Investors weigh consolidation amid broad stock list
An investment club considers narrowing its 20 plus holdings including General Motors Merck Halliburton Koppers Mack Truck and Reynolds Metals to reduce oversight. An advisor notes long term autos profits hinge on GM while urging careful, selective watch by a single member.
MENTIONED IN THIS ARTICLE
Sy Sam Suites
American Machine & Foundry
Marquette Cement
Merck
Sunray
Vanadium
Gulf Interstate
Halliburton
Warner Lambert
Koppers
Cutley-Hammer
Mack Truck
Suburban Propane
Reynolds Metals
Jones & Laughlin
Aautialia Wael
Mack and
Guilt Interstate
Culler
General Motors
Stocks and markets amid mixed commodity reports and investor questions
The excerpt reports Chicago grain and live stock quotes with receipts and prices on corn oats rye and poultry, plus wholesale selling prices. It includes a reader question about stock picks and a broker’s advice favoring long term sound investments over speculative bets in utilities.
MENTIONED IN THIS ARTICLE
Chicago & v
Brey
Waco
Chicago Produce & Poultry Src
Chicago
Bert Fe
Tata
Tomas
Bethe
Standard
N. J
Lectoper
Bethlicher
Beth Douglass
General Dynamics
Marketable Vegetables and Grain Prices From Growers Market
Investment Trusts market list shows crated avocados at 2.60 dollars and lettuce 2.75 per carton while greens and root vegetables span dozens and bushels with peppers 12 cents to 2 dollars a unit. A San Antonio grain market report lists corn shelled yellow 1.30 to 1.38 per bushel and new crop oats 60 cents per bushel.
MENTIONED IN THIS ARTICLE
Arizona
Louisiana
San Antonio
San Antonio Livestock Prices Mixed as Market Holds
Worth livestocks reports hogs steady with choice at 24.50 and mediums 22.00 to 23.50. Cattle and calves total near 950 with steers and yearlings 18.25 to 25.25, fats 12 to 18 for cannery and cutters. Sheep and lambs remain steady to strong with slaughter lambs around 20 to 23 and feeder lambs near 19. Yearling ewes bring 20.50 and two to three year olds about 18.
MENTIONED IN THIS ARTICLE
SAN Antonio Livestock Federal-State Market News Service
Schenley Industries Nine Months Earnings Rise to 2.25 a Share
Schenley Industries Inc reports nine months ended May 3 net income of 10,597,530, or 2.25 a share, up from 8,713,207 or 1.85 a share a year earlier. TXLOU Corp posts six months ended May 31 net income 1,593,366, or 0.29 a share, versus 2,295,939 or 0.43 a share a year ago.
MENTIONED IN THIS ARTICLE
New York
Schenley Industries Inc
Txlou Corp
Marijuana Plant Grows Large in California Yard
Long Beach Calif June 26 UPI Mr and Mrs Porter D Stewart reported a dark green garden plant that refused to bloom and a neighbor urged police. Detectives said the six foot marijuana specimen was among the largest they had ever handled.
MENTIONED IN THIS ARTICLE
Long Beach
Calif
UPI
Porter D. Stewart
Economy Over Hump Rough Six Months
New York dispatch reports the midyear economy showing a milder downturn than at year start. Industrial output is down 14 percent from a year ago while total output is 4 percent below its peak and living costs are up 3.3 percent. Farm belt fares well due to higher prices and good weather as stock prices near yearly highs. Borrowing remains ample but both firms and consumers curb new spending with many saving and paying debts, awaiting a possible rebound in late summer.
MENTIONED IN THIS ARTICLE
RepbAr
Goodric
Goodye PS
Ronson
AmCan
Wu G M&o
AmOyan
Gull Ory
Ty Sinclair
T&t
Kenner Ai
Batt Spergr
aArnicas Ia
TexsCo
Cri&p
Chrysler
Pan Ags
Une&f
H. Hentz & Co
Recint
Dow Jones
Ume&m
Carter
General Foods
Allied Chemical
NorPaq
Wil&Co
du Pon
Babcock & Witcax
Zenith R
Pfizer
Bethlehem
Philaki
Fenner & Smith Fairman
Pierce Fireston
Sal
Washington
U. S
I’sas
Ft. Knox
Anderson
White House
Debates Over Alaska Statehood Rise in Senate
The Senate debates Alaska statehood amid calls to speed the bill's passage. Senator Kennedy touts Alaska as a democratic model, arguing statehood would aid international affairs and align with economic realities. No amendments had been offered as votes were aimed for Friday or Saturday.
