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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Feb 11, 1958
Page
14
St Joseph Lead Co declared a 25 cent dividend on common stock payable March 11 to record February 21. Previous payments were 37 1/2 cents in December, September last year, and 50 cents in June, with prior quarterly 75 cent payments. The notice appears amid reports on 1958 outlook and economic caution.
Caterpillar Tractor Co announces a potential earnings decline in 1958. Domestic sales for the year ended December 31 fell 13 percent from 1956 to $375,292,869, with executives noting a weaker U S economy could reduce overseas buying if the downturn persists, though foreign sales may remain firmer.
Raymond Concrete Pile Co reports 1957 net income of 5.3 million dollars, 6.04 a share, up from 4.465 million or 5.09 a share in 1956, marking a fourth consecutive year of record results.
The page lists stock bids and asks for multiple insurance, utility, and manufacturing firms including Aetna, Hartford Fire, National Fire, Travelers, and Security. It also details quarterly dividend payments with pay dates and record dates for entities such as Lone Star Gas, Atlanta Gas Light, Consolidated Gas Utilities, Controls Co of America, and Pacific Lumber, among others. The text records miscellaneous corporate actions like special dividends and stock div plans across numerous companies and industries.
The New York stock market fell for the second day, trading slowly with $1.9 billion in stock value lost on the NYSE. The AP average slipped, volume was the lightest since January, and losses were broad across rubbers, aircraft, rails, chemicals and base metals while some tobacco issues rose and Royal Dutch led activity.
Tennessee Gas Transmission Co. reports 1957 net income of 38.2 million, up from 34.1 million in 1956. After preferred dividends, net income totals 30.79 million or 2.10 a common share on 14.89 million shares. Record date set for Feb 17 for the 20 percent common stock dividend, with payment around March 5. Closing of a 1,000,000 share public offering announced prior to the stock distribution.
New York February 10. Steel production for this week is estimated at 1,449,000 tons according to the American Iron and Steel Institute. This figure equates to roughly 53.7 percent of 1958 capacity. Last week produced 1,457,000 tons or 54 percent of capacity based on 10,742,510 net tons annual capacity as of January 1, 1958.
New York stocks show Union Investment Co posting a 1957 net of 313,253 dollars or 1.01 a share compared with 305,518 dollars or 0.99 a share. Rome Cable reports December quarter results with 831,000 dollars or 1.66 a common share versus 1,716,000 dollars or 3.08 a share. Day Mines notes December quarter net of 218,709 against 40,223. Duraley posts 1957 net 130,548 or 0.30 a share amid varied figures. Wealth Oil shows six month loss through Jan 31 of 80,914 versus 358,847 or eight cents a share. Controls Inc posts 1957 net 159,174 or 0.53 a common share versus 237,066 or 0.79 a share. Federal Machine and Welder Co. records quarter loss 66,801 versus net 82,257 or 0.11 a share. General Candy Corp reports 1957 net 137,347 or 1.09 a share versus 123,136 or 0.97 a share. OW & Land Co shows 1957 net 112,618 versus 220,640.
Prices from G H Walker & Co. list Connecticut industries with figures and market indicators. The page shows ongoing price movements, corporate names, and regional business activity affecting profitability and supply chains.
American Cyanamid Co reports 1957 consolidated net of 51,447,370 and sales of 532,479,350, both records. Earnings per share stand at 2.42 on 21,224,891 shares, above 1956 figures of 44,247,158 and 500,651,279 in sales. Also notes Libbey Owens Ford Glass Co results: 1957 net 28,005,489 or 5.36 per share versus 29,162,092 or 5.59 in 1956.
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