Douglas Aircraft Contract Tops Long List of Air Force Awards
Douglas Aircraft Co. Inc. won a $12,613,800 Air Force award as part of nearly $80 million in contracts by the Air Materiel Command. The Santa Monica firm will supply rockets for the F-89 F-101B and F-106 jets. Other major awards went to Collins Radio Co. for $7,404,000 and to Olin Mathieson Chemical Corp. and Fairchild Engine and Airplane Corp. for about $6.8 million each, with additional contracts to B. F. Goodrich Co. Hughes Aircraft and Bendix Aviation for cockpit instruments and aircraft systems.
MENTIONED IN THIS ARTICLE
Cleveland
Douglas Aircraft Co. Inc
Air Materiel Command
Dayton
Douglas
Santa Monica
Calif
Collins Radio Co
Cedar Rapids
Iowa
Air Force
Olin Mathieson Chemical Corp
Fairchild Engine and Airplane Corp
B. F. Goodrich Co
Hughes Aircraft Co
Bendix Aviation Corp
Goodrich
Hughes
Bendix
Davenport
Teterboro
N. J
Eclipse Pioneer Division
Robins International Sells Interest in Collins & Auikens
New York July 11. Robins International Inc importer exporter sells its 13 percent stake in Collins & Aikman Corp to Paolino Gerli and Francis Gerli raw silk importers. The Gerlis say they bought to keep the shares and do not seek board or management influence. Ells Leach Collins & Aikman President says the Gerlis have long business ties and bought the stock as an investment.
MENTIONED IN THIS ARTICLE
New York
Robin International Inc
Collins & Aikman Corp
Paolino Gerli
Francis Gerli
Collins & Aikman
Robin International
Nicolas G. Ressini
SEC
Rossini
Colfins & Aikman
Ells Leach
Gerlis
Gerli & Co
Dividend payments and records for various companies
A compiled list shows dividends and stock splits with payment amounts and record dates for numerous firms. Entries include Blue Ridge Mutual Fund Inc and Florida Growth Fund Inc paying in August, Harbor Plywood, Idaho Power, American Saint-Gobain, and others with specific record dates in July and August, plus quarterly and semiannual disbursements.
MENTIONED IN THIS ARTICLE
Blue Ridge Mutual Fund Inc
Florida Growth Fund Inc
Reliable Stores Corp
New Process Co
Charis Corp
Harbor Plywood Corp
Idaho Power Co
American Equitable Assurance Co
American Saint-Gobain Corp
Central Electric & Gas Co
Hercules Galion Products Inc
National Casket Co. Inc
Public Service Co. of
New Hampshire
General Foods Cuts Instant Coffee Prices
General Foods Corp. announced July 1 a wholesale price reduction effective July 14. Maxwell House large six ounce jar drops four cents, regular two ounce jar also down. Instant Sanka two ounce jar down four cents, four ounce size down 5 32 cents per pound. Reduced prices cited as lowest in eight years due to lower green coffee costs.
MENTIONED IN THIS ARTICLE
New York
General Foods Corp
Maxwell House
SNET Increases Six Month Profits Across Periods
Southern New England Telephone Co reports five months to May 3 net income of 6,973,347 on 48,223,293 gross, up from 4,718,191 and 49,291,589 year earlier. May net 1,448,207 vs 882,148. May gross 9,814,502 vs 8,902,213. Pacific Power & Light 12 months end May 31 net 10,619,684. El Paso Electric 12 months end May 31 net 3,095,347. Southwest Natural Gas June 30 twelve months net 527,644. Three States Natural Gas ten months to March 31 net 483,635.
MENTIONED IN THIS ARTICLE
Southern New England Telephone = Co
Pacific Power & Light Co
el Paso Electric Co
Southwest Natural Gas Co
Three States Natural Gas Co
Market Hits New High For Year As Stocks Rally
New York July 1 AP The stock market reached a year to date peak with the best advance in 2 1/2 months. The gain added about two billion dollars to the value of NYSE listings based on the AP average. Pivotal stocks rose several points with some issues advancing more. Volume was moderate around 1,400,000 shares, down from yesterday. The market treaded higher at the open and climbed steadily to the session’s best close since August 21, 1957, showing a glacier like rise rather than a dramatic move.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Associated Press
Market Barometer Market Comment on Housewares Wares
Market barometer notes inventories of housewares including skillets and other household wares are sharply reduced. Manufacturers and retailers face less pressure from burdensome costs as the market discusses the current supply chain and pricing dynamics.
