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APR 1 0 1944
MONDAY
ommetciaLan
■i
.
S. Tat. Office
Keg. U.
Volume
Number 4271
159
General
RAILROAD
Chief
Downs,
Engineer,
Frederick
H.
Advertising
have
E. A.
elected members of the board
been
Young,
Ravenscroft,
and
director
of
Manager,
has
production,
of
S.
This
has
program
Vice
been
drawn
by
their annual meeting.
separate
17
committees,
company's
000,000
before
and
taxes
depreciation.—
:
—
$96,979,096 $76,045,021
14,364,695 *13,902,358
70,365,714
Depreciation
Net
1942
1943
V
Calendar Years—
Profit
up
profit
46,899,241
$12,248,687»$15,244,022
$15.79
$19.78
——
Affiliated Fund, Inc.—To Redeem Debentures—
Earnings
All
'Adjusted figure.
Among the assets at the end of 1943 were $544,773 refundable por¬
tion of Canadian excess profits tax (excluded above), up $320,351 dur-
of
the
secured convertible debentures
due Jan. 1, 1949, and Jan. 1, 1950, have been called for redemption
on
May 1, 1944, at 100 and interest.
Payment will be made at the
office of the trustee, The First National Bank of Jersey City,
No. 1
Exchange Place, Jersey City, N. J.—V. 159, p. 1137.
Akron Canton &
i
■:
Gross
/ l
1944
ry.
From
from
Net
ry.
275,130
252,499
159,562
190,023
146,820
132,688
85,386
116,944
for
taxes
Federal
income
Fed.
excess
Boston
Cleveland
2,938,831
2,710,376
909,162!
1,455,070
1,216,672
I
4,427,350
4,469,881
$7,943,210
3,508,825
$607,697
other
Balance
-V.
$322,424
$395,169
$4,359,595
18^,082
189,082
2,268,986
$4,434,384
2,268,985
$206,087
$2,090,610
$2,165,398
Exchange
All
A'/f
of
the
on
of
holders
record
Authorized—
Corp.—Interest
have
authorized
Exchange—
Stock
April
22.—V.
158,
payable May
collateral
1950,
able
interest
of
2Vzr,*>
convertible 59b''-
trust
office of
at
J.
tne
P.
C.
(income)
bonds,
elected
been
Sales
The
at
the., charter
which
300,000
of
shares
will
to
meeting
special
a
authorize
stock
of
March
held
issuance
the
be preferred stock of $100
of
preferred
stock
Treasurer,
$100
par
six
value,
par
E.
W,
Banks
Reserve
preferred
of
shares
.
stockholders
stock
are
the
rate
stock
of
at
common
has
May
The
and
Y.
company
March 30 filed
on
Commission,
houses
the
as
Blyth
of
&
Guaranty Trust
Co. of New York has been
Inc.,
other
and
shares
to
bonds
Bank
National
First
N.
T.
S.
A.,
of
accepting subscriptions.
Francisco.
the
dividends,
mon
—V,
159, p.
.—1463
SEC
exceeding
on
March
$628,000
of
authorized
21
the
promissory notes,
company
consisting
to issue
of
10
at
par
notes
in
The
Bank
of
Judge J.
of
On
a
or
conditional-sale
agreement.
about
1944,
Jan.
purchase of the
15,
unpaid
the
•
solicited
bids
for
to
the
dividend
payment
as
in
1942.
Angeles—Tenders—
of Los
Trust
National
&
five
banks
and
not
the
the
balances to
trust
companies
in
Chicago
and
five
bids
in
Administration
/..
.
Peoria,
or
■
V
-
'
111., on March 30 granted
to file an amended
permission
Judge Adair March 3 on the grounds of
suit
insufficiency
sold 77,527 barrels and 173,813 cases
total of approximately $2,500,000 in excess
p. 1033.
alleged the company
ceiling
prices.—V.
159,
Association, co¬
will until the close
sale to it of income
1935, to an amount suf¬
not exceeding a price at
time in the open market.
the co-trustee not later
fund
exhaust
bonds
bonus
than
close of
the
The
<
with
usual
stock
$221,252,
of
sum
be
business
hands
the
in
on
May
1,
of
securities are for the bonds
be for the bonds only.—V. 158,
Tenders
attached.
should
.
American Airlines,
.
He was
B. M. operations.
and will direct
revenue
auditing, audits and investigations, files and records, and
the
bulletin and mailing rooms.
He will report directly to Vincent
J.
Long, Assistant Treasurer and Assistant Secretary.
Mr. Calliott
has been with the company since 1929,
E. F. Udeen replaces him in
Wilbert
Fred
Calliott
has
appointed
been
General Auditor.
1943
1942
1941
$132,693
$106,825
$118,400
$161,800
accrued—1
24,598
33,661
35,177
37,858
$157,291
or
$140,486
$153,577
$199,658
Total
his
former
treasury
position.—V.
159,
p.
1345.
were
American
Annuity
Savings
Association
on
Fed.
for
Net income
inc.
31
filed
with
4,943
10,000
25,101
'$121,8.02
*$105,822
*$135,934
$169,614
tax
;
regard to net loss on sales of securities in the
amount of $473,431 in 1944, $163,358 in 1943, and $192,429 in 1942
which was charged to "reserve for possible losses on sales of securi¬
ties."
The actual cost of the securities, identified by stock certificates
and bonds delivered against sales, was used to determine gains and
'Computed without
losses
securities sold.
on
Notes—(1) Dividends
(2)
the
to
paid on preferred stock totaled $73,410 in 1944.
providing for all known liabilities, the net assets applicable
outstanding securities of the company, based on market quota¬
After
as
March
of
31,
1944,
amounted to
$10,107,104,
equivalent to
the out¬
share, to
share of preferred stock and, after deducting
preferred stock at its liquidating value of $100 per
$14.71 per share of common stock.
$206.52
per
standing
Balance
Assets—Investment
$1,005,688;
crued
Sheet, March 31, 1944
securities,
at
cost,
$9,356,231;
cash
in
banks,
accrued interest, $22,834; total, $10,384,753.
Liabilities—Secured
—
Registers
taxes,
on.
June
894,000;
$615;
March
7,644
9,500
19,000
8,469
paid
ProV.
$79,344;
bank
loan,
payable June
1,
1944, $100,000;
accrued expense, $7,250; secured
ac¬
bank loan (in¬
and the balance of $1,600,000
1, 1946), $1,700,000;
preferred stock (48,940 shares). $4,common stock
(354,500 shares), $354,500; option warrants,
stalment of $100,000 payable June 1, 1945,
With SEC—
Company
6,164
9,100
17,920
incl. miscell. tax
or accrued—
Exps.,
tions
Inc.—Auditor Appointed—
1944
ill
dividends
ree'd
Int.
1944.
quotations for these
1630.
p.
1,
at
purchased at that
be
must
market
dated Feb.
bonds
the
may
Securities Co.—Earnings—
European
3 Mos. End. Mar. 31—Cash
Savings
formerly Section Head in Charge of Statistics and I.
Cailiott
will
now
supervise those departments
be due the American Locomotive
Co. under the conditional-sale agreement.
Invitations to bid, were sent
to
by
original complaint, which asked treble damages of $7,509,336
sales allegedly made in excess of OPA ceilings, was dis¬
by
.
applicant
Adair
Leroy
Price
whiskey and received a
Int.
America
sinking
mortgage
which
of
in
common
same
trustee, 660 South Spring St., Los Angeles, Calif.,
of business on April 18, 1944, receive bids for the
ficient
principal amount of $62,800 each, in evidence of, but not in payment
of, the unpaid portion of the cost of certain equipment purchased
under
controlled
whiskey
The
1345.
Ambassador Hotel Co.
■
be
Alton RR.—Trustee Notes—
The
will retain his various
companies
.v.;"
Mr.
!
numerous
suit against the above company.
OPA's
for
missed
bills.
During 1943 earned surplus increased by $3,539,876 to $48,434,464
after paymemnt of $493,411 preferred dividends and $7,444,100 com¬
agent to
Chicago, Chicago, 111., and Bank
Calif., will act as sug-agents
See also V. 159, p. 1345.
San
the
As
1345.
p.
Oflice
damage
and treasury
in¬
accept subscriptions for this preferred stock upon exercise of the war¬
rants.
The subscription privilege expires at 3 p. m. April 12. 1944.
America
159,
Federal
ing the year; gross plant of $331,428,171, up $56,628,386; cash of $17,142,971; and marketable securities of $13,370,703, principally Dominion
Accepted
appointed
ACF.
now
American
transfer, split and group subscription warrants for 4% cumulative con¬
vertible preferred stock of Allis-Chalmers Manufacturing Co. and to
The
—V.
.
preferred
in
He
company.
and
Secretary
offered.The
directorates
the
of
31,
Co.,
the
been
of
of
amendment with the Securities
an
naming
underwriters
has
and
charged with the direction and control of the policies,
and for some years past Senior Vice-President and in
charge of the company's operations, succeeds Mr. Hardy as President.
Stevenson,
—1463
Curb Exchange.
Stock and Bond Averages..
18.
Exchange
vestment
in Personnel-
is relinquishing part of his
made Chairman of the board,
Hardy
J.
American Distilling Co.—OPA Amends Suit—
Transactions N.
stockholders expire April 12.
All
publicly.
The new preferred is convertible into common at the rate
of $40
per share for common stock until June 5, 1954 and thereafter at $50
per
share.
From
the
proceeds derived from the sale of the new stock, Mr.
Hawkinson stated, the company will redeem its remaining $15,000,000
of Ac/e
15-year debentures, due 1952. The redemption will be effected
about
total
a
previously announced, John. E. Rovensky
elected Chairman of the executive committee.
Frederick A.
been
the
Transactions
offered
be
Charles
that
activities
with
affiliated
Banks of
of
1944.
Subscription
unsubscribed shares will
to
rights
1944,
par
President
Is
and
and
offices
-1483
it
to
given the right to subscribe for the
one share of preferred for each
March
at
1484
voted
N.
the
as
office
finances,
of Federal
shares
of
record
Redeem
51^-gold
of
Corp.
announced
is
which
Federal Reserve
value and 2,750,000
Hawkinson,
Corp.—To
lectible
—.1481
Clearings.——-.-—1480
of Bank
par
announced.
Present common
new
no
Continental
&
England.
System.——.1484
Y. Stock Exchange.——1463
30,
3,050,000
British
renegotiations
,
&
———1484
Sinking Fund Notices.1481
Combined Condition Statement
value.
Ihe board of directors, following the stockholders' meeting, author¬
ized
the issuance
of 296,015
shares of 4%
cumulative convertible
common
$300,000
it
Foreign Exchange Rates
Approved—Rights to Stockholders—
stockholders,
amend
/
.
Equity Corp. has called for redemption on Aug. 1,
The
of
Continental
——
Condition Statement of Member
New Stock
159, p. 1033.
American,
—...1479
Markets
Sales—
Course
The
and Mr. Roberts was
; 1
Manager, Mr. White was Works Manager
the tractor division.
1943 renegotiations. Net income for
allowance based on 1942 renegotiations,
an
Co., the London paying agent, 145 Leadenhall St., London, E. C. 3,
If presented in London the redemption price shall be col¬
at the buying rate for sight exchange on New York on the
day of presentation for collection.—V. 158, p. 1525.
Redemption Calls &
James M.
Manager of
after
$1,343,000
$300,000 of Debentures—
Investment News.1441
City Bond Offerings and Sales...1490
State and
White and William A. Roberts have
additional Vice-Presidents.
Mr. Johnson was General
as
be voted, but the
would
dividends
further
that
hope
awaiting final results of
—.1478
Section....1478
Stock Exchange
Auction
due
Mfg. Co.—New Vice-Presidents—
Johnson,
is
for. 1942.T-V.
Dividends Declared and Payable
Allis-Chalmers
William
expressed
was
duties
1, 1944, on 20-year
series of 1930, due
April
Murnane
efforts
comparing with an adjusted net profit of $4J9,000 after
General Corporation and
made
was
coupons
Mr.
American Car & Foundry Co.—Changes
April 1, 1944.
Interest pay¬
Morgan & Co, Incorporated.—V. 159, p. 1241.
of
surrender
on
of
1474
-147 5
-_1475
Miscellaneous Features
Alleghany Corp.—Interest—
Payment
of the company's shares
rate
24 Jl.
p.
He
1943
to bond¬
1
annual meeting of stockholders held on April 4.
is vested in the Alien Property
at the
debentures due 1953 of American, British Sc
and interest.
Payment will be made at the
office of J. Henry Schroder Banking Corp., the New York paying agent,
48 Wall St,, New York, N. Y., and at the office of J. Henry Schroder
Over-the-Counter
at the
disbursement
interest
an
income debentures
outstanding
•
1s operating solely as an American company and
standpoint in all respects George Murnane, Chair¬
American
declared
board
—
Montreal
Toronto
America
'
Compete
Corp.—To
—.1476
Stock Exchange.
..1476
Curb Exchange————.1478
Montreal
833.
directors
and earnings with last
operations
possibilities are for a moderately successful career at
said.
"The company now is self-sufficient and
of the present, management, together with the cancedation of German contacts, it is prepared to play a leading role in
the Diesel
engine field in competition with any other firm in the
world.
This includes the Robert Bosch Co, of Germany."
Stock Exchange—
St. Louis
Toronto Stock Exchange—Curb
The
of
%
Bosch
corporation
an
through
.....1475
.^..*1476
1476
Angeles Stock Exchange
Stock Exchange
Philadelphia
Pittsburgh
—
stock
——_.
159, p.
3,189,416
$133,342
.
—
pfd.
on
$7,549,012
250,025
ir
.■•
income
Net
Dividends
$645,195
285,273
deducs.—
comparison
729.
p.
in Diesel Field
American Concern—1943 Earnings Higher—
least,"
1473
—____1474
Exchange „—..-i.—- ^
Stock
Stock
Detroit
Los
and
_
Chicago Stock Exchange..
Cincinnati Stock Exchange
f
income
Gross
Int.
—
—
9,005,179
3,031,200
872,333
profits tax.
Stock Exchange
11,223,179
3,203,200
273,600
——]
taxes—.V
Curb Exchange—
Stock Exchange
Baltimore
576,717
2 65,600
941,153
r
depreciation..
General
(Bonds)
...
—
expenses
best,
the
year
Custodian.
1453
1464
1468
—1473
(Stocks)
Stock Exchange
New York
Co.—Earnings—
February— 1944—Month—1943
1944—12 Mos.—1943
$2,694,784
$2,396,675 $30,856,644 $28,376,520
revenue
Operating
last
159,
is
Company
at the annual meeting, held on April 4,
have continued the improved trend evi¬
half of 1943, and the business on tne company's books
favorable
a
Note
Bank
American
the
this
"Post-war
Stock Exchange
York
New
Alabama Power
with the
class B
is
President,
far
Control of 77%
Page
-
New York
1241.
Period Ended
in the
dent
The
■
stock
The
for
so
man,
Stock and Bond Quotations
2377.
p.
With SEC—
March 29 filed a registration statement
Commission for 13,000 shares of
on
Schomp,
Sales
from
458,197'
income.—
oper.
said.
as
Issue
53,016
489,688
643,083
This
In
152,
Michigan.—V.
of
Exchange
outlook
The
Albert L.
88,935
747,105
159, p.
Prov.
1941
railway——
rai.way
intends to offer the certifi¬
Company
J.
State
American Bank Note Co.—Sales Higher—
*
assures
$220,502
:
the
already issued and outstanding and is
being sold by L. A. Cushman and Maltha Bryan Allen Cusnman as
trustees of the L. A. Cushman Trust.
Offering price to the public as
well as underwriter will be named by amendment.—V. 159, p. 833.
year.—V.
January 1—
Net
Gross
'
67,266
from
Gross
—V.
134,768
income—.,
oper.
1942
$322,869
127,»47
71,940
and
par).
(no
American
$239,498
80,469
44,578
1943
$376,363
_
Net
"Net
10-year
share—
common
per
company
stock
Youngstown Ry.—Earnings-
February— •,■/: .<■• ,V' ■;
from railway—.
from railway—
,,
4%
outstanding
series
of
residents
Securities
and Fully Owned Subsidiaries
Earnings for Corporation
Taxes
the
to
cates
The
-
covers
of
certificates,
annuity
Share in 1943—
Aluminium Ltd.—Earned $15.79 a
-
development program,
activities, and for its completion $1,has been added to the company's reserve funds for future
operations.—V. 159, p.
1033.
phase
every
Trust
rate
them on the basis of an interest
This bid was accepted.—V. 159, p. 1345.
annum.
per
MISCELLANEOUS
-
American Bakeries Co.—Registers
-
company has embarked on a seven-yearDewilt Clough, President, told stockholders at
13A %
directors.
appointed
been
of
President,
The
INSURANCE
-
which offered to purchase
Co.,
S.
INDUSTRIAL
-
received, the most favorable of which was that of the Northern
Abbott Laboratories—New Directors & Vice Pres.—
Charles
Copy
a
Corporation and Investment News
PUBLIC UTILITY
-
60 Cents
Price
York, Nr Y., Monday, April 10, 1944
New
the SEC $500,000
accumulative
capital
surplus.
(from organization
$9,785,010;
undistributed investment
1938, $2,061,595; from July 1,
to June 30,
income
1938, to
I
—v.
Y • 'Y
March 31, 1944, the value of
investment securities was $10,965,177, or $1.,608,946 in excess of their .
cost.
Investment securities having a market value of at least 125;/"
of the outstanding bank loan are deposited with the Guaranty Trust
Co. of New York as collateral.—V. 159, p. 929, \ .•
•
Food Lockers,
American Frozen
•
cirt
Inc.—To Offer Stock
offering
which
New York.,
Co., Chicago, soon will make a public
of 50,000 units of clriss A and common stocks of this company,
operates a chain of locker plants In Westchester County,
Proceeds of the financing will be used primarily for further expansion
of the chain in the same area, increasing the number of
lockers from 2,800 to 4,400.
D.
Floyd
The
Proposed
y/Y, 'Y> Y'y'' \'^/YY'Y/YY'!
Merger—
Co.—Asks Bids For Pref.—
Tidd, President, announces that the company will receive
proposals for the purchase from it of 55,000 shares of cumulative pre¬
ferred stock (par $100),
the dividend rate to be .specified by the
bidder.
Proposals should be presented to the company at the office of
American Gas & Electric Service Corp., 30 Church St., New York,:
before noon on April 10.—V. 159, p. 1346.
YY YY;YY;YY YY'.:;:YY
Lustig estate for
L.
majority stock interest in the Apponaug Co.
It
is understood that this company
will
of
disclosure
Meehan's
Mr.
this study it has been
Innumerable unknown factors affecting the
of
result
a
From
in
future—resulting from the
disruption of war, domestic and international dislocations
disorganizations—make it impossible to arrive at sufficient cer¬
of operations under a merger of such magnitude to justify its
recommendation to stockholders and employees.
'Therefore
all negotiations locking to a merger have been termi¬
nated, and the proposed plan has been abandoned with the approval
of the boards of directors of both companies.
Each company will con¬
tinue Its operations and organization as in the past."—V. 159, p. 1345.
years
that post on April 4 and became Chairman
The post of President went to Eugene E.
Vice-President and General Manager.—V. 157,
quished
directors.
been
a
of¬
'
Trust
Co.—Proposed Acquisition—
American Sugar Refining
President, on April 5 announced that this company has
contracted
to purchase the refinery,
the business, trademarks and
substantially all. the other assets of the W. J. McCahan Sugar Refining
& Molasses Co. of Philadelphia, Pa., one of the old and long-established
Abbot,
J. F.
is prepared to
trustee,
March
issued
11
Y
Y
^
bonds tiue
registered
y.
.
RR.—Abandonment—
Line
abandonment
extending from Otisca to
County, Ga.—V. 159,
certificate permitting
a
:
,
$5
5
George
William
America—Changes in Per¬
Chapman, Plant Manager, has been elected a director.
formerly Vice President, has been elected Senior
John J.
Power,
Jr., formerly Secretary, has been
President.
J.
A. Coakley, Jr.,
formerly Treasurer and
A.
F^
elected
Joyce,
Vice
Assistant
is
Secretary,
has
Bauman
the first
net sales for
3 Mos. End.
for
1942
$1,812,413
$260,649
*3,200,000
809,574
62,556
246,000
325,000
/-
$1,460,863
$0.25
$1,103,218
$1,002,844
$0.17
1944
excess
post-war
re¬
adjustment
profit
tEarns.
Company—Organized in Arizona on June 24, 1935, to acquire the
and properties of Arizona Edison Co.
Company serves Doug¬
per
"After
In
sh
com.
tOn
5,782,222
$0:%
of
shares
common
$193,09.3
S0.04
1944 and $320,00.0
in
stock.
refund of $300,000
post-war
deducting
1943,
1941Y
1943
$4,628,218
*3,100,000
and
income
profits taxes
business
$17,677,809,
1944 quarter totaled
$4,806,863
February—
Profit before taxes-——
Net
y
the first quarter of 1943.
in
against $401,849
:
V.
and Elmer
Treasurer,
with $19,177,566 a year
ago.
Dividends received from
companies and other security investments totaled $619,339,
associated
Prov.
and
Secretary.
Assistant
(Del.)—Quarterly Report—
Corp.
Consolidated
compared
Fed.
Secretary
now
elected
been
Aviation
New York
yYYYYY YY' YYYYiY
of tlie
1943.—
f
President.
Vice
transfer agent.
Stock—
voted to retire 44,567 shares
in the treasury at the end of
7
sonnel—
arid in every
of New York
.
April
on
Automatic Sprinkler Co. of
the, principal
the principal
:,YY ;Y.Y^Y^YY'YYy-YYY^Y
Corporation Co., Jersey City 2, N. J.;
stockholders
The
cumulative
Co.; New- York 5, N. Y., registrar.
notes are to be dated April 1, 1944,
Corp.—To Retire Treasury
Atlas
company's common stock held
V.
159, p. 930.
'
las, Bisbee, Globe, Miami, Yuma and other communities ,ln southern
approval of the McCahan
Arizona.
Its principal busiriess is the
generation and purchase of
Y"'
'
.
electricity, the purchase of gas, the pumping ot water and the trans- ,
He further stated: "It will be the policy of our company, after tak¬
mission, distribution and sale of these services to about 16,SCO electric,
ing possession of these properties which it is expected will be about
9,900 gas, and 8,100 water customers in areas of southern Arizona.
May 1, to continue the operation of the refinery and to distribute its
In
addition the company manufactures artificial ice in four-plants,
line of sugar products under its established trade brands and through
and distributes it in several commurilties.
Total population of districts
Its existing sales channels.
:.'-V:
VY/' served is estimated at 57,000.
"As a part of the purchase price, our company will transfer to the
Capitalization Giving Effect to Present Financing
Y
W. J. McCahan Sugar Refining & Molasses Co, all of the stock The
American Sugar Refining Co. holds of The National Sugar Refining
Yv;';'
Y'YYv
YY ■ Y
.
Authorized Outstand'g
Co., thereby disposing of all interest which it now has in the latter
First mortgage bonds, 3Vz% series due 1974-__ "$2,500,000
$2,500,000
company."
/■; .YY'
■. "YY.-- Y-.Y; ■■■'.•>,:YY. Y.
,■ YY;Y Serial notes maturing serially 1944 to 1949——
750,000; ;1 +750,000
The present W. J. McCahan Sugar Refining & Molasses Company's
Pfd. stock, $5 cumul. (no par) (shares)
+30,000
4,500
Common stock ($5 par) (Shares)r
£125,000
1104,715
refinery at Philadelphia has a normal capacity for refining 2,200,000
pounds of raw sugar daily.
McCahan sugars, with a broad variety
"The maximum amount
of bonds of all series outstanding at any
of grades and colorful packages, are marketed under the "Sunny Cane"
one time under the mortgage is limited to $70,000,000.
tThese notes
brand name and have a wide distribution throughout the State of
mature $50,000 each Aug. 1, Dec. 1 and April 1, from Aug. 1, 1944, to
Pennsylvania, and in many other important markets in the East,
April 1, 1949.
The lirst three maturities bear 2'A% interest ,the next
Southeast and the Midwest.
' •
three maturities 2%%
interest, the next three maturities 21/2%
in¬
The American company has refineries at Boston, New York, Balti¬
terest, the next three maturities
interest, and the last three
more and New Orleans,
together with a refinery in Philadelphia oper¬
maturities 2%%
interest.
Notes have been purchased by The First
ated by -a wholly owned subsidiary, the Franklin Sugar Relining Co.
National Bank of Boston.
£The 30,000 shares of preferred stock were
—V. 159, p. 1138.
created by an amendment of the articles of incorporation filed April 3,
1944.
Amendment also changed the authorized and issued shares of
American
common
stock (no par) into a like number of authorized and issued
Telephone
&
Telegraph
Co.—Corrected
•
:
Y '
Earnings Statement—
■ ;.y
y-Yyy YYv shares of common stock (par $5).
Purpose—Net cash proceeds (excluding accrued interest and divi¬
Month of January—
1944
1943
dends) to be received by the company from the sale of the 1974- series
Operating revenues
;
$19,282,302 $21,184,467
bonds ana preferred stock are estimated at $2,991,625 after expenses
Uncollectible operating revenues
82,000
102,500
estimated at $50,000.
Contemporaneously with the sale of these securi¬
ties, the company will sell to a single purchaser $750,000 serial notes
Operating revenues
1
$19,200,302 $21,081,967
at the principal amount thereof, plus accrued interest from April
1,
Operating expenses
11,461,478
8,621,318 ' 1944.
Operating taxes
5,844,756
9.140,628
Simultaneously with the consummation of this financing, -the com¬
pany will use the net proceeds therefrom (excluding accrued interest
Net operating income___
$1,894,068
$3,320,021
and dividends), estimated at $3,737,875, together with about $242,430
lrom the company's other funds (a total of $3,980,305) to redeem all
Note—The operating expenses for December, 1943, and for the year
the outstanding first mortgage 4%
bon4s,, series C (all $2,538,000 ^of
1943
were
$13,784,584 and $120,291,864, respectively (see V.
159,
».:y
: y
•
company's equity
in the undistributed earnings of subsidiaries not consolidated or com¬
panies in which it has large investments.
,.
Notes—ill
<2
The
>
above
The
report
earnings
subject
is
do not include the
adjustments which
159, p. 1142.
to
may
result from
renegotiation of contract prices.—V.
yBalitmore & Ohio RR.—Notes
Awarded—
announced March 31 that the company had
accepted "a bid made by New York Trust Co. of an interest rate' of
l'/2%
on
$494,550 of equipment notes, payable serially in 40 equal
quarterly instalments.
The issuance of the notes is subject to the
approval of the Interstate Commerce Commission.—V. 159, p. 1346.
Y Roy B. White, President,
;..
y
Transit Co.—Earnings—
Y Baltimore
■
.
yYy. Y(Including Baltimore Coach Co.)
1944—Month--l943
Period End. Feb.—
revenues
Operating
$4,104,593
2,899,830
$3,966,203
2,991,166
417,466
711,784
787,207
$165,696
$263,252
$417,510
Taxes
Operating income
income
Gross
Fixed
5,794
2,823
11,619
5,846
$149,634
$168,520
$274,871
$423,357
income-
Non-operating
Int.
1944—2 Mos.—1943
$1,972,200
1,389,036
$143,840
expenses
___
$1,939,822
1,466,409
329.573
Operating
3,870
3.870
7,741
7,741
75.655
77,747
151,310
155,492
$70,108
$86,902
$115,820
$260,122
$70,108
$36,902
charges
series
on
A
debs.__
O
income '
Net
for
Prov.
(incl.
res.
special
war
accelerated
200,0.00
50,000
depreciation)
___
____
as
.
Coast
on
1346
p.
'
/
-
ICC
/,•/,-
Amsterdam, approximately 10.35 miles, in Decatur
this country, subject to
of
refiners
sugar
stockholders.
159, p. 346.
Atlantic
1974,
1,
and are to be issued in 15
series each of $50,000 maturing semi-annually Aug. 1, 1944, to April 1,
1949.
The first three maturities bear ?,Vi% interest.
The next three
2% %
interest; the next three 2%'/(
interest; the next three.. 2% %,
and? the last three maturities ?%%
interest.
The notes will; be -re¬
deemable at the option of the company, on 30 days' notice, (1) at
principal amount plus accrued interest, if redeemed with funds repre¬
senting net income of the company available for redemption of notes,
and (2) at principal amount plus accrued interest, plus a premium of
1% of principal amount (such premium successively decreasing Vs. of
1% .of principal amourit at the end of each year from the date of the
notes) if redeemed with any other funds of the company,
r ,' ^ Y
The
'
/
and
William Young Jr.,-trustees.
The
States
share by Clark, Dodge & Co. Commission 50 cents
share. The offering was completed in the elapsed
time of 1 hour 11 minutes.
There were 21 purchases by
15 firms; 700 was the largest trade, 15 the smallest,—
& Trust Co.,
Bank
YY
Ry.—Definitive Bonds—
outstanding temporary first mortgage-3%%
for definitive bonds in coupon and/or fully
the
1963,
1,
form.—V.
preferred stock is redeemable as-a whole or: in
part at any time on at least 30. days' notice at $105 per- share plus
accrued
dividends.
Voluntary liquidation value $105 per share and
involuntary liquidation value $100 per share,. plus, in either case,
accrued dividends.
Dividends payable quarterly, Jan. i„ .etc.
United
was ef¬
3 at $21
.,
and are due March
year
case
and
per
442.
Nov.
.
Y
1346.
p.
Central Hanover
The
excliange
The
1944,
amount
amount
;
159,
by the company of a branch line of railroad
1,
thereafter to and including March 1, 1973, at
plus the premiums (beginning with 5%%' of
diminishing from time to time thereafter);
with accrued interest to redemption date.
Bank
each
per
V. 159, p,
March
140,874,484
was
Atlanta & Charlotte Air Line
Yv;
payable March J and Sept. 1,C Principal and interest payable
of Bank of New York, New York City.
Coupon bonds in
registerable as to principal only.Y Redeemable
all or part at option of company at any. time prior to maturity on at
least 30 days' notice at principal amount plus premiums (beginning
with 9% of the principal amount and diminishing from time to time
thereafter); and similarly redeemable for the sinking fund and with
certain other moneys in part on March 1, 1948, and on March 1 in
relin¬
Co.—Special Offering—A special
American Stove
ago.—V,
report for the week
electric output of the Associated Gas &
units (kwh.).
This is an increase of
above production of 129,856,723 units a year
net
1944,
31,
Group
11,017,761 units, or 8.5%
Inc.—Securities
denomination of $1,000,
of the board of
Clark, who has
p. .986.
* '
]
fering of 2,500 shares of capital stock (no par)
fected on the New York Stock Exchange April
dated
March
Electric
office
at
'
has been President,
Board
the War Production
from
above
Associated Gas & Electric Corp.
of
The trustees
Interest
Co.—50-Cent Dividend—
.
The directors have declared a dividend of 50 cents per share on the
common stock, payable May 15 to holders of record April 21.
Similar
distributions were made on May 15 and Nov. 15, last year.—V, 159, p. 2.
Co.—Changes in Personnel—
the
joined
Associated Gas & Electric Co.—Output—
,
ended
and interest.
bonds-are
The
Safety Razor
who for many
Lustig, founder of the
Co.,
Edison
at par
notes
159. p. 1241.
Nicholson,
resigned
charge of special
was
stock at $100 per share.
'Serial Notes—Simultaneously the company has sold to
the National Bank of Boston an issue of $750,000 serial
Light Co.—Rehearing Asked— J
American Power & Light Co. and Electric Power & Light Corp. have
filed petitions In the Federal Circuit Court, Boston, asking a rehearing
of their request for a review of an order of the SEC for their dissolu¬
tion
The
SEC order was affirmed in a Circuit Court
decision
C.
it
the preferred
and
American Power &
American Screw
.source
Offered—Public
offering of $2,500,000 first mortgage bonds, 3Vi%', series
due 1974, and 4,500 shares of $5 cumulative preferred
stock (no par) was made April 5 by Coffin & Burr, Inc.,
and Dean Witter & Co. The bonds are priced at 105% %,
tainty
Paul
reliable
a
Arizona
mutually agreed that the
complete
American
^YY '''• YY
daughter's. /.
and
March 17,—V.
,V
corporation as Assistant to the President
fiscal and administrative operations.
He will be
succeeded as regional representative of the WPB government division
for Region 2 by John Warren.—V. 159, p. 1246.
'
Y' Y' '"Y/y
has
and
firm/ for his four
Y'.Y-Y; Y Y: .%YY .-YY YY
YY
learned that Mr. Meehan had agreed
£ays:
: y*' ""'Y
' '-''L''. y-'A; / to
pay $21 a share for the
45,030 shares, representing a controlling
"Under an agreement reached between The Norwich Pharmacal Co.
interest in the company's outstanding 90,000 shares, and was sending
and American Heme Froducts Corp., earlier this year, the executives
out a similar offer to other stockholders.—("Boston News Bureau.")—
und directors of these companies have conducted an-extensive study
V. 158, p. 1342.
and analysis of the possible advantages of a merger of their respective
"As*
has
Vanneman
K.
Donald
on
left In trust by the late Mr.
•
Official
Corp.—New
Art loom
Co. following the filing of a stipulation in Superior Court
April 1 discontinuing without costs the petition of the Rhode
Island
Hospital Trust Co.,
as
trustee, seeking authorization and
direction to sell at $20 a share 45,030 shares of stock of the company
Apponaug
and American
on April 3,
President of
Norwich
Pharmacal, and Knox Ide, President of American Heme
Products
because of recurrent rumors that the merg<y was about to
he consummated.
The Joint statement issued by the two companies
proposed merger of The Norwich Pharmacol Co,
Home Products Corp. has been abandoned, it was announced
The announcement was made by Frank L, McCartney,
The
;<
and the re¬
which each has severally agreed to
purchase, are as follows:
Y;YY' %,.Y'-YY-.Y.Y' •
' •
'
Y.;,'.'YY Y
"
..'/y.'-.Y ,.;Y >.
•„
'Bonds-' Pfd. Stock
Coffin & Burr, Incorporated
$1,750,000
3,000 shs.
Dean Witter & Co.
750,0C0
1,500 shs.
—V. 159, p. 1246.
Y Y,;y/Y,,Y;. YY'Y'YYyY.'YvY. Y:Y<
the
of
control
',-y 'Y-vV :,
,
spective amounts of the securities
be managed
to
acquiring
for
plans
par),
no
Underwriting—The names of;4he principal underwriters
the purchase of the
with no change in personnel.
by its present officers,
-Y
$5,294,007.
yYYY'Y'YY. Y-;'Y-' YY."continue
shares,
(4,500
cumulative
$5
par), $523,575; lirst mortgage bonds, 3J/2%
series, due 1974, $2,500,000, serial notes due 1945-49 (excluding notes
due in 1944), $650,000; accounts payable f trade). $64,981; accrued and
miscellaneous liabilities. $106,448; provision for Federal taxes on in¬
come, $206,000; serial notes due within one year, $100,000; reserve for
expense of new financing, $50,000; customers' depc.sits and other liabili¬
ties, $170,713; contingent income tax liability reserve, $51,109; un¬
amortized bond premium, Jess expense, $56,250; non-refundable con¬
tributions
for extensions,
$10,414; earned surplus,
$354,5.17; total,
George N.
George V. Meehan,
that he aqd a group
with trustees of the Alfred
stock,
Liabilities—Preferred
$450,000; common stock ($5
I.—Control— ,y \;Y vf ;
well kpown textile man, on April 3 announced
of associates have -entered into an agreement ;
Products Corp.—Abandons
American Home
y V'..
.
Apponaug Co., Providence, R.
rentable
;
1346.
p.
Atlantic City Electric
market quotations of
Note—Based on
159,
week of 1943.
YO;\
>■
kwh. for the corresponding
the output of 76,924,600
over
of securities, ,
net losses on sales
1944, $151,083), $2,212,678;
Dr$8,748,645; total, $10,384,753,
March 31,
Monday, Aprif 10, 1944
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1442
__
—____
Remainder
-V.
„
159,
..
$115,820
$60,123
1246.,
p.
.
834).—V. 159, p. 1242.
p.
American
in
Sales
Co.—Sales
Tobacco
first
the
two
...
.
months
of
this
;
.
.
Higher—
'
which
\
year: increased
12.5%
last
period
same
by
corporation
Section
approval
as
(e)
11
of
a
Utilities
Service
Total
Corp.—Reorganization-
Taxes
165,263
106.677
262,483
261,579
247.286
193,037
',157,679
$558,384
$526,758
(other than income)
operating revenues^________
Non-operating income
Gross
Interest
on
$579,099
184.322
2,904
13,626
2,904
35,193
17,582
$388,216
$320,895
$232,293
94,000
141,465
debt____
Amortization of bond expense______
the
of
American proposed to reclassify its existing 105,000 shares of 6%
preferred stoek ($25 par) into 105,000 shares of new com¬
Balance
cumulative
mon
stock
receive
(3)
the
new
common
stock
on
a
share-for-share
,
basis,
The plan provided no participation by the preesntly outstanding
stock in the new common stock to be issued.
excess
income.
taxes..
income
State
taxes on
before
Federal
Federal
($20, par), so that the holders of the preferred, stock would
13,673
income tax
2.904
American reserved
Section
*8
plan.—V.
the right to
request the Commission
to aDply
J1 accarda^ce *'ith the provisions of Sub-section (f) of
of the Act to enforce and
159,
carry
p.
out
the provisions of the
1242.
,
Power output of the electric
ending April
1,
1944,
Inc.—Output^- :
properties of this company for the week
totaled 85,057,000 kwh., an increase of 10.57%
V
$154,543
Condensed Pro Forma Balance
$170,895-
Sheet, Dec. 31, 1943
terms
and in
4,685
$172,608
--1 -
and
equipment, - $6,757,471;
intangibles,
depreciation. Dr$2,482,524; investments • and de¬
posits, $12,382; cash on hand and in banks, $98,851; U. S. Treasury
notes, tax series "C," $110,000; notes" and accounts receivable "'(less
reserve of $21,466), $133,407; materials and supplies, $73,420; deferred
charges, $37,800; total, $5,294,007.
Assets—Plant,
reserve
1944,
out of
N.
Y.—V.
159,
p.
1035.
has been offered and
30-month revolving credit of $50,000,000 under Regula¬
Government guarantee, from a group of 36 banks.
of the credit are sucn that the proceeds may be used by
a
90%
the company as
54,999
1
of war production contracts,
part or all of its contracts for the
needed in the performance
the event of cancellation of
Government, to release a major
in the canceled contracts in order that it
of
the
portion
of its
may' engage in
only slight delay. The credit was arranged
by the Fourth National Bank in Wichita, the company's local banking
connection, which will act as the agent bank under the credit agreeinvestment
""
income
$553,200;
American Water Works & Electric Co.,
with
tion
its
Net
of Bonds-
has accepted a
common
(4)
York,
convenience
8,534
1,
Bank Loan—
'■
126,000
profits tax
redemption as of May
Beech Aircraft Corp.—$50,000,000
$444,7.29 Y
191.950 Y "it was announced on April 1 that corporation
The
plan.
(2)
:
for
fund
New
St.,
18.517
16.556
$543,314
Other deductions
requirements
171.863
$426,212
20,715
,
funded
Y
called
monies, a total of $15,400 of Ludwig Baumann & Co.
Warehouse, Long Island City,
N. Y., 1st mtge 6V2 % ■ serial bonds
(modified! dated April 1. 1924, at 100 and int. Payment will be made
at The Continental Bank & Trust Co., successor
trustee, 30 Broad
sinking
i
been
have
There
-
174,352
income
jtoc^ ($20 Par ',1 or a new corporation would be formed with
authorized
the
the latter firm, announced
-
(Ludwig) Baumann & Co.—To Pay $15,400
y
1.002,518
1,117,558
161,752
Net
co™mo.n
meet
recently.—V. 159, p. 2.
$1,954,557
•
1,208,053
_
Depreciation
American proposed to amend its articles of incorporation so .that
its authorized capital stock would be changed to 150,000 shares of new
to
E. V.v Babbitt, President of
dustries,, Inc.,
-■
/
Asphalt Corp.—Sale of Plant—
properties, product rights and business of the above company's
(111.)
plant have been purchased by the Clark-Babbitt In¬
Madison
1941
1942■
$2,383,711. $2,228,838
operating revenues
Operations
follows:
sufficient
,
"
*
(1)
stock
YY
Earnings for Calendar Years
1943
recently filed with the SEC an application pursv.ant to
of the Public Utility Holding Company Act of 1935 for
plan of recapitalization, which in substance provided
capital
The
6% income bonds, series. A
"inoiftijage *5% income bonds, series B.
year,
Maintenance
American
Barber
Equltabk^^^-'A^®nce Society of the United
Summary of
over
against a decline of 6J% in the whole
industry, Paul M. Hahn, Vice-President, told stockholders at the
annual meeting.—V. 159, p. 1034.
,:
• •
the
owned
are
States), ail the outstanding
and all the outstanding second
post-war program with
"
ment.
property
the company may borrow as
of $1,000,000, bearing 3(s%
outstanding notes at any
time before maturity upon giving the required five days notice.
The
company also has the privilege, after March J, 1945, of terminating
According to
for
needed
t
on
its
the
terms of the credit
note in multiples
90-day
interest, with the privilege
of prepaying any
.
Volume 159
part or all of
a
notice.
the bank's
addition
In
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4271
to
commitments by
the
interest
rate
giving
the
on
30 day's written
in use, the
duction contracts.
and
The company
'
,
its
profits.
has contributed in
States
also
but
its
effort
war
the
in
various
theatres
of
war.
Deliveries
1943
the
It
the
and in
is
,
Army-Navy
Amsterdam,
March
on
has
this
of
the
in
plant
won
by
700,817
ations
Army.
payable
on orders
mostly in the hands of the Government, Mr. Bush said there
extremely satisfactory relations between the company and the
In
reply to questions, he said the pompany had given some thought
refinancing of outstanding bonds, but the board of directors has
that the time was not propitious; he also said it was dan¬
gerous to make prognostications on post-war business in the light of
present world unsettlement, but that in his opinion the company would
be able to find tenants for its piers as soon as they are released
—V. 158, p. 2464.
..."
•: ■■.,
...;
,
to
5,485,752
9,539,224
payroll and expenses
payable
taxes tgid renegotiation.
Deferred credits to income
(
4,594,972
934,692
45,806,217
and contingencies
(_—
9,055,914
12,310,204
decided
31,457,083
;
Accrued
Dividends
tProvision for Federal
4,032,793
934,689
44,057
—
Reserves for special purposes
stock
Common
and
Earned
5,333,672
1~_
10,801,330
12,310,204
10,873,745
—
28,984,673
24,882,076
«-
surplus
137,822,293
105,364,729
capital surplus
Campbell, Wyant & Cannon Foundry Co.—Director—
Arthur
of
announced
Total
>
„
——
*Less
for
reserve
and
depreciation
of $13,940,156
amortization
in
1943 and Sll^O,066 in 1942.
tLess U. S. Treasury tax notes of $28,695,234 in 1943 and $8,342,190 in 1942.
Makes "Autobank"
Stoxes, Inc.—Registers 60,000 Shares of Pfd.—
Company filed a registration statement with the Securities and
Exchange Commission on March 31, 1944, covering a proposed offering
of 60,000 shares of convertible preferred stock
(par $100).
Of the
proceeds from the sale of the new-securities approximately $2,107,000:
"autotank," now in mass produc¬
manufactured'by the Warner Gear
it was stated by E. S. Russey, Assistant
April 4.—V. 159, p. 1142. "
/
the new
important parts of
Two
tion
Parts—
by
Ford
the
Motor
Co.,
are
division of Borg-Warrier Corp.,
General Manager,
on
States.
balance of
The
the
■V
proceeds is to be used for carrying
an
expansion program'of the corporation, which includes the
enlarging of existing retail stores, building, altering and equipping
stores, increasing factory capacity by adding to existing plants or by
acquiring further facilities, the carrying of larger inventories and
accounts receivable, and any balance that may remain for working
capital.
Lehman Brothers and Wertheim & Co.
are
named as principal
i
January
February
March :Zii j^Revised
ville
The
the
offering, the conversion and redemption
remaining members of the underwriting
group will "be supplied by amendment.—V. 159, p. 1246,
proposed
of the
names
York
of
company
which
is
mission,
V.
1,526,970
+2.3%
Equipment Notes—
1 awarded $494,550 equipment notes to New
of lVs% interest.
The notes, the issuance
bid
in
serially
payable
equal
40
tax refunds* and reserves for
reconversion,
renegotiation and other contingencies,
operations for
1943 added $7,841,359 to the earned surplus of the corporation, C. S.
Davis, President, states in the annual report to stockholders.
This
amounted to $3,356 per share on outstanding common stock, compared
with $3,004 per share for 1942, or an increase of 8,7%.
Sales volume
for
taking
1943
Mr.
into
45%
was
Davis
quarterly
recently
the
is
by
producing
first
97%
conviction
1941.
over
of
the
and
officers
that
in war-time
national Government.
They also
produced should be sold at a margin
which bears no implication of war profiteering.
On the other hand,
directors and officers have deemed it their duty to stockholders and
to a "Stable national economy to maintain operations on a moderate
believe
basis
that
of
duty of Borg-Warner to serve the nation
efficiently
goods
retained
efficiently
war
peace-time needs
sound financial
a
condition, well able to resume production
efficiently and effectively as it has produced
as
The
ratio
a
sheet
balance
of
$1.08
liability for
cash,
shows
each
to
securities
of
$1
in
indebtedness, including all
with inventories amounting to approximately $31,-
taxes,
-"So long
receivable
accounts
current
"
800,000.
and
should
made
it
Boston
Maine
&
April
4
in
petition
a
Hampshire Public Service
filed
been
with
Commission.- A sim¬
Interstate Commerce Com¬
the
-
only effect of
Maine's
&
.
.
,
1
the Wilton.—V.
the
corporate
159,
p.
in
desirable
prove
a
is
the
in
future.
have
Arrangements
from
Net
ry.
1943
1942
1941
$439,407
$393,685
$373,406
154,281
97,489
188,103
176,126
154,327
141,227
141,932
109,698
1,149,676
510,868
858,689
914,097
795,781
357,957
446,994
339,194
385,133
'253,634
353,606
240,597
from
Net
$99,543
*44,817
*34,719
$96,904
*8,672
*115,624
80,718
*64,379
*36,441
election of Ferdinand Eberstadt, President of F. Eberstadt &
and formerly Vice Chairman of the War Production Board;
Fred Jones,
Brewster Aeronautical Corp.—Sets Record—
The
219,222
209,166
*70,680
217,827
*45,375
211,365
119,323
202,299
*139,611
*108,033
*59,902
Deficit.—V.
*4,267
159, p. 932.
Canadian Pacific Railway- -Traffic Earnings-
A. Butler,
Tex.;
1941
railway——
oper.
week Ended March 21—
Inc.,
Houston,
income^-
1942
railway-——-:
income
from
ry.
1347.
senior member of the law firm of Butler & Binion
head of many Ford Motor Co. agencies
in Oklahoma, and Roger J. Whiteford, of the Washington, D. C. law
firm of Whiteford, Hart & Carmody.—V. 159, p. 931.
of
1943
$93,664
*7-4,422
January 1—
Net
*
Vermont—Earnings-
1944
$97,159
railway__X-XrV.
•
oper.
From
Gross
—V.
/':/
1944
earnings
company's
1943
$9,607,000
-vi-,-
$8,427,000
159, p. 1348.
Carpenter Paper
The
Co.—Registered With SEC-
March
30
registered
with the Securities and
Exchange Commission 15,000 shares of common stock (par $1).
Offer¬
ing price to the public is given at $30' per share. No underwriter is
company
named
on
in the statement.
The prospectus added that, 1,717 shares of
currently offered to a group of ''officers and
►
production for March was nearly 10% higher thah
in February and beat the Navy's increased schedule by 6%, Henry J.
Kaiser/President, announces.—V, 159, p. 1347.
—.yy/V/'/'Z-
$21.50
Net
share.
per
stock
common
employees at
are
a
being
price of
.
proceeds from the sale of the cpmmon stock are to be used for
capital required because of increased sales, to provide for
increased inventories and for other corporate purposed—
working
carrying
been
V.
Brooklyn Union Gas Co.—Koppers Interest Sold—
for loan agreements totaling $65,000,000,
of banks
group
very
a
Net
The board of directors has been increased from five to nine members
Co.,
-Earnings—
1944
February—
from railway—
Traffic
by the
hac} acquired
$465,910
from
Braniff Airways, Inc.—New Directors—
'
corporation
with
the
by
New
has
proposed purchase will be to include in the
assets properties which for a long-time
have been operated as
a part of its system
and which are almost
wholly owned at the present time through the stock ownership of
inventories and receivables are turned over at a normal
as
liquid condition.
War economy,
however, requires a greater degree of precaution against contingencies
than is ordinarily deemed necessary," Mr. Davis commented/pointing
out that consideration has been given to the possible use of bank credit
the
rate,
the
to
mission.
George
for the necessities of war/'
sought
was
application
Boston
profit that will permit Borg-Warner to. emerge from
the
for
in
the
for.
Co.
ilar
The
directors
that Canadian Breweries
Brewery, Ltd.—V. 159( p. 444.
announced
Walkerville
Canadian Pacific Lines in
Authority to purchase the physical property and franchises of Wilton
presented
offer for the minority in¬
made an
have until April 29 to accept and those accepting
receive the quarterly dividend of 85,cents per share,
1 on. the preferred stock of Canadian Breweries. ■
Gross
RR.
has
instalments.—
Boston & Maine RR.—Would Acquire Wilton RR.—
post-war
1942 and
over
stated
"it
the
account
a
+
entitled to
January 1— ■■■■.•'
railway—
Net from railway--/—
Net ry. oper. income—
—V. 159, p. 932.
1346.
p.
been elected
From
Borg-Warner Corp.—Annual Report—
After
has
Co.,
/
Canadian Pacific Lines in Maine
r
Gross
to the approval of the Interstate Commerce Com¬
subject
are
159,
its
on
&
shareholders
payable July
February—
Gross from railway
Net from railway——i
Net ry. oper. income—-
159, p. 546.
April
on
Trusth Co.
Smithers
/
it is stated,
company,
will be
.
underwriters.
of
figure.—V.
+3.3%
1,561,456
_
—1.9%
* 1,492,823
Baltimore & Ohio RR.—Awards
.
f Terms
—Zi.—Zzx/v'Z-——x
1,653,787
1,542,646
__
S.
terest in Walkerville Brewery, Ltd., on the basis of 12 shares of Walker¬
for one chare of Canadian Breweries preferred stock.
Walker¬
Change
1,622,025
—Z —_———.
F.
1943
In Cu. Ft. (000 Omitted)
itr
out
prices, and the
1944
of
836.
p.
ville
It was.
control of
Boston Consolidated Gas Co.—Output Up—
159,
Canadian Breweries, Ltd.—Makes Offer for Full Con-*
of Walkerville Concern—
.
...
will be used for the payment and retirement of $2,100,000 face amount
of serial notes, payable to The Equitable Life Assurance Society of the
United
Lawrence,
trol
This
Bond
B.
director.—V.
employees
corporation, it was
"E" Award was presented to
Thompsonville, Conn.—V. 159,
this
year
company's
been
2.959,873
9,510,658
.
Award
plant
Y.,
Earlier
the
of
p. 1347.
N.
29.
employees
Production
15,932,728
14,795,067
Paid-in
The
15,207,526
1,546,852
635,122
——_j.
'//-'-/+
y+
accounts
and
Customers' deposits
Bigelow-Sanford Carpet Co., Inc.—Award—
the
Earnings Higher—
Bush, President, at the annual meeting held on April 3,
said that' earnings are about the same as a year ago, but that net
1943 period.
The traffic department handled 12,000 freight cars dur¬
ing March, the largest volume on record for any month. With oper¬
137,822,293 105,364,729
Liabilities—
Notes
to
according
Terminal Co.—1944
Bush
Irving T.
273,340
were
a
expected,
equipment
Total
the announcement, that this
new
business
will
readily absorb any of the company's productive
capacity that can later be spared from use in the trainer program.
—V. 159, p. 836.
'
•
war.
plant and
Prepaid expenses and .deferred charges, a.
and goodwill
airplanes of its own manufacture, the
large contract from the Douglas Aircraft Co.
for the manufacture of complete major assemblies for a new type of
combat airplane which is expected to aid materially in the winning of
has received
2nd, President, at the annual meeting held on April 3,
the first quarter were moderately above the
profit for the year will be adversely affected by excess profits taxes.
The company may not earn more than $6 a share on the
preferred
stock for the year, he said,
No sale of the London property is con¬
templated, Mr. Bedford said.—V. 159, p. 210.
900^425
Patents
addition to the backlog of
In
25,792,3(66
1,550.807
1942 were approximately $59,000,000,
approximately $126,000,000.
~
company
35,m
—'
—,
during
company's fiscal year of
y
21,673,7*0
900,425
^Property,
pilots, and also two types, of personnel
which are used not only in the United
design
own
10,160,984
28,0.72,795
31,800,548
reserves)—
profits tax —_3,966.259
Miscellaneous, invests. & other properties
263,911
for navigators, bombardiers and
of
(less
Borg-Warner stock (acquired at cost)
Post-war refund. Federal and Canadian excess
in the manufacture of large quantities of twin-engine advanced trainers
transports
receivable
Inventories^.^,.:.——x——_
^
to the
way
25,383,851
6,619,232
securities ,(less reserves)—..—.—';
Notes and accounts
E. T. Bedford,
said that net earnings lor
*
-
substantial
a
certifs. of indebtedness.1
Co.--Earnings Unchanged—
•
$
48,809,623
——_—
Marketable
Bush Terminal Buildings
1942
1943
$
.
,
.
U. S. Treasury notes &
to add to such working capital, in an accumulative manner,
from
J-
-
■
k,
Cash.-
•
amounts
-
■'
Assets—
company's operations are not restricted unusually for this type
of financing. The company agrees to maintain a certain position with
respect to working capital as of the date of the agreement, March 1,
1944,
Consolidated Balance Sheet, <Dec. 81
*
■.'/,
■
The
substantial
*
,
amount
will pay the banks V* of 1% per annum as a stand-by charge
for that portion of the credit not in use.
vy
v<-y
Borrowings will be secured by assignment of proceeds of war pro¬
company
1443
The
prospective refund has been considered
in setting up the income ar;d excess profits tax liability for the year.
Any contingent addition to the amount of refund already set up has
Co. recently sold its interest in Brooklyn Union Gas
Co., represented by 177,940 shares of common stock, 23.87% of the
total
outstanding.
The sale to several large investors, was made
through a banking house.
The annual report of Koppers Co. for
1943 said a reserve of $8,000,000 has been set up against the stock
which
was
carried
in
the balance sheet as
of Dec.
31,
1943, at
been
155, p.
1504.
r.v.-.
+■+
..
.
$10,736,652.
which
of
amount
Potential
been
refunds
taken
Mr. Davis
$50,000,000
into
the
to
account
is the VT type.
Government
through
in
computing
continued, and such
renegotiation
Borg-Warr.er
1943
have
earnings,
a
provided for, along with other contingencies;'in reserves set up
of 1943 earnings.
Renegotiation for 1942 has progressed, without reaching final agree¬
William
out
ment, but the final refund settlement for the year will not change
the previous 1942 earning statement, since contingent
reserves will
take
care
variation in the figures set, up.
beginning of the defense program in
the
has received
consisted
of
material.
war
"Planning for the post-war period has been carried on simultaneously
with
the production of
material during the past year/ Two post¬
war
conferences in Chicago have been attended by 80 of the BorgWarner key men in management, production and engineering.
How¬
ever, in this study and (preparation for post-war,
there will be no
remission by Borg-Warner of its first duty to produce and deliver war
material for the
armed
services."
Int.,
•
Company,
shares
Account for
Calendar Years
1941
1942
profit
$42,953,261 $30,807,098 $27,224,767 $13,461,184
Deprec. and amort, of
plant & equipment—
2,818,954
2,515,872
1,751,951
1,642,985
Development, royalty end
——
other expenses of new
Losses
on
251,221
414,680
49,894
372,119*
sale of securs.
expend,
Prov. for
Net income
560.657
minion
&
inc.
profits taxes
Net income
69,641
132,581
Post-war
refund
$39,883,086 $27,919,107 $24,938,601
11,042,252
excess
of
31,014,536
19,754,315
15,463,552
$8,868,550
—
__
$8,164,792
$9,475,049
3,687,461
2,500,000
4,311,790
2,000,000
$6,73Qi462
offices
with
Net profit
—
dividends
—
Earns,
___
per
com.
share-
10 Adelaide St., East/Toronto, Ont., on
registration statement covering 200,000
$1).
Willis E. Burnside & Co., New.
(par
'.
ii
-
Co.—Pension Plan—
nounced
on
March
<
•
plan
for
its
All contributions to the fund
by the company.
The Chase National Bank of
City of New York has been appointed trustee.—V. 159, p. 1347.
the
ttockholders
at
their
meeting
$7,841,359
3,738,762
$3.36
$7,215,599
4,673,438
$3.00
voted
68%
3,505,070
$3.03
factory, administration and selling expenses, but
before depreciation and sundry charges.
shall have the right to
12
common
shares
held.
i944
1943
1942
1941
$2,845,002
$1,858,282
$1,548,161
1,077,165
432,727
341,958
512,430
723,692
288,102
193,003
6,451,569
2,005,023
5,584,314
1,996,123
3,722,551
3,090,492
749,057
626,314
income—
1,059,876
1,324,775
441,943
338,662
.income—
favor
of
railway
oper.
Protective Committee—
March
on
10,
last,
<
,
authorized William A. Spanier, Addison
and W. F. Wagner to serve as a protective committee for
of Mobile Division 5% first mortgage bonds, Macon & North¬
Warner
Division 5%
5%
first mortgage bonds,
first
mortgage
bonds,
and Middle Georgia & Atlantic
and
to
solicit
authorizations
represent such holders, without the deposit thereof.—V.
Central Hudson Gas & Electric Corp.—12-Cent Div.—
of 12 cents per share has been declared on the no par
stock, payable May l to holders of record March 31.
This
with 17 cents per shars paid on Feb. 1, last, and in each
quarter during 1943.—V. 158, p. 1822.
dividend
A
common
amended plan of
recapitalization, designed to eliminate divi¬
arrears on the 6%
preferred stock, was approved by stockholders
special meeting on March 31.
Under the plan,
each holder of one share of the 6% preferred
stock ($50 par) will receive five shares of a new no-par prior pre¬
ferred stock, entitled to dividends at the rate of 75 cents a share
annually from April 1, 1944.
The new stock will be redeemable at
$13 a share and will be convertible at any time at the rate of two
shares of common stock for each share of preferred,
dend
a
Upon
29
the program, capital will consist of 47,950
and 403,280 shares of common stock, with
reserved for the conversion of preferred
prior preferred
additional shares
.
Stockholders
Stock
of
completion
of
from
also
i
revenue
Operating
Prov.
for
——
expenses,
depreciation-
General
taxes
Federal
income
Fed.
excess
Gross
Int.
taxes-
profits tax._
income
1944—Month—1943
1944—12 Mos.—1943
$1,092,538 $11,711,913 $11,140,156
4,377,416
404,932
£,787,071
128,000
1,537,000
1,536,000
128,500
1,181,328
1,175,819
801,400
857,300
370,965
364,225
1,268,000
1,228,200
$1,125,323
442,276
$2,081,214
642,466
$2,021,318
712,242
$135,896
41,800
$1,438,'748
$1,309,075
501,606
501,606
$94,096
$937,142
$807,469
$183,582
$195,381
53,012
59,485
$130,570
—
& other deducts—
41,800
$88^70
-
approved an increase in the
to 750,000 shares.
authorized common
600,000 shares
five months ended Feb.
properties acquired last
contributing materially to the higher volume.—V, 159, p. 347.
George Burry, President, said sales in the
were sharply
ahead of a year ago, with
year
Central Illinois Light Co.—Earnings—
Period End. Feb. 29—
Gross
Net
income
———
jpivs. on pfd. stock
Balance
—V.
——
L
159, p. 635.
25 Spruce St., New York 7, N., Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
William Dana Seibert, President; William D. R^'gs, Business Manager.
Published twice a week [every Thursday (general news and advertising Issue) with a statistical issue on Monday]. Other
offices* 135 S
La Salle St
Chicaeo 3
HI
(Telenhone* State 0613), in charge of Fred H. Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
1944 W Wmiam B DaL ComDanr
25. ,1942, at the post office at New York. N.- Y , under the Aot 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, Mexico and Cuba. $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa^ $31.00 per year.
NOTE: On account of the fluctuations in the rat*s of exchange, remittances for foreign subscriptions and advertisements must be made in New York funos.
~Th»
Commercial and Financial Chronicle
(Ree
U
S
Patent Office)
to
159, p. 932.
compares
$2.73
-After deduction of
for
942,478
from
Division
in
the'SEC for permission to delist the company's common
stock from the Chicago Stock Exchange.
As of Dec. 31, 1943, there
were 83,706 shares of $10 par common stock outstanding, F. H. Bunte,
President, said during 1943 there was almost no trading in this issue.
—V. 155, p.: 1504.
V-.J-
$6,730,462
4,673,429
ten
applying to
95,900
$7,475,049
1944,
each
for
$3,155,911
oper
holders
to Delist Stock—
annual
April 25,
share
one
railway
The SEC
W.
ern
The
before
or
railway—
from
Gross
(
assumed
Bunte Brothers—Seeks
following his resig¬
From January 1—
in service for 30 years or more now may retire
pension based on length of service.
be
Net
from
who have been
or
a
will
vacation
a
OP A.-
Central of Georgia Ry.—Earnings—
ry.
retirement
from
stock of record April
common
of
February—
Gross from railway——
Net
a
returned
stock (no par) to
The subscription
price is to be determined shortly before the offering is made.—V. 159,
p. 1247.
Net
under
of
on
extent
employees
fund
has assumed his duties as a Vice-President of
plastics sales subsidiary, it was announced
Corp.,
Handy
Rights to Subscribe—
Holders
Net ry.
*.
Handy
Mr.
chief rayon consultant of
as
by this company, John H. Ballard, President, an¬
30.
All employees who have reached 60 years of
trust
stock,
Common
at
underwriter and the price to the public is 57 cents
Proceeds for organization expenses,
working cap¬
named
funds).
pension
shares
Cr2,660,270 Crl,550,807
nation
subscribe
Ltd.—
P.
Celluloid
April 5.
the SEC a
stock
etc. '
A
i
ex¬
profits tax
re¬
411.
p.
Burry Biscuit Corp.—Recapitalization Approved—
Do-
——
Company, ( has
Koppers
An
.—
for conting.
Approp.
cess
&
the
82,709
by
——
Fed.
for
of
has been established
at
Prov.
with
common
Bulova Watch
on ex¬
perimental
work
Marbon Corp.
is
S.
ital,
on
1940
operating profit— $42,743,872 $30,177,031 $26,824,248 $13,236,416
discts. & sundry
209,389
630,067
t 400,519
224,768
products
of
York,
receipts
Total
suggestion
Exploration Development & Mining,
March 28 filed
age
Incdme
1943
*Net
the
at
the Gas company's board.—V. 122,
war
Consolidated
Truman
Celanese
on
Krafft, originally designated for director of the Brooklyn
Co.
Registers With SEC—
(U.
-
Celahese Corp. of America—Vice-Pres. of Subsidiary
the
Davis
Mr.
de
Gas
signed from
Bryhern
orders and orders for essential civilian products
war
$586,858,000,"
ing
Union
of any
1940, Borg-Wairner
total¬
continued.
"Shipment on such orders
during this period has approximated $399,000,000, and there was a
balance of unfilled orders on
March 1,
1944, approximating $187,700,000.
During 1943 approximately 37% of Borg-Warner shipments
"Since
Koppers
William B. Dana Company, Publishers,
Snd-dSs^^matter FSuary
"
'kr
Period End. February—
Operating
revenue.*
Operating expenses
than Fed.
(other
Taxes
income)
138,007
1,669,162
22,702
222,408
210,122
$657,980
8,707
$619,382
6,797
$7,839,212
121,110
Net
income.™
income..
oper.
Non-operating
'■
$7,324,657
889,426
18,318,531
14,197,233
6.42
6.22
ton per mile
frt.(mills)
No.
1,243,583
897,736
363,328
86,384
$3,246,335
1,342,279
$3,421,771
$265,203
$267,130
111,820
!
112,262
'
1,638,813
Total oper.
revs.
208,512,535 131,809,762
__™
Operating Expenses—
way & struct.
ICC
The
March
on
of
$628,000
Jersey—Trustees Notes—
of New
Central Railroad Co.
25 authorized the road to issue at par
promissory notes, consisting of 10 notes
Traffic
not ex¬
Transportation
in the
Miscell.
not in payment
to be purchased
IJi•/' '}
principal amount of $62,800 each, in evidence of, but
of the unpaid portion of the cost of certain equipment
under conditional-sale agreements.—V. 159, p, 348.
expenses™™™-^
Taxes
(other
-
214,960 --—210,468
than FSd.
Net
'$116,435
$1,096,240
368
10,705
Surtax)
$116,803
$1,106,945
399,806
div.
69,998,035
19,678,804
58,632,163
18,241,188
income
32,889,572
28,700
252,000
197,950
$42,573
$455,139
18,928
25,373
227,136
240,026
requir.™
income
stimulated
of
all
~
which
otherwise
Totaled
Than
More
road
During
the
23
:
.
.
stock
common
the
would
company
$93,000.000—an
held.
have
which
amount
a
your
Accrued
this
was
dividend
directors
event
a
for
The
is
The
stockholders
are
that
the
it
Commission
is
assurance
the
it
will
the
authorizes
intention
that
the Commission
issuance
the Board
of
not be
taxable
has been
Com¬
as
to
issue
income
of
filed.'
Newton,
In
the
on
in
will
not
peace
well
as
be
as
in
is
fraught
the
with
function
the
certificates
Co.,
cost
we believe the stockholders
that
and
optimism
in
&
Ohio
has
developed
and
amply justified in having
the future of the C. & O.,"
he said.:
Is no escapin* the fact that the future of even strong
nrnmS
as yours is tied up with the general 'business rlimate'
yt g0Ver*ment" The question of whether and to what exr
in5Lm.nf
T.Amer!ca- there wil1 exist incentives to the public's
p" Ampvf.L 5e1^ Bavi"*« in industrial enterprises is a vital one to
v-hfl
wyUn^er such tax laws as those of the present—
thlL\incentives would be weak/the exigencies of national emergency—
.formuln. e<d urnder
those
-
780,153,957
a
Authorized—
authorized the company to assume
29
obligation
1%%
per
A
statement
revenues
of ^'ar
notes,
•
.
this
company
:
.
in
of
the
Pay Interest Arrears—
interest on the 4%
income debentures totaling
ll'/4% accumu'ated
to Dec.. 31, 1942, and the full 4%
accrued in 1943.
Payment will be
made to debenture holders of record April 22./
,••' ,/• j.-'; 7
The
company
announced that consolidated net income, for 1943,
ppplicab'.e to the payment of interest on the income debentures was
directors on
$1,206,970.—V.
to pay on May 1
15'/4%, including the
April 4 voted
158,
p.
2466.
applicant's
cash
made a net reduction
position, based on
estimated
hand at
10
available, $312,279,000; total
including those mentioned above.
disbursements,
including
$274,618,000; cash balance,
of $26,000,000 in United States Government
.000.
The liability for United States
income and excess profits taxes as of Dec. 31, 1944, is estimated at
$41,500,000, which will he pavabte in ouarterly instalments in 1945.
Becausp of the cxt^ao-dinc1"" demands for cash, the applicant deems
it advisable and necessary that the larger part_.of the funds for the
temporary cash investments
short-term
securities,
Co.—Weekly Output—
Commonwealth Edison
Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended April 1,
1944, showed a 12.8 % increase over the corresponding period of 1943.
Following are the kilowatthour output totals of the past four weeks
Electricity output of the
percentage
comparisons with
last year:
1944
1-™
1943
193.357.000
-
March
25-;
18™™—
March
11™™-™
159, p.
1350.
t
.
W-'
$
Operating expenses __™_
Provision
for
deprecia■
and
tion
General
1,941,549
amortization
)
taxes—)
profits tax_J
taxes
Federal income
Fed.
excess
Gross
\ 6,823,093
6:096,665
$
1944—12 Mos.—1943
$
S
17,015,914 204.076,848 183,683,654
80,555,632
65,268,418
1,845,303 22,953,Q17
f 16,233,988
5,824,790j 10,735,712
[ 31,499,702
22,461.975
15,588,065
9,788,184
28.405,448
5,500,259
3,845,562
1,374.620
42,097,895
16,385,429
42,171,564
16,950,359
928.214
976,813
11,624.720
11.721,917
100,643
158,562
2,039,048
2.797,791
pfd. stk. of subs,
Other deductions
"Net
'
3,440,195
1,339,255
income
Interest
Divs. on
'/.
(& Subs.)—Earns.
1944—Month—1943
18.301.502
revenue
11.5
9.8
9.7
179,332,000
'.//
Commonwealth & Southern Corp.
Period Ended February—
12.8
171,685,000
178,759,000
.
/•;■:. ":;
(M
% Increase
171,347,000
191,421,000
196,287,000
196,728,000
—
"1,335,566 12,048,699 10,701,498
preferred stock of parent corporation.-
income—™;,™
"Before dividends
on
1,072,084
%
Weekly Output—
for 1944, of which the first two months are
months are estimated, shows the following:
the beginning of the period $51,^43,000: total receipts,
Ifst
have
will
Commercial Mackay Corp.—To
The
Outstanding Debt
the applicant has
of series C
v
.
year
,
was
$211,598,000
the
$260,836,000. and total cash
,
are abated, American industry will
Permitted to function vigorously, or its enterprise will be
smothered by the alien philosophy that the individual exists for the
benefit of the State.
Which course our country follows will depend
vn-m vaU
pnd the other citizens of the United States.
And upon this
will depend the future of your investment in the C. & O."
pres?ures
of
and
Osh on
.
the
years
annum,
amount of $2,Government
rounded out half a century of
growth, progress and service to the public, and has a unique record
of paying dividends for 50 consecutive years.
^
V)
Commenting on the outlook for 1944, Mr. Sinek expressed the opinion
that the demand for the company's products and services would be
even
greater than in 1943.—V. 159, p, 1145. •'
•
The
Gross
were
of
rate
«
actual
paid off bank loans in the
During 1943 the company
•
$12,000,000.
h,
President, in releasing the annual report, dis¬
in 1943 did more business than ever before
sales for the year topping $50,000,000,
501,000 and at the end of the year its cash balances and
r ecurities
amounted to $6,946,672 in addition to $2,948,000
Treasury
1942
$2,499,146
$1.81
$1.47
income and for additional
company
gross
March
indebtedness, and in 1944. it will be
$3,900,000 to meet maturing obliga¬
The applicant is also making large
cash expenditures in the purchase of other eauipment.
During the
four-month period ending in March, 1944, it will have purchased out¬
right for cash 40 freight locomotives, 620 hopper cars, and 100 flatcars at a total cost of approximately $9,654,000.
The applicant is also
applying substantial amounts of cash to the improvement and exten¬
sion of its lines of railroad without resort to public financing.
It is
estimated that during the current year roadway projects now under
way
will
require
cash
expenditures of between $8,000,000 and
a recognizable resemblance
are
history,
Week Ended—
$39,275,000 in its publicly-held
required to expend approximately
tions and sinking fund payments.
*
Chesapeake
5tronS.
(n
139,019,909
;
share—™—;™™—_—^
for all Federal taxes on
Sinek,
the
that
its
and
of
roads
the
in
made by Halsey, Stuart &
Inc., and has been accepted.
On this basis the average annual
of the proceeds to the applicant will be approximately 1.70%.
on
-
reserves.
J.
William
closed
report of the
stock¬
complications
product of
war.
Lthe post"wa.r American economy bears
rcormmy in which the
confidence
same
the
contingency
Agent—
During the past seven
and
income
<:Net
Trust,Co,..,has been
March
Earnings—
1943
$2,842,898
;
ICC
159, p. 1349.
proposed notes.—V.
the
issue
to
trustee
April
liability in respect of not
certificates, to be
based
industries engaged in the manufacture of war eauipment,
transportation
and
City Ice & Fuel Co.—
.
32.333,062
136,509.603
Commission states:
oifered for sale through competitive bidding,
and invitations for bids were sent to 69 firms, the bidders being're¬
quired to name the rate of dividends to be borne thereby in multiples
of i/8 of 1%
per annum.
In response thereto six bids representing 27
parties were received. - The best bid, 100.27 and accrued dividends,
,T£e P?shwar inversion problem of the railroads, in the opinion
Mr.
because
^
Reduction
confront the
the
appointed New York paying
$2,200,000 1%% equipment trust certificates dated April
The
it, subject to
to the
the
to
279,729
30,234,608
Manufacturers
The
stock
the
will bear interest at the rate of 134% per annum.
reduction in indebtedness through the use of avail¬
the obtaining of the new money at a favorable cost,
opinion of the Commission, warrants the granting of authority
notes
prospective
1,123,716
exceeding $2,200,000 1%% serial equip¬
issued by the Cleveland Trust Co.. as
trustee, and sold at 100 27 and accrued dividends in connection with
the procurement of certain equipment.
and
Post-War Outlook
of
l-ji—™---
Equipment Trust Certificates
divi¬
denied
strong conviction of the
entitled to some tangible
the
interest at rates of 4
1944"
J'
stock, and in December, Division 4
it
to
bear
funds,
127,512,340
__™.
York Paying
agent for
request for such authority and
ruling,
the
the Interstate
from
This
—V.
securities 'rather than in
in
authority
new
the
paid
than
loans
1,203,359
788,346,101
holders."
-
_.L!
other
paying off the Finance Corporation and bank loans
apply them to the outright purchase of equipment.
and 4',^% per annum, while the
of
purpose
142,017,176
—
™—
332,405
4,341,154
—-——
suiplus-™—p-^f.——-r:
New
surplus account of approximately
management considers more than
be
reconsideration by
dividend,
renewed
:
Total
of
application
the
surplus,
Appropriated surplus
Earned
255.185
44.121,064
or
"
rather
1,910,111
374,455
_-l™™™—^_
liabilities.
Unadjusted credits:„•
Unearned
purpose of paying off this
at 4 or 4V2 %.'P'", 'V
approved and authorized a cash payment of approxi¬
mately $392,500 for five additional locomotives he is currently pur¬
chasing, and, under the conditions mentioned, he did not deem it
wise or desirable to pay cash for a larger number of locomotives.
It is to the advantage of the road to conserve available , funds for
611.785
1,647,841
Total deferred liabilities--™
past earnings that have been withheld and reinvested in
property or applied to the reduction of debt,
Accordihgly an
the
as
on
this
that
to
obtain
issue the
ruled
Notwithstanding
if
to
necessary
Commission to
of the Commission
was
interest
bearing
5,937,967
55,118,276
accrued™'—:——™__„
liability
tax
705,099
630,962
--a-
^
matured
current
Other
8,416,900
y
748,142
5,806,332
unpaid
unpaid
interest accrued
rents
9,937,247
••
ment-trust
"Because
board
payable--™-^--^---A--
Unmatured
093
312.898
payable™--™-™-.
wages
Unmatured
adequate,
evidence
and
accounts
2 301
P03
202/739!o00 211^335^000
balances—.
car-service
accounts
Dividends
.
the proposed
9 901
;
—1
-
-
Interest matured
preference stock for each
distribution of
After
191,433,919 191,433.919
capital stock
on
15,314,708
J.—™
stock-
stock
debt
Miscellaneous
you
stock at the rate of $10 par value of
/ 5,103,315
44,398-
788,346,101 780,153,957
™—
non-cumulative and scrip preference
Audited
this recognition with¬
out its being subject to the impact of Federal income taxes,
"In the light of this situation the board of directors declared a stock
dividend of $76,000,000 to common stockholders payable in new pref¬
it became practicable to grant
1943
t—,
.
—
Common
the earnings
1921-43,
securities.
in
or
4,387,102
™™_„™-™-™_™™_™-_™™
Liabilities-
4%
/:/ '•
"It was sound business," Mr. Newton continued, "to use these funds
to improve the company's properties and strengthen its credit, but
your directors have long felt that you are entitiled to receive tangible
recognition of your interest in these accumulated earnings.
During
cash
in
578.692
223,000
•%.*-
debits
Unadjusted
$60,000,000
years,
571,604
.
7,007,898
assets
assets
Deferred
amounted
either
stockholders
3,021,964
8,055.282
receivable
receivable
current
1,267,670
5,323,698
6,829,579
215,018
37.411
14,228
2,411,457
„™.—,™™—
—
dividends
and
Interest
Rents
Other
the
for
company
trustee
"After providing
V"'""''''
4,339.446
balances
supplies
and
'
58,112,371
7,709,775
121,015
8,556,647
118,411
;™-™—
/
—
(Dr)
—
conductors _r
accounts receivable————
Miscellaneous
Material
operates;
received.
have
stockholders
.
reorganized
1942
1943
receiv. from agents &
Net balance
and State
taxes
the
current
total of $27,818,709
a
indebtedness
equipment, etc.™-™..™— 701,522.855 690.501.640
car-service
and
Traffic
to $605,000,000, and dividends paid
amounted to $401,000,000, about two-thirds of the earnings, he-pointed
out.
This -leaves more than $200,000,000 earned tut not distributed to
it:
Balance Sheet, Dec. 31
--_™.™u,
bills receivable
and
Loans
profits taxes;
excess
property
in
cash, it
$4.25
$4.04
52,425.484
greater than that of
the effective date thereof.
and payable Federal and
to $17,002,574, and the
1939,
Calendar Years—
Special deposits
The balance included other Federal
taxes divided among the several
As compared with dividends of
$3.50 per share paid by the company, the tax bill for 1943 amounted to
$7.92 per share.
^vy/yy.
Mr. Newtcn said the policy of the company looking toward improve¬
ment of
properties or reduction of debt has resulted in paying to
common stockholders lesser amounts in cash dividend than they might '
and
and
merce
$5.79
$4.31
($25 par)-
Traffic and
dend
25,844,831
1,
requirements, acciued
year
1943
amounted
609,710
26,800,739
609,849
26,800,979
$
Funded
.
457,581
610,055
.
Premium
of
32,452,210
26,800,749
Investments in read/
Approximately'29 cents out of every dollar of revenue last year was
for taxes,
which aggregated $60,577,698, or almost twi^e
amount of net income.
More than $48,000,000 was for Federal
share
44,419,162
Comparative General
earmarked
the year
32,641,351
Assets-
the
the
30,852,133
Total
Taxes
other
$29,670,636.'
in
to
the
liabilities over current assets was $10,816,133,
and leaving a net available balance of
/\,;v -V"";
,-y
To liquidate In full the indebtedness of the trust estate as of Dec.
31, 1943, to the Reconstruction Finance Corp. and certain banks, cash
in excess of $48,100,000 will be required.
A reduction of $1,848,082
in annual fixed-interest charges accruing at 4 and 4
would result
from the payment of this indebtedness.
Upon. the. consummation of
the reorganization plan, which, it is expected, will take place about
June 1, 1944, the reorganized company will have
the right to liqui¬
date this indebtedness in full.
In the trustee's opinion it is desirable
to conserve and build up further, if possible, the above-mentioned net
balance of cash on hand, to the end that it may be available to the
of
net
making
proposed
1,138,956
520,582
512,086
506,548
funds
for
Jan.
since
these
to
taxes
Earnings per common
/ '•-
v','-"':
addition
In
The
sh. on com¬
stock
mon
^
'
erence
33,591,166
44,939,744
33,153,437
31,358,680
dividends
Earned per
during 1943,
traffic
war
was
sources
"
*
the
138,151
353,281
stock
preferred
Common
1942."
for
total
.for
49,649
230,597
profit and loss
on
4%
non-cum,
•
States
8,284,234
49,047
_——™
Inc. balance transf,
C. & O.'s total
1942. Total income
was
$216,467,710, the largest in the road's history, representing an
increase of $28,135,824.
Net income was $1,794,757 under the figure
for 1942, the drop resulting from higher taxes, higher wages, and higher
cost of materials,
' In a letter to stockholders embodied in the annual report, Carl E.
Newton, President of the C. & O., stated that shareholders may regard
the reduction in net income "as a further contribution to the war,
because Federal income taxes alpne increased nearly $10,000,000 above
itaxes,
42,063,200
7,804,829
x
Divs.
amounting to $4.25.
trust certificates.
result
Income
53,024,217
49,563
248,189
plan,
reorganization
State
interest, sinking funds, principal maturity, cap¬
accumulations on preferred stock under the
dividend
and
fund,
able
equipment, necessary to support the national program
and war, has been financed by the "issuance of $29,550,000
income from
the
41,459,694
8,008,505
49,669
roads_
new
defense
a
1.146,748
39,111,592
7,349,962
™^™».
debt
away
equipment
As
98.707
1,190,639
Inc.
in
amounts of
r
677,993
1,138.116
;
Disposition of Net Inc.applic. to skg. and
Ry.—Annual Report—
at debt.'
''
1938 to 1943, inclusive, Chesapeake & Ohio
public hands, has been reduced $35,174,000, and annual
interest charges have been cut by more than $2,000,000.
This reduc¬
tion in net debt has taken place in a period when the purchase of large
of
849,084
leased
for
Net
six-year period
debt
for
40,817,745
274,391
.
ital
the
with photographs and pictorial graphs and charts, the
highlights the sustained earnings of the carrier, its dividend
conservative capitalization, and the management's policy of
the
In
51,559,187
a
whittling
net
39,643,584
Misc. deduct: from inc.-
Illustrated
record,
37,216,148
income
Gross income
Rents
$352,253
share earnings on common
per
1,452.273
1,025,502
larger
arranged
to meet the
required
The
21% rise in operating expenses as contrasted with a 15%
gain in operating revenues, the company's annual report shows a 1943
net income of $31,358,680, which is equivalent to $4.04 per share on
common stock:
This compares with $33,153,437 of net income in 1942
report
40,390,975
2,505,968
1,266,011
iDr)
income-
oper.
ry.
other reserve
and
50,319,230
4,706,015
...1,458,784
1 ' 'V".
'vV.'--
-'
•
Interest on
$65,818
Chesapeake & Ohio
Despite
£6,396,354
6,059,731
1,733,155
1,046.360
oper.
Other income
159, p. 1144.
—V.
86,394,706
49,993,352
rents (net)
Dividend
459,613
income.™
Net
Preferred
"/.*'
$1,009,816
45,530
/; 33,000
—
60,577,698
facil. rents, net
Net
$123,615
(Nor¬
taxes
and
93,467,271
accruals-
393
24,797
inc.
mal
74,088,009
(55.82% >
tax
Railway
Jt.
$1,009,423
Deductions
Fed.
80,239,299
(53.41% )
revenues—
oper.
Equip,
528
incoma_—
Cross
Net
Railway
263,508
v
$123,087
incomeincome——
oper.
Non-opcr.
286,926
29,581
<29,640
income)
95,415,056
(52.48%)
._
the
has
Co. of Chicago for the
Trust
&
62,808
115,045,265
(55.1V/c)
exps.
oper,
Operating ratio
$3,231,373 $3,164,544
.1,848,207 1 1,891,613
$356,484
$367,687
revenues™
155,463
v™™-,/
Transp. for invest, (Cr)
1944—12 Mos.—1943 ;
1944-Month—1943
Period End. February—
Oper.
5,021,253
—™
Total
Qper.
49,028,668^
1,290,215
—
operations
General
Corp.—Earnings—
Public Service
Central Vermont
14,221,027 12,303,197
25,523,449 24,709 551
2,630,546"
2,557,874 v 2,507,650
41,728,214 34,181,061 30,900.070
821,958
448,318
363.076
3,786,248
3,463,034
3,367,273
equipment
35,358,969
™™™™™„„_':.; 2,617,247
Of
Maint,
159>237i334 i32,720,172
conditional
the trustee among
caused to be made by
canvass
a
Chicago banks and one bank in Minneapolis,
with the Continental Illinois National Bank
financing of the purchase of the loco¬
motives by means of the conditional sale agreement at the interest
rate of 1%%
per annum, and for the assignment of the manufac¬
turer's interest therein to the bank under an assignment agreement
to be dated as of Feb. 17,
1944.
The above-mentioned arrangement,
in the trustee's opinion, provides for a lower rate of interest than is
obtainable elsewhere and is more advantageous to the trust estate
than any other
available method of financing.
■;;■.i'
—As of Dec. 31, 1943, the road's cash and Government securities on
hand amounted to $106,222,7,94.
Of this amount, $48,733,449 will be
of
he
Minn.,
15,850,251
30,547,841
21,728,913
the unpaid
r.-.;
,
,
.
of
result
a
several
.
*
Maint. of
ceeding
purchase
sale agreement.
.
,
at par of not exceed¬
of promissory notes in further evidence of
price of certain equipment acquired under/-a
ing $1,894,500
1940
/// 1943
1942 ';/*./ 1941
$ 'rv
$
i>
-''j
Operating Revenues—
124,488 512
179,128,129 163,970,199 140.222,032
Freight traffic'
3,371,349
21,669,414
11,493,584
4,831,741
Passenger traffic /
•1,130.818
1,373,274
1.200,684
1,175,952
Transportation of mail
382,211
754.898
628,340
365,232
Transport, of express™
3,347,280
5,586,811
4,516,955. 3,642,376
Miscellaneous
14 authorized the issuance
March
ICC on
The
Calendar Years
Income Account for
General
Railway—Trustee Notes—
Chicago & North Western
6.05.
1,989,274 < 1.589,400
247,747,365 174.465.764
1.950 cts.
1,932 cts.
6,591,692
3,548,058
carried
of pass. car. 1 mile.l, 117,774,296 545,365,245
1.939 cts.
2.108 cts.
rev. per pass, per in.
of pass,
No-,
953,620
72,035
37,215
requir.™
1144.
(tons)
,
74,026
and exp,
div.
—V. 159, p.
21,114,618
6.50
granting of the
'
141,581
ainoruz.!
income
.Preferred
23,481,683
warrant the
of the new money, in our opinion
authority sought.—V. 159, p. 1349.
cost
favorable
the
from all rev.
2,081,418
175,773
74,263
ol
60,614,145
■
profits tax
diet,
of debt
Net
2,2X7,650
185,640
Acceleration
carried
Av.
$626,179,:'$7,960,322
$666,687
excess
65,117,971
freight
revenue
$7,440,929
(normal
Surtax»
&
Fed.
3,122
73,768,808
As
™™™™'_/
Tax
Inc.
3,043
77,993,694
(tons)
Av. rev. per
116,272
"'
'
income.......
Gross
Deductions
Fed.
•'
,;•*
■
Other
1,655,702
15,817
Portland
lease—.™
RR.
carried
coke
and
coal
Revenue
138,916
™™.™—™
under
Rental
3,030
3,118
Average mileage oper.™
609.361
™
the
medium of an
1940
1941
1942
1943
acquisition of the locomotives described above be provided through
equipment trust.
' ' . :
The continued
reduction in the applicant's debt and the use of
available funds for the other purposes mentioned above, together with
Years
for Calendar
Statistics
Traffic
Co.—Earnings—
1944--Month—1943 1944—12 Mos.—1943
$1,428,959 $1,377,676 $16,911,097. $16,176,931
6,986,450
7,180,315,
664,470
Central Maine Power
Monday, April 10, 1944
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1444
output of electric energy of subsidiaries
of this corporation,
adjusted to show general business conditions of
territory served, for the week ended March 30, 1944, amounted to
251,515,089 as compared with 230,544,754 for the corresponding week
in 1943, an increase of 20,970,335, or 9.10%V. 159, p. 1350.
The
weekly
kilowatt-hour
Carp.—Preferred Stock Offered—
headed by Eastman, Dillon &
Co., on April 6 offered 40,000 shares (no par) $4.75
cumulative preferred stock at $97.50 per share.
Sinking fund payments of $30,000 on Oct. 31, 1944, and on each
April 30 and Oct. 31 thereafter, to and including Oct. 31, 1952, and
of $80,000 on each April 30 and Oct. 31 thereafter, to be applied to
the purchase or redemption of the preferred stock.
Preferred stock
purchased or redeemed otherwise than through the operation of the
sinking fund
mav
be credited against sinking fund requirements.
Redeemable at the option of the corporation, as a whole or in part,
at anv time upon at least 30 days' notice by mail, at $100 per share,
phis accrued dividends, and plus a premium of $2.50 per share if
redeemed prior to .April 1, 1948, and $1.25 per share if redeemed on
after April 1,
1948, but, prior to April 1, 1951; and at $100 per
share, plus accrued dividends, if redeemed on or after April. 1,. 1351.
h
Consolidated Cigar
An*,
underwriting group
,
or
Volume
1
*
159
Number 4271
THE COMMERCIAL & FINANCIAL CHRONICLE
Also
redeemable through ttm operation of the sinking fund upon at
least. 30 days' notice by mail at $100 per share, plus accrued dividends.
Purpose—The
other
funds
May 19,
net
of
proceeds
of
be
to
are
at
applied
$105
at
share
per
and
The
corporation
manufacturing
incorporated
and
subsidiaries
selling
and
May
The
14,
1919,
in
the
in
principal
Dutch
are
and
El
The
Sidejo.
El
Masters,
Producto.u La
various
brands
Palina,
Harvester,
Poughkeepsie,
established
N.
Y.
West
at
Pittstor.,
Underwriters—The
underwritten
amounts
by
them
Eastman, Dillon & Co
A.
Becker &
G.
H. M.
con¬
year
respectively,
Noyes
500
Pair.e,
Curtis
Langley & Co.—— 2,250
Brothers;,—
4,000
Piper,
Lehman
Loewi
<fc
Co..,———
McDonald-Coolidge
Merrill
Lynch, Pierce,
Beane—
&
ner
Consolidated
Income
Account,
Years
Ended
Sales,
less
Cost
returns,
— .———,
sales
of
Selling,
—
general
Provision
Net
etc.
for
bad
_
500
p.
Total
.67,084
Federal
income
declared
Federal
$4,303,821
$2,342,450
refund
income
(in
143,420
Preferred
839,074
36,000
397;
series
tax
C,
360,655
443,045
443,045
69,682
153,013
375,000
Sheet,
Dec. 31,
hand,
on
$4,179,135;
S.
Treasury
accounts receivable—customers,
receivable
and
advances,
1943
1943
$606,412;
expenditure
1944
on
leaf
U.< S.
tobacco,
$2,401,083;
last
due
$9,236,941;
tobacco in process of packing
crops,
Treasury
1944, $701,miscellaneous accounts
notes,
$1,658,412;
$45,960;
$311,584; cigars,
investments
advances,
property,
plant and
equipment
(less
reserve
for depre¬
$1,190,519), $1,486,819; deferred charges and prepaid ex¬
penses, $252,524;
leased machinery, $1; goodwill, brands and trade¬
marks, $1; total, $22,101,125.
"•
«
of
^
Liabilities—Accounts
accrued,
$56,183;
1944,
dividend
$56,925;
$62,013;
provision
prior
on
for
,
V
value.—V.
par
159,
preferred
Federal
and
payable Feb. 1,
$2,965,207;
stock
State
taxes,
$58,257,706 $53,183,948
plus, $4,556,435;
total, $22,101,125.-
stockholders
certificate
April
on
3
'
.
approved
incorporation
of
dividend
a
share,
not
and
plan
would
than
more
of
approved
share
a
by
the
contemplated.—V.
159,
will
share
a
$100
permit
1350.
the
to
com¬
more "than
or
share
plus
$5
dollar
the
a
a
.premium
^ '
__
Period End. Feb.—
Electric
Gas
oper.
revs
oper.
Steam
$6,628,140
2,235,271
——
heating op.
1944—12 Mos.—1943"
1944—2 Mos—1943
$7,039,941
revs.——,
oper.
11,665,913
Operating
1,043,076
Operating income
Other income———
Gross
&
Int.
/
30,889,539
24,854,882
976,079
5,532,513
1,455,403
2,209,612
6,851,255
4,514,874
9,318.979
$1,464,040
$1,529,731
$3,781,689
$12,246,037
4,710,757
$811,005
$7,755,774
„
100,040
income—-V..of
amort,
on
Other
deductions
$1,629,771
$1,571,831
"••••••
-J'd-r 397,697
prem.
!j. 4;"
$9,424,651 $10,319,522
401,153
28.184
818,904
642,90^
2,417,969
2.397,817
285,389
3,424,818
Net
■
income
22,371
740,413
$525,616
$3,457,661
$4,330,956
unit
a
not
feet
of
annual
first
$1,145,980
$1,203,246
$6,286,421
of
1943, he
held on April
35.5%. above the
This is a slight de¬
The difference from
were
6%.
added.
price,
however, but mainly a matter
and containers being shipped, he
boxes
—V.
153.
$0.80
$0.35
$4.23
:$4.22
838.
p.
159,
York Trust
has been
Co.,
1145.
p.
-
159,'p. 1145.
&
•
-
announced
31
Continental
now
that
Foundry
the
&
:
"
Consolidated Edison Co. of New York, Inc.—Output—
The-company-on- April 5 announced system output of electricity
(electricity generated and purchased) for the week ended April 2, 1944,
the
to
corresponding
tribution
of
19.8%:
in
changed
since
the. net
emergency.—V,
159,
of
compared
1913,
with 171,632,000 kwh. for
increase of 18.7%.
Local dis¬
an
to employees by th's company, whrh was re¬
shows that 1,545 employees went into military
during 194.3.
By April 1/1944, the total number of employees
military service numbered 3,835, of which 37 are women.
.""T Z
The
report says that there were 24,752 active employees of 'the
report
April
6,
service
in
,
system companies at the end of the year, a decrease of 3,264, or 11,7%.
addition to military leaves, 2,137 employees were cn war-time'l^ave
refund
covered
was
by
-
Co.—Results for
devote
their
skills
to
production
ployees left on special merchant
of
war
marine
materials.% Sixty-one
time
in
$41.55
from
in
pay
Labor
the
and
Board
1942
to
average
also an
resulting
$47.32
in
leave of
1943.
weekly wage
award of pay
from
Net
for
taxes,
net
Total
this
in
The
the
^Gross
■>155,899
;
'
2,446,115
11.301,626
Crl24,075
-
l"i-1ffL^11:0^2,297
One
was
a
reason
marked
increases, by
negotiations
between
the
for
increase
the
the
large
in
sharfy 514,864 shares cofnnfifoh Wk 1
provision for income
taxea
$1.85
ivks'$338,75'^,' less $182,802
$2.25
excess
a
tlnrluding $787,734 for
Note—Preliminary
the Federal excess
of
the
profits tax
Regional
union
and
been
with
had
representatives
employees
not contemplate anv claim
it is stated:'"No renegotiation p'>vments were
the
of
against
the company,"
reouired
profit,
from
the
management
does
business,
"Excellent production"ecords were
both divisions of the
company during 1943, combined sales volume being approximately- 99%
of the record year 1241," S. E. Bramer, President, states in his letter
to
company
stockholders.;—V.
Income
features
the
average
dollar
of
(revenue of
dcllar
"25.2 cents of each
Account
2,789,542
9,043,686
.
6,240,570
158,
on
of 1942
made by
account
2043.
p.
Cornell-Dubilier Electric
538,433
518,73")
510,111
14,531,299
11,460,621
9,690.190
122,629
111,650
86,823
68,803
,203,627
1,157,635
1,010,352
944;535
59,453
expenses
for
invest.,
40,564
$11,402,697
$7,831,850
Cr
revenues—'
$13,597,027 $15,716,185
accruals--
2,536.891
4,639,712
2,°37.675
:* Equipment rents,
net—
Joint fac. rents, net, Dr
Cr256,050
Dr432,290
Dr395,9G4
183,725
220.264
171,323
$11,132,4e0 $10,423,918
8,497,733
$5,619,258
Drll,214
Crll5,804
>8.488,521
$5,735,062
Net
ry.
rnc.^L
oper.
Non-oper., income,
Inc.
avail,
for
leased' line
Rent
for
on
on
net- Cr2,223,364
int.
&
i..
rentals..
leased
of
1,756,061
1,776.261
2,139,116
1,997,941
2,005,000
1,464,722
1,464,723
1,440,498
969,365
121,367
267,601
222,006
$3,024,420
$762,430
from
of
exp.
114.362
fund.
income
11,138
—
$8,004,630
—
General
%
<
.
-A—--i—--
debt
March
Corp.—Registers With SEC—
filed
30
registration
a
Crown Drug Co.- -March Sales Up
$4,775,709
Balance
Sheet,
Dec. 31
1943
—V.
—
—v,——
$833,452
$962,297
-
,
Net
cash
and
Material
accounts
and
Interest
$5,166,602
Cudahy Packing Co.—New Financing Reported—
reported,
is
plans
reported about ready to file with the SEC a new
first mortgage bonds.
In addition company, it" is
the
private
placement
of
$3,500,000
running
to
1951. "-The proceeds from sale of
be
used
to
replace
of
1950.
outstanding
Halsey,. StUart. &
underwriter.—V.
159,
p.
Co.,
1038.
first
Inc.,
balances, Dr
agents &
conductors.
Other
current
assets
Rents
receivable
Deferred
754,149
999,591
receivable—i—
10.791
•,
3,876,911
i
13,751
42.84G
——.
30,230
299,642
4,412,210
——ue_—.
dividends
4
1,077,766
372,913'
receivable—
supplies
and
2,009,000
h
4
.30,060
1,310.973
—
'
7.788,579
191.000
:
■
i—:
—
•
receiv., from
Miscellaneous
79,645
6,600
assets
2,869,101
Unadjusted debits
700,243
.
494,255
279,674
129,341,481
127,019,836
28.473 019
23 473.019
73,054, 310-
83 ,258,500
—
'i!—
term
Audited
the
serial obligations
new
shares
com.
and
accounts
Interest
"
.■"!
'
(515,740
of
no
pari-
debt—————i
Miscellaneous
matured
2,714, 744
payable
payable-—!-:-———:
wages
accounts
interest
rents
,793,355
36, 671
unpaid—
Unmatured
9,854
89, 203
accrucd
95,946
271. 356
ii-,—L_-A—
accrued—
379.870
152, 300
160.361
1L__
1,629, 327
,522,834
Other/,current:'liabilitie»s>^^L-'~wr!^.i'L—%>*i**-i
1,039, 376
,137,938
Accrued
Deferred
1
-—v.-i'
liability-
tax
liabilities
3,819, 742
Unadjusted credits
Corporate surplus
,985,477
ln,4°3, 037
-
15 990,021
Drl,565, 655Dfll 787,341
securities would
33,4s of 1955 and converfcivle 4s
it is said, will be the principal
'
(• Ji
129,341,481
—V0t159,~ir933r"~"""""~""""
127,019,836
Denver & Salt Lake Ry.—EarningsFebruary— '
Gross
from
railway—
Net from radway_—,«
Net
1941
$176,141
$165,726
86,857
42,383
35:376
92,260
65,663
55,146
1943
28,117
v
income—
oper.
ry.
1942-
$262,912
1944
$258,212
.
;
,.
49,911
,
-
From January 1—
Gross
from
from
railway—
£59,154
394 4«7
459.445
559.067
radway———
120,749
192.500
154.960
119.714
income—
161.987
218,452
195,497
160,142
oper.
ry.
—V.
159,
1146.
p.
;"
■>.
Detroit-Michigan Stove Co.—10-Cent Dividend—
dividend
A
stock,
V.
159.
of
10
cents
per
payable April
$1,
par
distributions
made
were
share has been declared on the common
to holders of record April 5.
Similar
15
April 10, July 31 and Oct. 20,
on
last year.—
108.
p.
Dominguez Oil Fields Co. (Del.), Los Angeles, Calif.—
Remctyal of President Sought—
on'the
Efforts
mond
in
a
for
$14,000,000
investments
car-service
balance
?ve
the
by
annual
organized
The
land
the
has been
financed
the
Mr.
directors
the
to
company
the
unseat
Harris
Ham¬
have been disclosed
soliciting
a
said
he
and
shares
of
around 32%.'—V.
in
aM
hjs
the
Los
its
their
proxies
whose operations
in io?5.
He
inception
Exploration
company in
varying interest in
fields
company,
since
Burnham
of California
outstanding
own
of
stockholders
President of
the
Dominguez oil
Hammond
400.000
York
to
Dominguez
owns
th° Uni^n Cil C«.
directors
New
director
the Los Angeles Basin,
and
company
in
a
Hammond
meeting on April 19,
to
into
of
and
Mr.
Hammond
confined
absorbed
part
President
as
letter
Mr.
company
S
110,110,245
5,655,394
Traffic
-
1944—6 Mos—1943
$5,643,068
159, p. 1038.
of
1942
$
112,945,746
deposits -i.
Special
statement
15.4%—
1944—Month—1943
Period End. Mar. 31*—
Bales'
131,973
2,027,999,
debt---
advances
Dr 188,353
1,812.780
Dr267,838
=,
,
$13,355,824 $10,235,565
1,732,971
1,734,651»
road—
funded
'.'.Del.
Hudson Co—
Int.,.on unfunded debt-.
Net
with the
Securities and Exchange Commimssion covering 20.000 shares .(no par)
cumulative preferred sto.ck, series A, and naming Eastman. Dillon &
Co., as the principal underwriter.
Proceeds from the sale of the stock
will be iMded to working capital for general corporate purposes in¬
cluding the carrying of inventories and accounts receivable, and, from
time- to time, the acquisition of additional machinery and equipment.
Gross sales in 1943 were in excess of $22,000,000.—V. 159, p. 734.
on
4,980,842
554,689
Transp.
tax
1940
$26,775 310
3,510,144
4,543,325
.732,121
exps.__
operations
oper.
Years
1941
,667,101
expenses
Railway
$.0214
$1,845.50
,
$45,642,213 $34,170,493
,272,939
equipment—
Calendar
for
1942
,150,134
& struct.
way
r^neral
Net
The
1943, showing that
of
War
the
salaries and pensions paid to employees of Consolidated
Companies in 1943 amounted to $73,558,0C0.
Included
$545,C00 for military leave allowances.
to
Maint.
Department Price! Adjustment Eoard with respect to re¬
negotiation of the company's 1943 war contracts. "In view of the low
War
wages,
was
$.0213
$1,872.39
after deduct¬
:
have
conferences
over¬
System
report
$.0223
$3,264.00
—_
Unmatured
$1,268,564
prior yfeai" recoverable because of unused excess
profits tax credit for 1943 or a net provision >of $155,899.-;
v
issue
system companies in
$.0231
$4,190.00
per
revenues
of
Long
1,208,196
;
earnings
profits taxes paid for
absence.
companies.
Edison
698,409
45,393,917
Liabilities—
"1942
1943
adjustments applicable to prior years—
Earnings per
(em¬
The average weekly pay, including overtime, of employees on the
weekly payroll of the Consolidated Edison System Companies increased
increase
718,162
45,958,962
1943
1943-
.*
Earnings after all charges and depreciationProvision
■
999
—
In
to
'''1
1,118
1,299
1,104,396
i_l_
Temporary
$3^,622:430 $29,434,495
CorppjE-ation
on
$29,058
per
Capital stock
;%'v:•
Report to Employees—
annual
leased
$.00850
$37,862
Cash
Renegotiation—
1037.
p.
Copperweld Steel
amounted to 202,446,000 kwh., compared with
for-the corresponding week of last year, an increase
:
Issues
The
week
$.00814
$50,447
74,767,926
Comparative
'Net
electricity
169,045,C00 kwh.
of
kwh.,
203,719,000
5,457.216,785 3,946,734,905 2,891,302,367
'■>
$.00785
mile..;
per
of
159,
report disclbses
that
renegotiation
of
1942
profits
gross refund of $4,000,000.
Net profit for 1942; however,
1940
19,680,097
1,366,534
name
Co.—V.
Machine
24,751,377
92,788,658
Operating
;
corporate
1.941
31,367,753
1,452
car.
road
Net
Years
carried
rev.
mile
Calendar
1942
tons
pass.
pass,
in
Co.—Change
Steel, Foundry
'
March
on
for
$52,676
mile
Int.
annual
not
this
=
•
Average amt.
.;
President of the New
margin
amounting
pass,
Total
Net
%
:
equal'to
profits
Broadcasting
$.00769
„
,
$6,200,054
share—
Earns, per com.
of
Miscell.
meeting
quarter
increase
of
one
the
at
the
for
Sales Up—
provision for
post-war adjustments and contingencies.''
:
B.; B. Williams, Chairman, and Gordon Lefebvre, President, said
1943
sales of
$43,238,730. which are after provisiort for estimated
adjustment upon renegotiation, exceeded adjusted net sales for 1942
of $28,564,702, by 50%
and were three times greater than in 1941. Additions to plant and equipment during the year
amounted to
$369,756,
of which
$337,253 is subject to amortization
during the
war
World
the
Assets—
resulted
1,701,500
——
—
of
?,•
■
$204,563,
totaled
higher sales and
"
op._
in
3,424,817
.
ing debt retirement credit of $87,526,
.
'
_
Statistics
freight)_
No.
$7,535,260
Cooper Bessemer Corp.—1942
was
v,
per
road
No.
4,710,777
quarter of
is
Voted—
The
$9,500,617
107,821
i-'--A—
Taxes
:
4,454,316
the
Summer
Investments
923,950
1.032,234
—
1943
of
of
last
5,817,059,668
per
rev.
mile
1
$12,466,531
285,389 %;
Roll
is
Part
1038.
p.
mile-
per
7.851,245
390,122
President,
Bierwirth,
company
•
Larger*-*
car'd
rec.
3,072,290
$1,201,127
sales
director.—V.
company
quarter
32,945,831
tons
Freight
1145.
P.
be
car'd
mile
3,130,013
$9,169,733 $52,104,596 $43,189,352
5,767,613
expenses—
Depreciation
of
10,201,716
$462,581
final
Continental
10,798,623
319,946
..
$9,719,295
revs
159,
frt.)
frev.
390,417
Calendar Years—
Total
tons
ton
$31,396,001 $36,461,775
2,221,653
344,033
revs.
of
[
Director-^*
E.
first
share.
1943
No.
Trainl'ds
*
a
...
,
acquisition
Traffic
7,486,824
Corp. of America—1944
square
a
Consolidated Gas Electric Light & Power Co. of Bait.
-—Earnings—
the
>
3,081,883
the
of
accrued dividends,
accoi'dlhg' to the
A sinking fund arrangeriieht also is
•
5
'■
directors.
p.
$4.75
at
and
•''
Traffic
volume
or
Name
meetings
Delaware & Hudson RR. Corp.—Annual Report—
6,835,726
fefee Continental Roll & Steel Foundry Co., below.—V.
this
amendment
an
which
than
redeemable
be
$8
less
not
the
in
common
Inc.-*V.
Amort,
issuance of
40,000 shares of new preferred stock which is intended to replace 38,162
shares of GVi'U preferred stock now outstanding.
The new issue would
have
a
reflects
...
New Stock Authorized—
The
profit
cents
System,
19,445,669
Continental Foundry & Machine Co.—New Name—
The
pany's
Net
53
year
3,236,923
t f
,
22,386,797
3% %
sinking fund debentures due July 1, 1953, $7,000,000; reserve for
contingencies, $210,383; 6V2',; cumulative prior preferred stock, $3,816,*
200; common stock, $2,775,000; capital surplus, $137,500; earned sur¬
annual
Sales in the first'three months of this year approximated $3,400,000,
net
profit was in the neighborhood of $250,000, Jack Kapp,
President, stated following the annual meeting.
Int.
.
or
subsidiaries,
933.
p.
plant.—V. 159, p. 1145.
f
1,592,102!
...
1,749,529
-
—.
reflecting
from
elected
calls
emplo/ees
its
while
1944—12 Mos.—1943
652,782
Paepcke,
period,
year's
John
•
'
.
bilities,
P.
New
,
payable—trade, $406,405; salaries and wages
accrued, $58,872; miscellaneous accrued lia¬
taxes
been
Shortages of waste paper and pulpwood are becoming increasingly
serious mainly - because about one-third of the 2,000,000 tons of con¬
tainers annually sent overseas cannot be salvaged, he said.
and
not
or
all
Decca Records, Inc.—Quarter Net
of
839.
that
tons
of
One
oppose.
ar£
The; corporation on March 30 announced the separation of its Buffalo
into two operating units, effective immediately, to
operating efficiency,
Charles W. France will continue as
General Manager of. the airport factory, to be known as the Buffalo
plant, John J. Lee, former Works Manager of the plants, will become
General Manager of the Kenmore factory, to be known as the Ken-
567,290
1—. 57},415
stock
pfd.
of
—
explained.
supplies,
(at cost)
and
of
$314,057;
ciation
has
—
p.
stated
who
company
reports
159,
to
increase
1
1,695,805
—1
pfd.
etc.
Walter
3
the
of
be held on April
minority stockholder
to
a
airplane division
Average
$5,056,323
deduqs._
Container
375,000
U.
$25
1,893,354
$747,970
on
159,
directors
verbatim
stockholders.—V.
all
to
Transportation
154,973
555,000
Balance
$906,800;
-f-
$1,455,677
crease
notes,
meeting
stockholders
common
shares of
common
income
Balance
32,000
$1,388,353
meeting
Curtiss-Wright Corp.—Divides Division Into Two Units
Maint.
—
and
\
14,669
—
banks
in
other
stock,
dividends.-.
Consolidated
Assets—Cash
special
a
1944—Month—1943
profits tax.J
Amortization
of
60,000
dividend-—
'■
Co.—Earnings—
depreciation—
Dividends
1,831.500
dividend—'
stock
and
preferred
stock
of
$5,352,683
taxes.',—
and
Net
593,000
$1,443,489
stock
Common
f-
$1,138,387
93,606
748,500
credit)—
stock
sent
1
$2,174,283
$2,481,517
284,258
tax———
preferred
complete
Pass.
