Bank of Commonwealth Receives $60 Million FDIC Aid
The Bank of the Commonwealth, facing a near collapse, is supported by an $60 million emergency loan from the FDIC and a pledged $80 million federal grant. Depositors report stability as the bank opens for business, with FDIC insurance protecting accounts up to $20,000 each.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Bank of the Commonwealth
Bank
Federal Deposit Insurance Corp
FIG
FDIC
Earnings climb for Palo Alto Salinas Savings and Loan
Palo Alto Salinas Savings and Loan Association reports earnings of 6,062,605 for the year ending December 31 1971 up from 4,501,091 in 1970. Per share earnings rise to 2.43 from 1.82. Total resources reach 544,504,538, up 18.7 percent, with 5,337 loans totaling 184,000,000 in 1971. Concurrently, equity grows 18.2 percent and savings rise by 80,710,218 to 437,638,01, as new offices open in Oakland and Morgan Hill and Burlingame is approved.
MENTIONED IN THIS ARTICLE
Palo Alto Salinas Savings and Loan Association
Firmin A. Gryp
The
Association
Gryp
Oakland
Morgan Hill
Carmel Savings
Burlingame
State Savings and Loan Commissioner's Office
Concord
Northern California Weather Outlook From UPI Report
United Press International outlines a cloudy to rainy pattern across Northern California with snow above 5,000 feet in the mountains. Temperatures stay in the 20s to 40s, with clearing near the coast and lingering fog and light winds in valleys such as Napa and Sonoma through Thursday.
MENTIONED IN THIS ARTICLE
United Press International
California
Monterey
Stockton
Vale
Tarangos
Scattered Fire Calls Across South County Cmd Structure
A jumble of station names and locations reports numerous fire calls in South County. Mentions include East Bay areas, fires or investigations in Wald, Union City, Fremont, Ashland, and other scattered districts with references to city streets and structure incidents.
Mealybug Threat Spurs State Action Plan
Sacramento officials prepare an allout fight against the Comstock mealybug with University of California scientists. State Agriculture Director Jerry W. Fielder says Tulare County is infested and risk to fruit and ornamental plant growers statewide. The plan would include quarantine in affected areas and chemical and biological controls.
MENTIONED IN THIS ARTICLE
Sacramento
State Agriculture Department
University of California
State Agriculture
Jerry W. Fielder
Tulare County
Fielder
GM asks U S to delay clean engine deadline
GM requests postponement of the 1 January 1975 clean engine standards citing insufficient technology for mass production of cleaner exhausts. The company asks EPA to extend the deadline to 1976, triggering Senate criticism from Muskie who calls for openness and warns of government secrecy.
MENTIONED IN THIS ARTICLE
U.S
Warhengton
APT
General Motors
Environmental Protection Agency
Senate Subcommittee On
Edmund S. Muskie
Maine
EPA
Wiliam Rucke
Nixon
Muskie
George
Allen
Mirnday
Wards marks centennial push with new 1972 products
Ward’s introduces a broad centennial celebration lineup for 1972 marking 106 years since founder Aaron Montgomery Ward. new products include a rotary lawnmower and humidifier electronic air cleaner, plus fashion, appliances, and home improvement items aimed at diverse American households.
MENTIONED IN THIS ARTICLE
Chicagn Montgaminty Ward
Wards
Aaron Montgomery Ward
Hig
Hach
World money revision lowers interest rates
World wide agreement on new money values has driven a fall in global interest rates. Cheaper borrowing should spur factory building, more jobs, and higher wages, though joblessness may lag as construction times stretch. Stock averages rise on improved business prospects, while confidence grows in long term value and lower rates. Domestic dollars have not fully followed the foreign move.
MENTIONED IN THIS ARTICLE
New York
Herr Muller
Jack Perkins
Jack Lves
Boston
England
Mass
Stock Exchange
United States
Ala
Record corn harvest seen in Washington report
The Agriculture Department estimates the 1971 corn harvest value will reach a record high, with subsidies and price support contributing. Officials said the value of all crops may rise despite slower production growth, reflecting higher prices and government payments.
MENTIONED IN THIS ARTICLE
Washington
ARMEU
Over the Counter Quotations Courtesy by Dea Willer & Co
A fragment notes over the counter quotations furnished through the courtesy of Dea Willer & Co at 3070 A Street Hayward. The sparse text indicates business listings or advices reflected in local notices.
MENTIONED IN THIS ARTICLE
Dea Willer & Co
St. Hayward
Hearing Notice for Will Probate in Hayward Branch
Notice of hearing on probate of the will for Asher Tug meet gift and other heirs. Court action set at Hig ward West Warton Avenue with names Carol Gaves and others involved. reference to February date and local probate procedures.
MENTIONED IN THIS ARTICLE
Ilely
Gavan
Asher
Tetters
Lestanenhoy Tetras
Wwe
Ariel Peanauer
TeEber
Wantit
Sant Court
al West Warton
Hig Ward
Stock market drops sharply amid trading rout and pre State of the Union caution
New York stocks fell across the board as traders digest recent gains and await President Nixon’s State of the Union address. West Coast longshoremen walkout tensions eased little, a ban on military cargo shipments was imposed, and major indices slipped with the Dow and broader averages posting losses. Active issues included West De Calina Petroleum Arianna Colorado and Topper limited moves amid volume.
