New Jersey Railroads Seek Monthly Tax Installments
Nine railroads operating in New Jersey warn they may be unable to pay over 18 million dollars in state and local taxes due December 1 1958 and propose monthly installments in 1959 without penalties or interest. Governor Meyner plans a July 11 meeting with Hudson Essex officials to discuss relief. signatories include New York Central Bethlehem Erie Reading Co Lehigh Valley Central of New Jersey Pennsylvania Reading Seashore Lines Delaware Lackawanna Western and New York Susquehanna Western Railroads. They also propose eliminating all taxes on passenger trackage property and facilities.
MENTIONED IN THIS ARTICLE
Trenton
N. J
New Jersey
Hudson County
Robert
E- B.meyner
Roads
Meyner
Hudson
Essex
Newark
New York Cental
Betneylvenia, Erie, Reading Co
Lehigh Valley
Central of New Jersey
Pennsylvania-Reading Seashore Lines
Delaware, Lackawanna & Western
New York Susquehanna & Western
Diners Club Seeks Esquire Club Acquisition in Talks
Diners Club Inc negotiates to acquire the Esquire Club, a 100000 member system with about 6000 outlets. Talks began Tuesday, with both sides declining to finalize terms. Ex Esquire director Stanley Frankel notes strong offers and mentions previous discussions with American Express that may resume if the Diners deal fails.
MENTIONED IN THIS ARTICLE
Diners Club Inc
Esquire Club
Esquire, Inc
Esquire
Coronet
Diners Club
Stanley Frankel
Frankel
American Express Co
American Express
Youngstown Steel Plants Operate at 43 Percent Capacity
Youngstown district steel-making will run at about 43 percent of capacity next week, verses 25 percent this holiday week. Last week output was around 49 percent. Sharon Steel Corp will restart Roemer Works in Farrell, Pennsylvania, with a blast furnace, five open hearths, and an electric furnace.
MENTIONED IN THIS ARTICLE
Youngstown
Sharon Steel Corp
Roemer Works
Farrell
Atomic Development Fund
Canada General Fort
Commonwealth Investment
Falon & Hird Bikced Fund
Korean Fidelity. Fund
Yee Baa
Nag Invatta Grih &Tk Prd
Somc Ponte
Ted Kingdom
Iron Curtain
William Bireet
Pioneer Fund
Television Electron Vor
Wellington Fund
Four firms join Sulphur Export Co to market overseas
New York July 1 Jefferson Lake Sulphur Co and Duval Sulphur and Potash Co have joined Sulphur Export Corp. to market sulphur abroad. Ownership will be shared among four U S sulphur producers by export volume. Last year the four firms shipped just over 30 million dollars in sulphur, with Freeport and Texas Gulf accounting for about 24 million. Webb and Pomerone Act allows industry firms to form a single corporation for business.
MENTIONED IN THIS ARTICLE
New York
Jefferson -Lake Sulphur Co
Duval Sulphur & Potash Co
Sulphur Export Corp
Sulphur Export
Freeport Sulphur Co
Texas Gulf Sulphur Co
U.S. J
Freeport
Texas Gulf
New York Stock Market Reaches Year High on July Fourth Eve
The market set a new high for the year despite holiday uncertainties. Trading remained active with 2,630,000 shares, led by Reichhold Chemical gains and strength in rails, airlines, nonferrous metals, and select stocks. Alaska Juneau and Servel Inc. were among the most active, with rumors of acquisitions boosting sentiment.
MENTIONED IN THIS ARTICLE
New York
Wall
Associated Press
London
Reichold Chemical
Alaska Statehood
Alaska Juneau
Server Inc
Wall, Street
Servel
Hydril Co
Los Angeles
Lorillard
Armour
Safeway
Hooker Chemical
Reichhold
Richfield Oll
Foote Mineral
Standard Packaging
New Jersey
Union Oil of
California
International Paper
American Stock Exchange
Com- Huble
Jersey Standard
Humble
General Plywood
Creole Petroleum
Technicolor
U. S
Dow Jones
Laney
Armour & Co +e
Reichhold Chemon Ag
Rail freight loadings ease from previous week
U S railroads report the week ended June 28 saw revenue freight loadings total 626 573 cars, down 1 104 cars or 0 21 percent from the prior week. The decline remained smaller than the year-earlier drop, with the latest week 106 160 cars or 14 2 percent behind the 1957 week.
