Market Off $2.4 Billion in Sharp One-Day Decline
New York May 14 AP The stock market posted its steepest drop of 1958 as profit taking and bad abroad and domestic news spurred a broad decline. The Dow fell to 435.45, the AP 60 average down 31.90, and total volume reached 3.06 million shares. Studebaker Packard and American Motors led activity with notable moves among blue chips and lower priced shares.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Associated Press
American Motors
Middle East
Africa
South America
Wall Street
Dow-Jones
Caterpillar reports 12 month earnings drop on weak sales
Caterpillar Tractor Co reports a 12 month net income of 28.6 million or 3.07 a share on about 9.01 million shares, down from 58.37 million or 6.40 a share on 8.97 million shares. Sales fell to 590.7 million from 709.8 million. First quarter earnings equal 35 cents a share vs 1.66 a year ago. Gerber Products Co posts annual net of 7.45 million or 3.51 a share with sales rising to 118.0 million from 108.1 million.
MENTIONED IN THIS ARTICLE
Caterpillar Tractor Co
Caterpillar ‘Tractor
Gerber Products Co
Mugle
Admira Ae
Aft
Redne
Jones AL
Kater
Sen
Alva Prod
Ale Lid
Kenneditt
Allied Ch
Kemne Ld Ta
Lehigh C&n
Canadian Canners Ltd
Allied
Alum Ltd
Loew's
Bosch
Lone & Gas
Grocery Store Products Co
Aran
Am & F
Tr Marine Bild
Am Motors
Stone Container Corp
al ' Ie
Ara Tel & Tel
Shield Bantam Co
Anstenda
Western Air Lines Inc
March Armour & Co
Mont Ward
Motorola
Dalry
I Midland Olt Corp
Ad Belin Og
Ayep Mir
Bald Lima
Brown & Bigelow
NY Central Ve
Bendix
Cy & SL
Benguet
Beth Meritree
NM & Hart
Island Creek Coal Co
March
Pee
Erie
Nort & Wet
Borg Warm
Briggs
Budd Co
Obie Kats
Eeart Seaboard Finance Co
Bullard
Hears
Burt Ind
Burroughs
Olin
Camph Boup
Oliver Co .de
Ycan Bry
Pac Q& el
Saramasay & Ca
Cater Trac
Atted Celaneseene
City ‘Trust
Pilzer Vata
We Vt
Bankers ‘Trust Qi
Bank of KY
Ve OM
Phila Kl
Chea & Oh
Savy
Puifea Ea Oy
Phillis Mor
Empire
Guaranty ‘Trust
Waywae
Cora Cola
A Publick Ind
Qi Living Trust
Cola Fo & Ir
Pullman Sa
Frost
NY ‘Trust
Columbas
Vr Va Raythean
Repub
If Kidder & Co
Reyn Malisu
Bridgeport Brass
Botard Company Pas
Roby Alte
Il Ie
Cosden Fei
Crane Company Wee
Crane Ce
Baleway &T
Harvey Rubbell Tae
United Aircraft Én
Dore Bim
Wat
Sinclair
En Mutual
Doug Airc
Norman F
Dacey & i
du Pont
Bouthem
Dia
East Air
On Atomic Development Fund
Yes
Canada General Fund
el & Mus
Commonwith Income Fund
Elle Brae
Cal
Commonwealth Investment
Faston & Hard
nzgy \Eilestone
Videlity Fund
Ats Y Ag
Fendamental Investors
Sheee
Tay Incorporated Investors
Anh Saulf Co
Pubut
Television-Electronics Fund
Gillette
Tex
Wellington Fund
Eis Mae
Uoddrieh
Tex Q
Goodyear
Grace
Tex Pc&o
Greyhound
Textron
Guil
Kiel
Reva Care
Pena
Westworth
Worthington
Menith Raq
Pacific Gas & Electric Co
American & Foreign Power Co. Inc
West Pens Power Co
Kansas Gas & Electric Co
Connecticut Dividends Reported by Connecticut Industries
Prices tum at G. H. Walker & Co. dividends issued by Connecticut Industries. Market movements noted in CT financial columns with price changes and company names.
MENTIONED IN THIS ARTICLE
Connecticut Industries
G. H. Walker & Co
Public Utility Stocks From Smith Berminy Co List
A compiled list of public utility stocks with quarterly dividends and payment dates. Entries include Melloo National Bank and Trust Co United Corp Colonial Stores Newport Electric Co Hershey Chocolate Co Great Western Financial Co Huttig Sash & Door Co A. E. Staley Mig Co Standard Accident Insurance West Chemical Products Continental Oil Brown & Bigelow Solar Aircraft Louis Allis American Electronics Angostura Wupperman Citizens Utilities Claussner Hosiery Delaware Fund Famous Players Canadian M. Lowenstein Foods Machinery Bestwall Bestwall Gypsum First National Stores Homestake Mining with respective quarter dates and record dates.
