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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Dec 10, 1957

Page

16

Dividend notices from Canadian and U S companies

A roundup lists cash and stock dividends from firms including Canadian Bank of Commerce, Consolidated Investment Trust, Foundation Co New York, Hanson Van Winklesaul Coq, Leath & Co, Maryland Casualty Co, Mississippi Valley Barge Line, Indianapolis Power & Light, Metals & Controls, General American Investors, Udahy Pack Co, Dome Mines, Home Insurance Co of New York, Baystate Corp, Twin City Rapid Transit, Campbell Red Lake Mines, Central Public Utility, First Pennsylvania Banking and Trust, Steel Co of Canada, Chicago Great Western, Fairchild Camera, and Central Aguirre Sugar. Dates show pay and record dates through January and December periods with various regular and extra dividends including stock dividends and long-term capital gains components.

Canadian Bank of Commerce Reguar Consolidated Investment Trust Foundation Co. N.Y Hanson-Van Winklesaul Coq Leath & Co Maryland Casualty C Mississippi Valley Barge Line Co Indianapolis Power & Light Dome Mines Ltd Home Insurance Co N. Y Baystate Corp Twin City Rapid Transit Co Campbell Red Lake Mines, Ltd Central Public Utility Corp First Pennsylvania Banking and Trust Co Steel Co. of Canada, Ltd Chicago Great Western Railway Co Fairchild Camera and Instrument Corp Central Aguirre Sugar Co

Wall Street Journal trial ad promises gain

A reader shares how a $6 trial subscription to The Wall Street Journal helped improve income and cut expenses while maintaining living standards. It pitches the Journal as a daily business paper valuable to workers earning 7000 to 20000 dollars and owners of small businesses, offered for 6 dollars for three months or 24 dollars yearly.

Wall Street Journal The Broad St New York

Minute Maid reports loss for year ended Oct 31

Minute Maid Corp reports a net loss of 2,542,903 for the year ended October 31, down from a net income of 1,333,884 or 84 cents per share the previous year. Net sales fell to 102,806,775 from 114,807,348. President John M. Fox cites frozen fruit and vegetable operations as the loss source and says management will drop unprofitable segments next year while citrus businesses remain profitable and should grow.

New York Minute Maid Corp. Today John M. Fox Fox

Wall Street Declines as Rails Steels Lead Market Drop

Today's stock market extended losses with steels leading declines and aircrafts providing limited gains. The broad 1,202 issues traded show 652 decliners to 427 advancers, with the Dowish AP index down as rails hit a 1957 low and government bonds firming on sentiment. Major movers included Curtiss-Wright off 1, Texas Gulf Sulphur up 5/8, Standard Oil New Jersey down 3/8, and Crescent Corp. up 3/4 amid stabilization purchases and offerings.

New York Vanguard Wall Street New York Stock Exchange Associated Press Curtiss-Wright Texas Mexico Standard Oil New Jersey Crescent Corp Bethlehem Steel Paramount Pictures Polaroid

Merrill Lynch Wins Debenture Bid for Chesapeake & Potomac

Merrill Lynch, Pierce, Fenner & Beane submitted the winning bid for 30 million dollars of Chesapeake and Potomac Telephone Co debentures. The issue carries an 8 percent coupon and was priced at 102.077, with a reoffered 26 year maturity at 102.761 yielding about 3.98 percent.

New York Merrill Lynch, Pierce, Fenner & Beane Today Chesapeake & Potomac Telephone Co Merrill Lynch and Associates

Bank Stocks and Farm Decline under Government Contracts

Sample notes 12 163 whole farms retired from production under government contracts. CEO advocates a big step up in the program offering compensation for retirement by annual payments, rentals, or outright purchase. Special training for retired farmers would help them shift to better living in other lines.

CEO

Food Fair Properties Offers Stock Rights

Food Fair Properties Inc announces rights to subscribe for 1,499,116 additional common shares at 2 dollars per share. One new share for every two held as of December 6. Rights expire December 20. Underwritten by a group led by Eastman Dillon Union Securities Co. The underwriter priced the common at 2.25 with a 0.15 concession to NASD members.

New York Food Fair Properties, Inc Eastman Dillon Union Securities & Co National Association of Stock Dealers

U S Forecasts Cotton Crop Dip

The Department of Agriculture projects the U S cotton crop at 11 010 000 500 pound bales on Dec 1 outlook vs 11 788 000 on Nov 1. Final 1955-55 average and last year's production are noted with reduced yields due to late freezes and rain. Major declines centered in Texas, Arkansas, and Mississippi.

Washington Department of Agriculture U.S Texas Arkansas Mississippi

Farm consolidation and welfare shift eyed by reports

Department of Agriculture figures show annual farm declines around 150000 with larger farm size and fewer workers. The N I C board links trend to mechanization while the CED notes one family farms adapting to tech. The 1954 334000 farms earning 25000 plus produced 31 percent of sales. Off farm income rising with pensions and savings. CED proposes gradual price support cut and a new land retirement plan, differing from soil bank by retiring farms tied to surpluses. A conservation reserve move begins in 1959.

