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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Sep 26, 1966
Page
5
New York AP reports inflation now pervades every sector from households to manufacturers. Prices for food basics rise as households face higher costs while war spending and government policy influence living costs, creating broad economic pressure across labor, business, and consumer groups.
J Paul St Sure longtime Maritime Association president and labor negotiator died at 64 after a heart attack at his Piedmont home. He helped craft landmark agreements with ILWU chief Harry Bridges, boosting port productivity 41 percent and reducing costs for shipowners. He once urged labor and employers to share earnings. funeral services are private.
Shipping entries list vessels such as BARRE VICTORY and PRESIDENT CLEVELAND sailing from Long Beach, San Pedro, Yokohama, Honolulu, and Portland. The compilation names owners, ports, routes, and freight lines including Transmarine, APL, Matson, and Orient. Entries cover American and foreign ships bound for Far East, Hawaii, and West Coast ports with multiple pier references and vessel labels.
A government study to be sent to the President argues that rising wages are not driving prices. It notes unit labor costs for U.S. manufacturers have declined since 1960 and that steel and auto sectors report price hikes despite productivity. The study links most living-cost rise to taxes while wages gained about 20 percent since 1960.
Wall Street trades amid cautious mood as analysts note prospects for a slowdown and near term tests. Several firms flag low price earnings ratios on high growth stocks while caution remains about immediate gains. Desalting sea water and water resource bills draw attention for next Congress with large projects authorized in recent sessions.
In Washington AP reports Congress moves on water conservation and desalting. A Senate bill would authorize a 72.2 million federal contribution toward a 445 million desalting and electric power plant off Southern California. House committees plan limited action this session amid broader water projects and reclamation cost concerns.
New York AP reports a slight market loss in dull afternoon trading. Volume around 4.4 million shares versus 4.56 million Friday. Dow leaders Du Pont slipping 3 points, with General Motors and General Electric also down.
AP reports a plane crash at Apple Valley Airport injured three men during landing. Pilot George Air Force Base MSgt William Leib, 39, suffered head and facial cuts and was taken to the base hospital. Other injured include Erie Tourtillot, 17, and David Allen White, 25, treated for serious head injuries at Desert Valley Hospital. Stocks moved on corporate news with Polaroid rising over 4.
A scrambled crossword clue list appears with partial phrases and odd spellings. The report notes small shifts in stock prices across AT&T Chrysler Ford Intl Paper Radio Intl and other firms with fractional losses and some gains. It mentions Motorola Rahm Haas Kaiser Aluminum and J Ray McDermott in trading context and cites Illinois Central profit shifts as shares moved.
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