SEC Accuses Advisory Services of Fraud in Stock Tip Scheme
New York March 3 The Securities and Exchange Commission accuses Advisory Services and its officials of fraud and deceit for touting stock tips including Anacon Lead Mines Toronto in paid publications. Officers Melvin A. Johnson and James Barnes named. The American Stock Exchange suspended trading and a preliminary injunction hearing set for March 4 to restrain further violations.
MENTIONED IN THIS ARTICLE
SEC
Advisory Services
New York
Forecaster
Exchanges
Financial Fare Commission Today
Anacon
Cornty Forecaster, Inc
Newcaster
Con's York
M. J. Boylen
Accordviser
Ing
Advis
Melvin A. Johnson
Lead Mines, Ltd
Toronto
James Barnes
Edward American Stock Exchange
Weinfeld
UT Chon
Dividend listings and stock market update from New York
A March 3 AP report details quarterly dividends from Mutual Funds and various corporations including Gas and Electric, Commonwealth Investment, and Baldwin-Hill Co. It notes record and payment dates, and lists multiple quarters with per share amounts. The market commentary highlights a improved, uneven session with slight volume increase led by gains in certain sectors.
MENTIONED IN THIS ARTICLE
eTallimere Gas and Electric
Aloemle
Diege Gas and Electric Co
Canada General Fund
Commonwealth Investment
Val Mer A Ccses E Ilgar Ae Ee Corte
Marsh
BG Foods Inc
Baldwin-Hill Co
Battery Co
Central Maine Power Co
Erie Resistor Corp
Faultless Rubber Co
Ederal Bake Shops Inc
Nebraska Natural Gas
Latrobe Steel Co
Telephone & Ti Co
New York
Gils and Rubbers
Jeanne Eartek
Stock News: Litton Aborts Aircraft Radio Bid in Proxy Fight
Litton Industries drops its plan to acquire Aircraft Radio Corp after insufficient acceptance from 80 percent of Aircraft Radio holders. The report also lists 1957 earnings and per share data for multiple companies including American Home Products General Cigar Co and Wisconsin Public Service, and notes Fox Head Brewing proxy battle ended with no board change.
MENTIONED IN THIS ARTICLE
Dow Jones
St. Regis Paper Co
Tocome Ralls
Wee Close Container Corp. of America
Shell Trans
Royal Dutch Oe
NLS
Greyhound Corp
Chicago
Mkts
Riararhia
Abe
Litton Industries, Inc
Aircraft Radio Corp
Aircraft Radio
Bed & Site
American Home Products Corp
Ex-Cel Corp
General American Transportation Co
Arundel Corp
Butler Brothers
General Cigar Co. Inc
Basic Inc
Hart Schaffner & Marz
Menge] Co
Fox Head Brewing Co
Gulf Oil
Alco Prod
Alleg Pt
Nat Thea
Allied
Allis Chal
Wary
Alum. Ltd
NY NH & Hart
Alcoa
YNY
Soe
Nia M Pw
Albin T
Nort & Weat
Am Bosch Ib
Rails
Am & F Pw
Ama Gas & Bl
Am Ma&afdy
Si Am Motors
Olver Co
Lone Star Cement Corp
Pac
Busi. Am N Gas
Pan A
Am Tel & Tel
Link-Belt Co
National Tea Co
Senate
Armco
Philco
Armour&Co
Wat
Tia Abe
Phil Pet
Associated Press
Atl Cat
Atl
Ohio Brass Co
Lima
Batt G & F
RCA Leve Ax
Bait
Repub
Lorillard
Beth Bieel
Boeing Air i
Borden
Peery
Rem
Shel Trans- Budd Co
Rodr Alrc
Port & Trading
Bullard Yaan
Royal Cutrence
Ant . Weer
Safeway St
Ore Fe
Royal Burl Ind
WML San Fran AB
Avy
Burroughs
Schentey Ibney TS
U. S. Steel
Schering
Standard Oil
New Care
A Kee
Beach AL RR
Jersey
Caler Trac
Bears Roe’ Ib
Celanese I Ae
Cher & Oh
Southern Co
Chm
Sp&pac
Sou Pac
Chrysker
Gulf Oil Rose
Amerada
Sperry Ra
Shell Oil 2
Texas Co
Cato F & Nr
Goodrich Columbas
Goodyear
Sunray
International Nickel
Swit & Co
Generaal Electric Commun
1&Texas Co
International Paper
Johns-Manville
U. S
Tex
Bull
Cosden Pet
Chrysler
Crane Co
Tex P Cad
Ford
Boeing
