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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Mar 08, 1958

Page

24

Dividends list from various corporations with payment and record dates

A compilation of declared quarterly dividends and payment dates for numerous companies. Entries cover Radio Corp of America Mile Inc Shamrock Oil and Gas United States Sugar Sorg Paper Consolidated Investment Trust Gas Industries Fund Incorporated Income Fund Leonard Refineries Detroit International Bridge York Corrugating Steel Co of Canada Canadian Industries Southern California Water Foremost Dairies Lehman Dome Mines Wayne Kuitling Mills Helena Rubinstein Skil Corp with amounts ranging from 3c to 62 1 2c and payment dates from March through June, plus March 12 record dates where given.

Meretyre Percupice Mines, Ltd Radio Corp. of America Reg Guar Mile, Inc Shamrock Oil and Gas Corp United States Sugar Corp Sorg Paper Co Consolidated Investment Truss Gas Industries Fund, Inc Incorporated Income Fund Leonard Refineries, Inc Detroit International Bridge Co Reguar York Corrugating Co Steel Co. of Canada, Ltd Canadian Industries, Ltd Southern California Water Co Foremost Dairies, Inc Lehman Corp Dome Mines Ltd Wayne Kuitling Mills Helena Rubinstein, Inc Skil Corp

Discount Rate Cut by Three Federal Reserve Banks

Three Federal Reserve banks cut the discount rate by a half point to 2.25 percent effective tomorrow. The New York Philadelphia and Chicago banks lowered the rate from 2.375 percent, marking the second cut since late January and the third since mid last year. San Francisco remains at 3 percent. The move aims to align with short-term market rates and spur business by cheaper credit.

New York Federal Reserve Philadelphia Chicago San Francisco Philadelphia Federal Reserve

California Packing Reports Record Sales for Year

California Packing Corp. announces consolidated dollar sales for the year ended February 28 rose about 1244 percent from the prior year, a new high. Earnings will be issued in May with the annual report. Sales totaled $287,632.26. a regular quarterly dividend of 58 cents is payable May 15 to holders of record April 23.

San Francisco California Packing Corp Roy G. Lucks

Du Pont to Build New Dacron Plant in Tennessee

Du Pont will construct a new Dacron synthetic fiber plant at Old Hickory Tennessee with a 58 million pounds per year capacity for filament yarn and staple fiber. Construction starts immediately and first production is slated for mid-1959. The project could double Du Ponts Dacron capacity relative to the existing Kinston North Carolina plant.

New York du Pont Co Old Hickory Tenn du Pont

Cuban Atlantic sells Hershey Properties to Chiriqui Mills

Cuban Atlantic Sugar Co. completed the sale of its Hershey Properties to Chiriqui Sugar Mills for 24.5 million dollars. The deal includes 5 million in cash and 19.5 million in short term collateral trust notes. The stockholders approved both the sale and plans to liquidate Cuban Atlantic, with initial liquidating distributions set for this spring.

New York Cuban Atlantic Sugar Co Hershey Chiriqui Sugar Mills Corp John L. Loeb Cuban Atlantic Loeb de Golfo

Stock Boost Sought by Metal and Thermit

Metal and Thermit Corp seeks stockholder approval to raise authorized common shares to 1,200,000 from 860,000 with shareholders to vote at the April 10 annual meeting. Directors would rise to 12 from 10. President H. E. Martin cites expansion opportunities and future needs, with no current plans for further issuances.

New York Metal & Thermit Corp Today H. E. Martin

Wall Street Holds Gains Amid Mixed Friday Trading

Wall Street maintained gains in a five day winning streak as traders took caution before the weekend. Late trade leaned up as prices firmed with mixed results across sectors. aircraft, motors and building materials higher while rails slipped after a brief rally.

New York

Sinclair and Cities Service to subscribe to debentures offer

Subsidiaries of Sinclair Oil Corp and Cities Service Co holding 30 1/2 percent and 31 41/100 percent of Richfield common stock indicate they will subscribe to the full debentures offer, totaling $31,019,400.

Sinclair Oil Corp Cities Service Co Richfield

GE Louisville plant to suspend home laundry unit for a week

General Electric announces closure of its home laundry department at the Louisville appliance park for one week starting March 33 idling 1,500 workers. The department will lay off 190 indefinitely as part of the shutdown. In New York Merril Lynch says Public Service Electric & Gas Co five point zero five percent preferred stock was oversubscribed with a 250,000 share offering.

