Glen Alden and List Industries report 1957 results and merger data
Glen Alden Corp reports a 1957 net loss of 2.97 million before a 125 thousand special charge while List Industries shows 1957 consolidated net income of 2.04 million before special item. The merger plan to acquire List assets is disclosed with 1957 and prior-year figures and policy adjustments. Time Inc posts record 1957 revenues but earnings decline to 12.02 million, with 1955 and 1956 comps noted and holdings in Time Life Fortune Sports Illustrated Architectural Forum and House and Home.
MENTIONED IN THIS ARTICLE
New York
Cita Alden Corp
List Industries Corp
Glen Alden
List
Glen Alden Sail Consolidated
List Industries
Case
Glen. Alden
Matches
Matches Co
Time, Inc
St. Regis Paper Co
Houston Oil Co
Texas
Publises
Time
Life, Fortune
Sports
Copper leads stock market comeback as oil rally boosts gains
New York March 24 copper shares paced a modest advance as trading volume rose. The market neared its 1958 recovery high with oils rally helping early gains, while most leaders rose only slightly and some decline appeared in late trading.
MENTIONED IN THIS ARTICLE
New York
Erie Railroad Reports Two Month Loss Amid Revenue Decline
New York March 24 Erie Railroad posted a net loss of 2 294 248 for the two months ending February 28, down from a 770 508 profit in the year-ago period. Gross totals and per share figures are unclear but show a sharp year-to-year drop.
MENTIONED IN THIS ARTICLE
New York
Erie Railroad Today
Petrofina and peers report 1957 earnings in roundup
Petrofina Inc 1957 net income 1 542 55 or 25 cents a share on 6 256 300 shares. British American Oil net 1957 332 179 717 or 1 74 a share on 398 269 885 sales. General Merchandise eight month net 667 000 or 1 13 a share. Other firms listed include Dana Pennsalt Mountain Fuel Interlake Simplicity Sprague Atlas Munsingwear Reed National Can and Weyenberg with varied earnings and losses. Standard Railway Equipment also reports first quarter results and a 25 cent dividend.
MENTIONED IN THIS ARTICLE
Americas Petrofina, Inc
British-American Oil Co., Ltd
General Merchandise Co
Canadian Industries Ltd
Cummins Engine Co
Dana Corp
U.S. Industries, Inc
Pennsalt Chemical Corp
Mountain Fuel Supply Co
James Lees & Sons Co
Interlake Steamship Co
Perfect Circle Corp
Sprague Electric Co
Atlas Plywood Corp
Munsingwear Inc
National Can Corp
Reed Roller Bill c
Simplicity Pattern Co. Inc
Standard Dredging Corp
Weyenberg Shoe Mig. Co
Silex Co
Planned obsolescence challenged as industry debate grows
In a review of planned obsolescence, Walter Teague and others argue it wastes resources amid rapid American technical progress. The piece notes auto, appliance, and office-furniture tactics to prompt consumer dissatisfaction while defenders say durability sells.
MENTIONED IN THIS ARTICLE
America
Detroit
Teague
Utilities Earnings Loom Large Across Regional Firms
Utilities earnings rise with Houston Lighting & Power posting 12 month net of 19,000,483 or 2.76 a share ending Feb. 28, against 17,670,297 or 2.56 last year. Utah Power & Light reports 8,754,972 or 1.81 a share versus 7,069,978 or 1.73. California Water Service and others report Feb. 28 results, with gains and plan for expansion in Providence projects involving Lightmaster and Mutual Electronics, plus job creation estimates.
MENTIONED IN THIS ARTICLE
Houston Lighting & Power Co
Paul A. Cameron
Puget Sound Power& Light Co
Feedback Controls, Inc
California
Utah Power & Light Co
California Water Service Co
Steel output slated lower for this week
Steel production for the current week is estimated at 1,363,000 tons, reported by the American Iron & Steel Institute. The figure equals a percentage of weekly capacity, with last week at 1,417,000 tons or 52.4 percent of capacity based on 140,742,570 net tons annual capacity as of Jan 1, 1958.
