Market and corporate brief from ticker tape highlights
Steel prices rise by about 6 a ton with wage and benefit boosts for 700,000 U S Steel workers. Greyhound consents to government decree. Intertype joins Harris-Seybold as Harris-Intertype. U S Zinc mine and Corpus Christi zinc plant cut production. Wyoming Uranium stake acquired by Phelps Dodge. Banks report 29 million rise in business loans. Dept store sales up 9 percent year over year. Lockheed forecasts 1957 aircraft revenue near 8.6 billion. Burlington profits expected to match prior year. Soft coal output slightly down. Southern Company earnings projected 1.60 to 1.65 per share. Continental Can first-half net expected below prior adjusted period.
MENTIONED IN THIS ARTICLE
Greyhound Corporation
Intertype Corporation
Harris-Seybold Company
Harris- Seybold
Harris - Intertype Corporation
George S. Dively
Harris-Intertype
American Smelting and Refining Company
Corpus Christi
Texas
U.S
Phelps Dodge
Wyoming Uranium Corporation
New York City
New York Federal Reserve Bank
Federal Reserve Board
Robert E. Gross
Lockheed Aircraft Corporation
Burlington Industries
Wall Street Journal
National Coal Association
Southern Company
James F. Crist
Continental Can
Lucius Clay
Monroe Skies Today
Visible celestial details for Monroe include Venus setting at 8 18 p m and Jupiter low in the west. Mars lies between Venus and the Moon with Saturn in the southwest and a prominent Arcturus in the west. The schedule notes late evening events and a July 4 marker.
MENTIONED IN THIS ARTICLE
Monroe
Wegodsee
S. Certs
Arcturus
Venus
Mars
Jupiter
Saturn
Ouachita National Bank La. 1957 Balance Sheet Figures
The Louisiana Ouachita National Bank balance sheet filed with the Comptroller of the Currency shows total assets of 40 908 302 86 and deposits totaling 38 128 840 79. Major items include loans and discounts 15 435 563 05, cash and reserves 11 735 648 01, and stock capital 1 100 000 00.
MENTIONED IN THIS ARTICLE
United States
Federal Reserve Banks
Senate Panel Moves Bill to Protect FBI Records
A Senate judiciary subcommittee unanimously approved an administration backed bill to preserve confidential FBI files in criminal cases. The measure would require pretrial review of FBI reports and allow redaction to prevent mistrial, amid Attorney General Brownell urging swift action to curb a potential miscarriage of justice.
MENTIONED IN THIS ARTICLE
Washington
Senate
FBI
Herbert Brownell Jr
Supreme Court
High Court
Full Committee
PUMP FOR U S BUSINESS RFC Breathes Last Gasp
The Reconstruction Finance Corp. ends its 22 year run today after guiding American business through the 1930s and wartime needs. RFC began January 22 1932 under Herbert Hoover, with 500 million capital and borrowing power, injecting tens of billions into banks, industry, and consumer markets. Its functions end as Eisenhower plans final abolition with liquidation to continue for years.
MENTIONED IN THIS ARTICLE
Washington
Reconstruction Finance Corp
RFC
Herbert Hoover
Congress
Treasury Department
Eisenhower
Treasury
Also Mentioned on This Page
U.S. Steel Corporation
United Steel
U. S Steel
U. S. Steel
THE
Ouachita National Bank
Louisiana
Comptroller OF
U. S
Aneee
T. C. Standifer
Hank
T. C. Stendifer
Henry Biedenhorn Jr
Www. C. Foulk Murray Hudson
State of Louisiana
Parish of Ouachita
Mathylde R. Young
John F. Williams
Lackland Air Force Base
Lackland
Williams
Jesse Jones
Eugene Meyer
Federal Reserve System
Washington Post Co
National Zoological Park
Washington, D.C
Mamie van Doren
Rowena
S.C
Aron Pharmacy
Louisville
Dacron Rayon
Dacron
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