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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Mar 22, 1963
Page
11
Washington reports optimism in housing despite mixed signals from federal policy. Early indicators suggest a continued rise in home construction, with February activity up from January and above February 1962 levels, though some slowdown is possible as FHA and VA financing patterns shift.
New York trading chatter notes near term predictions amid uncertain investor sentiment. Analysts from Thomson McKinnon foresee a continuing bull pattern but warn of potential declines and volatility.
San Francisco Industrialist Edgar F. Kaiser says mutual labor accords should be crisis free and long range. He cites Kaiser Steel’s four year plan to share savings with workers, with a job pool reserve and guaranteed pay during reassignments. He notes 70 percent approval and expects 8 percent attrition to cover reductions.
Investment funds and securities listings show bids, asks, and holdings across institutions such as Morton, Te eee, and UBS. The page catalogues fund names, prices, net assets, and positions with numerous tickers, indices, and market markers, including banks and investment houses.
Crown Zélierbach Corporation plans to nominate C M Piggott executive vice president at Pacific Car and Foundry Seville and William M Roth chairman of the board of Pacific National Life Assurance San Francisco for election at the annual meeting on April 2. The nominees would replace G B Towne and King Wilkin but would not change the number of directors.
After fifty years as a director of Crown Zellerbach and predecessors, W. Awan requests not to stand for re election at the forthcoming annual meeting. He is noted for ties to Crown Witamette Panel, and associations with founders William P. Johnson and Louis Bloch. He holds directorships at Crockett Anglo Bank Mandrel Industries and Athenemy Publishers. The vote is scheduled for April 25.
Los Angeles scientists at the University of Southern Ole will study about a dozen rabbits living in cages between the Hollywood Freeway inbound and outbound lanes. The project aims to compare exhaust polluted air with clean air as part of a smog impact study, with a larger population planned by May.
Actor Joel McCrea sold 1,000 acres of ranch land near Moorpark to a developer for about 3 million dollars. Developer Joseph Loguett of Sherman Oaks plans to build 1,500 homes and other buildings worth 50 million on the site, while McCrea retains 651 acres. The sale dates to 1932 when McCrea says he acted on advice from the late W. Rogers.
New York stock prices showed a steady to mixed session in moderately active trading. Airlines rose as a group while some metals and large issues moved modestly. The Associated Press average remained at 236.5 for the day as volume topped a million shares with some notable gains and losses across sectors.
New York based Chrysler Corporation emphasizes strict financial control across all levels to achieve ongoing stability. President Lyon A Townsend cites 1963 earnings of 65.4 million on 2.4 billion in sales and notes a record fourth quarter in 1962 with 90.2 million on 836 million in sales. Key phases include financial center, product branding, and aggressive reinvestment of earnings.
A long, technical example explains selling against the box to defer taxes and lock in losses. It details short selling, covering after 30–40 days, and the resulting tax treatment, noting a Seventh Circuit ruling approving the method despite prior limits and IRS stance.
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