$4,367,746
income—
Prior
that
other
No.
excess
—V.
Net
the
six
management
vote on a proposed increase in the authorized
shares from 675,000 shares.
There are cur¬
to
Federal income taxes
Fed.
the.anmiaj
least
at
the
(rev.
for
of
with
$5,083,604
,,
Prov,
1943)
(net
election
825,000
47,190
profits taxtax
$5,239,558
>'J»**
$2,127,093
139,066
charges.—
and
excess
profits
excess
post-war
State
tax
value
Co.
26
to
outstanding 454,292
General
68,970
*—_—_
other
Coal
April
stock
Operating expenses
11,419,434
63,925
and
$1,062,802
;
shares
necessary
Gross ..revenue
1941
18,934
Co.—Opposes Proposed Changes—
for
stock
the
Period Ended February
$16,955,860
the
more
.
•'
Consumers Power
31
statement
connected
1944—3 Mos.—1943
500
3,340,363
—
interest
for
5.
1,500
-----
income— -—*
$2,177,093
;
common
provide
Consolidation
Int.
Gross
1944—Month—1S43
1037.
p.
Coal
rently
3,084,830
for
'
2,250
2,805,030
profit-—
income
group
159, p. 1350.
tion
exps._
debts
operating
Other
admin.
and
The
500
—
1942
con¬
group
company
To
——„
$22,129,141 $19,800,441
15,001,355
14,306,077
of
$904,000
insurance
for each employee insured.
the premium cost of the
has, entered into a contract to purchase operating
coal properties of Union Collieries Co. for 185,000 shares of Consolida¬
500
Dec.
and
wages
500
.
Inc.—.;'—
Co.l,
&
1943
.
The
500
,
called
Witter
in
Consolidation Coal Co., Inc.—To Buy Coal Properties—
in Capitalization Proposed—
common
Dean
paid
under
$89,000,000
of $3,227
the' employees paid $474,000.—V.
? V, f
1,750
Tracy,
employees
Increase
1,250
——
1,250
.
159,
1,750
Rogers &
than
average
Sales ' —————A—
Hopwood_
&
activ
indicates
Period End. Mar. 31—
&
Stein Bros. & Boyce__
Stix & Co
Fen—
———
&
1.500
Co.—
&
Jackson
;
an
companies
Co.,,——
Jaffray
Riter
500
———.
Webber,
is
■
500
Co.-,——_
Mulianey, Ross & Co
Maynard H. Murch & Co.—
1,750
Co.-1— 2,500
&
Milwauxee
Moore, Leonard & Lynch..—
1,750..
„
;r
several
Merrill, Turben & Co._
Tne
to
Consolidated Retail Stores, Inc.—March Sales—
■\
follows:
as
2,250
Charles Clark & Co.—.,—
Ferris
6z
Hardgrove.______
C.
are
payments
also
for-more
This
system
—V.
the
total
report
insurance and
•
underwriters and
Publishing
proxy
gives notice of two resolutions introduced by
which
the management asks the 'stockholders
summary
insured
tracts;
being
is
Curtis
The
19
to
the
are
Lovera
plant
8,000
_
Co.—
Republic. Co., Inc.—
Hemphill,
'.•
■
several
Byllesby & Co., Inc,__" 1,750
Central
W.
Pa.
of the
names
manufacturing
in*,,
to
wages
These
collections
from
the
pay
of
employees
$7,197,000 for the year 1943.
of the employees' security and welfare program of
the system companies it is pointed out that employees and pensioners
of
additional
An
for
went
non-residents.
In
its-subsidiaries are generally
up" cigars, the prices being determined by blends and sizes.
Corporation manufactures all of the cigars sold by it and its sub¬
sidiaries.
The manufacturing plants are located at
Philadelphia, Lan¬
caster, Coplay and Alientown, Pa., Camden and Perth Amboy, N. J.,
and
the
of
The
amounted
cigars sold by the corporation
known as -'6c," "10c" and "lie and
and
cents
withhold from employees
on
the
and its subsidiaries, the net dollar sales of which
approximately 95%
of total-net dollar sales for the
stituted
17.7
that the companies are required
and send to the appropriate agencies Fed¬
eral income and social security taxes and New York State income taxes
Dela¬
of
6%
salaries.
to
business
brands
corporation
1943,
within
The
engaged
are
cigars.
arid
report says the taxes of the system companies again showed an
increase, the tctal tax bill for 1943 being $65,856,000.
This amount is
aggregate
required to be paid upon such redemption is $4,081,425.90.
was
employees
The
cumulative
dividends.
to
wages,
vestors."
with
the. redemption on
to
for
went
together
$3,727,608)
1944, of the 38,162 outstanding shares of its
Business—Corporation
ware.
(estimated
corporation,
prior preferred stock
amount
1445
<
•
.
Co.,
2,Jeo
acres
of oil and
Angeles County,
the Fhell
family
was
gas
operated by
OH Co.
owned about 13%
of the
while the New York
cvrtrmny,
151. p. 3234.
which
i937.
COMMERCIAL & FINANCIAL
THE
Monday, April 10, 1944
CHRONICLE
1446
railway
from
Net
Net
railway^—
from
income—
oper.
ry.
From January
Net
income—
oper.
ry.
1038.
"Deficit.—V, 159, p.
of operation
deplet. and utility retire.
Selling, gen. and adminlst. expenses
holders)
paid for security
Operating profit
Other
amort.;
Deduction s
10,244,267
280,100
and surtax
State
to
—
taxes
income
Prov,
732,256
Cr825,739
1,108,729
1,122,414
$14.13
$12,86
$12.66
f
B
e
$5.51
$5.38
affiliated
(at costi——
companies—
1942
Inventories
Sundry
$
,
:
185,824
-
Liabilities
Deferred credits
at The Cleveland Co.,
or
i 371,699
56,819,000
60,174,000
5,513,582
—
-—...
——
—
4,963,887
11,973,355
37,018,651
10,863,607
2,533,333
Capital surplus
"
37,413,800
37,018,651
profit
'
1146.
2,533,333
186,442,986 187,874,964
—V.Ot159,~p7~1350.
~•
Directors'
Ry.—New
Street
;
management's slate of directors to be voted on at the annual
meeting of shareholders to be held April 24, contains five new names,
viz.: L. Sherman Adams^ John I. Donovan, Frederic C. Dumaine, Jr.,
James H. Orr and William B. Snow, Jr.
Hubbard, Jr., at present directors,
Hayden and Charles W.
the new slate.
J. Willard
"
nominees in
■
...
.
management's slate of directors, *in addition to the proposed
five new members, consists of: Andrew A. Biggio, Augustine B. Conant,
The
Walker, Jr., Lester Watson,
White, 15 in all.—V. 159, p. 1350.
.,
Guy
war.—V.153,
U.
*
W.
E.
———
-
securities
——
——
with State of New York un¬
compensation act—
i
flnvestment in
Z.
Russell,
Boston,
the
since
that,
and
national in
its
scope,
J.
to suc¬
annual
the
the
controls
to
oust
p.
meeting
to
management
present
William
Harris
thereby aiding Mr. Phillips in his fight
the United Corp. management.
(New York "Times.")—-V. 155
United
stock,
Corp.
income
before
income
after
31—' '
1943
—
382,099
and commissions—
salaries,
Accrued
interest on debentures
taxes
the
ended
week
the
30,
1944,
the
•
inputs
client
of
during
1943
were
;
.
iProv, for Fed. income and exc. profits tax, net
- .5 Vz'/t debentures, due May 1, 1949
!
3,367.763
2,457;975
15,000,000
16,750,000
1,000.000
1,000,000
for
Reserve
for workmen's
Gther
American
Electric
National
Subs,
&
Power
Power
&
Light
Light
&
Power
1943
1944
of—
Co.
Corp.
Light
Co.
Georgia Power
Gross
Amount
Pet.
loss of $21,428 during
550.
Share
13,776
and amortization
92,361
82,818
9,543
11.5
General
taxes
95,115
16,318
17.1
Federal
income
Liability Reduced
tion
Fed.
excess
Int.
income
Mr.
merits
Mui phy s
of
the
$114,000,000.
testimony came in connection with a discussion of the
proposed
reorganization
program
of
Corp., subsidiary of the Electric Power & Light Corp.
par—
3,000,000
3,000,000
($ 1
the
United
in the
Gas
Bond &
on
16,840,000
—V.
159,
f
5,424,189
3,720.024
4,531.100
3.819,106
1,327,700]
1
1,857,830
1,729,114
7,103.439
7,579,539
394,300
.
7
$9,622,002
$895,526
$718,081
,
$69,460,587 $63,917,279
$9,587,209
308,234.
3,794,462
3,735,442
$587,292
- 223,006.
$5,827,540
2,676,064
$5,851,766
2,676,064
$364,287
$3,151,476
$3,175,702
223,006
-
.
841.
The 1943
after
per
Corp.—Annual Report—
pet income for the year of $3,624,800
annual report shows
and charges, including, a
all expenses
share on the
provision of $1,000,000 for
This was equal to $4.95
company's outstanding common A stock and compares
special accruals due
Dyestuff Coip.
uncalled for balance on 50% paid stock of $1,660,230.
depreciation of $16,841,256 in 1943 and $15,056,492 in
U. S. Treasury tax notes of $6,303,148 in 1943
and $3,761,128
in 1942.
* "'Represented by 529,701 no par shares at
stated value of $25 per share.—V. 159, p. 935.
JLess deferred
§Less reserve for
UAfter deducting
1942.
f
Georgia RR.—Earnings—
1942
$855,538
$584,590
$364,332
242,888
371,826
227.330
93,215
212,293
314,145
198.060
79,001
1,750,303
1,165.134
750,182
803,141
431,854
195,852
696,212
375,580
171,189
1944
railway-
from
ry.
railway
from
income—
oper.
From January
1,581,614
493,398
railway
from
oper.
159,
p.
.
1—
railway-
from
Gross
1941
1943
$784,722
February-
433.602
income..—
935. '
'
Giddings & Lewis Machine Tool
directors
The
share
April
to war-time operations.
the
on
on
March
capital
and Dec.
Result
for
Sales
was
disbursed on April 20, July
Ended
31,
Dec.
per
*After
1943
and
"-.v.-
price
1912
:•'■?■
1943.
1942
.
and State
decline,
taxes and
and
renegotiation,
,;A
■
a
.
$2.39
$2.52
share on 300.000 shares of cap. stk.
ail Federal
inventory
per
—$20,477,668 $20,734,437
'1
*756.457
f718,926
—
Earns,
cents
of record
16, Oct. 18
>
Years
income
Net
Co;—Div.—Earnings
declared a dividend of 25
payable April 20 to holders
28
stock,
A like amount
11, last year.
10.
m;
provision of $1,000,000 for
tAdjusted
contingencies,
•;
that inventories during 1943
had been reduced substantially and that the balance sheet at Dec. 31,
H.
.1943,
General Aniline & Film
,
in 1943 and $191,-
in 1943 and $1,749,093 in 1942 on
;
302,133.
$192,942
p.
13,215,200
Drl,065,040
for doubtful receivables of $136,770
tlncluding $2,271,521
consignment with General
Net
$415,948
pfd. stock-
12,902,432
12,902,432
Drl.065,251
:
treasury.—
reserve
■figure.-
Kfllnn William of the S5 issue and of 241,000 shares the
W. Swift, the trial examiner, that of
68,700 shares
*5e.issue had from about $145,000,000 to the total stock liability
had the effect cf reducing
the company
-
1944—12 Mos.—1943
$3,912,936 $47,988,241 $43,231,513
1,295,410 ' 20,260,756
15,985,445
1, 158,826
——_
Balance
n
cf
taxes—j
income
Dividends
t.,,Thr0UBfhAhe e*Pfnditure of $22,400,000 in the redemption of 309,700
kT-* °1
an,
Pre*€rred stocks, the company has cut its stock
redemption of
in
1942.
in
—V.
—)
__
profits tax..J
and other deducs-
Net
liability by nearly $31,000,000, it was stated April 5 by S. W. Murphy,
President, m a hearing before a trial examiner of the SEC.
V
468,187
8.1
by $31,000,000—
1
13,242,525
.
1944—Month—1943
-
1,814,165
111,433
Co.—Stock
stock
held
Stock
Net
Directors—
.
Operating expenses
Provision
for
deprecia¬
Gross
&
13,242,525
surplus
Earned
—-
O'Neil have been elected directors
F. O Neil and T. Spencer Shore, who
$4,159,239
169,254
figures do not include the system inputs of any companies
appealing in both periods.—V. 159, p. 1350.
Bond
36,568
:
surplus
Capital
279,702
366,764
172,084
stock
A
B
Common
246
Co.—Earnings—
revenue
183,030
The above
Electric
compensation, self-ins.—
:
reserves
"Common
109,250
contingencies.-.
Reserve
Cyril F.
Thomas
Period Ended February
■
Increase—
Operating
Rubber Co.—New
and
late
the
succeed
&
30.484
1,000,000
for
Prov.
Net ry.
compared with the corresponding week
follows:
as
Thousands of Kilowatt-Hours-
not
Tire
Jenkins
R.
resigned.—V. 159, p. 1039.
operating companies of Ebasco Service, Inc., which are subsidiaries of
American
Power
&
Light Co., Electric Power & Light Corp., and
National Power & Light Co,, as
ex-
special accruals due to wartime oper.
Net
Gross
to
system
—
(other than Fed. income and
221,891
$130,306
$17,310
income was made since it
D;c.
ended
quarter
253,185
318,145
—
accrued liabilities^^—^-u—
refund on renegotiation for 1942--——-—-
162,572
———
1943 which operated at a
31, 1942.—V. 159, p.
erty during the year
Hayes
Inc.—Weekly Input—
March
wages
profits taxes)
cess
Net
For
137,500
$1,201,606
155,348
194,503
153,541
460,165
source
ai
Accrued
"Less
'1942
1
1,159,579
$2,114,470
payable
withheld
Taxes
announced
for Federal taxes on
was deemed no income taxes will be payable;
f The 1943 quarter's operations reflect a profit of $71,751 on the disposition of securities during the quarter.
Also, the quarter's opera¬
tions reflect an increase due td the disposition of one improved prop¬
General
Services
—
20,772,764
$69,460,587' $63,917,279
Accounts
$259,882
depreciation
depreciation—
provision
Note—No
2365.
Ebasco
:
Other
-
251,156
7,595;30d
Liabilities^—
Utilities Corp^—Earnings—
&
Dec.
Ended
Net
Sought—
be held on April 12 at Baltimore, to oust
and elect William Bennethum, Edward R.
and Messrs. McKean and Phillips to the
board.
Their letter to stockholders explains that they hope to vote
the Eastern States stociSa^dbntrol the St. Regis Paper stock which
at
Downing,
^
and
"
Realty
Months
3
Randolph Phillips are seeking proxies to be voted
and
McKean
:
—
formulas
and deferred charges
trademarks
Total
..;
159, p. 935.
General
■
Net
States Corp.—Proxies
Eastern
S.
;
7,595,300
20,574,105
1
1,605,380
Total
elected a director
159, p. 108.
has been
resigned.—V.
who
Fiscus
O.
Mass.,
93,101
173,681
175,000
stock (Swiss co.)
common
Prepaid expenses
that its securities will have
and will be more acceptable
of being listed on the New York Stock Exchange
coverage of the New York Stock Exchange is
trading facilities are sufficient for all purposes.
collateral by virtue
as
2,369,597
1,575,509
not —
adv. to Canadian subs.,
SFixed assets
Patents,
Exchange.
The company feels
marketability, wider distribution,
better
5,041,324
19,069,807
1,144,003
refund of excess profits tax—
Post-war
preferred stock ($20 pari from lising and registration on The Chicago
Stock Exchange.
The application states, among other things, that
both securities were recently listed and registered. on the New York
Stock
$5,664,612
324,529
140,428
investments
Investments in and
would be held April 17 at the Commission's Chicago
office, 105 West Adams St., upon the application of the company to
withdraw, its common stock
(no pari and $3 cumulative convertible
—V.
ceed
April 4
on
1942
$9,772,931
1,374.529
5,656,333
20,348,278
900,612
;—
—
workmen's
Sundry
Rolling Mill Co.—New Director—
Eastern
Warren
Commission
>
31
1943
Receivables
tlnc'.ud-
in 1942.
and expense.
Government securities—
der
Co.—Delisting Hearing—
Exchange
and
% :
$1,830,953
$1,655,167
the classification followed
Securities deposited
hearing
a
$0.56
v
demand deposits-————
hand and
on
S.
Marketable
770.
p.
Securities
The
that
Kaplan, Arthur W. Pinkham,
Sohier Welch, and Fred H.
Edward M. Hamlin, Jacob J.
Carl Dreyfus,
S5.61
$0.46
Assets—
Cash
,
Gardner-Denver
'
The
not
$4,115,731
$4.61
Consolidated Balance Sheet, Dec.
Co.—Business at 1943 Rate—
Sales in 1943 were approximately 40% above 1942 and business thus
far this year is running at the same pace as for the corresponding
months of 1943, D. J. O'Conor, President, told stockholders at the recent
annual meeting.
He said the company views its 1944 prospects as
"good" with an ample backlog of war orders which will keep its plant
operating a top speed until civilian production is resumed.
Mr. /O'Connor said
that in general, the same type of laminated
plastic products now being utilized for war production are readily
adapted for peacetime products, and the company does not anticipate
any great delay in adaptation to the civilian market at the end of.
the
Massachusetts
Eastern
Slate—
$3,374,217
1,000,000
a
Accrued
—
$3,624,800
due
tlnventories
p.
$4,115,731
consolidated
24,637,300
37,413,800
surplus ' j-i—
159,
Special accruals
for
$3,483,466
109,250
$4,624,800
•
1942.—_
amortization of debenture discount
ing
Formica Insulation
969,441
24,637,300
preference, 4,/a'% cum. ($100 par).
67;
cumulative preferred
($100 par)
Common stock (1,988,400 shares, no pari.
Prior
———
wartime operations—:
N et
*
311,250
3,333,143
1,177,415
profit
refund on renegot. for
*Restated to conform to
Cleveland, Ohio.—V. 159,
—V.
347,838
Reserves
Earned
Y.,
N.
188,217
1
——:
5,434,534
5,985,926
—782,208
9,003,562
welfare—
and
450,626
$8,918,000 $10,883,865
$13,628,362
Earnings per common A share——1
$0.50
Earnings per common B share
Provision
for depreciation
charged
\ to costs and expenses—
—$1,904,425
(M. II.) Fishman Co., Inc.—March Sales Off—
1944—Month—1943 A 1944—3 Mos.—1943
Sales
$416,910
$445,172 $1,108,750,; $1,175,924
—
accrued liabilities—.
Other current and
■
Period End. Mar. 31—
———————-
deposits
debt
609,634
,
905,694
affiliated companies.
Consumers'
■
Called—
total
Rubber Co.—Debentures
809,484
taxes
—
411,871
$4,95
Net
Net
'
934.
p.
.2,923,634
taxes
income
interest'
Funded
517,102
York,
New
3,181,334
—J—
payrolls
conting.
for
Reserve
$10,433,23$
$8,506,129
——-
securities
of
stock of I. G. Chemie
on
Net profit before taxes and res.—
Prov. for Fed. inc. & exc. prof, tax
There have been called for redemption as of May 1, 1944, a
of $1,223,000 of 20-year 3% debentures due May 1. 1961, at 100% and
interest, through operation of the sinking fund.
Payment will be
made at the office of J. P. Morgan & Co Incorporated. 23 Wall St.,
;
257,273
5,158,467
Federal
sale
from
Provision
Firestone Tire &
75,661
166,738
—
Other accrued
to
;*;»—-_$ 183,764,684 $78,122,333
2467,
p.
186,442,986 187,874,964
payable
Accounts
Due
1942
,
$13,156,609
471,753
Total
Profit
Dividends
a
387,461
457,394
;
tl,025,579
debentures
on
$9,610,002 $11,504,052
tl,103,873
' 1,070.813
$14,182,188
—
interest
5,430,193 '
_
Total
Accrued
Total
;
on
company
to
149,681,518
line' expenditures
pipe
9,638,128
operations——
Sharing
Director, Etc.—
Edward P. Wright, of Dickinson, Wright, Davis, McKean & Cudlip,
has been elected a member of the board of directors.
E. Olney Jones,
director and Vice-President, has been appointed Secretary.—V. 158,
195,354
items-.—-—421,765
Recoupable ' royalties;^-—
Other deferred items
Accrued
_
Federal-Mogul Corp.—New
538,423
assets
Transmission
$19,744,890
$24,687,850 $17,673,743
11,136,137 . 8,609,040
sales
on
$13,551,713 $9,064,703 $10,106,762
690,015
1,446,126
Divs; and int. on domestic secur
657,561
A
250,061
'296,881
Other income—-A--—334.974
394,777
345,717
Miscellaneous deductions Dr
362,060
1146.
p.
723,298
714,454
—198,578
Property, equipment and other capital assets— 147,557,508
Unamortized debt discount and expense—...
4,856,594
Accrued
.
profit
Profit from
Earnings per common
1,033,697
10,731,079
732,277
—
Miscellaneous
$45,644,761
25,899*871
.
V '
5,383
and accounts———————
notes
Prepaid
Gross
reserve
*2,787,440
2,677,960
share—-—$4.65 ;.v% $4.47
*After provision had been made for a special contingency reserve
of $2,500,000.
Federal income taxes were $15,175,000 and refund in
renegotiation of Government business amounted to $38,600,000.—V. 159,
Net
6,579,050
858,043
and
for first mortgage
collateral trust bonds
Insurance claim for property destroyed—
trustee
by
*1941
1943
1942
$58,807,790 $43,240,715
34,119,940 25,566,972
,*
sales
Selling, admin, and gen. expenses—
------
.
held
; ■\
'
•
Cost Of sales——
James S. Ogsbury,
Co.—Employees Profit
&
shipments
profit after contingency
Net
10,628,49.0
1 097,399
1
9 ,652,056
—
'
Cash
directors.—V. 159, p. §49._
year ago.
Calendar Years—
'
,343,433
12 ,059,009
,750,000
receivable
notes
Govt, securities
Securities
'
Calendar Years—
Elect New
March 29 announced that $784,855 had been set
aside out of
1943 profits to be distributed to employees under its
profit-sharing plan. This compares with a fund of $303,118 distributed
a
$
from
manufactures
demands for
requested by
■''
supply the products it
to
in sufficient quantities to meet the
war-connected use, or when it is so
patents
virtually
Consolidated Income Account
and had been with
expected to be chosen soon by the Fair-
eight years, is
company
The
31
Assets
8.
is unable
company
or
Government authority."
proper
Doubled—Earnings Higher—
$6.34
,
1943
Due
the
child board of
Fairbanks, Morse
Balance Sheet, Dec.
Consolidated
U.
use
war
;
corporation has -announced its secretary,
Jr., has been inducted into Army service.
A successor to Mr. Ogsbury, who is 31 years old
The
3,482,300
1,108,729
1,122,414
3,168,709.
3,119,725
1,108,729
1,122,414
Secretary—
retirement credit of $196,148.
deducting debt
Accounts and
Instrument Corp.—To
Fairchild Camera &
1,249,393
———
;—
preference stock—
Dividends on 67' preferred stock—
Earnings applicable to
the 4'/i%
cumul. prior pfd. stock, per share
Earnings applic. to the 67V cumul,
preferred stock, per share
"■After
cents per share
10
of
Net
-
prior
on
dividend
the
when
under such
has been declared on the no par
value common stock, payable April 29 to holders of record April 14.
This compares with 15 cents per share paid on Jan. 31, last; 10 cents
en Oct. 30.
1943. and 15 cents on July 31, 1943.
These were the first
payments since July 31, 1933.—V. 159, p. 1351.
,
37,194
728,918
transf, to earned surp.
Net income
Divs.
Corp.—Dividend of 10 Cents—
Exchange Buffet
v
not actually
-----
current and
contingencies—
year's personal
and real estate taxes.-
prior years' tax
Refunds of
prior
property
above.—V. 159, p. 840.
British & Continental Corp.
requirements
engaged are available for licensing on reasonable terms and royalties
to responsible and capable interests to the end that the most effective
use may be made thereof in the varied phases of war production,
"Patent rights in
those fields in which the company is actually
engaged are also available for licensing for the duration of the war,
on
reasonable terms and royalties, to responsible and capable licensees
Called—
Corp.—Assumed Bonds
Equity
American,
See
2,578,029
20,674
A/
18,815
for
reserve
3,442,000
3,022,010
with the
'
9,820,597
3,299,420
2,533,930
*1,765,333
profits tax
Federal excess
10,524,367
3,160,729
11,188,731
pursued the fol¬
holdings are available for licensing for war
upon request of the proper Government authority.
"Patent rights in those fields in which the company is
"All patent
was
(The)
9,374,675
445,922
taxes
———-
normal income tax
Fed.
7,798,980
263,700
RR.
A
Net income before Interest,
and Fed. & State income
its research pro¬
prosecution of the war. Accordingly it has expanded
to develop these patents and has adopted and
lowing patent licensing policy:
petition
Erie
4.598,263
10,925,031
-----—
-
income
■'..
for a merger of the Nyack & Southern RR.
granted April 4 by the Public Service Commission of
New York.
The Erie owns all capital stock of Nyack.
The merger
has been approved by the ICC.—V. 159; p. 1351.
A
90.347,773
64,033,007
4,310,714
232,134
3,982,455,
——
imposed
Approved—
Erie RR.—Merger
4,086,128
201,174
—
uncollectible accounts
for
Provision
taxes
inc. taxes and
patent
Burpee:
the
gram
1941
1942
applications in the chemical and other fields. . Says Mr.
"The board of directors has recognized the responsibility
by ownership of these patents as well as the necessity of
continuing research in American industry to further the successful
and
iU
"the financial in¬
in such purchases would strengthen
tegrity" of the company.—V. 158, p. 2579.
Subs.)—Report
5.149,772
8,043,485
Deprec.,
(except
14,904
109,075,243 100,252,310
80,974,500
72,578,390
5,223,894
7,918,457
Cost of sales and exps.
Taxes
41,646
79,602
Murphy
the
$
operating revenues-
sales and
Net
120.138
1943
31—
Years Ended Dec.
,
practice
$44,000,000
(&
reported profit for 1942 was $3,483,467, the difference of $109,250
representing the net refund on renegotiation for that year.
•:
During the year, $1,750,000 principal amount of debentures were
redeemed at par, and an additional $3,000,000 principal amount has
been called for redemption on May 1 this year.
After this redemption,
the company's funded indebtedness will amount to $12,000,000.
In
his
letter
to stockholders,
President George W. Burpee states
that the company is at present the owner of more than 4,000 patents
York
*8,513
357,487
Previously
share in 1942.
profit of $3,374,217 or $4.61 per
with revised
said, would be used to
part of it, Mr. Murphy
or
additional shares oi the $5 and $6 issues through the
employed in the past—purchases in the open market of the New
Curb Exchange. '
';.- •■■■;
'■
V; ■ -7.
"Open-market purchases have proved satisfactory," Mr.
testified.
"Generally we have had nothing but commendation of
method."
'V
.
,
He said that consummation of the plan to spend all or part of
,r.
Fuel Associates
Eastern Gas &
J
$44,000,000,
The
redeem
28,310
75,709
26,912
United Gas.
3,313
547,190
728,471
190,427
132,870
railway-.,railway——
from
$161,317
■
from
Gross
Net
1-—
1942
$243,825
47,859
1943
$268,437
31,801
4,940
1944
$387,696
117,462
83,187
February1—*
Gross
000.000 in
\
1941
the payment of $44,of its claims against
A feature of the plan would be
cash to Bond & Share in satisfaction
system.
Share
-Earnings-
Atlantic Ry.
&
Duhith South Shore
B.
Kraut,
showed
$1,738,409;
a
out
current assets of $5,151,939 and current
ratio of nearly 3 to 1.—V. 158, p. "2252.
(W. T.) Grant Co.
Edward
pointed
President,
Staley
has
liabilities of
(Del.)—New Vice-President—
been
store operations,—V. 159, p.
appointed
1251.
Vice-President
and
director of
Volume
Number 4271
159
Great Lakes Utilities
The
has
company
heretofore
filed
approved
by
THE COMMERCIAL & FINANCIAL CHRONICLE
Co.—To Extend
with
the
the
SEC
Bonds—
amendment
an
Commission,
to
Industrial Rayon Corp.—Annual Reportthe
to
the
postpone
in
plan
May 1, 1944 to May 1, 1945, during which time
attempt to formulate and consummate a plan to
wind
up
the affairs of the company.
A hearing on the
proposal
will be held April 20,-—V. 158, p. 771.
W't-'V*.'.*:"":-!
Lakes
his
that
maturity
date of the bonds from
Great
Green Bay
February—
Gross
from
Net
ry.
V-
1943
1942
1941
$250,072
$198,426
$174,702
70,908
65,617
42,944
income...
47.491
40,028
38,027
17,844
oper.
1—V3'7';.;v:
From January
Net
Net
ry.
railway
railway
from
—V.
410.598
348,839
167,067
936.
p.
152,975
117,323
88,480
high
despite
plant
equaled
the
the
freezing
previous
of
92,160
62,218
54,700
reduced
were
rates,
plant,
which
formerly produced
9,000,000. pounds
of
Period End. Mar. 31—
1944—Month—1943
.$4,974,539
1944—2 Mos.—1943
$4,821,049
during March,
$9,165,621
tire
fabric
only
by
under
the
said.
roof
one
of
nature
has
permits
with
the
potential
continuous
our
advantages
process,"
greatly
reduced
previous
over-all
performance
production
of
these
operations
by
; vendees
at many distant locations in the country.
Furthermore, it
makes possible future economics in production
costs, and this, together
with
Grocery Store Products Co.—Time for Deposits Under
Exchange Plan Extended—
<
our
in
us
proximity to the principal centers of tire manufacture, places
unique competitive position for the future."
a
for
and
1943
Calendar
for
Years
1942
1941
1940
$134,894,067 $90,701,265 $62,928,976 $46,294,254
32,509,159
52,252,814
34,157,048
25,208,067
11,240,152
10,240,398
8,526,778
7,005,705
exps.
„
after-war adj.
contingencies
Development
neering
4,000,000
1,500,000
500,000
1,254,403
and
1,026,688
1,004,415
1,031,§64
373,861
100,000
430.250
engi¬
expense
Interest
382,500
382,500
Amort, of patents
100,000
100,000
Balance
100,0C0
$35,407,854 $25,193,866 $18,266,874 $12,518,369
"Other income ——• 1,567,0311,720,890
777,760
578.644
Total
v
——_
income
Normal
Fed;
$36,974,884 $26,919,755 $19,044,633 $13,097,013
———
inc.
taxes
(estimated)
Fed.
excess
(net
V
after
•
cred.)
tax
of
165,915
——
—
$8,318,941
6,224 289
$9,844,633
$9,431,013
5,929,705
5,648,577
5.375,217
1,592,493
1,517,005
1,444,945
1,377,915
.1,039,546
990,116
943,028
898.178
$10.44
,$10.50
dividends
Shares
(3,500,085
4,070,000
*
360,314
$9,204,885
dividends
Stock
t5,130,000
\
.
profit
Cash
15,241,500
(5,288,000
(22,482,000 *12,998,500
profits tax.
Renegotiation settlement
Net
as
and
sales
of
Prov.
Mr.'
time
Canadian
Depreciation
u;
"\
"Integration
compared
.f
same month last year;—V. 159, p. 1039.
of
possible
Rivitz
$9,096,794
amounted to 149, as against
1944,
weaving
and
sales
Cost
more
fabric
made
1
selling,
was
ready for use by the tire manufacturer.
"This integration of several processes of tire cord manufacture and
the
Domestic
,
Cleveland
woven
Sales
Stores in operation
practically
per annum by the spool spinning process is now producing
high tenacity tire yarn at an annual rate of approximately 11,000,000
pounds by the continuous process, the report states.
This is being
shipped to the tire industry in the form of cord wound on cones; or as
104,504
313,336
(II. L.) Green Co., Inc.—March Sales Higher—
J50, in the
1943
Cleveland
Income Account
(Including domestic and Canadian .subsidiaries)
out
points
fabric.
The
'
1
in
$20,731,139,
the
Consolidated
President,
textile yarn
i
491,015
income
oper.
159,
>
7
•
from
Gross
'
,
of
Rivitz,
by substantially increased labor costs due
overtime, generally lower labor efficiency, the
cost of training personnel because of
high labor turnover and extraor¬
dinary
non-recurring
expenses
in
connection
with
the
conversion,
he explained.
..
..
..
$144,476
87,590
$20,565,314
record
the fact that
Earnings
railway..—
railway
from
Net
stockholders, Hiram S.
completely converted
during the year from manufacture 6f textile yarns and knitted fabrics
to continuous process production of
high tenacity tire yarn, cord and
to
1944
to
all-time
prices and
& Western RR.- -Earnings-
■
letter
net-sales of
year's
will
cord
'
1447
capital
-
stock
V:,:outstanding (no par).
Earnings per share—..
$8.85
$8.40
,
.
He
The directors
the time
be
March 31 voted to extend to and including April 20
which collateral lien 6% bonds due June 1, 1945, may
on
within
May
stock
of
this
in
company
the
amounts
provided
by
the
and "should ' result In"
latter
the
recapitalization upon presentation and surrender of the certificates of
deposit to Central Hanover Bank & Trust Co., depository, 70 Broadway,
York, N. Y.
See also V, 159, p. 936.
at
New
Aircraft
Engineering
L.
R.
contracts and earnings
158,
creased
Gulf
&
Ship Island
1942
1941
$151,021
145,942
2,010
29,482
12,735
113,177
36,470
-
01,776 v:
railway
ry.
"Deficit.—V.
159, p.
493,785
311,735
81,609
68,865
4,255
6,200
The
has
have
permanent
form
7
admin,
goods
will
30,000,000
stand
be
"
and
3%
undertaken
by
at
general
any
appropriate
1941
12,947,068
12,056,349
1,070,652
? 1,057,758
$5,167,190
$6,713,419
$6,038,628
257,855
149,652
265,108
$5,425,045
—j.;
$6,863,071
$6,303,736
income
for
"Research,
contingencies
devel.
&
exper.
Interest
on
Exp.
10
connection
in
plant
notes
159,544
125,198
89,732
equipment
disposal of deprec.
Miscellaneous
Fed.
229,844
assets
94,628
60,035
'
William G. R&be, Vice-President cf Manufacturers Trust Co., New
York, who has been a director and Treasurer of the Hershey Creamery
Co., has been elected Chairman of the executive Committee of the
Federal
State
excess
profits
income
Adjustment
elected
director.—V.
a
Co.—New Director—
President
of
the
for
•Less
158, p. 2469.
Case—
United
Supreme Court
issues
this
in
the Interstate Commerce
of
on
company's
Commission
April 3 decided to review and
fare case involving an order
granting a fare increase from
eight-cent fare to 11 tokens for $1, or 10 cents cash.'
,The Commission, previous to its most recent order, had
an
increase
from
eight
nine
to
cents.
The
the
City
of
Jersey
City,
Fred
M.
Vinson,
stabilization
an;
director,
It
&
injunction
the
that
Interstate
Commerce
?
v
Hudson Motor
Car
Co.—Borrows
Company has arranged for
President, announced
to
operate
assignments from
production
of
said
the
ment
V.
include
plant
159,
is
and
$3,422,175
the
pending
stock
Navy
final
the
for
due
in
terminated
Illinois
.;
The annual
Net
ry.
net
company's
of the naval
1942V
1943
$17,011,230 $16,589,560
$8,811,822
5,619,741
6,099,910
3,727,73 8
2,601,801'
1,963,905
3,168,719
1,803,590
1,951,168
Net
ry.
railway—_
34,780,832
33,612,959
23,947,125
11,925,587
11,925,587
6,854,353
5,321,699
income...
5,990,702
5,990,702
3,495,939
3,964,146
oper.
159, p. 1353.
'
'
•
.
profit
Commercial
for
March
registered with
the Securities and
Exchange Commission 21,000 shares of $4.75 cumulative preferred
Stock (no part.
The underwriters named are Paine, Webber, Jackson &
company
on
Curtis, New York,
others
of
supplied
to
by
29
and Mitchum,
filed
be
Tully & Co., Los Angeles, with names
by amendment.
Price to the public will also be
amendment.
outstanding $6 preferred
Proceeds
stock.—V.
will
be
p.
principally
used
158,
192.
V
to
.j-:
•
v
All
•
cf the
outstanding Illinois Power & Light Corp. 1st & ref. mtge.
April
104 Va
Bank,
the
p.
1,
1953,
and
have
int.
corporate
Guaranty
been
Payment
trustee,
Trust
Co.,
called
will
115
140
for redemption
be
made
West
at
Monroe
Broadway,
1148.
the
as
of Oct.
Harris Trust
1944 at
&
Savings
Chicago, 111., or at
York, N. Y.—V. 159,
St.,
New
1,
' 154,195.629 120,377,670
159,
.
ended
Annual Re-
31,
profits taxes,
S.
to
profit',
profit
of
for
year
contracts
war
same
1943
made
is
after provision
with
manner as was
the
United
for voluntary
States
Govern¬
accepted by the Government
report stated.
1942, the
year
the
from
Total
Other
"The
corporation
munitions
for
the
Poughkeepsie,
in
the
to stockholders.
is
U.
N.
S.
Y.,
substantially
Government.
received
production of
i;-1—
_i.
royalties, int., etc.—
Federal
demolition
income
for
of plant
engaged
In
in
1943
Net
Loss
720,000
585,000
200,000
taxes_—
—
profit
.
„
-■
of
sale
on
and
of
'
Drl44,244
business
of
J
Dr30,392
———
Cham-
———:
shares of Standard
u—
common
Products
Coated
United
of
Co', Division
assets
Division
business
and
assets
Pigment
sale
on
plain
Net
of
and
$1,109,235
$1,188,469
—
sale
on
Color
Cr49,065
Corp.--——————
$1,062,898
3,272,101
$1,109,235
3,018,301
surplus$4,334,999
on preferred
shares—-390.924
$4,127,537
390,924
profit
Earned
—————————————
surplus at beginning of year
Total
*
Dividends
Dividends
on
464,512
464,512
$3,479,563
$2.75
$3,272401
$2.45
shares—,
common
surplus at end of year——/.——
Earnings
per
share
common
deducting
in
^
of
respect
1943,
$2,000
refund
post-war
and
$63,000 credit for debt retirement.
Note—Provision
in
of
to
amounting to $595,849 in 1943 and
amortization of patents, licenses, designs, etc.,
for
1942
amounting
cost
depreciation
and
$40,800
ether
Comparative
■■■''4 Assets—
and
1943
in
goods sold and
V/
$50,000
U.
Balance
and
"Accounts
-
Invest, in and advances
Other
——— -
Post-war
refund
and
592,059
1,171,398
in
*Land,
employees.——17,697
Fed.
of
relating
excess profits taxes—
manufacture of prinitng
to
machinery
(Assets
Deferred
33,700
——
———
Hongkong and
Shanghai.
1
Manila
,
1942
$2,483,825
-——
2.852,348
5.428,056
655.994i
155.884
21,327
31,700
124,362
/
1
6,036.905
—
4,936,426
1
————
581,956
552,927
buildings, machinery and equip., etc.—
Intangible
4,811,996
——
officers
Inventory
662,726
associated companies
to
investments
from
v
$3,125,793
3,041,224
receivable
notes
in
31
1943
Treasury certificates and tax notes—
Inventories
included
v
are
.
%'.
•
1942
Sheet, Dec.
———
S.
Due
in
expenses.
Cash
assets
charges
175,001
——————————$18,974,977 $18,518,325
Total
Liabilities—
Accounts
'E'
payrolls
taxes
Other
Sink,
war
».
and
356,389
;
liabilities..———U——
require,
in
respect of 3V2%
debenture
1948
Reserve
;■
—
for
of
reserves
cumulative
pfd.
shares
1!Common
plant and equipment, and land and buildings.
Dismantled and obsolete
equipment amounting
to
$2,722,326
was
written
off
and
charged
against reserves provided out of prior and current years' earnings."
Earned
i
—'
in
rental
stock
Total
-
■
.
t
shares
—
(par $100)
——
—...—~
————
——
—
...
'
200,006
1,650,000
—
50,006
-
50.000
849.597
6.515.400
2,903,200
50,006
€44,896
6.515.400
2,903,200
1.504.216
3,479,563
preferred
—
surplus
$11,700,921
200,000
1,450,000
1944
years
——————
retirement
153.876
sinking
———
fund debenture....
obligation payable in the
Contingency
6%
260,777
—
:
sinking
Contract
to
147,286
308,520
:
for Fed. income and exc. profits taxes
fund
fund
$764,777
21,583
26,726
144,386
—————
——
current
3V2%
$1,203,693
19.250
44,972
commissions.—/.——299,281
(trade)
payable
deposits
Accrued
of
manufacture
'
payable
interest
Accrued
corporation's plant
for 'high achieve¬
the
the
the Army-Navy
invested
67,667
25,685
16,777
760,009
405,009
100,000
taxes—;
surplus
was
$2,484,363
60.667
26,793
(net)
assets
contingencies
Capital
there
$2,242,746
241,617
51,284
profits
excess
machines,
1943
$2,622,038
210,174
deductions
^Reserve
materials,' and (he plant at Endicott,
N. Y., received the White Star award, having received' the 'E' award
in
1942.
In
recognition
of the outstanding performance of their
duties in connection with plant protection, the Army Guidon Award
has been
presented to the guard forces at the company's plants at
Endicott, N, Y., and Washington, D. C.
"During
v,
$2,832,213
investments,
debenture—„—1———_—^
on
Customers'
These
message
>
.:,7v
provisions, together with the $1,000,000 pro¬
vided
from surplus
and carried at Dec. 31, 1942, as a reserve for
contingencies, comprise at Dec. 31, 1943, a reserve for after-war ad¬
justments and contingencies at $7,0u0.0oo," President Thomas J. Watson
his
>
1942
1943
income
Interest
1943,
in
and $42,424,751 in 1942.
and $2,268,559 in 1942,—■
1943
1943
Corp.—Earnings—
profit
Operating
Income
Accrued
stated
in
Sales, less returns, allowances and discounts— $31,794,925 $28,488,102
Cost of goods sold, sell., admin. & gen. exps.
29,172,887
'26,245,355
1941,
$4,000,000.
in
$51,613,820
$2,368,559
(Including wholly owned subsidiary companies)
$608,242
vi' *u*..
Dec.
of
of
1148.
p.
"After
period
ment
gold bonds, series C, due Dec. 1, 1956, have been called for redemption
as of June
1, 1944 at 105 and int., and all of the outstanding Illinois
Power
& Light
Corp. 1st & ref. mtge. gold bonds, series A, due
net
29,977,798
depreciation
the year the United States entered the war, the company
making provision from earnings for war-time uncertainties and
of readjustment which will fellow as a natural result of
the war.
In 1941 $500,000 was provided; in 1942, $1,500,000, and in
at
Illinois Power Co.—To Redeem Two Issues—
This
17,721,788
31,005,087
—
Years Ended Dec. 31—
started
retire
7
vfti:!#' I
the year
excess
computed in the
the
the
SEC—
The
and
excess
(estimated)—29.988,878
amortization
Earned
1943,
after deducting $27,770,000 estimated U.
Canadian income and excess profits taxes, amounted
renegotiation
ment
:
With
Co.—-Registers
Telephone
for
and
income
77,500
..
for
and
The
"In
Illinois
vL'
$4,735,714;
which was equivalent to $8.85 a share on
1,039,546 capital shares outstanding at the end of the period, repre¬
sents an increase of $885,942 over the net profit for 1949, after taxes
and renegotiation settlement, of
$8,318,941, or $8.40 a share on the
990,116 capital shares outstanding at the end of that period.
Included
in
the
total
1943 taxes of $27,770,000 is $22,482,000 excess profits
taxes after deducting post-war credits of $2,658,000.
v
18,007,092
railway——u
from
income
$9,204,884.
1941
$12,006,887
capital surplus,
compared with 1942 profit
before taxes cf $25,019,755 (after renegotiation
settlement), an increase
of $11,955,129.
January 1—
from
Net
—V.
1944
.
reports
and Canadian
Interchemica)!
property,
1943, consolidated
profit of $36,974,884 before deducting estimated U; S. Federal and
Canadian
RR.—Earnings of Company Only—
•
income—
oper,
From
Gross
/
railwayrailway——..
from
Net
;
Central
from
inventories
$101,563;
meeting has been adjourned: to> April: 14.—V. 159, p. 1148.
Corporation
Net
February—
V.
$4,768,266;. trade
$2,001,078;
assets,
surplus, $6,881,790; total, $29,068,674..
Federal
Gross
interest,
$70,000),
other
shares), $10,124,333;
par
welfare——
company
1,000,000
17,000,000
493,562
U. S. Gov¬
.
port for Year 1943—
1252.
p.
no
2,000,000
9,761,175.
17,000,000
505,947
^—
——
general
taxes
Provision
$2,144,712;
International Business Machines Corp.
is withholding pay¬
costs and expenses.—
of
accrued
of
and
.
10,447,423
—_
post-war adjustments
surplus
"After
»»*.»/>-H-'i
additional
One is in
Department
settlement
$29,068,674.
31,898,423
20,216,566
14,910,736
-
Government contracts.—
on
.=J; Total
Meeting Adjourned—
'
the
operation
<759,325
earned
tooling stage.
'
experiencing schedule fluctuations
designs and changing of war
fees
for
Loss-on sale &
Dec. 31,
1943
(net),
$1,384,560;
deferred liability,
$2,082,555; notes
payable to banks (less amount due Dec. 26, 1944, classiiied as current,
$500,000), $1,900,000; reserve for gen. contingencies, $131,000; capital
Commission
large
33,490,916
payable, etc.
payments
S, .Federal
Profit
total,
154,195,629 120,377,670
stock-
Earned
•
revised
of
costs
which
on
temporarily,
the
in
is
company
Unbilled
sheet
ordnance
other
two
of experimental product, and
shares of no par
payable to banks, current portion, $500,000; ac¬
counts payable, $1,021,120; accrued for
taxes, interest, Insurance, and
royalties, etc., $307,603; Federal taxes on income of the year ended
$30,000,000—
October,
U.
Liabilities—Notes
Court.—V, 159, p. 1353.
Air Force have beeh accepted.
Army
the
last
and
reserves
V
t.
1.464,000
1,109,537
1,762,132
——
for
$174,147;
VT-credit for $30,000,000, A. E. Barit,
Since the expiration of the contract
plant
introduction
requirements.
balance
the
the
and
Barit
Mr.
because
a
31.
ordnance
naval
a
March
cost)
(less
493,562
9,186,530
tax
'
-
J
$3.04
$2.64
(On 759,325
and demond deposits,
investments
profits
excess
(estimated)-!
credits
Reserve
Loss
and
Manhattan.
this
was
(at
$1,887,138;
—
5,979,803
9,366,337
3 981,189
advances—
indebtedness
plant, and equipment (less reserves for depreciation of $10,559,411),
$15,594,134;
construction
in
process? $2,397,637;
deferred
charges,
On their presentation the District
and the railroad appealed from in the Supreme
receivable
(net);
Appeals enjoined the order of the Commission
in so far as it permitted the establishment of a local interstate fare in
excess of eight cents for transportation on the down-town line of the
Hudson
securities
accounts
was
and the Court of
Court
hand
14,695,043
6,585,053
assets
"Federal
imable to collect nine cents because of its fare-box arrangement an<J
had been losing $1,000 a day on account of it.
The increase of 11 tokens for $1 or 10 cents cash was contested by
Chester Bowles, price administrator.
* 1,898,313
7,
depreciation of property, plant, and equipment
amounted to $1,239,048 in 1943 and $1,243,753 in 1942.
on
10,069,650
27,124,742
505,947
—
Contingency reserve —u——-w---——'—7,000,000
Mortgage payable
77,500
$2,311,711
1,898,312
$2.16
for
ernment
it
stock
2,111
$2,006,363
Consolidated Balance Sheet, Dec. 31, 1943
;
(allowed
contended
company
25,414
credits from sale and inventory
Assets—Cash
13,119,308
welfare fund—J--—
Treasury & Canadian
Reserve
1,117,000
$1,642,083
1,518,656
share
Note—Provision
-
States
the
14,000
(net).
years
•
Liabilities-
.2,226,000
Ku 13,000
39,081
,p -
capital
per
included above
The
determine
753,000
3,838,500
amounts, included in cost of goods sold,
yalue capital stock.-
Hudson & Manhattan RR.- -Supreme Court to Review
Rate
S.
V;-1 Total '
39,120
2,448,000
tax
prior
.: $
'
56.435.616
10,429,553.
8,514,372
2,000,000
88,161
754,000
'
on
(Earnings
been
has
Co.,
profit
Dividends
.
,
Knitting
Globe
surtax
&
tax
company.—V. 157, p. 2348.
Net
tax
33,236
39,919
;
income
7,000,000
.
(net)..
contracts—.————
and
post-war
Deferred
(After
charges
normal
'
Good,
Treasury bonds of 1948—^
General company
Inventories
99,836
of
and
on
126,129
66,204
expenses
alter,
.•
10,329,553
150,000
__
payable.
with
..
iu:,"
accounts receivable
munitions
on
Advance
$20,731,139 $19,152,735
"
C.
1%%
Accounts
1942
1,099,313
income
Loss
Holland Furnace
annual
14,298,812
expenses
$
56,177,007
:
■
1942
Unreimbursed expenditures and work in process
in¬
pounds
31
1943
13,244,362
S.
Capital
^20,565,314
''.
"
taxes.
'.
Dec.
....
—
-
Canadian
1943 and $1,464,000
A'\"
Sheet,
.
..A.-'>
Notes and
$10,000,000
a
payable; in
1943
••
profit
Provision
log
Lumber Co.
Rainier, and
Hershey Creamery Co.—Chairman of Exec. Committee
Grover
be
former production
provided
of
Balance
!'•'
■
;;v..
Bonded
15-year
includes
latter
textile
U.
profits
of a
National
purchase
from
of
Jan. 3, 1945.
The report
retired so that "now financing
been
can
sold.c-__^v_;._._„_
and
Consolidated
beginning
__
of
been
rate
(Includes
'
Cash
:V
.Consolidated Earnings
.
•:7'v ■■
Assets—
future."
Total
the timber holdings of the Pacific
is located
at
National, Wash., near Mount
165,000,000 feet of timber, 25 miles of logging railway and
miles of truck road.—("Wall Street Journal.")—V. 157, p. 1649.
supply
The
existing, loans
Operating
the
has
interest
each,
the
V."''/ " :'.V'
of
yarn
over
consolidated.
not
7
'
not
net
post-war credits of $2,658,000 in
1942.
;
according
uses,
pounds
approximately
countries
in
"Plants, equipment;
(Patents and goodwill-—
'%.""<-v
tire
exchange,
(After deducting
in
Investments
expansion
average
$1,000,000
Cost
.
announced
by
year
blocked
or
branches
to
textile
of
and
manufacture
for
yarn
pounds
subsidiaries
profits of foreignsubject to enemy-control
and undistributed
from
admirably
itself
28,000,000
of
"Includes net income
U.
this
an
of
Sell.,
Plywood Corp.—Acquisition—
corporation
the
sales
Other
Harbor
of
*15,585
1040.
of
diversified
11,000,000
Years Ended Dec. 31—-V
244,148
46,472
87,916
other
lends
overall increase exceeding 90%
for
more
in
•....
*18,302
492,505
153,226
railway—___
oper. income.
production
and
present: output
end
an
at
that
a
time
Net
from
Net
'i
.
January 1—
from
Gross
Net
in
$107,802
Net ry. oper. income
From
loan
states
1
1943
$211,389
economic
fabric
there
process
'.
-
:'7--
the
yarn,
Financing
bank
RR.—Earnings1944
$313,094
February—
from railway
Net from railway
during
'
spinning
Rayon's
installments
Gross
earnings
capacity, according to the report.
'
„
in
1944.
approximately
by
of tire
for 1913 could not be determined at this time.—
889.
p.
and
yarn
proxies were being solicited as it was planned to adjourn the meeting
as. the
corporation had not completed renegotiation of certain war
V.
improvement
report..
Industrial
-
Grumman, President, on April 1, in a communication to stock¬
notifying them of the annual meeting on April 18, said no
and
underwear
the
to
Meeting—
holders
substantial
a
of
The
efficient
knitted
Adjourn
Corp.—To
months
Covington.
the
Grumman
increased
Transfer of the company's entire cloth-knitting mill from Cleveland
to Covington, Va., largely eliminated the necessity for new construction
at Cleveland and has permitted
efficient integration of manufacture
for
plan
third
the
pursuant to the deposit agreement dated as of Dec. 11,
Holders of certificates of deposit will be entitled on and after
16, 1944, to receive new first mortgage 6%
bonds, and capital
the ' greatly
that
production capacity of the
and Painesville plants
will be put into operation during
quarter and operating at capacity by the end of the year,
Cleveland
deposited
1943.
stated
1,504/216
3,272,101
$18,974,977 $18,518,325
Monday; April 10/1944
1448
tLess reserves for
and $5,091,424 in 1942.
SLess U.
in
1943
and $1,000,000 in
1942.
$214,176.
5 the smallest.
revenues
Uncollectible oper. rev.
Operating
Operating
$360,127
$181,870
89,683
$396,578
213,084
$359,767
189,136
$199,271
104,241
revenues
expenses
of oper.
50
50
56,119
43,513
100
101,151
income..—
Net
oper.
$38,861
$48,624
$82,243
$83,351
25,149
34,803
income
—V.
159,
_.
1040.
p.
Co.—Earnings-
International Cigar Machinery
Sales
~TIII II-I
Rc y a 11 i es
——- —
—
$21,358
$3,284
3,094,703
_
_
3,122,705
revenue
$3,091,419
._——
—-
—
Cr24,217
24,217
profits tax ______
adjustments,-—_______
Post-war refund of excess
for pcst-war
Provision
income"
Net
—
income
Net
share——
per
———
banks
in
receivable
Accounts
——_______
—
—
receivable
acceptances
and
Notes
_
Inventory
Notes and accts.
within one year
refund of excess profits tax—
Post-war
rights, etc. (net)—
reserve for deprec.)
Patents, patent
(less
assets
Fixed
teceiv., not due
Prepaid taxes
35,498
34,468
______
—_
.
y--a'"';/> •?
for
post-war adjustments
Capital
stock
(600,000 shares no
Earned
64,347
58,548
10,000.000
2,216,794
10,000,000
1,968,543
surplus
—
par)
.
Total
/
—
$13,219,227 $12,219,558
—
159,
737.
p.
Ltd.—Meeting—
International Nickel Co. of Canada,
which has been sent to stockholders for the
annual meeting on May 3, discloses that Rupert T. Zickel, an officer
and director of Bartram Brothers, engaged in the investment business
in New York City,
has been designated as a nominee bf the man¬
agement for election as a director by the holders of the cumulative
preferred stock. The other nominees are now directors of the com¬
pany.—V. 159, p. 1252,
The
statement
proxy
*
Sales
159,
Sales—
1944—2 Mos.—1943
$5,780,608 $6,170,388
1944—Month—1943
$3,379,844
$3,207,479
;
—V.
1354.
p.
Federal
tFederal
Provision
Net
shareholders
at
Co., Ltd.—Increases
voted
meeting
special
a
to
Stock—
increase
the
the company from $3,000,000 to $4,000,000.
increase in capital will consist of 205,479 5% cumulative
capital of
pref¬
erence
shares "D" par value of one pound sterling.
The purpose of
the increase in capital is to place the company in a position to finance
the cost of hydro-electric developments on the White River in Jamaica.
The
—V.
159,
' :•/
737.— .:
p.
Control—
Over
Group
Takes
S.
•U.
headed by C. P. Couch, Chairman, t: a group
group
City,
that
Mr.
cf the
of Mr.
view
In
meeting
on
May
and
y
directors to be elected at
18
the railroad,
long( familiarity with the territory served by
been retailed by the new board of directors in an
he has
• ■'
President of the Kansas City Southern, will
continue as operating head of the railroad and its subsidiaries.
Johnson O. Couch, son of the late Harvey C. Couch, former Chairman
of the railroad and Assistant Vice-President, will be a
direct repre¬
sentative of the Couch interests on the board.
Two other directors
William
have
N
been
Deramus,
nominated
tReal
of
York
New
are
Trust
York City.
New
Co.,
...
,
Ogden, Utah; Dwight S.
Brigham, Boston, Mass.; Percy J. Ebbott, New York
N. Y;; Paul H.
Saunders, New York, N, Y.; Paul V. Shields. New York, N. Y.; William
J. Sinek, Chicago, and Sir William Wiseman, New York, N. Y.
R. Crosby Kemper, who was prominent in the fight to wrest control
from the Couch interests, will continue rs a director, along with Edwin
Retiring
M.
directors
are
/Elbert
G.
Bennett,
Charles E. Ames, Linus C. Coggan, M. Livingston Delafield,
Deramus, Charles S. McCain, Ken:y Hazen Reed
Edward F.
Swinney and Robert V. White.
Allen,
Mr.
Mr. Couch
has
group
invested
Kansas
to
blocking
which
is
remained
be
a
that -tV "'"rge
statement
the
in
stock
Tods
of
intention
its announced
of
amount of money this
convinces us that the
removing control
of the
We feel that anv effort we might make toward
this move would only destroy the harmony now existing and
While
not
in
is sincere in
group
road
said
so
so
in
feel
in
sure
control
of
these
it
trying
wou'd
have
&
In
a
been
possible
for
us
to
have
the
divided board
Laughlin
of
Steel
directors,"—V.
159, p.
1252.
Offering—A
special offering of 38,000 shares of Common stock (no
par) was made on the New York Stock Exchange, April
5 at $221 g per share with a commission of 60 cents. The
stock, offered by Smith, Barney & Co., was oversub¬
scribed in the
1,888,675
Total
2,777,955
charges
Deferred
,
.
payrolls
and
inc.
Federal
accrued
Other taxes
—_——_—-
subscriptions
bond
,(control,
war
withheld
Accident
_
liabilities
accrued
Employees
—
and
preferred stock, series A.—
preferred stock, series B,
convertible—.
Treasury shares
:
;
Total
——
and
income.
$555,979
in 1942.
of $580,000
reserves
30,439
29,356,800
29,326,100
Balance,
67,372,900
Accumulated
68,952,181
Drl,100
:
dates
1943 and 1942.
$44,118 in
ttRepresented
1942.—V.
159, p.
by 1,602,488
737.
A
no
of
par
25
:
cents per share
value,
Payments last year were as follows:
Dec.
Gas Co.
Holdings Through Bankers—See Brooklyn Union Gas
Koppers
Co.—V.
I
There were
159,
Co.—Disposes
Net
of Brooklyn Union
Sales
—2—
Stores1 in
dian,
V.
as
159,
operation
compared
p.
1041.
Higher—
1944—3 Mos.—1943
$16,280,431 $14,933,283 $44,512,223
in March
with
723
a
totaled
year
714,
ago,
$41,847,491
Chichi 62 were Cana¬
including 62 Canadian.—
of
Months Ended March 31, 1944
$6,353,724
—
1,5G8|787
—
Realized Loss on Investments
loss
realized
net
30,
June
and Special Dividends Paid
Sept.
date
1929, to
from
investments
on
business,
24,
profit
March
31,
-
..
• •
S16.927.656
'
v
8,933.081
$25,860,738
1943 iZ>r)_—
on investments
for
nine months
the
1944
Central Park Plaza Corp
sale of interest in
on
$4,784,937
_;
1944.—
31,
1,871,021
752.644
.*V
and
/Assets—Cash
receivables.
i
i 1
U.
S.
Government obliga-
cost),
miscellaneous investments
cost), $4,820,614; other securities (at average
total. $63,706,895.
$142,981;
advances,
and
(
S24.742.357
March 31, 1944
$2,163,021;
$56,480,529; real estate investments. $99,751;
fr
si.ii8.380
:
(Dr)
Balance, March 31, 1944
,
'f'
Liahl'ities—Dividend
payable
April
6,
$584,723;
1944,
payable
for
purchased, $255,919; reserve for accrued expenses and taxes,
$108,213; capital
stock (par $1), $1,982,377; capital surplus. $81.671.927;
shares held in treasury at cost (33.500), Dr$933.845; net
realized loss on investments and special dividends paid (Dr), $24,securities
742,357;
undistributed
net
ordinary
income,
84,784,937; total* $63,-
706,895.—V. 159, p. 1148.
Lexington Terminal
1944—Month—1943
Period End. Mar. 31—
that the corporation will elect to be
company" for the fiscal year ending
will distribute substantially all of its net ordinary
/•
"'' -V'■
• *
% "•
.
March
realized
The
fS. S.) Kresge Co.—March Sales 9%
nine
materially,
L
ended
Loss
1287.
p.
the
of such securities on
market value
the
Balance Sheet,
has been declared on the common
payable April 20 to holders of record April 10.
March 10, June 11, Sept. 10 and
10, 25 cents each, and Dec. 28, a year-end of $1.—V. 159, p. 639.
dividend
stock,
being
declared
Balance,
.V
Stores, Inc.—25-Cent Distribution—
$1,875,799
was
dates.
(3) No provision has been made for Federal
ordinary income as it is reasonably certain, unless
i?!tioiv-(at average
Kobacker
$2,130,209
on
investments for
$1,118,381.
The net
profit
1944.
Special dividends declared during previous years by reason
of profits realized on investments during those years____
shares in
>v.-' '
$1,870,157
$1,956,612
net
......
'
'
40,000
—"
corporation
comemnced
30.
1943.
_
:
current liabili¬
1943 and 1,602,467
shares in
54,809
110,000
50.000
June
and $1,013,000 in 1942
acquisition: 1943, $8,795; 1942, $27,088.
payable within one year transferred to
of
75.808
■
Junje
Net
300,101,719 299,495,730
:
1943
44,353
realized
31,
Total
,
in
48,798
38,808
30. 1943__—$4,397,112
ordinary; income, as above—
1,956,612
Net
$2,031,280 in 1943 and $3,551,155 in
realizable:
47.651
,
basis
the
u/iv
Dividends
••Less amount
ties:
'
Balance,
(estimated
1942, .' ;.
HNet "worth of subsidiaries not consolidated applicable to investments
therein;
1943, $874,688; 1942, $856,395; decrease in such net worth
tLess
amounts
29,516
33.826
45,528
Undistributed, Net Ordinary Income, Nine
and $21,358,000 in 1942.
receivable of $822,582 in
•Including tax notes of $16,500,000 in 1943
tLess reserves against notes and accounts
40,328
43,807
net
1944;? and
5,043,546
______
43.721
"regulated investment
a
1,530,672
■
244.987
.
■
'!,■
charge
as
30,
44,118
47,922,882
2,856,000
.
93,750
taxed
44,118
43,878,765
2,850.000
Surplus
6.6C0
conditions
560,689
stock
ttCommon
210,101
10.7C0
tax
March
on
72,336,555
5%
from
tax
18,135
29,356,800
29,325,400
—
$2,525,589
162,238
taxes-
inc.
ex-dividend
the
67,373,600
interest in capital stock
subsidiary consolidated—.,
Minority
$2,279,881
12.700
_
F?d.
7,043,546
,
.
142,733
compens'n
transfer,
income,
into
960,069
contingencies'_iX;_Ji__—_„i——_j_!
and surplus
for
Reserve
1943
fees
1,546,741
c&bt/pajh'-within one year
•"Funded and longrLe;'!^ debf(-_^+p,4'4-:;
Accident compensation and. ppnsiqns. pay able
Reserve for fire insurance—_i'_—
$2,335,229
14,609
$2,322,839
ended
income
June
Funded and long-tci'm
of
801,227
522,595
12,225
$55,101
$28,667
unrealized
appreciation (after an allowance for State and other taxes but without
any
allowance for Federal income tax thereon) of the corporation's
assets on March
31, 1944, based on market quotations, or, in the
absence
of market quotations, on fair value .in the opinion of the
directors, was approximately $13,197,612.
The net unrealized apprecia¬
tion on June 30, 1943, computed on the same basis, was approximately
$11,723,873.
(2) Taxable dividends paid in securities have been taken
274,335
24,842,785
4,921,435
1,268,043
—_
24,722
_
_
Notes—11)' The
payable
pensions
18,012
__
ordinafy income,
Net
taxes
year.'__C^il2i^l—
income
& miscell.
months
3,032,043
-.2,056,911
compensation tand
one
2,106,763
3,084
securs.
_
for
Prov.
2,537,443
258,115
22,825,916
4,748,648
1,705,151
profits taxes accrued
exc.
in
income
stock
9,667,042
733,524
——
accrued—;
156.849
2,155,807
2 111.055
Miscellaneous; expenses.
3,551,155
9,424,317
733,528
801,244
3,251,634
141,369
2,330,831
....
,
(trade)—
—
Preferred dividend payable Jan. 1, 1944-1943—
Common dividend payable Jan, 6, 1944-1943.—
payable
121,079
Registration,
custody
Prov. for franchise, cap.
300,101,719 299,495,730
————————
—
Liabilities—
$34,027
105,000
Salaries
Directors'
ff
*'
$44,339
dividends
Management
•
1941
1942
obli¬
_
_
divs.
Ended March 31
1943
ether bonds
Taxable
of
1944
S.-Govt,
U.
Cash
23,221,615
49,614,359
————.
fiscal
share
market value of $11,914,690, followed
companies with a value-ot' $7,550,800.
for Nine Months
Account
earned—
gations
corporations.—210,000
210,000
Invest, in and advances to associated ore cos,—
647,683
646,966
lilnvest. in and advances to subs, not consol.—
729,177
789,908
Land, plants, mineral reserves, etc. (net)_u„__ 161,40.9,223 166,587,725
Corp.—Special
elapsed time of 21 minutes.
-•
dividend payments for the current
will be not less than the $1.25 per
extra
1944,
in /
other
in
and
31 ;
On
960,069
■
in the corporation's
increase
recent
The next largest holdings were
On
times.
System, we feel that the results might
helpful for the territory and the properties because it might
have resulted
Jones
City.
essential
we
securities
sundry
the
to
Income
receivables
long-term
contracts,
estate
5%
by the Couch group.
Joseph R. Brown, attorney,
Fort Smith, Ark.,
22,345 shares of common stock; John D. Ewing, owner of the
Shreveport, La., "Times," owner cf 9,500 common shares; Samuel 3.
Gilinsky, owner of the Gilimkv Fruit Co., Omaha. Neb., holder of 8,300
common shares; James J. Lynn, President of the U. S. Epperson Under¬
writing Co., Kansas City, Mo., owner of 10,000 common shares! Grant
Stauffer, President Sinclair Co?l Co., Kansas City, Mo., owner of
15,800 common shares;
R. T.
M. ore, Shreveport, La., lumberman,
owner of 2.000 common shares,
an'' John E. Bierwith, President of the
nominees
New
owner
2,056,911
was
the preceding quarter., -
regular
Total
22,872,063
50,941,850
share of $38.97 on
market value of $12,263,915.
a
Interest
$
.
—
1943,
public utility securities, with a
by securities of merchandising
bond
war
Inventories
within
Couch's
but unofficial capacity.' ;t
advisory
named
that the new group had
the annual meeting.
for
employees
from
collected
subscriptions and taxes withheld (contra)
accounts receivable
—
per
31,
ending June 30,
had
24,740,490
26,636,000
26,778,000
—
tNotcs and
Other
meeting of the board of directors, it was announced
Couch would retire as Chairman and director at the annual
a
stockholders'
15
headed by Kansas
business men.
Mo.,
Following
at cost
Government securities,
value
Dec.
paid during each of the past two fiscal years."
Oi| securities continue to be the largest 'single concentration
investment in the corporation's portfolio.
Such securities on March
1942
$
o
Since 1937-r-
Corp.—Reports Highest Value
as.'et
Miscellaneous
1943
!—
hand
on
774,853
p. 354.
that
are
5,830,000
18,170,000
488,213
1,000,000
29,790,182
1
1
banks and
in
net
year
Balance Sheet, Dec. 31
V:.
^is^cts1
1,522,968
8,191,568
2.701,502
1,634,073
2,300,972v
regular quar¬
in his letter
distribute to
stockholders substantially all of its net. ordinary income and to pay
any excess of such income over the regular dividend rate as an extra
dividend in the final quarter of the fiscal year.
Present indications
$4.10
$4.59
"Including maintenance and repairs, but not provision for deprecia¬
tion, depletion and amortization and taxes shown above,
tin 1943:
less approximately $1,500,000 debt retirement credit and $14,400 post¬
war refund;
1942: less approximately $1,850,000 debt retirement credit.
Cash
159,
over
share——______—
Comparative Consolidated
3,947,571..
income—
oper.
ry.
Referring
2,775,277
3,453,831
.—
__
—
Earnings per common
Interest
all practical purposes passed April 4 from a
2,929,970
3,201,848
—
.—
dividends
Common
Accrued
•
,
Control of company for
—
dividends
Preferred
Accounts
Ity.—Midwest
Southern
City
Kansas
taxes.;
taxes
contingencies-—-
for
474,342
terly dividend rate from 25 to 30 cents, Mr. Lehman said
to stockholders;
"It is the policy of the corporation to
10,141,690
—
profit————
and
Public Service
Jamaica
9,512,228
profits
excess
income
Other
taxes——i
income
84.031,308
1,346.876
813,628
9,604,329
15,346,992
railway—
railway
shares
37,149,121
1,519,218
__
13,526,603
4,462,247
1,988,224
843,410
income—
$4,752,857
1,236,335
January 1—
on
35.796,566
1,352.555
33.646,041
1,679,691
5,925,000
J_—— 13,725,000
.;/•
804,122
—A " 2,000,000
etc
charges,
other
before
Investments
The
1,499,482
—
Other charges.—
Cash
Pericd End. Mar. 31—
' 32,146,559
income„__
..
Department Stores, Inc.—March
Interstate
—
Sel.ing, adminstrative and general expenses——
Provision for doubtful notes and accounts
Profit,
612,311
43,649
.99,938
64,347
30,771
$27,983
722,528
129,029
payable ____________————
;
Provision for Fed., State and other taxes—
Account payable (Affiliated company—
Reserves for contingencies
_
—V.
other than income taxes..--—
Taxes,
$6,650,305
2,290,168
1,004,732
2,271,535
railway.
oper.
1941
1942
1943
1944
March 31, 1944, as against
announced by Robert Lehman, President
of the corporation, in a report issued April 6 covering the first nine
months of the company's fiscal year.
The asset value of 833.97 isthe highest
reported by the corporation since June 30, 1937.
The
past quarter is the eighth consecutive three months' period for which
the corporation
has reported an increase in the asset value of its
209,021,079 163,272,773
22,653,177 18,981,015
7,639,221
7,412,531
9,167,852
9,413,179
48,284
105,974
_____
depletion and amort.
Earnings—
$7,921,156
railway-
$37.71
and oper¬
cost
.
for depreciation,
43,890
___
937.
Lehman
$
Balance
Liabilities—
Accounts
Net
280,676,172 234,982,038
—_
107,503
74,435
from
—V.
1942
\
224.059
50,335
from
Gross
.Net
A
$13,219,227 $12 219,558
—
Reserves
"
•
producing
expenses
Provision
Other
Total
v/. *
_>
and
'••Manufacturing
ating
'
earnings__
and
Sales
495,432
209,220
52,771
p.
from
ry.
From
■
1943
Years Ended Dec. 31—
484.407
230,899
from
Net
.
1943
1942
$1,399,228 ^$836,028
1,239,130
500,000
333,248
403,487
105,378
137,90-5
13,688
39,609
151,499
163.208
58,548
30,771
9,781,150
9,946,236
302,889
126,816
—
bonds
Treasury
S.
'■
581,436
income
Lehigh Valley RR.
Statement of Income
Consolidated
Assets—
U.
■
159,
Net
312,497
railway—'—
open
February—
expenditures for capital additions and improvements during the
year
1943, completed or in progress at Dec. 31, 1943, amounted to
$8,791,329, including $6,902,178 for war facilities.
At Dec! 31, 1943,
unexpected balance on uncompleted authorized construction amounted
to approximately $7,400,000.
,*»■ <
23,292
•
railway———
from
ry.
Gross
51,164
42,208
25,201
26,903
$151,222
$271,886 "
132,821 "
January 1—
Net
—V.
J
117,725
:
120,545
1941
1942
1943
$253,422
$296,592
income—
1354.
-Earnings—
Ry.
1944
oper.
Net
Net
Dec. 31
Balance Sheet,
Cash
■
1942.
,
convert the present outstanding no par stock Into
issue one share of new stock for each share of'
railway—
from
Gross
1943 there was charged to income a provision of $3,000,000
amortization of war facilities as compared to $1,133,258 for
During
covering
..
ry.
From
year.
$976,031
960,'_00
$1.63
$982,540
720,000
$1.64
—-
—
Dividends
Net
for maintenance
1943
year
compared
$33,268,266,
replacements
$976,031
Cr30,771
30,771
$982,540
income
Net
from
,
and
railway——
from
Net
and
with $26,948,530 for the previous
the
during
expended
was
by-laws.
to
par
February—
Gross
those years.
There
$10
Lehigh & Hudson River
...
of
taxes
$3,101,347
Expenses incl. amort, and deprec——:
1,1,78,509
1,126,029
Fed. excess prolits and income taxes—.U-g,;. 866,093
920,881
Other corporate taxes.._——
64,276
G8.4C6
Gross
of
outstanding stock was approved.—V. 159, p.
1943
for
burden
tax
the
to
proposal
shares
amounted to $28,033,343, compared with
$31,900,744 for 1942, including Federal income and excess profits taxes
of $19,650,000 in
1943 and $24,000,000 in 1942, and taxes for unem¬
ployment insurance and o'd age beneiits under the Fed. Social Security
Act and the Federal Railroad Retirement Act of $3,382,398 for 1943
and $3,023,359 in
1342. Total taxes for each of the years 1943 and
1942 consumed approximately 75%
of the available net prolits before
74,066
——
The
V
1942.
The
1942
$52,708
17,720
-
I;:::::::;:::::::::::
Lqsj,
for
1943
$14,435
Calendar years—
cost
55,357
53,968
'
products,
tanks.
of Stock Changed
Garrard
of
proposal
amendment
including plates for ships
•
V
Rolled steel products sold and shipped during the year 1943 totaled
3,559,673 net tons, and sales and earnings for the year amounted to
$280,676,172. This compares with 3,210,992 net tons sold and shipped
and $234,982,038 of sales and earnings for the previous year.
The total payroll for the year 1943 was $105,471,580, compared with
$84,521,482 for the previous year.
The average number of employees
on
the payroll for 1943 was 39,101 compared with 39,620 employees
many
steel
rolled
finished
and
100
87,180
__
1943 was
net tons
at Otis Works, as compared with 4,548,844 net tons pro¬
duced in 1942, including 529,744 net tons produced at Otis Works in
the last six months of that year when it was operated by corporation.
In
1943 records were also established in the production of pig iron
and
,■
$98,882,653
1041.
p.
Winston of New York to amend the by¬
laws of this company so as to provide for the election of a full board
of managers each
year instead of the present classification method,
which provides that three managers be elected each year for a* term
of four years, was defeated at the annual meeting which reconvened
on
March 30.
The vote was 587,226 shares for the resolution and
917,463
shares against.
A two-thirds vote is required to adopt an
The
produced
;
__
taxes
Steel ingot production including steel for castings for
and totaled 5,124,846 net tons, including 1,061,331
record
lo9,
Lehigh Coal & Navigation Co.—Par
of
1942.
a
360
400
-
,
property
Operating
Net
1943
1944—2 Mos.
$396,978
lease
lor
Rent
as
1944—Month—1943
$199,471
§182,050
200
180
Period End. February—-
Operating
exceeded that of
for the year. 1943
the corporation
102%
Corp.—Earnings—
Telephone
Associated
Indiana
—V.
previous year.
Operations for 1943 were at the average rate
of the increased steel ingot capacity established Jan. 1, 1943,
compared with an average operating rate of 103%
for the year
Decline—
1944—12 Wks.—1943
.
$33,184,133 $34,789,791 $98,132,966
Sales
business of
The
any
Baking Co.—Sales Show
1944—4 Wks.—1943
•
,
Report for 1943—
Annual
110.
p.
Kroger Grocery &
Period End. Mar. 25—
the largest trade;
purchases by 70 firms; 1,000 was
333
and $223,070 in 1942. tLess reserve
depreciation of $4,082,593 in 1943
S. Treasury tax notes of $837,274
<1290,320 no par shares.—V. 159,
$197,386 in 1943
•Less reserve of
of
ICC
March
on
30
RR.—Abandonment—
issued
a
certificate permitting abandonment
by the companv, and abandonment o^ operation by the Atlantic Coa^t
Line RR. and the Louisville & NashviUe RR.( lessees, of a line of rail¬
road
of
a point 1.44 miles east of
Lexington, approximately 1.43
extending from
line
the
County,
The
at
Crawford to the end
miles, in Oglethorpe
Ga.
line
in
question was constructed in
1889, was acquired by the
*
Volume
present
Number 4271
159
in
owner
1900,
and
THE COMMERCIAL & FINANCIAL CHRONICLE
leased
.sale
to the Atlantic Coast
Line and the Louisville & Nashville in 1917.
Its present state of main¬
tenance is poor, and it is not in condition for safe operation.
The
salvage value of the recoverable material is estimated at $3,0G8.
'
—v.
'
124,
was
917.
p.
jointly
the
company
had received a credit of $1,047,724 and that $1,969,030 had been refunded.
Of the overassessment
$3,009,408 was for 1941, and resulted from the allowance of an unused
excess-profits
credit for
subsequent year.—V.
a
159,
1287.
p.
V.
directors
no
have
declared
class
value
par
Quarterly
12.
issue from March 31,
—V.
V.
159,
V.
9;
p.
dividend
a
stock,
A
of
10
payable June
distributions
of
$1
per
cents
1
156,'
V.
487;
1927;
none
Net
153, p. 751.
'
1
'
initial
an
dividend
of
the $5 par value common stock, payable June 1
on
10
cents
The
was
the
tion
restrictions.
shares
of
formal
which
legal step in clearing
The
stock
common
board
control
the
to
will
Trust
the
turn
Long
A
Island
committee
Lighting
$2.70
The
the
158,
for
159,
Co.—Plan
Meets
stockholders
•
by
the
company,
calculating machines,
been deferred, with
of
as
on
31,
1943,
Net
to
had
capitalization going
to the preferred.—V. 159, p.
B.
now
measure
The
sales
''Vr ' ■■■'
V.
F.
value
of
$1,212,-
1941
Inventories
May 16—
the
through normal
go
the
on
Net
from
Net
ry.
1148.
p.
■
-
of
Income
Second
Months
3
,
*61,026
21,828
from
ry.
4,402,206
5,879,379
6,273,531
1044
782,453
159, p. 937.
718,115
743,679
*58,579
*30,311
■
time
000,000.
tax
Income Statement—
December,
in
the
1943
1943
of
($52,489),
annual
Net
In
$1,497,868
$3,324,531
12
2,136,057
1,837,760
148,633
311,909
Cash
$3,068,608
898,687
282,724
305,429
is
included
247,228
620,651
$203,319
$255,912
Feb.
income
tax
42
200
months)
Total
29,
income
Int,
income
—V.
159, p.
$256,112
$203,362
purposes,
dividends
(110
and
43,609
63,793
87,839
$9,331,818
declared
in
$168,272
286,557
of
process
into
'
stock
have
24,111
-
4,886
—™
Dividend payable
ing
.
The
of
confirmed
has
SEC
the
appointment
of
Henry A.
Gardner
If
,
property. A majority of the capital stock of Louisiana
having power to vote for the election of directors is owned
would
—V.
150,
—V.
132.
p.
158, p.
share)™
Placed
1944
FebruaryGross
Net
from
Net
ry.
railway
railway
Gross
Net
ry.
—V.
1041.
April
15, 1944,
13,826,270
4,240,328
-
.
4,059,083
17,703,040
21,319,506
6,242,316
3,388,438
of
the
note
new
3,684,148
Hotel
being retired
issued
6%
,
in
Co., $60
bonds.
of
for
5%
were
exchange
5%
of
Of
of
Mack
and
for
trucks
new
total
the
the
civilian
old
manufactured
its peak within the next month, according to F. F.
of Mack-International Motor Truck Corp.
Due
the
the
to
War
certain
types
allotment
from
vehicles
and
trucks
Mack
authorized
has
now
will
in
of
stock
reach
users
being
who
can
with
along
6%
6%
needs,
manufacture
J.)
See
shares
of
the
former
have
never
made
obtain
a
available,
a
Mr.
certificate of
number of
Staniford says,
transfer from
to
$100
been
at
1,
$6
1935,
a
I
American Sugar
Sales
the
on
Sale—
-
■
1944—Month—1943
■v
V
,;
Madison
(Wis.)
Gas
&
•
From
159, p.
a
$2,727,496
159,
Period End. Feb.—
*
1944—3 Mos.—1943
Profit
1944—9 Mos.—1943
$123,735
Earns,
per
$129,555
$262,293
$0.52
share-
com.
$0.52
$1.10
,
$231,389
$0.94
dividend
Sales Up 8.1%—
stock,
par
158, p.
1,243,800
including provision for esti¬
profits taxes.—V. 159, p. 9.
$2,524,277
$5,134,239
$4,779,107
from
Net
ry.
Period Ended February
Operating
revenues
Operating
1944—Month—1943
•
Taxes
notes
that
$3,210,195
$2,967,836
1,287,781
2,587,482
2,037,175
1944.
408,204
Bank
for
1,017,040
180,930
23,932
33,324
62,448
42,485
serial
23,545
22,366
39,207
32,816
trustee,
222,574
crued
ry.
oper.
$165,088
$199,431
$298,484
$447,156
55,823
52,627
85,706
111,556
$220,916
$252,058
$384,190
$558,712
145,014
income-
Other income
From
income
Deducts, (rentals,
—
153,302
290,107
165
est,
Net
-V.
etc.)—
income-—.
159, p.
—
$75,902
$98,756
$94,083
$251,774
1%
for
4%
serial
be
redeemable
at
the
Chemical
Bank
&
Trust
in 1944; 1%
Co.,
ac¬
case
for notes maturing in 1945; and V2 of
1946
Gas Corp.—To Be Reorganized—
The United Gas Improvement Co.
has asked the SEC to approve the
to
1948
maturities.
the full redemption prices and accrued in¬
obtained upon presentation of these securities
See also V. 159, p. 1355.
payment at
Net Income
$7,539,619
$2,737,295
the company
not
are
is
and
after
net
of
amounts
for
of
$500,000
1943
including
income
tax.
the
in
,V-C ;
provision
income
net
profits
included
for
is
after
those
the
as
special
provision
arising
years
a
1942
of
from
war
and
1943
of
names
the
principal
underwriters
and
.
the
Corn..
24,000 shares; Piper, Jaffray & Hopwood,
Alex. Brown & Sons, 2,500 shares.—V. 159, p. 1356.
1944
1943
1942
1941
$1,207,294
303,238
$1,118,514
$1,095,032
$715,543
409,061
401,912
148,597
63,178
320,715
315,245
74,340
2,492,723
2,251,008
2,097,936
1,446,825
689,958
772,763
712,532
294,048
income—.
259,044
619,733
526,439
126,346
& Sault Ste. Marie
1944
railway
railway
from
from
$3, 780,004
Central
1943
$3,277,290
Ry.—Earnings
Ry.)
«
1942
1941
$2,717,003
$2,055,386
821,510
815,032
615,295
312,632
476,757
498,754
329,748
42,522
7, 799,893
6,357,997
5,624,791
4,221,676
1, 833,458
1, 084,542
1,216,517
1,177,605
650,413
635,512
538,755
83,555
income
railway
railway
income
1356.
oper.
Mississippi Central RR.—Earnings—
from
from
Net
ry.
1943
1942
$141,629
$111,689
$82,341
24,094
Gross
reported gross revenue for February of $132,938,
miles in February were 1,323,152, compared with
Mail pound miles were 38,071,563 compared with
40,965,609 in January, and express pound miles were 3,370,251 as
against 4,608,856 in January.—V. 159, p. 10.
corporation
passenger
1,337,630 in January.
65,031
38,912
32,730
26,950
13,922
343,724
280,845
124,694
52,428
62,958
209,415
63,324
39,271
183,733
118,064
income—u
from
Net
from
Net
ry.
—V.
65,839
28,561
railway
oper.
1941
1944
$184,599
railway
January 1—
railway
railway
.income
oper
159, p.
.
63,876
41,849
1042.
Missouri Illinois RR.—Earnings1944
Net
from
Net
ry.
From
Gross
oper.
1941
$191,87$
$170,525
96,538
82,325
81,673
36,774
income™
1942
$232,226
112,226
railway
railway
1943
$253,616
February—
Gross from
19,542
39,301
45,891
361,457
January 1—*
from
Net
Mid-Continent Airlines, Inc.—February Statistics—
Revenue
(N. II.)
will
terest to I^ay 1 may be
to the respective banks.
The
1041.
Manchester
1963 and
Broadway, N. Y. City, at the principal amount and
to redemption date, plus a premium of 2%
in the
notes maturing
of
series due
1944,
securities
306,938
inter-
*
mortgage bonds 4%
1,
these
notes
>
'
•
January 1—
ry.
From
interest
Immediate
Gross
May 1—
first
Aug.
of
"
"Net Income
.Ov
1941
February—
to Aug. 1, 1948, inclusive, are being notified
outstanding will be redeemed on May 1,
The bonds will be redeemed at 104 and interest at the City
Farmers Trust Co., trustee, 22 William St., N. Y. City.
The
98,605
Equipment rents, Dr—
Joint facility rents, Dr_
Net
due
all
$1,453,091
_—
_____
1944—2 Mos.—1943
$1,598,951
expenses
_—
of
"
from
v"
"
Years
Net Profit
subsidiaries of
railway
—V. 159, p.
Michigan Consolidated Gas Co.—To Redeem 4% Bonds
Holders
capital stock liability
Calendar
Operations
$7,447,093
the
would
railway——-
opei\
Net
Central RR.—Earnings—
Maine
the
1943,
above
stock outstand-
cents per share has been declared on
10
on
and
31,
shown
common
2,548,013
from
Net
1475.
and Notes
shares
Dec.
stock
been $3,731,400.
(Including Wisconsin
Gross
depreciation and other charges,
mated Federal income and excess
effective
common
3,228,848
Minneapolis St. Paul
Gross
"After
been
of
159, p. 1288.
Net
1944—2 Mos.—1943
the common
$5, payable April 25 to holders of record April 10.
Pay¬
year were as follows;
July 1, 10 cents, and Oct. 25, 15 cents;
ments last
—V.
of
had
special .contingencies,
oper.
Net
A
common
7,559,518
1944, as against 202 in
Memphis Natural Gas Co.—10-Cent Dividend—
Madison Square Garden Corp.—Earnings-
of
par)
shares of series D preferred stock underwritten by each, are
from
from
—V.
1355.'
p.
shares
an
effective
(no
1944—3 Mos.-^1943
1944—Month—1943
Sales
—V,
1944,
stock
12,468,986
1355.
Stores Co.—March
Period End. Mar. 31—
vote of 12,940 to 6,995, Madison voters on April 5 rejected a
proposal to purchase the company lor a sum not to exceed $11,500,000.
—V. 147, p. 3462.
By
28,
become
January 1—
ry.
Gross
McLellan
Electric Co.—Citizens Reject
the basis of two
on
shares
February—
Deal-
has
common
immediately after the effective date of such
action
February—
Gross
$5,162,654 $13,775,667 $14,156,697
$5,174,695
month last year.—V.
same
(par $3),
Grosp from railway™.
Net from railway
Net ry. oper. income
;•
operated 201 stores in March
company
incorporation
Minneapolis & St. Louis Ry.—Earnings—
to
Stores Corp.—March Sales Up—
—
The
,
the stockholders March
of
7,421,482
The
3,500 shares;
face
Refining Co., above.—V. 159, p. 9.
Period End. Mar. 31—
the WPB.
Meanwhile, the Mack plants continue to turn out an increasing num¬
ber of military vehicles for United Nations use.—V. 159, p. 1287.
30,000
Securities
Union
of
pre¬
Net
com¬
25,000
621,900
follows:
as
McCahan Sugar Refining & Molasses Co. of
McCrory
C__
12,802,287
Underwriters—The
Mayflower
of stock for each
$19,100
*
30,700
by $319,995
Net
the largest off-highway
single load.
Shares
B
previously reported have been decreased and increased respectively
as a result of 1942 renegotiation.
as
they will be entitled to $11,460
amount, plus $5,300.25 repre¬
May 1, 1944, and 1,146 shares
share.—V. 159, p. 1355.
their
at
Philadelphia, Pa.—To Vote
of
series
by
Sales, Less
reserve,
for
conditions.
1, 1944, from the proceeds
capital stock of the present
bonds
bonds,
*' S'r
(W.
civilian
essential
series
•
income
contingency
Staniford, President
limited
Outstanding
68,340,590
European
$425,00.0
at
been
capable of hauling 50 tons on
are
quoted
now
-■
commercial use.
Under- this controlled
authorized to produce models ranging
for
has
of
tide
mounting
Board
are
pounds gross vehicle weight up to
trucks
mercial
of
plan
9,000
The
urgent
Production
pool
monthly
Financing
When presented
called
now
May
bonds and six
the
exchange.
bonds
for
senting interest from Feb.
limited- number
at
interest
■
5%. bonds
corporation
Present
(31,747,912
Net
from date.
5,510,687
Mack Trucks, Inc.—Makes Trucks for Civilian Pool—
production
bearing
15 years
32,127,075
to
750,000
would have
consolidation.
privately
1,835,711
sented
A
placed
2,751,176
35,041,248
the
increased
stock, series D
certificate
been
——_
The
Notes
—
1,622,203
13,887,141
income
oper.
has
Company
D. C.
3,152,976
1950
ad¬
provision for income, capital stock and excess
(After deducting renegotiation relunds of $9,625,000.
Corp., Washington,
2,098,238
The
in
"Before
7,299,424
.
railway-.
railway
159, p.
$9,623,706
insurance Company a single note for $2,500,000,
dated
stock,
$24,247,811
1943
1280.
Privately—The
an
be
1941
2,204,647
from
from
to
stock,
Disc., Returns
3V2%,
payable in quarter-annual installments and at maturity,
From January 1—
Net
1941
$8,581,011
income™
oper.
with
1942
1943
$17,529,115 $16,165,040 $10;338,061
__
of
carrying
provision
greatly
the
Summary of Earnings for
/
1942
7,226,477
from
for
Effect
and Allowances
outstanding at Feb. 29, 1944—
Mayflower Ilot&l
Louisville & Nashville RR.—Earnings
the
its
94,074
taken
such
have
on
shares in treasury)
Louisiana & Missouri is unable to meet its debts as
they mature and desires to effect a plan of reorganization in connec¬
tion with or as a part of the plan of reorganization of The Alton RR.
by the Alton RR.
and
out
worn
assist
to
1,500,000, the number of shares of
•
carrying securities at market quotations)—Equivalent to $10 per share for 962,696% shares
of $1
par
value capital stock
(exclusive of 227,734(2
as
the
to
incident
par)
authorized
$201,323
(based
replace
management,
advisable
provide
stock outstanding,
of
been
31,316
Total
assets
to
pfd.
the
to
96,269
Net
the
is
Giving
action
applicable thereto
43,533
a
to
$3)
for
each
share of common stock
(no
par).
The
capital applicable to the outstanding common stock has been
increased, by transfer from paid-in surplus of the amount of $439,901,
to the sum of $3,731,400, being $3 (the par value) for each share of
number
$1,206
.
(.10 cents
of
preferred
(110
to
amendment.
.
needed
expense
preferred
Gross
trustee
a
times
(par
common
~r"
expenses
accrued
be
time
and
and
1,500,000 shares
stock
$9,825,028
Payable to brokers for securities purchased—not yet rec'd.
Payable for capital stock reacquired—not yet received—J_I
Louisiana & Missouri River RR.—Trustee—
'& Missouri
as
expanded.
three
amount of
•
85,232
Other taxes
1354.
than
more
reclassifying the 750,000 authorized shares of
42,920
sold—in
;
.
this
cumulative
amendment
_~
:
securities
Accrued Federal income tax___
$289,761
if
there¬
subsidiaries,
greatly
very
$20,917,453,
(par $100)
cumulative
"Pursuant
last
receivable..for
will
judgment
at
convertible
4%
78,500
brokers
the
stock
"Common
—
129,033
$139,568
•
_____
has
war,
its
and
company
the
were
Authorized
.
:
interest
from
Funds
Capitalization
4%
___.
Liabilities—
$418,794
$35,913
funded debt—__
on
Net
$79,522
of
1943,
and
1944
$8,486,218;
$8,457,775)—
—________
Accrued
Gross
31,
business
Preferred
delivery
79
income__
share
Shares
(average cost,
demand deposit-
on
Dividends
$418,715
133
ihcome
Miscellaneous
of
4V4%
Federal
Receivable
-529,408
$79,389
above
,
Operating
the
of
indirectly,
inventories
$99,054
,■
report.
Assets,
market quotations
at
for
1944—2 Mos.—1943
156,024
share
per
per
company's future require¬
ments, particularly with respect to conversion of its plants to normal
production and possible increased volume of peacetime sales.
5,911
:
______
1,081,474
Taxes
for
included
Income-producing
Non-income-producing
$1,622,317
___
business
or
Dec.
capital
.volume
Assets—
cost
1944—Month—1943
Operating revenue
Operating expenses
Depreciation
the
at
operation.
ditional
11,700
income
(exclusive of profits or losses on securities)
income
also
Securities,
.
Los Angeles Railway Corp.Period End. Feb.—
$108
$107
tool facilities to achieve low production costs.
Company expects to equip its Downtown Minneapolis plant, acquired
by it in December, 1943, for regular production after the war.
At the present time, the .company is indebted to banks under its
Revolving Credit Agreement Regulation V, in the amount of $15,-
$116,665
.
Statement
720,288
*258,418
...
at
at
necessity
$115,977
'
Federal
for
3,754,364
*234,875
income—_
oper.
'-'Deficit.—V.
Net
-
was
January 1—
railway
Net from railway
Net
1
^
Net income
From
Gross
and
obsolete machine
Fund, Inc.—Earnings
Ended Feb. 29,
J
Total
393,727
*70,949
redemption
1949,
war
688
Provision
*132,576
to
1,
of converting their plants and their business to peace¬
production,
Company's machine tools have, as a result
needs, received greater usage than in normal times and have
depreciated to a greater extent than would have resulted from peaceof
J..
.Income: dividends
Expenses
343,332
subject
March
before
During the same period, certain addi¬
have been provided
and
more
may
Upon cessation of hostilities and resulting termination of
contracts, the; company and its subsidiaries will be faced with
$1,871,167
411,628
is
on
time needs and
—
Statement
1941
$2,157,648
Corp.,
inventory on Dec. 31, 1941.
manufacturing facilities
war
of readings in time to place
course
price
159,
1287.
$2,892,269
income
oper.
15.—
tional
ballot.
Interest
1942
1943
1944
May
($3,044,376) will be available for the general corporate
the company and its subsidiaries as determined from time
by the board of directors including use as additional working
Since
Massachusetts Investors
of the
$3,128,685
378,971
railway^.-—
railway
stock
or
.
.
proposed remains $7,500,000, with the city paying $2,000,000 cash, probably out of the municipal railway surplus, and the
remainder put of Market Street Railway
earnings over a period.—
.
from
to
proceeds
time
the
-
Long Island RR.—Earnings
February—
D
on
.increased
Gross
April" 18
capital and in connection with the conversion of the company's plants
to peacetime production after the war.
which production and bill¬
gross
a
Dec.
is
be recapitalized on a one-stock basis, with 94.57%
reorganization for Midland
by trustees of those com¬
from
be required.
the
Opposition—
headed
of
filed
SEC
after.
which will
•
639.
p.
Co.
the
-purposes of
report,
893.
p.
series
redeemed
share.
a
in explaining its opposition, states that it believes the com¬
should
pany
$3.29
citizens of San Francisco will vote at the May 16
primary on
proposal to acquire the Market Street Railway properties.
Supervisors by; a 10-to-l; vote approved the charter amendment ordinance
soliciting proxies in opposition to ' the plan of
recapitalization proposed by the company.
Stockholders will be asked
to vote on the company's plan at a special meeting, April 25.
The
new
339,990
share
common
2,335,959
The
$237,626 and 30,216
company.—V.
preferred
representing
Chairman,
committee,
t745,991
____
the
of reorganiza¬
company
over
by
Piper, Jaffray & Hopwood
April 4 offered 30,000 shares
of 4% cumulative preferred stock, series D
($100 par)
?at $105 per share and accrued
dividends, from March
1, 1944.
' •
$6,359,136
$2.03
™___
Market Street Ry.—To Vote On Plan
in
,
Gray,
$4,185,303
1,010,696
339,990
i
Securities
.result,, directly
set-up
was
postponed
;and Alex,. Brown & Sons
1942
459,985
;
unfilled orders
the reorganization plan of
the company nine years ago, has been dissolved by Court action and
the Commerce Trust Co. of Kansas City, Mo., designated to handle
remaining routine detail, it was announced on March 30. This action
board,
plan
Utilities
Midland
1149.
;—Union
Control Board—
control
159, p.
joint
the
upon
been
V.
Kaufman.—
1943
■
__J
paid
According • to
to holders of record
•
taxes™
I
ing has necessarily
last
Mr.
After all
200.—V.
Dissolves
by
charges, including provision of $550,711 (1943) for Federal
income and excess profits taxes, after deducting the post-war credit.
(Renegotiation has reduced the 1943 net profit by $133,000 to $612,991,
.
May 4.
-
before
per
equal to
share
per
*
-
"
■
_____
profit
Earnings
Long-Bell Lumber Co. of Missouri—Initial Dividend—
The directors have declared
profit
Dividends
1754;
*
profit
"Net
since.
155, p.
344; V.
p.
on
this
on
vacated
Calculating Machine Co.—Earnings—V■
Calendar- Years—
■
record
of
made
were
1925, to and including Sept. 30,
158, pp. 2254,
share
per
holders
to
share
positions
and
has
Minneapolis-Honeywell Regulator Co.—Stock Offered
Gross
The
the
occupy
argument
Co.
panies
352.
p.
Marchant
Long-Bell Lumber Corp. of Maryland—Resumes Div.—
the
will
duty,
159,
trustee
as
'
•
"
May
Oral
United
was ■
serve
Zieres
property.—V. 158, p. 893.
Midland United Co.—Reorganization Hearing—
■'/
that
inactive
said
ager,
the
Resign—
Mandel, President, announced at the annual stockholders'
J. Slyvan Kaufman, Vice President and General Man¬
resigning both positions effective Sept. 1.
He will continue
as a director of the company.
Lt. Col. Leon Mondel, now on
meeting
1941
It
Middletown & Unionville RR.—Trustee—
The SEC has approved the appointment of Louis E.
X
Edwin F.
\
;
to
1942.
1449
Manchester
of
The Internal Revenue Bureau on April 4 announced that the com¬
pany had been overassessed $3,016,754 in Federal taxes during 1940,
and
in
Mandel Brothers, Inc.—Official to
Libbey-Owens-Ford Glass Co.—Overassessed—
;
interest
.its
(N. H.) Gas Corp. to Harold C.
Payson of Portland, Me. Mr. Payson, Treasurer of Lewiston (Me.) Gas
Light Co.," plans to reorganize the Manchester company.—V. 155, p. 2459.
:;v
•
..
of
from
Net
ry.
512,516
408,652
232,535
182,760
178,163
72,987
income—
498,073
216,737
railway
railway—
oper
60,785
86,325
104,071
—V. 159, p. 938.
Missouri-Kansas Pipe
A
the
compromise settlement
company,
against
W.
Line Co.—Suit Compromised—
in the case of A. F. Dixon, a director of
G. Maguire, President, has been reached.
'
with
tiled
$175,000, according to papers
Maguire paying Mokan
in the Federal District
Mr.
Court.
This payment
by Mr. Maguire is in full discharge of all claims
by Mokan or its stockholders against him.
In making the settlement, according to the Papers fJed, Mr.Maguire
stated that he was doing so "without ^needing that any wrong wh
ever had been done Mokan,"
but he Relieved it to be in the.tatjrejt
of Mokan and all concerned that all controversy
be put to rest.
March 31
159,
V.
''
1356.
p.
$2|64,134
2« «
s
ksmb5=z:
12.122.625
Net
ry.
—V.
12.603.911
6.753.136
4.619.119
railway..,—.
from
Net
3,305.378
4.255,837
1,898.088
1,415,937
1,880,502
981,056
159, p.
373,7
Insurance
railway
from
Gross
fromrailway-Z-ry.
—V.
income
1042,
oper.
159, p.
283,398
212,120
Telegraph Co.—Earnings
1944—2 Mos.—1943
$3,067,174 $6,956,484 $6,157,958
Mountain States Telephone &
revenues
1944—Month—1943
$3,462,510
—
5,686
S.665
12,335
14,714
$3,456,824
2,375,829
687,559
$3,058,509
1,954,586
688,412
$6,944,149
4,726,298
1,421,617
$6,143,244
3,991,369
1,320,654
$393,436
$415,511
$796,234
$831,221
259,793
Uncollectible
272,982
523,169
544,290
rev.
oper.
Lamprecht,
Operating
Operating
__
expenses
taxes
.
and
Procter
Bureau.")—V. 158,
See American
not
number
of
March
The
871
25,
at
1944.—V.
159,
—V.
159,
income
operating
income
Net
—V.
159,
1042.
p.
Myers & Bro. Co.—Earnings—
(F. E.)
Quarter End. Jan. 31—
+Gross
profit
admin,
Sell.,
$618,752
—
and
gen.
235,500
20,799
$378,509 Loss$ll,657
7,429
11,771
$523,898
$114
$527,576
148,500
$392,910
110,000
"130,500
profit
Operating
Other
(net)
income
income'
Total
.Federal
183,500
34,000
$385,938
—
income
taxes
profits taxes__
Fed. exc.
249.660
22,556
170,932
20,425
221,339
18,904
expenses
Depreciation
•
1941
$665,930
1942
$780,197
1943
$179,700
1944
$393,714
196
" V
3,678
105,000
(5)
Association—Output—
electric output
100,000
100,000
$195,576
300,000
$254,910
150,000
—$45,438
share——
$0.72
income
Net
Dr$99,886
Nil
Dr$104,424
$0.98
$104,910
$1.27
$145,438
____
—
Surplus
Earnings
per
$114
,
post-war refund of $14,500.
t After deducting cost
of goods sold, inr-luding materials, labor, and manufacturing expenses,
but before deducting provisions for depreciation.
"After deducting
Assets—Cash,
indebtedness
(at
Sheet, Jan. 81, 1944
$2,519,018; U. S. Treasury bonds and certificates of
cost), $949,138; U. S. Treasury notes, tax series,
$610,000; trade accounts receivable (less
reserve of $46,309), $568,251;
merchandise inventories (less reserve of
$58,002), $1,085,022; post-war refund of Federal excess profits tax
(estimated),
$24,950:
miscellaneous
receivables
and
other sundry
assets, $5,688; property, plant and equipment (net), $734,883; deferred
charges, $36,520; total, $6,533,470.
principal
and
amount
cost,
Liabilities—Accounts
payroll
including
payable,
provision
and
for
accrued taxes,
other
than
income,
$23,305;
Federal taxes on
income
(including
$255,000 for the period of three months ended Jan. 31, 1944, estimated),
$518,579," reserve for post-war adjustments and contingencies, $317,151;
capital stock (200,000 shares, no par), $1,000,000; earned surplus,
$3,676,295,' total, $6,533,470.—V. 159, p. 11,
liabilities
estimated
to
S.
U.
Government,
$998,141;
Nash-Kelvinator Corp.—New Vice-Presidents—
H.
for
C.
for
Nash
his
S.
L.
Skutt,
the
Mr.
Doss
Charles
sion,
has
T.
from
■
*
.
to
comes
was
about
territory
;
resignation
General
as
resigned
who
.
Vice-President
appointed a
charge of
in
sales
Division
postiion
Denver
company
been
Motors
new
appliances.
His
has
Doss
the
In
r
■
Nash
after
take
to
ago
also
and
cars
Doss
Mr.
succeeds
franchise
a
Kelvinator
for
■ • ■'
.
.
Manager,
weeks
two
Nash
for
-
Sales
27
-----
with
years
the post of General
Sales
Ford
the
Motor
Co.
of the Ford
Manager
General
Lawson,
been
appointed
Sales
Vice-President
a
Kelvinator Divi¬
in charge of sales of that
of the
Manager
division.—V. 159, p. 938.
Nashville Chattanooga
February—
Gross
from
Net
ry.
From
Gross
Earnings—
1941
1942
Net
ry,
333,250
325,154
174,100
178,017
For
7,006,765
6,226,876
3,537,509
The
each
2,415,663
692,353
966,299
1,276,826
385,033
income—
707,365
403,538
For
St. Louis—Change
in Provisions
second
In
meeting
voting
would,
7%
in
$100
of
on
a
effect,
par
stockholders
proposed
stocks
will
be
held
amendment to
change the
into
non-callable
a
callable
on
the
May
1
for
the
company's charter
provision
of first
and
whole
fh)
the
For
for first
ages
of
event
of
company
voluntary
or
has no arrears
involuntary
on
dissolution
of
the
its preferred stocks.—V.
company.
159,
p.
1042.
The
shares
if
affer
each
$2
thereon,
For
each
arrearages
&
necessary
•
.
corresponding week
last year.
Telegraph
Co.
—
Phones
a
March
small increase
the
in telephones
in
service
and
Ry.—Earnings—
1942
$478,325
700,325
499,767
278,756
74,870
326,535
172,343
264,709
78,222
$1,014,536
income___
oper.
1041
1943
$744,924
1944
railway____
railway__
from
ry.
$218,432
From January 1—
Net
from
from
1,964,007
159,
919,747-
451,372
902,576
520,128
16.3,706
669,994
321,028
501,352
168,031
income...
1388.
p.
RR.—Orders
Central
York
New
1,415,822
1,30^ ,°88
railway
railway
oper.
ry.
—V.
2,000 Box Cars and
Hoppers—
The
as
1,000 box cars and 1,000 hoppers from
subsidiary, according to reports in the
1388.
ordered
Inc., a
has
company
Despatch
Shops,
("Wall Street Journal.")—V. 159, p.
trade.
New York, Chicago &
increase : of $497,454
further improvement in
which
an
the
reflects
been
has
several
years.
of
'•
,
for 1943 shows net income of
over
the
concern of
paramount
a
.
..
the
preceding
year,
and
company's debt structure,
management for the past
•
indebtedness was cut by $5,409,227 during 1943.
Much
occurred in the last month of the year, and conse-
Outstanding
■■
St. Louis RR.—Annual Report—
Nickel Plate road's annual report
The
$9,188,026.
reduction
this
ouently the annual savings in interest that will result are not reflected
in the 1943 interest charges of $5,600,000.
It is estimated 1944 interest
charges will be approximately $5,300,000, or
annual charges of six years ago.
about $2,000,000 below the
with the $160,000,000 of debt outstanding six years
ago, the total indebtedness as of Dec. 31. last, has been whittled down
to a figure under $125,000,000.
Nickel Plate's earliest maturities now
consist of a bank lohn of $2,000,000 due in 1944, and approximately
—
As
compared
bonds due in 1947 which cannot be extended.
obligations paid off last year was the balance of
of mortgage
$15,000,000
Included
among
$2,795,200 of the old 6% notes, originally outstanding in the amount
of $20,000,000, together with the entire issue of Lake Erie & Western
first
3%
mortgage
of
amount
basis:
bonds due in
$6,036,000.
*
.
1947 which were outstanding in the
-
the
Outlining
one
share of common.
securities
new
within 60 days
has
representing 14 of its
shares may be exchanged
to be issued for such
following published notice
NEPA
of
common
become
effective,
and
any
not
so
pre¬
public
Turned
-
second
thereon,
For each common
Share
a
of
MP&L,
including
dividend arrear¬
1 l/10th shares
share, of $2 preferred and
*'
".
"
share of-MP&L,
one-twent.io^
share of MP&L
0f
a
share
of
one-fiftieth of
including
implemented
a
share of common.
through
transported
levels.
traffic
Of
which
counted
for
of
better
a
intrenched
the addition of 35 modern locomotives
years—10 of them in 1943—the Nickel
volume of freight surpassing all previous
record operating revenues for 1943 of $100,-
was
the
an
a
increase
of $11,351,153
1942,
over
freight ac¬
$94,975,099, or 95%.
operation contributed $3,391,892, reflecting the extensive
troop movements and greatly increased civilian travel.
Passenger
revenues were 66%
above those of 1942, establishing a new peak in the
Passenger
road's
passenger
service.
Average length of haul per ton of freight was 286 miles, as comoared
in 1942.
The combination of long hauls and unprecedented
with 269 2
of
volume
The
tonnage
Nickel
accounted for record freight revenues.
freight cars averaged 43% greater distance
Plate's
Der
1939.
The significance of this
increase the road would have
needed 43%
more freight cars than it actually operated to carry the
same volume of traffic at the .same tonnage loadings per car.
last
year
is
than
that
if
was
there
Taxes
cut deeoer into
amounted
to
the:case in
had
been
no
The Tax Burden
*.L
dividend -
common.
interest
the past two and a half
road
Plate
increase
,
the
in
position
yet been reached" and that the directors intend to pursue the program
of debt reduction until the Nickel Plate's credit has been reestablished.
day
shareholders of MP&L:
Program Continues
taken
steps
for the road, President John W. Davin stated in a
letter to stockholders accompanying the report that the "goal has not
financial
Better
NEPA, including dividend
preferred and 1 3/10ths
Reduction
Debt
-
built in
void.
one-half of
$2
the
for
plan
NEPA,
of its
7
presented
a
to the
common.
of
warrants
and
(or
will become
As
share
shares
shares)
NEPA
preferred share of
one-half
share of $2
fractional
preferred
representing
The
$2
of
shares
common
6%
sented
all
statement to stockholders which accom¬
31 at the rate of $1.50 per share,
vO',
telephone lines and offices have reached
in
from
Gross
common.
each
whole
p.
