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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 20, 1970
Page
13
Washington reports that Nixon Administration ecodentists say the American economy is sagging and warrants a stimulative policy next year. A purposeful deficit in the January budget is likely and Federal Reserve policy may allow faster growth of money and credit. The view persists despite a pause in the slide and expected modest growth this quarter.
New York observers debate Wall Street practices amid a severe bear market. Questions focus on brokerage management and a commission based system. Payne and Forbes cited, investors report poor experiences with brokers. Economic plan commentary predicts slower growth in 1971 with inflation checks and potential unemployment shifts.
An 18 year old drowned June 26 at Point Mugu was found by a man fishing off the rocks. James Davison of Home town Illinois, visiting a sister in Sherman Oaks, was swept off the rocks by a wave and later located.
Official notice calls for sealed proposals to purchase 30 million dollars of Harbor Revenue Bonds issued by the City of Long Beach California. Bids due July 20 1970 at 11:00 a.m. PT with opening and award at Harbor Commissioners meeting. Bonds include Series A 1970 dated May 15 1970 with maturities through 1980 and term bonds to 1991. Interest not to exceed 8 percent payable semiannually. redemption terms and payment locations specified.
Public notice invites sealed bids for City of Long Beach 1970 Harbor Revenue Bonds Series A valued up to 30 million dollars. Bids due July 20 1970 with delivery in New York or other agreed place and payment in Federal Reserve funds. highest responsible bid awarded on lowest net interest cost to city.
A Delano group of farm workers denounces Cesar Chavez for denying them the right to freely choose a union. They accuse Chavez of leveraging growers to force a UFWOC monopoly after the grape boycott successes. The protesters spoke to Senators Harmer and Richardson and urged action by Governor Reagan.
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