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Bridgeport Telegram in Bridgeport, Connecticut

08 May 1958

Page 24

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Bridgeport Telegram May 8, 1958 Page 24 old newspaper archives

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

May 08, 1958

Page

24

Beneficial Finance Reports Rise in First Quarter Profit

Beneficial Finance Co reports March quarter income of 35,319,269 dollars, 50 cents a share, up from 4,899,446 dollars, 46 cents, as operating income climbs to 29,587,218 dollars from 26,989,477. Other firms list varied 1957 and 1958 quarter results including General American Oil, New Jersey Zinc, Coca Cola International, Berkshire Hathaway, and American Bakeries with mixed earnings and losses.

MENTIONED IN THIS ARTICLE

Beneficial Finance Co Pacific Finance Corp General American Oi Co Texas W. A. Sheaker Pea Co New Jersey Zinc Co Interstate of Pipe Line Co Becca Records Inc Coca-Cola International Cerne Berkshire Hathaway Inc American Bakeries Co Biran Central Oear Han Allied Stars ASM Jn Auls Cor- Alam Ltd North West Nature Pac Bosch Ed Paria Ohio Oil Am &F Pan AW Air Am Motors Associated Press PaPwek Pfizer Phelps Philco New Armour Atchison Dow Jones Publick Indyl JM Pullman Aveo Mtz RCA Ja Raytheon Repub American Motors Rex Daig Benguet Iy Reyn Beth Steel Boeing Air Rohr Aire DAT Ab Ay Ab Alfijeted Fond Atomic Development Fund Gun Qna Saleyay San Feves Canada General Fund Burroughs St Ree Pap Rexall Schenley Ta Commonwealth Investment Joan Dry Fae Schering Devon Eaton & Hard Fundamental Ae Royal Dutch Cen & BY Lesnar Waupo Secony Tavestors Trust Lorillard Southern Co Sperry Chi sParac Seu Pac Ts Pioneer Fund Chrysér We Television Electronics Wellington Ste Spiegel T ‘ We Icoca Cota Colg Pam J Rohm & Haas Colo F & Ir Wall Street Colum Gaseyt Nice Dodge Swift & Co Republic Ve Texas Co Josef Cosden Tex Lukens Steel Crane Co Tex Insterane Curlis Pub Joy Amerada Tex-Curss Tex P Cad Ois C&o Orj Decca Rec Eave Textron Gulf Offel Dibaw Universal Pictures Si Say Dress Ind Abi American Stock Exchange Pricdu Pont Wars UN Pac Png Air Lin Oa Aire Arte East Air Lab el & Mat Arwood Sherwin- Ere Williams Arkansas New England Firestone US Steel Thiokol and i Diners’ Club Ford Mot St H We Vanad Co Wilson & Co Woolworth Goodrich Worthangton Zeniin Radga Connecticut Industries Greyhound Walker & Cor Acme OE Mob&ko Ta Bratta, Ranissy & Co Heyden Not Aina Insurante Burndy Homestic T Houst L & P Howe End Mae Tt Cént Fe Ynland Sifser Hartford Fire National Fire Farrel Birmingham Peeriesa Randy Harman CVT Pacer Jonas Man Rockwell Jones Saik Safety Industries Va iLeh Val RR Stanley Works Torrington Co Tdb Veeder Boo Cirt & My Lockh Aire Loew's Saad Smith Ramesy ANR Marty Ca Gena. Ramesy Tontirl Vt Wissenxel Ch&s I Bankera ‘Trust Qi Bank of NY Sia Hud Gas Bat Chase-Manhatn New Haven Gas New Haven Water Oh Monsan Pal Mont Duly Monter Oi Guaranty Trust Tex Gas Trans Irving Trust Motorola Transcal Gas PT OM Nat Ass United Wurm Bat Daily
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Wall Street Breather After Five Day Rise

Wall Street paused after a five day run to new highs as profit taking nudged prices down modestly. Among 16 most active issues four declined four were unchanged and seven gained. The ticker opened late due to large blocks and volume totaled 2,770,000 shares, down from 3,110,000 yesterday.

MENTIONED IN THIS ARTICLE

New York
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Mutual Funds Crising Prices From Norman F Daces and Associates

Market notes from Norman F Daces and Associates describe rising prices in mutual funds. Investors seek clarity on trend risks and potential strategy adjustments amid fluctuating fund values.

MENTIONED IN THIS ARTICLE

Norman F. Daces & Associates
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Film firms omit preferred dividends in quarterly notices

Universal Pictures Co Inc and Hawaiian Pineapple Co Ltd skip declaring quarterly dividends on their preferred stock. Kawneer Co and Interstate Power Co report modest common dividends, with record and payment dates listed. New York Auction Co and Belden Mfg Co announce or adjust recent payouts. Northern Natural Gas Co confirms a 35 cent common dividend with record date May 29.