Department of Agriculture The National Industrial Conference Board Committee For Economic Development Institute of Life Insurance CED Benson

Illinois Central cuts 1958 capital outlays

Illinois Central Railroad lowered its 1958 capital expenditure budget from 36 million to 25 million due to a gloomy earnings outlook. President Wayne A. Johnston said the cut is realistic and tied to the business cycle, with 1957 earnings seen near 15 million or 4.82 a share and 1958 expected to be similar. Net income in 1956 was over 23 million or 7.64 a share.

Chicago Inois Central Railroad Wayne A. Johnston Illinois Central Johnston Comemon

Harvesters Shine in Fourth Quarter Sales Decline

International Harvester Co reports fiscal year sales of about 1.175 billion dollars, down from 1.252 billion prior year. Fourth quarter sales around 323 million, the highest quarter of the year, with inventories reduced to satisfactory levels. Company officials John L. McCaffrey and Frank W. Jenks note continued farm equipment demand and potential price increases, while foreseeing Canada and foreign subsidiaries may post record results.

Chicago International Harvester Co John L. McCaffrey Frank W. Jenks

Also Mentioned on This Page

Sy Mortgage CO Tam Bridgeport Conn Minute Maid Dow Jones IW. VA Business Mirror By ED Morse Aroun Total Matistrieg West Virginia Pulp & Paper Co Baeae Cudahy Packing Co Uncle Sam Cevere Emerson Electric Mfg. Co Curtiss Wright Tae Bee SONS Eeesedes Batendees Deere Bethlehem Ouetere Ae Pennsy R. R Geal Motors Penn Texas Sease US Steel Lockheed Hae Gould National Batteries, Inc Wooster Rubber Co Admiral Seens Nat Supply United Artists Corp NY Central Allied Aieg LD Ch & SL Pittsburgh Lake Erie NH & Hart TNY Nia M Pw Alum Ltd NorthWest Alcea United Stockyards Corp Amerada Africa Nor Pac Am Bosch Jh Sta Pw Ohio Am Can Ohio Oi Federal Machine & Welder. Co Am & Faw Oliver Cp Am Gas & el Pac G & el Am Mé&Fay Am Motors Pw & Lt Buffalo Eclipse Corp Pfizer Il Am Tel & Tel Phelps D Ja Philapl E.F. Brach & Sons Phileo Philip Mor Armco Armour&kCo Publick Ind Yst Atchison Pullman RCA la Aveo Mfu Erie Bald Lima Wy Raytheon Ball G & EB Repub Repub Sd Bendix Borg Warn Royal Dut Veredl al AQ Brigss Mfon Safeway St San Fred Budd Co TAY St Reg Pap Bullard Schenley Sears Roab Shell Sinclair J AO Ag Cater Sperry Spiegel Sp&pac Chrysler Ae Orr Finan Ind San Si Climax O's Rane BP Col Gaspanes Sundstrand Sunray Swift & Co Syly el Pd Texas Co Tex Ins ., Eee V3 25% 24V, 24S Jed. Cont Mot Sae. Ah O% Ve Tex P O&o U. S. Steel Textron Lorillard Crane Co Tidewat Curtis Pub Curtiss Wr Decca Rec Twenteen Bibtic UN Carbide National Steel Allied del L & Wyk UN Oil Cal Seax UN Pac Chemical Goodrich Dome Air Lit Ee al du Pont Doug East Kod US Gypsum Va Ca Aviation Martin Co Emer Rad Boeing Erle RR Teca US Fairch Vanad CD Rock Island Va Caro Cova Royal Dutch Union Ford Met American Stock Exchange Ag Wilson & Co Woolworth Gen Motors Worthington Gulf Bridgeport Brass Heyden Not Homestic Bullard Company Y.e Houst L & P Casco Howe Crane Company Harvey Hubbell Usland Bilch Locke McKesson Robbins Mtaybestos Remington Arms Johns Man Minderwood: Corp AOY Jones & Is United Aircraft Kaiser al Hart Elec Kennetott Hatonic Pub New Haven Gas Lehigh C&n Te New Haven Wat JJ Jas Vale LOF Glass Mararalba Ny Tenn Gas Trans Libe Men & Ly Gasca Lise & My 4A Tex East Trans Loew's J Norman F. Bacey & Associates Anked Martin Co United Alvarett Milliated Wind Atomic Development Fund Merck Ja ’ Vie City Trawi Canada General Fund Aten & Herd Fidelity Fund Monsan Mass Monter OR Hart Fire Guaranty Tr Mass. Investors Trust Mont Ward 2A Nome Inxur Hanover Bk NY Ad Ao Berlex Motorola AIM Ary Nall Fire Irving Trust Mita Trost Pioneer Fund , Sane Nat Dairy Peatlass Insu Tetesion Electronite Wellington Seonysee US Trust Cates A. M. Kidder & Co., Inc American Exchange An Connecticut Mith, Ramsay & Co Connecticut Industries G. H. Walker & Co Dictaphone Corp Emhart Farrel Birmingham Handy-Harmon Keriie Lnders, Frary, Clark Marlin Rockell New Britain Mach Stk North Judd Vy Peter Paul Plume-Atgood Wy Sii Ramsay & Co Food Fair Properties Norman Fee State Street City U. S Chas. W. Scranton & Co John Street New England GAS & Electric Westport Norwalk Enterprise Norman J. Gaynor Arthur C. Jennings New Haven Llinois Central Fairchester Service Corporation Automotive Leasing Office Mart CTS GT Ruben . Meare Ec
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