| OCR Text |
Show The Salt Lake Tribune, Wednesday-- June 21, 1961 23 ! Up and Down the Street YorkStock Market New American Stock Exchange Marquardt Reports Earnings Decline Roy E. Marquardt, president of Marquardt Corp., an nounced that so far there is little prospect for production work to fill the gap at the Ogden plant when the Bomarc missile program finally is phased out. Mamba Beirir Velum a m. Noon 11 1 1 1pm. 2pm 680 320 880 2 320 8pm Total 2 740 Weve hit bottom and appear to be headed upward at Van Nus at the present time," he said. Research and development programs in the Marquardt plant include work on a nuclear reactor to power space vehicles. of tha New York Stock Exchange Indus Rail 684 41 686 65 67 04 636 92 OOO OOO OOO OOO OOO 1 10 1 19 119 1 40 73 90 99 06 1 ' 3 280 000 Open High 681 43 691 03 1 19 61 140 92 111 63 112 226 62 229 33 667 140 26 Close 687 86 Law 679 60 Ind 138 87 Rada 111 13 Util 225 79 Comp Commodity futures index New lows hih trade rail 10 16 29 1 74 - .26 trade rails 2nd 10 pubhe utilities industrials 10 84 80 61 85 66 57 53 22 Ckf - - 9131 01 01 10 02 03 Ten Leading Stocks Total Am stock salei Tuetday. 1 230 000 share. U.S. Treasury WASHINGTON June 20 fAPi The cash position of the treasury com pared with correspondm date a jear aio Jana IJt, 1 001 Jon. IS IMA Balance 119 V2 97 $ 5 824 719 468 93 t$ 874 617. S 84 884 868 780 30 469 986 0V9 29 Deposits fiscal vear July 1 Withdrawals fiscal ear I 94 128 286 872 06 $ 89 876 198 149 75 bond sale Tuesday, $4 710 000 1961 to date. $817 691 X Total debt $292 004 426 841 18 $289 879 726 814 90 Total NY Am bond tales Tuesday. $120 000 1961 to date, $28 781,000 $ 17,476 222,156 78 Gold aaseta $ 19 181,383 810 76 Total x Includes $152 310 714 88 debt not subject to statutory limit Standard Tuesdays Quotations & on PittsSH PitUWV Plough Polaroid ProctG Publkr PugetSP Pullman PureOil PmeCn PnrCp PrsprO RicoAr RystnC V 134 4 r!T5 4 21144 54 2 32 SIronB SundO SwnsC TtntcC TinticL TinStd UnPkC UtahC UtldSk .. -- r.- ; Hershey Hilton HollndF HoffElec Homestk HouseF HoweSd r. NET EARNINGS FOR the period were $5,821,000, an - increase- - of .netjor the .same period last year. The 'Beverly Hills, Calif., headquartered firm, has a 22.000 square foot plant in Salf Lake Cityrwhere itremploys 150 persons. THE SALT LAKE PLANT is involved chiefly in production of inertial guidance systems. Litton declared a 2li per cent common stock dividend to be paid Oct. 20 to stockholders of record Oct. 6. 21 35 7 42 Pales S'4 Bullion Monarch. 1 IfW Chief Con Pfd, 100 .1 $1 50 , 400 t combined Metal,, 1 000 at 8c, 2 000 H 4 1 4 5. 41 4541 48V- Park City Land Company Forms Filing of articles of incorporation was approved Tuesday by directors of the newly formed Park City Land and Recreational Development Co., John M. Wallace, president, 'announced. Burrghs CaiPckg Callhan CalAH -Camps CanDrv CanPac CarpSt THE COMPANY, A V HOLLY OWNED subsidiary of United Park City Mines Co., plans a vast recreational de- Carrier velopment on 10,000 acres ef 4andln the Park CityHeber CaseJI CaterTr area. Celanese Celotex that of firm the parallels Executive organization