16 Mar 1962
Page 1
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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Mar 16, 1962
Page
1
Occasional light rain is seen tonight and tomorrow across the area with slight temperature changes. Tonight's low temperature likely in the upper range with southerly winds around 10 to 20 miles per hour.
A statewide forecast shows showers through Saturday with varying temperatures across California. Northern areas remain cloudy with snow in mountains, while coastal and valley regions expect showers and cooler nights. winds from the south at 10 to 20 mph, with gusts and small craft advisories along the coast and in northern waters.
The SEC announced a broad audit of 5750 brokerage firms examining 300 stocks to map the size and activity of the over the counter market. The questionnaire seeks details on share volume price changes and broker markups while protecting customer identities.
Weather notes show sunrise at 6 20 and sunset at 6 10 while SEC inquiries probe accuracy of federal form submissions and details on 83 inactive stocks. Brokers must disclose trading volumes margins and markups from January to February and report OTC loan totals as of Jan 31.
Washington AP reports the American Red Cross will spend about 306000 dollars to aid victims of last week's East Coast storm. The funds cover emergency and long term assistance, including rehabilitation grants. Over 4900 property-losers are expected to receive aid, with additional 577000 dollars earmarked for recovery efforts in Kentucky West Virginia Ohio and Indiana.
The Daily Review, Hayward, California, lists offices in Hayward San Leandro and Fremont. Subscription rates shown include 10 cents per copy on weekdays and 36 cents Sundays, with monthly options. The notice provides publisher and staff names and office locations.
A California State Automobile Association ski report notes good skiing in the Sierra Nevada with varied snow depths across passes. Chains are required on some routes while others are passable without chains, and several mountain highways report snow flurries and advisories reflecting limited visibility and winter weather impacts.
Castro Valley appoints Richard G. Bigelow as election chief with Carl Hug Valley ventor as a campaign manager. Bigelow, longtime Castro Valley resident since 1955, has chaired the Castro Valley Rotary and the Chamber of Commerce and serves on the Southern Alameda County board of supervisors tax committee chairman.
AP reports federal indictments target Gus Hall and Benjamin Davis, longtime Communist leaders, with arrests at the American Communist party headquarters in Chelsea. They face possible prison terms up to 15 years and $10,000 fines if convicted. The government argues the party is outlawed, while defenders say the actions infringe free speech and association rights. The case follows grand jury indictments in Washington and sets hearings for next week.
Maj. Dana R. Backus of the California National Guard resigned without prejudice as investigators pursue an espionage probe. Gen. Roderic Hill said Backus admitted meeting Helen Wysong and aiding the Minutemen, while denying criminal intent but acknowledging questionable actions. The guard inspector general will continue the inquiry into counter intelligence activities within the Reserve.
San Marino reports John Budd Long known as Johnny Long died in his sleep at 68 after 34 years as general manager of the California Newspaper Publishers Association and founder of National Newspaper Week. He was honored at the Coronado CNPA convention for his service to California journalism and planned to present the John B. Lang Award in Incheon today. Long championed freedom of information and fought to protect sources and open government meetings to press coverage.
President Kennedy will speak in New Orleans on May 4, the White House announced. A day earlier Rep. Hale Boggs of Louisiana indicated Kennedy would deliver a major foreign policy address in New Orleans, outlining key global issues.
Windsy March 16 marks the 75th day of 1962 with 290 to follow. The moon nears full, morning star Saturn, evening star Venus. Notable events include James Madison born 1787 in Port Conway Virginia. Hawthorne The Scarlet Letter published 1850. oleomargarine tax repealed 1950. Khrushchev on Nasser 1959. A Hawthorne quote closes.
SACRAMENTO RP The Assembly Ways and Means Committee under Democratic control rejected budget cuts proposed by Assemblyman John A Busterud Republican of San Francisco The proposals targeted UC budget 280000 state treasurer 2500 and corporation commissioner 137800 despite backing from Legislative Analyst A Alan Puss Speaker Jesse M Unruh assigned Busterud to the budget screening panel amid protests
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