Auto output at lowest weekly level since October
Detroit March 6 Auto production in the United States this week is expected to fall to about 4 225 units the lowest full week since last October after a model changeover and a week when Ford and GM reduced output. Last week 91008 cars were produced versus 140182 a year earlier. GM plants mostly stay on a 40 hour week while workers feel layoffs may follow to meet demand.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Lowes
Shendustry
Assemons
Ford Motor Co S Mn
Bord Divas Uy
General Motors Corp
United Awe Workers Union
GMS
Debenture and Bond Deals Led By Major Firms
New York reports show Halsey Stuart group winning a 30.9 million Columbia Gas System debenture issue, offering reissues at 99.623 to yield about 4.40 percent. Dillon Real & Co and Kastan Dillon close books on 40 million Olin Mathieson convertible debentures. Baltimore Gas and Electric closes books on a 40 million five year bond issue.
MENTIONED IN THIS ARTICLE
New York
Halsey, Stuart & Co. Inc
Columbia Gas System, Inc
Mathieson
Dillon, Real & Co. Inc
Kastan Dillon
Union Securities & Co
Olin Mathieson, Chemical Corp
Baltimore Gas Bonds
Halsey, Stuart & Co., Inc
Oundersrier
Baltimore Gas & Electric Co
Merck & Co Plans Secondary Offering Led by Goldman Sachs
Merck & Co files for a secondary offering of 25,000 shares of common stock to satisfy estate cash needs of George W. Merck. A group of 30 underwriters led by Goldman Sachs & Co will manage the public sale in March via the New York underwriting syndicate.
MENTIONED IN THIS ARTICLE
Yor
Dignan
Merck & Co. Inc
SRC
George W. Merck
Chineman
Goldman, Sachs & Co
Wall Street Talk on 1957-58 Prospects and Market Outlook
Wall Street notes mixed results and forecasts for major firms. Columbia Gas Rexall Drug and Homestake Mining are expected to show gains, while Revere Copper & Brass and Lorillard face earnings odds. General Shoe sales slip in the latest quarter with outlook for late fiscal year improvement. Raytheon deemed speculative by analysts. market groups show early recovery signs in cements electronics and building materials.
MENTIONED IN THIS ARTICLE
New York
INS
Wall Street
Columbia Gas
Rexall Drug
Homestake
Quartier
Revere Copper & Brass
Lorillard
Raytheon
Bache
Martin Gilbert
Joseph Far Ol & Co
Santa Fe Sets Up Freight Schedule
Fresno report says Atchison Topeka and Santa Fe will set up a Chicago to Kansas City to California freight schedule next week. The railroad claims it will be the fastest in American railroading by a full day with an 77 hour run time under the new timetable effective March 2. The schedule covers carload freight from connections and industrial districts.
MENTIONED IN THIS ARTICLE
Fresno
Calif
Atchison Topeka & Sana Fe Railway
Chicago
Kansas City
California
Santa Fe
Delavery
Wall Street Gains For Fifth Straight Session
Market optimism returns as five-day rally lifts the Dow Jones AP average by 1.70 to 162.60 with 698 advances and 211 declines. Royal Dutch leads activity up 6-8, while Royal Dutch, Bethlehem Steel, U.S. Steel and Standard Oil NJ push higher amid positive signals on credit and economic outlook.
MENTIONED IN THIS ARTICLE
York
Wall Street
Upside
New York Stock Exchange
Associated Press
London
Washington
Federal Reserve Board
Rails
duPont
Youngstown Sheet
Lukens Steel
Kennecott
Union Carbide
Gulf Oil L
Amerada
Illinois Central
Rhodesian Selection Trust
Royal Dutch
Bethlehem Steel
U.S. Steel
Standard Oil
Toledo
Shell Transport & Trading
Aluminium Ltd
Kaiser Aluminum
United ‘Aircraft
Wes
American Stock Exchange
Humble
S&p Vanadium Alloys Steel
U.S. Fail Bo
Creole Petroleum
New York Stock Prices and Connecticut Industry Notes
Connecticut industries, including Vrices Trema and HL Walker Co, appear in a report on stock prices and market movements. The brief highlights Connecticut firms amid broader market activity with minor price shifts noted.
