Securities Seeks to Bar McPhail Candy Officials
The SEC charged Russell McPhail and J Marion Martin and Dan McL Martin with gross negligence and abuse of trust in directing McPhail Candy Corp. The filing seeks to bar them as officers and directors and to appoint a receiver to liquidate assets.
MENTIONED IN THIS ARTICLE
New York
The
Securities & Exchange Commission Today
Russell McPhail
J. Marion Martin
Dan McL Martin
McPhail Candy Corp
SEC
U. S. Court
Southern District of New York
McPhail
Martins
McPhail Pede
Transue & Williams Steel Forging Corp
L. S. Starrett Co
Queen Anne Candy Co
Transner& Williams
L. S. Starrett
N.Y. Stock Exchange
McPhail Candy
Transue & Williams Stack
J. S. Starrett Stack
Queen Anne
Steel output slated to climb this week
Steel production for the week is estimated at 1,449,000 tons, about 54.1 percent of capacity, per the American Iron and Steel Institute. Last week produced 1,376,000 tons at 51 percent, with July 4 reducing operations. Prior week, starting June 2, yielded 1,666,000 tons.
MENTIONED IN THIS ARTICLE
New York
American Iron & Steel Institute
B&O June Carloadings Hit New High for 1958
Baltimore and Ohio Railroad reports June freight carloadings rose for a third straight month to a 1958 high. Daily loadings averaged 8,163 in June with total loadings of 204,084, led by coal ore iron and steel and cement products. First half 1958 traffic declined 23 percent from 1987 levels, but Howard E. Simpson described management as cautiously optimistic.
MENTIONED IN THIS ARTICLE
Baltimore
Baltimore and Ohio Railroad Today
Wront
Howard E. Simpson
International Nickel cuts output 20 percent at Sudbury mines
International Nickel Co. of Canada Ltd says from July 4 it will reduce nickel production by 20 percent at its Sudbury mines, trimming annual output from 250 million to 200 million pounds. The move follows two prior 10 percent cuts this year and cuts copper alongside nickel. Company cites unsold stock totaling about 135 million pounds and says full production can resume quickly when deliveries permit.
MENTIONED IN THIS ARTICLE
Philadelphia
D.1
Alan Wood Steel Co
Harleston
Wood
Alan Wood
New York
International Nickel Co. of Canada Ltd
Copper Cliff
Ontario
Sudbury
Ont
U. S
Market Hits New Peak in 1958 Trading Session
AP Business News reports a fresh 1958 high as stocks push gains across major index levels. Investors respond to positive earnings data and easing inflation concerns, with notable climbs in industrials and technology shares.
National Tea Co reports June quarter profit rise
National Tea Co. posted for the week ended June 14 a net income of 4,017,097 dollars or 1.84 dollars a share on 9,183,250 shares versus 3,407,006 dollars or 1.61 per share on 1,121,114 shares in the year-ago period. Underwood Corp. expects a loss slightly over 1,000,000 dollars for the second quarter but aims for about 800,000 dollars or 1.07 a share in the second half.
MENTIONED IN THIS ARTICLE
National Tea Co
New York
Underwood Corp
Lyperwriter and Office Machine Company
Jack Dugan
Dow Tones
Underwood
Dugan
Bank Stocks Prices From Smith Ramaay Co Update
Bank stocks prices from Smith Ramaay Co are listed. The note presents latest figures and market movements for investors.
MENTIONED IN THIS ARTICLE
Smith, Ramaay & Co
New York Stock Prices Boost 1958 Profit Outlook
The estimated 800 thousand dollar profit for the year's second half contrasts with a projected 2 million dollar loss for 1958, while new products gain favorable reception. Sears Roebuck shows June sales at 322 million, down from 396 million year ago, with five month totals at 1.439 billion, down 2.5 percent. Butler Brothers and other peers report mixed June sales and six month totals, reflecting varied market performance.
