Du Pont Reports Peak 1957 Sales and Rising Profits
Du Pont shows 1957 sales of 1.965 billion dollars and record 220 million spent on plant and lab expansion. Net income reached 396.6 million, or 8.48 a share, with operations earnings up four percent and return on operating investment at 11 percent. Dividends remained 6.50 a share, and in all 89,310 employees were on the payroll. The year included six new plants and 80 million spent on R D, with strong demand in textiles and related lines.
MENTIONED IN THIS ARTICLE
Wilmington
Del
du Pont Company
Crawford H. Greenwall
General Motors Corp
Greenewalt
Wear End
Cuno Reports Peace Time Sales Peak in 1957
Meriden March 10 AP The Cuno Engineering Company announced 1957 net sales rose to over 7 million dollars, a 13 percent gain from 1956. The annual report shows pre tax profits reached 1,232,606 dollars, up 39 percent from the prior year.
MENTIONED IN THIS ARTICLE
Meriden
Cuno Engineering Corporation
Murray McConnel
Chrysler backlog rises on defense orders in 1958 report
Chrysler Corp reports a backlog of 300 900 000 in 1958 defense orders, up 200 million from the previous year. The present backlog includes missiles tanks trucks and other military equipment. Jupiter and Redstone missile production at Warren Michigan proceeds on schedule. Financial details were released last month.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Redstone
Warren
Mich
Dividend announcements from diverse companies and funds
A compiled list shows quarterly and regular dividends from firms including St. Louis Southwestern Bay Co, Federal National Mortgage Association, Fisher Governor Co, Kennedy's Inc, New Britain Machine Co, Park Chemical Co, United Stockyards Corp, Windsor Industries Inc, Griesedleck Co, Ciocianatt Gas & Electric Co, Hartford Stores Inc, New York Home Insurance Co, First Pennsylvania Banking and Trust Co, New York Federal Insurance Co, Central Public Utilities Corp, Mansfield Tire & Rubber Co, National Shares Corp, plus mutual funds such as Norman F. Darcey Associates and various investment funds. Details cover per share amounts, payment dates, and record dates, with some prior payments noted.
MENTIONED IN THIS ARTICLE
St. Louis Southwestern Bay
Federal National Mortgage Association
Fisher Governor Co
Kennedy's Inc
New Britain Machine Co
Park Chemical Co
United Stockyards Corp
Windsor Industries, Inc
Griesedleck Co
New York Federal Insurance Co
Stocks Edge Into Upside on Quiet Afternoon
New York March 10 AP Motors copper and selected issues showed a good showing as the stock market reversed an early decline to close irregularly higher. The edge to the upside grew clearer late as statistics confirmed gains. The market eased in early trading after a five day rise, then rallied with short covering and investment money nudging prices higher as the session progressed.
MENTIONED IN THIS ARTICLE
New York
Wall Street Stocks Turn Up Amid Mixed News For 1957
A 1957 earnings roundup shows Pittsburgh Plate Glass and Phelps Dodge reporting strong profits, while several peers reveal declines. Market activity included the Associated Press index rising and notable gains for Lorillard Polaroid General Motors and Lukens Steel as copper and auto sectors firmed.
MENTIONED IN THIS ARTICLE
News Ledger
Washington
Associated Press
Bon Amis
Firth Carpet
Mergenthaler
Lorillard
Polaroid
General Motors
Royal Dutch
American Meal Climax
Lukens Steel
Lonnard
Bell and Howell
Kennecott Rose
Anaconda
Pheh Dodge
Parke
Davis Rose
Merck
Dougis Rose
United Aircraft
Insurance Stocks and Local Industries Ledger Notes
Insurance stocks prices from girrysh with Ramsay and Cap listing. Local industries from A. Sf. Kidder Co. Inc. American Exchange entries originate from AM. Kidder Co. Inc.
