New York Stocks Rally amid Strong Second Quarter Reports
Trading on the New York Stock Exchange stayed brisk as a broad advance followed a late morning surge. The Dow Jones average rose 7.61 points, led by gains in Pan American World Airways and other components, with turnover surpassing 13 million shares.
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Board of Equalization
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Taxable sales rise across Southern California regions
A regional report shows taxable sales jumping with 19.0 percent in the San Francisco Bay area, 9 percent in the San Joaquin Valley and central coast, and 20.3 percent in the mountain and northern California. Timber and building dealers report a 422 percent surge from 1976. Other gains include car dealers up 0 percent, mobile home trailer and camper dealers up 13 percent, boat, motorcycle and airplane dealers up 25.33 percent, service stations up 24.15 percent, and apparel stores up 15.78 percent.
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