Wall Street Hearing To Probe Railroads Next Week
New York reports that a House Interstate Commerce subcommittee will begin hearings on railroad problems with a star-studded lineup of railroad executives. Market guidance hinges on rail and industrial moves as investors watch rate-cut and rate-increase battles. Rail traffic and earnings have fallen, yet leaders plan a strong push for remedies while competition from autos and other transport remains fierce.
MENTIONED IN THIS ARTICLE
Elmer C. Walzer
New York
Wall Street
House Interstate Commerce Committee
Dogether
Congress’ Committee
Gore
First Western Resources Summary of 1937 and 1957 Figures
First Western Bank and Trust Co reports total resources at 1979 424 062 for 1937 versus 509 635 175 at end of 1956. Deposits rise to 1897 474 67 in 1957 and 3823 228 512 in 1956. Loans and discounts 48784 270 in 1957, 470 453 48 in 1956. Undivided profits 9 169 223 in 1957, 7 784 168 in 1956. Net income 5 200 Dié in 1957, down from 5 478 262 in 1956. Net income per share 2.35 in 1957, 92.49 in 1956.
MENTIONED IN THIS ARTICLE
Fist Western Bank and Trust Co
Market Slippage Persists Amid Light Profit Taking
New York trading opened with profit taking from the prior session, minor losses across groups and small declines in Pittston Co and Tennessee Gas. Several stocks edged lower while a few names like Libby Owens Ford and Spencer Chemical posted modest gains. Sector moves were subdued with steels and oils slipping slightly and motors dipping fractions.
MENTIONED IN THIS ARTICLE
New York
Pittston Co
Tennesse Corp
Texas Co
Libbey- Owens- Ford, Spencer
Chemical
Panhandle
Youngstown
Bank To Battle Scotts For Brooks Fortune Stocks
Bank of America seeks court order to recover about 300000 dollars in securities and cash found in furniture owned by 80 year old Walter S Brooks who was declared incompetent after a stroke. Scotts of Fresno bought the furniture for 107 dollars and face return suit as bank fights loss of stocks including Trans America Pacific Gas Electric Snell RCA Magnavox.
MENTIONED IN THIS ARTICLE
San Francisco
Bank of America
Goto
Radio Land TV
Walter S. Brooks
Brooks
Carl Scott
Fresno
Marguerite
Scotts
Thomas E. Feeney
San Francisco|li Hospital
Sonoma
S Call
Trans-America
Pacific: Gas
I and Electric
Snell
Afl
RCA
Magnavox
T. Af
Fitzpatrick
Scott
Feeney
Homebuilders Ask GI Interest Boost in FHA Loans
The Associated Home Builders of the Greater East Bay urge a 1 percent rise in GI loan rates to 5 percent and seek extending the GE loan program to July 25, 1960. They press a six point program for FHA VA FNMA credit alignment, lower mortgage insurance, and broader loan eligibility to revive postwar housing, with a long term plan to stabilize and renew industry vigor.
MENTIONED IN THIS ARTICLE
Associated Home Builders
Greater East
FHA
California
Nation's Association
Joby Hennessy
FMA
FNMA
Federal National Mortgage Assn
Financial News Amid Market Ticker and Savings Report
Stock listings from New York show prices, trades, and rate changes across exchanges, with downtick and uptick notes. Pioneer Investors Savings reports a record 1957, with $1.59 million semi annual interest and over 51,000 customers, noting regional growth and peak reserves.
MENTIONED IN THIS ARTICLE
Iavestors Sane
California
Hanzest Sav
Itagings
Joan ‘Association
Salvo Investors Savings Assn
I2va
Condi
Trust
Tion Resources
Wellington
Califrang
Fornta
Marietta
Bank of America
Reece H. ‘Dorr
Pioneer Investors
Savags
Pioneer
Ithe
Dorr
Ship arrivals and schedule chaos roils port letters
A jumble of ship names and origins floods the San Francisco docket with arrival expectations. Vessels from Yokohama, Portland, Boston, Kobe, New York, Genoa, Hong Kong, and Manila appear in a chaotic listing with uncertain dates and times, including several late January forecasts and a few incomplete notes.
MENTIONED IN THIS ARTICLE
SAN Francisc
Cenmar
Erased Com
Encar
Adelphin Tyes
Buchanan
Yokohama
Addanger
Portland
Eelena Luckenbach
Boston
Barrett
Hondhalil
Feorgia Mat
Kobe
Ombay
New York
Coke! Maru
DERKR
Ome Fondo
Philippines
Sim Fg
Borlenga
Puerto
Puerto Armia
Newark Planners Set Tonight Work Session Agenda
Newark planning problems since the December 17 meeting will top the Newark Planning Commission agenda at the work session tonight. The planners will also launch a further study of proposed amendments to the city's industrial ordinance, with the meeting slated to begin at 7 30 p.m. in the City Hall Conference Room.
MENTIONED IN THIS ARTICLE
Newark
Newark Planning Commission
City
Open House Set More Passports at Washington Financial
The United Seabord Finance Co. will hold an informal open house tomorrow from 5 to 8 p.m. at its new branch on IMTA St Hayward. The event follows a 20,0 or 43 percent gain in passport issuances during the first nine months of 1957 compared with 1955.
