Public Skepticism Grows Over Corporate Financial Reports
The piece notes widespread doubt about half year profits and the clarity of income statements. Maurice H. Stans urges transparent reporting to avoid artificial shifts in income. Stockholders show low engagement and many say reports are hard to understand or manipulated by accounting methods.
MENTIONED IN THIS ARTICLE
New York
Journal of Accountancy
Maurice H. Stans
Alexander Grant & Co
Stans
Ben
Controller Foundation
Foundation
Railway Issues Lead Security Market Gains
NEW YORK Aug 20 Rail way issues paced a rising stock market today Southern Pacific supplied much of the motive power with a four point jump at one time on news of a boosted dividend. Gains elsewhere ranged from fractions to about two points. Turnover above recent slow sessions but not large. Sales for the day around 700000 shares versus 580000 Thursday. Higher prices were paid for
MENTIONED IN THIS ARTICLE
New York
Southern Pacific
Livestock Markets Report From Chicago Hustled Slump
Aug 20 Chicago hog prices reversed yesterday gains with hogs 50 cents to $1 lower. Hogs top at 31.50 with feeders to 29. Cattle steady vealers weak. Choice steers scarce 32 to 37.50. cows 25. Bulls to 82. Lambs steady. Western cattle absent. calves 30 to 40. Stocks: rail and industrials mixed amid dividend moves, CAB fare plans, and ongoing market caution.
MENTIONED IN THIS ARTICLE
Chicago
Union Meenyeeas
Lowenstein Son
Ack Trucks
Bond
Fet Star Bat
Macy RH
Borden Co
Elgin N
Magma Copper
NG i & Tates Ge A
Emer
el M
Maracaiboa
I. Braniff Airw i
Em R & P
MarathonCor
Brige Bras
Empire D
MarineMid
Griges Mfg
Endicott J
iErie
Marabail Field
Brown & Bige
Vane Pr
Martin-Parry
Budeee
Mathiesachem
nChey Secteenees
Buffalo Forget
Fairloks Mr
Maytag
Vise
Buffia el
Fajardo
McCall To S Be Fee Burl Mills
Falstaff
McIntyre
McKess&Rob
Pure Ae
Butte C & Z
Melville Hoe
Byrom Jack
Ole Jack Firestone
Cope
Pranctseo
Carrier
Corp
Mochayek
Sagres
Bee Caterpiy Prac
loaguRt Skog
Ersesences Snto
MontamWa
Gaylord
Gen Am Inust
Gen Am Trans
Motorola
Gen ‘Baking
Cent Aguirre
Nee Brana
Gen Motors
P&f
Aviat BS
Peas
Cenese Chicago Corp
Nat Itv Br
Gillettesr
Dent Stra
Chmsp&pac
GimbelBros
Nat Distillers
GliddenCo
Enam
Chi & NW
GoebelBrew
Gypsum
Boston Fund Inc
Bullock Pond
Vest Co Am . Chemical Fund
Comwith Invest
Diversified
Inv Inc
Angles cattle market notes and weekly receipts
Aug 20 cattle market report shows receipts for the week at Angles with figures for steers cows and hogs. Prices range from 23 to 31 dollars per cwt, with bulk market around 31 dollars and quality descriptions from medium to good.
MENTIONED IN THIS ARTICLE
Angeles
Seiebie
Butter and Egg Market News Los Angeles Report
Federal State Market News Service notes butter price fluctuations and egg wholesale rates in Los Angeles. The fragment mentions Grade 7 butter, egg cartons, and varied weights with references to leghorns and Austrawhite stock, but data is incomplete and partially garbled.
MENTIONED IN THIS ARTICLE
Los Angeles
Austrawhite
Ibs
Grain Markets See Mixed Declines on Chicago trading day
Chicago grain prices eased with corn dropping to about 1.88 per bushel as the market favored the downward route. September wheat fell to around 3.21, with December and November futures mixed as traders priced supply and demand signals in a volatile session.
