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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 04, 1957
Page
13
New York markets opened with higher tone to early trading as steels led a modest advance amid a mixed session. The report notes prices to farmers and various poultry and livestock references while the overall market shows uneven activity.
The week’s average of 100 stocks closed lower signaling ongoing weakness. Analysts note lack of bids, reduced liquidity, and selling on rallies, with public demand waning. Despite some gains in big names like Bethlehem and U S Steel, overall profit margins fall and dividends drop, steering investors toward steadier sectors.
Cleveland dated note reports Steel magazine calling this a record year for steel production and metalworking. The latest month shows gains on half of 32 indexes in its business trend department, with 17 indexes higher than a year ago. Corporate call listed.
Bexar County negotiates to purchase the three story county election center at 403 W. Nueva from Builder Morris Kallison. Kallison quotes cost plus 10 percent with option to buy, with County Commissioner Lamorcie stating 40 percent deal if county proceeds. Decision aims to alleviate crowded county offices.
A San Antonian was in city jail Monday awaiting payment of traffic fines totaling 85 dollars. Obituaries list Richard Algavallo, 19, of 1255 Jewett, linked to a negligent collision case. The report includes various death notices, funeral details, and local building stat rankings for 1956 with per capita values and regional comparisons. Related notices cover services, interments, and local church affiliations.
Word of Mrs E W Winans death reached Monday. Services are set for 5 p m Tuesday at First Baptist Church Poteet and 4 15 am at Old Books Church Somerset. Interment in Somerset. She was daughter of Ure Jale Alfred Gates, an Old Trail Driver, organizer and past matron of the Eastern Star of Poteet. Survivors include daughters Mrs Joe Wool and Mrs C L Eckels of San Antonio, son D E Winans of San Antonio, plus grandchildren and great grandchildren.
Edgar Kaplan of New York City captured the life master national individual contract bridge championship after a five round event sponsored by the American Contract Bridge League. He finished with 394% points. Final placers included Edward Karchmer second, Robert Israel third, Charles J. Solomon fourth, and Truesdale Clarke fifth. Phillip Fettlesman won the senior masters division with 600 points, followed by Herbert Deri, D. Hoover, Harlow Lewis, and Manuel Goodman.
Washington Feb 4 About 4 000 000 in U S cattle was purchased by Mexico through December under a 3 000 000 export import bank loan the loan granted Oct 16 covers beef breeding cattle and some dairy stock about 14 800 head were contracted for 3 050 000 with purchases in Texas New Mexico Arizona and Colorado
The San Antonio district added 103 new businesses in 1956, each employing at least four workers. Seven started in December, including an auto dealer, a cafe, and a boat dealer in San Antonio, totalling 34 workers. Victoria added three, Bueville one. State-wide 981 firms started, employing 19,639 people. Dallas led with 254 firms and 2,783 workers. Houston added 7,059 jobs from 140 firms.
Two Moody AFB officers died when their T 33 jet trainer crashed near the field during navigational training. The pilots were Lt. James Tharpas, 29, and Lt Ralph E Delanty, 23, both killed in the February incident at Valdosta Georgia.
Dow Jones New York report notes mixed market moves with small gains and losses. Traders weigh earnings and inflation cues as the session shows uneven daily activity and modest turnover.
Earnings review shows a mix of results across firms led by Pilbara Steel with 1088 earnings, per-share figures around 2.28 and net income milestones. Several companies report yearly income changes, including Gull Produiting and Acme Sipesco, with varying per share outcomes and regional ties.
New York reports plans to submit a proposal for a $100 million fashion center in Manhattan to the Board of Estimate. The item notes pipeline stacks and land sales involving Latice Gas and the firm Rauscher, Pierce & Co. Inc.
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