SBA Halving Interest Share Aims to Spur Small Business Loans
Washington report says SBA will cut its interest share in small business loans by half to bolster lending. Administrator Barnes told Senate committee that banks have reduced their loan participation, and the plan seeks to restore bank incentives by increasing the shared interest return. Details mention copper price shifts and coordination with Secretary Weeks and Treasury.
MENTIONED IN THIS ARTICLE
Washington
Barnes Seid
Small Business Administration
Brussels
Barnes
Senate Smalls Union Miniere du Haut
Treasury Anderson
E ‘Commerce
SBA
Lycoming Aims for Gain in 69 With Engine Shakeout
New York March 25 Avco Manufacturing says first quarter income fell as it phased out military reciprocating engines at Lycoming division. Prospects hinge on increased gas turbine output. Lycoming HQ in Stratford Conn with large Williamsport Pa plant. SBA backing loan portions to 50 75 or 90 percent shifts to 1 percent rate and banks service the loans. direct SBA loans also noted.
MENTIONED IN THIS ARTICLE
New York
Avco
Lycoming
Avco Manufacturing Corporation
Stratford, Conn
Williamsport
St Sba
new _ airate
Avca
Kendrick R. Wiland
Manning Maxwell Moore Reports Record 1957 Income
Manning, Maxwell & Moore Inc reveals 1957 net income of 2,955,847 and per share 3.76 on 785,280 shares, with net sales of 56,919,000 up from 45,798,822 in 1956. Backlog built late 1957 promises a strong 1958 start. production of gas turbine engines to grow in 1959.
MENTIONED IN THIS ARTICLE
Manning, Maxwell & Moore, Inc
Creece
Avco
Wilson
Dividends and records from major firms list
A compiled list shows quarterly cash dividends on common and preferred shares from companies including Link Belt Caterpillar Toledo Edison Hat American Can Con Vanadium American Marietta American President Lines Falstaff Gamewell Goodman Okonlie Southern Colorado Stone Container Kitin Gimbel Brothers American Natural Gas Wrigley Atchison Topeka Santa Fe Reading with payment and record dates such as June 2 May 5 April 28 April 15 May 1 April 18 May 15 May 13 April 18 May 1 April 10 April 30 April 15 April 4 April 1 May 1 May 10 May 1 and May 1 April 10 etc.
MENTIONED IN THIS ARTICLE
Caterpillar Tractor Co
Toledo Edison Co
Falstaff Brewing Corp
Gamewell Co
Goodman Mfg. Co
Okonlie Co
Southern Colorado Power Co
Stone Comtainer Corp
Kitin Department Stores Inc
Gimbel Bres
Fon Pfd
American Natural Gas Co
TCR
Wm. Wrigtty Jr. Co
Atchisee
Topeka
Santa Fe Rey
Weual
Reading Co
Kelsey Hayes Report Shows Sharp Year to Year Income Drop
Kelsey Hayes Co reports quarter ending February 28 with net income of 392,073 dollars or 27 cents a share on 1,448,829 shares, down from 2,225,883 dollars or 1.65 a share on 5,348,? shares a year earlier. Six month results show 1,801,014 dollars or 1.24 a share versus 3,756,670 dollars or 2.79 a share previous year.
MENTIONED IN THIS ARTICLE
Kelseytayes Co
Fruehauf Trailer Co
Monro-McCormack Lines Inc
American-Marietta Co
Glidden Co
Fort Wayne Corrugated Paper Inc
Filre Corp
Complidatet Rock Products Co
Reserve Oil & Gas Co
Charne
Richfield Oil to Offer $50 Million Convertible Debentures
Richfield Oil Corp announces $50 million of convertible debentures at 4 3 8 percent coupon will be offered to stockholders at par after SEC clearance. Merrill Lynch, Blyth & Co sign underwriting. rights expire April 14. Debentures due 1983 convertible into Richfield common at $70 initially. Subscription rights based on $100 debentures per eight shares. Subscriptions close April 14.
MENTIONED IN THIS ARTICLE
New York
Richfield Oil Corp
Merrill Lynch, Pierce, Fenner & Smith
Blyth & Co, Inc
SEC
Richfield Oil Common
Kebes
Richfield
Huh Law Abbott L
Monterot Sae
Admiral
Bai
Mont Ward
Alco
Motorola i
Ar'y Aled
Chad U
Alum Ltd
North& Weat
Am Gas & el
Nor Pac
M&fdy J
Bey Am Motors
Norsta Pw
Ohio Edis
Onla O
Olin
Oliver Cp
Pac G & el
SUN
Armco
Pepsi
Philca
Philip Mor
Phill Pet
Avco Mn
Bald Lima
Ind
Bendix Av
Pullman Ga
Benguet Pure
Ome O's ‘ Briges
Repub Sd
Rex Dnig ‘Te
Budd Co
Reyn Met
Asi Aulard Au
Rey Tob
Burt
TOM, Martin Co
Yester- Burroughs
Army
LaCrosse
Safeway St
Cdn Pac
Tay
Scheniey Bay
Shell
Ors Ches & Oa
Sinclair
SiMe
Southern
Sperry
Cote Palr
Spiegel
Swift & Co
Crane Co
Curly Pub
Texas Co
Det L&w
Doug Aire
Ido Pont
el & Muwoon
United Cp
Erie
Maine
Chiri
M&m
Som Hous Pub &Ve
Vanad Cp
New Haven
Penn Fl
Gen Motors
West
Yast Sh& T
Greyhound
Zenith Rad
Grum Aire
Gulf Mopmon
Gut Wit
Heyden
Brith, Rattesy & Co
Hovat Lb & F
Ashes
Howe Fd
Emre
Jdobre San Ta
Jones & Be
Ob Kaiser
Guareaty Trvat
Hanover
Kennetol A Sa Oy
Irving Trust
Loew's Y
Fang
Bullard Company
la Martin Ca
Vernora
Cateo
Meddes
Harvey
Locke Stee
Tracy
McKesson & Robbins
Bttles Inc
Gia
Remington Arms
Monsan Choid
United Alcraft
Connecticut Industries Prices From Local Firms
A compact ledger style listing from A Mc Kidder & Co showing Connecticut industries and prices from G I Walker & Co. The column includes tickers and bid ask figures for names such as Acme Wire, Arrow Hil, Burndy, Cuno Eng, Emhart, Farrel Birmingham, Harman, Kerite, Landers Pracs, New Britain Machine, North Judd, Peter Paul, Safety Industries, Stanley Works, Torrington, Veeder Root and others with varied bid and price data.
