Court Won’t Prohibit U S Sale of Aniline Stock
The International Court refused to bar the United States from selling General Aniline and Film Corp stock if Washington chooses to do so. Switzerland asked the Hague court to halt U S sales until a Swiss suit on ownership is decided. The U S Supreme Court will hear whether International’s claims should have been dismissed, with a decision awaited next fall.
MENTIONED IN THIS ARTICLE
Washington
State Department
International Court
U. S
Film Corp
Switzerland
the Hague
U.S
International
U. S. Supreme Court
Supreme Court
Dividends Declared by Numerous Corporations This Quarter
A wide list of companies declares regular quarterly dividends and stock splits or extras with payment dates mainly in December and record dates in November or early December. Notable names include Allied Laboratories, National Acme, Bayuk Cigars, American Potash and Chemical, and Rexall Drug, among others.
Market Barometer Teeters as Du Pont Stock Dividends Weigh
In New York and Chicago trading, government plans to distribute GM stock to du Pont holdings stir market moves. The Supreme Court ruling on du Pont control sparked discussions of a 2 percent stock dividend and a 10 year transfer plan. Key securities show mixed losses with select gains amid volume declines.
MENTIONED IN THIS ARTICLE
Wall Street
Chicago
Delaware Realty
New York
Delaware
Texas.Co
du Pont
Geterpater
Ceee Eee
Christiana
Waa
Public Utilities
uti-Trust
ED Morse WO Industrials
Government
U. S. Supreme Court
General Motors
Sipec
Penn Texas
Oecc
Alumni Ltd
Stock Prices Rise and Dividends Ahead in 1957 Outlook
New York stock prices show a 172 10 percent rise for the three months ending September 30 1957. The government backs a three group plan and toy shares are offered to outside buyers. Du Pont holds GM stock transferred to trustees. 153 000 Du Hunt Foods holders are due Nov 29 with record Nov 15. Kerite pays Dec 13 with record Nov 29. Universal Winding pays Dec 4 with record Nov 15. Wilson Jones pays Nov 29 with record Nov 6.
MENTIONED IN THIS ARTICLE
Hunt Foods and Industries Inc
Kerite Co
Universal Winding Co
Wilson-Jones Co. Inc
Southern Pacific nine month results and peers report
Southern Pacific Transporta tion System and affiliates posted a nine months net income of 40 419 116 dollars or 4 47 a share versus 42 633 167 dollars or 4 713 share in 1956. Excluding tax deferments for accelerated amortization earnings were 29 774 321 dollars or 3 29 a share versus 31 408 344 dollars or 3 47 a share in 1956. Missouri Pacific Railroad reported 3 371 350 dollars versus 4 514 993. Texas and Pacific Railroad earned 135 373 dollars or 7 34 a share versus 6 416 816 dollars or 11 69 a share. Hudson and Manhattan Railroad showed an eight month loss of 1 534 797 dollars against 948 774. Chicago Milwaukee St Paul and Pacific Railroad posted a nine month net of 4 529 358 versus 3 274 000.
MENTIONED IN THIS ARTICLE
Southern Pacific ‘Transportation System
Missouri
Pacific Railroad
Texas & Pacific Railroad
Hudson & Manhattan Railroad
Chicago, Milwaukee, St. Paul &Pacific Railroad
Allied Lab Declares 10 Percent Stock Dividend
Allied Laboratories Inc announces a 10 per cent stock dividend payable December 30 to shareholders of record December 6 along with a quarterly cash dividend of 25 cents payable December 27 to record December 6. The year's total pays $1.20 in cash plus the 10 per cent stock, up from $1.10 cash and 5 per cent stock in 1956 on the current share base.
MENTIONED IN THIS ARTICLE
Rockwell Spring & Axel Co
Allied Laboratories, Inc
Aetna - Standard Engineering Co
Comcom
Murray Corp. of America
L. A. Young Spring & Wire Corp
Public Service Co. of
Indiana
Sterling Aluminum Products Inc
Thew Shovel Co
Laclede Steel Co
Gotham Mrg Co
St. Croix Paper Co
Statler Hotels
Delaware Corps
van Raalte Co. Inc
Peoples Drug Store, Inc
National Acme Co
Navy
National Acme
Bayuk Cigars Inc
American & Foreign Power Co
Rexall Drug Co
American Potash& Chemical Corp
American Pulley Cos
Carpenter, Paper Co
Copeland Refrigeration, Corp
G. & W. H. Carson Inc
Pepperell Mig. Co
Detroit, Steel Corp
Eaton Mfg. Co
New York
Electric Auto-Lite in Sharp Profit Rise
U.S. department store sales were unchanged last week from the same period in 1956. Six Federal Reserve districts showed lagging volume, with Dallas down three percent, reflecting mixed early autumn demand.
