American News to Show Profit in First Quarter 1958
The American News Co. expects a first quarter profit around 300000 after a 1957 loss of 4910427 on sales of 100062201. Losses stemmed from exiting the wholesale magazine distribution business in May and related liquidation costs over 13 million. A contract with Kansas Turnpike Authority to run six restaurants on the expressway was announced.
MENTIONED IN THIS ARTICLE
American News
New York
Ican News Co
Henry Gar
Finkel
Gar
American News Co
Garfinkel
Kansas Turnpike Authority
American Motors Corp
Savarin restaurants to open on Kansas Turnpike April 1
Bell Aircraft details show Savarin eateries to begin operation on the Kansas Turnpike under Union News Co supervision by April 1, adding to existing outlets on New York State Thruway. Union News runs eight Savarin restaurants and six gift shops there and plans eight more on the Connecticut Turnpike this summer. Elections of Malcolm Kingsberg Dr Charles P McKhann and Donald J Singer as new directors announced.
MENTIONED IN THIS ARTICLE
Kansas Turnpike
Garlinkle
Lawrence
Kansas
Bhelow
Oklahoma Border
Oklahoma City
Malcolm Kingsberg
Charles P. McKhann
Donald J. Singer
Rail lines report mixed two month earnings
Atchison Topeka & Santa Fe Railway System posts a two month net income of 3 797 973 or 11 cents a share ending February 28 down from 6 340 239 or 33 cents in 1957. Missouri Kansas Texas Lines show a two month net of 82 522 against a 1957 loss of 519 608. Minneapolis St Paul and Sault Ste Marie reports a two month net loss of 226 483 versus 12 392 in 1957.
MENTIONED IN THIS ARTICLE
Atchison, Topeka & Santa Fe Railway System
Missouri-Kansas-Texas Lines
Minneapolis, St. Paul & Sault Ste Marie Railroad
Market declines as stocks retreat after mixed earnings
New York stocks drifted lower amid a slow turnover with many leaders slipping a fraction. Bell Aircraft and other bulk issues faced profit taking while hopes for a late rally waned as copper, aircraft and oil shares moved on mixed earnings and fading optimism.
MENTIONED IN THIS ARTICLE
New York
Aerojet General Stock Split Approved by Stockholders
Akron stockholders of Aerojet General Corp, a subsidiary of General Tire, voted to split common stock 10 for 1 and increase authorized shares to 12 million. The split takes effect upon filing the amendment with the Ohio Secretary of State. Dan Kimball, president, called Aerojet General’s 1958 outlook encouraging for years ahead.
MENTIONED IN THIS ARTICLE
Akron
Aerojet-General Corp
General Tire & Rubber Co
Ohio
Dan Kimball
Outlook
Aerojet-General
Permanent Insurance Sales Position in Stratford Conn
Advertisement seeks a man aged 25 45 with initiative mature judgment and salesmanship to join the insurance business. Complete training provided plus liberal contract and advancement. send full experience and qualifications to Derwent Thompson O Box 424 Stratford Conn for confidential consideration.
MENTIONED IN THIS ARTICLE
Derwent Thompson
Stratford
Conn
Bunker Hill Co. Omits Dividend Declaration
San Francisco March 26. Bunker Hill Co. directors omitted a declaration on common stock usually due this time. The company paid five cents in February this year. In 1957 the firm paid 36 cents in February and May and 15 cents.
MENTIONED IN THIS ARTICLE
San Francisco
Bunker Hill Co
Bunker Hill
Philco recalls 500 TV workers in Philadelphia
Philco Corp. announces about 500 television production workers will be rehired at its northeastern Philadelphia plant for the 1959 model TV sets. Most recalled workers were laid off last November or December after the 1958 models finished. Overall Philadelphia plant employment remains around 12,000, similar to a year ago.
MENTIONED IN THIS ARTICLE
Philadelphia
Philco Corp
Philco
Cigarette shipments rise in January but lag year ago
IRS reports January taxes paid on about 35.8 billion cigarettes, up from December but down slightly from January last year. December receipts reach about 26.4 billion and January a year ago near 36.0 billion, showing a rebound from December yet softer year over year.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Market Upturns and Plans From Major Firms This Spring
Raytheon reports backlog exceed ing 300 million with government contracts over 159 million this year including a Navy Sparrow missile order. Owens-Illinois to start producing high density polyethylene bottles from supplier polyethylene. Warner & Swasey notes rising machine tool orders driven by steel industry contracts. Commercial Credit to seek authorization to issue up to 15 million shares. Rampster car retail gains in late March. Treasury plans for new money clash with Wall Street over issue maturity.
