Wall Street Prices Slip on Mixed Third Quarter Reports
Wall Street fell to a three week low as prices drifted with modest gains in copper shares and select issues. The Associated Press average slipped 70 cents to 154.00 as volume tumbled to 1.8 million shares.
MENTIONED IN THIS ARTICLE
New York
Anaconda
Kennecost
Ford
Associated Press
Vertientes Camaguey Sugar
Bethlehem Steel
General Motors
Standard Oi
Pennsylvania Railroad
Raytheon
Martin Co
Bell Aircraft
Air Force
Ford Motor
Texaco
U.S. Steel
Kennecott
International Paper
Union Carbide
Baltimore & Ohio
U.S
Armco Net Up In Ord Quarter
Armco Steel Corp reports a Septem ber quarter net of 14.29 million dollars or 1.19 a share on 11.99 million shares. Net sales reached 191.92 million, vs 163.39 million a year earlier. Nine months net 44.80 million or 3.74 a share. Company notes higher expected fourth quarter earnings and cites impact of 1956 steel strike on prior year.
MENTIONED IN THIS ARTICLE
New York
Armco Steel Corp
Armico
Armco
Charles R. Hook
Hook
Briggs & Stratton Corp
Ae Bee
Law Tastl Abbott L
NIL & Hartt
Alum Ltd
Alcoa
Bey Nor & West
Amerada
Wees
Vai
Nor Pac
Nor
Ohio
Am Cyan
Am & F Pw Co
Oliver Co
Am Gas & el
Pac G & el
M&fdy
Am Motors
N Gas
Pw & Lt
Pfizer
Phelps
Philip Mor
A Armour & Co
Atchison
E&g
Ve Publick Ind
Uy Pullman
Bald Lima
RCA la
Raytheon
Boeing Air 1B
Rey Tob
Iola
American Metal Products Co., A
Borden
Richard Gil
Borg
Rohr Airc
Budd Co
Safeway
TY Wa
Bullard
San F
Carpenter Paper Co
Burland
Bay
Burroughs
Schenley
Schering 1A
Eastern Air Lines
Detroit
Ford
Sears Roek
Motor Co
Shell Oil
Sinclair
Agi
Socony
Mosp&pac
Sperry
Chrysler
Spiegel
Tel
SM General Cable Corp
Pcit Finan
Coca Cola
Colo F & Nr
OU N J
Col Brd AW
Rotary Ltd
Gil Oh
National Malleable & Steel
Castings Co
Ty Sunray
Swift & Co
Sharon Steel Corp
Texas Co
Ty. Stanley
Cosden
Pet
Tex Pc&o
Crane Co
Tex PL
Curtis Pub
Textron
Stone & Webster Inc
Tidewat
Ole Deere
L& W
Dome
UN Carbide
Douek Aire Za
UN Oil Cal
Ayy United Biscuit Co. of America
Dow Chem
United Cp
Yeastair Lib
Unit Fruit
United States Tobacco Co
M & M 1B
Erle BR
Faireh Boye
Best Foods Inc
Firestone
US Steel Ld
Ford Mol
van Caro
Gen Motors
aBy, Wilson & Co
Woolworth
Gillette
Worthington
Goodrich
Sh & T
Gondycar
Grace & Co
Bankoluurs Gt No Ry
Greyhound
Smith, Ramsay & Co
Connecticut Industries
Gulf Mob & O
City ‘Trust
G. H. Walker & Cod
Bild
Gulf
Heyden Npt
Bankers
Trust Qi Joe
Arrow-Hart Hegeman
Homestic
Ay Bank of NY
Houwst L & P
Chase-Manhat
Empire
Bays Bay
Sik Cine Eng
City Bk
Digtaphone Corp
Guaranty Trust
Emhart
Hanover
Bk NY
Fafnir
Irving Trust
Mira Trust
AIM
Farrel Birmingham
Dat Tel & Tet
NY Trust
Ntk Handy Harman
Johns Man
Rerite Eeteeyeees
Jones & L
US Trust Me
Landers
Frary Clark
Kaiser
Marlin Rockwell
Kennecott Oa
New Britain Machine Kern C Ld
Lehigh C&n
Pricesram Smith, Ramsay & Co
North Judd
Peter Paul
Tee
Vna Insurance Oy
Plume Atwood
Aeina Life
Lately Industrie
Sti Stanley Works
Ging & My
SAM
Amer Fid Cas Pt
Torrington Co
Conn Gen Life
Loew's
Hartford Fire Qy
Veeder Root
Lone & Gan
Tay Kong Isl Lt
National Fire
Lortlard
Tay
Mack Trk
Bla
Marine Mid
Martin Co
Bot Gas
OM V
Mengel
Norman Fo Dacey & Associates
Elec
Hild Gas
Monsan Chile
Atomic Development Fund AM
Hous Pub
Mont D Ut
New Haven Gas
Fundamental Investors
New Haven
Monter ON
Mont Ward
Incorporated Investors
Tenn Gas Trans
Motorola
Pioneer Fund
Wellington Fund
Jane
West Maas Co
Steel Output Slated At 79 1 2 Per Cent
The American Iron and Steel Institute reports this week’s steel operating rate at 79 1 2 percent of capacity, equating to 2,024,000 tons. Last week’s rate was 80 2 10 percent with production at 2,052,000 tons and a forecast of 79 9/10 percent or 2,045,000 tons.
