Getty Oil Offers Stock Swap for Mission Development Shares
Getty Oil Co. proposed to swap six Mission Development shares for five Getty shares via Mission Corp. and would register 2,170,845 Getty common shares. Mission Development assets include Tidewater Oil stock, a Getty-controlled holding, to broaden Getty exposure beyond Tidewater. Getty aims to pursue oil and gas exploration in the U.S. and the neutral zone between Saudi Arabia and Kuwait, with varied subsidiaries.
MENTIONED IN THIS ARTICLE
Getty Oil
Washington
Getty Oil Co
Mission Development Co
Mission Corp
Mission Development
Gat- Mission Development
Five City
Skelly Oil Co
Getty
SEC
Tidewater Oil Co
Tidewater
U.S
Saudi Arabian
Kuwait
Edward C Werle Nominated For Stock Exchange Chairman
Edward C Werle vice chairman of the New York Stock Exchange was nominated to serve a one year term as chairman. If elected he would be the first to chair both the New York and American Stock Exchanges. He is a partner in Johnson and Wood. John A Coleman formerly chairman and governor was nominated as governor for a three year term. Elections set for May 12.
MENTIONED IN THIS ARTICLE
New York
Edward C. Werle
N. Y. Stock Exchange
Werle
American Stock Exchange
Johnson and Wood
John A. Coleman
Exchange
J. Truman Bidwell
James F. Burns, Jr
Harris, Upham & Co
H. H. Dewar
Dewar, Robertson & Pancoast
San Antonio
James Parker Nolan
Folger Nolan, Fleming W
Hibbs “& Co., Inc
Washington D.C
Richard W. Simmons
Blunt Ellis & Simmons
Chicago
Henry M. Watts Jr
Mitchel, Schreiber, Watts & Co
Walter F. Blaine
Goldman Sachs & Co
William M. Meehan
M. J. Meehan & Co
Mr. Werle
James C. Kellogg
How Reading The Wall Street Journal Boosted Earnings
A turning point story shows a boss advising smarter work and new ideas. Reading The Wall Street Journal inspired cost cuts and sales boosts, helping income rise to $10,000. the ad promotes a trial subscription, claiming wide value for small business owners and salaried workers.
MENTIONED IN THIS ARTICLE
The
Wall Street Journal
Journal
Business Daily
Wall Street’ Journal
Broad St
New York
N.Y
Wheeling Steel exceeds industry rate in March and April
Wheeling Steel Corp said its March output ran well above the industry average and it expects to continue leading the rate in April, aiming for about 60 percent capacity after finishing March at 76 percent. Also noted are merger talks involving Vanadium-Alloys and Metal Forming Corp, and a plan to market non compatible stereophonic records by Columbia and RCA.
MENTIONED IN THIS ARTICLE
Wheeling Steel
Wheeling Steel Corp
Wheeling
William M. Hall
Vanadium-Alloys’ Steel Corp
Metal Forming Corp
Elkhart
Ind
Vanadium-Alloys
Metal Forming
Phonograph Records
Columbia Records
Columbia Broadcasting System, Inc
Radio Corp. of America
Victor Record
Wall Street gains lift markets on mid-April session
Based on the rise in the Associated Press average, stock values on the New York Stock Exchange rose about 1.28 billion dollars. Broad groups including steels, copper, rails, radio, and televisions advanced with utilities joining in near yearly peaks. The market opened higher, held gains through the day, and closed near session highs as policy talk and copper tax debate loomed. Former President Truman proposed a five billion dollar tax cut and a large boost in government spending as lawmakers reconvened after Easter.
MENTIONED IN THIS ARTICLE
New York
Associated Press
New York Stock Exchange
Trumen
Auto plants shut down across the nation this week
Detroit April 14. Reports say about 80,000 workers across 24 auto plants faced shutdowns or reduced schedules to trim stock for market demand. Chevrolet, Ford, Mercury, Chrysler and DeSoto plants in multiple cities halted operations or moved to five day weeks. Lincoln-Ford Thunder Bird plant in Wixom and AMC plan a 10 percent output boost next week.
