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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
May 22, 1964
Page
8
Investors track midday activity at the New York Stock Exchange with broker updates and fund quotes. The report, sourced from the National Association of Securities Dealers, captures current prices and market movements.
Stocks drifted with moderates gains for some industrials while others slipped. Major movers included Dow components and blue chips with highs near session peaks, as traders weighed earnings, petroleum names, and financials amid a broad market pause before weekend trading.
The board of zoning adjustments recommended approval last night of a variance to permit completion of a three story apartment building at the site on Have Street in San Leandro California. The decision clears the way for construction of the 1600 Have Street project pending final permits and conditions set by the city planning department.
San Francisco AP reports Love Farr, longtime leader at Mission Bank, died unexpectedly. He served as president of the California Dried Trans Gas Ply dividend and held roles in other civic and business groups. He leaves a widow Claire, a daughter Barbara and a grandson. bankruptcy proceedings and reorganizations are noted in scattered items.
Washington report on Proxmire dairy measures as direct payments and two price system proposals face House and Senate scrutiny. Administration and allies debate amendments while farmers press for government payments and industry leaders await Agriculture Committee action.
The Justice Department will seek court action to force the Teamsters Union to open its books as part of an investigation into labor corruption and kickbacks. The case involves subpoenas and appeals over Labor Department authority and rights to administrative probes.
Ford announces a new 260000 square foot parts depot at Wirla Richmond California as part of a 1.6 billion expenditure program. The plan is reported by Henry Ford IT to stockholders with details of location a 27 acre site in the Park area. Six Philadelphia Teamsters Local 107 have filed suit in U S District Court seeking reimbursement of funds from Holfa and 14 other Teamsters executives and four international trustees.
Reynolds notes that as long as bears fail to push the market lower and the Dow remains on the retreat, risk to industrials appears limited. Thomson & McKinnon warn that traders focus too much on past statistics and miss the potential for dynamic gains amid a still bullish investment climate.
A new modern depot will replace the existing 150000 square foot loaned facility. The current depot employs 190 people with an annual payroll around $711000.
A Requiem Mass is offered for Michael Angelo Cardona Jr 38 who died Wednesday in Hight Hospital Oakland. He was a native San Francisco lifelong Bay Area resident and lived at 66104 Olmstead Street Oakland. He leaves his widow Mary and nine children Ronald Bonita Michael Al Rickey Palmira Doreen Frank James and Timothy. He is survived by siblings Annie Gagnates Palmira Padille Henry Borrea Consuelo Fernandez Mayfield Doves and Yvonne Helton. Rosary services Sunday at Hayward Moruary 22297 Mission Blvd Hayward. Burial will be at Golden Bay National Cemetery Hayward.
New York AP reports the first telephone calls between the United States and Japan via space satellite. Relay 2, previously used for TV and other transmissions, carried intercontinental calls. Tests used ground stations in Nutley New Jersey and Mojave California linked to Goddard Space Flight Center.
Eugene K. Hare 4 percent died yesterday en route to Eden Hospital. Services set for Monday at 11 am at Sorensen Bros. Chapel Hayward with Rev Paul B Rhodes of First Presbyterian Church officiating. Burial in Golden Gate National Cemetery San Bruno. He was a Hayward resident and former Cannery Workers Union Oakland Local 750 member employed as a mechanic at American Home Foods. He lived at 1200 W Winton Ave Hayward. He was husband of Genen weive J Howe and son of Mrs Juli a Howe of Walnut Creek with brothers Gerald C Howe of Oakland and Mrs Audrey Leste of Walnut Creek. Burial in Golden Gate National Cemetery.
The California State Public Utilities Commission upheld the decision to allow Pacific Gas and Electric to build a nuclear power plant at Bodena Head. Chairman Bennet and others debated potential seismic risks including San Andreas fault proximity and Alaska quake impacts. Bennet dissented, urging reopened hearings for public opinion and expert review.
Hayward Local 178 of the Painters Union endorses candidates for the June 3 primary. They back Hayward San Leandro Municipal District Judge T. L. Foley Assembly member Carlos Beel Hayward and Robert Crown D Alameda. Crown faces no opposition while Foley is opposed by Dallas Edgar in the 33rd and 14th districts respectively.
Eugene L. of Hayward aged 52, native of Cedarville, a member of the Cafgery Workers Union Local 750, died May 1 1964. Services planned May 5 at Front Presbyterian Church Hayward. Interment Golden Gate National Cemetery. Foster, beloved mother of Delores J. O'Brien and the late Philip Foster, died at 52. Active in Goodwill industries and Bay Geals. memorials to American Cancer Society requested. Interment private.
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