Steady Stock Start Quickly Turns Mixed
New York stocks opened steady then moved mixed in slow trading. Some shipbuilding, oil, and motion picture stocks rose fractions, while steel, chemicals, and nonferrous metals declined. The Dow fell 58 cents at 11 am from yesterday’s dip. rails slipped while utilities edged higher. First hour volume reached 400,000 shares, down 30,000 from the prior session. Brokers praised overall market performance though liquidity slowed and prices were irregular, hoping to set the stage for year-end fund flows and a late rally between Christmas and New Year.
MENTIONED IN THIS ARTICLE
New York
INS
Dow Jones
Trist
Sutro & As
Prascisco
Tee Ne’ x Ik Stock Exchange
American Telephone
American Tobacco
AT & Sari ‘Utilities
Bethlehem Steel
Igi
Boeing
Columbia Broadcast New York
SNS
Sontinental
Zellerbach York Stock Exchange
Douaania
Aviation
Dresser
Industries
DuPont
Ford
General Foods
General Motors
Goodyear Rubber
Inter
Harvestes Lee A Kennecott
Leon's Inc
Shi Mead Corp
Middle Source
Ware Sbe
Montgomery Wa
Beh
Bae
Natl
Auto Fibres
Nulatdae
Nat
Distillers
New York Centri
Briantonne Worth Amer. Aviation
Ease Owens
Ilinois Bec
Pacific Gas Ic Pfizer
Dale Broilers
Phillips Atroreuan
Oly Tyers
Arenes
Proctor, & Gamble Bist
Rowatens
Hiers
Lhe
Ovef van
Reynolds
Sears
Roebuck
Southern Calif
Edison
Broilers
Pacife
Calil
U. S. Steel
Young Tom Turkes Nh 5-490 Westinghouse
Woolworth
San Francisco
Trady
Pacific
Pacific Petro
Pacific Telephone Investment Funds
Ask Affiliated Fund
Atomic Develop
Canadian Fund
Commonwealth
Trust BI
Sacramento
Highway Commission
Das
American Trust
Canyon
American Marietta i Ba
Moraga
Con- Ampex Corp
Ohtra Costa County
Bank of America
Cal-Ore_ Power
Collins Radio
First Western Bank
Ideal Cement
Kaiser Steel - En
Lucky Stores
Sn Permanentc
Rockwell Miex
Big Tenn Gas Trans
Jones Industrials
Nutro & Co
Hayward
California
Jefferson
Wall Street News Sees Mixed 1957 Outlook and Rate Pressures
Inside Wall Street reports Arnco’s 1956 net near $6.50, backlogs and higher prices improve 1957. Eastern railroads seek a 7 percent freight rate rise to cover labor costs starting Nov 1, not material costs. Boeing earnings up from 1955. Elliott with merger chatter. major financing plans emerge as funds demand remains strong and rates likely to rise.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Engas
Arnco
Elliott Company
Bob Zeock
Wilcox
Newport “News
Boeing
Arthur W. Bullock
Paine, Webber, Jackson and Curtis
Federal Reserve
Lucky Stores Expands Chain to 95 Markets in California
Lucky Stores Inc announces purchase of 32 Cardinal grocery stores in Sacramento Valley, boosting total to 95. San Francisco report notes cattle and market conditions as stock quotes reflect supply tightness and varied sales.
MENTIONED IN THIS ARTICLE
Lucky Chain
San Leandro
Lucky’ Stores, Inc
Sacra*ment Valley
California
San Francisco
Road routing completes 4.8 mile Oakland to Moraga link
A 4.8 mile routing connects Eastwood Court in Oakland with Bollinger Canyon Road near Moraga, completing a state highway addition by the 1953 legislature. The path runs from Mountain Boulevard near Oakland’s Pork Boulevard to Route 24 by Lafayette, crossing San Leandro Creek and skirting Moraga Valley south of Miramonte High School.