MENTIONED IN THIS ARTICLE
Creek
Detroit
BEM
Chevrolet
Ford
Mercury
Cana
Bay City
Mich
Buffalo
Cleveland
Toledo
Fliut
Tonawanda
N. Y
Seave
Mahwah
N.J
Los Angeles
St.’ Louis
Wayne
Metuchen
N. J
Chrysler
DeSoto
Wixon
American Motors Corp
AMC
Kenosha - Milwaukee
New England Electric Sets Price for New Issue
Boston April 14 New England Electric System set a subscription price of 159 share for the new issue of 986549 common shares Holders of the system s common shares will receive the right to buy one additional common share for each 12 held on April 6 Shares not purchased under the offer will be sold under competitive bidding to an underwriting group Bids for the unsubscribed shares will be opened 11 a m April 15 in Boston.
MENTIONED IN THIS ARTICLE
Boston
New England Electric System
Sunshine Biscuits Reports First Quarter Rise in Earnings
Sunshine Biscuits Inc. posted net earnings for the first quarter up more than 6 percent to about 1.79 million dollars or 1.53 a share. President Hanford Main told the annual meeting that sales rose about 5 percent to 45.04 million dollars from 43.56 million a year earlier, for the quarter ended March 31.
MENTIONED IN THIS ARTICLE
American Hardware Corp
American Hardware
New York
Sunshine Biscuits Inc
Hanford Main
Dividends and payment dates for multiple companies
The notice lists regular quarterly dividends and pay dates for numerous firms including Geo, A Hormel & Co. Gulf Interstate Gas Co. Hooker Co. BP Stevens & Co. Lanston Industries Inc. National Steel & Shipbuilding Corp. Power Co. Mesmametal Inc. Piping Co. Inc. Security- Columbian Banknote Co.. Tennessee Gas Transmission Co.. Texas Gulf Producing Co.. American Mount Theaters Inc.. National Bank of Detroit. Hancock Oil Co. Coal and Coke Co. The record dates span April to June with payments mainly in late April through June and some notes on past declarations for Class A shares.
MENTIONED IN THIS ARTICLE
National Steel & Shipbuilding Corp
Reguar
Fae
Power Co
Ustal Quai Sr
Security- Columbian Banknote Co
Tennessee Gas Transmission Co
Texas Gulf Producing Co
American Mount Theaters Inc
National Bank of Detroit
Hancock Oil Co
Coal and Coke Co
Chrysler Sales Slump 45 Percent in First Quarter
Detroit April 14 Dow Jones reports Chrysler Corp auto retail sales in January through March fell 45 percent from a year earlier. Dealers delivered about 162,800 cars versus 295,800 a year ago. GM down 18 percent and Ford down 36 percent. Chrysler’s share of U.S. total car sales slipped to about 14.3 to 15.0 percent from 19.3 to 19.5 percent.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Dow Jones
Chrysler
General Motors Corp
Ford Motor Co
Ford
United States
Ruan
Sale of Scullin Steel to Universal Marion Approved
Stockholders of Scullin Steel Co approved the sale of the company’s assets to Universal Marion Corp. under terms of 1 share universal per 134 Scullin shares. Universal Marion to complete closing tomorrow as president James Mullaney discussed strong year prospects and a 9 million backlog expected to grow with highway building momentum.
MENTIONED IN THIS ARTICLE
ST. Louis
Scullin Steel Co
Universa Mirion Corp
Universa Marion
E. F. Judge
Scullin Steel
Scullin
Universal Marion
Judge
Scullin Steeler
James Mullaney
Wilcox Oil Declares Stock Dividend and Cash Dividends
Wilcox Oil Co. of Tulsa announced a 2 11 per cent stock dividend payable May 29 for holders of record April 3 and two regular quarterly cash dividends of 25 cents each, payable May 20 and Aug 20 to records April 7 and July 30. The company paid a similar stock dividend in May 1957.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Wilcox Oil Co
Wilcox
Dow Chemical Sees Decline in Quarter and Nine Months
Dow Chemical Co reports a drop in earnings and sales for the quarter ended February 28 and the nine months, with net income of 7,946,780 dollars or 31 cents a share on 25,841,961 shares and nine month income of 4,906,021 dollars or 1.43 a share. Net sales total 482,044,367 dollars, down from 498,296,106. Several other firms report mixed results including United States Hoffman Machinery, Pullman Inc, Sicks Breweries, Thermold, Atlantic City Electric, Kansas Gas & Electric, and Devoe & Raynolds with various gains and losses.
