Wall Street Prices Down as Rail Shares Sink
On November 19 1957 rail shares fell to new lows on the New York Stock Exchange while the broader market declined. A late rally followed a Federal Reserve report hinting at further credit easing after the prior rate cut, with the Associated Press average down and volume modest.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Pacific Coast
New York Stock Exchange
New York Federal Reserve Bank
Baltimore and Ohio
Pennsylvania Railroad
Wall
Allen Industries
Standard Oil
New Jersey
Bethlehem Steel
Jost
Aluminium Ltd
Denver and
Rio Grande
Santa Fe
New York Central
Southern Railway
Chesapeake and Ohio
Atlantic Coast Line
Gulf Oil
Union Carbide
Anaconda
Republic Steel
Eastman Kodak
Chrysler Rose
Lukens’ Steel
General Dynamics
American Dyanamids
Allied Chemical
American Stock Exchange
Woodley Petroleum
Pacific Petroleum
Creole Petroleum
Stroock
Humble Oil
U. S
Federal Reserve
Bank stocks forecast stronger fourth quarter profits
Mr Norberg predicted continued improvement for the fourth quarter with sales and earnings for the year higher than 1956. Prices are cited from Smith Ramsay & Co for banks and insurance stocks with bids and asks listed.
MENTIONED IN THIS ARTICLE
Smith, Ramsay & Co
Norberg
Florida P L Offering and several corporate shares details
Florida P L offers common stock at 45 cents per share with a December 12 payment and November 29 record. Pittsburgh Forgings Co declares a quarterly 30 cent dividend and a 2 percent stock dividend with a November 29 record. Dover Corp and Ohio Edison Co issue regular quarterly dividends with December payment dates. Cosden Petroleum Corp sets a 25 cent quarterly dividend payable January 6 with December 16 record. Weyenberg Shoe Mfg Co lists common stock with a December 18 payment and December record.
MENTIONED IN THIS ARTICLE
Pittsburgh Forgings Co
Dover Corp
Cosden Petroleum Corp
Weyenberg Shoe Mig. Co
Dividend notices from varied firms including Imperial Tobacco and Morris Plan Co
Dividend disclosures show regular quarterly or annual cash dividends, plus occasional stock or extra cash distributions. Notable entries include Imperial Tobacco Co of Canada Ltd regular 12 1/2 cent common dividend with Dec 31 payment and Morris Plan Co of California extra 20 cent alongside 45 cent regular, payable Dec 14 with record Dec 2.
MENTIONED IN THIS ARTICLE
Central Foundry Cot
Jatt Co
Imperial Tobacco Co. of Canada, Ltd
Morris Plan Co
California
Rhoda Pump Co
Chicago River & Machine Co
Shepard-Niles Crane
Ad Sicks Breweries Ltd
Corp
Meredith Publishing Co
Record Dividend Declarations From Major Firms
Eastman Kodak boosts the quarterly dividend to 68 cents with a 25 cent extra, payable Jan 2 to record Dec 5. Republic Steel pays 75 cents quarterly on common stock, Dec 20 to record Nov 27. Creole Petroleum declares 1 dollar common, 30 cent special, with payments and past totals noted. Warner-Lambert and other firms announce regular quarters and stock dividends, while some cut or omit dividends amid unsettled conditions.
MENTIONED IN THIS ARTICLE
Eastinah Kodak Co
Kodak
Republc Steel Corp
Creole Petroleem Corp
Creole
Royal McBee Says Downtre nd Reversed
Royal McBee Corp chair Allan A. Ryan reported at the annual meeting that the company reversed its downtrend. For the first two months of fiscal 1958 earnings were 34 cents a share, up from 15 cents in the prior quarter, but below 57 cents earned in the first two months of the prior year. profit rose to $633,000 from $310,000 but remained below last year’s level. Stockholders approved a stock option plan and authorized $7.7 million in convertible debentures. Authorized common shares were raised to 3 million from 2 million.