MENTIONED IN THIS ARTICLE

Universal Pictures Co. Inc Mh Sivla Uiymclu Ul Peruo New York Auction Co Belden Mfg. Co Northern Natural Gas Co
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Boeing reports first quarter earnings and jet program outlook

Boeing Airplane Co reports March quarter net income of 9.499 million dollars or 1.35 a share on 7.037 million shares, with sales at 411.052 million. Dividend declared 25 cents. President William M. Allen cites progress toward delivering first commercial jet liner to Pan American within two months earlier than planned, notes backlogs and Jet transports potential impact on profits.

MENTIONED IN THIS ARTICLE

Seatile Boeing Airplane Co Boeing William M. Allen Sai O Allen
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Dividend schedules of many firms with June payments

Dividend notices list numerous corporations paying regular or special quarters from May to June. Firms include Coca-Cola, General Foods, American Bakeries, Kaiser, Maytag, Timken, Phelps Dodge, General Tire, Texas Eastern, and others. Records range May 14 to June 16 with cash or stock dividends and varied per share amounts.

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Exide declares usual quarterly dividend in 50 cent common stock payment

Philadelphia May 7 Electric Storage Battery Co today declared a usual quarterly dividend of 50 cents on common stock payable June 3 to holders of record June 8.

MENTIONED IN THIS ARTICLE

Hershey “Creamery Co I Industria Electrica de Mexico S. A Kaiser Aluminum & Chemical Corp Kendall Co Sommon Madsen Red Lake Gold Mines Philadelphia Electric Storage Battery Co
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American Radiator Slashes Dividend Amid Earnings Slump

American Radiator and Standards Sanitary Corp cut its common stock dividend to 191 cents from 25 cents, payable June 24 to holders of record May 28. President Joseph A. Grazier cited lower first quarter sales and earnings, but said the decline appears halted. several divisions showed red in 1957 and 1958 capital outlays are expected to drop.

MENTIONED IN THIS ARTICLE

New York American Radiator and Standards‘ Sanitary Corp Joseph A. Grazier Sign Grazier Chicago Chicago Burlington & Quincy Railroad Harry C. Murphy Murphy Burlington
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Optimism Amid Loss at Flintkote Despite March Deficit

Flintkote Co reports a March quarter net loss of 151 435 while noting ongoing profitability since February and forecasting favorable results for 1958. J Harvey Jr says demand for building materials remains strong and prices have advanced in key segments. Canadian Pacific Railway faces a steady earnings outlook this year with modest changes anticipated. Raytheon wins 7.5 million Navy Sparrow Three R&D contract to advance air defense missile program.

MENTIONED IN THIS ARTICLE

New York Flintkote Co J. Harvey, Jr Canadian Pacific Montreal Canadian Pacific Railway Co Ballance N. R. ‘Crump Raytheon Navy Waltham, Mass Raytheon Mfg. Co Navy Fleet Air Defense
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Also Mentioned on This Page

Beneficial Finance Food Mart American Cronin J.iee AIM Bridgeport Brassley Noranda Mines Guard Company Casco F. E. Myers & Bro. Co American Radiator & Standard Sanitary Corp Fenestra Inc Belt Telephone Co Canada Oklahoma Natural Gas Co South Carolina Electric & Gas Co Pittsburgh & Lake Erie Railroad American Crystal Sugar Co McIntyre Porcupine Mines Ct. M Mall Lamp Co Mississippi River Fuel Corp Local Industries A. M. Bidder @& Co, inc Mama F Davey Aera Lseciales Cinco Building Pla Byare Street ONE William Street Fund, Inc Mutual Funds Department Newnan Dacey State Street Bridgeport, Conn Wiliam Street Nes, Oe United Loan Corp tDison Iedustrisls Ralls Weett Apteereses Eee Pittsburgh Bea Sceee Ae Rockwell Manufacturing Co Eye Beret Willard F Amer Motors Getty Sperry Rand Jine Luo Parc Kawneer Co Kawneer Interstate Power Co Interstate Hawaiian Pineapple Co. Ltd Aomtnale Coca-Cola Ca General Foods Corp Chemetron Corp National Cylinders Gas Co Hasamond Organ Co M. A. Hanna Co Fintkete Co Food Mart Inc Public Service Co New Mexico Benard Shulton Inc Timken Roller, Bearing Co U. S. Hoffman, Machinery Corp Jarquardt Aircraft Midland OW Corp Chattanooga Gan Ca Breweries Ltd Copper Ramge Co Phelps ‘Dodge Corp Cece Tse General Tire & Rubber Co P. Morgan & Co, Inc Texas Eastern Transmission Corp MH. Miese & Co Oe Caer Predects, Inc Baden-Dixie Corp Reguar est-Meere Organizatios, Inc Connecticut Aminder & Ce Inet Burlington Road Public Service, CO Chas. W. Scranton & Co New York Stock Exchange John St Bridgeport Conn Edison Westport Norwalk Enterprise Norman J. Gaynor Few Haven Cameo John Street Exira Nets Donald W. Evers Merrill Lynch Pierce, Fanner & Smith New York Stark Exchange West Park Place Stamford Call Enterprise
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