MENTIONED IN THIS ARTICLE
Chicago
Stock Market Ticker and Closing Figures From Trading Day
A dense listing shows NYSE transactions and sales across many firms including Am Can Am Exp and Kraft as well as large industrials such as Aluminum and Copper producers. Readouts include closing prices and percentage changes with a comparative table against prior days and yearly totals.
Market Averages Mixed Amid Broad Stock Rally
The Dow Jones and related indices show a choppy session with several blue chips like Boeing and General Motors advancing modestly while others drift. Investors weigh industrials, transport stocks, and a raft of diversified funds amid a fluctuating trading day.
Investment Trusts
A terse dispatch on investment trusts outlines developments in financial instruments, noting regulatory considerations and market activity. It mentions key entities and locations in a concise briefing suitable for a business page.
Shell Oil completes five new wells in California fields
Shell Oil reported five new wells completed in California fields in the past week with another producer recompleted. Producers include Coalinga and Capitan wells with varied yields. Taylor wells at Ventura and Alamitos No. 50 in Signal Hill cementing 95 percent casing. E C Brown, head of Brown Drilling Co., traveled to the Atlantic coast en route to Arabia. Oil activity and refinery data for California summarized.
MENTIONED IN THIS ARTICLE
Shell Oil
Kummer
of Washington
Alamitos No. 50
Signal Hill
Shell
Alamitos Heights
Seal Beach
Brea Canyon
American Association of Oilwell Drilling
Atlantic Coast
Arabia
D— Ing
Brown Drilling Co
Long Beach
Brown
California
Association
Lakewood Country Club
Republic Steel Fights For Government Furnace In Cleveland
Republic Steel Corp officials pressed to obtain a government owned 28 million dollar blast furnace in Cleveland. Kaiser-Frazer vice president Edgar Kaiser said lease would remain, and the firm plans to move in September 1. Both sides said they reached no conclusions after an all day conference and would resume talks next week.
MENTIONED IN THIS ARTICLE
Cleveland
Republic Steel Corp
Kaiser-Frazer
Edgar F. Kaiser
K.F
Republic
Over the Counter Securities Includes Insurance and Banks List
A garbled over the counter securities list shows insurance stocks including Aetna Fire American and Fireman's Fund along with casualty and trust names. Banks and trust names feature Bankers Trust Irving Trust Chase National Chemical Trust Guaranty and more. Percent figures and ticker fragments appear irregularly amid the long listing of companies and bonds.
MENTIONED IN THIS ARTICLE
Aetna Fire
American Enquit
Amer Ins-Newark
Cont Casualty
Fireman's Fund
Firem
Ins-Newrk
Founders Fire
Gleng Falls
Great American
Hanover Fire
Manen
North River
Providence-Wash
Westchester Fire Banks & Trust
Bankers Trust
Manhat Chase National Chemicalete Trust
Guaranty Irving Trust
Manufacturers
Trio
National City Coast
Amer Nee Bk
Fas
Ars Berkshire Oe
Oregon
Pwr
M&m
Macott
Milliron
Minn & T
Mission
Ind India
U Enamera Airmotive
Pac Am Invest
Pace Mutual
Packard Bell
Imanente Cem
Puget Ua Pale i
New York Bond Market Report From Associated Press
Sales in thousands across class bonds show activity for banks utilities and corporations. Notable entries include Am T&T 5s 878 04 and various 2s 3s and 4s with today’s quotes and percentage figures, reflecting mixed moves across industries in a volatile market.
MENTIONED IN THIS ARTICLE
Associated Press
Tae Bk R&d
T&t
B&o
Ae Rai
Émsp Pine
P Inc
Treasury Report Shows Aug 18 Balance Compared to 1947
Treasury figures indicate receipts totaling 130.58 million and expenditures of 107.60 million for August 18. The fiscal year receipts reach 3.84 billion with expenditures at 4.82 billion, outlining a deficit position and noting customs receipts and foreign accounts amid complex line entries.
MENTIONED IN THIS ARTICLE
Washington
Emg Previn Sabi
Foreign Exchange Rates Opened Window on Markets
New York August 20 reports show Canadian dollar at 92.62 cents with a cent discount. Britain’s pound quotes at 4.03 dollars with 30 day futures at 4.63 percent. Additional figures include Mexican peso at 14.66 and other minor currency shifts noted in the tabulated market summary.
