Stock Market Action Peppy With New Rise
New York AP reports stocks holding a firm tone with active turnover early. Rohm & Haas rose sharply, other leaders like Otis Elevator Union Twist Drill and Republic Aviation gained, while Mengel fell. Motors eased slightly and oils were mixed with few sizable losses.
MENTIONED IN THIS ARTICLE
New York
Rohm & Haas
Otis Elevator
Union
Food Machinery
Addressograph
American Hawaiian Steamship
Republic Aviation
Mengel
Havey
California Weather Report Mixed Coastal Rain Forecast
A statewide weather summary notes rain near the Oregon border spreading along the coast to San Francisco by Thursday. Northern California should stay mostly fair, with night and morning overcast on the coast. Tuesday was warmer than Monday in the Bay Area and adjacent valleys, with highs in the 60s to near 80 in interior deserts and lows 48 to 38.
MENTIONED IN THIS ARTICLE
San Francisco
California
Oregon
Coas
San Francisco Bay Area
Foreign competition worries U.S. businessmen say Blough
UPI reports that American executives fear foreign rivals with lower living costs can undersell U.S. firms, risking higher unemployment. Roger M. Blough, United States Steel chairman, urges productivity gains to raise living standards while acknowledging wage gaps. Barron’s notes European competition hits autos and machinery, with inflation and foreign loans shifting away from the U.S. and Western industry faces global pressure.
MENTIONED IN THIS ARTICLE
New York
Roger M. Blough
United States Steel Corp
Jean
U. S. Steel
Brough
U.S
Barron's
United States
al Cars
Nugless
Britain
World Bank
Barrow-Islers
Alexander Hamilton Institute
Soviet Bloc
Founders Savings Resources Climb
Founders Savings & Loan Hayward posted a 39 percent gain in resources for the 12 month period ending. Neill Davis, executive vice president of the California Savings and Loan League, said local assets now total 4,828,707 dollars, up 3,253,425 since March 31, 1957. Davis noted California savings associations total more than 6 billion dollars.
MENTIONED IN THIS ARTICLE
Founders Savings & Loan
Hayward
Neill Davis
California [Savings and Loan League
California Savings Associations
Davis
Stock Market Figures and Political Clash Report
The page blends stock quotations with a political confrontation as Gov. Goodwin Knight assails Rep. Engle over Colorado River water rights in a California primary race. It lists over the counter prices, major industrials, and a dense roster of companies, funds, and utilities, signaling market activity alongside campaign rhetoric.
MENTIONED IN THIS ARTICLE
Sutry Gb
Marns
S- Steel Omacsders
New York
San Francisco
Stinghouse
Electric
Youngstown Sheet & Tube
Hewyors
SHORE
Pacific Coast
Liston
Pasadena
Clair
Engle
Iti
Mass
Wand Gites
California
Trust
American Trust
American Marietta
Ampex Corp
Columbia Broadcasting
Continental
Goring Glass
Zellerbach
Crucible Steel
Dresser Industries DuPont
Eastman Ko
Eastern Airlines
Ford Motor General
General Motors
General Tire
Getty
Glen C. Martin
Int
Business Machines
Portland General Electric
Trinidad
Pete Dev
U. S. Life Insurance
Varian Assoc
Middle South
Minn
Mining & Miss Montgomery Ward
Nat'l Cash ‘Register
New York Shipbuilding
North American Aviation Northern Pacific Oltn
Mathles
Pacific Gas & Electric Pilzer
Phillips_Petroleums Radio Corp
Republic Steel Reynolds Metals — Co
DOW Jones
Sutroy Co
Hayward
Standard Oil of
New
Jr Sunray Mid-Continent Oil
Tens Gas
Trans Texas
Instruments Tidewater Transameric Union Oil of
Rebel Arms Offer Bared to Indonesia Rebels
San Francisco wholesale firm American Sales Company disclosed an offer to sell 50,000 Italian army rifles and 5,000,000 rounds of ammunition to Indonesian insurgents. Joseph Hirsh said there was some response but could not fill orders, while his nephew questioned if the sale would be a good thing. The guns, semi automatic, date from Mussolini era and were abandoned by the Italian Army. The report ties this to broader political debates on California water rights and state policy.
