U S loans Detroit bank sixty million emergency aid
The Bank of the Commonwealth received a 60 million federal emergency loan coordinated by the FDIC to steady deposits. FDIC chair Frank Wille said the aid prevented possible closure, with deposits insured up to 20 thousand dollars and customer confidence holding. The bank, facing losses since the 1960s Parsons group era, eyes stabilization from the rescue.
MENTIONED IN THIS ARTICLE
Detroit
UPN
Bank of the Communwealth
Bank
Federal Deposit Insurance Corp
FDIC
PDIC
Frank Willie
Commonwealth
Wille
Michigan
Donald H. Parsons
Parson
Parsons Group
New York
Chase Mehattan Bank
Ji Iaved Samilion
Earnings rise for Palo Alto-Salinas Savings and Loan
The Palo Alto-Salinas Savings and Loan Association reports stronger earnings for the two months ending December 31, 1971, compared with the prior year. Net income reached 6,062,638 with earnings per share at 2.45, while total resources grew to 44,584,538 and stockholders’ equity rose 18.2 percent. the firm expanded offices in Oakland and Morgan Hill, merged Carriel Savings, and saw 5,937 loans totaling 88,800,000 in 1971.
MENTIONED IN THIS ARTICLE
Palo Alto-Salinas Savings and Loan Association
Firnin A. Gro
Association
Oakland
Morgan Hill
Carriel Savings
Burlingame
State Savings, and Loan Calimisioner's
Concord
Weather summary for Northern California regions and Bay Area
Cloudy conditions prevail across Herihers and Sacramento Valley with chances of rain tonight through Thursday. California regions including Mante Ray, Sieckion, Shasta, Siskiyou, Clovily, Fresno area, Sacramento, and Santa Clara Valley report dense fog, low clouds, and cooling temperatures with winds increasing Thursday. Regional highs reach into the 40s and 50s with below freezing night lows in some inland areas.
MENTIONED IN THIS ARTICLE
Herihers
Inurstay
Manteray
Sieckion
Thursseys
Wale Loya Batt
Comst
Sacramena Valley
Mt. Shista Siskiyou
Santa Clara Valley
San Francisca
Thurdave
Ivermure Valley
Chody
Albany SF
Adaruae
Lourie
Gianto
San Ramon
Morea Vale
Feya
Miami
Milwaukee
Batge
Lanight
Fant Reaton
Fant Reaton A“ Jwnow Grieden 43 Vanes, Browneribby 2 of New York Ab Hhuttalo
Okla
Sonoma
Theaugh
Foy
Thanee
Rai Trainnt
Spokane
Houston SA
Tampa
Fire and rescue calls sweep South County region this morning
Fire departments across Hayward San Leandro Fremont Newark and nearby towns responded to multiple incidents this morning including medical aids and vehicle fires. Responders from Santa Clara and Alameda counties coordinated to manage several calls throughout the area with responders noting high activity and limited details available at early reports.
Mealybug Threat Advances in California Program
Sacramento reports a coordinated effort by the California Department of Agriculture and the University of California to combat a mealybug infestation. State Director Jarry W. Fielder said Tulare County is heavily infested and threatens fruit and ornamental growers statewide. The proposed anti mealybug program includes quarantines and chemical and biological controls.
MENTIONED IN THIS ARTICLE
Sacramento
UPS
State Agriculture Department
University of California
State Agriculture
Jarry W. Fielder
Tulare
Fielder
Ward's Century 2 products mark 100 years of service
Montgomery Ward unveils a centennial program for 1972 featuring Valor designed products across consumer lines. New items include a safer rotary lawnmower and an air humidifier cleaner, plus 19th century glassware and home remodeling equipment. The firm reiterates its founder's pledge to offer quality goods at affordable prices.
MENTIONED IN THIS ARTICLE
Chicago
Montgomery Ward
Wards
Iim
Agron Montgomery Ward
Century 2
Manning Art
GM asks U S to delay clean engine deadline
In a Jan 12 letter to the EPA, General Motors urged postponing the 1 January 1975 clean engine standards to 1976, arguing inquiricient technology prevents mass production of cleaner exhausts by the deadline. Senator Muskie criticized the timing and secrecy of the move. The EPA will decide within 60 days after hearings and NAS review.
MENTIONED IN THIS ARTICLE
Washington
UPI
General Motors
Pavernment Oi
Environmental Protection Agency
EPA
Thesday
Senate Subcommittee On
Edmund
Muskie
William Racke
Nixon
George V. Allen Jr
Detroit
National Academy of Sciences
Academy
World money revision lowers interest rates
NEW YORK AP It has been a month since major economies set new currency values and world interest rates fell widely. The drop boosts confidence, enabling cheaper borrowing for factory building, expansion, and potential job growth, though long lead times delay unemployment changes.
MENTIONED IN THIS ARTICLE
New York
Tosan
Hert Mailer
Dark Perkins
Jack
Boston
England
Teston
Mass
Ita
Muller
Perkins
Corn harvest value seen at record highs in 1971
The Agriculture Department projects the gross corn value for 1971 at a peak 38.789 billion, despite lower prices. The all crop value, including 494 million in subsidy payments, rises to a record 28,098 billion for 78 crops, up 9 percent from 1970.
MENTIONED IN THIS ARTICLE
Governent
Washington Wpi
Agricultire Department
Agriculture Department
Hayward Calle
Patrinnae Income
Winston, Tb. al
Over the Counter Quotations Courtesy of Dean Willer Co
The notice credits Dean Willer & Co of 1070 A Street Hayward for furnishing over the counter quotations. It lists the source as a courtesy and identifies the local firm providing the market data to readers.
