Wall Street Gossip on Mutual Funds Growth in Plans
New York report shows mutual funds now account for about 20 percent of shareholder accounts due to accumulation plans. Voluntary and contractual plans combine to $870 million in assets as of November 30, 1957, with contractual 30.9 percent and voluntary 49.1 percent of accumulations by September 30, 1957. Average yearly investment around $400 per investor, with quarterly totals rising from 25 to 64.70 in earlier years. Investors favor plans mirroring mutual fund structures, while NYSE plans are also performing, and dollar averaging is noted as steady capital growth.
MENTIONED IN THIS ARTICLE
New York
National Association of Investment Companies
Wall Street
Murual
New York Stock Exchange
Financial District
Notice of fictitious business name in Hayward California
D A Kisner of 4214 Morse Avenue Hayward Alameda County California declares under the fictitious name K & K Plastics that he is the sole proprietor. Notarization on December 20 1957 before Johnnie C Howard notary public Alameda County California with Haley Schenone Tucker Chfield Burchet at 1035 EB Street Hayward as witnesses.
MENTIONED IN THIS ARTICLE
California
Hayward
Alameda
K & K Plastics
D. A
Morse Avenue
D. A. Kisner
A. Kisner
TATE
Urder
Kisner
Johnnie C. Howard Etary
State of California
Haley, Schenone
Tucker
Chfield Burchet
rAtthenEye
California and Arizona clash over Colorado River water
Legal battle centers on title to river supplies and Indian rights amid testimony on acre foot allocations. Government experts estimate 7.5 million acre feet available, with California potentially yielding about 39 percent if lost. The case heads toward Supreme Court review after hearings.
MENTIONED IN THIS ARTICLE
Simon H. ‘Rifkind
Los Angeles
Colorado
Ust
Riflind
California
Arizona
U.S. Supreme Court
Ariz‘na
Tullu
Stock market rally continues on Rockefeller report lift
NEW YORK. Publication of the Rockefeller report and defense spending push boost stocks. Chrysler Corp Chance Vought General Dynamics New York Shipbuilding United Aircraft and Du Pont rise. Steel firms meet demand. Youngstown Sheet & Tube Carpenter National Granite City up about a point to 148. Radio Corp Zenith near a point. IBM up to 308. Rails fractional gains, Chicago & Northwestern advances 2 points.
MENTIONED IN THIS ARTICLE
New York
Chrysler Corp
Chance Vought
General Dynamics
New York Shipbuilding
United Aircraft
du Port
Youngstown Sheet & Tube
Carpenter
National
Granite City
Radio Corp
Zenith
Chicago & Northwestern
Wells Fargo Resources Up in 1956 End Figures
Wells Fargo Bank reports a year end condition of December 31 with total resources of 647.6 million dollars, deposits rising to 591.3 million, loans at 295.7 million, investments 2192.6 million, cash 143.6 million and total capital 39.25 million. Undivided profits reached 6.75 million, up from 5.48 million a year earlier.
MENTIONED IN THIS ARTICLE
Wells Fargo Bank
Wells Fargo
Det.l
Bank Reports 57 Increases Crocker-Anglo National Bank
Crocker-Anglo National Bank reports 1957 gains in deposits loans and total assets while maintaining net operating income despite higher time-deposit costs. Deposits reach 1 388 877 836 vs 1 369 257 362 in 1956, up 29 620 474. Loans after reserves 84 987 489, up 43 601 844. Total assets 1 527 374 106, up 17 235 847. Net income after tax 11 024 498, 32.74 per share on 4 033 300 shares outstanding Dec 21.
MENTIONED IN THIS ARTICLE
Crocker-Anglo National Bank l
Paul E. Hoover
Bay Market Bank Clearings Reported in West Coast Totals
Bay Market Bank clearings listed for San Francisco at 139,400,000 and Los Angeles debits of 878,153,400, with Jakland at 13,253,379, indicating mixed regional banking activity across the West Coast and related debits in the period.
MENTIONED IN THIS ARTICLE
San Francisco
Los Angeles
Wholesale Egg Prices Decline in San Francisco Market
In San Francisco wholesale egg prices fell six cents a dozen to suitable levels for large AA eggs at 51 to 34 cents, medium AA at 48 to 51 cents, and small AA at 12 to 45 cents. Prices last Friday were three to six cents higher, marking a post holiday drop.
MENTIONED IN THIS ARTICLE
San Francisco
Coultry
Whelesalers
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Wall St
Elmer C. Walzer
United Press ‘Financial Belitor
Higtuaros
Hayward Printers
Watkins Street
Uni
Financial News
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Baily Review
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Sutton
General Motors
Pacific’ Coast
General Tire
Stade B
Ing
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Kaiser Alu Oh
Business, Aluminum Co
Cannecott
orr-McGee
American ‘Telephone
Lukens Steel
Kimberg-Cin
Amerada al
Avaconea
Mallary Chant New
WAT & Sa
Beckman Instruments P—O— ‘Ae Ab
DEY CO
Cere
Mea Corp
Tatatatsionme Verssremnintey
Bethlehem
Strel
McGraw-Hit
Af Boeines
Middle South
Bristol
Minn, Mining & Witz
Ate ‘Bueyrus
Calit
Weaning
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Ae Ab
Arboryndum
Wau
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Ata
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Pen Het Oli
Tidewater
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Itar
Trust
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Marietta
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Water & Telld Oie Collins Hadio
Firemans Fun
Western Bank of Jorgensen Steel
Kondring Corp
Star Steel
Lucky Steres
Grradio
Portland
Sprague Elect
Trinidad
Peter
Beyzal Varian Associates
U.S
BO Bows Jones Industrial
Jensen's
Mesperian Blvd
San Lorenzo
Jane EE
Iran
Lymis
Chesterfield
Englander
Jensen's Furniture
Wells Fargo Resources Up
Bay Market
Qop
Marlene’s
Bay Fair
War