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Daily Review in Hayward, California

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Daily Review

Location

Hayward, California, United States of America

Date

Jul 26, 1957

Page

4

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.

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.

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.

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.

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.

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.

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.

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

Also Mentioned on This Page

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