MENTIONED IN THIS ARTICLE
Dow Chemical Co
United States Hoffiman Machinery Corp
Pullman, Inc
Sicks Breweries, Ltd
Thermold Co
Atlantic City Electric Co
Kansas Gas & Electric Co
Devoe & Raynolds Co. Inc
Also Mentioned on This Page
Stock Exchange
Norman F Dacey
Cileo
State Street
Bridgeport
New York City
Wall Street
By ED Morse
Dew Jones
Giese
Ailey Prodalr Reduc
Gype
New Englsh
Alum Ltd
Ny’ Central Seven
North West
Ed Perle
Ohio
Am & Ef Pwy
Arms
M&fdy
Oliver Co
Am Motors
Am. de PacQe
Arma Smelt
Dia
Ansconda
Phila
Artraco
Philco
Utilities
Armour&Co. Wit
H&g
Avoo
Pullman 3A
Lima
Bing
Céonk
Balt G & FE
RCA Seveeneee Aa
Balt
Repub
Benguet
Boeing Air Lh
Rem
Rex Dug Y
Burroughs
el Paso
Schering
Behenley
Eee AZ
AI RR
Sears Roeb
Lorillard and
Olin Mathieson
Greyhound
Pou Ry
Sperry
Cttles Bre
Cole Palma
Cola F & Ie
Cepa Avs
Youngstown Sheet
Colum Laseed
Sid OM
National City Bank of Cleve
Anaconda Comal
Stan
Kennecott
General Matera Comi
Salv
Stauff
Stud Park
Anril
du Pont
Amerada
Say
Si Moray
Gulf Oi
Lockheed
Consum Pw
SIM Sit
Swift & Co. Ja
Consolidated Edison
California Edison
Southern Railway
Union Carbide
Colden Pet
American “Stock Exchange
Curtis
Asa
Curtiss Wr
Compar- Cutier Ho Ja
Tex PL
Decca Kec
Te Reree
Wis
Deere Washee
Tidewat
Louisiana Land
DaLeéees
Arkan Dis
New England
Doug Alicia
UN Carbide
Zaary
Rotary
Dow Chem
UN Ol Cal
Creole Petroleum
Firth Sterling Deean Ind
UN UN Pac
Scurry-Rainbow Oil
du Pontomeres
Ale Tin
Dug Li
ITY
Aire
Atr Ll Jb
United Cp
St Kei
USA Gas Co Ti
Emer Radoe
MAMI
WY Erie RR
Bairch
Gen Dream
West UN Tel
Gen Motors
Wilson & Co
Goodrich
Woolworth
Goodyear
Wortherton
Grace & Ca
Zenith
Ye Gulf OU
Heyden
Howe End Hout L & F
TL Cent
Reeves
Brith
Raneay & On
Tel & Tel
Reed Johns
Laurence
Jones
Bome Insurance
Val BR
National Fire
Aiees
Lickh Ale
Norman
Pacey & Assscoles
Travelers
Loewa
Atomic Development Fund
A. M. Kidder & Co, Inc
Commonwealth Investment
Américam Chain Vee Aay
Ash Martin Co
Ereeeeey
Bridgerort Brass
Feneel
Exton & Awrd Binced Fund
Bullard Company
Ageret Ia
Casco
Merr Chan
Wha
WY Fundamental Investors
RY Ay, Aa, Incorporated
Crane Company
Mo Kaa Tex
Mass, Inusita Orth Bik Prd P45
Harvey Hubbell
Mass
Investors Trust
Locke Steel
McKesson & FR
Monsen
Reybestos
Mont Drt
Pioneer Fund
Remington Arn
Monterou
Sunshine Biscuits
Lanston Industries Inc
Mesmametal Inc
Piping Co. Inc
Connecticut
Earth, Remeay & Co
Asbol Bot Gas
Freey Smith, Ramsey & On Bo
Catri Malea
Ash Bry
Cry Trust
New Haven
Irving Treet
Tex East Trane
West Mess
Dan Cordtz
Connecticut Industries
G. EL Walker @ Co
Dictaphons Corp
Emhart
Fafnir
Farrel Birm
Handy Harman
Kertte
Ieee
Frary Clark
Marlin Rockwell
New Britain
North Juda
Peter
Scullins
Consolidated Cigar Corp
Samuel J. Silberman
Prespens
Silberman
Consolidated
Wilcox Oil
American Exchange
AML Kidder & Co
Tac
American Maravathe
Kaiser Industries
Singer
United Aircraft
DOW Chemical
Niagara Mohawk Power
Mohawk Valley
New York State
Albany
Cas. W. Scranton & Co
John St
Conn
Edison
Westport
Norwalk
Norman J. Gaynor
Arthur
Jonnings Investments
New Hesen
HFC
Viet Howsehold Finance
America
River
Indser
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