GM Ups Share of May Output but Big 3 Trail 1957
Detroit reports May 1957 production shares with General Motors leading in year-to-date output while Ford and Chrysler show mixed results. GM total May output 192,492. Ford 607,262. Chrysler 156,411. Five-month totals and per-model breakdowns highlight GM’s lead but show declines year over year for some divisions.
MENTIONED IN THIS ARTICLE
Detroit
Fereral Motors
Ford
Chrysler
U.S
Chevrolet
Cadillac
Wall Street Advances Lift Most Active Stocks In Trading
Eleven of the 15 most active stocks rose while three fell and one held steady. Aluminium Ltd and Shell Transport led gains with modest climbs as Lorillard and Royal Dutch showed mixed moves amid volume near 780,000 shares on the American Stock Exchange.
MENTIONED IN THIS ARTICLE
George Smathers
D-Fla
Wall Street
Aluminium Ltd
Shell Transport & Trading
Lorillard
Royal Dutch
USS. Steel
Bethlehem
Wilson & Co
Armour Rose
Union Carbide
American Tobacco
Crown
International Petroleum
Stanrock Uranium
Tri-Continental
Vanadium Alloys Steel
U.S
Dow Jones
Iscome Ralls
Salex
Shell
U S Steel
Beth Steel
Servel Incus
Amer Motors
Ltd
Oi NJ
Phillips Petrol Sheet Eter E
Am i
Lead price cuts announced by two coal and metal firms
Lead prices were reduced by Am Pebicor Smelting and Refining Co by 1 2 cents per pound to 1 cents and St. Joseph Lead Co cut its price by 2 cents to 1 cents per pound.
MENTIONED IN THIS ARTICLE
New York
Ampebicor Smelting & Refining Co
St. Joseph Lead Co
Reading Co. President Warns Bottom May Still Be Ahead
Philadelphia June 3 The Reading Co president Joseph A. Fisher told the annual meeting that the bottom of the recession may not yet be reached and there are only glimmerings of economic improvement. May loadings and year to date were 25 percent below last year with further declines anticipated. The railroad has postponed capital projects and wage costs will add about 4.21 million annually. Employment stands at about 11,500, down 3,000 from a year ago. First four months of 1958 net income were 93,906 versus 3,356,031 in 1957.
MENTIONED IN THIS ARTICLE
Philadelphia
Reading Co
Joseph A. Fisher
Reading
Fisher
Dividends Declared by Multiple Companies in 1957
A compilation lists quarterly and special cash dividends from firms including American Metal Products Kansas Nebraska Natural Gas and Standard Dredging with payment dates from June to July and records in June and mid month. Several firms show prior and recurring payments, such as New York Shipbuilding New York Trust and First National City Bank, with varying amounts from 7.5 to 75 cents on common stock and occasional two payments per year.
MENTIONED IN THIS ARTICLE
American Metal Products Co
Kansas-Nebraska Natural Gas Co
Standard Dredging Corp
Spencer Shoe Corp
Seaboard Air Line RR Co
New York Shipbuilding Corp
Fownes Bros. and Co, Inc
First National City Bank of New York
John B. Stetson Co
New York Trust Co
General Controls Corp
William Street Fund opens to investors with quoted shares
William Street Sales Inc announced the One William Street Fund Inc is now registered as an open end company and can accept orders. Shares were quoted at 11.57 with 12.51 asking. offering price during the underwriting period was 12.50.
MENTIONED IN THIS ARTICLE
New York
William Street Sales, Inc
One William Street Fund, Inc
Bruce Co Declares 25 Cent Dividend For Common Stock
E L Bruce Co announces a 25 cent quarterly dividend on common stock payable June 30 to holders of record June 16. The March payment was omitted. President E L Bruce Jr cites improved operations and a building upturn boosting hardwood flooring demand.
MENTIONED IN THIS ARTICLE
Central Indiana Gas Co
Baxter Laboratories Inc
Castie & Cooke Ltd
Cominion
Thor Power Tool Co
Utility Appliance Corp
San Diego Gas & Electric Co
Plough Inc
Memphis
E. L. Bruce Co
E. L. Bruce
E. L. Bruce Jr
Bruce
Niagara Mohawk Proposes Electric Rate Increase Across System
Niagara Mohawk Corp filed a plan with the State Public Service Commission to raise electricity rates by 10.45 million dollars per year starting July 3. Residential, farm, and small business customers would pay up to 29 cents more monthly, with Western division seeing smaller rises. The company cites rising costs and seeks adequate returns for future investment. The plan could proceed unless hearings suspend it.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Niagara Mohawk Corp
State Public Service Commission
Niagara Mohawk
Earle J. MacHord
First National Sets New Highs in Annual Report
First National Stores Inc reports record sales and earnings for the year ended March 29. Net earnings reach 8.8 million or 5.37 a share, with retail store sales at 521.5 million. At year end 575 stores operate, including 341 supermarkets, and the firm plans to add at least 30 new supermarkets this year. Networking capital stands at 17.5 million versus 19.6 million prior year.
MENTIONED IN THIS ARTICLE
New York
First National Stores Inc
Annqual
Adrian O'Keefe
O'Keefe
Goodrich-Gulf Expansion Under Way at Institute Rubber Plant
Goodrich-Gulf Chemicals Inc has commenced a 1 million expansion of its Institute West Virginia synthetic rubber plant. Jointly owned by B F Goodrich Co and Gulf Oil Corp the project boosts crumb rubber output for cements mastics and adhesives and adds an extrusion dryer for electrical grade rubbers and other polymers. Girdler Construction Chemetron handles engineering and construction.