Net
including dividend arrear¬
preferred and 3 9/10ths shares of
dividend
Outstanding
provision.
event of such a call, it is
proposed to pay $140 per share
preferred stock and £125 per share for second preferred stock
a premium over par value of $40 and $25,
respectively.
present indenture calls for par value plus accrued dividends in
IV2
thereon,
arrearages
hv
and
be added to the lines until the materials situation eases."—
1388.
can
Net
share of NEPA,
preferred
$2
for
of Preferred Stock Proposed—
to
-
the
over
Telephone
degree to which
is indicated by
093,565,
each
of
4.42%
oi
payable
January
159,
Gross
common.
shares
Co.,
6%
thereon,
ages
subject
is
plan
the
New Orleans Texas & Mexico
Company.
Holding
Reorganized
592,957
2,828,226
to
1356.
February—
preferred shares and the common shares of the Re¬
organized
Holding Company will be used in exchange to the public
holders (i. e., holders other than the applicant holding companies) of
shares of said applicant holding comoanies.
No fractional shares of
the Reorganized Holding Company will be issued but fractional scrip
exchangeable for whole shares will be
delivered for such purpose.
Fractional scrip will become void six months after the date of issue.
1,149,844
f
V.
The
annum,.
per
proposed exchange will be on the following
(a)
As to the public shareholders of NEPA:
1,856.457
annually
$2
The
For
vnicn
4%
$1,355,462
159, p. 938.
purpose of
the
of
of
part:
phones
will
,
(4)
trustee
a
February—an increase of 1,434 telephones as
the corresponding period of 1943. This is despite a
higher volume of new orders held for facilities, totaling 51,986 at
the end of February, as compared with 2,561 at the end of February
in 1943.
In most of the company's exchanges, only war-essential tele¬
or
exceed
to
Co.
against 19,098 in
RIPS and NEPA.
funded debt is to be sold
for cash and the proceeds used in discharging (at principal amount
and accrued interest)
the present funded debt of NEPA, MUA and
NOBO, which debt will have been assumed by the Reorganized Hold¬
ing Company.
>
;:"v. •
(b)
2,594,423 shares of $2 preferred (par $27.50), or an aggregate
par value of $71,347,000, and being entitled to cumulative dividends at
the rate of $2 per share per annum before dividends are paid on the
common shares.
Such $2 preferred shares will be entitled in liquidation
to the par value and accrued dividends,
and will be callable at any
time on 30 days' notice at $33 per share and accrued dividends.
If
accrued dividends equal $2 per share,
the $2 preferred shares may
elect two directors, and if accrued dividends equal $4 per share, then
the $2 preferred shares may elect a majority of the directors; and
(c)
5,227,368 shares of common (no par), having a pro forma book
Value of $133,653,000.
Subject to the rights of holders of $2 preferred
shares, common shares will be entitled to one vote per share at all
times and will be entitled to dividends when and as declared by the
not
cants
for
Railways
years
all,
by
surrender
.
"The
funded debt consisting of obligations maturing
from the date of issue, with a sinking fund
a substantial part
of, securities to be owned
by the Reorganized Holding Company upon completion of the plan.
The
interest rate on
the funded debt is anticipated by the appli¬
20
than
secured
increase
p.
dividends
during
of
$60,000,000
earlier
the
Electric
through
United
of
reports number of kilowatt hours available for
England
in
the
497,052
railway
railway
special
companies, and
obligations of MP&L, NOBO, MUA,
the
capital structure of the Reorganized Holding Company
of
funded
debt,
preferred shares and common shares
(a)
and
bonds
price.
deposit with
to
saturation
follows:
not
therefor
pay
redemption
agreed
J. E. Harrell, President,
Net
The
consist
then
consummation
an
159,
said
Massachusetts
of the exist¬
it will acquire all the assets and will
949,959
National Candy
A
all
and
subordinated.
panied
Reorganized
the
$1,699,969
income
oper.
(called
$3,007,765
January 1—
from
common
holding
RIPS agreed to purchase
request of United Electric Railways on
plan RIPS will purchase the notes at
Gain—
reorganized holding company.
.
The Reorganized Holding Company will be a
voluntary association, either a new association or one
(3
the
May 3 On
the
$3,525,585
from
Net
—V.
railway
railway
oper.
1943
1944
from
Net
St. Louis Ry.-
&
on
be summarized as fellow's:
voting
trust will be terminated
may
(2)
directors
announced recently.
3
May
the
assume
upon
Under
subordinated
RIPS
The
New
hearing
a
and a single
Holding Company) will be
substituted for MP&L, NOBO, MUA, RIPS and NEPA to the end that
all of the operating utility companies now in the NEPA holding com¬
pany system,
with certain exceptions, will be direct subsidiaries of
ing
Balance
hold
company
time
amount
of
their
694,645
England Power Association—Hearing
MUA
(1)
1951.
in
In 1932
presented will become void.
its terri¬
tory for the week ended April 1, 1944,. as 62,292,382, compared with
60,567.878 for the week ended April 3, 1943, an increase of 2.85%.
Comparable figure for the week ended March 25, 1944, was 62,-
application of New
England
Power
Association,
Massachusetts Power & Light Asso¬
ciates, North Boston Lighting Properties, Rhode Island Public Service
Co., Massachusetts Utilities
Associates common voting trust (MUA
common
voting trust) and Massachusetts Utilities Associates (MUA),
subsidiary holding companies of NEPA,
for approval of a plan of
simplification of the New England Power Association holding company
system for the purpose of complying with the provisions of Section
11 (b) (2)> of the
Public Utility Holding Company Act of 1935 and
with the order of the Commission dated March 17, 1943.
The order
directed the applicants to take or cause to be taken such action as
may be necessary for the liquidation and dissolution of MUA common
voting trust and for the elimination of
MP&L, NOBO, MUA and
RIPS, respectively, as holding companies in the NEPA holding company
system, and to submit to the Commission a plan or plans for com¬
pliance with the foregoing and to take such further action as may
be necessary or appropriate to effectuate
the order.
holding
a
Weekly Output Up 2.85%—
V
1356.
proposals
pay¬
by the SEC and to approval by a U. S, Court having
with respect thereto, and upon such approvals having
been obtained, the plan and each of the steps, terms and provisions
thereof
will be binding upon
all security holders of NEPA, MP&L,
NOBO, RIPS, MUA common voting trust and MUA to the extent that
their securities and their rights thereunder are affected by the plan,-
for
will
Co.,
notice.
Association
SEC
The
'Dividends
of
—V,
The
for
approvals
the week of March 31 is reported at 135,813,000
cubic feet, an increase of 3,753,000 cubic feet, or 2.84% above produc¬
tion of 132,060,000 cubic feet in the corresponding week a year ago.—
159, p.
providing
1926
by RIPS, said bonds tb be applied to such purchase upon the
1928
remain,
year ago.
New
in
and interest on certain serial promissory
subsidiary, maturing $15,000 a year until
The present holder of the notes is United
principal
any
principal
held
In
1944—3 Mos—1943
$7,147,309 $6,958,815
the Association reports
week ended March 31
output
two
issued
including 1950, or until the earlier retirement of all of the general
and refunding bonds of United Electric Railways Company, $100,000
plus an amount equal to interest paid on subordinated bonds. The
obligations under this agreement to make future deposits and pur¬
chases will be cancelled under the plan but subordinated bonds will
kwh.
This is an increase of 446,607 kwh., or 3.75%
production of 11,898,684 kwh, for the corresponding week a
Gas
and any
Co., also a subsidiary company.
at
months'
their
12,345,291
above
securities to be
days following
jurisdiction
England Gas & Electric
New
For the
60
effective,
share of $2 preferred.
shares of $2 preferred.
one
RIPS,
of
warrants
and any not so
Cab
$330,000
cancellation
1042.
p.
Yellow
notes
basis
$2,547,805
effective,
1950 and
$21,522,930
decreased from 940 in 1943 to
new
within
$6,190.
These warrants will be paid if presented
following published notice by RIPS after a plan has
days
Electric Rys.
1944—12 Wks.—1943
1944-Month—1943
60
guaranteed
now
share
A
outstanding
of
six
for the
(or
presented
aggregating
become
1289.
$2,693,171
class
has
notes
Inc.—March Sales Up 5.7%—
Neisner Brothers,
Period End. Mar. 31—
Sales
if
each
RIPS
$7,898,838 $22,245,041
p.
shares
shares)
each preferred share of RIPS,
within
Simplification Plan—
Net
so
ments
above.—V. 159, p. 552.
operation
in
stores
for whole
whole
of MUA after a plan has become
presented will become void.
As to the public shareholders of RIPS:
>
RIPS
President, Etc.—
1944—4 Wks,—1943
such
For
Co.—Stock to Be Transferred
$7,795,198
Sales
share of common.
notice
For
Tea Co.—Sales Lower—
Period End. Mar. 25—
for
(e)
and
Sugar Refining Co.,
pre¬
voting trust will be terminated and liquidated and the
exchanged
be
may
successor
National Sugar Refining
if
shares)
presented
so
of
holders
published
such
V.
Operating revenues
1
National Indemnity
agents of the Na¬
President, succeeding
President
Vice
unfilled, no
whole
such
for
not
any
voting trust certificates will receive the shares of
the Reorganized Holding Company issued in exchange for the com¬
mon shares of MUA represented,by such
voting trust certificates.
Outstanding fractional warrants representing 47 preferred shares
of MUA and voting trust certificates for 123 common shares of MUA
Co.—Earnings Gain—
been elected
has
was
issued
be
to
and
»;
; J"
^
share of MUA, one-fifth of a
common
common
public
K. R. Procter.
Treasurer. The Chairmanship
being named to succeed W, H.
The board was reduced to seven from nine, with Mr.
Mr. Lamprecht no longer members.—V. 159, p.
1149.
List
A.
formerly
was
of the Board
of
Operating
MUA
President,
Baker,
National
the above company as a first step toward setting up a
Quebec Hydro-Electric Commission.
The bill provides for expropriation on
the basis of public service
board valuations, or $14 a share.
The company, however, does not
accept this valuation and is said to be prepared to carry the case to
the Privy Council if necessary.
It is stated that the transfer to public ownership could permit an
11.7% rate cut on the 1939 basis of operation, or 24.4% on the 1943
basis
through the saving of taxes and dividends.
As a private
company,
it pays approximately $7,500,000 in Dominion
and Pro¬
vincial taxes.
This sum would be shifted from electricity consumers
to the taxpayers as a whole.—V. 159, p. 1288.
Period End. February—
H.
Albert
He
of
system
each
For
,
National Refining Co.—New
Consolidated—Quebec
37 to 10 on March 31 passed
electrical and gas distribution
Quebec Legislature by a vote of
Government bill expropriating the
the
vV,;'"'1'
1640.
,
..
effective,
share of common.
one
stated billings in the first quarter in¬
dicated a gain of 10% to 15%
in earnings over the first quarter of
1943.
"Higher Jabor and material costs are being offset by increased
sales," he said.—V. 159, p. 1356.
Control of Stock—
Buy
to
The
y
National Gypsum
-!
Montreal Light, Heat & Power
Acts
791,936
477 168
1,077,961
625,349
226,886
1,162,808
655,277
1,108,577
584,002
203,608
-
Net
Net
SIH:SI| i|||
112,117
113,326
150,022
87,515
1941
1942
1943
W*-. IfSSS ;
income---
oper.
ry.
Department.
Melvin
1944
Pphruarv
Net
on/April 2
of the board, died
Ry.—Earnings—
Monongahela
,
,r
issued
1174.
N. Y.—V. 158, p.
Amsterdam,
is
tional
Inc.—Obituary—
77, Chairman
Ferguson,
W.
James
it
primary purpose for organizing the United
to provide casualty insurance facilities for
Fire Group of companies,
("Boston News
The
Co.
p.
at
v'
under the laws of
will have a paid-in
organized
anticipated
securities
new
ir
preferred shares and
for whole shares (or
exchanged
be
may
notice by NOBO after a plan
will become void.
Holders
of Share Trust
Certificates still outstanding of
the NOBO
Share Trust,
which was terminated in 1931, will receive the shares
of the Reorganized Holding Company issued in exchange for the shares
of NOBO represented by such Share Trust Certificates.
(d)
As to the public shareholders of MUA and MUA Trust:
For each preferred share of MUA, one share of $2 preferred and
the State of New York
capital of $1,500,000, a
surplus of $1,500,000 and a contingent reserve of $1,000,000. The funds
required will be provided by the companies of the National Fire Group.
Preliminary papers will be filed presently with the New York State
be
is
three shares of common.
within 60 days following published
become
has
Indemnity Co.
will
it
and
the
shares of NOBO
common
sented
Steps in the organization of a casualty insurance company have been
announced-by F. D. Lay ton, President of the companies making^ up
National Fire Group. The name of the new company will be United
.
Carpet Mills,
Mohawk
2(4
Conn.—New
Hartford,
Co.,
Insurance
shares of $2 preferred.
IV2
NOBO,
share of NOBO,
common
Outstanding scrip certificates representing 2(4
Casualty Concern Organized—
1.041.W8
income—
1041.
oper.
preferred share of
each
For
for
National
$6,191,650 $3,383,958
each
For
will succeed F. J. Bridges who
Fire
National
It
$5,8704960
Grossrf?om~railway-„-
As to the public shareholders of NOBO:
(c)
Corp.—-New Pres. of Hydrox
is retiring as President
of Hydrox Corp., operating division,
Mr. 8tewart was formerly Presi¬
dent of Rieck-McJunkin Dairy Co. of Pittsburgh.—V, 159, p. 1149.
National Dairy Products
E. E, Stewart
the
RR.—Earnings
Missouri-Kansas-Texas
Monday, April 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1450
.
.
*'
.
Nickel Plate revenues than ever before.
$20,564,020, an increase of 16.37%
over 1942.
Taxes
They cob-
Volume
the
Of
of the net operating rev¬
of the gross and 58 %
sumed more than 26%
enues.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4271
159
taxes
total
$22,500,000
for
was
Federal
and
income
profits taxes.
The 1944 Tax Act, enacted Feb. 25, 1944, in¬
the portion of the road's income that is" subject to excess
excess
creases
profits tax rate from 90%
v. '•
The
Nickel plate
management expressed concern over the man¬
power
shortage.
Due to the shortage of both material and labor,
repair and replacement work has not kept pace with wear and tear.
profits taxes, besides increasing the
95%.
in
United
will
equipment
acquired
be
the
from
England
New
Car
it
Co.,
was
Palmer, James Lee Loomis and Henry B. Sawyer, trustees
Howard S.
of
the
the
of
sales
equiment,
the
order,
Court
partly
made
terms
under
Under
payment would be
of a conditional
said
road,
balance
cash
and
the
will
2,000-horsepower road locomotives, twelve 1,000-horsepower
44-ton locomotives.—V. 159, p. 1388.
twenty
$57,860,663
3,391,892
2,042,606
906,906
279,910
314,379
319,917
304,531
„
Mail
231,563
141,365
„
Express
New York Ontario
1941
1942
____
1,040,243
870,739
87,815
86,455
Miscellaneous—passenger
of
'Maintenance
13,381,879
equipment..
10,597,044
1.608,605
1,567,299
...
Miscellaneous
operations
25,543,714
(Cr)____
for invest.
ry.
33,653
1,726,286
1,521,865
Total
12,096
.
$54,585,405 $46,470,511 $34,961,299
operating expenses———
45,508,061
—
tax accruals—.:
42,271,902
25,257,990
26,564,020
operating revenue..
Railway
*76,679
railway——
1,427,650
1,204,187
57,245
971,731
77,904
*60,195
37,502
5,457
*99,441
*79,944
*132,813
1—
income.—
oper.
855,408
159, p. 1150. ::
Niagara Hudson Power Corp.—Loses On Merger—
The
to
22,827,546
3 579,564
Commission denied March 31
York P. S.
New
permit
of
merger
the Niagara Hud¬
for reconsideration of the Commission's refusal
six of the system's operating utilities and one
petition
system's
son
single operating unit.
It held that the com¬
panies had not modified their plan or offered to submit further evi¬
dence that would justify reopening of the proceeding.
holding
Net
$409,965
*10,883
'Deficit.—V.
18,882,948
51,946
General
Transportation
Net
thinking
still
"are
utilities
The
into a
company
of perpetuating
terms
in
reclassified
the
errors
of
or an
the
aggregate of 3,519,891
reclassified
stock
common
the Delaware Company,
of
each
for
to
stock,
or
share
of
the
class
B common
all
of
stock,
all
the
of
aggregate of 683,102
an
reclassified
stock,
to
the
aggregate of 102,465 shares, representing 1.24%
stock, to the holders of the class B common
or an
the
reclassified
the
Delaware
of
of
of
8.32%.
stock of the Delaware Company;
the reclassified common stock for each share of class
0.1405 share of
.
lieu
Company;
fractional
of
Minnesota
fractional
1,474,960
28,838,778
45,723
....
Transportation
25,533
*27,912
railway.——
from
7,790,544
2,306,142
Traffic
$484,419
44,441
*20,084
from
Net
1941
39,631
*34,265
income—.
From January
Gross
operating revenues..
$100,093,565 $88,742,412 $60,219,289
6,984,222
5,269,425
•Maintenance of way & structures
8,404,378
Total
1942
all
of the class A common
In
1943
$613,643
oper.
stock
common
the
1944
$699,960
railway
from
ry.
903,983
101,890
Miscellaneous—freight
Net
Net
the
representing
& Western Ry.- -Earnings—
February—•
Gross from railway
of
shares
stock
$94,975,099 $85,195,311
Passenger
A
consist
Calendar Years
1943
>
Operating Revenues:
Freight
shares
of
42.84%
cumulative preferred stock of the Delaware Company;
holders
in
contract.
diesel-electric,
all
unpaid dividends thereon,
representing
shares,
2
switch engines and ten
Income Account for
General
accumulated and
holders of, the 6%
stated.
excess
to
$4,830,000 was approved on April 4 by Judge Carroll C. Hincks
States
District
Court at
New
Haven,
Conn.
The new
of
cost
1451
of
shares
stock,
common
scrip
certificates
will be issued representing rights to
exchangeable, when accompanied by other
Company
shares
and
of
such
scrip
certificates
representing one or more full shares of stock, for certif¬
such full shares, but entitling the holders
thereof to no
stockholders of the Minnesota Company until so exchanged.
If not so exchanged,
all scrip certificates will become void in five
years from the effective date of the amended plan.
(7) The Delaware Company proposes to transfer, without considera-.
tion, any assets remaining after the distribution of the reclassified
common stock and the
payment of the expenses incident to the con¬
summation of the amended plan to the Minnesota Company.
These
assets will consist of only a relatively small amount of net current
icates
for
rights
as
assets.
-
The Delaware Company
(8)
mation
the
of
amended
to dissolve upon
proposes
the consum¬
plan.
If this Commission should
the amended plan for the liquida¬
tion and dissolution of the Delaware Company, that company requests
this
that
inadequacies of the past and are unwilling to face the factual
realities of the present,"- the Commission said in a memorandum.
Commission
the
out
carry
approve
to a U. S. District Court to enforce and
provisions of the amended plan.
apply
terms
and
and
$18,944,040 $19,444,356 $21,678,426
Operating income
<nett___
facility rents (net).
Equipment
Joint
rents
Dr5,100,310 £>r5,688,496 Dr3,641,629
—
£>r578,529
Z)r532,879
Dr468.681
$13,265,201
$13,222,981
$17,568,115
1,193,925
1,087.059
516,625
401,894
income
Other income
Total
—
:
inGome~=—
Interest
debt
on
Income
sinking & other
to
funds
$9,089,173
and
depreciation
amortization,
'Includes
1943, $3,192,952 in 1942, and $1,874,946
Comparative
of
31
1942
$
$
investments
Other
Cash
Other
———_
—
assets
.
—
Unadjusted debits
—
Total
608,213
3,518.675
4,537,441
stock
:
4,858,220
225,288
preferred, series A—_—
cumulative pfd. stock, ser. A
6%
,316.402
and
interest
Unmatured
wages
accrued
i
liabilities
'
_
credits
Unadjusted
36,057,771
35.216,409
—
Funded
debt retired
•Profit
and
through income & surplus.
loss
—
22.650
1,450
200,724
130,087,918
2,000.000
1,174,437
7,408,054
1,540,557
25,740,267
2,773,596
93,373
——
_____—_
liabilities
current
Deferred
——
(Cr)_______—
payable—._
liability™—...
tax
Accrued
—
car-service balance
accounts
Audited
Other
payable
bills
and
Total
$13,196,000
159, p.
income
$2,444,542
725,548
696,418
1,500,051
Z>rl8,396
Dr26,970
1,872,435
55,562,558
941,251
Dr30,198
tax
operating
1.773,583
the
inc.
from
Net
Connecting RR.—Earnings—
ry.
1943
1942
1941
$199,260
$192,564
$204,498
$323,089
75,821
55,670
88,779
251,949
160,468
railway—
oper.
66,626
92,456
223,847
—
income—
From January 1—
from
Gross
Net
from
Net
ry.
—V.
440,955
income—.
156,420
220,159
214,399
660,922
441,704
321,607
railway—
409,219
199,414
railway
oper.
511,331
481,495
233,516
Interest
Net
improvement
obligations,
In
--V.
Co.—Bank Loann^
159,
simplification
a
with a commer¬
cial
bearing interest
from 3% to 4%, which, with additional*cash/:of isome $600,000, will be
used to acquire, the open 5%%
mortgage^oh $1,421,589 on the New
York Dock Trading Facilities Building, and to redeem the $1,198,550
of the
5%
notes still outstanding.
•
>.<
,//.,■ i.y,
suggests that
the
long-term
prospects
are
concerned,
the
President
anticipated post-war conditions warrant "the conclusion
increasingly important factor in inter¬
that the company's services and prop¬
actively in these relations after victory has been
foreign trade will be an
national relations and indicate
that
erties will participate
achieved."—V.
159,
p.
New York, New
tion Ruling
A
decree
of
1043.
Haven & Hartford
RR.—Reorganiza¬
Appealed—
Federal
of
Hincks, approving a revised
the Interstate
Locomotive Order Authorized by Court—
—A
Net
$1,720,607
$5,026,438
$3,857,656
176,136
176,166
352,272
352,391
pehition...authorizing this
road to purchase 42 .locomotives at a
debt
$5,322,428 $11,675,946 $10,627,460
6,095,672
6,798,759
3,041,880
$2,214,062
$3,505,265
$4,674,167'
$1,544,441
Exchange
Stockholders—
asked
has
company
approve
the
Securities
and
1,413,925
3,251,667
2,322,872
$799,568
$866,623
$1,625,520
$1,708,916
781,375
,784,958
1,558,311
1,565,019
income
159, p. 1044.
Edison
Ohio
Co.—Earnings—
Period Ended February—
$2,400,729
$28,751,762
$25,624,832
927,952
792,826
10,418,852
8,468,143
289,322
280,676
3,385,404
3,386,436
2,474,721
2,366,618
expenses
for
deprecia¬
amortization
and
taxes
Federal income'taxes
Fed.
profits tax_
excess
1,310,300
4,319,700
3,583,300
$6,633,485
$6,510,035
$585,429
292,094
290,700
3,473,203
3,499,634
$227,553
$294,729
$3,160,282
$3,010,400
'
and
Int.
6%
and 5'/2% preferred stock
which is to be retired.
Any unexchanged stock will be sold to under¬
writers
for .resale to the public.
The annual dividend requirements
on
the new preferred stock will aggregate $1,100,390, which is a re¬
duction
of $277,078.
There are
220,078 shares of preferred
now
for* its outstanding 7%,
exchange
exact'
The
V.:-;: ■:
of
terms
exchange,
the
price
:■ underwriters,
to
and
Net
deducs—
other
The
6%
-V.
stock
for
number
equal
an
plus
preferred
of shares of new
159, p. 384.
an
155,576
1,755,655
1,866,923
$139,151
$1,404,626
$1,143,477
879.
p.
Natural
Gas
12 Mos. Ended—
Operating
.
Co.—Earnings—
.
Feb. 29, '44 Feb. 28, '43
-
un¬
$14,133,955 $11,940,495
6,225.123
5,154,844
805,000
1,133,440
2,254,000
700,100
112.000
131,330
1,719,044
1,539,125
revenues
Operating revenue deductions
Federal
normal
Federal
cash payment.—V.
determined
99,943
$127,610
stock
%
Oklahoma
preferred is $115 a share, of the
of the 5%% preferred $105.
will be offered the right to exchange their
stockholders
Preferred
pfd.
on
159,
■ '
the
and
$107.50
—
Balance
of the 7%
price
redemption
preferred
income
Dividends
offering price for resale to the public will be filed by amendment.
excess
and
.
surtax
tax_"
profits
State income tax
Power Co.
States
(Del.)—Files Changes in
Common Stock of Minnesota
States
all
owns
Power
thq
Co..
Retirement
Would Reclassify
Dissolution Plan With SEC—Program
Other
(Del.).,1 a registered holding company
stock of Northern States Power Co.
on
Income
for its liquidation and dissolution.
A summary of the
which hearings will be held April 26, follows:
(1)
Northern States Power Co.
(Del.), proposes to discharge the
open account indebtedness in the amount of $7,530,852 owing by it to
Northern States Power Co. (Minn.) by (at the surrender to the latter
amended
for
Net
the
by
Delaware
Federal
for
income
(The
Company
tax
sum
to
of
Minnesota
the
refunds for
a
Company
1,
of
sum
of
at
be
time
any
available
and
capital
Company
its
common
the
(4)
3,518.889
shares would be $82,542,780.
Company proposes to take
Delaware
The
to cause the Minnesota Company to reclassify the remain¬
ing 3,518,889 shares of the common stock of the Minnesota Company,
then having an aggregate stated value of $82,542,780 into 8,216,228
shares of common stock (no pari having a stated value of $6.75 per
or
an
the
transfer
,
paid-in surplus.
(5) The Delaware
date
but
of
the
not
It is proposed to
aggregate stated value of $55,459,533.
amount by which the stated value of
of the Minnesota Company
amended
paid,
during
the common stock
wiil be thereby reduced, namely, $27,08.3,241
the effective
accumulated,
proposes, at or prior to
to pay in cash the dividends
Company
plan,
the years 1942 and 1943 on its 7% cumulative
6%. cumulative preferred stock.
Such payment
of $5,542,066 and will amount to $3.50 and $3
stock and
require the sum
per share on .the 7%
cumulative preferred stock and 6% cumulative
preferred stock, respectively,
;
(6) The Delaware Company proposes to retire its outstanding capital
stock of all classes by a distribution
to the holders thereof of the
8,216,228 share of the reclassified common stock of the Minnesota
Company as follows:
10 shares of the reclassified common stock
for each share of 7%
preferred
will
cumulative
ing
preferred
stock of the Delaware Company and all remain¬
accumulated and unpaid dividends thereon, or an aggregate of
shares, representing 47.60% of all of the reclassified stock,
the holders of the 7% cumulative preferred stock of the Delaware
3,910,770
to
Company;
9
shares
cumulative
of
the
' '
reclassified
.
common
stock
for
:
each
.
.
,
share
bonds,
bonds, series B 3%%, due Aug. 1, 1955,
C 3%, due April 1, 1956, are being
bonds will be redeemed and paid
series
the
Y.
"
Wall St., New York, N.
48
.
.
outstanding
Y.—V, 159, p. 1388.
.
Y, City—Bonds Called
One Park Avenue Building,.
mortgage 6% 'bonds have been called
redemption as of May 6, 1944, at 100 and interest.
Payment will
be made at The Continental Bank & Trust Co.; trustee, 30 Broad St.,
All
of
outstanding second
the
for
York, N.
Y.—V. 155, p. 1925.
action
necessary
share
York, N.
All
New
the corporate
mortgage
The series B bonds will be redeemed at their prin¬
interest, plus a premium of 4%% of
1944.
6,
date.
for the declaration of dividends
to then transfer such paid-in surplus credit to the
represented by the then remaining 3,518.889 shares
stock.
After such transfer the aggregate stated value
first
of
mortgage
that all of these outstanding
Interest on the bonds will cease on the redemption
' ' ' '
'...' .'
$5,50 convertible prior preferred stock will be
redeemed on May 16 at $110 per share, plus 68;i4 cents accrued divi¬
dends, and $3 dividend preferred stock will be redeemed en April 26,
1944, at $55 per share, plus 20 8/10 cents accrued dividends.
The
stock should be surrendered for cancellation at the Bank of New York,
New
to annually
commencing
an
class of its stock,
Concurrently with the
stated
$3.39
principal, and the series C bonds will be simitarly redeemed except
that the premium is. 414% of the principal amount.
Bondholders also
have the right to immediate payment, upon surrender of the bonds to
The Chase National
Bank of the City of New York,
11 Broad St.,
Company pro¬
aforesaid surrender, the Minnesota Co.
proposes to credit its paid-in surplus with the excess, namely, $3,367,778, of the stated capital represented by the 481,111 shares over
the amount at which such shares are to be accepted by the Minnesota
of
962,500
$2.87
share
common
the
any
(3)
first
May
on
amount equivalent to equal annual installments on
$7,457,220 (namely, $333,905 in the year 1942 and $445,207
the years of the period thereafter), which retained surplus
1942,
shall, not
on
319,000
273,165
preferred
preferred
on
cipal amount and unpaid accrued
is
Federal
each
and
notified
to be surrendered is equivalent to about $15.50
stated to represent the approximate cost of such
Company as determined by it for the purposes
income tax laws. ' The stated capital represented by
and
poses to agree, pursuant to an order of this Commission,
retain in its earned surplus over a period of 163,4 years
the
319,000
273,165
770,000
$5.50 convertible
on
Holders
of
the Delaware
(2)
April
846.527
$2,457,518
Calls Securities—
against
481,111
credit of $73,632
at which the
$7,457,220
481,111 shares is $10,824,997, or $22,50 per share.)
In connection with the foregoing,, the Minnesota
the
864,714
$2,170,129
—
Earnings per
proposed
are
to
the
of
$3,304,045
dividends
Common
481,111
indebtedness.
shares
22,389
$3,034,843
_
deductions
income
Dividends
shares of the presently outstanding 4,000,000
par) of common stock of Northern States Power Co. (Minn.)
credit of $7,457,220 against such indebtedness, and
(bi an as¬
of
share
per
$3,281,657
16,055
income
Dividends
(no
a
$3,018,788
plan
company
shares
accruals,
(net)
income
Gross
common
March 31 filed with the Securities and Exch. Commission an
,
reserve
Utility operating income—
Company—
proposals on
to
1,519,600
$519,647
income
Gross
741,7991
962,158
cumulative preferred stock
in
in
1944—12 Mos.—1943
1944—Month—1943
$2,699,079
revenue
Provision
Commission
Exchange
plan by which it proposes to issue 220,078 shares of new
(par $100).
The stock is to be offered
a
3,387,063
income
tion
Preferred
'
1,634,538
operating
Gross
.939.
p.
to
The
to
of
Judge Carroll ,0.
Commerce Commission for the reorganization
of the New Haven, was taken to the Circuit Court of Appeals in New
York bv. the railroad and 11 other interested parties.
The railroad, as principal debtor, took an appeal from Judge Hincks'
decree of March 6, on grounds that the decree upheld the ICC in its
refusal to fix a definte value of the "principal debtor's right to use
the line of the New York & Harlem River RR. and its use of the
Grand Central terminal." and that the Court failed to provide for any
equity for common and preferred stock of the "New Haven," and that
the total valuation of the New Haven
property under the approved
plan "is not reasonable."
The New Haven, in the past, it was said, placed a value of $43,000,000 on the right-of-way on the New York & Harlem River road
and its entrance into the Grand Central terminal.
The Pennsylvania Railroad, as one of the appellants.' asked that the
New Haven be permitted to continue in its present state and "have
an
opportunitv to emerge from its difficulties without reorganization."
The Pennsylvania owns 19%
of New Haven common "siock and a
substantial amount of preferred stock.
Others joining in the appeal
were the Merchants National Bank,
Boston:
the protective committees for common and preferred stock¬
holders and Housatonic bonds, Rhode Island Hospital; City of Boston;
Commonwealth of Massachusetts; Webster & Atlas National Bank;
Old Colonv RR. protective committee and the Bank of The Manhattan
Co., New York.
- '
' •
■
plan
Net
167,588
$2,390,197
Northern Indiana Public Service Co.—Plans
shares
material
outstanding
of capital1 structure: and savings in interest
1943 reveals steps being taken to effect
the company's position iwith regard to
The company announces that it/has arranged
bank
for
a
secured $2,000,000
five-year loan
as
taxes
General
charges.
Insofar
1,108,816
income
claims
New York Dock
6.124
14,458
3,125
$5,821,169
expenses
Operating
such
report, for
$3,917,623
81,441
funded
on
signment
159, p. 1043.
The
$1,639,167
541,543
income_
Gross
Minn.)
1944
railway
from
Net
$1,848,655
(bal.)_
items
Northern
February-
7,561
revenues
Operating
46,971,381
representing capital stock in the hands of
$5,325,553 $11,690,404 $10,633,584
$5,828,730
$3,690,068
income_
oper.
ry.
Other
which
Gross
Operating
Operating
79,859
29.111.863
oper.
1944—2 Mos.—1943
1944—Month—1943
___
rev.
revenues
Uncollectible
1,435,815
Z)rl5,583
Corp., above.—V. 158, p. 2584.
$2,284,451
1289.
New York
Period End. February—
Operating
$5,278,914 $10,158,151 $11,108,524
4,317,769
7,713,609
8,824,073
$961,145
21,752.539
the company at date of merger, April 11, 1923.—
public contributed to
V.
471,796
outstanding, v
326,089,711 304.742,188
—
—
'
♦Includes
99,523
727,646
Consolidation
Proposed
—
'
Ohio Bell Telephone Co.—Earnings-
335,527
$1,138,690
Ry.
2,443,603
1,550,863
Co.
Home Products
American
See
5,350,396
121,299
accruals——
revenues
oper.
Northern
'
336,056
6,175,162
$4,695,987
3,557,298
33,746,734
22,650
1,450
200,724
122,678,691
%—
Long-term debt
and
expenses——
Net ry.
5%
—
cumulative
Traffic
1 78,262
2,710,029
49,907
245,181
269,248
conversion:
for
Premium on
Loans
operations
General
,281,670
33,746,734
36,057,771
—
Common
6%
Miscell.
Offer
liability
Stock
173,195
3,026,459
57,494
478,387
line
Transportation, rail
326,089,711 304,742,188
-
—
cumulative preferred stock, series A
6%
of
Maint.
,191,258
Liabilities—
Common
Maint. of
—V.
3,436,834
assets
current
Deferred
—-
—
_—.
Pharmacal
Abandoned—
——
Special deposits
Material and supplies..
of this
output
40,880,000
Norwich
1944—2 Mos.—1943
1944—Month—1943
revenues.—— $12,428,101 $12,003,628 $25,573,688 $24,354,353
2,730,073
2,280,402
way & struct,
1,359,212
1,166,629
4,708,184
5,325,299
equipment—.
2,637,366
2,374,703
Ry. oper.
Net
transportation property—— 248.220,916 245 ,395,483
,888,455
;
27,279,100
,791,459
34,013,236
in
Investment
of
Norfolk & Western Ry.—Earnings—
$409,687
1943
totaled
Peripd Ended February—
Ry.
Assets
the proposal involved issuance
assets.—V. 159, p. 1289.
Equipment rents, netJoint facility rents, net_
$8,592,438 $12,588,529
retirements
in 1941.
Balance Sheet. Dec.
Condensed
98.163
98.134
98,853
._
balance
Income
in
6,870,870
5,830,455
$8,690,571 $12,686,691
that
companies'
of the
excess
Traffic
$9,188,026
———
applied
reserve
5,595,356
.1
income
Net
in
asserted
and
customers
securities
404,203
3,532
3,532
5,327
equip..
and
roads
for leased
,
$14,975,751 $14,7.11,934 $19,752,768
187,376
191,675
187,043
I——-
deductions
Miscellaneous
Rent
income-
operating
railway
'
•
company for the week ended April 1, 1944,
kwh., as compared with 38,122,000 kwh. for the
corresponding week last year, an increase of 7.2%.—V. 159, p. 1388.
Electric
1,780,450
benefit
Net
Dividend
Weekly Electric Output—v
rejecting the plan for consolidation on Jan. 21 the Public Service
Commission stated that the companies had not shown that it would
In
of
6%
preferred stock of the Delaware Company and all remaining
Outlet Co.—To Pay $1 Common
(The)
The directors
common
^tock,
on
Dividend—
per share on the
payable May 1 to holders of record
distribution of $1.25 per share was made.
follows: Jan. 25, $1.25; and May 1, Aug. 2
April 1 .declared a dividend of $1
no
par
value,
On Jan. 26. last, .a
April 20.
Payments in
and Nov. 1,
1943 were as
$1 each.—V. 153, p. 112.
Owens-Illinois Glass Co.—Annual Report—
The
than
report reveals that the company now
its current liabilities.
has no indebtedness other
,
profits taxes were provided for in the
amount of $17,793,800, as compared with $18,378,870 for the year 1942.
This decrease is largely a result of the tax settlement, through which
Federal
income.and
excess
therefore, the amount of income
been increased,
.
paid during the year 1943,
equivalent to $2 per share.
These dividends were paid at the rate of
50 cents per share oh Feb. 15, May 15, Aug, 15 and Nov. 15.
The company's surplus at the close of the year
1943 consisted of
paid-in surplus of $10,698,150, which is unchanged since 1936, and
earned surplus of $387568,043, which is increased $6,796,479 over the
preceding year.
Of this increase, $4,155,888 is due to the excess of
earnings over dividends paid iduring the year 1943.
The remainder,
$2,640,590, relates to income tax settlements for the years 1929 to 1936,
inclusive, arrived at in 1943, together with certain book adjustments
earnings for the base period years and,
exempt
from
Total
cash
excess
profits
dividends
of
tax
have
$5,322,408
were
the
for
Statement, Years Ended Dec.
Consolidated Income
of
sales,
-■—
172,132,405 152,230,527
-
Interest
Other
40,104
debentures
on
interest
Premium
/ ..'Net
profit
28,336,478
684,801
1943
Sales
—
326,576
sell.
& gen.
and
Maint.
18,388,981.
748,591.
.
for
profit
Net
4,158,600
13,406,400
20,846
14,220,270
47,861
4,595,000
18,996
2,713,085
plans
Disct.
purch.,
on
32,875,056
9,194,548
9,040,149
5,322,408
6,653,010
2,661,204 - 2,661,204
9,478,297
5,322,408
2,661,204
-
(After
940,994
which
1290.
p.
53,534,163
7,620,000
week
21,544,011
33,816,050
of
7,790,000
7,850,000
8,650,000
451,000
371.000
17,784,163
16,865,050
16,016,011
273,973
263,054
4
1
Assets——
1
U
and
Inventories,
cost——
at
—:
Deferred charges
Liabilities—
5,573,330
4,240,978
274,056.
289,873
1,100,429
28,646
Accrued wages
.
——-w——1,266,711
Accrued interest on debentures
security .taxes..——:
Long-term debt
1,000,000
——
1,566,500
1,390,161
——
repairs and contingencies
income
1,534,636
—
60,000.
———J———
___
surplus
—_———4-
—
surplus
—
31,771,564
112,135,509 105,502,744
2,743,984
2,743,984
2,743,984
2,743,984
$6.52
$6.58
$6.24
$5.91
share—
and $3,040,000 in 1942,
credit Of $2,910,000 In 1943
and
■
Improvement and lease.
in banks
Cash
U.
S.
and
Government
Deferred
:—
-
,
hand____
on
Telegraph Co. (& Subs.)—Earns.
receivable
Taxes
35,897,000
„__
—L,
—
11,901,000
2,880.714
one
•
excess profits tax credit
Mortgages receivable
a
3,040,000
64,795
(no par)-_;
———
payable and accrued liabilities-
*
40,272,964
Undistributed
surplus of subsidiaries.
55.963,815
1,418,419
1,187,380
2,548,226
—175,321,272
•Less depreciation
owned by
and
materials.
raw
eum
full
attain
to
Net
income
5,910,000
6,412,210
(net)—
Dr228,00G
Dr289,153
25,095,000
Dr736,000
176,164,463
159, ,p. 1044.
started
Total
5,682,000
6,123,057
24,359,000
23,837,268
3,487,886
income
interest
f__
deductions
3,131,000
1,031,317
744,000
1944
1943
1942
1941
$724,762
8,372
•179,182
$714,336
$481,803
operations
Net
*56,563
Net
railwayrailway
ry. oper. income—
to
go
conjunction with the company's new research laboratory
at Phillips, Texas, where even closer coordination of operations with
precise laboratory control and research supervision will be possible.
*43,189
*70,985
*213,960
*166,809
1,385.074
from
from
nearing completion. Other specialized war
into production in facilities now being
are
or
soon
are
$400,063
56,103
1,382,580
1,024,966
789,368
February—
Gross
and is expected
■■*..
of
compounding
and
constructed in
Pennsylvania-Reading Seashore Lines—Earnings-
24,673,732
Dr836,464
operating
steadily increasing,
1944.
V'\\V
output is
during
manufacture
final
the
chemicals
Other income
Its
capacity
synthetic rubber
into
finished
products,
numerous
special ingredients are required.
The company has developed,
through its own research, three such
unusual and essential chemical products, plants for which have recently
of $506,564 in 1943 and $446,847 in 1942.
reserves
<
operated by it for Rubber Reserve Co., is producing
quantities of high purity butadiene.
This is delivered to the
In
—V.
cash..
nearby Government-owned copolymer plant, where it is processed into
finished synthetic
rubber.
The Plains Butadiene Plant was one of
the first in the Government synthetic rubber program using petrol¬
40,925,399
—_
total of $19,334,000
completed Plains Butadiene Plant in the Texas Pan¬
Defense Plant Corp. but designed and built by the
recently
large
37,199,897
2,703,596
59,903,638
—.J
for
a
stock at the rate of
principal amount of debentures and $666,000
for each $45.50
redeemed
handle,
33,822,767
41,716,876
33,822,767
stock
called for redemption. As the result,
into 424,007 shares of common
were
company
tax
addition
_
Liabilities-
.
Accounts
in
February, 1944, the company sold to the public $40,000,000 23A%_
due 1964 at an issue price of $101. The pur¬
pose was to retire $14,595,674 of long term notes payable, the balance
to be added to working capital and used from time to time for corpo¬
rate purposes as the management may determine.
,
The company
never
has been better fortified with "raw material
reserves, diversified income, and strong financial position.
175,321,272 176,164,463
-
shares
up
was
and
converted
The
Total
or
In
5,007,380
47,782
—
net income, after all charges,;
$3.04 a share on an average
compared with $13,129,458, or
in 1942.
1
J
a
This
sinking fund debentures
57,222.453
499,213
5,982,352
Post-war
shows
$14,168,422,
provision
share,
per
share
was
853,310
5,133,491
r
of
4,449,533
on
$11,863,570
1951,
64,895,094
30,014.600
-
report
taxes,
shares outstanding.
share
a
was
1,669.303
79,061,100
491,156
and miscellaneous)-.
(trade
subsidiary companies
'
47,143,699 210,547,000 178,642 782
30,572,385 136,265,000 117,104.343
10,159,104
49,187,000 36,864,707
53,708,000
■
1942
679,317
Merchandise
Investment in
159,
for Federal taxes on income, equivalent
$4,138,570.
Total direct taxes amounted
an
estimated $31,000,000 was col¬
lected on the sale of the company's products. Reserves and retirements
were
$26,053,960, an increase over 1942 of $2,556,595.
t', Capital expenditures for the direct ownership of plants and properties, exclusive of expenditures made for the Plains Butadiene plant
on behalf of the Government,
amounted to $44,696,614. An additional
investment of $5,260,337 was made in the stock of other companies,
principally Panhandle Eastern Pipe Line Co.
Most of the capital
expended was for acquiring and developing underground reserves of
crude oil, natural gas, and other raw materials and for constructing
or enlarging manufacturing facilities which will be useful in peacetime
operations.
V';.'Hr^.,
During 1943, all of the company's $20,000,000 principal amount of
convertible 1%% debentures, issued in January, 1941, and due Jan. 1,
$
10,017,602
:
*1944—12 Mos.—1943
'$ •' ' "* **•:':.
*1944—3 Mos.—1943
Period End. Mar. 31—
.
Operating revenues
Operating expenses
31
60,005,728
10,340,800
—
securities-
charges
Accounts
and other income deductions.—V.
1944,
1,
annual
and
$16,039,004,
2,824,535
1,423,422
depreciation)-^
Surplus
Pacific Telephone &
1943
$2.54
$
9,331,659
buildings
provisioh_.
Reserve, for fire losses^ etc.
1151.
p.
49,404,795
10,698,150
38,568,043
V;
————
——
———
159,
52,812,979
Furniture and fixtures (less
Federal
~V.
57,151,195
Dr41.284
Consolidated Balance Sheet, Dec.
Common
Total
13,419,920
Assets—
•Land
are attached, appropriation
dividends on capital stocks of.J
Co.
assets,
for this company and its subsidiaries for the
amounted to 128,721,000 kwh., an increase
10.51c over the corresponding peiiod of 1943.—
output
April
to
shares
com.
♦After post-war
33,265,050
33,265,050
10,698,150
Capital stock ($12.50 par)
Earned
19,695,745
19,628,860
-
1, 1943——
Sinking fund payment due Aug.
411,464'
552,367
Accrued property, sales & other State taxes—_,
Accrued
Federal
income,
capital
stock and
Paid-in
13,719^920
par)
3,842,466
6,331,819
Customers' credit balances——___———
Deferred
(no
Earnings per
641,196.
/
*
electric
The
-
Surplus
Outstand'g
112,135,509 105,502,744
payable and accrued expenses—
for
13,7*19~920
1943
—1
Total
16,539,094
45,602,460
46,080,222
579,773
4,337,942
depreciation-—-—
Licenses, patents and goodwill———-—
Reserves
70,871,115
prior year's
taxes (net)i
511,807
5,535,735
Property, at cost, less
social
75,041,968
62,865,999
5,119,846
10,346,468
of
J
4,668,320
$2.95
16,230,609
66,532,899
;
—
of
inc.
Fed.
Philadelphia
by the public,
Phillips Petroleum Co.—Annual Report—
46,635,390
61,322,048
Total
Adjust,
of
revaluation
to
1,000,000
-*13,813,965
———
at cost
for
ended
The
of
13,719~920
5,110,000
series, due 1944-45—
securities
Investments and other assets,
Accounts
11,216,067
440,000
19,000,000
for
etc.
charges, amortization of debt dis¬
to reserve for payments (made to
interest
appropriation
guarantees
reserves,
214,598
17,128,104
49,404,795
18,058,136
$
99,900
securities, at cost.//.—511,807
accounts receivable (less reserve)-^*
9,712,259
S. Government
Marketable
Notes
1943
1
all
for
27,000
52,812,979
17,890,772
57,151,195
.'■■'$
12,023,905
'j
„
Treasury notes, tax
S.
Other U.
Profits of subsidiaries—
1942
insurance companies—
with
deposits
Time
17,659,r/33
231,039
_,
Dec. 31
and on hand_——.——.—-
Cash in banks
profit
«
Consolidated Balance Sheet,
'
income..
12,266,000 kwh., or
159, p. 1389.
V.
5,130,000
profits tax. *26,460,000 *27,360,000
Other income taxes500,000
600,000
surtax
'
1942.
.
1943
1944
$61,479,416 $56,604,062
18,026,667
17,111,158
8,039,162
7,933,752
Philadelphia Electric Co.—Weekly Output—
The
•
•
$50,630 in
.
.
revenues.
expense,
reserve
940,014
excess
Net
1151.
obligations of street railway companies payable under leases
on
to
Fed. normal income tax
and
and
others)
in-
52,239.733
Fed,
Philadelphia Co.)
- ;
net
deductions
count
20,603,997
996,889
p.
operating expenses, maintenance, taxes,. appropriation
retirement
and
depletion reserves,
amortization of leaseholds,
subsidiaries held
52,537,274
159,
int.
and miscell.
ree'd
operating
to
51,110,428
fully
$9,000
♦After
2,686,150.
1,129,305
$3.56
$3.46
$3.40
Including depreciation of manufacturing plants and -amortization
of leased equipment:
1943, $3,712,791, and 1942, $3,678,741
tAfter
deduction of credits for debt retirement of $1,323,000 in 1943 and
$1,529,400 in
1942, and post-war refund of $166,600 in 1943 anc^
per
tirement
and
bonds
revenues
tConsolidated
3,359,541
4,454,839
61,180
outstand. at Dec. 31.
share
—
of shares
Earnings
3,932,768
4,445,656
4,094,300
d^idends paidJ----^---
Cash
No.
year
•Net
1,400,000
1,409,363
4,387,400
1942
refund for
Operating
«
278.490,713
696,159
1,379,915
______
Y.
Pittsburgh Rys. and Subs, and Other Street Railway Subs,
Calendar Years—
1940
in¬
than
taxes
N.
coupon
the unpaid balance.—V.
of
Company contrib. to re¬
1,389,127
annuities—
Payments to service retire, trust—
Federal income tax and surtax.—
(Federal excess profits tax—
State and foreign income taxes
service
Renegotiation
19.137.572,
29,021,279
28,763,486
—-—4
income
Total
Past
amort
other
come
$87,000
a
registered bonds for
(Not Inch
429,005,861 427,478,200 338,163,965
932,325
1,325,298
989,337
1,680,735
1,813,412
1,610,585
repairs—,
and
Deprec.
Taxes
>
&
expenses-
include
called
at
Philadelphia Co. (& Subs.)—Earnings—
377,571,711 304,539,326
489,888,091 490,295,173
—
sold
mdse.
of
Broadway, New York,
100
bonds
44'-,'/;4 J.
.J-/-$
s
1, next, $96,000
3bonds, due 1970,
The New York Trust
of May
as
portion of the latter being called in part.
In the
of registered bonds called in part the trustee will deliver coupon
case
or
redemption
mortgage and collateral trust
Payment will be made
interest.
trustee,
The
44<
■'
,
.-
1941
1942
.
-'v-i'v
$
Cost
94,495
27,978,076
785,409
,—__—
—.
195,271;
11'aq^
651,512
Other income
54,485
628,250
2b,754
1,746
7,431
'
•
Calendar Years
Subsidiaries)
(Includes Wholly-Owned
and
registered bonds,
to open any new stores.
This was a decrease of
company's record sales of $490,295,173.10
Consolidated Income Statement for
;
/
106
Co.,
not considered wise
totaled $489,888,090.
was
year
1,096,624
'or'™!
'
retired.—
and losses—
Sundry expenses
An A
579,000
588,,500
debentures
on
252,083
it
the
for
$407,082, or ,08from the
in 1942. 4/
refunding
at
Because of governmental restrictions on
and because cf the shortage of desirable
construction
and
9,381,017
12,747
JO,543
—-
—
bonus ———
Cash discount on sales
Provision for doubtful accounts
Management
Sales
30,323,289
on-'w
of
earned
called for
have been
; There
in operation—one
there were 1,610 Penney stores
before.
year
mei'chandise,
n~<
95,231,868
f®,794,924
42,745,543
gen.
the
than
materials
12o,555,157
Q(-
profit and net oper. revs._
and admin, expenses—
Mfg.
less
iw'
10=
129,386,861 111,4-5,602
ent, development,
Sell.,
c<v,
—
twice the amount of net profit
about
or
the end of 1943
At
>
share,
per
Pennsylvania Water & Power Co.—Bonds Called—
.
:
,
share.
per
1941
royalties paid, patetc., oper. exp.
ating revenues
•Cost
—
,
^
Federal income, surtax
$12.50
$
sale?, royalties and other oper-
amounted at cost
31
1942
1943
Net
securities, consisting chiefly
of series C tax notes,
to $10,340,800.
and excess profits taxes for 1943 approximated
Government
connection with such
by the settlements.
to 1943, inclusive made in
off intangibles created
1929
years
settlements and to charge
Monday, April 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1452
~
Statement for
---A-Income
Calendar Years
1942
.1943
I
'
income
Net
Dividends
4,938,000
21,228,000
4,306,563
20,918,000
20,349,382.
18,456,875
$1,51
_
5,091,740
4,922,000
_
_—_y__
$1.57
$6.63
$6.27
Earns, per com. share—
from
Net
from
Net
1944, cstimated.- -V. 159,. p. 1151.
*Month of March,
-•
From January 1—
Gross
ry.
railway—.
income—
52,769
*70,413
*402,198
March 29 registered with the SEC 4,000 shares of
preferred stock ($100 par). Company proposes to offer the stock to
customers and others at $100 per share,
No underwriter is named.
Proceeds will be used for working capital.
,
Calendar Years—Net
sales
Other
1943
-
Detroit, Mich.—Earnings—
Total
♦Cost
Earnings (Inch Engineering Specialities Corp., a sub.)
income
and
Res.
Res.
for
Res.
.
for
508,455
257,415
Combined
—V.
159,
//
$1.19
—
,
sales, store
for
$2,662,455
230,299
129,112
Total income ——$3,236,736
$2,791,567
It
is
income
Co.—Increases
Insurance
charges
that
announced
the
during
in War Bonds
was
recent Fourth War Loan an addi¬
purchased, and that Penn Mutual
p.
dividends
Earnings
per
Airlines Corp. — Withdraws
Central and South American Route Applications—
Pennsylvania
President,
Associated
announced,
service
Press
in
by
will
but
way
dispatch.—V.
with its plans for a
airports, according to an
1389./
,
'
.
continue
floating
of
159,
p.
.
in
Calendar
Net
profit
Earnings
'
yearsr—
after
per
...
taxes
share on 164,888
1943
*$499,003
1942
loss$53,913
$3.02
Nil
.
,.
——
——
shares-
common
♦Includes $74,769 transferred from reserve for catastrophies.
Output of the mines last year was 1,950,364 tons against 2,181,895
tons in 1942.
Company has leased from Clearfield Bituminous Coal
Corp. a tract of D Seam coal consisting of about 1,650 acres, estimated
to
contain
about
8,000.000
company's present No.
be
started
tons
of
coal.
22 Moss Creek
immediately,—V.
159,
p.
This
mine
new
tract
and operation
adjoins
the
therein will
641.
'
equal
proiits
to $6.52
the calendar
for
year
of
1943
amounted
$17,890,772,
share on each of the 2,743,984 shares outstanding
The profit figure compares with $18,058,136, or $6.53
per
at the year-end.
per share for the year 1942.
The ratio of current assets to
current liabilities is about two to
Cash on hand and in banks on Dec.. 31 amounted to $60,005,728.
one.
U. S.
613,680
9,372,341
*$3.04
9,372.351
paid
—
in
stock
common
(Less
$2.32
outstanding.
post-war
V
banks
and
Balance
'
"
Sheet,
Dec.
Accounts
inventories
Cash
investments,
banks, less
future
(less
——
/Liabilities—•
u
46,481
Long-term
391,620
10,415
Serial
517
•
Other
140,335
3,114,880
l
Est.
bonuses
to
executives
and
on
store
income
managers.
1—_„
(Reserve
Capital
surplus
Earned
—
surplus
—V.
159,
1
p.
1290.
1,703,324
♦After
'
,
J
1,181,201
annuities—
296,375
;_u.
par)
(no
for
1,000.000
3,745,669
3,036.742
——$153,823,969 134,531.650
—1
reserves
489.965
1,000,000
57,535,260
52,739,178
281,218,007 257,333,294
depreciation and depletion of $223,280,136 in
1942. (Less trust funds, past service annuities
78,846
1943 and $211,299,183 in
44,765
42,048
of
2,454,740
49,400
______
38,608.431
449,875
...——
_____
289,579
28,707,827
insurance
contingencies-:
stock
1,500,000
11,526.324
107.235
yy.
surplus
Total
132,984
4,929,616
$735,836
shs.
in
1943
and $427,000 in 1942.
and 4,492,980 shs. in 1942.
in
1943
$Represented by 4,916,987
47,437
5,431,929
1
Total
273,660
2,104,525
Earned
10,063,940
271,789
2,094.492
1.500,000
——
retirement
for
for
for
257,333,294
17,518,270
debt
Reserve
13,097,852
19,455
3,416,220
—
—
credits
Deferred
.
______—1
_______
2,454,740
reserves
3,543,995
281,218,007
....
contracts—
130,647
payable
stock
Common
•
$1,537,447
373,434
141,080
taxes, etc..
...
____________—
taxes
accruals
Long-term
...
Government
notes
Accrued
Common
wages,
2,950,809
./
obligations
$1,606,836
Unpaid and accrued salaries,
4,256,407
payable
Purchase
'
payable
ad¬
■' ;/
170,143
$12,337,3,56 $11,200,103
-1'
Liabilities—
Accounts
contract
8,862,400
Total
.
Reserve
Total
26,175,617
and
year.(less reserve)
reserve)
4,365,706
104,100
Goodwill
12,922,847
—__———32,499,190
due after one
Accounts
2,900,045
operations
assets, at cost, less depreciation—_____
2,000,000
100,288
11,985,437
______
plant? and equipment—
:—205,917,876 188,723,196
Prepaid and deferred charges..—2,027,484
2,738,554
1942
700,000
178
reserve
18,177,990
101,078
receivable
accounts
fnvestments
$2,260,004
l
deferred to
Charges
Fixed
etc,
deposits
closed
in
15,568,135
—
vances
; j'\
40,400
503,258
10,295
Inventory of supplies
Contract
HI
1,207,388
187,624
...
^ ;
1942
S.
Notes,
and
$2,631,073
...
31
1943
Treasury tax savings notes
S.
Inventories
and
4,752,994
less reserve
receivable,
Merchandise
at Dec.
♦Properties,
1943
" \
hand——
on
Sheet
savings bonds————
Notes and accounts receivable (less reserve)
'
•
($2.95
(On 4,449,533
>; -
'
U.
$2.16
^
,
amortization of $323,031 in 1943
refund of $153,338 in 1943
and
shares outstanding.
*pn average number (4,668,320)
Cash
613,680
United States Treasury ser. C tax savings notes
Miscellaneous
to
7,725,000
13,129.458
;
J
1,026,786
1942.
Assets—
Cash
Mortgages
Net
on
depreciation
Estimated Federal taxes
(J. C.) Penney Co.—Annual Report-
13,811,303
14,168,422
income
shares
$1,059,359
'
Consolidated
Loans,
Pennsylvania Coal & Coke Corp. (& Subs.)—Earnings
16,269,279
—
562,757
—1,380,041
—
1942.
Central
-
The corporation
has decided to withdraw applications for routes
through Central and South America and the Caribbean area, C. Bedell
transatlantic
share
♦Including
$357,338
775.
142,664
$1,140,993
profits tax.
excess
income
$114,075
158,
•'
U.
in U. S. Government securities—approxi¬
one-third of the company's assets.—V.
6,014,643
11,863,570
taxes on
Consolidated Balance
to
Holdings
Net
holds nearly $300,000,000
Monro,
—
...
Common
tional $25,000,000
mately
expenses..
income
144,883
Estimated Federal income and surtaxes...—570,819
Life
785,159
3,671,419
5,392,815
income
Fed.
Dividends
30,423,508
$3,006,437
Miscellaneous
Mutual
45,136,981
1,592,187
4,391,866
Earnings per share—:;
of War Loan Bonds—
now
warehouse gen.
operating,
profit
(Estimated Federal
Penn
99,232,759
devel. costs...
depletion & lease amortization—____
deprec., retire. & other amortization—
for
Net
32,295,052
Operating
.
$0.9!
879.
p.
104,623,754
——-
—
intang.
$391,543
$511,061
income—-
net
charges
$35,301,489 $33,085,963
administrative
other
Earnings, per share
income
$648,957
profits taxes_
excess
store
of
and
$1,019,515
taxes
Federal income
1942
1943
Calendar Years-
before
298,435
144,369,740
Interest, charges—r
$34,758,181 $32,603,813
543,307
482,150
———
store
J
1942
Prov.
Consolidated
690,597
income
Operating
Peoples Drug: Stores, Inc. (& Subs.)—Earnings—
.
Pfeiffer Brewing Co.,
Income
157,611,297 144,071,305
158,301,893
♦377,309
Total
on
company
-
-
Inc.—Registers With SEC—
Peerless Imperial Co.,
The
income
Other income, net
*122,206
*254,626
♦Deficit.—V. 159, p. 1044.
1
operating
53,678,139
44,036
*419,254
railway.—
oper.
Gross
$12,337,356 $11,200,103
Buyg Gas Leases—
See
Shamrock Oil &
Gas
"
Corp. below.—V. 159, p.
(Continued
on page
1484)
,
974.
...
.
'
Volume
Number
159
THE COMMERCIAL & FINANCIAL CHRONICLE
4271
Stock and Bond Sales
DAILY
NOTICE—Cast' and deferred
V
New York Stock-Exchange
co>
WEEKLY
-
delivery tales are disregarded In the day's range. unless
we
furnish
Stock Exchange
Daily Record of
daily record of tne transactions in Treasury,
a
during the current week.
U. 8. Bond Prices
Apr. 1
Apr. 5
Apr. 4
Apr. 3
High
Total
sales In $1,000
Low
Daily Record of U. 8. Bond Prices
Apr. 7
Apr. 6
Treasury
111.13
2%s, Dec.,
{
1964-1969
in
Apr. 5
Apr. (i
100.3
100.4
York
100.4
100.2
1C0.4
100.2
100.3
Low
100.2
100.4
100.4
$1,000 units
Apr. 4
1965-70
Total
sales in
$1,000 units
100.5
100.5
100.5
100.5
3
[Close
100.5
100.5
Low
—
100.5
100.5
2%s
Apr. 7
0
4
H
100.5
[High
j Low
1944-54
?
bonus on the New
100.3
Apr. 3
[Close
Total sales
units
[ High
48,
coupon
the year.
100.3V
Apr. 1
r High
111.13
\
4V«s, 1947-52
the New York Stock Exchange
on:
Home Owners' Lpan and Federal Farm Mortgage Corporation
111.13
i
range for
Figures afteriiecimal point represent one or more 32d of a point. (See note below).
[Close
Treasury
YEARLY
-
tbey are the only transactions of the day. No account Is taken of such sales in computing the
United States Government Securities
'•
Below
1453
1
3
High
3%«, 1946-56
(High
Low
—
[High
Low
„
ay4S, 1951-53
Close
Total
sales in $1,000
Close
Total sales in $1,000 units
-{ Low
3y8s, 1946-49
High
[Close
sales in
$1,000
2Vi8, 1952-55
Low
units—
Close
Total
j High
sales In $1,000 units.
Low
3VaS, 1949-52
High
[Close
sales in $1,000
Total
Low
•
units
I High
Total
2y4S, 1954-56
Low
units
Close
High
Total
Low
3s, 1946-48—
sales In $1,000
units
[High
{ Low
Close
Total sales In $1,000
2Yes
Holiday
units.
1956-59
[Close
High
1,
1951-55
3s,
Low
[Close
Total sales In $1,000 units
High
3y*S, 1944-46—
\
2%s, 1967-72
Close
Total sales In $1,000
Total
Low
sales in
$1,000 units
Holiday
[Close
sales In $1,000
Total
High
2s,
units
1947
Low
I High
Close
Total
| Low
2%s, 1955-60
sales
In $1,000
units
(Close
High
sales In $1,000 units
Total
2s, March
1948-50
low
( High
Close
\ Low
2%s, 1945-47
Total sales In $1,000
units
[Close
sales In
Total
High
$1,000 units—'
2s, Dec.
High
Total
Close
sales In $1,000
Total
High
2b, June, 1949-51
Total
(Close
sales In $1,000
units
sales in $1,000
111.9
{ Low
[Close
1956-59.
Total
2s,
Total sales In $1,000
units
Hign
2s,
Low
sales in $1,000
| High
{ Low
1949-1951
5
1958-63
Total
Sept.,
[Close
111.9
units
Total sales In $1,000 units
units.
[High
;
High
1950-1952
March,
2s,
Low
1960-65
Low
pec., 1949-1951
Close
Close
2% 8,
units
111.9
Hign
2%S,
sales In $1,000
—
I High
23/48,
■{ Low
[Close
Close
Total sales In $1,000 units
sales In $1,000 units
Total
I High
[High
1945
2%s,
2s,
Low
•
Sept.,
[
1950-1952
Total
sales In $1,000 units
[High
2%S,
Total sales
Total
sales In $1,000
units
[High
2s
Low
Close
1953-55
] Low
[Close
Total sales In
Holiday
units
l%s
[Close
1948
Total
2%8, 1956-58
Federal
sales
in
$1,000
units
Low
3s, 1944-1949
[Close
units
Farm Mortgage
[High
-j Low
1
Total sales in $1,000
Close
—
Total
f High
-I Low
2%s. 1962-67
Home
sales in
Owners
$1,000 units
Loan
(Close
Total sales in $1,000 units—
[High
series A, 1944-1952
3s,
...
] Low
1963-1968—
Total sales in
units
[High
Low
[Close
{
iy2S, 1945-1947
[High
\
2%s, June, 1964-1969
Low
[Close
Total sales in
•Odd
Total sales in $1,000 units
NEW YORK STOCK
LOW
AND HIGH
Saturday
Monday
April 3
SALE .PRICES
Tuesday
April 1
April 4
$ per
$ per
share
Wednesday
57%
57%
56%
57 y2
57%
57%
*110'%
IIIV2
"110%
111%
110%
$ per share
110%
"50
52 %
*50;
52%
"57
58 y2
*57%
58»/2
HVa
*11
11 %
30
"29%
30
11%
"29%
21
"21
40%
%
137
11%
11%
30
21%
40%f
*134
2 %
2%
58"
11%
llVa
30
*80
5%
138
*134
2VB
2
2%
83
*20%
40%
'
"80
6%
6%
138
138
2%
2'/a
*48
*29%
52 %
—
20%
6%
138
2'/8
*80
6%
—
—
—
*137
2!/8
81
—
„
—
—
6V2
—
139%
—
—
2%
—
—
29%
29 V«
28%
29%
28%
29
28%
29 %
28%
29
—
—
51
51
50 V2
50%
50%
50%
50V2
50%
50%
50%
—
—
"25%
25%
25 V\
25 Vb
25%
25J/4
25%
25%
25%
—_
.
100
—
41%
83
1,300
10
—
—
20%
41
—
—
30
21
41%
25%
—
—
-
1,200
100
700
2,300
10
21,100
20
10,200
"8,500
1.500
2,700
•
"80 '
so y2
"10%
10%
145%
145%
♦79%
*10%
"13%
14%
*13%
32%
32%
32 %
For
footnotes
see
so y2
*79%
10%
10%
*
145
144
144 Vb
10%
14
13%
13%
32%
32%
33
page
1463.
*79V2
80%
145
,.
*10%
*144%
*13%
33
80y2
10%
145
15
33V*
*79%
80%
—
—
10%
10%
—
—
"144%
144%
__
__
*13%
32%
15
33%
__
"
—
$1,000 units
sales.
tTransaction
of
registered
bond.
RECORD
Range for Previous 1
—
—
200
400
100
6,900
Lowest
Par
Abbott Laboratories
-No par
4% preferred
100
Abraham & Straus
No par
Acme Steel Co
25
Adams Express
No par
Adams-Millis Corp
No Par
Address-Mutlgr Corp
10
Air Reduction Inc.—
No par
Alabama & Vlcksburg Ry
100
Alaska Juneau Gold Min
10
Albany & Susquehanna RR——100
Allegheny Corp—
1
5% % pf A with $30 war
100
$2.50 prior conv preferred-No par
Aighny Lud 8tl Corp
No par
Alleg & West Ry 6% gtd
100
Allen Industries Inc
Allied Chemical & Dye
Allied Kid Co
Allied Mills Co Inc
Year 1943
Range since January 1
NEW YORK STOCK
EXCHANGE
Shares
„
58
11
30
Sales for
the Week
—
__
58%
21%
6
—
52 %
40%
83
57%
112%
58 v8
41
5%
57y2
*50
21
*80
6Vb
137
11
*29%
$ per share
*110%
*58
21
80
6
*57%
58
52%
40%
41%
80
*50
57%
*110% 112%
Friday
April 7
$ per share
lot
STOCKS
.
Thursday
April 6
Aprils
$ per share
share
Low
$1,000 units
[Close
sales in $1,000
-i
[Close
f High
Total
[High
j Low
[Close
sales In $1,000 units
f High
2%s,
Holiday
$1,000 units
»
[High
i Low
1952-54
Low
Close
"High
Total
$1,000 units
1951-55
29,
Low
Close
2%8,
In
High
High
Total sales In $1,000
[High
[ Low
units
-1
units
[Close
[Close
sales in $1,000
Total
sales In $1,000
2s, 1951-1953
\ Low
1948
Low
t Close
Close
Total
Low
•
Close
-j Low
1951-54
Total
sales In $1,000 units
units
[ High
2%s,
Low
■
Close
Low
2%s, 1948-51
1948-50
_1
No par
8
No par
$ per
Lowest
Highest
$ per
share
61
52% Feb 21
$ per share
share
Jan
11
51%
Jan
Nov
108
Highest
$ per share
63 % Mar
115%
Sep
109% Jan
17
111% Mar 13
47
Jan
24
51% Mar 31
35%
Jan
52
53
Jan
3
Mar 16
41%
Jan
57 Vb
Sep
Apr
58
12 Vt Mar 16 '
10% Jan 27
7%
Jan
13
25%
Feb
July
6
22% Mar 11
14%
Jan
32% July
2iya Mar
39% Jan
3
42% Mar 13
38%
Jan
48%
Jan
13
67
Jan
76 y2
Sep
5% Feb
29
Jan
7'/a
Apr
Jan
3
Jan
128%
Dec
26 y2 Jan
19 y2 Jan
75
124
2
30
31
Mar 29
85
*
Mar 17
Mar
6% Jan
6
15
138% Mar 13
3%
85
Jan
2% Mar 18
32%
Jan
45%
Jan
31% July
64
Jan
75
33% Mar 20
Jan
58
Mar 18
13
24 y2 Jan
3
28
Mar 16
18
7
37
70
Jan
21
9'/» Jan
3
142 y2 Jan
26
13% Mar 18
30
Jan
25
80
Mar
3% July
Jan
5Va
3
4
23% Jan
Jun
Va
11%
Sep
Sep
May
Jun
7
Jan
Jan
7
140%
Jan
16% Feb
5
10%
Jan
14% May
35 Va Mar 27
16%
Jan
37%
11% Mar 16
150
165
July
Nov
Monday, April 10, 1944
'
THE COMMERCIAL &
1454
FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
April 3
April 1
$
share
$ per
1
*18 »/a
-
3
2%
*2%
3
*2%
*35
3574
*35'/4
3'A
36
36 »/2
*8174
83
83
83
300
Amerada
*28%
29%
29%
29%
400
Amer
*81 %
83
*81
8274
23
23
2874
*28%
29 %
62%
63
63
63
63
American
Air linen
61 %
1,600
61%
173A
17%
17%
1,200
American
17%
65
65
65
65
65
*64%
65%
66 »/4
13
12%
12%
12%
13
1274
13 V8
13 74
12%
13 'A
38 %
3874
3774
39 Va
37%
*38%
127 *
127 74
65
75'/2
24 Va
11 Va
*14%
14%
3574
751/4
24
112%
11%
141/4
2'4
*874
9%
*874
2674
26%
25%
29%
*2%
274
27 a
97 a
*874
974
*2574
26 %
574
,
600
700
15,100
574';"
5'/4
2374
2474
77
78V4
79
79%
77
80
1,600
preferred
preferred A
$6 preferred
35
800
American Hawaiian
400
American
78
76
76
35
35
34
34%
40
66
65%
734
7%
47 Va
17%
18
89
89
7
70
774
8
7
700
7%
774
200
*6%
774
46%
4774
47>A
471/4
17'/4
1774
17%
1774
8874
89
89
89
1574
15 Va¬
15%
1574
3,400
7
88
15%
1574
V
7 '
40
Amer
No par
& Metals
11%
11%
1174
1174
12
Amer
Mach
11%
3,100
11%
il 74
12
21'A
21%
21%
21%
2174
2174
Amer
Metals Co Ltd
2174
1,100
21
*11874
11874
140
*341/4
34%
340
*3474
34%
3474
2%
2%
274
2%
274
2%
2%
48V4
48 74
4874
48%
44%
45
45%
46
49%
4874
4874
4674
44 74
45 %
67%
6674
16%
16 »/4
14
*14
28%
2874
28
*28'A
2874
28 «a
37%
15374
*157'8
21%
142%
1%
25'/a
2,900
Amer
25
*1574
1574
,20%
20%
27%
*27%
28-
157%
157 %
157%
6 li/4
6174
61%
143%
143
143
143
1,625
7,200
*27
American
100
28
Amer
61
1,500
American
-61 %
6174
6174
3,000
144'A
340
144
144%
14374
15774
Telep &
1074
10 74
1074
IOV4
10'A
10%
10%
Amer Type
43%
43
43%
423/4
431/4
4274
43
4,700
American Viscose
4374
43
119 Va
119%
119 74
-*11874
;
*118%
119 74
*11874
118
7%
774
774
774
88%
*88
90%
874
8
81/4
7%
82
83%
81%
81%
4%
474
4%
*8%
*82%
4%
84
474
4%
*45
50%
*45
50%
*45
*88
8
-
*45
2674
24%
*23%
24
*114
115
*114
115
*114
*10
10%
10%
*25/b
2%
2%
2%
*2%
47%
4774
48'A
48V4
*47%
*10%
.
53/B
11
84
103
*37%
37%
37%
*10
1074
9%
9%
104
103
*3574
3774
*974
10
*9%
9%
974
9%
*110
113
*110
113
*13%
841/4
841/4
84%
10474
*110
51/4
574
5'A
5'%
84%
*102%
Arnold
Artloom
500
Associated
7%
9174
911/4
91
91
*90%
91
150
35
3474
3474
*34'/,
351/4
200
*106
107
1061/4
63%
64%
64%
65
91%
90
37%
3774
6574
91%
91
3674
■
911/4
91%
9174
92
2,300
3774
38
3874
37%
3774
4,200
*27V4
28 Va
700
Atl
65
200
*27%
29
65
xlll
111
62
2974
29%
62
2974
111
111
11174
-*60
29%
110%
13
12%
■iivi
12%
1274
12%
12%
13
53%
*53%
54V4
5374
53%
*5374
5574
56V4
5574
561/4
55%
5 51/4
56
•116%
117
.
117
*116V4
*14%
71%
*1474
7%
*774
*70 %
8
15%
774
15%
7174
37/a ;
'3 %
;■ *70
3%
3%
*1161/4
117
117
*11674
3,800
2974
111%
180
13 Va
2,600
541/4
200
551/2
330
5%
preferred
Atlantic
G
5%
W I SS
Corp—'—
6%
5 %
117
_
conv
Atlas Tack Corp
8
8
300
Austin
71
70
70
M0
1574
151/4
151/4
100
No
par
*
71V2
-374
3%
4
374
5,900-
4
.
$5
prior A—
Aviation
No par
Corp of
Del
(The)—
3
,
Jun
5% Mar 16
10
291/4 May
13A
.
Jan
Jan
Jan
46%
87% Jun
5
5
7
Jan
26
Apr
6
39
Jan
781/2
Jun
37
Mar 23
30
Feb
36%
Apr
Jan
4%
Apr
4% Jan
2%
21
35
Jan
40%
Jan
70
May
2
Jan
5
May
37'A
Mar 25
72
Jan
Jun
66 %
Sep
8% Mar 15
4%
Jan
91/2 May
7 Va Mar 31
51/4
Jan
7%
47% Apr
x
5..
Jan
39%
68
15% Mar 28
Nov
121/4
Mar 15
;
Feb
47
...
Oct-
17% May
Nov
7%
19 % Mar 16
93
Jan
82'A
./
Sep
151/2 Jun
7%
Feb
5
20V4
Jan
27%
Apr
120
Jan
13
116'A
Jan
125%
Nov
35
Jan
3
x26
Jan
36
Oct
12 / Mar 31
24% Jan
7
A
Jan
52% Mar 22
18%
Jan
49% Mar 22
16%
Jan
10 % Mar 13
6 Va
10V8
Jan
2% Mar
Jan
166
41/4 May
Oct
45% Oct
>•,
11%
•':> Feb
154
8
Jun
48%
Jun
173
Oct
14 % Mar 16
10%
Jan
16% July
68 % Mar
54
Jan
69% July
15V4 Apr
9
8%
Jan
12%
Jan
16
25
Dec
32% Mar
39% Mar 16.
36
Dec
47%
Apr
17
6
15 % Mar 14
Feb
30
8
150 % Feb
18
Feb
Apr
155
.
8
141%
19%
16% Jan
Feb 11
Apr
11% Mar
4
22 % Mar 21
12
6
17%
16
Jan
8
151% Aug
29% May
t
Jan
37% Apr
3
7
118
Feb 26
Jan
6
30
91
21%
Jan
8
127V4
1
42'%
43%
Jan
146% Feb
15
129%
Jan
11'A Jan
19
6%
Aug
32% Aug
158'A Jiriy
-
Jan
3
Jan
63
46% Mar 16/
32
8% Mar 15
3%
■53.%
9% Mar 16
3%
89 % Mar 16
55V4
12% July
3%
42%
Jan
27V2 Mar 16
24% Nov
27% Mar 16
24
Jan
25% Mar 25
16%
Jan
111 1%
Jan
Jan
z:/J
9
May
88% Nov
Jan/
Jan
Sep
1211/4 Aug
Nov
49% Mar 16
49%
•
Jan
5'A Mar 16
>
3
3
3
146% July
Jan
88% Mar 23
3
63% July
65% July
.
115% Jan.
.119 % Feb .21
Jun
115
s
Jan
Feb
64% Feb
159% Mar
3
3
Dec
<
17% July
33
-.
Jan
21
Mar
Jan
Apr
Aug
45
Jan
Jan 20
May
161
,
Oct
27% Mar 16
3
/
:
8% July
79% July
71/4
Apr
54% Mar
31%
Apr
29%
Apr
"
116% Feb
23
11% Mar 20
3
Mar 22
48% Mar 27
6 Va Jan
7
8%
23% July
116
Dec
14%
Apr
Jan
3%
Feb
Jan
47%
3
Jan
Jan
l'A
3
3
3
3
17
3
4
4
3
3
5
37
Jan
13
29
Jan
19
107
Apr
4
100
Jan
Sep
6% Sep
89
Jan
8
46
Jan
7
49
Jan
84
Dec
39% Jan
17
30
Jan
40%
Jun
75
Sep
; ;10% Mar 11
6%
Jan
10%
4%
Jan
10'A
,
Jun
10% Mar 16
Jun
110
Mar 16
/14% Mar 13
98V4 Mar 17.
92V4 Mar 28
68% Mar 18
.
92
Apr
6
39% Mar 22
30
Mar 23
65
Mar 15
31% Mar 16
111% Mar 16
92
Feb
110
Jan
15%
Jan
97% July
59
Jan
44%
Jan
94% July
.
"•/
39%
Oct
67% July
Jan
Nov
38
19
Jan
361/4
Oct
44
Jan
68
Oct
18%
Jan
/
90% July
May
Mar
106
28% May
113'A Sep
13% May
6%
Jan
501%
Jan
24
52
Jan
9
113
Jan
Mar
,
108% Nov
24%
24
117
Jun
66
Feb
13% Mar 22
Oct
6'A
72%
58 % Jan
56
3
114
Jan
4
14% Mar 31
7
Jan 25
70
Apr
6
3% Jan "3
.
119
3
Jan
8
Jan 14
Feb 18
Jan3
Jan
7
Mar
; 34
Jan
.
July
53%
7% Mar 31
Jan
Jan
Mar
May
Apr
35%
85
37
Apr
9
r
25% Apr
144%
55% Apr
No par
—
Nichols..:
41/4
Jan
Nov
.4
59%
24%
107%
11%
53%
par
Dec
6%
Mar 22
91
Feb
Jun
54%
22 "A
Jan
29
y
18%
104%
80
82
Jan
7
* 25% Jan .; 3
"25
Feb 15
—5
50
No
preferred
100
8
*70
8
1
1%
2% Jan
10
20
53% Jan
100
25
100
:
8
*1474
15%
53% Jan
43'A Jan
103% Jan
1
preferred-
Atlas Powder
Dec
'
34 Va Apr
—100
RR
Lines
non-cum
Atlas
...
Line
Coast
&
Jan'
90;/Jan
85% Jan
_100
-100
100
preferred
Atlantic Refining—
4%
conv pref series A
29
53%
13
1
preferred
Topeka & Santa Fe
90%
*61%
111
111%
5%
Atch
Dec
42%
11% May
Jan
4
102
Jan
12% Jan
No par
Co
5,900
*27%
29Vt
107
2d preferred
Assoc Investment
90
6574
62 'A
29%
1%
preferred
65%
29
28%
29
*106
1st
66 V4
62 y4
'
10774
Dry Goods
6%
13%
97%
2
Mar
13
9%'Feb
8% Jan
No par
—100
1
-100
100
Corp
preferred
6%
/
5
"65%
29
29 74
64;
107
106 'A
610
par
Corp
Feb
16% Mar
74% Jan
No par
100
.—/No
Co
Constable
700
*
Cork
112% May
Jan
5
5
Illinois
preferred
!
preferred
Armstrong
113
98
38
3%
700
97%
91%
*70
1,000
974
9774
37%
*7%
$6 conv prior
37%
974
Midl'd
Co of
1%
9774
1
Daniels
Archer
Armour &
100
97%
*34V4
Copper Mining
Paper Co lnc
W
P
800
84
10474
9674
*106% 108
*14%
4,900
97%
351/4
*116 74
500
574
13V4
92
55%
4874
1374
35%
*53
A
13'A
92
11074
Andes
100
1374
3574
*12%
.
13%
9174
28%
274
13Va
97%
*61
*110
100
10%
13 Va
*34%
28 %
97a
9%
113
V $5 div preferred
115
13 Va
*91
65%
*110
9%
974
9%
974
113
37
37
9%
10
*103
10474
.37
371/4
84
84
84
104%
5'/4
574
Cable
Apr
116% July
Feb
7
Jan
July
24%
Nov
Apr
13
—25 M 44/ Feb 16
—50
24% Jan 26
No par
25
Jan 24
-12.50
20
Jan
7
—No par
114
Jan
6
—20
* 9% Jan 10
5
2% Jan
2
No par
42
Jan
3
Anchor Hock Glass Corp
*48
48 74
5Vt
5%
847/4
104
Anaconda Wire &
800
*2%
2%
48
48
290
*10
1074
*2%
2%
2574
24%
*114
115
*10
10%
6,700
1374
97
975/a
*114
115
1
26%
25 34
2474
*26%
23%
.-50 V2
26
*2374
>
2574
24
26%
23%
*23%
$5 prior conv. preferredAnaconda Copper Mining
*45
50%
'
1
80
96
3
3
Jan
Jun
45%
Jan
107
Jan 21
6% Jan
67% Jan
4
Jan
100
Amer Zinc Lead & Smelt
Jan
4
84% Jan 10
par
Preferred
800
1,100
X25%
26
No
474
26%
25%
I;
9 'A May
91% July
185% July
18'A
5
Mar
Jan
Apr
Aug
Jan
59% Nov
21
6% Jan
par
134
Nov
71%
168
241/4
105
139
.No par
——
82V2
25%
2674
1st preferred
American Woolen
4%
2674
25%
No
Elec
&
V$6
82%
2574
-25%
1,400
8'A
preferred
Water. Wks
Am
Corp
9%
43% July
Jan
3%
Sep
•
116% Mar 13
Jan
7
8% Jan 3
42% Feb 23
xll6% Jan 14
100
10
14
100
Foundries lnc
4%
474
50 74
100
25
82'A
*81
26%
25%
7,600
*8
8
8
7%
9OV2
*89
9074
*88
90%
774
774
7%
774
774
88%
5%
300
6
8
56% Jan
57% Jan
25
6%, preferred
1074
1,800
10%
25
Mar 21
Jan
27
156
100
class B—
Common
Jan
Jan
29
111
No par
Tpbacco
teleg Co
Tobacco
43%
118
100
100
*10%
119%
par
«—;
Sumatra
Am
7,400
61
157 %
No
Sugar Refining
Preferred
300
119
127%
43
147
24%
15
16%
par
No par
,
Co
Stove
American
4
40% Jan
100
No
American Stores
61 %
61
1431/2
C
Jan
68
147
25
preferred
non-cum
Nov
Jan
111
6
5
26
4 10
10
13% Jan
100
—
Steel Foundries
6IV4
157%
157%
6174
61%
61%
61%
300
S
3774
3674
28
*27
27%
61
15%
20%
*118
118
118
15%
2074
;•
37%
35%
35'/4
118
157%
62
62
30
2574
1574
157%
6174
*61
I5OV2
2574
20%
27%
*27
157%
*4174
*147%
251/4
35
American Snuff
4274
20'A
118
200
1471/2
1574
35
220
155
61
Sep
2% July
Jan
13% Feb 21
26% Jan
3
36% Jan
3
No par
Smelting & Refg
Preferred —-—r.—!
Jan
47 i
6
25% Mar 22
1C
12% Jan
62% Jan
No par
No par
Co
Amer
4274
25
117%
*116%
118
38%
4,000
Razor
Seating
Ship Building Co
147%
150%
15%
34%
35 Va
35
*11774
American
Amer
42 Va
21 %
21
American Safety
200
5,000
Dec
81% Mar 23
9
Jan
3
163 ; Jan 22
25
100
18,50
4%% conv preferred
14V4
38
155
25'A
25
*1574
155/a
*21
*147%
*147%' 15074
2,700
17
par
par_
No par
100
Rolling Mill
American
650
28%
*28-
38%
6,400
6674
14%
154%
3774
.
18%
4%
2% Jan 13
44% Feb 21
40
Feb 14
No par
Rad & Stand San'y
76'A July
Jan
27%
Mar 27
Jan 10
32
par
No
—No
.
Preferred
13'A
1674
-
28'A
X154
42
42
43
*42
43
*42
•
$5
Am
170
66 74
•
14%
28 V4
155
155
154
154
*147% 150
25%
25%
1674
74
24,800
Light
preferred
preferred
$6
Jan
8%
39% Mar 16
3
4
26
20
18
5
10
7
115'A Feb 18
100
No
News Co
Power &
ArfTer
4,900
974
13%
67
1674
*14
3774
371/4
37%
3774
3774
15374
6674
14
4574
No par
preferred,
6%
American
3,100
9%
131/4
I6V4
14%
3,300
♦166
13%
67'A
16
14%
27«
4874
4574
170
*166
67 >/4
16
16
934
2%
48%
*
9%
914
13'/4
13%
*14
6774
67 'a
.
170
*166
131/4
13
137 a
9 7a
170
*166
170
•
9%
9 V8
97a
9%
34%
34%
2%
4574
13 74
34 74
34%
34%
-
48%
*166
118
118
118
118
118
118
11874
Jun
34
17
14% Feb 29
8% Jan ' 4
20
Feb 15
No par
Mach & Fdy: Co
21
117 %
100
——
11%
,
No par
Locomotive
preferred
86%
88 Va Apr
61
Jan 19
7% Jan
8
6% Jan 12 1
46
Jan-10
14% Feb
4
80% Jan
4
—-50
conv-preferred
5.%
American
700
21
*
100
No par
American Invest.Co of 111——„1
Corp
Internat
Amer
.
14,500
par
preferred
/* 6%non-cum
Jan
Jan
39% Mar 31
1
No
Ice
Oct
x67
,23
65
4
50
preferred
conv
American
100
70
*67
6%
American Home Products
3,100
674 V
674
674
*67%
200
Hide &
2,000
17%
88
1574
15%
15%
1578
66
47%
7
89
*88 74
39%
66
;'
7
17
187a
17%
\
39%
66
8
*46%
47 Va
*46%
391/2
66
)
,
68
68
*7%
774
*7
*6%
*46'/<
; '
7%
774
774
66
674
7
70%
*68
71%
374
39%
40
65%
65 %
674
77 a
67/8
*69
*391/4
40
*3974
65%
374
374
*374
374
374
374
374
3%
*374
*39 74
35
35
35
35
*34 %
$7 2d
31%
Jan
25
3
25%
Jan
177
3% Jan
89V2
25
Jan
13%
z;
10% Jan
1
5
_1
91
2474
Va
5
132
Leather
90
23%
*76
Jan
17
15% Jan
3
3
Mar
25
42% Feb
8
89%
2474
2,200
66% Apr
33 % Mar
88
23
83,300
52
1
Jan
18% Mar 16
10
$7
88%
91
*87
,
66 % Mar 13
SS Co
Power—.
Amer & Foreign
14
No par
No par
No par
No par
—1
No par
Lines lnc
American Export
23%
23
Tiling—
Encaustic
88 %
*87
10
10
100
20
1
Co
Crystal Sugar
1st preferred
Distilling Co stamped—
American
8
31 % Jan
23
100
American
Amer European Sees
26%
26
26
51/4
5%
5Va
28
86% Jan
68% Jan
-No par
American Colortype
Amer
23%
36 % Apr
Apr
3 % Feb
lC8%Jan
103 Va Feb
10'A Jan
14
Mar
101% Feb
26
Mar
2% Mar
8% Jan
23
Jan
4% Jan
68
Jan
l57/8 Jan
.
59 , Jan
American Chicle
6%
>
No par
lnc
if#"
12
Mar 29
.170% Jan
34% Jan
100
preferred———
conv
2,500
27a
*9
*2578
574
574
2874
274
28
5%
70
9%
28
Cable
Chain &
Am
Dec
43 'A July
28% Jan
82
No par
Fdy
preferred
non-cum
•
100
2,600
103
103
7%
380
;
111/2
15 »A
*2'/4
.
26
5%
103
*10174
111%
11%
*15
*874
28
274
9
.
15'A
25
100
Car &
American
100
%
•
28%
27%
2%
11%
14%
102
102
111%
112
*11V4
141/4.
1,100
110%,
& Radio Corp
97
20
127
Apr
8'A Jan
—100
1
Preferred
600
24 Va
*23%
*109%
■
112
113%
*1174
103 %
2874
110
14%
,*102
24
110
24
111
1174
115
2 »/2
24
111
2474
111
4,200
:
75»/2
*75
No par
Can
American
160
35%
75»A
28%
5 74
176%
35%
35% v
75V2
1474
103%
*102
35'/4
75%
*1174
11%
*
35 %
115
115
115
*175%
175%
175
175
175
75%
2374
700
Sep
Jan
26%. Jan
60
Jan 14
7% Jan
3
3714 Jan 14
50
1
Corp__
Co
preferred
conv
Cable
Amer
16,600
;
--i
88 Va
;
5V4%
170
.
0%
9
88
35%
*110'A
111
*110'A
38%
Bosch
Brake Shoe
Am
10
preferred
6%
American
600
127%
9»/a
86 Va
:
7574
,75%
24%
38%
127V2
86 »/2
9
'
3574
35%
*35%
'
127'A
90
1,700
'
175%
175
175
*174%
38%
38 V2
9
86
86
86
86
86 %
874
874
874
9
8%
*86
127%
127
128
*127
*17'/4
1774
1774
17%
17%.
»0
lnc_.
16%
73%
5
Mar 21
28% Apr
3
58 % Jan 28
16'A Feb
9
par
Bank Note
*
Jan
5
Jan
40
82
*
•
Agricultural Chemical-No par
6174
1774
*64 V2
Corp—No
Petroleum
6%
100Va Apr
1
Apr
3
17% Mar 30
2
Jan
4
No par
1
50
preferred
6% conv
400
2874
*
62%
•61%
3
17
Highest
$ per share
$ per share
4
34% Apr
———
_
Amalgam Leather Co lnc
*3
36
84
'
Rights
Alpha Portland Cem
•?; 700
1,000
18
$ per share
14% Jan 27
96'A Jan
3
No par
100
No par
Allis-Chalmers Mfg
290,700
1
17%
Stores Corp
v
36 V2
36%
36%
*82
17,800
1>*,
3
"34%
700
35'A
Lowest
Highest
,
$ per share
Par
prexerrea
Allied
6,300
16%
101%
'
3
Lowest
,
Year 1943
Range since January 1
-
"EXCHANGE/ *
;
Shares
34%
•
17% ■:
1774
share
16%
35
1
V
17%
17%
$ per
share
*99%
100 '/a
34'/2
1U
18
18
34%
1
1 Va
1
/e
18 V4
$ per
16V2
1674
100
1007a
34 74
3574
3474
37 %
l'/a
"9974
100
,
16 Va
16
1674
100
100
36%
share
per
16
15%
157#
100
the Week
'
share
$ per
share
I per
Sales
April i
April 6
April 5
NEW YORK STOCK
for
Friday
Thursday
Tuesday
April 1
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
LOW
Monday
Saturday
57
Sep
68% July
123
Jun
'/■' 16
Dec
7%
Jan
8% Feb
I
2%
Jan
75% Jan
4
28%
Jan
85'A Aug
4% Feb -24
3%
Nov
6% Apr
21% Mar 16
10%
Jan
20%
Dec
91/4 Mar 22
3%
Jan
10
Apr
6
Jan
14%
Apr
16% Feb 21
.;/
9% Aug
■
B
19V2
8%
I6V2
'11 'A
9
24%
19%
19'A
8%
9
t
8%
10%
ll'A
.
63 Va
63 Va
16'A
17 V*
11%
64
64
19'A
19%
24'A
24%
16%
17
*11
63Va
24%
24%
19%
8%
19%
19'A
/
8%
8%
16%
24%
25
7.400
21,600
8%
.
Conv
24%
24%
25
'
——
1,400
13%
13%
*12%
13'A
*12%
13'A
*12%
13'A
100
46
*46'
46%
*46
46%
*46
46%
40
*17
171/4
16%
16%
17
16%
Barker Brothers..
4,500
Barnsdall
2,900
17
Bath
Oil
Iron
33'A
17%
17%
17%
17%
17%
17%
17%
17%
28
28'A
28%
28%
28%
28%
28%
28 3A
——
700
Bayuk Cigars lnc
33%
34
34
34
34%
34%
*33%
34 %
—
400
Beatrice
107
*106'A
107
106'A
106'A
9
*8%
106'A
9
*34
12%
.
36%
*8%
9
8%
70
800
9
34
*34
35
*34
35
*34
*115
118
*115
118
*115
30
35
118
116
1
11%
12%
107
34
118
*10%
8%
*115
35
*115
106'A
8%
*106V4 107%
8%
*33%
'
36%
For footnotes
*10 7/8
12%
36
*10%
ll'A
12'A
36%
see
page
,
1463.
12'A
36%
36%
10%
11 Va
12'A
-
10%
*10%
12'A
12 Va
36%
36V4
36%
100
12 Va
36%
$4.25 preferred
Beech
Beech
Aircraft
Packing Co
Beldlng-Hemingway
1,300
■'
Corp
Creek RR
Beech-Nut
11%
12'A
Creamery
Bell
2,400
Bendix
Aircraft
Corp
Aviation
3
50
5
Co
Works .Corp
17%
28%
7
No par
.
preferred
5%%
18% Feb
<v,5%Jan
—100
50
100
10
Bangor &
140
46
17%
c
preferred
Aroostook
5% preferred.
Barber Asphalt Corp_l
800
13'A
*28
t
13
100
v
Ohio
4 %
22,500
46 %
16%
&
16%
*46
16%
Baltimore
11V4
16%
*10%
*12%
17Va
Baldwin Loco Works
64
11
63
Va
——
63
17Va
*10%
63
8%
19%
63
16%
ll'A
19%
!
1
No
par
25
—No par
1
—_—1—50
20
No par
1
5
9% Jan
3
9% Jan
3
Jan
4
23 Va Feb 26
60
.
17V4 Apr 1'1
Mar
22
5%
Jan
12%
Apr
Jan
27
34'A
Jan
63V4
Dec
26% Jan
24
12
Feb
281A July
Jan
15%
47
12
65
,
51/4
4
14% Mar 16
43
Jan 24
16% Jan 13
46'A Mar 20
30
Jan
18% Mar 17
12%
Jan
12
Jan
15% Jan
3
25 % Feb 15
31% Jan
7
106% Apr
3
8% Mar 21
31/
Jan
11
114% Jan 21
10 Va Jan
3
11% Jan
4
33% Jan
13
Sep
Sep
191/4 July
20% Mar
18% Mar 15
13%
Jan
29Va Mar 16
23%
Jan
34i/2 jan
17
24%
Jan
108% Feb
28
105 Va
Dec
11% Jan
3
7V4
Nov
14%
34V4 Mar 28
25%
Jan
33% July
93
Jan
Feb
15
11% Jan
24
15% Jan
11
117
37% Mar'-8
9Va
9%
33
Dec
X29
May
33% July
X110
114
Sep
Sep
Aug
11% July
Nov
20% Mar
Nov
39%
Apr
Volume
Number 4271
159
THE COMMERCIAL & FINANCIAL CHRONICLE
1455
STOCKS
Saturday
«
Monday
-
April 1
Thursday -\-
Wednesday
Tuesday
April 3
April 4
April 5
Sales
Friday
April (»
-
for
NEW
the Week
April 7
•
YORK
Range for Previous
STOCK
Range since January 1
EXCHANGE
•
Lowest.
'
* per share
18%
$ per share
18%
18
$ per share
"18%
18%
18%
55
55
"54%
55%
"54%
55%
37%
37%
37%
37%
18%
18
18%
58%
59
59
59%
118%
18
8%'
"16%
16%
Pr
13% Mar
pfd $2.50 dlv series '38.No
17%
par
54% Feb
15
56% Jan
24
54%
Feb
Best
&
57
Nov
No
par
33% Jan
28
39% Mar 25
22%
Jan
Foods
38
6,200
Best
July
15% Jan
20
59%
8%
Jan
Bethlehem
17
Jun
4,200
No
par
58%
117%
40%
40%
*8%
8%
17%
*17%
59
17%
*18
*40
18%
118
40%
*18
40%
2,400
17%
17%
16%
*15%
16%
*15% :
98%
*92
98%
*92
14%
14
14
14: '
14%
48%
49
."47%
48%
34 %
*48%
49%
48
48
90
90% 90%
90
*89
90
90
*49 Va
50
49%
34%
35%
35 Va
30%
30%
31
30%'
30%
36%
36
36%
36 %
*4%
'
*49%
34%
34%
35
33%
34
30%
30%
*30%
30%
30%
35%
36
35%
35%
4%
4%
"4%
35
4%
*4%
14%
*14%
50%
38%
14%
39
4%
38%
•
14%
49%
*38
14%
*49'%
*4%
38%
14%
50%
«
50%
4%
*38
*49%
*50
10%
10%
10
10%
10
10
10
10%
31%
31%
31
31%
31%
31%
31%
31%
41%
/
*41%
42%
*41%
42
41%
41%
41%
*.43%
45
*44
44%
44
44
44
*
4%
100
Boston
100
Bower
38%
15%
49%
!
*41%
41%
"44
20%
20%
20%
20%
21'/a
21
•;
V,
*41%
42%
*41%
42%
42%
18%
*18
18%
18%
18%
18%
18%
18%
■
—
'7
-.•JL?.'- *'•
18%
9%
118%
...
•
9%
120
*118%
93A
9%
*
120
9%
9%
9%
9%
.v"
*118
120
*118%
120
•
—
—
*.
*•
-/
J.
V
'
-
>■
3,300
'
7
120
—
122
6%
120%
61
60%
60%
7%
8
*7%
8
6%
*120
120 %
*60%
6%
*
"
122
120%
60%
60%
59%
7%
7%
18%
*18%
18%
*18%
18%
19%
*19 Va
19%
*19%
19%
19%
*32
33
32
32%
29
29
29
*32
33
28%
*28%
28%
28%
*109%
110%
*109%
12%
12%
12%
*109%
'
110%
12%
12%
5%
"
5%
*66%
51
51
10
*3%
<
29
3%
*13%
80%
79%
*20%
21
4%
*64%
50
47%
48%
47
47 Va
47%
10%
10%
'0%
10%
10%
29
29
*28%
3'/a
29
*3%
*28%
3%
14
*13%
*79
80
27
*20%
5% Mar 22
2%
Jan
6%
28%
7
40
Jan
38 Va
Dec
3
16% Mar 13
13% Nov
14 Va
Nov
__15
40% Feb
1
51% Mar 17
20
Nov
Jan
45
4
10% Mar 17
8%
Nov
12%
27
Jan
28
32% Mar 21
20%
Jan
30%
par
39
Jan
14
42% Mar 15
33
Jan
44
44% May
8% Jan
par
'
5
40% Jan
4
V.:v7V;LL
—
45% Mar
8
37%
Jan
14% Jan
13
21% Apr
6
9%
Jan
18Jun
39% Jan
18
43
Mar 16
29%
Jan
42% July
13
Jan
20% July
10 Va May
17% Jan 4
5
8% Jan
100
116
Burlington Mills Corp
5% preferred
19% Jan
3
600
Bush
10% Mar 13
43
*29
5 %
300
...
20%
20%
48%
36%
36%
35%
103%
*120%
120%
*103
tvi-
Butte
Byers Co
40
„
17
20%
27%
16%
102%
102%
29
*4%
4%
36 %
35%
149
*148%
48%
49
36 Va
35%
103%
*103
8
"37
9%
42%
42%
25%
"38%
9%
43%
*7%
29
1,800
35%
16%
600
25%
.2,500
"42'/2
35%
49
35%
49
35%
*103
"149
48%
36
35%
36
103
10332
120%
119
118%
118%
12
12
12
17%
17%
17%
20%
*3
20%
20'/2
20%
1,400
3 %
3,200
121/4
1,400
23%
400
12%
12%
12%
12%
223/4
22%
23
23%
*7%
115
*112
7%
115
*112
33%
33%
33%
33%
33%
33%
5%
5%
5%
5'A
5%
5%
60%
61%
61
60 %
33%
5%/
61
61'A
11%
"23
"7%
7%
"112
115
100
115
61%
60%
*59
61
"59
18%
"17%
880
18%
24
6%
24%
400
109%
109 ]/2
140
6%
31%
"30 V2
31%
200
123/4
12%
12%
*12%
13
"12%
13
300
45%
45%
45%
45%
81/4
8'/a
8'A
8'A
45%
8
.•16%
16
16%
16%
16%
16%
45%.
45'/a
45%
8%
"8%
8%
16%
16%
16%
-Imiyf:.-Tom/r-
£•<>], I
12,000
3,400
--'f.'Uv £-
2,700
6%
6%
6%
6%
6%
1,800
24
23%
23%
23%
23%
23%
23%
"23'/a
23%
24%
2,200
24%
24'A
23%
23%
231/2
23%
23%
23%
1,500
55%
55
55
54%
55
53%
54%
53%
53%
11,800
17
*16%
7
16%
16%
17
16%
17%
17%
17%
17%
41
41
41
41
50
50
17%
*40%
50
50
7
6%
7
17
16%
16%
400
17%
173/a
17%
17%
17%
1,200
41
41
41
41
41
50
*51
52
51
51 %
60
14%
14%
14%
200
600
14%
*14%
14%
*14%
14%
15%
15%
*15%
15%
*15%
15%
*15%
153/4
15%
15%
200
2%
2%
2%
2%
2%
2%
2%
2 3/8
"2%
2%
3,200
14%
27
26
26
83%
82
83%
82%
82%
82%
833A
83%
84%
17
17
7,200
17%
17%
17%
17 Va
"16%
17'/a
1,000
'17%. "
*26
*2$
27
27
"26
105%
105%
105%
105%
105%
105'A
1051/4
105%
58%
58%
58%
58%
59%
59%
59%
59%
591/a
8%
7%
8%
7%
7%
7%
7%
7%
40%
*142
155
*80
40%
85
114%
■
40%
♦142
39%
155
*80
85
*114
*142
*80
114%
41
114
*39%
*142
85
*78%
114%
*40%
41
*106%
108
*106%
108
*92%
93
*92%
93
*92%
55
*52%
55
*52%
55
35
34%
"113%
93
*52%
36%
*148
150
*113%
41
41
*106%
35%
34%
41'A
92%
:
•
34%
*148
150
*113%
115%*'
65
*65
*52%
35
36
65
114%
106 Va
114%
66
"80
41%
150
353/4
85
106 Va
:
36%5 '
35%
92%
55-
35%
36
39%
"150
41
36
114%
40%
155
108
*148
116
"105
27
105 %
59%
-
"113%
"40
"106%
92%
"52%
35
"35%
100
70
1,800
40
700
85
114%
40
41
500
80
92%
270
55
50
26%
26%
26%
'26%
26%
26%
27%
27%
27%
105%
*105%
1053A
3,500
*105%
105%
105%
105%
105%
105%
60
27%
27%
27%
27%
26%
26 3A
112
*111%
112
*111%
112
*1113/4
15%
15%
15%
153/4
*15%
16
153/4
17%
17
17%
*16 'A
17%
18%
18%
18
183/4
18
17
17%
28%
28%
28%
28 3A
28%
28%
28
28%
For footnotes
see
page
.
1463.
18
*16 3A
28
*27%
18
17%
28
28
,
112
15%
111%
"15%
27%
111%
16
1,800
70
700
17
17%
16%
17
490
18%
18%
18%
18%
720
*17
17%
"16%
17%
260
28
283/a
27%
28%
2,300
273/4
28%
Oct
Nov
28%
tChilds
28%
1,100
Oil
Cotton
1% gtd
Special gtd 4% stock
Molybdenum
par
40
Co—
Colgate-Palmolive-Peet
$4.25 preferred
preferred
Colo Fuel & Iron Corp
^Colorado & Southern
4%
non-cum
non-cum
146
19%
Apr
Jan
27%
Jan
38
Feb
36%
Jan
11% May
47% July
Feb
4% Jan
47
13
,
" 15
25%
77%
14%
104
Mar
Feb
Jan
Jan
56% Mar
6% Jan
35% Feb
23%
103%
26%
100
109%
15%
11%
12%
2.50
2.50
62%
13
26%
40
26%
4
14
22
1
Mar 13
Nov
95%
Jan
108
128%
Feb
120%
8%
Jan
14%
16%
Nov
21
96%
16%
Jan
3% Mar 16
1%
Jan
97%
Jan
15
July
Sep
Sep
Apr
July
23%
Jun
3% Mar
111
Aug
3
Jan
18%
Jun
8
13
Jan
25
Dec
3
Jan
Mar 28
98
Mar
115
Sep
41
Apr
8% Jan
37% Jan
4
X33
Jan
6% Jan
25
3
Jan
65% Mar 13
60
•
31
Mar 20
26% Mar
116
Dec
54% July
40% Jun
Jan
119
>
Jan
39% Dec
147
32%
8% Nov
7%
Jun
Jan
72% Oct
16% Nov
19% Apr
Mar 29
18% Mar 22
18
Jan
4
27% Feb
99%
Jan
109
Dec
7
8%
Jan
34
July
50
July
24
112% Feb
34% Mar
24;
July
13% Mar 16
6
33%
Jan
Mar 24
2%
Jan
9% May
18% Mar 24
7%
Jan
17% May
7 % May
48
'
9
Mar
7% Mar 22
2%
Jan
25% Mar 22
10%
Jan
28% Feb
57% Feb
21% Jun
24
24
18% Mar 14
6
Jan
16%
Jan
22
Dec
19% Mar 16
15%
41% Mar
36% Nov
Apr
41% May
6
51% Apr
6
14% Jan 22
48
54
11%
Jan
15%
Apr
16% Jan
13%
Jan
18
Jun
4
3
9
7
5
12
28
12
8
29
2% Mar 24
1
Dec
Dec
May
3% May
24%
Jan
32%
86% Mar 16
67%
Jan
85% July
17% Mar 23
10%
Jan
15% Aug
28
Jan
5
107
Feb
5
96% Jan
65
Jan
4
27
9% Mar 17
2%
106
Apr
Sep
Feb
63%
Dec
Jan
8%
Jun
32% Nov
39% July
40% Apr
3
Jan
7
123
Mar
78% Jan
29
67
Feb
11
115% Jan
3
109%
Jan
21
27
28%
Jan
116% Aug
42% Dec
109
101% Jan
108% Dec
17
'7
3
148
41% Jan 25
Jan
12
26
92% Jan
10
84
22
10
53
21
50
3
18
26
Jan 11
Jan 6
Mar 2
Jan 14
Feb 29
Mar 4
Jan 3
Jan
4
Jan
4
Jan
4
25% Jan
Jan
Dec
7
Mar 28
1% Jan
Dec
127%
109% Mar 25
23
108
27%
11
Jan
Jan
Jan
31% May
5% Apr
12% Mar 13 i
3
4% Jan
3
Jan 4
Mar 29
Mar 4
Feb 24
Jan
3
Jan
Jan
32%
24
Feb
18% Feb
57 % Jan 17
60
Mar 29
18
Jan 11
18
23
53
15%
16%
38%
97%
3%
Mar 16
122% Mar 16
19
Jan
3
Jan
4
Jan
4
Feb 18
44% Jan
6
5% Jan
3
11"% Jan
3
9% Apr
46% July
Jan
25%
Mar 15,
40% Jan
107
30% Feb 15
»
Jan
X85
4
28
125% Jan
Mar 15
Jan
2
Jan
3
Jan
3
Jan
3
Jan 13
Jan 31
Jan
4
Jan 26
7% Jan 15
120
113
11
17
19%
2%
107
9
23
Dec
Mar
40
50% Mar 13
35% Apr
3
103
Mar 21
No par
No par
:—100
39
150
44% Jan 12
110
..'.4%' Jan
x4% Mar 14
5
Jan
145
111
No par
30% Feb
28% Jan 16
4
Jan
4
34% Feb
4
100
No par
iVo par
2nd preferred—100
-
Apr
Nov
6%
Mar 21
Apr
Mar
1% Mar
9%
29%
8% Mar 16
103
112%
1st preferred—100
Columbia Br'd Sys Inc cl A
Class B_.
