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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Jan 21, 1959

Page

5

Paper shows decline for Champion Paper and Fibre Co

Champion Paper and Fibre Co reports net income of 2,250,846 dollars or 0.49 a share for the December quarter, down from 3,110,297 dollars or 0.68 a share in 1957. Net sales were 41,856,448 dollars versus 42,295,213 dollars. Six months ended Sept 30 net income 3,442,778 dollars or 0.83 a share, vs 5,985,654 dollars or 1.31 a share in 1957, with other earnings and year comparisons noted for Indian Head Mills Francisco Sugar Co Divco-Wayne Corp Elgin National Watch Detroit Edison Two Guys From Harrison Zeigler Coal and Coke Co. 1958.

Champion Paper and Fibre Co Indian Head Mills Francisco Detroit Edison Co Harrison,Inc Zeigler Coal and Coke Co

Rail and utility firms report 1958 earnings per share

Summary shows 1958 nets and per share figures for Gustin Bacon, Delaware and Hudson, Hudson Coal, Minneapolis and St. Louis, Bangor Hydro Electric, and related firms. It contrasts 1958 results with prior year figures, highlighting shifts in net income and earnings per share across multiple companies in the period.

Gustin-Bacon Mfg. Co Delaware and Hudson Co Delaware and Hudson Railroad Hudson Coal& Co Hige Minneapolis and St. Louis Railway Bangor Hydro Electric Co

North American Off For Quarter in 1958 Earnings Report

North American Aviation, Inc. reports quarter ended Dec 1 net income of 5.9 million dollars or 73 cents a share on 8.06 million shares, down from 6.46 million dollars or 81 cents on 8.02 million shares. Sales and other income total 220.83 million dollars vs 222.85 million. Backlog as of Dec 32 stands at 683.11 million, up from 513 million on Sept 30 1958. The report notes it excludes portions of new orders not yet finally committed.

New York North American Aviation, Inc

Space Agency Awards Rocket Engine Contract

NASA awards Rocketdyne division of North American Aviation a 102 million contract to design and develop a rocket engine with up to 1 500 000 pounds thrust. Work may last four to six years, aiming for a simple dependable booster for the U S space program capable of lifting several tons of experiments.

Washington Space Agency Pave Rocketdyne Division North American Aviation, Inc National Aeronautics and Space Administration NASA Rocketdyne

Stocks Reach Record High On Broad Market Rally

New York investors pushed the Dow to 595.69 and the 60 stock average to 219.60 as gains in airlines, rails, steel and drugs supported a late rally. Volume neared 3.7 million shares with notable activity in American Motors, Parke Davis, and Standard Oil New Jersey amid tax concerns and a 2-for-1 stock split rumor for Libbey Owens Ford.

New. York Iy Airdkates North American Aviation Eisenhower Wall Street Congress Feobenasee Standard Oil New Jersey American Motors Parke- Davis American Standard General Motors Royal ‘Dutch National Cash Register Pan American World Airnway Amerean Motors Libbey-Owens-Ford Phillips Petroleum Venezuela Liggett & Myers American Tobacco i Merck Pfizer Dresser Industries Douglas United Aircraft U. S Steel Homestakes American Smelting American Telephone Youngstown Sheet Case du Pont.l American Stock Exchange Aerojet- General Ward Polaris Aerojet Raymond International Molybdenum Kaiser Industries U. S. Vitamin General Development New England’ Telephone Grange U. S

Market Barometer Dividends General Fireproofing Plans Payouts

Market Barometer reports on dividends with a 5c common stock payment due March 13, record Feb 24. Prior quarters paid 21c each and 60c in March last year, totaling 1.20 for 1958. Company aims for a total of 1.00 per share for 1959.

Connecticut Firms Declare Many Stock Dividends and Records

Connecticut Industries lists numerous firms issuing regular quarterly dividends on common shares with payment and record dates. Companies include John BR. Thompson Co, Columbian Carbon, Tempe Usual quar, Fedders Corp, Belock Instrument, Keystone Steel & Wire, Perfect Circle, United States Lines, NY Chicago & St. Louis Railroad, Sun Oil, American Steel Foundries, Hudson Bay Mining, Oklahoma Natural Gas, Emporium Capwell, Philip Carey Mfg, Ayrshire Collieries, Struthers Wells, New York Air Brake, Suburban Propane, Morrison-Knudsen, Central Louisiana Electric, Oak Mfg, Upper Peninsula Power, Gross Telecasting, and Roadstock Car earnings changes noted.

John BR. Thompson Co Columbian Carbon Co Spain Fedders * Corp Fedders Quigan Corp Belock Instrument’ Corp Keystone Steel & Wire’ Co Perfect Circle Corp United States Lines Co New York Chicago & St. Louis Sun Oil Co American Steel Foundries Hudson Bay Mining & Smelting Co Canapean Funds Oklahoma Natural ‘Gas Co Emporium Capwell Co Struthers’ Wells Corp New York ‘Air Brake Co Propane Gas Corp Sehr Morrison-Koudsen , Co Central Louisiana Electric Co., Inc Oak Mfg Upper Peninsula Power Co

Short interest declines on New York Stock Exchange

Short interest on the New York Stock Exchange totaled 4 381 079 shares as of Jan 15 1959, down 692 277 from Dec 15 1958. The current position marks the lowest since Feb 1 1958, with 5 073 356 shares reported previously.

New York New York ‘Stock Exchange

William Street Fund’s assets rise to 1958 year end

New York Jan. 20. One William Street Fund Inc reposted net assets at Dec 31, 1958 totaling 276,747,782 dollars or 13.05 a share on 21,207,794 shares. The fund holds 82.7 percent in common stocks with top sectors including public utilities oils and gas and chemicals. Major holdings include International Business Machines International Nickel Republic Steel National Steel and Firestone Tire.