MENTIONED IN THIS ARTICLE
Girrysh
Ramsay & Cap
Local Industries
A. Sf. Kidder @ Ca. Inc
American Exchange
AM. Kidder
Ca. Inc
Connecticut Industries listed with 1957 earnings across firms
The report shows 1957 results for several Connecticut and Pittsburgh firms. Highlights include Pittsburgh Forgings Co net of $1,956,695 or $3.02 a share and Foster Wheeler Corp net loss of $823,874. Century Electric earned $437,191 or 80 cents a share while Leath & Co posted $544,532 or $3.43 a share. Other figures cover McQuay-Norris, Lynch, Micromatic Hone, Cenco Instrument, Standard Tab Co, Callahan Zinc-Lead, and Vulcan Silver-Lead with varying net amounts and per share values.
MENTIONED IN THIS ARTICLE
Pittsburgh Forgings Co
Foster &Wheeler Corp
Century Electric Co
Leath & Co
McQuay-Norris Mfg. Co
Goveyvy
Callahan Zinc-Lead Co
Vulcan Silver-Lead Corp
Simonds Saw & Steel Sees No Upturn Yet
Simonds Saw & Steel Co reports no evidence of renewed demand as 1957 sales and earnings lag 1956. President Gifford K. Simonds notes inventories near minimum and forecasts 1958 sales to be lower than 1957, with potential improvement late in the year.
MENTIONED IN THIS ARTICLE
Fitchburg, Mass
Simonds Saw & Steel Co
Gifford K. Simonds
Simonds
Underwood Reports 1957 Loss and 1958 Production Outlook
Underwood Corporation reports 1957 consolidated sales of 83.44 million with a net loss of 685,580 on world operations. American Iron and Steel Institute records weekly steel output at 1,447,600 tons, 53.10 percent of capacity. prior week at 1,425,080 tons. Company notes 1958 first quarter loss due to December cutback, but cash position improved and furloughed workers returning to duty. Frank E. Beane states new products and revised distribution will boost efficiency and service.
MENTIONED IN THIS ARTICLE
New York
American Iron and Steel Institute
Cap&city
Underwood Corporation
United States
Son
Frank E. Beane
Underwood
Beane
Pitt Consol Near Pipeline Start
Pittsburgh Consolidation Coal Co expects its 168 mile Ohio coal pipeline to reach full commercial operations within 90 days. The line has run for up to three weeks with brief outages. initial test plugging delayed start. Pipeline aims to deliver 1,200,000 tons of coal yearly to Cleveland Electric Illuminating Co. for about 40 percent of its needs.
MENTIONED IN THIS ARTICLE
Cleveland
Pittsburgh Consolidation Coal Co. l
Ohio
Cleveland Electric [Luminating }Co
Lake Erie
Pitt Consol
Castle & Cooke Plans Merger With Helemano in Honolulu
Directors vote to merge Castle & Cooke Ltd and Helemano Co creating a new firm with assets above 40 million dollars and near 50 percent control of Hawaiian Pineapple Co. Stockholders vote April 30. exchange ratio 1.5 shares for Castle & Cooke per each owned.
MENTIONED IN THIS ARTICLE
Honolulu
Castle & Cooke Ltd
Helemano Co
Hawaiian Pineapple Co
Castle & Cooke
Helemano
A. G. Budge
Tatios
Sylvania Electric Debentures Priced for Public Sale
Sylvania Electric Products plans two $20 million debenture issues. The sinking fund debentures offer 4 3 4 percent coupon and mature March 1 1980 while the convertible debentures pay 4 1 2 percent and mature March 3 1983. Underwriters Paine Webber act as manager. Securities to be released after SEC clearance. Convertible into common at $4.40 a share.
