Woolworth May Sales Rise 14.5 Percent on New Stores
F W Woolworth Co reports May sales up 8.8 million dollars 14 5 percent from 1957 driven by 30 new stores and improvements at 20 existing units. May total 69 6 million in 2129 stores while five month total reaches 301 82 million up 13 10 percent. Permanente Cement Co offers 8 57 a share for Olympic Portland Cement Co as Kaiser affiliate plans expansion in Pacific Northwest.
MENTIONED IN THIS ARTICLE
Woolworth
UPS/Permanente
MAY
Olympic Portland Cement Co
New York
F.W. Woolworth Co
the Lake
San Francisco
Permanente Cement Co
Kaiser Industries Corp
United Molasses Co. Ltd
London
Permanente
Olympic
Bellingham
Wash
Seattle
Warning that changed my life and my income
A reader recounts subscribing to The Wall Street Journal and says timely warnings and profit ideas helped him advance from salaried work to higher earnings. He credits the Journal with exposing new inventions, industries, and money-saving tips useful for ambitious men earning 7000 to 20000 dollars annually.
MENTIONED IN THIS ARTICLE
America
Carter Products Up Sales See 59 Cents 1958 Earnings
Carter Products Inc reports year ending March 31 income of 5 6 million or 2 18 a share up from 4 473 million 1 74 a share in 1957 sales reach 42 5 million versus 41 826 million. Chief Hoyt says business outlook bright and 1959 should be better.
MENTIONED IN THIS ARTICLE
Util Luce Ers
EL Cattog
New York
Ter Products, Inc
Wall Street Journal
Iast
Ness
Hasilar
Tiedtooths
H. H. Hoyt
N. S. Society of Security
Oy Lell
Alysts
Strert Journal
Broad St
N.Y
Dow Jones
Utilities
Agit
U.S. Steel
Std Oil N.J
Natl Steel
Warner Bros
Precision navigation system demonstrated at Westchester airport
General Precision and Edwin A. Link showcased Hidan Link, a new air navigation system for planes that aims to prevent collisions and speed up air safety. The instrument, contained within the aircraft, can tell pilots exact locations and predict arrival times, with potential for mass production within a year.
MENTIONED IN THIS ARTICLE
White Plains
N. Y
Westchester
Link
Edwin A. Link
General Precision
Us c
Hidan
Mr. Link
Six Big Oil Firms Plead Not Guilty in Price Fix Case
In Alexandria Virginia on June 9 six of twenty nine major oil firms pleaded not guilty to charges of conspiring to fix crude oil and gasoline prices tied to the Suez crisis era. The judge scheduled pre trial motions and hearings for September 10 with about one hundred lawyers to coordinate the case. The six defendants include Cities Service Co Arkansas Fuel Oil Corp Atlantic Refining Carter Oil and Humble Oil and Refining Co affiliates of Standard Oil Co NJ. The indictment was handed down May 29 with initial denials of the conspiracy.
MENTIONED IN THIS ARTICLE
Alexandria
U.S. District Court
Albert
U.S
Joseph E. McDowell
Bryan
Cities Service Co
Cities Service Oil Co
Del
Arkansas Fuel Oil Corp
Atlantic Refining Co
Carter Oi Co
Humble Oi & Refining Co
Carter
Humble
Standard Oil Co
New Rise Forecast in Output of Steel
New York reports steel production for the week at 1,723,000 tons as the American Iron and Steel Institute notes this equals 63 8-10 percent of weekly capacity. Last week produced 1,685,000 tons or 62 416 percent of capacity based on 140,742,570 net tons annual capacity.
MENTIONED IN THIS ARTICLE
New York
American Iron & Steel Institute
Reliance Meg Halves Dividend Amid Losses
Reliance Manufacturing Co declares a 25 cent dividend on common stock payable July 1 to holders of record June 70. The firm posts a March quarter net loss of 67,715 versus 409,827 or 89 cents a share a year earlier. Chairman J. M. Safie says the board cut the dividend due to unfavorable first quarter results but may resume the 50 cent quarterly payment when feasible. Books for the fall season rise. company operates profitably and expects yearly results to compare favorably with 1957.