MENTIONED IN THIS ARTICLE
New York
Britain
Sieden Ie
Tanc), 5.76, off 04 of @ cent. apehanethetsy
Hay Prices and Grain Specs Reported in Local Market
Market notes show hay prices with a No 2 grade at 29.06 per unit and No 1 oats listed at 35.0, alongside a reference to a figure 438.000 in the local grain summary.
Oklahoma Oil Operators Add 79 Locations Last Week
Oklahoma oil operators added 79 new locations last week with 91 wells completed as producers and an initial flow of 776 barrels per day. The report highlights activity across fields and producer starts for the period.
MENTIONED IN THIS ARTICLE
Oklahoma
Earnings Report Highlights Mixed 1948 Half-Year Profits
New York figures show Pat Cantasy shows six months ended June 26 with net earnings of 6.5 million dollars or 65 cents per share, vs 4.7 million and 7 cents a share a year earlier. American Stores and Marathon results cited, with notes on tax provisions and timber sale gains affecting totals.
MENTIONED IN THIS ARTICLE
New York
Pat
Reatreth Cantasy Oesilm Corp. Bsidiahaver Sancohdeten
Emare
Os — Ationa Eaters Corp. Rearatre, Inc
Vagatasteo
Peakantio Producing & Refini Co
wiGhtionat
American Stores Co
Noa
Serapies Local & Paper Co
Youth on motorcycle injured in Anaheim St collision
David W. Kett, 17, of 1310 Bennett Ave., sustained a sprained right wrist and head lacerations when his motorcycle collided with a truck at Anaheim Street and Redondo Avenue. He was treated at Community Hospital. The truck was driven by Robert P. Litchy, 59, of 1037 Ximeno Ave.
MENTIONED IN THIS ARTICLE
David W. Kett
Bennett Ave
Anaheim St
Redondo Ave
Community Hospital
Robert P. Litchy
Ximeno Ave
Cow Thief Moves Fast Sells Loot
Deputies probing the Jersey cow theft from near Orland B. Taylor's home in Paramout identify the animal sold to the Los Angeles stockyards by an unknown person. The loss concerns Taylor, age 31, of 17149 S Passage Ave. The suspect remains at large.
MENTIONED IN THIS ARTICLE
Paramount
Sheriff's Deputies
Orland B. Taylor
S. Passage Ave
Los Angeles
Rail Revenue Up in July As ARB Estimates Rise
The Association of American Railroads reports July railroad operating revenues up 18.2 percent from July 1947. Freight revenue climbs 21.9 percent, while passenger revenue increases 1.5 percent.
MENTIONED IN THIS ARTICLE
Washington
the Association of American Railroads
Citrus Market Prices Weaken as Lemons Fall Slightly
Los Angeles citrus market report shows lemons easing while grapefruit remains steady and oranges trade around mixed per box and per size. San Joaquin Valley listings and Sunkist first list figures indicate small declines, with local lemons near four to five dollars per box and various sizes priced between two and six dollars.
MENTIONED IN THIS ARTICLE
Los Angeles
F.S.M.N
San Oquin Valley
Slifornia
Sunkist
Trend of Staple Prices in New York
The Associated Press reports a weighted wholesale index of three staples at 187.30, down from 187.75 the prior day and lower than last week’s 188.89. The series, based on a 1926 average of 100, tracks movements against months and years, with mixed readings across commodities.
MENTIONED IN THIS ARTICLE
Californ
New York
The
Associated Press
Markets at a Glance in New York Trading
Markets at a Glance shows irregular activity in cotton futures with liquidation pressures. Trading mixed with light volume across commodities and slight declines in cash cane prices noted. cattle prices hold steady amid uneven demand.
MENTIONED IN THIS ARTICLE
New York
London Stocks INDON Aug 7 Market Pulse
London stocks today show limited activity with traders citing mixed cues from global markets. Financials and mining shares moved modestly while inflation fears weighed on energy and tech sectors.
