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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 02, 1969
Page
3
Robert Gilmour Le Tourneau, an innovator in earth moving machinery, died at his Longview Texas home aged 80 from a stroke. He pioneered rubber tires on machines the electric wheel bulldozer and the two wheeled tractor unit, transforming the industry.
The U S Department of Labor approved job training programs for more than 850 unemployed in San Francisco Oakland and Los Angeles. It will invest over 3 million in JOBS programs funded by the labor department and the National Alliance of Business. The plan targets 872 trainees in the Los Angeles area 152 in San Francisco and 18 in Oakland with positions in paper machine operation keypunch and computer work bank clerks millwork nursery school attendants and other skilled trades.
Washington AP reports looming push in Congress for changes to the oil depletion allowance as tax reform fuels debate. House Ways and Means faces mounting pressure from industry spokesmen and lawmakers to limit the rate while administration officials consider tightening collateral rules. A key study disputes the need for percentage depletion, warning that removal would barely affect reserve levels and could raise foreign oil dependence.
New York market drifted lower with oils and electrodes among the weakest gainers. Turnover was moderate as the Dow Jones Industrial Average fell 4.21 to 1333.22 amid 4 million shares traded and lag in Viet peace talks slowing demand. Natomas slid about 4 after recent gains, Texaco and Atlantic Richfield eased, while Texas Instruments and Honeywell dipped about 2.
Despite tighter credit, the mobile home market weathered the crunch with a 1 percent rise in sales in the first quarter of 1969 while private housing starts fell about 4 percent. The article notes the mobile home sector’s resilience and contrasts it with overall housing, citing industry observers and the broader credit squeeze.
Obituaries for Jud Quit Raymond Bade and others from Castro Valley dated May and June. Services set at Faith Lutheran Church and Jess C Spencer Mortuary with visitation Tuesday. References to families Wray Bade and Cessellran and other local residents, church members, and community singers. funds requested to Faith Lutheran Organ Fund.
Transcontinental Galaxy Six buses fit beneath the wing of the Lockheed C-5A, the world’s largest airplane, during a Marietta, Georgia display. A 5 foot high tail fan jet emphasized the massive scale of the aircraft and payload.
Oakland AP reports George DeBonis who rose from furniture helper to president of the City of Paris department store died Saturday at age 2. A funeral is planned for Tuesday.
SAN LEANDRO The San Francisco office of Bache and Co members of the New York Stock Exchange will offer an investment forum on mutual funds at 7 gmt tomorrow at Macy's store in Bay Fair. The lecture by Amerlon Kirschenbaum will cover mutual fund advantages, buying shares, risks, and common pitfalls. No charge. Advanced registration suggested. Reservations by collecting call to Bache San Francisco, tel T0440.
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