Skip to main content
The largest online newspaper archive

The Argus from Fremont, California • Page 16

Publication:
The Argusi
Location:
Fremont, California
Issue Date:
Page:
16
Extracted Article Text (OCR)

ARGUS Fremont Newark, California Saturday, June 23.1973 Auto, oil, toshowJfakes NEW YORK (UPI) Stockholders particularly those hoWng shares in the autos, oils utilities--can look forward to increased as a result of relaxed government restrictions, Wall Street analysts said Friday. Financial experts were in agreement, however, that most firms will not take full advantage of the liberalization of dividend announced Thursday by the Com- ''mittee on Interest and Dividends. Under the Committee's new guidelines, a company can choose between an annual dividend no more than 4 per cent, which has been in effect since economic controls began in August W7I, or an amount' based on their payout ratios from 19O to 1972. "The. obvious first candidate for a dividend hike is Genera) Motors with its historic payout of 70 per cent," said Joseph S.

Philuppi, a vice president and automotive analyst of Blyth Eastman Dillon Co. "The auto industry, however, is conservative by nature," he said, "and will hold back on boosting dividends to the maximum because of the high probability of a downturn in sales next year." Oil Miller, also of Blyth Eastman Dillon said, "Some oil companies such as Phillips and Exxon could hike their dividends by as much as 20 per cent under the revised guideline while others night do better under the old 4 per cent rule because of past earnings patterns." Many Wall Streeters said utilities 'were likely to increase payouts because they traditionally attract the more conservative, dividend-oriented investor. "Most industries experiencing unusually high levels of earnings without too many debt commitments will raise 1 said. Harry Laubscher of Walston "Co. He pointed to high payout ratios in the heavy capital goods sector, including steel and railroad equipment, and the chemical industries.

"The committee's move increases the attraction of many issues already oversold and sufficiently appealing," Laubscher said, "but it also helps provide a floor for many issues." The government' actkm on dividends was not without its critics in the Wall Street com- a near-term basis, the step is psychologically said ABen Shaw of Harris, Upharn, "but on a long-term basis. It is not enough to turn the market around." Richard E. for the Standard and Poor's liberal guidelines will inject more money into the spending spread, which contradicts current efforts to cool the economy." He said, however, investors have been at a disadvantage relative to wage earners and the new rules will tend to restore equity to the shareholder. Starved on welfare Detroit police officers carry Giuseppe Pillerra, 78, from his home on a stretcher after police and public health nurses found him in a near- coma stage from lack of food He'and his 93-yearrold cousin had been coffee laced with a little milk and an occasional raw egg or piece of bread-- all they could afford after they were denied an increase in their $154 per month welfare allowance. 15-year-old Nixon promise Bolivian twins to begin college SALT LAKE CITY (UPI) Bolivian twins Judith and Ruth Leonardini, saying they were the envy of their friends at home, arrived in Utah Friday to begin the college education promised them 15 years ago by President Nixon.

"It always has been a dream," Judith said, "and we hope we will meet President Nixon to 'thank him." Dressed in bright, multicolored pant-suits, the 18-year-old twins spoke through an interpreter at a news conference called by officials of the Mormon Church. "Our friends at home wish they would have this opportunity," Judith said. Judith and Ruth were to begin classes Monday at the Brigham Young University in Provo, 40 miles south of here. The girls are members of the Mormon Church. "The missionaries (in Bolivia) showed us photographs of the BYU campus and told us it was a good school, and we believe them," Ruth said.

They were 3-years-old when Nixon, then Vice President, held them in his arms during a visit to a public health clinic in La Paz, Bolivia, and told their parents he would see to it that someday the girls got a college education in the United States. Their mother never jost faith in Nixon's promise, but their father was always a little skeptical. The girls turned 18 March 28 and Mrs. contacted Nixon through a United Press International bureau employe and reminded him of his promise. Nixon said he remembered the twins and would honor his commitment.

The girls were offered scholarships to 27 universities including Nixon's alma mater, Whittier College, before choosing BYU. The girls were flown to Utah after a whirlwind visit in Southern California they toured Disneyland. The twins begin an intensive English course at BYU, attending class six hours a day. Beginning fall semester, they will be able to enroll in varied classes. Both girls hope to graduate with a degree in sociology and re- tumtoBoliviatohelptheirpoeple.

The twins' trip to the United States was sponsored by the Utah-Bolivia chapter of the Partners of Americas. They were escorted here by Royden G. Derrick of Salt Lake City, chairman of the Partners program and Gary J.Neeleman, a regional executive for UPI. Type involved in train blasts Dangerous bomb shipments suspended MARTINEZ, Calif. (UPI) The Defense Department has suspended shipment of 250 and 500 pound aerial bombs of the type involved in two recent amrminition train explosions, Southern Pacific announced Friday.

