Television digest with electronics reports (Jan-Dec 1958)

COMMON STOCK QUOTATIONS Week Ending Friday, February 14, 1958 Electronics TV-RadioAppliances Amusements Compiled for Television Digest by RUDD, BROD & CO. Member New York Stock Exchange 734 15th St. NW, Washington 5, D. C. 120 Broadway, New York 5, N. Y. NEW YORK STOCK EXCHANGE 1957-8 High Low Stock and Div. Wk. Close Chnge 1957-8 High Low Stock and Div. Wk. Close Chnge 1454 6% Admiral 8% -% 376% 270% IBM 2.40b 332% -2% ?7 16% AmBoschl.05g. 20% -% 37% 25% IT&T 1.80 30% -% 24 ’/i 11% AmBcstg-Para.l 14% -% 50% 33 I-T-E CirBl%d. 3/% -% 43% 29% AmMach&F 1.60 36% -% 10% 7% List Indust %e. / -% 179% 160 AT8.T 9 1/2% 56% 29% Litton Ind 38% -1 33% 19% Amphenol 1.20. 25% -% 22 11% Loew's 15% -1-1% 36% 28 Arvin 2 28% -% 44 28% Magnavox l%b. 35% + Vi 7% 4% Avco .lOg 6% -|-% 50% 23% Mallory 1.40b. . 26% -% 47% 21 Beckm Inst l%f 21% + % 131 73% Mpis. H'll 1.60a 82% -f% 66% 42 Bendix Av 2.40. 4/% -% 51% 35% Motorola 1%... 39% -% 52% 27% Burroughs 1 . . . 30% +'/» 9% 7 Natl Thea % . . 8 -|-% 25% 15% Clevite 1.15g. . . l/% 38% 28 Paramount 2... 36% -2 36% 23% CBS “A" lb... 27% -% 18% 11 Philco%f 15 -t-% 35% 22% CBS "B" lb... 26% -% 40 27 RCA la 33% -% 20% 11% Col Pictures %t 13% -% 23% 16% Raytheon 24 -1-1 54% 25% Cons Elec .40a.. 29% -f% 8% 4% Republic Pic. .. 6% 35% 18 Cons Electron.. 21 -% 39% 29% Sang Elec 1.80. 33 -1% 27% 12% Cor-Dub 1.20... 14% 18 12% Siegler .80 14% -% 106% 57% Corning Glass la 76% -2% 6% 2% Sparton 3% -% 6% 3% Davega 3% 26% 17% Sperry Rand .80 18% -% 47 27% Daystrom 1.20.. 30% -% 9% 5% Standard Coil.. 7% -l-% 19% 13% Decca 1 15 18% 13% Stanley-War 1 . . 15% -% 15% 13 Disney .40b 17 -% 41% 27% Stew Warner 2b 30% -% 115 81% East Kod .90e. . 99% -5% 29% 18% StorerBcstgl.80 22 -% 34 22% Emer Elec 1.60. 32% +'/» 46% 29% Sylvania 2 36 -% 6% 3% Emerson Radio. 5 -% 31% 15% Texas Instru. . . 28 -% 10% 6% Gabriel .60 8 -% 89% 46 ThompProd 1.40 46% -% 68% 46% Gen Dynamics 2 62% 37% 21% Tung-Sol 1.40b. 24% +‘/> 72% 52% Gen Electric 2.. 61% -1 30% 19% 20thC-Fox 1.60. 25 -t-% 8% 4 Gen InsL .15g.. 5% -% 25% 15 United Art 1.40. 18 -% 47% 30% GenPrEquip2.40 37% -2% 30% 18% Univ. Piet la... 20% 30% 22% General Tire .70 27% -% 28% 16% Warn Bros 1.20. 18% 45% 36% Gen Telephone2 42 -1% 68% 52% Westingh El 2. . 62% -1% 25% 17% Hoffman Elec 1. 22% -% 140 91% Zenith 3a 133 -f4% AMERICAN STOCK EXCHANGE 4% 2% Allied Artists.. 3% -% 44% 29% Hazeltine 1.40b. 34% -% 52% 19% Allied Con la. . 36% -2% 3% 2% Herold Ra .15g . 2% 21% 11 Amer Electro % 14 6% 3% Int Resist .20... 4 -% 11% 6% AssocArtProd . . 9% 8% 4 Lear 5% -% 12% 4% Audio Dev.OSd. 8% -% 1% % Muntz TV -t-tft 13% 6% Belock Inst %t. 9 -% 3% 2% Muter Co. %t.. 3% -t-% 1% % C & C TV 9% 5% Nat' 1 Telefilm.. 6% -% 5 2% Clarostat .15g.. 3% -% 2% 1 Nat Union El.. . 1% 6% 3 DuMont Lab. . . 4 -% 11% 3% Norden-Ketay.. 3% -% 7% 2% Dynam Am . . . . 4 5 3 Oxford El .lOd.. 3% -% 12% 8 Electronic Com. 11% -% 20% 10% Philips El 14% -% 12% 5% Electronics Cp. . 6% -% 12% 6% Servomech .40. 7% -% 28% 16 Fairch Cam %g. 28% -1-1% 9 3% Skiatron 4% -t-% 30 8% General Trans.. 20% -1% 8% 2% Technicolor 4 28% 17 Globe Un UOb. 16% 5% 3% Trans-Lux .20g. 4% 4% 2% Guild Films 3% OVER THE COUNTER AND OTHER EXCHANGES (Latest Available Data) Bid Asked Bid /Vsked Advance Ind ZlTi 2% Magna Theatre 2% 3% Aerovox 3% 4 Maxson (W. L.) .05 6% 6% Airborne Inst 42% 45 Meredith Pub 1.80a 25% 27 Altec Co .80 /% 8% National Co. (4% stk) 10% 11% AMP Inc .50 16% 18 Oak Mfg. 1.40 15% 17 Ampex 48% 52 Official Films .10 1% 1% Baird Atomic 12 13% ORRadio 15 16 Cinerama Inc 1% 2% Pacific Mercury TV 5% 6 Cinerama Prod 2 2% Packard-Bell .50 11 11% Cohu Electronics 7% 7% Panellit 5 5% Collins “A" .35 13% 14 Perkin-Elmer 25 27 Collins "B” .35 13 13% Philips Lamp (14% of par). . 32% 33% Cook Elec. .40d 20% 21% Reeves Soundcraft (stock). . 2% 3 Craig Systems 4% 5 Selectvision Inc 1% 1% DuMont Bestg 6% 7% Sprague Electric 1.20 30 32 Eitel-McCullough (5% stk)... 