New York General Electric Louisville Merril Lynch Pierce, Fenner & Smith Public Service Electric & Gas Co

iShoe Output Sets Record for January Boston

January shoe production across the industry reached 3,441,000 pairs, a 38-10 percent increase over 1957. Bureau of Census figures surprised the sector, contrasting with circulating industry sentiment. National estimates had ranged around 49,200,000 pairs, down from 53,465,000 in January 1957 but higher than December.

Boston Bureau of Census Tanners Council National Shoe Manufacturers Association

Tin Council Keeps 40 Percent Export Quotas

The International Tin Council announced that 40 percent export quotas on shipments from the six main tin producing nations outside Russia will stay in place through June. The decision followed three days of talks and comes as market observers await full effects on prices. The council will review quotas for the third quarter at its April 29 meeting.

London Russia International Tin Council

Defense Contracts Awarded to Multiple Firms

The Navy grants Raytheon 10.98 million for shipboard radio sets. Other awards include Hoffman Labs 10.96 million for electronic reconnaissance, Diamond T 6.55 million for trucks, Harnischfeger 5.59 million for crane shovels, GM Truck & Coach 5.34 million for autos, Douglas Aircraft 4.76 million for missile launch gear, Ford 4.25 million for autos, Western Electric 2.40 million for Nike-Hercules work, Aircraft Radio 33.26 million for radio sets, Aerojet-General 2.28 million for jet assisted take-off units, Phelps Dodge Copper 1.77 million for telephone cables, and additional naval turbine motors totaling 1.51 million.

Washington Navy Raytheon Manufacturing Co Hoffman Laboratories, Inc Air Force Diamond T Motor Car Co Army Harnischfeger Co GM Truck & Coach Division General Motors Corp General Services Administration Douglas Aircraft Co., Inc Ford Motor Co GSA Western Electric Co Aircraft Radio Corp Aerojet-General Corp General Tire & Rubber Co Phelps Dodge Copper Products Corp Corp

Wall Street Gains Fuel Investor Optimism

Wall Street bulls gain morale after five days of steady advances. F W Woolworth highlights dividend stability and a 6.1 percent yield as positives. International Telephone and Telegraph expects higher 1957 earnings than 1956, with better than 3.92 a share. Wisconsin Public Service projects 1958 earnings around 1.75 versus 1.68 prior year. First National Stores forecasts modest year end sales and earnings growth through March 29.

New York INS Wall Street F. W. Woolworth Commonts Reynolds & Co International Telephone & Telegraph Wisconsin Public Service First National

Belgian Copper Prices Raised Again by Union Miniere

For the second time this week Union Miniere du Haut Katanga announced a copper price increase to 23 14 Belgian francs per kilo 218 100 cents a pound basis New York and Antwerp. The rise is about 1 5th of a cent from March 5 when the price was raised 1 2 cent.

Brussels Union Miniere du Haut Katanga New York Antwerp

Parmelee Transportation declares quarterly dividend and extra

Parmelee Transportation Co declared a regular quarterly dividend of 12 1/2 cents plus an extra of 1 dollar on common shares payable March 38 to holders of record March 18. No extra was paid last year. Saco-Lowell Shops directors took no action on common dividend. last payment was 15 cents in December with 15 cents in September and 35 cents in June and March in 1957.

Parmelee Transportation Co Saco-Lowell

World War II Lend-Lease Ships and Fluorescent Tube Fact

The United States sent Russia 585 naval craft including frigates and icebreakers during World War II. An additional 121 merchant vessels were sent under lend-lease. A modern fluorescent tube uses less than half the electricity of the incandescent bulb.

United States Russia

Harvesters Profit Dips. International Harvester Posts 6.81 Million Net

International Harvester reports quarterly net income ended Jan 31 of 6.81 million dollars or 39 cents a share, down from 6.14 million or 51 cents a year earlier, with net sales dropping to 218.73 million from 253.14 million. Chairman John L. McCaffrey and President Frank W. Jenks note no broad uptrend yet, citing mixed signals in the US and Canadian economies. Other firms show varied results including National Cash Register and Gulf Sulphur.

