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fyus* ADM.
apr i
iiBRARV
1945
-
MONDAY
nQ
Financial
Jm JL ^1 dCiL JL
mm
JL JCbL JLJ1
m
Reg. U. S. Pat. Office
.Volume
Number
163
New
4477
RAILROAD
PUBLIC UTILITY
-
•fj- ".v^r
■
v;«- rrrw
INDUSTRIAL
-
^
•••
.,
■
.
..
,
•
-The Norwegian service will be
shareholders
The
the
at
annual
meeting
held
March 28,
on
authorized
approved
new
stock
common
from
22
approved
200,000
plan
a
750,000
to
shares.
Europe, is planning
a
subject
American
approval
.
director
a
succeed W. L, Stan-*
to
Forging & Socket Co.—Earnings—
Quarters Ended Feb. 28—
.
.
1946
Gross sales, less returns,*
I,
allowances
;
-
discs.—
&
•'
1944
1943
•.
.
$936,992
$1,177,381
440,701
$2,962,690
2,575,023
811,885
1.007,698
t$110,543
^Cost of goods sold—-
l
1945
•:.YY;
$330,158
$387,668
$125,107
•
Two?
Y'YY Operating profit
Y; Other income
iiiii
Swartsweller,
11,961
L'v
25,750-
$169,682
15,165
VY
11,585
-
additional
In
This
Issue
* Total Income
; -
Stock and Bond
The directors have declared an extra dividend of 25 cents per share
Like
amounts
paid on Jan.
1945.—V. 163, p. 1413.
were
New York
15, last, and in each quarter during
Quotations
New
The Manufacturers Trust Co., New
trustee
for
81,000,000
5%
See offering in V. 163, p.
i9ol.
Alabama Great Southern
Month of Februaryfrom railway.
Net
from
Net
railway
'r. :
1945
from
698.534
..
103.387'
Net
from
Net
ry. -oper.
p—V.
2,362,272
railway
railway ..Y-
-3,659,244
1C3,' p.
-
1,666,200
206,984
tion.
380,168
-
-1,599,929
,
Stock
Stock
ance
209;
I.-
1755
-
—-.1756
1756
Stock Exchange.. ::^-:ci^_i757'-i!l
Stock Exchange
-———1757
1149.
AIdens» Inc.—New Name—
Toronto
Exchange
Curb
Stock
,
162,
1161.
p.
Exchange—Curb
Section
The
stockholders
stock
common
shares
on
a
on
March
26
approved a proposal
changing the
split up the
value of tho
to
two-for-one basis, on
par
f :,;
value
par
^
<
>
,
L_
Stock and Bond Averages
tration
—1744
to 250,416
issuance
The
from
from
railway
;
Y $2,329,911
railway
From Jan.
Gross
Net
>'
—V.
American
four-engine
System
CharlesA.
reduce
airline
elapsed
service between
Los
Angeles
and New
Foreign Exchange Rates
1764
Banks
Reserve
Federal
time
Under
Vice-Fre3ident^saleS,ftthiS*; neW,i:service
between
the
old
Los
DC-3
Angeles
schedule
required
for the Westward flight.
schedule of. 14 hours 25 minutes.
.
The
and
New
York
hours
20
new
7
by
will
nearly
minutes
service Ycalls
for
eluded.
1
Condition Statement of Member Banks of
Federal Reserve
of
-
V;
.
the
Federal
the
all
from
Communications
places
rate
In the
United
is'higher than
30
Commission,
States
to
cents per
all
to
30
cents
countries
word,'
word
per
abroad
'
v
are
Latin
between
and
America
San
Francisco
and
certain
of.
American
tween
i
present
York
New
rate
and
of, five
the
cents
United
per
word,
Kingdom
a
as*
reduction
compared
of
with
40%.^;;'.,r>:
,v
Airlines
SPECIALIST IN
Y
<■
f'/v'
FLORIDA & NEW JERSEY
.
V
WS. ELECTRONICS SSYfi'Y
/
Municipal Bonds
"a. 'l:
&
compan y
\
Telephone:
HAnover 2-2600
Bell
Teletype: NY 1-573
\
'
.
'
New
York
a
BEctor 2-3600
Philadelphia Telephone
Enterprise 6015
split
a
proposal
recommended
authorized
by the
shares
(no
Capital Stk.
directors
the
of
to
split
all
up
company,,
and
of. the
par)
,,; without changing the capital
.
....
The company will
proceeds from the sale.—V., 163, p, 1149,
no
the
;■
^
'
•
The stockholders on, March
at
raising
the
mantic,
and
21 approved the: financial program aimed
to acquire the land and buildings now occupied by
Whitney Division of the United Aircraft Corp.. at Willi*
funds
Pratt
&
Conn.,, to
purchase
equipment
,'Y
new
help'defray moving
to
for
in
use
now
program includes .retirement of 1900 shares of
in the treasury prior to the issuance of a ; 100^
dividend
on
the
43,100
board of directors
convertible
long
was
preferred
of
stock
:•
•.
of
authorized
term; bank loan of
ofthe local banks.
shares
about
Common
to
$50
issue
par
stock
new
plant
v
common
stock;'
common
stock
outstanding.
The
21,550 shares of cumulative
approved was a
to be obtained through one
value.
$1,250,000
the
i •;
expenses.-,
The
Also
■'
x
Present
plans- call for contihuation of manufacturing at the New
England mill, one of the two plants now operated by the company, in
1'<■!.' '".
.
■'''
NEW." YORK STOCKS,
INC.
1Y;.y>.
DIVERSIFIED
;
;
-
.
-
PROSPECTUS ON REQUEST
W.
LONG and COMPANY
INCORPORATED
/-■
48 WALL STREET
Bell Teletype
New York 1-576
re¬
American Screw. Co.—Stock Dividend and New Pre-*
ferred Stock Approved—New Director—
/
HUGH
Security Dealers Association
45 NASSAU STREET,'NEW YORK 5
Telephone
to
into 864,000'shar.es
company.—V. .163, p.
the
';
'■■■. incorporated'
Members
NEW YORK 4, N. Y.
Additional
of
has authorized the listing of 432,000
(no"par); upon official notice of
up on the basis of two shares for one
5; INVESTMENT; FUND M
Kobbe, Gearhart & Company
Established 1922
30 BROAD STREET
regis¬
J;,
number of shares applied for 864,000 shares/.
a meeting held, March 13, adopted a resolution
%:
MUNICIPAL DEPARTMENT
callen
first
York Stock Exchange
pursuant
RAILS
INDUSTRIALS
Y:-;Y"''r-
the
'
points in
Mr. Pierson
said that a 30 cent; rate between the United States
System's transatlantic service to Y- and all British
Empire points had been agreed upon at the Bermuda
include another foreign capital, Oslo, Norway, effective
April 5
was
Conference last November.
This rate will become effective when con¬
announced
on
March 28 by Harold ,R. 'Harris; Vice President and •"
sent of all British Commonwealth Governments has been obtained.—
General Manager of American Overseas Airlines.
V. 162, p. 3186.'
v Y
'
Extension
constitutes
,
ceive
In addition to this drastic reductidrij' the- present 20 cents per word
ordinary rate in effect between New York and all points in Europe
and
a
H,'
This
the company.
48,664 shares of class A stock.
where
'
the Far
Norway—
by
stockholders, at
.
:.v>
Extends Transatlantic Service to
$3,358;
" V;
■
J
-Stock Offered—
108 investment bankers headed
jointly by Kuhn, Loeb & Co.; Glore, Forgan & Co. and
LehmRii Brohters" on March 29 offered 478,194 shares of
class B stock at $35 per share. • The shares, held by the
Alien Property Custodian and awarded to the
group;
at Competitive sale March 27 on a bid of
$15,440,884,1%-^
resent approximately 80% of its total outstanding capi¬
talization.
The only: other securities outstanding are
System—.
,
■
;
•
^
East and Latiri America will be extended to all points in the
■<
,•*'
•
United States., This will permit a customer to send a
Flagship will carry 55 passengers as compared with
message from
interior points in the. United States for 20 cents per word in; all
21 passenger capacity of the DC-3s formerly in use.
cases
where the rate is now 24 cents per word and
.Despite the considerable saving
in time, no; extra fare will be Y
proportionately
less for other categories.
.? ;•/,.£
.-imposed.
\
'■>
;
-".'i. ■'
Stops'only at Dallas and Washington will be made on this trans- ' /; Mr. Pierson also stated that the ACR System contemplates
putting
continental DC-4
service.
The service will be
daily, Sundays in^Y into effect in the near future a press rate of 3 cents per word be¬
-
'
1414.
DC-4
The
orders,
A nation-wide group „of
1764
-
/
York
DC-4 planes was inaugurated by American
March 21.
According to an announcement by
on
shop
Y
;
Hornblower & Weeks and Union Securities Corp.
of
1,114,355
Douglas
'
1763
Airlines, Inc.- -Starts Transcontinental Serv.
Rheinstrom,
hours.
2,507.547
pro¬
shrinkage, $23,assets, $6,358; total
patents, $1; tools and dies,
other
Co.—Registration Statement Filed
unissued,
,:
.1765
Clearings—
.
Transcontinental
Airlines
5,879.091
1,681.229 £ 2,144,728 I
4 588,839
913,774
-
1149.
5,957,254
5,731,220
railway
4,766,021
railway
:_„:vY-. 912,751
oper. income—*.
354,950
p.
1,214,594
537,855
•
*
"
from
163.
$2,878,636
1,129.800
377,199
from
Net ry.
The Course of Bank
493,291
961,667
Dividends Declared and Payable—
1943
$3,052,074
$2,938,670
494,027
182,691
*
filed
change, the /presently
.
Redemption Calls & Sinking Fund Notices. 1764
Net ry. oper, income—
$16,800;
inventory
".V,
principal underwriters;
as
..approving
Alton
Net
total
lY same. ;class. on ■ the basis' of two shares'/for one, and amended the
certificate of..incorporation" by changing the 432,000 Shares, issued or
Sitate and City Bond Offerings and Sales—-1775
—V. 163, p. 1414.
Gross
'
claims,
reserve
for postwar conversion of plant, $118,688;
$231,400; capital surplus, $410,000; earned surplus, $331,*
>yf making the total
Miscellaneous Features
1944
for
reserve
$6,435;
:
statement
The New
;
...
1945
termination
American News Co.—Listing
^
W. G. Robbins, President .of Carboloy Co., Inc., has been elected a
director to fill the vacancy created by the death of George W. Ansted."
Month
-v..,-
• -
V
»Y,^ additional shares of capital stbek
New Director Elected—
RR.—Earnings—
of February— f
\ 1946
'
1946
$225,000;
named
are
_1744
from $10 to $5 each, and on increasing the authorized number
from 135,777 to 750,000.
The outstanding stock will
shares of $10
supplies,
trolling stockholders.
*
of common shares
thereby be increased from 125,208
shares Of $5 par value.,
deprecia-.
Company on March 22 filed a registration statement with the SEC
covering the proposed-sale of 105,000 shares of common stock ($1 par),
The stock is outstanding and represents part of the holdings of con-
1760
-1762
—
Transactions New' York Curb Exchange
,
$260,185;
American Molasses
| Transactions New York Stock Exchange—1744
Allied Products Corp.—Split-Up of Stock Approved—
inventories,
manufacturing
tiation,
1761
1757
—
Over-the-Counter Markets
•
$2,000;
accounts,
479;. total, $1,778,394.—V, 163, p. 646.,.
/
,
Chicago Mail Order Co. below.—V.
v■.
SHEET FEB. 28,
$46,093
-
and
1760
Toronto Stock Exchange
$
doubtful
capital stock,
1757
Exchange
$92,968
expenses
eral
pn inepmp.-pripr.; year, $32,1,781;
accrued dividend, $28,926; ',
Accriied miscellaneous, $9,242; lease deposit; $200; reserve for renego-.;
v;
Stock
70,732
10,000
$102,742
t$98,582
.'
4,438
:
60,000
LIABILITIES—Trade Accounts payable, $80,899; accrued pavroll and
payroll deductions, $12,935; taxe3 other than on income, $7,844; Fed„
Montreal
.
:
selling, administrative and general
total, $1,778,394.
Philadelphia
Montreal
395,585
3,774
43,528
property, plant, and equipment, $483,695;
$3,737;
prepaid expense, $3,720;
uncompleted
-V;i755
Exchange.
Exchange.—.
for
ductive
.1754
j St. Louis Stock Exchange—*———
'
See
Y
$181,268
ASSETS—Cdsh, $875,8445 trade accounts receivable, $143,470; aflpw-
*
Pittsburgh
?
1,598,765
' 375,791
—
1,651
tLoss.
•
$140,272
299,024
(est.)
BALANCE
s
-1754
Los Angeles Stock Exchange-
3.487,151
-
Exchange—.
Detroit Stock Exchange——.
$1,647,125
iik,' 770.599
A 221.271
805,599
-
3,969,714
521,930
income
"Includes
.
•
.1754
Stock
Chicago Stock Exchange.
1943"
v
-
200,161
145,403
-
Baltimore
f; Boston Stock Exchange.
:
|
1944
inc.
on
1745
(Bonds)-—
Exchange
>
-;rT'l.^l733
.1749
Cleveland
$1,791,705 " $1,836,350
"
Gross
Stock
York
Cincinnati
RR.—Earnings—
,''240,671
ppe& income
From Jan. 1—
•:
1413.
$1,116,405
ry.
Appointed-
fund
1946
Gross
Exchange (Stocks)
*
York, N. Y.; has been designated
debentures issue due Feb,
sinking
Stock
New York Curb Exchange.
•
'".Y'
Airline Foods Corp.—Trustee
taxes
V'Net income"
quarterly dividend of 25 cents per share on the capital
value, both payable April 25 to holders of record April 10.
no par
$413,418
Res. for post-war recon.
and the regular
Block,
t$98,582
Other deductions
Fed.
six
elected
been
American Car & Foundry Export Co., having direct supervision of
sales, subsidiary companies, and foreign representatives.—V. 163, p. 1021,
They also
shares.
Air Reduction Co., Inc.—Extra Distribution—
in
has
of
castings, forgings, gears and electrical equipment.-—V. 163, p. 1761.
v
Williams
A.
who recently resigned from
that post.
Lv-r, Mr. Williams has been Vice-President, of Sales for this company since
December, 1943.
He is also Executive Vice-President and a director
.av
-in?, iv.
R.
i ",
v
the
will
E.
to
American Car & Foundry Co.—New Directors—
v
.
)
reduction,
further
MISCELLANEOUS
-
'jVcllffe
Lee
Chairman and President, told shareholders
350,000 common shares authorized would be used to
finance purchase of some concerns which supply it materials, such as
the
continuation of the present weekly
Pierson, President, on March 27 announced that the
company/in line With its policy inaugurated May 1, 1945 when it put
into "effect a rate of 20 cents per word from New York to all coun¬
in
Copy
a
f
.
American Cable & Radio Corp.—To Cut Rates—
Warren
tries
increase
to
"two-for-one" split of the present common
be exchanged for each share held.
a
shares
Ernest
March
- -
...
quoted ex said distribution until further notice.—V. 162, p. 2633.
on
INSURANCE
-
.v .
equipment will be Douglas DC4, four-engine Flagships.—V. 163,
P. 1557.
/ \ > v
: /'--vr
Aetna Standard Engineering Co.—Stock Split-up—
shareholders
a
.
The
amendment to the Articles of Incorporation, pursuant to1?which each
common share of no par value will be changed into two
common shares, of no par value, by the distribution on or about Aprils
10, 1946, ot one additional share to holders of each share of record
March 29, 1946.
The New York Stock Exchange directs that the common shares be
The
«
round trips to the Scandinavian peninsula.
1946,
approved an
not
Price 60 Cents
York, N. Y., Monday, April 1, 1946
NEW YORK 5
A
"
654 SO. SPRING ST,
LOS ANGELES U
THE COMMERCIAL & FINANCIAL CHRONICLE
;; 1718
Associated Electrical Industries, Ltd.-<-Rights—
Bay State mill will be sold and operations
plant at Willimantic.
It is expected that the trans¬
planned for operation at Willimantic will take some ,;
time to accomplish, starting possibly la to-in the Fall.
'' >x ■
Timothy J. Mee has been elected a new director.—V, 159, p. 2514.
<:
Providence,
I. ;v The
R.
moved
to the
fer
equipment
of
new
End
Period
Feb
York Curb Exchange
,
,
.
1946-—Month—1945
1946—2 Mos.—1945
$2i;533,664 $17,015,803 $46,944,642 $38,051,699
28—'
Safes
expected that it will bo installed In the principal ticket. offices
of '
the B. & O. as soon as it gets into
production.
It not only speed!
received notice March 22 from Guar¬
up the ticket purchase
transaction fot
the passengeir but eliminates
anty Trust Co. of New York that Associated will offer to the holders $ the
cost
of
the
printing, maintaining and accounting for a
of its ordinary registered shares the privilege of subscribing to-new
large
stock of printeddestination ticketsi'
•
'
;v ,
■
;
f
ordinary shares at a subscription price of 50 shillings per share in
the ratio of one ordinary share for each five ordinary shares held.
Court Denies New Hearing on
Adjustment Plan—
•
Guaranty Trust Co. has set March 30, .1936, as the record date of A
A spefcial Federal court*at Baltimore'has*
d'enied a motion for a new
holders of the American depositary Receipts representing the .ordinary
hearing on the debt adjustment plan filed March 23 by
registered shares !of the corporation: in connection with the subscrip¬
Randolph
Phillips, New York financial consultant.
1
tion offering.::,
The three-judge court issued
a. decree approving the plan March 13.
The-Curb
Exchange committee on security rulings >on March 22
Mr. Phillips, chief objector to the
ditecceh t.i&c American uc^os.tar^ receipts ior 1 ne ordinary registered
plan in two previous suits, al¬
leged iiy his motion for a hew hearing that the railroad had
shares be quoted "ex" the subscription
appro¬
privi.ege on Thursday, March
priated more than $7,000,600 out of 1945 available income
for the
28,. 1946.—V. 157, p. 1522.
general sinking fund after the plan was approved. • •'
!
.
He also alleged that four
days after the decree, the road announced
Atchison
The New
s'
Sales trp 26.5%—
American Stores Co.—February
April 1, 1940
y,
,
i:
include newly acquired. Danahy*
figures adjusted, to.
Faxon Stores.—V.» 163, p. 1558.
NOTE—1945
Corp.—To Redeem Pfd, Stock-*-
American Superpower
The
directors
;
the
of
share,
1150.
p.
voted
have
outstanding first preferred
all the
call
to
corporation
•
'
,
of the electric properties of this company for the week
1946 totaled 84,059,000 kwh., a decrease of 7.42 ,<>.
output of 90,782,000 kwh. for the corresponding week of
163, p. 1558.
ended
March
■under
the
1945—V.
23,
Other
Net
Co.—Considering Recapitalization
recapitalization was disclosed March 20 at the
035,318
Pendleton
said
it
would
by
Moses
Pendleton,
President. Mr.
impossible to take any precise step until
be
in
part,"
The object of the plan, which will be
approval
:
f
.
*.
,,
with
a
""
"The
x''
V""(
>'
*
W,: >
f
\
'o*N
/
'
-
''xi, '-'f •'
r
lit
' ■?»
t'*\
v
^
1
%
■;
.
,
v
the
.•>
V.
*
163, p.
$100 -and
at
•
102 Vis
^
/'
i
Bank
sbme
interest.
Trust
Payment
Co;y trustee,
from
Bales and machinery rentals, less discounts; re- *v
*
<
-
From Jan. 1—
Cost
allowances
of
sales
V.
from
'
-
.
of
cosmetics,
toiletries,
household
and
the
of
the
will
common
be filed by amendment.
This is the first
company Which was started as!an Individ-;'
bys this
enterprise in
The price
arrd
< par
1886,
.
,
In
the
the
at
Central
N.
> Avon
Products, Inc., ir. order that the latter may make a payment
like amount to the Chase National Bank of the City of New Ycf-k
of its 10-year 2V»l!r
note, now amounting to $1,750,000.
The parent company is guarantor as to
principal. Interest and pre¬
lum, if. any, on this note., The balance of the proceeds, together with
f bthfer^ ftmds' in the treasury of the
company, will be used tei
<: of
1
•
a
in
reduction
ahd
modernize
including
expand
facilities
the
erection
of
of
the
and
company
its
subsidiaries,
a
manufacturing > warehousing - shipping - off icq ■
on
property now owned by Avon Products, Inc., in Pasadena,
Calif., and the purchase and installation of machinery'and equip¬
ment at the company's Suffern and Middletown
plants.
>It is esti¬
mated that the total cost of carrying cut this
program will approxi¬
mate' $925,bC0 during the next 12 months.
•Followirig-this financing the fcapitalizatloh of the company will con¬
sist of 50.000 outstanding shares of 4%
cumulative preferred stock
($50 par), and 596,000 shares of common (no par),
Consolidated gross sales of the company
in 1945, less discounts,
returns
and
allowances, amounted to $15,797,548 * and nfet
income
amounted to $763,557.
The company has shown a net profit in every
year sin^fe its incorporation; in 1916 and has paict cash diyidends i»i >
each* year at varying rates Isirice 1919. ^
'
unit
/
Hanover
Y.—V. 162.
/?..
•'
'■ ■"
RR,—Earnings—
1&45
•'
,
.1944
$414,583
railway
630,554
163,
179,194
riiA
803,493
331,433
'
.
'
*365,451
60,801
Period End. Feb. 28-
2--
revenues
joint
1946—2
Mds.-^1945.
Rent
Net
39,753,214
36,631,548
1,088,983
1,483,221
517,064
359,568
690.477
$1,043,896
$1,031,190
$2,293,436
expenses-
755,056
!, 657,178
1,554,688
$2,145,830
1.330,434
$288,840
$374,012
$738,748
$815,396
126330
243.944
309.366
543,426
21,810
1,642
53,233
tax accruals-inebme*(net
rwy.
'
Other
1,118,607
1946—2 idos.—1945
revenues-
oper.
Railway
"
facil.
and teats
•1946—Month—1945
oper.
Net rev. fr. rwy. open
f. v
$11,075,691 $13,330,681 $22,388,337 $27,939,769
8,646,774
8,721,677
17,710,592
17,981,700
"
' " "
'
1,100,000 "" 3,134,478
2,100,000
6,894,728
—
and
Railway
Railway
RR^Eamings-^''..- -
1946—Month—1945
,
Bangor & Aroostook RR.—Earnm^s-
79;395
;
p. .1418,
Operating
Equip,
-,
60,577
•
39,025
897,723
277,825
*
.
18,582
-Gperanng expenses-
*
904,262
62,038
•
r.
$395,234
165,959 '
29,067
,
29,234
,
1943
$442,040
113,591-
.
'
*
t
■
Atlantic Coast Line"
1,179,144
r
made
37,371
11,536
Net from railway^._i
Net; ry. oper;-income—,
freight4-_^-->--'-----—. $52,657,440 $50,334,169
and
which,
..
•Gross
.
turns,
'
be
$304,702
__
Taxes ;
5 '
.
will
1946
railway..
railway.*..-.;
JNet ry. open income—
!v
1944
1945
of
70 Broadway, New York,
Month of February—' :
,
tNet from
(& Subs.)—Earnings—
-
employed
A.
•
Period End. Feb. 28—
Anchor Hocking Class Corp*
be
:
...
Inc.-i-Registers with SEC—
stock scheduled Ibr* Offering; 20,200 shares :are
I. being sold by the company and 17,029 shares by stockholders.
All of
the cemmon
stock is
being offered by selling stockholders.
Offer¬
ing of the stocks will be made to the public, by a group Of investment
bankers headed by Hemphill, Noyes &
Co,, F. S, Moseley & Co. and
H."F.-Boyntcft & Co.. inc. " '
;
■
fToceeda of the 20.200 shares bf preferred stock
being Offered by
the company will be used to make a loan of
$500,000 to a subsidiary,
fl&ofirig, according to
will
preferred
774.
and
&
•Gross
improvements* in the
Calendar Years—
wood
workers
.
.
,
1
hundred
the. indicated .output
jjj j
Atlanta & West Point
.
•
Several
.
mahuTacturer
company.
public iinaneing
ual
acquired plant buildings, equip¬
the Robbins Co., of
hard
of
1559.
p.
possible.
as
par).
/:
1418.
3187.
p.
labor situation, weekly cloth
production has increased >10 % since* Jan. 1, and! the company is hopeful
It will be able to increase output still further.
As for dividend policy, Mr. Pendleton said he expected the distribution of at least 75 % pi earhings would be made this year with the
larger part of the payment in the second half.
"A
The $9,000,000 reserve for war contingencies: will not be heeded
and will probably be added to earned surplus, Mr. Pendleton declared.
—V. 163, p. 1558.
of
Because
Press.
►
.,
,
:
There* have been called for redemption on May 1,
next, out of slnklhg
fund monies, $147,000 of first mortgage 3%
% bonds due Nov. 1, 1963,
.
.
'
p.
163.
The
'
Atlanta & Charlotte Air Line Ry.—Partial
Redemption
for
common
163,
soon
as
food products,
on
March 26 filed a registration statement with
SEC. covering .37.220 shares of 4'^., cumulative
prelerred stocx
$50) and ICO.OOO shares common VEtock (no
of
February, 1946; include $3,profits taxes compared with $10,-
excess
rfeiund senior bonds
Avon Allied Products,
9,360,655
Mich.,; from
Associated
V.
"*.
Dri94,174
■
corporation
stated, "has been sold on a definite contract for a
long time ahead."
Waiter A. Dane, Clerk and General Counsel of Atlas
Plywood Corp.,
has been elected Vice-President and General.
Counsel, and W. O.-Poor,
Treasurer, has been elected to the additional post of Secretary.—
accrued dividends, and convertible into two shares of
each each of preferred, and say $50 face value 30-year
carrying interest at say 3% and $8,50 in cash.'
v
fi. Unfilled, orders on .Dec. 31,,. 1945, of $43,200,000 increased to oVer
$84,000;000 as of Mar!ch'l9, 1946.
"
'
/-■
Mr. Pendleton said that for the 10-year period from Jan. 1,' 1936, to
Dec. 31, 1945, profit* before depreciation and taxes was $157,000,000,
Federal income and excess profits taxes $100,000,000, preferred crlyi\ dend payments* $25,000,000; or $70 a share, an average of $7 a Share
annually.
,'•„*«
Working capital per preferred share amounted at the end of 1935
to $99 and at the end of 1945 it was $157,40 per share.
to
and
manufacturer
the. Newberry plant;
/preferred stockholders," he added,
■debentures
income
'RhinelandeiV Wis.,
one share of new preferred
dividend rate of say $4. entitled in liquidation
a
Federal
month
ment
'
voluntary exchange
in
with
stock
'■
-
cumulative
present: 7%
be offered
"would
cumulative
'
11,724.836
The company announces that it has
and properties at Newberry,
submitted to stockholders tor
Mr.
keeping with present-day conditions, and to eliminate the accumulated
unpaid dividend on the preferred stock,- which now amouhts to $58.50
■
/
..
Dr265,294
4,532,573
Atlas Fly wood Corp.—Expansion—Officials Promoted
noncallable
stock
ferred
-
;
Crl04,584
"
Pendleton said, '-'is to convert the Tic
preferred stock into a callable cumulative prelower dividend rate,• say 4%\ which is more in
rejection,
or
cumulative
'
.
Dr52,325
5,111,016
inc..
with $21,572,000.In the, same period last
year.—V.
rulings were obtained from the Federal Tax Commissioner and empha¬
sized that the plan "is still tentative and subject to revision in whole
or
credits.:
nf
oper.
348,000 in February, 1945, and for the two months ended Feb.
28, 1946,
included $7,111,642 Federal income and excess
profits taxes compared
a tentative plan for
stockholders'
meeting
t
„
Railway tax accruals for the
American Woolen
annual
debits
railway
to
Hp said the pos¬
sibility of such a payment was a major inducement in
winning bundholders' approval of the reorganization
plan, >;
'
: •
"
The court denied ,his motion dor a new
hearing as "without merit."
Period End. Feb. 28— K 1946—Mont ,
.945
1946—2 Mos.—1945
Railway oper. revenues. $31,187,580 $4i'63'9,259 $67,413,369 $86,658,221 ^
Railway oper. .expenses..' 21,429,231 -24,341,176
44,731,460
51,214,277 •
Railway tax accruals.. „ 4,595,003
12,430.094
10 691,779
25,889,115
Power output
«
,
plan
a
*
>
,
'
(includes Gulf,'Colorado & Santa Fe Ry., and Panhandle &
'
Santa Fe Ry.)
■*
«
Co., Inc.—Output
& Electric
Water Works
American
,
•
Topeka & Santa Fe Ry.—Earnings—
for redemption on June 1, 1946, at $110 a
plus accrued dividends to that date of $10 per share.—rV. I63i:
stock
r
-
.
*
income
oper.
$140,700
inqome (net>
4.553
$128.426.
.*
j'.;
;
7,394
$378,149
4,250'
$264.57$
..
6,927
7,274
$271,850
•
Depreciation,
i
■
including cost of new molds.,.-royalties
—-——■ *—
.Selling, general and admin, expenses.————
'
Patent
1,399,294
3,859,387
Net
'
\
3,735,613
-
rwy.
inc
oper.
$069,349
$957,472 :
$1,88^268': $l,944i734
Other
$6,466,401
operations
income .*v—
291,3o3
.*//
'■
t
,
■
$6,757,764
;
Other deductions
Federal
income
Federal
708,624
682,778
3,728,436
344.709
$1,999,936
«hare-L^-^-^^--^-'', r - $2.43
$1,954,896
and
profits taxes-U--
excess
Provision for contingencies
:
;
125,000
■
'
Earned per'(mmmon
!
-
♦After* deducting
in 1945 $38,554
portion.—V. 163, p. 1558.
refundable
1_
and
1944
in
:
•
$66,141
'of
American
<;!te
announced
was
change
the
6n March
of
name
V. 159, p. 442.
J'
h(
*
'
"
s
that
"
have Voted
stockholders
iUichor
Post
Products,-
Railway
to
*
'
rK
^
.
5
,
*
1
Vn^nrtiortf-'^ntc
Anchor Post Products, Inc.—New Name-*Anchor
See
Post Fence
CO.
above.
•
,
-
■
Month of February—
Gross
from
$467,560
381,817
35,576
Net- from rail way
Net ry,
oper.
From
income
'•■■■
Jan., 1-^
from
Gross
railway—— ;
'
'
1
'
railway—22.^
Net-ry. oper. income
—V.
•
1944
$467,141
/;
52,169
■.
939,102
--
"v;:v.'v-
/Fixed
171.883
116,241
amendment
*
March
oil
to- the
26,
Certificate
recommended
of
the
to
/:;/ "; !:» : //;
stockholders
of
instead
of
This
one-fourth
split-up
record to be
for
a
all
be
fixed at
for
each
share
amount
to
be
entitled
vote
date
to
v
»rif'
■"
$1,088,905
$3,876,200
the
other
317,532
95;036
$2,043,968
funded debt
1,325,7Q1
on
-u
-
on
thfe
$6,806,264
$2,788,265
$7,704,615
income
178,374
■
•103,049
'•
1,283,613
•262,144
2,673,747
__!
last year.
'•
{Deficit.
'
at
as
to
one-eighth
present.
by
,'
of
*
one
'
,
one
additional-share of $1 par value
held
and transferring from earhed
the
present
par
be
that
>•
by Randolph
Phillips
of
the
motion
B.
&
1.602,143
share
by
$3,155,091
chase
shares
be
found
misconduct.
that
the charges
fact.'1- 1 * '
/
The
any
*
.
''
,
*; V
;'r
;
Dec*
yiV*
31/
by
.
:
'
•
new
statement
with
cents
share).
33 1/3
(par
common
amendment.
will
purchase
of
now
on
hand
162,
and
p.
Issue
of
record
for
each
is
per
March
10
BEC
30,
shares
for
Com¬
right
held
at
to
a
not
be
not
been
used; for
inventories
purchased through subscription
additional
working
capital
to
and
anticipated.
243.
Bessemer & Lake
\
Lrie RR.—Earnings---
Month of February—
and
•Gross from
'
r-TvTV:''.i i,
T-'i'-iV
of
Inc^Registers with SECr^*
registration
stockholders
comon
Proceeds
$4,000,000.—y.
dismissing
"entirely 'groundless
were
■'
in
to
a
stock
common
shares which have
the
outstanding, ■
• /'/■/: a//.;':7":':;-//:'W*. '-o v■■'i-Ti'A:
Installs New-Machines—
'
The foregoing proposal w:ll be
|
submitted to the stockholders of the'
The
corporation at their annual meeting to be held in
company ' announced
the
installation
op. March .23
of. the
Richmond, Va'on
May 20, 1946.
neWly-developed ticket "selling machines
in
its Camden
Station
in
v
-*
Common stock of Associated
Baltimore, Md.
'
*
x
Dry Goods Corporation is listed on the
/
ilway__—
1946
1945
1944
1943
$492,037
$897.0^7
$830,937
$7'1.541
*262,097
ra
•
j.'.;,-*.:;; vi'//
V' *
increase production to fill
It*,is estimated that |the Produc¬
tion and
sales of Bendix Home Laundries,
when industrial disputes
have been settled and materials and supplies are
available, Will total
50,000 per month, or a total sales volume per month of
approximately
orders
Court
of
filed
warrants.
trial.
new
a
'
being underwritten, but
holders of common of record on March 30, 1948, in addition
to their,
/proi ratA isubscription rlghtsv whl/also be-given ah opportunity to/pur-/:
in line' With another "motion' filedby;
in
which
he/charged officers and
8
mortgage which
March 29 offered 30,000 v shares of common
(par $5) at $30 per share.—V. 163, p. 1152.
pany is offering
subscribe to one
1.527,104
$1,626,699 f$l,853,104
for
was
With
O.
Without foundation bf
value, of 1,
Phillips
March
on
new-
$12,665,000, of which $4,000,000 is held
Company oh March 21 filed
"
filing - of this motion
W' stockholder^ 'of :% counsel
mailing
maintain
23
•/The
Randolph
the
he added.
totals
104,301
The Special Court in. the B.* & O. RR. Cd.'s
Adjustment Plan pro¬
ceedings on March 27 denied -as "without merit" the motion filed on
v,ote
sheet,
2,592,379
Motion for New Trial Denied by Court—
->■?
any refinancing
has yet: been
plan provides for the refinancing
outstanding funded debt through
on
finance
March
for
the
Bendix Home Appliances,
210,101
"
*
of
R.E.C.---y^ 163, p. 1152.
stock
♦Includes Federal income taxes of $42,000 for the
two-month- .period
ended Feb. 28, 1946, and
$4,316,845 in the corresponding two months
an
maturity,"
balance
price to
801,071
fSl,234,924
plan
tentative
a
Bassett Furniture Industries, Inc. — Stock
Offered—
ScotL Horner & Mason, Inc.. and Kirchofer & Arnold,
144,901
,v
?:
funded
763,552
Net
but
one-third
'*
55,768
-
definite
said,
an equivalent principal amount .under
1951
1945,
384,074
than
139,541
Mortgage—
The present' long-term debt of the road/ according to the
;
Inc.
---^-
$180,233
I.
Incorporation
accomplished
later
a
sufficient
shares
shall
of one
will
stock
common
surplus
$1
stock
common
..
No
he
approximately
sale of*
*' 581,941 "''^637.280
"
$3,380,748
debt
increasing the maxi¬
mum authorized common stock from
800,000 shares to 2.000,000 shares", !
each
of the par value of
$1, and providing for a split-up Of the ■
common
stock, so that each holder of common stock Will have two r
shares of such stock for each share now
held, and providing that,each „l
share
$785,764
:
87,260
.
*
216,003
funded- debt__
Conting., int.
■
Associated Dry Goods Corp.—To Split-up Shares—,
;;; The directors
on-
Fxd. int.
833,876
163, p. 1152, :
.*».'..
u
$292,319
.
would
be
secured by
a
pledge of consolidated refunding mortgage
t'/r. bonds.
r»..
.«tf this effort is successful; it is hopea that sitbsequent
steps can'be
effected'which will complete on favorable terms,
the'refinancing of
:
$6,057,053 $15,445,636
3,113,617
7,624,018
^ 307,341
.
157,532
__
deductions
chgs,
iht.
T
232,9S6
»
■'■"■
■
3,912,383
285,016
(net >.
income-
Toial :income
72,169
//
961,999
173,281
83,155
68,626
'
-'■■
rents
Net ry. oper,
Other income
i Miscell.
tiscell.
35,416
56,588
/■/■
' '936,013
776,367 '
1943
$406,021-
113,232
103,741
'
from
Net
1945
$470,961
1946
railway.
of
»
,
Ann Arbor RR,— -Earnings—
.
facil.
■*'■■
$7,816,485
1,524,661
''*>«♦«*"
'
Joint
"""■
"
$2,752,973
feasible.
formulated,
.
oper.'
♦Railway tax accruals—
'
.
term
.
42.032,127 '-44,812,199
22,020,4Q7
91,6.17
$66,811
i.—$100,139
,
^
19,859,995
90,757
.
1946—Month—1945
1948—2 Mos.—1245
$22,612,963 $29,838,892 $48,139,185 $60,257,835
revenues.
Net tev. from ry.
-
<
oper.
5Railway oper..expenses^
$383,076
45,865
stockholders; at their annual- meeting* te be held on April 16,
to authorize a new
mortgage on the company's property
as a
step in a refunding program.
:
No fixed maturity date! will be specified in the 'new
mortgage* prof; posal, according to :tVihgfite fV: Cram, President;u but- stockhoiders; will
be * asked to -permit the directors to issue bonds in
any. amount they
RR.—Earnings-
In&—
:
•
'
/
,
Changed—
the
to
company
■
'
1
the
27
$132,676
45,114
To. Vote Gii New
,
Baltimore & Ohio
$145 253
charges
will be asked
postwar
>
Anchor Post Fence Co.—Name
-
.
for
The
\
v
As. the
^
Period End. Feb. 28—
It
Airline StG^k
..
the
-
available
Net .income
requiring; divesimajority of Avco's American Airlines holdings hist
avco holdings now total 262,538 snares, the
oxfethi«j
•
wpwted^o^lnvplve a^ut^M.WO.aham.—V, 163,' p. 647
of
October.
,
$2.49
shares
ment
■
Profit for year
•.■.:.
i,'
Airlines, Inc., stock.
Tne distribution, it is
expected, will be made by an investment banking
group led jointly
by Emanuel & Co. and Lehman Bros.
The offering is designed by
Aviation Corp. to reduce its
holdings of American stock to 4'y. ahd
implements an order Of, the' Civil Aeronautics Board
4,334,672
221,352
taxes—-—.
income
500
;
44,360
profits taxes
excess
♦Canadian
99,416
_
Fixed
*
The corporation. it is reported contemplates distributing about 214,-
%
$7,486,415
•
♦
——————.
■',:
AViati6il C0r!p,~tfd Distribute American
i
'■
/*;;■/■ Total
!
$7,394,804
y
fiked^charges
NOTE—Figures, for 1945 have; been revised for comparative, purposes
to include results of operation of AB&C
RR. Co.-^-V. 163> p. 1152. ♦
,
Profit .from
Income
-
"'277,499
"'269.669
*280,135
Net. from
Net
r".
vper;
income—
*21,769
14,308
*34,828
1,053,471
from railway"462,573
Net ry^ bpefi- ifleome^— 36,643
1.649,973
1,782,405
1.874,29^
"*'698,535
*507,025
♦94,954
*331,116
/:
From Jan. 1—.
.
*156,910
.,
.
,
New
York
shares
of
Stock
Exchange.
stock
common
corporation.—V.
163,
p.
There
including
1022.
are
presently
those
held
in
outstanding
the
/
treasury
<
•
635 300
The
has projmsed to
company
Arizona
General
Utilities
tive, Inc.,
and
subject to
Co.
adjustments.
In
sell
connection
to
stock
P-
the
with
Associated
of
Atlantic
66._
towns
.
for
of
the SEC
to
to
Graham
Safford and
sell
its
County
entire
sale,
•
it
is
consideration
Utilities
Service
'
v
further
of
Corp.
proposed
$1,; the
owned
•.,*:*■
The! Commercia1 and Financial
Chronicle
Dana Seibert,
80
by
that
;
^
the
!
shares of capital
Arizona—V
163
of
a
three
of
small
cash
-
"
??
machines, electrically
Two are. used
Points
register.
trip
a
the
few
keys.
and
job
100
#
is completed
by
of
seller's
so
tot°l
that
ticket
at
sales
any
time
tli*t
there
have
been
is
readily
made.
available
.
a
report
of
the
!
,
"
The
Co.
in
new
machine
cooperation
has
been
with
the
developed by the National Cash Register
& O. and other,, railroads,, and it; is
B)
-
.
*
163,
pi: 1153.
\
Best &
The
-V.
Co., Inc.—To Vote
stockholders
will
vote
*221,798
*512.505
///////:
on
Stock-Options—
9 on appfovlhg a proposal »0 sell
25.000 shares of its. unissued common stock to six of its
executives at
$24 'a per share, one-fifth purchasable each
year beginning Jan. 31,
1947,
These shares will be allocated as follows;,
Philip LeBoutillier'
,.Fre°ident and General Manager, 15,000
shares; and John W Hanson
April
>
',/■•>
origin and destination, class of ticket, date, serial number,
(including government tax)
and a
symbol indicating
the
number,
are
pfihted on the ticket bv the machine.
Furthermore, the machines make an accounting record of the transac¬
tion
Va,;
'
other
fare
ticket
.
♦Deficit.
ohe-
"i •-
Baltimore
entire
Net
Operated
for
tickets.
between
and
through the.pressing of
operator
the
Arizdna
consists
tickets, and the other for return
size
Each
prints and issues tickets
different stations on the B. & O.
Elect-ic
Thacher, Ariz., for $410,000, ?
,
the
a
the
about
way
I'V-
investment
installation
and
>;--•
Associated Electric Co.—To Sell Arizona
General—
in
The
'■f
of the ""
Gross front railway——
:
and
Wilbur J.
Allen, Vice-Presidents, and Walter
Strickland. Secretary
and Treasurer, Gordon
B.*McCausland, V'ce-President and Assistant
Secretary, and Carl Dietz, Merchandise Assistant to the President
ancE
buyer, 2,000 shares each.—V. 163, p. 188.
■
•
(Continued
on
page .1722)
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y„ REctor 2-9570.
Herbert D. Seibert, Editor and Publisher* i
President; William D. Riggs, Business Manager,
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Mondavi
offices: 135 8. La Salle St.,
Other
Chicago 3, HI. (Telephone; State 0613): 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith,
Copyright 1946 by William B. Dana Company
as second-class matter
Reentered '
February 25, 1942. at the post office at New York. N. Y„ under the Act of March 3, 1879.
Subscriptions :in United States and Possessions, $26.00 per year;/ in
Dominion of '
Canada, $27.50 per year; South and Central
America, Spain, Mexioo and Cuba, $29.50 per year; Great Britain. Continental Europe (except Spain), Asia, Australia
and Africa. $3100 per year '
NOTE; On
acponnt of the-fluctuations in the rates of Exchange, remittances for foreign subscriptions and advertisements must be made in New York funds
."-/ *
"• William
v-
•
Volume163
Number 4477
"THE COMMERCIAL & FINANCIAL CHRONICLE
ADVERTISEMENT
UN I T ED
:f
'ADVERTISEMENT
S T A T E S
A Review o£ tBe Year
S I EE L
,
Steel-were
utilized;
;
-
As
-.
v-r;.
'
•'
expected, U. S. Steel's rate of steel opera¬
tions, which had been at near tuil capacity throughout
•the war
period, fell somewhat after V-E Day and more
Day. . Finished steel shipped during 1945, most
•after V-J
;
©f which was destined for war purposes,* amounted to
-.18.4 million tons—2.6 million tons less, than the ship-
castings reached the total of 161.1 million tons, as-com¬
pared with 99.7 million tons during the five years 1914
1918.
Steel
♦.*;
was
-used- > in
instruments of
war
achieved.
.was
the
manufacture
by which victory
and
of
the
enemies
our
U. S. Steel is proud of the very sub¬
stantial contribution to the
•«of
of- most
over
war
share
*
the
of
//needed.
-c*
steel
requirements
A*
••.
•,
from
Revenue
1945
the
sale
$1,747,338,661,
of
'
„
products and
when
•.
services
in
or
....
sidiaries
,
year.
•
-
*
•
,
'
.
,
•!
Receipts from customers in 1945 fell $2,017,629 short
«of being adequate to cover mounting costs and to pay the
declared 7 per cent cumulative dividend on the preferred
a
.of
In
consequence
'The thirteen subsidiaries of United States Steel
jCoal
of the
absence
sidiaries for the years prior to 1944,
'which
no
S.
The companies for
fabricating and distributing subsidiaries of
Steel.
war
Renegotiation for the
years
prior to
1944
^•grqup-^F^deral Shipbuilding and Dry Dock Company—
a
contracts of this
Iron
**
"
w
•.
N
The management of U. S. Steel believes that rio exces¬
sive profits were * realized during 3:943 under the- war
,
,
of 4.6 per cent.' r
"
.
-inBustry,.
I Cement
^ '7
r"
K
To equip American industry for the
ments, war housing,
and
numerous
for
#
war
own
substantial
participation in this effort, aid^d many others to con¬
vert to. war production.
Its fabricating: subsidiaries built
; shipyards, power plants and lines, airplane; hangars, and
plants~for"the manufacture of aircraft,' tanks, synthetic
t
4-'
a
million
T6^1nake?pb§sible- th(^ prbdiictidri -of these' uriprece-
available
materials.
,
r'
/"
war,
ocean
I
-
:
.
<,
...
was operatr
■
requirements.
;
Studies directed toward further advancement in
physical chemistry of steel making are in progress.
•research program of U, S. Steel embraces further
vestigation " into the beneficiation of lean iron ores
;
-
the
The
in¬
and
the
American
Bridge Company produced tank landing
■ships, cargo.-lighters, aviation repair vessels, and assem-r
blies for .aircraft carriers—types of.ships which
played a
operations
re¬
intensive investigation.
Emphasis upon war* *
technology lessened following the cessation of hostilities
and research turned again to the objectives of peacetime
cleaning of-coking coal. Ariother study of import¬
cqncerns low-alloy, high-strength steels having
/pronounced resistance to corrosion; • and therefore espejcially adapted to /attaining weight red uction in finished
•structures.
Similarly, the wider use of light-weight
formed, steel sections in the construction of residences
ahd other buildings is an
importart item in the urogram,
ance
of
built twenty-twb per cent of all the destroyers and ten
-per - cent-nf 'all the: destroyer-escorts received by the
;Navy^imder theSe programs during the war period.
building time foT destroyers was the.fastest in the in¬
dustry, averaging 209 days as compared with 253 days
war.
practically all of the
under
was the; leading yard
important, destroyer and < destroyer escort pro¬
grams of 'the' Navy..
These were- among the most suc¬
cessfully executed war shipbuilding programs.; Federal
the-
years
^usters," from stitching wire jto .submarine. nets—was
Ships In War and Peace
conspicuous mart in the amnbibjotm
uses.
Research and Technology
for/pro^essing;;yaHous grades of;steel4? Refinements in;;
Mstrumentatiorr and .technical control Wato worked but:;
and adopted.
New or improved- steel for hundreds of
,military products—from light-weight helmets to heavy
armor plate, from bullet cores to shells
antf "block*,
Throughout the " war; Federal Shipbuilding and - Dry
Dock Company continued its role as. one of the leading
shipbuilders of" the nation in; the >desperate race" for
theatres of
peacetime
;
•cialized • products Were developed for- the specified needs ^
of'the Armed Services. New procedures were devised
;
«
materials for
time
from
-
\*
raw
search efforts of U. S. Steel have been deyoted to war¬
uses of steel.
Throughout that period, highly spe-
Isthmian Steamship Com-
shipping.subsidiary,
•
basic
During the past five
.-'l''
-
as
?
•
raw
of xylol,
and IV2 million tons of amWith the needs of war no longer con•suming the bulk of these coal chemicals, the.v again are
'dented' quantities' of iron ' and .steel, "the railroad, ,.the
•Great Lakes steamship and dock, and the river trans'portation; subsidiaries handled a record movement of
'
gallons
jmonlum sulphate.
v
indicative of the fact that they consisted mostly of
complicated types stich as destroyers, large transports,
and special ships-forvthe Navy;""The transports aided
•greatly' in the- rapid movement overseas of the armed
/forces1 and in speeding them1 home for demobilization* y
other war. projects.-*
its
.
^
January 1, 1949, to August 15, 1945, U. S. Steel
•produced more thaii 105 million tons of coke, 270 million
gallons of benzol, about 50 million gallons of toluol, 15
-" - >
78,920/000 Barrels
•is
.
effort re¬
quired vast quantities of steel, cement and other products
in many forms—for
plants,,' airports, highways, canton¬
i'A'JL' S. Steel, while preparing
*x
From
r
•
•cordingly, there will be no carry-back in 1946 of excesS
profits taxes, even if U. S. Steel, does ho better finan¬
cially than to break even.. '
'
"r
Production for >Var
-
,<.{l
'
customers in
•fertilizers.
1
days for all
yards, excluding Federal, during the period-in question.
"From-January 1,1940, until Japan capitulated, Federal
built 283 ships , representing in value approximatly one
■billion dollars.
The high, monetary value' of these ships
In 1944 and 1945 the income of U, S. .Steel was not
•large enough to be subject to excess profits taxes. Ac-
.
Produced
•
"
in
all
vVVirginia; Bridge- Company com¬
pleted the- building of subassemblies" for combat "and
cargo vessels of several types.- v-;vy A;
4
engineering /and metallurgical research.
The con¬
investigation of the properties of various steels
tinued
at
high and low/ temperatures is in. the interest of meet¬
ing the diversified and expanding .needs Tf the nrocessing
industries., A new grade of stainless ste^l, hardenable bv
heat
for-the next fastest building yard- and 385
•
-
Produced
for the
♦charges, were made:by the Union of "swollen" and "ex*<cessive" war profits by U; S. Steel.
The absence of any
•basis for this charge is proved; by the; facts;
Income
j-before^interest for thefive years 1941, to 1945 represents
:an \average aimual i return on the investment
tor; these
/years
•their derivatives are used
extensively by
/manufacturing sulfa drugs, aspirin, nylon, Aviation gaso¬
line, synthetic • rubber, ; plastics, perfumes,. DDT, and I
'
^'ships' and-moTe ships."- -Federal
.
♦contracts of any of the subsidiaries.
'
Im the .recent;Jaboi^
''the?-; steel
*
'
9
«
development in recent times of a vast number of
applications of chemicals recovered in the conver¬
sion of bituminous coal into coke is an
important con¬
tribution to modern civilization. These coal chemicals or
259,354,00O Net Tons
"
■
•
124,518,000
♦Ingots-and Castings- Produced-"-^; 161,106,000
finished Steel;Shippedi-i«ii'i109,783,000
•
then-Irirelatively
Ismail amounts. *i
•new1
-
shipped by U. S. Steel..
subsidiary in these, two years were,
Pricp Adjustment
the only ones Under which the Navy
•Board found any excessive profits and
Coal Chemicals1
mills to seaports.
During the war .period" this subsidiary
/handled about nine per cent of the total tonnage of steel
taxes, of $816,804 and $570,000 for the years 1943 and
^1942, respectively..; Out of the; hundredsOf millions of
/dollars of war business, of U. S. Steel prior to 1945, the
war
zd A
/*'•
^editibtisl^; handled by U S; S
reduction of the reported, income of
fUnited States Steel Corporation and subsidiaries^ after
seven
The
•
;v The large volume-of orders placed by the Government
.with U. S; Steet for the export of steel products was ex-
contracts of the "remaining subsidiary in this
had resulted in
and the end of the year, Federal
ships—two 2200-ton destroyers and five
ships—making a total for the year of thirty;three vessels, comprising eight 2200-ton destroyers, four
/destroyer escorts, seven LSM's, two troop transports,
seven auxiliary combat
ships, and five C-3 cargo ships.( •,
v
Their performance during the recent war has demon¬
ing 45 vessels, 27 .of which it owned.. Of the latter but
10- remain, • Rrhaving been, sunk hy -ehemy; action^^ arid
two requisitioned;,by .the-.Government.
This subsidiary
during .the war: acted as general agent .for, the; .War
•Shipping Administration with respect to approximately
^00' vessels; constituting bne of the largest ocean, fleets
<undeir the American flag.. It acted also as; loading or
•discharging .agent for approximately 2,100 voyages.
;
excessive profits were found include the steel
producing,
U.
<of the
Between V-J. Day
completed
■
profits* under the provisions of the. Renegotiation Act,
previously had been reached by this Board with respect
to thewar - contracts of all except one of these "sub¬
911
•C-3 cargo
Mined168;922,000
'pany, XT. ;S. Steel's
of excessive
10
,-.i
Totals
^. Produced
105,857,000' ' ^ :• '
'Coke Produced?'
.finder;these.contracts;.■ ?'_
-Similar determinations
Ore
rLimestone arid Other Fluxed
Corpo¬
ration, whose war contracts are subject to renegotiation
•tinder the Federal 'Renegotiation Act, were found by
ihe Navy Price Adjustment>Board, Acting for aU govern.•pmental ageiiciesr* to 'have realized no 'excessive profits
Floating Dry Docks
^
•://■; v^;
j
of
by
a
-iron
large .measure such de¬
of. ever increasing
labor and other costs combined with rigid OPA ceiling
prices, which were frozen by the Government at ap/•proximately pre?war^levels,, The* average ;yeariyifin?/
ished steel composite price, as published by "The. Iron
rAge," was 2,423 cents a pound for 1945, 2.536 cents for
1937,2.459cents for 1938, and 2.311 cents for 1939.
ceasing income is the
;
list
huge quantity of raw and processed materials.
The
itotals;;of IT.Bteel's output byiinajof product gt^ps
from January 1,1940, to August 15,1945* are as follows:
continuation of the downward income
.trend evidenced since 1941;
*
A
7
;.y
Barges and Derrick Hulls475
•Cargo Lighters
20;-
industry.
Financial results in 1945, despite the large volume of
•business, showed
Tankers
To meet the demands upon U. S. Steel for steel during
.the defense'and war periods called for the production
//years*;/The deficiency was made? good out of sums pre-.
v
(Landing Ship, Tanks)
;119
(Landing Ship, Medium)
L
42
LCI's (Landing Craft, Infantry)36
ARV's (Aviation Repair Vessels)
4
-Troop Transports (20,000-ton)
11
:AKA's (Auxiliary Combat Ships)
23
.Cargo Ships
33
r
stock and declared dividends totaling $4 a -share-on the
taommon;;$tockr«*the/ same dividends1 as ih other recent
S^oaisly^-set«sidefor.future;needs,
LST's
LSM's
.
$53,015,056 in 1945—a decrease of $2,776,225
'or 4.6 per cent from the income, of $60,791,281 in the
was
I'preceding
'
,
■
52
w'2
-
16.1 per ; cent less than the
revenue of $2,082,186,895 in .'1944. A*,
fIhcbme-of United States Steel^Corporation. imd sub¬
was
Cruisers
strated the value to the nation of tne privately-owned
and long-established
shipyards—such as that of Federal
.type of airplane landing niat steel and 36,000 tons (91.9
Shipbuilding and Dry Dock Company—the experience
.million square feet) of diamond mesh landing mats and
iand trained personnel of which are so vital in time of
•clip's; 31,009 tons of helmet steel; 3.0 million blitsf cans;
national emergency.
Yet the continuance of their exr
♦1,600' miles- of 'seamless pipe' for the. "Big. Inch"' and
istence will be imperiled if their facilities are to be long
-"Little Inch" > oil- lines;: 24,000 units, or ' 27 miles, of #
idle in the * futurel ; Federal
began operations during:
Treadway bridges; 290 Bailey bridge units of 150 feet
.World War I.
It survived the many lean shipbuilding
'each; 2.0 million feet of traction mats; 8,000 pumps; 3.3
.years which followed the end of the lest war only be¬
million barbed
wire- entaglement
posts; 288 'million
cause of the financial
support which it received from.
-pounds'of electric wire and cables; 80,000 tons of springs,
"United States Steel Corporation,';
future of Federal
•representing nabb^bximately
million piebes; and
is closely associated with the formulation of a
long317,000 tons of wire rope and cables, representing ap¬
range national policy with respect1 to the shipbuilding
proximately 1,300 million feet. - ' ' '
'
.
Income and Dividends
V
and
as
'
77
Destroyer Escorts
'
a like quantity of bullet
♦core^^.steel; 773,000/tons;of perforated and welded Tabric
women;,
nation's
.
•
.
•Destroyers
gov-
;of armor-piercing shot steel and
effort of the thousands
comprising Its personnel,; whose
.work and cooperation helped1 to produce U. S. Steel's
men
many
some of the specialized war
products pro¬
U. S.; Steel between January 1, 1940, and
August 15, 1945, in approximate quantities, includes 8.2
milliort toils ;of ship: plate; 1.2 million tphs of armor
;platfe for ship& an# tanks;^'17.2; mjlliohlshell forcings;
million- finished shells; 700,000 tons of bomb
body
tubing; 2.9 million bombs; 9.2 million feet of rocket
jtubing^Ll/mihioh'rock^Abbdiesand motors;16.5 .million
feet of tubing
for motor tubes for bazooka r rockets
(equivalent <to I1.9 tnillion motor tubes); 220,009 tons
For the" period from January 1, " 1940-, to the capitula¬
tion of Japan, U. S. Steel's production of Ingots and
to
Total of Shipbuilding '
The total construction of ships and iloating structures
'by U. S. Steel subsidiaries from January i, li*40, through
V-J Day was as follows:
at record-breaking speed and in unprecedented volume.
/
»
v
Annual Report
war
♦
In the conduct of the war, specialized materials made
duced
•tnents of 1944.
vital
primarily of steel were required for tanks, trucks, planes,
'ships, shells, bombs, rockets, fencing; containers, wire
'-rope,-engines, guns, springs, and for hundreds of thou¬
sands of other items. -Many tons of structural steel and
.special parts were supplied for the vOak Ridge, Ten¬
nessee, atomic bomb plant. - All of these materials were
.'designed for a new kind of war and had to be produced
to peace¬
to be
was
other
-
.'wartime schedules.,
;
to an end, and substantial progress was
equipment
• V,v:-.v
and
,
required, in the production of materials needed for
came
gasoline,
'ernment-contractors to obtain the steel needed to meet
they had- been almost entirely used .since 1949.
In the^ final months of the year special war business
largely
octane
-
warehouses,"strategically located,, enabled
so long
•war, as
:madev in reconverting .plants and
time operations.
v:
C 0 R P 0 R A T I 0 N
U. S. Steel furnished military structures for camps
•in this country and bases abroad.
Huge electrical cranes
Were fabricated) fbr use in armor plants.
U. S. Steel /
Completing the War Task
The facilities* of U.
high
/materials,
Production for victory continued to be the watchword
; ©I United states Steel Corporation for most of the year
•as
ADVERTISEMENT
'
.rubber,
by the, Chairman
'
M945.
'1719
treatment, has been developed.
in such recent devices
as
Materials for
use
gas turbines and W oronulsion
engines, have been and. continue to be subjects of
study
and experimentation. /
■ v
The foregoing examples are iR1'strive of the
many
:Tields- of research in which U. S. S+eel is engaged, .in- K
vestigation of each steel product is coordirated with a
study of the customer's needs in the
of that product,
that the research work may b° olanr°d with a view
the realization of mutual benefit to U. S. Steel and
the customer; • / r
so
to
.
■•-'/• " «•" -n
As part of
Improvement of Facilities
•.
-
V
-
' "J'
a
program to prov;d»
mp^t modern
equipment, methods and proces^s
efficient, taw-cost
manufacture and distribution of rrMw+s of a "har^cter
and Quality^ td\ meet changing r-«5tnme^
reouirem.ppts,
U. S* Steel authorized the
expe^"®/4;,',7,a af aoproximat.elv
$2D0 million during the
year
1945 for improvements and
THE COMMERCIAL & FINANCIAL CHRONICLE
1720
ADVERTISEMENT,
/•:
V;'
•
'
■'
'•■
■
L
.
.
UNITED
December 31, 1945.
■
expenditures authorized cover improvements and
modernization of specified facilities in most of the major
fields of activity of U. S. Steel—raw materials, steel
making, processing, fabricating and distributing.
In line with this modernization program, obsolete or
eliminated, with the result
mareinal facilities are being
capacity of steel ingots and
decreasedN by approximately
from its high point of 32.5 million tons in
Steel's annual
thatU.
S.
castings
already
3 7 million tons
-
has
been
capacity may eventually be located
current capacity of 28.8 million tons
Some of this
1944.
.elsewhere.
The
represents about 31 pet cent of the
nation's steel making
capacity^#?!
Universal Atlas Cement Company,
.acquired
prai
in February, 1945,
fromiWibdshSPortland Cement Company min-
land arid
^ ^
a
cement plant at Osborn,
w
In August,
1?^'
comnanv located
Neilson
rSie ass^s
Ohio.
V irnlLomr
11
Beach, California, for the manufacture
pumps used for non-flowing oil wells.
stantial interest, is
units Of moderate
unitsPof"moderate
of sub-surf
g.
provisions of the contracts,
which U. S. Steel has a sub-
building^ at New^ Albany, Indiana a
SteeI believes that this price increase of $5
COSl.
cost
This
^lant should be
wiU be
soon
v
the war-influenced years, U. b. oteei spent
$457 million of its own funds for improvements of and
additions to properties.
In addition, U. S. Steel constructed plants for the Government at a cost of more
than $470 million, as a part of the wartime expansion
During
~
program.
The
Steel
to compensate for past heavy in-
Shortly after V-J Day, the United Steelworkers of
■America-CIO demanded of eleven subsidiaries of U. S.
Steel ri general wage increase of $2 a day (or 25 cents
an hour), retroactive to August 18, 1945, stating that this
demand was not subject to "dickering or compromise,"
'After several days of discussion, XL S. Steel informed the
'Union on October 23, 1945, that no wage increase was
-possible until OP A permitted increases in the' ceiling
prices for steel products—price relief to which the steel
industry had long been entitled under the Emergency
Price Control Act of 1942 by reason of past heavy increases in costs.
Steel prices had been frozen by the
Government substantially at pre-warlevels.
Labor and
other costs, however, had :advanced materially since
.
Higher labor rates in such a basic industry
most
then beins sold at
a
loss under existing
VU.; S. Steel was then being sold at aaoss unaer existing
ceiling prices. For a number of months before this wage
demand was made by the Umon an application on behalf
of the steel producing industry had
beenjiending before
OPA to secure m accordance with the statute fair and
equitable ceiling prices for steel products,
.
Nevertheless, the Union threatened to call a nationto enforce its wage demand, despite the fact that the Union's existing, contracts with U. S. Steel's subsidiaries contained a specific
wide steel strike in an attempt
1114
as steel al-
fines, were made from, the
Pi»n«imic
^ere were 15,143 pensions in force. The
finally gained
During the waif period more than 5,800 employes yyho
reached^fetiremept age were requested to stay on the
lob until the war task was completed and elected to do
s0,
'
Beneficiaries of 1,788 employes received death benefits
over
i_„
$4,661,000 in 1945 under the Employes' Group Life
Insurance Plan.' At the end of the year 219,249 employes were insured under this plan for $580,301,500.
m
wage
what he could have
fnrtv'hnur
forty-hour
mately $207
a
.
.
increase of
obtained,
strike, through acceptance of U. S.,Steel's
hour
Employment of Veterans
Of the 114 000 emnloves of U S
moreithan
Armed Services,
1
basis of a
week, the average steelworker
jost for the four weeks' duration of the strike approxistraight-tiipeiwages; yhich he could have
Thig loss of wages wiU require
work for 147 weeks, or two years and ten
months, at the
"ZVz cents increased pay resulting from a wage increase
of 18^ cents an hour in order to make up what the
worker lost in wages during these four weeks of idleness.
„
o
c.
,
f
•
^
i ?n^es
suited.
s^ISAuCquire
^ £
Cv Sers }°^Z,
^ey ^
JJJJf^5^^rivailab!le, .Efforts to assign
°
President then
Employe Cooperation
■
nKSuS
The facilities of U. S. Steel cannot be operated suecessfully and efficiently without the loyal and effective
cooperation of the many thousands of employes who
consiaeraoie success.
^
'
T'.--
-t:i
Vv.-'j'
'A'.
^ U. S. Steel's average number of employes during 1945
was un- '
was 279.274, a decrease of 35,614 or 11.3 per cent from
the average employment in 1944. The decrease was oc.u*'•
A'■
-
■
/
•
■'
it
T
P1,
1
,
'
*
U. S. Steel's wartime performance is evidence of its
ability promptly and adequately to conform to changing
conditions in the demand for its products.
U. S. Steel
a long period of peace with confidence
that it can be relied upon to furnish better products
and improved services for a better America. In peacetime U. S. Steel will strive, using every resource at its
looks forward to
command, to serve the mutual interests of the stockholders whose savings have been entrusted directly to it the
employes who depend on U. S. Steel for a living, the customers who look to U. S. Steel as a source of supply, and
the general public which benefits-from better steels and
sound industrial advancement^
*
^
,
,,
.
^
|
-
,*
'
*1
^
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l.
■■/Z:
v t
,
/
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March 5, 1946.
„.
■;
;
'i'i
1-/.
Chairman
•^
j;.
f* K
\J Q
.
.
(\
->*-
-
^
.
*
U. S. Steel In Peacetime
the President, and had never
submitted any evidence to the Board.
testimony or
In view of all of the circumstances, U. S. Steel
able to accept this proposal of the President.
any
.
—
and, on January 17,
1946, proposed a wage increase of 18% cents an hour, re.troactive to January 1, 1946, although U. S. Steel had
never appeared at a hearing before the Steel Fact-Finding Board named by
...
In September, 1945, U. S. Steel commenced its'sponsorship of a nation-wide radio program as; a means of
enhancing its position and giving the public a broader
knowledge of its policies and activities. The program
selected was "The Theatre Guild on the Air," produced
by the nation's leading theatrical producer, The Theatre
Guild. This weekly program brings to millions of listeners an hour's radio presentation of some of the best plays
and musicals in the history of the stage. This program
already has been acclaimed by critics in many parts of
the : country; (and its listening audience has grown
steadily.
,
1944.- The coal strike in October, 1945, resulted in the*
_
New Public Approach
most serious single interruption of operations during
the year. Estimated manhours lost by work stoppages
>
1945 were 6,117,000, contrasted cwith 1,783,000 manhours lost in 1944.
given V^V";
Jobs and Wages
intervened
^
r
,
,
The
-'SS
Ji
j
by the Fact-Finding Board in the General Motors case.
A
.
U,. S. Steel aims to aid returning service men ^and
recognizing the seriousness of such a strike - ^^^e^acnities and constUute an important segment
to the economy of the nation, did everything reasonably
Sieel faiW. It is the continuing policy of
within its power to avoid this threatened work stoppage.
U- s- Steel to do everythmg reasonably within its power
Its officials tried to the best of their ability to convince
to secure and maintain such cooperation. On the other
representatives of the Government that wages could not
no enterprise can long continue to function in the .
be separated from prices, and that, if general industrial
P™3/1? interest under the American competitive system
strife was to be averted, the Government should recoglfx xt 1S denied the opportunity to carry on its business
nize the unfairness, under a regime of governmental
at a profit. The following of a contrary course must
price control, of insisting on wage increases that pre- i
}n
up the sources of employment, and in
vented a business from being operated at a fair and
dep^lvingrntJ?e PtublAlc of g°ods and services which are
equitable profit, i U. S. Steel repeatedly informed the
needed. The plants and resources of U. S. Steel, in
Government of its inability to conclude collective bar- f; which an average of some;279,000 people found employgaining negotiations with the Union for a wage increase
nient m 1945, were provided by the more than 225,000
until increases in'steel ceiling prices were sanctioned5'
ar? a?15
owners of ,
♦
"
tt
c?
^
the facilities, and as such are entitled to a fair and
When finally the Government informed U. S. Steel of
eauitable retllrn on their investment
its willingness to look with favor upon some increases
qT
■■■■ .
..
:
in steel ceiling prices, collective bargaining negotiations
^ b. oteeis material contribution to the war effort^
with the Union were promptly resumed.
These negotia- ; ? a"d ultimate Victory depended to a major extent upon
tions ultimately broke down, after the Union, at the
;be cooperation of the men and women employed during
request of the President of the United States, had postwar period. For the most part a high degree of
poned the scheduled strike for one week.
The Union
cooperation and loyalty was attained, and to the emflatly rejected the offer made by U. S. Steel on January
ployes of U. S. Steel goes high credit for an outstanding
11, 1946, of a wage increase of 15 cents an hour, and % war performance.
insisted that a nation-wide steel strike would have to
•
It is regrettable that a fine over-all performance for
.take place, as then scheduled, unless its revised demand
1945 was marred by numerous strikes and work stopfor a wage increase of 19% cents an hour was met.
The
pages, many of short duration.
These work stoppages
Union had reduced its demand from 25 cents to 19%
occasioned an estimated production loss of 1,868,000 tons
cents an hour, immediately following the recommendaof steel and 2,305,000 tons of coal, as compared with
tion of an identical wage increase of 19% cents an hour
871,000 tons of steel and 339,000 tons of coal so lost in
a
In addition
Decl^^lS^^tellt^^^edabnS
24 M0 oS veteran hf World
proximatelv 1000 wterans
0 31 °f 3^
U. S. Steel,
/■»
Steel who entered the
28,000 have returned to the
comnanies for which thev formerlv worked
had without striking.
1946, as the date for the commencement of the strike.
.I.
public
Pensions, an average monthly pension of $34.87.
Although the Strikers returned to icvork on February
18, 1946, full operations touid not be resumed until
several weeks thereafter On the basis of such reports
as are now available, it. is estimated that the strike
against U. S. Steel resulted in a loss of production of
2.9 million tons of steel ingots.
an
were
average length
anJttese
then to adjust such prices in the light of such experience.
Heretofore, an operating experience of six months has
been prescribed,;
/
<>*•*■''
1 '
a
■'
"
granted in 1945 to 1,750 retiring employes, and 1,366
were terminated by the death of pensioned
employes or for other reasons. At the end of the year
„
steelworker
11,™^
r
pensions
^
The
rrmm
Under the U. S. Steel Pension Plan, pensions
steel ceiling prides ohthe basis of reports of not lessthan
without
ami
tensions and Group insurance
realized, it seems probable that there
be just occasion for further steel price increases,
unless U. S. Steel has the benefit of a marked increase
will
31/2 cents
wages of employes during the
year and were paid to authorized union officers.,
factors have been
no-strike provision. A strike_vote was taken throughout
steel industry, and the Union named January 14,
„
(W
,
immediately flow to ;other industoes, and ere $oon
in higher prices for purchased goods rind serivices. When the consequences of all of the various cost
the
)
teiiibv
'
Under the contract checkoff provisions primarily
reflected
•
was
41.92
tlx
imposed hy the National War Labor Board, deductions
of $2.8 million for union dues, fees, assessments and
•
Steel
37.23
increase of 18% cents an hour to its steelworkers. In"eased compensation must, in all fairness, also be paid
to many planed workers in view of this wage: increase,
The Price Admiriistratbr has been directed to review
•;
.950
1039
<a> Effect ot turnover eliminated. <b> Average hourly and weew,
inadequate
earnings for 1944 and 1945 do not include any amount for adjustment
of any wage inequities" which may be found to exist. \x
production costs.
$-V
and
overtimeHa)
I12I
1945
ton
in productivity, and with it higher efficiency and lower
Strike
.Average weekly
Earnings
,
38.'7
3.9A
—-
1944
a
Average straight*
TimeHouriy
H°H^a) emn«» <excl overtime)
36.7
§51
JSt?
its costs and also to take
creases m
-
snme
Average
weekly
r
care Of what it
estimates will be the total cost resulting from the wage
^xms ^
nnw^mafn^alnin's limited"oooratUms lai^ehi design and
Sdevekmment^WOTk ^n^ leasedArfartefa^it is anticinnt^d S^t
DroducUon
wUl be obtained from
this demnorfrv Xnt
temporary plant.
<
1941."...
were
,
elusive is as folfows:
.
1940
as war-
measures
v
during 1945 was $50.47, without allowing for "wage
inequities" Under the 1944 directive of the National War
Labor Board which is in process of adjustment, Weekly
hours of work for wage earners of all subsidiaries averaged 41.6. After eliminating the effect of employe turnover, the 1945 average pay of wage earners in the steel
producing subsidiaries' manufacturing operations, ex- v.
eluding any provision for such "wage inequities," was
$53.48 for an average work-week of 43.2 hours.,
A comparison of the average weekly hours and earnings and the straight-time hourly earnings of the wage
earners of U. S, Steel's steel producing companies' manufacturing operations during the years 1939 to 1945 in-
ggj*
of which previously
ordered by the National War Labor Board
were
time
some
X
,
casioned primarily by cancellations of shipbuilding and
other war contracts in the latter part of the year and by
acute manpower shortages in certain areas throughout
the year.
The average wfeekly pay of U. S. Steel's wage earners
pos-
sible level of employe performance and efficiency, Other
at Long
v .
ADVERTISEMENT
V-V X: V;X'.-\
"/'XXX
(Annual Report Continued)
further provisions designed to achieve the highest
completed
V
by August, 1946, and will have a rated cap;acriyo
iv
•U' S
■■
despite the opposition of U. S, Steel,
not involved in the wage negotiations.
Gunnison Homes, Inc., in
•
' 1
1
V
The steel strike became effective on January 21, 1946,
and continued for four weeks. A settlement of the strike
was made possible on February 15, 1946, by the Government's action in authorizing an increase of $5 a ton
pr*c®s for carbon and alloy steel.mill
products.. The Government also announced a new governmental wage-price policy for industry in general. •
U. S. Steel granted a wage increase of .18% cents an
hour to its steelworkers. ^ A compromise was reached
on the effective date of this wage increase.
The full'
amount of the increase became effective upon the return
of the men to work. Hourly employes who worked between January 1, 1946, and the time of the termination
of the strike received an increase of 914 cents an hour;;:
.for hours actually worked during this period.
In an endeavor to secure industrial peace for a year,
U, S. Steel's labor contracts with the Union were extended to February 15, 1947, with new provisions that
^e^^toke^j^^pages or lockouts
during the. life of the extended contracts, and with -
The
-•
'■.< J''
STATES STEEL CORPORATION
replacements of properties. A total of $36.9 million was.;
so expended in 1945.
To complete projects authorized
during 1945 and previously, $218.6 million remained to
be spent at
ADVERTISEMENT
"
■
"•vX;..',:'vV;
■■
Monday, April 1, 1946
;
_
Board
nf
:
'
^
'
-i
'A
,■
'
-
^
:
ni
? ?rs
;
.
■: v 'J... ■ • -f -.A
i
\7
•.
•
•; *A --
.''i
:;£J
Volume "163
-
Number 4477
THE COMMERCIAL & FINANCIAL CHRONICLE
ADVERTISEMENT
UNITED STATES STEEI.
Millions of
Disposed
W;
t
of
Products
Sold,..—.
Interest
.
costs
—
local
99
+
+
24
25
——
o
to
state
in
the
Current Assets
J;
.for how long, can be produced and sold at
and prices, but it does know that the
higher
in
+
industries
this
and
a
itself
in
31
■
'
.
United
will
;
1944
in
and $75,000,000
States Govern-
1945
United
from
»
*
60
67r
-.60
.
Total
56';'.
business....
—104
—2
■
employ-
4 per cent on the
i
It is thus. apparent
in the
In 1945 total tax
?
presence
has
As
the
The
-
1946
unusual
shifts
in
amount
enjoy the
living.
Freedom of
or down in com¬
irreplaceable mechanism for
of these
any
cost of the • fac'lities at
and this amount has been
associated
The
amortization.
•
The loss
amount
Federal
has
Income
Federal
tax
Taxes
Income. Audit of
on
returns for
and
1941
subsequent
with
upon
taxing
the
has been
vision
Estimated
authorities.
is believed that reasonable pro¬
taxes which may be levied.
It
made for any additional
Additional
previous four
Arising
Out of
Years
arising
In
1945.
and
of
however, the additional amortization loss of $35,584,069,
1945,
other
costs
war
the amount
in
cluded in
the statement of income.
81,083,380
421/908,749
part,
44,215,710
56,765.012
300,232^623
for absorbing possible losses of this character.
Wages and Salaries. Wages and salaries for
? 064.R48
T.149.183
14.725.877
138,997,575*
736,867,249
and
Due
•
A^iort'zatidn
to
End'rxT j
i
Emergency Period,
nf
otherwise.
Insurance
'
Reserve.
The
subsidiary
-
comoanies
associated
Federal
,
losses.
The
in¬
'
As
holders
f
1945,
35.5»4.0n9
—
Other
Our
2,600,883
3,517,648
Estimated Add'tional Costs
riod
on
State,
b
X
■
>
:
and
Other
Local
C---
cumulative
30.000 000
Addition
Reduction
1
in
■
;
in
Busiy
65.000.000
372.982,140
8.918.320 198
,60,791.281
'■>
368,857,723
58,015,056
'
: ;
United
Period
Hi. In
Steel
Steel
Corporation
aid
Steel
at. the
statement
and
Subs'd'aries
Corporation:
annual meeting
Corporation
consolidated
held
Mav
on
subsidiar'es
as
at
stock¬
of
7.
financial
of
10^5.
we
of
position
December
31,
the
States. Government
^
its
departments
were
not
confirmed
but
we
ourselves
our
thereto,
by other means as to these items.
opinion, the accompanying consolidated statement of financial
and
related
statement
of
income,
together
the
w'th
notes
present fairly the position of United States Steel Corporation
subsidiaries at December 31, 1945. end the results of the year's
operations in conformity with generally accepted accounting principles
applied on a basis consistent in all material respects with that of the
STyorl
•
25,219,677
<
^
„
,i,
25,219,677
•
126,098,385
•
34.813 003
174.0C5.040
7
e•»'j £;£
-
PeriodJ--__v
in
217,394,466
2,021.395.614
H
($4
■■
States
the
CoroornMon
elected
auditing standards applicable in the circumstances and included such
of
the
accounting records and other supporting evidence and
other procedures as we considered necessary. Receivables from
and
34.813.008
Reinvested
■
,
March 4.
PRICE, WATBRHOUSE & CO.
1946
,-*^^^''-V-''
share)
nes3-
<
consolidated statement of income for the year, 1945.
examination
was
made
in
accordance
with
generally accepted
posit'on
40,801,715
1,689.323.605
•
stock
.common
per
:
:
—
26,918.580
Taxes
preferred stock.(87. per
share)
Income
57,174,139
*•; V.?;
36,825,367
Federal
'
and
Steel
United States
auditors
United
States
satisfied
4,979,675
Miscel-
' Income "J—L—w
}J
:
25,000,000
Costs
Income
*
1945•''totaled
year
such
3,500,653
and
Dividends—On
On
(*
laneous Taxes
on
Total
I
Pe.
Lone-Term
Estimated
;
this
Arlsmg Out of War
Interest
«
to
'
the
tests
*
AnpllCftble
of
examined
United
Add'tlonal amortization
States
independent
have
"
$
above.,
United
the Stockholders of
To
35,584,069
.
Years "
-
INDEPENDENT AUDITORS' REPORT
,
\
Provided For in Prior
.: J
■*
most
tM
assets against fire, windstorm, marine and
balance of the insurance reserve is held available
$786,721,^18
Of-this •. apioynt; $778,391,800. ^was, ipeluded ,in cost., of
products arid Services' sold and the balance was cfiarged to constructiQn and other accounts.
."
'
'
'
;
adlustments
tax
for
are,
self-insurers of their
•
less
come
'
and
related
:
plant
equipment
*v
-
Equipment Valuation. The gross values at wh'ch plant
are carried in the consolidated accounts have been
determined from and based upon the findings of the United States
Bureau
of Corporations,
and accepted by the Bureau of Internal
Revenue
of
the
Treasury
Department,
as
at the
initial date of
organization of the Corporation, plus actual cost of additions since,
and less credits for the cost of properties sold, retired or disposed
of
emer-
were
credits are In¬
*-
equipment
.and
v
War Tost*
unemployment and waste.
ernment with:
wage increases,
differs wholly from a
price rise in a free economy where prices and costs are
Plant
v
;
.
a
directive, associated by the Gov¬
3 849 805 592
of
facilit!es_____
of $2,600,883,
charged to this Teserve. These bharges 'arid offsetting
77,,140.359
B02
deferred repair and
representing inventory losses,
maintenance and other expenditures,
1
depre-.;
of
the
$25 million was set aside for estimated additional
war.
Of this $100 million total, $4,640,909 was
used to December 31, 1944. As the balance remaining was cons;dered
adequate, no further amount was set aside for this pumose during
3-V'V';
sales
During each of
War.
years,
nut
Costs
3,400,434,757
:
,
«
has not yet been completed
by the Bureau of Internal Revenue, and certain relatively small items
for the
years. 1935
through 1940 have not yet been finallv agreed
4,106,548,867
and
is
Federal income and excess profits
792,901,582
Exhaustion
adjustment
years
957,232,715
s.nrt
tax
from
*,-**.
offsetting credit are both included
'
Services
Facilities
to 1945.
been provided
672,728,198
gency
Loss on
..
was
deducted
been
of $35,584,069 had
143 550 768
Denlet'on
i'i
year
income
the accrued tax
for 'n nrior years
and so has been charged to the Reserve for Estimated Add't'onal Costs
Arising out of War. In- the statement of income the charge and an
which
$78,104,664.
liability.
113.192!s07
Amortizat'on
.
for the
evcessive
September 30,, 1945, was
added to the reserve for
remaining
$113,688,733.
33 074 986
c;at,ion
>
companies
no
21.995.708
•
.
of
either up
full produc¬
tion of goods with the ever
changing pattern of cus¬
tomers' demands.
The mechanism is especially essential
if great shifts of
production, as from war to peace, are
by
management .that
by
contracts
ISwu.spS
Additional
tion of goods which
gives the most satisfaction for the
labor of
producing it—that is, to earn and
The 1946 steel
price
similar
on
29.975 958
Wear
companies
under
is reflected in the statement of income for the five years 1941
$58
■
^
,
Bought
.v:i
«
;
subsidiary
The
renegotiation
to
778.391.poo
and
,
;♦ *
■
Sold
Costs
realized
were
believed
is
It
The
the
194$.
" 1944
/>
1941-194S
$1,747,338,661 3 2,082,186,895 $9,287,177,921
!.*''
Contracts.
subject
are
825,449,353
not want to do so.
That is the final and suf¬
ficient price control; it is the
oniy method that leaves
men free
fully to produce and exchange that combina¬
to be effected with minimum
was
■
Products
;
;
he does
the
1945,
ACCOUNTS
Payments for pensions,
voluntary and competitive markets customers de¬
cide the relative worth of things and the
prices at which
they may be sold.
No one is compelled to purchase if
continuously and automatically balancing
Services
/
-
374,607,348'■
Wages and. salar'fi^__l
Soc'al Seen"** taxes..
-
In
standard
and
Em"toymen t
,
4
significantly narrow profit
margins inevitably repel investment and employment in
additional production.
General and arbitrary restriction
of profits by government controls
inevitably results in
generally .reducing production and jobs.
\
;
;
move
31,
of
fin*
Products
Costs
*
-
.
-
performed during 1945.
Amortization
of Emergency Facilities. Amortization of emergency
facilities was computed for the first nine months of 1945, as in prior
years, in
accordance with Section .124 (a) of the'.Internal Revenue
•Code, and the Federal'taxes on income were calculated'on th'S basis
for the year 1945. As a result of the proclamation of the Pres'dent of:
the
United
States
on
September 29,
1945,
ending the period for
amortization of emergency facilities,
there was additional amortiza¬
tion for the period January 1, 1941.
to Seotemhev 30
1945 As this
additional amortization, together with the associated Federal income
tax adjustment, applies to the war years as a whole, the effect thereof
Corporation
balance
contracts
1944.
realized
CONSOLIDATED STATEMENT OF INCOME
:
•"
■'
N
Act were notified by
costs
.
:
a
,
s
^
123,420,917
This competition is bound
bring about increased efficiency'ana result in better
quality or more variety, or greater quantity, or all of
these and other gains to the customer.
This competition
fairly polices prices so that the customer gets the most
achievable
The
December
at
.
,
-38,351,643 -1
-
Government
oj
contracts
war
these
million.
to
prices and wages to
petitive markets is
segregated
"
;
.
the Federal
the Navy Price Adjustment Board,
acting for all governmental agencies, that no excessive profits under
$100 million set aside during previous .years
additional costs arising out of war, $38
1945.
$360,281, 100
1,067,720, 520
$1,425,983,991 $1,428,001.620
Renegotiation
estimated
during
•
■
'
Renegotiation
securities which was added to the $100
million previously set aside for
property additions and
improvements.
used
,
whose
Government
kets for the customer's favor.
maximum
Steel
ing at December 31; 1945, was $92.7 million, the lowest
history.
Working capital at December 31. 1945, was after seg¬
regating ^during 'the year $150 million of United States
was
.
$360,281,100
1,065,702,891
$652,743,900
excess
NOTES TO
amount in U. S. Steel's
million
■>
<
.
par
Total
-
Of the
^
/
——.u
amount,
business
retirement of $6.4 million of capital obligations
during
the twelve months, the total
long-term debt outstand¬
for
; f'
1945,
31, 1945, after deducting
current dividend declarations, was
$600.8 million, com¬
pared with $549.4 million at, December 31, 1944.
After
The new
(8,703,252 shares)
of
less
/. cost of treasury stock ;"f
Income
reinvested :.ln
stated
and its subsidiaries at December
scales, practically by government directive
;and accompanied by a revision of price ceilings upward,
does not reverse and may maintain the 1941-1945 trends.
Price control in peacetime is a simple denial to
customers of their right to bring about and to support
production of the goods and services they want. Volun¬
tary and competitive buying and selling Constitute the
only proven way for buyers continuously to let sellers
know what they want and so to bring about a balanced
production and exchange of the most wanted goods and
services. The maximum production of wanted
goods can
only be induced by the price that people voluntarily
will pay—that is the maximum
price.
It is also .the
minimum price that will result in the production of the
(quantity, quality and variety wanted.
Price ana cost changes that significantly widen
profit
margins inevitably attract investment and employment
in additional production to; compete in voluntary mar¬
-j'V'"•
•
.
95,359,091
•.
cumulative,
capital, $75 per
share———
r
29,
•
,
and
Liabilities
Over
(3,602,811 shares)
$100
Capital* in
.
Working Capital and' Debt
wage
•*
September
92,919,209
Stated
«
proclamation of the President of
on
Working capital of United": States
:
major cost relationships have
for his money. *■
f '
•Price and cost changes that
States
•
$1,425,983,991 $1,428,001,620
Common stock
•
1944, and 6, per cent in 1945.
about through governmental controls.
United
of the
•
57,174,139
Reserves
value
78,638,831
v———111,971,482 .<111,556,837
expenses
Assets
of
J
.1,727,836,757
'
f x*-' •;
-
Ownership Evidenced
Preferred stock,
7%
ending the
period for; amortization of emergency facilities,-, there
was
additional amortization for the period
January 1,
1941, to September 30, 1945. The remaining cost of the
facilities at September 30, 1945; was $113,688,733. The
associated Federal; income tax
adj ustment is $78,104,664.
The loss of $35,584,069 applies to the war
years as a
whole and has been
charged in 1945 to the Reserve
for Estimated Additional
Cpsts Arising Out of War, and
so does not affect the
incomp for the year 1945.
'
and for reinvestment in the business also declined, being
about 12 per cent in 1941, 7 per cent in 1942, 6 per cent
come
result
a
'*.v' '■•'/•v.-,-•'
cellaneous
profits tax
excess
96,000,000
913,222,736
25,489,175
11,877,439
additional costs arising
For Insurance, , contingencies and mis-
-
Excess
?
-
.
100,000,000
1,673,768,443
——-.—.i-i.--——*
;■
out of war
provisions, excluding Social Security,
carry-back in 1945 under: the
provisions of the Revenue Act.
S.
in 1943, 5 per cent in
31,894,223
r
■
*
.
Debt
1
For estimated
$16,880 they had raised.
no
.
.
Long-Term
$66.8 million, or $39.0; million less than in 1944.
The provision of $30.0 million in 1945 for
Federal taxes
on Income
was; for normal and surtaxes. U. S. Steel
nothing.
Steel, as in every business, certain costs,
over which the business has no direct control, must be
met so that the business may continue and provide any¬
thing at all for the workers, the Government, the own¬
ers and for reinvestment in the business.
After meet¬
ing the costs of purchases, interest, and wear and ex-?
haustion of facilities, the amounts for workers were
approximately 69 per cent of the balance remaining in
1941, 74 per cent in 1942, 83 per cent in 1943, 85 per
cent in 1944;- 87 per cent in 1945.
While this upward
trend occurred in amounts for workers, the amounts for
Government declined, being about 19 per cent in 1941
and 1942, 11 per cent in 1943, 10 per cent in 1944, arid
7 per cent in 1945. The amounts available for owners
U.
Set.
Securities
Government
at cost
Reserves v.-f
were
ment decreased to less than
In
549,353,183
Deduct
Taxes
of controls and' whence it came.- Between 1941 and 1945
sales increased 8 per cent, amounts for workers increased
31 per cent and costs of purchased; goods and services
increased 16 per cent.,: Taxable .income so decreased
ihat taxes, dropped 60 per.cent, and sums for reinvest*
'
600,760,252
Total Assets Less Current Liabilities^-.——i
All of the
money of the veterans was tied up in the
The record of the John Smith business in
1945—if increased
proportionately—was the record of
U. S. Steel in 1945.
highest peacetime year in
who got • what
337,870,571
property
business.
meet mounting costs and to; pay owners at the 1941 rate
for the use of fools—even though the sales in 1945 were
;
15,008,171
6,195,835
217,000,332
—
,
costs, 47.2 per cent or $8,255; for wear and
tear, 7.1 per cent or $1 £34; for interest, 0.2 per
cent or $35; for various kinds
of taxes, 3,8 per
cent of $668.
That left them at the end of the
year with $580.
Their income as owners of the
business was 3.3 per cent on sales and less than
reinvestment in the business in 1945 and $2 million was
taken from income previously reinvested in order to
,;
149,491,151
15,008,171
14,077,462
additions
250,000,000
For expenditures arising out of war,;—„
58,000,000
Plant and Equipment, less depreciation.,,,,
702,504,137
Operating Parts and Supplies —;
—23,751,863
Costs Applicable to Future Periods——*.
... 11,305,258
Intangibles',,,—
—.i—- ;
1
For
ment
In 1945 sales in-;
creased over; 1941 by $125 million.
The amount for
workers increased by $197 million—$72 million more
than the increase in sales. Products and services bought
to carrjr on operations; moving up inevitably with wages,
increased by $91 million; ' But taxes for Government
decreased by $102 million.
Nothing was available for
.
40,388,532
—
.
The comparison of 1945 with 1941 shows fundamental
f
States
Aside,
necessary in order to.
have the materials with which to do
business, 38.4
per cent or $6,701; for wages und other
'•
.
167,175,414
27,446,932
United
For products, and services
^
changes in the affairs of U. S. Steel.
the history of U. S. Steel.
■■
147,526,167
losses
Here is how the firm used these
receipts:
relatively free from controls. From 1942 through 1945
the controls became comprehensive:
The Government
became the chief customer and, through priorities and
allocations; it directed distribution.
35 per cent greater than the
887,223,754
:V;
-
,
; '
Financial Trends—1941-1945
The year 1941 marked the beginning of basic govern¬
mental interventions, but business operations then were
158,170,097
307,399,945
8T7T760,58 4
-
____—
None
60
;
.i
117,803,916
270,599,494
.«*.
:. • Less
Hv.: ^f.
say he and two other veterans have raised $16,880 and
Current Liabilities
with it they have founded a business.
? r '! Accounts payable
That money rep¬
Accrued taxes
resents the tools of production and
exchange of their
Dividends payable
firm—the capital.
Some of it was borrowed but the
;
:
Long-term debt due within one year
rest was their own venture
Total
money on which no interest: 'i
was paid.
In 1945 the John Smith business sold $17,473
Working Capital
of goods.
Miscellaneous Investments, less estimated
and
...
;.v.
;:
:
ment), less estimated bad debts,--J-,,Inventories
r
206,004,111
197,537,000
approximately
(including
$35,000,000
in
»
peacetime economy,
$215,649,601
at;ir/ih '<■•
—
/
Dec. 31,1944
$231,820,174
—
Government securities,
States
cost —
Receivables
POSITION
Dec. 31, 194 5
—
vfc:.:
FINANCIAL
OF
•
.
Cash
.
countless
STATEMENT
CONSOLIDATED
com¬
much
how
U. S. Steel does not differ in its elements from the
smallest business. Let us consider John Smith.
Let us
•
Reinvested
spurring
know
not
Concluded)
_
-
owners
customers
does
seriously disturb the transition to
—100
t
825
628
——
by
Steel
costs
16
123
,
U..S.
prices will force thousands of adjustments in cost price
670
taxes
Dividends
or
such
8
(Wages,; salaries,
social
se¬
curity taxes and pensions)
Government—Federal,
•
+
indebtedness——-
on
./Workers
Steel,
Change
ratios
services bought—
Wear and exhaustion of facilities
war
...
..
1
1
579
and
Additional
1945
follows:
as
Per Cent
$1,747
$1,622
CpiRPORATldN (Annual Report
continuously ' controlled
petitive efforts.
Year
1941
Services
and 1945
Dollars
Year
and
ADVERTISEMENT
ADVERTISEMENT
U. S. Steel's Summary Account—1941
Products
1721
r
\
$2,017,629
..•
:
-
.
■„'•
$758,596
>
$68,694,29*8
and is distributed solely for the
purpose af furnishing financial and statistical information. It is
not
a
representation, prospectus, communication or circular in connection
with any present or future sale or purchase, offer of sale or purchase
of any stock or other security of United States Steel Corporation, or
any other corporation. Amounts stated in round numbers are aworoxlmate. "U. S. Steel"- refers to the parent corporation, its subsidiaries,
or
The
foregoing
both,
as
has
been
prepared
required by the context.
t
'11.'.:.
'..J
,
'
„
J,
COMMERCIAL &
v
therefor in the accounts for the year 1944
surplus during the year 1945.
Corporation and
General
FINANCtAC CHRONJGLE
Monday, April 1, 1946
^
Buffalo Niagara Electric Corp.-—Initial Distribution—
has been charged to earned
initial quarterly dividend ot 90 cents per share has been de¬
on the
new 3.60%
series preferred stock, payable April 1 to
DEC. 31, 1945
*
'
"
^
"
/,
V
ASSETS—Cash, $390;578; marketable-securities at"cost (quoted mar.-; »liolders'of^ecord MarclV 26.—Vv.163, p. 1153. •////
ket price $77,071), $11,417; U; S. Treasury notes, tax series, at cost,
California Water Service Co.—Earnings—
$266,514; Postwar refund bonds, $341,706; receivables, $496,730; in-,
ventories, $2,356,343; cash surrender value of life insurance, $130,990;
12 Months Ended Feb. 28—
*
s
*
>
1946 '
'
1945
unexpired insurance premiums,
etc.,
$17,103; plant and. equipment
(Operating revenues j™
:—
;
$3,966,504 / $3,678,175
(net.),
$1,183,550; patterns, tools, dies—at i fixed amount, $50,000;
Operating expenses .and taxes
2,468,911 ' 2,673,635,,
•patents, ttrade-marks. Atc.,. $1; ..total, $5,244,932.
f
o ^ -
1
,
Investment News
/>'
r-
An
clared
BALANCE SHEET,
,
•
,
(Continued from page 1718)
.
v
r
.
-
-
B/G Foods, Inc. (& Subs.)—Annual Report'—
•••V r
INCOME STATEMENT? FOE CALENDAR YEARS
'
;
.
1945
"
>ft1ps
«pf
St
1944
$4,450,662
'
$4,309,817
;
•
2,373,974 2,350,564
i%'V,i '/»'■r
and administrative expenses——.—y
Amortizat.on -of-,goodwill——a-———
♦Operating
" C ■«»«•«■
•Interest- - expense
: _s:-L-yC
deductions-
Other
——
JWgJ
.;
•
.
,
'Excess \-profits'-' 'taxy——x—™-..a.-. ■ Net
profit
("Special credit
profit
,
83,132
,
132,000
.
—
ASSETS--
'
.
Cash '
•'17.
S.
Receivables
Prop.,
(Goodwill*
'
,
was
Accounts'
'.Accrued
* "
'
-
•'*.
1.
"
...
•
prise
,
.
i.J.
Total
..
:WV.
-I,'
—_;.-™™™i™
™„™
162, p. 979.
,
.
,
.
.
$1,173,534' $1,213,618
-
"
,
„
Bigelow-Sanford Carpet Co., Inc.—May Report JjOSS
for First Quarter—Officers Elected—
this corporation since the first of the year has not
rate hoped for, James DeCamp Wise_, President, told
the
annual
meeting
on
March 25.
Therefore, he
said, operating results for the first quarter are likely to show a loss
•although the figures will not be completed for some time. ;
•*
j
Mr. Wise said that the company thus far had been unable to
attain a satisfactory level of production due solely to the continuing
shortage of labor at both plants.'
•
"*
Mr. Wise declared that current OPA prices are inadequate, so that
Production
.
.
increased
of
at
the
.^stockholders
at
reed.
This
reed
is highly
1
.1942
,
.with, limited. production... results
though
consumer, demand
•precedented levels.
All of the directors
for
are
the
-bound
company's products now is
•
were
disappointing
be
to
Dales
Net
even
at un.-
/ eral taxes
>*
,
Reelected
„
liam
N.
Freyer,
Elliott
I.
Petersen' and
C.
Gerald
Denebrink
Vice-Presidents;
quist.
Assistant
Robert F.
Controlled,
sistant Treasurer.—V.
Bender,
John
and
163, pv, 1153.
J.
Controller; John
,
.
"'
<
exclusive
directors
on
outstanding
record April 4.
Borax
At
of
board
March
5,
it
was
decided
to
profit for the
'as
rec¬
Month of
.
1
'
•,
'
-
'
1946
1945
$128,651
-
I
registration statement with SEC for
200,000 shares of $1.20 cumulative preferred stock (par $25), with
common
stock purchase warrants attached.
Price to the public will
Ae filed by amendment.
Of net proceeds $423,100 will be applied to
"redemption of first mortgage 5% sinking fund bonds. $1610,650 to
redemption of 5%
sinking fund debenture bonds, and $982,800 to
(redemption of the first preferred stock. Balance will be added to work¬
ing capital. Blair & Co., jjgftc., New York, heads the underwriting group.
—V. 163, p. 1560. §
^
a
cents
11
the
on
of
dividend
same
25
of
20
cents
cents
share
per
the
on
on
the
The
stock
common
date to
declared to the latter
was
date of class A dividend and in the future
dates as the class A stock as and whe^*
from
20 cents
was
;;
-■
y/
'
1345
*
1944
,
1943/
,
$172,209
*11,164
$174,700
$145,900
$173,000
•52,118
*80,579
'•30,969
income...
*115,576
*133,4071:
*90,962
*59.417
297,500
*133,275:
*235,887
3301800
,277,409
*58.471
oper.
ry.
4 '
$
England—Eaiming^*
railway....
railway.
from
Net
;
1346
Month of Februa ry—
Gross
-Net
From Jan. 1—
Grcss
from
Net
from
Net
ry.
361:700*
railway
railway—™..
*67,832
interne.™
*182,874
oper.
•Deficit.—V.
163.
1426.'
p.
•
*154,818
./
'
•
•
*70,465 "
*184,625
!
Canadian Niagara Bower Co., Ltd.—New President— V
John
E.
•elected
man
Tlie
and
following
and General Manager, has beea
Gibson has been named Chair¬
Vice-President
Lawson,
President
Dr.
Norman
of the board of directors,
been
have
R.
,
z
1
,
named
-
directors:
A.
Grier,
Monro
To¬
A. Schoellkopf and Dr, Gibson, both of Le^istoft*
N. Y.; Bethune L. Smith of Toronto, and Mr. Lawson.
c
In
addition to Dr. Gibson and Mr. Lawson, these other officers
were
elected by the directors:
Vice-Presidents— W. Donald Bracken,
Niagara Falls, Out.
and Arthur W. Jackson, Snyder, N. Y,; Secre¬
tary—-Mary louise Bottomley; Treasurer and Assistant SecretaryLeonard G.. Goldsborough, and Assistant Treasurer—Helen McCall, all
ronto; Gnt.i Paul
>
•
43,586
■^,:Niagara.i^ils,,Gnt.«^.:84,:p..;93l*
^//"y
-
reiSfervp,
in
of
for
certain
40,000
shares being re¬
be sold to the
to
warrants
issuance against
Carpenter & Co.—Stock Offered—A syndicate
(L. E.)
_
.headed by Burr & Co., Inc., on March 27 offered 129,242
shares of common stock (par $1) at $10.75 per share. Of
exercise
the
of
the shares offered 50,000 are
it
'
Transfer
stockholders.
GIVING
EFFECT
preferred stock together with
amount
of
bonds
securities
new
new mortgage bonds and
serial notes has been decided
and
will
'
($1
•
City
—
P. 164.
$48,000,
'house,
stock
(b) construction qf a permanent addition to Wharton dyp
estimated to cost $20,000, (c) acquisition and installation of
additional
certain
productive
facilities
the
in
dyeing
and
embossing
departments and the establishment of a "Vinyltex" department at
plant at an estimated cost of $90,000, (d) purchase and
installation of a new solvent recovery process for such plant at apt
Wharton
estimated
of
cost
$80,000
and
(e)
moving
of the
present
solvent re¬
facilities at the Newark plant to Wharton and reconditioning
estimated to cost $20,000.
Balance will be added to the
company?' general funds and as additional working capital may be
covery
such facilities,
Control Acquired by
'•
/
operating expenses, -etc.
\
: / >v;
v *
'
^
-
RESULT OF OPERATIONS FOR CALENDAR YEARS
1945
1944
$9,316,627
$5,607,706
14,923
:
sales™yv™w™/--™
Net
Tne, f rom* teclu- chgs./i
1943
1942
$4,542,493
43,198
$5,989,707
114,915
$5,622,623
$4,586,691
5,130,565 " 4,3285)34
] 78,317
/
//'^
$6,104,623
•
,
>+•
income.™--.'™
Total
sales
Cost of
and
Other deducts,
/Taxes
on
exps.
$9,394,844
8,472,001
(net)
Net
profit™—y™:
;$205,400
paid/-li.™'™ -i " 51,225
Dividends
per
42,233
:
336,591
::
159,282
$129,688
23,419}
,
'5,668,407
$57,140
11,602
309,789
20,000
Res,, for contingencies-
25,783
78,827
018,615
(net)-™
income
/•Net earns,
.
•
Outstanding
206,124 shs.
-
proceeds from the sale of the 50.000 shares of
($450,798) Will be used for
(a) purchase /of .1.56?
shares of Wharton Realty Co. and the liquidation of the
indebtedness of such corporation at a total cost of approximately
•
.
^RESENT FINANCING
Authorized
250,000 shs./|
;
outstanding
serial notes.
The controlling interest in this .company, well known New York men's
1818, was acquired by interests identi¬
fied
with Hayden, Stone & Co., Winthrop H. Brooks, President,
announced on March 21;
Murray McCottnel,, a partner of Hayden,
/.Stone
Co^.,hasbeen elected a director of the^comPknyt
^
Mr. Brooks stated that no immediate change is contemplated in the
character or type of business heretofore conducted by Brooks Brothers.
Murray McConnel, who is also a director of Julius Garfinckel &
Co., Inc., of Washington, D. C., on March 22 stated that Julius .Gar¬
finckel & Co., Inc. has been negotiating for the purchase, of Brooks
Brothers through Hayden, Stone & Co. for many months.—V. 112,
•
par)__..^_.«
PURPOSE—Net
/
.used tor current
Brooks Brothers, N. Y.
"
v
stock
"common
offered
be
TO
'
Common
include issuance of $10,000,000
will
Registrar, Bank
of New York.
agent/Guaranty Trust Co.
.:oD:the:;'Manha^
is preparing a plan to
said,
is
being purchased from the
/company: /and 79,242 shares from, certain stockholders//
„
March 25 filed
on
the
with the payment
paid
Bankers—
$186,589
Bowser, Inc., Fort Wayne, Ind.—Registers with SEC—
dividend
a
dividend
.a
Canadian National Lines In New
/
store which was established in
Company
voted
M
,
■
Excess of cost over
7
declared."
The previous payment on the common stock
OriiJam It).—V. 163, p. 1023./
*
7'
"
J".
V. •' v\" v"/yr;
j| '£\»
>'■ v//..,
J- • ■;
" \
yet.
'
through competitive bidding and
a
special stockholders meeting will be necessary to approve the re¬
funding, including the execution of a new mortgage and an amendment to company's certificate of incorporation to provide for issuance
Of preferred stock.
5
3,260,702
V«r-y.;;':163rI;Pj.|1419^
series,
first
payable May 22 to holders of record April 29.
declared
V
$3,074,113
T
"that
be
.will
The special stockholders' meeting will be held early in May and
of holders of two-thirds of the 754,364 capital shares out¬
standing is necessary to consummate the plan.
Sanction of the New
York P. S. Commission is necessary.—V. 163, p. 1419.
3,214,562
service
.
'%
v(
notes,
dividend of 11 cents in respect of the period April l to May 22J.
payable May 22 to holders of record April 29.
The company
.coincide
v
$3,085,911
■—---w—
of
cost
to
refunding plan,
The
Ry.—Earnings—
February—*
income
Total
,T,
serial
a
both
stated,
approval
Boston Elevated
"Total
reserved
be sold
company it is understood
Exact
ended Sept. 30, 1945; after providing
debenture interest and the usual charges, is £357,238
'
60,000
held
the-exercise
The
of
year
against last year's £396,333.
13,767
24,6JO
..
3unsecured
.
the payment of a final dividend of 3%, making 6 (h
for the
on
the preferred ordinary stock, and a dividend of 7y2% oh
preferred ordinary stock, less income tax, for the year ended
•Sept. 30, 1945.
•
♦
net
have
stock
also
CAPITALIZATION,
the
The
plus
refund its out¬
standing funded debt. This comprises $29,240,000 of 3V2 '/< first mort¬
gage bonds and $11,850,000 of 4% debentures, both maturing in 1963.
(England)—Divs.—Earns.
held
directors
class A
new
Brooklyn Union Gas Co.—Plans to Refund Debt—
ommend
for depreciation,
to
shares
upon
The
year,
'
and
the warrants
; •;
the
The
.
•company
$5,
par
Consolidated, Ltd.
meeting
a
100,000
issuance
dividend Of $t per /share on
a
payable April 19 to holders of
A similar distribution was made on April 19, last
April 19 and Nov. 22, 1944.—V. 162, p. 1276.
and on
year,
March 20 declared
capital stock,
of
for
underwriter
Boeing Airplane Co.—To Pay $1 Dividend—
The
14,957.
,
1945
Co.
Canadian Car & Foundry Co., Ltd.—Dividends—
■
used^for working capital..
served
the
Light
in
Cambridge
ciation reserve of $106,624.—V. 154, p. 426.,
CAPITALIZATION—After givfrig effect
to
this/underwriting the
capitalization of .the corporation 'will be as follows:
.
;
; \ %■
Common stock, authorized 750,000 shares, outstanding 533,625 shares,
Blomand As¬
(
.;/
___„_^3r
\
■'
part payment of the purchase price of its office building.
company
asks that it be authorized to restate the
value of the office building after' acquisition at $223,598 with a depre¬
The
$7.61,638
$523,196
.$174,552
-.
j
.
,
the
O.
Secretary
Kenny,
Gas
due '197-1,
payment of a loan of $25,0CfiSecure& by abactor's lien, and ap¬
proximately $90,000 will be
were
.
•elected
'
Fed-
PURPOSE—Proceeds will be used primarily to buy necessary plant
equipment. Of the balance of the proceeds $25,000 will be allocated to
and Mark Dunnell wa_s elected
Treasurer.
At .the meeting
of.-,the directors; following the stock¬
holders' meeting, James DeCamp Wise was reelected President. $ Wil¬
;
before
1944 v.
9 Mos. '43
—C—$94,775
:—x-.
income
i
'
The company has petitioned the Massachusetts Department of Public
Utilities
fou approval of its taking $550,000 principal amount of
.Worcester
EARNINGS-V-A summary bf earnings of the corporation; (and part¬
nership of Arnold Brilhart Co. for the period Jan. 1, 1942 to Sept.
"30, 1943), shows:
'" ' '"""
•
208,502
$301,072
Cambridge Electric Light Co.—Proposed Sale, Etc.—
/
a
a
.
regarded among musicians and is
produced fcir reed instruments such as: clarinet, alto saxaphone, tenor
fsaxoph'one, alto; clarinet, bass clarinet and baritone.
'
n
<
,>•> >
The
Corporation during the war engaged in the fabrication and
molding of precision parts for electrical devices, electronics, television,
coaxial cable connectors,
tool handles, navigation instruments, detor
nator devices and many highly
secret appliances. Bell Laboratories,
General Electric, and Massachusetts Institute of Technology engaged
the services of the Corporation in several of their ..development jproJ,ects for' the' government. '
v (During; the
period,T942*45 ^he^oorporatloa • showed 'gross sales in«
its industrial
plastics division totalling approximately $1,400,000. As
a
result of the retooling and other changes that were riiade in con¬
nection with these orders and the successful completion of its con¬
tracts, the industrial plastios divis'on of the corporation became one
of the major divisions of the corporation's enterprise.
>
; •
r
As part of its post-war program the corporation has entered into
the production of consumer products. '; This branch of the corpora¬
tion's enterprise is the most recent. The management plans to manu¬
facture
high
quality premium
items for
distribution through the
better, known
retail orgaizations. It is now in production on a line
of higher-priced lamps some of which have already been distributed.
1944
67,^
163, p.
.vS:/
basis of high quality and reliability rather than mass out¬
lower price.
The other principal product in this line'is the
on
"Enduro"
-sinking fund requirement——
15,583 *
" ™™™
15-year 5 % sinking fund /debs," I960™™,™-::™""" 279,217 -- V
•.
7% cumu. prior pid. stock (par $100)———
383,200
Common stock
(par
100,000
135,000
Capital surplus? 59,056
81.44o
/Earned
surplus
——,--*,1
215,306
176,^63
„
-iV.
;
$509,674
-
—'™/»—$337,671'
^
a
put at
146,696
150,901
183,065
income-™-™—:.™-
on
--
I,
510,254
993,121,.
,
'
quality mouthpiece for saxophones arid clarinets/;; The cor¬
poration thus far has engaged in this particular branch, of its enter¬
$139,41$.
•/>
146,141,
for" taxes
,Current
I,
duces
$i;523,07$/$1,019,829/
,
•
'
•
,
; '•■ 'Balance
-
generally dealing in three principal types of plastics:
instrument accessories, precision industrial plastics and con¬
products,
The business was started in 1939 as the individual
enterprise of Arnold Brilhart, a well known reed instrument artist and
radio performer.
The original purpose of Mr. Brilhart was the de¬
velopment of a better mouthpiece for use on musioal instruments and
the distribution of this product among the members of the music pro¬
fession.
'i
«
...
•In the field of musical instrument accessories the corporation pro¬
'
deductions
before
15,289
_
"/Net--'lncome -.™™™-™™_^™
u™.
$529,957: ■
Dividends on preferred
stockv--~--^«—/_.^i>> 192,285/
musical
$1,213,618
-
$.175,166
-
liabilities
•
,1
,
'1945
-
payable
Provision
'
-,'- •
$1,173,534
-
.
368,323
51,985
i'
—-;r;
*
™
—™
,XIABILITIES-^-
-'
'
^
a partnership)
1943 for the purpose of man¬
incorporated in New York/Sept. 27,
■:.• ,/
:■
Registrar,
ufacturing anci
'169,462
,
19,533
313,053
46,514
impvts., /(at costi—™
f
./■
'
,
,
1.377
*
1,387
,
167,952
17,846
■-
I
Total
,
lshld.
&
equipt.
,
'••'<;■••■; /
:
$1,004,539
25,485
/'
.
Deductions
&'
'
30,138
and supplies, at cost
etc,™*-/™™.-™/-™-w/.*—
/
;Bankers Trust Co., New York.
. , '
COMPANY—Company (formerly Arnold Brilhart Co.,
1944
$572,800
30,138
-Atxpost^..-x*rl.,
—A.™-,—.—>
.
Inventories of food
Prepaid." expenses,
Balance
sumer
1945
.$598,644
--
obligations,
-government
speculation.
as a
Agent, Marine Midland Trust Co. of New York.
Transfer
.
'4
-
—™™
offered
are
BALANCE SHEETS DECEMBER 31
.'
stock
common
54,300
—-i-
•/.•! "•
:
;
profit:t™a/-—$1,497,592/
Non-operating Income
(2,847
on March 26 offered 143,925 shares of
(par $1) at $2 per share. These shares
Goodwin, Inc.,
■
$103,950
$96,811
-
™——™f
shares
Ltd,—Stock ' Offered—Bond
Brilhart,
(Arnold)
.
$96,811
$158,250
♦Including deprec ation provisions of $69,975 for 1945 and $76,943
;for 194$;
(Representing tax reductions resulting from carry-over of
,opera,tnig loss and unused excess profits credit? of prior years.,
• • ;
Net
par),
shares, at-cost).T)r$69,8S0,' total, $5,244,932.—V. 163,, p. 1560.
.2.877
125,327-
contracts (net), $192,734; capital stock (299,996
$300,000; earned surplus, $4,028,957; treasury stock
war
i
;' '■r'XZZS
,
taxes,vM,S39.
Income,
no
of
Gross
-
LIABILITIES—Accounts payable, $540,389; accrued liabilities, $252,742; provision for Federal and - Wisconsin income taxes and renego¬
tiation
share--
$114,833
23,419
>
$0,83/ /
,
*Computed on the basis of 156,124 shares of common stock outstandr
ing at Dec. 31, 1945.
/ HISTORY AND: BUSINESS—Company was organized July 2, 1925, in
New Jersey for the purpose of. taking over that part-of the business
.of the Zapon Co. yvhich was represented by the manufacture and sale
of 'light weight coated fabrics commonly known as. Imitation: or arti-;
ficial leather.or leather cloth.
'
Since
that time
the
company has
developed its position in the
business, expanded the uses for coated fabrics and developed new
processes
for the manufacture thereof.
Company is now engaged
.
Briggs & Stratton Corp.- -Listing of Additional Capital
•
Stock—
-
The
Exchange has Authorized the listing-of 299,996
additional shares of capital stock (no
par) upon official notice of
the issuance pursuant to split-up and
change in the presently issued
of
the
of
all
company,
the
class, on the basis of two
•shares for one, making the total applied for
599,992 shares.
'
*.
The stockholders on March 19 adopted a resolution approving a
proposal recommended by the directors to split up and change the
same
company's presently issued shares (no par),
all of the
Net
all of the same class and without changing the
company.
*
-
Other
income
Total
Provis.
•
and
Net
from
1945
operations-
1944
v
for Federal
income
contracts
war
profit
of
'•
—;
renegotiation
$2,866,473,
tax
/
-~V.
The
adjustments,
excess
of
this
"for
1944
$219,313
;
87,643
10,625
,
54,311
.86,134'
'
439,072
440,152
132,665
50'779
166,854
62,512
,
420,486
175,'955
159,308
110,785
,,
93,472
principally in the manufacture and sale of pyroxylin and'resin coated
and
•
5,053,200
594,296
made
♦$960,379
668,583
a
gross
(j$23,273) of the net effect, after
refund over the amount provided
(& Subs.)—Earnings—
California Electric Power Co.
Period End. Dec. 31—
oper.
oper.
Prov.
for
Taxes
impregnated
fabrics
which
are
marketed
under
the/company's
trade name, VLACRTEX."
As a part of its business the
has recently performed a considerable amount of so-called
coating which consists of impregnating and coating fabrics
49.210
and
;
;
162,787
expenses...
54,712 :
depreciationthan Fed.
custom
owned by customers.
$6,614,308
/ 381,310 •// 319,131
1,946,342
1,794,663
$7,188,497
:
•
non-utility
^
<
49,394
>
670,101
622,694
540,608
purchase are as follows:
-///x//. ///;/r--.;;z^rrom"V'
\
Company Stockholders
750,410
Burf :& Co.™/w//™----i--—-—.3,747'
+
Shares
costs
879,384
36,887
47,716
expenses
Net
revenues.™
income (net).iii;
$174,878
$144,890
oper.
-
.1,040
-
,
4,822
$2,705,672
24,090
Stroud & Co.
A.
Gross
income
Total income
for Federal
/ on income
$145,930
deducts.™'
$179,700
575,854
i
cess
profits tax)™-,™
income
—V. 163, p.
1420,
&
Co.™.™™™u--X™™™™™-^
& Co
766,807
555,973
$31,025
• - •
$94,875
$1,379,398
$1,278,873
10,000
10,000
7,500
3,143
6,000
2,500
/
6,857
'
■
34,580
17,874
20,000
12,500
4,000
.
i.™-—
—'4,500
Go.™™.^™-™,------^—3,250
Courts. & / Co.—
2.500
Robert C. Jones :& Co—;™™_™™-™™-™™™- ;1.250
Clayton Securities Corp.—™™—-—--——-— /.; 615
163, p,.,1153.
,;
„
G;
2,500
Cantor & Co
J. C. Bradford &
'
'
Net
Clucas
B.
ex-
'
":
W.
Inc.—™-™-—-—*-™™-—;™™v
M. M. Freeman & Co., Inc.'™_./i.„™™--«->/
728,639
taxes
(incl.
Kidder
E.
$2,563,485
$2,722,059
50,245
(
'47,031
M.
•
5,000
5,000
Dempsey- St
$2,539,395
: 16,38.7
.'
Shares
9,500
Hirsch .&'
:
/
,
653,095
"
54.392
?
'
UNDERWRITERS—The names of the principal underwriters and th$
shares of common stock which each has severally agreed to
number of
(other
income)
Total
$467,727
38,393
117,042
51,133
$513,707
,
company
1945—12'Mos.—19"44
1945—Month—1944
.
revenues™.
'
-
Prov.
^
1943
!
registered
.
company
1944 :>
1419.
163, p.
Other
$910,550
• •
("•
proceedings
47,228
•
3,099.000
—'
/.
,
$6,013,579
and Wisconsin Income taxes
renegotiation of
•Under
$5,966,350
$4,009,550
profit
Dividends
refund
$3,937,266
.72,285
(net
•
$243,207
121,680
$197,164
48,994
■<
v
507)041 / '
railway
Net from railway______
Net ry. oper income...
Other
of
Profit
income—
oper.
Maintenance
DEC/31"
sales, less .returns, allows, and discts.— $17,994,730 $23,643,136
sales————___
12,959.679
16,583,319
Selling and general administrative expenses.—
1,097,785
1,093,467
-
93,359
40,781
From Jan. 1-—
Total
Particulars—
$261,584
;
Gross/from
capital of the
dross
Cost
railway—.
class, cn
same
*
INCOME STATEMENT, YEARS ENDED
.
from
from railway.
Net ry.
the basis of two shares for one, and in connection therewith to amend
the certificate of incorporation by
splitting each issued share into twp
shares,
/ ^r" 1946 ?; $ 1945
Month of "February^
;
Gross
York Stock
New
shares
Burlingrton -Rock Island RR.- -Earnings-
—
.
,
■
3,750
2,500
1,250'
1,385-
Volume 163
•
V'Before
Hollywood, Calif.—Acquisition
Records, Inc.,
Capitol
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
•
the
The corporation has
announced the-purchase of all stock of Scranton
Record Co., Scranton, Pa..- It will be operated as the manufacturing
division of Capitol, handling recording and distribution phases of the
>.
business*
It
Trust Co.,- of New York, has been appointed, co-regisV",;*
trar for 623,3.3d 1/3 shales of common gtcck (par value 25c pej share).
■
.
«oo
1
jr%
4>
0.
AKy.
M
Caterpillar Tractor Co, (& Sub.)—Earnings^-*
EARNINGS FOR MONTH Or
,
proposal
could
submitted
be
to
stockholders
the
to
or
Company
Commerce
a
all
Their
oarer
Comission, organized opposition developed.
number of foreigners, now residents of America. These
acquired Nickel plate snares in recent years at low
intends
to
continue
these
of
divisions
if
and,
business
its
opportunities should develop, it may add other divisions. „
The acquisition • by the
company of the business and assets of Na¬
tional Candy Co.
(N, J.) and of the business and assets of its suo~
sidiary, Clinton Co. (Iowa) was effected by the following steps:
holdings have appreciated substantially in anticipation of
Chesapeake & Ohio for Nickel Plate stock.
Unwilling, to
the unpredictable terms UI this 11U1UUJJ g I U U p, Chesapeake OC Ohio
fAAC U1JJJ1 CU1CUIU1C tCI 1119 of WHO holdup group, OllCbttpctl IVC & KJklXU
by
Clinton
Co.
(Iowa)
transfer on Dec. 26,
corporation of the >
exchange for all of tne
authorized * capital
stock
of
the Delaware
corporation consisting
of
"The
group
of preferred stockholders whose determined objection ..A
30,000 shares (par $1), which stock was received by the Iowa corpora- ;
defeated .the four-road-unification plan is responsible for having thustion for distribution to its stockholders
by way of liquidation. Through,
deprived other Nickel Plate stocknoiders-of the opportunity of ex-rthat reorganization the stockholders of the Iowa corporation became
changing their shares for those of the greater Chesapeake & Ohio ■»
stockholders with corresponding holdings in the Delaware corporation.
system.
The .ultimate-effect of their action on Nickel Plate share- / '/ -National
Candy Co. on Dec/ 28, 1945, also became a Delaware cor¬
holders and on the ability of the roads to serve the
public better,
poration by effecting a statutory merger into National Candy Co.r
meet
u
V
was
vl-'
.
by
individual
ah
Juaranty
Tne
,
led
levels.
v,-:-. \•* .-"'v*..'»* •'<. .'V';»V.
\;\4
this
Interstate
was
1723
reluctantly compelled
the
,
rEbavu^.v*
four
1945,
of
same
withdraw Its proposal fpr unification of
to
name
its
assets
reorganized
was
and
business
incorporated
Nov.
to
the
by
Delaware
a
in
1945,
19,
roads.
,
Sales
„$1,,575,548
——
—
y ;
-67,926
Operations for the month were adversely affected by a strike which
closed the plant from Jan. 29 to Feb. 27, when ful| operations were
resumed.—V. 163, p. 115,3.
•
*
Profit^—,
.
■
,
,
'
.
cannot
be
now
forecast.*
'
.
.
^
*•
,
incorporated Nov. 23, 1945, In Delaware for the purpose,
merger stock of the surviving corporation
(par $8.33J/a) to
ber .of 578,445 shares, being all "of its outstanding capital
.
Cnesapeake & Ohio later submitted a definite proposal for merger
Pere Marquette which, Mr. Young kays, it is
hoped may be carried
to completion in 1946. 11
•
'
•
'
''Since Fere Marquette- is a natural extension of the
Chesapeake &
Ohio ? into " important - coal-consuming ^ territories,
unification
should A
better serve both shippers and stockholders,'' Mr.
Young believes. "They
,
Celanese Corp; of America—-New Official—
..
of
4
J; Burke,
John
"named
Credit Manager of Tubize
Credit
General
Manager
Celanese
of
America, effec¬
Tubize was merged
of
tive
immediately, it was announced on March 27.
with and into Celanese oa Fetu 8, 1946^-i-Y. 163, I).
1429.
"
l
^-
should
.-Av
approved
12
Feb.
on
a
;
if
/Nickel
:.^v
■ v;
-v
proposal
a
j.
hew
board
Steel
Vat the1 annual .meeting
stockholders
The
<'
is
*
:
;
.'*'7
•
the Barium
be
will
-
stock
p.
Morgan
& Co.,
Inc.,
1561.
p.
"
jinking fund
^
_
from
1946.
.
railway——
—V.
163,
1945
.
15J.U7...
.78177.
.
^
.15.4,436;
68,2.29
-
..
oh April
redemption
for
1946
25,
$105
at
and divi-.
Immediate payment will beIhade fatThe; Bandera'W«^ St.; New York, N. Y.—V;" 163,
(lends,
amounting
$1.17
to
*'
1943
-Monthof February^
Gross :from
lnc.^~Farnings^-
railway*™
>>1943
"
$730,813
$641,072
641,072.
175,598
76,983
96,762
147,222
Net ry. oper. income..—'
/
"8,213
■; 57,814
i
From Jan. !■—- f
*'• v--.A>;--; .•
Gross from railway1,310,486
7,341,633
Net from:; railway-,^--,
127,330
118,078
Net ry. operv income—,
4 *75,411
- *63,863
Net
<
1944.
1945
$776,319
' 1946
' $673,549
130,499
fr<?m railway
•i
Mr.
•
Jackson stated
exceeding last
Changed—New Fi-
'^t)«rIes|Qn;^ Wesier«r
,
Gross
Net
railway
from
•
Net ry. oper.
A
income-—^
Chemical
rnr>
212,111
91,034
272,165
St.
,
.
'
,
lnon ;■ Stock-^0.:
shares
of
pursuant
common- stock,"ipat $5).
! A& a result of the iour
reduction In the par value of the common shares
$1.25, there will be no change in the capital or surplus
from
National
Bank
23
announced
.
removal'of
the
Building,A-33. South
Clark
to
Cherry-Hurre^l Corp:^~C9ll9 5%' Pr^|eFFe<J Stock
AU of the'outstanding «hare^of 5% dividend series preferred stock;
have been called for redemption on April 30, 1946, at $105 per share
«
dividends.
Immediate
dends
;
Net
plus accrued divi-'
price,
30, 1946, will be made upon presentation and sufV
render of said preferred stock certificates at The First National Bank
Of Chicago, 33 South Clark Street, Chicago, 111.—V. 163, p, 1279.
to
7945 '
w
options
Inc.,
'
2,430,920
5,042,813
1,201,252
2,492,516
—
April
Net
ry;
—V.
oper.
-
33,101.422
income™
1943
and
Th® JCC on March 13
Ctls.i-^
7,333,559
4,238,190
35,857,891
32.992,664
11,793,279
13,652.673
5,235,484
authorized the qompany to assume obligation;
of
collectively,
split-up
to purchase
in respect of not exceeding $1,750,000 %l/8% serial equipcertificates, to be issued by the Manufacturers Trust Co.,
ment-trust
;
declared
the
■
parties
received.
were
bid,
best
The
99.612 %
of
costs
•
tne: average annuai cost of the proceeds to the applicant will be
'proximately
The
.
i
ditions will be remedied
fable,
Manufacturers Trust
Co., New York,
N. Y.,
has been
Robert R. Young Claims
the
subject to.
are
9,600
%v
shares which
,■
]
the
opposition
stock
Plate
at
group,, Mr.
levels
low
anticipation of
in
offer by
an
fifet
was
of
share
one
of
Young
recent
states,
years,
and
price
has
."
>
•
preferred
stock
would
price
for
the
Nickel
have commanded
of
$124
a
share
Plate
preferred
at
February
14th
this
price of about $152, compared with
a
for
Nickel
recioient
would
have
less
Plate
after
C.&O. offer,Mr. Young states,
preferred
at
that
""The
sented
ratio,
value
a
far
of
price
the
25
Chesaoeake
times
higher,, than
the
the
taxes
than
by
•
&
Ohio
road's
offer
projected
open-market
for
Not only was the Chesapeake
was
; ever
aisu
.u
hope to
w.otbo
o.'*,sr„,.U6
receive.
"
earnings
valuation
wai
778,310
$3,129,920
of
••
Nicael
uie
-
"
'
for
-
"
Plate
f
•
^
v
•
-
1,352,953
499,076
458,6265,980,185
5,744,337
2,263,333
800,614
2,750,401
906,35?
Mfgr Co», • Inc.—Transfer Agent—Registrar—
transfer
Bank
&
agent
and
the
Trust
the
Co.,
Bank
stock,
common
New
par
York,
the
of
$1.
has
N.
Manhattan
See
sharp, v,
been
PURPOSE—Pf
•
of
to
National
the
Candy
company's
Co.
The
general
7%
first
balance
funds.
1
and
of
'
•
the
will
second
preferred
proceeds
of
; 10,000
5,000,
CAPITALIZATION
GIVING
EFFECT
t<i
TO
PRESENT
will
stockholder
Capital stock
:
"Options
may
•
capital
(par $1)—
to
stock
purchase
at
$16.66%
§; BUSINESS—Company
of
Wisconsin Co./——
corn
products,
and is
.
50,400
per
is
one
authorized
share
the
of
1,500,000 shs.:
but
the
w
5,000
Central Republic Co.
2,000
1,500
1,500
2,500
Reynolds
1,500
a.
^
Corp
4,000
iJ
Co.
1,500
&i Co.™,
Smith, Moore & Co.
1,500
Laird, Bissell & Meeds—
2,000
Stifel, Nicolaus & Co.>.inc.
1,500
Reinholdt
2,000
J.
1,000
&
Co
—
Gardner,—
STATEMENT
OF
I. M.
CONSOLIDATED
Co.
and
Gross sales, less discounts, etc
Cost of goods sold*...//——,
Simon
M.
Dain
Gross
Other
Consolidated
*,_i
&
1,500
1,500
Co.,.——
Subsidiaries)
1944
1943
$36,377,905 $33,751I22Q $32,179,849/
28,153,965
26,374,189
29,951,472
1,678,565
1,475,763
1,442,549
1,214,039
1,033,153
930,729
1,533,829
profit
income
Total
—,
& Co.—„—__
INCOME FOR CALENDAR YEARS
Selling and shipping expenses— —
Administrative and general expenses
$3,088,339
$3,432,382
63,318
72,081
90,661
$3,597,147
$3,160,419
$3,523,043
__
income
'
Other
deductions
107,769
25,254
and surtax——*.._w
675,558
716,441
857,964
profits tax (less 10% credit)
Minority Shareholders' interest——
1,575,500
1,267,811
1,151,045
tax
.
Excess
96,291
■
$1,142,029
i-vf 163^^ 14~2~2"
84,202
81,687
88,960
$1,069,226
$1,340,86?
-
:
Climax Molybdenum Co.—Secondary Offering—Blyth
& Co., Inc., effected 3 secondary distribution March 25
of 60,000 shares pf coipmon stpck (no ,par);at $3734 per
share. Dealer's discount 75 cents.—V, 163, p. 1422.
•
Colonial Stores, Inc.—Current Sales
?
-Period End. Feb. 28-r~
Sales—™!
—V. 163, p.
1946—4 Wks —1945
$9,030,182
Higher—
1946—8 Wks.—1945
$7,190,753 $17,994,205 $14,366,387
1025.
Colorado ,& Southern Ry.—Earnings-Month of February— /
from
Gross
Net
from
be
shares
from
of
V
348,710
146,279
"
$1,299,065
512,450
276,761
!
2,366,229
1943
$991,118
386.632
232,878
"
2,549,296
2,041,41?
258,129
;
708,508
951,117
803,594
80,002
322,658
506,101;
490,179
;
(
1154.
1944
,
(
Colorado & Wyoming Ry,«r-Earnings—
from
from
Net
ry.
1944
1943
$27,318
$125,469
$149,201
$150,683
*6.477
36,889
54,495
railway- /
oper.
08,805
16,900
20,644
23,212
*1945
1946
February—;
:
railway—.—.;
*28,580
income.—
'
From Jan. 1—
Gross
from
Net
leading manufacturers of candies.
$1,153,538
1,782,429
railway..
income™
;
1945
114,895
33,628.
railway____
p.
/
$843,301
.
oper.
163,
from
Net
ry.
.
manufacturer
railway
railway
From Jan. 1—
Gross
Net
Outstanding
1946
Net; ry. oper. Income—-.
*730,465 shs.
unissued
are
outstanding.
country's • third largest
G.
Becker &
A.
2,000
—
Bacon, Whipple & Co.™—
1,500
„
FINANCING
"Authorized
;/v"
,
a
The
5,000
Button & Co.—
Gross
the
& Cp.™.^^^
1,500
Month of
'rj
repre¬
1946,
Stht
Pacific Northwest Co.^
Quail & Co.—
from
stocks
*
Shares
20,000
Kebboo, McCormick & Co.,
ry.
Aug.
number
//'Namel;
Securities Corp.—5,000
Higginson
—V.
added
the
and
to purchase are as follows:
1,500
Net
incurred in <1945
15, 1945, of the outstanding
.
underwriters
The Illinois Co.™™—
Net
were ;
the
.
the
of
names
Riter: & .Co.—
163,
4
'
proceeds; ($3,372,500),. company
net
and
the
5,006
apply
the
Louis
None of
<. -
1,500
(held by First National
Mississippi Valley Trust Co.).
These loans
in
connection
with
the, .retirement
as
of
St.
>
(Inc.)
$2,500,000 to the prepayment of its bank loans
in
conditions/
t
Company
offering an V.
—.
"
•
-
capital; stock of the company arebe granted in the future to. executives
2,500
••
^
share
Inc.—
Bank
/
in
than fair, but it
more
Clarostat
per
^
some
163, p. 1154,
per
2,500
2,500
$2,799,46$
1,372,256
Stock Qffered^-Smith, Bar¬
ney & Co. and Newhard, Cook 8n Co., on March 28 of;
fered. 100,000 shares of capital stock (par $1) at $36.50
V*
'•
income-^-
Clinton Industries, Inc.
year
of
--
& Ohio's offer
"
'5,959,215
2,160,133
662,223
railway—~
$50
p. H. Walker & Co
t
market
a
Nickel plate
Jiatlnvj's f-rennTP.c* rgilrooHe," V>^» poj-)f-lnne.S,
4
1.148,946
appointed
date.
acceptance
1
'
4,483,472
from
as
Registrar for
"p. 1561,
-
.
The
maximum claim of Nickel Plate
preferred holders, par and accumulated
interest, amounts to $184 a share, but if that sum were paid in full,
•the
,396.469
The- Continental
-
and-7/lOs
share of C.&O. common for each Nickel Plate preferred share.
On that basis, Mr. Young declares,
the C.&O. securities offered
a
exchange
$2,935,783
1,117,118
similar
or
■
Shares
.
•
their
bought
the
Chesapeake & Ohio.
Nickel Plate and the
convertible
C.&O.
new
608,097
359,856
__
ry. oper,
—Y.
proposals with respect to
other roads ^
of the, group' were developed after restoration of credit
standing oT '
Nickel Plate and Pere Marquette by debt reduction.
The exchange
offered by Chesapeake 6s Ohio for the Nickel Plate preferred stock
Merger
$2,187,929
income-—,
oper.
price of
1943
1944
1945
r
railway.^—
railway—
Net .from railway
„
Leaders .of
in
ry.
Gross
-
States, Robert R. Young, Chairman of Alleghany Corp. announced oh
March 25. The Alleghany Corp. controls the Chesapeake & Ohio group
of railroads, including Nickel Plate, Pere Marquette, fend
"Wheeling and
risen
from
Net
direct result of the holdup tactics of a group of Nickel Plate preferred
Stockholders led by a number of foreigners now residents of the United
Nickel
same
each has agreed
F. S. Moseley &
Shields & Co.—
of profit will become favor-
From Jan,. -1—
by Chesapeake, & 'Ohio Ry. of Its offer to m^rgq- the
York, Chicago & St. Louis RR (Nickel Plate) last' year was the
Lake Erie,
1946
.
from
Net
-
Withdrawal
New
Month of February—
Gross
the
sharea of
Natpa
Normal
Cincinnati New Orleans & Texas Pacific Ry.—Earns,
appointed
"Holdup Taetics" Kept Nickel
Plate Ouibf Mergfer nah1-^
that margins
at
aggregate of 50,400 shares of the present
at the price pf $10.6634 per share.
an
key employees of the company.
Union
the year progresses.^Y.-162, p. 2388.
as
ap*
trustee, registrar and paying agent for the $1,750,090 equipment trust
Issue of 1946. (See offering ip. y. 163, p. 1421 h.
.
-
<
and
York transfer agent and
St. Louis Union Trust Co.;
New
Co.
Lehman Brothers
.the management is hopeful these con¬
says,
and
of the company
Goldman, Sachs & Co
v
»
the company
>However,
1,207?.
the
such stock
Eastman. Dillon & Co
pressing /against OPA ceiling ; prices,: according to A; C. Moore;
President.
par
pnd "c.crned dividends based on a rate of iy#% per annum, was made
toy Halsey, Stuart & Co., Inc., and has been accepted. On this basis
;
usual
Exchange
equivalent (after giving effect, to the.
April,
1945,
end tQ
subsequent merger)
Smith, Barney & Co
Passing of the common dividend reflects unsatisfactory operations of
the company in the first quarter - this year due to strikes and
mounting
,
18
19 took;nd action on the dividend, usually
that time on the common stock, par $25, but declared
lative
.
Stpck
1945
quarterly dividend of 43% cents per share on the 7% cumu¬
preferred stock, par $25, payable March 30 to holders of record
March 23.
Payments of 25 cents each were made on the common
stock on March 31, July 2, Oct. 1 and Dec. 26, last
year.
(as trustees, and sold at 99.6T2 and dividends in connection with the
procurement of certain equipment.
! A:
V§. The report of the Commission states in part:
The certificates were offered for sale through competitive bidding
and invitations to bid were also sent to 122 firms, each bidder being
required to specify 4n multiples or
of 1% per annum the rate of
dividends to be borne by the certficates.
In response thereto 7 bids
representing
about
Louis
were
In
UNDERWRITERS—The
7,819,209
The^directors-on March
and liability
St.
registrar.
163, P.. 1421.
Qhicago Railwfiy Equipment Co^Omits Dividend—
;
a
r
W. E.
31,102,543
5,031,051
3,405,240
is
Q. B. . Wibbing •& Ce.-iXiv;"-4,QO0
36,860,789
7,329,810"
ofv
on
*'■
(National Candy
Chesapeake & Obia Ry.*»«lSquipmenf Trust
'
Co.
-
6.800 shares
Ah cedditiOBAl
Lee
5,304,030
2,295,296
,
stockholders
corporation
a$ent and Mississippi Valley Trust Co. the
options, has fceencaxerciaed.
PATE
1944
-
railway-»l-T„
'
the full redemption
of
1946
ry. qpet. incomeFrom Jan. L—4 /
Groks from railway..™'
Net from railway™,-.,
Net
?.:
payment
from
Februayy-^' '
companies
original
the
successor-
(Delaware), and subsequently Clinton IndustrieSy
Ipc., by virtue-of-the merger agreements, carried forward the obli¬
gations on the options so that the options now apply to-a correspondifag number of shares of unissued capital stock of Clinton Industries,/
of
.
Month of
two
which
merger
National
National Candy
offices
series B, due, 2044. will, be paid on that date.
Interest on
the above .bonds is^ payable April"
annually.
Interest is payable at of¬
fices of the company, New' York, N.
and .Chicago, 111.-
accounts "of
the
the
qq
York
New
4Vlntferestvdue" April"!,' 1946," oh 'general mort^age iy^ ^ incorne bonds,; ^ Newhard, Cook &
BIyth & Co^ Inc._4A,. d.ue„ 2Q19i and. general mortgage 4'/2%, convertible income--
1561.
p.
Trust
the
transfer'
stock
capital stock
Chicago. 3,
Street,
EARNINGS FOR FEBRUARY AND YEAR T0
and
it's
162; p; 2939". "
bonds^
the
in
one
In
the
in
v': 'i
„
TO
options,
3-for-l
and
\March
.
the corporation.-—V.-163,
&
Co.
series
to,
$5
First
on
Chicago Milwaukee St. Paul & Pacific RR.—Interest—
;
the
listed
Louis registrar.
Such
i
X(
for. oiie. split-up of the common stock and
"• -T
company
U1.—V.
'W-; pC;
.Exchange has authorized theAllsttog of 433A44common
stock
(par $1.25»
on
official notice of issuance,
to the four for one split-up of the outstanding shares of
^
is
reserved' for options wliich may
t Checker Cah>ManwfwturMig- Cprpr^istiBg oL Cc^-;
l
Bank
aggregate of
the
156,761.
The
which
by
was
stock
provided
the
of
of conversion
way
A.'-V
PURCHASE CAPITAL STOCK—In order to promote
Candy Co. of the executives and key em¬
company and of Clinton Co.,
the directors on Jan.
30^ 1945, authorized the granting to Ray E- Clizbe, free pf cost, of
an
option-to purchase an aggregate of 10,000 shares of common stock,
of National Candy Co.
(no par) at $50 per share
(or about $3.37
per share above
the average market, price of the stock OA the St.
Loqis Stock Exchange on such day) and on March 5, 1945, authorized
the
granting of options, likewise free of cost, to other executives
and key employees of
the two companies for the purchase of an
.
to
by
as
Co., the stock holdings of National Candy Co.being eliminated in the merger.
'ft
however,
interest in,
ployees of that
283,669
139,220
(Delaware),
and $6 in cash for each share of their stock in
the stockholders of National Candy Co. received one
stock of Clinton Industries, Inc., for each share of
stock
the
year by
,
$1)
(par
corporations
received
Louis
;.1 OPTIONS
.
ncaipq
*20,552
A^4Deficit,-ry. 163, p. 1421.
167,150 ,A-V 141.655
90,963 ; v > 78.149
Co.
agreement to "Clinton Industries,
issued its presently outstanding
corporations
reorganizations
National Candy
Bankers Trust
/.slower^'••■than-':anticipated due to strikes, and most important, due to
governmental-regulations that are ,retarding. productioTr and delaying
our
getting back to our peak volume of the wartime period."
Mr. 'Jackson';also announced that 'the" company /contemplates the
7 opening of the three new retail store units before the end of the year."
$347,147.
$40ft.S58
..irU VftH
5Vfl 1"4
22,444
from railway.^™..
1943.
1944
stock
capital
Inc.,
qapjtal
is the" St.
.
1945
1946 A
Month pf February
Gross from raiiw»y^^;>:,; $290,961-.-; $343,714 r
Net from faliway*^—— ^ - 26^08iiy-;
.99,280 ,
Net ry. oper; income^45,865
^
e """
*"
i
'From Jan.T—/.'A :
in
Candy Co.
the name of
National
is
admitted to unlisted
trading privileges on
the, New' York Curb
Exchange.
Company has agreed to make application to list the capi¬
tal stock on the New York Stock Exchange.
165,084
sales of- the company- for 1946 to date were
587r; and: that profits .had improved.
Net sales
for the yean 1945 ware $47,750,102.' ;
t-With..Eeference. to the-availabjlity of merchandise, Mr. Jackson is
quoted: J'.The .changeover from war to. civilian production .was far.
t
89.8%)
(then
company
Co., and
of capital
The
■
447,312
349,886
152,035
fand thc Iorm ^WI take has pot-as yet ^>een divulged,
125,867
Clinton
merger
Delaware
hV Clinton. Co.,
1,020,525;
lo meet
new .plant
requirements, and for increased working
capital required for expanded operations.—The-extent of the financing'
289,099
,
into
the
constituent
the
business of
and
assets
interest
merger,
i" JV-
of
stock in
81,589"
; '
Inc.,
-1.304,533':
376.720
' 183,125
of
way
,
statutory
a
the
of
the
the
acquired
controlling
by
predecessor
share
1154.
p.
by
company
(Del.).
merger
^Clinton
policy, or management. •
"
v.'
... .. ..
l It is. mportedl that ?additional
financing is contemplated by Aiders,'
49,079
1,490,058
.
,
-merged
changed
Industries,
"
The stockhoWera on March 26 voted to change the corporate name
; of. this, company to Aldens, Inc., effective March 27. 1946 according to,
Robert W. Jacksorr, President.
For many years the Alden name has
been nsed by the 67-year-old Chicago Mail Order Co. to identify its'
quality, line of fashion merchandise and service to 5,000,000 custoraefs.,
> So welt established has this name become; jn the minds qf customers,
that the .change was^made for their convenience a.n4 in-no way affeqta
mm
•;"vvi■;-Jt-*■**■''■AK' 'X "
•
Central Vermont Ry.,
•.
.
share.
per
its
through
1946,
shares
Each
the
226,488
84,0.87
,
•
ChicagQ Mail Order Co.
nancing Cpntemplated-r-r
b«en
share
per
corporation
including
that
of
became
,
$502,168'
1,039,813
.
Jersey
for
share
basis/
In
the
final
merger, the
minority
stock-,
holders' of Clinton Co. received 17 shares of capital stock of Clinton;
198,793;
973,171... .1022,926
294,699
329,018
.15.5,391
138,910.
:
New
shara
1944
$510741
.
.
$468,0884481,995
the
agreement.
«
called
that
.
was
On
>
made-at, the office of J.
Month of February—
:
Stock'
5%'■■} preferred" StdfcJt
4,
was
630,465
Chicago; <S? Illinois Midland Ry»—EarnipgsGross
ohtstahdihi^aiiareVql
Feb.
which
f'li
,
trusteev 23 WalJ. B^., New", York, "N.' Y.—Y. 163,
the
Central New York- Power Corp.—Calls 5% Pfd.
vAir^f' the
,
and
Candy,
(Delaware)
'•••
v■i:':
of
capital stock of Clinton Co.
On
acquire C.&O.'s hold¬
''VV"-')*
-v.'
stockholders' meeting. < Net from railway—,
Basil M. Graham was reelected President; A. D. Eck, Vice-President; / Net
ry. oper; income—;
James E. Jones, Secretary and Treasurer, and William B. Drlnkwater,
.'From Jan. W.,
Assistant Secretary.
The board of directors elected an ExecutiveGrose from failway_
Committee which consists of J. A. Sisto,.,Rudolph Eberstadt, William
Net. from-railway__:„To.
G. Bailey, Jples R. Brouchaud and Basil M. Graham.—-V. 163,-p. 1561. A I?et ryr operc income.L.
following
the
Inc."1
\ '
Partial Redemption—;
///" v.;- //
reorganization- meeting
the
At
•
to
National
There have been called for redemption on May 1, 1946, out of moneys',
the sinking fund, $138,000 of refunding and
improvement mortgage
ZVzVc bonds, series D, due May 1, 1996, at 100 and-interest.
Payment-*
elected are William 0, ;'$ailey, Basil M. .Graham. and Ppuglass
rectors
corporation
economies
currently
stockholders
Through the last mentioned merger the stockholders of
Jersey company became the stockholders of the Delaware
New
in
Steel Cp.
•
fy
///';,
rk Barium representative? elected to the Central board are <?• A. Sisto0
Rudolph- Eberstadt, Jules R. Breuchaud, Robert C. Hardy.
Other di¬
D., Storey.
Plate
from
--/
-
purchased control of Central Iron-&
The "latter-recently
,
representatives of
includes
which
directors
of
Corp.
'
elected
March ;26
on
benefit
seeking authority
ings in Wheeling & Lake Erie common stock.-
-A
Central Iron & Steel Co.—New Directors, etc.—
.
the
exceptional credit
the
the
to
conversion.
of unified operation, and, becauserating of Chesapeake & Ohio, from a reduc¬
tion in the interest charges on-Pere Marquette debt.-"
v
to split up the-'
outstanding 6,500 no par shares on a basis ot ten new shares for each;
Bhare held. This change became effective Feb. 21, 1946.—V. 157, p. 1144.n
stockholders
•The
also
of
•/ Central JFrwWin process COy-rrStock' Split^Up—fy;:
issued
-
has been
Rayon, Corp.,
Corp.
in which
the num¬
stock, was
>
.
"Deficit.—V., 163,
p.
304,026
312,402
94,669
122,292
142.640
11,836
\ 45,648
43,793,
47.122
128,461
_
^
272,606
30,818
railway
railway
oper.. income.
,
1280.
THE COMMERCIAL & FINANCIAL1 CHRONICLE
Columbus Foods Corp.—Consolidation - Approved—*
6ee
Stokeiy-Van
I'.',.
Camp, Inc., below.—V. 162, p. 2815.
;..V'"
■'
,
v-':;^
'
;"K
*'■'
Columbus & Greenville Ry.—Earnings—
Month "01 February—+.
Gross
from
1946
railway.'—
$136,810
railway
oper; income—
22,632
Net
from
Nfct
ry.
^rom Jan. 1—-
—V.
ry.
270,239
35,959
7,877
income
oper.
15,518
$126,876
33,046
«
12,910
.
k
310,814
75,238
38,610
163, p. 1154.
1943
1944
$131,415
36,356
17,428
"
i
Grbss from railway!
Nfet from railway„
Net
7,168
-
1945
$137,299
29,317
258,545
64,814
25,646
257,495
62,875
26,493
'
Commonwealth Edison Co.—Weekly Output-
Electricity'output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities for the week ended March 23,
showed a 4.1% decrease from the corresponding period last year.
Fol¬
lowing are the kilowatt-hour output totals of the past four weeks and
percentage comparisons with last year:
Week
Ended—
Mar. 23
'
—
Mar. 16——*
Mar.
V
1946
163,
——
*
p.
■"'V
1945
"A
1562.
184,731,000 V:
192,545,000 k i
184,931,000 iv
198,637,000
200,685,000
% Dec.
192,976,000/
186,664,000
—*
9——.-,
Mar.' 2
—V,
1
——
189,460,000 ~
...
,
4.1
4.2
\
'6.0
.5.6
\
,
Monday, April 1,194&
Volume 163
■/Gross
A
1945
$240,548
$258,212
46,430
A 28,117
'65,735 .;
' 72,838
;
92,260
;
.
railway———.
"Net from
Net
—V.
137,930
115,561
income—
1424.
152,157
164,055
163, p.
i
Subs.)—Earnings—
Detroit Edison Co. (&
.
124,284
sales of real estate
to employees' retire, fund—
of cost of $1,084,849 to redeem $19,000,000 series F bonds
——
—
Net loss from
Portion
r./x: v?-v/ /y/x
Net income
.
Up
Inc.
of
week
and
ending
aggregate
five
of
date
of
the
at
provided
that
chase
rata
pro
such
10
share
each
per
such
of
warrant
stockholders
warrants
in
unpurchased
any
for
the
88,035
97,020
102,019
stockholder, other than Mr. Moss,
warrants and
accordingly the 25,000 warrants
such
warrant
share
to
INCOME
Mr.
Moss
Feb.
on
15,
1946
*
797,000
Eaton
The
Cost
$6,544,577
sales, less dis. returns, etc.—
stock,
so
of
goods
Expenses
—//.,
for
sold
at
>
f\
'
Ry.—Earnings-^-
Detroit & Mackinac
Net
1946
-
railway/—
from
$81,346
:•
13,531
income—
V
2,929
.Net" ry. oper.
From Jan. 1—
Gross
.
47,077,
25,760
railway>ii,u, ' '
Net from
?■
Net ry. oper. income-/..
)\Y-UA
Gross income —-—
-Interest on notes payable ;i-./._-/—
125
*6,282
Prov.
V
139,268
1943
•It
.
123,726
7,376
26,255
♦3,910
9,901
*1,373
recoverable
from
Net
ry.
'A
$1,003,580
5C8.812
:
277,020
$837,672
income—
155,999
oper.
323,678
v.
Net
Net
income—
1563.
- •
oper.
ry.
—V. .163. p.
dividend
898,351
494,268
351,446
RR.—Earnings—
Net
ry.
1943
$399,642
178,056
$400,193
221,359
$443,400
256,300
61,055
67,365
$367,879
:
income—
oper.
1944
1945
"-54,440
railway
railway-
from
%
1946
from
Gross
730,475 x
railway
from
Net
ry. oper.
810,545
354,069
railway—.»
from
Gross
Net
*749,500
445,993
123,920
106,909
income—
* '
Duluth
803,016
483.572
169,259
Net
Split-Up—
'
&
C.
—V.
588,500
413,200
183,964
68,120
121,254
SEC—
HISTORY AND BUSINESS—Company was
incorporated in New York,
consists
1913. Business was founded by Harry Noonan for the purpose
manufacturing a line of "ethical" pharmaceuticals. In contrast
of
(Super-Seal
velopment in line with expanding medical and pharmaceutical, knowledge.
primary purpose of this financing is to retire
loans and to provide adequate working capital for
additional research and research facilities, new product development,
and
existing
embark
to
on
a
program
for; expansion
of
operations
scale, including a short and long range schedule
Increased research and new. product development.
national
with
PRESENT
on
a
coordinated
CAPITALIZATION OF CORPORATION
Authorized
«
Common
stock -(par
$U—
War, to pur. com. stk. at $4.50 per shr.
Outstanding
*500,000 shs.
75,000 shs.
tl25,000shs.
25,000 shs.
•Of which 75,000 shares are reserved for issuance upon the exercise
of the warrants. tNot Including 175,000 shares presently offered and
50,000 shares issuable upon exercise of stock purchase warrants.
NOTE—As of Dec.
(par $10)
common
stock. Of the common stock there were 2,000 shares un¬
issued, 1,180 shares held in the treasury and 9,320 shares outstanding.
of the preferred stock had been purchased or redeemed by the
corporation. Prior to Jan. 29, 1946, the stockholders were.offered the
right to purchnse all of the 3,180 shares of unissued and treasury
par)
and after the expiration of such rights, all
purchased by Joseph H. Moss, President, who
paid $47,700 therefor ($15 per share) in cash, with the result that
on Jan. 29,
1946, the entire 12,500 shares of ($10 par) common stock
were outstanding. On Jan. 28,
1946, the 2,500 shares of preferred stock
of the
were
common
3,180 shares
retired
amendment
the
1942,
The
These
12,500
and
of
stock
were
eliminated
the
shares
from
certificate
of
($10
of
the
capital
stock.
incorporation
par)
common
Subsequently, by
Feb. 4, 1946,
outstanding were
effective
stock
changed into 125,000 shares of ($1 par) and 375,000 additional shares
($1 par) were authorized, making the authorized common stock 500,-
in
other
of
:•
groceries
related
and
in
1928,
that
New
State.
household
stock
of
them
does
with
stockholders
,
Business
and
it.
facilities
of
the
capacity,
airmail service
airmail service as
long
"flying
range
and
mallear"
in
New
disclosed
were
mallear,"
linked
with
the
plane's
of loading, would make
possible
major American cities, revolution¬
ease
between
Ce.-^*Eamings-
1946—Month—1945
revenues
1946—12 MOS.—1945
$135,030
*
"
75,261
65,730
784,893
125,820
204,516
12,340
8,050
23,177
27,632
proc¬
Net operating revs.—
Non-operating inc.—net
„
$24,250"
Retire,
$180,943T
40,863
$207,029
2,223
$27,332
$33,236
$221,807
$226,688
6,333
6,333
76,000
76,000
175
155
1,504
2,459
$20,823
reserve
Interest
$31,013
Net
$26,748
$144,303
119,125
$148,228
112,507
accruals
charges
income
Dividends
York
—V.
733,419
104,698
202,944
3,081
Balance
increased
Less
declared
19,659
163, p. 1157.
than
9%
of
its business
is
done
with
Federated Department Stores,
tional Common Stock---
Inc.—Listing of Addi¬
The New York Stock Exchange has authorized the
listing of 151,694
additional shares of common stock, (no
par) upon official notice of
issuance in exchange for common stocks of
subsidiaries, making the
total number applied for 1,245,760 shares.
non¬
and
By action of the board of directors taken on Nov.
26, 1945, the
upon which the exchange would thereafter be
authorized were
Company is now authorized to effect
exchanges of the
common: stbeks - ot the several subsidiaries named at
the following
rates:'"
1
terms
changed.
Cooperative
is
of
planning
meats,
large
a
frozen
foods
into
expansion
and household
the
and
related
electrical
i.
progrom.—V.
Ebasco Services
163,
p.
Bloomingdale
—V.
Power
Power
&
&
Light Co.,
Light Co. as
compared
Operating Subsidiaries of—
1946
...
ended
"
-
March
' 1'
14,
;
167,388
55,522
99,568
Electrio; Power & Light Corp.—„/
National Power & Light Co.*
week
.75 of 1 share
and Co.——
1.1
shares
Firth
Sterling Steel Co, below.
Name, Etc,
/
,
Sterling Steel Co. — Split-Up of Shares and
Change of Natne Approved—
the System inputs of client
Inc., which are subsidiaries
Electric .Power & Light Corp. and
American Power & Light Co._
/-
Inc.
Lazarus
shares
Firth Sterling Steel & Carbide Corp.—New
See
Inc.—Weekly Input—
with
the
-
1945
Amount
165,947
*10,652
*1,331
100,899
'
•
vv;operating companies of Ebasco Services Inc., Which,
<■
American Power & Light Co.,
Electric Power &
0.9
•
.
inputs of
are
*1.3
client
subsidiaries of
Light
12
approved a proposal to change-the
from
100,000 shares of $25 par value to
value, ten shares to be issued in exchange
share outstanding. There will remain unissued 500,000
new
par
stock.
They also voted to change the name of the company
Sterling Steel & Carbide Corp.—V. 163, p. 1157. •'
.
System
March
stock
to
Firth
* 16.1
,
the
on
common
shares of the
-Pet.
1,441
:
66,174
stockholders
for each $25 par
:
—Increase
—>A
1946,
The
authorized
11,500,000 shares of $2.50
corresponding
kilowatt-hours)
:
«
Bros.,
R.
2.0
Firth
week during T945 were as follows
,(in .thousands of
*Decrease.
and
.6' of 1 share
*
163, p. 1425.
70.
For the week ended March
21, 1946,
operating companies of Ebasco Services
American
Amount of common stock of
the company to be
exchanged
for 1 share of common stock
of subsidiary
;
.
Wm. Filene's Sons Co.—
Abraham & Straus, Inc.*^
The F.
are. to be used (1) to refund and retire presently
outstanding funded debt and current liabilities
approximating $250,000
and (2) to provide funds
for the purchase of additional
plant, equip¬
ment and inventories as needed
in the carrying out of the
Cooperative's
^postwar expansion
:
.
s
proceeds
the
"flying
by Post Office Department and Air Transport Asso¬
Taxes
appliances, as well as the processing of some items, such as vacuum
packing of coffee, tea packaging, peanut
roasting and the manufac¬
turing of carbonated beverages, as fast as the
necessary equipment
and merchandise become
available for the purpose.
This, in addition
to a contemplated
large expansion of its present business, will neces¬
sitate the opening of two new
warehouses, in Baltimore and Hartford,
as well as
expanding its present warehouse space, and the purchasing
of new refrigerated trucks to
handle the businss.
For
200-mile-an-hour
a
Eastern
distributive fields
National
for
Maintenance
allied
purchased
1943
.
rate
a
*.
26,174,420 ,23,113,767
8,153,624..
8,678,307
2,669,712
3,082,426
'
Operation
appliances.
of
" '
faster
Operating
practically all of them are cooperative societies.
The Cooperative handles about 1,200
ordinary grocery items covering
in the main every class of
goods handled by the ordinary grocery
store, in addition to produce and various household and automobile
The
1,718,525
Fall River G&s Works
.varying from 25 to 49% per annum.
branch warehouse was rented in Philadelphia and, in
a
1,099,061
income—
Period Ended Feb 28
York,
warehousing,
activities,
r
izing
dramatically as the railroad mallear out¬
stripped the pony express. :
' ;
The all-mail Packet, Mr. Boutelle
said, would be a modification of
the Army's "flying
boxcar," which is so large that it carries tanks,
guns, troops and supplies.
The plane is capable of
carrying up to seven
tons of airmail.
Its military counterpart is in
quantity production at
the Fairchild factory in
Hagerstown, Md.—V. 163, p. 1157.
Cooperative Wholesale, Inc., is owned in its
entirety by approximately 170 retail; cooperative societies. The
Coopera¬
tive's stockholders are also its
principal customers, their stockholdings
being roughly in proportion to the amount of business which each of
31, 1945, capitalization consisted or 15,000 shares
of
dealer
28,
Law.
1943, a large warehouse and offices were
City to accommodate the growing business.
divided into 2,500 shares of preferred stock and 12,500 shares
All
($10
In
■;
PURPOSE—The
wholesale
each year since then at
The
certain
of
June
208,108
^
>
"'^'v "'^*0'
23,201,733
4,766,653
great
During the years 1928 to 1936 its business
operations were confined
to the brokerage field, the
corporation acting as purchasing agent for
about
20
retail
stores
and
bakeries.
In
1936, warehousing and
strictly wholesale operations were commenced.
Two warehouses were
rented, one in New York and one in Boston.
Sales have
Super-Seal "D") have since been added to
"Super-Seal" vitamins lies in the structural
and
Avitron
line. The feature of
separation of the oil-soluble from the water-soluble vitamins in one,
single pellet.
Presently the corporation manufactures approximately 200 "Stand¬
ard" and approximately 50 "Specialty" items. It has developed several
special processes particularly adapted to the production of some of
its products,
some
of which are protected by process patents. Its
research department is being enlarged to care for new product de-
Incorporated
Corporations
was
Cooperative
products including among
essing and packaging.
4,
to so-called
■'patent. medicines," ethical pharmaceuticals are pre¬
scription items nnt advertised or sold direct to the public. Although
not always restricted to a purchase on prescription, ethical products
are
primarily therapeutic aids employed by the medical profession
and as such advertised only in medical journals. Ever since inception,
corporation has adhered to an ethical policy in its various activities.
In 1944 company acquired, the rights to "super-seal" vitamins from
Trautman Co. of Columbus, Ohio. This line comprised a multi-vitamin
pellet sold under the registered trade marks of "Super-Seal" and
"Vitalert" and a combination pellet of Ascorbic Acid, Thiamine and
Vitamin A known as "Super-Seal 'C' with A & Bl." Two other products
this
the
'
1944
19,059,909
3,560,761
far
days' notice.
Cooperative
i
Richard/S. Boutelle, Vice-President and General
Manager of Fairchild Aircraft, said that the
designs provided the all-mail Packet with
unique facilities for sorting and
storing mail in flight.
Preferred dividends are payable
semi-annually on Jan. 1 and July 1.
Callable for redemption at
par and div. at. the option of the
Coopera¬
tive on any semi-annual dividend date upon 30
under
1945
'
ciation officials.
Cooperative, with offices at 43 West 142nd St.,. New York
City,
offering 20,000 shares preferred stock series A 4% cumulative
divi¬
non-voting, at par ($25).
The shares are being sold direct to
The
/"f*
*
in Washington, D. C., on March
31 following inspection of the Fairchild
Packet cargo plane
stockholders.
Co.,
Products
Offered—-f
I'i ','
■
163. P. T425.
Designs
.
Inc.—New Vice-President—
dend
The
..'£•*
Fairchild Engine & Airplane
Corp.—Announces "Fly¬
Eastern Cooperative
Wholesale, Inc., N. Y. City—Pre¬
is
*
ing/Mailcar"—
45;478
W.
share 37,500 shares of 5% preferred stock. Balance of
proceeds will be applied to general corporate purposes. Underwriting
group is headed by Van Alstyne* Nb«l /$&> Co^V. 163. P« 463.
Feb.
'
Net ry. oper.
13,922
i
■
1.335,458
i
.
1946
raUway—
55,844
15,974
•
$8,817,268 $11,340,515 $13,269,953
$11,431,800
1,362,964
2,261,152
4,402,974
4,252,737
"
291,940
913,881
1,435,253
1,447,121
-
from railway—-—
49,522
France, formerly Vice-President of
Curtiss-Wright Corp. and
pioneer in air line operations, has been elected
Vice-President in
charge of maintenance and
engineering for Eastern Air Lines, Inc., it
was
announced on March 24
by Capt. Eddie Rickenbacker, President
and General
Manager.
He will take over his new duties
immediately
with headquarters in
Miami, Fla.—V. 163, p. 1281.
Inc.—Stock Offered—Bond &
Goodwin, Inc., on March 28 offered 175,000 shares of
common stock (par $1) at $4.50 per share.
.
Net
123,165
»
811,094
»
income—
oper.
from
?
$204,700-
a
'
■;
•'
•"
Gross
»
496,100
136,791
*317,956
railway—_z
railway--
114,753--
31,051
Eastern Air Lines..
$21.50 per
Drug
from
13,414
514,100
78.353
5,295,314
213,928
5,602,181
1,380,564
555,793
RR.—Earnings-
71,103
'i
271,532
6,146,922
1,870,535
•.
3,075,704
\
x'} ^
From Jan. 1—
$334,600
632,898
1157.
p.
1943
$2,568,000
,..
163.
1944
673,479
Month of February—•
Net ry.