New York William Street Fund, Inc Ntternational Republic Steel National Steel Firestone Tire

Southern California Edison Stock Shares Sell Out Quickly

New York filing shows Southern California Edison Co common stock at 60 dollars a share oversubscribed in a 4800,000 offering. Boston Company and Dean Witter & Co. managed the underwriting and announced the books closed after the market debut.

New York Southern California Edison Co Birst Boston Corp Dean’ Witter & Co

Libbey-Owens Plans 2-for-1 Stock Split and Dividend Talks

Libbey-Owens Ford Glass Co directors propose a 2-for-1 split for common stock at the April 21 annual meeting and may raise the June dividend if approved. They declare a 90 cent quarterly dividend payable March 10 with record February 20, and note solid glass sales into 1959. Shares outstanding total 5,225,022 of 10,000,000 authorized.

Toledo Liberty-Owens-Ford Glass Co Libbey-Owens

Also Mentioned on This Page

North American T Mutual Funds Norman F. Dacey & Associates Walter Anillated Fund Atomic Development Fund Canada General Fund Commoneith Income Fund Commonwealth Investment Fidelity Fund Fundamental Incorporated Investors Mass Invairs Grth &K Mass Investors Trust National Growth Feries Tioneer Fund Wellington Fund G. H. Walker & Co New York Stock Exchange Bank St Space, Agency Glearange Ererm Arden Farms Cunningham Drug’ Stores, Inc Refractory. & Insulation Corp Jas -Ca Union “Lumber Co Cominion Rayonler, Inc Local Industries Pany Dow Jones Sete Steeer Tescer Amer. Motors Se Ree Teres Parke Davis Wee Sae O Ger Motors Everrery Oery Royal Dutch Studebaker-Pack Sperry ‘Rand Alan Co aAvca Mis Balt & Ohio Crowley, Milner & Co Toon Benguet Beth Steel Chemway Corp Chrysler Calais Sys Com Cosden Abbott L Fairchild Eng Admiral Nat Distill Firstamer Corp Ford Mirs Gen Am Invest Reduc March Alto Matora Nore Eng Eley Sd Allied Ch NY Central Gen Tire Socony Mobil Ol Co Inc Reg Allied Firs Esau Ch & SL Gt A&p Johns Atany Johns Atany 20.776 44,458 Jan.,30. Alum Ltd Ae Jones & Lauszhlin Ae Nia M Pw Kaiser Alum City Products Corp Reglar Amerada World West WM Kennecott Pbb Ad Lorillard Airlin Nor Pace Uke Dept Stores Bosh Yeyeny Ohio Porke Davis M & Fdy Él Penn Texas Arm Motors Raytheon River Gas Pw & Lt Sah Republic Siegler Armco Philcp Studebaker Pack Armour & Co Philip Mors Temco Aire US Steel Ashi Ats Pub S B&g Atchison Publick Ind Atlast Pullman da RCA la A Élay Bald-Lima Raytheon WY Ball G & EB Repub Ball & Oh Sdl Bendix Benguet Boelog Air Dbring WAY Rohr Airc Briggs ME Royal Wutary Bullard Sir Schentey Burroughs Sinclair The Southern Co Fou Pace I'S Ches & Oh Snerry Rd Spiegel Odh CIT Finan Ws Ltd Colo F & Ir Colum Galves &Smy Sunray Wit Swill & Co Texas Ca Aes Tex Tex Pc&éal Crane’ Co Ai Am Decca Aly Deere Seare Pel Ik Doug Alte du Pont Bl & Museee Fos Radeee Tho Erle US Steel Ae Falrch & Vanes Vanad Ch Seveae Bierstone FEY, Fi, Wilson & Co Woolworth Gen Motors Worthington Sh & T Gillette Annie Wite Goodrich Grace & Co Smith Ramsay & Co Greyhound Mob & O Aetna Insurance Dletaphone Corp Oy Gall Aetna Life Emhart S& Heyden Not Amer Fid Cas Homestic Conn Gen Life Farrel Birmingham Oy Vee Hartford Fire Handy Harman Houst la & P Howe Sd National Fire Landers Frars Clark Tonn FF Marlin Rockwell Inland Peerless Insur Seeeee Tay New Britain North Judd Nick Bay Sea Peter Pail Plume and Atwood Tel & Tel Int Paper Ab Safety Industries Kennerott Wreenee Hridgeport Brass Boand Creses Videndra Bullard Company Tehlah Casco ROY Dib MeNa& LS Marcy Hubbell Locke Bieds Smith, Ramsay & Co McKesson & Rol Locke Aire Rem-Ae Raybesins Inc Loew Remington Arms Cone Tone Lang Underwood Corp Lorillard United Aircrall Ay Caith Maine Pw Gut Mack Trkaiee Veld Cailot Marine L'Pw American Exchange Conn Walet Martin Co Bo “Fo Kdder and Co. Tne Hild Elee Lf Vase Laut Sale Marian Texya Seereneiae New Haven Felmont Petroleum New Haven Wat Monsan Ch Hare AV Aly Woo Say Tex Gas Trans Tebreide Ae Kat Bieg 2Aers Eae United Jilum Nat Dalry United Atrerat West Massco Smith, Ramsay & Cot City Trust Clan QM Conn Nai Bankers Trust Bank Ot Odd Chase-Aanhat Empire Wae Eek First N City Bk Ty Guaranty Trust Hanover Bk NY SM Irving Trust Mirs Trust Eas US Trust Connecticut Inewal Youmi Yuan Vue UN William ST. Fund Southern Cal Edison Balowin Pearson
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