du Pont
Illinois
Culler H
Krant
Tideway
Olt
American Stock Exchange
Doug Aire
Compardu Pont
Way
United Co
Fruit
Creole Petroleum
Din- East Air Ltd
UN Gas Cp
WS IY
M & Br
Qners Club
Scurry-Rainbow Oil East Rod
EL & Mos
Erie RR
Firestone
Bae
Vanad Cp
Ford Met
West An Tel
Weaty A Bk
Ing. Gen Dynam
Am Wertz el
Ol Wilson & Co
Woolworth
Gen Motors
Worthington
Yass Sa T
Zenith Radia
Connecticut Industries
Goodrich
G. H. Walker & Co
Grace & Co
Greyhound
New York Air Brake Co
Arrow-Hirt Hern
Grom Aire
Stk
Associate Spring
Gulf Mobko 2A
Way & Special
Randy Harman
Mary
New York
Kerie
Landers
Frary Clare
Martin Rockwell
New Britain
Jonny Manza
Noth Judd
Peter Paul
Jones & le
Kennecott
Safely Industries
Stanley Works
Lehigh C&n
Torrina
Loews
Maine
Marine Md
Martin Co
Merck
Tay
Middle Boyl
New Haven
Aetna Insurance
Ratns
Monson Curb
Ial
Mont D Uttaay
Me Amerix Can
Mont Ward
My ‘ OY
United Uium A
Nat Buck Jews Oi
Nat Dairy
Peeriews Ingur
West Mass Co
Byrd Seeks 104 Leaders' Views on Stabilizing Economy
Senator Byrd announced that 104 business and government leaders and economists were asked to submit views to the Senate Finance Committee on causes of the recession and measures to counteract it. The 17 point questionnaire probes inflation, debt, taxation, monetary policy, and the role of federal action. The effort includes responses from Fed presidents, corporate officials, economists, and association heads.
MENTIONED IN THIS ARTICLE
Ist
Regis
Byrd
Washington
D-Va
Senate Finance Committee
United States
Federal Reserve System
Federal Reserve Bank
Southern Natl Gas seeks big expansion plan
Southern Natural Gas Co has filed with the Federal Power Commission for authority to expand its natural gas pipeline transmission capacity by about 300 million cubic feet per day, raising delivery capacity to roughly one billion cubic feet daily. The plan envisions about 64.5 million dollars in new expenditures, with total related outlays nearing 110 million dollars.
MENTIONED IN THIS ARTICLE
New York
Southern Natural Gas Co
Federal Power Commission
I T. Chenery
Also Mentioned on This Page
Plymouth Rubber Co. Inc
Speer Carbon Co
Tappan Co
Temeco Aircraft Corp
Union Investigation Co
Universal Leaf Tobacco Inc
By ED Morse
Connecticut
NEW York Air Brake
Litton Industries
INSA
Smith, Ramsey & Co
Northern Natural Gas Co
LTE
Circuit Break Co
American Pipe & Construction Co
Wisconsin Public Service Co
FOX Head Brewing
Rices
Smith, Ramsay & Co
Bly
City Trust
Nat Bk
Bankers Trust
Bank of NY
Chase-Marnhat'n
Chemical-Com
Empire
Guaranty Trust
Hanover
Bk NY
Jeving Trut
Mirs Trust
Aby
FON
Hans Ciles Building
Fairchester Service! Corporation Automotive Leasing
Westport, Conn
Tures
Antenna
W. Barney's
Main Street
TSS Mortgage CO
Truse
America
Steel Obep
Geirfolio
Streseion
Ropeen
Actomot
Conporstion Ia
Norman F. Lacey
State Street
Bridgeport, Conn
Container Corp
Nashville
General Shoe Corp
W. Maxey Jarman
Mr. Jarman
Local Industries
A. M. Kidder & Co, Inc
Geary Abt
Bidgeport Brass
Bullard Company
Casto
Crane Company
Harvey Hutten
Locke Steewald
MeKeston Robbins
Raybestes Inc
Remington Army Aete Lr
American Exchange
Kidder & On. Inc
Carco Products
Harvey Hubbel
Kaiser Industries Eenee
Pancepee
Southern Nat’l Gas
Chas. W. Scranton & Co
New York Stork Exchange
John ST
Bridgeport
Westport
Norwalk
Enterprise
Norman J. Gaynor
Arthur O. Jean Nyn
Hincks Bros. & CO
Main ST
Bpt
Conn
Neme
Incorporated
Ediso
Midwest Stock Exchange
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