MENTIONED IN THIS ARTICLE
Connecticut Industries Vrices Trema
HL Walker A Co
Kellogg and peers report 1957 earnings and sales gains
Kellogg Co. posts 1957 net of 17,052,209 or 3.76 a share up from 1956. Sales rise to 213,237,584. Food Fair Stores reports 40 week net of 37,357,588 or 2.18 a share, with sales 454,552,859, and outlook toward 600 million in the current year. Other listed firms show varying 1957 results, including Industrial Acceptance, Roosevelt Raceway, California Oregon Power, and more, with per share figures and revenue comparisons.
MENTIONED IN THIS ARTICLE
Kellogg Co
Food Fair Stores Inc
Louis Stein
Industrial Acceptance Corp
Roosevelt Raceway Inc
California
Oregon Power Co
Parke Davis Reports Promising Early 1955 Results
Parke Davis & Co. in Philadelphia reports January and February sales and earnings ahead of the 1957 periods. Vice president Harold W. Burrows says full year 1955 sales will rise modestly and earnings should match or exceed 1957. The 1937 annual figures cited: net sales $162,287,823 and net income $27,829.88.
MENTIONED IN THIS ARTICLE
Philadelphia
Parker Davis & Co
Harold W. Ph. Burrows
Philadelphia Financial Analysis
New York Banks See Loan Decline Despite Strong Reserves
New York City banks reported a $147 million drop in business loans for the week ending Wednesday, led by sales finance firms, with total commercial, industrial and farm loans about $78 million below a year ago. Reserve levels remained ample nationwide following a half point cut in reserve requirements.
MENTIONED IN THIS ARTICLE
New York
New York City
New York Federal Reserve Bank
Reserve Bank
Federal Reserve Banks
Treasury
Dividends and Earnings Notices From Major Firms
Dividend declarations and record dates for Dayton Rubber Hollad Furnace United States Trust Tidewater Oil Smith Corona National Linen Service Canadian Celanese Aldens Florence Stove Young Spring Devoe & Raynolds Diversey Giddings Lewis Louisville Gas & Electric Starrett Hanover Shoe General Realty Amerace Miller Woht Bond Fund Central Aguirre Sugar and others. Details include per share amounts payment dates and record dates for each company.
MENTIONED IN THIS ARTICLE
Dayton Rubber Co
Hollad Furnace Co
United States Trust Co
New York
Tidewater Oil Co
Smith-Corona, Inc
National Linen Service Corp
Canadian Celanese Ltd
Aldens, Inc
Florence Stove Co
Young Spring & Wire Corp
Devoe & Raynolds Co. Inc
Diversey Corp
Giddings & Lewis Machine Tool Co
Louisville Gas & Electric Co
L. S. Starrett Co
Hanover Shoe Inc
General Really & Utilities Corp
Amerace Corp
Miller-Woht Co., Inc
Boston, Inc
Central Aguirre Sugar Co
Stanley Works reports lower 1957 profit and sales in New Britain
Annual reports show Stanley Works 1957 sales of 95.06 million. net earnings 3.36 million or 3.08 a share, down from 98.81 million and 5.07 million in 1956. Capital program totaled 5.96 million. New Britain Machine Co. posts 1957 sales of 33.95 million, earnings 1.62 million or 3.74 a share, down from 39.32 million and 2.30 million in 1956.
MENTIONED IN THIS ARTICLE
New Britain
Stanley Works
John C. Cairns
The
New Britain Machine Co
Herbert H. Pease
Iboard
Ralph S. Howe
Coast Standard Sets New Highs in 1957 Oil Earnings
Standard Oil Co. of California reports record 1957 profits 288,230,39 or 4.56 a share on 1956 267,390,801 or 4.24 a share. Gross income from sales and other activities hits 1,740,004,913 with expenditures on capital rising to 411,000,000. Standard Oil Co. of Indiana posts 1957 gains 151,509,025 or 4.27 a share on 35,520,999 shares. Skelly Oil reports 1957 net income 36,785,340 or 6.40 a share on 1957 sales 2,010,114,857.
MENTIONED IN THIS ARTICLE
Standard Oil Co
California
Indiana
Skelly
Inncome
Earnings decline at New Britain Machinery Co
New Britain Machinery Co reports 1957 net earnings of 1.62 million on 33.35 million sales. Board chairman Herbert H. Pease says earnings per share equal 3.74, down from 5.41 in 1956 when net earnings were 2.30 million.
