Tennessee Gas Debentures Planned Public Offering
Tennessee Gas Transmission Co. plans a public offering April 16 of 30 million debentures via underwriters Stone Webster, White Weld, and Halsey Stuart. The issue, nonrefundable for five years, carries a 5 percent coupon with a sinking fund to retire 91 percent before maturity. Proceeds will pay short-term notes and fund construction.
MENTIONED IN THIS ARTICLE
New York
Tennessee Gas Transmission Co
Stone & Webster Securities Corp
White, Weld & Co
Halsey, Stuart & Co. Inc
Tennessee Gas
Douglas Aircraft
Merrill Lynch
Pierce, Fenner & Smith and Kuhn, Loeb & Co
Douglas Aircraft Co. Inc
SEC
New York Central Reports 1957 Net Income Drop
New York Central Railroad posts 1957 net income of 12.22 million dollars or 1.88 per share, down from 42.77 million or 6.58 per share in 1956. Operating revenues fall to 838.5 million from 872.5 million. Other fund and investment notices from Mutual Funds and various firms follow in shortened market blips and payments schedule.
MENTIONED IN THIS ARTICLE
New York
New York Central Railroad Co
F. W. Westworth Co
Williams & Co
Reg Quarrie
Federal National Mortgage
Norman
Wacey & Associates
Rid
Atomic Development Fund
Inc
Canada General Fund
Commonwith
Wisconsin Fund, Inc
Commonwealth Invex
Tamonwealth
Fs Fidelity Fund
Pneumatic Scale Corp., Ltd
Mass
Investors ‘Trust
Union Carbide Corp
Pioneer Fund
Television Electronics Fund
Wellington
Mead Corp
Minneapolis & St. Louis Railway Co
Consolidated Freightways Inc
Cook Paint & Varnish Co
Dobbs Houses Inc
Growth Industry Shares Inc
Missouri Public Service
North American Car Co
Polaroid Corp
Kroger reports record first quarter earnings and sales
Kroger Co. posts a record first quarter ending March 22 with net income of 5,146,045 or 1.27 a share on 4,059,404 shares and sales of 407,484,775 across 1,412 stores. International Telephone and Telegraph also reports record net sales, but earnings dip to 22,412,814 or 3.12 a share. Other firms cited include Oklahoma Natural Gas, El Paso Electric, Sierra Pacific Power, and Riley Stoker with varying 12 month nets and per share figures.
MENTIONED IN THIS ARTICLE
Krieger Co
International, Telephone and Telegraph Corp
Oklahoma Natural Gas Co
el Paso Electric Co
Sierra Pacific Power Co
Riley Stoker Corp
Abbott
NY Ch & SL
Ya Ray
NH & Hart
Allied
Nia SC Pw
Norfavest
Amerada
Ant Airlin
Oho Edis
Bosch Sb
Fe Qlin
Oliver Cy
G & el
Am & F Pw
Pan AW Air
Fay & RD
Pw & IA
Phizer
Phelps D
Tel & Tel
Phila
Philea
Vineose
Philip Mor
Armco
E&g
Publick Ind
Ashi
St Su
Atchison
Pullamian
Cst Line
Retin
Raytheon
al É B
Petslix Aw
Hichtid Oil
Ebth Steel
Rohr Aire
Racine Air
Biid LF
Horal Dat
Borden
Huadd Co
Schenley Bullard
We Is Inc
Air
Olin Mathieson
Wall Street
Western Union
Lukens Steel
Joy Bunray
Swift & Co
F & Ir
Lorillard
Offlenerat
Texas Co
du Pont
Ayay
Textron
Van
ATV
ATM
Dewalt OH
Cosden Pett
Cen O
Youngstown Shiretstrane Ou
Bethlehem
Cutler H Za Agaut
Atre
Republic Steel
Decca
Ford
Deere
Alcoa
Iyis
YMWA
Ns & Xtus
aMy
Aiceh
Am Worthington
Fairchild Camera
Napc Ostone
Fairth
Cen Motors
Aid
Mette
Ie S
Aetna Insurance
Connecticut Industries
Frace © Co
Om Gs. H Walker
Codroo Fay
Ula
Ifny
Hanford Fire
Armee
Asroshaynd
OM National Fire
Peertess
Embkart
Fafnir
Lsc
Farrel Birmingham
Bankers ‘Trust
Bank of NY
A & He
Guaranty Trust Qi
Ics Trust
Martin
Mateo
St Lao
Bridgeport Brass Tenees
Ullatd Company
Td Gas
Crane Company
Harvey Hubbell
Hason Wat
Sater
Lavke Steel
Deek
Tryst
Underwnod Corp
West Mass Ca
Als
Ae vi
Sa Grossboo
United Aircraft
Ford declares quarterly dividend of 60 cents
Ford Motor Co announces a usual quarterly dividend of 60 cents on common stock payable June 12 to holders of record May 13. The notice notes the dates and payment details for the Detroit based company.
