Industry expands plants despite risks warns Ford Bacon Davis
UPI reports businessmen push rising industrial activity and more plant construction to meet current demand and future family growth. A Ford, Bacon & Davis study cites depreciation rules, financing costs, and risks from overcapacity and misapplied automation, but notes overall opportunities for profits through careful plant development.
MENTIONED IN THIS ARTICLE
New York
UPI
Ford, Bacon &Davis
Federal Revenue Dept
Ford, Bacon & Davis
Tj Mahal
Wells Fargo approves stock split and dividend change
Wells Fargo directors approve a 2 for 1 stock split and a 10 percent stock dividend contingent on par value change from $20 to $10 per share. A stockholders meeting is set for July 30. If earnings growth continues, new $10 par value shares may yield a quarterly dividend of 40 cents per share for a $1.60 annual per share.
MENTIONED IN THIS ARTICLE
Wells. Fargo Bank
I. W. Hellman
Wells Fargo
Market Still Narrow as Few Issues Move Stocks
New York stocks held in a narrow irregular range with only select issues moving. Carpenter Steel rose about 2 percent after earlier gains, while International Business Machines advanced 1 1/2 points. Zenith and Raytheon declined, and Allied Chemical Monsanto edged up nearly a point. American Home Products and Abbott Laboratories gained over 1 percent. Oils, molars, coppers, and utilities showed little overall change.
MENTIONED IN THIS ARTICLE
New York
UPI
Carpenter Steel
Zenith
Raytheon
Allied "Chemical
Monsanto
American Home Products
Abbott Laboratories
Wall Street Chatter on Market Jaws and Research Costs
New York analysts debate whether stocks will test the market highs amid heavy influence from research expenditures. Citing recent fiscal years, Allas Powder Beckman Instruments Consolidated Electrodynamics General Electric International Harvester National Cash Register Parke Davis and Texas Instruments are noted for high per share research spending. Philea Corp. predicts about 30 percent sales growth over 1958 with strong earnings, while Ames M Skinner Jr. notes uncertainty about testing record highs.
MENTIONED IN THIS ARTICLE
L. O. Hooper
W.K. Hulton & Co
Allas Powder
Beckman ‘Instruments
Consolidated Electrodynamics
General Electric
International Harvester
National Cash Register
Philea Corp
Ames M. Skinner Jr
Ratusdey
Bers
New York
Sen Zencises
Shidioka
Yokohama
Vera
San Fran
Stock Exchange Oe
Aerofet
Barghoit
Mise Stock Exchange
American Metal Climax
Newness
Martinez
American Telephone
Kaieck! Chemical President
Ontoe
A. Tamerata Lefcourt
Realty
American Ampex Oo
Mansfield
Vire
Anaconda i Atonsahara
Armour
Thiokol
Ie Lindberg
Jes
Arkceles
Teckman Belants
Bolinas
Coleman Gethiehem
Stee
Hull
Fred’ Gite
Pier
Boeth
I Celal
Actua Genet Maru
Bristol- BN
Brunslek
Moldainger
Bucyrus
Carhorumund American Transic
Aly ‘Co
Steel Westlal
Carriey Carp
Olympic
Chicago
Bana of America
Ie Sen
Portlant
Chrysler
Borax Holdings
Madisoram
Columbia Arend
Calre
Norfolk
Anche
Dan Collins
Pier Corning Glass
Tire
Philippine “Transport
Crows
Jorgenson
Laseles ‘Crucible Stee
Fireman's
Western Hawk
Tania
Es Line
Army ‘Terminal Dresser Indy Glass
Nats Pyelan
Jorgensen Steel
Eastman Koch Kaiser Steel
America
Za Koehring Corp
Food Machinery
Lone Star Steel
Ye Alameda
Painee Ford Molar Ducky
Sm Mato Aia BT
Bataan
McLouth Steel
Tera
Oak
Genera Aotors
Drradia
Aly Aol Loch Garth
P.m. Tandon
Permanente
Nijao
Ene
TermAla
Manila
Portlanden
Ma ‘Sanders Associeit Pempoint
Riana Joy Manufacturing
Ot ‘Thermo King
Kyotoku Maru
Aiser Aluminum
Valparates
Kimberly
Cat
Warian
Assocow
emmi-Oaks Ackens
West Coast
Marlin_Cosal
Segara
Vackenbaaty
Mead Corp
Merah
McGrawl
Mayes On
Maru
TREAA
Middle South
Musashian- Maru
Pam
Minn
d&Atte
Montgomery Ward
Philippine ‘Transport
Ns&c-Oak
Natl
Cash Register
McKawaitan Retiner
Newport News
Fey TermAla
North American Aviation
Naes
Northern Pacific
Canada
Johnson
Parific Gas & Elec
Pheer Bateryers
Ervers
Schering Sears-Roebek
Whale
Shelf ‘Transport Aga
Cay Oncites
Smith
Sherwin ~ Williams
Crona
Socany Hc
Southern Eat
Teteroilers
Tyerk Rc
Southern
Lot Calle
Jersey
Texas Instruments Ead
Tidewater BA
Union Oil of
Calif
Ae Yawntown Sheet & Tube
Westinghouse Electric
Change in Rigid U S Economic Setup Urged
LOS ANGELES The American economic structure is too rigid and needs loosening through more competition. US economy must grow without inflation. Dr Neil H Jacoby of the University of California argues in California Management Review for five policy changes to foster competitive growth, free markets for farm products, reduced tariffs, and modernized depreciation laws.
MENTIONED IN THIS ARTICLE
Los
Angeles
United States
Neil ‘H. Jacoby
Graduate School of Business Administration
Bethel
University of Californigeles
California Management Review
Nawloar
Jacoby
Feed Grains Production Seen Lower in 1959 Range
In Minneapolis United States production of feed grains for 1959 is expected to range from 150 to 133 million tons, a figure noted as substantially below the 1958 record of 388,000.
MENTIONED IN THIS ARTICLE
Minneapolis
United States
Also Mentioned on This Page
Business Review
U.S
UPI Financial Editor
Washington
United Shites
Bank Cle
San Francisco
Oakland
Los Angeles
Berkeley
California
Wall ST. Chatter
Martin Gilbert
Foe Van*Alstyne
Noel &]. Co
Cays Bache & Ca
Dr. Rich
Hayward
Foothill Blvd
Hayward Strip
Walgreens
Wohos
Cone’ Price
Howe
Tin
ie Cann _SACKSON ST. ‘LUMBER SALES
Pacific
Depot Rd
Kingman
Egg Market
Hayward Insurance
Mart Wendell C." Malmberg
Motorola
Motorola TV
Bshahsiot Co
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