On January 1, 2016, Metco, Inc., reported 822,100 shares of $5 par value common stock as being issued and outstanding. On March 15, 2016, Metco, Inc., purchased for its treasury 7,200 shares of its common stock at a price of $74 per share. On August 10, 2016, 2,900 of these treasury shares were sold for $86 per share. Metcos directors declared cash dividends of $3.10 per share during the second quarter and again during the fourth quarter, payable on June 30, 2016, and December 31, 2016, respectively. A 3% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year.