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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Jul 03, 1958

Page

22

Jersey Standard Plans Offer For More Humble Oil Stock

Jersey Standard announces intent to file with the SEC a registration to offer about 10.85 million shares of its capital stock for exchange with Humble Oil & Refining Co. If an offer occurs it would exchange five Standard shares for four Humble shares, based on terms to be set at the effective date. Independent details note current Humble holdings as of year end.

New York Standard Oil Co New Jersey SEC Humble Oil & Refining Co Jersey Standard Humble Oil

Insurance Merger Creates Monarch as Springfield Subsidiary

Springfield Fire and Monarch Life announce completion of a merger making Monarch a 98 percent owned subsidiary of Springfield Fire & Marine. Springfield stockholders approved issuing 1,000,000 new shares in exchange for Monarch shares at 11 4 to 1. Monarch had 800,000 shares outstanding and 99 310 percent tendered before the offer expired.

New York Springfield Fire & Marine Insurance Co Monarch Life Insurance Co Springfield Mass Monarch Springfield Fire & Marine

Connecticut Issues CONNECTICUT INDUSTRIES Prices

Connecticut Industries reports price data from G. TE Walker de Cony. Details cover market values and recent shifts influencing local manufacturers and suppliers in the state.

Connecticut Industries G. TE Walker de Cony

Sun Oil and Olin Mathieson Plan Urea Plant Joint Venture

Sun Oil Co and Olin Mathieson Chemical Corp exchange letters of intent to form a new company and build a urea plant at Sun’s Marcus Hook refinery in Pennsylvania. The plant would produce about 73 000 tons of urea annually using ammonia from Marcus Hook, with further details to be announced.

Philadelphia Sun Oil Co Olin Mathieson Chemical Corp Sun Marcus Hook Stanley J. Osborne Olin Mathieson Robert G. Dunlop

Dividends Declared by Diverse Corporations

A list of upcoming dividend payments and record dates from Pittsburgh Plate Glass American Distilling International Utilities Pennsalt Interchemical Chase Manhattan Houston Lighting and Power Automobile Banking Charles Bruning Colorado Oil and Gas Commonwealth Stock Fund Dreyfus Tronrite Leslie Salt Angent Gas Utilities Kobacker Central Illinois Ingersoll Rand Fruchauf Acme Steel. The notes detail regular quarterly or special dividends with payment dates and record dates for each company as published.

Pittsburgh Plate Glass Co American Distilling Cos International Utilities Corp I Pennsalt Chemicals Corp Interchemical Corp Chase Manhattan Bank Houston Lighting and Power Co Automobile Banking Corp Charles’ Bruning Co Ria Colorado Oi & Gas Corp Commonwealth Stock Fund Dreyfus Fund Tronrite, Inc Lestie Salt Co Eengeltanted Gas Utilities Corp Acme Steel Co

Dividend and stock actions in various firms 1958 reports and notices

The text lists multiple corporate actions and financial reports including Discount Corp of New York approving a $2 cash and $4 extra dividend with July 23 payments for record July 19, Universal Pictures Co Inc omitting a dividend on 4 1 4 per cent preferred stock, Fifth Avenue Coach Lines undecided on a second quarter common dividend, National Airlines Inc declaring stock dividends of 2 12 per cent on common stock with pay dates in July and October, plus a conditionally detailed balance sheet and certification notes for several Bridgeport banks including City Trust Co, Black Rock Bank & Trust, West Side Bank and others with assets, liabilities, capital accounts, and trustee attestations.

Discount Corp New York Universal Pictures Co. Inc Fifth Avenue Coach Lines Inc John E. McCarthy National Airlines Inc City Trust Company Bridgeport Connecticut Federal Reserve System Federal Reserve Bank of United States Federal Reserve Bank Gene Investments Cafbes BSCE

Bristol-Myers Sees Ten Percent Gain At Annual Meeting

Frederic N. Schwartz told Bristol-Myers shareholders that second quarter sales and earnings should be about 10 percent higher than 1957’s. First quarter earnings were 2,156,911 dollars or 1.32 a share, while second quarter 1957 net was 1,430,275 dollars or 0.85. The firm disclosed selling 107,000 American Can Co shares to fund an acquisition and expansion of two divisions.