MENTIONED IN THIS ARTICLE
New York
American Tron & Steel Institute
Canadian Marconi Omits Dividend in 1957 Earnings
Montreal March 24 Canadian Marconi Co. says it will omit payment of a dividend for 1957 earnings due now. President S. M. Finlayson cites operating deficit incurred in 1957. The firm has paid six cents once in the past two years.
MENTIONED IN THIS ARTICLE
Air Force Academy
Colorado Springs
Montreal
Marconi Co
S. M. Finlayson
Shoe Output Off Boston March 24
Preliminary estimates from the National Shoe Manufacturers Association show February production at 49,700,000 pairs, down 3 percent from 1956. March outlook put output at 50,500,000 pairs, about 1 to 1.0 percent under March 1957, with Q1 1957 production around 153,641,000 pairs, down 4,000,000 from 157,640,000.
MENTIONED IN THIS ARTICLE
Boston
National Shoe Manufacturers Association, Inc
Trade Organization
Colgate Palmolive Optimistic About 1958 Growth
Colgate Palmolive Co. chairman Edward H. Jittle says the firm remains optimistic about 1958, expecting continued growth worldwide despite the recession. 1957 earnings reached 19,820,000 dollars or 7.31 dollars per share, up from 1956’s 15,477,000 dollars or 4.04 dollars per share.
MENTIONED IN THIS ARTICLE
New York
Colgate Palmative Co
Edward H. J.ittle
Little
Colgate
Colgate Palmolive Co
Dividends prompt across multiple companies
Dividend notices list regular and semi annual payments for many firms including Aberdeen Petroleum, Fireman's Fund Insurance, Leeds and Northrop, Sterch Brothers Stores, Hart Schaffner and Marx, Trane, Adams-Millia, Camden Fire Insurance, A P Green Fire Brick, Lehigh Valley Coal, Neiman Marcus, Public Service of New Hampshire, National Manufacture & Stores, San Carlos Milling, Computer Investment, and Am Equipment. Payments occur mainly in April and May with specific record and payment dates and per share amounts.
MENTIONED IN THIS ARTICLE
General Milleise
Ord
Aberdeen Petroleum Corp
Fireman's Fund Insurance
Leeds and Northrop Co
Sterch! Brothers Stores Inc
P. H. Glauester Co
A. P. Green Fire Brick Co
Lehigh Valley Coal Corp
Neiman-Marcus Co
Public Service Co. of
New Hampshire
National Manufacture & Stores Corp
San Carlos Milling Co
Computer Investment Co
Am Equipment Corp
Century Electric Meeting Adjourned for Proxy Tally
Century Electric Co. adjourned its annual meeting again this morning in St. Louis to allow tellers to finish tallying proxies. Joyce Pillsbury, secretary treasurer, said ballot tallying had not been completed after Saturday’s adjournment.
MENTIONED IN THIS ARTICLE
ST. Louis
Century Electric Co
Joyce Pillsbury
Bullard Replies to Insurgents In Proxy Controversy
E C Bullard chairman of the machine tool firm rebutted a proxy statement from a protective committee. He called Walsh's push a raid aiming to take over the company and said the Walsh group owns 3400 shares and seeks a special deal amid the recession.
MENTIONED IN THIS ARTICLE
E. C. Bullard
Machine Tool Company
Bullard
Walsh
Mr. Bullard
James A. Walsh
Lodge and Shipley Company
Cincinnati
Walsh Group
Lever Bros. Reports 1957 Record Sales in New York
Lever Bros. Co reports 1957 sales of 345.6 million dollars with a net profit of 5.9 million dollars. The company says 1957 sales were an all time high and notes it is a Unilever subsidiary with separate U.S. board while sharing the parent boards.