13%
4
No par
J_—
_
(The)—
Collins & Aikman
4%
xl3%
4
39/z
106
92%
52%
33
34%
No par
No par
A
conv
Mar 16
27% Mar 23
Jan
1
100
50
50
Co (The)
Climax
5%
Dec
43% Jan
No par
$4.50 pfd
preferred
Class
6 ye
18
Jan
Feb
Mar
Mar
Feb
Mar
Feb
Jan
Feb
Feb
Co
7% Feb 28
48
76
& Pitts RR Co
56
Jan
45% Jan
100
Clev
30% July
Jun
4
Jan
5%
Jan
%
19
148
Clev Graph Bronze
22%
6% Feb
Chile Copper Co
25
Chrysler Corp
5
City Ice & Fuel
No par
6%% preferred
100
City Investing Co
100
City Stores
5
Clark Equipment
No par
C. C. C. & St. Louis Ry. Co
100
Clev El Ilium
May
52%
42% Apr
No par
preferred
25 ya
8
par
10
Co
Apr
jan
,
11
% Jan
A__l
10
100
5
1
25
No par
No par
Yellow Cab
Chickasha
56% Mar
83%
16
28% Mar 11,.
Jan
Nov
18
97
5% Apr
18% July
9%
18
10% Feb
50
50
pf ($2.50) cum div
Preferred
105%
27
Pr
22% Jan
3
Chicago & Northwest'n w i—No par
5% preferred wi
100
Chicago Mail Order Co
5
Chicago Pneumat Tool
No par
$3 conv preferred
No par
Cluett Peabody &
66
No
-
-
Coca-Cola
*26%
17%
May
65 %
8
8% Jan
100
100
111 RR Co
2%' Jan
3
Mar
33% Jan
1
Chicago Great West RR Co
5% preferred
Chicago
3% Jan
15% Mar 16
o0
.
18
deposit
A
loo
115%
27
Class
800
150
"114%
"65
Chic & East
36%
"148
27
27
40 % Mar 21
No par
preferred
Cab Mfg
2,200
116
65
Jan
8
7
Products
35%
150
65
29%
3
No par
Chesapeake Corp of Va.
Chesapeake & Ohio Ry
5%
108
*148
66
v
155
*114%
5 i
20
8
"
40
155
Jan
15% Jan
23% Feb
100
Checker
8%
20%
3
No par
100
5
5
25
"23%
1093/4
*30%
45%
29% Mar 13
6% Jan
Champion Pap & Fib Co
24%
*109'A
8%
8
5
No par
31%
45%
Feb
4
prior preferred
109%
12%
10% July
Mar 27
% Jan
,_100
Certificates of
109%
13
par
Chain Belt Co
*30%
*12%
: ;*
25
49
Jan
24% Jan
3
53% Feb 24
Ry
Century Ribbon Mills
61
*173/4
*24
Jan
5%
5
Preferred
61
61
24%
75
21%
20% Apr
class
Cerro de Pasco Copper
18%
31
Jan
6
10% Mar 13
4
fCent RR of New Jersey
Certain-teed
*59
109%
41
52% Mar
4
3
Centrai Violeta Sugar Co_
1,500
*17%
30%
68
3
3
No par
1
preferred__100
1,300
18%
24%
Co
4%%
Lt
5%
61
109%
Foundry
111
33%
*59
25
6% May
6
12% Jan
20
5%
*17%
32%
28
Jun
28
No par
33%
18%
110
105
9
44
Jan
8% Jan
100
5%
61
*31%
54
67% Jan
Co new
33%
*59
*24%
Jan
Co
^
8
*17%
*109%
Jan
5
100
Corp
Central
8
Steel
I)
Central
40
12'A
*112
2%
110% Mar
No par
Ohio
&
preferred
Central Aguirre Assoc
109%
23
115
5 % Feb
5%
540
3%
12%
8
Celotex
1,300
109%
23
*7%
3
No par
Celanese Corp of Amer
No par
5% series prior preferred
100
7% prior preferred
100
7% 2d preferred
100
3%
24%
8
Clinch
(J
109%
12%
'.
Jan
4
Caterpillar Tractor
190
17%
12%
Jun
Preferred
240
11%
*109%
Case
60
120%
17%
3%
15%
preferred A
Carolina
5,100
1033A
11%
20%
Jan
-No
Administration
$3
120 Vt
11%
110
Oct
9%
No par
Mills
Capital
1,600
17%
3%
109%
,13% Mar 16
25
Cannon
49
17%
20%
May
3
Ry
100
10
11%
*109%
11
12% Jan
Co
Ry
Pacific
600
150
17%
i
Canadian
2,900
'4%
11%
'
Southern
35%
"29
4%
149
*118%
3%
107%, Jan
Copper
Carpenter
119%
21
31%
Carriers & General Corp
119
109
Cons
100
119%
3
Hecla
&
100
120^
21
35% July
Jan
Mar
1
4%
1203/a
109
Jan
20%
50
29%
29%
17%
;
24%
No
220
120%
3%
8
30% Mar 16
100
Packing
102%
11%
21%
34
25
Zinc-Lead
Xl02%
120 J!
109%
21
5
102%
49
Apr
Feb
27% Jan
No par
Campbell W & C Fdy
Canada Dry Ginger Ale
8,100
44
17%
*3
32
Zinc
7%
35%
.
29 %
preferred
Canada
9%
&
46%
149
35%
18% July
Nov
24
No par
(A M)
7%
149
103 3A
Jan
16
__30
"46%
f
Apr
14%
20 % Feb
preferred
Copper
5 CU
40
38 %
9%
8
*4%
10%
19% Mar 18
4
10
47V2
*29
41/2
Nov
6% Nov
4
100
102%
103
43
Jan
preferred__100
California
900
56
11%
*21
9% May
116% May
54 Va Aug
Jan
100
*46'A
47%
-i-
25%
25%
*118%
1
118% July
Jan
—_1
Participating preferred
Byron Jackson Co
Calumet
120%
119%
Jan
76%
Jan
1
Bldg 7%
conv
1,800
*16%
Mar 14
18
Butler Bros
400
3%
13%
80
*37
124
17
preferred
Bush Term
2,500
-,WM
6%
*7%
*46'A
29'A
35%
36%
Jan
3
7% Mar 13
■
3%
13%
80
9'A
42%
8
*4%
6%
104%
,
27
Jan
120
1
Terminal
6%
6j/8
9Ve
47%
102%
4%
*103
9%
*7%
14
No par
No par
Burroughs Adding Mach
61/2
163/4
par
Co
Watch
6%
40
No par
No
250
-
—
Apr
Jun
July
No par
—No
par
Co
Bulova
300
13%
20%
25
43
23
No par
Buffalo
Callahan
163/4
*46
Feb
par
No
No
No
200
—
Apr
12% Jan
Co
Forge
Dec
37% Jan
8% Mar 13
1,300
25
49
*17%
3
62% Mar 13
tt
*37
48%
*111%
July
3
u
17
*148%
*65
39
3
2714
40
149
36%
Jan
7% Jan
"55'/a
26
9%
29%
36%
35
26%
47% Jan
u
25%
*37
*148%
114%
Oct
3
2.50
Wheel
27%
*16%
103
*4%
40%
30
5
580
80
6%
8
*29
*8
RR
35
Jan
98% Jan
56%
6%
47%
*102%
17%
3% Jan
Maine
Jan
22%
,
Apr
6
%
6%
43%
*7%
83%
34% Jan
July
17
6
38% Mar 11
31
4
*27
6%
9%
*46
*26
5
Corp
35 % Mar 22
56% May
96% July
"
13%
%
40
*42%
*49%
3
•
Jan
*55%
%
9%
*14
26
28% Jan
Bullard Co
'
16%
51
33 % Jan
1
15
5% Jan
56
55%
%
17
55%
Jan
Mfg..,,,^—_—No par
7%. preferred
100
27%
56'A
%
26%
5 .KVrf:
65%
80
.
20%
27
5
3%
3%
14
79%
27
16%
7
Nov
100
—
29
*56
26%
23%
Jan
85
38%
200
-V.t "
48
10%
6%
*37
*24
41%
(E G)
Budd
2,700
65%
%
.
250
13
4%
21%
6%
16%
52% Mar 13
Jun
July
21% Mar
11% Nov
29
$5 preferred
.
109%'
12%
*64%
27%
61%
Jan
19'A July
3
700
4%
20%
100
4
preferred
Budd
110
.
""
«*-
65%
56%
27
*56
*112
26
Inc
Bucyrus-Erie
3,900
29
*109%
13
'l
33
29
4%
3%
14%
*80
T-
19%.
*32
109%
12%
18%
65 V8
/
29%
*13%
,
--
1,200
10
49
•29%
*109%
/
13
-
*
66
66
10
9%
*28%
5
*4%
68
109%
-
"-f
i.V
*18%
19%
33
_
8
18%
*7%
45
15% Feb
Dec
Jun
19
Jan
Feb
Bruns-Balke-Collender
-
60
7%
8
19%
28%
6%
:
120%
18%
*32
Jan
50% Feb
(The)
Roller
7%
18
5
Brooklyn Union Gas
—"
13% Jan
No par
—No par
Brown Shoe Co
1
Jan
9%
76
95
Bristol-Myers
3,900
"*
13%
Mar 16
4
300
1»
11
16 % Mar 31
4
6
100.
■....
17% Feb
96
Brass
Briggs & Stratton
16,500
:
4
93% Mar
40
89% Mar
400
_
_
—
120
6%
/
*19%
*23%
&
Jan
14% Mar 14
%
...
6%
-
*18%
*108%
Stores
Co
16
par
69% Apr
121% July
Jan
"
6%
*120
60%
8
6%
...... ~.~r
120
60%
119
11%
Nov
46% Jan
400
9%
..
118 %
19% Mar
Jan
...
7
%
1,400
r
-
—
'
42%
*18
7:
21%
42'%
Jan
6
8
100
Airways Inc
Brewing Corp. of America
Bridgeport Brass Co
Briggs Manufacturing
400
44%
s
20%
Jan
16
Braniff
5,400
,
'
10% -
31%
*41%
9%
;
-
31%
20%
27%
Mar 11
9% Mar 18
54
110%
(assented)_100
Bearing Co
5
Borg-Warner
f.
-
&
B
5,100
v
10 %
>44%
Aluminum
Class
38%
42%
Mar
19
3
5
Bohn
Borden
20 %
42
3
7% Jan
5
Bon Ami Co class A—
130
Bond
*41%
24
16 % Jan
par
No
190
*
v-
37% Feb
No par
Boeing Airplane Co
1,500
49%
15
62% Mar 16
118% Feb 23
Laughlin Inc
4,300
15
38%
14%
4
2
No par
300
■
*38'
56% Jan
„_jVo
Bloomingdale Brothers
5,500
19 % Mar 22
Sep
115% Feb
"
100
Blumenthal & Co preferred
50%
34
160
90
50
50
*50%
Bliss &
98 %
14
(Del)
Black & Decker Mfg Co
Blaw-Knox Co
;
200
16%
*92'A
■
1
Steel
preferred
Bigelow-Sanf Carp Inc
300
8%
Co
7%
400
18%
-
*16%
*49%
"38%
400
8%
17%
17%
-
"
8% *
8%
.
/
tf
■
118-
40%
'
18%
18%
'
58%
*
59%
118%
"117%
16%
V
$ per share
100
98%
50
Highest
$ per share
Mar 13
1,400
15%
49%
19
18%
8%
91%
$ per share
4
55%
*92 Va
50
Jan
37%
xl4
91
n
18%
15%
"48%
par
37%
58%
14%
No
*54%
98%
15%
Loan.-!
18%
18'A
16%
"94
Indus
Year 1943
38%
40%
*17
Beneficial
1,000
$ per share
55%
8%
17%
18%
Par
18%
40%
8%
18%
Shares
37%
*17%
;
18
*
$ per share
share
*54%
*
117%
*117% 118%
,
41
18 :
18
$ per
Lowest
18
17%
"40%
$ per share
Highest
38%
*37%
18%
"117
r
••'-
4
Jan
38% Mar 15
37% Mar 13
74%
Jan
92%
Feb
Dec
Jun
54
33% Nov
33%
145
Jan
Sep
Sep
48% Mar
40
July
Mar 13
142
May
153
116% Mar 14
88
Jan
123
61
Dec
28% Mar 16
16%
Jan
12
Xl03%
Dec
109% July
29% Mar 16
17%
Jan
28% July
Jan
114% Oct
149
67
108
Feb
Jan
18
114
Jan
11
17
Jan
7
108
13% Nov
Sep
July
68% Oct
25
Dec
19% July
18% Mar 22
2%
Jan
19
Sep
20% Mar 22
3%
Jan
19%
Sep
18% Mar 21
3
Jan
17%
Sep
29% Mar 23
15%
Jan
26% Dec
29% Mar 23
15%
Jan
26%
Dec
RECORD
NEW YORK STOCK
April 8
$
$
share
$ per
share
per
STOCKS
■
Sales
Friday
April 7
$ per
$ per share
share
per
H
f
April 6
April 5
April 4
•
Thursday
Wednesday
Tuesday
Monday
April 1
HIGH
AND
LOW
Saturday
r
PRICES
SALE
4%
4%
4%
4%
4%
4%
20,000
4%
4%
4%
82%
82%
82%
82%
82%
82%
1,300
82%
81 %
82%
•82
74
76
•73
75
74
•74
90%
•89
90%
*89
•sy
-
18
18
18%
*18
18%
40%
*40%
42%
40%
40'%
40%
106
106
44
44
43
U
%
U
%
82%
81%
81%
25%
10%
13%
13%
13%
13%
25%
106
4
19%
9%
10/
29%
10 i,
29%
13%
*19%
*14'%
14%
16%
16 34
14%
16
48%
*47
8%
9%
108%
108%
*107%
—520
-
4,900
9
36%
36%
37
36%
36%
12%
*11%
12 %
11%
45%
45%
45%
45
5%
5%
5%
5%
31%
31%
31%
*25%
26%
*25%
26%
14%
14'/a
14%
15
42
41%
41%
12
*11%
*47
48
*41%
12
*47
*25%
1
14%
*41%
11%
5%
26
2,300
18
18
80
48
,*47
1
48
2,200
12
11%
12
*47
40%
40%
41
11%
11%
18%
18
18%
47
47%
48
48
48
53%
53%
54%
54%
54%
5%
21%
107%
107%
*2%
*23%
23%
*23%
23%
*23%
:
23%
23%
19
19
31%
32
45%
45%
45%
45%
16%
16%
16%
16%
16%
16%
99
98%
98%
98%
98%
31%
30%
31%
31
31%
31
78%
78
78
77%
77%
12%
117
117
•1.03
109%
'12%
12%
12%
12%
*24%
25
25
25
25
•114%
'115
117
109
'
27
26%
•23
24
23
26%
26%
23
107%
*106%
6
5%
6
*
5%
108
109
*108%
43
43
42%
108
43
5%
5%
5%
16%
17
116
*109%
23
v, 22%
*7%
7%
7%
*7%
*:
'
*14%
43%
5%
5%
14%
■
16%
16%
•111
22%
071/4
*
19 %
•
14%
7%
7%
*19%
14%
14%
*113
113%
*25
25%
7%
14%
*113
25%
39%
39%
39%
39%
40
39%
33%
33%
33%
33%
34
33%
33%
19%
*18%
19 %
,
19%
29%
1,600
29 y«
II■"
2534
•II
W
1,700
'
——
■'
—
•
*19
30
19%
*19%
-
.191/4
—
200
;
19%
30
28%
29
29 %'
-29%
30
'"J.*,
11,100
■
8'/2
8%
8%
8%
8%
8%
8%
9%
19%
19%
19%
19%
19%
19%
19%
19%
'
19%
60
*54
*54
60
60
♦34%
35
*55
60
*54
35
35
34
34%
31%
31%
*31
31%
31%
38%
*38
38%
38%
*31%
31%
38%
38'/4
*38
34%
34%
*
'*- -1-
■
31%
31%
38%
*38%
300
34%
31%
15,800
——
——
34%
:
4,400
60
*54
«,
■
'OS.
600
3
30% Feb
8
33% Jan
Motors
of Del
Bank
Inc
Coty Internat
5%
28 % Mar 13
$5 conv preferred—
5%
preferred
—
6% preferred—
RR
Cuban-American
7%
Sugar—
preferred
5%%
4
3
441/2 Jan
10
53'/a Apr
175% Jan
4
Press
Inc
6% Jan
22
2%
Jan
6
6
3% Jan
22
U
Jan
2% May
22% Mar 31
14%
Jan
20
16% Jan
'
Jan
37%
Jan
15% Feb
9
17% Mar 20
11%
Jan
97% Jan
20
81%
Jan
99% Aug
27%
Dec
38
Nov
82% July
9%
Jan
22% Aug
7%
Jan
112
Jan
25
100
106
Feb
4
22% Jan
18
22 % Jan
4
Jan
4
Corp
Lt 4%%
80% Mar
3
28% Mar 10
10
101
20
...
10
100
Hudson
&
Western
—50
20
No par
Reynolds A
Diamond
6%
&
Edison
No
Match
25
15
35%
15%"
33%
14%
35
34%
*95
98
•96
98
15
15%
33%
34%
*96
16%
15
14%
34%
98
*16
15%
34%
15%
33%
*95
98
34 V«
--
r/\-~
——
16
16%
*15
44%
44%
44 %
44%
44%
44%
*44%
5%
0.'/
44%
41
40%
40%
39%
39%
39%
41%
40%
40%
22%
23
22%
22%
22
23
23%
23%
24
24%
16%
•44 '/a
50%
*16
50%
50
50%
120
'120
•119%
120
•108%
109%
•31%
31%
120
109%
*108%
31
31
9%
9%
13%
*12%
*108%
31
10
9%
•12%
50%
9%
13%
*12%
51
50%
50%
50%
120%
119
119%
109
109
109
31
31
31
_j
t
3
10
9%
9%
9%
9%
13%
*12%
13%
*12%
•116%
*116%
120
*116%
120
117
9%
117
144%
144%
144%
144
144%
128
*127%
128%
128
128
119
*118%
119%
144
145
145
*116%
144%
"
Dow Chemical
1,000
^
145
——
—
—
40
Du
3,300
— —
1
8% Jan
No par
100
(E I) & Co
20
128
♦118%
'
*118%
128%
128%
xl26%
127
119%
'118%
119%
*118%
P
de
Nemours
11%
35
11
11%
10%
icr%
,lt)%
11%
35%
35%
34%
35
35%
35%
•17%
38%
*179
166
*179
43%
43%
44%
8%
167
182
166%
167
182
•43%
8%
8%
8%
•8%
167
•179
43%
182
17%
17%
*17
18
38%
39'%
39
39
10%
10%
10%
10%
42
41
41
*41
•31
31%
31
31
31
*60
*60%
62%
105%
*105
62%
105%
*60%
105
800
Eaton Manufacturing
Edison
10%
87%
Electric
Autc-Lite
10%
2,700
Electric
10%
4%
4%
2,300
88
87%
88 %
3,500
85 %
1,200
84%
84%
41%
40%
40%
40%
45 5/s
31
31%
31%
31
31
*61
62%
105
105
*61%
'
11%
11%
12%
12%
17,900
94
94
95"
94%
95%
650
97%
97
97
97
97%
97%
98
98
98
290
100%
101
101
101
101
560
*%
For
ft
footnotes
.
100
%
see
page
"/2
1463.
101
101
ft
.
%
%
%
%
-
$6
preferred
preferred
Paso
Endicott
150
11%
101
$7
:
i
No par
No par
No par
No par
3,000
4%
7
No
No
No
No
Jan
17
Dec
116
45%
■■
Sep
5%
Dec
9% Apr
14%
Nov
24% Mar
3
96
Feb
119%
Nov
4
Jan
15%
Jan
26%
Jun
3%
Jan
--'-•
7%
Oct
14
17
Jan
19
Mar
12
Jan
•19
Jun
Jan
116
Jan
Mar
8
108%
-
Jun
26% Mar 13
10
Jan
24%
41% Mar 22
26
Jan
43
13
29
Jan
36% July
12
Jan
20% May
35
X20
Jan
Sep
July
"
Mar 10
8%
Jan
17%
9% Mar 22
3%
Jan
Mar 23
16%
Jan
10% May
22% July
31% Mar 27
20
56% Mar
3
'
48%
Mar
40
Dec
Apr
17%
Jan
35% July
32% Jan
31
26
Jan
33% Mar
Feb
8
37
36% Mar 23
5
41
Jan
42 %
Jan
17
Nov
"0
6
8%
Mar 27
21%
Jan
Jan
25
83%
Jan
16% Feb
24
10
Jan
i*%
11
•35%
100
Anr
May
35%
Oct
100
Dec
16% July
45
July
34
Dec
8
38%
Feb
4l% Apr
5
22%
Feb
25% Jan
17
15%
Jan
25%
57% Feb
25
44
Nov
73% May
44% Jan
3
Jan / 5
122%
103% Mar 31
131
3
34% Mar 13
12% Feb
13
2
_
Nov
153
xl06%
16
Sep
May
Dec
107%
Dec
Jan
35%
Jun
5%
Jan
10%
Dec
Apr
9
Jan
13%
5
115
Jun
122%
148% Mar 13
134
Jan
159% July
Mar 24
124
Dec
130
115%
Dec
121%
Sep
Dec
13% Mar 17
128/%
Apr
120% Jan
20
Oct
Aug
v
10% Feb 28
12
Jan
20
9%
Nov
11%
34% Mar 31
*
39
Feb
28
31%
Jan
44% July
9% Mar 16
3%
Jan
8% May
146%
6%
157
175
41
,f17%
37%
10%
3%
4%
83 %
80
Jan
3
Feb
7
Jan
170
May
7
xl73
Sep
184
Jun
44% Mar 17
35
Jan
45% July
18% Mar 16
11%
Feb
19
8
30%
Jan
39% July
22
8%
Nov
14
167% Mar 31
183
Jan 24
Jan . 3
Feb 24
Jan
4
Jan
3
Jan
4
Jan
41% Mar
11% Jan
Jan
6
1%
Jan
Jan 13
Jan 19
3
31%
Jan
92
94% Mar
4
28%
Jan
88% Nov
28
33%
Jan
42%
4% Mar 15
8
27% Feb
7
31% Mar 23
23%
Jan
57% Jan 25
101% Jan 19
63% Mar 13
49 %
Jan
106% Mar 11
101%
Dec
8% Jan
3
87
Jan
3
89
Jan
3
92% Jan 10
2%
Jan
par
par
.
5% May
1%
5% Mar
99% Mar
39% Jan
par
Sep
' Mar
4
Feb
43% Feb
par-
7% May
Jan
12
Oct
107
Jan
1
Johnson Corp
preferred.
Public Service
preferred
$5% preferred
$6 preferred
.—
{Equitable Office Bldg
1%
30%
124% Jan 11
117% Mar 20
3
Engineers
$5
6
RO
100
Natural Gas
94
97%
shares
Storage Battery
11%
-12
Am
El
94%
,
Mus Ind
Electric Power & Light
Electric
62%
105
105
&
.5
3
900
11%
11%
94%
—2
(The)
700
•'
94 %
11%
94%
Elec
500
4%
*4
84%
62%
Co
Inc
Boat
85
105
Stores
par
100
—4
preferred
43%
Bros
5
No
Kodak Co
cum
1.600
4%
*41
43%
6%
10 5%
4
84%
182
—i
Jan
12
117
10
Co
{
Jan
113
11% Feb 11
100
Mills
17%
4%
"87
Eastman
167
Rolling
3934
4
86
1,400
8%
166
1st pfd
100
116% Mar 28
{37
Feb
7
.
No par
Airlines inc—
17%
4%
85
2,000
Fastern
393/4.
4
89%
taaiern
39%
4%
85
*105
38%
4
87
Eagle-Picher Lead
1,600
200
4%
86
2,300
18
*17
10%
43%
4
89%
88%
*43%
834
11%
353/4
11%
*35
'180
181
4%
4%
•84
8%
366%
4
4%
4%
8%
165%
'179
43%
18
•4
100%
8%
1661/4
38%
40%
preferred
Duquesne Light 5*
$4.50
900
119%
35
•11
'
Jun
11
15% Mar 10
7
28% Jan 21
'
"
26 V2
7% Mar 20
106% Jan
Duplan Corp
preferred—
——
-
118
No par
No par
International
Dunhill
Mar
No par
series A—
Dresser Mfg Co
Jan
20
Jan
5
Feb
8
Mar 1
Jan 17
Jan
3
Jan
3
Jan 12
Feb
3
48% Jan
No par
Co
$4 preferred
No par
No par
No par^
No par
Douglas Aircraft
5,300
—
—
13%
120
.
;
:
Dome Mines Ltd—
700
——
Co
Cup
18
24% Mar
Jan
4
Mar 17
Feb
3t
Feb 17
13% Jan
100
Oct
4
117
Jan
x27% Feb 29
96
Mar 24
15% Jan
3
43% Jan 5
33% Jan
4
21% Mar 28
No par
preferred
Doehler Die Casting Co
100
31
Ltd
Corp-Seagr's
Class A
...
2,200
103
31
Dixie
14,100
—~r~' ■'
^
120
2,200
119
108 %
100
340
__.
-1-
50%
118%
*
Distil
2
Diamond T Motor Car Co
~—
16 3/4
16
44%
40%
•16
4,500
4,700
V'.'ll ' /.
:
•/."/
,w
98
*95
25%
6% Jan
31% Mar 3
38% Mar 31
par
preferred
partlc
Jun
Jan
17% Mar 23,
13
21% Jan
par
Dec
10%
47% Jan
14
29% Jan
No
Jun
106%
6% Jan
Feb
1
14%
115%
118
5% Mar 30
100
July
Apr
3
27'/2 Mar 15
4
42
1
-Oct
Feb
105
3
109
11
6%
19%
13%
xlll%
Oct
17
92% Mar
8
Apr '
117
*
106% Feb
Feb
115
47
'
24% Mar
5'/2 Feb
16% Jan
X66
9
13% Mar
108
_8
25
pfd
33% Mar 16
4
11% Feb
1
100
(The)
4
Jan
20% Jan
No par
No par
1
-
Jan
69
No par1
pfd
Mar 14
100
28
100
Inc
Lack
Oct
31
18%
27
Co
Delaware
23% July
34% Mar 22
Delsel-Wemmer-Gilbert
Detroit
23% Mar
Jan
9
21% Mar 16
3
108% Aug
16%
6
22% July
Jan
Jan
47 % Jan
Preferred
&
Apr
24
3
Jan
95
Mar 14
109
May
1
No par
Corp
preferred
IDelaware
Sep
3
3
A
&
186%
Jan
Devoe
Deere
Apr
'61% May
Dec
Jan
-
Records
47
Jan
,
1% Jan
5
21%
37%
32%
17%
17%
5%
18%
52
Decca
Jan
53%
173
29
27% Feb
I
(The)
Chemical
37
6
Feb
45
preferred
Davison
Aug
17% Aug
58% Mar 14
7
i
Curtiss-Wrlght
Class
Apr
53
Dec
No par
5
No par
No par
100
100
10
100
$7 preferred
Prior
15
Jan
13%
4
11
183
20
-
preferred—
Curile Pub Co
Jan
45
Jan
48 '/4 Apr
4
18% Feb
Cudahy Packing Co
Cuneo
x9%
13 % Mar 20
19% Jan
50
Mar 20
47
15% Jan
2
preferred—
conv
27% July
5
Zelierbaeh Corp—
vCrucible Steel of Amer—
Cuba
Jan
30
preferred
Crown
18%
Mar 15
No par
Seal
Cork &
$2.25
37% July
7
15% Mar 15
No par
Crosley Corp (The)
Crown
Jan
43
1041/4 Jan
(The)
Cream of Wheat Corp
25%
3
25
1
22
29
100
_
preferred
conv
Sep
7% May
19
1
1
1
Corp
Co
Crane
49%
Jan
Feb
10% Jan
100
Coty
Jun
Jan
4%
Jan
20
Co
Trust
Refining
Preferred
15%
40%
13
25
Electric
Jan
3
Jan
25
No par
No par
5
50
Corp
1
Corp
$3 prior preferred
Copperweld Steel Co
Conv pref 5%
series—
Bessemer
Oct
:
-107
6 % Mar 13
13% Mar 16
46
38% Feb
No par
Continental Steel Corp
Cooper
9
38 % Mar 16
>01 ,<1
•14
Dec
7
1,900
39
Dec
47%
11
'
8%
18%
Jan
5% Jan
1,000
•
Jan
11% Feb
Detroit Hillsdale & S W RR Co„100
600
Aug
Jan
7
21
42% Feb
20
"
33%
17% Feb
$2.50
1
5
Dayton Pow &
40
33%
—
—
%
39%
4
16
4%
16% Mar 10
29
Jan
Sep
5%
39%
25%
Jan
102% Jan
par
Davega 8tores
113
*113
113%
*25
15
Jun
200
14%
14 %
4
12% Jan
45
Oct
36%
25
*191%
39%
8%
27% Mar
110%
7%
7%
-
25
25
19%
Nov
23
Jan
Cushman's Sons Tnc 7%
25
19%
17%
20
Cutler-Hammer Inc
*113
29%
22% Feb
Jan
600
25'%
33%
3
Inc
22%
22%
113%
'
18% Jan
26%
2,500
116
*111
22%
15,300
25%
*113
21% Mar
96
1,100
5%
17
16%
16%
116
22%
25
29%
Nov
Feb
110
43%
43%
5%
116
17,400
<
'
«!/■
113%
6
Sep
8
Nov
9%
109
4 '/2 °!c
110
*107
Feb
2%
24%
12
3
107% *
5%
>-
500
24
43%
*22%
>
14%
14%
107%
10% Feb
3
Jan
24
10
100
800
27
*?3
*106%
5%
*109'/4
116
*19%
'—J
*26%
19% May
32% Feb
10
114 >/2
*107
26%
6
4,400
120
*115
108
108
12%
12%
12%
42%
16%
22%
*19%
24%
670
July
3% May
Jan
106% Jan
500
5%
16%
16%
5%
6
78'%
25 3/8
105
Jan
20
5
400
3,900
—
78%
-V
78%
24
*106%
107%
31%'
42%
5%
•109%
23
•23
108
16%
98%':
31%
2
100
300
900
98%
114%
26%
24
106 %
6%
110
*107
26 %
*16%
120
*115
24
•26
12%
12%
900
2,800
"•
31%
25%
25
25
120
47%
Jan
%
7%
4% Mar 23
20% Feb
~
313/4 "
*46
99%
"
*77%
114%
*107
109
*106%' 108
'
"••••■•
19
19
1,500
:v:'
x31%
16%"
99%
31% '
;■
24
91%
Apr
9
preferred
8%
Continental Can
290
47
16%
99
•78
23%
106% Mar 21
Sep
6%
24% July
-
Continental Baking Co—•—No par
Products
12,200
g
1073/4
31%
31
*45%
47
107%
7
19
*18%
19
31%
*45
22 3
21%
23%
'
Jan
-
Jun
Exch
2%
2%
2%
21%
107%
18%
19
32%
2%
21%
106%
31%
19
32%
■hi-
2%
21%'
107%
21
108%
Jan
15
109
Dec
15%
7% Jan
90
Jun
Corn
600
3%
4
11%
Corn
1,000
5
Jan
Jan
Cornell-Ducilier
5%
Jan
x4 %
430
180
*5%
5%
107%
21%
21
21%
107%
5%
5%
180
179%
179
178%
5%
2%
*2%
2%
2%
178
177%
'
11
4
23
27
Mar 10
590
54%4
Jan
17
23
10
3,800
48%
55%
107
3% Feb
27
700
173/4
17%
Jun
Jun
24% Nov
7% Jan
31%
41
41%
11
25
Jan
23%
Continental Oil
200
Jan
Jan
10%
Jan
Continental
1,200
2%
17%
6
16
3,700
14%
10% Mar 23
24% Mar 11
27 % Apr
10
23% Mar 28
7,900
26
July
104% Feb-. 2
5%
-
27
15
31%
25%
Jan
4
29% Apr
15 '/a Feb 24
of America
Corp
Container
5%
-14%
21%
6
Feb
$4.50 pfd_—No
Consumers'Pow
31%
v
Dec
26% Apr
3
Jan
5%
14%
82
89-~
Insurance
26
Jan
3
Diamond Fibre
31%
Jan
5
Continental
*25%
A
36%
% Jan
33%
Continental
/
1% May
3
87% Mar 11
48% Feb 21
200
47%
5%
3
104% Jan
50
1,300
18
177%
1
Jan
11% Jan
preferred
$2.50
45%
*47
-
pfd
6%
Cuba
of
RR
Consolidation Coal Co—:
'11%
18%
5%
Consol
36%
55%
178%
% Feb
Sep
Jun
July
10
100
25
i
45%
47%
5%"
16
Mar
1
Aircraft
*11%
55%
'
Jan
5
15
Laundries Corp
12%
*46%
177
9%
5
45%
*18
53%
7
16
13
36%
*14%
•
14%
48
*47
3
2% Jan
45%
;-
31%
31
11%
47%
31%r
14% Jan
16% Jan
5%
45%
5%
44 %
1023/a Jan
36%
36%
11%
45%
''
Jan
1
*11%
36%
*11%
'
29%
No par
Preferred
200
109 %
'
-
11
No par
Consol
100
2,000
*107'%
107%
107%
109%
800
2,600
-
23
8%
9
8%
9
>8%
'107%
3%
9%
•107%
45 % Jan
partlc preferred
Consolidated Natural Gas wd
200
1043/4
22%
22%
22%
22%
104%
104%
104%
104%
*
483/4
*47
48
48
48%
22%
4,300
20%
14%
23
15
No par
Consolidated Vultee
Jun
Jan
preferred
Film Industries
$2
July
104%
107%
21 % Feb
$5
11,600
v
13%
13%
16
Coppermines Corp
Consol Edison of N Y
41
10
79
41% Mar 18
44
106% Jan
5
preferred
prior
6%%
Consol
Consol
4,300
-
20%
16
22%
10
Edison Co
1
41% Mar 24
3
11
40% Feb
Trust
Commonwealth
810
29%
!
13%
14%
23
Jan
No par
Commercial Solvents
No par
Commonwealth & Southern—No par
$6 preferred series
No par
1,400
20%
20%
22%
17,000
£.
'
19%
19%
14%
104%
Jan
25%
preferred
conv
Comm'l Invest
440
3,600
4
16
104%
4% %
3,800
106
4
*19%
104%
/
213/4
21%
21%
106
14%
104%
30%
9
Feb
27
16%
104%
25
Mar
37% Jan
105
23
14%
*47
39% Jan
10
100
Credit
8% Feb
16
49
19% July
20% Jan
14%
•47
Jan
21% Jan
16%
20%
9 l l
No par
100
14%
*19%
19 % Mar 16
Consolidated Cigar
16%
20%
26
2,600
13%
13 %
'
16% Feb
27%
29%
29%
23%
98% July
23
No par
19%
10
<9%
Jan
No par
4
19%
19%
19%
10
79%
Congoleum-Nalrn Inc
105%
4
29%
90% Mar 25
Conde Nast Pub Inc
21%
21%
105
10
14
600
3%i
29
Feb
400
8,900
106%
10
Oct
84
10
3%
29%
Sep
73
23%
26%
;
,25%
106ft
10
77%
Jan
*9%
3%
4
Jan
37
5% Mar
23%
26
106%
21%
Jun
40%
80
9%
3%
105
5%
85'% Mar 14
7
3
2&%
26
106%
4
Jan
3
Feb
4% Feb
9%
3%
22
1%
Jan
70
23%
28
1
29%
20%
2,500
iot%
19
19%
•19%
26,900
3%
3%
4
3%
%
6
76
24% Jan
25%
23%
105
105
105
82%
-
106%
21%
21%
'21%
104%
.
-
5,000
'
83%
'
14
%
83%
3%
3%
3%
3%
25
106%
106%
106%
U
82%
106%
25
26
•25%
15%
10
23%
3,900
43%
15
26
9%
23%
23%
24
•23%
43%
15%
%
25%
10%
*10
43%
15%
82%
J*
82
25%
25%
25%
*10%
42%
Pictures
Commercial
100
110
♦106
15%
15
15%
15
15%
15%
*81%
2,600
-
share
No par
No par
No par
preferred—
$2.75
100
40%
43%
42%
43%
40%
110
•106
800
18
42%
*41
42%
40%
40%
110
*108
110
'106
>17%
18
*40
40 %
Columbia
$ per
$ per share
100
100
Co
Carbon
$ per share
-
Highest
Lowest
Highest
$ per share
No par
preferred series A
5% preferred
6%
Columbian
Year 1943
Range since January 1
Lowest
Columbia Gas & Elec
100
*89% n 90 %
90
18
40%
40%
•40
>
*89%
90%
42%
18
*40%
75
*74
Range for Previous
■
..
Shares
share
share
75
■
EXCHANGE
Par
4%
•*73%
'.<■■■
u
■
STOCK
YORK
NEW
for
the Week
$ per
'
Monday, April 10, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1456
% Feb 26
,
13% Mar 3
98% Feb 28
99% Mar 18
102
Mar 3
% Jan 12
6% May
x32
Nov
Sep
Sep
58% July
103%
Dec
9%
Sep
54
Jan
92
57%
Jan
92%
Sep
62%
Jan
96
Dec
%
Jan
Sep
1% Mar
Volume
159
Number, 4271
,
THE COMMERCIAL & FINANCIAL
LOW
Saturday
a.
per share
12 %
HIGH
12%
55%
$ per share
12%
12%
12%
12
12%
54%
54 %
85
*80%
*7%
7'/a
113 4
11%
'11%
21%
27 '/2
27%
27%
3%
3%
*3%
*3%
7%
*7%
$ per share
$ per share
12%
12
12%
12%
12%
9,300
54%
55%
55%
700
85
*80%
7%
11%
11%
11%
'■
7%
—I—
7%
7%
11%
11%
,
4
/.*ii%
t
v
.
27%
3%
4
28%
Erie &
1
'
J>
Eureka
400
.
■■
;3%
4
*3%
i
benef
Pitts
300
Evans
:
•
9,800
v
-
Ex-Cell-O
Exchange
;:;'
-
[
"
.
.
f
par
9% Jan
46% Jan
3
50
78% Feb
15;
5
6% Feb
10,
.5
10% Feb
4
13% Mar
7
i
_3
21% Jan
3
29% Apr
6
i,
2,50
,i2% Jan
25
•4% Feb
5
—
Cleaner
.
Co
Corp
.
;
Buffet Corp„
*
4
Jan
16% May
16% May
Jan
52% May
15
68%
Jan
78
5
3%
Jan
9%
Jun
5%
Jan
14%
Jun
Nov
29% Mar
Jan
3% July
8
13% Mar 22
3
39%
Mar 24
56
78% Feb
8
$ per share
Jan
Jan
,
20
j
%
.
Nov
!
,
".
8%
100
RR Co
Products
13% Mar 22
par
9% Jan
Highest
$ per share
No
int
Vacuum
300
29 %
28%
••
of
Lowest
$ per share
$ per share
No
common
5% pref series A
'
27%
RR
Ctfs
,
'<
•
12
Erie
Year 1943
Lowest
Par
2,700
85
.Range for Previous
Range since January 1
Highest
STOCK
EXCHANGE
Shares
12%
*80%
YORK
NEW
the Week
April 7
12%
7%
.
Sales for
Friday
,
;
54%
85
27%
7%
<
April <»
12%
12
*80
t
Thursday
April 5
$ per share
12%
54%
85
share
1457
STOCKS
Wednesday
54%
per
12»/4
12%
*54%
SALE PRICES
Tuesday
April 4
S
12 %
•*79%
AND
Monday
April 3
>
April I
CHRONICLE
i
1;
*37
38
•
*37
37%
38
37%
38
23%
23%
23%
23%
23%
23%
12%
12 %
37%
24
*23%
11%
12%
11%
11%
11%
12
16%
*16%
100%
100 %
37%
L.v
23%
m%
16%
16%
16%
100%
100%
,*100%
100%
*20%
20%
*20%
20%
20%
20%
*20%
20%.
21
:*18%
18%
*18%
18%
*18%
18%
*18%
18%
18%
7%
7%
7%
7%
7%
7%
7%
24%
24%
24%
24%
24%
24%
96%
95%
96
7
-•
24% *25
96
,
;,96
*19 Vs.
96
H;
r
98%
19%
20
48 %
20
*16
*100%
43%
48%
48 7
s
43
43%
42%
106 %
37%
*106
37%
*22
19%
x42%
42%
,43
106
43
106%
:
i"
■
48%
:'v
:
2,800
4%%
500
37%
37%
2,500
First
22
22
22 Va
1,100
Flintkote
105%
106%
90
37
37
36%
36 %
*36
37.
*26%
28%
*26%
28%,
28%
*26%
20%
7
i.;__
*26%
28 %
.7
17%.
7
6%
7
51%
52
,
.
7
6%
7
.
Co
38% Feb
8
105% Feb
21
Stores
par
No
par
19% Feb
par
par
34% Jan
24% Jan
18%
6% Apr
25% July
98% Nov
Jan
78%
12%
Jan
Jan
50%
25%
Jan
43
31%
Jan
Dec
Jan
19%
■
Jun
Jun
.July
107% Mar 13
Mar 11
41
13
No par
Dec
Feb
42/
1
6
Nov
19% July
105% July
29% Apr
,
Jan
15
1
Mar 22
,43%
13
3
4
35% Jan
Jan
Jan
Jan
13.
Mar 27:
49
9
104% Jan
No
Apr
20
No
No
Co
Steel
,
100
(The),
Stove
Follansbee
1,400
.
,
27
•
Florsheim Shoe class A—*
>
Jan
10
preferred-
Florence
400
—
National
$4.50
Jan
Jan
45
6%
86
3
3%
98% Feb
93
17
May
11%
18%
25'
1
£8
Nov
3
-7% Apr
22% Jan
par
Mar
Nov
8%
21% Mar 17
,20% Jan 1.2
4
Jan
5
100
N Y
Tire & Rubber-.
preferred
37%
!
19% Jan
42
21
17
17% Feb 24
101% Feb
Jan.21
$2.50
Corp
Firestone
21%
*105%
preferred-
conv
Enamel
Fidel Phen Fire Ins
106
105s,a
Ferro
1,100
—
42% '..42%:...:::iih .*-7
106%
4%%
250
600
.
.
No
Dept Stores——
14% Jan
17% Jan
•
No par
37
38
21%
37
V.
;•
'
19%
48
5
18
100
2
Corp
Federated
1,000
IT
96
19%
.
Federal-Mogul
Federal Motor Truck
15,300
*
—
104%
*36%
7%
—
22
37%
7%
96
.>*-
107
*26%
.
'
24%.
*24
100
v
7%
3
14% Jan
15
No par
30% Nov
8
24% Mar 21
14
-
Mar
38
'3
Feb
9% Jan
X22
20
Federal Min & Smelt Co
500
—-
18%
:
Light & Traction
preferred-:
$6
33% Jan
par
Corp_l
Federal
50
107
22%
107
*36%
,
...
48%
37%
100
—
21%
7
19%
48
37%
;
100 %
oo
M
19%
48%
106
.7
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad
107
*21%
■
107
*
—
"
48%
106%
37%
22%
*105
.:
16%
*16%
•
.
.
'*19%
43
*106
96
>
17
100%
" V1
i
No
1,400
6,100
__
11% ,12 "
..
Fairbanks Morse & Co
800
37%.
*23%
39%
Jun
15%
Mar 20
■
38% Mar 17
29% Mar
l
i
;
Jan
97%
Jan
109.
25%
23% Mar 10
107
Jan
36
Jun
19%
Jan
28
Jun
22%
Jun
July
3%
Jan
30%
Jan
53
9%
Jan
13%-July
39%
Feb
54
4
8% Mar
8
Feb
3
58% Mar
7
-1
11% Jan
5
14 % Mar 28
10
10
Corp
53% Jan
5
60
16
Jan
18
23% Mar 24
10%
Jan
19% May
25
20
Jan
4
22% Mar 25
16%
Jan
21
13% Jan
13
5%
70
Jan
15
30% Jan
3
6% Jan
10
•
9 %
July
"
51
*50%
51
51
*13%,
13%
13
13%
58%
58 %
*57
51
.
21%
i
51
13%
58%
-
7
*"?■ 51%
flMii
13%
13%
13%,*-
58%
58 V*
57%
57%
7,-f u-
•
.
Food Fair
Food
21%
21%
21%
21%
21%
21%
21%
21%
22%
2CLX
3,200
22%
*22
22 %
22%
*22%
22%
22%
22%
22%
22%
fiaz.
130
*14
14%
*14%
15%
*14
14%
*90
91
*88
91
*88
91
*32%
32%
32%
*32%
32%
32 %
14%
*85
*33%
34%
34%
33%
10811
"108.V 10811
*108 in«
*104%
105 %
104%
104%
104%
*3%
3%
3%
3%
3%
3%
*3%
3%
3%
3%
3%
3%
3%
3%
14%
14%
14%
14%
*14%
14%
14%
15
*26%
27%
26%
26%
*26%
27
*17%
17%
17%
*16%
32%
17%
33%
*33%
10811
104%
33%
33%
108 il
*108
105
•108ft
105
;
"ft
.
33%.
,
108 HIT
6 %
Corp
C.orp_,.,
preferred
prior
Francisco Sugar Co
400
— —
Freeport
600
■
—
5%
*26%
T
5%
5%
%/..
27
*17
17%
17
Fruehauf
r'f'
4%%
760
104%
104%
3%
*3 Va
3%
400
33/4
3%
3%
10,400
*14%
14%
26%
26%
*16%
173/8
■—
Co
V
5%
5%
.
5%
5%
53/8
14
13%
13%
13%
13%
13%
13%
*51%
53
*51%
52%
*51%
52%
*51 3/4
52 V2
12%
*12%
107%
12%
12%
12%
*123/8
12%
T
107%
*106%
107 Va
*106%
107 Va
*106%
45%
<" 8%
45%
8'/8
8%
8%
8%
8%
*146%
149%
*146%
149%
*146%
14934
9%
9%
9%
9%
9%
9%
5%
•94%
94%
93%
,
.35%
36
35%
.
35%
-7;
*93
j
ri
27%
144%
45%
45
8%
8%
1493/4
*146%
9%
5%
5
13%
5
*13%
.7;
.27%
93
*145
,
35%
■
35%
36
'
■
.,
—
41%
114
114
42
v
.
114
2%
2%
2%
*117%
1193/4
*117%
119
107 Ve
108 %
*106
109
130
130
130
131
573/4
57%
127
57%
Tv
127
127
*42%
6%
*20
%*1%
1%
21%
21%
1%
*111%
,
1%
76%
76%
21%
21%
*111%
129%
Xl27%
44
21
113
*111%
113
*112
77%
773/4
21%
25%
24 Va
21%
21%
*110%
113%
*16
213'8
21V4
21V4
16Va
16%
16%
81%
82
82
82%
24%
24%
24%
24%
21 3'4
22
22%
*22%
*110%
22
22 V4
102%
*102%
10%
21%
j"-
■■ '■
■
,
24%
*22%
113%
*111
X22
102%
*102 Va
*111
22
v
'
*
$
4 Jf
102%
10%
10%
10%
80%
13%
13%
*7934
13 VA
13%
S3
93
20 '/a
20%
*48
80 '/a
*80 3/»
81%
13%
13%
13%
20
19%
;v
*48%
.483/4
•
94
93
92%
92%
19%
19 Va
193/4
43%
*48i-
48%
*48
;
—
4"3
.
2
2
2
1%
2
2
3%
3%
3%
3%
3%
3%
3%
101%
.43 Va
10%
43%
*109 Va
110
12%
101
101
43%
109%
42 3
97
45
44 3/4
101
*91
99%
43%
*4(3
1%
1%
—j
48%
2
;
3%
-
97
L
45%
i
'
-T/3'0
3,400
001
2,000
200
—
eixtll
-
109%
11%
11%
*106%
1%
;
1 Va
'
'
30
700
103 Va
11%
2,100
108%
110
1%
•
1%
6,000
4
2,400
4
4
4
4%
4
4
17
*16
16%
'16
17
I6V4
16%
100
12%
12%
12%
3,700
11%
36
*35%
36
,*24%
25
*24%
15%
*
12
11%
12%
12%
4
36
35 3 4
36 %
36%
36%
25
24%
24%
25
25
36%
36%
1,200
25
*24%
preferred
preferred
Gimbel Brother?
$6
2,500
(The).
Co
conv
Granite
Grant
15%
15%
153ii
1,200
32 V4
32%
32%
8,600
Great Northern Ry
263/4
26%
26%
1,000
Great
*50
60
43
48
47%
48
20%
20%
20%
20
20% >iT
11%
11%
12
4
3%
15
12
3%
142
*188
11%
11%
11%
12
*50
140
*11
•
.
3%
142
'
ll3't
3%
140
60
12
14 V6
15%
14%
53%
50 3/4
52
51%
52 (
45%
45
45 Ve
45
27%
27%
27
;*IlVa.
nxjc /<n%
*36%
37%
*36
143
fill
27
36%
10
,14% Or
7
::/J
b'14%
11%11%.
:3%
148
15 Va
?
11%
3%
2,000
,7
143
14%
Green
Bay & West
(H
5%%.
RR
Co Inc
L)
Grevhound Corp
(The)
Jun
8% May
18% May
98% May
Jan
Jan
30%
Jan
5
Jun
Aug
9%
Jan
20%
32% May
,
148
Nov
July'
39%
Aircraft Corp.—
Grumman
Guantanamo Sugar—
190
31,600
53
53
44%
44%
28%
*27%
28%
200
37%
*38%
37%
30
53%
3,800
preferred———,
Gulf Mobile & Ohio RR
8%
nrefprred———
4,700
45
Gulf
Oil
6
34
Jan
Jan
3
■113%
Jan
Jan
3
1%
Aug
5
Jan
21
83%
Jan
107%
Feb
18
128%
Nov
137
July
59% Mar 13
44 %
Jan
56
July
Nov
-
125%
8
17%
2%
Jan
21% Mar 16
Jan
13
10
Feb
26
;'1%
113
-
,
Jan
2% May
Jan
25% May
115
Aug
1% Jun
113% Feb
26
X104
%
31%
20% Feb
15
14% Jan
4
17% Mar
22% Apr
14
,
19% Feb
99
Feb
7% Jan
Jan
Jan
22
25% Mar 16
6
110
88% Jan
8
110
8-
17r
Jan
4
14
23% Mar 16
Sep
23% Mar
Jan
15%
Jan
91
60
16%
Jan
15%
Jan
108
14%
11% Mar 22
4%
25%
Jan
Mar 21
60%
14
74
5
Jan
14%
Mar 25
59
Jan
85%
20% Mar 16
14%
Jan
'J.¬
48% Mar 28
41
Jan
94
2
,1
Jan
3
2 % Mar 27
4,.
3% Mar 13.
7
100
Feb
98
Jan
3
104
36% Feb
8
45
104% Jan
3
Feb
18
48% Mar 22
40
Feb
17
Mar 21
109% Apr
3
3
13% Mar 18
25
107% Mar 22
1 (4 Jan
3
4% Jan
5
17% Jan
19
8
24
Jan
3
13
14% Jan
3
Sep
Oct
Jun
1% May
3% May
Jan
Sep
97% Aug
45% Sep
24%
Jan
83
Jan
25%
Jan
41% July
90%
Jan
Jan
108% July
9% Apr
Jan
101%
4%
80
102
If ;Jan
3%' Dec
Oct
Dec
;2% May
6% Apr
8
Jan
.17
Jan
13% May
July
5
36% Apr
5
25% Mar 15
29%
Feb
37
Sen
24
Dec
26
July
15% Jan
13%
Dec
18
Apr
12% Apr
31
25% Jan
3
33% Mar 22
24% Jan
3
29.,
143% Feb
4
May
7%
No pur
15
48
*
3% Jan 20
15% Feb 28
9% Feb
Dec
Jun
22% July
,
Jan
1%
73%
1% Mar 1.5
32% Jan
Jun
9% May
Jan
Mar 22
„
Feb
3
Dec
July
23% May
113
Jan
81
8% jan
No par
No v*
24%
Jan
6
100% Jan
100
59
Jan
9%
3
46
100
Jan
15%
19'7;'
4
Mar
Jan
Nov
Mar 31
103
18% Jan
60
112
Mar
2% Mar 21
Jan
24% May
8% Jun
; 32
12%
79% Apr
6
23% Mar 20
Jan
Jan
5
1% Jan
23% Mar 13
3
19
Nov
6% July
Jan
12
22% Jan 20
39
Jan
1% Jan
Mar 28,
131% May
4%
51% Jan
81
Sep
1Q3%
109
20% Jan
;
13%
pec
5
8
12
Feb
Dec
.
Mar 16
3
Jan
par
-1
No par
Sep
3
120%
Jan
4
Feb
130
6% Jan
par
par
par
1
No par
44% July
119%
-
July
11
85% Jan
25
Corp.
93
7% Mar
2% Jan
preferred-————10
1,400
52 Vs
.
71%
130%
1°0
Preferred
1,500
15%
9%
*
151
131
19% Mar 29
par
6% pfd—No par
Western Sugar
3%
144
44%
/
Iron
Nor
113/4
11%
..
900
4,800
48
20%
..
/
20%
11%
*47%
Great
Green
60
"
45
28%
45%
.
*50
_
43,.-
20%—
3% :uL TC3%
142
GO
47%'
29
11% (M l
15%
,.
52%
*50
n,
Jan
Mar
46% Mar
107
Ore Prop—No
15%
31%
25%
48%
5%
134
3
20
15 %
60
Jun
3
10
Co
(W T)
26%
20%
Aug
51
18
8
Dec
107
Jan
Mar 23
1
preferred
5%
32 %
*48
.'11%
Jan
37
4% J an
No par
No par
City Steel
1.5 Va
*50
Jan
102.
36% Jan
5
M S & P
Granby Consol
Grand Union Co
26 V2
;
Apr
110
4..
125% Jan 28
par
100
Graham-Paige Motors——
31%
152
Jun
Apr
Jan
100
15»%
*149%
6%
6%
14%
53 %
120% Jan
4
50
1
Preferred
26 %
152
11
19
Jan
Jan
Jan
3
Mar 18
-No par
(B F)
Co
32%
*149%
Jan
51% Feb
-1
5%
15 Va
151
102
128
x83
Co
Gold & Stock Telegraph Co
26%
*148%
par
IJ.% Jan
preferred
31%
149
Oct
Jun
9%
7%
43,% Jan
11
69
Brewing
32%
149
Jan
No par
No par
(Adolf)
26%
151
115
par
No par
No par
preferred
Glidden
31%
*148%
14
3
51
2%
117
Mar 17'
No par
Safety Razor
conv
26%
*15%
2
Mar 17
37% Jan
3
Jan
',2%
par
100
5
100
Rubber Co
&
preferred
No
Goodyear Tire & Rubb——No
$5 conv preferred
--No
Gotham Hosiery—
No
*16
12%
$5
Tire
Goodrich
109%
/■
24
10
20
preferred
General
Gobel
6.400
...
Feb
Jun
4% May
Jan
97% Mar
Feb
No par
4,500
43%
30% July
4%
28% Feb
16
41
preferred—No par
Time
JGocbel
4
%
Gen
5.200
.
.11%
: *106%
12
108 Va
1%
43 %
.
Jan
4%
'
No par
100
2.900
101
19%
2
150
Feb
113
par
1
Telephone Corp
Instru Corp
General
1,800
•!(>:/
(ii.
:
48%
101
109%
109%
108 Va
T%
Gen Steel Cast $6
4% %
Of-V
1
-itlclHfCL
.
93%
45%
100
■
3%
*97
433/4
11%
•
i'- 6
.
19%'
2
42 34
*106Va
108%
93
19%
Jan
6*
35
par
Corp—No par
1
No par
10c
General Shoe Corp
4%%
o.oir>
iUaia
i-
"■>
5
15% Mar 16
81% Jan
Realty
Gillette
100
'
4
*10938
.
12
106%
13%
14%
Mar 22
8% Jan
26% Jan
preferred
& Utilities
1
$6 pref opt div series——No par
General Refractories
No par
Gen
120
t)oe>
-uorn fiul
17
f4
*16%
12
•:
11 34
*
.1%
•
•.
,
109%
,
12%'
107%. 107%
V'.a%
43
.
preferred
'
95
44 Va
45%
44 3/4
45%
45%
*101
95
94%
94 Va
97%
81%
xl3%
2
*3 Va.
*94%
No
Precision Equip
$6
5,100
1)00.1
—
10%
*81
Jan
Mar
10% Mar
140
No par
Adv A
Outdoor
Common
6%
900
000
102%
10%
1
48%
*1%
■
,
*92
'470
out
yova/i
22
*102%
10%
80.%
13%
*91)0;
19)%
81%
Jan
Mar 17
147
4% Jan
No par
preferred
$5
Gen
Railway Signal
1,200
'■'}+* •*
'
*79
Jan
1%
9%
47% Mar 13
8
100
10
General Motors Corp
Public Service
900
113%
22
24
Feb
2%
13
3
7% Jan
Jan
107% Jan
4
11% Jan
preferred
5%
Gen
2,200
22%
113%
Aug
'.
7
5% Mar 13
6% Jan
Foods Corp
preferred
Gen
1,100
——
—
24%
22%
110
22
14% Mar 17
11
Jan
143
par
——No par
6%
17
24%
10% Feb
43% Jan
Mar
54
3
5
'
22
102%
11
V
$4.50
1,800
...
19~300
—
82
Jan
106
No par
5
No
No
Gen Gas & Electric A—-—No
$6 conv preferred series A-No
General Mills
No
General
Gen
100
82
.
300
x..
21V4
*16%
preferred
1%
General Electric Co
4
15% Jan
,4% JanT.. 3
13% Feb
1
51
100
No par
-100
Cigar Inc
General Printing Ink
20
79%
21%
400
A■'
113
16% Mar
No par
No par
preferred-,
cum
1,100
"
,
,
5
A
2,600
zf.:.
1 %£
21% -21%
77%
21%
22
■i..
7%
1%
'
,
2,700
—
lllc-O
..
*1%
1%
19%
20%
7%
;.*107
—
7
6%
20%
7%
500
V
■
,
16,300
■
-s.
43%
6%
20%
111
21
128
*42
5%
800
—
210
58%
1%
*24%
11
*l3/8
57%
—
13/4
82 %
103
1%
20
<
...
13/4
81%
10%
*107
130
12,900
132
130 Va
1%
Jan
Jan
:
Jx-J.'r.
107
*
1%
84
1C3
7%
,,
Xl06 Va
77%
*82
223/4
*20
7%
108
131
18
'
2,500
-
29
Bronze Corp__
General
17
96%
Mar 31
4% Mar 11
7
No
preferred—
Class
20
Dec
'''
■■,;
i .■•'.%
118
134
17
*16
113%
20%
118
76 V2
17
*22 3/8
63/4
14,200
2%
1%
*16
*1103/4
*42
-
,
50
T
..
114- )
2%
58
160
'
—'
,
76%
*76
21%
1%
•
*128%
67/8
107
2li
113
1%
57%
42
7%
22
131
57%
.;/. 107
1193/4
*105%
■
127
1%
1%
113
*111%
107%
19%
7%
*117%
General Cable Corp—
700
42%
xll3
2%
Generai
./■
._
6
10
General Baking-———.
200
148
42 Va
42'/«114
2%
'
130
6%
20%
22
118
42
107
107
-
27/«
127
.
41%
114
130
57
6%
7%
7%
109
.
/
107 Va
*
42%
*19%
20%
"7%
*107
*117%
58
6%
42
113
2%
2%.
127
42
43%
6%
41%
113
;■v:
'
r
'■
'.42% ''.42%
114
.
35% :36V«,-
,7 v,
I
r;.—
27%
-
Transportation
1,200
$8
.
.—
93
27-3/B
*145
$6 preferred
2,300
/
.
—
Jan
105
25% Feb
par
No par
No par
Gen Amer Investors
Amer
Mar 20
36
110'
5
preferred—
Gen
—
■'
,
i
1,300
'
—
/«
14%-
93
27%
148 v,.:
8%-.
Co
1,800
5V8,
14
94
*27%
■
*4%
14%
700
—
75
Sep
38% July
31% Jun
4
1
■
Dec
3
5
50
—
Feb
29%
2% Jan
Industries Inc
conv
15%
50
15
2% Jan
Ao
(The)
Gardner-Denver
Wood
Jan
10
12% Jan
Gaylord Container Corp.
■
*
Co
.7
Mar
Jan
20
Gar
"
9%
T
Gamewell
15% Mar
No par
1
cl A
preferred
1,100
-
•
149%
9%
6%
Dec
May
filler
(Robert)
3,500
—
—
45%
*9%
*
5%%
12%
8%
147
35%
45%
.
>
107%. 7/
*146%
T
943/4
*27%
V- *145
;V
45%
•
5
13%
94 %
*27%
.
■V'
14%
.144%
;27%
147
..
45%
5 Va
:.. *13%
; 14%
*27%
*146
45%
5
5%
,
14%
45%
*.
1
52%
12%
*106%
12%
*106%
*51 Va
60
300
.
..
13%.
13%
r
600
-
'.i-.TMii-
53/8
5%
*13%
w
Dec
95
23
104% Apr
Mar 13
:
33%
4
Feb
107
100
(The)
Inc
Co
29% Jan
1
1rtn
preferred
Gabriel Co
Galr
pfd—100
10
preferred
Trailer
conv
■
.
No par
Sulphur Co
G
•
-
F'k'n Simon & Co Inc 7%
<:zz
:
32%
Machinery
48
100
Stores Inc
Foster-Wheeler
700
Kii'J.
91
*85
32%
*108,9«
33%
14%
14%
14%
91
32%
preferred—,
conv
900
300
*13%
58%
*57
5%
190
-
"5l'%
13%
Mar
8
150% Mar 22
67
Feb
21%
Jan
23%
Nov
138
.
32% May
27%
Jan
Jan
154
Dec
65
Jan
3
57%
Sep
43% Feb
17
50% Jan
5
31%
Jan
50
Sep
19% Jan
3
22 V* Jan
24
14%
Jan
21%
Dec
11% Jan
13
12% Jan
14
11
Jan
11% Jan
27
13
10%
Nov
13% July
17% May
3% Apr
,
3
26
4% Mar 10
150
123
Jan
6% Jan
33
Jan
44% Feb
3
3
8
Mar 13
2%
Jan
5
Jun
Mar 14
81%
Jan
160%
Jun
15% Mar 20
3%
Jan
56% Mar 20
25%
Jan
46% Mar 17
44 V*
Dec
Mar 27
10% May
41% May
50% July
H
*27
36%
l*;
16
16
*11%
'106
*11%
32%
107
Pip
'106
footnote
/
36
*15%
12%
107
naee
*11%
'106
1463.
*,27
37% ^^^36%'
16%
12%
107
.
-
*15%
*11%
*106
16%
12%
107
Hackensack
7%
Water
preferred
class A
Co
16%
900
Hall
12
12
100
Hamilton Watch Co.
'106
.107
16
8%
Printing
preferred—
25
27
Apr
4
25
35
Jan
20
10
15% Mar 13
No par
11% Mar 28
110
106% Mar 17
?9
37% Mar
16% Mar
22%
Feb
28%
Sep
6
35
Jun
38
Apr
8
12%
Jan
18% July
9%
Jan
Jan
17
107% Jan
24
14
104% Mar
15%
Jun
110% July
THE COMMERCIAL & FINANCIAL CHRONICLE
1458
$
$ per
per share
106
106
16 %
*148%
share
16%
•148%
150
$ per
share
16%
16%
*147
6%
63i
*6%
7%
*6%
7%
6%
6%
108%
*107%
109'/a
*107%
109%
107 %
107%
7%
7%
7%
*7
7%
*7
7%
2%
2%
2%
101%
101%
72
161
*161
72
*68
A.
79
78%
79
131%
132
*131
79%
68
*65%
68
*65%
117
*116%
117
117%
22
•20%
22
*20%
*20%
*21%
21%
*36'/a
*21%
21%
*21%
37%
37%
37%
38
14%
14%
14%
14%
15%
15%
15%
15%
15%
15 %
42%
*43%
44%
15
*14%
15%
14%
60%
60%
*60 %
61%
*60%
110%
110%
110%
*109 '/a
110'4
*109%
110%
65%
65%
65%
64%
65%
10%
10%
10%
10%
10%
10%
32%
32%
*32%
32%
32
*1%
1%
*1%
1%
*21%
15%
15
43%
14%
111
111
10%
10%
10 %
10%
32%
33
33%
33%
1%
1%
1%
700
8%
*7%
24%
d 24%
9%
9%
9%
9%
9%
1%
1%
1%
1%
1%
1%
1%
1%
1%
<
r'
2,100
1%
*8
8%
8%
25
26%
26%
26%
26%
Jan
7
1%
2,800
5%
400
Jan
7
16 %
12
28%
16% Feb
7
—No par
13% Jan
3
100
12.50
No
41%
Apr
Manhattan——i—100
&
1% Jan
11
2
%
Jan
2%
Jun
6
12
Jun
preferred
non-cum
100
1
1% Jan
4
1% Mar 15
U
Jan
2% May
Hupp Motor Car Corp
z
74%
74%
74%
*74
10%
10%
10%
31
74%
103/8
10%
8%
*8
8%
31%
31%
113
113
113%
103/8
-
8%
31 %
8%
8%
31%
74%
10%
10 %
8%
*112%
113%
*112%
Rayon.
Steel
No
Co
113%
60
6
%
7%
7%
7%
7%
7%
7%
7%
7%
1,600
7%
7%
7%
7%
7%
7%
73/4
7%
3,000
Interlake
71
173%
*2%
70%
173 %
173
5%
5
'
5%
173
*173%
2%
*2%
174
71
174
*
400
70%
71%
1,900
173%
*173%
173%
120
2%
:. / 2%
Int
International
2%
1,100
Int
16 %
16%
16%
16%
2,100
68
68
5"
5
5%
100
5%
253/4
26 3/8
25%
26%
25%
26%
25%
26%
133
131%
132%
*131%
132%
*131%
132%
131%
131%
14%
15
14%
143/4
14%
15 VB
143/4
15%
15%
15%
17,500
*72%
73%
72%
73 %
72%
72%
723/8
72%
73
73 % "j
;
'9 %
9%
*83k
9%
9%
9%
*8%
9%
73%
73%
73%
73%
72%
72%
*72%
43
*42%
26%
16,300
"
*42%
37%
"64
*110%
13%
*42%
43
124
*64
*110%
37
37%
66
*64%
*110%
124
124
*110%
13%
13
13%
16%
16%
16%
16%
*15%
16 3
*31%
32
*31 %
32
*107
*89%
*83
22%
8
*140%
28%
*109%
88%
90
100
*83
_
13%
89%
100
13 3'4
13%
16
16%
31%
14%
28%
88%
89%
100
22
*63
1%
14%
143/4
129,900
14%
14%
2,400
16 3 8
500
Interstate
16%
500
Intertype
31%
*31%
32
400
14%
.
28%
*109%
88%
*83
_
—
14%
29%
111
88%
100
*140%
*14
*28%
*109%
89
*83
700
Jarvls (W B)
800
4 % %
90 %
Joliet
Jan
173% Jan
12
2% Mar
4
*35%
*14%
*103
17%
*122
*122
11%
*16%
17%
*16%
11%
11%
11 %
500
*122
*122
12%
10%
11%
37%
36
36%
*36
15
*14%
*14%
15
103%
104%
*103
*110
17%
112%
17%
17%
112%
*110
ii%
10%
.
37%
15
11
*35%
15
104%
104%
*1031/2
17%
17%
*16%
■"
17%
17%
*110
112%
*110
37
15
105
17%
112%
21%
21%
20%
20%
20%
20%
20%
*15%
16%
16
16
16
16
16
16
*112%
115
*113
115
*113
115
30%
31
*112%
31
115
31%
30%
10%
17%
600
10%
43,200
series
%
Jan
17% Mar 23
11%
Jan
19
Mar
69% Jan
20
55%
Jan
67
July
4% Jan
'-3
•5% Feb
21
3%
Jan
28% Jan
17
25
Nov
14
129
Dec
3
25% Mar 31
130
36
xl5%
*104
*16%
*110
*20%
153/4
*113
36
'.4%
200
3
7
16% Mar 16
8%
Jan
143%
Feb
11
75'/a Mar 13
7% Feb
3
68% Jan
•66
.
134
Feb
17%
5%
700
Jan
693/4
Dec
3%
Jan
11%
Jun
' 4
75% Mar 25
37%
Jan
15%
600
43
39
July
37% Mar 16
28
Jan
Apr
38% July
3
71% Mar 10
36
Jan
60
117
Feb
11% Jan
par
No par
>3
Jan
9
102%
6
6%
Jan
14% Apr
17% Jan
15
9%
Jan
is
Jan
4
*
16% Mar 15
10%
Jan
29
Jan
6
v
32
Mar 27
27%
Jan
-
-32 3/a
Apr
141
Mar 15
Jan
-
145%
Jun
138 % Jan
13% Jan
17-
3
28 % Mar 28
15% Mar 22
31% Jan
110
Feb
Jan
79
Aug
26%
Apr
58
Jan
5
66% Mar 22
54
Nov
65
Apr
100
66% Jan
4
76% Mar 16
64%
Dec
82
Apr
10% Jan
14
8%
Jan
12%
Jun
11% Feb
25
.
•
16% Mar 29
10
B
-No par
No
X122
Mar 13
6% Jan
par
3
19
Mar 21
xl2%
Feb
124-
121
25
14% Mar 28
19% Jan
——
1
-4
13% Feb
100
Dept Stores-
19
Jan
5
Jan
4
100
102
5
17
pfd_100
110
preferred
39%, Mar 11
xl5% Apr
(Julius)
&
Co___
conv
conv
cl A
20
1
Mar
Jan
6
25
105
6
Feb
10
19
19% Feb
Jan
19%
Dec
5%
v
7%
127
Jan
10%
Dec
29%
Jap
17■/
B
13 % Jan
i
26
Sep
Aug
Apr
Apr
Sep
83
Jan
104
3
11%
Jan
17
Sep
Mar
6
103%
Feb
115
Dec
22% Mar
8
14%
Jan
110
16% Mar 17
8%
Nov
24% May
16% May
Jan
35%
Keystone Steel & Wire Co—No par
19% Jan
7
20% Mar
15%
Jan
20% July
500
Kimberly-Clark
31% Mar
4
35% Mar 14
25 ;
Jan
34
400
Kinney
6% July
58% July
*4%
59%
4%
59%
59%
58%
59
59%
60%
Kennecott
160
23%
23%
23%'
23%
23%
23%
1,900
30 %
Aug
19%
Copper.
113
Jan
19
102
Jan
113
'*
23%
*34
Jan
78
Jan
*4%
9
70
28%
34%
*7%
34 ' July
109% Aug
92% Sep
32% Mar 17
34%
9
16% July
Feb
99% Mar
4
23%
*7%
Jan
26
10
21
*58%
9
9%
14
Feb
4%
*7%
135
Jan
59%
9
Sep
Jun
30
23%
*8%
183%
18
'
112
34%
4%
July
16% May
16% May
No par
34%
4%
Jan
Dec
115
—No par
1,400
4%
63/4
6
V
par
100
___
Kendall Co $6 pt pfd A
23%
4%
44
Jan
14% Apr
'
preferred
non-cum
Class
1,600
11,000
59
4%
31
120% Mar
12
11% Jan 12
15% Feb 21
No par
No
ser
Kelsey Hayes Wh'l
115
20%
20%
34%
71% July,
'
20%
20%
34%
>
13
couv
Keith-Albee-Orpheum
21
203a
20%
34%
Dec
453/4
13
Stove & Furn
conv
Kayser
112%
20%
20%
Apr
July
Mar 22
10
'
31%
34%
138
39% Jan
No
City Southern
Kaufmann
10
•
30%
20%
36%
Jan
56 % Jan
A
City P & L pf
Kansas
500
15%
105
30%
34%
6% May.
13% Feb
~
30%
*34
.
4% May
35% Jan
Co
Kalamazoo
Kan
30%
*20%
4%
20%
Jun,
July
'
17%
*122
11%
177
100
pref series B
*17
Jan
Apr
Sep
1
5%
Mfg
743/4
13
4
Mar 13
1,000
17%
6
177
Jan
15% Jan
65
vtl
*17
162
Mar" 16
74%
Joy
56%
96
74%
*11%
31
23%
74
73%
11%
Jan
3
pref
74%
74
.
15
5%
11%
Jan
84% Feb
200
*73%
28
Mar
9%
144%
20% Jan
63%
11%
Jan
1%
1
Mar
9
Jan
5
No par
63%
74%
-8% July
38% July
Nov
Jan
Chicago RR stamped—100
Laughlln Steel
No par
&
Jones &
"
115
174
21
63,%
11%
Jan
107% Jan
63 %
74
165% Jan
1
64
11%
100
No par
7,500
74 %
Jan
par
Co
22%
*11%
Nov
6%
21%
50
preferred™
22%
*73%
9%
7
24
Apr
783/4 July
15% Apr
1
22%
64%
8% Mar
34% Jan
Jun
July
No par
22%
*63%
69% Mar
par
100
No
22%
*63
11% "Mar 15
3
28
Jan
29
No par
100
Johns Manville Corp
2,200
100
62
154% Feb
15
Jewel Tea Co Inc
r--
20
6
1
29
111
76% Jan
3
6
.No par
100
Dept Stores
Corp_
14%
-
168
2
preferred
$6
100 %
Apr
8% Mar
Island Creek Coal
*140 %
Nov
158%
8% Mar 17
100
16%
86%
7
3
Co
Telep & Teleg
Foreign share ctfs
163/a
44%
3
Jan
27
preferred
163'#
Nov
Feb
41% Jan
6% Jan
—1
Intern'l
16%
32%
99
162
6% Jan
25
Salt
14%
•
Feb
7% Jan
14
3
Jan
Silver
*16%
31%
—v./v
ill
*83
22%
.,
14%
28%
*109%
International
200
10%
31
^..5
International Shoe
1,000
71 % Feb
May
13
May
.19% July
6
106
Chem
preferred.
14%
31'a
•
14%
%
Mar
114% Mar 13
preferred
conv
10
88% Jan
158
100
*16.
'
16%
*153%
64%
21%
22%
28%
111
*110%
13%
♦140%
14%
14
14%
28%
111
5
124
13
37%
&
Paper
International
67
124
Min
Inter Rys of Cent Am
43
*42%
37
66
13%
28%
-170
37
*15%
*14%
43
72%
66
*16%
*140%
37
600
*63%
13%
13
13%
*42%
37%
9%
72%
73
5%
2,200
Jan
38% Feb
par
16% May
Jan
hiv*
27
preferred
International
,4
17% Mar 16
109% Jan
No
-Preferred
100
:
9%
65
37%
37%
66%
43
0'
__
14% Mar 22
4
par
No par
No par
International Mining Corp
Int Nickel of Canada
6,200
4
26
Hydro-Elec Sys class A
4%
Jan
Xl6% Jan
No
Harvester
International
67%
Jan
Feb
1
*67%
5%
8
8
18
100
Preferred
16%
.
48
1
Machines
68%
*131 %
25%
Business
67 %
5
Jan
20
Iron
16%
16%
683/4
173%
70%
71%
2%
2%
16%
*67 %
683/4
*5
173%
2%
2%
17
*67
70%
*170
174
71
173 %
71
*16%
*170
37
par
Intercont'l Rubber
7%
174
58% Feb
par
.
Corp
preferred
7%
*170
31% May
4
No
Inspiration Cons Copper
7%
173
Jan
Jan
Insuranshan»s Ctfs Inc
Interchemical
*7%
173
18%
46
No
700
•
15
17% Mar 22
39% Mar 22
100
200
31%
Jan
3
1000
preferred-
Inland
3,600
8%
*31
6%
27
25
3
No par
No par
Ingersoll-Rand—
400
10%
*8 %
31%
ctfs-series A
Industrial
Feb
10% Jan
25% Jan
100
Indianapolis Power. & Lt
30
24
100
4%—
400
74
73%
*31%
113
113
74%
20
:
•
loo
;
preferred series A
lines
26% Jan
;
Central RR Co
700
:
22% Mar <4
I>
RR See
240
1,700
39%
4%
11% July
16%
96%
9% Mar 22
29% Mar
*12%
162
21
10%
16%
96%
Feb
Jan
13%
*39
j
Nov
Jan
*16%
162
Mar 22
July
9% July
Jan
*13
39
10
57% July.
114
4%
Leased
96
Mar
22%
360
162
Jan
105
11
56%
39
44
4
10% Mar 16
56%
96
9
Mar
4
57
*160
64% Mar
112
8% Feb
56%
39%
17
No par
56%
96%
Jan
Jan
No par
*56%
162
25 ;
16
Hud Bay Minv& 8m Ltd
563/4
39%
par
44% Mar 16
Hudson Motor Car_^__
56%
*96
July
Jan
56%
*160
Sep..
-July
17
30 %
6 %
96%
45
Jan
35
Illinois
40
Jan
9%
21
t C—
v
Idaho Power Co
160%
36%
5
600
39%
42%
68%
3,300
*96
Jan
59% Aug
3% Jan
7,100
160%
31
11% Mar 23
26%
*
25
45% Jan
66% Jan
15%
97%
Apr
Aug
Jun
3
36%
165
17% July
17
117
115
3
15%
17
40% July
*
3
Apr:
<
Jan
Sep
7% Feb
30% Feb
35%
13%
117
12%
63
153/4
17
23
Jan'J 4
Jan
Jan
3
35%
13%
39
Feb
15% Mar ,' 6
21% May
25% July
3
15%
16%
-116
—
"
Aug
Jan
39% Jan
7
July
Jan
35%
13%
14%
71
118
Feb
15%
16%
22
Jan
Jan
:
54
35%
13%
21
Jun
108
15%
13%
21% Mar 14
Dec
87
136% Aug
._100
*35%
17
49
100
5
29%
3
15%
16%
66% Mar 18
Jan
20
35%
13%
Jan
Jan
Dec
117% Apr
2
-
73
128
12%
Jan
15%
16%
19% Feb
5
Mar 10
152
13% Jan
35%
13
Aug
25
42% Jan
16
/
172
21
par
36
26%
Apr
Jan
Jan
par
15%
26%
71
4
Howe Sound Co
5,200
110% July
Jan
10
Oil of Texas
'5,200
3% May
Jan
13% Jan
Houston
8%
Jan
81% Jan
3
1,400
9%
26%
63
114% Feb
12,100
25%
1%
56%
27% Feb
134
Oct
93%
3
25
163
4
No
*35%
26%
Mar 11
22% Mar 28
18
Light'& Power Co.—No
25
4
Sep
10% May
Dec
*
Feb
preferred—--.—-—'
Hudson
Jan
75% Feb
107%
No par
.
*113
4%
..5
Class B—
5%
3
106% Jan
6
Jan
Houston
*8
"
28
20%
-
80
65%
1%~
160
par
__10
Houdaille-Hershey cl A
65%
24%
10%
7% Mar 15
Mar 13
76
(Del)—
Household Finance
300
32%
1%
99
63% Jan
36% Mar
1,300
•
65%
*65
2% Jan
128
Homestake Mining—2
"
61%
9%
*8
6
No par
No par
•v
11,200
14%
*60%
24%
*31%
86
23
100
Holly Sugar: Corp—
7% preferred:™
300
,
44%
9%
*73%
109%
1
7% Feb
No par
cum
Hollander & 8ons (A)—:
10
42%
24%
8
300
1,300
•
*43%
7
9%
40
Jan
108% Apr
Holland Furnace
21%
24%
40
Jan
144% May
7% May
5
Hlnde & Dauch Paper Co__——10
Hires Co (C I) The
r
1
14%
9%
8%
200
38 y«'
24%
*96
18% July
Feb
3
100
—No
Motors—„
preferred
Hershey Chocolate
$4 conv preferred
67
*15
43%
*43%
62
15
62
42
preferred
non-cum
-6%
40
*116
44
65%
'
Jan
135
5% Jan
25
Hercules Powderi—.--
*37%
♦116
40%
40%
*43 %
44%
*160%
Jan
13%
Mar 13
6% Jan
—25
2,300
*14%
•
44
40%
41%
15%
*15
*116
117
117
116
56%
14
146
$ per share
99%
17% Mar 16
8
Highest
$ per share
11
104% Jan
—9
Glass, Co
80%
132
21%
14%
7%
,
117%
21%
21%
38%
14%
26%
13
Jan
Feb
1
W)_——
<G
Hercules
*20%
*36%
Helme
2,600
*116%
22
1518
'
15% Jan
138
108
,1
24%
*65%
68
117%
•21%
*8
12
Lowest
100
Hayes Mfg Corp___
Hazel-Atlas
300
—
79%
15
62
of Amer class A
preferred-—
360
71%
*131
38
*109%
Hat Corp
$ per share
105% Jan
100
Hayes Industries Inc
1,400
102
23%
80
15
15
preferred
.iSViVo
40
2%
102
23%
132
132
132
*65%
22
*43
(M A) Co $5 pfd
No pa*
Harbison-Walk Refrac—,—No par
100
Year 1943
Highest
& Per share
Par
'
Hanna
250
500
'
Range since January 1
Lowest
:
6%
7%
*162 *
•116%
68
116'/a
*20%
40%
Range for Previous
STOCK
EXCHANGE
1,600
7%
*70
72
23%
79%
79
133
»
■■■*■
107
2%
*162
23%
23%
78 '/a
116 '/a
*6%
YORK
NEW
Shares
16%
*7%
101%
102
*161
23%
23%
24
101%
101%
*1313i
*65'/a
for
150
107
2%
*68%
70
70
2%
2%
2%
2%
101%
23%
Sales
the Week
t
101 %
*70
S per share
106
*16%
16%
150
*147
150
$ per share
106
108%
*7
April 7
share
106
106
106%
*106
16%
16%
•148%
$ per
Friday
April 6
April 5
April i
106%
*106
16 %
150
Thursday
Tuesday
April 3
April 1
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Monday
Saturday
Monday, April 10, 1944
(G R)
Corp
No
Co
par
8
Feb
17
5% Mar 22
1%
Jan
54% Jan
28
63% Mar 22
34%
Jan
Feb
11
24"
18%
Jan
3
1
"
.
$5
prior preferred
Kresge (S S)
No par
Co:—
*7%
9
30%
30
30%
30%
30%
30%
30%
30%
31
Kress
34
34%
34
2,300
34%
34%
33%
34
33%
33%
2,000
12%
123/s
11%
12%
12%
11%
12%
71%
200
72
72
71%
71%
71%
71%
*70%
71%
180
6
24%
Sep
1
6% Jan
25
9% Mar
7
2%
Jan
10%
Apr
27% Jan
4
31% Mar
2
23%
Jan
32%
Sep
No par
Kroger Grocery & Bak
12%
Mar
Apr
July
No par
31% Jan
4
35% Mar 17
24%
Feb
32%
Nov
' Feb
U
13
Jan
9%
Jan
Jan-14
73
Mar 30
Kresge Dept Stores
(S H)
22
10
Apr
& Co
-
L
*12%
71
28 %
28%-
21%
*
21%
40 %
41
9%
23
*115%
9%
23
116%
28
28
*20%
*40
*12
;
.
5 %
21%
41
27%
28
28
28
28
700
Lambert Co
21
21
21%
21%
21%
21%
500
Lane
40%
40%
40%
40
40%
*40
9%
9%
9%
9%
9%
223/4
22%
22%
*22%
116%
*115%
116%
*115%
9%
23
:
700
Lee
100
(The)
Rubber & Tire—,
5
9%
9%
14,900
22%
22%
5,400
Lehigh Coal & Navigation Co-No par
Lehigh Portland Cement
25
4% conv preferred
100
116%
-115%
116%
6%
6%
6%
6%
6%
1%
1%
*1%
1%
6%
6%
2,600
1%
Lehigh Valley RR.
1%
1%
22%
1%
21%
1%
22%
1%
3,400
Lehigh Valley Coal
22%
23%
23%
24%
14,000
31
31%
30%
31%
4,000
*18%
19%
400
Lehn & Fink Prod Corp
6%
6 Vs
22%
23
3034
30%
301/4
30%
30
%
30%
19
19
19
19
18%
18%
*18%
*40%
40%
40%
40 3/4
44%
44%
441/8
44 %
7%
*4 1
7%
7%
42%
For
*41
footnotes
see
7%
43
page
*40
40%
*40%
44 %
44%
44%
7%
7%
7%
7%
42%
42%
42%
*41
1463.
19
62
No par
-No par
Bryant
22%
6%
11
100
preferred
27%
223/4
*115%
'
Laclede Gas Lt Co 8t Louis
—
6%
conv
Lehman
preferred
Corp
40%
40%
40%
300
44%
44%
2,300
Lerner Stores Corp_
Libbey Owens Ford Glass
7%
7%
6,800
Libby McNeill & Libby
42%
300
42
Life Savers Corp
.
73
Oct
6
17%
Jan
293/4
Jun
17% Jan;19
38% Jan** .3
21% Mar 13
113/4
Jan
19%
Jun
10
26%
Jan
8%
Dec
9
Dec
Jan
29
Jan
120
July
July
Jan
/3
22% Jan
6
8
113
Jan
7
41% Jan
10
Mar 13
24% Jan
31
2
107%
2%
Mar
3
1% Jan
29
15% Feb
4
1
29% Jan
4
24% Apr
6
32% Mar 20
5
18 % Jan
5
19% Feb
36% Feb
14
No par
1
7
42
8
39
20
7% Mar 21
117
4% Jan
par
16% May
Jan
29% Jan
50
No
<
35
27% Mar 29
No par
—50
(The)
45
17
1% Jan
41
5
25
3
6% Jan
3
7% Mar
Jan
8
43% Mar
11%
Jan
Oct
8% May
2% Jun
203/4
24
Jan
32
1434
Jan
22%
Jun
July
Jun
23%
Jan
38%
Dec
31
Jan
43%
Dec
9
5
Jan
8%
Jun
1
30
Jan
Mar 18
46% Mar 13
Jan
Jan
Jan
39%
41
July
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4271
1459
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Monday
Saturday
April 1
$
$ per
per share
*71
72
74
74
*74
179
179
179
71%
April 5
74%
71
71%
*179
180
,
$ per
71%
,
*74
74%
74%
,
I
179
$ per share
71%
■
STOCKS
.
72?;;
Sales lor
the Week
$ per, share
NEW
Range for Previous
YORK STOCK
1
,
EXCHANGE
75
t per share
Par
700
800
179
Range since January 1
Highest
.
70
Liggett & Myers Tobacco-
25
Series B—
68% Jan
25
Preferred
*26 %
*26%
27
39*4 ?39%
38%
39
*38 J/2 "39%
"
*38%
27%
*19%
*22%
17
20
22
23 J4
'• *16%
;
22%
39
39
39%
39%,
38%
38%
37%
38%
*37%
*26%
*26%
27%
22%
22%
22
22
22%
19%
23 -
16%
16%
16%
16%
16%
16%
■
20%
19%
20%
*19%
61%
61%
60%
61
61%
61%
43 V4
43%
43%
43%
43%
43%"
43 !4
43%
43%
1C%
*
61
10%
10%
10%
10%
10%
29%
29%
29
29
18
18%
18
18%
•
Refining
..No par
Liquid Carbonic Corp
Lockheed Aircraft Corp—
—1
1,600
Loew's Inc
.1,400
Lone Star Cement
1,300
.
61% 4
43% 4
Apr
28
38% Jan
37
Feb
*30
*29%
18 J/4
'
159
•'
-
18%
159
21%
*158
21%
159
158
10%
10%
29%
29%
18'4
18%
18 % .>
159
159%
10 %
158
21% ?"•/? 21%
21%;
10%?
29%
18
*29
18% Feb
21%
21%
60
■y.M
2
21%
Lorillard
—No
Biscuit
(P)
Co™
22"% Jan
;
89%
*26
26%
*88%
/
•
88%
88%
88%
88%
87
*25%
89
.2(1%
26%
26%
900
87%
253/4
4
.
,
May
May
July
21% July
21% Jun
243/g Mar 16
15%
Jan
18% Feb 24
12 %
Nov
Mar 17
42%
Jan
64% July
37%
Jan
51 Va
8% Jan
62
47% Feb
16
25% Mar
Jan
3
12
6%
Nov
Jan
3
31% Mar 16
18%
Jan
17% Feb
par
—25
14
18 3/4 Mar 17
16%
148%
Oct
Jan
163% July
153/4
Jan
'■.22% July
79
July
28
151
-100
Mar 21
Jan
5
12
69% Jan
3
253/4 Apr
,100
,
11% May
.
"
203/a Jan
—No par;
Louisville & Nashville
44
43
,
13
6
21-
160
Mar 22
22% Mar
7
90% Mar 17
31
Oct
21%
Jun
'
-
*88
28 3%
24
Jan
34% Jan
12% Jan
„■
July
28
58;
Mar
1
403/4 Feb 24
—_10
7% preferred—
Louisville Gas & El
1,100
71
73% Jun
182 Vz Aug
Dec
15% Jan
—No par
Loose-Wiles
Deo
62% Nov
171
1
15
43 Vb Mar 16
4Q
Jan 21
j per share
193/4 Jan
/
Corp—• —No par
Long Bell Lumber A.
400
2,400"
*158% "160
*21%
21%.
2,900
62
Highest
I
21.3/8 Mar 18
;
Jan
'
•
$ per share
76% Mar 18
179
26% Feb
par
.-No par
Co_____^ ..No par
2,100
.
,
—Wo par
Lion Oil
500
16%
i'V'*19%
'
.
600
—No
Lima Locomotive Wks_
Link Belt Co_—
1,800
"
Lowest
share
T3 % Mar 22
3
174% Jan
Lily Tulip Cup ,Corp_.
39 %
38%
61
16%
'61
27
38%
„
''
204.
20%
273/4
*26%
i,
39,
$ per
67% Jan
100
—
'
■};
Year 1043
Lowest
Shares
72 4,
179
180
Friday
April" 7
share
74%
74%
*179
/
Thursday
April 6
Wednesday
$ per share
share
*71%
•
'Tuesday
April 4
April 3
593/4 Jan
M
26
*136
26
.
*136
*136
*38%
38%
37%
■"".*31%
32%
31%
15%
v.." 15%
*15%
*
38%
31%
38%
38%
31%
31%
16
16
16%
16
16%
MacAndrews
300
'
/
*136
*136
373/4
25%
38%
38%
31%
153/4
16%
'2
&
Forbes
10
preferred—
1,100
100
Mack Trucks Inc
No
135
Feb
?
*15% Vl5%
29
July
138% Nov
28
Jan
37%. Jun
32% Feb
19 5/e
Jan
303/4 July
15% Dec
27% Jan
Madison Square
34
Magma Copper——1___,__„10
Mahoning CoaL RR Co__:
—50
No par
138
3
Jan
12
Jan
25
16% Mar 30
10
Jan
17
" Jan
5
15
Nov
370
Feb
15
315
Nov
83/s Jan
8
3%
Jan
Mar 24
6%
Jan
12
19 3^
"
*343
'
416%?
16% 4 -4, 16%
16%
*343
390
.*7%
7%
'
*18%
6%
4
15%
15%
.14%
14%
19%
*19
19%
'/■ ? .6%.
19%
5%
5%
37V4
26%
26%
20%
203/4
20%
.
*:i 174/:
*170
3
2%
100
Mandel
Bros—,,
193/4
200
'! 3
700
Manhattan Shirt—^
Maracaibo Oil Exploration
.?
12%
....
-
65/8
6%
14%
5%
20%
18,
Jan.21
5%
5%
373/4
203/a
20%
*170
54%
174
*54%
:?
:
Midland Corp
18% Feb
1
2% Jan
19
3
24.
2
5
27;
Martin
16% Jan
3
4% Jan
3
2,900
.
200
,
.
500
Martin-Parry porp——
No par
Masonite. Corp,
-—No par
Master Elec Co
1
7% preferred
;
May Department Stores—
37% Apr
26
3%
Jan
9
Jan
15
Marl6
9%
Jan
xl7
203/8 Mar 27
143/4
Dec
24
5
1
,
18%
63/i Feb
Jan
73/0
Jun
14
31% May
43% July
28% Jan
27
22
32
,
Apr
52
175
4
58
52% Feb
3%
24,
Apr
July
May
x4134 Feb
?
4-
Mar
170
—10
•
Sep
Apr
43/8 July
6% July
171/4 Mar 17
Mar 25
20 3/8
par
—100
,
Jan
9
Mar
8% Jun
"
—1
Mathieson Alkali Wks——No
1,800
2
•:
243/4 Mar
320
Jan
1%
6% Jan
6% Jan
(Glenn L) .Co,—,
14%
33/8 Mar 17,
20% Mar
12% Jan
500
55':-"'
55
25
.13
13% Jan
174 •.
*170
•/
10% Feb?14
?
5
37%
26% A 26.%.
20% :-20.%
55%
-No. par
Mar 28
4,200
6%
.
37%
.
27
7%
St Ry 6■% prior pfd—100
Marshall Field & Co
No par
'
54%
54%
54%
315
1
;
Market
'
55
*54%
15% Feb
2,400
2
;19% /19%'
373/4
Marine
730
•;• 15% • •
(14% *
20
7,200
6% ?
15%
143/8
*26
174
•/
Sugar Po_.
15%
5%
37%
*170
Manati
19%
"
26%
21%
1,000
i
6%
14 %
.37%
174
/
.
15%
153%
*26%
26%
v
73/8
14%
6VB
153/8
/, 14%
19%
V
•7%
2%
15%
20
390
*19%
7%
3
/•r; 5%
38
*25%
*20%
19 %
*2%
373/4
*37%
*170
12%
1 14%
19%
6 Vb "V
*5%
*12
15%
20
*343%
-
12%
,14%
:
390
(r? 7%
12%
73/8"
19%
6%
*343
16%
16%
.
"
3
6%
,
,r
:
390
*7% ?*
20
3
3
.3
6%
*12
*12
19%
19%
*343
,12%
13
*12
390./.,
7%
7%
.
r-
May
133
Macy (R H) Co Inc,———No pet
Garden,^
20% Jan
1
17
393/4 Mar 22
700
.,
,27% Feb
34% Jan 27
par
500
31%
31%
31%
15%
*16%
6%
5,200
38%
22% Jan
,
Jan
19% Nov
27
July
27% Mar
24
165
Jan
176
Mar 20
37
Jan
60
Jan
Aug
Sep
'
!
5%
5%
.
'5.%
*17
*111
23%
22a4
22%
29%
34%
108%
23%
22%
4?/? 17%?,
17%
*34
5% :%■•:.
.?:■
Maytag Co
———No
$3 preferred——
No
$6 1st cum preferred
No
McCall Corp
—___;
McCrory Stares Corp,
5% conv preferred w w_
:
900
34% (>••'*/
*34'
.
'
*111
29%
29
17%
*111
;
90
;
...
1 v? --;--':/
■'•"/It//' (17 y?*-v ■&? j?*;
*111
112%"'-/:,-:l_-
17%
112%
•■■"■'
23 :/
*22 5/s
23
>
losya
108%
108%
*17
112%
*111 •:? 112%
112%
*28%
?
17
17%?'4
4
•5^
5%
*53/8
.
,
343/4
108%
23%
23%
,
53/4
*33%
*107
108%
*107
108 %
5%
5%
'34%
*33%
34%
*33%
*107
"
■
/ 800
—
800
—
4% Mar
par
6
6% Mar 16
32% Mar 10
par
106% Mar
*
19% Jan
5
1
100
Jan
13
109% Feb
351/2 Jan
7
23
par
16
110
*15% ,16%
48
48
23%
*15%
16
;
233/8
99%
23 %
*98%
29%
22%
22 5/s
*98%
*15%
48%
99%
21
.
.'
48
•47%
47%
*28%
.29
'r1-'
-
'
4
99'4
<?■ 16
16
j"
29%
:
16
,
22%
-
?
113%
*113
*113 /;
22%
90
*89%
*113
98% ?•
113%
8%
93/8
9%
:_2 "'
270
-2 'v
400
Merch & Min Trans Co——No par
Mesta Machine Co
—.—5
6%
:???'2-:?'
600
Miami
80
80%
*78%
*32%
32%
32%
9%
9%
9%
9%
9%
9%
41
*28
30%
28%
*28
28%
6%
6%
6 V2
6%
25%
25%
25%
41
/
90
*88
41%
30%
*40%
*28
41%
*88
41%
'
29
*6%
25%
/'
6%
25%
30%
25%
>
123
253/4
; 255/8
31%
31%
120%
120%
%
463/4
46%
46
39%
39%
39%
107%
106%
106%
*106
107%:
*110%
112";:
110%
110%
*108%
112
39%
107%
;
112
38%
200
:
'
1,100
•
•
22% Aug
Jan
173/4 Sep
113% Oct
104
23
Jan
19%
30% Mar 22
16 3/4 Mar 21
/
Jan
24
100
9
29
Sep
16% May
Apr
8%
Jan
Jan
50%
14%
Jan
25%
Jun
~6% Jaii
25
Mar
Jan
38%
25
Feb
52
22% Jan: 14
98% Feb
;
?•
121%:
'39
107
.
//'/;/,' u
46%
'
60
2-/
2
8%
9
112% Feb
9
Steel
cum
1st
8
11%
Sep
9
„•
Jan
101
Feb
28
6
Jan
llS'A Aug
10 3/4 Apr
67%
Jan
89
Feb
Mar
6
60
Jan
78%
Sep
9
27
Feb
343/4 July
Jan
12% July
42
July
89% Mar 30
81
4
10% Jan
20
*
4%
37
Jan
4
25
Mar
1
31% Mar 25
23%
Sep
323/4 Mar
Jan
3
31
26
Jan
6% Jan
3
.27
42% Mar 24
24% Feb- 4
par
116% Jan
4
Apr
38%
105
4
31% Mar 16
124
Feb
29
553/4 Feb
4
Apr
6
27% Jan
;
13
46
Mar
7% Mar 18
27% Jan
Minn-Honeywell Regu new.-No par
4% conv pfd series B_„—100
4%% preferred series C__—-100
21
34% Mar
3
2
8% Jan
4
6% Jan
19
Jan
,
34%
Apr
53/4 Jan
93/8
Apr
18% Jan
30%
20 Vb
Jan
31%
106 Va
Jan
128
July
Apr
Sep
Jun
Mar 31
?
Mar 17
107
Feb
110
Mar 17
107
Nov
113%
Feb
8% Mar 22
3
Jan
8
Jun
109,
110% Apr
25
18
41
5
Mar 13
.
/ 20
4
Jan
—100
preferred
Feb
10% Feb
113
3
Jan
70
32;
ID/4 Mar 22
"
Jan
,
82
Minneapolis & St Louis Ry
1,000
/-
:
■
,
Products—No
V.
330
1,200
;
107
112
*108%;
*•
'
Feb
—10
Petroleum
Midland
700
10
—5
Copper,—,
Mid-Continent
4,000
;
__
*38
39
70
'?•',■'•;
253/4-;: •;
31%
/'/?,
31%
120%
/A'
3r/.' ;w/;
6%
*106
?
39%
39%
107
*110%
6 S/8
25%
,
47%
'
■
65/s
'31%
46
48
47%
48
*47%
28
2,200'
10
v
42 V"?
41%,.
*28%'
31
28
121
120
121%
120
/
31%
30%
30%
31%
*120
■
*28 %
;
■
'90
,
30%
28 Va
.
32;%.
8%
80
28%
*29%
*
1,000
80%
32%
9%
;./
par
Stores
28%
89%
32%
80
32%
8%
preferred .———No
McLellan
? 27%
113%
>
*8% ':? 9
80
*78%
*323s
??4.
*113
113%
89%
90
*89%
80
32%
■
$4
Oct
Sep
Jan
*
2
29
7% May
36^
110
11%
17% Mar 20
Mar 20
Oo-l—,
—1
6 % conv preferred
,100
Mead Corp
-———No par
$6 preferred series A
No par
/
$5.50 pfd ser B w W——NO. par
Melville Shoe Corp
1
Mengel Co (The),—,—.
1—1
5% conv 1st?preferred,
—50
8%
?
Feb
47
McKesson & Robblns Inc———18
200
•/.?;• _%/'.?
••
'
*32%
41
*113
14
5
Jan
12 3%
243/s Mar 27
109% Feb
Jan
*
'.
Xl03/e " 10:%/
10%
8%
g.
*78%
41
10%
-No par
Mclntyre Porcupine Mines
1,900
22:%(./'
?
98%
99
103/4
103/4
113%
*8%
9%
*8%
10%-
10%
Mar
2,700
■
"
*10% : 11
28
———1
McGraw-Hill Pub Co,
200
16.";
49%"-
49%
225/8
99
■'
16
.
49%
48%
•■
McGraw Elec Co
600
100
3
'
*283/i
;
2%
21% Feb
12
Jan
:
112
'
7%
7%
?:?(
103%. 103%
105
*103%
7%
7%
4
7%'
7%
103%
/?
103%
i
7%
7%
*103
7
7%
'• 104%
*103
104%
•
/
3,300
"
Minn Moline Power Impl—
21%
'
21 %
'20%
3%
20%
3%
3%
3%
203/4
203/s
22
21%-
21%
93% Jan
preferred-,——a—No par
Corp—
—10
400
$6.50
6,000
"■ft
Mission
5,700
Mo-Kan-Texas RR,
"
21%
v''/ 3%
—1
/
14%
r
?'/; 3%
.3%
13%
143/8
13%
13%
133/4
.32%'
32%
32 %
32%
*32%
773/4''
77%
77%
773/4
,'14%
•"
3 VA
33/8
13%v
14%
-?
3%-. • > •:
14%" 222"'-
323/4
78%
78'%
*113%
115%
*114 4
116
v
32,
32%
*100
—20
.—r-10
$4.50 preferred—No par
Preferred series B——No par
1%
14,900
5
2% Jan
3
/
3
:
*113%" 115%
'
78
*113%- 115%
78%
78
.
*113%
1153/4
*113%;- IIS'% t' 2 ; - '/"• 22"'
115% ■ ii5%("..2:';,„-
115%
1153,4
'
*114'" 116 H
115%
1153/4
;
■
.
110%
109%
109%
;
'109%
433/4
44%
110
1093/4
43.%
*37%
39%
*373/4
*
108 %
108%
/ 110
22'
i
Jan
? 4:.;17%
17%
17%
'
*19 3/4
*27% .28%
5%
5%:
82
23
'.
*76%
:
78
???
22%
*17
19%
19%
27%
27%
'5%
I* 5.3/4
'•
83
:,
*80
3
\r
"
*21%
22-
'
116%
*114
"T;.'
;
•
.75%
114
20
;47%: :i:47%
4
47%
82
*81
22%
*112
■
!
47%
10
*46
48
400
200
40
'
/
10'.? (r
48
1,300
100
114
?'
10
Motor Products, Corp—*—No par
Motor Wheel Corp:—,—,
5
50
>
22%
*112
114
*46
9% .1
* 82
-
Morris
2,200
(*75 '•'■ 77%-
77
:
?'
28
*22
*74%
75%
1
5%" "-5%
5 %' ■
*213/i
114
9%
9%
•:
V
*81
: V
"
9%
,
•'
■'
5,440
? i7%2:
•■:v 28
Morrell
2,100
19%- '•?19%*'
28%
53/4
5 %?•
17%
8,200
200
24%:-
23
193/8 "
*27%
?
/
23%
98
13%
25
15% Mar 21
*3%
.
Jan
%: Jan
?(.:•/
"222? T?
.
1,900
200
Jan
July
July
3% Mar
11% Apr
32% Mar 13
17%
81
Jan
18
75% Dec
112% Feb 29
117.
Jan
24
113
Dec
119
Mar
115
117% Jan
14
116%
Dec
121
Apr
110% Feb
'4
106% Nov
33% Jan
Jan
27
Jan
30 3/i Nov
92 Vs
Jun
"
$4 preferred series C—No par
Montgomery Ward & Co—No par
(John) & Co,—.——No par
130
?.
39%
175/8
19%
\
82 >
82
"?•'• '22
763/e
??/:( •'76%
-.
48
*47%
17%-
,
.10
.
233/8
1
"
9%
22%
28%
*27%
v-'.; 5% •
116%
*114
39%
'
82
*22
20 '
•19%
:
39 %"
•xir%
17%
.
20
44%
39%
23%:
"22%
23% •'/?
23%
44
39%
64%, Jan
22
.
21
110
44%
''44//.
44
J
.
29
763/i Feb
'
44% .144%
*37% '39%
8% Jan
Mohawk
Monsanto Cheqiical
■
,
*108 V
preferred series A
Carpet Mills—
Co—
800
600
/32?2.?'v1"%22^'v
'78%'2 ;/
22'"'
- -
-
4
,
'
'
32%
——No par
Apr 4 6
3% Mar 22
105% Mar 22
13-
17% Feb
'
%
&
—.,——50
Essen—.*
Co,;—.,*,-.——1—1
Mullins Mfg Co class B—
—1
$7 preferred———,—No par
Munsingwear Ihc———No par
Murphy Co (G.C),——No pat
?
43/4%' preferred—*—,,****—100
Murray Corp of America.
—10
Myers (F E) & Bro
No par
Mueller
Brass
107% Jan
5
42% Feb
15
39% Apr / 5
31%
Jan
114% Au«
50
July
39% Oct
26 3/# Feb
13
Jan
27% Jun
47% Mar 15
; *
35% Jari 11
21% Jan
4
1
15% Jan
163/4 Jan<
3
18% Mar 16
9% Jan
7
20 5/b Mar 22
11% Jan
18%
26 3/4 Jan
4
29
18
21% Jan
31
Mar
6% Mar 22
2% Jan
7
Jun
Jan
77
Jun
Jan
23%
Apr
July
79%
4% Jan72
Jan
4."
3
.
84
Jan
,
Mar
8
63
20% Jan' 17
23% Mar 27
15 "
70% Feb
76% Mar 22
62
lO-
rn 3/4 Jan
1163/4 Feb
3
24
8% Jan
3
10% Mar 13
43% Jan
5
48
8
Mar
;
111
5%
Jan
34% Jan
17
Jun
Apr
Jun
Sep
117
Aug
113/4 July
44 4 Feb
rj
N
6
.
r <41 «•
*35
16%
11%
11 Va
11%
*11%,
113/4
?; 11%
'18%
1534
10%
.21%
172
21
*168%
18%
*18
.
*18
14% ■14%
16 //■'•
11%
11
34
*15%
*168%
18%
.11%
*18%
15%
16%
16%
27%
28
27%
28
14 Vb
14%
14.%
14%
14%
27
12
12%
12%
12%
12%
12%
12%
12%
21
21
20%
21%
20%
21
21
21
15
15%
*143/4
15%
15
15
15
15
12%
*11%
12%
11%
11%
:
National
800
Nat Automotive Fibres Inc,,
1
1
300
1,000
preferred——*——10
National Aviation Corp,—_——5
5,700
-1/1'/"
.V -TV-
?•?■??•?■,_;
18%
"
V-
National Biscuit Co.
7%
163/4?;.-;''.v
1,400
1,800
%
12%; ■■"./"./?
12%
..
6,500
_/
6,300
'
*11%
33%
33
333/4
29
33%
*28%
28%"
28%
9%..
934
9%
9%
89%
89%
21%
'21%
21%
.
170
170
*168
18%
18
"
*:
18
21%
?; 170
*146%
148
*146
90%
90
;
:/■•
33
33%
28
;
•/
28
9%
*90
21%
*169
148
*146%
18%
*11%
173/4
x
5,600
28%
400
■?'?•_•
90%':?/
21%
?
173/4/:
...
149
17 %
3,200
160
3,700
21%
172%
*146%
148
17 %
100
••■■'/
33%
172
172
*146%
■;'.-
17%
■-
28%
90%
21%
172
12
1,100
93/4 •: 9%
90%
21%
21%
172
15
333/8
?
.
93/4
90
90%
148
28%,
95/s
/'•;?:. ■•
213/a /
•
*113/4
'
33%
*28%
20%
15
12
33%
■
93/4
".,f
70
/.
•
.
■//,./
-17%
3,700
'
6
."? 29
29%
*29
%
603/4
61
*60%
14% '•""
14
28%
28%
85
85%
.
13%
13%
283/4
28%
84%
84%
*89
90%
;
6%
6%
*9%
9%
9%
*25%
*25%
*108%
109
28%
*28%
6%
63/b
6%
61
61%
61%
13%
14,
13%;;..:,
28%? 7
*28%
85 V4."?;
84%
84%
*89%
6%
9%
15%
*25%
102
61
*108%
28%
63/a
13%
*28
9%
61
60%
60%
29
61
15%
26
*92
102
*98
63/4
15%
15%
26
6%
60%
.
6%
15%
29
6 3/8
61
.
91
*89
29
6%
6%
*98
60%
109
109
90%';
,
*28%
84
84%
*89
90%
TV,, " ■ (■ ' 7%
9%
9%,.
7%
10%
'
,
7%
9%
300
'•
3,700
6%
1,500
61A4
13%
...
2'$%:
*89
29%';
2,600
13%
•
28%
84'
'
700
,
•
_.
400
23,100
7%
15%
15%
15%
153%
26
26
26
26
*98
102
*98
61
*58
61
60%
109
„
'
.
1,400
Nehi
200
Neisner Bros Inc————-—
300
•
Newberry Co (J J) ———No par
5% preferred series A
100
Newmont Mining Corp——
10
Newport Industries
1
Newport News Ship & Dry Dock—1
$5 conv preferredNo par
4%%
40
*109%
*109%
I
2,100
28%
27%
27%
27%
27% '
27%
28%
29
29%
18
18 VA
173/4
173/4
17%
18
18%
18%
18%
18%
5,700
14%
143/a
14%
14%
14%
14%
14%
143/8
14%
14%
1,300
*27%
*100%
101%
For
*100%
footnotes
see
101%
page
1463.
