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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jan 17, 1966
Page
4
A garbled AP dateline from New York notes confusion on stock prices at the New York Stock Exchange. The brief mentions KEW YORK and a price update but lacks readable details or concrete figures.
Dow Jones averages show a year in arrears with notes on new issue activity. Dividends are described as declared or paid in stock, and cash values are noted for stock dividends. The document outlines last dividend meetings and related actions without action taken on the current dividend.
New York report profiles Leo W. Wiss president of Lee Filter Corp Edison New Jersey. His firm makes auto and home air and water filters and purifiers as he campaigns against unseen pollution rats in air and water.
A reader explains that using stock as collateral can avoid selling shares and saving brokerage fees. Banks may lend up to about 60 percent of market value at 5 7 percent interest. if the stock falls, a margin call can force more collateral or loss. The outcome depends on stock movement and loan terms.
Industry spokesmen say outdoor chefs seek premium grills and accessories as new leisure time and overtime boosts purchasing power. Seeley Thermos and King-Joey focus on larger, feature rich grills while workers gain extra pay, extending the barbecue boom into weekends.
Assemblyman Carlos Bee of Hayward is to keynote the 2d annual inland installation banquet of the Board of Realtors. The event at Castlewood Country Club will install board president, officers, and division leaders with presentations by Fremont-Newark and Tri-Valley divisions. The realtor of the year and salesman of the year awards will be announced by committee-secret ballot.
Castro Valley chapter of the American Field Service seeks families to host a foreign student for the 196? school year Mil 07. Interested families should call Mrs. Howard Wendland at 538 9520 no later than tomorrow.
British economist Robert Theobald will advocate a guaranteed annual income for all at a four day seminar titled Socioeconomic Evolution and the Human Dilemma. The event, sponsored by California State College at Hayward Student Council, runs January 28 with talks by Fein, Jay, Roszak and others, a film shown, and panel discussions in the Music Building Band Room.
The Commerce and Industry Association estimates the 12 day subway and bus strike cost New Yorkers a billion dollars with less than a quarter recovered. It urges raising the 15 cent transit fare to help pay for the contract settlement that ended the strike last Thursday. The new five year contracts between the city Transit Authority and the striking unions are estimated at 52 to 70 million dollars.
San Leandro Lions Club will hear a talk by Lea Nomeb lini, former San Francisco leader, vice president of Northwestern Title Co. of Oakland, on What Makes A Professional Football Player. John Deadrich TI is program chairman. The event starts at 6 A.M. at Mirage lia's Restaurant, 1392 Hays St.
W R White of Hornblower and Weeks notes new highs in averages as Dow theory signals remain decisive. Portfolio managers may favor overlooked cyclical stocks over glamour shares that led gains. Newton D Zinder cites upside resistance and a possible pause in the advance. L C Heaper predicts continued selectivity, rising activity, and periodic nervousness as prices trend.
A mixed page item covers wool market quotes in New York with bid figures for Maren and Great Weil commodities and a series of legal notices from Alameda County California. Notices include the estate of Emma C. Petersen with six month claim deadlines, and a public auction sale of real property by trustee J Clayton Orr with detailed parcel description and conditions.
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