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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Dec 05, 1966
Page
3
A commentary notes rising attacks on mutual fund fees as a threat to the industry. It discusses the SEC's role and funds' defenses, arguing fees reflect advisory and management value and that investors have benefited from fund-driven growth though fees remain a point of contention.
American Technical Machinery Corp. of Mount Vernon markets artificial Christmas trees and related equipment. The firm reports strong demand, 250000 trees ordered this year, a Lexington plant expansion, and nine month earnings of 87 cents per share on revenues of 3.57 million, up from the prior year.
Striking teachers vote to return to classrooms in Chicago night junior colleges after the school board pledges to recognize their union. About 400 members of Lovall 1600, American Federation of Teachers AFL-CIO, approve the settlement as they are told the world will recognize the union as a bargaining agent. The airiie began Nay 30. With 40 percent of this year’s crop delivered, only one Brower has seb a price 20 dollars a ton. PROTESTS STAGED Crowers demand 280, a price paid the past three years. A protest committee formed, conducting picketing demonstrations for 10 days similar to labor oblong.
Fresno reports a long running price dispute pitting raisin growers against two major packers, with protests at a downtown Fresno shopping area. Growers demand higher prices while packers favor contract terms, amid calls for fairness as market plans set 60 percent free tonnage and reserve pools.
Last weekend raisin growers halted picketing to send a representative to Washington for relief from the U S Department of Agriculture. They warned of renewed protests in D C and formed the Independent Raisin Producers Bargaining Association with over 800 members in the southern tip of New York. Industry leaders described ongoing demonstrations as a pressure to lift raisin prices, with talks centering on a $250 per ton price offer and broader market concerns.
Prices today held firm in the stock market with a flat overall indicator. Steel shares were mixed within a narrow range as Bethlehem and Republic each fell by the same small amount. U.S. Steel rose 1 percent while General Motors and American Motors posted fractional losses. Chrysler and Ford were unchanged. Electronics slipped with Motorola leading falls, down 3 in value as Sanders Associates and IBM also declined.
A reader asks about buying stock on a monthly basis via the Monthly Investment Plan MIP, allowing $40 to $1,000 per month or quarter in NYSE-listed stocks. The piece explains full and fractional shares, low commissions, and the advantage of steady investing. It also covers tax loss reporting for a failed bond investment, GM earnings reporting myths, and broker research roles for investors.
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