Jersey Standard expands stake as International offer ends
New York stock prices show Jersey Standard now owns just under 97 percent of International Petroleum after 1,000,000 shares tendered under the May 23 1958 exchange offer, which expired July 1 1958. Most active list features J J Case Fruchauf Trailer Symington Wayne and Hupp Corp with modest gains. Lorillard declines while rail stocks like Atlantic Coast Line Chesapeake & Ohio and Illinois Central advance.
MENTIONED IN THIS ARTICLE
Dow Jones
Anc
Fruchauf
Tralier
Symington Wayne
Waatees Uy
Rupp ‘Orp
Wee
Servel Inc
Schering ~ Corp
Royal Dutch
Studbkr Packard
Curtiss Wright
Standard Oil Co
New Jersey
International Petroleum Co. Ltd
Jersey Standard
International
J. J. Case
Hupp Corp
Servel
Lorillard
U.S. Steel
Lukens
Youngstown Sheet
Aantic Coast Line
Chesapeake & Ohio
Illinois Central
Lazard Offering Sold Up by Underwriters
Lazard Fund Inc completed its 8.5 million share initial offering with underwriters Lazard Freres and Co. net proceeds totaled 117.9375 million dollars. Spencer Chemical Co and Industrial Rayon formed Ohio River Chemical Co to produce Caprolactam near Ashland Kentucky at an initial cost around 10 million dollars with annual capacity of 20 million pounds. Construction to begin this fall. Directors of Lucky Stores voted to approve a stock exchange with Big Bear Stores in Seattle Tacoma area. Big Bear stockholders have approved. Treasury to rely on short term issues in a large refinancing next week, offering 11.1 billion of 4 percent certificates maturing August 1. Steel warehouses report some pickup but expect only gradual improvement in fall and next year. warehouses account for about 20 percent of finished steel sales.
MENTIONED IN THIS ARTICLE
New York
Lazard Fund, Inc
Lazard Freres and Co
Spencer Chemical Co
Industrial Rayon Corp
Ohio River Chemical Co
Ashland
Lucky Stores, Inc
Big Bear Stores
Seattle-Tacoma
Washington
J. C. Ernst
Lucky Stores
Big Bear
The
Treasury
Department
Chicago
American Steel Warehouse Association
Connecticut Issues CONNECTICUT INDUSTRIES Prices from G H Walker Co
Connecticut issues a market notice listing prices for industrial goods as summarized by G H Walker Company. The brief reflects price levels and industry figures with emphasis on local market segments and supplier names. It notes general trends without naming specific transactions or quantities.
IBM Profits and Gross Rise in First Half
New York July 11. International Business Machines Corp and its domestic subsidiary reported six months ended June 30 net income of 50 597 855 dollars or 4 27 a share, up from 40 061 507 dollars or 3 38 a share a year earlier. Gross income rose to 564 615 629 dollars from 456 704 546. March quarter earnings were 23 396 118 dollars or 1 98 a share versus 18 745 607 dollars or 1 88 a share. Other earnings included Brown Co two weeks ended June 14 at 43 235 dollars. Industrial Rayon a six month loss of 1 092 316 dollars. Finance Co of America Baltimore 12 months net 514 188 dollars, 4 72 a share. Consolidated Laundries 24 weeks net 944 445 dollars, 0 98 a share.
MENTIONED IN THIS ARTICLE
Abbott
Willys Motors Inc
iAlleg Pt
Oon
Nat Dairy
Aby
Abi Alleg
Allied Ch
Ady
Land Do Brasil
Willys
Am Boschib
Motors
Kaiser Am Ed
Wall Street
Ags Nor
Sta Pw
Industries Corp. International
Fiat
Secretar Am Gyan
Ohio
Nance Corp
Am&f Pw
World Bank
Ameran
M&fdy
Olin
Ican Overseas Finance Co
Oliver Co
Wal
Chase Internatio
Am Viscore
Armeosi
Philh Fl
Armour & Co
Phileg Seversnnne
Gat Philp Mor
Éay Steels
E&g
Rails
Avco
de- Balt & Oh
RCA la
Bendix
Raytheon
Benguet
Repub
Beth Steel
Boeing Air 1B
Rex Drug
A Motors and Building Materials
Borden
Associated Press
I Richard
Brida Brass Pt
Rohr Aire
Brians
St Lan
The
Us St
BAY
Utilities
All Burroughs
Schenley
Behering
Roth
Dow-Jones
Sinclair
Southern Co
Ches & OW
Bolexel
Coca Cola AR Inis
Abu
Atud Park Yi
Bwitt & Co
Ryly Kl
Texak Co
Tex Pc&o
Curtle Pub