MENTIONED IN THIS ARTICLE
New York
U.S
Federal Reserve
Dallas
Connecticut Issues CONNECTICUT INDUSTRIES Pricea
Connecticut Industries reveals price data from G. E H. Walker & Co., detailing market factors and production costs. Analysts note shifts in supply chains and potential implications for regional manufacturing activity and pricing strategies.
MENTIONED IN THIS ARTICLE
Connecticut Industries
Pricea
G. E H. Walker & Co
Public Utility Stocks Mixed In Damages Case Notes
The article discusses public utility stock prices from Smith Ramsay and Co and outlines the court dispute involving du Pont entities over stock distributions and dividends. It details proposed terms, extensions, and court approval timelines affecting common stockholders and Christiana Delaware Realty.
MENTIONED IN THIS ARTICLE
Smith, Ramsay & Co
Christiana
Utses Corporation
Dell
Thejaware Realty
duPont
Delaware Realty Company
AG Ttn
Tan Man
Nine Month Earnings Across Major Firms Reported
Pittsburgh Plate Glass and other companies posted nine month nets with per share comparisons. Notable figures include Pittsburgh Plate Glass earning 612,000 at 441 cents per share versus prior period 42,793,551 or 4.32 a share. Other firms listed include Union Bag Camp Paper Corp Sylvania Electric Products Co National Supply Co Budd Co and more with varied gains and per share payments.
MENTIONED IN THIS ARTICLE
Pittsburgh Plate Glaga Co
National Cash Register Co
Union Bag-Camp Paper Corp
Sylvania Electric Products Inc
National Supply Co
Dhara
Wall Street Roundup Skews Mixed Despite Fed Signals
New York traders noted the Federal Reserve acted as a Treasury bill seller last week, suggesting no immediate easing. Smith Corona posted a 76 percent earnings jump on 26 percent sales growth, while American Smelting may trim Q3 earnings to 70 cents from 1.39 a year earlier. Hemphill Noyes data points toward year end tax moves and portfolio shifts. Williams Brothers prep for stock sale faced doubts yet sold out. Philadelphia Electric expects continued Delaware River Valley expansion with per share net around 2.60 this year versus 2.48 last year on fewer shares. Market sentiment sees limited near term gains after a swift rebound and possible profit taking.
MENTIONED IN THIS ARTICLE
Nat
Neg Lsu
Amed
NY Central
KY Ch&sl
Alus
Nh&hart
Alum Ltd
O Bosch
Nor Pac
LeTourneau Inc
Ohio
Cyan
Massey-Harris-Ferguson Ltd
Money Am Gas&El
Oliver Co
Am Motors
Pan AW Air
Federal Reserve
Motor Wheel Corp
Fit
Pfizer
Ogilvie Flour Mills Co
Visense
Phelps D
Philco Ae ‘ Oe
Quaker State Oil Refining Co
Thiokol
Avco
Mit
Pullman
Reytheon
Ford
Repub
reYe Ilar
Berdix
Bethel Ani
Resn
Associated Press
U. S
Budice
Bullard
San Fo
Amu
Schenley
Zadn Pac
Roek
Ralease
Yar Shell
Ear Ag
Ilanciaiz
Ceonkestv
Northwest A Airlines
Connecticut Dept. of Agriculture
Cartheeday & Southern Co
Connecticut
Chrysler
Sperry Ra
Uy Spiegel
Asa A Eges
Bethlehem Cola Félr
Steel
Pra A . Nen
Aus Tan War J . & Tay
North Ameri Cal Gas
Slauft Ch
Sunray
Texas CO
Aten
OM Agab
Coeden Pet
Anticipat Crane Co
Coris Pub
Tidenst
Curtiss Wr
Decca Rec
Peppers
Domedlin
Doug Aire
UN Pac
Dow Chem
Spin- Lackawanna Railroad
Ind
Igy Font
Kennecott
UN Gas Co
Acorn
East Air Bloe
el & Mus
Lukens Steel
Fairch & Ye
Firestone
Vay
Penn
Pynam
Wilson & Co
Woolworth
Gen Motors Pry
Worthington
Ag Ao
Sh&t
Petroleum