MENTIONED IN THIS ARTICLE
Nictaphone Corp
New Britain Machine
North Judd
Peter Paul
Cety — Plume Agweood
Safety Industries
Stanley Works
Torrington Ca
Veeder Root
Stock Market Mixed As Trading Slips From 1958 Highs
New York March 25 AP Stocks paused near the 1958 peak. The AP 60 average fell 90 cents to 163.70 and the Dow Jones industrials dropped 2.79 to 450.196. Oils rallied late then faded. Utilities edged to a new 1958 high while copper, rails and most issues posted modest declines. Among active issues Martin Co led advances and Lorillard and American Cyanamid posted notable moves.
MENTIONED IN THIS ARTICLE
Commerce
International
Kerr-McGee
Amerada
Sinclair
Standard Oil
New Jersey
Gulf Oil
Anaconda
iKennecott
Phelps Dodge
Magma Copper
American Smelting Land International Nickel
Lorillard
Illinois Central
New York
Wall Street
Associated Press
Dow Jones
Philco
Martin Co
Getty Oi
Theese Benee Seret Beer Renee Enanag
Income Rails Ca
Shell T
Pennsylvania losses and railroads two months ending Feb 28
Pennsylvania Railroad reported a net loss of 11343.81 for two months ending February 28, versus a 1957 period net income of 1 361221. Net gross fell to 129062374 from 160336688. Norfolk and Western, Reading, Lehigh Valley, Missouri Pacific and Delaware Lackawanna Western also posted varied two month results, including losses and per share figures.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Norfolk & Western Railway
Reading Co
Lehigh Valley Railroad
Missouri Pacific Railroad
Delaware, Lackawanna & Western Railroad
New anti leukemia drug tested as weapon in fight
Bethesda Maryland March 25 a newly developed anti cancer drug may beat current leukemia treatments The National Cancer Institute led experiments with dichloroamethopterin produced by Lederle Laboratories A 75 percent higher effectiveness in mice extended survival ninefold and human trials will start once enough drug is available
MENTIONED IN THIS ARTICLE
Bethesda
National Cancer Institute
U. S. Department of Health, Education and Welfare
Abraham Goldin
Lederle Laboratories
American Cyanamid Co
Goldin
Lederle
Ward Sales Climb for Year Net Dips
Montgomery Ward & Co. reported a yearly sales high for the year ended Jan. 3, with net income of 29,696,757 dollars or 2.19 a share, down from 35,844,479 dollars or 2.65 a share a year earlier. Net sales rose to 1,073,799,422 dollars from 1,045,767,458 dollars.
MENTIONED IN THIS ARTICLE
New York
Montgomery Ward & Co., Inc
Also Mentioned on This Page
Tae la Reet
Sunshine
Bether
Spotlite
Cintlene
LaCie
Town Barney
East Main ST
Beardsley Park
Cork
Antwerp
M-M-M
Link Belt Co
Kelsey - Hayes
Schick Ime
Leeds & Northrup Co
Buckeye Steel Castings Co
Richfield Oil
Sinclair Oil Corp
Cities Service Co
American Stock Exchange
Creole Petroleum
Thiokol
Baley Selburn
O'Okiep Copper
Woodley Petroleum
Diners’ Club
U. S
Smith, Ramsayd& Cod
Karsforé
Peerieas
Kidder
Ieee Pantepec
United Aucrat Products
A. Mc Kidder & Co. Inc
Connecticut
Connecticut Industries
Walker & Co
Mith, Ramuay & Co
By ED Morse
Norman
Bacey & Associates
Abed
Atomic Development Pandana
Canada General
Commonwealth Investment
Eason & Mwrd Blaved
Fidelity Fund
Mundamental
Iincorforated
Mass Investors
Satidial Flock
Poneer Fund
VIS
Television Electronics
Wellington
Ches Bunding
ARET
Balpwin Pearson
Realtors
Etinen
Giles
America
Mr. Monaco
Hotel Barnum
Kodak
Old Town
Frank McGuire & Son, Inc
State Street
Bridgeport
Connecticut National Bank
Fairfield County
Savings Bank
TEL
Edison
Kew Haver
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