Reynolds Finances $85 Million Bond Sale for Plant Expansion
Reynolds Metal Co announces $85 million in bonds sold to fund expansion of aluminum production. Adds a 150 million pound per year reduction plant and 175 thousand kilowatt gas diesel power facility at West Texas site with plants at Jones Mills Arkansas and Troutdale Oregon. Primary capacity rises to 650 million pounds annually, about 27 percent of US output. Texas plant due 1952, Jones Mills and Troutdale units start next month. Bonds priced at 4 percent, maturing July 1, 1962 with sinking fund.
MENTIONED IN THIS ARTICLE
Reynolds New York
Reynolds Metal Co
Vorpus Vhiiisu
Texas
Jones Mills
Ark
Troutdale
Ore
Reynolds
Jamaica
British West Indies
Arkansas
Longview
Wash
Anderson Clayton Proposes 100 Percent Stock Dividend
Anderson Clayton and Co directors propose a 100 percent stock dividend if shareholders approve raising authorized common stock from 2.5 million to 5 million shares. A special meeting is set for August 15. Current common shares outstanding total 1,501,030. Directors also declared an extra of $1 and a regular quarterly dividend of 75 cents per share payable July 20 to stockholders of record July 12.
MENTIONED IN THIS ARTICLE
Anderson, Clayton
Houston
Texas
Anderson, Clayton and Co
Nichols Leads Quantico Marines as Staff Sergeant Star
Jack Nichols, former pro basketball star, becomes a key player for the Quantico Marines basketball squad serving as a staff sergeant, bringing veteran experience to the team.
MENTIONED IN THIS ARTICLE
Jack Nichols
Quantico Marines
Nichols
Wheat futures mixed as feed grains advance at Chicago Board of Trade
Damp weather slowed corn and oats while wheat lagged. Soybeans near unchanged to higher as July contracts rallied on short covering. Wheat bids fluctuated with July at 2.34, corn 1.69, oats 0.74, soybeans 3.11. Winter wheat yield estimated 691.1 million bushels vs 705.2 forecast. spring wheat 360.59 million vs 348.65 forecast.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Co. M. Galvin
James E. Bennett and Company
Oklahoma
Kansas
Nebraska
Yesterday's Stars by The Associated Press
Batting Bobby Thomson homered to give the Giants a 4 3 win over the Phillies. It marked his second straight game with a homer. Pitching Leo Kiely went eight shutout innings after a two run first in his first big league start as the Red Sox beat Washington 5 2.
MENTIONED IN THIS ARTICLE
Bobby Thomson
Giants
Philadelphia Phils
Thomson
Leo Kiely
Red Sox
Washington
Eleven Britons Convicted of Mutiny in Korea Court Mart
Eleven privates of Britain's Royal Northumberland Fusiliers were found guilty of mutiny at a general field court martial in Seoul. They received two years at hard labor outside Great Britain for refusing to attend a training parade on July 15 after returning from patrol, claiming they had been worked too hard.
MENTIONED IN THIS ARTICLE
Seoul
Korea
Britain
Royal Northumberland Fusiliers
Great Britain
Frayed Duty Marks End Of Long Riverfront Workday
After a long day of digging wiring and improving their position workers on the riverfront pleaded in nocent as fatigue and toil mounted. The scene underscored harsh conditions and perseverance of laborers in a tight urban worksite.
49ers Sign Breakaway Halfback From Modesto
The San Francisco 49ers signed Budd McMurdoo, a 185 pound breakaway halfback from Modesto California, who has been out of high school six years and never attended college. The contract was announced today in San Francisco.
MENTIONED IN THIS ARTICLE
San Francisco
San Francisco 49Ers
National Football League
Budd McMurdoo
Modesto
Calif
Market Rebound Keeps Up With Gains Near A Dollar
New York stocks rose modestly as demand broadened across the list. Leaders advanced about a dollar a share with a few backward issues. Steel, motor, and oil issues led activity while rails stayed flat to higher. Radio Corp rose on large block trading and Anderson Clayton surged over five dollars a share after announcing a 100 percent stock dividend and extra payout. Several issues touched higher amid light pre holiday volume.
