Quiet Revolution in Market Buying Changes in Ownership
The New York Stock Exchange reports a quiet economic shift as 12.49 million Americans own stock, far above prior estimates. Ownership spans insurance, pensions, homes, and government bonds, with New York, Chicago, and other cities driving growth toward 20,000,000 stockholders by 1962 if trends continue.
MENTIONED IN THIS ARTICLE
YORK
UPI
Fuston
New York Stock Exchange
America
the Stock Exchange
Wall Street
Courier
Tal
Pittsburgh
Wash
New York
Chicington
Stoc
Light Activity Highlights NY Stock Market
NY stocks opened with light activity as turnover reached about 480 000 shares in the first hour. Few issues moved, with American Telephone and Telegraph rising up to 15 percent while DuPont inched up 1 percent and Dow steel names fluctuated. Western Maryland gained, Panhandle Eastern Gas Line posted a firm advance, and other rails and utilities were largely unchanged.
MENTIONED IN THIS ARTICLE
New York
UPI
Uolume
American Telephone& ‘Telegraph
DuPont
Youngstown Sheet & Tube
Lukens
American Motors
Qenith
Trelfman
Chex
American Mome
Maryland
Panhandle
Wall St Chatter on Mutual Funds and Market Recovery
UPI reports analysts see corrections boosting mutual fund buying and a market recovery. L. C. Hooper notes mid-summer strength potential, Moody's cites selective opportunities, and Martin Gilbert cites latent buying power. Santos Chemical’s 1930 prospects are pegged near 2.75 per share by Bache & Co amid shifting yields.
MENTIONED IN THIS ARTICLE
New York
UPI
L. C. Hooper
W. E. Hulton & Co
Martin
Gilbert
van Alstyne,Noel& Ca
Porterville Youth Hurt In Torpedo Type Explosion
A Porterville youth, about 12 years old, was injured in a torpedo type explosion, with the incident occurring while at a hospital. Details remain unclear as the report is fragmented and ongoing. Authorities include local responders and PORTERVILLE officials investigating the blast.
MENTIONED IN THIS ARTICLE
Porterville
Diesel Buses Try Odor Masking Chem in Cleveland
An odor masking chemical is being added to diesel fuel used by Cleveland city buses to reduce exhaust fumes and eye irritation. Tests started in April after complaints from nearby residents. Cleveland is the first U S city to trial the chemical with other cities considering similar approaches.
MENTIONED IN THIS ARTICLE
New ‘York
Cleveland
Automotive and Chemical
Compani
U. S
Edmonton
Canada
Philadelphia
Daily Review Wins Honor In Contest
The California Newspaper Advertising Executives Assn. again honored The Daily Review in a state wide competition. The second place award for best advertising layout went to Massa's Dent Store Hayward with layouts and copy by Mrs Barbara Owen. A third place award for best retail food ads went to Foodville Market Hayward designed by Ernest Bicknell.
MENTIONED IN THIS ARTICLE
Barbara Owen
Daily Review
California
Advertising Hixecutives Assn
Owen
Naville Massa
Massa
Thew
Ernesti Bicknell
Bil Schmahl
Foodville Market
Hayward
S. Assn
California Newspaper Advertising Executives Assn
The
Dent
Ernest Bicknell
Briton Fined and Placed on Probation for Auto Thefts
Frederick J. Moss of Stafford on Avon England was fined $140 and given three years probation after being implicated in stealing more than 20 cars over the past year. The case was reported by UPI.
MENTIONED IN THIS ARTICLE
Staaford Onavon
Engand
UPI
Frederick J.moss
Rising Labor Costs Push Factory Maintenance Higher
New York reports rising labor costs fueling factory maintenance increases as business activity grows. The Factory magazine index shows May at 174.7, up 0.5 from April, with materials largely flat and only six of 39 items higher than March. Wages across all maintenance labor categories rose in April, while unemployment fell to 3.6 million, about 1.5 million fewer jobless than a year ago, signaling tighter labor markets and potential wage pressures ahead.
MENTIONED IN THIS ARTICLE
New York
Factory Magazine
U S Population Passes 177 Million
Washington reports that the Commerce Department clock at the building posts the U S population at 177 million. The estimate updates at 3 11 p m Tuesday with an increase of one person every 11 seconds.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
U.S
Toy Bank Thief Gets Life Term
Chicago man John D. Harris, 27, was sentenced to life imprisonment Tuesday for stealing a child’s piggy bank. It was Harris’s third conviction and his 27th arrest, with the life term mandatory under the Babitial Criminal Act.
MENTIONED IN THIS ARTICLE
Chicago
John D. Harris
Harris
May Tops Month For State General Fund
SACRAMENTO The month of May was the best month of the 1988 89 decal year for the General Fund. State Controller Cranston reported today that May revenues totaled 70 837 391 against expenditures of 93 458 310. The surplus allowed repayment of 27 million to the Architecture Revolving Fund on May 1 and left a cash balance of 54 074 204. Cranston warned that June will shrink the balance. Expenditures for the current year ending June 30 still exceed revenues by 335 286 511. For July through May expenditures rose 8 441 34 we are missing text. revenues rose 1 413 741 920. The income side was helped by reserves transfers including 5 million from the Rainy Day Fund at year start. Compared with last year, expenditures up 84 249 733 or 7 9 percent while revenues up 54 960 070 or 5 2 percent. Sales tax accounts for 615 222 987 of revenues, personal income tax for 148 750 026. sales tax up 25 242 570 or 4 25 percent, personal income tax up 5 870 382 or 4 01 percent.