*100%
101%
*101
101%
*101
101%
Co———T—No par
Co—————No par
Corp
—No par
National Tea
conv
serial preferred—100
Feb
3
16% Mar 21
8
103/a Mar 22
5% Jan
Apr
11% July
Mar 21
8% Feb
12% Jttay
12
10% Jan 31
Mar 22
•11% Feb
17
9% Jan
4
203/4 Jan
3
22
Jan
18
1
170
Jan
29
Feb
17
20
Feb
8% Jan.
3
18
prior preferred,——100
prior preferred——,—100
1%
15% Jun
13% Jan
9'
Jan
,100
5%%
Jan
37
Corp,—No par
Corp——25
National Supply (The) Pa—
10
$2 conv preferred—.——.-40
6%
13% Mar 13
5
& Share
National Steel
% Nov
10
3
"Jan
preferred—
Natomas
102
*58
102
.
% Jan
& Mar 30
11% Feb
28
165
9,800
10 VB
15%
26
10
—*,.
;—-—,-10
Nat Cash Register—
No par
National Container—;—>——l
National Cylinder Gas Co..——1
Nat Dairy Products,
*—No par
National Dept Stores,——No par
6% preferred,—
10
Nat Distillers Products—,-No par
Nat Enam & StamDing*——No par
National Gypsum Co.:
1
$4.50 conv preferred,,,.—No par
1
.-10
National Lead Co.
1% preferred A
——,—100
6% preferred B__———-—100
Nat Mall & SvT Cast Co—-No par
National Oil Products Co.
—4
National Power & Lt
---No par
6%
91
conv
National Can Corp.
30,600
14%/'
'
14%
Chatt &
Acme Co
Nat Bond
100
'?'?'
■:
•
27%"'-" '
:•
6%
•"?
172 '■?
*168%
18%
^^100
300
.
9%
21%
16
St. Louis
Nashville
40
113/4
21
213/s
172 '
16
27%
12,800
-
16%
-
?/ 11%
113/s
21
.
.
,
11%
/.
21%
172
•'
??// (? : 9%'
11%
*11%
10
18%
16%
27%
28%
.
15%
14%:
16%
*27%
11
11
34 /
34%
16
?'/
123/4
Nabco Liquidating Co
,*No par
Nash-Kelvinator Corp——
5
300
,
'
*9%
11%
21«
12%
34%
,ii-:
934
*168%
172
*18
16
.■(.%'
;
VB
.?
12 3/8
12%
35
9%
21%
*168%
16
12%
9%
'
21 Va
*34%
16
%.:?"
?.'-/■ 93/v
/;
*11%
!>
11;
.
12 %
35
*15%
;
10% ??-
10
>'■
12/4
35
36
*15%
"
,
12
12%
12%
.
t>
% //
1,;
i
.
27
Mar
Apr
12% Jan
xll% Feb
.
3
16% Mar 27
293/4 Feb
6
17
3
15% Mar 16
23% Jan
40%
13
193,4
Dec
8%
Jan
.> 153/4. Jan
162
Jan
16% Nw
5%
18%
Sep.
21% Jun
10% Sep
Jan
29%
103/4 Nov
9% Jan
3
12% Apr
6
21% Mar 28
13% Jan
29
16% Mar 23
6% Jan
IP/4 Jan
5
12
Mar 15
9% Mar
30% Feb
3
35
Mar 13
29
Mar 22
Jan
25
9 > Feb
5
26
»
87% Jan 11
19
Jan
7
.
10% Mar 15
92% Jan
22% Mar 27
164
Feb
25
172% Apr
141
Jan
18
146
6
Mar 29
21 % Mar
xlT% Apr
24
8
14%
x25%
176
Jar
,
19 % Jan
11
Apr
Jan
Jan
Dec
13% Aug
143/4 May
21% July
153/«
Sep
12
Dec
36
Dec
29%
Sep
Jan
11%
Jun
70%
Jan
90% Nov
17% Jan
6
14
Jan
160
Jan
178% July
137
Jan
150
Jun
14%
Jan
22
May
27
Nov
36
Jan
20% Dec
28% Apr
53/4 Feb
31% Feb
57% Feb
61% Mar 23
113/4 Feb
15% Mar 16
5%
Jan
64% July
15% May
25% Feb
30% Mar 16
14%
Jan
28%
Jun
79% Feb
87
Mar 23
57
Jan
80%
Jun
83% Jan
92
Mar
62
Jan
88
Jun
7
Mar 13
7% Apr
10% Jan
5 Vb Jan
9
Mar
25
9
5
14
13% Jan
17% Mar 16
Jan
273/4 Mar 22
22
2% Jan
52
Jan
7%
7% May
2 3/4
Jan
6
Jan
9ya
Jan
19% July
Jan
25%
Oct
Nov
16
10 Va
96% Jan
12
100
Feb 21
743/8 Jan
98 %
Jan
4
61
Apr
3
37
Jan
573/4
Mar 17
110
Jan
22
56
105
106% Mar
30% Jan
8
26%
16% Jan
12
18 3/i Apr
3
15% Feb
6
2
10% Jan
13% Jan
Jan
5
102% Mar 10
943% Nov
27% Mar 31
97
Jun
12
Jan
Dec
114
37%
19%
Apr
Sep
Aug
Apr
Oct
21% Mar
102
May
THE
1460
Monday, April 10, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
RECORf
NEW YORK STOCK
Range for Previous
Year 1943
stocks
low
Saturday
April 1
S
April 3
per
share
April 6
38%
37%
18%
18%
18%
18%
18%
18 Va
18%
19
26%
26'/a
25'/a
27
74%
75%
25%
18%
23%
26%
25%
26%
75%
75%
74
75%
74
74%
26%
26
26
26
26
*26%
37
74%
3.500
25%
2,500
*13
13%
*11%
13%
*33%
36%
*33%
36%
148%
148%
148%
148%
148%
61%
61%
us
%
146 %
*
61
62
*61%
62
62
62
61%
74
*25%
13%
*%
%
%
%
%
%
17%
17%
17%
*17%
17%
17%
17%
37'A
37
37
*36%
37%
*36%
*36%
%
•163
*121
122
17%
*121%
121%
*121%
122
*121%
17%
16%
17
16%
53%
53 %
*53
54
53
53
52%
52%
*52
53%
52%
52%
52%
52%
8%
8%
8%
8%
8%
8%
16%
15%
122
53%
53%
500
52%
52%
1,000
8%
8%
2,300
101%
101%
15%
16
113%
113%
113%
113%
113%
113%
113%
18%
19%
19%
19%
19%
19%
19%
19%
19
rl%
1%
*40%
40%
40%
40%
5%
5%
*5%
5%
1%
1%
1%
1%
1%
40%
40%
40%
*40%
40%
*40%
5%
5%
5%
5%
5%
*5%
45%
*43%
*113
1%
*44
*
45
14
13%
19%
*13%
"43%
18%
19%
187/a
19%
49%
49%
1,100
Norwich Pharraacal Co
19
19%
8,800
Ohio 011 Co
49
49
14
19%
19%
19%
50
48 %
48 %
48%
48%
9%
9%
9%
10
10
9%
9V8
2,600
9%
*100
101
101 %
101%
40
*43%
9%
9%
152%
*150
101%
12
12%
19%
*12
19%
19%
19%
101
101
12%
19%
*100
12%
101%
*12%
*101
19%
34%
*33%
34%
*g5
66%
*65
66%
*65
57%
12%
12%
19%
149%
149'A
*33%
68
*65
68
58
57
Co
Outlet
34
13
Jan
32%
63 %
Jan
132
Dec
28 Va
Jan
54
Dec
A
Jan
1% Mar
12%
Nov
26% May
23
Jan
64
Dec
July
38
162%
Jan
192% July
Jan
122
Nov
9%
Jan
18% July
49%
Jan
56 V»
Jun
481
Jan
56
Jun
8
Nov
14%
+
Apr
Dec
101
17% Mar 21
7%
Jan
18% May
Jan
116% July
107
114% Mar 27
24% Mar 16
15 Va
40%
5%
45'/a
16
Mar
Mar
Feb
Jan
Jan
■
23
13
28
27
6
July
45
Apr
Oct
Jan
14'A
Jan
21 Va July
3%
10% Feb
5
10
Jan
Jan
69
Jan
3 V2
13% Mar 22
15%
20% Mar 17
Jan
50% July
Dec
10 Va
Dec
105
10%
Jun
21%
Jun
Jan
154
Sep
11
28%
Jan
38
Apr
Jan
24
46
Jan
67%
59% Jan
18
54%
Jan
64
37% Jan
4
65
8
29
142
Mar 30
153
28
Jan
41% Aug
Jan
Jan
8%
105% Jan
9
,
x3%
31
3
18
23% July
Jan
36
2% Mar 27
55% Feb
12.50
Dec
,
113
14
Jan
May
Jan
29%! Jan
Jan
26
6%
11%
8% Jan
74% July
16%
52% Mar 16
18% Feb
May
26% July
.
14%* Jan
20% Mar 22
Feb
20
31%, Jan
8
148
No par
Co
Jan
8
5
^
Glass
Owens-Illinois
1,700
57 Va
Jan
11
Feb
100
Outboard Marine & Mfg
Jan
10%
Jan
3
1
3
9% Jan
No par
—No par
preferred
6%
27%
44 V* May
91%
Feb
Jan
Jan 12
Apr
6
100
$ per share
share
per
17% Feb
100
Otis Elevator
34%
57%
45-
preferred a
conv
Oppenheim Collins
30
*65
12%
8%
1,800
150
(The)
Omnibus Corp
400
19%
34%
57%
12%
12
*33%
'
57%
56%
57%
149 %
66%
*33%
34
*33%
57%
19%
152%
*150
152 Va
*150
12%
19%
*12
-
Equipment
Farm
Oliver
700
37%
4%
40%
13
No par
No par
6
Preferred
Highest
Lowest
share
101% Mar 30
112
Jan 31
17% Jan 15
50
No par
50
—2.50
Telegraph-.
Norwalk Tire & Rubber
13
14% Jan 3
33% Jan 4
183% Jan
3
120
Jan 5
15% Jan 10
52
Jan 26
51% Jan 27
8% Jan
4
100
Jan
4
xl3% Jan 3
1% Apr
—
—
Northwestern
50
400
14
.
Rights
45
13
13%
13%
13%
50
13,600
25,600
2%
*43%
45
*43 %
45
1%*
10
preferred series
50
5%% preferred series
50
North American Aviation
1
Northern Central Ry Co
50
Northern Pacific Ry
100 ^
Northern States Pow $5 pfd_No par
Northwest Air Lines
No par
20
113%
20%
16'A
*113
100
pfd
3
Jan
per
40
Mar 13
20% Mar 22
28% Mar 22
78% Mar 23
28% Mar 14
15
Mar 15
39
Mar 15
150
Feb 10
63% Feb 16
% Jan 10
19% Mar 11
38% Mar 13
199% Feb 17
122
Feb 2
18% Mar 15
54% Feb 21
53% Mar 22
9% Feb 24
4
3
4
3
3
27
22
19
% Mar 11
100
1
Jan
52
6%
9,900
15%
Shipbldg Corp part stk
Adjust 4% non-cum
North American Co
10,600
'
y
Noblitt-Sparks Industries
& Western Ry
Norfolk
160
15%
10'
n
100
17%
8%
15%
15%
700
122
16%
17%
102
*101
102
*101
102
*101
102
*101
8%
17%
37
Feb
Jan
Jan
11% Jan
30% Jan
129
Jan
100
1
5
in y Ontario & Western
~1,000
193
193
54
17%
*53%
%
Co
Lack & West Ry
y
n
790
63%
*36%
16%
*121
17%
70
143%;,'
Harlem rr Co
n y &
$
share
24% Jan
No par
No par
No par
—m
__100
preferred
$5 non-cum
100
35%
17%
37%
194
193
194
193
133%
193%
194
35%
100
100
Co
6% preferred series a
n y City Omnibus Corp
New York Dock
y Chic & 8t. Louis
n
25%
13%
146%
149
149
26%
34
•
*33%
25%
*12%
13%
York
New
3.400
36%
15%
19%
62
No par
No par
Brake
Central
New York Air
600
29,700
*12
$ per
Par
Shares
18%
*33%
*12%
April 7
38
38
38%
38
37%
37%
38%
*37%
.
Lowest
exchange
the Week
S per share
$ per share
;$ per share
share
Range since January 1
Highest
york stock
new
for
Sales
Friday
Thursday
April 5
April 4
$ per
S ver
,
and high sale prices
Wednesday
Tuesday
Monday
Oct
July
P
*12
*12%
13
*11%
11%
*43%
46
*22
22%
*12%
18
22
21%
15
*12%
32%
42%
42%
30%
30%
21%
30%
*117%
118%
156%
5%
*14
14%
14
4
4va
4
4
30
30%
2,600
118%
118%
10
Pacific
155%
156%
100
30%
10%
9%
9%
*9%
110'A
*109%
110%
110%
3v4
*3%
48%
*
105
*105
*105
10%
-
3%
1,900
48'A
25%
25 Vb
25%
25%
83%
80 %
82 %
81%
83%
1%
1%
1%
1%
1%
i%
23%
28%
28%
28%
28%
28%
28%
20
19%
19%
*19%
25 V8
82
*19%
*19%
20
6%
6%
6%
6%
6%
6%
20%
xl8%
19%
*18%
19%
55
*53%
56
98
98
*53
56
*53%
55
Parke
2,100
18Vb
Consolidated
& Co
Davis
200
Penick
(j c)
98%
96%
97%
97
97
97
97
1.400
*97%
Penney
14%
14%
14%
14%
14%
14%
14%
1,200
Penn-Central
14%
12%
12%
12%
12%
12%
13%
13'A
13%
13%
*2%
2%
2%
2%
*2%
2%
*2%
2%
2%
39%
39%
15%
15%
40
*39%
40
15%
15%
*18
*15
*15%
29%
29%
29%
29%
29%
29%
29 %
.24%
24%
*24%
25
*24%
25
*
61
*60
61
61%
*59
59 %
*24%
59
25
60
7%
7%
*7
7%
7%
7%
49%
50%
49
49%
49%
49%
49%
50%
49 Vb
50%
5,500
*13%
14%
14
14
14%
14%
14%
14%
14
14
66%
66 %
65%
66%
66
66
65%
65%
*44%
45%
43%
44%
*43%
44%
*25%
26
26
26
42%
26%
8%
8%
8%
8
8%
9
8%
45
*25%
*25%
*8%
8%
*8%
*7
8
*7
8
8%
8%
8%
8%
42%
*42%
21%
42%
42%
42%
43%
21%
21%
21%
21%
21%
*50%
51%
50%
51
50%
51%
*50%
*96 %
97%
97
97
97
97
96
20 Va
20 Vb
19%
24%
21
29%
*110
119%
*110
...
24%
24%
24%
24%
24%
24%
20
20
19%
20
119%
*110
*110
119%
28%
29%
28%
29%
29%
29
86%
85%
86%
85%
*105%
107%
*105%
107 %
*108%
111
*108%
111
*108%
85%
85%
107%
111
*99%
45%
46
45%
*9
10%
*9
20%
20
20%
1,800 ji^Phila Electric Co.
24%
|,700
24%
119%
*110
29'/a
29%
1,500
29%
2,000
86 Va
86%
86%
107
*107
111
"108%
40
109
111
*12
13
*12
*100
104
*102
"
9
*24
135
*102
44%
10
*8%
*102
135
4,300
9
24%
24%
24%
24%
24 Va
*102
135
100
700
69%
*68
68 VB
7%
7%
76
75
*75
*12%
7%
13
*169
175
192
5%
8%
*7%
12%
175
*169
175
*183%
189
*183%
189
*183%
5%
7%
~
98
*92
55%
54%
59 %
**"%
15%
16
*15%
15%
*15%
5%
13%
13%
13%
13%
*101%
101%
101%
101%
in %
76%
76%
18
18 %
*20
21'A
r%
56%
77
59
10
"9%
9%
12 Va
12%
12%
12%
12
12%
*i2
12%
38
*36%
38%
54%
54%
54%
*12
12%
*12
*38
38%
38
*54%
54 V8
54%
118
*117
14%
14%
10,7%
92%
92%
I.14 %
105
107%
108%
108%
109
116%
118%
117%
118%
*115%
117'A
117%
1.17 %
40%
For
41%
footnotes
40%
see
41'A
page
1463.
40%
92%
41
380
*75
18Va
12%
.
21
*12%
12%
*12
38
14
108
109
118%
118'A
*116%
117%
42
37%
54%
—
__
*
'
1,300
—
1,100
,,
,
200
30
8,500
14
No par
1
10
93% Feb
99% Mar 16
80
Jan
16% Mar 13
13
Nov
par
5
No par
1
No
com
108%
108%
410
118%
118%
540
117%
60
41%
„
41%
,
.
6.900
13 %
Jan
10
108 %
Jun
Mar 21
23%
Jan
32 Va
25% Jan
24% Mar 22
17%
Feb
24%
9
46%
Jan
61% July
23
1%
Feb
53% Mar 16
30
3
21% Jan
15
63
3
28 Va
Jan
3
15% Mar 21
5V8
Jan
16 Va May
54% Jan
4
69
Mar 24
34'/a
Feb
58% May
33% Jan
5
46% Mar 24
19
Jan
41% May
26% Jan
8
23
Feb
26 % May
9% Jan
12
b%
Jan
lOVa July
9% Mar 13
5Vs
Jan
23% Mar
6
7% Feb
29
7% Jan
3
Feb
9
14
22% Mar 16
20
Nov
42
49% Jan
37
Jan
97% Mar 17
68%
Jan
par
xl9% Mar
2
21% Jan
3
18%
Aug
25% Feb
16
24 Va
Oct
25%
Sep
5
31'
28
13%
Jan
26%
jun
Jan
3
Jan
28
24% Jan
3
Feb
25
24
!00
3
10
118
100
106
100
No par
100
No par
5
25
100
100
82
110
Gamble
Jun
14
13
Jan
Feb
14
July
19
1Q4
Jan
79%
Jan
100
July
43% Feb
7
'47
Jan
42%
Nov
50
Jan
10%
Jan
26
May
Jan
102
Jan
7%
Apr
4
11 Va Jan
3%
23% Feb
23
25'/b Feb
18%
5
Jan
27
7
Feb
21
61
Jan
13
75
Feb
21
9
102
7% Jan
4
25
11% Jan
4
164% Jan
25
183
Apr
3
-
3%
Feb
34%
Jan
83
Jan
10
73
-Feb
29
7% May
Dec
Mar
5
Jan
9
Mar 28
59
Jan
77%
Jun
15% May
9Va
Feb
4
168%
Nov
168 %
Nov
8
170
Jan
182
Aug
5% Mar 24
14% Mar 13
171
Mar
183% Feb
6%
Jun
4
Jan
9% Jan
10
4%
Jan
10% May
Jan
10
59%
Jan
90
61% Jan
10
24
Jan
52% May
Jan
10
56
64
17% Mar 21
Dec
14% Mar 22
7%
Jan
150%
25
Dec
68%
8% Mar 24
76
Apr
Jan
1%
75
July
Mar
16% Mar
168
Nov
Jan
10%
Jan
92
Dec
Dec
Dec
101% Apr
3
29
Feb
15
20
Jan
74%
Jan
21% July
79
of Feb 1 *29)
7%
8%
preferred
pfd $5
17% Feb
3
19
Jan
5
14 %
19% Jan
15
22
Mar
4
18
Jan
2 3'A
Apr
Jan
12
4
Jan
13
Jun
11% Jan
12
Va Mar 16
13% Mar 16
6%
Jan
13% May
Jan
11
13 Va Mar 16
6%
Jan
13
Jun
35% Jan
10
43
Mar 16
24%
Jan
40%
Jun
Jan
15
48%
Jan
58
123
9
12
11
Sep
No par
;
preferred-—
preferred—
Inc
Jun
July
5
50
preferred
2d preferred
Pub Serv 'Corp of n j
Pullman
117%
1
.
Pressed Steel Car Co Inc
Pub Ser el & Gas
113
Jan
5
Pocahontas
Co class b_
iser
90'A
Nov
109%
No par
No par
Plymouth Oil Co
pfd
Sep
Dec
Jan
8% Jan
&
22
104%
5
114% Jan
Mar 27
Feb
71
x51%
/ 91% Sep
11% Feb
x98
1
Procter
Mar 15
86% Mar 25
68% Feb
100
100
Jan
109 % Jan
Mar 28
■
118
100
Young aj Ash Ry 7% pfd—100
1st
Jun
29% Mar
52% Mar 17
6
conv
8'A
17
5
4
conv
59% July
3
21
5%
Sep
88% Jan
11% Jan
Creek
•7%
49% Jan
58 Vb Feb
&
Sep
10 % Jan
48% Jan
preferred
Apr
48% Feb
8% Feb
99
b
Dec
6
3
preferred
17% Mar
113
4
82 V8 Jan
a
Jun
Jan
No par
1
10q
(The)
Mar
45
5% Jan
55
No par
100
100
pfd
100
6%
*116%
—
26
Jan
3
$5 preferred
104V2
18% Jan
11
Class
5%
Jan
7% Feb
Class
Poor
Jan
33%
4% Jan
Co.
Oct
3% Mar
1%
15
25
50
100
pr
9%
24
No par
1st ser conv
Sep
20 'A July
par
100
preferred class b
preferred class a
May
100 Va
Jan
112
110% Mar 17
No par
Chic Ry
Jan
6% May
20% Feb
No par
com
3%
6
41
Mar 17
16
Apr
2% Jan
2 % Jan
37% Feb
Co
Inc
14
9% Jan
100
50
5
100
100
1
100
_100
Forgings Co..
390
92%
104 Vb
13% Jan
No par
Iron Corp
840
92%
.
60% Mar
preferred
5%
I-
„'
118
14
92%
104%
400
—
12%
.
*117%
104%
40%
12%
54%
Va
Dec
Pittsburgh & West Va
Pond
„
9%
37%
118
1,000
.18 Va
9%
54%
190
76%
*20%
21
51%
preferred.
Pittston
19 Va May
24
preferred
5%%
Jan
16
Jan
7% Mar
4% Jan
No par
Pittsburgh Steel Co
5%
Mar 28
Apr
May
58
Pitts Screw & Bolt
7%
20
Dec
2%
32
54% Jan
Pittsburgh Coal of Pa
7%
Jan
par
Plllsbury Flour Mills
Pitts
102%
92%
.
400
*101%
12%
14
14 Va
104%
92
118%
117%
14
80
102%
9%
*117%
118
103%
107%
117%
118
14%
14'/a
-
104%
*117%
118
118
93%
92 VB
104
55
1,170
2,800
*36%
12
-
I_
12%
9%
.
_
__
*12
9%
400
__
12%
18%
*20'A
21
...
.
15%
*168
13
18
21
50
2,100
Jan
27 Va
29
Hosiery
Pittsburgh
1 Va
3
Jan
Phillips Petroleum
&
Jan
28
Jan
Nov
""Phillips Jones Corp
7% preferred
$5 conv
17%
1% Jan
31
Mar 29
1%
Corp
Pitts Coke
Dec
16%
Phitfp Morris & Co Ltd
w;t/ipreferred 4%% series
"rfa^
Preferred 4%% series™!
6%
45'A
3
l(i
Pncenix
Jan
100
15
preferred
Pitts Ft Wayne &
13%
76
*9%
7%
15%
16
76
*20%
*9%
200
61%
*101%
,
60
_
58
59
13
101 %
*♦
57
*15%
13%
18%
98
*168
*13%
77
7%
*91%
55
15%
700
—
5%
8
*57%
59
—
189
98
*7%
55%
.
175
5%
*93
7%
98
*r 8
*168
5%
^preference
1^hilcb
35%
8
25
20% Feb
'
*169
59 %
18%
68
*169
55%
78
12%
75
*12%
5%
900
74%
12%
*74%
60
*75
74%
100
—
7%
12%
55%
*168
7%
75
8
*90
98
66%
7^4
12%
*59%
55
67%
7%
7%
5%
5%
*7%
*66%
68
"
*
5%
181%
183
5%
*5%
5%
175
*169
*183%
5%
.
75
76
13%
*12%
*90
*67
68'/a
7Vb
7VB
5%
ikl/i
$1
rial 4
Jan
106
18% Jan
Pitts c c & St Louis Ry Co„
135
'
*5%
5%
*5%
5%
*5%
:
30
45
*9
9
45 Va
'
100
12 Va
104
44%
45%
44%
24
*102
135
*102
120 .'■> *'
'
49% Mar
July
4
18% Feb
Phelps-Dodge Corp
Philadelphia Co 6% preferred
!'•. $6r preferred
No
160
24%
3
Oct
113 % July
2.50
No par
10
Corp
Ry
& Co
96
119%
Jan
72%
Brewing Co
51
12
10%
23%
*108%
1
Jan
2
86% Mar 28
No par
96
*50%
51
102
46
24%
1,700
21%
21%
21%
105%
3% Mar 25
18
Corp of America
(Chas)
Pfizer
17
Jan
112
1% Mar 27
28
100
96%
n
102
*24
107
42%
600
8
57% Jan
Co
Pfelffer
1,900
18
1
Mines—1
Dreferred
Petroleum
11%
July
prior preferred
8%
42%
42%
12
102
*99
8%
102
12%
*12
13
*12
8%
Eastern
5%
Pet Milk
43 % July
Jan
July
No
5%
700
Jan
7%
30
Corp
900
8 Va
8 Vb
*
*105'/a
*86
%
8
23%
106
Cement
1,000
26
*25%
26
Co
Airlines
44%
44%
45
Apr
5
8
10% Mar 17
Jan
Enterprises
66%
*65%
Jan
2%
4% Mar 17
33% Mar
Jan
Pepsi-Cola Co—
Pere Marquette Ry Co
700
17% July
15%
Peoria
&
Jan
27% Mar 16
400
500
Jan
9
6
58%
58%
3'/a
21
Mar 23
27
25
*24%
Oct
5% Feb
15
6% May
23% Jan
100
7,400
Sep
160
1
preferred
Pennsylvania rr
Peoples Drug Stores Inc
Peoples g l & Coke (Chic)
29%
119%
Dec
147
10
5%
29%
29%
Jan
26
Jan
pref ser a
Glass Sand Corp
Penn
*110
91 %
12
Feb
Jan
$7 conv
200
300
'
28% May
'
8% Feb
2% Jan
Jan
157
3
109% Jan
—t,—No par
Coke
&
Penn-Dixie
200
17
*15%
17
Coal
Penn
6,900"
39%
39%
39%
*39
*110'A
*110%
*110%
11
4% Jan
Jan
19
121% Jan
5
Jan
33
45
Ford
&
14%
*39%
Jan
149
Dec
5
32% Mar 17
10
118
Jan
31%
45Va July
43% Apr
3
25% Jan
16 %
Jan
No
Patino Mines &
2,200
Mar
103
Inc
Tllfora Inc
*14%
*110%
23%
10
100
Parmelee Transportation
2,200
2%
33% Mar 28
Jan
Apr
July
No par
Inc
Parker Rust Proof Co
100
14
Corp
Pictures
Utah
54%
*53
25% May
39% Jan
par
preferred
conv
&
6%
J 8%
19
4%
Park
20
6%
6%
18%
54%
*19%
Cos
Paraffine
Park
28 Va'
28%
28%
Jan
26
1.600
a.-—
14%
27
Paramount
1%
25
3% Jan
1,300
86'A
1%
20
6%
19%
"
3
23% Feb
10
1
10
Car_.
Motor
9.600
25 Vb
84
1%
25%
81%
55
30% Jan
10
-
25%
25%
78%
1%
25%
•
Jan
No par
900
3%
48 %
*105
"
«,
13%
23 %
Corp.—;—5
Pan-Amer Petrol & Transp—
5
Panhandle East p l 5.60% pfd-100
Panhandle Prod. & Ref
1
160
49
49
*105
Jan
4
13% Mar 23
29
Packard
100
109%
3%
3%
48
105
47%
.
*9%
*
13% July
6Va
48% Jan
17% Jan
Pan American Airways
5,300
109 %
10
110
3%
3%
3'A
48'%
48
*9%
109%
10
110%
Jan
12% Mar 27
9
30 /
__100
100
.
7%
3
12% Feb
Pacific Western Oil
15,300
31
30 Vb
31%
Telep & Teleg—
preferred
Pacific Tin Consol'd Corp
500
4 Va
4
4 Vb
4
30%
14%
14%
14%
*14
4%
30%
6%
6,300
5
4%
5
5
30%
30%
No
Mills
Pacific
118%
14
31%
48%
500
43
"155-VJ 156%
30%
*9v«
*3 Vb
43%
10,200
43
43
5%
31
*109%
15'/a
.32
31%
4
Va
260
21%
*12%
'
1st
*118
14
14
30%
21
15
32%
5
5%
42
42
31%
30
155%
156 Vb
5
Pacific
100
155%
*118
5%
110
118'/a
30
118%
156%
11%
43%
*42%
*117%
156%
*10%*
3
8% Jan
Pacific Amer Fisheries Inc
21%
21%
*12%
15
100
32%
32
32%
43%
*42
21%
21%
*12%
32%
32 %
43
13
43%
43
43
46
*43
10% Jan
41% Feb
0
Coast Co
—10
preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Finance Corp (Cal)
10
Pacific Gas & Electric
25
Pacific Lighting Corp
No par
*12%
11%
11%
11%
*11
11%
11%
13
*12
54
Mar 28
58
100
116
Mar 25
120
Jan
12
114%
Apr
15
Feb
25
11%
Jan
17%
Apr
96%
Oct
No par
—No par
100
100
100
No par
No par
Feb
13% Jan
3
87% Jan
3
96
Feb
11
75%
Jan
Jan
3
105
Apr
4
85%
Jan
107% July
104% Jan
4
109
Mar
2
96%
Jan
114 % July
113% Jan
3
119
Feb
4
10R%
Nov
129% July
119% Feb
15
113%
Nov
122
3/,
.Ten
96
116% Mar 17
771A .Tnn
3
45
Mar 16
9A
Aug
40 Va July
Volume
LOW
Saturday
$
$
17
$ per
per share
17'A
16%
1714
16%
111 Va
♦110 Va
*110%
lll'/a
*110'/a
*104
16%
17%
16%
111%
*110%
12,100
104%
104%
104%
21%
21%
21%
21%
21%
22
22 %
22 V4
*13%
14
13%
13%
*13%
14
13%
14
9 ¥4
9
91/4
9 ¥i
9 ¥4
V.Z
14
*13%
104%
1,600
*103 ¥2
300
-No
Purity Bakeries Corp___
15¥a Feb
3
Jan
19% July
12
113 ¥4 Feb
18
1043/4
Feb
114 Va July
15
107
Feb
9
92 ¥a
Jan
107 ¥2 July
193/4 Jan 14
225/a Apr
1
13%
Jan
123/4 Jan
par
.10
Quaker State Oil Ref Corp.
$ per share
103
100
conv
Highest
$ per share
$ per share
share
109 5/a Jan
-No par
100
(The)
preferred
preferred
54k
500
22%
22
Pure Oil
6%
104 >/4
104%
*103-%
$ per
Par
111%
104
Lowest
Lowest
Shares
share
per
17 %
•IIOV2
17
111%
$
$ per share
$ per share
Year 1943
Range since January 1
Highest
STOCK
YORK
EXCHANGE
the Week
April 7
April <i
April 5
NEW
for
Sales
Friday
Thursday
Wednesday
share
Range for Previous
STOCKS
SALE PRICES
April 4
April 3
per share
HIGH
AND
Tuesday
Monday
April 1
1461
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4271
159
14% Feb
11
10% Jan
12
Jan
21
11
Mar 22
18
10V4 Jan
22 ¥2
Nov
15
July
R
9 ¥2
9%
70 ¥2
*70 ¥1
70 ¥2
8%
¥2
8%
70 ¥2
70 ¥2
70 ¥2
71%
8 ¥2
8%
8 ¥2
8%
8%
9%
18,900
72 ¥4
500
9%
9%
72 ¥t
72
-
92
v
90 ¥2
29 ¥4
14%
14%
/■
90 ¥2
29
*28 ¥4
14
18%
*283/4
8 3/i
*8 ¥2
-8%
'
/
30
*116
29%
700
18 ¥a
700
36 ¥2
1,000
1,600
100
8%
non-cum
1st preferred
50
non-cum
2nd preferred
50
Real
Silk
5
100
Hosiery
Preferred
125
►116
4%
4%
30
*8
125
No par
1
25
50
Reading Company.
300
14 ¥4
Reis
62 ¥2
61%
61%
60%
63
62
460
14%
*14 ¥2
14%
*13 ¥2
13%
14%
14%
*14%
14%
100
Reliable Stores Corp
*18 ¥2
20
*18 ¥2
19 3/4
*18 ¥2
19%
19
19
*18 ¥4
19%
100
Reliance Mfg Co
15%
1,700
*60
63
62
153/4
153/4
15 ¥2
15 ¥2
15%
15 ¥2
*84 ¥2
86 ¥2
85
85
84%
84 ¥2
84%
84%
*84 ¥2
*84 3/4
85 ¥4
84 Va
84 3/4
84%
84%
85 ¥4
87 ¥2
87%
9 ¥a
8
L *100Va
*92 ¥2
94
8
7%
73/4
774
91 ¥2
*91%
93
92
92
91%
92
67%
673/4
6774
67%
68
67 ¥2
68
x67 ¥2
11%
11 ¥2
12 ¥4
12%
12
12%
12 ¥2
12%
86
86%
86
86 ¥2
857/a
¥4
9 Vb
293/4
30
,/W'.\
,v',
9
9 ¥4
9%
86
85%
,-: ■/
1,110
6,000
30
30 Va
30 ¥e
30
30 ¥»
39
37
37
*36 ¥2
38
*36 ¥2
14 ¥2
14 ¥2
*14 ¥4
14 ¥2
*14%
9%
9%
9%
*37
14%
9 3/4
10
9%
14%
*14
*5%
53/4
*5 ¥4
19 ¥4
19 ¥s
29 Va
29 Vb
29 ¥4
29 ¥2
20%
21
19%.
20%
50
50
700
40
'iZZ
37 ¥2
14%
14 ¥4
14 ¥2
93/4
9 ¥2
9 ¥2
*13 ¥2
14 ¥4
14
53/4
*28 ¥2
29
19%
20
20 Va
*43 ¥4
51
*49 ¥4
'm,~da';r— —
51
*50
51
1,200
zz'.'-
-
600
-y-
4,800
ZZ^f* :v
::
conv
ic Brass
preferred..
5V\% preferred
Revere Copper
7%
Reynolds Metals Co
5¥a% conv preferred
Ritter
No pai
1
Rustless Iron & Steel Corp
$2.50 conv preferred
No par
Jan
15 ¥2
Jun
Jan
32
Augt
14%
Jan
22% May
26%
Jan
35
Nov
22%
Jan
30
Jun
3¥a
Jan
Feb
127% Feb
7
3
5
5
3
Mar
9
Jan
7
4
7
Jan
86 ¥4 July
6
13%
Jan
20
12
Jan
19%
8
Sep
May
Jun
Jan
14
69 ¥2
Jan
93
Oct
89 ¥1 Apr
6
42 ¥s
Jan
743A
Dec
4 ¥4
Jan
89
16% Feb
7
1003/4 Feb 25
87
Jan
3
63/4 Jan
3
84
Jan 15
63
Jan
4
10
Jan
4
85% Mar 29
Jan
14 Va
5
19% Mar 17
16% Mar
Nov
Jan
80
20
3
14% Apr
Dec
6%
66 ¥4
14
Mar
70
Feb
Jan
Jan
Feb
Jun
Jan
11 ¥4
26 ¥2
10
*
10%
Apr
14
Jan
20 ¥2
July
.Mar 24
95 ¥2
Jan
1013/4
Dec
97 ¥4 Mar 14
73 ¥2
Jan
8% Mar 16
5%
Jan
10 ¥4 Mar 11
18% Mar 16
102%
76
Dec
69
Apr
6
12% Mar 13
59 Va
Nov
89% Feb 28
80
6
92% Apr
■
88 ¥2
.
Oct
9 ¥2
Apr
Feb
98
Feb
70
Jan
153/a July
Jan
93%
7 ¥4
Jun
Mar 16
5 ¥2
Jan
11% July
30% Mar 22
38% Jan 25
25 ¥4
Jan
32 ¥4
34%
Feb
39 ¥4 July
7
12 ¥4
Sep
14 ¥»
10
4
3
13
Jan
3
5% Jan 27
17% Jan 26
25
Jan
3
14% Jan
5
45
Jan 13
1
(The)
29%
21
36% Mar 13
30% Mar 21
15% Feb
13
Jan
3
8% Feb 29
Co
Co
Ruberoid
Dec
20 Va Mar 21
36 ¥2 Feb 24
Oil Corp
Typewriter
Royal
30
—<»
Mfg
Richfield
Jun
101 ¥2
30% Mar 14
8 ¥4 Jan
28
Jan
1
No par
Company
No par
Antelope Copper Mines
Rheem
Oct
10Vs
Jan
Jan
15% Mar 13
10
Common
71 ¥4
Jan
54 ¥4
31% Mar 22
1
10
Reynolds Spring
Reynolds (R J) Tob class B
Roan
ZZ
"
20%
20%
5,600
.
200
— —
29 ¥2
20 ¥b
29
■
'y.ZZ'r
19 ¥2
19
600
...'
^Z V
••
5 3/4
*5Va
18%
29 ¥2
*29
51
*49 ¥4'
xl8%
19
700
*36 ¥2
*5 V4
5%
18%
19 Vb
*19
*13 Va
14
14
14 ¥2
*14
/ 5%..
*5 ¥4
10
460
—
30 VB
30
38
14%
30
W-4/'
7
9 ¥4
9 ¥4
9%
_,*/:•
86
86
86
9
9 VB
preferred—
6%
160
69
No par
100 /
i__100
No par
100
100
No par
100
6% conv prior pfd ser A
3,100
■
'
*9%
1
Inc
Motors,
120
<¥
-^Z
12%
12 ¥4
Saratoga
12% May
Jan
3¥a
9% Mar 16
107% Jan 17
8 ¥2 Jan
100
RR
Republic Steel Corp—
..
8
x91
67%
&
200
92%
91%
Reo
93%
933/4
94
1,500
~
.
25
with warrants
Preferred
Rensselaer
4,800
'r —'
'
«•—»
•-
102¥4» i—...
oo
102%..
*92 ¥2
7%
8¥a
7%
8
102 ¥a
101
94
*92 ¥2
93 ¥4
93 ¥4
102 ¥2
*102
102
102
9 ¥4
17
10
1
Remington-Rand
Jan
50¥2
11%
18
15 ¥a
x83%
70 ¥2
No par
1,320
89 ¥4
16%
17
16%
16% /
300
86
9¥a
9 Va
*9
9¥a
16%
17 Va
16%
17
15%
15%
9
9
9
9¥a
.
16%
15%
90
100
1st pfd
& Co
(Robt)
:
*13%
*61 ¥2
4%
59
Mar 10
74
.
1
100
urn
preferred
conv
18 ¥a
8 ¥2
*116
125
6%
No par
Raybestos Manhattan
Rayonier Inc
$2 preferred
28%
*29
30
*8
8%
Radio-Keith-Orp
9 ¥4 Jan
3
69 ¥2 Jan
5
874 Feb 15
85 Va Jan 27
28 ¥4 Jan
3
12 V* Feb
3
28
Feb
2
15 ¥2 Jan
3
3234 Jan 13
27¥4 Jan
7
5% Jan
3
No par
$3.50 conv 1st preferred
36%
36%
*29%
92 ¥2
28%
*14
18 Va
36%
•
1,130
>
of Amer
29%
18 ¥e
36%
30
8 ¥2
125
*116
125 •:>
29%
18%
36 ¥2
8%
14%
29%
*29%
30
28%
14 ¥4
*92
92 ¥4
28 ¥4
14%
*18
17%
36 ¥2
30 ¥4
91%
29
29 ¥2
17%
36 ¥2
116
29%
91%
14%
36
18 3/,
36 ¥2
*29
14%
Z
29%
30
*29%
92
*28 ¥4
92 ¥2
*28%
10,000
9
8%
8%
Radio Corp
Jun
Oc*
10 Va Mar 18
7 ¥2
Jan
12
14 ¥4 Mar 16
9
Jan
17 ¥4 May
July
9% May
3
6% Jan
19% Mar 18
5%
Jan
19%
Dec
213/4
X30V» Feb
10
20¥2
Jan
28
23
Feb
19
11%
Jan
18%
Jun
50
Feb
2
43
Jan
50 ¥2
Aug
32% Jan
11
27 ¥4
Nov
36% Mar
% Apr
3
A
Jan
2% Apr
3
¥2
Jan
3¥s Mar
Jan
47 ¥». July
Dec
Oct
S
1.T
O
J<f
1 Va
1%
2
46 3/4
46
!»
*46
2%
46%
46 ¥4
463/4
113%
*112 ¥4
113%
-7 ¥2
•53 ¥2
7%
7%
46
*112 ¥4
7 ¥2
51 ¥4
53%
*107 ¥2
38%
38 %
52%
*107 ¥2
103
53%
52%
53%
4674
112 ¥4
112 ¥2
7 Va
7 ¥2
-
383A
40¥2
*38
900
7'' Y
"Vv;
~««.W
•
'•
'
*109%
110
*109 ¥2
2,700
*108 ¥2
1093/4
*108%
*23 ¥2
24%
*23
24 ¥2
*23
3 ¥4
*3
3 ¥4
3
40
'/
40
23%
*103 ¥2
112
23
23 ¥4
87%
87 ¥4
87 ¥2
8J ¥2
18 VB
18 ¥4
17%
173/4
17 Vb
y:'
,
88
8774
1774
1774
7';"-'-U
500
—
V;
7
;
„
15%
15
15
1474
14¥b
15
15%
72 ¥2
72 ¥2
72 ¥2
723/4
723/4
73
73
*7274
73
13 ¥2
13%
13%
13%
13%
13%
13%
*13 ¥2
1374
73
75
75
*73
75
75 ¥2
*73
52 ¥2
27%
27 ¥2
2 7 ¥4
*73
*11
ll¥a
11 VB
*51 ¥b
52 ¥2
*51 VB
273/4
*51
'
11%
52 ¥2
11%
11%
11%
*51
27%
273/4
27 ¥2
3%
3%
*3%
3 ¥2
25 ¥2
2574
2574
25 ¥4.
25
25
12 W
123/8
12 ¥4
39 ¥4
39
39%
39 ¥2
15 Va
15 ¥8
*15 ¥4
*21%
2274
*2174
2274
33%
33%
*33
12%
12 /
12%
12
12%
39 ¥2
38%
39 VB
39
15 ¥4
*14%
15%
*1474
*22
22%
*22
22%
*21%
*33
33 ¥2
33
¥2
33
33
*23%
24%
*23 ¥2
24 ¥4
23 ¥2
23%
*23%
24 ¥2
12 ¥2
123/4
12%
123/4
12%
12%
12%
1274
3%
3%
:
34 ¥4
34
3374
*148 ¥2
3374
34
*33%
34%
34
3374
374
3 3/4
3%
3%
34
34
150
33%
34 ¥4
3%
3%
34%
3,300
500
7/7 34
1,300
/A:-/
1,200
;-4
32,400
■
...
23 ¥2
♦148%
149
3,400
400
Smith (A O)
Smith
19,100
mm.4
iim
16,600
■'
S'v-
'
—
—-
600
1,600
23 ¥2
2374
23%
2374
149
70
-^Z-
23 ¥2
;
23 ¥2
23 ¥2
23%
23%
15 ¥4
1474
15%
15 Vb
15 Vb
15%
15 ¥4
15
29%
29
28%
29%
29
243/4
2474
2374
24 ¥4
49 VB
4974
49 ¥2
v
2974
2,300
'E z z
49%
293/4
28 ¥2
24%
25
24
24%
49
50
49 Va
50
*60
■
•
15%
28 3/4
v
61
29%'-
;
49%
49
58
60
/f 59
24 ¥4
24
v
¥4
•
700
E":Zm+
-v
■'
'.v..-/1
8,900
60
—
—
-
474
474
4%
474
474
474
43/4
4%
474
*6Ve
6%
6 ¥3
*6¥a
6%
*6¥B
6 %
6 ¥4
6%
2,300
5
6 ¥2
*56
70
*57
70
*57
70
*57
31%
*30%
31
30
30%
*29 V8
25%
25 ¥4
25
25 34
25
25%,
39 ¥4
39 V4
39%
39 ¥2
*38 ¥4
60 ¥4
*58%
60%
7 ¥4
*59
55 ¥2
7
7 VB
7 VB
55%
55
55 ¥2
*63%
64
63%
25 Vb
3874
*38%
38%
38 ¥4
3874
*57%
60 ¥4
60 ¥4
60%
60 ¥4
60 ¥4
7Va
7%
7%
73/4
7%
774
28,500
60 ¥2
4,690
57 ¥4
56
34%
60%
57
110 y2
*61 ¥2
64
/
.
*110%
114
114
114
*114
1147/8
*110
112
*110
111 ¥2
29¥4
600
„
Z~'
114
3%
46%
46
54 ¥4
54%
53
M>
if '
imZ'ii' f'.i's
mm*.
370
500
40
200
150
114
*110 ¥4
111%
307/a
4,400
$4.50
Conv
preferred
Square D Co
5%
-
2,300
3%
*3%
3%
800
$4
800
$8 cum prior
3%
46 ¥4
3%
3%;
47 ¥4
47
47 ¥2
547a
55
55 ¥2
36 ¥2
♦46
54%
„
47
55 ¥4
100
Standard
36¥8
36%
36%
36%
36%
9,700
33 ¥4
32%
33%
32%
33 Va
12,800
52%
53%
53
53%
53 ¥s
53%
9,600
42%
43 ¥a
43 ¥4
43 ¥4
42%
42%
1,600
111%
•8 ¥4
*111%
112 ¥2
8%
8 ¥4
8%
112
*111 ¥2
8 ¥4
112%
8 3/8
preferred
$7 cum
33 ¥a
8%
preferred
Standard Gas & El Co
8,300
53 ¥2
112
$4.50
800
5,800
preferred
prior preferred
Oil of Calif
Standard Oil of Indiana
(The) L S
31 ¥2
31%
31%
31%
200
Starrett Co
63%
63 ¥2
63%
63 ¥2
63%
63%
63 ¥2
63 ¥2
900
Sterling Drug Inc
13 ¥4
13 ¥4
13%
13%
13 ¥4
13 ¥4
13%
13%
13%
5.400
Stewart-Warner
13%
10
10 ¥4
1,800
Stokely Bros & Co Inc
32
10 ¥4
16%
10 ¥4
10 ¥a
10%
*16 ¥4
31 ¥2
*31
16%
*16
*31
10
*16 ¥2
10
10
10 ¥s
16%
16%
16%
*16%
8 ¥2
8%
3,600
14%
15 ¥4
17,700
8 %
8%
8 ¥2
8%
8 ¥2
8 ¥2
8%
8%
15 ¥4
15 ¥4
14%
15%
14%
147s
14%
15%
126 ¥2
5%
For
57 ¥2
►124 ¥4
6
footnotes
5%
see
56%
126 ¥2
*55
58
*55
*124 ¥4
►124 ¥4
5%
page
1463.
5%
*31
5^
126?2
574
57
124 ¥4
5%
57
X57
17
57
100
600
124 ¥4
123 ¥2
123 ¥2
30
5%
5%
5%
11,200
5%
Stone
60
No par
No par
No par
No par
No par
No par
No par
No par
^0 par :
..—25
5
1
20
Corp
prior preferred
Webster
No par
Studebaker Corp (The)
pfd (4%%
Oil
1
No par
8un Oil Co
Class A
No par
10
&
Sunray
Corp
34¥4 Feb 15
Jan 28
Jan 6
112% Mar 30
IO8V2 Jan 6
28 ¥2 Feb 9
110 Jan 27
110
Jersey...—25
Standard Oil of Ohio
—25
4% % preferred
—100
Standard Steel Spring
1
63 ¥2
63
1
cum)
100
1
3
Jan 3
Feb 10
Feb 8
Feb 7
32 /4 Mar 3
51% Feb 7
40.4 Jan 4
111 ■ Jan 26
6 ¥2 Jan 13
» Jan
2%
33%
40 %
—35%
28% Jan 18
62% Feb 29
11^4jaP,„
9% Feb 10
15¥2 Feb 1
8
Jan 3
14 Feb 4
56
Mar 29
121
Jan 27
5¥s Feb 15
Sep
12 ¥2 Mar
44%
Dec
96
Jan
36 ¥4
Dec
1073/4 July
43
Feb
Jan
6
109r%
Nov
115
Feb
Jan
8
105
Dec
112
Mar
59%
19 Va Mar 20
10 ¥a
16% Mar 16
9
5
54
73
Apr
Jun
4 ¥4
Jun
Jan
90%
Dec
Jan
18%
Sep
Jan
2
5
26%
Jan
16 ¥4
3 ¥4 Mar 16
91% Jan
17% July
Jan
Jan
73 ¥2 July
14% Mar 13
8%
Jan:
16 ¥4 May
5
64%
Jan
73 ¥2 May
11% Mar 16
75
Jan
Jun
10%
5%
Jan
52
Feb
26
31 ¥2
Jan
57
Oct
28
Mar 31
17%
Jan
29
Jun
27
2%
Jan
'
4
28
Jan
16Va
12 ¥2 Mar
Jan
45 ¥4
Sep
Nov
24 ¥2
July
233/4
Nov
Jan
39 ¥2
July
15 ¥4
Jan
25 ¥1
Jun
,10 ¥8
Jan
15 ¥t July
2 ¥4
Jan
16%
Jan
29 Vb
20 ¥a
Jan
303/4
14
17
6
35
Mar 14
357/e Mar 7
13 ¥4 Mar
Apr
149 ¥2 Mar 29
24 Va Jan
Nov
19
35% Mar 16
4
May
27 ¥4
xl3¥s July
15%
3
27 ¥4 Jan
28
Apr
22% Aug
22
23 ¥4 Jan
5
28 ¥2
7
18 ¥4 Jan
Jan
10Va May
31
42% Jan
Jan*
21
Mar 13
26% Mar 14
Feb 23
Mar 29
Jan 28
Feb 5
Apr 4
Jan 27
3¥4 Jan 3
28% Jan 10
28% Jan 6
141
Jan 6
23
Jan 29
13 ¥e Jan 17
23 ¥2 Jan 3
20
Jan 3
40% Jan 4
54
Jan 7
No par
Standard Oil of New
¥2
*31
No par
Jan
16
25% Mar 17
37
14%
22
29%
23 ¥2
12
4 ¥4 Jan 3
5¥a Jan 26
55
Feb 14
29 ¥e Apr 6
24% Mar 29
36 ¥4 Jan 2o
56% Jan 27
6 Jan 3
50¥2 Feb 11
6% Nov
19%
114
110
6
100
preferred
conv
Squibb (E R) & Sons
$5 pref series A
$4.25 preferred
Standard Brands, Inc..
%
117
33%
8 ¥4
2
%
37 ¥4
112
No ps"
preferred A
*11374
53
*42%
No par
Spiegel Inc
%
33 Vb
8%
$3 conv
No par
No par
1
(The)
Spicer Mfg Co
Sperry Corp
11374
36%
43 ¥4
Spencer Kellogg & Sons
7/s
33 ¥4
112
No par
1
Sparks Withington
Spear & Co
$5.5J preferred
*11334
53 ¥2
8%
.
—
%
37%
43 ¥4
Natural Gas Co
113%
8
33%
*110
25
7.50
No par
Southern Railway
No par
5% non-cum preferred
100
Mobile & Ohio stk tr ctfs
100
California Edison
Southern
Southern Pacific Co
303/4
■
53 ¥4
43 ¥4
100
Southern
30%
'mm
15
1
Lines
5
No par
preferred
30%
53%
55
37 ¥«
imZ'
63
•112 Vi
No par
10
South Porto Rico Sugar
8%
20
Typewriter_No par
Southeastern Greyhound
30 ¥e
78
3%
3%
63
•
Iron
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
3074
'
%
63 3/4
•
■
111
&
Corp
Corona
&
113%
30 ¥4
*113 ¥4
%
47
*46
;-
4,200
3574 -35%
114
*110
3%
60
111%
114
112
114
:V.,:
111
112
*61 ¥2
*110
30%
35VB
35%
353/a
110 ¥2
63%
900
29 ¥2
25 VB
*112%
8
Z'Z'
29 Va
25%
;
*110%
/
■
30
36
36
112
*113
m.Z
25 %
112
*35
*35%
*110%
30¥s
200
ZZ-
7,.
70
*57
70
*30%
21,500
9,600
,E: *.Z.
59
*58
59
*58
58 ¥4
Steel
$1.20 preferred
.
■
4
15
Skelly Oil Co
100
^-44
5
No par
Steel./—«,—No par
Sinclair Oil Corp
No par
Simonds Saw &
Sloss-Sheffield
Jan
Jan
l3/4 Mar
ll2
72
Jan 27
9¥aJan 6
48¥2 Jan 4
24
Jan 18
3 ¥4 Jan 3
24 ¥2 Apr 3
25
Feb 21
10% Feb 8
Coalition Mines
Silver King
63% Jan
12
Simmons Co
*.z
i.'c
33%
*1434
'
.
Oil
Shell Union
200
34 ¥4
148
149
(W A) Pen Co
42% Feb
3
3
13 ¥2 Jan
1
X108V2 Mar 23
5
No par
No par
No par
-15
A
(Frank G)__
Shattuck
8 ¥4 Feb
105 ¥2
24
547/b Mar 31
21 ¥2 Jan 10
2% Jan
35
Mar 13
47
113 ¥2 Jan
84
Feb 7
16 ¥4 Feb 14
No par
preferred
$5 conv
38¥aFeb 17
.Jan 6
37¥2 Mar 16
109
Feb 16
108
Jan 3
105
No par
No par
Sharpe & Dohme
Zz.
•'
••
•
*148
, ; 150
*148
1
Sharon Steel Corp
Sheaffer
El'"A :mZ*
■
12%
12 ¥4
3%
1,100
(
23 ¥2
12 ¥4
;>•
'
33 ¥2
23 ¥2
;V'--
i
15 ¥2
22%
-h
■
5
No par
$3.50 conv pref ser,
■■
40
153/a
mm*.
•
12%
*24
33
!
AJ-
"•/^ J-.
2574
*24%
25%
34
27%
3 ¥2
25%
*25%
*34 ¥4 -35
—
;
25 ¥4
24%
25%
.
2774
277/s
•
•'
52
80
3,700
'
11%
25%
3%
25%
15 ¥4
*51 Vb
52
*3%
*3%
25%
*25 ¥4
39 ¥2
11 ¥4
11%
25%
3%
3%
•73
75%
i-AV? a
No par
Servel Inc
800
¥2
$4 preferred
Seaboard Oil Co of Del
Seagrave Corp
Sears Roebuck & Co
100
■
'
'
-7
15
15
No par
No par
No par
Co
$4.50 preferred
3,700
■
18
13 ¥2
72
4
3,600
Z Z-
.
'•>
8874
17 ¥2
17 ¥2
:;'v;
23 ¥4
87%
87''2
preferred
5%
Savage Arms Corp
Scott Paper
10
.:■/:•
3Va iM
*3
3¥a
No par
100
5
5
.100,
Safeway Stores
Schenley Distillers Corp.
5¥a % preferred
20
103%
*108 ¥2
*3
3
88
preferred
.
109 ¥2
22%
'
non-cum
500
i :;f'=•'-'Z'Am
109
109 V2
10974
6%
Feb 18
3" Mar 17
% Jan 20
43% Jan 27
110¥4 Jan 8
,■
7
Jan 3
28
10
100
100
Joseph Lead
tfit Louis-San Francisco
St
100
21,600
7^:/ '
;
*108¥2
110
108 ¥2
*15
190
■
'
'■f:
'
108
108
40
40
383/4
110
;V.
:
•
.
52 ¥2
51 ¥2
'
109
*108
16,300
.
41,600
463/4
7%
--
174
463/4
7%
7
.
174
2
112% 113%
109
108 V2
*3
A
'
*
*109 ¥2
fs
1%
7%
109
3,4
1,400
29 ¥2
TV
1%
113 ¥2
53 ¥4
29 ¥2
;
%
2%
7 ¥2
*108
29%
29
29%
%
¥8
*112 ¥4
.
29%
2974
29%
30
*29%
/
'
132
Jan
21 Va
Jan
-10%
6
5
Apr
Dec
Sep
149 ¥2 July
25
Apr
Jan
14%
32 Va Mar 22
15%
Jan
30 ¥2 May
Jan
303/8
62 ¥2 Feb
26
1
29
15%
49% May
66
Apr
5% Jan
18
15 ¥4 Mar
28 ¥4 Feb
50
Apr
23'
35 ¥4
Jan
2%
Jan
2%
6% Mar 16
58
Jan
42 ¥3
Jan
Sep
61
Nov
Jan
35
Dec
6
23 ¥2
39% Mar 25
32 ¥4
60 % Apr
Jun
Jan
21%
31% Mar 14
-
6%
33
Mar 30
27% Jan
6 ¥2
Sep
Apr
Nov
35 ¥4 Mar
Jan
44 ¥4 July
56
7% Mar 13
May
3
5
Jan
60
8 ¥4
Sep
Sep
5
38% Mar 13
35 ¥2
Jan
64
Sep
33
Jan
42
July
112% Mar 22
109
60% Apr
Jan
116 ¥2 July
64 ¥4 Feb
2
70
July
114% Jan
10
112 ¥2
Nov
117
Aug
28
107
Nov
110
Dec
31% Mar 21
25
Sep
112
115
1
Jan
Mar
Jan
6
10
Jan
49
100%
Jan
-h Jan
-
31%
Dec
115 ¥2 July
2 ¥4 Mar
6 ¥8 Mar
l¥i
Jan
9
Jan
38 ¥2
10 ¥4
Jan
44 'A
11
28%
Jan
40
15
28 V8
Jan
383/4 July
55% Mar 17
43 ¥2 Mar 28
46 ¥2
Jan
60
37 ¥s
Jan
45 Va May
"5 ¥4
Nov
9 ¥2 May
32% Mar 22
25
Jan
31 ¥2 Mar
6
15
1174 Mar 14
58 ¥2 July
4 Va Mar 22
50 ¥4 Mar 22
58 ¥4 Mar 2%
38 ¥4 J an
34% Jan
114
Feb
Dec
Dec
May
Sep
15
9¥a Mar 22
65% Jan
13% Jan
7¥s
66
May
Jan
14%
July
Jun
Sep
4 ¥4
Jan
14
14
14 ¥2
Dec
xl7
2
5%
Jan
10 3/4 May
16% Mar 13
5%
Jan
15 Va
17 ¥2 Mar
9% Feb
60 ¥2 Jan
21
48 ¥2
Jan
Dec
63 ¥2 Mar
Apr
130
Sep
4% Nov
6
Oct
122
Monday, April 10, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1462
RECORD
NEW YORK STOCK
'■
■
Saturday
April 1
April 3
7%
7%
7%
19%
18%
78
77%
22
22
*21%
*10%
11
*78
500
78
80
*77
22%
22%
*21%
22%
31%
*30%
31%
Sutherland Paper Co
10%
*9%
10%
31%
31%
100
10%
10
31%
31%
31%
31%
31
31
31
Swift
31
30%
2,100
30%
28
27%
28%
'28%
28%
6%
6%
6%
6%
5,300
3,200
Sylvania Elec Prod's Inc,
27%
*31%
31%
31 %
31%
*31
31%
30%
31V4
29
28
-
6%
,
7
6%
0%
1,200
Sweets Co of Amer
1,800
Swift & Co
V
International Ltd
No par
Corp—-——-—1
Symington Gould
6
7%
Apr
3%
Jan
12%
Jan
22
May
58%
Feb
82
May
24% Mar 22
14%
Jan
32 % July
31% Mar
8
26%
Jan
33
11 Va Mar
3
4%
Feb
12%
Jun
31% Mar 20
22% Jan
27 Va
Nov
32% Feb
2
27 %
Nov
35 Va
Apr
33 % Jan
5
22%
Feb
35 Va July
7% Mar 13
4%
Jan
8% May
21
Mar 16
84% Feb
»
3
Jan
share
per
sha,re
per
8% Mar 16
3
2934 Jan 28
8% Jan 4
<27% Jan 3
27% Jan 10
27% Mar 29
10
12%
23
(The)
10
10%
.
$ per share
17% Jan 27
72 Jan 3
20
Jan 4
25
Superior
500
*30 %
22%
(The)
Oil of Calif—
Superior Steel Corp
:
100
19
19
19
Superheater Co
1,000
•
19
Highest
Lowest
Highest
5% Jan
10c
No par
Co
Mining
Sunshine
3,300
7%
7%
31
*10%
7
Shares
share
Year 1943
January 1
$ per share
Par
$ per
$ per share
7%
7%
Range since
Lowest
28%
*30
7
r
share
Range for Previous
"
STOCK
EXCHANGE
31
31
31
28%
$ per
19
77%
STOCKS
NEW YORK
the Week
7%
xl8%
*74
78
22%
*30
.
April 7
share
$ per
7%
7%
19%
22%
April 5
April li
April 4
share
$ per
share
*74
Friday
•
$ per
•19.%
Thursday
Sales for
Wednesday
Tuesday
Monday
PRICES
SALE
HIGH
LOW AND
2
July
T
••
7Vs
7 Vs
*45%
48
*45%
48
*46
48
*45%
48
; :
400
Telautograph Corp
400
Tennessee
5%
5%
5%
5%
5%
5%
5%
*5%
*10%
10%
10%
10%
10%
10%
10%
10%
*10%
10%
4,500
48 Va
48%
47%
43
47%
48
47%
6V4
6%
8,000
6 Vs
6%
5%
6%
34%
34%
34%
34%
34%
34%
34%
34%
35
34%
17%
2,400
17%
18
18%
17%
17%
17%
18%
18 Vs
18%
10%
3,700
-
24
*17%
10%
10%
10%
23%
23% "
24
24
23%
16%
17%
17
17
17
*54% >55
55
55 %
*54 Va
7%
7%
47 Vs
47 Vs
47%
5Vs
5 Vs
5%
5%
7%-
*12%
37%
*12%
13
38
2%
2%
*20%
37%
r
14
104
103%
104
28
27%
28
28 Vs
44%
44%
44%
44
28%
•
44%
8%
8%
8%
18%
*18%
18%
18%
*13%
13%
*13%
14 Vs
•V
3%
3%
91%
92
92
10%
10%
10%
10%
10 %
16%
16
16%
*
3%
91%
92
•
10%
10%
11
24
23%
24
23%
24%
24 %
23%
31%
31%
32
31%
*102%
7%
*102%
7
7%
7%
7%
7%
7%
85
85%
84%
85%
84%
9%
9%
9%
58%
57%
7%
7%
86
♦85
•
9%
9%
*9%
102%
103
*102%
103
*102%
103 Vs
103
200
900
190
V
—
..
400
9%
9%
9%
3,300
:
85%
85
85
1
20tfc Gen Fox Film Corp.-—No par
$1.50 pnferred
No par
$4.50 prior pfd
No Par
Twin City Rapid Transit—«—No par
1% preferred.
,100
Twin Coach Co.*,.
1
27,700
.
103 Vs
7%
V'
i
32 Vs
31%
32 Vs
31%
31%
31%
No par
,
—
45
35
Jan
3
Jan
Apr
5% Mar
11
11% Jan
5
8%
Jan
13% May
50% Jan
10
41%
Jan
53% July
Mar 27
3 Vs
Jan
6% July
33% Dec
41% July
"6%
23
8%
July.
18
Jan
11% Mar 18
7%
Jan
13% July
26% Mar 21
16 Vs
Nov
28% July
6%
19% Mar 17
13
4
; 6
9
112
31 *
26
11
Feb
Feb
53%
52
Jan
6% Feb
11
3
6% May
Jan
.
May
49
-
19
Sep
9%
;
33% Jan
23
Oct
95
Jan
4
16
8% Mar 20
47% Feb
Dec
July
8
2% Jan
16
Oct
14
Jan
Jan
35
55% Mar 31
July
8
8V8
Jan
15
39% Mar 18
26%
Feb
34%
Dec
IVs
Jan
3
Mar
Jan
26%
Jun
13% Mar
3
' Mar 18
16
23% Mar 21
14% Mar 18
9%
Jan
15% July
Mar 21
94%
Jan
103% May
29% Mar 14
23%
Dec
34% Mai
49 Va Jan
3
3
3
6
40%
Jan
50
105
25
6%: Jan
9% Mar 17
July
10% May
21% Mar 16
12% Jan 5
3% Feb 4
,/ 85 V Jan
4
8% Jan.,? 3
.15% Mar 1
21 Vs Feb 17
28% Jan 3
100
Jan 4
5% Jan , 5
68% Jan 4
8% Jan 6
15%
Jan
25% July
14% Feb
18 % Feb 10
Rayon Corp.—
Tubize
500
:
—
Corp
Truax-Traer
1,900
—
24%
24%
24%
—
•
preferred
$6
730
W.C
16%
*16
16
<
Trl-Continental Corp
4,500
—
8t'l_
Jun
8%
5% Jan
6
Mar 17
6Vs Feb
19 Va Mar 16
>■
<
Feb
Jan
Jan
Apr
8% Mar
49
35%' Feb
8% Jan 13
Trar.samerlca Corp
Transcont'l & West Air Inc
Transue & Williams
28
, 7
4
9
4
Jan 3
Jan 10
Jan 4
Mar 6
13
100 Vs
25
44
—2
5
No par
:
1
-'—No par
800
200
4,800
—
92
10 %
16
16%
16 Vs
3%
3%
.
V"''— vi'-r >«'
14
14
2,800
V/.'
3%
92
10%
—
18%
91%
3%
3%
92
1,700
.
9
8%
18%
92
*16%
:'
28 Vs
,'44%
9%
9
880
r
104
103
.13%
13%
3%
"
200
6,400
14%
14%
Products -—-—No par
Thompson-Starrett Co——No par
$3,50 cum preferred
—Nr par
Tide Water Associated Oil
—10
$4.50 conv preferred
No par
Timken Detroit. Axle
;
10
Tlmken Roller Bearing
No par
3,600
,
4'/a Feb
34 Vs Jan
14% Feb
8% Feb
17% Jan
12%<Jan
50% Feb
5% Jan
92
Jan
7% Jan
43
Jan
4% Jan
12
32%
2
18%
-25
(J R)
Thompson
1,300
21%
*21
18%
,
18%
14%
28
45
8%'
9 Vs
103%
4
'
2%
2%
21%
104%
19 %
3%
37
'
13%
14
44%
*13%
37 Vs
21
14
27%
*18%
37
21%
21
14%
45
*9
•
2%
22
28
45
12%
2%
103 %
104%
12%
2%
2%
14%
14
14
28
5%
12%
"
.
40
47%
",*12%
.
-
1,500
*5 Va
36% "
36
37"
30
■
7%
5%
■
Thompson
300
110
*47
47 V4
:
100
7%
v
7%
7%
500
*5%
12%
-
~
21%
*104
5 %
"
2%
*2%
*21
5%
*12%
*36%
7%
*109Vs
*47
47
47
13
8
110
*7%
7%,
7%
7%
*48%
"7%
109
108%
110
No par
Texas Gulf Sulphur
—No par
Texas Pacific Coal & Oil
10
Texas Pacific Land Trust.1
,
Texas & Pacific Ry Co
100
Thatcher Mfg Co
JVo par j
$3.60 conv preferredNo par
The Fair
—No par
Preferred
100
Thermoid Co
■—1
$3 div conv preferred
10
Third Avenue Transit Corp-No par
"
Producing
Texas Gulf
1,700
55
*108%
7%
*7%
7%
7%
*108
109%
55
10%
25
200
17%
'
—
Jan 5 .
Jan 3
Jan 12 V i
Mar 29
45 % Feb' 7
7
42
4%
10%
600
24
17%
'
Corp
(The)
Texas Co
1,200
'
10%
*54'/3
8
*7%
6
10%
17%
55%
*54%
*103%
6
24
*23%
13
24
47%'
48
5%
6%
10%
10%
10%
47 Va
preferred
5%% partic
5 %'
*5Vs
9
50
5
—5
Talcott Inc (James)
48
*45 Va
■
500
7%
7%
7%
7%
7%
•7VB
7%
*?::°
•
11%
Jan
16%
24
69
Mar 22
94
11
90
May
6%
Jan
9% May
12%
jan
24% July
Mar 25
<
Jan
Apr
4% May
1%- Jan
4% Mar 13
17% Mar 21
24% Apr
-
5
25
Nov
34% July
Jan
99
32% Apr
5
103% Mar 22
Oct
101
Jan
9%
Jun
Jan
77%
Jun
6% Jan
11%
Jun
4%
8% Mar 22
67
89% Mar 24
'
10% Mar 13
U
58
58
10%
59
*58
10%
10
10 Vs
10
10%
79%
78%
79
*115%
113%
10%
10%
,
78%
78%
78%
115%
*115%
116%
*115%
116%
114%
*113
114%
*113
114%
79
78%
115%
*113
116%
*115%
*113
114%
.
95%
96%
96%
26%
27
26%
26%
27
27
26%
28%
28
28%
9ft
103
103
103%
103
103%
24%
24 V8
24 Vs
24%
*109%
110%
*109%
110%
110%
110%
*21%
21%
21%
21%
*21%
21%
111
64
*63
25
*24%
*62%
*110
64
*24%
25
:
500
United
V'
j
—
4,100
110%
22
*110
64
*63
63%
25
*24%
25
*24%
5%
100
cqnv
5%
40
111
111
64
25
64"
4
300
preferred
United Air Lines Inc.
4%% preferred
24%'
110%
United-Carr Fast Corp
United Corporation
1%
1%
1%
1%
1%
1%
8,900
1%
33%
33%
33%
$3
33%
33%
6,000
33%
33%
33%
33%
33%
13%
13%
13%
13%
13%
13%
.United
13%
7,100
13%
13%
13%
99%
99%
*99 Vs
99%
99%
*99 %
100
99%
100
600
99%
.
7
*6%
7
*6%
7
*6%
7
*6%
7
53
*51%
53
*51%
51%
12,700
10'/a
10%
preferred
—
—-5
Co
Drug
Preferred
10
10%
10
10%
10 Vs
10%
10%
27%
27%
27%
26%
27
2,000
27
27%
United Engineering &
27 V8
77
77%
77%
77%
78
78%
United Fruit Co
77%
77%
1,200
77%
77%
1%
1%
1%
1%
1%
.1%
1%
•
1%
37
*103%
'
103%
104
5%
*4%
5
9%
9%
*5%
5%
4%
9%
9%
*9%
102 Va
102%
17%
17 Va
16%
17%
17
17%
72
72
71 Va-
71%--
71%
73
72
72
73
178
*176
178
176
*102
176
178
*176
10%
600
9%
*176
176
'
10%
9%
9%
102
104
*102
104
10%
10%'
9%
10%
17%
10%
10%
*46
102
102
:
260
17%
1,800
U S Freight
73%
1,800
U S Gypsum
*46
38
10%
1,100
47 Va
20
47 Va
47
47%
/
47%
*37
38%
37%
37%
37 Vs
37%
37%
37%
5%
5%
*5%
5%
5%
5%
*5%
5%
500
5%
21%
20%
21'/a
20%
20%
21%
21%
x21 Vs
21%
1,900
112%
10
6%
4,500
*5%
*21
*U1,
112
*111
6% V,"<
6 Vs
9%
*9
'
•
*43
44%
*37
*1%
9%
9'V
9%
31%
*43
44%
43%
43%
*37
38
1%
1%
45%
44%
136
136
136%
52%
52%
54
*71%
6%
6 Vs
*31%
1%
136%
®,//a
6Vs
9%
45%
*52%
6%
-"31%
>
73%
*111
112
,
:i'31%
"•
38
45%
112
112
112
tC 9-%
32
31%
*111
*37 Va
1%
44%
136
52%
31%
44
38
45%
45 Vs
136
136
53
52%
71%
51%
52 Va
51%
52 Vs
51%
51%
51%
52
121%
1217/s
121%
23%
23%
23%
*45%
U
46%
6,900
U
56 Va
1,800
.
__
45%
45%
73%
52 %
13.200
23%
23%
*45%
.
3,100
122 V2
800
23%
47
2%
2%
3
3
3
2%
20
—
v,
3 V
2%
*2%
2%
2%
2%
2%
2%
2%
2%
*84%
85%
*84%
85%
85%
85%
85%
85%
*84
*15%
16 %
16
16
*16
16 %
1,000
1,400
85%
—
15%
15%
15%
*3%
4Vs
*3%
*35
*71%
*35
36%
73
167
164
72%
*165
15%
4>/s
36%
72%
167
*3%
*35
70%
*165
3%
4%
*35
36%
71%
72
*165
167
3%
3%
__
300
»-
>
*35
300
36%
72
*70 Va
72%
*165
167
300
—
3%
36%
U S Pipe &
V
.
—
'
160
•
167
Plywood Corp
S Realty & Impt
Rubber
S
100
-1
20
10
1
Foundry
Playing Card Co
No par
U S Smelting
10
1
Co
8% non-cum 1st
600
136
100
122
122%
23%
47
2,300
2%
2%
3
*2%
48
*45 Va
47%
*45 Vs
122
23%
1%
*71%
71%
122
U S
51%
73%
23%
200
55%
55%
*71%
121%
37%
136
73%
23%
U S
45%
136
*71%
122
200
1%
45%
1,700
43
X37%
1%
400
32%
par
par
par
preferred
100
50
Rer & Min
50
—
—....
Dec
113
Jan
105%
Jan
15%
Jan
22% July
102 % July
-6
82% Jan
Mar 20
116
113% Apr
5
19% Mar 17
104% Feb
24
80%
Jan
96% Apr
5
79%
9
x24% Nov
93 %
11
-
Oct
Oct
97
28% Mar
May
40
114%
Jun
33% July
17% Jan
Mar 25
Jan
5
26
Jan
21
1% Feb
36% Jan
16
18
14
Jan
22
Jan
Apr
114%
24% Jan
Jan
Feb
xli8
Jan
Feb
28
68
22% May
Jan
109% Jan
55% Jan
114
Jun
69
% Jun
x26
Jun
18%
Jan
26
hi
Jan
25
17%
Jan
14% Mar 13
7%
Jan
15 Va
Sep
Mar 28
94%
Dec
96
Dec
17
2%
Jan
9
Jan
57% Mar 13
66
July
100
'
7% Jan
38%
6
5Vs
Jan
Jan
6
23%
Nov
29
Apr
5
104% Feb
21
Sep
2%
Dec
29%
Dec
Dec
100
Dec
3Vs Jan
5% Apr
4% Jan
10% Mar 18
13% May
84%
1
17
-
99 %
Jan
19
9%-Jan
Dec
Jul?
5
59
Jan
75%
Oct
Mar 13
168
Dec
181%
Apr
Jan
10 Vs
Oct
44%
Nov
Jan
75
180
U% Jan
5%
17
47% Apr
3
39% Jun
30
Feb
28
26
Feb
21
7
112
x42% July
Jan
4
39% Mar 13
23% Feb
16% Jan 3
110
Feb 10
*
5% Jan 27
8% Jan 25
Apr
Jun
99
5% Mar 16
21% Feb
Jun
76%
2Vs
3
104 % Mar
9Vs
16% Jan
2% Jan
39
Sep
35
60% Mar
81% Mar 16
c
2% May
35%
Jan
10% Apr
Mar 28
Jan 10
8% Jan *
42
Jan 7
35% Jan 26
5
Jan 19
Jan
"7%
Apr
19%
13% Jan
Apr
114
Jan
108
Oct
6% Mar 23
31
Feb 14
40% Jan 3
35% Mar 4
1
Feb , 2
40
Feb 7
130
Jan 13
7
Jan
......
4% Nov
8 Vs
July
9 % Jan
.
70
11%
x76%
86% May
113% Jan
70
170
52% Feb
Jan
113
6
U S Steel Corp
No par
50% Jan 3
Preferred
—100 xll9 % Jan 27
U S Tobacco Co
No par
22% Jan 3
7% non-cum preferred
25
45 'Jan 4
United Stookyards Corp
1
2% Jan 28
United Stores class A——
5
2 /4 Apr 5
$6 conv preferred
-No par
76 • Jan 13
Universal-Cyclops Steel Corp
—1
14% Jan 4
Universal Laboratories Inci_.
1
3% Jan 4
Preferred
No par
31
Jan 4
Universal Leaf Tob_—
No par
70% Apr - 4
8% preferred
1
100
162 Mar 20
Preferred
Jan
8
27 % Mar 16
7% Feb 10
4
14% Jan 3
5
-50
,-10
Preferred
9%
32
%
conv
U S Lines Co..
43
38
1%
1%
S Hoffman
5%%
42
Mar 11
11
106
97 % Jan
20
.—.——-.100
Co
Mach Corp—
preferred
U S Industrial Chemicals—No
U S Leather Co
No
Partic & conv ci A
No
Prior
preferred
U
*9
9%
32
*43
38
6Vs
6%
700
38
.
Co
preferred
7%
90
176
1st preferred
$6
No par
No par
No par
Secur
U S & Foreign
1,400
*48
*46
Faperboard-....10
102 Va
10%
10%
47%
Vs
United Gas Improv't
9%
17%
17%
.United
II,000
103%
5%
*5
5
103%
104
No par
100
38%
38%
16,100
■
103%
104
5
Fdy
ex-distrlbtion.
United Merch & Mfrs Inc
1
5% preferred
100
1%
1%
39
38%
38%
36%
104
36
37%
37%
*103%
1
100
5
.
—
United Electric Coal Cos
10 Vs
27%
*27
No par
preferred
United Dyewood Corp
July
59
59% Mar 28
30% Mar 13
Jan 3
Feb 24
Jan 19
Jan 19
Jan 12
Mar 23
62
Feb 7
22
Jan 3
IVs Jan 3
33% Feb 17
12% Jan 27
95% Jan - 4
6
Feb 5
50 < Jan 12
8
Jan 6
26% Mar 29
75 % Jan 12
xl% Mar 9
28% Jan 19
98% Jan 3
d Feb 9
27
100%
22%
102%
20%
110
No par
No par
;—No par
No pa*
$4.75
"30
*51%
51%
53
53
53
*6%
100
preferred——;
Carbon Co
United
1%
1%
No par
Biscuit Co
conv
1%
,
5
.—-100
—i—10
100
United Aircraft Corp
1,000
*110
111
*63
111
110
No par
3,100
*21%
21%
preferred
non-cum
28%
24%
110%
21%
4%
900
.
25
100
100
Union Tank Car
103%
102%
.
25
110%
27
28
28%
103%
24%
24%
24%
*24 %
600
9'% Feb 7
76% Feb 25 i
113
Feb 19
109% Feb 5
18% Feb 3
93% Jan 3
92% Feb l
26% Jan 11
par
par
California
Union Pacific RR Co—
Union Oil of
I,900
96%
96%
*102%
50
3,400
104 %
104
95%
i 28%
100
..
19%
Xl9%
19%
104
95%
28%
28%
3,200
116%
113'A
& Paper
No
Union .Carbide & CarbNo
Union El Co of Mo $5 pfd
No
Preferred $4.50 series
No
"
51% Jan 10 \
No par
par
par
Union Bag
79%
27
*26%
110
10
3,900
Fisher Co
Under Elliott
79%
19%
103
1,200
X10
95%
95%
95%
103%
19%
-■
103 Vr 103%
104
104
104
19 Vs
19%
19%
19%
19%
*103
.
58
58
58
58
8% Nov
9%
Jun
18
34
Mar
37 Vs May,
29 Vs Jan
Mar 13
46
42
29% Jan
6
20
U
48% Mar 21
25%
Jan
46%
Dec
Jan
62
May
Jan
74
Jan
59% July
101
Jan
Jan
11
46
Jan
24
64%
55% Mar 16
47%
58
73
;
122% Jan
18
Jan
112
29
24
20 Vs
Nov
48% Feb
23
42 Vs
Jan
10
1%
Jan
%
Jan
3
Jan
4
Feb
10
17% Jan
6
86
4% Jan
18
7
36
Mar
75
Feb
16
169
Feb
25
56
Jan
13%
Dec
2% Nov
30%
Nov
59% Jan
•150
Nov
125
24% Jan
3 Vs Mar
Sep
130
8
138% Mar
Jun
3% May
Jan
2% Jan
July
44%
Jan
32
39% Mar 18
Jan
July
Apr
50% Aug
3% July
Oct
3
V
Oct
88
20% July
6
% July
41% July.
75% July
165%
Nov
-
V
*19%
20
*19%
19%
10%
10%
*10%
10%
*40%
41%
*40%
41 %
*117%
*117%
120
*42%
*42%
44%
74
*68
*68
78
*68
*69
120
44%
19%
*10%
41
19%
19%
10%
10%
1034
41%
*40 %
41%
200
44
*69
Van RaaltejCo
10%
41%
120
*68
Van
10%
*42%
78
1,100
41
*117%
120
T
*42% -44%
74
*68
78
*69
*117%
"
42 3A
120
74
*68
100
*69
1st
Co
Inc
preferred—
Vick Chemical
78
22 %
22%
22%
22%
22%
22%
22 34
22%
1,200
4%
4%
4%
4%
4%
4%
*4%
4%
*4%
4%
1,300
*58%
58%
2,300
116%
110%
30
Va
El & Pow $6
10
Va
Iron Coal &
59%
60
60
58
59
117%
116%
116%
*116%
*46%
48%
*46 Va
47%
*45%
39%
39%
*39
39%
39
39
33%
33%
33%
33%
33%
111
*109
♦144
For
<
33%
*109
111
*144
footnotes see page 1463.
*109
*144
58%
„
117%
*45%
48
110
59
*116%
117%
48%
*38%
39
*38%
38%
34
34
*34
34%
110
110
*109
*144
47
*142
47
110
200
..
400
30
2.50
—-5
100
5
-100
100
5
Ry——
5% non-cum preferred
Victor Chemical Works—
Va-Carolina Chemical ——No par
22%
59%
'
Co..
22%
*116%
...
•Vicks Shreve & Pac
74
78
Norman
7%
42%
No par
Vanadium Corp of Am
19%
500
*117%
74
I934
19%
1
6%
div
partic preferred.
pref
Coke 5%
Virginian Ry Co
6%
preferred
Vulcan Detinnlng Co
Preferred
100
17%
9%
37
116%
41%
63 Va
70
21 Vs
4
52
pfd—100
114%
38%
25
25
38%
33%
No par
100
102
100
149
Jan
4
21% Mar 16
15%
Jan
Jan
4
11% Mar 17
8%
Jan
43% Mar 20
25 Va
Jan
3
Jan
28
118
Jan
3
8
115
■
Jan
Mar
25% July
12%
Feb
37%
Oct
Oct
120
40 Vs
Dec
44%
Oct
Jan
25
47
Mar
Jan
15
68
Mar 20
51
Jan
65
Aug
Mar 27
57
Feb
67
% May
Feb
11
76
23% Feb
Jan
11
20% Nov
2% Jan
Feb
5% Mar 24
Feb
62 % Mar 24
39
Jan
Jan
117% Mar 21
115
Mar
7
26%
Feb
6% July
68 %
July
Dec
*123
Aug
20% Jan
45
Oct
Jan
40
Feb
52
Ma
39% Jan
15
34% Jan
6
29% Jan
2
80
Jan
110
Aug
28
113
Jan
150
Nov
Mar
3
Jan
4
110
Mar
Feb
14
154
Feb
27
35%
Oct
Sep
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4271
159
NEW YORK STOCK
LOW
Saturday
April 4
per share
.
$ per share
,
STOCKS
'••;
Thursday v.
Wednesday
April 5
Tuesday
April 3
$
$ per share
RECORD
SALE PRICES
AND HIGH
Monday
April 1
,
1463
•
,
April 6
,j.
i
.
April 7
■
share
$ per
$ per share
Sales for
V.: Friday >s'. •"
V $
NEW YORK
Range for Previous
STOCK
Lowest
Par
Shares
^jper share
Lowest
Highest
$ per share
$
Highest
$ per share
share
per
..
Year 1943
Ranee since January 1
EXCHANGE
the Week
-
$
share
per
W
52
52
11%
51%
11%
*11 %
11%
26%
26 '/a
51%
26 %
26%
♦105
108%
*105
50%
51
11%
11%
11%
*11%
26%
y
51
26%
*26%
27
*26%
*105
108%
1
108%
*105
52%
52%
50%
51%
51%
51%
51
*17%
17%
*17%-
17%
*17%
17%
8%
8%
8%
8%
8%
11%
11%
11%
10%
IT.
1%
1%
2
58%
56%
58
1
600
58
12%
24
*22%
23
*16%'
17%
25%
25%
*24
■
8%
56%
;
12% : 12%
V": 23
23
23 V:
*22%
*16%
25%
25%
25%
8 %
*82
23%
22%
85%
85%
85 y2
24
23
16%
26
'
:,T8
23%
*82%
85
83
22%
.
86 %
100
100%
100
*99 %
100
92%
92%
92%
113%
114%
114%
18%
18%
18%
92
92'%
113%
100
18%
93
{•
*106%
107
*106
29%
28%
29%"
29
17%
17%
•107 V
107
.29
4%
v «y:4—
Wesson Oil & Snowdrift
100
i
West Indies
4,600'
100
90
1%
1; 260
6%
,
s.U
j
27%
27%
27% *: 27 %
22%
9ft
95%
33 %
*32%
28
*107%
33%
101%
21%
21%
*21%
21%
21%
69%
69%
20%
*20
*20
20 %
22%
10
5%
70
69
7%
7%
7%
13%
13%
26
*100%
*90%
100
*90%
114
109
Jan
16% Jan
4
20% Jan
14
;
White
3,100
'•
Feb
$4
v
Rock Min Springs
Prior
1,200
*58 y2
60%
*60%
60%
61%
*81
86%
15%
Jan
99% Mar 21
81
Jan
100
25
120
Jan
136
Jun
35
Mar 16
31
Jan
40
July
29
Feb
24% Mar 13
7
Jan
July
25% Jan
12
Jan
112
19
22
52
Mar
60
Apr
97% Jan
3
102% Mar 22
85
Jan
99
Oct
20% Feb
7
22% Mar 16
18
66% Jan
28
16
108% Feb
26
67 y2 Mar
Mar 17
72
20
18
Feb
7
20% Mar 29
20
Feb
7
24% Mar
7lA Jan
24
5
Jan
26
X64% Jan
24
73
Jan
27
25% Jan
1
No
par
preferred
24
20
8
106 y2
Jun
Jan
24% July
71% July
15
Jan
20
Jan
22% Aug
_
13%
3%
Jan
28
86
Jan
x20%
Oct
7%
Jan
40
Jun
10% July
Jan
2%
6% Mar 13
Mar 15
J/3
58% Jan
Mar 23
11
29% May
22% Nov
27
Apr
Oct
9% Apr
5
2%
Jan
6% July
8%
8 Ve Apr
6
2Va
Jan
9%
14%
12% Jan
12
14% Apr
6
Jan
3
8%
v.;
100
*90 %
100
*100%
80% Jan
4
88% Feb
10% Jan
5
12'/a Mar
6%
pfd
19%
10
36% Jan
3,100
Woolworth
4,000
Worthington P & M (Del) —No par
(F W) Co
V
59
*58
59
*58%
59
60%
60%
*59
60
*59%
60
83
*81
83/
67
65
65:
*81
■•'81
65%
65
65%
*65 '
'
300
rr
600
28
28
27%
28
*27%
28
27%
28%
1,100
Yale & Towne
10%
10%
10%
10%
10%
*10%
10%
10%
10%
1,600
York Corp
16%
16%
16%
1,800
35%
36%
3,300
No
Youngstown Sheet & Tube__No
5%% preferred series A
Youngstown Steel Door
No
;
III
16
16
15%
16
15%
36%
35%
36
35%
35%
35%
99 %
99%
99%
99%
99%
*98%
15 %
14%
15%
14%
14%
14%
36%
15
14%
70
99
*98%
99
3,400
15
9%
86%
Oct
Jan
11%
Apr
9
20% Jan
Jan~25
22%
39% Jan
3
22
28% Mar 16
4
Young Spring & Wire
Dec
Jan
24% July
Jan
42% July
16 y2
Jan
25%
Oct
Jan
27
105
Jan
27
104
Dec
149
94
Jan
12
94
Jan
12
100%
Oct
134
Sep
47% Jan
5
60 y2 Mar 27
44% Jan
54
Jun
Jarf
5
61% Mar 20
46
57%
81'
Feb
4
65
"Apr
49
Jan
87% Mar 14
•
78 !A
Dec
12
58 y8
Jan
Jan
70
1
27% Mar
6
30% Jan
7
11% Jan
17% Mar
Jun
108
Apr
70%
Sep
21%
Jan
31%
Sep
Jan
17%
July
31
3
Sep
~7%
8
10
29
1
Mfg. Co
121
Jan
17%
30 y2
|ii
y
Sep
105
preferred A
100
6% preferred B
100
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical
No par
Wrlgley (Wm) Jr (Del)
No par
1%
100
Jan
Jan
115
Feb~~18
10
14% July
4%
9
100
26%
114
16
Jan
8
Jun
57%
Mar 10
10
—10
:
Woodward Iron Co
200
'
*91
Co
El Pow
Wisconsin
.-V •'
•
No par
preferred-
Wilson-Jones
600
8
No par
39
26%
114
■
•t—
$6
500
.
20%
38%
26%
26
Wilson & Co Inc
12%
*20
39
38%
5,600
84%
*122%
-
4,600
>
12%
V
v,
v
Willys-Overland Motors
6% conv preferred
-.
9
84
v
•"%»«»
*100%
.
Dec
^24% May
59% Feb
28%
15
24%
3
26
15%
Nov
105 y2 Jan
*28
16
Oct
22
13
65%
36
Apr
49%
4
65
*98%
Apr
11%
Oct
Jan
65 Va
10%
6%
Jan
14
114
.?■ 60
Jan
5%
37 %
Feb
,
60%
*
2%
Mar 22
6
20%
86 %
*81
Dec
133
•
*59
Sep
31%
8
No par
preferred
conv
Oct
110
Jan
5% Mar 22
3
127% Mar
16%
Jan
19
Jun
50% Mar 22
29% Mar 22
20
Jan
White Sewing Mach Corp—
7,800
V: v 90
•:
22 y2 Jan
32
103
5
14
10
22
4
7
3
Feb
x91
Apr
Oct
87%
Jan
32 y4 Jan
107
1
7% Jan
11%
Oct
99
119
4% Jan
.*90%
100
10
1
10
12%
"•
*20
39
.
117% Jan
-5
25%
.
;,
"
X
Wilcox Oil & Gas Co
*100%
26%
25%
26%
114
39
39
38%
39
39
*100%
12%
*122%
';• •''•>•''
Jan
113% Apr
17,700
85
85
12%
57
96% Mar 23
45,400
9
8%
20%
3
9%
13%
■
Jan
85 V2 Jan
,"'25%
7%
*122%
67%
8%
13%
21% VVX'vV 20%
13
25%
-
7%
*12
12%;.
71
,
13%
*20%
21
Jan
1
6%
7%
85
Jan
101
9%
9
9
Jan
16
No par
No par
9%
13%
8%
*122'A
*122%
25
8%
50 y8
96% Feb
100
23%
7%
85
85%
*12
12
-
9
85'A
85%
24%
8
10
No par
100
preferred—-
6
7%
13%
8%
9
•-V=
Mar
Feb
No Par
9%
*69
5
24'
White Dental Mfg (The S S)
'
,79% NOV
20 Va Dec
85
Aug
Apr
Jan
89
12,50
Wheeling Steel Corp—
$5 conv prior pref
3,400
26% July
Jan
100
100
Elec "Instrument
Wheeling & Lake Erie Ry
5%% conv preferred
210
Jan
69
3
No par
Westvaco Chlorine Prod
$4.50
177/8
9
50
50
Weston
40;
8'% July
2%
24% Mar 17
-Jan
3% Jan
Sep
Dec
July
8% Mar 22
'18% Feb
Feb
Apr
83
6
83
preferred
22%
70%
26
par
White Motor Co
10
70
87/a
partic
500
1,300
■••;
Jan
(3
Jan
No par
20%
13%
7%
13%
25
7%
1st
\ "80
70'A
70:
6%
-.
Class B—
700
101%
*20
6
69
24%
,
8%
8
8%
V
."•V-
23%
9%
5%
5%
25
24%
25%
10
9%
V
5%
*68
70
11%
w
17%
Jan
3
No par
100
Westlnghouse Air Brake
■
"27% Mar 16
23
26
Wastinghouse El & Mlg
V:V
20y2
41
60
i
28%
'••' 21'A .'21%
-.:•
20%
22%
22%
22%
23
9%
*20
;
65%
*100
21%
500
V
107%
101%
69%
5%
*20 %
101%
•
21%
10%
*85%
102
*69%
23
9
65%
>•21%
10
8%
28%
*107
;' *62
108
*62
I
•>.
23'A
Jan
27% Feb 23
2,000
•''
34 y2
*33
28%
28
108
65%
97 V
Jan
12%
103
2,700
22%
,>128% 128 %
70
22%
*25
96
.
'
20%
*68
V;
108
*100
101%
69
70
; 5%
28
28
107%
*62
22%
95%
'
101%
*19%
33%
'32%
:
65%
101%
*69
32%
22%
129%
108 > :
*63
65%
*63
22%
*127%
27%
27%
108
*107%
-
96 V
22%
96 %
V 95%
; 127% 128%
22%
95
.,130% 130%
33%
33
22%
>
i
-
15%
4
preferred
Auto Supply Co
10
Western Maryland Ry
100
4% non-cum 2nd preferred—100
1,400
4%
7
19% Jan
Western Union Teleg class A-No par
1,200
4%
26%
*
-
23'/a Jan
f
6% Jan
pfd
6%
2,500
26%
13
*12%
1
16% Mar 28
22% Feb
—1
4%%
July
15% July
32%
7%
1U0
Power
May
2% Mar
56
Jan
Dec
77.
preferred
preferred
13
Jun
Jan
22'% Jan
Sugar Corp
Oct
9%
22
14
Western
290
v
6,200
26%
22%
*28%
29-
12 % •ii2y2
46
96%
106 «/2
Mar 13
Jun
24% Mar 22
3
22% Feb
par
West Penn Electric class A—No
West Va Pulp & Pap Co
46% '.'47% v;
46"%
96
18'A
106%
26
14
"11% Jan
No par
500
>•
3
Apr
Dec
109
Feb
103
Mar 31
No par
West Penn
47%
46
22%
*18%
No
340
46%
46%
*130% 131%
;*
18%
Eisenlohr_
$4 conv preferred
2 "
60
par
No
12 »A Mar
27
Jan
—5
& Pipe
Webster
60
93
Pictures-
Bros
Warren Fdy
45
_50
1
46%
46%
>
-
preferred
Wayne Pump Co
4%
4%
12%
26%
Jan
5
12%
4%
12%
27
Jan
%
par
Waukesha Motor Co
*4%
4%
13%
27
4%
No
Washington Gas Lt Co—JVo par
12%
4%
13%
t
11% Mar 31
9
8
Na par
B
1,200
114
28%
27
Baking Co cl A
8,100
,,
V
93
29
>
Jan
1% Feb
86
99%
108
4%
Jan
22%
114
*106%
29
4%
86
93
*18%
107
9% Mar 17
par
500
'
•
3
No
300
-
8%
114
*113%
.7% Jan
22%
100
*92
114 i.:v
*113%
18% May
-
*82-%. •:>» 84
:>
86%
100
Jan
400
f
26 V'
8%
23
*85%
54%
15%
Warner
1,200
<
v
23% ;- 23 %
83
22%
22%
Jan
5
$7
'
1 85%
38 y2
Feb
Class
10,500
•
227/#
16% : 16%
-
i 8%
*23
86 %
'23
12% V*.
26
8%
Mar 31
18
1,900
23%..
-
22%
26
23%
53
800
57%
j
12%
v
23
■
16%
.
23%
*
8
V
84 V..
,
22%
23
J-
12%
4
12
Ward
57
*23
8%
23%
23
84
12%
Feb
17% Jan
1,500
56%
*23
16%
8%
*82
57
19
48
Na par
preferred
59% Mar 13
1
105% Mar 27
100
G & W
Walworth Co
2
106% Jan
No par
preferred
No
(Hiram)
2,300
*1%
28% July
Walker
Dlv redeem
.
11% May
Jan
3
19
26 % Apr
3,200
2
40 %
Jan
20%
\Jan
10% Jan
v'Vv 8% ."•..8% ;V
V 11
'11' •••-■
11
1%
16%!, 16%
25%
8%
-J
8%
*10%
•
Jan
7%
11
40
No par
4%%
System
..*50% ,V51%V>
*17% ;; is«: :
,
17%
'
2
10%
57
•24 %
*22%
V
23%
*23
.
*17%
8%;
;
*1%
..
12%
12%
12%
23%
11
51%
•
'108%
'
24%
8
27% Feb
100
par
Walgreen Co
4%% preferred :
Waldorf
500
.
i 27
•
*105 *.'
" 110-
;ii%
.
Wabash RR
1,300
48% (.50
51 \
11%
V
Mar
par
14% Jan
par
35
8
38% Mar 16
Mar 29
101% Feb
3
30
Jan
41% July
Jan
98
NOV
Jan
82
16%
Jun
100
96
Jan
6
par
13
Jan
3
16% Mar 16
9%
33 % Jan
3
39% Mar 16
19%
Jan
377/a July
3% Jan
19
5% Mar 25
Jan
4% May
z
"
:
*36
35%
36%
.
4%
5
;v. 5
*Bid
and
asked
35%
5
5%
36
36%
1,500
Zenith Radio Corp,
5%
5
5%
6,100
Zonite Products Corp
5
tin receivership,
prices; no sales on this day.
a
Deferred delivery,
n New
Stock.
rCash sale,
Daily, Weekly and Yearly
;
Stocks,
l'
too
Number of
■*'"
V
Railroad
and Miscel.
Wednesday
Thursday
Friday
Vv Bonds
$129,000
361,000
335,000
384,000
V
Monday
"
Tuesday—
-
~
-
—
3,118,010
Total
.
,
9,326,900
$36,323,500
y Ex-rights.
of
Week Ended
8,000
$33,000
Shares)
April 7,1944
Domestlo
Foreign
Government
$264,000
—
V 166,460
586,000
5,000
——
149,775
570,000
10,000
189,755
528,000
70,000
190,985
586,000
Monday
Tuesday
Wednesday
Thursday
Friday
$38,203,500
—
8.
Jan. 1 to
796,110
Total
$2,534,000
1944
April 7
1944
1943
1943
3,118,010
12,378,082
65,673,214
Foreign
Railroad
&
industrial
$25,000
$1,849,350
$741,150
3,753,000
^28,889,000
(v. 959,893,300
39,039,500
Total
36,323,500
88,818,900
$38,203,500
$92,596,900
listed
on
1,142,921,000
the New York Stock Exchange as
Indus-
Rail¬
trials
roads
'
•'
Utili¬
ties
of representative stocks and bonds
compiled by Dow, Jones & Co.:
-Bonds10
Total
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Ralls
ties
Stocks
trials
Ralls
Total
40
Bonds
39.61
23.08
49.92
107.04
110.84
April
138.84
100.37
138.01
39.29
23.01
49.61
107.04
106.35
77.39
110.84
100.40
April
138.06
39.33
23.05
49.64
107.12
106.39
77.17'
110.75
100.35
April
49.67
107.17
106.65
77.81
110.72
100.59
49.83
107.13
106.85
77.98
110.79
100.69
April
138.17
39.38
22.98
April
138.91
39.40
22.91
April
7_"
HOLIDAY
Jrv,
i
J
Corporate
?
$1,000
;
Total
43,000
u
—
.3,000
$270,000
634,000
580,000
601,000
801,000
215,000
$305,000
1943
$47,000
Jan. 1 to
1944
$2,886,000
April 7
1943
2,710,750
17,377,745
20,537,637
$6,719,000
$55,151,000
$65,331,000
488,000
17,000
1,888,000
284,000
3,117,000
148,000
$2,886,000
10
IB
20
•
*
.
47,000
TotaL
the daily closing averages
30
Foreign
■
•
f
*
305,000
Foreign corporate
$990,631,650 $1,182,701,650
are
t* *
*4
>;)
$2,534,000
Foreign government
-Stocks-
Date—
l' •i.*v
$7,224,000
$57,323,000
$68,596,000
Bonds
Domestic
Stock and Bond Averages
Below
.
796,110
Stocks—No. of shares
95,242,651
$33,000
1,847,000
Government
.
HOLIDAY
—
Bonds
U.
...
'
$5,000
99,135
Week Ended April 7
Stocks—No. of shares—
"s
Bonds (Par Value)
(Number
Sales
$4,678,500
7,293,300
6,624,800
9,634,000
9,972,900
Bonds
$3,000
13,000
■ 4,000
5,000
Week Ended April 7
1944
Exchange
U
Foreign
$4,546,500
6,919,300
.6,285,800
9,245,000
—
2
Stocks
$1,847,000
Bonds
322,730
692,810
572,400
772,390
757,680
Saturday
wdWhen distributed. x-Ex-divldends.
United States /Total
Government
Bond-
638,000
HOLIDAY
Shares
^••^Week Ended April 7,1944
s Special sales.
Transactions at the New York Curb
Transactions at the New York Stock Exchange
§
No par
35%
35%
35%
4%
35%
106.26
77.35
HOLIDAY
THE COMMERCIAL &
1464
Bond Record «» New
THURSDAY
NOTICE—Prices
the
weekly range are shown in a footnote In the week In which they
Period" indicate in each case the month when the bonds
of the regular
letters in the column
The italic
"interest
headed
II.
3%S_
Trea nry 314s
Treasury 3%s
Treasury 3%fi
Treasury 3s—
Treasury
3s
Treasury
214s
Treasury
Treasury
2s
Treasury
2s—
—
Treasury
2s_.—
Treasury
2s__.
Treasury 2s
2s—
Treasury
Treasury
2s
lreasury
1948'
1948
1949
1949
1949
1950
1950
1951
1951
.1953'
June 15
2s
—
Treasury
2s
Treasury
l34s
Federal
—
Owners' Loan Corp—
3o series A—
"100.1
m-s
100.11
100.25
105.4
105.18
100.19
100.19
__
"105.3
j-d
j-d
,
w
,
•
--
105.5
*110.19 110.21
j-d
*111.8
M-a
*111.31 112.1
111.20
112.5
103.7
103.11
106.24
106.24
,
*109.13 109.15
109.3
109.12
111.9
111.11
•'•/../
111.9
*111.13 111.15
j-d
*111.19 111.21
11T12
112.6"
j-d
*103.10 103.12
103.9
103.9
*103.5
M-S
,
j-d
M-S
111.9
■
■■
..
j-d
;,K-*106.21 106.23
M-S
M-S
M
series
York
New
,
*100.5
__
*100.2
j-d
100.4
100.2
100.5
3%
100.6
100.7
100.17
M-S
*100.14 100.16
100.9
j-d
*106.24 106.26
106.9
j-d
107.11
M-S
*100.8
100.10
j-d
*104.7
M-3
*102.1
102.3
1950
j-d
*104.21 104.23
1951
j-j
;
101.31
104.8
*101.21 101.23
1951
M-S
*101.17 101.19
1951
j-d
*101.16 101.18
1952
M-S
*101.8
*100.15 100.17
j-d
1048
*105.9
AC
100.17
101.11
j-d
(Republic of) 7s.!
(Republic) extl 6s_—
Republic 7s stamped
7s unstamped—
!
I
Greek Government— / '!•;
AEstonla
Finland
101.11
100.28
*100.7
;
1944- 1952
1947
—1945-
M-N
*100.4
j-d
*101.1
100.16
__
100.24
101.3
City
j-d
-1980
Corporate Stock
96
109% 110
110
■L
:
,
108% 110%
ft.
V;
•
part
A6s
'
/
'
A Mexico
1
A
Assented
Foreign Securities
AAssented
AAssented
AAssented
Wertheim & Co.
120
Broadway,
i
New York
NY
i 6y2s
1-1693
A 6s
New
series
(Colombia)—•
Mtge Bank
Agricultural
1947
1948
1968
F-A
A-O
M-8
1943
J-J
19
1945
1945
J-J
J-J
1945
AE^t^rpal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
^External sec s t 7s 3rd series—1957
A Antwerp
(City) external 5s
1958
Argentine, (National Government)—
S f external 4V2s
,
1948
8 f ccnv loan 4%8
1971
8 f extl conv loan 4s Feb
1972
8 f extl conv loan 4s Apr.,
,>1972
Australia (Commonw'lth) 5s of '25.1555
External 5s of 1927
1957
External g 4%s of 1928
1950
Belgium external 6%8
1949
sink
tund 0s
AGtd
sink
tund 6s—
iKing of Norway)
4s
tDept) coll 7s A
AExternal s f 7s series B
A External s f 7s series C
AAntioqula
s
f 6s
External
s
f 7s
...
(U S of) external 8s
AExternal s f 6%s of 1926
(Central
A7s
Ry)
(City)
Brisbane
,
f 6%s of 1927
s
A68
External
s
s
(Dora
1977
t It bonds
3s
30-year
2% s
3s
Jan
AChile
(City)
(Rep)
*>7s
19%
16%
19
16%
18%
16%
18%
J-D
m-n
M-N
'
F-A
A-O
J-J
M-S
M-N
18%
,
.
.
60
oni
1958
6s
92
90%
Feb
M-N
1980
A-O
assented
Jan
1961
J-J
8ep
1981
57%
58%
26
95%
*95
Prague
75%
76
80%
1902_
—
v
72%
78
.
/■!
*85%.
A-O
*
M-S
A-O
90,
92
/
84
/
18
j
3V
M-s
P
34
*30
j-j
;
•
34 3s
34%
90
99%
~8
108%
90
90
■■
.v
4
•
■
.
106
1
104%
P 101% 102
!-;*— ,100
.
*19
18%
•
•
'X*m
iP; 22..
J-D
?
1
13
1"
•'
••
"r.v'
99%
101%
103%
*18
23
P.; 89.%
96
,/:rf*17'Vv'P
;
m
.11%
■11%
10%
L.;
QV
r
10%
Q-J
P.
Pp 10%
'
*17%
■;!
*14%
=
*14%
'
'
•
F-A
96%
A-O
"94 '
F-A
32'
;.po-
18
101%
103
102%
103%
P
•
105%
101%
18
20
18
sec
6%s
96%
/ 94%
! 89%
M-N
98%
96
■
97
94
95
83
85
87
P- ' 1
,,^91
■
*81
96
100
98
12
98
d-O
*90%"—
Vp
,
91
m-n
j-d
92
-
h-
m-8
m-s
35%
m-s
•
19%
1
,92
23
18
36%
27
20
25
36%
16%,, .20%
195
*17%
A-O
*18%
*24 Va
a
16%
external loan of
loan
municipal
ui umvtfjtti
16%!,20y
f!20 J
r17
18
17%
18
•
11%
—
17%
__
6
19%
19%-
24%
27
-»
18
14
19%
19%
16
12
19%
j-d
■39V8
39%
3
*36
39%
j-j
37%
37%
20
'34
37%
A-O
», <
j-j
L
V-
24%
-12%
1946
1953
-
■50%
m-n
F-A
39%.
F-A
19%
27
39
100%
P
39%
34%
34
34%
A-O
42%
42
42 %
3
39
j-d
34
33%
34
28
29
34%
36%
37%
16
34
38%
37%
37%
5
34
37%
83%
83%
8
81%
83%
m-n
j-d
m-8
37%
v.
For Financial Institutions
FOREIGN
,
v
.
:
■
35
128
39%
30.
34%
" '
SECURITIES
7
FIRM TRADING MARKETS
17%
18%
16%
19%
19%
rarl marks & r.o.
il
-
inc.
19%
21
13%
16%
19
23%
18%
18%
17%
16%
19
19
19
18
17%
19%
P
50 %
103
38 %
.
4s_7._1964
"2
101% 102
101%
A-O
1926.^.1—1966
«iL:_1967
jay,—
'"P.!"
19%
17
20
17%
>—
.
__
j-j
gold.-——1968
Fe-external sink fund
19
18%
30
20
17%
92
;31%
369
19%
-.-17%
A-O
A-O
88%
104% .105%
17'%" 19%
19%
A-O
91
92
*104%
/
35%
20
j-d
1921:—^——.^940
external sink fund
19%'
18%
97
93
__
28
18
92
100
—
*87
1.
j-d
7%s—1952
1947
(State) extl 6s
Janeiro (City o!) 8s.
104%
•-
17%
17%
.36
•93
89
93%
4
94
104
29%
17%
•
35%
.
1
103%
104
*19%
18
.
92:
■
100%
98
98
m-s
X. * 32 -P
> 27
93/
93%
16%
!
100
»100
13%
18%
16%
35%
*95%
13
18%
'
'
93
m-n
15 %
1
13%
*90
j-d
11%
10%
14%
{'35% 36
m-s
14%
11 %
!'-:p 9%
5
10%
17
35%
M-S
17%
14%
—
m
*13
*16
agree
-P
17
13%
7-7
17
11%;
10%
7-j"
7II-
■
16
*11%
T-D
A-O
(City of Greater)
54%
102%
-
16%
12%
;
■(.
'
*11%
19%
82
62%
-16%
1
*10
1965
—.1903
■
.p; 6
96
96.;
"X
M-N
i
23
:
t:
6
16%
16%
A-O
1933
,
62V2
98%
-C
.