MENTIONED IN THIS ARTICLE
Melloo National Bank and Trust, Co
U.S. Rebber Co
United Corp
Colonial Stores Inc
Newport Electric Corp
Broad Street Trust Co
A. E. Staley Mig, Co
Standard Accident Insurance Co
West Chemical Products, Inc
Continental Oil Co
Brown’ & Bigelow
Solar Aircraft Co
Louis Allis Co
American Electronics Inc
Angostura-Wupperman = Corp
Citizens Utilities Co
Claussner Hosiery Co
Delaware Fund
Famous Players Canadian Corp
M. Lowenstein & Sons Inc
Food Machinery & Chemical’ Corp
American Exchange C From A&M Ridder & Co
A fragmented ledger item mentions American Exchange C from A M Ridder and Co with references to products and bonds, including Casco and Maragalbo, and terms like bite, battery, and aircraft.
MENTIONED IN THIS ARTICLE
American Exchange C
A&m Ridder & Co, Inc
Eau Ste
Getty-Ol Swap Registration Becomes Effective
The registration statement for Getty QOH Co shares to be issued for Mission Development Co stock has become effective. The exchange offer begins May 15 and ends June 25, with possible extension. The exchange ratio is five Getty common shares for six Mission Development shares.
MENTIONED IN THIS ARTICLE
New York
Getty Qoh Co
Mission Development Co
Getty Oj
Getty Common
Mission Development
Chicago pork prices at three year high
Chicago wholesale pork prices reach their highest since June 1955. Fresh loins up 9 to 10 dollars per hundredweight, lightweight loins $56 to $59 per hundred pounds, and top butcher hog price $24.50 per hundred pounds. Hog prices have risen for 11 consecutive trading days, with May 1-to-date gains of about 3 dollars per hundred pounds.
MENTIONED IN THIS ARTICLE
Chicago
Owens-Illinois files debut public offering of debentures
Owens-Illinois Glass Co filed a registration with the SEC in Washington for a 50 million dollar sinking fund debentures offering due June 1 1988. Lazard Freres Co and Goldman Sachs Co lead the underwriting with terms to be fixed before sale. Proceeds will retire National Container Corp debt, retire short term borrowings, and add to working capital.
MENTIONED IN THIS ARTICLE
Toledo
Owens-Illinois Glass Co
SEC
Washington
Lazard Freres & Co
Goldman, Sachs & Co
National Container Corp
Owens-Illinois
Republic Steel Expects Upturn in Fourth Quarter
FLEMINGTON New Jersey May day Charles M White chairman of Republic Steel Corp told the annual meeting that a boost in steel production is indicated for the fourth quarter due to inventory improvements and normal seasonal patterns. He noted first quarter earnings were 55 cents a share after cost cuts and stronger sales, with a regular dividend declared.
MENTIONED IN THIS ARTICLE
Flemington
N. J
Charles
M.white
Republic’Steel Corp
White
Republic Steel
Southern Pacific Sees Long-Term Growth From Industrial Expansion
Southern Pacific Co. reports no near-term pickup but expects benefits from regional industrial growth. Chairman Donald J. Russell cites $2.0 million spent last year and $0.825 million in Q1 on property to back future growth, with plans to acquire about 2,449 freight cars costing $30 million in H1. International Paper Co. posts Q1 earnings of $16.16 million on $219.40 million sales, sees lower 1958 volumes and profits, yet potential year-end volume uptick.
MENTIONED IN THIS ARTICLE
New York
Southern Pacific Co
Donald J.11 Russell
Southern Pacific
Russell
Electric output and Brazil wheat forecast errors
Electric energy distributed by the electric light and power industry in the week ended May 10 was 111.915 billion kilowatts, up from 11.311 billion for 1957, according to the Edison Electric Institute. Brazil's wheat crop failed to meet earlier forecasts due to rains and disease.
MENTIONED IN THIS ARTICLE
New York
Electric Light and Power Industry
Edison Electric Institute
Brazil
Also Mentioned on This Page
Long View
Studebaker-Packard
Electrical & Musical Industries
Chrysler
Dow Jones
Igle
Ts Ns
Lgl
Inlwads
Chenges
Alber
Studebr Packard Co Veteeveree
Amer Aletors
Weis Inds
Weis Inds Aloebte 1% Unch 43.40 Fairchild Eng
Royal Dutch
Gerber
Connecticut
Heinay
Dictaphone Corp
Este Rimhart
Fafnir Bearing
Farrel Airmingham KY
Handy Harman
Keriie
Landers Frary CIA
Marlin Rockwell
New Briain Machine
North Judd
Peter Paul
Tebe
Plume Atwood Oe
Safely Industries
Blaney Works
Torrington Co
Veeder Root Aeney
Priens
Smith, Berminy & Co
Bestwall Gypsum Co
First National Stores Inc
Homestake Mining Co
Saspid
Catri Maine
Catri Vi Pub Syer
Hud Gas
Houg
New Haven
South NE
Tex East Trang
Tex Gas Trans
Transcat Gas
United Bhanks
A Weal Mass Co
Eat
Cihled
State Street
Westbrook & Smith
Bridgeport
Conan
Edivon
Franklin
Wat A
Ite
Eee | Simmons
Thayer
Thayer Crib
GETTY
Emith, Famsey & Co
Aetna Insurance
Conn Gen Life Qi
Hartford Fire
Rone Insurance
National Fire
Pacific G & E
International Paper Co
John H. Hinman
R. C. Doane
Mr. Hinman
The
One William Street Fund, Inc
Lehman Brothers
Pyar
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!