MENTIONED IN THIS ARTICLE
INDON
London
Tasos
Ganas
Irregular Cotton Futures Amid Slow Market in New York
New York cotton futures showed irregular, slow trading with scattered selling tied to reports of textile price easing. Buyers awaited firmer futures for hedging and officials noted potential government loan use by southern ginners. prices drifted with mixed daily highs and lows around 30 cents and 31 dollars per bale, amid ample storage and concerns over next year’s supply.
MENTIONED IN THIS ARTICLE
New York
Tte
Also Mentioned on This Page
Itoday’s Business Mirror
By Sam Dawson
Nickel Plate
Santa Fe
Southern Railway
Illinois Central
Central of N. J
U. S. Steel
General Motors
Chrysler
Goodrich
Lockheed
Phelps Dodge
General Electric
Allied Chemical
U. S
New Haven
Babcock & Wilcox
Republic Steel
McCord Corp
Cities Service
Colt
Association of American Railroads
Civil Aeronautics Board
Berlin
Wall Street
New York Stock Exchange
Acme
Man
Naa Multai
Clark Mip
Admiral Bo
Oh Air Reduc
Alaska Ju
Limax
Tobac
Wes Oe
Ou & i
Icom
L&s
Corning Glass
Coty Inc
Tt Reca
I Crane Ce
Andes
Crown Zeller
jArch Dan
Dopf
Armco St
Crucible Steel
Armour_& Co
Cuba
Cunning Drug
Kurtis
B .F. Hutton & Co
T&sf
ATF Inc
Dana Corn
Cc Att Fefip
Davison Chem
Kayser
Ihangoy
Atlas Corp
Deere Kou
Illumb Clark
Rudir Ge
Bublicke Er
Ind
Om & E Toy
Ecco
Devoe
Bali & Ohio
I ‘Dia Mateh
Milane Wells
Lees & Son
Bang & Ar
Pist Co Sea
Lehigh C&n
Geaker Son Barker Bros
Beaunit Mill
Dow Chem
Lerma Co
Beech Aire
Lehn
Yoestea i
Beecm
Dresser
Lerner
Yonter
Sineet Fglas
Beld Hem
du_ Pont
Lib Las
Bell Airc
Ism
Bell & How
Cauieaen
Bene India
Rem
Bes & T
Reo Motor
St St
Miratimeed Aire
Loew’s Inc
Lone Starcem
Lorillard
Omas
Studebak Co
Ee Sutherld
Sylvan el Pr
Tex Gulf
Rhatch
West Chem
OO Trigle Jr
Geeta Enith
Dow, Jones
By Emmet F. Riordan
E. C. Brown
S. ‘Walker F & Co
Bandinia
Bren Diamond Corp
Amer
Douglas Alreragt
Fitzsimmons
Foster & Kleiser CO Sccincussun
Ing Wensee
Holly
Jade Petroleum
Lane-Wells Co
Lincoln Pete
Eesuennsaannat Air Corp
Menaace
Merehante
Seereesesreeenes
Ese -Occidental Recopd Q
Pacific Clay Products Dinates Sn
Shell Unio
AEROS
Arencia Anacenie
Calif Edison
Eeneeeaereesets
Orig
BFS
Calif
Transamerica
Alaska
National Association of Securities Dealers, Inc
H&m
Ornard
I-K-T
Lor & E
Phil Zy
Piper Aire
Alaska Air
Alreon
Mfe
Fairchild E&a
Rome
Lywarv
Sal Il
Sam Ald Coal
Lenmore
Indus Perpow Ark Nat Gas
Borwin
Solar Aire Ashland Oj
Bolar It
Atlas Cow
Say &S
Karby Pet
GM Technicolor
Con Bisc Lakey Ph &M
Ah T Corp
Lt & Rys
United Stores Corp
Utah
Sug Develop
Menasco
Wright- Mid-West
Susan Ton
Hess
Bee
Sugie
Ogden Tepec Oil
Treasury Report
Sacbo
Southern Pacific Co
Lorillard Cities Service
National Steel
Ge James "Talcott Ltd
Millapaeet
Ohio
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