4
75%
.
•'"
A-O
16
r
.
2
M-N
-
9
821/
J-D
20%
:'P-16%
21
18
82
106
;**04%
-
'
110
25
92%
*102%
j-d
F-A
loan
p 90-
,
A-O
A-O
.
90
85
...
92%
*89
•"
90
,
74%
86%
.!;
A-O
.
78%
67%
73%
v
80%
-71%
*88
•
—.——1957
sink fund 4%s
fund extl
■
62
69
78
73
A-O
1969
.1967
1945
1949,
1949
/,
;
;.
79%
64%
59%
78
M-S
112%
149
59%
*62
■
s
F-A
104%
■
64%
64%
j-j
v
•
80%
110
P*27
18
.p
;
139%
112
80
50
-
18%
*148%
80
73%
109%
p;|ios
18
107 %
*110
j-d
81%
Banta
■
55
A-O
A-O
29
95
72
*521/4
—
100%
-105% 105%
j-d
Rio\Grande do Sul (State of)—
A 78
100
73%
4
78%
79%
29
de
AExtl
A 6s
-96
95
*76 »/8
104%
1958
ABsiextl loan of
\ '96
y-S
1962
,59%
92
(State)—c
5s
Queensland
A Rio
57
47%
M-S
Sep 1961*
ceo
A
47%
d-0
AExtl sinking fund 6s
tnfos
59%
47
J-J
Kinking fund 6s
102%
51
M-N
F-A
assented
101
50
56%
F-A
A 6s
101
56%
J-J
1981
AF-rterr.al
100%
101
23
76%
104%
v
100%
1
77%
103%
F-A
;
103%
4
94%
88
"
f
27
21;,
*103% 108
*1043'8
•
94%
92
2
J-J
1981
assented
86
13
76
Jan
A 6s
82%
20
M-S
1943
f 7s
«s
%
86%
941/4
77
1960
t
94
82%
94 »/8
M-8
1943
g
60
100%
5
104
15
assented
■92
*
36
J-J
assented
external
98%
J-J
J-D
Feb 1981
•art?
56%
15
93
*102
A6s assented
AO.v
1
1
6
—
60
m-S
1954
fund
18%
—-r.'
Jun 102% 103%
102%, jo 102% 103
1953
8
*18%
J-J
8s
External
sinking
17
1
A-O
j-j
J-J
m-n
AExternal sinking fund 6s
AExtl
5
18%
1960
..1961
1967
1968
15 1948
Jan
Carlsbad
19%
18%
F-A
A-O
15
3s
A
19%
18%
m-n
J-J
—J an
3s
19%
A-O
1970
1978
3%s
30-year
19
..1978
..1984
of) 30-yr 4s
25-year
19%
17
A-O
A-O
1
1970
Oslo «Clty) sink fund 4%s
—1955
a Pa nama
(Rep) extl s f 5s ser A.1963
A Stamped assented 5s—...—1963
Stamp mod 3'As ext to—
1994 "
Ext sec ref 3%s series B—I
1967
APernambtico (State of) 7s.Z——1947
A Peru (Rep of) external 7s—
1959
A Nat loan extl s I 6s 1st ser——1960
A Nat Loan extl s f 6s 2d ser
1961
JAPoland (Rep of) gold 6s
-1940
A4%s assented
t-,—^..1958
<
A Stabilization loan s f 7s
—.1947
A4%s assented
!.
...a—1968
AExternal sink fund gold 8s_;—1950
'»,•
A4%s assented———a.
—1963APorto Alegre (City of) 8s
—1961
AExternal loan 7%s
1966
A78
10
4%-4%s_
a
17
'
sink
u
1961
f 4%-4%s
external
Canada
1
3
19
25%
Municipal Bank extl 8 1 5s
19%
19
-V-
M-8
F-A
J-D
Refunding s f 4%-4%s
External
17
18%
1957
1958
1950
f 4%-4%s
External readj
4s
18%
A-O
A-O
J-D
i
stamped
10
19
18%
/i
f 5s.—
s
External
.
18%
1957
1957
—1952
Sinking fund gold 5s_
Sinking fund gold 6s
Buenos Aires (Province of)—
55
54%
_.
J-D
f 5s
s
53
50%
—-
*64%
19
1941
lABrazil
AExternal
1955
1955
*54
7s
65
25%
Norway external 6s——:—:—1944
External sink fund 4%8
.1956
J-J
AExternal s f 7s series D
External
2
55
55
55
AGtd
Akershus
s
External
Municipal
A
Wales
South
External
ft
Govt,
ioreigu
(City)
AMontevideo
68
57%
M-S
1958
1959
—1952
1959
f 6%s
ASec external s
-s
2-2300
REctor
ASec external s
T eletype
York Stock Exchange.
1942,
5,
Nov.
to
/ 59%
64%
(Stale)—
Mlnas Geraes
36
9
15
68
agree
.
37%
'
36
62
1945
1913
37%
34
2 V.
66%
agree
1942,
5,
Nov.
to
6s. ot
63%
45%
34
r;
64
...1954
.
1942,
5,
Nov.
to
37%
•
3
66%
agree
4s of 1910—
AAssenting
SATreasurv
Membera New
1942,
5,
Nov.
to
37%
*35
j-j
1945
1945
—
AAssenting 4s of 1904—
,4
Telephone
1899
31
45%-,
57 %
39%
;
37%
64
57%
64
•
37%
M-N
17%
20%
'•
45 3 8
agree
to
AAssenting 5s of
■
•
M-N
...1943
assented
Nov. 5, 1942,
US) extl 5s of 1899 £
AAssented
*
20
20
64
paid
st.amoed
16%
15%
*63
•V
oart
A4lA.«
>
/,
18
/ 16%
j-d
..1964
paid,..!—1
1958
Haiti (Republic) s f 6s series A—..1952
Helsingfors (City) extl 6%s_.
1960
Irish Free State extl s f 5s
;.£60
A Jugoslavia
(State Mtge Bk) 7s—1'«57,'
AMedellin
(Colombia) 6%—1954
Mendoza (Prov) 4s readjusted.
1954
Mexican Irrigation— :
i V
A7s
M-N
4,.^
P
45%
A-O
.
101.5
100.28
19
*16
A-O
French
~
16
18%
16%
A-O
1952
1942
5%s 2d series—
105.11
*101.9
100.28
*100.19 100.21
j-d
1955
101.6
100.5
15%
.
__
*100.30 101
M-S
1953
101.8
101.6
100.21
M-S
1952
1955
101.8
w
101.10
25
18%
17%
:<*'
gold 5%s
1955
External gold 4%S——;
—1962
lADorninican Rep Cust Ad 5%u
1942
8A 1st series 5%$ of 1926—
1940
§A2d series sink fund 5%s
1940
Customs Admin 5%s 2d series
1961
5%s 1st series—;
—i
.1969
104.8
17%
16%
F-A
External
101.31
18%
18%
.-17%
^yf
17%";'
1945
jADenmark 20-year extl 6s
100.6"
18%
16
.
;
j-d
(Rep of) 8s ser A.1951
A Czechoslovakia
104.9
1950
106.9
18%
i-
17%
24
1977
....
■
17%;;
17- .!
1953!
5%s
wks
A Public
■
r
M-N
1949
debt—
19
16%
»16
V
1953
4%s
loan
external
4%s
17%
f
•,
A-O
^1949
ASinking fund 8s series B
100.2
.
j-j
.
—1951
Sinking fund 5%s
*101.30 102
*107.9
External
100
6'
'
A-O
1961
1970
1947
1952
(Republic of) 5s of 1914
Cuba
100.1
20
100.4
100.5
,|A
fU-S
..,..■
—1947
—1940
Mtge Bank 6%s__
Copenhagen (City) 5s
25-year gold 4%s
A Costa Rica
(Rep of) 7s
100.5
100.4
.Jan
ASinking fund 7s of 1926..
ASinking fund 7s of 1927—
100.5
100
100.5
1927
external s f $ bonds
16%
■
13
17
M-S
.
Oct 1961
1928
of
AColombla
100.17
100
j-d
of
AOs
10~6~.18
100.14
M-S
Unification Issue—
Transit
A 6s
-•
1
•
•
l|%
(V
(Republic of)—
Colombia
3s
100.7
*100.16 100.18
__
j-d
*; "XL ' 'PJ"
-
17%
M-N
1951
5s
"5
»:
■
.4;i'.;17..-"J;.1.6%
*
*103,21 103.23
j-d
—!_',
(Hukuang Ry)
Chinese.
18
; M-N
:
1962
1960
1960
;
18
l8
j-d
j-d
1962
Chilean Cons Munic 7s
A7s assented
A
*103.29 103.31
M-3
Home
114s
A
*107.16 107.18
;va
M-S
100 T6
*106.30 107
>
j-d
assented!
A 6s
103.11
*106.25 106.27
:
M-S
j-d
/;
January 1
■
rLorn- High
No.
16%"- 16%
1961 ,'vi A-O ;
1961 JP A-O
sink fund 6s_
A Guaranteed
,P
,i
j-d
.1957
..1961
-.1961
A6l/as assented
/ A6s assented-——
liiX llTlO
111.10
M-N
..
1957
High
*19
M-N
_L963
Bs^lc 6 %s.i
ASinking fund 6%s
;
A6%s assented
..
A Guaranteed sink fund 6s
*104.27 104.29
M-S
sinking tund 6s
ab&enieft.
a 6s
AChJle Mortgage
.
A-O
1944- 1949
Js
"105.26 105.28
106.9
j-j
Mortgage Corp—
Farm
102.29
105.27
2
Low
.1963
Sold
Sale Price Bid & Asked
Period
.
Range Since
Bonds
V
Interest
(Continued)—
(Rep)
oExterxial
111.23
102.28
1947
Mar
Dec
Jun
—Sep
Dec
March
Sept
2s
Treasury
Chile
High
111.14
1959
2s__—
Treasury
Low
,
Thursday Week's Range
Last
.
or Thursday's
BONDS
New York Stock Exchange
„
January 1
No.
111.13 111.13
j-d
1956
1954
—1956
214s.
High
taken of such sales in computing the range for the year, o a- ",
;
X&r.
P'PPP J
mature.
APRIL 7
i
"102.17 102.19
A-O
.
2%s
2%s
Treasury 23As
Treasury 23As
Treasury 2%s_
Treasury 2%s
Treasury 2%s
,1945
Treasury 2%s
...
1
1948
Treasury 2'As—
1949 1953
Treasury 2%s
1950 1952
Treasury 2%s
..—1952 1954
Treasury 2V2s
1956 1958
Treasury 2%s
1982 1967
Treasury 2148
1968
Treasury 214s
;—xj—1963
1969
Treasury 2148
June 1964
1969
Treasury 214s —
.Dec. 1964
1970
Treasury 214s
——-.—1965
1972
Treasury 2148
—1967
1953
Treasury 214s
1951
1955
Treasury 214s
1952
Treasury
Treasury
Sold
Low
-1952
4s
Treasury
Sale Price Bid ft Asked
Period
1947
-1954
1944
-1956
1946
■1946
1944
■1949
1946
•1952
1949
■1948
1946 ■1955
.-1951
•1960
1955
■1947
1945
■1951
1948
1954
1951
•1959
1956
1963
1958
1965
1960
414s
Treasury
ENDING
Range Since
Bonds
or
Government
S.
Treasury
WEEK
FOR
of
disregarded In the week's range, . unless they are the only transactions
occur. No account is
P",
Thursday's
Last
Interest
York Stock Exchange
New
)
RANGE
Thursday Week's Range
BONDS
YEARLY
-
defaulted bonds. Cash and deferred delirery sales are
Interest"—except for Income and
"and
are
and when outside
week,
York Stock Exchange
WEEKLY
-
Monday, April 10, 1944
FINANCIAL CHRONICLE
FOREIGN SECURITIES SPECIALISTS
50 Broad St., New
Telephone IIAnover 2-0050
•
!
York 4, N. Y.
Teletype N. Y. 1-971
42%
,
'
Volume
THE COMMERCIAL &
Number 4271
159
YORK
NEW
r
Interest
Exchange
Stock
Thursday Week's Range
Last
or Thursday's
'
BONDS
York
New
I "
Paulo
ASao
(City of Brazil* 8s
1952
(State)
Paulo
external.™
A8s
extl
a 6s
water
;
•
44
44
38 A
j.j
■
f
s
1940
7s
Croats <s Slovenes
Seros
A 8s
33
series B
A7s
Silesia
;
extl
sec
1962
16 A
17
22
16 A
18
...1962
>13%
17 A'
m-N
"'{ j-D"*'
16%
10
98
91
*88
91
*86
89
89
M-h
*87
External
•
—.1979
"
Industrial Companies
%
M-N
>, •72
.
12
70 Va
"
65"
72•
:
.
9
1947
17A
>r;|vl5'A:>>^4VS»
15A
103
103
103
104
104
♦104 A
!
Albany & Susquehanna RR
registered
3y2s___1946
—1946
income——..—iw.—-.1950
Alleghany & West 1st gtd 4s._
1998
Allied Stores Corp 4 As debs..—<.1951
Allis-Chalmers Mfg conv 4s
—.1952
Am & Foreign Pow deb 5s———2030
G Chem
Amer I
101Vi
101
(May).;———_/Am Internat Corp conv 5'/2S—1949
American Telephone & Telegraph Co.—
3'As debentures.i.
——.1961 *
3As debentures.——
1966
3s conv debentures...
1956
Amer Tobacco Co deb 3s——
1962
Am Wat Wks & Elec 6s series A...1975
AAnglo-Chilean Nitrate deb
1967
Ann Arbor 1st gold 4s
!
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B
1955
1st sink fund 4s series C (Del) .1957
7s income debenture
1978
M-S
103
Stamped 4s
.
Conv gold 4s of 1909
——1955
1905.—
4s of
Conv
gold 4s of 1910
.——I960
Trans-Con Short L 1st 4s_„—.—1958
Conv
95 A
95%
•
74A
•
'
104%
Carolina
1965
1081/4
Carriers & Gen Corp 5s
89%>981/2
-
Cart ft Adir
Celanese
Celotex Corp 3%s
101
ACent Branch U P 1st gold 4s
^Central of Georgia Ry— ,
1021/4
99
72
«
A 1st
101A
*•87
17
'67
>16
1
104 A
105 A
64
104 :*2
107%
86%
1041
a
91
>
92
Oct
Ref ft
Dec
1
19
& gen
Ref
Dec
to
ser
Illinois Light 3y2s
t A Cent
New
x A Central of N J gen gold 5s
5s
110
9
63
86 A
5
10
Bangor
Con
'
"
106 A
Buffalo Gen Elec 4 As B
Buffalo Niag Elec 3 As series
General
Stamped
A
Certificates
F-A
>
M-N
j-j
109A
110 '/a
110%
112 A
Illinois
101
F-A
M-N
' f-a
M-N
M-N
J-D
M-N
98%
389
83 A
96
101
42
98%
90%
83 A
69
15
35 A
105A
101
89%
148
40%
35
100
-
37
36%
Bush Terminal 1st
Consolidated
A-O
...
A-O
:
—1955
-
j-j
1960
5s—
Bush Term Bldgs 5s
—
1952
4s
-
247 "
139
91A
89%
91
i 105%
•;
70%
88 A
73%
91A
51A
3As
1968
California-Oregon Power 4s
1966
Canada Southern cons gtd 5s A—1962
■p..
Elec
Power
frmi-nntoj;
see
oage
1468.
106 A
107%
108 A
17
106 A
108A
121A
122 A
120
120
..1946
Division
'1st
A-O
A-O
A-O
J-J
♦100%
•
?,
—
F-A
1971
F-A
100%
98% T—( o o
(conv)
inc
mtge
Chicago ft Erie 1st gold 5s
44
184
209
vt
84%
92%
48%
127
4
125%
127
86
87
45
76%
87
51%
51%
53
41
47
60 A
70
69
70
16
50
71
65
63%
65 A
58
47 A
67
61%
59 A
61%
76
45
63
12
J-J
12v*
18
10 A
14 A
13
14
10 A
14%
57 A
56 A
52%
670
41%
58
124
46%
...May 11989
J-J
gold 3As series B_.May 11989
4Vas series C
May 11989
AGen 4'/2s series E
May 11989
j-j
AGen
j-j
May 11989
J-J
85%
84
85%
1975
F-A
56%
55 A
57%
Jan 1 2000
A-O
16%
15%
16%
.1.058
AGen
58
,,
series
4s
A
J-J
j-j
M-N
•13
J-J
4%s
AGen
P
series
52%
51A
52 V2
227
41'
52%
52 A
51%
52%
41A
52%
39
38 A
39%
898
31A
41
82
130
64
tChicago ft North Western Ry—
AGeneral gold 3'/2s
82
94%
96 A
79 A
81A
74 A
76
36
69 A
78
83
84%
242
76 A
86(4
84
J-J
83
84 A
128
76 A
86'/a
40
77%
87%*
908
45 A
59%
11%
17%
M-N
1987
1987
1987
1987
A4 As stamped
1987
§ ASecured 6»/2s
1936
A 1st & ref gold 5s
...May 1 2037
A 1st ft ref 4«/2s stpd..—May 1 2037
67% >
79
-•
registered
AGeneral
69
82
57
registered
AStpd 4s n p P'ed inc tax
AGen 4%s stpd Fed inc'tax
AGen 5s stpd Fed inc tax
69
97
56%
79
.Vij
'-i'
y-
f
25
74
83 A
83
51A
84
■2
73 A
84
51%
51%
10
49 A
51A
98%
99 A
83 A 7 83 A
*99 A
128 A
4s
4s
79
67%
".;•;,77
—
128% 128 y4
•■>S'
128'
•
ref
ft
129%
A 1st
A Conv
4Vis
105%
20
100 A
100%
100% 100%
10
100
101
1st & gen
106
2nd mtge conv
14
104 A
3
105%
7
101%
103 A
,< 1
104%
106
105A 106
105% 105 A
102% 103 %
105
105
•"
105%
*103%
97
-
50
92 A
101
...
87
88 A
39
60
60%
90
56
108%'
108n
83%
52 A
89 A
62%
56 A
6
41A
58 A
108%
3
108 A
109%
*102%
104
Railways
5s
1st
paid
104
8
103
104 A
108
1927
_
gold 4s___
ACertificates of
104% 104%
1st
112 A 112 A
1
111 A
112A
109
109%
mtge
Chic ft West Indiana com
ft
80
27 A
79A
90
4s
series D._
ref 4 As
103 A
"TO
.943'
rgi
Co deb 5s._
39
1
21%
29
21
28
;n|957
tAChoctaw Ok ft Gulf cons 5s—rrrJ952
Cincinnati Gas ft Elec 3'As.
'4.I966
1st mtge 3As
.11967
93
Cin
80%
33
69
82
90
15
86
90
103 A 103 A
4
108% 109 A
17
99 vt
8
99
..1963
;n79r'3
;Xl952
89 A
28
101A
109
95%
103 A
109%
100
59
J-D
58%
58
14%
14 A
15
2
§ADebenture 5s
1st gtd 3As D_„1971
1st mtge gtd 3%s series E
1969
Cleve Cin Chic ft St Louis Ry—
General gold 4s
1993
Union Term
Ref ft impt 4V2s series
Cin
E
Wab ft M Div 1st 4s
St L Div
1st
coll tr gold 4s
1993
1977
1991
1P90
50""
? 96
'
61%
59
M-N
j-j
102 Va 102%
102 A
j-j
66%
66%
72 V2
73
74
73
73%
67%
72 A
f-a
j-j
raO-J 4Q1/.
1;
78
5
"
17%
101%
103 A
65 A
••
597"
180,
68%
72 A
81
61A
08;
491
fini/„
11%
^73
73
43 A
61
I'Wft
'
75
" -73
36 A
39 A
45 A
51A
48%
147
9%
10 A
109
8%
94%
J-D
94%
1
90 A
95
84
89
80
*73
J-D
11%
79%
79%
80
7
64 A
80
J-D
"
84
1
84
84
84
72%
J-D
10
59%
77
5
59
74
18
109
110 A
102 A
105
74
J-J
j-j
j-j
m-s
A-O
A-O
71%
104 A 104 A
3
105% 106 v4
34
1051/4
8
"
E'lOS
105
A
104
106 v*
104%
IO51/2
74%
9
55
72%
29
53
68 '/a
22
59 A
108% 108%
1
108(4
109A
110
111%
71%
73
r
72%
73
67*/2
y
72 A
F-A
♦111%
J-D
74
70
110 A 110 A
4
109%
110 A
112 »/4 112 v*
110 A
F-A
J-D
71%
109% 110 A
0„,110A
M-N
M-N
74
71%
M-3
1.,
Union Station—
3%s series E
1st rntae 3 As series F
1st
27 A
57%
deposit
Chicago
107
27 A
58%
58
42%
112%
*90
58 A
J-D
73
gold 4 A«
-
V«Oi
J-D
deposit
of
ifiifiRt//>i77
liioi
47%
102
27 A
93%
43
104
27 A
'64"';^ 76 A
3
38
3(VJ'
11
M-N
48 A
5
56
5
77%
M-N
10 A
9
44%
i •
79 A
M-N
41
102
'
78
78 A
78 A
M-N
A-O
101A
55%
77%
M-N
M-S
101
54%
•>;;!
76
1952
1960
Chicago St L ft New Orleans 5s
1951
Gold
3 As
1951
Memphis Div 1st gold 4s.
1951
Chic T H ft Southeastern 1st 5s__.1060
Income guaranteed 5s
Dec 1 1960
112 A 112%
54%
76 A
76
i..__1934
A Conv
101A
*103%
,l'$i •'■:■•
83%
74 A
•—
76
stpd
——1988
4s
8ARefunding
112 A
94 A
76
M-N
Pacific Ry—
SASecured 4y2s series A._
*92
88%
oar),
1989
income 4'/2s w i—1999
mtge 4s ser A w i
ACertificates
97
103 A
194Q
JChicago Rock Island ft
AGeneral
103
97
tS^Chicago
?5%
.May 1 2037
C
4%s series A
100% 100%
100%
747/
75%
M-N
,87
130
M-N
1987
£
74%
M-N
1987
1987
3As
81%?"?; 80A
5s
adtustment
AOnnv
295
series A
Mtge gold 5s
96%
96A?
84
,
tChic Milw St Paul ft Pac RR—
A
19
:
80%
j-j
1
52%
56 A
J-J
A.._.
ser
63%
90
127
56 A
?,
.J-J
ARefunding 6s
95
100%
87
J-J
fM-N
Louisville Ry—
&
103
104%
98
:_1947
A Refunding gold 5s
series B-..1947
ARefunding 4s series C
1947
;
A 1st ft gen 5s series A
j;.._1966
A 1st ft gen 6s series B_____May 1966
Chicago Ind ft Sou 50-year 4s.._,.„1956
JChicago Milwaukee ft St Paul—
Ind
105 y2
103
2038
mtge 4 As
inn
AGen
tChicago
100%
103
-
95
92 A
104
100'/2
31
104% 104%
94%
102
—
104 A
__
104%
M-3
12
104 A 104%
104 A
•"'
■
1977
.1997
...1982
Chicago Gt West 1st 4s series A
1988
A Gen
30 A
21A
493
104
103
i-j
1949
....1949
series A...
—
29%
28%
29
1949
»
4s
•
"
...1958
ref/5s
ft
A-O
1949
*120
J-J
1949
-I
*122%
J-J
1989
.
136
J-J
1989
General 5s series B
California
9
108
Chicago & Eastern 111 RR—
-
•
-A-O
gtd
107A 107 A
gold 4s
registered.../.
t§AChilds
'.J.1934
101%
132 A
107 A
;
AGen
105
88 A
86%
88
J-D
M-N
100
11
108 y2
1st & ref 4 As series B
43
33%
2
*105% 105%
F-A
C_.1967
17
F-A
4s
General 4s
fe
,V 101A
104 A
82 A
J
41
J-D
...—1981 ,
deposit
4s
.
101
1st
Illinois division 3Vis
3As registered
111
97%
>
J-J
F-A
*">A
M-S
M-N
A-O
J-J
M-N
101A
101
M-N
1st 4s_,
cons
A Div
2d consol gold
,
5
35 A
,
J-D
A-O
A-O
J-D
A-O
A-O
79 A
Chicago Burlington & Quincy RR—
ft
Potts Creek Br
'
J-J
J-J
75
135 A 136
110y4
98%
101
5
135%
109%
105 A 105 A
83%
89
78%
101
108 A
101 ^
A
100
96%
74
78 A
M-N
103 A
100
1
151
89
m-s
106 A
>1
n.
100A
87%
M-S
41
1
108 A
100
103 A
100 A
89
f-a
30 A
107 A
1992
..*1996
1996
x A Chicago ft Alton RR ref 3s
y
& Pgh Ry—
of
102
103 A
a-o
27%
26 A
107% 108
a-o
f-a
35%
24
~1
34%
*23%
1948
A
gold 4y2s
impt mtge 3V2s D__
impt M 3 As series E
109
*100%
modified
§ A 1st & coll 5s
34
J-J
Chesapeake ft Ohio Ry—
*105 A
M-S
: £ •
(interest 1 at '
3% to 1946) due
1957
JBurlington Cedar Rap ft Nor—,,
Buffalo Rochester
34
1061/4
*100%
M-S
series RR————1960
4 As ser A
July 1970
1955
34
122%
110 A
57 A
Air L 1st 4s
37 A:
110 >/a
45
*111A 112 A
A-O
,—.-1956
Beth Steel 3 As conv debs
—:1952
Consol mtge 3As series F
1959
Consol mtge 3s series G_
1960
Consol mtge 3As series H__
1965
Big Sandy 1st mtge 4s
1944
Boston ft Maine 1st 5s A C_
1967
1st M 5s series II
1955
1st gold 4%s series JJ—
1961
mtge
29 A
118%
*102
M-S
J-D
M-N
J-J
J-J
M-S
debentures.——
A Inc
36
Ref ft
.-"■110 A
1951
fABoston ft N Y
36%
Ref
2
J-D
Bklyn Edison cons M 3 As——1966
Bklyn Union El 1st gold 5s___
1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A
1947
Debenture gold 5s
1950
1st lien ft ref 5s series B—
1957
36
.1987
^.1962
Power 3%s
5 As
92
39%
36 A
1987
Prod
112
111%
*111A
83%
106 la
110 A 110A
M-N
Cin Div ref 4s
mtge 4s
30%
30
1141/4
108
J-J
J-D
J-J
J-J
-
4s
1st
26
90
112%
107 A 108
J-D
,
Battle Creek
2%s
28
*26
16%
33
105 A
52%
ref 4s
56
91A
4
121% 122%
/./.J-D
stamped...——
.1951
ft Sturgis 1st gtd 3s__1989
Beech Creek Extension 1st 3As—1951
Bell Telephone of Pa 5s series C—1960
Beneiicial Indus Loan 2 As
—.1950
-
53
38
•41
110 A
M-N
J-D
A...——1959
ft Aroostook RR—
Toledo
16 A
56 v*
>53%
36%
;
*107
j-d
Pgh LE &WVa System—
Ref gold 4s extended to.—1951
S'west Div 1st M (int at 3A%
to Jan 1 1947) due
1950
13%
12 A
1987
R ft
D (int at 1 % to
Sep 1 1946) due—
2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
—1996
A Conv due
?
Feb 1 1960
~f;
12 A
49
91 Va
113% 114
122%
Ref ft gen ser
>
37 A
22
91A
110 J*
1995
due
75
13 A
37
105% 106
113%
A
13 A
13"
J-J
Certain-teed
861/2
102 A
50%
48
13
A-O
§ A Central RR & Banking 5s stmp_1942
76 A
91A
J-J
69 A
105
80 A
47%
J-J
Pacific 1st ref gtd gold 4s_1949
Through Short L 1st gtd 4s
1954
Guaranteed gold 5s
I960
"
'
67 A
16
1987
4s_
N Y
53
83%
A
2
1961
registered
102 A
*104
101A
103%
13 A
J-D
Central
107
86
4s
Central
6
105 A 106 A
86
106 A
/ /
104%
65 A
106
48
A-O
.1966
1st gtd 4s
Eng
registered
109A
103%
64
52
104
6
67-
67
82
65A
3
17
103% 103%67 '
/
-
107 y4
A-O
'
1959
Central
108
•
104 A 104 A
104 A
■'
115 A' 117%
36
32
109 A 110
(int at 1A%
C
1 1946)
1959
f> AChatt Div pur money gold 4s__1951
AMobile Div 1st gold 5s
1946
109A
111
64%
64%
■
110%
107
-
-
111 '
98
109 A
M-N
.1945
5y2s series B.j
ARef & gen 5s series C_
104 Vo
107 A
117 A 117 A
*106% 107-
F-A
100 A
48;
103% 104'%
1995
due
J-D
■92v*
108 A 103 A
108% 109'4
2
104%
6
119%
101%
105%
100 A
19
J-J
1948
...Nov 1945
mtge 5s
ARef & gen
tr
107%
•
104 A
110
95%
10015
104
110 A 110 A
j-j
1955
§ A Consol gold 5s
99%
106 A
117%
(int
1946)
debs.
103
107
>
84 A
104-'
A;
110
f-a
.1962
76
"
11
108%
at 4% to .
.•';>y.
1 1946) due
July 1948 ;>>A-0
gen ser A (int at 1% to
gold
mtge
r 1st
1981
debs___„.
102
Stamped modified bonds—
;
gtd gold 4s
Corp 3As
111%
4
m-n
.1950
w w
101
>104 A
a-o
Nov
July 1948
gold 4s_.
1st
Ohio 4s
110 A
104
m-s
Clinch &
113A
12
"
45
:
117 vb
111%
104% 10445
j-j
4As
7-
....
looss-'iooij
m-s
94
90%
A,
115 A
104 53
j-j
trust
1
95
J-j
1954
1049
••1L
ft Ohio RR—
mtge
1944
gold 5s
trust
Collateral
B
1st
deb stk perpetual
equipment trust ctfs.s,
Coll
__
—
B_?—.——1944
1st mortgage 3%s
1963
Atlantic Coast 1st cons 4s
July 1952
General unified 4y2s A
—1964 •
L & N coll gold 4s
..Oct 1952
Atlantic & Danville Ry 1st 4s—-—1948
Second mortgage 4s_.
1948
*
Atlantic Refining deb 3s
1953 v
Baltimore
5s
' ;104%
AGeneral
F-A
J-J
A-O
5s series
30-vear
f-a
I960
103 A 103%
109
q-j
M-S
gold 5s_—1946
Charl A L 1st 4Vis A
1944
1st
Can Pac Ry 4%
106% 107
m-s
A-O
M-N
Jan
Atl Knox ft Nor 1st
Atl &
110A
132
A
j-j
1995
...1995
...1955
—
110 A
100A
:/A-0
j-d
Fe—;
——_——.——1995
Adjustment gold 4s_.
110 A
75
&
Atchison Topeka & Santa
General 4s
j-d
i
.
xi^Carolina Central 1st gtd 4s
;
(April)——
bonds
1951
.
97 A
,92
m-N
...
Called
4As
Canadian Northern Ry deb 6yas___1946
"
i04A
bonds
Called
gold
112% 113 A
101A
104 &
29
113 A
103
105 A 105 A
104
118 y2
116% 116%
f-a
1
96 A
.96%
117%
117
Guaranteed
*
74%
'
117%
116
1
"■
j-j
1955
103%
100% 101%
F-A
M-S
I.. 1949
5'/2s.
conv
'x
r
116
5
A-O
891/2 100
101%
9
118 A 118 A
'
,1956
100 y2
;
—
117% 117%
'"',117% 117%
;117A
4%s___„.._
107 %•
97% i
107
4 As
22
99%
105 A
gold
103A
*93
6
gold
100%
A-O
•.
j-d
118 A
105 A
Guaranteed
.
69
—
*102
A-O
A-O
A5s
j-j
5s_____
-1
•-'
*93
r
j-d
——:——-.1949
.1950
modified...
5s
A-O
A-O
A-O
A-O
,
1969
.1970
116%
Guaranteed
109
103
108 A 108 A
108]
•"
3 As
"
.
5
103
103
M-N
j-j
3-fesi'.—1972
mtge
Alleghany Corp—
5s modified—
4'
6
70%
69 A
.69 A
Oct
gold
tiigh
IJKJW
111A
1
Guaranteed gold
~
103
j-j
5s
> 105 A
j-j
July 1969
no
hign
15A
109
F-A
1st
Guaranteed
1957
5s____
gold
>
•
gold 4 As.
Guaranteed
117 a
•
January 1
Sold
Bid & Asked
Low
Range Since
Bonds
Thursday's
or
•
62
10
j-d
10-year deb 4,As stamped-.:
1946
Alabama Great Southern 3y4S^___1967
Power
Last
Sale Price
17
■'*>_.,• ■••'>14%
J-D
J-D
M-S
—___.1953
—.1953
Express coll tr gold 4s__
1948
series A plain
Albany Perfor Wrap Pap 6sj—1948
6s with warrants assented——1948
Canadian National
'»
72
*
Coll trust 4s of 1907
'
-
,
Stamped
Alabama
New York 6
1
Thursday Week's Range
Interest
Exchange
1
66
10
■'
Adams
> 71
66 A
* 59
" •
'«■1 *62
...
F-a
F-A
JAbitibi Power ft Paper—
A
Stock
71%
60
67%
'
J-o
65 %
•
60
62
f-a
.
22
71
a63
■-"r':-%j-d
w~i—1984
AWarsaw (City) external la——1958
A4Va8 assented
.——1958 !
§A5s
"
Bell Teletype—NY 1-310
BONDS
York
New
70 A
M-N
J.979
conversion
and
"*
Telephone—DIgby 4-4933
Period
extl readjustment
Railroad
York Stock Exchange
New
-Ah-l
..
1937)—
3%-4 V8-4.fr extl conv_____—...1978
4-4A-4As extl readjustment____1978
3 As
Broadway
>91
M-D
„_1964
readjustment..
External
V
Members
61
95
___.:___1960
($ bonds of
3%s-4-4As
PFLUGFELDER, BAMPT0N & RUST
,■
13
*95
fund 6s_._
AExternal sink
•;
-
>
r;w: 17%'
*13 A
s
sink fund 6s
A External
5
.
is
v>
f-A
F-/L
f 5V2s
:_____^_1955
Uruguay 1 Republicf extl 8s
?
1946
a
*■
,
9dJ
16 A
J-D
A4V2S assented...
Sydney (CityI
:
'
'.17
12
request
written
on
.
63
11%
16
M-N
i.'.lyod
..1958
_
oil extl-la...*
(Pro v
44
."'35'/a
56%
•m
•
A
Circular
30
18
61% * 63
63
-
44
(Kingdom* —
external
secured
A-O
44
38 A
37 A
Income Bonds
New Railroad Second Mortgage
34V'2
39
Prospective Prices of the
A Discussion of the
40
30
''
lASecured
35 Ya
1
<•
381%
*35 A
M-S
.1968
:
34 A
1
*42
J-J
1956
extl dollar loan
34
.
7
APRIL
January 1
bom
High
Vo
39
J-J
..1950
loan
A7s
39
ENDING
Range Since
Sold
High
M-N
1936
8s__l
low
39
M-N
1957
A6l/as extl secured s f
lASan
Bonds
Sali Price Bid & Asked
Period
BOND RECORD
WEEK
FOR
RANGE
1465
FINANCIAL CHRONICLE
1
112y4
112 A
33
88%
94
97
97
100
100A
J-D
97
100
71A
J-J
69%
68%
69 V2
182
57 A
64%
16
67%
64 y2
64
53%
J-J
17
82
92 A
92
M-N
i
et ■
Srlt-;'
92'/a
THE COMMERCIAL & FINANCIAL CHRONICLE
1466
NEW
YORK BOND RECORD
RANGE
Last
Interest
Stock Exchange
Low
3%s
Coal River Ry
Low
107'/a
y
8
;
F-A
Income deb
101
Illinois Central
99% 101
61
93%
90'A
84
(
90
M-N
63 Va
M-N
101
83
90
..
59
63
103
105 Va
41
63
•1V%
*109%
M-S
,
F-A
v
•
'
64
105
A-O
•
*109
Extended
.
1958
J-J
Consolidated Cigar 3'As s. f. debs_1953
Consolidated Edison of New York—
ref 4Vis
110
1954
—
4s
4s
ADebenture
113%
__
1st
131
111
Springfield Div 1st gold 3'/as
110%
17
mtge 3Vis
1st
mtge 3 Vis
mtge 3%&Crane Co 2 Vis s f debs
1st
102% 102%
receipts
A7Vis series A extended to
A
103%
105%
107%
107%
107% 107%
3
107 "A
108%
104
104
1
103%
105%
59
45%
59'A
A
57
45 Va
59
A 1st
104
*_.
*_.
——
46%
59
58
M-N
108% 108%
M-N
110% 110%
M-N
A-O
10
107%
108%
108%
110
Int Telep Si
103
103'A
103
5
J-j
—
50%
*71%
J-D
8
51
51%
1946
J-D
1955
A-O
107%
10
40
5
100
89%
52%
53%
54
79%
105%
56
6%
5Va
48 %
3
5
5 Vi
48
48
1st
Fort Scott
&
City
Term
1st
&
ref
48
31
.
4Vis series A
108%
Gas
3'As
37%
110
-■
71%
85
79'A
78%
79%
84
69'A
79%
83%
84%
90
72%
J-J
108 Va
108 Va 108 %
6
107%
84%
109%
J-J
114%
114%
J-J
62
J-J
97
J-J
1
notes
Light extd 5s
series
Mich Sou
&
gold 3'As
_
-M-S
•
101%
16
92
101% 101%
14
:
1st
5s
91
99%
1st
101%
174
108 Va
109
109%
*109
104 Va
llOVa
*3%
4
A-O
100% 100%
106 Va
Lehigh
4s
104%
Leh Val
Lehigh
75
M-N
104
103% 104
13
102
10
103
103
117
130
103
*127% 133
100
M-S
I'
99% 100
52
51%
52%
50%
—
98%
6
.
§0%;
103
42%
52%
42
1
50%
M-N
12
__
12
J-D
12
12%
17
12
11%
11%
2
M-N
98
103
103%
98
97%
2
102 Va 103
107
106% 10/
Harbor Term
Valley
stamped
ref
13
102'A
103 Va
J-J
•vfl:
77%
105%
97%
14%
34
12%
V 98%
98%
10
89%
99%
66
87
"77%
78
8
J-J
.1961
A-O
.1969
M-N
*97
105
;
—
105
104
*110% 111%
110
105 Va
111%
goldis"
.1937
M-N
~
.1954
M-N
.1962
J-D
.1949
M-N
*131
91%
91%
*__
67%
65%
133
130%
91%
67%
*116% 117%
131%
85'A
174
92 V2
103%
105
105%
56
116%
•
*43
33
120
44%
34
46
.
-
43%
37
114
48%
35%
46%
42 JA
64%
55
78
103
125
1
123%
125Va
106
2
105%
107
103
103
12
103
104 3*2
121
J-J
125
106
125
121
1
120%
122'A
F-A
*108
*104
1949
■
M-S
A-O
series
A—I969
J-J
104
105
104%
105
104 Va 104%
104 Va 104%
119% 120
F-A
1963
Elec 3%s
•
36
103
98%
series
B
2003
110
103
2
9
3
4
105
103 Va
104
105
104
105
/105
119»A
102
120%
103%
103%
98%
110
41
99%
30
93%
6
109'A
110
102
102'A
110
*102'/a
series
D___
A-O
2003
%s. series C
A-O
_2003
;
—2003
107%
106 Va 107%
A-O
105 %
105
A-O
102
1950
1960
4s series B ext
106
99 Va
Montg 1st gold 4'As——1945
M-S
&
10
7
108
104
107%
99'A
105%
102
132
94'A
102
6
107 %
4
102 %
106 Va
97 Va
8
101
*103%
1952
J-J
1955
Cine Div 4s
105 Va
1C6%
107
J-J
F-A
Ry. Joint ftionon 4s
106
•
6
102'/a 103
J-J
M-S
97 Va
96%
103
M-N
104% 104 Va
*111%
104%
98
104
*104
104 Va
94 Va
104%
107%
11
__
104
101 Va
112
104%
112
M
Maine Central RR 4s series A
Gen
67%
117'A
1945
Sugar 4s sink
J-D
98 Va
97%
98 Va
38
90%
98%
—I960
mtge 4'As series A
J-D
63
63
63 V2
10
52
65
M-N
74 Va
73%
74 Va
17
68%
77
fund__Feb 11957
f 5s
1953
M-S
*57%
(Southern Lines) 4s
1959
tfAManitowoc Green Bay & North- ?
M-N
*32%
s
:
AManila RR
Marion
J-J
—r
•
46
1980
western
H
.1999
&
5s
A Manila Elec RR & Lt
105
—
43%
47%
75 Va
17
t
78%
53%
—1946
Manati
.1952
80 Va
74
& Mem Div 4s
Knox
69%
64 Va
53%
Div 2d gold 3s
Atl
56
27
75%
Paducah
South
32
76
53%
St Louis
&
66
A-O
;
Unif mtge 3%s, series A ext
Mob
65
mrnlm
'"14%
J-J
2015
111%
100
5s
Unif mtge
70%
5
77 Va
42
46%
M-N
1951
J
1st & ref 3%s series E
113%
105%
ref
79
70
Nashville RR—
4
102% 102%
..1975
&
4s
&
75
65%
M-N
M-S
ref
—
*
'•»—
M-S
ref
—
42%
*41
_1966
&
91
43
46%
Bridge Co gtd 4s___—1945
Jeff
&
102%
Ship Island RR—
&
1st
111%
—
M-N
M-N
1962
gold 4s
Ark 1st
1st
■
111%
—
__1944
4s series A_;
1;;
107 V4
'
108%
396
2003
(P) Co deb 5s
1st
J-J
66
74%
2003
stamped
Louisville
1946
97%
76
2003
debentures
9*>
104 %
*62%
66
J-J
—
1951
gen
Gas
Lou
103
78%
F-A
r_2003
modified
&
90'/a
71
?:
10
'
M-S
102%
"96%
—
M-S
20
.
F-A
97
86
84 Va
5
__
77%
77%
63%
2003
modified
registered
Guaranteed
4s
90
77
*71
77%
1949
103% 104%
.
90
A-O
98%
95
2
RR—
modified
registered
Miami
»-* O O
'
67
86
1950
ext
'
—
1954
gtd 5s
4%s
•
97
*71
1949
104 Vi
14%
1974
,
*90
F-A
1974
61%
•
97
«•—•
1964
61%
*102
--
1964
.1
Y
F-A
1954
sink fund 5s
Valley N
M-S
1954
fund 5s
A-O
1945
Long Island, unified 4s
J-J
J-J
_1965
13%
_1946
Feb
92
103
debenture
5s
103%
104 Va
Feb
89 Va
102%
102%
stamped
Little
■
.
13
A-O
9
6
92
60 Va
1950
14
113%
96%
92
61%
Long Dock Co 3%s ext to
98 Va
113
93%
97
Liggett & Myers Tobacco 7s
'
109% 110
113%
18
97 V8
68%
105%
33
——
96%
22
22 Va
'
100
96%
21.
48
5
15
*99
J-J
101%
13
100
98%
19
Louisville
102%
98%
3
92
14
J-D
J-J
49
99%
96%
A-O
'
*103
99%
99%
Dec
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern lst'50-yr 5s gtd
_1965
Libby McNeil & Libby 4s
1955
100
1
99%
102%
5s stamped
104
103
M-N
99%
102%
stamped—
103%
64%
79
92
174
107 Va
—
108 Va 108 Va
102
ref sink fund 5s
V 5s
102
1017/a
25
1468.
90 Va
*94
*175VT
101
sink
ref
&
106
156
234
71%
105%
page
98
102%
stamped
6
69%
110% 111%
A.
98
102%
stamped-—
5s
;
4
103 Va 104%
ref
&
1st &
93%
.
103% 104%
series
1
J-J
1067/a
82%
80
91%
*91%
— —
"3
106
91
91%
105
isc 4Vis
98
J-J
106
106
'
'A-O
111%
stpd
97
98
1954
102%
104 Va
f 4Vis
62
91'A
1954
102%
105%
Gulf States Util 3Vis series D
51 Va
4
__1975
*102% 102%
—
J-J
AGen mtge inc 5s series A
J-J
"3
income reg_^
s f 4'As A
Lehigh & New Eng RR 4s A
103% 103%
1967
A-O
62
97
fund 4lAs series C
mtge
Lehigh & N Y 1st gtd gold 4s
Lehigh Valley Coal Co—
J-.,
Debentures ctfs B
Gulf Mobile & Ohio 4s series B
J-J
1945
148%
M-S
A
—
62
96%
,
.
1961
registered..
A 1st
106 Va 106 Va
AGreen Bay & West deb ctfs A
*114%
1954
107%
1977
mtge 4s series G
Gen mtge 4s series H
Gen mtge 3%s series 1
1950
1997
112%
1976
series E
84 Va
Lautaro Nitrate Co Ltd—
69'A
1961.
General
see
86 Va
84 Va
1961
106
General 4 Vis
footnotes
72 Va
*98% 100
A-O
1987
148%
I
General 4Vis series D___
For
99%
48
1936
1960
110
112% 112%
J-J
cons
98%
86 Va
A-O
Ry—
83%
4s_
*150
—'
—
J-J
Ry
99%
100%
Laclede
1973
Houston Oil 4 Vis debs
Hudson Coal 1st s f 5s
77%
95%
51
31
100%
1952
|§AHousatonic
58%
10
99%
41
28
General 5Vis series B
rtj
20
Va
5
3%
General 5s series C
vauey
75%
99
111%
98%
*106% 107% '
__
—
—
J-D
s
75
98'/a
98%
J-D
1947
s
85
3
106%
24 Vi
29%
Gulf States Steel
77 Va
31
107%
104%
28
68
5s
453
4%
___1997
?8%
M
85 Va
3%
103
104 Va
-
67
ref Term
81%
36'A
109 Va 109%
J-J
&
82%
85%
♦88
109 Va
J-J
1st
74'A
J-D
J-D
&
342
1997
1956
Gulf
~4
82 %
3%
11
t A Georgia & Ala Ry 5s
Oct 11945
fSAGa Caro & Nor 1st ext 6s
1934
Northern
100
101 Va
78
M-S
21
51
Goodrich
Great
99%
101
Lake Sh
1949
Grays Point Term 1st gtd 5s
101
*97 % 100
1959
Louisiana
4Vis
108'A
81%
108%
1949
Castings 5 Vis
105 Va
105
F-A
107%
—
5s
104
JAKreuger & Toll 5s ctfs_
3s
cons
65%
2
21
106 %
104%
1956
1958
57 Va
129
.
103 Va
Lorillard
1st
M-N
61%
104
111
J-J
1982
59%.
J-J
108%
-
of deposit
Machinery Corp 3s debs_
Francisco Sugar coll trust 6s—
F)
104
105% 106 V8
lOGVa 106 Va
M-N
1974
deposit
(Proof of claim)
(B
60
M-S
104
2
100
Glover RR-+-
ACertificates
Steel
A-O
J-J
M-S
J-J
-,1959
Food
Gen
57%
M-S
1971
series A__.
Berg Co
43%
A~-0
6'As
*
Gas & Elec of
69
*108
J-D
§A2-4s
56 %
J-J
1995
1st 4ViS
of
d50%
F-A
iFloriaa
&
53
1950
110%
100
J-J
5s
J-J
F-A
lAFlorida Cent Sc.Peninsular 5s—1943
& ref
57%
1961
4'As
A Certificates
24%
43%
1954
4'As
A 1st
16%
83
1961
1st
unguaranteed
4s
JFonda Johns
374
Kresge Foundation 3%
!,."f
-East Coast
22 Va
53%
Koppers Co 1st mtge 3'As.
1947
1958
61%
287
21%
50 Va
49 Va
2015
1961
47 Va
61%
22%
1953
J-J
Fliutkote Co 3s debs——
103 Va
53
1960
A-O
Firestone, Tire & Rub 3s deb
d54%
60
101%
2
105%
.
3 Vis
103
106%
J-J
•
4Vis
*
M 4s series B
58
62
69
104%
A-O
C
1962
mtge inc 4 Vis series A.
1st 4s—
44
12
J-J
A-O
1970
N Y & Erie RR extl
103
J-J
5'As
1965
mtge
A-O
5Vas series D
J-D
■
61 Va
*105Va 106
ref
2%s debs..
Railroad Co—
61 Va
*108% 110
ref
1950
1st
61 Va
A-O
&
A-O
,
J-J
M-S
72 Va
Apr 1950
Kings County El L & P 6s
Kings Co Lighting 1st 5s:
•
J-J
•
100%
1952
Mem
5s__
Plain
6'/a
4>/a
4
31
M-N
Ohio Div
68%
98 Va
&
1956
/
52%
12
Coll
1948
Empire Gas & Fuel 3Vis—
.
123
Coll
1995
cons
63%
100 Va
102%
1st cons gold 5s.
A Gen
62 Va
lOO'/a 100%
63 Va
J-J
102
Nor Div 1st 4s—
1st
J-D
*102% 102 Va
& Ga Div 1st 5s.
Erie
69
M-S
(NY)
1965
91%
89%
67%
109%
51
M-N
East Tenn Va
1st 5s
78%
57%
87%
40%
H
110 Va
100
J-D
J-J
stamped
2
184
89%
'
East Ry Minn
5s
-.76%
•
1961
impt
Cons sink
El Paso & S W
67%
■
102%
104% 104%
J-J
Elgin Joliet & East Ry 3 Vis
72%
65
'
68%
J-D
& Clear
Kentucky Central gold 4s
Kentucky & Ind Term 4'As-
8
6%
*111V8 lllVi
J-D
J-D
1965
—
6
'.
1947
Lehigh Codl & Nav
Elec Auto-Lite
72%
76%
*92Va
J-J
56
48%
*110
71%
76
•
"71%
J-D
1961
&
1st gtd
Steam
v
81%
59%
72
'
1959
55
46
5
M-S
gold 5s—1937
1st M 3Vis
45
7
*105%
A-O
Tunnel 4%s_
1961
Dow Chemical deb 2Vis
1950
Dul Miss & Iron Range Ry 3Vis—1962
Ed El 111
72%
4s
Ref
105%
112
48
M-S
&
t§ADul Sou Shore & Atl
53%
A-O
1978
1947
1965
Gen & ret mtge 3Vis series G_—1966
Gen & ref 3s series H_„
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASeconu gold 4s
1995
,
72
*70%
'
76%
Laughlin Steel 3%s
&
JKansas City
90
5
56
F-A
—
—
impt 5s series B
.4
90
79%
t"i F-A
F-A
108
291
90
J-J
F-A
100
97
*83%
SL
J-J
Kanawha & Mich 1st gtd gold 4s__1990
52
101%
105%
3
105% 105%
J-J
——1955
64 V8
48%
168
88
'
J-J
•
1972
Teleg deb gold 4'As
Stamped
JADes Plaines Val'lst gtd 4Vis
Detroit Edison 4s series F
Duquesne Light
J-J
F-A
M-S
Kansas
90
61%
99% '
88
v
K
101
107% 107%
A-O
60%
.
?.*97
.
1955
Jones
J-D
M-N
60%
88
1951
Grahue RR—
AGeneral s f 5s
Detroit Term
83
53
54
50%
101
101
J-J
§ A 1st consol 4s.
1936
5AConsol gold 4Vis
—1936
iDenver & Rio Grande Western RR—
&
67 V*
James Frankl
68 Va
52
50
50%
deb
Dayton P & L 1st mtge 3s
'970
Dayton Union Ry 3 Vis series B—1065
Delaware & Hudson 4s extended-—1963
Delaware Power & Light 3s
1973
A Assented
92
82%
1955
§ARefunding gtd 4s
ACertificates of deposit
Kansas City Southern Ry 1st 3s
A Ret
82%
*63%
— —
receipts
& Rio
80
"
Curtis Publishing Co 3s
JDenver
76
jAIowa Cent Ry 1st & ref 4s
58%
39
_
74
60 V2
71
41
2
*65
58
124
54%
53%
58%
14
76
1947
Debentures 5s
62
62%
74%
58%
—
20
73
73%
1944
Ref sink fund 6s series A
99%
38%
59%
50
58%
95%
46
99%
79%
72%
..
1950
Int Rys Cent Amer 1st 5s B
J st lien & ref 6V28
1
*57%
•
—
extended to
series B
Deposit
5
112
99%
J-D
receipts
Deposit
111
111
103
J-D
1946
109
109%
110
60%
73
76
F-A
July 1952
A 1st gold 5s series C__
Internat Hydro El deb 6s
Internat Paper 5s series A & B
108
110
797/a
109
1955
111% 111%
108 Va
77%
1951
B
1C8% 108%
111%
M-N
M-N
79%
1963
Adjustment 6s series A
1
20
"
65
77%
89
J-J
Cons Copper 4s
1952
t A Inter-Great Nor 1st 6s series A.1952
series
65
62%
77%
J-D
*■'
Inspiration
5s
97
96%
75
M-N
1st gold 4s
1950
tAInd & Louisville 1st gtd 4s
1956
Indianapolis Union Ry 3%s ser B_1986
Inland Steel 1st mtge 3s series F„1961
105%
14
J-J
1952
RR 1st 5s gold
A 6s
25
106% 107%
50%
Deposit
A
103% 104%
"
1963
1st ref 5s series A
1st Si ref 4Vis series C_^
103%
_
69%
»M-N
1951
Joint
102%
103%
J-J
receipts
Deposit
A
101%
6
107 Va
'
J-D*
1950
1955
1942
JACuba Northern Ry 1st 5Via
A
111
*
J-J
-
1951
♦Western Lines 1st gold 4s
111 Cent and Chic 6t L & N O—
113%
109%
3
•
100
102%
A-O
106?
Crucible Steel 3 Vis s f debs
ACuba
113%
—
M-N
.....1951
1951
•J '
*97Va
77%
i960
112
103%
100%
1
.
—
A-O
1950
__
101%
■
*98 Va
•
•
1953
1
;
'
•
•
0
..1953
109%
113%
A-O
33
100
M-S
___1952
19
109% 109%
A-O
1965
1967
—1970
1966
mtge 3 Vis
mtge 3Vis
1st
lines. 3V2S
102% 103%
♦101
.
«
1955
trust gold 4s
102% V
•^
.
J-J
'
>
1952
17
109%
J-J
1951
Litchfield Div'1st gold 3s___.
1951
Louisville Div fc.Term gold 3'/as_1953
113%
•
.1951
;
Cairo Bridge gold 4s
i,.
V, VI
»
1951
40-year 4%s
109
109%
Power Co—
1st
32%
gold 3%s_
110%
J-J
Consumers
27V*
^
125%
*113%
__
J-J
1955
1956
non-conv
134
Ind 111 & Iowa
deb 4s
debentures
A Debenture
28%
Refunding 5s
105%
109
__
A-O
Consolidated Oil conv deb 3Vis
debentures
JAConsol Ry
27%
1st gold 3s__«
St.,Louis Div Si Term gold 3s
Gold 3% si.
110
F-A
1946
1948
1956
1958
1951
debentures
debentures
3Vis
65%
28'A
-
••
121
125'A
J-J
3 Vis
1st
Collateral
64
108%
—
RR—
110
May
J-J
3Vis
55%
A-O
Collateral trust .gold 4s
Refunding 4s
104%
103%
111
*113%
J-D
1951
1961
3 Vi8
1
^ 1st gold 3s sterling_„_.
90 Va
52
103% 104%
104%
J-J
1968
Conn River Power s f 3%s A
.
107
1st gold 3 Vis—_
90 Vi
408
J- D
Apr 11989
Conn Ry & L 1st &
Feb 1957
63 Va
Omaha Div
3 Vis
debs
Conv
62
1951
Purchased
series I
High
63'/a
1st gold 4s
97
75'/a
97
86'A
92 %
72
97
90
A-O
rl00
Ry.—
w
w
mtge 3Vis
Low
*-A
Illinois-Bell Telep. 2% s-series A__>1981
106
95
10
Commonwealth Edison Co—
1st
January 1
No.
1957
*
Mackay Corp—
A Commercial
1st 5s A
Range Since
Sold
High
107
106
99%
A-O
1st extl 4s——1955
Columbus 8i Tol
—
A-O
May 1952
Debenture 5s
1901
Columbus & H V 1st extl gold 43—1948
Columbus ii Sou Ohio El 3%s
1970
Sale Price Bid & Asked
Low
Hudson Si Manhattan
—
99 Va
A-O
deb 5s
Thursday Week's Range
Last
or
Thursday's ~ Bonds
Period
*108
*106%
*106 Vi
A-O
modified)———1980
(stamped
107
—
J-J
1970
Colo Fuel & Iron 5s Inc mtge
*107
Interest
Hiah
106%
Exchange
January I
No.
Hiah
F-A
1945
1st gtd 4s
Colorado & Southern
7
New York Stock
Range Since
Sold
107% 107 Vi
M -N
gtd
Columbia G & E
APRIL
AAdJ income 5s
1948
Series D 3%s gtd
1950
General 4Vis series A
1977
Gen & ref 4%s series B
1981
Cleve Short Line 1st gtd 4Via——1961
Cleve Union Term gtd 5 Vis
1972
1st s f 5s series B gtd
1973
1st s I 4 Vis series C
—1977
4Vis
ENDING
Pittsburgh RR—
&
C
107 Vi
J-J
1970
Cleveland Elec Illura 3s
Series
WEEK
BONDS
Bonds
Thursday's
or
Sale Price Bid & Asked
Period
Cleveland
FOR
Thursday Week's Range
BONDS
New York
Monday, April 10, 1944
3'As
Shovel
—
s
Stamped
Market Street Railway—
f
6s
1941
J-J
84 Va
A-O
*101%
A-O
1947
*102%
__
84 Va
15
73
84%
101
102
101 Va
—
__
102 Va
"
(Stamped mod) ext 5s__
McCrory Stores deb 3%
1945
Q-A
1955
A-O
Metrop Ed 1st 4%s series D
I960
M-S
_1950
A-O
Metrop Wat Sew & Drain 5'As
97
*105%
111
'110%
94
5
97
105
105%
111 %
12
110
111%
94 Va
9
92
94%
97
—
97%
Volume
Number 4271
159
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK BOND RECORD
RANGE
BONDS
New York
*
r
Stock
-
Miuuigah
Bonds
Sold
Last
Period
or
1st
gold
Ref
&
(Chic)
4s„1938
Sag 3%8
3%s
F-A
;v
1951
Consol
Gas
AMidland of N J
4s
Af-N
1979
J-J
-1963
Low
JAMilw Spar & N W 1st gtd 4s
*93%
*103%
85
84 y4
New York
A-O
*62%
J-D
/
843/4
M-S
1941
67 %'
84%
67 y8
j-j
103%
73
85
.
101
75%
15
Norfolk
North
69%
77%
tMinneapolis & St Louis RR—
ref
gold 4s_
1949
M-S
1962
*9%
Q-F
.
'4%
§ A 1st
.1838
j-j
§ Alst stamped 5s gtd as to int_..1938
j-j
Alst &
j-j
A
4s
ref
stamped.
25-year
.1938
5s
6s series A
5 Vis
Mo Kansas & Texas
3%
5%
38 "
■
i;.
:
37%
•
39
Vs; 37%
29%
30%
29%
40 '/a
38%
150
39
38%
61/2
5
10
7
»
j-d
65
63%
65
154
56%
series
j-j
70%
68%
70%
227,
64%
lien
A Cum
:<
4yas
j-j
58%
58
59
55'
53%
61
j-j
64%
62
64%
26
57
adjust
5s
D
65%
/
.1978
Jan 1967
A-A
51%
1965
series A
F-A
69%
49%'! 51%
'
ACertificates
of
162
ACertificates
A 1st
ref
k
of
ACertificates
AConv
Alst
ref 5s
&
4
51
59
92
62
92%
J2047
J-J
79
77%
79
31
80%
67%
Ref
-2047
J-J
78%
77%
78%
38
67%
80
109% 110
10
108%
110
111% 112
11
111%
112%
&
impt 5s series D
States
80
Power Co—
1st & ref mtge 3%s
1967
F-A
1964
1st mtge 3y2s
M-S
111%
Ohio Edison
F-A
52'%
1st
Oklahoma
69i/a
30
Gas
Oregon RR & Nav
Ore Short Line
5s
gold 4s
con
Oregon-Wash RR & Nav 4s
Otis Steel 1st
12%
13
136
9%
*103%
J-D
*105
,
.1946
1946
20%
104%
106V4
2
106%
107%
109
J-J
1961
J-J
1962
J-J
mtge 4%s ser A
15%
5
109
2
108%
109%.
*—
J-J
Guaranteed stpd cons 5s_,
18
107
18%
105
103%
■
13
*107% 1097/8
108% 108%
157
56%
71
56%
72%
59%
72
65%
473
72%
60
16
66 y2
Pacific
Coast
Pacific
Gas &
1st
68
Co
1st
gold 5s
1948
El 4s series G
108%
110%
8
103%
1051/4
108% 108%
26
108%
110% 110%
J-D
10
110i/2
111%
110
111%
*98%
1964
J-D
108%
1961
ref mtge 3%s series H
&
1st & ref mtge 3y2s series I
J-D
110%
QQ
J-D
-1966
ref 33/4S—
106%
108%
111%
24
111
114%
8
105%
106%
94%
951/4
111
J-J
-1951
95
113%
106% 106%
111
*95%
M-N
_1966
J-D
*110% 111%
1970
J-D
105% 1061/4
5
1971
J-D
105% 105%
1966
A-O
108% 108%
1966
Pacific Tel & Tel 3'/4s series B
Ref
mtge 3'/4s series C
Paducah & 111
1st
s
*106
*102
104%
105%
2
108
109%
104
F-A
106%
4
110
M-N
110%
104%
*110
J-J
1955
3s B
J-D
1955
1960
f gold 4yas
Panhandle East P L
QQ
„
1st & ref mtge 3s series J
105%
104%
108% 111%
A-0
1081/2
26
'
104% 104%*
__
1st 8c ref M 3s series K
A-0
-I960
108%
72%
59%
*104y2 105
--■'
105"%
107%
'
—
104
105
108
106%
107% 1081/4
__
110%
107
.
__
13%
72%
66%
66%
M-N
19%
105%
106% 106%
.
i
68
'57%
66%
69%
J-D
1946
1st cons gold 5s_.
72%
J-J
1966
3%s
1st
M-S
1972
Elec
&
Transmission
M-N
1945
mtge 3%s-
Ontario
71%
*66
ext
■
1965
4s__,
J-J
1967
1st mtge
1948
72
12%
11981
5s
57%
271
56%
69%
—
&
57%
96%
92%
mtge 4s
22%
*66
mtge 4%s
1st
53
88%
91%
56%
66%
deposit
Tramways
184
92%
30
92%
56%
A-0
debentures
Power
61'A
231
J-J
133
M-N
F-A
Montreal
60
60%
92
2047
6s series B
677
-1980
M-s
Montana
Q-A
116
96%
90%
76
1st
56%
1
*66
gtd gold 4s„Il991
1st
116
95%
O
Monongahela W Penn Pub Serv—
6s
Q-F
125%
61%
72%
69%,
,_1949
1st
125
120
96%
46%
131
37
72%
69%
M -N
-1966
Monongahela Ry 3'As series B—
Moh'k & Malone
Q-J
47%
129
73%
d66%
M-S
deposit
of
impt
130%
72%
72%
56%
*66
series I
ACertificates
&
130
M-S
—2047
46%
*127%
Q-J
Jan 2047
656
deposit-
of
1974
& Id gold 3s
130%
m*a
1997
29%
1978
ref gold 5s series H
ACertificates
O-A
1997
prior lien 4s
28%
1977
G
gold 5V2s
&
Alst
of
4%s series A
29%
deposit
5a series
86%
37%
73%
*
66
66
M-S
1975
:
ref 5s series F—
Alst &
d66%
deposit
4s
-•
1974
§ Alst guaranteed 4s—
,
& ref 5s series A_
A General
82%
37
100
36
134
72%
^Missouri Pacific RR Co—
Alst
19
44%
J-J
Northern
73%
.1962
series
85%
*431/8
JOgdensburg & Lake Champlain Ry-
A,
40-year 4s series B
Prior
5s
43%
76%
100
104%
1041%
43
F-A
65%
.1962
2%
73%
76
76
*100
High
110%
102 3*2
102 332
;2047
(Wise)
.1990
1st 4s
V
'
Low
108%
16
32
102
Ref & impt ,5s series C—
■
t
Missouri-Kansas-Texas RR—
Prior lien 5s
ref
impt 4%s series A
5
M-S
j-j
A-0
Ry 1st gold 4s_1996
&
(Minn)
j-j
January 1
No.
*109% 109%
102%
J-J
1961
A
registered
7"%
.1959
5s
Range Since
Sold
High
84%
1998
Ref
38%
1
29
38%
39
37%
.1978
1st
3s
5%
.1949
„
t A Missouri-Illinois RR
j-j
.1946
Alst & ref 5%s series B
:
12
M-N
2014
5s
Ref
;
consol
7%
10
•
<■'
cons
ref
A
registered
Gen lien ry
_
A Ref & ext
50-yr 5s series A
JMlnn St Paul & Sault Ste Marie
§ Alst
&
4s
A-O
1950
inc
RR
&
gen
Northern Pacific Ry
'
1955
Bonds
Sale Price Bid & Asked
Co—
series
& Western
Central
Gen
84%
59
6
67%
Ry
4 y2S
t§ANorfolk Southern
70
97
Southern
mtge
AGen mtge 5s conv
105%
77%
84%
1st
85
55
65
Thursday Week's Range
Last
or
Thursday's
Interest
Niag Lock & Ont Pow 1st 5s A
Niagara Share (Md) deb 5y2s
Norfolk
102%
—
83
*65
Exchangt
Low
95
102 y2
*100
Stock
Period
18%
104%
J-D
1947
t§ AMilw & State Line 1st 3%s
&
7
High
16
is y2
M-S
1st ext 5s
1940
t§AMilw & Northern 1st ext 4%s__1939
A§Consol ext 4y3s____
1939
-A 1st
APRIL
January 1
No.
High
*8%
■—
M-S
1952
i
impt 4yas series C
Michigan
ENDING
Range Since
central—
Jack Lans &
,
El
WEEK
BONDS
Thursday's
Sale Price Bid & Asked
Interest
I
Low
J § AMet West Side
FOR
Thursday Week's Range
Exchange
•
1467
108%
110%
103
104
&
Morris
Essex
M
Constr
M
Constr
1st
5s
55%
.1968
J-D
-1947
1st gtd 5s
61
Parmelee
1944
A-O
55%
101% 101%
43%
Paterson & Passaic G & E cons 5s_1949
M-S
*__
Pennsylvania Co—
Guaranteed 3%s trust ctfs D
1944
J-D
1952
M-N
109
109
109
108
109
1963
F-A
107%
107
107%
15
106%
107%
106
106
109%
109%
24
53%
59%
47%
41
61
lOl'A
48%
Secured 4s__
58%
58%
M-N
55%
Paramount Broadway Corp—
1st
'
M-N
& T 3%s
T
Mutual Fuel Gas
57
61
-1955
4y2s series B-
Mountain States
58
M-N
-1955
A
*100% 101 %
J-D
2000
gtd 3y2s
series
100%
Gtd 4s series E trust ctfs—
_1958
Morrell (John) & Co 3s debs
52
109%
1101/2
111%
*109% 112%
111%
N
Distillers
Nat
1978
3y»s debs
Dairy Prod
Prod
F-A
107%
1949
M-S
'.'■"•iiU
3%s
3%s sinking fund debentures
Steel 1st mtge 3s
90
21
12
105%
107%
871/4
J-D
82
88%
107% 107%
88
—I960
22
103%
102%
103%
4
103%
100%
101
115
116
t ANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s
1954
M-N
1948
J-D
*__
115%
JANew England
1945
J-J
92
92 ,V
13
84
92%
1945
J-J
SI
921/4
20
84%
92
1952
J-D
116% 116 %
2
115%
117%
1961
M-N
124 '/a 1241/a
1
122%
1st
124%
5s
AConsol gtd 4s
England Tel & Tel 5s A
1st
gtd 4y2s series B
N
J
J
Pow
& Light
104
104
__
*100%
.
;
1986
1960
1st 4% 3
F-A
A-0
*82%
*106
-
'
'
;
—
—
Orleans Great Nor 5s A
New
O & N E
N
1st
ref 5s
&
1st
series
Orleans Term
New
1983
J-j
1952
1st ref 81 imp 4y2s
Orl Pud Ser
J-J
5s series A__1952
■
1955
1st
gtd 4s
J-J
tNew Orleans Texas & Mexico Ry—
tgANon-cum Inc 5s series A—
1935
of
ACertificates
Alst
series
5s
105%
107%
General
108%
Alst
5s
series
*
of
RR
4s
/
deposit
82%
d75'
•
—
78%
79%
85%
F-A
69%
69
69%
A-0
66%
65%
66%'/'?
A-0
74 V,
73%"
74
M-N
94%
93%
3%s_»._,_1997
J-J
90
l
1997
J-J
■Lake Shore coll gold 3%s
.—1998
F-A
75
74
75;-
registered
1998
F-A
71
70
71
Mich Cent coll gold 3y2s
1998
F-A
69
68
69 y®
1998
F-A
Cent
Y
Hud
&
River
..44-
3y2s
.
■/.
3%s
registered
York Chicago 81 St Louis—
Ref 5%s series A
1974
Ref
1978
M-S
1947
/
*65
A-0
■v
1st
4%s
C
series
mtge 3%8 extended to
A-O
Y
Connecting RR 3y2s A
1965
Y
N
N
Dock
1951
F-A
1947
77%
lien
1st
3%s
Y
ref
&
1965
82
56%
67%
74%
V. 87 : *
160
90
85
56
69%
75%
42
•
65
71
.
41
62%
3'As series E
& Erie—See
&
Harlem
gold 5s
Y
1949
'
245
95%
■
308
94
85
/•
Lack & West
F-A
M-N
78%
54
89%
100'
100%
106%
109
108%
109%
109%
114%
115%
110% 110%
110
111
104
105%
103
103
*105
103
—2043
4s series
•—
J-J
103
103
A
1973
M-N
82
86'/2
1973
M-N
ANon-conv
deb
4s
1947
M-S
ANon-conv
deb
3!/2s
1947
M-S
ANon-conv
deb
3V2s
.1954
ANon-conv
deb
4s
ANon-conv
deb
4s
1
82 %
80
102%: 104%
.
71
45
82%
77
87%
46
60%
20
45%
60
29
45%
59%
'
18
86%
86V2
.56%
56%
}'l':
56%
56%
56%
A-O
56%
56%
57%
Y New Haven & Hartford RR—
'
r"
1955
J-J
57
56%
58
61
1956
M-N
57%
62
certificates 3%s
1956
J-J
56%
56'A
57%
ADebenture
AConv
6s
1948
J-J
61%
59
61%
521
1940
A-O
92%
90%
92'%
; 115
1957
M-N
29%
291%
30%
236
-16%,
1967
J-D
60%
58%
60%-
415
48%
deb
5 A Collateral trust 6s
ADebenture
4s_.
;
Alst & ref 4y2s series of
1927
57%
;
46%
■'
,
"46%
61
61
." 45%',- 59%
20
1st
4s
1954
M-N
1992
M-S
1955
J-D
gtd 4s„—1993
A-0
$AN Y Ont & West ref gold 4s
AGeneral
4s
N Y & Putnam
1st
cons
N Y Queens El Lt & Pow 3y2s
N
Y Rys prior lien
N Y Steam
Corp
5 A General
N
gold
A Terminal
1st
Y Telephone
15AN
Y West
Niagara
For
5s
Bost
see
1
62%
J-J
J-J
1937
1st
F-A
44%
*18
.
page
*12%
1468.
1967
J-J
1946
J-J
M-S
109%
4
5s
General
Co coll
15
111%
108
107%
108%
108%
99%
101%
110%
112%
Phila
J-D
1977
19ei
ref mtge
2%s
1971
AConv deb 6s
debentures
1973
—
106%
111% 111%
9
110%
111%
1
102%
103
J-J
63%
.
27%
103
65%
64%
28%
M-S
185
8%
104%
6%
M-N
F-A
*113%
F-A
*123
M-N
■
*123
(
i->:
ikj.
J-D
1950
J-D
1958
J-D
69
B
A-O
66%
mtge 4%s series C
A-O
67%
mtge 4'/2s series B
Pitts & W Va 1st 4%s series A
1st
1959
1960
Pitts Young & Ash 1st 4s ser A—1948
lit gen 5s series B
1962
1st gen 5s series C_
1974
1st 4%s series D
1977
Pittston Co 5'/2 inc deb—
1964
Furtland Gen Elec 1st 4%s
1960
1st 5s extended to
1950
Potomac El Pwr 1st M 3%s
—1966
1st mortgage 3V4s
1977
Pressed Rt.eel Car deb 5s
1951
1st mtge 4%s series
1st
1957
—1956
X A Providence Securities 4s
Terminal 4s
3'/4S
1st & ref mtge 3s
1st & ref mtge 5s
1968
.
J-D
A-O,
118%
117% 117%
118% 118%
;
i.'t1
-V "
•
cons
j u
'
113%
113% 113%
122%
123
123
123%
9
116%
118%
4'
116
118%
"
,
J-J
106% 107%
17
M-S
1021% 104%
7
103
103%
104
103%
104%
112% 112%
'113
114%;
104
104'
*113
V
101%
;jo3%
,
,■
*112%
9
100%
U
101
*104%
J-D
10
'
*104
F-A
106%
7%
9
101
28%
105%
23
9
*7%
8%
67
17%
105
*105% 106%
J-J
108%
38%
100
27%
*104% 105%
guaranteed 4y2S—1964
series A_
1970
Gen mtge 5s series B
1975
Gen 4%s series C—
1977
Pitts Coke & Iron conv 4y2s A
1952
Pitts Steel 1st mtge 4%s
1950
J
124
106
103
M-S
Gen mtge 5s
121
103
1960
1963
Series
132
1
33
121
111%
M-N
Series I cons 4V2s
107
131
J-D
1945
1949
1953
1957
4s
105
M-a
guaranteed
gold
guaranteed gold
G 4s guaranteed—;
H cons guaranteed 4s
F
92
13
105%
106
'
99%
92%
82
-123
121
95%
87%
36
106
F-A
3eries E 3'/2s gtd
.
74%
36%
107
J-J
Phillips Petroleum 2%s debs—.—..1964
Pittsburgh Cine Chi & St Louis—
Beries D 4s
133
92
*121
M-N
1937
23%
105%
99%
105
105
108%
55%
33%
90%
J-J
—1962
—1963
$§ A Philippine Ry 1st s f 4s
ACertificates of deposit——;
98
*—
—1949
—
Philip Morris Ltd deb 3s—
3s
*
99%
91%
52
208
106%
*106
F-A
^Philadelphia & Reading Coal—
Aref 5s stamped
>
F-A
Electric -1st & ref 3%s——1967&
*110% 111 1/4
J-J
106%
107%
102
104%
15
102%
103%
104
2
101%
104
68%
69
21
59%
66%
67
14
58%
67%
68
16
58
J-D
F-A
107%
*107%
71%
70%
70%
107%
*121
J-D
J-D
J-J
91%
M-S
102%
90
92 %
102% 103
*—
J-J
J-J
*102
50
86
99%
93
103
104%
109
109%
102%
100%
102%
30%
105%
*111
J-J
40
105%
*109
F-A
M-N
28
29
17
17
*98%
M-S
*109%
J-J
110
—
110
107%
106%
147 % 147%
147%
147%
J-D
224% 224%
2241%
A-O
110% 110%
224%
109%
9
97
100%
108
M-N
*106 »/2
J-J
147%
107%
111%
R
*
./■■'■■
•
34
48%
20%
Remington
11
14
87%
6
109%
18%
109% 109%
2
108%
110
106
105%
M-S
Reading Co Jersey Cent coll 4s
1951
Gen & ref 4%s series A
1997
Gen & ref 4V2s series B——-—1997
87
-
21
J-J
series C
117%
102%
41
1980
1952
tr 4%s
111%
97
5%
110
"
108% 108%
f
48
—1974
fl-1
gold 4y2s
Philadelphia
65%
208
28%
series
General
124
115%
107% 108%
1956
Phelps Dodge conv 3y2s deb
Phila Bait & Wash 1st gold 4s—
102
100% 100%
1956
series B
109
108%
73%
—-1972
,-,-2037
1st & ref mtge 8s
—2037
Public Service of Nor 111 3'/2s—1968
14%
108%
36
Marquette 1st series A 5s
121
100%
71%
63%
9% "
13
38
J-J
34
Pere
98%
A-O
72%
ext—
tAProvldeoce
106%
101%
A-O
4s
Public Service El & Gas
29%
110
29%
53
31%
105%
3
13
95
101%
94
52
'
6
19
*891/4
101
-
>
'
A-O
1970
2981
18%
44%
M-N
v
„
108%
F-A
1966
4%s
123
111% 111%
*105% 106
108
6
64
102%
9
1943
Falls Power 3%s
footnotes
4%
621/4
1940
gold -5s
3%s series B_
&
4%
62%
13%
117%
50%
19 '
13
J-J
1937
105% 105%
13%
M-N
1958
t§AN Y Susq & W 1st ref 58—
§A2d gold 4%8
1965
1963
6s Btamp
1st 3y2s
105%
117
82
t A Harlem River & Port Chester—
•
J-D
35%
Series
102%
107%
105
18
88%
J-J
—1968
B
Apr
Series
114% 114%
110%
111%
A-O
94
101%
108'/2 108%
*109
series
& Eastern 4s
103
87
3
1061/2 107 '
2043
4%s series B
JN
;
<
*100%
J-D
2000
gold 3%s
Mtge 4s series B_
N
88%
A-O
1948
series A
Mtge 4s
107
111
M-S
67%
v
Erie RR
Purchase money gold 4s
Y
91%
123% 124
111%
1960
69%
63
/
103
124
J-D
Apr 1990
Peoria 81 Pekin Union Ry 5y2s—,.1974
94%
83%
78%
102% 102%
A-O
1960
series D
N Y Gas El Lt H & Pow
N
A-0
101
F-A
'_ia65
;
78
86
-
gold 4s
notes
Y Edison
N
94
A-O
1st
Conv 5%
N
102%
—I960
A
series
mtge 41/4S series E
Seriis
,
109%
109%
_1984
1952
1947
New
<
5s
Gen
~
80
63 '
••■-4
"
66
108
118
82%
;
71%
%
486
"190
-
88%' 90 ; '■'
84 %r 84%
N
108
3
lOl'A 101%
gold 4y2s series C
91
-
24
109% 1091/4
101%
4s
69
94% V.'s: ; 121
-
109% 109%
1091/4
A-O
1st
*103%
1998
Ref &
vr*-- 3%s registered
4'/2s
lst
2013
A
Ref & impt 4%s series A
■
109%
M-N
1st
74 " •
J-J
M-N
1970
gold 4%s
General 4y4s series D—
tr
V ;
—1948
May 1 1948
80%
73%
-
—
,
109
'86%
69
31
;
106%
109%
72
18
•;:45
73
105%
72.".'
.10
impt 5s series C——___2013
Conv secured 3%s
1952
N
-71%
109
d77%
■
A-0
1945
series
75:
"
80%
83
106% 106%
106%
Peoria
73%
1954
gtd 4y2s—
Central
76%
F-A
deposit
of
F-A
1950
Newport & Cincinnati Bridge Co—
Y
d75%
106%
108%
100
•*"
deposit
5%s.series A
General
77%
J-J
17
,'■96
75
2
22
26
68%
109% 109%
*104
107% 108%
Conv deb 3y4s
Peoples Gas L & C ref 5s
•/
109%
1968
Debenture
100
61'
J-J
108% 109%
105
62
J-D
101%
107%
103
75
101%
5
2
F-A
104%
; ;;
101% 101%
92
101%
116 'A
F-A
'7 5
.
99%
85%
98%
115
1974
93%
99
92
116
3'/2s—__1969
102%
*63%
A-0
1950 .>•.
.
of
ACertificates
73%
80%
series D
ACertificates
Alst
A-O
deposit
C
ACertificates
Alst 4%s
98%
;
1954
of
94%
91%
1960
D
ser
& Light
21
A
103%
103
99%
3%s
3
98%
91%
1981-
debentures
AIncome
deposit
B
ACertificates
ctfs
6s
Pennsylvania RR—
Ccnso! gold 4s
4s sterl stpd dollar
Gen mtge 3%s series C
Cona sinking fund 4'/2s
~
103% 103%
J-D
1953
B__
,97%
ref
Power
4i/2s
.1
*100% 101%
98%
A-0
&
Penna
'
New
deb
4l/2s series B
General
"t
Junction RR gtd 1st 4s
N
102"% 103%
103%
ref
&
1st
105
M-S
A-O
New
Trans
Pennsylvania Ohio & Detroit RR—
107%
25
1041/2 104%
'
1949
1965
National
RR gtd
f gold 3s loan
s
Pennsylvania Glass Sand 3'/2s
& St L 4s series A
Chatt
Nash
Nat
M
110%
31
109%
A-O
99%
J-J
100
J-J
1C5%
R.pvprp cooper & Brass 3'/4s
M-N
t§ARio Grande West
Alst
cons
& coll
19«0
1st gold 4s__1939
trust As A
1949
F-A
M-N
J-J
A-O
'
104%
■
93
56%
94
100%
84
94i/4
10o
105%
42
104'/4
106
12
1041/4
106
104% 104%
5
104%
106%
1021% 102%
100%
1958
Republic Steel Corp 4%s series B—1961
Gen mtge 4%s series C
1958
Rand deb 3x/2s
99% 100
1041% 104%
J-J
5
101%
102%
93%
91
81
95
56%
60
44%
58'/a
99% 100%
99 % 100
105
921/2
55%
THE COMMERCIAL &
1468
Monday, April 10, 1944
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
APRIL 7
ENDING
Last
Interest
Exchange
Period
Sold
High
Low
Loto
Gen
& Elec Corp—
Gas
19o7
1967
Gen
mtge
3-/48 series H
3%s series I
Gen
mtge
3'As series J_.
meats
Ark & Louis 1st
t$£R I
tA
1969
1934
1949
4%8
Rut-Canadian 4s stpd
,
47
13%
9
16%
16%
34
16 Ms
J-J
.
St
Jos &
St
Lawr
58_—194b
1959
J-J
tASt L Peur & N W 1st gtd
L Pub Serv 1st mtge 5s_
Ft Xj Ro/'kv Mt h P 5s fitpd
St
Francisco Ry
Louis San
-----
Louis-Soutnwestern Ky—
1st 4s bond certificates
-—1989
A 2d 4s inc bond ctfs
Nov 1989
5 A 1st term & unifying 5s_.-1952
A Gen & ref gold 5s series A---J99J
Dulutn 1st cons
Paul m
Scheniey
Scioto V
§ A4s gold
AReiunding 4s
{
of deposit
ACertificates
A 1st
cons
1945
deposit
*$AAtl & Birm 1st gtd 4s -L
tASeaboard All Fla 6s A Ctfs
South & Nor
28'%
7
28%
5
97
1949
Gold
Gold 4%S
Gold 4l/2s
1st 4s
Soutn Pac RR 1st ref gtd 4s
Stamped
-Southern Ry 1st cons gold 5s
Devel & gen 4s series A
Fran Term
-
2.50s
.
70%
38%
,
—
104
105'A
126'%
r6
3
126%
65%
65%
67%
62
43
30%
37
21%
28%
28%
11
20
40%
42%
257
28%
41
15
27%
42
56%
57%
'8
42%
40%
5
40
62
45
100
100%
...
"5
59
/'
1st mtge 3%s__1972
Southwest 1st gtd 5s
2003
cons 5s
1958
100
ioo
92
99
1
81
81%
77%
95%
£ 95
76%
233
65%
95%
97'%
1
101%
nT%
111
105
84
73%
92%
100
35
96
104%
102'% 104%
103'%
4
104%
110%
112%
106'/a
107%
111%
16
106% 107
107
100%
4r"
111%
111
'111%
58
58
;'l
'105%
M-N
103%
"103
M-N
*101
J-D
1963
M-S
1966
1952
J-J
1977
J-J
1946
M-S
1946
1960
1951
2361
2361
M-S
105%
103%
J-J
*118
1944
F-A
*100% 103
112
—
»
Texas
1959
A-O
1965
M-N
gold 4s
1st 5s E
Penn Power
mtge 3%s 'series I
1st 4s
Maryland
ref
&
5'%s
Union
series
A
1st 5s ser A
Telegraph
deb
Company 3s
debentures
3s
Texks
Pacific 1st
Si
gold 5s
F-A
J-D
—2000
99
97
r
105%
106
:
....
Gen
&
ref
5s
series
B
1977
A-O
Gen
&
ref
5s
series
C
1979
A-O
Gen
&
ref
5s
series
D
90%
Pac
Third
&
90%^
46
90% "
90
90 %
110'4
112%
235
88%
97%
10
96%
104'%
95
77%
99
77
99%
91%
97%
,
93'/a
41
105 Va
104% 105%
105
103 % 105
101%
36
104% 105%
105%
'
102
s
66
67 %
J-T
30
63%
64
17
•
M-S
•_/,/:•
.
M-S
94 y2
*116 %
■
:
26
101%
103%
118 Va
—
;'57'4
101
69%
18 Vs
*13%
95
91%
116%
18%
A-O
1968
67%
111%
35
95
68 V*
69%
Ci:
72'%
53
111
,
V
102% 102%
102%
105
101%
55%
*110% 111%
95
A-O
105'/a
101
57
67
105%
100%
142
101% 101%
■'
Wisconsin Elec Power 3'%s
74'%
60'/a
70
16%
13
22%
18
15%
...
1095a
1
108'/a 108'/a
110'%
107%
*109% 110'/2
108%
197.1
J-J
1948
M-S
102
101% 102
16
1011/2
104
1960
1st mtge s f 3'As series D
not included
M-N
102%
102% 102%
74
101%
102%
•aDeferred
90%
delivery sale
__
HIH.
included In the year's range/ dEx-interest,
eOdd-lot sale
Under-the-rule sale not included in the year's range,
r Cash
not,
n
in the year's range.
' /.../V-.
91
80%
,
90%
78%
77%
78%
49
A-O
32%
32%
33%
189
30%
371/2
2
96%
101%
|
'
not
sale
...
•
200-
Accrued Interest payable at the exchange rate of
^Companies reported as being in bankruptcy, receivership, or
the Bankruptcy Act. or securities assumed by such companies
79%
71
•
tThe price represented is the dollar quotation per
$4 8484.
^Negotiability Impaired by maturity.
pound unit of bonds.
112
110
101% 101%
17
M-N
Included in the year's range/
J-J
J-w
111%
r-/'
J-J
1936
118%
I960
Jan I960
;
Ohio Cent ref & impt 33/4s__1960
106%
99-
J-D
48
109%
2
96 V*
M-N
J-J
106%
79%
—
118%
109'/a
103% 104'%
J-J
106%
M-S
*110% '
101
118
108%
91%
•
1949
deposit
5ASu & Du div & term 1st 4s
ACertificates of deposit
105%
81%
/.
104
of
115%
57
.
•
101'%
101
••
y
1980
Ry 1st ref 4s
income 5s
-
90
101
19
101 %
'""'6
97%
104 %
J-D
1949
1966
1958
Conv deb 4s
1964
Mo Pac Ter 5%s A
Ave
AAdj
Tol
90
—
47»/a
98
111% 111%
in%
A-O
1960
B
99%
38%
6
V.'
—
109 Va
109%
1st 4s__.
S
105%
v
1
118% 118%,:.
90 %
Tex
11
42
X
■95%
106% 106%
J-D
Central 1st 4s_
ACertificates
105
20
V.
106%;
/
-
•
/;
112
91%
106
99
105% 105%
—
5
Youngstown Sheet & Tube—
111
'9
112
*101
F-A
118
105%
112
42
> 40
1
-
.
Co—
1st 4s guaranteed
JAWisconsm
—*
*106
37
ty
M-S
M-N
41
*118
Wheeling Steel 1st 3%s series B
& Co 1st mortgage 3s
104
118
:
120
1951
101
%
101
F-A
1st gtd 3'%s
Wheeling & Lake Erie RR 4s
105%
102%
15
103% 103%
•:
'
46
101%
46
Registered
105%
103%
13
99%
99%
78'%
45
'
V.i
•
82%
V,
41
,
"V
1950
1967
Winston-Salem
102%
105%
105'/I;
105
99%
44:43%
■
68
56
40%
91
42
F-A
Wilson
104'%
1
103% 103%
42
1945
West Shore
60
54
10
A-O
A-O
30-year 5s
Westinghouse El & Mfg 2yas
107
110%
103% 104'%
100%
14
107
106
100% 104
59
A-O
1950
1st 40-year guaranteed 4s
Ltg 5s stpd gtd
Gen mtge 3'%s_
81
26
:;r V •"y.
Q-M
Western
*
54
81
F-A
1948
1945
1st
89%
80
58
<173%;
72%
—
gtd gold 3'%8—2000
1st ref
A5s assented
111
80'%
102
109% 111
10
M-S
<:A Western Pacific
97
99% 100
.111
81
100
72%
Western
104%
91%
308
97
77%
Apr
Funding & real estate 4%s.——1950
25-year gold 5s
1951
78'%
95 Va
110%
,2
88%
111
.102% 103%
77
d77%
103
Apr
l<wi
1st
80'A
65%
•21
103% 104%
J-J
.1971
1981
West
80%
.7 /:
—
88%
110
series A
Westchester
82'/a
111%
110'A
100
*100%
4s inc series A
Washington Central Ry 1st 4s__
v
;.
193
76%
90,
ii %
110
mtge inc 4'As ser B
Warren RR
99
66%
93'/4
2
-
Walworth Co 1st mtge 4s
100
69
230
76%
"
Washington Term
94
109%
93»/4
A-O
112
112
3
.112
110'/2 110 %
ref & gen 5'%s A—__1975
gen 5s series B
1976
A Ref & gen 4'%s series C
1978
ARef & gen 5s series D
1980
107%
..
1
111% 111%
112
If-8
1966
a Ref
124
105'%
^4;:;
107
*108%'
lll%
w
a Gen
108
75%
J-J
f
•101% 102'%
AGen mtge
103%
107
.75'%
J-J
s
102%
■*101% 102'A
M-N
'
105%
108%
»>-D
&
102'%
'*101% 103%
M-N
1st mtge 4s
106%
123
76%
1953
Ret
102
101%
M-N
"AWabash Ry
103
76%
impt mtge 3%s series B__1974
Tcxarkana & Ft Smith 5V2s A
1950
refund
Gen
103
*101'A 102%
M-S
Wisconsin Public Service 3%s
Tenn Coal Iron & RR gen 5s
Terminal Assn St L 1st cons 5s
103
*101%
M-N
M-S
1st
:
105%
99
J-J
A-O
A-O
A-O
J-J
J-J
J-D
J-J
v-N
Apr
F-A
101%
M-N
—1957
1968
Coal & Coke 1st gold 5s__1949
Virginian Ry 3%s series A
59
103'%
2
106%
107
-----
101%
101%
M-N
s
Wabash RR Co—
-w.V
104%
101 Va
101%
J-J
A
*108
M-S
M-N
M-N
A-O
J-J
100%
*101%
f 4s series B
1
*123
77
102'%
100%
F-A
i
49
52%
*103% 103%
~81%
102 y8
102 %
100% 100%
*101%
Iron
102
100
101 Va
102'% 102'%
*102'A
F-A
101%
42
42
100% 101%
;
102%
M-N
Elec & Pwr 3'%s series B
Cons
60
40%
•
104
101%
M-N
431/4
40%
104
102%
18
102%
M-N
Va &
31
106
102% 102%
100%
102% 102%
102%
M-N
Virginia Pub Serv
32%
104
107
1
102'% 102%
Va
69
30
106
110%
106
106 Va
*106
*102'A 102%
Va
68%
43%
■>:;i
65%
56 %
109
19.
110 % 110%
•
A-O
«
*
30
*101%
'■
•'
M-N
United Stockyards 4'As w w
38'%
103%
65%
101%
108%
32
31%
102
—
126% 126%
40%
107%
}
19%
94%
22'%
30'%
37
104% 104%
40%
104
50'%
36%
*102%
102 Va
Vandalia RR cons g 4s series A—1955
76'%
32%
36
3
1951
2.65s
83'%
92
50
104%
2.60s
103
128
48%
*16
M-S
1994
1956
Devel & gen 6s——
— 1956
Devel & gen 6'/2s—
—1956
Mem Div 1st gold 5s
1996
St Louis Div 1st gold 4s
1951
Soutn western Bell Tel 3l/2s B_—1964
1st & ref 3s series C
1968
Southwestern Pub Serv 4s
1972
ASpokane Internat 1st gold 4y2S—2013
Stand Oil of Calif 23/4S debs.
1966
Standard Oil N J deb 3s
—
-1961
2% debenture
1953
Superior Oil 3y2s debs
1956
Swift & Co 2%s debs
1961
2.20s
2.45s
37%
37%
57'%
*95
---
1977
1968
1969
I981
-1950
1955
"
1
73%
36%
J-D
Aug 1949
'
24
79
A-O
1979
Pacific Co—
Pac coll)
4s registered
1st 4»/2B (Oregon Lines) A
(Cent
San
611
35
49'%
Southern
4s
36%
34%
A-O
debentures
3s
2.35s
35%
:
2.40s
71%
103% 103%
V.
—
M-N
May 1 1949
1 1949
—May 11950
Nov 1 1950
May 11952
Nov 1 1952
May 1 1953
Nov 1 1953
May 1 1954
—Nov 1 1954
May 1 1955
2.55s
A-O
F-A
J-J
—1962
T^l & Tel 3'AS
Bell
South
49%
102% 103
F-A
1952
1950
1964
1963
Ala RR gtd 5s
44
48'%
79
105%
r
Corp—
Nov
2.15$
45
32%
36'%
J-J
1941
Oil 3s debentures
Socony-Vacuum Oil 3s debs
Skelly
33
36'%
72
103 %
'
19
J-D
Stores 5s_—1952
debs..
—1958
Steel
States
34%
J-J
1961
A-o
2.05s
12
MS
1954
1955
5
Wax
Serial debentures
35%
F-A
1935
debs
2%s sinking fund debentures
^ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
94
127
M-S
F-A
1933
1935
Union Oil 2%s
Shell
99
89%
46%
---
certificates-.
series B
A 6s
97%
2
48%
tt-
~~
104
United
6
93%
45%
A~°
of
104%
1971
1980
102%
92%
45
98%
46%
A-O
A-O
----
6s series A
ACertificates
102%
r':'"i2v:.;
81
90%
457%
A-O
M-S
M-N
1950
J999
—1959
stamped
21
103% 103%
112
111
111% 111%
F-A
18
>■
unstamped
gold 4s
$ A 1st
103% 103%
...
—
105% 105%
..I
A-C
323
J-J
J-J
Ry—
fSeaboard Air Line
103%
United Drug 3'As
42%
M-N
1971
1952
1989
A-O
LI-N
;
United Cigar-Whelan
,44%
/-J
F-A
3'/a6 B
Distillers 4s sif deb
& N E 1st gtd 4s
107% 108
99'%
42 %
J-D
tS^St P &
St Paul Union Depot
107%
'—■
,
99
42%
«
}947
1941
J-J
*
J-J
95%
99%
42%
—
gold 4s 1968
4%s
K C Sh L gtd 4%S
E Gr Trk 1st
*ASt Paul
1947
1970
.
Biscuit 3'%s debs
43
m-»
,
F-A
35-year 3%s deb
Ref mtge 3'%s series A
47
M
1959
1967
2.10s
---
$SL
1945
deb
34-year 3'%s deb
72 %
90 %
,
of deposit
---ACons M 4%s series A——-—1978
ACertificates of deposit stpd
(Chic) 5s
A-O
grant 4s
land
&
1st
67'%
93%
J-J
ACertificates
St
106
98
1950
B
lien 5s series
---
1950
lien 4s ser A—
ocertiljcaies oi ueposit
A Prior
♦
M-S
J-J
1955
M-N
95
45
99%
99%
99%
M"iy
u*.
107%
1971
Union Pacific RR—
106%
63
72%
72%
'
106%
3%s
debentures
3s
72 %
'.'j
'■
'■/" ■'
103;
u
106
62'%
116% 1
*107%
104
101%
v
—1953
Union Electric Co of Mo
19
105
*67%
1
jf-a
j-j
101 %
1
102 % 192%
__
High
Low
No.
deb A
Tri-Cont Corp 5s conv
United
4s
A Prior
Trenton
■
JlAUnlon r-iec Ry
*106
J-J
J-J
stamped
-—iyJJ
^Certificates of deposit—-----
tst
.
50
12
105% 106
105%
4"?
Division
& Gull
Alst
•
Mountain & Southern-
$St Louis Iron
River
.
Union Oil of Calif 3s
*
gold 6s_
2d
/
11%:; 16%
gSis
Ltd 1st M 4'/»s_..—1906
Grand Island 1st 4s
1947
& Adir 1st gold 5s
1996
Saguenay Pwr
•
39 %
54
46%
13%
J-J
tiZ#:
■.1;
J-./
109^*109'%
*108% 110%
47
MS
1941
stamped
tSARutland RR 4%s
ni'% ni'%
*111%
Hiah
Low
103% 103%
A-O
West 1st 4s—.1950
Ham & Buff 1st gold 4s__194b
Gas & Elec 1st gold 5s—1949
St Louis &
Toronto
*125%
M-S
M-s
M-S
MS
1977
4%s series D
mtge
Gcu
Sold
or
'■1 'y":.V-
High
Range Since
January 1
Bonds
Last
Period
Toledo
Rochester
Thursday's
Sale Price Bid & Asked
Interest
Stock Exchange
York
January 1
No.
Sale Price Bid &, Asked
New
Range Since
Bonds
Thursday's
or
Thursday Week's Range
BONDS
Thursday Week's Range
BONDS
York Stock
New
WEEK
FOR
RANGE
♦Thursday's bid and asked prices;
ABonds selling flat.
no
■
reorganized under Section 77 Of
current week.
v':'''"V-
sales being transacted during
...
NEW YORK CURB EXCHANGE
in
in
footnote
a
and
the
dpferred
delivery
week
which
in
In the following
RECORD
YEARLY
AND
WEEKLY
NOTICE—Cash
the only transactions of the week, and when Belling outside the
No account is taken of such sales in computing the range for the year.
sales are disregarded in the week's range unless they are
they occur.
extensive list
we
furnish
a
complete record of the transactions on the
regular weekly range are ahown
New York Curb Exchange for the week beginning on Saturday,
It is compiled entirely
dealings have occurred
ending the present Thursday, April 6, 1944.
(Friday April 7, being Good Friday and a holiday on the Exchange.)
from the daily reports of the Curb Exchange itself, and is intended to include every security, whether stock or bond, in which any
April
1, and
during the current
year.
STOCKS
New York
Curb
Thursday
Last
Exchang*
Sale Price
Par
Acme
Aero
Wire Co
Air
Air
Mfg
common
Inc
Convertible
Shares
Jan
26
Mar
Allegheny Ludlum Steel—
7% preferred
Electric
Great
see
4
Feb
FSb
7% Mar
Allied
Feb
9%
Jan
Allied
Jan
2%
Jan
9%
9%
9%
700
2%
2%
2%
900
2'%
2%
2%
300
2%
1,500
._•
•
i
.
20
x8%
2
2
35
3
preferretT
page
Feb
6%
50
preferred
footnotes
Jan
3'%
100
200
10
Appliance
—
21
500
7%
2
Southern
Power Co $7
Apr
3%
7%
20
2%
100
115%
105%
100
100
115% 115%
105% 105%
Thursday
2%
Jan
35%
Jan
Feb
Range
for Week
of Prices
Shares
Jan
Alles
&
Fisher
Intl
Inc
Products
flnss
A
ronv
(Mich)
common.
;
•
Aluminum Co new common
6%
8%
23%
31%
30%
110
100
preferred
10'%
Jan
100% 100%
100
98
Mar
103
Feb
60
;
100
78
• •
1473.
Feb
Apr
Mar
84
Jan
preferred
112
Jan
116
6%
Mar
Jan
Apr
Feb
Jan
200
109
31%
Feb
114
105%
19%
27% Mar
9'%
9%
79
110%
550
28
73%
19%
•
•
8,600
12% Mar
25
18%
•
common
31%
Jan
Feb
Mar
100
Mfg
Industries common
...
High
450
Goods
Aluminum
104'% Mar
Low
9%
Aluminum
10
"
79%
Jan
Mar
Ltd
22'%
26
102
Aluminium
200
24%
25
;
Jan
3%
No.
1
•
10
89
Jan
Range Since January 1
High
100
common.
Investing $3 conv pfd
10
23A
Sales
Week's
Last
Exchange
Low
3%
20
Curb
High
Low
•
Sale Price
York
Range since January 1
; " *
l
preferred—
Air-Way
For
-.
High
;
>
7
STOCKS—
22
20
APRIL
New
.for.Week
50c
Corp
common..
Alabama
$6
(N Jt
Accessories
Investors
Alabama
ENDING
Sales
'
of Prices
Low
WEEK
i
1
B
Associates
Aircraft
Range
FOR
5
Supply Mfg class A
Class
A ins worth
Week's
10
common
'
.
RANGE
♦
19% Mar
Jan
Volume. 159
THE COMMERCIAL ^FINANCIAL CHRONICLE
Number 4271
.
NEW YORK CURB
RANGE
FOR
EXCHANGE
York
New
Curb
Last
Exchange
v
•.
"
" '
Book
American
American
Cities
Class
Mfg
„
&
Class B
class A
& Foreign
American
Fork
American
Gas
43 7/s
39%
2%
2%
100
39%
Seal-Kap
American
non-voting
A
;
Jan
37
Jan
43%
15
Jan
Ggsco
Feb
28% Mar
Castle
(A
Catalin
Corp
Jan
Central
Hudson
Canada
Associated
17%
2,500
16%
Feb
18% Mar
25%
200
25 %
Apr
26 %
Jan
43
Feb
Central New
Feb
91
Feb
Central
1% Mar
Central
•
~1
~lVa
25%
26
200
40
40
50
14%
14
15%
4%
4
4%
"l%
—
•
•
■
3/a
%
1
1,000
Breweries of
Jan
46% Mar
Cessna
22,200
10%
Jan
15%
Apr
Cnamoerlin
.3,000
3%
Jan
4%
Apr
Charis
%
15%
~5Va
5*
Jan
Jan
4,000
le
2%
18%
Jan
14
1,300
2% ..3
3%
.
3V2
3%
18%
Atlantic
Line
Atlantic
Coast
Atlantic
Rayon
Atlas Corp
3%
2,500
10%
1,500
102 %
4% Mar
3% Jan
0% Jan
10% Mar
Co
Voting
6% preferred
Ayrshire Patoka
5%
Jan
6% Mar
Jan
7 % Mar
%
Jan
:J : ~~% "\h
1
3
100
Baldwin
$6
10%
500
8%
31
1
Colon
80
Feb
Colonial
Jan
12%
Feb
Jan
Jan
8
Feb
Commonwealth &
Jan
Community
10%
10%
600
10 %
4%
4%
800
3%
Feb
5
4%
Jan
5 % Mar
200
8%
Feb
9%
<25
21%
Feb
23
23
10 V2
—-
10%
Jan
12%
Feb
Columbia
Feb
10%
Community
V
Stainless
Steel
Basic Refractories
(L)
Baumann
40
2%
Benson
$3
6%
39%
Jan
6% Jan
100
..
2%
2%
1,000
15%
100
4%
4%
1,200
2
7%
Feb
Jan
3%
Jan
13
•:
Aircraft
20
22%
22%
3%
3%
1,100
Jan
23
Jan
4% Mar
Feb
130%' Jan
33%
Feb
""l2
1,400
14%
50
7%
7%
100
%
7% Mar
Feb
8
15%
12% Mar
12%
2,800
2%
1,400
1%
Jan
48% Mar
47%
250
43%
Jan
13%
13%
200
10%
Jan
14% Mar
9%
9%
*
10'A
400
7%
Feb
11% Mar
—
80
n%
100
11%
105
Mar
Jan
27
Mar
10%
—
•
Jan
24
110
100
97
99
25
Jan
11%
%
%
400
%
Jan
% Mar
100
15%
13%
16%
1,400
6%
Jan
17% Mar
_•
Bowman-Biltmore
1%
1%
2%
1,500
1
Jan
3 % Mar
•
20%
20%
•
common
1st preferred
^$5 ' 2d preferred
Traction Lgt & Pwr
Corp common
1
Brewster Aeronautical
Bridgeport Gas Light Co
11%
■
2%
2%
1
•
*
Bridgeport Oil Co
•>'!
21
400
11%
3
18%
1,500
9%
21%
10%
—
11%
Jan
class
Corp
Class
7%
A
*
...
Brjllo
Mfg Cp common—..
Class
1
100
A.
*
Jan
111
Feb
12%
Jan
14
Mar
18
Feb
18%
'
7-
■
"•
—
British
American
Oil
British
American
10%
dep rects ord bearer
dep rets ord reg—
Am
Celanese
British
18%
18%
100
Jan
Jan
20
16%
£1
16%
50
Feb
20
Jan
17
Amer
dep rets ord reg
10s
Columbia Power class A
Brown
Fence & Wire
A
1
common
preferred
1
$5 prior preferred
(EL»
Co
$1.60
1st
Bunker
Burrv
Hill
*
25
•
.—.—2.50
Ji
preferred—
Corp Am dep rets
Biscuit
(P
Corp
H)
Feb
-
4%
Apr
17'A
100
14"%
Feb
17% Mar
22%
1,300
17%
Jan
24% Mar
80
80
10
77%
Jan
80
Mar
2%
2,800
22%
100
21
Jan
22%
Feb
9%
9%
800
9
Jan
"9%
Feb
1%
Jan
4
15%
15%
preferred./.
Royalty
.12 %«
Steel
—
Textile
65%
prior
Cables
trost
Range
Copper
5
Feb
63% Feb
113'/a Feb
69
Mar
50
117
10
105
300
;
convertible
5%
100
1% Jan
900
9%
Jan
10%
Feb
3%
700
3% Jan
3%
Feb
106%
Jan
&
800
10,
American
6%
"%
700
%
400
%
■
preferred.
W
"2%
"2%
•300
2%
Liquidating Co—
Croft
Brewing
Sugar
California
Canada
Fof
Fire
pfd—
H Feb
13% Mar
Jan
2'A Mar
Mar
200
2
Feb
2% Mar
27%*':
125
23
Jan
29% Mar
26
25 %
26%
900
24%
86%
Jan
8% Mar
Crowley Milner & Co
Cent Petrol (Md)
Crown Cork International A
Crystal Oil Refining
$6 preferred
2'%
Jan
1%
~i%
640
%
Jan
1%
Feb
4%
4%
47/b
800
3%
Jan
4%
Apr
4%
4%
4%
1,700
3%
Jan
4%
Apr
~2% ~2%
1-5
700
10 %
—.•
l25c
Crown Drug Co common—
convertible preferred
28% Mar
1%
—
Crown
8% Mar
Feb
2V4Mar
.
3
Jan
14
Jan
..
Mar
2 % Mar
'
,2.4% Feb
—25
^5% Mar
-
common—
Atlantic
Tobacco
common
50
21%
4,900
5%
.*
11
20%
21
5
Sugar
Cuban
11
—10
—
Cuban
5%
200
Aan
rMar
■
"2l50
Inc common
(Mo)
,
:.-lX
vv:£erc
i^3,? ^:.Feb
ioi
5
.a Qrhn
.191 -L *!*-''
19T
■
■
0)■■.
''
debenture—
preferred
—
Detroit Gray Iron Foundry
Detroit Mich Stove Co common
Detroit Steel Products.-^
Co common
preferred——
7%
P'amond
17
_4%
r3% "4%
200
17%
.
Am
f,
~6%
400
6%
Co
Dobeckmun
—
3%
3%
900
21%
3%
8,100
3 % Mar
4
Jan
Draper
21%
100
4% Mar
5%
Jan
U.Jan
1% Mar
%
1% Mar
77
Jan
120
Jan
Mar
?eb
Jan
7%
Feb
Jan
5%
79%
Feb
13
3%
Jan
20% Feb
Jan
% Jan
1
4%
Jan
Mar
Jan
20% Jan
23% Mar
Jan
25% Mar.
Feb
10%
13
Feb
13% Mar
13% Mar
14
Mar
Feb
'
.
6%
12%
100
5%
10%
..I
Jan
Feb
r.4^
"*6%
26%
Driver Harris Co....
26%
100
13%
Jan
6% Mar
7%
Feb
72% Mar
Feb
26% Feb
74
Feb
6% Mar
Feb
6%
67
——-*
6% Mar
Jan
200
5%
j'tVfJi-. 6% '
i,U^'12%
B_——
25-<
Chemical Ltd————
————10
*
Durham Hosiery class B common..—*
Duro Test Corp common
....1
Duval Texas Sulphur
—•
Jan
10%
8/ Coal
Corp
Jan
22
1
3%
Mar
4% Mar
2,300
Domestic Industries class A
common
36
7
19
1
1
,'r-
Jan
Mar
,18% Mar
12% Feb
1
20
1
1
10
10
,.-10
Corporation
Mar
26
3%
73
£1
dep rets ord reg—.
34'
.»■
Jan
15%. Jan
33% Jan
113
II
•
•
Co Ltd—
--
.17.
65
—•
Shoe common
.
6% Mar
600
100
—
Derby Oil & Refining Corp com
A convertible preferred——•«.
Detroit Gasket & Mfg
De Vilbiss
II,
1
5
50
preferred
$6 prior
2,800
35
Dejay Stores
Dennison Mfg class A common
8%
34r
24 ?
•
—1
convertible....
