Lack of Quorum Closes Central of Georgia Meeting
In Savannah on January 18 the Central Railway of Georgia held its 1956 stockholders meeting for one day due to quorum absence. Frisco Railway controls 55.5 percent, dispute over legality of this control ongoing. Directors approved 1.911 million dollars for 53 miles of track in a 1,800 mile network across Alabama, Georgia, and Tennessee. New York brief reports Keith Richard Securities with a temporary injunction for improper books and capital shortfalls.
MENTIONED IN THIS ARTICLE
Savannah
Central Railway of Georgia
Interstate Commerce Commission
St. Louis‘San Francisco Railway
Central of Georgia
Frisco Railway
Frisco
ICC Examiner
Interstate Commerce Act
Georgia Railroad
ICC
Examiner
Ilinois Central Railroad Co
Seaboard Air Line Railroad Co
Alabama
Georgia
Tennessee
New York
Frederick A. P. Bryan
Keith Richard Securities Corp
Securities Exchange Act
Securities and Exchange Commission
SEC
Keith
Air Force awards nine contracts totaling over 25 million
Air Materiel Command announced nine contracts valued at more than 25 million. Stewart Warner Electronics gets 4.84 million for communications gear while Boeing wins 6.88 million for B 2 bomber facilities. Sundstrand 3.21 million for F 106 parts. Lear 2.56 million for control parts. GE Milwaukee 1.84 million for radar camaras and Evie PA 1.64 million for generators.
MENTIONED IN THIS ARTICLE
Wright Patterson Afb
Ohio
Air Materiel Command
Stewart Warner Corp
Boeing Airplane Co
Sundstrand Machine Tool Co
Lear Inc
General Electric Co
Milwaukee
Evie
Sessions Extended on Rubber and Hide Trading Hours
New York Jan 18 The board of governors of the Commodity Exchange act to extend rubber and hide trading sessions by half an hour effective Feb 1 The rubber market will close at 3 25 p m and hide futures will cease trading at 3 30 p m
MENTIONED IN THIS ARTICLE
New York
The
Commodity Exchange
Oklahoma Gas and Elec Bond Issue Authorized
Oklahoma Gas and Elec Co. has its $20,008,000 issue of first mortgage bonds, at a specified percentage, placed under subscription. Halsey, Stuart & Co., Inc. acted as manager.
MENTIONED IN THIS ARTICLE
New York
Oklahoma Gas & Elec Co
Halsey, Stuart & Co., Inc
GM Delays Sunnyvale Auto Plant Expansion
General Motors slows plans for a Sunnyvale California plant to assemble Buicks Oldsmobiles and Pontiacs delaying completion. Detroit says revisions cause uncertainty on duration and whether engineering changes or altered production schedules are involved. The facility was to cover 217 acres and produce about 190000 cars annually under normal operations.
MENTIONED IN THIS ARTICLE
San Francisco
General Motors
Sunnyvale
Calif
Detroit
Oil allowables rise for February in Texas
The Texas Railroad Commission announced that February oil allowables will increase by 92 970 barrels daily from the January 12 level, totaling 3 543 672 barrels daily. The rise marks a new high, beating the January 12 figure of 3 450 702 barrels a day, though it falls short of the higher purchases sought.
MENTIONED IN THIS ARTICLE
USTIN
Texas
Texas Railroad Commission
ARO Equipment reports record year across divisions
Marquard J. Anderson, president, announced 1956 was one of ARO Equipment Corp.s best years with each division posting higher sales than 1955. Air Tool division set a new high, Lubricating Equipment line also sold at record levels, and Aircraft division backlog stood nearly 3 million dollars higher than the prior year. Prospects for 1957 point to further gains.
Wall Street Plunges After Broad Selloff
The New York Stock Market fell sharply in a late wave of selling the day after Russia and China vowed to protect the Near and Middle East from aggression. Pivotal issues dropped from fractions to four points as ticker tape lagged behind near closing.
MENTIONED IN THIS ARTICLE
New York
Egypt
Near
Middle East
Raytheon says no merger talks underway
Boston January 18 Raytheon Manufacturing Co president Charles F Adams told Dow Jones there have been no merger discussions with any party that could lead to anything constructive He made the denial amid a sharply lower stock market with the Dow Jones average down and volume rising Bethlehem Steel North American Aviation and Raytheon were among the active stocks as the market re priced ahead of the weekend traders cited profit taking and technical factors.
