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Newspaper
Shafter Press
Location
Shafter, California, United States of America
Date
May 03, 1961
Page
2
The piece predicts the NYSE census will count stock owners and track trends. It cites Sylvia Porter noting many investors are ordinary middle class or new savers, increasingly knowledgeable about fundamentals, risks, and margins while tips and hot tips fade from prominence.
A Merchants and Manufacturers Association statement cites Internal Revenue figures showing 1.4 percent average net profit for chains in 1959. For a ten dollar grocery bag this equates to 14 cents, suggesting profits are a minor factor in overall price inflation.
Representative Bruce Alger of Texas argues for major federal tax reform through Herlong-Baker bills to cut all tax brackets over five years from 20 to 5 percent and corporate rate from 52 to 47 percent. He says lower rates unleash savings for investment, create jobs, and curb inflation, while acknowledging deficit risks and promising revenue gains from growth.
Exclusive no interest terms offered at Oak Knolls Tehachapi by Pacific- Atlantic Properties Pasadena developers of an interest free plan. Monthly payments applied to principal may build equity quickly. Oak Knolls near Tehachapi offers investment appeal near civic center schools hospital and outdoor recreation in California.
Kenneth W Harris quarter master third and staff of Collicanall First Fleet aboard the heavy cruiser USS Helena will take part in the Second Phase of Exercise Green Light April 21 to 27 off Southern California. The drill, led by Vice Admiral Charles Melson, pits a carrier task group and submarines against a hunter killer anti submarine group with air sea units and shore based aircraft. Three Royal Canadian Navy units will join U S Forces in this phase.
Former Shafter High School student Jack Dean Potter, a Santa Fe conductor and brakeman since about 1936, now runs the Richmond to Bakersfield line. He lives in El Cerrito with his wife and two children, a Modesto native. The note reveals local ties across generations.
A California reader questions the purpose of Law Day arguing rights are God given and government only serves to secure them. The writer fears Law Day signals a move toward a One World Law and urges repealing laws that regulate daily life.
The current mail volume stands at 65 billion pieces yearly and could double in 50 years. Postmaster General Day warns of fantastic mechanical challenges in movement and delivery and invites industrial engineers and researchers to collaborate with government to solve them.
Readers are shown a roster-like list of names by day across several dates. The entries include Mrs ont Kliewer Ted French Beverly Mitchell Donna Young Sam Becker Barbara Boggs Rosie Kliewer Joyce Beeler Gerald Waldum and others followed by multiple more names across Monday Tuesday and Wednesday with May dates and several surnames such as Brown Atkinson Beaver Bradshaw Slaight Ogle Bergman and Goossen.
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