MENTIONED IN THIS ARTICLE
New York
Sylvania Electric Products, Inc
Paine, Webber, Jackson & Curtis
SEC
Sylvania
Barden Net Drops in First Quarter
March 10 Danbury report shows Barden Corp. estimated net earnings after taxes and renegotiation of 174 300 for the quarter ended Jan. 31 1958. EPS 29 cents. Prior year net income 218 200 or 36 cents per share. Pre tax earnings 444 500 vs 579 400 year earlier. President J Robert Tomlinson cites defense slowdowns and steady development of miniature bearing sites with January February orders and a growing backlog.
MENTIONED IN THIS ARTICLE
Danbury
Barden Corporation
J. Robert Tomlinson
Barden
Tomlinson
Bank Stocks Prices Trade From Smith Ramsay Co
Prices from Smith Ramsay & Co list City Trust Qasr Com Nat Bank QM Bankers Trust Bank of New York Chase Manhattn Chemical New York Trust Hanover Bank Irving Trust US Trust and other listed banks with varied quotes and yields. The column includes percent figures and coded annotations such as 1.40 1.00 3.00 16.00 2.40 2.30 4.00 2.00 0.60 3.50 3-20 plus percent values like 16% 1.65% and 299 ABM 20187.
MENTIONED IN THIS ARTICLE
Kales Kalea
Daal Abbott Ty
Admiral
New Engel
NY Central
Fe Air Reduc
NY Cha
Az Ar
North West
Allied Bira
Allis Chal
Nor Pac
Aw Bosch
Ws Oliver
Am Ra
Bar la Az
Pac G & Fl
Am Ran
Pan AW Air
Am & F Pw
M& Fdy
Am Motors
Dees
Phelps
Phila el
Kmelt
Phileo
Tel & Tel
Philip Morpee
Armco Sil
E&ag
Atmaur&co
Pullman Ja
Asy
Atchison
Raytheon
Relin
Repub
Bald Lima
Rex
Reyn
Richard Oil
Bendix
Benguet
Beth Steel
Royal Dut Nee
Poeing Ale
Safeway St
SIL Sane
Borden
Berg Warn
Briggs Mt
Schenleyb
Budd Co
Schering
Pollard Sane
Seab AL
Burl Ind
Sears Roeb
Burrougne
Sinclair
Socony
Cdn Pacol
Southern Co
Cater Trac
SPM
Cen & SW
Sperry Rd
Spiegelseen BO
Sp&pac
Chrysler
Ioea Cola
Colt Paim
Colo F & i
Sunray
Swift & At
Colum Gas
Texas Co
Tex G
Tex Pc&o
Textron
Tidewat Oi Wat
Jolden Pet
Transamer
Orante Co
Curtis Pub
Frank G. Shattuck Co
Curtis W
Cutler
Derca Reedees
Deere Vy Wee
Alr Lin Wie
Waldorf System, Inc
Dl L&w
Aire 3
Uni Fruita
Bonylan
Aly
Tomen Min
UN Gas Co
Doug Altre
Bom
M & SC
Sri
Ag " du Pont
US Steel Él
W Tug Lt
Eaat Air L
Vanad Co
East Kod
Penn
Emar Rad
West Up Tel
Werte Fl
le Firestone
Bay
Wilson & Ca
Food Fair Ib
Ade Woolworth
Ford
Yngs
Sh & T
Zenith Radia
Nynam
Gen Motors
Goodrich
Goodyear
Ay Grace & Co
Greyhound
Grom Aire
Guil Mob & O Jn
Aetna Imurance
Herden
Aerna Life
Nout Lo & P
Hartford
Navona
Johns Man
Jones & L
Rhalser
Kennecot
Bridgeport Braie
Rulliard Company
Bo Men & L
Bix Lins & My
jMeckh Aire
Harvey Hubbel
Lovke Stee
Va Jaly "Loew's Y
Pincea
Smith, Ramsay & Co
Mekewon & Robbins
Tibane
Ha Rapbeatas Inc
Temingtom
Vileniard
Ory. Ri
Eip Bet
Maine
Merv Chas
Carl Vt
Sela Montan
Cary Hild Gas
Mat Hous Pub Ser
Cason Poaluc
Sen
Kamer Indurtrees
al Dairy
St Tratsent Gas P Ou
J's and
Gat
United Aucraft Products i
Net
Bove
United Num
Mats Co
City Trust
Nat Bk
QM Bankers Trust
Qs Bank of NY
Chase-Manhat
Chemical
Empire
First City Bk
Guaranty Trust
Hanover Bk
Gr Irving Trust
Ars Trust
NY Trust
US Trust
Raytheon Optimistic on 1958 Prospects
Raytheon Manufacturing Co reports 1957 profits of 4 823 170 dollars or 1 70 a share plus 72 cents a share non recurring income. Backlog of government business at end 1957 stands around 290 million with a 10.9 million rise from year start. A railroad to ore deposits near Franeville Gabon Territory will be built in French Equatorial Africa.
