A. B. Chance stockholders meeting

Chance Firm

Stockholders

Plan Meeting

Board to Be Elected,

Proposal to Increase

Shares Will Come Up

CENTRALIA — Stockholders of the A. B. Chance Co. will hold their annual meeting at the company's offices here Saturday, April 28, at 10 a.m.

They will hear a report on the company's 1955 operations, elect a board of directors, and vote on a proposal to increase the number of authorized shares of common stock from 500,000 shares to 1,000,000 shares.

There are now 432,608 shares of Chance common stock outstanding, including 50,000 shares sold to the public earlier this month.

In addition, the company has offered to exchange 35,968 shares for common stock of Porcelain Products, Inc. If all Porcelain Products stockholders accept the offer, the number of shares outstanding would be increased to 168,576, leaving only 32,424 shares for future issue.

Made Purchase in December

The Chance company last December purchased 50.4 per cent of the common stock of Porcelain Products, which has factories in Parkersburg, W. Va., and Carey, O.

Equipment for the electric power and communications industries is manufactured by Chance in factories in Centralia, St. Louis, San Francisco and Pittsburgh, Pa.

The Pittsburgh plant was acquired last year when Chance bought the Seyler Manufacturing company.