MENTIONED IN THIS ARTICLE
New York
Radio Corp
Anderson Clayton
Fedders - Quigan
Mexico Meat Tour Starts
Cattlemen escorted newsmen on a tour of Mexican ranges and meat packing centers to discuss lifting the import embargo on Mexican cattle. They argue there is no current hoof and mouth disease in Mexico and emphasize meat need in the United States despite ongoing disease control efforts.
MENTIONED IN THIS ARTICLE
Mexico
United States
Douglas
Ariz
Chihuahua City
Mexico City
Markets To Be Closed On Independence Day
NEW YORK July 3 AP markets nationwide will be closed tomorrow in observance of Independence Day. Financial and commodity markets across the United States will pause operations as the holiday is observed.
MENTIONED IN THIS ARTICLE
New York
United States
Cotton futures steady as holiday approaches
New York July cotton futures opened unchanged to 55 cents higher as trade and local buying supported prices around 44.57 for July and 36.50 to 36.12 for later months. Scattered rains across the cotton belts and preholiday activity kept markets buoyant with noon quotes showing modest gains before easing later.
MENTIONED IN THIS ARTICLE
New York
Texas
Abilene
Fort Worth
Otis to Appeal $2.6 Million Award in Kaiser-Frazer Case
New York July 3 AP Kaiser-Frazer Corp won 2,588,919 in damages from Otis Co Cleveland investment bank for breach of contract. Judge John W Clancy found Otis instigated a 1948 stockholder suit to back out of a 10 million stock deal. Otis said it would appeal the ruling.
MENTIONED IN THIS ARTICLE
New York
Kaiser-Frazer Corporation
Otis & Co
Cleveland
John W. Clancy
Kaiser-Frazer
Otis
Bonds Edge Higher in Quiet New York Trading
In New York July 3, corporate bonds showed fractional gains amid quiet dealings while government issues held steady. Japanese issues strengthened in the foreign dollar market with certain issues advancing over 2 points at times. Several corporate issues like Phillips Petroleum and Baltimore & Ohio moved up a fraction to about a point, with others such as Bell Telephone of Pennsylvania and New Haven showing small rises. Some issues including New Orleans Texas & Mexico 5s and Chesapeake & Ohio 4 1/4s slipped modestly. Overall, gainers included Great Consolidated Electric Power and Orient Development as trading remained subdued.
MENTIONED IN THIS ARTICLE
New York
Boston & Maine
Central Railroad of New Jersey
Colorado & Southern
Detroit Edison
Hudson & Manhattan
New Haven
Frisco
New Orleans
Texas & Mexico
Chesapeake & Ohio
Lehigh Valley
National Steel
Baltimore & Ohio
Povene Seore
Great Consolidated Elect Power
Japan Miss and Orient Development
Notice of liquidation for The Preferred Accident Insurance Co of New York
In New York Supreme Court orders, Alfred J. Bohlanger as liquidator directs creditors, policyholders, and stockholders to file proof of claims by October 31, 1951. Claims must be in writing, verified, and presented to the liquidator at 80 Maiden Lane, New York City. Attorney Alfred C. Bennett represents the liquidator.
MENTIONED IN THIS ARTICLE
Preferred Accident Insurance Company OF
New York
New York Supreme Court
Alfred J. Bohlinger
State of
Also Mentioned on This Page
Feed Grains Advance
The
Associated Press
H . Orize
Reg St
Princess Elizabeth OF
England
Queen Mary I
Queen Elizabeth
Queen Anne
Queen Victoria
Elizabeth
Mary I
Mary II
William Ili
Anne
Victoria
George VI
Brave Tar
la Brea
Los Angeles
Leo Cohen
Sanford Kaufman
Michael Rose
Philippine Sea
Nina Warren
California
Earl Warren
Ira K. Hobbs
Iran
Agha Jari
Abadan
Tehran
Mauritius
Persian Gulf
Shatt al Arab River
Hill
United States Army
49Ers
Bethlehem Steel
Chrysler
Gulf Oil
American Telephone
Kennecott Cooper
Woolworth
United Air Lines
International Harvester
Dow Chemical
National Distillers
Westinghouse Electric
American Tobacco
Cotton Mart
Refsnes, Elly, Beck & Coo
NEW York Stock Exchange
Arizona Municipal and
Arizona
West Adams ST
Dillon, Read & Co. Inc
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