Goodyear Reports Market Dip With 1957 Net Gain
Goodyear Tire and Rubber Co posted a 1957 net income of 64.8 million dollars or 6.12 a share, up from 1956. Net sales rose to 1.422 billion with fourth quarter net at 13.2 million, down from 17.1 million a year earlier. overall sales were 28.15 million less than the prior year. Other firms like Sperry Rand Colgate Palmolive and Newmont Mining reported varied nine or full year results, with differing per share figures and sales totals. This reflects broader industry trends in earnings and revenue for the year 1957.
MENTIONED IN THIS ARTICLE
Goodyear
Sperry Rand Corp
Colgate-Palmolive Co
Newmont Mining Corp
Quaker Oals Co
Lehigh Portland Cement Co
Steel output set to rise this week
New York February 17 The American Iron and Steel Institute reports weekly steel production at an estimated 1,459,000 tons or 54 percent of capacity for this week. Last week produced 1,445,000 tons or 53.14 percent of capacity. Capacity is 140,742,576 net tons as of January 1988. Production had been forecast at 1,449,000 tons.
MENTIONED IN THIS ARTICLE
New York
American Iron & Steel Institute
Time offering sold New York oversubscribed books closed
A secondary offering of 40,000 shares of Time Inc common at 60 was oversubscribed today and the books closed. The offering was made by Dominick and Dominick W E Hutton and Co and G H Walker and Co.
MENTIONED IN THIS ARTICLE
New York
Time, Inc
Dominick and Dominick
W. E. Hutton and Co
G. H. Walker and Co
Niagara Mohawk Plans New Preferred Stock Issue
Niagara Mohawk Power Corp will issue 250000 shares of new preferred stock at 4.85 percent and $100 par value. Underwriters led by Harriman Ripley & Co signed agreements. SEC clearance pending. Proceeds will fund the utility's construction program. stock non refundable for the first five years.
MENTIONED IN THIS ARTICLE
New York
Niagara Mohawk Power Corp
Harriman Ripley & Co.,Inc
SEC
Niagara Mohawk Power
Weather postposes N H road meeting in New Haven
The New York New Haven and Hartford Railroad board meeting scheduled for today is postponed to 11 30 a m Wednesday due to weather. The board seeks a compromise to avert a proxy contest at the April annual meeting in New Haven led by A C Allyn and Co which holds a large block of preferred stock.
MENTIONED IN THIS ARTICLE
New York
New York, New Haven & Hartford Railroad Board
New Haven
A. C. Allyn & Co
Christiana Declares Usual $110 Dividend
Christiana Securities Co announces a $110 dividend on common stock payable March 14 to holders of record February 24. The firm paid a similar amount in the prior March Quarter.
MENTIONED IN THIS ARTICLE
New York
Christiana Securities Co
Christiana
Atlas declares 15 cent quarterly dividend
Atlas Corp announced a regular quarterly dividend of 15 cents on common stock payable to holders of record Feb 27. Directors also signaled plans to issue at least two, possibly all three remaining 1936 quarterly dividends as stock rather to cash to avoid taxable cash payments.
MENTIONED IN THIS ARTICLE
New York
Atllas Corp
Atlas
General American Oil Declares 10 Cent Dividend
General American Oil Co of Tex announces a quarterly dividend of 10 cents per share on common stock with payment set for April 1 and record date March 7. The policy aims for a 40 cent annual cash dividend plus a 5 percent annual stock dividend, replacing prior 3 cent quarterly cash payments and 6 percent annual cash distribution with stock dividends in 1957.
MENTIONED IN THIS ARTICLE
Dallas
Tex
General American Oil Co
Texas
Marchant Calculator Cuts Dividend Amid Cash Conserving
San Francisco February 17 The Marchant Calculators declared a quarterly dividend of 1 15 cents on common down from 32 12 cents. Payment is March 15 to record February 28. The company cited cash conservation for general purposes including moving to a new factory and admin building due for completion in Ru pret. It also reported sharply lower 1957 net income, earning $562,419 or 90 cents a share versus $1,951,559 or $3.13 a share in 1956.
MENTIONED IN THIS ARTICLE
San Francisco
Marchant
Dividend payments and records for multiple companies in 1957
A list of regular and special quarterly dividends with per share amounts, payment dates, and record dates for companies including Machine Corp Contery Electric General Fire Be Ca Jones Lamson Parker Pen Reliance Young Spring Pitt Coal Allen Ami Mack Trucks Associated Spring Pioneer Fund Daval Sulphur & Potash International Breweries Storer Broadcasting Edison and others. Also notes Mexico City oil output fell 3 percent in 1957.
MENTIONED IN THIS ARTICLE
MacLouth Steel Corp
Parker Pen Co
Reliance Insurance Co
Young Spring & Wire Corp
Jusual
Pittsburgh Consolidation Coal Co
Allen Industries, Inc
Ami Inc
Mack Trucks Inc
Associated Spring Corp
Icon Common
Pioneer Fund Ind Inc
Daval Sulphur & Potash Co
Infernational Breweries Inc
Storer Broadcasting Co
Edison
Navy Awards Convair $26 Million Missile Contract
Convair division of General Dynamics announced a new Navy contract worth about 26 million dollars for guidance and control equipment for the Terrier surface to air guided missile. The Terrier, 15 feet long and weighing about 1.5 tons, is produced in volume at the Naval Industrial Reserve Ordnance plant in Pomona California for shipboard and beachhead use.
