New England Electric System to Sell 968,549 Shares
Directors announce plan to offer 968,549 new common shares with initial allotment for stockholders at one extra share per 12 held. Employees will have opportunity to buy any unsubscribed shares during the offering starting April 1.
MENTIONED IN THIS ARTICLE
Boston
New England |Electric System
Beneficial Finance Reports 1957 Net Income Rise
Beneficial Finance Co reports 1957 net income of $20,152,232 or $1.91 a share with operating income up to $10,943,290. National Lead Co posts 1957 net $56,251,506 or $4.64 a share on 11,646,602 shares, versus 1956 results. Other companies listed include Boeing, Coca Cola, Minneapolis Honeywell, Celanese, Moore, and more with various nets, earnings per share, and revenues.
MENTIONED IN THIS ARTICLE
Beneficial Finance Co
National Lead Co
Boeing Airplane Co
Coca-Cola Co
Minneapolis-Honeywell Regulator Co
Chicago Pneumatic Tool Co
Celanese Corp. of America
Moore Corp. Ltd
Texas-Miners
Natural Gas Pipeline Co
Northeast Airlines, Inc
G. D. Searle & Co
National Malleable & Steel Castings Co
Calumet & Hecela Inc
Powdrell & Alexander Inc
Vendor O
Norris-Thermador Corp
Coco Steel Products Corp
Minneapolis-Moline
Havey Industries Inc
Townmotor Corp
Square D Co
Astor Regains Name in New York Real Estate Swap
The Astor name returns to a Times Square hotel after a $3 million real estate exchange. Sheraton Corp trades the Sheraton-Astor and two East Side blocks to Webb & Knapp subsidiary led by William Zeckendorf, gaining the Ambassador hotel in return. The deal had been announced earlier.
MENTIONED IN THIS ARTICLE
New York
Astor
Times Square
East Side
Sheraton Corp
Webb & Knapp
William Zeckendorf
Sheraton
Ambassador Hotel
Sheraton-Astor
Auto Big Three Slump in Early 1958 Output
Detroit March 4. General Motors Ford and Chrysler report sharp declines in February 1958 production versus a year earlier. GM output last month 266,272 cars and trucks versus 315,550 in Feb 1957. Ford 130,491 vs 200,842. Chrysler 46,788 vs 131,274. Year to date totals fall accordingly.
MENTIONED IN THIS ARTICLE
Detroit
Erat Motors
Ford
Chrysler
Seneral Motors
Market Advances Third Day Amid Mixed Oils and Defensives
Stocks edged higher for a third straight session with oils leading and metals and chemicals showing gains. The Associated Press index rose 10 cents to 160.20 as 1,118 issues traded, 556 up and 325 down. leaders included Curtiss-Wright, Hayes Industries, and Miami Copper amid a backdrop of dividend cuts and soft January construction, February auto output, and steel industry improvements.
MENTIONED IN THIS ARTICLE
Associated Press
Curtiss-Wright
Hayes Industries
Miami Copper
Rome
Market Gains Lift Investor Hope Amid Dividend News
Connecticut stock activity shows optimism as 16 issues rise among the top movers. Graham Paige climbs after announcing a spin off and first dividend in 30 years. Seaboard Air Line and Cerro De Pasco gain on relief new cuts were not worse. Merck advances on patent ruling. Sperry Rand gains with Air Force contract. American Exchange volume around 540000 shares.
MENTIONED IN THIS ARTICLE
Graham Paige
Busyrus Erie
Rome
Seaboard Air Line Railroad
Cerro de Pasco
Chesapeake & Ohio
Havey Industries
Sperry Rand
Air Force
Merck
Amerada
Allied Chemical
Goodrich
Radio Corp
Kennecott
Afcoa
American Stock Exchange
Lousiana Land
Stee
Northyeast Airlines
Creole Petroleum
Heirs Launching Proxy Fight For Control Of Pabst Brewing
A group led by R E Pabst plans an eight vote slate to take control of Pabst Brewing Co. They say proxies start now for the April 2 annual meeting. The group claims to represent well over one third of about 4.11 million shares amid four to eight years of declining sales and profits.
MENTIONED IN THIS ARTICLE
Pabst Brewing
Chicago
R. E. Pabst
Pabst Brewing Co
Pabst
Cantrel
David A. Pabst
Carl J. Snaarh
Pabst heirs and Shifts in dividends across several firms
Bucyrus Erie's 25 cent common dividend payable April 1 to record March 14 amid Pabst heirs dispute. Cable Corp and Plexboard Air Line Rail announce 25 and 50 cent dividends with records dates mid March. Midland Steel and Usual gas rents noted. Chesapeake & Ohio reports February net income 2.12 million, 26 cents per share, down from last year as gross revenue falls from 31.97 to 25.24 million.