MENTIONED IN THIS ARTICLE
Washington
United Seabord Finance Co
IMTA
Hayward
1958 Climb In Personal Income Seen
San Francisco based forecast projects California personal income surpassing 22 billion dollars in 1958. Pacific Gas and Electric Co. publication supports the outlook amid statewide economic growth and rising consumer earnings.
MENTIONED IN THIS ARTICLE
San Francisco
California
Pacific Gas and’ Electric Co
Hayward Businessmen Eye Prosperous 1958 Year
Local Hayward merchants forecast a strong year with a bigger trading area boosting sales. New stores and a $2,000,000 investment are planned, including Sears and Woolworth, plus multiple shops at Fairway Park and Palma Cela. Population and industrial growth are expected to push development ahead. Local officials cite diversified industry and strategic Oakland–San Jose location as key factors.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Oakland
Bill Bird
Edith Apgar
MacDonald “Products Co
Hays Hward
Hayward
Hayward High School
Rousseau
Southgate
Fairview
Palma Cela
Winton Ave
Eastshore Freeway
Sears
San Jose
Heyward
Bids Sought for Warehouse at San Lorenzo District Quarters
San Lorenzo Elementary School Board invited bids for erecting a 5,000 square foot warehouse at the district quarters between Second and Sycamore streets. The meeting also approved a fire alarm system installation for seven schools and authorized purchase and removal of a storage building at St. Joachim’s Catholic Church site in Russell.
MENTIONED IN THIS ARTICLE
San. Lorenzo
Pat
Sycamore
Rce
Ray
David D. Bohannos
Linda
Vista
del Rey
Grant
David B.martin
Village
St. Joachin's
Cathaile Church
Russell
Debt Mergers Lead Borrowing
Chicago report notes that debt consolidation remains the top borrowing reason for credit union members, with auto purchases as a key motive. Auto loans accounted for the largest share by amount, totaling about forty percent of the total loaned by federal credit unions in 1956.
MENTIONED IN THIS ARTICLE
Chicago JR
Bureau of
Glass Plant Permit Issued in San Leandro
A building permit was issued yesterday for Anchor Hacking Glass Corp to start a first unit of a potential multi million dollar plant on 23 acres at 1541 W Ave 137 in San Leandro. The warehouse will handle storage and shipping while construction plans for a main production plant proceed. George Washington, a structural engineer from San Francisco, signed the plans. bids determine the start timeframe and a projected cost is given as 780,000 with about 200 employees anticipated for the main plant.
MENTIONED IN THIS ARTICLE
San Leandro
Anchor Hacking Glass Corp
Lancaster
Ohio
George Washington
San Franiscs
W. Ave
Washington
Bank clearings in San Francisco and nearby cities
Bank clearings show San Francisco valued at 124.6 million and Oakland at 13.7 million while Los Angeles debits reach 387.1 million, indicating regional finance activity and liquidity shifts. The figures reflect interbank settlements and carried through the era’s transactional network.
MENTIONED IN THIS ARTICLE
San Francisco
Oakland
Los Angeles
Also Mentioned on This Page
Wall St
Financial News
Dow Jones
Sutro É& Co
Mem
Jorgensen
Pacific
Coast
Mns
INS
Weliers
Columbia Broadcasting
Continental
Carning Glass Crown
Zollerbach
Crucible
Steesimu
Bremer Industries
Badin Rodale
Ford Motor Sewer Electric
General Motors —. General the
Judson Bay
Kennecott Kerr - McGed
Kimberly
Clark Lukens “Steel R. Mallory
POE
Taiban Focus
Hell Themenert & Ore
Texas InstruMents
Tidewater
Westinghouse Electric
Youngstown Sheet & Tul
New Turkeys Pacific
Yeady
nporium-Capwell
Litton Industries Pacific Petroleums Pacific Belennope
M. BO
Jos & Coo
St. Hayward
Salif
Pioneer Investors Savings
Pioneer i
First Savings
Toan Association
Jack Hanley
Jamison
Way
Castro
Valley
Coombs Agency
Furance
National Assn. of Life
Egg Market
Sam Francisco
Horzhall
Pape
Ames
Victory
Antwerp
Coast Progress
Pan
Seattle
Fornda
Toth
BIG Safe
Friendly
Ivestor Savings Loan ‘Association
Seerne
Sam -Leandro
E. 7Th Street
Lockhaven
Glencourt
Alto
San Jose-Downs
Stavens
Patton
Oliver Roousseatt
Castra St
Lucky
W. Woolworth, and
Wells
W. T. Grant
Woolworth
Fairway Park
G&e
Califrnia
Fremont
Berkeley
Berkeley ‘Savings — Loan Association
Centerville
Oakland-Grand Lake
Walnut Creek
Vallejo
Jefferson
East Bay
Elgin
Sutro
Niew Terk Stock Exchange
Pacific Coast Stock Exchiemge
American Shock Exchange
Tath
Vated
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