United Fruit Antitrust Suit Settled by Consent Decree
The Justice Department announced a consent decree settling the antitrust suit against United Fruit Co. filed in New Orleans federal court. The decree forces United to give up 35 percent of its import business, liquidate Banana Selling Corp., and divest from International Railways of Central America while banning banana ripening and sale in the U.S. and restricting further banana investments in the tropics.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
United Fruit Co
Federal District Court
New Orleans
United
Central America
United Fruit
U.S
Saco-Lowell Reports Large Loss Amid Textile Slump
Saco Lowell Shops posted a net loss of 120 044 for the 52 weeks ended December 1 as orders show no significant rebound from a reduced 1957 level. The firm notes 1956 results of 1 963167 or 3 60 a share and cites the peacetime textile machinery depression since the 1930s. A Michigan State study finds former college athletes live about 74 years and die of similar causes as non athletes.
MENTIONED IN THIS ARTICLE
Boston
Saco- Lowell
Saco-Lowell
Michigan State
Oil Firms Report 1957 Profits Across Several Companies
Summary of 1957 earnings across oil, chemical, retail and utility firms. Centinestal Oil, Atlantic Refining, Safeway Stores and others report net incomes and earnings per share. figures include shares outstanding and year over year comparisons. Notable items include Safeway 30,906,876 total net and 2.48 per share and Duquesne Light 39,167,544 net or 2.53 per share.
MENTIONED IN THIS ARTICLE
Sum Oil Co. and Subsidiaries
Centinestal Oil Co
Atlantic Refining Co
Safeway Stores Inc
Liggett & Myers Tobacco Co
Vick Chemical Co
Walter E. Heller & Co
Sharon Steel Corp
Warner Lambert profits soar in 1957 earnings up sharply
Warner Lambert Pharmaceuticals reports 1957 earnings about $5.43 a share, from $4.63 in 1956, with worldwide sales near $176 million versus $153 million. Listerine sales rose 23 percent, while a new anti-bacterial surface product Sterisil debuts. The firm plans higher sales and earnings in 1958 and emphasizes blood vessel drugs and thyroid research.
MENTIONED IN THIS ARTICLE
New York
Ernings
Warner-Lambert Pharmaceutical Co
Alfred E. Driscoll
N. Y
Driscoll
Pancoastal to distribute San Jose Petroleum shares
Pancoastal Petroleum Co. will distribute 904,720 San Jose Petroleum shares to its holders, one San Jose share per four Pancoastal shares, on record February 17, 1958. San Jose Petroleum owns San Jose Oil Co. which has oil concessions on over 2,000,000 acres in the Philippines.
MENTIONED IN THIS ARTICLE
New York
Pancoastal Petroleum Co
C. A
San Jose Petroleum, Inc
John S. Bailey
Pancoastal
San Jose Petroleum
San Jose
San Jose Oil Co
Philippines
Pantepec Oil Co. C. A
Funds report yearend assets across several investment groups
Wellington Fund Inc reports yearend assets of 604.6 million dollars or 11.56 a share on 52.3 million shares, while Investors reports 410.2 thousand dollars or .01 a share on 30 million shares. George Putnam Fund of Boston shows 133.2 million dollars or 10.85 a share on 12.3 million shares, with Penmoad and others posting varied totals. Combined 1957 net income stands at 6.45 million versus 18.73 million in 1956.
MENTIONED IN THIS ARTICLE
Wellington Fund, Inc
Met
Earend
George Putnam Fusd
Boston
Penmoad Corp
T. Rowe Price Growth Stock Fund, Inc
New York Capital Fund of Canada, Ltd
American European Securities Co
New Exigland Fund
Texas Utilities Co Awards Stock Issue
Eastman Dillon and Union Securities won the bid for a 340000 share common stock offering by Texas Utilities Co at 47.91 1 2 dollars per share. The stock will be reoffered at 48.87 1 2 dollars per share.
MENTIONED IN THIS ARTICLE
New York
Eastman Dillon
Union Securities & Co
Texas Utilities Co
Dividend notices from multiple firms in 1950s markets
A list of scheduled quarterly dividends from firms including Dividends May Department Stores Co and Humble Oil & Refining Co with amounts per common share, payment dates in March, February and April, and record dates ranging Feb 14 to Feb 28, with additional notes on prior quarters and minor variations. Entities include Century Industries Inc, Electrolux Corp, Equitable Life Insurance Co of Canada, Indiana Gas & Water Co, Duquesne Brewing Co, and United Artists Corp among others.