exactly Cerro Certntd of United Park City Mines. Cessna ChmpPa manand S. K. DROUBAY IS $ ICE PRESIDENT general ChnceV Chmtm ager; E. L Osika is secretary and treasurer. ChesAO President and secretary were authorized to issue 791,880 CMSPP do pf shares to United Park City Mines Co. at $1 par value, based surface use of for pf of an $791,880 permanent upon appraisal ChRAIP area and improvements of the proposed development. Chrvsler THE BOARD ALSO AUTHORIZED the president and secretary to issue to United Park City Mines Co. rights to buy additional shares of corporation stock. There will be issued 3,886 941 rights,- two of which will be required to buy 'a single"share of stock m the new cor- -. into poration. The board asked that these be broken down stockto United mailed be can so instruments they separate holders following necessary approval by the U S. Securities Exchange Commission. , - THE BOARD EMPHASIZED that the new development will not interfere with present mining operations on the property. Mr. Droubay noted that organization procedure is designed to protect and benefit present stockholders of United Park City Mines Co. and to afford revenue for the mine to carry on additional development 29x4i 514 54i 204-14- - - 4 24 H - 4 46 16 103 26 Mi 14 4 - 14 4V, 4 1 79 39 V 4 28 , 794 14 - 1 41 554 424 H 52 4 .71V 284 111 205 CITFm CitiesSv CityStrs ClarkEq ClvEllm CocaCla Colgate CollmsR ColoFir 71 12 10! 161 16V, 70 22 524 V 14 4 424 CBS ColGas ComCrdt ComSolv Com Ed ConEdis ConsNtG Containr ContBak ContCan Contlns ContMot ContOil CntrolsA CooperB CornPd CrningG CraneCo CrownZ Crucible Cudahvp Here and There in Business HomeLoanBanlc Expands Lending Okeli SI Vz Billion ing to savings and loan assoWASHINGTON, D. C. The ciations. Federal Home Loan Bank er Discounts Board said it will allow the 11 YORK Metal dealers NEW district home loan banks to ex- are refined copper at offering cent bepand by a theoretical one and discounts of 14 to a half billion dollars their lend- - low the mine price of 31 cents a pound. Dow Jones Service Need An Unimproved Property loon? Tel. DA Redesigned Post NEW YORK Curtis Publishing Co. revealed that its redesigned Saturday Evening Post will make its newsstand debut in mid September. A&P Shows Decline NEW YORK Great Atlantic Pacific Tea Co. expects to show a small decline in earnings for the first 13 weeks of the fiscal year which will end Feb. 24, 1962. & Municipal Bonds No Federal Income Tax to Pay From MUNICIPAL BONDS , on Interest Received Some Bond N3w Available to Yield to 4.00 LINC0LN ur & CQ Municipal Bonds First Security Building, Salt Lake Gty, Utah Phone EL . 451 14! 231 14! 10 84 NewNh NYAirB NYCent NYC&6L 14 4 2 4 25 26 11 72 8 101 1 V 114 64 4 174i5 17 14 354 614 534 174 4041 - 04l 4 NiaMoh NorfAW NAmAv NAmCar Northrp NwstAtr OhioFd OhioOlt OlinMth OtisElev OutbdM OwIllG PacGEl PacLt PacTAT PackBl PnAm9 PanAWA PnhEPL ?8 4 38 - 2P4 7! I. I 974) 674 54-774 174! 374 -- ini 1 451 00 Off 37 u ntiiher en tftr hull More 414! 6.50 9 28 1042 63 14 51 8 48 15 " 8 82 14 49 7 95 12 44 15 42 5 59 4 31 10 51 15 76 8 69 13 62 16 85 6 11 4 11 17 1641 15 22 4 17 21 18V t Woolwth Wrthgtn Wyandte Yale&T VgstnST Zenith tl 45' 41 V4 13' 73S' 1. 