Wall Street Margin Rules May Ease If Prices Fall
Wall Street analyst R L Weissman of W E Huton & Co says margin requirements could be reduced if stock prices deteriorate or credit for carrying securities declines. He notes the last increase to 70 percent took effect April 25, 1958, and a 1953 cut to 50 percent followed. He adds Fed action would depend on credit use and money-market conditions.
MENTIONED IN THIS ARTICLE
Elmer D. Walzer
United Press Financial
New York
R. L. Weissman
W. E. Hutton & Co
Federal Reserve Authorities
Weissman
Stock Exchange
Federal Reserve Board
Federal Reserve
Treasury
Chicago
Financial News Dow Jones Narrow Stock Action
New York stock activity showed a generally narrow pattern with few movers. Dow components like Du Pont fell while Grumman and Sinclair Oil rose modestly. activity was steady with rails and utilities little changed and bond-like shifts in select industries. Bank clearings for San Francisco, Oakland, and Los Angeles were reported.
MENTIONED IN THIS ARTICLE
New York
du Pont
International Paper
Douglass Aircraft
Lukens Steel
Corning Glass
Gulf Oil
J.c.penney
Joy Manufacturing
Grumman
Second Mobil
Bit
Sinclair] Oi
San Francisco
Oakland
Los Angeles
Signal Oil Buys Two Firms in Los Angeles
Congressman Engle pressed the Bureau of Reclamation to push studies forward as Signal Oil and Gas Co. disclosed the purchase of Scudder Food Pro, Jauers Inc., and Blue Bird Potato Co. of Los Angeles for about 5.87 million dollars. The deal, via privately owned subsidiaries, was not officially announced. The congressman urged a full investigation and report while noting possible dam regulatory questions near Keswick and the Sacramento River.
MENTIONED IN THIS ARTICLE
Engle
Bureau of Reclamation
House. Com
Mittee
Insular
Los Angeles
Sige Times
Reddingto
Blue Bird
Blanace
Sacramento River
Ship Reports Due to Arrive in San Francisco
Maritime notices list vessels arriving or due at San Francisco between December 5 and December 6. Names include Fileigh from Bremerhaven Poona from Hamburg Hawaiian Packer Honsluie Santa Adela Samarinds Vancouver Ene Teri Hardanger from Seattle Japan Transport Los Angeles Dac 6 Santa Fe Kohxa Maru Osaka Mormuemar Rio Pres Harding Yorkonama Morgantown Victory Yokohama Mason Mormaeda Magnolia State Los Angeles Oak Term How.
MENTIONED IN THIS ARTICLE
San Francisco
Bremerhaven
Poona
Hamburg
Santa Adela
Peru
Samarinds
Vancouver
Teri Hardanger
Seattle
Japan Transport
Los Angeles
Santa Fe
Izorm Buienavent
Kohxa Maru
Osaka
Mormuemar
Rio
Also Mentioned on This Page
Wall St
Financial News
Egg Market
DOW Jones
Lon Shasta
Hel
California
Suiro & Co
Jub St
Hayward
Jefferson
Nulald
ZORK
Tal Ave
BLUFF
Clair Broilers
D-Calif
Wea
Shasta Lake
IOGS
Menn
North American Aviation
Ca Sali
Bea
Saa
Pacific Coast
Pacific Gas
Slestric
Phillips Peirsieum
Wilbur A. Dex- Allegheny
Helmer
Bureau of Reclama Alumum Co. of America
Reynolds’ Metals
St. Regis
Rachuck Ae
Neary
Bee
Anaconi i
Schering
AT & Santa Fe
Cook
New York Stock Exchange
Bechman Instruments Sherwin- Williams
Ouat
Texas Instruments
Corp
Zellerbach
Brucible Steel
Pacific Coast Stock Dresser Industries Au
Aroibricen
Asiman Kodak
Ape
Petroleums Aid
Pacis
A Motor
Neral Electric
General Motors
Canada General
General Tire
Mags
Trust
Wellington
Mallory
Jartin
American Trust
Ward
Casa
Armpex
Bank of America
Borax Holdings
Cal, Water & Tel
Collins Radio
Firemans
First Western Bank
Jorgensen Steel
Kaiser Steel
Lone
Steel
Orradio
Ies Permanente
Portland Ger
Prague Electric
Trinidad
Life Insurance AG
Varian Associates Va
Eagle
The
Baily Review
Tuanday
Dec
Signal Oil
Milton
Fla
W. A. Simmons
Post Office Department
Walker
Cooper Insurance Agency
Cooper & Cook
Insurance Agents & Brokers
Robert A. Foster
Jack A. Pimentel
Don R. McKenzie
Cooper & Cook “Insurance ‘Agents & Brokers
Lucerne
John H. Cooper
Robert, W. Cook, Jr
UL Reed
Grand Coping
Eastman Kodak
SAVE
Foothill Blvd
Russell Way
Telephone
Oakland Cor
12Th & Washington
Richmound
MacDonald
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