MENTIONED IN THIS ARTICLE
New York
UPI
Svross
Nisin
Pacific Coast
Standard & Pour
Amex
West Decalia Petroleum
Larlit
Arianna Colorado Tandel
Job safety seminar set in Hayward
Nearly 100 business people signed up for a U S Labor Department seminar on the new national safety and health act to be held from 12 80 to 2 30 pm next Tuesday at the Holiday House. Sponsored by the Hayward Chamber of Commerce the talk will cover provisions for safety standards observed by employers and workers. The Bureau of Labor Statistics is implementing a nationwide injury and illness reporting system with emphasis on five target industries where rates are high. The public is invited and reservations may be made by calling the chamber at 337 Flat.
MENTIONED IN THIS ARTICLE
Detroit
Motors
Nixon
EPA
National Academy of Sciences
Academy
Hayward
U.S. Department
Holiday House
Hayward Chamber of Commerce
Lahm’ Staliskey
Emph
Reserv Aljays
Beautification Plan for San Leandro Transit Corridor
San Leandro officials and the San Leandro Manufacturers Association favor voluntary beautification of commercial storefronts along the rapid transit corridor. City Planner Martin Vitz said the plan aims to beautify areas with 60 foot widths on both sides of the tracks from the southern city limits near Bayfair to Oakland city limits. Residential zones will be excluded. A follow up meeting next month will refine the plan.
MENTIONED IN THIS ARTICLE
San Leandro
Charmer of Commerce
Bayfaiv
Oakland City Uints
Wil
National Market System Talks By Major Stock Exchanges
Representatives from the nation s big stock exchanges met to pursue a centralized market system. They endorsed a central securities system and discussed a consolidated tape for reporting trades. A working committee was formed to coordinate a nationwide market framework. Participants included the American, Midwest, Pacific Coast, Philadelphia Baltimore Washington, and New York exchanges plus a National Association of Securities Dealers Inc representative.
MENTIONED IN THIS ARTICLE
Philadelphia
National Association, of Securities Dealers Inc
BankAmerica approves stock split at directors meeting
BankAmerica Corp directors vote to approve a 4 2 for 1 stock split of all outstanding common shares subject to shareholder approval. President A W Clausen says the move would not affect planned equity plans and that no immediate stock issuance is planned. Directors also declare a regular quarterly dividend of 29 cents per share.
MENTIONED IN THIS ARTICLE
N Francisco
LPH
BankAmerica Corp
A.W. Clausen
Clausen
Aingetors
Oil price talks resume at uncertain OPEC talks
Turbulent talks among oil exporters resume amid pressure for higher revenue and potential dollar devaluation. Participants in the Organization of Petroleum Exporting Countries discuss plans for a multiyear price increase and any compensation to member nations, with details unclear and after delays.
MENTIONED IN THIS ARTICLE
Teneva
Iam
Organization of Petrelanny
Tahoe casing sale completes at Lake Yivhoo hotel casino
Carson City reports the sale of Kings Cagle hotel casino at Lake Yivhoo concluded. Officials say ownership remains unchanged and regulatory approvals are being reviewed as part of the emergency provisions.
MENTIONED IN THIS ARTICLE
Carson City
Ney
Kings Cagle
Lake Yivhoo
Aypkiovest Aganvnes Swao
Imanths Wen
Pha Hanlin Ebarnait
Constal Ranrel
Newamen
Esate
Hanting Canaries
Also Mentioned on This Page
Detroit Bank
Frank Willie
Commonwealth
Wille
Michigan
Donald H. Parsons
Parsons
Parson
Parsons Group
Chase Manhattan Bank
Clara Valley
Chinly
Rai
Liverenore
Aliey
Tinesden
Todas
Alvsny
Kansay
Rees
Stint Sa
Memphis
Aiemiaram
Bismarck
Milsaunee
Bostsn
Srirans
Arewasvill
York
Bullata
Borla City
Asia
Omaha
Eharie A
Pritad‘ahia
Phoenix
Uw Chiesa
Ineinratl A
Pileburgh
Pilar
A Ons Mowe
Rapid City
Bovat
Rano Foruin
Reichard Ey
Wearb Werth
Souis
Spakane If
Aouthern Alamos
Ayr
Zawallos Cours
Eastre Valley Wald Wall
Ehlawater
von Tongs
Tan Leandro - Ways
Sitkm
Bald Hind
Eos
Juanes
Auscitaters
Tam
Karel Yue
Ant
Lay Rezuscitatoy
Pam Davis
Este
Ashlander Ar
Union City
Ats Lovis Stare
Ntauseititte
Fremont Ada Greag Nmywood
Honea Wall
ADL
Nayweme
Seylen Gall Peay Autry Launal
Lbewice
Weviare
Lisbon
Vosper Thorneycroft
Southamton
Wilton
UPS
Fot
Len Welogh
Arendlalt Express
Androusnt Busch
Ameca Ai Rank of
America
Barak
Emaers & Real Hy
Colin Founders
Hyall
Mervyns Pavin
County OF
Alameda
Hayward Branch
Lth
Danoney
Hy Carol Gaves
Aanlan Will
MTS Stensvakard Cane
BART
BankAmerica
Asporling Couries
Aryey
al Ainannl
Tahoe
Joseph Baykeu
Amome Hanks
Panindiv
Crete
Marra
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