Wall Street Starts 1958 With Dividend Outlook and Gains
Standard & Poor's predicts 1958 dividends may stay near 1957 levels as profits ease relief from inventory and plant expenditures supports payout. Wall Street opens with broad gains across industrials rails and utilities, Dow up 2.17, mix of names like Vought, Grumman, Douglas and U S Steel advancing in early trading.
MENTIONED IN THIS ARTICLE
Elmer C. Walzer
United Press Financial
New York
Standard & Poor's
Standard
Wall Street
Newfoundland's Premier bids Crown Zellerbach pulp mill plan
Premier Joseph Smallwood announced that Newfoundland's cabinet authorized Crown Zellerbach to build and run pulp and paper mills in the province. The project would create about 9,000 jobs if approved by the legislature, with facilities in San Francisco aimed at 400 tons of newsprint and 2,000 tons of wood pulp daily, under 99-year leases and ground rents plus stumpage and timber charges.
MENTIONED IN THIS ARTICLE
St, John's
Newfoundland
Joseph ‘Smallwood
Crown
Zellerbach Corporation of
San Francisco
Smallwood
Legislative Assembly
Zellerbach
A. B. Layton
1957 Stock Market Rollercoaster Echoes 1929 Boom Bust
The 1957 market saw a volatile year with gains and losses. Valuation peaked near mid year at about 230 billion, then slid to lows in October before a partial recovery. Dow Jones averages dropped roughly 19 percent from high to low, while daily trading hovered around 2.25 million shares on average.
MENTIONED IN THIS ARTICLE
Washington
Bank of America Posts Record 1957 Growth in Deposits
Bank of America reported 1957 resources of 10.639 billion dollars, up 547.2 million for the year. Savings deposits rose about 250 million, with net earnings per share at 2.81 on 25.5 million shares. Beise cited rising savings rates and improved earnings versus 1956, noting reserves and a 66.25 million dollar net profit after adjustments.
MENTIONED IN THIS ARTICLE
San Francisco
Bank of America
Clark Beise
Beise
Alter
Possi
Ican
Atrex
Box Top Offer Prize Lights Up Mass Garden Grower
UPTON Mass four years ago factory worker Alexander Croteau sent boxtop and coin to a daytime radio program for a package of bulbs. Today he boasts 75000 gladiola bulbs in his garden and has won hundreds in ribbon prizes at flower shows across Massachusetts.
MENTIONED IN THIS ARTICLE
Upton
Mass
Alexander Croteau
Croteau
Massachusetts
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Wall St
INS
War Street
Chance Vought
Grumman
Jersey Standard
Royal Dutch
Texas
Getty
Montgomery Ward
International Nickel
Phelps Dodge
Benrus
Eee
T Jewels
W Rec
Foothill
Russell Way
Hayward S Jefferson
Oakland
12Th
Richmond
Macdonald, Ave
Reunite Brace Accuse Tie Jewel- Watch
le Ay
Milens Jewelers
Hayward
Calif
Socveey
Financial News
Eag Market
AA Nulala
Sopita VE Poultry
Witchessie Pri
Nessane Hong Broilers
Sutro d
Icgraw- Ctl
Eaponet Sbers
Pacific Coast
Middle Ae
Ovier
Doc
Minin & Mig
Sousters
American ‘Telephone
Facitic Gas & Electric
Pricat Ameridé
Potts Petroleum
Beckman
Berhishem Steel Reynolds Metal
St. Regis
Bueyrus
Socony
Mobil
Sommola Broadcasting
Stan Standard
Zelleroach
Texas Instruments
Sunray
Crucible Steu
Tidewater Dresser
Indigtrte
Transamerica Als DuPont
Eastman and Antonel
Calorala
Psu
Eastern
Air Lint Bult
Bank Food Machinery
Westinghouse, Electric
Ford Nor Vy
Ourgstown Sheet
The
General
General Motors
Pacific
Los Angeles
Kaiser Aluminum
Priden Brgun Cane
NS Kennecott
Wenedlan Cay
Kerr-McGee
giLittan Industries
Kimberly-Clark
jEavilic Petroleum
Lukens Steel
Bev Paeltiener
H. Mallory
Marchant
Cesty- Dow-Janes
San [Francisco
Etterson
Ealuornia
Hiawstien Refiner
Honolulu
Golden State
Los Angele
Santa Juana
Pera
Paolo Toscanelli
Cac
Canada General
Avajisan Maru
Satw
Commonwealth
Ora
Olge Maersk
Ita Gas Industries
Santa Clara Evony
Phila 33
Gro Sec
Cam
Stk
Eat Delphis Ne
Eo Veeeots
Dalvendyl
Tram
Rotterdem
Olombti
Vananstratonal Das
Republica Ce Couver
East May
Wington
Belbetty
Huwars
Riles
Sea Serpent
Pusan
Pace Thorshall
Coos Bay
Aona Sakke
Europe
Vercura
Portlan Americ
Marietta Sal
SAN Fangeles
Aspex Corp
Bank Na America
I Awajisan
P.M. Cal” Sprague Elect
AON
Yokonam Itrinidad Fete
Yarrawonga
P. Neg i
S Lite Insurance
Pulp Mil
Storks
Middle East
Russia
Associated Stationer Inc
Redwood Rd
Castro Voi
King - Ne Meters
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