Utilities report varying annual earnings across companies
American Gas & Electric Co posts 12 month net income of 40,032,599 dollars or 2.04 a share on 19,667,473 shares, up from 38,215,984 dollars or 1.95 a share. New England Telephone & Telegraph reports 29,001,490 dollars or 9.01 a share on 3,217,845 shares. Carolina Power & Light 10,338,746 dollars or 1.64 a share on 5,430,000 shares versus 9,368,985 dollars or 1.70 a share on 4,600,000 shares. New Jersey Natural Gas 1,072,093 dollars or 2.23 a common share versus 837,974 dollars or 1.90 a share. Minnesota Power & Light 4,150,858 dollars or 2.08 a common share versus 4,112,951 dollars or 2.06 a share.
MENTIONED IN THIS ARTICLE
American Gas & Electric Co
New England Telephone & Telegraph Co
Carolina Power & Light Co
New Jersey Natural Gas Co
Minnesota Power & Light Co
Alleghany Appeals SEC Ruling Over Investment Act Status
Alleghany Corp has filed an appeal with the Federal Circuit seeking to overturn a SEC denial of an exemption under the Investment Company Act for its new 6 percent convertible preferred stock. The company plans to argue this week in Washington as stockholders join the appeal.
MENTIONED IN THIS ARTICLE
New York
Alleghany Corp
Federal Circuit Court of Appeals
SEC
Investment Company Act
David W. Wallace
Alleghany
Supreme Court
Washington
ICC
Alleghany Exchange
Federal Court
McKesson & Robbins Reports Higher Profits and Sales
McKesson & Robbins Inc reports quarter earnings of 1.64 a share for the three months ended December 1 1956 up from 1.48 a share a year earlier and nine month earnings of 3.97 a share up from 3.27. Nine month sales rise 9 percent to 394 872 271 with gains in pharmaceutical lines and expanding chemical distribution.
MENTIONED IN THIS ARTICLE
New York
McKesson & Robbins Inc
George van Gorder
Dan Jones
Hartford Machine Screw to Build New Plant Near Greenville
Hartford Machine Screw Co a Windsor Conn division of Standard Screw plans a Greenville area plant to manufacture textile machinery parts. The facility will employ about 90 workers and cost over 400000 James A Taylor president said.
MENTIONED IN THIS ARTICLE
Greenville
S. C
Hartford Machine Screw Co
Windsor
Conn
James A. Taylor
Standard Screw Co
Bank Stocks Edge Mixed At Close With Gains For Several Firms
Prices from Smith, Ramsay & Co show U S Steel sliding to 64 1/2, Bethlehem issued down 1/4, U S Steel about 1/10 decline, Republic Steel up 1/8, Chrysler up fractions, Douglas up 2 1/2, United 2 4, Glenn L. Martin 1 5 8, Boeing 1/2, and several others advancing. The American Stock Exchange trades slower with volume near 850,000 shares. notable losers include Barium Steel and Imperial Oil.
MENTIONED IN THIS ARTICLE
Youngstown
Crucible Steel
National Steel
Republic Steel
Chrysler
Douglas
United
Glenn L. Martin
Boeing
American Telephone
Allied Chemical
Southern Pacific
Standard Oil
New Jersey
U.S
Southern Railway
Westinglhouse
American Cyanamid
Phelps Dodge and Radio Corp
General Tire
American Stock Exchange
Barium Steel
Creole Petroleum
Imperial Oil
Standard Oil of Kentucky
Webb and Knapp
Connecticut Issues New York Stock Prices in Connecticut Industrials
HL Walker & Co reports stock prices for New York stocks in the Connecticut Industrials column. The piece lists price movements and notable changes for several industrial names affecting local investors.
MENTIONED IN THIS ARTICLE
New York
Connecticut Industrials
Walker & Co
Alcoa to Boost Common Stock
Aluminum Co. of America directors propose raising authorized common shares from 25 million to 50 million to finance a 600 million expansion by 1960. No plans for issuing new shares now. Record date for the next dividend moved from February 20 to February 7. 30 cent dividend scheduled for March 10, 1957.
MENTIONED IN THIS ARTICLE
Pittsburgh
Directors of Aluminum Co. of America Today
Alcoa
Ashland Oil Stockholders Approve Shares Increase
Stockholders of Ashland Oil & Refining Co. approve increasing authorized common shares to 15 million from 7.5 million. Board cites use for dividends splits and future acquisitions, though no current plans exist. Everett F. Wells elected president succeeding Rexford S. Blazer who becomes chairman of the board. Paul G. Blazer named chairman of the executive and finance committees.