1943
;
$2,782,584
>287,922
railway——^
<"i^
Erie
1,771,061
1944
$275,100
7,310
oper. income.—
163, p. 1156.-,
ferred Stock
:at
'
*1,750,332
1945
operating
$2,972,608
— —
891,027
341,693
165
income./*
oper.
1945
$1,229,393
from
Gross
$260,800
61,603
from
Company on March 22 filed a registration statement with the SEC
108,000 shares of 4% cumulative convertible preferred stock, series
(par $25).
Price to public is $25 per share. Proceeds will be used
to redeem at 106% $1,467,000 5%
15-year debentures, and to redeem
■
339,271
*1,983,836
*2,030,541
%
shown
Ry.—Earnings-^
1946
.
railway
•Deficit.—V.
'*
./•
it
common
for each present
A
;
*917,201
*924,471
368,285
& Eastern
railway—
Net ry. oper, Income—
"
ry.
—V.
for
/
*1,007,644
*1,011,691 -
:
x$26,872
loss
Comptroller, effective March 15 and
by Gregory Oberst, Plant Accountant.—
fitnilwrttf
from railway ^
ry.
Net
'
railway
Net; from railway
Drackett Co.—Registers with
$197,882
From Jan. 1—
Gross
special meeting April 10 on a proposal
and preferred shares on the basis of five new
share held.
There are presently outstanding 42,500 shares of $100 par common
stock, out of an authorized issue of 50,000 shares and 26,000 shares
of 77c $100 par cumulative preferred stock out of an authorized issue
Of 30,000 shares.—V. 163, p. 1564.
split the
349,128
''2,003,112
*2,086,436
1946
from
The stockholders will vote at a
to
shares
<
from
From Jan.
Gross from
1943
Winnipeg & Pacific Ry.—Earnings-
February—
railway.:—
Net from railway———
Net ry. oper. income—
163. P. 1424.
Dominion Glass Co., Ltd.—To Vote on
1944
* 1,042,475
:
318,502
*l.y556,9ll
*1,655;03R
Month of
94.051
Gross
874,167
499.620
133,479
Gross
Net
$219,862
1945-
:
-
the
Fortune has resigned
*s
have been assumed
-Net from
241,348
v
1945
$210,970
•1,009,338
of
xProfit.
due to the
carry-back of
by way of refunds
Elgin Joliet
Range Ry.—Earnings—
1946
railway—$184,784
railway—
*715,463
$436,557
profits credit.
Month of February—.
v
From Jan. 1—
•
February—
•Deficit.—V. 163. P. 1156.
'
Net
& Iron
Net from railway..—
Net ry. oper. income—
Month of February—
2,904
from
from
excess
V, 163, p, 1157.
$14,223
1,190
<cash»_
Net ry. oper. income—z
From Jan, 1—
Gross from railway—
514,447
.
Detroit & Toledo Shore Line
:
$8,387
110,361
tProceeds from life insurance of officer.—V.
163,p,T281
Month of
Gross
990,677
>
*$10,621
541
*
579.036
300.658
1946
*$478,783
approximately
sales,for the .period,. less
G. V.
—
.
thai
Resignation—
5,000
v
----.r-
(stock)—
Duluth Missabe
$991,611
1,809,428
932,809
510,021
X
Not.
Net
1943
1,810,065
1,911,712
721,651
railway—
$19,223
—-—
dividends
•Loss.
$840,560
396,898
219,887
1,777,431
railway
from
from
<>--.«•——■->-
Preferred dividends
Net
From Jan. 1—
Gross
Cr3,800
American-Earnings—
discounts,, return,. and allowances,
$492,060; cost of goods sold was
$550,364; selling, general
and administrative
expenses was $418,993; and
depreciation was $12,719, leaving as a balance a loss of
$490,017. Other income was
$38,404,
and Income deductions
amounted to $27,170.-
85
3,000
estimated
Gross
1,552
••
Is
his duties
Common
railwayrailway*
from
Gross
Net
•$12,547
1.873
»
tax refundable
Net Income
.
12
.X/X:
Industries, Inc., below.—V. 159, p. 6.
amounted to
$17,&71
$11,473
242
.
losses and unused
97,929
$11,461
income tax
inc.
Common
Detroit Toledo & Ironton RR.—Earnings—
>1946;.'-^"-3945
.>1944.%/;
Month cf February-
:
for Fed.
152,231
*DeflcU.~V. 163. P. 1156.
•
for Federal
Credit
145,379
12,178
184,944
railway.—
from
:v
5,423
*1,957
$73,054
10,014
$67,216
Brooklyn, N. Y.—Proposed Consoli-
.
142,856
XX
—
1943
/1944
1945
$68,173
Eisemann Corp.,
3 Months Ended Feb. 28—
Net loss
$239,327
*$12,789;
.
of
Exchange.—
Elastic Stop Nut Corp. of
.
——
"*
Manufacturing Co.—Rights to Stockholders—
See Jack & Helntz Precision
.
194,515
Operating profit
/Miscfellaneaus income
*4.9
to
dation—
10
$306,330
152,012
—/—
*4,999
V. 163. P. 1564.
pur-
$378,109
196,383
sold-
1,7
*13,647/*15:5
statement on 178,364 common shares to be
of¬
stockholders at $54 per share at the rate
of one share for
each, four shares
held, became effective at 5 p.m. on March 26. 1946.
The
record date for
the determination
of stockholders entitled to
rights is the close of business on March
26, 1946.
Rights are being
traded on a when issued basis
on
the New York Stock
14,
any
of
.1944
■
Pet.
2,812
<
registration
fered
STATEMENT YEARS ENDED DEC. 31
1945
Gross
'
vv
Feb.
'
:*
:
: Amount
r
Vi: NOTE—The above figures do not include the
system Xinputs
•any companies not appearing in botn
periods.—V. 163, p. 1564. *
said
to
were
.
1945
pur¬
to
prior
subscribed
—Increases—
:
/'.v 74,388
Corp.
1725
compared with the corresponding
(thousands of kilowatt-hours):
as
follow
*Decrease.
of
common
desire
Co.,
as
National Power & Light
Company
1
.
of
their
Light
were
of
portion
corporation
1946.>No
per
share
one
indicated
writing to
&
1945
168,329
at
—•V. 163, p. 1156.-
; '■ Month of February— Gross from railway—
during
Operating subsidiaries of—•
<
; ./; 1946 V
American Power & Light
Company / 169,141
Electric Power & Light
of
shares
from
years
75,000
Power
pi/>■;:X i.'*; V
to
..
——————/„/—■■, $7,973,350
the
to
their
800,000
</X'v. v
—
the. exercise
upon
National
50,000 of the warrants (on the basis of one
share
for
each
3»/2 shares of common stock sold to or
the underwriter) are being sold to the
underwriter, Bond &
warrants
449,082
,
800,000
Additional approp.
•
chase
$14,381,811 $12,596,527
4,802,868
4,687,177
income.—,————
funded and unfunded debt——
Interest on
67,028,333
3,525,000
1,548,000
,■
Gross corporate
;
outstanding and
all - of
?
income
issuance
and
Joseph
$13,762,314 $12,313,616
v
282,911
619,497
from utility operations——.
Balance, income
Other
issued
are
one
cent
per
warrant
share.
At
the
request of
H. Moss, President, the other
25,000 warrants were offered to
the common stockholders
pro rata on , Feb. 6, 1946, at 10 • per
warrant share in proportion to the
number of shares held by each such
stockholder of record on Jan.
30, 1946: Mr. Moss agreed to purchase
at the same price within
five days after the
expiration of the sub¬
scription rights of the common stockholders all
of the warrants which
were not subscribed
for by the common stockholders at
such expiration
date and to permit
any
common
stockholders who desired
1945 ^
$84,414,950
1946
Feb. 28-—
-
•
stock.
Goodwin
earnings from utility operations—
$84,545,262
'Oper. and maint/chgs., current approps* tq re:l
tirement (deprec.) res., prov. for accelerated
deprec. and for postwar adjusts., & accruals
*
for all taxes other than income taxes
67,241,948
Normal tax and surtax———
—„3,541,000
-Excess profits tax—
———
..
.
for
registration statement
registration statement, an
the
through
/Gross
reserved
are
the
common
»
12 Months Ending
.
of
warrant
k
i
218.452
161,987
oper.
ry.
559.067
192,500
r 559,154
120,749
510,495
624,368
from" railway—_
Gross
shares
iSTOCK PURCHASE'1 WARRANTS-^By
appropriate, corporate action,
/the corporation has authorized the issue of stock
purchase warrants
>for common stock,
entitling the holders thereof to purchase at $4.50
per share during the period
beginning 180 days after the effective date
86,857
'49,911
;
shares
125,000
:
•warrants/.
$262,912;
;
:
•
railway'-.-—
Net ry. oper. income—
From Jan. 1—
shares, of which
75,000
1943
'1944
1946
$293,306
..
railway—
from
JMet from
000
Ry^-Eamings—
Salt Lake
Denver &
Month of February—
;
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4477
Corp.,
and
>
Flintkote Co.—Listing of
$4 Preferred Stock—
and
The
New
additional
York Stock Exchange
shares
of
common
Additional Coirimon {Stock
^
^
,
has authorized the listing of 8,128
stock
(no
par),
Issuance, in connection with the acquisition of
on
an
official
notice
of
adhesive plant and
1
1726
THE COMMERCIAL & FINANCIAL CHRONICLE
business In Philadelphia, making the total amount
.shares.
••,.
applied for 1,060,539
Exchange also approved the listing of 25,000 additional shares
.of the company's $4 cumulative preferred stock, (no. par), on* official
notice of issuance, making the total amount applied for 100,000 shares.
The
:
preferred
severally
itue
mission
of
to
issued
be
to
are
institutions
13
to
who
are
;i The proceeds to be received by
the stock for cash.
amount-to $2,750,000 after deducting an aggregate
$25,000
several
added
shares
buying
company
.the
A
.
The
com¬
be paid in connection with the negotiation of
the-stock. \AThe net- proceeds of;the sale will be
to
sales of
Net
sales
28,022,618
lished
Gross
.
251,562
—;—
—
Other
Other
ll*——il-
profits-tax..,
feo.uuJ
161,550
•
,
:——-—
—•
i
Dividends
on
$4.50 cumulative
Dividends
on
$4 cumulative
Dividends
on
»'*.♦
,k
*
i'.-,
ji
>
preferred stock-;_i
-V,
.
i
(,t
-' tV'
1*"V
>
■''
'one
j
i
Cash in
United
and
banks
hand-
on
securities at amortized
States Gov.
Co a.
Excess
Cash
"•
4,540,629
sinking fund* Tor -retfemp. of debentures—
and property
Plant
■-Investments
Patents,
(net)—
Prepaid and deferred
etc.———
-40,909
—A
expenses
-
»■■
....
Total
•
<•
■
consists
Mi
of
Tellier &
432,613
s
-
•
,
'
'
;
&
product guarantees—
235,960
*'SV?
"
*
"
■
Co;
*■■■
.■
■'
*
■■
.-i.;.'."a
-v.-"*. >
.
EARNINGS FO^
"
*
,
railway—LA
-Net from railwayi____A
Net ry. oper. incomej—
1946
-
1945
>•
'a"7
:
income
'
.Gross
Net
from
from
Net
1,604,161
New
with
6,091,294
2,766,924 A.
6,308,958
2,095,950
1,222,812
railway—^
1,509,822
2,057,807
5,275,588
,
income___
to
r
-Fort Worth & Denver City
-
1945
$1,214,929
Net from railway—
Net ry," oper. income.
.177,458
348,659
81,352
166,021
—
From Jan. 1—
' v
Gross, from railway——
Net from railway
$1,281,082
542,240
,276,271
•in
$1,025,113
•
497,839
,
ry.
163,"
—V.
•
ooer.
P.
1,916,819
2,406,18i
•447,904
.597,675
"*209,113
iftcdme^._l
2,523,152
.1,0.77,631
282,136
932,354
it
reasons
always
is- net
alphabetical
exact
-■■•
467,202
Foster Wheeler Corp^—Retirement Plan Approved—:
.
' The ^stockholders at the annual meeting held on*March~25 approved
retirement plan: for salaried employees earning over $3,000
annually,
t
The plan, which goes into effect April 1, will provide pensions at
age 65 ranging to a- maximum of $12,000 for those who .would not
•
y,-v-vA" *: ft
than 20 years,
w.a"
:
:
rin
•
•
represented
The
right
common
to subscribe
shares
each
of
14
stock
(including
964
or
on
at
$20
shares owned.
free
The
March
common
29,
a
Feb.. It
share
With
shares),
the
on
the
1946
basis
issuance
the
of
had
fpr
of
the
outstanding
a
beeii
given
total
one
of
common
stock
plants. aA
Eastern
our
a A
,
of
"stockholders
of
record" March
19,A1946
distribution of one additional share of
capital
before
realization of
$859,962
'
,
<
,
.Net
for
A ;
totaled
'
"
a
'
'
•
INCOME
A
'
•
-
-
'
"
V '
■
:L
v.
,
Net
1945'
'
a
-■-
plant
Wayne, Indiana, costing about $800,000 and
and
equipment
at
the
F.
■•
■*:/
&
Corp. is again engaged
closely associated with the
Apparatus
Corp.
is
of manufacturing radio receiver loud
business
W.
Appliance
items
General
Sickles
Electronics
Co.
is
also
manufacturer
a
of
radio.
L
condensers,
push
and
button
variable
condensers
tuning devices.
in
combination
with
Company
manufactures- its
subcontracting only to a
During each of the last several prewar years the sales
raw
materials
condensers
and
and
.
employs
variable
condensers
combination
in
tuners were equal to 35%- to 40%
of the
all domestic radio receiver manufacturers. «A
total
with
require.a
wartime
..
„
t
the fiscal year ended Feb. 28, 1945, and as of Nov. 30. 1945,
company's war contracts with respect to new business, cancellations
i
follows:
'
Cancellations
New
Beginning .;.
„
were as
I.
Total
;•■
and
Totals
•
Unfilled End
•
#
2,078,159
285,478
—
L
-
*■:■*
> ■;
-:f
,
A '
;
•••,
.
'.ii"
-
.■
ni"i '#■
Of
..
Fort
an addition to the plant at"
adjusts,
$2,195,549
$2,569,543
reclass.—
surplus—'
*
1
.
the
accelerated
res.
,
j
•
amortization^
against returnable
Cr432,520
___
con—•>'
_•
1
•
T
,
Cr280,716
.
19 out of
unbilled
30
the
i
.
*
to
the
<
customer.
This
action
will
permit
company's
■
will
result
in
charges
to
the
Government
and, it
would
have
PERIOD—Company has two
met
mate
as
amount
with
from
of
acceptance
among
Its customers
$9,000,000.which
for
new
record changer
its customers..
«
models
Company
has
the approxi¬
record changers in
have been accepted by
the company
firm orders
ders
the
if
subject to the right of the customer to cancel such or¬
prices fixed thereon in accordance with OPA regulation's:
;ar? unsatisfactory to the customer/
j1 ' %
A"' * ' L
t. W. SICKLES CO.—The Company's subsidiary* the F, W. Sickles?
Co.
was
organized in Massachusetts Feb. 21, 1924.
General Instru--rment Corp. acquired all of the issued and outstanding capital stock:
of Sickles consisting of 1,500 shares of common stock
(par $100> oni
iADec. 28, 1945, by payment of the sum of $1,155,000 to the holders?
•thereof.
None of the Sickles stockholders were affiliated with General!
'Instrument Corp. prior to the acquisition. Sickles continues to operate?
and
with
its
under
•
^
antici¬
balances, will
all contracts^with ;open
1946.
back
$7,000,000 of this amount
customers.
1945, it is presently
30,
facilities for civilian production exclusively.
the company has received cutbacks and cancella¬
business aggregating approximately $6,900 000. These ter¬
POSTWAR
which
.
^
2,040,30,7
prewar
Nov.
;
subsidiary of the company. •
<
name
own
former
'
management
:
as
a, wholly-•
4
FUNDED DEBT AND CAPITALIZATION—As of July 31, 1945.- the
capitalization of the company consisted of 350,000 shares of common
stock (par $1), of which 243 429 shares were issued and outstanding.
t
_l
its
owned
,
$9,548,978
31.;.1945,
.received orders
Cr293,617
/*'
' A
of
use
minations
■'^
-*V
$7,623,556
7,465,104 1 5,234,888
appear . .that
these charges in addition:, to/reserves presently ; provlded for ;, will be adequate for any possible losses on inventories.: a !
♦
—
transferred
been
tions on war
$2,078,116
.
$6,441,274
of Period-
the
contracts
war
Since July
8,100,0(30. 11,800,000
year.u..i_.'
year
earned
to
that by; Feb.; 15,
have
t y :
• V
j.
.
tbte
pated
$13,314,272
n.*,.„■«.■ i
addition
42 these orders total in excess oi"$10,500,000.
.—.22,439
mw
-
to
5,191,331
In
$12,441,074 $16,455,309 $12,890,040
prior
tainers
$15,370,121
9,548.978
represents orders from
-
;
" Renegotiation -...l-lI
—CrJ?27,503
Tax & renegotiation refunds
due, '
'a A-A- :
Unused
$8,243,688
Shipments
foregoing war business, the company has re¬
ceived orders vfor various articles produced by it to be furnished at
dates and. prices to be. subsequently determined,
Based upon
the
•prices in effect for the given products at the freeze-date leveis of 1941-
1,935,480 •: 2,073,929
349,984
,348,303
>
Terminations
Feb. 28.1945
1943-
1944
Business
Nov. 30, 1945
-
'
A
ol Period
'
.
gen-
profits taxes—
from
•general corporate purposes.
Of the funds to be spent on plant,
approximately $7,600,000 will be allocated for the erection and equip¬
ment of a plant at Avon Lake, Ohio, about 21 miles from Cleveland.
the
and
jand. terminations and. shipments
Y
' '
■
YEARS
'$1^804,711 $18^740,773
'
income for
Major
Approximately $8,900,000 of the proceeds will be expended for tfye
acquisition of. or additions to manufacturing facilities
the production of truck trailers.
The balance will be used for
to
-.■'-■
.
-
excess
construction,
addition
»
also engaged
was
As of
Motet's
r,"
,
CALENDAR
ACCOUNT .FOR
prot. on copper content of sales
'
for
an
the
varia¬
activities
the
operating .profit-——$10,924,065 $14,173,033 $11,044,603
and
other
charges - -less•
.
a* "
' '
received
(net).....—.
254,522
177,484
189,487
Provision for Federal-■income, .and
,; ; :
*■
"
t rft '
; -
by a group of investment bankers headed by Lehman Brothers
and Watling, Lerchen & Co.
The dividend rate and price of the stock
will be filed by amendment.
•:,'■
-'A.
a
Y'..-'A
aAa'a'
is
1925 to 1927
radio
jits! civilian products ?and expects to attain the peak rate required by
jits order backlog during the summer of 194Q,
x A ;!
,
-
dividends
Company ha3 filed a registration statement with the SEC covering
shares of ($100 par) cumulative preferred stock to be under¬
scheduled
manufacture
,
tax applicable to the
credited to earned surplus.
Interest
125,000
Also
assets
to
_
'
V, Net
written
.
the
motors, positioning mechanisms, amplifiers, recti¬
fiers, mechanical and electrical aerial bomb fuses and rocket proximity
aa
a-.
A.;, A
The unexpectedly sudden end of the war and the resultant termlna.Tions of war contracts have permitted the company to plan for im!mediate 'reconversion as. compated to earlier plans, for a morp
gradual transition. Currently the company has'resumed production of
Provision Tor
-
;
to
of
receiving sets. This latter phase of
In 1926, Samuel Cohen and Abraham
formerly officers: and directors and substan¬
predecessor, acquired substantially all the re¬
Instrument
fuses.
on
With SEC—
1P23
All
transferred
*
-
•mechanisms, ratchet
-
Fruehauf Trailer Co.—Registers
were
'
<■
,-The" types of equipment which The company produced for. military
-use ,* included
such ■ items. as precision ' variable t condensers, tuning
Operating proflt.——.. $12,441,074 $10,455,309 $12,912,479,
depreciation—869,003
' 811,809 n« 807,853
for amortize of war facil. y
643,006
1,470,467
1,060,023
•
for
r
'
incorporated in
corporation of the
was
a
1923.
production! of the company, which became 100%
of
during the summer of 1942, was sold to leading manu¬
facturers of military radio and radar equipment and, directly
.on ju
prime contracting basis, to the various military procurement agencies.
gains
was
credited to earned surplus.
Buffalo, N. Y. plant to General
era! expenses
This brings the total outstanding common stock
to 300,00Q shares^rV,.-159> p. 549.
J„
to
10,
S
%
y?
is one of the leading manufacturers of radio receiving
company
The
was
corporation's
Balance
13,269
stock
Oct.
corporation
"*
manufacturing
parts.
variable
dts
required ftt the expiration of the date stipulated,
$1,098,707,
to
the
Gross profit on sales.
product service, sell., admin;
shared
receive
common
N.
successor
mechanical
r
;
of
The
component
ments of
a
of
"*
fh'e
share
new
above-44,233
Registrar:
rA *-jv.a.a a'
••
General
mechanical
(Provision
each two shares held.
up
of $1,167,395
CONDENSED
"
200,000 shares.
.
in
Other operating charges (net)
before March 7,
per
■
located
JCotp. wa$ consummated fn January* 19.46*"
a
stockholders .of .record
the
products
products from
limited degree.
change in policy instituted in 1944 with respect to return¬
able containers,
customers
were allowed
until
March
1,
1945 to
-return containers for credit,
The portion of the reserve- against
Sale
shares offered for subscription to common stockholders
and 964 free shares;
ac^
successful.
■
business
variable
adjustment for Federal taxes on income
in 1944 income was credited to earped
After
the
The
all
such. containers not
These 2,587 shares
shares out of 13,269
unsubscribed
York
•
were
of
chiefly engaged in
of' $227,503
facilities
net
The
-amounting
'stock (par $10).
1,623
required.
profit
a
sale.
Under
*
Four Wheel Drive Auto Co.—Common Stock Sold—
Comstock & Co., Chicago, and Irving J. Rice &
Co., St.
Paul, Minn., on March 12 announced the sale of 2,587
common
than
Government
a
shares of
Elizabeth,
York
organized in
was
who
"
speakers.
•
.
\y '■'a ^•
«■*
of
tax
,
-
earning'more than $3,000 and has reached
163, p. 1425.
,
and
treasury
Y.
the
as
New
New
not
was
company's
Series C bonds in the principal amount of $3,444,000, outstanding
as of Dec.L3T, 1944,~ were retired during 1945 leaving the corporation
"without bonded indebtedness Tor the' first; time in its histqry> < •
During 1945 sale was effected of the larger portion of the corpo¬
ration's holdings of Revere- Copper & Brass Inc., securities resulting
Security Act A To be eligible,
employee inust be in the company's service at least five years and
must not have reached his 55th birthday.
The stockholders also approved an amendment to
ih§ by-laws which
enables directors, at their discretion, to
grant pensions ranging to a
maximum of $12,000 to any officer or
employee who is ineligible fqr
the regular retirement plan because of
age, providing he has been in
more
S
'
an
i
predecessor
effort.
war
'•in
*..!■
a
,
-■,
'•
*
claims" arising out of the termination or the
corporation's war contracts; were ; settled before the end of 1943,
and
production for the war effort was concluded without resort
to bank loans or borrowings under the V-T Loan Agreement.
Thi$
*agreement was terminated in October, 1945. a
■ ^
' .a?
All leases of Government financed faciities for war use have been
cancelled.
Early in January,' 1946, a purchase agreement was con¬
cluded
with
the 'Government
for
a -substantial
portion ox
these
a
65 years of age.—V.
in
corporation.
condensers/
•
a:
service
U
stock
excess
mainder of. Its stock and undertook the management tthereof, gradu¬
ally discontinuing the manufacture of radio receiving sets and concen¬
trating the business of the predecessor in the .manufacture of variable
the fact, that the profits for the full years J945
shown in the preliminary statements issued for the
it is pertinent to report that the corporation
net-increase
surplus. Substantially
1425.
otherwise be coverdd by the Federal Social
tin
Company .has three wholly owned subsidiaries. General Instrument is
Appliance Corp., organized in New Jersey April 21, 1938; General Elec¬
tronic Apparatus Corp., organized in New Jersey
April 10. 1944 and
F. W. Sickles Co., organized in Massachusetts Feb. 21, 1924.
During
the war period all subsidiaries manufactured
products solely for the
Renegotiation of profits on 1944 Government business vOas concluded
October,
1945.
Reserves created for
the purpose were $812,51P
the
2,006,687
545,776
Jersey
N,
Avenue,
1937.
the
tial stockholders
by
"more
255.447,
;/
:Net
24,
of
Blumenkrantz.
substantial, operating loss in the last quarter* • The, loss -was
a reduction in the
provision for Federal taxes on income
by such loss as well as by reductions in the provisions
for both Federal taxes and renegotiation occasioned by expenditures
'on reconversion and by acceleration of amortization on war facilities
'resulting from' Presidential * proclamation whieh were only, partialis
^reflected in the results for th® first nine months.'^>
1943
1944
$39u."l 72
York,
Newark
Feb.
the business
"
occasioned
Ry,—Earnings—
194G
railway-
from
deducting
ble condensers and accessor es, ard from
in the manufacture of home radio
,
Month of February—
<
Gross
New
organized
business
The
a
•offset
1,723,890
,-r-V. 163, p. 1425.
v
value),
par
BUSINESS—Company, having Its plant and principal
829
New
months,'
nine
had
2,961,912
v
at
name
and
*
"v*
' r
'
•
companies .in
arrange
.;■■:
than
higher
•are
5.629,247
3,220,651
(no
The shares, which are
being sold for the
Jersey
.same
Notwithstanding
1,052,286
first
railway
oper.
ry.
T% : cumulative,; preferred
A stock (no par value)
class
stock
Transfer Agent: Corporation Trust Co.', Jersey City, N. J.
officer,
posi¬
VA'--A".'!.General Cable Corp.—Annual Report—Dwight R, G.
I>Blmer, President, iri the company's report for the year
Tended Dec. 31, 1945, said in part:
From Jan. 1—
.
of
tax
HISTORY &
Corp.-~Propa8ed, Stock Split-*lTp^
NOTE—-For mechanical
\
-U. J';...
•
$3,124,674
$3,089,835 ■$3,232,952
969,329"
1,493,398 • l,6dt>,7o4
534,362 '
736,513
T,140,814
$2,525,386
8,830,370
2,198,875
7,684,820
$43,679,361 $51,709,948 $47,785,560
—
Irving Trust Co..
order^ However* they are .always as near alphabetical;
position as possible*
't
v
A?
V;
'
>
uv->.
A:/■ 1943 r
1944
♦
'
13!36l!698
I
^
'
306'689 shares
shares
of
common
,
C* Goodyear, Chaxrfuan of the board of directors* announces
split-up of the common stock will be recommended by
to the stockholders .at the* annual- meeting to be held
May 8.—V, 163, p. 1426.
aa
;'
*
*M
\
]v, ; ' - :
possible
FEBRUARY AND; YEAR TO DATE
-
16,283,236
-2,198,875
•
liSOO,000 shares-pf toihfnon
.
from
16,285,236
2 198 875
C
on
Month of February—
4,120,000
16,2851236
count of certain stockholders and therefore do not
repre¬
sent new financing by the
company, are priced at $19
each.
'-A AA-A
-A : ;:AAA- 'A ' .-:■■ -'A.. --.Af
H'Y'-'%-■:■
3-for-l
a
.
Gross
3,444,000
"
Sherrerd.
*
Gen. A.
that
March 15 authorized the Issuance at par hot exceeding
«l ,272,156 of promissory notes'in further evidence/ but not ih payment, of the unpaid portion of the purchase; price of certain equip¬
ment to be acquired under, a conditional-sale agreement*
^ -
'
2,294,244
5,299,790
including Hirsch & Co., Dempsey & Co., A. M. Kidder &
Co,, Stroud & Co*, Inc.* Otis & Co. (Inc.), and Butcher &
"the directors
Florida East Coast Ry.—Trustees Notes—j
The ICO
2,145,402
5,762,755
4,865,922
——II
fering of 79,590 shares ($1 par)
Ltd.—Stock Sold—-
-
en
-
$7,294,237
1,759.000
tax_____L__
General Instrument Corp.—Stock
Offered—Public of¬
common stock was made
March 25, by a syndicate headed
by Burr & Co., Inc., and
?
'
*
YyOYM:
$4,655,516 $10,574,174
2,312,114
3,318,503
;I3
expenses
liability.
tAfter
savings notes.—V. 163, p. 2270. -■/
than
<** "
$31,821,509 $30,060,367
1565.
163, p.
158,043
1
.
Federal
convertible preferred
I62tj>. 1767*
that the entire
announce
Gay lord Container
"
——
•
iSfoeo
671,858
first well on the. company's- property has
scheduled to start around April 15.
Mr.
Payette estimated the drilling cost of this first well at approximately
$91,000, See also V. 162, p. 1281, 984, 1
A: a /
-v
v
-
Total
—V.
A
V *ReE^s^Ilted..by-
A A contract for drilling the
been awarded and drilling is
.
i
•
$43,679,361. $51,709,948 $47,785,569
^
Total
ample funds to thoroughly explore the possibilities of .oil
its property and in other areas of the Gaspe Peninsula.
on
240,357
Reserve for contingencies.,.-—
40,000
191,505
15-yeaf 3% debentures! (retired)*———3,000,000
$4 cumulative preferred stock
—__I
7,856,250
L
$4.50 cumulative preferred .stock' (retired) A——
3,589,658
Common stock ———L-.———
12,486,996
10,588,537
Earned surplus—6,641,993
6,518,870
Cost of 1,180 shares of $4.50 preferred stock—"" «
——
Dr124,383
14,307,144
*
i"vf'
>'
company now jhas over 4,000 shareholders, and its cash-on-hand
tion is in the neighborhood of $675,000.
This leaves the company
more
a
Lk'A
a
...
I
,,
12,407,083
94,365
payable
income
:A\. >■■'..'■'./
A
12,421,672
exp.
4—
LIABILITIES—
9,788,145
14,255,501
deprec. &
——
premium &
mortgage bonds
•Capital stock
Capital surplus
•Earned surplus
recently offered by them at 60 cents per share, have been sold.
Payette, President of Gaspe Oil Ventures, announces that the
stock
trade
self-insurance
for
res.
First
common stock which,
outstahdirigAOh 1,00(^000
the outstanding, shares of. $3 cumulative
Gaspo Oil 'Ventures,
40,909
A:A;!.aaa,1
..
for
and
iFederal
in
:See..BrookS Brothers aboveWV.
and miscellaneous.-.l/"$2,277,282
$1',709,79'3
Accru. pay rol^, container deps., royalties, etc.- .
. 905,437>
770,611
Reserves for Federal, state, etc. taxes (net)—
1,377,589
3,575,419
Res.
(less
Reserves
only of
(Julius) Garfinckel & Co*, Inc.—Acquisition—
;
payable-,
assets
Accrued
•
Allyn «fc Co., and Bear, Stearn*-& Co.—V. 163, p. 1283.
All
*'$31,821,509 $30,060,367'
—1—
—
LIABILITIES—
1,590,842
goodwill
•Paul
.Accounts
2,821,860
2,462,450
bond
";
.stock, $20 par value, have been called for redemption on May 1, next,
at $65 per share.—V.-163, p* 651.
"
208,438-
746,837
386,717
--■-:
contracts,
H.
participating
9,042,256
12,248,769
Li--"
,
royalty
2,821,860
9,256,741
:
3,766,763
102,000
,
*
278,372
—,306,508
assets.....LiULiiL—vi'LL''" 302,400
"iz Total
Gardner-Denver Co.—To Redeem Convertible Stock-4-
2,108,811
.169,837
■
.
212,152
profits tax refund bonds
capitalization
*v";
r
9,860,346
.90,090
-
316,532
i Accounts
the offering include Paul H. Davis &
Byllesby & Co., Inc.; Paine, Webber, Jackson & Curtis;
& Weeks;' F. S. Moseley & Co.; Newhard,
Cook & Co.;
Hornblower
$3,232,300
Inventories
company's
A. C.
^Dominion of Canada, securities at cost—.i—-A/ 90,500,
!■>: Customers, less allowance.^—2,341,559
other '-(ihcludingt employees).,——*
239,154;
*•
,
12,456,632
'
amortization)
' A
the
*
1944
$3,183,058
-7,791,222
cost
,
825,614
!
J
Patents
'
$4,585,661
-
L..;|
bonds.!
—
...
Unamortized
share
Underwriters
8~20"762
1945
——
^
J
financing,
this
refunds
reneg.
•
expenses
Investments
Other
Fxd.
'AA 1943 -A:
a
312,930
Prepaid
income, of
p. 464.
the Galvin
and
;
1,124,162
4,368-477
10,884,209
Inventories
of
Offered—Hickey
of the holdings; of
tax
2,000,009
900,567
•
——
and other investment bankers on March.
part
inc.
■
(prior years)
Excess profits tax refund
receivable
_i
consolidated
other
and
revenue
•with this financing, will totalA800,000 ^h^res
authorized.'. There is no funded debt. -
ftp
VC l,f
finance
a
DEC. 31
'
•
manufacturer
S.
•
..lLLL;, $10,172,821 $11,894,284
treasury bonds
treasury tax savings. notes.
'Accounts
usqd. to develop a new gasoline-burning heater for automobiles
and trucks and. for plant expansion.
a 1
210,000
V,
CONSOLIDATED BALANCE SHEET,
tU.
il
A1944
1945
will be
'
ASSETS—
largest
is
Company
States.A,The Company, had
CONDENSED BALANCE SHEET DEC.
r
S.
vFed.
to subscription by stockholders at $18.35 a share in the ratio of
for every, nine held.
Proceeds accruing to the company
(.open
.
918,182
U.
■
163,220
a
•
at
Galvin family will own about 300,000
shares. *;Of the stock being offered by the company, 33,421 Shares are
The
58,801
stock
common
placed
are
public offering of 200,000 shares of commoft
a
represent
After
A
100,000
$1,477,393
preferred stock-
United
including
1945,
(Inc.)
shares
209,519
.$1,643,284
income
plant
fstock (par. $3) at $20 a share... Oi the total offering,
♦80,000' shares are being sold by the company and 120,000
2,^CUV/,^0U
:
contingencies-.^-^—---—-—40,000
Federal taxes of parent company refundable—
Cr88,000.
>'VA> ''A; A*/A' Y AAAaL/AV.
i
& Ca
.732,300
A
this
Manufacturing Corp.—Stock
>26 made
6,778
976,594
tax—^--■~--rr--*;x-fAAA;A,929,000,.
with
connection
C
844,'443
for
...
the
in
in
Galvin
$5,813,856
_———~.
income
taxes.
Net
sales
net
262,011
$3,730,419
charges
in
Fruehauf Trailer
1897,
trailers
^family.
Federal -excess
.Provision
costs
'$72,157,122. Net profit for 1945 amounted to $1,873,295.—V. 163,
236,633
-
v'K 315,197
income
Federal
*
-
12,436
.
incoihe
Total
■
net
profit from operations abroad-_-
.t/ther
31
$3-,151,'223 f $5,313,434
profit.
Royalty revenue,
Net
824,792
in
truck
26,787,860
4,282,895
896,775
5,024,780
Selling, administrative and general expenses—
Depreciation and depletion
,
Estimated
Monday, April 1- 1946
ASSETS-:
,Cash
•
$37,02.1,415 $37,280,965
_
.
Cost of gOods
A
for the erection and equipment of a new plant at Pomonqi,
California, is under consideration, but no final, determination has been
A;t$2,900,000A*A::SfAA'';A5'W-VA:r^^
Following present financing the capitalization of the company will
'consist of the 125,000 shares of preferred stock scheduled for offering,
and 1,191,742 shares of $1 par common stock.
11
M
■"
YfV Incorporated in Michigan in 1918 as a successor to a business estab¬
:
YEARS ENDED DEC.
INCOME: STATEMENT,
CONSOLIDATED
-
'
A program
.made.
capital and used for general corporate purposes. -*
working
California, a suburb of Los Angeles* costing approximately
'Av A-A'A.V.,:V LV'LLA'-L ■ ,• vrA'A A A,/-':,. ''AA; AA
Vernon,
$500,000.
vv',";>A;/A!;jv;-;jj}: A-';,v:<A A'A/ a a
1•; ■!:
*■.
.
■
:
A
By amendment to the certificate of incorporation filed Sept. 26, 1945,"
increased its authorized capital to $2,700,000, divided into
company
*Net
income
Preferred
v
year
dividends.
•Exclusive
$859,962;
for
of
——....
profits and
1943—loss
$2,569,543
losses
.
1C0.000. shares of preferred stock (par $20)
-
t$2,855,572 t$2,652,449
1,050,000
1,050,000
1,050,000
mon
sales
vided for
on
$331,178. a t As
of
restated..
securities;
a A 'ax ;a
1945—profit
A' LA
-
$}. La;
on
stock
the
Vj-.*•
(par
a
$1).
and 700,000 shares of com¬
Thereafter and on Sept. 26, 1945. d'rectors pro¬
declaring a 100% dividend
2 for 1 common stock split up by
above
t:.t *'
mentioned
w
I
if t
243,429 shares of outstanding
ui-'V-.'; *■* " •'
>
vl" ••".• ,V
;
iv* •• <'•••
common
.4:
stock
<
Jjt>.
^Volume 163-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
in.
15, 1945, to stock¬
thereof the capital stock
payable In? shares of the common stock, on Oct,
.
of
holders
record
1945.
2,
Oct,
As
result
a
February,
casbuv
■
Recount was increased:, by- $243,429 and; the earned surplus account was/
reduced by the same amount/
'
■
:
"
STOCK
issuance
Its 2Va% serial notes, Series, A,
$1,250,000, in consummation of a;
used to acquire the P. W. Sickles Go,:
loan the proceeds of which, were
the
following table shows the Company's funded: debt and* capital!-,
zation at Dec. 28, 1945, after giving effect to the increase in capital
stock, the declaration of the dividend and the issuance of the funded
The-
.
«debt:
-7
-
%
"
■
,
*
•
p
<
•,
vAuthorizedr'iOutstanding
$625,000
$629,060.
$623,000>
■
$625,000
,
»
27,
-
Inc..."
Co.,
3.5%
1565.
A. M. Kiddef
.
rw-
.
Gross
-
■
*
i
.:
j
■
sales,; less
allowances
Brov.
for- price
and f
/*
»
Co.* Ihc——-
Young; &
1
1
-
"
-
■
-
:-'
'
:
//, V
—Wk. End. Mar. 14—
'
;
■
V
>
$48,425
.
$46,200
:
1427
1946
$476,135
Nab from,
Net
:*
ry,
1945
• >$590,551
railway—. 56,671
income*..
©per.
X From Jan/l^//-//:
Net
:
from
from
:.c
1,206,926
Net, ry,. oper. -income/..
*13,632
f
^Deficit.—V.
163.
p.
371,826
1427.
-
'
<
' r~
-
493,398:
rayway^i^.--/ •
income..^ ■'
oper,
1,750,303
433,602-
'
■!
1945 //
•
1944 ■-/"/
-
$2,88.7,009
1943
$2,678,000*
613,346
676,888
844,572
410,177
458,055
636,398
5,971,000
1,305,513
5,888,000
856,778
;
9i8,892
*406,397
5,487,000'
1,734.848.
:
1,465,313
1,333,905
'
1158.
absence
for
to
of
a
696,212-
'
5,174,099'
the
quorum
annual
meeting
of
stockholders
March 26 was unable to act on. the recommendation oft
that the authorized capital shares be increased from 250,-
500,000/; The meeting
adjourned
was
v
•r..-...
G ray son-Robinson
>803,14^
-
in
..
,
$2,920,000
4,703,00017,474
;
p.- 2941,
314,145
1,581,614
the
Gra^ Manufacturing Go.-—T01 Increase- Stock—'
pz&h&x
1,644,485: 429550
344,805
•
44,618
20-
tillage,
available
RR.—Earnings— '
*266,213
*Deficit.—'V. .163; P.
000
$855,538
212:293
of
been
•'
^'
railway.___
the directors
114,188;
income
oper.
ry.
ry.
•
242,888
has
of
'
-
1943
-
U
\
.
Month-of February—«' 1946 '
Gross from railway-^/,/
$2,226,000*
Net, from railway./
*77,452
Net
'$784,722
purpose-
which
con¬
widths
plow., planter, and power take-off to operate
grinders, and other machinery,—V.
163,
pp.
snow
,
/' From Jan. 1— ■/*'?
.
150,127'
primary
invention
municipalities,
tilage
m
'
„
$479,743
1944
<
,;./"//;// v-';:•,//;/'///
f
railway....
railway//,^.*
Net from'
'
>
its
to
Swiss
produced
.
$737,831
25,081
Gross from
650,000.-
6,665,657
1284.
scheduled
* 1946 "
-
addition,
a
Grand Trunk Western
1945,
.
being
are.
saws„. pumps,
and
.In,, the
i Month of
February-— I
Gross from railway/,..
In
machine,
furrower,
mower,
Georgia RR.-^EJ^nings—
\
units
inches.
circular
/
this
tbiS. country, only, in limited quantity, performs more than 20 different
It has various attachments,
including lawn mower, field
,'./
.
production in
farm tasks.
—Jan. 1 to Mar. 14—
1945
1946
Operating revenues
-7-V. 163,. p. 1565.
«9;084,743/$7,237,089/
Adj'ftd, net sales
$6,928,294"$7,827,863
Cost Of goods; sold-l^ii '5 8,228,430' ... 5,429,591
-
-,/.>■ -;V)
April 1, 1946.—V. 163, p. 464
on
*'
Period—'
-----
3;100,000
/
26
Rototiller
when compared with the, corresponding week of 1945.—V. 163,
V;;:/" //'
,
courses,- cemeteries,
institutions,
others, he stated.
-:./*//...,v
-
Georgia! &: Florida RR.—Operatm g Revenues^: ./'/:
■'
$7,887,089:
.
133',O0Qr *; 725,000
■'
-
■
tttid)
food
...
golf
and
tworwheel
Net
■/
■
End."
' *
1
-
—$7,059,294 $8,552,663. $12,184,743
ad jmt.
; /
....
f i under reneg. proedgs/
■
The
increased
has" already received 49,449 orders .from farmers,
orchardists, berry growers, nursery and greenhouse
gardeners,
operators,
Gross
0T^:} Octnjsx, *45^ peb28;'45fPebn29,,44 P?b^?8l ^
dis- T-^^7
'77/,;77'7/p ■
returns
counts;
O D, B« BonbrigHt & Co,
'.Lester A Co.
5,000
5.QOO
——
CONSOLIDATED INCOME1 STATEMENT
V ;
8 Mos. End:
Year End.
Year End. ' Year
•
.
7,000-'
&'Cd-7i/~
Butcher A Sherrerd
home
demands for
abroad," Mr. Frazer said.
company
tractors
to-
pursuant
The 'New York Stock' ^Exchange, directed1 that" the"\ debentures' be
t
5,000
3,500;
3,500,
1,000,.
Dempsey As COy-/U-^^/
underwriters
/,
,
quoted ex-interest 27o
U,5O0 7 . Stroud A Gov, Inc.^--^:
Birschi &:Co,-*-~.~—/-
,
the
to
Payment of interest of 2% will:be made on. March 31,. i946i on thdi
cumulative income debentures, due 1969, on surrender of coupon
Ho, 3,
'>/■
/;/-//„, '"■/
•
,
-
5,000*
Otis & Co.
sold
i;:lx^EaivRealt3ri'&, -UtiljWfe&Uiwi^Iiiiierest Paymfiiit-^
/
•
16.500
_
the
purchase warrants entitling the holders thereof to. '
share an aggregate of 20,000 shares of the com-i'j"
.
pi
r
&
/ The
per
will be
ta help- meet
country and
underwriting agreement.
er
~
! UNDERWRITERS—-The- names of the underwriters and the respective
Amounts underwritten by them-are as follows:
Shares
Shares
Burr
authorized
General Public Utilities Corp.—Weekly Output—
none/;/
486,858. shs.*
lOQvDOdsha*
700,000 shs.
has
machine
in
/'/ %
V:The"electric outpuft 'of this, corporation -fo^.the.;we«kr eade'd-March
22, 1946, amounted to 119,540,604 kwb., a decrease of 4,285,241 kwh.,.
the company issued its
1945,
$3
WARRANTS—Corporation
I
..
$200,000
.
2J/a-%: serial notes in the
total amount of $1,250,000^ Such notes werr ?issued-aa follow&i ^eries>
A, $625,000; Series Bv:$625,0001 *'
;
<
*
,*
-On Dec.
,
stock
at
.
■-'•-/
:t
2Va% Serial Notets, Series A—-——
2Va% Serial NoteB, Series,
Cumulative convertible preferred stock
s t$2ft pan)
Common stock ($1
of
for
■/
stock. " Warrant®
mon
additional shares
100,000
11
PURCHASE
purchase
On Deo. 27, 1945, the company issued
and Series, B, in the: total amount of
bought,
1946,
1727
until
April
.-V
-r
:r
22.—V.
162,
\
.-
Stores^ lnc;r-New Appointment—
,
t The
corporation announces the- appointment of Louise Veo as direc-'
tor- of personnel of S. Klein "On the
Square" in New York City.
For
the last four years Miss Veo. has been assistant to Frank
J. O'Brien/
M. D., Associate Superintendent of
Schools, ; where she has been re¬
sponsible for development programs.—V.
163, p. 142?.
-
'
Gross operating profit
<Dperating/ expenses
$1,697,864
:
905,722
!,
I
Net operating profit.*
Deferred chargesOther income
\
»
.,
35,?94
Interest expense
7 Brov. for- inc.
>•
-v
&
§
1,425
i
;
'
_
"lis,863
Dividends—cash
stock
-
♦—V.
;
■
■
'
Motors
I 119,400,
216,313
'
'.
Rising: Manager of Chevrolet, it i& announced by/%. H. Keating; Genr,
Manager.;
•
."•.''/
-7" "7/77
,7 Mr. French has been connected with Chevrolet for 10 years, and
■during; the war be guided the publicity and public relations program'
•e'ral Sales
with
Chevrolet's
war
(government,—V. 163, p. 1565.
in finance,
education
and
//Y:-
"
■.«
w
•
>•
-
.
_
% ••
*•'
.
V°",' ,.j'..
General Products
Corp. ojt New Jerseyr-Stpck Offered1
^-Offering of XI9,000-shares. ($1 par) common stoek was^
thade March 25 by Hilt, Thompson & Co., Inc., and F. L.
itossmann,
CchvT^
publie at
jjer share, has been averstibscribed.;
1
COMPANY—Corporation, was incorporated in New Jersey • Nov.; 30;
3:949, for the purpose, among others, of commercially/ utilizing the
ttoy-products and derivatives, heretofore considered waste, at sisal and'
ihenequen plants, v There has been .developed from this waste a cattle:
feed, to be produced and- marketed; by. the corporation under the;
:fiamo "AQA-FEED,"' which ia chemical analysis, and physical charac-;
•teristlcs closely resembles; beet pulp, a widely. accepted cattle feed; fori
,
ijnany
-
1'
89,971?
-■■■
..J.,
.
eomp«ny/ has,TUe.d
>■<
-
u-
v
,
V
,
{;Vi j
'reghtration
;Statementi with/ th». SEC .covering :
$1).
Of the total, ,300,000
shares are being sold by the company, and
159,000 shares by seven
stockholders.
The price to
the public will be filed by amendment.,/
The/underwriting group includes Buckley Bros.; - Mercies, McDowell &
Dolpya; Ames, Emerich & Co., Inc., and Dempsey &Co.
/
shares
of
a-
Under
-*:T
years.,
It; is tha intention of the corporation
to
erect
/' '
'
•
plants
*
in-Haiti,
stock
common
(par
iplant, it has contracted to- acquire a plot of approximately 18 acres,
•of-• tidewater land, in that, city, .together with a modern
steel and
•concrete
pier 550 feet long- by 36 feet wide.
In the contract fori
•ihe supply, of raw materials, it is provided that the seller of such raw.
.materials wilL provide-the land necessary for the Haitian plant at a,
qhbm'inal cost.
The corporation has made application
to the Reconstruction Finance*
•Corporation for a five-year serial loan in the' amount of $750,000,
the proceeds of which, if granted, the corporation proposes to use
.for the- construction of the plants in Bayonne and Haiti,
In con¬
nection, with such loan; the. corporation, may be required topledgee, or
hypothecate property and- assets with the Reconstruction Finance
.Corporation. -These initial units, when completed; will have a daily
•capacity of 175, tons, of "AGA-FEED," or 50,000 tons annually- r
j
A.: contract -has; been, entered; into between the/ corporation, and,
.'Sharpies Feed Products, Inc., for the sale of 50,000 tons of. this
'
,
period of a year,
at a price.
f.o.b, the plant at Bayonne, NV J.
However; the • cor;poration will not be able to deliver sufficient quantities early enough
to meet the requirements of this contract and may soon be in tech->
rnical default thereunder in which case the buyers' only remedy
is
•Cancellation.
In view of the shortage of cattle feed,
the similarity';In analysis between beet pulp and "AGA-FEED" and the present OPA•eeiling on beet pulp. ($42.50 per ton, Boston, Mass., and $40.05 per ton,
Bayonne, N. J.), the management does not feel that the possible-:
•Cancellation of this- contract- wilt, seriously
affect the corporation'stiJuslnees.
On
the
basis
of/ 50,000
tons productlbm -annually
it isi
"•estimated:, that cosfc of "AOA^FISED" f.o.bi Bayonne would be $22;75;
to be delivered over a
of
agreement
entered
into
Qf Feb. 1, 1946, •;
Gerity-Adrian Mfg. Corp. .was merged into Michigan Die Casting Co,,,
the name of the merged.company to be.known .as Gerity-Michigan Die
Casting Co.; The common stockholders of Gerity-Adrian Mfg. Corp.
received 130,000, shares of common, stock: of the merged corporation in,
exchange, for. their.5Q.DQ0 Shares, on. a basis, of 2.6 new shares for each
merger
as
-
share owned,
and 337,500 shares of common, stock of the merged com-,
issuable in exchange for/the 337,500 shares of common stock
Michigan Die Casting Co; on a'share for share basis. Gerity-Adrian
preferred stockholders received in exchange $197,000 of preferred stock'
o;f the merged corporation, on a share for share basis. -//'V:/-;//^: /
; The' agreement of merger also provided, that the new corporation pro-;
to offer for public subscription 300.Q0.Q
stock 64 $d pen share, tfttha ptiblid, /
poses
<of $301.per.to.n,
shares "of itscommon.-
'
Th6 cbnsQlidatedv corporation. Will have authorised i;999,90fl Shares of
common stock,, par $T,- and. 2,000: shares oft $100 pat value 6% pre-
;
L.
/-
••
--■'
Gillette Safety Razor
A;//
J.
v.
r..
•
..
•
^
;
which operates nine plants, manufactures storage,
spark plugs arid roller- skates, substantial portions of which-'
to .SearSi Roebuck A Co.; and- basie electronic component
company,
sold'
are
.
parts- foft "use ih •radio,
ment.
in
television; radaft,' arid- other electronic eqiiip^
During the war period the company was an important factor
development and manufacture of- the smallest radio proximity "
such fuses generally having been- designated by the Bureau of
the
fuse,
Standards
;
The
the
as
net
war's
No.
2
offensive; weapon;
';J
•
*
/'
*
proceeds. to
be received by the company from the issued
general funds, but may be used in connection "
With contemplated expansion of plant and equipment at various loca¬
tions/ Based upon figures'in the registration statement as filed, sales
will
be
and
n«t-income
added
to/its
fori 1945
were approximately
$18,600,000 arid $519,000, '
respectively.
After the offerings, capitalization will consist solely of315,090' shares *ofr capital-stock;, for;" whichr listing-, on the. Nev/. York
Qurb-Exchange- is anticipated.—%
.-
Goodyeuc
163, p: 1565.
Tife & Rubbev ,Cb.
;
,
Net ry. oper. income^—
/~V. 163,
It -is estimated that production of sisal in Haiti at the present:
would provido raw material-, for- in excess of 200,000- tons-- o£
•cattle, feed, per year,.
'
'
p, 310,
W.)
$3,116,483
898,100
..1,245,085
401,034
334,369.
334,322
5,946,511*
5,824,72?
6,307,12?;
1,937,811
1,799,188
682,128
2,481,011
897,640
Haekensack Water Co.—Bonds
Offered—Halsey, Stu-,
Co., Inc., and associates on March 28 offered $15,000,000 first/mortgage bonds,5 2%% series, due 1976, at;
105 and interest.
The issue was awarded March 26 on a
bid of 1Q4.42, an interest cost basis of about
2.417%, sai<U
to; be record for low eost of long-term.: public
utility
■
bonds/
Dated March 1, 1946; due March l,
be in temporary form,, later
wjll
payable on March
in
New York City.;
1
Bonds in the first instance.,
for definitive bonds.
and Sept.
1 at. office or agency of com¬
bonds will be in coupon form in
to principal only, and fully regis-'
Definitive
as
may; ha
authorized.
$100,000/ and such other denom¬
Coupon and
1943
.
registered bonds inter-1
'
•
Bonds will be redeemahla afe: thft
option of this company as. a whole Or
in. part from .time to time on any date prior to
maturity on at least
30; days' notice at the
redemption prices, the initial redemption price
being 109%%; of the principal amount; the bonds will also
be redeem- '
whole or"in part from time to, time upon like notice
through
certain cash deposited with the trustee, or, in certain
instances by use- of proceeds of released
property at the special re¬
demption prices, the initial special redemption price being 106% of
thp; principal/ amftunt; plua accrued;! interest in-.each case,.
/ "
-ui.
able
as
the
a
of
use
I ORGANIZATION & BUSINESS—The original Hackensack Water Co.,
incorporated in New Jersey March 12, 1869. In 1880, that
was
company
Was'
"reoi-ganized/andi its, asset's were: acquired by Hackensack- WaterCompany Reorganized, the certificate of incorporation of which was*
fiiedrSept. 7> 18801 The Hackensack Water Co. Reorganized-changed
iis name in 190.2.
to Hackensack Water Co.
incorporated in New York, in
than the Spring Valley
1893.
Company
Httldihg real est'atV
Works & Supply Co.,"
Subsidiaries of the
are
other
the business ofcompany
engaged solely in
"""
;
^
,
The company, is engaged in the collection and distribution of
water
for
domestic^.industrial,, and fire-protection
Company
purposes.
nishes
fur¬
water service to. consumers in. 53
municipalities- in- the eastern
part of Bergen County, N. J., and the northern
part of Hudson Coun-/
ty,. N..J., including Englewood, .Hackensack, Rutherford, Teaneck, North
Bergen, Union City, Weehawken and West New York.
Its source of
supply is the Hackensack River* and tributary streams, the water
being,
taken from the: river at a
point below the dam of an impounding
reservoir at Oradell. N. J.
/
.
; The population of* the, 50 munipipalities served substantially in whole
according to the 1940 Federal census,
approximately 425,000.
proceeds, will
Tthe-corporation. i
Johns M; Keating
•
be
added, to
the. treasury
funds
ofJ
-
.
-
.
is
$546,021
profits from sales
Sell., adv.
member of Giddings,^ Keating and ,Rei%
>
/ * / > V
•- y
j
.By, the terms of the
Underwriting Agreement, the corporationagrees to. use it® best efforts to elect a representative of the under-writers to the board of. directors of the corporation.
/ .The
directors
and executive
officers
(President,
Vice-President.
Secretary* and Treasurer)' receive- no* salary at this, time except; the
(salary- off $7,3005- pec yean to, thct President, / •
;; -,' / 't
•;
;; ;
•
GroSs
a
&, adm.. exps.
SocialisecUx.; &i old age
J
•counsel for tha corporation,
.
410,897
benefit;, insurance:.—
*. $568;885
,
406,223
$568,241
399,053'
12,094
,
/ /. 14,37.4
11,938
-
/T943":'-7
$4,199,057
revenues
Operation
Maintenance
Prov.
for
(other
than
inc.
ex.
"1943:'
//1942
$4,129,593
899.864
912.154
,173.984'
325,158/
168.208
"•
,326.888,
.
$4,038,588.
865,376.
147,837'
/
317,634'
324,140
Fed-
1,075,413.
_
taxes
prof.
1944
$4,237,425
937,064
201,633
•
retirements.-
eral income)
jir-/
'/
,
j,Or">.0i
1.004452!
1,0 ".7.424
"
'
333,000
308 7^9
103,294
270,000
$1,221,763
$1,181605
$1,206,418
33.3L4
25,462
tax. (net)
_////
$572,014
:
399,926'
11,301.
/
^
365 804
348,200
1
-,
85,443,
91,800*
•
_
;/ CAPITALIZATIDNi^-Aftes'' giving effect.
•eapitalizatlons of
the
corporation, will? be
follows:
as
Common, stock
(par $1 pec share):-auiborizedv 1,000,000 shares;, outstanding, 625,000.
This-, latter is: exclusive of 20,000 shares held. in. reserve for
shares:,-
Issuance
upon
the
exercise of the
warrants, to- be
r
Operating profit/.'/-/' •/: $123,186
credits
/• .9,873
Income
"
Frdv. ft»r*Fedi inc. and:
t
excess- profits ta» on
;
«.
•'
nection
products,
with,
production
of
cattle-
chemical) derivatives}
feed-
material,
etc; ' Mr. Veitahle.
25,009' shares:
plastics; moulding;
subscribed for
also
at, $2" per share),- paying, im cashi or by
accounting
lor^cash ; expeiiditurea made, for the: benefits of -tha corporation/ The;
Christian': Missionsi Foundation, mm,-,: oft .-which, Frank- B-.. Etwin; isBresi'dehfc.'ahd'. members of tho family of; Prank B-. Erwia, subsequently,
,
.
earnings
Other income
(net)
T^J?r®ss funded
i»Come
Int.
-
77,390)
.89,659-'
1,056
.
$75,703.
29i-r-^ 163, /»•. /W27;. -1
943
chine, .Joseph W.- Frazer, President/ announced.
;/-.
speeded preparations, foe manufacturing
-
mar
r-
the RototiUer
502,250
are
"
4,893>
;
to; be
24,41
4,573
6,67
$700,638
$683;35?
-
22,6
$1,205,90
/V/. 502.25
24.418
24.418
,:/ 6,147:
'
502,250
502,250
24,418
-
$706,193
first
to
$6.72,55
applied: to
the
retirement? b
mortgage, bonds. Series
redeem
on
or
.
.
CAPITALIZATION GIVING EFFECT TQ PRESENT FINANCING
•;
1
mtge. bonds, 2%% series due 1976_,
Spring: Valley, Wate»< Works
f
lafe
iritge
June 1,
revolutionary ReftotiUwr farm;
$1,21 A919, "$1,231,881
$1,183,2!
A 3%%
which the compan
about June. 10, 1740.-atand interest
The balance of such net
proceeds not required for such purposes wil
be added, to the
general funds- oft .the company.'/
-.:■••*
.
•-
intends
1st
The: firsft. peacetime product, of: the huge former bomber plant aft/
Willow Run, Mich.,; was, Qompleted on. March 26, as- this; corporation//
have
-
..
Net income
,r"; "
' c
Producing; Farm;
.
'/./'We
'
$66,523
Machinesr—
oft the
debt—
disc. etc.
int., &. taxes-^.
$14350,000
-rty, :v"
<
Motors / G0i?pi^~Ncw
began; volume/ manufacture
of debt
Dtoceeds
$72,486.
months endfid/Febi.
Amort
Miscell.
-
profit, —$76,241
/
6,152
17,246.
r--T__; $1,239,009-
9,812:
*•':;
•
$160,787.'
$166,939.
.9,891
378
-
8;7ia
9;384
$162,295'
*
31?
.
'
$163,332.
79j539
of! foreign ,subs._——
PRESENT SHAREHOLDERS—Of the outstanding stock 381,00(1 shares
issued to. Mr, Venable for an. assignment, of his, lOryear contract
*£
/
earnings -//-«»
were
(with- two> 5-year renewal options)' with. La. Plantation; Dauphin,. Si At,;
tor the- purchase of material
and. for research expenses in. oonr
11,727
47,436.
current
Exchange loss on: prbfit3) --">
sold to, the under*,
i
$132,859
8,862
.
$154814
$150,568
,
Net profit; /.—/.////;
Depreciation'
Net.
t
Net
on
.
,
YEARS
!
'
PURPOSE^The
»»
.
The principal subsidiary is. Spring Valley.. Water
f
Fed.
*1944
!
1976.
exchangeable
Interest
Fed.
1943
•
Fiva other bids,, each naming a 2%%
coupon,/were received./They
Blyth & Co., Inc., 104.41; Dillon, Read &
Co., Inc., 104.1399;
White, Weld & Co.-,r 104.059;, Drexel & Co. and; Central Republic
Co.,
103,559;. and Kuhn,. Loeb. Co. and W. C. Langley &
Co., 103.3333,
Taxes
T
1946
»
1
were:
Operating
GossaE^
3 Mos. End. Feb. 28-
647,262
1566.
p.
Qs.)-^-Larger
v
.
474,951
art &
-
/rate
1943
$2,898,481
l,020,6t3.
EARNINGS FOR CALENDAR
(Akron^
,r!
T83:,
1944
$2,973,889
was,
,-
/The directors;-oil.March: 25 declared a. dividend of 75 cents per. share/
on
the. Common stock,- payable June. 13 to holders of record. May 15.
This compares 'with. 50 cents/per/share-previously-paid.each, quarter. •
-^-V.
1945
.
changeable.
/.:X.^"/'-'l-v
;.
.
bonds,
1565.
pi
RR.—Earnings—
Month.QfFebruary—
1946
railway—$2,831,173
Net, from, railway—653;189
Net ry. oper. income—
210,350
..From-Ian. lr-* i ..'
Grose from railway——
5,676,526.
Net from
railway,—;^/ J,352,190
,
inations
Co^—Larger Dividend—^
Globe-Union, Inc.—Registers with. SEC—
■/...,/
163,
denom., of $1,0Q0 registerable as
tared form in the denom., oft $1,000 oh
Looking toward the introduction, of- its stock to thf\ public for the
first time,
company; filed
March 27, with the SEC a registration-,
statement covering 120,000 shares of capital stock, of which 81,000:.
shares are to, be sold by. certain'stockholders and the balance by the"
Company!
The underwriting is to be beaded by Goldman Sachs &
The
1961.—V.
Gross from
(
Co.
1,-
Gull Mobile & Ohto
■
pany.
/The dfrobtors have- declared, a- quarterly dividend' oft- 3tt tents per.
share on the common, stock, payable April 25 to holders of record
Aprfh lR/'Thr/cQmpan^ pMn 28 center quarterix^ in? the "two/previous;^
quarters, and an. extra -oft: 35 cents was also paid in December, 1945/
In July/April and January,
1945, 20 cent's quarterly was paid.—
v; 162,/p. 281T.
k "/
'
batteries,
maturing Jam
the
./y^.,-s: :>
a;
^present source of the raw. material, for preliminary processing, and;
ah Bayonne, If. J., for the final processing.
As a site for the Bayonne
•cattle-feed product
the
R,
,
Sbuaresr^.-v'
-r
series
//>
1,091,12Q '1,111,674:
429779
549,708:
108,857. • >'■ 178,31)9;
,
2
,
morcgage
of
city
%/ 7//1''1 */
-
<■
49,777.
.
-Obmpaoiy has'issued invitations, foe bids-to be considered' April
for.a proposed offering of $25,000,000 in new- general
pany were
production.,* He came to Chevrolet
wide background of experience
a.
66,474
j
283,543
Gerity-Michiffaii Dte Casting: €(K^ XXetrBit—Registers
;
r
"Charles- J. French, former director of the war products information
service of the Chevrolet Motor Division,- has been appointed Advert
With
213,898
,
Chevrolet—
in connection
:
1943 : ?
$563,676-
•
43O,0.Q0,
Advertising .Mgr.- for-
Corp,—New
.
From Jan. 1
.
163, p. 1565.
General
\
'. 212,599
243,429
-
t
V$331,997;
■
_
64,811
,
r
534,692
$371,834
-
252,562
■
'
$540,050
.
/
- -
ry., oper. income^—
1944
$576,646
Gross ,from railway,—.
960(515,: X.16%'641
Net-from, railway^../.^
278,792508,324
Net fy. oper. income!.^
122,478
136,668
—V. 163, pp, 651, 1158; V,. 159, Pi 935.
■
2,098
619,968;
$352,3:13
"^315,397
Net
$868,787
•
.1-945. / ;
•
a
,
.
•-
538,519
511,400
,
Net'income
\
'.f 539
r
•/:.•
excess:
profits taxes
$1,003,110Drl34,322
$992,110."
1,208
$892,258-
' '1946
•
from
railway...^ /;•/ $476,992
Net- from -railway.
144,013
60,075 "
44,071-
->
$827,536
Gross
Great Northern: Ry.—Invites Bond Bids—
.
Month of February— /
-
Y,059*880^
$792,142- / $848,187'• J $932,035
—
Total income
; Georgia
$2,419,086 $2,Q62i9904
1:487,081/ ;
$2,398,111
1,549,925.
7.%
cum.
Common
&
Authorized
bonds,'series: A 31:%,%
due
stock
A stock
(par $25)
;
/
.
v
1
class
$15,000,000.
\
1974
preft:
Outstanding
*
.
Supply Co..
t
v
■
-
'
'
'„
500,000
7 l.Bi.flfD shfu
None.
(par' $25)___^./____„_l_' '
'
7
800 000 shs/ -// 307,500 shs
*Maximum. amount, unlimited,, except by
reqjiiremente as to, pronerft
additions, net? earnings, etc. in, first mortvag? dated March 1,. 1946,. he
tween the company and Hudson. Trust- Co., trustee-, tMaximum amoun
;S-
UNDERWRITERS—The
<
Inc.
?
&
Wm. E.
Co.--— 1,500,000
1,500,000
Co., Inc
Gregory & Son, Inc.—
R.
100,000
Hanauer
B.
&
Otis & Co.——_
—V.
163,
—
Plate & Film Co., St. Louis, Mo.-—Stock
Offered—Stifel, Nicolaus & Co., Inc., St. Louis, recently
offered to residents of Missouri only the unsubscribed
subscribe for
V;'Company also
500) at
right to
34,265 shares at $2.30 per share.
■
will sell to certain persons 30,000 common stock pur¬
and
agent
.Transfer
and
purchase of 30,000 additional shares
stock.
;
•
.
registrar, St, * Louis Union Trust Co., St.
and, through an
Delaware
in
EARNINGS
-
FOR CALENDAR
-
'■
.^4044
$48,001
"'27,538
$31,000
None
"
None
54,811
37,844
513,035
;
$|g43
..
241,318
638,347
570,303
-
1941...——..
41940^
*77,742
292,308
:
"•1942—•
.
Inc. Taxes
$624,830
■>
.
83,401
74,850
.
AND
DEBT
CAPITALIZATION
1
4% note payable--——
—
.Capital stock (.par 50 cents)—.——*30,000 shares reserved for issuance
chase warrants.
:
v.
PURPOSE—Net
stock and
ferred
proceeds
will
the remainder
—
'...
*
;
Operating
Operation
sold
transferred.
advance such funds
up
to
eight,
the
under
as
"Industries
are necessary
has agreed
for such purpose
and
other
trademarked
and
special features.
Its cruisers will
"PT Jr.," and will range from
55
sailboats,
'
propulsion have been fully
developed and pilofr models built and tested. - As to > boats with in**
board propulsion; the speedboat; runabout and utility boats have been
fully engineered. The 17-ft. utility, the 17-ft. runabout and the 23-ft.
engineered.
The 17-foot utility, the 17-foot runabout and the 23-foot
utility boats have been built in pilot models and tested.
No pilot
model has been built for the 19-foot boat, but the engineering is the
same as in the 17-foot boat and no production of this model is con¬
flush deck.
All
16,477
templated
1946—12 Mos.—1945
.$682,770
426,296
29,019
•117,035
114,308
$113,144
1,804
609
$110,677
11,777
$13,505
$122,455
boats
without
for a year or more.
ha£
inboard
r
1
\
-
engineered and an experimental model
is feeing built and will be completed -hi about a month. ' A pilot boat
32 feet in length has been engineered in such a way as to fit boats
from 30 to 34 feet and a pilot model is under construction,
to be
completed within a month.
As to the 40-foot model, tank tests have
been completed to determine the type.
Final engineering is taking
place, but has not been completed and construction of a pilot model
will .start shortly.
As to the 45-foot cruiser, preliminary hull con¬
struction engineering has been done, hut actual construction may fee
delayed for the time being.
The same applies to the 55-foot cruiser.
It is reasonable to suppose that some or all of the.above lines will
be expanded to include other models. <
*
"
'
x ?
t
The
company
will take
over
from Industries certain orders for
pleasure craft.
No definitive prices for pleasure boats have yet been
established^
Therefore all of such orders are subject to satisfaction
pre¬
34,569
of
The 26-foot cruiser
$382,098
114,000 shs.
459,828
'•
models
$121,959
Retire, reserve
•
also
8,814
expects to take over
Brazil and Canada.
contracts
2,916
2,916
35,000
35,000
$9,333
$10,588
/
45
$87,455
$86,959
572
510
$10,543
$86,883
$86,448
71,253
61,425
accruals
income--
—
Interest charges
\ Net income
J
Dividends
-V.
163,
47-
;
$9,285
—-
declared
p.
under "Regulation
A
of
the.
under the Securities Act of 1933,
rata, approximately 100,000 shares of common
stock at a price to be determined on the basis of the market condi¬
tions prevailing at the time the offering is made.
It is anticipated
-that this offering will be underwritten by bankers, among whom will
be
Sulzbacher,
Granger &
Co.,
of which Jeffrey S.
Granger, a
director of Harvill Corp., is a partner, and Nugent & Igoe, of which
firm Harry Miller,
a director of Harvill Corp., is a partner.
It is
expected that the underwriters will agree to purchase any shares of
common
stock not purchased by the stockholders and that they will
resell such shares to .the public, including, perhaps, some members of
>the corporation's present management.
— This plan will provide the company with desired permanent capital
to
stockholders,
the
at
and
pro
time
offer
stockholders
opportunity to
their holdings in the company.—See V, .163, p. 1427.
an
•
agreed
shares
Company has filed a registration statement with the SEC covering
shares of common stock ($5 par).
The stock will be offered
publicly at the market price on the date of the offering by an under¬
writing jgroup headed by E. W. Clucas & Co. and H. M. Byllesby
Co.,' Inc.
company's
The
The
shares
outstanding
,of
;
the
stock is listed on the New York Curb Exchange.
being registered constitute approximately 35%
of the
stock of the company and represent part of the holdings
controlling
stockholder.
/
. Company
operates department stores in Manhattan, the Bronx and
Newark, N. J.
Sales for the fiscal year ended Jan. 31, 1946 amounted
to, over $26,000,000.—V. 162, p. 10.
J.)
(C.
Hendry Co.,
with SEC—
San Francisco,
Calif.—Registers
-
-
v
Company on March 20 filed a registration statement with the SEC
for 24,000 shares of preferred stock, 5V2% cumulative
(par $25).
the public $25 per share.
Proceeds from sale of preferred
of $750,000 10-year promissory note will be used with
other funds to pay in full $1,789,063 of, temporary indebted¬
ness incurred to complete the purchase of
outs'tanading capital stock of
predecessor. First California Co. is named principal underwriter, v—vj
Price
Stock,
to
and
$499,063
New
Co.—Listing of Voting Com. Stock—
York Stock Exchange has authorized
the listing of
1,355,-
is
using
&
direct
Nashville
Industries
of
portion
a
rental
a
fixed
the
presently
directors
Controller,
to
issue
for
RR.
Defense
at
plant
of the Michoud
3% of the gross
the
negotiating
rental
with
is
still
view
a
to
v
and
for
Lester F.
and
articles
300,000
subscribed
assets
stock
mon
valuation
the
of
of
shares
by
Alexander,
incorporation
common
of
stock
itq. common
Director.
authorize
(par
'
com¬
$1).
Company
and
property
stock
(including
the
to
be
(par $1)—
Outstanding
1,200,000 shs.
2,000,000 shs.
issued
of
par
amount
in
$10.10
part
payment
share,
per
value thereof,
of
$9.10
per
is
be
to
share
for
which
of
is
to
com¬
property will be issued at a
the amount of $1 per share,
credited
be
to
credited
capital account and
to paid-in surplus.
respect of the 900,000 shares being sold to the under¬
writers at $10.10 per share, the sum of $1 per share is to be credited
to capital account and $9.10 per share is to be credited to paid-in
in
■surplus;:'
The transfer agent for the common stock is Guaranty Trust Co. •
of New York, 140 Broadway, New York, N. Y., and the registrar is
Bankers Trust
Co., 16 Wall Street, New York, N. Y.
PURPOSE—The
the
sale
of
the
net
proceeds
900,000
shares
to fee received fey the company from
common
stock hereby will be ap¬
of
proximately $9,041,620. Of such net proceeds, it is presently estimated
that $4,131,405 will fee used in part payment for the assets and
property to be acquired from Industries.
The balance, amounting to
approximately $4,910,215, less the amount needed to repay Industries
for advances made to the date of closing, will be available, pending
specific allocation
thereof, and according to present estimate, for
general corporate purposes. <
<
•
■
~r
UNDERWRITING
ARRANGEMENTS—Company
entered
into
an
agreement with Weil & Co., New Orleans, La.; Kobbe, Gearhart & Co.,
Inc., New York, and Newburger & Hano, New York, whereby the
company
appoints the underwriters as its agents for sale to the
public of 900,000 shares of common stock.
There is no firm commit¬
ment on the part of;the
underwriter^—y. 163, p; 1566*
.
.
Ilollingsworth & Whitney Co;—Stocks Offered—One
of New England's long-established paper manufacturing
companies is issuing securities to the public for the first
time iri its 'kistory witlt the;Offering March^^
shares $4 cumulative preferred stock, (no par)
by' an
underwriting group headed by Harriman Ripley & Co.,
Inc. and Paine, Webber, Jackson & Curtis.
The shares
were
priced at $105 and accrued dividend from April 1,
Common Stock Offered—^Simultaneously with the of¬
fering of the preferred stock 12,594 shares of common
stock (no par) were offered at $30 per share by Paine,
Webber, Jackson & Curtis and Harriman, Ripley &
Co., Inc.
Dividends on the $4 cumulative preferred stock ere: payable quar¬
terly on Jan, 1, April 1, July 1 and Oct. 1 (cumulative from April 1,
1946), Preferred stock is subject to redemption at option of com¬
pany as a whole or in part at any time upon not less than 30 days';
notice at following amounts per share plus accrued divs. to redemption
date: $109 on or before March 31, 1951; $108.50 thereafter but on or
before March 31,
1953; $108 thereafter but on or before March 31,
1955; $107.50 thereafter but on or before March 31, 1957; $107 there¬
after but on or before March 31, 1959; $106.50 thereafter but on or be¬
fore March 31, 1961;; and $106 thereafter.
Preferred stock is likewise
subject to redemption through operation of the annual retirement fund
at following amounts per share plus divs. to redemption date: $107 on
or before March. 31,
1953; $106.50 thereafter but on or befbore March
31, 1954; $106 thereafter but on or before March 31, 1955; $105.50
thereafter but on or before March 31, 1956; and $105 thereafter.
originated and pro¬
Company is to set apart as a retirement
1949
and
of each
year
fund on or before May 1 of
thereafter a sum sufficient to redeem 2Vsi% of
$4 cumulative preferred stock theretofore
the total number of shares of
issued.
Company
may
surrender for
credit against this
requirement
May 1 of any year shares of $4 cumulative preferred stock
purchased and held in the treasury.
The amount set
prior to
theretofore
any year, less the amount of such
the redemption of $4 cumulative preferred
apart, in
to
ceeding
July i.
credit, shall be applied
stock on the next sue-
-
f
>
1
»
Transfer agents: (a) For the $4 cumulative preferred stock: Boston
Safe Deposit and Trust Co., Boston and Manufacturers Trust Co., New
York; (b) For the common stock; Boston Safe Deposit and Trust Com¬
pany, Boston,
COMPANY—Business is primarily the manufacture and distribution
'
'•
wide variety of essential economic uses. The quality of
products results from craftsmanship acquired through 84 years of
manufacturing experience applied to the operation of integrated, exten¬
sively equipped pulp and paper plants located in Maine and Alabama.
Company was incorporated in Massachusetts Feb. 24, 1882, succeeding
a
partnership formed in 1862 by Ellis A. Holllngstforth, whose family
had been paper makers since early in that century, and Leonard Whit¬
of papers for a
its
ney, Jr., an established bag manufacturer.
ated a paper mill in South Braintree and
Massachusetts.
In
1876 paper
The partnership lirst oper¬
a bag factory at Watertown,
mill operation were commenced at Gar¬
been discontinued. In
at Winslow, across the
Kennebec River from Waterville, Me.
In 1909 the company completed
a
groundwork pulp mill 25 miles north on the Kennebec at Madison,
rv Me., which it has operated since that time.
♦
'
;
In the fall of 1940 the company's new Southern pulp and paper mill
on the Mobile River at Mobile, Ala., began the production of pulp and
in Jan. 1941 its paper machines were in production.
PURPOSE—It is estimated that the net proceeds will be $4,637,781/
These net proceeds will, in the first instance, be added to the general
funds of th company, to be available for general corporate purposes.
Company intends to use approximately $1,350,000 for Improvements of
its manufacturing facilities in Alabama, including improvements to the
water system, installation of filters and treatment equipment, additional mains and pumping station to increase capacity for high bleach
pulp (approximately $1,250,000); a crawler crane and locomotive crane
for wood handling in its mill yard (approximately $70,000); and for
extension of its mill yard, including grading, drainage and an addi¬
diner, Me.
Operations at these plants have
1893 the company began operations in its mill
•'
tional
sidetrack
The
company
(approximately $30,000).
Intends to use
'
approximately $650,000 in connection
including improvements to the power plants (ap¬
proximately $200,000); In addition of 100 tons per day to the bleach
plant capacity (approximately $350,000); and replacement of and im¬
provements in stock preparation machinery and equipment (approxi¬
mately $100,000).
' \
'
;*
•''
The company intends to acquire additional woodlands in the South
from time to time as favorable' opportunities occur and for that pur¬
pose it is estimated will expend approximately $500,000.
^
with its Maine mills,
•
Hercules Powder
The
by
Authorized
with five
will take over from Industries
>
the property known as the Industrial Canal Plant.
This plant is
built upon land leased from the Board of Commissioners of the Port
of New Orleans under an original and three supplemental leases.
The
"original lease, covering 21 acres, was made March 20, 1942; the
first supplement, for 4'/a acres, was made Feb. 17, 1943; the second
supplement, for 6 Va acres, was made Oct. 14, 1943; and the third
supplement, for 6 acres, was made Jan. 6, 1945.
This lease and its
supplements expire Dec. 31, 1966.
The aggregate rent reserved was
$275,000, of which Industries, up to Dec. 31, 1945, had paid $196,400,
leaving the balance of $78,600 to be paid by the company, at the rate
of $3,750 per annum for the next 20 years, that is, until Dec. 31, 1965,
and $3,600 for the last year.
The lessee has the right to remove all
improvements
on
the • termination of the lease.
In addition, the
company will
take over from Industries eight permits pursuant to
which Industries constructed certain wharves, docks and other facilities
which are integral parts of the Industrial Canal Plant.
The land has been improved with numerous buildings, docks and
other structures, including the manufacturing buildings having a total
floor space -of approximately 655,000 square feet.
Most of this property
is paved.
The construction of the principal buildings is steel and cor¬
rugated sheet metal.
/ :
' V
Industries has been performing certain Government contracts in the
property known as the Michoud Plant and, during the way, operated
stich plant in the production of war materials.
The main manufac¬
turing building at the Michoud Plant, which is air-conditioned,' con¬
tains over 40 acres of floor space under one roof.
It is one of the
; largest
industrial buildings in the United States!
It is of modern
...steel frame construction, about 1,700 feet by 1,100 feet, with a rein¬
forced concrete mezzanine floor about 120 feet by 1,400 feet.
Other
Louisville
canal
Canal,
has
By resolution of the hoard of directors, the 300,000 shares of
others.
PROPERTY—Company
the
similar
incorporators), in part payment for
acquired by the company.
Com¬
pany has
agreed to sell through the underwriters an aggregate of
900,000 shares of its common stock.- Giving effect to the foregoing
transactions, the capitalization of the company will be as follows;
OTHER PRODUCTS—Company intends to produce and sell a variety
other products which include flame steel cutting equipment for use
in shipyards and other heavy steel industries; water purification units;
amphibious commercial equipment designed to carry heavy loads both
through water and over land, incl. marches, steep grades, jungle and
underbrush where ordinary vehicles cannot penetrate; pumps, steering
devices; marine toilets; control units, etc.
Working units of these
products have been developed.Some or all of these products are
or
may
be highly competitive.
Marketing or selling methods will
vary with the type of products and remain to be determined.
AND
Industries
Whanger,
the
of
PLANT
100,000
and
tised, by
increase
Hearn Department Stores, Inc.—Registers with SEC—
,,
v ■
same
K.
certain
which
inches
long by 5 feet 10 inches wide and 18% inches high, which contains
a tent so constructed that, when, the trailer cover is lifted, the tent;
raises, producing a complete camp outfit with sleeping accommodations
for four persons and other necessary equipment.
Company has taken
over this
trailer from Industries.
They will be sold largely through
existing distributors and/or dealers in automobiles, automotive products
and farm implements, and it is anticipated that they will be sold at
a
price of approximately $350 net to the company. ;? Application for
patent protection of design and mechanical features has been made.
This field is highly competitive and similar trailers have been adver¬
Securities and Exchange Commission
on
portions
to issue 2,000,000 shares
has
FLOATING EQUIPMENT—The company expects to
a wide variety of commercial craft,
largely of steel construction,
including tug boats, barges, ramp type landing craft, cargo carriers
! AUTOMOBILE CAMP TRAILERS—Industries has
of
and
lease
other
CAPITALIZATION—The
pany
duced prototypes of an automobile camp trailer of special design
consists of a light-weight mietal body approximately 7 feet 6
Stockholders 1o Be Under¬
Offering
contemplate
directors
,
;
occuping
On
negotiated.
Julian
under 2,000 tons, dredges, exploration craft for oil companies, fishing
boats, etc.
-
1159.
Harvill Corp.—Offering to
written—
— The
.
line
of
ship
principal executive officers of
follows:
v
■,
\
•.
President and Director; Andrew. J.. Higgins, Jr.
Vice-President and
Director; Frank O. Higgins, Vice-President and
Director; Morris Gottesman, Secretary and Treasurer and Director;
COMMERCIAL
and
a
company are as
Andrew J. Higgins,
.
Company
by
Industrial
the
as
dealers in Mexico, Panama,
been
MANAGEMENT—The
company
contracts
the
waterways."i The plant
constructed
were
building
south
with
including equipment,; in excess of $30,000 000,
owned by the Reconstruction Finance Corp.
,
temporary
therefrom.
being
franchises
and
'
Gross
a
main
the
on
connects
leasing all or a major: portion pf the Michoud Plant -on a permanent
offer
Balance
has
under
sales
to price and some or till of them may lbe canceled.
expects to take over presently existing contracts with,
to, 125 dealers, who in turn have presently existing
with 114 sub-dealers in 42
States and the District of
of buyer
The
been
%
cost,
a
presently
are
Industries
Plant
the
engineering
an
bounded
intercoastal
facilities
at
and
is
which
the
with
plant
Corp.
building;
property
long
of
part
a
connection
"•These
name
accommodations
offer a line of
18 and 28 feet long, each in two models,, trunk cabin or
to
Columbia.
operating revs.—
Non-operating inc.—-Net
to
contracts
and
process
feet, having various types of cabins and
for from 4 to 11 persons.
Company also expects to
$12,895
—.—-
Net
such
is $4,131,405
(including the
underwriters,
in
26 feet
$12,250
Taxes—!
the
capacities
be
10,632
Maintenance
for
consideration
executory contracts
acquisition, to be paid
process,
design will be fabricated by in-line production methods.
company expects to produce nine models of boats without in¬
propulsion.
Its inboard runabouts and utility craft will range
from 17 feet to 23 feet, having various types of cockpits, with seating
$10,445
2,893
in
The
$722,101
47,652
work
board
$64,184
37,468
vi 2,298
11,521
$71,623
revenues
——.—
of
on
of standard
under the terms of stock pur¬
k "\
1946—Month—1945
composed
The
was
acting
company plans to offer a line of pleasure
ranging from eight-foot, dinghies without power to 55-foot
motor
yachts.
Pleasure craft, up to and including 30-foot motor
yachts, will be fabricated of plasticized bonded wood.
Above 30 feet,
such craft will be of standard plank construction.
All pleasure craft
Haverhill Gas Light Co.—Earningsperiod Ended Feb. 28—
made in
was
PLEASURE BOATS—The
*27,538
*77,742
28,590
37,006
be used to retire $29,590 5%
will be added to working capital.
Offered—Mention
boats,
Outstanding
*200,000 shs.
rail
<
tion, it will produce certain other minor products.
(AFTER FINANCING)
Authorized
forming
The
miles
Likewise,
period ended Oct. 31, 1945.
FUNDED
five
being the
(Nine
months'
about
BUSINESS—Company began business on Feb. 1, 1946, at which time
certain of the assets were transferred to it by Industries.
The prin¬
cipal business activities of the company will be the fabrication and v
sale of boats, including pleasure craft and commercial floating equip¬
ment.
It will also manufacture automobile camp trailers.
In addi¬
$17,001
4,200 *
20,677
163,
.
administration
construction.
the cash purchase price.
These monies have been used for meeting
payrolls, purchase of materials,, overhead and other operating expenses.
months* period Dec: 31, 1940.
tPlant was almost
^completely destroyed by fire Feb. 3, 1943, and loss of $77,742 is after
use
and occupancy insurance recovery amounting to $47,174.
ITen
":;*Loss.
stock.—V.
»
brick
Common stock
< '
Net
Income
Prov. for
Inc. Taxes
'
Monday, April 1, 1946
;
(
buildings include a modern air-condifioned building in which Industries
is
presently producing plasticized bonded wood; a sawmill of steel
and
corrugated
sheet metal
construction;
a
two-story
frame
and
As of Feb. 28, 1946, Industries had ad¬
vanced to the
company the
amount of $363,940.
This amount, as
well as the amount of the advances subsequently made, will be repaid
to Industries on the date of closing, in addition to the payment of
;i
1
-
:
Before
Net Sales
common
to the date of closing.
up
YEARS
Net Income
-
<"* >•
•—
Higgins,
Industries
to continue
:
depreciated balance of $382,098.
of
work
a
^purchased from other manufacturers and the cutting of this film in
.various sizes for use by portrait and commercial photographers, the
sensitizing of a special type of photographic film for use in the
various processes of photo-mechanical reproductions, such as offset
printing and rotogravure: the sensitizing of a complete line of glass
photographic
dry
plates
for, use
with commercial reproduction
processes, especially in lithography and rotogravure; the production of
a
complete line of dry plates for use by portrait, commercial and
passport studios and a dry plate used by the aircraft industry in the
making of templates or patterns by photography, as well as the uiuuulsycture of bulk photographic emulsions used in this process; and the
boating of high contrast sensitized paper for* use by offset printers/
An PROPERTY—The
company's general offices and plant are located
'at 2711 Miami St., St. Louis, Mo., in property owned by the Defense
Plant Corporation, under a lease which provides for an annual rental
:df 7% of sales up to $1,500,000 and 5% of sales in excess of such
/nriiount.
Under the terms of the lease, the company has an option
to" purchase the facilities on the basis of the total cost to the Defense
Plant Corp. less depreciation.
The total cost figure amounts to $430,649; accrued depreciation as of Dec. 31, 1945, will be $48,551, or a
net
<
and 300,000 shares of common
stock of the company
shares subscribed for by the in¬
corporators).
Industries has advanced to the company such amounts
as
have been needed from
time to time in order to carry on the
April/1,
acquired
.incorporated
was
exchange of its securities,
J.
inventories.
ahd
business originally established in 1890 under the name
Hammer Dry Plate Co, which was then in process of, reorganiza¬
tion in the Federal Court*
A
..
«
,y; The
business of the company consists of the sensitizing of film base,
assets of
of
issue
,
simultaneously with the closing of the agreement between the company
_
BUSINESS—Company
AND
HISTORY
-the
-
Andrew
assets
"
1940
,
which
incorporated in Louisiana Jan. 9,
behalf of himself and his asso¬
ciates, was instrumental in its organization.
Company is not to be
confused with Higgins Industries,. Inc., now in statutory liquidation.
A:
The company has entered into an agreement with Industries, pur¬
suant to which there were transferred to it on Feb. 1,
1946, certain
of authorized but unissued common
,
additional
this
ORGANIZATION—Company
1946.
providing for the
warrants
chase
(of
900,000 shares of
common stock (par $1) at $11 per share by Newburger
& Hano, New York, Weil & Co., New Orleans and Kobbe,
Gearhart & Co., Inc., New. York; $• The issue, it has been
announced, has been oversubscribed.
/"Hammer Dry
portion of 45,470 shares of common stock (par
$2.30 per share.
Stockholders were offered the
stock
par)
issue of March 25 of the offering of
our
\
s,
,
with
•
Higgins, Inc.—Stock
2,500,000
400,000
L. P. Rothschild & Co—
(
(no
;
Plant
1,500,000
1566,
p.
connection
in
p. 1566.
Pressprich & Co._ 1,500,000
W.
common
be
100,009
-
Thomas & Co.
Homblower & Weeks—; 750,000
of
voting
be issued to voting common stockholders arid
reserved for issuance in exchange for an equiva¬
shares of non-voting common stock), in effectuation
will
two-for-one split-up. of the issued shares, making the total
applied for 2,711,336 shares of voting common stock.
No change will be
made in the aggregate capital of the company
Pollock & Co.,
Inc.
;
900,000
Co.—
J.
FINANCIAL CHRONICLE
of : a.
Perrin, West & Winslow,
Inc.; i———-—.--4 $100,000
—$4,150,000
—
Bear, Stearns &
Blair
number
lent
of the several principal underwriters
underwritten are as follows:
''
Halsey, Stuart & Co.
9,320
names
of
shares
1,346,348 shares
shares will
earnings,
and the respective amounts
additional
668
except by requirements as to property additions, and net
etc., in first mortgage dated June 1, 1944, between Spring
Valley Co., and-New York Trust Co., trustee. 1.
\
unlimited,
:
■
THE COMMERCIAL &
1728
'
'
■■
■
The
for
balance,
amounting
general working capital
to approximately $2,137,781, will be used
funds to carry increased inventory and acn
$
quently increased to $2,250,000).
!
EFFECT
GIVING
CAPITALIZATION
:
-
<
$4 cumulative preferred stock, (no par)
Common stock (no par)
—
.
UNDERWRITERS OF PREFERRED STOCK—The names of the pre¬
underwriters and the number of shares of preferred stock
follows:
Which each underwriter has agreed to purchase are as
'
»Shares/
Curtis
Harriman
Ripley & Co., Inc.
10,000
Kidder, Peabody & Co.——
4,000
Stone fe Webster Securities
4,000
Corp. -——-c——.—
Shares
'
Estabrook & Co
10,000
—
*
mon
:.v.
..
.
tAs
of
arriman
&
CONSOLIDATED
Ended
Years
sales
Gross
Dec.
$17,822,803 $15,939,463
Feb.
the
profit
Operating
Other income,^
:
$1,287,514
—-
290,595
—~
Totkl:income
192,230
,
$1,423,733
139,676
131,243
415,000
410,000
251,183
Consolld. net inc. excl. of tax redes.
V—V.
163, p. 1285,.~
.
590,946
■
$730,584
722,403
' •'
Chemical
flood
California
of
Products
facturing,
the
the
by
salesmen
Arizona,
basis
Company
shares of
stock
common
by
company's
'
total
authorized issue
of
Val
in
other
SUMMARY
tvUii
OF
EARNINGS
•2N.V-
5£-T
3" Mos. End.
>,t
•* £
:
1944
Co. for
Net
allowances
Total
on
— -
$2,414,318
$1,032,256
$1,035,126
1,173
10,678
5,386
6,471
$157,913
$2,424,996
$1,037,642
$1,041,598
v
———
Cost of goods sold
134,499
1,990,023
808,698
828,550
Gen. selling & adm. exp.
Int. on loans fr. share¬
34,896
227,468
192,564
143,851
holders and associates
1,201
12,960
6,868
5,418
Income
taxes
roni,
Excess
profs,
Post-war
.
taxes—
7,154
138,196
refund
Net profit fcr period.
•Loss.—V.
163, p.
*$12,683
4,312
2,92152,671
33,034
Cr3,303
*$49,192
Cr5,267
$13,451
►$4,532
1285.
of
Products
noodles
including
$32,003.
Co.—Prior
for
other
California
Conserving
its
on
commission
States and
a
result
the
of
succeeded
to
Pursuant
stock
two
June
complete
products at
the
as
of $176,806.
30. 1945, were
spaghetti, maca¬
plant in South San
of
its
"
on
:
';
Jan. 3,
j.
/' /
,:;
1946 dis¬
posed of- $2,000,000 20-year 3.90 %: sinking fund deben¬
tures series A due Dec. 1, 1957 of an authorized issue of
11,768
2,066,034
$1,422,998 t$2,329,220
$3,008,021
$$1,826,603
include
to
income
from
-Indiana
and
Gulf
excess
&
Ship
Island
tNo
profits taxes.
RR. tAfter providing'for
provision has been made
of
the
1945
$904,051
370,196-
1944
'EE 1943'' -i'
$874,368
$713,422
83,466
118,104'
/ 99,663
J 946
$712,272
;
p,
1428.
share
of
issued
1,450,9.60
785,951
780,819
619.083
234,699
238,392
230,767
1,894,226
404,164
-.182,896
-
-
'
.
,
and
the
its
stock
common
stock
company
p. 780.
and
97,390
shares
of
name
name
quarters
books
of
the
based
be
Guggenhime
and
exaporated
combination
any
of
estimates will
book value
company
of
as
dried
or
and
also
the
an
at
estimated
date
same
supplies at
31,
1946,
after
audits
at
cost
maximum
market
or
cost
of
estimated maximum
an
prices,
$625,000.
cost
and
proceeds
and
of
raw
$125,000
(estimated
at
betterments
of
plants
facilities
and
-
the
to
general
funds
fruit
division
which
will
it
th^Guggenhime business.
the
number
of
shares
of
obtain
;
as
a
result
the
are
as
Preference
Shares
Elyth & Co., ;lnc.
Sachs
Shares
^
15,000
Carl M. Loeb,
Pacific
E. H.
Co.
of
Rollins
Securities
-
President
Workman,
California
___
10.000
_
/
-
J'
E:, None
Canadian
Hill
&
Richards
&
4-
&
5.000
j
Co
Co.
None
and
of the Federal
organization
Lester &
T.
of
&
T.
and
President
of
the
Federal
Telecommunica¬
Smith,
R,' H.'
and
will have its
Inc., E. N. Wendell, T. M. Douglas and R. E.
FTR.
W. B. Levet, Assistant Secretary, and
Comptroller,
of
FTR,
have
named
been
Secretary
respectively,
St.
417
Peter
Electric
of
Street,
Manufacturing
5,000
^
v.,-'EE '
on
the
common
^
None.-.
"*1
None
.
and
5,000,;,
Exchange
EE f5,000
stock,
New. York
5,000-v
/
Henry F. Swift & Co.
»
The
•
E
Lawson, Levy & Williams__^_^_.
Schwabacher &
,
Interstate Home Equipment Co.; Inc.—Stock Off List
;
"10,000
Co.
Electric
r
5.000
Co.__._
Leib, O'Connor & Co._^.,_ii__
field
Ltd.,
„
Eichler
Cruttenden
,
the new company, which
Montreal, Canada,
will produce telephone, radio and
ether electrical equipment for customers in Canada
with Canadian
personnel, and its sales organization will be developed in the Dominion.
Only a few key personnel from the United States, needed to get pro¬
duction under way, will go to Montreal and they will be replaced by
Canadian personnel as soon as practical.
--Available to the Canadian plant will be the research, development
and engineering resources of I. T. & T. and FTR in the United States
and elsewhere throughout the world.—V. 163, p. 1429,
;?•', 1;
at
Federal
None
_
I.
Comptroller,
cffices
.
None
& Sons Inc
of
tion Laboratories,
50.000
Rhoades & Co.
Co.,
Vice-Presidents
E?.'; None
Corp
•
with headquarters in Montreal, as a wholly
Telephone & Radio Corp.
Officers
of
the
new
corporation
are
as
follows;
President, Col.
Sosthenes
Behn; Vice-Presidents,
Henry
C.
Roemer,
who is VicePresident of I. T. & T. and FTR; Harold H. Buttner, who is Vice-
None
Co...
system " into- <the
owned subsidiary of Federal
75.000
—
&
Barney «& Co.
corporation's
the
incorparlton
pleted for the
Manufacturing
follows:
•
of
the facilities of its domestic manufacturing
affiliate, the
Telephone & Radio Corp., was announced on March 28 by
Sosthenes Behn, President of I. T. & T.
Plans have beei com- ;
Col.
acquisition
Common
Name—
3192.
through
principal underwriters and:
preference stock and common
stock to be purchased by them severally,
phosphate mine, and
new
Federal
company
the
cumulative
a
International Tel. & Tel. Corp.—Expansion-
' 50,000
of the
of
of
double International's phosphate output, already the
The development will be called the Noralyn mine.—
will
largest.
Expansion
.
•
of
construction
500,000
>
.
names
immediate
at
corporate purposes.
If the option to
is exercised, the company expects to
allocate approximately $1,320,000 of such funds to the payment of its
commitments under the option, and to allocate an additional $1,000,000
(or more if necessary) to provide working capital for the company's
UNDERWRITERS-rrThe,
for
V. 162, p.
200,000
balance
1946, on the convertible
near
world's
*
4.260,796
that
on
April 1,
on
production
$776,704
" '
Interest Pay¬
Ware,
will
will be applied
$5,787,500)
—
announced
his head¬
Bartow; Florida, were announced on March 25 by Louis
President.
The plant is expected to have an annual capacity
of 1,000,000 tons'and is scheduled to begin operation July 1, 1947. - ' The plant will be built on the 2,000-acre phosphate property recently
purchased by the company.
The mine is considered by metallurgists
to be
one
of the richest phosphate deposits in the country and its
plant
be available for. general
purchase; Guggenhime & Co.
•
America—Reopens Offices in
Phosphate Project—
Plans
is
will
dried
Co. of North
'
payment of 2%
New
mate¬
and
general
intended
is
163;
,
.,
International Minerals & Chemical Corp.—Announces
May
whichever
its
other locations-.-..--.-^.
to
stock.—V.
commmon
*
3074.
inventory of Guggen¬
presently outstanding 6% "cumulative
preferred stock at $10.25. per share--—
(2) Additions and, betterments of plants
and
facilities
r^T/:/ocated:;(it;:: Hayward,: Oakdaie and Mountain View__
Additions
■
by
com¬
"of
(J) Redemption
(3)
par
1944, on presentation of debentures for stamping at
follows;
as
shares,
account of the interest due April 1, 1946, wiil
6% gold debentures,, due
the Chase National
Bank, New York, N. Y., First National Bank of Boston, Mass., or
Royal Bank of Canada; Montreal and Toronto, .Canada.—V. 162, p.
A
be made
fruits
words
Guggenhime'S: outstanding contracts..
assume
PURPOSE—The
.
$1
International Hydro-Electric System
aggregate
according
the
upon
May
it will also buy the finished goods
of
as
lower,
common
3,000,000
ment—
According to the terms ot the
(which
will
$570,000)
1946, and
hime
to
"Bill" Carr as Manager, is
A. Diemand, President.
Mr. Carr will make
in Hong Kong.—V. 163, p. 1567.
John
by
independent public accountants.
If the option is exercised the
pany will acquire and-take "possession of these assets as of
31,
authorized
newly
value
par
approved the split-up of 759,325 shares
so that each share will be changed into
E Reestablisjiment of the company's offices in' the Far East and the
Feb,
"Guggenhime."
the consideration
the
•
Insurance
I"./'"/
ACQUISITION
packing and selling
Guggenhime & Co.
processing,
approximately
to
without
shares
•
Far past—
its
of
purchase all the land, buildings, equipment, machinery and fix¬
tures, together with its trade names, trademarks, brand names and
goodwill, including the exclusive right to engage In the business of
including *the
shores. of
two
io
option
1,200,000
'
Ratified—
March 27 authorized an increase in the
par $1.
The stockholders also
of common stock outstanading,
26, 1946, the stockholders of Guggenhime & Co. (Del.), with principal place of business at 150 California
St., San Francisco, Calif., approved an option granted to the company
the
from
on
appointment of William A.
Guggenhime & Co.—On
under
Commission of Indiana,
;
Industrial Rayon Corp.—Split-Up
'
POSSIBLE
buying,
^
H
The subscription price is to be determined shortly be¬
offering is made.—V, 163, p. 1428.
'
The stockholders
two
shares, of
'
■
'■/;.V."
Conserving and assumed its liabilities.
preference stool?, 5% -series, to Conserving stockholders.
'
Commission'. '
S.
held;
shares
30, 1945, California
the company., As a
exist
to
;.'y V
1,789,734
1,466,547
the
For
97,390
ceased
P.
fore the
the company issued to the holders of common
shares of the company's common stock and
company's preference stock, 5%
series, for each
outstanding 48,695 shares of common stock of Con¬
the purpose of effecting this exchange, the company
of
the
serving.
Conserving
118,304
u''/ •' ■.
'
registration under the Securities Act of 1933, and the making
of an offer by the company, holder* of common stock of record March
29, 1946, or such later date on period of not less than 14 days, for
common
stock, (no par), to the extent of one share for each five
Nov.
into
305,488
376,570
effective
outstanding capital stock of
merged
was
.E/E/
192,607
railway—..
Contingent upon authorization of the P. S.
wholly owned subsidiary,
a
merger
Conserving
shares
Bateman,
company
10,298
1,925,215
Amendments to the charter to provide for proposed refinancing of
preferred stock and issuance of additional common stock have been
approved- by- stockholders. •''
,• »• ' %
v f
- .*■
•?'.
;
The company proposes to issue 120,000 shares of 4% cumulative
preferred ($100 par), in place of 140,691 shares of 5V<% preierred
outstanding, and 142,697 shares of common in additional to the 714 835 shares outstanding, i'The program now needs the approval of the
June
line
Inc.*-Effective
(Nev.)
the assets of
of
000 shares
stock at $35 per share.
Debentures Sold^-The
4,955
1,037,810
Indianapolis Power & Light Co.^—Holders Approve He-*
financing—
Products
Co.
($6.66% par)./The preference
income
from raiiway^_____
Net ry. oper.-income--..
the -company
Food
expenses,
ended
year
1945,
30,
of. Fontana
259,779
271,900
116,615 :
4,554
959,191
Net
.
a
47%
owns
merger.
all
to
of
Inc.
&
stock
139,784
From Jan. 1—Gross from railway....
;
real
property,
goodwill,
fruit, vegetables, citrus
name
"Val Vita" (except in
to
fiscal
paste
Conserving Co.,
Co.,
Sutro
common
$4,826,044
Net from*.railway±.
E
Net ry. oper. income^. '
70
all
operates Fontana
Company now
issue of March 25 of the offering by Blyth & Co.,
Inc., and associates on March 20 of 175,000 shares cumu¬
lative preference stock Series A 5% ($10 par) and 125,offered at par and dividend and the common
$3,992,833
8,598,837
Illinois Terminal RR.—Earnings—
Rocky Mountain,
Webster
was
251,460
$2,349,148
.
inc.___, f $2,650,564
oper.
Month of February— '
Gross
transaction was completed ..during the month of July, 1945.
In
September,
1945,
the company/acquired
an
additional 7%
of * the
outstanding capital stock of Rocky Mountain for a consideration of
&
stock
298,246
$8,331,835 $13,676,341
for anticipated wage increases.-^-V. 163r p. 1428.EE^
Rockv Mountain Packing «. Corp.—Company was • committed bn""5uiy
1945, to purchase approximately 40% of the outstanding capital
stock of Rockv Mountain Packing Corp. for- a consideration of $165,615.
Stone
our
4,040,756
111,968
139,188
deductions
Federal
canned
for
the.brand
manufactures
and
made
in
4,197,939
charges
/Net
,
flO,
Smith.
was
Miscel.
are
of
ry.
—V, 163;
consideration, including incidental
Fontana
Fontana
Goldman,
Hunt Foods, Inc.—Stocks Offered—Mention
-$6,659,055
2,239,155
Other income
-
of
—
consisting
operating
the outstanding capital stock
total
a
sales
It
$156,740
-—
purchs. etc.
26,857,281
$5,028,907
.
Joint
facility
E
(net Dr)„_
/ •Restated
ACQUISITIONS
trademarks
including
Francisco. .'Company
Sales, less disc., rets., &
Cash disc,
Food
all
$611,383.
Balance
1943
•
24,840,992
&
Net
Fixed
".-?v
-Years Ending Aug. 31—
1945
Nov.30, *45
E
»
.
.(4f^ Expenses (es^);ih ; conoectiop.;;with/l)R issuance "of.
preference and pommon Jstocks//L/l-i™//^_/-,L'
fr#
1946— 2 Mos.—*1945
12,957,186
,
.
•
Fontana
and Pacific
of the capital stock
are
cities
Calif.,
and
Juices,
Fontana
rials
mately $865,000 will "be available for general corporate purposes.
Food Products
Fontana
from
revenue
Equip
in California, Oregon, Wash¬
Idaho,
Colorado,
Texas
and
brokers
137
various
Fuilerton,
recipes
purchased
1,000,000 shares.
Portage Transportation Co., $10,000 to purchase two new bulk chemi¬
cal trailers, $50,000 to purchase the factory if determined upon by the
board of directors;
The remainder of such net proceeds, or approxi¬
$180,333
and
11,822,700
railway operationsRailway tax accruals
(3)
merger
This
PURPOSE—Of the net prooceds
(approximately $1,025,000) It is
presently estimated that approximately $25,000 will be used to replace
already expended to defray costs of designing packages, de¬
scriptive folders; radio recordings, $45,000 to purchase the new pack¬
aging machines already ordered, $12,000 to purchase five trucks from
expenses
Net
Vita Food - Products—-On Feb. 19, • 1943.;company purchased for
from Val Vita Food Products, a partnership, its canning
formulae,
.com¬
funds
$387,155
'
/ $619,176
Inc.,
1946—Month—*1945
revenues
oper.
rents
organization,
operating principally
New
Mexico,
Utah,
approximately
elsewhere
.$1,020,000
plant
at
there will be outstanding a total of 700,000 shares of common stock out
of a
94,134
$16,851,607 $19,616,241 $33,172,827 $40,533,622
oper.
_
also owns 47%
sales
RECENT
offered,
now
and
by
throughout the United
;by .70 brokers .located in various foreign' countries;'
Nov.
205,000
$446,518
tHunt Foods,
Inc.
Railway
On
products of the compariy and its Wholly owned subsidiaries
Louisiana,
27, 1945, the outstanding stock
consisted of 600 shares of capital stock (no par) of which amount 200
shares had been purchased by Kenneth P. Dietrich for his own account
and six other individuals in November, 1945, for the sum of $112,500 or
$562.50 per share, being the then approximate book value of said
shares.
On Nov.; 27, 1945, the outstanding capital stock was reclassi¬
fied into common stock (par 33 cents each) which resulted in there
being outstanding on that date 450,000 shares.
Subsequently to Nov,
30, 1945, five, other individuals (including G. S< Wasser, elected, a di¬
rector on Dec. 4,
1945) purchased for $184,500 from the corporation
45,000 shares.
Accordingly, there are now outstanding 495,000 shares.
of
742,361
1567.
p.
Period End. Feb. 28—
own
ington,
1946, the corporation commenced to package and sell the
first of a complete line of cleaning agents made of chemical compounds
which -will be marketed nation-wide in a distinctive package already de¬
signed and being manufactured for the corporation.
The products
which the corporation intends to market and each one of which consti¬
tutes a conipound of chemicals believed to be particularly efficacious
for specific purposes, particularly in the household cleaning field, are:
''Sing," a general "household" cleaner for washing dishes, woodwork,
walls and floors; etc.; "Indra," specially developed for laundry home
washing machines; "Thororlnse," a clothes whitener and neutralizing
compound to insure thorough rinsing. In addition, it is contemplated
that the corporation will introduce in the near future a product de¬
signed for home type dish washing machines, a product for washing
woolens and delicate fabrics, a drain pipe opener and a bowl cleaner.
sale
Inc.;
absorbed
Inc.,-
owned subsidiaries of the company
(Calif.), Knight Packing Co. (Oregon)
Co.
salaried
Feb.,
the
.•"*
82,000
1,476,000
689,589
(net)
Railway
bottling,
-distributed
BUSINESS—Company, a New York corporation, has been engaged for
the past five years in the business of packaging for sale in consumersize packages caustic soda, soda ash, calcium hypochlorite and chlorin¬
ated lime.
However, it is expected that the major portion of the cor¬
poration's business in the future will consist of the packaging and sale
of products not heretofore marketed by it.
After
r'
•
75,000
Foods,
163,
E
•\,c
Illinois Central RR.—Earnings of System—
i
-
products.
The
•
•
to
-cu
excess
tax
*Hunt
100,865
140,481 '
149,000
141,741
359,233
167,283
85,737
32,752
surtax
income—,
Net
Co.—V.
Since 1943, approximately 60% of the products of the company and
its subsidiaries sold for civilian consumption were distributed in the
West Coast states.
agents prior to 12 o'clock noon (EST) on April 11, 1946.
CAPITALIZATION—Prior
■
E
packing, freezing and selling an extensive line of
Company markets
its
products
largely under the
brand names ofV'Hunt," "CHB," "Val Vita," and,
through subsidiaries, under the name of "Fontana" and "Twin Peaks."
food
tion for less than 50 shares will be accepted. Subscrip¬
tions must be received at the office of the subscription
In
profits
The company is engaged, either directly or through companies' con¬
trolled or wholly owned,
in purchasing, processing, canning, manu¬
pany is offering to the public 205,000 shares ot common
stock (pari 330 per share) at $5 per share.
No subscrip¬
55
at
i
and
value
Excess profits tax
incorporated in Dela¬
was
Rocky Mountain Packing-Corp. (Utah);
and
Subscription' agents are Manufacturers ' Trust C04
Broad St., New York, and First National' Bank
Pittsburgh.
$734,566
Declared
448,237% shs.
formerly conducted by Val Vita Food Products,
Conserving Co. (Calif.).
of
:'
Inc.-—Stock Offered—The
Co.,
•
.
connection with canned fish products).
*
50,796
$1,519,230
charges..—_v__ V
BUSINESS—The company
•
*'
.
^"/' 'c
EEE'--
•
8,344
593,891
:v
income—$642,143
net
'
$600,794
581,977
Fed. declared value exc.-prof. tax ■;"vy ———'
Fed. excess profits tax.—.—.—
350,000
Consolidated
* 18,000
446,000
30,513
37,290
__
Federal income tax and surtax.—
72,213
$2,404,914
tax
None
1,000,000 shs.
.
offered.
now
AND
business
Food
$1,964,854
168,035
V
in *44-'45 Canadian)
(and
$1,898,431
66,423
142,061
$1,310,602
Income
; The j active -wholly
■j
14,725,925
756,560
$1,584,109
Total other Charges
Provision for taxes on income:
State
v
14,051,830
775,479
$1,231,503
15,838,295
797,915
goods sold—
——
——
Selling, general and admin, exp—
32,167
income'—,—^.
Normal
Conserving Co.,
into the company on Nov. 30, 1945.
$17,923,724 $16,058,812 $17,380,916
Consolidated net sales
Cost Of
credits__4_U^
97,390 shs.
the
company's
-
$683,169
175,000 shs.
15;
securities
business
.100,364
100,921
$1,427,067
$1,278,435
oper
97,390 shs.
1945, the name was changed to Hunt Foods, Inc.
It conducts:
business
originally established under the name of Hunt
Brothers Fruit Packing Co. (Calif.), organized in 1890; (2) the canning
1943
$17,280,552
119,349
1944
1945
31—
763
$2,262,853
from
175,000 shs.
227,610 shs.
+
April 29, 1925; under the name of Hunt Brothers Packing Co.
(1)
INCOME STATEMENT
disc., returns etc..
less
1,202,750
10,419
June 11,
6,297
Sales of stumpage by H. & W. Ltd..
the
ware
6,297
—-
of
HISTORY
of. com¬
Curtis
tRipley\& Co., Incorporated
1,663,826
Cr6,010
Gross
.
series,
"
,
PainSTWebbSfxJackson
11.448,746
1,533,667
Income
1946, these loans, amounted to
approximately
E $5,700,000.
The average interest rate on these loans is approximately
E2%% per annum.
It is expected that they will be further reduced by
liquidation of inventories and application of a portion of the proceeds
;
underwriters has .agreed, to
E
'
:■;■■■"E/EE1/ /
■
Shares;.
;:'v
15,467,752
1,216,718
t8,129,000
/The board of directors, by resolution dated Dec. 8, 1945, authorized
the issuance of $4,000,000 of debentures/ of which $2,000,000 of such
debentures, series A, were Issued on Jan. 3, 1946.
•
stock which each of the common stock
purchase are as follows:
8,717,069
($10 par):
unissued—,
Common stock ($6.66% par)
_—».—
COMMON STOCK UNDERWRITERS—The number of shares
goods sold-.*i>
Prov. for doubtful accts.
$2,000,000
$4,000,000
Series A-5%.—
Additional
,
Selling and gen. exps._>
$19,264,263 $14,550,059
Outstanding
.
Z;5 %; series
Coffin & Burr, Inc.--;.—.1. ■; 3,000
3,000
Hornblower & Weeks
2,500
Lee Higginson Corp.— : 2,500
R. L. Day &
: 2,000
H. M. Pay son & Co
1.000
Jackson &
Webber,
Paine,
Cumulative preference stock
Nov. 30,'45
•1943
*1944
•1945
$11,212,223
Profit
Loans due within one year«,i-—»-
Years Ended Feb. 28
«—
$9,848,943
7,962,260
of
Cost
FINANCING
PRESENT
TO
3.90%
sinking
fund
deben
^ures, series A, due Dec. 1, 1957-..-..
were
ferred stock
EFFECT
r /
'»'■«•
•...
sales
Net
•20-year
meeting of the stockholders March 22, 1946, the
a
association and articles of organization, as amended,
GIVING
CAPITALIZATION,
Authorized
42,000 shs.
t388,000 shs.
42,000 shs.
500,000 shs.
agreement of
amended in¬
creasing the authorized capital stock from 200,000 shares of common
6tock (no. par) to 500,000 shares and 42,000 shares of $4 cumulative
preferred stock, (no par) and changing the 200,000 shares of common
stock theretofore issued, to 400,000 shares of common stock.
This re¬
sulted in changing the 12,297 shares of common stbck held in the
treasury to 24,594 shares of which 12,594 shares are now offered,
tExclusive of 12,000 shares of common stock held in treasury.,;
•At
/
Outstanding
»Authorized
vj-tV'>-4.>. •;j
INCOME
OF
t9 Mos. End.
/EE///'{/''//:'•/ T.'-E y; /J/ '/
Anglo-California National Bank of San Francisco; Trans¬
Agent, American Trust Co., San Francisco, Calif.
...
.
; E
fer
FINANCING
PRESENT
TO
'
:;
Registrar,
'
1
,
.
loans.
1945, subse¬
indebtedness outstanding at Dec. 31,
such current bank
STATEMENT
$4,000,000. /Proceeds were used to reduce, outstanding
counts receivable, reducing the company's current short term bank, in¬
debtedness incurred for that purpose by at least $1,800,000 (the amount
of
1729
THE COMMERCIAL & FINANCIAL CHRONICLE
Number. 4477
Volume 163
Exchange
to
Exchange.—V.
par
Curb
value $1, has been suspended from
Exchange since , Nov.
Commission has granted the
strike said issue from listing
163,
p.
1429."
'
dealings
1945.
The Securities
application filed by the
and. registration on the
20,
~
;
1730
THE COMMERCIAL & FINANCIAL CHRONICLE
Iowa Southern Utilities Co. of
Period End. Feb. 28—
dross
and
218,181
for
Net
retirements—
Total
earnings-
net
42,000
$117,505
3,163
.,
/
earnings-
$120,670
38,867
funded debt
on
•
AA
40,001
Z
.
$1,020,860
532,095
&c., deducts.—.
12,230
•••".
■
•••
•
•'.
•
137,313
165,390
The
563,064
163,
$26,663
■'
$351,453
.
■
339,044'
' 1$0(472"
the
$345;909
stock,
common
,
dividend -of 30 cents
quarterly
a
'
per
par $10,- payable April 1 to holders Of
of 40 cents was made on Jan. 2, last.
in 1945 were as follows: Jan. 2, 40
July "2 and Oct. 1, 30 cents each,—V. 163, p. 653.
-*
,
'
•
and April 2,
cents;
'
<
v
;
•
.
;
(
-
,
sec—
(John) Irving Shoe Corp.—Resumes Common Divs.-—
payment
dends
'
in
last December of all the company's preferred
and'the continuation of regular quarterly divi¬
148,448
the
on
arrears,
preferred stock, the directors have declared a dividend
the common stock, payable April 30 to holders
A 100% stock dividend was paid on the common
Jan. 15, 1946, but this is the first cash payment on;the
Underwriters
v
of 15 cents per share on
,shares
on
.stock for, a number, of years^—V. 162, p. 2644.
/
'
-
,*"•
'
<■
*
•
'
are
Price
Alison
1
'
t
to
&
the public
will be filed by amendment,
Detroit.—V. 162, p. 2273.
Co.,
'
v
,
.
■'
'
i
r
T- *'
-*
succeeding J. P. Williams,
JV. 163, p. 653.1
" '
,
Jack & Ueintz Precision Industries, Inc.—Plans New
who
Jr.,
will
Merger—
.
'
Chairman
Jack,
of the
board
in
^'
■
vertible
'
4Vc
notes.'
;
the
par
and $300,000
$1,
■
-
(
*
<■
If
sharesfssuable under the plan/is 120,000./
•
"will be outstanding.^V, 163, p. 1568,
'
'
'
-■
f'
' V•
■"
;■:■■■•"
>-J
■ ■■
-
-
f
5
7;•>!••••',«
AA'Av "^v
A':vAw
'
A-"'
<r
'
:
*60,159
*74,647 '
*59,855
>85,667
M944
,
$34,514
*64,263
'
I"
' ;«4^95
■
from
railway.....
80,677
86,742
*123,076 ^
*166,149-
"
79/067
•
I
Co.
and
Louis, Mo.—Interest, Etc.—
International
American
Corp.
have -filed
-.with the SEC for permission to make a secondary distribution-of 51,: 400 shares of
Joy common stock. The offering will consist of 35,600
"shares for the account of Adams Express Co. and 15,800 shares for
the
account of
American
International Corp..
r
.
,'
: /
*
Bdfunding—
.Net
*132,878 A
*169,662
*125,673
*155,865
from
Lehman
Co.,
4
»•
•./. \\
Singer, Deane & Scribner, Pittsburgh and Paul
Chicago,-—V, 163, p. 1429,
'
" '
: r
;
„
•
J,A-%;; .»/• >:>■$>;*:*
-
r
>■•.n1
O'A'*
\
'*
'•!$;
■'y;: Kaiser-Frazer Corp.—Assembly Line 75% Completed
First
assembly line
Kaiser automobile
for. the
at the Willow
Ruft
(Mich,) plant was 75% completed on March 10 and the company ex¬
pects the first automobiles to be ready for shipment to dealers for dis¬
play purposes by mid-summer, according to the annual report forward¬
ed, to stockholders on March 27. /
: ;
<
'
,
*- ^^
Covering the period from incorporation, Aug. 9 to Dec. 31, 1945,. the
^report shows that net expenses for the period amounted to $772,720. A
tpro-forma balance sheet, which takes into account the sate of common
/
«tock
Jan.
23,
1946,
shows
total assets at
$54,596,250A Of this
4otal, $46,187,556 represented-cash and $8,005,369 U, S. Government ob¬
ligations. Current liabilities amounted to $922,808,
>
AA":
: ; w
on
A note to the
,
proi forma balance sheet
templates that Of the funds
on
and for expenses prior
to production, $8,000,000,
*
-
*134/068
*166,940
A A: A AM/A/pA;MA A AAA A/A/A^
'"However,"
tetter says, "in order to secure certain parts and
prices, the management has now deemed
acquire additional machinery, tools, and equipment
for the production of parts .at Willow Run;
In order to expedite de¬
livery of parts, It has also been necessary in certain instances for the
corporation to acquire machinery and equipment for use in vendors'
plants.
These changes in original plans have resulted in increasing
-the estimated expenditures for equipment and tools to a total of
ap¬
proximately $27,000,000."
!
the
assemblies and at reasonable
it
advisable
to
V
were
informed' that the
borporation
has received
a
fic Coast."
,
V
In the
I
letter, the chief executives explain steps leading up to forma¬
its lease of Willow Run, its financing, its agree¬
Graham-Paige Motors Corp. for the joint, use of facilities
tion of the company,
ment
with
toy both companies at Willow Run, and its agreement with labor. The
says that 3,219 dealers have been awarded franchises to handle
sale and distribution of cars to date.—V. 163, p. 904.
-letter
Ry.—Earnings-
1946—Month—1945 /
•
Ry.
oper.
oper.
$2,225,232
revenues——
Ry.
expenses.,—
1,343,367;
$3,208,009
1,815,986
Dec.
■
1946—2 Mos,—1945
$6,453,483
3,844,559
■/
Net
from ry.oper.
$881,865
$1,392,023
$1,603,765
Federal;income taxes
Other ry. tax accruals.
175.000
500,000
235,000
800,000
120,000
175,000
245,000
350,000
$586,865
$717,023
$1,123,765
$1,458,924
113,238
152,136
221,875
344,396
2,826
2,344
7,567
4,72d
$470,801
$562,543
$894,323
$1,109,808
Ry.
oper.
Equip,
Jt.
rev.
rents
facil.
Net
—V.
ry.
163,
income....
(netiDr)..
(netDrj
rents
oper.
p.
income
1429.
-
■
*
-
*
"
f
(Ky.)—Weekly Output
for the week -ended March 23, 1946#
on
The
^Gross from/ratiwa—-.
.Net from railway.
^et.Ty,
From Jan.
-
•Net
1—'
•
-
,
$2,608,924
seven..
There have been
10-year 2%%
A
Magulre Industries, Inc.—Discontinues Compression o£
Dehydrated Foods—Now Concentrating on Radio and
Electronics—
A
/
'
•
,
• '
; :
•
•
1
of dehydrated: foods during the war by this' Corpora*
United States cargo space equivalent to 1,300 Liberty
ships, said Russell Maguire, Presdient, in announcing it had discon¬
tinued the operation to concentrate its manufacturing in other fields,
especially/radio and etectronics
;
i
- ^,5
A • ? ^
"Our food plants at Des Moines, la., Lyons, N. Y„ and In the Bronx,
New York City, were started to meet an urgent need and did an exp¬
edient war job," explained Mr. Maguire.
"Our radio and electronic
interests, however, have become so much larger with the purchase
of plants in Chicago and Mt. Caravel, 111., and Cleveland, that we have
decided to direct our efforts in/this direction"
y
;;
The machinery of the three food plants is being offered for sale
in Des Moines and Lyons and Bridgeport, Conn., where equipment of
the
Bronx
plant Is stored.
The Des Moines inventory includes a
33-ton rotary mechanical press capable of compressing 125 tons of
food a day in one-pound brtquettes.
It is believed by fhe company to
Compression
tion
'
$6,650,305
2,290,16$
'1,004,732
the
saved
,
1,146,866
/*699,649!
„<■
to
.interest.
13,526,603
2,622,429
1324,698
income..^
five
■
1943
15,346,992
3,947,571
railway.—**
Net -ry. oper;
from
called for redemption on May/1; next, $300,000 of
sinking fund debentures due May 1, 1952, at par antt
Payment will be made at the office of J. P. Morgan & Co,
Incorporated, trustee, 23 Wail St., New York, N. Y.—V. 163, p, 655.
1/
-
12,848,781
A;*Deficit.—yifr163» p. /1160*
increased
Reily G. Adams of Stewart-Carey
k
1
843.410
10,482,407
from
been
are
Indianapolis, Ind.,
(R. II.) Macy & Co., Inc.—Partial Redemption—
one
♦422,839
from railway..^.
Gross
has
and Franklin K. Zimmerman, Treasurer
of Lynch Manufacturing Corp., Toledo, O.—V. 163, p. 1430/ *: '
A
"1944
$6,395,567 $7,921,156
2,271,535
506,417,'
1,234,961
68l,410[
,
directors
of
directors "elected
new
Co.,
•
1945
$4,863,67(1
ihcam—j
pper.
two
Glass
A1946
February—„
humber
The
-
,
,
con¬
stock¬
five $?
/par shares held. ; The: proceeds will be used largely for expansion pury
poses and reduction of bank loans.
' : / '
^
or
:
shares of
each.
templated offering of 75,000 shares, without underwriting, to
holders through rights on the basis of one new share for each
'
stock,
/proposal io ;spui\.th»
$5 par will be divided into 375,000 shares with a par value of $2
The increase in the authorized stock will also provide for a
"
^^
porp.—Exchange of Stock—^ *
a
stock Zxk for one. The authorized common stock was increased
150,000 to 500,000 shares and the outstanding 150,000
.from
*
'
♦
^*
'
Month of
:
4,462,247
1,988,224
1,522,968
/
)je .the world's largest food compressor.—V. 163, p. 1570.
Lelau4 Electrie Co,,
Dayton, O—Omits Dividend—
The directors on March 25 deferred any
.
R. Gaskell, Secretary, on
G.
■
"
due to the fact
"Action was deferred
closed for the past 60 days
been
inability to
obtain raw materials, together, with other, factors beyond their control,
such as ceiling prices and increased labor and materials costs. V
; '
"Resumption of dividend payments will be given consideration later
in the year, after normal operations have been achieved."
*
A distribution of 10 cents per share was made on the present $3
par
value stock, the same amount as paid on May 10, June 30
and Sept. 30,
1945.
This stock was issued in April, 1945, on ihfe
basis bf three $3
par shares in exchange for each no par
share
'
then
The old stock received
held,
a
dividend of. 50 cents on Jan. 2,
|I945—y,. 16^/p.':-1285./~.^:/:^' — A;?//—
.
.
to
at
stockholders
the
annual
directors and re-elected
new
three
terms.
meeting
held
March
on
elected
"
'
i
,
' *
A.
Edward J. Burnell and Richard F. Berg¬
will serve three-year terms,
while Frank S. O'Neil, tilso a Vice-President, will, serve one year. /;.:
:
William C. Carter,
President,, told stockholders that the precise
amount of the backlog of company orders 1$ unknown at present, but
that rims, between $40,000,000 and $50,000,000, compared to total net
serve
,
„
'
Two of the
man,
sales
t ;
new
directors,
both Vice-Presidents of the company,
in
Of
1945
Strikes
have
$68,213,166.« ./
hindered
,
;
'
'
/• A/V"';
r
•
'•
'•*
reconversion
the /.company's
Litchfield & Madison Ry .^-Securities
:
The ICC
effort,
*
,
,
it
: was
•
A':*'
Authorized--
like
due Feb. 1,
gold bonds
1950, to an amount sufficient to exhaust thb
exceed' par.-*-V, 159, p. 1355.
May, McEwen, Kaiser Co.—Larger Dividend—
*
hive declared a quarterly dividend of 50 cents per
stock, par $1, payable June 1 to holders of record
This compares with 35 cents paid on March 1, last.
Pay¬
in
1945 were
as
follows: March 1, 25 cents; June 1 and
The directors
share
May
on
the capital
17.
ments
I,' 35 -cents each: and pec,, l,
Sept.
35 cents, plus an extra of 70
061118.-77. 162, p. 879.
H.)
McGraw
&
Hartford,
Co.,
Conn.—Registers
With SEC—
Company on March 25 filed a registration statement with SEC
for 36,000 shares of $1.50 preferred, stock (no par) and 100,000 shares
of common (par 10 cents).
Prices to public will be filed by amendment.
Financing
is
pany.//The
in
connection
with
capital
shares. of
stock
common
Is.
to
proposed
recapitalization
of
com¬
so that outstanding
to be reclassified into 100,392
shares of class A stock, 75,000 shares of common stock and simul¬
taneously 36,000 shares of preferred stock and an additional 250,000
shares of common are to be authorized.Out of proceeds of present
financing company will apply 383.971 to payment of notes issued
1.250
stock
be
reclassified
are
H. McGraw dnd J. Metz McGraw In connection with purchase of
shares of company's former or old common .stock.
Balance of
proceeds will be added to working capital,
Granbery, Marache &
Lord and Bear, Stearns & Co. head the Underwriting group.
their
net
on
.
call-$658,000 1st mortgage 5%
and to provide the necessary
1946,
funds for that purpose proposes to
procure a loan of $675,000 from
the Boatmen's National Bank of St.
Louis, to be evidenced by a note
notes for ;a like, amount.-r-V. 163, p. 1286.
—
.
^JoAot New-Yoik,-. trustee, 30-Bfoad
^5 Trtist
eum cf $45,038, nt prices not to
/;
amount, the
If necessary applicant
proposes-to
bonds for redemption on May
1,
or
€ity—i
to F.
instalment note
a
Continental Bai&
'The
f■■
Feb. 27 authorized the company to issue (1) a 10-year
or notes for toot exceeding $658,000 to evidence & loan
proceeds to be-applied to the redemption of
$658,000 of outstanding first-mortgage 5% bonds; and (2) not exr
ceeding $500,000, of-4% preferred stock, tpar $25) and $500,000 of
common stock,
(par $25) to be exchanged for outstanding preferred
and common stock of like
pal: amounts.
The report of ..the-Commission states:
'."•/'••
.)
Y.
St., New York, N. Y„ will, until 3 p.m. on April 15, 1946, receive bids
for the sale to it of Matey first mortgage leasehold 6% sinking fundi
(F.
26
two new members of the old board
N.
'
Link-Belt Co.—Elects Three New Directors—
The
three
Corp.),
!ten?de
March 25 stated:
that the plant has
account of the steel and copper strikes and the resulting
on
Realty
(Largo
Marcy
(The)
dividend action on (the com*
!mon .«toclc;
for
'
.;.
^
^
*
'/Lehigh
V-T'V.A'
$4,476,163
2,872,398
, . s
f
'ttrC'-'/fitctekhbldersv-wh' Marchf 22/approved
common
that ,"onlyk those holders of preferred stock
stock under the plan of recapitalization
their
deposited
31, 1945,
A--'"
/stated.—V. 162, p. 2395.
Kansas City Southern
«
-
.
totaled 26,344,000
kwh., as compared with 28,454,000 kwh. for the
corresponding week last year; « decrease of ?i,4%*-ryA 163» p# *569ii i
1,045,283 Ah 930,396
366,380 •
289,734
215,216
184,400
i
,
let¬
-
,,
lv-iaea;rio"cin!tptf$ :W:.thto:«(mvpahy
•
to present
•their certificates for exchange for the new stock certificates and. cash
en
and after April 1, 1946, at the office/of either of the following
'depositaries:- J. F. Mofgan
Go. Incorporated; New Tbrk,; N/; Y£.$tDrexel &-Co.,' Philadelphia, Pa.
J
>.
',
,>
It is the intention of the board of directors to declare and pay out
of the earnings of the corporation for the calendar year 1945 some
•time in May the full dividend of $3 per share on the new first pre¬
ferred stock, 50 cents per share on the new second ' preferred stock
and $3 per share on the present preferred stock.—V. 163, p. 1569.
ter of intent from the War Assets Corporation for the lease of "certain
building of the former Douglas Aircraft factory at Long Beach, Calif.;
for use in the assembly of automobiles to be distributed on the Paci¬
/$350,|27 S: #482^69
,
Louisville Gas &• Electric Co.
1943
$493,095
165,433
102,616
'
preferred stock, one share of 50-cent second preferred
share of -common stock and $7.50 in qash." •
' >
A
l
Holders of. certificates of deposit have been requested,
,
Stockholders
1430.
,-163, .p.
before March 30, 1946, will be entitled to
receive for each share of such stock so deposited one share of S3 first
\
In a tetter to stockholders which is dated March 15', Henry J. Kaiser,
'Chairman, and Joseph W. Frazer, President, point out that the cor¬
poration originally intended to conduct primarily an assembly opera¬
tion at Willow Run, purchasing for the most part from outside ven-
v
company has asked the ICC for authority to issue $14,000,000
promissory notes.
The proceeds would be used to help redeem a
like amount of series A first mortgage bonds Issued Jan. 1, 1929. The
hand approximately $35,000,000 Will be
'for the Long Beach assembly plant, $3,000,000;
//
have
dated
expended as follows: For machinery and equipment, $17,000,900; tools',
<dies, jigs, and fixtures, $7,000,000; for machinery, equipment and tools
dors.
•
,
A'A:^i6 companyAannounces
•
says that, the corporation con¬
1945
$417.,337
— 66,067
; 49,820
from
who
Eros.,
railway.
■f:^
/
laehigh Valley Coal
,
j
21,65*
$262,016
155,666
Lynch Corp.~-Split-Up Approved—75,000 Shares to be
Offered Stockholders—-Directorate. Increased---
1944 "
$561,371
211,303
' 124,528
"
"" 1946
$494,102
150.276
/ ' B6f019
Railway—936;345- ^822,109
railway-i— 'v
-^64,308/
$25,700
•Net'ry, oper*-income.,.*
163.284 ^ / ;89,456
.—V» 163, p. 1160. ♦
^
, ?.
♦
>
.The
&
106,963
13,682
application said (he refunding operation would save $455,000 or more
annually on fixed charges.
The road would secure payment of the
4% bonds due Jan. 1, 1989.—V.
jGross from
.»
secondary offering will be made by a group of underwriters
jbeaded by Hallgarten & Co., R. W. Pressprich & Co., Smith, Baihev
*
Month of February-^"
from railway.—
iNet ry; oper, income—
>^:I^omJan^'4—-A;??'//'/
application follows the recent merger of Ladel Conveyor &
/Machinery Co, and Sullivan Machinery Co. into Joy Manufacturing.
.Under the merger stockholders of Sullivan Machinery Co. received IV4
♦shares of Joy Manufacturing 00. for each share of Sullivan Machinery
*Co. held
As a result of the exchange Adams Express Co. now holds
4 19,025 shares
of Joy Manufacturing and American International
Corp.'s Interest amounts to 52;225 shares,
'
H. Davis & Co.,
109,622
10,389
#/■ A:■?
*
953,600
59,249
of
1286.
163. p.
Gross
The
*
(net
1,919,905
76,976
136,000
129,556
.
Joy Manufacturing Co.—Common to Be Offered—
Express
rents
fac.
$3,640,454
1,386,568
•
The
74,052
(R. G.) Le Tourneau, Inc.—Preferred Stock Offered—
;Net
,A Adams
__
$2,125,566
$1,897,469
961,838
527,000
657,885
< $195,474
taxes
income
194W2 Mos—1948 A
1946—Mototh—1945'
*
1945
s
Co.—Earnings—
$1,063,820
Net" ry, 'VfteU Oteeme:
t
*68,695
*80,369
-
....
Dr.)
Jt.
1943;
(,
$39,968
?
^
^
Eqpt. rents (net Dr.»—
An underwriting groupJheaded by :.AtextiBrown j& Sops;
F. S. Moseley & Co. and Dean Witter & Co. on March
28 offered 50,000 shares of $4 cumulative preferred
stock (no par) at $104.50 a share plus accrued dividends
AfrOhi^ March I;mw^V, 163, >pAl569.
<
^
•
earnings for tenders of these bonds.
It was stated that
requests for tenders probably would be sent cut about April 1;
.
{.
/
.
84,000
62,729
57,083
it 6,849
Federal
'
The company on March 19 announced that the payment of 6%
'interest on its general mortgage bonds will be made April 1 to holders
cf record March 15 and that $120,546 additional has been set aside
out of
,
Period End. Feb. 28—
Lehigh & New England RR.—Earnings—
Jefferson Hotel Co., St.
any
163,, p. 781.
'Rwy. crpcr. revenues
Rwy. oper. expenses-
''
-•
-
Jsv;...?";-i''H
■
'
from
*Deficit.—V.
"
the
merger is consummated Jack & Heintz will have authorized
250,000 shares of $50 par preferred stock, of which an initial series of
stock, convertible into two common shares* for
each preferred
share until April l, 1956, will be outstanding;
and
;,■1,500,000 authorize^ $5, par common shares, of which "300,000 shares
y.
need for
nb
seen
tootes with $14,000,000 first mortgage
' <
.
/
-Earnings-i-
,1945.
$39,201
$39,977
.
railway._..__ '
Net ry,? oper, incomes. ;
*
-^9,772 shares of 4%
■
Net
merger
.Heintz common
./;/;vv./,*r- ■;
extraction flour has been
^ a* ' a,..---:'',/' a „ ^ y,
a ; / •v •/, *, A'A *
position, fhe 'Paid, is excellent, adding,. "X
financing for a long, long time to come.'"
' a"!'- ■ ^' •: •; ^ ol ■/ -
'%v' * a '!
'
Gross
of con¬
.
•'
Louisiana & Arkansas Ry.
-
\.f' A^L946^-
from
railway—.
Net from railway..____
'Net ry; opef. income...'
—From Jan;vl—^•;'/*. /:'? :
•
terms each common share of Eisemann will be
exchanged for 115/1000ths of a common share of Jack & Heintz Pterdsion Industries, and each $100 of convertible notes will be exchanged
for 11.25 such
common
shares.
The maximum number of Jack &
Under
Ishpeming RR.
:'
•
■—■? A:—
^Mcmthtf FebhlAr^
Gross
The Eisemann Corp. has manufactured magnetos since11904 and has
700 dealers and distributors throughout the country. /. It has 750,000
«
'-•'•--v
•
"■
'<•
^The^fcorapdtoy%/ftoiltodal
can
1946—2 Mos.—1945
$8,744,243 $19,758,662 $17,771,813
$9,840,143
Lake Superior &
charge
::;\;nrganization.'':^;2;:^S;i§;f^
/outstanding shares of .common stock,
'
'
said sates so far this year are about 5%
Other rwy. tax accruals
of production,
said that ^'acquisition of Eisemann Corp. will further diversify the line
/ of products now manufactured by Jack & Heintz Precision Industries,
Inc„ and give the company an additional advantage of a ready-made
S.
William
"
y:--:.y/:A--AH/"-:/-/A/?;''-iv/^-:''
/■':
,
ago.
pany has 30 to 45 days' supply.///,/ ■ /. v;/
Mr. Main added that use of the new 80%
v
Chairman.—
''t i
—y.;i63, p.U568,
Special meetings of ''both companies-will be held on April "FT to
approve the plan, ft wasannouncedbyB,/C.Milner, ^.. President,
'
as
year
satisfactory.
a
194fe—Month—1945 V
;
Period End. Feb. 28
Sales—..
March 26,
Corp. of Brooklyn,
;
/,
(S. H.) Kress & Co.—February Sales Up 12.5%—
step in the program for expansion of operations, announced
calls for a merger into the company of the Eisemann
N. Y.; magneto manufacturing concern..
A seoond
continue
a
'
*
4
c—y.
;.tc. v.;-'.'J
on
I
??, -r-
1
Koppers Co., Inc.—New President—
:;(Gen. 5Brehori B. Somervell,
retired, has been elected Fresi^eit
;
;
'
"
/
y.,
President,
The only thing that might reduce future sales,
he Added, would be an acute shortage of wheat.
At present, the com*
of
ahead
t
of record April 15.
>
Hanford Main,
.
certain stockholders.
/
.■Biscuit's, Inc.
Company on March 25 filed a registration statement with SEC for
shares of common stock (par $.1)
Shares are being sold by
.
Following
shares of authorized but unissued $100 par preferred stock
changed into 464,000 shares of $12,50 par capital stoCk; and ;
authorized 882,279 shares of $25 par capital Stock, of
which 510,600 shares are outstanding, will be changed into 1,764,594
shares Of $12.50 .par capital stock.
>
;
'
•
/ /
— There have been authorized for listing on the New York Stock Ex*
change 1,621,200 shares of capital stock, par $12.50 each, of Sunshine
The 58,000
will be
•
Kingston Products Corp., Kokana; Ind.—Registers with
dividends
;/|?iAeliminated—A/A/A—■A;?;;AA'iA'V/v:;vA^
The remaining
1568.
p.
'
■
,,
'
214,341
A distribution
15.
:
The
common
>
423,448
V 162,575
' ' ' * <
;
•
<t
115,653
A
—
stockholders 0h March, 25 approved a two-ior-one split of tl)e
stock and a change in the company's name to Sunshine Bi'sA,cuits,:-Inc.'
/; ■
'V/^/./;,-''?::/":;:/1 A/v:They ateo voted to eliminate the authorized but unissued 58,000
"share of $5 cumulative pr|eferred stoclc. /
' '
/
As a result of these changes, which will not become legally effective
for several days, the company's capitalization will consist of 2,228,$94
/shares-of capital* stock*, $12.50: par value, v
v
'
M / /;
* y The authorized preferred and common stocks will be reclassified
^/follows;:':/'/'';::///'///; AA/i -«A•/ /-A' iAv///■■/:
A: The 37,703 shares of $25 par common stock held in the treasury will
'
700,255
.
653,087
;'
84,946
686,897
*382,450
73,61^
;
,
Payments
'
$71,690
have declared
directors
on
record March
x-i-
income
Net
—V.
.■•■•-v.-: ■."
■ ■
/,
228,504
-
shaic
10,113
200,731
Kendall Refining Co.—Pays 30-Cent Dividend—
$1,074,363
$85,365
.
15^275-
45,438
W
46,473
A
598,793
.
$1,028,925
$980,858
$83,879
■.//. 3,486
■
>
Net, from; railway..
301,658
Net ty. oper, income^."l><V U0fi73
V. 163, p.; 1429. v '
.
from railway....
1943
$370,821
/
-
61,632
Gross
480,000
484,000-
40,000
-.
'
^ 137,876
590,900
■
1944
$355,640
.
$280,005
-Changed—
1945
$303,085,,'
1946'
t
railway....
ry, oper; income^-,
.
From Jan. 1—j
556,425
,
618,918
Amortiz. of debt ciisc, &
exp.,
from
Net from railway^.^A;-
2,462,448
589,875
,/>
A 50,106
52,211 ::C
;
r
income
Interest
Gross
Net
69,400
55,700
.
//A-'
i.
oper.
Other
206,675
$5,118,697
$5,306,870
2,633,219
Month of February—%
.
income,
prolics taxes L
taxes
JProv.
....
Fed.
exc.
Other
$448,060
::$A;;-Lbpsc-wacs/Bteraii.C^^^
Kansas Oklahoma & On If Ry.—Earnings—
1946—12 Mos.—1945
$485,597
earnings—
C)per. exp, and maint—
oper.
-State and
Delaware—Earnings-
1946—Month—1945
Monday, April 1,1946
'
Midland
Finance Corp., Milwaukee,
"Wis.—Notes Of¬
Milwaukee^ Wis., recently offered
residents of Wisconsin only) $125,000 series "C"
fered—Loewi & Co.,
(to
4%%'Notes at 100and interest.
Dated Jan. 1, 1946; due Jan. 1, 1951.
National
Bank,
trustee.
1 and July 1.
Exchange
annually Jan.
Denomination $1,000, Marine
Interest coupon payable semi¬
Preferred Stock Offered—An issue of 8,000 shares of
5% -cumulative preferred stock - (par $25) was offered at
/.Volume.J63
the
time at par by
same
0.00 shares
THE COMMERCIAL & FINANCIAL CHRONICLE
Number* 4477
'the
/•At' the annual
of the 7 %
authorized
/preferred/stock;)
.Corp.,
Finance
in Wis-/
formerly Midland
Investment &
business in 1911 and was incorporated
which
began
1924, is engaged
consin
in
in financing the sales and other current
operations of manufacturers, dealers and merchants by purchasing or
making advances on their accounts, notes, instalment paper and other
stock
•
•
At
ance
EARNINGS,' YEARS ENDED OCT 31
.
,
1945
.
Volume of notes & accts.'
receivable
ment
of
int.
Maximum
322,528 '//
-
7
'
Times earned
'A;
=:-;~
/income
int.
•/A^AAAZ
/
adj.
1.89
.
5%
35,530
|
-
.
1 PURPOSE—Proceeds from the sale
of
the "$125,000
of
-
preferred stock
cumulative
36,630/
?.18
working capital 'of the company.' If
notes
series C AVz% '
be applied'/
payable; y
.t-,
>i,
Series B 4Vi % serial notes—...........,...
tSeries «• 4»/a% -botes—;
AJA
'—v
Debenture
'
.
*——•
—
* Authorized,
volume
.Dollar
until
;
■
/ 124,317
/- 99,923 /
78,529
94,074
,
70,334
•
121,967
■/
•
'
-»
of
—V.
/'Z'//
'/•
'■
be
•
sales- cannot
have
'
accurately
anticipated
be
-
=
*"
.
for
and
163, p. 2152.
'
has,
therefore,
' ''v';;
;
:
/■Net/from"■
Net ry.
v
271,687
294,225
income
35,327 '
45,360
Net
ry."
v 115,02(1
53,704
,
oper/:ihcome_:i
1—
v/ From Jan.
.
.#
/ 333.815
gains
Middle EastCo./CIeveland; 0.-^New Affiliates—
Dan T. Moore^ President, .on March 22 announced the formation oi
two affiliates1 of this company, one in Syria and Lebanon and the
other in Iraq.
7
A
A;7AA-7">A 'A.../A.'. A
i The
Middle East CO; of Lebanon and Syria has- been* formed In
pooperafion-with local businessmen.
It-will be headed by Michel L.
ry.
\
1946
xncome^.//.
oper.
509,134
;
;
.
f
Kattar of Lebanon,
.
in-the' field
:
company
The
other
in
973,547
966,299
477,-457
> *
chahdising In that
/.The
and
import
Middle
business
export
and
the
in
field
of
facturers
aid"
to
the
in
industrialization
program
JOSS;
i——
new
did
stock,
common
$145,281
67,290
' *$13,404
m'.
$77,991
^
-
^
,
$254,059 -r"l
813,574
4,647
x-
^
,
-,s
4.89%, under the
from
•
1946 /
from
forwarded
by
the Governments
in
that
Its
area.
activities have
Ot the board of the Cleveland company.
railway—.
1,402,553
9jMoPthS Erided JaA//31-^:
r
Net
1,181,225
274,991
Minneapolis-Honeywell Regulator Co.—Exchange Of|er to Be Underwritten—
■
shares
'
1946
'
*outstanding---------l-----.---
-
1945—Month—-1944
$2,732,185
taxes
•
>
.Earned
The
stockholders at. their annual meeting, pn March 26 adopted, an
amendment to the company's certificate of incorporation enabling the
company to proceed with a proposed plan to refund all three out¬
standing
issues
of
preferred
vertible preference stock.
stock
/
*
through
of
issue
an
">
,r"
^,
xiew
The
and
annouiiced
company
registration
to
offer
(exchange
share
hpldings
share
differences
It
expects
In the
near
future
basis,
between
for
to**
808,196
.
new
.
,
IOC
March
■
=
/
tieclared - a«dividehd
payable
the
30
April
initial
.
to
dividend
on
of- 25
cents
Gross
Net
from
MONTHS
RESULTS FOR 9
ENDED
FEB.
Net
Net
ry.
—:
^
the
com-
01
—V.
the class
A
520,939
512,516
498,073
218,920
:216,737
232.535
Income—
86,112
72,987
60,785
>>-/
.a
notice
due
to
July
which
1,
for
the
England
New
for account
of
Gas
Association—Files
Electric
&
at
on
a
royalty
the
above
5%
maturity
income
on
bonds
this
of
sum oi $28,395, $15,270 of
this time to the purchase of bonds
sinking fund.
the
advice of counsel, is
time.
-/
/"■
For
the
reasons
set
forth
refraining from advertising
;
:
..
company
/
basis,
but
has negotiated a lease of other coal acreage
operations thereunder have not commenced
prospects for earnings a^
mentioned
funds
will
be
u
result thereof are indefinite.
held
by
the
trustee,
the future prospects of the company are clarified.—V.
2,466,3^6
1,542,791
3,023,152
4,931,677
8,519,128
1,488,132 " ' 1,841,484
2,032,382
Total income
3,587,451
/
144,880
165,724
4,565,943
313,110
charges—
3,459,314
3,492,051
6,892,071'
6,968,293
*1,571,812
650,105
f 2,639,238
1,236,541
"
183,168
302,343
372,036
deductions
fixed
4,307,880
314,294
Net
income
/
.
inc.
debentures
Holders of
•receive
the
of
in
outstanding,
the
York
84'/2%
95,847
Total
common
then
•
and
The
for
stock
stock pot to
dividends. t
common
cumulated
/
Consummation
ceiving
a
than, $10
received,
•Public
be
V
bid
both
The
a
If
limited
are
par
of
all
be
later
second
the
Gas,
has
and
a
further
163,
under the plan to new
invitation
:
for
v
.■
been
agreed
to
,,
j
bids
shall
trustees of
of 'trustees of the lat*
in. principle by
Public Utilities,
fixed
and
1,281,553
1,446,993
261,699
chgs, /
accrued
1946—2 Mos.—1945
1/
$11,703,131 $13,308,772 $23,994,878 $27,196,538 Z
887,950
889,633
1,703,560
2,043,297
430,975
unpaid
real
estate
2,516,888
512,772
taxes
No
charges
on
Old
/ 3,046,590
1,021,093
Colony
and
for
the
are
Included
covering
RR., and Boston & Providence RR. Corp. leases.—V.
1572.
p.
rentals
leased
stated
RR., Hartford & Connecticut Western RR., Providence,
Bristol
)
1
;
:
'
>
,
New York Ontario & Western
'
•
>
Ry.—Earnings—
ac¬
■'■/
//--';:'Vv///r/://:;
of General
inc..
oper.
'
'
:
value of their holdings and
.
1946—Month—1945
revenue...
Old Colony
Warren &
preferred
claims.
iv/V//. .; /v
for
"Includes
est.
is conditioned on New England's re¬
at public offering of not less
bid is less than $11 a share, all bids
and stock, shall, at the election of General
rejected
,
and Providence properties;
also accrued and unpaid charges
against said properties for Boston Terminal Co. taxes and bond inter¬
/
Net
from
Net
.=
1946 '■/
Month of February—
Gross-from
plan
date.
Co.—Purchasing Site for
Boston
Balance
remaining;-
$7
avl.
the
bonds
proposed, plan
New England
the
' /
the
of
for
Utilities,
made.at
exceed
-
Gas
settlement
*
•Net after charges
/
for the new common stock
share.*
a
England
New
in
and
stockholders
preferred
$5.50
of
holdings
common
Insurance
End. Feb. 28—
oper.
railway
Inc.
to $34,99.8,000.
shares
'
•
Net
of $5.50, first) preferred stock are. to
shares
the- new
of
amounting
Life
,
common
exchange
stock
144,322
1162.
p.
New York New Haven & Hartford RR.—Earningsh?^^^
7 Period
shares/consisting of 15V2%, is to be offered for sale
.at competitive bidding and the proceeds paid to Utilities
Investing
Trust and
Associated Gas &
Electric
Corp./- a subsidiary, and the
predecessor company; respectively, of General Public Utilities Corp.
Z
taxes.."
163,
wa* said that the company intends to start construction as soon,
possible and that it is hoped that some of the units may be availAble for occupancy within a
year.^V. 163, p. 783,/
;. ,V :/
4
7^.;
'-7 u '*!'*■'/*, •«* '7- . 7 -»
•
,
\ '] ; I
.'"'sV*
■,*>
V-*'?'
;
new
will Apply, the proceeds :Ot the/sale; together with
treasury, to the retirement at par and accrued interest
its
in
the
of
The
unapplied, until
159, p. 1693. //
Fed.
as
association
.funds
$4,750,000 loan
Morfa, Chair*
Wall St., New York,' N. Y.) in
sinking fund
mortgage
544,250
/*f: It
company has
which provides
$22,500,000
The
:
the termination of the Peabody^ Coal Co. lease in 1945, none
company's properties are now in operation/The trustee has been
advised that the
•and
first
of
16
3,407,101
Net railway oper. inc.
company is purchasing the 141-acre Fresh Meadow Country
Club in Queens, N. Y., for a large scale;
garden-type; apartment bous¬
ing1 project, it Jwas announced on March 22 by George L. Harrison.
filed an amended recapitalization plan with the
for the simultaneous sale at competitive bidding
sinking fund collateral trust bonds and sufficient
shares of the hew. fcoxnmon .'stock out of .the original issue Of 2,300,000
shares to supply $11,500,000. (
'
SEC
^
states that it holds -the
1955.
trustee,
tenders
//; With
the
holders
Co., trustee,
would normally be applied at
.by tender
below
Trust
2,884,507
,
The
The
Monon Coal Co.—Tenders Not Sought at This Time—
The: bankers
x
8,725,838
1,336,121
President.
448,802
174,777
/
'of the same fi.mount.-~~V. 163, p. 1570.
*.">.<•
\
i
tiyi' -';$•: •'• 'Ar.^ifv. /•;h'• *v,;*^¥ v*l'*-: "4' kr*A1 •$$$;'$}■ •'5^¥.■ w$H.C'V'
:
8,280,570
1,525,740
Apartment House Project—
v
■
17,064,6iis
accruals.
tax
New
have approved issuance of the new common stock on a share for
basis in exchange for the 200,000 shares of Class A (no par)
common
and ,50,000 shares
(no" par) Class B common stock of the
railwayrailway—.
1948
86,365,586
12,707,868
oper.
J Deficit.—V.
:
Missouri-KRnsas-Tekas RR.—Refunding—
•man,
83,430,077
8,096,893
4,294,376
Total
Amended Recapitalization Plan with SEC—
a-
41,886,633
Miscell.
pany
;
March 26 voted to seek bids on
^-1
6,097,064
4,027,074
•^Inc.
19,542
by prior iien mortgage 5% bonds. Raymond J.
announced. Proceeds would be used to refund a
■
1946-^2 Mos.--1945
V
V
(no
96,538
The directors on
Leased Lines)
1946—Montli—1945 i-,
VV/V'-V
38,928,742
par) .common stock and suspended from dealings
common stock of that company.
Stockholders of the com¬
shares
$232,226
secured
RR.—Earnings—
Other Income v.——'
'
•
517,036
$1,195,080
exp
York Curfe4 Exchange has admitted" to listing and dealings
The New;
250,000
36,774
.
*
Net rev. from ry. oper."
-
112,226
,
369,547
$1,732,534
-;.'•■/■/:- /•'/:»*;
-
/
Neptune Meter Co.—Listed—
1943
,
^
$1.42
.
$253,616
,
.....
:
centra- share.—^V. 163, p.- 1432.
35,049
163, p. 1432.
269,368
$1,712,116
96,137,945 103,430,202
;
cpmpany/outstanding. The class B stock was /not ;listed.-/-y..l63, p. 1571.
;
305,432
$2,102,081
■
1944
69,647
/
49,983,526
$5,238,000 and net profit, after provision for all taxes, was $202,416
119,160
.
»:
?Railway
307,648
—
$259,557
oper.
1,814,468
45,025,806
/
$8,101,500
-
—
40,235
from
from
'"'y
1,067,639
28
$217,596
85,108
From Jan. 1—Gross
....
1
$3,795,952
revs
"
<
income—--
oper.
„
"
—%££
Railway oper.
holders of- record
the shares since
railway——
railway...
from
....
-1
$3,475,152
29,066
Balance
Railway
per
Comparatiyefiguresfor the similar period, a- year .'ago are un¬
available; For the'siX ; months -ended -Nov. 30/ T945; sales ^amouhte4
Missouri Illinois RR.
"Net ry.
■
$94,039
——
Period End. Feb. 28—
/«
,
Earnings^
1945
i 1946 /
..
1,297,000
3,534,Q<Hi
3,731,523
,
'
$251,715
128,610
88,680
(Including All
share
Month of February—
$381,440
:
Z',
following reclassification of
1946.
——,
pr 94
.
1
79,087;
..
-
2,600,000
294,500
$213,673
pfd.
•
«
•
deducts.
income '
-r
.
492,p23
•
New York Central
Initial
.
parps. 'per share on stock outstanding Feb. 28——
to
-
mortgage bonds
—V. 163, P. 3196.
-
Corp.—Declares
■
profit -after taxed——
Net
L
Divs.-vapplic.Vto
4,464,341
"
-
——_
-*'ptock
.•
13,572,167
3,315,702
*
'/"3,291,3733,112,475
Equip, it jt. fac. rents.
26
distributed
Sales
,
15
above.—V. 163, p. 74.
"
represents
they were publicly
.
Net
•
stock,
capital
pany's stock on Feb: 25,
authorized; the acquisition - of- Joint control
through the purchase of 390 shares of the outstanding capital stock
4 par $ 100)1 of Missouri A /Illinois Bridge & Belt RR, ' at a price:: of
8266.67 a share.—V. 125, p, 1048.
«
*
p'n
the
on
income
Other int. and
,
Co.—Develops Ticket Selling
Fabrics
-March
on
15.,-vThis
April
Missouri & Illinois Bridge & Belt RR.—Control—
The
Mallinson
The' directors
share
,
'
National
'
on
-
14,609,982
704,281
'
Dividend—Earnings—
redemption prices.
s
:
The
plan contemplates that the exchange offer will-be under¬
written and that any shares of. the new preference, stock issuable, in
exchange for outstanding preferred stock not so exchanged will be
sold to underwriters, and that any shares of preferred stock now out¬
standing which shall not be exchanged will be called for redemption-.
It was announced that 85,700 shares out of 110,000 total authorized
shares of the new preference stock will be required for the refunding
plan.
r
t
Upon /completion of the plan the company will have only two
classes of stock: the new preference stock arid the present common
stock.—V. 163, p. 1570. /,
; /
1
' ;
* 1 ■' i
.
'
...
238,655
'./
National Cash Register
.
cash
a
.
.
Gross
Int.
1945
;
! See Baltimore & Ohio RR.
preference stock- on- a
adjustment for dividends and
exchange/ offering price - and / the respective
the
of
shkres
with
———,
—
1,245,341
1945—12 Moa.—1944
.
■
Property-retire-, •reserve--*appropriation*
T
"/
Machines-^*
con¬
statement with the Securities and Exchange Commission,
to holders of outstanding preferred stock
the right to
their
for
that
•*
'• *
.
to filei
•
"a
-
per share—
162, p. 3077.
'// :/
t-T.
2,201,369
$2,058,692 $31,023,732 $29,775,935
'
1,642,360
.216,362
/
Charge* in lieu of
& come taxes
$630,000
335,000
•
$1.88
335,000
$2.06
-// 126.887
«
New Orleans Public Service Inc.—Earnings—
/Other-"taxefr*/:i.^-i—^ ;/
$10,212
profit/after charges .and taxes—$690,000
Common
594,783
84,950
2,034,682
829,311
156,580
2,305,939
537,875
199,460
oper.
// direct
-8
,
$1,047,136
452,891
from
'
V. 163, p. 907.
Bee also
$1,016,077
.
/;'>:.119,941-/S
94,422
Period End. Dec. 31— ;
Operating revenues -—.
Operating exps., exel,
2,735
22,349
National Battery Co. (& Subs.)—Earnings—
.
'
1943
'
ry.
now
expanded to include operations in all parts of the world.
;- '
~v
James M. Landis, Dean of the Harvard Law School, is Chairman
*
1944
$1,070,242
527,801
'242,860
.
Earnings—*
1945
$656,051
railway
60,824,027,
was
corresponding week last year.—V. 163,
'
v
■
been
■'/.'■)
.
New Orleans & Northeastern RR.
//
$19,204
/m57<;f )/*27$,*08.
fact that,
put any money
never
,
\
$12,940
$332,910
w78,852
-V
despite the
good and
any
is, contended.-;
Month of Februaryfrom railway—/
Gross
1,570,199
V Net .deficit
$82,838.
•profit^-V, 163,* p;^ 1432.' - / :
.///-vv .'y).
reorganized
"never
it
ry. oper. income-.
From Jan. 1—
$l,5o7,259
2,502,937
Deductions
holdings in
common
Net
-
$2,170,026
254,494
-
are
of
-
,
$267,899
v,
the
for
to
the New Eng-,
that they are to
sheltered from capital
railway
income..
*-V,' 163. p. :il62.
451,530
,
stockholders
company,
in
Net
$306,249
'
present
decrease of
;
v'-C."
'
expenses—
need
no
the/company, '
Federal
being
now
;
-
oper.
is
them
received.
so
preferred
Net
.
ope£-revenue'——
-.Gross
East
and
•
.Pqriqd
cash
Gross
*l
\
Airlines, Inc.—Earnings-^
End. Jan. 31-~- ;
^ 1946-T-Month—1945 j 1946—7 Mos.—1945
Other income-/---——-
mer-
Co: < of /Cleveland, Ohio/ which ^%ill; have Voting
control
of
both affiliates, *was originally
organized in the summer
of 1946 to distribute in the Middle East the goods,of American manu¬
:
''t
the
Comparable figure for the week ended March 16, 1946
1
:
J
area.
^
T^
Xi r$
Total
affiliate, the Middle East Co. of Iraq, will be headed by
El-Khedery of that country/ who has been an important
the
t'y
e
Total
merchandising.
Others equally important in this
Hussein Oueini Bey; George Karem and Anton Schnaoul.
Karin
f
factor
M
.
of that country's most prominent businessmen
one
\
the
Association, the parent
only new common stock and thus
liability, the px-otestants claim.
their
Net
National
.,
.
of
are
Abdul
9
on
shown
tax
P. 1571.-
592.957
1,856,457
required
»
The Association reports the number of kilowatt hours available for
the week ended March 23, 1946, as 60,477,070, compared with
64,805,061
foi' the week ended March 24, 1945, a decrease of 6.68%. ,,.. .
• /
,-6,226,876
2,415,663.
/1,276,826
7,006,765
is
.'
'/;:/<//;
.
them in
/Weekly Output—:
1943
•.T* v
* *1
,
tax
is
the. N.E.P.A..
into,
1,149,844
497,652
u
6,616,459
■1,823,487
4,784,975
/
711,265
plan
the
objecting Massachusetts
as now constituted. •
—
of their present preferred
and requires them to accept
stock which is to be junior
the
common
of debt.
to
Court.
by
*
df
$3,007,765
^
:
given
holding company to incur
debt to pay the Massachusetts Power & Light Associates'
preferred
stockholders cash which they do not want, they further assert.
,
Common stockholders of the, N.E.P.A. parent are to be given 65%
1
•,
gains
'•There
.
.
Net
■
from railway.
from railway——:..
Net
* -/v".■
:
.
.
!
from railway—
161,149
-
Net
'
objection
any
be
Power
receive
relief,'.'
' •/'-.
'
1944
1945
$3,245,150
$3,525,585
382,776"/'>' 953,36lZi/:- 949,959-:
$2,329,519
Gross
I>#:.I43imi^^M///
s
j
1946
railway——
302,628
raUway^i/^^':/84,647/V;; 105,596-"* 13348V-"
oper.
r-V. :?63,
Month of February—
Gross from
.
will
$85,000,000
Favoritism
land
Chattanooga & St. Louis Ry<^-Earnings—
Nashviile
.
of
the District
of
holding company
a
to
capital
6
an hour
applied for
./:./.
-
claim
.v
1^41.- But, Mr.'MacLeod said, the
company
;
.
notice
order
reasons
-
another"wage increase of I8V2 cents
The
;
/ The $8 cash payment and 1.1 new common shares offered
exchange for each M.P.L., preferred share now held subjects
'
'
'
-.
occurred since
absorbed.
of
exchange
in
Approved—
a
■
" 253,983
previous
preferred stockholders to the plan
The
plan, 'they claim, deprives them
position close to the operating properties,
or near prewar prices in order to meet com¬
though this meant-absorbing wage increases in the price
even
steel-that
cannot
Midland Valley ^ItR^Earnings--;
railway..
week's
one
a
number
Power
*
*
from
This
A
would have to be sold at
Month'of February—
1946 'V'
1945 1944 4943 *
Gross; from railway—A ,;. $117/7317,; $128,643 v $131^53 c i $141,473
Net from railway..—-A
'
36,840
49,926* ' ='57,873* *:
70,464
Net ry. oper) income...
