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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 09, 1959
Page
2
A United States press analysis argues air cargo will surpass passenger revenue within a decade as airlines push for redesigned cargo planes and improved packing. Experts say current fleets are inefficient. advocates call for high wing designs, dual end cargo doors, and removable floor sections to speed loading and cut costs.
A partial ship list shows vessels arriving from Yokohama and other ports including Peruvian, Californian, and Australian origin. Entries mention ships such as Golden Mariner Troubadour and others with origins listed as Yokohama, Honolulu, Los Angeles, and Brisbane with dates around June and references to freight like coal and steel.
The Alcatres Beacon, the state’s first lighthouse, was built on Meptrag Inland in 1855 guiding ships along the coast and marking a milestone in maritime safety.
Stocks were mixed with declines in Goodyear and American Tobacco while steel and electronics led gains. US Steel rose, Motorola jumped, autos stayed firm, and chemicals rose. Union Carbide slipped, Reynolds Metals fell, and International Paper dropped amid a broad mixed market.
The Maynard Chamber of Commerce Haydays sales promotion, featuring a needle loaded haystack, is set for July 16 17 and 18. A Daily Review mis-stated the month as June. Participants dip needles in a solution to win a prize if the needle lands on the writer’s face.
Wall Street chatter says variable annuities offer a new lease on life for markets as legislation in New Jersey may allow insurers to market these contracts. Standard & Poor's notes the potential to attract institutional investors, with stocks and high-grade issues drawing buying power. Olin Mathieson Chemical may earn $38 a share this year versus $2.52 in 1958, while Exxon Mobil and DuPont see higher prospects, signaling a shift toward variable annuities and stronger earnings outlooks.
UPI notes a shift as investors move from wary views of bonds to considering them for income and safety. High grade bonds yield around 4 percent plus, with some government and municipal issues reaching higher returns while common stocks offer growth but lag in income. Experts warn stock gains can overstate future prospects, while inflation hedges vary across sectors, including utilities showing mixed performance based on yield versus growth.
Los Angeles report on Dee Dudley F. Pegrum UC Los Angeles economics professor and author of Public Relations of Business arguing business leaders and special interest groups threaten private industry by shirking full responsibility. He urges moral leadership, lawful reform, and proactive cooperation to address unemployment monopoly abuse natural resource waste and foreign competition.
Robert H. Churchill, a 33 year veteran of the dry cleaning trade, named manager of the Bay Fair Shopping Center dry cleaning and laundry shop. New one day shift service and hours 7 a.m. to 6:23 p.m. daily, extended to 9 p.m. Fridays. Mr. and Mrs. Churchill reside at 222 Florida Ave San Lorenzo.
Washington reports that Soviet planners push automatic controls to raise productivity by 45 percent by 1963. They claim such controls can boost blast furnace output seven to ten percent, and use an efficiency factor equating 16.6 rubles of controls to 100 rubles spent on a new furnace, masking true gains and risks.
Statewide forecast shows mainly fair conditions with cooler NE winds along the coast. Northern extremes may see clouds and showers, Eureka reporting 0.08 inches, Crescent City wind advisories, small craft warnings from Point Arena to Point Conception, temperatures from 62 to 101, lows around 44 to near 50.
A brief report notes varied temperature readings across Southern Alameda County with notable highs and lows, reflecting regional weather patterns and differing local conditions.
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