Railroads Invite Park Avenue Block Bids in Truce
New York Central and New Haven acknowledge joint interest in Grand Central area property. They invite bids to lease and develop a 277 Park Ave block with a 53 story building, ground lease 25 years plus two 21 year renewals, minimum rent $800000 yearly, construction by January 1965, with a $30 million cap.
MENTIONED IN THIS ARTICLE
New York
New ‘York Central
New Haven
Grand Central Area
Park Avenue
Alfred E. Perlman
New York Central
George Albert
New York, New Haven & Hartford Railroad
Park Reales
the Central
Grand Central Terminal
Central
Post Office to Boost Price Of Stamped Envelopes Jan
The Post Office Dept. will raise stamped envelope prices on January 1 to offset higher procurement and distribution costs since September 1953. A standard 500 count size 8 1 4 by 3 3 16 inch envelope with three cent postage will cost 18.80 more, and printed return address envelopes rise to 15.80 from 19.27 for 50 units.
MENTIONED IN THIS ARTICLE
Washington
Post Office Dept
Maurice H. Stans
Rohr Aircraft plans debenture offering to raise 7.5 million
Rohr Aircraft Corp of Chula Vista California filed with the SEC to issue 7.5 million dollars of convertible subordinated debentures due 1977. An underwriting group led by First Boston Corp and Lester Ryans & Co will handle the sale. Proceeds will repay short term loans and may fund working capital and expansion.
MENTIONED IN THIS ARTICLE
Washington
Rohr Aircraft Corp
Chula Vista
Cali
First Boston Corp
Lester Ryans & Co
SEG
Union Pacific and peers post varied month earnings
Union Pacific shows a 1 month net of $71,857,298 or $3.67 a share, down from $72,092,354 or $3.08 in 1955 after a five for one split. Northern Pacific reports $18,994,067 or $3.826 a share versus $17,032,410 or $2.55. Other railroads also show mixed results with varying 11 month totals and per share figures.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad
Northern Pacific Railway
Chicago, Rock Island and Pacific Railroad
Virginian Railway
Missouri Pacific Railroad
Atlantic Coast Line Railroad Co
Texas and Pacific Railway
Central of Georgia Railway
Delaware, Lackawanna and Western Railroad
Fort Worth
Denver Railway
Colorado and Southern Railway
Market Narrowly Rises as Profit Taking Nips Gains
A ragged session left the market mostly higher at open then slipping with late selling narrowing the gain. The Associated Press 60-stock average fell 10 cents to 180.60 as industrials slipped and rails rose slightly while utilities dipped.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Vacation income up five million in Maine
The Maine Department of Development of Industry and Commerce reported a five million dollar rise in the 1986 summer vacation business despite poor weather and a troublesome Labor Day weekend. Recreation Director Everett F. Greaton said better weather could have boosted the figure, with an optimistic outlook for next year if conditions improve.
MENTIONED IN THIS ARTICLE
Augusta
Maine
Maine Department of Development of Industry and Commerce
Everett F. Greaton
Anaconda Plans Rights Offering and Capital Expansion
The Anaconda Co. board tentatively approves a rights offering to stockholders with a registration expected in late January. An underwriting group led by Hallgarten & Co. may handle the issue. From 1947 to 1956 net property plant and equipment rose from 353.5 million to 615.4 million dollars, with substantial additions and future expansion planned at about 100 million dollars for 1957.
MENTIONED IN THIS ARTICLE
New York
Anaconda Co
Clyde E. Weed
Hallgarten & Co
Consolidated
Ariaconda
Crown Zellerbach Time plan $31 million paper mill
Crown Zellerbach Corp joins Time Inc to build a $31 million paper mill at St. Francisville Louisiana on the Mississippi river. Output to Time group papers and remaining tonnage to be marketed in the Midwest and East. Market notes also cover Peabody Coal warrant conversions and housing starts forecasts for 1957.
MENTIONED IN THIS ARTICLE
Crown Zellerbach Corp
Time, Inc
St. Francisville, la
Crown Zellerbach
Midwest
East
Auction Notice of Bankrupt Estate Assets
Bankruptcy court notices two auction dates for assets of Frank My .Sante doing business as Home Electric at 1412 Stratford javenue with machinery equipment and two motor vehicles. Another auction for Rheta Hall Hazeltine doing business as Glen Parkway School at 1621 Whitney avenue Hamden for equipment and fixtures.