Tidewat
Decca
Soy
del Law
Doug Alve
Dow
United Co
UN Gas Co
el & Mun
Indep
Freeport
Va Care Ch
Amerada
West UN
Wilson & Co
Ican Stock Exchange
Gen Motors
Woolworth
Worthidxion
International A
Gillette Ga
Goodrich
Standard Goodyear
New Jersey
Grace & Co
Greyhound
Heyden
Homestic
Noust L&p
Arkansas Fuel Co
Howe Snd
U.S
Verity Trust
Ay Johns Man
Bankers Trust
Joes & L
Bank of N
Kalstr al
Chase-Manhat
New York
Kennecott
Ayapa Ag
RAY Sical Coen
Boston Corp
Kern C Ld
C&n
Brith.mamzay @ Co
Guaranty Trust
Boston Edison Co
Hanover Bk NY
Irving Trust
Yal Ting & My
Leekh Aire
EMA Loew's
Lane S Gas
Wong Tel
A. M. Kidder & Co, Inc
Conn
Lorilard
Erat Sra
Bird
Marine Mid
Ald
Hitd
Casco
AN Martn Co
Hous Pub
Electric
New Haven Gas
Testic
Felmont Petroleum
Merck
Pub &Y
Harvey Tubbelt Merr Ch&s
Kadser Undusaeies
Gore
Fiariford
Tex Gas Trans
Monsan Ci
Altsay Security Orecee
United Women
Uniter Aire
Mont Dult
Travelers Bane
Weet Mart Co
Brown Co
Industrial Rayon Corp
Finance Co. of America
Baltimore
Consolidated Laundries Corp
Senate Backs Ban on Onion Futures Trade
Washington July 11 The Senate passed a bill to prohibit onion futures trading to curb price volatility. The measure moves to a House Senate conference to reconcile differences. Thomas J. Watson Jr noted that despite rising oiling in the companys backlog, orders for punched card data processing machines remained a major factor. The industry backlog and timing of enactment affect net incoming orders for the firms products, with immediate impact varying between House and Senate timelines.
MENTIONED IN THIS ARTICLE
Thomas J. Watson, Jr
Press
Washington
Dent
Senate
U. S
House-Senate
electron-Senate
Mit
Nesses
National City mum on rebuff to holding company bid
First National City Bank of New York declined to comment after the Federal Reserve Board rejected its bid to form a bank holding company with County Trust Co of White Plains. Bank chairmen voiced disappointment and the two banks have 60 days to appeal to the Circuit Court of Appeals. Marine Midland Corp president Baldwin Mauill cautioned it was too early to judge the ruling’s impact on New York banking. The proposal aimed to let metropolitan banks serve suburban customers, despite state rules restricting districts and a May 1 expiration on anti expansion laws.
MENTIONED IN THIS ARTICLE
New York
First National City Bank of
New York City
Federal Reserve Board
County Trust Co
White Plains
Circuit Court of Appeals
Buffalo
Baldwin Mauill
Marine Midland Corp
New York State
First National City and County Trust
Also Mentioned on This Page
Douglas Aircraft
Fairchild
Robins International
Collins & Auikens
Grand Union Co
Normetal Mining Corp. Ltd
Usviau
Westchester Fire Insurance Co
Town Public Service Co
Squar
Reliance Insurance Co
Keystone Steel & Wire Co
American Greetings Corp
Dallas Transit Co
Moore-Handley Hardware Co., Inc
General Foods
Mutual
UNDS
Norman, Macey
Avandateny
Arbeil
Canada General Fund
Commonwealth Income Fund
Commonwealth
Junton & Jow. Bal. Fund
Fidelity Und
Vane
Mass
Eos
Wm. Strest Fund
Wes
Pioneer Fund
Wellington Fund
Merman
Associates Cilco
State Avreet
SNET
By ED Morse
Jersey
Lazard
Bmutth, Ramsay & Co
Willys Motors
Corp
Spencer Chemical
Treasury Financing
Boston Edison
Connecticut
Connecticut Industries
G. H. Walker & Co
Atk
Arrow & H
Asto
Burndyve
Cuno Fang PLC
Cuno
Dictaphone Corp
Emhart
Farrel Birmingh
Harman
Landers, Fraray, Clark
Marlin Rockwell
New Britain Machine
North Judd
Peter Paul
Plame and Atwod
Antk Safely Industries
Stanley Works
Aay
Torington Co
Navy
Veeder Rept Ab
IBM
National City
MUM
Reburf
Reserve Board
Holding Co
A. MM, Kidder & Co
I.e
Bridgenort Brass
Bullard Company
Casco Products
Crane Company Ae JD
Harvey Hubbell
Locke: Strel
McKesson Robbins
Raybestas Inc
Remington Atme
Our Hoffman
Minute Man
Hoffman
Washington Ave
Westport
Milford
Shelton
Enterprise
Quality Fuel Oil
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!