11 lni 1961 And Wt Send You All This, Too! rciv THEORY Bldg , fORECASTS. SIT 0 -- INC. Run Dpt San Froncitco 4, California I want to fmd out whether your Dow Theory Investment Service I profitable and dependable a you ay Please send me your Weekly Forecost end other Services for the next 30 days to the address given below Also send me your latest report "7 STOCKS POK THE PRESENT BUYING I enclose one dollar OPPORTUNITY to help cover tho cost of postage ond handling (If not delighted with our Service et eny time during this trial period, pleas advise use. and we will even refund this dollar ) Address. .Stale. Zone Gity .Providing Stock Market Guidance Wherever You Are I solicitation qf offers tt enlj hj the Prtipntsis. (Pax Vilue $8,331!) ihsn securities. iuj eny r 21, 1961 . lS'i Price $38.50 per share to date, 849.423, Ml. PTfPFD Cefiet of tit Prospectus may It obtained from sneh of lbs underwriters es ert registered dealers in securities in this State. . , Blyth Goldman, Sachs ft Co. am? & Co., The First Boston Corporation Inc. Eastman DiOon, Union Secnritfes Harriman Ripley ft Co. Lehman Brothers Stone ft Webster Securities Corporation LS Kidder. Peabody ft Co. Carl M. Loeb, Rhoades ft Co. Paine, Webber, Jackson ft Cnrtis' Incorporated nit Glore, Fargan ft Co. Hornblower ft Weeks Merrill Lynch, Pierce, Fenner ft Smith WANTED & Co. Incorporated Lasard Fr&res ft Co. J. A. - Eggs ldfil 15 77 168 - (prices bv loose doxe- n- -2 75 3 124 Grade A A 40, A Urge 37 medium 75 B 100 33, large 29 10 50 9 50 Cheese 40 lbs Tineless block 42. 75 5 lbs sandwich 1,124 kaf 45, mild long" 4 75-- 4 - 2.124 lhorne-4- 4 3741 50 Butter 93 score 72. 92 score 7fc , 58 50 60 50 90 score 68 12 v 66) 77 7i an 7 9 i tl 49 84 36 59 Capital Stock V 1 6V 88 9 17 17 97 19 91 9 61 18 57 18 12 a, V 94' 774 CHICAGO. June 20 (AP)-- No wheat or soybean sales Com No 2 yellow 111111. No 3 yellow 110-- 1 10; No 4 yellow 1 05-- 1 09. No 6 veliow 1 02 1 08, sample grade yellow 90Hil05 Oats sample grade heavy white 64. Ho 1 extra heavy ahite 69 W. No 2 extra heavy white 67. Sovbean oil lOan Bariev malting choice 1 10-- 20n; n feed ad 17 68 22 20 3 82 5 95 8 49 S.L. Dairy Market 800 10 Jan Tr Wool Market Ixparwocod solos mao lor wolt-kne-w lino of Artificial Plowart end other gift wore. Rxclvtlve territory. State experience, hem now handled, tor phono number, ntery covered boa tab lake Tribune. 1487 Gulf Oil Corporation k h 34 -. Total N Y. stock sale, Tuesday, 3 280 000 shares; Crain 16 l,670,00(lShares. V) 56! YORK, June 20 (AP Both wool top end wool futures moved higher Tuesday A steady London market influenced the buying Wool futures closed 2 to 7 of a cent higher. July 113 9, Oct 116 0b, Dec 118 3b, Mar 119 9, May 120 1, July 120 9. Oct 1216b Certificated wool spot 111 On Wool tops futures closed 5 to 7 of a cent higher July 160 5b Oct 158 5b. Dee 157 lb Certificated spot wool top 161 On b Bid, n nominal. 18 01 7 07 17 16 25 19 12 24 C2 4 17 6 46 1 454 NEW DOW 66 - 61 14! 9 784'- 41 423 149 365 047 737 086 221,833 4 - 15! 77 4! 46 20 4 4' 401 $72 $33 $25 $26 Ths offer wf is meets V, 44' S7 4 44!