MENTIONED IN THIS ARTICLE
Ashland
Ashland Oil & Refining Co
Everett F. Wells
Ashland Oil & Refining
Rexford S. Blazer
Beanc
Paul G. Blazer
Local Industries Insurance Stocks Rise
From A. M. Kidder & Co. Lon, a market brief notes insurance stocks activity and upward movement in Local Industries shares as traders digest recent earnings and policy news.
MENTIONED IN THIS ARTICLE
A. M. Kidder & Co
Lon
Market News Highlights Cotton, Auto and Steel Trends
Cotton goods likely firmer after Japan agrees to five year cloth limits. Gingham and velveteen imports to be halved. Eisenhower may reject higher tariff protection. Brass mills see steady orders as auto demand shows strength, GM lags overall. January US auto sales up 8 percent from year ago. December down 15 percent. Steel orders from autos fall 30 to 50 percent for March deliveries, near term disruption expected. Walt Disney signs $9 million ABC TV deal for 1957 58. Bell and Howell quits fair trade Feb 1. GE delays Valley Forge missile center expansion. Macy files SEC registration for $12.28 million debentures.
MENTIONED IN THIS ARTICLE
Japan
Eisenhower
Dividend announcements from multiple corporations listed
The document itemizes quarterly and semi annual cash dividends across numerous companies. It notes payment amounts per share, payment dates, and record dates for firms including Ashland, Central Vermont Public Service, Koehring, Commonwealth Natural Gas, Consolidated Water Power, Dallas Transit, Canadian Breweries, Detroit International Bridge, Jaeger Machine, Kennametal, Nekoosa Edwards, Outboard Marine, Parker Petroleum, Paramount Pictures, Oswego Falls, American Insurance, National Screw & Mfg, Central & South West, Cunningham Drug Stores, EM Lilly, Goebel Brewing, and others with varied dividend rates and schedules.
MENTIONED IN THIS ARTICLE
Ashland Ol) & Refining Co
Reg Wilcox & Gibbs
Marchine Co
Central Vermont
Ce Corp
Koehring
Commonwealth Natural Gas Rusecy 15 Corp
Consolidated Water Power & Conduits National Co. Ltd
Us Paper Co
Dallas Transit Co. Reguar
Western Canada Breweries Ltd
American Insurance Co
National Screw & Mig. Co
Reg Quar
Central & South West Corp
Cunningham Drug Stores Inc
EM Lilly & Co
Goebel Brewing Co
Steel operating rates hover near capacity this week
The American Iron and Steel Institute reports the steel industry runs at about 97.5 percent of capacity this week, with an estimated production of 2,496,000 tons. Last week’s rate was 4-10 percent higher and output 2,467,000 tons, while the forecast had predicted 98.1 percent and 2,517,000 tons. the dip is viewed as seasonal.
MENTIONED IN THIS ARTICLE
New York
American Iron & Steel “Institute
Platinum Price Cut and Mixed Corp Earnings Report
Platinum has cut its price by five dollars an ounce for bulk sales and four dollars for retail, setting new levels at 98 to 101 dollars. Deere & Company reports annual net income of 20,058,457 dollars or 2.67 a share, down from 28,336,027 dollars or 3.91. Several firms report six to twelve month results, including O’Oklep Copper, Lee Rubber & Tire, Francisco Sugar, and Fidelity-Philadelphia Trust, with varying per share earnings and totals. The European platinum surplus, including Russian sources, pressures the metal’s U.S. price. Kansas City Southern Railway and Louisiana & Arkansas Railway post 12 month net income of 13,352,595 dollars.
MENTIONED IN THIS ARTICLE
Ear. O'Oklep Copper Co., Ltd
Lee Rubber & Tire Corp
Francisco Sugar Co
Cr & Co
U. S
Kansas City Southern Railway
Louisiana & Arkansas Railway
Fidelity-Philadelphia Trust Co
Wall Street Journal Ad Claims Personal Advancement Through Reading
A reader explains how subscribing to The Wall Street Journal boosted his earnings and status. The ad touts WSJ benefits for salaried workers, small business owners, and ambitious men, promising timely trends, accurate information, and profit potential. It offers a trial three months for six dollars and yearly access for twenty dollars.