MENTIONED IN THIS ARTICLE
May Department Stores Co
Dew Chemical Co
Buffalo Forge Co
Century Industries Inc
Humble Oil & Refining Co
American Electronics Inc
Crystal OU & Land Co
Duquesne Brewing Co
Electrolux Corp
Equitable Life Insurance Co. of Canada
Indiana Gas & Water Co. Inc
Reguar
Institutional Bank Fund
Jaeger Machine Co
H. D. Lee Co
Northern Insurance Co
Simonds Saw & Steel Co
Waite Amulet Mines Ltd
LEN PROFIT SLES Carlisle Corp Reg quar 12 1-2 cents
Kansas City Power Light Co reg quar 50 cents on common pay March 20 record Feb 28 JKR Ameriki to Louisville & Nashville Railroad qtrad 60 cents on common pay today net for 12 months to March 1 shows $19 304 347 or 7.96 a share Cone Mil Corp usual year 20 share on 2 436 379 shares vs 25 cents 026 613 or 10.70 a share on 2 40 a hoe on pe Per 000 shares in 1956
MENTIONED IN THIS ARTICLE
ED Morse
New York
New York Stock Exchange
Associated Press
Abbott L
Admiral Breesee
Erere
Vances
Monsan Chile
Aves
Allied Chaboy
Mont Ward 2As
Allied Strs
Motorola
Alum Ltd
Atcoa
Bosch
NY Central
I: Am & PF
Chastenes Op
Gas & el
U. S. Treasury
AAVY
Nhahert
NorthWest
ALY
Nor Pac
TelaTet
Acoada
Aay SY
Oliver Cp
Armco Sd
Pac G&e
Armour & Ca
Ty Storm Cellers
Pa PwaLt
Atchison
Peps Cola
Aveo Mir
Phelps D Ga
Bald Lima
Phila el
Iew Jones
Balt G&e
Philip Mor
Bendix
Phue Pet
Benguetth
Beth Steel
Boeing Ale
E&g
Borden
Bie Publick Ind
Pia Aim
Pullman Éa
Bors Warn
Briggs Mt Weees
RCA la Ea
Baberd ‘ Sone
Raytheon
Burl Ind
Repub
Burroughs
Repub Tl
Rex Drug
Royal Dutch
Richard of
Bethlecase
Hem Steel
Safeway St
Ren Amd
Safeway Stores
Cen & BW
St Reg Pap
Cer de Pag
Schenley
Sean FS
Fruehaut
Schering
Getty Oil
Ches & Oh
Lal Seab
Brad Arene
Memphis
Tenn
Sverry
ComSolv
Spiegel
Curtisse
Sinray
Curtiser Pub
Switch & Co 2A
United
Viz
Silv el Pa
Ers
Philadelphia
Reading
Decca Rec
Texas Co
Deere
Doug Aire
Youngstown Dow Chem
Text
du Pont
Ilinois Central
Johns-Manin East
Vouy
Losy
UN Carbide
Lle
Sinclair
el & Mus
UN Puca
E American Stock Exchange
Emer Fed
UN Pac
Air Lin Sa
Fairch
United Cp
Sa Sat
Firestone
Fruit
Todd Shipyards
Food Fair Up Ee WS
Aay
UN Gas &P
Con
Shovel
Ford Mat
Creole Petroleum
Ieee
Gittente Ga
U. S
Gov. Goodrich
Bai West Ua Tar Penn Et Iyo Gs
Goodyear
Greyhound
Witton & Cows
Gramaire
Woolworth
Cam Moboo
Zenith Radga
Heyden
Komestic
Howe
J Toland
Xtc
Bridgeport Brass
Bullard Company
Paper Ap
Pave
Janis Man
Crane Company
Ray
Harvey Hubbell
Jones
Locke Steel We
Wa Kaiser al
McKesson Robbins Peers Sry
Remington Arms
AO Underwood Corp
United Aircrate
Kee Lin McNal
Cire & My da
Aya
Lone S Garteb
Tong
Lonllard
Mark
Marine
Martin Co
Sal
Mengel
Merck Ta
Mere Ch&s
Middie
National Cylinder Gas Co
United Artists Corp
John B. Stetson Co
United Elastic Corp
Uusal
Noranda Mines, Ltd
Aunor Gold Mines, Ltd
Normetal Mining Corp., Ltd
Peta
Quemont Mining Corp., Ltd
Uasal
Uasal Quar 15 Cents, Pay March 32 Record March 3. American Machine & Foundry Co
Kansas City Power & Light Co
JKR
Louisville & Nashville Railroad
Common
Pay Today
Cone Mil Corp
British reserves rise $131 million in January
Britain's gold and dollar reserves climbed by $131 million in January, reaching $2,404 million on January 31. The gain follows a steady rise after last fall's credit squeeze, with December up $88 million.
