SEC study dilutes impact of big investors on markets
A two year SEC study on mutual funds banks and other big investors yields mixed conclusions on price impact. It notes heavier institutional trading but questions how much that trading moves prices month to month and calls for further analysis and regulatory consideration.
MENTIONED IN THIS ARTICLE
SEC
Charles J. Elia
Congress
Securities and Exchange Commission
Hich
New York Stock Exchange
America Exchange Stend
Anes
Isingte
Washington tax surcharge debate and proposed rebate
A critical opinion argues Washington should cut taxes by repealing the 1968 surcharge kept after inflation. It questions fiscal discipline, centralization, and calls for a 1971 tax rebate equal to the surcharge, suggesting California senators’ reactions would be telling.
MENTIONED IN THIS ARTICLE
Washington
Congress
California
States push generic drug option to curb high prices
New bills in California New York and Massachusetts aim to let pharmacists substitute generic drugs for branded prescriptions despite doctors orders. Industry figures note large price gaps between brand names and generics with examples like Miltown Acromycin Polycillin and more. Proponents argue savings for patients hospitals and taxpayers while critics warn on board rules and pricing dynamics.
MENTIONED IN THIS ARTICLE
New York
UPI
California
Massachusetts
Municpal
Miltown
Jerry Zelin
Generics Corp. of America
Moonachie
N.J
Adolph Stortch
Purepac Co
Elizabeth
United States
Zelin
Stortet
Pharmacy Board
Storch
Enormous Conveyor Belt Crated for Shipping from Akron Plant
R M Taylor of Goodyear Tire in Akron oversees the final belting process for a colossal conveyor belt. The belt measures a quarter mile long and weighs 15 tons, standing 11 feet tall when rolled for crating and shipped in an open railroad car.
MENTIONED IN THIS ARTICLE
R. M. Taylor
Goodyear Tire & Rubber Co
Akron
Ohio
Business Question Box Q and A on partnerships and electrostatic guns
A reader asks if a partnership must file an income tax return and explains partnerships do not pay taxes but file Form 1065 with partners taxed on their share. Another inquiry covers electrostatic handguns for spray painting, noting features, efficiency tradeoffs, and references to a Martens text and Hayward library contact.
MENTIONED IN THIS ARTICLE
Prentice
Bob
Martens
Wards appoints James B. Davidson San Jose manager
Montgomery Ward announces James B. Davidson as new San Jose retail head. Davidson previously served as merchandise manager for Ward's eight Bay Area stores district for three decades, under Bert J. Rademacher, Bay Area metropolitan district manager.
MENTIONED IN THIS ARTICLE
James B. Davidson
Montgomery Ward
San Jose
Herbert J. Rademacher
Ward
Bay Area
Davidson
Centa
ITT to Offer Stock for Sale
ITT and Telegraph Corp announces a proposed public offering of 25 million shares of convertible preferred stock Series O with no par value. The offering is expected in early April, underwritten by Kuhn, Loeb & Co and Lazard Freres & Co. Proceeds will fund general corporate needs including subsidiary advances and plant expansion.
MENTIONED IN THIS ARTICLE
New York
Inernatonal Telephone & Telegraph Corp
Sevuriwns & Exchange Cometssion
Kuhn, Loch & Co
Lazard Freres & Co
New York Stock Exchange
Southern Pacific to Build West Colton Freight Yard
Southern Pacific plans a 39 million air classification yard at West Colton near Los Angeles. The 560 acre facility aims to speed freight movement across the West and was approved by the railroad's 16 directors at a board meeting in Los Angeles this week. They hosted a luncheon for about 1,000 Southern California business and civic leaders.
MENTIONED IN THIS ARTICLE
Angeles
Southern Pacific
West
Colton
Los Angeles
California
Mervyn's Plans IPO Of 300000 Shares In Bay Area Push
Mervyn's files SEC registration for an initial public offering of 300000 common shares with 286000 to be sold by the company and 35000 by founder Mervin G. Morris. Blyth & Co Inc leads the underwriting. The Bay Area chain, seven stores, San Lorenzo base, 1990s sales of 36450000 and after tax earnings of 1110000.
MENTIONED IN THIS ARTICLE
San Lorenzo
Mervyn's
San Francisco Bay Area
SEC
Mervin G. Morris
Blyth & Co, Inc
Bay Area
Caterpillar reports solid February sales and February profits
Caterpillar Tractor Co. reports February sales of 1710 million, up from 165.3 million a year earlier, with after tax profit of 10.7 million and earnings per share of 16 cents. For the first two months of 1971 sales reached 373.7 million and profit after taxes 26.1 million, with 4 cents per share, aided by dealer deliveries under a special inventory plan.
MENTIONED IN THIS ARTICLE
San Leandro
Comnon
Fremont-Newark Financial Briefs March 21 1971
Fremont Newark financial notes from The Argus cover market highlights and local business activity for Sunday March 21 1971. Highlights include price movements, corporate updates and regional investment trends.
MENTIONED IN THIS ARTICLE
Fremont
Newark
California
Week in business Indicator breaks magic 900 mark
Washington reports signal a slow economic recovery but Wall Street pushes on as the Ron Jones industrial average tops 990 for the first time since June 1969. Dow closes up 14.8 to 912.92, S&P 500 rises to 101.0, NYSE index at 5.99. Trading volume dips vs last week though remains above year ago levels.
MENTIONED IN THIS ARTICLE
Congress
Washington
New York
IPI
Nixon
Wall Street
Ron Jones
Dow Jones
Standard & Poor
Also Mentioned on This Page
Virgil Salera
Hayward Daily Review
West Winton Avenue
Hayward
Josephine
Information Center For Business and Government
Alameda County
It&t
the Argus
Edmunds
Muskie
O-Maine
Paul A. Sauntelsin
Grennspan
Dyer
Mai
Haig
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!