27% 30 Taylor Instrument 1.20 29 31 Elec Assoc (stk) 38% 41 TeleBroadcasters 2% 3% Erie Resistor .40b /% 8% Telechrome JO 6% 7 Friden Ind. 1 40 43 Telecomputing 4% 4% Giannini, G. M 14% 15 Teleprorhpter (stock) 5% 6% Granco Products .05 1% 1% Time Inc. 3.75 60% 63 Gross Telecasting 1.60 16% 18 Topp Industries (stock) 9% 9% Hewlett-Packard 21 23 Tracerlab 4% 5% High Voltage .lOg 24% 26% Trav-Ler 1 1% Hycon 2% 2% United Artists 4% 5% Indiana Steel Products 1.20a. 19 20 Varian Associates 15% 17 Jerrold 2 2% Victoreen Inst 4% 4% Ling Industries 6 6% Webcor .25g 13% 14% Leeds & Northrup .60b 20 22 Wells-Gardher /■ ‘ 6% 7 Machlett Labs .25g 14 14% WJR Goodwill Station .50d.. 11% 12% Dates of dividends in table are annual disbursements based on the last quarterly or semiannual declaration. Unless otherwise noted, special or extra dividends are not included, a Also extra or extras, b Annual rate plus stock dividend, d Declared or paid in 1957, plus stock dividend, e Declared or paid so far this year, f Payable in stock during 1957; estimated cash value on ex-dividend or ex-distribution date, g Paid last year, h Declared or paid after stock dividend or split-up. k Declared or paid this year, an accumulative issue with dividends in arrears, p Paid this year, dividend omitted, deferred or no action taken at last dividend meeting, r Declared or paid in 1958, plus stock dividend, t Payable in stock during 1958, estimated cash value on ex-dividend or ex-distribution date, y Liquidating dividend. Two Tape Advances: Two revolutionary developments hit the tape recording industry this week. Shure Bros., major supplier of recording heads to makers of tape recorders, announced a new magnetic head which would double the capacity of any standard tape. And RCA (though officials would not comment) showed an experimental, laboratory-made sample of a magazine-mounted prerecorded tape. Either of these developments could revolutionize present tape and tape recording standards. Together they could add more confusion to the tape industry than the 3-speed battle of 1948 forced on the disc business. The Shure Bros, head (TR-48), as does any standard head, both records on tape and plays recorded tape. As a recorder, it doubles the capacity of any standard raw tape. Users can put 4 monaural sound tracks on a single tape — or 2 stereo tracks. Shore’s head emits (or picks up) impulses from 4 stacked “windows” instead of the standard 2 — keeping within the width of a Vi -in. tape. Each track is half as wide as a standard track. Shure is first out with the new 4-channel head, though other suppliers are working on similar developments. Head will be made available to original equipment makers in May, a Shure Bros, spokesman told us, but prices haven’t been determined. Aside from its effect on tape recorder design, what the Shure head also does is open the field for record companies to double capacity of their pre-recorded tapes. Record firms will be able to put 4 sound tracks on tapes which now take 2 — only a short time ago they took but one. New head is “compatible” — that is, it can play present singleor double-track tapes. On top of this 4-channel head development comes RCA’s experimental tape-in-a-magazine. It is not yet ready for marketing, but it’s coming. This week’s showing was to sui-vey engineering opinion on preliminary sample. Ultimately the magazine-mounted tape will be boon to tape field since it will do away with the problem of threading end of tape from full reel to empty reel before tapes can be played. Industry views this requirement as a major deterrent to complete consumer acceptance of tape. Magazine-mounted tape permits simplified loading — like magazine-mounted film does in movie camera. With magazines, tape can be as easy to handle as discs are now. But tape will always be more expensive than discs, engineers te” us, and magazine mounting will add further costs. Magazine tape may threaten the dominance of discs, but record men feel their product will always have a key pi ice advantage. CBS Hits New Records: CBS Inc. consolidated net piofits for fiscal year ended Dec. 28, 1957 will reach alltime high of $22,100,000 ($2.90 per share) on record gross of $385,400,000 — just as predicted in these columns w'hen 9-mo. reports were made available last Nov. (Vol. 13:46). Figures will compare with $16,283,000 ($2.17) on sales of $354,780,000 in 1956, according to advance report to company’s board Feb. 12 preliminary to issuance of annual report. Gi-oss thus w^ent up 8.6''i. [For further details on CBS fiscal progress, see Vol. 13:46; for figures on capitalization, sales, pre-tax earnings, net profit, net per share, dividends, assets, price range by' years back to 1950, see our Special Report on Financial Data on Television-Electronics Companies of May' 4, 1957.] Great Britain’s TV set licenses totaled 7,657,184 Nov. 30, up 133,113 from Oct. 31. Radios totaled 7,016,538.