United Aircraft Sales Edge Wall Street In March Quarter Rebound
United Aircraft Corp reports first quarter 1958 sales above 300 million dollars, up from 298 million in 1957. Net for 1958 likely slightly below 1957 due to higher engineering and research costs. The company cites a 400 million dollar commercial backlog and ongoing missile and rocket development plans. Stockholders approve a supplementary retirement income plan.
MENTIONED IN THIS ARTICLE
United Aircraft Sales
Wall Street
East Hartford
United Aircraft Corp
H. M. Horner
Horner
United
American Can offers set of debentures and mutual funds
American Can Co announces an offering totaling 80 million dollars of Canada General Fund sinking fund debentures due 1988 and related mutual funds. Underwriters led by Morgan Stanley oversee distribution after SEC clearance. first five years non refundable. Sinking fund plans retire 80 percent by maturity.
MENTIONED IN THIS ARTICLE
Decey & Associates
New York
Atomic Development Fund
American Can Co
Canada General Fund
Commonwealth Investment
Faton & Hard
Nene
Morgan
Undiamenta Mvestorg
Ana
Stanley & Co. and Clark
Dodge Mass
Grth Fk
2& Co
Mass
Investors Trust
SEC
Wellington Fund
Seagram Debentures Offered With 4.14 Percent Coupon
Seagram & Sons announces $40 million debentures due April 3 1983 carrying a 4.14 percent coupon. The issue will be sold at 98 to yield about 4.38 percent, with a sinking fund starting 1963 to retire most of the issue. Underwriting by Harriman Ripley & Co. and SEC clearance pending. Non refundable for first five years.
MENTIONED IN THIS ARTICLE
Seagram
New York
Joseph E. Seagram & Sons, Inc
Harriman Ripley & Co, Inc
SEC
Pitt Steel Reports Loss In First Quarter
Pittsburgh Steel Co. announced a loss for the first quarter with production and sales down about 35 percent from 1957. President Allison R. Maxwell Jr. warned prospects for the second quarter look dim though some demand indicators may suggest a trough period has passed.
MENTIONED IN THIS ARTICLE
Pittsburgh
Pittsburgh Steel Co
Allison R. Maxwell, Jr
Maxwell
Pittsburgh Steel
Metropolitan dealers report US Metropolitan car sales rise
American Motors Corp. announced that during the six months ending March sales of English-built Metropolitan cars reached 5,036, up from 4,430 in the same period last year.
MENTIONED IN THIS ARTICLE
Detroit
American Motors Corp
Hhrough
NYSE Lifts Stop Order Ban On Lukens and Haveg Stocks
The New York Stock Exchange on April 8 lifted its ban on stop orders for Lukens Steel Co and Haveg Industries Inc common stocks. The exchange had barred stop orders in April 1957 for Lukens and last July for Havey, with the move aimed at stabilizing stock price fluctuations amid improving conditions.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Lukens Steel Co
Haveg Industries, Inc
Lukens
Havey
Erie and Universal Marion News In 1958 Growth Outlook
Erie Railroad reports a first quarter deficit of about 2.8 million dollars due to reduced traffic and heavy snow removal costs. Shareholders consider a merger with Delaware, Lackawanna & Western and Delaware & Hudson. Universal Marion buys Scullin Steel for 3-4 shares per Scullin share, with first quarter earnings projected near 900 thousand dollars exclusive of non recurring items. P. Lorillard sees first quarter earnings likely lower than record 1957 quarter amid strong March sales. Farm share of U S population down to 13 percent from prewar 23 percent.
MENTIONED IN THIS ARTICLE
New York
Erie Railroad
Harry W. von Willer
Erie
von Willer
Delaware, Lackawanna & Western
Delaware & Hudson
Washington
Universal Marion Corp
Scullin Steel Co
St. Louis
Scullin
Universal Marion Capital
Scullin Common
James Mullaney
Universal
Universal Marion
Mullaney
P. Lorillard Co
Lewis Gruber
Lorillard
Grumman Wins Japanese Jet Order for F-11-F Super Tiger
Grumman Aircraft Engineering Corp. secured a Japanese defense agency order for 300 F-11-F Super Tiger interceptors, to be built mainly in Japan under license. Production runs 1959 to 1962 pending approval. West Germany and Switzerland weighing similar purchases with Lockheed F-104 as a rival option.
MENTIONED IN THIS ARTICLE
New York
Grumman Aircraft Engineering Corp
Japanese Defense Agency
Japanese National Defense Council
Japan
Grumman
Dividend notes from multiple firms with payment dates
Proctor and Gamble declares a 50 cent regular quarterly dividend on common stock with payment May 15 and record date April 25. Skelly Oil pays 45 cents on common with payment June 5 and record date April 29. Central Power and Light issues a regular preferred dividend with May 1 payment and April 15 record. Equitable Gas pays 4 cents on common with June 1 and May record. Daitch Crystal Dairies issues extra 2 percent in stock with May 28 payment and April 28 record. American Distilling declares 40 cents on common with April 28 payment and April 18 record. Spencer Kellogg & Sons pays 20 cents on common with June 10 and May 9 record. S Kresge Company declares 40 cents on common with June 2 payment and May 16 record.
