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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Feb 18, 1958

Page

26

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Dow Jones Cleese New York United States O. Verde Eeteee Rexall United Corp Wee Teres Deen Tate Royal Dutch Colgate Philip Morris Ae Ae Wall Street Bales Admiral 100S Bishlew Lael Ode Flic Tanat NY Central Allied Allied &Tre Tony Lorillard Roy Afriin Nor Bia Pw Bosch Johia Fis Lonfo Olin Oliver Cp Cyan Pan Teur Am Gas Tel & T Phelps Airlines Amo Si AVAL Atmoure Co Philly Mor Atchison Avco Mig B&g Bald Lima Putman Bendix RCA la Veens Benguel Beth Steel Repub Boeing Air Ib Borden Rex-Draw Resm General Motors Borg Warn Brisse Myra Eee Rey Tob Safena Budd Co Riehfd Ol Up Bullard Ue Rohr Aire Val Rural Burt Ind Safeway Bt Burroughs Besan Can Brysaben Bt Res Colgate-Palmolive Schering Cater Trac Seab AL RR Merck Sears Roek Shell OW Cen & SW Sinelair Yaary Bocony Ja 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 Imperial Oil Penn Ford U.S Westg Fl Wilson & Co Treasury Gen Motors Woolworth Zenith Gillette Goodrich Grace & Co No Ry Greshound Gromaire Gull Mob & O Gulf of Resden Jones Crane Company Harvey Hubbell AB Locke Steel McN&b 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 City Trust Frem M. Kidder & Co. Inc Monsen Benkers Treat Bank of NY 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.

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 By ED Morsf Norman i Thaves & Asstociates Atomic Development Fund Canada General Fund Commonwealth Income Fund Commonwealth Investment Fidelity Fund Fundamental Investors Incorporated Investors Ag Mass InvestsGeth Mass Investors Trust Emith, Rameau & On Aseed Aetna Insurance QI Amer Kartford Aa. M. Kidder & Co. Inc Niagara Mohawk ANL ESA Carey State ST. ED N. H Bridgeport Scot Ties Ltd Main Street Golden Hill Smith, Ramsar & Co General American Oil Marchant Calculator Machine Corp Contery Electric Co Giema Falls Insurance Co.qn. Y General F Bcon Inverters Royalty Co. Inc Jones & Lamson Machine Co Bancorporation Seatte Mexico City CHEF Food Giant Connecticut Connecticut Industries G. H. Walker & Co Dictaphone Corp Nk Etnhart Fafnir Bearing Bee Farrel Birmingham Hv Handy Harmen Kerite Landers Frary Clark Marlin Rockwell New Britain Machine North Judd Peter Pal Lume Atwood Safety Industries Ny Stanley Warker Torrington Co Veeder Root Chicago Edison Hincks Bros. & CO Main ST Ridgeport 3 Conn Midwest Stock Exchange Nepal India Tibet AOL Ws Et Samovar Vodka Troen Grain Foe Schewley Dist Fairchester Service! Corporation Automotive Leasing Save Money Antenna Supplies Barney’s Tybes East Main Street
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