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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
May 21, 1968
Page
4
New York AP says travel agencies report better or similar ticket sales versus last year despite Johnson proposals to curb sales. The rebound comes as Americans resume travel after a slower start during the three months prior. An agency executive stated business is not disappointing and expectations remain hopeful.
In San Leandro the Merchants Association held a luncheon at 1400 East 14th Street where Josephine Arria of American International Travel Service previewed a superior mock-up for an identification program. David Hough outlined Flea Market preparations with 85 stalls and a June 15 dinner for resigned renewal official Mel Poer. A proposed tax on travel expenditures above 37 a day outside the Western Hemisphere was discussed as House approval nears Senate action.
Martinez AP reports the State Harbors and Watercraft Commission approved a $75,000 loan to finance berth construction at Pittsburg Marina. The panel rejected a plan for a small boat launching facility at Gorge Lake Modor County.
Dave Dulgois announces a major expansion at 604 A St Hayward after removing a wall to join an adjoining office. The move more than doubles the showroom and service center, aiming to handle growth and improve operations. Richard Olivia Jeff DuBois serves as service manager.
SAN FRANCISCO UPI The American Motors chief urged fixing priorities to balance a broad agenda. Chapin said the firm must decide which programs to fund and how to allocate resources, forecasting sales around $260 million for the current quarter and noting AMC lost over $75 million last year. He also addressed the National Association of Purchasing Agents about reframing the group as an expanded purchasing management body.
New York report notes scheduled hikes in key borrowing costs as investors watch market cues. Officials indicate rate adjustments aim to temper inflation while signaling confidence in the economy.
New York AP report notes the Dow Jones and broader market firming at noon after a cautious open. Trading was active with advances slightly outpacing declines, aided by large block trades. Analysts cited profit taking and technical factors as markets fluctuated through the day.
The New York Stock Exchange at 1 P.M. quotations show higher interest costs for corporate and municipal borrowers. The rise follows a Hauey decision impacting financing markets this week.
Postponement by representatives to act on a tax hike fuels concern over inflation and a cooling economy. The piece notes high rates, mortgage rises, and planned public works in water and city expansion, with corporate and municipal bond activity and government financing pressures.
A man resigns a 17000 dollar a year job to join Dean Witter. The firm highlights tough entry standards for its Account Executive training program and heavy investment in training, research, and electronic equipment. It invites readers to contact the nearest office for an appointment with no cost or obligation.
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