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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 29, 1959
Page
4
Private contracts for the first five months of 1959 rose 16 percent to 4.6 billion, capturing 49 percent of total construction awards. Public construction slowed slightly, with 4.8 billion in awards for the first 24 weeks, down one percent from the prior May. Industrial contracts surged, signaling a potential broader building boom into 1959.
Fremont planners will review developer Jack Brooks 1034 unit subdivision at City Hall 8 pm today. The plan aims to fit about no feet of sideyards on each lot to gain land for two parks, and has been approved in principle by the planning commission.
Stocks rose modestly in early New York exchange with gains across industries. Leaders included Tal, Chrysler, American Motors, and U S Steel with several firms like Texas Instruments and General Mills advancing, while rails such as New York Central showed modest firming.
New York reporters note Wall Street’s debate over a summer rally as experts warn against assuming certainty. Firms like Walston and Co and J R Williston & Beane stress no magic mirror exists to predict moves and every investment carries speculative risk amid external factors such as government policy and labor demand.
A disrupted OCR page lists ships arriving at various ports and stock prices. Mentions include Hawaiian Trader from Honolulu, Akikawa Maru from Portlans, and other vessels. then a long list of unofficial stock prices and commodities with many typographical errors and scattered company names. The text also references exchanges and general market quotes without coherent narrative.
New York taxi firms increase diesel cabs to cut operating costs. Detroit firms have added ten diesel cabs since last December and aim for a 100 percent diesel fleet within three years. Diesels promise fuel and maintenance savings, with about 18 mpg versus 10 to 11 mpg for gasoline. higher upfront costs and noisier operation are noted drawbacks.
The rise of skid mounted portable service stations is reshaping oil marketing. More than 100 exist in the Southwest and Midwest with hundreds more planned. Investments range 5000 to 8000 dollars per unit, with newer designs embedding tanks in small buildings inside city limits.
Los Angeles officials and business leaders rally to monorail as solution to traffic and smog. International Monorail Ltd led by Lucien Chadenson promotes suspended systems with a 125 passenger demonstration unit in suburb Paris. Disney's Disneyland project spurred interest as Northrop and Lockheed eye U S licensing and rapid transit expansion.
Bank clearings reported for International San Francisco amount to 166,500,000 with Oakland at 13,529,069 and Berkeley debits 5,263,431 while Los Angeles debits 11,511. These figures reflect regional banking activity and financial movements in the market.
The article notes higher interest rates raise final construction and financing costs, with steel and labor costs up, while bidding and capacity shifts affect highway market activity. It forecasts a 1959 price trend and a continued uptick in project costs, driven by rates and contractor dynamics.
Readable weather note reports wide temperature readings across regions with mentions of forecasts and possible daily highs and lows. No clear dates or places. The fragment hints at regional climate update and general temperature trends without specific locales or numbers.
The report shows California held $24 billion in ordinary life policies and $1.7 billion in industrial policies at the start of 1959, with 6 million ordinary policies. New York led ordinary ownership, California second. total U S life insurance ownership reached $492.5 billion in 1958 with 267.2 million policies, averaging five per family, and California per family ownership at about $8100.
Local business record notes Frank Knowlton and Coe opening at 465 California Street, Oakland in 1924. The entry lists associated names and a 4232 Prineass or Saaphes address, reflecting early 20th century commerce in the area.
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