MENTIONED IN THIS ARTICLE
Boston
Raytheon Manufacturing Co
Charles F. Adams
Dow Jones
Federal Reserve Board
Wall Street
Associated Press
New York Stock Exchange
Bethlehem
Bethlehem Steel
North American Aviation
Raytheon
Benguert
Youngstown
General Motors
United Aircraft
Caterpillar
du Pont
Allied Chemical
International Paper
Nickel Plate
Gulf Oil
Eastern Air Lines
American Telephone
Southern California Edison
American Stock Exchange
British Petroleum
Woodley Petroleum
Fairchild Camera
Cuban Atlantic Sugar
New Jersey Zinc
U. S
Connecticut Industrial Prices Reported by Q BK Walker
Connecticut price data from Q and BK Walker and Oa detailed in the bulletin shows current industrial costs and index movements. The report highlights fluctuations in key sectors and notes potential impacts on production planning and market pricing across the region.
MENTIONED IN THIS ARTICLE
Connecticut
Walker & Oa
Fire alarms toll Fairfield market no blaze found
Fire alarms rang at First National Supermarket on the Post road Fairfield with no fire. Firefighters from Center South Port and Tunxis Hill responded to the first call at 12 47 p m and the second at 1 11 p m only the Center company answered the second alarm. cause is not established.
MENTIONED IN THIS ARTICLE
First National
Post Road
Fairfield
Yester
Center
Port
Tunxis Hill
Market Moves Involving Alcoa and Other Firms
Aluminum Co. of America filed for a secondary offering of 250000 common shares led by First Boston Corp. Arthur V. Davis will hold about 46 percent after the sale. Temco Aircraft won a 16000000 Navy contract for a new guided missile system. Douglas Aircraft registered 36000000 convertible debentures due 1977 with underwriters Merrill Lynch and Kuhn Loeb. Eli Lilly projected 1955 like earnings with net sales around 181.6 million and per share between 3.80 and 3.96. Oil prices face headwinds as Chase Manhattan downgrades near-term gains. Carrier Corp. increased Elliot Co. stake to 114700 shares and 5 percent preferred. IBM raised prices on Executive and Standard typewriters by about 5.4 percent effective Feb 1. Royal McBee and others followed last year.
MENTIONED IN THIS ARTICLE
Adams
Abbott L
Moat
Teadue
Motorola
Allég Cp
jAller L Bt Leo
Asy
Allied
Alcoa
Amerada
NY Central
Jam Gas&El
M&fdyb
Am Sa
Olin
Reese
Am Tel&Tel
WAY
Pac G & el
ARM
Pan AW Air
Armeo St
Pepsi Coleta
pArmour & Co
Pilter
Phelps D Ao
Vanes
Philip Mor
EAG + Oo
Balt & Oh
Ate
Si Bendix
Pullman Publick Ind
Benguet
Beth Steel
Vary
Boeing Air Tb
Rasthean
Borden
Répub
Borg Warn
TOY Brikes
Repub Sil
Sau
Budd Co
Rox Deve A
Bullard
Burk Ind
Reus
Shee
Schering Ta
Feab AL RF
Sears Rees la
Bindhir
Ches & Oh
Spapac
Southern Coco Ags
Chrsaier
Bou Pac
Sean SF
Ciimax
Sperry Rd Co
Bolegel
Cole Fair
Ind
Gwite & Cot
Texas Co
Crane Co
Tex
Curtis Pub
Tex Pc&o
Curtias
Car Air Ag
Decca
Delft
Alse
Mo & Mid
Firestone
Ford Mottte Az
Tynan
Vanad Cp
Elec
Fas Sazy Sazy
Arrow-Hart Hesemn
Gillette
Geedrich
Wilton & Ce
Goodsear
Woolworth
Randaphone Corp
Grace & Co
Gay
Greyhound
Farrel Birmingham
Ste Randy Barman
Gulf Monsoy Ca
Landers
Frary Crs
Rockell
Marow Ain
Howe
Eastern Steel
Taland
Oeath North
Burdich
Alwood
Kern
Marine Mid
Merck
Dar
Tenn
QI Bay
Middie
Trent Gate
West Mass Co
Douglas Aircraft Co., Inc
SEC
Merrill Lynch, Pierce, Fenner & Beane and Kuhn, Loeb & Co
Eli Lilly & Co
Eugene N. Beesley
Lilly
International Business Machines Corp
Royal McBee
Catterpillar
el Paso Natural Gas Co
Delaware
Mountain States Telephone & Telegraph C O
American Telephone & Telegraph Co
Portland Gas & Coke Co
First Western Bank & Trust i Co
San Francisco
First Bank Stock Corp
Minneapolis
Manufacturers National Bank
Detroit
Dividends Declared by Multiple Corporations
A wide list of dividends and stock splits announces quarterly payments and record dates for numerous companies including Fruit of the Loom, Great West Coal, Consumers Glass, Metropolitans Edison, and Shell entities. Payments range from 12.5c to 75c on common shares with schedules through March and April. Records show Jan dates for some, February for most, with several March pay dates and extra stock distributions noted.
