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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 30, 1959
Page
2
New York experts Ridolph L. Weissman and L. O. Hooper warn in Challenge magazine that a new generation of traders risks overconfidence as stock prices move beyond earnings, with volumes rising and broker loans up. They note a shift from blue chip to electronics and space stocks, yet say this market differs from 1929.
A fragmented list shows ships arriving and leaving from Hong Kong London Bremen Balim San Francisco and Yokohama with names such as Northern Clipper Santa Flavia and Kotoh Maru. Times and routes include Manila Honolulu Callao and Buenos Aires with several p.m. arrivals and departures.
Market overview notes gains overall with most groups showing fractional improvement. Kennecott Copper fell about 2 percent while Reynolds Metals slipped near a point. Continental Copper rose about 1 percent amid mixed activity in nonferrous sectors.
Investors Advisory Institute urges caution as market fluctuations favor selective buying. Standard & Poor's advises building cash reserves and careful selection, noting two avenues for purchases while avoiding overextension. Buying now should balance year term earnings prospects and dividend outlook with holding back proceeds for later investments.
A vintage advertisement claims “Many Wear FALSE TEETH” with little worry while eating and laughing. It promotes a pleasant powder bag for gums and teeth, promising a finer, more comfortable plate and a pasty taste that masks odor, sold at drug counters everywhere.
Agricultural advisor warns population growth could force loss of prime farmland in Alameda County. A state land inventory and coordinated planning are urged to safeguard future farm lands and prevent urban growth from eroding California’s top cauliflower and cucumber region. Newark and Union City show little farmland protection as development looms.
The Wells Fargo Bank seasonally adjusted SIIndex levelled off in May after rising through the first four months of the year. The Trindex reached 243 percent of the 1947-49 average in May, one point below the April record high of 244 percent, with May last year at 216 percent. In constant dollars the index stayed at April level, 203 percent of the 1947-49 average, versus 208 percent a year earlier.
San Leandro Optimist Club will screen The Conservation Story by Richfield DiCo at tomorrow's dinner meeting. The 7 30 p m gathering at La Casa Restaurant 4235 MacArthur Blvd will feature new president Cal Catagsi presiding.
The Hayward district administration will hold a meeting tomorrow at 11:30 a.m. in the district admin room. Supt. Jack Rees says the board will review personnel matters and approve contracts previously awarded.
Transit board to consider a proposed 1959-60 budget of 458 925 dollars with a possible carryover of funds. Directors will review engineering studies and voter district implications for the November final district decision. If approved the tax increase would be reduced to about 136 000 dollars.
The state recorded highs in the low 80s to mid 100s with a brief arid spike in the southern deserts. Los Angeles reached 84 while downtown San Francisco stood at 78. Skies were clear with some fog along the coast in spots.
A distorted report notes wage increases in the construction industry are slowing as unions push for vacation pay pensions and health welfare gains. It cites a rise in productivity efforts and deferred raises, with most settlements this year set for two years and only one four year agreement in Clarice.
The Alameda County Women Deputy Sheriff Reserves will meet at 8 p.m. tomorrow at the Alameda County office building on Winter Ave. Mes Harmon Gaad, Red Cross and Civil Defense representative, will discuss emergency mass feeding. Squads 5 and E will provide refreshments.
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