Tax break fails to spur business
A government survey shows Nixon's multi billion dollar depreciation plan did not boost investment. Businesses expect capital spending to rise 27 percent to 81.8 billion this year, the smallest in a decade, with manufacturing down 4.2 percent while nonmanufacturing up 7.3 percent. The report notes a sluggish recovery three months after the proposal.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Tesh
Council of Economic Advisers
Commerce Department
Securities and Exchange Commission
SEC
West German central bank taps dollar market in Frankfurt
The Bundesbank offered dollars on the Frankfurt money market for the first time since the May crisis, selling at a rate below the market. Banks and importers used the offer for daily needs while speculators held off awaiting the mark’s movement. The move signals renewed Bundesbank activity in the market as the dollar floats after the 1963 crisis and subsequent revaluation events.
MENTIONED IN THIS ARTICLE
Frankfurt
UPI
Bundesbank
Fank
Kark Klasen
Changiny
Sandesbank
West Germany
Mayors Lobby urges action on jobless relief in Seattle visit
Seven mayors led by New York's John V. Lindsay pressed for a $4 billion public service employment bill in Congress. They urged President Nixon to release funds, citing urban joblessness and housing transit needs, after meeting six unemployed workers including ex Boeing engineers in Seattle hosted by Wes Uhl.
MENTIONED IN THIS ARTICLE
Seattle
UPI
Cies
U.S
New York
John V. Lindsay
House of Representatives
Nixon
Congress
Moon Landrieu
New Orleans
San Francisco
Joseuh Alista
Boeing Aircraft Co
Otter — Visiing
John Boggs
Phoenix
Wall Street charter outlook amid steel strike risk
Wall Street analysts express concern over a prolonged steel strike threatening the economic recovery and market confidence. They note the current decline appears to be digestion of gains rather than fundamental weakness, with some firms predicting a possible leveling of averages in the next three to four weeks while bulls still hold overall balance.
MENTIONED IN THIS ARTICLE
New York
UPI
Spear
TPO Inc
TPO
Optimistic outlook for California home building sector
John M. Osmundsen of Contra Costa County says the California home building industry shows a steady rise in new housing units since a 1966 low of 99 336 and should continue into next year. He spoke at the Pacific Coast Builders Conference in San Francisco where federal Mavsing Association commissioner Eugene A. Colledge will address delegates. Kenneth J. Bourguignon of Encino was elected president at the California Builders Council board meeting to succeed Osmundsen.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
California Raiders Council
John M. Osmundsen
Contra Costa County
Osmundsen
Federal
Mavsing Association
Fugene A. Colledge
California Builders Council
Kenneth J. Bourguignon
Encino
Standby fare extension eyed
American Airlines seeks to extend youth standby fares to Puerta Tea and U S Virgin Islands. Application to the Civil Aeronautics Board would make the extension effective June 15 with a San Francisco to San Juan youth fare of 143 dollars round trip. SEC censures Competitive Capital Corp San Francisco and suspends two officers for 9 days over 1969 unregistered offering.
MENTIONED IN THIS ARTICLE
San Francisco
APT
American Airlines
Puerta Tea
U.S. Virgin Islands
Cvil Aeronautics Board
San Juan
Washington
UPN
Securities and Exchange Commission
Competitive Capital Corp
Richard &. Boesel
Hobert K. Sprinkel
Comtitive Associates
asSe Fund
Effectlyn
Bright Lights of Show Business Explore Global Lighting Trends
Kathleen Klay attends Lighting 2000 a World Colloquie on Theatre Television and Film Lighting in New York. About 200 participants hear international experts discuss worldwide advancements in entertainment lighting. Sponsored by the Illuminating Engineers Society, a major professional group setting lighting standards across US Canada and Mexico.
MENTIONED IN THIS ARTICLE
Kathleen Klay
New York
Miss Klay
Mluminating Engineers Society
Canada
Mexico
Stocks firm in moderately active trading
In New York trading, stocks held a firmer tone as investors cited oversold conditions, easing rate fears, and optimism on corporate profits. The Dow rose about 4.5 points near noon, with the S&P 500 up 0.13 to 100.03, and advances leading declines by more than 250 issues.
MENTIONED IN THIS ARTICLE
New York
APT
Koon Loilay
Ewmarket
Dow Jones
Standard & Poor
Inex
Beaniff A
Obituary notices from South County area
Obituaries list multiple local residents with ages and birth deaths. BERTA LEIGH CASTLE 24 Castro Valley died May 2 private services held. JOHN P. CLARK Hayward Ai died June 1 private morning services. GAYLE HUNT CUNNINGHAM 50 Fremont died May 29 services tomorrow. VERA M. HILL 81 San Leandro died May 31 services tomorrow at 1 p.m. FIRST METHODIST CHURCH. THOMAS ALWYN AL SILVA 28 Fremont died May 4 services tomorrow 11 a.m. at Fremont Chapel of the Roses. Rosary tonight. arrangements by Santos Robbins Mortuary. Elizabeth Grace Clare eight in California. services set. Funeral notices include Oakwood Cemetery and private memorials with church services in Hayward and Fremont.
MENTIONED IN THIS ARTICLE
Berta Leigh Castle
Castro Valley
Chapel of the Valley
Laky Chabot Road
John P. Clark
Hayward
Pratts Flier
St. Hayward
Vera M. Hill
San Leamiro
First Methodist Church
Rarcraft Ave
San Leandro
Thomas Alwyn
al) Silva
Fremont
Fremont Chapel of the Roses
Peralta Blvd
Mortuary
Case
Tro Valley
Tareph
Alama Leyla Clarks
Elizabeth Grace Clare
Naliva
Caillaumla
Garden
Gilboer Christan
Heyward
Tournmeat AN
Oaklord
Concorde jets into Paris Air Show test flight
At the Paris Air Show the Anglo French Concorde SST demonstrates regular jet travel pace yet without the usual subsonic speed drag. Passengers report a routine cabin feel as Mach 2 speeds and 30 minute flight tests show the aircraft slicing through sound barrier with minimal vibration. Pilot Cranch notes the test aims to show SST travel can be ordinary compared with standard airliners.
MENTIONED IN THIS ARTICLE
Paris
le Bourget
Also Mentioned on This Page
Lobby
Kenneth Gibson
Newark
Roman Gribbs
Detroit
Wes Uhlmainz
Mayors’ Lobby
Legislative Action Committee
US Conference of Mayors
Wall Street Charter
Dines Fetter
Oak Brook
Network Data Processing Corp
Cedar Rapids
Awa
Wrisley
Louisville & Nashville Railroad
American Research & Development
Digital Equipment
du Pont
Eastman Kodak
Superior Ui
VAL Inc
Flying ‘Tiger
McLonnell Douglas
Litton
Matorola
South County
Santos-Robt-insan Morticay
Estudido Ave
Feat Pranchi
Tlear
Cranch
Teanehi
Arackan Eiprest Sas
aAnome
User Busch
Arden
Mayet
Bank of Aluecka i Ate
Cal West States
Ae Ee Cycttron Corp
Ite
Oben Viet Ininke E Baa Int Corp
Kaley Steet el
Redrer
S.F.C
Ats
Farapax
Bilas
Iri
Fim
Compar
New York Stock Exchange
Dean Witter & Co
J. Barth
Dean Witter
Dean Witter & Co. Incorporated
Berkeley
Shapneck Avenue
Oakland
Steet
The
Dange, Inc
Locuse Street