MENTIONED IN THIS ARTICLE
New York
Feb
Convair
General Dynamics Corp
Navy
Naval Industrial Reserve Ordnance Plant
Pomona
Calif
Magic Chef Food Giant Markets Name Change Approved
Stockholders voted at a special meeting to rename the merged chain Magic Chef-Food Giant Markets to Food Giant Markets. The company formed last August from the merger of Magic Chef, Inc. of St Louis and Food Giant Markets, Inc. of Los Angeles, creating a six-store supermarket chain.
MENTIONED IN THIS ARTICLE
Jersey City
Magic Chef-Food Giant Markets, Inc
Food Giant Markets, Inc
Magic Chef, Inc
St. Louis
Food Giant, Markets, Inc
Los Angeles
Commonwealth Edison Plans $50 to $60 Million Bond Issue
Commonwealth Edison Co announces plans to sell 50 to 60 million dollars of mortgage bonds via competitive bidding on April 15. Willis Gale, chairman, says filings with the SEC will come in mid March. The issue aims to support a $600 million four year construction program 1958 1961 with about 285 million needed from new money.
MENTIONED IN THIS ARTICLE
Chicago
Commonwealth Edison Co
Willis Gale
Commonwealth
SEC
Utility earnings from major gas and electric firms in 1957 data
Columbia Gas System reports 1957 net income of 30.453 million or 1.34 a share on 22.754 million shares versus 29.109 million or 1.42 a share on 20.654 million in 1956. Cleveland Electric Illuminating shows 1957 net 18.901 million or 2.64 a share versus 18.621 million or 2.60. Oklahoma Gas & Electric ends Jan 31 with 9.794 million or 2.57 a share, up from 9.442 million or 2.46. Puget Sound Power & Light 1957 net 5.946 million or 1.82 a share versus 6. The Carolina Power and Light two month net to Jan 31 11.624 million or 1.88 a share, up from 10.373 million or 1.64.
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Shell OW
Cen & SW
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Yaary
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Rainers
Josers
U.S. Steel
Chea & Oh
SIM
Bp&pac
Southern Co
Associated Press
Chrysler J
CIT Finan
Sperry Rd
Spieget
Colum Gay
Marchant
As, Switt & Co
du Pont
Texas Co
Cosden Pet
Tex Inc
Crane Co
Tex P
Atlas Corp
del L & W
Doug Aire 2A
Unit Air Lin Sa
Dress Ind
Unitaire
UN Ges Cay
East Air L
East Kod
el & Mus
Erle BR
Raymond Fairch
O'Okiep
Enum
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Penn
Ford
U.S
Westg Fl
Wilson & Co
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Zenith
Gillette
Goodrich
Grace & Co
No Ry
Greshound
Gromaire
Gull Mob & O
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Resden
Jones
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Harvey Hubbell AB
Locke Steel
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McKesson Rabbi Sey
Lig & My
Raydestos Inc
Loch
Alre
Ean
Lerillard
Emith
Ramsay & Cod Mack Tr
Te Martin Co
Marek Ia
Metrohas Ib
Carl Matre
Agbed
Cntr
American Exchange
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Frem
M. Kidder & Co. Inc
Monsen
Benkers Treat
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American Marecaibe
Feeeeeys Mont
Asay
Canco Products Vereeeys Monter
Chase
Guaranty Treva An
Pabév
Pentepec
Nat Mistiil Iy Ay Aly
Serbeeee
Hanover
Bk XY
Irving Trust
United Aircraft Products Ee
United Turn
West Marale
Columbia Gas System Inc
Cleveland Electriclluminating Co
Oklahoma Gas & Electric Co
Puget Sound Power & Light Co
Carolina Power & Light Co
Du Pont reports 1957 earnings of 8.48 a share
Du Pont de Nemours Inc. reports 1957 net income of 8.48 per common share up from 8.20 in 1956. The gain reflects 5.93 from operations and 2.55 from GM dividends. Nine months ended Sept 30 show 6.44 per share versus 6.0 last year. Interim dividend of 1.50 payable March 14 to record holders Feb 24.
MENTIONED IN THIS ARTICLE
Philadelphia
du Pont de Nemours Co
General Motors
du Pont
Holdere
Also Mentioned on This Page
Goodyear Tire Reports
Goodyear Tire & Rubber Co
Woodley Petroleum Co
Tobieco O
Laclede Steel Co
Arvin Industries Innc
Americas Air Filter Co
Capital Airlines, Inc
Devoe & Raynolds Co., Inc
Great Northern Paper Co
Truax-Tracr Coal Co
Atlantic Coast Line Co
Qwiding Company
Jones L Lamson Machine Co
UN, Envelope Co
U.S. Vitamin Corp
Bestwall Gypeum Co
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