MENTIONED IN THIS ARTICLE
Allied Millis, Inc
Armstrong Rubber Co
Reg jQuar
Fall River Gas Co
Fruit of the Loom, Inc
Institutional Foundation Fund
Monumental Life Insurance Co
Baltimore
Portland Gas & Coke Co
Missouri Natural Gas Co
Hydrometals Inc
Great West Coal Co. Ltd
British Columbia Telephone Co
Catelli Food Products Ltd
Consumers Glass Co. Ltd
Continental American Life Insurance Co
Hercules Cement Corp
Vogt Mfg. Corp
Griesedieck Co
California Electric Power Co
Penn Fruit Co, Inc
Sunray Mid-Continent Oil Co
U. S. Pipe & Foundry Co
Southern Natural Gas Co
IS. S. White Dental Mig. Co
Plymouth Rubber Co
Sunshine Biscuits, Inc
Metropolitan Edison Co
McIntyre Porcupine Mines, Ltd
Reliance Electric & Engineering Js
Weed Newspaper Machinery Corp
Detroit Steel Corp
Great Northern Bay Co
Sliac
Time Incs Strong 1956 Profit Beats 1955 Share Value
Time Inc reports 1956 earnings near 6.75 a share excluding Houston Oil Co sale profits. Net income per share rises from 4.72 to about 6.5, with a 15.1 million post tax capital gain from Houston Oil liquidation and a 12.5 million net from St. Regis Paper sale. Caterpillar and El Paso Natural Gas also post higher yearly results.
MENTIONED IN THIS ARTICLE
Times, Inc
New York
San
Time, Inc
Maurice T. Moore
Roy E. Larsen
Houston Oil Co
Houston Oil
East Texas Pulp & Paper Co
Paperboard and Pulp Producer
Houston
East Texas
Time
St. Regis Paper Co
Equitable Life President Quits Over Differences With Board
Charles W. Dow resigns as president of Equitable Life Assurance Society of the United States over differences of opinion with the board on organizational matters. Ray D. Murphy to assume duties as chairman and president. Dow, 54, declines comment and jokes about a vacation.
MENTIONED IN THIS ARTICLE
Equitable Life
New York
Charles W. Dow
Equitable Life Assurance Society of
United States
Dow
P&G Takes Over Charmin Paper Mills Assets
Procter & Gamble Co announced completion of the transfer of Charmin Paper Mills assets of Green Bay Wisconsin to a wholly owned new subsidiary. Acquisition approved December 21 by Charmin shareholders. The new subsidiary will be Charmin Paper Products Co and operate independently of Buckeye Cellulose Corp.
MENTIONED IN THIS ARTICLE
Cincinnati
Procter & Gamble Co
Charmin Paper Mills, Inc
Green Bay
Wisc
P&g
Charmin
Wisconsin
Charmin Paper Products Co
Neil McElroy
Buckeye Cellulose Corp
Also Mentioned on This Page
AIR Force Contracts
Oklahoma Gas & Elec
Norman F. Dacey & Associates
Inhaled Fund
Faten & Howard Sal
Turum
Dana Fess
Investors Trust
Wellington
ARO
State St
Bridgeport, Conn
Ad0.t Mutual Fundy
Earveseeeye
Nor Am Avila
U.S
Pocde
Teem Emity
Ramsay & Co
Abhee Aetna Insurance
Atina Life
Wartford
National
Emich, Ramsay & Co
Fairfield Market
TEMCO
Temco Aircraft Corp
Navy
Douglas Aircraft
Eli Lilly
Chase Manhattan Bank
Carrier Corp
Elliott Co
Elliot
Carrier
Elliott
IBM
Smith, Rarsay & Co
Bankers Trust
Bank of N.Y
Ak Oy Mansver Bk NY
Teving Trupt
Jaffra Trust
Ath
M.Y. Trust
Great Lakes Dredge & Dock Co
Caterpillar Tractor
G Takes
Charmin Paper Mills
Boghuck
SEARS
Phillips Furniture CO
Boston Ave
G. E
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