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Show Mountain Fuel Supply Listed on N. Y. Mart Mountain Fuel Supply Co., a natural gas utility with headquarters head-quarters at Salt Lake City, was listed this week on the New York Stock Exchange. The company's com-pany's ticker symbol is MFS. W. T. Nightingale, president of the company, was on hand at the listing ceremony. He had the honor of initiating the first order to purchase Mountain Fuel Supply Sup-ply Company stock from the Exchange Ex-change floor. Listing the company's stock on the New York Stock Exchange should improve the marketability marketabil-ity of the stock and provide added add-ed conveniences for stockholders and other investors. Since 1925 the stock has been listed on the Pittsburgh, Pa., exchange. Incorporated in Utah in May 7, 1935, the company produces, transports and distributes natural natu-ral gas in Utah and southwestern Wyoming, and serves more than 172,000 customers. During the 12 months ended Sept. 30, 1960, the company sold approximately 77 billion cubic feet of gas. Gross revenue from gas operations during that time amounted to $31,907,885, of which $21,505,759 was from the residential and small commercial commer-cial sales, $843,230 from firm industrial sales, and $8,411,715 from large industrial sales. Gas sales are subject to the jurisdiction of the Utah and Wyoming Wyo-ming Public Service Commissions, Commis-sions, respectively. However, the rnmnanv rn era croe in crmo nnn. regulated business, primarily a production and sale of crude oil from which gross revenue for the 12 month period ended Sept. 30, 1960, amounted to $734,131. Earnings from both the utility and non-utility operations of the company for the 12 month period ended Sept. 30 amounted to $4,-033.095 $4,-033.095 or $1.84 a share, compared com-pared with $3,714,312 or $1.70 a share, for the same period ended end-ed Sept. 30, 1959. The company has paid 64 consecutive con-secutive dividends since its organization or-ganization in 1935. Since 1953 dividends have been paid on a quarterly basis. On October 28. 1960 the quarterly dividend was increased from 30 cents to 35 cents a share effective with the dividend payment Dec. 12, 1960 to stockholders of record Nov. 18. 1960. The company had 13,978 stockholders as of August 24. 1960 and listed 2,188,888 shares of capital stock as of Dec. 1, 1960. |
