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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jan 12, 1968
Page
7
A reader asks about eliminating broker commissions from mutual fund purchases while overseas and afterward. The response explains that commissions apply to initial share purchases and go to the broker, their firm, and the fund's share handler, regardless of ongoing servicing.
New York based UPI reports suburbia's growth creates distinct regional markets. Marketing chiefs note a national market no longer exists with segments in each area. Dutka of Audits & Surveys, Inc. cites tailored marketing and distribution improving sales by region, noting oil and drink preferences vary by Midwest Northeast South.
Donald Baldra, Schering Corp. branch manager, elected president of the San Leandro Manufacturer's Association at Speedmaster Engineering Co. meeting. Arthur Sowa, Broadmaver Electric Co. president, named treasurer. Baldra moved up from vice president. Agenda noted growth of local and private label brands and market segmentation by Dutka.
HOLLYWOOD AP plan state a $1 billion face lift may come to the motion picture capital with a Hollywood industry center proposed by the Los Angeles Planning Commission. The center would cover 83 acres initially with a six month building freeze and could expand to 556 acres. plans also include rebuilding 197 acres in the Walts area as part of the effort.
The Navy announced the appointment of Rear-Admiral Leo McCuddin as Commandant of the 12th Naval District, based in San Francisco. The move formalizes leadership for the district responsible for naval affairs on the West Coast.
Deborah Reed pins carnations on Jin Hagan, newly elected president of the Downtown Hayward Association, as Max Suehve looks on. The installation marks the start of a new term for the association with officers taking office.
New York reports a steady market with trading lively and gains ahead of early afternoon. The Dow Jones index hovered around 89.40, down 1.39, as profit taking weighed on blue chips while broader averages showed strength and rotation toward moderately priced issues.
Bryant Lee Janes, 19, a teller at Westland National Bank in Lakewood, was charged with embezzling 41,000,000. He appeared before a US commissioner and posted a $1,000 personal recognizance bond.
The New York Stock Exchange opened with mixed action as early price moves showed uneven gains and losses across major sectors. Investors monitored shifts in industrials and utilities amid cautious trading ahead of afternoon earnings reports.
A 19 year old Los Angeles foreman attempted a 73 006 dollar keno payoff at the Mint Hotel Las Vegas but was refused after an investigation found the game tampered with. State agents police and the game maker agreed the payout should be held for study while inquiry continues. The claimant asked to return to Los Angeles and did not identify himself.
A dense listing of investment funds and financial instruments appears with numerous fund names, prices, and indexes. The fragmentary OCR shows names like Keystone Puritan, Fidelity, Loomis Sayles, Scudder, and Commonweal th, with various prices and codes, indicating a bank or brokerage page excerpt listing funds, performance figures, and related entities.
New York AP reports growing demand for silver with $1 $5 and $10 certificates increasingly redeemable for bullion as industrial users like film makers bid up prices. Substitutes fail to replace silver, strikes in copper mining tighten supply, and Treasury measures loosened fixed pricing, lifting premiums on silver certificates amid a tightening market.
Hotty Sugar Corp announces expansion plans and modernization of its Tracy and Hamilton City plants to meet rising industrial demand and stabilize silver-related operations. The move follows silver price increases and government measures to protect coinage from melting, with a mid 1963 price around 1293 per ounce.
SAN FRANCISCO UPS The three large California utilities have budgeted over 18 million dollars to put power lines underground in 1968. Pacific Gas and Electric plans eight million, Southern California Edison six point five million, and San Diego Gas and Electric one point five million. Sierra Pacific Power set aside eighty two thousand for a specific underground conversion project in Hanvil Tahoe.
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