New York The Stock Exchange Humble Oil American Stock Exchange Standard Oil New Jersey Jersey Humble Bales Sales Jersey Aish Abbott L Motorola al Admiral Ones Vi Sg & Sa Alum Ltd NY Central NY Ch NY Ch & Sl2,. 82 24% 244, 24H, Basis That It Was Oversold In yAmerada 2 Cae RY NH & Hart Am Alrlin Am Bosch Can Zz North West Am & F M& Fdy Ohio Motors Am Smit Oliver Cp Tel & Tel Pac G & Hi Ansconda Armco Pepsi Cola Pfizer Armour & Co Associated Press Phila el Philco Als Atchison Wee BS Philip Mor A &M Bendis Rage Inengant Beth Steel Boetne al AVA Raytheon Repub Borden Ae Notion Warn Rex Budd Co van Tay Reyn Burl Ind Case Schering News of al- Cen & SW Aska Statehood Alaska Cau Chey & Oh SA Binclair CHM Sp&pac Sérong Girgaler Cal Dls Union Olt of California Southern Co Ty Rites Bre Fou Pac Uy Aw Aby, Abug Peabody Coal Coca Cola An Bou Ry Ay Cole Palm Bay Bperry Cola F de Ir Colum Beritt & Co Armour Crane Co Golo & Plati- Curtin Atom Texas Co Sears Roebuck Derre Polaroid Tidewat Lorillard American Tobacco UN Carbide Ind du Pont Vanes Goodrich Rose Alra United Aircraft Et & Mus United Reichhard Chemical M&m Iy Exchange Firestone UsGypeum Alyyatt US Steel Airlines Alaska Airlines U. S Cre-Gen Motors Oe Petroleum Sherwin-Wil- Gen Wilson & Co Wolworth Goodyear Worthington Grate & Co Ynget Sh & T Tron General Plywood Zenith Bay Greyhound Gruny Aire Wesden Homestic Tilia Kaiser Kennecott Aos Guaranty ‘Trust Hanover Bk Lehigh C & N Bo aSnate Trust Men&l Va Ligg & My Toew Tane & Gas Lariilard al Askedstack I Tn American Chainshnaee Marine Mid Bridgeport Hrage Martin Co Kesson Robbins Ravbrsios Siene Remington Arms Montan United Aucratt Otame Ward New, York Bristol- Myers Co Frederic N. Schwartz Schwartz Bristol-Myers American Can Co Grove Laboratories, Inc

Market Barometer and Earnings Highlights

Market figures show American Sumatra Tobacco Corp eyeing a fiscal year profit of about 560000 dollars or 1 a share and hinting at a possible small dividend in September. Other items note New York Stock Exchange membership transfer at 93000 dollars, Edison Electric Institute weekly kilowatt totals, Lukens Steel Co pay raises and broader industry wage trends unchanged for some peers.

New York American Sumatra Tobacco Corp American Sumatra J. ‘Theodor Cremer Carel Goldschmidt Javid Connecticut New York Stock Exchange

Also Mentioned on This Page

Detroit General Motors Corp Chevrolet Baltimore Flint Tarrytown WN. Y Bloomfield Nwj Desoto J. Buick Goring Farrel Hiravingham Handy Tarman Landers Hrary Clack Marlin Rockwell New Britain Machine North Jar Bones Peter Paul Plume Atwport Teenie Kiith Mantisus’ && Ca Prinitn Mual Funds Norman FP Darcey & Asa Wexterdal Veron Norman F. Daces & Asadcales Bt Atomic Development Fund Canada General Fund Commonwith Incomie Fund Eaton & Userd Fundamental Incorporated Tivestorn Masa Vavatra Gril Tk Mass Investory Vrusta Floa Vea National Block Feries Vay National Growth Feries William St. Fund Naked Yelevision-Electronice Mind Maine New Haven Java Tex East Trans Tex Gas Trans Transvat Gas West Mass Co Staith, Rameny & Co Local Industries A. M. Kidder & Co, Inc SUN Oil Mathieson Eeequees Wlities Partnerships and Cor Artrarships and Core Vernmant Seachenares AM Isc Nik Felmont Petroleum Vt H. Hoyt View-Prey Fareed Black Rock Bank & Trust Company Federal Reserve Vere Sars Deere Penne Areaa Hank Premises Eanes Vee Ceteeeewereese TOTAT E. H. Hoyt R. H. Whitney Philips Davison William N MacKenzie West Side Bank Federal Reserve Act Annan Cineluding Anenha Ann An Frank J. Clark Fred R, Carstensen Harold C MAIN Walter XN. Burr Daa Reese Syp T. James V. Toy Corrert James V James F. O'Connor Jerome J. Nyrdarmeier Joseph FE. Berger Smith, Ramsay & Co Titl Arked Atina Insurance Actuit Life fAmer Gen Life Hartford Fire National Fire Dacey Associates CILEO A. M.kidder & Co., Inc Pepsi-Cola United Bottlers, Inc Los Angeles Mexico City Puerto Rico Kidde Maeaeoen CW York Stock Exchange Broad Street Edison KUM. Kidder & Co, Inc American Sumatra UKENS É American Trust Co San Franccisco California Bank Wells Fargo Bank San Francisco Electric Light and Power Industry Edison Electric Institute Lukens Steel Co Lukens U.S. Steel Corp Dow Jones Chemical Corn Exchange Bank Manufacturers Trust Co Ryeeres Hanover Bank Juneau Union Y Crocker-Angelo National Bank Ltd
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