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Television digest with electronics reports (Jan-Dec 1958)

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COMMON STOCK QUOTATIONS Week Ending Friday, February 21, 1958 Electronics TV-RadioAppliances Amusements Compiled for Television Digeet 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 Wk. High Low Stock and Div. Close Chnge 1957-8 High Low Stock and Div. Wk. Close Chnge 14'/, 6'/5 Admiral 8/, +'/> 37614 270/? IBM 2.40b 332/? 27 16/a AmBoschl.OSg. 19/s -/? 37/4 25/, IT&T 1.80 29/, -/a 24/, 11/, ArnBcstg-Para.l 14V4 -/, 50/, 33 I-T-E CirB114d. 37/, -/a 43H 29/, AmMach&F 1.60 34/, -1/, 10/, //, List Indust 14e. 7/a -f/a 179/, 160 AT&T9 172 -/? 56/, 2914 Litton Ind 38/, -f/a 33/. 19/? Amphenol 1.20. 24/, -/a 22 11/, Loew's 14/, -1 36/, 28 Arvin 2 28 -/, 44 28/, Magnavox 114 b. 35/, 7y, 4/, Avco .lOg 6/1 -/a 50/, 23/? MaMory 1.40b.. 26/, -f/a 47 V, 21 Beckmln$tl/,( 21/, -/a 131 73/? Mpis. HTI 1.60a 80/? -3/, 66/, 42 Bendix Av 2.40. 48/, -I-/, 51/, 35/, Motorola 114... 39/, -f/? 52/, 27/, Burroughs 1 .. . 31/, + '/2 9/? 7 Nat'l Thea 14 . . 8/, -f/a 25Vi 15/, Clevite 1.15g.. . 17 -/? 38/a 28 Paramount 2... 35 -1/, 36/, 23/? CBS “A" lb... 25/? -1/4 18/a 11 Philco /at 14/, -/, 35 /, 22/, CBS "B" lb... 25 -1/a 40 27 RCA la 34 -f/a 20/? 11/, Col Pictures /,t 13 -/, 23/, 16/a Raytheon 22/, -1/, 54/, 25/, Cons Elec .40a.. 28/, -/, 8/, 4/, Republic Pic... 6/, -f/a ,35Vi 18 Cons Electron . . 21/, + ’A 39/, 29/, Sang Elec 1.80. 32/, -/, 27/? 12/? Cor-Dub 1.20... 14/, -/, 18 12/a Siegler .80 14/? -f/. 106/, 57/, Corning Glass la 77/, 6/, 2/, Sparton 3 -/, 6/, 3/a Davega 3/, 26/, W/a Sperry Rand .80 19/, -f/a 47 27/? Daysfrom 1.20.. 3014 -/a 9/a 5/, Standard Coil. . 714 -f/a 19/, 13/a Decca 1 14/, -/, 18/? 13/, Stanley-War 1.. 15/, -/a 15/, 13 Disney .40b 17 41/a 27/, Stew Warner 2b 30/, -/? 115 81/, EastKod.90e.. 101/, -1-2 /, 29/, 18/, StorerBcstgl.80 23 -fl 34 22/, Emer Elec 1.60. 32/, -y. 46/, 29/, Sylvania 2 35/? -14 6'/, 3/, Emerson Radio. 5/, -H/, 31/? 15'/, Texas Instru. . . 28 -/, 10/, 6/, Gabriel .60 8/, +Vi 89/, 46 ThompProd 1.40 43/, -3/, 68/, 4614 Gen Dynamics 2 60/, -2 37/? 21/, Tung-Sol 1.40b. 23/, -/, 72/, 52/, Gen Electric 2.. 60/, -/, 30/, 19/, 20thC-Fox 1.60. 25 8'/i 4 Gen Inst. .15g.. 5/, -/a 25/a 15 United Art 1.40. 18/? +/? 47/, 30/, GenPtEquip2.40 39/, -fl/? 30 /, 18/, Univ. Piet la... 22 -fl/. 30/, 22/, General Tire .70 26/? -/, 28 /a 16/? Warn Bros 1.20. 18 -/, 45/, 36/, Gen Telephone2 42/, -f/4 68/a 52/, Westingh El 2. . 62 -/, 25/. 17/, Hoffman Elect. 24/? -f2/4 140 91/, Zenith 3a 131 -2 AMERICAN STOCK EXCHANGE 4V^ 214 Allied Artists.. 314 -f/a 4414 29/, Hazeltine 1.40b. 32/, -2 52W 19/, Allied Con la.. 36 -/a 3/a 2/? Herold Ra .15gi. 2/, -/, 21/? 11 Amer Electro/? 