MENTIONED IN THIS ARTICLE
Proctor and Gamble Co
Skelly Oi Co
Central Power and Light Co
Ldrl
Equitable Gas Co
Daitch Crystal Dairies Inc
American Distilling Co
Spencer Kellogg & Sons, Inc
S. S. Kresge Co
Bethlehem Holds Up First Quarter Results
Bethlehem Steel Corp shareholders were told at the annual meeting in Wilmington Delaware that detailed first quarter results would be released later this month. Chairman Robert E McMath noted the steel business was not good in the quarter and refused to cite specific figures, saying Bethlehem traditionally runs slightly above the industry average and has maintained its relative position. Industry production for the week was about 84 1/2 percent of capacity.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Associated Press
Wilmington
Del
Bethlehem Steel Corp
Robert E. McMath
Bethlehem
Bethlehem’s Current Operating Rate Is, Mr. McMath
Wellington Fund Inc Assets Rise to 651 Million
Wellington Fund Inc reported net assets at March 31 totaling 651,360,388 or 11.99 a share on 54,225,303 shares, up from 592,791,651 or 12.82 a share on 46,239,598 shares a year earlier.
MENTIONED IN THIS ARTICLE
New York
Wellington Fund Inc
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ED Morse
Norman
Gacey
Sands Associates Cilco
State Street
KODAK
Old Town Spirit
Old Town
Frank McGuire & Son, Inc
Bridgeport
Pitt Steel
Fairfield County
Lee Barney's TV
Featuring
Gemita
East Main St
Beardsley Park
Dow Jones
Fae Wen den
Utilities
Ciece
Olin Math Veaseue
Boeing Air Pherae
Raythe
Haveg
Smith
Ramsey
Smith, Ramsay & Co
Trust
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Bank of NY
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Ays
Chemicaltorn
Party Trust
Bales
Mish
Lew
Abbott L
Allied Oh Db
Allied
Xy Central
Alum Ltd
Ch & SU
Alcoa
NH & Hart jAmerada
Bosch
North West
Am &F Pw
Nor Sa Pw
Chio Edis
Sa' Am Ma&Fdy
Olin Math
Oliver Cy
Pac G & EL
Savy Am Smelt Af
Pan A
Tel & Tel
Aga Sone
Armen
Phelps
Armaura
Phila EL
Philco
Philip Mar
Atchison
Phill Pet
Atl Fefin
Avco Mis
E&g
Indvel
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Pullman
Anyary
Bait & Ob
Bendix
RCA Avenue
SOM Industries
Benguet
My Repub Av
Penn Steel
Boeing Air
Repub Su
Barden Wel A
Tex Drugay Vt
Y Va
Olin Maark Warn
Reyn
Thieson
Raytheon
Burroughs
Standard Oil
Schenley
Schering
Anal
Shell
Southern
Chrysler
Snerry RA
Swift & Co
Texas Co
Defense Agency
Colden Petrey
Tay
Crane Co
U.S. Navy
Curtis
Lockheed
Curtiss Wr
Cutler
Deere
Eastman Wise
Bell & Howell Doug
Cal
Dew Chem
Air Line Youngstown Sheet
Good Dress Ink
Unit Aire
Magma Copper
Us Steel
Iterday
Say Steel
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Diners Club
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Vanad Cp
Scullin Steel
Bailey
Flec
Weste el Z
Wilton & Cn
Motors
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Tan “Gnedrich
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Goodyear
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Aetna Insurance
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Ed Heyden
Amer
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National Fire Qi
Bus
Inasur
Hare
Travelers OM
Nirk
Paner
Johns Man
Cat EU
A. M. Kidder & Co. Inc
Jones AL
Kaiser al Os
Ameran
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Brass
Kern
Auty Atin Tehigh Ca
Bullard Compar Wa
Vasco Products Ny
Crane Company
Harvey Hubbel Ao Linh Wenags
Ling & My da Locke Sten
McKesson & Robb
Remington Acar
Bot Gas
Lene & Gay
Pia
Underwond Corp
Lerithardton
United Aircraty
Martin
American Exchange
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A. M. Kidder & Co., Inc
Law
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Hove
New Haven
Barvey Hubbell
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Mi ‘S
Hd Teleenler
Drillard
LOS
Scullins Steel
United Shoe
United Shoe Machinery Corp
U. S
Connecticut
Connecticut Industries
G. H. Walker & Cor Vest
Acme
Atk
Arrow-Hart
sIk Associated Sperm Vt A
Sk Cana Eng
Dictaphone Corp
Dl V
Sle
Emhart
Stanley Works
Torrington Co
Veeder Root
Balowin Pearson
The
West & Langdon CO
East Main Street
Fairbanks
Electric Utility Securities
By Jack Frost
Investment Dealers Digest
United States
Investment Bankers
Conn
New Raven
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