MENTIONED IN THIS ARTICLE
Washington
Association of American Railroads
Emerson Radio to Acquire Borgla Pacific Bases in Profit
Colonial Stores reports 24 weeks ended June 14 net income of 2,464,294 and 88 cents a share, vs 2,674,098 and 98 cents in 1957. Sales rose to 203,241,992 from 198,213,805. Agreement reached with Joseph Seitz and Phonograph Corp to pursue food industry growth and improve sales and profits by year end. Spear & Co. posts 1957 net loss of 1,359,695 with a special charge. price not disclosed. Emerson president Benjamin Abrams says cash payment made.
MENTIONED IN THIS ARTICLE
Colonial Stores, Inc
New ‘York
Joseph Seitz
Emerson Radio
Phonograph Corp
Allen B. du Mont
San Diego Gas & Electric Co
Eastern Utilities Associates
Abbott L
Admiral
Nat Lead
St. Louis
Central
NY Ch & SL
Allied Birr
NH & Hari
Wisconsin Central Railroad
Amerada
North West
Paterson, N.J
Emerson
Bosch Ib
National Presto Industries
Ohio
Merson
Cyan TY
du Mont
Jersey
Am & Pei
N.J. Plant
Mr. Abrams
Oliver Co
Am &Melt
Sterchi Bros. Stores ,Inc
Am Tel & Tel
Pepsi Cola Ia
Bay
Pfizer
Am Zinc
Phelps
Ray
Phila
Philco
Armco Silven Db
Philip Mor
Sv National Bank of Detroit
Re- Armour&éCo
Atchison
Ind Ft
Pullman
Avco Mia
Bald Lima
Bensuel
Reyn
al Boeing
Borden
Richard
Bory Warn
Royal Dohr
Dutane Az
Abs AS Budd Co
Tay
Saloway
Bullard
Burland
Beheniey
Burroughs
Behering
Sinclair
Chea & Oh
Sperry Rd
Chet
Bp&pac
Chrysler
Teres
Abhamy
Rolewel
Finan
Brand
Coca Gola
Ley
Ind
Cole Palm
Bat
Sl Sy
Cole F & Ir
Columbas
SAY
Hunray
Tex
Crane Co
Tidewal
Ae Cutler
Decca
Deere
Dia
Berg
Doug Alre
du Pont
M & MT O
East Air le
US Amelt
el & Max
Ateel
Vanad Gp
Omer
Erla BR. Veene
Penn Fl
Firestone
Food Fair
Westa A
Goodrich
Goodytar
Aid Aaked
Grace & Co
City Trust
Greyhound
Hawkers ‘Trust
Bank of NY
Socestk
Aly Empire
Dictaphone Corp
Houst
Fafnir
Irving Trust
Farrel Birmingham
Mira Trust
Handy Harman
Hare
North Judd Ery
Sma
Johns Ban 2A
Kidder & Co., Inc
Peter Paul
Jones & 24
Aid Saked
Plume Alwand Wa
Kater al
Ane, AB
Crane Company
Ling & My
Hervey Hubbelene
Locke Glee
Smilin
Xamaay
McKerson Robbing
Onaly
Dir
Lone & Gas
Raybestos Inc Ao
Remington Arms
Bol Gas
Lorillard
Bot Gas
Underwood Corp
Marine Mid
United Aircraft
Catrl Maine Pe
Ao Mae
A M. Kiddermm Co, Inc
Smith, Ramsay & Co
Jay
Aetna Insurance
New Haven Gas Am
Wes Monaan
New Haven
Mont Ward
Kaiser Industries
Hartford Fire
Motorola
U Home Insurance
Singer
Nat Dairy
Ababi
West Mats Co
Security
Nat Militop UY
United Wlum
Bank Stocks and Dividends Update from Smith Ramsay Co
New York merchants and industrials announce quarterly or regular dividends with payment dates and records. Entities include Merchandising Co Inc Empire Millwork Walter & Telephone Co Matthessen Hegeler Zinc Ketchum Stouffer Phillips-Waq Heusen Outlet Colonial Fund Sweets Co of America Jantzen Franklin Stores National Theaters and others with per share amounts and payment timelines.
