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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Aug 19, 1968
Page
2
New York stocks posted modest gains in a steady morning advance with the Dow inching higher. On the day 726 issues rose while 589 fell as investors eyed favorable economic news and expected small range moves after Labor Day.
Washington AP reports that a Securities and Exchange Commission hearing heard Robert W. Haack warn that abolishing minimum commissions could destroy current markets. The Justice Department said it sees no need for fixed minimums. Haack argued negotiated rates would trigger destructive competition and weaken the exchange, harming investors and market stability.
Herb Althouse manager and Helen Majors waitress sample cake at the Gourmet House as Tairway Park marks its 10th anniversary. Barber Jess Gellegus, a longtime merchant since opening day in 1658, also participates in the centennial style tasting event.
Famed engineer Clessie Cummins, founder of the Cummins diesel empire, died in Sausalito, California. He helped popularize diesel engines in trucking by installing his designs in a New York to Los Angeles non stop endurance run in 1929 and later powered racing and industrial applications. Cummins, born in Indiana, led a company that became a major diesel producer.
Obituaries and funeral notices for Thomas Murph and several local residents in Fremont and nearby towns describe Rogan families, service details, and interment plans. The notices list relatives including spouses children and grandchildren, church affiliations, and funeral home arrangements with dates in August 1968. The damaged text also mentions Harold Nygren and Wallace Ment with family relations and memorial service details in Hayward and Union City.
A reader recalls redeeming a poor performing balanced mutual fund in favor of a smaller common stock fund, noting the former has languished while the new fund rose to 78 cents a share. The letter discusses the weaker recent performance of balanced funds, the potential of stock funds, and inflationary pressures on fixed income. It also advises a widow to pursue the Series E to Series H bond exchange, stressing reduced tax on accrued interest and steady semiannual checks.
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