MENTIONED IN THIS ARTICLE
New York
Royal McBee Corp
Allan A. Ryan
Board of Directors
Nickel Plate announces 10 month net and dividends
New York November 19 Nickel Plate Road declared a 10 month net income of 12 474 and a 3 03 per share. The company also announced quarterly dividends of 40 cents and a 40 cent extra to be paid December 20 to record November 29. A usual quarterly dividend of 50 cents was announced for January 2 to record November 29. The report shows earnings and dividend actions against 1956 figures and notes stock splits and debt details.
MENTIONED IN THIS ARTICLE
Fay
Verenee
LOLS
Philadelphia
Racerteogyebostinta Gts
Seaevenseeeegeersetertser
Cial
PEN Eda Ee Eeeeee Peereeterdses
Ray-O-Vac Co
Setesseneesener Beereeteweess
Ray-O-Vac
Earl Income Rails Revererees Teveeeeenens
Ier
Madison
Wis
Ealt & Ohio
Eaenee
Penn RR
Comwest Renapnetageesesene Arereeress
Santa Fe
C.F. Norberg
Abbott L
Admiral Eeeee Ah
Monte Oil
Air Reduc
Mont Ward 2A
Alco
Allee L
Motorola
Compar- Allied
Alum Ltd
Nat
Alcon
Nat Supply
Amerada
Airlin
Bosch
NY Central
NH & Hart
Am & F Pw
Am Gas & el
Am M & Fdy
North West
Am. Motors
Norgia Pw
Uh VA
Ohio
Atomic Development Fund
Tel & Te
Commonwealth Investment
Olin
Oliver Co
IMIN
INUY
Eaton & Hard
Pac G & el
Niagara Mohawk Power Corp
Incorporated Investors
Anaconda
Mass
Investors Trust
Armco Sil
Merrill Lynch
Pierce Regguar
Armour & Co
Pw & Lt
Aly
Ts A
Peabody and Co
Kelsey-Hayes Co
Usua
Pioneer Fund
Atchison
Pfizer
Wellington Fund
Atl Cat Line
Phelps D Ga
Florida
al Bella
Phila Hl
Power and Light Co
Phileavee A
Bald Lima
Philip Moree
AMV
Phill Pet
Balt
Boeing Air 1B
Fullman
Borden Ise
Acme
Borg Warn
Arrow-Hart Hegeman
Ab Igre Mf Sane
Burroughs
Nwa Reyn Mel
Fafnir Bi
Rohr Aire
Farrel Birmingham
Royal Duttees
Ches & Ohi
Sears Roeb
Peter Paul
Ap&pac
Shell Oil
Plume Atwood
Chrysler
Sinclair
Safety Industries
Cit Finan
Socony
Cola F & Ir
Spiegel
Col Gas
Bpt
Std
Apt Gas
Sunray
Cosden Pet
Ewitt & Co. 2A
Crane Co
Curtis Pub
Texas Co
New Haven
Decca
Tyes
Tex Ins
South NE
Ealaw Ye
Tex P C&o
Tenn Gas Trans
Tex East Transant
Bray Tex PG
Dome
VW Who
Textron
United Mum
Doug Alrc
Tidewat
West Mass Co Qi
Dow Chem
East Air L
el & Mus
Ar Lin
Emer
Unit
Aire
Toa Az
Vanad Cp
West UN Tel
Goodrich
SBI Wests A Bk
Goodyear
Wai Westy el
Grace & Co
Wilson & Co
Gt No Ry
Woolworth
Vv Greyhound
Grum Airc
Worthington
Guil Mob &O Za
Ynest S&t
Oult
Zenith Radia
Heyden
Homestic
S& P
Howe Snd
Sd NW
City Trust
Bankers Trust QI
Bank of NY
Tol & Teél
Johns Man
Jones & L
Empire
Kaiser al
City Bk
Kennecott da
Guaranty Trust
Kern
Hanover
Irving Trust
Lehigh C&nye
Mera Trust
NY ‘Trust
US “Trust
Ligg & Aly
Loew's
Lone & Gat
Lorillard
Aetna Insurance
Amer Fid
Merck Ja
Conn Gen Life
Hartford Fire
Natco Corp
Thompson Products Inc
Driver-Harris Co
Tennessee Corp
New York, Chicago & St. Lois
Railroad Today
Nickel Plate
Connecticut Issues Connecticut Industries Prices from Walker Co
A brief market note lists Connecticut Industries prices as issued by G. H. Walker & Co for daily reference. The bulletin highlights current price levels and changes, reflecting regional industry activity.
