Wall Street Gossip on Selectivity in 1953 Markets
United Press analysis notes forecasts for 1953 show a downtrend early year, then steadier rise in Q3 and strong Q4. Experts urge selectivity, with Jacques Coe predicting more groups will fall than rise, citing meat packing margins as hog prices stay low. Edmund Tabell flags consumer goods, building supplies, chemical and paper as potential winners, plus utilities, bonds, and railroad equipment beneficiaries.
MENTIONED IN THIS ARTICLE
Elmer C. Walzar
United Press Financial
New York
Jacques Coe
Edmund W. Tabell
Walston & Co
Tabell
Activity Boom Brings Modest Year End Market Advances
New York trading shows a flood of activity with 920000 shares changing hands in hours of early session. Dow Jones industrial average edges up 2.62, rails rise 78 cents, utilities up eight cents as investors dump losers and seek any sign of a year end rally. Leading movers include Du Pont Getty Gulf U S Steel and Westinghouse with gains near a point or more while General Electric RCA American Telephone and International Paper post fractional advances.
MENTIONED IN THIS ARTICLE
New York
SBS
du Pont
U.S. Steel
Getty
Gulf
Jersey Stadard
Royal Dutch
Amerada
Westinghouse
General Electric
RCA
American Telephone
International Paper
New York Central
Pennsylvania
Southern Railway
Ford
Founders Saving and Loan Assn Reports Gains
Savings firm announces year end results from A St Hay ward quarters showing assets up 34 percent to 34.2 million, net savings rising 23 percent to 2 million, loans up 27 percent to 1.235 million, and over 103 thousand paid to account holders as rates rose from 3.45 to 4 percent at mid year. President Herbiet F Ward Grogs led the report.
MENTIONED IN THIS ARTICLE
St. Hayward
Founders Saving and Loan Assn
Herbiet F. Ward
Record Dividends Reach New Highs Across American Firms
New York reports total cash dividends disbursed by American corporations in 1957 at 22.1 billion dollars, a record surpassing 9.1 billion in 1956 and 5.8 billion in 1929. AT&T paid 581 million, GM 352 million in 1955, with utilities, petroleum, and natural gas leading in dollar volume. With profits leveling, stock dividends rose to conserve working capital, while some copper, railroad, amusement, retail, and textile firms cut dividends.
MENTIONED IN THIS ARTICLE
New York
Amercan
American Telephone’ & Telegraph Co
General Motors Corp
Bank Clearings Report for San Francisco and Los Angeles
Bank clearings across San Francisco and Los Angeles show debits totaling 887,047. The fragmentary OCR lists figures and names unclear but indicates regional bank activity with a large debit figure.
MENTIONED IN THIS ARTICLE
San Francisco
Los Angeles
New Oakland Army Supply Chief Named
Major C. Chadwell has been named chief of the Oakland Army Terminal Center supply, directing the Bay Area unit handling troops and cargo to Pacific bases. A 19-year veteran, he previously led a Supply Div branch in Oakland and served in England, Belgium, Germany, Korea, and Japan with multiple wartime honors. He and his wife Thelma have four children.
MENTIONED IN THIS ARTICLE
Castro Valley
Rixey
Oakland C
Chadwell
Lobert St
Army Terminal
Bay Area
APOE
Pacific
Chadiwell
Seattle Army Terminal
Honda Knot
San Francisco
Bering Sea
Oakland Terminal
England
Belgium
Germany
Korea
Japan
Thelma
Sherry Ann
Mark
Candace
Lisa
U S Economic Outlook For 1958 Sees Rally And Slower Decline
Top economists forecast 1958 will begin with a decline and gradual recovery. Wider money ease and increased defense and infrastructure spending are expected to shore up activity. Consumer spending remains pivotal. a cautious consumer could extend the downturn. Russian satellite launches spur demand for defense though the year ends with lingering uncertainty.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Sais
Russia
Dow Jones Average Sags Amid Mixed Markets
New York stock activity shows 240 issues traded with 88 advancing, 718 declining, and 235 unchanged. Dow Jones Industrial Average fell while bonds and rail figures fluctuated, with mixed performance across public utilities and industrial sectors.
MENTIONED IN THIS ARTICLE
New “York
INS
New York
Dow Jones
Law Schools Act on Negro Pupils
In San Francisco the Association of American Law Schools approved censure of members refusing to admit qualified Negro students by an 80 to vote at the final session of its Thursday convention. Har vard’s Erwin N. Griswold was installed as president. William L. Prosser of the University of California at Berkeley named president-elect to take office in 1958 in Chicago.
MENTIONED IN THIS ARTICLE
San Francisco
Assn. of American Law Schools
Harvard
Erwin N. Griswold
William L. Prosser
University of Calfornia
Berkeley
Chicago
Ancient Culture Lab Established at University of Missouri
The University of Missouri creates the Study Collections laboratory to aid art history and archaeology teaching. Chairman Dr. Saul S Weinberg says the aim is to bring products of diverse civilizations to students, featuring about 70 objects from Mediterranean cultures emphasizing Greek and Roman periods. In San Francisco, Joyce M scheuer, a 41 year-old unemployed stenographic clerk from Concord, died after leaping from the Golden Gate Bridge. relatives say she was despondent over job prospects.
