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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Jul 22, 1958

Page

14

Du Pont unit to close mallory plant in Nowa region

Du Pont Co said its P. R. Mallory unit in Nowa will shut production at the Dubuque Iowa plant within months due to weak demand for portable and non portable radio batteries. Second quarter sales fell to 438 million from 415 million last year.

Philadelphia du Pont Co Roe Chicago Jory Battérn Co P. R. Mallory & Co., Inc Oper Lion du Pont

Minute Maid to Buy Debentures from Standard Brands

Minute Maid Corp announced it exercised an option to purchase 11,285,000 principal amount of Minute Maid 4 percent debentures from Standard Brands for 5,642,500 dollars. Debentures carried on Standard Brand's books at 44 3/4. The move relates to Minute Maid's 1954 acquirement of Clinton Foods assets.

Bell & Gossett Co Orlando Fils Ord Minute Maid Corp Standard Brands, Inc Minute Maid Standard Brand Great Lakes Dredge & ‘Dock Co A. P. Green Fire’ Brick’ Co Clinton Foods, Inc L’alglon Apparel, Inc Clinton Snow

Mutual funds closing prices and dividend notes

Closing prices from Norman Fo Darcy and Associates list several funds with registered payouts and record dates. Notable entries include Life Insurance Co of Virginia, Valley Mould & Iron, Commonwealth Income Fund, Franklin Custodian Funds, National Growth, and Central Soya, with record and payment dates in August and September and remarks on stock dividends from 1957.

Norman Fo Darcy and Valley Mould & Iron Corp Reg Atomic Develop Commonwealth Income Fund Commonwealth Invest G. C. Murphy Co Faton & How Ord Franklin Custodian Funds, Inc Anvestora Kaliont Glock Fafnir Bearing Co Beneficial Finance Co Morrison-Knudsen Co Central Soya Co, Inc

Market Hits New 1958 High

AP report from New York notes the stock market climbing to another 1958 peak with volume of 3.44 million shares. Steel, oil, chemical and rubber issues led gains as three of the five most active stocks were steels. The market opened slightly higher and the ticker ran a minute behind trades.

ED Morse New York New York Stock Exchange Associated Press

New York Stocks Show Broad Activity Across Markets

The report notes robust trading with the 15 most active stocks pushing higher amid gains in government bonds. Over the counter exchanges saw renewed momentum as investors rotated into equities and long range bonds recovered.

Standard Products reports slim net for year ends June 30

Cleveland July 21 Preliminary figures from Standard Products Co show a fiscal 1959 net of about 340000 on roughly 30000000 in sales with earnings per share of 46 cents. For 1957 the company posted 1465618 or 1.96 a share. Fourth quarter sales were about 5760000, down from Q3, but the firm says it broke even and earned profits in May and June.

Cleveland Standard Products J. S. Reid F. R. Valpey

Aluminum cans to meet tinplate price, rise estimated

The Dow Jones report says aluminum cans for motor oil may reach price parity with tinplate, as Continental Can plans to supply aluminum quart cans and studies recycling feasibility. AMERICAN CAN figures show steel output at 2,540,000 tons for the week, 87.1 percent of capacity, with last week's 1,481,000 tons at 54.9 percent.

New York American Irom & Steel Institute Continental Canco Leénvik Yivisaker Metal Research. and Development Dow Jones Continental Min Asia Ollico Sao Atk Arcontari M4 Asso Snoring Esso Dictaphone Corp Lapeara Aperae Palnir Bearing Esso Standard. Oil, Co Parrel Birmingham Peter Paul Plume Atwood Reynolds Metals Co Smith, Ramsay & Co American’Can .Co Crown Gp Cork& Seal Co., Inc Nationalpot Hydraute Can Co Yivisaker Roy Iaven NowHava Pont 8 West Mass

Aluminum cans could challenge tin plate in global can market

Connecticut Industries notes aluminum offers light weight and rust resistance for toothpaste and hair spray containers. The piece discusses aluminum versus tin plate, costs, and the can industry’s roughly one million tons of tinplate annual use, with aluminum’s potential impact depending on price competitiveness.

Bank Stocks Price Report From Smith Rameau Co

Prices from Smith Rameau Co show varied bank stock values with figures for Bank of NY Conn Net and Canada Petroleum equities. The report lists shares such as Empire Bank and Trust and New York Trust with values and percentages tied to yearly net figures and per share earnings.