• 18,704
26,44127,423
44,492
ArFrbm
vr
v,
.
:A.,AA«r.
Gross
.
District
under
the
petition
16,000 .sharesAA
v
of reorganization which recently received Securities and
Commission approval, will be vigorously opposed by two
stockholders of Massachusetts Power & Light As-,
of preferred
'
•
,
,
week a year ago.—V. 163, p. 1571.
Association-/-j5lan tp Be/Opposed
,
172,785
price relief applied for had been granted by the Office of
Administration/Mr. MacLeod said; adding the company Is opti¬
mistic about price ceilings being raised. •>/ Mullins kitchen equipment, it was announced several months ago,,
'200,000
137,—
*
Price
■
ft.,
cu.
of
a subsidiary.
/,,. •
■"
opposition will be made at the hearing scheduled for April 15
Court at Boston.
■
■:/:/.v '::'/>/,.//■;•) /)-/•. :
'v,
»
j
The- objectors
must
file
with
the court on
April 8, however. »
statement of their objections to the plan, together with a brief sup¬
porting their objections.
//
,
recent steel increases
,
99,180
;
^
of
production
6.21above
or
•
145,651,000
reported at
\ The
in
Andrew;- MacLeod: /'Vice-President and • Secretary^Treasurer,/ stated
a plant expansion program
is expected to enable the company to/
dffset production losses occurring in the first quarter as a result of
?
ft.,
cu.
sociation,
?
84,100
*29O,0QQ
.
Common
/
57,998
447,805
v
recohversion;/materiai shortages and the Steel-strike.
125,000
,
due 50 years after date
5,%• notes,
445,801
that
$?00,000>
.
cumulative preferred? stock/($25 paV)—:
stock 1500 shares, no par)!/. A—-A./A.//. '=
5%
385,908
$3,000,000^matiirihg/Atxril' l;
it\
,
8,512,000
'•/"
v
is
plan
groups
an
with / treasury
will
s
.
50,748
451,674
The
Exchange
83,558
62,329.
agreement 'dated Dec. 19, 1945'. / The loan, together,
funds,/, vyiU" be used to repay an outstanding loan of'
under/
N;- Y.r
1.89
,/,
OUTSTANDING GIVING' EFFECT W FINANCING;
CAPITALIZATION;
Subordinated
*
1
of
in
first to the retirement of $50,000 series A 5% notes and $72,100 of
7%
preferred^ capital .stock and the balance will be; added to the,
-5
36,023
32,267
30,245
The preferred stockholders on March 23 authorized the company to
borfow $2,500,000 frnxn "the Bank' of The Manhattan Co., New. York,
,
...
..
v../;,/.,'::
•.
New England Power
1943
$219,416
:
Mullins Mfg:. Co.~Bank Loan
.
/54,480
1^4
66,055 '
-
$200,000
1944
$219,403
///■;;/'■ v',/'
.'•/■
A
!
-
taxes
notes-and
5.30
6jB6
sub-
Times earned
1945
$183,032
below.-*~V» 159/p.* 1976.
14,625,
4.81.
ago.
139,000 cu. ft. in the corresponding
.
1161,.; )
p.
year
output in the March 22 week
increase
an
Morse Twist Drill & Machine Co.—Stockholders May
Receive Offer of $210 a Share—See Van Norman Co..
,
14,625x^^15^25^"
8.55
annual
rv.
,
a
Gas
>
;
,
*"-■
<
-
.
f
a
_
Maximum
lan, 1—
V..163,
69,345.;
,
.
.
14,825
.
-require, on
all
*• ordinafced notes
,4t
week
*
34,036
Net ry. oper, income-i',
1
}
outstanding
?
8.41%,
>
1946
Gross from railway,,,^.
Net from railway—
$4,412,768
240,394,
77,492 4.
i//
Z/Z/V
-require, of series B <fc
"Series C notes to be
•
•
<
$209,221
.
Net ry. oper. income—.,
From
-
0 100,388
124,938
//
int.
,
r"
'
company's
the
of
'
Month of "February—•
from railway-—
•'
„
Z "•
,
expansion
$50,000,000 in the next two years.
-•// '•
«///■
//
of
week
ended
March
22,
the Association reports electric
11,967,985 kwh.
This is a decrease of 1,098,743 kwh., or
below production of 13,066,728 kwh. for the corresponding
output
..
notes
on
annual
235,818
.
yjif.;■■■'.•■/•:/'>• ///■./
:/■:.;//)// ■'■///:;;/.::
the
For
new
described
.
Net from, railway
1942.
$7,971,238
188,410
purchased... $18,630,715 $13,400,541
Gross income from oper.
Net
income
avail,
for
■!
"
*
.
(
,
Gross
v
1943
1944
.
shares.
of
Montour RR.*—Earnings—
•
,
President,
expenditure
an
—V. 163, p. 1570.
1945, the company had a total of 2,629 separate notestotaling $1,380,492, on which the average uncollected bal¬
$525.
'7 ' //
Z
'
■
Rand,
Output—
Holders' of common.'
preference stock and the
210,000 shares of preferred stock now
2,000,000
shares
retire
to
cost of about $22,675,000,
a
M.
to
316,967
used
plans involving
31,
was
be
outstanding at
>
stock
offeied
will
/•William
-//
Oct.
receivable
be
meeting on March 26 the shareholders
of preference stock and an increase in the"
shares
common
will
proceeds
obligations; also in making loans or advances against inventory,
machltiery, equipment and other assets.
The company also finances
both retail and wholesale automobile sales fox; distributors and dealers.
It is increasingly
engaged in the purchase of FHA insured instalment
•notes.
Assooiated Gas & Electric predecessor and by representatives of
the first preferred stockholders of New England Gas.-
stockholders'
500,000
authorized
BUSINESS—Corporation,
ter's
ff Monsanto Chemical Co.—Preference Stock Approved
bankers (of which 2,-
same
subscribed for by the. holders
were
1731
ry.
■
railway.....
$500,672
°4,346
♦272,374
> 1944
railway...^
railway
;
from
ry/ oper.
income—/
•Deficit.—V.
>f
••
39,631
*34,265
44,441
*20,084
•
from
Net
Net
/
1943 7/
$699,960 7 $613,643
*177,907
^106,484
7
$548,518
railway..—;L
income
oper.
From Jan. 1—
Gross
1945
163,
p.
1.001.0^0
1
094,323
*15,735
*357,498
*215,544
*547,735
1433.
"
l,427.pcO
1,204,187
77,904 / /
57,245
Z *60,195 s;. *99,441
THE COMMERCIAL & FINANCIAL CHRONICLE
1732:
New York
This
basement
of
increase
its
nounced
Woolwortb
the
facilities
March
on
the
in
a
following
28,
signing of
the
the
district,
downtown
Realty
Co.
:
15-year lease with;;
a
.
Other
plants
Fiberglas
in
located
are
directs
Exchange
stock
The
full
The
that
in
$1.75
.
on
this corownv has
regular dividend on these stocks.
The
income
of
this company ?s
quarter of
1941,
shares of. preferred
received
ware
the '
from
(Minn.)
the
and
1946,
- *
—
*%
company, to resume
T.
D.
its full quarterly dividend.,
the Minnesota company, stated
To Ask
i
!
\
N,''\
y
,
v.,;v
>.
:
,
1573.
1
v ♦.
^ *, V
'
.
the
1968,
1,
Co.,
first
outstanding
have
interest.
been
corporate
will be
trustee,
end
of
due May
Month
of February-—
1946
from
railway——
railway
,1
from
Net ry.
*
income—
oper.
Prom Jan. 1—
Gross
Net
irom
from
Net
"Deficit.—V, 163.
1
1,024,109
218,092
"315.523
126,905
626 575
*
-
127,404
33,846
-
due
covering a
April 15. 1956.
the
The
interest
by amendment.
underwriter.
rate
Carl M.
company is offering holders, of
subscribe for the new debentures at
to
for
every
of
the
shares
70
issue
will
of
be
purchased
Proceeds
from
the
bank
loan,
to
of
a
the
sale
be
will
will
ings
purchased
be
used
to
by
be
7%
rate
held.
used
for
and
company
conversion
features
stock
common
M.
of
Loeb,
preferred
complete
from
1946,
stock.
to
315,000
shares
Ohio Edison
and
163,
Provision
Amort,
expenses
for
eleminate
&
*■
i/
Amort,
oi
prem.
1945
-
prof, taxes
and expense—
3,510,455
1,460,080
Other deductions
^
Net income
on
stock——
five
Total fixed
Net
'
$3,210,162
—
from
"Includes
an
application
with
the Ohio
P.
U.
interest
year)
1945
including
and
to
year,
April
1,
Net from
at
1966;
(which
rates
or
must
Net
be
Jan^l-^COme~ l ' ' n'989
17'628
From
50,000
69,396
;;
Net
from
from
railway.—
185,918
railway.—.-
^ r^-,CPr--,io?me—
loJ, p. 14J4.
*^~V.
"232,977
84.986
V.
payment
to Pennsylvania Edison
Co.
/,
-
29'642
41>222
-
s:-.
;
■
The
"--vt
which
s:
6 Months Ended Jan. 31—
Profit
after
Employees'
Federal
tax
^
V; .!;•
charges_,,_„r._i„_
profit-sharing plan_»^ ;i
on
income
1946
$981,747
147,000
,
$838,461
...-
profit
$298 461
per2648Te"""~~""r~'*
"
$1'85
$L49
'
'
u
'
"
J
Products Co.
—
v
Acquisition Ap¬
their
annual
meeting
on
there
to
1,307
on
common
500,000
would
are
stockholders
shares outstanding.
May
stock,
shares.
It
be available
for
13,
par 25
.
36L500
•
$151,157
.
144,630
J
7,227
6,778
$239,243
$420,311
$148,095
$280,995
.
mechanical
reasons
it
is
not
always
to arrange companies in exact alphabetical
However, they aro always a$ near alphabetical
will
next,
the
that
vote
the
increasing
on
future financing.—V.
additional
common
$254,164
$1"27
-
electric
ended
of -4,294,000
..—V.
output
March
23,
kwh.,
163, p.-1574,
for
this
1946,
or-3.3%y- from
'
and
company
amounted
to
the
*10.120
stock
,
railway
'
'
1943
/
•
$113,847
27,715
*2,943
15*573
196,404
1,580:
*26,114
10,314
*17,781
9,954
r9,121
176,995 ;
/
1944
$112,784
231,348
223,331
24.865
48,363
*1,290
23.164
/
163. P. 1435
I
1946
$134,636
46,218
36,677
from
from
ry.
v
1944
$140,372
55,237
57,636
1945
$111,353
25,249
18,608
'
1943
$96,073
28,606
21,398
1
railway
227,711
55,515
39,965
277,896
-
95,540
76.436
railway
oper.
274.807
97.050
80,881
191.726
58,204
36,711
Pittsburgh & West Virginia Ry*—Earnings—
•
Month of February—
Gross
1946
railway
railway—
Net ry. oper. income
Net
$277,044
from
*273
from
5,434
1945
1944
$671,702 ;/ $576,890
238,492
185,098
196,808
,147,317
1943
# $628,491
225,424
132,027
FromJan. 1—
Gross
Net
from
from
railway——
railway—
income...
-
Net ry, oper.
—V.
618,936
12,674
23,836
1,301,297
465,276
394,672
1,255,509
441,526
268,972
1,153,152
364,860
285,388
163. p. 1435.
Plomb Tool Co.—100 % Stock Distribution—
directors
on
March
25
declared
a
dividend
of one
share
of
capital stock for each share of stock held, payable May 1 to holders
of record April 15, and the usual quarterly cash dividend of 25 cents
record March; 30.
/per share, payable April 15 to holders of
cash distribution was made on: Jan; 15
last,
*
during 1945.—V. . 159, p., 2526.
and
A similar
in each
quarter
r
f
>
Portland General Electric Co.—Definitive BondsDefinitive first
now
available
for
mortgage bonds, aft % series, due July T, 1975, are
delivery against temporary bonds, at the Marine
Midland Trust Co.,
:
New York, N. Y.—V. 162. p. 2685.
;Pressed Steel Car Co., Inc.—Registers with SEC—-
:
registration statement with SEC
for
100,000 shares of-common stock (par $1).
Price to public will
be filed by amendment.
Proceeds will be applied on account of pur¬
chase price of physical assets of Mt. Vernon Car Manufacturing Co.,
a
wholly-owned subsidiary of H. K. Porter Co., Inc.
Balance of pur- ' ' ~
chase price will be provided out- of general
funds of company. * In
addition to fixed assets of Mt.. .Vemon, Pressed Steel Car will also
n; .
purchase Inventory of materials and supplies on hand at the takeover
date July 1, 1946.Mt. Vernon has estimated that such inven¬
tory will approximate $600,000.
Payment therefor will be made out
/
of 'Pressed Steel Car's general funds, as. will working 'capital' for- opderation of Mt,-Vernon plant Walter acquisition.'. Kuhn, Loeb & Co. //.
heads the underwrittng group.—V. 163, p. 1574.
///v'/:.;". ■
;:Company
v
"
Public
March
on
Service
poned—
:
20
Co.
filed
of
a
/Colorado—Refinancing Post¬
!.
-'
* '
y
■
163; p.
1288.
Philadelphia Electric Co.—Weekly Output—
week
4.592
1945
$96,459
4,755
1946
$86,533
from railway
Gross
cents per share, from 125,000 shares
stated
was
special meeting of stockholders to act on proposed refinancing was
held on
March 25 and at the recommendation of the management
A
91 000
428,000
4?:$369,747
The
The
Net
'
stockholders, at
authorized
:
$706,664
112,000-.
465,000
f
^
1945
-
1886.
p.
merger into this company of Harrington Co. on
shares of first preferred stock and eight shares of
50,942
A'!*•'
Oppenheim, Collins & Co., Inc.—Earnings—
-
161,
the
129 441
55,537'
^
•
$42,019
Cr8.523i
1
163, p. 1201.
Net ry. oper. income
From Jan. 1—. ;
with SEC—
March 26 approved
the basis of four
common stock of
Philadelphia Dairy Products Co. for each share,of Harrington stock of
251,725
:
$226,443
•Net: from railway——..
$42,451,400, being
of
proved—To Increase Authorized Common Stock—
3l!077
147.454
3,386
55,038
,
$571,717
Pittsburg & Shawmut RR.—Earnings—
on
Philadelphia Dairy
?
69 913
263,589
116,177 1
57,352
3,418
/
Month of February—
Gross from railway
Net proceeds
Prices to public will be filed by amendment.
Company
,
Gross
Cr30,620
/
___
Income.—
—V. 163. p. 1435.
1Q43
?
$237,947
income
"Deficit.—V.
bidding, and interest and dividend rates will be filed by
Perfex Corp.—Registers
$126,452
2*W
$287,183
Net ry. oper. income—
The
*
$38,933
/
railway
from
Gross
(payable semi-annually on April
rate
a
on
the
Commission
$130,042
45,278
Net ry. oper. income
From Jan. 1—
price for acquisition by company of all of the assets of
Pennsylvania Edison Co. subject to certain liabilities. Names of underwriters will be filed by amendment.—V. 163, p. 1574.
$2,259,952
1944
$107,112
$192,669
26,658
Month of February—
from railway
of the bonds and preferred stock, together with proceeds
to be received by company from sale of 10-year serial
proceeds ($1,376,860), to be received from sale of 68,843
common
stock to Associated Electric Co., "will be applied
and
of
Ry.—Earnings-
:
$516,679
$260,525
20,844
Gross
bids
SSn? UsCoL0rWnnnrdrhSy
1946
639,089
Cr959,195
position as'possiblet'/f
it
February—
471,529
$17.50.—V. 163, p. 1573.
March 20 filed a registration statement 'with SEC
/for 7,500 shares 4'/a% cumulative-preferred stock (par $100) and
w
n
26.164 shares of common
stock ($4 par). - Common stock is being
fu opn
the
The company has
'/offered to common stockholders on basis of one share of new'com¬
1,795,847 common shares already out¬
mon
for each five shares held at a price to be filed by amendment.
standing of a total authorized issue of
2,000,000 shares.
- '
Proceeds from the proposed sale wou.d
Unsubscribed common shares and preferred stock will be publicly of¬
be used to the extent avail-'
fered by underwriters at prices to be filed by amendment.
Net pro¬
c,OI?atruction Program of additional facilities.
ceeds
will be
available for general corporate purposes and will be
a l
that the new common stock to be sold to the
added
to
company's
working
capital
pending
specific
allocation.
!
on the New York Stock Exchange, which is a step
in
the general program of
Wisconsin Co. heads the underwriting group.—V. 160, p.^\470.
Commonwealth & Southern Corp. in its
reorganization pian looking to the divestment
by it of the remaining
Perron Gold Mines, Ltd.—Production Higher—
stock of its other northern "
°f >°hi° EdiS°n °0' and the COm™«
operating subsidiaries.—V. 163, p. 1162.
•
Quarter Ended Dec. 31—
~
• >' ''
'• 1945
:
' 1944 '
Tonnage milled
26,472
22,189
Oklahoma City-Ada-Atoka
r/ Production
^-7 $176,837 M $176,203
Month of
v
$18,089
profits taxes
possible
the sale
toward
unissued shares of
at competitive bid£nle obt.amable according to an announcement by
' SammisApproval must also be obtained from
STJST, f,ailway-—'
$83,474
Net from
railway.-.,-35,146
.
$196,573
.
Cr506,487 Crl,202,503
V1195,288
$66,133
Fed.
order.
,
•
325,238
<
Interest Pay-
—
Net
shares
»nmi°A It i,iSSUj thi? 2?4.153 authorized but
^
8?c» and selL the same t0 the Public
™
t$538,305
—
charges
& excess
($5,000,000)
.
Company has filed
,
NOTE-—For
succeeding
every
bear
y amendment.
To Sell Common at
Competitive Bidding—
.
$79,276
income
Convertible income Debentures, due
3J/2%
15-year
requesting'
Is
at competitive
1,239,601
—_
194&—2 Mos.«—1945
$3,724,106 $4,767,611
4,262,411
4,571,038
$2,270,495
2,191,219
•
purchase
Balance
^
$1,623,094
1,995,928
>.
Misce],: deductions
subscription offering is expected to be the close
April 5, 1946.
The subscription rights will
about that date and will expire on or about April 19,
about
March 21 filed a registration statement with the SEC
fefor $23,500,000 first mortgage bonds, due 1976, and 101,000 shares of
cumulative preferred stock, series C, par $100.
Securities will be sold
$3,499,554
990,155
——
increasing the authorized
shares, par $1.—/
1,500,000
1946-Month—1945
income
Total income
held,> The
Pennsylvania Electric Co.—Registers with SEC—
39L542
\
—$4,200,317
——_—
preferred
each
for
common
th£
or
the
on
of
1
to
notes
Dividends
of
on
to
;/•>;
-
*
Company
3 232 285
139,214
April 15
shares
/ v/-/
accruals-
tax
Net
$8,088,180 $10,287,898
2,288,567
3,164,516
—
•
Net jry; bper» income- /
Other
1895.
p.
3,366,214
1,848,385
2,851,084
1,793,515
2,855,809
4,480,529
''•>«-i.-
15 on 'approving the creation of an.
of new 5%
$10 par cumulative i/
t $372,834
14,185,128
——
'
debt disct.,
on
share
Exchange.—V. 163, p. 1163.
each
of
for
14,452,833
—___
long-term debt
on
called
3,382,494
—
of^plant acquisition adjustments—
Interest
stock
for one share
shares
1,000,000
163,
1 and October 1
multiples of 1/20
of 1%) to be named by the accepted bidder. Bids will be received up
to
12
nnon
April 9 at office of Geo. H. Pabst, Jr., Vice-President,
1811 Broad St. Station, Philadelphia.
I
r
I
The proceeds from the sale of the notes, together with such addi¬
tional funds to be provided by the company as may be required, will
be deposited
in trust immediately with Girard Trust Co., trustee of
the company's indenture dated June 1, 1944, and such funds will be
applied by the trustee to the redemption on June 1, 1946, of $12,000,000
of
secured
notes,
Series A,
and $20,000,000
of 25-year 3y«'/o
secured linking fund notes, Series B, issued and outstanding.—V. 162,
and
Finance
1946
depreciation
Gross income
for
date
April
$35,053,362 $36,049,166
_
Provision for general taxes——
Prov, for Federal income and excess
.
preferred
stock
'
1573.
p.
preferred
Merrill^ Lynch, Pierce, Fenner
for the purchase of $30^000,000 secured serial notes, to be dated April 1, 1946; to be due serially in 20
instalments-of- $1,500,000
each, beginning April
1,
1947,
and on
Co.—Earnings—
12 Months Ended Feb. 28—
Gross revenue
Operating
additional
one
Company
The -bal¬
Reconstruction
old
Pittsburg Shawmut & Northern RR.- -Earnings—
of
all
from
stock
Period End. Feb. 28—
Pennsylvania Co.—Request for Bids—
,
202,730
Co.;
1946, $17.40 and coupon payable Oct. 1, 1946,
>
certain unfinished build¬
the
of
p. 1033.
Ry. oper. revenues
Railway oper. expenses-
prior rights
1,
favor
Pittsburgh & Lake Erie* RR*—Earnings—
has announced its intention, subject to prior effec¬
statement under the Securities Act of 1933,
the holders of its no par common stock the right to
to
to
Interest
will
_
April
on
share
one
250,000
;:;///■;/■>;:/'
v.
Sepr. '1, 1960, at the rate of 3'/2% p6r annum will be paid in respect
of the April 1, 1946 and Oct. 1, 1946 (interest coupons on their respec¬
tive due dates, in the following amounts:
Coupon payable April 1,
the company for repayment
by
of
issue
tDeficit.—V.
$500 debenture
one
18 approved the plan
overwhelming vote.
Stock¬
of the plan and 527
March
an
in
v
Curb
Corporation.
Special stockholders' meeting has been called for
April 8 to .amend
certificate
of
incorporation by increasing authorized common from
redemption April l.—V.
V. 163,
off the present outstanding $46,250,000
The. subscription price will be announced later as will the date on
the rights are to be admitted to dealings -on the New York
named
was
of
Tlie stockholders will also vote
common
which
<
unsubscribed portion
Rhoades & Co. £ .
Any
retiring
cumulative
modernize
the
its
the
by .Carl
incurred
company's outstanding
ance
stock
common
and
Loeb, Rhoades & Co.
voted
preferred stock.
The company contemplates the sale of an
initial 150,000 shares of this issue and 150,000 additional shares of»
common stock; : Approximately $3,000,000 would be added to working.
are expected to be offered publicly around
investment banking syndicate under the joint
ment—
Co.—Registers with SEC—
The
■\
pay
Pennsylvania-Central Airlines Corp.
supplied
as
an
1946.
March 21, filed with the SEC a registration state¬
new
issue of $1,444,500 of convertible debentures,
be
shares
convertible
registration
a
be issued on or
The company, on
ment
of
business
ol
■■
Norwalk Tire & Rubber
be asked to m
of the com¬
Riper Aircraft Corp.-^-To Create Preferred Issue—
debentures
April by
offering
1434,
p.
/- /-v/■;./.
held
by
meeting
a
The stockholders will vote April
company
:ecord
860,718
213,362
112,027
924,029
at
178,331
the'basis
"Railway
subscribe
-
"200,852
income,—
oper.
ry.
'
,
railway,—
railway...
-
36,329
meeting on April 30 will
which key executive employees
Cr586,211
3943 $
$436,064"
1^4,457 v
51,895
;
86.4'<5
•>,
;
3944
$476,101
ft,025
48,126
1945
,$476,201
$280,922
♦08J72
*150,660
their
'
Peninsular Telephone Co.-r-Rights—
of
Northwestern Pacific RR.—Earnings—
at the National
preferred stock and one share of common stock.t;
plan will not become effective unless at least 75%
of the '
authorized
1163.
p.
on May
1, next, at 102 and
City National Bank & Trust
LaSalle St., Chicago, 111.—V. 161,
South
208
1962, V
presently outstanding participating- preferred stock is exchanged pur- /
suance to the plan.
1
For further details see V.: 163, p. 1435.
/
*
H
v
; "
filing of a Tegistratlon statement
Beane; Glore Forgah & Co. and Halsey Stuart & Co., Inc.—V.
The
Gross
to
management of Kidder Peabody &
*/
tiveness
Net
used
be
The new serial
the
at
new
The
"•
'*'■' ^ji;
debt, on which the call premium totals around $1,000,000. The new
issue will provide about $27,000,000 of new money which will be used:
to finance property additions.
the
convertible bonds
mortgage
made
holding
on
of
for redemption
called
Payment
stockholders
stock
-H
of
'
^
:
.'■%
•
due
of a total of- 184,519 shares outstanding.
reorganization, a new class of convertiblestock will be created. ' Holders of the present par¬
ticipating preferred stock will be offered the right to exchange their
shares for
the new convertible
prior preferred • stock and
common
covering the issuance of $50,000,000 of serial debentures..
will
Proceeds
&
of
at
through
"
>
Nor thern Utilities Co.—Calls Convertible Bonds—
All
'
'V'1'^<
.
the SEC
with
i
•. - v.
.
debentures
preferred
.
directors have authorized the
The
justified in increasing
the favorable outlook for this area."—V. 163, p.
St.,
Wall
23
.
the
on
should be presented
1946,
reorganization of the corporation
prior
Corp.—Pinellas Park, Fla.—Registers with
v
.
-
1,
trustee,
•
,
Panhandle Eastern Pipe Line Co.—Will File Debs.—
the dividend at this time because
of the stabilized economic condition that is becoming more and more ;
apparent throughout the territory served by the system.
"We felt,"
he said, "that this action, in conjunction with the recently announced >
reduction In electric rates, is further evidence of our confidence in
felt
"
voted against the' plan, out
V / Pursuance to the plan of
,
a request
for- tenders of not to ex-,
stock at a net price of $100 a share.
future, it was
Inc.,- Chicago, is named principal underwriter.
t
P -iVy'v:i!•;, )<$.»
that his
Crocker, President of
directors
plan
a
holders
Company on Marck'22 file'd V registration statement with SEC for .
shares common stock (par $1).
Frice to the public is $3.25
share.
Proceeds will be applied for purchase of a plant occu- <
pied by company under lease, for a new dryer, for repayment of notes
and royalties and balance for working capital,
Floyd D. Cerf Co.,
Co.
the Dela¬
enables
stock
this
on
Incorporated,
interest
Pig'n Whistle Corp.—Plan Ratified—
per
Power
States
Northern
of
dividend
due on May
stockholders
/'The
of
t<* stqckholders in the near
250,000
.
stock
common
increased
Co.
"■
"
accrued
,
the
to purchase the company's shares on an
over a period of years.
The number of
shares involved would not exceed,: 250.000.—V. .163, p. 1574.
■SEC—:;.;-
,
dividends
from
wholly
derived
Palmetex
■
This
■
&
Morgan
Y.
collect
pany may be granted options
installment basis at $58 each
capital
company's
the
rk
,
authorized
have
directors
10,000
request will be mailed
Said.—-V, 160. P.; 469.
:
dividend amounts to
6% stock.
Since the last:
paid: only three-quarters of the
to
coupons
The
contracts
Exchange
The
,
dividends on the 6% and 7% preferred stocks;:
by the directors at their meeting on March 22, payable-
holders of record March 30.
the 7% stock and $1.50 on the
20
P.
N.
to
„
April 17, 1946, shall be ex said distribution; and that all due-
on
ceed
quarterly
declared
J,
order
■<
1
-
Pacific Portland-Cement Co. Consolidated
Resumes Full Dividend on Preferred Stocks—
April
of
York,
City Bank of New York, 55 Wall St./ New York, N. Y.—V. 163, p. 1574, /:
'* ■
'
'
'
'v
'■» 1 . • '
,r
;y
Phillips Petroleum Co,—To Vote 011 Stock Options—
'
were
1962, at 101% and $100,000 of 20-year 37c. debentures due"/
1, 1963, at 103Va and interest.
Payment will be made at the
/;In
Burlington,
I.;
R.
bills must be redeemed on April 18, 1946.—V. 163, p. 1573.-
1946,
\
»*'
-
Ashton,
Articles of Amendment'to the Charter were filed-on March 26,
for tthe •,
of 4.6%.
corresponding week last year, an increase
office
pursuant to which a split-up will be effected in the capital stock, of *
par value, by distribution on April 15, 1946, of one additional share ,
to holders of each share of record March 26, 1946. The New York Stock
Output—
States Power Co.: (Del.)—Weekly
Northern
Electric output-of this company for the week ended-March 23,
totaled 48,109,000'-kwh./ as .compared'with- 45,991,000' kwh".:
March
the
in
New
the
has called for redemption on May 1, next, out of'
sinking fund, $100,000 of 20-year 3% debentures due-
company
1,
May
.
for.Tenders of Stock-r^-
v
to
approve
;\v
•
purchase
operated under
$910,000
The
moneys
no
Building.
The boilers will use oil for fuel.
According to > y;
present plans,- the station will be used only for peak load operation.—r-
H;// ./ i /v;/
of
-"'
above cor¬
that the
Pacific Mills-^Sto'ck Distribution—
worth
.
bid
Philip Morris & Co., Ltd., Inc.—Partial Redemptions—
;
the
announced
'
*
2276,
its
accepted
by
21
and Newark,-Ohio.—V. 163, p,Ml63.
N. J.,
operation, he added, by decreasing the frequency qf using. small.
auxiliary plants on lease. ■/"/■/■
•/''
v/.
The corporation will install three boilers having a total capacity of^
150,000 pounds of steam, an hour in the sub-basement of the Wool-
p.
Corporation, has
equally
March
on
,
peak period next year.
."
•
•
•
v'
1 '
Rapidly increasing district steam demand in the downtown business
in recent years, including supply to municipal and state buildings
c! Foley Square,' the Woolworth Building and-other business structures, has necessitated additional generating facilities in that area,
according to Harry J. Bauer, Vice-President of New York Steam Corp. .
Utilization of existing space in the Woolworth Building is the quickest
and most economical way to meet that demand under present condi-;
tions,
Mr. Bauer said.
The
new
plant will increase efficiency of
162,
owned
Works,
...
area
V.
Corp.,
Glass
the plant in
Huntingdon, Pai, which Fiberglas has
lease since 1943.
,v
>
Two months ago the Reconstruction Finance - Corporation accepted
the Fiberglas corporation's $650,000 bid to purchase a 35-acre indus¬
trial
property in Kansas City, Kansas.
The Fiberglas corporation
was to have begun manufacturing
operations in the Kansas City areawhen the war ended.
-
winter
Assets
War
When in operation, the new plant will supply all;
steam requirements of the Woolworth Building and furnish an additional
100,000 pounds of steam an hour for other district steam
customers in the area.
It is expected to be in operation during the
Woolco
and Corning
poration
an- n
company
Fiberglas
Owens-Corning
steam-generating station in the
Building in New York City, in order to
install
will
Owens-Illinois Glass Co.—Unit Buys Plant—
Expand Service—
Steam Corp.—To
corporation
Monday, April 1, 1946
its
r
v
subsidiaries
126,240,000
kwh.,
corresponding
a.
week
for
the
decrease
of
adjourned sine die without action being taken.
' .|
•After the directors had approved the plan in January, the question
was
1945.
;
,
>as raised
of
V:.
as
to whether or not the plan Is
the Federal Power Commission,—V.
'
v
subject to the Jurisdiction
163, p. 819.
(Continued on page 1770)
.
>•'.>.:
:f
j
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
Volume 163
Stock and Bond Sales
DAILY
New York Stock Exchange
«»
WEEKLY
-
disregarded in the day's range, anless they are the only transactions of the day. No account la taken of such sales in computing the range for the year.
NOTlOl—CBiH end deferred deUvorj sales axe
United States f^verptmant S
Below we furnish a daily record of the
<
Mar. 23
Treasury
?%s, Sept.,
—1
ICIOM
-
.
1949-52^
3%S,
.
■.
,
,,
.
[High
2%s, 1951-63-.
V '7
'
■
■<
)y
-,
■
v-.;
•.
105.6
105
105.2
104.27
105.4
105.6
4
13
17
■
(High
^—{ Low
,
I Close -?3
Total sales In $1,000 units—
[High
1956-59—
{ Low
Sy4S
-----
[Close
■
.
Total sales in $1,000 tinlts^—i
(High
2%s, June, 1959-62——.——{ Low >
-t
rs
? >. [Close :
Total sales In $1,000 units
f
units——
'
.
(High
**•' 1948"51
.
105.4
104.27
104.29
Low s
i
i
,V
1%», 1954-68
{^w
Total sales In $1,000
j
11.
^^
( Higo
''if. V'-V;
•
104.27
104.29
vvi-' XCtos*
'
-ju,
#%a, 1956-60
Mar. 29
Total sales in $1,000 units————
I High
:
104.29
Close
^
Total sales In $1,000 units-——
* W51-M
Mar. 28
—.{Low
-
2%S, 1952-55.......
—Loo
[Close
11, 1946-48——
"■
Mar. 27
Total sales in $1,000 units—
f High
.<
fHigh
-KV.'r vii.
Mar. 20
'
5
X
[Close
sales'In ti.ooc units.
Total
■
Mar. 25
——{ Low
Total sales in $1,000 units..
^
,
{Low
—
t High
-
1967-72
[High
2%S, Dec., 1967-1972—Low
"...
[Close
~
-
,
Mar. 23
[Close
Total sales In $1,000 units—
Total sales In 11,000 units—
>:k
point.
a
'
Total sales in $1,000 units—
3%8, 1946-49
of
Dally Record of U. 8. Bond Pries*
Mar. 29
Mar. 27 « Mar. 28
Mar, 26
Mar. 25
Treasury
4%s, 1947-63
the New York Stock Exchange
on
transactions in Treasury bonds on the New York Stock Exchange during the current week.
'.Figures after decimal point represent one or more 32d
*
.
.
Daily Record of V. 8. Bead Prices
YEARLY
-
••
[Close
,
.
.
....
Total sales In $1,000 units.
'
[High
2%s, Dec., 1959-1962————J Low
;
*%«, 1951-64——
^
■
i
/••"<••■yyi> 'I.''-I
>
^
j I
ClOSC
Total sales In $1,000 units—
f Hign
1947... .......,i.—Low
2s,
[Close
Total sales in $1,000 units
;
I Hign
2s, March 1948-50...
._{ Low
//■] Close
'■7?
Total sales in $1,000 units—
is, Dec.'1948-50——Low
[Close
Total sales In$1,000 unlts^..^.L^w
:f rilgu
2s, June, 1949-1951'
'
_
Low
"
[Close
.
Total sales in $1,000 units.—.
Low
!Hlgh
Closs
/ ;
xotai saies in si.ouu units.
i
IiUgn
<
2s, Dec., 1949-1951.————{ Low
•
(Close-'
-:V
Total sales in $1,000 units-——
>
■
[High
'
8s, March,
?
'
1950-1952—....—{ Low
(Close
■
•'
Total sales in >1,000 units*——
v-^'V.
[High
Is, Sept.,
1950-1952—4——{ Low
^ Total s$les in $i,0oo »«^
[High
as,
.
1951-1963-^i—I
Low
[Close
,
,
Total sales in $1,000 units—..—'
8s,
■
1951—55
(High
«i in .in
.iii.i.......
.hi
.i.
( Low
Total sales in $1,000 units....—
f&igh
LOW
Close
Tosai saies in $1,000 units—.—.
[High
\
8S. Dec., 1952-54—
Low
Total sales in $1,000 units^.^.
«•
...
[High
■
J low
-yyi-LC
[Close:
1953-55
'
Total sales in $1,000 units
106.14
106.13
106.14
www'
0
'r":'1*
Close
J'*
;=.
fHigb
I
xotai
saies
in
ai.uuu units—
106.16
.
Low
106.16
"V
"
106.16
iClose
(High
Low
;
>%s, 1950—Low
'
[Close
Total sales in $1,000 units
104.28
105
104.28
104.
104.28
105
•Odd
lot
sales.
^Registered bond
transaction.
NEW YORK STOCK RECORD
LOW AND HIGH
-Saturday^
Monday
Tuesday^
Mar. 23
.
Mar. 25
Mar. 26
116% 116%
U2
•115%' lieVa
21
•
56
37 Va
37%
16'/a
16%
53%
•52%
135
♦132
9% '
9%
52
37%
,
37%
16%
16%
53J/a
53%
•132
135
9%
9%
■
•132
:
.
•
9%
135
9%
,
.
.
*111% 112
*131
16
•36%
•52
37y4
16%
20%
*6%
*"5%
"*6%
56 y4
56%
57
58y4
72
71%
72
44s%
•70
42%
52%
112
•107
24
•23
199
24
33%
.
199
24%
34
43
♦23%
24
203%
247/a
27 y4
34 y4
34%
201
For footnotes see
page
44%
♦107
112
•107
6% :
57 y»
♦71
1744.
74
56
•70%
44
45%
112
23% 23%
208
203 %"
26
'26%
34%
6%
6%
58
*35%
♦107
?
; :
16
:
54y4
9%
Abbott Laboratories———Jgo
par
82 Va Jan
Motors
Lowest
$ per share
116 % Mar 22
4
111% Feb
ACF-Brill
,
16%
9%
41
40%
57%.
6%
:
6%
,
„
44
44
44%
45
112
*108%
112
:
83%
198
"•25%
26%
♦25
34%
35%
35
23
23%
Aldens
,
—-
26%
r
>
Par
Mar 25
60
Feb
25
19
Feb
1
38
Feb
18
9% Jan
25% Apr
19V« Feb 26
4
57
3
i57/a Mar 15
32
Allied Chemical & Dye
Allied Kid Cn. -
Allied Miljs Oo Inc—
25%
34%
.34%
2,800
29
'
Allen Industries Inc———
1
38%
Jan
56
Dec
1
98V4 Jan
6% Jan
122
Deo
58
134
Feb
Mar
-12% Feb
6
8y4 Jan 28
7
3
Jan 25
Mar" 5
108
21
-
185% Jan
2
f
22% Jan
7
_No pa*
33
Feb 26
v
34% Nov
21% Deo
9% NOV
41% Mar 29
82
1
Deo
Deo
69% Jan 28
JV<5 por
21% Dec
47%
17
3
Jan
>
1
3
68% Jan
.
20% Feb
5y4 Jan
38
105
:
Jan
22% Apr
52% Jan
;
13 y8 Mar
32%
114
Dec
17% Deo
35
iDeo
Jan
41% Jan 28
i
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6 % gtd——
-100
900
Jan
...100
•
war
23
1,100
2,400
39 Mi Mar 28
5
1'
24% Feb 18
Jan
50
Feb 25
122
Jan
9
8% Jan
3
10
Inc
Jun
Jan
130
44 y4 Jan
—10
—
200
25%
198
35
.
200
;
Address-Mutigr Corp
'Allegheny Corp.
5%% pf A with $30
200
3,000
v
1
J7o
Nov;
115
116.
2
30% Feb 26
1Q
:
Corp—.
Alaska. Juneau Gold Min
800
72
*107
•196" 201%
/ 6,300
3,800
/
Express
Adams-Minis
60% Jan
111% Apr
19
15
Admiral Corp. .........l
Air Reduction Inc
JVo par
Alabama & Vicksburg Ry——100
31,100
6%
♦71
900=
-
9%.
41%'
58
Adams
$ per share
88
Jan
24
Highest
i per share
112
Co————2.50
Acme Steel Co—
;
—-
3,500
9,200
557/a
135
57
71%
>
16%
•
*132
9%
37
-
55
54%
39%
*70
71%
44%
;
2.500
6,200
■-:•"
55
37
■V
135
6%
56%
6%
23y4 '23%
16%
*132
56%
112
5,600
37
21%
21
*52
55
37
"
9%
36%
37
21%
36%
■
*6%
:•
t per share
par
4% preferred-—.
.——100
Abraham & Straus————No par
,
70
Year 1945
v
'
' 53% : .54%
*132
135
9%
16%
?
Range Since January 1
Highest
Lowest
,
'
170
- 16
16%
EXCHANGE
700
133
132
Range for Previous
NEW YORK STOCK
Shares
114%
*ii2y8 112%
53%
^
113
113
.
the Week
'$ per share
.
*129
130
*36%
ieya
55
,37%
37%
: 16%
16%
/ 54 -/ 547/a
'
113
*52
21%
.
•52
•36%
\.t per share :
16%
37%
21%
15%
37y«
20%
163/4
38
21
55
37
20%
20%
•52
16
130
./.IMar, 20/.
.Mar. 28
♦112y8 112%
130
130
16%
37%
21%
15%
STOCKS
Sales for '
Friday
Thursday
,
•110%. 114
112% 112ya
130
130
.
Mar. 27
114-114%
:
112
1123/4
•126
130
15%
15%
36 Va
37
112
Wednesday
I per share <%$ per share
$ per share
<'■■$ per share
'
SALE PRICES
Jan
28
48% Feb
6
Feb 18
25
Jan
30
210
Jan
17
29% Jan 28
2%
Jan
34% Jan
56
Jan
22% Jan
91
Jan
13% Jan
153% Mar
15%
Jan
27% Aug
~6% Deo
60% Jun
I 74
Dec
42% Deo
"108
Deo
25% Deo
194
24%
Deo
Deo
36% Deo
THE COMMERCIAL & FINANCIAL CHRONICLE •
NEW YORK STOCK RECORD
stocks.-"- '
$ per
'
$ per
share
51%
*
52 y4
55%
105 Va
'
52
51%
$ per
share
105 Va
I 52
:
52%
42
92
♦79 JA
53%
533/4
533/4
13%
95 y2
96%./
*207
v"
210
62%
125 >
73
27
•27
*106%
106%
// 9%
9%.
♦18
18%
1}% 49>.
11%
61 %:
9%
~
■
36'A
10%
:-10%i
58 :/
/ 10
v'
10
-
*54
/:'
58
-
*54
•
10%
-
109%- 110%
V 111%
111
16%
,113/4
.,*49%
36
43%
17%
35
-
95%
16%
118%
.
120%
121
66%
*182%
46%
42%
*32
*31%
/■♦53'-:;
31%
48%-
-
*55%
-
,n
122%
122%
122
20%
103.
:.29%
48%
♦165
.
-
/
55%-
..
/
183%
50%
50%
67%
63%
183% 184
766%
47.
32%
Preferred
/
*33%
33%
155
...551/2
.
155
56
*50
§6&
.
American
Seating
/ 560
Amer Ship
16,700
Amer Smelting & Refg—-
U,080
2,200
45%
5,900
43
i
900
54%
55
;2,100
l5t
300
.151♦56
»
Dec
>
127
Jan .*■
27
Jan
Dec
Dec
156%
Oct'
149
112% Mar
14
Nov
:
42
Jan
110
Dec
67%
Jan
96<i
,5-
10
Dec
69
Dec
18% Jan*
16
27%
Dec
105% Apy;
109%
Jun
28
55 Va Mar 29
98 :
6
91
,
:43% Jun
8% NOV
Xll7% Nov
46
Nov
109% Dec
Mar
.
9
38%
28
6
Jan
63
Jan
28
47
Mar
112
Feb
56%
Jan
12% Jan
:
■
1
Jan
55% Jan
-
•
19% Nov
20% Jan
30
Dec
10% Dec /
58
.68% Jan;
z
7.
Dec r
9% Dec
/-i
2% Jan
,
9
Feb
Jan
Jan
—.27... Jan.
29
.
43% Jan
113
3%
10%
28
124% Feb
57'
30% Jan
15/
11% Feb
Dec
■109
>
Dec
15% Feb
<
13% Jan
26
2
34% Mar 13
44 % Jan
15
26
118% Jan
3
108
Jan
t
Nov
41%
Jan
15
14% Dec
>15 / Dec
■;/': 14% Oct
y/54
oct
'-.
..
48%'Apr
Jan 11
51
-
Jan7% Jan
,..9
4
,
,
103
Jan
70
Mar 25
105
26
49% Feb
«%• Jan
18% Mar 29
22
21
'
56 Vi
■•••'
/
,:. .- \r 1
•
No
Co
17 / Feb
;•
-123
-
Dec
NOV
<
American
*
Feb
6
■';
21'.; - Mar
■
148% Mar 27
-
4*
NOV
19% Dec
39% Nov
11% Mar
•
Mar 22
v.
.
24% Jan
130% Jari
41% Jan
98
13
„
,
142% May
86% Dec
,
48% Mkr 26
3/
2
20% Jari 24
124/4 Mar 29
Z,/. 2% Jan
97/4 Jari
Jari
104%
Dec
88% Jan
2
Mar 28
54% Jan
95%
Dec
17% Jan
3
Feb 16
Feb 14'
11%
19%
180
-
114
2l
"
186
1
Mar
27% Jan
26
5
Feb
26
27
par
-13% Nov
Jan
30% Dec
99 ;y Oct
15% Jan
'
75
Jan
38
Dec
31%
18% Jan
33% Feb: 6- ■Mj. 7%SJatf/
T 32
51
Mar 19
Aug
:
Dec
Mar
184
Jan
170
Mar 22
•50
4
33% Mar
80%
36% Feb
6
•103% Mar 18
3
95% Feb
35% Jan
Nov
44% Nov
t
45;
-No par
100
-100
Jan
Dec
50%
Nov
56% Mar 27
Aug
27%
Jan
43%
Dec
17%
Jan
29
Dec
si;/
22% Jari
Dec
151
Dec
,
^
/
Dec
60
41
Aug
128% Jan
,
M4r 29
157
8
6
184
Feb
153
31
4
58% Feb
8
47% Jan
181 y
Apr
Feb lr
36
y28% Jan
.49% Mar 13
147
Jan
41%
6
33% Mar 26
2
2<% aan
Jari
50% Feb
39% Mar 13^;.
—No par
Sugar Refining—
170
8
Jan
160
50% Feb
Dec:
164%
Mar 27
184
Mar 27
68/4
40% Jan
73% Jdn 29
60% Mar 4
Feb 14
177
Preferred^----—
Am 8umatrg Tobacco———No par
j 600
417/„ Feb
40% Jari
No par
—z—
/American Stove. Co——
,f.
4
Jan 24-
47% Mar'25 '
:
•
•
25
33% Mar
NO par
:
,
45 Vi Mar 21
8
2U% FeO
34% Feb 25
18.50
Building Co
American Stores
2,700
33%
33
-
Oct
199
39
Feb -.-I'
14% Jan
12 % Feb
', Preferred i-------;—-——---i-100
American Snuff—-i.^25
6% non-cum preferred
^-100
Amer Steel Foundries^-——No. par
32%
757
112%
Jan
69
-
99 % Jan
Mill——/^-lO
■;4%% conv preferred—.*---100
/1,200
54%
156
156
56%
'153*
.-
-Feb
.
20% Jan
>
-11% Jan
•American.. Rolling
Safety Razor
32%
-
Jan
Feb 20
97
—100
—
American
33%
54
54%
157%
54Vi
.54% ••55/'
——
]4,800<
.
170
42/4
.
Dec
Feb
NOV
7
''86';;preferrtd-a/.izatfZ»---NO; -pafi;$5 preferred^——
-No par
'
184-
♦165
32%
17
89%
66% Mar 27
21
_Nd par
6f%
6f%
.45/4
*32 Va
Oct
Jan
29%
-
/'54-% Mar 14
preferred
50%
183%
42%
Dec
55%
135
10% Aug
109 Feb
•
115% Jan
30^-
*49%
r.
41%
',.
23%
15% Aug
/"Sc4t/:Mar/
128
Oct?
Jan
8 /:
9% Jan
Am Bad & Stand San'y___„No par
26,300
12,810
33
103%
47%
30%
45%
170
*165,
•
33 %
:.
,
*45
45%-
45
#
_
w
Dec
Jun
80
6,9% Jan
183%
32% Jan
3
47% Feb
"Amer powet:ft LighiZiS^---Nfi« par;
.30
:
186
46%
:
41% pec
Jan
74'% Mar 26
-
32% Mar 15
106 - Mar 27
73
35,100
,
3-
Jan
140
a,700
20'4
j
20%
*183%
67%
20%
13%
Jan
American News Co—4——.JVo par<
New
No par
90
16%
.103
184
•
113
;/■ A % preferred—100
r 610
i
.5,100
;
94%
30% Mar 26
Jan
"
No par
Locomotive—
iS.OOO
...
47-
■
32
50%
184
4*3%
33
56%
*56%
30%
Dec
42% Jan
16
155% Jah
-
>11% Mar 12
Amer Metals Co Ltd—i—
113%
47 V
37
*
Amer Macfr & F< ly Coz—No par
Amer Mach & Metais—
—No par
124%
:*3d/ ;3ow.,u
29%
..
68%
43%
33
55%
*152
'
;
1 '
2,600
'*/
.22,800
,3,700
32
46%
1%
•
.I02.%:io3;%v>/'
50%
29%
170
.♦165
155
54
.
,45%
.
,33
32%
31%-
53%-
..183/4
170
-
31%
32%
103%
American
j '
Zy 10,300
113
186/
Jan
-
18'
jt^.IO
Leather
&
25
8 : Jan
.
// 5% conv preferred'—1.^——ii-50
600
122%
•
Jan
d'
40% Jan
-150
48 / Feb
.1,/
No par
ul—-No* par
preferred
i-JOO
Airier Interhat Corpz_^
N& par
.
43%
32
,
-
*133/2
46%. <46%
51 /
68%
;
46%
.
.
43
42%:
/
.
36
,16/a
/
Dec
Aug
-
Tiling
American Invest Co
50
i
149 '
*46/4
.
■
31%
49
47
.,
V',|o*""^0 #■,'
186
v..32%; 34:./
102% 103;/
182%. 183%
46%-
18
*147
16%
122% 124
112V/ 114
.
21
*183%
48-..-
16
1121/
112
21%
21
..46^.
.
161/2
124
Dec
43% May
28
Jari 25-
•132
Mar 21
|05% Jari
6 % non-cum
12,100
!4*2%;
1
18/
,/
Sep/
? 11% Dec '
'
-35%
/
149
.
35
Jan
103
210'% Mar 29
70% Jab 16
5*
Mar
24% Jan
;
American: IC«—
500
116%
42
■
35%
35%
*147
' ; 47%
JL83/al83%
68%
182%- /
.
•
-
04
9% conv preferred—
American Home Products--—zu.".!
2,300
/
112
111%
51
67
.17.%'.
Dec 3
;,/■
■.-
12%
Hide
American
*
s I 36%
*116%;
42%
1$ V;
42
:
36%
148%
36%
;
16%
.51
51
44%
z'
s
hnfcausftc
American Hawaiian SS Co
I 100
50
•49%
*116% 118%
;
18%
•46
29/4
66%--
J
18
lt'/a
21%
*29
43
48%
-
30
155
♦152
116%
.
■
.{
56%
/ 17% Feb
1
/ 106% Jan 15
10
24% Jan i 3
10
,•
-
137% Feb
preferred..:
l.!
N& pair
•7 2d preferred A—---—.*~N6 pat
S6 preferred
No par
24,000
y
>
' ■;'
183%
32
33%
102% 103
48%
49
103
32 Va
-
116%
48
111%
21
170
*165
;,.v;35%,_36^ ——•^.36'
148
„
51
*50
49%
■V
143--,
183%
183 %-
*29%
12/4
49%
13.
.16%
122
•
110%
21
/.;, 48%
*11%;
■
/
57% Feb
136
34% Mar 20
131
87
100
f
14
14. ■
mw
21/'
Mar 28
120
par
American Export Lirreirlnc
Airier & Pdrelgh Powfetz——NO1 pat
3,100
18/4
108
:
■,,
36%
.
16%
109% 110
31%
14%;
" 14%
14
i
50 /
.147
48%
16%
47%
102%
;
♦104
108
36%
44%
18%
36%
r.r
I 500
;
par
Distltllhg Co Stamped-——20
Amer
I 300
4,700
•••*
17%
17%
* 17
*104
/
Jan
17
Jan
-
Dec
Dec
3Va Jan
30
81% Jan 28
30
Jan 14-
57% Mar 13
1,8% 1st >rfeferred-.—2Z-—100
'
10,300
110%
110 %
111%
*49/2
J5%
„
98
16%
*181%
17%.
»in
::
American Crystal Sugar
1,500
57
Wt.i 57
-58:
110%
•41
'
90/4 Mar 13
// iY» % pfefdrred-/.-CZ2^.-z^./J50 Z
900
18,500
118
*11%
"
Cothrtvpe CQZ
10,000
•
% li,
<118
2
196% Jan
^—100
No par
10
Airier European Secs:__
11%
...43%
.18%
18%'
35% -35%
147/4-147%
.
148-/
20%
*55.i
107
.
14%.
>
Amer
:
>500
37'A
117
Chl'cle
i 290
: 55%
26
Dec
'
95% Mar 22
,7
/12% Mar 14
-_10O
No
preferredz
conv
19%
49%-
>117
117
18
35%-
-
*147
10%
58 //
No
Inez
American
10 1/2
,
*/
PdyL.,:
2,200
.51%
11%
50
:
■Jan
45% Jan
20% Mar 13
;
25
preferred.
Cable
American
.
.
&
11,100
11%
■,:..367a
43%--43%
17%-
1
1
&
non-Curn
Chain
9%
49%
-
:
Am
64Vi
f;:\
43%
.
28
3T%- 37%'
...,36/4. .37%;,
108
*106
107/4 107%
51/8
Z *51 4 .32;;./ /' , .51%
10W 10 Vi
10%
10%
51%
16%
45'/
14%
;
37
-
116%
116%
*116
50
*49%
■
117% 118%
,
36%
z 106
*104
107
*104
11%
*11V4
353/4
35 y8
•'(/
47% 217 %
z
14%
14%
14%
11%
50
14%
600
106
<18%:
)■
48%
23'
17
I
104 7/a
Jan
102 %
155Mar 29
25
Jan
78
131
Z
9%-
■
,
51%
10%
■
*55%.
111% 112
■
5%
'
105
105.
♦103105
58
-
:
19%
.
51%
51%
10%
111%
111
•18%
118V
105
*
9%
■11
•51-=//
•10%
*55
•
*8
17%
17%
51
5110
.:
76'
-
-
71
26/
Feb
•
6
11% Jan
Feb
,
33
—w-100 /
63%.
64%
;£%
18%
<
■•
36/8
37 ya-
1071/2
51
-
-
63%
9%
118
107%
371/4
50% -50%
66'/a
10%
118%
118
50% -
,*49%
11%*
50%
108
*106
♦106% 108
5iy2
18 %Z
18%
118
36%
37% *
363/4
-
118
118
*117%
18 %
49
//itv/
11%"
9%
50%
11%'
18%
49 y4
•■:/>
/ 7%
3,100
106
71.
par
No
£ Radio Corp
Cfil"
American
] 300
1,900
30
*27%
28-
107%
<i
$ per share
38/a Jan
'
37% Mar 26
Mat 1.
30-
106
Can
American
'
9%
18%:
50/a
10
*26%
*73
/
7T
*74,
*106
.;i
//Highest
share
per
20%
<
15' /
58% Jan
Mar 29
Feb
55
1
s
8%
128% Feb
par
preferred
Cable
Amer
240
29%
Corp
-/■ Preferred*
4,700
146
145
'
27%
V J 4, »
60/4
61%
60%
-
.
Corp_j,_No
Shod Co—<
Brake
5%%
1^,400
4,400
/ J 200
•
30%
30%
107
i'3%
135
Bosch
vnerican
Am
60
97%
*132%
$
y/Z
rQ4' j >64,%/
*124% 127 '
35%
35;%
145 /.
76
.
271/4
106%
•
I'; 56%
63
9%
*73
27%
.107
,106%
:
•
35%;
♦131Vi 135
146% 146'%
30%
30 /
74%/
/ 27%
27%
107
135
|
127
35
,
.210%
210
63 "
-
*125
35%
.
♦131-
-
62%.
63/4
125
*
i31
1
Petroleum
prefeTred—ii--.———.u—•—^56
0%
1'
s
I;^.50
107% Feb
5
31% Jan
;
Agricultural-ChemicaLNd par
/American * Airlines
:vi.'
tcari" Rang
-.10
2,000
52
preferred
6 % conv
130
/ 23%
'il%
b 97%"
210.
210
207%
8,60a
5,60 6
V
.
!
Alpha Portland .Cum—, pair
.
82
131
'
14
62%
30%
73%
73
73
*26%
131
131
97%
: 35/a
146 %
29%
52
13%
425
-
/146
23%
51-/2
971/4
'207/4
35%.
135
23%
51 %
14%
14
—
*132
80%
23%
/
share
56% Mar 26
26
Mar/-4/:
47%
i
1.*——Ntt. pat
Artieradff
38%
36%
*80%
.
97%- >98 Va
64'A
35%
29%
29
*68
6034
;
147
'147
~
28%
106 %
126
v
/131% 131%
♦131 \; 135
147 %' 147%
283/4
36
351/4
35%/
♦34 ya
125
125
-
-63%
*125
€4
62%
■<
62%
*123 y2
210
36%
80
132%
-
,
$ per
Mar 19
104.
—i._——100
preferred—
Alii4»-c;ualmers" Mfg_-
2,766
2,100
45% Feb
t»«*.
Amalgam Leathier CO.
'
-.
89/a
89
Stores Cnr^y
// 4k%
59
/. /
41%
*41%
90
'36%
37
81
*131
132%s
*207
210
91 %
23%
"*23'%:
-■*51% *52%
98/4
96% -97%
;
-
141/4 /14%
98%-
141/4*
14
13%
53%
131%
42%
,
Aiii^d
2,6dd
'.".149% .'155
42
*80
23%
53
<
133
*131
133
801/4
23%
■
23%
54 '
t
36%
*79%
80 V4
23%
/
149'
41%
:■■/'89/:/
90//
36 %
93%
.
149
42'A
42 %
36
■15 0//
yearl94A//;/;
Lb West
Highest
S per share
Pat z
400
9/a
•54%
*54% ;/ 59'
59
'
14,100
v:// 10(5*
8,200
37%
8%
Lowest
Shares
52%'/ 52%
*36%
9/a
9
9/4
•
150
151
92
35%
.;*79%
80 %
23%
52%
37%
•54%
59
■
-
35%
♦23
9%
9%
421/4
42%
•; /• 93/4
35
♦131
*55
/> 150
42%
92
91 Va
/' 34%'
♦206 Va
59
149%
51%
/ 37%
.
/
Rarige tor Previous/
Range Since Jailuary 1
...
.
,
;
*105% 406% /
106 3 a
*36%
150
*55
:/■■■ 59 /S
149%
42 il
149 Va
*105%
-yyy
STOCK
YORK
EXCHANGE;
ttad Week
«56%
55
54%
•■37%;
51%
37%
///■9%
9%
9%
9'A
9%
♦55
51%
106%
'52'/4
105 %
37%
37 3/8
■
"
♦
SM?
| per share 2
$ per share
NEW
Sales for
Friday///'
-v'-Mai'.
Mai1. 28
;
54%"
52
v'
523,4
♦36 Va
37%
106 Va
'
.
.
Thursday
$ per share
x53 V2
56 %
♦105Va
■
/ *36%
Mar. 27
share
543/4
52
106 %
105 %
Tuesday
Mai. 2G
Mar. 25
Mar. 23
SALE PRICES
Wednesday
AND HIGH
LOW
Monday
Saturday
Nov
53%
29% Jan
I
'.&M STOCKS
SALE PRICES
|UGH SALE PRICES
ii\ eunesoay ; \
Tuesday"'
tGW ANl>
3
Monday
Saturday
Mar. 28
.
// t
per
$ per
share
:
♦117%
24%
*1041/2
119
•
92
•
169%
-
105
// 12%
*81%
92-
170%
26%
<25%
.68%
24%
-25%
7 24%
104%
104%
104%
r
44%
144%
-*81%
86%
46%
SO1/
-47/a
50%
51
.51%
/
*118
24% : .24%
;
.
119
*118
119
25
.;■«■:■ 24%
,
47-
49%
49%
,.;46/a
•
"48%
51
50
v
46%-
'
*32%
*82%
87%
*82%
-
51%
114% 114/*49
®
6%
8/a
....
46%
46 ;
46.^r
52/
52
46%
51%
51%
51%
r 51%
50%
50%
♦114/a
/ 51%
.
.
18% -19
19-
8%
•
*114%415:'
49% .52%
-
♦18%
^
46/8
.51.%
'
603/a
48'
47%
52%
50
..
9
9Ye
.51%
53 Vi
'■'•
*8/a
8%
8/2
Mar 14
22
par
par
27
110% Feb
Feb
104
150
Jan
25
15% Jan
29
4
61% Feb
14
-
*——No par
Co-——21%
—20
A P W Paper Co- Inc
J 2,100
_
$4. preferred
/
27
♦130
132
132
*137
139%
26%
59 %
43% Jan
.
1
139 %
*106% 108
59
140*
26
"
22%
22%
23/;
58
139%.
55/a
■
•
.*501
♦106%
*50/
*106% 108
■
61%
59%
60
-22%
,
145%
140
55%
108
*145 ' .147/2 / V
146%
140%
1401
.
*50 "
<
106% 106%
:
T
26%
22%
61
"
*145
146
*139%
V
140%
119 '
7*
-
24% Feb
Mar
140
30%'Jan .31;
■
'-
#6 pat-
Corp
Artloopi
Issodated Dry GOods—VI
6% 1st preferred—
90
*•/' 7%
270
No pa*.
"io I
5
-..100,
preferred—
%
104%: 105%
102%
104
104/4
107
117%
69%
117%
118/4
118/4
118%
118%
70
72
76%
71
v
70
41%
*40
39%
39%
39%
40%
39%
119%
119%
•109/s
109/2
26%
:
109/2
26%
26 3s
26%
84/2
84
*109 /a
84%
*86
129
*29%
30
*128%
26%
:
84"
,
26%
*123%
—100
V//
30
29
29
88%
14,100
26Va
88
16
*15V/a
116
*114
32%
12%
*69%
For
15%
-
i
15 Va-; /
'*15%
33%
34/a
12% '
12%
12
72%
footnotes
*71%
see
73%.;
page
1744.
is3/".
v.:
34%/,
34
12%
■
115
*112
116
*113
32%
*15 Va
*112
:
.:■■■.
Vi
12 Va
'*71- 73
16%
;»129/4 130
28%
16 Vi
115
11%
34%
12Va
*69%
72%
33--
'
.114
-
'
31% '
11%
-*68
30
17%
II8V2
17%
/
118%
32%
33
—100
30
18%/
119
33%
lit,
11%
'
"
11%'"'
68%
68%
23%
Nov
9%" Nov.
143
2
44
>.
Feb
131% Jan :
105
lit
^2 y 140 %
3
.
.9
,
Mar 27-
55
.
Jan
108 •> Feb
•
10 '
/
Jan
Jan
13
19%
Dec
48
;
Dec
111
Jan
/ 140 '".Nov
139% Nov
45
Mar
/- 52% Dec
89
'
40
•123
;
Ii3%i Nov-
76%" Jan
101
120
Jan
48% Jan:
:/ 83% Dec
33/* Feb
V
71%
Feb
/ 83% Nov
Sep
%*Mar 25
i—5
:
i
Corp
Atlas Powder_J
.1
No par
60
;
'
300
.
.
5%
conv
2,500
180
•.
S5
43,200
100
.
No pat,
Nichols
prior A
Aftottnr-
$2.25
—^
CO
Autocar
^4,800
—No pat
Atlas Tack Corp
■Austin
1100
preferred.:-
i.
—No par5o
tSaI 'Thei
preferred—n—No par
Porp
conv
—in
of
.
24% Feb 26
78% Mar
120
8
42% Dec
no., Apr
120
Nov;::
:Z,'
Feb 15
25% Jan
12
/ 14% Mar 13
Feb
13
26% Jan
3
9% Jan
3
108
59% Jan
3:
28% Jan
60
* Jan
29
18
133% Jan 15
i32
Feb 15
120% Jan
126
-i
27% Dec
Jan
113
;
J4% Jari
97% Jan
1
'Jan
14
11
37% Jan
29Z
14% Feb
16
83% Feb
;2
94%
•
Jan
14%
Jan
58%
Dec
27%
Dec
20% Dec
;/ 10% Jan
77
Dec
Dec
130
18% Jan
/•■ 5% Jan
,
Nov■
45
30% July
31
Jan
Dec
•
109/2 Mar 18
Maf 14
108% Mar
T05%5Dec
<
14
Nov
X29% Dec
Jari "•
18
•113'
15
Feb 26/ 110% Jan
120% Jan
115% Feb 21
Jan
65% Mar 15- 81
43* Feb
37
Jan' 3 1
109
Nov
69% Nov
108
"
15
; '96
115 % Jan
141
:
'
3
/ 84% Jan 28
30% Feb' 26
/
11% Jan
140/2 Mar 28
-
Mar
127% Nov £
<
42% July
106% Noy
61% Mar 27
1,
/Feb 27,
Jan'
9
13
23% Feb
2
26
133: / Jan..
48
27% Jari
-
:
Jan
102% Mar
60%i Jan if
112% Feb
8
:i 18 z Jan/
8%
7
Feb
4
^0% Get
15 " Deer;
,23%-Sepf
'6-.
Feb
26
—100
conv
Atlas
10,700'
1,080
v.
;
/.•
Jan
—100
pref series A
3.60^ preferred series
4%
'"
71
6S Lines—^
G 4; W I
non-cum. preferred—.
—25
Atlantic Refining
/
'
.
-100..
——i
"
128 %
28%
...
-ziao
j
./<%* Jari
"
"27%Z'
90
Satita FC-—.
;5%
•
200
120"/;
*109% 109 %_
27
47."87%
128%
Atl
/a 100
40%
.
a &
5% preferred—
Atlantic Coast Llrie Rr_.
,
•
700,
,
39 Vi
; J20
26%
129/4" 1
1,400
*83
,
;
85
85% /
3,900
40%
86 :■/. 86
"
;
85
118%.'
72
I Atch fopel
4,700
*39 Vi
v
39%
39%
*119% 120
*109/8 109%
40%
ll9%'
*109% 109%
'26.%';.
".40
40
88'/ /
39%
:/; 28%
129%
*28 Va
29
*28%
"
40
119 Va
85
*128Va
129/i
*128
102% l63'-:/
118% 118% :/■/; 118%
,71%
"70%
71 Va
;
-•;* 70'%r
40%
/709 %; io9% ;
85
•:
119% 119%
39%
40/a
120
120
88%
*86
88%
*86
39%
39%
118%
40
88%
*86
103%
102
/ T18%
■
69/s
104
136;
10
107% Jan
.
:;■/15% Feb
3
-
51% Feb
132
166
*100"
2cft preferred_->--/4
Assoc Investment Co;——
'
103.
12% Jan
v.l
"
■
26% Mar 22-
122% Jan
900
;
V
r
,
■
11,000
Dec
Dec
49% Nov
<
12% Aug
8
Dec
113
July
38 % July
10% Feb"' 5 ■
Dec
Jun
57%
45
24% Jan1
109
xll4'% Mar 21
53 % Mail 26 '
"4"
7% Jan.; 0"* ;
18
23% Mar
3/500
,
55%/
/ *52
55% /;,/ *52
*105% j07Vi ; • ' *105% 107%
55%
'
/ '60%
.
"
.
*111
•119
•
"ATcher"-DdriIels--Midlarid-----Nopaf
Armout A Co of" Illinois——.Z—./.5.
$6 cony prior preferred
700
No par
;
7% preferred
220
100
No par
2.700,; /Armstrong Cork Co—
/ / A3.75'preferred -i-No par
1,200
'
!138
.
Dec
U%
83
ii..z '.,**'"/.• '{'•s
60,300
132
;i32.
,
139V
22%
,
144% 145%
139
■146- :
144/145
5
55Va
"
14%
58%
*111
1
27%
14%
.
/ 58
*25% " 26%
23%
58'
27
14"/-■
130%. 130%/
*137%
:
•
■:;
'
*143% 145 /:
139% 139%"
*50
13%
119
♦111
97%
27%
•
58
57 %
23
,
":.57»%58%+
56 ■>■';.•■
-54
23%
22%
138
138
120
*111
115
14/8
,132 / 132%/
58
""26%
25%
22% ;
25%
22%
57%
27%
13%
132
132
57
*111
27
.
14/f
♦137% 139
138% 136%
55%
116
*110
•v
;;
56%
•55%
14%
14/4
132
13%
97%
*27
27
27
14
140
38% Jan
51% Mar 23
Feb 28
40
'
*26%
/" 13%
31% Dec?
6"
60% Jan
Dec
Nov
119
-
60% Jan
43% Jan
/Andes Copper, Mining——
400
26%
5% Mar
82% Mar .4
Dec
121 % Mar
:
100% Mar.
3
9
Dec
69%
'
Copper fining-—;2-^-50
Anderson,- Clayton
17,700
j
24%
jams'
3
Jan
£12/ Feb 28 "
53%
'
-
9«% Jan
,
Jan
-70
-45'/2 Mar '4,
.
9
25-
Jan
9% Jan
128
:
;.>;4
57
129% Jan -3"
par
100
1
No par
12.50
110
91% Oct
161% Dec
8% Jan
15
27% Jari
Anchor Hock Glass .Corp
Anacondd Wire & Cable.
1,700
14
Jan
29
Nov
Dec
90
.
r
145/*-Jan..
13% Mar
171% Mar 26
:
»9,400"
19
19;
.
AnacOridd
Jari
65% Jan
17
93% Jan
,.61% Feb 28,: Ht/iJariTO -"43% Mar '
116% Sep
118
Mar 21* 1120% Jari 16
——25
preferred
85 prior conv
-
115V
52 Vi
52%
52
•
15,300
,
51%
51%
*114%
-184i: /18%'f.
8%
8%
-.
114%
-114%
♦16%: 19-/
9%
,
.
*114%
115
.*18% " 19
.
51 %
115 / :/
52%
.50,%
•
14,800
87%
46%
87%
52
,47/s
.
.
20,300.
5 3,300
.
12%
'
45%
v,
I
148
■
147 Vi
y/12%
v
12%;: 12%;:'
12%/12^/
86%
47%
47%
.148
147
150.
148,
-
13 V8
/
preferred—,-v ——
Am Water Wks & Elec-No
$6 1st preferred—"
No
American.: Woolen—-—-—-.—No
Preferred
Z
Amer Zinc Lead St Smelt
65
196%
Jan
2
.22% Mar 13
^14
---100
-5 %
-
15,409
60Q
■
.
158% Jan
InC———10
-American Viscose Corp—-—-;
100
J
*104% 105%
104V/2 104%
,
Type Foundries
■>../:■.'/v.-z:-;■■,■ /.;
11,900
.,:68% / 68 %
■
105%
Amer
>
157
<92% Jan.:i7
26
Highest
$ per share
t per share
6
Feb
195
80% Feb 26
preferred —100
610
44,900
25 Vi
$ per share
80% Feb
^—25
Oommoir class, B-—-
Lowest
Highest
185% Feb 26-
"'
'■25Tk
63%- 68%
.
Airier
•
lu45.;
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1
Lowest
$ per share
Par
,5,000
Z92/4
'
Range Since January
•
Telep fe Teleg CO——Ju-*100
2,000, /'American; Tobacco—-z.——**--29
5
Range for Previous
/
r><
EXCHANGE
! 8,200
92 %
91
- -
■
KEW \%r*ti oTOCK
Shares
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..
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105.
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;
189% 190%
<
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Sales for
the' Week
on.ui'e
pci
91 Vi
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119
$
e"
91
«2<—
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Mar. 29
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92
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$ per share
share
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92 168% 168 %r
25%
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90%
Mar. 27
Mar. 26
Mar/26/
.
109V
;
-
131"
29
..
Nov
Dec
10%" Dec
63
Dec
THE COMMERCIAL &-FINANCIAL CHRONICLE
Number 4477
[Volume 163
NEW YORK STOCK RECORD
LOW AND
> Monday
..Saturday
Mar. 25
Mar. 23
$ per
share
30%
9 per share
:
31'A
32
-
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20
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footnotes
see
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1744,
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197/8 Jan
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17
Aug
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Mar 22
127
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13y8
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51
Browh
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Co
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—15
62
Jan
Feb 26
Feb 13
Jan: 10
53yaJ»n 28
20% Feb
63
42 JA
8
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85
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1
16
47
>
40% Mar ;
15
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1106
Mar 13
Jan
Jan
10% Mar
> '37% Mar
Mar 26 >
Jan 15
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;
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' 60
Jan> 97 >113
Feb/26
35%
35 y8 Feb 26
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Mar 18
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Mar 14
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Jan
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Feb 21
yj.10% Mar 18 7/ —
May 15/7 /37% Jan 11
723% Jan
C:'».
Bucynw-Erle Co__
10,100
i— 4
n 7%
» mkmm mmmmmmwrn m»» M i n mm
360
Budd (IS OV Mfg—
y' > 65 preferred—-—-
5,900
700
..5
preferred—a*—*—.—*-*--100
14,200/
No par
^No 'par
No par
Budd Wheel—.—*.——
Buffalo Forge Co—i—
18% Mar 14
/T 20
•
..1
Buff Niag El Corp $3.60 pfd.—100
1,700 /
Bullard
;*-xNo pi»
4,500 > BulovA Watch Co. Inc.—
—5
6,100 '
Burlington Mills Corp common;—1/
300 >
'i<fc preferred
100
;
13,5004
2,400
Burrougha Adding Mach*>*jyp.par
,
Jarv-
2
y
23% Feb
2
Feb ^2
130
20% Feb 25
26% Jan
> 93
Jan
3 >
99%
> 2iy«Feb 26 >28%
30% Jan
105
1,000
Mar
'-BfM
6
35
Feb 26* 38
Feb 25
38% Jan 3 /
> 108% Jan> 4v
/ ^ 16% Feh< £5
^
10y8 Jan
74%
Jftn
6
Feb
4 7/7 10
45% Feb'
2
108% Mar 28
>
14
Mai?22
:Jan; -9
Jan..
Jan:
7 22'/a Jan^
>>
45% Jan 29 >
48 y4 Mar 26
-46% Jan
111
20
12% Mar
120
Jan/
^
9
-
—
18% Jan
30% Aug :
Apr
>1057 Sep
>
20%
13% Jan ?
Bush TernduaL*.^;——> 10% Feb 25
15% Jan 29 '
'/ 7% Mar
;.,'6%/:prefemd':—
—s.*>i*10O'/> 90
Jan: 18 > ;98 7 Mar 28 >/ 77% Aug/
Bush Term Bldg 1% preferred—100 /> 75 lA Jan
2
93yaMar29
59'A
•
Butte* Bros common—
——10 > 25% jan". 4
7 32% Jan 29
' 14%
7 > \jkVe% prelferred—-;*——*A.**itlOO"> 109
Jai* 24
109% Jan -*3 * 705%
4,100
Butt6 Copper & Zinc—5 - ' 8
Jan
3
>9% Jan '6
3%
5,100 :
Byers Co (A M)——
Jio par - 24% Jan' 3
35% Feb 16 *' 15
200 v
Pafticlpating preferifed—u>100
»
99'/s Jam 2 ' 109
Jan 1
87
2,600
Byron Jackson Co- . L.—.,.,Nopaf > 29%Feb/26, '-86 /Jaij 29>
22%
Mar
3,700
Jan
300
July
Sales for
23£>: ^ ' the Week
9 per abate
32%
--44%
,10%
27%
.158 >
29%
105%
31% Jan
820
.
,
Boston & Mainfe RRy^assentOd)*100
150/
-
24%
i5/a
Jan
12 y8 Jan
12% May
18
Aug /
>103% Sep '
.
STOCKS
>:. ,/ v>
7
95y2
♦
93%
Friday'
Mar,
10
!: 89%4
.168
68%'
>158
33%
'42%
5%
73%
72%
72%
> 72%
42%
*56%
6
178
178
:
105
t per share
$ per share
.28% 7 29%
28%
43
43
>
48'A " 48%
48
57%
>
33
18 %
,
57%
133%
28%
>.'8%7
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18
.
1*33
57%
;
180
*
18%
' 57%
56%
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66%-
;
7%
28%
-Mar.'28'
.
66
11%
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Thursday
/
Mar. 27
*54%,. 57
20
20%
20%
133
2sy8
•
129
129
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48
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,
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.
/
44
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45
•
56%
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,
131
*54%
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56%
B%
10%
33 y4
*129
$ per share
44%
,
5
10%
33%
Mar. 26
57 7'
43%
*56
"
5%
5
'l'uesaay
'
.
$ per share
$ per share
W'
,
90
29V4
Aug
23 »A Jan 28
35Va Jan 28
pa*
/Bower Roller Bearing Co—*———5
7;:.
,
> Mar. 25 >
.
28%
33
Z.0W
.
■-
-
> 105% 106
34% >
,
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96
90v
.
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.
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'
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7%
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35
114
:
22
Feb 26
"93%Jah ^ 3
149% Jan
> $3.60 preferred
lNo par, /> 108
1,500 ". Bruns-BalkerCoBenper—j&JNt par+* 31
,
;.
Bigetow-Sanir Carp InO——*±'No
15
14
112
4
Mar 13
Jan
7
731% Jan 72
-
9% Apr
Jan
v
28
Best ^ Co—;j—L—jv-s.——v
Best Foods
1
Bethlefhem Steel*(Del)——No pair
1% preferred—;—
—100
26%Mar22
43
Jan
Dec
•
__
140 V4 Feb
Mar 13.
50
-
4
No par,
-
600-•
.
>106% 108
"
106% 108% ,s ' *107% 108% \
"ao-T,414 *'■» .39. /; 39%*^^ >39%>39% > - *39V7--4<k* **';> >45%. 46,>>>/>46--37-';>
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..
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> 22% 23% .
.
22% 22%
22% 22%
; 96% 86%*". ' 961/#" -96%. 1..96 ;, ,96% '
26
108% Jan-
Brahiff Airways Inc..2.50
25%
100 - Brewing Corp. of America—w-1—.15
72
5,600 •
Bridgeport Brats Co_;.j—*No par
■ xl6%
7,600
Briggs Manufacturing
No par
46y4
2,400 " Briggs & stmton——
No *ar
53
3,500 '
Bristol-Myeit CoyNetf——-4>;2.50 >> 35%
73% % prefe«(ed—;10Q- -110%
2,000 '
Brooklyn Dniort :Oas*;«;>.*a'No par /> 31 y4
.
'>124
X106
8
-
Mar 27
5,100-
.
^
-10
preferred*J**l.——^.U-100 :
100 "
1,200
,
/2d%-; y-
5
Mar
Bloomingdale Brothers—*No par i 38%,Jan- 3 ; *50
Mar26 '18% Jan
Blumfenthal
Co preferred—.—100
109% Jan
2 '
113
Jan
6
xl08% Mar
Boeing Airplane Co—.5//: y -26% Feb/ 26 • : 35
Mar 26
17 Vt. Apr
Bohh Aluminum & Biass—*..9>7>60
Feb-26 c - 73% Jan
9
49Va Jan
•20 ;: Bon Urot Co ;Ciass/A*i*——rfio parT04% Jan-. 7
109% Mar 11
95 . Feb
370
Class
;;*«No 'par ■/ V'V-58'% Mar 13
68
Jan 12
> 52%/Apr "
5,000 /
Bond Stores Inc common———1
*
36% Jan
7,
'45Va Mar 18 »
247A July
>
4%% preferred
»—-100 > 179
Jan
3 > 200% Mar 16 i ; 114
Jan
2,700
Borden Co .(The)—lo
44% Jan
4
7 64% Feb -6
33y2 Apr
5,6p0.
Borg-Warner Corp-*->L—Tfc-—*.8 y 44y4Feb 28,
56
Jah 17
- ;36% Apr
.
-
*124
125
./
♦
-22% ^,23% '
36
Feb
110
—
5
'
125/
7
110
f 19% Mar 14
.> £4
14Va Aug
Jan
.22 %
-
t
19% : :i9%>.y:r>20
67% Feb
4
5
Mar
•
,
y tl24.
39% Feb 18
53 % Mar 29
4
170'//
400
.
>:
;
7
.
28
55% Jan 23 7
/ 29% Mar 25 >16% Jan ■/
4
4
No par
12% Jan
66
29 »A Aug
17 Va Jan
52% Deo
—
i
.
2
24% Aug
>41% Jan
4
Jan
$ per share
.19% Jan
"9
63% Feb 27 > 77% Jan 29
v Black .& Decker ^Mfg Co—aNo par > > 33% Jan >2> -41% Feb 15
Blaw-Knox Co
—
-No par
22ya Jan 21 7 30% Feb 16
Bliss & LaughiinJnC—J
1
;_B
29
Feb 26 > 35JA Feb
8
,
.1,000
.
54
54*53
./>53
55
29%
v29 ; , 29%
,
,
28% 28%^ >>28% :28%'
27% 28% 3
:...: 75
.■ *71
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16% ,17
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16% 16%
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48%.
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> 58*A>58%
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*36
;:36%:: >
36%" 36% '::y.>*36%^37:y;'":;';%>:37:,//.;37y/ y:;/ ;:: 3T:' /-3T
*108
110,
*108% 109% '
109% 109%
,*109
109%
*109
109%
109% 109%
33 33%
33%
34
33 %
33% V
.33%
34
; " 34
34
33% 34
y
28%
-
25,600
'
9%
9
.
1,200
....
52%*
51%
'
-
•
Jan 30
Jan 16
Jan 28
Mar 25
Feb
54
Jan /-9
-
■9 per share
49% Jan
/
2
147/8 Jan
:
Aviation———-i.—6 J>/50
Beneficial Indus
700
.
52%
i 4%'%
•
>5,700
3,800.
9,500
,
>
.
z
9%
2,100
,
52% 53
50%>52%
52%
9%
'
26%,
>.->-1 >
Bell & Howell Co
Bendix
73
73% 73%
73% * 74% :
-39%** - *38V* 39% .«:>■- >*38%y-39%; ^27.%*' ;
'"'26%.y27%'> y
2t%}; ;•
32.
30% 30%
' *30%: 31:»/r A
.
.
1,500
i:J /
84
"
ine'/a Jan 10
'104
Feb 21
Bell Aircraft Corp—.*1—i——_J
4,500
-
Jan
-4.-50 •
39% Jan
——1—20 '127
Jan
Beldmg-Hemlnway —:
-
,
3-
Mar 15
56% Jan
preferred—.—
No par
4%%
preferred—100
Shoe
Beech-Nut Packing Co
2,700 ;
4,900
166% 166%
:.
Beck
19,300'' : Beech 'Aircraft Corp-*.;.
70
Beech'Creek RR—
,
102% 1043/4;
102%
.166,
$4.25
200
170
y
Mar 13
20% Jan
" 40 % Jan
> Beatrice Creamery—»——,.—25
1,100
:
:
Bath Iron Works-Corp—;
——1
Bayuk Cigars InCw*—No par
38%
> 30%
- 47'A
45%
Mar 22
Jan
Lowest
■$ per share
Jan
3
Feb 25
>; BarnsdaU 'Oil' Oo-**-.*™-i—•—5,7/; ': 21% Jan.
200
52%
30%;
26%
102
.
y >53%
,
,,
,
*62%
-
*>
,166
.
•106
.'
27
26%
102% 104
168
73%
73%
-73
40 (V 40 >: ,> " 39%'
^ 27%" 28 - *
.27
31 :
31
.y*30%
.49%
50 ,
.
>*48%
,
,
; 33%
.
*
28%
27% ' 28%,
30%
30% : 30%
„
48% "
*, *49
.49%
450 y
*48%y;50 *49% 51
112*: - ^ni%4i2.;y:y ',*iii%.ii2 ;
:. mi%; 112"v":';*iio'7112, 34%
33% - 34% '
'*,..34%
33%
33%
-33% 33%
* 33%
34%:
67/ > :
67
,. 67.
."
>67%
68
'
67%;.'67% :..
"67 y 68
*67
68 *
107% • ' *106
!l07% '
106 ' 106 ;
/ 106
; 106
*106107% r
*106 - 101%
64.
/ 60
63 .,"
61 .
61
"
/. 61% 61%
" 63
63
' " *62% 64
43%:
>*;5^3,v V43 %>:
.».44%y45.>,-> '",43-.:, ..44%
r-43 ,, 43 '*,> y „-43 y, 43 *;
220V ' " *195
220 :
*200 T 225" '
n96 ' 220
*195
220
*195
226
30%
:
75
39% : 40 <>
,
'' 166,, 166
105%
104%
* 167
72%
.
>
>
105
168%
169*166
28%
29%
28'A 28%
*109%: 110%'
1,900
150"
53%
/ 29%
,
9,900
24,300
6,200
1,200
•
,*40%
43*.
*130
,135* v
20%
20%*
f 109%: 110%
*109% 110%
: 52% -52% '
.52
/52%
;
^30% ' 30%
7 *30 V- 30
y,
38% 39
" '
38 % 38%
11
"*166,
51
50
,160
.
29%
32%
61%
61%
61%
61%
61%
:
107%
,106% 106% v
*106% 108
>'>
ioey^y-ios'/rios>:v>>io5'>;' 105
25%
'
25
25% !
.25%
26%* :
29%; >29%~"
,
,
;
6,600 »' 4% preferred
,400
2,000 K Bangor & Aroostook.*;—_u50
.
,
53%
28%
32%.
,
,
V
*29%
30.
>*109% 110%
53%
.
„
?4l > '42%:*"'-* "41%y: 42 >:
130 , 130
130 /, 130 '>
*20% ; 21'
'
: 20% ,20%V
*29% -30%
' 29%, 29% -
V
25V8
25
Baldwin Locomotive Works——13
30
Baltimore & Ohio—
--100 ^^>22
> 39%
:; '20%
Conv 5% preferred--—*>..400; >> 75
Barber Asphalt Corp.-*.—10
" 37%
Barker Brothers—*—*
No par
r'S 38
' 7 -4%^ •:pr€ferred**>**Uit^-^i^fts>->.53",-
17,800
->>
/:.•>/>> Highest
$ per-share
22,300
40*A \
Range for Previous
'*ear 1945
Highest
Range Since January 1
> Lowest
:
Shares
23%*
.
.79%>79%'U
42%/ 42% y '
53
53
;.>
287/8
50
;
32%
23%
.
33%
;
EXCHANGE
.40
52% 1
54%
28%
32%
48%
joe.
24
,
23%%
40%
52%*53%,
s
54
28%
34%
61
.21%
30
52%
107%
.
*V43> V
^30
,30 %
61%
107%
; loeya,
25%" 27%
*42
> >*128
130/
47%
'
42
,
1'*ioe
,
.28%
43s.:'/" >,
»41%:/
34%
47'A
;"/i07%::T07%,^S:.i07:;:si07%
■
54%
29% '
33%
.
.
1
NEW YORK STOCK
32%
32%
,
24% ' 24%
79%
79%>
41% . 43%
.
28%:
32%
47
*
61
40
-
,41%
52
'54
,28%
33%
*54
54
.29%
*107%
.
*
25%;
42
'79. >
19
■
79Va
' "A0%' f :
40
42%
>52.%/,,; >53%>54-
*46
60%
60%
*107%
'
79
.
:
41%
40%
24%
79%
Sales for
the Week
$ per share
$ per share
-
40%
24%
24%
.>!> 79%> 79%
34%
33
&are
$ pet
/
Friday
Mar. 29
Thursday
>; Mar. 28 ;
Wednesday >y
Tuesday
,
STOCKS
SALE PRICES
HIGH
Sha*es\
!
Jan
Aug
Mar7
Range for Previous
NEW YORK STOCK
EXCHANGE
Jan
•
-
Range Since January 1
Lowest/, ■ 7. > Highest
■
J petsHar#
-4 per share
7
7
Year 1945
Lowest
$ per share
Highest
$ per share
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 1, 1946
NEW YORK STOCK RECORD
LOW AND
HIGH SALE PRICES
Tuesday
y;
>
■
'{$
per share
V 40%
I
"
62
.
,
*21%
22
20%
19%,
.
7%
,
53% ./
62
/
'*
,
*19% 20
■ 7%,
7%
•
„
' 8
S*44W46%
129% 130%
•113%
:•
116
128
*113%
,v\
33%
84%
85 '
104%
104%; ■
V 26%
27%:;;
.
*83 %
,
<
•
•:
■
V
Jan
*
'49'/a
54
Jan
"
7,700
19% Jan
I per share
I
32%
33
85%
84%
54
*400
130
116
•
;V
42%
20%
Jan ': *
31>,
Jan
98
Jan
105
29%
29%
29%
i". 67
9%
''
49
.C-200! ::
L70
V
89
108
;
111%
111%
65%
109%
65%
106%
•102
44
58
Jan V..
.'.v
Jan
.
:
Jan
55%
35%
Jan
;
Apr
; •
*64%
;
140
:
65
*1,300/,
,
49%: -50%'
106" -106
51%'
51
..
114%
*113
18
18%
*21%
21%"
.
-34%* 35V
29%
44%
•28
44
43%
rli%V"12' -'
.
.
44
.
110%
110%
•163%W05^
'
AO,: -;, 40%
28%: 30%
53%
52%
*120.,f 123%
125%
20%
>
.
; 34%
34%.
50/ ; V51%
7>4%-
35%
.
35%
*55 *'
34%
'
34%
43%
8%
4%
123% 124%
'V
43%
20%'
20%
'
4%
4%
126
126 Va
8%
34
*42
35%
42%
>S%
34'%
r„
-
33%
8%'
34%"
•108%: 108%
17%
47%
47%
28%
39
39
my* U4%
44%
•
*105%
44
.115% 115%
44%
45%
15%
15%
:
108%
108
18
"28%
55%
.V
;
113 %,
*15
vi
*105% 107
44%
*112
,46
16% .17%
110
15 %
42%;;43%113%
113%
15% "15%
58%: 58%
18
:
.
18%
43%
44%
x21%
21%
25% V 26%
*53%V? 54%
:i9%y20%
*55%
56
23%
24%'
63
63%
35%
36
108%": 108%
;
61%
*210
;
10%
5%
Mar. 35
Mar. 23
54%-
'
53%
34 y2
110%
32%
54%
*53
34%
share
41
110
32%
*37 v 739
$ per
40
40
•noy* 110%
*32%
•37
32%
38
53%
*53
54%
53 %,
35%
36
108
108
108
108
129%
129 V8
135
135
46/
46
109%
*108
*38%
.?
5%
Monday
Saturday
t per share
39%
62%
215
11%
46%
'109
47
;
109%
,39%
24%
.
24%
.*163%
44%
45
105 >A
,
39
*38
.*53
105 y4
V
55
20%
19%
144
*142
*75
•
8
■
24
*132
36%
75%
8%
24%
137
36%
26%
26%
26 V 26%
*111% 112%
68
2t
*25
'
*25
/
'25%
25%
111% 111%
Davega Stores Corp, N Y
27
Davison Chemical
25%
26
*111% 112 v
,
Corp
(The)
Dayton Pow & Lt 4%%
Decca Records Inc
-
1
No par
68%
67
48%
49%
47%
48 V4
40
40
40
*39Va
35%
35%
35%
35%
"36
43%
43%
42
42%
'
42%
42%
Delaware & Hudson
12 y8
13%
12%
12y8
::v.-V
12%
127a
Delaware Lack & Western
.27%
27%
27 V*
Detroit Edison
80
Detroit Hillsdale St 8 W RR Co—100
67.%
27:°:
*74 V
27'A
80
•
.
For
footnotes
see
page
1744.
45%
45%
45%
29%
29%
67%
48%
67
*74
33
v
'
'
A Co
'
33
Devoe
29%
30%
6%
St
partlc
preferred
19
IV
45
Jan
2
Feb
4
--28% Feb
4
29
113
Jan
7
68% Mar 25
42% Jan
5
50% Mar
5
37% Jan
11
40% Feb
5
4
37 % Feb
4
:.41% Mar 15
50y2 Jan 29
50
20
12% Mar-4
16% Jan 16
" 27^ ?$P 18
12.50
Raynolds A new
Diamond T Motor Car Co
26
Feb
100
Diamond Match
44%
.
Feb
Mar
30% Jan
'
PreferTW
20
Delsel-Wemmer-Gllberfc —-—-•-4'
45
*44l
V. 44%
.
Deere
-
40
" 36
VV X27
33.
*44%
'
47%
/,
'
33
24
111
pfd——100
39%
J".
23
5
1
,
No par
:
..29
2
Jan
3
75
Jan
14
28
Jan
3
35% Jan
40% Jan
3
45
25
43% Jan
27
15
Mar 13
77
Feb 25
28
Mar 26
49% Feb
4
34% Jan
14
:
;
Jun
Nov
105
.
Dec
May ,f
115 \ Oct ;
V:68% Nov V.
34'A
197
Dec
Jan '
^;"38%U37^
r'
?;Aug:»
/
"205
Feb
Jan; :
>162
30:
!'t-' 72%'Dec
Jan
Jan ;
Jan
*193
1
25.
93 y2
*158
Dec
'68% .Dec
53%
'55
Dec
105
106% Nov:
*104
•
'
;. »57.% v 60 •;
;
Oct; >
*
.
Jan
.32%
104%
105
59 Va
64
k 27*-
Jan.?;
84 y*
106%
34%
Dec>
Jan
;
84
64%
*66
V
ij
Jun
1
x23.
Dec <
m-v'^15 , Dec
29% Jan.&V. 48-/ Nov iV
91% Jan : i'.vi 140y« Dep
Jan
32%'
;
*195
20%
;
;i:
;/ 37 % Dec: J
r.
Jan-
.16
y.4%
800
12,200
54;• 55-V
-
•105
*118%
share
66
Jan
'
15%
46
*113%
,
54%
49
310
.
7y8
129
128
116
600
.<•'
19%
*45
53%
28%
per
25'A
3,500
*
21%
7
46 %
.
60,
.
.
19%
7%
104
V<
9,100"
•
60
5
20
127%
104% 104% :
26%
28% VV
:
»•*../'/V ;v
Highest
;...
72%
*21%
33y8
33
■
Shares
.
29%-; 3oy*
•
'
22
*113%
116
Pear 1945
■
*44
46 %t
129
°
Lowest
vv
'39%
.
53%
61
.
7»A
.
'
71%
29%
61
*19%
;
39
.
22
54;:.; 54%, /.
54%;. 55%
33y8
1
'.*44
'•
t per. share
53%
.•
the Week
39%
73
.' 72%
28 Vt
;
Sales for
Mar. 29'.;.
share
per
38%
40
73
73%
28%
29
; 54 - ' 54
61
61
*21
22
v 39%
^3%
29% V30%
*53
Range for Previous
•Friday l"
Thursday!
Mar.
28;;f
/
;
I peRsfcare V % $
•
41
73y«
-
Wednesday
' Mar. 27
Mar. 26
110% Apr
100
;J,.59
,
•
.
.'Junv
Nov
-41% Sep j
- 53% Oct /
155
Dec
Volume. 163
THE COMMERCIAL & ^FINANCIAL CHRONICLE
Number 447 7
mi
NEW YORK STOCK RECORD
LOW AND
V
•
'
"
Saturday *
Mar. 23
$ pier share
•
RlVR
i
Monday >
■"
*105%; 107
'45 ;
45
"52V*
;
-
88%
110%
44%
45%
25%
•
28%.
25%
25%
108
52%
45%
28%
24%
28%
25%
X24%
100 %
102%
101%
29%:
3o n* •>/
...
128%
.,
V- 31
35' ,V;
R 36
22%
116%
119%
.38%
401
•i-,,38%
38%
244%
244 %
*
V 30
26%
115%
30%
-
197%
37 VV
198%
129%
128%
128%
115
115
115
23
23%
23
23
R.R 22%
*115%
119 %.k
117.
.
37
36%
115
21%
116%
115%
199%
116
116%
116:
V 30
31
.
165
31%
36
36%-
.
•197
197%
:
*128% 128%
115
,R 22 A:
VRV
V
22%
290
115
i
22%
-22%
.
5
:
v
41% *;
;•
245
205
*63%
246-
;
*200
64
244
205
63%
247
239
•'
31%
31%
32
32%
34
109%
109%
*109%
111
*109%
38%
*112%
39
38%
*112%
*112%
32
V
114
*200
V 240
*239
V
V-'
205.
.
■V
*200
;
38%
114
*112%
114
*112%
12%
69
69
.29%
30%
5%
5%
>69
,
23%
V
*154-i 157
5%
23%
V
171';,.
156%
52%
52
*52
52%
12%
k 170
-
24
30
22%
32%
32%
84%
*89%
fi*106V^
37%
i
n*103%V104%i
157%
157%
■
i* *108%' lio
'
23%
23%
23
23%
33%
32%
32%
32
32
*80%
84%
*80%
•
*51
52
79%
8i
*91%
94
•;|:V *18 .R18%
r;
f S;5f* -28 y*:£ 28 •v.vr;:
k
,>
V- *53
»•
m
106%
A
17%
♦108%
108%
27%
80%
V *91% ;
*66%.'
t
68
106
37% >,:
37%
103%
52
28%
VS. 15%
69
23%
32%
15%
;.
24%
25%
•111% 114
V '47 V: 49 " V
:*28%
25%
105% 106
j
80%
105%
108
.
108% 108 % V
i*f i.-- 4-%;; V,
17
17% V;
80 |'k
79%
*91%
108
(
♦108
1
•
80%
'94 VR
■
104%
v
V
\ it
v
V
.'i
17%
79%
-
V
k
*91%
V
18%
j
I
18
28
28
27% V 27% k kk}V27%k:2T%v
V,|53
53
V
52
V
9%
9%
18
:
.
18%
.9%
70
*111%
48%
/
V
49
28%
28%
65%
*107% 107%
•107%
107%
107%
107%
30%
30%
31%
/ 64%
63%
64
*63%
;•
77%
79%
108%
77%
*107%
79
*107%
62%
:
63
We
31
V;' V24%
24%
50%
113
18%
18%
45
%
t
7% Jan 24
20'/a Jan
28
3
172 7/a Mar
9
109
3
158
Mar 8
55% Jan 18
103
Jan
55
2k
V46% Jan
■
17
177/8
86
to.
90
".j->
''V;-;T-'
15%
*107%
107%
31% v
30%
64
80%
-
108
.V
108
62
f:
*113
:'.
114%
.
34% Mar
'
..
4
85% Feb
1
Products
y* Deo
37
15
100% Jan
100% Sep
101
Sep
108
:
8
111'/a Mar
6
5% Jan 30
28
Jan
93
;
V95
V 93 Mt Mar 15
17
Ex-Cell-O Corp:
———3
Sxchangs Buffet finrp
a an
,
16% Mar 21
.
<
Fairbanks Morse A Co.
:
18%
*43
.V- 52* ;
5
19% Jan
V
26% Jan
;
"
17 "
18%
17
17%
V-V -Vk
2
112% Feb
Deo
Nov
51%
51%
88%
89
42
42
51%
52
87%
88
42%
43%
1
*27 % " 28
'
M.
Jan
31%
32
32%
*140
39%
:
32%.
32 V
53
40
40
40
42
28
39%
*140
-
-V
53%
40
149
?
88%
43
31"
26
Feb
42% Jan
V;
■
Monday
V Mar. 25
■«
Tuesday?;.® kkV Wednesday
Mar. 26
Sper share
Sper share
12%
12%
12%
12%
12%
10%:
20%
10%
11 '
10%
ny8
20%
20%
22%
24%
25%
25%
75
76%
$ per shate
-
34
Feb
16
Jan
9
70
Feb
Jan
3
-23% Jan
9% Jan
28 Vt Jan
80% Jan
29
'
18
50
-
63% Dec
Jan
53% Mar
65 y8 Mar: 26
70% Nov
<110% Mar
A 60
Oct
54% Feb
34% Feb
26
2
42
Feb
26
16%
Jan
3
41
Jan
11
11% Jan
-67% Jan
2
21% Feb
4
93% Mar 29
47%
Jan
2
52% Mar 29
15%
Jan
72% Feb 26
90 R Mar 21
59% Aug
25
Jan
par
V
—No per
—7%
Power Corp
—No par
25
23 V*
41% Feb 16
Jan 18
52
Mar 29
:
Jan
107
111% Nov
Jan
16%
38% Dec
A
July
4i
115
Dec
18% Jan 14
50
Feb
6
i 53
V 10%
20%
:
*21%
k
: 23%
■
;V;k
71
'.
k
71
-
22%
,13%
VV' *57 V'
VV
74
13%
14%
V
112
59%
k
55 k
59 Ve
V
113
18%
112
f
64 V
64%
64%
65 Vz
k
13%
13%
13%
13%
;
•VI'
;:'
V;k
VV:
190
190
23%
k
*38%
148
-
24
:
149 ;
?
v
'
32
31%
*176
178
40
V
k'
46%
46%
50%
47 V
.
130%
:
-24%
*130%
*112%
72%
130%
130
47
-
33% Jan
VV
6%
prior
preferred
37% Feb
V
>•
■
■
24%.
35%;
9
27
Jan
2
142
Freeport Sulphur Co
—10,
Fruehauf Trailer Co new——1
1,400.:
5,800
Sales tor,
the Week
Fridar
"■
5%
.: 5%.
20
2oy4.
•
7*39%.
>147
•
28%
.40%
:
9%.
!
20
<
40%
'
■'
9%
-
A
9%
•
29
see
■
NEW YORK STOCK
Vk:? EXCHANGE VvVVvV?.
V;k;vkV;VV;k; V:;k;ViVV.VkV.:
Shares
; Jan
19
17
Feb
9
28
28
■
35% Jan
150
25
118 R
Feb 28
v
45% Jan
Range Since January
k
Lowest
.
34
35
29
■
$ pet share
Par
:
35% Dec
80%
44%
;
41
Lowest
.
May
51% NOV
146
:
36
32%
48
52
V'V
'
53
47
40
40%"
150%
53%
47
46%
115%
*129%
130
179
;V 46%
*7
v;
130
36
A
-
5%
25% T
;.,k--36 A
5%
.
20%
20%
-A
41
;4t
*147
:
9%
29%
page
115%
..'72%
73 y8
129
128%
;
„
.
1744.
20%
We
5%
4i%'
.k
9%
29%'
V
9%
28%
5%
20%
20%
v
36
203/8
41
41..
*147
9%
29
150
V
V
48k-.
72
5,700
2,300
•128%
350
kk
723/4
129%:
,
;
;
5%
36%
.
V
5%.'
2,700
5,100
20%
60,500
.41%. -41%
1,790
20ye,
.,-.9%
28%
28%
$8
1%
J29Ve
"9,300
"3,40O_
4
■;
Feb
-
182
.
Jan
28
Class.A——
1% cum preferred
—
General Cigar Inc———
1% preferred
——.
33% Jan
139
31
171
45
General Electric Co————
Foods Corp——
No par
General Mills common——No par
General
Jan
180,
Feb
56 Va Feb
Feb
4
115%
Mar
29
70 Va Feb
26
135% Jan
123
4
Mar
2\
Public Utilities Corp——-5
Railway Signal———No par
preferred.
—————108
Gen Realty & Utilities—.
—10c
'
Refractories^T——
No par
:
,
Jan
114% Jan
27 % Mar
153
Oct
40
6
4
127
Aug
114% Oct
5
125
May
26% Mar 26
k10
4% Feb 26
7% Jan
15
22 y8 Jan
15
Jan
l7/a
Jan
24
47.% Jan
Jan
22%
14
18% Mar
4
Mar
4
38%
7
26 Vt Mar13
147
;
.
Mar 18
k 11% Feb
61% Dec
14% Dec
>
185% Dec
R 27%
V: 15
8
33% Jan 15
:
V 28% Jan
123
Feb
3% Jan.
21
Jan
Dec
Dec
38% Nov
145 ya Oct
36
Oct
172
-
May
49%
Sep
56
Nov
52% Aug
43% Aug
8
14
k 40% Jan
®T42% Feb 27
3^
7*
7% Jan
A
Feb
Jan
Feb
24% Dec
Dec
109%
37% Jan
33% Mar 13
,
Mar
62
132
Jan
;>20
Gen
6
19
80% Jan 30
xl28
Gen
Jan
Jan
17% Jan
8
Feb
51
20
Feb
Jan
8% Jan
Feb
52
49
160:
)%
35% Feb
2
43
■.V:
;
15
152 % Jan
——No. par
10^
Jan
2
Gen Outdoor Adv common—No par
Gen Precision Equip Corp_—No par
General
Jan
Apr
80% Dec
Jan
12%
44 Ms Feb
130
——
.
58
104%
27% Jan 10
Feb 26
40% NOV
Jan
14
Jan
.15% Jan
Mar 13
Jan
23
Mar 29
3
49% Feb 20
:
preferred
.——100
3%% conv preferred—--—100
General Motors Corp
—
10
Gen Public Service—...
Dec
Dec
14
ny8 Feb 26
preferred—
14%
58
194% Mar 28
•22% Mar 19
General Bronze Corp——
$5
86
68% Jan 28
26
Deo
66% Feb
19% Jan 28
26
Feb
28% Dec
R 7% Jan
51%Nov
117
60
29% NOV
28
Jan
108
V 12%
19% Nov
.14% Apr
16% Mar
15
65% Feb 18
59 Va Mar 29
8
Jan
78
General Cable Corp———
5%
;
17 y8 Feb 26
5
107% Feb
—---.—:-i
preferred-.
3
35% Jan
$4.50 preferred ———Amer Transportation—.
V
57
Jan
16% Feb 18
85.,
?
12% Jan
Investors——
Amer
Mar 23
Jan
26
12% Dec
10% Dec
4Va Jan
16
20% Mar 29
29% Jan 29
54% Jan
6%
*147
9'A
Gen
500
6,400
r
-'
28%
300
35,800
;
25
243A
36 k
'
V
500
1,200
W
10
28,500
27
.71
—
General Baking————.
1,100
Feb
Dec
' $ pir share
6% Jan
7
ll7/a Jan 29
v
22% Mar 13
Gen
k 131 Vk
-ni5%. 115%
—
6,000
V 6,300
2,200
2
22
—
4%% conv preferred——.
Gaylord Container Corp—
;> 5%% conv preferred——.
;
V
53%
47
131
"
-
47%
53%
k?kk
*113% .11534,
' 72" V
72%
129
129
24%
25%
"•>35%
*147
.
29 y»
■
.
47
131
.
25 ye.
Vv 25
35% ; 36
V--5%:
5%
20%
-42
kkA 0%
-
26%
36%
5%'
46s/a
$3 preferred
Co.
3,300
.
-
179
*177
53%
47
131
131%
'
25%
53
-'>■
*113
73%
13%
•
*177 V
47%
52%
47%
Vk
32%
lbo
46%
653/4-
13%.
Jan
Gar Wood Industries Ihc
11,600
V;;
65%
13%
"
•
.
•
13%
V
V
65%
*193% 198 V
194%;
22%
?3
VVVVk.--22%
13% ;;.k:
13%
133/4,
40
41
.;v>-?VV 42
423A
149% 150%
V- 150% 150'A
32%
32%
32%
32%
13 y8
32
ki9;.V'
109
600
9,000
kv 510
23
23%
13 V,?
*177
V
..
183/4
v
360
11,800
:
26
:
Highest
;
t per share
tper share
15% Feb 16
3
8% Feb
19
Gamewell
Gardner-Denver
.194
23%
*149
150
-
10% Jan
•
—
preferred—.
——.
Co (The)——.—
1,000
VV 57%
59%
57»/e:il2kVV:V 115 VV; 117
'•
"
13%
193
,193
k
k
13%
2,500
?
25
13% ,14%
59 m 59
*105%
6%
(Robert)
Dec
Dec
27
Jan
Dec
Jun
43% Dec
Range for Previous
Year 1945
1
Highest
A V
Apr
Mar
Jun
75
.
Jan
14
55% Jan. 28
V Feb 26
4
34% Jan
A 47
(The) common—
Galr Co Ino
5,400
.23%
*74 k;V78;VV:
V
Gabriel Co
2,700
53,000
20%,
20%
*23%
14;.<: ti'V ;!
59
65
-65%
;vi3W
:io%
V-25 k
I
18%
18%
*105% 109
.
65%
k:
A"
112
18%
13%
180
;
*
footnotes
V
V 57 ,v;
109
V
78
13%
•;v*58
.
ill vv
.
18%
*130%
*147'
.28% AV A
For
51%
;
.
111
*74 k;
k
58%
•105%
*123/4
23%
25
■57 k?
56%
131
36
,
14
131
115%
V'V? 115%
73%;; ,-• v • 73 y8
131
A-; 24%
V:
35%'
80
V 58%
13ye
47%
!.
7 5 ■' * * *
*23%
V 25 :k
Oct
13% Dec
6% Mar
16
49% Jan
26
26% Jan
)
28
Francisco Sugar Co
No par
F'k'n Simon A Co Inc 7% pfd—100
40%
10%
203/a
20%
13%
24
149%
327/a
-
*
65%
*177
■
"
V
k";
65;:''
40%
51%
47
*130%? 131%. >
*112% 115 %■>'">
71%
721/a
:
47%
;,
20%
23%
23%
: 25% .25%
18%
13
149%
32%
•'k 51 Vf
50%
>47 ■Tkk;'
47
s
V
•
10%
109
>23%
' V
178
178 k
.
123/4 WkkV
10%
13% ;'i3%.
191 W
-191
40
t
32%
:
:
/
V
.
13%
*148
^
:
24
.
•12%
;
40
190
190
v
23%
12%
*12%
?
12%
10%
112
18%
V
12%
10%
58%
*105%
;V?
12%
;
59
57
■
109
-
^
14%|
.*58%
,
-V
116
18%
*105%
109
V 14%
V
58%
■>
18% .18%,
f V *105%
k
i,
72
55
*105
.;
'
25
58
53%
y
22%
23%;
13%
v-
20%
20%
V
k
23%
24
V
13
>
18% Dec
Dec
44
30% Feb
'
•
Dec
105% Apr
42% Jan
110% Jan
No
.
59% Dec
107% Apr
34% Nov
>21% July
—No par
4—
Food Machinery Corp—* A—10
Foster-Wheeler Corp..
10
.
$ per share
tper share
V
Jan
103
109% Jan 17
107% Mar 20
Oct
427/a Dec
7
X66
V
M
53
Mar* 29
Mar. 26
$ per share
Mar 14
20% Dec
26 %i Dec
110%
Mar
32% NOV
7
28
Jan
25% Jan
STOCKS
•!■
k^v-ifhursday ;•
Mar. 27
,
Feb
k
104
14
108
86% Nov
V
IT :,
67% Mar 26
Mar 14
k,65'k Nov,
25% Jan
12% Mar
com_. —No par
•—
Stove On
LOW AND HIGH SALE PRICES
Saturday
Mar. 28 *
9% Dec
;
10
?18% Jan
'•
61
1,200
kkk
>
32
39%
,
(The)
k 32% Jan
26
105
Foll&nsbee Steel Corp—.t.—-.—10
5% conv preferred
100
Food Fair Stores Inc—A—**—-.1 ■'
1,300
1,300
20
149r
53
39% ' 40
V
27%
♦140
.
53%-53%
Co
preferred
Florida
V 3,300v
52%
*27
:*3I'Vkr32H;
32
149
53%
42
*27%
42%
28
*140
53%
53,%
39%;
•
32%
'
*140 Vk 149
149
■52%
42%
♦27V4
'V
62% Nov
54% Feb V 7
4
14% Feb 26
50% Feb 26
100
Florsnelm Shoe class A-
V 3,300
kW 420
17%
52%
88%
Corp
preferred
Flnrence
100
93%
88%
52
88%
28% Deo
Jan
6
1
43
51%
88%
88%
28
-
V51% V
51
■-
88%
43%
28
91%
91%
51%
88i/2
43%
*27% V28
149
53%;
91%
91V
51%
,
:
$4
1,000
11,700
.
167/a
92%
20% Dec
42»A Jan
v
13
>41%
No paf
—_100
1
National Stores
First
Fllntkote
30
92%
17
*91%
4% Nov
20% Jun
k 92
10
110% Jan
—
4%%
9,800
v
47
*43%
Enamel
2,100
..
■
'
Federated Dept Stores—
4%% conv preferred
400
18%
18%
47
109v
11% Jan
15% Jan
9
21% Mar 14
k Federal-Mogul Corp——.
——8
Federal Motor Truck
——No par
6,600
..
52
July
July
Jan
86
Jan 28'
36% Feb
14% Mar 13
2
Ferro
114%
*112
July
106
86
Jan 29
75
3
61% Jan
r.27% Mar 13
No par
Federal Min & Smelt Co-
"
64
Dec
'
;68% Jan
:
23 V8 Jan
28
;
32% Jan 30
k-:23% Jan
3
t & 45% Mar 14 ; k63% Jan 15
V 10% Jan 28
W: 8% Jan
9
f;;
Mar
62
i . May
12% Jan
Yi
23 y8 Jan
Mar 29
79
.
R
Mar
110
16% Mar 23
k.
:
B
.4,
-
107
Jan
2 ,; A
3% Jan
:
—No par..
Co
Sep
T16
104% Jan 10 V
105% Jan 31
'5% pret series A—
—i.100
Erie & Pitts RR Co—.——.50
Eureka Vacuum Cleaner—
—B
Evans:
103
2
106% Jan
xl03% Mar 13
—
Erie RR common
Dec
24
Feb
Feb 25
32
tEqultable Office Bldg-—Nn par
:
81
Jan
40
-
k
29% Jan
27 V* Dec
111
105% Mar 29
4% preferred^————100
Engineers" Pubilo Service—
r $5 preferred—
—No par
W 85% preferred—-——
No par
V 86 Dreferred—No par
Fidel Phen Fire Ins N Y- ———10
25
Firestone Tire & Rubber—
39% VAlk:
.
52
W18%
47
.
114% ;
.
*51
18%
18
*43
,•'•:> ,:''kk
75 >Jan
1,000
8Q%
Dec
55% Nov
48% Oct
20% Mar
1,800
,
108%
W 63%
39%
•113
'
5i' ;V
,5i
18%
64
38%
V
38%
'38%
.
79
Dec
146
21% Aug
220
,k
64%
64%
108%
158
6
7,300
31
31
*
79%
79%
108
108
VC-veA: v 64
V
900
2,500
66%.
*107% .108
:
31%
64
'
19% Dec
Jan
2
k
Dec
7% Dec
43% Aug
11
Dec
24 % Deo
Jan
*
3^1% Feb
300
65%
63%
46%
18%
*43
15%
65%
13
71
47/a Aug
3% Jan :
Jan
49% Mar 13
112 V Dec
Jan
37% Feb
'•>,
1,200
29
15%
-28%
79%
si..
,VV- 17%
17%
86
v
■
29
»'
15
'
45
l(i%
,
14 •-•■
5
'
39%.
:VVVV5iVV
51
28%
V'
107%
'
65 '/a
18
*52%
39%
80% Feb
7>
A 39 y8 Dec
24 v
106
3
137
20
1,900 " •Fa Jardo Sug Co of Pr Rico
13,500 VFarnsworth Televls'n & Rad Corp.l
Federal Light de Traction
18
1,600
86 preferred
——
No par
24%
64%
;
63%
108%
113
86
31%
•140
Sep
July
Aug
8% May
42% Jan
25
5% Mar 14
109% Dec
104
10
Feb
17% Jan
V 148% Jan
.3
'
15%
*31%
>
80%
38%
45
*43
39% Jan
■
71%
113%
m *iii% ii3%
49
V
Vs.*47% V 49;
*47%
65%
107%
31%
sr;* 65
113
.
64
•107%
65
15%
65
15% 115%
385/a
113
50%
V.
108%
37%
36%
36%
*111% 113
*50
15%
■24%
28%
28%
67%
•61%;
70%
;V-Jl^9%v^9%':
mzpm, 15%
29%
*111%
48%
*47%
V
29
29
15%
66%
77
Mar 14
111
114
'
15
v
Jun
66% Oct
2y8 Mar 27
35
Mar 29
Jan
700
% •
'k '70.
IV 29%
'15%
113% v
*111%
113%
15%
*63
V'V
24%:
70
16
*24%.
25% '25%
•64%
V: *30
29%
15%
■:
16%
64%
,f
v 64%.
70
29%
30
Dec
200
Jan
24
2,2091,300
►
VVV »9% ik 9%
.
'
29
;kl5:
'
'
m
'70%
229
.Jan
22% Mar 15
1,300
52% v:
v
9%
i4o.
94 L"i
.
18%
200
3,600
-
18%
>
July
185
R 49.
Emerson Electric Mfg Co—4;:
31,800
27,100
s.
ir,~
79
,
—
v:,.;
108%
3-%
17%
V.
9,900
i5o:
-
'
,V4%V
17%
*91 %
160
58%
'■■■15%
49
2
Emerson Radio & Phonograph—5
Sndicott Johnson Corp__
—50 V
85
53%
29%
25%,
49
170
5
Mar 21
Feb
71
V
18% Jan
5
V 32% Mar 29
'
'
;V*111%V113%V
Feb
200
21% Dec
134 k Dec
35% Nov
39%, Jan
.
16% Jan 28
.No par
El Paso Natural Gas-
6,900
2,000
>80%
108%
18%
10
69%
•
RJan
3
v
No par
-
1,400
:Vv'S;37%k 37%"V
.
103%
108
108% 108%
9%
I
106% V
36%
104
v.-,
;
-94-- V
9%
9%
>'29 k 29%
15%
16
28%
(6 preferred
Electric Storage Battery^
800
52%
•w.
V
Electric Power to Light—^.w.No pa*
'87 preferred
No par
.
.500.
23%
"
82%
108%
.
53%
28%
,'v-v:. 9%
*80%:
106%
-
17
V 18%
28 A
•
103%
81
53% ■•"54 Ri
* 9%
k
Elec & Mus Ind Am shares
s
32
108%
18
80
;
85
-36%
'
108%
A. 17%
*91% V94 R
18%
18%
13
9.
v-k
106%
A
108%
RA.4%' jvf, ;4%
'if
79%
i
54;-
*9%
104%
.5,200
'35,700
'
.1,100
158
52
Feb
4
67% Jan
Oct
Mar
25Q
V193/4 Jan 21
t—
341% Dec
117
Jan
—
25,900
30% Dec
Oct
4
11
*
192%
113
111% Jan
-
'
Mar
5
9
Mar
-
Deo
129
'
106% 106%
k 37% -38% V
*103% i04%v
38%
Vv5 m
Feb
28
Jun
Jan
:
108% Jan 11
33
33%
113
125%
1% Mar 28 V
Inc com new—1
Oct
115
Apr
Dec
20% Aug
41% Mar 26
8
^
111%
24%,Jan 18
5
—4
-4.-————
Elastic Stop Nut Co.-——1
Electric Auto-Lite
(The/
8
Electric Boat.?^
ra
.
:
24%
♦51%
Jan
.
27
8
123 % Jan
26
Feb
191
61% Mar
-100
167% Deo
110% Jan
Jan
2 '
215
.No par
122% Jan
7
17
116% Feb
Feb "13 ,:
v
Nov
100% Dec
Jan
4
30% Jan
preferred—100
4% %
Jan
Oct
29 y8
Mar
12
193/4 Feb 26
Ekco Products Co—-4-—-———5:
4% % preferred ——k.—100
3,700
•
170% 170%"
51
24%
84%
:.
51
51
33%
51
4,600
6
*156
23%
109%
*108% 110
,
158
23%
*108%
llVt
16%
*156
52%
i
114
'. 98
65
155
132
Mar 21
:
'
29%
Jan
32% Mar 25
2
Jan
128
V
Mar
22% Jan
•
32%
23%
,k vk
34
.
*103%
•
j
52%
106%
37%
*108%. 110 V
24
171
171%
53
*80%
106 %V :
37%.
*
5%
5%
23%
5%
52%
,52
52%
'
,23
33%
V
31%
Rights
V
2,200
11%
73%!
11%
Deo
47 V
38% Jan 28
204
Feb
2
24% Mar 12.
'30
—9
preferred.
cum
Edison Bros Stores
3,500
114
ki 'V73
-
32%
170%
171%
"
22%
29%
6„
23%
157%
157
-
k 73
72
A 66
k
18
115% Mar 29
8
181% Feb 26
-
5%
22%
171%
•
12
11%
.'72%:
28% V29%
6% V
5%
23%
156%
52%
A.
30%,
172
*51%
.
30
<
5%
24%
^
*169
r
73
30%: .31%
.
.
23%
*168
71%
;
12
72%
;
12V Vk
R 12
■$& 72
12
11%
•
k
5%
;■
'
,.Al2
108% Feb
.10
...
Eaton Manufacturing Co
6,900:
:
33% Jan
100
Steel Corp
Eastman Kodak Co—
*
1%
35 ::-':,
Co
Eastern Stainless
2,000
"V*109% 111
38
38%
114
*112%
V:
-
Ea&le-Picher
62
116% Feb
23% Mar 14
Aaobciii Air tinea inc.
205
1%
v34%-
-
'
-
i
61.%
' Deo
6
113% Mar 12
par
Duquesne Light B% 1st pfd
••1,500
1,600
244-' j?
V240 ?
*
.64%
62%
k: 62%
2
2%
1%
1%
34 A
33% V 33% V.
34%
*109% 111
*109% Ill :
'
38
37%
38 %
RR 38
111
39'A
114 R
39%
239%?,:
205
.64%
65%
64'/a
:
*200
205: ::
*200,
■
64%
$4.50 preferred
29% Feb
•
143 % Feb 26
(El) & Co
-20
.—No par
4,000
•„
Mar
50
15
90ya Jan 21
Inter national———1
3,700
■
;116%-..U7%
•;
1
*200
Da P de Nemours
400
*
40;>: k4Q;
Dupiah Corp——i—No
114%
tl6.% U5%,
44%
Dunhiu
1,500
Feb
108% Mar 25
160% Jan 15
.^.500
preferred—-—-—100
4,4(30
128% 128%
115%
conv
3,900
36V4
98
109
Vs Mar
.
Mar 19
31
Jan
23% Mar 15
.
Dresser. Industries
33A%
48
3
Dec
Jan
Jan
17
31
44% Mar 27
Dow Chemical Co common—No par;
$4 prelhrred series AJfio par
10,700
198
38
t per share
105
14
56% Jan
Mar 28
52
.25
Dome Mines Ltd—No par
W 300
t;
50% Jan
Feb 26
39
Highest
>
I per share
103
Jan 29
109% Feb
5
Feb 25
83
105% Mar 15
V
Douglas Aircraft——No pat
600
31%
31
36%
197%
U 7 v:. ,4
<4l%k: "'.-41,
v,40v
26 " 115% 115%
;
.
-
$ per share
$ per share
.
8,000
116%
27
V
Class A——No' par
Dr. Pepper Co.i-^-w———No par
Doehler-Jarvls Corp
——8
166.'
*115
Year 1948
Lowest
,
par
320
:
:
'.Range Since January I
Lowest
'Highest
>,
Dixie Cup Co common^-^—-No par
1,100
,3,900
6,400
102
X166
,r
24%
,.
V
/
-
preferred.-—100
{5%
:
;• 28 7/a
99%
:k
25%
V
115%
*114
115%
v:,,. 24
24%
102
Banre for Previous
'
STOCKS
EXCHANGE
3,400
44%
.■
,
-
NEW YORK STOCK
,
Distil Corp-Seagr's Ltd——No par
3,800
>
52k,V52%V':>
V. 28%
Vk.' V
:kV>VV.VvvVVkV-.^
;
45
*44
..
-
*116%
27
117
Vv
28%
*163
163
26%
*128%
128%
116 V
V
.163
*115%
28%
199%
200
128%
116% 116%
.21%
32%
■
,
27%
27%
*114
31-
-V 198
?
108%
*161% 163
*115% 117
115%
"35.
:w
102%
27%
*114
:n: 34
34%
•V" 196% 198 "
VR25%/R25%
117
'.25%
?
-
-
52%
/
90%
89%
44
;
-
/
V.Shares
•105% 107%
43%
V 52 '52
V 44%
44%
44%
,
V";
89%"
43%
28%
161%
;
88
'
V
VVV the Week
:V# per share
*105% 110 %
-44:.
45%
108%
*114%
It
110%
-
Sales for,
Friday
;
Mar. 29
t per share
'
45%
25%
"
VA 161V
.
*128
52% V 52%
88
•
*105%
-•V 43%
'
*
;
106 ; 107 ;
i! *158% 162%
AR *114% 117
k
25%
25%'
:
*114
.115%
'V(
j.
V
share^
87%
-
,
Mar, 28
V 28%
j28% >28%:
;■
I per
88%
89
*106% 110%
:
44%; 45%
52%
52%
!45' 46 '
.
.'46%
28%
.
Thursday
■;
Mar. 27
V $ per share
sh are
*105%
v
52% R
*46
.<•
$ per
{Wednesday
Tuesday
Mar, 26
A: 86-%
v
iJS'
i
HIGH SALE PRICES
*
R''; V" Mar. 25
89%;eoii
'k;
-
134
Mar
123
Dec
77% Deo
130
Mar
'23
'
Dec
36 Vv Dec
7% Dec
46"%
140
v
Dec
Oct
8% Dec
34
Dec
SISS
w
THE COMMERCIAL & FINANCIAL CHRONICLE
1738
Monday, April 1,
1946
NEW YORK STOCK RECORD
LOW
Mar. 23
Mar. 26
Mar. 27
$ pet share
Mar. 25
S
v
i[
$ per share
per Share
•
S per share
> 36%
112'/a
114y2
38%
$pet share
37%
38%
>36%
,114%
39y4 '39%
*108%
115%
39
110%
43
*112
112 z
36%
•
*103%
105
/
41%
*54%
56%
6 '/a
*103%
41%
413/4
8%
*144
/.
43
*54%" 57'?/
*
6
*543/4
'/•!' 6%/
6%
146%
*144%
38%
38%
39%
37%
••
39 "<
81%
843/4
84%
103%
*103
1033/4
103%
67 y4
68 %
68
69%
108
108%
40
40%
108
108
39%
40
■
•
•
>:
; 12%'.<123/4
[■
♦1043/e 105
57
*543/4
146
38% : =39%
82% "83%
813/4
103%
*103
70
109%
No%
84
12
:
:
:
38 /
..11%. .11%
39Ye
39%::
21%
213/a
213/4
22%
22 Va
23
-[[ 2i
21%
21%
39
38%
38
36%
*108
36%
111
38%
37 y«
*108
,
'
9%
,
<40%
•
*18%
[f 58%
18%
53 ya
30%
30%
186
19
59%
59%
31aA
32 Va
30% ,31%
*184 :
/ 186, j
.
«
*184
60
59%
-
■.V: 31%
•
;;
31%
'
59%
32
*
3i'/4
•184
•
*65 3/4
73
86
*65%
34 y4
353/s
35%
"109%
87
87%
:
36%
37
•;
*65%
73
86%
87
86
86
36%
37 %
37
*109 3/a
112%
37%
*109%
*109%
[47
11%
11%
11%
.98
24%
98
98%
25%
25
25%
73%
74%
73%
73%
623/4
64
63%
64
37
*35%
37
"
—
V
993/4
243%
7iy4
303%
; 186
50
73
;
87
H
39
97%
-98/.;;:
*24%
24%;
72%
72 3/4
61%
\
62%
100
A6-v /
98
99
♦97%
24%
24%
24%
713/4
71%
71»/4
643A'
63
641/4
65%
99
3
72
Mar 22
11,100
;
42
t
3
Mar 29
48
..
■:[ 39
26
Feb
;
105
Feb
5
Jan
39
Mar 29
110
Jan
26.
22% Jan
3
175,
i May
Jan
75
Oct
Jan
86
Dec
22% Jan
x35
Dec
>
52%
31
Jan
104%
2
13% Jan
913/4 Feb
25
108% Mar
55% Dec
Jatv
28%
:
Jan
5% Mar 1
12% Dec
100
Jan 25
30% Jan 28
82
143/s Mar
30%
Jun
78% Jan 28
58
Jan
*2-
Jun
67% Mar 29
Mar is
57% Feb
,
52
64
•
•
49%
Jan
01%
Dec
108
v.
26
,
-39% Nov
161% Mar
16
14.
Nov
21% Dec
65% Nov
,
Mar 22
79
88
Feb 25.
109 Vs
46
Aug
28% Jan
186
••
V
Dec
33% Deo
Sep
Sep
-
63% Jan' 16
10% Feb* 25
21%
-14% Jan
25
/ 71
Jan
4
30% Feb 26
-
Jan
.. .
34% Jan 28
7;
/z'7%- NOV
33% Deo
Jan "
14%
25%
/
NOV
Dec.//
12% Aug
5%. Jap
4%
18%
18
V.[
Oct ;
115
•
39% Maf 29
•
Oct v
63 3/4
12 % Mar
8
Feb
NOV
74%
107% May
Jan 30
21
40
3
/Mar 29
112
v
Jan '-
105% Mar '
18
45
..
Oct.
165 Va
July
-
12% Jan 19
Mar
v
-
Apr
27% Feb
108% Jan
•
fi£9T%- May:
147,% July
25% Feb
July
4
3
542
Dec
/&3ft;>Oct--
53
5-
Feb
;
Dec
104Va
Jan
102
Feb
16
!
Jan
6
Mar
113% Jan
3
77
$5 conv preferred -——NO pan
Gulf Mobile & Ohio RR
LNa par
$9 preferrecL
No par
Gulf OU Corp—
J2M
1,600
.
86 Va Mar 29
Jan;
65
1,
Dec
33/4
5
16
107
54% Feb
26%
105 %
>
52%
16
8
.*'k
/
•Deo!'
Sep[
25%-Jan;
29 v
-29% Feb 26
:-lOQ
Co Iric-^.
Feb
151% Jan
®eeo Bay A. West RR-^
Green
Orumman Aircraft Cnrp
Guantanamd Sugar,
3,100
67% v
65%
;
-
4,000
[ *660
,
45
4
Jan
,
Mar
48
1U% Dec
•
Mar
96
•
42 V4 Feb
108% Mar 21
it 17
•
,
Jun
.
13% Mar
90
25
56% Feb '
26-v
Jan
107
.
;
/ 8 3/4 Jan
,
Jan.
Jah
9
Dec
111
105% Nov
*26 / Jan
[
Feb. 13
105 Va Jan
\
[
Greyhound Corp (The)—.
No par
;■■ ': 4Y*%
preferred-*—100
6,600
.(
.
*
■' '
.
Jan
.
Aug [
58% Mar 25
3
Jan
28
38% Mar 25
106
Feb 27/
Jan 14
(H L)
■•■.-—.
11%
24%
72 Va ,73
,
■"
/
118
•
19% Jan
—_100
V
4
15
4
Feb
^—
,
■
46%
11 y*
'
■
1,400
31,800
*110% 112%
11
■
11.:;
-JVcf par.
n
Feb
v
Grear Western Sugar-i-^JVo par 30
Preferred
——...-mi,,100/fc 172
v
'
:,<i
111
9
30 y4 Mar
Great Nor Iron Orp Prop
No par.
Great Northern Ry 6% pfd—No
par
t
s
>
w
10,700
37
•
"
383/4
Mar "21r
.68
,
No par
Granite City Steel
Grant; (W T). Co
3%% preferred
Dec
27 Va
26
Va Jan
Deo
Jan
:
Mar
Mar,
[ 45% Jan
Mar 25
•
4,600
60
*65%
;?
*110% 112% I
47 .•.•„• ■
: 4&y*
46 3/4
■11%
'24%.
11%
11%
47%
U%
.
45%
99%
46%
48%
•
■16%:
35
(B F) ———N<i par,
.
^
<
54
99
Nov
4
Jan
31,
44%
,36% Jan; >,-3-r
.
10
Grand Union Co
2t600
3,000
.
87
373/4
'47%
46%
.11%
73
*653/4
70
87
*65%,
70
87
86%
2,900
18,900
.
104
•
Jan
46
Jan U2
>39% Feb
$ per share»
19
133%
1
22i/a Jan
103
:
44;20O
,..
V
V
'Highes^:/;[;i
$ per share
:
253/a Mar
22
Mar
110
:
$5 preferred
—No pat;4. 102%
Goodyear Tire & ttubh;
No par f
58%
$5 convertible-preferred^-wlVo
par; [• 107
Gotham Hosiery
No par
34%
Graham-Paige Motors
1
*
ld'/4
Granby Consol M 9 St P——
9
:
6 3/4
112
18%
59%
30%.
/
*184
*184
,
5914
,
Goodrich Co
700
900
r,
39 y2
*108
18%
18%
18%"
%[
18%:
19%
19
59%
:
1,000
12
■
58%
100
par
per share
40% fvlar 29
6
Jan
108
Year 1945
Lowest
39% Feb V 2
130% Jan 10
36%' Feb 26
<
[ •[
Goodall-Sanford Inc
12,600
40
38 Va
112
*108
t
■
9
9%
.40% [45 ••[[
21l/4
21%
9%
39
112
*108
112
*108
112
9%
.9%--
•■
<
109%
::ll%
38%
'
Preferred.
14
-36% Mar
v
fGoebel Brewing Co.
1
6
Gold & Stock! Telegraplt Co-t.^-J.00, ^ 145
'—
2,900
10,000
72
40
21%
38
*36
/
'9%
86%
109 y3
;
40%
[
103
70 3%
109%
*39 [•
12 %
38'
83s/e
103
70%
>109
11,'600
39
103%
,
69
3,200
.
146
•>[■39
38%
38%
-100
.
:
6'/4
6
*143
,'
■'•
39
12% ;12s/a:.
i
—No
Safety Kasor—
conn.
Jan
112% Mar 23
a
Gimbel Brothers new
No par
t $4.50:
preferred -————_No par,
Glldden; Co (The) >. ./•'
w«» p"* '
4% % cony preferred.-—50
57
*55
6%
6%
*142
42
41%
38%
■
85
16,400
1043/s
104%
s
42
41 y4
1
58
553/4
12%
9%
Gillette
>1300
.
29
[ $
.
37% Feb 26
-—
28,900
i
106".
i per share
—„j
General Tlrfr «te Rubber- cq
• 4tV* %
preferred
200
38
373/4
*104 5/8
.-
56
37Va
9%
113
*111 '
12%
,
6,'400
Range for Previous
Range Since January I
Lowest
Highest
Par
General Telephone Corp—1_
20.
Gen Time Instrument Corp__No par
;4V4% preferred-—*—^
106'
100
1
''
44
4- 9%
363'4
9%
'
r
*
Gen Steel Cast $6 preferred—No
por
15,900
1,500
.
t
110%
*108.
113
54
Z
109%
;
40
39%
•
J
'
*39%
108% 108%
.
YORK-STOCK
EXCHANGE
*
^
•
146 V
69 V\
71
■
General Shoe Corp«.
520
/
40%
43
105 % 105 y»
6%
>
103%
103%/;
70
108
*111
57
*54%
•:/&•
[*143
117
•40
40
40%
Z 36% / 37%
43
:
84 V*
83 %
103%
83%
57
6%
40%
42%
.
,
105
42
39 VA
•
113
/
#104
146
*144
146%
•
108
•
'
58
54
41. /
37 frr
36%
>104%; 104%
54 Vs
54%
*103% 105
43
433/4
105
*
>111
/
165%
105%
*105%
57
43%.
40%
40 Va V
1,300
37%
116%
40%
'
*198 '. 109
44A3-r-> 43% ;
108%;
*111% 113
36%
37%
112
38 ye
106
57 y4
58%
37%
106
56%
44'
'
;
Shares'
share
per
STOCKS
NEW
■
the Week
h
37
lie
•40%
'•
41
$
37%
116%
37
37
393/4
"40%'
40
t
.
115% 116%
-
Sales for :
■
,
'
*
37
.
40 %
108%
43%
110%
42 3/4;.
114
35
*104%
39%
'
40
*108%
43
116
39%
40
"36%
117%:
36%
37 y»
•
r•!»./'
Mar. 29
Mar. 28
r-
.
Friday
Thursday
Wednesday
Tuesday
[/.Moiday
Saturday
PRICES
HIGH SALE
AND
Oct
-
Dec
H
M
*35%
37
%
*3i%;
32
>%
24
*23
•
'
■*■' *111%
*35
>
f
31%
113%
•111
*107%
109%
*107%
24%:
-
:
'
46%
Z'
251/4
13 Vs
14
•v
14%
12%
13%
/
133/a
132
*138
'
84
,
64%
143
141
'
109%
82%
82%
*83
83
>185
191
35
•*138:
%
31%
140<
♦81
84 ...
84 i
:.141% 142%
32
34%,[
32
65%
j
36
33%
35
65*4
34%
25%
25
25
30%
30%
30%-
51%
ZZ 51%
51%
50%
5iy4
50%
,
503/4
24
•24%
24%
24%
24%
23%; 23%
23%
•58%
58%
*57%
583/4
57%
57%
32
32
,32%
110% 110%
*25
25%.
*29
30
-
70
24
4
58%
31
*110%
31%
>110%
112
♦84%
88 y2
26%
26%
26%;.
51%
50%
51
51%
9%
9%
*18%
19%
*37%
38
.51%
v
33
8%
83/4
[/
83/4
•
♦49%
8%
1
•
[9y*
19%
183/4
38%V-
33%
[
9%
18%
V
333/4/
m
LOW
AND
183/4
37%
•800
Hires Co
2,000 ;
58 Va
*31%
31%
109 %
109 *A
>■'. V 87%'
87%
-600
28%
15,200
51%
1,600
26'/a
/•
*51
1,800
>
Vi
373/4
#18
Saturday
Monday
Tuesday
19
.
i
33*/4
[
■
:
:
•400
33%
8%
8%;
Mar. 25
Mar. 26
Mar.:27
tper share
6 per share
t per share
^
Hudson
5ft
21.
Jan
28
Mar
5
2*
134 %
Jan
Oct
103%
90
Jan
2
71%
Feb
19
9
170
22%
Mar 26
■
130
Dec
V
Aug
.39%
Dec
189
Jan
Jan
29
73
Feb
90
Nov
21
123
Feb
138
Dec
32
Dec
94
32 '
37
Jan
26
35
Mar 26
56% Jan 22
70
•
Mar 25
Mar 29
-
!
115% Dec;
138
July
Feb
•
Dec
92% NOV
Apr
Jan
82,/Jan
138% Mar 28
Nov
35
146% Jan
25% f*eb 26
-
,,
,,
Mar
137
Jan
82
^,14
&
29% Feb
10
;
S
[
—,._12.50
2%Ya Aug ;
[
•■;
9
27
Jan
Jan
Jan
;
2'
55% Mar 14
27% Jan
3
.
19% Jan
33
Jan
30
25
111
Jan
25
102
93
Feb
2
29% Feb
1
3
49% Mar 13
8% Jan
2
25
[ 33% Jan
Feb
26
8y8 Jan
3
27
par
[
87'/a
NOV
Jan
23 %
Dec
Jan
54
Dec
Jan
8%
Dec
10
Jan
23%
Jun
36Va
Dec.
263% Aug
14 V\
34% Mar 25
30
,
STOCKS
-
109% July
2
4
10% Jan
'29% Dec
Aug
Sep
12%
17
413/4 Feb
4
Jan
Jun*
34%
12% Jan 25
Mar 13
-
60%
25% Dec
63
Nov
66% Jan
60% Feb >1
18
.
63% Nov,
26% Nov
35
Nov
v
Jan
16% Jan,
55% Oct
14
3
Mar
83
Jan
3%
*■
May
*34
Jan
Jan
9%
B»*fo for Preview
Shares
Lowest
Par-
8 per
$ per share
•
;
/
Highest
Lowest
Highest
$ per share
Dec,
Year 1945
Range Since January 1
.
•
Dec
32%
-
17
Jan
17% Jan
28% Fetv 6
62
Jan
.42
7
106% Jan
NEW YORK STOCK >
: i EXCHANGE
-[[.*.[•[•
:
•
333/4 Nov
41% Jan
11
Mar 14
■/
23% Jan
i
29
56
■20
16
34
[ 21% Jan
•
15
28% Feb 20
60
.
loo
Hudson Motor Car::—— _—No
Hupp, Motor Car r-nrp
:
24% Mar
a
non-cum
the .Week
$ per share
$ per share
No par
Manhattan
2'
Jan
■j
1
(Del)
preferred——
100
Hud Bay Min Si Sm Ltd—
No par
Sales for
Friday
Mar. 29
Mar. 28
t per share..
'j,;
(C E) The
Holland Furnace
.[ '•■["
Thursday
'
v,
4,'500 '
45,90(T
8,600
38
*
Wednesday
Mari 23,
Cnpp.
108
38% Jan
26
130
3%% preferred ——i_100
Houston Light St POwer Co
No par
Houston Oil of Texas v t c.
25
Howe Sound Co
:
x
9
8,600
373/4
33%
8%
90
9%
18
.
31% Feb
135
par
Hollander & Sons (A).
.800 [
SALE PRICES
HIGH
Rubber
Mar 26
186 '
113% Jan
Houdaille-Hershey com--J;__.No par
$2,25 preferred /i———-50':
Household Finance, com.
-No par
9%
323/4
8%
Hewitt
Mar
20'/a
,
16% Dec
14 [ Dec
6
100%
,
Dec
104 y3
Oct
9% Jan
393/4 Mar 26
'
14 '/: Nov
4
143
*
Jan 15,
43% Dec
28
1093/4 Mar 26
184
Apr
155 ;
17% Feb
Mar 13
lOQNo
3,'700
263/4
•
2
1
98
5
Dec
15% Jan
;■
■
103% Jan
4
82% Mar 27
No par
preferred—.
57 */a
"503/4
18%
37% ,38
32% ; 33*/«
8%
9
9%
conv
Holly Sugar Corp
88%
26
9*4
.
$4
Homestake Mining^
>
32
49%
Jan
32
24
Jan
29%
Oct
*30
Apr
7% Jan
16
106 % Jan
3
par'
preferred
Hershey Chocolate.
16% Jan
110%
18% Jan
132
48% Mar 25
.
•
19
Vs Jan
121
;
par
400
-
,
112
:
50%
No
,Nq
Tir„.
57%.
♦87%
263/a
26
■
Hercules Motors——
Hercules Powder__^_
Feb
12
8
Dec
Dec
121
.
9
Feb
160
137/a Mar 28
25
5,100
X31%
:.
88
(G W)
2,300
*109 %
32%.
111
,
373/4
9%
19%
>18%
38%
[ 38
,33% •34%
9
8%/
•
•87
102
————————[,15.
3% % [preferred-i^-^-«-iiiooi;
Hfnde & Dauch Paper.
800
*
87
26
51 %
81
32%
Ill
.
86%
26
26
/
112
#85
863/4
'58%
•
4
25%
30/
-
28% Jan
26
30% -30%
50%
so - ;
23% [23%
*25
25%
30
"
v
Feb
12% Jan
233/4
*25
•
34%
23 [ Mar 15
Nov
27%
103% Aug
105
Dec
Mar 14
Jun
39/
43%
•
.
25%
.
36%
.105% Jan 16
37
90S
6,900 [
*353/4
17
111
17
6%
400 i j
.•
31
67ya
•30%
51%
: -20
•
85
68
35
*51%
[Z
30
;
.
'
36%:
67%
66
140
k
*30%
*34
34% ' 34%
65%
-36
.
*83
,
117% Jan
^•7% non-cum preferred-^,A-i-l00;
1,400 [
>141% 142%.
<111% Feb 26
Jan
'
*35%
36%'
*138
•#
[ 31
58%
■/'
r,
142%
31
31
65%
32%
65
*141 %
Jan,
Jan
.155
v
1,100
34. '
15%
39
26
100
Helme
132%
..,131%
Jan.
20%
8
Hecht Co.
10
191
.
33%
.V
132%
y 138% p8*/a
85
85
•
/
36
36
*185
/
143
30%
31%
•
85
*141%
■;
,
34 ;
34/
2,200
.
33
17
_
570
.
.
191
131
c
23
26% Jan
-
2*400
.8,800
t
38
37%
'.*109 [ 109%
:•[> 82%; 82 3/4
v
84
•
13%
12% >,13%
preferred.
Jan
35% Jan
28% Feb
>
^[22:>Marj.3>
par
Hart, Schaffner & Marx
1—10
Hat Corp of Amer class A
l
i 4% %i,
preferred < modified J—-100
Hayes Industries Inc
:
.i
Hayes Mfg Corp—
Hazel-Atlas: .Glass'! Co
2,800
-1;400
141% 143
38%
109%
*185
134%. V
;vl34,
:
38
191-,
34%
.
140
>.*.138
39%.
?
103
13%
■.
1
13%
*13
143
*109
'
25
142
473/4
*46%
•
38%
35 Z:
84
32
24%
13y8
*108%
;
144%
353/4
[65/Z
51%
3/7DO
f .33% Feb : in
10
No
i 4%-. conv.
preferred
t
—10O
Hanna (M A) Co $4.25 pfd_;No par
Harbison-Walk Refrac—
[No par
6%
*101 S
103
>13% >13% .;..•■■■
123/4 -.".13'-': i [. /.
14%
393/4
/■ 135%- 137/
140
31%
K[
143
:
12%
109%
82%
134
83.%
[
*185
35%
*30%
30
•
13%
39%
35%
-
'
*143
30%
353/4
v
25 Va •25%/
13%
#102
*10
'
>156
47%"*
13
103'
i1114%
143/4 '
135'
85
*138
m
144%
30.:
-
t
-15
Hall • Printing Co—
Hamilton Watch Co.
1,100
;
107%;
107'%
•
*46%
13
:
1093/4
191
* 134
,
Z
38%
*185
*35
14G$S
*142
24%
114
*112
#156
47%
13
*102
>
14%
110
*82%
35
">8i.iV
,
['800
33
.
233/4
233/4.
*107% 109%
253A
25%
—
46%
48
13%103
<
12%
■
135
38
*108%
/ 191
134
13%
*102
14%
"13%
132
*37%
37%
*108% 110
/
83' 'Z 83
35
:
<
323/4
323/4
23%
*111% .114
25*4 ' 25%
r
-
•156
47%
.
14
♦131
26
•
•. i' 47%
48%
> 133%
13 Va
/ *102
•
103
103
♦185
113%
*
[^07% 109%
109%
*156
[[•;>[
*102
•130
25%
253/4
*156
47%
13 y«
*111%
;. V
Hacfcensack Water-
"
24%
•
% 113%
32%
23%-
37
*36 &
33
37
*36
32 Vs
24%
*111%
37
23%
32
233/4
:
113%
(V. *156
')
31%
24
31%
Z #231/51
*107%' 109%
■
•35%
t per share
share
I
*41
97%
*31
13
/'i;
.31%
>17%-.
'
.
32
13
-
88
18
,96
32
/
•
37%
[
*733/4
32
♦32
13%
32%
13%
32%
18
18
18
106 s/a
88%
*106%
107%
•130
131%
131%
1313/4
175
119
119
19%
*47
*108
*170
103/4
10%
11
16
16%
207%
88 Vs
207%;
1993/4
1993/4
11%
113/4
89
/
11
•207
893/4
PO
30%
30 3/4
98%
*97''
83/4
['t 9
/ 37%
8%
,37 %
*140
37%
*
/
145
45 y«
31
13
% 12%
32
31%
18
18
87
'
86%
88
*106 Vi
140
45%
45%
*97
9
19%
-
10%:
10%
'
38%
140
46
*47%
*136
♦
*208
;
45%
118
118
113%
115
108
108%
63%
45
109%
*60%
108
*60%
20%
63%
45
•168
45%
199%
*168
♦140% ,175
*140%
>;
21
*108%
*61
45%
45%.
199'/a
*169
175
*140%
24%
24%
2434
24%
24 %
25 %
25%
44
44%
26
27
43
42%
*25%
42%
„
26
423/4
*160 '
*4JL%
'
25%
24%
footnotes
see
21%
46
89%
210
1744.
,5,800
•
700
109 ;■
.200
•[!
20
:.
-
>98 3%
8%
*136
45%;
114
63
45%.
*98
14
V
■
38
139
X138
;;
>
500
5,500
/
12,000
98%
;
9
200
3.200
Co
1
5
——
6ft
__N,o
preferred
Inland
Steel
Insuransharfe Ctfs Inc—
Interchemical Corp
International
Preferred
1
—No
,
45%
45%
[ 117 V'a
113
112%
20%
,
;1
20%
108%
*60
20%
;
199%
*168 [
198
175
*140%
155 y8
23%
24 %
23%
23%,/
42%
28
43%
•
45%/!
118
•
"■[
[
:/•
100/
4ft
.
21%:;:
43
'•42%
>.
42%
1,600
46%
;1 207
y300
5%
;
conv
-No
>
24
24
/ 31,300
24%
•:
•[;'
/
2,100
110
174
Jan
105
Jun
Dec
19 y4
Dec
29%
:/95%
-•>[• 7%
/"■•/,35%
,
.
Dec
:l0'/4
Jan
Nov
57
109 % Oct
:
Jan
63/a Mar
.
Feb
20
33% Jan
30
98% Jan
7
Mar 13
/ 11% Feb
42% Feb
5
Feb
17
5
Mar 15
2 3/4
6
Mar
6
Mar
8
.s.-
Jan
3
223/g Mar
.
6
Nov
Dec
99
Nov
148
?
48% Jan
Jan
11%
Dec
28% Jan
129
.Feb
39%
Dec
5%
2
19%
84 3A
Feb
■483/4
Jan
22
Jan
122
Jan
115
Dec
141
Dec
Dec
123 ;
Mar 26
,'r9%Mai/
24
n Dec
115% Jan
28
116
[ Dec
60'% Jan
25
41 Va July
57
Dec
30
39
453/4
25 % Jan
29
aq% Jan
207
Mar 29
,
Mar
79
-
[92 "
31% Feb
31 % Feb
Feb
■
Dec
Jan
175
Dec
Apr
151
Nov
2
183% Jan
33 "
Dec
2
18%
Jan
33 y8
Dec,
15
17%
Jan
415/8
Dec
29
Jan, 16
19Va
Jan,
30%
Oct
6
46
Feb
9
36
Aug
46
Dec
3
160
Mar 11
145
Jan
152
22% Mar 13
37
133/4
343/4
*
1373/a
1
Dec
193
.
75% Jan
.
Dec
100% Deo
Jan
Jan
Dec
14%
74% Mar
178% Jan
11
Jan
,12 %
8%; Mar.
28
>3% Jan
175
104 y4
2
14 % Jan
/[■: 393/4 Mar 6
[,110% Mar 13
par
No par
No par
•
Jan
373%
:
[
201% Mar 28
5
Mar 13
10
100
:
Foreign share ctfs__
Stores—
Intertype Corp
Feb
<
Dec
■
6
No par
:—50 v
Intern'l Telep & Teleg——No
Interstate Dept
54% Jan 14
Feb 26
215
Feb
iooy«Feb
xl06
-
*
86V4 Mar 15*
-15
—10ft
Co-.
International Shoe!
1,700
140
85/a
•[11% Jan 26
Jan 30
-
3,300
44%-'
Dec
69
109 Va Mar
Jan
82
2
Inter Rys of. Cent Am
-No par. : '•/19% Mar 4
ft preferred
106% Jan 21
—_T_100
n; 55% Jan
International Salt—,———,_No par
2
preferred
34% Dec
Jan
Sep
.[11% Mar
16
Jan
190% Jan
25
5
preferredj
Silver
6
13% Feb
100.
Preferred called
International
Jun
166
6
20 y4 Feb
100.Z/136
::r. 5
38
Jan
Dec
104%
Mar 27
22% Feb
3
par.
——100
1
Paper
175
39%
,103
14
14
195
Preferred
International
92
.19% Jan
•/
18
9
new.[No par
International Mining Corp—
7ft
175
23%
26
46 y* Jan
-
'
27%
43
*42 Va
'
*160
1,800
400
46%
.[■■•; 43
'[ 27% [27%
43
;
■
'
43%
-28%
3,400
Jan
107% Jan
13
-—
preferred
Mar 22
1203/4 Feb
-
„
Dec
Deo
-
28
/• 9% Jan
par.
Int Nickel of Canada———Np par
4,400
63%
*140%
■;
34,800
113%":
109%
200
.
"
r
♦61
45%
22,700
,60
108
65
46
38%
*84
Dec
44
Jan
72 Va Jan
18 3/4
,9;
144% Jan
107
7*
■A 45% Mar 14
w
Int Hydro-Elec Sys class A
International Min St Chera
;
[10% Jan
No par
Harvester—
J
89
.
Feb 20
2
373% Jan
/
323/4 Jan 10
7
[ 17'/a Jan"
Jan, 23
40%
Jan
19% Jan
47%
'
Irop—--i
Business Machines
Jan
>
22s/a. Jan 18
.
>168% Mar 15
< <100
——20
preferred.^——
Intercont'l Rubber—-iNo
Iht
,
4
29%
¥
14
16 Va Jan
•
,
129% Mar 22:
pat
:!*.4% ft
Interlake
65'/a Jan
106
,-A[o par
Inspiration. Cons Copper
.
•
26y4 Feb 25
.
7
15
Jan
85
[ 08.
8
12% Mar 14
.—100
!
Co_
/
17% Mar 13
i
Rayon-^--^——par
$4.50 preferred A
1
Mo pa*
lngersoll-Rand_
.530
46,600
138
117%
108 y4
%
44%
*lbO
'
8%
37%
112%
25 Va
*41%
98 Va
9
3iy4
30
45%
*i4oy4
?
:
,43
117%
>
20%
109
*60%
*165
[
37%
118
113
108 Va
175
16,200
31%
<[> 9
139
V[;". 20%
:•[•.
2.300
163/4
\
RR
;
117%
V
12%
*97 %
9
38%
45%
j
■;;•■'
10%
16 V'8
'
28%
li>b
/••«
48%
'
.211; 211%
92%
90 Va
201% 201%
13%
12%
90
12%"
30%
31
*42%
210
.
43
*
10
1,700
-10%
•vH-
201%
12%
*136
199%
25%
•
48%
"
23% "24%
23%
24%,
25
43
page
<
103/4
201
373/4
110
63 %
.700
.19VA ,19%
10%
103/4
[18%
27%
■
*156
For
463/8
160
.
;
119%: 120
109
16V4
[ ■:
.903/4
98%
.
118%
114%
Industrial
*1.75
48 3/4
"10%
210
.
30%:
■[■•';
118
2,5,00
'
88
•
16%
89%
.
114
Indianapolis Power A i.t.
wo par
Industria Electrica De Mex, S A
107
10%.
:12'%
•./
9
139
Illinois
Jan
43% Feb
45% Jan
I Mar. 15
[*29-.i blariS
.1000
3,900
133
»iop% 109
.02
5,400
133
10%
RR See ctfs series A--—
72
.100
Leased lines 4ft
Terminal
T
>
100
4,700
•
38%
118
20%
;
108
103/4
it1/*
;
31%
113%
.
;■/ -*471/2
48%
.
201
♦116
20%
10%
103/4
108
13%
♦112
20 y8
"19%
19%
—4.20 / :: 38% Jan 2132
Mar 13
100,
Co.
19%
107
.
Central RR
preferred series A—
12%
307%
19 y8
6ft
170
134
,
Illinois
31%
.
87%
,*173
118%. 118%
•
;
.
48%
134
;
175vv[ 175
119% 119%
•.[
98%;
8%
383/4
.
136
Idaho Power Co.
20
31%
-
173/4
"
98%
31
^
12%
91
12%
31%
313/4
■
31
[
98
*96%
98
31%
,
98 Va
100
18 y&
199% 200
,
12%
11,300
13 3/a
134%
208% 208%
90
31
400
36%
*106%. 107%
17%
200
*96%
42%
'74%
I
32%
10%
208
1993/4
113/4
-
1
42%
" 30.f.
.->72%
:?
.
86%
"20
163/4
44■
17%
.
119%
10%
•
•
36
12%
32%
109%
16%'/
/»
4Z
*72% iWi
321/4
13%
*47%
#108
109%
l6*/a
,
33
175
119%
10%
10%
/
*31
33
107%.
113/4
*108
98
134%
*170
[48*/a [ 48%
.
109%
*96%
v
74%
*106%
.
35%
36%
*72%
883/4
V '19%
'42
42% ;
•<
75
*133
"
19%
*103vi
'■•;■ *41%
35'%
37%
.18%
88
175
*19%
48 W
-
88 3/4
>119% 119%
19%
103/4
-
13
•.
/89/Ips
*168
42
>97
*106%
,-v
42
"36%
i
73%
313/4
31%
>.
•
96
1
*42
35%
73%
34%
[73%
•
*96
*
42
41%
34
*72
*160
28%
43
V*
V
r; /
y3oo
Island
•a
-No
par
Creek Coal
nr4f«rred
23% Mar 13
40
,
■•
'.;■/-
*
.148
Mar
Jan
'
•: t
Oct
."•
TflE COMMERCIAL
FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW and high sale prices
Monday
Mar. 23
.Mar.25»
Mar. 26
Mar. 27
i $05.28;;
$pierighar,e
$yershpr§
$ per share
$ per share
$ per share
*
Tuesday
.
Wednesday
5
j;
/ :
Friday
*
Mar. 29
Thursday
Saturday
*
$ per share
STOCKS
•
*
bw iobk stock
EXCHANGE
Sales for ;'C
■
:
^ho Jyeek
<
,Sh$r?t
Faf f1
/* $ per share
^catwt^F- L}
jlcw,
sfcua
?
oo
put
1*.
109% Jan 31
Johns ManviLle Corp...
...No par
3% %4 preferred
;_i_
>..100
&
30%.
30%.
31
*119:r. 120 ;
;;; 25% t 25 %
I
°59
62
371
.
,»59y»
.
37%:
,
22% ' 22%-
-
•30
0
f 30%
54%
36 %
62
40
21%
30'A
30>%
55 "36%
62%
53%'
38
^
»60%
>89%t
90
V
^ -54
>61
90
38%
38%
y
120
5,200
*
3,500
100
1,800
1,500
30'/2
31
,23% u23%t
2,000
15,900
m
38.
.,63
90
-n-
f49.%
60
■
r
i7k
91
900
170
1,500
200
38%
..
114
."
38%
.16%'16%
-i 58%
59
2
100% Jan
120
■
rpar
KManey (Q Ry'Co—
«£jHl
r
.,
1,900
;
Jan
.
Mar 20
Mar 13
6,200 i
.
„
Rresge <S S) Co-Krpsge Dept Stores-..-.
Kresj? (S H) & Co—1
i
10
—-
33% Jan
J
44
Jan
3
44% Jan ; 3
Feb-
25
2
0"
4-
20
Jan
117
Jan
13 A Jan
Jan 15
Jan- 3
Jan ?9
Jan
Feb
9 A A 34
Jan
16
18% Jan
Feb
4
Jan 29
—:1
.6
22% Jan
18 % Jan
35 V* Jan
Jan, 30
22% Mar
Jan
Feb-
9
38% Jan
188% Jan 141,
18% Jan 29
-
v
,
7
14%. Mar
.....l /
No par
jKro^r^GroceryAt Balu^JYo
2
14
I
93% Feb
42
'A :
Jan. 15
110% Jan
6
39% Jan; 311
18% Ma? 29
54
m
Mar 29
Mar 25.
.
,
" 8% Jan
72% May
Aug
Aug
107
^ar
8% Apr
R6
35% July
.
,
par
»
37-
Jan
-36%
.59
,
Highest
t per share
31% Jan 10
158% Mar 13
:15% Feb; 26
' #5 prior pxpp^$2^mi.JiQ pat
86% Feb 20
.Hoppem Co
134% Feb 26
4%$ preferred—■———^-*—100 i 107 y» Feb 6
Feb
53% Feb
107% Feb
i 160
24% Mar 14
*
;
115% Feb-15
150
>'
8
Mar 13
Feb
58% Jan
-
3,300
:,
:
40
share
141% Jan 16
,
3,800
38%
154
5
140
$ per
24% Jan 17
54
Mar 29
112% Mar 22
Kalamazoo fitovy ft fnrn
10
28% Feb 26
34%
Kan my p &x ,pf ser B-l—No par t ll9
Jan 10 : 122%
Kansas City 6outhern_.i_.No par It 24% Mar-13
32%
$%> pon-cum preferred
...100
57
Feb 25 y
65
n
Kaufmann Dept Stores.
_'_J,
35
Feb 27 V
40Vi
ii Koyser (Julius1 ds Co new—......5
: 21 % Feb 26 ■ &: 26 %
;
Kelsey Hayes Wh'l poorol A
1
29% Feb 28 «: 34%
H.
Class B—
_.I ■■
22
Mar 2 t 30
Konnecott Copper_^._J_
No par.
48
Jan
3
58%
;Key&Qne steel 4s Wire Co—No par '
22% J$p 3
38
I
01%;
38%
>109% hq
,110:
,38% -38%:
*16
>16% ;
—
:
Lowest
•*■■# per share
1
-i-fci
U61.
-
90/.,
39
'3.8%
,
-
.;^5%^
110
37%^37%:;,
,*15%-16J-v!i-16
16. »
£■ 4Yli^47%.'.. ^47%'.:i48:'£?■■■»
57
57 r
56% 60
;
;
119,1,25%
*59%
60%
40
*40/1;
25%
xm:
\lftC\Tim*: '.WW
*109% 110 V
;,m>
38%
:
62
>40
23
30%
>36%
62%
90
38% 38%
109% 110 '
-
1.800
?a%>3l
119
'
^'.>^4%^
34%
M
;
26%
"SO'/a
-
38%
22%
S»16% ;;17%i.;v;l>16% :
•
'-32I;.
120'.;;
22%
,-30%
,
55
38
*60
-
37%
->23%M24.,.;^
•
-31%
120
26
31
*ii9r
120
: 25%
26%
;
26
Mar
53
_
v
-
134% Mar 12
Johnson—,-..
-12%
is 4% 2nd preferred ser a——100
Joliet & Chicago' rr stamped-. 100
Jones As Laughlio Steele
No jpar
it 5% pref aeries a—^
100
2% pref series- b conv
3.00
Joy Mfg Co
i
>
Feb
138
__
Johnson
*
18va Feb 26
46»/4 Jan
3
-,—100
NO
4v#«r preferred.
Range for Previous
Year 1945
\
Range Since January t' \r
';:
Highest:
.Lowest
67
Dec
19,
Nov
i'96% pec
40% Deo
112 y Mar
35% :Nov
17% Oct
x49% Nov
50% Oct
Jan
ROVa Jan
17% Jan
Jl Va
Jan'
.7% Jan
33
DeO
78
i' Jan
78
Jan
181
Jan
3?
Mar
47% Jan
>63%' 64%
-41% Jan
34%' 34%
>38% ^39%
19% Jan
29WJan
j17%. 117%,
40%
42% Deo
36%, 36%
37% Dec
39%
•
71
31%
,
,
667/a Oct
327/a Dec
pet
71
•
32%
89%
29%
89
29 r
\ 54
*32% Nov
Dec
31
Nov
68
Dee
190"
4192xS495^"/
>29%
30%
-
65%
65%
23
23%
.
:
LOW AND HIGH SALE PRICES
Saturday
I. Monday
Mar. 25 4
*
Mar. 23
$ per share
share
?!
•
49
71
49%
.
>110
49%
♦110%
34%.
>500
14
28%
/530
;
14%
22
34%
28%
29%
*500
9% *
47%
47%
>112%
115%
V
v
26%
.37%
.
•
61%
r
♦J15
..
*116
55 v&
32% Dec
>
118
36%
49
63
49
38%
*107%
31%
*120%'
*25
f
.
S
26;
:
•
106
*106%
108
( 49%
,
26%
t
49, i
108%
31%
31%
130
.
? Dec
70% Dec
41% Deo
36
109% Nov
27
Dec
119
Deo
-
30% Pec
25%
49%
50%
50%
26%
25% t 26%
76 '
77 '
*46
r
-
56%
112
/
page 1744.
,
108%
-
For. footnotes see
25%
106 ", 1061/4
108%
*76% " 80 /
*46 '
47%
55%
56%.
fll0% 112
:?48%
*105
♦126
26%
*105%
/
49%
26%
26%
25%
a
108
49%
130
63
•
25%
>106%
40%:
v
v--r:v-;v'f ■■■■:■•
24%
>105% 106
31%
♦121
39%
*62%
■49%
109%
109%
Nov
43
3'6%
37%
63
31% v.31%
*107%
Deo
58%
37
58%
36%
36%
63
•49
13%
50 ya
lip
*115,
*116 c 118 y
*35%
36%
37% '37%
*62%
111%
13%
*48-%
58
■35%;
:
26%
26
.;61%*. 63't.
*110%
13%
.118.;
>57%
42% ;■ 43.
-
39
50%
13%
*48%
'•
t- 303^ i 31%
*200% 201 ;
,30%'
*110% 111%'
:
26%
38
,
67/e
10
15%
15%
48%; 148%
*112% 116%
r
44%
60% ' 61
.
-
9%
.
112%
44
26.
