The Courier News from Blytheville, Arkansas on April 11, 1951 · Page 7
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The Courier News from Blytheville, Arkansas · Page 7

Blytheville, Arkansas
Issue Date:
Wednesday, April 11, 1951
Page 7
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XVEDXERDAY, APRIL 11, 1051 BI.YTHEVrU.E. (AKK.V COURTER NEWS SEVEN AT&T to Get Millionth Stockholder Soon and Set Milestone in History By WAYNE OLIVER , (For Sam Dawson) NEW YORK, April 10. IAP>— A milestone in the history of business will he readied shortly, possibly by month-end, when the American . Telephone and Telegraph Co, gets •jWll.v one millionth stockholder. It will be the first time any r.or- poralicn ever ha< had a million shareholders. Approximately, il will te the parent company of the 12- hillion dollar Bell System, the world's largest private business enterprise. The occasion will serve lo point. HP the tact, that ownership of America's industrial giants is widely spread among large numbers of investor*. At, least 11 corporations have more Ilian 100.0CO common stockholders—or owners. According to late 1 ;!, announced totals, they are: A, T. and T 935.303 General Motors 415.573 General Electric 240.073 Standard Oil Co. itiJ.1 ... 222,0(54 Cons Edison Co of N.1T, ... 122,484 than 30 times as much as asset-s. Packard Motor 110.043 Most large corporations encour- E I Du Pont de Nemours . 108,774 age wider ownership of their stock. Sinclair Oil 101,268 A number of them hav« spill, their At least 37 other companies have *«"•* In recent months so tl«; price from ttJOO to 1W .ODO stockhoMcrs, i ^^^^^" * " t'rcfcrred Holders Excluded General Motors split its stock two Thrse do not Include holders of I for one late last year and Standard Oil Co. INesv Jersey) stockholder will vote at. Iheir forthcoming annual meeting on a two-for-one split. Some idea of how widely the ownership of A. T. and T is spread can be gained from the (act that preferred stock in some of the companies. However, many preferred stockholders also own common stcck and would he accounted for in the total of common stockholders. The spread of ownership of these mid other companies does not always run in proportion to the size of the company, particularly in firms in which family holdings are U. S. Steel Pennsylvania Railroad Rvulio Corp. «[ America 200.8DG . . 189.770 largo, The giant Ford Motor Co., for" instance, docs not even appear on the list, j Although RCA lias more thanj cne and a half times as many; stockholders as Dvi Pont, its $311.800.000 in assets are dwarfed by r>u Pout's nearly U'O billion dollars. And General Motors with approximately four limes as many 174,000 shareholders as Packard has more stockholders in all the 48 states, anil at, least, 10,000 communities. The average holding is 20 shares. Some 200.000 of the em- ployes ot A.T. mid T. and its Bell system companies are A.T. »nd T. stockholders. Ivlrler Are Joint Affairs Among individual stockholders of A. T. and T., incidentally, 244,200 are men, 433,100 are women and 220.800 are Joint tman and woman) stockholders. There are 39,600 other shareholders in the Institutional or group ownership class such as ins'C.stment trusls, educational institutions and insurance companies. There Is a further spread of ownership of a company in many of these group holdings as Ihe shares held by a single investment trust may be in behalf of several thousand persons. The biggest. General Motors stockholder is Du Pont which has 22.1 of GM common stock. But il turn, this makes the Du Pont stock holders indirect owners of that stock. As for A. T. and T.'s cne millionth stockholder, he will be difficult to determine since the number of stockholders is increased in three ways. They are: by exchange o! convertible debentures for common stock, by completion of payment for new shares by employes tinder the company's payroll deduction plan, and by a present stockholder's sate of part of his holdings. But th« company will come as close «s it can to picking No, 1.000,000 lor recognition .at a ceremony befitting the occasion. '-•'• '."••>/?.{ .,.,. j^yflK'!'?''