Douglas Plans Big Bond Issue
Douglas Aircraft Co Inc plans a public offering of sinking fund debentures not exceeding 60 million dollars. The funds will go to working capital for general corporate use, including repaying short term loans and financing inventories and expansions. Merrill Lynch and Kuhn, Loeb underwrite the issue. Terms to be disclosed later.
MENTIONED IN THIS ARTICLE
Santa Monica
Douglas Aircraft Co. Inc
Donald W. Douglas, Sr
Merrill Lynch, Pierce, Fenner & Smith and Kuhn, Loch and Co
Natural gas find near Calgary by Jefferson Lake Sulphur Co
Jefferson Lake Sulphur Co says it completed a prolific gas development well near Calgary, the fourth on an 80,000 acre lease farm east of Calgary. The firm plans to sell at least 50 million cu ft daily to a major Canadian pipeline at 14 cents per thousand cubic feet.
MENTIONED IN THIS ARTICLE
New Orleans
Jefferson Lake Sulphur Co
Calgary
Canada
Jefferson Lake
Manley
Lorillard
Lukens
U.S. Steel
Polariod
Bethlehem
U.S. Tobacco
Carter Products
Zenith
Schick
International Nickel
Phelps Dodge
Youngstown Sheet & Tube
Allied Chemicals
Douglas Aircraft
American Stock Exchange
British Petroleum
Creole Petroleum
Florida Canada
International Petroleum
Arkansas Fuel ‘Oil
Diners Chub
Raymond Concrete
Ryan Aeronautical
Republic Industries
U.S
Cities Service Tops Billion In Sales But Earnings Slip
Cities Service Co announced 1957 record sales of goods and services exceeding a billion dollars, but profit fell from 1956 due to lower product prices. W Alton Jones, chairman, cited consolidated gross income surpassing the billion-dollar mark for the first time. Net income was 50.18 million or 5.63 a share on 39.52 million shares, down from 62.15 million or 6.03 a share on 10.31 million shares in 1956. Other firms reported varied 1957 results, including Seaboard Oil, Champlin Oil & Refining, Canadian Oil Co., and Midwest Oil Corp, with mixed net incomes and per-share figures.
MENTIONED IN THIS ARTICLE
Cities Service Co
W. Alton Jones
Cities Service
Seaboard Ol& Co
Champlin Ol & Reflalag Co
Canadian On Hee Ltd
Midwest Oil Corp
Foremost Dairies Inc
Sales Co
Ree Ubs Etenances
Lukens St
US Steel
Beth Steel
Corning Glass Works
Und. Anderson, Clayton & Co
Howard Smith Paper Mills Ltd
Interlake Iron Corp
Simmons Co
International Salt Co
Dominion Tar & Chemical Co., Ltd
Canadian Westinghouse Co. Ltd
Pan American Sulphur Co
American Factors Ltd
Neptune Meter Co
U S Hoffman
U S Tobacco
Sid Ons
Gen Motors
Fe Reale
Aishton
Monter Oil Admira
Mont Ward
Motorola
Ag Allee Pt
Allied
Amerada
NY Central
Am Bosch Tb
NHE& Mart
Am Gas & el Td Vwany
Am. M&fds
Nor Pac
An Motors
Am Gas
Onlo OM
Am Tel & Tel
Oliver Cp
Pac G & Er
Bray
Armour&Co, T
Pfizer
Phelps
Atchison
Philco
Ball & Oh
E&g
Bendix Av
Ya Benguette
Pullman Js
Pure Oi
RCA Ja
Ray
Reyn
Bullard
Burroughs
Schenley
Sears Roeb
Ae Os Am Sinclair
Southern Co
Sperry
Slaulf
Sancey
Swift & Co
Cosden
Texas Co
Curtis Pub
Curtiss Wr
Decca
Tex Pc&o
Tex
Nei. & W Ln
Doug Airc Ze
du Pont Ate
UN Carbide
East Air L
Air Line
Fl & Mus
United Cp
M&m
Drnam
Atk
Atk Embart Gen Tub
Worthington
Grace & Co
Bundy
Grerhound
Zenith
Farrel Hirmingham
Handy Harmen
Grum Aire
Gulf
Vos
Kerita
Wesden
A. M. Kidder & Co, Inc
Es Landers
Frary Clark
Yith Rockwell Ta A
Hoyt L. & P
Astraie New Britain
JON Tions Sinfra
North Judd
Reidweport Hrass
Peter Paul
Plume
Atwood
Raeater
Railard Company
Wales
Casco Products
Yatk Safety Industries
Crane Company
Blaney Works
Harvey Hubbell Ay VC Torrington Co
Tile Roofing Co., Inc
Locke Steelder
Veeder Roof
McKesson Robbing
Raybestos Inc
Cate Jones & LL
Underwood Corp . Oer
United Aircraft Sayan
Smith, Ramsay & Co
Tage & My
Maine
Lockhole
A.M. Kidder
Colac
Bankers Trust
Rob Hild Kier
Lorilard
Tance & Bla
Kiectie Rong Moor
New Haven
Martin Cn
DON Harves Hubbel
Empire
Amer Fid
Keleer Industries Ant
Tartepec
Guaranty Trust
Hartford Pine
Hanover
Ites
Ime Trust
West
United Sage
Botany Mills Declares First Dividend Since 1952
Botany Mills Inc announced its first dividend on its 5 percent $15 par cumulative convertible preferred, 34 cents per share, payable April 10 to holders of record April 1. Chairman A M Sonnabend cited favorable 1957 results and upbeat 1958 outlook. Prior common dividends ceased in 1950. two outstanding preferred issues show arrears.