MENTIONED IN THIS ARTICLE
Eastwood Ct
Oakland
Bollinger Canyon Rd
Moraga
Mountain Blvd
Pork Blvd
Lafayette
Fast Ct
Park Blvd
San Leandro Creek
Moraga Valley
Miramonte High School
Bank Clearings in San Francisco Report
Bank clearings in San Francisco show a figure of 5367.300000 while 8 1,097 are noted in accompanying columns. The fragment indicates financial activity but lacks full context or dates.
MENTIONED IN THIS ARTICLE
San Francisco
West's Steel Consumption At New Peak
Kaiser Steel Corp reports 1956 far west steel use at an estimated record 6.3 million tons, 200000 above 1955, despite a 34 day national strike. California Oregon Washington Arizona Utah Nevada and Tolano accounted for the western market with Southern California the largest share. Kaiser predicts 1957 supply will be tight while a Fontana mill expansion of 113 million dollars aimed at 40 percent higher output will not impact until 1958.
MENTIONED IN THIS ARTICLE
Oakland
Kaiser Steel Corporation
Far West
Steel Company
California
Oregon
Washington
Arizona
Utah
Nevada
Tolano
Southern
Northern
Mountain States
Kaiser
Fontana
Slight Bay Dip In Factory Jobs
San Francisco November manufacturing employment showed a slight dip. Los Angeles metro area reached a record 76,600 wage and salary workers, up 1,800 from October and five percent above November 1959. San Francisco total employment stood at 194,500, down 500 from the seasonal peak but 16,300 above last November. Unemployment benefit claims for San Francisco were 14,300 in November, lower than October’s 16,500.
MENTIONED IN THIS ARTICLE
San Francisco
Los Angeles
San Francisco Bay Area
California Department of Industrial Relations
Lockheed's Bay Site for Missiles Bay Area testing at Santa Cruz mountain site
Lockheed announced that its 4000 acre Redwood forest site near Santa Cruz will house development and testing of advanced missile systems and components. Missile scientists will evaluate hazardous elements and conduct static testing of control subsystems for new liquid and solid rocket engines. No launch will occur from this or any Bay area site.
MENTIONED IN THIS ARTICLE
Sunnyvale
Lockheed Aircraft
Santa Cruz
Calif
F L. Eugene Root
Lockheed
Missiles Systems Feneral
Symons Company Names Manager for West Coast
J Frank Pearson of Palo Alto has been named manager of Symons Clamp and Manufacturing Company West Coast operations. He will oversee western sales production distribution and management from the new plant at 683 Thornton Street. Pearson, a former Ozalid division executive at General Aniline and Film in San Francisco, will run all Western activities. The firm’s headquarters remain in Chicago.
MENTIONED IN THIS ARTICLE
San Leandro
J. Frank Pearson
Palo ‘Alto
West Coast
Symons Clamp and Manufacturing Company
Thornton Street
Seaton to Speak at Cattle Meet in Phoenix
Denver officials of the American National Cattlemen's Association announced that Interior Secretary Fred Seaton will head the speaker list at the organization's 60th anniversary convention next month in Phoenix Arizona. The event will be held at the Westward Ho hotel.
MENTIONED IN THIS ARTICLE
Denver
American National
Cattlemen's Association
Fred Seaton
Phoenix
Arizona
Pra Hotel
Westward Ho
Jen
Also Mentioned on This Page
Wall ST
Financial News World
Egg Market
Shepard Canyon
TRY Rowell Saddle CO
Redwood Road
PH. LA
Levis and Lees Jackets & Pants
West
Lockheed's Bay
Symons Company
Seaton
Singer
Robbin
Hamali
Singer ‘Sewing & Center
Dad
Romeos
Him
HER
Khoren's
Slippers
Mouse Prittie
Allenfamgs
San Lorenzo Cor
Hesperian
Paseo Grande
San Loranzo
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