MENTIONED IN THIS ARTICLE
VMN Ve BU
Wlio EP
Uuepas Auctioneer
Robert E. Trevethan
Frank My.Sante
Home Electric Company
Stratford Javenue
Rheta Hall
Hazeltine
Glen Parkway School
Whitney Avenue
Hamden
Jersey Standard Plans Huge Spending Program
Jersey Standard Oil reported a 11.4 billion dollar capital outlay for 1957 to expand refineries, pipelines and producing wells amid an optimistic outlook for continued oil demand and a new era of energy. Chairman Eugene Holman cited rising world demand despite Middle East uncertainties and noted the company has invested over seven billion since WWI in related facilities.
MENTIONED IN THIS ARTICLE
New York
Standard Oil Co
N. J
Jersey Standard
Eugene Holman
Jersey
Middle East
Jersey Company
Holman
Dividends Cut by Axe Houghton Fund Inc. 1957 Outlook
The company reports an eight cent per share dividend mix with seven cents from investment income and three cents from capital gains. January 28 payment to January 7 record. About 80 percent of the 1957 western hemisphere outlay will be spent, with Europe receiving earmarked balance. The United States, Canada, and Venezuela to get the major share of the one billion dollar Western Hemisphere budget, though specific allocations are pending. The oil industry had a strong year in 1958 with U S petroleum product consumption running ahead of 1955. Suez disruption lessens impact due to diversified global activities. increases in production and purchases overseas to offset Middle East losses. Ventures Ltd and other firms announce quarterly per share dividends with various record dates. European needs met via Jersey U S Caribbean affiliates, aiding tanker space and cost. Jersey's projected 1956 profits near 800 million dollars, about $4 a share, versus 1955 earnings of 709 million dollars or $3.61.
MENTIONED IN THIS ARTICLE
Axe-Houghton Fund
8” Inc
lewa-Illinois
Western Co
Holman
Europe
United States
Canada
Venezuela
Suez Canal
Middle East
Jersey
U. S. Caribbean
South Africa
Texas utilities and firms paying stock and regular dividends
A list of companies including Texas Utilities Co Calaveras Land & Timber Corp Neptune Meter Co John Morrell & Co Butterick Co Easter Bakeries Hartford Steam Boiler Belmont Iron Works Northwest Engineering Co notes on regular quarterly cash dividends stock dividends and fees with payment and record dates.
MENTIONED IN THIS ARTICLE
Calaveras Land .& Timber Corp
Neptune Meter Co
John Morrell & Co
The
Butterick Co. Inc
Belmont Iron Works
Northwest. Engineering Co
Six Month Profits Mixed for Industry Firms
Kaiser Aluminum shows six month net of 16.945 million or 1.05 a share on sales of 169.696 million, up from 18.01 million and 154.58 million a year earlier. American Distilling reports annual net 1.333 million or 3.07 a share vs 1.198 million or 2.62 previously. Southern Indiana Gas and Electric posts 12 month net 2.317 million or 1.91 a share. Standard Milling 93,454 for the quarter. Robbins & Myers 316,858 or 0.60, Todd Shipyards announces a special issue with January 15 payment and record January 8.
MENTIONED IN THIS ARTICLE
Awales
Law Lassie Mizh Low
Alco
OS Ist
Allen Cp Est AG
Monsen Cho Tb
Allez L
Gay
Monter Qi
Allied Sirs
Mont Ward
Mum Ltd
Motorola
Alcoa
Bosch
Am & F Pw
Am Gas & Ei
NY Central
Am Hardware
Ch & SL
MIC & Hart
M& Fdy
Ari
Shinbd Motors
Bath
Nia Mf Pw
North West
Nor Pac
Ohio
jArmeo
Oliver Co
Armour & Po
AP Ash
Alr Ag
Ai Atchison Sa
Pepal Cola Ia
Bait & Oh
Philca
Bendix
al Benguet
Beth Steel Ze
Boeing Air Ja
Bullard
Burroughs
Raytheon
Rex Drug
Cdn Pac-tye
Resn-Mel
Ih Va
Cater Trac
Rohr Airc
Esftway
San Foye
Chicazo Cp
St Rez Pap
Schenley
Bp&pac
Chrysler Ga Ags
Sears Rock
Climax Mo
Sinclair
Coca Cola
Aly Ol
Cole Palm
Socony
SA Cole F & Ir
Southern Co
Spetry Ra
Cosden
Way Crane Co
Stauff
Curtis Pup
Buntay
Swit & Co
Wid Ank Og
Decca Rec Deere Ie
Vétna Insur
Allan Life
del Law
Texas Co. Es
Fid. C
Gen. Life
Doug Alre
Hartford
Fire
Vow
Firestone
Connecticut Industrials
Rooa Air 1B
Walker & Co Ford Moi
Ansonia
Elec Ie
Arrow-Hart Hege
Elman
Gen Motors
AZ Ns
US Steel
Goodrich
Dictaphone Corp
Goodyear
Vanad Cp
Etthart
Grace & Co
Fatre Airmiinghany
Mandy Harman
Kertie
Landers Frary Ci
Wison & Co
Mann
Max. Moore
Heyden Ch
Woolworth
Marlin Rockell Wayne
New Britain
Romesti
Say
Worthington
Steeaya
jHoust Loe
Yngst &H & T
Inland
Johns Man
Jonts & Lye
Kaiser
Os Abe Ab
Priere
Smith
Ramsar de Co
Mic
Kenne
Mack Trk
Mutine
Tex Fast Tran
Martin Guee
Tiscit Gas
Menge
P Merck
West Mass Co
Merr Ch
Kaiser Aluminum & Chemical Corp
American Distilling Co
Southern Indiana Gas & Electric Co
Standard Milling Co
Robbins & Myers Inc
Stock Exchanges Open Dec 31 Across Regions
The report states that stock exchanges in the United States and Europe will be open on Monday Feb 1 with payment dates set for Feb 1 and March 15. It mentions River Brand Mills Inc and Leslie Satt Co as part of the market notices.