MENTIONED IN THIS ARTICLE
Detroit
Ford) Motor Co
United Aircraft Board Okays Norden-Kelay Buy Plan
United Aircraft Corp approves purchasing Norden-Kelay of Stamford in a stock swap of one United share for twenty Norden-Kelay shares. Norden-Kelay, with about 1.3 million shares outstanding, makes electronics systems for aircraft and missiles. A special Norden-Kelay meeting is slated after mid May pending complete agreement.
MENTIONED IN THIS ARTICLE
East Hartford
United Aircraft Corporation
Norden-Renny Corporation
Stamford
United
William P. Gwinn
Gwinn
Norden-Ketay
United Aircraft
Norden-Kelay
Management wins Best & Co battle at annual meeting
Management of Best & Co. Inc, a New York women and children’s apparel retailer, won an eight day proxy fight with Bankers Securities Corp, a Philadelphia holding company, at an annual meeting yesterday. Bankers Securities, claiming 17,500 Best common shares, opposed a deferred contingent compensation plan proposed for Best executives. The meeting began at 10 a.m. and adjourned after 11 p.m.
MENTIONED IN THIS ARTICLE
New York
Best & Co., Inc
Bankers Securities Corp
Philadelphia
Bankers Securities
Best
Market Comment Thompson reorganizes for aeronautics and tech
Thompson Products announces a broad reorganization to advance in aeronautics astronautics electronics nuclear power and advanced weaponry. A new Tapco Group will coordinate several divisions and their engineering and sales efforts.
MENTIONED IN THIS ARTICLE
Thompson Products,Inc
J. O D. Wright
Tapco Group
Anheuser Busch Reports Big First Quarter Shipments
Anheuser Busch Inc reported a 92 10 percent rise in beer shipments in the first quarter of 1958, about 117000 barrels more than 1957, driven by Busch Bavarian expansion and stronger Budweiser and Michelob sales. Executives projected first quarter sales above 50000000. Ansel Snow named head pro at Keswick Country Club in Virginia.
MENTIONED IN THIS ARTICLE
ST. Louis
Anheuser-Busch ‘Inc
William A. Bien
Busch Bavarian
Anheuser-Busch
John L. Wilson
August A. Busch
Ansel Snow
Keswick Country Club
Virginia
General Cable Sees First Quarter Earnings Cover Dividends
General Cable Corp reports first quarter 1958 earnings expected to cover quarterly dividends on common and preferred shares. At current rates, the dividend outlay would be about 1.5 million dollars, against last year’s first quarter earnings of 3,013,047 dollars. Chairman J. R. MacDonald says the industry may have reached bottom and an improvement could follow.
MENTIONED IN THIS ARTICLE
Perth Amboy
N. J
General Cable Corp
J. R. MacDonald
MacDonald
Consumers Power approves stock increase at annual meeting
New York April 9 Consumers Power Co stockholders approved increasing authorized common shares to 14,000,000 from 10,000,000. They also authorized retirement of 4,000 shares of $4.52 preferred stock under the purchase fund provision of the by-laws.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Eisenhower
Financial
Associated Press
Olin Mathieson
Arthom Carpet
Western Union
Electrical and Musical Industries
Fairchild Engine
Consumers Power Co
Also Mentioned on This Page
N.Y
Kroger CO
Norman F . Dacey and
Wai
State Street
Queia
Connecticut
Chas. W. Scranton & Co
Newark Stock Exchange
John St
Bridgeport
Conn
Edison
Westport
Norwalk
Enterprise
Norman J. Gaynor
Arthur O. Jennings
Dow Jones
West Union Te
Elec & Music Indus
Fairchild Eng
Lukens Steel Tree
Gen Motors
Smith, Ramsay & Co
United Aircraft Board
Norden-Renny
Pacific Petroleums
Pacific Petroleums Limited
Eastman Dillon Union Securities & Co
Smith, Rantsay & Co
Local Industries
A. M. Kidder & Co, Inc
Best & CO
Thompson Products
Freightways
Consolidated Freightways, Inc
ICC
J. L. S. Snead, Jr
South Carolina
South Carolina Electric & Gas| Co
Aniline
General Aniline & Film Corp
U. S.’ Supreme Court
John Hilldring
Dallas S. Townsend
Interhandel
General Cable
American Exchange
From & M. Kidder & Co., Inc
Wiimo Sule
Park
Y.M.C.A
Wilton
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