This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 15 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 17, 1958
Page
13
Royal Little announced Textron directors authorized a subscription offer to common stockholders. Each holder may buy one share for every ten held, with additional rights for unpurchased shares. Record date expected around July 14, 1958, and a registration statement to be filed with the SEC.
Tampa Electric announces a planned bond issue of 25 million dollars to fund expansion and modernization efforts. The move aims to strengthen infrastructure, with officials citing long term reliability and service improvements for customers.
Inflation sparks stock price reactions and a shift to fixed income as bears warn profits slide. First quarter profits fell by about a third from 1957, with 144 companies omitting dividends and 241 cutting payments while only 32 percent raised them. Despite declines, some firms kept dividends, choosing resilience over earnings.
Merrill Lynch Pierce Fenner Smith and White Weld Co jointly bid 15 million dollars for Oklahoma Gas and Electric Co bonds. The first mortgage bonds due 1988 will be reoffered at 101 to yield 3.816 percent.
A persuasive newspaper advertisement pitches The Wall Street Journal to ambitious young men seeking higher incomes. It promises timely business and finance insights, notes rising costs and taxes, and urges a trial subscription for six dollars, outlining payment and mailing details.
San Francisco June 6. Pacific Gas and Electric Co announces a $52 a share subscription price for a forthcoming $53,781,000 common offering. The issue is underwritten by a syndicate led by Blyth & Co. Inc. The offering to holders of record June 17 on a 20 for 20 basis runs from June 23 to July 3.
National Linen Service Corp reports nine months net income of 2,742,952 dollars ending May 31, or 1.29 dollars per common share, compared with 2,966,849 dollars or 1.32 a share in the prior year. Other firms show mixed results across periods, including Hewlett-Packard, Lone Star Brewing, Distillers Seagrams, Belock Instrument, Wentworth Group, and regional utilities.
New York June 16 1938 steel production for the week is estimated at 1 730 000 tons by the American Iron and Steel Institute. The estimate represents 644 10 per cent of current weekly capacity based on an annual capacity of 140 742 570 net tons as of January 1 1938. Last week’s production was 1 728 000 tons or 4 per cent of capacity.
A proposed merger between Suntide Refining and Universal Products Co was abandoned after Suntide stockholders objected. Sunray and Suntide directors announced a two for one stock split instead, effective October, with a regular 40 cent quarterly dividend. Sunray holds about 4 percent of Suntide's 3,125,000 shares outstanding.
Detroit June 16 Directors of Udylite Corp took no action on the common dividend usually due at this time. The company said a letter would be sent to shareholders within the next few days explaining the action.
London reports increased Russian tin shipments undermine the International Tin Council price plan. The six main producers have contributed about 47.6 million dollars to the buffer stock, then restricted exports by roughly 40 percent, yet Russia’s outsized sales keep prices near the 730 pounds sterling floor. A London metal figure notes Russia outside the agreement can ship freely and sustain prices at or above the floor while the pool supports the market.
New York June 1. Arrangements completed for transfer of a New York Stock Exchange membership at 99000 dollars, up 8080 from previous sale. The latest transfer marks the highest level since September 21, 1950s when a membership sold for 69000 dollars. A seat currently bids at 86000 dollars and asks 35000 dollars.
The Housing and Home Finance Administration announced a $7,500 loan to Stonington Connecticut for planning a sewage system and treatment plant. The project is estimated to cost $832,500 with funds provided as part of federal housing program support.
National Fuel Gas Co declares quarterly dividend of 27 1/4 cents on common with July 15 payment and June 30 record. Selected American Shares and Champlin Ol Refining list varied quarters and July/August pay dates and June/July records. St Louis National Stockyards pays 75 cents on common July 1 with June 20 record. others include 71 1/2 cents class A at Stevens Markets and 27 1/2 cents Basic Products Corp. stock splits and notes on taxes and limited actions at Schick Inc. and Scheraton Corp of America declare stock dividends and regular quarters with July/August pay dates.
Hayes Industries Inc. today declared a 20 cent dividend on common stock to be paid July 25 to holders of record July 1. The company had paid 30 cents in the prior quarter.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.