MENTIONED IN THIS ARTICLE
River Brand Mills Inc
New York
Seecura
Leslie Satt Co
United States
Canada
Europe
Texas Utilities reports 12 month net income per share
Texas Utilities Co. reports a 12 month net income ended Nov. 30 of $28,309,768 or $2.32 a share. The report mentions other company figures and upcoming pay dates while noting market and grain exchange actions.
MENTIONED IN THIS ARTICLE
New York
Texas Utilities Co
Navy
Eastern Industries Inc
Chicago Board of Trade
Ldc
American Pulley Co
Winnipeg
Comn
New England Electric predicts record 1956 results
Boston December 27 Dow Jones New England Electric System expects record gross revenues and net profits for 1956 Irwin L Moore president says net income about 13.4 million 1.26 per share on 10 576 357 shares vs 12.4 million 1.24 on 10 019 707 shares in 1955 Gross revenues rise from the 130 3 million 1935 high Gas operations grow in importance and a 59 7 million capital program is planned for 1957 focused on a 150 000 kilowatt Salem Harbor unit and transmission facilities
MENTIONED IN THIS ARTICLE
Boston
New England Electric System
Irwin L. Moore
Dow Jones
Moore
New England ‘Electric System
Salém ‘Harbor
Mass
Also Mentioned on This Page
N. H
Warren
General Electric Company
Jen B. Warren
Robert Paxton
G-E
William §. Ginn
Pittsfield
Rohr Aircraft Plans
Ste
Pierre Saairnotl
Heubtela
Harlford
Coan
Union Pacific
Huws
Shewers Besine
Root & Fleer Brains
Tts
Studebaker - Packard
Pennsylvania Railroad
Standard Oi
New Jersey
CRA
Fruchaul
Anaconda
Lukens Gyrates
Lukens Steel
Chrysler
United Aircraft
Kennecott Copper
Ford
International Paper
Santa Fe
Kansas City Southern
Louisville
Nashville
Winds Central
Gulf Oil
American Stock Exchange
British Petroleum
Molybdenum
A&p
Glen Alden
Woodley Petroleum
I Canadian Marconi
Reece
Ralls Dedaee
Isane
isLse
Utilities
Bel
Tacome Railh
Penn RR
NJ Vetes
Radio Ve
Fruehaut Treaagada Ry
Westingh E
Reyal Dutch
Amer Mirs
Estes
Smith, Ramsay & Co
Connecticut
Paper Mill
Peabody Coal
Peabody Coal Co
Peabody
Melvin H. Baker
National Gypsum Co
Harold R. Berlin
Johns Manville Corp
Stanley Woodward
Ruberoid Co
World Bank
U. S
General Electric
Coshcoeton
Coschoctor
Sylvania Electric Sylvania Electric Products, Inc
Sylvania
Bankruptcy Court
Tamac
Vann Afiaial Batet
Ridpou City Trust OM
Astea Coan
Bankers
Bank of Y. QI
Ai Chase—Manhator
Guaranty Trust
Manover
Heyden
Newport
Heyden Chemical Corp
Newport Industries, Inc
Simon Askin
Armin A. Schlesinger
Heyden Newport Chemical Corp
Kaiser Aluminum
Todd Shipyards Corp
N. B Electric
Mutual Funds
Norman V. Nacey& Associates
Atomic Development Fund
Eaton & Hard Briced Fund
Fundamental Investors
Incorporated Investors A
Mass. Investors Trust
PAF
Pioneer Fund
Wellington Fund
Knot
Lee
Esas
U.S. Garages, Inc
Dixwell Ave
New Heaven
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