59'%
23%
407/4
*40
6%
;
48%:
-
112%
■
26%
59%
37%
30%
/r00
60%
15%
47%
44% '• 44%
y
9%
15%
.
15%
*22%
i
'6%
9%
16%
530 *-
15
23%
41
6%
28%
*500
237/8
9%
15%
28%
14%
41
y
6%
.
Highest
t per share
112 t
37%
36
i
530
.
14%
40%.
*6%
*1097/a
34%
24%
40%
.
111
;
,
28%
$ per share
t per shcire
73
f
50%
.
111
34%
*
Frevlona
-
71%
,
$ per share
Lowest
Mar. 27 ;-
38%
♦156%
..
71
/ ff Mar. 8,6"':"
Range for
year^4<*„
Wednesday
Tuesday
•
-
$ per
*37%
>158%
j Deo
20
:
"47%
56%
112
i
Deo
25
m9% Oct
108% Oct
47% Dec
29 ya Nov
87% nov
45% May
Deo
56
111
.
Jun
[THE COMMERCIAL
FINANCIAL CHRONICLE
&
Monday, April 1,1946
NEW YORK STOCK RECORD
LOW
Saturday
Monday
Mar. 25
t per share
15%
15%
15%
34%
35
*54
55
*53
164%, 165
*165
*83
1
16%
54%
168
*109
6173 >64%
25%
112
*109
*109
110
♦109"
J12
*110
45%
45 Ye
14%
*33%
> 1Q9
129
34
34
42 %
26
49
115
;
'
*45
\34%.35%.
v
i'iif
>
<
45
•
124%
.
35%
35%
•
-14%
13%
*124
34%
>
36%
13%
41
41%
.
38%
*36%
ii4y4
106%
♦114
106 y4
? 90
106%
*56'%
•47% < 49.,
i 29%
29%
29%
58
37%
"148%
v
111%
*114
114y4
106%
106%
90 :-V
26%
58
V:
48%
48%-
29%
;
;
111%
106%'
89%
26%
,
*36
-148
,,114%
.106%
*56%
56%
48%
*47
*114
;114%
26% ; 26%
28%
37%
148 %
112%'
*111%
89% f 90%
27
38%
148%
111%
106%
92%
7 56%
149
111%
29%
29%
28%
54
54
17%
17%
177a
106%' 106%
107'/a
48
55
48
•
112%
112%
18%
'I* 6.41
107%
18%
53%
' 66
v
V.
39%
18%
18%
18%
53%
53
53
*66
67
23%
4514
45
45%
45%
45%
34 74
36
35%
367a
347a
357a
27%
19%
2874
..277a
.19%
28%
19%
27%
27%
23%
22%
26%
267a
26%
2674
253/4
26%
307a
307a
305/a
303/4
307a
305/a
22
*45
35
267a
18%
257a
*293/4
32%
32%
32%
32%
32%
'
22%
•
1874
19
•
32%
32%
*202
205
*203% 205
2974
29%
18%
39%
27 7 ;
28%
,..18%
4174
*
;
1067a
1067a
753%
*170
54
38
174
v
23%
23%
>32%
32 7a
Oi
397a
27Va
287a
19
19y8
42
4174
\
15Va
55
72
1%
283/?
3874
20374
5534
-27%
20374
*170
73 17a
28%
387a
383/4
203
173%
203
*171
i ->•-•'
.v1.*
v-
23%
23%
23%
23%
34%
3374
34
33
617a
617a
61%
60
61
10
97a
83%
34%
207a
217a
;
29
10%
; 85
> 34%
29
•
84%
34
'
34%i
21%.
28%
'
22
28%
24
34
24
33%
85%
33%
1
59%
85%
7
34
34
'
20%5
21 %
27%
27% ;
>59%
86%
34%
21%
28%
10474
1047+
10574
287a
2874
287a
283/4
29
18
28%
187»
28%
29
29
187a
187a
17%
187s
177a
18
1774
137a,
13
13%
12%
12%
*12%
13
13
177a
13
137a
105
,105
LOW AND
Monday,
Mar. 25
I per share
*29 7a
t per share
30%
307a
607a
607a
*106
>108
*106%
*35% >36%
36%
*107
7a 108 74
*110
*110
367a
63
1057a
297a
297a
108
,
367a
:58
377a
277*
47
1257a
36 V8
367a
*2372
277a
*295
1257*
36%
;
59,;
>325
33
13% >14
J
115 ,/
28 7a
29
1133/4
30%
5074
126
105%
*104 7a
29%
-
50
847a Jan 14
Feb
9
l%Mar28
48
Jan
24% Jan
105
Mar
32% Jan
30
3
1-
Jan 28
Mar 22
152
•?
,
fy* C
v
26
H'P
68
12% Jan 24
25
Jan
,
;i.
Lowest
Nov
Dec
Jan
59
Dec
14% Nov
85% Nov
38
Dec
24% Dec
Jan
*
33% Mar
"107% Dec
297a
—
v
Dec
JU
—
10% Jan
14% Nov
Range for Previous
Year 1943
<
Lowest
$ per share
>/>
Highest
$ per share
I per share
267+Jan
serial preferred—100
conv
M"' "V ' \t
25
35
15
Highest
f per share
*
3
32% Jan 30
15% Mar
537a Mar
——1
—
V
Jan
26% July
10274 Nov
107a Jan
29% Mar 7
20% Feb 11
15
Feb
2
Fanre.Slnce January 1 /
r
S»
'
Nov
21
Apr,
227a Aug
18
2
Dec
167
7% Jan
Jan 29
106% Mar
Jun
199% Dec
65
16
3474 Mar 29
32
Dec
33
.
11
91% Feb
26 Ve
*37%
16% Jan
4
Jan
£
'
Feb 18
41% Feb
Dec
: >—
108
Sep
Sep
172
8
'
Jan
17T
—
54% Nov
Jan
24
Dec
Nov
76
';
—-
-13
Nov
Dec
407# Dec
*101% Aug
Mar 19
Jan
41 Va
32%
19%
38
Jan
37 > Jan
204
4
64% Mar 27
30
Jan
617a Dec
103'
Feb
108% Mar
37
Dec
109
Nov
106
32
Feb
8
Jan
108
:
4
Jan 29
Mar 14
'407a Jan 17
109% Jan
8
110% Jan 17
111% Jan 30
107
Newmont Mining Corp
38
6,200
Newport Industries-—— ....—1
47*%. preferred
——100
Newport News Ship & Dry Dockw—.1
29 ' Feb 26
1057a Mar 20
247a Jan
4
New York Air Brake—!
No par
New York Central
No par
N Y Chic At St. Louis Co—i—100
54
26
44
120
357a
24%
170
Mar26
165
—
10
407a Feb
-
6,900
Deo
20% Dec
24% Jan
20Vi July
35% Jan
' I08% J«m 24
39y4Mar26
7
1,200
30
28
Mar 26
67% Jan 29
3
;
Jan
2
2
46%
1057a
30
195% Jan 12
Newberry Co (J J) New——No por.
3%% preferred
100
New Jersey Ft & U Co 4% pfd-100
10
—
*57
59
325
*290
325
?.v
126
126
32%
14
33
*113 3/s
% 507a
177a
21%
13%
115
*113%
297a
517a
50
26
493/4 Feb
35 > Dec
106
Oct
105% Jan.
32 > Aug
8
38
Mar 29'
1053/4 Mar 19
.
28% Dec
110
,
38%. Dec
—
—
Xl67« Aug
Nov
477a Dec
18% Jan
307a Mar 19
|
—
.
;
277s Dec
50
24
>•
30%
337a
>
,
33%
367#
■
♦174
<
>
100
89
*30%
101
89%
1744,
*57
,V
>
20%
>
37%
176 >
-31 '
93
r.;
*57
: >20%
-20%
160
>
-49%
i ;
3,300
1,420
2,000
>
'■<
6,900
•
103% Jan.
287s Jan.
397a Nov
17
29
2
Ohio Edison
Oliver Corp
'116
•
3574
*174
r-30.%
♦100
-93%
r
•7
15%
V118
•'3472
353/a.
175
t
.
102 7a
937a.
Feb
148
Jan
Mar:
41 ;
.
19
162
Jun
Nov
;
65
:;
Mar
Nov
410
Oct
110
102% Sep»;
/
14% Aug
• •
.
,
3
287a Mar 13
Dec
247a Mar
277a Feb
i
357a Jan. 29
118
5672 Jan 115574 Jan
18% Jan 30:
58
Mar21;
46
f
Otis Elevator,.
/
;
5
preferred
OI ass
107% Jan
167a Aug
Jan
106%
177/a Jan
120
" <347a
327+ Feb 25
Feb
Mar 25
39% Feb
2
Jan
2
/■: 176
28
Jan
2
;*34
Jan
91 '
Jan 30
101
Mar 26
75
Jan
Mar
107
11
,7
25
t
.
.7
'
.94 V Mar 27
J
Jan
137a
237a
155
Jan
15
Deo
57% Nov
21% Dec
;
.112:
Oct
23%
Dec
347/e
.
Dec
■
119
< Nov
18%
Dec
Xll8%
Dec
/
Jan
34 7a 1 Nov
Jan
>: 367a- Dec
Jan
;
637a Dec
57 • Nov >
<
>
117a" Jan
18
168
Dec
22%
Jan.
V
327a Nov
74
Jan;
1
95 •; Dec
58 ;
Jan
> 79%
•
.
'
Mar,
xll9%Jan,14
,
2
277a Feb-26
50
Dec
387a Dec
11672 Mar
247a
166
:
Co
28
Jan;
157a Dec.
112
6%^ Jan
.
15
34% Jan
7
157a Feb
115
317a Dec
;
Jan
2674 Mar
Apr;
3
15 > 112 * Jan 19
;
243/4 Mar 29
20
1127a Mar
:
^—
Jan
9% Jan.
10574
;
"128% Nov
Aug
19%
r
16% Feb 18
11372 Feb 21
19% Feb 26
preferred.
50% Oct
2587a Nov
219 > Jan
> 21% Mar 25 >12% Jan.
Feb 26
Ill % Jan
" 37% Jan*
.36 • Jan 11.
177a-Jan
1147a Mar 13 >>110
July
45
Feb
7 >,
4872 Mar 29
137* Jan
7
56
Feb 26 >
.18
Jan; 19'
Mar 21
1277a Mar 29
11
Jan
1
convertible
Oweus-IUlnois
Jan
1127a Mar 29
Outboard Marine de.Mfg
Outlet Co
»;
-—-M
6%
.53
3, >287;
297a Feb 28'
13% Jan .3 >
111
Oppenhelm Collins
/
Jan
pfd—
Omnibus Corp (The)
8 % conv preferred A
s
' '30%
4%%
Co 4.40%
Mar 13
121
Ohio Oil Co
297a
34
Jan 29
1137+Mar 18
28% Feb 18
45
246
Preferred —L——i——™i—50
-243/4
153/4
>
Jan
37% Feb 16
28% Mar 27
> 62 - Jan 17
7
19% Jan
Mar
45
f
325
> Norwich Pharmacol Co——2.90
112%
*117
134
Jan 21
Feb 27
19
100
t Northern States Pow $5 pfd.No par
Northwest Airlines —■
No par
Northwestern Telegraph
50
NorwalfcTire & Rubber—j.—No par
,
116
'
Dec
14
50
Northern Pacific Ry
27,100
" 17%
167+
353/a
737* Jun >
Feb
^*.1
Northern Central Ry Co—.
30%-
■:v,w> 52
•24
118
Oct
217b Jan
32
Jan
North American Co
—.10
North American Aviation—1
.
4,400
>/
297a
247+
101
15,500
14
48%
:
58%
16
17
57
8
Norfolk & Western Ry———100
Adjust 4% non-cum pfd
100
670
33%
' 177a
;
Feb 20
18
325
v Noblitt-Sparks'Industries
500
•
40
51
>
30%
34
-
1127a 112%
116
157a
282
1277a
-297a
177a
697a Jan
353/4 Jan
59
Jan
xl077a Jan
—80
pfd—100
N Y SLipbldg Corp part stk
Feb 28
Mar 13
Mar 13
>
*
32%
50%
177a
20
2,l0O
13%
.
—
N Y Power & Light 3.90%
*113% 115
497a
20
.
49%
<
*110%
20
116
N Y & Harlem RR Co
26%
,
L——No por
$5 non-cum preferred.——No par
400
1277a
32%
17%
"
>
-282
13%
,50%
•
8% preferred series A———100
N Y City Omnibus Corp
No par
New York Dock
390
t:
*48
>
115
*"129%
30
*112% 114
11474
>*57-;
32%
.147+
297a
.
''
126%
50
page
1,1 J I
49
•113%
114
59
111
*26%
282
177a
see
.«
278
51
footnotes
.
49
279%
'
200
,
325
26%
; 49
*125
"118
36
58
Kill
278%
/
30
-
1,200
1,500
1,100
36%
*275
.
1107a 111
26%
124
*28
...
1,300
48,100
'
467a
*3674
■
*47%
167+
35%
29
57%
277a
Xl237a
36%
59
.110% J10%
28%
26%
49
52
-
57%
277*
467a
,
1267a
*295
33%
51
50
125
*57
30%
.
127
367a
118%
For
46
377*
307+
•28%
i
323/*
89
30
287a
1147a
30
37
367/a
29%
176
36%
> > *103%
287a
110% 112%
23
30
45%
3674
113
227a."
297a
100
>43
65
———No pat
Nelsner Bros Inc
1,900
1097a
112
37
>19%
176
2
37% Jan; 7
Par
Nehi Corp.:
4% %
377+
*108
*110
307*
.
500
1097a
58%
58%
277+
457a. 46
^17
*15%
4
5
STOCKS f
*
'
20% Jan
13
EXCHANGE
1,300
Dec
21% Jan 16
25
Feb 26
173/4Jan
34% Jan
C
NEW YORK STOCK
?
Shares
297a
112%
27
126.
2974
517a
117%
37
45%
105
Sales for
the Week
♦1077a
46 Va
1253/4
1137a
50
1147a
1
>•>
1
195
45% Jan 29
303/4 Jan 14
Feb
'24
National Linen Service Corp.——1
*106% 108%;
; r.
36%
36%
29%
14%
115
" '
507a
'
•»*
—
Oct
13% Jan
31% Apr
12% Mar
22% Feb 13
Nat Mall & St'l Cast Co—No par
30% Mar 14
1,300
National Oil Products Co
4
513/4 Feb 26
52,500
National Power & Lt——No par
9% Mar 14
2,400 [ National Steel Corp—-——25
80VeFeb 26
2,600 /; National Sugar Ref Co
—No par
297a Feb 25
13,200
National Supply (The) Pa—
.10
19'/a Mar. 13
2,400
$2 conv preferred—,
277a Mar 28>
410,
4%% prefeirred
w*—IQ0> >101% Jan 24
5,400" ^National Tea Co
10,
,
26% Jan 19
4,300
Nat Vulcanized Fibre. CO—^—1
16% Mar 15
800
Natomas Co——In
No pat
12% Maris '
647a
*62
4574
,
■>,
*110
28%
137a
*1138/a
1133/4
^111
64%
297a
*106% 108%
*36 7g
37
112%
105 J:
2867a
*125
337a
*113%
,
284.
125%
33%
30%
*62%
109%/
45%
Friday
S per share
29%
"
325
*47%
2867a
*125
*108
*110
.467* >
377a
>110% 110%
267®
267*
26 7a
2857a
">
Jan 29
181%
21% Feb
.
Mar. 29
$ per share
>
*10674 1087a
36% > 36 %
59"
*295
1117a
267a
647a
27%
*24
62
*110%
>
27%
45
'
1247a
♦59
30%
647a
29%
1
31
Dec
x34% Deo
/
277a
>
*45
30%
1053/4
307*
Thursday
$ per share
64
377*
►
Feb 20
19y8 Nov
327/a
Jan
--w-
23% Mar
Mar 28
2,100
/;•
'
'Mar. 28
31
10574
^
i
PRICES
Mar. 27
f per share
4672
105
29%
SALE
Wednesday
367*
1087* 1087*
*110
112%
fe-
*56
HIGH
*1067+ 108
46%
*104% 1057a
1
'i
205
,
367+
112%
105
10574
64
>;
'
36%
*105
1043/4
-
31
31
467*
,46
367a
*
*107% 10874
112%
46
/-
*61
'
> Tuesday
Mar. 26
•
23,>
'
2174
>28%
287a
Mar.
.
107a
.10
*•'
20
w-
Nov
377* Dee
41% Dee
9VaMar
13%
33% Jan 28
34% Jan 15
37
—.1
—
700
1047a
Saturday
&
56
Jan
207a Jan
16% Mar
17% Mar 13
National Lead Co—.—.—10
7% preferred A—
—100
6% preferred B
100
173
v.'•/'
32%
107a
.
200
5,800
190
206
24
85%
21 %
12,400
38%
327a
10
28%
1,300
*
25% Dee
15
>
28% Jan 29
26
Feb
27
National Cylinder G»s Co—
1
Nat Dairy Products
;
No par
National Dept Stores——No par:
Nat Distillers Products—.—No pat
Rights
Nat Enam & Stamning_____No par
National .Gypsum Co———1'
v $4.50 conv preferred
Np par
223,500
107
>38 %
607a
34%
'
28%
107*
,
l
2
20% Jan
15% Ian
35%
5
-34% Jan
,
Feb
3
Feb
193
Nat Cash Register——No par
National Container.——
39
30% Feb 26
Corp——.i————10
9,700
1%.
24
-
327a.
28
.——10
3,700
3,700
5,900
5,700
32,900
25% Jan 15
52% Jan 16
>
22% Mar 14
26
par
National Can
Mar 21
10% Jan
5
——4
7 %" preferred————_
100
Nat Bond & Share Corp____No
6,500
5»
*171
*59
20%
;
27%
>
173
85%
"85.
17a
57%
*203
107a
10
86"
-
>"•
23%
.
18%
18%
393/a
397a
29%
30%
18%-18%
41
4174
48% >49%
71%/;72%
.
204
*171
33
60
600
42
t
33%
400
49
203
173
v'."-
,
205
-29
:
757a
' 17a
2
;*56._
58
27 %
28.
*106% 107 ■
38
38 %
-
*106%107^
^
39 74
20374
49%
55%,
-
187*
417a
49
70%
42
49
44
1
Corp
National Biscuit Co-
205
397a
'50
Aviation
National Battery Co
.
10,600
x29
187a
393/4
29B/a
187a
27s/a
{' '
974
205
187a
X39 7a
287a
1
Nat Automotive Fibres Inc
National
900
32%
20% Feb 2®
'32% Jan
3
24% Mar 13
*
18%
*23%
,
32%
187a
106%106%
*170., 174
,
33
18%
39%
20374
1,700
40%
547a
28
106% 107
3774
*20374 2047a
26
297a
"
Nashville Ohatt & St. Louis
100
National Acme.Co——.—I>
National Airlines
——.I
5,700
25%
297a
28%
417a
->49%
737a
49%
„>27%
37
18
283/4-
17a
27%
187a
257a
28%
197s
267a
Nash-Kelvlnator Corp——8
200
3,200
3,300
.
31
2834
19
18,400
45%
35%
26ya
..
3074
7/ 28%/ 28%
42
53%
277a
27
22%
35%
18%
2047a
205
*203
~
22%
" 457a
40
.
19
'•4774
72 ,v
*
22%
4574
35
18%
18%
3974
*29
1
18%
53
22%
19%
v
40%
ii3
*ni
113
44
.
49
40
39%
-
67
22%
17%
106%
*48
49
•111
55%
17%
106%
107
*48
18 y8
53 Va
*64
> 54%
17%
16%
*10572
?13
53
'
29%
55%" 56
*
18-
111
18%
53
57
,
48% ,748%
38%
39 '/a
*37% ? 38
•
112
115
115
*44
132
13%
•146
29%. ,29%
7
*111%
14%
13%
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22%
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/
115
44%. 45;
14% -i
*
133
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113
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165
82%
.
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113
:
46
147a
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*110% 111%
,
113
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151
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^:
111%
no
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111%
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49
.
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84
25
64
39
149
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<
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7
84
-
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165
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25
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113
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55
114
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>
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111% 111%
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129
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66
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>
85
64
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share
15%
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,
25%
110
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S per
share
> *53%
165
*84%
:
25%
61 %
15 V*.
$ per
35%
55%
*164
25%
:
61
16
Mar. 20
Mar, 28 >;
.t per share
\
Friday
Thursday
Mar. 21
;
36
*54
85
.
25%
16
35%
s
PRICES
Wednesday
.
,
Mar, 26
.' Jt per share
> 36
SALE
HIGH
Tuesday-
Mar. 28
$ per share
34%
AND
Dec
f
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 163- Number-4477
NEW YORK STOCK RECORD
LOW
Saturday
Monday
;a
-
Tuesday
»
Mar. 25
I per § hare
.,*16%
I per
.
p,;i,.
I per there
,
„
■
v/
Wednesday
STOCKS
'
Mar. 28
I per, share
44%
59 %
,
Highest
% per share
.
16%
22% Dec
*22%
23
23 %
Nov
83
89%
Nov
*43'/a
X43%
45
45 "
;
59
147
V--181
80%
;
,
/ 16%
.
•'
44%
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'-
22%
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4
10 %
12
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22 V*
29
Dec
17%
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20
Dec
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39
15%
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44
43
43
58
58 ;
Dec
24% Mar
^
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113
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125
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.
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45
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27
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12
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53
56%
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397/a Nov
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&|35$$.36%'
Dec
57'/* Dec
32
26%
•••
Dec
110
67%
39%
*29%
Oct
14%
"
55%
44 %
111
75 T
16%
44
X39% Nov
—
--:V
Dec
X80y«
41% '
43%
51
112
.12:4'
80
l^76%S7Sl|
•42
32%
•
65%
31
24%
Aug
21%
4 10
yV..5%.''-6
23%
Jun
10
22%
51
*110%
73%
•112% /
175
8%
30%
10%
;
65%.
&
179
22
29%-
12%
36%
Dec
28%
112
:
>
8%
50
mo%
.
Oct
75 %
149% Dec
28
li
22%
78%
♦110 V-
Nov
10
10%
V'
11%
179
Dec
46
X60%
58%
79%
T47-";
-.147
'147
42
•
$ 58%
*178% -180 v
9
: 9%
«
9%
28%
/•'45
43%» 44
44/
59
147
181
■■■
9ye
17
59
.
147
-
*28
24%
*21%
22%
22%
22%
24'A
24%
57%
25%
25%
24%
59%
59%
*58%
57%
share
*81 Mj
..'80%
;
180%
24
Year 194ft
t per
% per share
23
58%
80
30
t per share
...
Lowest
v
83
44% '
/
145
*34%
Par
/
Range Since January 1
Lowest
Highest'
*81 Va
46%
*178%
.
*22%
*46
145
Shares
tper share
Range for Previous
STOCK
YORK
EXCHANGE
v
♦16%
/*ao
*79%
NEW
the Week
17%
v*22%
*58%
Mar. 29
;
23»/2
23%
834
44%
Sales for
Friday
Thursday
"
Mar..27
I per share'.
,85
♦
44%/45%
16%
*22%
*82
.
'
-Mar;a«
share
SALE PRICES
HIGH
AND
35
'22%
24 %
59
22%
22%
*29%
301/4
24%
25%
30% Dec
27% Dec
35
33%
Dec
22%
25%
25%
Dec
26% Dec
*33%
22
24%
*58i/4
59
66%
67%
66%
68%
67
68
66
36%
25%
36%
67
37%
68
36%
37
37%
37
37y4
37%
37%
25%
26
251/a
25%
25%
26 y«
25%
25%
114%
II41/4
114%
113
113%
111%
123% 123%
123 i/s
123%
123%
125
ii3y8
124%
25%
114
114
123 Vs
146%
123%
136%
147%
116%
116%
136%
61
61%
23%
111
23%
111
*37
*
113%
137
136 Va
137
146%
<
147%
146%
147
116%
115%
116%
62%
*115%
V 61%
62%
.62
241/a
•111
111
111
37
38 %
*37
•
38
:
-
$ per
share
t per share
I per
share
147
1461/2
115%
116'/2
*109%
;
♦37
Wednesday
Mar. 27
$ per share
27% Nov
115% Dec
146%
60y4
37%
Tuesday
Mar* 26
Monday
Mar. 25
147
24
LOW AND HIGH SALE PRICES
Saturday
Mat. 28
138%
1241/4
136%
*115%
24%
24%
111'/a
23%
66% Nov
136%
136%
...
:
67
116%
61%
61%
'241/4
,»i 24%
112
37%
*110
;'37%
126
118
65% Oct
25%
24%
111
35
STOCKS
Friday
Sales for
Mar. 28
Mar. 29
8 per share
(per share
.
NEW
the Week
YORK
Range Since January 1
Lowest
Shares
Par
Quaker State Oil Ref Corp
Ralston Purina Co
$2
3%%
1>
'•
t per share
19 % Feb 20
.
-'
.
S per share
$ per share
23% Feb
15% Jaa
6
10% Jan
No par
78% Jan
1
7% Mar
100
103
No par
1
33
16
28
;
Reading Company
non-cum
1st preferred
2nd preferred
50
Hosiery
Preferred
(Robt)
Mar
43
>
36%
Jan
Mar
Jan
5
100
—
11% Jan
102% Oct
69% July
& Co 1st pfd.
100
Corp
__No par
Reliable Stores
Reliance
Aug
,19%
50
non-cum
July
a
34% Jan
50
4%
4%
Reis
Year 1945
Lowest
Highest
No par
pfd
preferred
Real Silk
M^g Co new
Remington-Rand
17
Jan
5
;
;
Preferred with warrants^.
Motors. Inc
1
22% Jan
99% Jan
1
15% Jan
Republic Aviation Corp
Republic Pictures
$1 conv preferred
1744.
23
Reo
page
No?
Range for Previous
STOCK
EXCHANGE
Raybestos Manhattan
Rayonier Inc
see
Dec
112% Nov
37%
Radio Corp of Amer
(3.50 conv 1st preferred
Radio-Keith-OrE""!um
footnotes
Jan
62%;
500
For
Nov
Xl48% Nov
.
Thursday.
Dec
138
138
1
7% Aug
50c
10
Highest
t per share
22% Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday,- April 1,1946
NEW YORK STOCK RECORD
AND
LOW
Monday//,
',i Saturday
>
Mar. 23
$ per share
33
21%
22%
21%
108
22%-
109
x34Va '"341/2
21
22%
42
42 Va
42 % •?;
22
46
45%
•44»/2
•107%
108 y4
24%
24%
15%.
16 y.
t
35
46%
/
23%
: 15%"
49
627/a
—
25% * ;
29% '
30
30%
10%
10%
10%
26
49%
29%
*112%
147/a
*107%
*107%
32%
15%
59
*107 3
'
32%
>71
*13%
33%
13%
42%
43%
23
■
34
14
•42%
;
■;
42%
*107%
32%
13%
'
%;i/?v
33 /
32%
72
33%
108%
20%'
108%
13 Va
>
20%
20%
26%
22%
12
49%
.
,13,400
11,800
<
104
T280
V
'
-j
.
-
,
....
'■
21%
21%
23
23%
•
.
*73%i
75%
*37
38
•6%!
6%
42%
42%
'56%
56%
' 190'4
•
—
69,800
9185
'
'
27%
27%
60%
61%
56%
_>
> Southeastern Greyhound
> 30% Mar
South vPorto Rico -Sugarpofv ' >53% Feb
'i
■ 8%
preferred_-u--U.^i'--.-i^-H-100>'7! 175 ! Jan
2,600
Southern California Edtsott-^".—25
83y4;Feb"
5 1,600
Southern Natural Gas COi——7.502> : 22'/a Jan
26,100
-Southern Pacific Co-^w^-No par
54% Mar
10,600
Southern Railway w—,—No par
: 48% Mar
'1,000
6% non-cum preferred—♦.—-100
81
Feb
Mobile. Ja Ohio W* tr ctfg-—1Q0
91 : Jan
2,100
(
57% 1
,
,
-
84%
84V4
•93
.
96
.
";7';
"J- "23
'
23%
HVa
.
18%
$
.100
S»96
-84
64
27 %
;
34%
63
.-I'-
-
'
46
115
'
68
•
r
*
,
.44%;
45
^114%
' 115 %'*
•48
48 Va *
41%
-
<
*129
*
48%
-
116
*114
.
41%;:
430 y«
.48%
^
*114
•
39%
•
67%
'
20%
:
■:
v
43%
/ 45%
i
/V,
i.
48%
49
>114
116
48%
116
45%
*107%
110
21%
;
*43
1
49'
*114
'
21%
33%
22 Va
-34%
22%
*22
49 y4
48Va
142
142
-
68 %,
20%
*42%
44
-42%
44%
45
44 Va
' 42%
45
20%
21%
22
108%
22%
33
"34%
*22
*108
21%
32%
22%
*22
21
110
21%,
24Va
33%
22 Va
32
21%
;
>18
18
-
*106
107
30%
*72
8%
42
31
42
.44%
-
.
72%*121
-
f'
t
43 Va «*
.31%,.
130
*42
"130
43
-44%
-
17%
.
"*40%
'
*45
45
46
46
44%
.44%
i :
46
*44
39
39%
39%
39%
"39%
39%
39%
>^31%>'M% '/> «^31%Tj2%3.>^//32%/:/.33%iv/W;V33%
38
38%
39
39%
39%
39%
"
38
*108
*107% 109
109
13%
13
*107%
13%
13%
13%
LOW
Monday
Saturday
Mar. 23
Mar/25
/
* •*;
109
123
8%
13%
AND HIGH
Tuesday
SALE
30 y4
•41
Mar. 26
;
.
;
t per share
# per share
*13
;
11
*18%
13%
per
share
44%^
HVif ll'/a
;■ ,18%
19
19
30%
13%
59
57%
10 Va
10%
10% V
*51%
51%
27Va
27%
27%
28%
19
19
19
19 V2
46%
48
18
*103%
For
/
38
39'
?•
62
62%
18%
18%
18 %
105
*
103 %
footnotes see
s>
105
page
1744.
14
Friday
/ Mar. 29
$
share
per
13
*13
13%
11%
*11
> -11%
18y2
18ya
*18%
18%
108%
108%
*108%
.
•
8ylvanla Elec. Prod's Inc—- ^0. an*
$4 preferred-':
—.—No par ^
Symington Gould Corp-.—.—!*:
58%
:
500
400
560
59%:
9,400
10%
10%
Y,200
-
27ya
-
28
52%
4,900
/
28%
22/100
19 Va
20%
19,600
49%
50 "
37%
2,300
28
-
19'/a* ,193i>%, 19%
19%
49
49
#/-;/
48%
48%
*37 Z
38
>:
*36Va
38-/
62 > /
62%"- :
*62 — 62%
*18 / •
18V2
.
18%/. 19%
♦103 "a 105
V;
*103% 105
■
<.
':•/
37%
/,•"
•
EXCHANGE
'900
:650
5,200
T,i,i
20
,
34 Vi Ma# 4
107ya Jan 16
12% Jan 2
.
.
•
.
Range Since January 1
Lowest /
" - Highest /
.
# per
Talcott tne (James) ^
/Telautograph Corp_—
,J. '.w't
,8
Corp—
—5
Tennessee Gas & Trails 5% pfd-lQO
Texas Co (The)-.--J,
25
Texas Gulf Producing——i.
-1
Texas Gulf Sulphur—Z.—~No par
/Texas .Pacific Ooal & Oil———.—10
Texas Pacific Land Trust
:
1
Texas & Pacific Ry Co
.Thatcher Mfg Co^——Na
$3.60 conv preferred—,
No
The Fair„
—No
6%
preferred
1.41 '. Jan' 14 ". 29-' Apr
'Feb'Tl...; —
167/s Jan. 28 .
7y4 Jan
' lQ9
;;
STOCK
1,100 ii: Tennessee
58%V
10%
NEW YORK
the Week
i-V
■
■
rv' Shares
;51%
58
' 10%
.
Sweets CoAt'Amer (The)
-12%
41
Feb 26
6QV4 Jan 18
17% Jan
Awth/dt
^^.l2tt't;/:'37% Mar^4/;v,/:/41% Feb^/5:^/::;;;30%/-'Apir:
Hwtft Internatlon$Uitd-r.--^--r—T-?>
31%,Mar 8:- 36% Jan 28
31% Mar
Sales for
108%
-
52%28
/.
$ per share
59
10%
37
Thursday
13
58%
46%
100
10,500
*11
10834
62
*-13%
11 y4
10%
37
4,000
13%
13%
581/4
*61V2
8,900
39%
108%
;T Mar. 28
>
108%
*45%
*33%
38%
11%
27%
/33V«
*107%
39
'
>{/>;/ ■ STOCK?.'/V:
i
-
Mar. 27-./.'//;
/ 51%
»
■
107%
13%
-
39%
107% July
Mar 9.
:
-.'/.v."v;/- V;.'
200
6,400.
46
39
116
J—A
Chemical Corp
:
*44
PRICES
10V4
'52
700
200
.400
13%
57%
51%
'* *
45%
107%
•
108%
:
30%
Jan 31
112
16% Feb 26
26% Feb 5.
16% Nov
1P6
Mar 18.: ;108% Feb 5, . 109
Dec
64
Feb.26
,73% Mar 25. . 5T ,Au||
121
Jan 2
,12: % Mar 25
; 119% Oct
7% Feb 26
9y4 Jan 17
5% Aug
Sunshine Mining Co——
100
17% Feb 25
23Va Feb. 4
10 Mar
Superheater: Co (The)—par"'* '28%'Mar 14 ' *35% Jan 15
22 Aug:
Superior7 OU of Calif-—-—^-28- v ; 115 . Mar 5 , 138 . Mar 29
79 / Jan
Bdperlor eteel Corp—y.-Ji,.
1001.; ./36' Jan, 3 :
61% Fab 4 ; .25
Jan..
Sutherland; Paper i3o——4
-1038
Jan 21
45% Mar 9
31 Aug
160
v
42
39%
33%/;
39
.
No Pgr
preferred—.,—
$4.50 series A preferred-i-Nopar
6ha Oil CoJbi—— ,T;
... Mo
par
/ Class? A.pfd (4% %. cum)——100.
Sunray Oil Corp-—* ——I,
6,300
3.000
•45
...
t
31,700
138
;
46
!sun
.170
700
v
9y8
*41
44%
•
8,200
'
i
19y8
*134
- -
33%
..
73%
121 "l
'
8%
•
43
39
; 181 a
18%
lOS3*' 10834
108%
100
,12,406
19
'30%
-
♦44
39%
# per share
»l3'/"ft::V':13%'
11
'$
7,400
I
•/•: '22,200
121
-
132
*
44%
46
Wednesday
-x
3,700
21%
21%
8%
19
132
43
*107% 109
14
300
31%
*72
72%
•
18%
34 V
39%
:•
31 y*
-
..
45
200
'4,200
22'2
17%' 18'
^105% 107%
17%
106
7244
*121
19%
31
130%
*125
100
11/500
33%
33
'■■■>■
y
7,800
.
108%
21%
21%
32%
106
•
72%
19%
*30%
.
'
20%
>8%
19%
<
45
*168
■
123
8%
28,300
j.
■
108%
20%
*22
18%
107%
9%
31
;
.
*
43
43%
17%
*106
24%
900
33,600
43%
44%
31%
19%
19%
429%
128
,.
74
123
>
,1
69%
-
...80.%.. Jan
.
"26,800
/
20%
20%
8%
9
19%
30 Vi
.
31
'
106
123
73'/a
29%"
30%
*125:127%
•43%
73%
123% 123%
-
,
18%
18
106
107
19%
.21%
32
31
I8V4
18
.
19%..
*41
"
32
31 y*
*106
72%
72%
*123
123%
8%
8%
19
'20%
21%
20%.
20%
311
,
*42%
•
108%
♦108
A
51%
68%*106%
20%
43
45
108
-
-
65%
4,23%-24
>106% 108%
.
,
•
-45,200
;■
800
<
',.r42Va";/-43%
--41%-42%---
/
'■
143
.64%: Jan
.
Standard Brands, IncNo par
41'% Feb 26
5.oy4Mar 29
28
Jan
Vf'*MP $tfqferr<d„y;.t4:% ^,Na pat; : 113
Feb 19
115*/sMat21fc, |ll% Jan
^Standard G A E Co $4 pr/et-aNa por
30% Jan 3
; 47% Mar 29
.
; 2%, Jan
$6 prior preferred-,-—-,^-Ji/a.par. . 114
,Feb 28 .. ,134 ; Jan 15. * _67y4; Jan
*
$7 pnor preferred—4-,—^Nd par ; 125
Feb 26
149
Jan 14
78% Jan
Standard Oil Of Calif——No par
42 Ve Feb 26
51% Mar 29
38y4 Jan
-/Standard Oil of Indldnaw.1.1—25''
37 : Feb 26
: 44% Jan 11,
-33%' Jan;
jStfliidard OU of New jersey——25^ r 627/$ Feb 26 '. 69% Mar 29 / 56
Jan
8tahdard Oil of Ohio-——i---.-10 :
20% Mar ^ //; 25V2 Jan 17
19% Aug
3%% preterred series A—l—1Q0 . 107
Jan 12 / 108% Jan 17
105% Dec
.Standard Steel 8prlng__—
1,^./ 17% Jan 3:7,! 25
Feb 16
9% Jan
otarrett Co tThei L
—zNo pa*
41
Feb 26
/ 49% Feb
7
34
Aug
Sterling Drug Inc common
—5
41% Jan 3 //' 46
Mar 25
34% July
/
3J/a /preferred
-—100 ; 105% Jan 9
;109 • Mar 13; 101% Sep
Stewart-Warner Corp——.5 .:
20 Vi Feb 26
25
Feb 16
16
Jan
tStokley-Yan Camp Inc.—;——1
" 24% Jan 7 - -35% Feb
6;
10% Jan
6%
prior preferred———20
21
Jan $
23
Feb 13
10V» Jan
Stone A Webster—J76 pa#
' 18% Feb 26 :/?; 23% Jan 15; //: 10% Jan;
<Etudfibaker Corp (Tbei--^^~-"*-F / 86% Feb '26 *
34'/$ Jan 28/ ; |8% Jan
11.200
H..S
47%
131
49%
49'%
49
;
A4
430
-
•
116
49%
17
Jan
38% Jan
32% Jan
.
'
143
?6% Jan
>
.
50%
-
;:
39% Jan. 28;
27% Mar 29
66% Feb 6
.62
Jan 17
88
Jan 29
96
Feb 15
.
.
'
,
131
>
•
'
20j/4
-
115
46Va
•
>430%'132 4:4.
129
140%
43
22%
33%
21%
33
•22
-
HOVa
46%
45
20%
446
*107% -109%
V
129
*
44 Vs
45%
42% \r:• :«■ 41%
42/'
68%. 68%
68
v
68%
24%//24%> 23%
24
108%; 108%
*108
108%
>>4-44%%'
45
42y8
41%"
21%
20%-
"!
20%
*41%
>
24%'
•
/140-;
48%
,108%
^
-130 y4
.140
68%
24
'♦108
108%
*108
43%
*129
48 Va
40%- '
4654
4i%-;
-
1-40%-140 y2,
*
i
•
1
>
t
97%
66%
66
.
40 y» Apr
155
Apr
6:
.
28
-07%
•
*114% 116
36 >
83%
27y4
•
;
46Vs
47%
'
:
-95
95
*
46%
•82
-
28%
•
Feb
'
1
.
.
.
"
> 20% Aug
43% Mar 26;
59% Feb 1;
11 >185
26
3
13
13
26
4
.
Jan
July
Jan
Aug
,Spalding (A G) Sf Bros InC-c.1 ' 19 Jan 3
* 25% Jan 29.
2211% Jan
>opar*^ Wlthiugtoa—^o par
; 10% Jan
3 .^13% Jan 29.
;6V4 Mar
400
8pear 81 Cq^—.
-1.
15 ya.Mar 5
19% J.an 15 .., 77/a Jan
i
j
S55J preferred*—92% Jan. 14 ;
93
Jan 29. ^ 80
Feb
1,700
Speiicer Kellogg A Sons—wJVo par
40%.Feb'20■■■<!■^>:46% Mar29;.,>
10,300
4Sperry Corp (Thei*-,.-.^-^—.—33 . Mar 13,
40J/a
30/
27% Jan
2 400 * Spicer Mfg Co—'wj-Wa par
73% Feb 13
8$
Feb l6
47% Jan
30,800
3piegel loc^——--—J— -i—. 'J. .
20% Feb 26 .
28% Mar 26
.12% Mar
950
Conr 64 60 preferred—a—fio par
93% Feb 26
99 r Jan 29
.76'/a Jan
2,900
,?auare'D Co
.
55% Jan 5
75% Jan 16,
,37% Jan
1,700
;Squibb (E. R> & Son?. NfW-^.^1 '
33% Feb 21. : 47
Mar 12,
39
Dec
•
99*
46%
v44%':45%^
-341/8 :35%! /
riV'-" >'■ 2
2 t
20
2,500
6,800
•
11%
18%
'
'''
48%
29%
13%
; 4'/*
.
.16% Mar 14
f000
36%
36%
.
6,500
.
71 >Mar 14> ;91
Jan 15
34 ; Feb 20
• 39% Jan 11
17% Jan
9/
; sy4 Mar 43 . ' : 8% Feb
5
Smith (A Q) Corp——10.'> :
Smitb & Corona Typewriter-^ par
Socony- Vacuum QU Co Inc-i--—18, >:
South: Am Oold A Platinum^.),.... 1, .
700
1,000
16ya
15%
'
Max
Oct
--
,19%/: 19%
*96
Nov
Oct
Aug
Mar
Oct
.
12%\
:>41%':'":43%^
,1
Feb
Nov
May
,
—
-69
.
.
,
■
49
"68-
Jan
11.4 % Mar 14 >110% July
' 18
Jan 28.
8% Mar
; 90VaMar23
-
74%
35
•
'37
t'>3O%;Ma^0Kl'^19%.July
.,
Shamrock
&
W1 20% Jan; 3 : - 28% Jan 22.
7% Sep
Rharon Steel Corp^-4*«,«^^iNo part '
26%'Jan < 2 ; i 40% Feb 18 , ' 16% Jan
85: couv preferredL-^i-.-.l^fo parr-: 98%.Jan >7 '/? 106
Feb ,7 • t >J8
Jan
29%
29% • f
'7,300
4Sb«rpe 68 Dohme^4~v-U4lVa par^ ;
23, Jan' 4
/ 30% Mar26^ ;g;12% Mar,
;Ur„AS*. *>>>•■ 83/F
4 'vtr->700,"•'
83-50 coiiv pref."set, A^i-^No p«f;,
(17 ,Jw
Mar 27.'
.74 May
23 1
23 *
;
3,000 1
Sbattuck (FrankOfpar\ i
20 ? Jan 4 *. i 25Vs Feb ; , 6;13% Jan
73
73
:'■■■" 60
Sheaffer <W A) Fen
par
: 66
Jan
4
77
Feb
8
89 July
34%
35
'
12,800
Shell Union OH
r
—15
27% Feb 26. •>; 35% Mar 25
24
Aug
V'i2
12%
i
.5,800
SUyer Klng Coalltlop Mlnes^-—11% jan
3
14% Feb
8 r ! > »% Mar
/'••• 4949%
«•,:
6,300
Simmons Co—par~41% Feb 26
' 51 • Mar 25.
32% Jan
;«
-*41%"-43% 1 v ::-7 400 ' • Slmonds Saw fe Steel,par •:
38% Jan 8 >; 45y4 Feb' ;7..'30%: Feb19Vb
19%
37,800
Sinclair Oil Corp
No pat
17% Feb 26
20% Jan 11.
14% Aug
69-'
72%
8,700
.Skelly Oil;
"
£4 > Jan 22' i> 72%"Mar 29t': f r41% iJan,
t
;
22
22%
>
1,900
Sloss-Sheffleld ?Steel: tor Jreniu^O ^
19% Jah 7
27% Feb* 16^ri l5 ,, Aug
*22% >23%s »
;150
v
81.28 preferred.^-^^^J7o pofv r 22% Jan
5 24
Jan 30 >' 28% Jun
22%
34%
/ 63'/a Jan 24.
3
,
-
36%
.103y2
83>/s
♦73
-
27%
36'/a
.<*
29%
'
-
22
26%
26%
35%
104
29
*80
43%
20%
21%
•111% 112
*111% 113%
35%
13%
-
43%
22
104
34 V4
22
21%
113%
73%
13V4
'.;/13% '
43% < 44
>
33y8
34
32%
.52% Jan
^<;qu
80
;
..
'73 *
>
' 74
*32%
20%
*111%
:'—72%-
LlO-M
80% Mar 19
53
Jan 23
60
Mar26*42%
107 i Jan 3J
>114 ; Jan 24. ; 109.%
-20
M preferredi*.par
107% Feb 13 > 110
Jan 11
108y4
•
* 4,700
rSeaboard Air Lin0 ctfs W Id-No pdf>7
fiOViFeb 28 Is 37% Jan 161 " ,*29"
2,200
<
5 % .preferred series A w i—-100
67
Jan
3 '
77% Feb 8.
65%
3,500
Seaboard ou w bi
par
^6% Feb>25:^ 34% Mar 25 r p>22%
<Vv 1,800
jfleagravr
.
12%'Jan 0; % 17% Feb, 8
: 7.
'
37,000
^Sears ,'Roebuck & Co.--——No par :
26 : Jan 2
: 46% Jan 29/
35.%
•
1,900
"Seeger-Sunbeam Copy
5.
21% Mar 28
; 23
Mar 27
.
,—
14,500
bervel Jnc common-^—1. 19% Mar 13
: 24% Jan .17
17%
.■84.50 preferred
par : 111% Jan
0
113% Jan 9;
107%
109
33Va
72%
.—-^J
Schenley Distillers Corp new--/ 1.75 '
Faper
pdr
$4.5jE) preferred!......
r—^No paf.%
28,500
1,300
;
58
>107%
♦107%
jon^
q
15
Lead
^aleway Stores-^w——15.' >' 24% Feb 26
/ - 5 * prpfprr^n
■ .
ion
H3. jan
4
, Savage
Arm*
.
A
.12% Jan
3
18,900
: 210
.
..
87 y4
-57
>107% 109 >
107%
107%
'
(
.6,400
14%
85%
/ /
-
St Joseph
2/900
'30%
114%
•
87
58%
108%
32%
61%
30
114
-
15%
85%
109
*71
24%
24%
114
90 Va/
;
25% .25%
•47% ;>48%
:
25%
57% ^
14%
89%
57%
15%
.15%
60%
>
113
"23%
'.
28%
113
107%
23%
107%
'
24
15%
*10%
*25%
48 %
25 •
25%
.25%"
•62%
28%
29%
118%
118
23
42%
,
41%
46%
29%
25%.
' :
47
21%
-
35% * 35%
.."45%":. 45%
#106% 108'
;,*29%,i:30%.
11%' 11%
117%
42
,*44%
-
"24% <24% "
: 15%- * 16%C
35
22
41%
v
.
108
•
21%
'
42%
23%
109
*108%
117%
120
114%
22%
108
35
35%
■/; /
•
/ 33%
33%
*113%
22%
.
107%
108% V V
•118%
t per share
33%
113%
21%
,
Mar. 29
share
32%
113%
22
*107%
22%
.
•;
108
21%
-
-
35%-
42
108%
"
'
118
46
*44%
Friday
.
Mar, 28
$ per
t per share *
108%
118
42 %
*107y2
"
23
•107%
34%
*ii6% iny*
20%
22 y2'
♦lit.119?*.
Thursday
■
33
33%
113% 113%.
34%
113%
•112
22%
i
*107%
108
34 Va
34%
113%
Mar. 21
4 pet share
I per Share
•112
r
'
Mar, 26
'
33%
33%
113%
*112
Tuesday
Mar. 25
v
SALE FRICES
Wednesday
HIGH
100
par
par
par
100
shar'f
/' /# per, share
Range for Previous,
)
/vf. Year 1945
/
Highest".
Lowest '
fper sliare
4 per share
'
yolume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
NEW YORK STOCK RECORD
AND
LOW
Mar. 23
ft'
Mar. 25
,
15%
15%
16%
16%'.ley*
63
65
13%
13%
13%
13%
65%
13%
*17%
17%
17%
17%
*17%
15%
,64
56%
57'A
*108% 110 %
;
11
•110
111,
44'A
44%
19 Va
11%
58V2
56%'
56%
I
21 Va'
21 Va
,
•26
44 Va
44%
59%
59%
61
59 V*
59 V?
59
59
59
59
19 Va
19 Va
?. 59%
60%
19%
.
60%
*
19%
19%
61%;
•;J 19 Va
61%
62Va
a.
57%
17 Va'
59
70
•71 1/4
72%
*105%
106%
*105%
16 Va
*15%
•
:
16 Va
55V4
55 V*
54%
23%
23%
55%
23%
ft ft23%
i;ft-;;.
67%
73Va
106%
16%
16%
55%.
23
55Va
23
-
24%
.
■
30%
v69%
-31
flO
*108%
79%;
?69% '.79%.,
113%
v
113
.
*108 Va
10
: 24%
-
113
110
*108V2
.
-
,
158'A 159%
;;25.„.
164
119% 119%
r-;
161
119
39
38%
•;
;
i32
25'/a
■
164
31%
*113:
-
457/a
39%
*108
:k
*108
■
>
V
33
13 »
*25%
.
f
25%
85%33V4
13V4
■;
13%
25%
•25%
;.r
^
6 f
5%
52:
"•>:
52%
K
39
33 y8
149;
*74
12%
78
110%
:*83
'
78
*75
33%
34
78'/a
*72Va
75
072
19%
19%
50
121%
121%
27% *
54%
108 Va
12%
27%-
55%
108'A
12%
64V«:
;
41%;
12%
25%
25%
25%
*106%
53%
107%
*24
24
*204
207
^•;35%':
*69 %
50%
•-
51%
rlh
,
rl
♦11
*204
53%
1%
;■
16
107%
Nov
52.
Dec
Jan
Apr.
Oct
10
Dec
Jan
Dec
18Va
j
Mar
26
Jan
Dec
5
Jan
10%
103
Jan
112%
37%
«
11%
16
;
*llVa
:
55
54%
54
55
"
*63%
661/2
56V4
55
56%
*66Va
;
55%
s
;
'
6
68%
68
*87%
*
83%
83%
164
1%.
■
,
,35%-
35
75
38
,.
16%'
Dec
26 Va Mar
45%
Dec
56
Dec
34 Va Mar
102
May
9%
52%
16
Dec
42
Oct
52%
14 Va
Jah
25%
Dec
Dec
■■
,
17
.«
.
;
77. ^ Oct
102%
1 42
*27%
27%
*52
53%
<7%
"7%
84Vs
54'
■
Jan
Dec
j
1
^
12
26%
27 V4"
106%
106%
23%
"
'.
121
'
.
151
Dec; V
5% conv preferred.-
—100
-'111% Feb
-
29
Aug
45%
25
Aug
38%
119
26
Jan
104
18
Sep
31% Jan
>
118
Jan
68
12
Preferred
100 > 71%
United Electric Coal Cos—.
6&;. 16%
United Engineering & Fdy
5
45%
United Fruit Co—
—No par
110%
:
35v
34%
-
1
•
52%
11 V»
7%
18
Jan'
82
•
Feb
/36
•
7%
July
July
13
-
27%
53%
;
preferred^—100
~
4
•22%
14%
23%
r72
'
•"
85%
16%
23
15%
:'
■
88
54%
5%
1
69%
•;
31
108
ilp
Mar 13
44
60%
-
183Va
70
-
70
15%
*
lis-—-
167/8
-*108%
-
:
"
V
14%
•15%-
7
2,.
26%
f
70
107%
44%,"
'
*200
tv,.44%"
44
Saturday
.
Monday
Mar. 25
$ per share
*31%
32%
*20
20 l/av
*49%
51
32,900
1,700
Dec
Nov
Jan
70%
Dec
; 38% Jan
55%
Dec
~i%Mar
12%~ Dec'
30% Mar
,
39
Dec
16%
Dec
■7% Jan;
;
,
9% Jan
17%
V
115
84
22%
-14%"
22V2
f
15%
\
:;ftft
'23
85
83 Va
j,
23 Va
ft-ft
85
85
,
..
31
$
21%
50%
50 Va
22%
.
102
;—No par
.7% .non-cum preferred——-—23
United Stores $4.20 non-c 2d pfd_5
:
$6 Conv preferred—.———No par
700
8,100
Universal-Cyclops Steel Corp
1
Universal' Laboratories' Inc—-—1
'"ft
'
,7
*113
22 Va
*21
w
ft'
42%
'
.ft '
89
10
122%
*86
43%
-'42%
'\j-.
ft
122%
;• 95
v
*49
44
;>
••
*107
10%
89
*87%
.
*86
95
*86-
61
*50
49 3A
r.'.——
""43 Vi-
43%
.
*43
,*87
*150
190
170
*175
*151
170
*179
;
*86
43%
44
190
c*88
93 > - ft
11% Jun
50%
*151
170
ft 175
190
,
•
*175
19
39%
*111
111
40s/a
s110%
113%
84%
18 3/4
105
21
110
110%
108
21
*20%
*20%
153/4
15%
157/a
16%
16Va
13%
13%
133/4
137/a
13%
105%
105%
38 3/a
38%
*39
41
For
105%
105%
*106 V2
383/4
373/4
38,
a 41
footnotes
see
■
'
42
page
'♦40.
1744.
85%
84%
x79%
85%
18 3A
19
19
ft
,42 %
413A
111%
*20%
19
*18%
39%
113
84%
84%
84%
*18%
41
41%
:;ft41;;,-
111
110
*109
*108
'
21
38%
42
16 Va
14
14%
107
,
-
107
37%
■
*40
*108
107Vz
21
15%
'
>
.
109%
*20%
16%
14%-;
107:
111
183/4
38%
,
42
20%
ft-
ftft
ftft
6.100
200
Feb
Mar
•
9%
47
5,100
ft 30
>
v*ft
10%
,87
ft
,,
122%
...
Va-Carolina
-
Va
/ftft/ft
51
44 JA
1,600
ift
44%
44%
447/a
170;
*175
1,900
600
III
170
77%
2,000
18%
41%
110%
*108
20%
113%
*20%
-
16
14
14%
106%
387/s ft: ft
4,800
38®/a
;ft:*39
50
ft-ft
6,100
ft 'ft-
11.400
ft
5.700
21
IS3/,
..
600
'
110%
111
110
1063/4
10O
/
:
•-%
par
pfd—100
,
Mar
1
6% Jan / 3
77Va Jan
5
120
;• 80
90
Jan
Jan
89
Wabash RR 4%%
Waldorf
preferred——100
4%
Div redeem
G & W
preferred-
Co
57
•;
83
Dec
55
Nov
Jan
Jan
Mar
165
Dec
145
Mar
173
Dec
78
Nov
20
Dec
3
64
Sep
Jan
22
20% Feb
6
13%
Jan
Jan
2
42% Feb
4
30%
Jan
108
Feb
18
111
par
98
Feb
26
117% Jan 14
No par
par
1
20
Jan
3
21% Feb 21
ft 13
Jan
3
18% Feb 16
-ft 15% Jan 14
107% Feb 20
xll7/a Mar 15
preferred
100
„8
31
3
ft 40
par
35 ft Mar 15
50
Pictures
Pipe
:
120
No
103% Jan
Jan
3
Mar 29
Jan
16
105
Aug
61% Mar
ft/19
Sep
•
>
42 "
Dec
1: 110% Sep
•
Dec
110
20% Feb
ft 14% Dec
;.
83/4
Jan
83',
PI3/,
Oct
16%
Dec
Oct
105%
Dec
Mar
353/,
Dec
13
29%
•
-
Nov
43 V2
45%
Jan
—;
Dec il
81 v Dec
Jan
39
No
I
Nov
: 36%
^
1
Dec
124
18
Bros
Warren Fdy &
~8%
Jan
75
Mar 26
1
.
Dec
v";
29
Feb 21
>
Sep
par
86
;.
—^
118
30
Dec
'
45V4
3% Mar
par
No
Baking Co
5%%
1C3
Jan
100
(Hiram)
Walworth
Ward
Nov
No
preferred
Walker
71
104
No
,System
Walgreen Co
;
Dec
59%
18
15'
24%
—
Mar 22-- -V'
29
Apr
Dec'
22%; Dec
24>A Jan
99% Jan 28
123
Mar 20
21 i-\
Nov
90%
12% Jan 29
>
50 Va
86% Mar
'
47
Mar29
108% Mar 18
'
34%4
Jan
- ,•
Feb 15
9
21% Jan
13
Mar
48% May
>
28
Feb
Highi
$ per sh
13%:
4
115
.
Jan 25
:
Dec
32
$
28
"44% Mar 29
Jan 16
.
' 37% Feb' 26
; 107.
48%
Lowest
112
2
-
Warner
400
5%
2
.
250
•
——No
23% Aug,
$ per share
24% Jan 10
Mar 28
Jan
Feb
Jan
Virginian Ry Co^——29
47
Feb 26
; 51% Feb
^
VtPferred-^--^^—i—-i-ii.2539% Jan .'"4:45% Jan
.Visking Corp (The) class A—
__5 ;
43% Mar-28 v
44% Mar
yuican.Detinping Ctf-————100
kl61
Mar 7 4 170
Mar
Preferred;———-J—-——«100 ^ 472.; Feb * 2 ' 175
Jan
39.100
.
40
41%
ft
■-
-
Chemical
100
div partic preferred—-—100
El & Pow $5 pref
,—100
Va Iron Coal & Coke
.
77%
1834
41%
ft
ft 10
190
5
y/orks-—-
8%
180
//jr;
93
preferred———100
3%cum preferred—
200 ft
>-,
Jan
44
Victor Chemical
.5.100
.
;|ft
66
•
104
110
non-cum
55
"19% Mar 13
—J2.50
5%
Jan
Mar
Year 1945
Highest
Vicks Shreve & Pae Ry——10Q
"< '
'■
V: ;
;;50-
-8
—
-
.
$ per share
Vertientes-Camaguey Sugar Co-6%
ft
Dec
75% UTan;
178
1
Lowest
2.400
20
Dec
$ 25
Range for Previous
; i;
2.800 / .; ViCk Chemical Co
New '
—!
39
25
49% Jan 10
22%
*88
79%
39 r
81
110% Jan 10
23Va Feb
1.400'
Dec
16%
121 *A
5% Jah!
39
?
8%
16% Feb 25
2
ft
Nov
50% Deo.
7
26
44 %
Nov
32
23Va Aug
Sep
98% Jan.
16
Jah
18% Feb
-ft 112%
Oct
Dec
160-
24
29% Mar 13
121%
107%
38%
39
Jan
.
Jan
46% Jan
18% ft
107
4%
;
Dec
85%
Jan
Van Raalte Co Inc————-—10
413A
15%
4
Vanadium Corp of. Am———No pflf
Van Norman Co-—2.50
/t:'
58% Jan
135% Jan
6
46
500
44 V*
89
$ per share
;
I
77%
Range Since January 1
s
♦
Oct
Jan
Jan
27 V4 Feb
25 ;.
Dec
73% Oct
176
52
"•
'
7%
72
17% Mar 25.
8
Nov
-
48% Dec
,
6
14
1,800
87
190
14%
■
67
;
•
Dec
11
14
1
46%
■
51%
14
r
EXCHANGE
39 /.Feb
,
r
par
"*107% 108%
93
15%
NEW YORK STOCK
r
Shares
;
*83
'
57
Jan
16
128
Mar 25
21
Feb 25
~r 8% Jatf\31
I f
-
'
33
*113
122%
'
-
144%
9% Jan 28
r
,
49 V Jan
15
52% Jan
Maris
15% Mar 13
par
2% Mar
51% Jan
Feb
•
*111
*43%
44%
43%
43%
*151
170
•
44
.
'
■
-
87
»
:,r
the Week
STOCKS
-
97% Feb
•
Jam 4
7V4 Mar20
106
Feb
21%
-
?
46%
,*122%
50 %
43
ft
190
170
'
1.0%
50%
44
."'ft
,
,*173
45%
88
,
.—
<■
84% Feb
52
'•
111,
*107% 108 Vz
10
10 Va
*122% 122%.
93
*113' '
45%
108
*86
51
.
.
.10
123
-
•.
27
7
Jan
29% Jan
21
,50
"
5
.
Feb ' 6
22
'443A
ft
Jun
21%
;
ft;' '. 22%
44
,111
;ft;
ft
*107
10%
,
111
'
*113
45%
87
123
ft.
ft;,
108
1.0%
87
123
;
3 45
.
123
,
49%
*43%
..
111
Jan
27%
51
313/8
50%
—,
•
112%
44.;
' 108
103/8
10
*111
•
'ft 113
*107
107
*86%
.
*113
f'- '■
.
107
'-♦-a-
46
89
pdtM. 94% Feb 26;
100 i'188 , 'Jan > 3
u
Universal Pictures Co :Inc—-
V
,
I Sales for
Friday
$ per share
31
ft,21%; *
50%
*22
863/4 .67
6.000
r
No
L—No
preferred
•' 10
46
Mar. 29
share
per
30%
:.s
.ft-;',-
•:
—
*111
^.,
,
*42
Preferred
Universal Leaf Tob
130 *
v
|
,
—.
£T45%
;45%: "i
" Thursday ;
Mar; 28
'
30
ftft
101
*200
'
|
"
21V4
...
51
—
44lA
.
,tper 'shafe
32%
22%
22%
45,%—
103
'
'ii
-tU«
•I'll
.1:
154
United StoVkyards Corp—— ——1
8,200
200
,
Feb
56% Mar 25
166
T100
——
'lo
3.600
l
35
74% Jan
Dec
34%
70
4
Nov
•
115%
Feb 16
187
2.300
i
PRICES
Mar; 27'
22
ft
*200
Wednesday
31%
*50
*100%
43%
HIGH
213/4
.
51
103
SALE
45%
.44%
t per share-'
^
21%
20%
.*493A
22 3A
84
22%
14%- -14%
200
200
Mar. 26
33%
32
,
I
*100%
„
Tuesday
Mar. 23
22%
22'A
14%
14%
101
101
v
/
*200
$ per share
•; '
ft ;
400"
t
64VaMar
I ;r
Nov
28
60
^Preferred
US Tobacco Co—
3,200
i
10
;
|
Dec
115
;
12% Jan 11
8% non-cum 1st preferred
100
171
Mar 19
U^S Smelting Ref & Mln———50
• 67%,Mar 13
Preferred
.50
84
Jan 22U S Steel Corp__
No par}ft 79% Jan
3 >
Nov
Jan
18% Feb 16
2
7% Feb
Dec
-
Apr
50
Jan 29
Jan
Jan
:
;
40
*99%' 102
*99%^ 102
44'
23
U S Rubber Co
1.700
72
14%
*22V2
"$U S Realty:6rimpt——iVo »af
14,100
184%
•
16%
16%
108%-108%-- -
16%'
*106;
-
•
400
2.800
7,100' '
|
71
69
•
l,
C
.
-
2
Jan
51
Mar-13
:60% Jan 12
41
Feb 26
5%Mar.l3
'
;>■;
n
13% Dec
Oct
•
13% Jan 29
,
Oct
Nov
112
77
Jan
13% Jan
2
1& Mar
52
Oct
16%
4
59% Feb
..
Mar
f; '
Dec:
25'
77
73% Mar 26
Mar 14"
Dec ;
52%
120
103 Va
2
36% Mar 26
Mar 13
Jun
17%
11% Jan
25
204'A Mar
88%
^6% Mar ;
Jan 21
Mar
Jan
106 Ve
v
16
29% Feb
125
Jun;
/ 22
23
Feb
>
Dec
14%
13% Jan
2
Jan
.
Nov i
5
89% Mar
13% Jan 29
26
Feb 26
59% Feb 28
U S Pipe & Foundry—————20
U S Playing Card Co^--—10
U S Plywood Corp—:
1
900
*
-*84Va -88
.-
m
23
54%
5%
1
55%
66%
54ya
6
-
277A '
LOW. AND
;
;
*106
•
23
23
*200
,
17%
106
-
70
55%
66V2
f
29%
33 %
Mar 29
58% Feb
110
'4
'199-" Jan
16
Jan
28% Mar 28
Feb 26
,
100
86%
86%
82%
83%
-82%
8382%
83%
164
164
^
164 -164
163%'164
27% 27%-*
27%-27-%"
.v,27%
27%
*52'
•53%.-"..,.-*52^--53%
'52" "52
*7%
7%
7%.' -7%
-7%
>7%
*52
: 53% ki<
7% ' 8
1
17%
17%
7%
17%
106
69%
55^
j.83,%. 183%
,
Dec i)
Dec
s Dec
10% May
Jan
17
28
126
3
Feb
Jan
21% Feb
56
:
H'ry
25% Nov M; j
IV4 Jan
16% Jan 28
85
Mar 11
Jan ' 7
22%Mar 14
108
—
500
21,000
,
'
;
Mar l3
Mar 16
Jan
3
Jan
5%% conv preferred———50
"U S Industrial Chemicals—-No par
47%
Rights
—li
U S-Leather Ccr.^.--ii--—-No> par"":- 9%
Partic & cdnv cl A—
—No par
36%
-U.S Lines/Cq—-a———1- • ■' 13%
Preferred ——
—.—10
10%
8.100
22.100
' 1.800
11%
23
106
tJ S Hoffman Mach Corp—6
-
100
—
■:17%-'
11%
,
3.300
73
"10% * 10%'
*37%
37%
.
U S & Foreign Secur
—No par
$4.50 preferred ——
No par
U S Freight Co———JVa par
U S Gypsum Co—
_20
20,
52%
37Va
United Dyewcdd Cbrp-———-i
1.000
—
if
66%
68
,
Jan
114
26%
*
/
200% Dec •/
40 ; Decv
109% May
*
j"
["j.
Dec
62%
22% Mar
-
Dec:
Dec
120
66
1.600
207'
*70
-66%
Nov
:
70-
*
23%
i
Nov
112%
50% Nov
11,500
mVal/^;
;
,
|
27%
9
Jan
:
Jan
116
37% Jan 28
;
Mar28
17.000
'
12'
*204
•531/a
" 5%
;
180%
*85
164
«541/3
69
180%
71% 4
27%
7%
.
68V4
69%
179
164
546
5%
'
87
'
17 Va
17%
*113': 115
.
54%.
66%t
54
:
71
85%
*52 '
54%
66%
-
86%
164 %
27%
-
55%
68
56%
6%
Dec
1177/a
-
*37% Feb 26
i
26% Oct
Feb 56
*112% Mar 27
78% Jan
5
Fett^^ 25 ' 115% Feb
xllOV* Apr
Feb 25:-: 115% Jan 17
111% July
Feb 25
108% Mar 28
Feb 26^
27Va Jan 15
20% Jan
140% Jan
2( * 168% Feb- 7, ; 109% Jan I
112% Jan 24 >120% Mar 11
100% Jan •
'' United Gas linprovetrifent C«—13% -V, 23% Jatt^ 3-i
4.600 : United MercK & Mfrs Inc com——1
: 47% Mar' 6--;
149
♦ 5f9 preferred';——i-—100
>106% Mar' 8
2.600 - United Fapexboard—^-————10
V 9% Mar 13'
%
108%
108Vr
17%
*11V4
.
28*%
'53%
55%
37>/i
.
,
nV*
16
58% Jan '
Wl4%/Jan'?
-
38% Jan
15% Jan
5% Jan
3.200
126
v 28 Va
"•
11%'
70%
84%
Jan
106%
Jan
22
600
73
"**10%
*37%^ 38.
..
-
4
—
11%
s
2.800
35%
*69%
53%.
—
122
204
204
no%T 10%
87%
164
164
'
t
69
69
179
177%^
87%
88%
5%
-V
69%
175%
175% 175%
68% 68%
v
6 Va
6
6%
67%
;
*631/2
66%
54%
'
Dec
17
^
*53
Dec
10% Mar
v
75
v
123
23Va'
122
207
*72
52%
11
;10%-
16%
*H
.
■
Sep ?
50
Jan 11"
' 66% Mar415. •; 77
18% Mar 29
19% Mar 28
23
Jan' 331 Va Mar 26
1
:__5
United Aircraft Corp—.—'V 30
:
1.009
19%
26%
106%
*22%
'-13%--'-'
49%
11%' /
106%
24
124%
35
53%
ri^
••
38%
;
207
35%* 36Ve
73%
73%
•10%
*37%
11%
-
26V2
24
Co;
Union Pacific RR Co^L-—100
4non-cum preferred—^—.100
Union Tank Car—»1—ii
.No par
200: ?;
;
49%
-62V4*-63%-•'
26%
26%
*106% 107%
27%
*12
*108JA 108%
11%
124
*204
54
;
1/4
53%-
\U%'li%.-
106%
20,900
: *«
'-^19%
£
-28%: 28%
108V4
24%
71%
"f 10%
11
»10%
*37% :• 38
16
15%
53%
124Va
35%
52
1%
-
28%
-
108}A
"
.
24
>
204 V;"
711/4
71%
27%
.124
35'A
35%
27
125
204
;
" >
54Va
106%
.
241/2
'
,
,124
■
27%
:*108V4; 108Va
*11%', 12
26%
*106% 107%
122% 123
122JA
121%
19%
50%
122V* 123%
'
108%
*23%
122Va
-
77
19%
*49%
19Va
50
jfflf
Asbestos Rubber
:
3,300;'
1,800
117<
.e'-^*i2#
.
51
53%
■'
v
Dec
25
,
.
52
19%
;
Jun
Jan
.
>
•'
5%
52
51
*108 V*
>
5%
.
52%
19%
*
;
61%
34 Va
—
25%
34y*
50
27%
Dec
Jan
101
' 17,209 :-tUnited Air'Linest
xii—:10
*42
Feb 26
54%. Jan 9
Jan
l,5QO;;>,V4%% preferred—-—
100 M'142% Mar 13 i? 179
40
40%2,100.
United Biscuit. Co——.No .par
.83% Feb-25
41% Jan
115
Jan
*108% 110%
5% conv preferred-—-100
110% Jan 23
86
Feb
'83V»' 83%^
£
700'
United CarbOhUo—-1——--Aid par8 > 73
Feb*26
*33
33%
"
900 ' United-Carr Fast Corp
No par
30
Feb 26 :* V 35% Feb
13Ve 13%,13,400- . United Cigaf-Whel^n StoresiJ—30a : ' llVa Jan> 2' 5 14 Va Feb
26% Feb.
*25%
23%:
200.
4 Prior preferred
20' • '24
Jan 12;
5%
5%.
66,400
United Corporation
;•—.—No par:
'■
4Va Jan-3
7Va Jan 29
52% -52%
5,009? »
$T preferred————NO pat
47% Jan> 3
54
Jan 30
34
34% "
8,600: •> United Druy
————-9 ' ^SVa Jajf: 7 6 34% Mar 29
•
32%
*25%
:.6
19%
27%
Nov
9%
16%
i 4&V*
45%■■■ 7
*147 r® -J.
-1,
.'84%;
51 Va
50
27%
Nov
112%
Jan
.
84%
.
25%
5%'
117--
40
34Ve
■'i
' :
148'
.
30t%-
'
'
.117
32%
19%
&
66 Va
Oct
4Va
31
45
r
33
*25%
52%
34%
12%
>
13%f'-;13^^;-^.v.:>;i3W^3rv*
49%
120
:
Gniori Bag & Pftper— 2—Nbpar
38%
39
1,700' :
/'■>. z&sf.-:
*108% 110%
' 85'A-
■
33
v-1
6Va
52
34%'
,12%
■
12%
*74
Dec
106 %
: Union'Carbide K CarbJl——wNo par
.98%
Unlcm El Cat of Mq $5 pfd—JVo par #112%
^ Preferred $4.50 serie8^-^b pa>J: ^112%
59;
^referrd $3.70 seWesJ—par
' 106 10,700 : tinioxi Oil of California—23%
309
,161% 162% J
118% 119%'-
39^- 30%.
40
*48
120
ftftft-ftft;; ft-; >.ft: '■
7,300
-19
..
26%
25%
Union
1,809
13,100'"
*108% 119 ' !
25%
148
19
*113% 114
»MWf-45%''
„.
40
*19
120
.
.
2,109 MJndetwood porpt
39>/5
111
111%
*112%* 113 W
162%
117
150.:,:
*108
85%F
5%
52'A
'34
33%
13%
13%
ft,/;/ ft'.
Hi
18s/a
29Va
.
>
38% ?>38%
.- .>
117
.C 39%
.
'J/"-25%(r- 25%
6
5%
51%
;
"
33
;
.■
118% 118%
44%-"45%.
>
•
33V4
34%
>13%' ;13%"
■
19V4
29%
111
25%
'31 •,.,31%.
*114%
^9%
' \
108% ' 108%
119
.39
ItW.
..."s--
110%
'85'A'
'
'
il V
55;Va
23%
227/e
19%
28
.
16%
55%
"
*112% 113
164%, "162
119 *
39%
*108
110%
84
13 JA
39%.
.
.
331/4
85 ft:v
*32%
;.f
39%
39
110%
85'
16%r
*X13%r lu •4
^
25%
? 162%
116:Vr..
•
25%
;
..
45Va" ;46%:
151%- 151V2
156
151%
151% 151%
39%
*114
:
110
-
*108% ,110.,
25%
i 'V: r>-f^31%iv<32^;t-
117
*113
117,
45%
46%
*112%' 113s
J
;:;v
I :31 %
74%
*105% 106Va
Dec
Jan
July
,
59i%
73%
-
.ft
55%
23
29%
ai3%-113%.j.
184%
119%: 119 Va
38%
39
.
39
31'A
39
'•
>
.111% 112%
i
<
.
119% ;
24%
24%
•
59
16%'
y.TOVa.
18V8
.
30%.
39
,
113% 113%
—
—
31%'
:
111%. 112
,*112 ; 113
113% 113%.
*108Va' 110
1
*113
72% ft73% ft
i;ft/*105%; 106%;
'f 13
:
—
/ft--.;|ftftft ftftftftft ft.ftft.ft 'ft/ftftft ftftft ft,.--
:
.
-.V.Vft.
59
*55%
23
V
—
*113% 114%
Vv 10%
11%
*111
,
112
17% ft
17%
17%
16%
'
26V*
10%
112
57%
28
Dec
15 Ve Mar
u
t £
69%
30 Va
'
30%
*108% 110
30
'
58%
60%
,'^>26.%
27%.-
64%
,
19%
'
19%'
ftftvft; 59%
15%
■; 53% July
10 Va Aug
4
.
-.m:
:
67%;.-
67
>
:
*105%
V-
16Va
56
ftftftft-ft' 'ft
;
•
17
ft 70%
73%
'
17% ft;
56%
r-
106 Va
16%
55 V4
23%
'
/ft/ft 17%
18%
58
.
106%
69%
^'*26%
.
18V4
56 Va
27%
•
ftl'ft 11% 11%
V
: i0%
10% f
10%
*111 *1ll2%^ftft112. r1112
V ^ *111 ^
111
i8Va
19Va
60%
27%.'•':>">.'i*26 %
*27%
28
(11%
10%
191/*
->r 59Va
:•
9% Mar
16
i
44%
59V4
::
r
$ per share
16
,
,110% 110%
>
?
Highest
Sper share
Jan 29
4% preferred j_:———HOO
108
Mar. 13 'ft 112
Thompson-Starrett- Co——i-No par
8% Jan. 2 '
13% Jan 29
'400
$3.50 cum preferred-*.
68
Jan 29
—Nr par
51% Mar.13
22% Jan 10
;
15,500
fide Water 'Associated Oil-— —lb
18% Feb 20
112
Feb 20
1
180 ■v
$3.76 preferred
:
108
Janft3
50% Jan 29
3,3pO
tlmken Detroit Axle—..
10
40% Mar 14
2,900
timken Roller Bearing a—
661/4 Jan 15
Na par
56
Mar 13
<
9,260
; transamerlca Oo^.————Sftftft 16%'Feb 26ft.
21JA Jan
9
5,200
Transcont'l & West Air Inc
5 ft. 51% Mar 13
71
Jan
9
:i'fi • 200 ftftTransue & William's St'k
No par ;
33% Feb
7
23% Mar 15
12% Jan 29
? :
23,700 • Tri-Continental Corp—J.
--.1
•.
9 Va Jan • 3
114
Mar
8
r
ft •.
*40 ft ft $6 preferred
-No par- ..-111
Mar 20
ftftftft 2.10Q - Truax-Traer Corp——
No par
16 Va Jan7
V 20 'A Feb
6
'
35,000: • 20th< Cen Fox Film Corp
59% Mar 29
-No pat i x.■ 39% Jan
3
;
- 5,500
*
$1.50 preferred——is
No par
49% Jan
3
74% Mar 29
—:.
$4.50 prior ptd—
No Pat I; 105% Jan 16
106% Jan 10
"
7pO ; Twin City Rapid Transit—Ny jpar ft 14% Jan. 4
18% Jan 30
436
' 5
conv prior "pfd-,———-50
60
5
Feb
<50
Jan
3
'
1,709 • twill Coach CoL.———
—1
20% Feb 26,
26% Jan 29
v
21%
r' 110%r110% ,'
20'
6,400
Year 1945
>Sper share
$ per share
;
.
44 Va
55%
69'
,
20%
.
10O ft
5,700
•
10%
56
21%
20%
10 Va
*53
45
18%
*15%
20%
21% :
*110% 111
-
10%
50
*53
•
18t
57
58%
,109% 10fr%-
57
10%
«
2,800
44%
28
*105 %
;
57
,
230
r
*17%
•
*108% 110%'
10%
54
,
18
Par
Lowest
Thermoid Co common
——u—1 ;
• 13% Jan,
"17% Feb
5
70
$2% div conv preferred--liw^50r
Feb
; 60
»Jan. 8
Third Avenue transit Corp—No par
15% Jan
ft 12
Feb 20
Jan
Thompson (3 R>'—y—„
——25ft. " * 17
Jan < 8'ft .19
Thompson Products com—No par
49
Mar 14
68% Jan
»
'
13%
45%.
in
\
1U
*17%
15%
65%
4,500
.•
45 Va
27%
55%
*110
10%
54
">
15%v,
Range for Previous
Range Since January 1,
Lowest..
Highest
;
•,
-
l3%-
*64
,
;
NEW YORK STOCK
EXCHANGE
-ft
,
Shares
451/2
: 10% 10%
•no,
111;
♦18
•
S per share
10.
65% '
13%
13
Sales for
thf Week
•
-
44%,
59'A
19%
60
59%
11 %
$ 58
r
59'A
,
*108%-110%
11%
11 %
20 Va
-59V4
13%
J *17%
18 "
57%
57Va
*108% 110Va.
21%
20%
110'A 110%
58%
20 Va
58
57
15%
*63%
16%
65
*64%
>
■
$ per share
,13%
13%
18
'
Friday
Mar. 29
.
-16
'
65%
58
*108% 110%;
11%
*57
#:
Mar. 28
$ per shafe
>
63
•
Thursday
Mar. 27
it per share
*
ftftpSTOCKS
PRICES
Wednesday
<
Mar. 26
$ per share
$ per share
'
Tuesday,
Monday
Saturday
SALE
HIGH
Apr
50
ft Dec
'
|
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday; April: i, 1946
NEW YORK STOCK RECORD
LOW AND HIGH
v-;.;r Man 25
Mar. 23
•
6 per
/
35%
*35
32%
33
42
41%
'
14%
/ 14%
14%
38 y4
38 v4
*85 ya
86%
38 %
•
*85%
40%
41%
41%
*114
i;s
116%
41%
*114
30
*94
/ 32%
34
A
*
■
.
41%
41%
42
36%
42%
1,400
900
.
*70%
48%
93%
38%
*23
34
'
25
34%
-35
41%
42 .
*70%
75
101
101
75
102%
1150%" 50%
V
49% ; 50% A
101
101 '
48%
101 Va 101%
31%
31%:
*84
*34
35
:
A
32
37%
39
.15
11
—
21% *
..
' 21%*
111
A
10%
25
50
100
*144
!
/ '-
Lowest
t
Par '■
Range for Previous
per share,
Lowest
$ per share
<
^
&Svv:£.Y«uf 1945
Highest
V
v
Highest
S per share
s pet share
41%
42%
130
*114
I
>
70
' 10
25%
52%
35
10?/4
21
..
Class B—;———
*
112
Peb~ 26
Jan
;
10
>
Mar is
Mar 29
Feb 25
Mar 22
106 t
.
.
Woodward Iron Co—
800
2,700
/
'
500
40
1,100
5,300
•
.
Tale A Towne
<
19%
95 ^
35
12%
26%
19"%
100%
21%
142
JanJan
Jan
Jan
Jan
Jan
Feb
Feb
.-
37% Jun
57% July
:
Jan
92
-
Jun
50
Oct"
35
Aug
26% Jan
27% July
31% Aug
37% May
30% July
Oct
38% Dec
-
37% May
; </ 50% May
45%
Oct
Dec
43
27% Feb
Dec
105% Dec
28
30
24
29
29
16
5
21
Feb'
7
Mar
5
60% Feb 26
59
Jan 29
93
Feb 9
91
Jan 18
: 77
Mar! 2
20% Jan ; 4
65
Jan
9
98 ; Mar 7
98
Jan 24
106
Feb 4
42% Mar 14
21% Feb 26
Mfg. Oo——Ji
..1
Young Spring A Wire——No par
Youngstown Sheet A Tube—No par
Yoongstown Steel Door
No per
York Corp——.
14% Jun
r.
Jan
Mar 29
Feb 26
91% Jan 7
.
Dec
16
40
50
.
Jan
Feb 26
34
Woolworth (F W) CO—
.—..10
Worthington P St M (Del)
No par
Prior pfd 4%% series———100
Prior pfd 4% % Conv series—100.
Wright Aeronautical———No par
Wriglev fWml J» (Del)——No par
Wyandotte Worsted Co—————•
15,400
200
10
Dec
3%; Dee
61 :
,
Feb
100
Dec
Jan 30
32
-44
Wilcox OU Co——,,,,.
8;/
Willys-Overland Motors
—1
% Wilson 6s Co Inc
$4.25 preferred—
115.
V
.
4% Jan
29
Dec
.
58% Feb 16
104% Feb 14
Jan
3
98% Jan 21
27% Feb 26
45
9%Marl4
19% Mar 15
No par
16% Mar 13
——No par
99% Jan 17
1,700. /Wilson-Jones Co——10-'/- 18%Mar 19
Wisconsin El Pow Co 6% pfd—100
142
Mar 5
'\i7%r;^'!:^i7 A4Ai7%'V; ^ •; 16% •417,1-.:. .16% ;16%'
100%
; 100%! iOO%
>99% 100%
99% 100
20
.
19%: 20y«
. C19%
19Mi
19%
19%
'!-'(U'A"/^A144!
:
*144.
*144
*
40
'72/Jan 11
Feb-26
^ 101V Mar 26
,
1,900
44,000
13,000
1,100
Jan
13%
30%
64%
43%
4
107% Jan 31
„
?
112:
118% Dec
•
32% Jan
17
Nov
118,% Oct
JL Deo
48% Feb 11
Jan 28
103% Jan* S
70
Jan
89% Nov
21
113% Nov
Jan
106
Dec
18% Dec
38% Nov
,
v
Sep
22%. Mar
42
5,500 ? White Motor Co— .
——1
:35 % Feb 26
3,300 / White Sewing Mach Corp
1
13% Mar 13
130 U
$4 conv preferred——JVo par
84
Mar 23
300
Prior - •prefemdlil^A,^i^^li.fe:li.20^/i33%Jatt?-lT
,
101;
Mar 29
45
Jan
Dec
47% Deo
May
113%
V~40% Jan 29
39% Jan 30
40
32
33%
•
;
109% Jan
53% Jan 14
32% Jan 14
36% Mar 21
$3 conv prior pref
No par
White Dental Mfg (The 8 8)
20
800
97
2
40
;
,
5%* conv preferred———-ilOO
.
2
Mar
9
24
2
30
9
21
16
32Ya Mar 14
32% Mar 13
•
Wheeling Steel Corp———No par u'
390
.
2
36% Mar 15
Erie Ry—100
Wheeling A;
2,300
7
Jan
44
Feb
115 •1 Jan
35
Jan
69% Mar
13% Jan
32% Jan
56
Feb
21% Nov
!;
Mar
84%. Apr
23% Mar
100% Jan
Mar 13
Feb
6
Feb 11
Feb 18
32% Mar 23
$3.75 preferred ———..No por
50 \
'
Feb 25
87% Jan
•
,,
—
900
115 %
122%
113%
lia%
3
Jan
4
110
Jan 23
115% Mar 19
100
Preferred
12%
Weston Elec Instrument———12.50
Westvaco Chlorine Prod
.No Par
500
30% Jan /
41VaFeb ~i
877/« Feb 11
43% Feb 5^^
115% Jan
No par
Westinghouse Air Brake—Nopar
Westinghouse Electric Corp-—12%
<
490
■
A———.
Western Union Teleg class A-No pat
•
200
14,700
21,100
87 4
35
10%
23
Preferred series
900
15,000
v
20
47%Jan;31
33% Jan
3
85% Maris-;
38
Jan; 2
•
'
70%
70%
102% 102%
49% r 49%
102
102 s
*31% 32
37% V 3814%
■
West Ya Pulp & Pap Co
JNo par •' 35%
4%% preferred ———100
112%
2,600
Western Air Lines, Inc
1
27
1,400
! Western Auto Supply Co
--1Q ' A57
1,900 ;
Western Maryland By
-—100
9%
700
4% non-cum 2nd preferred—100
:
24
3,800
Western Pacific RR Co com—No par
* 46%
30 Ve
34% Feb 16
I
12% Marl4 //16% Jan .31
$4 conv preferred—No par
—
30
69%
14%
*84 *33%
*10%
*
14% Aug
24% Jan
22% Feb
9
28% Mar 14
40
Feb 25^
*
.
150
Jan
4,200
—
30%
69
96% 96%
38%
38%
*23
25^
33% 34
33%
34%
41%
41%
>40% ' 41
r *36% !37%
*105% 106%
,
±
West Penn Electric class A—No par '
' 1%
preferred————
100 :
6% preferred
—100'
West Penn Power 4%% pfd—100
80
115%
43%-
.
B
1
West Indie* Sugar Corp---^^-.ln v'
-
20
68%
10
21%
7,700
111
♦115%
42
P
118%
30
.
- Webster
Tobacco Inc.——5
/ Wesson Oil & Snowdrift
.No par
200
>
115
118%
.
^Wayne Puihp,Co--
35% Mar 14
*„18% Jan 24
-No par
Waukesha Motor Co_
1,500
:
17%
/ 20
•
:///'V.' /■ -
1 Range Since January 1
r
;
Petroleum' Corp——ii.5 '
Washington Gas Lt Co
,4,300
38%
86%
42 y«
:
50%
v
95
39
25
34%
.
111
*24%
_
!
-
29%
-
*70%
75
*101% 102%
? 50
50%
'102% 102%
,
>31%: 32
r;37% J37^.
14y4 ; 14% '
*84
87
*33
10%
' ' ? 20%
22!
*114%
■'■. '*114 '
■■■
,
34
11%
34
11
11%
21%
42
115
118%
110%
'
,101% 102 '
32
32 "
38% 38%
15: 14%15y*
87
85
85 '
31%
.
Warren
200
14
38%
86%
41%
29%
A 25
!
^
38%
86%
*115% 115%
69
10%
•
25y2
■'
29
13%
14%
38%
42y4
68 %
,
118%
-■
34%
33% 34%
40%
41%
42
*40%
' , 40%
40%
37%
37% A /f36%
37%
,105V* 105% *
105%(105%
41
*100%
102%
48%
•
31%
•34
41 Vs
*114%
118%
42
*114
49
*23
34%
'
37%
105% 105%
107
14
;111
111
/115% 115%
•
-
!>92 a-95
39
39%
42
Share*
•
•
/ 1,000 A
21%
>85%
-
.--
^
/
10%
25%
37%
*70% v75
-
30
'48%
34
41
14%
:
:
v
'
-
42% .42%
-
38%
'!'118%
69
710%
,'24^.- ;
>40%
■
/
37
♦100%
29%
^34W, .35%
34%
-42
*68
39
33 y2
-13%
-
*114 ";
r
95
33
*34
-
110%
115%
115%
'
24'•
*40%
♦105
'•
21%
34%
42
21 !:
34%
21"
-
42%
-38%
39
86%
110%
10%
22%
-4
'. .4iy4
25
38
/ *42
119%
69
*92
3514
*118%
.
38'/a
22%
$ per share
$ per share
21%
34%
*21 •'
'34%'
•
/ V 86%
86%
'41%' 41%'"://! 41 •
41%
!114
»114%
*114
114%
^
10%
48%
96%
38
38%
*86
41%
247/8
9%
>24%- 25
48
2i%
14%/' 14%
s14%
38%
86%
—
69
-
42%;.42%
30%
30
69
9%
•
'41%
41
*114
.29%
"21
35%
119%
110% 110%
116
iieya
112
>68
/ - $ per share
.
31
■
119%
119%
*110%
41
-
f
fp■■ /
Av-
'/''A;
NEW" YORK STOCK
EXCHANGE
"
/.
'
the Week !
Mar. 29
Mar. 28
i// it*/- f/'STOCKS
^ v.,'
Sales for v'
;// Friday -f/t
Thursday
^
Mar. 27
'
42, %
115
*114
..
*118
116Va
Wednesday
.
f*■•''v/-•■v-
://
PRICES
,33%
21
■
*41'/a
i
Mar, 26
'P 3 per Share
21
35%
32%
•35
V
'
6 per shore
share
21
21
'
Tuesday
Monday:
Saturday
SALE
.
82%Feb"18
Jan 28
38
49% Jan 30
27% Jan
31
27% Mar 13
35% Jan
61% Mar 13
74% Feb
17
5
25
31
Jan
29
2
Jan
At!**/
34% July
5% Jan
Zenith Radio Corp
Zonito Products Corp.
•Bid and asked prices; no
sales
on
this day.
Jin receivership,
a
Deferred delivery,
Transactions at the New York Stock
n New
Stock,
aal*.
r Cash
s Special
sales,
Transactions at the New York Curb
Exchange
Railroad
and Miscel,
'■
Number
-
Week Ended March 29, t946
Shares
——————1,
Saturday
Monday
,
Tuesday
Wednesday—
585,990
1,635,530
1,437,500
1,002,920
895.350
-y;-,
—
————
——-
-
Thursday——————————
Friday
«
nv>fgi
.
of
1,224,620
..
6,781,910
Bonds
f
:
,
.
Bonds
3,560,200
4,698,000 J '
$23,609,700
-
1940
6,781,910
'i
'
Sales
$1,915,500
5,113,500
5,257,500
10,000 '■•/' 4,112,500
33,000
4,050,700
26,000
5,009,000
$1,741,000:
4,327,720
'•
$7,500
22,500
9,000
390,000
457,500
285,000
1945
Bond
Bonds
$1,787,000 - - ! $121,000
4,849,000
242,000
5,003,000 ' L " 245,500
3,712,500
Total
Government
foreign
Week Ended Mati 29
Stocks—No. of shares.
Stocks
United States
-
!
Jan. I to Mar. 29
1946'
'{>vj
'
•
"
pati.rH«y.1., fm.,±
245,015
581.705
629,430
469,620
451,005
474,940
,
.
wH^oy
2,851,715
-
98,778,803
/
-
207,000
261.000
273,000
179,000
■
>>^255,000,
$59,000
34,000
7.000
11,000
20,000
8,000
,
1946
.
,
1945
•
'
Total
$200,000
246,000
268,000
—
$5,000
,
'
—
8,000
4,000
292,000
203,000
10,000
273,000
$27,000
>
$139,000
$1,316,000
,
Government; Corporate
$141,009 '"
,
■
Week Ended Mar. 29
•
1945
110,658,377
DomesUo
.
/Bonis(ParValue)
,.
,
Shares)
M-nnrfoy
.: „ y
«Pii»«rtfty
Wednesday———-——————.
ThnrxHay.
:' -
Total
■
{Number
v
Week Ended March 29,194$ *'
$108,000 ' $25,458,700
:
>
$1,482,000
-
Jan. 1 to Mar. 29
v
1945
,1945
51,847,670
31,255,938
$1,316,000
139,000
27,000
$2,437,000
$25,036,000
701,000
4,347,000
31,000 V 164,000
$42,045,000
19,203,000
312,000
$1,482,000,
StockS-r-NO. of Shares.
Bonds
U. S. Government—
Foreign—
Railroad A Industrial.
Exchange
Daily, Weekly anil Yearly
Pally, Weekly and Yearly
Stocks,
y Ex-rights.
wd When distributed.x-E«-divldends.
$3,169,000
$61,560,000
2,851,715
1,277,760
Bonds
$108,000
1,741,000
23,609,700
$118,500
1,146,500
29,593^400
$2,372,600
24,402,700
392,308,200
$25,458,700
$30,858,400
$419,083,500
$1,763,650
30,431,500
Domestic———
705,482,700
foreign corporate-
$737,677,850
Total———.
;
Foreign government,
Far
Bank of the Manhattan Co.—10
Bank of New York
Bankers Trust
Brooklyn Trust
49%
100
116%
43%
Chemical Bank Ss Trust—10
49
'
Trust
Co
————
Continental Bank Ss Trust
wwi»Afi-.«rrw«t'"ui
•;
51'/4
134 s
129
Central Hanover Bank Ss Trust 20
Chase National Bank——15
Commercial National Bank Ss
Ask
35%
442
430
10
—
Bid
33%
-100
120%
1
45%
51
200
Grace National
190
100
Guaranty Trust
100 / 3.
Irving Trust
—10
19'
Kings County Trust——100 1,950
Lawyers Trust.
—25
x49
Manufactures Trust Co com—20
63:
Morgan (J P) Ss Co Inc——100
National City Bank.——12%
47%
.10
21
Corn Exchange Bank Ss Trust-20
63
Empire Trust—————50
119
Fiduciary Trust
10
42
first National Bank...
100 1,850
50%
> 22 Vt
1,910
112
25
Public Nat'l Bank Ss Trust—17%
65 y4
45:
Sterling National-'^.—i4.i-i.--i.2a
124
45
316
46
New York Trust
-
—20
$29,547,000
1
90
Title Guarantee A Trust——12
241
United States Trust.—.——.100
780
Volume
163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
-
New York Stock
«»
FRIDAY
the
£
^
.
lnteresf'-^except for Income
"and
are
?
Period
Week's Range
Friday
.
<
Interest
Exchange
Stock
Last
or
Bale Price
1947-1962
Treasury 4%s_i*,
Treasury
3l/ss
3 V»s
3s
3s
21/es
2% 8
23/4s
23/4s
Treasury
Treasury
U
1955-1960
2J/2s
2Va8
2J/as —
2Mj»—
?V2s —
2 Vis
2Vis.—
Treasury
Treasury
H Treasury
Treasury
Treasury
-
Treasury
•
1962-1967
1663-1968
/.
1964-1969
—1965-1970
_
1952-1953
.1954-1956
;
Treasury 2Vis..
...June
1959-1962
2 Vis
Treasury 2s
—-Dec 1959-1962
;|? Treasury 2 Vis
—
Treasury
*102.1
2s...«»«
2s
*103.11
Jun 1949-1951
*103.3
*103.8
Dec 1949-1951
*103.12
Treasury
i
Treasury
2s
2s
2s
Treasury
•
.....Mar 1950-1952
Treasury 2s —:—
2s
Treasury 2s_J_—t Treasury 2sw-^-i
Treasury
:
;
Treasury
:
.____Dec 1952-1954
l3is
IVi's
Treasury
i..
1953-1950
.....
U-'.
June 15 1948
....
,
-1950
—
New York
Transit Unification
ZZJIZZZIIT^
No.
25
Series
No.
26__
External
3%
■
i:
~
:
12"""
63%
65%
62%
1950
s
4%-4%s_IIII
f
,
(Rep)
.
■.
102
103
112-
29
i960
28%
30
1961
29%
30%
—Feb 1961
30'/4
30
Feb
s
f 6s
Jan
1961
_1_
__Jan
1961
28%
sinking fund 6s
1962
-1962
Il963
:190a
A6%s assented™
1957
1961
1901
1961
assented
1901
1962
1902
Chilean Cons Munlc 7s>
"i960
_
1900
A 6s
of
rv»t
1901
—Jan
1927
3s external
™1951
1961
f $ bonds™.
s
1970
AColombla Mtge Bank 6%s
1947'
1940
Copenhagen
(City) 5s—...
25-year gold 4 %s
A Costa
Rica
(Rep of)
-
—.
1047
,
;
1952
—.1953
7s
.91 r
94%
91
88%
92%
88%
37
37%
36%
106
108
NY
108%
108%
79%
36%
1-1693
79%
36%
V
31
AExternal sec s f 7s 2d series—1957
*31
32
t 7s 3rd series__1957
*31
32%
AExternal
sec
8
series.
1st
(City) external 5s
1958
(National Government)—
S f external 4%s_
1941
8 f conv loan 4%s
1971
8 f extl conv loan 4s Feb
—1972
8 f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25.1953
112
AAntwerp
External
115
97%
96 ya-
.
A7s
91%
101
1949
107
108 %
1953
108% 108%
105
108
1953
114% 114%
nart
paid.
T
111% 115
1952
..
50
*105%
1960
17%
f 7s
1941
64%
65
62%
70
A Jugoslavia
AMedellln
Mendoza
71
60%
Irish Free State extl
(U S of) external 8s_^
J.S60
f 5s
20%
16% 19
*100% 102
♦95%.
(Colombia)
(Prov)
(US)
1954
6V2s
.v
/
,
,
1943
agree
1943
extl 5s of 1899 £
A Assenting 5s of
1979
1927..—.-.1957
__
4s readjusted,—1954
Mexican Irrigation—
v
A4%sstamped assented---,
"
AAssented to Nov. 5. 1942,
AMexico
•103
(State Mtge Bk) 7s_.1957
...
!
Stamped pursuant to Plan A
(Int reduced to 3.375% )
AExtefnal s f b%s of
s
1949
1899
A Assented to Nov. 5, ; 1942,
agree
Stamped pursuant to Plan A
.
(Int reduced to 3.375% )
1979
(Central Ry)———.1952
'
A78
fitamped pursuant to Plan A
(Int reduced to 3.5%)
;
funding bonds of 1931
Stamped pursuant to Plan A
8%
<
1978
For Financial Institutions.
;
(Int reduced,to 3.375% )
1979
1944 (Plan B)—
FOREIGN
External $ bonds of
J%s
-
;
?
Series
No.
3%s
Series No,
Series No*
4
«• Mr
*%s
8eries
Series No.
8
Series
No.
3%s
No.
7-.
:
i
w.i
Series
No.
10
Series
No.
Series
No.
12
FOREIGN SECURITIES SPECIALISTS
11
a%s
1
i
:
50 Broad St.# New York 4# N. Y,
...
3%« Series No: 13
i
3%s
Series
No:
14
V;.
3%s
Series
No.
15
•/;
3%s
Series
No
16
•
r^BL MABES & P.O. D*C.
:
;3%s
'
<
m mm ma
9__
;
;
M'.llaMriiiM <*» -* ma m*
3%s• Series No. -B_j
3 %s Series No. 6..,........^..^,
.! 3%s
3%s
i-
FIRM TRADING MARKETS
3—
3%s
■:
SECURITIES
1
i»%s Series No. 2
For
footnotes
see
Telephone HAnover 2-0050
?
page
,!
1749
99
97%
•104
97%
*101%
IQftS,
iQfifl
„
100%
••
102%
,
■
,
-j_
115
113
.166%
90%
*102% 110
>34%
39
102%
*102%-
1967
,.
__
103 y2
108% 108%
93%
*102% HO
1949
ipso
(Republic) s f 6s series A
Helslngfors (City) ext 6Vis
105%
102% 102%
part palrt
1969
,
?
7s
Haiti
110
103%
Stamped pursuant to Plan A
:
;
(Republic of)
A6s
99 Vb
106%
109
(Int reduced to 3.5%)
1978
AExterhai s f hvis of 1926..^...1951
IA Brazil
series—1969
100
103
*102%
1st
Greek Government—
103
103%
>99%
109 Va
,
s
96%
103% 104i/4
Belgium external 8Vis
External s f 6s
External
100%
101
977/8
96
94%
98%
96%
*102%
? 5 %S 2d series—
1927—1957
4%s of 1928
1956
5s„ of
External g
103
i—
*102%
AEstonia
101% 101%
97%
96%
162
98
100
*98%
1943
1942
French Republic 7s stamped
7s unstamped .
,
101% 101%
97%
*96
1952
112%
112
—
166% 166%
.1940
5%s
Argentine
106
113% 113%
1940
Customs Admin 5%s 2d series.—1961
31
f 7s
A-1951
ser
Rep Cust Ad 5%s
5Alst series 5%8 of 1926
8 A 2d series sink fund 5V2s
36%
1957
s
(Rep of) 8s
20-year extl 6s
IA Dominican
36%
36%
AExternal
*111%
1945
5%
gold 5%8—....;i.,1953
External gold 4%s
*5
:
.1962-
36%
36%
f 7s series B
1953
wks
Czechoslovakia
36%
1943
s
*103
External
104%
1943
AExternal
AExternal i f 7s series
106
Cuba
_
AExternal a t 7s series C«,.™--1943
>
1951
(Republic of) 5s of 1914
1949
External loan 4%s_
1
1949
4%s external debt™—1977
Teletype
ASinking fund 8s series B
103
30
Sep 1901.
_Sep 1961
assented--
A 6s assented
IA Denmark
1943
96
59%
_1980
:
A60 assented-—
A
1948
104
AChile Mortgage Bank 6%s——.1957
(Colombia)—
1968
.
28%
AExternal sinking fund 6s
Foreign Govt. A Municipal
4s
102
U2%
A Public
coll 7s A
102 Vi
101% 102%
Sinking fund 5V2s
(Dept)
102%
100
__
28%
30%
A 6s
Wertheim & Co.'
(King 0/ Norway)
102
.
1943
AExternal sinking fund 6s—
A 6s
sink fund 6s
62%
60 Va
194a
:
ASinking fund 7s of 1926
ASinking fund 7s of 1927
AGtd
62
'
69
*101%
assented
A6s
Foreign Securities
AAntioquia
63%
61
195,
f 7s
s
AChinese (Hukuang Ry) 5s
Colombia. (Republic of)—
A 6s : Of "1928
Akershus
61 y4
60%
114% 114%
;
External
ARy external
?.
*
1900
Jan 15 1948
.jA 6s assented
AExtl
...
.
_
AGuaranteed sink fund 6s
*79
60%
1970
AExternal sinking fund 6s
yf: a 6s assented
AExtl sinking fund 6s
Issue—
—1947
62%
65
*62%
1004
A63/4S assented.
sink fund 6s
63 V2
J978
-A7s assented
AGtd
60%'
1977
f $. bonds/
i
47s assented...
A
•
62 Va
63 1
*62%
i
1970
AGuaranteed sink fund 6s
A 6s assented™.
?
63%
60%
'./• 61
102
IIIIl958
63%
60%
62%
62%
*62%
-"
2% Corporate Btock
Agricultural Mtg6 Bank
61
61%
60 %
*62%
Y2,2iffZZZZ"l
_,
ASinking fund 6%s
120 Broadway, New York
Vi
60%
62 Vi
1901
external
Chile
City
REclor 2-2300
60
64%
62%
frrA.'
^Car1st)ad (City) 8s_
A
*104.18 104.20
*107.8
107.10
*101.23 101.25?.
el02.llel02.ll
Telephone
>
__
62 y4
~
Canada (Dom of) 30-yr 4s_.
25-year 3%s
104.12
Members New York Stock Exchange
High
62Vi
62%
*61%
Series
Refunding s f 4%-4%s
External readj 4%-4%s
External s f 4%-4%s
"*104.16 104.18
104.17 104.171
.—June 1952-1954
2»_.
Treasury
*104.10
.
Low
..
62 Vi
A6s stamped
*103.25 103.27
"..V
1951-1953
1951-1956
January 1
Buenos Aires (Province of)~
v
*103.17 103.19
Sept 1950-1952
2s
Treasury
Range Since
Sold
*62%
,
Sinking fund gold 5s
Sinking fund gold 6s
103.14
Treasury
Bonds
No.
High
*62%
a f Bs
103.10
Treasury
.
22
(City)
103.5
Sep 1949-1951
;
■!
Friday's
*62%
30
103.13
*102.6
__
No.
No.
102.8
102.3
Dec 1948-1950
J-m->
Series
Series
103.17
Mar 1948-1950
or
Bid & Asked
' '
-
28
103.6
Treasury 2s_™....
>
'-.Low
v
_
29
107.10
103.8
1
21
No.
:
103 5
103.17
1947
No.
Brisbane
105.30
*107.8
Series
18
3%s
*109.19 109.21
1956-1959
''
20
No.
107.8
*105.28
19
No.
Series
107.8
104.27 105.6
*107.13 107.15
105.6
1951-1953
2V4s
2V4s
■Y Treasury 2 Vis.
No.
Series
3%s Series
*108.30 109
—
1967-1972
No.
Series
3%s
110.6
'U Y"
'
-;-;3%s 'Series No.;:
107.6
104.28 105
U
Sept 1967-1972
Series
3%s
106.16 106.16
106.16
1967-1972
*:
*62%
3%s Series No. 23
3%s Series No. 24
'
Last
Sale Price
17
3%s
106.18 106.18
106.13 106.14
__
—....i.—1966-1971
Treasury 21/2s—...
;
Interest
(Continued)—
No.
3%s
106.13 106.13
V."
106.18
Series
3%s
*106.28 406.30
June 1964-1969
bonds
3'.is
106.6
*107.6
■._<
$
3%s
103.30
*110.4
Friday, Week's Bang*
Exchange
<
3%s
115.27
*107.6
1956-1958
Treasury
3%s
115.8
*107.4
-'■mv
Stock
(Continued)
External
111.9
*106.4
__
1952-1954
Dec
Brazil
*104.10 104.12
..
——..—1950-1952
June
Low: High
No.
York
Period
*116.13 11645,;
■
—1948'
Dec.
New
January I
ell8.i0ell8.l6
1949-1953
Treasury
■
w-'
r
V I 06(1.1903
—
Range Since
,
100.16
*103.28
*115.25
,-1958-1963
'
'
Sold ?
*109.12 109.14
,
1956-1959
Treasury
Treasury
•115.6
1951-1954
Treasury
Treasury
111.9
1948-1951
Treasury
Treasury
Treasury
Treasury
*100.14
1951-1953
23/4S_—
23/<ls_.—
2V2s—...
2V2s
2 % s~~...
2
2V2s™™,
2^s
Treasury
High
BONDS
Bonds
*105.17 105.19
*100.15 100.17
:^»108.14 108.16
—.1846-1948
Treasury
;
a,
1949-1952
Treasury
:
-
1
1946-1949
Treasury
Treasury
Friday's
Bid & Asked
Low
V* S. Government
Treasury
RANGE FOR WEEK ENDING MARCH 29
,
„
BOND8
York
New
:
Exchange
YEARLY
-
and defaulted bonds. Cash and deferred dellTery sales are disregarded in the week's range, unless they are the only transeetieas of
week, and when outside of the regular weekly range are shown in a footnote in the week in. which they occur. No account is taken of such sales In oomputtng the range for the year.
The italic letters in the column headed "Interest Period" Indicate in each case the month when the hand# mature.
,
v
' J
NOTICE—Prices
t
v
WEEKLY
-
Teletype N. T. 1-971
THE COMMERCIAL & FINAN£IAL
CHRONICLE
Monday, April 1, 1946
NEW YORK BOND RECORD
RANGE
To
FOB
WEEK
ENDING
MARCH
29
dealers, banks, institutions, lawyers, executors and
individuals, :we offer bur services for t|uotations
<>11
OVER-THE-COUNTER SECURITIES
II. D. KNOX & CO.
11
Broadway, New York 4
Telephone: Digby 4-1388
Teletype: NY 1-86
27 State St., Boston 9
Telephone: Capitol 8950
/'A
ESTABLISHED
BONDS
New
York
Stock
Teletype:;; B§ 169
61
1926
Friday Week's Bange
Interest
Last
Period
Exchange
Sale Price
*
or
Friday's
Bid & Asked
Low
High
Bonds
Sold
■d§. 'M BOND WMMM
NejYork Stock Exchange
RangeSince
January 1
Ho.
Low
Assenting
4s of 1904
Assented to Nov. 5,
AAssentlng 4s of 1910
1954
*12%
1942,
agree
10%
.1949
*18%
A Assented
to Nov. 5, 1942,
ir- treasury 6s of 1913 assent
agree
1933
*14%
*24%;-
agree
•18%
A
Low
A Assented
to
Nov.
5,
1942,
Minas Ueraes> (State)—
A Sec external s f
6%s
|,
!3s cojiv debentures——.4950
^
.
'
—
Sec external
Stamped pursuant to Plan A
(Int
A
reduced
Montevideo
A
to
(City)
;
7s
4s
f
s
sink
5s
sin*
1958
fund
4%s-.
Municipal Bank extl
Oslo (Cltyi sink fund
(Rep)
extl
£
APemambuco
i
:
f 5s
s
(State of)
102
101% .103%
103%
107%
103%
103%
107%
| :
107 Vi
106
—1963
f 5s——1970
s
107 Vi
*'101%
99%
—
102% 102%
101%
!
100
102%
ANat
1963
7s__
f 6s 2d
s
of)
(Rep
1st wprtgagfr 3%p-u.^—£^.£-T:i963
-
Baltimore
;
A Ohio
Dec
1956
iQRft
AExternal sink fund gold 8s_. -i960
A4%s assented
1963
A Porto
Alegre (City of) 8s
Stamped pursuant to Plan
'
1 4946)
A
■j
Janeiro
2.25% )——2006
(City of) 8s
21
1948
reduced to 2.375%)
AExternal sec 6%s
V'
(Int
reduced
to
—
1953
''
2%)
2012
:
■
<
(Int reduced to
A 6s
•
loan— ——1967
Stamped pursuant to Plan A
Santa
Paulo
(City)
8s
TV 'Yd
*
95%
92%
99
:!
97% 103
98%
97%
J»3ya
95% 96%
83: "84%
91%
96%
75Va
98%
96Vz
96%
,
"
-
T
'
•
45
50
.■••■■■■■
41
45%
40%
45
;
14981
jlsstampedU...—«.«-«195l
Beech Creek Extension 1st 3%s
1957
—
-^1970
102%
2012
—1967
II
130%
133%
101%
101%
102
102%
—1955
4_
,—,19.36 *
Stamped pursuant to Plan A dddid
(Int reduced to 2.5%
—--1999
A8s external
£
„__1950
102%
105%
107%
<104% 105%
,106%
106% 106%
106%
106%
106% 106%
106%
108%
106%
106%
101%
101.
101%
100%
104
jv—■*108
1961
♦
<
—i960
!
—1950
:
83
82%
<
76%
84
75%
104% 104%
75%
75
__
*106%
—
—
V
74%
84%
85
104%
105%
106%
106%
105 i) 106 ft
105%
106%
1969
105% 106%
105%
107%
J—-1969
106 % 106%
106
107 %
El', 1st mtgd.2%s_197&
106% 106%
105%
106%
85%
91%
A Certificates
8s
105%
102% 102%
.•
—
,
;
:
13% ,t0 May4, 4947) duei——1957
fBiirlington Cedar Rap ft Nor—
:
IA 1st ft cOU 53-1—193^
.
98
—
101% 101%
104%
3%s
mtge;s f
104%
.
1st 5s A C
series
104
98%
132% 132%
101%
102%
gold 4%s series JJ
5s
404%
102%
•'
♦
—1956
-
M
: 101% 101%
—
C
1951
Bell Telephone of Pa 5s series C—-I960
Beneficial Indus Loan 2%s-^
1950
debentures--—
101%
101
-
-
Buffalo Rochester ft: Pgh. Ry-1: '•
Stamped modified
(interest at
2001
Stamped pursuant to Plan A
(Int reduced to 2.5%
—1999
A 7s AxtJ water loan
4950
V
.
.102% 103 i.
402%
101
Bangor ft Aroostook RR—
Cjoa tet 48---,—;.^.—
Buffalo ""Niagara.
•
Stamped pursuant to Plan A
J Int, reduced .to
2%)—;
'
97%
101% 103
4s ,s f. debentures—.—.
.1952 '
A6%s exti secured.8 f
(State)
102% 105
96%
103% 104%
103% 104
Gen
1964
Stamped pursuant to Plan.„A
(Int reduced to 2.375% j
f ASan paulo
.38%
104 Yg
101% 102%
Bklyn Union-Gas 6s series A—-—4947
2.25%)—2004
Pe external sink fund as
iASan
33 Vi
104 Vi
103% 103%
96%
1947) due
1950
Toledo Cin Div ret 4cA_________i959
Bklyn Edison cons M 3%s
Bklyn Union El 1st gold 5s
A7s (municipal
to
46%
33%
33%
103%
1
1st
reduced 40 2.25%)—2004
reduced
42%
104% 104%
.—1995
;ist mtge 4s series-RR—.££-ii-l960
AInc ratge 4%s ser A_.
July 1970
* A Boston ft N Y Air L 1st 4?
-1955
Stamped pursuant to Plan A:
(Int
112%
112% 117 V*
104%
to Jan
u
1st
.(Int reduced to 2% )-£—.2012
external loan of 1926
1966
(Int
A Conv
Boston & Maine
1999
gold
1.1968
Stamped pursuant to Plan A -Pi'dd
A 7s
109%
'Vd, -V
due—
Corp—
Cons mtge 2%s ser I
'
,
*.
■
Bethlehem Steel
ioab
: •
2.5%)—J
external sink fund
1116% m
45 Va
46%
I—
Sep 4 1946) due....—SjOOO
Ref ti gen ser F; (Int at;i%: to v:
Sep 1 1946) due——»-199&
2%s
Stamped pursuant to Plan A.
•
2
(State of)—
A8s extl loan of 1Q21
,
104% 107
•
101%
101% 103%
%
2001
Stamped pursuant to Plan A
:
—
83%
•
■i
(Int
Rio Grande do Sul
125% 131
due-i———^iFeb 11960
.
Stamped pursuant to Plan A
-
,124
124
..
Queensland (State) extlGs—1947
a«.
.
,
APrague (CUy of Greater) 7%sl..l9j»2 ;
ARio
108
131% 139%
Pgh L E & W Va System-^
Ret gold 4s extended. to—**1951
\'t.'y.S'west Div 1st M (int at 3%%
2001
;__1960
-
to
105%
55
59
■
^
?
Stamped .pursuant to Plan A..
reduced
m-
103%
,
—'
111% U2%
11.7
(int afc 4%
r?
due-^j——-WW
D (int at 1% to
Ref & gen ser
;
—__1961
(Int reduced to 2.375%)—
(Int
*102%
-.
112%
>-?. fRef 3k' gen jser q.
V. to: Dec 4 H946).
1947
■
AExternal loan 7VaS
f—
1st mtge gold: 4s—
; Jply 1^48
Btamped madlfled bonds—:
1st mtge gold (int at 4% to
-OS lOct M-4946) due—
^-July l94B
■'■VQBfit &-gcn ser A.Cint at 4%49';
*
/■,
92%
100
—
99% 100,
1960
f 7s
s
107%
131
130
Second mortgage >4s_.
_1948
Refining 2%s debs—.1966
1940
£4
A4Vis axijpnteH
.
*12714
Atlantjc
1961
ser
gold 6s
AStablllzatlon loan
103 % 105%
105% 10678
10
1947
f 6s 1st ser
s
Loan extl
" 103 VV .107 %
101%; 102
1994
1967
-
A4 V2s assented
:
*103>
—
139% 139%
Atlantic Coast
i
......
ANat loan extl
27
-
10
<
1st cons ,4s——July 1952
General^unifled 4%s A„
.-1964
Atlantic & Danyille Ry 1st 4s ,i,1948'.
Stamped pursuant to Plan A
, (Int
reduced to 2.125%)
2008
APeru (Rep on external 7s
i_—JL959
JAPoland
'
106%
Jan
107% 108%
143% 153%
103-107%
34
106% 106%
?96 i
96
105%
v
A-0
60
46'
105% 105%
^
,
A-1963
ser
ret 3%s series B
sec
Q-j
A-O
M-
,
Atl
101% 103
106% 107%
106% 107%
1965
AStamped assented 5s
Stamp mod 3 Vis ext
Ext
102
—1956
4 Vis
High
100% 102%
111
107% 107%
106% 107%
107 %
,
71
149% 151-;;
149%
A-0
r
tund extl loan-
APanama
F-A
108%
108
-
(Kingdom of)
External
Low
102% 102%
-i
108%
^
.-1595
Adjustment gold. 4s——Ju(y.l 1995Btamped 4s—July 1 1995
Ruok $ Nor 1st gold 5s_^—:-1940
Atlanta & Charlotte Air
Line Ry—
1952
.1959
Wales (State)—
External
Norway
' i.
!
General ;4s—
102% 102%
January 1
Sold
No.
5
(111)—
,
;
1st mtge 3 Vis series E
L——i,964
Atchison ToReka & Santa Fe—
J
External a 4
Range Since
Bonds
Arpaour ft Co
2.125% >...2008
6.s series A
New Sou to
I
,debentures—----.—-£---^-1980
Ann Arbor lst gold 4s—%r—199#
i
1959
*•
'
2%s
2% debentures
—li—i_l975
Amex Tobacco Co deb 3s——,—,. 1962
3s debentures
——-——£-—-1969
A
Anglo-Chilean Nitrate deb——-.1967
I
1951
f 6%s
s
A-C
Jlf-S
M-S
15%
High
American Telephone ft Telegraph Co.—
—
Stamped pursuant to Plan A n dd
(Int reduced to 2.125%)—2008
A
Alleghany & West 1st gtd 4%——1998
Am & Foreign Pow deb 5s
2030
I
11%
•
Bid & Asked
Sale Price
Period
(
15
Friday Week's Bange
Last
or Friday's
Interest
High
Mexico— (Continued)—
A
Broad way pd
Telephone—DIgby 4-4933
of
48%
54
deposit——
*105% 107
Bush Terminal 1st 4s——.— 1952
Consolidated 5s-li—.-1955
101%
100
5?
55
104
105%
98
102
107% 107%
104% 107%
107% 107%
108%
Bush.Tenn Bldgl 5f gtd———^..196Q
106% 109
;
:;
'
>
•
661% 661%
.^Stamped pursuant to Plan/ft
(Int reduced to 2.25%)
extl dollar loan
a 6s
2004
California
—1968
IA Secured
s
f
7s
Serb'
reduced
to
Croats ft Slovenes
secured external
A If
series B sec extl__„„
t Prov
Guaranteed
Guaranteed
Guaranteed
—1962
—1962
ac-uxUp)
Extei nal sink fund 6s
6s
.Certiflcateai of
,
External
3%-4%-4 ft
conversion-
1978
readjustment
1978
3%s extl readjustment
1984
A Warsaw
(City) external 7s
A4%8 assented
—1958
1958
Railroad and Industrial Companies \
{Abitibi Power ft Paper— tfdd'
series
A
stamped
1953
Express coll tr gold 4s
.1948
Soil trust 4s of 1907
1947
10-year deb 4Vis stamped
1946
Great Southern 3%s_—1967
Alabama
Ambama
Power 1st mtge 3%s____ 1972
Albany Perfor Wrap Pap 6s
J948
with
warrants
assented
1948
Albany ft Susquehanna RR 3%s—1946
Gen mtge 4%s
1975
For
footnotes
see
page
1749,
119
124
123%
114%
116%
101 -ft
101 ft
102%
120%
108%• 121
1949
-
-
",(
-
.
' J
1965
Adir 1st gtd gold 4s—1981
Celanese Corp 3s debs—-—'—1965
ACent Branch U P 1st gold 4s
1948
tCeoliral of Georgia Ry—
f
<
^ >
A 1st mtge 5s
.-I
—Nov 1945
5 AConsol gold 5s
1945
ARef ft gen 5%s series B1959
ARcf & gen 5s series C—
1959
AChatt Div pur money gold 4s—1951
AMobile Div 1st jgold 5s—-^.—1946
1979
extl conv—
4-4%-4 %s extl
117%
Cart ft.
($ bonds of 1937)—
readjustment—
1979
External
125%
116% 118 m
.
deposit—
/
Carolina Clinch ft Ohio 4s
1964
:
82
108
118%' 125
122%
'115% 1153/4
120
107%
122
121
122% 123
deb stk perpetual
1960
3%s 4 4%%
6s
*117% 118%
*123% 124%
101
fac Ry 4%
.
/
116% 116%
1969
,J—1970
.
IX^nal sink fund
§A5s
'—pet
125
4%s——f-*—1955
4%s
-—1956
4%s
1951
gold
gold
gold
IfACarolina Central 1st gtd 4s
B f OVfcS
——1955 t
(Republic) extl 8s
1946
/•
.•dams
gold 5s
125 ■<
Canadian Northern Ry deb 6%s—1946
-1958
Sydrrv «Ctty)
„
1122Va 122%
Can
of) extl 7s——1958
A4%s assented
*108
3V«s™'—,i—1974
Guaranteed gold 5s
1978
(Kingdom)—
A8s
A8ile> la
Guaranteed
-'
3.5%)—.
-1968
3%s_
Power
Canada Soutnern cons gtd 5s A-—1962
Canadian National gold AVui
--1957
1940
Stamped pursuant to Plan A
•-'.v.-'- .Int
Elec
Calif Oregon Power
Stamped pursuant to Plan A
(Int reduced, tp 2%)-4««.—-2012<
Central Illinois Light 3%s-w——1960
y-
*102%
.
■
—
61%
A4s
•
registered
■
.:——-1987
393/4
56
44%
52
—
4s_
—
—
107
—1974
Central Pacific 1st ref gtd gold 4s_1949
Guaranteed gold 5s
1960
..' -,..(4%%
44%
-1987
Y Power 3s
1st ft ref series
*116%
."——1987
42%
registered
Central N
100
;
105 %»
44%
AGeneral
107% 107%
100
108%
100%
A5s
__
100% 101 %
•10434 108
*100
108
fACent New Eng 1st gtd 4s
—1961
fACentral of N J gen gold 5s—,—1987
108% 109
*104%
1949)
—1974
107%
107
60 y8
108%
110
106% 106%
105
107
•1123/4'
,
108%
108% 109
,
A
to Aug 1
44%
;
<
4Volume 163
Number 4477
I -THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
range .for
BONDS
New
York
Stock
Exchange
Week's Range
Last
♦
pr Friday's
Sale Price Bid & Asked
Interest
Period
YYiY/YYY; Y;■■■ ;v;'vY/YYYY
Low
§ A Central RR & Banking Co—
5s stamp (partial redemption>..1942
A.OhiU
■
■'[ -X
■''?
■;
J-J
hei
it
linpt mtge 3%e D
impt M 3%s
;j,
Potts Creek Br 1st 4s..;-.—.,..1946
R St Aj Dxv1st cons
2d consol
gold 4s
Low
NO,
105% 106 :
105%;
' 49%.
H
J-3
gold 45-,—1989
1989
g A Chicago & Alton RR ref 88—— 1949
Chicago jo urung ion & Quincy RR—
6.1#
A-0
;
i
104% 107%
;
135
1,
54%
476
:
5s
1st & ref mtge 2%s.—
Chicago 6i Eastern 111 RR—
AGen mtge inc (conv)_.—_.—1997
1st mtge 3%s ser B
_1985
gold 5s
1st
Chicago Or. West
A—Iors
81%
v
;■■/ J-J
.
*140-
:
!'
gen 6s series
**
1
«
i\*;1v
F1
ri
^
A—.—
Gen
mtge
4%s inc
4Vis
conv
inc
ser
J-J
.
<v< 11
'
2019
J-3
106
Jan 1
2044
J-J
J-J
\
,
25%
partial redemption
Y*
1927
{Chicago Rock Island & Pacific Ry—
.
97%
115
324
98 Vi
r.:
.2
..
•
28
*1031/4 105
J-3
i
J-3
1994
39>/4
•
Y
:
,
100
Y
»108V
Y.
: 107% 108
81-
112V'fl
*
M-S
A-O
'
111% 112%
105% 106
105%'
:
60
393/4
107% 107%
Y '
29
mtge gtd 3%s series E—
.1969
F-A
1st mtge 2%s ser X3—-—
Cleve Cin Chic St St Loula Ry—
r
112% 112%
;
.1974
YY
'
v'.St L Div 1st -COU
tr
Y,
.
.
-
,
Y;-^Y
'
t
•'
;
Cleveland
St
Series C
•
_
.
1970
gtd
•115
119%
.
.
J
.
•sHY
.*109.*, Y2
:JVV-
Y109%
Y
Y.*
110
K %'?.:: y-*Y:/?f
.
U-J9
l8t i 9 5s series B gtd——.——1973.
1st s f 4Vis series C—.—.—1977
-
\
116*
i
;
1st extl gold 48..1948
Columbus A Sou Ohio El 3 Vis
1970
Columbus A Tol 1st extl 48
1958
107%
YJ0T%
106%
A-O
105%
.
1st
,
106:106%
,113%
110
106
11 v
Y
M-S
-v
F-A.
f 3%s
Consolidated Cigar
Corp
A—;—1°f*
SViS——1965
Consolidated Edison ol New
3 Vis
•ill
•"
102% 104%
40-year
109%
lllVa
116
V.2,
105% 105 Vi
102%
3Vis debentures—.——^.1958
J-J
104 %
{AConsol Ry non-conv deb 48—1954
A Debenture
4s.——4—
1955
J-J
>102% 102%
104»/2 105.v.
70% 70%
J-J
..70-
4s
195S
Power
1st
2%s—1975.
mtge
Continental Baking 3s debs..——^1965
Crucible Steel 3 Vis s f debs
1955
(ACuba Northern Ry 1st 5ViS—1942
A Deposit
receipts.
A7Vis
—.1952
A
,.1946.
A6s ser
1946
Curtis Publishing Co 3s deb—.—195b
70
68%
M-S'
5
v
106%
.
105%.. 105%
7
..
35
-
102
:
76
67%
75
103
Vi
58-
46
«
50
84% .86
45
J-D
59%
47%
.84%
.45
v
:50%
A-O
59%
>
-
44
53,'
48
*99% 100%
Deere & Co 2%s debs—•—i
;1965
Delaware' & Hudson 4s extended—1963
A-O
Delaware, Lack & West RR
N Y, tack & Western div
1st
&
ref M
5s
53 %
53
A
A Assented
ARef & impt 5s series B
Y
4
;
Detroit Edison 4s
series
65%
67%
234
>.1936
64%
793/4
J-J
67%
67%
68%
74
671/2
80
153/4
27
F—
F-A
23%
22'A
24 J/2
131
F-A
23%:
22%
243/4
272
A-O
143/4
27
63
62 J/2
64
19
62%
1965
A-O
A ref
mtge 3 Vis series G—1966
3-D
*1061/4 1073/4
M-S
3s series H
—.1970
Detroit A Mackinac 1st lien
gold 4s 1995
;
Detroit Term A Tunnel 4Vis
Dul Miss & Iron
Range Ry 3Vis
tSADU Sou Shore A Atl gold 5s
Pvauesne Light 1st M 3Vis
For
footnotes
see
page
1749.
1995
21961
1962
.
76
Y.YLYY
A ref
gold 4s
*109%:-^
RR—
.1978
J-D
1
106%
•?
74%
74%
51%
*119%
1061/4 106 J/2
J-J
481/i
105%
■
1061/4
?-9
Y
511/a
A-O
J-J
110
74%
Af-N
1966
106% 108
110
J-D
1937
*75
49%
1051/a 105 %
i.
90 1
/y is
16
171/a
104
104%
J-J
1067/8 106%
•
1033/4 104
9
102%
104
103'/a 103%
3 ;
103
104
M-N
110% 110 y8
5
108% 1*0%
.
-
32
173/4
5
103%
104 »/a
3
105%
1067/a
'
Y
/147% 149%
149%
104
.140% 149 y*.
104
100 y4
Y 8134
82
J-D
823/a
F-A
78%
A-O
39%
78%
39
I
104 v*
80
jyii3.%"Yi^
M-N
104 Va
1003/4
*1033/4 104%
J-J
83
112% 113
793/B
41
75
80%
37
#5
lines
3%s—
'
(,—.41955.
i_—1952.
.
M-N
J-J
M-N
101%
M-N
108-
104%
104
105
.
/
104% 104%
: >
104
104 y8
.
4%s^——a—^->.1969
105% 105%
*66
A-Q
105
/
95%
:
108%
03%.
97
*105 ye 111%
J-J
*102%
105% 105%
1015/e 101%
102%; 102%'
J-J
*101 % 105
101
*104% 106
104
J-J
*io3y»
*1057/e
105% 106%'
*105%
105% 105%
J-J
F-A
1015/a
F-A
■
103
'106
101%
102
102%
105%.
:
.
.,1963
J-D..
J-D
,1963
,1970
102% 103%
102%
J-D
J-J
,
983/4
98
99
93
93
4
Af-S
J-J
106%
105%
106
110%
102
114%
107%
■
107
106%-; 107%
87%
'493/4
82%
83
1st gold 5s series C
1950
J-J
82
1944
A-O
1947
J-J
Internat Paper 5s series A A B
RCf sink fund 6s series A—
1955
~—.—1959
96
1043/4
mi
A-O
:
100
92%.
*195%
J-J.
'
103%
96
'
105%
105 %
105%
J-JY
'
100
93
J-J
Debentures 9S
81
102%
1053/a
10
95% ■96
106^%
105%
100'/a
.
J-D
A-O
B
103
102
6
J-J
1951
series
103% 106%
14
1073/4 108%
..
—
58
51
,101% 102.
i._—-1956
5s
r
Y 1043/4 105%
F-A
108%
1043/4
*104%
*io4ya
Af-S
4a.—a.^-1953.
5
*105%
J-J
——1952..
108%
108
J-Jv
>
88%
503/4
^
44
82%
62
47
98
/,
54V4
•18
76%
92
82%
20
Y 77 %
92
98% 99%
102 y4 102%,
175
93%
5
102 y4
99 V*
103%
Af-S
*1073/4
105%
108'/a
Af-N
*103
100
103
1013/a
103%
105
106 Vi
J-J i
■
102%
>io6%:
F-A
102
1053/4
83
/
r:c;•**:«?;: .v.-..-,'
:
-
V
•
■■■■
v-<r
;V;":
'1;
J-D
102
J-J
1033/4 104%
102%:
■
98
102%
103% 105%
■
1st gtd gold 4S..1990
City Fort Scott & Mem Ry—
{ARefunding gtd 4s..
u._
1936
A Certificates of deposit—
Kansas City Southern Ry 1st 3s.
1950
A-O
*107%
107%
107%
Kansas
66%
,*'Y Y;? '• Y /
Feb
.A-O
Kanawha A Mich
J-J
Gen
A Second
70%
1936
--
107
Vi
62
69'
70 Vi
Gen
a
100
60%
-J.
1955
107
104%
1
:•
A-O.
—
105%
1951
Jilhieb Frankf A Clear 1st 4s_—^>.1959
Jonds A Laughlln Steel 3y4s.—
1961'
1973
IA 1st consol 4s
J AConsol gold 4 Vis
{Denver & Rio Grande Western
V A General s f 5s
•
100
May 1 2042
{Denver & Rio Grande RR—
76
67
106%
107
V
3s
108
106 Vs 106 y»
105% 1061/8
Y
M-N
1981
JAIntcrpat Hydro El deb 6s—
100Y 103%
106% 106%
u-ik
Delaware Power & Light
110 &
109
106 '/a
*106'/4 106%
J-J
J-J
,
Springfield Div 1st gold 3%s
1951
.Western Lin.es 1st gold 4s—.1951
Registered ,.—J—'
A 1st
:
105% ios%
106 Yt
Jf-N
ser
division
105%
.*103%
M-N
C————1973
Essex
coll tr 4-6s
Y'; V~
3-D
Co—
mtge due^——1993
Income
Morris &
107
106% 1073/4
35
A-O
'{International Great Northern RR—
.'
A 1st 6s series
A—.—a..———,1952
AAdjustment 6s series A
July 1952
,
A-O
3
32
1053/4 106
J-J
-
Int Rys.Cent Amer 1st 5s B
,..1972
Tnt Telep A Teleg deb gold 4y2s—1952
Dayton Pr A; Lt 1st mtge 2%s—.1975
Dayton tnion Ry 3 Vis series J5—1965
109 %
109 y8 1091/4
105% 100%
Feb
.2015
tAInd A.Louisville 1st gtd 4s
..1956
Indianapolis Union Ry 3Vis ser B.1986
Inland Steel 1st mtge 3s series
F_,196l
48%
,
49%
50%
.
134
A-O
Illinois ,Terminal Ry 4s ser A
1st gold 48__——1950
104
47%
*51
-
-
iha Til A Iowa
104% 108%
102% 106:
84%
J-D
140%
127%
•
1951
...
76
67%
.•„/
105%
.*57%
•',•
■
J-J
122%
136 y«
J-J
J-J
J-J
-
1st & ref 4%s series C....——1963
1st Tef mtge 4s ser D__
v
106%
67
*102% 103%
J-D
104%
,;
104%
68%
105
121%
2
j-j
.
—a—4..I99I
ni Cent and Chic St L A N
O—
Joint 1st ref 5s series A
101% 103
54
v
108% 108 Vi
J-J
3-D '
.
deposit rets,
B deposit rets.
ser
101% 101%
J-3
...
ACuba RR 1st 5s gold—
A Deposit
teceipts——
105%
i
A-O
Consumers
Y 1
■
3Vis debentures———^—1956
A Debenture
■
■
101%
17
16
J-J
1975
Gold 3%s
_
>
.
140 3/8 140%
1331/4 134
J-3
J-J
•
116'118
102% 105%
!
4-
121% 1221/4
•122
J-J
1976
Bridge gold 4s._
:
...1950
Litchfield Div 1st gold 3s
—1951
Louisville DiV A Term
gold 3%s_l953
Omdha Div 1st gold 3s__
1951" '
St. Louis Div A Term
gold 3s
1951
106%
i';Y
106% 106% i
A-O
1952
Refunding 5s^.—1959
Cairo
i
A-O
.—.1948,
*102%
";.64 7
.
.
118
104% 105
J-J;
Collateral trust gold
Y79%Y84%'
106%
yorx—
debentures
116
116
J-D
—.....1973
••58
60
vv-'Y
J-I
116
..1947
1959
89
82"%
88%
58
M
gold 4s.
Purchased
116
<
r
-
s
Refunding 4s
*
25
*110% 110%
109% 109%
..1934
Extended 1st gold 3%s.—
gold 3s sterling
.Collateral trust gold 4s.i.
/
u.
F-A
:
6s
YY— 'Y;
^87Va
60'
1st
108%
.
.105
23
YY'Y Y;
*JOQ%
*112
88
J-J
E—u—Ji——1977 ?•••
1st gold 3%8.i.^
lie
106%
8 :
103% 104 %
.
F-A
s
90
88'/a
106 3/a
104
106%
*105 ye
J-D
M-S
Oct 11945
Cilnbis Bell Telep 2%s series A
Hlinoid Central RR—
> 24 Y
Y79.%Y80%.Y
J-J
A-O
Conri River Power
■
108'A
/ .f -)
106
106Vi
-^05% 1Q61
H-T*
J-J
-
■
AAdJ income 5s———Feb 1957
.A
3s. series L........——1977
Conn Ry & L 1st A ref 4 Vis..
1951
mtge
»70
93%
105%
.
Commonwealth Edison Co—
1 st
—
131
*74
M-N
100
•
V.
Columbus A H V
6s—...1950
V
/
f 5s .series A—1962
Hudson Co Gas 1st
gold 5s
—1949
Hudson A Manhattan let 5s A
1957
98%Y98%^
•97
Y
'YY'Y
116
107%^''
,
,-v
i-
Hudson Coal 1st
*106%
116'
A-O
Colorado & Southern Ry.—
4Vis (stamped modified 1^.
1980
.Columbia Gas & Eleo deb 5s———1961
coll trust
103%
Af-S
Ry 1st 4%b
1999
{lAHOusatonle Ry cons gold 58a„1937
Household Finance Corp 23/4S
1970
111% .121 :
•
*104%'Y2YV',Y.
F-A >
A-O
J-D
A__,——1974
deposit—
Jtbckln£ Valley
<112%
93 '<*y> y(-'3Y A-89%
-92%
M-N>
112
.
? 108
1
A-O
85%
;*95%
100:
103% 107%
■:
'
J-J
•Series D 3%* gtd——1950
1033/4
80
90
.
*100
:
1st Ss tef 3%s series D;
—1969
Golf. States UtU 3%» series D
.1669
46 ■> •-103% T07
'"J]
.....1948
100
87 Va
.
60%
Y88.
••
J-D
Cleve Short Line 1st gtd 4Vis
1961
Cleve Union Term gtd .5 Vis——1972
v%
Y106% 106%
.
J-J
106%
102
1061/4 106%
Af-N
J-3
—
108
56%
9 ;?■
.
2
:/'V'
Y
3s_^__"
Flttsbnrgb RR—
3Vis
Y60% v60% V
:
J-D
gold 4s——1990
-
Cleveland Elee Ilium
60%'
.
F-A
General gold 4s
——.—1993
General 5s series B——.—.—1993
Ref A impt .4 Vis series E———1977
Cin Wab St M Div 1st 4s.
—^.1991
>
v >f
Greyhound Corp 3s debs
Gulf, Mobile A Ohio 4s series B
1
Gen mtge inc 5s series
A—
.
::
104%
*106
Y 56% Y 60%
;
A-O.
<
106
*__
M-S
mtge 3y8s ser K
1960.
mtge 33/ps ser 1^—J.—.i.1970 :
V 'Gen mtge
3%s ser
..Jl1980
Gen mtge 3%s ser
N__u..—1990.
Gen mtge 31/es ser
O,———
2000
AGreeh Bay
A^West deb ctfs A——~
ADebentures ctfs B_.
-
A-O
;
Certificate,
Gen
Y23-1' -110% 112%
I05%107sv
29
.1975
:
102%
1031/4 1033/4
J-3
M-3
..1971
Gen
' 108%
IO41/2
#
42
,
•'
60%
-
.
■
Af-H
Terminal—
A
>
General 5s series C
General 4%s series D
General 4%s series
•
102
107
.1957
Union
■
106%
106
*104% 105%
;——1953
:
Great Northern
Ry CoGeneral 51/uS series B
106% 107:
96%
99%
.1952
1st
G———2000
1031/4
98
1031/4
1041/2 104%
J-J
106
104% 105
A-O
Certificates .of
deposit—j.!.—1—
Goodrich,.(B F)_Co. 1st mtge 2%S_1965
Grays Point Term 1st gtd 5s
.
•.
J-J
.1943
ser
1st mtge 3y4s
<.
105 %Y 107%
*
Y
.*107%;;:.
j-y
98% 99%
J
•J-J '<
3-J
100% 102
100% 101%
196*
A Ala Ry 5s
: Certificates ®f
deposit—
{§ AGa caro & Nor 1st
ext
71
66;-:
'
69% '.71%
J-D
1st mtge 3 Vis series F
.1981
1st mtge 2"Vis ser O
1963
Chic St West Indiana com 4s...—. .1953
1st St fef 4y4s series D-^--—i-. .1963
100%
44
101'% 101%
1990'
F—
ser
{AGeorgia
89% 106%
92%
92%
59% ,72%
.
66%
*100
98%
66%
93%
37%
•106%
.96%
106% 107
70
62%
Af-N
,
ser
H
ser
102%
1063/4
Y' 117% 127
6
j
Gas A Elec of
Berg Co cons 5s
..1949
General Realty :& Utilities
Corp—
*
A4S cdnv inc debs—i,.
>-.-.1969
107%
93%
102
»...
Chicago Union Station—
'Cincinnati
2s
157
1051/a
,
_.
—
101%
J-J
series'A..'—2015
mtge 31/as
mtge 31/08
Div
*122
J-J
1962
deposit-,.——
•.....
86%
Y'
—
ai%
•
103%
180
844
J-D
.1994
cons fts_.
A-O
3%s..—:
30 %
110
Chicago Terre Haute Si S'easterh Ry
{ADebentures 5s.part paid.,,
——.,—^..1968
A Fuel
Francisco Sugar
105% 105%
y. 67
.107%
J-D
1951
Y2AY
'
107%
*X5%
A-O
•
•
■
20% \26%
27%
*106%
.
M-S
—
t A Choctaw Ok & Gulf
126 'A 126 3/8
{Florida East Coast 1st
41/28,.——1959
A 1st & ref 5s
series
122
100
97 Vi
...
AConv gold 4Vis..,
Chicago St L Si New Orleans 5s—.1951
Gold 3Vis
^.^....1951
tSAChilds Co deb 5s part paid.
cons
157
'
A-O
Firestone Tire'A Rub 3s
deb
1961
{AFlorida Cent Ac
Peninsular 5s—1943
Certificates of
99%
106
23*
94%- 95%
•
'
J-J
.
.
.1952
Income
cons
1201/4 121%
3
102%
*155
!
83
75'A:
.120 •
107
106
-
F-A
:
AGeneral
Memphis Div 1st gold 4a-
.
105% 105%
94%
1st mtge 3s ser
B.Y-y.^i^-4 j^-1989vJ-J
t J a Chicago Railways 1st 5s stpd
IA Secured 4 Vis series A:
.
*109
105%
Chicago & North Western Ry-» •
/
2nd mtge conv inc 4%s..Jan 1 1999
High
*'
J-J
4s >—
../1988.
A Certificates Of
deposit.——
{ARefunding gold 4s——._______1934
cons
Y: 1st
Y let
131
^25 "
-y<y
J-J
A Jan 1
ser
.94
':
112
21Vi
January 1
Low
Y; 12IV2 121%
M-N
J-J
1965
Y
88
102%
107
.1994
B
%
122
:
%
J-J
M-N
Chicago tnd St Sou 50-year 4s..;—j1956
Chic Milw St Paul St Fac RR-r
♦
1st mtge 4s ser
-.
75
121
J-J
B.—May l966
~
1st
103
•99
High
*1051/2 1063/4
statnped...>.i
Ohio
194
Low
Af-S
.
-
v
119%
Y;
Range Since
Sold
No.
...
.
98%
.771/4
77
3-3
.
;
&
lUlVi
••••'•'•
'ij:-
98
-
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a 1st
•
117% 119..,
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106 y4 .:YY:
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A Gen ino
mtge 4l/as——..Jan l 2038
{Chicago Ind &. Louisville- By-1- ;
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ARefunding 4s series C
1947
A 1st 8s gen 58 series A..;..
;.1968
.
I02y4io2y8
J-J V
—1982
1st 4s series
•.105% 105%
•
116 Vi
7
32
56
•\
' v;
Af-N
v
.
& Erie
?
v
•
Bonds
4
*102%.
1st cons
mtge 3 Vis
!
11
119%
119 ; 119
,
F-A-a
YY-'/,:,.:
;
119
.
F-A v
;-1970
'
Chicago
J-J i
: F-A
.
:
Friday's
or
Bid & Asked
J-D
Erie Railroad Co—
Geu aitgo inc-4%s
•
General 4s.^
i^.^.tCii»-«;-1958
1st & ref 4%s series B——.4....1977
1st & ref mtge 3y8s_
—1985
&
jEmpire Gas
i
64%
Week's Range
Last
Sale Price
debB_._»._...—1950
East Ry 3V48
1970
El Paso & S W 1st
5s
;
135%
Elg.^ Jv.Het
Y'i
61%
Interest
Bast Tehn Va & Ga Div
1st 5s____l959
Ed F7 til (NY) 1st cons
gold 5s
1995
Ele-'Anto-Lite 2V4s
—
60 Vi
v
Friday
.
'
107%
.
v
—
*125 Vi-
-
•
150%
105:
*100% YY
*129%
*
W
.
144
105% 106%
•
,
Exchange
.
,103% 105 Va
149 Va 150%
106
Stock
High
48Vi-
*105 V* 105 3A
F-A
York
Period
1
150'/2
M-N
1996
j
New
January 1
v,'
—
M-.9
>-1996
series E
Range Since
Sold
■
General gold 4 %8-.__.—...—..-1992
Ref &
29
bonds:
Bonds
High
*48%
Champion Paper & Fibre deb 3s—1965
olJCoctp«;»&U
week, ending march
Friday
15
v
1
yl
8
14
11'
109
106s/a
.
109
109
110%
63%
75
45%
1st
mtge 4s
ser
A
4——_—1975
Kansas City Terminal Ry 2%8
1974
Kentucky Central gold.4s————1987
Kentucky & Ind Term 4%S--:-——.1961.
Stamped
s
Plain
Y 4%s
t
1961
.—.1961.
unguaranteed
1961
yl
[
81%
81%
80%
83 %
"a-0
107 Va
107 % 107 %
105%
107 Vs
A-O
104
103% 104
103 %
104%
81;
80%
80 J/2
A-O
J-J
*107
*71 %
108%
108 3/a
J-J
1047/8
75
105%
122
65%
108%
72
108%
108%
188
188
106
107
•lll'/a
J-J
85%
122
*120%
;
J-J
J-J
81
82%
*1051/8
Kings County El L A P 6s
—41997
A-O
Koppers Co 1st mtge 3s
tAKreuger A Toll 5s ctfs
1964
A-O
.1959
Af-S
188
188
:
*106y2 106%
,:;•:•
5 Va
sya
43/4
5%
51%
117
119 %
1053/4
48%
,
;Y
A-O
107
.
54
104y4106
Lake Sh A Mich Sou gold 3%s
3%s registered
Jl997
..1997
*115% 117%
115
115%'
110
115%
108
115%
V\
"ftv
",1:-.."--. V"
:-'ft
V
•; ■..ft.• ft.'-•>. ".H'
'
Vc'%.
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Friday
ftftft;ft':-ftft BON 0 B
York; Stocks-Exchange
r
Interest
-
Sale Price
Sold
Bid & Asked
Low
No.
High
New
Range Since
January l v.
Low
&
ref
1954
sink fund 5s
Valley RR—
modified
;
registered
;
—
4%s stamped modified
v;>
4%s registered
5s stamped modified
97%
A Debenture
99 V
99
?:
88%
50 '
62%
62%
73%
*
91%
;
133% 136%
J
83%
118% 120 %
stamped-—
ftft 4s
Lorlllard (P) Co deb 5s——
*
'
-
106%
118% 120
105
106%
105% 107%
ref
M 3%s series F......2003
111%
ref
M 27/8s
104
I
110%
111% 111%
103% 104
113%
100% 104%
{
*105%
102%
105
1
.1959
*118%
118
119
*—.2003
gold 3s
Atl Knox ft Cine Div 4s
—
,
241
72%
83
47
87%
93
46:.
282
78%
177
registered
1997
Gen lien ry ft Id gold 3s
Jan 2047
3s registered
2047
"Ref ft' impt 4%s series A——2047
Ref ft impt 5s series C
Ref ft impt 5s series D
r
'
2047
2047
—
47
11%
:: 15%
106%
:;V
2
102 7/8
90%
2
:
5
105 ya
107 y4
105'/a
108%
106% 106%
68
68
3-3
>40
C
F-A
:
Jf-N
100
ll-S 1
108% 108%
102% 103%
y
A-O
140 Va 140%
X
Q-P
90%
Q-A
J -J
109
3-3
138%
132
132
'
'
•
90%
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110
107
111%
111%
I
9
14
80
104%
106%
102%
105%
102%
104% 105%
105
105%
'•107%
44
'
122%
85% •94%
90%
r4? 82
25
109 7/a
127%
ft:
86
110% 111%
110% 111%
;
115%
120
54
-94"
109
111%
j-j
140'/a
126%
-92%
89%
•
71
59 y8
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94
•
103%
100%
135%
■
125
i".
.
58
69
•130
126%
'/i
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138%
66 %
Q-J
Q.J
49
108%
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J-J
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;
32%
192'
44%
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42
32%
I:-:'" 97s-: 100 iijv
29
<100
-43
75
68
39%
"
29
J-J
90%
86%
7
•>,
44
*
29
P-A
2%s.—
—.1974
1st mtge 2%s
—.——1975
(Wise) 1st mtge 3%s—
1964
111
21% K 26%
127
106'/a 106%
P-A
4%s
109%
V
105% 105%
'
M-S
trust
81
22%
•90%
1975
Coll
'f'
50
71%
11%' 12%
Jf-S
4s
34%
,
106%
jf-s
lien 4s—1997
75
105%
Jf-S
1974
ft ref 5s
Northern Pacific Ry prior
>
.1980
G—
-11
v
110% 110%
M-N
Gen ft ref 4%s series A——1974
s
70%
•21%
A-O
i
103% 106%
78
82%
'-11%
-
1st &
ser
-22%
J-D
North Central gen
120
105% 105%
1st &
St Louis Div 2d
M-S
1998
78
44%
k
Jf-N
AGen mtge 5s conv inc
.2014
Norfolk ft Western Ry 1st gold 4S.1996
.V
103% 103%
103 i'4
I960
& Nashville RR—
ft.!'-•".'••.•:/
67%
100
92%
73
68
1955
Norfolk Southern Ry Co—
1st mtge 4%8 series A
5
106
__
1969
Louisville Gas & Elec 3%s
\
75%
190
76%
M-N
.1960
77%
75
65
67%
65%
J-D
3-3
68
.73.
•;.;
79
1967
4s__
Niagara Falls Power 3%s
ft
120
1963
Louisiana St Ark 1st 5s serieB A
Louisville
107% 107%
:1951
debentures
3s
107% 107%
l(U?
-
..., ,
107%
107
1949
gold .4s—
;ft|
106% 107%
106% 107%
——1949
..
'
Guaranteed .ref
January 1
Low
High
91%
;
J -J
A-O
1957
Light 1st.mtge 2%s_1975
1993
19e5
N Y Steam Corp 1st 3%s
1963
HAN Y Susq & W 1st ref 5S—1937
IA 2d gold 4%s
1937
: ,|AGeneral gold 5s
1940
A Terminal 1st gold 5s
1943
HAN Y West ft Bost 1st 4%s_
1946
?
v
—1962
f
Range Since
Sold
No.
73%
-
.71%
3-3
N Y Queens El Lt ft Pow 3%b
^
54% i 69
2003
series A
Long Island unified 4?
Bonds
70%
71
N Y ft Putnam 1st cons gtd 4s
52
1963
—1951
4s
1940
4s
N Y Power &
'1
65
" 60
2003
Lehigh Valley Terminal Ry. ext 5s.l95l
4*.
•• :'
70
68
|AN Y Ont & West ref 4s__-June 1992
94%
51%
—2003
•*., 'ft:
„
64
68%
%
A-O
I a Harlem River ft Port Chester—
: 1st 4s
.1954
A General
—2003
Liggett & Myers Tobacco 5s
1948
T.m
A 1st ft ref 4%s series of 1927
.
87
80
—2003
Little
6s
deb
IA Collateral trust 6s
98
*98
ft..
3%s.—1956
Debenture certificates
AConv
'
;
Lex & Eastern 1st 50-yr 5s gtd
gen
Jf-N
....
__
-1950
4s
Miami
Friday
Week's Range
Last
;
Or Friday's
Sale Price
Bid ft Asked
Low
High
J-J
1958
deb
deb
a
101% 101 Vi
-1954
gtd 5s_.
Lehigh Valley N Y 4%j ext
stamped
1955
4s
ANon-conv
ANon-conv
"■98
..197V
Leb Val Harbor Term
4s
4s...
3y8s
—
»97
-1974
stamped
Lehigh
Jf-S
3y8s
deb
*101% 102
„
101V4
-1964
5s:. stamped--*--....^..,.
lst & ref sink fund 5s
•
V. /. *. \
Jf-S
1947
1954
4s
deb
5;
-1964
--
••
30
—.—1947
deb
ANon-conv
*106%
~
-1954
5s
••
High
ANon-conv
stamped...
.
■*'
.
r:
Interest
Exchange
Stock
York
AWon-conv
1st St ret sink fund 5s
5s
'•
■
IN Y New Haven ft Hartford
A 1st
mtge income reg
Lehigh Coal & Navigation Co
S F mtge 3%s ser A
Lehign valley coal Co—
1st
' '
'
Period
Lautaro Nitrate Co Ltd—
-
ft''
O N 0 8
Bonds
Friday's
or
•'
MARCH 29
WEEK ENDING
FOR
Week's Range
Last
Period
New
RANGE
ft
RECORD
N EW YORK BON D
•
'I
!
...ft.
.
^ftXftftftXft'ft^ftftX'J
■
."'ftftft.ftft#*.'.
v-THE-COMMERCIAL',&»FINANCIAJ§l!iiRONieCj^
■
106%
Northern States Power Co—
1st mtge
<
Maine Central RR 4%s
1st
mtge & coll
Manati
4s
A——1960
ser
88%
RR (Southern Lines) 4s
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s
1950
*§AMet West Side El (Chic) 4s—1938
Micmgan Central—
Jack Lans ft
1st
gold
Ref
&
75
ft
27
108.
108
1979
iropt 4%8 series'C
104% 104%
.
112% 112%
101%
95%
5s series A
J-D
,'lst ft ref mtge 3%s series 1
1968
1st ft ref mtge 3s series J—
1970
1st ft ref M 3s series K_.—^1971
J-D
-1st & ref M 39 series
J-D
Pacific
.1962
•
"
D—......1978
^ACum adjust 5s beries A—_Jan 1967
{Missouri Pacific RR Co—
A
A
General
':'■■
A 1st &
v
A
1st
A 1st
&
^
ref 5s series F
ref
&
AConv
,
5s
series
...1977
G
&
Essex
1st
57%,
56%
59Va
10O
265
43%
246
37
A-O
99%
97%
99%
142
93
103
93
102%
•
...1980
......
—1981
.
10O
F-A.
5s series A
M
46%
Pennsylvania-Central Airlines—
3%s conv Inc debs.——1960
...
1947
104%
106%
Peoples Gas L ft C ref 5s—.—.1947
Peoria ft Eastern 4s ext—
1960
AIncome 4s——
——Apr 1990
Peoria & Pekin Union Ry 5%s
1974
99% 104%
97% 103%
*103%
111%
113%
113
125%
1986
-*118.
-;,V
118
*110
New
Orleans Great Nor
*106%
106%
*108%,
107%
108%
imp 4%s_.
New Orleans Term 1st
gtd 4s
1952
1953
107% 110
110%
—
107%
111%
a
A
inc
5s
'
111%
5s
series
series A
of
Certificates
1st
deposit
A 1st
A
5s
series
U A Philippine Ry 1st s f 4s
1937.
ACertificates. of deposit.—.—...—
B
ACertificates
99%' 100%
of
deposit"""
99%
deposit
99
of
95
96
99
...
4Vis series D.
ACertificates of deposit—""
A 1st
-
N
5%s series
ACertificates
A
of
.
Ref
&
imnt
Cent
Y
3 Vas
5s
v
series
C—
gold 3% b
registered
:
..i.
-
3%s
J-J
—1998
N
*108
F-A
P-A
110
—1973
•
Y
Connecting RR 2%s
ser
-
—1980
B. ..:1975
—'.051-
*87
M
^
.
Purchase money gold 4s.__.
Harlem gold .3%s
Mtge 4s series A
Mtge 4s series B
...1949
—
—2000
114
107%
100
(-
98 %
96%'
89
page
F-A
105
A-O
A-O
97%
107
104%
•
Jf-N
103%
-3%s debentures —
1st mtge 4%s
1st mtge 4%i series B—
-
•
Pitts
1st
105%
104%
103%
105%
107
•fcgt 4%s series D
,<-*Pltt8ton Co 5% inc
V
*noye ii37/8
108%
110%
114%
.,108% 1087/a
108 "
109
*118% 120
*115%
J -J
*118'/a
Jf-N
93
Jf-N
*99
117%
115%
102%
•
118%
90
94%
115%
117
"
__
•
118%
95%
.97% 103%
il965
1950
—1950
series A..—1958
B—
1959
O..^———-I960
Young ft Ash 1st 4s ser A_—1948
gen 5s aeries B————.—.1962
gen 5s series C
-.1974
—il977
f
104"%
•106% 106'/4
;
FJtts ft W V* 1st 4%s
X, 1st mtge 4%s series
»1st mtge 4 %s series
106
101%
mtge 5a series A
Pitts Steel
9?%
*1037/8 104 y4
106%
J-D
i F-A
105
104% 104 % <
'
J-J
1749.
.
106
3
y.
-•lit
A-O
—2043
Lack ft West 4s series A... —1973- "
4 %s series B_
—1973 '
see
106 y8'
Gen
-
95
,90
92"%
92
-105% 106
—2043
Y
For footnotes
106
4y8s
——-.1963
guaranteed 4%s—1964
107,
-
94%"; 97
J-J
.—1957
guaranteed 4s_—-1960
102%'
95%
96%:
<92
J-D,
—10651st lien ft ref 3%s series E... ...1966
N Y Gas El Lt H ft Pow gold 6s. ...1948 -
N Y ft
guaranteed
cons
106%
.
99%
98%
FA
Y Dock 1st gold 4s
Y Edison 3y4s series D
N
102
£110% 111%
P-A
...
N
,
101
A-O
—1998
series D-
H
1970
Gen mtge 5s series B—-^-1975
V i Gen mtge 3%s ser E
;—1975
Pittsb Coke ft Chem 1st mtge 3%s_1964
Pittsburgh Consolidation Coal—
99%
Chicago ft fit Louis—
mtge
Series
100%
96% "97%
A-O
J-J
I" —1998
Ref mtge 3y4s ser E
N
'
.
—1998
—
Mich Cent coll gold 3%s
3%s : registered—
Ref
—2013
Series G 4s
- ■•
:V.y. Series I cons
Series J cons
95%
97%:
^95%
P-A
..2013
.
Hud River 3%s_— —1997
registered
—1997
New York
:
.•
St
Lake Shore coll
3%s
.
p
-.1998
debs.—...1964
Pittsburgh Ciric Chi ft St Louis—
Beries E 3%s gtd gold—
:—1949
Beriis F 4s guaranteed gold..—1953
„
Y Central RR 4s series A—
& impt 4y8s series A
109 »/a 109%
...
M-N
Jf-S
111
..
,
J-D
3-D
>
J-D
407% 111 * '
104% 107%
..
J-J
--
..
■
v
,
!
:
■:
*103%
..
my4
■4
102 Va
..
106%
P-A
15
*.128% 128%
J-D
A-O
133%
t
A-O
127 Va
135%
9
128 Va
135 Vb
82
107%
111%
1
108% 109
108%
105%
107 y«
.106% 106%
J-J
105 Va 105'/a
M-S
27
*64'/a
Apr
...
:
87
,
r!i
71
94
83
64
68
107% 107%
105% 105%
X
105% 106%
1
90%
89'/a
A-O
139%
133%
29
133% 133%
J-J
128%
:
29
137'/a 138%.
133% 133%
137%
3-D
131
124%
Ci
131
131
131
106%
127
♦lOe'/a 106%
Jf-N
107
106%
11
106% 106%
Jf-N
105%
ft4^
105'/a
105 %
113%
102%
107%
*106% 107%
A-O
A-O
P-A
111
.
.
113% 113%
Jf-N
J-D
105%
112% 125%
45
117% 120
117%
US
105
111
111
107%
;104% 105%
106%
!
<
::
141% 141%
*133%
3-3
105%
108%
106
106
107% 107% ■
104% 108
106 Va 106 %
104%
107
106% 106%
3-3 V:,
104%
107
103%
105
106%
-
3-D
M-N
106%
M-N
104% 105
Jf-N
:
Jf-S
106
V 106
105 y4
i!
,
-18-
P-A
104 V* 104%
17%
.
26
18
20%
17%
J-J
.
17 Va
104%,
21
105%
99%
100%
deposit—.;
Ref
N
\ Phillips Petroleum 2%s
99
C__
Certificates
A 1st
__
109% 109%
111% u< lll'/4 111%
110'/a • 110
110'/a
107% 107%
*106%
105
105
1974
B
Philadelphia Co
INew Orleans Teras St Mexico RySANon-cum
100%
■:108%'\109%r
107% 109%
108%i:110ya
107% noy4
107% 111%
108
108
__
J-D
P-A
gold 4y-is series C
1977
coll tr 4y4s
.1961
Phila Electric 1st & ref 2%s—.-1971.
-■1st ft ref M 2%s
—
1967
?lst and ref" 2%s_—J—-—^—1974,
Philip Morris Ltd deb 3s
1967
3s debentures
—-——1963.
108
1983
100%
108% 108%
M-S
1st gold 4s—
General
Jersey P & L 1st mtge 3s..—1974
'"..ft
J-D
1980
Marquette Ry 3%s ser D
Pbila Bait ft Wash
General 5s series
127%
118
127% 127%
1961
Pere
114%
New
N O & N E 1st ref ft
'3%s—i——————1952:
—1985
'
1945
5s A
deb
1
.1952
1st 4s
debentures————1965.
mtge 3y8s ser P
Gen
.
107% 108
*104% 105
;■*..
..
105%
105
106%
106
101%
107'/4
100%
404% 105
108%
.
105%
1948
—
England -Tel ft Tel 5s A
gtd 4 %s series B
RR gtd
103
105%
104% 105
—Zl943
5s
.
*107%
1954
Newark Consol-Gas cons 5s
f
Conv
105
...
lANaugatuck RR 1st gold 4s
78%
109%'
;
s
Pennsylvania RR—>
v, , . » .
Ccnsoi gold 4s——... —■ ..—.1948
4s sferl stpd dollar.....May 11948
Cons sinking fund 4%s—
1960
General 4y8s series A——
.1965
General 5s series B—
—....1968
C '; General 4 %s series D—— .1981
Gen mtge 4V4s series E——1984
85%
*
106% 106%
1968
Nash Chatt ft 8t L 4s series
A——1978
National Dairy Products 2%s debs_1970
National Steel 1st mtge 3s
1965
England RR gtd
A Consol gtd 4s
71%
70%
A
82%
ftft76%
Mountain States T ft T 3y4s
Mutual Fuel Gas 1st gtd 5s
tANew
3s
1955
.
....1955
mtge—^.1975
fj^^lst
*103
1958
1952
ctfs
Pennsylvania Glass Sand 3V8s——I960
Pennsylvania Power & Light Co.—
101% 101%
1951
104%
100%
100% 100%
.
Pennsylvania Co—
_J
-
,.2000
4%« series B
N J Junction
286
97% 100
*105%
1966
gtd 3y8s
M
Constr
1st
103
103
99%
41%
1979
debs
Pacific Tel & Tel 2%s
gtd" gold 4s—.1991
Constr
New
93
93
475
97Va 100
97%
42%
1974
1977
-1985
Paducah ft 111 1st 8 f gold 4%s
195o
Panhandle East P L 3s B
—1960
Paterson ft Passaic G ft E cons 58.1949
93
99%
V M-N
101
100% 101%
Electric Co—•
1st & ref mtge 3s ser N__.
102%
51%
64%
327
ft
ref M 3s series M
1st &
.'ft-'-'"'Xft.-ft
205
Jf-S ft-ft?:
-
...1978
Monongahela Ry 3y4s series B
Montreal Tramways 5s ext
Morrell (John) & Co 3s debs
Morris
•
99%
Gas
Gtd 4s series E trust
Moh'k ft'Maktae 1st
r
■■
97 y2
M-N
...
gold 6%s
ref gold 5s series H
A 1st ft ref 5s series I
ft
P-A
.__1965
4s
X"'' ft '
99%
M-S
1st ft ref 5s series A
100 y4
100% 100%'
I00?8l00%
,
1940
1st gold Ss
Pacific Coast Co
—...1962
40-year 4s series B
Prior lien 4%s series
101% 105%
*104'% 105
■
108%
106
84
100%
<,
,
107 V*
101%
105 y8105%
100%
27
22
22
22
*
106%
77%
Missouri-Kansas-Texas RR—
.106% 108
»
*107% 108%,
Oregon-Washington RR 3s ser A—1960
1990
1st 4s
lOgdensburg ft Lake Champlaln By—
A 1st guaranteed 4s
1948
Ohio Edison 1st mtge 3s———.—1974
1st mtge. 2%s.
———1975
Oklahoma Gas & Electric 2%s
1975
Oregon RR ft Nav con gold 4a
1946
Ore Short Line 1st cons gold 5s—1948
Guaranteed stpd cons 5s
1948
89%
?—
Jan 1991
AGen mtge 4s inc ser A!
Mo Kansas & Texas
Prior lien
.