MENTIONED IN THIS ARTICLE
New Britain
New Britain Machinery Co
Herbert H. Pease
Scott Paper Earnings to Rise Over 1957
Dr. Scott Paper Co. expects higher 1958 earnings than 1957 based on incoming orders. Treasurer Paul B. Wyant cited reduced manufacturing and selling costs and stronger sales as factors, noting 1957 net income of 21.56 million dollars and 2.68 per share versus 1956's 22.36 million and 2.78 per share.
MENTIONED IN THIS ARTICLE
New York
Dr. Scott Paper Co
Paul B. Wyant
New York Society of Security Analysts
Scott
Wyant
CL&P Reports New Highs in 1957 Earnings and Revenues
Connecticut Light and Power Co reports record gains in net earnings and operating revenues for 1957. Wet income rose to 11.26 million with total operating revenues at 74.9 million. common stockholders reached 35,429, a new high, as the firm plans a 42 million construction program in 1958 amid drought and stock dilution effects.
MENTIONED IN THIS ARTICLE
Connecticut Light and Power Company
Sherman R. Knapp
Ommon
Knapp
Cl&p
Connecticut
National Tea hikes sales 22 percent in four weeks
National Tea Co. reports four week sales to Feb 22 of 58.92 million across 893 stores, up 22.2 percent from 48.23 million in 756 stores. Eight week sales to Feb 22 total 116.69 million, up 22.5 percent from 95.00 million.
MENTIONED IN THIS ARTICLE
National Tea Co
Montgomery Ward & Co
W. T. Grant Co
McCrory Stores Corp
Butler Brothers
G. & Y. Stores Co
H.L. Green Co
Also Mentioned on This Page
Clarence B. Naramore, Jr
Southport
Phoenix Mutual Life of
Hartford
National Association of Life Underwriters
Columbia Gas Awards
Merck & CO
Mutuss
Ching Prives Unem Norman
Hid Ashe
Poe
Sya Co Bees Fe
Wall St
Sew
Souder Pacific Co
Irentanapo
St. Lewis
Hireapia
Cakefornia
Ponts
Dow Jones
Kales Bales
Atena
Gore Amorada
Bey North West
Fu Autin
Ohia Oleg
Ai & F
Olin
FAY & Fy
ADY
Oliver Cp
M&bdy
Pee G & el
Pan AW
Pan Tay
Pany Smelt
Pepsi Cola
Phelps
Phila
Tae
Él Philco
Agiy
Philo Mer
jArmour & Ca
Phil Pet
Alehsen
Aveo Mia
Holt & On
Gees
Borden
Borg Warn
Rohr Airet
Royal
Rudd
Rutland
Safeway
Fes
San Frane ST
San Frane ST Iw
Burland
Henley
Sears Roch Yu
Southern Co
Cnes & Oh
I Tree
CAM Svapac
Kryster
Sherry Ra
Spiesel
Abi Sid Brand Ga
Ewilt &A
Canet
Texas Co
Cassion Pet
Ny Vt
Tex Paclo Crane Co
Curtis Pub
iCurtiss
Doug Aire
Umit
Gas
M&m
Vanad Cp
Watson & Co
Melos
Worthington
Abe Kinhart
Kidder & Co
Kellogg
American Investment Co
Ofllinois
Edward Hines Lumber Co
American Metal Products Co
Matson Navigation Co
Frans Co
Clark Controller Co
National Cylinder Gas Co
Pacific Cement & Aggregates Inc
Pendleton Tool Industries Inc
Central Foundry Co
G. M. Giannini & Co
Ludlow Mig. & Sales Co
Southern California Water Co
Diana Stores Corp
Foote Mineral Co
National Food Products Corp
Chas. W. Scranton & Co
Fersichers
John $S
Colin Tdison
Westport
the Peterprise
Nowi Arthur O. Jennings
Paci
John Street
Smith, Ramsay & Co
Dir
City Trust
Bankers Trust Qu
Bank of N
Chase-Manhatn
ienemical-Com
Empire Os
Cis
Guaranty Trust
Hanover Bk NY
Heving Trust
Mirs Trust
NY Trust
Ts Trust
Dir. Bia
Ntina Insurance
San
Keita le
Amer
Cena Gen Life
Martinrd Fire
Vesidas Insurance
Peerecs Ingur
Securiy
Travelers American Exchange rEram A. M. Kidder & Co, Inc
Iew
Stanley
Iscott Paper
Gl&p
Mart
WonderBoy
Petist
Vere Hewres
A.ls
Pbs
Sanday & AM
Chas. E. Johnson & Son Incorporated
Kings Highway
Fairfield
Cory Ire
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