Phone refunds may bankrupt Pacific Telephone
An AP report from Los Angeles says Pacific Telephone and Telegraph Co faces bankruptcy after a state Supreme Court ruling blocked a rate increase and ordered $144 million in refunds. Officials warn of cash flow strain, potential AT&T loans, and the risk of bankruptcy, while experts downplay the danger given annual revenues over $1 billion and about 10 million telephones in use.
MENTIONED IN THIS ARTICLE
Los Angeles
Pacific, Telephone and ‘Telegraph Co
Saya
Supreme Court
Cout
Pacific Telephone
Public Utilities Commission
High Court
Arthur Y. Dun
American Telephone and Telegraph
At&t
Dunn
George Slaff
Federal Power Commission
Tegal Fletlow
Slaff
East Bay MUD budget shows 13.3 percent rise in costs
East Bay Municipal Utility District proposes a 13.3 percent budget increase driven by a $16 million capital program and higher operating costs. The $42,063,000 water system budget for the coming year includes major projects at Walnut Creek and San Pablo Dam, with no change to the 15 cent property tax rate. Final board approval set for June 27.
MENTIONED IN THIS ARTICLE
East Bay
Willly
Board of
Oakland
John 5. Harnett
Walnut Creek
San Pablo Dam
San Pablo Reservoir
Hammett
Ford strike: no talks scheduled amid health issues
Fort workers walk off the line in a dispute over safety standards at the For Motor Co plant. Management says no meeting has been scheduled as talks fail to begin. The plant is a key producer for the region, with health and safety concerns cited by both sides. Over‑the‑counter quotations are supplied by Dean Wither & Co of Hayward.
MENTIONED IN THIS ARTICLE
Milpetas
For Motor Co. Assembly
Taw
Ben Scheduied
Fort
Joseph Malacia
Dean Wither & Co
A St
Hayward
Wall Street McGovern to affect market
Wall Street analyst Dean Willer & Co suggests George McGovern presence may pause the stock market. An investment adviser notes a possible summer rally and predicts modest gains with stronger issues attracting trader focus as August and September odds tilt toward the incumbent.
MENTIONED IN THIS ARTICLE
New York
UPI
Dean Willer & Co
Sen
George
McGovern
Bret
White House
Farmers auction sets records at Vegetable Day in Houston
UPI reports a record 383 for a grand champion crate of corn at the Farmers Cooperative Marketing Association event in Houston. Total sales exceeded 28 000 dollars with corn from Hotter Roth of Spring, Texas, and weather concerns led to the weather committee firing by chairman John Nagy Jr.
MENTIONED IN THIS ARTICLE
Houston
UPI
Farmers Cooperative Marketing Association
Hotter Roth
Spring
Tex
John Nagy Jr
E. A Velbrecht
Natonal Weather Service Office
Bay Area housing demand eyed by builders chief
William Z Leonard of the Associated Mortgage Builders forecasts 590,090 Bay Area housing units demand over the next decade across nine counties San Francisco Oakland San Jose Napa-Sonoma Santa Rosa. He cites HUD projections and says 75 percent of 44,000 modest cost units should be subsidized by federal funds averaging 24,500 per unit, totaling about 4.25 billion, with rest split between sales rentals and mobile homes.
MENTIONED IN THIS ARTICLE
San Francisco Bay
William Z. Leonard
Associated Mone Builders
Greater
Mast Bay
Leunard
Department of Housing and Urban Development
Bay Area
San Francisco- Oakland Market
San Jose
Napa-Satang
Santa Rosa
Nercomes
Ano Mually
Thul
Leona
Atx
Leonard
Luonardi
Moniane Uniter
Wages and production growth slow from April to May
UPI reports slower growth in wages and salaries and a dip in the production rate from April to May. Federal Reserve and Commerce data show wages up $4 billion, factory output up 0.5 percent, and May personal income rising $4.8 billion.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Board
Commerce Department
U.S
Japan
Italia
Also Mentioned on This Page
EBMUD
Perdoria
Wodazi Business
LAS Palmas Investors
Tropic Coir
San Leandro
Califorals
Arthur
Hardy
Arhalla Oyne
San Francisco
California
Clifford A
Majersie
Geary Street
Francisco
Smil J
Farala
Francine
Michel
Franelsea
Canfornia
Aymond J. Morgan
Napa
Caifornia
Morga
Fairway Drive
Napa, California
Charles
Ruth
Cailiern Delve Premont
Mary Lau Ruth
Caultern Drive
Fremont
Tré
Fake Partnersl Nn
Charles J. Rim
Orig Ae
Wack G. Blue
Aey
xGeputy Clerdtsa
Saferion Court
State OF California
County OF
Alameda
Lxesen Rocht
Legal Hose Suferor Court
EAI Fonv
Sare Sé
Pietro Roc
BELEN
Haley, Tucker, Birchfield & Saitth
Ye St
P.O
Maynard
de Waller
Pietro Rocht
Wie
Helen Rochi
Haley
Tucker
Michfield
Alomeys
B Street
Raynard
FRANCIS J_ 3a
Tarrese
Maria Matarhese
Marta S
Califlonia
BER Hardy & Delucchi
Miasion
Calif
ERANGTS J_ MATARRESE
Maria Matarrese
Marta
Matarrese
Iret
Rei
Mission Rive
Beare Cantornia
SAS
Ean Express Sh Baidog Om Bark
Ameri Ag
Bank of Toryn
S$ Barres
Wall Street
Weght Investors’ Service Joos
Tha Élm
O'Neill
E. F. Hulton
Home Builders Chief
Sonally
Department
Magicube
Kodak
Model
Minolta
Polaroid
Tos
Minelia
Square Shooter
Tuade
Poloveld
Southland Mall
Lake
Perfest
Lyray
Aredt
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