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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Apr 29, 1968
Page
5
A reader inquiry on debentures becoming more shares after a stock split is answered. If debentures are protected against dilution, conversion terms stay proportional, with senior bonds paid first. The piece also covers silver certificate exchanges for real silver with a June 24 deadline and current market prices.
New York AP analysis says March trade showed higher imports than exports as inflation and controls influence travel and spending. Experts warn continued deficits risk dollar value and call for reduced government spending and higher taxes alongside restrained tariffs to restore balance of payments.
Brush Beryllium Co reports first quarter sales of 7.46 million dollars, down from 8.16 million a year ago, with net income of 671,882 dollars or 8 cents per share. The firm cites Poseidon missile and C-5 brake part backlogs for 1968 69 as drivers and expects yearly sales to surpass 1967 with earnings possibly matching or exceeding prior highs. Headquarters are in Cleveland, Ohio, with a Hayward California plant at 24353 Clawiter Road.
Aliant Bill Mason becomes Centerville Fremont Safeway store manager succeeding McWilliams. Mason began as end alark in Gilroy and earned several promotions including produce head and assistant manager before being named store manager in 1985. He and his wife Florence reside in San Lorenzo with three children. Ronald Johnson succeeds Mason in Irvine as assistant store manager, later appointed in 1905, with his wife Delores and three children in San Leandro. Tourists In Africa reports 27,538 visitors to South Africa last year, 18,500 more than 1966.
LIVERMORE The city may soon adopt a low commercial zoning ordinance. Planning Director George Musso and his staff completed a draft after nearly two years of consideration.
San Leandro officials note a drop in industrial investment from 18.6 million to 10.5 million in 1967 as land development constraints limit new industry. Frank King cites land costs and scarce acreage, with 55 acres of Trojan Powder land near Lewelling Boulevard expected to open by midsummer to aid growth.
In New York the stock market showed a modest advance with the Dow Jones average up around 127 points at noon to about 907.30 while 60 percent of the 200 listed issues moved higher. Notable gains appeared in Pfizer and M G M. Chock Full O Nuts faced takeover chatter. Revlon and Norwich Pharmacal posted fractional gains.
UPI reports the U S Commerce Department shows a 27 percent rise in new building starts in the San Francisco Bay Area for the first quarter of 1968. Construction permits reached 254.3 million dollars, up from 199.8 million the year before, per local official Hel nffica.
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