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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Oct 04, 1963
Page
9
New York Stock Exchange noon quotations show broad gains with notable increases across major indexes and several funds, including United Funds, Value Line, and various sector listings. Traders noted overall positive sentiment as transportation and financials led advances while some mixed results appeared in consumer and utility shares.
The document describes dividend payments and ex distribution details for a large shareholding base, listing terms such as stock dividends, cash values, ex-dividend dates, and various qualifiers used in quarterly and annual declarations. It notes approximate shareholder counts and references prior year actions, stock splits, and special or deferred dividends with technical annotations.
A low bid of 202022 dollars was submitted for reconstruction and widening of 2 miles of Elkhorn Road in Monterey County. Phillip H. Calabrese of Monterey will perform the work in an area about 15 miles northwest of Salinas, the Division of Highways said Wednesday.
Representative Beademas proposes Indiana's congressional members drive Studebaker cars on a lease basis. An official says the program has long existed for Indiana lawmakers, promoting the product by linking cars to Indiana Congress members. The lease runs about 230 to 250 dollars annually, with no political bias in eligibility.
Aerojet General Corp declares its first cash dividend since 1948 at 12 34 cents per share on its $1 par value common stock and a 2 percent stock dividend. Directors met in Akron Ohio. Aerojet is a subsidiary of General Tire and Rubber Co.
Futures trading at the New York Colton Exchange shows opening prices from Oct to Oct bids, with values shifting from a slight dip to several points higher. Market notes indicate bids for March and May contracts, along with erroneous OCR fragments suggesting further bid levels and dates.
Daily Investor column notes tens of millions of dollars in U S Savings Bonds kept by Federal Reserve Banks for safekeeping since a 1955 discontinuation. Many owners moved or died. about 20 percent of New York Fed safekeeping accounts are dormant. Check with your local Federal Reserve Bank district to locate possible holdings.
The General Life Insurance Co of Ohio, started in 1962, reports placing over 350 million in force in about 18 months and finds its strongest growth in group life. Dan Winston, VP group sales, notes rapid diversification into health and accident lines and a trend toward combining life with other policies. The article traces broader growth in U S life insurance, with industry figures rising from 47.8 billion to about 209 billion by 1961, and references the American Family Life Insurance Co of Columbus, Ga, and its mixed life and endowment strategies.
The Agriculture Department reports a rising cotton surplus for the year despite higher sales, with an end-of-season carryover near 1.4 million bales, up 700,000 from August 1. The 1963 crop faces acreage limits and price supports while imports add roughly 200,000 bales to the surplus.
The Pennzoil Co of Pennsylvania and Pennzoil Co of California approve a merger plan. Stockholders of both companies will vote before December. Pennsylvania Pennzoil would survive. California Pennzoil shareholders with Pennzoil stock would receive 1 for 4 shares of Pennsylvania Pennzoil. Pennsylvania Pennzoil markets Pennsylvania grade petroleum products. California Pennzoil markets Pennsylvania grade products in the West.
New York AP reports a wave of selective steel price hikes spreading through major producers. U S Steel Lukens and Beth Steel raised prices on carbon plates and structural plates by up to 50 a ton. Inland Steel and others followed with boosts on bars billets and slabs.
Classified style ad reads a garbled request from a man in Emu Bay seeking part time evening and weekend work with a delivery offer and a quoted price, plus a call to contact JE BSH for details and delivery services.
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