MENTIONED IN THIS ARTICLE
New York
Reliance Manufacturing Co
Reliance
J. M. Safie
Allied Labs Files Acquisition Stock Registration
Allied Laboratories Inc of Kansas City asked the SEC to register 65 000 shares of its common stock to be exchanged for 9 243 outstanding Campana Sales Co. shares. Allied will own all Campana stock after the exchange and plans to keep Campana as a subsidiary with minimal management changes. First National Bank of Chicago will receive 43 percent of Allied shares, with the remainder distributed to seven Campana owners.
MENTIONED IN THIS ARTICLE
Washington
Allied Laboratories Inc
Kansas City
SEC
Campana Sates Co
Batavia
Ill
Allied Labs
Campana
Allied
GM Delco in Rochester recalls 100 workers over 1959 car parts
The Delco appliance division of General Motors in Rochester recalls 100 production workers this week after orders for 1959 car parts arrive. Management expects the workforce to rise, but the increase depends on 1959 car model production schedules. The plant currently employs about 2,600 workers.
MENTIONED IN THIS ARTICLE
Delco Appliance Division
Gen.eral Motors Corp
Rochester
Wall Street Irregular With Selective Strength Seen
Wall Street showed irregular trading with selective strength after a run to yearly highs. Steel stocks slid on Detroit price cuts despite higher output. Lorillard led gains among active issues, while aviation, copper, oils, and autos fluctuated.
Stock Market Mixed After Earnings Outlook News
New York stock prices rose on good earnings forecasts with United Aircraft up while Douglas fell. United Airlines and Eastern rose fractionally. Endicott Johnson declined amid dividend cut. Peoria & Eastern Railway fell after a volatile jump. several others moved modestly. Volume was 740000 shares. Losers included Creole Petroleum and A&P. gainers included Louisiana Land and Imperial Oil. Corporate bonds rose slightly as Treasuries weakened.
MENTIONED IN THIS ARTICLE
Hibris
Lorillard
Associated Press
Boeing
Avco
American Airlines
U.S. Steel
National Steel
National
Great Lakes Steel Corp
Detroit
Chance Vought
United Aircraft
Douglas
United Airlines
Eastern Airlines
Endicott Johnson
Reliance Manufacturing
Twin City Rapid Transit Co
Youngstown Sheet
Union Carbide
International Nickel
Peoria & Eastern Railway
New England Power Bond Bid Victory Announced
Halsey Stuart & Co. submitted the winning bid for 10 million dollars in New England Power Co. bonds at 101.841 for a 4 percent coupon. The issue will be reoffered at 102.655 to yield 3.85 percent.
MENTIONED IN THIS ARTICLE
New York
Halsey Stuart & Co., Inc
New England Power Co
Dividends Declared by Diverse Companies in July Payments
A list of scheduled dividend payments includes National Shares Corp 12.4c total for July, First Pennsylvania Banking and Trust Co 5c, Twin City Rapid Transfer Co 2.3712c, Security National Bank of Long Island 15c, Stop and Shop Inc 1c, Radio Corp of America 25c, Sunbeam Corp 35c, United Stockyards Corp 17.5c, May Department Stores 55c, Pacific Power & Light 40c, Purity Stores 10c, Vendio Co 1e, Cooper Tire & Rubber 1.24c, Steel Co of Canada 40c, Courtaulds Ltd 5p final, Home Insurance Co of New York regular ?, Penn Traffic Co 20c semiannual.
MENTIONED IN THIS ARTICLE
National Shares Corp
Pennsylvania Banking and Trust Co
Twin City Rapid Transfer Co
Security National Bank of Long Island
Security National Bank of Huntington
Stop and Shop Inc
Radio Corp of America
Sunbeam Corp
United Stockyards Corp
May Department, Stores Co
Pacific Power & Light Co
Purity Stores Ltd
Vendo Co
Cooper Tire & Rubber Co
Macy Net Off as Sales Rise in First Quarter
Macy's reports higher net retail sales for three weeks ending May 3, but income slips to 334000 dollars or 0.08 a share from 574000 or 0.18. For the year to May 3, net income totals 6610000 dollars or 3.22 a share on 458 million in sales, down from 4936000 or 3.41 a share on 441.175 million. The gain is affected by a Toledo Lasalle Koch Co strike that disrupts several downtown stores.