Class A
30%
32
—6
Darby Petroleum common
Davenport Hosiery Mills
——
Dayton Rubber Mfg
29%
Jan
79% Mar
Feb
'
3%
3%
9%
9%
64%
64%
3%
9%
1,100
3% Jan
2% Jan
9%
Jan
600
1%
Feb
375
56%
Jan
300
5% Mar
3%
10
Jan
Mar
£1
Estate
Electric
Tungsten
Camden
6% Mar
!
27%
2%
III1
Co
3%
1,800
Feb
Jan
Jan
1%
•
Steel
1,200
%
10% Mar
13% Feb
27%
—5
Dominion Tar &
5%
5%
receipts (ord reg). ..£1
Petroleum.—
Creole
C
dep
Dominion
"•7%
Jan
Jan
84
Dominion
5%
Mar
9
12%
.50
Jan
~6%
100
70
102
9%
Wireless—
American dep rets 5%
Calamba
Callifp
1% Mar
Courtaulds Ltd—
Jan
Jan
114% Jan
Jan
1%
101
10
—1
Jan
800
Apr
3%
,
Hi
—
Jan
2,400
Feb
8%
10%
—
Reynolds
$6 preferred A
—1.
Cosden
Petroleum common,—.:
&
Cor' /on
1%
1%
6
36% Mar
Jan
9%
12
12
1%
Jan
Jan
6%
114%
-io
31%
1 Ve
Apr
110% Mar
Feb
4%
Jan
1%
•
Co
.
Mines—
Cornucopia Gold
Coro Inc d—
Feb
1%
1% Mar
Jan
...•
1 % Mar
1%
Feb
4
'
700
50o
certificates
Feb
11%
33 %
,200
66% *
107
10%
...1
17%
C
Voting
%
Jan
32
.100
preferred
Continental Roll & Steel
Cook Paint & Varnish Co.
300
#1%
Jan
Continental Gas & Electric Co—
9%
»50e
/a
Mar
Jan
Duke Power Co
Cable Electric Products common
Marx
23
100
117
107
107
Hoc
Co
~1%
common.——...i_25c
71
3/64 Jan
Feb
,
4%
117
*
9%
~3%
n
Tff
4%
„10
104%
31%
Jan
Jan
.100
"l%
—
Jan
3
% Mar
65%
.100
Oil
Jan
15%
200
9 Vb
47% Mar
Apr
56% Jan
33%
_•
Corp
97%'Feb
9% Jan
6,900
*
—
..
16%
100%
Jan
Feb
9%
i)
Iff
4%
comu**.—1
Bridge Co Ltd—...uiL-aai—•
100
100
6%
20 %
6,400
Distillers
—
Feb
10% Mar
Jan
200
450
8%
Consol
2% Mar
2%
22%
2%
Apr
3%
2% Mar
370
,
3*2
22%
6%
8%
Divco
...
Sullivan
&
3%
1,200
17%
Power—
preferred
preferred
Inc $3
Butler
4 % Mar
Jan
•
Buffalo Niagara At East
Burma
3%
21%
5
Buckeye Pipe Line—1—
Burco
~4%
~4%
21%
•
1
common
common
Brock Silk Mills Ltd
$5
600
68
J2
21%
—l
Co
6%
•
Forman Distillers
vBrown Rubber Co
Bruce
4
•
Class
Brown
4
—
*
B
Class
64%
"7%
Consolidated
Feb
Ltd—
"
British
14% Mar'
7
Mining
Consolidated
Feb
15%
£1
15%
•
Feb
1%
Tobacco—
Am
•
Co
68
& Smelt Ltd. ...5
...1
Retail Stores
Consolidated
■
:
...
6%
Feb
Feb
Jan
37%
1,900:,
Feb
81%
1 % Mar
37% Jan
4% Mar
900
2%
Feb
Apr
Jan
150
.
40
Jan
5%
3% Mar
1,700
Lighting
1,400
—
1,000
2%
37%
5%
Mfg Co
"9%
**
7%
7%
7%
38%
Jan
%
Jan
10
5%
Curtis
104%
-
2,200
5%
Curtis
13%
22%
Jan
11%
,
Feb
9
I
r-i O ^
~5%
"5
1
Feb
100
"9%
*
B
preferred
500
Utilities
Jan
105
Jan
Mar
Mar
11
200
3%
.
Jan
101
9
31%
5,600
14%
series B preferred
preferred series C
3%
22
Jan
9%
1,100
100
....
Apr
15%
3%
TOO
12%
Jan
2% Mar
1,400
'
21
Jan
"
Brill
Apr
Jan
%
•
Biscuit
-
100
Preferred
Jan
Mar
3
7
1
& Coke Secur common
Gas
Mar
47
47%
•
preferred
Jan
13%
13%
3%
25
1
4%%
Feb
Jan
2%
•
Inc
Jan
1%
14%
6%
12%
12%
1
Borne Scrymser Co
37
Jan
Jan
6%
—
1
Co common
Jan
•
12
•
optional convertible preferred
(SJ & Co
34
35% Mar
%
14%
"%
Fdy & Mach Co com..*
Blumenthal
Breeze
Feb
2%
•
W> common
Brazilian
Mar
14% Mar
127%
Ridge Corp common
1st
~8%
•
common
Bourjois
Jan
22%
25
1
common
(H.C)
Feb
:: 77/a Mar
•
preferred
7%
1
Bohack
3%
14 % Mar
1
(E
Jan
Jan
100
common
Berkey & Gay Furniture
Birasboro steel
5%
6%
1
At
Blauner's
Apr
4%
15%
warrants-
1946
Consolidated
Feb
15% Mar
2%
"
10
Bickfords Inc
7%
100
8% Mar
40% Feb
100
common
Hedges common
Convertible preferred
$3
Feb
•
common
of Canada
Tel
Blue
6 y4
15%
1
convertible preferred
$1.50
extended to
c
Consolidated
Inc—
Mnis inc
Bellanca
Bliss
2,100
7%
40
6%
1
Brummel
Beaunit
Bell
40
8
1st preferred
Ties
7%
1,500
25
&
$1.20
Beau
6%
...1
common—;
Seelig Mfg—
convertible *A common
Barlow
t
Conn Gas
Mar
Feb
Feb
Compo Shoe Machinery—
Jan
20%
6%
50
14%
100
Southern
103
4
32%
10% Mar
Jan
2,000
31%
109"% Mar
8% Jan
18
31%
7s Mar
85%
3:
%
2%
Consol G E L P Bait common
23
%
25
Electric—
&
Jan
8%
%
~5%
Public Service
Water Service
Consolidated
22%
7
30
Co
Rubber
Barium
22%
Gas
92%
;
so;
•
preference
5%
Jan
23
9% Jan
100
Mar
8%
1
Mar
17% Mar
*
Fire Arms
2
Feb
7%
.
Feb
13%
•
Airlines
Patent
7%
14%
9 .100"
16
300
7%
Jan
Jan
Jan
8% Mar
100
common
Jan
8
29% Mar
2,200";
Colorado Fuel & Iron warrants
Colt's
8
4%
"9% ~9%
Co
Mar.
% Mar
7
Jan
.
10%
10%
100% 102
*
Co
115
Feb
% Jan
17% Jan
1,400 '•
1,050 r;'
,
104% 106%
Development ordinary
44
Jan
Jan
10%
"9%
Plow
,
101
1
4
common
Feb
Feb
8%
6%
200';;
7%
7%
,
1
Corp
Utensil
9%
7V8 Mar
105%
*
10
Co
Coal
Cockshutt
Apr
Jan
5%
common
•
Lights Inc
Lambert Mfg
Electric Illuminating
Aluminum
Club
Feb
1%
400
•
Neon
Cleveland
4%
for
warrants
prelerred
7-A
Baldwin
Controller
Jan
75
10%
7%
_•
City Auto Stamping
City & Suburban Homes
1%
7%
•
!
preferred—
preferred B
60c
$6 preferred BB
Locomotive—
Purchase
Mar
15%
3
2 % Mar
1
r-i 0
1
500
3
B
&
Apr
93
Mining
Cleveland Tractor
3
5
—25
1
Wilcox Co—
Babcock
106
Jan
15%
Clayton 81
1
Collieries
Jan
82
%
Claude
800
_•
<B Ft & Sons common
Avery
97
150
89%
28 %
Clark
:
5
1
Machine
100
90
104
5
'' %
Jan
6%
1% "1%
Products
Automatic
106
5
25
Co
>27%
Jan
Jan
'
Automatic
13%
%
Apr
Jan
7%
1
Drop Forge common
Atlas Plywood Corp.—
250
28%
9%
Jan
7%
900
6%
warrants..——
Atlas
13%
1
9%
97%
1,600
9%
—
50
i
13%
Jan
99 y8 Mar
Jan
% Jan
6.
Jan
7% Jan
4
106%
30
8
9
—
1
Corp
50
*7%
10
§C.hilds Co preferred —_......—.100
Feb
6%
•
Fisheries
Coast
7%
8%
Co__5
Chief
4% Mar
7%
& Coast RR Co pfd—100
Birm
Atlanta
7%
Apr
Jan
97
112%
Chicago Rivet 81 Mach
Mar
110
Jan
9%
1,200
6
comiilon___.__.___.___io
Feb
Jan
4%
7%
900
cities service
Jan
21
6%
Jan
3%
12'/a Jan
Jan
6
1
3
106%
Jan
3 % Mar
•1,000
8
50c
Jan
102
♦
10
21
500
3%
pfd——100
3%
120
8% Jtfar
90
Jan
10
9%
8% Mar
200
2%
1,000
Feb
16% Mar
9%
600
3%
Feb
111
Jan
99%
6
109"
116
Jan
9%
4% Mar
13
108%
1%
114% Mar
1,900
1
Jan
—
.
Jan
pfd—100
Weather Strip
Consolidated
Mar
48%
7%
99
Jan
.
Feb
9
Apr
7%
common
Jan
25
Jan
•
com
....
Shaft
Feb
3%
Utilities
Chicago Flexible
Clinchfield
Tei & Tel class A
Associated
Light 1%
Co
Metal
Corp
Jan
2
13% Mar
3%
Prooucts
West
144
Jan
108%
12%
10
14%
14%
•
Cherry-Burreil common
Chesebrough Mfg
Mar
Apr
5%. Mar
1
5%
Power
Steel
&
14%
1
4%
2% Mar
•
Associated Laundries of America
110
2,900
5~%
Apr
Feb
7%
190
115
110
3%
£1
dep rects reg
115
Elec
&
Jan
1% Jan
111
5%
Jan
46
10
Gas
A'rcraft
100
220
110
;
York
9
47
115
America
South
26
Apr
/fi¬
21%
Feb
1% J*.n
X23
9
46
•
& Co
Power
Central &
Jan
500
.1%
12%
1
com..
of
Ohio
22%
Apr
Co
M)
40
,
105%
15%
Mar
xl8
Electric Industries—
American
W)
(J
50
1
Associated
Carter
1%
preferred..*
Products
25%
Jan
144
1%
•
common
,34%
125
.
250
5
Refining Co
&
Mar
Corp
Carrier
16 Va
2.50
new—:
Works common
Oil
Ashland
36%
Jan
4%
4% Mar
•
Carolina Power 81 Light $7
$6
preferred
27%
preferred.*
Power & Light $7
Equipment Corp
Metal
6% Mar
Jan
300
♦
common
41%
10
preferred
Mar
111
Jan
5%
17%
•
class
Common
Art
300
88%
•
Arkansas
107
125
•
5%
21
•
—
Co
27%
2
Arkansas Natural Gas common
Aro
Carnation
-
,5%
.1
class A
Co
Class B
Jan
35%
Angostura-Wupperman
—
1
Apex-Elec Mfg Co common
•
Appalachian Elec Pwr 4%% pfd—100
6%
Mar
28%
'
Fence..
Post
Anchor
16%
Jan
25%
•
•
Thread 5% preferred—.—5
Writing Paper common—*
American
&
Jan
Jan
Jan
1
16%
10
2
preferred
$6 series preferred
$6
1st
Carman
1%
15%
26%
8,800
25
100
—
Products
City
50
36%
superpower Corp common..*
American
Capital
17%
•
common
Feb
2,100
6
•
Republics
American
7%preferred
16%
1%
21%
•
Canadian Marconi
27%
1
Co
Chemical
&
41%
37% Mar
100
Meter Co
Feb
45
Range since January 1
Low
21%
•
—
voting
non
Shares
High
Alcohol—
voting
Class B
Sales
for Week
Canadian Industries Ltd—
2% Mar
Feb
Feb
4,600
.
110
25
Mach
Preferred
41% Mar
1%
1
.
20
Light & Trac common
25
6% preferred..——
—25
American
Mfg Co common
100
Potash
Industrial
28%
6
—
1
..
40
109
—
1
Maracaibo
Canadian
44% Mar
Jan
Low
Par
27%
,
10c
Laundry
Mar
7% Mar
'
Range
of Prices
Canadian Car & Foundry Ltd—
Participating preference.—., ....25
16%
lVe
27%
American
American
39%
v 1
■
.100
common
$2.50 convertible preferred
American Hard Rubber Co
American
f
38%
—
10
preferred..—...
$2. convertible
33
35%
50
_•
common
Electric
Corp
21/2 Mar
38% Jan
500
39%
Power warrants-
Hoe
&
&
General
American
Jan
43
10
preferred
American
5%
1 %
10
non-voting.
American
28%
1,200
25
1
American
32%
80
7
Last
Htun
Jan
Jan
25
A
Cyanamid
4% %
6%
300
Class A
Class B
American
32%
,
1
Lou.
2Va
Week's
Thursday
Exchange
Sale Price
wight—
A
American
2
100
Power
class
Convertible
2
Curb
Range since January l
Shares
High
Low
1
Co__
Central
American
of Prices
Par
American Beverage common
New York
for Week
Range
Sale Price
STOCKS
Sales
Week's
Thursdayn
"
1
WEEK ENDING APRIL
*
STOCKS—
1469
l
Power
:
Insurance
Assn
Cement,Co Ltd 6%%
footnotes
see
page
l
5
pfd—100
1473.
6% Mar
"5%
—
7%
5% Jan
4% Jan
—
10
Corp
7% Mar
6% Jan
Feb
East Gas & Fuel Assoc common
4%%
6%
preferred—
100
.
Fa<stprn
Malleable
Trnn.
2
—*
prior preferred..—100
...25
36%
•2
65%
37%
2% Mar
70
Mar
40
Mar
2^
Mar
1470
THE COMMERCIAL & FINANCIAL
CHRONICLE
Monday, April 10, 1944
NEW YORK CURB EXCHANGE
RANGE
8TOCK8
New
York
Curb
Week's
Range
Thursday
of Prices
Sale Price
Par
Eastern
$7
States
Loto
$5
preferred v
Easy
t
Low
36%
35
35
44
—1
c
125
$5
Bond
Share
&
33%
33'/*
Jan
40%
46%
2,325
35%
Jan
600
5%
5%
8%
9 %
92%
warrants
%
Esquire
~5%
Inc common
% Mar
8%
30
—
Jan
10%
500
2,400
33
31%
1,000
20
of
1%
1%
t
v
Falstaff
Brewing
2
2,500
Insurance
of
Co
North
International
44
Feb
Apr
International
38
Metal
5%
V- Warrants
International
Feb
Registered
shares
International Products
Mar
12%
Jan
Feb
2%
Petroleum
rets ord reg
Motor of Canada—
Am
60
Ford
4%
—£1
dep
Jan
Class
A
non-voting
B
voting
20%
"
Class
25% Mar
60
63
60%
110
4%
2,000
200
18
Jan
4%
*
7%
Jan
20%
bearer
Co—
Franklin Co Distilling
19%
Froedtert Grain
$3
3%
stock
——
3%
Feb
16%
16 %
50
13%
13%
100
Jan
Mar
2%
32
84%
83%
84%
400
77%
Feb
16%
17
500
14%
Jan
8%
;
8%
3%
3
800
500
Feb
Jan
7%
Jan
3
Mar
Apr
17% Mar
Jan
10% Mar
3%
—
Feb
16
15^4 Jan
8%
8%
17%
Mar
Hosiery
Jan
Jan
7%
Jan
8% Mar
1%
400
1%
Jan
2
20%
21%
600
%
2,800
32
27%
29
18% Mar
24%
10%
29
Apr
44
——
.
10%
'
'
—
Feb
48
Mar
Feb
1%
Feb
25%
Feb
Jan
12%
Jan
25
10%
200
%
2,100
r
19
7
% Mar
19%
150
17%
♦
300
7%
Jan
1%
100
%
Jan
-
8%
'
Jan
%
Jan
8%
"
8%
Jan
ft Jan
Jan
1
—
—
•
1
Feb
21%
■A Mar
400
—
*
preferred
19
100
3*2
29
*
Mills
Power $7
9% Mar
19%
Jan
1%
21%
-1
Royalty
Jan
17 %
7%
•
1
7%
17% Mar
7%
;
•
Equipment
800
3,900
——
10
Razor B
8%
17%
17
—
,
Italian Superpower A
Feb
4
18
Jan
45
*
1
Glass Co
Julian & Kokenge Co
Mar
f
•
3
"
Jan
20% Mar
"
9
Mar
3
500
3
Feb
3%
Jan
5%
——
6 %
3,700
5
Jan
7%
Feb
2%
200
2%
Jan
2% Mar
87%
Feb
94'A Mar
.
93
98%
93
75,
96%
98%
105% 105%
105%
•
90
92
10
100
Jan
18
Jan
__
__
58
Jan
X68
1% Mar
2%
5%
Jersey Central Pwr & Lt 5%% pfd—100
6% preferred
—100
7% preferred
100
147/b Mar
Feb
1
Jeannette
Jan
10%
1%
'
Jacobs Aircraft Engine Co
(F L) Co
Jan
37
•
Jacobs
Jan
52% Mar
16% Mar
prefer red——-—100
27
Jan
Jan
3
--
50
•;
Feb
1%
21% Mar
700
1
common
3%
J
Malt
&
convertible
A%
20%
Jan
2
(Geo A) Co
conv
Feb
19%
45
1
1%
3
Iron Fireman Mfg voting trust ctfs—•
Irving Air Chute—
1
Feb
__
8
Brewing
(Peter)
Fuller
4%
Home
Interstate
Mar
Jan
rets
dep
Amer
300
1%
8%
shs_.•
Utility class A
Investors
Feb
of France—
Motor
Ford
20%
70
16%
•
prior preferred
Mar
14%
5%
25% Mar
Jan
66%
Jan
—
♦
Interstate
100
110
Jan
46%
*
Interstate
300
4%
coupon
B
$3.50
15 Vs Mar
6
25%
Mar
42%
290
"6
$1.75 preferred
10% Mar
Motor Co Ltd—
Ford
Fox
Jan
Jan
106
70
57
—
Apr
23
70
56
•
—•
5%
Feb
Feb
23% Mar
53
1
A
;v! 10
55
50
Inc
Jan
'
Mar
800
5%
25%
—
10
•
Industries
Jan
Feb
55-%
International Minerals and Chemicals—
31%
1%
2,300
9
53
30
series
Industries
International
1 % Mar
Jan
Jan
22%
''
108% 109%
1%
Cigar Machine
$3.50
12%
12%
100
9%
V
2%
9%
5%
--
Hydro Electric—
Preferred
High
Jan
10% Apr
11% Mar
100
29%
America
International
Jan
7%
—
Low
1,800
>
■
—
11%
11%
1
common
Jan
16
15%
25%
—-»
——
Association
Fire
2%
16
& Warehouse Co—25
(Phila)
—10
Federal Compress
10%
—
'
Mfg Co
Fedders
10
•*
f
Metallurgical
Fansteel
10
Range since January 1,
.■'
10%
100
c
preferred
Class
1
•
&
100
Mar
31
18%
—1
Airplane
&
Engine
Britain
preferred
International Safety
Fairchild Camera & Inst Co
.
11%
9
Great
Jan
10%
Jan
4%
100
11%
£1
International
Fairchild
•
Mar
10%
1 % Mar
175
High
5%
•
Tobacco
Shares
£1
coupon
Industrial Finance
Apr
116
42% Mar
8% Jan
1%
Feb
10%
Jan
...1
Eversharp
Feb
Jan
5%
(Can)
Low
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred
100
1 % Mar
8%
20
regis
rets
Ireland
65% Mar
103%
5%
,_50
95
50
38
(or week
/
,
Imperial Tobacco of Canada
93% Mar
Jan
Jan
2,800
37%
—1
Incr
Jan
88%
10
1%
1
Pipe Line common
Eureka
1%
dep
Imperial
10% Mar
47
100
Sales
Range
—
Jan
200
30%
10
.10o
Equity Corp common
$3 convertible preferred-——
Chemical Industries—
Imperial Oil
15% Mar
112
9%
111
Am
Feb
Jan
400
10%
30 %
10
[—5
Equipment
&
Feb
Mar
7%
200
%
IOV4
.100
6% pfd —
Empire Power participating stock.
Empire District Electric
Derrick
40%
5
1,400
58
Week's
Last
Par
Imperial
48% Feb
6in Jan
51.100
93%
57%
—
1
Electrographic Corp
.-15
Elgin National Watch Co
4
Emerson Electric Mfg—------—
Emsco
X92
58
2d p!d Ad¬
Power & Light
option
Jan
83%
preferred
preferred
$6
Electric
Thursday
Exchange
Registered
5%
8%
B
common—
Curb
of Prices
Jan
50
Economy Grocery Stores
Electric
York
High
1
15
Machine
Washing
35,
35
preferred series B
Eastern Sugar Associates—
7
STOCKS
High
35
preferred series A
APRIL
Range since January 1
% Mar
$6
ENDING
New
Shares
•
Corp
WEEK
for week
Last
Exchange
FOR
Sales
Mar
Feb
98% Mar
105%
Apr
18% Mar
K
Kansas Gas & Elec 7%
Gatlneau
5 %
Power
Co
preferred
Mfg Co
General
Gen
7%
Feb
8
Jan
Kennedy's
70%
Feb
73
Jan
common
I
2%
2%
100
1%
Jan
3
Feb
•
1%
1%
300
iil
Jan
1%
Apr
Alloys Co
Electric Co Ltd—
Amer
dep rets ord reg
General Finance
5%
Corp
£1
Gen
Fireprooflng
Jas
General
&
Elec
$6
Public
common
Shareholdings Corp
A
17%
118
90
14%
100
110
115
1%
1%
119
Mar
90
Mar
Jan
79%
1
Mar
Feb
2
% Mar
79%
75%
40
Jan
83
Mar
Jan
46%
46%
75
111%
111
50
41%
101% 104%
100%
50
112%
—
Jan
105%
Feb
9%
Godchaux Sugars
Class
B
$7
15
„
14%
38%
S3
10%
Mines..
Mfg Co
Inc
Feb
—50
——
-
Mfg
70
common
70
.
70
10
f'u
.
Lackawanna
Mar
16
Class
%
Jan
~6%
Feb
70
Apr
Leonard
Le Tourneau
Feb
32
100
4%
Jan
7
Mar
400
7
Jan
11%
400
84
Jan
93% Mar
Great
Tea—
a
stock
Northern
Paper
Gulf
Stores
32%
91
136
common.
$5.50
•
pfd
Jan
——
136
Line
Oil
Mar
33%
Jan
Locke Steel
Feb
7%
Jan
Lone Star Gas
4'/b
Feb
Long Island Lighting
111%
Jan
1%
112% Mar
Mar
Corp
Hamilton
Bridge
Hammermill
10
Light
Hearn
Dept Stores
6%
22
22
4%
8
25c
3%
~4
~7%
Preferred
common
(Geo A)
(A
&
& Hardart
Si
5%
Co
Co
M
8
common
•
•
50
•
Co
Mar
50
Mar
|1%
Feb
1%
2%
Jan
4%
Jan
common
Jan
6%
Jan
10
Jan
11%
Jan
13
Jan
100
26
Jan
17
850
12
Mar
Jan
19%
900
19
Mar
28%
400
24
Feb
4%
44
11
Jan
10%
-
9%
10%
4,300
36%
36%
20
4
119
4
300
119
119
10
26%
15%
Merritt
1,000
13
33
36%
3%
119
25%
Jan
Jan
Apr
Jan
Jan
.
Apr
119
Apr
267/s Mar
111%
Feb
18%
41
41
4%
8
3
III
26
2%
26
8
11 %
42%
,
4,500
4%
7 600
Feb
38%
Jan
43% Mar
4
Jan
5% Mar
6%
Jan
8% Mar
"
is
100
3
20% Mar
2,300
11%
2%
Jan
3%
Feb
450
28%
20%
Jan
28%
Apr
9%
Jan
13
500
Mar
•
7
50 A
6%
46
7
4%
Jan
7% Mar
—,
Co.
1473.
46%
1,200
43%
Jan
13%
13%
14%
2,500
9%
Jan
14% Mar
10%
11
200
9%
Feb
11%
-
46% Mar
Jan
1,400
Feb
9%
'
110
Feb
Jan
12% Mar
Jan
21
26% Mar
Feb
100
3
Mar
5% Mar
10
4„"V.
25
Feb
35% Mar
33
Feb
%
4,100
16
Jan
1%
Jan
28%
400
27%
Jan
29%
Jan
10%
200
10
Apr
11% Mar
200
10%
Feb
11%
Feb
100
22%
Feb
25 ;•
Apr
100
1%
18%
Jan
Jan
150
15
Feb
4,500
8
Jan
V
Feb
*V
<•-.%
.
10
11
11%
•
25
•
25
<
-2
20%
16%
8%
8%
;
25
„
i7a
65%
-
5%
: 63 •
58%
;
65%
-V'l u
.1 1,500
-
325
■C
'
51
20%
58%
1,825
6%
-7%
4,200
6%
109%
Jan
>•
Feb
Jan
69% Mar
Feb
50
Apr
8%
1%
Jan
57%
111% 111%
Apr
16%
Jan
49
.
2% Mar
61%
Feb
7%
Jan
.
7
111%
■
—
r
1
•
'
27%
•
27%
200
111% Mar
26% Mar
28% Mar
v; .>
'•
•'i'
:lO
riO
1%
:~8%
T"
.
1%
200
8
8%
500
1%
Jan
5%
Feb
2% Mar
~
-
8% Mar
Jan
81
33
_i
Feb
33 % Mar
Jan
Com¬
•
&
v
c
.1
1%
~37/B
•
common
_8%
4
•
100
15
.•
new
Midland
Oil
4
6%
7.'"
t
Feb
7%
27/a
Jan
c
3%
4%
10%
151
Feb
Jan
Feb
Jan
Mar
Jan
4% Mar
Jan
52% Mar
6
Jan
400
8
Feb
Jan
1%
Feb
99% Mar
103%
Jan
2
Apr
3
Mar
%
II"
1%
1%
1%
Jan
2%
Jan
14,600
f
36
Jan
36
Jan
110
__
*_l
Jan
116
Mar
2% Mar
4%.
•
5
150
■
.y %
r." n
6%
6%
200
1
6%
t c.l
9%
I" 4%
6%
6%
3%
Jan
Jan
5%
Feb
11 Mar
400
6%
lit
Feb
Jan
7%
Feb
6
9%
2
10%
10%
100
5%
Jan
400
8
Jan
2%
500
1%
Jan
2% Mar
10%
5,300
9%
Jan
11% Mar
9
1
Corp common
5
Corp $2 conv preferred..*
Jan
Jan
41
2.50
v
8% Mar
1.200
10
Micromatic Hone Corp
1
Middle States Petroleum class A
v
u
1% Mar
200
4
£%
—
B
7
900
1
Preferred
West
4
9%
8%
25c
Michigan Sugar Co.j
Class
26
Jan
800
II
1
Textile Corp
A
Participating preferred
Metropolitan Edison $6 preferred
Middle
Feb
Jan
1.300
138
9
.
Scott.
Michigan Bumper Corp
Michigan Steel Tube.
6
1%
•
,
common
81
0%
•
»
Gas
Stores
Chapman
5y8
11%
4%
•6%
t
•
Co
19
•
common
Jan
10
10
7% Mai10% Mar
Mar
Midland
Steel Products—
$2 non-cum dividend shares
Midvale Co common
Oil
Midwest
Piping <te
Mid-West
■
•••'y 23
23%
Supply
Refineries
150
20
24%
100
24
1%
1%
500
1 %
10
Co
Mining Corp of Canada...
Mining & Mfg
Minnesota
•
50
Abrasive
Midwest
3,900
105%
—
12%
Ltd
Metal
Mar
4% Mar
—
•
•
6 % % A preferred
Messabi Iron Co
Jan
111
__
page
Co
Dredging
Johnson
Mid-West
see
mil
Radiator & Mfg B
Mercantile
Jan
12% Mar
36%
•
common.
footnotes
Co
Memphis Natural
Feb
11
For
(The B)
Harris
Mead
Jan
13% Mar
'
12
16%
•
Mfg Co
International
Marine
McWilliams
16% Mar
10%
3% Mar
28
'•I
VI
8%
■;
-1
Consolidated
Massey
Jan
9% Mar
Jan
81
McCord
Apr
22
2%
Feb
__
Mar
30%
300
"
0
Marion Steam Shovel
Mass Utilities Association
Apr
27%
3%
'2
..100
Light $6 pfd
Margay Oil Corp
Jan
17
Jan
j*
common
munication
14% Mar
14%
•
I
preferred
Zinc
Corp
Marconi
7% Mar
19
8
preferred
Illinois
Power &
Manischewitz
Mapes
Jan
Jan
27%
27%
30
Jan
Jan
3
4
-
m*
•
100
Manati Sugar optional
warrantsStores
6 % Mar
3%
15
Jan
20%
Mangel
Apr
5%
48%
Jan
2%
M
Feb
9%
j
Hydro-Electric Securities
Hygrade Food Products
Illinois Power Co
24
Jan
27%
26%
Ligonier
xl9% Mar
15
3
_
,
common
conv
13
loo
—
Corp
5%
100
•
Hummel-Ross Fibre
Jan
27%
17
1
Hardart
Hussmann
1st
13%
•
Baking Co
preferred
5
Jan
12
XXI"'
•
10%
Mar
Jan
37
400
»
Warrants
common—
Hubbell (Harvey) Inc
Humble Oil & Refining
Huyler's
2,000
•
Horn
Horn
•
10
Inc
Horn
8
41%
"7%
13
2.50
& Co class A
C)
500
5
Hollinger Consolidated G
Holophane Co common
Jan
28
"4
13%
25
common
Heyden Chemical
Horrnel
100
2
Henry Holt k Co participating A
Horder's
5,900
~7%
—
(R)
4%
5%
~4
4
common
Hewitt Rubber
400
5%
♦
Co
300
1%
50
Class A
Hoe
22
1%
1
Rubinstein
Heller
5%
47
1
common
preferred
Mining Co
Helena
200
25
voting trust ctfs
Brewing Co
Hat Corp of America B non-vot
com__l
Hazeltine Corp
•
Hecia
7%
"
Rayon
Harvard
7%
Ltd.
Paper
Electric
Hartford
7%
5
Co
Hartford
u
28
.
—8
380
10,900
2%
33
—.5
preferred class A
Lynch
H
Co___
Mar
9% Mar
,5%
new common- ...10
Exploration
Lamp
Feb
13
Jan
14%
I
O,
;
25
A
Chain.—
preferred class B
Louisiana Land «fc
Louisiana
Hall
95
Feb
47
■■
•
6%
Jan
110
Feb
12%
7%
2%
'
10
_
Jan
109
84%
300
9%
13%
1
'
••I
1
Brothers common.
Loblaw Groceterias Class
6%
10
Mar
9
3%
1—25
Lit
29%
40
Jan
Mar
•
•
Corp
Lipton (Thos J) Inc 6% preferred
Feb
150
111
20
106
Feb
44%
2%
5
300
111
Jan
Jan
14%
-III
(R G) Inc
7%
111'A 111%
8%
100%
•
Material Co
Lionel
3% Mar
1
100
47
1
Development
32%
•
Jan
16 % Mar
12% Mar
100
rmm
•
111%
Gypsum Lime Si Alabastine
132
7/b
Feb
Mar
9
9%
,.100
;
7
!iic
preferred
50
\l Mar
—
5
preferred
32
•
Products
States. Utilities
$6
91
136
-25
Greenfield Tap & Die
Grocery
91
TOO
,
B
Convertible
Jan
6%
9%
Pacific
100
9
•
Lefcourt Realty common
%
Si
7/0
__
Jan
6
common
Corp of Delaware.
Jan
9%
preferred
Jan
5% Mar
102'A 103
Langendorf United Bakeries class A—*
6%
1st
3
Jan
16
1
Apr
9%
1%
9
102%
1
Apr
30%
Feb
Feb
4%
15%
...100
11%
—1
Non-voting
(N J)
Mines Ltd
%
-10
55
2%
12
1
104%
40% Mar
—8
Great
RR
Lake Shore
Gray
Co
Atlantic
Jan
1,200
1,400
%
10
Lakey Foundry & Machine
Feb
Grand Rapids Varnish
Mfg
45%
3
5%
100
special preferred
Co
11% Mar
Jan
Jan
50
2%
—
—100
preferred
Feb
Feb
5%
1
Feb
56
66
Feb
;r;%
..
51%
Jan
Mar
;■
.
)—
111%
56
•
Jan
..
Jan
10
10
9
4,000
——
51%
3
1
104
10
*****
—
—
1
Lane Bryant 1%
preferred
Lane Wells Co common
37%
600
%
100
■„
63
-
*
15%
13% Mar
150
11%
V*
class A
preferred
Gorham
39%
104% 104%
Consolidated
Goodman
Gorham
4,300
H)
Feb
—
63
Brewing
Lamson
class A
preferred
Goldfleld
15
(S
Kreuger
Jan
Feb
10%
17%
111% Feb,
__
.1
1st
124
Jan
51% Mar
Jan
10%
——
Gladding .McBean & Co
Coal
11
51% Mar
•V-. vi.'l
convertible
Kress
Mar
47
Mar
common
Co
Alden
11% Mar
Jan
111
.10%
104%
•
100
Koppers Co 6% preferred
Kresge Dept Stores—
4%
Jan
9% Mar
9%
—100
Knott Corp common
Kobacker Stores Inc
77% Mar
Mar
1%
300
Preferred
Glen
121%
9
Kirkland Lake G M Co Ltd
Klein (D Emil)
Co common
Kleinert (I B) Rubber Co
17% Mar
Jan
Jan
common
preferred
(A C)
Feb
8%
com
Georgia Power $6 preferred
Gilchrist
Jan
Mar
79%
stock
preferred
Gen Water Gas & Electric
$3
preferred
Gilbert
500
90
89%
convertible
$5
17%
118
8%
Inc
Key Co common
Kimberly-Clark 6% pfd—
Kings Co Lighting 7% pfd B
5% preferred D
Kingston
Products
Kirby Petroleum
Feb
4
1
Rayon
General
Co
13%
Feb
Jan
74
pfd
10
$6 preferred-
General
$6
17%
118
6%
Service
Jan
3%
8
10
preferred B
Outdoor Adv
General
12%
1
common
preferred series A
General
100
Ken-Rad Tube & Lamp A
-
f.
Gellman
preferred
•
100
common
8%
8%
1,000
8%
Jan
8% Mar
15%
Jan
2%
2%
200
•
4
1
24
L_
■
24
-■
2%
•
,
•
59
58%
59
125
2
Jan
23%
Apr
26%
Feb
Jan
2%
Jan
Feb
1% Mar
52
Mar
17
Apr
Jan
2% Mar
lit
59
Apr
Volume" 159
Number 4271
THE COMMERCIAL & FINANCIAL CHRONICLE
1471
NEW YORK CURB EXCHANGE
RANGE
STOCKS
New
York
Curb
Week's
lie Price
of Prices
Par
Minnesota Pwr & Light
WEEK
ENDING
APRIL
for Week
Last
Exchange
FOR
7
Sales
Range
hursday
Low
STOCKS
New
Shares
High
.
Low
,'
,
York
Curb
High
100
97%
Jan
100
Feb
Phila Electric Power 5%
Mississippi River Power 6%
pfd
100
109%
Jan
114
Feb
Phillips
Packing
common
•
*9%
"9%
8Va
Jan
Apr
Phoenix
Securities
2.50
19%
18%
Mock Jud Voehringer common
Molybuenum
Corp
1
10
•
19%
Monarch Machine Tool
Pictures
Monogram
common..
>.. 4
1,700
171% 172
120
Society A
Mountain City
States
17
3i
;
1%
"1%
5%
oo
5%
10
"1%
A
5%
*
common
Mountain States Tel & Tel
'.V.ii'V1'-. '.21
100
128
•
715
Murray Ohio Mfg Co_
_—2 %
Muskegon Piston Ring—
Muskogee Co common
>;i
21
A-A
18.
'
127,
-
128
;
,..
.
15,,V 15
12%
■
;'
Jan
11% Jan
6%
N
131
...Feb
16
Mar
A 13%
Jan
..
.
10% Mar
Jan
Jan
64
VA
Feb
Jan
Mar
80-v
,4,
/
Pneumatic
Scale
•
Corp
Bellas
Hess
National Breweries
7%
preferred
National
City Lines common
preferred
National
Nelson
5%
5%
100
2,100
12
Feb
13% Mar
50
50
Jan
58
Feb
11%
Jan
12
4 %
Jan
7
10%
'Apr
11%
12 %
Apr
13%
Jan
20%
20
20%
2,300
18%
Feb
21% Mar
9%
9Va
9%
250
8%
Jan
12%
600
11%
Jan
"1%
12%
1%
1%
500
1%
Feb
3%
4Va
1,800
29%
29%
300
;
4
29%
1st pfd
3%
•
Nestle Le Mur Co class A
~6%
*
$2
New
Idea Inc common
New
Jersey Zinc
New
Mexico
Y
Auction
Y
N
Y
&
N
common
55%
Power &
Y
4%
Water
Y
6%
Niagara Hudson Power common
57c
Class
A
Nipissine
Noma
104 Va
40
55%
56%
3
•••'.
«...
12
5
87%
114%
American
North
7 7c
Novadel-Agene
8
Jan
8
Jan
115
99%
50
93 Va
Jan
12 %
13%
200
11%
Jan
11
13%
Mar
101
Feb
Mar
14% Mar
Jan
13
Mar
8%
Jan
10
Feb
71%
Voting
Jan
75
Jan
Apr
154
Jan
Packing Co.
Raytheon
1
27%
2%
Manufacturing
Roller Bit
common.
Co
5914
Jan
Republic
Feb
Rice
Aviation..
Stix
Mar
Richfield
4
Mar
Richmond
Oil Corp.
warrants
13%
112%
Jan
116% Mar
Roeser
102
Jan
10514 Mar
v
Apr
IT'A Mar
Petroleum
Root
Jan
75
Jan
Royalite Oil Co Ltd
Jan
Russeks Fifth Ave
Jan
Feb
77
Jan
400
Aeronautical Co
Ryan Consolidated Petroleum
Ryerson & Haynes common
32
J an
Mar
Jan
106%
13
914
Jan
1%
Jan
2%
4%
Jan
614
Jan
%
3.000
%
Feb
114%
650
Jan
%
103
200
114% Mar
Jan
28%
Jan
31% Mar
28
•
Jan
31
52% Mar
Jan
1
4%
100
5%
Mar
54% Mar
%
5%
Jan
5%
Mar
Apr
10%
4.900
7
87
Jan
87
Jan
105 V* 105 %
30
104
Jan
108
Mar
114
Feb
116
Mar
93/4
13%
•
St
13% '14%
2414": 25%
Jan
7%
6.500
10% Mar
Jan
14%
Jan
23
300
1,200
11
800
%
Feb
Jan
4%
Feb
Jan
3%
13%
Jan
1 % Mar
2%
2%
1,200
2%
Feb
%
%
1,000
%
Jan
% Mar
Jan
107% Mar
11%
11%
600
10%
Jan
2%
2%
100
2%
Feb
5%
300
105%
__
11%
5%
14
—
5%
3%
Jan
15%
Feb
12% Mar
2%
Jan
5%
—
Jan
Jan
19
17
-
__
Mar
17%
__
Jan
18
Jan
9
Mar
6%
Jan
Mar
8
3%
•
3%
3%
Jan
3%
300
Jan
4%
Jan
'■
A 5%
5%
300
5
Feb
5%
Apr
V/a
1%
1%
1,000
1%
Jan
2 Ve
Feb
5
100
4%
4%
4%
4,500
4%
1
"9%
-
~
1
27% Mar
Apr
Corp Ltd
Lawrence
Class
St
■
Oil
Dome
149
Oil
Co
common
•
(D
A)
Convertible
Scranton
Electric
Lace
Scranton
$6
Feb
8%
Feb
10% Mar
3%
300
2%
Jan
4% Mar
2
1200
16
16
100
Jan
x63
30
x63
28%
37
Feb
Feb
2% Mar
Jan
1%
14
17% Mar
2%
1,100
1%
Jan
69%
2%
25
25
preferred
156%
10,400
32
16
1
common
preferred
Manufacturing
Feb
Jan
146
9%
2
5
Co
Schulte
50
"5%
9%
*
Savoy
Schiff
Bcovill
149
Jan
3%
1
common
Mills
Sanford
2% Mar
50
Co
United Corp
2% Mar
•
pref
conv
Paper common
preferred
17c
Salt
$2
A
Regis
Samson
600
4%
4
-
1
Ryan
Feb
400
28%
12% Mar
Mar
Jan
1,000
%
110
Jan
Apr
Jan
5%
2
5%
11%
6% Mar
10%
2,400
50
,s# Mar
Jan
105
40
12 Va
12 va
"-2%
3%
106% 106%
24% Mar
n.—
83%
5%
Jan
Feb
•
Apr
200
Jan
2%
Jan
--
1
Feb
1,300
30%
Jan
1%
—20
•2%
A
Mar
21%
.
Co
74%
5%
49
12%
"
11
5
350
A
Mar
500
8,200
•
15,700
5%
Feb
17% Mar
1,100
13
5
2%
3*
x40 %
2%
—
$1.20 convertible p.referred
111
1/128 Feb
Jan
22%
pfd D— -100
Pendleton Inc
&
Cable Corp common
Roosevelt Field Inc
30%
2%
79
Jan
Feb
15%
12%
4%
1
t c—
Rome
.
28
2%
12%
1
Valley Gas Co
Rochester Gas & Elec 6%
11%
70
Jan
Jan
Mar
30
Feb
X40 %
48
26
«...
Radiator
Rio Grande
250
64
1%
15% Mar
Jan
a
—
900
16%
%
Goods
Dry
35
13%
28%
10
5
Reliance Electric & Engineering—
105
90
Jan
Jan
22
1
19% Mar
26
240
Feb
12%
10%
'
*
Jan
71
1%
525
—
__
1
2114
109% 109%
6,500
__
15%
•
•
lioa
Jan
Jan
—
16%
Reed
Jan
10 Va
If
—
•
Red Bank Oil Co
3%
1%
13 %
13
—10
common
Jan
20C
28%
51/2
13
Jan
Jan
50
V
—10
common
914
Jan
151
10
10%
1%
1%
106%
Mar
320
74
151
R
20% Mar
109 %
72%
151
Apr
10% Mar
28%
25
Corp
% Mar
Jan
Jan
Jan
Jan
28%
pfd_100
class A
Jan
7
12%
10%
Feb
Jan
50
Power
7% Mar
10%
.100
7% Mar
214
100
Northern States
37»
44% Mar
Jan
11%
Co
60% Mar
•
preferred
100
Railway & Light Securities
714
28%
1
Public Service 67o
Power
115 %
12%
%
5
RR Co
Penn
Nor Indiana
11,200
74
preferred
55%
200
•
Utility Securities
%
7%
12
common
6%
Quebec
Jan
104
1,200
A
•
Northeast Airlines
A
-10
Jan
3
50
Central Texas Oil-
Northern
Jan
Jan
6%
9,500
Feb
200
"l%
2
Light & Power common__l
preferred
•
North
Jan
1
200
—5
common
Manufacturing
Quaker Oats
Mar
24%
11%
5%
prior preferred
7%
Radio-Kelth-Orpheum option warrant*.
914
106%
—1
6%
7%
Jan
8%
"3%
"A
•
•
North American Rayon class A
Class B common
Pyle-National Co
Pyrene
1/128 1/123
North Ainer
$6
29
99%
47%
1
Mines
Jan
Jan
\t Jan
12,600
108% Mar
Raymond Concrete Pile common
$3 convertible preferred
66%
100
Electric
%
13%
Rath
50
2%
80 %
5
Corp B
6
Jan
Railway & Utility Investment A
1,250
70
'
preferred
I}
preferred
Feb
100
Niles-Bement-Pond
Nineteen Hundred
109%
••
—.
Niagara Share class B common
$5 prior
.
Feb
13
10
preferred
5% 2d preferred
Class A optional warrants
Class B optional warrants
Feb
7'A Mar
Jan
114%
Puget Sound Pulp & Timber
115
100
1st
3%
Jan
108% Mar
.10
Common
105
—
pfd.100
100
pfd
-
9
1
Service
Jan
5%
.100
1st preferred
7%
5 %
24
13%
•
shares
2
300
.100
1st preferred
7%
Jan
Shipbuilding Corp—
Founders
N
24
preferred—100
N Y Slate Electric & Gas $5.10
4,500
Feb
Mar
Jan
3%
10
Light 7%
7
29"% Mar
114
Feb
35
10
preferred
15
Puget Sound Power & Light—
Jan
59%
3
8%
Merchandise
Y
Y
16"% Mar
Feb
Feb
Mar
of Colorado—
18 Va Mar
City Omnibus warrants
$6
Jan
12%
7% Mar
Jan
•
N
1%
Jan
6%
1
N
N
4
7%
6%
•
N
2%
A
100
6 %
104
—
25
Honduras Rosario
Jan
Gas
7Va A
'
New Process Co common
Co
2%
Corp of Nevada—
Prosperity Co class B
7
.
Land
3%
200
3%
43
Jan
•
Arizona
109
"7%
4%
58%
6%
59
100
Clock Co
&
Jan
Jan
26%
America
300
•
Tel & Tel
11
95
%
18
•
preferred
England
Haven
62% Mar
300
1,000
12%
108
-
6%
7Ve
--
100
New
Jan
Jan
Jan
5%
5%
*
England Power Associates
Apr
13% Mar
Mar
87 Va
6%
9%
Jan
26
111
.5
New
55%
70
62
40%
Jan
400
100
preferred
Mar
Jan
12% Mar
Jan
10
300
12%
Co
preferred
8% Mar
Mar
10%
30o
Radio
2%
Jan
Jan
10%
com_--l
new
Corp.
Neptune Meter class A
6%
Jan
44% Mar
12%
(Herman)
New
35
Jan
10
preferred
Nebraska Power 7%
Nehi Corp
3,800
Jan
Jan
7
6%
Producers
Jan
•
& Mines
Union
Oil
Navarro
11%
12.50
Tunnel
National
13%
53
11%
30
,
12%
Refining
National Transit
National
13%
53
11%
Jan
*
Ltd
5%%
Tea
100
13%
•
Machinery
Car
National Sugar
35
42
1%
17%
1%
1,100
7
Gold Mining
Prentice-Hall Inc common
Feb
17
Feb
35
—
•
.*
National Refining common
Rubber
Jan
53
•
Mfg & Stores common
Steel
Jan
IV2
41%
50c
50
convertible
National
v
•
National Fuel Gas
National
14%
4,200
28
25
Candy Co
National
200
1%
•
common
National
$j
16%
1%
1%
Jan
6,600
13%
Pratt & Lambert Co
Public Service
16%
-
1
common
}2%
1)1
2%
of
Jan
14%
Premier
Metals
Jan
7%
8%
common
6%
Nachman
National
100
15
of Canada-.
Providence
AA'A:
29% Mar
3%
Alexander
&
Power Corp
Pressed
Jan
106
106%
Mining Co
Powdrell
22%
11%
Glass
Valley Wine Co
Inc common
Polaris
3,000
28%
33%
1%
Pleasant
Mar
Feb
61%
Plate
1% Mar
6
6%
8
8%
Metallurgical
Pittsburgh
Plough
800
39
Pittsburgh
Jan
21/
:
Apr
13%
IIIIlOO
preferred
Jan A,
' Feb
127i;,
30
200
12% :,AAV;'50
•
9%
•<.„
6
31% Mar
& L E RR
Feb
Mar
.31
.Jan
5% Jan
600
A 200
.
18%
50
15
Meter
Pittsburgh & Lake Erie
Bess
High
32
27%
Ltd
Postage
Jan
173
u:..:
'
common
Mines
7%
Jan
-1%
2,100
;•
;
Gold
Low
32
28%
common
214 Mar
.'.V,
28% Feb
IA
'
Power
200
•
16 Va
Governor
Pitney-Bowes
Range since January 1
Hiah
Low
32
pfd—
Co
Pitts
Feb
500
V-
Pioneer
Apr
Mar
/
Shares
6
4% Mar
xl67!4 Mar
9-
Producers
Mountain
16 Va
30%
Copper common
Mountain
Feb
Pierce
22
A
1%. Feb
ItvI-:?".
19% Mar
1014
Jan
7%
7
Ward A
Montreal Light Heat & Power.
Moody Investors partic pfd—
Mtge Bank of Col Am shs
Montgomery
6%
•
15%
2%
700
;
i;.
8% Mar
6,400
A
;
9%
„
Jan
14
1,300
10%
20%
3%
Dakota Utilities
Montana
200,
19%
9.%
19%
4
.
Monroe Loan
~9%
for Week
of Prices
Par
pfd
Sales
Range
Last
Sale Price
1%
Missouri Public Service
Week's
Thursday
Exchange
Range since January 1
1,050
50%
Jan
30
1,000
27%
Jan
3
Mar
70% Mar
X32
Mar
27
Mar
•
*
common
26%
27
50
24
Feb
76%
27
81 "
460
64
Feb
10%
400
.
Scranton Spring Brook Water Service—
preferred
$6
Scullin
Steel
•
Co
•
common
Securities Corp General
10%
9%
Apr
12% Mar
Jan
2%
10%
1
81
Feb
3%
;•
Mar
•
•
Bros Inc
Seeman
Lock & Hardware
Seiberling Rubber common
1
Segal
4
Ogden Corp common
Ohio
Brass
class
Co
Ohio
Edison
Ohio
Power 4%%
Ohio
Public
6 7c
1st
$6
B
preferied
Oliver
3,400
3%
Apr
100
3%
18%
Jan
21
110%
4%
Feb
21% Mar
50
110% 110%
114 va
—100
114% 114 va
1st
pfd
—100
116%
•
116% 116%
—100
7%
109
109
5
common
109
Jan
112%
60
112
Feb
114% Mar
Feb
United
,
22'A
50
Filters
22%
55
•
prior preferred
conv
111
A
„
.
,
—
.
Jan
118%
Feb
108
Jan
112
Selby
Shoe
5
prior stock—
%
"7%
25
8
7%
5% Mar
■
—
Jan
16%
'T
600
•
200
certificates
1% Mar
8% Mar
Jan
6%, Feb
67
17% Mar
Feb
%
vJan-
113
Jan
-t.
6%
Safety Control
1
1
Sentry
Shattuck
,
.
W
frt
y'T
1%
Mai-
8% Mar
77..
Mar
.75.%
uifft
Jan-., A
t,
(7% Mar
Shawinig'm Water &
RI Mar
Sherwin-Williams
8% )Mar
5%
Co
•
Power
common
125
100
Sherwin-Williams 01
Silex
—5
pfd series AAA
cum
.
Mar
Feb
Jan-
200
A
3%
3%
3
3%
5,100
Feb
Jan
4%
7
Mining—
Denn
Mar
Jan
69
Serrick Corp class. B_
Seton Leather common
Feb
7
8
—_
55% Mar
X110V1 Mar
600
—
5% Mar
22% Mar
Jan
54
200
..-I'.
-
,1
18%
3.500
55
Allotment
•
6% Jan
50
2,100
7%
42% Mar
Jan
200
1
71
70
Jan
1
3,500
17
17
•
1
common
Convertible stock
$5.50
7%
•
Co
Selected Industries Inc
1%
Feb
-
110% 111%
——
1
Securities
115
30
„
22%
•
B
Omar Inc
10
110%
•••
15
common—
preferred
Overseas
3%
21
1%
*
Service
Oklahoma Natural Gas
$5%
21
—
preferred
preferred
Oilstocks Ltd
S3
3%
*
common-
40
1%
Jan
7% Mar
2%
Feb
3%
12%. Jan
12%
12%
12%
600
96'A
96
96 %
400
91%
120
110%
110%
110% 112
Canada
Feb
Apr
13%
97
115%
Apr
Jan
Feb
12
Feb
13
Mar
13%
Feb
16
Jan
26
common
Jan
26
Simmons-Boardman Publications—
Pacific
Co
Can
Pacific
13
1st pfd
25
Lighting $5 preferred
Power & Light 7% pfd
♦
107%
107
107%
80
100
103%
103% 103%
10
5 '4 7o
Pacific
•
common
Pacific Gas & Elec 5%
1st
preferred
convertible
$3
36%
25
35%
600
33
33
——
36%
100
Jan
14% Mar
Simplicity
35
Jan
36%
Singer
32%
Jan
33
Jan
106% Mar
108
Jan
96%
Jan
105
Feb
Amer
Feb
Sioux
5
J an
6
Feb
Smith
preferred
•
19
Jan
20
Mar
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
•
80
Paramount
1
Public
$1.30
Parker
1st
Service
Motors
Pen
Corp
Co
*7%
10
8
13,100
Feb
82
Mar
7% Mar
9
Jan
6% Mar
—
8% Mar
24
—
Jan
Pattern
III
common
Manufacturing Co
Singer Manufacturing Co Ltd—
•
Pacific
*
preferred
dep rets ord
Solar
Aircraft
III
Solar
Manufacturing
Sonotone
Boss
Co
South Coast Corp common
18
18
100
16%
Jan
18% Mar
South
44%
44
44%
100
32
Jan
50
Southwest
36 %
36%
37
150
34%
Jan
36% Mar
Feb
33%
Jan
5%
original
5%
Jan
6 7c
preferred B
preferred series C—
A
25
Penn
Gas &
Elec class
Penn
Power
&
$6
Penn
A
•
com
Light $7 preferred
preferred
Salt
Mfg
Co
Water & Power Co
Co
Perfect Circle
_
Co
5%
68
50
see
page
•
1473.
31%
11.300
4%
Jan
75
64%
Jan
1 %
1
%
103
99%
Mar
9%
Power
94%
Jan
104% Mar
Southern
99 %
10
90
Jan
100% Mar
Southern
Phosphate
Southern
Pipe
150
161
63
Mar
128% 129
175
125
Jan
.9%
Colorado
20
200
8%
Southern
103%
Mar
31
8%
Mar
8%
9%
200
200
Jan
7
Jan
9%
Jan
1%
xl65
Feb
Feb
2% Mar
68
130%
33
7%
3%
3,000
Jan
13%
Apr
Jan
Feb
3% Mar
6
6
200
3%
Jan
6% Mar
2%
2%
4,500
2 Va
Feb
2%
4%
4%
4%
600
4%
Jan
47/a Mar
2%
Jan
3% Mar
41%
Jan
41%
700
44%
Jan
28
40%
Mar
30
Jan
37
40%
Apr
37%
38
800
Mar
43 %
Jan
25
25
30%
30%
200
30%
Apr
32 va
Jan
29%
29%
200
29'A
Jan
31%
Feb
class A—25
1%
1%
400
1%
Jan
1%
Feb
preferred
New
3
2%
3%
111
Jan
25
A:
preferred
5%%
Jan
2% Mar
128 %
43
Feb
Jan
Jan
Jan
Edison—
%
65
64%
»
3%
-10
Line
Pipe
100
106% 161
64%
70% Mar
2%
12% Mar
2%
275
"2%
.23
Oil
Pa
California
1 %
*
1
Philadelphia Co common..
footnotes
5%
68
2.50
„100
Pharis Tire & Rubber
For
-
•
•
Co
32
32
43
50
Traffic
Penn
Mfg
5%
—
•
Penn
Pepoerell
■'
■
Penn
Southern
Jan
Jan
108
—1
•
preferred
500
234
—1
Manufacturing common
•
$1.40
3%
30
*
__1
1
Pennroad Corp common
1
Pennsylvania Edison Co $5 series pfd-*
$2.80 series preferred
•
3%
245
—1
Co
Corp
26% Mar
Mar
243
.100
ParkCrsburg Rig & Reel
Patchogue Plymouth Mills
common-
2'A
243
JE1
regis
City Gas & Elec 7% pfd
(Howard) Paper Mills
Peninsular
Telephone
.100
75
129% Mar
England
Telephone—100
Co
10
Line
Jan
130
67
100
6% Mar
10
Jan
Southland Royalty Co
Spalding (AG) & Bros
1st preferred.—
Jan
%
Jan
Feb
Jan.
6% Mar
9% Mar
Mar
10%
Jan
Mar
6%
Jan
Spanish & General Corp—
Mar
8% Mar
Amer
10% Mar
Amer den rets ord
dep rets crd bearer—
5
-1
1
•
.
&
6%
Jan
40
Jan
1
% Mar
Feb
Feb
Feb
'
regis..
45
%
j
Mar
.
THE COMMERCIAL &
1472
NEW YORK CURB
*
Standard Cap & Seal common
Convertible preferred-
-1
20
-10
100
convertible preferred
Oil (Kyi
Standard Oil (Ohio)—5% pfd
Standard Power & Light
Common class B
;
$1.60
Standard
(Hugo-
»..lines
A
Jan
Mar
%s,Jan
%
■h
600
1%
1.400
1%
~6
|
Mar
71
ft
Jan
n
Feb
43%
Jan
Jan
C)
Preferred
6%
:
Ltd
Jan
13% Mar
0
Jan
10%
Feb
4%
4%
300
3%
Jan
4%
Apr
1%
600
1%
Jan
2%
Feb
300
8%
Feb
•
11% Mar
%
Feb
17%
25
Feb
17%
20 Vb
50
25
Jan
26% Mar
j
% Feb
Feb
17%
Sunray Oil 5%% conv preferred
50
oupenoi Port Cement class B com
*4
Swan Finch Oil Corp
————15
100
17%
Jan
19% Mar
14%
300
12%
Jan
15
Feb
52%
15
17%
17%
14%
•
15%
..." 125
Apr'
15%
51
—_
.
15
10
i, ft/
8s
Mar
Jan
Apr
10
Mar
Taggart Corp common
Technicolor lnc
Power 4s Light
Texon
Oil
Mar
Co
5
common
114%
1.100
14%
22%
1.300
7
'
C;
Amer
Security Trust Co Ltd—
dep rets ord regis
Amer
dep recs def r<°g
Jan
15% Mar
Jan
117
Jan
Feb
x23% Mar
7% Mar
Jan
5% Mar
Jan
58
3%
—
60
Feb
3%s
nterest
1950
Shipyards Corp
Toledo Edison 6% preferred
Amer
7 %
100
1
1
preferred
6s
Paper
Writing
Amer
Jan
Trans Lux
Corp—
Tri-Continental
Tung-Sol Lamp Works—
80c
Feb
109
% Feb
114
Feb
115
J-J
%
300
13
•
convertible preferred
11%
11
Unexcelled
$26%
26%
M-S
93%
F-A
Bell Telephone of Canada—
1st M 5s series B
5s
Gas
Investment
Products
United
Aircraft
United
Chemicals
ft:
M Mar
1 % Mar
9 % Mar
Jan
4
700
10%
400
7%
Jan
Jan
11%
Jan
$3
Si participating
cum
<"Mear-Whelan
Un'ted
300
2%
Jan
4
1,000
2%
Jan
2% Jan
5%
5%
200
4%
Jan
7%. Feb
pfd
~8 %
I
OO
■'
•
•
1st
Gas Corp
88%
preferred non-voting
$7
89%
Jan
17
Mar
Jan
62
Mar
1%
2.100
■J2
class
Comraun
Apr
1.250
xlU'%
Feb
preferred
1st
■
United Milk Products
121%
$3
preferred
participating
Molasses
United
Amer
.'
•
Profit
10%
Preferred
U S
U
Graphite
U
—ft;-
.
A
5%
5%
57/B
600
4%
6%
5%
6%
8,500
5»/4
9%
9%
250
11
H
100
•
•
Edison- 2%s
Gas 3%s
&
El
5s
Power
Northern
111
2
Consolidated Oil
Universal
Conv
Service 5s
deb
5s
Power &
R»dio
Lt & Pr 7s
$5.50
101%
99%
af-N
M-S
'
iiS f:
-■—::
451/2
98
100%
70%
73
Houston Lt
Feb
9%
Jan
Jan
Jan
Jan
12
Mar
90
3% Mar
Jan
2% Mar
Feb
Jan
12
8% Mar
v
Jan
2% Mar
Feb
18%
Jan
26
18
Jan
23% Mar
Jan
.
ref
common
2%
2,300
2%
450
51%
400
1
Venezut1an
37
-.1
pfd—I
Virginia Public Service 7%
Manufacturing
2
5
I
preferred——
Petroleum
1%
''
11% v
.100
113
40%
4
Jan
Mar
3Va
Jan
61
Jan
6
1% Feb f
74%
15.800
1 Va
27
8%
'114%
590
105
9%
200
8
9%
—
210
11%
10%
112
~"
Vogt
5.300
2
37
1st
Co
5s
5s
Wagner Baking voting trust ctfs
110%
'-109% 110 V2
J-D
107%
104
7%
Waitt
&
Class
Wavne
Bond
West
West
class
Va
,8%
«
17%
8%
ioo
17
Manufacturing
7_„~~
&
17%
200
1%
Western
Maryland
•
110
We^moreland
5
lnc
1
Co
Western Tablet St
Jan
Mar
1%
Jan
Ab%s
series
(Dec
A6%s
30O
-
-
7%
7%
-
3 VB
7%
— —
-i:
.
103%
110
110
7%
7%
8
7%
Va
Ry
Stationery
see
com
page
~
t
J-J
J-D
ft
Feb
2
Mar
Jan
40%
Apr
11% Mar
Feb
Jan
126
Feb"
9%
3%
Feb
Jan
Apr
Feb
9% Mar
Feb
J~-J~
1473.
■
26%
105
101
103
107%
1081/2
103 %
106
—
"
—
-ft'
ft—
98
10
A-O
64%
2
68%
$104% 105
•ftft
--■
.
■
1001/2
102
/.
ft'
102
ftft
102
104%
$103
7"
.
70
111
110
$110% 111
A-O
100%
100
17
-
,
103%
98%
7
,
105
;
4
ft
fti.ftO
A-O
106%
106% 106%
34
105%, mm
J-D
105%
105
& 105%
49
1051/4
106%
M-S
104
104
104%
25
104
104%
J-J
97%
96
97%
97
96
97
$103
M-N
F-A
M-N
J-D
102%
ft-—.
104
5
,,
100'/a
100%
107%
1
107% 107%
103%
93V2
93
18
■-ft
:/
"
1941
coup)
1957
109
$8%
Mar
30
—
—
23
'
A7s
(July
A7s
1941
Power
Interstate
-'ft..
6s
94%
93 %
94%
J-J
69%
67%
69%
J-J
-'ft
34%
34%
1
1965
coupon)
5s
J-J
1963
coupon)
F
1957
1952
1952
1957
1952
1941
(Aug
series
A 7s
6s
Superpower
Lt 3%s
Power 3%s
Electric 6s
Powpr St Lieht 3%s
Kansas Electric
Kansas Gas &
Kansas
Kentucky
Utilities 4s
Dist Pow 3%s
Lake Superior
Louisiana
Pow
&
M-S
108% 108%
18
1966
2022
1969
J-D
j-j
Co
4%s
Edison 4s E—
conv
Midland
25
29
•
22%
24%
75
88%
94%
15
60
—
•
•
'
108%
$107
M-S
J-J
112
681/2
'
35
108%
107
120%
122
~l
111%
112
\ 1
107
108%
6
106
106
3
112
107% 107%
29
107%
106%
108%
102%
105%
99%
100 %
$120% 123
112
ft
1970
J-J
196b
.1957
A-O
106
J-D
103% 103%
1948
1947
FA
M-a
$100% 100%
1971
M-N
106% 106%
4
106%
110
108.%. 108%
6
108 %
110%
103%
36
102%
103%
100
1965
1943
Valley RR—
at 4% to.
M-N
108%
J-J
103
1963
G
series
"ft-—'
106
Mfg—
stamped
Metropolitan
4s
Si Lt 5s
Radiator
:
28
28%
25
ft-ft*
25%
25
27
30
$28 S
■
25
24
%
■
F-A
$24 :
$28%
,
1955
A-O
-
103
100%
13
-
100%
101 %
Gas Light 4%S——
M-a
107% 107%
~4
107%
108%
4% Mar
Minnesota
P & L 4%s
J-D
103% 104%
18
103%
106
5
5%
7%
Jan
Jan ~
Jan
Apr
.
110%
Feb
7%
Apr
9% Mar
jan
23
Jan
120
20
27%
Mar
Mar
Feb
Extended
1st
&
ref
1967
J——.1978
1955
5s
Mississippi P & L 5s
Mississippi Rivor Pow 1st 5s
Nassau & Suffolk Ltg 5s
Nebraska Power 4%s
6s
New
series
A
Amsterdam
Gas
5s
$66 %
62%
67%
68%
106
108
1957
1951
J-J
103
103
103
6
103
104%
M-N
106%
106
106%
11
106
1943
1981
2022
1948
F-A
100%
100% 100%
5
J-D
107 Va 108
J-D
M-S
116%
101 Vi
108
111
2
116% 116%
J-J
112
112
112
100%
100%
116
118
2
112
113
$103% 110
'
/'
103:;'!
■>' :ii
Milwaukee
109%
25
31
105
68%
J-D
104
101%
1>% Mar
18% Mar
26%
"I
100% 100%
J-D
.101
'ft':'
■
98%
63
t
$107% 108%
$105% 107%
F-A
60%
^18% Mar
84
26%
'
103% 103%
'.'•ft
ft
97%
1
101% 101%
101%
'ft.ftftft
J-D
106 ' ft".
58
-ft:'
44
98%
106 '/a
103
■
98%
98%
123%
102%
__
$58
ft
—
104 Vb
123%
—
6
$102% 103%
M-N
101%
68
.
103% 103%
;"•■/■'
Jan
'6.600
•
20
__
961/4
96
Feb
3%
7lst'pfdl'loo
104%
93%
Jan
3.100
3.000
102%
94
1%
50
4'/8
2
96 %
103 % 104
$123% 128
103%
J-J
102%
90%
95%
M-S
J-D
116
99
•
102% 102 %
F-A
A-O
123%
99
'
6
96%
■ft
104
95%
95%
*
•
M-S
10?%
122
.
5
48
■
M-S
M-S
105%
102%
12
101% 102%
102
J-D
M-S
-
104
14%
15
ft
110%
$108% 114
M-N
1955
C
1
E
series
A7?
Jan
79 % Mar
20
Coal,
footnotes
1%
<a
■
"4
Coke„
Grocer
.
tin
Utility $0 preferred
Coal
Air Lines
1%
""
109
$123% 125
A-O
1963
L 3%s
P &
Middle States Petrol 6%s
#
Mills"""*"
Western
For
A
B
Texas
ern
"•
-7^,
Knitting
Ve.ntworth
West
ext
preferred
aoifr-
118
2
107 % 107%
104
118
§International Power Sec—
Mengel
.
ftrft
$117% 120
J-J
1970
& ref 5s
iien
1st
Indianapolis
6s
«
7.
1950
5%s series B
Hydro-EIec
McCord
Aircraft
102
■■
1953
1956
1957 i:
1958 -
5s series C
ret
Sc
1st & ref
Feb
r
W
Waco
102
98%
5-
101% 102
Light Corp—
series A
os
Jersey Cent Pow &
Corp
102%
33
97%
101% 101%
"
convertiole
102
98'/»
101%
af-N
Jan 1949
Illinois Power &
1st &
_Jan 1949
B
Debenture
$4
99%
158 ft
101%
F-A
104%
ft
A-O
J-D
79
104
100% 102
102%
A-O
j—1966
& Pwr 3%s
series
6s
24% Mar
5%
'
70%
104 %
—
101%. 102%
100%
F-A
'rft
21 % Mar
57%
75
M-3
...—1958
St West 6s
Guantanamo
Altailan
Vabva*
44%
101%
$104% 105
$97
Hygrade Food 6s ser A—
1%
20%
300
65
$102% 103
A-O
deposit
of
Certificates
Jan
1%
450
M-S
J-D
Jan
..7
3.700
1%
37
10
102%
6%
6
100
78
ft 72
99%
101% 102%
6%
2%
1%
41 %
99%
4%s series A—1941
Grand Trunk West 4s
1950
Great Nor Power 5s stpd
1950
Green Mountain Pow 3%
1963
Grocery Store Products
1945
Jan
,..1.%
—
78
40%
J-J
(Adolf)
§AGobel
Jan
5%
—7
40%
ft 36%
38
100% 100%
Jan
56%
10c
stock
40%
104
Jan
2%
—
107
J-J
104
74 %
56 V2
1
103
105%
100%
4s
Indiana,,, Service
24
104%
102 %
106%
40%
41%
$106
J-D
M-S
Feb
23%
—
101%
107
$106
M-S
Indiana
23%
106
102%
$150% 170
1965
Coal
Alden
Jan
22%
105%
13
10
1969
1953
AGeneral Rayon Co 6s ser A—.—1948
Georgia Power & Light 5s
1978
Jan
22%
wft-'-ftft
30
101% 101%
3%s A
General Pub Serv 5s
%
'23%
150
102% 103%
Power
Gatineau
2%
1
115V4
120%
150
102% 103
District El 5s
1952
Service 5%s
1954
Finland Residential Mtge Bank—
6s-5s stamped
1961
Jan
1
114%
119%
102%
Empire
Apr
2%
/
1
J-D
Federal Water
nr
•
common
Jan
Mar
20
Light $7 preferred
priority
%
7
mtge 3s
1st ref mtge
.2%
■
—
17
103
A-0
ser P
2%s ser
Consolidated Gas (Bait City)—
Gen mtge 4%s
1954
A Consolidated Textile 5s stmpd—1953
Continental Gas & El 5s
1958
Cuban Tobacco 5s
1944
Cudahy Packing 3%s
1955
Eastern Gas & Fuel 4s ser A
1956
Electric Power & Light 5s
2030
Elmira Water Lt & RR 5s
1956
ref
1st
700
:.r-.
2%
5
& Pr
44%
2%
500
—
—
.
5s
Debenture
1,400
Co
Products
Equities
Utility
Feb
4% Apr
Feb
78%
l.W>
—
*
Sugar
Utah
:
.
,
M-S
1952
1955
Jan 1966
1950
.1958
1969
A
1951
(Bait)—
*
1971
1969
Q
1976
5s._.
Debenture
%
■
—
-(l'A#
,
114% 114%
Q-F
.
B
scries
6s
Cities
2%
2%
95V4
108
119% 119%
114%
af-N
5s ctfs.———.1927
ol! Feb
275
3%
1%"
common
Products
Utah
s
Lt 5%s
Central States Pow &
Jan
:;:%9
8
Voting trust ctfs
Utah-Idaho
—
•
--
Pictures
2%
—
3 %1%
A
—
10
Insurance,—
69
70
"
\
-W—
'•
~
29
85%
107
J-D
1954
1953
-
X43 % Mar
675
87
86
86%
•
Cooler "class ,A
Universal
%
6V2 Mar
71%
50o
B
v
44
common—
Universal
Class
90
Feb
200
—
5
common
Universal
Universal
Feb
71 Vv
Reclaiming
Wall
Jan
37
4
43%
Paper,".*—_
'Stores
4%
%
1
Rubber
Jan
Jan
63% Mar
"
&0
100
1
1
common
22
1970
1953
1964
C%8
5 %S
Glen
—
•
S
..
43%
'1st, preferred with warrants
United
ft
ft
Apr
Mar
71 ft
Radiator common
United
53
—
25
common
arid International. Securities
;$5
U S
Feb
10
25
Foil Co class, B_—
S
y S
r?
25c
—
United Specialties
%
Jan
% Mar
,
Feb
100
Sharing
preferred
Shoe Machinery
United
3,100
%
Mar
•
4%
United N J RR & Canal Co
United
1,000
55%
16% Mar
A Mar
'
1,400
35
ord regis
dep rets
ft
-
%
—.
Ltd—
Co
6,700
ft
53
54
•
Feb
3
.ft'
•
B
&
Feb
ft
ft
ft
94% Mar
Jan
(4 %
117% 118%
118
•
& Power common A
2 % Mar
16
1%
Feb
Feb
21.500
•
._
:
1%
~9%
Jan
CO O
40
%
.1%
warrants
Option
United Light
$6
•
1
•
Feb
Jan
16.500
2
si
common
6%
.
14%
200
'
United
i
~8
1.000
—
1%
2
*
United Elastic Corp
Feb
59
8%
—
warrants
corp
5%
200
16%
16
10c
Stores
:
Feb
—
•
preferred
$5
Uimea
3%
i2%
!
1
common
$98
29
23%
":ft/i-V
1968
Steel 6s
Bethlehem
S A Chicago Rys
2%
5%
•
common
'
.
»
29%
29%
23 Vb
15
$108% 108%
J-D
i29
31
,
1957
1960
1998
1962
C
series
Cincinnati St Ry 5%s A
3%
*
Canada
of
Union
Union
93%
M-S
23 %
31-/' ft 23%
23%
95%
El Lt
3%s series N
5%
ft ft
26%
5%s A———1955
Atlantic City Eiec 3%s
1964
Avery & Sons (B. F.)—
58 without warrants—.
—.1947
Consol Gas
5%-
106
108%
79% '..84%
26%
Jan
2%-
-
Corp
V 26%
26 %
Jan
3%
1
—10c
Manufacturing Co,
10
Corp
Realization
26%
M-S
26%
%
23% Mar
U
Ulen
104%
'
82%
A-O
Connecticut
Udylite
81%
1968
1977
.
128
;8
26%
5%s
101 %
125 ¥4
v
26%
4%
Jan
Jan
9% Mar
__
•
62% Mar
3% Mar
18%
1,900
67/B
6%
6%
11%
U
100
1.000
.M':
-1
82%
J-J
26 VB
5s
99
107%
4
•
104% 105
105
A-O
104%
13
107% 108%
128 '
128
>'
r
109 Va
103%
,
100% 1011/4
J-D
107%
106
107%
•
Jan
3%
•
58
26%
Central
Jan
20%
warrants
lnc
Trunz
ft
-iJ—
104%
104
,104
High
'■ 1
102% 105
103%
.26%
deb
January 1
Low
'fo-i
107 % 107%
26%
Canaaa
58
3%
%
ft';'ft'
Range Since
Sold
No.
$108% 109%
F-A
Jan
IV2
108
20%
3%
—10
Oil Co
I*,!'3Va Jan
Bonds
High
J-J
10% Mar
<
■$103
J-J
Elec Pow 3%.»—i—1970
Appalachian Pow deb 6s
2024
Arkansas Pr & Lt 5s
1956
Associated Elec 4%s
1953
SAsbuciated Gas & Elefc Co—
A Conv
deb 4 % s__
1948
AConv deb 4%s—
1949
A Conv deb 5s
1950
Birmingham Electric 4%s
--
V
114%
114
114
Mar
10
:v:/
Bid & Asked
107%
M-S
Appalachian
Bickford's lnc
20
—>
•
\i
of Nevada
Mining
Tonopah
Transwestern
-w-i
Jan
Thursday's
or
J-J
—2016
1961
deb 6s
Si Lt
Pow
Jan
100
62
62
•
100
*2%
:
10,500
•'
j-j
——
gACentral States Electric 5s„„„1948
Todd
Last
Sale Price
J-J
——1960
———1970
f debs.
s
3%$ s f deos
'
•
<
Electric Co.—
American Gas &
2%s s f debs
Jan
4%
Feb
1%
—
....
9%
..
Jan
Jan
Low
Boston
V/',-:
;"■•< 10% Mar
7
7%
Jan
6%
m Jan
1
—
——
*
Mar
25
Mar
19%
-.r
.
2.600
5%
4%
4%
•
Exports
6
200
7%
22%
7
.1
.
,
Stocks
Product
12%
30
6%
22%
1
Allied
&
2,800
116%
6
13%
6
5% Mar
Feb
23%
800
25
116
116%
2
Realty & Construction
Tlshman
Tobacco
Tobacco
Tobacco
100
lnc
Roofing
24 VB
24%
14%
pfd
7%
& Land Co
Bhovtl
Chew
•
common
Texas
Tilo
a
Electric Co common,.
Jan
Mar
Thursday Week's Range
Period
A Conv
Jan
100
5%
5%
W
~2% ~3
f
Assoc T & T deb
Tampa
10
500
10%->ft/
10
"3
Curb Exchange
York
New
A Debenture
1
HVb
-ft'4
100
10)
—
0% Mar
1%
25
Jan
'
46% Feb
400
11
•3 %
■,».«*»% Jan
Jan
ft, "ft.'/.
Jan
14
ftft
.ft/ft
10%
10%
11% Mar
f-v
5% Mar
*
4
BONDS
53 % Mar
12
—
Feb
Jan
Mar
4
1% Mar
it:
10%
—
Jan
110%
V
10'/«
Jan
>■:
■
-
13% Mar
8%
3
100
v
'
_—£1
—-—
Wngnt hargreaves
10
—
receipts
deposit
American
Jan
Feb
ft 10
11
<7
1
Woodley Petroleum
Woolworth (F W) Ltd
9% Mar
8
100
pfd—100
10
1%
Portland Cement
Wolverine
11
•
Winnipeg Flee common B
Wisconsin Power 61 Light
Mar
17
Jan
16
8 %
9$
1
lnc
Products
Willson
200
—•
Heating
High
low
17
9%
10
•
Co
&
17
17
Range since January 1
High
1% Jan
Jan
Jan
5
1.000
Jan
ft 9% Mar
Jan
A -Jan
800
1%
114
53% Mar
1
Co
Drug
Rav
Sun
18'/b Mar
Jan
13%
-*
Machinery
Sullivan
2<%Mar
"Feb
19
Jan
3
—
'
'
Jan
7%
400
—50c
1
Co
(St
'
Jz
5%
Corp..
preferred-
$1.50
Stroock
8%
5%
Stokely Foods lnc common—
Gii-O-Matic
Feb
54
350
65%
8%
1%
preferred
5 % 2d preferred
Sterling Aluminum Products
Sterling Brewers lnc
Sterling
lnc
Stetson (J B) Co common
(R
Williams
%
1,700
65%
05 h
8%
—*
•
1
50
20
1
1
1
•
Williams
23■ -Apr
Jan
17%
500
Apr
Shares
1
i
Oil Corp
River
Feb
Jan
-
Shoe Mfg—:
Weyenberg
for Week
Low
Par
10
lnc
1%
%
1%
1st
6%
A
1%
& Co common
tA)
"%
1
Steei Co of Canada—
Stein
17%
Mar
Westmoreland
10%
Jan
2
18
ft/-;-/ftftft
Jan
Sales
Range
Last
Sale Price
Wicnna
ft
Jan
18%
100
1.050
2%
19
trust ctfs—l
Sterchi Bros Stores
4
6
1.000
23
:■
1%
B
(The) Corp voting
Stanctt
Jan
108%
1
Tube class
Standard
4%
ft Feb
5.100
17%
1
Products Co
Standard Silver Lead
Jan
1.3P0
17%
~~
—
Preferred
1%
2%
%
100
10%
%
21
3%
■
Week's
of Prices
Thursday
/ft,
L'urb Exchange
High
*
2%
400
'3%
...
9
19_
17%
1
Standard Dredging Corp common
Standard
3%
—8 m
2.78
l/«
-I
10
10
11 %
Brewing Co
Siandaid
Low
4
'
*
r OCK8-
s
Range since January 1
High
4
7
York
New
Shares
Low
"
Spencer Shoe Corp
Stain-Meyer
lnc
for Week
of Prices
Sale Price
Par
APRIL
Sales
Range
Curb Exchange
York
New
EXCHANGE
ENDING
-v
Week's
Thursday
STOCKS
WEEK
FOR
RANGE
Monday, April 10, 1944
FINANCIAL CHRONICLE
■
Volume
Number
159
THE COMMERCIAL & FINANCIAL CHRONICLE
4271
NEW YORK CURB
' *
,
BONDS
New
York
Curb
Exchange
Last
Interest
or
Sale Price
New Eng Gas & El Assn 5s—:
1947
deb
Conv
5s
England
New
Orleans
N
N
Y
North
80 Vi
79%
80 Vi
tl08
997/a
■.if
81%
Tide
35
72Vi
81%
Toledo
107
1109% ill
109
111
United
J-J
1106 Vi 108
104'A
107%
United
115%
6s
J-J
1945
M-N
S_a,
1968
A-0
A-0
1962
P-A
iii5%v
•-
115%
■■■;
--
i
103% 103%
86%
103%
104%
108% 108%
1
108
106 %
4
105%
1948
108%
3
107%
109%
104%
108
1955
P-A
5s
102%
103%
103%
105 Vi
1st mtge 3s
Lt &
Pwr
1964
4Vis.
J-J
1979
Af-N
Pennsylvania Water & Power 3%s_1964
3%s
—i
1970
5Vis
Philadelphia
Elec
Philadelphia
Rapid Transit
Portland
5s
Gas
series
Powef Corp
:
M-S
of
Service
6%
San
„*_1959 a"
Af-S
1964
1949
106%
—
4 Vis
Sheridan
South
Estate
J-D
3
6s
Power
California
Southern
Counties
1st
1970
3d
A7-4s
127
128
73%
114%
A
115%
12
111%
114
d»bs_
1954
4s__
Electric
38
146
24%
Rys
Co
5s
38
J-D
107% 107%
107
109
..1964
_
5s
Traction
36%
.1951
3Vis
J-D
1109% 110%
108%
199 Vi
108% 108%
108%
109%
114% 114%
114'A
118
1100% 101%
100%
101
2030
5s
;
A-0
1960
J-D
114%
stpd
F-A
F-A
1937
91%
1
91
J-D
■
91%
85
97%
97%
96%
98
197%
J-D
1947
98%
96%
98
BONDS
f
80
103%
105%
Q2
ACauca
104%
1
1
13
105%
104
10
105%
Extended
Danzig
94%
77%
109
ALlma
104%
AMedellin
108%
103
UO8V4 108%
.r'-'
104
1
104
87
88%
93%
93%
94%
94;*
93%
94%
95%
95
95%
J-D
93%
93%
94%
F-A v
93%
93%
94%
.*.*•v
93%
94%
A-O
33
33>
33
.
19
F-A
.1950
104%
81
J-J
5s„
of
of
6
83%
90
86%
87
97%
A Parana
10
86%
97%
ARio
17
86%
97
ARussian
86 %
97
10
86%
30%
37
119
.
'
,;,j
"
Cash
25
J-J
"
104%
106%
108%
118
;
1117% 119%
>r;
107
117%
2
107% 108
J-J
2022
7s
:
—
•
J-D
J-D
1972
sale,
36
J-J
37%
J-D
1921
value,
J-J
Deferred delivery sale,
Ex-dividend.
x
36
18
23
•
-
331/,
^
■■■__'
22
70
37
36
37
17
__
17%
>
58
__
1
36
36
37
37Vi
■
5
4%
5
4Y8
41/4
4%
e Odd-lot
"
69
33
36
34
16
5
d Ex-interest,
a
18
34%
.
-
116Va
'
M-8
1919
j
*
21
.Mi
1959
6%s
"
17
4
2
__
166Vi
—
'
■
60
20
__
135%
'
1958
6 Vis
Government
18
19%
72%
60
—
23
135%
-
—
—
16%
__
37
38
70
5
217'
sale,
3%
3%
4"%
Under-the-rule sale.
n
sales being transacted during current week.
no
Bonds being
traded flat.
§Reported in receivership.
24%
'
M-N
T956
22%
.10
1931
!
.
A-0
(State)
17%
23
-
Af-N
IThursday's bid and asked prices;
fT"
A
105% 105%
1947
28
20
135%
__
1927
Janeiro
*No par
r
;
124
18
J-D
'
54%
62*
—
116
•'
51%
-
—
163
High
•
1
19%
163
M-N
,
"A
:
M-S
1951
Low
•
—
19
A>—
•
1958
Oct
A5%s
•:
—
A Mortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
de
19%
May 1927
96%
6
M-N I
97
V
;
J-D
F-A
stamped
January 1
No.
54%
153 Vi
J-J
7s
7s
A Issue
71
A-0
1960
Light 5s
A
54%
J-J
6%s stamped_1958
City (Peru)
A Issue
v
*'•'}?■£.v'|..4
1946
:
—
26
J22%
'>.
—
>
1953
Mortgage Bank of Bogota 7s
-
1:.;
^
fr-"
A-0
1952
Waterways—
stamped
Range Since
Sold
High
■.-<•
1955
&
Bonds
Sale Price Bid & Asked
1948
5s
Port
103%
72%
2
77 >/4
F-A
,
Period
>
Friday's
or
Low
AExternal 6%s
107
'*.-4
A-0
1966
Week's Range
Last „'
,
5%s
106%
•
-
-
"
Friday
Interest
>:>.
■
Valley 7s—
Danish
104%
105
105 %
108% 109
M-N
6s—_—1957
'
.i'
;
Agricultural Mortgage Bank (Col)—
A20-year
7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
;
11
A-0
•
___1957
_x.
'
> New York Curb Exchange
105%
J103% 105 lA
■*
series
6s
&
Powei
Texas
37%
series
Newspaper Union—
unstamped extended to 1959
stamped extended to 1959
■
111
86%
Af-S
—
Service
109%
104 >/«
109
Industries—
Electro
Texas
M-S
Penn
6s
100 %
98%
1
104% 104%
F-A
1-951
stamped
113% 114
137 Vi 150%
15
F-A
stamped—u
i___1946
of deposit—.—
(Hugo)
2nd
7-4s
113%
AMaranho
ACertificates
Stinnes
Af-N
104 %
7
Light Co-
6s
AStamped 5s
104%' 105%
104% 104%
A-0
1970
Dec
Corp inc 5s
<Hugo) Corp—
2022
&
103%
109
~4
J-J
1989
AStarrett
Btinnes
J
25
87
%
M-S
..May 1948
LMay 1948
Light
114% 114%
108%
19
98%
106%
:,i04% 104%
A-0;
104
.
1105
6s._—_—
&
114%
110% -111%
107%
111%
78
86%
A-0
2022
6s_^.
Power
F-A
U10% 112
111%
92%
1104% 107
-
(stamped)
Conv 6s stamped
Standard
,175%
A-0
1951
..'-6s gold debentures™
1952
A
—.
102%
10
127% 127%
J-D
1971
6s
Debenture
103% 104%
A
1107% 108%
„
107%
106
9
110% 111
J-J
Spalding (A G) deb 5s
Standard Gas & Electric—
Debenture
104%
IA York
(Calif)—
8s_
L
96%
111% .111%
117
109
■
20
99 Vi
J-J
Rys 4s
&
P
110%
Af-S
1965
Southwestern Gas & Elec 3%s_;
Southwestern
A-O
Penn
6s
100%
150 %
1947
3%s
Gas
109%
22
98
Western
108%
>106
104 % 104%
.1957
3s,
'.
Indiana
Southern
1
99%
1970
6s
Gas
mtge 3s.
"4
150
1951
1967
5s
Edison
Southern
98%
.:- 95Vi
104%
J-D
.
__—1951
—
California
23
A-O
-1952
3s
Wyoming Coal
4a_
.
1979
series D
Carolina
Southern
44
111%
M-N
Shawinigan Water & Pwr 4Vis
1st
•
J-D
1952
Real
96%
104
107%
111% 111%
& Rys (Delaware) 5%s_1952
Light & Railways (Maine)—
income
West
Jersey—
Joaquin Lt & Pwr 6s
ASchulte
111%
t 109
S 95%
A
Scullin Steel lnc mtge
103%
V106
f
Water 4Vis
Harbor
Safe
106 %
108% 108%
A-O
certificates™
Queens Borough Gas & Electric—
series
,
Af-N
Lt
Power
West
107 Vi
>114
16
.1102
M-N
perpetual
5 Vis
^
•
High
101%
109%
A-0
Ry & Elec
107%
*
107%
,H5
1961
—
New
106
1106
,115
98
8
J-L'
Water Power
107%
106%
107 %
115%
J-J
1956
Sinking fund deb 4s
Public
Mo
J
Wash
46
105%
13
:
1108% 110
1962
U09
—
January 1
Low
103
Waldorf-Astoria Hotel—
1
F-A
..
Range since
Sold
NO.
f
F.——
(Can) 4Vis B.„,
mtge 3 Vis
40
3
1107% 109
Public Service Co of Colorado—
1st
:~A
46
'107%
J-J
——.1950
E_—
5s
106%
>4,
;
106% 107
J-D
1972
6s
extended
Edison
Potomac
Power
Coke Co—
&
stamped
4%£
45%
M-N
5s
1st
104% 104%
1103
104
104% 105
_1977
w
Wash
■
F-A
Pacific
Penn Central
J-D
1971
103
1959
Debenture
106%
108
>
Oklahoma Power & Water 5s
Park Lexington
1952
Bonds
High
108%
106
108%
A-O
Light
of
& cons 5%s
series
Utah
QS
14
12
91%
90%
Aug 1955
&
5%s
3%sZ_
Low
...mb
1st lien
A5s
„
Oklahoma Nat Gas 3%s B
Power
J-J
Electric
M-N
1948
4s
1968
Friday's
or
•
,
Light & Power Co—
104
72
,
Last
Sale Price Bid & Asked
F-A
United
::
ioi
:
mtge 3%s_.
Service
Public
1979
City Rapid Transit
97%
ioi;
loo %
J-J
3s
Ohio
5s
3Vis
Union Electric Co
100%
1964
:
Power
Edison
101%
100%"
Thursday Week's Range
108
t.
95%
81
Twin
81%
72%
all
-
Water
tl03% 104%
J-D
5%s
Utility
1
Interest
Exchange
1
72%
108Vi
99% 100%
"
Curb
High
J-D
-
1954
1st
mtge
80%
York
Period
42
81
79'A
Low
No.
,
New
United
'
1971
Power
1st
7
1
1949
5s
Ogden Gas 1st 5s
Ohio
-1954
Nov
Gas 3%s
Continental
79 Vi
M-N
A-0
High
January
2004
A
Westchester Ltg 4s
&
Debenture
APRIL
Range Since
Sold
Service—
series
Elec &
Y State
Af-N
1948
---
Public
6s
80%
80%
1950
Debenture 5% a
Alncome
J-D
1961
3%s
Power
England Power Assn 5s
New
M-S
1948
5s
New
EXCHANGE
ENDING
BONDS
Bonds
Thursday's
Bid & Asked
Low
-•
FOR WEEK
Thursday Week's Range
Period
,
RANGE
1473
"
!
V
'
Abbreviations used above—"cod," certificates of deposit;
"cons," consolidated; "cum," cumula¬
"conv," convertible; "M,'' mortgage; "n-v," non-Aoting stock; "vtc," voting trust certificates;
"wl," when Issued; "w w," with warrants: "x w," without warrants.
tive;
OTHER STOCK EXCHANGES
RANGE
Baltimore Stock
Sale Price
"A:-"'/.
STOCKS
Corporation
Low
Transit Co
Bait
Preferred
t
v
—
common
17
>
vtc.—.—*
16%
Consol Gas E L & Power
com.L
£
65%
*
Eastern
Range since January I
Low
375
1.25
130
8%
784
15%
8%
65%
55
20
142
43
prior preferred
preferred
Jan
Eastern
Jan
6%
1st preferred series A
preferred
Guilford
Realty
Co common...._.— l
Oil of Texas 6%
Houston
7%
U S
Casualty—i—.
Amsterdam
New
Fidelity & Guar
—
29
Jan
;
Mass
2.00
581
29
50
150
45%
30%
30%
8i
85;
25
81
25
35%
1975
5s series A—
Co
5s
56%
1975
:
Bond
Inc
2.00 Mar
Feb
5%
67%
———1950
11%
12
192
38%
289
General Electric
•
36%
35%
36%
Gillette Safetv Razor Co
•
19%
10%
11
15
1%
>1%
1%
60
30%
31%
587
3%
3%
1,050
25
Jan
26%
Jan
Isle
35%
Jan
41
Jan
Kennecott
Royale Copper
68
4,000
1,000
Mar
Jan
69
Mar
Apr
59%
100
100
Apr
Copper
(Del)
preferred
Loew's
5
common
50
Boston Theatres
Maine
Central
5%
RR
Util Associates
5%
t
Mergenthaler Linotype
Boston Stock
A-■
:
Thursday
Week's f..
Last
;
V
Sale Price
STOCKS—
;
Par
American Sugar Refining
American Tei & Tel..
.
«...
—
—
Son
&
Boston &
ZZIIso
pfd.
■1
Boston
Elevated Ry.
7 7c
.
67c
diss
B
33
71%
21
100
37%
1st
"
"
— —
■'
'
Apr
Feb
159% Mar
7%
Apr
9 % Mar
24%
Feb
27% Mar
5
14
113
118%
Jan
125
34
"
11%
Jan
183
96%
Jan
32%
Apr
>
67
35%
Jan
19
14% Mar
115
Jan;
418
430
Jan
3,307
72%
22
.
Feb
Jan
Old
22% Mar
38%
3%
30
1%
Jan
4
7%
7%
50
4
Jan
8%
8%
300
5
Jan
8%
26
41%
Jan
-
7%
7%
13
13
317
12%
Jan "
14
38%
39
240
28%
Jan
42%
7%
10
5
""
Jan
H)
(N
8%
.
Feb
Feb
Feb
Feb
"Jan
Feb
Calumet
& Hecla
Shares
5
Cities
Service
Copner
For
Range
Co
footnotes
1
•
15%
...
•
;
see
page
1479.
6 %
6%
r
1
Trust
6
6%
110
6%
Jan
27.69
27.69
50
27.10
Feb
15%
16,
135
13%
Feb
17% Mar
5%
Jan
6% Mar
6-
6
*
150 "
-
7%
Apr
;
>47% Jan
32% Mar
2%' Feb
11% Mar
1% Mar
3% Mar
.
Jan
30
Jan
17%
16%
3%
Jan
31%
70
23%
Jan
36% Mar
68
60c
Jan
l%Mar
30
•47%
Jan
7i
Jan
.
1
53%
62
1
54 "
9%
12
12%
31
104%
29
31
.
,
25 '
>325
6
"
> 54
Mar
Jan
Feb
Mar
9% Mar
92
11%
Feb
13% Mar
100
24%
Feb
31
RP
fr
Stone
Shoe
United
67c
S
33%
—.
Jan
9
104
Apr
Jan
Mar
Feb
Feb
10c
Jan
45c
27
..
25%
Jan
32% Mar
-125%
500
30% Mar
29%
915
1%
1,200
Feb
1%
Apr
10%
20
9%
Jan
10%
Jan
13%
13%
1,310
12%
Jan
13% Mar
8%
170
8%
86c
Jan
9%
8%
Jan
4%
100
2%
Jan
33
33%
195
32%
Jan
36
Mar
25
130
24% Mar
28
Jan
4 %
Feb
Apr
common
1
24%
5 '.
Machinery
__
13%
13%
10
12%
Feb
14% Mar
78%
77%
78%
265
75%
Jan
80% Mar
71
71
71% 1
475
69%
Jan
44
44
45%
45%
130
112% 112%
8
25
25
100
•
Inc
Co
_i
•
50
1970
55
74
43 % Mar
44%
Jan
Feb
J
10
D)
98
•
46c
•
Co
System
v>
107
Jan
1%
4%
*
Vermont & Mass Ry Co
(S
■
—.
5
preferred
Warren
13 % 1
-Ji
Rubber
Waldorf
«
■
30c
10%
.,.
common.—*
Inc
Fruit
29%
'
.
35C
29%
103% Apr
T
2,053
30%
-I1!—
Drills
Drug
35c
30
—•
Inc
Co
Twist
TTni'Prt
102
35c
___—_25
Securities
Elec
530
46c
30%
•
Wpbster
Torrington
Union
102
102
Mach———
Hole
Assn.
Suburban
40c
50
—
Co
Mining
Button
Shawmut
103% 104%
42c
'
50
40%
110
10%
Feb
Jan
Jan
48% Mar
115
Mar
12 % Mar
.i.
11%
11%
24
23%
24
310
20%
Jan
25% Mar
967/8
94%
96%
122
91%
Feb
99
Mar
60%
60"
60%
$11,000
60%
Apr
Feb
27.69
Mir ./
6
9
100
Westlnghouse Electric & Mfg
Century
34 %•
v'~-7«/a" 4ari r.
4an»Vr.
30:
{Feb
217
*
Pennsylvania
U
100
—
Mills
Quincy
Recce
8% Mar
815
RR
Colony RR
Pacific
United
-
-
'
5%
9%
2.50
74 % Mar
,
38%
_*
~ZZioo
RR
367/a
1557/a
-15
.
3%
''''
—
Providence
Feb
.
37%
100
100
Boston Personal Prop Trust.
&
33
71%
f.\
pfd stamped. ...100
100
7%.class C 1st pfd stamped...
Boston
14* "
RR—
preferred stasmped
1st pfd stamped—
20
High
-
1,072
26%
102% 103%
%
class A
355
1,595
a-:.'.
7%
118% 118%
'''1
•
•
prior preferred
6'fn
5%
367/8
-
10U
Butte Mining
Northern
'
25
Maine
&
»
100
Boston Herald Traveler Corp.;
Boston
•
7%
25%
•
26%
ZZZ100
Edison
Boston
<'
LOW
157% 157%
'if ',
.
100
Inc—l—-—
Albany RR__
r
Range since January 1
*
preferred
England Tei <fc Tei
North
High
34%
157%
••
*
Bigelow-Sanford Carpet 67o
Bird
37
100
American, Woolen
Anaconda Copper
Low
100
New
Shares
Jah
Mar
England Gas & Elec Assn—
5%%
Sales
of Prices
5
New
for Week
Range
54'
1
Nash-Kelvinator
Exchange
*
Narragansett Racing Assn Inc
•
..29%.Ma£;i^1a32%
-
16%
31.
1
c
125
Mar
>:;;;M5.% Mai-
:
-
1,003
,
h%
Jan
44% ..Jan
200
30
5
—
1
v
8%
20
Feb
Feb
-7.7 >,' Mar
16%
16%
100
375
.ir,
29
__
25
100
common
preferred
Mass
31
•
Corp
6
..Jan/
10%
Jan
Mar
105
Jan
54
37%
1
Stores J
Jan
92
37%
•
Service
a:
-
...
National
85
59
4%
130
196
74
•
Public
,
31%
Jan
25
1%
74
*
Group. Association
Engineers
Jan
51
39% Mar
15
Jan
31,000
69
Jan
30%
65
100
100
—
57%
Jan
10%
30
393
5%
56%
32 %
15
38
36%
90
115
•
30%
45
Feb
37%
Feb
10%
61
Mar
High
1%
30%
29% Mar
*
•
65%
20
99% 100
—
*
common
fcinpioytrs
6%
Interstate
Lines
Economy Grocery Stores
BondsTransit Co 4s
100
com
Jan
Lamson
Baltimore
Ry
B
Apr
1.50 Mar
27
S3
Street
37%
,
50
—
45%"
First
.-25
25
-2
preferred
(Tom) Distillery
Moore
2.00
■
25
pfd vtc
Mohongahela West Penn Pub Serv—
•«:
45%
100
—
Eastern
v_-_
_20
Corp.i—_10
Low
1%
64%
100
69
Range since January 1
High
36%
100
Mar
6^
65% Apr
Shares
1%
100
6 °!i
1.75
Jan
5
4% %
10%
Apr
Low
"
;
Jan
1.05 Mar
Sales
for Week
Range
of Prices
Gas & Fuel Associates—
Common
High
18
Jan
149%
65%
148
Fidelity & Deposit Co.Fidelity & Guar Fire
Last'»
Sale Price
High
17
Week's
Thursday
Shares
1.10
\-
7
Par
8%
!
——
_j._-——100
c_
APRIL
stocks—
for Week
of Prices
>;.■> Par
Arundel
ENDING
Sales
Range
Last
WEEK
Exchange
Week's
Thursday
FOR
Bonds—
Boston
Inc
&
■
Maine
mtge
4% 7,
RR—
series
A—
52% Jan
>
M
Monday, April 10, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
1474
OTHER STOCK EXCHANGES
RANGE- FOE
WEEK ENDING APRIL 7
'Friday,';
r-">
••>
-
Chicago Slock Exchange
'•'v'
■—
■
Week's
Last
Ontario
Shares
Range since January l
900
5%
5
High
Low
High
Low
5
Castings—^-——5
Advanced Aluminum
4% Jan ;
5%'j&ar
O
Chalmers
Ex-rights
capital——100
Aro
common——,1
Co
35
—1
(E J)
350
156%
Jan
300
5
capital
159% Mar
Jan
.
,
Jan
9
1% Jan
1%
300
1
Jan
6
200
4%
Jan
6% Mar
700
3%
Jan
4%
'
- f
3% '-3%
20
200
14 % Mar
9%
10
—
Jan
37% Mar
Jan
10% Mar
5
Jan
Mfg
Co
Coal
Peabody
50
36%
550
23
—
34%
18%
50
23
38% Mar
Jan
Feb
24
Jan
Mar
18
9
17%
17%
150
14%
Feb
———.—1
4%
4%
750
3%
Feb
4%
———10
23%
23%
10
Jan
23%
4%
Bunte Bros common—
Ring common———-1
10
10
•
50c
pfd
92
91
Co
B
%
59%
pref——.—*
Central States Pr & Lt,
8'A
8%
Cherry Burrell Corp common———5
Chicago Corp common
1
Convertible preferred
-*
Chicago Flexible Shaft common
—5
Chicago & North West Ry—
•
Apr-
4%
Apr
300
4%
Jan
200
9
Jan
180
90
Jan
95%
110
Jan
63%
15
15
Pennsylvania
claps A—
capital
RR
Low
—
3%'
18
—
-
700
18
,1
4
¥7
Jan
4% Mar
Jan
% Feb
18%
.
Feb
Jan
V,::l%
Feb
26
Jan
30
Mar
71 >.
Jan
74%
]50
r
29%
High
15
Jan
3%
;50
1
29%
29%
15
I30
550
.
V:•-»■.'V>-'
-a
Quaker Oats Co common
9
common
Sangamo Electric Co common
Scbwltzer Cummins capital—
72
74
5 -S
—10
Raytheon Mfg Co 6'V preferred—
Reliance Mfg Co
3%
50
Range Since January 1
-
9
19
;
74
19
;
3% Jan
2,150
Jan
4% Jan
19
100
17% Mar
19% Mar
22%
,22%
__
50-
£
a 4%
4
4%
•
100
21%
23%
Jan
Feb
l
13%
13%
13%
200
11
Jan
13% Mar
.common,,—,,,9
Serrick Corp class B common,_1
88 %
87%
88%
500
85
Feb
90Va Jan
Sears Roebuck
<fc Co
Sinclair Oil Corp
South
capital
pfd—
—100
Spiegel Inc common,,
•—
2
St Louis National Stockyards capital—9
Dredge preferred
107
,
.
^
28%
v
4% Feb
10%
Jan
;12%.Mar
50
21%
Jan
10
-
106 Va
Feb
6
Feb
107
7%
17
7%
3%
1,800
29%
:
28%
19
Jan
700
100
12%
231/4
107
.
7%
.
20
Common
12
23%
12%
5
Southwest G & E 5%
Standard
4
4
-
—•
—
Works
Lathe
Bend
80
19
28%
Apr
7% Mar
43
Jan
19
Jan
2
107
Apr
16
900
Feb
24
Apr
x2%
2%
5,200
Jan
2%
capital—^,25
33%
33%
100
32% Mar
34%
9
141/e
14Va
300
13%
Jan
14 V8
Apr
Stewart-Warner Corp common,,—.—5
131/8
13%
550
12%
Jan
13%
Jan
15%
15%
300
15%
Feb
18%
Jan
Stein
Co
&
1
—
Oil
Standard
of
Indiana
(A)
common,,
Sundstrand Machine Tool common
Swift
Co
&
5
capital—
..
2%
.
15%
Apr
Jan
25
31%
31%
31%
800
27 V»
Jan
31% Feb
25.
Corp capital——
Trane Co (The) common
Texas
47%
47%
47%
100
45%
Feb
49%
13%
13%
IOO
12.
2
v
Jan
13% Mar
-Jan
7%
Jan
10%
Jan
Steel
S
9
common
cumulative
preferred—
L100
Utah Radio Products common
51%
1.
1%
122
400
122
Feb
120
55
Jan
51
400
52
122
122
13%
50
12%
Jan
6%
15,750
4%
14%
Feb
Feb
6% Mar
48
49
200
45
Jan
50 Va
91
91
50
82
Jan
94
Jan
Cum
500
3%
Jan
9
26%
26%
100
26%
Apr
27%
Feb
46%
46%
100
42%
Jan
46%
Apr
30
98%
Jan
Inc—
Stores
prior preferred
Woodall
Mar
Zenith
Indust
Wrigley
5%
5%
800
4%
65%
65%
150
63%
*
35%
50
2
common
Apr
54
Mar
Chicago Towel Co com cap——9
Cities Service Co common
10
60
60
60
55
Jan
60
15%
15%
950
13%
Feb
26%
25%
26%
7,900
24%
Jan
26%
Apr
American Radiator ft St San com
4%
4%
200
4%
Jan
5%
Feb
Anaconda
39% Mar
Feb
34
Apr
Jan
69
17% Mar
Commonwealth
5%
Apr
15%
5%
Jan
35%
101% Mar
Jan
9
Co Capital—
Corp
100% 101
9;
common,,,,—
(Wm Jr)
Radio
Feb
5%
100
Walgreen Co common,———
Union Telegraph com,
Western
Wieboldt
Mar
Mar
6
5%
5%
Feb
200
8%
58%
6%
6'A
Jan
U Jan
Va Mar
900
%
60
13%
,,
Shares
10% Mar
%
59 Va
Preferred
for Week
of Trice* -
High
—
5 .1
10
common
Penn Gas & Elec class A common—9
U
•
Central & South West Utll com
Apr
92
-10
Brothers
Central Illinois Pub Serv $6
20
10
4%
~-
■
Low
9
common——
Elec Switch
Penn
6% Mar
6%
35%
36'A
Jan
8
33%
50
10
6%
:
15%
200
36%~
36%
>
—
100
15
Feb
22% Mar
Jan
22
115
—*
Pence & Wire class A pfd
Burd Piston
Jan
6
7% Mar
150
8
Apr
1
—
,.1
5
Co
Common
Butler
35
22
capital-—
Borg-Warner Corp common
Brown
39% Jan
Apr
5%
—
Co
Brach & Sons
Apr
35
6
;
common-,-.—.—10
Bendlx Aviation Corp common
—5
Berghoff Brewing Corp
-1
Mfg
35
100
8
Bastian-Blessing Co common
Binks
300
157% 157%
—
———4
3
Athey Truss Wheel capital
Aviation Corp (Delaware)
Mfg
35
35
5%
Co common..,l
Asbestos Manufacturing
i
—
o
Equipment Corp common
Belden
17% Jan
—
American Tel & Tel Co
Armour &
100
35
35
Mfg Co—~9
—
20% Jan
18%
18%
•
Allied Laboratories common—
'? Sale Price''
-
Par
i"•
Allis
Sale*
Week'*
Last..Range
\
for Week
of Price*
Sale Price
STOCKS—
/V;
7
Sales
Range
Thursday
.
.
■
STOCKS—;-.
■■
Preferred
i
w
53%
533A
—
Edison
25
common
Consolidated Biscuit common—
1
53%
100
53%
50
Consumers Co—
Crane
Co
Cudahy Packing Co 7%
Curtis Lighting Inc
*
21
22
pfd—100
—2 Va
cum
common
22%
22%
5
Jan
20
Feb
23% Mar
100%
2%
93%
310
2
Feb
19
850
100
100
2
•
9%
9%
9%
26%
25%
26%
350
100
Jan
2
22%
Apr
Mar
102
Bethlehem Steel
Deere
17
50
39%
56%
.
27% Mar
68% Mar
Jan
General
Electric
35%
Jan
19%
750
7%
20%
60%
35 Va
Feb
7
Jan
-
Jan
6%
5% Mar
100
f
36%
7%
36
Co.
200
5%
5%
1
100
59
59
Jan
37%
Jan
2% Mar
Apr
15%
Jan
37%
Feb
40% Mar
Iron
Corp
9
common
18% Mar
100
17
39%
common————9
Co
&
10% Mar
24% Jan
,
56%
Corp common.
Curtiss-Wright
Interlake
Dayton Rubber Mfg common—1
Feb
9
300
50
Atch Topeka & Santa Fe Ry com,, 100
Copper Mining
12% Mar
100
10
22%
—
—25
common-.
50
10
Com part shrs v t c class A—
9
Container Corp of Amer common—--20
Stocks—
Unlisted
8% Mar
'
Martin
(Glenn L) Co common——1
-250
16%
Jan
--
••••-
20% Mar
h,
Diamond T
Motor
Dixie-Vortex
Co
Car
14%
Feb;
15%
Apr
16
100
15 Va
Jan
16%
Feb
12
150
10%
Jan
12%
„,9
common—
16
12
Domestic Industries Inc class A
6
6%
500
5%
9%
9%
550
8
30%
6%
1
5
15
Elgin National Watch Co
„
31%
250
6% Mar
Jatil
*
/'
Electric Household Utll Corp
Nash-Kelvinator
W.:
Simons
Co
&
Connell
Dk
common,
&
Inc
Pure Oil
Co
Fox
Drive
Auto___
11%
10
(Peter) Brewing common
58%
61
——5
•
12%
Gardner Denver Co
General
Finance
General
Motors
Gillette
Jan
12%
Feb
Feb
61
Apr
10%
200
11%
61
400
39
Apr
800
100
57%
10
42
57%
58
650
'
Apr
51%
Feb
42%
Jan
20% Mar
Feb
25%
*
7
Feb
8
•
Brands
Standard
38%
Feb
45
Studebaker Corp
Rubber Co
common
7'/a
9
43%
43%
-
—*
13%
13%
50
13
Jan
15
•
20%
20%
250
19%
Jan
8%
8%
350
8%
Feb
9%
Heileman Brew Co G cap—
—_1
Hibb Spencer Bartlett common,—25
Horders
Inc
Hupp Mptors common
■
'
'
V-iif
'J '■»
Illinois Brick Co
*
(new)
1
common
'
1
capital
"■
*
.,tt
q
Indep Pneumatic Tool
International
v
Harvester
t'-T
■
Joy Mfg Co
42
10
13
1%
10
4
4
100
15%
"
15%
""
■
70%
11
11
48
48
50
—
Libby McNeill & Libby common
7
9
9
18%
common
preferred
Marshall Field
American
37
Jan
43% Mar.
