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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Sep 29, 1963
Page
6
A chaotic stock scene shows traders reacting to uncertain cues with names like Lorillard and Kraft amid shifting prices. Investors weigh high and low readings as the market stalls and rebounds, creating a cautious mood for upcoming sessions.
Week ending Sept 27 shows ranges for Dow Jones closing averages. Industrial index opened around 740s, with highs near 745 and lows near 737, while utilities and rail bonds moved within narrow bands. Data includes first and second readings across multiple groups and bond types.
The article notes mutual funds across the United States approaching a combined 25 billion dollars in assets by September 30, driven by stock market gains and rising share prices. It traces growth since 1940 under the Investment Company Act, highlighting major fund families and regional reports, with projections once official figures are released.
Sacramento AP reports an Assembly committee will start a yearlong probe into California tax structure with hearings in Oakland by the Revenue Committee. Chairman Nicholas Pervis, D Oakland, says the hearings will devote much time to a range of revenue proposals and address burdens on taxpayers. The committee plans several sessions Friday and Thursday to hear testimony and discuss policies.
An academic firm based in California has been awarded a $13,878 contract to evaluate the feasibility of establishing a Caribbean regional bank. The study aims to determine demand and needs for a bank serving Puerto Rico, the French Islands, and the Dutch and British possessions in the area, per Sen. Engle's office and the U.S. Agency for International Development.
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