Pickering Avenue fire razes barn FREMONT Fire destroyed a barn at 227 Pickering Ave. yesterday, according to the firedepartment. Three fire fighting units fought the blaze for two hours after it was first reported at 5:24 p.m. Loss was estimated at $1,000 for Ihe barn's contents, which consisted of farm machinery, and 12,400 for the struclure.which was opened by Peter Rebagleatti, according to the fire department. BART bus link won't serve Alameda County FREMONT Bus service to link Santa Clara.

County residents to Fremont's BART station will not be available to Alameda Coon-. ty residents, a spokesman for the Santa Clara County Transit District announced yesterday. service begins Monday, but buses will in Alameda County except for 1f Buses wi run hour J' Jl! P-TM. Monday 'Vough William M. vice president of engineering and research for SP Transportation told a hearing called by Rep.

Jerome Waldie that the Pentagon had halted shipment of tritonal bombs. The bombs, made of a mixture of TNT and aluminum powder, were involved in an April 28 blast at Roseville, and a May 24 explosion at Benson, Ariz. Jaekle informed Waldie, and Contra Costa County Supervisor Warren Boggess that the suspension was ordered by Paul Riley, deputy assistant defense secretary for supply. The railroad executive said Riley informed SP he was "not satisfied with safety reports and assurances" and had ordered the suspension, which will last at least a week. Southern Pacific threatened last week to embargo the bombs because of "deficiencies" in manufacture and handling at Navy depots at Hawthorne, and McAlester, Ok la.

The railroad withdrew the threat after discussions with military authorities. Navy Capt. M.B. Lechleiter of the Navy Ordnance Systems Command, one of three munitions experts from Washington who testified at the hearing, suggested that heat was responsible for the blasts. Skylab splashes down smoothly Continued (row I Hawkins, deputy chief of life sciences at the Johnson Space Center, said Kerwin vomited soon after entering the medical trailers, possibly because he "chug-a-lugged" a grape drink.

Kerwin was unable to complete the medical tests and went to bed. Weitz feH dizzy and nauseous after completing the tests and also had to rest, Hawkins said, but he had recovered within five minutes and walked on the carrier decks. Hawkins said Kerwin was in worse shape than any previous returning astronaut, taking longer to rcadapt to gravity. "I don't think," he said, "We've seen anything like Joe at all before." Beside the endurance mark, they set a host of records --the most space miles, 11.5 million; the most earth orbits, 391; and the first repair work outside a spacecraft to save the $2.6 billion Skylab program. Conrad, who made his fourth flight, captured the individual endurance mark at 49 days, 1 hour and 8 minutes.

And, they received an invitation from President Nixon to visit the Western While House at San demente, Sunday. NASA officials said the visit would depend on the spacemen's physicial condition. "You have demonstrated lhat just as man can conquer the elements of earth he can cope with the exigencies of space," the'President said. "You have given conclusive evidence that even with the most advanced scientific and technological support in the world, the courage and resourcefulness of good men arc still central to the success of human adventure." Nixon, Brezhnev in pledge to prevent nuclear warfare Continufd from 1 voked 'when Soviet tanks overturned the liberal regime in Czechoslovakia. Asked to relate the agreement to the Brezhnev doctrine, Kissinger'said, "This document makes no distinction between the domestic structures of various countries." At the State Department, Secretary of State William P.

Rogers called in ambassadors of the NATO member countries to assure them that U.S. defense obligations to the Atlantic community, including an American nuclear deterrent, are fully preserved in the new agreement. The ambassadors were given texts of the pact. White House Press Secretary Ronald L. Ziegler said that before Nixon and Brezhnev left together on the five-hour flight to California they had been together a total of 26 hours and 15 minutes, including almost 12 hours of formal meetings as well as time spent together at dinners, on aircraft and aboard the president! al'yacht.

As they signed and exchanged copies of the agreement on the prevention of nuclear war. Nixon and Brezhnev downed a bit for the cameras. Brezhnev peered interestedly at Nixon white the President signed his Then the Soviet leader signed the document and exaggeratedly showed his signature to Nixon. With the signing completed, the two leaders were offered a glass each of champagne. Taking the glass from a silver tray, Brezhnev said, "Is this just for us or is there some for everybody?" Champagne was served loathe invited audience which included several congressional leaders, the entire Nixon Cabinet, and members of the Soviet summit delegation.

