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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Feb 27, 1958

Page

22

Proxies Sought by Kress Foundation Directors Nominees

Herbert L. Spencer of the Samuel H. Kress Foundation announced plans to solicit proxies for a Foundation slate of directors at the Kress annual meeting on May 13. The Foundation owns about 42 percent of Kress stock, with 995,064 shares held of 2,331,734 outstanding. Spencer indicated the activity may include soliciting proxies for all Foundation nominees.

New York Herbert L. Spencer Samuel H. Kress Foundation Kress SEC Spencer Kress Foundation Foundation Mress Foundation Kress Company

Big Utility to Seek 130 Million Dollar Capital

Public Service Electric and Gas Co plans about 130 million dollars in new capital in 1958 to finance part of its building program. At the start of 1948 the company had roughly 346 million earmarked for construction, with 318 million for electric facilities and 28 million for gas facilities. The report notes an expected uptick in spending this year across multiple projects and later years.

New York Public Service Electric & Gas Co Casey Harvey Hubbell By - Kaiser Industries Panlepec Singer

Connecticut Issues CONNECTICUT INDUSTRIES Prices

Connecticut issues a report on local industries with prices cited from G. J. Walker & Co. The document lists current market figures and industrial activity reflecting state commerce.

Connecticut Industries G. J. Walker & Co

Market Up Rally Ends Five-Day Slump on NYSE

The New York Stock Exchange rose about 1 percent today, boosting quoted values by roughly a billion dollars as the AP average climbed. Brokers described it as a technical rebound with Selective strength late in the session and short covering following last week’s high short interest. All 14 most active stocks gained, with key issues up fractionally to two points.

New York New York Stock Exchange Associated Press

Stock prices in New York for Mesta Machine Co

New York price figures show Mesta Machine Co reporting 1957 net earnings of 6,454,076 dollars or 6.45 dollars per share versus 4,284,797 dollars profits and 4.38 dollars per share in the prior year.

Mesta Machine Co

Mutual Funds Closing Prices From Norman Nacey Associates

A brief market note reports closing prices for mutual funds and notes a rise in U S government bonds in over the counter dealings. The item cites Norman Nacey & Associates as the source of the data.

Norman FL Nacey & Associates U.S

Diamond T Directors Accept White Offer to Buy Assets

Chicago February 26 Diamond T Motor Car Co directors voted to accept White Motor Co offer to buy certain assets of the company.

Chicago Diamond T Motor Car Co White Motor Co

Insurance Stocks Mixed In 1957 Returns Across Firms

The period shows Baxter Laboratories earning a net of 1 061 900 or 1.97 a share on 538 930 shares while Marcell proa lis posts 28 465 803 or 3.05 a share on 808 039 shares. Savannah Sugar Refining Co reports 1 863 868 or 8.52 a share versus 1 119 465 or 9.69 a share. Allied Artists Pictures Corp. posts a 26 week net of 172 000 versus a 452 000 loss after a 46 000 tax credit. Buffalo Forge Co records 2 107 783 or 3.24 a common share against 34 QRS or C207 a share. Time Corp. shows 1957 net 834 060 or 1.70 a common share versus 1 972 148 or 3.97 a share. Daily Machine Specialties reports a six month loss of 197 000 against a net of 856 000. Grayson Robinson Stores six month net ends Jan 31 at 442 414 or 0.93 a share on 688 600 shares versus 618 335 or 0.80 a share on 778 805 shares.

