Convertible and Straight Preferreds Compared
The North American $4.75 convertible preferred acts like high-grade common, while Getty's $1.20 cumulative preferred is a straight income issue. The North American preferred can be converted into 2,474 common shares, linking its price to about 22 times the common price. Getty preferred is cumulative and redeemable on 30 days notice at $25. its yield is lower, so it trades below $25. A reader asks about 1,400 Welbilt preferred shares from a Detroit store merger. Welbilt’s outlook improves, and the issue is redeemable at $10.50 and convertible 1 for 1. given liquidity, conversion is advised.
MENTIONED IN THIS ARTICLE
Getty
Detroit Michigan
Welbilt Corp
Welbilt
Spear
India’s Daily Newspapers Reach 550 in New Delhi
In India there are over 8 640 newspapers and periodicals with 550 daily titles. Fourteen dailies exceed 100 000 in circulation each.
MENTIONED IN THIS ARTICLE
India
New Delhi
WISHING WELL ERE puzzle fortune message
A short King Features puzzle from 1968 explains a daily numeric fortune game. It instructs players to count letters in their first name, adjust by simple rules to get a key number, then read letters from a rectangle grid left to right to reveal a message.
MENTIONED IN THIS ARTICLE
King Features Syndicate, Inc
Cincinnati Livestock Market Report
USDA cattle market in Cincinnati shows 500 live cattle and 100 calves with slaughter steers and heifers moderately active and steady, cows very slow. Steers mixed as high as 27.50 per cwt for 900-1150 lb, heifers up to 27.00 for 1150 lb yield grade 2-4, cows and bulls trading around 16.00 to 18.50 for utility and commercial cows.
MENTIONED IN THIS ARTICLE
Cincinnati
USDA
Livestock Market Report With Mixed Hog and Lamb Prices
Canners and cutters 13.50-16.50, commercial and good bulls over 1 000 lb 20.00-22.50. Calves vealers steady, choice 36.00-40.00, good 30.00-36.00. Hogs 1 400, barrows and gilts steady to 25 higher, 2-3 200-230 lb 18.75, 2-4 230-250 lb 18.25-18.75, 250-260 lb 18.00-18.25. Sows steady, 2-3 400-550 lb 15.75-16.00, 550-650 lb 15.25-15.75. Boars 14.25-15.25. Sheep 200, few sales all classes steady, choice and prime 80-110 lb wooled slaughter lambs 25.00-26.00, call to good wooled ewes 5.00-8.50.
Stock Mart Open Brisk Stock Market Gains At Open
The stock market opened briskly with gains outnumbering losses three to two. Early quotes show Ling-Temco-Vought up 1 percent to 92 2, Seeburg down 1 at 41, International Paper up 4 to 364 1 2, Uniroyal down 1 2 at 61 1 2, International Nickel down 4 4 at 37 1 2, Standard Oil New Jersey up 1 2 at 79 1 2, Livingston Oil up 4 4 at 13 1 2. The Associated Press averaged 60 stocks up 0.2 to 358.8, a new high for the year.
MENTIONED IN THIS ARTICLE
NEW York
Ling-Temco-Vought
Seeburg
International Paper
Uniroyal
International Nickel
Standard Oil New Jersey
Livingston Oil
Associated Press
Trenton Couple Injured in Two Car Collision
A Trenton couple suffered injuries in a two car crash at E State and N Miami Streets. Fred Richardson 49 and his wife Mabel 47 were treated at Middletown Hospital after the collision caused by Jerry Cross 20 who failed to stop at a red light on E State Street and struck the Richardson vehicle.
MENTIONED IN THIS ARTICLE
Trenton
E. State and
N. Miami Streets
Middletown Hospital
Fred Richardson
W. Home St
Mabel
Jerry Cross
N. Secone St
E. State Street
Richardson
N. Miami Street
Also Mentioned on This Page
Roosevelt JR
Johnny Kemm
Lowrey Theater
Norris Music CO
Norris
ELECT
Butler County Recorder
Richard M. Nixon
Spiro T. Agnew
Supreme Court of Ohio
Kingsley A. Taft
John M. Matthias
Thomas M. Herbert
Court of Appeals
Raymond Shannon
Otis R. Hess
Court of Common Pleas
Robert L. Marrs
David Black
Wm. R. Hendric Xson
United States
William 8
Saxbe
Donald E. Lukens
Walter E. Powell
Barry J. Levey
William W. Denham
Cale L. Logsdon
Benjamin Goodman
Edward W. Robb
Harold J. Carpenter
County Recorder
Jecn M. Blazer
Robert L. Browning
Stanley M. Perin
Garret J. Boone
Hamilton, Ohio
Republican Executive Committee
Hamilton John R. Moser
Pol. Adv
U. S
Middletown Securities
Crystal Tissue Co
First National Bank Midwest Indemnity
Sorg Paper
Sorg Paper Ptd
Ladd
New York Stock Exchange
Manchester Motor Inn
Greene & Ladd
Admiral Wee
Aeronca
Allied Stores
Wee A
Eveerere
Sccees Tenner
Anaconda Ce
Armco Steel
Wee
Ashland
Tee
Avco
Bendix Aviation
Bethlehem Steel Boeing Co
Brunswick
Bunker Ramo
Chesapeake
E's
Ohio
Motors
Columbia
G& Eee
Eee
Commonwealth Edison
Consol
Edison Cee Eee
Neeee Container Corp
Crucible Steewee Certs
Ceeeeeescvccess
Dayton Power & Light
L. T Vv
Douglas Aircraft
Ais Dow Chemical
General Dynamics
General Electric
General Motors
General Tire
Goodrich
Steen
Goodyear Tires
Greyhound Bus
Hilton Hotels
Stee
Inspir Copper International
T & Eee
Bi Kennecot Corp Wane
Kresge
Seeeee
Kroger Baking
Lau Brower
Cssceeseesee Seves
Lockheed Aircraft
Marathon Ee
Martin
Penn Central
Phillips Petroleum
Proctor
Gamble
Teenee Eee
Pullman Corp
Reichold Chemical One
Schenle Steet E
Renee
Mutual
George Putnam
Dre Us Fund
Wellington Bal
Serene
Fidelity Trend
Washington Mutual
Puritan Fund Sete
Manhattan Fund Channing Special
Seer
Inv. Co. Amer
Commonwealth Capital
Dayton Livestock
Cincinnati Livestock
RAY Linville
Driftwood
Main St
Sports Bowl
Dayton
Chicago Grain
Chicago
Stock Mart
Trentonians
Eeee
of Central
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