MENTIONED IN THIS ARTICLE
New York
Botany Mills, Inc
A. M. Sonnabend
Botany
Chrysler Plans Mass Changes In Detroit Area Operations
Chrysler Corp. announced a mass change affecting six Detroit area plants in body and engine building and assembly as production of 1959 models begins. About 11,000 hourly workers affected, though a great majority not affected, as the company coordinates operations for full use of newer facilities in the Detroit area. Imperial body building and assembly will move from Jefferson to Warren Avenue plant.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Imperial Cars
Jefferison Avenue
Warren Avenue
Mutual Funds and Chrysler Engine Moves Across Plants
A financial clipping lists various mutual funds with price quotes and notes a restructuring of Chrysler engine and body operations. The Warren avenue plant will convert to a combined body and assembly site for Imperial cars, while De Soto division offices stay at the Wyoming plant. Engines will move to the Trenton plant, with De Soto moved to Jefferson, and Dodge engines to be produced at the new location as part of the consolidation.
MENTIONED IN THIS ARTICLE
Woslag
Norman F. Trevey & Aspecisies
Ana Altietech Fund
Eee Atomic Development Fund
DeSoto
Jefferson Avenue
Mound Pioneer Fund
Television Electronica Fund
Trenton
Mich
Wellington Fund
Chrysler
William
Kk Be Oeace
Jians
Il Mase Investors Trust
Dodge
Wall Street Falls Again After Brief Rally
Wall Street extended losses for the third straight session as the market opened weak, drifted near its lows, then trimmed some declines late. Volume was moderate with about 2.07 million shares traded. the Dow fell about 30 cents in the AP average, while rails and utilities slid. Short interest data due tomorrow, and the Fed cut reserve requirements by 0.5 percent across banks. Lorillard led activity with 86,700 shares, rising 2 7/8 as a broker forecast first quarter earnings. several other issues moved modestly with mixed results.
MENTIONED IN THIS ARTICLE
Walter Bussewitz
New York
New York Stock Exchange
Federal Reserve Board
Washington
Associated Press
Campbell Soup six month income and sales rise with gains
Campbell Soup Co reports six month net income of 16.581 million or 1.55 a share, up 5 percent from 15.694 million or 1.47 a share. Sales climb 12 percent to 254.81 million from 228.14 million. Also notes 1957 earnings for Foremost Dairies and other large industrials with various year comparisons.
MENTIONED IN THIS ARTICLE
Campbell Soup Co
Connecticut Industries earnings compare 1957 results and share values
Connecticut Industries reports 1957 net earnings of 1,542,429 or 3.55 a share for G. H. Walker & Co. Chicago River & Machine Co. 1,443,450 or 3.32 a share. La Consolidada shows 1,560,620 or 2.20 a common share versus 1,676,341 or 2.53 a S. 5. Dental Mig. Co. posts 1,140,346 or 3.10 a share against 942,461 or 2.56 a share.
MENTIONED IN THIS ARTICLE
Chicago River & Machine Co
la Consolidada
5.A
Dental Mig. Co
Dividends Declared by Major Firms in April and May
A list of quarterly and semi annual dividend payments along with payment and record dates for firms including Hevi-Duty Electric, Institutional Growth Fund, Massachusetts Investors Trust, Motorola, National Tack Co, Noxema Chemical, Reda Pump, Rockwell Aircraft, American Shares, Trans Caribbean Airways, Basic Products, Beaten, Deniger Lac, and U.S. Shoe Corp. Details cover per share amounts, payment dates, and record dates, with several notes on past quarter comparisons.
MENTIONED IN THIS ARTICLE
Hevi-Duty Electric Co
Institutional
Massachusetts Investors Trust
Motorolame
National Tack Co
Noxema Chemical Co
Reda Pump Co
Rokr Aircraft Corp
Se American Shares Inc
Trans Caribbean Airways Inc
Basic Products Corp
Deniger
U.S. Shoe Corp
American Chain reports 1957 sales and income dip
American Chain and Cable Company Inc. reported 1957 sales of 116,094,621 and net income of 6,781,043 or 5.93 a share, down from 117,616,377 and 7,477,240 or 6.80 a share in 1956. Dividends of 2.50 a share totaling 2,748,172 were paid. Net worth rose to 54,905,151 and equity per share to 48.03. President Cyrus N. Johns cited quarter three strength but a weak final quarter, with ongoing product and facilities improvements and expanded R&D.
MENTIONED IN THIS ARTICLE
New York
American Chain & Cable Company, Inc
Cyrus N. Johns
Also Mentioned on This Page
Douglas
Norman F le Cho
State Street
Rapwin Pearson
Penn-Texas
Lessner & Rottner
Main Street
Manchester
Conn
Bantam
Kodak
Frank McGuire
State ST
Wall Street
Dow Jones
Campbell Soup
Foremost Dairies
Connecticut
Connecticut Industries
G. H. Walker & Co
Smith, Ramsay & Coy
Tsay
City Savings Bank
Family Bank
Bridgeport
Stratford
Paradise Green
Member
Federal Deposit Insurance Corporation
Mie
le Age
Uso
Sunshine Picture Tube
Barney's
T.V
Eest Mein St. — Neer Beardsley Park
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