Fed Tadusiinis Rails Eeeaae Corp Utilities Eennie Meneieinnion American Brake Shoe Co Textrea Imc Benguet Gen Motors Ateennnes Royal Dutch Ee Oe Bethlehem Moat ET Veer PeneDixle Cement Carp Safeway Sarr Mais Defense McElroy Medusa Portland Cement Co Abbott L Air Reduc Moat Ward Ate Prod i Allez Lud Motorola Allied Laboratories Inc Allied Wy Jay Nat Eisenhower American News Co Akwa Am Bosch AY Central Boho Aluminum & Brass Corp Wall Street Am Bi Par North West Webcor Inc Fidelity Fund Nor Pac Wee West Virginia Pulp & Paper Mass Ohia Edis Cor Mass Investors Trust Tel Ohie Oliver Cp Alu Pac G & el Television Electronics Fund Armeco Su Pan A McGraw-Hill Publishing Co Wellington Armour & Co Pepsi Colace California Atchison Pitzer U.S. Steel Auest Oliver Corp Phelps D Aly al Ayter Relin BT Bay Phila Lorillard Ove OM Philco Phill Pet Baitt & On Bendix Av Benguet Dsesaee Proct & G General Motors Beth Steel E&g Boeing Air Publick Ind al Thy Pullman Ja . Ary AT Oil New Jersey Borden Colorado Fuel & Tron RCA Penn-Texas Burroughs Rohr Royal Cut Way Wheeling Steel Safeway Bt San Far Iraoe Reg Pap Cettteeddies & Oh Schentley Ae OM Youngstown SIM Vn Schering CAM Sp&pac AL RE Lukens Chrysler Republic CIT Shell Coca Cola Sinclair Coly Palma Socony Colo F & Ie Sau Ca Edis I Sry Sie Sim Col Bri Southern Co Boeing Sperry Ted Lockheed Mar- Ccomw Vo Solonel South Cent Oil Stan War Ern Railway Goodyear Coffen Pet WY Stud Pack Union Crane Co Va Curtis Pub M Sanray Curtiss Wr Swift & Co Texaz Co Decca Teere American Stock Exchange Dame Textron du Pont Firth Sterling Wright-Hargraves Pacific Petro- Fast Air Lobb Ava Erie RR Firestone Bay United Co Gen Esnam Gen Motors Vanad Co Gillette 2A Goodrich Penn West UN Tel S Wesig A Wesig A Bk’ 1-20 13 704, 20% Grace & Co Airy Wes Fl Winton & Co Pr Greyhound Woolworth Worthington Voss Tayay Yngst Sh Homestic Merlin Zenith Raaga Diamond T Houst L & PF Howe &N Rox Med Mare Aetna Insurance Nick Johny Hartford Fire QI Jones & Tysb Spa Chase Kaiser AL Accord- Kennecott Ba Kem Lehigh Ca Bir Atre Orly Br Tann City Trust Rankers Trust Qi Bridgeport Brass Crase Mankal Marine Mid Railarnd Company Vom Boo En ‘Martin Cr. V Cixco Aypire Mengel iPrieet GOO Harvey Mobeekt Ais Ad Focke Street Hanover Bex Merr Chas V.fch McKesson & Robbins Raybestes Inc Remington Arms Core Monsan Chile Nezoo Laneircraft Baxter Laboratories Ceanuks Marcell Prca AI Lis Savannah Sugar Refining Comp Allied Artists Pictures Corp Eee Time Corp Daily Machine Specialties, Inc Grayson-Robinson Stores, Inc

Hat Corp of America posts higher six month sales

Hat Corp of America reports first half sales running about 7 percent above the prior year. Bernard L. Salesky says no figures or earnings estimate given. For six months ended April 38, 1957, earnings were 319,591 dollars or 42 cents a share.

Wilmington Del Hat Corp of America Bernard L. Salesky Salesky

Dividends Declared And Payment Dates For Numerous Corporations

A list of quarterly dividends with amounts on common stock, payment dates, and record dates for numerous companies including West Virginia Pulp & Paper, Pacific Cement, Norris-Fhernador, Amphenol Electronics, and McGraw-Edison. Some entries note previous quarter parity or yearend adjustments. several specify payments in March and April with varying record dates.

