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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Nov 08, 1975
Page
19
A fragmented OCR snippet shows Pacific Coast Exchange related strings, addresses in Long Beach California, and partial financial terms. The readable items include references to F Hutton & Company, Avco Community Dev Inc, and scattered numerical data. No coherent story or events are identifiable from the readable text.
NYSE listing shows varied daily activity and yields across many stocks. Includes Uniroyal Union Carbide Sperry Rand and related issuers with price changes and ratios, reflecting week to week performance and market spacing.
Western Union scaled down the telegram service which once guaranteed five hour messenger delivery in major cities and now accounts for 15.4 percent of 1974 revenues. The Mailgram, electronically routed to post offices for priority delivery, contributes 4.4 percent. Pearl cites financial strains over a decade including a $28.5 million nonrecurring write-off in 1974.
Miss Freda A Kirk and Mrs Bert Schafer retire from Wilmington Manufacturing Complex Long Beach after 40 and 43 years with Shell Oil. J B St Clair executive VP and president of Shell Chemical came from Houston for the farewell dinner at Long Beach Petroleum Club. They will live in Long Beach and travel. Gift America marketing scheme mentioned with gifts delivered at Christmas. Western Union reports 1975 Q3 net income 60 cents a share, down from 63 cents in 1974 Q3, excluding Gift America write-off. dividend policy remains $1.40 per share.
Newhard Cook & Co joins the Pacific Coast Stock Exchange adding to its listings on the New York American and Midwest exchanges. Joseph H. Reed, resident partner, announced the St. Louis based firm is now operating from Long Beach with edgewater Hyatt House headquarters after 19 months. It offers a full range of investor services.
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