Pacific Petroleum
Goodrich
Woodley Petroleum
Goodyear
Cc & Co
Tetroleum
Mesabi Iron
Gult Mob&o
Acme
Long Island
Arrow-Hart Hegeman
Maine
Heyden
Homestic
Ye Commonwealth Invest
Howe &Nd
Sgestk
Baton & How, Bal. Fund
Dictaphone Corp
Inland Gu Ae
Fundamental
Incorporated Investors
Emhart Aecnceneen
Hary
Nags, Investors Trust
Farrel Birmingham
Wit
Handy Harman
My City, Trust
Pioneer’ Fund
Landers
Frary Clark
Conn
Jones & L
AB As Wellsation Fund
Marin Rockwell
Bankers Trust QI
Cray Kaiser AE
New Britain
Bank of NY
Peter Paul
Cen
ASI Kem C LA Za
Aetna Dngurance
Guaranty Trust
Ag Goys
LOF Glass
Stanley Works
Ag Hanover
Torrington Co
Linti& My
Irving Trust
Loew's
Mariford
NY Trust
Lorillard
Mack Tric
Marine Mid
Martin Co
Mengel
American Exchange
Merck Jane
A. ¥. Kinkder & Co
American Chatr
Ash Merr Ch&s
Bridgeport Mrasa
Ah Middle & Ut
Bullard Company
Maracaibo
Capco
Harvey Hubbell
Monson Chile
Mont D Ui L
Harvey Hebbell
Ay Monter
Kalner Industries
McKesson Robbins
Mont Ward
Pantepec Sper
Underwood. Corp
Dalry
Rocine
United Aircraft Products
United Aircraft
New York
Wall Street
Treasury
Smith Corona
Hemphill, Noyes & Co
Harold Clayton
Williams Brothers Co
Philadelphia Electric
Delaware ‘River Valley
Ackawanna Omits Action On Dividend
Delaware, Lackawanna & Western Railroad directors took no action on the common stock dividend due at this time. The line paid 12 1 2 cents a share in June and September and 37 1 2 cents in March. In 1956 the railroad posted a net gain from one payment, a stock dividend, and a loss after taxes.
MENTIONED IN THIS ARTICLE
New York
Delaware, Lackawanna & Western
Lackawanna
Webcor Inc
N. Y
Chicago
St. Louis
Delaware & Lackawanna
Diner Club approves two for one stock split
Directors of Diner Club Inc vote to split the company stock two for one. The split takes effect December 16 for holders of record November 25. Currently 429,755 common shares and options for 4,620 exist with no preferred stock. Ward's Automotive reports a 43.2 percent rise in U.S. car output this week led by Ford Chevrolet and Buick in overtime.
MENTIONED IN THIS ARTICLE
Ccar
New York
Diner Club Inc
Ralph E. Schneider
Detroit
Ward
Ford
Chevrolet
Buick
U.S
Also Mentioned on This Page
United Electric Coal Co
Budd Co
Texico
Jiod
GM Arta F
Juke Waller
Laysuarco Er Uy Newetneeenern
Ulu Ayuy
Tex-Buy
Anti-Company
Delaware Comaco
E. I. du Pontpany
Aries
de Nemours & Co
de- Delaware Realty Company
Duycommon
Pont
Dow Jones
Junge Na Muy
Anna
Scar
Storke
Norman F. Dacey & A
Southern Pacific
Allied Lab
Sy Rugere
du Ponti
Up Realty
la Buy
Kita Gas
New Haven Gas
New Haven Wat
Hkouth
Tex Eaat Transay
Unitedium
Wet Macs Co
Pittsburgh Plate Glass
Square D Co
St. Lawrence Corp. Ltd
Snare
St. Joseph
re-Co
Owens-Coming
Fiberglas Corp
Otis Elevator Co
Mack Trucks Inc
Island Creek Coal Co
Clark Equipment Co
BeechNut Life Savers Inc
Aice
Philco Corp
Pueica
Cluett, Peabody & Co
Gnral Outdoor Advrtising Co, Inc
Northast Capital Corp
Penn Fruit Co
Rheen Mfg. Co
W & Steel Co
Enara
Victor Chemical Works
American Hardware Corp
Wall St
Ackawanna
ALCOA
Amalco
Stratford Ave
East Main
Edison
Gold Bend
Nilth
Hamsay & Co
A. ML
Miter & 4
Ino
Sonotone
Sonotone of
Bridgeport
House of Hearing
Broad Street
Read's
United Loan Corp
Fairfield Ave
Cor. Main ST
Sntrance
Western Union
Ray Gaynor
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