MENTIONED IN THIS ARTICLE
Connecticut Industries
G. H. Walker & Co
Cyanamid increases dividend and pays special
American Cyanamid Co declares a quarterly dividend of cents on common and a special of 7 1-2 cents, payable Dec. 20 to record Dec. 2. The firm, which split its stock two for one in July, had paid 37 1-2 cents in prior quarters totaling $1.60 this year on the present share basis.
MENTIONED IN THIS ARTICLE
Warner-Lambert Pharmaceut Él Co
Cyanamid
New York
American Cyanamid Co
Also Mentioned on This Page
Wall Street
Rails
By ED Morse
Baldwin Pearson
S Realtors
State Street
Edison
Wellington
Walter L. Morgan
Connecticut
Chas. W. Scranton & Co
John Street
Bridgeport, Conn
Conn
Light and Power Common Stock
Epteetans
CAMEO
Cuas. W.scranton & Co
John ST
Bridgeport
Westport
Norwalk
Enterprise
Norman J. Gaynor
Arthur C. Jennings
Norman F. Dacey & Associates
Dow Jones
Florida P & L
Ohio Edison Cot
Jcommon
Seeman Bros. Inc
Beau Brummell
Reguar
Consolidated Coppermines Corp
Penn-Dikie Cement Corp
Aerogquip Corp
Eastern Stainless Steel Corp
Emery Air Freight Corp
Ieastman Kodak
Leeiy
Warner-Lambert
Duquesne Light Co
Frank
S.” Shattwell Co
Servo Corp
America
B. F. Goodrich Co
Continental Steel Corp
Royal McBee
Pat Mok Co
LTS Doors Las Lolls
Pet Musk
Sirians
Lehman Brothers
Halsey, Stuart & Co. Inc
Goldman, Sachs & Co
C.J. Devine & Co
Hemphill, Noyes & Co. Lazard Freres & R. W. Pressprich & Co
Bear, Stearns & Co
Blair & Co. Incorporated
Stone & Webster Securities Corporation
Salomon Bros
A. G. Becker & Co
Braun, Bosworth & Lecorporated Incorporated
Hallgarten & Co
Tra Haupt & Co
Reynolds & Co
Putnam & Co
Hartford American Securities Corporation Baché
C. Bradford & Co
Dick & Mefle-S
W. E. Hutton & Co
Shearson, Hammill & Co
Alyth & Co, Inc
State OF
Greenwich-Killingly
Genecil
Media Ny
Unis
Seare
Storey Dele Delafield
Wood
N. Y
Palmer
Dodge
al Bown
Bond
Inlyrer Permarton Enen Dewey
Ballantine, Bushby, Palmer , Wood
X. T
Wade
Sneama
Taring Chewler
Kidder, Peabody & Co
van Dillon
Union Securitie
Pierce
A. M. Kidder & Co
She
L. B. Rothschild & Co
van Aldyne, Noel & Co
Finest Booten Corporation
Harriman Ripley & Co
Equitable Securities Con R& Beane FS
Moseley Inc
Whine, Weld & Co
Horrblowee & Weeks
Paine
Walker & Co, Wood, Seroth
Bure Conley & Co
Ladenburg, Thalmann
Chas. W. Scransin & Co
Barr Brothers & Co
Francis
duPont & Co
Moodie
Weeden & Co
Glere
Forgan & Ca
Phelps, Fenn & Ca
Allyn and Company
Ibet, Jackson & Custis
Dean Witter
Michigan Corporation
John Nuveen & Co
Spencer Trask & Ca
Oma Blair & Company
Setick, Seffiven & Ca
Roteevelt & Cros
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