Weekly television digest (Jan-Dec 1960)

20 DECEMBER 12, 1960 Financial Reports of TV-Electronics Companies These are latest reports as obtained daring the last week. Dash indicates the information was not available at press time. Parentheses denote loss. Company Columbia Pictures Lynch Corp. (Symphonic Electronics) MGM Pacific Industries Packard-Bell Stanley Warner Technicolor United Artists Warner Bros. Period 19o0 — 13 wks. to Sept. 24 1959 — 13 wks. to Sept. 26 I960 — 9 mo. to Sept. 30 1959 — 9 mo. to Sept. 30 1960 — year to Aug. 31 19o9 — year to Aug. 31 1960 — qtr. to Nov. 30^ 1959 — qtr. to Nov. 30 1960 — year to Sept. 30 1959 — year to Sept. 30 I960 — year to Aug. 27 1959 — year to Aug. 27 I960 — 44 wks. to Oct. 29 1959 — 44 wks. to Oct. 29 1960 — 9 mo. to Oct. 1 1959 — 9 mo. to Oct. 3 1960 — year to Aug. 31 1 9.59 — vear to Auff.Sl Sales 17,615,116 16,405,913 130,444,607 130,970,376 4.300.000 4.590.000 44,029,822 46,608,062 132,153,749 123,877,723 23,448,737 23,241,493 80.595.000 72.061.000 89.963.000 85.328.000 Pre-Tax Earnings 21,394,908 17,304,343 7,163,803 9,887,041 13.702.000 15.375.000 Net Earnings $(1,107,000)’ 684,000 (219,810) 22,937 9,594,908 7,698,951 450.000 161.000 207,704 1,375,346 3,513,803 4,812,041 418,292 186,908 2.987.000 2.885.000 7,102,000 9,375,000* Per Common Share $0.48“ 3.83 2.91 .30 .14 .26 1.73 1.73 2.38 .19 .09 1.79 1.73 4.64 5.91 Common Shores 1,319,287 1,270,350 2,506,129 2,641,288 812,135 792,600 2,025,374 2,025,374 2,211,679 2,033,792 1,664,218 1,664,218 1,527,906 1,585,196 Notes: iLoss from operations — before $1.6 million profit on sale of land ^After preferred dividends. ‘Exclusive of $6.5-million ($4.10) profit from converted loss to net of $510,000 (34(! a share). -From operations — be sale of ranch. ^Preliminary, fore $202,000 profit on sale of land increased net to $886,000 (63^). Format Films, animated film producers, will gross in excess of $950,000 for its first year of operation which ends Dec. 15, reported Pres. Herbert Klynn. He told the board that during this period the North Hollywood, Cal., firm had increased its staff from 12 to more than 100. The company specializes in commercials and is planning 4 half-hour animated film series, including The Shrimp, The Alvin Show, and The Illustrated Man. International Electronic Research Corp., Burbank, Cal. firm which makes precision instruments and a heat-dissipating tube shield, has applied to SEC (File 2-17357) for registration of 220,000 common stock shares, 110,000 to be offered for public sale, the balance to present holders. Schwabacher & Co. is the underwriter. The public offering price wasn’t reported immediately. Reports & comments available: General Precision Equipment, survey. Shields & Co., 44 Wall St., N.Y. 5 • 1 n ral Instrument, Federman, Stonehill & Co., 70 Pine St., N.Y. 5 • General Dynamics, brief, Oppenheimer, Neu & C ., 120 Broadway, N.Y. 5 • Metropolitan Best''., report, J. R. Williston & Beane, 2 Broadway, N.Y. 4 • Telechrome Dlfg., memo, R. S. Dickson & Co., 30 Broad St., N.Y. 4 • PiUsburgh Plate Glass, reviewed in Weekly Review, Fahnestock & Co., 65 Broadway, N.Y. 6 « Cryogenics, report. Bull & Low, 45 Wall St., N.Y. 5 • MGM, Shearson, Hammill & Co., 14 Wall St., N.Y. 5 • Audio Devices, brief, Cooley & Co., 100 Pearl St., Hartford 4. Common Stock Dividends Corporation Period Amt. Payable Record Clevite Q $0.30 Dec. 28 Dec. 16 Decca Records <3 .30 Dec. 29 Dec. 19 Fairchild Cam. & Inst. . — .60 Dec. 29 Dec. 16 Sangamo Reduced .18% Jan. 2 Dec. 16 United Artists Q .40 Dec. 30 Dec. 16 Universal Pictures .... Q .25 Dec. 28 Dec. 19 Universal Pictures . . . Ex. .25 Dec. 28 Dec. 19 Unlisted trading privileges for Ampex, General Telephone & Electronics and Minn. Mining & Mfg. common stock are sought by the Cincinnati Stock Exchange in SEC applications. OVER-THE-COUNTER COMMON STOCK QUOTATIONS Thursday, December 8, 1960 Electronics TV-RadiosAppliances .Amusements The joUowitig qttotatians, obtained tn part from the National Aeso^ ciation of Securities Dealers Inc., do not represent actual transactions. They are intended as a guide to the approximate range within which these securities could have been bought or sold at time of compilation. stock Bid Asked Stock Bid Asked Acoustica Associates . 17% 19% Lei Inc. 4 ‘4 5 Aerovox 7% 8% Magna Theater 2% 2% Allied Radio _ _ 21% 23% Magnetic.."! Inc. 7 8% Astron Corp. 1% 1% Maxon (W. L.) 7% 7% Baird Atomic 23% 25% Meredith Pub. 40% 43% British Industries 16% 17% Metropolitan Bestg. 17% 19% Centron Electric . _ 3% 4 Milgo Electronics 16 17% CGS Labs _ _ _ 7% Narda Microwave 4 4% Control Data Corp. 53 56 Nuclear of Chicago 34% 37% Cook Elec. 12 13% Official Films 2 -5/16 2% Craig Systems _ 15y« 16% Pacific Automation 4V4 4% Dictaphone . _ _ 30 32 Pacific Mercury 5’/8 6% Dlgitronics 22% 24% Perkin-Elmer 41% 44% Eastern Ind. 14% 15% Pyramid Electric 2% 3 -1/16 Eitel-McCullough 14% 15V4 Radiation Inc. 21% 23% Eleo Corp. _ 13% 14% Howard W. Sams 36 38% Electro Instruments 19 21*4 Sanders Associates 30 32% Electro Voice _ 7% 8% Silicon Transistor 4% 5% Electronic Associates. 29% 31% Soroban Engineering _ 33 35% Erie Resistor 8% 9% Soundscriber . . 15% 17 23% 26 V4 Speer Carbon 18% 20% Farrington Mfg. 27 29% Sprague Electric 45% 48% Fischer & Porter 18 19% Taft Bestg. _ 12 13% General Devices _ 8% 9% Taylor Instrument 32 34% G-L Electronics _ 7 8%, Technology Inst. 7% 7% Granco Products 2% 3% Telechrome 10 11% Gross Telecasting 19% 21% Telecomputing 7% 8% Haydu 1/16 % Telemeter 12% 13% Hewlett-Packard — _ 26% 28% Time Inc. _ _ 66% 70 Hieh Voltage Bng. — 165 175 Tracerlab 8% 9% Infrared Industries 16% 18% United Artists 5% 6% International Rectifier 23% 25% United Control 17 18% Interstate Engineering 20% 22% Universal Trans. 1 1% 52% 57 Vitro 9% 10% Jerrold 7% 8% Wells-Gardner I8V4 19% Lab for Electronics .. 48% 52% Wometco Ent. 13% 14%