MENTIONED IN THIS ARTICLE
New York
American Iron & Steel Institute
Dividend Declarations From Numerous Firms Across Industry
A roundup lists regular quarterly dividends from American Greetings, Chain Belt, Indiana Gas & Water, National Vulcanized Fibre, Northwestern National Life, Otter Tail Power, General Acceptance, Sutherland Paper, Curtis Publishing, Kochring, H W Gossard, National Biscuit, G D Searle, G D Murphy, Foster Wheeler, Koppers, Spartan, Ryan Aeronautical, Westmoreland, North American Cement, Standard Dredging, Trave rs Insurance, Armco Steel, Okonite, International Textbook, Warren Co, SunRay Drug, Royallie, Pittsburgh Steel, Black Hills Power, Richardson, Philadelphia Electric, Southern Co, Marchant Calculators, Pure Oil, Georgia Pacific, Armstrong Cork. Record and payment dates vary. several note prior year comparables and stock dividends.
MENTIONED IN THIS ARTICLE
American Greetings Corp
Chain Belt Co
Indiana Gas & Water Co., Inc
National Vulcanized Fibre Co
Northwestern National Life Insurance
Otter Tail Power Co
Ryan Aeronautical Co
Westmoreland, Inc
Toe Aest
North American Cement Corp
Standard Dredging Corp
Traveers Insurance Co
Spec
F. E. Myers
Black Hills Power & Light Co
Richardson Co
Philadelphia Electric Co
Southern Co
Marchant Calculators Inc.t
Pure Oil Co
Georgia-Pacific Corp
Armstrong Cork Ca
Indiana Standard Oil Declares Cash and Stock Dividend
Standard Oil Co of Indiana declares a regular quarterly cash dividend of 35 cents per share and a special stock dividend of one Newark Jersey share for each 70 Indiana shares, payable December 20 to record holders November 13. the stock value equals about 76 cents per Indiana share, totaling roughly $2.16 per share for the year.
MENTIONED IN THIS ARTICLE
Chicago
Standard Oil Co
Indiana
Standard Oil of New Jersey
Standard of Indiana
Standard of New Jersey
Jersey Standard
Kennecott Profit Drops in Nine Months Amid Copper Slump
Kennecott Copper Corp reports nine month net income of 64.999 million or 6.01 a share before depletion, down from 115.978 million or 10.72 a share a year earlier. Operating revenues fall to 364.763 million from 433.426 million as president Charles R. Cox cites lower copper prices and higher costs. Domestic demand shows slight improvement, with optimism for further gains. Other firms listed show varied nine month results, including Sun Oil, Baltimore & Ohio Railroad, Seaboard Air Line, Northern Pacific, and GM divisions noting price, cost, and output effects.