Dividends and Earnings Highlights From Various Firms
Dividend news notes Seton Leather Co paying 2c on common with record July 18 and Aug. 1. Central Power and Light Co reports quarterly and five percent on pid and related records. Growth Industries Shares Inc announces capital gains distributions with July 14 record. Adamo Milils Corp declares 50c on common with Aug. 1 payment and July 1 record. Booth Fisheries Corp reports year ended May 3 net 842,595 or 12.68 a share. Red Owl Stores Inc shows quarter ended May 31 net 456,591 or 75c a common share. Pacific Airmotive Corp six months to May 31 net 186,884 or 12c. McCord Corp nine months to May 31 net 392,892 or 85c. South Shore Oil & Development Co nine months to April 30 net 314,003 vs 199,207. New England Telephone & Telegraph Co five months to May 31 net 14,700,040 vs 12,867. Oklahoma Natural Gas Co 12 months net 6,325,000 or 2.14 a share vs 5,771,000 or 1.95. California Oregon Power Co 12 months to May 31 net 4,250,235 or 1.92 a share on 1,840,506 shares vs 4,441,753 or 2.27 on 1,638,669 shares.
MENTIONED IN THIS ARTICLE
New York
Sat
NH & Hart
Allied
Nort & Wert
Alumo Ltd
Nor Pac
Alco
MOTON
Underwood
Ohio
Am Bosch
al- Am
Olver Cp
Pac G & el
Ynaldda
Pan AW Air
Am & FP Po
Esteve
Pany
Papal Cole
Pilzer
Am Tel & Tel
Phelps
Rasan
Phis el
Philco Reeset
Dugan
Philip Mor
PhilPet
Anaconda Ory Asth
Armco &Tl
Proct & G
Armour & Co
Atchison
Mr. Dugan
Aveo Bite
Csses A
Raytheon Vt
Lima
Remib
Benguet
Boeing Air
Prof- Briggs
Bt Ban
Ted
Budd Co
VAN
Bullard
Sates
Schenley
Burk Ind
Schering
Burroughs Free
Reich- Campb Boun
Bears Rock
Enhold
Wall Street Advisory Services
Cae
Skence
Lorillard
Southarn Co
Brerry Rd
Alaska Certteed
Juneau
Tia
Lst
S &Ld
Idlorr Finan
Coca Colat Db
Stan Warsae
Publick- Cole
Colo Fast
Bunray
Colum Gan
Bwitt & Co
Gold & Platis
Texes Co
Num
Armour
General Electric
Thomas Blood
Seventeenth U.S. Steel
Boeing
American Consumer
International Nickel
Corden Pet
Texiton
Uw Va
Crane CO
Tidawat
Curtia Pub Se
Flour Corp
Curtis Wr Vane
Foster
Decca Rec
Deere
Garrett Rose
Dome
Alt Lin
Advisory Service Recommienda- Dour Aire
SBM
Airc
Dow Cham
United Co
U.S
UN Gas Co
du ‘Pont
Zenith
Philco
Anaconda
Douglas Air East Air
Baltimore & Ohio
Smelt
el & Mus
Us Steel
Emer Rad
Vanad Cp
Erle RR
Ay Am Va
Cato Chance
Delaware
Hudson
Erle Ant Firastone
American Stock Exchange
Wilson & CO
Pacific Northern Airlines
Goedrich
Alaska
Goodyear
Chromalloy
Gon- Grace & Co
Gulf
Artom II
Heyden
Hout L & Pt
Andy
Inland
Eimhart
Rus Med
Fafnir Sealive
Wase Uy
Farrel Birmingham
Ad Randy & Harman
Eee Eran
Tel & Tel
Landers
Frary, Clark
City Tr
Johns Man
Matlin Rockwell
Jones & L
New Britain Machine
Bank of WN Bankers Tr
Kaiser al
North & Suder
Kennecott
Peter Pant
Kern GoLd Ca
Plume
Lehigh O
Ntk Rafaty Industries Sa
Fmopice
Ib Menat
Toy
Torrington Co
Guaranty Tr
Uy Lite
My 4A
Long Islet
Smith
Wamraty W Co
Div
Bia
Martin Co
Merck
Bridgeport Brass
HUA Gaa
Bullard Company
Mont Ward
South NE Tele OF Tao
Raybestos Inc
Matorala
Tex Eant
Nat Biro Jaag
Tex Gat
Roohn
Nat Daleyry
Underwood Corp
Nat Dist Mb
United
United Alarafteeansass
Nat Gype
Av West Maus Co
Sears Roebuck & Co
Montgomery Ward & Co
Canada & Dominion Sugar Co
Butler Brothers
Neisner Brothers, Inc
Booth ‘Fisheries ‘Corp
Red Owl Stores Inc
Pacific Airmotive Corp
McCord Corp
South Shore Oil & Development Co
New England Telephone &Telegraph Co
Oklahoma Natural Gas Co
California
Oregon Power Co
Du Pont Reports New Urethane Floor Finish
Du Pont Co states it is test marketing a urethane based floor finish claimed to wear two to three times longer than varnish. The clear finish retains hardness and gloss and withstood lint and starch on textile mill floors in tests.