Smith, Rameau & Co Aid Bankera Tr Bank of NY Chate—Makatn Giemical—comnay Emnire Porat Vero Acsey General Petroleums of Canada Herover Bk NY New York

Southern Co profits rise with June year figures

The article reports 12 month results ending June 30 for several utilities. Southern Co earned 26,253,640 net ($1.71 per share) vs 32,212,913 ($1.52) prior year. Other companies include Northern Indiana Public Service, Houston Lighting & Power, New England Telephone, New York State Electric & Gas, Missouri Public Service, Commonwealth Natural Gas, and California Water Service with their respective per share results.

Dow Jones Tis T 'H. J. Heinz Co Minneapolis Ales Crucible Steel Beth Steel Portland ‘General Electric Co Genetrs U.S. Steel Y Lehigh Portland Cement: Co Monsanto Chem United Inds Royal Dutch S.O.N.J Costden Petroleum Co Southern Co Northern Indiana Public Service Co New York State Electric & Gas Corp Missouri Public Service Co Commonwealth ‘Natural Gas Corp California Water Service Co

Also Mentioned on This Page

DuPont R. Mallory Nowa Ines Axe Houghton Fund, Inc Central Vermont Public Saving Corp Corning Natural Gas Corp Life Insurance’ Co Virginia Standard Packaging Corp Nirman FE Davat Lsso CILEG Ka State Street Growing Manufacturing Corp Choice Industrial Chas. W. Scranton & Co John St Bridgeport Conn Edison Westport Norwalk Enterprise Norman J. Gaynor New Haven Cameo Parking Lot John Strest HEINZ Addiahand A. Ba. Kidder & Co, Inc Thompson Products Inc Motorola Hocking Glass Corp Sion Alcoa Alteg. Pt Ree Allied Nat Seed Weseeve Duval Nh&hart Am Bosch Ba Prr J North West Nor Pac Am & EF Pw Ohio Edis Dugtry I Am Mé&Foly Am Motors Aly Ohio Beech Aircraft ‘Corp Oliver Co Pac G&ei Deavy “Crown Zellerbach Canada Ltd Armco Armour & Coss Ek¢éo Products Co Pro- Atchison AML RCA BethSteel Boeing Air Raytheonist Dore Wanazay Brida Fras Rex Drug Wyves Briggs Ind Burrounds Baleway House Bane Cdn United-Carr Fastener Corp Dow-Jones Industrials Ecenley Ub Cater Trac Schering Sas Ry Ro Socony 2A Pr Vo Chrysler 3A Orr Finan Ny Bauthern Co Bou Mae F Howl Ry Raujouvour Sperry Rd Ian Drewrys Limited U.S.A. Inc Catard A VO Cru- Colm Gax SK OM Cal Jcible “Steel Ol Ind AaYsag AD Acrovox Corp Bethlehem Coml Folv Antonna General Motors Consum Pye Sid Pack VU. S.' Steel Hunray Ny Bwitt & Co Olin Mathieson Coston Pet Curtia Curtis Wr Royal Decca Mec Deora Textron Sayanny Standard Oil New Jersey Doug Aire Chrysler Union Carbide Sal Ward du Fant Ait Lin Ab Pontrose Alcon el & Mun Attech Ayers National Steel Erle Unt Fruit Goodrich Kennecott Faireh Norfolk Firestone M&m Eastman Kodak Food Faireh Aon Aliied Chemical Nynam Goodyear Va Caro American Stock Exchange Pric- Gen Motore Wison & Col British Petroleum U. S Full Goodyear Ua Woolworth Creole Petroleum Barium Grace & Co Worthington Zenith Heyden Paver Bridgeport Brave Bullard’ Company Tan Sonnx Dhan Casco Products Crane Company Jone A Loy Harvey Hubbell Kaiser al Tb Menal Vere Underwood Corp Sv Ling & My de United Aircraft Lorinara Rit Auked Marine Mid Avia Insur Martin Co AMY Hartford Fire Nottter Olvissve Istandard Connecticut Connecticut Industries Walker & Go American Exchange A. M. Eidder & Co. Inc Uy. Lust Felmont Petroleumt Harvey Ubbell Kaiser Industries Pantepec . Bee Binger United Aircraft Products Isouthern CO Aluminum England Good Housekeeping Parents' Magazine Modern 3 Bay East Main ST Meriden Middletown Toans Tou Babe United Loan Corp Fairfield Ave Western Union Abdabababaaabaa
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