MENTIONED IN THIS ARTICLE
New York
Lever Bros. Co
Lever Bros
Unilever
N. Y
Unilever, Ltd
U.S.A
Swift Armour Cut in Shortening Prices
Chicago and New York reports show Swift & Co and Armour & Co cutting shortening prices by one cent per pound effective today. Hydrogenated shortening at 211.5 cents and Standard at 303.5 cents mark the lowest levels since January 1956, after a prior cut on February 5. In New York, Applied Research Laboratories stockholders will vote on a proposed purchase by Bausch & Lomb, valued at 78 620 shares of Bausch & Lomb stock.
MENTIONED IN THIS ARTICLE
Chicago
Swift & Co
Armour & Co
New York
Applied Research’Laboratories
Glendale
Calif
Bausch, & Lomb Optical Co
Bausch &Lomb
ARL
Bausch & Lomb
Also Mentioned on This Page
Bare
Connecticut
Lesues
Connecticut Industries
Piet Trent
Ro Waaepoe
Matias
Aitephone Corp
Kefaie
Barre
Boeing
American Stock Exchange
Campbell Chibingemau
O'Kiep Capper
Humble Oil
Molybdenum
By ED Morse
Ares
Ara Taree
Jeer
Dow Jones
Merch Lew Cae
U. S. Hoffman
Banach & Leva
ERIE
Steels
Alum Ltd
Nh& Hart
North West
Amar
Avil
Ain
GeiaFl
Sa Ag
Oliver Ty
Vay
Iee
Pan AW Air
van Wenn
Our & Co Ie
Pfiner
Phila
Atchison Ice
Patico
Philly
Ate
Hala Lima
BEG
Cray Clan
Pubiick Ind
Bendix Ag
Ally iPullman
Pittshureh
Race Warn
Pegun
Hell Transport & Trading
Etse Mt
Moat
Aullara Eee
Port Ind
ViNa Pichia
Royal Dutch
Rehr Aire
Royal Be
Magma Copper
Bateway
Pac Tye
New Cater Trace
Spee
Jersey
Vas van
Schering
Texas Gulf
Aid Reeta Ae
Rhodesian Selection Trust
Hea & OW
Gowthern
Kennel Cute
Cott Rose
Phelps Dod
International Nickel
Wivtrry Pd
Texas Co
Stan War Q . Yely Ted
Chiach
Crane Co
Texay Co Ga
Cunte Pub . Ise
Motors
Chrysler
General Dynamics
San Tia
Tidewet
Sollinois Central
United
Baltimore
Mer
Ohio
Southern Railway
Airen
Enels
Goeritien
Wileo
Worthington
Bary
Gus
Homeatt
Val Mare
Haint
Kernen
McNeal
Fanwan
Mack Trek
Raith
Rameas
Buith
Ramsey & Cov
Eats Trust
Barkers Trust
Tay Berk
Guaranty Trust
Tring Trust
Petrofina
N. E. Business Roundup
Standard Railway
Standard
Mig. Co
R. A. Williams
Williams
Stand
Business Mirror
By Sam Dawson
Walter Darwin Teague
Feuer
Isosen
Brown Co
Berlin
Nlh
New England Council
Peck, Stow and Wilcox Co
Southington
Conn
Air Force
Ethan Alten Air Force Base
Winnyski, Vt
Esterlich
New England
Waltham, Mass
Providence
R.I
Orfe
Liehtmaster, Corp
Rhode Island
Canital
New Rochelle
N.Y
Mutual Electronics Industries, Inc
Rau’ Fastener Co
Chase Brass Co
Waterbury
Sona
Taboo Braid Co
Carl N. Beetle Plastic Corp
Fall River
Mass
Crompton & Knowles Corp
Worcester
Civil Aeronautics Administration
R. M. Bradley & Co., Inc
Marconi
Hoes Borg Waion Varad Vm
Colgate Voices
Century Electric
SWIFT
Erento Ns
Va Lo
Melrose
Chas. W. Scranton & Co
New York Stock Exchange
John ST
Bendgepert
Westpert and
Norwak
Enssergrise
Nermes J. Gayner Arther
Jemnings Investments
New Haven
Meleess Diet Co
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