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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Dec 30, 1960
Page
14
New York bonds are projected to improve after a dip this year with earnings per share dropping to 2.27 from 3.01 in 1959. Analysts forecast a notable improvement in 1961 as Reynolds comments on the prospects.
NEW YORK AP Christmas shoppers ended the week near record levels with overall retail up about 11 percent from a year earlier. Pacific Coast gains ran about 7 percent as apparel toys small appliances gifts and linens led the demand. Weather slowed some early sales and new passenger cars saw modest impulse in demand.
Readable fragments describe a chaotic list of names places and dates including New York and Yokohama references. The text mixes farm terms with ship names and schedules a Sunday January 1 in a news-style list, with unclear actions or events to anchor a clear lead. The result is a partial archival snippet lacking coherent reporting.
Business Review cites Shlekis & Co recommending a cautious long term buy on stock with pond yield and growth potential. Alan Poole of Hemphill, Noyer & Co notes expected first quarter 1961 price movements with potential significant penetration of lows, while electronics and autos lead minor gains and defenses lag amid mixed early trading signals.
Berkeley Savings and Loan Association will distribute a record breaking 1,490,206 dollars in interest payments to its savers for the semiannual period ending December 31. Sherman Miller, executive vice president and managing officer, says this is the largest interest payment in the 39 year history of the association.
Report notes at 1 pm the Dow Jones index movement amid tutu trials. Up is indicated for HS, with daw noted in the brief.
State Farm district manager for Hayward and 10 area agents joined about 20 000 employees at a San Jose meeting this week. Adlai H. Rust, chairman of the board, spoke to gatherings nationwide including 309 meetings in the United States and Canada. Local agents listed include Ray Dog Adams Joe Antonini Bob Bird Derek Nesbitt Allen Peck Fred Shehab Kay Simmons and Ed Habriel.
SAN LEANDRO MANPOWER head Denius Higimann of the Manpower office at 1155 Eyithst predicts continued growth in the temporary help field. The agency has 225 workers and handles typing steno, calculating, mailing, and other jobs. The industry in 1960 earned about 117 million dollars in the United States with Manpower the largest firm, employing 123000 people.
A chaotic OCR list of multiple company names and stock figures appears, with numerous typos and fragments. The readable items show dozens of corporations and potential prices or shares across industrials, transportation, and consumer goods. The fragmentary data hints at a broad market snapshot rather than a single coherent report.
New York reports banks finish a banner earnings year with profits buoyed by securities gains. Standard & Poor's foresees a weaker first half in 1961 due to rate cuts, but expects improvements in the second half as economic conditions improve. Mergers and branching are seen as constructive long term.
President John J. Peters announced that savers earned 2.5 million dollars, with deposits rising 32 percent. The association moved four distri berted offices including San Lorenzo into new quarters and opened a new office in San Francisco during the year.
CHICAGO. The ornate Chez Paree, once a symbol of big names and big bands, lay shuttered and empty as all interior possessions were sold at auction to satisfy a $60,000 mortgage. Owners Dave Harper and Donald Medlevine said they had no immediate club plans. The last ceremonies featured an auctioneer chanting through rows of chairs and items dating back to Prohibition days.
Gov. Edmund G Brown named Ellan Lawless of San Francisco to head the Industrial Accident Commission. Lawless, age 47, has served on the commission since January 1959. He previously worked in the San Francisco district attorney’s office from 1915 to 1952 during Drawn’s tenure as district attorney.
UPI reports from the California State Automobile Association and Ski Tow Operators Association on Sierra area roads and resorts at 9 a.m. Snow depths vary by pass from 18 inches at lower elevations to 60 inches at high peaks. Chains not required on most routes. skiing described as good and weather clear across Shasta, Yosemite, Mammoth, and additional highways including Badger Pass, Bear Mountain, and Lake Tahoe corridors.
Kaiser proposes selling a Waikiki hotel as part of a broader economic plan. Kenneth Galbraith, Harvard economist and Kennedy adviser, outlined actions to invigorate the economy including mortgage relief, higher unemployment benefits, area redevelopment, expanded road-building, and new school construction funding.
Honolulu dispatch reports Henry Kalser’s Hawaiian Village on Waikiki Beach may join Hilton system after persistent sale rumors. Conrad Hilton, Kaiser negotiations near closure, with final agreement reportedly signed. Spokesman cites long rumors while Kaiser interests and management by Westin Hotels noted.
Joseph A. Carrera vice president for branch operations announced a new California Points bank branch to be located beside the Palma Ceral Sacramento shopping center in Hayward. A site at the southeast corner of Hesperian Boulevard and La Playa Street has been leased with a long term lease including frontage on Hesperian and a 7 foot extension along La Playa.
A statewide weather forecast summary is garbled with numerous errors. It references Northern and Central California rain chances, near normal temperatures, fog in the San Francisco Bay Area, and morning fog in the Sierra and Monterey regions. Temperature ranges and wind descriptions are inconsistently presented.
San Francisco UPI The president of the California Public Utilities Commission said the commission would ask to participate before the Interstate Commerce Commission on sale of control of Western Pacific Railroad Southern Pacific and Santa Fe railroads both trying to acquire Western Pacific Everett McKeage commission president said California being sought to participate only as an interested party but may declare its attitude after proceedings have developed.
California Packing Corp and Able Builders plan a new office structure at 7 Thornton Ave in San Leandro. The $5,000 to $7,000 project, tied to club events, faced delays as contractors Oakland and New York firms prepared a rapid concrete shell for completion within about three months, with entertainers like Red Skelton and Louis Prima expected in attendance during the New Year observance.
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