MENTIONED IN THIS ARTICLE
New York
Merchandising Co. Inc
Empire Millwork Corp
California
Walter & Telephone Co
Matthessen & Hegeler Zinc Co
Ketchum Co. Inc
St. Croix Paper Co
Stouffer Corp
Phillips-Waq Heusen Corp
Colonial Fund
Inet
Sweets Co. of America, Inc
Jantzen, Inc
Du Mont License Ties to Emerson TV Venture
Connecticut industries involved in a royalty free license under Du Mont patents for television receivers phonographs and high fidelity and stereo instruments using the Du Mont trade mark for home entertainment gear The joint statement says Emerson will acquire all tools dies molds and other manufacturing equipment after Du Mont completes the 1959 line production at the East Jersey City plant could begin as early as September this year.
MENTIONED IN THIS ARTICLE
du Mont
Emerson
DuMont
Jersey City
Mr. Abrams
du Mont Television and Radio Corp
Paterson
Allen B. ‘du Mont
Richfield oil find near Wheeler Ridge in California
Richfield Oil Corp reports a new discovery in the San Emidio Nose Field near Wheeler Ridge north of town. The discovery well yields 2,520 barrels per day of 298-10 degree gravity oil and 740,000 cubic feet of gas, with prospects for more drilling on 8,500 acres of Kern County Land Co. leases.
MENTIONED IN THIS ARTICLE
Richfield Oil Corp
Wheeler Ridge
Here
Richfield
Kern County Land Co
Charles S. Jones
Ike Cuts Oil Imports by 17 Coast Firms
President Eisenhower ordered six percent cuts in imports of crude oil by 17 West Coast firms to allow room for new importers while preserving the national 221 100 barrel-a-day quota. The plan stages the reductions through next November as eight new companies enter the quota program.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Cainet
West Coast
William Street Fund posts over 10 million in first 21 days
New York July 3. Sales of One William Street Fund Inc open end shares in its first 21 days totaled 10 427 194. Dorsey Richardson president said the fund sponsored by Lehman Brothers started in early June with net assets of 221 216 128 and about 100 000 shareholders. He claims the fund already ranks 11th largest in the United States.
MENTIONED IN THIS ARTICLE
New York
United States
Plyswood Corp
Georgia-Pacific Corp
U. S. Court of Appeals
Second Circuit
U. S. District Court
Georgia-Pacific
U. S. Supreme Court
U. S. Plywood
One
William Street Fund Inc
Dorsey Richardson
Lehman Brothers
Richardson
U. S
Glen Alden Corp Sees Merger Talks Tabled After Sessions
The Glen Alden Corp annual meeting ended after seven sessions begun April 11. Motions on the proposed merger with List Industries Corp. were tabled. A Pennsylvnia Supreme Court ruling blocked the merger, and Glen Alden announced July 2 it terminated reorganization talks with List Industries by mutual consent.
MENTIONED IN THIS ARTICLE
New York
Glen Alden Corp
List Industries Corp
Pensylvania Supreme Court
Glen Alden
List Industries
Also Mentioned on This Page
Matty Summons
Diners
Diners’ Club
It i
Youngstown Steel
P.c
Chile
Santiago
Foreign Ministry
CILEO
Frederick E. Pratt
MALS
Main St
Sulphur Export CO
Chas, W. Scranton & Co
New York Stock Exchange
John St
Bridgeport
Conn
Edison
Westport
Norwalk
Cameo Parking Lot
John Street
Colonial
Borgla Pacific
du Mont Consumer Items
Benjamin Abrams
New -York
Franklin Stores Corp
National Theaters, Inc
Connecticut
Connecticut Industries
G. H. Walker & Co
San Emidio Nose Field
Hnvestors Mutual, Inc
Jomoh M. Fitzsimmons
Cheleynme
Robert W. Neary
Main
Trumbull AM
Ans
Black Rock Bank and Trust Company
S.revee Bank
Ciccoies
Seen
Ev Eeans
Labiletirs
Yeee Ener Eee
Nmne
Savings
Alba Bezars
Play App
Tae
Savings Department
Total Savings Department
Ee Os
State OF Connecticut
County of Fairfield
Ss. Bridgeport
Huly 5
Uae
W . Frank Slark
Raymond J. Thibault
Black Rock Bank
Frank d. Clark
Raymond L.chibault
IKE
G. Webster Miller
William ST. Fund
Pany
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