$$%. TWO GUYS NAMED JOE--M Seattle, Wash., I'vt. Joe P. Mnr- tincz smiles happily aboard Ihe transport Pvt. Joe P. Marline/,, u-hieh is carrying him to Korea, Marline/., holding life prererver bearing his name, is no relation lo the soldier the ship was named Jiftcr. In Craighead Hurt by Frost JONESBORO, April 11. (AP> — : Thousands of dollars worth of damage to blooming strawberry plants in Craighead County was caused Monday night by the 32- degree temperature registered here. John M. Cavcnder, county agricultural agent, estimated that up to 15 percent of Ihe ripening crop on 300 acres In this county was lost. HE sain that the flrsl berry picking would probably be delayed "until some time -n early May." Damage to garden vegetables anc pasture crops was slight, he add cd. PACKAGE FOR JOE STAUN—New York businessman K. O. W. Wahle has a package weighed in at the Frankfurt, Germany, post office (or delivery to Joseph Stalin in th« Kremlin. The package contains a radio, with which Wahle hopes Uncle Joe will tune in the Voice of America. Soviet officials in Western Germany had refused to handle Wahle's gilt, so he turned to the r.iails as a last resort (NEA-Acm« photo by Staff Photographer Guenter Hett.) /j /t Coming or Going ? ONTARIO, Calif. —<«•)— If this chick grows Into a chicken it may be able to run frontward or backward with equal ease. It was hitched with four tegs. Tsvo are normal. The extra pair is Just behind them but hearted in the opposite direc- Policeman Kissed on Duty Is Jailed in Germany HAMBURG. Germany W>— A pn- ice official was sentenced lo four weeks imprisonment here because "kissing dors not belong lo the sphere of duty of a policeman." The official had interviewed n housemaid on the suspicious actions of one of the boarders. When [lie interview was finished he threw her on the couch and kissed her. "I had ctascd my notebook and so my duty was finished," (he young policeman told the judge. The. maid did not notify the prosecutor, her fiance did. saves Rise Stevens up to "0001 par! 8:i5 am.,, Start ol aksj day! Andrigntatthtsiar^RUf stcvcm, glninnrcnis radio, mm nml Mclrnpolilin Oprra star savti! up lo !S3S on llic initial cost of her Henry J ... over any other comfarMc car! I it tlH RJi! There's no prrfoimanw today, hilt Risf /evntlir rhrifty performance of her Henry J . dflighled to know il will UKi up lo m <m g" "'try IO,nOP rmlrO. irjjain! e. And her Henry ! Up lo !i il J, R«5 "rives a,, O on tire coils every mil p.nt.3 so catilf! 130 JB1...TO tilt Tonight Rise flici to lioslon and hnrk. There's lupgJSe room g,ilart in her Henry J...incl it ia<rs lip to !60 every year in (axes intcrcj! charges arid oilier fees! The day's driving le^vei her rested and relaxed! Semitic.', iicr llcnry J costs lew io buy, drive ind rti.iinuin...cjn ia^:e her U]> to 5AOO a yc.xr. Why not s-tvc with the Henry J your«U? 406 W. Main Phone 591 Eaiser-Fmer's the fashion car (or today! See jcar tuamt Siiser-Fraztr Dialer 61 MOTOR CO. — N. Highway 61 — Phone 2142 REDUCED THIS WEEK ONLY " f ,' • ' /L_- ,.,'-'•.--,• J .''i ! * •' *7-' •!•• -• XV Vf \ ^t?e*T-\ 60 GAUGE, 15 DENIER' NYLONS, REG. 1.39 I.O9 Wow ifiU-pr!<*d hr a ijfp I t Wnr<J$ own Carol Br#n*i » Fi'rif quality! fu/f-fashion* pr; Nol -51, not 5-i —bul exqutsil* 44 gaugs rtylom al I hi* exceptionally low price. Try fhem. Malic* how luxuriously iheer they are . . . and with mom ittkhes per inch-and-o-ha If, fhey hove a super-fine, elastic texture lhal resists snagging. In oil popular thadesj sizcj from 8!/i lo IQ!/a; REG. 98c PLASTIC DRAPES CUT-PRICED 84 * Prfnf ond (ofid-co/cr efrop«r/*i • Smart lelf-ctnttr va/onc» tfy/« , For freih new interest ot your win*- dowi, choaie colorful tropical-leaf drape ri«i (ea. lid a 24x90 in.) of popular solid-color drcperiei in decorator-approved huesi red, hunfw green, blue, v/ine, yellow, ros«, ar«y and *ea green tea. ilda 27x90 jrO- ® J.59 P/osfic Draper/es, Now. .1.31 "WILD ROSE" BATH TOWELS Reg. 1.29 Connon's reversible jacquard design "m thieve colfon ferry. 5 jmart shadei. • Molching I6x27-ln. Foce Towel, S!)t • Matching I ?x } 2.Jrt. Wmb Cte/ri . 2 ' = "* " ' 4< "'"' •< I * SALE—REG. 1.49 VITALIZED OIL Premium grade. Thera'i nans flnor ot ^ ony price! Clingi ro "hot-ipoli," flgritj I carbon, sludge. Price includes Fe^ral lav.. Save. Buy Vitalized now. fi^i, 1-9*. Cant fa tat* BEAUTIFUL DETECTO HAMPER All metal, hand-paint ed trim. Snog proof, rustproof inside, enameled out iidc. Large capacity upright ityle. • Delecfo Boih Scofe 6.A5 9.09 SPECIAL PURCHASE PIE PLATES Exceptionally low-prk«ti — buy several. Durable, lightweight, ruilproof aluminum — heats quickly, evenly — bakes y golden undercuts, Standard 9" diorn.

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