MENTIONED IN THIS ARTICLE
Cleveland
Goodrich-Gulf Chemicals, Inc
W. Va
L. C. Crockett
B. F. Goodrich Co
Gulf Oil Corp
Girdler Construction Division
Chemetron Corp
Connecticut Issues CONNECTICUT INDUSTRIES
Connecticut issues a report on local industries with price data from G F Walker Co. highlighting manufacturing activity and market conditions.
MENTIONED IN THIS ARTICLE
Connecticut Industries
G. F. Walker « Co
Chain Belt to Close 3 Shops and Consolidate
Chain Belt Co. announced plans to shut three plants in Niles Ohio Newton Falls Ohio and Rock Island and move operations to a new building in Madison Indiana. Construction on a 92 acre site will begin next fall with completion slated for early 1959 to expand heavy machinery and road building equipment production.
MENTIONED IN THIS ARTICLE
Chicago
Chain Belt Co
Madison
Ind
Niles
Newton Falls
Ohio
Rock Island
State firm sues Smith-Corona over 1949 adding machine
Universal Business Machines Corp of Widdletown Conn files a $3,124,540 suit in U S District Court in Utica N Y against Smith Corona Inc alleging breach of a 1949 license to manufacture and sell a portable 10 year adding machine. Universal says damages reflect delays in market introduction and cites plans to abandon production.
MENTIONED IN THIS ARTICLE
Utica
N. Y
Smith-Corona Inc
Syracuse
U. S. District Court Clerk
University Business Machines Corp
Widdletown
Smith- Corona
Universal
Smith-Corona
Smith-Corna
Syracuse Machine Corporation
Also Mentioned on This Page
By ED Morse
Associated Press
Bon Ami “B
McLean
Cerro de Pasco
International Shoe
Union Twist Drill
New -York
Atia
Alco
New Eng
Central Svene
Allied
Allis
Alum Ltd
Am & F Pw
Oliver Cp
Maddy
Pac G & el
Motors Bee
Pan AW Air
Tel & Tel
Pilver
Phelps
Philea
Armco
Atchison
Ie Am
Aveo Mfg
Seeesene
Bald Lima
Ny Raytheon
Repub Ar
Balt & On
Repub
Sila Bas
Bendix
Borg Warn
Bullard
Schenley
Va Burroughs
Schering
Sears
Shell Gil
Sinclair & Sereee
Ditees
Cher & Oh
Colo F & Ir
Ry Sunray
Swift & Co
Texas Co. A. Ae
Colden
Tex Pc&o
Crane Co
Tex
Curtis Pub
Curtiss Wr
D&w
UN Pac
Doug Atre
Uait Air Lines
Atre
United Cp
Ea da Pont
Bane JS Bt
M&m
el & Mus
Firestone
Penn Eusy
Penn Eusy, .5 30%, 30 ¥, Ve 50% Food Fair 1B 19 Si", Si Po Is 31 Mr i Weil
Wilton & Co
Woolworth
Fdson
Worthington
Molore
Sh & Ve
Zenith Rad
Goodrich
Goodyear
Grace & Co
Greyhound
City Trust
QM Gom Alre
Gulf Soh &O Ta
Bankers Trust
Heyden
Bank of NY
Vr Chase-Mantata
Homesite
Ali Az
Houst Lb & P
Howe Soda
Ay Aly Empire
City
Inland
Guaranty Trust
Bay
Harover
Way Irving Trust
Mirs Trust
Johna Man Za
Jaye
Jones
Kaiser
Insurance Kennecott Éa
Kern
Smith, Ramsay & Co
Lenigh C&n
Wmay
Avia Insurance QI
Ao Ao EN
Aetna Life Ar
Ligg & My
Conn Gen Life
Argary AI
Hartford Fire
Loew's
Martin Co
Bridgenort
Bullard Company i
Lagt Sale Hoag Pub Sye
Harvey Hubbell Oy
Locke Steel
Finven
You Monsan
Ateak, Fermart Petroleum
Peeese
New Haven Way
McKesson
Mont Dow
Harvey Abbelt
Eee
Hampar
Raybeatos Inc
Kaiser Industries Nee
Eouth
Telegreo
Remington Arms
Monter Oil Wa
Pantesec Ou
van Motorolay
Underwood Corp Ae
Transent Gas
United Aircraft
Nat Dairy
Iby
United Diam
Adary
Sieg West Mess Ce
A. M. Kidder & Co, Inc
Smith
Ramsay
American Exchange
Reading Road
Norman F. Nacex & Asspelstes
Atomic Development Fund
Canada General Fund
Commonwealth Investment
Eaton & Hwrd
Fidelity Fund i
Fundamental Investors
Incorporated
Philadelphia National Bank
William ST. Fund
Norman
Baupwin Pearson
NEW York Stock Exchange
New Haven
Bridgeport
Niagara Mohawk|lakes
Great Lakes
American Iron Ore Association
M. A. Hanna Co
Association
U.S. Furaces
Avia
Goodrich-Gulfi
Connecticut
Dictaphone Corp
Handy Harman Oy
Kerite
Landers Frary Clark
Marlin Rockwell
New Britain Machine
North Judd
Peter Paul
Plame Atwood Seed Ff
Atk Safety Industries
Stanley Works Das
Chain Belt
Sues Smith - Corona
Douglas Kahle
Kahle
Broad Street
Milford
United Shiminating Company
Kahle Electric
THE
United Illuminating Company
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