Market Underrating Recovery Hits Wall Street, says Cleveland Trust
The Cleveland Trust Company's business bulletin argues the stock market undervalues the recovery, noting rising personal incomes, strong consumer demand, and expected gains in construction. It cites low inventories, potential steel disruptions, and higher government bond yields as risk factors, with a history of multi-year recoveries and a real purchasing power boost despite inflation.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
Cleveland Trust Company
Bulletin
Cleveland Trust
Commerce Department
Financial District
Treasury
Electric Power Rise Forecast This Year
New York reports stronger power use this year with substan tial gains across 14 systems. Weather, industrial activity, and population growth push output higher while imports and auto machinery weigh on the outlook. California and Pacific Gas & Electric see notable increases due to irrigation sales and new connections.
MENTIONED IN THIS ARTICLE
Wlew
Jalata
Public Service Company
Swhr
Westher
California
Pacific Gas & Electric Company
Asie
Parifie Gas
Electric
Howse
Power i
Wall St Chatter Cautious Yet Optimistic Outlook
Standard Poor's outlook suggests a cautious policy stance with hope for longer term gains. Minor cycles may bring a soft period before a renewed advance to new highs. Walston & Co analyst sees a consolidating phase that could curb speculative excesses and set leaders for the next rally. Investors see no imminent drop in stock prices, with business activity not signaling a long downturn.
MENTIONED IN THIS ARTICLE
New York
UPI
Ivendex
Edmund W. Tabell
Walston &Co
Investors Advisory Institute
General Foods Sales Surpass Billion Dollar Mark in 1959
General Foods shows 1959 sales near 1.14 billion with Maxwell House unit in San Leandro contributing. San Leandro payroll exceeds 2 million and raw and packaging materials spend tops 10 million. Kahler notes earnings per share at 4.42 with dividends of 2.30.
MENTIONED IN THIS ARTICLE
San Leandro
General Foods
Marcela
W. EB. Kahler
Kahler
Maxwell House
Kahter
Home Builders Elect New President in East Bay
The Associated Home Builders of the Greater Eastbay will transfer the gavel from outgoing president Morrison of Oakland to president-elect Donald Tete Blone, marking the continuation of leadership in the regional building association.
MENTIONED IN THIS ARTICLE
Dour Morrison
Oakland
Ard Waywand Avenhaldet
Associated Home Builders
Greater
Eastbay
Ihe
Donald Tete Blone
Installations set for association officers in Bay Area
The regional association will install a slate of officers and seven directors at ceremonies this evening. Names include Lowell J. Dug of Athens Athletic Club in Oakland and Richard Scammell of San Leandro, with other senior members from Oakland, Berkeley, Richmond, Orinda, El Cerrito, and Walnut Creek.
MENTIONED IN THIS ARTICLE
Civing
Association
Installa
Tel Tlon
Lowell J. Dug
Athens Athletic Club
Oaklandgan
Alameda
John 12
Johnson
Hayward
Rowland E. Meadows
Stone
Corrite
Gordon-Peterson
Ovin- Suider-realtor
Richard 2. Scammell
la Schulte
San Joao
Fayette
Harold
Livermore
Dro
Slauteyn
Davis
San Lean
Louis Rahlves
Santdro
Fredi Chopin
Oakland
Leandro
William Scallon
Bonds
el Cerrito
Albert “Wy
Maynard
Keagure
G. Lockwood
Galland
Elin
Van
Mein W. Roth
Walnut
Creek
Don
All
Ban Bodily
Niles
Abe Association
Henle
Ship Report Details From Global Ports And Traders
The document lists ships and routes including Muroran Brazil Maru from Yokohama and Sydney, and pretends to show a complex network of maritime movements. It references vessels like Maru, Santa Cruz, and Pres. Johnson with various origin and destination ports, plus market quotations and investment fund notes.