MENTIONED IN THIS ARTICLE
R. H. Macy & Co. Inc
Macy's
Lasalle K Koch Co
Toledo
Downt
Standard Paving & Materials Ltd
Canadian Devonian Petroleum Ltd
Cudahy Packing Co
J. P.steens & Co
Innc
Celotex Corp
American Air Filter Co
Lanston Industries, Inc
Mwingis Power Co
California Interstate Telephone Co
Pittsburgh & Lake Erie Railroad
U S News & World Report Trial Offer Headline
A promotional plea markets U S News & World Report as a must read, selling a 26 week trial for 2.67 dollars. It boasts broad coverage, expert insights, and a money back guarantee if expectations aren’t met.
MENTIONED IN THIS ARTICLE
U. S. Ews & World Report
Wews & World Report
Nlw
Washington
Aa . c
Lee
Also Mentioned on This Page
Wallace A. Marsh
San Jose
Calif
California
Pacific Northwest
Norman F. Dacey & Associates
AllNaled
Atomic Development Fund
Canada General Fund
Commonwith
al Eaton & Herd
Fidents Fund
Mass Investors Trust
Pioneer Fund Us
Wellington
The
Gen
Corneum Eteheseel
Wierd Street
Bridgeport
Mr Weisa
Reliance Meg
GM Delco
Wall Street
ED Morse
N.E. Power Bond
Kale Highlaw Sas
Minhtow
Abbott L
Nat Band Cove Oy
Va Admiral
Aley Prodhee
Atle
NY Centrans
Nyonh & Hart
Nila M Pw Ag
Us Alum Ltd
North West
Amerada
Nor Pac
Ohio
AM & F
AM & F Pw
Oliver Cy
Yan
Pacg & el Va
Pfizer
Phelps
Phileo
Philip M Ma
Armour & Co
Atchison
Aveo MI
Bald Lima
My Ven Raytheon
Ball & Oh
Bendix
Benguel Ae
Reyn
Stee
Boeing Air
Borden Gee ‘ An RieciNd
Borg Warn
Safeway
Ya Budd Co
Ry Burl Ind
Cen & SW
Southern Co
Ches & Oh
Sperry
OUR J
Colz Palm
Colo F& Ir
Sid
Stan War
Columbas
Sunray
Swilk & Co
Texas Co
Tex
Cosden Pet
Crane Co
Textron
Wy Curtis Pub
Tidewal OU Hl
Curtis Wrre
Transamer
Decca Recree
Doug Aire Fa
Aire A Sa
United
Ask Fruit
M& MI
Rl & Mus
Emec
US Steel
Erie RR
Vanad Cp
Faith E
Firestone
Aly Wesig
Denam
Say
Wilton & Co. J
Elec
Eas Gillette
U'S
Goodrich
Goodyear
Han Grace & Co
Greyhound
Connecticut Industries
G. H.walker & Co
Hesden
Houst E & P
Howe
Inland
Dictaphone Corp
Fafnir
Harve Él
Savast
Farrel Birmingham Bank
Handy Warman GM
Wwricestrom Smith
Ramsay & Co
Sar
Kettle Ae
Alaint Tel & Tel
Landers Feary Clar
City Trust
Johns Man
Marlin Rockwell
Nat Risex
Jonez & Ls
Tony Ws
Bi Bankers Trust
Kennecott
North Judd
Bank of NY
Kern C
SIM
Tahith C &N Ty Wy Way
K Safely Industries Empire
SY Satah Val RR
Stanley Works
SN City Ik
Oy & Oo
US Trust Qi
Lorilard
Mack Tre
Marine Mid
Marin Co
Catel Maine Pw
A A. M. Kidder A Co, Inc
Merck
Merrch&s
Omine Pee Bridgeport Brass
Smith, Ramsay & Co
Bullard Comparz
Htd Gas
Casco
Abed
Keensay
Aby
New Haven Gas Am
Aetna Insurance QI
Harvey Hebbelsi
Monson
New Haven
McMeason & Robbins
Bo Co Monteroo
Hartford Fire
Raybeatos Inc A
Mont Ward
Tex East Trans
Remington Arms
Motorota My
Tex Ge Trans
Tay
National Fire
Peerness
Nat Dairy
United Tyme
American Exchange
A. M. Kidder & Co. Inc
Casco Products
Felmont Petroleum
Harvey Hubbell Peerery
Panteoee Seeeye
Technicolor
United Alteraty Products
MACY
Connecticut
U. S. News & World Report
Flay
Khrushchev
Ike
Middle East
Reds
Scianca
Tire
Spa
Amd
Abera
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