MENTIONED IN THIS ARTICLE
New York
Raytheon Mfg. Co
Charles F. Adams
Raytheon
Adams
Franeville
Gabon
French Equatorial Africa
Vertol clears path to acquire two Boston firms
Vertol Aircraft Corp. gains shareholder approval to issue 32,500 shares and 750000 dollars cash to acquire Allied Research Associates Inc. and its affiliate ARA Productions Inc. The move, approved by the board in January, may close next week and does not require further shareholder consent.
MENTIONED IN THIS ARTICLE
Morton, Pa
Vertol Aircraft Corp
Vertol
Boston Research and Engineering
Allied Research Associates, Inc
ARA Productions, Inc
Also Mentioned on This Page
du Pont
du Pont’s Fabrics and Finishes
Fairfield
Remington Arms Company, Inc
Badgeport
Remington
Fairchester Service Corporation Automotive Leasing
Central Public Utiliies Corp
Mansfield Tire & Rubber Co
National Shares Corp
Norman F. Darcey & Associatess
Athiated
Alona Development Fund
Caraga General Fund
Commonwith
Ealon & Hwid
Fide
Fundamental Investors
Mass Invistes
Mass, Investors Trust
Pioneer Fund
Televiene Electronica Png
Weilraton Fond
Sputnik
OUF
Ft Wall
By ED Morse
Pittsburgh Plate Glals Co
Phelps Dodge Corp
Richfield OU Corp
I | Hershey Chocolate Corp
Northern Indiana Public Service Co
Homestake Miming Co
Falstaff Brewing Corp
American Smelting & Refining Co
General Railways Co
Alco Products, Inc
American Maize Products Co
American Optical Co
General Cable Corp
Temco Aircraft Corp
Universal Cyclops Steel Corp
Kawneer Co
New Yorker Magazine, Inc
Peoples Drug Stores, Inc
General Telephone Corp
Union Carbide
American Telephone Up
American Stock Exchange
Diners’ Club
Scurry-Rainoaw
Oil
Louisiana
Middle States Petroleum
Fairchild Camera
Pacific Petroleum
U. S
Connecticut
Connecticut Industries
G. HB. Walker & Co
T Lynch Corp
Micromatic Hone Corp
Cenco Instrument Corp
Cenco Corp
Standard Tabe Co
Mr. BM Anked
Atk
Hernay
Stk Associate Spring
Burndy
Ak Cuno Eng
Dictaphone Corp
Stestk Emhart
Fafnir Bearing Sa
Farrel Birmingham
Handy Hacman Ou
Kerite
Landery
Frary Clark
Marlin Rockwell
New Britain Machise Pha
North Judd Ae
Peter Paul We
Plume Alwood Ter
Stk Safety Industries
Veeder Root Beeabee
Dow Jones
Marek J Lew
Gea
Simonds Saw & Steel
Sylvania Electric
BB C
America
Amance Company
HFC
Golden Hill St
Edison
River St
Roar Pool
Tricsty
Taay
Meena Rae
Vertol Way
Investors Mortgage CO
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