Underwood Corp Keeps Dividend Omit Decision Amid Loss Risk
Underwood Corp directors decided to omit the common dividend citing weak office machine demand and inventory cuts. Frank E. Beane said the year’s remaining operations will guide future payouts while noting a likely first quarter loss due to reduced production and fixed costs. The 1957 annual report is due next month.
MENTIONED IN THIS ARTICLE
New York
Underwood Corp
Underwood
Frank E. Beane
Beane
Brothers Fight Over Mother's Estate in Bridgeport Case
A dispute among three Salvucci brothers over Vittoria Salvucci’s Bridgeport estate advanced in Superior Court. Executor Daniel Salvucci seeks return of property and assets, while opponents Angelo and Patsy Salvucci face a financial accounting and claims of wrongful acquisition. Eleven rescued after a Tahiti flying boat accident near Raiatea Island. 15 killed in separate incident.
MENTIONED IN THIS ARTICLE
Vittoria Salvucci
Bridgeport
Daniel Salvucci
Angelo Salvucci
Patsy Salvucci
Tate
Also Mentioned on This Page
Audrey Lind
Chicago
Christ Lind
Illinois Masonic Hospital
Vienna
Austria
United Fruit Company
Hartford
Richard H. Levet
Slattery
Banana Distributors Inc
United Fruit
Fruit Dispatch Company
Connecticut
Levat
Levet
Tata Tats
City Lumber
Washington’s
Uruguay
Montevideo
Papeete
Tahiti
Raiatea Island
Society Islands
Liberty
Washington
Daystrom
Edmirs
International
Valentin Seaver
Adam Rubber
Sofa & C
Stet ON
Sealy
Englander
Elgin
Hollywood
Seadale
Sealy Hollywood
Simmons
Pullman — Studio
Seale
Douglas—Daystrom
Virrtue
Semple
A.M. Special
Sele
China
Ls Samos
Bho
Ien
Oye High St
Pac Kongust
Firth
Alexander Smith
Coley
Blackatone
Wilton
A.M
GAS and
Meil