MENTIONED IN THIS ARTICLE
Raytheon Mfg. Co
Raytheon
Walter K. Bailey
Warner & Swasey Co
Bailey
Treasury
Wall Street
Market Uptick Notes Various Stocks and Dividends
A listing from American Exchange shows American Maracaibo at 25 with Casco Products at 1.36 and Electric Band at 3.00. Harvey, Hubbel, Kaiser Industries, Pantepec at 2.20, Stoger 2.12, Technicolar 1.20, and Tie Roofing are recorded with small percentage shifts. Dividends noted include 81 percent.
Connecticut Issues Connecticut Industries Price Report
Connecticut Industries price report from G. Waker & Co. presents current market figures for regional products. The listing details prices and trends for assorted materials and goods sourced within Connecticut, aiding buyers and manufacturers in pricing decisions.
MENTIONED IN THIS ARTICLE
Connecticut Industries
G. 8. Walker & Co
Dividend Announcements From Diverse Companies
A compiled list shows regular quarterly dividends and payment dates for firms including Long Island Lighting Joy Manufacturing Getty Oil Lee Rubber Belmont Iron Works Cleveland Electric Illuminating Hoover Ball Hydraulic Press Brick Jack & Heintz Jewel Tea Langendof United Bakeries McLean Industries Wire & Cable Two Guys From Harrises Pittson Schenley Elevator W W Gas and Light Hecht Warner Brothers R H Macy and Co among others. Records and payment dates span April May and June with various per share amounts and classes.
MENTIONED IN THIS ARTICLE
Long Island Lighting Co
Joy Manufacturing Co
Getty Oil Co
Lee Rubber & Tire Corp
E. W. Bliss Co
Anchor Post Products Inc
Reguar
Axe-Houghton Fund
Belmont Iron Works
Cleveland Eectriclluminating Co
Daystrom Inc
Hoover Ball & Bearing Co
Hydraulic Press Brick Co
Jack & Heintz Inc
Jewel Tea Co. Inc
Langendof United Bakeries Inc
McLean Industries
Wire & Cable Corp
Reg Guar
Harrises Inc
Pittson Co
Schenley Industries Innc
Elevator Co
Ww Gas and Light Co
Hecht Co
Warner Brothers Pictures Inc
R. H. Macy and Co
Lockheed reports 1957 income and AF order push
Lockheed Aircraft Corp reports 1957 net income of 16.31 million dollars or 5.52 a share, with sales at 68.31 million. Backlog fell 20 percent to 1.28 billion. The Air Force moves toward ordering a large batch of B 58 bombers from Convair, while Missile and Navy work expand.
MENTIONED IN THIS ARTICLE
Bell Aircraft Corp
Lockheed
Republic Aviation
Boeing
General Dynamics
Air Force
National Can
Celanese
Up Te
Kern County
Imockheed
Convair
Burbank
Calif
Lockheed Aircraft Corp
Robert E. Gross
Courtlenot S. Gross
Navy
Washington, Marcheal
Convair Division
General Dynamics Corp
Air Arm
Congress
General Electric
Lehigh Valley Road Omits Bond Interest
Lehigh Valley Railroad Co. announced that contingent interest due May 1 on general consolidated mortgage bonds series D E and F would not be paid. Interest was not earned in 1957 due to a sharp business decline and cash depletion from storms and tax litigation.
MENTIONED IN THIS ARTICLE
New York
Lehigh Valley Railroad Co
General Consolidated Mortgage
New Jersey
Compromise Halts New Penn-Texas War
The Penn-Texas Corp board reached a year long compromise likely to last through the May 5 annual meeting. The pact reshuffles directors and creates a new finance committee while limiting Leopold Dias Silberstein's influence and giving dissidents greater representation and management authority.