International Harvester Care John L. McCaffrey Frank W. Jenks United States National Cash Register Co Gulf Sulpher West Penn Electric Ca

Also Mentioned on This Page

California Norman F. Dacey & A Bia Atomie Devel Canada Commonwealth Income Fund Commonwealth Invest Bes Vipac Raton & Hon. Bal Fidelity Fund Massachusetts Investors Mass. Investors Trust Pioneer Fund Electronics Fund The Wellington Fund Newman F Dacey State Street Fairchester Service Corporation Automotive Leasing Westport Cons D. Box Ami Ca Dacron Metal & Thermit America Garmien New Haven Taft Hotel Olympic Stromberg Risen Rg Zenith Telefunken Barney's East Main Street Weer Beardeley Park By ED Morse Dow Jones Tevee Cleese TR Na Aeons Mats Tevet Ae Teehee Los Angeles Richfield Oil Corp Esseue SEC Tivelien Gendsbsiehs Eee Charles S$. Jones Royal Dutch Shell U S Chrysler Yu Stenesee St Unc Beth Su Cona Alumni Ltd Sreeeees Borg Sunray Oil Stevens Iguanas Eee Fey Merrill Lynch Blyth & Co Perce Seles Hish Low Rick Low Laat Abbott L E ' Ag Mont Dout Monier Ate Reduc Alco Mont Ward Za Associated Press Allez Lad Nat Dalry Allied Ca Allied Alum Ltd Even &K Boschbne North West M&fdy Ara Motors Ohio Edis Ween Am Smeltty New Jersey Pac G&et Armeo Armour & Co Asbloo London Metal Exchange Asd Sry Atchison Pulver Phelps Tasey ADM Aly Ae PO Phileone Bald Lima Philip G&e Bait & Oh Bendix Shell Trans Benguet E&g Beth Steel Boeing Alr General Motors Borden Raytheen U. S. Steel Budd Co Chrysler Bullard Burland Burroughs Reyn Lea Safeway Ia Te 13 ” and In Stl San F American Telenv We &T Schenley Ib Schering Groy Sinclair Spapac Sears Roeb Kennecott Douglas Airvene Colo Fair Illinois Central Sperry Ad Amer- Coml Cred 2.80 5A 53% 5% ‘Spiegel Sid Arand Ada Southern Pacific BT Antena U. S. Rubber Wey American Stock Exchange Consum Old Stauf Ch Swift & Co Curtis Pub Curtisser Creole Petroleum Elec- Cutler Texas Co Okiep Decca Rec Tex Jay Deere Vasene Tex Ins Ternational Petroleum North- del Lawa Aboes Tex P Bome Textron Dougeiic Tidewat U. S East Air cl &@ Mus Erie RR United Cp Fruit al Firestone Foot Fair Ford M&m Osnam al OI Oite Ois Li Steel Connecticut Industries Gen Motors Ann Vanad Co GH. Walker & Co Gillette Zawea Penn E&i I Astea West UN Tel Goodrich Grace & Co Wests Fl Atk Associate Spring Wie Wilton & Co Burndy' Oy Wy Greyhound Isis Woolworth Itu Cuno Ene Pia Surpry Worthington TBS Zenith Red Miti Sk Emhart Heyden Kyi Fafnir Farrel Birmisakem Koust Handy Harmage Landers Frary Clark Sten Hary City Trust New Britain Machine Judd We Bridgeport Chast-Manha Johns Man Torrington Co Lacke Steeley Kaiser al Veeder Root Als McKesson & Robbing Remington Arms Lehigh Cas Ag'y Ic Hanover Irving Trust Ramey & Co Underwood Corp Atreratt SS McNan QM Arrany Liga & My Ua Trust Pet Hidrmuiic Loew's Ae A Univ Lest American Marecaibe Ay Marine Casco Aetna Insurance U By Martin Colech Ab A Atina Life Harvey Hudbeil Menger Merck Kaiser Industries Merr Pantepec Steere Hartford Fire Singer Teckmester Rational Fire Tex East Tram United Alreran Pa Moasss United Dien Travetern Weel Mess Co Smith, Ramer & Os Connecticut Richfield Oil Files Ishoe A. M. Kidder & Co,. Incy TIN Council American Exchange M. Kidder & Co. Inc Init Ramsay Wall St Jay James Fairfield Avenue United Loan Corp Kay United Loan Inc Fairfield Ave Cor Main ST Western Unica Ray Gaynor Rubeer Eee Ava Geaty Barnum Ave Stratford Pry Harmony Broadbridge
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