Prophet Ce Seawat Associatioen Taylor Instruments Cos Webcor Inc West Osle Gas Co West Virginia Pulp & Paper Co Wyckett Steel Co Sylvasia Electric Products Inc R.H. Macy & Co Inc Lone Star Cement Corp Arnold Constable Corp Reed Rebel Bit Co United Merchants & Manufacturers Inc Maine Public Service Co McGraw-Edison Co Merchants Refrigerating Co F. E. Myers & Bro. Co New Jersey Natural Gas Co Norris-Fhermador Corp Pacific Cement & Aggregates, Inc Pacific Intermountain Express Pennsylvania Power & Light Co Corp Dayton Malleable Iron Co Draper Corp Duke Power Family Finance Corp Farrelt Birmingham Co Hibbard Spencer Bartlett & Co Philip Morris Inc Mark Rockwell Corp Celanese Corp of America American Bank Note Co

Top bid submitted for Snet debentures

New York February 4 DJ White, Weld and Kidder Peabody jointly bid today for 30 million three thousand three dollars of Southern New England Telephone debentures due 1991. The group offered 141,508 for 4 1 4 percent coupon and expects to reoffer at 102 279 to yield four percent.

New York White, Weld & Co Kidder Peabody & Co Bisl Southern New England Telephone Co

Northwest Bancorp Plans to Sell Convertible Preferred Stock

Northwest Bancorporation aims to raise 10.6 million by selling 106 430 shares of new 100 par convertible preferred stock to common stockholders at the annual meeting March 27. Goodrich Lowry says 106 439 shares would be offered for one for 16 common shares with terms set before the offering. First Boston Corp and Blyth & Co Inc are negotiating underwriting.

New York Northwest Bancorporation Goodrich Lowry First Boston Corp Blyth & Co. Inc

Electric Output Up in New York Week End Feb 2

Electric energy produced by the industry rose to 12.338 billion KWH in the week ended Feb 2, up 3 percent from a year earlier. The Edison Electric Institute reports the latest week index near 234.8, with prior week 234.9. A 374 cent quarterly dividend on Rock common stock is declared payable March 20 1958 to holders of record March 10 1958.

Chicago Bendix Aviation Corp Malcolm P. Ferguson Persident South Bend Bendix New York Electric Light and Power Industry Edison Electric Institute

Also Mentioned on This Page

Bendix Aviation Ferguson American Exchange A. M. Kilder and Co., Inc Chas. W. Scranton & Co John ST Bridgeport Westport Norwalk Enterprise Norman J. Gaynor Arthur Jennings Investments New Haven Cameo Parking Lot John Street United Cileco Building State Street Fairchester Service Corporation Automotive Leasing Cann PB. G Antenna Supplies Fairfield County Barney East Main Esol Sas STATE ED Hi Eipa Connecticut Dictapiane Corp Embart A Ree Ag Fatnie Bearing Farrel Birmingham Handy Harman Kerite Bee Bine Dee Landers Frary Clark Marlin Rockwell New Britain Machine North Judd Peter Paut A Plume Atwood Reese Stk Safety Industries i Stanley Works Bot Hydraulic QI Wwro Cnirl Maine Pw Catrl Vt Hild Gas New Haven Gas Fouth Tenn Gas Trans Tex East Trans Transcat Gas United Thume Dow Jones Olin Mathieson Diamond T Directors Okay White’s Smith, Ramsay & Co Eeverge Buffalo Forge Co HAT Corp International Salt Co Murray Deep America Hercules Powder Cs General Railway Signal Co Delaware and Hudson Co Gaus Corp Compecticut General Life Insurance Co S Inc Northrop Aircraft Arvin Industries, Inc General Cable Corp H. C. Behack Co Miami Copper Co Snet Debentures Northwest Bancorp Robertsmaw - Fulton ‘Controls Company Richesad, Ve James A. Witt Jays Val, Én Sais Stuarts Men's Wear Main ST Stratfield
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