*100%
1952
Minn St Paul ft Sault Ste Marie—
A 1st mtge 4%s inc ser A—Jan
1971
'
28 %
,
3%s.^———;l95t
Sag
3%s
*107%
Jf-S
'Sik
103 %
26%
•
26%
75
108%
101%
*103% 103%
106% 106%
A-O
95
.
105%
109
*108
Michigan Cons Gas 1st mtge 3%s_1969
HAMidland of N J 1st ext 5s——.1940
•
87%
91%
*65% 100
1959
•
102%
101
90%
Sugar 4s sink fund„Feb 11957
A Manila
—
89%
82 :
89
*102
1954
B
ser
*105%
deb——
1964
1st M 3%s——..1966
1st mortgage 3y4s—
1977
IA Providence Securities 4s___—1—1957
t A Providence Terminal 4s——i—il956
Public Service El ft Gas 3 Vis—1968
i. 1st & ref mtge 3s—.—..——1972
Potomac. El Pwr
-
■
1st ft
ref mtge 5s._.
.: .1st ft ref mtge 8s—,—
—2037
2037
P-A
1
106%; 106%
*106%
J-D r<*
*116'/a
*
Jf-N
117%
122 '/4
122%
•..
F-ArvX
*123Va
F-A
134% 134%
*134, V:
Jf-N
127%
A-O
M-N
103% 104
J-D
r
J-D x
A-O
101%
v
A-O»/
101%
.105%
103%
1
V.
.21
t
t.rr
6
;.:24
..
J-D
V
H
if
98% 102%
?:
i]
102 V*
V?
-98%
105
*105'/a
,.*127'
o
106
105%
98 V4 "102 %
v
-
;•!
' 1
1(H) % ,104'/a
28
:T 101%-102
101%'101%
.101 '/a 102 ,
.
F-A-
.
105%
v.;—:
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J-D -
-
;*ij7%v...;i
:
J-J
,;3
::
•
.£
•*106
P-A fv,
.*113.
Jf-N
•;..40%:4i%r: y-. 51
»
*108
M-S
•"
3-31
'
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•
.112% ii2%V,f;-{
*109.
Jf-N
'
r
■
11
102
ft
107
113
i 32
45
108
108 v
109
/
'
112%
•
ft
-..
■
■•••••
—
—
„
165
;
250
ft-'
110%
160
■.
-*i6i% ^
*245'/a
99
106
113
.101.
loi-
J-J r
J-D
109
103% 104
1033/4 103%
<
3-D
J-J
141%
105% 105%
,
J-D
4.
i;i 2
.104%„,.
104
:
J-J
r
138%
105 y4
2-
'
'
133%
134%
'«£.* r.t
•\141% 141%
106% 106%
A-O
.1
134%.
'126% 130
*138%
3-D
>
'
250%
'
108
Quaker Oats 2%s deb—
1964
105 %
104 5i
*104% 105 Vi
J-J
Tennessee Gas & Transmission—
1st mtge
R
Beading Co Jersey
1st
&
ref
Cent coll ei
iaat
3V«s ser D—
—1995
M
'■£>
A-O
,
Af-N
J-J
109
I
1949
A-O
'■'79
"■> -\75%v.79
I—1977
M-S
..*1255/e
1967
M-S
1967
M-S
>108
IA Rut-Canadian 4s stpd—
SIARotland RR |%s stamped
Texas
>108
mtge 3%s series I_
Gen mtge 3Vis series J_i
IIAR 1 Ark b Louis 1st 4%a.
105Vi
105
44
105 V i
105
tIARio Grande. West 1st gold 4s—1939
& coll trust 4b A
Gas b Slec Corp—
cons
Rochester
Gen
mtge 4%s series D
Gen mtge 3%s series H_
„
1,
Gen
,
If-N
—2019
J-J
—1985
1985
A-O
—1909
3a deb......*:—._l»bw
1969
inc"
A-O
Kr Ref & imp M 4s ser C
Ref & imp 2Vis series D—
;
106.3
.
M-H
Rensselaer & Saratoga RR Co—,
i.
f.
Oen mtge (4.7% for
1945) due_1975
Revere Copper & Brass 3%s
-i960
A 1st
—1965
1965
pipe line 3s
107%
.*io4
;
■
.
—1985
1985
•>
>109% 109 Vi;
M-Q
J-J
18Vi
-18%
1941
J -J
2lVa
21 Vi
i... 63 Vi
108Vi
5
V'
109 Va
74
18 Vi
.
Rocky Mt & P 5s stpd
San
A Prior
lien
4s
21%
J-D
A Prior lien
:
1956
ACertificates
of
■
A-O
63 Vi
B—_—-—1950
deposit
,
iW
70
293
51%
J-D
;T103V« 103 Vi
J-D
ioo y* ioo »i
A Buff
Ham
62%
•
r
U-H
1952
4s
A 1st
dep
68
cons
A Ctfs
of
A Ctfs
*
>112
F-A
of
series
2
?
212
,
M-N
..
•106%
•132
105%
132%
122
A
126%
58
'
118
55
>
55
Pla
6s
A
ctfs
'
Seagram (Joseph E) & Sons 3ViS-1965
Shell Union Oil 2Vis debs.—
1954
2Vis sinking fund debentures
1961
t§ASilesian-A»n Corp coll tr 7a
1941
■
V2
75 Vi
V
.56
2
69
69
69
J-J
J-J
J-J 91
1963
Southern
1st
series
ser
Y
i06
'
105%
105
Jf-N
106
-
106
J-J
102% 105%'
204
105%
102
221
104*4
1093/4
13
.
.
106..
106%
101%
142
107%
A-O
119Vi
gen
A-O
4s
1951
103%
106%
102
jg
102 Ve
26
>.'■
136 V*
145
36.
143
107% 107%
119% 119%
•
Y'
103%
m
102 V*
102
142
gold
106%
104
10414
!
108%
.
2
117%
123%
2
122%
128
J-J
-h
Apr
Sunray OH Corp 3Vi debs
Superior Oil 3 Vis debs
1959
J-D
1956
M-N
1861
>107
Af-N
"
■
43
60
■%:.Cr3'
61
107% 107%
103
t
\~60
a
106
-
■.
106'
llOVa
'>..
F-A
*103
II
116*4 116*4
J-D
*106%
J-D
•'
A-O
110V*
no
May
.
Af-N
1033/4
104
103% 105 V*
Af-S
104%
104% 105%
103%
91%
J-J
103 J/a
108
103% 108»A
£.. J':*
-■ •)>•
>V.'Y
•'
*Y.
162%
15
90
107
91% -92
88%
*100% 109
65
189
.103% 103%
88%
J-J
M-S
.
111
* 116'/a
104
*67
103% 104%
j-D
M-N
rl07%
47
99
v,&$::
106%110.v
"3 7-Y':.;
106% 109
8
110% 110%
•
,
'YYY:p:^(
102 V/a
''
•,
108% 108%
J-J
68 Va
104
•V1";*!Y115% 116%
106
107Va
'
—
64%
89%
.
103%
" 94Va
86%
5?
91 '
109%
*109% 110
M-S
109%
*103% 104 % Y
.
103% ; 104 Y
106%. 108
104% 105%
Af-S
"2
107% 107Va
104%
A-O
2
-104% 104%
117%
117%
83%
'
>118
J-J
B|%
85;
li
51%
89%
331
89%
53 y8
J-J
M-N
1968
A-O
106% 106%
J-J
109 V* 109 V*
84% ' 87%
87%
■
37%
141
•
3y«s.J—1971
53%
36%
51
106'/a
109
1
108 y8
109%
by maturity.
maturity,
rxne price reyieecureu .o u>v ....... ,
tThe price represented is the dollar Quotation per 200"
>
Accrued interest nnvdhie at the exchange rate of $4.8484.
payable at the exchange rate of $4.8484.
1—<nfArpct.
105%
1075/a
$Companies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
.
Bankruptcy Act, or securities assumed by such companies.
3
If.
105%
106
•Friday's bid and asked prices; no
104%
106
'';-w
.
!>
delivery sale not included in the year's range,
d Ex-interest,
e Odd-lot sale not.
n Under-the-rule sale not Included in the year's range,
r Cash sale
y Ex-coupon.
,
,,
,
§ Negotiability impaired
„
...paired
105*8
VM'
-105% 106
8'
"V
67 >•'•;"
104 Va;
67'
23
107
106
•
Deferred
pound unit of bonds.
107 V*
102% 103%;
>106
67
1936
y
-
2Vis debs—
102 Va
not included in the year's range,
67Va
1'"' .,105%
101%
■
100%
Included in the year's range,
107%
"
60
F-A
J-D-
109%
107%
103
106 V*
8
*103%
,
I94f
tAWisconsin Central 1st 4s
ACertificates Of deposit
f ASu A Du div & term 1st 4s
ACertificates of dept^it.—
Wisconsin Elec Power 3%s
135%
107%
j
>
107% 107 Vi
107%
M -N
^Spokane Internal 1st gold 4%s..20l3
of Calif 2Vis debs
1966
Standard Oil N J deb 3s
—,
1961"
126%
.
>108%
A-O
Stand Oil
/-
>135 ya 138%
J-J
C
104 Mi
107% 107% -
107%
97 Va
93
27
97
v-Y
Wisconsin Public Service
'
123 y* 123 '/4
102
97
1
•
96%
Q-M
Westinghouse El A Mfg 2y8s
1951West Shore 1st 4s guaranteed
2361
Registered
—_———2361
Wheeling & Lake Erie RR 4s
1949
Gen & ref M 2%s series A
1992
Wheeling Steel 3 V* series C
1970
Wilson & Co 1st mortgage 3s
1958
Winston-Salem S B 1st 48—
1980
107%
22
106Vi
101% 101%
A-O
1st
104
49
105%
109y* 109% '
:
J-J
J-J
.
101% 102 Y
F-A
109% 112%
<
1986
106% 113
105 %
101% 101%
M-S
Telegraph Co—
Funding dt real estate 4Vis
1950
25-year gold 5s
1951
30-year 5s...—*
..—.-.......I960
107 Vi
105%
79
105
109%
E.\£jU.-s.——-4.1986
33
105 Va
Union
.Western
51
105% 105%
^.1961•
112 %
101%
A-O
Maryland 1st 4s
1952
Facific 4y2S inc ,ser A—2014
Western
•.Western
li
14
.
105 y*
J-J
Louis Div
?
107% 107%.
Swift A Co
*
23
105 V 4
Southwestern Bell Tel 2Vis debs—1985
Southwestern Public Service 3 Vis.. 1974
1
^
M-Q
6s....———.. 1956
6 Vis——..—1856
;, Mem Div 1st gold 3s——.*1996 V
Bt
,
West Penn Power 3%s series. I——1966
105%
;
107%
gen
Devel At
'
i,
Y
-MS
Southern Ry 1st cons gold 5s__.
1994
Devel & gen 4s series A—..—1956
'Devel &
104
20 > Y 103 Va
Y;
:
111% 112
M-M
RR Co—
112
A-O
108
101%
—
lllVi
A-O
B__.___
2%s
mtge
106
Y
105 Vi 106 r ;
♦129%
4s.*—,*—.1950
'
1st
25%
73%
78
YU02
105
105%
1981
Pacific
111%
24
F-A
gold 3%S—2000
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—1970
Westcnester Ltg 5s btpd gtd
1950
Gen mtge 3 VaS—.1967
90ya
19%
>. 31
102% >
1968
mtge 2%a.ser
3 Vis
•
1977
-
:
102
F-A
1969
122 Va
109
111%
112
Apr
Apr y
•
Gold 4Vis
104
122%
110
.
J-J
1985
103%
111%
Af-N
—Jan 1981
AGen mtge 4s inc ser A
vW';-r5^
Gold 4Vis
1st
80
8
•
^—....—
103% 106%
*104
'*119% 130
A-O
'
A-O
Southern Pacific Co—
1st 4Vis (Oregon Lines) A
104*4,
,
106%
106
106 Va
M-S
Warren RR 1st ref gtd
110
"103 Vi 104% r;:
1964
Gold 4Vis
San Fran Term
105
99% .101%
■
.381
;
>103%,103% >
a75Vi >a75VSr75,%5?.'
F-A
———1979
.
88%
23%
*105% 106 Va
102
debs
2Vis debentures
> 11
21
^
Jf-N
RR gtd 5s
Southern Bell Tel ft Tel Co—
3s debentures
103%
•
—
Jf-S Y
inc 4Vis ser B__Jan 1991
mtge 3V*b ser B
1971
Walworth Co 1st mtge 4s—.1955
Ward Baking Co 5%s debs •
(subordinated)
;
1970
Warren
Petroleum 3ViS
1955
81%
87
Vi
,21;;:
•
J-J
-
—
*115%
J-J
1QX<>•
COU8 '6s
•>114%
.
1st
81%
44
100% loi >
88
Socony-Vacuum Oil
3s
'
Wabash RR Co—
.
80%
26
72 ;
105
F-A
Skelly Oil 2Vis debs—1965
South b Nor Ala
M-N
Virginian Ry 3s ser B-...M..^M.1995
60 %
110
«
rY 1st
61
54
17
M3J
v
,
61%
55
12
73 Vi': 75%
72
74
1935
F-A
1957
AGen mtge
51
56%
deposit—————.
All
.*103% 104
..
W
73% "75
M-S
(Guaranty Trust)
dep
Seaboard Air Line RR Co—*
1st mtge 48 ser A
wi—————
/Y.Gen mtge 4Vis ser A
wi-———Y:
tASeahoard
1959
A
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5s—1949
Va & Southwest 1st gtd 5s
2003
129%
56 Vi
1948
.
.
MS
122
?
(Chemical Bank)—
UAAtl & Birra 1st gtd
4s___—1933"
ACertificates of
A-O
1959
3%s debs.
Pictures
A-O
103%-104%
>107% HO
>104% 105 V*
42
103% " .103% 103%
..*;y;.-107% 107 %
w
* 104 Va 107%
J-J
>
Y;
1955
.
34 ',
102% 105%
132%
128%
A-O-
1959
'J-D
1947
>
34
103% 104%
I
;—:
Vandalla RR cons | 4s series
Cons 8 f 43 series B
105%
A-O
(Chemical Bank)
dep
97
86
91
97% 102
114% 114%
54 %
63 Va
—
A-O
1980
,119%
03
69
—;
RR—
grant 4s
107
Y
34%'Y,;
104%; 104 % >'
104% 104%
.
112%,
104
;
J-J
mtge 3s series. B—u— ——1990
Universal
/ 52%
115
16
59%
55%
59
46
—
■
land
110%
/*•
'•••*
A-O
.52%.
45%
7
;
HO
110";
63% >77% :
*3
674
89
Ref
Pacific
&
United Biscuit 3%a deos
78 Vi
■
,
99Vi 100
Trust)———
Ctfs of
1st
73
97
87 Vi
87 Vi
J-D
.
—
A Certificate of
deposit
IA Refunding 4s
A Ctfs of dep (NY
A
56%
200
68 Vi
49
96%.
-
J-J
,
Union
73%
61 Vi
A-O ■>';
—1970
100 Vi
5
68
47%
>118%
j-j
gSeaboard Air Line Ry-*
{AAs gold stamped-.
67Vi
67
48'A
J-J
1990
1st cons gold 4S.196B
tiASt P & K C Sh L gtd 4Vis
1941
8t Paul Union
Depot 3Vis B
1971
1st gtd
Vi
56%
704
46% .47%
St Paul b Duluth
N E
97
63V«
66 VB
"100% 100%
4
112V*
M-V
;
1967
99Vi;i0f%;
•
•>
104 Va
103
19--
""*109%
MS
——1945
98
95 ;
'
Nov 1989
>1A 1st term & unifying 5s—
AGen & ref gold 5s series A
-
68
ms
>
1986
4s inc bond ctfs
&
102 Vi
*
64 Vi
97%
88 Va
66 Va
Union "Electric ;Co of 'Mo <3%s.^**197t'
1st M & coll tr 2%S—
Y—.1975.
105%
102 '
~
62 Vi
67 5i
-
tSt Louis-Southwestern Ry—
1st 4s bond certificates
V
103
100 Vi 100Vi
64 Vi
J-J
105%
97%
64%
u
1
,
07, ;
>101%
—
4Vis series A
—1978
ACertificates of deposit stpd—
Scioto
"
104%
!
96
65
.
y
ACons M
A 2d
"»95
J-J
1950
of; deposit—
5s series
102
--102'
J-J '
J-J
>105%
96%
24
"«
103
106
.
A-O
Ry
A—i
ser
ACertificates
v
•
Francisco
103
103
A-O
152%
103%
62
,105%.
20 V*
9
>Y
■
142 ye
109%
*146
108
1st gold 4s—1940
Trenton Gas A Eleo 1st gold 5s—1949
61
151
i
> 105
105%
106%
.
J-J
Toronto
27
66
105
108%
107%
104%
14-Y
1st ref 4s
1960
AAdJ income 58
Jan 1960
Tol b Ohio Cent ref & lmpt 3%s
1960
108%
108%
..-V
MS
Y
tSt Louis
105
137'/a
*'
7
-106% 106%
J-D
V'^V'
Bt L
p]
20
108% 108%
104% 105
J-J
>/.:
Pac Tenn RR of New Orl 3%s__1974
Third Ave Ry
1949
1st It 4 Vis
1966
Jos b Grand Island 1st 4s_,
1947 :YY
Bt Lawr & Adir 1st
gold 5s.———1996 <
2d gold 6s.
1990
104
129%
loivi
M- N
—2000
Texas A Pacific 1st gold 5s..
Gen & ref M 3%s ser E
•
—
1934
Baguenay Pwr Ltd
Y>
105
T 135% 135%
Texas Pacific-Missouri—
87 Vi
75.
43
1969
65 Vi
104
107% 115
30
109%
109
Company
debentures.-..-
3s
108
103
>107% 108
Bt
*104 Vi
Terminal RR Assn of St Louis—
r
sales being transacted during current week.
,
ABonds selling flat.
,
NEW YORK CURB EXCHANGE
WEEKLY
AND
RECORD
YEARLY
NOTICE—Cash and deferred
delivery sales are disregarded In the week's range unless they are the only transactions of
in a footnote in the,week in which they occur.
No account is taken of such sales In computing the rbnge lor the year.
In the following
the week, and when selling outside the regular weekly range nre shown
•*
y
r
-
>
,
beginning on Saturday
March 23 and ending the present Friday (March 29, 1946.) It is compiled from the daily reports of the Curb Exchange itself, and is intended to include every
security, whether stock or bond, in *vhich: hhy dealings have ;6cctoedB during the current year.
y
>
extensive list
•
STOCKS
York
Curb
complete record of the transactions
a
:
1
New
furnish
we
FOR
Friday
•
Exchange
v.
Week'e
.
Last
Sale Price
Range
•
.
WEEK
ENDING
the New York Curb Exchange for the week
for Week
New
Shares
t
Sales
Week's
for Week
Range
Y'of Prices-,; Shares -
Friday
STOCK8— Y-Y'YY
Curb Exchange
York
Last
.
it
.
-
Sale Price
Range Since January 1
Range Since January 1
.
,
J
'
Por
v.
ACF-Brlll
Acme V'ire
;A D
■
Aero
Motors
Co
h
warrants—
common
F Co__
60c
$6
.
1
20%
19%
preferred..-.— „10
Appliance—
3
Southern^—a
..50
ADes & Fisher
common—^•—
Allied- Int'l Investing $3 conv
pfd
(Miohi—
Altorfer.Bros Co common....—
isy*
20Va
> 5%
:
V
•
'
5%
-
v.;
,
7*i
400
200
.
12%
-11%
13 %
14%
17 Va
15 Ve *
"
: 8%
7%
8 V*
131
118
118 V*
.'.
12%
1,3:;
61
62"""
830
107
■/; 30°
"'""•
j
40
48
-
'
m/o Mn
r
American
Jan
119*4
Feb
Jan
'V.
14%
Jan
48
Jan
American
Y; 62% Mar
7; American
i
>
,
15,;. Mar
24
YY;
7,200
-•-» 850",
113
-
'
23
'Class
'
185
1
:Y 21
;Y Jan
116%
•
200
,
^%;
62
>,
.
64
-
•
17%, 18 J,
53%
i
i—
American
Fork
Gas
&
b
Hoe
common
Electric^
'.
.
54%
•3%
T—•
——10
Y
.
•:
46
";
50 Va
8% >8%
53%
'49
54
53
'
:> 8%
1
Cyanamid Co common
10
.American & Foreign Power warrants—
Y
49
—23
•
Feb
26
1,300
V
100
C-4'y
i
7
••
Wy f.
Y:*" 4% .Jan y>:
y
.1,500,
57
s
Mar
112% Mar
»
»
>Jan
185
Feb
;
^''V'.V.Y {*>■
V
5% Feb
Mar >>:: Y
65
Jan
22 V4
Jan
54%
■;.) % 51%
Jan
.,16%-Peb:r :
v
"
.26
A
,
Feb
25%
Jan
110
2,300
112% '
•V
—
A
Class B
Y
class
76% Mar
121
; Mar
-100
24"
"24
112
Cities
Convertible
JTigh
'
Jan >
% Mar H J
100
-
173
178
.100
Central ,Mfg—>—:.
Power Alight
American
133%
,
:
Book; Co__,
American
>109%
.
I
•
'
*
-
'..YYi'VY'YY:/.*-; .t.
American Beverage common..
v
y
Feb
Jan
(
w
Y
Jan
—
76 Va
75
115% 116%
■23
23 '
•
LOW
63 Ve
..if
Jan
12'% Mar,
250
Jan
Ltd common——
.' 6 Ve Y preferred.—
9%
\ llGVz Jan
-
•
Y
.Aluminrum
v
22%, Jan
;Y
;
7% Mar
128 Va Jan
200 1
710
17 Va
14 Vs Mar
if
>1,400
107% 108
61%
I
Y
9.700 >
131*%
118 Ve
44,300
115%
Aluminum Industries common.
Feb
19
Jan
:i6%.'JahJYY
15 > Jan vY
23 % Feb
>Y 5% Feb;>:: YsY 5*4 Feb
-75%
.100
preferred——Goods Mfg—
Aluminum
v 23% Mar
.
Jan '.Y
Jan
>
;
I
Hwh
Low
"
-•
Aluminum Co common,
Jan
13%
-
Feb
30 Va
•
■ v.:
;
13
.10
Jan
Par
,
11%
Jan Y?
5%
5*.800 •'
>2,100
SVi"
107%
«
preferred——
A'lied< Products
1-7%'
17%
convertible
Great
Alabama Power Co $7
preferred—
3
18
High
-8% Mar:
1.000
.700
Y
•"'•'
21% Mar
> 7
Air-Way Electric
Alabama
\96/»
27%
0
—2
Convertible preferred— ,—_—. ..10
Alreon Mfg
Corp:——-——— .50c
;
8%
•;5% ;-S% '
1
B
Ainswoith Mfg common.
Air Associates Inc
(NJ).
Air Investors common..
y toioT
ffioft
II10
0
Supply Mfg class A
Class
Low
55
3 V8
:23%
44 Va
350
"
300
*
5
50% Jan ' Y
47 Va
Jan
"1,800
7%
Jan *
5,500
"47%
Jan. ~
Jan
-j
3%
7,700
24*8.
46 V4
.7,400
112 y8112%:
%
1,450
V
225
l7/e
>
■
Feb
110% Jan,
Jan
Jan
10
> '55%
Jan
5%
•
21*4 Mar •>"' V
X40%
Jan
26%
Jan
"j- 46*4 Mar
.,113
4
ft-
MARCH 29
•-.r,^Y-."
Sales y
-
of Prices
on
.
Jan
Monday, April 1, 1946
Babcock A Wilcox Co
•
Baldwin Locomotive—
7%
preferred.—
Baldwin Rubber Co common
Banco dC
477/a
46 %
48
—
42%
42 /a
16%
16%
17
11%
H ^
-
——30
—I
los Andes—
■
American•'shares.,
'•
,,
Barium Steel Corp—.
Barlow & Seelig
Mfg-f»:
$1.20 convertible
Basic
A
7%
(L)
—1
■■■.
common
Refractories Inc..
Baumann
-
»
1st preferred
1
Bell Tel of
Benson
—
-
10
Corp
96
26
9b
26%
7 A
—
7 /a
j--
*
common
Sc
92
26%
1
Canada..—^.—108
Hedges
Convertible,
*3
■'
common——-——1
A
10
—
Brummel Ties
Beadnit Mills Ino common—....
.
At
*9
—
100
Beau
Beck (AS) Shoe
Bellanca Aircraft
j,
.
A
9/2
9%
.
•
•
13,
20%
—1
..
common
if*
r—AA„
20%
-j
28
28
preferred..—-~a/
1
5%
8
Berkey A Gay Furniture..
Bickfords Inc common———
Birdsboro Steel F'dy A Mach Co
Blatmer's
Bliss
1
<B W)
12/a
13%
35 /4
40
27%
———1
Blue Ridge Corp common
:—1
$3 optional convertible
preferred—•
Biumentbal (S) A Co.———.
-*
Bohack (H C) Co common
;
•
7% 1st preferred————100
7
20%
12%
-
common—j
20
--
40
com..*
common
26%
28
5%
5 /a
56%
34
50%
56/a
36^
60% 51%
144% 145
144%
Bornd Scrymser
Co..28
Bourjois Inc.———.
.——•
48
Brazilian Traction Lgt A
Pwr———•
Breeze Corp
24 %
24
28%
28%
46
—
common—....,——1.
Brewster
.
b
55/a
34
..
Aeronautical—.————1
48
•
5%
rv,
24 %
31%
5
Bridgeport Gas .Light Co————•
Bridgeport Oil Co^.—^.—^.—«»*■:•9%
Brillo Mfg Co
common^teH^M..*-•
5%
--
—
—,,
■
-8%
,
9%
Davenport Hosiery MiBS—
Dayton Rubber Mfg new com
50c
xttass A convertible—.^38
—
CltlSS
A
m
■■■■»■■■■—■■M.1IIIW
I-
^
I
' "£y* ■ ■'
American oil Co——.—*
British
r
;/\p
'.
24
—
British American Tobacco—
»>■»
24
Dejay Stores common..
50o
Dennison Mfg class A common..—8
$6 prior preferred—'
50
Am
dep rects ord bearer——81
Am dep rets ord
teg,
81,
'
British
—
—
,
21%
Celanese Ltd—
21%
21%
8%
Amer dep rets ord reg.—.——.10b
British Columbia Power class A..*
Class B
———•
—
6%
—
-
—
Brown Fence & Wire
common—a
Class A
11'
Brown Forman Distillers—
55
■
29'%
—.1
$5 prior preferred———
Brown Rubber Co
common——1
Bruce (E L) Co
11
common———8
Bruck Silk
Mills Ltd
...
6
b %
--
—
3%
11
j^/s
28%#30,/s
53 /a
57
—•
16%
14%
—2,50
20%
20
2%
2%
12 %e
A 8ullivan
Burma Corp Am
dep rets
Burry Biscuit Corp
Butler (P H) common
9%
9%
9%
8%
Distillers
15
—
25c
,
1
10
1% preferred—^,—..—.11
Diana Stores Corp—,1
"..I., ""■"■i-l
18*
147/a
Products
De Vilbiss Co common————.10
42
*
Buckeye Pipe Line
Hill
Stove Co common
Detroit Steel
rr,.
?
*
—
Detroit Mich
—
42
.
1
Mfg
6% preferred.....——20
Detroit Gray Iron Foundry
—1
r£-;
3%
..100
Detroit Gasket A
,
preferred————*
Bunker
A
debenture——:
Derby Oil & Ref Corp—
-
,
Am
Co Ltd—
dep rets ord reg——81
Divco Corp new common——1
Dobeekmun Co common—.—'
2ly
2 /
Ijew common u
:—-—1
Domestic Industries class A com
1
10
9 /
Dominion Bridge Co Ltd
•
Dominion
Steel A Coal B——..—28
Dominion
Chem Co Ltd—*
Textile Co Ltd—. "J1'"1* 1,1
^
Dominion
Cable Electric Products
common
Voting
Cables
trust
&
pfd
Tungsten
Class
A
Class B
•
common
•
100
Alcohol—:
•
voting
City
Carman
A
Co
class
Co
P
common
&
L $5
Carter
(J
Casco
*
W)
Co
M)
&
Corp
of
torn
—1
10
America..
...1
Central Maine
pfd
100
Central New
5%
pfd—100
For
Power 7%
York Power
footnotes
see
page
1754,
States
121/4
21%
39%
41
14
14%
120% 120%
105% 106
Iron
/v
'
•
4 Va
74% ,78
75
76
Sugar Associates—
52
11%
Bond
A
Share
pfd formerly
$5
$4.20 pfd. formerly $6
a
-—
35%
21
common.
53%
29%
$5 preferred
Easy Washing Machine B
Economy Grocery Stores
$3.50
38%
0 4
preferred series A
$6 preferred series B—
Electric
76
38%
—
Corp
$7
Eastern
11%
19
—
Co
7%
72 %
Malleable
•
6V2
100 % 102%
—
preferred
Eastern
:
pfd————*
Products
Castle'(A
prior preferred
Eastern
•
—..——*
Carnation
Catalin
6%
•
—
A
Class B
Carolina
4%%
.1
Products
'
East Gas A Fuel Assoc common.
•
Canadian Marconi
Capital
,
,
—8
voting.
non
———•
<
-
1
—
10
—
Dunlop Rubber Co Ltd—
Am dep rets ord reg
81
Durham Hosiery class B common—•
Duro Test Corp common....,
1
'Duval Texas Sulphur
;y ;- mm, j,,,*
1
.10
6%%
preferred
Canadian Industrial
—
Duke Power Co.
81
Sugar Estate—
Electric Power—
Corp
Camden Fire Insurance
Canada Bread Co, Ltd
Canada Cement Co Ltd
*■
Corp
Driver Harris Co
50c
certificates
American dep rets 5%
California
&
60s
Wireless-
Calamba
Calllte
Draper
Tar
22%
11%
76
77%
75%
75%
Number 4477
Volume .163
Range Since January 1
.£■ Low
25
'&?'.&•X ' High "
' Jan
y
32% Jan
r.f'S' -lt
7% Jan
13% Mar
13% Jan
V
;1 -.'i'•' *
"■
12%
7% Feb
15% Jan
-
15% Jan
14% Jan
Jan
\'•
:
30%
26% Mar
:
v
i-
Jan
U2%Mar/^I18:,;:. Jan :
Jan
,t% 105
92% Jan
\,.vl08
Mar
Mar
94
Jan
112
Jan
26
Jan
33% Jan
58
Mar
68% Feb
90
Falrchlld Camera ft Inst Co
Fairchild
I,
■
15%
7
n.
„
*
:
Ford
Metallurgical
Motor "of Canada-4;: *
B
voting—
Feb
10%
4% Jan
36% Feb
19% Mar
19% Jan
65
Jan
Jan
11
*
*'
.
Feb
2% M.ar.
t Ford Motor of France—
Amer
rets
dep
bearer—
Fort Pitt Brewing Co
Feb
Jan
Jeannette Glass Co—
23
Jan
Jersey Central Pwr & Lt 5%%
;
49
Jan
, i ■*
' lit'
131
1
Malt
34%
FulIer (Gep A) Co—,....i.
:J&p$3 tonv stocky.—.—
convertlble
4*
prefatred
Jan
$
15%
33
yjyv.r,
1
I
common.—!
—...
Froediert Grain &
■■
9%
t
1.26
(Peter) Brewing
Franklin Co Distilling
Frabklin Stores
7% Mar
■
.
Fox
•
■
7%
Feb
,
Julian
100%'Feb
——..——*
pfd—100
preferred————.100
'
;
f ^ 1IU1
ft Kokenge CQP„
■ ■■■,*
6%
Jan
%% preferred—100
*
Kansas Gas ft Eleo
1
Kawneer. Co
.
'
| Garrett Corp
uauueau
■t
5%
'
common
rowei
common.
ou
■
.
preferred
——106
Mfg Go common—
1
General
Alloys Co—
Gen
:
Warrants
...
.
•
»
,
...100
pfd B
100
...——100
King Seeley 'Corp..——
j Kingston Products.
—
5%
11
Xl4%
1
preferred series A———It,
6%
!"
,
Kings Co Lighting 7%
dep rets ord reg
General Finance Corp common—
I
preferred-
4% %
<
,,
Electrio Co Ltd—
Amer
; i
Kennedy's Inc—
t
Ken-Rad Tube ft Lamp A
>
Key Co common
—
i Kldde (Walter) ft Co—.
Kimberly-Clark Corp—
,6
Gellman
,
....
——...
14%
10%
10
10%
-
10%
,*
preferred P—
Petroleum
Klity
■'
'
i General
29
Fireproofing common...—..*
i General Outdoor Adv 6%
stock
Gilbert
-
(AC)
,
Glen
-n*
Alden
Godchaux
Class
wi
„.., .
Mfg Co
| Gorham Inc class A—
'.fV: '-.63 preferred— !.,, 'i...
[ Gorham Mfg common
1
Graham-Paige Motors 65
:) Grand Rapids Varnish
Gray
Mfg
pfd—28
3S
———1
,
11%
Class B V—...
Gulf State Utilities. 64.40 pfd
Gypsum Lime ft ftlabastint
100
.*
■
L139%
39%
Common
41
19
20%
14
.
flail
•
Lamp Co
Bridge
,.
«
j
i
15
13%
Lynch Com
Co
Ltd
i
-•
i
Hartford Electric Light
J*
Hartford Rayon voting trust ctfs.:—1
Harvard Brewing Co
—...1
Hat Corp of America B non-vot com—1
i
Paper
f
i
Corp—
—*
Hearn Dept Stores" common—.—.—8
>:
Hecla
Mining Cftv.
Heller • Co
w
i
w
1
——————100
Co common—
.,-ir
59
Hoe
80
Feb
31
..10
i
;
Hormel
V
t
Horn & Hardart Baking Co
•
Horn & Hardart common——*
r.
—
5%
(Geo A)
ft Co common
preferred
•
Mar
44%
152
43%
}
Jan
Mar
:'V
r
115% Mar
39% Jan
I
|
«■"
'
1
•;'^
'■
»
'''
>
"
\
Hubbell (Harvey) Inc.. ,,'"'"4' mni.
:i,r—I
Humble Oil & Refining
*
Hummel-Ross Fibre Corp———•
Hussmann
Ligonier
$2.25 preferred J
Co.—
—•
;
—•
]
Com stk purch warrants————
Huyler's common
——1
i
Hydro
1st
s
Harris common
McCoil-Frontenac Oil Co 6%
Massey
McWilliams
l,80g
17%
36
26
•
.
26
50
26
18
5,700
100
75
19
2%
1,400
•
28,300
3%
400
250
104% 105%
97 y4
98
11%
12%
53
53%
21%
22,500
22%
100
2,400
•
—•
pfd—100
,,
.r*-;
16%
Dredging..—».,*
25
preferred
——1
Electric Securities
——•
Hygrade Food Products
8
....
-
■
f
i:
:
33 V*
Jan
57
Jan
30% Jan50%-Mar; <
17Va
-10%
50
7%
33
;
I
Feb
H
Jan
Feb
Mar
18
Michigan Bumper Corp
1
Michigan Steel Tube
2.50
Michigan Sugar Co
-*
Preferred
———.10
58
footnotes
see
page
Middle States Petroleum class A v
i
1 Class B v t c—
Middle West Corp
Corp
common...
5%
Piping
Wohl
Co
Supply
common
Mining Corp of Canada
P
ft
L
5%
.*
pfd
1
50
—J'
10(
Feb
4
Mar
19
Feb
15%
Feb
3%
1
1
preferred
conv
Minnesota
14
20V2
--5
10
ft
Jan
11% Mar
13
$2 conv preferred—*
Mid-West Refineries—
Jan
Jan
7% Mar
1
t c.l
Midland Steel Products—
62 non-cum dividend shares—.....*
Mid\ale Co common
•
Mid-West Abrasive
50
Miller
1754,
9%
—
Midwest
For
6%
preferred
Midwest Oil Co
7
Feb
Jan
i
—
,
Jan
I
Illinois Power Co common.
5 % conv preferred
Dividend arrear ctfs___.
19
Feb
8%
Midland Oil
Jan
Feb
21%
109 Va
Mlcromatic Hone Corp
Mar
14
i>
Jan
8Va Mar
A preferred-——
—....100
Messabi Iron Co
1
Metal Textile Corp—;—— mmmmmmmm—25 0
Participating
Jan
——-—100
.
?
t
..27Vfi
"
6%%
$
22% Jan
:j ' Howard Stores .Corp.—...1
,
,
3,1%
25%:
60
11,700
1,800
'
.400
Feb
ft Co class A
I
;1
16
•
Mead Johnson & Co
—1
i: Memphis Natural Gas common.......8
■p Mercantile Stores common—
*
Merritt Chapman .ft Scott.
—
*
Jan
17%
(R)
Hollinger Consolidated G M—:——t
Holophane -Co common—
Horder's Inc
—*
|
......
Sugar optional warrants———
Mangel Stores common
1
Manischewitz (The B) Co————*
Mapes Consolidated Mfg Co.—*
Marconi Internat Marine ;Communication Co Ltd 'iV ,i ,in,—11
Marion Steam Shovel—...—.
Mass Utilities Association v t 6—.....1
McCord1 Corp common—
■; 62.50 preferred
i
Heydrr. Chemical nommoiLi..—mwS.II
!
38
3%
Manati
,
-
|; Henry-Holt ft
f
i,
,.
common—
5%% preferred
^
i
,1,,.»28S-
| Helena Rubinstein
I -Hi Class A—
i
•
—— *
——2
common
New common
—16
i ;
—
preferred A ctfs of dep—
preferred B ctfs of dep
Louisiana Land ft Exploration—.1
Louisiana Power ft Light 66 pfd — ,...,*
Hazeltine
.
dep
of
ctfs
20%
24
25%
•
ii
,
3%
43% ft6%
■
Hamilton
Hammermill
ft—^-nrr**
'
i»,
6%
•
V
..,,*
7%
114% 114%
13%
•'
8:
—.8
Lone Star Gas Corp common——10
Long Island Lighting Co—
120% 122%
134
„
Locke Steel Chain———
Tea—
—
28
1
,
10
preferred—28
Class
Groceterias
Loblaw
20%
29%
Pacific
...,
Lit Brothers common
11%
18%
28%
Lionel Corp
Lipton (Thos Ji Inc 6%
.38%
*
Non-voting common stock.
*
7% ; 1st preferred—.......>... JI00
Great Northern Paper——
....26
Greenfield Tap ft Die
Grocery Stores Products common—25s
L
63
Stores—.1
,,,,.
Atlantic ft
ureat
I
v
61
■1
38
(R G) Ino.,
| Line Material Co—
*
,
—
Leonard Oil Development
Le Tourneau
10
conv
Realty common—,.,
preferred
Prior
*
-
*
5
.1
..
Machine
Convertible preferred—.,
■
..66
Co
Grayson-Robinson
7,
Lefcourt
■
.
l
ft—*
■
Lanston Monotype
1
Goodman
...
Langendorf United Bakeries class
class
.p
• '
',•••, IIM,,
——•
—•
B_
.,.,1
,
Corp of Delaware
6
Lane Wells Co common.———..1
Lamson
—1
Sugars class A
,
Lakey Foundry ft Machine.
>.M
Inc common
64.50 prior preferred—I.
Goldfleld Consolidated Mines
'
•
Co,.."'i".,.'m.: ; j.r.,...h.
Lake Shore Mines Ltd..
—*
—•
Coal—............*
Gobel (Adolf)
«
„
Kobacker Stores new common..—
> Krueger Brewing
common
I Gleaner Harvester Corp
,
;
Co common ,
—.
Rubber Co———1
(I B)
Knott Corp common
*
Preferred
t
4
*
*'
y
■
(D Em 11)
Kleinert
14%
—1
Gilchrist Co
Gladding McBean ft Co
M
•
—*
Georgia Power 66,preferred
;
65 preferred—i
;
Klein
preferred—*
General Shareholdings Corp com
16 convertible preferred
'
Klrkland Lake G M Co Ltd
29%
107%
14
pfd
Public Service 66
Oeneral Rayon Co A
;
»
"
107
oeneral
»,
i
106
General Plywood Corp—.i—l
:
~
40%
6%
44
,
,
.
7%
:-fi% ;'*"5%
30%
VH
32% : r
92
96
8%
5,200
2,900
-'
250
:
3,000
25
9%
107% 107%
500
1,900
1,400
11%. 12
Jan
Jan
Mar
•
25% Jan
24% Jan
24% Jan
15
Mar
7% Mar
40
Mar
37% Jan
3% Feb
2% Jan
26 *
,
.
30 % Mar
'
.
Class A non-voting
Class
21
64 %
Brewing
Fansteel
'100%
21% .21%
32% l36
14% 16 %
.,.1.
——•
Feddefs-Quigan Corp
:
——1
Federal Compress ft Warehouse Co—21
Fire Association (Phlla)
It
Ford Motor Co Ltd—
Am dep rets ord reg,.
.■
16
Falstaff
28% Jan
28% Jan
7%
97
& Airplane..—.—.1
Engine
62.50 conv
16%
,:
32 *
Feb
13% Jan
3% Jan
^
'
Monday, April 1, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
'
"Last
Range
MARCH 29
'
-
;■/
.AIOCKS/^v/
Z
New York Curb Exchangs
Low
High
'
Week's
' Rango:
Shares
Low
,
>
// Sales :V;;
of Prices
Friday /
Lam
Sale Price
Range Sine# January 1
HiOh
Low
Par
EXCHANGE
WEEK ENDING
"•■*-V
Shares
of Prices
Sale Price
FOR
Sales %
tor Week
Week's
Friday
0
00-0. STOCKS
New Turk Curb Exchange
RANGE
for Week
<
Range Since January 1
HigH
>
/
'/XotO';•/;
High
.
"
33%
III
35%
750
20
18%
3,300
15
Jan
8%
9%
4%
5
common—.—
Loan
Monroe
■*'■
•
5o
—10
States Power common—.*
States Tel ft Tel
—100
Mountain
Jan
Polaris Mining Co—
Feb
Pbwdrell
common.,—....
11%
Jan
8
Mar'
4
4%
•••'. ;*v.'
8%
21%
2,000
100
•
•
6%
'
Jan
20% Mar
8% Mar
/
7% Mar
,
v,
27% Jan
10% Jan
2,000
common
6%
Jan
9%
:
31
153%
31
27 y8
27%
\ 20
T5 /■/
14
144%
Jan
650
.
18
14
Feb
Producers
14
Jan
.•;****•
17
6%
'«**• m
37
,
% Feb
.
'
0'.
44Jan
-
21,100
2y»
90
70
82
17
1,900
2%
14
12,600
r'
20% Jan
1
Feb
3
16%
Feb
10%
9% Mar
|
Mar
90
Jan
2% Jan
13% Mar
300
14
:
3% Feb
; r
Jan
v
Feb
53
Jan
15
2%
Jan
Jan
of Colorado—
106%
1st preferred.
—
1st preferred—..—.—
7%
500
Gas.
Public Service
Jan
52
16
America
Corp of Nevada..
Providence
/„ 20% Mar
vr
12 'A Mar
86%
common.
of
Prosperity Co class B.
Jan
28y2
Mar
250
2%
Mining.—.
Inc
Metals
Pressed
153% Mar
Feb
900
15%
.
Mar:
19% Mar
13
50%
Prentice-Hall
Jan
32
25% Mar
17% Mar
22%
,
;
Premier Gold
10%
Jan
-
'200
,
20%
"
28%
00- '/TO'-,;
153% 153%
■'
200
v
1,900
3,000
preferred—.
1st
Pratt ft Lambert Co.
5% Feb
8% Mar
4,-800
19%
12%
-
37
Jan
10%
New
8%
7%
34%
17%
Alexander.
&
Power Corp of Canada———-
V
Jan
4
11,300
9%
:
50
'/
Feb
•
/,
; Jan
X204% Mar
23% Feb
20% Jan
1,400
'' 8%
4
14
Jan
197
350
~9
6
'
Ring————2%
Co common...... —-*
Muskogee
»
27%
Murray Ohio Mfg Co——-——-—-—
Muskegon Piston
;
•fC.
Producers—.
Mountain
Jan
220
22%
r8%
8%
10c
Mountain City Copper common
Mountain
Pneumatic Scale
10%
/
Jan
4
48
investors partlc pfd—.
Plan Corp of America.
Morris
7%
%
2,300
203% 204
22%
; :
9,900
1,800
'
12%
121/4
Montgomery Ward A—————
Montreal Light Heat ft Power——.
Moody
8%
20%
Pleasant Valley Wine Co.
35% Mar
20% Feb
'
__l
Society A—-—— _.l
—5
Montana Dakota Utilities new com.
Pictures
Monogram
I
..Jan
17%
35%
Missouri Public service common—
Molybaenuiri Corp-,..————
Jan
108%
111%
113
113
Feb
113% Mar
Puget Sound Power St Light—
Corp i
Nachman
.—
National
Bellas Hess common—
National
108% 110
109%
85 prior preferred
—
Puget Sound Pulp ft Timber.
Pyle-Notional Co common.
Pyrehe Manufacturing—
108
23%
24%
19
20
20
.
Mar
23
110% Jan
Mar
25% Feb
23 0 Feb
Jan
"18
0
"
15%
15%
15%
Jan
18
Jan
•
Breweries common..
7%
preferred
City Lines common
National
Fuel Gas
National
...
-—
Ruooer Machinery—
National
106% 108
Quaker Oats common.
6%
preferred..—.
Quebec Power Co—,
National Mfg ft Stores common—
National
Steel Car Ltd
173
174
]
National Transit.
National Tunnel & Mines common.
Union
National
Radio
Com
Nelson .'Herman)
Neptune
ftcatic
112 0 Feb
iviur
uc
Power Associates..
preferred.
preferredEngland Tel & Tel
6%
$2
New
133 %
Clock Co.—
49%
34 y2 Mar
Inc common
32
.^
«£
N Y Auction Co
i N
common..
Shipbuilding Corp—
Founders
•
N
N
shares..
Nipissing.:
0!
i
'/?
40%
40%
4iy4
55%
55%
30
20%
21%
12,100
21
29%
Goods
27
40%
—
m
11 »A
Richmond Radiator.
Rio Grande-Valley. Gas Co v t c
X3%
z
19
Mar
.
Rochester Gas & Elec "4 ft
Roeser & Pendleton Inc
64 % Jan
x35
'
Feb
1 Root Petroleum
.
$:
B
4% Jan
2% Jan
105%
Jan
110% Mar
16
Feb
ft20% Jan
24%
24%
200
22
0Jan
31
34%
1,900
22
Jan
5'/2
200
5%
—
.
,
50/
10
2,400
33%
36
Z 1,400
24%
33
2,200
8%
9
2,600
6%
7%
Co.—----1
10
25% Jan
;
34% Mar
5Y* Mar
9%
7%
1,700
SYa
8%
1,200
6
8%
? 5,800
8%
30
6%
Feb
11% Jan
>40
; Jan
019% Jan
Feb
0Feb 0
19%
Ryan
American
St Lawrence Corp
Class A $2 eonv
•
common—
—50
Central Texas OIL
'
Bait Dome
8
Natural Gas
Schulte
Northrop Aircraft Inc
No^ftdei-Ageae
common
Manufacturing
"9
Elec $6 pfd—
—
*
8cranton Spring Brook Water Service—
*6 '•preferred^;*.^---^-.—f
Steel Co common
Jan
19% Feb 0
; 8% Mar
33 /
Mar
10%
Feb
0
80:
Jan
/
Feb 0
Jan
0%
Feb
177%
6%
Seiberllng Rubber new
5%
Public Service 7%
;■'
6 % 1st preferred
0' Oklahoma Natural Gas
v
Overseas
Bemler
5% %
Jst
42
preferred
1st
I
preferred...
108 '
Jan
117%
]
27%
11%
Jan
27%
10%
24,400
13#;
60,800
/
350
/
Patchogue
Peninsular
>
81.40
off
Corp common
|:
Penn-Dixle Cement warrants...—HI—
Traffic Co
fonn
w«»ter ft Power
Pepperell Mfg Co
■
new
Feb
Solar
Jan
Sonotone
49%
'! 6%
Packing Co
xl7%
common.-.—,
t' Plnchin Johnson Ltd Am Shs.
Gold
Mines Ltd
Piper Aircraft Corp com
footnotes
21%
16% Xl7%
28%
see
new
'.*20%/
25
26%
page
—50
.50
com
1754.
29%
19
"5%
~6%
11%.
12%
13
13%
'
•».;
•:'74;
14
".v
Mar
113 Vt
84
-i
9
Manufacturing
~8%0
29
,11%
Jan
19%
z
130
110'A
25%
180
„
Feb
5%
Jan
Jan
16% Jan
10%
Jan
24% Mar
Feb
Jan
151
Jan
112% Mar
Jan
Jan
38
Feb
Jan.
12%
Jan
7ya Mar
650;
-
-.000
■
4
27%
.
Mar j
41
Feb
.
23%
Jan
Mar
Jan
47% Mar /0049./-. Mar
10
Feb
6% Jan
50
8%
8%
5,200
290
322
319
322
315 i,: Mar
,
7
■
,
Corp.————
%
-•'•/mm-
0/
106
374
.
7%
Mar
Feb
■
:/
25
12
26%
12%
4,900
'2,800
6%
013,600
5%
5%
1
.—
12
25
Co————J
76
Mar
47%
62
Feb
600
14%
800
28%
Feb
2,000
15%
Jan
50
Jan
0
17%
108
Jan
Jan
011% Jan
',
5Jan
Feb
26% Mar
15% Jan
,
,
- '
7% Feb
Jan
20 % Mar
-
300
23
7,800
9,700
2,000
5*/4
Mar
30'A Jan
Feb
6% Mar
'
.
7%.Jan
.15%
Feb
12% Mar/
14% Jan
44
J -Ui ;
47
'"
Mar
73%
74%
790
72% Mar
13%
14 V#
1,250
13% Mar
.
Southwest
Oil———
Pipe Line..——
Pa
Edison—
original preferred
Southern California
:
5%
—1
:t'V-::"
.28
Z;
//0 0 0 49
0 120
110
31%
'
7
T
t
Mar
•
;
■
43
Jan
30% Mar
10% Jan
68% Mar •/'
■
Jan
44
:
9001
•
.
14% Jan
Mar
65% Mar
31%
60
49
30%
31 y4
preferred B
.——29
5 % % preferred series C..———25
Southern New England Telephonej.100
Southern, Phosphate Co..——10
6%
900
500/
2,700
35%
35%
35 '/a,:
.10
13%
8%
8%
t 63
67%
25
68%
13%
13%
.....1
51
•
,
/
;
Mar
Feb
0;
32% Feb
'
31%
29% Mar
Jan
Jan
32%
'
Jan
20y2
Feb
Jan
Jan
21%
16% Mar
South Penn
/
Feb
86'A Jan
49% Jan; ;
4,000
Jan
9%
.
Manufacturing common-
South Coast Corp common
Jan
115
Jan
Boss
Jan
54% Jan
Jan
7%
50
20%
Jan
21% Jan
*0 6% Feb
:
1,900
13%
ft L E RR;
rwh ft" Lake.Erie..
/- 49
650
55%
11%.
I Pltney-Bowes Inc..
For
2,600
,
550
8%
79%
'""6%
| j "Pittb Bess
j.i Pittsburgh Metallurgical
150
49
9
108% Mar
.
Jan
,,
Jan
"
/-"/ 400
26%
pierce Governor
Jan
Mar
78 Vt
IIII25
pfd
—•
8
15
73% Mar
6%
19%
65
600
49%
49
34
700
;
54
.
Mar
61% Jan
12,300 /
114%
8%
»
Pbila Electric Power 5%
Pioneer
L14
«
Pharis Tire ft Rubber.—
Philadelphia Co common
PniUips
8%
;
Jan
; .50 C Mar
103
8'/2
...800
.
49
49
—*
29
24
5
commonlll—20
Pertect Circle Co..
convertible preferred...
53% Mar
;
8
«
'
$3
Jan
.«20 /
-
,
Feb
Jan
3% Mar
,1,900
111
111
Simplicity Pattern common—
.Jan
Iff
Feb
1,900
23
.23%
138% 142%
142%
1 v
28
63%
q ^
Co....
Jan
,14
Jan
ii? 13 % Mar
Feb
35%
Mar
—
<8%
15
39 % Feb
.
:
16%
17%
737/# :74%
series~Dfd~*
pfd—HlOO
rcnti
common.——
250
2,000
.
—
Co
Jan
25
19
550
27%
63%
82.80 series preferred...
nn.s & EieC class A
com——
Peiin Power ft Light 4% %
-
Feb
28
0 7%
Jan
22% Mar
1,400
8
Jan
7
22
100
,
Bimmon8-Boardman Publications—
Jan
.
-
7%
Jan
Jan
25% Jan
98
:
1,800
9%
Mar
Feb
3%
——
53%
25%
oo.nrood
fennbyfania Edison Co $5
Sllex
Breweries Ltd
28%
050
Jan
i 8
23%
52
ZUI
A
Mining—.-
28
49
Telephone common!—i..*
preferred
28%
9% Mar
1O V2
/
Parker Pen Co new—
Rig ft Reel
Plymouth Mills
27%
9%
14% Mar
■'
Blnger/Manufacturing Co..———100
Singer Manufacturing Co Ltd-Amer dep rets ord regis——M ,;
Sioux City Gas ft Elec Co—
- ■
3.90% preferred—100
Smith (Howard 1 Paper Mills.
•
Solar Aircraft Co..—.—...——1
■/
v-».B.tr60urg
Sick's
21
25% Mar
Sherwin-Williams of
Feb
180
Feb
10
—-25
preferred.————-—--**--!00
Canada
V
4%
Feb
Mar
114% Jan
26% Jan
27
/Jan
11%
Am sbs1JL
r
41 y2
.
46% Jan
5% Mar
50 i
4
9%
•3%
Shawinigon Water ft Power
flberwin-Williams common
Feb
44% Mar
Jan
5
"9%
Cnrp
Jan
Jan
113%
Pancepte Oil of Venezuela
Motors
14%
38%
Page-Hersey Tubes new common—
Pan American Airways
warrants—.
o»nt
Mar
105%
_
81.30
Denn
Shattuck
12
Pacific Lighting 85 preferred..——
Pacific Power ft Light 7% pfd..
Pacific Public Service
■
Inc——
Jan
9% Feb
Jan
15
100
:
Jan
Mar
0-1150; Mar
.
6'A Mar
2,250
26%
22%
Safety Control
Berrlck Corp class B__
Beton Leather common—
pfd.
;
Jan
17 %
150
108
108
Senvry
Pacific Can Co commnn
Pacific Gas ft Elec 6% 1st
0
(R B)
Jan
162
2,100
29%
28
Sentinel Radio Corp common
Securities.
4%
39
38% Mar,
20,800
100% 101
Allotment certificates—-
Omar inc
10 »A
Mar
Mar
113
10,600
6%
5%
$5.50 prior stock
common.
6%
810
19%
26%
26
Selected Industries Inc common.
Convertible stock—.
pfd_
Oliver United Filters B
>
1st
8
33
1,900
6
18%
common.
beiby :Sho6. Co.—
...
Ohio
9% Mar
-3% Mar
3,700
7
12% Mar
21»/4 Feb
Beeman Bros Ino——
common
?/
20%
18%
20'A
:
10
..
33%
7%i Mar
1,400:
*
Jan
Feb
9%
11,200
43 lA
114
Segal Lock ft Hardware.
Ohio Brass Co class B common.
Ohio Power 4%% preferred.
sya
9% Mar
Feb
Feb
26
coo
175
176%
7%
'
1,600
2,900
4%
41%
Securities Corp General
Ogden Corp
9
114
Scullin
1,925
39,600
48,400
39
7%
Bcranton
1
I—..-*
Corp
<D A)
,
3%
37
Bcovill
J20
9%
8%
Bavoy Oil Co
—J>
Schiff Co new common....—
States Power class A—25
11%
7%
Oil Co
31
10%
Bamson United. Corp,, common————1,
;y-n,-iw.,'1!- y>, ,H
■■
7%
30
prel.
Paper common
Bt Regis
Utility Securities——*
Northern
i j
Jan
Jan
,//\,/v /,0'..
Nor hern
>
r
110
24%
9
Aeronautical Co—--—
Ryan Consolidated Petroleum
Ryeraon ft Hayne* common
V,
Peqn RR Co..u.
—50
Northern Indiana Pub Serv 5% pfd__l00
41
4%
13% Feb
Z
Jan
8
16%
Rotary Electric steel Co
Royalite OH Co Lta.
Russeks Fifth Ave;
I
North
j
49
34%
Roosevelt Field Inc
Mines.^.———6'
prior preferred.———
Northern
f
34% Jan
Feb
„
,
Art Metal Works
Ronson
Corp
Northeast Airlines
s i
Jan
3'/a Mar
16%
——•
,
Rome Cable Corp common
Light ft Power common—1
preferred..
—
_•
North American Rayon class A
•
North
;
25%
5,000
13,200
109% 110%
pfd F—-10®
rets for ord reg———*1
Am dep
1
-=
Ltd^—',
Rolls Royce
:
—
]
Jan
86
,
Class
r
Jan
28% Jan
37%
34
900
1,000 0
/¥l>-: 11%'.
X3%
3%
Feb
41% Mar
Feb
29% Mar
5,800 0
3%
•
58
Jan
19%
Jan
Feb
34
f
0 Feb
55
.700/
28%
41%
40%
3%
36
Feb
North Amer
6%
I
2,700
31%
26%
•
Co
30%
S
4%
2% Mar
475"
11% Jan
—
'Noma.': wiortrin
i i
'
3i"%
Reliance Electric ft Engineering.
Mar'
Niagara Hudson Power common—Li.—1
i- 5% 1st preferred—
0 &•» id preferred—
100
0 Class B
optional warrants
1 Niagara Share Corp class B coin—.9
NineteenHundred
sT
Reed Roller Bit
Y State Electric ft Gas 85.10 pfd.100
¥ Water Service 67# pfd——100
Niles-Bement-Pond
3T%
Richfield Oil Corp; warrant*—..
—.
*
24
Rice Stix Dry
60
Merchandise.—.—..
Y
N Y
11% Mar
Feb
11% Mar
J | N Y City Omnibus warrants
J j N '¥ ft Honduras Rosario—..
i
]
Jan
■
Jan
19%
81% Feb
11 New Process CP common.
f i.
!»i
v
8%
1,200
.10
Packing Co. common
Raymond Concrete Pile common...—-•
»3 convertible preferred
——-u*
Raytheon Manuf acturing common—90e
100% Mar
New Jersey ?inc.
.......
...
New Mexico ft Arizona Land.
98,500
20%
;
Rath
Feb
New Idea
■
11%
20
«
Jan
New Haven
; 0%
21%
Railway ft Light Securities
Voting common.—
Railway ft Utility Investment
18% Mar*
,19* 4 Jan
12% Jan
common..
Co class A.
...—10
Radlo-Keitb-Orpheum option warrant*.
24% Feb*
——
Meter
New England
;
—
preferred—.
Nebraska Power 7%
Jan
78% Feb
15 y2
Feb
12%
Southland
Pipe
10
17
v,
7%
*
43%
7%
%:n%
A
■MM
;
—
"
400
'
27%
Mar
14% Jan
Feb
13%
9% Mar.
18%
Feb
Jan
v-14%
9y»
Feb
Feb
12
Jan
7%
Jan
16
Feb
.,
.
2,000,
1,900
34%
,
3%
6
Jan
...
Feb
43 y2
Feb
35% Feb
Jan
44%
Jan
,V0.8% Feb
•
*
Jan
27% Feb
24% Feb
28% Mar
24%
600
.
2»A Mar
3,400
8,700
'
28
-
154
Jan
500
43
40%
42%
•
H.
1,100
2%
39%
42 Vt
Convertible
150
30
02,000
13
2%
0'"
1,200 ;
10%
9%
"*2%
Standard Cap ft 8ea)
——
.
10%
15
t; 12%
Standard Brewing Co....——2.78
common——1
preferred.————10
Standard Dredging Corp common——-1
81.60 convertible preferred——2u
Standard OU (Ky)
10
<
17
Royalty Co—....
■-
13%
9%
Line.—————10
—5
Spencer Shoe Corp
.————*
Stahl-Meyer Inc.;——
*
Southern
154
152
•
THE COMMERCIAL & FINANCIAL CHRONICLE
[Volume 163- Number 4477
NEW YORK CURB EXCHANGE
RANGE
STOCKS
i
■
'
JUas|
Sale Price
Curb Exchange
New Fork
tf
Standard Power & Light
-
.1
.♦
—
Common class B
Sales
Bam# ; far Week
of Prices > Shares
Low
..
5%
"
5% ^
Preferred
1
—.—
1"
Standard Silver Lead.
Standard Tube
B
class
.J
.1
Starrett (The) Corp.;...——.—
WEEK
ENDING
MARCH
Low
5%
5%
4%
.
43,000
800
,
7%
10%
18%
2%
7%
10Va
19 Vi
3
7%
12
12,700,
1,500
5,200
6%
(A)
Stores
6% Jan
7
Jan
160
Jan
Appalachian Pow deb 8s
Jan
Associated
23%
v
V
Amer
Writing Paper 6s
Appalachian Eleo Pow 3%s
4% Feb
9%
Jan
7% Jan
24
Sterling Brewers Inc.
—
*
Jan
Stetson
18% Mar
Co common
(Hugo) Corp
Stroock (S) Ss Co common—.—.
32
A-0
M
5s
5s series B
series
—.195?
C
£i
.
25
Feb
*
Jan
44
Cities
Jan
—1970
Service
deb
5s
Jan
-
104%
I
io9%
v.:v-,i3--
;
High
111% j
123
124
27
101%
105
16
103%
,3'
107%
■
__
.
'
■
108
5s
67%
106
80%
108%
67%
82
68
108
105'A
103% 104'/a
104%
103%
104% 105 y«
105 Va 106%
104 %
106%,;.
104 %i I
106%U
105%'
1969
Consol Gas M Lt&Pr
Inc—
V, 3%s
■wan Finch Oil Corp
series
105%
106'/a
103'A
'
(Bait)—>
N—
1971
1st ret mtge 3s ser P
;
V 1st rel mtge 2%s ser Q
Consolidated Gas (Bait City)—
Gen mtge 4%s
—
';)■
,109%'!
73
! \
66'A
105
—1958
—
108%
103 ! VI; 103
104'A
104
1950
5s
109'A 109'A
-
Cement,
Common
f
%j'
\
108
j|
105Vsr
117% 117%
.,113% 113%
,
1966
5s
Debenture
i Debenture
,
*
•{ t
Low
101%
107y» 107Vi
__
-January 1
,
...
-104% 105%
•
106
1954
;J Conv
-
Sunbeam
M*S
—
5 A Chicago Rys 5s ctfs (part paid)_1927
3%' Jan
'
—1962
A5%s
,.
No.
,,,103% 103%
-
-
109%.,
1960
IA Central States Electric 5s—1940
Jan
$102%
i—
M-S
■
Sold
High
iii% iii%
-ollllVe 111%
/A
.195S
.186*
Bonds "> Range Sinee
—
—1953
5%s A^_.
Blckford's Ino 6%s
Boston Edison 2%s
14%
,
2% Mar
Btlnnes
:
...2024
4VaS
10
Feb
87/s Jan
.
7
Low
—
1970
30% Jan
.,
7% Mar '
,
Mar
'
Telephone of Canada—*
1st
Feb
53
11% Mar
Corp
Sun Ray Drug Co
Superior Portland
Bid & Asked
'
1961
—
Atlantic City Elec 3'As—
33% Mar
.,
Jan
Sterling Engine Co
Sterling Inc
(J B)
Week's Range
or Friday's
-
14% Feb
Jan
18
Elec
Assoc T & T deb
Jan
78
Jan*'
29
common.
Sterling Aluminum Products.
Last
Sale Price
;:V
•
72% Jan
& Co common—
Bros
V;
;.'<V
Bell
Sterchl
Friday
Exchange
>"
Feb
18% Feb
1% Jan
300
-
Curb
Interest
Period
Fork
High
3% Jan
3% Jan
138
'
■
W/z
BONDS
New
Steel Co of Canada
Stein
29
Range Since January 1
High
5 Va
*
Standard Products Co
FOE
Friday Y.-.Week'a r
>
105% 106%
1107% 108 %
4
108'A 108'A
1969
5
1970
1954
.
Taggart Corp common
Tampa Electric Co common—.
,/
107 y*. 110
105
123
•; v
rio8%] L;,
120 Ve
126
Delaware Lackawanna & Western RR-—
Lackawanna of N J Division—
Technicolor Inc common
1121
105%: 109%
Texas Power & Light
1%
Texon Oil St Land Oo...
Textron
1st mtge 4s ser A————.—1993
•
77
.
Elmlra Water Lt
Ino———.——
I
Thew Bhovel C6 common.—..
i v "■
•
i
&
5s
-77%
45'A
45 V*
,1106% 107
1956
'
-y
>
RR
76
'
1st mtge 4s ser B————*—1993
Eastern Gas & Fuel 3%s
1965
pfd
,y'
-129"
129%
129%
^ts
Finland Residential Mtge Bank—
6s stamped
——1961
Tllo
Roofing Inc
—
Tishman Realty & Construction..
/
'
)
£
>??
*
by
.3
———1969
L '.r
t
-
3%s A
Tobacco
St Allied Stocks..—...
Gatineau
Tobacco
Product
AGeneral Rayon Co 6s ser A—Grand Trunk West 4s
Green Mountain Pow 3%
*
1948
1963
Exports.
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis
Amer
dep recs def reg,.
Power
Guantanamo
Todd Shipyards Corp=.——
Toledo Edison 6% preferred
1% preferred
Tonopah Mining of Nevada
Trans Lux
—
West
68—..—.—.1958
Indiana
•
Co—
5%s series B———1957
1st & ref
—.
warrants
Inc
Truns
Power
Illinois
Transwestern Oil Co
&
Hygrade Food 6s ser A—
iJan 1949
'.
6s,' series- JB—.J—————Jan; 1949
Corp
Tri-continental
1950
-
Grocery Store Prod 6s—.—.—1953
102%
Service' 58—..—.....—.1950 ;
105
convertible
Indianapolis
preferred
P & L 3%s
International Power Seo—
A 6"% 8
1970
series -C—..
A6%s
Realisation
Ulen
Corp
1
Unexcelled Manufacturing
Gas of Canada
A7s
11% Mar
.■,,.....
(Dec
1
.3% Jan
Co—....
107'A, 108%, '5
1941
1955
coup)
7% Jan
Union Stk Yds of Omaha
.3
Products
—.
United
Aircraft
United
Chemicals common
United
Corp
59i
Feb
Interstate
w
Debenture
,fi
,
Kansas
Feb
Kansas Gas & Electric 6s
25%
$3 participating preferred^——.
95
.
Machinery common
Graphite
..
Conv
U
New
Rubber
Reclaiming—
United Stores common.—.
1947
—..1948
Universal Insurance
Utility Equities common
Ohio Public Service
:
Pacific Power
&
4s
1st
,
Light
'3%s
Petroleum
■
Waco''■ Aircraft■•'caiv.Yvl'■
Wagper Baking voting
'
7%'
trust ctfs ext—•
preferred
100
Waitt & Bond class A—
•
24
;
I
Co warrants
Wayne
Knitting Mills
:
Wentworth Manufacturing
West Texas Utilities $6
preferred
Z——
g
T.2B
•
6%'Jati'':.9%'Ffeb
8%"" ' '605;
26
1,000
113% 113%
50
35%
10'A
57/e
6%
19%
700,
5,850
35
54
9%
60
30
.
1,200
10
113% 113%
'
27
Mar
114
Jan
'Jan
Feb
39
6% Feb
10% Mar
5% Feb
800
10
Feb
" 113% Mar
.250
9%
Class B
49 '
*
Jan
8% Jan
112% Mar
;
7
61%
Jan
—....
13%
14%
5,100
"
(Can)
Inc
'
-II
Safe Harbor Water 4%s
San Joaquin
Estate
California
—
Feb
155
Feb
Southern
33% Feb
39
Mar
Southern
California
40
49
Mar
Southern
Counties
22%
23
-
..
41
250
-
—
400
22% Mar
16% Feb
38% Mar.
«
.
1st mtge
24% Feb
19,
•
55
Feb
Jan
Products Ino
ZZl
"
B..
Wisconsin P & L 4%%
pfd
Wolverine Portland
Cement—.—
Woodall Industries Inc
-
100
10
a
Woolworth (F W) Ltd—
•
page
9
15%
15%
1754.
St
105% 107
111%
121
126
103
98%
Debenture
98%
Ba
&
AStarrett
Stinnes
A 7-4s
.
>
107
108% 108%
105%
108%
105
105
■;
108%
$106'/a — J
1994
3'As
114'A 114'A
1970
$108%
? *;!'•
a:
'
108%-114%
108'A" 108 y«
1989
;
102% 102'A
102
100% 101
102 %
100%
103 Y
lOO'/e
.101%
101
-?
102%
Dec 1 1966
debentures
Power
103
101V2
107% 107%
May 1948
1951
63.
gold
98%
1965
104% 104 %
103%
104%
——1957
103% 103%
103
104'A
12%
6s
•:
1970
May 1948
6s
Debenture
.106'A
Electric—
(stamped)
Conv 6s stamped
;
104%
$126
$103%
106
3s
5s_—.
6s
£i
«
172%
(Calif)—
& Elec
'""V*
Gas
Btandard
^?erican deposit receipts——
6%
preference
Wright Hargreaves Ltd
see
9
111%
171
$106% 107%
3%s
Gas
Ry 2%s
Gas
(A G)
28%
14 y8
11%
Woodley Petroleum
footnotes
137/a
111
106
1017/s 102
1971
Southwestern
Standard
27%
106
,
1951
3s
Indiana
Southern
Spalding
in
Co—IIZI—Ill-
101
1951
Edison
Gas
v:Vv4,.- vY-"'
Wlohita River Oil Corp
Williams (R C) St
101
$105 5/a 106
1952
6s
Scullin Steel lnc mtge 3s
200
38%
..
107% 107%
.—1979
Lt & Pwr 6s 3
Real
300
__
$106'/a
$107%
107%;
Queens Borough Gas St Electric—
5%s series A
——..—1952
—
^3
-.
1950
lst mtge 3%si.^.^i———— ....1964
41
j
__
common
..
..
5%S——1972
Sinking fund deb 4s
—...—1949
Public Service of;New Jersey—
6%
perpetual certificates
39
Jan
$105% 106%
Public Service Co of Colorado—
41
140
.
4%s B——1959
37 %
..
90
105% 105%
..
.1970,
20
1_
Co
$87
...—..1979
Power
10
Coal
$104% 106
..
Feb
10% Jan
114
Feb
* 16% Feb
12% Mar
.105...105
.
1977
stamped extended
ASchulte
West Va Coal St Coke
8
Western Maryland Ry 7% 1st
pfd—100
Western Tablet &
Stationery com
•
Weyenberg shoe Mfg
107% 107%
$107%JU0
—
105
Portland Gas As Coke Co->*
5s
For
105%
108% 107V»
101 %-103T%
' J-,,v..v-
7
Elec
Power Corp
Winnipeg Eleo
'
$46%
1964
—
Philadelphia
Vogt Manufacturing—...
Will son
1948
Pennsylvania Water St Power 3 ViS.1964
common.—.
convertiDle preferred.
Whitman (Wm St
6
Bs——1955
5s———.—
i" v/.'
Tsfcjar Corp
Westmoreland
Westmoreland
2004
1962
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4%s_
Ward Baking
16
16
7
Ohio Power 1st mtge 3%s——1968
1st mtge 3s
1971
•5.50 priority stock.—————
7%
105
100% 101 %
107% 108
Co
Utah-Idaho sugar..———.
Utah Power Sc Light common
Venezuelan
102
103%
100% 101
1964
Y & Westchester Ltg 4s
North Continental Utility Corp—
A5%s series A (part paid)
115
105
100% 101
■
..——1950'
N
Universal Consolidated OIL—
$4
105
107%
112%
—1948
Elec & Gas 3%s
75%
108%
106'A
England Power 3%s^.——1961
N Y State
..J
United Wallpaper, Ino.,——..—.
Universal Products
5s
70%
106
New England Power Assn 5s—1948Debenture 5%s
...—1954
Radiator common.——.
S
Gas
5s—
deb
"
2023
Amsterdam
—
common
$5 1st preferred with warrants—
u S
1963
New Eng Gas & El Assn 5s
5s
—
U S and International Securities—
106% 106'/a
1967
—.1981
6s series A
New
116
lll'/s 111%
1970
1956
Milwaukee Gas Light 4%s
Nebraska Power 4%s——
,
common
US Foil Co class B—
S
[
$114
1969
.
McCord Corp deb 4%s
Sharing—.——!
preferred.
$104% 108
2022
Light 3%s
Midland Valley RR—
Extended at 4% to
!
United Profit
U
1966
Kentucky Utilities ■■4b—
dep rets ord regis
Shoe
Electric Power 3%s,
Kansas Power &
Jan.
Mar
United Molasses Co Ltd—
Specialties
106% 106%
Feb
Jan
47
United
1952
Jersey Cent Pow & Lt 3%s——1965
Jan
1
United NJ RR & Canal
1957
6s.,._,
Altallan Superpower 6s—.—..—.1968
15
United Light & Railways
10%
United
1952
—i
32
United Milk Products———.—
Amer
Power: 58——
Mar
27
warrants
(July 1941 coupon).
V
22% Mar^-ig.'
United Elastic Corp
United Gas Corp common
■<
(Aug 1941 coupon)———1957
A7s
8% Mar
Union Investment Co
'
>i^A7s - series F.U.—. 1952
»
8% Mar
Union
103 7/»
..—..1958
yU 7s series E———————1957
Udylite Corp....—..
f
106
V105%ff
Tung-Sol Lamp Works———.
8O0
v
103'A
1st lien & ref 6s—.—1963,
,
Light 6s..
1957
Corp inc 5s
(Hugo) Corp—
1950
3d
1940
stamped
103%
—
'***:
103% 103%
* or*-.-*.
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 1, 1946
NEW YORK CURB EXCHANGE
'
RANGE FOE WEEK ENDING MARCH
/
,
'
'
.,
w
Interest
Curb Exchange
Period
Low
(Hugo) Industries—,
Stlnnes
48
107%
205%
3 Vis..
Edison
Toledo
41%
2nd stamped
A 7-4s
High
Low
No.
'
I--.1
.,1 V '
•
Ww——
'
Friday
New Fork Curb Exchange
r
High
'
BONDS
Range Sinee
January 1
Bonds
Sold
Friday's
Bid & Asked
or
•
n
_
Week's Range
Friday
Last
Sale Price
BONDS
York
New
r
Electric N J Is-*-*.--—
United Light & Power Co—
1st lien & cons 5%s—
Interest
Period
*
;
Week's Range
or Friday's
Bid & Asked
' Last
Sale Price
Low
5%s
Danish
1955
Extended
5s
M-tf 'V t ;
1953
*94%
a;
Bonds
Range Since
Sold
High
January 1
No.
96
.
t
.
Low
High
94
...
JS9
90
■
'
.
Waterways—
A External 6%s stamped
1952
ALima City (Peru!- 6 Vis stamped.1958
127%
,
i
04
Danzig Port &
30
23%
23%
United
Maranhao
stamped
Interest reduced
•
AMedellin
107% 107%
2008
2J/aS_
to
stamped
1951
*'<
1
'•
i
A7s (issue of May
A7s (Issue of Oct.
t'114% us
,,,
series A—.——
6s
7s
',;A'
,
«
■,
'■'
Mortgage Bank of Bogota—
—.—i—
Utah Power & Light Co-Debenture
r\
Railways (Maine)
United Light &
68 series A
A)
(Plan
192t)
L1947
;
1947
1927)
AMortgage Bank of Chile 6s
Waldorf-Astoria Hotel—
78%
dibs
income
A 5s
Mortgage Bank of Denmark 5s
Parana
■
:■? ,-v
1108%
Penn Electric 5s
West
Traction
Penn
West
6s
conv
222
>
de Janeiro
Interest
ARus3ian
A5
BON'DS^ilf5
Exchange
Interest
New. Fork Curb
Period
Low
A20-year
.
value,
par
sale,
x
a
Deferred delivery sale,
:
asked prices;
IFriday's hid and
A Bonds
Not ;
Low
no
High
;
-Av>'V
;
liquidating-'cash'dividend'of $22.50?, plus stock distribution.
HEx
Under-ths-rule eelikS \
W%
being traded flat.
Abbreviations used above—"cod," ceruticates
,
n
sales being transacted during torrent week.
SReported in receivership.
4
e Odd-lot sale,
d Ex-interest,
Ex-dividend:
January 1
Jar
(see
ACauca
1919
Range Since
oi
deposit;
-»
- ----
*«
*'cone»^ consolidated; "cum," cumula¬
tive! "conv/' conveto^^ "M/» mortgage; "n-v/» non-voting stock;
of)
Mortgage Bank
Valley 7s—
Hogota
.2012
Sold
Apr!
7s
7s
20-year
2%.
6%s
Bonds
(Col)
Agricultural Mortgage, Bank
A
tiigh
to
reduced
Government
1921
•No
Friday
2008
stamped (Plan A)
Vis
t Cash
Week's Range
Last
or Friday's
Sale Price
Bid & Asked
(Plan A)..
to 2 Vis
reduced
223%
202% 206%
3
104% 104%
stamped
Interest
208%
Rio
t debentures
s
208
—-
*124% 229
5a———
Newspaper Union—
Western
.1972
80%
108% 108%
3 Vis-
Wash Water Power
.1931
t6," voting triiit eeitmcatesr |
y;i|
"*J/4 when issued; "wtf," with wartanitsr:<,*iW' without warrant*
OTHER STOCK EXCHANGES
FOR WEEK ENDING MARCH 29
RANGE
Last
.':f> * $£r'X- Friday-, ■'«" Week'i *;
'
.
I
-V;
;
.
'Range
Last
of Prices
.Sale Price
Low
28V4
.
Arundel Corporation
Bait Transit Co
common v
5%
6
t c_.
Eastern
&
Mt
30
17 %
30
305
A com—
Amer
of
84%
172
Deposit Co—
Co
Finance
' 225
423
472
32
171/4
com vtc.
Sugars Assoc
Fidelity
Hathaway
Range Since January 2
Low
84%
Consol Gas E L & Power com..
174
305
66
2
25
-Jan
Feb
34
Jan
84% Feb
90
Jan
19% Jan
15% Jan
168
Jan
30ft
Mar
-
$7
class
A
12%
60
13
2%
" 210
113% 115%
147
21/2
preferred
115%
Range Since January 1
Isle
305
Mar
'
Roy ale Copper
Copper
..
Maine Central
5%
;
Corp (Del) 6?o preferred.
Lamson
RR common.—^..
preferred
Mass Util Associates vtc—
__
Mergenthaler Linotype
Narragansett Rac'g
—1—
Assn Inc
Nash-Kelvinator
National
-----
Cos--.!.-**-*..*
Service
Amsterdam
New
Co—w—
Oil
American
North
"New England Gas# Elec Assn—
5%%
Fidelity
S
comrfion.
Commercial
Seaboard
U
Bakeries
B
conv
Kennecott
Feb
175
prior pfd
Casualty—...
cum
Sales
High
Mar
29
* 6% Mar
4% Feb
28
Class
4;
High
Vernon-Woodbury Mills—
Common
6.75%
Shares
Week's
Sales *X f
Shares
High
28%
6%
for Week
of Prices
-
Low
for Week
31%
Preferred v t c
STOCKS—
Range
Sale Price
Friday
Baltimore Stock Exchange
....
Old
Butte
5s
5s
Colony
6%
Reece
,
*
r
c
17%
United
Last
Sugar Refining
American Tel & Tel
coiri...——^.
100
..100
American
Woolen
Shares
......
—.—
..—..^.^.>50
Copper
Bigelow-Sanford Carpet 6%
pfd—100_
Bna <K Son Inc
———*
Boston St Albany RR^:
—
LoW
—
190ys
47%
—
—
188%191 Vn
43 y» 49 ys
146
199
1,565
45y« 47%
295=
447
149Ms 150
234/8 23%
387/s
Mar
49% Mar
185%
Feb
30% Jan
.
High
45l/s
Jan
58%
Feb
195 %
Feb
56% Jan
51% Feb
Feb
■?#
Jan
U
83% Feb
Corp
i
'.
Inc
Waldorf System
Co..
(S D)
Warren
48
169%
\
Holding
Venezuela
83% Jan
Westinghouse Electric Corp.
:/
'
.
27
885
43% Jan
BondsAmerican Tel
& Tel conv 3s
—».
Elevated Ry—
Boston
High
41% 42%
53% 55%
Low
■
Ip'ty
Range Since January 1
.......
Boston Herald Traveler Corp—-..
STOCKS-
preferred stamped.^
6%
Sa!e»
for Week
Last
Range
Raiq Prlcb
prior preferred
1%
■
Week'i
Friday
Boston & Maine RR—
of Prices
Low
5%; class A 1st pfd stamped—
Shares
.
Range Since January 1
:
Hioh
..Low
High
"
pfd stamped
7% class C 1st pfd stamped
10% class D 1st pfd stamped—
class B 1st
&%
Boston
Personal
Boston
&
Cities
Service
1
•
East
Boston
Easteru
Gas
-V'fv.
'•>
•
Mass Street
preferred
1st
6%
5%
pfd
...
Ry common¬
Lines
Inc
Employers Group Assoc
Engineers
Filene's
First
Public
(Wm)
General
Capital
Automatic
For
Washer
——
footnotes
Bendix
Mfg
Co
Aviation
(George
Borg'Warner
Corp
-
see
page
Brown
Fence
Bruce Co
176Z.
'
19%
9%5Mar
-
10% Jan
Mar
19
185% Feb
4,600
3,800
950
Feb
20V4 ,Jan
13V4 Jari
14% Feb
,25
1^125% Mar'-r ;^34
50
14%
.
:5%
5%
7%
—
11%
20%
..Feb
'Feb
-
,193% Jan
.,
Corp
common.
W) Corp
Corp ; common.!.
&
Wire
common.
(EL) common
w.
,
■,
13%
.
25
,
-
18%
■
42
25%
18%
/
r
52%
•:-••_11%
42%
42%
Mar
8% Jan
14% Feb
650
19% Jan
34% Jan
600
22
■
14%
;
-
11%
42%
i
•
TOO
21% Jan
,
" 42
Mar
'•'•'57%' Jan
5iy4 Mar
•
;
12% Mar.
1,000
' 20y» Jan ■ |
1,000
;
:
V:' 15%
'
50
r
Jan
-
;:
27% Jan
'?■:/55
Feb
Jan
"12
"Mar
-9% Jan
:
39
•
Mar
17% .Feb
?
.46% Feb
100
;
-;i 200
Mar
26% Jatt
.
2,650
■
25
18%
52%
Feb
7% Feb
19% Feb
:
200
52%-
' 12%
22%
li%
Jan
Jan
Mar
9% Jan
550
20-
52%
12%
.5%
15
6%
1,800
20Va
37%
42
^
>"
6%
,16
7%
11%, 12%
20%
Co- common..
common
13%
.15
15
common—
Berghoff Brewing Corp^
Binks; Mfg Co capital
Co
Razor Co
130.
17% - Jan
16
Feb
100
*14%
....
Seelig class A com.
Bastlan-Blessmg
Belden
Electric
Gillette Safety
common
Mfg Co common:——
Athey Products capital—.i—
Borg
General
18%
150
16Va
500
10%400'
13
200
22%
250
189% 189%
..
Stores
National
22%
127
-
Service—.
Sons
Co
&
Asbestos
Barlow &
common
12%
22%V
130
pfd.
Aviation Corp (Delaware)
series A
adjustment
SS
12%
common—
Service
& Tel Co capital
Amer Tel
Armour
preferred B
Eastern
Public
9%
/
Allied Laboratories common..;.
American
16%
r
Associates—
Fuel
&
Ball Bearing
Aetna
,18%
lo*/a
Corp common—.—uAdvanced Alum Castings
...
'
Co—————
prior preferred
4%%
Eastern
er
Trust.^...;
Hecla—...—..—.—
&
Calumet
Prop
Providence RR——...
18%
(J D) Mfg commons—
AdamS
Admiral
,
v.
74%
.
—
Edison
Boston
U
for Week
of Prices
Par
>
American Agrl Chem Co
.
Range
Sale Price
82%
70
69 %
Feb -
34% Mar
126% Mar'
'47%
47
68
U S
.'Week's;;,'--'Sales
47
>
-
43 % Jan
43%
81 y4
—
preferred
Rubber
S Smlelting Ref & Min com—
6%
••
40%
33
,34%
119%126%
;
'£'ft
Feb
42%
United Shoe Mach common
Friday"'
19%
■
40
Drill..:
Drug Inc..
Fruit Co-__
United
*
23% Jan
8
Jan
•7%1 8
Torrington Co
Union Twist
21%
#
.Jan /
•'
18%
19%
Securities com"
Elec
4
-
v,
Webster
&
Suburban
-
Jan
-
'
Shawmut Associatibti
Btone
STOCKS—
Feb
•17%
Folding Machine
'•
h
fi
47% Feb
Hole .Mach
Button
'3; "V *•»%,-.
H
':8l%idar/-[
_—
Reece
Mills Inc—
4% 20-yr debentures (subordinated).
American
Feb
11% Feb
■
Quincy Mining Co
Mt Vernon-Woodbury
Anaconda
Jan
2%
Pennsylvania RR
TTahsit Co 4aL^——197!
series A
1971
series B—:
..197
Baltimore
Mat/*/
133%
lu
Mining
Pacific Mills
Bonds—..
132
preferred
England Tel & Tel
North
National Bank
Western
New
<te Guar—
:
.
22
45%
,
Jan
3
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
163
1755
OTHER STOCK EXCHANGES
Ii
'
;v
RANGE
*
WEEK ENDING MARCH 2ft
FOR
■i. "
Friday
mm
Rnrd .Piston
Ring
Cfestle & Co (A M) common—1
•Central Illinois Pub Serv $6 pfd
10.
W
Util
21%,.
12%
12%
——.*
119% 120 '
120
•
197
V#
15
Chain
34%
common—
Burrell Corp common—,
Chicago Corp common
Convertible
.84
65%
preferred.
81
cities service Co common..-—.——.10
34%
19%
25
i—— 1
500
450
33
17%,
700
17
.15
80.::
100
78%
10%
600
10
21%
500
,46%
400
Wisconsin
Woodall Industrie^
Jan
59.
Jan
65% Mar
Wrigley (Wm Jr) Co capital—i
Ygtes-American Machine capital.--—6
79
Jan
82
Jan
140
120% Mar:
34%
900
267/a
300
Jan.
18% Feb
'
2 It's
Feb
o
-;ry
^
(• %
•i 35% Jan
25
Jan;
47% Mar ;
Feb
17
Feb
' 30
45
Jan
30
50
30
Feb
30% Jan
21%
50
20
Jan
21% Mar
40% )40%
: •
'
200
*
39% gar:
:x
100
26
13'
13%
Doehler-Jarvis
28%
28%'
6%
7%;
.
23
42%
13
Mar
Cprp ———r—5
6%
Domestic Industrie# Inq clas# A;,v—.*•
' "
'
*
;
''
Z
V" *:■
I
Electric Household Util Corp—-——5
Jan
26%
5
12,000
Feb
New
30
Feb
8% Feb
%
(Glenn L)
Nasn-Kelvinator
P" ft'.*
—
10%
'*
"
25
15
550
57%
56
21%
575
,-23%: 2
57
52% Jan
"
Mills
Flour
America
of
5
Inc..—
9%
York
20%
46
50
(Peter)
Fqx
U6%
General
Finance
A_ili—
Candy class
Corp
common
25%
20%
9%
61
Mar"
:! 50
16%
.
—
Motors
General
-
20%.
250
19
14%
100
,
.27
A
Jan
■
Map
.,
Jan
81% ,Feb
12%
Jan
Jan
43%
Jan
23
Feb
if 51% Feb
Jan
110
Jan
94% Jan
106
Jan
3,600
7% Jan
12%
Fen
Feb
46%
47%
700
45% Feb
51%
16%
46%
Co
VP •
;'»U
.
16%
200-
13%
20% Feb:
Jan
,.r-7
common—
43
■-
22%
23%
28
61%
38%
100
J 000
43
21%
27%
-.1
-5
capital-
61%
1:21:
•
58%
■i
C?;'44'> Jan
•25%:: Jan;
Feb
Mar
26 V« Mar
500
Zi
...
|3 % Feb
...
Jan
22
150
10
Feb
20
35
Jan
59%
■.200
2,400
2,300
Refrigerator Co common-.-.*-!
Gillette Safety Razor common
*
12;
35%
37%
Gpjdblatt Bros Inc common. ■Z«i
19
18
19
71 '
71
71
24%
25%"
37%
••
Goodyear Tire & Rubber common...
Co (H W) common
Feb
Jan
74 :• Mar
67,
-
23'/a
% Q cpmmon-^-w-—^
23%
Feb
9Q
20%
Jan
71
26
20%
200
%'
63
1%
Jan
20
69*%
Jan
31% :
600
27%
Feb
34
Jan
66 V*
Jan
72%
Jan
Exchange
Cincinnati Stock
Week's-
Jan
Last mv
f
Jan
Feb
v
Sale Price
.
24%
f
8alee
2
American
Mar
27% Mar
Jan
22%
Products
——__i*
Prior preferred
63% Mar
Participating
Jan
pfd
Lot#
25
100
20
19%
Steel
Drug Co
16%
.•
50
Co
&
?;'tibbf^cSeilfAc Xlbby
Lincoln
18
100
13%
Jan
24
242
17%
Jan
24
13%
17%
■-'
*
Nachman
Springfilled
Pressure
National
Standard
.
,? Mar
Coca Cola
15% Mar
Cohen
'
56
Mar
•111%
,
Feb
.
Jan: ;5
16
14
Feb
16
Jan
14%
14%
4 Jan
25
10
.
Early
Mar
8%
15%
47'
91
i.—10
;
'
5,300
1,000
650
90
•
92
Hatfield
23%
,
Kroger
Feb
'Mar
9%
-
:
72% Jan
300
Feb
92
24%
24%
56
70
48
48
100
48
48
50
,20.
21
200
68%
10
48
Noblitt-Sparks Ind Inc capital—
5
North American Car common.^—20
Northern Illinois Corp common
*
Northwest Bancorp common.^——— •
Nor West ptfl prior l[en pfd—-—-100
;7% preferred
——100
•
50
14%
29%
176
180
Mar
41% Feb
,»
■
•
50
Jan
23%
Jan ^
,
19% Mar
10%
11%V
129% 129%
,
6%
preferred
.
^apitnf
,'
9%
Jan
Jan
32
Feb
Cities
171 %
Jan
182
Feb
135
Jao
174
_>
10% Mar
-
Mar
*
(The) .common————1
Potter Co
...
...
'?■
;
:3%
.
8%
'48
Service
Sangamo jElecfcric
20%
$0. common—-^.-*
Cummins
20
common J
Setripk Corp class B
'•■
*.
f'-'. ■.■.
Lathe
Works
capital
42%
20
44%
'
10%
4
1
St
comment——
Louis Nat Stockvards
20% Mar;
200
250
600
10%.
28
36
19%
200
19%
1,100
Stein. & Co class A
450
31% Jan
27%
;
capital———*
25%. 28% "
37
Texas
i;l;
10
*
common.
40
42
50
53
f
—
;
__
39%
Corp capital
25
For
(J R) common—
footnotes
see
page
25
1762.
'
«
Mar
8%
37
62% Mar
67%
Feb
32 ¥4
Jan
42%
Feb
50
Jan
53% Mar
53%
62
31%
33%
Feb
25:
-rr
33%
31%
34%
11%
11%
12%
*
697
16%
16%
122
28% Jan
■■
34% Mar
26% Mar
107
—
36%* Feb
27% Jan
197
•:v
33%
34%
34%
Feb
14
Jan
9% Jan
—-
;.":
-385
71%
74
25%
49%
Timken Roller Bearing..——i——-i..*
59%
69'/#:
72%
15%
-
Feb
70
Feb
20
,
.•
t
—
587 /
Mar
•41%
BOO
-
-
19% Feb
80
- Jan
58% Mar
58
25% Mar
Feb
*
-
49% Mar
,'-65
Jan
;
-Jan
Feb
,
7%
1,150
.43%
3,100
50
Akron Brass
•*
Allegheny
American
American Tel & Tel.
Sale#
for Week
:
.Shares
6%
16%
17
75
•.
200
4
51 '
415
...—100 * ;z-iz v-i-" al89%al01%
;
Range Since January 1
U f'XowV;' 4;.
8%
6%
'Zl":K
5
■
High
8%
1
Cbrp
of Price#;
Low
Mfg—*
Coach & Body.:
Range ■:
':auihd^
8 -"'-Mar
5%
9
Jan
;
16% Mar
'
--Feb
8% Jan
i
18 :
Jan
Feb
83
185%
Feb
154
28%
Jan
35%
195
28% Mar "
45
-r
City Ice & Fuel—.
Jan
Cleveland
8% Feb
■
25%
25%
39%
41
n:t
39%
290
37%
'
Feb
31,
Jan '1
150
21
650
v38
■
..—U.¬
a32% a327/«
32%
Cliffs Iron preferred
: 50
;
ZZ*1
18%
Feb;
"
39%
1,000
37%
Jan
^
59-- v.
.17 %
100 i
100
-
53% Feb
,17%. Jan
,
Dow
Feb
Eaton
Jan
<
';i Feb
61 *,
x.18%
Natural
,
Gas
100
.29%
....
Erie
t> ,/•
Chemical common_u_..:—
;'
165
£
Mfg
Electric Controller
Railroad
—
ii;
(UN)
Feb
102%
30%
515
26 V*
Jan
34%
a48%
70
42%
Jan
50
100
225
96 v
Feb
Jan
Faultless
Jan,a
Firestone Tire & Rubber-com
Rubber
a48
Jan
165
165
a62
a62
:
-
100
143% Feb
Feb
Mar
-
_
«■
(UN) —25'
''Z'Z';
;v'.
169% Jan
•v'71
Feb
10
61% Mar
72%
72%
45
6%:: Feb
72% Mar
17%
w
:
29%
:
Mar :
26% Mar >"
41
common
■
22 v1
a:
Mar
1,600
17%
r
Corp
Consolidated
Jan.
48%
Jan
-
44<ys
,
20%. 22
59
.
Sglf Price
Por
.
37% .Jan;
-
■'
Last
STOCKS—
Exchange
Week'#
Friday
Jan :
20% Jan
'20% Jan
-
Mar
6
Claveland Stock
Jan
18
65
16% Mar
23%
28% Jan
' Jan.
80%
:'./<■ 31
77%
-31
77% $y l-
10
20
66
31
>
Feb' :
32% Mar
326
.
47%
13%, Jan
.
Feb.
37:
49Q
39%
50
i.
25
Thompson
,
179
'
capital
Co
61%
101
235
23
Cliffs
.V 20%
Machine Too) common'
38
21
2,200
:7%
43%
8
Swift &
443
,
:
,
'
common^.—.
Corp common..—
Corp
70% Jan
vOO
6%
66%
24% Jan..
,
17%'Feb
35%
.
45.
Jan
16% Mar
19%
37
'--—2
.
vSunbeam
Feb
CO CO
Feb
-
31
.
Jan
9%
50
.
Mar
33%
^
8
Dredga common
—__1
•
;•
i'...,■ v.<:
Standard Oil of Jnd. capital
—.—10
Storkline Fur
Jan
Pure, Oil;... .25 V*
PtianHnrd Brands
•
49%
.9% Feb
27
,
18% Mar *
,
2,100
:
16% ,17
Standajd
Pundstrand
Jan
11
Mar /
50
;
^
Spiegel Iric
Jan
11%
Feb
Feb
410
:
Slgnode Steel Stfap Co. common—.*
Sinclair Oil Corpi—i—.;
•
Bend
18%.
43'^
1
capital
21
.'29-- 29
!
Sears-Roebuck & "Co capital—
South
34%
Jan
9
^
Raytheon Mfg Co common—50c
.-."j.'*
Jan
9
66%
...
■
Feb
,;:47%,Feb
:
Jan
.,v .
Schwitzer
; 118%
Feb1-
7% ..Jan
5P
..
8
10
General Motors w—————..1Q~.:
11%-Feb
•
41% Feb
90:-
500
8%
28%
Jan
135
Feb
130
8% May
108%: Jan
100
"49V'-3O'-
-
6
106
w
Jan
13%
.
127% Jan"
1,200.
43.%::44;::
IIO r 110
56% Mar
60% Mac
'
10
9%r:;r; 1,500
115% 115%,:
;
2Q;
k; 4?%"
: ; an
Peoples Gas Lt & Coke capital--—100
Perfect Circle (The)'Co_.^—i.*;
: 67% Mar
Jan
44% Jan
100
37
Columbia Gas
9%
115%
.—->.100
—
Pennsylvania RR
-
8
R eom.^..;
55
9
6.
—
pjiobpdy boai. Co Alass
Jan
if air
9
.
66%
-r
Rolling Mill
28
Ice" $z Fuel......—.——*
16%
28
5,456;
-
Jan
65% Jan,
:
68
234
7
.32
75
,v,-,
•
.....—*
Crosley Motors
11
,
pf<jLii—100
37
71
,
Unlisted—v
City
."
'
Oak"; Mfg; common.—r
PklahojpaTGas
Mar
116% Mar
9
American
Mar
Jan
700
,'
24% Mar ;
57
24% Jan
110
.
Jan
50
67%
56
32
Jan
10
60% ;■ 4:
f
Febt
Mar
;
Jan
■'-13.' Mar
38% Feb
Feb
;r-t
69
32%
!
14
20
,
*;V;?
—
Preferred
48
t:v.
*,: .:;67
Playing Card
U. S. Printing;—
116
.
13% Jan
180
Jan
30
56
9
•
—-*.
10
——i£.
U S
Jan
70
30
67%
10
Gamble...
&
19%
80%
17
Jan
17 ;
105 V2 Mar
37% Mar
21
i
Feb
9
:
—
i-~.
::
56%
,58%
:
—;: —4:
Pumps
Rapid
;
"f f
156
7
Randall class B——
Mar..
28%
;
Jan
45
...
Preferred
550
".
,,v
i7i..:;174
.
40
•
50
i4%r-
28%
,
24% Mar
1,150
J
:
:
—.—*..
'
-
National
,
Jan
8
22%
■;
'
Lynkenheimer
Feb
50
.
4
69
:L.
■
-100
————
Procter
45% Mar
6% Jan
37%
12
•
*-
part preferred:.
A..'i.
Leonard
16% Jan
18% Feb
:
25
30
i*
...
13
174%
IV* Mar
115
11% Mar'
40
no
:::
Jan
180
Jan
20
;
Mar
11%
22%
;
'
14
89
178
105
Mar
5% Mar
805
37%
,
.
;
14% Mar
111% Jan
352
15%
116% 116%
Hobart class
-
62
105
.
Mar
49: " Mar
.-v.
Jan
16
50
f,
Gibson''Art
25% Feb
650
•
34
5% Jan
14% Jan
300
•7%
7%
21
Feb
17% Mar
r
30% Fel)
,
200
:V
14%
—
::
520
11%
,v 22%
•
*
_____^_100
——
Preferred
,
common—2
common
1,100
47
•
common—--—*
Cooker
►";
17
7%
,
2,550
,8%
15%
16%,
11% Jan
11% Mar
13,
Jap
7%
15%
-
—
15
7
18
13
* ,*
12% Jan
6
114%
104
*
—
&• Daniel
;
6%
■:'l8''-:Mar
it
178
(Dan)
Eagle-Picher
Mar
50
f;
15
114
___*
class A
Crosley Corp
.10% Feb
Jan
46
: 900
-
25% i
25%
8%
0
common-..;
17%<
32%
15%
10
.
N*cionai
7%
19
30
1,600
-47% ,49
22
21 "'
-25% •
vtc—=—
••
•
17
Feb-
500
?
13%
13%
27%
;
48;%
Mpntgdmery Ward & Co com—I—-*
'
110
400
9
49%
_
bfodine Mfg common........—.1* '
'•
30
Mar
,-39: :. Jam
Jan
12V2 Jan.
66 ";::;"55% Jan
23%
49
10
750
56
22%
Minneapolis Brewing Co common."—1
Co
15
18% Mar
■
;
Mar
16
Cincinnati Advertising Prodpcte
*
Cincinnati Ball Crank......
—.—5
7%
Cincinnati Gas & Electric pfd—^—100 • 114
CmcinnatlStreet—15%
Cincinnati Telephone
J5Q.105
Cincmnatl; Union Stock Yards..^.—.if ; ; 11 %
31%? Jam:
•
1 Jan
14%
2,450
•
111%
31
*
•
common.
Chemical
Feb
28% Mar
13
Mar
14%
.
■Forpica .Insulation
Hart Inc common
prior preferred—
Monroe
17
56
13%
common
Miller &
$1
"200
6
j
Jan
Mar; '
6 % Jan
18
Churngold
Jan
'^39%
Mar
44%
Jan
27
8%
•
Mlckelberry's Food Prod com
1
M'ddle West Corp capital—————f
Field
6
50
49%
-v.:
Ll|ht & Chemical com—
Marshall
80
22%
—1
Printing Co common———-1
Lindsay
9
110
.
*
common
Cumulative preferred
20V* Jan
«
Jan
30
14%
<
110
—100
tjk^ Biatte iExt trniv^^ poihmpn-i.^-——^-5
Leath
33
200
16%
14%
*
—
350
31%
17
9
common.—
Kellogg Switchboard common
Kentucky Util jr cum pfd
£f% preferred —
37
,30
30
Interstate, Power $6 pfd—————*
Katz
17% Feb
33% Mar '
16%
'
Warrants
.:
200
31%
31%
common————1
Prod
650
37%
36 V4
Pneum Tool vtc new————*
Indianapolis Pr & Lt common-—'f—*
Indep
Indiana
20
35
v
common—-..--100
RR
46%
:; 6
1% Jan
22%
.,
Central
capital——.10
Brick Co
Illinois
High
40% Mar
;
16
-24
.
*
:.
"•>
4
6
*4
i
755
42%
6
...•
—..f..—.8
Bpyger Brewing"
';;v-
41%
■
v
Range Since January 1
Hloh
41%
7
Baldwin
33% Feb
ft'.f
Illinois
\
Range
for Week
of Price# !
Shares:
Low
Far
Laundry Machinery—....20
American
23%, Jan
:
Jan
150
:
30
62% Feb
-
•
-
100
22
29%
5
55%
200
Feb
29
% Mar
10.
Feb
68%
50
common.
r
Mar
.
25%
r
16% Jan
10,400
63
40 %
'
19 % Mar
"500
20
Jan
31
Corp'common——1-—1
Rubber Co
:
19
30
Mar.
20% Jan
?■
22% Jan
1,100
Jan
700
Feb
^7%
:
Feb
51% Jan
300
1,250
"
Rights''
-—
—Spencer Bartlett common.——25
Horders. Inc common——•
common—
Jan
a1,'
100
24%,..
19%
Hibb
Inc
'■
"f;
319;
15% Feb
34%:
"
8 tu d ebsker
■■■
9Q
19%
—
Harvey
24%
..400,
; Mar
"79% Feb;:
14% Jan
.
11% Mar
\
16%
■■16::
25
.
68%
Standard Oil of N J——..—.^.^25'
-
2,200
33
STOCKS--
HarniscMeger Cprp comfnon————10
Heileman Brewing Co G capital—
1
Hein' Werner Motor Parts
8
Hubbell
500
:
16%
25
16% Feb;
Feb
"
•
Gossard
-Great Lakes D
*1
70%
25:';. e23
•
rv.
Feb
10
9% Mar
600
71%-73%V
11% 12%;
yo (The) common
Uorp of America common—
•
Republic 8teel Corp common—5
Standard Brands common
__1
*
Feb
.
12% Jan
9%
J————100
Corp common——10
Gibson
M
Mar
17%
Feb
18.
,
8-8%-
Radio
Feb
"
Preferred
r»
Feb
U S
20%
14%
——5
1
Pure OU
-k:28%- Feb::
Jan
t|16% Mar
28.
Jan.
:
1,700
„
; 29% 29%;
Brewing ^odiRioni^—l1/*
General
11;
Jan
'
19
14% Mar
104
.1
Corp.—
Central RR
Pullman Incorporated
'
850
9%
,
117
Fout> Wheel Drive AutqID•"
v
39%
"38
i'fi'Si',
v»
8t San com..—*
Paramount Pictures Inc.
'
Elgin Nat Watch Co——-——
■
-
-
■
■
Jan,
Jan
Jan
'
Jan
16
28V* Mar
300
r
^ f
.»•
Jan
200
26
& Cohn Ino com—-—10
Feb
42
;:79% Jan
/
Curtiss-Wright J
General Electric Co—————.[1
Interlace Iron Corp common...
Martin
(f
lU'.)
80
,
'
■
r x'l v
1
..
...
Anaconda; Copper Mining
—80
,■
Atch Top & Santa Fe Ry com
100
Bethlehem Steel. Corp common—,^—.* 5,'; .L.
Jan
31%
Dodge Mfg Corp common' new!—-1—10
■
i<"/
*
common
Unlisted Stocks—
34% Mar
25 %
1,600
10,400
47%.
30
*
•
common..
Feb
20%
47
Crane Co' commop„___.-__-_—..25
Decker (Alf)
Bankshares
Jan
10%
•
97%
Jan
15
34%
Jan
17
52%. Jan
<
>
:
32% Mar
38
Jan
112% Mar
Feb
34%
36%
300
.
25%
33%
.112%
—
23
100.
81
800
37
Common
Wieboldt Stores inc common.—
-16% Jan
Feb
.
100
Jan
54%
Westinghouse Elec & Mfg—
:
Jan
-
100
;
39%
Jan
1,400
:
.
19%" 20%-
partic pfd-'-Z—50
' Coinmoii part sh vtg A—
'Common part §hs vt'c B
;
65%
*
28%
100
30
19,250
46%
28%
41%
20,
8%
.: 44% Mar
46%
..
.
common—^
100
34%\35%?
.
.5
w—"
30
-.
Mar
-
101% Feb
41%
Feb
|98% Mar
''P
31%
35 V*
vtc
124%
Jan
200
112%' 112%
Walgreen Co
Jan
.*' *■*' i
51% Jan
Jan
U S Steel common
•,
American Radiator &
Consolidated Biscuit
Co
13
•
r
25%
310
'
Feb
13%
860;
54
8^% 85%<
United Light & Ry w I——
Jan
Hiah
tpui,
30
53
__
papltal———*
Upited Air Line Transp capital—.
Feb
5% Feb
25
20
Commonwealth Edison common—
Consumers
164;
*
a
Union Carbide & Carbon
Range Since January 1
High,,
28%
—
425
34%
20%
129% 131
—1—5-,
common
%
41%
113
:
Feb,
115
:
450
-
9%
81
Chicago Towel Co com capital——...*
Chrysler Corp common
5
'Hi
•'
Coleman (The) Co Inc—
',
8%
r9'/»
1
-
"3,070
-
16
20
5
—
:v'V"8o*-
»
|94;\l9$%
Jan
i
Jan 1
10%
1,350
■
3?'-
v'zv
Feb
Co
(The) common
——6
208 8outh La Salle Street Corp com—*
Jan
33% Jan
100
12%
SOC
27 %
3% Mar
21
Jan
Trane
15% Jan
d
Jan.
xl07
140
■
21%
^
Co
Jan-
700
Central- States Bower-& Light pref—•
Belt
25%
-4%
•4%-
-4%:
:
ft • yPrererrecT
Cherry
1,400
350
109% 110
110
1
common—
Prior lien, preferred--
,
^an^
Low
Sales
for Week
Shares
of Prices
High
;
■
10%
22%
650
41
39
._•
Cpntral 111 Secur Corp common
"Convertible preferred
Central S
29%
AW'
v
400
Ki
:23/^23% i
28% 29% ;
-12% r'/2 3;"'
brothers
Low
High
13-V'V
1
common.
Bprton-Dixie Corp
Butier
Low
Sale Price
;
Range
>
,
STOCKS—
.Range Since January 1
Shares
of Prices
Par
Week's
Friday
for Week
Range
Sale Price
m-
Sales
Week's
>
Last
STOCKS—
Jan
' Jan
Jan
THECOMMERCIAI,& .FINANCIAL CHRONICLE
Sfctnday, April 1, 1946'
^ OTHER STOCK EXCHANGES
:FOB
Sales
:
Week's
Friday
of Prices
General Electric (Un)
General Motors
High
tow
„
t
-• ^*.V::;::;.a46% a48 ;>j::'x'-':-226i
M;..y I>71%a73%; •r24l:
—
-
:{{■,: -V- -■'>•;.-X-.v.--
Higli
COMPLETE INVESTMENT
FAIRMAN & CO.
Jan
45
..,52
Feb
80% Jan
,70% :Feb; v180% Jan
,v:
"
Co
Glldden
(ITN)
common
" 41%
.,
,
—*
com———,.*
Gray.:Drug:.Btores—i-^w—i;*—v
Great Lakes Towing common—-.^.—100
(B F) common
Goodyear .Tire & Rubber
■
Halia Bros
Preferred
Interlake Iron
'
ai6%*.17
McKee
Jan
20%
62' '■ -
40
Mar
Jan
725
..v..
■
65'
47%'
S5 ; f ' 65
(A G) 'f'B"—^f
Portland Cement.
—• ■*4Vfc ':' 47%
53% Feb
17%
£,;>
/£;•;.\ijW ]
:-iY
a36% a36%
:6%"
6% ''
&
.•
-15% '15%
28
28%
•
loo '
100
.
39
32% Jan
• 6% Jan;
90
-
■
National' Tile &
■
;
12% Jan,
'
Ohio
.26
34% Jan
19% Feb
220w
a37% a37%
mmt'
23%
:
Sargent—
Pennsylvania RR (Un
Radio
■
•'
24%
25
Oil ;.(Un)-——
Patterson
25
„
23%Mar:>
39%
Feb
■
" a43% a43%
.Feb
47%
>+7* 1 ;;41% Feb
Corp
Feb
Republic
Steel
Richman
(Un)—
Bros
27%
34%
56%
.25%
29%
35
34%
433
..
56
—
268
.
Corp. commonCorp 5%% pfd—_
53%
53%
54
54
75c
80c
Bros.
Jan
Cessna
Jan
Standard
U,8
40%
5%
a5T% a57%
51% Feb
Jan
Steel; (Bn).
Van Dorn
294
25%
Chem
White Motor
—-~
:f
30
Creameries
new—
21%
&36K a36%
.
-;VV?
■
••;
;
44
,61% Mar
Feb
America, Inc..
'to.
Fitzsimmons Stores
156
48
114
244
6%
6%
Jan
24
415
34%
Jan
45%
30%
Jan
Feb
32% Mar
22%
Feb
27
25%
27
a99%al08%
5
170
•
■
27%
566
14%
16%
3.478
14% Mar
20%
Feb
13%
13%
100
13% Mar
1
1
8,388
'
—
I
15%
8%
Mar
NewYorkStocfcExcbange
;
14%
Feb
1.25
Jan
44% Mar
19%
Jan
'
130
8
:
Jan
Corp
a
13%
71%
1,588
70% Mar
•
23
23
160
30
30
320
21% Jan
27% Mar
69%
70
295
61% Feb
Ford Building
Oil
class
A
Development
common—.««*.*
83
84%
697
l
1.50
1.50
289
•
Co
Motor Car Co
Intercoast
m
n 33
33
110
28
27
»
10
35
Uncolh
Petroleum
cr>
y
Menasco
Last-
f
■.'m';.-.-,:■>■'
'V
Allen Electric
:
}
—
1
«h—1.
"
5%
.
Petroleum
20
1.35
1.45
,
Shares:
Occidental
''1,450
5%
,5%,
.
*mmm
«•_
'
—
,
•'
,
4%
a39% a40%
49
^
Diesel-Wemmer-Gilbert
—
—
Detroit & Cleve Navigation—.—Detroit
Edison
Detroit
Gray
■;nf;
35%
10
—20
—
35%
7% % 8%
— *-
27%
26%
'
Iron—
19
Jan
5
Feb
19% Jan
.
-
:r
21% Jan
11%
23'
Jan
17% Mar
17%
23%
Jan
.•;•/-.\
'•
'
35% Mar
35%
YS
23
10%
9
h/>
35% Mar
7% Mar
27%
■5%
10%
-
9% Mar
Jan
27% Feb
5% Jan
*
Friars Ale
**
Gaf Wood Inc————
13%
12% Jan
72%
71 y«
71% Mar
6
'
5
.5
6
■'
18
24
24
23
23
18
34
17% Mar
17%
28% Mar.
28%Mari
8%
8%
y:W#
_—
.
•
8
*
:
3%
3
37%
37%
Lakey Fdry & Mach common.
13%
13%
4%;
4%
2%
2%
4%
2%
Screw
Masco
Products
,
McClanahan Oil common..—.
Michigan Sugar common
Murray Corp common
Park Chemical Co
6%
common...
Prudential Investment ——;
•
"7% 1
6%
11%
Jan
Jan
7
Feb
•
Jan
Mar
21% Jap
Mar
12%
5% Jan
36
,
;
7%
Feb
Jan
11%
39% Mar
5% Jan
4%
4%
Jan
6%
.7%
Scotten-Dillcn
;'4
13% Mar
4% Jan
39%
(H W) Co——
River Raisin PaperRickel
Jan
Jan
10
4%
Jan
9% Feb
3%
.,17:
.4%
6%
Peninsular Metal Products-—
Jan
2% Mar
18%
39%
Parke, Davis common..—-..
.
5
10%
6%
10
3% Jan:
Jan
4%
18%
V-'S
io y8
Jan
'39 '
.
~
"
8% Feb
15% Jan
23%
\
8% Jan
10
mmmm
Packard Motor Car.
i
Mar
Mar,.
■
Feb
18% Mar
Mar
35
35
—
•
Jan
7
25%
7% Jan
Co—*——..
Kresge- (S S)
-
Feb
i :34 v-Jan
Jan
20
20
8
3%
Feb
Feb
8
20%
20%
—
.
,
10% Jan
31%
33%
Mfg common
Motor Car.
Hurd Lock & 'Mfg——
•
« 17%
Hoskins
Feb
80
,
Mar
12
.
15% Feb
Jan
Jan
6%
12
—
Hudson
King-Seeley Corp
Feb
5%;
Hoover Ball & Bearing—.——
Kingston Products
Kinsel Drug ——
Jan
6%
6
—
——
—
Graham^Paige common
4
72%
5%
Michigan Die Casting-
Gerity
2% Mar
3
" 7
12
13%
—
General Motors common—.—
Goebel Brewing
2%
Jan
4% Mar
.1
Detroit-Michigan Stove
4,
Jan
,7
4% Jan
5
Jan
'
Union
Investment
.
——-
1
Warner
•
200
14%
308
14%
1,315
6%,
11%" 13 v
Products—
.
550
14%
.6%
Aircraft common.
For footnotes see page
14%
1,958
1,725
14%
Walker & Co class B—
Wayne Screw
5%
12%..;
8%'*'
9%
United Shirt Distributors.
S Radiator common—..
U
1762.
1.50
7
Jan
Jan
39%
Jan
1.55 Feb
20c
"
-
Feb
lO'/s
Feb
30c
17%
:
Feb
20%
Jan
1.50
Jan
1.15
Feb l
37%
Feb
-
1.05
2,700
•
Jan
8
15,943
5,200
9%
725
1
24c
29c
19,200
Jan ;
42% Jan
|
,
14
14
315
11% Feb
1,400
5,300
1.50 Feb
24c Mar
1
1st
•;
Rice Ranch Oil
Oil
Co
Corp
6%
Feb
37c
Feb
8
8% Jan
60c Mar
Jan
:
10% Jan
x 37e
Jan
-%.'14.,; Mary
Oil
5,390
4,285
9%
Jan
8
Jan
Jan
63% Feb
of Calif
3% Mar
100
150
a29% a30%
8%
245
8
25%
Jan
10
59
35
53%
34%
200
31%
Jan
12c
17,000
9c
Mar
28c
22c
30c
19%
120,616
19c
Mar
50
19%
a36%
48%
14c.
t 30c
Feb '
20%
Feb
23% Feb.
33%
Feb
Jan
39%
Jan
Jan
49
"Feb;'
32% Feb
30%
;
29% Mar
31%
41%
1
41%
:
228
407/a Mar
42
Jan
61%
195
55% Mar
65%
Feb
48%
50%
3.040
9%
8%
9%
20
19%
25
952
20%
19%
25%
v
-
200
Air Lines Inc—.—
Mining Stocks—
■
Juneau Gold Mng. Co...—10
s
Co.—10c
Calumet Gold Mines Co-..—............110c •
Cardinal Gold Mng Co..
——O'
Cons Chollar G & S Mining——I
Alaska
'■■■X;''
:
—
—
—
6
6%
15c
-
42%
;
Feb
.
*
50% Mar
9% Jan
;:;:7%;Feb;;
18% Mar'
21
22% .Jari;
21% Jan
16%-Feb
50
23% Feb
Feb
Jan
:
s
"• ;'Jan"-
27
26% Mar
33% Jan
33% Jan
8% Jan
12% Feb
...
a9% a9%
15c
15c
,V
18c18c
12c
13c
; 2.20
2.30
-
30% Mar
2,616
1,862
50
•
—
Black Mammoth Cons Mng
V
2.041
:
25 26%
a29% a29%
Co..
15c
16c
13,000
2,000
12c
Jan
18c
Feb
15c
Feb
21o
Mar
2,000
12o
Jan
20o
Jan
1,100
2,000
4,800
6
Feb
8
14c
Jan
24o Jan
.
2.05 Mar
2.60 Jan
Jan
Unlisted Stocks—
Rad
13%
Jab
:?"8%
10%
Jan
16%
Feb
Jan
14% Mar
6%
Jan
13% Mar
to
to Refining
21%
68%
al89%al91%
a68
a69
a46Vs a46%
Co.—*
" 68%
Tel Co.—...... 100 a 190%
Corp..............14
■ —
Co——..—60
a46%
Armour to Co (HI)—.
—5
14%
14% 14%^
A T &' S F Ry Co——.—..100"'*al03%' al02% al057/s
Atlantic-Refining Co.
——.—-25
,
— ;
a40 .a40,
Aviation Corporation
...3.
' —.'
11% 12%
American Tel to
Viscose
Anaconda Copper Mining
-
Baldwin Locomotive Works Vtc——,13
Barnsdall Oil
Co————:————5;
———*
Bethlehem Steel Corp
625
21%
Stan San Corp——*
..
f
—
104%
,
,
Feb
Mar
61%
50%
Imperial Development Co————25c
Zenda Gold Mining Co——25c
Feb
34% Mar
1,598
621j
31
Corporation
of California
Universal Consolidated Oil
•
45%
15
31%
,
65
Jan
17%
581
48%
30%
«»<m
Feb
21
1,255
a37
a36%
29%
^}
10% Feb
Jan
17% Jan
4% Jan
27% Feb
59
19%
:
65c
?
Feb
10c
,
Mar
Feb
34%
•y
,44% Jan
52%c Mar
14% Feb
3%
Oil
Western
1,487
8%
Inc common
Transamerica %
Union
3,235
2,400
16%
10c
•
-
Sunray Oil Corp———.
Textron
10%
a26% a26%
Original preferred
25
6% preferred class B_
25
5 % % preferred class C
25,
Southern' Calif Gas 6% preferred—25
Southern Pacific Company
Oil Co
4l"'-\Jan:;
55c 62 %c
9%
a30%
^
6% Feb
8
9
44
Feb
15%
Co..
Amer
13%" Jan
4% Jan
Feb
59
-■
8%
•
Corn.
Feb
42%
——
Southern Calif Edison Co Ltd*...M.25
Standard
16% Feb
117
;
-15
Trading Corp
—25c
Signal Petroleum Co Calif..—..—1
Aircraft
Jan
300
Shell Union Oil Corp.——
Solar
13
i
438
9%
Inc—*—.* •
Company
30;
Jan
2.70
44
16%
Sierra
Sinclair
106
75c
Jan
44%
44
—
Stores,
Safeway
Security
American Smelting
9% Mar
13
Mar
43%
;
3%
Feb
Jan
14
45c Mar
1.40
a58%a59%
—;
Warrants
Feb
8
55c
2.05
14
^
-
common-
Ryan Aeronautical Co
Jan
11% Mar
'
-
Republic Petroleum Co common.
Richfield
13%
Mar.
10
preferred i —i.——4^-25: *:. 44'
Lighting Corp common——*...* ; a587/a
8%
Mar
45c
1.95
Corp^
Pacific
American
'
Mar
55c
Pacific Gas to Elec common.—..—2ft i
13%
6% Jan
—
,,
Petroleum
10
Standard Tube B common—
Brewing
Uayiltrco
Jan
33
Mar
.'SOc
Oil Co.—
4% Mar
6% Jan
11% Mar
7%
13
Sheller Mfg new common-
Tivoll
1.45
—1
Pacific Finance common—.
7% Feb
''
Jan.
Jan
3% Jan
16% Mar
16% Mar
5%:
common
.4,200
V'V; ■ '215?.^
Biff*
15% Jan
15% Jan
■-•
10
Oceanic
Bakge Since January 1:
£ois
£pipt
—^..1
16% ■
16%
,16% 16%
482.
1
4
4
"
' 4:- -,. 4%-1,200
Brown, McLaren
— —'./
4%
_•
e
*-*—.♦ %<■ ' **
18
18%
210
Burroughs Adding Machine
IIlio :J21%" .21% *150
—10
Consolidated Paper
——
21% 21%
l
I ''•
...—-—,.1
Continental Motors
■
18%
...18% 18%
255
.
91%
y ; 1.90
9%
Co
Corporation, Ltd
Northrop Aircraft, Inc.
for Week
■
■
i
Mar
Mar
1.05 Jan.
7,400
Corp
Nordon
HUth
Hiah
5%
70
'
Monogram Pictures
.
^
1
Bange
Lots
tow
31'";: Jan
Sales
of
of Prices
Pat
Par
Baldwin Rubber y*——
.
>
■•
.,
Sale Price
STOCKS*-
Feb
Feb *
26
,
£farf
3.400
25c
20
.U...—,.1
1
Manufacturing Co
Merchants
Week's
1.20
20c
inn
,T t.,
Mascot " Oil '' CO.—.
Detroit Stock Exchange
15% Mar
79%
?
1.35 Mar
180
1.10
:
83
f
1,845
8%
I
Lockheed Aircraft Corp——1
Friday
35
8%
Petroleum Corp
10c
Co.—————.10c-
Lane Wells Co.—
'
.
■
Hupp JMotor C&t Corp*——1'
DETROIT
Telephone: Randolph 5530
j
9% Jan
'
Hancock
Jade- Oil
'
,
..<■
Hunt Foods Inc common..
Chicago Stock Exchange
Detroit Stock Exchange
.
10% Jan
10
14%
73%
278
common—
Paint Corp common—
Hudson
New York Cut¥ Associate
^
32% Jan
Mar
85c
150'
15%
8%
24
Motors
Holly
; Mar
27%
15%
X.
Feb
15
1
Goodyear Tire & Rubber Co com-*..*
\
133% Feb
23% Jan
17% Jan
General
Gladding McBean—
Feb
—
a
r
Jan
9%
21 y. Mar
3,773
2.477
A———,1
—
Jan
Jan
Mar
176
Jan
120% Mar
50
:;;">;448:y
6%
:
57
General
WATLING, LERCHEN & CO.
7%
Feb
Jan
Garrett
Cojrp
Jan
6
5% Mar
135
al9
21%
Jan
1.00 Feb
.
"
32%
27
Radio""
class
54
!
Feb
4% Mar
48
32%
a99%
Parnsworth Television
:
Jan.
..Jan
75c
2,433
2,320
1,334
21%
32%
Electrical Products Cnrp
Emsco Derrick & Equipment Co
Exeter Oil Co, Ltd class A——
Jan
74%
Feb
35 ya
20
164
a67y8 a68%
'
common^
A
"V
'•:&:">*.41%;v -42
■DouglasJ.Aircraft'
34% Feb
5% Jan
Jan
4% Mar
290
4%
54
:
:
300
57
",al8% '
—
■
6% Jan
53% Mar
"
al27%al30%
..
of
42
50
Jan
97% Feb
Jan
29
617
31
4%
l
'
Youngstown Sheet & TUbe
30
4%
2
——
7
5%
155
Dresser Industries Anew)—.——500;
Iron. Works————f
100
,:.9 V 9
preferred.-.—*.—
Consolidated Steel Corp—
Preferred
....
Warren Refining &
«%/
5%
.5%
Feb
68%
79%
3% Mar y
400 '
,
5%
54%
57
'
Mar
49
52
84%
84%
—
:
6%
Corp-i—..—.^.100
Co..^—
1
Colorado Fuel & Iron
Feb
60
:
20% Mar
205
a24% a24%
Of' Ohio.
Oil
600
'
Chrysler Corp
tV; 34%. Jan
;
Jan
Aircraft
Bange Since January 1
'
4%
-
TUompson Products Inc..
Sales
for Week
High
4
Central Investment
V;
"
a27%
Reliance Electric •'to: Eng.
TRinity 4121
—
y Shares
24% Mar.
-,.27
19
...
of Prices
"
4%
Berkey <fe Gay Furniture Co—..,
Blue
Diamond
Corp
Bolsa Cbica Oil Corp.
Broadway Dept Stores Inc common—*
,
35% Jan
Mar
278
35
363
••
.
Jan
-
Sale Price 1
£010
Barker Bros
*
Ohio Brass class B
•
Exchange
:^.Banga',
Barnhart-Morrow Ctnsolidated.
Feb
19
y
STOCKS—*
Last
Bandlnl Petroleum Co
7%. Jan
.
s
'•
•y/r;
•
Feb
19
Barker
•';Nationai^Acme-;:*^^*&2^S^i4.*^
"
Week's
Friday
'
Feb' ^-v95v'-Mar'K'
48
Mar
Jan;
.
Unlisted Issues
—
SCHWABACHER A CO., SAN FRANCISCO
,
Feb
V'Cv?£
225
Direct PrivaU Wires (0
Los Angeles Stock
•
17% Jan; ;
30 - -56
75 £■; 40
16%. Jan
i
.
17%
17
17
\
v
•
14% Mar
14% Jan
1,581"
15%
Listed
,
"
;
Exchange
West 7th Street — LOS ANGELES 14
210
•
Feb
32
'
BROKERAGE
Mar
55
Mar
AND
FACILITIES
Mar.;
11% Mar
89
Mar
y
13% Jan
26
15%
14Va
15
^
Metropolitan Paving Brick-—-*——*
,Mfg—,
-*
Nestle LeMur class A—.——*
N Y Central RR (Un)
—*
'
Feb
'
107
a44% a45Vix
14%
■;
Sessions.———10
'
Medusa
54
65% Jan'
~
r
ALLEN £ CO., NEW YORK
";':::38
Jan
'12
75
167
,
27%
27%
;
?
Member Los Angeles Stock
Feb.
Feb
35% Mar
35%.Mar
;
31
140
11%-• ■'! r 25 ~
46
84% Mar
84% Mar v
71V*
71% Jan :
"26 " Jan
26 " Jan,,
30% Feb
55
,
,
'
22% Jan
50
11%
Feb
58% Jan
105
a87% a87T/a
—*
(XJh)—
35%
37%
55
'
*
Jaeger rMachine
—T4 ■'
JoneS • fe ' Laughlin^-—
KeJJey Island Lime & Trans——I*
Lamson &
34
Jan
68
245
37%
35%
—
: 55
50
i—-*'■
—
(Un)—
36%
205
25%
25
,
————
Industrial Rayon
'
.
common—————5;
Harbauer Co.
.
V
42%',
a83%a84% :/—< 125
B70%a70% ::
442
Soodrich
''
.
January l :
Range Since
;.7.'£otUy;: V::
•
V.
WEEK ENDING MARCH 29
>
For Week
Shares
tasi^Sn: Bange
>
■
Sale Price
-
a32%a33%
29% 29V*.
104% 104%
.
17% Jan
299
•66 V4 Mar
68% Mar
592
186% Feb
194% Feb
23
-
Feb
36
177
260.
134
90
725
230
43%
Jan
12% Jan
109
34%
.9%
Jan
Feb
Jaa~
30% Mar
51
Feb
15% Feb
109
Jan
39% Mar
14% Feb
38%
Jan
210
227s
Jan
29Mar
209
98
Feb
112% Feb
;:
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number, 4477
(Volume 163
OTHER STOCK EXCHANGES
FOR WEEK ENDING
RANGE
//Y/Y'FrMaf /'"""Week's
L»lt
Y
B»D(«
Sale Price
STOCKS-
Par
<
—5
Borg-Warner. Corp
toto
■
YZY'V-YY yZ'-v
:'c Last
Range Since January 1
12
60
—.
—
-V.Y54
Jan
Transit
Corp..
Curtiss-Wright Corp
—
Class
A
■ 1
29
8%
1 Y"" —24%
23%." 23%
24%
;
■
,
;
-
33% Feb
Feb
z/_"" " 46%
—
47%
Friday
International
Tel
Tel
&
Corp
a25
150
80
36% Mar
23% Mar
a54% a55%
185
50% Jan
11% Jan
a24%
__
Allegheny Ludlum
—.
^ "-'y/,—Yy
28
.28
' al4
North American Aviation Inc—... —I
,
al4al4% ; '
American' Co.—.i—-i.-.—i— IlO.
-_*•
^
North
Ohio
590
RR—
Central
York
New
,i33,% a33%
24%
OU Co
y~ 23
-
25
487
24%
-
Blaw-Knox
Clark
41% Feb
31% Feb
(D
—•
a62%
23%
25
Tw;'
Republic Steel; Corp—.—.—..*—,
Sears Roebuck & Co
Standard
Oil
Standard
Oil Co
Stone
&
15%
a48%
..
31%l 31%
a39% a39%
350;
—
35
a59%
a57%!;59%
a51% a517/a
191
10
a20% a21%
,
^25
Gulf Sulphur Co—
Tide /.Water: ■ Assoc OiL———
Pacific Railroad
United
Corporation
Lines, Inc
United Aircraft Corp.
U
S
Steel
:
ftlll% alll%all2% >
al62% al60%al64Va
.10
—-—
"..5;
:
^
(Del.).
5%
.
Corp——
'
..
®5%
.
United
-
8$'%";
Foundry'
Glass
Bros
Warner
381/#
/
Westinghouse Elec & Mfg Co—— 2%
...1
Willys-Overland Motors, Inc
.10
Woolworth Company (F W)—
"
40%
38%
40%
5
Inc
Pictures
38% ,-
„
^
270
21%
57%
23%
57%
4 988
23%
—
<>
.
53
Feb
;Vr'5%-;-8V:
2% •*2%''
;v41% 42%'
.*.5'" ,r—T:
10 v 41%
,
^
11%
common.
-
—
! 300'
* 27%
-.1
ZJl
1.1
•*
11%
150
'9%
30c
.♦
9%
145
400
-1
.
/
—
:v'
-
60c. Jan
.
250
22% Feb v./''/" 75;/18% Jan "
10%
795
5%. Jan > +
11
42
•
Mar
30c
*
,
34-
;
5%
27%,Mar 3
,
270
,475
,
,
«
24%
11
Mar
46
Jan
40
Jan
<39% Jan
••
32!% Mar.
,.
Feb /
10% Mar
Jan
40 ' Mar
32% Mar.
100
42
34%
34%
33
'
320
Jan
9% Feb*
.
.
21
■
34%
7% Jan
36,550
■
14%
Feb
9
^
27%:
27%
' 20%
9%
10%
•'
V,
Jan
;i9% Jan
Jan: ■13%.Mar U
Jan Vw-*-9% Jan 1
700
,1
Mar
2% Jan j v
750'"- 4% Jan •.//, 6% Feb; U
365
2% Mar ; "'. x -3% Jan } 584
40% Feb (
48% Jan;-i
977
880
r
-
"
:
,
Edward D. Jones & Co.
,
'
,
i
36% Jan
7% Jan
j
/
Established 1871
.
300
40'/a Mar
•51% Feb
North
4th
/:
■
.
.
Missouri
St., St. Louis 2,
Members
-;
St.
Phone
Exchange
Louis Stock Exchange
York
Stock
CEntral 7600
' .*
>
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Bell Teletype 8L 599
Chicago Stock Exch.
,
Chicago Board of Trade
New York Curb Exchange Associate •••>"
•
.
57% Mar
;
.
,
U
Mar
Mar
St. Louis Listed and Unlisted Securities
39V® Jan-.
20% Feb26% Jan
181
e
..5
—
-51% Jan
c 33% Mar
-
18%
13%";'."
,'7%
1% "1%
.(>■
7%
■-•
22%
15%
lO%
\1. 6%
Jan
Jan
60% Feb nf 96% Feb
34%
j
20% Feb •
9% Jan •»
t'28% Feb i
13% Jan
Jan
42% Feb
36
Jan
4% Jan
*34%
v
.
,
592
."'/" 45 ''119
25%
18%
13
"7
:
.
..1
22% Jan
11Q
Mar
31% Jan
37% Mar
Jan
Jan
175
295'
332
280
200-
^
24%
18%
,
common...—»
New
Western Union Tel Co A-w
-
.Feb/;.;-:
Mar •.
Jan i'i
Feb M:
.
75
13
Alloys Steell—i—.
Westinghouse Air Brake..—
Westinghouse Electric Corp com—:
58% Feb
50% Mar
_
418
540
.7%"*
,10
Vanadium
Jam
18
7%
1
—
Brewing common...—
States
r-1; 39% Feb
...
"
.10
«
'•/common- vtc.
740*
44% 44%
n29% a32% • r
5%
6
—
,
.
—
Steel Springs
Standard
--
250'
: 19% Feb
,—45
-100% 'Feb-",
116
-
./,»
100
Corp
Co
Air
United
a50
42
68%
Texas
109
670
220
50
47%
43%
68%
23
1 33%
53,
Mar
50% Mar
."
Webster, Inc.—
Texas(' Co
-41%-.
/..
i .25
J).—
;
18
'
100
.
9%;Jan/-■-> ;15%-Feb/\
2% Jan '/
3 -■. Jan,jl
■'. 25
Jan
25% Jan \
25% Mar
34
Feb
442
,
25%
25%
25%
.
—
^1
8an Toy Mining..
s
Shamfock Oil & Ga$ common.-.-
30 " Feb
44% Feb
VSX
68Va
a21% a21%
_25 rv'-^'-'
^11'"
Studebaker Corp ——
'
Swift d?,;Co—i-.«.^wr—■ .25
Union
,
.10
———
Brewing
Pittsburgh Steel
25%
—
25%
-5
.
,
>-
•"'.}•
Pittsburgh OU 3^ Gas———*
Pittsburgh Plate Glass new———
Pittsburgh Screw & Bolt Corp..—
Mar
;39% ,feW
60 •" 'w
.10
-
High
48%
• 7V8
.11
31
12%
-
,
"
" :
12
3-
Harbison Walker Refractories..—
*
47% Jan
38
Feb
65% Feb
18% Feb
"30% Feb
38% Jan
a50
(Ind)_——
Union Carbide & Carbon
/*'
::
-
47% Mar
■
65
^77/e Jaxi '
26 ■"
,6
Mar
" 15 ;
1Q% Mar
120 '"
22%. Jan
115
*11% Feb
■
: "
12
11%
.ilP//»;3.
corn—
■'
12
12
Mountain Fuel Supply
National Fireproof! ng Corp—
Ohio Oil & Gas
i
-2,133"^15%-Mar^1 i'-"^7%'Jan
16%
a54% a55
•
■.
u
Brands, inc.—..
Pitt
•
12
——
Lone Star Gas^-Uw
j ♦'
.
Feb
36% Jan
30
'
Low
10% 10%
26'/«. 28%
,
26%
'
Follansbee Steel
Fort
: 25% Mar
.18% Jan
,
':4'-54T-; .-3l'~:'Jan
ao : a21%
Standard
(N
15% Feb-
"50
996
74
'
20% Feb
1,017
,
U5;V'',16%-
—
Southern; Ry Co..————
Co
1,526
^3% 34%
tnewj___..—
Socony-Vacuum 011 Co
25%
16%
a33% a33%"
43% 43% :
Development/:i./i—i^
Seaboard Oil
16
J;.-
Corp of America
60% Jan
"
— *.
..———
Duquesne Brewing
12% Feb
; Mar
10
266
.
.
Candy
'ri
43% 43%"
*" ' 335< v 43
y Feb
39%
:40/^; "325
37% Feb]//^;42%"Feb
a61%a62%
113-v:4
Pure; OU Co——— —•
Radio
1,030
11"
»73%a76%f
.251
Inc
Pullman
-,10
—
•
28% Mar
25% Feb
■
Range Since January 1
High
44%:453.r" '
6 '7%
'
7%
106
<
Co
L)
Continental Commercial Corp
:
43% ''
"" — ^
/50
/V"; rtow
-
•
-
■,
a76%
;——
Shares
Columbia Gas & Electric common-
Pittsburgh
Motor; Car,:,fch.u4^*i»^*
Paramount Pictures, Inc
Pennsylvania Railroad Co
Phelps Dodge Corp.
Jan
8»ie»
for Week
Co com.——
Preferred ^
^
.Packard
Range
of Prices
Steel...—.—..
Arkansas Nat Gas
.
40
Week's
•
-
55% Feb
14% Feb
33% Jan
39.
Feb
47
Jan
; 50 ; Jari
-76% Jan
80
-Feb
26
Mar.
.35% Jan
- 13% Mar
; 16% Jan
"31% Mar.;,.
34% Jan
19% Feb 24% Mar
13% * 113%/'13%
1,030-:
Libby, McNeill & Libby.
—
—38%
38% 38%"
200
Loew's'Inc common...
;
"'
106
McKesson & Robbins Inc.——. itl8':'W/'; *..z a48% a48%
A86% a93%**"201
Montgomery Ward & Co, Inc.—*—.
—V-
4% Feb
-'-7% Jan
,58% Feb
,
22% Jan
40 Vb Mar
163
.
"
Devonian Oil
a54%
Kennecott Copper 'Corp—
41.,;
23 Vis
193
■Last
'
'or.:/:.:
>
,
a37% a38%
-
STOCKS—
—
__
28%
23%
Sale Price
■
23% Mar
v
■
International Nickel Co of Canada.
.
Jan
Jan
47% Jan;
2,178
22%
<
,
3%
4
391
351
^
33% Feb
Feb
> -46% Mar ;
50% Feb :
875
3,577
6%,'
32% Jan
"V.51%';Feb:
ia53%
a50% a53%
^ 1 209 ;
50,% Feb
General Foods Corp^i..—
—*82.%.a84% - * "14,,
1
: Li~,i
Goodrich (B F) Co—.———
i*
" "/-'"" -11% '12% yJ,695 y'41%- Jan'3. ;,i5%:-Jani
Graham-Paige Motors Corp.—.....
59%-; '■59%V'59%/"YZi -250 5 s
59%Mar*
59%Mat
Great Northern Ry Co pfd—
u/
Al6%al6%
; • / 50 " -13% Jan
H 20% Jan
Interlake Iron Corp.————. £> - •
General Electric Co
4%
52%
Jan
1
v
4% Feb,
4% Feb
3% Mar
.
4% Feb.
24% Mar
21
■
(
430
709
40%
.
/;
«
2%
4
..
28%
•
—
-•* M, — — — — — —
*
3%' /
5%
51%
27%
5%
v" 52%
Range Since January 1
•■'tow'::'- >V;; High
High
2%
4 V*
common
Westmoreland Coal
for Week
3%
2%
'
Corp
preferred
United Gas Improvement
Westmoreland Inc
17% Mar
23% Jan
''"Z.r- Y—'..
'
30% Jan
' ; 31% Feb
<
7%Mar -;,12% Feb
100
23%'
$3
;
common.
13% Jan
27% Feb
-
360
'' 140
180
1,431
* 595
United
Corp
a«i«
Range
'
3^8
.
22% Feb
34
Mar
,
.
i
2% Jan
100
-
35
8
31%
6,457
.
.
;
26% Feb
:*■/ 10V* Jan
20
Mar
'
10
85
;
22% Feb
73% Mar
•; i
73% Mar
>
462
,
4%
35
W-
34
-
Vy-
•
19%
a41% a44%
8
—1
—
29
35
Electric Power & Light Corp
°
yv18% Mar
200 "
18%
a44%
■
-.5
...
4
■
„
„1
Zellerbach
12 :: 12%
L\
..1
Continental Motors Cdrp
Continental Oil Co (Del)———.. —5'
!
a20% a20%
a35% a35 Vb
4%
-
476
73%
v
__
Commonwealth & Southern Corp.— —•
—1
Cons Vultee Aircraft Corp
Crown
.
y.
—*
Edison Company— _25
Commonwealth
20%
a32% a34%
a34y2
—* /■/
Columbia Gas & Electric Corp
Commercial Solvents Corp
Invest
Preferred
19%
'73%
>
—
:. : tveca *
v*'"
Prlce!,;v• ©f Prices --/Shares
Low
;zy:YYYZY^
Canadian Pacific kailway" Co—~
tss
Caterpillar Tractor Co.«„——. —•
.10
Cities Service Co—1.——.Z.
Sale
Tonopah Mining
-
—
52% Jan
*
STOCKS-
High
Low
High
a52%a52%
a52%
/
rriaaj
.•■ y-
Shares
a53% a53%
„
MARCH 29
:
Z for Week
of Prices
.
^
,
-15
Borden Company
Wales
St. Louis Stock Exchange
Week'si
Friday
Philadelphia Stock/Exchange
■:*;//■■
z ,:^
STOCKS—
-
Sales
Range
for Week
.r-
Last
Of Prices
Sale Price
"■
f
American
Stores
American
Tel
St Tel—
Autocar Company
•
Par
Z-;
Low
' 33
1897/a
189
*
—*
—1W
———
Delaware
-♦
.
.5
common—
•
20%
Power &
Light.—.,
13%
20V4
72%
•
■
—
13%
—50
21%
25%
52%
14%
13%
9%
—
;Gimbel: Brothers■
Lehigh Coal & Navigation..
Lehigh Valley RR
28
'
Feb
83%
91
Jan
15%
;
14%
10% g;
20 Va
117Va
21%
73% 4
57 J/e;
Jan
Feb
26 Vt
Feb *
Jan
26 Va
Jan
22%
Jan
55%
-
Jan
Feb
80%
61%
Mar:
''
Jan
'
*
367
14% Mar
17%
Jan
Johnson-S-S Shoe common...
17;
Jan
Key
Jan
.
Jan
9%
Jan
Laclede-Christy
27%
Jan
Laclede
50
43%
43%
Penna Salt Manufacturing—.—50
Philadelphia Electric Co common
•
44%
42%
44%
/
preference
4.4%
preferred
——
Phila Elec Power 8%
Philco 'Corp
-
—
29%
..
-
,
■
—
■Suh--OU'./^i—~JUP
■
'
28 Va
46%
8%
57%
'T2%
;■,
46 %
Scruggs-V-B Inc common—
Securities Investment common
5
100
Sterling Aluminum common
1
Stix, Baer & Fuller common
10
Wagner Electrio common.—-——. 19
,164
Jan
33%
Feb
Jan
7% Mar'
Jan
Feb
;
Bonds—
59% Mar
,
■
"Feb
t
Mar
10
32
21
Jan
82
Feb
32 ' Mar ■;.
30
Mar
265
455
;
,
48'A Mar, (4
Feb , ]
.
49 /
,
' Mar
9
.;;
-
> :r
Jan
20
15
Mar
Jan
"Mar
18 Vo Jan
32
Jan
42Va Mar
82
—*
Jan
9
19
65
351
46%
52%
150* '
common-.^——/-?*
52% 'Jan
.
25
Feb
121
-32%
,
Feb
>64%
95
308
St Louis Pub Serv cl A edm———1
42%
255
;305
375
59%
73%',,.
575
5
...20
Rice-Stix Dry Goods
Feb
27 Va Mar
.
com
Steel common.—
Jan
31
,'
28% Feb
36% Mar
249
' 240
14
Clay Proa
'
:
;
26 " Mar
15 > Jan |f
Feb t:-:± r 21' Mar; rs
Mar
18% Feb . }
'24
Jan
28
Mar
33 *' Jan,
■ 40
Mar
24% " Jan'
" ' 29 * Feb /
35% Feb
46% Jan
25
85
—
30%; Feb
28% Mar
118% Jan
500
29%
46%
9
46
Mar;
common—
Midwest Piping & Supply common
*
Mo Portland Cement com..——.25
;•;/ 47% Feb
40% Mar
20
5,467
1,098
20
,
Reading Co common
^
Ro
28%
/
2nd preferred —........:
—^
s.50
5
'
Salt Dome Oil Corp....
—; ..
Scott^Paper common/^.——*:/•
57V«
,41% Feb
200
,
—•
28% 29 =
■*;'»"37% '39%'',./
pfd————25 V
rvi'/,,-; ■/.■ '
-
29
30%
28% 29"%
119 Va 120
30
-•
100 '
common—.
9% Mar
129
Co common———*
12%
$1
15;
5
Feb
,
22% Mar
24% Mar
5%. Mar,
46'
Jan
—
50 " Mar '
195
eg
7%
...
260
200
12
819
130
470
y
lOVa Jan
40' Jan
35% Feb j ;,
26
Feb
68 ' Feb . '
25% Feb r|
32
Jan
8
Jan >
,
260
Jan
....
|;
,
,
100
Preferred
Jan
Feb
22%
Pennsylvania RR—
Feb
Mar
Johansen Shoe common———————1
70%
40%
1,580
~; ia
830
2,218
—
"
315 A
common—*
5
Hyde Park Brewing common/
10
Hydraulic Pressed Brick common—100
4,399
•
.1
common.
Griesedieck-Western Brew
8%
Light—.—:
Light...—.*
common
Huttig S & D common
25% Mar
49% Mar
570/s
173
24%
44%
«k
—U-—8%
&
,
8% Jan
' 33
Jan
1 32% 'Jan
21% Mar
235
1
Falstaff Brewing
Feb
140%
10
1
7%
Power
Power
1
11
Bottling
23%
Penna
3
85
10
-15
Co..
1
High :
.
61
Mar t»
13% Jab, j i
'■-15" ■^■"//•"'B/^i'Jan,:*'"9%-Mar J
20
"35 ■- Mar Z3/'"37%' Feb /i
5
48
Jan
50
Jan
66
Clinton Industries common.—
Coca-Cola
—
National
Range Since January
Low
;
1
Mfg common—
Knapp Monarch
Pennroad Corp
Sales
20
common.
Century Electric
Jan
28 'A
Feb
19 Va Mar
2.565
444
'
<
for Week
Shares
.
Jan
38%
Range
of Prices;
Par
Bank Bldg. Equipment common
Shoe common
Burkhart
Jan
37%
Co
;>t-■
Brown
33% Mar
Jan
170
103
210
-
24%
50%
71%
57%
—
Battery——.——•
Motors—^
.lft
195%
290
24J/a
25
127% 128%
128%
Electric storage
General
22%
—
*
Chrysler Corp —...
Curtis Pub Co
89
__
Feb
30% Mar
65
1,265
-100
23%
lEGl Mfg Co common
Wheel Co
Budd
34%
Jan
Aloe
S
7
Sale Price
American Investment common
High
27%
185%
735
33%
89
■/■'
Low
High .,/.;,. /■;,,/.
33%
676
191%
33%
—
13
Bankers Securities Corp pfd..———50
BUdd
31%
A
Range Since January 1
Shares[
;
—30%
common.——50
Baldwin Locomotive Works Vtc
STOCKS—
-
,.-S
Week's
Friday
-//Z:/'
Last- •;
■<
/,r
73% Mar
.
St Louis Pub Serv 25-yr conv
inc__1964
CANADIAN LISTED MARKETS
FOB WEEK ENDING MARCH 29
RANGE
f
/
■*'
•
Toronto Stock
/'/,
"
zz
*'
' Z'-;;.-'
: ;
STOCKS—
'
'"'V;; //"Last:Par'
Abltlbi1 Power & Paper common—•
/•■ 6% preferred_.._._100
7^
New
^
/
New
for Week
Range,
r
-■";/■ ■■>, 'r-"X"Z;"
..Shares*;'.
of Prices
7
-99'A
188
..
HV*
fl.50.preferred./^—^—-—.201
For footnotes,
see-page 1762,
,.7
99■
—.y......*
New $2.50. preferred—.20
Low
.
preferred—Y--——.100
common;
•
Sale Price.
•
y
laiA:
-
;
14
* 18%
,
38Va
High
Range Since January 1
7%
*
99%'
Low
-
-
1,780
* 1.415
14%-
176
1,000
18%
38Va:
;
V'
"
14
"2.450
•
•
10,f
Y;*
'• '
•
High
6%M®t 1/z,
9% dan
93
Jan ;
100% Jan
:
20
189 /
'•
■V Sale Price
.
*
••
Friday
/;/■/:, Last
Canadian Funds/-;//;-.;/' /
"■
„
Exchange
Mar
T8%* Mar
•
•
*
Jan
38% Maf
'
V"
,
-
/;
*. /
.
1
"
j
Acme Gas
1
z
Y
Y
14V*Mar
•
18% Mar,;"/'!
.39
Mar
common.
«
Co.——...
Oil 8s Gas———
Alger Gold Mines—
Aluminium
Aluminum
'American
Ltd
of
^
common——/
Canada
pfd——
Yipllowknife————.
Anglo Canadian Oil.'—
Anglo Huronian
Low
23
9C
1
"
\
•
V
JO
'
9c
2.02
;
—;
34C
192
195
—'
•
108
35C
.•
.
^ .26C.
1.15
:i,
J 1.00
IOV4C'
j
.
.
Range
35
.1.000
,14.050
37c,.
6.600,
208: z Z/; 1.115
109 /;/ : 105'
.
—
9c
2.06
"
103% Jan
8% Jan
1.58
Jan
Mar
?5c * /, 21.500
1.12
10b.lOV4b
;
;
10.870,
400
25c
95c
Feb
Mar
10c -Mar
;/ 24,,
106%
11
2.10
54c
■ 208
•
109 v.
,
.
129% Jan
106Jan
5
i
Jaii ;
]
High
: 20>A: Jan
34c
V j
SlhcaJaBuary 1
Low
845
23
105% 105%
;
2;05
Shares
High
22%
105%
•
8ales; T
' for Week
of Prices /
.
•
•
AJax
Mar
190
;
.
Acadia<Atlantle Sugar
>v Preferred'
Week's
";i Range
.
■>
Y 35c
'
Mar./
Janvij
Mar .?
Jan-;
Mar j.
Feb;
;
Feb,
|
'. 1.36 Jan.
V■ 43c
FebV|
Monday, April 1, 1948
1758
CANADIAN
M ''
Ivl'^
v
Friday
:
Sale Fried
ddfm&dd) '' STOCKS
1
1.50
—l
Anglo-Rouyn Mines,.——,—„«
Ansley Gold Mines
15 %c
f'-1" #
Apejt Consolidated ,Resources—
20,600
15.000
15c
16c
21,100
15c
15c
61c
64c
19c
2,500
Gold
"ioo
9%
9
m
100
18c
—1
Mlnes.
98%
70
—1
—1 :V:
Mining
,1.10
590
53c
63c
119,060
—-1
41
33
45
105,400
32c
45c
40c
'35c
57c
—1
~1C
—10
Nova Scotia—
Bank of ■ Toronto^.r.
Base Metals
119.800
52.100
5-55
15c
25%
30
34
Bell Telephone ,pf ppnada-v--^
.—109
Belleterre Quebec MJnes———
7
100
54.550
19.750
1.29
Bevcpurt Gold
Bldgood Kirkland Gold
Gold
Bonetal
Bralorne
Mines,
&
Class B
i
Jan
1.50
1;05
•70c
59
22c
32c
18c
15c
20c
.59
90
56
Mar
22,800
1,000
4,800
8,500
25C
^
.
British Dominion
17 y8
26%
13%
27%
26
-
■
220
13
Mar
V "38
Jan
31%
305
28
Jan
38c
•
ri
100
4
4
3% Mar
35c
1.30- 440
7.25
7,50
28C
28c
31C
4,010
19,100
30c
30c
28c
50,190
Building Products.
31
33
9c
14
24
23
24
;"""
-
-
11%
13%
45c
Jan
^ -15^
•
34% Mar
9c
Feb
22 JA
Feb
26
Jan
11
Mar
15
Jan
Calder Bousqyet Gold
Calgary & Edmonton
Mar
,44c
i
;
Calinan Flin
Flon.
39c
12,000
28c
2.35
2.10 Mar
35
5,750
16,900
32c
Mar
3£iC
3,810
3 lp
,M.a*
31
35
Caimont Oils
35c
Campbell Red LakeCanada Bread
V-
32c
2.24
1
...
32C
2.50
2.70
T»
8%
8%
18%
.79%
17%
8%
79%
18%
905
common
'Clftss-B.———
50
...
Canada Cement common
Preferred;
4—...
—
95
pc
Mar
:46c
3.400
19.500
24.116
38c
Jan
62c
ayscMar
2.43 Mar
1.8c
Jan
3: "
Jan
—
—100
143%
148
Canada
ClaSS
'
Canada
'B----'—,0—-
Permanent
Canada
'•
.,»-T,rUl^TT*:'
.
39%
19%
197
19%
common—
Canada Wire .class A—
—*
Class B —'
".v,v'*
<
'•
•
t
,l
\
;
Canadian Bakeries
i,
Canadian Bank' Commerce
U'
Canadian
1
>
•
■
**'
•
^
•
—
52
92
.
25%
-10
10
22%
10
10
23
22
21
1,375
8,394
22%
395
25%
26
22%
23
'
*
25
Jan
Jan
23%
jjan
18%
19
1.315
16% Mar
22%
1605
120
68
24%
25
85
124% Jani
29
.Class A
Canadian Industrial
Alcohol
Canadian Locomotive
com
A—*
13%
14%
1.240
15
20%
21
^55
21
y8 Feb
19 V*
3.200
35
35%
440
33
1.04
1.10
350
Castle Trethewey
Central Patricia Gold Mines
Central Porcupine Mines——
1.04 Mar
135 Feb
116% ,16%
13%
18
21%
22%
9,252
28
75
19% Mar
25% Jan
3.30
3.55
2,900
1.68
Mines
1.60
1.68
2.55
;
2.50
2.65
5,900
31c
30c
34c
17,300
34c
2,415
63c
20,475
125 125%
60
340
Preferred-
>
Jan
1.50 Mar
2.35 Mar
32c
Jan
Mar
-V
Jan
24% Feb
1 Greening
4
:
63c
Mar i
Gal Wines———i————*
Chateau
10%
10
10%
1,550
1
75c
68c
85c
Chesterville Larder Lake Gold Mines—1
27,625
12,800
Chemical
Research
Chromium
Mines
Circle
Knitting
Bar
—_—
Citralam Malartic Mines
Coastal Oils
For
1.50
1.65
1.15
1.15
1.25
350
21%
21
21%
15c21%c
75
-1
—
footnotes see page 1762.
1.60
•*
—*
.——
20c
40
38
120
Jan
IV* Jan
43c
Jan
1.41
Mar
1.10
Mar
125% Mar
16
9c
Jan
90c
Jan
1.07
55c
26c
2.25.
31,905
47c
Mar
79c
42,200
7,600
24c
Mar
40%C
Jan
•
2.00
8,500
19c
Mar
59c
Mar
10c
11,400
7c
Jan
10c
IPC
308
106
55%
19c
50
108
56%;
;
>
53%
17c
29
105
15
Jan
52
55%
45
42
Jan
v-
25
30
3.700
15%
Jan
'
48%
54
344
42
Jan
14
,
15
5Qc
,.14%
50
1
1,680
15%
13c
Ramilton Cotton
Jan
{
Hard Rock
Feb
55
Feb
30,900
6C
Mar
15
zgl 7
Mar
•
.
60c
Feb
Feb
M7% Feb
Mar
7C
/'
395
lie
Mar
6c
19,000
565
5% Mar
5% Mar
75
130
5.35
Jan
45c
|«1114
Mar
18c
/:
Jan
10c
,
Jan
6.00 Feb
4.70 Jan
■li
10
—
•
19%
•
340
10%
19%
■
9%
18%
—
——
-
Jan
170
Jan
-
Harding
55% Mar
34
;•
:j}£\
5%
-11% c
"1,
—.
;
•
5.600
5%
common———
Bridge
:
Feb
12% Feb
19% Mar
"
40
ii; 18% Jan
59,950
15c
Mar
5,000
29c
Feb
22
35c
40c
Mar
f
-
Carpet—J
Gold Mines
Harker Gold
Mines
I!
Feb
5% Jan
11%
486
6%
-45C
15
50c
15
6%
Hamilton
«
20c
34
-
-
27
comraoni.—-r—*
'
Jan
Jan
15% Mar
52
29
Haltnor Mines_r...-1.——
Feb
Jan
Jan
Jan
56 y* Mar
1| 26c
,28%
Mines
(
jan
Jan
15c
1.500
Jan
115
Jan V
15c
12%
: 17c
35c
81c Mar
Z 12%c Mar
99% Mar
65
7,350
21c
15%:15%1
Swayze Mines.—-—
1.00
2.65 Jan
Jan
39,050
':••
m
Jan
i:}; '}■.>/7d)'d/:r
2.15
1.30 Feb
27,600
Jan
1.90 Jan
Jan
:iJ-:
^*1
Hahn Brass
Halcrow
87c
25c
,
51
Halliwell Gold Mines.
Chartered Trust—;—————100
16c
7,100
iv
Jan
68c
*
'
J
Mar
23c
3.00 Jan
Jan
Feb
Feb
Feb
58c
19c
<
2.10 Feb
44 %c
Jan
39c
28c
59c
Ltd—1Gypsum Lime & Alabastlne—
Feb
88c
57c
18,100
.19c
Wire—_——
Gunnar Gold
Feb
19c
preferred—
t' c
9%cMar
2.15
X
common——♦.
/ Great West Saddlery
29% Feb
2.80 Feb
30c
'
Feb M
24,300
22c
16610
24c
25c
St Rubber common^.—f.
.^.——.50.
Qreat Lakes Paper common
Preferred ~
.
3.15 Mar
25c
90C
Grandoro Mines
y. t c
8.75 Feb
Jan
18c
47c
.
Toy.—.————^—10
Grand &
39% Feb
5,250
1,440
8,996
10O
20,000
2.25
J—1
.——_————.
107% Mar
7.00 Mar
2.5p Mar
60c
-1,
-
Mines
"
50
40,300
v
50C
Goldvue Mines
Goodyear Tire
20% Feb
34c
72c
13c
.
Mar
11% Mar
18'% Mar
105
Jan
■-
650
60c
1.07
Mlntog.^-^«--^--.^l
-
111
Mar
9
lie
/ v:v ^
.
Jan
'Jan
105
33c
,
.
13c
54ines..^..1
Mines———————1.
'
,".-..98
Quartz
33c
Goldora
j
•
19 y8 Mar
;
110 % Mar
60c
62c
Mar
5.55 Feb
Feb
10c
71c
Jan
18
16%
21%
Ry
Canadian Wirebound Boxes..—
10c
Jan
22
17
1.05
Pacific
—vl
Gold
Jan
75c
58
4.15 .Jan
14
108
20C
a
Feb;
33
Feb
54
25
7.80
'
.y 32%Jatt
;,;v"
260
7.80
Graham Bousquet
19 Va Jan
35
Canadian .Oils
W-
19c
Goodfish Mining
Jan
Jan
12
19
..
Canadian Malartic
-
2.60
Jan
14%
20%
common
25
7.05
Feb
24%
Canadian Food Products
—
Feb
64
17% Mar
59% Jan
23
62
.-
20% Jan
17%
21
20c
Golden Manitou Mines
Jan
22
9
9
100
26% Jan
22
350
19
19
107% 107%
—
—"
Golden Arrow
Feb
175
1,165
19
109% 110%
110% HO'/z
110%
Goldhawk
28% Feb
1.265
465
Jan
10o
* 18%
'•
God's Lake Mines Ltd——
|
70c
465
^
Jan
24c
Feb
11,800
55
260
Gold Eagle
Feb
24
54c
Jan
119
45c Mar
•
Jan
9% Jan
Jan
"30
10
50c
Mar
Mar
V28
1,167
53c
18%
pf
Mar
29%
4.85
—
Golden: Gate;
5c
14c
55
/
Gold ale Mine
23% Mar
22% Jan
90
9.00O
32% :32%
f 30 Feb
60
5% Jan
113 117%
•28%
Jan
;
48% Jan
44%C,15%C'1'»
44
Jan
..-13•■••Feb
••
12 - Mar
,
535
9
Jan
•
8.30 May
1.575
..
M5 #an
40
J3
10
10
1.406
315
8.
14 %C
Goldcrest
Mar
20
7
58%
.
'26''3«Car-
13
16639
59
■46
Mar
1,00 dan
90c
'"7
'
545 t
58
DUlies Lake-Porcupine Gold—,..—*.-!
I.
12
5.25
Co
Giant Yellowknife Gold Mines..
"D" warrants.
:
Jan
18%
common—.—^*
Canadian Dredge:;——
Gold
95,5,48
23%
23
Class A——
Canadian *Celanese
Centremaque
30
23
26
Canadian Car & Fdry conunpn——*
15
23
*
Gold
Mar
9
Jan
18% Jan
20
21%
15
Canadian
Feb
94
28
84
90
25%
52
Jan
23% Mar
30
Jan
-V,:
/8/-/1 -'A'^
''$0% WA
5%^ preferred —:100.
Glen01
47 % Jan
296
32
26
ft 117
Preferred
;
42% Mar:
168.100
"
16% Jan
Feb
1.38 Jan
Mar
14
1.14
idd$:;
''d'
460 Jan
10
52.750
1.00
Feb
15% Jan
50
14
1.07
'
%
:
;!
23
14
96C
Jan
3.50 Jan
2,975
A2%' 42%'--
1
;
10% Mar
27,700
'
1.05
Mining..1,.
general' Stee| ;Wa^s>Cpmrpon
21% Feb
17% Jan
12%
1.10
1
Gatineau Power
■;,1 5& preferred
i
205 ' Mar
Jan
11%
26
-.1
1
Preferred'—
,
*4% Feb
Jan
178
Jan
2.60
4J)0
General Products Mfg class
40% Mar
17% Jan
79
50%
25%
Rights
Cariboo
20%
36
60
205
^
217
92
Canadian Cajnners common1st preferred —^
Cony preferred
:
40
19%
62
243.
; 3.55
V
lOc
12
mm
Froblsher ExplprstiOft
Jan
'f
8%tf
dym
j'."..
Jan
30
9% Mar
5
420
111
Mar,;
52 Vz Mar
130
52
,*
„,
16 y8
i
;•
*
common
Breweri.ee common,
41
205
—■——.—50
—
55%
19%
--
■■
15
25
H
Mortgage——£00
Steamship
?£ '/. Preferred
X...
53
16%
54
55%
.
Canada Packers class A
.;
-
16y8
CanadA Nort^eiA Power...——L
\
148
106% 106%
,9% Jan
47#:;-A9b/v^
m
9%e
2.50
•
Francoeur Gold
Mar
18% Feb
148
Mar
1.85 Jan
160 Jan
1.15'Mar
30c
Er&scr
82
14% Jan
131
.Jan
106% Mar
■
Canada Cycle & Motor preferred —100
Canada Foundry class A
;
Feh
75
20
;
20.278
5.40
Foundation
17% Jan
Mar
27,100
16%
jr
1.05
?4% Mar
111
Jan
.
Jsn
1.40
-
Ford Co of Canada class
$
.
61.100
13
"j
30 % Feb
Feb
L20
P 390
Federal Kirkland
Mar
,Jan
15%
*-;ls
30C
Federal Grain common—
3.30 Feb
2.40 Jaa
6% Jan
5,975
2.50
44c
56c
■■'■Vv'.;-i-] y.t
133
Feb
24
•■•i
2m Mar
109% Jan
863
295
Feb
161/* Feb
Jan
?3
•
7>Feh:
50
:
1.20
•'
Fanny Farmer Candy Shops—
Feb
2.95 Jan
24'/a
:?J
JPC;
41 -d
?
32c
2.35
.
325
Feb
Jan
1.05
Falconbridge Nickel
15
25%
Jan
Pl5.