MENTIONED IN THIS ARTICLE
Columbia, Mo
University of Missouri
Saul S$. Weinberg
Department of
San Francisco
Joyce M. Tures
Scheuer
Concord
Golden Gate Bridge
Dressed Poultry Section From Local Market Ad
Readable items include whole ready to cook poultry such as turkeys of various weights and ages, young tom turkeys, ducks, dabbits, and toasters listed with price ranges and product types. Marked as market inventory with multiple weight categories and readiness notes.
MENTIONED IN THIS ARTICLE
Roers
Anne Boy Eoonettes Sryers
Taponetes Inc
Construction poised for 1958 growth in housing market
A New York focused analysis forecasts 1958 total construction expenditures rising about five percent to a peak of 50 billion dollars, marking the 14th straight annual increase. Despite steady inflation driven costs, housing should gain from lower federal reserve rates, easier FHA loan terms, and higher individual savings as starts near one million units in 1957 before dipping.
MENTIONED IN THIS ARTICLE
New York
Meat Output Dip Seen in 1958 From Farm Department
The USDA projects 1958 beef output near 1957 levels with fewer cattle and sheep slaughtered. Hog slaughter declines expected but pork output rises. beef prices may edge higher while pork prices fall as the year progresses.
MENTIONED IN THIS ARTICLE
Chicago
U.S. Dept. x Agriculture
USDA
Ships Report Arrives in San Francisco with Lone Berths
The ship schedule lists many vessels arriving in San Francisco including Iowa Maru Vorone, Palmetto State, Awatisan Maru, Zolden Mariner, and Yokohama bound ships. Names like Leonard Bostrom Hugh Gatfrey and Jack Pensleton appear among crews. The column notes sail dates around January and indicates several ships originate from Yokohama and Los Angeles with various routes and cargo.
MENTIONED IN THIS ARTICLE
San Francico
la Fer
Eureka
Philadelphia
Iowa
Yokohama
Zolden Mariner
Korea
Yokorime
Stes
Wilkyn
Avi. Leonard
Bostrom
Sen
Hugh J. Gatfay
Friddy
Januar Dawaiian Refiner
Fonotutu
Jolden Sate
Los Angeles
Jack J. Pensletor
San Francisco
PI East
Orice Luckenbach
Hambure How
Etary
Schoke
Dam
Manila
Abortion Suspect Death Analyzed in San Francisco
Dr Clarence G Potter a 65 year old former obstetrician died while being questioned as a suspected abortionist. Officials report a heart attack rather than poisoning as the cause. Potter a former Air Force colonel was arrested at his Novato home and brought to San Francisco for questioning when he collapsed during the interrogation.
MENTIONED IN THIS ARTICLE
San Francisco
Clarence G. Potter
Air Force
Novato
Italy to Buy US Jet Liners for National Airlines
Rome reports Italy will purchase 16 to 20 jet airliners from American manufacturers to modernize its nationalized airlines. Sen. Giuseppe Caren, undersecretary for civil aviation, said decision between DC-8 and Boeing 707 options should be made by end of January amid a broader modernization plan.
MENTIONED IN THIS ARTICLE
Rome
Italy
Giuseppe Caren
Stone Mountain
Mont
James B. Venable
Sever
Venable
Bleak Outlook for Auto Industry in Hard Year
A 1957 wrap highlights a mixed year for U S autos with Chrysler gaining market share through bold styling, GM dipping to about 43 percent while remaining near peak production, AMC turning a profit in late 1957, and foreign small cars rising to about 50,000 plus. Detroit leaders anticipate 1958 foreign sales of 30,000 to 350,000 and new auto contracts tied to labor talks as firms expand missile work and explore foreign builds.
MENTIONED IN THIS ARTICLE
Detroit
Ion
Chrysler’ Corp
General Motors Corp
General Motors
Motors: Corp
AMC
George’ Romney
Studebaker + Packard “Corp
Ufe
Scotsman
U. S
General
Motors
Ford
Meister Co
Opels
Vauxhalls
Angliass
Chrysler
Pounestis
Taligs
Thiure
Gm-Ford-Chrysler
Reuther
Jupiters
Redstones
Bee Search
Gasoline Flood Forces Wilmington Family Evacuations
About 50 Wilmington families fled their homes after two breaks in a Shell pipeline released highly flammable gasoline flooding the intersection of Sanford Avenue and Pacific Coast Highway. Firefighters and Shell workers labored over two hours to clear dirt and wash streets before residents were allowed back.
MENTIONED IN THIS ARTICLE
Wilmington
Calif
Shell 30 Company
Sanford Ave
Pacific Coast Highway
Also Mentioned on This Page
Wall St
Oakland
RB. C. Chadwell
Financial News
U.S
York
Dow
Rail
American Exchange
Law Schools
Eag Market
Sant
Seer
TBS Metros
Iy Ao
Stora LA
Aerize
Tampa
Boudoly Beresy
Sal * Shaety
Cme Am Mela
Holly Wood
Aaa
Ec Ocli
Sect Nee
Ted Cooper
Hollywood
Altey
Goodyear
Hollywood Studio
Main ST. Hayward
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