13/, -/a 6/a 3/, Int Resist .20... 4 11/, 6/a AssocArtProd . . 914 -f/a 8/, 4 Lear 5/? -/, 12/, 4/a Audio Dev .05d. 9 -/4 1/a /a Muntz TV /? 13'?4 614 Belock Inst /at. 8/, -/a 3 /a 2/a Muter Co. 14t.. 3 -/, 1/, /aC&CTV /? +^6 9/, 5/a Nat'l Telefilm.. 6 -/, 5 2/? Clarostat.l5g.. 3/, -f/a 2 /a 1 Nat Union El... ly. 6/, 3 DuMont Lab... 3/a -/a 11/, 3/, Norden-Ketay.. 3/, -/, 7/, 214 Dynam Am 314 -/4 5 3 Oxford El.lOd.. 3/, -/, 12'/, 8 Electronic Com. 13 -fl/4 20/a 10/, Philips El 13/, -/a 12'/, 5/? Electronics Cp.. 714 -f/a 12/a 6/, Servomech .40. 7/, 28/, 16 Fairch Cam /?g. 30/a -fl/. 9 314 Skiatron 4 -/? 30 814 General Trans.. 19/? -/a 8/, 2 /a Technicolor 3/, -/a 28/? 17 Globe Un 1.20b. 14/a -1/4 5/a 3/? Trans-Lux ,20g. 4/? 4/, 2/? Guild Films.... 3 -/a OVER THE COUNTER AND OTHER EXCHANGES (Latest Available Data) Bid Asked Bid Asked Advance Ind 2 2/, Magna Theatre 2/4 3/, Aerovox 3/? 4 Maxson (W. L.) .05 6 6/? Airborne Inst 42 46 Meredith Pub 1.80a 27/, 30 Altec Co .80 7/4 8/? National Co. (A% stk) 11/, 13 AMP Inc .50 16/, 18 Oak Mfg. 1.40 15V4 16V4 Ampex 40 50 Official Films .10 1% 1/, Baird Atomic loy. 12 ORRadio I5V4 17 Cinerama Inc ly. 2 Pacific Mercury TV 5/, 5/? Cinerama Prod i/« 2/, Packard-Bell .50 11/, 12 Cohu Electronics //, 7/, Panellit 5 5V4 Collins "A" .35 13/? 15 Perkin-Elmer 25/, 27 Collins “B" .35 13/, 14/4 Philips Lamp (14% of par). . 32/? 35 Cook Elec. .40d 19/, 22 Reeves Souhderaft (stock) . . 2/, 3/, Craig Systems 4/, 5 Selectvision Inc 1/, 1/, DuMont Bestg 7 7/? Sprague Electric 1.20 30/, 33 Eitel-McCullough (5% stk)... 27/? 29 Taylor Instrument 1.20 29/? 32 Elec Assoc (stk) 38/? 41 Teie-Broadcasters 2/, 3/, Erie Resistor .40b IV? 8/, Telechrome .30 6/? 7 Friden Ind. 1 40 44 Telecomputing 4V4 5 Giannini, G. M 13/4 15 Teleprompter (stock) 6 7 Granco Products .05 1/, 1/? Time Inc. 3.75 58/? 63 Gross Telecasting 1.60 16 17 Topp Industries (stock) 9/, 9/, Hewlett-Packard 22/, 24 Tracerlab 4/, 5/? High Voltage .lOg 24/? 27 Trav-Ler 1 1/, Hycon 2/? 3 United Artists 4/, 5/, Indiana Steel Products 1.20a. 19/4 19/? Varian Associates 15/, 16V4 Jerrold 1/, 2/, Victoreen Inst 4'/4 5 Ling Industries 2 2/, Webcor .25g 13/, 14 Leeds 8> Northrup .60b 19'/, 22 Wells-Gardner . 5/, 6V4 Machlett Labs .25g 14 15 WJR Goodwill Station .50d.. 11/, 12/, Rates 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. Networks Change Topkicks: ABC elected Oliver E. Treyz pres, of the ABC-TV network this week, promoted from v.p. in charge of TV network, his job paralleling that of Robert E. Eastman, pres, in charge of the American Broadcasting Co. Radio Network Inc. It was just 10 years ago that the 40-year-old Treyz joined ABC as a “presentations writer,” rising to director of ABC Radio in 1954, quitting in 1955 to found and become pres, of new Television Bureau of Advertising, returning