Hughes Tool Co and the Golden Gusher in the Hughes Empire
The Hughes Tool Co. dominates the drill bit market with a high earning, secretive empire built by Howard Hughes. It owns Hughes Aircraft, TWA stakes, and an air division, while fighting to reclaim control of TWA and leveraging patents against rivals like Varel Manufacturing.
MENTIONED IN THIS ARTICLE
Varel
Dallas
Dan
New York
HTNS
Hughes Tool
Forthet
Hughes
Howard Hughes
Trans World Airlines
Hughes Tool Co
East
Houston
Howard Hughes Jr
TWA
Howard Robard Hughes
Jean Harlow
Long Beach
Calif
RKO
Jane Russell
Tool Company
Hughes - Hawthorne, Inc
Hugh B. Williams Mig
Hughes Dynamics, Inc
Hughes Aircraft
Culver City
Howard Hughes Medical Institute
Retirement timing and stock guidance for aging investors
The advisor says United Artists stock is speculative and not suitable for retirement planning. Upgrade holdings by replacing Ast and Oil, Copper Range, Lease Plan, and Aldens with American Tel and Tel, Philadelphia Electric, Sterling Drug, and J C Penney. Series E Savings Bond matures in seven years nine months. extension possible though rate undecided.
MENTIONED IN THIS ARTICLE
Tel
Ast
United Artists
American Tel
Philadelphia Electric
Sterling Drug
J. C. Penney
Treasury Dept
Spear
Summer steel market shrugs off dip in record run
New York reports the steel market rebounded from a shallow summer dip with strong demand. Officials note only auto industry labor trouble could delay a new production record, potentially surpassing the prior 117 million ton benchmark by about 6 million tons.
MENTIONED IN THIS ARTICLE
New York
Iran
National Metalworking, Weekly
Tappan Co raises quarterly dividend to 35 cents
Directors of The Tappan Co Mansfield have increased the quarterly dividend on common stock from 30 cents to 35 cents per share. The dividend is payable Sept. 15 to stockholders of record Sept. 1.
MENTIONED IN THIS ARTICLE
Tappan Co . Mansfield
Small over-counter security dealer may be doomed
New York observers warn that small over-the-counter dealers face demise due to NASD reform, tighter quotes, and stricter reporting for unlisted stocks. Bigger firms and fledgling issuers may consolidate, while some smaller players fail to meet obligations amid changing rules.
MENTIONED IN THIS ARTICLE
New York
HTNS
National Association of Securities Dealers
Chase Mantan Bank
New York Stock Exchange
G. K Shields & Co
Comsat
Wall Street Not Facing Major Collapse Says Analysts
New York reports analyst James Dines does not foresee a major collapse and urges investors to stay invested with cash ready for a new buy signal. Newton D Zinder from E F Hutton notes the irregularity may be an interruption rather than the bull market end. William R White of Hornblower argues a brief indecisive period could bolster expectations of resuming the advance.
MENTIONED IN THIS ARTICLE
New York
UPI
James Dines
Dines
Newton D Zinder
E. F. Hutton & Co. Inc
William R White
Hornblower & Weeks
Controls tightening on savings and loan credit rules nationwide
New York reports the Federal Home Loan Bank Board issued a policy statement tightening credit controls for district home loan banks. The measure limits loans to member associations to expansion up to 174 percent of savings capital and targets high risk mortgage loans. Despite rising assets and record lending in 1963, foreclosures increased modestly with repossessed real estate at 0.4 percent of total assets.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal
Hamel Loan Bank Board
District Home Loan Banks
Savings and Loan
Association
United States Savings and Loan League
S&l
League
Fintube reports record orders and expansion gains
Brown Fintube Co members say orders backlog nearly doubles versus last year with July bookings breaking monthly records. Elyria plant hires noted as shipments rise 5 percent and six month consolidated output jumps 30 percent across parent, subsidiaries in Canada Mexico Switzerland and licensees in England Germany Japan. A 10 year license with John Lysagh phugtrais Ltd expands world coverage while Britain license renewed to 1568 and talks progress with a South American manufacturer.