106;
12 % Mar
21
Feb
Mar
4-30
Famous Players new common—.—-S
Jan
Jan
24
;
■
110110%
•
11
39
Jan
45
195
Mar
Jan
28
•'
4% Jan
180"
5
50
310
15 %
15%
>20
,v
_
13
405
.
10
23%
110
28
31% Jan
7%: Jan
104%. Jan
595
675
6,050
:
32% Feb
13% Jan
Mar
16
1
English Electrrlo cla58 AM..T.m>a.«..^..^a*.
'V-,
<-r-Jf,v
'miim—<*»**
Class B
Equitable Life
—....j...—45
sit—..
26% Mar
24% Jan
Mar
■
Jan
Jan
94c
Jan
77c
10
23
1
—
:
140 Jan
113
91% Feb
25
-
15
;
,
-
5
49
1 16% Feb
3.05 Feb
1.45 Mar
-
"
50
-y**
Eldona Gold Mines^——
:
Feb
4c
U%
31% Feb
f Jah
30
.V"
"
Feb
3
':i.i&.-rilvp
175
105% 105%
cojmnpn--.—1
Easy Washing Mftctise—
Economlclnye^tore-,."——
(Elder.Gold
—....
Jan
97c
23% Jan
11
:
1.15 Feb
Jan
^40r1
38
34
/Feb
55.
1.85 Feb
890
••545^
10%
h
preferred^--—«.|90
14
24,400
28*
28
28
33%
11
29%
Feb
167 Jan
1.65 .Jan
585
10
Eas^rn Steel pew common.
Feb
Mar
30O
55
13
class A——.—
21,050
90
41%;
J^asg ^pUiyan ■
Jan
6.10 Jan
^ 28c Mar
13,500
1,255
14
1,64
99%
26%
33%;
86c
Mar
86c
Jan
Jan
43%
1
8,000
96
.Mar
1.35 Mar
.
wWi75;:'1
1.51
27%
East Malartic Mines*.
1
1.58 Feb
11
v
720
7c
7c
Burlington Steel
15%
2.45
Mar
60c
385
'V
Donplda Mines
Duquesne Mining
CastDrest
Mar
150- Jan
9,400^
13%
32
Bunker Hill ^
55c
Mar
55c
76,40012,200
A7c
*590
1.38
1
|:
31% Feb
5
Jan
55C
31%
15%
2.60
28
East Amphl Gold ■Mines...'^w.i ..........4
51% Mar
7.40
■
Jan
28% Jan
25% Mar
.4,855
———1
Class B
r
245
38C
30%
50c
IOO
26%
Dnvay Gold Mines
14% Feb
14
16
'
51%
596
Buffalo Canadian Gold Mines—
.
18% Feb
30%
i—.*
Co
90'%c'4an-.
Mar
Buffadisou .Gold Mines——
Buffalp Ankerite Gold Mines
Burns
I
30
.
2%
;
10
—.25
Dominion Wjydtens^mm^
>
Feb
Mar
1
Lake Mines—
Jan
30c
25
Porcupine Mines, Ltd
Buffalo Red
50c
Mar
Mar
6,450
2%
31
Mar
v
32/Feb
.70c
Feb
28% Jan
;
1,800
.
1.95 Feo
17
104
85
preiJerSice,:^—
Mar
/
Jan
Mar
48
1.53
99%
—*
———-re
186
8
200
160
Jan
91% Feb
Mar
;
>
Jan
104
970
11
•
Dominion Tar ,£ Chemical c<«nmon—•
Feb
48
■■
Domlfiion Btpres
,
16
23%
;
15c
20c
2.75 Feb
19
: 335
.
48
2,50
Preferred
.......^50
Dominion Steel"class/B^^..^«^»—*.*$&
31c
1,209
,
-26 36%
51%
•
;
Feb
30c
4,m
17%
27
14
v
®
1*■*»•—
Ddinibion Scottish Ipv
Jan
60
Jan
21c
Dominion Malting
47'/' -Jan.:'|-
Feb
24c
20C
14
17%
Distillers——.——5
29%c Mar
"
35
t
92c' Jan
45c
Jan
Mar
23,270
90C
:
?
36
Feb
65c
-;47;750->-
32c
—1
•
';
Dprninion Mugnesium
i
1.45 Jan
Mar
20
6,100
75C
22 %c
...
23,275
1.40
Copl preferred
v
Jan
3an
1.20 Jan
7,851
68c
t—
Dominion Foundries & stepi com..—-?.*
Mar
15:% Jan
200
Jan
Mar
95c
105
22 % c
60C
Dominion Dairies common.
Dominion Fabrics 2nd prelprrdd-
'
^
12
•5,200
36
'.yi'..
187
420
199
-.1
Ltd—.——
450
-731,450
15
—-•
30%
i
33c
British American jOO... ,
British Columbia Packers xopimon—w*
British Columbia Power class A
—•
Broulan
Feb
1.50 Mar
15
Brazilian Traction pght & Pwr com—*
Brewers
45
39% Mar
30c
Boycon Pershing Gold Mines
104
98c
Patrick 'Gpld.^-.^^—.;
B....'———
Dominion
i
Jan
95c
Mines
1.76 Feb
Jan
15
Bonville Gold Mines—..
:17
-
31
485
—50
1,55
15
104
54c
Dome Mines Ltd"■i*.y•..
.Dominion Bank.. ——.;
.10 *
r
i
39"
31c
——
l
105
1
eyred^-
i
130
r.,.r—•
Bobjo Mlnes 'Btd
1.30
piy^ihiedl ^lining. .^-.-^,.^^--^11:1:
.
v
78
156%
308
'
61c
•Dickenson Red Lake Mines
Distillers Seagrams, common
t
44%
196
70c
j
1.64 Jan
Mar
_■''d-'i-
WO
Class
Jan
Jan
16%
2,696
183
30%
..——100
f)elnite Mines rr_—«h—»5rl
.39% '
35c
:
s
Feb
i
89
.
104
1.52
.wr—; .;
p^yls Leather clps^
.
VA Jan
Jan
Jan
1.95 Mar
705
17
Exploration
Crowshore
Mar
22,
Jan
■
Perching. Mines
Croinor
Jan
6
•1.11 Mar
33%
River,Mines
181
Crow's Nest .Pass Cpal—100
f
Mar
27 c
Feb
5%
86%
v:;
Feb
34%
1
5y« Jan
19
89
182
5
--W
*
35% Mar
138
1.45
14%cil4%c
per.tr^m
27
1.05 Jan
1.23 Jan
35c
Jan
$ 51c
Jan
:
265 Feb
Mar
2.40
•
Mar
24c
Mar
19 %c Mar
'• 5
Smelting
&
$ 19
18%
Cub Aircraft
32% Mar
20
Jan
58c
30c
; 42c
9,037
11
7.25 Feb
Mar
1.12
197%
2.20
.——
Corrugated Box common
Few preferred—^.
165 Feb
(-•30
25.
Mining
1 Conwest
:
465
39
2.10
'
Jan
75c
■21% Jam
955
235
Consolirtated
Jan
«55c
■
Mar;
15c
11,100
Bakeries
Consumers Gas 1 Toronto )w—w—
Jan
13 % Mar
Mar
22
m
Yellowknife— ——————1
Biltpiore Hats
Blue |tibbom
V 62c
Mar
21
1.20
500
Crestaurum Mines
10,775
44%
2.50
1
f
'dd- ^E-d*''d.
Feb'
23c
1.40
2,000
2.45
Marl,'
Mar
64p
Jan
18%
67yac Mar
36,700
1,100
43c
2.20
fdiae^^
Feb
21c
44%
jOopiaurum
"|-
49o
7
Mine?
32c
42c
2.45
87c
125
Class B—_———
*32c
Cosmos; Imperial Mills—.————*
Cournor Mining——————1
22
Beatty Bros ,c.lp.ss
Bepylieu
'
27c
39,800
6
98
5.00 Jan
3.90 Mar
'••15
125
14,900
91
Coniagas Coal Mines
22c
22c
^
Jan
1.18 Mar
460 Jan
"A
34
6
16
67c
75
43c
—*
Petroleum
Jen
1.15
3.450
36c
;17c
25%
35%
30c
B—
Beattie Gold
'
,68c
1.24
5.85
17c
•
:——
Exploration
Berens
46c
57c
35%
PowercljiSfA-
Class
Bear
4,600
145
—jig ■
Barcelona Trapyqiu----
l5c
67c
36c
Bankfield Consolidated Mines..
13c
15,500
5,80
Bank pf Montreal
Bathurst
/
410
.
1.20
"i
Mines
of
35c
—»————.—1
Aunpjr" Gold
Bank
68c
29,506
55c
12% Mar
12c
Jan
52c .Jan
Atbona Mines —
Atlas Yello^knife Mines
Auhelle Mines Ltd
Auraaque Gold Mines
Bagamac
261,300
13%
Commonwealth
r".
15,110
64c
I
High;
Low
4.50
15%
16
1 v/«. '"iv! TIimIi
V—
66c
Co
Luke
/.Coloinac; YedowknWA.Mines^-iU-^-1
,pommpll: Ltd
—.—
Jan
101
Feb
3% Feb
Jan
———————1
Ashley Gold
Astoria Quebec Mimes
12
Mar
Mar
Mar
25c
31,900
?9C
13%
-
Coin
Con solidated
1.18
69c
36C
,
376
Cockshutt Plow
Mar
January 1
Range Since
Shares
High
4.15
4.45
for Week
.
13 ya
13c
10
A.
Ashdown Hardware class
85c
1.90 Jan
2,226
■
41c
28c
35c
Armistice Gold
.2%
.2
Cochenour
24 %c Feb
Mar
8% Mar
2,535
99% 100%
m
Arntfield
:
23c
*
'
Arjon
,
6101 Mar
7,900
18c
64c
Mar
Mar
Low
Pflr
WUlpns <loldl Allnesf-i~-^f.4i;
'
.
1.75 Jan
30o
Jan
1.30 Mar
15c 17 %c
.1
jM'nes.
Argus Corp Ltd common--—
V 4%'% cony preference---—-.
Warrants
1.50
Hm
Low
r+d'dy;-f-d -v':
Bales
Week's
•iS Range
Salp price 1 pf pricey
8TOCK8—-
Range Since January 1
£ Shares
High
1.35
16c
.1
po^dpine'^oldJri
Aquarius
Area
of Prices
■'£
f nuay
for Week
Range
Low
Par
'
'
-
Sales
Week's
i0'XaBt-^
LISTED MARKETS
RANGE" FOE: WEEK -ENDING MARCH £9*w*«sv- *
'
>
—
....———
;
1
1
09c
25C
'
-
88C
12
90C
22C
25c
12'
570
24.420
r
.
27,600
•"11
87c
!
20c :
14%
Mar
1.24
Mar';
Jan
?
31c
Jan
Jan
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
olume 163
CANADIAN
v:x;:;
LISTED MARKETS
-BANGE FOR WEEK ENDING MARCH 29
Friday
STOCKS-
' Nordon
i
Ltd.—-.u—
Mines
|; Normetal Mining Corii t.trt...
1
Norseman
North
Inca
Mines:.
Mines
Northern
Mines—.—.
Empire
Omega
%
Omnltrans Exploration
•4
'•
i
Gold
%
Ontario Steel
I
•.
■
"
77
\
Pacific
85
•7;.;
'
•
.1
;55c
27c
"
-
55c
; 18,940-8:
3,000 7*
23c 7
28c
24,800 7>«.25c
25c
30c
29,900
22c
21c
.
7
2.62 Mar
50c
"25c
24c
39,300
21c
Feb
Feb
9% Mar
•' 6 % Mar
3.85
Jan
Mar 7
90c
Jan
Mar
37c
Jan
Jan
Mar
,
43c
Feb
30c
Jan
•
.
—,
_
.
-T,..
Petroleum
i
Pandora Cadillac
Paramaque Mines
29% Mar
2.62-2.75
25 Vac
520
.7
7% Feb
5% Jan
Hersey (new)
Pamour Porcupine Mines Ltd
Jan
280
2.71
6%
<?>• 1.760 '7
Jan.
1.40
2.50
2.10 Jan
——
,
-
i
30
6
—
.9%
1.02 Mar
Mar
22c
Page
■
50
:
8%
'
Jan;
85c
'
.77..^*
Pacalta Oils
■|
200
33c
12c; Mar
——7—
_
Rights
:
4,140
2.20
Jan
15c Mar
2.Q8 Feb
Feb
l.io
High
35c
Mar
'
*
common
Mm**
Orlac Red Lake Mines—
Osisko Lake
22c
7 45c
11,500
2.20
;
'•
10c Mar ;.:.;
1.03 Jan
44,200
1.02
9%
}7-7.
Mar
115,220
y
2.20
.1
*'* '*•
25c
common
Orange Crush
Grenada Gold
7
85c
12cl2%0
.•
Mines—T——
•
25c
74c
:*;7;77 55c
O'Leary Malartic Mines
7
22c
12c
.1
!
]
58,274
1.10
7(7;
'
-
1.75
-1
•5
O'Brien Gold Mines
Oils
;'P 7,100
1.43
83c
,
.
■
-
3.000
13c
.
7'7,7t'.7"■•-}•■'■
Range Since January 1
Low
27c
23c
*
_
'
Okalta
25c
1 70
*
North Star OiL.
17
Preferred
I
7.V,;-• 10c
'•
i
77y;
Shares
^:-^ov>r High
■£■7
-1
Northern Canada
i;
for Week
1
•7
Northland Mines
Sales
Range
of Prices
1,
•*
...
Mines
I
I
'•
Sale Price
Oil
Norgold
:
Week's
Last
•
STOCKS
102% Jan
•
Parbeq Malartic Gold—^
i
Partanen
Malartic
—
—
Paymaster Cons Mines Ltd
-
I
Pen-Ray Gold Miney_„7—
Perron Gold M1nen
|
Photo Engravers ds Electrotypers-.
>
;
T
y
|
Picadilly Porcupine Gold
I
Pioneer Gold Mines of 7E C——>—
i
Porcupine Peninsular
|
Porcupine Reef Gold Minea
1
Powell
Pickle-Crow
Gold
Mines..
Mines
'
Powell
River
Co
Power
Corporation
Premier
1
722%, Jatt
,
common.—~
-—
—.
|7 :Quinte Milk Products
Mines
,.f Reeves-Macdonald
1
.....
...
I
Reno- Gold;
I
7,1
.'—J
Leitch Gold Mines, Ltd
I
Gold
.
.
Little Long Lao Gold Mines Ltd.
7 Loblaw Groceterias class A
i
Goldfields
Yellowknife
Red Lake Gold Mines..
Madsen
4.25
4.10
4.25
4.10
4.00
4.20
2.95
—1
-.1
2.85
3.00
y
3.95 Mar
5.655
7
4,650
Maiartlc Gold Fields
Manitoba & Eastern
..1
—
—...
4.15
4.25
74c
'68c
75c
...1
3.00
2.85
3.00
29,805
.«*
4c
4c
4%c
14,500
...1
i
^ *
Marlon
-
#
-
i
11%
1
"'.i'
Rouyn Gold.i—,
Preferred. 7:;-y7-:j
18%
29%
30
.100
I
McKenzie Re<|; Lake Mlnes____.
105
—•
11
7; McLellan
7 69%
17
v
12%
Feb
Jan
17
Feb
10c
Jan
15%c Jan
Jan
2.20
32o
22c
Mar
Mar
-14%
Jan
Jan
|
i
19%
10,250
6c
6c
6%c
31c
30c
31c
Gold
McWatters Gold Mines..—.
104%
60
1. 1,065
69
30c 33%c
34C,
25,618
20,850
Bherritt-Gordon
I
.Mercury;Mills —.i—w—^
;7 Mid-Continental OH a Utw>
,7
Mining: Corp
—:——:,rnir-
tj.
Preferred
Monarch
i-
•."New
'
40.
40
107% 107%
j!3% 14%
1
140
25
8,740
215
340
22-
r
20%
•
-
fnmmnn
—....
Silknit Ltd
preferred-—........-^
Silverwoods Dairies new common.
Silverwoods Ltd new preferred
;
I
1
Jan
Simpsons Ltd class A
;Class.B':iiew
new..
4'
7
|
>
f
Bladen Malartic Mines
Preferred new I Slscoe Gold Mines
30c Mar
25%cMar
17% Jan
12c Mar
.
.
Mines
k(7-7 'V-
Brewery
Voting trust
Sigma Mines
]
5%C Mar
5,035-
C-
i
new—:
.7.—
.100
-
.100
7
....
Knitting
Preferred
22
14c
10%
-
Gold
".
9
Jan£
—-
-7-v.V"-.
7
.
i
'
South
End
-
■
j.
Petroleum.—.
Soutiham Co
Springer
Sturgeon
Stadacona Mines
:
:
.14.
100
.100
preferred—
155
77^7(7'
'
155
155
100100%
-
38
Feb
105% Feb
11
Feb
138
Jan
/
95
|
r
5 % preferred
Standard
7
common..
■
Moneta
Porcupine^,
Light Heat
Montreal
Moore-Corp
Jan
V
r
;
•
National
Preferred
Bteep Rock Iron Mines
Sturgeon River Gold—
|
40c
Yellowknife
Nicholson
v
-5
t
4.00;
]
Consol
I
Taku River Gold Mines
(G)
common.
Teck-Hughes Gold Mines
Noranda Mines
I
Thurbois Mines
Norbenite Malartic Mines
|
Tip Top Tailors
For
footnotes
see
page
1762,
18 %c
2.76
,50c
—
Thompson-Lund Mark Gold Mi
4.15
32c
__1
—1
Gold
Sylvanite Gold Mines
Tamblyn
23c
20c 25 %c
Niplssing Mines
■
80c
'18c
Mines
Inlet
-1
!
Mines
45c
78cr
New Calumet Mines
Nib
Contact
Cons
Surf
<
Bidlamaque
Sudbury
Sullivan
j
I
"
common——
;
Negus Mines
7
of Canada
|
common
National Steel Car.
New
Co
••Preferred !
common
Grocers
Steeloy Mining Corp
Power-
7,7 Mosher Long Lac.
;
Steel
>
7.-.
&
87 8%
20
aes.
...
96c
,_1
3.35
22
1.00
_;
Starratt Olson Co.——.
Stedman Brothers————
.
7
1.10
12%
102% 102%
—
Paving
Preferred
1.01
11%
Standard Chemical common.
Modem Containers common..—
•
12c
9.75
♦
.
"
1.25 Mar
435
24,100
12c
,10%d
..
"
-
Sicks'
.
i'.
...
68 7 Mar
.5
4,000
'
•
16% Jan
2,030
70%
1.35, 143
7'
,
i—*-7-..-i.;
Bheep Creek
■
.27% Feb
605
105 106»/a
"
1.3S
,—l
Lake
Jan
14
19,300
.7--
Senator Rouyn, Ltd
-
11%
7 3,675
..
Corp cnmmnn..-
A'..
| Shawinigan
98c
(
370
Jan
61,400
25c
717%
-19%
_•
Preferred
23c
17%
29%
i
25.300
685
20%
§• Sannorm Mines
5%c Jan
5,000
'
40c
24'/a c
...•
Mclntyre Porcupine Mines.
Red
3.75
Feb
15,800
11c
1.15
34 %c
39c
-20
McColl Frontenao Oil
McMarmac
Jan
24%
20
Band River Gold.....
Jan
4c
1,370
10c
5.45
95c
Mar
2.85 Mar
.
Lawrence
St
Class
4.00 Mar
65c
15
15'A
1.09
1.11
...1
v,
:;
11%
15
15%
'■
1.41
24
20
.
Ban Antonio Gold Mines Ltd
■
- f
j' Martin-McNeely Mines
yj Masaey-warns r common...—^
7
9,300
1.33
1.41
5,000
24%
r"'
•
—— ,
Ryanor Mining
3.10Mar
33,000
!;"• Marcus Gold..
'
"
4.25
:
,.10
.
7.
Rush Lake Gold Mine
2.80 Mar
18,405
1
Gold-i
'A; Mapla-LeafGardenspreferred.;
i: Maple Leaf Milling CO common.
;i, Maralgo Gold
1...—-
H
56,600
24,540
Roy*! Panic
■:>
—1
A ' Magnet Consolidated
•
38c
45c 49V2C
Royallte Oil
,
;
15c
30c '
I Russell Industries Mmmnn
Gold—
Macassa;
:t
14c
34c
49VaC
|
.........
7 MacDonald Mines'———.
77 jaacMeua-CocksCUtt Gold Mines..
;
15c
::
;
J;' Lundward Gold Mines
Lynx
*
;7:'7/;0-v''.7
I
Louvlcourt
....
Roche Long Lac
Rochette Gold Mines—
I Rokana Oils Co
71; 7 , .ciasA
u
-
—.
Rouyn Merger Gold Mines
'i
(I::
■
■
3
v777''c,7 'f'- ;-:*:<.7 7'7'7
'
...
|
.1: Lingman Lake Gold Mines
>7
■
,
V--
—
Rich mac Gold Mines
Riverside Bilk class A-__;
Class B...
7L Lexinden
y
——,
f Regcourt Gold
—
Laura decord Candy....—.—-
;| Lebei Oro Mines
1
•
■
i|- Lapa Cadillac—-
if Lapaska
--A-,
■ ■
Queenston Gold MineS-4-.-ir——
Quemont Mining
....«
Lang & Sons^..
f;|
54
y-;
——
-
■■
14 Va Mar
—
■■■,■.; 7:- "
1
Feb
22%0 Feb
| Quebec Manitou ^-77"y——.7
oommon.—.
i
3.45 Jan
17
»
Puritv Flour Mills
Preferred
Feb
58 Va Mar
.
Quebec Gold
the Woods
3.30
Trust
Proprietary Mines
Purdy Mica Mines
{
1 (
Lake of
-
Preston East Dome Mines
v
I
I
I
,
,r-r-m
Gold Mining rn ^
| WsssbiT Metals
P La ^ Luz-;;Mlhes^^—....--7.—7,
i t Lamaque Gold Mines.;——
,
-
Rouyn Gold
Voting trust certificates.
| (Premier
j:ff Lake Shore Mines, Ltd
—
1.25
Mar
•1760
III A
Monday; April I;
COMMERCIAL &. FINANCIAL CHRONICLE
THE
CANADIAN
'afe
RANGE
194$
LISTED MARKETS
FOB, WEEK ENDING
MARCH 29
'4
Week's
/> Friday
fe Last >fe
STOCKS—
Par
,Toburn Gold
•
Toronto Iron
-
.
——
1.85
1.85
413/4
*
common
36
Jan
12%
250
11%
12 3/4
585
11% Mar
30c
3,500
25
26%
75
'
103 »/2
•105
25
1.21
1.30
24,400
7^i"-i7:V7l26c.
261/2
.100
.
—.
2.40
26c
;
Jan
Union Gas nn
y
:
....
97/8
J; Union Mining '---r--ir/-:„, i
■fe United Corp class A_.
———*
.9%
Class B
Canadian Breweries
Feb
United Oils
:> '
.
.
V
44 48
•
to'
United' Steel
<
26%
15
.
—
> 48
47
10c
9C
♦»'.
•Z;// ,' 150
Jan
29
Bronze
4,000
8,255
.
Feb'
8y8
10%
11%
fe 2.87
2.75
3.00
39,960
13%
133/4
14 «/4
47<?
3,445
2,500
'28C)fe30o
1,600
i8ya Jan
559
47% Jan
21
22%
>
io¥
,-100'
48
47
10
108
1,965
Ventures. Ltd.
r
Vicour
Mines
Villbona
■
45c
.
Mines! Ltd.
Geld
Waae-Amuiet Mines/ Ltd.
Walker-Gooderham & Worts
'■
Preferred
,45c
J
£
4.55
4.55
■123%
122%
com—.
...I
.
Jan
13 %
3.98
Car & Foundry common
.
18%
19
"
59 ya
fe 43
785
401/2
Jan
18
585
16
Cottons
22%
Wasa Lake Gold
.
4.60
1,600
116 123%
1,075
22%
|
16
10%
14%
:
<2,267.
■
38
common———_*
835
Z
38
100
21
1.30
1.30
1.40
v'"?v ;V-:fe?fe.' ;fe;!
Wekusko
■West
Consolidated-
Malarnc
■
Westons
■
Ltd
14,650
45c
52c
40c
10,300
28
28
65
28
30
107
Mar
55c
300
16%
225
21%
21 %
22%
16
Mining & Smelting^l^S
Consumers;-Glassz——^.„*:
88%
86%
16%
88%
45
44%
*
31
31
-*
100
97
•
42
—25
preferred.:
*
Dominion Dairies common.—
14
:
Canadian Pacific
27
:21C
29,200
153/4
2,129
13 %
181
Jan
30c
33c
10,700
94%
26c
Mar
17c
r-*i Wright Hargreaves
5.30-
Mines.
Mines-
York
IV
1> Ij
Knitting
5.50
60
45
20c
22c
14%
14%
15
175
common
.
*
—.
2,030
58,900
17,400
63
2oyac
175
;
Ymir Yankee GlrL
17%
-
Domraion Bridge
.
-
43c
> '-1st, preferred
225
Coal
160;
,1--.
391/4
39
$3,000
Mar:
{
37 % Mar
Feb
43
/
I
East
Exchange-Curb Section
Sale Price
Par
Corp
Atlas, Steel
»i
«
■
1— — n
■
■»
I
m»
Low 's
58
«.
l
;
British Columbia Pulp & Paper com—*
.3 Preferred —i.——^.-100
Brown'CO common^
Sugar-
Canadian
^
Lumber—
Western
170
5
1$
185
Z
Mar
Paper
,
*
25%
26%
415
25
Mar
29
Players Canad
14%
14%
95
i
84
56
:
14 y4
430
.
Jan
r"
,-100
—
z'
40
56% Mar
60
15% Mar
18% Feb
Imperial Oil/Ltd—-m—«—
40c
85c
Imperial Tobacco of Canada common.5.
Preferred
iw
—£1
500
Jan
5
3.80 Feb
120
120
40%
.42
265
95% 100%
215
)
-42
70
27
27%
352
31%
49%
45
50%
128
Jan
5
1.865-
121
:
135
Intercolonial
Preferred
58
10
56
.Jan
60
5,985
18
Mar
24
3%c
500
3.60
3.80
1,200
29
95
109 110%
115
110%
14 %c 14%.C
Coal
3%cMar
2.60
104
Feb
Jan
13c
Mar
.
International Power
Feb
International
Feb
5.00 Feb
29
-
22%
104
,
110% Mar
33c
Jan
Utilities
'fefe,
fe
22%
22
23
203
108
108%
*
18
18%
9
9%
194
15%
preferred-
Jan
105
Mar
29
Jan
33
Mar
21% Mar
99% 101
Jan
203
85
150'
106
Jan
109
Mar
17% Jan
20
v
Feb
"2%
'
2%
8% Mar
98% Jan
33
2%
1,850
2
32%
33%
1,776
30
Feb
70
•
—*•
TO
40
60
Jan
.
Jan
:
12
Feb
101% Mar
3y8 Feb
35% Jan
70
Mar
.
Paper class A
TraC
;L*r
22%
21
Gold
Canada
197
Light & Power——*
27
26%
25%
25
25%
30%
Preferred
Canada
•
3,315
27 y8
31
-.*
—
;
/197./197%
i.34
A-
—•
31%
'
f
,
.
150
100
144
1762.
4
21%
147%
27 ../v
.'
21%
—————100
page
g 25% Mar;
;
22
Jan
27
22% Mar
200
30 Va
Mat
Jan.
31% Feb
.
5
>; 34
20% Jan
4,325
/
745
350
14% Jan
131
26
Jan
Jan u
7% Jan
32% Jan
I
275
17%
175
13
^
50
42%
49%
19
I...
50%
22%
23%
51
53%
/
f.
^
124% 124%
44
44
15
'
\
65
14%
/
Jan
.25%
25%
25%
32
161
1,385
29
Mar
44
15
157
Jan
70
;:::Z ':■
19%
30
—-•
Feb
Feb
26
Jan
10
Feb
70
Mar
13% Mar'
.
.
80
19%
_
Feb
20
14% Jan ' :■
^ 16% Jan /
Feb
27%
Jan
30%
935
33
29%
Feb
33
Jan
*>168
34
25%
24
45
National Breweries common-——-*
/.Preferred
—25
141.
22%
Feb
Mar
-
Mar
25%
Feb
Feb
51
Jan
44
4,559
47
z/
26
10
66%
68
Jan
24
Jan
Jan
29'/a Mar
,
.
29
'
Ottawa. Light,.
Placer
Development.—
Powell
River
Co.-—
Price Bros & Co Ltd common
5%
preferred
-------
"
-Z-
*
j
33
■
71
50
17
200
fe 16
50
30
70
Jan
74% ■r.
170
20
20
170
33%
73
,
Provincial Transport
Power
;
30
1,370
3,770
100% Mar
17%
50
21%
20
16%
17
;.
Z
57%
::■■■ 17
;
.
Feb.
Feb
33% Mar
17% Jan
54% Mar
155
20
——-
23
13 % Mar
14%
59 y4
21%
17%
34%
.,74% Mar
Jan
r!00%100%
Feb
Mar
:18% Jan
Mar
20 Z Mar/
1,390
.
8% Feb
70
Jan
fe>^ 14
58%
100%
26
f
Jan
33
Feb
180
21% Jan
fez6% Mar :
68%
'
33% Mar
Jan
175
50
300
32%
74%
14
—
24
;
7j/2
17
/
>20>;>/
——-*
/
22
6%
•
Jan
?
Jan
33
.
33
;
i
30'/a
1,684
68%
.
.
>-////?■/
—,——1
"—100
22
6%
Heat & Power——-100
180
180
180
ifev/w —
Page-Hersey Tubes—.—
Penmans Ltd common-—-—-—-—*
33%
31%
33
Feb
72
s
Ogflvle Flour Mills common—
•
•
Preferred
.————100
Ontario Steel Products common——•
Ottawa Car Aircraft-—w—*
Ottawa Electric Rwys.
-♦
47% Mar
/■:
24s/a Mar
63% Jan
1,360
::
;
/
2,400
26 Z>
Zf
68
44%
20
,28% ,29%
*
Noranda Mines Ltd—
799
45%
.44%
■#47!>;
47
28%
*
61
•
Jan
102
Feb
15% Jan
18
Feb
330
17%
22
Mar
140
1,19%
■
Jan
Feb
29% Feb
Regent Knitting common——
Paper common-——
Rolland
/?■*
//>
;
Mar
650
J167& 168;
24
22
23%
.1'"
32
preferred^——100;
Jan
Jan
23% Jan
3,211
5,127
18 %
17%
27%
18%
19%
55
3
13%
70
33
Z
161% Mar
z
10
25
13%
(Robert)'
fe
Mar
35
35
22
22%
25
17%
27% Jan
185'
21
22%
.
Feb
15
Jan
161
35
3
425
/.
35
—♦
Niagara Wire Weaving——
;;
q(
124% Mar
Feb
12% Jan
25
Jan.
65
14%
30
Breweries..:
Jan
/
—100
:
40
210
Jan
27%
55%
116% Mar
.
fef
Jan
133%
,
Feb
47
Feb
Feb
47
120% Mar
21% Mar
Mar
13% Mar
43% Mar
72
3,237
135
:
34% Mar
.-Mar
3,604
127 Vh 130
Feb
22%
Jan
39% Mar
1,913'
,
Feb
140
Mar
140
50
13%
8%
38%
34% Mar
50
34%
>15% Feb
13%
395
140
41
17%. Jan
Mar
15
'Mar.'
"24% Feb
Jan
Feb
Jan
45% Feb
37% Jart
/
20%. 20%
130
25% Mar
3% Mar
112%
Feb
_
Feb
Mar
34
30% Mar
800
19%
Quebec
18%
,148
26% 27
Jan
23% Jan
■:,/
605
18
see
45
Feb
181% Jan
260
32
18%
For footnotes
6,382
31%
common-i——— •
Forgings class A——.*
19
561
;
12%
2,590
t
35
/>33%'
Power Corp of Canada
3%
:
Dredging——^.———5
Cement
22%
—100
-
[•'' Building Products class
f
Bulolo
/
Mar
1,525
Mar
,17% Feb
1
Feb-
26
130
V 110
13
140
•
Mar
3,932
15%
8
42
>
9%
100
^; British Columbia Pr Corp A———*
{/■ Class B
-4.
;
100
580
,
15%
8
13
Montreal Light Heat & Power Cons—•
Jan
...7/..'--7^^> y/'i./•('■/}/■■
i' :■••••/
/
24
703
.
Feb
Mar
55% Mar
Mar
Jan
,/;
Mar,,,
110
35
50
Corp—
»V,
Montreal Cottons
High
Jan
85
10ft
Corp
Brazilian
•'
Bange Since Janaary l
20 V4
108
Mar
1,645
3,229
i
42
17%
Molson's
feft'25/
33
191
Electric Corp-.
1) British Amer Bank Note Co
;'.
104%
34
111.35 1
?>-■
255
20%
8% Mar
156
Mitchell
Low
23
t
10
34%
—
•
32
i—s.fe*>-
9%
140
Jamaica/Public Serv Ltd :com.—-—»*
Labatt (John)
Lake of the Woods Milling common—*
Mar
/'
•
Feb
111
z.
Jan
55
30
;
15%
Massey-Harrls
McColl-FrontenacOil ———*
High
5
106
Mar
.
14
MacKinnon Struct Steel preferred—100
of Prices
18
■
Range / / for Week
*
545
Feb
111
105% Jan--u
110
Jan
95
.
fe. 50
1,080
common
National Steel Car Corp.:
fe Bell Telephone
I
Sales
110
T10
20
—*
International Petroleum Co Ltd—*
Mar
-
7c
17% Mar
4,200
Week's
•
22%
common—————*
fe v;';-/ ' :
'•
Bathurst Power &
19% Mar
.15
-100
——
common
—
Exchange
tow
Warrants.
' •; •'
'
.v
Feb
34
2
—100
common
——
International Paper common——i—15
..Preferred
————-100a
■' {
\ / Associated Tel & Teleg preferred
J-;.
vlS/feMar,//
14% Jan
Z"
.34%
Hydro Elec System A;—
international Nickel of Canada torn—*
Foods
Sale Price
'eorp'-.commonfeL-—i:—i—■* '
Asbestos
Jan
13% Jan
16% Mar
fe 9 fe Mar
2,825
International
Feb
">24%
Ainrrtinum Co. of Canvda.nfd
j,
35
;
'
International Bronze
/Jan
2
"
3%c
Aluminium Ltd
■
Mar
,
13
53%' Jan
Mar
1.00 Feb
22%
Acme Glove Works Ltd 6%% pfd„ 100
Agnew-Surpass Shoe common
■
25
76
14,090
Jan
44% Mar
35
2
Wl^Por-
,
Jan
100
16%
41%
8
Industrial Acceptance Corp com——
2.15 Jan
39
Jan
33% Mar
-
21%
21%
STOCKS-
4.
16
:
28% Jan
41%
———
100% Mar
,
Feb
23% Jan
25
33 y4
Feb
1.60
915
Jan
Mar
39% Feb
1.70
2
common-
convertible
Feb
Mar
Mar
120
Jan
91%
1.60
33 y4
Jan
119
128
and Atlantic Sugar A com.—*
4%%.
20%
10
16% Mar
55%
15
2.300
Last.
Argus
Mar
60c
Feb
45c
175
300
.15%
d->o,
Friday
:
fe Mar;/;
16% Feb
118,
50
s
10
32%
5,786
Canadian
...
180
60c
110
110.05
mi
Montreal Stock
•
.
103% Mar
Jan
Feb
19
34
*
Preferred ——i-——-100
Hudson Bay 'Mining-—-——-v*
16% Jan
58%
17
IS;
w—«•'—
|/[; Amalgamated
):
Jan
13
; 140
Legare Ltd-pfd-,—^-25Lindsay (C W) common
*
i
90
165
3,060
28
;
17%
A:/./Mar;
m
^
4,093..
..50,^
18%'
15
2.80 Mar
'
■;
/ Lang & Sons Ltd John A—
Laura Secord
Algoma
109% Jan
10
10
•
v
23% Feb
60
.245.:.
15
7,500
w
[
980
1,385,.
55%
1.000
50
—100
\
Steel
Feb
Feb
32% Feb
24% Feb
112% Jan
140
—
Preferred
v-i-
16%
24
23%
32
10%
/ ••"
4%
Teousfcauung Mlnmg.
t.
r
Mar
12% Mar
110% 110%
T8% i9y8
107% 107%
*
3.25
58
// Preferred
.
Jan
21% Jan.,
Feb /
300
103 %
110
preferred ——100preferred
——100
4
I Fend
[:
225
Jan
175
205
9
/Preferred '..(called 1—w——■—
N
100
33%
y8
18%
3.15
Selections—4.-1—
Acadia
31% Jan
31% Jan
31
4%
■
Ontario:-.Paper--7.//7i-i.S
m
10
85
225
16
16%.
new—*
•
Corp
Hamilton Bridge
Howard Smith Paper common
Feb
100
Oreille
Reliance Grain
13;
33
25
Charles) common———^-.*
Preferred/ —
—-———100.
Gypsum, Lime &> Alabastlne-^^i-^W-*
Feb
271/4
-i-x*
—
Oil
15
11%. Jan
33% Jan
/ 37% Feb
Mar
10%
,
11%
•(/
Goodyear Tire Pfd Ino 1927——^—.50
Feb
,
15
common
Preferred
i Langley's common
^■Preferr^.S^7i^i7^
Minnesota &
Jan
45% Jan
...
25
10
Gurd
Jan
96
Howard Smith .:common_-/ui—y
International
Feb
13% Mar
Feb
Mar
114
"
Mar
7%
5% Mar
I; 24
100%
■,.n,.n...,-n1.-,
■
Mar
16
:
/Mat
Jan
Foothills- Oil &;.Gas;-7«.—-7«.———*' fe 1.70
s
Feb
;
19% Mar
L'
common-——
'
40
545
11
-f-fe'-:
43c
'
—
525
60C
■
5,,'0«»l
42
iv.14
24%
11%
\
Preferred
56
300
*
Aircraft .preferred——10O
Dominion Bridge
Have®
Jan
97
5%%
.
■ *r-
230
21%
^
*
Oil
Textiles
;
91,% Feb
Feb
.18%
-1
-,*.
3.15
deHavilland
Dominion
13%
92
.
25
—*
Power^
General Steel Wares common—
FeljfM
62:
14%
Consolidated. Paper.7/4-.7l:.fe--7vlv 7/* -;
Dalhousie
5%
Jan
26
2
Westinghouse
-i
35
21%
;».'
I.,.:■■■■•
Marenni
if
Mar
1.281
♦
Canada;-, Vinegars:
/Canadian
/Canadian
.
High
Mar
55
6%
95%
—75
Dominion
31%
24%
Gatineau Power commons—
•
36V4
-215,
180
.
■: 6%
95
Bulolo Gold-,
&
Jan
180 /180-,,
15% 16%
16'/*.
-
Bange Since Janaary l
385
-
73
180
180
6%
—
Canada
29%
110.45 110.50
180
-100;
Kootenay
Famous
Low
33
58%
70
-.-.Prpferred
:
45
655
24
:
;TAf%-
common-—
f Foundation Co of Canada
High
56
.'
u,,..
r
24
*
Sales
32%
■
l»l
Jan
;
*
STOCKS—
A«hestn«
3iy2
23
24%
English ;Electric class A—————*
;.| ;Z., Class B —
for Weak
Sharea
420
10"
,
110.45
100
Electrolnx Corporation ——
Enamel & Beating Products—
I
Canadian Fonda
Rang*
Jan
23
*
Preferred;
1
of Prices
15% Mar
78
,.T4%
15%
.25
«»w<w«w *•«#«•*
Dominion Textile
z
I
Last
24% Feb
18% Feb
240
280
220
;|/z Ihryflen/Fai^!^
Friday-; fezWeek"i
3,377
■
16
33%
33%
Dominion Steel & Coal class B.
Dominion Stores Ltd—.
Feb
19
175
Mar
ill
Toronto Stock
17% Jan
;
19% Mar
245
10
Voting- trust certtficates—i-«4-
:
14
Dominion Glass common—— TOO
Feb
Preferred
Rv-
39% Feb
"
Jan
915
100
33
Dominion Tar & Chemical common
uchi
15%
Jan
fefe'
I
:
™35
Dominion Foundries & Steel
6.55 Feb
67c
390
14% Mar
52
•
Jan
Jan
'
Dominion
Feb
Mar
-
Mar
33
?>•
31%
40%
Jan
Mar
Jan
18c
53
22
Feb
85
45
15%
Distillers Seagrams common
Jan
30c
5.05 Jan
32c
■
Feb
101
Feb
class A—
Preferred
£ H Yellojex
.
Jan
108% Feb
Feb
101
Jan
30
Mar
Railway^,.*-—«i^»25z
_
Consolidated
Mar
60c
104%■ Jan
15
32c
35
16%
Canadian Oils-
30
Jan
100
15%
ioo ya,
r
34
ib ya
Canadian Locomotive
1.69 Jan
Mar
30c
25
15
'17c
21c
:
.
y
„
.
Eiectrlo -common—.^-mL---*
Preferred ——100
Winora Gold Mines—1>
Winnipeg
41c
1,020
'107
WlitaeMitibk
35
48
23 y8 Mar
Mar
1.15 Mar
9,300
35c
29
——*.
common——,
16%
Jan
129
40
45'/$ Mar
Jan,;
5
.
Feb
240
19
15%
975
15%
Cockshutt Plow
28
Preferred,,
Feb
48
18
15%
Foreien Investment———.*.
Canadian Ind Alcohol common——*
■
ciass -b
,
4
38c
C
/^r/,-r.Z.I -/fefe. >i/
Westeel Products
4.25
Feb
Jan
i 11% Mar
V
Jan
35
Mar
43
78 V
5% Jan
■>' A 25
67% Feb
Mar
19..
Canadian
Feb
Jan
67c
„
Mar
109
640
23
r
161/4
87c
13% Mar
22% Mar
Jan fez
Jan ;>
43
10%
Canadian
20% Feb
16% Mar
64
64
43
/Canadian Converters class A———
Jan
28c
Jan
108
63
22%. n 21%
-25
Canadian Celanese common—.—*,.
Preferred ————100
Feb
Jan
45c- iviar
1.
Feb
51% Feb
Jan
19
606
.
Jan
108
108
27%' Feb
Mar
5c
230,674
51 i
Davis Leather Co Ltd
f
,
20% Mar
17,637
27c
10c
51
.
14%c Jan
2.55
11%
Upper Cauaaa Mines Ltd..
625
52
common—
/Class A
Feb-
50
Mar
7c
20
24 c
•
-—.—
Canadian
31%, Feb
Jan
40% Jan
,
.
14
Feb
/T4% Feb
S2% Jan
52
Feb
Jan
Mar-fe
9%
Jan
45o
Jap
;> 24
405
-
12
Mar
12%
5
19%
22
•
common——
Rights
Canadian
Jan
1.80
•
-——.160
class "A"—..
21,005
26
;•*
27c
405
51%
5% /.preferred<-50
Mar
9'/a Mar
985
313/4
25%
11 United Fuel
1;
33c
31%
,
;4
10
28c
33c
14
11%
'
19%
*
'•,/ High
Low
High
14
g'Z/;
Bange Since January 1
Shares
11
preferred——'"
Preferred ————
i 1
;
for Week
;
30
105
1.20 Mar
Foundries
Canada Steamship common——
v
m
39c
Feb
Feh
Iron
Canada Northern Power Corp——*
z
12% Mar
23 y4 Mar
103
Feb
12% Mar
.r
Can
Feb
46%
Jan
11%
12 y4
1,30-
.
Preferred
>.f Trunscuhcmeuiai Resources
125
12 y2
1
;
?;;
fe.L70..Marfe
1,400
■
42
Low
Par:
High
Low
Z/fe>fefe>fe
Sales
;
Range
of Prices/
Sale Price
STOCKS-
Range Since January 1
12%
«
■i\ Cf; Class ■ Aj——-fe—fe
11 Tow acinar• Exo loration
|; Traders Finance class A_—
Shares
1.70
v
'■}
/feZLasAifej
for Week
Low s High
1
| f Toronto Elevators-:
4
Range
Week's
Friday
>;
of Prices
Sale Price
4
fe Sales-
:»
Z
*
50
/
Jan
16 ya Mar
20 Mj
Jan
18%
Jan
^
THE COMMERCIAL & FINANCIAL CHRONICLE
-Number 4477
[Volume *163
CANADIAN
RANGE
i
"fr- i; .•>
:
St
Mills com
Lawrence Flour
Shares
8%
;J32%
•
High
39
—7
-
4%
4
Rights ^-1—'4
,
1
Low
/•
,
.
36%
:
Jan
4
Paper preferred—100
Shawlnigan Water & Power
•
-
Sicks'
Feb
83
Jan
30
31
250
29
Jan
;
160
165
49
156
Jan
'.■•••
Breweries
'•
common.
>
25
-
-25%
44
46
3,697
37%
-470
46
:
•
,
Great
Standard Chemicals
5%
Steel Co of Canada
.
Halifax
-
88
25
Brothers
Walker Gooderham & Worts
31
16
Jan
260
123%
30
25%
110
24
Jan
i5%i
1,125
13
Mar
-15%'
1——100
5%
71
175
28%
28%
95
—
.
;
"7
7
3
7.
.
7
33
53
50
52
Mar
80%
80%
148
60
Feb
Foundation
6%
(Alfred)
conv
•
;
1
••
IIIi
Inc
53
12
10%
14%
14%
>
Ltd
6% Mar
12
Paper Co
i:
McColl-Frontenac
Oil
6%
©Melchers Distilleries Ltd
iil
pfd
85
34
Jan
14%
Jan
Feb
35.
38
39
15
15% 7
Jan
13
-
"i
235
29% 729%
7;-v 9
575
Montreal
Refrtg & Storage
preferred i—
1st
Moore
21%
12% Jap ;;- y
Feb
15
*
12%-
\ Vc,
Jani
10
13
9%
10
Mar
29
Jan
25
*
20
74,.14% 7
12%
;,/■ .18
Feb
/
35
11%
975
56
55
56
75
46
ioo
11
-
Quebec Pulp & Paper 1% red pfd. .100
■:
Reliance
,
Grain
Ltd
Co
commons
34
~
Jan
34
34%
24- 25%
:
—1,; 7:,
■
♦
no
...
no
239
1
33
315
110
7
>
'
Mar
.
20
16%
22%
Jan
670
Commerce
23
22
23
1,010
25%
25%
26v
1,265
21% Jan
36
35
36
24%
130
33% Jan
445
20
Montreal
—
Scotia
Nova
———.10
—.———.^....10
24%
Royal—————————^,————10
m
Sarnia Bridge Cp, Ltd
:
*
Southern Canada Power 6% pfd
100
Southmount Invest, Co. Ltd.—i
•Standard Clay Products—
..*
Feb:
23% Mar?
19% Jan
•'26% Mar?
36 V Mar:
>
Jan
25
Stowell Screw
Mar!
1
%
1 '
s
-i
•'1
Co Ltd-—.
125
/•,
'}f I
10
125
:26c
«7Ja||
.
% 25% Mar! 7
Feb
110
'
13%
29
.
29%
25%
©; 15
1
27c
13%
25%
29
T; - .'
22
10
115
r,
Jan'
4,752
1:
25c
25
.100
Mar
l
■-
:
•77
Jani
:
-
....
125
12% Mar
126
Mar
.]■;
:vi2%; jisfetl
>Mar
Mar|-M
30C'
Jan,
13%.Mairiw?
29% Feb S'3
v
''
United Corporation class -B—
i
10
7124
...
26Q
——*
"'t1
■
,
10
FebW7
56
14%
s
20
■
24% Jan
50;
.
^
Feb
Jah'"
12% Mat;
1
Jan
108
251/.
Febbl
30
16%
-
Jan
13%
V
Feb
.Janii?'.1
7 76%
-Feb
13%
13%;
.-
13
Jan
8
Jan| '-7^
Jan *""'s
23%
70% Jan
289
^
Jaml
11%
IS1/* Mar
18
Jab-'i?
J Jah
106%
fi-
i
Power Corp. 6% n c part 2d pfd.—50
Purity Flour Mills. Co Lt.d-».~—10
30—
5,145
30
74.
14%
v>..
181
22%
10
Corporation Ltd
vtS '
16
;
Bank*
20
Jan;
44
7 104% Jan
77 8
Jan
57
771- 35
9 ■*'■
30
..30
-
Nuclear Enterprises
.*
21%
com.^.
Mount Royal Hptel Cp Ltd.-—•
.
106 106%
>7'; 8 :1:7
15%
Minnesota & Ontario Paper Co——5
,i
i©
106
•
10
„
17% Feb
28%
39
15%
100
common.
.
85% Mar, ,7-',
^ 8y*
•
Preferred*..-.
20
Jah;
53% Mar;
1,260
2,520 4:
•
Preferred
1
I
i
-
8
•
Canadienne
I Jan
8;
7% Mar
15
7
I
-ll(
Mar
7-: 7»« Mar'.
-Mar
53
500,
Feb'.
'A
Feb
.11 v-1v;
•
20
1,000
Feb
-
Mar
28
16% Jan
50
■
150
32% Feb.'.
5
7%
Nickel
MacLaren Power &
FeW
29
'm
25% Mar
20
6%
Feb|
:
38
Jan
'
*
570
20
10
/ >
7%
"
28
60% Mat
*30-
6%
;-'r.Feb|::
17% Jant
100%'Mar!
..
Jan
135
28
28
.
Jan
34
10
37%
36
28'/a
25
——————.,.—..25
——
15%
09% 100%
37%
-
preferred
preferred.
6%
15%
100V«
Ltd common.——•
Preferred
Zeliers
•
Co
Maple Leaf Milling Co Ltd common
■
,.;y;
•
Jan ?M©23:
Winnipeg Electrio common————•■
Mar
30
27
25
'
.
:9tf
Mar
127%: Jab?
Feb
Jan
25%
26
30
._*
....
5
Lowney Co
**i:
22%
—
' 370
-
J.25 Jah I'll*
7
Jan
•
'•
Feb
27
•
.Mar
53
11
l6Vi
55
Ltd
vtc
Insurance
Lambert
Mar
13%
?
74% Jan
109
430
;
Jan
60c
pfd
Lake St John Paper & Power
7.Mar| 7
40'
Jan
16
40
98
82
117
8%
1,710
16
15
3,707
'•
&C- '•ROf" Altor I'-':':; '*•'
25
Wilsils
•
common..
Mar.
Preferred—jLL22% 22%
Weston (Geo)
common.—^———1•
28% 28%
•
Paper
preferred
Inv
Jan
88
Jan
60c
,
High
International
Mar'!
16
**103
Jan
84
108
111©'11%
91
123%
•
com
79
70
90
60e
>7587:7760,7
t''<i
.
...
Low
Hydro-Electric Securities Corp...
-'c
,
Mar'
20%
",>*
Jan
Range Since January 1
High
Fet^v
Mar
46
% Jan
100%
365
40 ,'l ;40 ;
*—
Wabasso Cotton•
10
M
Shares
_
Low
60
Seles
for Week
of Prices
,'y Massey-Harrls Co Ltd 5% pfd—-100
—1'* /©.I 11%
United Steel Corp..
&
Viau Biscuit common—-
:
If
891
/>| 90
•
—
©•:
85
•
;
Week's
7f'7 Range
Por
''
'
de LaSalle :inci.-i-—
Hotel
Mar?
32
165-
Jan
10% Mar
7,732 '
12'A
103 *
88
103
18
665
20%
11%
v
103
"
:•
common—
Preferred
Tooke
12
109
:
19%
—
—*
common
preferred
Lakes
.1' Common
•
.
Southam Press Co—•
'v
J'
Foreign Power Sec Corp Ltd com.——*
Companies
•
•
;■
i
Sale Price
Fraser
»
;
.
:26%
21%
31
165
-
,
95% Mar'
■
100
Preferred
K
\
'
4% Mar*
Williams of Can common—*
Sherwin
.
•
560
95
92
9&
25%
,
.
Mar
111
**
\
36%; Jaaj
*£741 .*' Mar
30
,
Lawrence
•
8TOCK8—
105% Feb j
9% Mar?
,
•
7% Mar
Feb
'■ '*
High
-
■.
103% Mali
50
70
390
1255
;
41 ^
:
•
St
"•
2D
Last
Range Since January 1
i
•
105% 105'/a
.8%
8%',.
32% 34
105%
SaguenayPower preferred——.-——100
St Lawrence Corporation common
•
A preferred
50
MARCH
for Week
Low
Par 7
ENDING
WEEK
Friday
Range
of Prices
«.•:>©r-""- Sale Price
STOCKS—
LISTED MARKETS
FOR
Sales
Week's
>:©.'..1':' );■■■■■ 'A.y
3761
'
29
,
1 .J.-\)t
Feb'.; 77,,
United Distillers of ..Canada Ltd^—^.^.*
United Securities Ltd
100
li
8
11%
217
5
Jan
16%
Westeel
28
25
28
52
25
Jan
29%
Jarf. ,/i'
55
1% 11
12%
Feb-,4^
Products
Windsor
Hotel
Ltd
Abltlbi Power & Paper common
New common
6%
m 1%
*
Sale*
Range
for Week
of Prices
i Last-
Shares
Low
Low
•
7%
14%
preferred
preferred—.2.~
7%
14%
99%
99%
7
1,350
99%
1,872
—100
■»
7%
186%
;
188
18%
;H
4,655
..
Jan
18%
—.
New $2.50 preferred—
38
—
1—
H > '■
:,"r
V
58
177 :
9
Jan
fl
7
6%
6%
7, 150 150 y8
4.-
38
25
Mar
58
•v;
Mar !•:
150
5
22c
7C
24c
7c
7%c
:::■.■■
"600 ' 60c
60c"
4,500
British
Columbia
British
140
5,500
156
Jan
7
75
Jan
54c
Mar
87C
Jan
49c
Feb
61c
Mar
74c
Mas
25 %C
30c
Mar
y;:1i
34c
42c
39C
Feb
57c
Feb
20c
20c
6,500
4,000
1,500
24c
40c
19c
Mar
30c
Jan
1
16c
17c
13c
i«c
18c
20c
5,300
3,000
Mar
20c
Mar
Brazil Gold & Diamond M' Corp.—mi
Mar
20c
Mar
6%c
7c
5,500
5c
Mar
15C
Red Lake
Gold
(_v'
»
1
I
27c
...1
42o
Gold.————
Mines
Gold
;
Gold
...1
—
S';*
; v.',",
,
Bouscadillac
:
^
•
7
Ltd..
Mines
Central
15%
...
Mines
Feb
20:« Mar
45
10
Jan
15% Mar
13%
13%
5
13
Jan
Cadillac Gold Mines Ltd—
P
&
Preferred
.
26 y*
©11726
26%
733
25% Mar
50
50
51%
147
38
Jan
70
72
560
57
Feb
i
©170:
182"
182 i© 182
1; 6%
6%
■■:
30
170
9c
10c
5,500
9c
Mar
46c
50c
48,750
33c
Mar
34c
34c
1,000
30C
Mar
370
36c
38c
6,700
35c
Jan
43c
Feb
54c
.1
60c
15,575
50c
Mar
72c
Feb
-5
..._—*
28% Jan
51% Mar
7-72 :
.
6%
3,068
94
95
638
25%
26
175
25% Mar
8%
9
200
8% Mar
>1
Calgary Power Co Ltd
Canada
Canada
pfd
Canada
_*
Starch Co Ltd
7%
107
106
95%
.
26
1,340
25
Mar
55%
95
55
Mar
110% 111%
195
109
Jan
55
111
Canada Wire & Cable 6% %
*
10
2
10
10
109% 109%
15
25%
25%
25
13
pfd—100
2.50
2.50
100
3.80
3.60
3.90
10,300
Eldona
-
Canadian Food Products..
13
100
•
Canadian General Investments Ltd
*
Canadian Industries Ltd class B
•
7% preferred
:
100
62%
Jan
.111% Mar
7'12
Mar
109%
Goldvue Mines
Jan
12%
Jan
597
28
163 *
Jan
212
181
16
178
Jan
181
62
Mar
15%
Jan
10
375
4%
'
14
4%
7 14
25
4%
1,114
147
,t,:
Mar
4
2%
2%
146
1.75
14%
210
13
Mar
16%
17%
500
118
40
113
12%
Feb
98
•
Jan
•
Canadian Western Lumber Co——2
Catelli Food
7
Products Ltd'
Chateau-Gai Wines
Claude
Neon
Adv
W:
"
'
.
17
17
11
97/a
11
55c
55 c
65
67
7
'4%! '• 1-;
7%
..5 ''
vV."t
*'|
i
"s x\\s\t
.1
Preferred
2.60
Consolidated Paper Corp Ltd
Dominion
Square
Falrchild Aircraft Ltd
Si
7.1
415
Feb
'Feb
Jan
Jan
8% Feb
v
19
Mar
>850
10
;
77
15,529
600
10
21%
957
23%
'©V1*; 25
15%
425
17,%
3,092
12%
305
8%
18%
Feb
2% Feb
Mar
2
44% Mar
40
41
4% © 4%
7
35
22
-
f
1
•
4%
51
'
Feb
-
Jan
13% Jan
Jan
Jan
24% Feb
v
41
Jan
26% Jan
17% Feb
Feb'
18% Feb
11% Mar;<
--*14%. Feb
15
.
*4
Aircraft
Ltd
;
Ford Motor Co of Canada class A
For
footnotes
see
page
1762.
:
•
•
i
'
5%
28%
5%
29% 17 ©1!
Mar
300
499
635
5%
Jan
27% Mar.
30c
33c
48,000
28c
Mar
1.60
1,000
60c
68c
45c
50c
.....
15%
16 %
/
'V
Jan
.-.;;
36c
6.7^
"
;
Feb'T?,
49c
Jap >•17
1.20 Mar
58c
Mar
45c
16%
..1
1.45 Mar
2.05
Jan
26,400
60c
Mar
83c
Feb
300
46c
Mar
63c
450
15 y» Jan
50c Mar
75c
'
1/
-61o
—
70c
730
79c
36,100
3.200 7
6c
6c
100
1.27
1.26
1.39
32,300
<
•
•
/■
•
Ltd_.
..1
..1
-1
>
"
K;,t
—————.
J
••
v
61c
Jan
Jani.7;
19% Feb 7:7
5%' Jani
9% Jan
8
7 32%
Jan >7
6c
Mar
1.05
Jan
,"l
"'I^'
21%
22
18C
31c
;.>;,ii457
18c
500
30c 31 %c
21,900
3,000
1.50
1.50
i
.1.10 Feb
9c
Jan,.i
'
-
-1
Feb II;,
2.24
■1.' vi
21% Mar
Mar
20c
28c>
Feb
43c
1.45
Jan
.{ '*$
F^b''c$
26%
18c
-
Feb
Jan*
1.65
Jan'
'
,,*
Macassa Mines Ltd——— ..1
Macdonald Mines Ltd.———. ..1
*;
Norseman
Pandora
—
Quebec
1,000
4.05 Mar
13
Mar
2.30 Feb
1/
31o
35C
1.73
1.50
1.75
4,300
23c
22c
25c
4,000
22o
2.75
2.65
2.75
2.65 Mar
-1
1.50
1.50
1.50
2,855
200
tvir
4.05
14,500
31c
Mar
1.09 Jan
Mar
1.50 Mar
Mar.'lj
7.50
Jan'-^A?
1/3.20
•
Mar;ii^
1
41c
Mar.
2.07
Feb.,H
31c
Jan
*3.85
i;j-
Jap j.
1.50 Marv I
,
32c
''31c' *
34c
Mar
46C
Feb.
30c
28c
35c
7,000
106,300
3lc
—1
23c
Mar
37c
Jah:
1
'1. -1'
'■'/-■>.
40
5,800
"II
33c
30c
35c
11,200
24c
Feb
40C
Jap
15c
15c
2,500
14c
Mar
23c
Jan
63,100
25c
Mar
38c
Jan:
Cadalllc Gold Mines Ltd—11
■
2.80
—*
Pitt Gold. Mines—
■:■;■•■
4.20
2.80.
„.t
...
i_
Osisko Lake
4.05
3.90
..1-
Minest
O'Brien Gold Mines Ltd.———
11.'VV'I.
4.05
4.10
-1
Mines
Louvre Mines—.———
Normetal Mining Corp Ltd..
villi
Yellowknife
•
Rochette Gold Mines——I
36C
31o
38c
San Antonio Gold Mines Ltd———...1
5.00
5.00
5.00
100
Sherrltt-Gordon; Mines Ltd~———
2.00
1.95
2.05
t 5,881
97c
97c
;
Biscoe
Gold
Ltd
1
Mines
Lt<J————— 1
Mines
•
Soma-Duvernay Gold
5.00 Mar
vl—; 11.i
5.00 Mar ;;i
1.67
Jan
3.65
Jan
—•
1.15
1.02
1,480
95c
Feb
1.45
74c
79 c
i 2,100
65c
Jan
21c
80c
-r-—•-------—
Stadacona Mines 1944 Ltd—
22c
1,500
21c
Mar
1.15 Jart " ;
25c
Mar
1.01
1.15
12,792
1.00
Mar
20c
Mar
"Jan-I?
.
1.49
Standard Gold Mines
1
Steep Rock Iron Mines Ltd
1
3.40
3.45
500
1
2.75
2.80
;* *4,030
26c
i27c
13,000
27c
Mar
19c
1,000
19c
Mar
.
32c
19C
28c
Westville Mines
i.__
23c
26c
WiH.cey-Coghlan; Mines Ltd-
1
23c
2,400
3.10
Jan
2.70 Mar
42c
Jan
Jan-
4.25
Feb
3.50
Feb
Mar
Jan
m.* ,fVc*
-
Oil Stocks
Home
Fleet
Feb'.-.!
Jan.
1.45
Sullivan Cons Mines Ltd
'
40
-
*'
38% Jan
19%
Jan
6c
Sladen-Malartic
47
18%
Feb
18% Mar
1.85 Jan
2%
Mar
1.50 Jan
Mar
18
16
12
Jan
2'/8
12
17
(7
16%
17
-
class A
;
6%
15% Mar
15
15
»
Co
75
5
1.35
y
New
Fen
'•90o
-
Feb
7 *
54
.
23%
7
5
Federal Grain
17
40%
—
•
com..*
19
4% Mar
35
22
*
new
■
Red Crest Gold Mines Ltd
47
:;7
•
•
Mar
60
825
1.00
17
■
2%
2%
20
Corp.
Donnacona Paper Co Ltd
Eastern Steel Products Ltd
'
•
Dominion Woollens
'I'
116% Jan
2
7%
•
Malting Co Ltd
Dom Oilcloth & Linoleum Co. Ltd
Jan
40c
24c
80c
-1
Negus
■7.
100
:1>
'
"
,15% Mar
7
300
7%
1.00
v
2
Dominion
V
18%
•i;
i
•
David & Frere Limitee class B
Dominion Engineering Works Ltd
25
3,000
-
11
Feb
Jl% Jan
167 Mar
323
©
5
18%
Cub Aircraft Corp Ltd.
<.
i1''1 *f'
*■»'
Consolidated Gold Mines
u
Feb
62
.
(
Consolidated Bakeries of Canada——.*
Consolidated Div Sec class" A
•
;
■
-'•*
'
-
7 m,
3 80
Jan
'57
50
17
•
....
3
.
15'/a
*
100
Preferred
59
'
*
com
common
2.80 Mar
13,275
3.25»
•
Preferred
Commercial Alcohols Ltd
n
15 Va
1
Ltd——
General
3.10
,10
57%
com...
*"
Louvicourt Goldfields
Jan
'
*
5.30 Mar
66,450
22,100
~1
Lapa Cadillac Gold Mines Ltd
18% Jah
7* 17% Mar
7.127
Mar
,
150
29c
1.20
1.60
take Shore Mines Ltd—
Feb
5Ve Jan
.3% Jan
Jan
14%
2%
5.30
24c
76c
*
Feb
9
*15
Jan
Mar
1.13
JoJiefc-Quebec Mines Ltd.—.——— ..1
Mar
Mar
63%
44.
77
;
-1
J-M
Feb
18
Jan
18c
/.V 11
5.30
33c
Lingside Gold Mines.—.
63
6%
14
'
V
!.: /
Jan >7
3.25
Jan
Mar
1.00 Mar
27c
..1
Jack Lake Mines—
•
63
3.55
98C
1,500
.500
1.16
60c
,
"
Canadian Westlnghouse Co Ltd—
:7 Cassidy's Limited common
5.30
—.—
BDollinger Consolidated Gold—
4, Indian Lake Mines • Ltd—
Mar
29% Jan
14% Jan
203
181
Light & Power Co..
—100
Canadian Marconi Company
1
; Canadian Pow & Pap Inv Ltd com
•
599 preferred
2—.———*
7 Canadian Ylckers Ltd common—.—.*
7% preferred
———100
19C
2.50 Mar
9,000
1.15
19c
..1
Mines.——
Heva Cadillac Gold Mines Ltd—
Mar
111
Feb
25
17%
6%
Canadian Ingersoll Rand Co———*
Canadian lnt'1 Inv Trust Ltd—.——*
Canadian
Jart
" Feb
Goldbeam
17
*>
.
1.07
.1
——
Mines, Ltd.—
Fontana Mines (1945) Ltd———— _1
..1
Formaque Gold Mines Ltd—
.Found Lake Gold————————~ -1
-'
29% Feb
200
17
200
98c
1.00
II
,| Falconbridge Nickel
Feb
J
Canadian Dredge & Dock Co Ltd—.—*
1.03
——
Gold Mines Ltd
Eldridge Gold Mines
Mar
107
■
100
com
2.50
-1
Elder Gold Mines.;
.
*
Mar
Feb
26%
55%
pfd__100
Malting Co Ltd—
30
107
26
•
-
25%
107
.—100
Sugar
North Power Ltd
Canada
-
Dominion
&
.1
Mines—.
7% Jan
Jan
86
~
'
.■Butterfly^
Mines Limited
Sullivan
Mar
182 -" Mar
Mar
5% Mar
8%
B
94%
100 ■
———
class
13c
60%c Mar
49c 7 Jap
"i
Malartic
East
•
1
26
1
common.^
Preferred
JaT\ch
9c
.1
Mining.—
Cournor
(,
I
'
East
*
J.
14% Feb
15%
.*
com
..J.————100
Brown Company
Burns
Ltd
P Ltd
-i
Feb "•!
47 c
-l-g
Centremaque Gold Mines
Century Mining Corp Ltd
Feb
18%
15%
:v
Feb
,
Cartier-Malartia Gold Mines Ltd.-—i
:
Mar
15%
20
"
Map
ll%c
Jan
•
166
.
26c
Jan
33c
J; Bouzan
-150% Mar
13% Mar
250
77
Mar
7c
800
42C7
.1—__1
Bonville Gold Mines Ltd
;
^762^ <.v:Feb}
Jan
7
'
Co*Ltd———.*
Packers
Columbia
44% Mar1' ''
22C
9,540 /I ;i
'
Brltlsb American Oil
,
2,000
Beaucourt
38% Mar
•*
Mar
75
14
14
20 ,7
7--\
20
39% Jan
64c
(1937) Ltd
"
Mar
'
©
166
166
■
2
45c
18% Mar
/■.4r".
166
Feb'.;./
; | 7 ll
?
1
Mines limited
Beatrice
.
Jan
188
i
Bathurst Power & Paper class B—•
Beldmg-Corticelli Limited common.100
1% preferred——100
;
Belgium Glove & Hosiery com.—*
'*
5% preferred ..—.^..——..—.—.20
/ Brandrain Henderson.—..—
Brewers & Distillers of Van Ltd.*—6
Jan ?
Jan
100%
18% Mar
.50
•
,
44
*
1,720
381
58
44
v
64c
Aubelle
*
Atlas Steel Ltd-w
12%; i.
38c
Athona Mines
}
14% Mar
•"■;:14 "7'Mar:
93
Jan
55
18%
High
;
.
New $1.50
7
Arno^MineS'Ltd-i.^..-^—^..—:
AstoriaQuebecMinesLtd_._-—__t—,-i
Range Since January l
High
100
cumulative preferred
17%'Jafe^
••
t
Alta——...—
Week's
Sale Price
12%
__
Mining Stock*
Canadian Funds
Par
10v- ■ >Jan
"w
y
Montreal Curb Market
STOCKS—
i ...575/,.
>
Corp Ltd
Woods, Manufacturing Co——————*
vl Friday
15%
Oil
Co
.,
;
:
Ltd
Feb
Homestead Oil & Gas Ltd
Jan
Royalite Oil Co Ltd
1717 VI'
■
If
1."'
*
3.60
_*
20%
3.60
415
7c
—1
3.30
7%C
9,500
20720%
1,225
2.40
7c
Feb
Mar
10% Mar
4.40
Jan
30c
Jah
25%
Jan
-,L
TttE COMMERCIAL # FINANCIAL CHRONICLE
1762
Monday, April U 19.41
';rs
/i;*
Quotations for Friday, March 29*
>•v'■>
y.r r y y*\" *.
-vj '
%
»
'U-
'v
J
1
1'
*.
\
y..
■'r/yy
For
Specialists
Quotations
A;V'.>^fvA
Real Estate Bonds
on
in
Shaskan
OVER-THE-COUNTER SECURITIES
Firm
Co.
&
Members New York Stock Exchptigt
Members New York Curb Exchange
Trading Markets
'III
'in
250
40 Exchange Place, New Yurk 5, N. Y.
ISSUES
ACTIVE
Tel:
DIgby 4-4950
120 Broadway, New York
Warv&Co.
Established
Direct Wires to
CHICAGO
>—
PHILADELPHIA
Reorganization Rails
\
.
(When,
Bonds^-
Investing Companies
Bid
12.79
10.35
11.35
Scries
B-
IV*
7.09
7.75
Series
K-l-
22.17
24.31
Series
K-2——
5.23
5.73
11.70
12.69
:
Shares——1
.
ftft Series S-l
19.36
20.82
39.73
42.72
107.48
111.98
25.71
27.65
1
Axe-Houghton Fund Inc:.Axe Houghton Fund B__
30.46
20.20
Tr of
Inv
America.
Fund Ino,
Boston
Fund*—ft—-**—
45.53
5.40
35.59
38.27
Mass
14.92
16.14
Mutual Invest
Canadian Inv Fund Ltd—1
Century Shares ,TruBt^..
Chemical Fund..
.n
1
—
2d Fund—.—1
17.12
13.00
17.44
7.59
8.34
31.30
2.50
2.75
ft 8.36
6.75
8.22
10.39
10.51
7.44
8.18
Administered shares—*
9.68
<
10.45
11.28
11.20
12.30
9.9ft
\
35J/4
?
18.62
American
Reserve
10
22y4
Surety
25
74%
:
11.86
stock*—
13.03
*15.95
17.97
11.47
12.60
12.26
13.47
13.30
14.61
17.69
19.42
9.53
10.48
Federal
13.24
—
Jft
16.37
stock.
*12.45
14.52
»*.*•>•« «* «*■» mmm
14.54
Fidelity & Deposit of Md****20f 172;
Steel
Trading-
10.35
7.39
8.13
Putnam
Fund——..——1
17.57
18.89
—
3.95
4.36
5.00
5.49
6.08
6.69
shares—.—
(Geo)
6.71
7.38
Republic Invest Fund—
1
Scudder, Stevens & Clark
Fund, Inc—
———*
Steel shares—
6.20
6.82
Selected Amer Shares
5.28
5.81
Utility shares———.——
7.22
7.94
1
.**.*100
State Street Investment Corp***
Income
-
t
113.95
Sovereign Investors
Standard Utilities
16.35
7.89
214
116.25
14.99
■
8.64
""
.
92c
—
1.01
61
64
<
—9
•
73
wiwiiii
—
—10c
1.93
1.98
8
31.57
33.95
Union Bond Fund
V//•''- y
"y.^v
^
19.51
21.38
Union Common Stock Fund B—
1.00
1.11
Union Preferred Stock
Fund—.*,
26.00
60J/4
animm#*
—
.
17
:
.
—
Hartford: ,Flre—**.——**«-—10
-124
1.33
Wellington Pund—*1,
20.73
40%
43
:
30%
25
•8
.
7
v
Investors Fund O——1
Series C
;
1.20
:
17.65
ft„ft"- -"ft*
*27
■57
54
38
127;
-40
34.67
37.69-
17.12
^
17.51
.
—
Recent
6.50-
.
.
•^2% i"
50»/4
Bid
D
Arkansas
7.90
ft**.*—2.50,
30.45"
31.39
29.07
28.68
——
B-2
-.
20.79
Series
-
•
3.90
1955********
Series 1956——-——1
3%S—1974
109
1974
1975
104%
& Pwr 3s ser K__1980
Erie
RR
2s
101%
102%
108
-——1953
—
108%
—
Houston Lt & Pow 2%s——1974
.
•
—
'
COS.—SeePage 1744
103%
105
106
.
104%
104%
;
98%
98%
105%
106%
105
105% pJ
107%
108%
;
104 %
109%
•
&
Power
St Tel 3S—— 1975
Preferred Stocks-*-
105%
>
Par
4%—__ ,100
108
108%
Central Pow
Monongahela Power 3s—1975
1081/4
109
Montana
105%
106 %
1061/4
106%
Monongahela Power 4.40% *.100
Potomac Edison $3.60—.
1101/4
110%
107%
107%
2%s——„ 1975
Mountain States Power 3s—1975
Narragansett Elec 3s
1974
/ Portland Gen Elec 3y8s—*-1975
Obligations Of Governmental Agencies
\
-r
.
•
£'
.
1
J
,
1 '
^
Bid',
'
'
'
•
'
.
Ask
'
'
Federal Home Loan Banks—
0.S0S&
3s May. 1, 1956-1946****—
iyas Oct 1, 1950-1948—*
2»A8 Feb. 1, 1955-1953—*
.
100.5
April 15,
1946-
—
1
ioi y8
other
'
1947
105%
U 8 Conversion 3s
101%
101 J/2
Panama Canal 3s———1961
Rates
Quolalions For U.S. Treasury Kof®s
/
•
Figures after decimal point represent cfne or more 32ds of a point
—
15.
1947
"tSept. 35. 1947—
15.
'
Ask
100.14
100.15
100.12
100.28
100.16
100.17
JiVs% ~ 101.10
.4—
,
101.11
IVs^
11% %
-iys%
-
Maturity—
Dollar Frlce 100 Plus
Bid
? Ask
Certificates of Indebtedness—;
.0259
t%S May 1, 1946————— y .0209
100.13,.
100.27
—*
1948
1%%
Bid
x
V
t%s June 1. 1946———
',1.
-
.0150*
.0221
;
y:;-'.
t%s Nov. 1> 1948—
t%s Uec,.L 1946**.*—
.
Jan. 1, 1947
•
^
/C:". '
■
-
.0214
.0308
? .0373
.0317
.0361
--t;-""
;
.0494
.0406
■: 4%s Feb. 1, 1947—***—.*.—
t%s March 1, 1947——
.0454
.0620
.0498
.0680
.0447
.0646
•
May
107%
.
L08
'
9,
Ask
May 16, 1946——ft——
May 23, 1946———
mmimf
m*'"•
W fm mm
1946*
>
0.33%
May 31, 1946—
June 6, 1946
bO.375 0.33%
bO.375 0.33%
1946———
bO,375 0.35%
bO.375 0.35%
I946*ft,,^*/ft«***fti^;
27, 1946—
fbO.375 =0.35%
bO.375 0.35%
June
13,
b0.375 0.34%
M.
4*
X
fk>
<HH
M
bo.375 0.34%
bO.375 0.35%
bo.375 0.35%
June 20ft
b0.375 0.34%
June
W:WUm'mm
.0556
t%s April 1; 1947—*
lot sates; -b Yield price, ft d Deferred, delivery,; sEx-interest. f Flat price.
Exchange,
r Canadian market.: s Cash sale—not included In range for year,
(Un) Unlisted issue,
xEx-divldend.
yEx-rlghts.
x
a Odd
to
Stock
'dividend.
.0433
-
——
•
:'
bO.375
•
.0315
.0225
.0273
Oct. 1, 1946
-
110
106 J/3
107%;:
Treasury Bills
bO.375 0.28 %
April 11, 1946
April 18. 1946
April 25, 1946.
May 2. 1946i
.0296
July 1, 1946—— V
t%S Aug 1, 1946—
t%s Sept. L.1946—*—;
.
•109
Union
.0221
t.09%
'
'
107%
quoted are fwr discount at purchase
Bid
Treasury bills—
April 4. 1946-
Int. Rate
'
106%:;
134
•
'•■i
MaturltytDec 15. 1946—
iMar 15 1947
112
Ruppert (Jacob) 4%%—** -100
Sioujc City G & E 3.90%,*—100
:
United States
102.2
133
108 'A
•
0.80%r
'
105%
L ,1953-1951*—
-i
y
issues
& Lt
Ask
b0.90
100.7'
■
101
Bid
..
Federal Land Bank Bonds-
1 yas Jan.,
"v.
;
104%
Minnesota Pow & Lt 3%8-*1975
power
1
'109
Texas
__
.
22%
'Ask
108 %
105%
Light 2%s. .1975
UnidhyPacifto-2%8*w*«***. 1986
111%
Lt
3y8s_. 1975
Western Lt
105%
Pub Serv 2%s
(Indiana)
Texas Elec Service 2%s„_. .1975
1121/4
Cent Vt
%■■■;
il975.
Siouk City Gas & El 2%S—. .1975
Southern Pacific 2%s.
.1996
106%
111%
Serv
Public Serv (Okla) 2%s
109.%,
106
Cohn
3.40
Lt
California Water 3%s———1975
3.20
■
&
Kans Okla & Gulf Ry 3%S-1980
Laclede Gas Lt 3J/2s——_—1965
FOB NEW YORK CITY BANKS & TRUST
Bid
Pub
Pow
Birmingham Electric 3s-,
8.95
,
2.86
U S El Lt & Pwr Shares A
£ 22.81*
Ask
Bonds-
North Amer Trust shares—
B-3——I——:Q
V''-
f.
91% •'/
43
n-
t :!l
===!
ft:.v
1
,63
Security Issues
.
Diversified Trustee Shares—
Keystone Custr-Man Funds-
•
X38%i-k
•
10.59
12.40
l,l3l%r| *
■
3^%
/.H:8-jWre..rttfiWif/'VuiiVf.li!ijl-i.7lv,l;.A<i».i.d ..yooy/
H S Guarantee^i**^*^.*—10
.88%-,
128% ? - Westchester Flre-*^i,«k*-**2.50 ;40%
■■'/v.
■
';/■('
78
23.86
9.68
11.38
19.34
Independence Trust Shares-
Series
;
•
m
32% J
25.72
21.83
B—i..-*..**..*—
1.21
'
.99% f
16% ;
'
investment Co of AmerIcft«i*W
Series ftB-1
."
22.61
Series
1.08
24.94
series A—
Unit Type Trusts—
tSept.
•63
'14%
Seaboard Surety———
—10
Becurity New Haven—> —10
SprIngHeld Fire A Marlae-*-»*25
^ Standard-A(toident**^3f***^10
Travelers **-***-—-—*-***100
U S Fidelity St Guaranty Co—9
i
|
ios 4f"
«()
';y
•
9
ioi
'
Reinsurance Corp (NY)———*9
Republic (Texas)
_io
Revere (Paul) Fire—*——**,10
St Faul Fire St Marine——12%
25
5
10
96%
95%
•
.
67
Corp——10
28.42
Trusteed Industry Shares—85o
I:? V* * '
Institutional Securities Ltd—
Aviation Group shares.—...
1 Bank Group shares.*.***.*-.
Insurance Group shares—...
Stock and Bond Group shares.
tSept.
,95%
10
—
ii %;
».
v
Wa
Preferred Accident——
9
Providence-Washington——10
26%
37%
39%
GlbraltarFlre & Marine—
10 ; 20
,22
Glens Falls Flre*^.*—67%
60
Globe & Republic**—--**—5 * 11
v 12%
Globe St Rutgers Fire com—15
38 ■; .,41.2nd preferred
15
97%
101%
^Greaf.-.Amertean*^,.-..^^'.''.'^'.- 3'-34;i"•
Hanover 4—30%':"", .32%
mm
•
t
>
2SW
>8;
■
rnriftmnH.tr -fin
.Phoenl*
1
,,177
64
111 J/4
Firemen's of Newark-,.—L—*8.16
4
Fire—
Pactflo
•
:M
34
;5C':
;l4%
' ,Northea8tem;'k^k^*-a^*»i*.*8•
"-•
V,; v rmr,;, • 19 ff
/
y
";s"
-.FaedlO/Flto*-*^
37%f
7%
215
'^35%^*
33%32
New Brunswick—————,**.10
New;B^mpshliAFlre*u*-*.»«*»10
~
s*
205
20
New Amsterdam Casualty
Foundation Fund Inc
Common
Incorporated investors.
ft;; Series
70 %!
(Detroit)—10
30
10
67%
National Liberty—56% I
.42%
69
57»/4;
-10
-
General Reinsurance
18
—
;
f i:
32
■.
;
Fireman's Fd of Sah Fran-*—10
Franklin
St
'■
—'
■
4Q%
.10
_*
Fire Assn of Phila
11.66
9.41
.....—
Petroleum
6.9,6
■■
♦
10
?'
5%
National Casualty
23%
1BW
62%
'ContinentalCasualtyi*——5 '
: Crum St For3ter lPC—-,I' 35%
EhiployeeS Group——*
Employers Reinsurance **
I
8%
National Fire—
48
•
21%
75%!
59%
*
-■33%frf
31%
7%
>■
,
■
City of New York—*-*-*.***,-10
Connecticut General Llfe*&***10
9.16
10.61
.
•iC^itoddnvFlwk'-;;^ ,r ^'.,^1^< W«
'
8.33
'
vBoston'*——****4—*—****10, ,",72%:/ T6 > •
; ■;
:
'y-*'-y,;t
» • ; New;York'Flre—**-——**,**—a
1 "'25%r • • Wftrfn-Rivwy
|
*
|i
20
104%!fe!
Monarch Fire
;
84 ya
11.91
W:
41%
77%
81%
11.33
^uipment*£^**i*t'**
106y2
18%
100
-
;
7J/2
*17.24
I
|
110
39%
National Union Fire—
25
;
34%
-24 y4
6%
15.70
Railroad .*
fti, Railroad equipment—.
,
38%
;
45*
*
10.84
Equipment shares.—.—stock
1"
^
Bankers & Shippers*
12.4T
6.33
Petroleum shares..
Railroad
J
10
18.43
Tobacco shares.....
-
Re-lnsUrance—
16.79
Oils
'
'■
American
AwtnwinMTa
Metals
10.93*
12.27
shares—v
Railroad Bond shares
RR
8.50
Baltimore American——2%
Insurance
10.64
9.51
Merchandise shares....——-
■
21 y#
10.05
Merchandising
10.75
V; Mining
American Fidelity & Casualty-!!
American Of Newark*.*^—%
12%
Ask •'
49%
!7%
20
Massacnusetts Bonding*——12%
Merchant Fira Assur
——*8
Mereh & Mfrs Fire N Y
4
16.39
9.98
bond shares
Low Price Shares.—
*
y
.-r
f.
5.60
9.14
9.08
Investing
-
35
7
>
16
MaTyland Casualty—*—1
32%.
23%
10
—
Jersey Insurance of N Y—
25%
11%
Fire
Insur Co of North America—-10
;
23y*
6.01
10.74
'17.69
Machinery
Institutional bond shares.—
89 ya
16
*
14.93
7.16
:
56
-
46%
32%
yHome
Homestead
5.04
Diversified Investment FundDiversified Speculative.
Electrical equipment-
:g
14.3ft
6.51
60%,;
7.68
Chemical.
11.54
13.08
:
.
12%
^25%
14 /
^
22% '.
9.73
England Fund-
^ Business
11.72
.
General
'
—25
■■
Hartford 8teamboller In8pect*-lO
.
Automobile——.4
American' Casualty**.*—**«**5
American Equitable***—.*—*0
'
—
—
Aviation
9.19-
8.3ft
■;***> a,1
:
54
—
Companies
99%
5.41
—--—*-—*-*.
Building suppiy—
industrial Machinery shares-
t
10
American
New York Stocks Inc—
6.76
9.46
Chemical shares.... .———..
Fully
—
58
Automobile
6.44
Electrical Equipment*....—-
62%
«id
■
9ft
Agriculture
*—
60%
|
87»%
-10
Life
,
7.02
New
•*.,«
Food shares
85«/2
American AlUance—^—MU*«».*10
9.04
6.26
series
.Stock series
''
7.71
10.67
Building shares
-27
Grande
103 V*
.,**10
Agricultural
7.17
-
10.78
Selected series
49.09
shares-
Aviation
101 »/4
-Aetna?
Aetna
9.69
Bank
.
■72
25
Rio
t:;
•
Insurance
38.09
shares,„■
utomohHcM-"-* shares*****
Louis & San Franciscor-
Aetna Casual & Surety—
?
6.49
stock
Speculative series
9.26
34.76
-1
4
70
St Louis & San Francisco Com—
Preferred
American
ft
;
„
series.
Income
18.65
29.06
,
35
&
83
103
Income 75-year 4%s—
ft
,14.05
1
priced bond series
—
priced stock common—*.
Preferred stock series—^ nmrnmmm,
——1
;
81
101
:
Low
Fidelity Fund Inc
•
Financial Industrial Fund, Ino.
Flrst Mutual Trust Fund*
5
Fundamental Investors Inc.—-2
Fundamental Trust shares A—2
Agricultural
Bt
,
16.86
*———
Low
27.48
Group Securities—
33
Denver
99%
Grande-
18.73
15.71
—
;Bond«e»les*****——**-. **!***>
29.38
,..1
/
com——
—100,
——
Preferred
•18.41
17.13
National Investors Corp—
Eaton A Howard-
General Investors Trust.
.79
*•
**_——**—.
preferred
ft
Fund Inc.—--10
Balanced shares
1.99
1.82 >
M•
44
77
3%
97%
Securities-
Industrial
General Capital Corp—
42
Common
107
■■
.
X33.68
Investors
Natlon-Wide
24.90
23.04
,,.350
Balanced Fund—**
Stock Fund
84
10.50
9.55
Trust-*—*—**!
National Security Series—
Dividend Shares.—
82
58.90
57.72
31.32,
Mass Investors
3,130
151
6.71
7.29
Commonwealth Invest—1
Delaware Fund
'
Manhattan Bond Fund Inc—
Common ——*————_..10C
Securities comi—1003,030
Preferred
100
144
Christiana
1
2003
•
49.22
25.47
4.70
Bullock Fund
imi
Ask
Bid
W;-'
v.5:-:
Chicago Rock Island As Facifie^-
127.50
Fund—10
Loomis Sayles Second
23.25
8
Broad Street Invest Go Inc
mm mm
1st 50-year 4s——
8.17
7.37
Mutual Fund.—*
*.
—
9.12
8.22
Loomis Sayles
mmmrn
— Mil'
102
Income 4'/4s
*2018
1st 3-4s Income——1S93
L7.36If
15.79
Knickerbocker
Bond
"■ —
Denver St Rio
35.26
18.39
Series'8-4-*-—
X;'
■
100
Conv income 4%s-*——*2019
;
'33.50
32;10
mm'm»—**«•'.
— mm
.ft/ Series ft: S-2—
Series :-;S—3.ii.'***-nA*'**ai*.
8%
8
and If issued)
as
Ask
1983
*
2nd 4%s
Aeronautical Securities,***^, m..-1
American Foreign Investing.100
Assoc'ted Standard Oil shares—
—
Chicago Rock Island & Pacific— \
1st 4s*.-—*i—i*s^iikskl99A105
(€oht.
11.64
American Business
Bid
.
Ask
Bid
Par
Keystone Custodian Funds
Aftiliated Fund Inc
1st 4s
-
/Ask:
Mutual Funds—
'/y 4/iA"
v..
:l
v^irIndi&napbll8:.ft'Loui8viUA-->''.
.
Par
Teletype NY 1-653
Newfork Security Deal&r* Association
.Members
1926
Bell
2-8700
Tele. NY 1-1287 & 1-1288
REctor
Phone:
v
,
V
.
Formerly
the Chicago Flexible Shaft
*No par value,
HEx-50%
fin default,
stock dividend.
Corp,
tTheSe bonds are subject to all Federal taxes; '■
"
§Stock distribution of one additional share of $10 par
held -issued March -29, 1946,
Auto Go. for "each -two shakes
.,•>■-
"
^
k Removed
t Ex-stock
ft
^
ft"
-
capital stock of
^
1
.
Four
Wheel
* < .r—. i~—~
'
Drive
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4477
Week Elicretr starch- 23*
THE COURSE OF
BANK CLEARINGS
1945
||F I
Third
Federal
Reserve
| Dec/# rl| III!
District—Philadelphia—
'
Pennsylvania—Altooria.
Bethlehem
561,435
1,301,916
791,715
?
Chester
•
s~; Lancaster
III..
Inc. or
■,
+53.6
—20.0
::
1,839,294
...+15.2
1,676,001
+24.6
3,142,702
+31.5
Wilkes-Barren—
1,588,057
«+15,8
York-
1,855,254
—
6.8
1,566,827
Scranton
<:
527,659
1,521,543
1,452,565
688,000,000
1,373,799
2,757,172
1,239,583
—.
Philadelphia—-—-——
Reading-■
1,335,296
II
848,067
+11.6
684,000,000
509,161
449,188
.
1.220,595'
—16.3
>
-—2
Delaware—Wilmington.
17,445,653
New Jersey—Trenton-
3,434,100 '
Total (10 cities)
807,843,315
700,190,474
^
608,000,000
2,038,745
2,801,658
1,213,296
1,949,299
+25.7
+58,3
+15.4
f
4,348,900
703,256,696
2,948,700
622.887,297
Foorth Federal Reserve District—Cleveland
Ohio—Cantom—.1———4,5
Cincinnati
109,717,723
248,1
218,741,307
22,0
:
.
13,543,500
Columbus-—su-t.
Mansfield
3,2
238,674,768
689,2
586,481,307
.
Total (7 oities)—.
...
-
Reserve Dlstriot++RIchmond—
Federal
#est Vhgini^Huntlngton-a_uw--j.-
1,830,373
1,369,817
+ 33.6
1,150,448
8,540,000
6,749,000
5,841,000
85,529,701
+26.5
+26.3
5,595,000
108,023,735
2,806,751
85,419,510
74,216,532
188,492,482
155,007,261
+21.6
54,684,530
39,147,322
+• 40.5
364,671,871
290,612,650
+25.5
Virginia—Norfolk——
.Richmond1-—-,——
•
—
South Carolina—Charleston——n.
Maryland—Baltimore
District of Columblar—WashiiigtOiU
.
fotal
2,849,781
;
Pennsylvania—Pittsburgh
fifth
2,017,321
4,6
267,1
.—
Toungstown^—•-
.
2,936,907
139,5
Cleveland
-
•
<4
(6 Pities)——
Sixth Federal
2,809,549
—-
16
,
Nashville.-.—
.
15,001,016
44,583,066
3
Alabama—Birmingham
Mississippi—Vicksbufg^+—-^^4j,w»
304,512
H2
'k
v*'
A',-.-
• +
|
.• fJ;v.
I; :7P6tal/ft0'CitWS)-+ni—-
Reserve
100,370,125
+12.2
—
3.5
+11.9
•-
551
District—Chicago—
Vifi:',
:«
'99
544,416
7,40
4,21
5,193,396;.
4,217,532
3,594,851
2,748,584
-
Grand
,
^Lansing-.-.—«,
.
,
Indiana—Fort Wayne
30;708,000
3,816,822
3,238,888
7,336,289
—
40,483,403
I
Decatur
,
t
:-
7,0'
v
Springfield'f '".".♦'•v.
586,481,307
'V
x—'
4,877,454
V;
2,039,365
1,760,427
tin'"
726,1:
j
1,668,939
'
■
'
»
T.II 1
j
i"1
mi
rtiiti 1 iv ('* "ft
615,308,132
y-...r
--..I
•571,475,93^
Eighth Federal Reserve District—St. Louis-
407,100,212
622,887,297
16,308,204
2,009,202
2,2{
V-'
Total "(17 cities)
4,899,688,160
5,295,781
3 2*
>;
—
2,362,851
-
7,094,929
*
597,711
368,159
.482,966*216—"•> '445,471,691
1,692,443 W 1,302,993
1,81
T
Rnckforrt..._rr
•
8,503,042
562,71
'
:
Peoria
8,112,559
37,788,490
-
2,824,912
15,968,702
^
<
2,672,705
1
30,128,000
Wisconsin—Milwaukee—--—,.-—,.—
49,52
| Iowa—Cedar Rapids———.'
2,44
|
Dps Mninea :_.r
l„,^-T.,f.n1T.l^''
J9,7t
f • Sioux City
——< j
8>4(
^ pUnois^loomingtoiu--^-^--^--.
f 6*
Chicago
403,201
2,685,003
;
-3,43
lndiftnat)oliS-i-ii--i.-—37,41
South Bend—i.—.
I
3,63
Terro fiattte———
l|';
11,65
x
111251,739,909
+22.4
+ 31.3
75
__i
l,nnfritAriftnLlMftV» Orleans
■£:?,
'
+ 33.0
4,568,127
federal
256,312,904
+38.6
1,692,102
69,545,470
57,813,604
i
.
—
2,522,698
2
Seventh
32,427,941
35,468,238,
+16.8
85
-
-
,.
+23.9
167,400,000
-
Florida—Jacksonville—
-
2,377,217
135,890,144
.
;
84
+
55
195
;
>'<•/' .V vy,.I/'
2,629,564
126,050,144
0.3
District—Atlanta—
Reserve
Tehnessee—RSttoxville
Augusta
987,075
Missouri—St.
LouiSi.-w.-'—_—
244,800,000
Kentucky—Louisville
180,800,000
104,488,373
69,OOO.dOO
68,119,747
Tennessee—Memphis—Illinois—Quincy.__.
43,128,945
1,198,904
1,038,000
418,607,024
293,966,945
.
251,739,909
Total (4 cities)
358,690,997
;
—
-
571,475,932
.
;
Federal Reserve
Ninth
263,552,173
'i--:•:">;wi,<469,1
3,550^684
+25.6
3,808,516
Minneapolis—.
193,812,:
152,146,497
+27.4
157,683,956
69,990,1
+20.4
50,460,582
+17.4
3,455,914
:1rii.vi'>il^
279,160,095
133*633,94$-
496*879,572
District—Minneapolis—
._/,St.:<PauL—-i—-w———.
180,538,276
North
Dakota—Fargo
South
Dakota—Aberdeen
Montana—Billings
4,202,!
„
2,495,1
6,734,:
—
+36.1
1,509,629
-2,082,:
—
Helena
58,123,400
3,579,366'
1,834,116
-
+37.9
1,438,444
1,082,909
4,900,847
+ 37.4
4,972,708
'
-
"i
..a
Total
V
;
-r-
(7 cities)
Tenth Federal Reserve District—Kansas
Nebraska—Fremont—
v"
;
-
Omaha—
,
—
'
202,5
180.532
3,642,512
St. Josephs—
.
..
2,255,018
',.f,
Elinird—I.
*
3amestowh———I—1
'•
Kew
YotiLk
'8,620,704
1,981,398
63,864,000
;iL);' '' |
,
69,900,000
-
_
13,039,309
6yracuise_l——"■"■*
16,638,9101
Connecticut—StamfordNew
Ncrthirn
;
:
1
'
—
Jersey—Montciair——.
Newark—
——
New jersey-
*Qtal, ;(12 cities)
:
,
•-
5,276,673
1,181,651
8.6
1,037,149
59,100,000
69,359,000
876,357
—
'"7541,789,596
1,105,927
698,365^
•
^::
41,158,593
6,201,401,008
—
6,664,100
;
I
5,670,480,513 ;
247,786
23,696,327
i3:,36,455,913
39,968,991
2.1
+ 21.6
4,748,939,018
9,356,066
7,045,335
8,760,601
6.660,868 +152.8
10,888,122" \
7,600,387
+ 43.3
7,617,771
467,258 V-I
382,591" V 22.1 j" '
332,920
31,347,210-*24,430,632 +28.3 ' /| 22,879,161
'40,282,324
5,342,165
•
,
Rochester—
!
•
1,623,937 <— 2.2
935,641
6,027,289,650 ' + 21.9 + 5,503,018,176
11,677,164 +11.7
.16,286,173
1,601,558
7,344,898,628v
:
.
—^
+97.0
+13.8
l,275,14f —13.4
4,164,491
^
.
803,461
;
661,610
279,160,"095
+19.9
3,610,999
109,878,935
+15.3
11,889,082
3,732,006
1,559,352
+
51.i
+49.8
2,752,000
5,712,651
—
+12.1
4,302,686
1,200,243
214,318,663
133,633,945
fvelitli FederaF ResCirvd District—San Fraiicisco—
•
,
15,802,768
Blnghamtoft
r
,
288,404,117
2,049,334 +103.6
Total (6 cities)
DIstrlot—New For;
5,419,669
698.533
733,974
14,517,914
Louisiana—Shreveport-—..!
Second Federal Reserve
5,970,725
147,676,000'
a-—-.i.
Galveston.__-._-
,New York— Albany
185,146,255
fiistrlot^-Dlall'aS^-
Fort Worth——_.—
Wichita Falls
5,745,411
194,063,414
I
Texas—Austin—
Dallas.
2,401,246
7,056,452
381,113/
Federal1 Reserve
4,051,610
74,535,780
3,181,687
1,622/
|| Total (10 cities)
227,410
;
72,609,879
6,817,4
Cdiorado<—Colorado Springs.^.—.
Pueblo^.
167,643
266,209
4,828,<
8,429,J
259,341,5
—.
Missouri—Kansas City_——"
Eleventh
'
City—
*
"
.—
Kansas—Topeka
Wichita——^———-
•
V'r'
435,f
4,725,<
93,489,£
:
Hastings
Lincoln
■
283,777,
•
4,899-,688,160
Wfishingtori—' 87,761,811'
Yakima—
3,161,431
Oregon—Portland-A—. 84,102,354
Utah—Salt Lake City.^-i^+i—-•
^<984,077
California-!<-Long Beach
•
—
i:/'PasadenaL——^
w,
San
San Jose
•
———
Santa Barbara
,
£
Francisco———,..——.
9,080,153
6,694,380
358,701,000
.
■■
,T
8,031,244
—i—.
| ' , 2,784,969
Stdckt0fl+Jw^4«+-«^-—-6,487.559
Total
-
(10 cir'?s)—
Grand Total (111 cities)
Outside Now
York—
.♦Estimated."
,
—|
|
(
13,l
10,119,405,694
9,051,827,875
5/
4,616,387,518
-4,302,888,857
tNot' included in totals,
Monday, April I, 194$'^
CHRONICLE
THE COMMERCIAL & FINANCIAL
1764
,
Foreign Exchange Rates
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now certhe Treasury the; buying rate for cable transfers in the different countries of the
tifying daily to the Secretary of
for the week just passed:
world.
We give below a record
CERTIFIED BY FEDERAL RES ERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
FOREIGN EXCHANGE RATES
Pursuant to the
V; Mar. 22
++
<t»
■
J ,;W
v
■'
7-'.
"•
'
.297733*
Free
Mar. 28
Mar. 27
v7
.
3.214113
v
Official-
.060602*
.-051842*
-
-
Free
Free
—i
Colombia, peso— —
;
Czechoslovakia, Koruno.
(British),
rupee.
Italy, lira——
„
.909090
.909090
.909090
.908125
.907968
.907500
Zealand,
.008410
'
*•
*
.377892
.377892
.909090
.909090
.905416
.905000
.202020
.040501
.040501
-
.091324
Spain, peseta.
Sweden, krona
Switzerland, franc
Union of South Africa,
v
.238520
4.005000
4.005000
4.005000
.233626
Noncontrolled.
.658300*
.562900*
.562900*
(In thousands
12 Federal
;
.655800*
Increase ( +) or
R.
20,
"
Mar. 28,
18,075,038
gold ctf. reserves—•
1290.:;'
695
1
debentures due 1959-Apr 15
1292
1617
+
71
—
+
2,016
+
6,903.014
+
•+
82,500
;
902,942
Bonds
'22,974,322
securities
23,660,906
Total loans and securities—
•:
bther banks—
146.124
2,121,117
33,184
51,697
Uncollected Items
Bank premises
———
assets
+
583,461
+
44,428,706
—
Mar. 20,
.
.
Loans and
;
2,223
+
237,335
—
40
+ 322,864
+
23,966,314
Deposits:
Member bank—reserve
15,395,265
acct.
acct—
1,397,003
771,849
Foreign
+
623,069
22,831
27,571
+ 529,988
—163,577
+
333
+
11,908
43,815,097
liabilities.
—
+
+ 320,727
Real estate
31
1,959
2
4
5
+
Total liabilities & cap. accts—
:
Ratio
of
serves
+
25
+
Merck ti
+
—
211
3,429
9,886
Banks.
562
'
32
49
—
note
+
358,355
27,428
46,748
44,428,706
130,202
U. S. Government
39,463
—
liabilities
combined—
+
+
322,864
1,244
Foreign banksV—.
.5%
4.6%
—
-
Debits
to
429
demand
interbank
2,117
+
149
1,358
rr
.
•
.
*
and
+
1,561
1,106
+
5,117
319
+
596
-6
—
+
308
197
•;+
223
+
.—
stock—.—.—.Jlpr
Oregon-Washington Water Service Co.—
1st mtge. 5s, series A, due
'
1288
11515 ^
lr
1433
I
-
1572
83078
12822
82822
«
1288
—Apr
9
903
due 1966
Apr
Pennsylvania Sugar Co., 4% debentures due 1952..
July
Peoples Water Service Co., 6% prior preferred stock.Apr
1
12187
———
Pacific Telephone & Telegraph Co.—
Ref. mortgage ZlA% bonds, series B,
deposit accounts except
S. Gov't accounts,
bonds
U.
16,828
.
due
1st mtge.
1948——.—
Apr
(not preferred), 3% bonds due 1948—.Apr
Newtown & New York RR., 3% mtge.
bonds due 1967——————————
Potomac Edison
Redemption Galls and Sinking Fund
1
945
1
1288
1
784
1
Co.,
—..Apr
preferred stocks
May
784
and 6%
7%
1
784
1
819
Quebec Power Co.—
1st mtge. & collat, trust
4% bonds,
ser. C, due
•
■
1962-Apr 29
Reading Co. Jersey Central, coll. trust 4s due 1951——Apr
Republic Drill & Took Co., conv. preferred stock..—.Apr
Notices
The condition statement of weekly reporting member
"
1570
JL431
1
Co.—
'
% cumul. convertible preferred stock, series A
.Apr 20
Niagara, Lockport & Ontario Power Co.—
1st mtge. and ref. 5% bonds, series A, 4ue 1955—Apr
1
Northern New York Utilities, Inc.—
1st lien & ref. 1% bonds, series A, due 1946
Anytime
1st lien & ref. 6 % bonds, series B, due 1947
Any time
Northern Utilities Co., 1st mtge. conv. bonds due 1968—May -1
Norwalk Tire St Rubber Co., 1% preferred stock
..Apr. 1
Philadelphia,
Condition Statement of Member Banks
128S
Philadelphia & Chester Valley RR., pfd. 1st mtge.,
during week,'
;
6
+
9,719
——
Borrowings
43.1%
150
—
~
Domestic banks
4,108,503
Indus*:
—
14,506
deposits
Interbank deposits:
gold certificate re-*
deposit and F. R.
trial loans
adjusted
243
-
9,695
263
+
2,029
+
37,435
653
1
I
8 V2
133
31
905
1286
1
Haven Clock
New
415
+
—
127
2,110
banks
,+
11
165
—
prior preferred
$6
331
—
—
'
1286.'
V
% and AV»% preferred stock....Jun 17
5% convertible preferred stock__May 1
Collateral gold notes, series of 1929 due April, 1946.Apr
"
Cash in vault
Demand deposits
1285
1
1
National Shirt Shops of Delaware, Inc.—
277
4,705
+
6
—.Apr
Mira-Mar Hotei Building Corp., 1st mtge. 4s due 1950-Apr
Morris Plan Corp. of America-
840
414
Co.;; Inc.,
Miller-Wohl Co., Inc.,
3
511
745
—.
27,019
Government
Other securities-—
13,968
11513
1
—1,252
260
12,272
7,153
O. S. bonds——. ....v......
to
Commitments to make
•
•
+
108
*
1
1.
99
-
"
+
778
1157.
May
1st mtge. S^s due 1850.—
Litchfield & Madison Ry., 1st mtge. 5s due 1959
.—May
Lyons-Magnus, Inc., class A stock.—.
—.—Apr
81
+
+
"
1,008
Balances with domestic
May
—
27
Liabilities-
181,078
1026
1
1
Apr
1,189
+
+
60
of indebtedness
Reserve with Federal Reserve
1st collat. trust bonds, series A
Langendorf United Bakeries* Inc.—
6 % preferred stock
*
Capital AccountsCapital paid in—
Surplus (Section 7)———
Surplus (Section 13b)--—
Other capital accounts——-
68
1156
Kresge Department Stores, Inc.i^ " ;
4% convertible 1st preferred stock—
935
+
1,788
Obligations guaranteed by U. S.
cumul. conv. preferred stock—May
20-year. 6 % - Junior mortgage bonds due 1953—Apr
1,336
+
47
__
428
——
Treasury bills--..i-—
1,978
30-year 5 lo
—
1,140
.
Treasury.notes,.,.,)
+4,003,533
;
1421
Jones Estate Corp.— C
8,227
+
169
+
—
,
loans—...-.1
Treasury certificates
■
271,860
;
+
721
y Other loans-
2,025,988
+
1,818,875
-
413,970
262,631
—
18,018,000
Other liabs., incl. accrd. divs.—
Total
+
+
1,090,182
1,087,145
+
5
1,824
Government.obligations
U. S.
•
Inc., 7% conv. pfd." stock—Apr
Co., Ltd., 5l/a% pref. stock—Apr
i,
1562
Lake Shore Gas Co.,
—
Loans to banks
88,341
+
agricultural
Other securities
1,703,707
+
453,883
Total deposits
Deferred availability items
..'"mm
>•*
bonds, series E, due 1977-^.July 1, '47
Hydro-Electric Bond & Share Corp.—
+ 4,127
190
Other loans for purchasing or carrying:
Other securities
Federal Reserve notes
+
,
4,108,503
+
46,017
1023
1279
gen. mtge. gold
and dealers for pur-*
brokers
to
"1
—
15,411
chasing or carrying:
U. S. Government obligations
3,544
—
•
Loans
1,167
—
1,896
+
1278
debentures——————————————Apr 15
6%
Gardner-Denver Co., $3
Great Northern Ry.—
$
7,491
56,091
+
+
Investments—total
+
—1,451
66,298
Loans—total
Commercial, industrial, and
liabilities-*"
U. S. Treasurer—gen.
Dominion Tar & Chemical
1945
$
6
—267.073
1153
Products
Davenport Hosiery Mills,
Mar. 21,
13,
1946
1946 ? "
3,923,720
—
110
banks
3,458,685
+
+381,96Sc«^
Mar.
Assets—
225,210
—
82142
1
Corp., 5% preferred stock—Apr 25
Corp., 6% prior pref. stock
Jun
1
Cherry-Burrell Corp.; 5% preferred stock—
—Apr 30
Chicago Daily News, Inc., 5% preferred stock—
Apr
1
Consolidated Steel Corp., $1.75 preferred stock——.July' 1
Continental Gas & Electric Corp., 7% prior pref. stock-Apr
1
Curtis Publishing Co., 3% debentures due 1955—Apr
1
( + ) or
Increase
375,950
+
1022
15-year
dollars)
millions of
+1,492,503
199,100
1,437,300
u,—
———
Other assets
(In
1,815,442
+
+100,366
1
Elastic Stop Nut Corp. of America—
2,492
2,016
:
1
-
Central New York Power
465,511
—
Jun
-Apr
—
Certain-teed
member banks follows:
84,483
+
13,731,066
.
.
Certificates
.<■.
W
ENTIRE ISSUES CALLED
Canadian International Investment Trust, Ltd.—
5% 1st collat. trust bonds, series A————Apr
Decrease (—) Since
Bills
F. R. notes of
188,409
—
3,462
+199,550
1,458
"
Total
1,065
—
+
2,016
purchased
Govt, securities:
Acceptances
foreign
1615
1
Apr
1
Boone County Coal Corp., 6% preferred stock-———Apr
1
Butte Electrio As Power Co., 1st mtge. 5s due 195U—Any time
all
in
$248,000,000 in New York City,
districts; the net decrease at
all reporting member banks was $197,000,000.
A summary of the assets and liabilities of reporting
140,796
+
1,065
—
683,110
and advances
Industrial loans
from
series, due 1956-Apr
American Superpower Corp., first preferred stock
Corp., preferred stock
and increased in most other
329,205
340,530
——
Total U. S. Govt,
/
1034
Bethlehem Steel Corp., serial debentures, due 1946-1952-Apr
Borrowings declined
1945
1946
785,978
Discounts
Due
Mar.
1946
—
Notes
f
Refrigerating St Warehousing Corp.—
Atlas
District. United States Government
deposits declined in all districts. Deposits credited to
domestic banks declined in nearly all districts, a total
decrease of $319,000,000.
Decrease
17,289,060
-m mm.m — «•#«•
pm
Redemption fund for F.
O. S.
i
*
.562900*
the San Francisco
of dollars)
Mar. 27,
Assets-
Total
♦
1
Universal Pictures Co., Inc., 3%%
.658300*:
$74,000,000 in New York City, and $243,000,000 at
reporting member banks, and increased $59,000,000
(—) Since
Other cash
—May
1203; rl
4.005000
!
$83,000,000 in the Chicago District,
Cleveland District,
Combined
Reserve Banks
notes
1288
1
Company and Issue—
Statement of Condition of the
..
5
—May
1
,
:.
———Apr
+.
1034
•Nominal rate.
Gold certificates
1962—
1963—
United Gas Corp., 1st mtge, & collat. trust 3s due 1962.Apr
.658300*
.562900*
debentures due
debentures due
1st mtge. 4 Vis, due 1948
.562900*
.658300*
.562900*
1032
mortgage 3%$; series A, due 1970—
—Apr
1
Standard Cap & Seal Corp., convertible pref. stock
Apr 20
•>;-.v
.658300*
Controlled.
1
1
%
Terminal
.233626
4.005000
-
V'
0oaj< >
1st
,238520
f
1283
1st mortgage pipe line bonds,3^4 %
Southwestern Gas St Electric Co.—
.091324
'
.238520
.223626
7*
Saguenay Power Co., Ltd, 1st mtge.:AVas, ger. A & B—Apr
1951————Apr
.040501
'-J
.091324 '
.091324
,
.233626
.233626
4.005000
Uruguay, peso—
.238520
.
.233626
pound-*.
,091324
V\238517
,091324
,238520
—
Scullin Steel Co:, income bonds due
Southern Natural Gas Co.—
.202020
.202020
.040501
20*year 3%
20-year 3%
3.227000
3.227000
3.227000
.202020
.'■
77
1
1
.
6%
debenture bonds due I960——
Philip Morris St Co., Ltd., Inc.—
.004434
7
1286
1
1
1
.205800
.905625
Jun
Apr
—
.301215
301215^,.
.004434
.205800
.909090
,
—Apr
due 1952—May
Patterson (Joseph M.) & Co., Inc.—
.377892
.
1964
6s, series A_
.008410
.004435
3.227000
.040501
4.033750
;>
".008410
'
.205800
.905625
3.227000
.202020.
-
4.033750
7
.301215'
''
.004434
.205800
,909090
.040501
—
Portugal, escudo
.208766
4.033750
.905625
.202020
3.227000
pound—
.208766
.008410
.301215
due
.020060
.208766
,909090
'
.020060
.208766
.569800*
1st mtge.
Oklahoma Natural Gas Co., 1st mtge.' 2%s due 1981—Apr
Oregon-Washjingtoh RR, St Navigation Co.—
Refunding mtge, 3% bonds, series A, due 1960
Apr
.569800*
.569800*
.020060
•
.377892
.905625
Norway, krone
'
4.033750
v
-.377892
;
a
Northern Indiana Transit, Inc.—
1st and general mtge. 5%
income bonds, series A,
.908125
.205800'
.909090
Free
New
.909090
Lincoln-Boyle Ice Co.,
'
,377892
Official
stock—Apr.
Macy (R. H.) & Co., Inc., 2 Va % debentures
Minnesoeta Transfer Ry., 1st mtge. 3%s„
.301215
•
Newfoundland, dollar-
—
pfd.,
.051902*
,004435
.004434
j1
653
convertible
.060602*
.208766
,301215
s
115 6
1283 r
1286
5%
Paper Co.,
.060602*
+008410>
205800
68 "
649
1
,022845
.051902*
4.033750
v-*,—-»*•'
68
■->
.4
———
3.214113
.051862*
.020060
'
;j
1
.908125
.008410
Mexico, peso
Netherlands, guilder—
1
.660602*
.569800*
—
-Apr
.051902*
.020060
4.033750 7
.
68
.
B, due 1969.Apr 1
ser.
,060602*
.569800*
208766
Denmark, krone—
33As,
.022842
,020060
England, pound sterling—
France (Metropolitan) franc—
1st mtge.
,
Apr
.022845
*
.569800*
———
Apr
——
,909090
7
1561
1
1
I
1
1
.051902* '
.908125
.
Apr
————Apr
.060602*
7+909090
Official-—-——
India
1
1
International
.251247*
3.214113
.022845
3.214113
.
Canada, dollar-*
.
.022845
.297733*
.251247*
251247*
;
3.214113
»
■
Helvetia Coal Mining Co., 1st mtge. 6s due 1958——Apr
Hygrade Food Products Corp.—
1st and ref. mtge. conv. 6% bonds, series A and
series B, due 1949—
-Apr
7
■
.297733*
.297733*
.251247*
.
-
3.214113
.022845
pound
8eigium,franc__.»~-^™——
Brazil, cruzeiro—
Australia,
■
.251247*
.
+—
.297733*
.297733*
.251247*
Official_____.
A-L
4% % bonds, series C
debentures, due 1947.
GatineaU Power Co..
■
''ytwM; f
Co.—
1st mortgage, 5 xMo bonds, series
1st mortgage 5% bonds, series B
1st mortgage
'
Argentina, peso—
Terminals
Duluth, Missabe St Iron Range Ry.—
1st mortgage
3VaS due 1962——i—
Mar. 26
Mar. 25:
Mar. 23
:
Union
Commercial Discount Co., 6%
York
Buying Rate for Cable Transfers in New
Value in United States Money
Noon
Unit
v
INCLUSIVE
MARCH 22, 1946 TO MARCH 28, 1946,
Country and Monetary
Cleveland
Pago
Date
Company and Issue—
Chesapeake St Ohio Ry.—
Ref. & improv. mtge. 3'/a% bonds, ser. D, due 1996-May
Chicago Corp., preferred stock————
Jun
1
11673
1
820
■
f
leading
cities shows the following principal changes for the
week ended March 20: A decrease of $1,630,000,000 in
holdings of United States Government obligations partly
reflecting the redemption of maturing notes and bonds,
and a decrease of $1,106,000,000 in United States Govern¬
ment deposits.
banks
of the
Federal
Reserve
System in
101
;
Below will be found a list
wSavaniiah Electric
:....
.
of corporate bonds, notes,
preferred and common stocks
Loans to brokers and dealers for purchasing or carry¬
ing United States Government obligations increased
$169,000,000, and other loans for the same purpose de¬
clined $47,000,000, both largely, in New York City.
Holdings of Treasury bills declined $106,000,000 in the
Chicago District and $260,000,000 at all reporting mem¬
ber banks.
Holdings of Treasury certificates of indebt¬
edness declined $345,000,000 in New York City, $47,000,000 in the Chicago District, and $414,000,000 at all re¬
porting member banks. Holdings of Treasury notes de¬
clined in all districts, the principal decreases being $453,000,000 in New York City, $78,000,000 in the Cleveland
Distirct, and $63,000,000 in the Chicago District; the total"
decrease at all reporting member banks was $745,000,000.?
Holdings of United States Government bonds declined
$129,000,000 in New York City and $211,000,000\at all
reporting member banks.
Demand deposits adjusted declined $94,000,000 in the
.
in
OF TENDER
.NOTICES
Aroostook Valley RRV
4%% sterling bonds due 1961
Chesebrough Building ' Co.—
1st mtge. 25-yr. 6%- gold loan
Marcy,
1st mtge. leasehold
6%
ctfs.—.—
bonds due 1950:
s.
f.
Properties—
bonds, dated 1936
Serial
Island Ry.—
mortgage 4% bonds due 1047—Any
82822
1673
time
82824
St. Joseph & Grand
1st
due
-
Company and Issue—
:v-+
1st
mtge.
Blumenthal
3%s
due 1963
(Sidney) & Co., Inc., 7%
Buycrus-Erle Co., preferred stock
' Date
,r ■;y
Mfg. Corp.; preferred stock—
Atlanta & Charlotte Air Line Ry.—
-
' Page,
*
---Apr 30
;••
'
.
—May
1
1149'
/ •
■
;
preferred stock—Apr
I
1163
Apr
1
82636
ser. B,
due
1996
notes
Apr
Fruit
1290
1290
1481
1200?
1
1986-May 1
May 15
1964..—Jun
1
1202
m
8193Q
due
*
&
1958■
1033
1615
§2862
1203
1291
—.....Apr ' 1
1036
12490
——-————.—
6%
'Tri-Continental Corp., 3J/2% debentures due I960—Apr 15
Twin City Rapid Transit Co., 7% 2d preferred stock
Apr 20
•v
*
1951———
3%s,
Union Pacific RR.—
.
1
.
3 Va%
+1616
•:
?;• *
-
debenture bonds due Oct. 1, 1970
Apr
V:L35-year
debenture bonds due May 1, 1971
May
^refunding mortgage bonds, series B, due 1990—May
34-year
1
1036
1
1036
6
!
1481
gold debentures bonds, series A, due 2022
July 1 '47
Thrift Stores Ltd., 1st cumul. red. conv. pref.
stock—July 1
REDEMPTION
Aireon
1034
Texas Power & Light Co.—
-
PARTIAL
due
1946-1954.—.——
—Apr 27
Steamship Corp., f7 pfd. stock—Apr
l
5% preferred stock—
—May 15
Syracuse Gas CoV 1st mtge 5% bonds due 1946...
Anytime
Tampa Gas Co., 8% and 1% preferred stocks..
Apr
l
Tampa Gas Co., 1st mtge., 5Vsb and 6s—
.Apr
1
Taylor-Wharton Iron & Steel Co.:—
Collat. trust (now 1st mtge.) 1Ya% cumul. inc. bonds
Standard
Jr2822'
1
.-Apr
1576.7
Stanley Works,
Per.n Mercantile
Secured
bonds
1st mtge.
1st & ref. mtge. 3 Va % bonds, series B, due
Southwestern Public Service Co.—
*
.
trust
RR.,
mortgage 3%s, series C, due
Southwestern Bell Telephone Co.—
1154
Apr 1
—Apr 15
Navigation Co-—
4% consol. mortgage bonds due 1946——————.—Any time
Oregon Short Line RR.—
Consol. 1st mtge. 5 % bonds due 1946
—.-—Any time
collat.
Pacific
1st
Page
774
Date
Apr 12
Oregon RR. &
:
lien
Southern
Company and Issue—
Apr 12
......
1st
;
6%. preferred stock
1st & ref. mtge. 5s, series A, due 1954
Apr
1
Shawinigan Water & Power Co.—
1st mtge. & coliat, trust fund 4s, series F, due 1961—Apr 15
Shippers' Car Line Corp., 4% debentures due 1949
Apr
1
61 Broadway Corp., 1st mtge. income ctfs
Apr
l
Smith (Howard) Paper Mills Ltd., 6% pref, stock
May 8
Southeastern Gas & Water Co.—
called for redemption,
including those called under sinking fund provisions,
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location
which the details were given in the "Chronicle,"
& Power Co.,
Seattle Gas Co.—-
-
,
IllSaillfisils?®®
'a:-,'
'
,
Number 4477
olume 163
Company and Issue—
United Air Lines,
Date
Inc.,
'tica Knitting Co.,
5%
4Va% cumuli conv, pfd. stock—Apr
class A preferred stock—
Apr
Per
Page
I
ahd "L'\.Apr 15
stock———Mar 31
Wb*»
1484
1617
BoUere
Payable
of Ree.
■■
Share
823
1484
I
irginian Corp.—
Collateral trust 5%
irginia
Stores,
Dare
/alworth
Co.,
6%
series notes, series "K"
Inc.,
preferred
$1.12»/2"V-
preferred
stock
——Apr
1
.1330
Western Steel Products Corp., Ltd.—
5% general mortgage bonds, series A-—-—-—May 30 "
*
Winnipeg Electric Co.—
Gen,
mtge. bonds and/or debenture stock, ser. A
and
series
B
♦Announcement, in this issue,
1
May
—
tin Volume 161,
4-15
$1.25,
'6- *
,
,
5-
6
4-30
30c
1618
'
Sin Volume 162."
$2.50
$2.50
3-18
•4-15
&«
3-20
/.<
'4-15
0
4-15
3-26
4- 4
-
■
4-20
3-20
4-10*
4-16.1:
4-
8
4-10
^
4-10
3-30
3-22
5-15
5-15
:
3-20
•
'
3-20
3-20
.
62«/2c
15c
$37c
68%C
5-1
$20c
25c
5- 1
75c
50c
5- 1
37V2c
liVgQ
$1.50
$1.25
$1.50
26c
$1.75
4-15
4-15
4rl5
a
62l/2c
62V2C
4-1
i$5
$31c
37V2C
t25c
$1.06 y*
HOc
$1.12 */2
50c
$2
$1.25
$2
$2.50
25c
12»/2c
25c
50c
4-15
$1.60
13c
5-
30c
4-
V
1
5* 1
4-25
'
4-1
3-26
^21'
$1.17
4-1
$8.40
4-10
4- 1
$1.12 Va
$i:25^
1
43 %c
6-
1
$1.25
4-30
'
IOC
4- 5
25c
4- 1
3-25
75C
5-1
$25c
4-15
200
4-1
3iy»c
5-1
2%%
3-30
3-15
4-20
4-1
4-10
25c
30c
4-1
3-23
$1
4-1
3-27
25C
;
'
3-22
75c
-
-
"$1.06 V*
5-1
5-15
75c
4-15
8-15
75c
11-15
75c 2-15-47
•
$$1.25^-4-15,>30
5-15
$1.25
$1.25
17»/aC"
4-10:
20C
■
9C
4-4'
4-10
-
-;
'
'4--1
8-15
$1.25 2-15-47
3-29
4- 5
-
■
! 11-15
$1.25
'
15c
3-30
$1.50
6-
3-25
'
12 %c
.
.25c
3-27
3-21
'$1.37Vfc
5-1
4-20-
4-15
$1
20%
5--1
4-25"
4-15
4-
50c "v
-3-25
'
1'
3-25
5-15
50c.
4-
4-15
25C,
'255 ?
5- 1
0- 1
4-20
25c
7-1
6-20
20c'
4-30
4-16
4-15
4-25
•
65c1
;v. $1.75
4-15.
,:, 40c
;•
$1.50
4-15
-
;
87V2c
3-30
.
\ 3-16
3-30.
30c
$1.12 Vi.,!
I.37%C
5,
4- 5
4-10
..
50c
2
4-15 "...4- 2
5-
1
4-20
' 5-15 " " 5-
7i/3qr-4-25.
1
4-15
,
-
4-30
'
$1.50
$1.75
150
5-20-
:
.
4-16
5- 1
10c
'
4-
4-20
fl.l2V& !
4-15
5-15
.
•
-•
4-10
55c
3-39
'4-'l:
$3.50
:
5-1
93%c
5-15
1
4-15
5-1
$1
'
4-15
4-" i
3-22
4-1
3-22
3-30
3-25
1766
THE COMMERCIAL & FINANCIAL CHRONICLE
v
When
Per
r,'
give the dividends announced in prevloui
weeks and not yet paid.
The list does not include divi¬
Below
dends
we
announced this week,
25c
8% preferred...
25C
Plywood Corp. (quar.)
Atlas Thrift Plan, 7% preferred (quar.).
$17%C
Ault & Wiborg Proprietary, Ltd.—
6V2 % preferred Hquar.)
;—.. $$1.37%
Automobile Insurance Co. (Hartford) (quar.)
250
Avery (B. F.) & Sons Co., 6% pfd. (quar.)
37%o
Avondale Mills, common (monthly).^
5o
Common (monthly)
50
M
Atlantic
Common' (quar.)
Adam Hat Stores, Inc.,
$25©
i—
—-—a-..
4- 1
common—
7%
-
2-15
3-20
3-15
'
3-14
3- 1
4- 1
'
4-10
4-20
3c
f$1.75
4-1
2-28
75C
(quar.
4- 1
8-15
.
1
3-20
4-
5
3-21
20c
7- 3
6-20
■;
•'
'
Akron Canton it Youngstown RR. Co.—
preferred
Alabama
$1.50
4-1
3- 2
1
3- 8
3-22
2%c
4-
1
3-20
2 50
4-
1
3-15
4-
$1.50
Markets;Inc., 6% pfd. (quar.)
& Equipment
(quar.)
Laboratories, Inc.^.-..——»
Allied Products Corp. (quar.)———
Albers Super
Allen/■ Electric
50c
.
3- 8
4- 1
Beech
3-28
4- 8
3-14*
(quar.)-.
40C
of Canada, 5% pfd. (accum.)
Goods Manufacturing (quar.)—
$$1.25
iMX
20©
4-1
Amalgamated Leather, 6% cony. pfd. (quar.)
6%
preferred (accum.)
—
Amalgamated Sugar Co. (quar.)—
...
American Aggregates Corp., 5% pfd. (quar.)
75c
Chalmers Manufacturing Co.Aluminum, Co, of America—•,
Allis
Aluminum
Insurance (N.
American Alliance
•
•
6%
Bank
Class
•
3-15
1-
3-15
4-
25c
preferred
7%
4-
Ha:
75c
4-
1
3-12*
25C
4-
1
3-28
;
4-
%
4-8
15C
68%©
75c
5- 1
25c
4.
& Body.—..—
Crystal Sugar, 6% pfd. (quar.)..
American Cyanamid Co., common (quar.)..
:;.V. 5 % preferred'-(quar.)
American .District Telegraph Co.
(N. J.)—
5 %-" preferred
(quar.)_.......i....
American Express Co.
(quar.).___——
American Felt Co^ 6% preferred (quar.).;.
$6
3-
4
4- 1
3-
4
preferred
4-15
3-15
4-1
8-15
4-
1
4-
2
Brach
3-29
4-1
3-
-'
3-14*
1
4-
4-15
3-30
4-15
4-
4-15
4-1
.
1
American
Service
Snuff Co.,
preferred
Co.,
$3
pfd.
common
Insurance
3-20
1
4-
4-
3-13*
25c
4-
Co.
4-
4-15
hZA*
4-19
$6
1st
Water
6-1
3-14
Wringer
.Extra.
American
$5
—
-'•4-1
4-
1
2 ce
4- 2
$1.75
■
3-
4-15
preferred
4-1
4-
4-25
4-
1
l
8-18
1
4- 1 $
3-15
3-15
1
I
4-12
7- 5
6-22
57-
$2.25
30c
5
4-13
4-
$1
6-22
4-
3
1
3-23
4-10
IOC
20c
$68%c
5-1
4-10
25c
4-1
3-20
$1.75
(quar.)
Arkansas Power & Light Co., $6 pfd. (quar.)
$7 preferred (quar.)—fc—
conv.
4-1
3-20
(accum.)
Armstrong Rubber, Class A (quar.)
Class B
(quar.)
43A% convertible preferred (quar.).
Art Metal Construction Co.
Arundel
Corp.
;
3-30
Budd
Wheel
Extra
4-
2
3-20
4-15
—
Co.,
lOd
„
Butler
5%
C.
I.
(P.
H.)
conv.
T.
Financial
Camden
(quar.)—
(quar.).*..——**...,*—...
Water
Fire
3-18
3-20
1
Corp.
Service
Insurance
Foundries,
preferred (s-a)
*v
—
Cincinnati Gas
1
4- 1
20C
5%
3-15
4-
$1.25
,.5%
3-15
.
3-19
1
4- 1
3-2(
4-1
3-15
$1.25
$1.25
8-1
9- 2
r
3-20
fe4- 1
3-19*
i4-1
3-19*
■
906
.
'
$15c
3-15.
4--1
8
3-21
4-1
3-11
4-
15C
6-
5
4-26
75c
...
4-
1
3-15
$1.50
4-
Clinton
3-15
1
3-18
31'Ac
4%%
,
.
•4- %
50c
4-
1
3- 9*
t5e
4-16
3-9*
37%c
5-15
4-30
5-15
:
4-30
62 %C
5- 1
(J. H.) HardwareClass A (Initial quar.)
y:
-4-29
.*
rt
3-15
Associated Electrical Industries, Ltd.—
Ordinary
Atlantic
Atlantic
registered'(annual)—
Greyhound Lines, 4%
.
$1
4-17
3-29
4-1
3-11
preferred B (initial)
preferred A (quar.)—.——————*
Wi 90c
3-15
,.
-
$1.75
3-15
4- I
25©
$1.75
50c
3-20
3-21
4-15
3-25
4- I
3-1
$2.50 class A (quar.)..
———.
62V2C4-. I
Coca-Cola Co. -J.—————75c
4-1
.
3-9.
3-15*
Collatreal Loan Co.
4-
3-15*
$40c
' $30c
4-15
4-
1
4-15
4-
1
3-11
5-
1
4-10
4-
common——.
....
;
1
4-
3-10
2
1
—__
v
,
(Boston)
■
i'k
$15c
4-25
3-20
$$1.75
4-15
3-20.
■
$75c
.
(quar.)....
5-
1
4-
5
Canada
5-
1
4-
5
Canadian Breweries, Ltd, ——:
Steamship' Lines/ Ltd...—.—
V
:i25c
4-
1
$$2
4-15
$25c
4-
1
l".
1
3-15
4-1
$50c
33-
'MM
quarterly '
Collins Radio Co., $2.75 prefeired
Colonial Ice CO,,.common (irreg.)
$1.25:
683/4C
(quar.)
.
3-21
2-28
Columbia Baking Co., common.
(quar.)*
Columbia Gas & Electric Corp.—
75c
75c
25c
75c
10c
2l/2%
$5c
.....—.
—
,
.....
—.—.
(stock dividend)-.
Commercial Alcohols, Ltd/, common (quar.)
Columbia
Pictures
preferred
4-1
4- I
4-1
-
$6. preferred B (quar.)——
$1.50
$7 preferred (qUar.)_——• $1.75
Colonial Steamships, > Ltd.
(interim)
t$5
$1 partic. preferred
.participating ■ ...
3-22
3-26
4-
3-1.
3-1:
3-1
3-1
.5-
114-1
3-2
—
Reduced
,
3-15
4-1
4-1
4- 2
4- 1
-
4-1
1
$1.25
..
Mortgage
3-26
•,
25c
$1.06,/4
4-
pfd. (quar.) $$1.12%
$62%o
Canada Packers, Ltd., Class A <s-a)——
Class B
(s-a).—.—.
4-17
4- 2
50C
50c
(s-a)„
Canada Northern Power Corp., Ltd,—
Common
^qnar.)^
—
1% preferred (quar,)——.i..*.—.—
Canada Permanent
Refining Co.—
$3.60
4%
pfd. (quar.)
;
0
4-15
4- 2
4* 1
,4- I
3-18
Coca-Cola ( International Corp.—.
$5.60
4- 1
Cockshutt Plow Co.^ Ltdi (s-a>
t25c • 6- 1
,
Semi-annual ...*
—
125c - 12- :!■
Colgate-Palmolive-Peet Co.—
' M
•: Common (quar.>
25c
5*15
7%' preferred (quar.)—:
.........
t$1.754-1$
.
$15c
4-17
:
,
.
Ashdown
3-11
3
3-30
:
25c.
quar.)..—.
(initial)
Clinton Water Works Co., 7% pfd. (quar.).
Cluett Peabody & Co., Inc., com. (interim).
' 1% preferred (quar.)
Coca-Cola Bottling Corp.—
3-18
—
(quar.)
Association
(initial
Clinton Trust Co. ■ (N. Y.) hew com,
31 %c
(quar.)_
(quar.)
Industries
;
20cr
GityoTitle Insurance Co^ (N. Y.) (quar.)—
15c
ClevelandrCliffs Iron. Co., $5 pfd. (accum.)
$1.25
Cleveland Electric Illuminating Co., com....;
„ 50c
$4.50 preferred (quar.)—_——$1.12(4
Cleveland Hobbing Machine Co. (increased)
15c
Cleveland, Union Stock Yards (quar,);.—..
12%c
Cliffs Corp. ——.————
....•,
20C
3-26
4- I
'
20c
••
4-1
4* L
5- 1
•
$1.37%
•
i
•
4-1
75c
CRy Investing Co., 5%% preferred (quar.)*
City Stores Co., common (increased qua*,):
f Class A (increased)———.
8
3-
v
preferred (quar.)—
3-16
4- 1
7% preferred (quar.)_——....$1.75
Citizens Wholesale Supply Co.—
> i - -
50C
(accum.)
3-15
15c
(quar.).
Citizens Water Co. (Washington, Pa.)—
11 4-iX
8-lS
$1.12
Cincinnati
$1.75
6-15
-
'
•.
Yards Co.
.
3-19
6%
3-20
:
4-19
3-8.
3*6
4-1:
$1
4-30
1
3-19
; 4-1
4-15
$1.75
•„
4-1
4- 1
3-16
8-16
'O.V.vM.yJV
25c
$1.02
4-
3-22
.
60c
(quar.)..
(quar.)
Stock
•
$1.12%
■
Union
3-20
4- 1*
3- 9
Cincinnati 65. Suburban Bell Telephone Co.—
VLncreased
3-30
4-15*
& Texas Pacific
New Orleans
preferred
preferred
3-15
3- 9*
5- 1
4-15
4- 1
4- 1
Electric Co.—
&
4-12'
4-1
>; v.; ;
preferred I (quar.).
Cincinnati
3-22
'4- 1*
4-15
4-15
4-
4%
3-22
$5
$1.25
75c
62%c
v
3-30
3-13
3-13
4-1
4* I
:
150
•
-
4-15
50c
Co..
■'
...
4%% pfd. (quar.)...
Christiana Securities Co.—.
7%
preferred (quar.)—
3-22
B
Ltd.,
par)
(initial)
Cotton Oil (quar.)
$20
(new
Chickasha
'
4-15
(quar.)
Canada Iron
6%
4-
15C
Canada Dry Ginger'Ale, common.....—.
$4.25 preferred (quar.)——
—.
•
.
r
Camp Mfg. Co., Inc., 5% preferred -(quar.)
3-13
3-20
;
1
$25C i
Canada Bread Co., Ltd.,
class B (quar.)
4-1
2-26
2-26
-t
3-15
4-1
5
4- 5
4-
4-
15C:
3-12
4-.1
i
5-
,
1
25c
2-26
15C
1
5Cc
2-26
4- 5
#1.25
4-
59%c
4- 5
30c
$25c
(initial)—
4-
3-18
;5
,
—
.
common...
3-11
v
;'-s
$1.12%
f50c
Chicago Mail order Co. (quar.
_
Chicago, Milwaukee, St. Paul & Pacific RR.—
5% participating preferred A (initial)
:
Chicago & North Western Ry., 5% pfd. A—
Chicago Pneumatic Tool Co., $3 pfd. (quar.)
$2.50
preferred (quar.)
Chicago Title and Trust Co.—
-
3-12
$$1.75
$1.75
4-1
•
3-26
#
4-1
8*15
#141'-••"• 4*'$ ^
$1.25
pfd.
3-15
-4* lv
4- 1
^ -
••
—^...—.,.
Chillicothe Paper Co.,
Calgary &c Edmonton Corp., Ltd.——.v.—
Packing Corp., com. (quar.)—.
5%
preferred (quar.)—.
3-15
4-1
1
3-11
3-15
Chapmani Valve: Manufacturing £0* (quar.K
>
Chase National Bank/(quar^ ..*.**^.-*,«.
40©
5-1
Chemical Bank it Trust Co, (N, Y.) (quar.).
45c
4- I
Ohertical'Fund; Inc. (irreg.)v
4© ; 4-15
Chesapeake &•.Ohm;Ry.^(quar.)*...-**.*-;.*'i''•:-:'^ 75©-v-, -;4*1 ■<
Chicago Daily News, Inc., 5% pfd. (quar.)..
$1.25
• 4- 1
Chicago & Eastern Illinois RR. Co.—
$2 class A
:v
$1
4-15 ■
-
3-15
4-
311.50
pfd, (quar.)—.—»
preferred
(annual)
A
^ $4,50 preferred^ (quar.)
f 4- 1
7d
California
4- 1
iClass
Co.—
preferred
non-conv.
California
15c
,,,6%'''prior',prefeiTed*-i.-...*-..»..«..»^.->-
3-15
1
4-
3-11
3-11
3-11
3-15
::'^i'v$5©"!t5'>$*lV"
(quar-$1.04
Products, 4%% prior pfd. (quar.) ■ $1.12%
Chamber of Commerce Buflding Co*p.---
4-15
4-15
15C
Bush Terminal Co., 6%
•
4-19
4-1
'
2%%
—*
Terminal Bldgs., 1%
4-19
4-25
$$1.50
Burlington Steel Co.. Ltd. (quar.)
Burroughs Adding Machine Co. (increased).
Bush
.
-
,3-4
4- 1
4* 1
4* I
4- 1
*
.
>
'3-11
v
Co.—
Manufacturing
(F.)
(quar.U.
(accum.)
preferred
Certainteed
-
'
Niagara
3-15
3-18
>4.15%
5-20
v
93%©
$3.60
Burkart
,
.
•
$3c.
37%© ,
preferred series B" (accum.).*....-^.- ' 37 %© . - *
preferred A (accum.)__—._—43%C
*
Gold Mines, Ltd.
•••'.Central Steep As Wire Co,.-.........ii.^:^,
Central Vern»nt Public Service—
•.
3-15
$40c
Inc. $3.60 pfd.
Co.
62%c
$1.5Q
$1.50
,
5-20«
.
50©
——
Corp.,
3-30
4-15
^Champion Paper & Fibre Co.—
25©
—
Distillers
3-20
•
•
7d
*—
3-20
.3-20
3-23
420c
$25c
Electric Corp.—
>'V
preferred (initial quar.)
—
Building Products,. Ltd. (increased).^
Buffalo
1
;::4s;i^
-
3-21
——.
4-
15c
3-21
6%
Z1%
2
-
3-9
100%
$1.50
.
3-30
1
preferred (quar.)
Shoe
$1.50
...
-
1
; $1.19;:
(quar,)—1—.J;.
preferred (quar.).
;
.$6 preferred (quaT.Jf——..
6% preferred (quae.)
!
—
Central Patricia
4-20
••,25C
(s-a)———
$1
""vs
'•
Central-States Electric, 6%" pfd C
v
15C
(quar.)—
3-15
3-15
r
,
4- 1
4.-1
4* 1,
^%>preferred,.:(quar;)^;.**;i._-—.i;.$$l,75fAfc:4<r.LA"
?
4-
>
—
a:
.5%.
■
3-20
'
3-18
4-1
4-1
25c
37%c
,
.
w4%%ri 'preferred;
•
3-21
1
3-30
"
—
Central Maine Power CO.—'
.
4-10
1
4* 1
3-18
-
4-
Co., common........
preferred /(quari)-*-—*
$1.25
(111.)—
prior preferred
4-
3
3-20
3-19"
4- 1
i
-
37 %c
-
$6
5-
-50©
(quar.)
Central Kansas Power Co.-~.
3- 9
>
6-
3-18
.Common
(quar.)^**;*_-*_.-.-..;-l-^-.i
82%© v
4-1
.4.10% preferred- AUQUar.Ji..;.;^*;.^. $1.02%
I '4-.,I
..;4,10%.',;preferredv:a:;(quar.);;.-.^i^-A^i',-^;'$1.02%-V^
Central Illinois Light 41/2 % preferred (quar.)
$1.12%
4-1
-
4- 2
V
4- t >
3-2
.
3-18
4-1
3-12
4- 1
: 4-15
4-16
•
3-12
Central Illinois Electric & Gas Co.—
-
4-15
1/
Associates
Quarterly
:
■.
3-15
4-
3-15
37%c t; 4-18
(quar.)*..*.—
Fibre Products, Co., Inc.—
,%
Common
4-30
462%c
f62V2c
Aguirie
6% preferred (quar.)..—
——Central Hanover Bank tt Trust Co.,. (NY)---
4-30
A.v$t£
,^:',.40©
preferred (quar.).
—
Bucyrus Erie Co., common (irreg.).
.1% preferred (quar.)—.
5%
$5 preferred
>
4
4-
■
3-19
3-18
$1.18%
,$4.75 1st preferred (quar.)—...........
3-20
4-194- 1
•
600
$1.50
50c
s
;:7^':2hd"preferre4:^(quar4;;^;-.;;;.^-;-.'
3-20?
1
4-1
:
75©
$5
3-20
Arizona Edison Co ^ Inc.—
Armour & Co.
4-
$1.12%
'^$1
Co., Ltd. (quar.)
Co., Ltd.—
(final).—
Erunswick-Balke-Collender
3-20
4-
A
75c
.
>
4-15
.
$1.75
Corp. (quar.)—5c
3-23
-
3-15
Durrell
Brown
3-9
$1.25
——
(quar.)
Brown-Forman
3-20
75c
Amoskeag Co., common (s-a)
: $4.50
preferred (s-a).—_
Anchor Hocking Glass Corp., com. (increased),
$4 preferred (quar.)—
Angerman • Co., Inc..
—;
Anglo-Canadian Telephone Co.—
5V2% preferred (quar.)__
Apex Elec. Manufacturing Co., com, (quar.)
1%
prior preferred (quar.)
"
3-15
4-1
Street
5%
3-15
4-
$1.50
—
A
Brown
3-30
4-15
Co^Inc^
Smelting Co.—
(quar.)
3-15
Central
4-1
#1.25
.
prior
$1.50
'
3-15
Central
4-20
Investing Corp. (irreg.)
Brompton Pulp & Paper Co., Ltd. (quar.)—
County Trust Co. (s-a)
3- 5*
$1.25
25C
3-29
3-20
1
3-22
4-1
2-21 V
$1
4-
:
^
>
3-20
3-20
1
1
4- 1
$1.50
4^,
participating preferred
Oil
5*
$2.25
$1.37%
(quar.)
..........
Co.*—.
-
11
3-25
4-10
Bronx
2-16
Zinc Lead &
prior
44-
f'
Tobacco
Broad
3-15
4-
$1.75
pfd. (guar,)—
—
4-18
?"V
-
British Columbia Pulp & Paper—
1% preferred (accum.)
3-14
4-1
87%c
Works & Electric
preferred
3-23
5-1
?'*■*
4-15
4- 1
•
:
American
4-15
50e
3-23
4-1
4*1
:
3-15
I
4- 1
250
preferred
l American
3-
3-20
Class
Co.—
(quar.)
American-Tobacco Co., 6%
3-16
3-14
4- 2
$1
$1.25
6%
3-28
4-11
3-11
4-1
4- 1
4-1
'■%
Carthage Mills,: common**;^..;
4--1-
30c
5% preferred bearer (s-a)
British Columbia Electric Power & Gas Co.|
Ltd., 6% preferred (quar.)
__1_—
British Columbia Power Corp., Ltd.—
*
3-15
7-
$1,50
;
>;■
1
-15
3-15
>
2-28 V
•;
i-
3-18
v
3-23
,
(Indianapolis)—
;
1
3-20
4- 1
3- 8
4- 1
:.V
#1.12%
Ordinary bearer
Ordinary registered (interim)
Ordinary registered (final)
3-22
50c
(qusr.) —...
American Sugar Refining Co.
American Telephone Co. (Abilene Kansas)—
5% preferred (quar.)_
American Telephone & Telegraph
(quar.)_
American Thermometer, $5.50 pfd. (guar.)—
Bottle
4-
1
5-
3-20
4- 1
3- 5
1
#-rL-
3-20
British-Alnerican
3-15
4-15
64C
preferred
Thermos
4-
r
75C
.
3-15
4-; 1
4-1
"1
(quar.)——.
1st preferred (quar.)...
Carriers & General
$$2
.
-
...
3-29
preferred A (quar........
4- 1
preferred B (quar.:
4* 1
Case;(i. I.) ;co;,?:pomm(Mi-;;-.;*-:i.w-*^
■■ • ■•40©;^;4;;:i:
.1%
preferred (quar.)..^..
l._—.
$1,75
4-1
Cassldy's, Ltd., 7 % preferred (accum.)...*... $$1.75
4* 1.
rife preferred (accum ).;
... •
$5.25
7* 2
Celanese Corp. of America, com. (quar.)a.
50c
3-31
.
$$1,75
>.
5-1
Carolina Telephone & Telegraph Co. (quar.)
$2
Carrier Corp., A% preferred (initial50c
4-15
British-American
3-11
15c
(quar.).
3-15
$1.75
••
5-15
; 5-18
i
4* 1
' '4* 1
Carolina Power & Light. $5ipfd. (quar.)_._.
4- 1
$17%©
•
4-15
$l5c
$2%C
$$1.25
$$2
—
A (quar.)—....
Carnation Co.,
>
4-15
3-11
30C
American Stores
:
4-1
3-15
4-
$1.50
participating
(quar.)—
■
3-14
$1
$$1
,
6-1
75c
$3 preferred
.
3-15
50c
;
3-29
$4c
,
Capital Transit Co.
3-16 |
3-14 ;
4-1
(quar.).^
British American Assurance Co.
3-11*
4-
40C
50c
4- 1
.
preferred
3%%
3-13*
4-
$1.25
...
5il
$50o
.
■
50c
3-16
1
35©
Ltd.
3-15
4*30
4-30
4-15
Capital Administration Co., Ltd."—'
3-15
1
$12>/2C
3-20
1
4-
35c
Quarterly,:
American
3-1
1
50c
(quar.)———
States
4-
50c
.
4-
■
150c
■
Briggs 81 Stratton Corp. (stock dividend)
Brillo Manufacturing Co., Inc., common.—.
$2 partic. preferred A (quar.)
Bristol-Myers Corp.—
*
*
V s '
3-1
$1.75
American Seal-Kap Corp. of Del
American
4-1
€2%C
(quar.)
3-22
,.4i4
$20C
$1.12%
4%%' preferred (quar.)
Razor Corp.
Co.
American Safety
American Screw
Mines,
$1.30
-
—
7%
3-13
25c
—
7%
1
$1.50
—
.
4-
10c
of Illinois—
3-15
b 4-
.
preferred (quar,
$2 preferred (quar,)——*
American Locomotive Co., common..—..—
-7% preferred '(quar,)..——.
American Manufacturing Co., new (Initial)American Optical Co. (quar.)—
American Power & Light, $5 pfd. (accum.).;
$6 preferred (accum.)—-——
American Rolling Mill—
8%
3-20.
5C
5%
,
3-20
1
20C
Extra:
3-15
4- 1
;'
3-22:
4-1
(quar.)
4$32%C
Brazilian Traction Light & Power Co., Ltd.—
6preferred (quar,).
1
Brewers Si Distillers (Vancouver)—
:,
$50c
Annual'—
—
3-20
1
$1.50
,
American
1
4-
25c
—
-
4-
4-
$1.50
,
3-9
$1.06 V*
(quar.)
Brandtjen & Kluge, Inc. (quar.):
Brantford Cordage, Ltd., com. (interim)
8
$1.50
12%c
6% 2nd preferred (quar.)
3-21
3-30
4-1
com.
Bralorne
4-10
$1.18%
Corp
American Home Products Corp. (monthly)
American Hydraulics, Inc——
•
American Ice Co., 6% non-cum. preferred—
6% preferred new (initial)
American Insurance (Newark, N. J.) (s-a)^.
-
$1
•
J.) & Sons (quar.)
Steel Corp. (quar.).
(E.
3-30
,
preferred (quar.)_*.._...i.^....—
8% preferred (quar.)._*I—
Canadian Silk Products Corp.—
$1.50 Class A (quar.)$37%©
Canadian Westinghbuse Co., Ltd.—
$50©
Canadian Wirebound Boxes—
$1.50 Class A (accum.)..
$37%C
Cannon Mills Go. (irreg.)
500
Cannon
Shoe Co.
(irreg.)—
10c
3-15
$1
25©
•
;
.
3-1
4.-15
4fl5,.
'
. .
•'
•
Extra '
.
3-22
3-21*
S:4- 1
$1.37%
(qufir?)—
.
quar.)
(increased
Common
3-11
25C
;
Brainard
$3
American Investment Co,
450
(quar.)—
new
Marconi
>
16c
Quarterly
25c
Botany Worsted Mills; class A-**——* v
,;At$lJ4c.
$1.25 preferred
(quar.)
—
'
(quar.)
American Hardware
1
A:;; 50©
Corp.—*—
(initial quar.). :■ - vi 55c
,,
Property Trust (Boston)—
Personal
Boston
3-15
4-10
25C
American Hair & Felt Co., common (quar.)
6%- 1st preferred (quar.).-^.-...i....ii...
,
4-
:
1
22%c
...
American das & Electric—•
4%%:
4-
$3.50 | 4- 1
30©; •M 4--1
4- 1
".,•;.'• 75©
(Sidney). 1%
Boston Insur. Co..
9
3-
Canadian Oil Cos.—
•
3-20
1
3- 8
il 2r 9i
$$1.50
$$1.50
$$1.75
Co.——.—..
4-1
3-11
$1.75
(quar.)——
Stores, Inc.—
conv. preferred (quar.)
Borg : (Geo. W.) Corp..
Borg-Warner Corp.
Boston Elevated Ry.
(quar.)
Boston Edison Co. (guar.)
3-14
4-
$1.50
(accum.)
preferred
1
4- 1
250
$1.25
$1.50
Growers
.
3- 5
$1.50
AViVo
4-10
.
—
4-20
Boston Herald-Traveler
(quar.)
American Furniture Mart Building Co., Inc.—
Fruit
Indqstries, Ltd.—
^
« • ;
Common A (increased)
Common B
(increased)-..-.——.—.—
7% preferred (quar.)
4-1
25C
(quar.)__^
3- fl
'3- 9
.
preferred
Canadian
$1.75
Co.
(increased)
Canadian
C
Bond
12%©
-
American
Water
Saco
Bon Ami Co., class A
Class B
(quar.)
3- 9
•
$1.50
.
3-23
-75c
Bohn Aluminum & Brass Corp.
American
».
3-21
Cities
American Coach
12-10
1
4-
56(4©
400
;
....
(quar.) —:
Faivbanks-Morse Co., Ltd.—
preferred
(quar.)
Canadian General Electric Co, (quar.)...-..
Canadian General Investment, Ltd.—
A.Regular: (quar.) ',.;.u.-..—" $15o
Extra-:;——$25©
6%
3-12
1
-
pfd.
(quar.)
6%
•
3-23
%
1-2-47
$25c
Corp., 7%
(quar.)
preferred
30c
preferred (quar.)
Bobbs-Merrill Co.,
4Va% pfd. (quar.)__
Boeing Airplane Co. (resumed)—.
4-1*
4- I
$2.75 class A optional dividend at rate of
3la -of one share of class B stock or cash.
'
&
Blumenthal
$1.75
non-cum.
Inc,
4- t '.i
20c
(quar.)
Steel
^.*.1...
convertlbie
$1.25
—
Birmingham Electric, $6 pfd.
$7 preferred (quar.)
Bloomingdale Bros., Inc
;
3-14*
preferred (quar.)....
(Reading Pa.) (quar.) —
Power & Light Corp.—
$2.75 class A (opt. 4iv. series) ^share
ofclas&B stock or cash.
—.........
7%
?:
American
preferred
Biddeford
3-28
1
4-1
$1.75
American Casualty
3-30
!•
8%C
—
—
Participating
Canadian
9-10
;
>
(quar.)
Bickford's,
3-12*
,,
(quar.)
Co.
(quar.')
(initial)
preferred
Bethlehem
3-15
American Car & Foundry—
:
8
1
—
6%
3-20
1
*
(quar.)__
4-15
10-
,
(quar.)
:
Benson & Hedges. $2 conv. pref. (quar.)— ;
Bessemer Limestone & Cement (quar.)
4-15
25c
Co.,
3-15
5-1
6-11
Bell Telephone of Canada
3-21
4-1
B
American Can
3-21
50c
(quar.) —
Corp., common^...
Common
5%
25c
Bemberg
4-1
4-
—_
Co.
Packing
preferred
Canadian Cottons, Ltd., common
8-20*
8%C
Belding-Corticelli, Ltd., common (quar.)—
7% preferred (quar.)
—i.—«.
Belgium Glove & Hosiery, Ltd.—
3-15*
4-1
4-
3
$1.25
Y.) (quar.)
Co. (quar.).
Note, common
preferred
American
4-
v
4* I
5C
American (Bakeries
American
.$1.
3-11
1
4-
(1.50
preferred
Aluminum Co.
Creek RR.
Beech-Nut
•
6%
■*.
Asphalt Corp. (quar.)
"
oi Rtc
4- 1
«
4- t
$5c
' 4- 1
$15©
4- 1
tlOc J; 4- 1
$45c
4- 1
$30c_
4- 1
"
$$1.50
4-15
1$2
4-1
$27%o
$25c
(quar.)..
(quar,)...._*-*.-..*..t..i.
Canners, Ltd., common
Participating
1
3-
4-1
4-1
'■A 7- 1
Y.). (increased)——
Beatty Bros., Ltd., Class A (Interim)
Class B
(increased).——.
———
4-20
40c
Corp.
Stores
3-11
1
4- 1.
$3
.
Allied
Allied
50c
(quar.)
(quar.).
Y.)
;
60c
8%C
,
2
3-
4- 1
?A4-
$1.50
(N.
Co;
6 io
»
-4-15,;
5-1
8%c
(quar.)
4% % preferred (quar.).
Bastian-Blessing Co., common (quar.)—
$5.50 preferred fouar.l :
^.
,
.
Bath Iron Works Co-rp; (quar.)
Bausch & Lomb Optical Co., common
4%
preferred
(quar.)
Beatrice Creamery Co., common (quar.)
$4.25 preferred
(quar.)
3-15
$1.75
$7 preferred (quar.)
6% preferred (quar.) —:u^.—
Alabama & Vicksburg Ry. Co. (s-a)
,
Manhattan Co.
Yorktown
Canadian
4-24
3-25
Share ' -Payable
•
•
Barker Bros. Corp., common
8-15
4-1
—
(quar.)
preferred
$6
Power,
(quar.)
of
Barber
'
?
4-1'
20c
$2.50
(s-a)>——
Fuel & Iron Co.
of the
Bankers Trust
9-20
10- 5
20c
5%
4-
Bank
4-
20c
Bearing Co.,
Ainsworth
Alabama
12 %0
Backstay Welt Co. (quar.)—.
Badger Paint Si Hardware Stores, Inc.—
Quarterly w-——*
Baltimore Porcelain Steel, 7% pfd. (quar.).
7% - preferred (quar.)—
; 1%
preferredN (quaf.)^—
? ;7 ^.' preferred' (quar)..
Bancohio Corp,
(quar.)
Bangor & Aroostook RR,. $5 pfd. (quar.)—
Bangor Hydro-Electric Co. (increased)
—
6%■; preferred
(quar,)..—
7% preferred (quar.) ——._v
Bank of New York (N. Y.) (quar.)
Bank
8%c
class A (quar.)
-Manufacturing Corp.. ( quar.
Quarterly •?
1
—
3- X
4- 1
i;S'4-Si1::
30©
—
'Agricultural Insurance AWatertown, N.
Quarterly -1—
Ahlberg
4-
■
—i'—-■
preferred
1
4-10
:;::-';4*:;'L:>
40C
—-
—rrM
Agnew-Surpass Shoe Stores, Ltd.—
Fund
Affiliated
2-15
62%©-
—. —
Co.
Insurance
1
4-
25C
37»/2c
(quar.)
—
Aetna Life Insurance Co. (quar.)
Aetna
8-10
4-
31*/4C
;
1
Name of Company
1
5-
——
i2y2c
Preferred (quar.)
Addressograph-Multigraph Corp.
Aero Supply Mfg. Co., class A (quar.)
Aetna Casualty &. Surety Co
•
1
4-
4-15
■
preferred (guar.)
Sugar Refineries, Ltd.---;
Abbott Laboratories, '4%
Acadia
olRea,
Payable
Share
Name oi Company
uoKtm
4-
oi Re0
HolAere
When
Per
fl olden
Payable
Share.
Atlas
preceding table.
Imen
Company
Atlas: Corp.,
these being given in the
Per
Name of
•
v
Monday, April 1, 1946.
Corp.
(quar.) —....
.
JlOc
^
.
.
4-1
( 4-1
4-15
4-1
4-1
-4- 1
4- 4
5- 9
•
,4-15.
.4-15.
3-1
3-2
3-2
3-2
3-2
3-3
3-1
3-1
3-1
34-2
3-3
3-3
1
Volumei 163
WW
3YtV"
KameofComvany
y
Oommetcial
Bank
Natl.
(N.
50c
35c
5- 1
4-
6c
(Jersey City) (quar.)
Co, (quar.)..,.
Edison
Commonwealth
4-1
Commonwealth
&
$6
■j
preferred
Commonwealth
——
(Del,)..........;.
Southern .Corp.—
.
preferred
(quar.j™.,.,
3-23
•
3-11
"*
Concord Gas Co., 7% preferred (accum.).;.
Confederation Life Association (Toronto)— ■-
-'V
1
>
3-11
4-30
,
.iQtiarterly.>„„„a—• $$1^50?-^'^-15:
Quarterly.
m
$$1.50 -''v 9-15
Connecticut Gas ?b Coke Securities
9-10
Co.—
■%'%
consolidated 'Edison. CO, of .New York, IpCr—.
$5 preferred (quar.)
Consolidated Film; Industries, Inc.—
>•
**,.
Common
$2.75
Consolidated
?<$1,75
$1.12 J/2
$1
v
.
Corp.,
Consumers -Power.
Continental- Air
Continental
$4.50 pfd.
:
3-15
4- I
4- A
3-15
7-1
3-15
(quar.)
4- 1
3-15
$1.12%
^
15c
:4-.'l
(quar.)... $1.37%
Continental-Bank Ac Trust Co. (N. Y.) (quati)
20c
3%
>■
-(reduced):
prior
-;
»4- 1
12%c
,.™
4-1
Co., common
preferred (quar.)
AVaVe preferred (quar.)
Continental Steel Corp.—
5; New
common
(initial)
(quar.)_l
3—22
4-1
.
$1.75
3-22
50c
4-
1
3-15
$1.12
4-
1
3-15
$1.13
7- 1
6-15
20c
4-15
4-1
Continental ;Teh .'Qa* 6%% ftfd. (quar.'L.i. ~ $1,62%
:v1% partfe. preferred (quar.)>___
$1.75
Cooper (Peter), 6%% preferred (quar.)...
$1.62%
Corn Exchange National Bank & Trust Co.
OlPhila t'' '(quar.) S—i.
50c
4- 1
3-15
1
3-15
4- 1
3-16
4Va%
...
„
■
™™
Cornell-Dubilier Electric Corp.—
\ $5.25 preferred (quar.).
4-
;
4- 1
,,
87'Ac
i 5%
!
3-18
Crown
Crurn
*
1
3-20
4-11
3-14
4- 1
■:
'Quarterly
4- t
$1.50
3-25
3-21*
3-18*
25c
4- 1
3-13-
Federation Bank & Trust Co. (N. Y.) (quar.)
Felin (J, J.)
& Co,, > Inc. (increased)—...
Fifth
Avenue Bank
30c
4-15
4-
Fifth
Avenue
$2
6-29
6-14
Filehe's
(Wm.)
Sons Co.
4-1
3-18
Finance
Co.
Pennsylvania,
$1.75
4-
1
3-18
Extra
$1,75
7-
1
6-18
Fireman's
Fund
Cisco)
(quar.)
4-15
Corp.—
—
,
'
25c
.
1
Publishing Co.—
$4 prior preferred (additional)—
$4 priol preferrd (quar.)
$1,,
75c •;
Mills
Common
*; 8V ,preferred
Co.,
*75c
"
6%
Class A
35c
convertible
preferred....
Inc. (quar.)
Records,
4-
15c
(quar;)-
Quarterly
i
■
Quarterly "
Dejay Stores, Inc. (increased)
Dennison Manufacturing
Co., Class A (irreg.)
25c
—...
10-10
15c
4-
60c
$6 cohvlprior preferred (extra)...
Dentist's Supply of N. Y.—
."New common
:!% preferred
(initial)..———'
AVzc/o
25c
(quar.)-.
Co., 4Vz% pfd. (quar.)..
preferred "(quar.)
Denver
Union
Detroit
Stock
Edison
Co.
6-
$1.75
1
Co.—
30c
5-15
...
Match Co., 6% partic.
pfd.
Giorgio Fruit, class A (initial)
-Class B
(initial)-*-
^$3 participating preferred
Distillers
\5%
Corp.-Seagrams—'
preferred
75c
(s-a)
(participating)>
(quar.)
■
*
- •
'
;
'
L_
v
"
Co.,
Ltd.,
com.
(quar.)___
Dow
(quar.)_—
Chemical
Co.,
$3
common
(quar.)—.
75c
preferred A ' (quar.)v
*- $1
Drug Co,, 1% preferred (quar,)—
$1.75
Draper Corp,
(quar.)
75c
Duke
1%
Power
preferred (initial quar.)..
Co., common..;
preferred (quar.).....
4-1
4-1
75c
"
$1.75
(N.
Y.)
.
4. 1
6%
•.
.
(quar.).—
'
preferred
(quar.)—
$50o
$1
300
$1.50
50c
.
4n25
::
1
3-15
32 %C
4-
I
55c
4-
1
3-23
4-1
;> 3-20
.5-1
4-18
3-25
3-30
4- 1
4-15
4-1
$$1.25
4- 1
$$1.37
75c
4- 1
4-1
$1.12%
62l/2c
$1
4- 1
4- 1
4-22
4-22
5- 1
4- 1
4-1
(irreg.).—
30c
20e
10c
15c
common (quar.)——
$8
preferred (quar.)
—.1—
$2
General
Box
Co.
(quar,)
l%c
General Capital Corp. (Irreg.)—_—27c
General Controls Co., 6% pfd. (quar.)
87%c
General Electric Co. (quar.) ——————
40c
General Finance Corp. (quar.)—,
5c
5% preferred A (s-a)..—25c
S%. preferred B (s-a)30c
General Fireproofing Co.—
*!% preferred (quar.l--iiii.—
$1.75
General Industries Co., 5%
ptd. (quar.)—
$1.25
General Instrument Corp.
(quar.)—
,,15c
General Investors Trust (Bbston) (irreg.)..
6c
General Machinery Corp.^..^..—50c
General Mills, Inc;, $% preferred (quar.)—
$1.25
3-30;
3-19
$22c
...
i
,
4-15
4- 1
4-25
4-15
5-25
5-25
,
,
3-20
4-15
30o
,
5
30c
4-
2
3-8
4-
2
,8-9.
—
$1.75,
preferred (quar.)
A
Gommon
(quar.)
Greyhound Corp.,
3-15
4-
1
8* 1
4-1
3-20
3l%c
4-
1
3-20
$0.05092
4-
1
3-30
;
f4?pQ
4-1
3-11
25 c
.
"
4-1
3-25
.
4-
36c
.
'-
50C
(irreg,)—
(quar.)—--———
Co.
Brewery
preferred
'•*
3-7*
3-15
3-15
3-1
3- 1
8- 1:
3-22
3-20
8- I
3-25
3-25
4-19
3-23
3-9
3-30
3-15
8-15
4-1
6-10
6-10
3-20
8-21
8-16
3-30
3-22
3- 8*
1
4-
80c
———-—
$1.06y4
(quar.)tl.Oe1/*
Western
Conv.
4-1
$50
50c
common* (quar,) 1..—i.—.
preferred
-4%%
3-20
25c
Inc.—
Greif Bros. Cooperage Corp.-*
;:Gommohu;R ' (irreg.)
Grnen
Watch
1
:S
4-
1
£
3-25
3; 4- 1
3-11
3-11
h
3-13
5-15
34%c
■to- *
4* 1
$1.25
Extra:
$1.50
4-
1
3-25
250
4-
1
3-15
$1.25
4-
1
Co., $5 pfd. (quar..)^.—.