Although the agreement apparently commits the United States to forever foreswear. the declaration of a a traditional prerogative of Congress, it was not drafted as a treaty and therefore is not subject to Senate confirmation. However, Senate Foreign Relations Chairman J. William Fulbright, said he does not. object to the matter bypassing Congress.

He described the agreement as "just a code of conduct." Secret gasoline reports to be bared WASHINGTON (UP!) The Federal Power Commission, declaring it was acting under protest, agreed Friday to provide the Senate with secret reports on gas reserves provided by the 79 largest producers. The commission authorized FPC Chairman John Nassikas to give the documents to the Senate anti-trust subcommittee which Thursday issued a subpeona for them. Under pressure from subcommittee chairman Philip A. Hart, the FPC had provided all data except information on individual reserves filed by the producers or recorded on worksheets by the staff. The FPC argued the data was protected un- der the Natural Gas Act and the Freedom of Information Art.

But in its order of with.the sub- peona, the commission said it would be "inappropriate" to place Nassikas in jeopardy of contempt of Congress. The FPC said delivery of the documents by June 28 was "being made expressly under protest and subject to the requirements of con-' fidehtiality and protection public' otherwise waived by Tilling The commission said public disclosure of the secret reports could do irreparable harm to individual oil companies. Cloudy water said safe to drink FREMONT Residents of the Union City- Decoto area who get their water from Citizens Utilities Company's Street" well have been complaining of excessive cloudiness in the water since mid-afternoon Thursday. According to Dr. Nicholas Toth, Washington District health officer, the not very appealing to look at, is perfectly safe to drink.

He added that the problem has been corrected, and the cloudiness, or in some cases muddy condition of the water, should clear sometime today. L.J. O'Keefe, district manager for Citizens, said a waterlogged pump began surging or turning itself on and off continuously Street" well on Thursday. As a result, it stirred up sediment on the bottom of the well and drew it into the system. He added that about 1,500 homes are served by the well but only 750 were probably affected by the cloudy water.

The pump problem was corrected yester- 1 day but the cloudy water will not be flushed completely out of Citizens' system until today. Toth added that Citizens is making arrangements to buy water, from Hayward if this should prove necessary. In addition, the company is notifying all its customers by writing in English and Spanish today of the problem. The health official stressed that despite the mud or sediment the water has been treated' to keep out any disease producing bacteria- Two policemen leaving for new jobs FREMONT Two veteran police officers are leaving the Fremont police department to join the law enforcement staff of the California Department of Justice, it was learned yesterday. Sgt.

Edward L. Montgomery, 42, a 10-year veteran of the Fremont department, and Ronald Anderly, 29, a four-year veteran here, are slated to start their new jobs July 9. Their departure will leave Fremont 23 officers short of the 112 officers authorized by. city council. Montgomery has been a consistent member of the Governor's 20, an honorary organization of the state's leading police marksmen.

Anderly is vice president of the Fremont Police Association. Anderly said that he expects his new boss to be Bruce True, a former sergeant with the Fremont Police Department who went to work for the state three yea rs ago. True became prominent recently by his work in cracking the case of two Hell's Angels motorcycle club candidates who were drugged and murdered, then buried in the Hell's Angels burial ground in Mendocino County. Heroin victim's companion jailed FREMONT Joseph L. Candelaria, 32, who was found unconscious in a car with a man who died from a heroin overdose, yesterday was sentenced to six months in county jail.

Candelaria was unconscious when police found him April 30 in a car parked behind a hamburger stand on Mission Boulevard at Nites Canyon Road. He remained in the intensive care unit at Washington Hospital for nearly a week before he recovered, and then was unable to recount how he became il 1. Joe Fred Archuleta, 34, was found dead in the sedan from what the county coroner said was a heroin overdose. Candelaria, of 33060 Lake Mead Drive, pleaded guilty yesterday in municipal court to a charge of being under the influence of a drug, a charge reduced from the Health and Safety Code violation of using a controlled Inez Ross misquoted in Argus story Yesterday's Argus incorrectly quoted Inez Ross, Fremont school trustee, as saying 1-year-old children should not be put in day care centers. She actually said 1-month-old children should not be put in day care centers.

Although Ms. Ross believes children up to two vears old should be vyith their mothers or a single.mother subsUJ'ufe, and not in day with mapy-attendants, the incorrect' quotation made inaccurate a statement by Karen Botelho, who said only three to five infants in the age range Ms. Ross djs- cussed would be put in a day care center pfoV posed for the Fremont Uni fied School District..

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

About The Argus Archive

Pages Available:
149,639
Years Available:
1960-1977