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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Dec 23, 1957
Page
5
Wall Street forecasts gloom for early 1958 but pundit Gerald M. Loeb expects a brighter latter part of the year. He notes stock valuations, credit policy, and a rebound in capital and consumer spending as key factors, with recovery driven by confidence, easier money, inflation psychology, and defense spending.
A 38 year old Hamilton Air Force Base major Walter Burch was listed as a death by own action victim. Deputies said he attempted suicide twice before and his body was found in his car at Doran's Beach near Bodega Bay. He disappeared from the base Wednesday leaving a note citing mental illness.
Branden Enterprises relocates its construction yard from Calaroga Ave and Tennyson Rd to Turner Ct east of Hesperian Blvd to support a $28 million hospital project. The present yard has occupied part of the acreage since 1955 and will consolidate operations for Palma Ceia Plaza and nearby development. Yard staff include Darrell North as construction superintendent and Delfert Prophet as yard foreman.
New York markets opened mixed with a highly nervous tone. The Dow slipped 35 cents while rails fell about 38 cents, utilities gained five. Trade cautious on expectations of yearend rally, with Pennsylvania Railroad posting a hefty November loss. Boeing Martin North American rose on forecasted defense funding, others like General Dynamics Raytheon and Sperry modestly up, Ford and GM down from year highs.
Washington reports that the First Marines served aboard the warship Cabot in December, about a month after their organization. They were paid seven dollars a month and were equipped with musket and cutlass.
Washington reports a drop in manufacturing profits despite a $20 billion rise in personal, property investments, and savings. A joint FTC and SEC study shows third quarter profits at 4.7 cents per dollar after tax, down from 5 cents. Senator Edward J. Thye urges federal aid to relieve tax and credit pressures on small businesses and seeks a cabinet committee report on small business impact.
San Francisco caterer dubbed the "Hot Dog King" faced $125 bail after an arrest at Kezar Stadium for scalping tickets. Patrolman Michael D. Powers delivered the charge under a municipal-code ban on unlicensed peddling. In a separate incident, Ronald and Walter Boyarsky were jailed then released on $175 bail for battery, resisting arrest, disturbing the peace and profanity after a field confrontation.
Purity Foods announces William Rodrigues will manage the new Hayward store opening in January. His successor at Main Street Market is William Ator, previously assistant at Walnut Creek and Palo Alto stores. Wallace Weyland moves to supervise meat, Joe Gaipa leads produce, and Leslie Page will take Weyland’s St store duties as district supervision shifts across 13 Hayward area stores.
SAN FRANCISCO The Southern Pacific Railroad weighs cutting its Peninsula service amid a sharp drop in riders. A railroad spokesman said no decision has been made, but a survey shows about 1,000 passengers daily shifted to freeway travel. The current Peninsula service carries around 15,000 passengers daily in both directions.
The Southern Alameda County Trade Club in San Leandro will hold its sixth annual meeting on January 23 sponsored by the Northern California Chapter of the National Electrical Contractors Assn. Local contractors include Accurate Electric Broadmain Electric Ness Electric Co St Francis Electric Service San Leandro Jones Electric Red Top Electric Sid Electric Sport Electric Hayward Niles Electric Niles California Electric Kays Electric Monza Electric Co A Ner Inc Del Monte Electric and Scott Buttner Electric Oakland. Tickets may be bought at Chambers in San Leandro Hayward Castro Valley Livermore and Pleasanton. The meeting features social hour dinner stage show and prize parade with no speeches or formalities.
A new tomato powder designed for use in sauces soups dry mixes and juice is claimed to rehydrate with water and store indefinitely in powder form without refrigeration. The development aims to simplify distribution and storage while enabling wide application in food products.
Crown Prince Akihito marked his 24th birthday with a quiet day in Tokyo. He had lunch with Emperor Hirohito and Empress Nagako at the Imperial Palace and spent most of the day at home receiving congratulations.
VA Regional Office manager J Glenn Corbitt in San Francisco explains that only disability compensation rates rose under Public Law 5158 effective October 3, 1967. He notes that disability pension remains separate and is paid to wartime veterans with specific disease or injury, while disability compensation covers service related conditions in wartime or peacetime.
A Santa Fe Golden Gate Limited crashed into a stalled car at a crossing in Oakley Sunday night, injuring sixteen. Fifteen passengers and a crewman were treated, with none in serious condition. Eight of the train’s ten cars derailed and scattered along a half mile, though no cars overturned. The auto driver escaped injuries by leaping free before impact.
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