(Montreal)
3-15
4-15
3-30
$$1.50
Co.
Co.
4%%
£%
",l,
4-15
4- 8
4-1
3-9
3-18*.
4-20
4- 6
4-
1
3-21
$1.25
80%c
4-1
4- 1
3-21
3-18
$1.25
4-
$1.50
15c
(quar.)
3-3
1
y';4-vI-:£''
30C
$1.25
y 4*.
3-21*:
$1.75
4-15
3-20
3-29
10c
4-2
2-28
1
$1
1
4-
3-20
1
4-
75c
—
4-
50c
——*——
Co.
3-15
y;;
1
4-
$1.12%
$1.12y2
preferred (quar.)——
preferred (quar.)—
—
Manufacturing Co., «lass A (quar.).
;-Revhfvld-Pottfir
Harrls-Seybold-Potter Co.. $5 nfd. (auar.)_
Co., $5 pfd. (quar.)Harrisburg Gas Co., 7% preferred (quar.)—
:H'art,- Battery,' Co., Ltd.--.iFire Insurance
4-
$1.2159
$1-2159
—
oemmon
Cobley Co, - Inc
3- 8
8-20
„
2nd
&
3-8
1
>.*'
■'
Harris
i
Hartford
4-
4-1
60c
—
■&%
Hart
3-15
3-15
4- 1
25c
preferred Cquar.)_———————
Corp.,
3-15
20C
"
preferred (initial)_!_—.—
Hanover Fire Insurance (N. Y.)
(quar.)
Harbison-Walker Refractories Co.—
Harnischfeger
1
25c
(quar.)
preferred
4-
v
rr**
$1.50
'
*
4V*%
K
75c
■
preferred (quar.)———
$2.40
(quar.)
1
ir'-'-U*
;-v' •
Trust-
I, preferred (irVeg.)—_—
Gulf Oil Corporation (quar.)
—
Bpecial i-u.—
Gulf Power 'Co., $6 preferred (quar.)
Hammermill Paper Co.—
3-30
3-13
1
:"i 4-
70c
—"
Investment
4-
.550
Shares
*:
1
AJ;
Series
,
4-15
4-
'
(irreg.)
Hallfe Erds.i
'**
'
Guardian Public Utilities Investment,Trust-r
Rail
:
$3
(N. Y.)
(quar.)—.
Trust—
,v.;
(accum.)
preferred
$1.50
$$4
.
—
Preferred
6-25
9-25
North America
Guardian'Investment
1
1
7-
$1.25
(quar.)
Trust
3-25
.
10-1
$1.25
Quarterly'
-*'■
1
;
3-14
Hartman Tobacco*$3
preference
Brewing
Co
non-cum.
Harvard
Haverhill Gas Light
(quar.) —-i—.«
■
Haverty Furniture Cos., Inc.—
$1.50 preferred
(quar.)—
—
Glass Co. (quar.)—
Helena
Rubinstein, Inc.™
———
Helme (George W.) Co., common-.—.——
Motors
Hercules
preferred
Holland
1
3-
9
4-
1
3-
9
3-30
Corp.
Go.
100%
Co.
15C
Inc
Hardart
La
Houdaille-Hershey
Household
-'
Finance
preferred
.
Howel
10c
Ellectrlc
Hummel-Ros
6%
par
Fibre
preferred
value stock—
Co.
3-15
3-
9
3-
%
9
5-21
25C
6-
1
25c "
"
9-
1
8-21
1
11-21
124-
1
3-22
5-
.
1
4-15
4-1
$1.75
3-21
4-15
25C
3-29
1
3-20
4-
56'Ac
.
4-15
3-30*
93%c
common
(quar.)
Motors
3-16
i*
4-1
$1.75
4-15
3-30*
15c
5-22
5-
7%c
4~10
3-25
1
5-17
35c
-
Huron Holding Corp.—
new
3-15
1
25c
(N. J.) (quar.) —
Inc..——————
$2.25 preferred (quar.).
Corp.,
4-
$1V,"
25c
....u—
Baking
Salle,
1
1
1
4-15
;£4*;XK
:S4-
25c
-
do
4-
50C
(resumed)
3-23
4-
1
30c,
'
4-16
1
5-
$25c
(quar.).
(quar.)....
4-
$1.25
,
Herder's,
3-23
3-29
4-15
25c
H.)
Ball & Bearing Co.
1
4-26
31'Ac
,
1
4-
3l%c
SPAc
(stock
3-20
4-
*4-15
25c
(quar.)—
(quar.)
$1 class A (quar.).^^—.i———
On
3-25
4-
4-10
Co., Ltd. (quar.)
Holme (George W.) Go., common (quar.) —
7%
preferred
(quar.).——
.'
Holt (Henry) & Co., $1 class A (quar.)——
$1 tlass A (quar.).
—
Hotel
3-22
3-15*
3-30
Furnace
(D.
Horn &
1
1
4-'l*; «
4-10
dividend)
Hibbard Spencer Bartlett & Co. (monthly) —
Hickok Oil Corp., 5% preferred (quar.)
Higbee Co.,! common (quar.)—
5% preferred
(quar.)
—r—
Hinde & Dauch Paper Co. of Canada, Ltd.—
■Quarterly
^
Powder
Hercules
Hoover
,
mp.
'Extra
Holmes
4-
$1.25
6V4C
Herhrand; Corp.
5%
1
3-22
4-
37 %c
50C
4-
1
$1.75
(quar.)—Jtl.75
?■ 12 %c
(s-a) —
------ :
preferred
•.
4-
40C
i.
3-22
4-16
5c
—
Co.—
Hazel-Atlas
3%%
4- 1
4- 1
4- 2
4-20
14-1
4- 1
3-23
'
250
3-30
Guantanamo Sugar
3-15
4-15
4- 1
$1:50
—
Power
General Baking Co.,
4- I
4-1
50c
—.....
Co.
General American Transportation (quar.).—
General Aniline & Film Cprp. class A (irreg.)
4-15
*;<
•
preferred (quar.)___—
preferred (quar.)
Gemmer Mfg. $3 partic. pfd. A (quar.).—
General American Investors Co., Inc.—
$4,50 preferred (quar.)—.—.
4-15
—
...
Dravo Corp., 4%
—...—a—
5%%
1
4-
7-25
1
Guarantee Co. of
4-15
class R ^conv.^^;pfd. (quar.)_.i
Co., common (quar.).....
B
.
3-16
4- 1
4- 1
4- 1
Class
7-25
3-15
'
3-30
5%
4-15
,'54
Dow
Co., Ltd. ;(quar.)
Co.,
1
93%C
Griggs Cooper & Co.—
5% 1st preferred (quar.)——
5% 1st preferred (quar.) —
5%
1st preferred (quar.)———
Group Corp., 6% preferred (acciniL);.-—.*
E-16;
3-3D
4-30
Gatineau
8-
4-1
4-
5V2%
3-15
3-15
8-18
6-15
4-1
$$3
Gannett
4-15
4-
"
25c
(Robert)
1
$$3.75
Griesedieck
3-16
7-1
10- X
4-18
(quar.)—.
class A .iqfi&t.)
4- 1
-
(quar.)...
com.
Co.,
5-1
$$1.75
37V2c
27%o
$35c
50c
Galveston-Houston "Co* (quar.)
—
Rqckaway RR. Co.. (s-a)
37y2c
25c,
$50c
Fyr-Fyter Co.,
.
preferred
,
—
Canada, Ltd.
Gair
iPreferred (quar,)w——i^_.-__-____-_.
&
—
(quar.)
4-30
$$1.75
:4-15
Malting Co., common- (quar.)
t20c
5- 1
•-MOommon
(quar.)
$200
8-1
6%
preferred
(quar.)..—
ZZ271ZZ s, $$1.25''' 6-1
Dominion *,Oilcloth' & Linoleum
(quar.)
$30c
4-30
Extra j—
$10c
4-30
Dominion Tar &
Chemical, 6%% preferred—
$93c
; 4- 1
Common
(quar.)
$25c
5-1
J-Voting trust certificates (initial).
$25c
5- 1
Dominion Textile Co., common
(quar.)
$$1.25
4-1
i-1%
of
J.f, Ltd., 6%
Trust
8-
30O
3-15
■,
3-20
3-15
3-15
3-30
3-16
pfd. (accum.).^.
Fulton
Dominion
Dover
(quar.)
(George A.), 4% conv. pfd. (quar.)
Fulton Iron Works Gov 6% non-eum. pfd....
5- 1
f$1.25
4- I
4- 1
4- 1
4-1
4- 1
4-1
4- 1
4- 1
*4- 1
15c
75c
$2
25c
183/4C
Fuller
5- 1
...
$$1.50
4-25
*4- 1
4-30
Fraser
4-24
,
4-15
.
.
3-15
(quar.).
-—
4-15
*4-25
Second -cumulative preference
(quar.)—..
t37V2c
Dominion Foundries & Steel
(quar.)„$35c
Glass
com.
4-1
4-15
,
-7%
Co.
Ltd.
(A.
1 5$
20c
$1.25 participating pfd.
(quar.)——
Participating
-—.——
—
,3-20*
3-25
'■h$2.20'':iweferredi^quar.)....-^ii-^w.-.*'t-. 55c
4- 3
5-1
*
4- 1
Process Co..
Co.,
Freiman
4-3
—...
Co.,"class A pfd.
Froedtert Grain & Malting,
.
f$1.2$
Dixie Cup Co.; Class A'
(qtiaiv)—~62%C
Dodge Cork Co., Inc. (resumed)—
i;.
ioc
Dwne; Mines; •Ltd.^^.i^.-..——': *■ $30c
Dominion
Dairies, Ltd., 5% pfd. (quar.)
$43c
Dominion, Engineering - Work3, Ltd.—
$$2
Dominion-Fabrics, Ltd., common (quar.)
$20c
;,6% 1st redeemable pref. (quar.)-.
$75c
Dominion
Franklin
4-20
9- 3
$3
'
Foundation
4-24
5-
300
$$1.75
$$1.75
Greenwich Water System,
8%
preferred (quar.)
3-20
3-15
4- 1
4- 1
-.preferred
Fraser
1
3-15
Guardian
25c
preferred
4- 3
50c
Kleiser
6% preferred (quar.),
4- 1
4- 1
5-
30c
Co—————
Greening (B.) Wire, new common (quar.)..
Greenwich Gas Co., common (irreg.)
5-20
8-20
11-20
3-21
3-30
*12%c
75c
—
3-23
1
t
Haloid
Gas,
4-20
4-
$15c •"
1
3-D
4-1
4- 1
3-31
I
31 %c
Green (D^)
4 4- 5
4--1 ^ 3-15
6- 1
9- I,
12-1
4- 1 •
4-15
$1.18%
50c
A
-
&
&
8-15
50c
Diamond
Di
—.—..i
B
W^heeler Corp.,
6%
•10
62 %c
4-
7%
Co.—
class
Foster
4-15
Cquar.50c
5% preferred (quar,).
50c
Devoe &
Raynolds, Class A (increased)
20c
<
Class B
(increased)..—
10c
Dewey & Almy Chemical, $4.25 pfd.
(quar.)
$1.06y4
preferred
Co.,
Foster
1
Detroit-Michigan Stove Co.—
u5%
Utilities
...
(quar.)„
Wayne Corrugated Paper, common——
AV2% conv. preferred (initial)
7-1
6-28
9.09%
4-
4-20
5
3-18
Quarterly
Great Western Sugar Co., common—
3-20
4- 1 ;
1
4-15
jv$7*preferred (quar.)-.;
—
Great West Life Assui»nce Co^'tWinrrtpeg)*--
I
17%c
17%c
17V2c
$1.50
$25c
preferred (initial quar.)
Shoe
-
*
a
Fort
4- 1
6-
50c
(quar.)..—
1
4-1
$l.l2,/a
$1.12%
J
Yard
■
50c
62y2c
Ltd. (initial)
Forbes & Wallace, Inc., $3 class A (quar.).
Foreign Light & Power Co.—
8%
1st preferred (quar.)
Foremost Dairies, Inc., common
6%
preferred
—
Fort Street Union Depot (s-a)
.
Denver Dry Goods
Public
$1.75
$250
Guaranty
$20
(quar.).^
(quar.)
8% preferred
(interim)
Foothills Oil
4- 1
4-1
$3
>
(quar.)
Hie.
3-
I
4*
$25c
3-16
4-15
3" 1
4-1
5-1
25c
(accum.)
A pref.
cl.
$2
v$2 Class B preference (accum.)
Great Lakes Power Co., Ltd.—
..
75c
Co.
(N. Y.)
Stores,
preferred
Class
7-10
25c
"
&, Rubber
7%
4%%
4-1
.
(quar.)...
(quar.)
Floisheim
4-10
25c
■v
-
...
preferred
preferred
Florida
4-1
3-30
$3
Fran-*
3-11
4-1
$$1
:
3-29
8-15
1
306
Lahes Paper,
Great
8-16
(quar.).
(San
7%
1
30c
—
Co.
Flambeau Paper Qo.,
Fleet Aircraft, Ltd.
4- 1
5c
Tire
National
7%
4-2
.....
com.
Fitzsimmons Stores, Ltd.—
1
.
Pinna
*
1
4- 1
4- 1
'
Firestone
4- 2
Long Hook & Eye Co., new (initial)
Decker (Alfred) & Cohn
4-
$2
(quar.)......—...
Insurance
First National .Baiik
First
4- 1
4-25
$6
,
,
3-15.
If
4-
$62 %c
(W. R.) Co., common——. —
3% %
preferred
(quar.)
—
Gray Drug Stores, Inc., common (quar.)——
$2.20 preferred (quar.)
Grayson-Robinson Stores (increased quar.)
Great American Insurance (N. Y.)
(quar.)
;
15c
25c
$1.50
4- 1
4- 4
—
Extra
3-15
3-15
3-29
3-31
3-15
4-15
4-1
3-29
4-
62 %C
..
Grant
3-30
3-30
'
3-18
•
4-15
$1.50 4
Quarterly;:*
.,
3-15
3-20
3-21
•
4-15
25c
(N. Y.) (quar.)........
(Los Angeles)
(quar;).
....
3-
8
4-15
«
•'
8-81.
'
—
3-20
-
4- 1
'
:
i
3-18
5c
Graham-Paige Motor Corp.—
■
5%
preferred A (quar.)..
8% cohv. preferred (quar^.^.*i..*ii»».rf
Grand fi Toy, Ltd. (interim) —....——
Graniteville Co. (quar.)
'Extra
•
4-25
4-1
y 3-20
: $1.50 ^::4- l
preferred (quar.)
...——
Hosiery Co., Inc. (quar.)
Goulds Pumps, Inc., 7% pfd. (accum.).'
Grace National Bank (N. Y.) (stock div.)—
3-14,
3-14
8- 9
3- 9
3- 9
-;-44*-l.^
3-13*
1
1
n*
$1.12%
5%
■
4».'l
44-
■
(quar.)
(quar.)
3-13*
'
40c
$2.50 pfd.
3-13
i
$1.75
,
1
;
1
!66%o
:
3-20
u4-
1
4-
■
of
3- $
4- 1
$1
De
Decca
1
871/aC
(s-a)
com.
(quar.)..;
Co.,
4-
r
25c
....
De
(A.)
4-
$1.75
-
...
Dayton &, Michigan RR.
*
—
Davenport Hosiery Mills, Inc., 7% pfd
4-1
Stores
...
common
Inc.,
Bros.,
6-
f>-4* t'i
40c
Gotham
>
/
$2.50
Co.,
■
40C
Goodyear Tire & Rubber Co. of CanadaCommon (increased quar.)—————-
8-16
11-15
$
4- 9
4-25
Curtis
u
,
common—
5-25
3-22
V4h V '
$1.25
Stcck Telegraph
5-17
$1
4-1'
20c
4-1
37y2c
4-1
37%c4-
Fashion-Craft, Ltd^- Efk
25c
*
4- 5
4- 1
4- 1
4-1
.*
...
3-20*
(quar.)
(quar.)
prefer red
(quar.)
Cuban-American Sugar C0._
1%
preferred (quar.)..1%
preferred (quar,).
Cotton
,,.-
1
8%
{
,
4-
*
4- 1
4-15
4-1
"'E«iiltless---Rubber,,-^ro,50c
Fedders-Quigan Corp....
......
10c
Federal Insurance Co. of N. *f.. (quar.) A.
35c
Federal Services .Finance Cgrpvss,
t
;^Jr
Common (quar.)
-i.__
60c
6% preferred (quar.)
_i
$1.50
Federated Publications, Inc..,.
25c
t&teiltP- ■■
,
'4-1
25c
.
Zellerbach. Corp. (quar.)
Forster Insurance Shares
Dan. River
(quar.)—.
....
40c
&
Common
Co. 6% pfd, (quar.)
Creamery Co., com.
5c
Co., Inc.
(s-a)
—
Razor, $5 pfd. (quar.)
Co.
(quar.)...—_
State
Goldblatt
3-15
5-30
25c
87 %c
Insurance
Golden
8-15
•
75c
3-15
3-21
3-22
'
3-18
3-18
3-15
;L; 3-15
3-31
'
3-31*
%
3-31
3-15
3-22
4- 5
3-22*
3-22
"8-22
f*'3«25
3-25
3-14
3-14
3-14
4-20
$1.25
$1.50
convertible
&
3-15
*
quar.)—_
8-20
■
4-20
4- 1
25C ;
preferred (quar.)
7% preferred (quar.)
Godchaux Sugars, Inc., class A (quar.)—.
$4.50 preferred
(quar.)
Goebel Brewing Co.
(quar.)
Gold & Stock Telegraph '(quar.) —'———
3-8
3*15
e"5VX>)
250
Globe-Wernlcke,
8-20
;^8-l3
3-14
-20c^;-:4-1-5
3-14
25c ^ 4-1
3-14
r65Cf ;4«1>
8-11
$1.50vW. 5- 1
4-19
25c
4-1
3-14
—
.4%
preferred
(quar.)
Family Finance Corp., common (quar.)
:
$1.50 preferred A (quar.)._ji
$1.50 preferred.B (quar.)
Farmers & Traders Life Insurance, Syracuse
3-19
...
V67f preferred (quar.)
Crown Cork International Corp.—
\ SI Class,A (accum,)*
Seal
....
preferred "(qtiar.)—.
Corp.
Extra
3-22
4-
40c
:
1
4-1
,
$1.50
5%
Corp. (quar.
Qrompton & Knowles Loom Works—
Cork &
•—
Fairbanks
3-22
4-
$1.50
of. wheat
Crown
Co. '(quar.)^^-.-——
,
$1.31'/*
3Ve% preferred, (quar )
Corroon & Reynolds—
i. $6
conv.
preferred A (accum.)
3ottrell (C. B.) Sons, 6% pfd. (quar,)
Jourtauld's, Ltd., Ord. Reg. (final)
Crown Drug Co.
Extra
Fairmont
4-15
25c
62y2c
$1.12Va
60c
Ex-Cell-O
Qorning Glass Works, (N. Y.)—
Sream
,
Glidden Co.,
Falls
'
i^tAl
1
4-
25C
%iMV*
—
3
3-15
:
fS<
.......
(quar.)
(increased
Co.
Gillette Safety
3-21
8-21
75c
$1
4-ll
$1.25
4- 1
$1.37y2
'4-1
$1.50
4- 1
Erie Railroad Co., $5 pfd. A (quar.)—$1.25 A
6-1
$5 preferred A'(quar.).———
:•••?,.• $1.25-" 9-1
ri$S preferred A iqaar.)
: $1.25
12-1
European & North"'American -Railway '(s-a)
$2.50 h 4- $
Eversharp, Inc., common (quar.) —30c
4-15
5-15»
...
preferred
Gin
Natural Gas
Art
4V2%
4- 1
4- 1
3-30
4-1
4- 1
3-31
4-1
5 4-1
4-1
Endicott Johnson Corp., common (quar.)—..
4% preferred (quar.).
Engineers Public Service Co., $5 pfd. (quar.)
$5.50
preferred '(quar.).......
$6 preferred (quar.l
....
———
3-15
a.:
99%c
„™
Common
.
4-1
.
.
preferred V(quar.)
Continental Foundry & Machine Co.—
Continental
4-1
3- S
3-15
3-11
4-1' "
*
Realty Associates, com. (quar.)__
- 30c
H. a
30c
Participating
....—10c
Emerson Drug, 8% preferred
(quar.).
50c
Emerson Electric Mfg., 1% pfd. (quar.) —2$1.75
Emerson Radio & Phonograph Corp. (quar.)
• 15c •*
Empire Trust Co. (N. Y.) lquar.)_..-i---__
75c
Emporium Gapwell Co., 7% pfd. (s-a)—$3.50
( Gommon-(Increased)
.......i.-—•
50c
6-14
4- 1
Glens
Light, $8 pfdi ^■aooum.)-.--$t.69---;>
Preferred-(i (quar.)
i
Gibson
3-1
4- 1
4- 1
75c
i 4- 1
Brewery
3-5
3-15
4- 1
75c
$1^75
25c
$1.25
(quar.)
4-
5-1
62 %c
(Rochester), Class A
Class * B;...... "i"1-'
* ;'*"
' "
Georgia Rower Co., $5* pfel^red^fquar.)
$6 preferred (quar.)
GerrardMS. A.) Co.,: preferred (s-a)——
Gilbert (A. C.) Co., $3.50 preferred (quar.).
•
8-22
3- 5
1
.
Embassy
3-15
$$2
'.
'
'
.
preferred
4-17
• *,
Gold
'
preferred
Paso
El
3-15
'4-1
*43%c
.
(quar.)
Lines
$3.75
;;'s-
4-1
-
Baking Co., $5.50 .pfd.
Continental Can-CO.,, Inc.—
3-15
4-1
25c
433Ac
"$1.75
'(quar,)——
Consumers Gas Co. (Torontd; Ont.)
,
.
(aooum.).-^w..w....——-.
(quar.).;
Co. (quar.)
Elliott Co;, scommon (quar.)^i.^
5%
preferred (quar.
&
El Paso Electric (Texas), $4.50 pfd, (quar.).
3-20
f-1;
.
common
^
4'A%
Genesee
4-10
3-31
'I
4-1
3 4* 1
*4*1
Bros. Stores-^—.
Electrical Products Corp. (Cal.)
Elizabelhtown Consolidated Gas
.
68%c
(quar.)
lOo
--$7
3-15
3-20
*
25c
\
$$1.20
% participating preferred
Electric Power &
3-15
4-1
$1.50
420c
Ltd., Class A
Steel
Xbc
—
Electric Controller It Mfg.
Electrid Household Utilities
3-15.
4- 1
4- 1
<
.
$1.25
(quar.)
preferred
preferred
3-29
8-11
90c ".4-1
(quar.)
(increased)
preferred
tquar.)—
Iquar.) —$1.06 J/4
Elder Manufacturing Co.;'^-common.—.*.JL
• 25c
6% partic. class A (quar,).—$1.25
4 V\
-
•,
,
Consolidated. Retail Stores, Inc.—
I
Stores
Electric Auto-Lite: ..i-.
•"-•••::
.
1st preferred
Consolidated Press;
5- 1
25c
.
8- I.
v
^
,
(accum.)
—i
Consolidated. Gas, Electric, Light & .Power
of Baltimore,
common
(quar.)
14%% preferred B (quar*)...—*
4% preferred C (quar.),.
„,i
Consolidated Grocers Corp., 5% pfd. (quar.)
Consolidated Machine Tool—
^
4-1
$1.25
■
preferred
''•$6
4-1
420c
Edison
3- 5
1
4-
75c
—
$2
Grocery
Investment Trust (irreg.)..Ecuadorian Gorpv, Ltd,
3-20
4- 1
25c
..
Connecticut Light fe Power (increased)
Consolidated Bakeries (Canada) (quar.).....
s
Economy
Economic
is
........_™—
3-15
4- 1
750
Common
.
;
3-11
5-15
,$$1.25
i
3-11
T"4A:1 "«
20C
(quar.)
>
4-1
25C
$1.50
i
5-'1 '
J '
4- 1
4- 1
4-1
4- 1
4- 1
"
50c
• $1.50
preferred' (quar.).....—_a-.—$150
■$2 convertible preferred f(quar.)i....--.-.
Eastman Kodak Co., common (quar.)—i——
12-10
$$1.50 :• 12-15
$1.75
4-I
; $3
preferred (quar.)
Connecticut General Life Insurance Co.—
"Quarterly
8%
preferred' B • (accum.)$1.80
Eastern Steamship Lines, Inc., •com. (tiuar.)
•
25c-
6-10
..
i^QuarterlF^^w-^t-i-i--.-^-—£i
Conn (G,! C.) Ltd., 7%' prior preferred™.™/■•
•
5%
preferred
(quar.)
General Telephone Corp., $2.50 pfd.
General Time Instruments Corp.-*
■
8-15
8-20
9-20
12*9
8
3-15
25c
Railway Signal Co., com, (quar. )—
preferred '(quar.)——
General Steel Wares, Ltd., common (quar.)
.
4-
^ 3-15
4-1
250-
(quar.)
preferred
of Reo.
$1.25
8%
^
.
2nd
conv.
Boldere
Payable
Share
*
General
4-10
3-15
3-22
.
'
General Motors Corp., $5 preferred (quar.)_
General Paint Corp. $1 preferred (quar.)—
'
$1
4-25
4-15
4- 5
prior' prelerred;;(quar>)tt«^v--riiA;:$l.i23,4"::'':::4-v-i:
preferred (a^cum.)«.■.*<.«..•*...
——
J
75C
4- 1
Eastern Magnesia Talc Co.. Inc. (quar.).$1.50
6-29
f
Quarterly "■
•
$L50
9-30 '
v
Quarterly' '
»$1<60
12-21
Ekstem >Ma$sachuse'ttff Street rltyi GOi—
*
*
Jv
'
■'
3-11
4-1
5-15
8-20
4-1
Kama of Company
''i
When
Per '
'
'
1
"
of Reo.
; 4'/a %
.
4-1
,
$1.75
$1
t-™.™.™
$1,12%
• $1.'25
1767
Holier*
Eastern Gas & Fuel Associates—
'3-28
4- 1
$1,37%
$1.12%
$4.50 preferred (quar.)
Duquesne Light Co., 6% 1st 7>fd. (quar.)—
Eason Oil Co., $1,50 preferred-( quar. )——
*
5
4-11
$1.75
pfd. (quar.)
Commonwealth Water & Light Co.—
t h$6 preferred (quar.)™
.....$1.50
$7
"
,
(accum.)™—
Water Co., 5%%
'*%%
preferred:-:i(quar;)il^»w1.ak*..I^.^'.
DuPont (E. I.) deNemours 85 Co.—
3-14
Investment
When
Payable
'Bradstree't^Ihc^ife
'
3-27
4-1
'4-1
40c
Commonwealth
Kami of Company
C! Reo.
Payaule
Y.)—
■Quarterly
Cemmeicial Trust Go.
Per
Short
Boutert
1Tft«»
V
<S&ort
&. Trust
FltfANClAL^CttRONtCLB
&
SHE: COMMERCIAL
Number 4477
(quar.)
.
1
Corp.—
(quar.)™
$1.50
6-
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
■f^i
&
Huron
Erie
$$1
,
4- I
3-15
Laclede
Gas Light Co.
Lake St.:■ John Power
Corp.-—
$$3.75
75a
200
.
.-*—***
Common
preferred
(quar.).**.*«*
Series A (quar.)—:
Industrial Dank of Commerce (N. Y.)—
Formerly Morris Plan Bank of N. Y._—*
Industrial Brownhoist Corp.—
60c cony, ,1st
preferred (accum,;)—.
Industrial
Rajon Corp.,
Inspiration
common
Copper
Securities, Ltd.—
shares..!,
—,
Bank Group shares,
class A——*
Stock, and Bond -Group shares-.;
Interlake Steamship Co.*—
!—•
International Bronze■.
Common
6%
Powders, Ltd.—■
(quar,)..*•_
Button-Hole
-
.
:
Quarterly
,
■
.
4%
preferred
(quar.).
Co. <*>1
Nickel
4%
>
preferred
5%
Salt.Coy
!.-—*—!**.
International Shoe. Co.-,-.-
1
-
Electric
—-
—
—
Co.
Mabbett (Geo.)
7%
Mac
Andrews
$1.75
82^20
*.
—
—
Manning
Jamaica Public Service, Ltd., com. (quar.)—
1%
preference
preference
preference
preference
7%
5%
&
Moore,
Rubber—
5%
Jamaica
Water
preferred
$5
Jamestown
Jeannette
Jefferson
—.—
6% 1st pfd. (quar.)
Co.,; 7% preferred (quar.)
6%
"Electric
preferred
preferred
7%
Jewel
Tea
$1^0
:Co.L
Common
$1.75
_
50c
(quar.)———
(quar.)-:
Co., Inc., V/z%
$1.37V4t
——«
—
$1.50
$1.75
$1.06 V*
87VaC
-
*
preferred
(quar.)
johns-ManvUlo
Marlin-RockweU
Marshall-Wells
Marven's,
Maryland
Corp., ZVz% pfd. (<iuar.)—
Johnson Stephens &'Shinkle Shoe Co.—
Quarterly;-'—25a
Jones & Laughlln Steel Corp., com. (quar.)
50c
$% preferred A (quar,)^.---^.:—-———
$1.25
S% preferred B (quar.)
$1.25
jopltn Water- Works^^ C0;j 6% ipfd. (quar.)
$1.50
Journal Publishing; Coft of Ottawa, Ltd.—■
? Quarterly
$17c
7%
$6
(E.):. Sons 5%
preferred
Kansas
;
Kansas Pwr; &; Light
7%
—
-
Kellogg Switchboard & Supply Co., com.__
15c
3%
preferred/TquatJ-i-i*——iw-—*■,: "'$L23
Kelsey-Hayes WheelSi .50 conv. class,A (quar.)
37 Vic
Kendall Co.; 4Yi% ^preferred
(quar.)———
$1.12Vi
Kendall
Refining Co.k*k*-—*u-—--_
30c
-•"*
preferred
(quar.)
$1.50
Gold
Mines, Ltd
Keyes Fibre Co., 6% prior preferred (quar.)
Kidde
(Walter)
Kimberly-Clark
■
&
$1.50
25c
common"Tq"uar.")——
37Vic
Extra
;;
12^0
4V2% preferred (quar.)—
$112Vi
King-Seeley, Corp., 5% conv. pfd. (quar.)—
25c
Lake Gold Mining (s-a)
f2c:
Kirsch Co., $1.50 preferred
(quar.).
37V2c
Klein (D. EmU) Co, (quar.)™
25c
Quarterly
25c
■:; Quarterly
—™^' >
25c
Quarterly
25c
Knapp-Monarch Co., $2.70 pfd. (quar.)
67Vic
$2.50 preferred, (qUar.)——
62Vic
Koppers Co., Inc., common (quar.)
40c
4%%
preferred (quar.)fc ——k——$I.183A
Kresge Department Stores—
$4 convertible
1st preferred—
$1
Kroger Grocery & Baking Co.—
:.
:
6% 1st preferred (quar.)-—
$1.50
V 1% 2nd preferred
(quav.)————
$1.75
Kirkland
-
-
——_—_—
—
.
La Crosse Telephone^ Corp., 6% pfd.
La Salle Extensim tlniversity_.
(quar.)
;
>
Ext^a
■
(John), Ltd.
,
$1.50:
7V4<^
—
Labatt
Extra
.
——:
•
J25c
G.)
$1.25
25c
Co
(Del.)
$17ViC
Neisner
Standard
-20C
'25C
50C
$1.50
$$1.25
37 Vac
common-—:*——
Sugar
.
:•
J
(quar.)
,
Ltd., 6%- pfd. (quar.)
Corp.—preferred
Bros.,
New
London
Northern
New
Orleans
Public
T4C
Common
43 %c
New
43%C
Class
A
RR.
Co.
(initial)-*——
Newark
T—_
(quar.)—
$6
preferred Series
1940
5%
preferred
American
Mississippi
Shipping
preferred
Co.
(quar.)*
•
Gas
&
Electric Service
(s-a)——
Missouri
"
Mobile
Power & Light Co.—
preferred- yfquar.)
Gas-Service Corp.;-com.
4.90%
5Vi %
preferred
(quar.)——*
Containers, Ltd.,
preferred
6%
(initial quar.)—
pfd. (quar.)—*
$1.06 Y«
common
$25c
•
30c
50c
50c
;50c.
,
^
,ty
,
,
(
—
(quar,).—
:
(quar.)——
Extra
Missouri
new
50c
Class B
(quar.)
50c
C% preferred (quar.)_—75c
North Star Oil. Ltd., 7% pfd. (accum.)—*
J83/4c
*—
*
Bight Co.—
$6
Co.,
$1.50
25c
$1.50
Quarterly, one share Pacific Gas & Elec4 trie' common for each 100 shares North
pfd. (quar.)
(quar.)
Power,
$1
(quar.)_
j^orth-Araerican. Co.fjr
North
$5
Northeastern
Northern
50C
50C
.
-4-1
3-16
4-15
Extra
4-5
common (quar.)—
(quar.)_!—_——*!-!——
Water,
Indiana
25c
—'—,***——
—
Power
Co.
(Minn.)-—
(quar.)———————
$1.25
$1
25c
—*
$4 preferred (quar.)—
(quar.)*———
Transit
50c
——
—*
25c
25c;
Quarterly
—
Quarterly •. ——
—***—*■..
Northland Greyhound Lines, Inc.—
$3.75 preferred (quar.)—.
Northwestern Electric Co., 6% pfd. (quar.)'
•
l6c
35c
62V8C
4-15
4-5
4-
1
3-21
4-1
3-21
7%
93%c
$1.50
$1.75
preferred
(quar.)—
Northwestern States Portland Cement Co.—
.
$2.50 conv., preferred (quar.)*
Northwestern States Portland Cement Co.—
rQuarterly.
Norwalk Tire
•
Si
Rubber Co., 1%
preferred
;40c;
87Vic
preferred-
—.—$2
(quar.)
Co.
$$1,50
,50c
(quar.):
Corp.- (quar.)—*y—-—-—
Ogilvie Flour Mills, common fauar. t
—:
Ohio Cities Water Corp., $6 pfd. (accum.) —
4.40% pfd. (quar.)**——* *
.
Ohio Edison" Co.,
,621/2C.
Co.—
Scotia- Light- & Power
Novadel-Agene
s
—;
*
Norwich & Worcester RR.
8%-
_*!—!_
Co
preferred
Nova
(quar.)—)
Tex^s
Northern States
.
Mississippi
(N. Y.)
!;4 Ve %' preferred (Initial -quar.) i—y.**—**
—
it
Co.
North American Rayon, class A
preferred (quar.)——_—
Mickelberry's Food Products—
$2.40 preferred (quar,)—
Midland Steel Products, common (quar,)—*
$2 dividend shares (quar.)—
8%
preferred
(quar.) ——Midvale Co, (quar.)
—
*——
Midwest; Piping St Supply Co., Inc. (irreg.)
Miller Mfg. Co., conv. Class A
(quar.)!—
Miller-Wohl Co., common (increased)
5%
conv.
preferred (quar.)—
Minneapolis, St, Paul St Sault St. Marie-— »
Power
$1
97V2C
Niagara Wire Weaving (quar.)———
Nicholson File' Co. (quar.)
Nineteen Hundred Corp., class A (quar.)—*
Class A (quar.)—
'-Class A (quar.)—**——-
prior
Minnesota
Co.—
(quar.)——
Newport Electric Corp.,
Newport Industries—
' '
(quar.)—
35c
$1.18%
—
*—
Louis RR.
Telephone—
(Ohio)
Newberry (J. J.)
Metropolitan Edison. 3.90% pfd. (quar.)
Meyer Blanke Co., 7% preferred (quar.)
Michigan Public Serv. Coi, 6%
45c
$1.45
$1
$1.75
$1.75
preferred (quar.)
6%
r
Acceptance Corp.—
(irreg.)
$1.50
50c
(accum.)
& Light—-
preferred
New York Trust
'
6%
preferred
3.90%
$1.183/4
112c
Inc.—
Service,
*——
Chicago & St.
Nev; York Power
Merck & Co., Inc., 4Va% pfd. (quaf.>*f—*
4 V2 %
preferred
;
5V4% preferred (quar.)
"5%
preferred
Mercury Mills, Ltd, (increased)
—;*
Mesta Machine Co.' (quar^
—
-
York.
6%
$$1.50
(quar.)
preferred:^ (quar.)„
434%
43%c
Corp., 6% pfd. (quar.)_
Co., class B (quar.)
&
53'/aC
L2Vic
VX
Inc.—,
4%%
conv.
preferred
(quar.)
New Brunswick Telephone, Ltd.
(quar.)—
New England Power Association—
: 6%
preferred
(accum.)
—*
$2 preferred
(accum.)—
New Hampshire Fire InsuranceIncreased
quarterly
New Haven Clock Co., 6V»% preferred
New Jersey Power & Light. 4% pfd. (quar.)
New Jersey Water Co., 7%
pfd. (quar.)—
y 15c
»
,
*—
**!******
■*—*«—i***-—*
30c
$1.50
50c
XZV/2C
35c
$L
$1.12Va
—
Co. (quar.)**—
*
(increased)—
Refining Co.—
National Supply Co., $2 pfd. (accum.)——
:
4J/a% preferred (quar.)
National Tea Co., 4'/*% pfd. (quar.)
Nehl Corporation lL
—
&
—
Merchants
Modern
—
(quar.)
National
Robbins, $4 pfd. (quar.)
McQuay-Norris Manufacturing Co. (quar.)*
4% %
preferred ; (quai%)*—*_!*—*—
Mead Johnson & Co.; new (initial q(iat.)
r**
-
.
conv.
(A.
McKesson
f5c
Co.™—
Corp.,
preferred
3Vfe%
$1.75
15c
Col.; 4%% pfd. (quar.)
;—
Cooker
Shops
com.
National Steel Car Corp., Ltd.
McDonnell Aircraft
Katz
Kentucky Utilities, 6%
Pressure
Shirt
National
—*—
17%:;preferred (quar.)-
$1.25
$1.12Vi
Drug Co., $4.50 preferred (quar.)—$1.12Vi
Department Stores, Inc.
40c
Kaynee Co.,
preferred (quar.) —' $1.75
Kearney (James R.) Corp. (quar.)
12Vic
Kellogg Co.
(quar.)
25c
(quar.)
20c
U5c
137Vic
$1.50
y 25c
-
McKee
-
(quar.)——
Co.
$6 preferred
■
$1
$1.25
$1.50
——
50q
\ 50c
—
National
McCrory Stores
common—
Gas
National
$20C
McCaskey Register Co., 4V2% pfd. (quar.)*
McClatchy Newspapers, 7% pfd. (quarj—
Kaufmann
Kerr-Addison
Fuel
2c
.
-—*;*—
Co.
Box
National Linen Service Corp.,
National Paper & Type Co.—
5% preferred (s-a)
—
McColl-Frontenac Oil,
(quar.)
$5 preferred (quar.)
—
(quar.)*
Grocers Co., Ltd., common!
preference (quar.)
—
National Lead Co., 6% Class B pfd. (quar.)
,
Trust
25c
2c
2c
National
——
$1.50
City Southern Ry. Co.. 4% pfd—
'
5% pfd. (quar.)
$6 pfd. (quar.)
Kansas-Nebraska Natural Gas,
National
(quar.)
62Vic
Electric Power Co.,
preferred
Folding
15c-
*
———
-
National
preferred (quar.)—
preferred (quar.)_
Co.,
(quar,)
—
6%
Investors
—
Kansas Gas & Electric Co.,
7%
Drydock
preferred
(quar.)—
preferred B (quar.)
Kansas
Quarterly
—
*■;
Corp.
5%
Welding
Quarterly
National Fire Insurance (Hartford):
yf $1.75
22c
(irreg.) —
Massey-Harris Co., Ltd., common (initial)
y
$25c
McAleer Mfg.,
conv. preferred
(initial)— .3 47/lOOc
McBee Co. (initial quar.)
10c
Kansas City Power & Light Co.—
•
National Electric
$1.50
—
Co.,
Ltd.,
Massachusetts
—
Kahn's
(quar.)
preferred B (quar.)
Martin-Parry Corp.~:
Market Basket, common
*v preferred seriea A:(quar.)
25c
$1
*.
Chemical & Manufacturing
Co.—•
Quarterly
—*.—*—*——'-j—
National Department Stores
(quar.)—
Inc
7%
_
Jersey Central Power & Light—
SVa% preferred (quar.)-*—
:
$1.25
—
National
—
—
**.
Telephone,
Glass
^
.
(quar.)_—_;
•
National Cash Register Co. (quar.)—*—
National Casket Co., Inc., common—
—*
—
117c
125c
37Vic
25c
• 30c
15c
150c
National Bond & Share Corp. (quar.)
*
National Breweries, Ltd., common (quar.)—
1% preferred (quar.)—44c
Mansfield Tire
- ?i*
»:**■ r
6%
preferred v(quar.)—*-*^**A*—*i4ii
Trust Co. (quar.)y.*—*.
Mapes Consolidated Manufacturing Co.—
Increased quarterly
Maple Leaf Milling, Ltd. (initial)***!
Marathon Corp., 6 % preferred (quar.) —*
Marchant Calculating Machine Co. (quar.)
Marion Reserve Power Co., S5 pfd. (quar.)
Marion Water Co., 7%
preferred (qufir.)—
Marsh (M.) & Sons, Ltd. (quar.)
—
Marshall Field & Co., 4'/2% pfd. (quar.)
Maritime Telegraph & Telpehone Co., Ltd.—
(quar.)
x$1.75
(quar.)--—-—xl%%
(quar.)
xlVi%
(quar.)
xiy4%
Supply Co.—
A
B
C
D
$1.62 y2
Manufacturers
—
1
61.25
31V4C
$12 vie;
&
Maxwell
*
*
Utilities, Ltd,, com. (s-a)Nathan Strauss-Duparquet—
1
6% convertible preferred (quar.)Natlon-Wide Securities Co., Inc. (Md.)
National Biscuit Co., common (quar.)
& Sons COi—
—
lc
$1.50
-
Nanaimo-Duncan
Forbes, common——^
6%
preferred (quar.)—
*-—
MacFadden* Publications, Inc., common—
$1.50 partic. preferred—*
Macmillan Petroleum Corp.—————*
Macy (R. H.) & Co. (quar.)
Madison Gas & Electric^ 6%% preferred—
Mahon (tt, 0.) Co.j $2 class A pfd. Xquar.)*
Mahoning Coal RR; Co. (increased)-——
Maine Central RR., 6% prior pfd. (quar.)—
$1.50
—
—
1st preferred (quar.)*—*——.
2nd preferred (quar.)—*—.
7%
lc
—
ZVkc
20c
(increased quar.)
——,.
15c
preferred (quar.)
$1.50
$6.50^ preferred (quar.)— *—!—*——
$1.62 Vi
$7; 1st preferred (quar.)*—
$1,75
Iron Fireman Manufacturing Co.-—
;
Common (quar,)—. 30c
Common (quar.^)—_—.
30c
Common
(quar.)——i.—,..
30c
Irving Air Chute Co! (increased)-**-!*-***
25c
Irving Trust Co. (N. Y.) (quar.)
15c
Island Creek Coal Co., common (quar.)
*;
50c
$6 preierred
(quar,)*—*———
$1.50
■:
$2
$1.75
75c
87Vic
r
.
;$2
25c
*
50c
$1.75
(quar.)
$1.75
(quar.)
$1.75
preferred (quar.)
——
$1.75
Murphy (G. C.) Co., 4%% preferred (quar.)
$1.183/«
Murphy Paint Co., Ltd., com. (quar.)
120c
5Vi% preferred (quar.)*
t$1.37,/i
Murray Corp of America, 4% pfd. (quar.) i
'
50c
Murray Ohio Manufacturing Co. (quar.)—
30c
Muskegon Motor Specialties Co.—
$2 class A (quar.).
50c
Mutual System, Inc., 6% preferred (quar.)*
37Vic
10c
——
2nd
$1.50
"62Vic
Telegraph
&
preferred
preferred
$7
30c
&
Telephone
$7
$1
$2
—
;
■
*—
15c
$0.59375
*
States
(quar.)
$7
$2
(quar.)—*
Lunkenheimer Co., 6Ms% preferred
Clock Manufacturing Co. (irreg.)
Iowa Public Service—
1st
>
(quar.)—.;
Chain
$1.75
$1.75
Mullins Manufacturing—
25c
Lux
75c
81Vic
preferred G. (accum.) —**_*«!.**.
preferred B (accum.)——.———
preferred. A (accum.)———
Iowa Power & Light Co., 6% preferred——
7%
preferred '■***-*—-—™——*-*__—*'
3.30%
preferred (initial: quar;)!!—*_*
Common
preferred
Steel
pfd.
Lyon Lumber COi—!**—
Light & Power Co.—
Co.
$3
6%
$2
15c
$1.25
50c
$1.75
125c
148c
155Vic
<
Lines—
Extra
Mountain
12 Vic:
*
Taylor, common (quar.)——*
: preferred'^quar—
Lorillard. (P.) Co., com. (Interim—
7% preferred (quar.)
Louisville Gas & Electric Co. (Ky.), com—
$5 preferred ($100 par)
(quar.)—.
y 5%
preferred ($25 par), (quar.)—****
Lowney (Walter M.) Co. (quar.)*^
;
40s/aC
6'/a%
■->' 86
(Thomas J.), Inc.,
8%
8c
43%c
>—,
'7%
.
25c
.
6%
»
$1.25
10c
Extra
ilJft
Iowa Electric Co.,- <7% pfd. A (accum.)
6'/2% preferred B (accum.)——-,
Iowa
25c
-_"»*—**
(quar.)—
(quar.)
$2.25
—
37'/2C
Lord
$75c
.—*
(hrep.)—
60C
(quar.)_
Co.
$2.25
;"$2.50 convertible1 preferred (quar,)—**—
Morrell (John) & Co. (quar.)
Morrison Cafeterias Consolidated, Inc.—
V/o : preferred
(quar.)
Mount
Diablo
Oil Mining & Development
Co.,
(quar.)——
——**«—
Wr,
:;
—
Moore-McCormack
Telegraph Co. (Del.)—
87Vic
1
■
,
.
4%%
cenv.
preferred
(quar.)—
Moore (Wm. It.) Dry Goods Co, (quar.)*—
(quar.)*
•
Ltd.—
pref. (quar.)__—
Jnc.****!^*;^-*--*-
Investors Mutual
:
;
——
Extra
8%
$1.75
35c
$1.50
25c
Telephone Co., $6 pfd, (quar.)—
Investment Co. of America (quar.)
convertible
****■———'—■*-
'
/
—
31V4C
preferred
Locke
45c
«—
$1.75
$1.12 V2
$1 conv. preferred (quar.)——
50c
$1.50
.500
Interstate
6%
preferred (quar.)
pfd. (quar.)—*
Lit Bros., 6% preferred (accum.)*—
Lock Joint Pipe Co., 8%
preferred (quar.)
Common
(monthly
8%c
—
Investment Foundation,
,
B
Oil
Lipton
International Silver, 7%
pfd. (quar.)
Interstate Department Stores, Inc. (quar.).
Investors- Fund...
.
$1
Ocean
International
4Vi%
—
Lion
$L75
;
(s-a)*——,*:—-———*.**"
Telegraph (quar.)
International
& Co. 7%
Corp.,
30c
Lipe-Rollway Corp., class A (quar.)
—'———
Canada, Ltd.—
Equipment Co.—
•
25c
$1.50
$1.10
3-15
I
3-16 |
4- 1
4-1
I
S-26**
;
4-1
>4- 1
———
62%c
(quar.)
Aircraft Products—
Class
Securities—
International-Ocean
Stores
■Quarterly
(quar.)——65c
Ltd., com. A
$40c
i
$$1.12Vi
yy 7%-preferred' ($100 par)
(quar.)--.!!**
7% preferred ($5 par)
(quar.)_———
Auto
$4.50
$4.50
25c
(quar.)*———*,
(quar.)—
Lincoln Telephone &
Class A
(quar.)
preferred
(qudr.)
International Milling Co., Ltd.—
International
(quar.)
(N. Y.) (quar.)————
.
Metal Industries,
4Vi%
8c
3-20
4-15
4- 1
12V2C
5%
preferred
(quar.)
'—J
Monroe Chemical Co., $3.50 pfd. (quar,)——
50c
$1.25 preferred
(quar.) ——;
Liberty Loan Corp., class A——**————
| Class . ■ B
—
ZTYzC
.
.
Monroe
.
——
t
!_*****.!!-**;,**----
International Harvester Col
International
10- 5
50c preferred ■———-*'——**■
Liggett & Myers Tobacco, 7% pfd. (quar,)*.
Lincoln National Life Insurance (Fort
Quarterly
Quarterly
■
20c
International Cellucotton Products Co.—
•>
;
,4-."l.8-11
—
Machine
Sewing
-
11-15
"
,
(quar.)—.—-
u*
*
25c
62 Vac
,
'
common (increased)-.
Corp
(Charles)
Liberty
50c
2%c
20c
25c
,
7* 5
Common
$20c
$37 Vac
'*
participating preferred
International
***
8-15
'
$$0.0383
$$1.75
$$1,25
Molybdenum Corp. of America (quar.)
Knitting Co., 7% preferred—
7%: pref,i (quar.)—
6% preference (quar.)_—
Monongahela Valley Water Co.—
7%
preferred
(quar.)
5
60C
:
•
25c
Lerner
_
25c
(quar.)—
preferred A (s-a)—
preferred B (s-a)———
$4 preferred C (s-a)——
Montana-Dakota Utilities, common-————
5% preferred (quar.)
Montgomery Ward & Co., Inc., com. (quar.)
$7 Class A (quar.)—
Montreal Loan & Mortgage Co. (extra)—Montreal Telegraph Co. (quar.)————
Moore
Corp., Ltd.* common (quar.)
1% preierred A (quar,!————
7%
preferred B (quar.)
———Moore Drop Forging Co.. aommon-i—.
Leich
30c
50c
25c
_—
kXk***!!
$2.50 preferred
25c
(quar.)
Consolidated
Group
4-
pfd.
Lawyers Trust Co.
Institutional
Aviation
Monarch
3-18
3-21
:
5%
Monsanto Chemical Co.—
Lehman
(quar.)
4-1
5-15
.
el Benf,
4- 8
7Vih
75c
$1.25
*
Mojud. Hosiery Co.,
4- 1
B
Leath & Co.,
preierred
4-23
125c
Boliertin
.
30c
Indianapolis Water Co.—
5%
3-22
0- 1
25c
—*—*—*
When
Payable
—:
Latrobe Electric Steel Co.
$1,31 V*
...—•
Corp
Co
4-15
50c
62Va(S
(quar.)*—*—
preferred (quar.) *—*————
6%
tiqueur
Rubber
Mohawk
—
& Sons (quar.)
Langendorf United Bakeries, Inc.—
;>$2- class: A • (quar,):*—-**w-.—
Class
Mohawk
(quar,)-
quar.)
$2.50 pfd.
•
3-16
4-2
$5c
Lang (John A.)
,
,
Hame ol Company
:
$50c
Paper—
(increased
Sessions Co.,
&
5c
—
(interim)
Co.
Lamson
tquar.)*
(irreg.)——
Per
el Lee,
Share
Holder*
'
Share
Landis Machine Co., common-.
Commoi.
—^u
.
Independence Trust Share*'-**.-*—.*, $0.0637
Indiana & Michigan Electric Co.—
' •
4V2% preierred (quar.)—
—**
$1*93%
Indianapolis Power •& Light (quar.)
30c
5Vi%
Name of Company
-
Lambert
Imperial June ^su.ance (Canada)
Imperial Paper & Color 'Corp.-—
Incorporated ■ Investors " —
When.
Payable
Per
,v;:y
Lamaque Gold Mines
5%
preferred (quar.)
Illinois Zinc Co.. (quar.)-*-*-***-**!.;
Shares
of Reo
***_'**-*
.
Independence
Boliert
Payable
(quar.)
Corp.
Mortgage
Huttig Sash & Door Co.—1
,6 fo
preierred ( quar. )**
5%
preierred (quar.)
When
Share
Company
Monday, April 1, 194<3(
•
<
——
f
2-22 £
2* %
\
plume 163
the Commercial &. financial chronicle
Number 4477
■;
"T:
io
(quar.)——.
(quar.)—
—
preferred
Co., common
prior
Leather
bio
6%
hie
ccnv.
(quar.),
preferred (initial quar.)
5% pfd. (quar.)—
preferred (quar.)
6% preferred (quar.)
'7% preferred (quar.)'..
_
—
hio Service Holding Corp.--* #
,
$5 non-cum, preferred (quar.)
hio Public Service Co.,
5%%
il
Gear
Colony
Id
Line
Life
'
Co.
Insurance
4-
3-20
X
3-20
4-1
Public
3-20
Steel
3-15
Puget Sound Pulp & Timber Co.,
4-
X
3-15
1
3-15
5-15
4-15
5-15
4-15
5r
3-30
X'
6%
'
3-15
3-18
4-
acific American Investors, Inc.—
45.50 conv. prior preferred—$1.37%
5%
Mills
5
3-15
4-1
v
3-15
X
4-
I "'
'
3-15
Reece
5-31
5-25
6-15
6-
4-15
3-26:
8
—
4-29
>
>4-20
4-15
3-30
4-5
1
4-
$31 %C
40c
4-
5
4-
X
pfd. (quar.)
4-15
__
4-1
1
3-25
4-1
3-20
4-
55c
4-30
4-1
4-
——_
J $2.80 preferred (quar.)——„—
3-15
1
5-15
4-15
5-
X
4-
4-
1
3-16
4-
1
4-
s
3-11
1
4-
70c
_
—
3-11
1
3-15
1
4-1'
3-15
,3-15
4- 1
3-15
4-'l
3-15
4-13
3-23
4-1
3-15
4-1
X
3- 4
X
5
3-11
$1.06'/4
4-
3-11
$1.06V4
4-
3-11
25c
4-
3-20
15c
4-10
3-28
*
4-25
$1.50
'
4-
1
5-1
12>/2C
4-
1
$1.25
4-
1
3- 1
$1.50
4-
1
3- 1
,4- 1
3-20
$L12%
.
4-
$1
3-20
1
4-1
3- 8
4-15
3-22
•
Plainfield Union Water Co. (increased quar.)
10-12
4-15
1
3-15
3-15
4-1
3-15
4-1
•3-11
4- 2
3-11
4- 1
3-11
4-20
3-11
4-
4-
3-15
4-
X
3-15
'-4- 1
4- X
3-22
3-25
4-10
3-20
62yac
4-1
3-15
$1.50
5-1
$1.75
5- 1
150
lOo
4-
1
3-25
$$1.50
4-15
3-20
$75o
4-15
3-20
_
Co., Ltd.,
45C
4- 1
3-15
(quar.")™"II
I
(quar.)
1
8%
Prosperity Co., Inc., 5%
$3c
3-12
4-
25C
3-12
1
4-15
3-15
(quar.)
preferred (quar.)
1
4-10
4- X
3- 1
$2
pfd.
4-15
3-25*
4-15
4-5
5-
;V $1.25;
.
10c
RR.
(quarTfrj™"
preferred
(N. Y.)
.....
4-
•
1
3-15
4-
$2.50
$$1.75
(quar.)
Public National Bank & Trust Co.
quarterly
4-1
56l/4C
'
3-20
$$i.37y2
Co
Worcester
7%
4-1
150
^ $$1.50
common.
(quar.)
Gamble Co.,
1
20o
•5-
1
4-20
4-
1
1
$1.12%
4-
1
5- 1
5-
1
1
Metals
Co.,
2
$1.50
4-
1
5- 1
2
3-15
4-
2
3-15
4-
1
3-26*
4-
1
3-26*
preferred
Brothers
$1.75
South
(quar.).
Richmond Water Works
6%
preferred
Metal
Inc.,
1
3-18
4-
1
3-15
9-15
7-
1
$1.75
V 50C
10-
X
vtc.
■: <'-
...
■4-10
'4:5c'- ;
■
25c
Increased
4iy40
4-
1
3-20
4:
4-10
4-4
/
4-T
4-1
3-20
Ruppert
3-20
4-15
4-5
4-
1
3-15
4-
1
3-15
4-
1
3-20
4-1
3-20
30C
4-1
(Jacob)
Co., 43/2%
pfd.
4-
1
3-15
$1.12y2
(quar.)—
4-
1
3-10
4-
1
3-19
4-
1
3-19
4-
San Francisco Remedial Loan
San
Assn.
(s-a)..'
Works, common (quar.)...
San-Nap-Pak Manufacturing Co., Inc.—
;.7Oc
preferred
(quar.)...
Sangamo Co., Ltd, (quar.)..
Sangamo Electric Co..
&
Atlantic
Scranton Electric Co., $6 pfd.
Securities Acceptance Corp.—
Common' (quar.)
preferred Class A
4-
it*
3-11
(quar.)
A
(quar.)
Sun
3-23
Wholesale
$1,50
4-
1
3-20
'
$1.25
(s-a)
$2
1
3-15*
—
4-
$1.50:
3-15
$1.25
3-15
4-15
4-11
$2.50
4- 1
3-22
$1.13
4- 1
3-15
$1
3-11
4-30
6- X
.$$1.25
50c
lO^Oj
756
3-20
4-1
$1.75
4-1
——
3-15'
4-1
$$1.87%
4-1
3-15
93%c
4-15
3-30
:'£ '
....
■;
&
:
4-1
75c
'
31%d
4-
1
3- X
•
3-2X
3-21
'4-10
Acid
6-11
15c
6-
4-
$50c
3-20
1
4-
1
3-16
1
6-15
6-29
$1.25
9-30
9-16
$1.25
12-31
12-16
5-1
4-
5-1
4-8
6-12
$75c
6-
1
$75c
25c
Wells
Chemical
$1.25
Corp,
Corp.,
4-
—
-
-
3-19
1
5-1
pfd.
8-31
11-30
3-16
4-
1
4-
1
3-15
4-1
7%C
3-15
13 %C
43
4-1
3-15
4- X
3-22
'■
25C
■
$1.25
4- 1
3- X
31%6
5-15
5-
"
$1.13
(quar.)
(initial)
—
4- X ' ''
3-18
4- X
-
3-18
56
(quar.)
4-15
4-
7%c
.
4-15
4- 5
3-15
3-16*
4.-1
$$3,75
$$3,75
4-15; ':;S;
26C
.50
30c.
^4-:.l£;'
40c
4-1
25c
;
-
(quar.j
4- X
3- 7
£4*1;;
4-1
3- 1
1
3-10
4-
4-1
4t15
3-15
3-15
/•
3-15:;
*3-30
4-
1
3-11
$1.25
4-
1
3-15
636
4-
X
3-15
'"
Instrument
Gold
"
:
4-
1
(John R.)- Co.
(quar.)_—
Thrifty Drug Stores, common
4% % preferred A (quar.)_——
$1.37%'
$1.37 %
4-X
3-19
$1.12%
4-
i
3-12
3-15
4-15
3-8
3- 8
,
25c
4- X
3-15
$5c
6-
1
4-23
$1.75
4-
1
3-15
'
10c
10c
£
3-22
4- 4
4-
1
-
"5-
$1.50
x;
3-
1*
3-19
4- 1
$1.50
-
3-15
4.r;,'X£
50c £
•
4-10
5-1
4-10
30c
4-15
3-30
10c
4-
1
4-
1
3-16
-.'31%6
4- 1
25c
5-15
U 3-15
U 5- 1
$1.75;
•
5
-
3-16
-
25c
■
—
—
Stores, ' Ltd.; 3%% 1st preferred—
6%%'conv. 1st pfd. (quar.)
Thrift
6
3-15
1
4-
...
Do^;6% fpfd, ;iquar^-——
^ Textiles, Inc., common (q,uar.)——
4% preferred (quar.) ——
Textron, Inc., 5% preferred (quar.)—
3-
5-15
20c
$20C
2- 4
3-16
?
1
$62%c
$62Vac
Water
Thompson
4-
1
3-20
v
4- .1
56 %C-
5
3-15
3-20:
§£-4-.:X£
10c
—
'■
5- 1
62%C
4-
3.
4-1
$1.25
|
'
1
$3c
Cos. (initial)
Mines (interim)
Telluride Power Co., 7% preferred (quar.)
Tennessee Products Corp., 8% pfd. (quar.).
Terre
Haute
Malleable
&
Manufacturing
-Corp.- (quar.) :
^
——
Texas Co.,
(quar.)..—.
Texas Electric Service, $6 pfd.
(quar.) —
Texas Power & Light Co., $6 pfd. (quar.)__
7%
preferred
(quar.)
Texas
4-
$1
—
—
1
5
of Canada—
Teck-Hughes
4-19*
4-
Taylor
4
•
15c
common
Co.
9-12
12-12
87 %C
(quar.)__
Tamblyn (G.) Ltd., common (quar.)—
Preferred (quar.)
4-19*
5- 1
1
25c
common
—
_
8
25c
Taeony-Palmyra Bridge, 5 % pfd. (quar.)..
Taggart Corp., $2.50 preferred (quar.)_____
Talcott (James), Inc., common (quar.)
4% %
preferred (quar.)
Talon, Inc., 4% preferred (s-a)
3-13
4-12
3-20
-4-^
$1.25
*
—
$4 preferred (quar.).
Sylvanite Gold Mines (quar.)——
3-16
3-30
'
4-15
:
1
4-24
5-15
31JAc
—
—-i——
Common
£
3-20
•
; 4-ia 1
JlOc "
Increased %uarterly
Superheaterf Co.: ;(quar.)——-
3-20
1
4-15
:0;O-' X: £•;
$25c
6-15
4-
256
8-15,
3-15'
:
3- 6
4-
62 %6
4-1
■J 50c
——
3- 6
3-30
5c
5-15
9-16
(quar.)....——__—
6
£4- 1
-
6-15
$1.25
.
Served Inc., $4.50 preferred (quar.
3-30
60c
Sun Life Assurance
.3-22
'
(quar.)
4-15
1
Sylvania Electric Products, Inc.—
1
'
4-15
$1.50
$10c
Phosphate
Ltd.
Bros.,
Sun-Kraft, Inc.,
30c
preferred
3-15
1
......
2-15'
5-
•
3-22
4-
-
3-16'
3-1-46
....
3- 6
4-
Seiberling Rubber Co.^..i<..._.„_____^_.„
;" 5%
class A preferred (quar.)
$2.50 conv. preferred (quar.)__
4-10
40c
$$2
6-30
SPAc
31%c
quar.)
$1.75
—
3-30
$1.75
(initial
3-20'
V:;:(
(accum.)
(accum.)
4-
$x
•
4-19,
4-15
Railroad Co
4- 1
40c
■
5-15
Pipe Lines
4-15
$1.50
preferred
ctfs.
4-1
preferred
$2.50
trust
Superior Steel Corp. (quar.)
Swift & Co.
(quar.)—
5- 1
$1.12%
$1.12V2 S
;
5-15'
$20c
-—
10c
common..,
6- X
-(quar.)
Struthers
v.!
$7 preferred
(quar.
(quar.)
i
Segal Lock & Hardware—•.
3-20
$0.2658
$$1.50-
Stokely-Van Camp, Inc.—
5% prior preference (quar.)..
Strawbridge & Clothier, $5 pfd. (quar.)
£3-31
4-15,
50c
....
3-20 •
4-15
Sterling Drug, Inc., 3%% pfd. (quar.) —
Engine Co., common
55c conv. preferred
(initial quar.)
Stix Baer & Fuller Co., 7% 1st pfd. (quar.).
'
25o
(quar.)$1.50
$1.50
4-1?
34%C
Sterling
3-11
;.-7
$25C
(quar.)
Securities Corp. General,
$6
:/.
4 4-;l"
$1.25
$3.18%
pfd. (quar.)
Savannah Electric & Power Co., 6% pfd
Savannah Sugar Refining Corp. (quar.)
Scott Paper, $4.50 preferred (quar.)..
$4 .preferred- (quar.) .......-—
Scovill Manufacturing Co. (reduced)
1_.
5%
B
Common
'
5%
Ry.,
37 %0
35c
$4.50 preferred A
■.
£ 3-16
^
Common'
4* 5
5- X
50c
17%c
'
4-1
75c
Water
Jose
1
4-15
......
3-20
1
'
'
'
...—....
I
4-
Stecher-Traung Lithograph Corp.—
5% preferred (quar.)
...
5% preferred (quar.)
5% preferred (quar.)
Steel Co. of Canada, Ltd., com. (quar.)—.
7%
preferred (quar.)-——.•
Sterchi Bros. Stores, Inc., common—
3-20
25c
0
25c
Safeway Stores, Inc. (quar.)
5%' preferred (quar.)
$1.25
Safety Car Heating & Lighting Co.,. Inc.—1
Quarterly
$1
50C
Saginaw & Manistee Lumber Co...—
Saguenay Power Co., Ltd.—
43/4%
preferred
(initial quar.).
$1.06
St. Lawrence Flour Mills (increased quar)..
+40C
St. Johns Dry Dock & Shipbuilding—
5%%
preferred
(quar.)
:$1.37%
$$1.37%
St, Joseph Light & Power Co.—
5% preferred class A (quar.)
$1.25
St* Lawrence Corp.—
4% class A convertible preferred (quar.)
/'
$256
St. Lawrence FloUr Mills Co., Ltd.—
7%
$$1.75
preferred, (quar.)...
.......
"St. Lawrence Paper Mills, 6% pfd. (quar.).
$75c
St. Regis Paper Co., 5% 2nd pfd. (quar.) .. '
$1.25
$2.50 prior preferred
(quar.)
62 %c
62%c
San Antonio Gold Mines, Ltd. (incrd. quar.)
$106
4-
Co.—
Pennsylvania
preferred
Stedman
'
Ross Gear & Tool Co.
Rubinstein (Helena), class A (quar.)...
$1.25
(quar.)
com.
Extra
4-
3-14
62 V2C
—
Stanley Works, 5% preferred (quar.)
Street Investment Corp. (Boston)
3-13
1
4-1
,
—....
4-1
1
4-
•
»
preferred
Standard
Robertson
,
3-20
4-15
& Electric Co.—
stock
preferred
preferred
Class
3-21
4- 2
$50c
participating A preferred (quar.)....
(P. L.) Mfg. Co., Ltd.—
$50c
(quar.)
$2.50
$62%o
preferred
(quar.)
Rochester Button Co. (quar.)
25c
Rochester Telephone Corp.
20C
(quar.)
*...
4V4%
preferred A
(quar.)...—$1.12%
Rockwood & Co., 5% preferred (quar.)..
$1.25
5% prior preference (quar.)
$1.25
3-15
4-1
$1.20
Co.-—
State
$2
4-1
$1.12%
(quar.)
Standard Paving & Materials, Ltd.— ■
Partic. conv. preferred
Standard Radio, Ltd., class A (quar.)
Riverside Silk Mills, Ltd.—
Common
West
6%
3-23
1
4-
$1.25
62 %c
—
(quar.)
Gas
Ohio
&
Works
75c
-
3-15
(quar.)...——
preferred
33A%
1
4-1
>
v
3-15
4-
Standard Paper Manufacturing Co.—
3-23
'
'
$1.25
'3-15
$1
X
preferred' (quar.)—
.
6%%
3-11
4-15
.
4-28
5c
(quar.)
5% convertible preferred (quar.)_._.,
Riverside & Dan River Cotton Mills, Inc.—
% 4- 1
5
Standard OH Co. (Ohio)—
3-18
1
'20c
common
Indiana
6%%
6-15
9-15
4-1
4-
1
3-
15c
preferred (quar.)—.—
Greyhound Lines (increasea/
Quarterly
•.
'
$1.50
"...
5-
$1.50
••
,
Springfield Fire & Marine Insur. Co. (quar.)
Squibb (E.' R.) & Sons—
$4 preferred (quar.)
Standard Chemical Co., Ltd., 5% pfd. (quar.) ;
Standard-Coosa-Thatcher
(quar.) __—____
Standard Fruit & Steamship Corp.—
/
$3 participating preferred (quar.)
'$7' .preferred ■
———-■
Standard Fuel Co., Ltd.—
3-15
r
com.
Power,
preferred
Spokane International
Corp.—
Selected Industries, Inc.,ff$5.50 pfd,
—
^
3-15
$1.75
.:
\K-%"
5-15
5c
(quar.—
Southwestern Gas & Elec., 5% pfd. (quar.)
Southwestern Life Insurance Co. (Dallas)—
"6-15
4-1
(quar.)
Products
(H. W.) & Co. (quar.)
Grande Valley Gas Co.,
Ritter Co.,
1
7- X
$1.75
(quar.)
3-20
133Ac
$6 preferred
3-15
10- X
:
1
Southwestern Associated Telephone Co.—
-3-11
,'ty $1.75
(quar.)
(quar.)
Co.
;
1
4-
3-12
4-
—
4-1
•
Sugar,
Canada
partic,
Mobile
4-10
4-
/
Rico
Southwest Natural Gas
3- 9
25c
1
$1
Southern New England Telephone Co. (quar.)
3- 9
common
4-
Co.—
preferred (quar.)
4.8%
3-11
4-
100
50c
3-14
7%
4-15
4-
25c
,
£
Inc.—
5-15
4-15
15c
$1.31%
12%0-
5-0
w
6-1
5%
«».■'&
1
'•
.——.—'; $62%c
$62 %C
6% preferred A (accum.) —_——...—.
Southern Railway Co., 5% pfd. (quar.)J.—•
;:vvm 25c
i
3-30
40C
Southern
4- 1
k$
4-20
££ 4- 1
6%
3- 8
15c
Porto
Southern
3-8
133Ac
$$1.50
Southern
4-
,
£ 3-30
Southern Franklin'Process Co.—
5%
-iu—
4-15
4-30
/
$1
3- 8
;
306
3-30
5-15
$25C
$2
4-19
*
(quar.)...
common
....
Savannah
-
Car. 4Vi% pfd. A (initial quar.)
(quar.)
Increased
3-22
3-15
4-T
$1
Pressed Steel
&
1
4-1
(quar.)
Lambert
Gas
3-15
4-1
v
50c
preferred
Paper,
4-15
1
4-
50O
,T.—
Providence
4-15
5- 1
-
Provincial
4-1
5- 1
15C
(quar.)
Plume & Atwood Manufacturing Co. (quar.)
Pond Creek Pocahontas Co., com. (quar.j
port Huron Sulphite & Paper Co.—
4%* preferred (quar.)__^.^^,».__»__
Porter (H. K.) Co., Inc., common
5% preferred (quar.)_«_
Potomac Edison Co., 6% preferred
7% .preferred'
Potter, Co.^::;i._«w^_—
Providence
10- 1
4-15
.
$1
$2.50
....
Inc.
Procter &
1
100
,
.
4-
20c
Pittsburgh Fort Wayne & Chicago Ry.—
Common (quar.)
f-,_.
7% preferred ■ (quar.)---^_-,,:..^..r..,^_-j1-^-.-!
Pittsburgh Plate Glass Co. (initial)
Pittsburgh Screw & Bolt Corp. (quar.)
Canada, Ltd.—
(quar.)
3-15
4- 1
4-22
75c
(quar.)...
1
$1.75
$1.75
Semi-annual
&
1
4-22
4-
'
preferred
5-
......
»
Bros.
52 %C
25c
4-15
(interim)—
3-22
....
50c
Philadelphia Electric Power, 8% pfd. (quar.)
35c
Philadelphia National Insurance Co. (s-a)__
Philadelphia Suburban Transportation¬
s' preferred (quar.)
62 Vic
40c
Philadelphia Transportation Co., common50C
Participating preferred
50c
: Participating preferred
37'/2C
Philip Morris & Co., common (quar,)
4%
preferred
$1
(quar.)
3.60% preferred (initial quar.)_
90c
Phoenix Insurance Co. (Hartford)
50c
(quar.)_«
Pillsbury Mills, Inc., $4 preferred (quar.)—
$1
Pilot Full Fashion Mills, Inc. (quar.)
■/
10c
75c
Pittsburgh Bessemer & Lake Erie RR. (s-a)
5%%
1
Rickel
3- 1
Price
4-
fi
.....—
Manufacturing
4Vi%
3-22
"
3-22
(quar.)
Southern California Water
Co.—
preferred (irreg.).
Investors Fund, Inc.—
Richman
3- 8
4-
(quar.)
Preston East Dome Mines
Inc.,
2nd
X
3-
Common
Rand,
7%
4-
5-
.
Products Co.
37%C
,
2nd preferred
2nd preferred
Rieke
4-
(quar.)..—
common (quar.)
Prentlss-Wabers
3-28
1
(initial)
7%
7%
3-11
3-31
&
8- 1
1
3-3
8%
5- t
4-
(quar.)..
3-22
3-31
Pratt
3-15
4-
1
2
preferred (quar.)
Southeastern Greyhound Lines, Inc. (quar.)
Southeastern Investment Trust, Lexington,
Ky.) Inc., $5 1st preferred (accum.)...
Southern & Atlantic Telegraph Co., Ltd. (s-a)
Southern California Edison—
5%
original preferred (quar.)
5%% preferred series C (quar.)..—u..—
3-15
1
South
—
(quar.).
Rio
____
partic. pfd.
1
4-
25c
quar.)
(quar.).
Engineering
1st preferred
3-22
25c
1st
&
1st preferred
1
25C
v
& Rubber Co.
non-cum.
Co.
7%
4-
30c
%
4-
8%C
44-
(quar.).
com.
,
3-21
v
Z-26
2-28
334C
preferred
(quar.)......—.
South Pittsburgh Water Co,—
4% %
preferred (quar.)
3-27
1
3-8*
4-1
5c
5%
3-15
4-
5% conv. preferred (quar.)_
$1.37%
$1.371/2
Reynolds (R. J.) Tobacco, 3.60% pfd. (quar.) ^*#90o
Rhode Island Electric Protective Co. (quar.)
Rice-Stix Dry Goods Co.—
7% 1st preferred (quar.)...
$1.75
4-15
'
.....
8
1
4-10
IV2C
—
conv.
4-13
'
6%
4-
10c
4-10
South, Carolina Electric & Gas Co.—
3-15
20c
preferred
.Extra.
3-15
4-
$1.25
;
Philadelphia Co.,
J..
16%
preferred (s-a)_——
$5 preferred (quar.
$6 preferred (quar.)_«_-'-._^.»«._____-^.^.
Philadelphia Dairy Products Co., Inc.—
$4.50 1st preferred (quar.)_w-i_i—
$4 2nd preferred (quar.)
Philadelphia Electric Co., com, (quar.)____
*
X
4-
$1.75
...
(quar.)...
Copper & Brass, Inc.—
5y*% preferred (quar.)
Reymer & Brothers, Inc..
3-15
4-1
50c.
priod preferred (accum.)
pet Milk Co., common (quar.)
4%% preferred (quar.)
4%% 2nd; preferred (quar.)
Power Corp of
3-21
$1.25
preferred Class A (quar.)
6% preferred Class B (quar.)
Republic Pictures, $1 preferred (quar.)
Republic Steel Corp., common
6% prior preferred A (quar.)
3-15
4-
$1
$1.75
—
(quar,)*—.*.#
5%
Plough,
3-14
Co...
7%
.
—
Planters Nut & Chocolate
1
4-11
6%
'
>
4-
(increased
common
Reynolds
1
4-
Pennsylvania Power & Light Co., common—
20c
4% %: preferred (quar.)—$1.12'/a
Pennsylvania RR. Co.
$1
Pennsylvania Sugar Co., 5% pfd. (quar.) —
12Vic .
Pennsylvania Telephone Corp.—
$2.10 preferred
(quar.)
52c
Pennsylvania Water & Power, com. (quar.).
$1"
$5 preferred (quar.)-—$1.25
Peoples Drug Stores, Inc.
—
40c
Peoples Gas Light & Coke Co.———
$1
common
3-15
50c
m
£
■
$$1.25
preferred A (quar.)
Sonotone Corp. ..ii
Sorg Paper Co., 4-6% pfd. 3 (accum.)...—
6%
preferred A (accum.)
South Atlantic Gas Co., common (initial¬
s' preferred (quar.)—
Revere
$1.25
Pennsylvania,Glass Sand Corp., com. (quar.)
25c
preferred (quar.)—;:$li25\.
(quar.).
preference
3-12
4-1
4-
.
1
.
$20c
656 conv;
Corp.—
Electric
Republic
.
$1
3-30
4- 1
50c
$4.50
preferred
(quar.)...
Republic Drill & Tool Co.—
Peerless Casualty Co. (S-a)——**—»•35c
peninsular Telephone Company—
Common (quar.)—,
50c
Penman's, Ltd., common (quar.)
——..
$75c
6 %
preferred (quar.)
———
$$1.50
Pennsylvania Co..; for Insurances of Lives
iand Granting Annuities (Phila.) (quar.)
40c
Pennsylvania Edison, $5 pfd. (quar.)__
$1.25
Co.
Insurance
'Stock, dividend
-
4-10
Pfaudler
4-25
60c
preferred (initial quar.)
Manufacturing Co. (111.)—
New
5-10
Pharis Tire
$1.50
93%C
(quar.)....
3-30
3-X5
X
Solar Manufacturing Corp.—
3-30
35C
Remington
_
—-—%
Fire
conv,
New
tic
Extra
4-25
JUC
1
3-2X
4-15
-'45-
$$L75
$$t.73
(quar.)
C.) & Corona Typewriters,
(L.
Smyth
'
$40C
3-15
$1
2Vic
$1
—
Peoria Water Works, 7% pfd.
Perfect Circle Co. (quar.)—
pere Marquette Ry. Co.—
Smith
V 3-31
20c;
(quar.)
,
preferred
4-20
25c
prererred
Oil
Corp. (quar.)
(Howard) Paper Mills,
preferred
6 % ' preferred
3-11
4-1
87 %C
(Dayton)
3-15
$1
—
Inc., 4% preferred (quar.)
aymaster Consolidated Mines, Ltd.—
$5
Machine
convertible
7%
Reliance
■
Pathe Industries,
.
4-19
$40c
5%
paraffins Companies, Inc.—
Interim.
5-1
5-25
(quar.).j.
Reliance
_
5%
preferred (quar.)
Park Chemical Co., 5% conv.
5-31
Regent Knitting Mills—
$1.60 non-cum. preferred
$1.60 non-cum. preferred
Common
Transport Co
(quar.)—
Button-Hole
Reliable Stores
Panhapdle Eastern Pipe Line—
preferred
3-12
Inc.—
Reed Drug Co., common
Class At (quar.)
3-15
4-15
$1.50
£0c
—_
Corp. (quar.)——
——
age-Hersey Tubes, Ltd. (quar.)
Increased
4-10
Quarterly
acker
&
Smith
.:
5%%
i'
..
U5C
♦
1 >:
4-
v
25c
Sinclair
3-20
Reliable
Co.—
an-American Petroleum
3-20
1
3-30
'
4-
Western Dairies—
Quarterly
7%
;
40c
$1
1
4-
„
5%
3-20
$1.25
i 6 % %
preferred
(accum.)
..
Pacific Telephone & Telegraph Co.—6% preferred (quar.)—
g 4-
$2
$25c
prior preferred A (quar.).
preferred (quar.)-;.——.
Reda Pump Co...
1
3-30
Cement
': 4-20
$1.50
3-20
1
4-
(stock
15c
;
3-16
1
4-20
$30
5 %
preferred
(quar.)
....J...
Simplex Paper Corp/
Simplicity Pattern Co., Inc.—
(quar.)
common
Real Silk Hosiery Mills,
4-15
Portland
3-15
Rayonier, Inc., $2 preferred (quar.)
Reading Co., 2nd pfd. (quar.).
4-
e
1
—
(quarjw.^w.—.-.....-i.
3-15
4-
_—50c
3-22
4-
25c
(irreg.)
3-29*
(s-a)—.—.
$2.50
dividend)---^—100%
preferred
8%; preferred
3-29
75c
Fund of Boston
6%
1st preferred (quar.)
Ralston Purina Co., 33A%
pfd.
Raytheon Manufacturing Co.—
$2.40 preferred, (quar.)
3-15
4-
(George)
4-1
37%c
(quar.) ——50c
acific Greyhound Lines, common—
50c
preferred (quar,)
—$31:
Pacific Indemnity Co. <quar.),,i—,
50c
—
.
Putnam
4-15
$1.50 preferred
Pacific Gas & Electric
acific
X
3-15
4-12
25c
30c
8
3-16
4-
15c
Williams
Silverwood
3-
3-22
8-30
$1.25.
3-28
$1.25 '
Corp. of America—
$3.50 conv. 1st preferred (quar.')_.
Railroad Employees Corp., 80c pfd. (quar.)..
Railway Equipment & Realty Co., Ltd., com.
2-20,
—
3-15
3-22
1
i^T0c£
(Canada), com. (quar.)..
7% preferred (quar.)
Silverwood Dairies, Ltd., common
(accum.)
40c participating preference
(s-a)
Radio
2-20
|
1
Sherwin
£
1 ■'/
4-
25c
(quar.).
3-20
4-
.
$1
?
(quar.)
4-15
common..
conv.
Quaker Oats Co., common
6%
preferred (quar.)
Quebec Power Co. (quar.)
3-15
I
3-20
4-
Co,
«.
0/ Ree.
;
;4- 1
IOC
;
$1.25
preferred (quar.)
pfd. (quar.)
5%
Pyle National Co.,
3-25
4-
convertible
Pure Oil Co.,
;
$4.25. preferred (quar.)
——$1.06% ;t
$4.50 dividend series (quar.)—
—
$1.12 %■,;
x
Fibre Brush
————
25c
$1.75
Corp....
...1....
Corp., common
preferred (quar.).
Holdere
Payable
X5C
'
Gas
&
iW When
■
■
Share
,
Shawmut Association (Boston)
(quar.)
Sheep Creek Gold Mines, Ltd. (quar.)
Shellmar Products, common
:':;4-15'i
1
4-
Oil
$5 conv.
Shasta Water
3-15
4-15
5-15
x
(Minn.)—
Pacific Lighting Corp.; $5 pfd. (quar.)—
Pacolet Manufacturing Co., common (quar.)
50c
-
.
acific
5-15
50c
$1
Pest
,
,
Sharon; Ry.--Sharon Steel
5-15
quar.).
4-
.
—
Shamrock
3-15
45c
(Increased
Corp.—
7% original preferred (quar.)__;
Puget Sound Power & Light Co.—
$5 prior preferred (quar.)..
4-
Loan
-'•Extra
3-15
1
Publication
3-20
15c
$2
Otter Tail Power Co.
1
4-
Indiana—
of
preferred (monthly).—
preferred (monthly)..——
Public Service Co. of Okla., 4% pfd. (quar.)
3-21
.
$5
•
Company
Seven-Up Bottling Co. (St. Louis, Mo.)—
Quarterly < .—......^
4-
6%
8
3-
Hame of
3-15
5%
preferred
(quar.)—$1.25
Public Service Corp. of N. J.—
America-
of
Co.
Service
Common
3-20
4-1
preferred (quar.)
& Debenture Co. (quar.)—__
$$1.25
Products,-common (quar.)—
* $25c
7%
preferred
(quar.)
*
$$1.75
range Crush, Ltd., 70c conv. pref. (s-a)-_
$35c
range & Rockland Electric Co.—
5% preferred (quar.),——$1.25
'Sullivan Rubber Corp., common—,
—,
• 10c
,5% preferred (initial quar.)
;
$1.25
ttawa Electric Ry. (increased quar.)——.
$80c
ttawa Light Heat & Power,,com. (quar.)_
$15c ;
5 %
preferred (quar.)
$$1.25
ntario
1
4•
40c.
Quarterly
mnibus Corp., 8%
ntario
2-28
$1.25
)
(quar.)—
Co.
Insurance
3-20
■!
Of Rec.
|
58%c
50c
41%c
preferred
6%
Co.-—
Id
3-20
X
4-15
$M7%
: $1.50
$1*75
1st
x
Hoiaen
Payable
„
(monthly).........it
6%"..preferred '(monthly)
5%
preferred
(monthly)
..J...
7%
3-11
4-
25c
$1.25
1
4-
,
Oo._-._i—
Match
4-
When
.
Share
Public Service Co. of. Colorado—
3-11
$1.12%
$1.25
25c
$1.25
-
Per
,
Name of Company
of Re 0.
Payable
Share
,
4 % %. preferred
Finance,
5%
HoUttr •
When
•Vame of Company
1769
3-31
$250
3-31
$$1.12%
$4054c
$40%O
$40 .ac
.
4- 4
4-
1
3-U
3-1X
....
3-20
THE COMMERCIAL & FINANCIAL CHRONICLE
"Vv.-'V:-v"''■'■■■'. ■:./'Pef
Name ot Company
Tide
Water Associated
$3.75
preferred
Oil
(quar.)
When
Co.—
'
of Reo,
\
"
1
3-11
4-1
3-1
4-
,
dep. rets. ord.. reg. (interim.)
11%%
American dep. rets. def. reg.
(interim.)—
.
8%
Tobin Packing Co., common, (quae.)—25c
J
$1.75
4l%c
50c
58y3c
preferred
6 %.
(monthly)
preferred
Toronto
.
3-23
3-23
Western
1
3-20
1
4-
1"..
4- 1
4- I
3-20
-3-15'
Inc.
(quar.)
Water Co., $6 pfd. (quar.),,
(George), Ltd. (quar.)
Weyenberg Shoe Mfg;
Wheeling & Lake Erie Ry. (quar.),,.
Wheeling Steel Corp., common (quar.
■■
$5
convertible
3-15
Whitaker
4-
3-20
Whitman
4-
1
3-16
Wichita
4-
1
3-20
Wico
Wteboldt
Rapid Transit Co.—
preferred ,(quar.):—
—
7% preferred
1—r
208 South La Salle Street Corp. (qua©.)*—.
City
Carbide
Investment
Union
i
6%
United
Printers
Shoe
preferred (quar.)——
Fidelity & Guaranty Co.
com.
.-Class
3-20
—
;
3-11
above
stock
25©
4- 1
3-20 I
6%
15C
4-
3-18
preferred
3-25
rate
5-1
$1.75
4-
J
4-17
-
l:»
3-25
*
$1.50
4-30.
25©
4-
I
t$1-75
5-
1
4-
4-13
1
4-
.
:
3-11
:
3.-11
,
75c
(accum.)
$25C
12%©
4-
37Y2C
Yellow Cab, 6% pfd. (initial quar.)—
Zeller's, Ltd., common (increased quar.),,
5%
preferred (quar.)
6%. preferred (quar.)
1
I
a,-?
5-
■
1
5-
$25c
$31%,©
1
6r' I
5-
$3774©
4-15,7
,
4-15
4-15, r
1
4-15
4-
1
3-15
7-
1
6.-15
tPayable in U. S. funds, less 15 % Canadian non-residents tax.
4-10
3-20
$ Payable
1
xLess 30%
4-
1'
5
U.
6.
—'—
(quar.)——
Smelting Refining & Mining- Co.-*
5
4-15
Canadian
in
7 /(.
:
3-30
4-15
(quar.)
preferred
1
4-
t
3-31*
1
funds,
tax
deductible
15%; resident tax, 7%.
a
the
at
1
3-16
4-
1
Less British income tax.
preferred
Upson Co.,
pfd.
$1
Public
"5-31*.,
8-31*'
Service
Co.- of
page
.3-10
Indiana,
Inc.—Registers
with'
''
I:
3-20
-
,
4-
preferred (quar.)..—-.
7%
preferred (quar.)
7%j, preferred
(quar.)—;
Vermont
&
Massachusetts
Artt
3-22
t
4-30
dividend
Co.
the
14ft 186
for
Company proposes, to issue the 15ftpurpose of refinancing at. a Eowe©
outstanding; shares
of
preferred, 5.%
share-for-share basis with
1
4-16
4-1
The
1
6-20
9-20.
3-31,:
3-
9
12-
12-10
4-
4-
Viaui. Ltd., 5 % preferred (quar.) ———.
$$1.25;
Vicksburg Hhreveport & Pacific Ry Co.~
:.V- Common (s-a) :
——
$2.50
5%; preferred
(s-a)
$2.60..
| Virginian Railway,; 6% preferred (quar.)^* , ' 3TVz<s^
6%- preferred (quar.)
37%o
Viking Corp., class A (monthly); 13%©,
Class B (monthly)
13%©
Class A (monthly)
—
—~
13^4©
Class B (monthly)
—-————
13 Vic
Class A (monthly)
—13.%e
Class B (monthly)—!—
— ——.
13J/4C
Vulcan Detinning Co., 7% pfd. (quar.)——
$1.75
8
1
declared
Net ry.
of 45
cents
per
share
Net
reduce
gross
*
income :thi& year by. $1,100,000.—V. 163, p.
4-15
8-
1
;
Wabash
4%%
Railroad
Co.,
common————
preferred
$L
$4.50
f$l
.
—-—,—
Wabasso
Cotton, Ltd.
Wagner Baking Corp.,
(quar.)
'.
-
25c
7%
preferred : (quar.) „——.
$1.75
Waldorf System, Inc. (quar.)
25c
Walworth. Co;,
6 % preferred—————.
15c
Ward Baking Co., common—.
.
15a
5%% preferred (quar.)
$1.37'/a
Warner Brothers Pictures (quar.).*—w—,
50©
; Warner & Swasey Co.
25©
Warren B-rpthers, class A (quar.),.
a
« - 33%©
Class Bi (quar.).—
62%©
Washington Railway & Electric C0.-4.
5% preferred
v ■ <$L23
5% preferred (semi-annual)——
$2.50.
Waukesha. Motor Co. (quar.) —£,
25c;
Wayne Pump Co. (quar.) —-k—..i-.*,-*
5Qc.
Wayne Screw Products Co. (irreg.).—r,- ,,r, 10©, i
Weatherhead, Co., $5 preferred (quar.),—$1.25
Wellington Fire Insurance Co. (s-a)
$1.75
Wells Fargo & Co., 4%% conv. pfd. (s-a),— U' 22%c;'
Wesson Oil & Snowdrift Co., Inc. (quar.);—^00
25c:
West- BoyLston Mfg.
Co.—
$1.60
West Kootenay Power & Light Co., Ltd.—
7% preferred (quar,)_
—— $$.1.73
common
4-15
.
6%
7%
Electric
preferred
preferred
6-10
4-10
.4-19
3-30
3-30
4-19:
——$1-5Q
$L75
3-16
Winnipeg,
1
3-20
3-20
4-
4-
3* 8
4-
9
3^19
5—
1
4—10:
5-
1
4-16
5-15
5-15
I
;r3«. x ■■'
■■
,4-15
.
3-22
3-15
3-15
4r
1
-
Calls 4% Bonds for Payment—
5-15
:v;
4-16
5-15,
4rl6
4-15
3-18
4- 1
—V.
3-15
163, p.
1436.
dividend)'
$4.50
one
One
additional" share
3-16
held.
preferred
—
4- t
3-15
v
its
business
done?
was
.
.
.
-
AND
1.8;
1945.-
amended
}/;■>:%:-vi
j
Feb.- 5,
1940,
that capitalization
so
the articles
subsequent
Authorized! common stock ($l par)w_^__—
Issued and outstanding (when shares offered
'EURPOSEr~The
to
6f
that
,
Incorporation.:
date
is;
net. proceeds sere to.;b©
400*00(3 sh3.'!.
are
sold)—
used to©
326,000
shs.{
working capital.
COMPARATIVE INCOME STATEMENT
'
3'
Period—,
Net
Cost
sales
of
Gross
•
and
.
other
*
Proposes; Drastic Rate
7
1
Nefc
,
Mb/Ehd.' 12'Mo! End.:
Jam 31, '46. Oct. 31, '45
income
;—
$17^265
products manufactured and, soldimanufacturing:
Selling expense—
Administrative expense
A-
Drastic .reductions, in* internationals, tele^rapbt xfttek -"werepconased
Jlarclj, 26 by Thompson H. Mitchell ^ecuUv© -vice-President,,
cq$
1945 approximately 35 % of
retailors in the Cincinnati
in
i
Reductions— ;
,
——_——T-n—vv
(quar.)———,—*^4 $H2%
RCA Communications^ Inc*
■
the
'
.
.0^000070^007;;:
"v v'
'
-'•
the.1 outstanding
year
with,
offices
.CAPITALIZATION*—-On
first mortgage and collateral' trust sinking
fund 25-y.eap. 4% bonds, series C. due Sept. 1,. 1962; have been;.called
for- redemption on April 29; 1946, at. 182% and interest. Payment, will
be* made at-The Royal Bank of Canada Ijv Quebec, Montreal;. Toronto,.
Halifax, Winnipeg oa Vancouver, Canada, at; the- option, of the holder.
of
the
Jan.
were
*
AIT
■'
company will be between, 900,000 and
1,000,000 bar-lifting-of the Government restrictions on the use",
malt products.
;■'•>?
.
.
-
-
upon the
and
Itjyebal© are.;U6©d, ■?; TV
ev:
which are to be called for redemption oh, or about April
required is. to be provided out of
*
•'
; ^
;
>
1
29; 1946; the balance of the funds
other resources ofr the company;,
3-16
West
each
amended.
as
proceeds to be -received by. the company' from the sal© of theto. be applied to the redemption, of $11,855,000, first mortgage
and. collateral trust sinking fund bonds series: "C" '4%, due 1962, now:
3-15
(Stock
(Dominion)
•'
Bay. Trust Co., Bay City, Micb.
7
V
7 ; :
7
BUSINESS—Corporation was incorporated in Michl-*'Company's principal business office is at lieFirst-Street, Bay .City, Michigan.,- Company manufactures- and sell©,
resistance
welding
machines specially designed and
engineered
to/
perform specific jobs in mass production industries;
Such machines
have application ,in> practically
all manufacturing processes where!
are
outstanding,
8.-12.
Ar> I
1932
-r-/
-
•
HISTORY
and Toronto, in interchangeable* denominations
Act,
CiBCbmati--Regjiexs.wUh SECt
Transfe© agent,
gan,;
Trustee: National Trust Cor;, Ltd:
v. <
-«
opinion of counsel these bonds, will be a legal investment
insurance companies registered under The; Canadian and BritisS
Companies
C^
.
$1,000 and $500.
Insurance
5,730,015*;
2.879,240;
Resistance Welder Cerp., Bay City, Mich* — .StockOifered-r-Moreland & Co., Detroit,, are offering at $1,30"
per share 110,150? shares of common stock (par $1) Stocky
i8 heing offered as a speculation,
la addition. 1T,95&shares are being offered to,- employees at par. 7 r
Xn>-the
bonds
V 1
8-15
18119,809-s
area and
through five,
Ohio, Tennessee and Washington, D. C.
Of the
company's 1945 sales, approximately 61% were in its premium prod-".
ucts, Barbarossa beer and Rep, Top: ale.
branch
The
3-19
1
for
directly
1946,
102%
for
1
.'** x
V
•
The company conducts the major portion of its business
throughwholesale distributors in 18 states and in the District, of Columbia.^
1948;
,.'i
4-
:
2,194,461
.
:1
1,518,326 !
1
*
railway--—
year
During
at • 103 % if redeemed thereafter on or before Sept. 1",'
if redeemed thereafter on or before* Sept. I, 1954; at
101%
if redeemed thereafter on or before Sept. 1, 1957; at 100,%%
if redeemed, thereafter on- or before Sept. 1, I960; and at 100%
if
redeemed thereafter to maturity.
Coupon bonds, registerable as' to
1,
at
principal in. Montreal
6-
4-1.
on
Sept;
of
6-1
•
1951;
3-18
t
A- 4 *
5,786.542
2,084,516
1,148,954
~
i
2,927,134
-
capacity of the
part by, lot -from time to time on at least 30 days' prior notice
at the following percentages of principal1 amount, with; accrued' interest
to the date fixed fo© redemption: at 104% if- redeemed? on or before
S7li.;
4-
_
1,
'
rels a
in
or
3-15
1
4KL
19,058,431
4,845,590^
2j898,393
f
of grain
prior to maturity
4-j 1
West Texas. Utilities Co.,
West
f;
Vancouver, at the option of the. holder.
Redeemable
at the option of the company in whole at any. time
1
4-
Co.—
preferred
-
Principal,
half-yearly
interest * thereonf
(March l and Sept. 1), and redemption, premium-, iff any; payable in.
lawful money, of the Dominion of Canada at principal office of com¬
pany's bankers in the cities of Quebec,. Montreal, Toronto, Halifax^
March
Dated
-4-
(quar.)——.————-—" $1.12%
$6 pfd. (qua©.).—
$L50t
Virginia Pulp. & Paper
————"y;2Qc /
Virginia Water Service— . •
■
4%%
6-10.
Co.—
(quar.)
(quar.)
West Penn Power
5-10
4-2Q
-
Penn
;
offered inthe Canadian market $11,855,00(1 first mortgage and col¬
lateral trust sinking fund bonds, series E; 3%,/due Septl
1,1962, at 101
interest.
5-10
6-15
——_,—
West
decrease ot 4,2%V. 163,. p. 1574. y
ties Corp., Ltd., and associates on March. 19
i 4-10
5-15
6.-15
(increased)...
.
7-15
5-15
:
18,214,"581
1,442,054
1943
$9,015,710
Company was recently in the news when it acquired all of the out-fc
standing stock of the Clyffside Brewing Co. of Cincinnati on Dec. 28,.
1945, for $1; 132,455.
With the addition of the facilities of the Clyff-.
side Brewing Co. and the expansion program now., under
way, it was!'
revealed in the registration statement that the estimated
productive"
week
Quebec Power Go.-—Bonds Offered—Dominion Securi¬
4-lQ(
——
,
16,342,035
3,439,322
680,948.
from
pany.-
of the operating companies served by this corpora¬
ended March 23, 1946, totaled 187,080,000 kwh.,
compared with 195,371,000 kwh. for the corresponding week last
output
the
for
year,, a
3- 8
4-15
1944'""" '
classes of the common stock of the company all of which is now held
directly or indirectly by these individuals.
Westheimer & Co, oi„
Cincinnati is listed as the principal underwriter.
This will be the''
first public offering that has been made of the stock
by this com-" •
1574.
3^ 8
5- 1
*
'•
•
$9,618,439
1,644,503
Red Top Brewing
^
CQJrp»r-0«tput^'
'Electric
tion
3-2Q
1
,
Company has filed with the-SEC a registration, statement cover¬
ing 150,000 shares class A common stock.
This stock is to be sold4:
by 12 shareholders of the company, and represents 30% of both-!
4**"l
I \
4-
'
1289.
expected that this rate will be continued in following quarters, Robert
A Gallagher,t President, said.
v»v:
Mr. Gallagher pointed out that the company has finished its con¬
struction program with approximately $25,000,00.0 spent last year and
has no further large drains on cash foreseeable- in the near future.In addition, the company recently revised its rates downward; expected
as
■4-
'
1945'
^
163*
$9,009,536
2,512,365
982,184
income-__
'
,
—
V
<
"
1946,
$7,811,599-
railway.^
Gross- from
on
.",
Corp. above.—'V„
Earnings—
February—?
railway.
ope©
1946. •
*
Cable & Radio
l?rom Jan. ir—
?
dividend
a
1
.'
.
railway_,«,_^T
Net ry. oper; income—1
—'IT; 163, p. 1202. V"
•ft
I.:"*'."
V.'.
to
,.
have
from,
Net. from
stock, payable June
1
>
/ |
both interests.
v
f'
details of the plan which will be presented-:
preparing
Reading Co.
Gross
1
9-
9-10
$3
"
3- $
6-
directors
...
■
3-3.1
»
l .to holders of record May 15.
Previous
payments were 25 cents in .each, quarter.- V.
■*? •
»
.
'• ."
The increased dividend is justified by current earnings and it is.
3-21
7-
are-
Month of
effecting
the exchange offer and. sale ot unexchanged
preferred will be at competitive bidding. Names of underwriter© will be
supplied by amendment.-4
w , '
,• »«,
T
common
4- 1
10- I
date of~!
rights prior to the
advantageous., to
See- American
„
3-18.
5-
who may purchase
rights.
the
upon
Sales Agreement—.
old
Common Dividend Increased—
I
'
6-HT
(s-a)
rat©
preferred
new
4-15 J
4-
$1.75
$1.75,
.
RR.
of
in
services
3-15
I
fM©
,
f
*
the
at
On
annum.
all persons
for
Counsel
Exchange will be on a.
cash adjustment. Any of the 150,000 shares not. issued under exchange
offer will be sold for cash to underwriters, and proceeds; applied with
treasury funds to redemption of unexchanged old preferred: shares. The
3-15.
4-
'
7%;
of i,
rate
1946
respective
would be
-
.
be filed by amendment.
shares
cumulative, series A.
■^ 5-20
5- 1
*
Kamp's Holland
Dutch Bakers,
Inc., common (quar.)—■
15c
$6.50 preferred (quar.) —"—---$1.62%
Vapor Can Heating Co., Inc.—
*
'
1
000
#
do
5,
Raytheon's-fiscal year, May 31,
,
rate will
3-20
1
(initial)-—;
class A preferred—
$1.25
5% prior preferred (quar.)
—
62%©
5% prior preferred Cquar.)
.
—
62%a
5% prior preferred (quar.)——62%©
Van.
April
for action by the stockholders of each
company as. soon as completed. \
It is hoped that the combination can be
completed before the end of .- f.
4-10,
6-10
<
Utlca Knitting Co., 5%
:
to
Company on March 25 filed a registration statement with the SEC
for 150.000 shares qf cumulative preferred stock (par $1Q0.)
Dividend
3-16
4-
$1.12%.
30©
Utah. Power & Light Co.
1946
board meetings oh March 19, the directors of Sub- I'
Signal Co. apd Raytheon Mfg. Co. unanimously, approved, a.%
modification ih the originally proposed merger terms. As now
agreed*!
subject to stockholder ratification, the consolidation will be effected '
on, the basis of 5%
shares of Raytheon common stock for each share \
of Submarine Signal, and will include all the business'and assets of "*
Submarine* Signal.
•; ;
;;: ;;-v
While the original plan proposed to exclude certain Submarine
Signal |
assets, further study by both boards ojt directors led to the conclusion;:
that a complete combination of the entire business of
both companies i
X7»32)
SEC—;5
11-30*'
4-
$.2
(initial qua©;).
1,
^
(Continued from
4-20
$8^75 '
Cap Corp.—
(accum.)
4%%
Feb.
preferred i
the
marine
3-16
8% ' preferred !quar.■!
Universal Pictures
(quar.)
——
50©
8%.
from
6%
at
the convertible
Convertible preferred stock which is not.
exercise of rights will be- sold to the underwriters and will be'offered by them, to the
public.-—V. 163, p. 1575.
Non¬
source.
3.-31*
4-
.
Upressit Metal
per
subscribed
General Corporation and
Investment News!
3-31»
87%©
—»
4%
received
the expiration of the
At
3-30
4-
$2
S. Trust Co.. (N. Y.)~ - **,--*--•• •
New common (initial
Universal Leaf Tobacco Co., com, (quar.)-*.
the
on
Raytheon Mfgr. Co.—Changes Merger Terms—..
3-19
4-
1st pfd.
1 U.
of
stock
available to
,
3-19
4-
»X.18%
(quar.)
dividends
public
.
3-20
4'
20©
(quar.)--.*—/$f ,12%
8%
Rubber Co.,
accrued
from Feb. 1^ 1946 to April 5. 1946
and charged with accrued dividends oh
Although the company is- making no direct offering t© the general-*
initially, the offering- of convertible preferred stock will become,
Jamaica income tax.
•Transfer books not closed for this dividend.
.
U. S.
credited" with
annum
3-20
4-
?-
p;t 4-/4■/(,
will be
surrendered
per
this basis, holders of 6% preferred stock f
will be entitled to receive a dividend
adjustment to April 5, 1946 of
$0.36, for each 2 shares surrendered, being the difference between !
the accrued dividend; at the rate of 6%
per annum- on said shares •
and the accrued .dividend at the rate of 4%
-per annum on
the & *shares of convertible preferred-stock to be issued therefor;
4-20, :
-
-
3-15
V iD^asa Plywood dorp.,; common (quar.):-*—4
preferred
preferred
stoeki^
2-21
37 %c
8
3-15
7 7o
preferred
(quar.)
1-—
6-20
S. Pipe & Foundry
(quar;)--———
9-2Q
Quarterly >• w
40c •;
'■
Quarterly
■——w——40c *•' 12-20
4- 1
P., S. Playing, Card. Co. (quar.)
50c
Extra
"•*
$b iV. 4- 1
4% %
preferred
3-25
3-
3-15
t
0
convertible
1
3-18 '
Xl
I
50c
$1.75
40c
U.
of
4-
4-15
4-
3-25.
1
20c
—.
shares
4-10
1
I
1
—
(quar.).
fractional
As
$5c
4-
4-25
4-
25c
50c
Q2V20
37%c
25c
25c
(quar.)
14,
stock.
common
-
4-
$2.50
(quar.)
——
3-21
$1.25
$1.25
(quar.)
common
3-21
4-
$1.75
B."——
preferred
3-12
1
%
company
March
w01 not be issued, rights must be combined in multiples of four to p'
purchase one or more full shares for cash,
v
V '
....Vi
Subscriptions must be made at office of Stone & Webster Securities,
Corp.* 49 Federal St., Boston, Mass.
|
'The company is not making a" direct offering of convertible pre- "'
ferred stock to the holders of outstanding shares ot 6% preferred!
stock, Series A, of the company.
The offering of the convertible pre- *
ferred stock, however,
will become avallabl© to* all 'holders -of 6%
preferred stock who receive rights as holders of common stock or *
who may purchase rights prior to the date ot the expiration of the
lights
Rights may, at the- option of * the holder be: exercised by the>
surrender of shares of 6% ^preferred stock in the following
exchanged:
ratio:; 2 shares of 6% preferred stock (accompanied
by 20 rights) for ''
5-shdres of convertible preferred stock.
•• ;
*
*?;
Holders of 6% preferred stock who make the
exchange set forth '
$1,06%,
Co._,
Machine
,jf\0r 0'? >;-■ '
v
.
C<k—-Rights—
Is. offering to, the holders: ot its comihon, stock ©Iij
1946 the "right to subscribe at $50, pel share (plus,;
dividends of $0.36 per. share accrued from Feb.
1', 1946 to, April 5, P
1946) for 40,785 shares of convertible preferred stock (par $50).
One,..'
rigbt will be issued for each of the 163,140 outstanding, shares of.«;
.The
record
3-20
'
>28
15©
Yates-American
3- 9
4- 1
class A———20c
Gypsum Co.,
-3-21
$3
(quar.)
(quar.)
Wrigley (Wm.) Jr., Co. (monthly)
Yale & Town© Manufacturing Co. (quar.),,'
1
4-
—
Foil;
1
letcers.-jV. 163;, p. 1575
Railway & Light Securities
20 %.
preferred (quar.)—
Co. (quar.)
resident tax
—
Corp-.,
4-
8 7
$25©
(quar.)
Ltd;
(quar.),——
Products. Inc. (stock
Combing Corp. of Canada
Wright-Hargreaves Mines, Ltd.
3-21
50c
53c
58y3C
__——_:
(quar.)
Machinery
Extra
4-15
4-
*
4- 14- I
Wool
4-10
4-16
Publishers—
(increased)-
preferred
United
T7o
&
4-15
1
4-
3-18
10©
1st preferred (accum.)
Woodmont Corp., $3 preferred
5-1
50c
$1
preferred,
preferred
>7 Common-
U. S.
1
5-
!
1
•■'■-4* 1
$1.25
7%
$75c
(quar.)
#■ 5%
(quar.)
—
United New Jersey RR. & Canal Co. (quar.)
5%
■■t
5-
4-1
4-
3-
Wood Alexander & James, Ltd.—
3tl5
Conferenc© last fall, he stated', it was agreed by
British delegates that a ceiling rate of 30 cents
full-rate word should apply from all points of the United States
to all places within the British Empire.v
;
^ ■
*i
The action
taken by- RCA on March 26, Mr. Mitchell explained,
would provide for extension of this
principle .to all messages going
from the United States
to- any part of the world, including more
than
80 additional
countries, territories and: islands to which the
rates currently
ranged from 33 cents to $1.15 per ordinary word.
This would meab,- i» effect;- he said; that; to> all. points- ©J) the worlds I,
where telegraph charges now are in excess of 30 cents a word, such
rates would he reduced to a uniform basis of not more- than 30 cembs,
with charges of 15. cents a word for deferred service and 10 cents a.
word for radio
3-15
4-15
i
3-8
75c
preferred
6,%
available.
the Bermuda
3-18
4-1
30c
(quar.)-
A
*
1
$1.06%
(quar.)
9
4- 1
4- 1
30 c
(qua©.),
Eixtra
3- 4
'
$
4-
$8
$1.75
Wise© Oil
*
(Del)—
(monthly)——
preferred
•
4-
$1
prior preferred (monthly)-'/United Merchants & Mfrs.—*
sr.
3- 4
32c
15©
10c
B
7%
u;
3-15
75c
United Light & Railways
.
1
3-20
Wisconsin Electric Power—
!:-3- 1
4-
^$2
(quar.)'—.
$0: 6.36% «prior preferred (monthly)
S.
3-20
3-20
1
4- 1
4-1
$1.50
(quar.)—
United Fruit
Co.
(quar.)-—-——
—
United Fuel Investments, Ltd-.—
f%6% class A preferred (quar.)—
United Illuminating ———
,
United Industrial Bank (Bklyn.)
(quar.)—
6%
1
4-
1
25c
dividend)
Wilson & Co., $4.25. preferred (quar.)
Wilson-Jor.es Co.
(interim),,^—
Wisconsin Co,, 7%, preferred (quar.)
3-20
4-2
10c
—
common
Drill
Class
U.
4-
,$1
prior preferred (quar.)—
& Tool, class A (quar.);
$1.25
:Y/
8%
WUsil;
Willson
1
4-
3-11
Will & Baumer Candl© Co.—
4-20
4-
3-16
$1.25
(quar.)
common
1
•
$1.50
Wilcox .Oil Co
3-23
"4* 1
17 %c
Carbon———
Co.
3-20
Inc.,
Stores,
preferred (quar.);,,
Wlggln Terminals,. 5%, preferred
Cigar-Whelan Stores Corp.—
United
$2
4-15
$51.1462 %o
(quar.)—
preferred (s-a)_————————
Carbon
IK 9
75c
Union
Union
4%
8-10
class A pfd.
3-
4-
75c
6%
11-15
.
62 Vic
Underwriters Trust Co. (N. Y.) (quar.)——
Union Asbestos & Rubber (quar.)
United
$4.25 preferred
5-10
4-
'
>
5%
United
3-20
8-15
Co.
l-V't1
5-13
",.;4-
——.——25c
Ltd., 7% pfd. (quar.)_—;
$$1.75
6%
Co.,
i
25©:
;
'
Co., 8%
pfd. (quar.)__
Co., 7% preferred (quar.),
Water
j.
3-13
1
4-
,
J20C
(Wm.)
Electric
4-15
3-20
4-
25©
$1.50
prior preferred (quar.)
Co. (increased quar.)
Paper
3-22
25c
Trinity Universal Insurance (Dallas) (quar.)
At
the United States and
3-20
1
4? 1
$1.25
preferred (quajr.)*.-,A-i4--A-,A**,*L-
4-1
5
are-
per.
;
"
Westmoreland,
3-15
4-
31%C 7,5-, 1
(quar.)
Westmoreland
3-15
■
(accum.)
—
Light & Tel., 5% preferred
Weston
3-15
-4-1
;
.
&
3-13
*.
$5.58
preferred
5%
-'3.-15-
1
4-
6%
3-20
.
4- 3
#
preferred (initial)—.—.—~+$1.12%
Trailmobile
Co., common—,
12%c
$2.25 conv. preferred (quar.)—56%©
Trenton (N. J.)
Banking Co. (quar.)
Y: 70c
Tri-Continental Corp., $6 pfd. (quar.)
„n
$1.50
Trico Products Corp.
(quar.)
—
62%©
Pacific RR. Co.,
4-15
t$1.75
Western Tablet & Stationery Corp.—
•f:
4% %
Twin
3-15
Western Insurance Securities Co.—
2-15
1
1 '
4-
40© y
Co,
(quar.).—•
Traders Finance Corp.. Ltd.-r^
i
Tuckett Tobacco..
3-20
3-15
cents
30
per
4-
(initial)--^—-i-—- 'JtSOf-Cq.
(quar.)_
$$1.25
'■■Quarterly-.
4-1
4-15
4-15
25©
—
4-
Mortgage
Torrington
(-qua©.)
4-
;
A
preferred
than
3f26 X
t$2
Commission.
Communications
of Reo.
4-1
$75c
quar.)_
4-18
(monthly)
7%
preferred (monthly)—
Tooke Brothers, Ltd. (Interim)-^—.—$25©
Toronto Iron Works, common (initial)
$15c
Class
7%
2^1$
4-18.
filed by this corporation with the Federal il
Rates would be reduced to not more I,'1
full-rate word from all places within the United;
States to alf points of the world where communications services now
under tariff schedules Just
Holder»
Payable
m*2o
(s-a)_,_
(Toronto)
Extra
American
(quar.)
Toledo Edison Co., 5%
pfd.
Co.
Assurance
.Western Department Stores (initial
Western Grocers, Ltd., common.,—
Tobacco Securities Trust Co., Ltd—
1%:
8hare
Name of Company
Western
93%©
$7%©
——•
Tip Top Tailors, Ltd. (quar.).
When
per
Holder*
Payable
'
Share
profit
$67,051.7
11,287?
—
■
——
proflk bef-. prov. for Fed. taxes, on income:
9154,464
111,410
.
7,107, f:
136,404".
v
$18,05ft
11,056,
15,464
$40;457/
$8,461
$28674
$8;4i6L
Provision, for. Fedqraltaxesw qtl ineome-L—-i—i:
r
;
■
Nek
*
•J
y'v
,
•')'\^%
"V''r
'
;f4
*V/'' f,% $ ,r!{ "'i'H '~i f' ''^'
Volume 163..Number 4477
^''
»'f
n
?! ''f
'*}
•'
//'•'V'' /£;$
;
;
' 1
*
*
'
'J
s <■
ll">
V«
<•
Vf*v"V
'
i\1'" ,,! v''{ l,'' '
' '<
';>:M
#V .••/
,"1
\
THE COMMERCIAL & FINANCIAL CHRONICLE
iJ.V
*
,
"
Reynolds Spring Co.—No Dividend Action Taken—
it
Announced on March 23 that
was
held
March
on
took
1
action
no
the capital stock, par $1.
March 31,' June 30, Sept.
the directors at
the
on
dividend due
their
Schenley Distillers Cprp.^—50-Cents
.
on
Distributions of 25 cents each were made on
29 and Dec. 31, 1943.—-V. 162, pp. 2792, 1399.
•the lO-for-7 spht-up.—V.
163, p.
»
RichmondJFrederlcksl)urff & Potomac RK.—Earnings
Month of February—
Gross
1946
$2,902,119
900,161
1,405,997
1,691,133 ^1.678,243
410,394
:
173,398
277,679 »4 290,144
from
Net
Prom-Jan. 1—
Gross
Net
—V.
4,652,088
1,895,362
income—;
oper.
ry.
$2,778,481
8,860,966
866,522
163, p, 1479.,
3,531,567
585,054
5,888,887
3,629,326
1 629,181
net
Corp:, headed a syndicate which on March 27
offered in the; United States market $23,200,000 first
mortgage 3% sinking fund bonds series A, due March 1,
in
the
of
money
United
as
bonds
coupon
principal,
in
denomination
fully
and
LISTING—Company,
registered
of
,
and
The: balance of
the
proceeds from the
the
on
until
EFFECT
TO
PRESENT
Authorized
mtge. 3%
sinking fund
series A, due-March 1, 1971
serial
bonds,
(U.
redeemable
An
Net
25
extra
cents
net
load
.,c
,
.
/
the
and
bo
■
;<.
sufficient
principal
amounts
underwriter, are
names
of
bonds
of
the
P.-pP.
Brothers-'
,4
McDonald
&
Co.—
&
Co.
of
Stone,
Webster
&
curities
v
Total power
Total
and transmission
transportation
Total
:•
r.'
'1945 s
$5,783,886
'187,669
$5,971,555
expenses
2,381,505
operating 'tevenuei——$3,590,049
Net
other
$3,711,333
3,906,022
399,607
expense
SHEET,
S.
on
JAN.
31,
1946i
'
•
income;
104,229
1
"
;
tax
savings
Total
Net
income
Preferred
Common
-V.
—
1,577,254.
^917;696
$1,199,328
dividends
.
dividends.
163, p. 1290.'
state
for
possible
income
tax
wage
and
Feb.
>
'
«■*
x
/
$252,125;
increase,
renegotiation
n
*;
of
shares
of
is
$2.50
offering7to
cumulative
the
holders
convertible
war
of
prior
preferred
stock
nor
scrip
initial
certificates
the
Compariy
Prior
tthe
to
the
buse3>
period
war
manufacture
trucks,
tires
.of.,the
and
sale
trailers,
the
of
company
rubber tires
was
and
engaged
tubes
primarily
for
tractors
in
automobiles,
Distribution
and
tubes
was
March 22 filed a registration, statement .with the SEC'
first mortgage bonds due April 1, 1976.
Bonds will be
bidding with successful bidder naming interest
Price to the public will be filed
by amendment. Proceeds will be
rate.
used
to redeem
100
at
tion
and
any
purposes.
$3,635,000 first mortgage bonds, 4 V2 % series due 1947,
balance will be added to treasury funds for Construc¬
Names
of
rV. 163, p. 1576.v
•.■
.
•
underwriters
will
be
filed
by
amendment.
•
.■
t;
.The stockholders will vote at a special meeting April 12
^plit up the common stock three for one;
-
on
to
Under
the proposal the
110,000 shares
from
authorized
the
to 540,630 -shares and the
is proposed to issue 324.378 shares
present
stock
common
$5 to $1 a share. L
It
.
company's
annual
dollar
-In
volume
years prior to the war.
addition to sales of tires and tubes,
of. sales
over
a
sold
tire
and
period of
be
h
plan
;
increased
value reduced from
par
„
of the
outstanding-108,126 shares of
basis.
would
,
new
stock in
common
stock
<
exchange for
on
a
3-for-l
The remaining. 216,252 shares of- new stock would
be held ih
company's treasury.
Under the plan, it could not be:issued without
further,stockholder approval.-j-V." 156, v. 166.'
.
the
.
262,375
-
706,600
p
Crl42,898
1,051,200
Crl6,091
$484,410
:
$504,882
—
.
982,994
^—
.
$644,581'
not
tion
and
amortization
of
deprecia-?
facilities, $5,452,346), $2,465,865;
emergency
developments and patents, $1; prepaid
charges, $40,470; total, $10,373,250.
and
expenses
other
deferred
trade,
surplus, $1,973,218; total, $10,373,250^-—V. 163,
Self ridges,
It
is
Ltd.,
announced
£725,998
3Vg %
'
>
148i.
p.
England—Stock Conversion
applications
for
conversion
into
the
new
mortgage
debenture
stock
received
from' the
prior lien and 5%
mortgage debenture stocks
the amount of stock available.
~
4'/?%
exceeded
1
London,
that
first
the
of
have largely
' ' •'
1-
*
-
"
"
0/'
,V'
<
''(j
V
a'/1-." -?*/'*'
*
"
1
,
Shell Union Oil Corp.—Registers With SEC—
The
corporation has filed a registration statement with the
SEC
for $125,000,000
25-year debentures.
The interest rate will be filed
by amendment.
Morgan Stanley & Co. heads the underwriting group.
The price to the
public will be filed by amendment.
The proceeds will
be used for the payment of
$5,835,000 serial notes due Jan. 15, 194|-53;
$66,155,000 15-year, 2yj>% debentures due July 1, 1954 (exclusive of
'
$9,815,000
held
in
the
treasury);
and
$13,071,000 20-year,
2%%
sinking fund debentures; due Jan. 15, 1961.
The remainder will be
used from
the company
rubber heels
.
During the period 1935-1939 inclusive,' export sales of the company's
products, effected through "(agents and distributors in more than
foreign .countries, ranged between approx.
$.5% and 10% of the
company's annual net sales during that period. The manufacture and
;sale of products in Canada was conducted by Seiberling Rubber
Co. of Canada,: Ltd., v which at that
time was a majority, owned
subsidiary of the company.
.SB
Prior
A
"cost
of
supplement
been
put
;to the war the company purchased the
rubber required forj
through brokers and from dealers in crude rubber on
market. It purchased about 40% of its tire cord-and fabric
requirements from Morgan Cotton Mills, Inc.
The balance of
its
to time for
corporatepurposes.—V,
165, p. 3118.
living"
wage increase averaging SVg cents an hour to
cents
an
hour
increase made last November has
13
a
into
effect
John W. Leslie,
of
as
March
11
this
by
company,
according to
President.—y, 163, p, 1576.
Sinclair Refining Co.—To Connect Pipe Lines—
Arrangements have been completed for
City refinery to the Great Lakes
connecting
Kansas
ing
to
the
only
announcement
an
Sand
the Sinclair
Springs,
Sonotone
,
Company
for
A
60,000
be
and
Line
27.
At
Coffeyville,
the
company's
system,
the
accord- ',
present
refineries of
When the Kansas
connected to this system.
it is excepted that approximately 30% of its
moved through the line instead 'of by rail.
■>■•
t.
to
registration
convertible
statement
preferred
with
Noel
retire
a
working capital.
&
The
a
per share.
Of proceeds, $250,000
note and
approximately $550,000 to
ban*
Underwriting
Co,
vote
at their
.
con¬
aug¬
is headed by Van Alstyne,
group
...
stockholders' will
to
increase
proposal
SEC >
stock,, series
public is $25
reacquire from a bank all of the customers' instalment
payment
tracts previously sold to the bank.
The balance will be used to
ment
time
Kans.,
Corp., Elmsford, N. Y.—Registers with SEC
Price to
used
Pipe
March
on
011 March
25 filed a
shares $1.25 cumulative
(par $20).
will
made
Okia.,
company are
City plant is connected,
gasoline output will be
—V, 163, p. 1576.
manufactured
tube
accessories and repair materials,
retreading
and; soles, mats; extruded goods and other
rubber products. Shortly prior to the war the
company added certain
lines
of
diversified
merchandise, including batteries,
spark
plugs,
tools and other automotive articles and
radios, bicycles and miscel¬
laneous dtems, ^such items being purchased from others and resold
.to, distributors and dealers.
.materials,
time
Signode Steel Strapping Co.—Wages Increased—
...
,
Sayre & Fisher Brick Co—Proposed Stock Split—
taxes—
tax" (net)
made
several
.
on
surtax
43,532
51,922,690
243,000
company,
holders
and5 farm implements.
principally in- the replacement field,
sales by the company in such field having
averaged over 80% of its
tire and tube sales on a unit basis
during the six year period ending
with 1939.
During that period the volume of unit tire and tube
sales. of> the entire industry in the replacement field .was relatively
stable:' The company sold Jtires for original
equipment upon specification by purchasers of automobiles, trucks and
buses; and also supplied
tires and tubes • to certain bus,
trucking and taxi cab companies on
a
mileage basis. A substantial portion of the company's sales was
comprised of truck a^nd bus tires, such sales, constituting over 40 %
of
275,007
1,260,000
competitive
and
10,244
$1,586,881
consolidated, $668,910; other non-current investments and
receivables.
$119,354; property, plant and equipment (after*reserve for
Export Co. (Ohio) engaging in export sales and Seiberling Rubber
Co., Inc.- (Virginia) - engaging in sales in that state, both of which
are wholly owned.
.
$3,750,000
at
income
11,865
$1,465,882
254,400
-w
for refund of Federal taxes^.
earned
will
HISTORY AND BUSINESS—Company was incorporated in Delaware
Nov.
16,
1921.
Its only active subsidiaries are Seiberling Rubber
$1,126,435
840,000
28,759
$1 ,879,157
in¬
receivable, United'
States
Government,
$64,315;
notes,
accounts
and
acceptances re¬
ceivable, trade $2,606,988; inventories, $2,798,671; other current
assets,
$46,517; investments in and amounts from affiliated
public
pibceeds wflt bh utilized, to retire $1,300,000 154%
siftking fund debentures, which redemption will require
$1,345,500, exclusive of accrued interest, add to retire, either pur¬
suant to the exchange offer or by call for redemption, the
presently
outstanding 14,756 shares of prior preference stock.
The
balance
(estimated to be not less than $1,180,403 and not more than $1,198,848)
will be added to the company's general funds.
">■ x
$3,897,126
1,629,625 >1,623,439
891,6571,147,252
274,912
on
contingencies,,
$200,000; $2.50 prior preference stock (19,316 shares no
par), $965,800;
• preferred
stock, class A (par value $100), $1,879,200; common
stock
(271,106 shares no par), $271,106; capital
surplus; $1,871,096;.
PURPOSE—Net
$3,814,575
82,55-1
270,441
840,000
loss
ASSETS—Cash on hand and demand, deposits,
$1,176,661; United
States Government Bonds, $226,510; claim for refund of
Federal taxes
due to accelerated
amortization, $158,989; accounts
"
2,058,220
$1,148,728
85,857
$1,576,637
5%
The
-
.31,653
$1,907,917
$1,207,777j Federal fncome
and excess profits taxes
payable,
(after United States Treasury Tax
Savings Notes, series C, $898,0001, $112,723; accrued
liabilities, $380,-'
671;. other accounts payable, $124,083; 15-year 4% sinking fund deben¬
tures due Sept.,28, 1946,
$100,000; 15-year 4% sinking fund debentures
due Oct. 1,
1958, $1,200,000; deferred income, $9,233;
reserved for
insurance on branch inventories, $78,342; reserve for
-r'
■
57,783
$1,662,494
30,533
LIABILITIES—Accounts payable,
pref¬
therefor
prior
issued.
$1,876,264' v
CONSOLIDATED BALANCE SHEET OCT. 31, 1945,
No fractional
of
of
for
reserve
Net income for year
-«}j'..Ap
OFFER—Company
$1,604,711
s
$1,454,017
—*
profits
Claim
the
redemption)
and
sold
Excess
.
$5,872,795
»
.3%
1944-V'^i;l943/':'
$1,484,550
Total income
Normal
1,
••
—
Income before Federal taxes»(.i;
payable, $300,000; accounts payable, $943,675;
deposits, $3,854; accrued payroll, $177,398; ac¬
reserve
———
vestments in St amounts due from
Affiliated company
exchange period will expire at 12:00 noon, EST, on April 2,
and any shares received after that time will not be eligible
exchange.
Any shares not exchanged
will
be
called
by
the
'company for redemption on or about May 6, 1946.
$5,282,926
$5,716,384
•
199,238 •;>
156,411
St, Joseph Light & Power
€o.~*Registers with SEC—
for
;
Decrease in
1946,
income-'.——$3,694,278 : $3,670,010
deductions—.
Pron lor/iiiC, 'and^)6X.-ptofv^^ takes—
:
notes,
.
Gross
6%
830
for
1943
$3,569,743
100,267
1,657
$1,417,820
66,731
income.
Other charges
shares
•
$5,482,164
1,912,421
6%.
t
hand, $1,941,144; U. S. Government
Government
income
Total
'
of which
stock
be
1,000,000
1944
'
14%
,
Operating .profit ;
Other
$473,041
—
the: prior preference stock over the
offering price of one share of the prior preferred stock.
1,000,000
rev..
U.
and
outstanding
.of
1,850,000
rev
1946
allowances
year
Corp.-
operating revenue——"—
Total .operating
Total
•"'■■■
and
returns
right- to exchange such. shares for shares of 4!/a%
prior preferred stock on the basis of two shares of prior preference
'stock (stated value $50 a share)
for one share of prior preferred
stock (par $100 a share),.plus $5.48, being an atnount
equal to the
excess
of the redemption price of
two shares
(including accrued
dividends from April 1, 1946, to May 6, 1946, the anticipated date
(Company and Subsidiaries, Except Saguenay Electric Co.)
*■'.
Federal
14,756
200,00p
1,300,000
CONSOl-IDATm INCOM5 ACCOUNT FOB CALENDAR YEARS
»•
for
erence
.•
White, Weld & Co.—
10%
1,657
—
1945
notes
bond
EXCHANGE
to
Se-
Corp
Union Securities
18%
3,867.
2,762
—.——T-w
14%'
'
pre^-
250,000
Calif.—
29%
3,867
—
sales, less returns;.;——— $26,288,523 $22,904,821 $18,273,873
Cost Of goods SOl(J,
20,521,317
18,533,705
14,196,293
Depreciation
>246,860
214,985
191,140
Amortization;
.„■■■■
206,166
70,529
22,458
♦Accelerated amortization
1,013,945
v. 168,633
19,788
Selling, general & admin. exps.
2,882,114
2,311,283
1,960,506
Provision for doubtful accounts—
303
976
7,425
($100). Of the total offering f,378
shares are subject to an exchange offer being made to
holders of 14,756 shares of $2.50 cumulative convertible
prior preferred stock.
1,850,000
Smith, Barney & Co.—
——1,000,000
jlarrlman Ripley & Co.
1,000,000
J.'J. BrifilTiard"<fc ~Son
200,000
Kebbon, McCormick &
CQ.
200,000
31,
Percentage
4,972
Gross
ferred stocK at par
200,000
Pacific Co.
Inc.
JAN.
share:
per
CONSOLIDATED INCOME STATEMENT YEARS ENDED OCT. 31
^
TO
MONTHS
$100
8,010
—
Robinson-Humphrey Co.
Johnson, L&ne, Space and Co., Inci—
Seificrlingr/ Rubtier Co.—Preferred -Stock Offered—,
E. H. Rollins & ^ons, Inc., and associates on March 27
offered 35,000 shares of 4%%. (cumulative) prior
1,000,000
Minsch, Monell & Co._
Morgan Stanley & Co-
of
The
1946 the company borrowed an additional $2,$200,000 constitutes a current liability and the bal- '
of $1,800,000 constitutes additional funded debt.—V.
162, p. 288.
ance
Kidder, Peabody & Co. $1,000,000
Corp.—
1,000,000
1,000,000
Sachs & Co.
on
121,254
$138,112;
NOTE—On
jLee Higginson
Lehman
price
a
Schwabacher At Co.
Pay¬
April 2, July 2, Oct. 1
$500,000;
receivable, $1,030,886; reimbursable expendi¬
terminated, $802,726; inventories, $4,927,770; total
$191,440; net plant property and equipment, $3,359,305;
and
war
taxes,
000,000
each
•
at
names,
Sons, Inc.—
Hayden, Miller <fc Co,
Hayden, Stone & Co.
"
respec¬
by
■.
1,000,000
Glcre, Forgan & Co
Stuart
the
and
purchased
' "'
*
•
—
Halsey,
be
to
follows:
as
Mellon Securities Corp. $3,250,000
Blyth & Co., Inc."
1,000,000
Bmsh, Slocumb & Co._
200,000
Dillon, Read & Co., Inc.
1,850,000
The First' Boston Corp.
1,850,000
Goldman,
underwriters
severally
respective
Central Republic Co., Inc.
C. Allyi* and Co., Inc.
$1,299,050; miscellaneous reserve accounts, $138,065; funded
$2,700,000; reserve for service warranties, $333,894; common
stock, $5,500,000; earned surplus, $4,802,453; total, $16,588,626.
minimum
average
4£ expected fcd
their
A.
:debt,
wliouyiijw^
UNDERWRITERS—The
tive
opposite
Shares
contract
war
reserve
..
'The company has three subsidiaries, Saguenay Transmission Co., Ltd.,
The Alma'& Jonquieres Ry. Co.r and Saguenay Electric Co.
TheSe
are
below
.
assets,
patents and good will, $1; unamortized development expense, $238,187;
prepaid taxes, insurance and other expense, $147,167; total, $16,588,626.
generate.J60,'QOQ($^
subsidiaries
forth
by
last,
2,
•
for
Trading
contracts,
factor
thd:/plant
1945
Jan.
on
-
18,792 shs.
297,939 shs.
vr
issuance upon conversion of prior
preference stock
48,357 shares were subject to warrants which
expire July 1, 1949.
UNDERWRITERS—The principal underwriters have
agreed, severally
and
not
jointly to purchase (1) the number of shares of prior
preferred stock- set forth below opposite their respective names and
(2) the percentages of unexchanged prior preferred stock set
$594,295
$3,450,000;
other
5,400,000
sinking
85%
at
paid
r-—-—
accounts
tures
principal property of the company is a hydro¬
plant, owned and operated by it, located at Isle
Maligne on the Grand Discharge from Lake St. John, having an
installed generator capacity of 42Q.000 kw. and a turbine capacity
of
540,000 hp.
The dependable generating capacity of the Isle
Maligne plant (giving effect to recent agreements affecting stream
kw.
each were made in
loss
securities,
The
available at
like amount was
BALANCE
generating
260,000
of
ASSETS—Cash in banks and
an Operating hydro-electric company.
It is
principally in the generation and sale of electric power at
wholesale, exclusively within the Province of Quebec.
A wholly owned
subsidiary, Saguehay Transmission Co., Ltd., is engaged in the pur¬
chase and sale of power and the furri hing of a custom power trans¬
flow
the
of
—
BUSINESS—Company is
water
terms
Loss from operation
Other' income
engaged
is
formerly owned
was
the
(no par)
;
Selling, general and administrative
50,000 shs.
flow)
sold
under
35,000 shs.
-
•
210,000shs.
service.
seized
INCOME STATEMENT 5
crued
(par $100)—*
•
18,792 shs.
500,000 shs.
and
LIABILITIES—Notes
50,000.shs.
mission
Was
reserved
were
Dec»; 28.—Vi 157, p. 1276.
employees
5,400,000
•
,
♦By amendment of the company's certificate of
incorporation, adopted
1946, the common stock was changed from shares
without
value to shares having a par value of $1 a share. As of
Feb. 27,
1946, 297,939 shares of common stock were
outstanding, 36,890 shares
.
property to be
Grdss sales, • less discounts,
Cost Of goods -sold—
Outstanding
Common shares (no par)-u,i;—,—300,000 shs.
electric
the
.
FINANCING
$23,200,000
-debentures, due 1947-1952
dollars)——-————
preferred shares
of
par),
S.
(Canadian
fund
shares
of
sale of
$23,200,000
35,000 shs.
------------
stock
.
Outstanding
par
Seeger-Sunkeain Corp.—Listing of Common Stoek—
.
——
4Vi %cumulative
232.5
FINANCING
stock, ;
Feb.: 27,
and $125,198, respectively, and
respectively, for 1944 and 1945.
$100 par value capital stock will
$126,971
$27,799,
The New York Stock Exchange has authorized the
listing of 1,100,000
shares of common stock ($5
'
First
2%
of
and
♦Common
12 [ o'clock
Markham said
ments of
bonds and serial debentures will be applied to the prepayment
the company's outstanding 2'/a% bank loan notes, due Aug. 31, 1946,
in the principal, amount of $400,000 (U. S. dollars).
The additional
sum
of approximately $50,000
(Canadian dollars) required for such
purpose and the accrued interest oh the securities to be redeemed
will be paid by the company from its general funds.
—
c'Jpar $100)
PRESENT
Authorized
.,
5% cumulative class A preferred
stock,
.(par $100)
;
—tfc.4w
Property
the
GIVING
_
cumulative prior preferred
A quarterly dividend of 50 cents per share has been declared- on
the. common stock, ; no par, payable
April 1 to! holders of record
of
dollars)
1945
$27,652
Alien
March 26.
expenses,
together with the proceeds
from
the
sale
of
$5,400,000 (Canadian dollars) of 2% serial debentures due 1947-1952
(to be sold privately in Canada), will be applied to the rdemption of
(A)
$23,330,000 (U. S. dollars) first mortgage 4'/4%
sinking fund
bonds, series A, due April 1, 1966, at 103; and (b) $4,665,000 (Cana¬
dian dollars) fitsfc mortgage
jinking Tundbonds;; >«eri»f D; dtte
CAPITALIZATION,
CAPITALIZATION GIVING EFFECT TO
h
and
has been gradual,
commencing well before the
substantially completed.p;
now
JS; H. Rollins &
upon
103.
and
...
Securities Investment Co. of St.
Louis—Larger Div.—
without
estimated
at
production
ended
war
public
,
"exclusive, of accrued interest, from the sale
bonds, estimated at $23,842,404 (U. S. dollars) after .deducting
1966,
peacetime
$1,000,
bonds
.
April 1,
'
Markham on March 21 an¬
sale 23.25%
of the out-
E.
James
offering at
was
Germany and
;;iWith the Enemy, Act.
PURPOSE—Net proceeds,
the
of
bids
of
nationals
request of Mellon. Securities Corp., .will
use
its best efforts to procure in due course the listing of the bonds
upon the New York Stock Exchange.
of
Custodian
he
1944
received
Mr.
America.
of
registerable only
coupons
in de¬
nomination of $1,000 or multiples thereof, coupon and registered bonds
interchangeable.
The
bonds
will
be
redeemable
at
any
time on
at least 30 days* notice (a) at general redemption prices, In whole
or
in part at option of the company,
or (b)
at special redemption
prices for sinking fund requirements Ccommencing in 1953) or. upon
cash being deposited with the trustee in the event all or substantially
all
of
the
specifically mortgaged property shall be released from
the' Hen of the trust deed as the result: or: in- anticipation of the
exercise of the power of eminent domain' or similar power.
to
as
>'
Neb.—
noon,
CST, April 11, 1946, by the
Custodian, 135 South La Salle St., Chicago
3, 111. All bids on seized enemy property are subject to acceptance
rby the'Custodian, v
„„.
•
■.
5t*
.?
•• *.
'1
Peter and Dalton, First National Bank
Building, Omaha 2, Neb.,
are attorneys for the
company.
p
'
;
■>
Principal and
States
National Trust Co., Ltd., Montreal, Canada, and Central Hanover Bank
and Trust Co., New York, as trustees., Definitive bonds are t©< be
issued
'
,
1, 1946, due March" 1, : 1971.
lawful
for
Office
.
dated. March
payable
>"
•
until
or
,
income
(be
1971 at 105 and interest.
Bonds ai'e
f
•
principally
Sealed
Securities
interest
'
r
Co.,
1771
it .reached its peak in 1943.
During the
31,
1942 to Oct. 31,
1945 Inclusive, sales under
subcontracts, including contracts for tires, tubes,
accessories and repair
materials, represented approximately 48%, 52%,
45%, and 35% respectively, of the company's total dollar sales,
rp
p'. The transition of the company's business from war production to
in
real estate
and securities
investment. The
reported net worth of the company as of Dec. 31, 1945, was $936,242,
the Custodian explained. He added that the company reported total
Bonds Offered—Mellon
—
that
engaged
income
Saguenay Power Co., Ltd.
"
*,
'''\
>
Oct.
contracts
war
1576.
.
Investment
increased
ended
years
sianding capital stock of this company, the office of which is located
at 1516 Dodge*St., Omaha 2, Neb.
; ;Mr.
Markham
said. this
company,
a -Nebraska
corporation, is
•, •
'
.
6.319.315
2,769,323
" 381,902
-
^
Alien"' Property
a
nounced
■
railway—-
railway——;
from
from
Net
...
$3,066,368
•
SehfiioIIer
Omaha»
23%% of Stock Offered at Public Sale—
1943 '"
1944
•>
(The)
-
$2,217,288
railway^
from
railway.™-,ry. oper. income—
Net
1945
thereafter
New Stock-^-
on
■the", directors have declared a dividend of 50 cents per share on
the common stock, payable May 10 to holders of record April 20. - This
is the same amount as the company paid on the old stock prior to
meeting
time
this
at
' '
>
■
..J"
annual
""meeting" ori April 9 qif-
authorized
capitalization from $1,000,000 to
1,500,000 shares of $1 par common stock and
$3,500,000, to consist of
100,000' shares of $20 par preferred stock,—V. 160,
p.
2653.
Southern Colorado Power Co.—Weekly Output—
Electric output of this company for the week ended March 23, 1946,
2,080,000 kwh., as compared with 2,009,000 kwh. for the cor¬
its
business
totaled
the
open
responding week last year,
tire
cord
and
fabric
requirements was purchased on the open market
In connection with the national war effort
the company manufac¬
tured, in addition- to. tires and tubes of
all
types, bullet sealing
r gasoline
tanks for war planes, pneumatic rubber
pontons,, inflatable
landing
and life boats,
rubber
gas
mask
facings and other war
.
products.;; Such-- war. productiqa .commenced..as., early,
as
1941
And
Declares
The
the
directors
common
March 30.
last
year,
an increase of 3.5 %.—V.
163, p. 1614,
12,4-Cent Dividend—
have
stock,
no
declared
dividend
a
par value,
which
was
followed
Jan; 15, 1946.—V. 163, p. 1614.
by
.
of
12 Vi
cents
per
share on
payable April 15 to-holders of
An initial distribution
of
like amount
another
.
was
payment
.
record
paid on Oct. 15,
of
12 &
'
cents
on
Pacific Co.
cipal and interest by Southern
Issue
The
was
similar coupon.
a
ject to authorization by' thevInterstate Commerce
•r-
?
.
^
" -33,727
5,782,966
Working funds
Receivables
at
supplies,
and
Materials
3,071,994
issues—
refunded
on
<
7,327,104
outstanding
now
derived from the sale of the bonds,:, to¬
gether with such other funds as may be necessary, to be paid by
Southern Pacific Co. to the railroad company in reimbursement of
open account advances, will be applied by the railroad company to the
redemption, on or about June 13, 1946, of $25,000,000, first mortgage
toonds, 27/« %, Series A, due Jan. 1, 1961, at 1018/« and interest.
PURPOSE—Proceeds to be
opinion of George L, Buland
^associate general counsel, and Charles L. Minor, general attorney, of
Southern Pacific Co., is (subject to certain minor exceptions) a direct
first lien on. approximately 2,988 miles of
road (first main track),
consisting of approximately 1,989. miles of main lines qnd approxi¬
mately 999 miles of branch lines; a direct first lien on properties of
the kinds enumerated in the first mortgage, excluding rolling stock
and equipment, appurtenant to the mortgaged lines of railroad, and
a 'direct
first lien, by way of pledge, upon certain securities owned
by Southern Pacific Co.
Through such pledge of securities the first
"mortgage is a collateral"lien on approximately 1,175 miles of road
Y <first, main
track); consisting of approximately 778 miles , of main
lines and approximately 397 miles of branch lines. -
Total——
——
original preferred stock
....
preferred stock, series B
Vsf/e preferred stock, series C
4,000,000
46,852,868
34,588,963
5%
5
stock
Common
:—
•
'
Long-term debt
William
Earned
interest
advances for construction—
surplus
Alex. Brown & Sons——
Butcher St Sherrerd—
Coffin
&
Cooley
&
Company
Dain & Company.
M.
JDavies St Mejia—
ft. L. Day & Co
Pick & Merle-Smith
& Co
Maynard H. Murch & Co.
Prexel
St
Pacific Northwest Co._„
Phelps, Fenn & Co.—'—
300,000
150,000
Joint
Co.
Hallgarten & Co
Harriman' Ripley Si'Co.,
Inc.
•
-
y
Kalman & Company.
Malnt.
Tucker, Anthony St Co.-
50,000
50.000
750,000
V
%
>
—
100,000
of
Hire
Joint
Securities Corp.—
order.
19,662,842
30,869,516
Operating
.
Witter
1,608,716
.it is
not
always
1,137,188
1
Prov;
v
In
a
39.012
227,427
212,768
54,982
jr 26.405
1,636,632
862,532
1,628,067
552,832
and
7,860,792
6,587,940
6,442,976
707,899
359,469
on
surtax
•Excess profits tax——
frequency change exp._
9,158
10,007
—
pivs. on Orig.pfd.stk.Pivs. on preferred stk..
Pivs.
on
Earns,
common
per com.
stock.
share..
30,339,050
36,934,652
38,587,975
oper.
Operation
2,891,429
2,996,100
35,930
74,564
33,336
55,328
income
313,603
305,691
discount
of
4,515
11,664,650
-——
16,298,721
22,261,81^
dividends—
3,000,000
3,000,000
23,528,589 f33,388,868
3,000,000
3,000,000
3,894,600
3,894,600
2,596,400
'
$10.24
$14.84
$15.81
5,722,000
8,667,000
3,883,500
GENERAL BALANCE SHEET,
■
239,951
4,783,378
239,938
4,783,570
4,772,619
4,774,976
$1.60
$1.43
.
293,953
4,783,324
4,771,436
$1.57
Bonds
1944
1943
Notes;
1942
;,y:' Advances
4,573,243
Other investments;
Stocks
,
191,879
—5,342,000
6,495,975
Temporary cash invests. (U, S. Treasury
;
y:
'
Bonds
—
$33,333,297 $31,971,654 $27,089,843 $24,852,705
l, 193^)90 ^ 1,027,711 "
830,400
678,673;
14,963,000
13,098,600
8,667,000
Miscellaneous
accounts
and
Other
accounts
current
Working
Insurance
Net
income
Dividends
;
—-
paid
«After deducting
X943
—
$10,496,179 $10,354,040
9,796,107 ^ 9,795,948
$9,604,791 $10,112,099
9,798,484 % 9,798,713
.
922,030
753,102
612,524
25,901
298,323
339,155
268,134
*85,660
126,575
181,027
147,304
Other
fund
and
deferred
funds—
assets.
Unadjusted debits—.
'
—--i,
-
-
-
«
Total
-
registration statement'
Otis & Co. of
a
i
from
the sale
r
.
the
of
shares
will
be
available
for
ex¬
an
_
'Y. ■YY.
■
:.
expenditures
constructing
presently
for
the
•.'
/Y- yyy
' ;!;YY,V:;,.'' Y;Y
•
; Y;
■
have
also
been
made
for
new
resear*
has
also
amino
been
acid
developed ai
type of sterile bottle fill
laboratory model spray dri
for experimental research.—-V. 163, p. 161
an
entirely
solution.
perfected
A
new
new
161,250
28,758,136
72,300,000
Stokely-Van Camp, Inc.—Merger Approved—
stockholders on March 26 voted at a special meeti:
the merger with this corporation of Columbus Foods Cori
Co. and Hoopeston Canning Co.
The Columbus Foo
stockholders approved the consolidation on March 27.
V. 163, p. 1293
The
4,176,546
to
14,469,999
W.
6,546,730
317,774
common
approve
R.
Roach
820,827
3,934,318
.
with the SEC
laboratory studies on amino acids, Dr. Hiebert sai
work of expanding the amino acid division Is under the directh
of William J. Boegly, Vice-President in charge of
plant operatior
Under Mr. Boegly, the engineering department has
191,759
5,196,000
1,276,260
—Y
filed
the American iron;
prospectus states that 504,772 tons of iron ore were mined
shipped by the company in 1945 and that a substantially larger,
Additional
14,701,079
—
March 27
across the border from
Installation, new manufacturing and finishing equipment has t h
creased production of Parenamine, amino acid
solution, approximate
400%, according to Dr. J. Mark Hiebert, Vice-President and Gener
Manager of the Frederick Stearns & Co. division. '
14,167,614
■
13,689,502
——
on
2,273,96^
104,383
204,574
5,198,844
3,283,304
.
v
61,359
,
•
180,775;
4,114,393
Stone & Webster, Inc.^-New Vice-President—
/ Col. John S.. Pfeil has been elected
'•
a
Vice-President.
He was
with General Motors Corp.
ass
for many years and in several c
' j
v
„
Colonel Pfeil will make his headquarters iri Boston
Mass J b
•will be closely associated with the Nc-w York office of Stono St' We
plated
pacities.
3,090,766
670,000,601 703,795,021
J:
which produces high grade iron ore from aubstan-v
company,
apparatus for
1,811,196
"
advances
other
railway...
Increase Amino Acid Production—
1,541,043
—
receivable
assets
railway
The
postwar refund of $1,455,400 for 1944, $963,000 for
and $431,500 for 1942.
64,555
536,154
;
,,
1944
10,112,915
receivable
supplies..
Accrued
3,883,500
46,160,000
4,505,890
notes)
Special deposits——--—.—-—:—.
Balances due from agents and conductors
Interest and dividends receivable—
-
■
• 156,523
39,664,117
-
...
—
Material
.
deducts.
tax
119.161
71,708
11,368,125
350,429
v
Advances
$35,026,387 $32,999,365 $27,920,243 $25,531,378
5,002,708
5,120,125
5,273,452
5,763,779
and surtax
4,534,500
4,426,600
4,375,000
5,772,000
profits
1943
$288,861
151,298
<
The stockholders at a special meeting on April 25 will vote upon 8
plan approved by the directors to split the common stock, two for one,
Under the proposal, the outstanding common stock would be in¬
creased
from 240,000 no-par shares (including shares held in the
treasury) to 480,000 no-par shares.—V, 162, p, 1931.
a
>
.
6,480,688
♦Excess
1944
$370,012
146,053
58,718
1946
(A.) Stelh & Co.—Proposed Stock Split-Up—
is
>
—-v———'
6,620,591
tax
■
—— ,
—
.7,111,610
Normal
1945
$443,645
21,163,184
-
—
local & misc.'tax.
other
Rapid Transit Ry.—Earnings—
oper. income
;Y Y'.;YY-"' .YY
DEC. 31
20,985,545
15,098,137
—————w—w——'
.350,429
—:
*
——W 13,423,506
Stocks:
Cash
income
patent.-*
>4"
Sterling Drug, Inc.—Division Adds New Equipment t
.
8,802,258
and
r-:
is
S'yvYKY-::
$
♦Total Investment in road and equipment--.. 480,852,931 498,483,990
851,025
Capital and other reserve, funds
435,030
782,217
♦Miscellaneous physical property
945,352
Investments in affiliated companies:
$9,575,095 $10,017,487
2,035,930
Gross
the
Public
13,007,719
ASSETS—
8,606,161
Int.
infringing
ore properties.'
,
!•
offering price of the stock has not been determined but it
anticipated that it will be related to the market quotation at the
time of offering.—V. 158, p. 2476.
I
$23.41
-
dividends
2,172,330
"
valid. <; The
Tide Water,
is not
against
gasoline
Standard
22,848
*32,167
Proceeds
—
Profit
7,871,365
.(net)—Y."-
by
pansion program, including the acquisition of additional plant and
equipment and further exploration and development of the company's
4,281
11,352,797
3,644,871
income--i-
from
filed
it charged with
#
Yy" '
iron
4,015
10,675,056
149,383
oper.
sulphur
suit
production is expected in 1946.
of excess profits tax of $5,090,000 in 1944, $5,508,111 in 1943 and $900,000 in 1942.
tOut of the
balance of the 1942 earnings ($30,388,868) a dividend of $2, per share
was declared Feb. 23, 1943, payable April 1, 1943.
$67,612,654 $63,931,630 $57,099,269 $53,223,531
———— 13,711,600
13,823,149
12,750,247
11,036,663
Other income
a
The
on
debt_———
8,233,521
Net
in
Co., which
*$286,059
ranges,
and
68,782
funded debt—
on
for depreciation—
Btate,
Third
covering 500,000 additional shares of capital stock,
Cleveland is named as the principal underwriter.
330,171
Earns, per com. share—.
5,776,474
4,365,000
13,098,600
239,946
4,784,037
4,772,124
$1.64
—
f
v
railway.—.—
from
-ore
32,310
531,031
Frequency change exp.—
Prov.
i
<■
Steep Rock Iron Mines, Ltd.—Registers with SEC—
2,618,373
2,464,137
32,102
leased roads—
Common
revenues—
Maintenance
%■!
railway—
from
The
49,446,222
funded
J
$24,949,588
449,873
5,279,320
1945
Total
f.
-
^
♦Deficit.—V. 163, p. 1203.
3,180,404
333,988
STATEMENT OF CONSOLIDATED INCOME FOR CALENDAR YEARS
,
removing
made
Oil
4ial deposits in Ontario Just
2,843,218
Int.
$27,886,415 $25,399,461
$10,249,163 $10,139,513
—
"i
1 T'fr
*
i?.
Net ry. oper. income.—
Y'Y-.v:.' Y:Y,\
3,518,811
for
ry.
32,969
•
149;384
income
for
was
from
Net
8,787,598
4,323,000
4,467,000
14,963,000
Net
'<•<)'r
163, p. 695,
Gross
♦After deduction of postwar refund
income— $34,841,854 $32,686,729
deducts. '"; 5,013,307
5,125,616
and
'bl
-
unanimous decision handed down in Philadelphia, Pa., the
a
process
106.557
6,241
accounts-
non-oper.
Amort,
6,446,438
other
tax
.
1,149,892
757,939
911,677
sees.-
unfunded
and
charges—
;
2,027,358
Gross income bef. Fed.
taxes
call'
extension, of 30
Month of Februarv—
1,627,986
3,521,283
Misc.
11,047,186
3,642,500
Net oper. income
$34,020,976 $32,019,987 $27,333,213
•Other income (net)—
820,878
666,742
553,202
Normal
^-w/>
From Jan. 1—- '■
26,817
1,576,862
from
Preferred
.
Commisslorihasgranted. thO: request of *
days, within which to
notes and deiientures.
further
Y!
1
Net
;v;Y'Y;YYY--;Y
;
Int. on unfunded debt—
State, local and miscell.
Int.
'
Net
23,414
V
19,673
Miscellaneous rents
1942
1943
13,908,981
taxes
73,680.
r?}P:
:
\
for a
State 11 Island
:
46,265,818
inc..
Rent
12,737,698
2,169,716
8,591,224
13,731,891
4,570,424
8,229,482
depreciations
176,903
Y
29,351
46,756 YY
•
30-day
Associated
■
22,907
224,702
225,797;;
funded
from
Total
--i;
$67,629,754 $64,020,200 $57,274,827 $53,258,168
7,076,981
for
20,676
%
U. S. Circuit Court of Appeals sustained a ruling by the Federal District j
Court of Delaware that Patent No. 1.865.885 owned by this company for
■
35,744,757
33,413,841
23,093
physical
income
Miscellaneous
CALENDAR YEARS
1944
1945
—
82,284
131,801
51,692
'-i*
308,269
Standard Oil Co. of California—Patent Decision-^-
1,008,842
rent income
securs.
Southern California Edison Co., Ltd.~Report—
—-
....
income...
1615,.
vj:>
2,095,788
1,217.540
property————
Inc.
reasons
possible.
revenues—
railway
company
p.
V
2,305,909
2,792.504
26,817,767
income
Misc. non-oper.
■
STATEMENT'OF INCOME (COMPANY ONLY) FOR
Maintenance
•
U
90,858,844
Non-oper. income—
from lease of road-
Misc.
300,000
& Co.——
arrange,
Operation
329,640
Commission, following the,
period given by Judge Paul Leahy in his order of
Dec. 29.
1945, for the company to call and pay off its notes and,
debentures in cash.
The company now has until April 19 to call its'debt, although the Commission granted the extension without pre¬
judice to the company to ask for an additional extension.—V, 163, •
Deductions-
Total oper.
13,174
353,350
-
The Securities and Exchange
54,817,747
1,814,583
4,276,139
73,591,553 104,067,063 108,927,898
Inc.
companies in exact alphabetical
However, they are always as near alphabetical
as
23,166
228.751
41
j
108,926^;
45.737;
.38.923
Calling Debt—
the
3,009,923
Total gross income—
position
•
(
$172,576,
$158,986
.
63,087 Y
original
1,221,332
rents
1943
1944 1
1945
$171,785
25,128
9,739
railway
oper.
ry.
^
.
Its outstanding $58,601,000 6^
This is the third extension granted by the
2,507,769
equipment
facility
Income
to
from
1
r
1946$125,063
income
oper.
ry.
Gross from
-
Dean
NOTE—For mechanical
possible
,
.....
railwayi.!$i!L
From Jan. 1—
Gross
V.
Dividend
■
Net
$7,108,927 $62,081,583 $79,769,461;.
\j^
Month of February—
from railway....
173,945,280 156,911,481 136,604.153 113,746,737
exps
oper.
.Net rev,.from ope—
t*} \
-
2,583,052
74,871,356
; 2,868,733
4,953,282
5,680,877
Jan. 1 to March 21
WeekEnd. Marhbdl
$5,759,934
1,189,422
37,125,333
2,749,396
62,008,204
2,309,140
5,495,269
40,980,700
17,738,70#,
5,483,102
4,138,709
2,200,098
;
30.65^358^26,916,811
75,692,924
2,753,933
5.494,288
37.906,324
17,369,009
5,497,789
earnings
163, p. 1614.
decision
Y;
'>• V,
equipment
42,129,351
5,148,322
Gross
204,60p8l
31,554,025
55,256,568
45,089,471
18,448,614
income...
oper.
-
50,000-
Inc.
—V. 163, p. 1614;
247,536,833 260,978,544 245.532,051
revs.—
3,193,541
Total
750,000
G. H. Walker & Co
; 150,000
Weeden <fc Co., Inc.—.—
200,000
White, Weld St Co
475,000
Whiting, Weeks St Stubbs
150,000
The Wisconsin Co
150,000
v
of
General
300,000
Union
dper.
.
35,460,213
10,212.036
V,
635,892
Transportation
Misc.
operations
750,000
' 200,000
„
750,974
Traffic
Stone & Webster Securi-
100,000
—
-
Boyce
50,000
Company
%
St
300,000
—
Johnson; Lane, Space &
J - Co., Inc.
Johnston, Lemon & Co.!.
' {?
■_
R. Staats Co
ties Corp. —.
—
Stroud & Company, Inc.
Swiss
American Corp.—
]% Kidder, Peabody & Co...
v
Barney & Co
Bros.
300.000
Hornblower Sz Weeks
W. E. Hutton St Co.
Illinois
& Company.—__
William
Stein
50,000
797,363
Operating expenses—
struct.
..
railway....
railway
Period—
Gross
531,164
4,449,855
Maint. of way and
50,000
50,000
475.000
750,000
50,000
100,000
Stringfellow
Chas. W. Scranton & Co.
Shields
J. J„ B. Hilliard; Si Son.
J. A. Hogle & Co........
The
St
Scott
100,000
400,000
50,000
50.000
__
475.000
475,000
Salomon Bros. & Hutzler
100.000 -M Smith,
Hayden, Miller & Co
•
Heller, Eruce. & Co
Hemphill Noyes & Co...
Henry Herrman & Co...
Hill, Richards & Co..
y
Y
.150.000
Ira Haupt & Co.—i
:
Sons,
;
—
.,
\
,1943
$18,629,309.
8.876,250:
2,844,347! i
6,519
4,526,166
—
facility
Total
,
Inc.
'750.000
„
50,000
——
&
Rollins
H.
E.
>
750,000
400,000
' ■
oper.
ry.
—V.
Robinson-Humphrey
The
Clore, Forgan & Co.——Y;: 750,000
Clover & MacGregor, Inc. 50,000
Goldman, Sachs & Co.
_—
1,194,015
|l
■
1944
1945
Y!
1,509,371
4,847,555
2,536,483
1,180,391
4,247,988
—
1946
$17,367,050 $22,570,009 $21,056,560
5,072,689 ! 9,696,812
8,937,780
income... ; -2,491,632
2,919,264
2,822,106
from
Net from
838,507
Incidental
Putnam & Co
300,000
———
837,582
4,539,731
3,067,286
——3,077,745
Other transportation—
1,244,937
Express
y
railway.....'.
from
?'
$
703,795,02$!
6,665,47i-
amortization/t
1942
V
6,514
$
,
4,860 f
148,905,004^
.—Vi 163, p. 1614.
1943
6,509
6,503
$
-
>
1,515,040
4,575,140
Mail—.—.
Jackson
Curtis
&
Pahey, Clark St Co
i ; 50,000
The First Boston Corp...
750.000
Webber,
ry.
Net
results for tiie
1944
and
From Jan. 1—
Gross
S ';p.
174,397,392 186,821,986 172,799,049 156,635,034
57,361,906
59,270,726
57,660,241 36,265,338
train
pass,
The
200,000
Co
&
Ohio Company.
Misc.
300,000
Paine,
-'
Passenger
50,000
50,000
50,000
Newhard. Cook & Co.—
operated,.—
Operating revenues—
Freight
.
750,000
50.000
150,000
Co.-,
Eastman, Dillon & Co.—
Elworthy & Co.—
—v
Equitable Securities Corp.
Estabrook
Moselcy
200,000
Dominick—
&
S.
Aver, miles
750,000
475,000
100,000
Morgan Stanley St Co.—
F.
Net
Net
1945'
—
I Weekly Gross £arnings<~
INCOME ACCOUNT FOR CALENDAR YEARS
Minsch, Monell & Co,—100,000
100,000
475,000
* 100,000
Pillon, Read St Co., Inc.H 750,000
from
100,000
%,
depreciation
Month of February—
from railway....
Net
cited in our issue of March 28, last.
were
\1--—50.000
Co.
ft. S. Dickson St Co.^ Inc.
Pominiek
President,
;
.....
EARNINGS FOR FEBRUARY AND YEAR TO .DATE.
Gross
1945; together with the remarks of Ernest E. Norris,
Louis
St.
Metropolitan
After deducting
Net
Ry.—Ahiiuai Report—^The
19,762
-V 6,656,115
155,309,221
surplus
surplus—appropriated
'
437,507.360 427.055,229
—w.
Southern
400.000
Merrill, Turben & Co_.„
50,000
♦
company has called for redemption on April 27. 1946. all of
outstanding serial notes, maturing Dec. 1, 1946, to June 1, 1954,
year
—
2,080,87$
1,005,752-f
890,099;;
10,181,972:5
1,527,029
939,993
12,500,411
—
credits..
surplus-^-unappropriated—
rNet from
Pierce,
Fenner & Beane
;
on:
Total
.
750,000
50,000
& Co,
JDavenport
Company-
Lynch,
Merrill
4,880,434'
•
' 2,284,359.
670,000,601
Earned :!
inclusive,, at the following redemption prices:
Immediate payment of the full redemption price, plus accrued in¬
terest to April 27, 1946, will be made upon presentation and surrender
of said notes at
the office of Ijillon, Read St Co., Inc., 28 Nasasu
Street, New York, N. Y.—V. 163, p. 1482,; v - r :
-
100,000
Mellon Securities Corp.—
50,000
200.000
100,000
50,000
Inc.-
Burr,
742.136;;
921,293
4,778,742
—
.Unearned
12,340,773
12,351,966
^
....
250,000
&
liabilities—..——.——..—
liabiEUes.^-—
unadjusted
; Earned
The
the
200,000
St Co.
McDonald
Other
Southwestern Public Service Co.—To Pay Notes—
750,000
Co.Laurence M. Marks
750,000
150,000
—
3,424,77liV
63,515,1161;
40,139,324
from other companies
Equipment—leased from other companies
>
-V. 163, p. 1614.
&
Carl M. Loeb, Rhoades
current
767,764
903,450
Total
750,000
-
1,340,534
1,208,289
—
payable—4,371,596
Operating reserves
Depreciation accrued
■Reserves96,387,100
89,028,348
Contribution in aid of cohstructio—i—i.-:^.-;' ^ 1,446,893y
1,393:134'
475.000
Brothers
Other
.Deferred
—
Accrued, taixes
50,000
Freres St Co.——
Lehman
150,000
& Co.——
Blair
Blyth St Co., Inc.
Lee
70,743,697
I.— 138,000,000 138,000,000
3,673,686
2,058,319
1,734,665
1,734,665
^ 401,388;
325,813
.—_1—1.._—
25,017,704
23,815,905
1,405,000
1,405,000
payable
payable
Customers' deposits
Customers'
4,000,000
46,852,868
34,588,943
.
70,743,697
Dividends
Accrued
—...
—
...
Accounts
300,000
Hi'gginson Corp.—
Lazard
Baker, Watts & Co...—
50,000 *
Ball, Burge & Krausiii.
50,000
Bateman, Eichler & Col-v 50,000
A. G. Becker & Co., Inc.
475,000
accounts
accrued
Road—leased
.6%
50,000
Laird, Bissel St Meeds—
W. C. Langley & Co.——
100,000 *
Bacon, Whipple & Co.—
—...
accrued—
-
principal
Kirkpatrick-Pettis Co
'■Kuhn, Loeb & Co.
$750,000
A. C. Allyn and Co., Inc.
300,000
unpaid
declared—..
interest
Taxes
•
purchased by each are as follows:
-amount
J.
and "the
bonds
the
of
1,661,963. '.3,251,075^
15,626,002:1
13,064,625
5,055,5361
5,366,974
1,276,938!
