Prudential Loans Boost California Real Estate Pans
Real estate loans in California and Western states total over 55 million for the six months, with Prudential Insurance reporting 33,021,107 in disbursements. Ed Day, VP western operations, said 25,982,147 funded residential, 4,198,000 for commercial and industrial, and 2,900,090 for farm loans in California while Western states and Hawaii saw 41,297,263 residential, 8,142,300 commercial and industrial, and 7,801,285 farm loans.
MENTIONED IN THIS ARTICLE
Ed Day
Jiu
Hawaii
Department Store Sales Rise Across U.S. Markets
Department store sales in the United States last week increased by five percent from the same period in 1956. All 12 Federal Reserve districts reported gains except San Francisco and Boston. Dawes led the rise with an 11 percent year over year increase.
MENTIONED IN THIS ARTICLE
New York
U.S
Federal Reserve
San Francisco
Boston
Dawes
Volun
Steel Profits Rise Sharply in 1956 Reveals Record Revenues
New York report shows the iron and steel industry posting total revenues of about 14.30 billion dollars in 1956, up 8.4 percent from 1935 and a near 1.2 billion dollar gain in net income, signaling strong industry profits.
MENTIONED IN THIS ARTICLE
New York
Wall Street Short Selling Tactics Amid Earnings Waves
Wall Street analyst Eldon A. Grimm of Walston & Co. advises nimble short selling ahead of mixed earnings reports. He warns amateurs to work with professionals, noting that if a poor report arrives, it is hard to short on an uptick in a falling stock. opportunities arise when profits beat expectations.
MENTIONED IN THIS ARTICLE
Elmer C. Walzer
United Press Financi
New York
Eldon A. Grimm
Walston & Co
Stock market slim. Chrysier leads early action
Early trading centered on a few Special issues headed by Chrysier Corp with the rest of the market steadier. Chryslen jumped about 24 points to 79 1/2 on a 10 000 share opening, later slipping to 79 3/4. DuPont edged up, Allied Chemicals rose slightly, and Douglas Aircraft gained on news of a 24.5 million Air Force contract. Addressograph rose, IBM advanced, Superior Oil rose, while Brunswick Balke Amerada Florid’s and others fell about a point or more.
MENTIONED IN THIS ARTICLE
New York
Chrysier Corp
Chryslen
Pont
Allied! Chemical
Douglas Aircraft
International Business Machines
Superior Oil of
California
Around & Point
Brunswick
Balke
Amerada
Florids
Power
General Tire
Corning Glass
International Nickel
Standard Oil Co Reports Earnings in Six Months
San Francisco reports Standard Oil Co of California shows net earnings for the first half of this year at 136,928,987 dollars, or 2.16 dollars per share, up from 122,050,274 dollars last year at 1.93 per share. The company will pay a two quarter dividend of 50 cents a share with record date August 9 and payment September 10.
MENTIONED IN THIS ARTICLE
San Francisco
D1 Co
California
Livestock and Treasury News From Coast to Capital
Livestock prices show week long salable calves and slaughter figures with activity steady to moderate across steers cows and lambs. Treasury report notes year to date withdrawals and cash balance while selected dividends list firms including Delta Air Eastern Coal Electric Auto and Shell Oil with payout dates and amounts.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Uvestock
Aood
Carver
U.S
Humboldt County
York
Delta Air Lines
Eastern Cot
Gerber Products
lQuaker State Oil Refining
Republic Aviation, Se
Shell Oil
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