- 18 04 22 87 15 52 16 01 16 65 (PImm Prat) SERVICES. BTC Divisional Monoqr 346 Sooth Mem Solf talc City Utolt Phono EL Tkh edverhMmtnt 14 40' 17' 27 4!- 14! 941 P 62 93 10741 10 69 12 85 11 06 13 46 10 16 19 68 24 95 16 91 17 47 SPECIAL DOLLAR OFFER I H. HUNSAKER LEWIS 14 ! 24' 25! 4' 124! 44 47 41- NYhiob .7 Mopdav Bank Debit Same Dav Lbst Year Tuesday s Clearings Same Day Last Year 344 4' 27479 674 NatGypt NtLeadi NatSteet NewmtM 244 Quotations Tuesdays s 284 v 4 764 - 4 41' 44 - 4 NatDit 4, S.L. Bank Clearings 44 Nat Avia NatBuc NatChR NatCLs NtDairv 4 2541 13 1064 DIVERSIFIED 10 67 U 22 75 28 159 V 24 40 41- I 10! 4134 41 40 74 8n4 . 1 29 53 4 75 45 274' 14 854 4 17! 1864 5 26 13 26 11 22 15 16 6 20 Name. 4 P24 44 2 14' 10 31 3 67 18 97 13 21 14 98 8 18 21 67 V4 4 1 78 1 tk KC- - WHO.' 14 7341 NArl Cash Tax-Exem- 19 524! Ml 33 14 76 34 37 MGM MidSoUt MmnHw MinPL Mission Mousc VMM Mnsanto MontPw MntWrd Mtorola MtFuel Murray CurtisW CutlerH DanaCp DeccaR Deere DelAHd DenvRG DetEdie DiaAlk DiaNat Disney DomeM Doug Ac DowCh Dresser Duplan DuPont DuqLt EsgleP EastAL Eastman EatonM ElAutoL ElStrB ElgNW ElPaNG EmrsnE EmrsnR ErieLck EvansP ExCellO FairbWh Martin MayDS McDonll McGrwF McOrwH Mclntvr McKest Merck Merritt 11 13 12 27 tuck nf you ooek Friday Wookly Foroeott you will elo of whot 16 othor load thing oi (I) Our Stock Sorvicot Digoftt, wookly contoniu mg mvottmont torvicoi aro rocommondmg (2) Our Privato Markot Commontaryi (3) Our MASTER LIST STOCKS (4) Industry Survoy (5) Growth Stock ftacommondo tion, (6) Modol Stock Portfolio; (7) Ovor tho counter recommendation. And in odditton, you will receive by return mod ot o Special 6onu our report on the 7 NEW STOCKS for the preent buying opportunity This offer open to new trial subscriber only WiiK SSEr- -t 44 !4 Would you like roTiave ui notify you when we think this will an exceptional opportunity (offer to new trial subscribers only) to try occut Out- - Dow Theory expert, have one of the country, leading investment been amazingly accurate m predict- services directly by mail, and r have our assuranew that ex be- s, 4eastr you-m-- ill ot regulat subscribers rhousandj among will attest Three weeks before the the first to receive any signals that Rteat 1929 market crash, the Dow may be sent out. This Special Dollar Offer to beTheory clearly signaled the coming collapse More recently we were able come $ trial subscriber and sample to help our subscribers sidestep the our complete investment service decline, of 1948, 195 and 1957 places you under no obligation to and cash in on the great rises of continue the service later on Should 1953, 1956, 1958. 1959 and so far you wish to become a regular subthis year scriber at the nominal cost of 5 a You can be included in our "pri- month, you may do so tt the end of vate signal sstem by simply be- the trial subscription period, la the coming a trial subscriber to the meantime, you will have the peace Dow Theory Forecasts Investment ot mind that can only come from Service for the next 30 days. All knowing that no matter what hapwe ask is one dollar to cover postage pens to the stock