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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 08, 1958
Page
44
At the annual meeting American Chain & Cable reported first quarter net income of 1,042,327 and 91 cents a share on sales of 27,080,022. President John Johns said orders and book value are improving but current results are about equal to the prior period with inventories down and expectations cautious.
Hartford May 7 AP State Treasurer John Ottaviano Jr announced the sale of 1.5 million in bond anticipation notes. Four 1 million notes were awarded to Hartford National Bank and Trust at .66 to .69 percent with premiums 3 to 17 dollars. One million note sold to Chemical Bank Exchange Bank of New York at .83 percent with a 22 dollar premium. Funds support state teachers colleges and the University of Connecticut.
Westling of Bradley for Governor discusses Gov Ribicoff at a Hartford meeting. He attacks the Ribicoff housing plan as hollow and lacking initiative while promoting his own program for elderly housing and other aid. Bradley predicts victory and urges delegates for the GOP convention.
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