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Daily Review in Hayward, California

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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

May 07, 1958

Page

7

Stock Market Action Peppy With New Rise

New York AP reports stocks holding a firm tone with active turnover early. Rohm & Haas rose sharply, other leaders like Otis Elevator Union Twist Drill and Republic Aviation gained, while Mengel fell. Motors eased slightly and oils were mixed with few sizable losses.

New York Rohm & Haas Otis Elevator Union Food Machinery Addressograph American Hawaiian Steamship Republic Aviation Mengel Havey

California Weather Report Mixed Coastal Rain Forecast

A statewide weather summary notes rain near the Oregon border spreading along the coast to San Francisco by Thursday. Northern California should stay mostly fair, with night and morning overcast on the coast. Tuesday was warmer than Monday in the Bay Area and adjacent valleys, with highs in the 60s to near 80 in interior deserts and lows 48 to 38.

San Francisco California Oregon Coas San Francisco Bay Area

Foreign competition worries U.S. businessmen say Blough

UPI reports that American executives fear foreign rivals with lower living costs can undersell U.S. firms, risking higher unemployment. Roger M. Blough, United States Steel chairman, urges productivity gains to raise living standards while acknowledging wage gaps. Barron’s notes European competition hits autos and machinery, with inflation and foreign loans shifting away from the U.S. and Western industry faces global pressure.

New York Roger M. Blough United States Steel Corp Jean U. S. Steel Brough U.S Barron's United States al Cars Nugless Britain World Bank Barrow-Islers Alexander Hamilton Institute Soviet Bloc

Founders Savings Resources Climb

Founders Savings & Loan Hayward posted a 39 percent gain in resources for the 12 month period ending. Neill Davis, executive vice president of the California Savings and Loan League, said local assets now total 4,828,707 dollars, up 3,253,425 since March 31, 1957. Davis noted California savings associations total more than 6 billion dollars.

Founders Savings & Loan Hayward Neill Davis California [Savings and Loan League California Savings Associations Davis

Stock Market Figures and Political Clash Report

The page blends stock quotations with a political confrontation as Gov. Goodwin Knight assails Rep. Engle over Colorado River water rights in a California primary race. It lists over the counter prices, major industrials, and a dense roster of companies, funds, and utilities, signaling market activity alongside campaign rhetoric.

Sutry Gb Marns S- Steel Omacsders New York San Francisco Stinghouse Electric Youngstown Sheet & Tube Hewyors SHORE Pacific Coast Liston Pasadena Clair Engle Iti Mass Wand Gites California Trust American Trust American Marietta Ampex Corp Columbia Broadcasting Continental Goring Glass Zellerbach Crucible Steel Dresser Industries DuPont Eastman Ko Eastern Airlines Ford Motor General General Motors General Tire Getty Glen C. Martin Int Business Machines Portland General Electric Trinidad Pete Dev U. S. Life Insurance Varian Assoc Middle South Minn Mining & Miss Montgomery Ward Nat'l Cash ‘Register New York Shipbuilding North American Aviation Northern Pacific Oltn Mathles Pacific Gas & Electric Pilzer Phillips_Petroleums Radio Corp Republic Steel Reynolds Metals — Co DOW Jones Sutroy Co Hayward Standard Oil of New Jr Sunray Mid-Continent Oil Tens Gas Trans Texas Instruments Tidewater Transameric Union Oil of

Rebel Arms Offer Bared to Indonesia Rebels

San Francisco wholesale firm American Sales Company disclosed an offer to sell 50,000 Italian army rifles and 5,000,000 rounds of ammunition to Indonesian insurgents. Joseph Hirsh said there was some response but could not fill orders, while his nephew questioned if the sale would be a good thing. The guns, semi automatic, date from Mussolini era and were abandoned by the Italian Army. The report ties this to broader political debates on California water rights and state policy.

San Francisco Indonesia Joseph Hirsh American Sales Company Robert Hirsch New York Italy Benito Mussolini

Dow Jones Stock Averages and Trading Summary

New York reports opening and closing ranges for the Dow Jones averages with sector breakdowns for Industrials Railroads Utilities and Stocks. It notes total yesterday’s stock and bond sales on the New York and American exchanges plus 1,171 issues traded with 587 advances, 262 unchanged.

New York INS Jones American Exchange New York Stock Exchange

Bank clearings by city show large totals

San Francisco 3106,500,000 Oakland 12,055,105 Los Angeles debits 250,788,374. Totals reflect clearings across major California centers with San Francisco leading in volume.

San Francisco Oakland Los Angeles

Ship Report DUE TO ARRIVE SAN FRANCISCO Thursday May 4

A mixed list of ships due to arrive and sail for San Francisco and other ports. Entries include GBléite 60 from Hawaiian Retines to Honolulu, Patagonia from Negaott Lee, Victory from Tamio, Gavelier 4 la Salle from Seattle, Massmar from Baltimore, Yokohama bound ships, and others such as Lurline from Honolulu and Prag from New York. Several vessels are noted with tentative dates May 9 and May 10 and destinations including Portland San Francisco and Valparaiso with various transport lines and names like Mormacsuri and Pres. Polk.

San Francisco San Jose Gbléite Hawaiian Retines Honolulu Patagonia Negaott Lee Joe Mandeville New BE W. H. Peabody Prisadshia James Victory Tamio Boe Ala Gavelier la Salle Seattle Massmar Baltimore Yar Heel Mariner Yokohama Portland Star Portland Mormacsuri Rio’ de Janeiro Lurline Prag Pierce New York Pres Polk Union Star Keystone, Mariner Los Angeles

Tax Fight Plotted By L A County Tax Fight Plotted By L A County

Los Angeles County filed to stop recovery of taxes paid on two homes tied to Rev James J W Fifield Jr. Suits filed by Fifield Manor and Fifield Manor Wilshire seek $44 963 52 and $398 993 77 arguing the properties operate as non profit under California law.

Los Angeles INL County of James J W. Fifield Superior Fifield Manor Wilshire California

Bombs Wipe Out Four State Cities In Exercise

In a nationwide Operation Alert 1958 drill San Francisco Los Angeles San Diego and Sacramento were listed as wiped out by imaginary bombers. California towns joined a nationwide exercise rehearsing refugee handling and plans to check radioactive fallout.

San Francisco Los Angeles San Diego Sacramento U.S California

Foghorns Considered To Replace Fire Alarms In Pittboro

Pittsboro town council weighs foghorn alarms to replace the current siren system. Two horns are installed for test as volunteers note that ambulance and police sirens blend with the current alert. Mayor W Lea Powell supports the change after a personal failed alarm left him to fight a blaze at home.

Pittsboro N.C W. Lea. Powell

Horse Claims Congress Pal

Rep Joel T Broyhill VA asks Army to retire Tony the Army's oldest living horse stationed at Fort Myer VA after 18 years service amid economy talk He pledges to push retirement funding in an Armed Forces supply bill noting the horse's gallant service and government ingratitude.

Washington Tony Army Congress Joel T. Broyhill R-Va Val Ft. Myer Broyhill A. T.mcnamara Army Quartermaster 'S

Also Mentioned on This Page

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