MENTIONED IN THIS ARTICLE
Architecture Revolving Fund
Cranston
Cranstonn
Statewide California Weather Update Day Ahead
United Presa International Fair weather continues across California with high cloudiness in the north and light fog along the coast. Temperatures include Fresno 86 Bakersfield 71 San Francisco 62 Sacramento 85 Salinas 70 and Paso Robles 79. A Pacific high pressure system extends from the coast into the Pacific expected to keep fair skies through Thursday and likely longer, with some warmer interior conditions and local fog along the north coast.
MENTIONED IN THIS ARTICLE
California
San Joaquin Valley
Fresno
Bakersfield
San Francisco
Sacramento
Salinas
Pas Robles
Tos Angelés
Burbank
Pacific
Metreme
Bosses' Lack of Know How Hurts Small Firms
Los Angeles analysis finds more than half of new small businesses fail within five years due to owner lacking management know how. Dr. Joseph Schubacker of UC Extension says small bosses must handle finance production sales and personnel without external advisers. Main issues: need for more capital, finding help, restraining rising operating costs, and trouble keeping a broad view of the economy and latest management developments.
MENTIONED IN THIS ARTICLE
Los Angeles
Fromm Dr
Joseph
Schubacker
University of California Business
National Council For Small Busines
32 Injured In Overturned Farm Labor Bus
Thirty two persons received minor injuries when a canvas topped labor bus overturned six miles west of Stockton on Highway 99. Highway patrol speculated a flat tire may have caused the crash. No other vehicles were involved. All injured were taken to San Joaquin General Hospital. Owner driver Robin Graffigna of Lodi Rancher was not involved.
MENTIONED IN THIS ARTICLE
Stockton
UPS
Sam
San Joaquin General Hospital
Robnn Graffigna
Lodi Tancher
Bank Clearings San Francisco Report Snapshot
Bank of America and Security First show notable clearings in San Francisco. American Trust, BAAS, Crooke Angio SG and First Western report varied figures, with specific transaction codes 6288 285q and 45 M 48RL noted in the market update.
MENTIONED IN THIS ARTICLE
San Francisco
Bank of America
American Trust
Also Mentioned on This Page
Wall ST. Chatter
Moody’s
Msanto Chemical
Bache & Co
Arthur Wiesenbergue & Co
Ship Report
Srafetay
Mariposa
Sane
Glockton Vine
Eiwa Maru
Daniel I Rutan
Naha
Ort
Maxon Lawal
Santa Cruz
Fortland
Henajula
Sutra Asem BI Hillins Betraleum
Pres Hooper
Vakotamnathers
Sanancitea
Polarot
Honoluli
Tammy
Oak
Republic Steel
Stork
Reynolds
Joebuck
Aris
Brett
Transpork Smith-Corona
Alaconda
Socony
Mobil
Rom Hangary
Southern
Hawalten Nizen
Corp.ey
Baton
Oil DE CI Cuba Mare
Anerden
Venaventura
Brazil Maru
X Bue Efos
Apa Preumalic
Westinghouse
Se Italve
Gentchrysler Arb
Youngstown Sheet Beri — Aformechin
Yoxstiama
Saa Iz
American A Pte
Ventura
A.m
Aydriey Tagt
Scounnia Broadcasting
Stock Exchange
iGontinental
Fohhser
P.m
Okahama Stecktor
Partf
Efectre Judad de Hegata
Buena- Cron Am Weilerbach
Seannatan Marcon Ventura
Eee
Ala
Crucible Steel
Henalule
Acapil
Asiian Kodak
Vslerny Airlines
Pakebis
Gamera Enecak Vransistar
Clark
Armerican Ine Poe
Zelyouth
Sidarian
Bank
Ameri
Ora Holdings
McCullouy
Capontties
Elreman
Groilers
de Ne Et Fiest Western Bank
Foultry
Siac Koehring Corp
Sloyen
Mathie Fairway
Niagara Ya NY
Ermanente
Thomas
DiFranco
Phillins
Senaeu
Tbs
Sebvet
Hyde Park
Rouce
Gary Wieon
EL Cortez Hotel
Starllent
Garace
Hoare
Teh
San Diego
Toy Bank
State General Fund
General Fund
Alan Cr.ston
Tune
Ross -Kinney
MacArthur Blvd
S.L. Lockwaven
Alameda County
San Leandro
Pleasanton - Niles
United Press International
Albuquenque A
Avanta
Atre
Boston
Brownsville
Denver
Detroit
Fairbanks
Fort’ Worth Minee Freand
Helena
Kansas City
Tos Angeles
Miami
Minneapolis
New Orleans
Oakland
Oklahbmna City
Red Bluff
Reno
Sacramento Saline City
San
Seattle
Spokane
Thermal
Kemper
Patic Iva MedIch
Pere Pou
Hayward Insurance
Mart Wemdell
Simefe Lytaraoes Cidege
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