MENTIONED IN THIS ARTICLE
Dow Jones
Wren
Rails
Utilities
Bean Emeny
Steer Ewene
Reg Quar
Royal Dutch Eas Unchi Union Twist Drill Co
Usua
Lorillard Ee
Wenbatees Sree
New York Trust Co
Reguar
SONI
Graham-Puigeee
First National City Bank
Eof
Phillips Pete Tete
New York
Beth
Philadelphia National Bank
Decca Records
Bankline Oil Co
State Street Investment Corp. A
Connecticut Industries
G. HL Walker & Co
VOSF
Nictaphone Corpo
Fafnir
Farrel Mirmingham
Handy Harman
Kertte Et « Uf Pet
Landers
Frary Clark
Marin Fockowe
New Britain Machine
North Judd Basen
Deter Paul
Nebee
Plume At
Maine
York
Motorola
Miller Mfg. Co
Allied Stra
Nat Dairy
Alum Ltd
H.W. Lay & Co. Inc
Amerada
Am Airlin
Nat Theor Y
South Penn Oil Co
NY Central
É& SL
NH & Mart Ra
Central Indiana Gas Co
NorféWeat
Cincinnati & Suburban Bell Team
Nor Pac
Wensus
Ephone Co
Tel & Tel
Ohio
JOU Collins Radio Co
Oliver
Yay Way Consolidated Royalty Oil Co
Atmeo
Amour & Co
Pa Pwa& Lt
Aveo Mfg
Bald Lima
Philip Mor
APA Son
Phil Pet
Evers
Inc
Bendix
Benguet
Ste&g
Florida Public Utilities Co
Beth Steel
Boeing Air
Borg Wa
Raytheon Oe
Pacific Vegetable Oi! Corp
Briggs Mtr
Repub
Pay Band Co
Bullard
Republic Ae
Burl Ind
Rex
Reyn
Burroughs
Plough Inc
WM Sinclair
Chrysler
Ryan Consolidated Petroleum Cit Finan
Citex
Ve 52 Corp
Abts
Souther Co
Coly Palm
Sperry
PES Ltd
Colum Gas
Coca-Cola Co
Bord Lock & Mig. Co
Interlake Steamship Vo
OS Sunar
Cosden Pet
Suit & Co
Bee
Crane Co
Texas Co
Curtiss We
Kaiser Steel Corp
Tex Ing
Sim
Deere
Ot Textron Steeee
Airc Ja
du Pont A
McLean Trucking Co
Air Line
East Rod
Unit
Aire
Mississippi Shipping Co. Inc
Ay United Co
Erie
UN Gas Co i
National Terminals Corp
Reg Firestone
Vanad Cp
Gen Klee
Él' W Penn el
Gen Fas
West UN Tel
Standard Dredging Corp
Gen Motors
Wests A Bk
Goodrich
Wests
Coodscar
Wilson & Go
Woolworth
Art
Timmerman Products Inc
Scare & Cn
Zao
Worthington
Yont Bo & T
Greyhound
Bay
Hesden
United Printers & Publshers Not -Bo
Howe
Avan
Idan
Mtr Trust
Nat Bk
Bankers Trust
U. S. Vitamin Corp
Bank of NY
Tace Ag
Chemical Com
West Virginia Water Service
Jtoms Man
Empire
Sey M
Jones & le
Kateee
Guaranty ‘Trust
Wey Tay
Kernit Gare
Hanover Bk NY
Irving Trust
Lenin
Mtrs Trust
Western
Maryland
Pat NY
McNaLao
Blige & Ms
Floekh Aire Tach
Beatrice Foeds Co
Lord
Decca Records Inc
Aetra Insurance
Aetna Life Qi
Rch
Martin von Titep
Peertens Insur
Monsen
Harris Perlstein
Reme Cable
Pabst Heirsess 6 Corp
Pabst
Perlstein
Midland Steel Products Co
J. O. Rossing
Ment
Delay Stores Inc
Plexboard Air Line Railroad Co
Cleveland
Chesapeake & Ohio Railway Today
Bridgeport Gas Co
J and L Sees Steel Nearing Bottom
Jones & Laughlin Steel Corp leaders Ben Morrell and Avery C. Adams say steel inventories and other factors signal the industry is nearing the bottom of its recession. They report 1,000,000 tons liquidated monthly for seven months and predict a near term bottoming out with a gradual rebound possible.
MENTIONED IN THIS ARTICLE
Pittsburgh
Jones & Laughlin Steel Corp
Ben Morrell
Avery C. Adams
Adams
Jones & Laughlin
Roger M. Blough
United States Steel
U S Court Upholds Merck Patent Claim
The Fourth Circuit Court of Appeals unanimously ruled for Merck & Co in its suit against Olin Mathieson over Merck patent No 2703302 for vitamin B12 concentrates. The court reversed a Virginia district court ruling on validity and remanded to address infringement.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Merck & Co
U. S. Court of Appeals For
Fourth Circuit
Inc
Olin Mathieson Chemical Corp
Merck
U. S
U. S. District Court
Virginia
Olin Mathieson
District Court
Also Mentioned on This Page
K. E. Electric
State Street
Sdinen
Grace
Sispecintas
CILCO
AN. Y. Deal
Eton Norman F. Davey & Associa
By ED Morse
BiAphied
Atomic Development Fund
Canada General Fund
Wellington
Epee
eTene Ea Commonwealth Investment
Haton & Hard Bined
Royal Dutch
Petey Fund
Lorillard Fundamental Investors
U. S. Steel
Jersey
Pioneer Fund
Television Electronics Fund
Otis Active Commonmithincome Fund
Shell Transport & Trading
Connecticut
Bf Kidder & Co
American Ormin
Bodgeport Broow AD Mallard Company
Vis Carew Products Ay Crane Company
Harvey Hubbell Glin
SeaKeagan Ranch
Val Tay
Urdemont Corp
American Exchange
A. M. Kidder
Om, Inc
Induare
Singer VS. Techmener
United Aires
Emith, Ramsay & Cy
Bill
Beneficial
Bridgeport
John Street
Edeon
Fairfield
Post Road
Center
Clearwater
Pstratford
Main St
Tuttle
Orexel
Jofin Thurs
Tg Morin
Berl
Smith, Ramsay & Ca
Sperry Rand Corp
Sperry Gyroscope Co
Air Matereiet Command
Dayton
Bucyrus
C&o
U.S
Hincks Bros. & CO
BPT
Conn
Midwest Stock Exchange
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