MENTIONED IN THIS ARTICLE
Philadelphia
du Pont Co
Chase Bank Reports Record Deposits and Earnings
Chase Manhattan Bank said on June 30 deposits capital funds and total resources reached a record high. For the six months ended June 30 net operating earnings were 28 176 733 dollars or 2 15 a share versus 26 764 958 dollars or 2 04 a share last year. The June quarter earnings totaled 14 206 924 dollars or 1 08 a share versus 13 819 879 dollars or ratte a share in 1957 period.
MENTIONED IN THIS ARTICLE
New York
Chase Manhattan Bank
Western Electric Plans Plant Layoff in Lincoln
Western Electric Co. announced a plan to cut about 250 jobs at its Lincoln plant within the next five months. The plant now employs 800, and demand for Lincoln manufactured central office switching equipment has fallen in recent months according to superintendent P. E. Peterman.
MENTIONED IN THIS ARTICLE
Lincoln, Neb
Western Electric Co
Lincoln
P. E. Peterman
U S Steel Division to Reopen Pipe Plant Near Salt Lake City
Consolidated Western Steel division of United States Steel will resume operations at a large diameter pipe mill near the Geneva plant south of Salt Lake City on August 4. The mill idle since May 14 will reopen on a one turn basis due to a large order for 36 inch diameter pipe, keeping it active for several weeks.
MENTIONED IN THIS ARTICLE
Salt Lake City
Consolidated Western Steel Division
United States Steel Corp
Geneva
Also Mentioned on This Page
Alan Wood Company
B&o
Norman F
Mase Investors ‘Tract
Berter Ve
National Crows
Willam Street Fund
Teaneer Bund
Television Electronics M ‘Und
Wellington
American Exchange
A. M. Kidder & Co
Ind
Felmont Petroleum
Harvey Mubbell
Kalrer Industries
United Aire
Baith, Ramsay & Co
Arked
Actua Insur
Actua
Noman
Dacey
Wand Associates
Cilco Aliloing
Ma State Street
Tileto Kei Wa
Lingleum
Barnum Ave
Stratford
ED Morse
AP Business News
SEARS
Seton Leather Co
Central Power and Light Co
Growth Industries Shares Inc
Invesiment Sacutiv
Adamo Milils Corp
Dow Jones
Esere
Aeeeseer
Waeveeeeneseenees Paveeeros
Eeeweeeeeeeet
Reichard Chem
Alaska Juneau
Nee
Publicker Inds
Gen Motors “A
South Amer Gold & Ph
Stand Oil N.J
Union of Cal
Studebkr-Packard
A. B. Kidder & Co., Inc
Connecticut
Waterbury
Jack
Mall
Hincks Bros. & Co., Inc
Main Street
Bridgeport
Conn
New Haven
Chase: Bank
Western Electric
U. S. Steel Division
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