market, the wisand handling And as & Special dom and counsel of e reputable inBONUS lfvou act now,, we will vestment service is on bind to guide also send you, at no other cost and help you. 4 124 6041 14 8641 101 4 4 14 55 19 77 17 03 13 47 An Opportunity to Test Our Forecast Skilll The sttxk market action of re- our Special Report on 7 NEW cent week, ricarlyindicirej- - the STOCKS that we think offer un possibility of t dynamic reaction usual- - profit- - possibilities,' Hcre-- ii aheadT 4 - 757,- l35 9Vi 72 stoat 4 U 46'V 6 A MUTUAL 4 52V 7 4 74 4 614 II7. 2 Egg Market 69x 1503 15 17 VIT1III130 DAYS? Markets in Brief ' 4 94 6 52 6 18 .10 16 20 98 Wtrd NEW YORK. June 20 (AP) Stocks Higher Aubatantiftl xec&y- ' JtComeFCoa'Ph, 1 om f 6c er Cons. Eureka, 1,000 at 24c, 500 at Bonds Mixed, light trading. 23c Cotton Lower, liquidation Diamond. 000 at 14c, 1 000 at 14c Chicsrs Eureka Lilly, 5 000 at 10c. 62 at 5V heat Grand Dep , 200 Higher, general demand Great Western, 725 at 34e Corn Higher, short covering Investment Rea, 50 at 81 10 Oatfr Mixed late liquidation ML States Dev 2 000 at 44c So beans Mixed mostly easier Naildnver, 1 000 at 14c, 182 aTlTr 25 to 50 cents higher, fop Hogs New Park. 100 at $1 50 , 300 at 81 50 18 00 . North Standard, 1 000 at 2c. Cattle Slaughter ateerYlTeady to 1 2c 000 at Park Bingham. 23 00 strong, top n, 1 000 at 44c. Royston Coal Sage Oil, 1 000 at 3lc South Standard, 500 at 45c Tintic Central. 1 000 at 54c Tintic Standard, 300 at $1 75, 100 at $1 70 LOS ANGELES, June 20 (UFI United Park City, 400 at $1 50. FSMNS) Utah Wvo Oil 50 at 724c Water Wonderland, 500 at 35c, 450 Eggs Prices to retailers fob dis at 17c tnbutor plants (delivered 14 cents West Toledo 1 000 at 54c A higher) AA extra large 424-44AA large 334 Wilhston, 2 000 at 14c, 5 000 at J5c extra large 39 17 4. A Urge 314 324. B large 274-28AA medium 274 304, A me254 264 AA small 204 234. U.S. Government Bonds dium A small 184 194 consumers A A large Dow Jonea Sen ice 19 54. A large 39 55, AA medium A medium 35-4AA small NEW YORK. June 20 Closing deat-er- a markets (bid and asked iractiona A small -33-3- 7 and changes in 32ndsi Poultry- Fryer, (at T.nchl 11V. 1$ roaster. tat ranch! J1 S4, llirht type hens hen. cross 9 10, vounf hen turkeys 21. young tom turkey. IB Butter Prices to retailers grade AA 214 62" 904 STOCK MARKET SHOE WTold W lllstA YnkCn Zuma 4 4 800 8 2 Wt Ally Utt0 VictrC 4 4 10! 94 t 3 15041 43L .iiv HercPdt1 Bonneville Ltd Columex Fed Resources Corp Four Corners Uran Hidden Splendor pfd Independ Cl 8c Coke Rare Metals Unit West Minrls Utah Constr A Mng SioxM 4 1541 3841 201 71 Putnam George Fd Putnam Growth Fd Telev Electronics United Accum Fd United Continental United Income Fd United Science Fd Value Line Inc Fd Value Line SP Sit Washington Mut Wellington Fq Wellington Fund Tuesdays- - Quotations RepStl Revere Litton Industries reports total sales of $165,698,000 for the first nme months of its fiscal year on, April 30, an increase o 23 per cent over the $134,459,000 for the same period a year ago Charles BrThomton,' president and board do Income Salt Lake Stock Market ReedRB n Rep " Nation