MENTIONED IN THIS ARTICLE
Wall Street Journal
Mysel
The
Also Mentioned on This Page
New England
Mw’kesson
Carol Wa
Smith, Ramsay & Co
U. S. Steel
Bethlehem Steel
Bethlehem
Nly
Mbot City Trust
Bk Bol
Bankers Trust
Bank of N.Y
Irving Trust
Mrs
Connecticut
Motors
Bales Salev
Abbott L
Mo Pac
Alco
Monter Oil
Mont Ward
Motorola
Rye
Auto Indus- Ailfied
General Motors Allis Chat
Alum Ltd
Alvom
Nat
Boy Amerada
Bosch
Ch & SL
NH & Harr
Associated Press
Am &F
Am Gas & el
Nia
Maddy Ib
Am. Motors
Ul Nor Pac
Ohio
Oliver Cp
Pac G & el
Naconda
Armour & Co
Pwo& Bt
Ashl OM
General Motors
Avco
Philip
Philip Mor
Beld Lima
Ph Pet
New York Central
G & BE
North Amercait
Proct & G
Abu
AEN Oe
Ican Aviation
Bendix
Beth Steel
Borden
RCA
Bork Warn
Raytheon Wee Ee
Siarigas Mi
Repub Av
Jae
Repub
Budd Co
Tay
Bullard
Ms Burroughs
Campbell Boup
Royal Dut
al Case
Safeway
Schenley
Cen & SW
Schering van
Ches & Oh
Sears Roeb la
Sou Cal Edis
Climax No
Southern Co
Sou Pac
Colg Paim
Cole F&i
Sperry
A .Bob
Spiegel
Col Gas
Sunray
Swift & Co
Colden Pet
Na Crane Co
Ale Curtis Pub
Texas Co
Curtiss Wr
Decca
del L& Wiyt
Tidewat
Doug Airc Je
Dow Chem
du Pont
East Air Lab
Tory
Fl & Mus Lg
Emer Radrane
Ait Lin
Aire
United Cp
Firestone
Food Fair
Arrow-Hart
Va Caro
Goodrich
Goodyear
West An Tel
Titdaphone Corp
Grace & Co
Fannie Bearing
Wilson & Co
Wss
Farrel Birmingham
Greshound
Grum Aire
Woolworth
Handy Harmania
Gull Mob & Oh
Worthington
Yngst
Sh & T
Landers
Frary Cr
Hesden Ch
Zenith Radene
Marin Rockell
Houst L & P
Britain
Howe Snd
Northeastern Steel
Mt Cent
Neasterm Steel
Torrington Co
Tel & Tel
Johns Man Ab
Jones
Kaiser Ab
Kennecott Én
Ligg & My
Loew's
Marine Mid
Cy Ay Martin
Tenn Gas
Merck
Tex East Trans
Ash
Merry Cha&e
West Mam
American Exchange
A. M. Kidder & Co., Inc
American Maracaiboay Fon
Harvey Hubbell
Kaiser Industries
Pantepec
Singer Ice Oe
United Aircraft Pro Mutual Funds
Norman EF
Dacey & Associates Agked
Ria
Bae
Bo American Champee
Titi Smith, Ramsay & Co
Bridgeport Brass
Yoo Bullard Company Ee
Aesa Insurance
Casco
Los Agia Life
Crane Company Sewage
Ames F
Casmos
BAM
Hervey Hubbell Senna
Locke Steel
Harte Fire
Mekesson & Robbins
Herre
Nee
Rayhesics Inc
Sinnal Ine Ay A
Remington Atms
Cameo
John Street
Chas. W.scranton & CO. Mempers New York Stock Exchange
Bridgeport
Tel
Westport
Norwalk
Enterprise
Norman J. Gaynor - Arthur
Jennings Investors
New Haven
Dow Jones
Oeteee
Mitra
NY Central di
Nor
Am Avia Bene
Seseaae
Beth
L Martin Aeninte
Dynam
Brass Brass Mills
Cadillac
Fits March
Walt Disney Productions Inc
American Broadcasting Co
Leonard H. Goldenson
American Broadcasting - Paramount Theatres, Inc
Roy O. Disney
Disney Concern
Disneyland
Mickey Mouse Club
Bell and Howell Bell & Howell Co
Eastman Kodak Co
General, Electric
General Electric Co
Valley Forge
G. F. Metcalf
Missile and Ordnance System Department
H. Macy
R. H. Macy & Co. Inc
Macy
Ilebman Brothers
Goldman, Sachs & Co
SRV
Canadian Breweries Ltd
Detroit International Bridge Co
International Investors Inc
Jaeger Machine Co
Kennametal Inc
Nekoosa-Edwards Paper Co
Outboard Marine Corp
Parker Petroleum Co Inc
Southwestern Investors Inc
Lindsay Chemical Co
Alabama Power Co
Paramount Pictures Corp
Oswego Falls‘Corp
Hubinger Co
Broad St
N.Y
Florida
Patrick Air Force Base
Florida Field Station
California
New Mexico
North
Caroline
Mr. W. L. Duval
Mr. G
Forest
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