1,507,973
2,686,970 ;■ 2,791,46^
76,07q
103,448
3,223,650'
3,223,650
.—
-
«•
PURCHASERS--The ^purchasers
"Accrued
437,507,360 427,055,229
.—
payable.—.
wages
accounts
matured
Unmatured
LIABILITIES—
;
SECURITY—The first mortgage, in the
3,368,417
and
-
—
Unmatured dividends
7,899,729
j ; ;
3,368,417
——.
accounts
Dividends
3,385,735
-
—
Capital stock selling expense on original issues
Massachusetts.;!.;.;)'
:
7,315,598
cost
.
balances—Cr„...
payable..
Interest matured unpaid
——!!-■«....
Interest payable January 1
4,367,196
Prepayments and deferred charges
;
Debt discount, redemption' premium St expense
service
car
Miscellaneous
27,600.000
5,062,-321
3,202,569
:——--—
and
Audited
150,501
■r
33,730,908
obligation^ ?it cost——
U. S. Government
Traffic
4,695,869
————
.
Commission,
■
25,739,000 29,608,000
y
968,759 V 1,058,65ft
550,605' 1
v -550,605 t
Loans and bills payable^—
3,089,188
63,294
2,456,550
60,000,000 i
'207,820,OOofV
--U—- 194,650,500
—
obligations.!.^.
equipment. obligations^—.
trust
Miscellaneous
1,250,902
...
debt.—.——.———
Equipment
'
Special;-deposits
LEGAL INVESTMENTS—In the
Preferred,
Funded
2,359.545
1,614,052
oil development, etc.)
(real estate,
.-Cash; -—"u—
opinion of Cravath, Swaine & Moore,
these bonds will be legal -investments for savings banks in the States
of California,
Illinois, New Hampshire, New York, Ohio and Rhode
.island.,
The bonds will also oe -legal investments for, savings baa®®
-
plant
electric
on
U. S. Govt,
leased to com-
!
l,431,40w j
128,388,60(»
(1,286,038 shares, no par)—I-- 128,603,800
stock—60,000,000
stock
Common
$
-P.?
,
1,216,200
Common
1944
.
$•■■
j———370,605,850 362,760,157
(net)'
pany
Investments
guaranty of these bonds are sub¬
ISSUANCE—The issuance, sale and
'
Expenditures
awarded ,March
was
1945
.Yv ,;Y
Electric plant, i
Cost ofelec. plant requisitioned by
25 on a bid of 98.319,
The
that of Halsey, Stuart & Co., Inc., viz., 98.309
'
pother bid submitted
YvVv,
;
ASSETS—
VP,
,
LIABILITIES— ;;Y;'V
• V;
stock (par $100)—————-^—.
CONSOLIDATED BALANCE SHEETS DEC. St; '
Offered—An issue of
RR;—Bonds
Pacific
Southern
$25,000,000 first mortgage bonds, 2 V4%, series G, due
Jan. 1, 1961, was offered March 26 at 98% and interest
t>y Kuhn, Loeb & Co. and associates. - The bonds are
unconditionally guaranteed by endorsement as to prin¬
tor
Monday, April 1, 1946
;THE COMMERCIAL & FINANCIAL CHRONICLE
*772
ster,
.
•;■■,
-
1
•
Inc.—V. 162, p. 3238.
,Y
„.
"
olume
Number
163-
Submarine Signal
-See
4477
THE COMMERCIAL & FINANCIAL CHRONICLE
products
Co.-v.Merger Terms Changed—-'
manufactured
wear
Raytheon Manufacturing Co. above.—V." 163,
which
ment
1291.
p.
the
by
is of
company
moving parts
subject
fox* tise
sold
in
original equipment and for
Twin
Sun Ray Drug
All
UNDERWRITERS—The
Co.—Proposed Merger—
a
at
which holdsv a 90% interest-in Media Drug Co., plans
merger with the latter during the next few weeks, it was indicated
a stockholders' meeting held on March 27.—V.
161, p. 1138.
Sunshine Biscuits, Inc.—New Name,
See Loose-Wiles
•
of the
names
underwriters and
of shares of preferred stock and of common
agreed severally to purchase are as follows;
This, company,
of
Shields
Biscuit Co. above.
&
&
Eastman,
^Superior Steel Corp.—Sells Stock Privately—
.
casings
for
meats,
announced
Jcksburg,
pansion
the
and
Ceglin
extensive
an
demand for
textile finishes,
postwar
building
cellophane,
Sylvania
the corporation has
for its plant at Freder- '
program
Dean Witter & Co
Va.
Present
in
growing
plans
of
call
present
for
the
to
ones
manufacturing
tions soon.—V, "163,
erection
increase
*
1203.
the
buildings
new
capacity
Ground
process.
p.
of
will
be
of
each
broken
the
and
department"
for
the
addi¬
——
1,625;
1,625
1,625
1,625
1,625
1,625
867
867
867
March
on
22
declared
dividend
a
of
30
cents
800
800
V '£'■
::'.V'
Texas
The
';im "
' '
.'v.'*V
■??*'-
'■
'
■
Otis
'
Reynolds & Co*
•
Riter
Co^Buys Plane for Colombian Operations—>
Bouth. America.—V,. 163,7p, 1615; V*162,p. 3121.
Operating revenues
Operating expenses
Ry. tax accruals.-****.,
.
___
Equip,
rentals (net Dr)
Jt. fac, rentals (net Dr)'
Net ry.
Other
income**
opr.
income
Total
9,400 V
income 1
999,896
295,490
Stroud
Yarnall
$1,408,633
$718,747
$1,714,066
13,993
280,962
$623,824
$430,905
»_**
Miscell. deductions
Fixed charges
;
'■
468,196
Gross
562,211
$1,231,877
;
'
-
..,
.
balance
poses.
; The: new
sales, less discts'., etc...——,
;
875
875
875
.
w
■
875
.
875
875
of
products
sold
the
109,656,976
Shares-—*
Gross profit
Other income
-
first cumulative redeemable t con¬
called for redemption on July
1,
next, at $30 per share and dividends.
Payment will be made at the
Montreal Trust Co., 511 Place
d'Armes, Montreal, P. Q., Canada.
•
Each
share
stock, may
of
be
first
cumulative
converted Into
t'V 'i-r
i;
redeemable
shares
6,191,155
Cr6,209
6,897
—_x—
30,183
745,526
exchange
w——91,705
Plant moving and
rearrang. exps...
Development, expense
216,357
Royalties
17,605
Exps. in conn; with iss. of stock—
78,490
shares
before
Co* (& Domestic Subs.)—Sales Off—
1946—Month—1945
$1,663,476
**>*-*_*—*w**.
—V, 163, p. 822.
$1,928,906
'
.
.
1946-^-2 Mos.—1945
$3,075,523
Am<^rtv pf intangible assets,.—„
$3,717,432
Loss
.
'
Thompson Products, Inc. — Stocks Offered —
Smith,
Barney & Co., McDonald & Co., Shield & Co. and asso¬
/
preferred stock Are cumulative from March
on
15,
And
PURPOSE—The
proceeds
($8,302,460)
will
be
added
<
be
spent
Dividends
and
~Lr*as*
The
$3,000,000.
ceeds
of
in
amount
If
to
general
the
sale
of
the
are
funds
after
the
insufficient
addition
for
the
of
the
purposes,
GIVING
EFFECT
*
Common stock < no
par}*,
•kt
'A
TO
PRESENT
on
500,000 shs.
•
Excess
Intangible
iVi"
by
is
earlier
able
payments
Nov.
of principal and interest.
The credit, subject to
as
provided in the
agreement, will remain avail¬
1947.
During this,
1,
inc.
affiliates
and
other
873,847
„
&
reneg.
consolidated
refa.
charges
;
banks
!——
income and renegotiation refunds—
Employees payments on war bond subscriptions
Indebtedness to affiliates consolidated
...
for
general
;322,500
236,449
1,179,446
two-year period funds may be
©on-owed, repaid (without
penalty) and reborrowed in units of $1,000,ft
® this period a commitment commission at the; rate of
?,er annum is payable quarterly by the company upon the
^U'ie< po.rion of the credit. The notes will be payable as to prin¬
d'S'"
"f '
Total '——
—V.
/ ,5
y ' •
'
...w—w_ww__.w——w
cipal
m
eight
equal
through Nov
the present
l,
annual
29>
i
*
Agreement
installments, maturing from Nov. 1, 1948
(Stockholders on March 26, 1946,
approved
1955.
financing
N°v*
1945,
Thompson
agreement with
a
Aircraft
number
no,yn as "Termination
are
"treated
as
current
Products
of
Loans."
banks
Co.
made
an,
oIr'Pan^,Sjbs,diarles'
^
will
590,573
1,475,822
;< 1
for
*
a
wholly owned,
are
directors
have
accumulations
on
the
a
dividend of $1
7'/<■ " cumulative
as
40,506
Thompson Aircraft
Products, Ltd. and
wholly owned
an^me-s
aircraft
Processing
Sf'
inspection.
-
The
and
aircraft
*or industrial' engines..
of
treating processes,major
portion,
in
steels
engines;
and
parts
v;
also
on
proposal
a
such
"
*
time
as
*
The
./:
textile
addi¬
decrease
'
extend
'; 4"
hi
oufc-
v
shall be
•
of
amount ;now
to
it
working. cap*
i
the
com*
recalled
'Sr
' *
-
non-yellowing
a
-
for titer
shares
issuance
or
1■
*
4
^
plasticxenamel
treatment
to
give
for
refrigerators :ti)4
fabrics
a
permanent
States
Rubber
Export
?
Co.,
Boos.
Boos
~
said
the
African,
also
now
be
is
had
area
Rubber
been
served since
1919 through the
A.), Ltd., of which Bland Scott,
Director.
Products of the new plant
Export Co.
Managing
exported
1203.
to
(S.
Rhodesia
.v-:;:--ftft j"
>
and
Central
Africa.—V.
163;
:•
.ft ;;.r1j? ".f
)*■->'"ft
-
v\"'
prices, it is disclosed in the .annual report for 1945.
'
In
11,124,019
'' " '
'
-
;
the
$25,283,260 $36,135,393
the
with
ment
revealed
Irving S. Olds, Chairman, presented a thorough
events leading to the recent steel strike and its settle*
general wage
increase of
I8V2
cents
an
hour.
Hte
report
review of
•-
for
a
the
first
time
that, according to present estimates, U. S*
loss of approximately
2.^ million tdtis
ingots during the strike.
settlement: of the strike was.
a
production
ma de
possible on Feb. 15; 1948k
authorizing an increase of $5 a toft
and alloy steel mill products," Mr.
01d3
said.
"The Government
also
announced
a
new
governmental
wage-price policy for industry in general.
"U. S. Steel believes that this price'Increase of $5 a ton will b$
inadequate to compensate for past heavy increases in its costs and
also to take care of what it estimates will be the total cost resulting
from the ".wage, increase of. lBVa cents an hour to its steelworkers.
by
account
in
payable
10 to holders of record March 26.
Payments last year were as
July 10. $1.50; Sept. 28, $2; and Dec. 14, $3.50.
Arrearages
at Dec. 31, 1945 amounted to $5.25
per Share*—rV. 162, p. 1441.
the
the
Government's
action
ceiling
for
Increased
such
:
..v
,
prices
compensation
in
carbon
in all fairness, also be paid to many,
Higher labor rates in
steel almost immediately flow to other
industries,: and. are soon reflected, in higher prices for purchased
goods and services. When the consequences of all of the various cost
factors have been realized, it seems probable that there will be just
occasion for further steel price increases, unless U. S. Steel has the
salaried
a
workers
.
basic
in
must,
view
industry
of
this wage increase.
as
benefit * of
.a; .marked1 increase in productivity,3 ahd
efficiency-and lower production costs.' *
4
.
.
'.Tfhe ICC'on March 8 approved the acquisition by the
Boston &
Mainfe RR. bf control of Troy & Bennington
through stock ownership.
suffered
ateel
"A
Dividend^
share on
preferred
stock,
per
Troy&Efennington ER.—-Control Acquired—
.
>>»
a downward
trend, largely as a consequence of in*
creased labor and other costs combined with rigid
ceiling
100,323
^
.
f
of
for
precision grinding and exacting
dollar volume, of- 'sales, of the
available
additional
147,149
6,000,000
5,956,270
Co., New
Many of the company's
involving special" forging,
of
147,149 "
6,000,000
'Tri-United Plastics Corp,---ComrAon Stock Offered—^
Offering of 145,000 shares of common stock (par 500)
was made on March 29 by L. D. Sherman &
two
make
" V—iw.
.
(under name
I-
United States Steel Corp.—Annual Report—The cor¬
poration had one of the largest production years in his¬
tory, but financial results in 1945. showed a continuatioii
follows:
this
i
4
1,597,518
Corp.-r-$l Accumulated
declared
April
loans
^ - v
Jteel Products Co., Thompson
TftomPson Products, Ltd. has
vote
will
y.
2,650,379
York, at $2 per share. Net proceeds will be used for
Steel Products (Canada) Ltd. and Topco. Ltd.^#^
the enlargement of present
f?6 company is the manufacture and sale of a wide
manufacturing facilities, in-^
.eI\gine and other parts for automobiles, trucks and
tractors; f; ventories and working capital.
accessories
v-?-*" v
subsidiaries—Toledo
business of
51
into
for
under
liabilities,
BUSINESS—Company was incorporated
1 Products Co." 1 in Ohio June 17, 1916.
v«l wh»!i'J
of
entered
providing
Loans
would
Steel
Towne Securities
The
ft
program.
stock
of
■
i* /
487,156
>'./•
163, p. 1482.
Mr.
South
a
p.
j
,
.
VV)
i,:, 202,493
par)__
5,956,270
Capital surplus
ww—100,323
Earned surplus
7,572,965
*7*.ft f /ft
which were eoirfhrmed. by lihe
163, p. 1484.
i
Products—<(...
.
•
Res.
for workmen's comepns. and other
insur..
cumul. preferred stock (par $100)—
Common stock (361,697 shares no
t« msj
March. 5.—V.
"**•
7
common
appliances;
United States
i 729,168
.
1,534,588
ijv 21,321
contingencies
.4%
said
Mr.
.
on
modified
on
r
line of rubber tires, footwear and mechanical goods pro¬
that: country, according to.an announcement by L. C. Boost
and General Manager of the
company.
Equipment has al¬
ready been ordered and installation and operations are ^expected to
begin by the first part of next year,
-''-w''
"Investment in the project will amount to
approximately $5,600,050',"
$3,309,600
2,414,066
1,522,600
*
the
>'
'
President
;
■
Royalties, interest and expenses accruedEstd. liability for Federal and Canadiais
taxes
'
of
Ltd., will establish a plant
Port Elizabeth, South Africa, in' which to manufacture .the most
at
666,507
*
Opposed—
duced in
$25,283,259 $36,135,393
to
"
complete
*439,937
,
56,00*1'
$468,4T7
—w
Unit to Establish Plant in South Africa—
594,426
5,750,308
312,430
$1,922 47?
1,398,000
profits taxes--—
excess
;
The United
.2
-
4,848,235
157,132
Accounts payable—trade
Accrued salaries, wages and compensation*
Accrued taxes (other than Income)
,
746,490
2,652,890
—...
assets
payable
Reserves
9,748,828
1,248,168
315,899.
.
assets
(net).
and
-
"starch"; and a moisture-proof coating for packaging and for ship*
ping machine parts were, announced on March 25, by the company's
Naugatuck Chemical Division.-
10,682,072
455,102
bonds
taxes
shares
profits taxes
excess
preferred would limit *the authorized stock: to the
kitchen
$6,258,654
LIABILITIES—
notes.
termination
until
of
refund
Fed.
$4,189,121
2688.
other corporate purposes, but no immediate
stock is contemplated,
the company states.
special
Consoldtd.
....—
The aggregate amount oi notes which the
com¬
have outstanding thereunder at
any one time is $6,000,000.
Such notes will
be
in units of
$1,000,000 and will bear interest at
xne rate of 2%
per annum until maturity and 6%
per. annum on all
to
$4,405,723
4,861,908
6,400,089
deposits
(net).,
Total
may
■over-due
tax
of
amt.
assets
Deferred
demand
and
pany's managers-share plan until
abolished by the shareholders.-
1945
—
profits
Investments
Fixed
,
•'' k-'i
;'ft: The- stockholders
447,153
equal
.
number of
same
p.
surplus*—
" '
increase in
or
New
amount
31,
the
of
(net)w*w-*iw-.wwws—********—-
standing.
,
127,628
599,474
Parent
and
receivable
Indebtednes
agreement between the company and certain banks, dated
i1 u45, Provicle8 f°r loans thereunder to the company to be
evidenced
pany
hand
Inventories
Refund,
Outstanding
/
None
1100,000 shs.
; +436,697 shs.
$6,000,000
100,000 shs.
DEC.
on
taxes
United States Rubber Co.—To Increase Com. Stock--
tional
16,250
,
FINANCING
Authorized
•
,
notes*.*****—:
.4% cum. pfd. stock (par
$100)---^-
of
"s
The
2,770,842
722,904
income
favor
'
i<
the
225,000
ASSETS—
Cash
Notes
CAPITALIZATION,
to
SHEET,
inc.
income
(estimated)
Non-chipping,
Accounts
anticipated" that the company will obtain loans
pursuant to its present
Credit Agreement.
*2%
contingencies
$3.15 per share
outstanding.—V. 162,
This compares
provision 16*
(after
profits
!__**—ww-——w—_ww———
162, p. 2521.
ital
Vr—
2,906,312
-.
v
^
outstanding.
$1,599,497
purchase of additional property; creation
139,657
*
of
excess
-
preferred—,
BALANCE
Bank
...*
general
..conv.
572,699
97,782
prefened
5%
Cr205,766
'1,000,839
common
pro¬
it
4%
on
4,953
Cr278,794
charges.
by the company and its subsidexpended is estimated to be at least
be
on
474,100
1,046,050
taxes
prefened
on
574,402
•
sinking fund"1
Proposals to increase the authorized common stock from 1.918,412
shares to 2,500,000 shares, and to decrease the authorized first
pre¬
ferred stock from
961,091 shares to 651,091 shares will be voted On
by: the stockholders at the annual meeting on April 16. \
1
8,490,730
103,847
inc.
'
12,677,008
603,483
and
renegotiation
"U. S, District court
-
237,200
1,520,953
Dividends
owned
corporate
stock
5%
on
Dividends
by
other ^plants
,
6,856
9,353,466
■
surplus
Dividends
the company and its subsidiaries in the
acquisition of machinery and
equipment necessary and useful in the
■equipping of the plant and in
converting, modernizing and expanding
the facilities
necessary for the manufacture of peacetime products
therein
258,000
239,547
for
Balance
Finance
will
tax..
general contingencies
'Restoration from reserve
Corporation to purchase the land, principal build¬
ings and a small amount of personal
property presently held: by
Thompson Aircraft Products Co. under lease from
RFC
located
in
Euclid, Ohio.
The purchase price of the
property is $5,000,000.
Addi¬
funds
profits
Adjusts, for prior year
Refundable amt* of Fed.
Prov.
1946,
to
excess
1944
year
for Fed.
for Federal
Voted, in
:14,151,"465
income tax, surtax and
value
excess profits tax
(net)
inc. & excess prof, taxes—net
"For
net
8,898
2,716
'
,
to the reorganization plan of the company which wikH
proposals involves a merger with Sheraton Corp., will be carried
to the Circuit Court of Appeals by National
City Bank of New York,
as
a note holder,
and the protective committee for preferred stock of
Trinity Building Corp., a subsidiary.
The two groups have ioughClhe plan, consistently,. although other creditors and stockholders have
142,500
7,975
*"
be
to
Opposition
"42,000
9,640
1,134
842,713
W.W—.W—
Federal
Can.
•company's funds available for general corporate
purposes.
From its
general funds the company expects to make certain
expenditures.
On
Jan.
8, 1946,
company
entered
into a contract with. Recon¬
tional
normal
decld.
payable quarterly March,
June, September and Dec.
15.
Re¬
deemable in whole or in part at'
any-time on at least 30 days' notice
at the
following prices per share plus dividends: on or before June
15, 1948, $110; thereafter and on or before June
15,
1951, $109;
thereafter and on or before June
15, 1955, $108; and $107' thereafter.
Also redeemable on at least 30
days' notice for retirement fund at $107
per share, plus accrued dividends.
struction
64,803
42,832
202,998
afc
./
stock
ether
v
Fed.
.
Dividends
139,905
139,672
85,268
44,134
of
Net income
publicly offered 40,000 shares of 4%
cumulative preferred stock (par $100) and
75,000 shares
of common stock (no
par).
The preferred stock was
priced at $108 per share and dividend and the common
stock at $57 per share.
.
sale
on
of
i
minimum
a
U. S. Realty & Improvement Co.—Plan
'
March 28
on
150,611
securities*— —:
^ I ?.
Empl. retirmt. inc. plan prem.—
158,521
Misc. income deductions..—
32,731
.
—V.
5,541
190,600
Cr39,476
stock
common
the
income
prov.
for
Balance
595,462
,
41,206
outstanding
amount
for general corporate; pur5*
will be- entitled'1 to
of
for
reserves:
Reserve
13,938,063
19,797
—
the
proceeds will be used
Federal
Provision
265,994
511,775 "
Amortization of emerg. facilities
shares
:
determine
ESTIMATED OPERATING RESULTS FOR THE YEAR 1945
Profit
13,672,068
15,266,059
275,930
—
Period JSnd. Feb. 28—
ciates
...—..w—I—2,530,972
long-term debt
net
earnings
and
2,365,241 ; 15,005,198
165,731
260,860
*
Canadian
J.
^
on
j
9,277,788
were
would
■>
468,283
5,245,270
Cr499
Other interest
preference
stock without
' ' V'
income
Interest
convertible
of
V.>M£v.v
ivThermold
fifties
two
ordinary
1, 1946.—V. 152, p. ,4140.
.V
par value prior to July
13
Total
—i
There
debentures
'
"Thrift Stores Ltd.—Calls Preference
10-
April
on
United Drill & Tool Corp.—Earnings—-
110,747,225
6,309,926
*
;]:• All of the outstanding shares of
vertible preference stock have been
i
•
meeting
.
directors
which is equivalent to
of common stock then
1943
86,236,668
...
and general exps...
Prov, for doubtful accts., less recov.
stock*
of
of -the
estimated
-
94,911,337 130,847,119 139,671,461
Selling, admin,
$366,861
183, p. 1482.
annual
starting Oct. 1, 1950, sufficient to retire 52% of the debentures priorto maturity, plus additional amounts contingent upon earnings.
Thv net profits of the company and its subsidiaries for the year
1945
amounted to $1,719,798,
after depreciation, interest and other
charges and after provision for estimated Federal income and excess
profits taxes of $4,470,000 which is equivalent to $3.40 per share or*
;ii3
875
1945.^S^C^944
v
their
at
*
.
'^875-
'
467
,
asked
I
with'SEC^";
' .'875'
467
Co
'•v/'O;
Cost
Net income
—V.
J.
—
13,023
234,001
&
Inc
'
Sale of
on
a
875
.
f'W
^
on March 22 filed with* the * SEC-a registration stateme«^.
proposed issue of $10,000,000 of debentures due April Xy
1966.
The
debentures
will -be
publicly offered by an underwriting?
group headed by Goldman, Sichs A Co.
. *
' v u
_•
Proceeds
of the
financing will be applied to- the redemption of$4,270,000
3%%
debentures due April
1, 1955,
at 103>/2, and et
25,000 shares of 5 % : cumulative preferred stock at $107.50 per shaw*
representing all of the outstanding amounts of these securities.
The
covering
875
467.
be
1483.
163, p.
\
.v
Company
.
.
875
•'
467
Co.—w-r*——.
'
^
•
875
CONSOLIDATED INCOME STATEMENT, YEARS. ENDED DEC; 31
$1,542,095
6,880
Co.,
&
h"'!'1
and fix
with
H'*'133,462
$865,147
&
7
875
467
;
——*r—w
'i};"1
prices at not less than 75% of the average high and lo\r
quotations on the New York Stock Exchange on the day preceding the
effective offering date.—V. 163, p. 1483,
1,500
467
Jaffray <fe Hopwood_—.w—w—_—
W. Scranton
30,318
7,322
*
Piper,
board
467
Newbold's Son & Co
Ohio Company_.wrw—
li-
will
31, 1945.
sold
.
.: 1,500
-467
'
,1,500
467
Lynch———w——
appointed
capital stock.—V. 135,
a
outstanding
The
1,500
Prescott;;A5:Co*-—w^ri*--w.*rii*y^*^wi*iwwwt-.- v^-'467'^ :
Chas.
403,882
$1,592,624
121,442
64,481-
&
of
1,500
-
\ >
v
stockholders
467
H.
The
4,197,369
22,815
$654,266
61,537
.
W.
$8,775,410 $13,346,239
5,864,585
7,306,037
18,104
$803,610
___*
Moore, Lamard
1946—2 Mos.—1945
$4,248,161
$6,361,264
2,732,801
3,532,997
560,853;
1,957,501
141,497
198,396
.**
•';>
""467".'.
'
—
York has been
the
proposal to sell to officers and key employees an amount'
reacquired and unissued stock ranging up to 5% of the amount
Dec.
1,500
;
467
—
*v
1,500
800
*"*•(' (V
«lV-
approve
of
-
,1,500
.
800
•
H, L* Emerson & Co,, Inc.——.—
The Milwaukee Co.r_w——w—
1946f-Month—1945
;
;
E. W. Clark A Co,
J.M. Dain:& Co._„——
■
'
Texas & Pacific Ry.—Earnings—
Period End; Feb. 28—
,
800
Co...wv...^w.-.^^.ir-^-T--------:'i-
■
George D. B. Bonbright & Co.*
'
^
&
The
to
1,500
Co.-wL-iw_^^^w-w—*800'
-
>
1,500.
Tucker, Anthony & :.Co.——800
G. H. Walker &.
Co.rrl——wi—800
Bali, Burge & Kraus—
;
467
company has
H. Babb Co.,
purchased a Consolidated PBY-5-A plane from
international aircraft brokers. The ship has been
converted by Babb to carry
passengers and freight and will be used
t>y Texas in connection with 'its* oil field operations "In "
Colombia,
Charles
&
for
Union Carbide & Carbon Corp. — To Vote
Stock to Officials and Key Employees—
1,500
-
800
-Co.w-.-i—w—'iw.ri.w---",
Maypard Et; Murch
•
.
\
Merrill Turben &
of New
next,
Guaranty Trust Co. of New York has been appointed registrar
the first preferred stock ($100
par value), second preferred stock
<$100 par value) and common stock ($10
par value).—V.
^ W
1,500
1,500
800
Laurence M. Marks & Co
per
Co.
1
for
-1,500
-
The- directors
Trust
April
The
/
1,625
800
'
&
Union-Buffalo Mills Co., Greenville, S. C.—Registrar
1,625
867
867;
.
Bank
effective
agent,
1,625
" 1,625 ' "
867.,.
—
Continental
4229,
^
867
—
—
The First Cleveland Corp.
share on the nonpar capital stock, payable
April 11 to holders of",
record-April 1. > ;"A like-amount was disbursed on March 8, June" 8,'
Sept. 4 and<Dec, 7,last year.—V. 163/a. 1036.
P.
867
Hawley, Shepard &, Co.
800
Hayden,. Miller tc ..Cq.-_^__^—800
Janney & Co.i.^—.—,—.^.—800:
Taylor-Wharton* Iron uSt: -Steel Co.—30-Cent Dividend:
transfer
1,625
867
,
Curtiss, House & Co.—
Fahey, Clark & Co„___
Field, Richards & Co.._-—
ex¬
-
.
——
The
6,625
'■}
867
—
Kidder, Peabody & Co.
u—zv-—
Merrill. Lynch, Pierce, Fenner. & Beane___„_-.___
Paine, Webber, Jackson
Curtis.*
Spencer Trask & Co._..!_
White, Weld ■&
Sylvania Industrial Corp*—Expanding Plant—
the
&
Hornblower & WeeksW. E. Button & Co
27T, Park Avenue Corp. (N. Y, City)—-Transfer Agent
7,875
86?
—
-
7,875'
3,531
—
Dillon
Shares
,
4,197
Co.
Hemphill, Noyes & Co
The corporation ha3 sold privately 27,000 shares of capital stock
Spar. $100) < This will make 140,267 shares outstanding.—V. 163, p. 320.
Common
4,197
——
—
.
for
,
Shares
McDonald
has
-
the
outstanding shares oi second preferred stock have beet*
redemption on April 20. 1946, at 100 and accrued dividends
amounting to $51.14 per share, * Payment will be made at the North¬
western National
Bank
of Minneapolis,
Minneapolis, Minn.—V. lt>3,
number
each
,
Name—
Smith, Barney & Co.,————!"
Etc.—
,h-
meet
the
which
Preferred
Clark, Dodge & Co.—
To
stock
City Rapid Transit Co.—Stock Redemption—
replace¬
Called
*
n'
to
use,
are
1773
.
with4 it, JiigfcLei*
."The 1946 steel price directive, associated by the Government witn
wage increase,
differs wholly from a price rise in a free economy
.
where prices
and
costs
are
continuously controlled by customers spur-
:
,y,.-.V
r
steel, or for how long,
how much
not know
the report pointed out. "U. S.' Steel does
can be produced and sold
efforts,"
competitive
ring
and
costs
peacetime economy."
•
•':
Summing up the results of the strike to
the steelworkers, Mr. Olds
of
acceptance
hour.
U.
the
On
the
for
of
40-hour
a
of
duration
The
loss
of
.
will
purposes
during the year.
To complete projects authorized
during 1945, and previously, $218.6 million remained to be spent at
the end of the year.
In line with the corporation's
these
poration
■
Month of Febm&ry—
Net
1
'
■'•■
mj
,
and
u
'
-
V,
,
J
«<•{)
Security taxes..
Payments for -pensions,,,-,..-,
902,162,021
21,995,708
33,074,986
—V.'
Products and services bought—
672,728,198
792,901,582
Wear and
Amort,
on
t Additional
vided for in
• »
above pro-
prior years:
?fi Other
Est.
c
addit.
costs
applic.
arising out of war
costs, etc., on long-term
debt
taxes
The directors
each
Total costs
Income
Divs.
on
Divs,
on
authorized
the
65,000,000
6,251,462
41,566,379
*84,316,804
"pfd. stock—
cum.
25,219,677
stock--.,.-
34,813,00$
34,813,008
•62,631,742
.25,219,677
34,813,008
Def.2,017,629
758,596
$4.09
surplus
per sh. com.
-
—
stk
•After adjustment
for
60,791,281
58,015,056
'••
25,219,677
contracts,
of
t Due
Holders of the
bered
165,685,
common
stock of this corporation
Feb. 8, num¬
on
166,108 reported on Nov. 9.
On Feb. 9, 1945 the number was 165,371.
.There were 75,117 holders of the preferred
compared
with
—V.
p.
163,
75,196
on
Nov.
2,
RR.,
144,
65.4,000.
income
•
$1.51
Utah Power & Light Co.—Registers
Company
for
on
$32,000,000
sold
Net
Fixed
first mortgage
bonds due
1,
May
1976.
ment.
P.
,
697.
Utah
Ry.—Earnings—
Month of February—
Gross
from
Net
from
Net
ry.
1946
^
railway—,.
$160,533
railway
oper.
1945
'.
1944
1943
$138,731
$120,241
t
•$106,759
22,481
13,102
35,594
13,933
railway--. )
from railway!—
ry. oper. income—,
Net
Net
—V.
from
331,958
75,606
33,976
224,846
51,063
30,199
280,365
252.059
70,903
63,535
163.
,
,
Van Norman
The
ry. oper.
income
of
expected
>
*
to
28,602
29,822
purchase
Morse
Drill
Co.
a
shortly
par
to
Morse
shares
approve
stock
in the
authorized,
with
a
small
but
unstated
'
treasury.
The Morse company
makes twist drills,
gauges, reamers,
number
'
screw
It
♦
■}-*
|
.
J
.
»|
,
,
Ry.—Earnings—
icr
oo
From Jan. 1—
/ v
from railway——
r>c*>
2,830,199
oper
953,731
$1,952,187
1
*"
Vti-iMne
v: "
733,425
251,395
294,757
<|
'
' "
*1944"
*
1944*
$2,224,596
1943
\
$2,054,647
if
,ni
ncn
850.491
,
'v..'
;
w
from
made
•.• ••.
.•:
; r
-U'
.
debtedness
01:5%
Cr68,497
Cr88,986
Cr 131,258
under
,k;^ra7.pft4
Dr29,732
utlets.
$1,176,382
59,486
$1,235,868
17,301
.——
$457,522
$618,439 ; $1,062,511
269,977
.
.
$348 460
539,652
462,245
$85,243
:
All other ry.
for 81
STATEMENT
^Uer,;.4%: Co.;
The Netiohat^^'CRy Bank of New : York
and
agent
'•
1946—2 Mos.—1945,
$4,752,193
$7,546,909
$9,721,276
-2;447,822
2,816,076
5,212,245
$965^793 ? $1,936,117
85,166'
102,832
$2,334,664
572.000
206,883
/ -100,860 '•
.
while
Bank
4»aipr./been■:eppbinte4^ransf♦^^,'■: i
of
City of New York as i
stock', $25 par value, and ?
the
preferred
"h
662
-
features,
other
the booklet points out that 244 Wilsoh
served the company for 25 years or more,
have been
with
it
for
10
years
or
more.
have
employees
employees
1485.:, ;
$569,415
$1,080,867
$1,143,411
181,683
■•
209,383
$1,537,384
>
position
?
40,230
47,069
79,781
J33.821
$482,527
$616,484
$1,160,646
$1,277,232
24,440
96,843
$1,155,949
Total
fixed
charges-—
46,077
48,131
41,741
93,123
after fixed chgs.:
$417,984
$55.1,871
$1,025,782
•Amount available for contingent charges, i.e. capital fund, interest,
requirements on general mortgage 4J/g% income bonds, sinking fund
and other corporate purposes.*
Quarterly Dividends
Preferred "A" Stoeks—Funded Debt Reduced—
than
more
one
after
year
date,
and
to
issue
the
stock
amount of demand notes
\
•>•■
■-«
Cambridge Gas Light Co, asks the Department to authorize and
the exchange of
$1,900,000 of
the demand notes of the
Worcester Gas Light Co. held by it for a like amount of 3J/a%
notes of the Worcester company—V. 143, p. 3862.
serial
(Rudolph) Wurlitzer Co.—To Open New Store—
'As part of
company
Rolfing,
store
on
at
owned
the
;
a
will
President,
111
S.
.
$3,000,000 expansion and modernization:'program,-the
spend
$150,000
said
on
Wabash
on
a
March
Avenue,
structure
where
the
new
16.
Chicago retail store, R. C.
Early next year the present
Chicago,
by the University of Chicago,
same
in
the
will be moved
Williams
to
Nos.
Building
115-117 ih
company's space will be tripled.
"To meet an eyer increasing demand Wurlitzer also Is expanding R$
huge factories to Increase production of pianos, accordians, orgatrqn^
and
coin-operated
phonographs,
etc.,"
said
Rolfing.—V.
Mr.
163,
**
1618.
,
,
periods of
The
*
on
March 26 declared dividends from 1945 carning$
series A preferred stock and $3 a share on common
in quarterly instalments on May 15, Aug. 15 and Nov.
15 of this year and Feb.
15, 1947, to stockholders of record at the
close of business on the first day of those months.
Payments of $1.25
a
share on the preferred and of 75 cents a share on the common
stock have been mad® each quarter since and .including May 15, 1945,
1
has petitioned the Massachsetts Department of Public
approve
directors
.
company
and notes in exchage for $4,045,660 principal
and open account indebtedness.,*.-
payable
inaugurated on-both issues.
-
Worcester Gas Light Co.—Proposed Financing-^
Common an4
on
passible,
Utilities for authority to issue at par 45,824 shares of $25 par.capital
stock and $2,900,000 principal amount of 3%% serial notes, payable
at
16,481.
as
■
income
18,466
^
.
[
NOTE^For machonhffl reasons it it not always
possible to arrange companies in exact alphabetical
However, they are always as near alphabetical
The
deductions
•
order.
393,973
$442,297
dividends were
National
cumulative
20'Pago IUustrated Booklet—'
r-V, 163, P.
211,125
2,020,949
$1,374,098
•
—
share
5%
stock. .$1 par value,
Among
$3,978,843
944,300
222,000
293,231
a
Chase
the
5,742.433
218,708
The
The
of
Brothers
121,766
stock,
W. C.- 1
Webber, Jackson & Curtis* :
Georgf R, Cooley & Co.," Inc.
' 1; ,
v•,,;>'l
wear Co., of Troy, N, Y., acquired last December, is included.
•
$788,123
of $5
•'
.
Co.^ in the offering
Marking. its 82nd year of continuous operations In the men's wear
manufacturing industry, this company has issued a 20-page illustrated
booklet descriptive of its present production facilities, management,
personnel, sales and advertising/and general policies. WrighCs Under¬
$3,413,615
Declares Four
M
$170,486
$5,199
84,563
Misc.
Noycs
Langley & Co., Dean Witter & Co:, Paine,
common
$564,063
Other income
.
,
^ssboijated iwRW:^^R^mpWH/
Issues
optg. inc.
1
and its predecessor partnership has been in business f
manufacturing men's quality haberdashery which is sold
nationally advertised trade names to more than 3,500 retail r
Bros,
$696,216,
tax accr.„
Net rwy.
|
years,
registrar
$600,266^
1946—Month—1945
the proceeds ; to: pay aU nf HA
American
:cumulative:prefe^e0 and ^40;0QJ: shares of common jstocJt.
,
accruals—
tax
to
Business .Ci«dlt. Corp., -for capital expeudl-■'•{;
$225000 «n4 -to incwaftCapital. ; :
/ ;« i.
Giving: effect"to -thlsrfinancing. tho retjrement.by exchange or
redemption of the $5 prior preference shares, antf the payment of
indebtedness, the capitalization will consist solely of *60.000 -shares :
;Drl5,133
$590,558 $1,014,121
.'27,881:
48,390
exps.-- •
|
($25
tures cstimateO ftt
$1,074,856
$440,221
'
\
559,860
public offering March 28 of 60,000 shares
a
Company wiU/use -^ltir share of
Income
revs
•
*
1485.
p.
shares ($1 par).
The preferred shares were pffered.
$25 a share and the common at $7.50 a share. Of the r
total, 13,266 shares of preferred and 20,000 shares ot;
common are being sold by, a shareholder and the balance :
by the company.
" f
.1,365,000
SYSTEM INCOME
1,801,126
4912.973
at
680,000
$2,599
4.219,683
1.339,758
mon
$952,439
$225,213
3,807.515
578,139.
'
760.000
T
% 4,413,828
.1,813,722
600,756
448,172
income
-
$537,194,,!
305,000
railway.
p.
-r
'•
Earnings were sufficient, it was announced, to pay on May 1 the
full. 4J/2%
interest on general mortgage income bonds.
More than
$3,820,000 of these bonds have been converted into common stock
recently and $5,000,000
Only about $11,837,000
have been bailed for
income bonds
are
of
outstanding, it was stated.—y,: 163, p. 1485.
y/
^
v
{*'.*,
'
-X''
^
railway
1946
1945
$400,400
114,370
27,151
$308,267
39,076
Net ry, oper.
-
25,728
income
From Jan; 1**',
Gross from railway—.
646,310
Net
r
*
T
*
from
railway8_*—
Net ry. oper. income—
—V. 163. p. 1485.
*
77.117
50,073
.
1v?
874,779
274,079
79,196
*1943
$383,319
1944
$445,870
178,820
46,189
'
'
891,937
343,510
84,319
146,418
46,890
•
of
dividend
20
cents
10 cents
per
share
per
have
share
and tha usual quarterly
declared on the common
been
30 to holders of record April 16. From Jap. \
31, 1945 to and including Jan. 31, 1946, quarterly distributions of
20 rents each were made.—V. 162, p. 55.
fv
...
Vf A*
k
of
stock, both payable April
,
,
extra
dividend
Alabama—EarningST—
Month of February—
from
>
\
Wyandotte Worsted Co.—Extra Dividend of 10 Cents-*An
redemption. May - 1.
expected to remain
r
(Thomas) Young Orchids* IncM Bound Brook, N.
Pays 75-Cent Dividend—
The
•share
^
817,189
347,706
105,346
corporation
on
compares
on
Feb.
21,
a dividend of 75 cents per
to holders of record Feb. 11. This
with 50 cents paid on June 2, last year,
7, 1945.
.
•
last, paid
the common stock, par $1,
.
,
.
and $1.50
'
'
on
Feb.
Western Steel Products Corp., Ltd.—Bonds Called—
See Westeel Products
L>td. above.-^V, 162, p. 1442.
/
,
This company was
i'
*
„
Through an offer which expired on July 31, last year, the company ■
purchased 2,593 shares of its common stock at $25 per share. At June '
30, 1945 there were outstanding 65,677 shares.
*
plates,
trilling cutters and other machinists' high speed and carbon tools.
of
"
.
1946
income*—
ry.
ry.- oper.
•
3,907,299(
Cr32.903
Prl3,804
Net rev; fr; ty. optns.
Ry. tax payroll accruals
New
special meeting
j
m
•
Wilson- Brothers,^ Chicago—Slock Qffered—Hemphill,'
Noye9 &. Co. headed a group of investment bankers that
$2,439,856
—
operating
&
of stockholders of this company will be called
the making of an offer to purchase the stock of
the Morse company at $210 a share.- There are 20,000 shares of $100
Co.,
matter for
(R,
166,622
131,750
Net
.
3,521,662
Net from railway—
Twist
this
.
par)}$% cnnaulativfe' preferred shares^ with jionidetach^.
able common stock purchase warrants, and 12Q,00p cdm-' I
$1,632,439
232,309
operating
Gross
the
'
$1239,729
vollnro-
Net
below.—
Corp.
Realty
$1,297,194
i.
Period End. Feb. 28—
,
Bedfard, Mass., in a transaction involving more
than $4,000,000. According to James Y. Scott, President of Van Norman
Machine
Annapolis
i $726,122
.
income
Rwy.
Co.—May Make Offer for Stock of New
is
company
js
v$42>,}22
Western Ry. of
Bedford Concern—r
-
: 1,732,105' ; L941,674
reventie—'
CONSOLIDATED
11,528
P.
'
Was announced that construction was under,
addition to the company's plant in New
railway
—V. 163.
(Incl Sacramento Northern Ry: and Tidewater Southern Ry.)
From Jan. 1—
Gross
set
outstanding 95,578 shares.
$1,250,000
Gross
$2,458^22^3^l,868:^$5^5Ci^
ZL'J-
r
28,300
income-—
were'
1946-^Month—1945,^- |946-^2 Mcs^f945
charges
when
37,706
17,071
were
new
a
frnm
from
Net
,
•Includes «accel. amort.
of defense projects—
SEC
proceeds from, sale of bonds, and $11,500,000 bank loans
and cash from general funds, will be used to redeem $38,500,000 3%%
first mortgage bonds at 104%, and $5,000,000 6% gold debentures at
"110%
which, exclusive of interest, will require $45,828,750.—V. 163,
Net
Net
shops,
—y. 163, p-1204.
Bonds will be
Net
there
on
Wheeling & Lake Erie
the
(net Dr)
a'^ competitive bidding with interest rate to be ;filed by amend¬
has
I
Month Of Februazy—' "
Gross from railway—__
Steel
Net Income
with SEC—
March 20 filed ft registration statement with the
operation
;
was
the W.B.&A. Elec¬
Naval
•Inc.
Common
shares
outstanding
Earnings per share:,/!,,,—,....,.,
wy. 163, p. 1617.
-
$101
sum
Ry. Oper, .Income——
Equip, & jt. fac. rents
$!,083,601
$1,214,001
674,608571,942
$1.61
" $2.12
$934,506
814,429
dividends of 25
Wilson
$1,946,701
732,700
$1,737,601
635,000
of
Westminster, B. C., Canada.-^-V. 145, p. 3025.
$1,000
each
on
this
Of
Washington terminals of
substation,
———r—_
Total
Net
to $215
protective committee gnd $114 by
formed for liquidating purposes by
.
>
>
...
123.
Oper.
Taxes
Feb. 2, '46 Jan. 27, '45 Jan. 29, '44
$1,569,506
costs
Commission
f iand,. No.v; 1», last year,, paid, regular sej^ir.
cents each, the same as In: 1944. •
la August, last year, it
.
and
Annapolis
^ Operating
'Equipment rents
■"
Net pront betore taxes
Federal inc. and excess prof, taxes*;
RR.
principal assets sold by the liquidating company
the
P.
of
Net
1946,
1945.
1204.
13 Weeks Ended—
was
Washington,: Baltimore-
Income
stock on Feb. 1,
and 75,270 on Feb. 2,
1945,
which
-
Operating revenues'
•Operating. expenses
Universal Pictures Co., Inc. (& Subs.)—Earnings—
.
bondholders'
Rwy.
decrease of 425 from the
a
the
Electric
'■>'"y&r;
totemergency period, less associated Federal Income tax adjustments.
Number of Stockholders—
The
Oct.
accounts
The- Realty corporation announced tbat the sale of $U properties of
corporation and Its subsidiaries has been completed and dissolu¬
tion proceedings will shortly be started.
.
.
f
ending
to
increases in
awards.
the
1944, the authorized capital stock of $10 par value- wda^
from 50,000 shares to 100,000 shares and stockholders of 4
record Ocf. 16, 1944 were given the right to subscribe on or before*;
Nov. 20, 1944 at par for one. hew. share for. each share held. At Jas$««
In
way
Western Pacific RR. Co.—February Earnings—
$3.77
renegotiation
distributions
W.B.&A.
Realty corporation
*2,599,057
$4-30
common
total
brought
former
by
Board's
.
situation4
arising from the 4
relieve
to
increased
a final liquidating dividend of $6 on
payable March 26 to stockholders of record
the. committee.
1,689,333,605 2021,395,614* J ^09,713,0W
Balance
Earns,
4,979,675
40,801,715
30,000.000
~,M»
»
—,
the
the heavy
by
adjustments
rate
Westminster Paper Co., Ltd.
>
payment
of
certain
:The pompahy on Msy
recently declared
voting trust share,
Thl$
of about f
|
Communications»!
petitioned the Federal
.
March 21.
bond
for
Labor
annual
1$3. p. 1204.
Other
3.500,653
36,825,367
income.
on
1.713,587
Gross
—
Federal
6,028,250:
1,508,636
25,000,000
25,000,000
created
War
Washington, Baltimore & Annapolis .Realty. Porp., Baitimore, Md.—Votes
Liquidating Diyidend—.
1,123,261
Cr3,517,648
.
State, local and misc. taxes,,:.
Est.
6,066,728
1,564,246
Jt. facility rents (net)-
—Cr2,600,883
to pe*
riod
Int.
5,785,576
1,360,014
income'
oper.
1945 amounted .to. $752,SiO.)"!
been in effect in Jan. 1945, |
14,431,390
15,397,799
Western Maryland Ry,~Eariung&--4
.
v'f Additional amort, above;.— Cr35,584,069
15,423,026
1 '*
.
.
hearing April 29, i046,r-y, 163, p. 1617.
PeriQd End. Feb. 28— 1
5,192,125
35,584,069
846,590
*•
85,163,300
43,652,882
1,149,183
'
-
amortization—,,.—
.War costs included
ir-
5
emerg.
"
Loss
>
facilities
/v,44,215,710
sales of pit. & equip, W
2,064,848
of
81,083,380
56,765,012
77,140,359
761.795
outstanding 5% general mortgage bonds, series A, of
Products Corp., Ltd., dated Feb. 1, 1936, have been
called for redemption on May 30, 1946, at 100 and. interest. Payment
will be made at any branch in .Winnipeg, Montreal or Toronto, Canada*
of The Dominion Rank,—V. 162„p.v 1442/
•
: '
of facilities:
exhaustion
Depletion and depreciation—
858,902
Commission
Westeel Products Ltd.—Calls. 5% Bonds—
706,763,355
'
2,985,411
•
V.
953,266,896.
26,012,577
33,650,490
Social
3,204,162
9,204,823
ry.
See
2,082,186,895»1,972,344,751
773,391,800
18,081,595
28,975,959
Wages and salaries——
3,155,306
railway
from
Net
Employment costs:
>
4,503,782
-
<)n March 18, the company
Washington, Baltimore & Annapolis-Electric vRR.—Old
Bondholders Received $215
„/• •.
'<'■*
$7,288,424
Academy junction
properties in South Baltimore and scattered rights of way. )"■
1943
.
$7,711,570
12,426,334
Net
AH
$
-
sold—- 1,747,338,661
$7,759,370
745,654
*.».
Jan.
the operations for that month would have shown d pet; loss
$775,000.
1943
1944
1945.'.:
1946
^
$2,067,322, or 13.2%
decrease in revenues
company's New York City
The net income».after taxes for Jan.
However, if the existing wage level had
from railway.
Gross
Western
1944
:
4945
•
*
services
the
the company 3
19,46 amounted to $13,574,640, a
compared with the same month iast
is attributable to the strike against
operations called by the American
(C.I.O.) and to strikes in many- other
for
revenues
of
This
Communications Association
industries throughout;the country.;
1946.—V. 163, p. 1484.
From Jan. 1—
/
Calendar Yearsr—
year.
recent
operating
decrease
change the
proposal to
a
$6,241,641
railway-
Among the
CONSOLIDATED STATEMENT OP INCOME
(CORPORATION AND SUBSIDIARIES)
t
•v
Net; ry. oper. income-'!/
.
Products
from railway
froin
tric
Excerpts from the remarks of Chairman Irving S»
Olds,; together withthe incomeRc^unfc
sheet covering the year 1945, are given elsewhere in this
•
approved
Gross
arising
Board. These
wages_
awards
Approved— ;
from
filed on March 27,
was
the former Baltimore
castings already has been decreased by approximately 3.7 million
tons from its high point of 32.5 million tons in 1944.
Some of this
capacity may eventually be located elsewhere, he stated, adding that'
the
current
capacity of 28.8 million tons represents about 31% of
the nation's steel making capacity.
V
26
increased
the
reflect
month
that
„
'
;
.
and
{
March
on
stock
for
.
and |
of business.
awards by the National War Labor
resulted in adding about $25,000,000 to
annual pay roll effective Dec. 29, 1945.
the
wage
Jan.
in "a
results
.The.
from
'V
■
reported .on March 23 that it* operations in
deficit of $2,541,082, due to wage increases
company
resulted
reduced volume
Wabash' RR.—Earnings**™
Gross
program, obsolete or marginal facilities are being eliminated, he said,
•with the result that U. S. Steel's annual capacity of steel ingots
v
1946
the
modernization
issue.
capital
Co.-rEjarnlng§-~
Western Union Telegraph
The
1,000,000 shares, par $5, to 2,000,000
shares, par $2.50, two shares of the new stock to be issued in exchange
for each $5 par share held. An amendment to the Certificate of Incor¬
wages,
wages
stockholders
authorized
which he could have had without striking.
This
require'work for 147 weeks, or two years and ten
months, at 3% cents increased pay resulting from a wage increase
of 18 Vi cents an hour in order to make up what the worker lost in
•wages during these four weeks of idleness,'?;
\
" " ; • ' •!:
in his review of the year, Mr. Olds said that U. S. Steel's rate of
steel
operations, which had been at near full capacity throughout
the
war
period,
declined with the end of hostilities in both war
theatres,
with the result that finished
steel shipped during 1945,
amounted to 18.4 million tons, or 2.6 million tons less than the alltime record, in 1944.
Production of ingots and castings by U. S. Steel
between Jan. 1, 1940, and the surrender of Japan reached a staggering
total of 161.1 million tons, as compared with 99.7 million tons during
the five years 1914 to 1918.
U.
S.
Steel's revenue from the sale of products and
services in
1945 was $1,747,338,661, or 16.1%
less than the revenue of $2,082,186,895 in 1944.
Income of U. S. Steel Corp. and subsidiaries was
$58,015,056 in 1945, a decrease of $2,776,225 or 4.6 % from the income
of $60,791,281 in the preceding year.
Receipts from- customers hi 1945 fell $2,017,629 'short of being
adequate to cover mounting cost? and to meet the same dividend
payments to stockholders which have been paid in recent years, Mr.
Olds
said.
He added
that the deficiency was made good out of
money previously set aside for future needs.
Citing employee cooperation as one of the contributing factors in
U. S. Steel's war production achievement, Mr.»01ds called for continued
cooperation between employees and management.
'-■> • '•
Mr. Qlds revealed that the corporation authorized the expenditureof approximately
$200 million during 1945 for improvements and
replacements of properties.
A total of $36.9 million was spent for
straight-time
-
wage increase of 15 cents an
week, the average steelworker lost
the strike approximately $207 in
Steel's oiler of a
S.
basis
weeks'
four
'
-
Vlck Chemical Co.—Stock Split-Up
have
could
he
what
over
gained a wage increase of 3'/a cents an
obtained, without a strike, through
finally
steelworker
"The
r!
„
said:
hour
..
eprploy? 1,000 and the Vari Norman Company 2,000. •' --v •,
>
1
W. T. Read, President and Treasurer of Morse company,, said that
the directors of his
company have approved submission of the Van
Norman Co. offer to stockholders of the Morse company and also
have signified their
intention, if such an* offer is consummated, to
accept it with respect to ail shares of stock of their company Owned
or controlled
by them individually.—V. 162, p. 3121.
v
prices, but it does know that the higher prices
will force thousands of adjustments in cost price ratios in countless"
industries and this in itseh will seriously disturb the transition to a
such
at
Monday; Aprilp ;!:t946
THE COMMERCIAL <& FINANCIAL CHRONICLE
1774
name
changed Sept.
j
formerly known as Thomas Young Nurseries, Inc.; i
14, 1944.—V. 159, p. 488.
• ,-r
•
•
-. - j
,
Volume 163
^
Number .4.47 7
FINANCIAL CHRONICLE
I THE COMMERCIAL &
■
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
-
CALIFORNIA
1.126%.
Alameda County Sch. Dist.
These bonds
due
are
on
cording to optional date. While
the bonds have a maturity date of
Jan.
1, 1966, they are callable
'
*
"S; Price
■
An issue of Redlands School
;(P, 0. Oakland), Calif.
Bidder
Bate
Bid
bonds -, amounting
to First
/Bond Sale—The following bonds District
National Bank,
^
.
$250,000 was also offered for sale ,-i-Phleago,'^and
■
.■ •-;!
amounting to $2,282,000 and of¬
1%
100.293
fered for sale on March 26—v. 1'63,| on March 25—V; "163, p. 1487— Coughlln & Co., jointly.
John Nuveea & Co., and
p.
1621—were
awarded to the and awarded to a syndicate com-j
t *-5 1
,
Savings
•Francisco:
National Trust
Association,
•
;
of
>
,
San
}■ %r j
'
posed of the American Trust Co.,
San Francisco, Northern Trust
Co., of Chicago, and Weeden &
Co., of Los Angeles, as iy4s, at a
price of 101.48, a basis of about
of
$850,000 San Leandro School Disi
trict bonds at-100.0504, a net
1.089%. These bonds are due on
;
interest cost of 1.1166%, as
April 1, from 1947 to 1964. Dated
,• follows:
For $136,000 maturApriM, 1946. .Denomination $1,-'
;; ing $34,000 May 15, 1947 to 000.
Interest
A-O.
The
next!
1950,' as 5s, and/$714,000 ma-,
highest bidders ware as follows:
\
turing $34,600^ May 15, 1951,
."
Price
5/ to 1971, as Is.
■
Bid";
335,000 Hayward School District ^Bidder#/### t
!
bonds at 100.038, a net inter- Harris Trust & Savings
Bank, Chicagor and
est cost of 1.14945%, as fol•lows:
For $50,000 maturing Southern County Bank,
Anaheim, jointly,
May 15, $5,000 in-1947 to 1950,
For $295,000, lV4s —-..100.779
$10,000 in 1951 to 1953, as
1%
jointly
100.207
'c
Bank,- Chicago
Harriman
1%
C.
100.189
Ripley St Co.,
and
Inc.,
Amos
'
'
Sudler St Co.,
1.10-ft
jorntly
levied
*
Jeff erson
County Golden Sett, Dist.
(P. O. Golden), Colo.
.
*
..
tion
Bond Election—An issue of site
*
.
000 will be submitted to the voters
the
election
April 8."
*
to*be
held
4%s;
and $285,000 maturing
15,- $10,000 in 1954 to
1961, $20,000 in 1962 to 1965,
IJ
;
''
Halsey, Stuart & Co.,
May
i-
*
C. F. Childs & Co.,
Milwaukee Co.,
and
$25,000'in 1966 to 1970,
*^v5as Is.
urer
^7
4,
f
'
'
trict bonds at 100.2025, a net
cost of 1.8886%, as
turities
of
said
bonds.
The
interest
%
j.
terest rate stated in the bid
follows: For $80,000 maturing
'
/
'
be
in
a
multiple
of
in¬
must
of 1 %,
y4
15, $10,000 in 1955 to The approving opinion of Orrick,
1961, and $20,000 in 1962 to Dahlquist, Neff. Browii & Herrington, of San Francisco, will be
1971, as Is.
May
;
furnished.
Enclose
a
'certified
50,000 Mt. Eden School .District
check for $3,000, payable to the
bonds at 100.11, a net interest
*
i
.
cost of 1.341%, 0s follows: For County Treasurer. *
$9,000 maturing $3,000 May
Santa Rosa, Calif.
15," 1947 to •1949, as 4s,. and
Bond Sale—The series A, mu¬
$41,000 maturing May 15, $3,000 in 1950 to 1956, and $2,000 nicipal improvement of 1946 bonds
amounting to $505,000 and offered
in 1957 to 1966,
as
1V4S.
for sale
Dated
on
March 26
were
award¬
May 15, 1946. Denomi¬ ed to the
Bank of America Na¬
nation $1,000. Interest M-N
tional Trust &, Savings Associa¬
La Habra, Calif.
tion, of San Francisco and the
■*:. Bond Election—An issue of 4% Chase National Bank, of New
park purchase. bonds amounting York, jointly, at a price of 100.to $20,000 will be submitted to the 237, a net interest cost of 0.9404%,
voters at.the City election to be as follows: for $105,000 maturing
June 1, $25,000 in 1947 to 1949,
held on April 9.
$15,000 in 1950 and 1951 as 5s,
^
Mill Valley, Calif.
and $400,000 maturing June 1,
Bond Sale—The series A, sewer
bonds of 1946 amounting to $200,- $20,000 in 1952 to 1955, $25,000 in
1956 and 1957, ? and $30,000 in
000 and
.
offered-for sale
on
March
J21—v. 163, p. 1486—were awarded
•to Blyth & Co., and Heller, Bruce
;& Co.y of San Francisco, jointly,
at a price of 100.013, a net interest
cost of 1.117%, as follows: $25,000
maturing $5,000 June 1, 1947 to
.1951, as 5s, and $175,000 maturing
June 1, $10,000 - in 1952 to 1964y
and $15;000 in 1965 to 1967, as Is.
Interest J-D. Dated June 1, 1946.
Denom. $1,000.
The next highest
bidder
was the Bank of America
National Trust & Savings Associa¬
tion, San Francisco, at a net inter¬
1.146%;; The First Na-
est cOstoT
*
tional
Bank,
Chicago,
offered
§lfv;|:
1946.
These
June
—
The water
works
bonds
.
March
25—v.
163,
p.
1487—were
awarded to the
Security First Na¬
tional Bank, of Los
Angeles, and
R.
H.
Moulton
&
Co., of Los
Angeles, jointly, asr 1 V4s, at a
price of 101.026, a basis of about
ver, as
basis
March
Is, at
of
a
Co., both of Den¬
price of 100.555, a
about
0.872%.
Dated
1,
1946.7 These bonds are
due on
March 1, from 1947 to
1961.
The next highest bidder
was
Halsey, Stuart & Co., for ls,
''
y
I
—
$
1,5527 % net cost. Other bids for
the issue included an offer of par
authorized
the
'
*
due
are
•/
v.
pa
bonds
election
Sale—The
fcj \
amounting
offered for
$47,000
to
and
March 25—y,
on
1488—were awarded to
Rauscb & Co.x of Cincin¬
as lJ/4s, at a price of 102.029,
163,
Fox,
nati,
p.
basis
a
sale
v
J
\
improyement
of
about
1,029%.
March
15,-
$1,000.
These bonds
Dated
Denomination
1946.
due
are
on
Jan.
15, from, 1948 to 1967.
next
highest bidder was Raffens*
Hughes & Co., for iy4s.
The
perger,
■;
v-;--: ■'
r;
'
v:^
IOWA
Bellevue, Iowa
Bond
Offering — Harold,
W7
Yeager, TOwn Clerk/ will receive
held sealed bids until 8 p.m. on April
recently.
17. for the purchase of memorial
building coupon bonds amount¬
ing to $20,000.., Dated April l>
1946.
Denomination $1,000.
Due
Bond
Legality Approved—An $2,000 Nov. 1/ 1951 to 1960, op¬
issue of 2^% working cash fund tional Nov.
1, 1955. Bidders to
bonds amounting to $12,000" has name the rate <of interest. These
been approved as to legality by are the bonds authorized at the
Charles
& Trauernicht,
of St. election held on Dec. 17, 1945.
premium of $346.50 for 1,70s,
;$^?8%j: made-by
Gorham JCommunity High School
District No. 16$, III.
ari'eccounifotmed by;the7Florida
Bank, oi Jacksonville,
National
and that of par for the $275,000
This
at
Dated March 29,
notes
J#
Bond
house bonds amounting to
$50,000 Was purchased recently,
subject to the election to be held
on
April 9 by Paine, Webber,
Jackson & Curtis, of Chicago, as
l%s, et a price of 101.32, a basis)
of about 1.06%.
Dated May 1/
a
Merchants
Muncie, Ind.
An issue of
.
information
furnished
by J. Edwin Lar-1
Louis.
These
bonds
son,
State Treasurer, and Sec¬
Feb. I, 1946//7
retary-Treasurer
of
the
State
Board of Administration.7
-K- '
was
were
29/1946.
W
court
.
Bank,
rate of 0.75%.
'
County Overseas Road
(P. O.
Key. West), Fla.
These bonds are due $5,-'
Other Bids—In v. 163, p. 1622— 1946.
000 on Dec. 1, 1948 to 1957.
wre^ noted the award of $3,150,r
000 SB A refunding bonds to a
Fairfield Sch. Dist. No. 112, III.
Syndicate headed byx Stranahan,;
Bond Sale Contract—Lloyd S
Harris & Co., Inc., Toledo, at a
Green, District Superintendent,
net interest cost' basis of 1.54%,
has announced that the IL C.
and the second; high bid of a
Speer & Sons Co./ of Chicago,
group managed l>y Shields & Co.,
have contracted to purchase the
New York, Which figured
$125,000 2V4% construction bonds
oaMa net ^stjof
National
son), III.
and Toll Dridge District
a
March 26
on
National Bank, and the American
National Bank, of Indianapolis, at
..
"
'
«re
dated
Principal and interest*payable at
the Town Treasurer's office.
^
Ottawa, III. ...
Piirchased^-Ah Issue oil ^ ,r.;;7i|7WNSAf;#//:77;.:
Augusta, Kan.
community hall bonds amounting
to
Bond Election—An issue of au¬
$35,000! was purchased
on
March 14 by Mason, Moran & Co., ditorium
bonds
amounting
to
$200,000 will be submitted to the
of of Chicago.
..
Bonds
IDAHO
Washington County (P. O.
C
Weiser), Idaho
:
Bond.
Election
—
An
issue
hospital
bonds 7 amounting
to
$100,000 will be submitted to the
voters
at
the
election to
be
April 6.
on
,
St.
held
.
.
Bonds
1% %
ILLINOIS
Sale
and Monroe
193
Counties
construction
—
Northern
Purchased—An
issue
Co.,
Chicago,
to $25,000 was purchased recently
by the Municipal Bond Corp., of
Trust
&
Co., Chicago, First Na¬
Chicago,
Harris
Trust & Savings Bank, Chicago,
City National Bank and Trust Co.,
Chicago, and American National
Bank, Chicago, jointly, for' IV4S,
at "a price of 100.709. Four other
syndicates also bid for the bonds
tional
on
a
Bank,
,
a
basis of about 1.18%,
on
Jan. 1, 1948 to
Due
1972.
Dated April 1, 1946.
Denomin¬
to
$150,000
purchased
was.
re¬
cently by the Small-Milburn Co.,
These bonds are sub¬
of Wichita.
.
ject to the election to be held on
April 2.
Norton, Kan.
Election—An
Bond
water
softening
bonds
tion
issue
of
construe*
amounting to $65,000
plant
will be submitted to the voters at
the election to be held on"
Apr j/ 2.
Wichita, Kan.
Bond
bonds
Sale
—
The
amounting
to
saie
and offered for
following
$243,831.59
on
March 28
1622—were awarded to
the Dunne-Israel Co., of Wichita,
as %s, at a price of 100.135:
•
■
$221,831.59 curb, gutter, paving
.
163,
p:
and
—v,
sewer
bonds..
22,000.00 park bonds.
These bonds are due on
April 1,
Interest A^O.
from 1947 to 1956.
The' next
highest bidder was a
$1,000.
Interest J-J.
The
highest bidder was A. C, group composed of Lucas, Farrell
& Satterlee, Barret, Fitch & Co.*
Allyn & Co., for $43,000 Is, at a
price of 100.176, for $175,000 IV4S, and Beecroft, Cole & Co., joint¬
at a price of 100.607.
ly- for %s, at a price of 100.1309.
Other bidders were as follows:
Highland School Town, Ind. /
;
Price
ation
next
Bond Sale—The
Offered
Hai-
Stuart & Co., made public reoffering of the bonds at prices to
yield from 0.55% to 1.25%, ac-*
sey,
l.
Bonds Purchased—An issue of
county hospital bonds amounting
,
1V4% rate.
Bonds Publicly
j
County (P. O. Kins¬
ley), Kan.
of
building bonds1 amounting
The
Trust
April 2.
Edwards
bonds
Continental Illinois National Bank
voters at the election to be held
on
(P. O,
Dupo), III.
r
Chicago Sanitary District, III.
Bond
Clair
Sch. Dist. No,
•
'::5;
Sale
Bond
extension
diana
re¬
series seven, Chicago,- at a price of 100.105.
amounting to Dated March 1, 1946. Legality ap¬
$5,000,000 and offered for sale on proved by Charles & Trauernicht,
March 28—v. 163, p. 1622—were of St. Louis.
awarded to q syndicate composed
of Halsey, Stuart & Co., First Na¬
INDIANA
1958 to 1966 as %s. Interest J-D. tional Bank, of New York, Blair
Hammond, Ind.
Co., Inc.j Eastman, Dillon &
Dated June 1, 1946. Legality ap¬
Bond
Sale —The
following
proved
by
Orrick,
Dahlquist, Co., of New York, Stranahan,
Neff, Brown. & Herrington, of Harris & Co., Inc., of Toledo, bonds amounting to $218,000 and
San Francisco. The next highest Central Republic Co., of Chicago, offered for sale on March 25—v.
bidder'was Halsey, Stuart & Co., Shields & Co., of New York, Otis 163, p. 1335—wefe awarded to R.
C.
F. Childs & Co., and Mil¬ & Co., of Cleveland, Eldredge & S. Dickson & Co., of Charlotte,
waukee Co., Milwaukee, jointly, Co., of New, York, Mullaney, Ross and Braun, Bosworth .& Co., Inc.,
Co., of Chicago, and R. H. jointly:
for $50,000 3s, and $455,000 Is, at &
Moulton & Co,, of Los Angeles, as
a price .of • 100,044, a net interest
$43,000 fire department bonds, as
1 %$, at a price of 100.927, a basis
cost of 1.0223%.
Is, at a price • of 100.367, a
of about 1.16%.
Dated April 1.
basis of 0.941%. Due on Jan.
1946. Denomination $1,000. These
1, 1948 to 1957.
COLORADO ;*
bonds are due on Jan. 1, 1966.
175,000 sanitary district bonds,
The next highest bidder was the
Greeley, Col.
as l%s, at a price of 100.823,
amounting
to
$262,000 and offered for sale on
March 26—v. 163, p. 1334—were
Ban -Bernardino County Sch. Dists.
awarded to a syndicate composed
(F. O. San Bernardino), Calif.
of
the Northern
Trust Co., of
Bond Sale—The Colton School Chicago,
Bosworth,
Chanute,
District
bonds
amounting to Loughridge & Co., and the Inter¬
$295,000 and offered for sale on national Trust
101.156 for l^s, or a net interest
cost of 1JL6%.
for
call
a
.
*
the
Bonds Purchased
Monroe
.
"*'•
announces
Crawford County (P. O. Robbin-
mitted to the voters at the election
held on March 19, were defeated.
and
temporary
a
judgment funding bonds of 1944,
t-yy
r
awarded to
Nos, 1 to 383.
County Special Tax School
District No. 1 (P. O. Tallahassee),
■r.-'Q ■
Fla. ;:77v:*7-:
bonds maturing in 1952, as
IV2S,
$10,000 May 15, 1947 to 1954, Principal and interest payable at which wae submitted
by the Bank
" .as 4s,. and- $270,000 maturing the Copnty: Treasurer'^ Office. of Melbourne.
■
:
FLORIDA
Leon
and
improvement bo nds
amounting to $1,125,000 and sub¬
.
The
amounting to $800,000 and
offered for sale
to rate or amount.
on May 1, at the Ameri¬
National Bank,
Chicago, of
can
tion
Milwaukee, and
Thomas Kemp & Co.,
City Sch. Dist., Ind.
Note: Sale
notes
demption
Bonds Defeated—The construc¬
«
/
Indianapolis
taxable
v
'•'/# ;
97,000 Castro Valley School Disjointly#
For $250,000, 1%'s
?;.;X trict bonds at 100.103, a net 111101.312
y terest cost of 1;377 %, as fol.'V lows: For $16,000 maturing Saritd ■■Crux County, Sequel Union
Elementary School District
V
$4,000 May 15, 1948 to 1951,•
(P.O. SantaCruz), Calif. •
2:asM; and $81,000 maturing
Bond Offering — H. E. .Miller,
\'iy May
15; $4,000 in 1952 to
*
1970, and' $5,000 inv 1971, as ■ County Clerk, will receive sealed
bids until 2:30 p.m.
#»#:i^s/7; •
yyj
(PST) on
'■
600,000 Hayward
Union High April 23 for the purchase of
*,v.
School
District
bonds
at school coupon or registered bonds
100.0815 a net interest cost of amounting to
$70,000, not exceed¬
1.0798%, as follows r For $60,- ing 5% Interest. Dated June 1,
7 000 maturing-$30,000 May 15,' 1946. Denomination $1,000.
DOe!
T948
and
1949,' as" 5s, 'and $5,000 June 1, 1947 to 1960. Bid¬
7 -• $540,000 maturing $30,000 May ders will be permitted to bid dif¬
ferent rates of interest:;:
15,495040 1967, as Is.
arxd^ to
"1 i$50,00$ Sah Lorenzo School Pis- split;rates irrespective of^the ina•
of 100.69.
—
on
,
"
as
National
syndicate composed
Cook County (P* O. Chicago), fit. of the Fletcher Trust Co., Union
Bonds Called
County Treas¬ Trust Co., Indiana Trust Co., In¬
purchase bohds amounting to $60,at
the
all
the 7 Mercantile
was
property therein without limita*-
.
*
against
due
are
Bank, Hammond, and Kneeland
& Co.,
jointly, for iy4s, at a price
able from ad valorem taxes to be
100.18
.
Denomination
$1,000. These
$3,000 Jan. and $2,^
000 July 1, 1947 to
1952, and $4,~
000
Jan. and July 1, 1953 and
1954.
The
next
highest bidder
$275,000
annually
each
1, 1949 to 1965, inclusive;
$325,000 to mature on Jan. 1, 1966.
The bonds, issued for construc¬
tion purposes, constitute in the
opinion of counsel, valid and le¬
gally binding obligations of the
Sanitary District of Chicago, pay¬
Walter Webb & Co.,
Harris Trust: ■ & Savings
1946.
Jan.
,
••&
bonds
terest,
,
•Bank of America
lV4s, at a price of 100.72, a basis
of about 1.09%, Dated March
15,
serially at par and accrued in¬
Other bid¬
price of 100.512.
at a
ders were as follows:
April 1, from 1948 to 1962.
building^ bonds
amounting to $46,000 and offered
for sale on March 25—v. 163, p.
1488 —were
Reusch
&
awarded
Co.,
of
to
Fox,
Cincinnati, as
Hato
Bidder
Bid
,
First National Bank,
Chicago
Harris
—'+ <°
Trust & Savings
Bank, Chicago
Halsey, Stuart &
188.024
,
Co.>_—
1 (U
100.029
101.1a
•Monday^
THE COMMERCIAL & FINANCIAL CHRONICLE
i^^^^JlENTUCIlY
O. Murray),
Calloway County (P.
Kentucky
•
.
"/'
,
Bond Offering—Lester Nanney,
County Court Clerk, will receive
sealed bids until 11 a.m. on April*
>
of 2l/i% school
refunding bonds
amounting to $43,000. Dated July
1,
1946.
Denomination $1,000.
Due July 1, as follows: $4,000 in
1947 to 1950, $5,000 in 1951, $4,V'OOO in 1952, $5,000 in 1953, $4,000
.in 1954. $5 000 in 1955, and $4,000
turing April l; $9,000 in 1961,
$10,000 in 1962 to 1966, as
iy4s; and $54,000: 'maturing
April 1, $10,000 in 1967, and
.' $11,000 in 1968 to 1971 as Is.
100,000 street 'drainage bonds.
For $50,000 maturing April 1,
,
2 for the purcnase
building revenue
Principal 'and
1956.
in
interest
thereof, in Baltimore or Prince
Frederick, or in Washington, D. C,
The purchaser may specify de¬
livery : elsewhere, upon agreeing
to bear the expense thereof. The
approving opinion of Niles, Bar¬
$3,000 in 1947 to 1952, $4,000 ton, Morrow & Yost, of .Baltimore,
in 1953 to 1960, as l%s; $25,- will be furnished the purchaser
000 maturing April 1, $4,000 without charge. Enclose a certi¬
in
1961
to
1965, $5,000. in fied check for $5,000, payable to
1966, as l%s; arid $25,000 ma¬ the County Treasurer.
turing $5,000 April 1, 1967 to
The
$50,000
bonds
improvement
public
revenue
excess
offered for sale on March
1, 1949, but subject to re¬
demption
prior to maturity in
their inverse numerical order on
interest date thereafter at
and accrued interest, plus a
any
par
;
also
Commercial Bank
Jan:
premium 6f, %
o£ 1 % ofthe face
fraction
thereof from the redemption date
amount for each
to
stated
the
year or
date
maturity.
pursuant to
of
Said bonds are issued
Kentucky Revenue Statutes 162.to 162.280 for the purpose of
.150
refunding outstanding bonds.
County. will furnish a final
The
26—v.
1336—were awarded to
p.
.
Richland Parish Sch. Dists.
Bond
Sale
—
(P. O.
La.
Rayville),
following
The
amounting to $170,000 and
offered for sale on Feb. 5—v. 163,
bonds
principal amount of the bonds
offered will be considered. The
successful bidder may, at his op¬
take up and pay for said
bonds prior to July 1, 1946, but
<
MAINE
Notes Purchased
—
An issue of
anticipation notes amounting
$100,000 was purchased recent¬
tax
,->«
notes of 1946* Dated
Sale
Bond
—
The
water works
series B bonds amount¬
$200,000 and offered for
March 26—v. 163, p. 1622
revenue,
ing
to
sale
on
Bond Co., jof Louisville.
—were
awarded to the
ination
.
due
•
$1,000.
DenomBankers
102.164,
Bond
Sale—The 2%
Aptil 3,1946
MARYLAND
were as
follows:
Rate Price Bid
Bidder
VfaVc
Sparrow &.Co.
JLaidlaw St
Co.,
and
100.00
\.;i
-
.
hospital revenue refunding bonds
amounting to $98,000 and of-
lows:
Bond
Sale
—
following
The
•
Everett Hall,
President'of the County Commis¬
Bond Offering—C.
bonds amounting to $65,000 were
awarded recently to the Merchants
Bond
Offering—Lee
MICHIGAN
P.
(EST) oil April 9 fot
purchase of 4^2% water cou¬
bonds amounting to $1,000,-
until
the
noon
1
.
,
Westwood, Mass.
Offering
Note
$75,000.
These notes are
.
.
Struction,
bonds
amounting
to
$260,000 will be submitted to the
..
at the election to be held
voters
are
issued pur¬
ment thereof and in
addition
the Third National Bank & Trust
thereto.
authority of Chapter Co., of Springfield, at a discount
603 of the Laws of Maryland of
of 0.3475%, plus a premium of
6,000
hospital
funding
notes.
1941 and the bonds of Series B
$1,
Dated March 27,1946.
De¬ ;
Denomination $6,000.- Issued
are
issued pursuant to the au¬
nominations $50,000, $25,000 and
under Chapter 3, Massachuthority of Chapter 431 of the Laws
setts Acts of 1932, and Acts
$10,000. These notes are due on
of Maryland of 1945. Both series
;
in amendment thereof and in
Nov. 8, 1946. The only other bid¬
of bonds are issued in accordance
der was the Springfield National
addition thereto.
with a resolution duly adopted by
Bank, Springfield, at a* rate of
Dated April 12, 1946.
These
the Board of County Commission¬
0.44%.
notes are due on April 11, 1947.
ers on March
26, 1946. The full
faith and credit of the County
Holyoke, Mass.
Payable at the Worcester County
Commissioners will be irrevoca¬
Bond
Sale — The
incinerator Trust
Co., Worcester, the Nation¬
suant td the
Bond Election—An issue of con>
bonds of Series A
coupon
to $120,000, not
Dated
interest.
4%
-
March 1, 1946. Denomination $t,-*
000. Due March 1, as follows: $25,in
000
1947
and $20,000
be in
1950,
to
Rate of interest to
in 1951.
Principal
multiples of V\ of 1%.;
and; interest
payable
coln Park, or
at
the
Bank,
Park
Ecorse-Lincoln
Lin-
at the' Manufacture
National Bank, Detroit.
The
bonds will be awarded to the bid¬
ers
der whose bid produces the low*
est net interest cost to the School
the pre¬
after deducting
District
In/deter¬
mining the net Interest cost, in¬
terest on premium will not be
mium offered, if any.
and in¬
considered as deductible,
terest
bonds will be computed
on
2, 1946, to their re¬
maturity dates.
These
will be the general obliga¬
from April
spective
bonds
tion of said School District
which
and
authorized
is
at
Bonds will be delivered
Detroit.
proposal for less
No
than par nor for less than all the
bonds will he considered. Enclose
certified check for 2% of the
par:value Of said bonds, payable
to the District.
Southfield
-
.
(P* 0, Lake Charles), La.
exceeding
on
school
of
purchase
bonds amounting
Bond
Sale
bonds
Township Sch.
Dist.
,
(P. O. Detroit), Mich.
No. 8
sioners, will
.
Calcasieu Parish Sch. Dist. No. 30
the
2, 1946.
Winthrop, Mass* z
receive sealed bids $45,000 sewer bonds. Due $9,000
Note
Offering — George
W.
fered for sale on March 25—v. until 2
April 1, 1947 to 1951.
p. m. (EST) on April 16
163, p. 1622—were awarded to, for the purchase of 2% school
20,000 water bonds. Due $4,000 Downie, Town Treasurer, will re¬
ceive sealed bids until April 1
Stein Bros. & Boyce, of Louis¬ of 1946
April 1, 1947 to 1951.
coupon bonds amounting
ville.
Dated April 1, 1946. Interest A- for the purchase of temporary
Dated, April 1, 1946. De¬ to $220,000.
nomination $1,000.
O. Other bidders were as follows: notes amounting to $250,000.
These bonds
Dated Jan. 1, 1946. Denomina¬
These notes are due $125,000 Nov.
are due om Oct, d,' front 1946 to
Bidder
^
Price Bid
tion, $1,000. Due $20,000 Jan. 1,
15 and Dec. 20, 1946.
1957.
1948 to 1958, Subject to registra¬ Day Trust Co., Boston for
0.60s
..^100.00
Worcester County (P* O*
tion as to principal only. Principal
;
Union County (P. O. Morganand interest payable at the office First National Bank, Boston,
Worcester), Mass*
field), Ky.
for 0.70s
100.01
of the County Treasurer.
Note Offering—The Board
of
Bond Sale—The $60,000 school
Framingham Trust Co., for
Said bonds will be divided into
County Commissioners will re¬
building revenue bonds offered
100.369 ceive sealed bids until 2:30 p.m.
.-%s
for sale on March 19-—v.. 163, p. two series, designated respectively
Second National Bank, Boston,
on April 5 for the purchase of. the
1488—were awarded to the Bank¬ Series A and Series B. Series A
for 3/4s
100.256
will comprise bonds numbered 1
foltowing
notes
amounting
to
ers Bond
Co., of Louisville, as
Laidlow & Co., iov^ks — 100.049
to' 100, both numbers inclusive,
$241,000, at a discount:
2y4s, at a price of * 103.00, a basis
the years 1948 to
Hampden County (P. O. Springof about 2.02 %. Dated March 1, maturing in
$235,000
tuberculosis
hospital
maintenance notes.
Denomfield), Mass.
1946, Denom. $1,000. These bonds 1952, both years inclusive. Series
B will comprise bonds numbered
illations $25,000, $10,000 and
are due on March 1, 1950 to 1967.
Note
Sale — The
temporary
101 to 220, both numbers inclu¬
notes amounting, to $500,000 ari,d
$5,p00/ js£]ued updey^ author¬
sive, featuring in the' years 1953 offered for sale on March 27—
LOUISIANA
ity or General Laws, Chap¬
to 1958, both years inclusive. The
ter 3, and Acts, in amend¬
v. 163, p. 1623r~were awarded to
:
Edu*
bids
April 2 for
a.
Dec.
-
sealed bids
purchase revenue notes amount¬
on
-
(EST)
Until 8 p.m.
District.
Town
April 3 for the
until 5 p. m. on
to
''
The
—
Treasurer will receive
due
.
Wolfe,
.
ing
about 0.589%
Bond Offering-Frank E.
Secretary of thev Board of
cation, will receive sealed
required by
law to levy upon all the taxable
purchase
of
temporary
notes property therein such - ad valorem
amounting
to
$350,000.
Dated taxes as may be necessary to pay
April 5, 1946. Denominations to the - principal of and the interest
suit purchaser, but no note^ will on said bonds within the limita-1|
be
smaller
than
$10,000.
Due tions prescribed by Section 21 of
April 4, 1947. Issued under Gen¬ Article X of. the Michigan Con¬
eral Laws, Chapter 111, Section stitution and the Michigan "Prop¬
85A. Payable at the Second Na- erty Tax Limitation Act."
Said
tional Bank of Boston, or at the School District authorized an in¬
Chase National Bank, New York crease in the tax rate limitation
City; and will be delivered on or to 2.6 % • of the assessed valuation
about April 5, 1946, at the Sec¬ for the years 1946 to 1950, both
ond
National Bank
of Boston, inclusive, at* an' election held pp
against payment in Boston funds. Jan. 28, 1946. Bids shall be con¬
The notes will be authenticated as
ditioned
upon
the unqualified
to genuineness by the Second Na¬ opinion of Claude H. Stevens,;of
tional Bank pf Boston and their Berry and Stevens* of Detroit, ap¬
legality
approved
by
Storey, proving the legality of the bonds.
Thorndike, Palmer 8c Dodge, of The cost of the legal opinion and
Boston.
the cost of the printing; of the
bonds will be paid by the School
at
Boston, as 0.70s.
price of 100.31, a basis of
Sch. Dist. No,
(P. O. Allen Park), Mich.
Stack,
Vice-President,
has
announced
that sealed bids will be received
National Bank of
a
Worcester County
Ecorse Township
.
basis of about 1.336%.
a
-
Calvert County {P. O. Prince
Frederick), Md.
municipal
of
Mutual Life
Insurance Company (P- O.
Boston), Mass.
April 1,
1946. Denoms.
Middlesex'::C^tdy^(P*iD».
East Cambridge), Mass.
$1,000 and $500. These bonds are
due $3,500 April 1, 1949 to 1974.
Note Offering—James/C. McThe next highest bidder was the
Cormick, Acting County Treas¬
Merchants National Bank, Boston,
urer, will receive sealed bids un¬
and Lee Higginson Corp., jointly,
til 10:30 a.m. ..on April 2 foif the
for 1 Vzs, at a price of 101.2L Other
w
These bonds are
Paducah, Ky.
price
Dated
3, 1946; Notes will
Bidder
Rate
be certified as to genuineness and
Second National Bank, Boston
validity by the Second National
(Plus $1.00)
0.40%
Bank of Boston, under advice of
Day Trust Co., Boston «—> 0.40%
Storey,
Thorndike,
Palmer & R. L. Day & Co.
0.47%
Dodge of Boston. Notes are pay¬
able at the aforementioned bank.
Framingham, Mass.
May 1, 1970.
on
a
11, 1946, (EST), (whatever time
designation ; is proper), against
payment by certified check;at» the
accepted price plus interest, un¬
less other arrangements are agreed
Mass.
upon. All bids are to be made in
Bond Sale—The $91,000 water
terms of a dollar price per $100.00
bonds offered for sale on March
face value of bonds. The approv¬
22 were awarded to Paine, Web¬
ing opinion of Hawkins, Delafield
ber, Jackson. & Curtis, and Robert
& Longfellow, of New York City,
Hawkins & Co., both of Boston,
will be furnished. No deposit will
jointly, as lVgs, at a price of
be-required.
due Dec.
and
Hopkinsville, Ky.
<>■'
at
and ^yalidity
uineness
John Hancock
Dated Oct 1, 1911. Due Oct. 1,
"Bill Rejected—A bill calling for 1961. All bids will be for the en¬
issuance of bonds amounting tire
block; ahd^^ will be considered
to $10,000,000 to help finance 1946 firm until 5
p. m. (EST). Delivery
appropriations, has been rejected will be made at the First Nationai
by the Legislative Committee on Bank, Boston, on Thursday, April
"
$750.
Is,
1966.
the
,
.
P
for
to
000.
Boston, Mass.
bidders
Caribou, Me.
be
not
1947
pon
required-to, do so to
w,/'E, Hutton st co.,
;
;
Jointly. :
'-I......
1%%
101.91
prior to said date.'; In the event
ly by F/W. Home & Co., of Port¬ Hyannis Trust Co.,
that prior to the issuance of said
Hyannls £&&
—1%%
101.33
land, at a discount of 0.74%; Dated
bonds the income therefrom to
March 20, T946. These notes are
Eastharnpton, Mass.
private holders becomes taxable
dub on Feb. 15, 1947.
by the terms of any Federal inNote Sale—The temporary notes
: Icome tax law, the successful bidLewiston, Me.
* <
for sale on March 2 were awarded
:■ der,
upon request, will be re¬
Note Offering—Adrien O Ant- amounting to $100,000 and offered
lieved of the obligation to accept cil, City Treasurer, will receive to the Merchants National Bank,
delivery and pay for the bonds bids until 5 p.m. (EST) on April of Boston, at a discount of 0.384%,
upon the terms specified in such
2 for the purchase at discount of These notes are due on Nov. 8,
bid.
Enclose a certified check for $500,000 revenue anticipation 1946. Other bidders
wpre as fol¬
shall
by the
Trust Co., un«,
der advice of Ropes, Gray, Best,
101.3599. Coblicige & Rugg, of Bostom
due on April 1, from
The next highest
bidder was Halsey, Stuart & Co.,
bonds are
the
^ Trust Co., of
Franklin, as Is, at a price of par.
Dated April 1, 1946.
Denomina¬ Municial Finance in an adverse
tion $1,000. The next highest bid¬ report filed in the House.
der
was
Scharff & Jones, for
Bourne South Saga-Mbre Water
$325,000/ at a net interest cost of
Dist. (P. O. Box 512, Sagamore),
1.32%.
'
163,
362—were
awarded to the
ap¬ p.
proving opinion of Stites & Stites, Commercial National Bank, of
of Louisville,
and bond forms. New Orleans:
All bids must be on and accord¬ $100,000 School District No.
1
bonds.
ing to a bid form which may be
ob tained from the above Clerk.
70,000 School District No. 2
bonds.
No bid of less than 103% of the
tion,
MASSACHUSETTS
1971, as Is,
at the Bank of Murray
Non-callable
to
and : including
payable
in 'a*Reasonable time afterthesale
The
—
building
2%
amounting to $15,000 and
offered
for
sale
on
March
19—v.
163, p. 1489—were awarded to i
McDonald, ; Moore • &
Co.,
of f
Detroit, at a price of 101.814, a ;
basis
of
about
1.262%.
Dated' I
April
1946.
1,
$1,000. j
Denom,
1,
These bonds are due on April
,
The'net high- ;
the First of Michi¬
from 1947 to 1950.
est bidder was
gan
Corp., at a price of 101.425.
T i
Troy Township Sch. Dist. No.
(P. O. Clawson), Mich.
;
Bond
Call—Donald
Isenbarger,
District
Secretary, calls for pay¬
ment on May 1, refunding bonds i
Nos.-37 and 38.
Dated March 1,
1^44. * These'4>6hds >^re«. duel:-bri;. :i
May lj 1960, subject to redemp¬
tion at par and
accrued interest
:
interest payment date, bn
and after Nov. 1,1945. The bonds
on any
should be delivered to the Manu¬
National
facturers
Bank of De*
troit for payment.
:
/
.
on
May 6.
Franklin, La.
/•
Bio
:
bonds
d
Sale — The following
amounting to $325,000 and
n
offered
v.
a
for
sale
on
March
26—
163, p. 1336—were awarded to
syndicate
composed
of
the
Equitable Securities Corp., Kings¬
bury & Alvis, and Glas & Crane,
of New Orleans, at a price of par,
a
net interest cost of 1.286%:
$225,000, street paving bonds. For
$112,000
maturing April
1,
$7,000 in 1947 to 1950, $8,000
; -
J
.: in 1951 to 1956, $9,000 in 1957
to 1960, as l%s; $59,000 ma¬
bly pledged to the payment of the
maturing principal and interest
of
said
been
for
bonds, rovision having
made, as required by law,
levy
of
unlimited
ad
the
valorem
taxes
on
all
assessable
property in said County sufficient
for said purposes. The bonds will
be- delivered
to
.
.the purchaser,
without additional expense, with¬
bonds
amounting to $396,000 and
offered for sale
on
March 28
awarded to Hornblower 8c
Coffin
&
Weeks,
Burr, and the Stone 8c
Webster Securities Corp.,
as
Is, at
of
about. 0.846%.
a,
were
price of 101.449,
jointly,
a
basis
Dated April
1946. j Denomination $1,000.
al
the
Shawmut
Chase National Bank of New
York.
or.
Bank, of Boston, or
Delivery will be made on
about
Worcester
April, 12,
1946,; at the
County
Trusts Co.,.
Worcester, or the
will' be
Said notes
authenticated as to gen¬
<
(Ps O. Stewart*? H
yille), Minn..
Sale
Bond
—
The
,
road
and
bridge ooncts amounting to $35,*
000 and offered for sale
23—v.
to
163,
the
p
p.
on
March
1489—were awarded
Northwestern
National
Bank, of, Minneapolis,; as 1.10s, at
a
price of 100.758,
a
basis of about
•
Feb. 1,. 1946. Denom.;-
National Shaw¬
1, mut Bank; of Boston.
These
*
MINNESOTA
Pleasant Grove
$l,000s:.These' bonds
1,
from:'1948 to
are
due:Feb.
1965. The iiext
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 44/7
Volume 163
called in the order of their serial
highest bidder was J. M. Dain &
/Co., for 1.10s, at a price of 100.514.
Other bidders were as follows:
/>
v,
i
Price Bid
J. M, Dain & Co./
'
j
Bidder
For 1.10s
■
?
,
'
will
E. J. Prescott & Co.,
bonds and the
the
Piper, Jaffray & Hopwood,
For l.%s
—-100.08
First National Bank,
Paine, Webber, Jackson &
.
•'•
-
.......—100.08
For 1V4S
St.
.
Paut, Minn.
Bond Offering—The City Coun-
;
,/cil adopted
resolution calling for
a. m. on May 1 for
the purchase of capital approach
bonds ^amounting /to
$1,000,000.
.These bonds are due in 1947- to
furnished by the County. Enclose
a certified check for $3,500, pay¬
able to the County,
a
)
Minn.
"
5
K
Election
Bond
O. Morris),
Held—An Issue
'
of
amounting to
submitted to the
hospital bonds
*$300,000
was
"
at
voters
the
election
held
on
;l&arch 29,
MISSISSIPPI
t'Xf^Vr:
No. 23
'
Lake County Sch. Dist.
/•
Bond Sale—The building bonds
O.
<
1976.
,
MONTANA
bids until 10
Stevens County (P.
the; bonds. will be
purchaser on or be¬
15, 1946, in the City of
Kennett, without cost to the pur¬
chaser. Delivery elsewhere will be
made at the-expense of the pur¬
chaser.
Bids
to
be on y forms
made to the
fore May
SLvRaulp|§t-/;^
For 1.15s—100.0/
v:
office
Delivery1 of
f/
''
for the printing of the
registration fee at
of the State Auditor.
pay
(
For 110s ^-.-.*——^>.100.251
*
numbers,
beginning
with 1 the
lowest numbered callable bond.
The County will furnish the legal
opinion of the law firm of Charles
& Trauernicht, of St. Louis, and
Poison), Mont,
amounting to $65,000 and offered
for sale on March 23—v. 163, pi
1208—were awarded to J. M. Dain
of Minneapolis, as 1.20s, at
price of 100.538. Dated June 1,
1946, Principal and interest to be
& Co.,
a
fying the
same rate of interest, the
bonds will be sold to the bidder
Section 107 of the Local Finance
Law.
In the event that prior to
complying with the terms of sale
and offering
to accept for the
the delivery of the bonds the in¬
come received by private holders
the least
bid
amount
amount
of
bonds, the bonds to be accepted
being those first maturing, and if
two
or
bidders offer to
more
ac¬
least amount, then
to
the
bidder
offering to pay
therefor the highest price. "The
purchaser
must
also
pay
an
amount equal to the interest on
cept the
same
,
the
bonds accrued to the date of
purchase price.
In the event that prior to the
delivery of the bonds the income
received by private holders from
bonds of the same type and char¬
acter shall be taxable by the terms
of any Federal income tax law,
the successful bidder may, at his
election, be relieved of his obliga¬
the
of
payment
tion under the contract to pur¬
chase the^ bonds arid in such ease
the deposit
accompanying his bid
The successful
.
/Bond Call-in accordance with
provisions of the trust indenture,
ta total Of $1,726,000 bridge reve¬
nue refunding bonds, dated Nov.
!.!; 1941, have been called for pay-
(State of)
Nebraska
.
Procedure
said bonds
provided in Title 6 of Article 2 of
the Local Finance Law has been
Ordinance
Passed
—
An
passed on March 11
by the Borough Council calling
for the issuance of the following
was
bonds
■
'
$20,000 series A. issue of 1946,
building addition bonds. Due
April 1, 1947 to 1960.
/
14,000 series B, issue of 1946, fire
truck
bonds. Due April
1,
■
j|J|rpmT
Dated
B.
E.
as
for sale
on
March 27
were
award¬
ed to the First National Bank, *of
Mount Vernon, at a rate: of 0.25%.
Dated
ppnds numbered 121 to 800, and a
premium of 5% of the principal
I amount of each of the remaining
Public
Power
NEW
NEW
District.
HAMPSHIRE
—
Berlin, N. H.
/
.bonds, will be made on or after
1 date
Note Sale—The temporary notes
/called, oh; surrender of said
bonds, accompanied by all June 1, amounting to $100,000 and of¬
1946,
ahd subsequent coupons fered for sale on March 26 were
.unless registered as to both prin¬ awarded to the National Shawcipal and interest,, at the Union mut Bank, of Boston, at a dis¬
Dated April 8,
.Planters National! Bank /& Trust count of 0.50%.
1946.fr Denominations to suit pur¬
/Co. ,in Memphis, or atHhe Chem
.
"
leal Bank & Trust
Co., New Yojrk.
Bonds registered as to principal
alone or as to both principal and
chaser.
July
8,
bidder
These
notes
1946.
The next
was
the
are
First
due
on
highest
interest should be accompanied by Bank, Boston, at a rate of 0.54%,
duly executed assignment in and W, E. Hutton & Co., at a rate
of the registered owner or
his attorney.
Coupons maturing
prior to redemption date will be
/paid
upon
presentation and sufr
Iiiterest
render,
/called. "
i
'
ceases
on
date
of 0.54%.
on
Bond
Election—An
issue
of
system improvement bonds
amounting to $500,000 will be
submitted
to
the
election to be held
at
voters
on
April 2.
Roy, N. Mex.
.
the
r
Bonds To Be Issued—The $25,propane
gas storage revenue
an
as a
result of
election held recently.
;<
-.'I
"
-
,;ri;
rt/'V,
•
'riv-Vv
j
..
MISSOURI
Enclose
check for. $28,000. 1.
163,
,
certified
a
:
March 28
were-
0.57%.
Dated March 29, 1946.
These notes mature on July 29,
1946.; : The next highest ; bidder
the
was
-
Chase
National//Bank,
bidder
the
was
Riverhead
ings Bank, Riverhead,
*
Sav¬
-
.
"
Yates,: Ridgeway^; Carlton \ ■and*
/ Qaines, \Central::Seh. Dist,
No. I (P* O. Lyndonville), 'N- Yi
Bond Sale r- The athletic, field
bonds amounting to $12,000 apd
offered; for sale on March. 27—v.
163,"
1624—were awarded 1 .(to
Inc., as 1 »10s; at a
price of 100.11, d basis of about
p.
~
Blair & Co.,
from
1947
1956.
to
highest bidder
.
Sale—Of
offered
the
$9,100,000
March
on
28
Other bidders
were
The
next
was
1624—a total of $5,557,000
were
awarded
to
a
syndicate
headed by the Chemical Bank &
Trust
as
Co., of New York, at 0.62%,
follows:!
$1,505,000 first series.
767,000 fourth series.
* *
;
1,650,000 fifth series;;; Z
1,635,000 sixth series.
The remaining $3,543,000 notes
sold
as
as
follows:
Price
—v.
p.
were
Bidder
National
~
<
-V
Bronx
s
♦
^'.'Rate-
t:io%
New, York
Marine Trust
Bid
100.054
v'
^.20%
Buffalo
Tilney & Co
1
Wood, Struthers & Co.__
Newburger, Loeb & Co.__
Geo.
>
Bank,
T;20%
1.20%
1.20%
B. Gibbons" &
'-y
100.225
100.21
100.202
100.16
""-V
100.08
NORTEL CAROLINA
'Blowing Rock, N. C.
follqws:; $1,500,000
Bond Sale—rThe park and
play¬
New ground bonds amounting to $5,000 and offered for sale on March
bonds amounting to $70,000 will York, at 0.58%, plus a premium
26—v. 163, p. 1624—were awarded
be submitted to the voters at the ofp$30£$l,500,000 third;series .to
td R/ SriDicksdn dt"Co/, of Char?*
City election to be held on April 2: the Bessemer Trust Co.,Jersey
City, at 0.58%, plus $3; $543,000 lotte, as 2^4s, at a price of 100.25,
$50,000 sewer extension bonds.
a
basis of about 2.22%./ Dated
seventh series to the Corn Ex¬
20,000 fire station bonds. /
June 1, 1946.
Denomination $1,change Bank & Trust Co., New
000. These bonds are due $1,000
NEW YORK
York, at 0.60%.
June 1, 1954 to 1958.
Each series is dated April 17,
Barker, N. Y.
1946 and due on April 17, 1947.
Charlotte, N. C.
Bond Sale—An issue
Santa Fe, N. Mex.
Bond
second series to the Central Han¬
Election —The following
ing of 1946 bonds amounting to
$506,000 and offered for sale on
March 22—V. 163, p. 1489—was
[Dunklin County (P. O. Kennett), awarded to a syndicate composed
Mo.
of Graham, Parsons & Co., of New
Bond Offering—H. B. Lemonds, York, Commerce Union Bank, of
Nashville,-and Julius A, Rippel,
tClerk of the County Court/ will
receive sealed1 bids until/1 p. m. Ihc^ of /Newark,: as .115s,at- a
price of 100.04, a basis of about
on April 15 for the purchase of
of coupon
1.147%.
Dated
Feb. - T/^1946,
.public, hospital: bonds amounting
Denom/ $1,000.
These bonds -are or registered1 water bonds amount¬
•to $350,000.
due on Feb. 1, from 1961 to 1968. ing to $37,000 was sold on March
/
Dated April 1, 1946. Denom.
29, 1946.
$1,000. ' Due April 1;/ as follows:
Pemberton Township ' (P* O.
Dated 'April 1, 1946/ / Denomina¬
Browns Mills), N. J.
?$5,OQO in ,1947,' $15,000 in 1948,
tions $1,000 arid $50d.
Due April
$16,000 in 1949 to 1951/ $17,000 in
Bond Offering—Walter H. Stull, 1, as follows: $1,500 in 1947 to
1952 to 1955, $18,000 in 1956 to
Township
Clerk, ; will
receive 1956, and $2,000 in 1957 to 1967.
1958, $19,000 in 1959 to 1961, $20,- sealed bids until 8 p.m. on April Rate of interest to be in multiples
000 in 1962 and 1963, and $21,000 5
for the/purchase of water of of ^4 or one-tenth of 1%, and
.v
be furnished.
Note
bonds will be issued
Bond Sale—An issue of refund¬
on
1.08%. Dated March 1, 1946. De¬
Caldwell,;. Marshall, Trimble & nominations
$1,000
and
$500.
Mitchell, of New York City, will These bonds ate due oh
March
notes
water
,
Paterson, N. J.
sale
to /the ! National
City
Bank of New York, at a rate of
,
These notes New York, at a rate of 0.58%.
are due on July 1> 1946.
The next
Westhampton Beach, N. Y.
highest; bidder; was the; County
Trust Co., White Plains, at a rate
Bond Sale—The highway ma¬
of 0.375%.
chinery bonds amounting to $5,*
000 offered, for sale on March 26
New York City Housing Authority*
163, ► p. 1490—were awarded
New York
ta the, Seaside Bank, of West¬
Bond Offering—Edmond B* But¬
ler, Chairman, has announced that hampton: Bea'chV-. Dated - April: J,
the City Comptroller will receive 1946,- Denominations $1,000. These
sealed bids at his office, Room bonds are due $1,000 on July 1,
1946 to 1950.
The next highest
530, Municipal Building, until 11
April 2.
Raton, N. Mex.
000
NEW JERSEY
were
C» F. Childs &
000
will
be
submitted
to
the New York
City Housing Authority, Co., and Sherwood & Co., jointly,
voters at the election to be held
New ' York
'
for 1.10s, t at a' price ;of 100.108.
National
,a
; blank,
MEXICO
Lordsburg, N. Mex.
Bond Election
An, issue of
paving bonds amounting to $28,
Other bidders
April 8, 1946.
.
■
for 1.20s.
awarded
,
u
April 1, 1946. Denom. $500.
highest bidder was Geo.
Gibbons & Co., Inc., and Chas.
Weigold & Co., jointly, at 100.32
The next
(P. O* Mamaroneck)i offered for
New York
arpountirig to $92,000;
$40,750 sewerage system bonds.
/to bonds Nos. 121 to 800, maturing
34,000 apparatus acquisition and
Dec. 1, 1946 to 1956, and Nos. 804 ing the 1945-1946 edition of their
equipment bonds. '
r
«
booklet setting forth the princi¬
a.nnZ (EST) on vApril 2 for the
.to 1,094, due Dec. 1, 1968.
The
17,250 beachfront building bonds.
pal items bearing' on the finan¬ These
purchase of Jamaica Bay Houses
/bonds Represent the balance outbonds will probably not be
cial condition of all of the State's
standing of an- original issue of
offered1 for / the
next
several coupon* or r e g is t e r e d bonds
municipal subdivisions. The com¬ months.
amounting to $1,400,000, not ex¬
'
t$2,100,000, with the exception of
pilation includes statements of
ceeding
1.20%
interest.
Dated
t$374,000 which have,either been
assesed valuations, bonded debts
Trenton, N. J,
April 1, 1946. Denomination $1,/retired
thi£turity or -otherwise and total tax levies for each mu¬ / Plans Bond Issue—On March 5, 000. Due
$280,000 April 1, 1948
'redeemed." p/;/;:!;;/,' r,1/,';/ {- C. •
'''
the City Commission tentatively to 1952.
Rate of interest to be in
ui:;Paymehtibf"the principal nicipal unit as of Jan. 1,1946. In
addition/ there is a section de¬ agreed on an issue of veterans a multiple of' one^tenth v of 1%.
amount of bonds, the accrued in¬
voted to the outstanding indebt¬ emergency housing bonds amount¬ Principal and interest payable at
terest thereon to date of redemp¬
edness and operating areas of the ing to $100,000.
the National City Bank, New York
tion and a premium of 6% of the various
City.
The approving opinion of
systems of the Consumers
principal amount of each of said
,ment'oh/May L ^ The call/applies
Wachob-Bender Corp., 210-12 So.
17th St., Omaha 2, are distribut¬
nectady Trust Co., of Schenectady,
as Is, at a price of
par:
■
as
amounting to $44,000 and offered
the
sale on March 22—v. 163, p.
1490—were awarded to the Sche¬
follows:
<
complied with.: The bonds will be
delivered at Barker, or at such / Bidder
"
Rate Price Bid
0. P. Childs & Co.. and
other place as may be agreed with
Sherwood & Co., jointly. 1.20%
100.11
the purchaser, about April 1, 1946. Wood, Struthers & Co.*..' 1.207c
100.020
The approving opinion of Van- Tilney & Co
l>/4%
100.13
Newburger, Loeb & Co.... 1V, 7c
100.02 v
dewater, Sykes & Heckler, of New
York City,1 will be furnished to
Utica, N Y.
the purchaser without cost.
Note Sale—The tax anticipation
notes amounting to $1,500,000 and
Mamaroheck
opinion of Hawkins, Delafield &
Wood, qf New York, that the
bonds are valid and legally bind¬
ing obligations of the Board of
Education., Enclose
a
certified
ordinance
Municipal Debt Statistics—The
bid will be returned.
for the validation of
Note Sale—The school tax notes
Bond
> NEBRASKA
law, the successful bidder may, at
his; election, be relieved of his
obligations under the contract to
purchase the bonds and in such
case the deposit
accompanying his
bidder will be furnished with the
payable in semi-annual install¬
ments during a period of 20 years
from date of issue. The next high¬ check for
$760, payable to
est bidder was Piper, Jaffray & Township.
Hopwood, for 1.20s, at a price of
Spring Lako, N. J.
100.507.
•
for
.
from bonds of the same
type and
character shall be taxable by the
terms of any Federal income tax
will be returned*
..
Natchez,
1777
Trust
Bank"&
over
Co.,
.
..
♦in 1964 to 1966. Bidders to name
»the rate of interest in
a
multiple
of one-eighth of
the
same
1% and must be
for all of the bonds. No
bid for less than par and accrued
'interest.
Principal and interest
payable at a bank designated by
the purchaser, subject to approval
of the County Court.- As required
by the statute pursuant to which
these bonds are
issued, the right
is reserved unto the County, at its
option, to call in, pay and redeem
bonds maturing in.1952 and there-:
after on April 1, 1951, or on any
interest payment date thereafter,
at
par
aridaccrued
interest;
also, as required by said- statute,
thei said bonds, if called and re-
^e^me^ priqr. to ipatupty, lyill be
1946, coupon or registered bonds
amounting to $38,000, not exceed¬
ing 6% interest. - Dated April 1,
1946.
Denomination $500.
Due
April 1, as follows: $1,000 in 1947
to 1954, and $1,500 in 1955-to 1974.
Hate of interest to be in multiples
of Vs or one-twentieth of 1%, and
must be the same for all of the
bonds. Principal and interest pay¬
able at the Township Treasurer's
office.
No proposal will be con¬
sidered which
specifies a rate
higher than the lowest rate stated
in any legally acceptable proposal;
Each
proposal' must state the
amount bid for the bonds,- which
shall' not be less than $38,000 nor
more than
$38,500. - As between
legally acceptable proposals speci¬
Unsuccessful
Bank
bids:
Chemical
Bond
Election
—
An
issue
of
bM a rate of 0.62% water, sewer and auditorium me¬
for
second, third and seventh morial bonds amounting to $5,series; Corn Exchange bid 0.60% 974,354 will be submitted to the
fbr/
group
the/'secQhd
series; /, Salomon
voters at the
election to be held
Bros. &
Hutzlerr New York, bid on April 23.
0.70 %, 'plus.. $16
premium, for
Greenville, N. C•
first series; 0.65% and $23 for the
Bond
Sale — The public Im¬
second; 0.66% and $25 for third;
0.71% and $7 for fourth; 0.67% provement bonds amounting to
must be the same ior all of the
and $31 fori fifths 0.68%, and $33 $53,000 and offered for sale .on
bbnds.. The period of probable
March 26—v, 163, p. 1624—were
usefulness is 40 years.
Principal fori sixth,; and 0.69%, plus $6, for awarded to -McDaniel Lewis
,&
the seventh series.
and interest payable at the Somer¬
Co., of Greensboro, at a price of
set National Bank, Barker. Said
New York (State of)
par, a net interest cost of 0.938%,
bonds are issued pursuant to the
Bonus Amendment Approved— as follows: for $8,000
maturing
Constitution and statutes of the
On March 19 the Legislature ap¬ April 1, $2,000 in 1948, $3,000 in
State, including among others, the
proved a proposed constitutional 1949 and 1950, as 4s, and $45,000
Village Law and -the Local Fi¬ amendment
authorizing a $400,- maturing $5,000 April 1, 1951 to
nance
Law.
The statutory au¬
000,000 bonus to the State's 1,700,?- 1959,
as^ - %s.
Interest ; A-O.
thority to accomplish' the objects 000 World War II veterans.
To Dated April 1, 1946. - Denomina¬
or purposes for which said bonds
become effective, the amendment tion $1,000. The next highest bid¬
are
to be issued is the Village
must be passed by the 1947 Legis¬ der was F. W. Craigie & Co., for
Law. .' The Village operates under
lature and then be approved by
Is, at a price of 100.193, a pet in¬
the Village Law of New York. No
the voters.
terest cost of 0.976%,
/ >.
applicable local law has been
adopted pursuant to Section 33,' or
Niskayuna Fire District No, /,• ;
170 of the Local Finance Law or
New York.
1Sond * Offering—F. H. Smith,
Chapter 780 of the:Laws of 1944.
Bond Sale-r-The following bonds City Manager, has announced that
,
,
'
,
,
No.down
v
payment,is;required by amounting rtp $34,000 and offered
the
Local Government ~ Commis-»
THE COMMERCIAL & FINANCIAL CHRONICLE
1778
sealed
receive
will
sion
bids
sewer
bonds
Mecklenburg County (P. O. Char'/.:// lotte), N.' C. /M:/
Election Date Changed—G. D.
Bradshaw, Clerk of the Board of
County Commissioners, has an¬
nounced that due to legal re¬
quirements, on account of adver¬
tising the date of election to sub¬
mit to the voters the following
bonds amounting to $6;272,000 has
been changed from April 16 to
April 23:
$300,000 public library bonds for
the County and City of Char¬
lotte.
school
^construction
and
site
purchase,
improvement
or
equipment
bonds.
1
NORTH
purchase
'
,
Ashley," N. D.
—
issue
of
water and sewer
system construc¬
tion bonds amounting to $45,000,
not exceeding 4% interest will be
submitted
election
These
be
bonds
voters
the
to
to
held
1963, $2,000 June
conditional
L
1948
to
ceived.
bids
will
Fargo, N. P.-
No bids
mu¬
nicipal golf course improvement
bonds amounting to $50,000 will
be submitted to the voters at the
for less than par and accrued
terest.
Enclose
a
certifed
in¬
check
for 3% of the bonds bid for, pay¬
able to the Board of Education.
Franklin Sch. Dist.,
April 2.
Ohio
Bond Elections-Am issue of con-*
Grafton, N. D.
struction
bonds
amounting
to
water system bonds amounting to $350,000 will be submitted to the
voters at the election-to'be held
$450,000 wil be submitted to the
voters at the City election held on May 7. ■» -Bond
oh
Election
—
An
of
issue
April 1,
■;
,.,r-
Galiony Ohio -: J
Bond Resolution
Passed —? A
Townshtp(P. O. Sot man,
-resolution calling; for an issue of
Route 1), N.D. y\,
Bonds Voted
An issue of municipal improvement bonds
amounting to $75,000 was passed
township bonds amounting to $7,
000 was favorably voted at the recently, by the City Council,1
'
Rutland
"t
—-
election held
on
March
19.
De¬
nomination
First National Bank & Trust Co.,
j
of
Oklahoma City.
These bonds
due $1,000. in 1949 to 1956.
Authorization took place at the
'
Sandusky City Sch. Dist., Ohio
Bond ; Offering — H y a c i n t hi
1964, $7,000 in 1965, and $8,000'
in 1966. Bidders may bid for a dif¬ Rheinegger, District
Clerk-Treas-j
ferent rate of interest in a multi¬ urer, will receive sealed bids un-j
ple of oneseightlr of ;1%; ;^The til noon dm ApriI12 for/the pur*
bonds will be sold to the highest chase of 2% first series improve¬
bidder for not less than par and ment coupon bonds amounting tor
accrued interest. Enclose a certi¬ $200,000. Dated May 1, 1946.
De¬
fied check for -1% of the bonds nomination $1,000.
Due $10,000'
bid for, payable to the Board of Nov. 1,1947 to 1966. Bidders may
Education,
1 - bid for h; different rate of inters
est • in a multiple of > *4 of 1%.:
New Vienna Sch. Dist., Ohio
These are the bonds authorized
;'^Bonds:^oted^An;issue;;0^gynvt at the general election on Nov. 6,i
nasium auditorium bonds amount¬
1945, and are payable from taxes'
ing >to $150,000 was .favorably levied outside of tax limitations.
Green Local Sch. Dist. (P. O. R. 0;
No. 2, Uniontown), Ohio
election
held
are
election held
•i;<:
on
Feb. 5, 1946.
l.^Gh'avenna'tl.Oktaki%r\i.'^
Bond Offerlng—The City
receive
sealed
bids
will
Clerfe
until
2 p.m. on
April 3 for the purchase
of water system bonds amounting
to $15,000. Due $3,000 in 1949 to
The bonds will be awarded
1953.
R
the lowest: r
agreeing to I
and: accrued interest, i
te the -• bidder: offering
rate
of- interest
pay
par
and-
bonds were-authorized at |
Principal and interest, payable at
March 19.
the Citizens Banking Co., San¬ the election held on March 15.
dusky. The proceedings looking tor
Ohio (State of)
Chouteau, Okta, *
'
1 V
the issuance of said bonds have
Bond: Election*:
'An issue of
Municipal Market Firm — J. A.<
been taken under the supervision
water system bonds amounting to.,;/
White & Co., of Cincinnati, re¬
of Squire, Sanders & Dempsey, of
$60,000 will be submitted to the r
ported on March 27 as follows:
Cleveland, whose approving opin¬ voters at the election to be held |
"Prices held firm in
the
Ohio
the
at
voted
These
on
j|
municipal bond market during the
past week and all of our indices
are unchanged today from the all,
time high levels set last week,Mi
yields of 113% lor the *20 Ohio'
bond index, 0.99% for the 10 high1
grade bonds, and 1.26%for 'the 10
lower grade names."
Painesville
Sch.
Dist.,
Bond Offering—G. E.
re¬
The approvingTopinion of
cinnati will be furnished.
Bond Election—An issue of
be
Peck, Shaffer & Williams, of Cin¬
;
election to be held ion
SlOr
,
No
in
Offering—' Stanley
1, 1964, $2,000 June and
$1,500 Dec,; 1, 1965, $2,000 June
and Dec. 1, 1966, and $2,000 June
1, 1967. Rate of interest to be in
multiples,; of 2A of. 1%/ ; These
bonds were authorized at the gen¬
eral election held on Nov. 7,1944..
April
on
due
are
the
at
^962
-
Bond
neker, District Clerk, will receive
sealed bids until 8 p.m. on April
11 for the purchase of building
bonds amounting to $75,000, not
exceeding 2% interest. Dated Feb.
1, : 1946. ; Denominations
$1,000
and $500. Due $1,500 Dec. 1, 1947,
$2,000 June and Dec. 1,1948 $2,000
June and $1,500 Dec. 1,1949, $2,000
June and Dec. 1,1950, $2,000 June
and $1,500 Dec. 1,> 1951, - $2,000
June and Dec. 1,1952, $2,000 June
and $1,500 Dec. 1,1953, $2,000 June
and Dec. 1, 1954, $2,000 June and
$1,500 Dec. X, 1955, $2,000 June
and Dec. 1, 1956, $2,000 June and
$1,500 Dec. 1, 1957, $2,000 June
and Dec. 1, 1958> $2,000 June and
$1,500 Dec. X, 1959, $2,000 June
and Dec. I; 1960, $2,000 June and
$1,500 Dec; 1, 1961, $2,000 June
and Dec. 1, 1962, $2,000 June and
and Dec.
" '
An
Ohio
$1,500 Dec. 1,
DAKOTA
Election
Bond
(P. O. Seven Mile),
,
amounting to $500,-
These bonds were author¬
ized at the election held on Feb. 19.
000.
5,972,000
District
000 in 1962, $7,000 in 1963, $8,000
in
Fairfield Township Local School
at
its office in Raleigh, until April 9
for the purchase of water and
Monday, April 1, 194$
trict
Clerk,
Ohio
Esch, Dis¬
ion will be furnished to the
chasers
the
at
pur¬
expense
of
The
cost
I
April 2.
Claremore, Okta.
'
" J
pond Safe Details«-The follow- f
printing said bonds: shall be borne'
ing bonds amounting to $363,000 «
by the purchasers thereof.
En-:
and awarded, on March 18 to the
close a certified check for 1% of
|
City National Bank & Trust Co., |
the bonds payable to the Board
of Kansas;City-W. :l63^
of Education.
,:;
.
wete sold as IV4S, at a price of
Thompson
Township Local Sch, par:
■ /. I
Dist. (P. O. R. No. 3,
$248,500 water works extension
.Bellevue), Ohio
and improvement bonds. Due |
School
District.
of
.
.
,
receive sealed
Bond Sale—An issue of build¬
bids until 8 p.m. (EST) on April
ing
and
equipment
bonds
15 for the purchase of 2% build¬
amounting to $125,000 and offered
ing unlimited coupon ^ b a nd s for sale on March 22—v.
163, p.
amounting
to
$720,000.
Dated 1491—was; awarded
to
Fahey;
May 1, 1946. Denomination $1,- Clark & Co., of Cleveland, as l^s,
000. Due^ $18>000 April,and Octi at a
price of 101.63, a basis of
1, 1947 to 1966. Bidders may bid about 1.11%* Dated
April;!, 1946.
for a different rate of interest in Denomination
$1,000. These bonds
a multiple of Vi of 1%.
These are are due on Oct. 1, from 1947 to
the bonds authorized at the elec¬ 1969. Other
bidders, all for 1 % %
tion held on Feb. 26, 1946. Prin¬
bonds, were as follows: ->
>;
cipal and interest payable at the
4! Bidder
Premium
Board of Education: depository;
J. A. White & Company $1,689.00
The approving opinion of Squire,
Ryan, Sutherland &
Sanders & Dempsey, of Cleve¬
Company
1,615.00
land, will be furnished. Enclose a
Hayden, Miller &
:
certified check for $7,200, payable
Company
/ 1,591.91
to the District.
;
..
;...
Braun, Bosworth &
Pandora, Ohio::
Company ^1,482.00
Bond Sale^~The fire department Stranahan, Harris & :
:
bonds amounting to $20,000 and'
Company
1,479.00
will
on
the
,
from. 1949 to 1960.
50,000
,
extension ?
/
light
electric
and improvement bonds. Due
from 1949 to 1965.
:
|
64,500 sewerage disposal system
bonds. Due from 1949 to 1970.
■
Duncan School 'Diitrict, Okta.
,
Bond
Offering—Inez Clements,
Clerk of the Board of Education,
will receive sealed bid$ until 7:30
I
*
Aprif f fpr the purchase ^
of; junior r high
school
bonds\f
pit
|
I
f
f
Thes0
1949 to
1954, and $21,000 in 1955. Award
amounting ' to
$135,000.;
bonds are due $19,000 ixi
will be made to the bidder offer-
ing the lowest ratq qfinterest and '*
agreeing to pay par and accrued |
interest Enclose a certified check ;
of the amount bid.
for 2%
:
/
f
Lament, Okta*
41 .; ;
4
offered for sale on Match 23— Fox, Reusch & Company
1,417.00 > Bonds-V4ted;^; The- following;
a. e
Bond Offering — A. R. Furnas,
'■''Kv?;'M::
'r^!
V, 163,. p. 1338—wete awarded to
OHIO
*
Tuscarawas County (P. O. Phila- bonds amounting to $67,000 were 4
District Clerk, will receive sealed
the First National Bank, of Pan¬
^the^electioii
bids until noon on April 8 for the
:
delphia), Ohio
] .) faverhbl^%bted;
Alliance, Ohio
dora, as IV2S, at price of par. In¬
held on March 16*
f
;
Bond
Election—The following p ure base of .building bonds
yBond-Election ^ 'AA i^ue: ni
terest M-S.. Dated March 15, 1946.
sanitary sewer
system i
bonds amounting to $900,000 will amounting to $125,000, not ex¬
court house bonds amounting to $56,500
Denom. $1,500 and $1,400.. These
bonds,
"
J
be submitted *to the voters at the ceeding 4% interest.
Dated April bonds
are due. on Sept. 15,
1947 $60,000 will be submitted to the r10,500 water extension bonds.
' j
1, 1946. Denomination $1,000. Due
election to be held on May 7:
voters
at
the election held on
<
$1,000. These bonds
due. $1,000 in 1947 to 1953U,..
•
'
"
.
to
-
hospital
city
$600,000
April and $3,000 Oct. 1,
1947, and $3,000 April and Oct. 1,
improve- $2,000
mient .bonds.
150,000 sanitary sewer bonds.-;
150,000 Underpass,, construction
bonds.
*
/
-
-
1948 to 1967.
are
multiples of % of 1%. These
the bonds > authorized * at - the
Nov, 6, 1945,
Ashland City Sch.Dist.,Ohio
Award to be made to the highest
Bond Offering — Jane Meuser, bidder at
8:30 p.m., at the office
Clerk of the Board of Education, of
the Board of Educations rtlie
will receive sealed bids until 1
Greensburg High School Building,
*p.m. on April 17 for the purchase;
Greensburg, at not less than par
of 2% unlimited tax library con¬
and accrued interest.
Enclose a
struction coupon bonds amounting certified
check for $1,250, payable
to $125,000.
Dated April 1, 1946. to the District.
Denomination $1,000. Due Oct., 1,
as
follows: $5,000: in 1947, - and Jefferson County (P. 0, Steuben$6,000 in 1948 to 1967; -Bidders
Bond ElectionAn issue of
may bid for a different rate of
interest in a multiple of % of 1%. court house bonds amounting to
These are the bonds authorized at $600,000 will be submitted to the
the November election in 1944. voters at the primary election to
Principal and interest payable at be held on May 7.
general election
on
Bond
approving
-opinion
of Squire,
Dempsey, of Cleve*
land, will be furnished the pur¬
Sanders
chaser.
&
No bids for less than par
interest;
Enclose a
and? accrued
certified check for
$1,250, payable
to the Board of Education.
"
Crosby Township Sch. Dist. (P. O.
Harrison), Ohio
Bond Election—An issue of
con¬
bonds
amounting
to
$94,000 will be submitted to the
struction
voters at
on
■
•
a
multiple of V* of 1 % interest.
Enclose
a
certified check for
$200.
Mciple Heights City School
I
.
on
noon
of
3%
April 8 for the purchase
school
building
bonds
for
a
a
different rate of interest in
multiple of 14 of 1%.
certified
check
for
Enclose a
10%
the
of
bid, payable to the Board of Edu¬
""
cation.
■/
■
Pioneer, Ohio
Bond
Offering—L. L. Doolittle,
Village Clerk, will receive sealed
bids until noon on April 9 for the
purchase of water works mort¬
gage revenue bonds amounting to
$86,000. - Dated- May
1/ 18f48<
and
Bond
District, Ohio
Offering—F.
J.
$3,000 Nov. 1, 1967 to/ 1970.
Bidders to
No
name
bids of
the rate inter¬
or
for less than
par. Principal and interest pay¬
able at the legal depositary of the
;
Bond
Dist.
(P. O:
Kensington), Ohio
Offering
H.
Bond:
..
of construction, site purchase and
>
C.
Dorr,
Clerk of the Board of Education,
—
District, Okla* j /
::Eiectioia;::.llel^to*issne/f
Moore School
\
United Local Sch.
amounting to $107,000. Dated April
I, 1946. Denomination $1,000. Due
$2,000' April and Oct. 1, 1947 to
1961, $2,000 April and $3,000 Oct.
1, 1962 to 1970, and $1,000 April
and Oct. 1, 1971. Bidders may bid
est.
will receive sealed bids until
noon,
April 6 for the purchase of
building
bonds
amounting- to
$206,995, not exceeding 4% inter¬
est.
Dated Dec. 1, 1946.
These
bonds are due: $5,995 June and
$4,000 Dec. 1, 1947, $5,000 June
and $4,000 Dec.
1, 1948, $4,000
June and Dec. 1, 1949, $5,000 June
and $4,000 Dec. % 1950 and 1951,
$4,000 June and Dec. 1,1952, $5,000
June
and
$4,000 Dec.- 1,
1953
and
1954,
$4,000
June >and
Dec. 1, 1955, $5,000 June and $4,000 Dec. 1, 1956 and 1957, $4,000
June.and Dec. 1, 1958, $5,000 June
and $4,000 Dec. I, 1959 and 1960,
$4,000' June and Dec. L 1961,
$5,000 June and $4,000 Dec. 1,
1962 and 1963/ $4,000 June 'and;
Dec. 1, 1964, $5,000.June and-$4,000 Dec. 1, 1965 and 1966, $4,000
June and Dec. 1, 1967, $5,000 June
and $4,000 Dec. 1,1968, $4,000 June
^nd Dec.;l, 1969,; and $4,000'June|
and $3,000 Dec. 1, 1970.
Rate of
interest to be in multiples of M "of
1%.
No bids for less -than -par•
on
equipment bonds amounting to
$110,000 was : submitted- to the
voters at the
election held on
.
March 26.
Okeene, Okta.
-
.
Bond Sale—The
following bonds
amounting to $115,000 and offered
for sale
ed
on
the
to
a certified check
of the amount bid, pay¬
able to the Village Clerk.
Enclose
award- J
Co., of f
-
$100,000 hospital bonds
,
•
at a net H
interest cost of 1.70%.
Due i
$5,000 in 1949*101968/
]
15,000 airport-bonds at a net in- |
terest cost of • 1.49%;
Due
"V
$1,000 in 1949 to 1963.
bidder was the
State*Guarhrity Bqnk; Okeenfe. r
The next highest
Oklahoma
(State
of)
/"Debt* Limitation Ruiing, Clarl*:
fied—So-called
separate
school
subject to the 5% '
debt Slimitationr imposed/by: the/
bond issues are
constitution
on
counties
and
school districts, Muskogee County
Attorney Chester NoFman pointed;
out recently, thereby correcting a
misinterpretation
read; 4nto
a
and accrued interest.
Enclose a ruling issued on the subject under
date of Feb. 28 by the State At¬
certified check for $10,000, pay-;
torney General.
In a letter ad-*
able to the Board of Education.,
dressed to county commissioners,
Mr. Norman stated that the At¬
Washington, Ohio
/ Bond Election—Adissub pf fire torney General was "very much
,
Reeding,
.
Ohio
000 will be submitted to the vot¬
ers
at the election to be held on
May-7.
Bond Election —The following
27,000 flood control bohd£
Bond
•
fi..
OKLAHOMA
bonds amounting to $127,000 will
be submitted to the voters- at the
primary election to be held: oh
May 7:$100,000 incinerator- bonds.
.*
Canton, Okla* ■
—
The fire
Sale
placed
the interpretation
the opinion issued
of Blaine County of¬
at
upon
the request
ficials^ The latter had inquired
if a school district which is al¬
ready bonded up- tu the 5% limit
could participate in
a
county-*
.
wide
station
bond. issue. v.The
General
Attorney
rules- that the "debts
of
bonds: amounting the; -varfous v districts within, a
to $16,000 and offered for sale on county - would not/ b® -considered
:M5rch::25 were awarded to the in^^ determining ^whether/ or - hot
and- equipment
;
were
March 26
Wichita:
.
supply bonds amounting to $33,-
j
;
Small-Milburn
•
for 3%
Jf
"
>
Vasek, Village.. The approving opinion of
Peck, Shaffer & Williams, of Cin¬
cinnati, will be furnished the pur¬
department equipment and water surprised"
chaser.
Clerk of the Board of Education,
Cuyahoga County (P. O. Cleveland), Ohio
?
; : will receive sealed bids until noon
Bond Election —The following on April 26 for the-purchase of
bonds amounting to
$14,055,000 XV%% building bonds amounting
will be submitted to the voters at to $150,000.
Dated May 1, 1946. Denomina¬
the primary election to be held on
tion $1,000. Due Nov. I, as fol¬
May 7:
$4,900,000 tuberculosis sanitarium lows: $7,000 in 1947; $8,000 in
bonds.
1948, $7,000 in 1949, $8,000 in 1950,
$7,000 in 1951, $8,000 in 1952, $7,5,000,000 hospital bonds.
3,250,000
administration
build¬ 000 in 1953,. $8,000' in 1954, $7,000
in 1955, $8,000 in 1956. $7,000 in
ing bonds. ' V :
- v ;
395.000 morgue bonds.;
1957, $8,000 in 1958, $7,000 in 1959,
510,000 airport land bonds. V j
$8,000 in 1960, $7,000 in 1961, $8,,
May 7.
Offering—Hugh F. Smith,,
Leetonia, Ohio
Offering—J. A. McCue,
Villiage Clerk, will receive sealed
bids until noon on April 23 for
the purchase of 6% fire apparatus
Denom. * $I^O00;;These; bonds <are
bonds amounting to $10,000. Dated
due $1,000 on May and Nov. 1,
March 1, 1946.
Denom. $1,000.
These bonds are due $1,000 Sept. 1948, $1,000 May and $2,000 Nov
1, 1947 to 1956. Bidders may bid 1, 1949 to 1956, $2,000 May and
Nov. 1, 1957 to 1966, $2,000 May
for a different rate of interest in
Bond
the election to be held
.-May-7-.-';/;■
-
Clerk of the Board of Education,
will
receive
sealed
bids
until
•
the Farmers Bank of Ashland. The
V::
Peebles School District, Ohio
Rate of interest to
be in
1960, i
.
THE COMMERCIAL &
Volume 163, Number 4477
1779
FINANCIAL CHRONICLE
fered
26—v.
1, 1947 to 1966. , Voted Dec.
awarded to
28, 1943. i- ::
^
.were
within, the -county's , debt
John Nuveen & Co., of Chicago,
275,000 Park Improvement, Series
Schmidt, Poole & Co.,
1955, and $1,600 in 1956.
limit.
News ' ycports , emanating,
and Jack M. Bass & Co., of Nash;:a? No. 212 bonds.
Due April 1,
jointly,
The next highest bidder was C.
from Oklahoma erroneously in¬
,r: as follows: $14,000 in 1947 to
For $210,000 Is—-^—100.479 vilte; joihtiy, at a price of 100.044;
terpreted the. opinion as holding Edgar Honnold, for 1.30s.
a net interest cost Of 1.2136%,
1949, $13,000 in 1950, $14,000
E. H. Rollins & Sons,
as
that; such county-wide bond is¬
for
7 in, 1951
to 1953;• $13,000 in
•
For $210,000; Is .——.100.448 follows:
$76,000
maturing
OREGON
sues
are
exempt from the debt
S<V
1
June 1, $15,000 in 1948 to 1951,
•;,1954, $14,000 in 1955 to 1957,
W. H. Newbold's Son & ;
limit. In his letter, Mr. Norman Deschutes County Bend ScA. Dist.
:
$13,000 in 1958, $14,600 in
$16,000 in 1952 as lV2s, : $81,000
Co., and
/
•Wrote as follows:
1959 to 1961, $13,000 in 1962,
(P. O. Bind), Ore.
maturing June 1, $16,000 in 1953
Bioren & Co., jointly,
5
Bond Election Blanned—An is¬
"The question asked the Attor¬
to 1956; $17,000 in 1957 as Is, and
$14,000 in 1963 to 1965, and
For $135,000, Is, and
ney General was whether a sep -! sue of construction bonds amount-;
$13,000 in 1966.
Voted Dec.
'
$75,000, %s —
——100.06 $143,000 maturing June 1, $17,000
arate school bond issue would not Ing to $300,000 will be submitted
in 1958 to 1960, $18,000 in 1961 to
15, 1927.
Ci C. Collings 3c Co., and
evade the constitutional provision to the Voters at the election to be
200,000 Public Market Construc¬
1963, and $19,000 in 1964 and 1965,
Graham, Parsons & Co.,
tion Series No. 213 bonds. Due
limiting municipal indebtedness held in the near future. "
as IV4S. Interest J-D. Dated Dec.
jointly,
V ' /
AV.' si':'- ' ,:
to 5% of. the assessed valuation in
$10,000 April 1, 1947 to 1966.
For $210,000/ Is
1, 1945. Denom. $1,000. The next
;
100.29
Newberg, Ore.
Voted Dec. 8, 1945.
those school' districts of a county
■
1 highest bidder was the Equitable
Bond Offering — The City Re¬ Stroud & Co., and
which
themselves
had
voted
260,000 Fire Station and Signal
Securities Corp., and Stranahan,
corder will. receive sealed bids Newburger & Hano,
System, Series No. 214 bonds.
bonds to the full 5% limit
Harris
& Co.,
Inc., jointly, for
jointly,
until 7:30 p.m. on April 1 for the
"The
For $210,000, Is
opinion held that this purchase of the following bonds
100.277 $76,000 IV2S, $191,000 1V4S, and ^ Due $13,000 April 1, 1947 to
1 1966. Voted Dec. 8, 1945.
would hot violate the constitu¬ amounting to $200,000, not ex¬ Halsey, Stuart & Co.,
$33,000 Is, at a price of 100.01, a
60,000
City
Hall
Remodeling,
tional
For $210,000, Is ..->--..100.178 net interest cost of 1.2476%.
provision * although
the ceeding 5% interest;
Seties* No; 215 bonds. ' Due
school district under these cir¬
Blair & Co., Inc.,
$ 90,000 sewer bonds. Due April 1,
$3,000 April 1, 1947 to 1966.
TEXAS
cumstances would have to make
For $210,000, Is ——100.038
as follows:
$4,000 in 1947+0
Voted Dec. 8, 1945.
a levy to pay off its own bonds
Alamo Heights, Texas
1955, $5,000 in 1956 to 1962,
Sharon, Pa.
240,000 Public Auditorium, Series
and also have to pay its pro rata
Bonds Purchased—An issue of
No. 216 bonds.
Due $12,000
Bond
$6,000 in 1963 and 1964, ana
Offering — Florence M.
share of the county issue for sep¬
bonds amounting to $200,000 was
$7,000 in 1965, optional April Landsdowne, City Clerk, will re¬
$12,000 April 1, 1947 to 1966.
arate schools.
purchased recently by Dittmar &
Voted Dec. 8, 1945.,
ceive bids until 2 p.m. on April
1,1956.
"The Attorney General simply
Co., of Sah Antonio. These bonds
60,000 Live Stock and Agricul¬
110,000 Water bonds. Due April 1, 9 for the purchase of city coupon
ate described as follows:
V
held that each- unit of municipal
tural Coliseum, Series No. 217
as follows:
$5,000 in 1947 to bonds amounting to $67,000, not
government,was entitled to issue
bonds.
Due $3,000 April 1,
2%
interest.
Dated $11,000 2 V4 % sanitary sewer sys 1954, $6,000 in 1955 to 1962, exceeding
tern bonds.
bonds for/authorized purposes to
1947 to 1966.
Voted Dec. 8,
$7,000 in 1963 and 1964, and May 1, 1946. Denomination $1,the full constitutional limit of 5 %
189,000 2Y4% and 2%% street
1945.
$8,000 in 1965, optional April 000. Due May 1, as follows: $7,of' assessed valuation as applied
improvement bonds.
160,000 Municipal Garage and
:•> ; l 1956.
r 000 in 1948 to 1952, and $8,000 in
The above bonds were author¬
to that unit, and the fact that in
Auto Test Stations, Series No.
1953 to 1956.
Principal and in4
Dated April 1, 1946.
Denom
ized at the election held on Dec.
Some instances this would cause
218 bonds.
Due $8,000 April
terest payable without deduction
additional taxation in a <«chbp| $1,000. Principal and interest pay?
1, 1947 to 1966. Voted Dec. 8,
from any taxes; except gift, sue* 18, 1945.
district that
itself had already able at the City Treasurer's of¬
1945
cession
or
inheritance
taxes,
Brenham, Texas
fice. The approving opinion of
voted bonds to its maximum lim¬
200*000 Public School Improvelevied pursuant to the laws of
Bond Sale Details-r-The $350,Teal. Winfree, McCulloch, Shulef
ment Series > No. 219 bonds.
it,, would" not affect the validity
3c Kelley, of Portland, will b£ Pennsylvania. Registerable as to 000 paving bonds awarded ori
of the county bond issue, pro-*
Due $10,000 April 1, 1947 to
only.
The successful March 18 to a syndicate headed
furnished the purchaser. Bidders principal
vided the county itself remained
1966.
Voted April 6, 1936.
receive
without by Rauscher, Pierce & Co., of
will be required to submit Calcu¬ bidder • will
within the constitutional limit."
Dated A^ril l, 1946. Denomina¬
163,
p.
1627—were
lations accompanying their bids charge the opinion of Burgwin, Dallas—v.
7 Interpretations
of the ruling,
Bidder to name the
Scully & Churchill, of Pittsburgh, sold at a price of 100.003, a iiet tion $1,000,
Mr. Wheeler said, gave the im^ showing the net cost to the City
that the bonds are valid general interest cost of 1.48%, as follows: rate of interest that will justify a
ujnder each bid, after allowing for
; pression that separata school bond
hid of par; br approximately^par, - ?
the interest rate, any premiums obligations of the City payable for $233,000 maturing $10,000 ih
Issues were outside the 5% lim*
ad
valorem
taxes
levied 1947 to 1956, $12,000 in 1957 to expressed in hundredths of 1 %,
offered any items of cost to be from
itation;s < *•
.
but split rates will not be con¬
charged to the City and any other upon all the taxable property 1966, $13,000 in 1967 as l%s, and
sidered.
It is desirable, but not
7 The
opinion pf the Attorney matters
within
the
limitations $117,000
maturing
$13,000
in
affecting the comparative therein
a requirement, that all issues carry
general on which earlier piesS value of each bid to the City. All prescribed by law. Enclose A 1968 to 1976 as l^s. Other bid¬
the same rate.
stories were based was rendered
Principal and in¬
bids must be for not less than 98% certified check for $1,340, payable ders were as. follows:
to Miss Anna Armstrong, county
Price terest (A. 3c O.) payable at the
of the par value of the bonds. to the City.
Chase National Bank,-New York.
attorney of "Blaine County:
In it
Bidder
Bid
Enclose a certified check for 2%
PUERTO RICO
All
bonds
will be
ithe Attorney General, citing Sec¬
payable to
Crummer & Co., and
of the bonds offered.- Q
tion 26, Article 10 of
bearer with the option of registra¬
the Oklaf
Russ & Co., jointly,
'
•
^JPuetjto RicO (Government of)
homa Cpnstituiipnr sa|d:
tion as to principal only.
"All or
PENNSYLVANIA
Fbr $ 160;000; 2sr and
Water Resources Bonds" Offered
none" bids are permissible. These
"Under. the above rect'on of
—A group composed of Goldman,
$190,000, IV2S ——>—100.003
Beaver Falls School District, Pa.
bonds are supported by an ad.
the Constitution the county has
Sterii Bros. & Co.,
Bond
Election —An
issue
of Sachs & Co5; Smhh; Barney & Co.,
valorem tax on all taxable prop¬
a debt limit of 5% of its assessed
R. J. Edwards, Inc., and
construction bonds amounting to McDonald 3c Co., and Field, Rich¬
erty within the City limits. These
^Valuation., Likewise, each school
ards & Co., is making public of¬ Robert Mclntyre Co.,
$300,000 will be submitted to the
bonds carry no option to call prior
district has a debt limit Of 5% ol
jointly,
fering of a block of $1,775,000
voters at the election to be held
to maturity.
It is believed that
its
assessed
valuation.
It has
For $172,000, 2s, and
Puerto Rico Water Resources Au¬
on May 21.
./•
7:7
these bonds will be ready for de¬
never: been
the
administrative
$178,000, IV2S
100.03
thority electric revenue
1.90%
livery, to
the purchaser about
construction of this section of the
Monessen,
bonds, at a price of 102, or a yield James, Stayart 3c Davis;
April 26, 1946. Th6 Liberty State
Bond Ordinance Introduced — of 1.80% to July 1, 1947, the first Dallas Union Trust Co.,
Constitution that there was only
Bank, of Dallas; will certify as to
one debt limit of 5 %V and that the An
ordinance, calling
for
the call date.
The bonds are due on
Dallas; arid
the genuineness of the signatures
combined debt of the school dis¬ Submission to the voters at the 4am 1 and July 1 from 1949 to McCluhg & Knickerbocker,
of the officials signing the bonds
tricts of the cdunty and the debt primary election to be held on 1971 inclusive.
Both the bonds
jointly,
and also as to* the City seal im¬
of- the county should not exceed May 21, street, sewer, playground
For $124,000, IV2S, and
and the income therefrom, in the
pressed thereon.
The' City will
5% of the assessed valuation of end improvement s
$126,000, 13/4S 100.003 furnish at its expense lithographed
opinion of counsel, are exempt
the county."
ing to $200,000, was introduced fr6m Federal income and State First of Texas Corp.,
bonds with the • proper • interest
San Antonio,
The bonds are subject
That section of the Constitu¬ in the City Council on March 13. taxation.
coupons, and will also supply the
For $350,000, 13/4S'—
100.13
tion reads in part as follows:
to redemption prior to their re¬
Northumberland County (P. 0.1
approving opinion of the Attor¬
"No county, city, town, townspective maturities, upon 30 days' Moroney/Beissner 3c Co.,
ney-General of the State arid the
Suhbuty), Pa.
R. N. Eddleman & Co.,
shi p, school district, or other po¬
approving opinion Of Chapman £c
Bond Sale-Tfhe funding gen¬ notice; either in whole on any
litical corporation, or subdivision
date or after July 1, 1947, or in Dittmar & Co.,
Cutler, of .Chicago, all legal opineral obligation bonds amounting
Louis Pauls 3c Co.,
of the State, shall be allowed +o
ions to be paid for by the City.
part, by lot, in inverse order of
to $210,000 and offered for sale
and ;
become indebted in any manner,
their maturities from moneys in
The City Council states that the
on
March 25—v. 163, p. 1491~or for any purpose, to an amount
the Sinking Fund on any. interest Rawls & Co., jointlyjx
City will sell no additional bonds
were, awarded toHarriman Rip¬
For $350,000, l%s
within the next 90 days.
exceeding, in any year, the in¬ ley & Co., Inc., and the Peoples- payment date on or after July 1,
In a
(non-callable)
100.12
come
and revenue provided for
letter dated July 5,1940, and writ¬
1949, at the following prices; plus
Pittsburgh Trust Co., ; of Pitts¬
For $350,000, 1%S
such year, without the assent of
accrued interest: 101 on or prior
ten for the/State Board of Educa¬
burgh, jointly, as Is, at a price of
; three-fifths of the voters thereof,
(callable)
100.06 tion by their bond counsel, Gayrior
to Jan. 1, 1965, and 100 thereafter.
100.9059, a basis of about 0.83%.
Brenham Clearings House
voting at an election, to be held Dated March 1. 1946. These bonds
Kendall, the statement is made
SOUTH OAKOTA
Association,
for that purpose, nor in cases re¬ are due on March
that City obligations receive* auto?
1, as follows:
For $100,000, lV4s,
matic waiver of the option to pur¬
quiring such assent, shall any, in¬
Huron, S. D.
$25,000 in 1948 to 1953, and $20,debtedness be allowed to be in¬
chase for the Permanent School
$120,000, iy2s, and
000 in 1954 to 1956.. Other bid?
Bond Election — The following
Fund rif/the St^itri.
curred to an amount " including
Enclose a cer¬
$130,000, 2s (callable)—100.00
ders were as (follbws:
bonds amounting to $587,000 Will
tified check of- 2% of the face
existing indebtedness/ in the ag¬
Price be submitted to the voters at the
Callahan County (P. O. Baird), *
gregate exceeding five per cen¬
valqe of the bonds bid for, pay¬
Texas
Bidder
Bid
election' to be held on April 16:
able to the City. The City Charter
tum of the valuation. of the tax¬
Bond Isstte Approved—An issue
Sheridan, Bogan Co., and
$390,000 water softening plant
able
requires that the opened bids shall
property
therein,
to
be Buckley Bros., jointly,
of 3%% road and bridge refund¬
bonds.
the county separate
school bpnds
13,600 fire station and equipment
bonds. Due $2,000 in 1950 to
First Boston Corp,,
:
for
163; p.
and
sale
March
on
1626---Were
,
.
'
'
'
'
,
o
'.
-
"•
/
•
.
■
'
-*
,
*
.
;
<
„
.
■
,
*
,
—
'
ascertained
ment
from the
last
assess¬
for State and county pur¬
For $210,000, >90s
.——100462
Hemphill,5 NOyes 3c Co.,
poses previous to the incurring of
For $210,000, Is .......-100.629
such indebtedness:.. .
A. Webster Dougherty &
■Rush Springy Okla.
Co., and
'
;
Bond Sale—rThe following bonds Phillips, SchmerU & Co.,
jointly,
*
amounting to. $20,000 and offered
For $210,000. Is
—100.595
for sale on March 26 were award¬
Singer, Deane & Scribner,
ed to the First National Bank, cf
Rush Springs, and the First Na¬ Dolphin & Co., and
tional Bank, of Chickasha, jointly, Glover & MacGregor,
jointly,
as l*4s:>
133,540 storm sewers bonds.
ing; series of 1945 bonds, amount¬
43,000 south side sanitary sewer
ing to $19,000 has ben approved
by the Attorney-General.
bonds.
20,500 north side sewer
bonds.
Dallas, Texas
Bond Offering —^ Earl
t
$ 2,800
street
equipment
Due $500 in
bonds.
1950 to 1954, and
v:;'
to
$1,200,000
will be submitted to the voters
at the election to be held on
,
repair bonds. Due
$500 in 1949 to 1951, and $300
-'--r: in 1952.^'-'''>••>■■•>'■' 7'r 77:■?
$300,000 Sanitary Sewer and Sew¬
age Disposal Plant, Series No.
209 bonds.
Due $15,000 April
1, 194? to 1966.
Voted April
1, 1930.
300,000 Storm Sewer- Improve¬
$400,000 park bonds.
street
improvement
bonds.
ment; Series
;
.".and
:
Joseph Lincoln Ray,
J
"
^Sunbury, jointly,
$210,000, Is
y
Bond
tric
-100.565
purchase of the following
amounting to $2,295,000:
bonds
400,000 water system bonds.
200,000 sewer age system bonds;
Moore, Leonard 3c Lynch,
For
the
.
-" Due
Lextngiohi :Tenhi^[^
Sale—^The series B.
: system • revenue
amounting to $300,000
bonds
of¬
and
1966.
elec¬
No.
210
bonds.
.
an
Eastland
Voted
D^c. 28, 19431
211 bonds.! Due $12,000
April
Free
School Incorpora¬
tion, Texas
Tenders Wanted—C. A.
Secretary,
will
receive
Hertig, '
sealed
tenders of less than par and ac¬
crued interest from holders of ire-
funding bonds, series Aug. 1, 1941,
until 5 p.m. on April 10. The Dis¬
trict will consider the lowest ten¬
made, and will reserve the
right to reject all offers and readvertise for tenders.
ders
$15,660 April i, 1947 to
240,000 Street Paving, Series No.
.1
award, after which period
deposit checks of the unsuc¬
cessful bidders will be"returned
ing
the
promptly,
GofortK,.
City Secretary, will receive sealed
bids until 1:45 p.m. on April 3 for
March 28:
.
sewer
amounting
bonds
200,000
Fausetf Steele & Co.,
Butcher & Sherrerd,
1,800 water works repair bonds.
Due $500 in 1949 to 1951, and
$300 in 1952.
:
£
1,800
Tenn.
B«nd Election — The following
Jackson,
:
$20.0. in 1955.
;
100.26
Fpr,$210,000, Dyss
TENNESSEE
be held for 48 hours before mak¬
Electra, Texas
Tenders Wanted—City
sioners
sealed
-
Commis¬
receive on Aoril .8
tenders of refunding bonds.
will
THE COMMERCIAL & FINANCIAL CHRONICLE
Bonds
1, 1967, with intent of purchasing
so many of such bonds as may be
tendered at the lowest prices of¬
District, Texas
Voted—An issue
'
.
Bonds
Indep. Sch. Dist., Texas
Bonds Purchased — An issue of
of im¬
2%% 'series
and
Hidalgo and Cameron Counties
Water Control and Improve¬
was
of
Bonds Purchased
in
in
in
$48,000 in 1948, $50,000
$51,000 in 1950, $53,000
$54,000 in 1952> $56,000
$58,000 in 1954, $59,000
$61,000 in 1956, $63,000
Jan. 1.
<1949,
1951,
1953,
1955,
•1957,
1959,
1961,
1963,
in
1946
to
optional in
1960,
'
•
Independent School
10
1, 1956,
.
Texas
District,
,
1
bonds of
1946, amounting to $100,-
purchased recently by
000, were
the
Trust
Union
Dallas
of
Co.,
and
1%%
.
Bonds Purchased—School house
Dallas, at a price of par, as fol¬
lows: $40,000 maturing Feb.
15,
$1,000 in
1947, $9,000 in 1948,
•
school
2%%
Jan.
1,
1946.
Denom.
any
on
interest
pay¬
ment; date
thereafter
upon
pay¬
ment
date
thereafter
upon
pay¬
ment
of
the
value thereof
plus accrued interest to the date
fixed for redemption, and a pre¬
mium
as
par
follows:
1956
5%
......
; 1963-w
"to
be is¬
The
in conformity with
Section
3090, Code of Virginia,
covenants
and
agrees
with the
purchaser and subsequent owners
holders
and
successors
entire
—4%
-
—3%
2Vz%
i
——2%
1%%
-
the
bonds,
their
assigns, during the
the issue, that all
derived by it from the
City's operation and ownership of
the water works plant or systeih
will be segregated and kept segre¬
gated from other City funds, and
covenants and agrees that it will
maintain
fix * and
water
rates
be
to
at a
level that will produce sufficient
charged
consumers
the
under
"b"
clause
requirements
Section
of
Constitution
127
\Vi%
received
revenues
redeemed later
than
1965, no premium will be
paid. Moreover, the amount of
premium payable in connection
with the redemption of any bond
water
said
from
works system and
for
available
actually
payment *of
the
principal of arid interest on said
bonds, are not sufficient for that
purpose, there shall be levied on
shall not exceed the amount of all taxable property in the City,
interest thereon to the maturity in each year while said bonds, or
date of the bond called for re¬ any of them, are outstanding and
demption. In the event that less unpaid, an ad valorem tax in such
than all of the bonds outstanding amount which, together with the
amounting i to $125,000 was pur¬
chased
recently
by'' Chas.
B.
White & Co., of Houston. Dated
Dec. 15, 1945. Issued for the pur¬
pose
of construction, repair or
equipment of public free school
buildings. Legality approved by
McCall, Parkhurst & Crowe, of
are
called for redemption/ the amount of net revenues available
$15,000 in 1949 and 1950, as iy2S,
Dallas.
same* shall be redeemed in the in- for the puropse shall be sufficient
and $60,000 maturing $15,000 Feb.
veise
order of their numbers. to pay the principal of and interest
15, 1951 to 1954, as 13/4S.
Interest
Winkler County (P. O. Kermit),
Enclose a certi¬
F-A.
Dated Feb. 15, 1946.
Said bonds will bear interest at on said bonds.
Bonds
; //
/ ;v;'. fied check for 2% of the bonds
maturing Feb. 15,1952 to 1954, are
Bonds Voted—An issue of hos¬ a rate or rates (not exceeding 2
optional on Feb. 15, 1951. Legality pital bonds amounting to $375,000 rates) expressed in a multiple ot payable to the City/ - '
approved by W, P. Dumas, of was favorably voted at the elec¬ one-fourth or one-tenth of 1%, as
washington
Dallas.
•y y tion held on March! 16.
specified by the successful bidder.
Interest to be payable semi-an¬
Chelan County Entiat Sch. Dist.
V
Laredo, Texas
Yoakum County (P. O. Plains),
(P. O. Wenatchee), Wash.
nually J an. 1 and July 1.
Both
Bonds Approved—An issue of
y:yyyyy~':y/y Texas
principal and interest are pay¬
Bonds Voted—An issue of con¬
3%
and
5%
international > toll
■
■
Bonds
bridge acquirement revenue bonds
amounting to $695,000 wasap¬
proved on February 27 by the At¬
torney
General. >5
These
bonds
were favorably voted at the elec¬
tion held on January 8.
,
i
<
j
'
1 '
1
1
.'".'v/'"/
i,'\ty'
'
Marlin, Texas
/ V/Bond Issue ;Approved—An is¬
sue
of
2y4%
refunding
bonds
amounting to $132,000 was ap¬
proved on February 27 by the
,
Attorney-General.
,
Defeated
—
The
follow¬
able
ing bonds amounting to $600,000
election held
f ©sited*
s
*
-'7
on
Jan.
'\ 'vt
5,
^
'
were
r / ^
at
Trust
and submitted to the voters at the
the
Peninsula
Bank
&
Co., Williamsburg, Va. The
bonds will be awarded to the low¬
de-
est
\J"
;
responsible y bidder
basis
$425,000 road bonds.
275,000 court house bonds.
to
of
the
the
lowest
City, but
no
on
the
interest
cost
bid
will
be
less than par. In
determining the best bid, the in¬
-y \:l
"
V u1
,r' 'J
H fy
terest cost to the City will be
Bristol, Va.
computed by determining the in¬
Other Bids—The $400,000 school
terest to maturity at the rate or
building and public improvement rates specified by the bidder and
bonds awarded on March 15 to
deducting therefrom any premium
\
•
000
Cowlitz
County
Dist. No. 122
K
,-;v
Washington
are
due in 30 years,
County Consolidated Sch.
Dist.
No.t 201 (P. O.
4
District
throp
Bond
Offering
—
The
11
a.m.
on
15 years, optional after 2
Principal and interest pay¬
able at the County
Treasurer's
office, /the fiscal agency of the
State in New York City, or at the
State Treasurer's office. Enclose a
check
certified
amount bid.
;
for
5%
'...-v.;/;/
Interest
,7.5,
of
the
called.^
District No. 4252, Nos.
25, 26 and,
27; District No. 4066, No. 233.
j
,
Spokane County Sch. Dists,
mmfpyt). Spokane), Wash. /;.■;• |
Bonds Approved—The follow-j
ing bonds amounting to $369,000
March 2:
on
|
bonds.
.
Valley
Central
124,000
i
School" District!
'
t
Mead
$200,000
/
ejection held;
approved at the
was
School
District bonds.
40,000 Rockford School District
bonds.
'
j.
f
5,000 Garden Springs School Dis*
/trict bonds.
>
.
r
,
WISCONSIN
i
t
Fennimoret Wis.
Bond Election
\
issue
Ah
—
bonds
building
community
ot
amounting to $35,000 will be sub¬
mitted
the
the voters at
to
tion to be held
April 2.
on
elec¬
;
'
'
/The City also expects to issue
in the near future, electric
reve-^
bonds.
nue
County (P. O. Lancaster),
wui-
Grant
Election
Bond
An
—
issue
of
highway bonds amounting to $2,618,000 will be submitted to the
spring election to be
April 2, in the following
voters at the
held
on
amounts:
$518,000 series D bonds.
2,100,000 series E bonds.'
Juneau County
j
;
.
(Pi O. Mauston)*,
Wisconsin
Bond Offering—John S. Henry,
County Clerk, will receive sealed
and oral bids until 2 p. m.
(EST)
April 11 for the purchase of
1V2% series G, highway improve¬
on
Dated April 1/ 1946.
Denom.
$1,000. Due $15,000 April 1, 1952
1961. Principal and
interest
payable at the County Treasurer's;
to
value of the bonds, payable to
County Treasurer.
Kimberty, Wis.
■
bonds
struction
amounting
$177,942 was favorably voted
the election held on March 2.
to
Bond
Call—H.
L.
Collier, City
Treasurer, has announced that the
issue
of
plant bonds
amounting to $65,000 will J9e sub¬
mitted to the voters at the election
La
April 2.
Farge, Wis.
% Bond Election—An issue of vil¬
lage hall bonds amounting to $15,000.
Will
-
Voters
at
be
the
submitted
election
to
held
the
on
/
M
Madison, Wis.
/•/'/'• /'!
April 2.
;
Bond
bonds
Election —The
amounting
to
following
$2,100,006
will be submitted to the voters at
the election to be held
on April 2:
$1,000,000 vocational school bonds,
1,000,000
street
improvement
•:
100,000 permanent improvement
bonds.
/•'•■;/ y/:/?,
W&yy
Laramie
Bond
Local
,
An
—
treatment
at
Improvement
Districts, Wash.
March 29,1946
Election
Bond
the
/
bonds. k
King County Kent School District
(P. O. Seattle), Wash.
Seattle
dates
on
ceases
Cash is also available to apply on;
the
following
matured
bondsr;
:>
Bonds Voted—An issue of con¬
,
*
Avenue,!
j
45th
South, bond No. 6.
due in
years.
New York 5, N. Y.-;
1
District No. 5499,
County
Treasurer will receive sealed bids
April 3 for the
purchase of school bonds amount¬
ing to $45,000, not exceeding 5%
interest. Dated April 10, 1946. De¬
nomination $500. These bonds are
'
S
22 to 24.
to be held on
Ccupeville), Wash.
until
30 Pine Street
,
Nos. 70
On March
water
Island
L. D. Sherman & Co.
64th
5413,
et al.,; bonds
to 79.'
Enclose a cer¬
bid.
Price $2 Per Share
No.
Secord, office. No bids for less than par
receive and accrued interest to date of
a.m. on April delivery.
The approving opinion'
13
for the purchase of school cou¬ of Chapman & Cutler, of Chicago,
pon bonds amounting to $200,000, will be furnished the purchaser
not exceeding 4% interest.
Dated without cost to him. Enclose a
May 1, 1946. Denomination $1,000. certified check for 2% of the par
Treasurer,
sealed bids until 10
tified check for 5% of the amount
Common Stock
District
Southwest,
will
County
Treasurer's office.
Corporation
,
000.
Longview Sch,
(P. O. Kelso),
optional after 5 years.
Principal
and interest payable at the County
Tri-United Plastics
,S
Bond Offering—Geo. -E.
These bonds
145,000 Shares
for.;
;..
at the ment bonds amounting to $150,-
favorably voted
was
election held recently.
considered for
virginia
.'
struction bonds amounting to $44,-
-
-
5462,{Fourth Ave¬
South, bond No. 10,
On March 23
* 'v
tion of the
City to incurr indebt¬
edness, and said revenues will be
applied to the extent necessary to
meet the payment of the princi¬
called
are
District; No.
nue,
of
of
bonds
On March 21
of
pal of and interest on said bonds
as they become due, and if said
1%
are
of
or
life
revenues
of
following
payment at his office:
City,
Virginia, to
prevent said bonds from being in¬
cluded in determining the limita¬
4V2 %
If the bonds
bonds
are
form without
privilege
of registration.
The
bonds will be printed at the ex¬
pense of the City. Delivery of the
bonds will be made to the suc¬
cessful bidder in Williamsburg, or
at such other place as may be re¬
quested by the successful bidder,
the cost of delivery at any place
other
than Williamsburg to be
paid by the bidder. The approv¬
ing opinion of Wood, Hoffman,
King & Dawson, of New York
City, will be furnished to the pur¬
chaser without charge.
—
the
1959-.,-——m%'
of
bonds
coupon
revenue
Premium
Redemption Date
.
Purchased—An issue
or
in
s
at, the option of the City on Jan.
highest bidder was the
Columbian
Securities
Corp.,
of
Bonds
on
1956, $20,000 in 1957 to 1961,
and $25,000 in 1962 to 1969.
The
bonds issue maturing on and after
Jan. 1, 1957, shall be redeemable
The next
i
noon
$1,000. These bonds are due on
1, as follows: $5,000 in 1947
turing in 1974, optional $109,000
Jan. 1, 1951 and 1954, bonds ma¬ Texas, Satt Antonio, as l%s, at a
turing in 1972 and 1973, optional price of 100.15.
Jan. 1, 1961, and bonds maturing
Vanderbilt Independent School
in 1971, optional Jan. 1,1966.
(■ District, Texas
Holiday
until
Jan.
to
the election held on Sept. 8, 1945.
,
Dated
000.
^1111
1973, and $218,000 in 1974, as 3y2s.
Dated Jan. 1, 1946.
Bonds ma¬
119956278045-—-—
bids
April 4 for the purchase of water
works bonds amounting to $350,-
in
Teague, Texas
in
Bond Sale—The street improve¬
$65,000 in 1958, $67,000 in ment
bonds amounting to $75,000
$69,000 in 1960, $71,000 in and offered for sale on March
$73,000 in 1962, $75,000 in 26—tv.
163, p.'1492—were awarded
$77,000 in 1964, as 3s, and
to Roe & Co., and the; First of
$1,039,000 maturing Jan. 1, $80,000
Texas Corp., both of San Antonio,
in 1965, $82,000 in 1966, $85,000 in
jointly, as l%s, at a price of
1967, $88,000 in 1968, $91,000 in
100.32. These bonds are part of
1969, $92,000 in 1970, $98,000 in
the $120,000 issue authorized at
1971, $101,000 in 1972, $104,000 in
.
sealed
ceive
ing to $3,000 was purchased re¬
cently by the Red River National
Bank, of Clarksville, at a price
of
103.333,
a
basis
of about
1.988%. These bonds are due $200
maturing
$1,050,000
follows:
as
Offerings-Virginia Blahchard, Clerk of Council, will re¬
2y2% construction bonds amount¬
refunding bonds amounting to $2,089,000 was purchased recently by
C. W. McNear & Co., of Chicago,
at a net interest cost of 3.1536%,
Va.
Williamsburg,
An issue of
—
& Co.,
Bond
Texas /
Texas
Purchased—An issue
F.
cost of 1.30%.
_
Edinburg),
Bonds
bid from C.
a
Peoples National Bank, Char¬
lottesville, jointly, for $80,000 3s,
and $320,000 iy4s, at a net interest
Red River County Community Sch.
Dist. No. 2 (P. O. Boxelder),
(P. O.
9
a
and
of
purchased recently
by C. R. Woolsey & Co., of Lub¬
bock. Dated Jan. 15, 1946. Legality
approved by W/ P; Dumas,« of
$150,000
Dallas
Dist. No.
New:York, jointly, at
Cassell & Co., Fox, Reusch
1946,
school house bonds amounting to
2y4%
$60,000 was favorably voted
election held on March 9.
ment
1
^
of
price of 100.07, a net interest cost
of 1.118333% for $100,000 as 23/4s,
and $300,000 as Is—v. 163, p. 1628
Muleshoe
.
amounting to
at the
bonds
provement
recently.
sued
The
offered.
both
Be Issued—The
to
—also received
School
Independent
Grapeland
held
inter¬
funds
fered, at less than par and
est, and as the then excess
on hand will permit,
Shields & Co, and Coffin & Burr,
Sch. Dist.,
Texas
$72,000 improvement bonds will be is¬
sued as' a result of the election
Indep.
Midway
1, 1936, maturing Dec.
dated Dec.
Wyoming ;
County (P. O. Cheyenne)f
Wyo.
Election
—
The
memorial
hospital bonds amounting to $600,000 will be submitted to the voters
at the
on
primary election to be held
July 16. ~
/ ' *
/
@FedFRASER