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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
May 22, 1967
Page
3
New York trading summary from the exchange shows mixed activity as investors monitor price movements and shifts in market sentiment. Key indices fluctuate while major banks and tech firms toggle between gains and losses amid cautious optimism.
The 1968 dedication marks the opening of Cal Expo a $337 million showcase on 1000 acres along the American River in Sacramento officials predict it will attract 50 million visitors in its first dozen years combining features of Disneyland and a state fair with education entertainment and agriculture exhibits and a move from its old quarters across the river.
New York price action shows the stock market slipping further with miners leading losses while silver and gold issues gain. Expo plans discussed by officials describe a year round complex with a beach, dance venues, tennis and other attractions, including a flexible entertainment area led by Larry Glazzier.
Metropolitan Life Insurance Co reported California investments totaling 2,687,758,700 at end of 1966, noted by Quincy B. Hunt. He linked assets to capital for industrial expansion and research, home ownership, and business support. Market fell below key Dow support. auto stocks slumped amid global tensions.
President Juan Carlos Ongania has ruled with a firm but paternal hand, steering Argentina from an agricultural base toward industrialization. Since his nearly bloodless coup last June, he cut taxes, devalued the peso, curtailed university autonomy, and restructured the economy to attract world market competition, aiming to alleviate chronic political instability and a deep deficit while facing public unhappiness over democracy’s decline.
Oakland based International Harvester Co reports 1967 fiscal year first six months sales of 1 240 872 000, down from 1 264 277 000 previous year. Net income for six months ended April 30 totaled 47 264 000 or 1 69 per share, down from 59 952 000 or 2 10 per share. revenue and income decline 1.5 percent and 19.6 percent respectively.
A reader questions recurring month long dividend delays from a margin brokerage. The advice notes stock ownership in the broker’s street name, potential interest charges on borrowed funds, and back office paperwork issues. It cautions to verify dividend amounts and communications from the broker.
When shares are held in street name the dividend checks go to the broker who credits them to your account. If you instruct the broker to scrap your dividends to you you should receive the broker s.
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