MENTIONED IN THIS ARTICLE
Kennecott Copper Corp
Charles R. Cox
Sun Oil Co
Procter & Gamble Co
Lone Star Cement Corp
Staufer Chemical Co
Aneka le
Baltimore & Ohio Railroad
Seaboard Air Line Railroad
Northern Pacific Railway
Chicago, Burlington & Quincy Railroad
Atlantic Coast Line Reutened
Oldsmobile
Pontiac
Gulf, Mobile & Ohio Railroad
General
Denver & Rio Grande Western Railroad
Minneapolis, St. Paul & Saulie Ste. Marie Railroad
Studebaker Raises Prices and 9 Month Earnings Snapshot
Reported price hikes for Studebaker added 19 dollars to list price. The page lists nine month net earnings for G D Searle Co and multiple firms including Chas It & Co, Cutler-Hammer, Robertshaw Fulton, Briggs & Stratton, Bell Aircraft, Armstrong Cork, Thiokol Chemical with per share figures and share counts amid a broad corporate earnings roundup.
MENTIONED IN THIS ARTICLE
Chas It & Co, Inc
Cutler-Hammer Inc
Robertshaw-Fulton Controls Co
Connecticut Issues Ford Earnings Report Details
Connecticut Issues Ford posted earnings of 229.5 million dollars or 4.22 a share on 54.1397 590 average shares, compared with 145.2 million or 2.69 a share on 53.9378 24 average shares. Net for the September quarter totaled 58.5 million or 1.07 a share versus 13.5 million or 0.25 a share in 1956.
MENTIONED IN THIS ARTICLE
Ford
RCA Reports Record In 9-Month Sales
RCA reported nine month sales totaling 853 million dollars, up five percent from 1956, with earnings at 28.32 million dollars or 1.87 a common share. Norfolk & Western Railway also announced nine month net income of 23.03 million dollars or 5.75 a share. The Atomic Energy Commission plans to limit uranium purchases to current levels and continue exploration for future demand.
MENTIONED IN THIS ARTICLE
Kennecott
Norfolk and Western
AEC
Netib&o
Radio Corporation of America
Norfolk & Western Railway
New York
Atomic Energy Commission
Jesse Johnson
Commission
Atomic Industrial Forum
Johnson
U. S
Coll-Frontenac Oil Co., Ltd
Studebaker Delivers Higher 1958 Car Prices
Studebaker Packard Corp announces advertised delivery prices for 1958 passenger cars rise by 19 to 100 dollars from 1957. Prices cover September quarter totals of 4 041 521 dollars on sale with ranges from 1 795 to 3 282 dollars for various models. Packard prices to be announced in December. Net earnings for 1958 show 11 152 502 dollars against 9 334 556 dollars in 1956.
MENTIONED IN THIS ARTICLE
South Bend
Ind
Studebaker
Studebaker‘Packard Corp
Reichhold Chemicals Postpones Public Stock Offering
Reichhold Chemicals Inc. announces the board has decided to postpone its planned public offering of 200000 shares due to present market conditions. President Dr Henry H Reichhold stated the decision today in White Plains New York.
MENTIONED IN THIS ARTICLE
White Plains
N. Y
Henry H. Reichhold
Reichhold Chemicals Inc
Also Mentioned on This Page
Wall Street
By ED Morse
SS Mortgage CO
State ST. Bridgeport
Conn
Cucrestline
OI Wilson
Berger
Office Mart
Brooklawn Ave
Cor
Ept
Ord
General Acceptance Corp
Sutherland Paper Co
Curtis Publishing Co
Kochring Co
H.W. Gossard Co
Ee Eee National Biscuit Co
G. D. Searle & Co
G. D. Murphy Co
Foster-Wheeler Corp
Koppers, Co., Inc
Eee
Ae Spartan Corp
International Texbook Co
D. Warren Co
Royaliie of Co., Ltd
Pittsburgh Steel Co
Boston & Maine Railroad
Chicago, Rock Island & Pacific Railroad
UUU
SearTe
G.D. Searle & Co
Bell Aircraft Corp
Armstrong Cork Co
Thiokol Chemical Corp
ARTES
Sameer
Cnncern
Connecticut
RCA Reports
INS
Dow Jones
Tee Ferber
Anc
Abeata Ales Alabole
Bobh Pedes
Beth Steel
W1 Sons
Penn R
Reichold Chemicals
Bridgeport Edison
New England
Hincks Bros. & Co., Inc
Main ST
Bridgeport
Midwest Stock Exchange
Fairchester Service Corporation Automotive Leasing
Weatport
P.O
CAMEO
John Street
Chas, W. Scranton & CO
New York Stock Exchange
John ST
Westport
Norwalk
Enterprise
Norman J. Gaynor
Arthur O. Jennings
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