MENTIONED IN THIS ARTICLE
Brown Fintube Co
Elyria
John W. Brown Jr
Canaa
Mexico
Switzerland
England
Germany
Japan
Brown Fintube
John Lysagh
Phugtrais) Ltd
Brown Fintube Ltd
Great Britain
South America
Hig
Counter market stalls with limited gains across sectors
The counter market showed little movement with minor gains in spots. Comsat fell below 39 losing about one point while Travelers and Connecticut General edged higher. Industrial issues were quiet with savings banks and utilities modestly firmer. NQB 35 industrials rose to 167.92.
MENTIONED IN THIS ARTICLE
New York
HTNL
Communications Satellite Corp
Comsat
Connecticut General
National Quotation Bureau
USW to discuss seniority items at Cleveland meeting
Local problems with seniority sections of United Steelworkers contracts will be discussed at a September 2 meeting in Cleveland. Representatives from 11 locals in Lorain County will attend. William McPhillips said the session will aid the Human Relations Committee in drafting proposals to replace sections in contracts next year. Notices originated from USW headquarters in Pittsburgh. The meeting starts at 10 a.m. in Parlor E at the Statler Hilton Hotel.
MENTIONED IN THIS ARTICLE
United Steelworkers Union
Cleveland
USW
Lorai
County
Willam McPhillips
USW District 28
Pittsburgh
Statler-lilton Hotel
Market Up but Not Out of the Woods
The New York market rose this week after an early dip amid higher volume and a sunnier mood, yet leaders were weak and uncertainty looms over the election period. Chrysler and GM hit new highs alongside Sunshine Mining Westinghouse Pure Oil Sperry Rand First Charter Financial and others, offering little confidence as investors seek special situations. America Corp trades near 24 with 80 cents dividend and 8 percent stock payout. 1983 earnings of 12 a share may rise to 22 a share, implying a price above 10 times profit.
MENTIONED IN THIS ARTICLE
New York
HTNL
Chrysler
General Motors
Sunshine Mining
Westinghouse
Pure Oil
Sperry Rand
First Charter Financial
Encephalitis Epidemic Eases in Houston
UPI reports Houston health officials say the encephalitis outbreak is easing as new cases decline and the epidemic slows its spread through the city health network and affected communities.
MENTIONED IN THIS ARTICLE
Houston
UPI
Also Mentioned on This Page
Golden Gusher’ Tool Firm
By Dennis Duggan
Army
ANN Light
William Zeckendorf
Laurance Hosefeller
Spyros Skouras
The
Vares
Monty’’ Montrose
Companiee
Amernal Cs
Atlas Corp
Hughes Medical Institute
Hughes Aircraft Co
Syncom
Uranium Company
Or Diversified Services, Inc
Oe Ay Sra
Caine
Milan Tabor
Roger Ek
General Features Corp
Western Reserve
Ohio
Western Reserve Inc
Cleveland Ave
Broad St
Ferrick
West Amherst
Ofto Elyria
Wellington
ORTO
Lake Ra
Avon Lake
INDUS
Industrials
Standard & Poor
By Ben Weberman
Aplinga
Star Ved
NASD
Associated Transport
Communications Satellite Corp.s
Dewers
Wall Street
Assur
Wille
Sc Inc
Geurses Bre Sa
FSCO
Saddinen
Nes Awinut Bk
New Brown
Tata A
Seton Las
aQel Paper
Univ
Zellebach
Garlincke
Miasor
Cerp
Torriniter Co AD
Trregular
Pierre R. Smith & CO
Elyria FA
Lofnin
R Central Bank
Lorain County
Tocal
Chronicle-Telegram
City Bank
Federal Deposit Insurance Corporation
Qakwomi Center
Pearl Rd
Lorain
Trive-In - Grove Avenue
Homewood Dr
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