MENTIONED IN THIS ARTICLE
London
Britain
Treasury
Philadelphia and Reading Declares 40 Cents Dividend
Philadelphia & Reading Corp. declares a 40 cent dividend on common payable Feb. 28 to record holders. This is the first payment since 25 cents was disbursed in July 1853. Howard A. Newman, president, says the dividend rate will not hinder expanding earnings through new subsidiaries. Earnings across divisions have been profitable for two years and long-term debt from Union Underwear Co. and Acme Boot Co. acquisitions has been substantially reduced.
MENTIONED IN THIS ARTICLE
New York
Philadelphia & Reading Corp
Stockhholders
Howard A. Newman
Union Underwear Co
Acme Boot Co
Mutual Funds Closing Prices From Norman F. Dacey
Closing prices for funds listed by Norman F. Dacey show ranges and single values for multiple trust and stock funds. Notable entries include Commonwealth Income Fund at 7.98 to 4.9, Fidelity Fund around 19.22, and Pioneer Fund at 33.05 to 14.18, with other values across Eaton & Howard and Wellington funds.
MENTIONED IN THIS ARTICLE
Canada
Commonwealth Income Fund
Commonwealth Investment
Eaton & Howard Bal
Fidelity Fund
Incorporated Investors
Aluss. Investors Trust
Pioneer Fund
Tv-Electronics Fund
Wellington
Seaeeses
Insurance Stocks Prices From Smith Ramsay Co
Insurance stocks listed with prices and yields include Aetna Insurance and Aetna Life with values around 2.60 and 5.40, Amer Fid Cas, Conn Gen Life, Hartford Fire, Home Insurance, National Fire, Peerless, Security, and Travelers. Yields range up to the high single digits and fractions, reflecting varied market activity.
MENTIONED IN THIS ARTICLE
Smith, Ramsay & Co
General Tire declares 2 percent stock dividend
General Tire & Rubber Co announces a 2 percent stock dividend on common stock payable March 31 to holders of record March 10. A regular quarterly cash dividend of 17 1 2 cents on common is payable February 28 to record February 17. No fractional shares will be issued. cash or additional fractional shares may be used to complete a full share. William O'Neil says fiscal 1937 sales will rise over 7 percent with about 4 percent higher net earnings, though earnings per share will drop due to more shares outstanding from conversions.
MENTIONED IN THIS ARTICLE
AKRON
General Tire & Rubber Co
Genera
Tire
William O'Neil
O'Neil
Detroit Gray Iron Foundry Again Delays Dividend
Detroit Feb 4 The Detroit Gray Iron Foundry Co again took no action on a common dividend. The last payment was five cents in September 1957.
MENTIONED IN THIS ARTICLE
Detroit
Detroit Gray Iron Foundry Co
Also Mentioned on This Page
American Tropics
International Minerals & Chemical Corp
Parker-Hannifin Corp
Duquesne Light Co
Hartford Electric Light Co
Southern Indiana Gas & Electric Co
Park City
Home Savings and Loan Association
Wall Street
Warner-Lambert
Local Industries
Froma
Ridder & Co., Inc
Connecticut
Connecticut Industries
G. H. Walker & Co
Bankers Trust Qi
Bank of N
ChastManhatn
Chemical-Cormar
Empire Ae
Vh First N City Bk
Cuno Eng
Tea Guaranty ‘Trust
Dictaprone Corp
Hanover
Bk NY
Feving Trust
Stark Emhart
Fafnir
Mirs ‘Trust
Aimay
Farrel Birmingham
Randy Harman
Kerite
Landers
Marlin Rockwell
New Britain Machine
North Judd
Peter Paul
American Exchange
A.M. Xidder & Co, Inc
Smith, Ramsay
Dir
Ipty Hydraulic
Chirl Maire
Catri
My. Hild Gas
Janet Sale
Ratvey Hubbell + i
Hamp
Katrer Industries
South NE
Boty
Pattepecus Og
Tober Eee
Tenn Gas Trans
Seeay
Tex Rast
United Tigma
United Aireran
West Mess Co
Dow Jones
A. Tra
Occas
Oor Banepepesss Hess
Aes Veeetenseers
Mers Beth Sil
Westinghouse
Westpan Hydrocarbon Co
Ussual
Weyerhauser Timber Co
Allied Kid Co
Reg
LEN
Carlisle Corp
PHILA
Normans F. Dacey
General Tire
Stee Street
Barney's
East Main Street
Coas. W. Scranton «Co
John ST
Bridgeport
Weetport
Neewalk
Enterprise
Norman J. Gaynor
Arthur O. Jounings
New Haven
the Housatonic Public Service CO. Common Stock
Derby
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