Market Stir Rises as Blue-Chip Stocks Lead Weekend Trade
New York UPI reports stocks held a tight range amid weekend trading with high priced International Business Machines up about four points to near 454. Major firms such as General Time, Litton Industries, American Home Products, Norwich Pharmacal, General Tire, and American Machine & Foundry rose in a firm motor group. DuPont opened up 14 points but receded, Union Carbide gained slightly, rails mixed, while Consolidated Cigar, Hammond Organ, and Vick Chemical saw notable declines.
MENTIONED IN THIS ARTICLE
New York
UPI
Brunsswick-Balke
Warner Lambart
Zenith
General Time
Litton Industries
American Home Products
Norwich Pharmacal
General Tire
American Machine & Foundry
American Motors
DuPont
Union Carbide
Wall Street Chatter on Stocks and Earnings Outlook
Wall Street chatter notes mid winter to early spring stock consolidation with limited pain. Analysts cite split candidates including Arkansas Louisiana Gas and Goodyear Tire while projections show 1954 earnings rising to 3.00 to 3.50 per share from 2.19 in 1953. Universal Oil Products may have a 12 cent dividend, with higher dividends seen as likely.
MENTIONED IN THIS ARTICLE
New York
UPEY
L. Q. Hosper
W. E. Hutton & Co
William R. White
Hornblower
Weeks
Arkansas
Louisiana Gas
First National Stores
Goodyear Tire
Minnesota Mining
National Steel
Riddistdni
Sherwin-Williams
A. S. Steel
Slaes
Dean Witter & Co
Dra Haut & Co
Universal Oil Products
Stock Listings and Officers Named by United Employers
Sacramento report notes federal approval for early construction of the Benicia Martinez Bridge. UPI says Sen. George Miller Jr. announced that the Department of Public Works secured permission in Washington to move the bridge and its approaches through the Benicia Arsenal, enabling an anticipated sale of $34 million in revenue bonds to finance the project. The item also lists market quotations and officers connected to various companies and exchanges.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Benicia-Martinez
George Miller Jr
D-Martinez
Department of Public Works
Washington
Benletn Arsenal
Miller
Beer Cans to Hit Record 3.8 Billion This Year
U S beer can production is set to climb to about 3.8 billion this year, marking a percentage increase over 1958. The rise reflects growing demand and expansion in can manufacturing across the United States, with industry sources predicting continued growth into 1959.
MENTIONED IN THIS ARTICLE
Milwaukee
United States
Critics Blast New Boost In Interest Rate
Washington reports that the Federal Reserve raised discount rates from 3 to 3.4 percent, effective now, tightening credit for ordinary borrowers. Congressmen Patman and others deride the move as favoring banks, risking inflation control and disadvantaging small business and municipalities.
MENTIONED IN THIS ARTICLE
Washington
UPI
Congressional Celtics
Federal Reserve
Nok Bank
In Gatton
New York
Chicago
St. Louis
Minneapolis
Dalkis
Wright Palmen
Dtex
House Smail Business Committee
Calleey
Syas
Patan
Patman
Vermont Ruminator Expects Uptrend
New York based financial writer Humbrey B Nell discusses market psychology and the persistence of rising trends. He argues demand from consumers and investors sustains gains, while credit conditions remain supportive. He also champions contrarian thinking to better interpret news and Kremlin messaging.
MENTIONED IN THIS ARTICLE
Humbrey B. Nell
Vermont
Neill
Ife
Neall
U.S
Kremlin
Khrushcchev
Shipping Report DUE TQ ARRIVE Byrd Esgle and Others
Shipping list shows arrivals and departures with multiple vessels such as California Bear from Los Angeles, Hawaiian Packer from Honolulu, Sado Maru from Yokohama, Gen Hugh I Gaffey from Singapore, and more. Entries include ports like Portland Vancouver San Diego Manila and Yokohama with scheduled dates in May. Some lines are garbled but indicate vessel names, origin ports, and ETA windows including May 23 May 11 May 29 and May 30.
MENTIONED IN THIS ARTICLE
Byrd Esgle
Puten
Edward Luckenbach
Lawak
California
L.A
Hawaiian Packer
Honolulu
Yokohama
Hugh I. Gaffey
Fleatwood
Pusan
Mason Koike Maru
Japan
Margareta
Haw Crock
Sat
Chasiine Maersk
Japa
I Seeanet
Foon
Pstello Maersk
P.m. Pusan
Hindustan
Gua Tal Ping
Pim
Manila
Torsten
Portland
Kokyo Maru
P.m
Poker Voyager
Jeane Shogkton
J. M. Dant
Los Angeles
Haxialugionl Court
Pres. Tyler
Nsc-Gakk
Angeles
MH Ikikike
Mary — P.m. YokaNama O
California Holiday Weekend Weather Preview
Statewide forecast shows fair and warm Memorial Day weekend in Northern California with coastal morning fog patches. Central Valley readings near 80 degrees. San Francisco around 50s to 60s in low temps, Los Angeles about 72, Needles at 93. Highs slightly below late May normals.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Callifornia
California
San Diego
Central Valley
Kurela
Los Angeles
Needles
Temperatures Far n Wide
Weather bulletin reports diverse temperature readings across Southern Alameda County with varying highs and lows. Residents should expect notable regional contrasts and heed local advisories as conditions change through the day.