to ABC-TV as v.p. in Oct. 1956. This week, too, NBC announced changes in its setup that will lead eventually to similar separations of TV and radio operations — naming 50year-old P. A. (Buddy) Sugg, exec. v.p. of Daily Oklahoman’s WKY Television System Inc. as head of NBC-owned stations and of Spot Sales Div. as of April 1, reporting directly to pres. Robert W. Sarnoff. He’s slated to be elected an NBC v.p. for the 2 jobs at March 7 board meeting, presumably also will be elected to one of the 2 board vacancies created by the recent death of v.p. Emanuel Sacks and the April 1 promotion of v.p. Charles R. Denny to RCA v.p. (Vol. 14:7). Sugg takes over Denny’s chief administrative jobs, except that California National Productions Inc. and NBC International henceforth will report to J. M. Clifford, exec, v.p. for administration; and TV facilities, with Charles Colledge as v.p., henceforth reports to Robert E. Kintner, whose title now is exec. v.p. for TV network. Tom McFadden, heretofore v.p. in charge of owned stations and spot sales, will report to Sugg, absorbing duties of John H. Reber, director, siwt sales, who has resigned. The popular “Buddy” Sugg, long active in industry affairs, turns over his post as exec. v.p. & mgr. of WTVT, Tampa (Ch. 13) to Eugene B. Dodson, who leaves general managership of WSFA-TV, Montgomery (Ch. 12) which he in turn will relinquish to his sales mgr.. Carter Hardwick. Third TV outlet of the Oklahoman group, WKY-TV, Oklahoma City (Ch. 4), and radio WKY continue under management of Raymond W. Welpott, who succeeded Sugg when he went to Tampa. Sugg has been directing head of all 3 stations, having founded the Oklahoma City TV in 1949 for the Gaylords and having engineered the acquisitions of the Montgomery & Tampa outlets. New job marks return of Sugg to NBC employ, for he started with old KPO, San Francisco, as a control engineer in 1929, qualifying with his ship’s operator ticket. He rose to NBC supervisor of engineering before taking leave in 1940 to rejoin Navy as a lieut. j.g. He was on the U.S.S. California in Pearl Harbor when it was sunk by the Japanese, later served under Admirals Kimmel, Pye and Nimitz, successively, first establishing the Pacific Fleet Radar School at Pearl Harbor, then being assigned to Bureau of Aeronautics at MIT, then to staff of chief of Naval Air Technical Command. Later he was named commanding officer. Naval Air Technical Training School, Corpus Christ! (airborne radar). He was released from the service in 1945 with rank of captain, 12 ribbons. “Do you own a TV set?” may be dropped from the 1960 census because. Census Bui'eau says, TV saturation may be close to 100% by that time. Radio and refrigerator ownership are almost certain to be drojipcd, replaced by air conditioners and home freezers.