Wide Sec N Sec Div Stk Ser One Wiliams Street Puritan Fd v Raymnd Rayonr Raythn i 12 15 20 25 21' 444 4 364 13 244- 371 35 Keystone of Can Knickerbocker Fd Larard Fund Mas Invest Tr Mas Inv Grth RtJe tOO da Growth RGA GrysnR GtNOre GtNorRv GtWSug Gryhund GrmArc GulfOil Harsco K 2 S 1 S3 S 4 do Stock Sales in 100s IClosel Chg-ParkeDv 146)354 - 4 45 43 V 14 Penney 4 364 r Pennbalt 4 37 174 PennRR 4 PepstCol 17i 5341 -- 4 2 59 PetMilk 4 32 Pfizer 04 U 4 PhelpsD PhilsE- lPhiico PhilMor Phillips PitniyB PittsPGl Litton Lists Sales Increase do do do do Poor's Closing 500 Stock Index Revion Teported.-- 291 816 665 Tuesdays Quotations FIRST QUARTER NET this year was $159,2407 or 11 cents a share on sales of $11,300,000. A year earlier, contract and inventory adjustments held down net income to $95,190, or seven cents a share on sales of $14,100,000. Unless a real miracle happens, he added, we'll have lower earnings this year than 1960s $1,200,000, or 87 cents a share. He said sales in the current year are expected to 'decline between 50 million dollars and 55 million dollars from . . 1960's 65'4 million dollars. "xharrman to data, 961 New York Bond Market Marquardt cents a share - 40 bond 7 19 81 Sees Lower Earnings 28 weeks ended July Corp. reported earnings of $599,597T or 43 sales of $36,300,000. 14 Ckf 140 21 111 92 228 16 145 61 n THE OGDEN PLANT, where Bomarc missiles are as sembled and where other production work is carried out, still employs about 1,500 workers and wont feel the effect of the Bomarc cutback until 1962, Mr. Marquardt said. Second quarter earhings will be lower than the first three months 11 cents a share, he said. He added that he was not able to predict a specific profit. For the first 263 695 354 204 9 87 Asked Bid Aberdeen $ 2 37 8 16 Affiliated Fund 4 62 Am Business 5 97 Atomic Phy Set Fd 5 69 Axe Houghton A Axe Houghton B t 914 19 2(T Boston Fund Broad Street Inv ll14 89 10 Bullock Fund 15 68 Can Gen rd 1954 18 27 Canadian Fund Ine 11 92 Can Inti Growth 12 46 Chemical Fund 10 24 Comwlth Invest 11 20 Diversified Gr St Fd Diversified Invest 941 S 16 Dividend Shares 17 45 Dreyfus Fund Eaton & Howard BaT 12 76 14 Ot Eaton 8t Howard Stic 7 67 Electronics Inv 1994 Fidelity Orp 17 24 Fidelity Fund Foci Ind Fund 481 FoundersMtl 12 20 Fundamental Inv 10 24 Com Stock Fd 13 85 Group Hamilton Fd H CT 8 67 Hamilton Fd H DA 5 57 Incorp Income 9 78 Lpcorp Invs 8 61 , Instit Found Fd 75 It Instit Giowth Fd 11 94 Invest Tr of Boston 12 72 Kevstone Cstdn B-- 4 9 31 Tuesday's Quotations Furnished bv j a. Hngle Co MR. MARQUARDT COMMENTED on the Ogden situation Tuesday while discussing causes for lower earnings in the second quarter. Marquardt Corp.s chief problems, he said, stem frpm cutbacks in the Bomarc missile program last year. First to be affected was the companys Van Nuys, Calif., facility, where research development and design work' was done on the missiles engine for Boeing Co., the prime contractor. Production Heads Upward Tuesdays Quotations' Tuesdays Quotations Tuesday's Quotations Dow Jones Average Mutual Funds Over the Counter Ho$l ft Co. White, Weld ft Co. . i Dean Witter ft Co. , |