Remodeling At Penney's San Leandro Store
A $90,000 interior remodeling plan for the Penney Co at 1291 Washington Ave San Leandro was announced by manager John Nelson. The project includes air conditioning a new lighting system updated merchandise layout and an open-area merchandising design. This marks the store's first major renovation since 4 or 5 years ago.
MENTIONED IN THIS ARTICLE
San Leandro
7. CG. Penney Co
Washington Ave
Penney
John Nelson
Nelson
PG&E Substation Project Drives Hayward Growth in 1st Quarter
Pacific Gas and Electric's Eastshore Substation project in South Hayward totals $344 million and stands as two thirds of the Chamber of Commerce's January to April industrial activity. The period notes 67 new hires and a $35.5 million investments in new industries and expansions. The substation will be a distributed automatic center near Eden Landing and Arden. Also announced is IH L Winfrey’s warehouse development at 1008 West Winton Ave costing about $250,000 and planned within 60 days. The March to April period records $232,800 in commercial growth from Maynard building permits. county permits for Hayward area are listed.
MENTIONED IN THIS ARTICLE
Pacific Gas and Beetle Company
South Hayward
Chamber of Commerce
Jacowlh
Eden Landing
IH. L. Winfrey
Ciaht
West Winton Ave
City of Maynard
Hayward
Bank Night At Trade Club In San Leandro
SAN LEANDRO More than thirty area businessmen are set to attend a slag evening of the Southern Alameda County Trade Club Monday at the County Fairgrounds near Pleasanton. Nineteen banks from Hayward Livermore San Leandro and other cities are hosting the clubs sixth annual bank night with a social hour dinner entertainment and prize awards from 4:30 pm to 9 pm.
MENTIONED IN THIS ARTICLE
San Leandro
South County
Alameda County
Pleasanton
American Trust of
Hayward
Livermore
Bank of America
Day Fair
Castro Valley
Puret and Merced
Bank of California
San Lean
Also Mentioned on This Page
Business Review
Wall ST. Chatter
Employers
Newridge
Kennecott
eulton& Kerr-McGee_ att
Kimberly-Clark
Steeley New York Lant Marlin Co
Robley
Bteel
James Allen
Pactfic Electric If
Motor Co
Oakland
J. Kern
Hamilton
Jones-Hamilton Co
Sash
Newark
R. F. Bueermann
WearEver
Aluminum Ca
Markham B. Mapp
Harmon Harvard
lFloward
George Keffer
Crocker-Anglo National Bank
W. ReAbee Ledgett
Pioneer Sawdust
Joland Depul
C. Wy. Lesser
Baie Morton Salt Co
Kiig C. Litleureux
Safeway
R. E. Merritt
Coast Mig. & Supply
Stock Exchange
W. Newell
Union W2 Diesel Engine Co
Guy Shafer
Eanamlen
Barcont Fs
Guy's Drug Stores
Gus Thaler
Geawell Colliert
Chas H. Woessner
Boxenatt
Balrchuaera 4 Fiber Box Co
Jenerel
Trancifer
Anfcateer
R. P. Bron
Egg Market
Commonwealth Canada General
Fundamental
al Troup Sec
Atock
Institutional Grow Incorporated Investors
Tab Institutional Insurance
Masa
Towth
Maas
Inv
Truat
Elec. Fund
William Streat
American Marte
Sde
Witiotanaie
Bore Holdings
Tcallins
Enel
McCullinan
Wight
Ireman
Broilers
Jatapar Ag
Eal Jorgensen Es Steel
Koehring Corp
Eas
aBe
Pauley
Pete
Fims Lampae
Andere Assoc
Dru
Tom
U. S
Siesta Patios
E. Ayes
Ruminator
Shipping Report
Hayward Plastics CO
Gordon Cotton
City
John Nail
Cotton
Southern
Anyward
Niles BR
Inioy City
International
Rafa
Albuquerque
Atlanta
Bakersfield
Boise
al Boston
Brownsville
Denver
Detroit
Fairbanks
AL Fort Worth
Fresno
Helena
Kansas City
Miniat
New Orleans
Oklahoma
Phoenix
Pittsburgh
Red Bhitt
Reno
Ami Sacramento
Salt Lake
Seattle
Spokane
Penney’s
Berkeley
Eto San Lea
Hte Dal
Jon Taemirm
East 14Th Street
Pg&e
Bank
University of California
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