MENTIONED IN THIS ARTICLE
Amaive Sartico
Cetaeys
Anfartico
Richmond
Tite
Muroran
Brazil_ Maru
Yokohama
Honolu
Rechenridee
Fork Mason
Yokohama Jaarland
Luckenbarh
Boston
Mariposa
Sydney
Fiwa Maru
Tanan Sen
Dentel L-Sultan
Nahaif
Tl Mason
Isoharau Mani
New York
Lawak
Brazil
Maru
Santa Cruz
Trom
Portland
Tockton
Kane
Monroe
voRoham
Madison
A.m
Kwafarein
RAMAC Heads For Moscow
RAMAC, a five ton electronic encyclopedia of facts, shipped from San Francisco to Moscow. Built by International Business Machines at a San Jose plant, the RAMAC printer will output answers in Russian. It attracted thousands of visitors at Brussels Fair last year as an automatic expert on world history.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
RAMAC
Moscow
San Jose
Calif
Aechin € Corp
Mvlt
Rus
Sevenal Iéan
Irs
RAMAU
Brussels
Ras
Guelgt
Forward Looking Temperatures for a Wide Southern Alameda
A weather notice forecasts temperatures across southern Alameda area. forecaster notes warm to hot conditions with heat risk in the afternoon. Mostly sunny skies expected with light coastal breezes and rising afternoon highs. Local authorities urge hydration and sun protection.
Statewide Weather Report From United Press International
The early morning weather nap shows a broad low pressure area extending from Mexico northward across the Baja California coast to Washington state with coastal cloudiness and fog on the coast nights. Inland temperatures ran a few degrees cooler with desert areas reaching around 110 degrees.
MENTIONED IN THIS ARTICLE
United Press ‘“International
Mexico
Bae
Wasi
Tres Aall
Lornia
California
Desert
Also Mentioned on This Page
Business Review
Hunt Foods
Food Company
Wall ST. Chatter
Columbia Geneva Division
United States Steel Annealing Furnpace
Pilsburg
Western Tanners
Home Builders
Ship Report
Union OW
Cali
Sutra & Co
Moma|u
Gypsum — Bers
Steel
Wislinghouse Electric Nave York
B.M
Youngstown Sheet & ‘Tube Stock Exchange
Allegheny Ludlum
Almumnum Co
Ane
American Metal Climax
American Z Stork Exchange
Aerojet Calit
Electric Power
Ameren
General Motors
General Tire
Getty OM Hertas
Kaiser Aluminum
Kennecott
Kerr-McGue
Kimberly-Cla
Lukens
Matlin Co
Mead Corp
McGrawtlill
Middle South
Minn
Mig Montgomery
St. Regis Pal S
Gaeta
Brophy
NEI
East Bay Fe Insurance Co
Lovebarton
Mary
Barton
Ala- Yrangamesfoamada County
Rae
William N. Page
Ruth B. Page
Alameda County
State of California
Carolyn Carlsen
United States of America
Caifornia
County Recorder
Lucia Street
Bresch
Truste Erwin
Nielsen
House
Moving & Storage
Kay-Lee
Wesle de Corsat
Main ST. LU
Anderson Bros
Surpres
Srechs
Hesperian
San Lorene EL
Foothill
Em Lowe
Tevedve
Lou
Dougan
Detemars
East 14Th St
San Leandrear
Niles Food
Niles Blydz
Kraski's
Ayaang
Welterance
Tabernacle of
Newark
Path
Pleasanton Way
Terie Beliver
Rence Niles
Ewarl
United Press International
Pang
Hill and Valley
Jin
San
Joston
Sat Schaal
Royal, Ave
Brownsville
Sunact
Chicago
Denver
Detroit
Fort Worth
Fresno
Uni
Kansas City
Los Angeles
Brotlers
Miami
Rossier
Minneapolis
Atte Apstebnan Battery
New Orleans
Caponettes
Oaklant
Cahonva City
Phoenix
Pittsburgh
Reno
Brallers
Sacramento
Salt Lake City
Merle
San Diego
Seatlle
Cnak
Spokane
Tom Turige
Stockton
Egg Market
Transocean Air Lines
Hong Kong
Tay
Taipei
Manila
Bangkok
Rea Fourlel
Diane
SenFrancisco International
Gatland
Qallomte
Ney
Trahsochan Airlin
San Francisco International Airport
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