MENTIONED IN THIS ARTICLE
San Francisco
Indonesia
Joseph Hirsh
American Sales Company
Robert Hirsch
New York
Italy
Benito Mussolini
Dow Jones Stock Averages and Trading Summary
New York reports opening and closing ranges for the Dow Jones averages with sector breakdowns for Industrials Railroads Utilities and Stocks. It notes total yesterday’s stock and bond sales on the New York and American exchanges plus 1,171 issues traded with 587 advances, 262 unchanged.
MENTIONED IN THIS ARTICLE
New York
INS
Jones
American Exchange
New York Stock Exchange
Bank clearings by city show large totals
San Francisco 3106,500,000 Oakland 12,055,105 Los Angeles debits 250,788,374. Totals reflect clearings across major California centers with San Francisco leading in volume.
MENTIONED IN THIS ARTICLE
San Francisco
Oakland
Los Angeles
Ship Report DUE TO ARRIVE SAN FRANCISCO Thursday May 4
A mixed list of ships due to arrive and sail for San Francisco and other ports. Entries include GBléite 60 from Hawaiian Retines to Honolulu, Patagonia from Negaott Lee, Victory from Tamio, Gavelier 4 la Salle from Seattle, Massmar from Baltimore, Yokohama bound ships, and others such as Lurline from Honolulu and Prag from New York. Several vessels are noted with tentative dates May 9 and May 10 and destinations including Portland San Francisco and Valparaiso with various transport lines and names like Mormacsuri and Pres. Polk.
MENTIONED IN THIS ARTICLE
San Francisco
San Jose
Gbléite
Hawaiian Retines
Honolulu
Patagonia
Negaott
Lee Joe Mandeville
New BE
W. H. Peabody
Prisadshia James Victory
Tamio
Boe
Ala
Gavelier
la Salle
Seattle
Massmar
Baltimore
Yar Heel Mariner
Yokohama
Portland Star
Portland
Mormacsuri
Rio’ de Janeiro
Lurline
Prag
Pierce
New York
Pres
Polk
Union
Star
Keystone, Mariner
Los
Angeles
Tax Fight Plotted By L A County Tax Fight Plotted By L A County
Los Angeles County filed to stop recovery of taxes paid on two homes tied to Rev James J W Fifield Jr. Suits filed by Fifield Manor and Fifield Manor Wilshire seek $44 963 52 and $398 993 77 arguing the properties operate as non profit under California law.
MENTIONED IN THIS ARTICLE
Los Angeles
INL
County of
James J W. Fifield
Superior
Fifield Manor
Wilshire
California
Bombs Wipe Out Four State Cities In Exercise
In a nationwide Operation Alert 1958 drill San Francisco Los Angeles San Diego and Sacramento were listed as wiped out by imaginary bombers. California towns joined a nationwide exercise rehearsing refugee handling and plans to check radioactive fallout.
MENTIONED IN THIS ARTICLE
San Francisco
Los Angeles
San Diego
Sacramento
U.S
California
Foghorns Considered To Replace Fire Alarms In Pittboro
Pittsboro town council weighs foghorn alarms to replace the current siren system. Two horns are installed for test as volunteers note that ambulance and police sirens blend with the current alert. Mayor W Lea Powell supports the change after a personal failed alarm left him to fight a blaze at home.
MENTIONED IN THIS ARTICLE
Pittsboro
N.C
W. Lea. Powell
Horse Claims Congress Pal
Rep Joel T Broyhill VA asks Army to retire Tony the Army's oldest living horse stationed at Fort Myer VA after 18 years service amid economy talk He pledges to push retirement funding in an Armed Forces supply bill noting the horse's gallant service and government ingratitude.
MENTIONED IN THIS ARTICLE
Washington
Tony
Army
Congress
Joel T. Broyhill
R-Va
Val
Ft. Myer
Broyhill
A. T.mcnamara
Army Quartermaster 'S
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Niles
Albuquerque
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Massachusetts State Police News
Financial News World
Elmer C. Walzer
United Press Financial
Founders Savings Resources Climb
Baty Bevin
Knight
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Colorado
Gardena
Daw
É7th
BBC
James J. Metcalfo
Ren
Valparaiso
Maya Mathew Luckenbach
Bostos East” Bay
Mandeville
P. Ti
Manila
Yokoham
la Beeen Havre
L.A. County
Congress Pal
Kraski's
Foothill ‘Blyd
OPIN
Ralph
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General’ Electric
1625 Gastro-St