MENTIONED IN THIS ARTICLE
Dean Willer & Co
Hayward
Petition for Probate of Will Notice
Notice is hereby given that an application for probate of the will of the named decedent has been filed. A hearing is scheduled for February 20 at 8:00 p.m. at the department gate, Went Winton Avenue, Hayward, Railtormin.
MENTIONED IN THIS ARTICLE
Srvith
Winton Avenue
Hayward
Stock market slides as Nixon speech looms and strikes weigh
Stocks drop across the board in active trading with the Dow off about several points and the S and P index down around 2.3 percent. Analysts cite caution ahead of President Nixon’s State of the Union address and the resumption of the West Coast longshoremen strike, with declines led by airlines electronics chemicals and building materials while West Dakota Petroleum and Arizona Colorado Land trade lower on the American stock exchanges.
MENTIONED IN THIS ARTICLE
New York
UPI
Othere
Nixon
Pacific
Raila
Dow Jones
Standard & Prior
Mbstouk
Algo
Americat Stock Exchange
Amex
West Dacalta Petroleum
Arizona Colorado Land
Job safety seminar set for Hayward
About 100 businessmen and women signed up for a Department of Labor seminar on the new national OSHA act. Held from 2:40 to 2:30 p.m. next Tuesday at Holiday House, it is sponsored by the Hayward Chamber of Commerce. The program will cover job safety standards and the nationwide injury and illness reporting system. The focus includes jet safety and health programs in five priority industries with high injury and illness rates. Reservations may be made by calling Hayward Chamber at 537.
MENTIONED IN THIS ARTICLE
Hayward
ILS
Department of Labor
Holiday House
Hayward Chamber of Commerce
Department
Bureau of Labor Statistics
Havwand Ogambar
Beautification plan eyed for San Leandro transit corridor
San Leandro business and civic groups backed voluntary beautification of commercial lots along the rapid transit corridor from Bayfair area to Oakland city limits. City Planner Mario Vitz noted 600 foot widths on each side would be affected while single family areas would be excluded. A meeting to outline details is to be scheduled next month.
MENTIONED IN THIS ARTICLE
San Leandro
Chamber of Ecommerce
Bayfair
Oakland
Vitz
National stock exchanges plan coordinated market system
Philadelphia AP representatives from the American, Midwest, Pacific Coast, Philadelphia-Baltimore-Washington, and New York stock exchanges met to discuss a national market system. They agreed on defining central securities system, studied a consolidated tape for reporting trades, and formed a working committee to pursue a unified market framework.
MENTIONED IN THIS ARTICLE
Philadelphia
Pacific Coast
Piladelphia
Baltimore-Washington
New York
National Association of Securities Dealers Inc
BankAmerica plans stock split and dividend vote
BankAmerica Corp directors voted a planned one for two stock split contingent on shareholder approval at the March 21 annual meeting. Authorized shares would rise to 100 million and par value cut from 4.24 to 3.125, with about 15 million treasury or option shares noted. A regular quarterly dividend of 55 cents a share would be payable February 29 to holders of record January 31.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
BankAmerica Corp
Rfer-L
Corporation
A. W. Clausen
Clausen
Clauaon
Oil price talks resume in Geneva on dollar devaluation
Oil producing nations led by OPEC and major exporters resumed talks in Geneva seeking a 2.6 percent rise in posted prices to offset dollar devaluation. They back an annual 2.5 percent inflation adjustment agreed in Tel Aviv, and say they will adjust if the dollar revaluates in the future.
MENTIONED IN THIS ARTICLE
Geneva
UPI
Petre- Jewry
Organization of
Petralewn
Telran
OPEC
Kings Castle sale at Lake Tahoe stalls after agency OK
Carson City Nevada United Press dispatch reports the Kings Castle hotel casino sale, approved by state agencies two months earlier, remains incomplete. Purchasers have not finalized a complex cross border financing with banks in Holland and England. Officials insist licensing and ownership have not changed despite emergency Commission action and assurances to avoid closure.
MENTIONED IN THIS ARTICLE
Carson City, Ney
UPN
Kings Castle
Lake Tahoe
Nate Jacobson
Philijy Hannifin
Gambg Cortro
Gaming Commission
Joseph Barkett
August Marra
Hannifin
Holland
England
Perindics
Barkell and
Marra
Also Mentioned on This Page
U.S
Detroit Bank
Parsons
California
Wewerday
Jodsy
Alameda
Fremont
Plessereon
Livarmare
Southern
Ask Fat Hill
Watihe Dean
Joel Iatriek
Sirwenee Ee
Ball
ZanMlod
IM Gol Cowen Randy
Valley
Coldwayer
Cane Yan Rémnds
Gia Invadligation
Martaly Ant
Kina Harhags Spss
AU Atm
Five Ska
Wit
Jenin
Suseltanne
Ashlang Feat
Hod Thom
Ides
Umidhity
Louis Seme
Ana Maya A
Servien
Newark
Héalt
Vosper Thorneycroft
Southamton
Wilton
Stock Exchange
United States
Tsai
Reeword
Dalévt
Jack G
Blu
Carol Graves
American Express
Taey Anheuser Buisely
Sir Adan Maytalr
Hove
Unk of America
Bank of America
Abe Tampax Wes Legal Nore Suberion Court « State OF
Rayward Branch
Run B. May
Ax Hutt May
Beccasud
BART
BankAmerica
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