MENTIONED IN THIS ARTICLE
New York
Penn-Texas Corp Board of Directors
Penn-Texas
Rive
Leopold Dias Silberstein
Penn- Texas
Anacon Lead Mines Reinstates Trading Rights
The American Stock Exchange will restore Anacon Lead Mines Ltd stock to trading at 11 a.m. tomorrow after a suspension on February 25. The exchange credited management's cooperation with an SEC inquiry into rumors traced to a registered investment adviser, which the SEC charges with fraud and deceit.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
Anacon Lead Mines Ltd
Exchange
SEC
N.Y
Anacon
Also Mentioned on This Page
BELL
Santa FE
Toan F. Daces & Associat
Combustion Engineering Inc
FeCoTa
Anheuser-Busch Inc
Central Soya Co
Awin
West Penn Power Co
Kansas City Power & Light Co
Southern Indiana Gas & Elec
Tan Atomic Development Fund
Canada General Fund
Commonwich Income Fund
Incorporated Investors
Mace Arte Gtinp
Sihons
Sevier
Pioneer
Eagle-Pitcher
Amphenol Electronics Corp
Continental Air Lines Inc
U.S
Eisenhower
Hat
Camaraavl
SUEAA
Hopehat
Associated Press
Lorillard Active
Lorillard
American Motors
Martin
American Telephone
Magma
Phelps Dodgs
Kennecotte
Anaconda
Anaconda Wire & Cable
Ilinois Central
Royal Dutch
Philip Mar Tis
Lukens Steel
Chrysler
Gulf Oil
Union Car
Allied Chemical
International Nickel
Ar‘Kansas Fuel Oil
Diners’ Club
Kaiser Industries
Creole Petroleum
Thiokol
Fairchild Camera
Local Industries
From &. M. Kinder @ Co. inc
Abbott EL
Monier
Mont Ward
Alley Law
Nat
AIM
Ab Ve
Alcoa
BB Amerada
Am Airlin
Bosch
Central
Tory
NH & Hart
Am & F Pw
Fe Am Gas
Nia M Pwr
Am M&fdy
North West
Tel & Tel
Olin
Oliver
Pac G & el
Ub Armour & Co
Pfizer
Ta ‘Alchisan
Atl Cst Ling
Phelps Db
Avco
Avco Smfg
Philco Ane
Philly Mora
Lima
Phill Pet
Balt & Oh
Bendix
Prict &G
Benguet
Beth Stee
Ie Publick Ind
Barden
Bore Warn
Raytheon Oes
Briggs Mit
Ye Vo
Budd Co
la ” Ie Rapub Ayrene
Ay Bullard A Fans
Ray
Repub
Rex Drey
Burl Ind
Reyn
Burroughs
Cda Pac
St. L
San F
Apt
Ches & Oh
CHM Spa&pac
Sears Roeb Ib
Shell Okay
Southern Co
Colo F & Ir
Sperry
Colum Gas
Spiegellan
Colden Pet
Curtiss
Tex Ina
Drese Ind
Az Ida Font
Gay
Trent Cen
Junit Aire
United Cp
Praia A
Firestone
UN Gar Cp
Rat Vanad Cs
Gen Motors
Caro Ch . Yay
Gillette
Penn Eli
Goodrich
West UN Tel
Pan Goodyear
Wesig
Grace
Wilson d& Cn
Greyhound
Weelworth
Oram
Worthington
Sh & T
Jo Val
Seer
Heyden
Za Homiewk
Kern
Lehigh
Hese Hk
Ashy Barras
Cary Macke
Martin Co
Aetna Insurance
Aetna Life QI
RGY
Amer Fid
Conn Gen Life
Rainford Fire Two
National Fire
Peerless Losur
Travelers
Asi
Bridgeport
Ry Bullard Company
Cason
Harvey Hubbes
McKesson & BeStatey
Ras Bering Inc Regon Arms
Vl Tin Rats
Underwond Corp
Joy! T United Atreratt
Amel Bet Gas
Roy
Au Okers Trust
Chae Manhala
Hous Pub &Re
Lo S
Haven
Hanover
Inme Trust
Ylex East
Anne
Wem Mass Co
Amith
Ramsay & Co
Aerojet
Norman
Edison
United Loan Corp
Fairfield Avenue
Fairfeld & Va
Unica
Dow Jones
Rails Pataeeeee
Pete Neese
Eeeseee
Sopot Ader
Eee
Perea
Beens
Industriais Teen
Es Ebatreees
Raytheon Pee Tee Wane
Bowen dl
Ewe Aulee
BK Unch
Martin Coloate
Market Comment
Owens-Illinois Glass
Owens-Illinois Glass Co
Owens-Illinois
Warner & Swasey
Rambler Sales
Treasury Financing
American Exchange
A. Tdder & Co. Inc
Connecticut
Artowtirt
Athe Asagclatd Ae
Burndy Am
Cuno Eng
Pone
Dictaphone Corp
Stk
Emhart
Fafir Bearing
Fatewt
Birmingham
Handy Harman
Kertte
Landers
Frary Cisck
Marlin Rockwell Ty
Safer Industries
Stanley Work
Torrington Co
Veeder Root
General Electric Co
Lehigh Valley Road
Ana Ne
Cen Oe
America
Mr. Menace
Frank Carley Hunt
Sae Street
Brideesen Eort
Bridgeport Hydraulic
Chas. W.scranton&co
New York Stock
John ST
Tel. ED
Westport
Norwalk
Enterprise
Norman 2
Seyner
Archer C. Jennings Investments
New Haven
Cameo Parking
John Street
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