MENTIONED IN THIS ARTICLE
Senate
Kennedy
Alaska
Sen. Jackson
D-Wash
sToday
Jackson
Federa
Tomatoes Collapse in Bremond Texas Market
In Bremond Texas on June 26 farmers face a collapsed tomato market as prices fall to 2 cents a pound, with some growers feeding produce to hogs. Roadside stands sell at 5 cents a pound, well below the usual 4 cents the season brings. earlier Rio Grande Valley shipments fetched up to 50 cents, sparking declining demand.
MENTIONED IN THIS ARTICLE
Bremond
Texas
Rio Grande Valley
Solon Backs School Aid in Defense Related Cuts
Senator Yarborough told the senate education and labor subcommittee that the Eisenhower administration is retreating from responsibility by phasing out federal payments to local school districts burdened by national defense. He introduced an amendment to restore funds cut from the bill to cover costs of educating children of parents who live off military posts, joined by Senator Pastor. Superintendent J. M. Hanks of Ysleta testified about funding losses affecting military bases in El Paso and the Texas region.
MENTIONED IN THIS ARTICLE
Washington
Sen
Yarborough
Texas
Senate Education and Labor
Eisenhower
National Defense
Sen. Pastor
D-Ri
J. M. Hanks
Ysleta
el Paso
Lifelong Exercise Protects Heart More Than Brief Training
San Francisco June 26 A University of Kentucky doctor says long term physical activity, not short athlete training, guards against coronary attacks. Dr Ernest Jokl cites studies of lumberjacks, laborers, and mountain guides in multiple countries showing sustained activity preserves fitness, health, and vigor into older age.
MENTIONED IN THIS ARTICLE
San Francisco
University of Kentucky
Ernest Jokl
Assa
Jok
Finland
Great Britain
Switzerland
Jokl
Crackdown on Union Set by Monitors in Major Clean-Up
Washington monitors led by labor lawyer Martin F. O Donoghue launched a nationwide clean-up of the Teamsters to reform James R. Hoffa s scandal rocked union. They target locals in New York Philadelphia and Springfield Missouri and vow to purge corrupt officials while Hoffa heads to a national executive board meeting. The effort follows a push for tightening control amid wiretap conspiracy charges and a looming foreign aid bill debate.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
O'Donaghue
Senate
House
Florida Man To Head AMA
Dr Louis McDonald Orr a neurologist from Orlando Florida was unanimously voted president elect of the American Medical Association in San Francisco He will take office at the Atlantic City convention in June 1959 There were no other nominations.
MENTIONED IN THIS ARTICLE
San Francisco
Louis McDonald Orr
Orlando
Fla
American Medical Assa
Atlantic City
Farm Debate Opens as House Sets Wide Farm Bill
Washington June 26 House leaders moved the broad farm bill to debate though sponsors warned passage was unlikely without drastic revision. Rep Cooley said a substantial change was expected with final voting slated for tomorrow. Republicans offered a substitute limited to emergency extensions of programs due to expire June 30, including the agricultural trade development act and the school milk program.
MENTIONED IN THIS ARTICLE
Washington
House
Rep
Cooley
House Agriculture Committee
Democratic Farm Forers
C of C Backs Trade Measure for Five Year Extension
The U S Chamber of Commerce backs a five year extension of the reciprocal trade law saying the United States, as the world’s greatest trading nation, gains from foreign trade and must maintain strong negotiating authority. A chamber official told the Senate Finance Committee the nation has a major stake in preserving bargaining power.
MENTIONED IN THIS ARTICLE
Washington
U. S. Chamber of Commerce
Chamber
Senate Finance Committee
U.S
Orser
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Wall Street Tips
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By Sam Dawson
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