American
12%
Feb
13
Baldwin
1%
Jan
100
70%
n
Lincoln
&
11% Mar
400
21
5
Printing Co
Mfg class A
4
Apr
4%
Jan
650
Jan
17% Mar
19% Jan
22
50
70%
Apr
73%
Jan
50
10%
Jan
11%
Feb
30
47%
Jan
49 Va Mar
Jan
2%
7% Mar
2,-450
1%
7%
3,900
6%
Jan
1%
29%
2%
7%
7%
1%
150
%
Jan
170
15%
Jan
19
29%
30
14%
•
14%
Mar
Apr
1% Mar
19
Convertible preferred A_
Midland Util 6% prior lien
1% prior lien
;
70
22%
Jan
33
Mar
13%
Jan
15
Co
Springfilled
.
Gibson Art
Hatfield
Hobart
;
Kroger
450
8%
25%
170
5%
9
-
153
High
9%
Mar
4
Feb
8
Jan
Feb
28 % Mar
Feb
5% Mar 1
.
9
Mar
8%
77
18%
.
2%
100
99
186
3% Mar f
Feb
104%
Jan
72
Jan
30
17%
Feb
213
Apr
9
Mar
78
7% Jan
30
Mar
21
Mar
7%
7%
153
5%
Jan
10%
413
10%
Apr
12
35%
20
29
Jan
36% Mar
4%
51
35%
35%
4%
40
33%
,
34%
3%
39
10
2%
2%
31%
197
7% Mar
Jan
4% Mar
Jan
40
Mar
Jan
Procter & Gamble.
8% Mar
8%
8%
350
5% Mar
8% Mar
2%
-1,000
22
50
21
2
21% Mar
35% Mar
Jan
2% Mar
10
22
5% Mar
6%
3% i
13% Mar J
10% Mar
24
12
10%
7%
33%
19% Feb
2
100
2
2%
Jan
22 V*
Jan
2
Jan
Mar
Jan
87o
Pumps
55
319
54
Feb
228
96
227
Apr
228
Apr
4
140
Jan
4
Mar
15
15
200
Jan
15
Apr
44%
44%
10
10%
11
32
37
54%
100
preferred
Randall
Mar
37
25
36
Mar
13
13%
120
12
Jan
265
4% Jan
5% Mar
51% Feb
59% Mar
54%
227
3%
B
—
3%
10
58% Jan
v
,1
„
16%
.
12%
.
2
II
35
1%
300
9%
43%
.
-
9% Jan
2% Jan
10% Jan
150
42% Feb
48 % Mar
200
14% Jan
17%
100
11%
Jan
Feb
12% Mar
12%
34
100
12% Mar
13
Jan
35
250
32%
37
Feb
Jan
•
U
S
U.
Playing Card
S. Printing.
10
a*
A—
American Rolling Mill
11
50
25
Preferred
class
18
s2
20%
—
50
33% Jan
38% Mar
18%
300
17% Mar
11
Jan
Apr
38% Mar
13%
>-
14% Feb
20 % Mar
s2
20
118
3%
Unlisted—
"
18
45% Feb
40% Jan
Feb
36%
,—100 —33%
26
27%
40
-
150
•
page, 1479,
Low
—
-
r
18%
—
200
—
preferred
9
76%
76%
4'/a
9
;
——
8%
100
Range since January 1
High
r
8%
_9
A
Columbia Gas
General
lien pfd
Shares
104% 104%
.
20%
20
Northwest Bancorp common
Sales
for Week
3%
3%
9
8%
1
Jan
Exchange
12
10
20%
North American Car common—
see
50
Drug
20%
700
Northwest Airlines, Inc—
For, footnotes
Dow
National
10
,
46% Mar
8%
12
5
Eagle-Picher
11% Mar
5
Rights
*
—
—
5% Mar
9% Feb
Noblitt-Sparks Ind Inc capital—
1%
Crosley Corp
1,300
*
National Cylinder Gas common
National Pressure Cooker common
16% Mar
Feb
5%
9
Cincinnati Telephone
5%
.
common
54%
Feb
27
27%
—50
10%
common
National Standard cap stock
North West Util pr
pfd,
—
Crank
5%
10
Montgomery Ward &
Nachman
Cincinnati Ball
10%
•
c
$1 prior preferred
Feb
14%
of Prices
Cincinnati Gas & Electric preferred_100
Rapid
t
;
5%
8%
52%
550
Range
8
10%
100
31% Mar
100
15
9
Lunkenheimer
100
Jan
53%
Low
Mar
Miller & Hartv
part
——20
i
*
West Corn capital
Midland United Co-
stock
Products
8
Middle
18% Mar
Mar
100
•
Apr
Week's
_9
:
Laundry Machine
1
common
16%
17
40%
Leonard
,9
600
Mar
1% Mar
Mar
10%
2%
9
common
Mickelberry's Food Prod
Common
Industries
Aluminum
Jan
'
l
common,,,—
20
70%
9
common
v*rt.
21
—9
La Salle Ext Univ common
McCord Rad
Mar
Cincinnati Street
Kentucky Util jr cum pfd
$3 Va
9
•
t c
10%
850
9%
28% Mar
Sale Price
STOCKS-
Churngold
4
Feb
27% Mar
14%
Last
200
15%
18
9%
'
53%
15
Thtirsday
600
1%
43% Mar
Feb
10
common
Mar
"
Illinois Central RR common
■
250
13
13
11
42
9
common—
U
—
Jan
15 Vis
16%
16%
Par
—
37%
550
Cincinnati Slock
20% Jan
10
23%
100
17
9%
9%
25
Mar
7%
common
300
41
16%
*
Oil of N J——
Jan
100
9
Harnischfeger Corp
25%
41
17
Mar
100
100
common
15%
Mar
11
20
10%
(H W)
700.
59% Mar
■
43
42%
10%
Great Lakes Dr & Dk com
18"%
42% Mar
Jan
42%
•
common
18%
Mar
Jan
41%
Apr
9
Goodyear Tire & Rubber
13% Mar
18%
Mar
4
Jan
3%
i
v8
class A
common—
Goldblatt Bros Inc
Co
3%
41%
18
16 Va
ii-
50
17%
42
9
common
Adv
Safety Razor
Gossard
3%
3%
l
common,,,
Corp common
General Outdoor
17%
*
common—
Corp
common
Feb
Jan
11
50
U S
General Foods
11%
9
Standard
Four-Wheel
1/150
—9
—
(The) common
Republic Steel Corp common
11
11
11
9
12%
32% Mar
29% Jan
Dredge
—.
12%
Paramount Pictures fee—
Pullman
Feb
10
Jan
5
9
Corp,
New York Central RR capital
Radio Corp of America common
Fitz
12%
Feb
15%
—*
common,.
Dodge Mfg Corp
50
15%
common——2
750
20%
500
118
33%
1%
Apr
16% Jan
—;
Motors
4%
4%
4%
10
58%
57%
58%
187
—*
30%
29%
30%
148
«...
44%
44%
70
—
,—
2% Mar
20% Mar
10
95
Jan
118
22
Jan
34
Mar
Standard Brands
:
—
28% Jan V
31% Mar
44%
48%
Mar
510
rimken
Roll
Bear
—
—
Apr
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4271
159
1475
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING
APRIL
7
Los
Cleveland Stock Exchange
"
STOCKS-
•
Sales
Range
Last
Sale Price
for Week
V''
.
■
Par
.•'
Low
High "
Body
11%
Brewing Corp of America.
City
Low
,
Cliffs
Cleveland
Cleve
111
Elec
Cliffs
Corp
$4.50
Goodrich,
B
Goodyear
Tire
Greif
Bros
Halle
Bros
Hanna
M
»
preferred
$5
Steamship
__
_
O
__
__
class
Electric
Richman
*
44% Mar
44
Feb
45
Feb
43 Vz
Jan
50
Apr
Dorn
Van
Vlchek
34
193
31
Feb
34
Apr
21
20
21
Mar
23
Jan
11%
244
11
Mar
12%
Jan
18
15% Mar
110
18
Feb
4%
574
3Va
Jan
4% Mar
11%
11
10%
Feb
11% Mar
2
Jan
9
Feb
1%
J.
....
II-I5
......
I——'
;•
220
1 Va
469
6'/4
Apr
Jan
15%
450
13%
Jan
12%
;
—
8%
15%
—
•
1%
8%
■
__
-12 y4
25
12
Feb
Apr
12% Mar
210
32%
Jan
jo
30
40%
Jan
43%
20
33%
Jan'
39% Mar
35
35
a43V8 a43V8
"
a36V8 a36 Va
—
Works
15%
19%
Mar
Feb
Jan
470
15%
7
7
200
5%
Jan
7% Mar
2 Va
*
2Va
187
2
Jan
2%
Jan
8%
Jan
12%
Feb
17%
•
18 Va
11
11
105
Inv,Corp pfd—100
Motor
Apr
r'
Refining
Res
White
106
4%
105
Weinberger Drug Stores
West
Feb
25
11%
I—."
Iron
107%
106
17%
Youngstown Sheet & Tube
Jan
105
Feb
5
100
Jan
22%
29
20
Feb
24% Mar
a35% a35%
60
35% Mar
37%. Mar
Corp
Petroleum Company..
Bandim
Barnhart-Morrow
Blue
Diamond
Bolsa
Chica
Byron
Oil
a35%
•
Consolidated
1
a42% a42%
10
•
Glidden
R
R
a36
al9%
a
_W
common
al8%
Republic
U
Steel
Steel
S
18%
0
common
a
19%
a52
17
37%
•
20%
Feb
Feb
Jan
43% Mar
Feb
17%
55
Jan
Cessna
40
20% Mar
.
.,
19% Mar
18
Mar
51 Va
55
Mar
252
Aircraft
Douglas
Jan
42
Feb
2.00
Feb
1.95
1.95
1.95
600
1.30
Jan
1.95 Mar
Emsco
Farnsworth
Farmers
Foster
&
V1
11.4
Co..
Corp
Tire
Hancock
Oil
Honolulu
&
Thursday
Last
Sale Price
Hunt
Bros
Oil
Lincoln
Motors
Milner
Range
&
Edison
Nav
_
6%
High
300
6%
31%
225
1%
1%
200
5%
220
4%
4%
1,020
.10
'
6Va
6V8
6%
.20
common.
common
Shares
5%
r—
"4%
•
_
Detroit Gray Iron
Ex-Cell-O
Corp
common
Stove
- "19%
19%
19%
General
Motors
1
2,100
1,245-
......
3
29
3
5%
Rubber
A
Magnin
Mfg
Merchants
Safeway
Shell
Elec
Corp.—_
Oil
Sinclair
Goebel
Brewing
Ball &
Hoskins
Mfg
common-
Hurd Lock & Mfg
;
47%
50
Jan
100
27%
Jan
31
Mar
310
8%
Feb
10% Mar
200
9%
5%
Jan
12,200
4c
Jan
43 c
42c
43c
7,600
30c
Feb
16%
16
16%
10
Jan
1.15
1.15
Kresge
(S
LaSalle
Wines
V',/
43
■
435
874
7%
6%
27%
1%
7%
Jan
Jan
31% Mar
Jan
Jan *
1%
Feb
4% Jan
6% Mar
3%
47/a
Jan
Apr
4'/4
Jan
6% Mar
18%
Jan
20% Mar
75c
3%
Jan
1
Jan
4%
Mar
Jan
23
5%
29
Jan
7%
Jan
Apr
Apr
757
4%
Jan
5% Mar
575
5j/4 / 5%
57%
52 %
Jan
3%
Chem
Park
Packard
Parke,
Co
Gold
Davis
19%
19
10
200
19
20% Mar
Jan
Feb
12
12
12%
620
12
60c
57c
60c
610
50c
12% Mar
70c
Jan
27/a
Jan
4%
Invest
Prud
Rickel
(H
2% Mar
24
Feb
Jan
Mar
5% Mar
■
1%
28C
1 Va
30c
100
429
Jan
1%
5
100
5
Jan
9%
160
9
Jan
1%
2
2,000
2%
2%
100
Tube
4
200
3%
2
5%
3%
Feb
class
B
Union
Invest
Barnsdall
Oil
Apr
32%
Feb
Jan
31%
Feb
Feb
36 y8 Mar
60
31% Mar
Co
Borden
—
Mar
Feb
Feb
4l/4 Mar
(J
30%
Feb
Warner
Aircraft
.
F^r
Edison
Commonwealth
Vultee
Cons.
t c
a65"%
Continental
01 £1 »S S
A
Oil
4
Apr
.IfiVk. Mar.
3%
Jan
3%
3%
630
3
Jan
3%
3%
700
3%
Jan
10%
10%
978
10%
Apr
11,000
3c
2,400
4
Mar
100
1.16
2,000
6%
6c
Jan
8c
Feb
3c
Feb
Jan
1.30
Jan
Apr
1 %c Mar
%c
Jan
Apr
a9%
35
9
Jan
10V4 Mar
37%
127
36%
Feb
157%
439
156%
Jan
50
42%
Feb
380
24%
Jan
27
56
Jan
67% Mar
157%
a
26
65
37%
Apr
157% Mar
43%
Feb
Mar
60
4.4
Electric
192
3%
Jan
~4%
125
19V4
Feb
21% Mar
16%
Jan
18'/4 Mar
58% Mar
60% Mar
al6% al6%
10
110
al4%
al4%
a31
a30'/4 a31
a48%
a48% a48%
Feb
30
.,31.
Mar
30 Va Mar
50
35 Vs
Feb
35%
45%
45 V2
Jan
4Vb
Feb
alSVa al5%
45
14%
Feb
15%
a25% a25%
a
25
15%
~~%
Feb
%
11%
Jan!'''
a%
a%
11
13%
4b
a5%
a
110
a31% a31%
...5
—1
Feb
94
4%
a5%
•'
5
;
15;
29
Jan
Jan
Feb
i'g
5%' Jan
Feb
Feb
Mar
30% Mar
30% Mar
'
I
5%
380
16%
16%
40
a4%
a4%
a4%
50
4%
Feb
4%
35%
_*
5%
16%
ir»r» — — r-
Corp
60
600
V 4%
4%
al3%
— 1— «■> WW
15%
a
a36 % a36%
a5%
Light
&
Power
19%
a58% a59%
al3V2
36
555
35%
Feb
37 V2
Foods
Jan
Jan
_——
a41% a42%
a 42%
Corp
32 Vs
Railway Co.—...
Int'l Nickel Co of Canada.
International Tel & Tel
Kennecott Copper Corp
Northern
•-
i
5% Mar
17
Jan
6'/a
'V<'17
Jan
;' Jan
Feb
Libby,
Loev/'s,
Ohio Oil Co
Packard
3% Mar
12
Jan
19%
.—4.4-Jh
Company—^—
1%
Jan
1% Mar
Jan
3% Mar
Standard Oil Co
5
Mar
5%
Jan
Jan
6%
32 Va Mar
a7%
a7%
50
Jan
7% Mar
35
a437/« a44%
60
44% Mar
47% Mar
18%
705
15%
Jan
20% Mar
a8%
a8%
30
8V4
Jan
17
299
16 Va
Jan
18% Mar
19%
130
18 %
Feb
19% Mar
3%
Jan
al9
a
a4
9%
186
9%
Apr
200
2%
Jan
.15
349
-26%
a21Vi a21%
110
20%
HO
42
al7Vs
165
15%
9%
398
9%
al7
3
Mar
33
Mar
common
1
1
1
400
98c
Jan
1% Mar
4
4%
4%
500
Jan
4V2 Mar
3%
-22% Mar:,
•>.42% Mar
Mar
Feb.
18
Feb
10 V»
Jan
Jan
17 V4 Mar
18 Va
44
88% Mar
88 Va Mar
13 Va Mar
12%
p
a24
.
.
—
a
12%
170
12
Feb
a24V4
115
22 V*
Jan
a29% a30V4
170
23
*
10
*
Union Pacific Railroad Company—100
United Air Lines Transport
5
United Aircraft Corp
—5
a34%
Corp (The)
•—
27% Mar
52
a32% a33%
a53% a53%
a47%
Co
Tide Water Associated Oil Co
Union Carbide & Carbon Corp
Jan
Feb,
Mai1"
216
a31%
Texas
Jan
1%
4 % Mar
v 29% Mar
16%
_25
—
Company
Gulf Sulphur
Jan v
a87% a88 %
.25
Texas
Feb
al6%
*
l25
(N J)—
9%
Apr
3% Mar
17
9 V*
70
29%
50
32% Mar?
33%
53% Mar
55
Feb
Mar
366
14V8
Feb
16% Mar
a31% a31%
95
27%
Jan,
31%
Feb
a47% a47%
44
46%
Feb
46%
Feb
a34% a347/s
156
165
13%
Jan
14% Mar
78 y8
Feb
78 Va
15
15
Feb
3% .3%
7
a40% a41%
a21%
.25
15
&
Feb
29%
-1
Swift
30%
9%
Standard Brands Inc.—
2%
5%
220
a88 V4
600
345
30%
al6%
2.000
600
Apr
a4
.50
America—
1%
6
Jan
14V4
a25% a25%
..I
Oil Co
3%
5%
27%
Jan
16%
al7%
1%
5%
Apr
12
17
a
3
5%
25%
329
a8%
——
Railway
Apr
320
14%
.10
—
Car Co...——
Pictures, Inc.—
Corp of
32 Va
18%
Pennsylvania Railroad Company—
Phelps Dodge Corporation
Pullman Incorporated
Pure
41%
Jan
26
..1
Motor
Paramount
Jan
28 lA
a61%.a61'/4
a7%
a61%
Montgomery Ward & Co Inc.
New
York Central RR-—
Inc.
41%
30%
—
American Aviation,
American Co
140
100
25%
7
McNeill & Libby
Inc .——
32 %
14%
14%
—
1
9%
5% Mar
l%c
530
a59%
*
Standard Oil Co (Indiana)
5%
8c
-1
ju.
3% Mar
3%
6%
19%
Company....25
Corp..—*
Republic Steel Corp.
Sears, Roebuck &c Co
Socony-Vacuum Oil Co
30
7%
a64% a65%
19%
13
—.5
(Del)..
Co
.'. '
Radio
159
1479.
100
a28% a28'%
*
Curtiss-Wright Corp—i.—
2% Mar
500
page
7%-£. .7%
Corp—.—1
Aircraft
Jan
2%
see
19% Mar
26
-10G
Commonwealth & Southern
1%
32%
'ootnotes
Feb
a43% a43%
a
..50
Commercial Solvents Corp—
441
2%
Wayne Screw Prod common
18%
37%
al57%
————15
2
32%
class
3,218
8c
Co
1%
*
Co
19% Mar
19%
3c
1% Mar
Cooler B
Walker &
9% Mar
Feb
6%
8c
5
—
I)
Feb
A__
Universal
Jan
19 %
9
a
19
1
-100
Caterpillar Tractor Co
...—...*
Columbia Gas & Electric Corp
*
Case
Feb
5
Jan
8Vs
20
9
al8%
—
.10c
Fe Ry.
Co...
Airplane
Boeing
1%
—1
24%
500
18%
316
•
..10
Company
28%
Radiator common
Jan
35%
Bethlehem Steel Corp—:
600
Graphite common
24 Va
30%
—3
745
U S
Jan'
9% Mar
Feb
29%
—10
Corporation _.i
1%
U S
Jan
23
635
a9%
Locomotive Works v
Baldwin
28%
1
Apr
3V4
8%
100
2,146
Apr
12%
Jan
323
-25
1%
*
common
8%
23%
9c
Jan
3
326
..14
1
Specialties
69
29%
Corp..
Studebaker Corporation
United
Apr
37
7,400
30%
.100
28%
•
common
8c
10%
Jan
36%
Co
1
10
common
Mar
29%
Copper Mining Co
North
"
Standard
10
36%
Co
Viscose
Southern
Tivoli Brewery
Feb
% Mar
29%'
& Refining Co.
& Tel
__l
common
Jan
8%
43
Stocks—
*
River Raisin Paper common
Scotten-Dillon
7
31
29
500
%c
North
10% Mar
2% Mar
4
1
2
327/a Mar
Feb
3%
%c
Feb
36c
Jan
5
!__•
common..:
Jan
Jan
786
.25c
1% Mar
l'/a Mar
24c
9%
1
*
10
common
W)
1
1
common
Jan
33% Mar
Jan
12%
1.25
Mng
General
4%
Peninsular Metal Products common
15
5%
9c
1.25
S
&
1% Mar
1,000
—_
Jan
Jan
30
352
...1
G
3% Mar
4%
common
Jan
15
1,000
Co
Chollar
Jan
4%
Car
Jan
48
36%
Mining Company-
Feb
2
common
Motor
Jan
30c
Jan
Mar
—25
Co
Mng
2%
Feb
common
Apr
30
.,
—25
pfd
Gold Mining
Juneau
Mammoth Cons
1 %
22%
common
Jan
40%
87/a
-_.l
Inc—,—-—,.,,
400
100
common
Mar
1.25 Mar
30%
50
10
30%
44c
Jan
195
23%
23%
Apr
Mar
16 Va
•
700
31
3
19%
824
645
Tube
Corp
\
12%
12%
...25
1%
2%
Die Casting
Stl
6%
8c
'
Murray
43
a27% a27%
...25
California
3%
23%
Mich
332
a29% a29%
1%
2%
Michigan
200
31
'f
1-2
3%
23%
common
15
32%
9%
21c
59% Mar
1
Products
40
6%
Co
1%
1
Screw
25c
43
*
Aviation
Range since January 1
Low
High
10
McClanahan Oil common
600
300
a30% a30y»
'■/
—
29c
15
,»
'
Ltd.——II25
Atchison, Topeka & Santa
,/
Masco
30
32%
;;
..//J:;
IIIl
Anaconda
common
Si
100
41
9%
Atlantic Refining Company....
common
Products common
Kingston
1.05
26c
15
...
m
Corp..
Lines,
30
a46% a46%
Portland Cement
750
41
—
al8%
Air
625
1.15
30
—1
preferred class B
preferred C.
6% preferred
of
9%
19c
..15
Calif Edison Co
Oil
25
9%
9%
...
Company...
Pacific
43% a43 %
9%
...1
Calif
3%
2%
Apr
639
-.10
Corp
General Electric Company
1
common
Jan
Jan
29
a
Inc
1
Bearing common...
38%
12% Jan
42 % Mar
47%
..25
Calif Gas Co
Great
Hoover
59% Mar
Jan
.
-25
1
common
common
Jan
10
Imperial Development Co Ltd
'
'
Graham-Paige
52%
550
12V4
2.50
29
1
Corporation
Aircraft
Solar
Jan
Apr
396
...1
common
CyP common
Oil
480
47%
...
.....
common
Petroleum Co
14U
Jan
Jan
—1
Company
Stores,
Jan
2.50
...
_«
preferred
Union
Signal
460
47 %
Lighting Corp common
Republic Petroleum Co common... —1
Oil
97/a
12
Apr
Apr
a43%
-III
Co
Gas
Richfield
260
,37
40
12%
-10c
....
Oil
12
480
10%
Jan
Mar
a57% a58%
a57%
10
Co
Pacific
Ranch
8%
30
16c
Petroleum
Apr
13% Mar
*
common.—
Company
Finance Corp
Rice
100
300
'
Jan
•
common
Oil
1st
12
a2.90
■V
Co
&
572
10%
37
9%
70
12%
ll7/a
»
Petroleum
Occidental
Oceanic
Jan
a2.90
..10
(I) & Co common—.
Menasco
Jan
7%
480
*
Packing
20 %
1,350
10%
1
Co
1,360
9%
35
'
Co..;
class
23%
12%
'
..2.50
Continental Motors Corp..——
57%
10
„
300
3%
29
28
6%
common..
common
400
1
1
3%
common
Industries
Wood
Gar
—5
common.
common
Federal Motor Truck
...
23% Mar
Co..—
cardinal
'
Detroit Michigan
Feb
for Week
of Prices
31%
—1
common
Cleveland
Detroit
Detroit
6%
«
common.
10%
Bank__100
Corp
Petroleum
Alaska
Sales
Week's
Low
Continental
Jan
10%
Mining Stocks—
Detroit Stock Exchange
Crowley,
9%
10%
Radio
Nafl
American
.
Jan
1,000
35
Hudson Motor Car Co
Jade
12%
...5
common.
&
&
Co
Oil
American Tel
III
6%
9%
-.1
Company
McBean
Unlisted
Briggs Mfg common—
Brown, McLaren common—
Apr
a50% a51
Amer Rad & Std Sanl Corp
1
6
10
9%
a50%
Corp
Television
Motors
Yosemite
/
Telephone: Randolph 5530
..._
245
10 %
Inc..
Equipment
Kleiser
Gladidng,
Goodyear
Union
DETROIT
Building
common
Apr
6%
6
23
American Smelting
Rubber
55
a83% a83%
a83 %
-HI 1
Company
& Merchants
&
General
Cons
Baldwin
Mar
Jan
•
—5
Transcontinental & West Air, Inc..
Chicago Stock Exchange
STOCKS—
22
45
6
-__5
America..
Derrick
Black
'
21% Mar
55
New York Curb Associate
Exchange
'
180
102
54%
1
—
Exeter Oil Co Ltd A___.
Western
Ford
a30% a20%
.100
...
—
of
Transamerica
Detroit Stock
Feb'
Jan
—1
Corp..
Products
Southern
Watling, Lerchen & Co.
-
35
Jan
5 % %
,
6%
1.80
Company.
Aircraft
Electrical
6%
•
100
2% Feb
Jan
160
....
Creameries
So.
Members
40
Jan
4%
2,700
1.95
Corp
Consolidated Steel Corp
Southern
'
High
2
1.95
Sontag Chain Stores Co Ltd
New York Stock Exchange
100
"1.95
a20%
Chrysler
Jan
16% Mar
77
a51% a52
Feb
.•
19
151
al6% al7
—
common..
35
30
19
41 Va
39% Mar
39% Mar
•230
alSVa al8%
*
19%
.
45
•
a35% a36
<r
common
Central
Y
N
Co
35
5%
■
2
Pacific
a407/a a407/s
..1
Low
2%
5%
5%
Co
Investment
5%%
Imlisted—
Cleveland Graphite Bronze com
Range since January 1
High
2%
i
Corporation
Jackson
Low
50o
Corporation
Pacific
22%
—_—50
—....—
50
Shares
'
Accessories
Preferred
11%
Tool
Warren
150
21
♦
A
Prod Inc
50
33%
of Ohio—_——- —-25
Standard Oil
75
fv..."':Par
Aircraft
Central
48% Mar
45
of Prices
Mar
Feb
18
_
Bros
Thompson
Apr
15
Feb
ll5/s
Patterson-Sargent
Reliance
114
36%
34
*
Tile
LeMur
882
40 Vs
___
Metropolitan Paving Brick
Refining new
National
Jan
13% Mar
113%
10
14
Mar
77
National
Nestle
114
106
_
Cement
Portland
Medusa
71
182
u
Machine
Kelly; Island Lime & Tr
Jan
50
_
Jaeger
63
45
#
/V-
17% Mar
Mar
a42% a43%
100
pfd_
cum
Jan
•
a44% a45%
«
_
15
212
70%'
13%
•
Cooperage class A
A
Interlake
114
IZZIs
Rubber
&
116
al7
70%
F.—
51
al7
preferred
common
Feb
12
Iron preferred—
11% Mar
Jan
40%
a50
Sales
for Week
Range
Sale Price
-
'
High
'
10
150
11%
a50
•
Fuel
&
Ice
3
stocks—
Range since January 1
N
&
Week's
Last
Shares
of Prices
'
Coach
American
Angeles Stock Exchange
Thursday
Week's
Thursday
14
14
a78% a78%
66
al03Vs al04ya
140
a24%
a24% a24%
67
a28%
a28
a28%
140
Feb
THE COMMERCIAL &
1476
Monday, April 10, 1944
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
FOR
RANGE
Low
Par
U
S Rubber Co
United States Steel Corp
Union Telegraph Co
Western
566
1214
15
12
Jan
14
80
42%
Feb
47% Mar
925
6!4
Feb
Jan
9
9
37
34
a3834 a39
10
Woolworth Company
44
Fort
Pitt Brewing
Low
Mar
9
;
—
.10
.
Corp..
Fireproofing
39% Mar
:7 V
77 "
«
Philadelphia Slock Exchange
Low
American Stores———
Chrysler Corp
Pub
Curtis
Pr & Lt
Delaware
tmetric
General
24 Va
5%
1st
2nd
Scott
6%
Jan
43
56%
58%
1,385
51%
Feb
8%
Jan
10
6% Mar
Feb
4%
5 %
5%
2,700
29%
29%
1,698
26
20
162
5%
Jan
162
162
-
Apr
166
22
Feb
4,378
19%
24%
2,191
23% Jan
116% 118
32
32%
324
116%
Jan
31% Mar
34%
St. Louis Stock
Feb
29
29
29%
35
25 Va
Jan
3OV2 Mar
18
18
18%
50
16
Jan
20
36%
36%
20
32%
Jan
36 3 a
29%
29%
100.
27%
Jan
30% Mar
37%
38%
217
38%
Jan
43
Feb
56%
56%
60 Va
Jan
.
:
41
*
30
55% Mar
20
30
30
Thursday
Mar
Last
Apr
%
%
25
1%
1V4
Apr
«
%
-l'/4
33%
291
preferred
36%
2%
IV2 Mar
1,962
Mfg common
*
Allegheny Ludlum Steel
25
•
*
_»
Electric common.
.
Jan
Range since January 1
"/
;7-
Jan
43
30
85
23%
Feb
30
Apr
80
6%
Jan
9
Mar
28%
30
25— Apr
105
Jan
9 Va Mar
7%
65
452
7
14%
15%
Feb
7
500
11
11
120
9%
Jan
37
37%
185
35%
Jan
11
Apr
37% Mar
*
11%
11%
25
10
Feb
11% Mar
5
Apr
Steel
comon
.
common
.5
common
common.—
new
5%
120
13
13%
660
10
com
5
20
Prod
Clay
common
18
18
18%
18%
16
16
*
Dry Goods
St
_
common
16 ;
*
9
»
pfd
Can
of
Co
APRIL
ENDING
*
Asbestos
Bell
Telephone
Brit Col
Power
'
24
V
Corp A—-
7.
21%
587
15%
1,245
152
155%
70
_
....
24%
1,970
22
Cement
Canada
Canada
Northern
Power
Steamship
preferred
Canada
Wire
Canadian
&
*
•
—
...
*
Bronze common
Canadian
•
Canadian Car & Foundry commonNew
Preferred
Canadian
25 *
_
Celanese
*
common—
151% Mar
21%
Jan
22
Apr
Canadian
Foreign Investment
Canadian
Ind
common
.
J.
'
34%
8%
62
10%
212
215
34
20
15
8
905
7%
44%
34%
100
44%
25
34%
8%
8%
8%
160
26%
26%
26%
455
37%
156
Feb
24%
Jan
Jan
37%
17%
Jan
16
6%
Jan
Jan
104
18
7%
10
Apr
Jan
Jan
31%
Jan
OO
Jan
5%
Jan
Jan
Jan
21
Jan
9
180
11
18%
20
Feb
Jan
Apr
8% Mar
Mar
Jan
34%
Jan
8%
Jan
10
28
Feb
105
36
Jan
38
Apr
144
Feb
147
Jan
24
Apr
910
15
*
33
33
33%
190
24%
Jan
6
6%
.1,375
5%
Feb
22%
110
Jan
Apr
33% Mar
6%
Apr
5%
8
5
Jan
44%
47%
"492
27
Jan
10%
10%
11%
10%
Jan
12%
39
Jan
42% Mar
2,255
47%
Apr
Feb
41V4
'245
*
29%
29%
225
27%
Jan
—•
40%
40%
195
33%
Feb
44% Mar
27% ' 27%
31
Jan
28% Mar
:
•
Dominion Coal preferred
Dominion
Dairies
—__25
common.—.....
Preferred
13%
__
Fir
Glass
footnotes
page
4%
22
100
common
see
13%
18
—
Dominion Foundries & Steel
Dominion
1479..
Mar
$400
116
116
66% Mar
Sales
Week's
Range
for Week
of Prices
Shares
*
15%
Gatlneau Power common.—..
preferred
General
Steel
Gypsum, Lime & Alabastine.
Hamilton
Bridge
Smith
Howard
Paper
•
common
Preferred
Tobacco
of
Can
common
Preferred
12%
550
6%
50
5%
15
■
-
5%
Jan
Feb
Mar
Feb
Jan
Jan
Jan
88
Apr
12%
Apr
7% Mar
Feb
6% Mar
11% Mar
60
12%
16 %
Jan
Jan
Feb
Jan
40
106% Mar
26% Mar
30%
Jan
Mar
14%
Jan
28%
255
13'A
1,723
13
11%
11%
1,770
10%
7%
7%
100
13%
11%
9%
Jan
28%
5
16
13%
475
12
Jan
6%
416
6
11%
Jan
11% Mar
13
£1
7
108
Jan
12'A
Feb
Jan
7%
Feb
Bronze common
International
Nickel of Canada
—
Petroleum
Power
Co
14
14
235
12
Jan
14
Jan
28%
29
380
28%
Feb
31
Jan
16
16%
425
15
Feb
18% Mar
82
82
20'A
20%
*
24
24
108
...*
com..*
15 "
common
Preferred
14
28%
A.
100
International
International Paper
International
85
15
88
8%
Apr
8% Jan
•
Imperial Oil Ltd
International
15
»
!
Bay Mining
Imperial
7%
106
106% 106%
100
74
350
9
15
12
5
Jan
15%
15
6
_•
Hollinger Gold Mines...:
72
425
6%
•
10
7%
7%
12%
*
common..
10%
Jan
150
88
100
Wares
Jan
8
375
8%
..
9%
105
9%
72%
72
7%
8%
10%
9%
*
common.
Feb
7%
10%
High
Low
341
•
common
Range Since January 1
High
7%
Foundation Co of Canada
Ltd
common
Preferred
.100
20%
*
5
76
515
20
Jan
5
108
82% Mar
Jan
22%
20% Mar
25
106
Mar
23
27%
Jan
113
Jan
Feb
Mar
■
Lake of the Woods
Legare
common
25 %
*
25%
110
25%
26
Feb,
137
100
.
preferred
11
—25
Lindsay C W common.
137
6
Jan
137
Feb
11
11
30
10%
Feb
11
Apr
32
8%
Apr
8%
*
Massey-Harrls
•
8%
8%
;
(Robert)
8%
:
135
8
396
*
7%
7%
8
270
*
Oil
McColl-Frontenac
Mitchell
Montreal
Cottons
Mont Light Heat
Murphy
National
Dominion Bridge
63
66
18%
18%
H CO
405
16
13%
220
4%
135
23%
13
Jan
4 % Mar
14
Jan
5% Mar
18,
60
18
Mar
2t-i;
25
22
Apr
23 % Mar
55
116
Feb
'
Apr
9%
—:
Jan
8%
Jan
Jan
19
preferred
& Power Cons
19%
22
14%
14%
34%
34%
11,703
20 %
22
19%
•
100
Tramways
10
129% 129%
100
15
Paint
Co
common
Breweries
common
Preferred
National
Steel
:
*
*
.
34%
42
25
Feb
Jan
130
Mar
Noranda Mines Ltd
•
54%
•
26
Corp
42
14%
14%
160
265
15
19%
21
13%
22
Jan
33
41
Jan
Feb
24
Jan
Feb
15
Mar
35
Mar
Jan
Jan
118
Jan
Ogilvie Flour Mills
common
Ottawa Car Aircraft
*
43
Jan
Jan
1,625
13%
Jan
15%
21
14%
Niagara Wire Weaving
*
*
Car
-
126%
21
50
15%
Jan
22
51%
55
1,396
25%
26
330
23%
Feb
26% Mar
25
4%
Feb
5% Mar
48%
Jan
18% Mar
116
8%
Feb
7% Mar
•
29% Mar
41
5
Glass
Distillers Seagrams common
M
33%
7%
•
Montreal
Consumers
Apr
35
6 % Mar
5%
47%
25
Smelting.
10
Jan
32%
'
Consolidated Mining &
Jan
20
31
97
f
Feb
110
940
—*
13% Mar
Feb
9
*
Ltd
Preferred
38
23
Canadian Pacific Railway
Jan
17
30
Low
Feb
Jan
25
*
'
i
Fen
Mar
125
10
66
Jan
12%
35
32%
110
144
7%
108
45
146
Locomotive
'Mar
13%
9%
7%
Dryden Paper
Hudson
Jan
41
23
*
"44
18%
32%
25
Chemical
&
Dominion Textile
Apr
110
com
Feb
Jan
13%
10
Feb
24
Jan
23
146
14
18 %
Sale Price
& Coal B
Stores
Dominion Tar
5%
Jan
HO
Alcohol common
"B"._——
Canadian
Feb
16% Mar
15'A
*
100
Rights
Cottons
22%
15%
..100
7%
Preferred
Canadian
Class
7%
•
Preferred
25
20
—
..
18
33%
*
B...
39
8%
•
50
common..
585
107
6%
10%
——
_
7
107
18
•
Cable class
Jan
8% Mar
745
common
Breweries
Mar
13%
Jan
5,206
6%
Feb
13%
Jan
8
17
107
17%
47
■•
Jan
Jan
50
16
.
_
21
10%
98%
100
8%
17
class A
Canada
Jan
3%
15%
*
Forgings
Canada
Jan
Jan
96%
Apr
Apr
16
100
!
1
9
88
16
2%
17
__
common
Preferred
Jan
13%
40
5
_
Bulolo
5%
190
High
Low
2%
•
Products class A.
Building
Dominion
Range sinee January 1
2%
'
■_
18%
Jan
32
Last
8%
2%
B
Bruck Silk Mills
10
23%
'
'
♦
Lt & Pwr
Traction
Brazilian
55
98%
15
15
100
of Canada..
Co
212
9%
92
21%
—
•
& Paper class A—
Power
100
22
Corp
Bathurst
Mar
13
7
STOCKS—
TYTY': 7".
16
98%
.
18
16
MARKETS
WEEK
Dominion Steel
Shares
High
92
—
Apr
10
100
220
1964
25-yr conv inc
L Pub Serv
LISTED
FOR
for Week
of Prices
tf
inn
Apr
BONDS—
Apr
Sales
Low
common..—
18
41%
Par
Week's
Par
common
Apr
41
*
5
—10
15
common
Funds
Range
Last
Jan
18
30
16%
13%
Thursday
Sale Price
Jan
6
13% Mar
13%
*
common.—
Scruggs-V-B Inc common
Stix, Baer & Fuller common
Montreal Stock Exchange
STOCKS—
Apr
Mar
11
D
Wagner Electric
Apr
7
Apr
RANGE
Thursday
47 %
5% Mar
Feb
4%
329
4%
15%
7
27% Mar
CANADIAN
Canadian
7%
7%
Apr
37%
Rice-Stix
High
Low
8%
4%
__
46%
40
& Supply common.—*"
Missouri Portland Cement common..25
Shares
25%
15 Va
4%
:
10
—
60
35
7
•
&
S
National Candy
-
Brewing
7% Mar
Jan
6%
315
47 %
42%
1
Meyer
Blanke
Midwest Piping
High
8%
8%
Co
To
46 %
41%
7
for Week
of Prices
Low
Par
7
47'A
Knapp Monarch
Sales
Range
Last
Sale Price
STOCKS—
Week's
I
1
High
Low
High
42%
.
McQuay-Norris
Thursday
Low
Range since January
Shares
*
5
H >ttig
Pittsburgh Stock Exchange
'
for Week
International Shoe common..
Jan
Laclede
X-i-S
Sales
Range
of Prices
«
.
Hussmann-Ligonier common
1% Mar
Jan
Feb
•
Burkart
Jan
Exchange
Week's
1
•——50
American Inv common
Jan
2
: Par
.
y
2
1%
1%
1
33%
96
33%
33%
Jan
1 % Mar
187
1 %
*
V2
100
.
■:=
SMe Price
STOCKS—
Jan
31
■
__i
593
Associate
Feb
118%
New York Curb Exchange
Jan
25%
20%
61
Phone
CEntrai 7600
Bell Teletype SL
Feb
Feb
19%
32
Jan
Laclede-Christy
Aluminum
1871
Associate Member Chicago
Brown Shoe common
common—.—
Ltd
1% Mar
25% Mar
»30 Va Mar
24 Va
116%
preferred
United Gas Improvement—
Ex-stock distribution—,
Agnew-Surpass Shoe
Algoma Steel com
Jan
75
Chicago Board of Trade
Mercantile Exchange
Chicago Stock Exch.
Jan
■
24%
$3
Aluminium
Feb
22 %
322
Feb
Members
5%
110
6%
20%
3
—50
—50
-50
—*
Tacony-Palmyra Bridge—
Class A
participating—
Tonopah Mining
-.
Transit Invest Corp pfd
Steel
80c
1%
St. Louis Stock Exchange
5'A
Gas &
9V4 Mar
New York Stock Exchange
7% Mar
5%
•
—,
Columbia
5% Mar
Feb
22%
Established
.
Mar
4% Jan
"224
6%'
29%
50
Duquesne
Jan
6%
8%
North 4th St., St. Louis 2, Missouri
300
Feb
-
50
—
9%
9%
7 6%
6%
*
-1
Light—4
v
9%
W
*
Follansbee
3%
108
5V2
2,000
59% Mar
655
58
*
SO
Sun Oil
Blaw-Knox
22%
.
39%
common
Corp
7e
800
4c
Edward D. Jones & Co.
Jan
466
Corporation
United
Jan
4c
St. Louis Listed and Unlisted Securities
Mar
86
Jan
Mar
41%
Manufacturing-:
Paper
5
40%
Corp
preferred
preferred
5% Mar
2c
95
50
Jan
40%
10
Reading Co common
175
6
50
Apr
108% Mar
Feb
41
94
22%
——
1
common
Jan
4%
165
5%
•50
7% Jan
•
4.4%
Philco
78%
20
82%
■'
Feb
Apr
14% Mar
preference common
*
preferred
--100
Elec Pow 8% pfd—-——25
$1
26 %
Apr
5% Jan
13% Mar
Philadelphia Electric Co common
Phila
24%
77
(wd)._13%
common
Power &
Salt
65
6%
186
Pennsylvania RR
Penna
24%
6%
14%
Motors
Pennroad
21% Mar
14%
Lehigh Coal & Navigation
Lehigh Valley RR
National
18% Mar
156
14%
Battery
Storage
Jan
35
82%
1% Mar
Jan
452
19%
*
common
16%
19%
—5
—*
Co
8% Mar
7%
6%
High
*
159% Mar
.
50
Jan
Jan
Jan
8
50c
911
1%
*V'
Brake
Westinghouse Air
157% 157%
157%
100
Baldwin Locomotive Works v t c
13
Barber Asphalt Corp.————10
Budd (E Gj Mfg Co common
—•
Tel & Tel
American
Low
14% Jan
182
15%
1,445
1
8%
1
..7\;7
1
Springs
Steel
•
7-;'
■
457
7%
17 % Mar
Range since January 1
Shares
High
15%
15%
—-—
>V.;'
8%
95c
51/4
•
Mining
United States Glass
Sales
of Prices
Sale Price
Par
Jan
105% 107%
".7-
105%
25
Shamrock Oil & Gas common
STOCKS—
Jan
4%
Jan
5%
.' 7
preferred-
Brewing
Pittsburgh
Standard
for Week
5
7 Va
7%
■
Range
3%
16%
212'
Apr
San Toy
Week's
High
Low
7
4
16%
8%
8%
Supply
•
National
Pittsburgh Screw & Bolt Corp
Last
Range since January 1
16%
*
10
Gas
Mountain Fuel
Pittsburgh Plate Glass
Thursday
/ 7 7
Shares
High
3%
-.
Refrac.
Walker
Harbison
Lone Star
a
Sales
for Week
of Prices
53% Mar
517/8
a46% a46%
—1
Motors Inc.—
(P W)
Willys-Overland
51% Mar
a44% a45 %
5
100
Pictures, Inc
Warner Bros
1% Mar
47% Mar
5
165
51%
Last
Sale Price
Par
Jan
Mar
1%
al %
al2%
V-. V-Tftiw
'''
'
High
Low
High,
al%
*
—10
•
Corporation (Del)
United
Range Since January 1
Shares
of Prices
Sale Price
STOCKS—
;•
STOCKS—
Week's
Range
Thursday
V-
for Week
Range
Last
APRIL 7
ENDING
Sales
Week's
Thursday
WEEK
4%
1 4%
4%
55
Mar
Apr
Volume 159.- Number-4271
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Week's
Thursday
WEEK
MARKETS
ENDING
APRIL
7
Sales
Last
Range
of Prices
Week's
Thursday
for Week
Sale Price
STOCKS-
LISTED
FOR
1477
Shares
*1
Range Since January 1
tiMSl
'
8TOCKS—
Sales
for Week
Range
Sale Price
of Prices
Shares
Range since January 1
'
Par
Ottawa
Electric
Rwys
Ottawa L H & Power preferred
Low
4
T-_
,r100
High
Low
High
25%
—
.ft
25%
51
24
88
60
86
Apr
88
Jan
Pato
Apr
Pioneer
fower
Ltd
Corp
Bros
Price
57o
common-
of
&
49
Canada
Co
Ltd
common..
22%
preferred
;
49
6¥B
612
6
22 ¥2
49
175
*
23
96%
.100
40
¥2
97
YApr
93
i
Crest Gold
San
98
Antonio
12%
—
12VaFeb,'
65
12%
common
St
A
8
Corp
common—
Sherwin
Williams
of
Can
&
Southern
Canada
Steel
of
Co.
Sons
Y
common
Viau
Steel
4
(Quebec)
Winnipeg
75
12
Feb
25
11
150
Jan
63
Feb
65
40
69
Jan
Home
150
3%
Feb
6
*
6
17
7
66
70
17%
6 ¥4
5Vi
280
12
•
4%
Mar
18 V4
7
1,354
6
Mar
66
120
62
Jan
—100
Royal
5c
2,500
2¥2c
Jan
6c
Jan
10%
.10%
100
10%
Apr
47c
1,100
1.70
1.72
3,120
1.62
Jan
1.80
Feb
6.90
6.95
200
6.90
Apr
6.95
Apr
4.80
4.95
500
4.55
Feb
4.95
Apr
37c
Feb
Feb
¥4
!
4
Ltd
4
I8V4
6%
131 Va
128
V$ 153
131
vnt.
;
14
150
Jan
49
135
Jan
Ajax
Feb
155
Jan
V,142
Mar
,
r
&
Oil
Oil &
Alberta
6%
preferred
I'M
cum
100
preferred...
2%
970
2 ¥2
Jan
30
29%
31
1,975
-27 ¥2
Jan
9c
500
16%
16%
1.56
1.65
4
1
1.59
1
IIV2C
4
Consol
;
iac
Ltd
common
of
Canada
5%
92
pfd.-lOO
Power Corp Ltd
Brandram-Henderson Ltd
&
British
American
British
Columbia Packers
Canada
&
Canada
Malting Co
Co
Northern
Vinegars Ltd-
Commercial
Alcohol
Consolidated
Paper
Cub
Corp
preferred
Aircraft
Corp
David &
Limitee
B
-
4
90
70
9V4
1
60c
60c
40
5%
5%
55%
56
11V4
13%
Engineering Works Ltd
Oilcloth
&
Apr
9 ¥4
10
Apr
Jan
116
5
Mar
93
40
Jan
11V4
25
11
Jan
12
13%
25
13
Jan
75c
100
6%
2%
100
6V4
6
1,441
1.00
500
Fanny
Ford
Aircraft
Farmer
Motor
Fraser
of
Jan
3%
Ltd
Inc
6%
1.00
A
&
Maritime
Co
Paper
Ltd
Noorduyn
6%
Storage
21
21
21%
c
part
cum
Canada
Inv
as
Thrift Stores 6 ¥2%
20
23
41
20
Walkerville
of
18
Feb
15 ¥2
2%
1
105
8V4
170
50
4%
> 50
28
4%
25
99
Apr
7 ¥4
28 ¥4
4
0('"
37
10
7%
1,300
5%
5 ¥4
>^00
-',(8% Mar
Apr
ft
A,50 Mar
,28¥2 Mar ry'Y
5%
Feb
_
*
5 ¥4
100
pfd
pfd
-
—
V
when)_
22c
5
26
104
1,152
Feb
37
Jan
VA Mar
Jan
5 ¥4
Mar
¥2
22c
5%
H-
r,
25
21
Jan
26
20
25
Mar
25
3
25
2Va
Jan
3
10,453
1.75
Jan
¥4
55
57%
21
175
21
4
12%
—
3%
61
12%
Apr
'
Mar
Mar
219
12
3% Mar
Feb
63
11% Mar
Mar
21 ¥2
Mar
Feb
12Ta
Apr
Aldermac
Copper Corp Ltd
Mines
Beaufor
Ltd—
Gold
Bralorne
Mines
Mines
4
Ltd
»
4
-
Canadian
Central
Malartic Gold Mines Ltd—4
Cadillac Gold Mines Ltd!
i
..-ft,-
Falconbridge
Mines
Nickel
Ltd-
—
Apr
37c
Jan
67c
Jan
V21
21
21
95
17
Jan
21
Apr
8%c
5,100
24c
25c
3,000
20c
12c
1,505
11 ¥2
Jan
Consol
Joliet-Quebec
Gold
Mines
Mines
Ltd
25%
24V»
8¥a
8¥a
21%
21V2
21%
740
21
Mar
24
25
350
22
Jan
25
Apr
24 ¥2
A
Ltd—
10c
.1
9.50
25%
21 ¥s
Feb
10
7%
Jan
4
21
21
21%
170
1.15
1.07
1.18
219,397
69c
73c
73c
76c
12,500
70c
4
7c
11,700
16%
17
55
3%c
3¥2c
7,000
8%
8%
21
1,300
7c
50
„.
4
Mines
__
4
Steel
„
4
,1
pfd
4
„
10 ¥4
4
1
—
Mines
__
19c
l
;
common
4
5¥2
—
4
100
6%
106
2,000
10 ¥4
-11
1.95
19c
9c
9%c
3,000
5 ¥2
5¥2
10
111
111
10
6%
7
Cycle & Motoi^pfd—
Canadian
Foundry class
Malting Co
Canada
Packers
100
——I—4
„—
B
__
104%
80
106 107 ¥2
4
4
Ltd
4
40
35
110
Permanent Mortgage
Canada
Steamship Lines
100'
96
' 1
Canada
Wire
Canada
Bakeries
&
Cable
Bank
Canadian
class
Jan
99
Mar
Jan
153
Mar
451
9%
163
31 ¥4
20¥4
20¥4
15
5
5
15
131 131 ¥2
22
4
4
5
100
131
common
__
•
preferred
Conv preferred
7%
4
common
1st
43 ¥2
4
20
;
_4
„
& Foundry common
Car
preferred
common
&
Dock
Co
Industrial
Canadian
Malartic
Oils
4
Locomotive
Canadian
Alcohol
4
Gold
Mines
Pacific
Wallpaper
Gold
—
52
4
46
—
60
40 ¥2
Jan
150
8¥a
Jan
23'%
23 ¥2
10
22 ¥2
Jan
24
Mar
13¥»
13¥2
75
12
Jan
14
Mar
950
5
50
125
24%
35 ¥2
146
147
17
55
15
133
44
675
43
46%
515
65c
66c
19
138
10%
11
1,581
_1
14¥2
17
100
—1
1.80
1.65
1.80
60c
5
10%
27
168
138
1,750
18%
Jan
Chateau
Jan
Chemical
Gai
500
1.80
1.98
Jan
Cochenour
3.80
A)ir
300
3.25
Apr
Wines
Research
Jan
Coekshutt
—L
Corp
—
Chesterville Larder Lake Gold
Mining '& Smelting
2%C
114
7%c
10c
12,000
9.50
9.50
200
16
55
2.30
2.000
1 ¥2c
Jan
3¥2c Jan
3%C
14C
Jan
Coin
Gold
Mines
Co
Feb
Coniagas
4
1.30
22c
25c
•
20c
20c
31c
Jan
JanApr
¥2
Feo
1.90
Jan,
1.15
Mar
1.92
Jan
Jan
13e
4%
Apr
Jan
48c
1.72
Apr
Feb
Feo
Jan
Jan
Mar
Feb
1.65 Mar
1.27
Feb
1.85
Apr
2.08
11
¥2
Jan
12%
15 ¥2 6
Jan
28c
Feb
20c
100
4
17
4
33,200
20c
Apr
1.26 M«.r
60
23c
12
17c
7,900
1.30
Jan
1.62
100
1.95
12 ¥8
„
138
90c
9.800
—
21 ¥2
Jan
8¥2c
2.900
1.92
80c
Mar
1.55 Mar
110
31c
1.39
1.90
1
1
Commoil Ltd
3%
30c
1.33
12%
4
4
Lake
Jan
3%
1.37
4
Willans
Plow
4
^1
Mines—1
6 ¥4 Mar
46 ¥2 Mar
14 ¥2
3.100
Mar
51
10 V8
2,068
Feb
Jan
Feb
133
3,165
10c
Feb
Mar
Jan
5¥a
4,300
18%
Feb
17 ¥2 Mar
Mar
6¥4
Mar
150 ¥» Mar
Jan
52
1.00
Mar
28
3 9 ¥2
Feb
1^4
75
17
50
1.80
8C
9%
Jan
17
__
9%
Jan
25
138
1
45
8 ¥4 Mar
8 ¥2
26¥2
37¥a
10c
Mines_
Jan
26
1.00
Gold
8% Mar
8
9¥2
4
B
Quartz Mining
Apr.
Mar
44 ¥2
2ft
Rv_.
136
129 ¥2 Mar
43
4
—
Feb
5% Mar
7%
8 ¥2
146¥2
20¥4
Jan
Mar
37¥2
26¥2
35%
9¥2
—100
—
Canadian
—
A
common—..
Preferred
¥2
18%
5
12% Mar
Jan
Jan
6
-4
Products
Canadian
23
4
100
Dredge
Canadian Food
—
4
25
Celanese
Canadian
10¥2
34 ¥4
:
Breweries
Canadian
10
33
Commerce
of
Canners
Canadian
10
33
1.76
1.80
Apr
Feb
90
1.00
3.25
46
143
1.80
5V2C
35
Jan
20
1
12
Apr
Mar
115
96
1
68 ¥2 c
Jan
151
Patricia
Jan
Jan
Mar
43 ¥4
4
B
—
Preferred
---New
151
Porcupine Mines
Apr
Apr
33
50
common
Preferred
Canadian
—
Central
11 ¥4
7 ¥2
ft
Canada
Castle-Trethewey Mines
61c
112
Jan
Feb
104¥2
190
Central
2¥2c Jan
Mar
6 ¥2
10
46
45
Jan
10
6 ¥2
Apr
Jan
100
Feb
Mar
Jan
9,000
Apr
5
106
9c
12
9%c
104%
3%
6c
Feb
Jan
7¥2c
107 ¥2
Jan
61c
2.24 Mar
25c
Jan
104¥2 Mar
Jan
13
II.% Mar
Apr
104%
6c
18c
Jan
14
2
Jan
Jan
9% Feb
79
1,200
15c
„
1.85 Mar
21c
Jan
4c
104% 104%
35
96
Jan
10 ¥4
Jan
9%
105Va 105%
„
45 ¥2
4.35
8% Mar
1.20
Jan
17
Jan
3c
Apr
8¥2c Feb
Jan
15 ¥2
Jan
I.18
5¥2c Mar
2.725
19c
3.55
Feb
Jan
Mar
93c
6¥2c Mar
325
1.90
—
100
common
Preferred
8
22%
Mar
,3.75
Extension
Apr
24% Mar
Jan
I
Ltd
25%
Apr
4
2,500
2 V2c
1
10
1,911
'
6c
Canada
Mar
25%
3.65
Stamped
Jan
27c
12¥eC Mar
23¥2
6V2C
2nd
10 ¥2 c
24
17,100
1.80
—1
7%c Mar
8¥a
—
Jan
1.00
Feb
ll%c
'
J.-M.
8c
25c
11%
18c
3.25
4
»
2%
61c
■
;
Limited-———!
Mines
82c
33,500
3.75
Canada
Jan
500
48c
6V2C
Cement
157
42c
4
Bread
Mar
42c
4
Bird
Apr
20
82c
Mines
Chromium
Malartic
East
Apr
Jan
30
154
8%c
ft.!
.
151
Jon
82c
2 ¥2.
fyl6c,
■.
1
—
284
21 ¥2
Mar
2 ¥2 Mar
2.45
152
814 C
18c
4
—
Ltd.:
Mar
Feb
Mines
Canadian
Arno
85c
1
1.70 Mar
15
Gold
Cariboo
Mine*—
16 ¥2 Mar
45
Gold
Canadian
.
Feb
Jail
575
4
Preferred
26
60%
*
Feb
Mar
30c
Apr
25
3%
Apr
105 ¥2 Mar
Jan
3
3%
Corp Lid—
Y
25c
Apr
25
3
-
Worts Ltd
4%
50
99
26
it
Limited—
5%
105 ¥4 105 ¥4
-
22c
25
Ltd
495
Jan
Feb
7
13 ¥2
36c
•
Power
:
Mar
ll¥2c Mar
30
Ankerlte
Linen
Jan
236
19 ¥2
Canadian
Hill
245
Jan
5
Oil
Products
jan
Jan
10c
19 ¥2
tjy(;
(2%<Mar
r.
'.
Jan
Jan
35%
37
7%
153%
Apr
232
157
29
.
Feb
Jan
Jan
236
27
6,500
30
25
Porcupine Mines, Ltd
Oil Corp
Canada
lO^rt.fMar
.
,
Jan
1.25
91%
—
1st
.
45
234
23C
16C
Feb
com—*
Oil
Columbia
Canada
j?Mar run
M^/* Mar yv f
yl6ji^-Jan .OUH
-..,18! j Mar ,j0V
21.,^ Jan
1.50 Mar
20
7%
*
*
and
103
238
11c ll'/4C
1
Light <fc Pwr
Dominion
Camp
Jan
13c
150
234
■
—
%C Jan
11
30
]
Distillers
American
Canadian
98
if
Products
103
5,500
•
Ltd
Calgary & Edmonton Corp Ltd
i
Apr
2%
13,975
4
-
Cordage preferred.
&
Caldwell
Jan
ftjv'J.'i
■
22c
152
■
Jan
1.50
28 V4
pf_100
pfd
Steel
17%
19%
8>/4
'•
Jan
1
Mines
Calmont
ft,
Apr
24
655
21
103
£.
-
Walker-Gooderham &
cum
2%
18
21
Apr
4.15
82c
Gold
Mines,
Burlington
Apr
24
Jan
13%
50
Canada,
Brewery
400
1.50
—
1st
cum
20%
18
105
1
Ltd..
Gold
Brantford
Bunker
23 ¥2 Mar
Feb
5
4,
I
cum
Distillers
100
Brewing. B
Mines
Building
Feb
24%
Jan
40
21
Jan
Buffalo
Apr
3 V«
31
Feb
14
pfd.100 •
A
S1
23%
15%
trust
Power 6%
United Corporation
Western
20 %.
3.20
Buffalo
Apr
16
Jan
14
100 Y
pfd-
(if
Top
Brown
9 ¥4 Mar
Jan
15%
common.^.;
Ltd
2nd
Blue
Kirkland
British
Mar
4
2% Mar
4
pfd
vot
of Can 6%
Southmount
United
23
20%
4
Bridge Company Ltd "A"„_
Southern
23
2,650'
,
236
__
*
Mines
British
Feb
32
:
Jan
10
Provincial Transport Co
Quebec Tel & Power Corp A
Sarnia
2 ¥2
20 %c
151 ¥2
236
—4
British Columbia Packers
29 ¥4 Mar
Feb
14
350
preferred--
Aviation
"A"
;
River
British
Feb
Jan
Jan
28%
265
10
&
Power Corp.
n
24%
Co„
5%
Oil
cumulative
6'/«
25
23%
Corp A——4
Distilleries Limited
Refrig
$3
665
31
18 ¥2
Jan
3 ¥4
7 ¥4
20
2%
31
—_4
Preferred
Mtl
16
¥2
28%
I
25
24%
A pfd
preferred--—.
McColl-Frontenac
Melchers
7%
2%
2%
Teleg & Tel Co Ltd com..10.
Massey-Harris
Ltd
cirazilian Traction
Apr
Jan
1.50
24
40
„•
Milling
cumulative
Radium—..
Class A
Utilities
Power
Maple Leaf
.
Jan
Feb
16
290
4
1
Apr
13%c 14¥2c
100
Telephone of Canada
Bobjo
Feb
Jan
21c
151 ¥2
•
&
Mines
B
Bralorne
6% Mar
I
MacLarcn
I'M
31V4
16
5
Shops
Canada
60
7%
103%
9,207
Bonetal
Jan
Jan
'/4
5 ¥4
15
28
4
pfd—100
cum
Companies, Limited.
International
•.
67% Mar
Jan
65c
45
*
31 V*
•
Ltd
Candy
2V4
28
4
Kootenay Power I'M
Fairchild
18
'2%
—
31
Square Corp
Donnacona Paper Co Ltd
East
18
,
30
211,400
Gold
Bidgood
Mar
7
Scotia—-,———-100
Mining
Beatty Bros class
13% Mar
6
4
3.ud
8¥2c
105
3.„o
3.00
1
Rights
Beattie
Jan
Mar
85c
j
105
*.
Jan
185,950
2
*
Jan
Mar-
40c
3
Linoleum
Dominion
Apr
1
Exploration
Erewers
4
,
Dominion
24c
i
•
"A"
Dominion
Jan
100
Broulan
Frere, Limitee
V "
I.80
99
6 %
Jan
21 %c
1 ¥2
Jan
4
Jan
53c
1.80
90
•
Apr
18c
Mar
1 ¥2
Bell
■
1.01
Feb
37c
1.84
Berens
Ltd
Jan
Jan
12c
1
45% Mar
25
4
:vv
Mar
55c
150
Jan
45%
Ltd—.
69c
2,700
201.740
Feb
4
:
99
99 ¥2
Feb
6,600
15
43 ¥4
45%
6%
Jan
Jan
96
58 ¥2c
40,000
,
81c
20 ¥2 Mar
450
—_5
Jan
Jan
18c
15
Jan
20 %
common
18c
10 ¥4
46c
69¥2c
20
20%
,_15
1.01
88
Feb
14
7
-
12c
15
25
9'/4
preferred
85c
195
74c
22%
55 %
2,900
*
Jan
*
25
63c
1
Feb
—100
93
97¥2
Bear
Jan
21
common
Ltd
10 Va
Api-
23
90
Jan
8% Mar
44¥2c
i
Montreal
Class
_
Alcohols
6
400
100
Mar
Bathurst Power & Paper class A
155
25
_•
pfd
11c
15c
120
92c
100
Toronto—
21%
——
1,000
17¥ac
1
Ltd
Nova
21%
*
7%
'
of
4 ¥2
25
Mines
Metals
8%
25
1.79 Mar
46c
of
Bank
Base
Apr
Products Ltd common—-4
cumulative
9
Bank
Feb
Ltd
5%
6
Jan
7
Vickers
Commercial
Mar
3 ¥4
4
Canadian
preferred
Jan
71
3
Paper Inv Ltd com_4
cum
36
Jan
25
Power &
7c!o
Jan
60
5
4
•
Jan
1
Mines
of
8%
Canadian
Catelli Food
Jan
27%
Bank
4
4„
-
—
2%
900
64
6
Ltd
1.10
l
Bankfield Cons Mines--
High
8%
Ltd
Power
Low
30%
Bagamac
Range since January 1
3,305
5
Ltd—±
Canada
Shares
High
64
Mines
Mines
Gold
Gold
_4
Dominlop Sugar Co
Canada
29 Va
—4
Distillers of Van Ltd.—
Oil
30
Gold
16 ¥2 Mar
26,500
91
Jan
Jan
2.200
97
Jan
10c
12%
70'?;
61c
—
63c
Jan
'Jan
18c
(
High
3 ¥4
36 ¥4
•
7¥2c
91/4
15c
9%
*
Low
ll¥ic llV2c
4
Wiborg Proprietary
Aunor
Range since January 1
High
common
Quebec Mines
&
Shares
2¥2
common
Co.
Sales
for Week
Range
of Prices
Low
Copper
Gold
--Astoria
Sales
2V2 2%
_100
Beauharnois
Brewers
2V2
Exchange
Funds
for Week
of Prices
Low
•
Apr
2¥2
—
Pacific
Steel
Armistice
Ault
Range
Par
common
21 ¥4 Mar
35c
4
common
Gas
Aldermac
Funds
Week's
Sale Price
-h-v
Paper
3.65 Mar
Jan
Co
Agnew-Surpass Shoe
Montreal Curb Market
&
Jan
20%
.
f"9'135'/4
Mar
Gas
Arjon
STOCKS—
3.25
80
gc
Power
preferred
Aquarius
..
400
3,110
21
100
Power &
Aluminum
Power
35c
Week's
Par
Abitibi
Anglo Canadian Oil
Abitibl
■'
Jan
3.50
20%.
Sale Price
7% Mar
Aluminium
Last
65c
35c
—
20 ¥2
East
Algoma
Thursday
Mar
3.00
■
•
Company Limited
.
138 Va 138 Va
Canadian
42c
11 ¥2 Mar
-
STOCKS—
21% Mar
151
—-100
Apr
4 ¥20
Canadian
68 ¥2 Mar
75
;
Montreal
Company Ltd
Co
Oil
Jan
21
131
Y 'Sc
1.70
Jan
6
Jan
17
Banks—
131
3,75
Thursday
Acme
100
Apr
Toronto Stock
-
Commerce
3.75
l.
Apr
21 ¥4
-a.
500
43c
Feb
65
*
Oil
Oil
71% Mar
4%
100
3.75
»
Jan
42
4 ¥4
common
Jan
3.75
Apr
71
4%
common
Apr
9c
10V2
.
1
Ltd-—-
2.10
3.75
1
Ltd
Apr
Apr
Jan
4c
Feb
64
ft
...—4
-
2,000
Apr
12
Jan
17%
6¥4C,
4.00
Jan
11
10V2
—
6c
High
Jan
Jan
135
Jan
10
143
4
2.10
1
.
Royalite
16
Feb
128
11%
Preferred
Jan
15 ¥2
Apr
15
5
11%
common
Electric
¥4
10 Vs
71
:
Ltd
Mines
3.40
100
•
64
--..ft
14%
1,039
15
135
10
—
*
Ltd
15
1
—1
Ltd
Mines
Amulet
Dalhousie
Jan
3V2
Cons
5,700
2.10".
!:.
Ltd..
Low
'4.00
3.70
2.10
;
Oils—
Jan
53
11%
Ltd.
Zellers
15 ¥2
Jan
*
___
Corp.-:.
Biscuit
Wilsils
Apr
46%
12
i-,—'
,_25
Tooke Brothers —i_—
13%
81
14%
10
:
90
260
15 %
*
common
—
2%
13%
2% Mar
Ltd-—
Mines
4.00
High
Feb
Feb
23
48
135
Power
Canada
Preferred
United
14%
100
Simon H
Jan
13%
48
*
common
2%,
8%
7%"Mar
21
-
Paper preferred..—,100
Water & Power
Preferred
10
48
50
Lawrence
Shawinigan
25
21
•••'
•
preferred
8
21
—25
Lawrence
Class
St.
0
——
Preferred
1
Mining, Co Ltd
Mines
Gold
Waite
Regent Knitting
Gold
Low
1-1
C_
Ventures Ltd
Feb
14
B
Mines
Sigma Mines
Mar
Sullivan
Quebec Power
of
Siscoe
24% Mar
Jan
19
275
Mines
Shawkey Gold
Jan
1,208
Gold
Jan
7V4
Par
•.
.
Jan
52
Mar'
6
:
•
Cons Gold Dredging Ltd
Red
Penmans
'.
•'
25%
¥2 Jan
88
__
Feb
22c
Mar
29c
Feb
33c
Mar
Jan
Feb
'
Commonwealth
Kerr
Lake
Addison Gold
Shore
MacLeod
O'Brien
P""-
Mines
Mines Ltd
Ltd
Coekshutt
Gold
Mines
e-iot,notes
Gold
Mines
page
1
147°.
2.25
Ltd —1
Ltd
seo
15%
1
1.90
1.74
1.95
17,580
9.20 Mar
15%
2.25
1.38
Feb
9.95
16c
Mar
Petroleum
Mines
Coniaurum
5
Mines
Apr
2.70
Apr
Consolidated
Jan
1.95
Apr
Consolidated Fire
•
Bakeries
&
—
Casualty
4,
_10
31c
31c
500
1.20
1.20
200
1.20 Mar
1.50
1.45
1.52
3,300
1.45 Mar
15
15
15
130
__
3%
3%
3%
150
15
3%
.
1.^2
1.70
Jan
Jan
Jan
15%
F«b
Feb
3%
Feb
)
Monday, April 10, 1944
CHRONICLE-
COMMERCIAL & FINANCIAL
THE
1478
LISTED MARKETS
CANADIAN
■
V.'"
WEEK
FOR
RANGE
APRIL 7
ENDING
,
.
5
Consumers Gas (Toronto)—
100
Crow's Nest Pass Coal Co—^-—-—-'100
Smelting
Consolidated Mining &
128
I 30
30
Mar
j 50
65c
5%
400
5
12%C 12%C
8,086
Preferred
Dome Mines
39%
East
Washing Machine
Equitable Life Insurance—^
Easy
preferred
% preferred
13%
21%
22%
540
22
Jan
10
50c
Jan
75C
Mar
34
Mar
32%
30
7%
7%
145
7%
Feb
10%
10%
270
9%
Jan
11
Feb
8%
5
7%
Jan
10
Mar
200
3%
Jan
'■< 5
Jan
26 %C Mar
9%c
9c
9%c
8,100
9c
Feb
,12 %c, Jan
1.78
1.74
1.80
5,310
15
15
10
8%
8 Vu
200
7
60
3.25
1,187
6%
15%
8c
Saddlery
West
Preferred
Great
Gold Mines
Gold Mines Ltd
Gunnar
%
87%
89
93
.15
12%
12%
12%
725
295
370
325
61,215
9%c
9c
9%C
19,500
4 %c
4'4c
4%c
14,000
Mines
Halliwell Gold Mines
Swayze
Halcrow
Bridge
Hamilton
Hasaga
Hedley
Hinde
Jan
5c
%c
Jan
84%
Feb
6,000
2%c Jan
4C
Mar
4,100
17c
Jan
20C
Jan
6%
690
6%
Jan
7%
Jan
5%c Mar
9%c Mar
Siscoe
2%c
Jan
5%c Mar
Sladen
6
805
bVs
Feb
:
-
5Va
v
3
3
111
10
4
Mar
Jan
100
111
Apr
5
5%
1.04
11,000
Feb
Jan
Feb
Steel
3,600
60C
3,511
41c
Jan
75c
68c
1,000
33c
Jan
68c
15%
Jan
16% Mar
61c
240
16%
16
12
3,620
3.35
3.50
2,610
3%C
3%C
500
-
3%.c Jan
27c
28c
4,550
26 'Ac Mar
27%
29
848
11%
11%
155
28c
3.30
Apr
12%
Jan
3.70 Mar
Jan
Sullivan
12
5.
11
Feb
12
5
72
Jan
79% Mar
166
69
161
Jan
169% Mar
;
13
13%
11%
10%
10%
7%
7%
7V4
57c
55c ^
59c
;
11%
'•■'A'iS,
■
3,662
Apr
14%
Mar
13
McWatters
Gold
&
Monarch
29
1,325
Moore
Corp
Muirheads
"Eor
common..
see
page
1479.
4%c
1.06
United. Steel,
Upper Canada Mines Ltd
Apr
Ventures, Ltd.
Vermilata Oils
10c
40c
Feb
Walte-Amulet
Jan
Walker-Gooderham
Jan
4c
— -r —
12
50c
1.17
Jan
80c
Jan
1.24
Jan
17%
Jan
5.95
Jan
6.45
Jan
11 Vac 13 %c
92,600
6c
Jan
13%c
Apr
Jan
14%
Feb
14%
280
1.14
4,150
1.02
1.04
6.870
24%
25%
265
13 V?
Canada
Western
Apr
14%
1.12
66%
.
Ltd
common
Preferred
2.19
10,570
2.04
Jan
19c
2.10
2,000
•
Jan
1.24
Feb
25%
2,2.0
,
Jan
2.29
:';v. 20C
Jan
7C
Jan
2.20
1.60 Jan
9,800
2,800.
^
^
16
15%
3.40
3.35
3.45
3,512 :
1.25
1.25
10
10
400
28
25
•
10.
..
98
17c
>
A.
73
98
I6V2C
r: 16 %c
!
13
-.
.
x
4%
2.45
7.05
•
..
24c -24p.
13
•
65
94
68
94
5,960
■—
4c
4c
>
Apr
Mar ;
19 %C
Jan
15
Jan
52C
Jan
6% Jan V V 8% Mar
Feb
12
Jan.
16. Feb
5
Feb
.
5%
5%e Mar,
7%c. Jan
.3% Feb
. 5
Apr
1.96 Jan '
2.52 Apr
6.00 Jan
7.05 Apr
10c Mar
19c Jan
4.50 Jan
.- , 4.95 Apr
57% Feb
63 Mar
20% Mar
21% Mar
26c.-..Jan94% Mar
16% Feb
17c Jan
7% Jan
69
Feb
3%cMar
5
3.30
Mar
,,
Jan .
Jan
4c Jan
6% Mar
60% Jan
90
Feb r
2.95 Jan
55
3.00
Jan
98
Jan
Mar
4%c Jan
75
15
31,600
752
68 ■££* 150
3.25
12,000
•
,,
11
30
24c Mar
85
14q
6%
13c
6%
14c
6%
.
2,250
.
,
40C
.
Apr
Jan
Jan
Mar
15C
35
Jan
1,25
85
1,655
•
87 88%
16% 16%
I6V2
Mines—
7%
7,
13%"* 13%5%
5%
5%c ■ 5%e5;
10
;
4,000 :
> 4%:... 5: ; 1,265.
2.31 2.52
23,300
6.60 7.05
9.^
11c ll%c
32,700
4.75 4.95 > 15,105
;. 59%
"*£>100
20% ;50
5%
3.85
Feb
:m
't.-
Jan
,
Jan
28
8
13% \ "
1 >
i
Jan
-16
1.05
2,700
13
7%.
-
•
100
100
•
;.i: 2.47
Feb
,
3.25
1,100
,
42%c 43 %c
>'
■■ -
87
pfd
Feb
Jan
2.00
140
28
1.80
15
30.
16
Jan
4V2C
Jan
Jan
2.35
2.05 Mar
5,000
1.73,'
2.12
;
—
Wright-Hargreaves Mines
Ymir Yankee Girl Gold
Feb
Mar
Mar
3.50 Jan
95
Apr
22%
Jan
Mar
-
Apr
72
Apr
24%
8%
65
Jan
17c
.
,150
k
.tlC
'..7c
1.69
^
pfd—100
•
,
Alexander & James
Wood
1.20 Mar
Jan
5%
61
Mar
-4% Apr
12% Mar
..
Jan
1.69
1
Mills
Flour
1.27 Jan
1.05 Mar
90c
*1%
24
24%
135
3.75
3.65
3.75
2,295
3.40
Jan
3.95
Feb
2.30
2.28
2.35
6,116
2.18
Feb
2.55
Jan
1.60
Jan
2.04
Feb
3.35
Jan
3.75
Jan
3c
Jan
7
Jan
15
Jan
1.85
1.85
1.90
14,298
3.50
3.40
3.55
13,300
6
6
300
l%c Mar
6
Feb
14
14
110
13
1%c
6
14
■
1%C
29,400
8%
8
8%
875
21
20%
21
655
105 105%
15
57
56%
57%
675
1.41
1.41
1.45
4,525
50c
42c
55c
110,603
7%
90
Feb
7% Mar
19%
Jan
7% Feb
9%
21
8%
Feb
106
Mar
61
Jan
Beath
Sons A
&
Canada
Vinegars common..—
Canadian Marconi Co
Jan
Consolidated
55c
Apr
Consolidated
Mar
1.56
Corrugated
13 %c
15c
10,200
7c
Jan
19c
19c
20c
2,700
15c
Mar
24c
Jan
8
Mar
DeHavilland
Mar
Dominion
Jan
Dalhousie
& Gravel
Box
Oil
7%
35
42c
45c
110,603
1.90
3,100
18%
18%
10
16 %c
Jan
19
Mar
5
5
50
3
Jan
5
Apr
Ontario
Feb
•
— —
19 %c, Jan
1.80 Mar
83%
Oil
,
*'
>•;.
Jan
47c
Feb
22 %
Feb
53% Mar
Temiskaming
Feb
2.00 Mar
*
__
Script
:
2<ic
1*
Stop & Shop
Jan
805
19
53
53%
268
46%
2.00
2.00
300
1.65
;
85>4
35c
5%
*'
28 '' ; \
5% Jan
8% Apr
300
25
759
2,852
6
8%
9
2%
,6%
78
35c
5%
28
...
Range since January 1
Low
v>:
High
Shares
High
85%
__
*
—
Silknit
Jan
7,515
20
w'
'.3
8
8%
.-'=^'2%
V 6
78
*
Bridge Co
Selections
Mar
20
41c
19%
of Prices
Low
Pend
Oreille
Walkerville
Mines
&
Metals
?
pfi :
„
35C
Mining
Brewery
1
*
.
10c
3%c
3%c
12
a12
25c
-
Sales
for Week
'
.1.85 Jan
5% Jan
78
Apr
84
100
1,350
10
45
Mar
3lV2c Jan
3
Feb
v. '•
••.
24% I'.':'Jan
8% Apr
10
Jan
2% Mar
6% Jan
81
Jan
91
Feb
5 <
12
49c
1.72
25c
11c
3%
Mar
Apr
Jan
Feb
41c Mar
5% Apr
29 Mar
'.. f'* *-•';
Jan
36c
76
39c
20
—
,
.*
2.15
74%
76
41c
*
•
53c
__
' ,6%
Osisko Lake Mines
7%
--
pfd—100
—
1.80
*
*
1
pfd——100 /v
Aircraft
43c
*
Range
'
-
Corp__
Paper
Sand
Paper
15c
6
Week's 1
Sale Price
v
Par
Mar
1.35 Mar
"
STOCKS—
V -" V
Funds
Thursday
Last
Jan
Mar
40c
Exchange-Curb Section
Canadian
■'
Jan
55% Mar
102
Toronfo Stock
.
16c
•
5
2.10
;
•
u
Westons
691
'
25
17c
1
ll%c
4.90
*59%
com
Wiltsey-Coghlan Mines
Winnipeg Electric common
284
1.04
929
70
.
2.12
•
Worts
&
Feb
6.30
1.14
12
8%
63%
.
63
.
V-l'yvA"';
Ltd
Mines,
WgndigoGold Mines
Feb
Jan
Jan
5
Jan
65
12
•wiv 8
8%
79c
Jan
2%
10%
540
Jan
66C
i
Jan
65c
13,330
4
—
Preferred
Mar
;
1.24
15,000
1_
:
7%c
16%
14
.
Jan
Apr
Mar
110
Jan
3%C
4,500
1.15
3%
V
2.17
_25
.....
* ,
——• '
1
•
Ltd
United Oils
Jan
Jan
1.15
•
common
footnotes
Feb
22%
i
Cafeteria
3%c
70
1*
Jan
6.30
14%
.100
& Power..
Mar
—
23
15%
100
Light Heat
Feb
58c
...63%
•
•m —
Porcupine
Montreal
42C
9,900
':M
1
Hit
1
class B—
•
Preferred
Moneta
3,025
64c
1.12
class
Corp
United Fuel
1
common
-.1 mf
A.
23%
20 % Mar
375
United
Feb
31
Finance
Union .Gas Co
Jan
103
28% Mar
1,580
12c
class
Jan
6.30
...
Knitting
47c
60c
9%
18%
Jan
105%
Feb
1
I
46c
62c
3%c
Exploration Co— ——1
7%
1
Containers
Modern
95
Trusts— 11-100
61c
5
;
108
*
20% Mar
20%
7%
Gas
106
_5
Feb
Jan
Mar
13
'
...
Jan
20%
.100
I
Oil
Oil
6%
.
11% Mar
Feb
8%
25
47c
,~J*
54 %c
99
23%
8.75
111
107
izizzr1
6,200
15
Feb
Jan
255
»
common
General
Towagmac
6c
79c
10C
•
Jan
16
Jan
8%
V
Feb
Jan
50c
Mar
18%
10c
lv;.
—
Traders
25
23
Jan
65c
8%
v
TIIIli
Top Tailors common
Toronto
2%C
10,549
Feb
,
3.95
Apr
18%
7
'
-
25
Ltd
Mines.
Canadian
Texas
Tip
13,800
68c
68c
I
Transcontinental Resources
28%
common
Mining Corp
■I
.;7C.n
Apr
*
Mercury Mills
Mid-Continental
Ltd
5%C
4c
66c
5
..
Mines!
Gold
14%
%c
14%
15
Mur
455
15
Jan
5c
Jan
34c
Mar
265
Feb,
r
3c
41,500
45c
41c
14%
Mines—i
12% Mar
1.17
_•
Mine?
3.70
199
'
—
10%
450
_•
Mines
Graham
McVittie
S% 3.65
Jan
_
Iron Mines
Jan
1
*
Apr
3.50
L
Jan
16%
I
]
Gold
13%
3,113
•K
9%
20%
•
Mines
150
3.75
T;,
common
10%
28%
•
Mines
13%
1
190
19%
19
—
Lake
13%
4c
—
830
1
Lake
Red
2,000
*
102% 102%
19
'
■
Red
4c
100
100
,
*
20
Porcupine
4c
.
Teck-Hughes Gold Mines
79
11%
13%
Preferred
McKenzie
15
Toronto Elevators common
•
McMarmac
120
.
_
Tamblyn
166
166
'
Mclntyre
.
21% Feb
26% Mar
Jan
19%
26
25%
Jan
11c
142% Mar
Jan
20
.
.
_
Apr
12
3
1
.......
_
.-.L—i:
Cons
Jan
255
7
Jan
Jan
Frontenac
_
—
11%
90c
Preferred
21
20%
3,700
31% Mar
Feb
110
■
Mar
25
Feb
134%
9
it.
—
Mines
30 %
Mar
6,595
McColl
139
1
11
1.05
common
138%
50
River
Svlvanite
1.00
Preferred
8%C
■
Jan
Mar,.
'
28
,8c
150
31
8c
,255
—
Contact
Feb
1.02
Massey-narris
Sud
200
25
31
...7
Gold Mines
Sudbury Basin Mines——
Jan
Mar
common
Feb
1
Canada
Steep Rock
4%c
31c
Milling
6c
23
Jan
64c
Jan
#
Radio
of
Sturgeon
33c
2.600
Leaf
Jan
4%c
21
—I
preferred.
Preferred
Feb
79
?■
—
Jan
11%C
4,300
25%
1
26% Mar
■■
75c
23,800
138%
.10
Mines._
1.25
12,825
24%
•
Co
2.80 Mar
9.50 Jan
5C
31
0
Mar
II
11%
11%
■
Jan
32c
*
Paving common
Standard
9c
Jan
8.55 Mar
1.07
8%c
100
Petroleum.
.Preferred
5%
8% Mar
6%
2.32
40
25c
..
Gold
Jan
98c
42c
Mines
Mar
Feb
1.09
4%c
■
...
*
1.29
Jan
4
57c
'5
68c
i
.
5,575
>
1.64
5c
*
Jan
%c
6c. 6%c
6C
'
91c
Feb
1.73
.
31c
1.06
Springer Sturgeon
Standard
Feb
100
Mining
Malartic
Mar
4%
965
98c
__
_
common...
Dairies
End
South
•
5%
98C
33c
Maple
100
Co common
Jan
16
Jan
2%
150
.111
3
Mar
15
35
im.
15%
'-ij'j.'.
31c
Manitoba & Eastern Mines—
9.00
»
Mar
6
33c
Mines
9.00
*
i
Gold
5,500
15
Gold
2.57
Ltd
Gold
Jan
2.47
89c
1,200
95c
.8%
7
Simpsons Limited class B.
Preferred
40,000
10
Fields
Feb
Jan
2.26
2.10 Mar
___
—2
Silverwoods
7c
Jan
Lake
1.37
.
Mines
Sigma
5%c
Jan
Gold
Jan
1.24
90c
St
6%c
9.05
Red
1.26
12,100
1.15
Jan
1.84
"
Antonio Gold Mines Ltd
4%c
14
Malartic
2.900
1.48
V.
a
l%c Jan
Madsen
1.55
8%
1
45
110
MacLeod-CocKsr.utt Gold Mines
910
2.55
—
3%c
500
Ltd
2.25
95c
1
Anthony Gold Mines—
Lawrence Corp class A pfd.
San
Mar
5,727
1
Royal Bank of Canada
Royalite Oil Co.
Senator Rouyn,
52
Mar
3,110
2.26
2.57
1
Mines
1
Industries
Mar
90c
130
95c
1.50
—'
Preferred
Jan
50
20
43c
""
Amer
Long Lac
Russell
Feb
7%c Jan
'
Mills.
L)
Jan
1.45
10c
Jan
2.20
:
,
1.47
St
Fherritt-Gordon
6
*
i
8,243
28c
Mar
99
3%C Jan
2.15
2.19
2.25
Mines.
Apr
6,120
Mines.
Gold
Reno
5c
1
1
5,800
92c
'
1.55
Quemont Mining Co_
45
4c
4%C Mar
Jan
7c
130
•
1
Proprietary Mines
Feb
9.50
B
36c
36c :■
Queenston Gold Mines
10
9.35
Class
of
Shawkey
9.50
Macassa
34 %c
0
Mines
Shawinigan
3,742
Groceterias class A
7c
1
Dome
Apr
3c
Loblaw
East
Jan
14%
Mines Ltd
Metals
7
17c 19 %c
Mar
9
-
—
Mining Co
Premier Gold
Pressed
24
36
Feb
4%
v
1.15 Mar
1,000
7%c
5c
trust
Voting
Jan
5C
Ltd
7%c
7c
*■-
Jan
3c
Gold Mines.
7%C
Gold
Rouyn
5%
14%
Little Long Lac Gold
Powell
1
Mines of B C—
Pioneer Gold
19%
*
1
I
i
Leitch
Gold
1.28
1
.
Mines
Gold
73
...1
Laura Secord Candy
Jan
_
Ltd
Paymaster Cons Mines
Penmans Ltd common
65
;
i
Pandora
Partanen
7
Jan
Ltd
Jan
6%
5,090
23
Jan
Mines,
3%
75
1.30
7
5c
Gold Mines
Lapa Cadillac Gold Mines
130
95
23
4%c Mar
Shore
4
8%
109 % Mar
1.26
Mar
''
Lnkp
4
8
•
Ltd
__
Cadillac Gold Mines
Malartic Gold Mines-—
Porcupine Mines
24
23c
Lamaque
106% Mar
-
*
Tubes
Hersey
Page
Pamour
Jan
7,738
Lake Dufault Mines Ltd
5
1.06 Mar
20 %
20,900
Lake
/i 107
52 %c Mar
50
5c
Kirkland
Jan
107
Feb
22%
10c
Kirkland-Hudson
Jan
53c
Feb
St
33c
Kerr-Addison Gold Mines...
70c
50c
45c
St
Sc
:
Mar
25 %C Mar
95
Jan
31c
Mines
1,500
4,500
25
5%c Feb
Consol Gold Mines.—
M.
53c
31c
500
56%
Jan
Apr
53c
31c
96
3%c Mar
6%
5% Mar
1.95
Jan
1.37
82,560
'
47c
52% Mar
32c
Kelvinator of Canada
1.95
Jan
230 -
29 %c
ivy.
Jan
9%S
Jellicoe
1.70
4%
2.00 Mar
Jan
47c
90
J
1
Mines
5
1.20
-
47c
Jan
1
Mining Co
Walte
Jason
,J
7c
15c
23%
Nickel common
Petroleum
International Utilities class A
Jack
Jan
I
100
•
•
*
Preferred
4%
*
7c
Imperial Bank of Canada..
100
Imperial Oil
—*
Imperial Tobacco of,Canada ordinary_5
Imperial Varnish
*
Inglis (John) Co
6
Inspiration Min & Devel
1
International Metals common A
*
International
200
—1
Petroleums
Pacific
4% Mar
—i—
International
1.95
Jan
25
*
Hunts Limited class A——
;—*
Class B —
-*
Huron & Erie Mortgage common....100
1.95
Jan
iP
2%c
3,600
26,500
Feb
Jan
30
Silk
Apr
Mat
Jan
69c
•
68C
4%
Smelting
Bay Mining &
Hudson
200
4,500
Roche
7 %c Mar
5%c
6%
1
Gold Mines
Howey
4,036
10,400
45
—1
Gas—
21 %c
Jan
87c
Mar
18,950
52c
89c
Robertson
Jan
14c
Mar
48c
4%c
14c
74c
3%c
Riverside
15c
••
Jan
85c
4%
*
&
16 %c Mar
11 %c
3%c
Feb
5c
22 %c
Apr
87c
Jan
12 %c Mar
Jan
Feb
2.80
55
3%c
160
4c
—*
5
Oil
Pome
Homestead Oil
Apr
3.25
•'
68c
12c
52c
1.83
Jan
86%C
Jan
;
:
1,000
17c
1
——1
Consolidated Gold Mines
HoDinger
Mar
'
Pacific Oil & Refining—— —*
23
■
4%c
«
Pacalta Oils
% 7
,
1,000
-
-
.
•
3%c
1
9c
50
-
22%
1
Mines
Mascot Gold Mines
& Dauch Paper Co..
13
Jan
Jan
'
1
common..
53%
-
4%
*
—
Mines
Harker Gold Mines.—.
Jan
48%
0
Crush
3%c
100
Preferred
Harding Carpet
Rock Gold
1.89
5,475
70c
U
1
Preferred
52%
53%
■
Hard
*
*
50
■v./-
11,200 :
55
12c
5
Gold Mines
Ontario Loan & Debenture
Orange
Feb
15%
Jan
52c
—
Omega
86%
common—1
40,450
59 %C
Jan
9c
v
Jan
73c
1
u
Mines
1,000
1
13%
9c
•
——
Gold
86%
——*
_■
Theatres
Hamilton United
Feb
8c
500
51%
55
Oils
3c
——*
common
Cotton
Hamilton
Preferred
O'Brien
Okalta
:
Mar
2.25 ::>•
1
■
3c
1
———
Feb
5c
9c 10 %C
•
-
2.20
Jan
95
3%o Feb
54,500
10c
90
Feb
1.99 Mar
3,267
5%c
5%c
Jan
11%
18c 21 %c
20 %c
9Vz Mar
84
(93
•
18c
18c
,
Mar
74 %c
—
Preston
Feb
8%
30
93
•
Alabastine
Lime &
Gypsum
48c
15
8%
87%
*
—50
-1
1
—
Grull Wihksne
15% Mar
75c
*
8%
common
Apr
Jan
•
4,000
'
■
—
——
15%
33c ;>
11,420
78c
2.25
.
Oil
Star
North
Jan
25
8c
i
Norgold Mines
s—
Normetal Mining Corp Ltd
Northern Canada Mines
Jan
Jan
28%
'
Pickle-Crow
Feb
12
Feb
14%
•
—
Perron
4
8c
14%
1
—
—
Noranda Mines
Feb
7%c Mar
Jan
23%
750
45c
—-50
——~
1
vtc
—— *
•—
*
*
Preferred
3 %
Jan
—
Nurdon Oil
Jan
5%
Feb
V
8%c
S
Negus Mines
Nipissing Mines
3.90
4%c Jan
406
24
23%
Rubber Co com.
—
75
15%
—1
Paper com
Preferred vtc
4,500
3%
15%
Mines
1
Mining
1
Goodfish Mining Co.^————_1
Bousquet
6%C
3%
23%
•
...—-1
—1
——1
National Steel Car
Mar
9%
27%
27%
14%
25c
Corp
High
Low
725
500
11%
27%
•'K_
■.
•
32
Jan
3%
250
45%c
Gate
Graham
6c
6C
3%
Gold Eagle
Great Lakes
4
Apr
7
3.05 Apr
4
.Mar
9
Feb
27
90
-
2.00
15% Mar
8% Mar
6
31%
Jan
Jan
Jan
1.66
13
31%
31%
*
Preferred
■
3.05
3.05
1°°
100
Goldale Mine
Apr
9c
•
Gold Mines
God's Lake Mines Ltd
18
726
5,000
—
Petroleum
National
20
Range since January 1
Shares
High
11%
Co Ltd common-
Grocers
Preferred
Feb
5%
Jan
11
Jan
18
-*
Lake-Porcupine Gold
Goodyear Tire &
/
8%
20c 22 %c
21c
—*
Yellowknife Gold Mines
Golden
-v.,'--
5%
17%
17%
1
Glenora
Apr
32
-—25
—
Mar
31
Mar
163
Jan
■>155
8%
——•
1
National
23% Mar
75c
——
General Steel Wares
Giant
Jan
32
;
■
10%
common
Power
Gatineau
Gillies
13
—
—
5%
20
*
Falconbridge Nickel Mines
Fanny Farmer Candy Shops
Federal Grain class A common
Federal Kirkland MiningFleet Aircraft
Ford Co of Canada class A
Foundation Co
Francoeur Gold Mines
5%
13%
.
7%
*
Oil
Malartic Mines.-——
Steel Products
Eastern
163
—1
Crest
Eastern
Jan
107
32
20
Co
Jan
29%
162
13%
i
75c
& Chemical common—*
Dominion Woollens & Worsteds com-.*
Duquesne Mining
109%
2,792
21%
Stores
,
Apr
25% Mar
30
28
Tar
Preferred
Mar
42
33% Mar
105
40%
Jan
18c
Mar
12c
Jan
13%
—-50
2a
class B
Dominion Steel
5%
Feb
107
27%
Bank
Dominion Coal preferred —25
Dominion Foundries & Steel com
•
Dominion Scottish Invest common—1
Dominion
A
Apr
107
Dominion
Dominion
85c
Feb
26%
162
—.
•m;
36% Mar
*
---■
Preferred
;.
85C y
■
5 VB
*
•
-100
—-
—
.'85c
;
—*
common—
Davies
Petroleum
Distillers Corp—Seagrams common
Dairy Corp
36
36
..
Low
Par
«
Jan
134%
Jan
133% 134 %-
W
V; V.)
42% Mar
Jan
46
Aircraft
Cub
38 %
415
41%
41
4114
I
for Week
Range
of Prices
Sale Price
STOCKS—
High
Low
High
Low
Par
Range Since January
Shares
of Prices
Sale Price
STOCKS—
Last
.
.
for Week
Range
Last
Sales
Week's
Thursday
Sales
Week's
Thursday
1,500
20
33,100
314 Feb
2j.c
1.35
1.40
625
12
Apr
15c Jan
1.35 Feb
15c
9c
3'/2c
25c
10c
3%c
ino
14,000
670
15c Apr
8c Jan
1.85 Jan
Mar
Feb
Apr
J ''f
■
\i K
«;
•
Volume
'• -f »i'lM
159
'
.
Number 4271'*"
\ *
*
*
;
.
'
.
f
*
'*
{
i
) / 't
lv
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1479
OVER-THE-COUNTER MARKETS
Quotations for Thursday,
April 0
Investing Companies
Pa*
Aeronautical Securities
1
Holding
x3.45
Corp
10
American Business Shares
American
Foreign
1
Nat
A6%
3.80
Series
of
Tr
Fund
Boston
Series
Scries
X13.79
14.83
Series
K-l
Series
K-2
Bullock
Canadian
Ltd
14.89
25.80
12.63
•13.88
S-4
4^4
4.71
x9.43
'•3.65
1
Consol Investment Trust
Series
ACC
&
ACrum
&
•
Cumulative Trust Shares
"
D
Dividend
"2J!
25c
Shares
Howard—
&
Eaton
1.21
1.33
-
X20.90
J
x 12.56
31.76
x37
19.82
1.77
1.94
x5.39
6.01
10
9.66
X21.83
Fundamental Trust Shares A„2
4.72
B
3.65
*
..
General
1
General Investors Trust
Amer
Trust
ctfsZZZZ
shares
■■
1
vo'cn
ZZZZZZZZZZl
Automobile
6.52
5.81
Building shares
.
shares——
3.64
•
X90.39
2 %
x9.50
1
Sovereign Investors
1
6.05
Spencer Trask Fund
•
xl3.92
Fund, Inc
7.03
'
State St Investment Corp
Super Corp of Amer. AA
6.33
5.40
5.94
1
Trustee Stand Invest Shs— y
ASeries
C
6.10
6.71
Mining shares
4.91
5.41
Petroleum
5.84
6.43
Trustee Stand
3.59
3.96
RR
Equipment shares
3.92
4.10
4.48
Utility
shares
Holding Corp
Income
Foundation
1
Fund
•
1.41
1.54
5
•
20.99
22.57
2.19
2.47
10.06
11.02
Incorporated Investors
Independence Trust Shares
Aviation
shares
Bank Group
shares
of
Co
xl.04
'
'
,
Stock
Fund
100
Bid
Fund
& Pwr Shares A
o
6.76
17.81
ii
8.76
6.18
l
A Blair
&
AFirst
*
Boston
Co
19.47
'
16.17
1
389,,
101%
Fulton
38
40
49%
51%
.
Commercial National Bank &
Co
20
Trust
47
10
Empire Trust
50
National Bank
f
Panhandle Eastern
*''•
2%s
100
h h»t!
.
1
Akron Canton Si Youngstown—
4s series A
-1988
4%s series B—
L1988
74%
.
Bid
as
91%
90
93%'
—2019
66
68
.100
^10
75%
33%
103%
104;
San
109
109%
South
1973
102%
Carolina
Elec
&
Power
West
Texas
York
100%
107%
110%
&
112
Gas—
Power 3%s
Utah
100%
108
107%
1972
Southern Colo
103
107%
1972
Diego Gas & El 3%s—1970
3%s
100%
Ask
105
(New Hampshire)
3%s series A
,107%
104%
108%
1968
103
3%s
1968
104%
3%S—
1973
103
Lt
Corp. 4%s
Util
-—1958
104
103%
104%
103%
4
104%,
100%
15.
1944
-100
15, 1944
preferred
20
100
;12%
165
2018
1993
4%s
61
63
84
%%
100
1945
%%
100.17
100.19
1945
1%%
100.12
100.13
*Dec. 15, 1945
%%
99.27
99.28
_
51%
53%
x214
1947
35%
37%
1971
95%
62%
97%
*
1991
Pacific—
5%
2014
^
103%
105%
100.26
t%S Feb.
100.20
100.21
t0.90s Mar.
0.85s June
15,
80
&
Rio
100
Grande
St
Free
v
!
Paul
t
Optional
&
c_
v
t
—
Ste
35
.
82
18%
common
—
0.73%
0.77%
b0.81
0.79%
b0.82
1945
1,
1, 1945
0.70%
b0.75
b0.79
1945
0.80%
Ask
Bid
tl%
b0.90
1944——
Ask
100.9.
Apr
15. 1944
100
0.75%
Other
Issuet
48
1946-1944
100 i I
100 it
4s
1964-1944
101
101/(f
103 A
U S Conversion 3s__
1946
103.5«
U S Conversion 3s
1947
1955-1945
103
1955-1945
103
Jan.
1,
1956-1946
;
105%
Rates quoted
Panama
are
13,
27,
May
4.
May
11,
B'd
b0.37
b0 37
b0.37
b0.37
0.32 %
1944
June 8.1 1944—
June 15, 1944
b0.37
0.32%
June
22,
b0.37
0.32%
June
29,
0.32%
July 6, 1944
b0.37
b0.37
1944_.
19441944
—
1944—
132
.
b0.37
-—
104%
107
133%
Bills
May 25, 1944—
1944—
106%
tor discount at purchase
June
0.28%
'
April 20,
1961
Canal 3s
Ask
Treasury bills-
April
104%
104%
105,V
May 1, 1956-1946
h
ft
104
0.30%
1,
Ask
0.33%
0.33%
0.34^
0.34/r
b0.375 0.35%
bO.375 0.35%
1944
1944
44
45
21
42%
43%
11%
1%
12%
31%
32%
Liquidating dividend of one share of Standard
Adams Oil & Gas Co. common held, payable
delivery, f Flat price, k Removed to
Stock Exchange,
r Canadian market,
s Cash sale—not included in range for year,
x Ex-dividend,
y Ex-rights, tin default.
tThese bonds are subject to all Federal taxes. AQuotations not furnished
65%
66%
by sponsor or Issuer.
•No
M—
——
c
Pacific
Preferred
Sault
0.68%
b0.72
20
com
Preferred
0.57%
b0.70
Federal Land Bank Bonds—
April
17%
preferred
b0.60
Reconstruction Finance Corp—
100.7
BW
33
Common
5%
15.1945
Ask
Youngstown—
preferred
Western
4%s
100.2
100.25
United States Treasury
Bid
Common
Minn
64%
100.1
1,
Ask
100.11
b0.12
—-
t%s Oct.
-
Bank—
Federal Home Loan
if issued)
&
1, 1944——
t%s Aug. 1, 1944
t%S Sept. 1, 1944
1, 1944
t%S Dec. 1, 1944
Bid
Feb
tlVa%
6%
6%
1001.485
1,530
—
Bid
100.10
Obligations Of Governmental Agencies
98%
Canton
*%s May
100.1
Commodity Credit Corp—
224
40%
-
1%%
Indebtedness—
of
1%%
1946
.
94%
Stocks
Int. Rate
1948
1
%
1%%
1946
15,
32ds of a point
more
Certificates
100.13
Maris,
15.
or
15,
15%'
1,500
x38%
86
Saulte Ste M—
100.11
one
Maturity—
tSept.
—
:.175W
14%
—25
and
Ask
tMar 15,
May 18,
4%s
%
1
Bid
100.1
50%
United States Trust
r
%%
310%:. 318%
48%
Denver
income
mtge
1973
Puget Sound Pow & Lt—
4%s
:
t%s Mar.
Chicago Rock Island & Pacific—
103
1st 3-4s
Inc
50%
30%
(Indiana)—
Public Service
105%
Pipe Line—
1944
39%
Akron
88
101
Income
Western
37%
70 %
Ask
36%
Ask
Grande-
4s_—
106%
Int. Rate
15,
JSept.
Bl<^ ;r'
Public Nat'l Bank & Trust—17%
Title Guarantee & Trust——12
«
78%
1,595
100
National City Bank
New York Trust
49 %
50%
—1994
—
mtge
100%
106
Figures after decimal point represent
tDec
25
Conv
20%
48%
1,555
Trust
Morgan (J P) & Co Inc
Chicago Rock Island & Pacific¬
Gen
105%
105%
1953
,tMar 15,
Manufactures Trust Co com__20
19%
,
(When,
Bonds—
&
Public Service
(Minn)*—
debs
Reorganization Rails
income
486
Bid
100%
1974
3s
St Paul
'
35%
47%
Ask
103%
3%s series E
1973
3s
1st
471
30%
102%
1979
2%s
3s
Minn
28%
Public Service
3%s
3%s
4%s
45%
100
36"%
63%
Quotations For U. S. Treasury Notes
/.
•
Lawyers Trust
■
Exchange Bank & Trust_20
Rio
42%
Light 3%s—1973
3
•
j. '
Irving Trust
Kings County Trust
.
101%
income
96
u S Fidelity & Guaranty Co—2
U S Fire4
U S Guarantee
10
Westchester Fire
2.50
1973
-
Power,&
27%
.ii
•;
/•//'/ '•■
Guaranty Trust
52%
96%
&
60%
48%
125
17.77
2%
25%
Par
401
96V2
.
13.55
10
■
\
23%
50%
—100
& Trust
,vV
'
Chase National Bank
Conv
10
Travelers
1974
3%s
Northern States Power
16.20
10
Corp
Ask
22%"
10
Brooklyn Trust
y
Central Hanover Bank & Trust 20
Denver
119%
27%
1963
3%s.
Northern Indiana
22.32
8.01
B
3s
Lt
&
4%s
City Banks & Trust Cos,
Co.—10
Bankers Trust
ist 4s
25
75
1973
Pow
Iowa
81c
25.34
20.42
:■>
j..-'-
■.
Bank of New York
First
34%
29%
100V2
295
45%
25%
6%
I.75
>
'
&
285
10
10
X27%
71
investment Banking _■■■:
Corporations
V
Bank of the Manhattan
Bank
19%
19%
44
10
Power
6.42
x72c
24.57
B
25.60
Par
Trust
17%
Springfield Fire & Marine
Standard Accident
Florida Power & Light 3%s_1974
5.77
25c
-
v".;.-,,- /
New York
Corn
9%
com.
3s
JSept.
Continental
24%
5
Gas Light
Central
=±==
Bank
28%
22%
62%
8%
Fire
Sep
Chemical
26%
10
Jun
.
49%
17%
x41%
—6
Maturity—
■-
35%
4s/8
10
6
Bid
2.27
A
Wellington Fund—
1.15
23.55
America—10
•
x32%
—10
10
——
Ins.
15%
10
—
13%'
46%
14%
2
Providence-Washington
Reinsurance Corp (NY)
Republic
(Texas)Revere (Paul) Fire
St Paul Fire & Marine—
Seaboard Surety
Security New Haven
26%
5
Marine
American
Florida
C
U S El Lt
95c
86c
Insurance Group shares
Investment
Corp
12%
5
I.td—
Securities
Group
84
24%
preferred
Atlanta
2.15
1
Union Preferred Stock
f
;;
1
1
B
Series
Union
-10c
Institutional
Series
.
20c >32c
Inc
Common
49%
81
Blackstone Valley Gas & El—
Shares-
Trusteed Industry Shares
Bond Fund series
•
.
Oil
Union
4.93
4.47
/
A Huron
47%
10
—
5%
94
Recent Bond Issues
,
1
D
ASeries B—
4.52
4.06
ASeries
4.32
Steel shares
Tobacco
shares
10
Phoenix
Preferred Accident
5
6.70
X2.34
v
ASeries A
shares
Pacific Indemnity Co
61%
48%
152
5
Fire
86.81
8.74
5.75
Railroad
107%
14.82
X80.78
7.95
shares
102%
87
4.04
6.39
Merchandise shares
x89%
25
5%
.
10 36
Selected Income Shares
Machinery shares—
Price Shares
12.50
Pacific Fire
.5
92.21
Selected Amer Shares
5.31
•
-
7.63
shares
Northern
T2.50
;
Scudder, Stevens & Clark
9.44
6.94
Investing
Low
3.31
6.09
shares—
bond
1
23%
32%
57%
Hartford Steamboiler Inspect._10
Home
5
7.03
7.56
4.82
-
Administered
General
6.45
6.87
Equipment
Industrial
lOo
8.59
shares
Fully
6.39
Quarterly Inc Shares
Republic Invest Fund
'■
5.53
Chemical
Electrical
Food
14.63
13%
21%
41%
83
Hartford
6.21
10
Hanover
7.17
5.64
shares
shares
Aviation
43,61
48%
12%
29%
10
2nd
31
45%
5
North River
Northeastern
63%
Great
55c
28%
10
39%
5
Globe & Republic
Globe & Rutgers Fire
50c
1
—10
Fire-
18%
59 %
&
7%
27 %
46
10
Fire
25%
189
17%
45
Glens Falls Fire
York
.
,
44
10
146
2 27
10c
New
58%
6%
178
—2
New Hampshire Fire
10
Gibraltar
2
20
New Brunswick
21 %
20
General Reinsurance
/
2 70
Fund
__io
—
Franklin
3ri/b
•/"■
1
_
86
6%
55%
;_1Q
New Amsterdam Casualty
565
20%
Fire Assn of Phila
7.47
5%
25%
National Liberty
National Union Fire
81
8%
4Va
National Fire
X540
Fireman's Fd of San Fran
Firemen's of Newark
x2 05
Series 1956.,.
Series 1958_„
5.73
Federal
49%
5%
14
Fidelity & Deposit of Md
5.92
79
•
Plymouth Fund Inc
——
537
1953
Putnam (Geo)
shares
10.83
Series 1955
;
__
Group Securities—
Agricultural
q'Ps
k
North Amer Bond Trust
35.02
5.32
8.69
6.68
46%
22%
38%
5
Employees Group
Employers Reinsurance
10.81
5
4
59%
25
8.93
72
N Y—
12%
Fire
City of New York
6.39
Series
Shippers
68 %
—;
35%
7%
8%
8%
-12%
(Detroit)—10
Ins
56%*
6%
85%
42
1
Fire
Fire
Casualty
Connecticut General Life
y'qo
Mfrs
Monarch
National
Continental Casualty
6 07
&
16%
54%
100
Camden
Merch
11%
15 %
51%
2%
7.56
9 83
-
10%
Casualty
10
Boston
8.56
18%
Massachusetts Bonding
Merchant Fire Assur—
25
10.25
•
17%
—10
9.64
7 78
-
~_Z
—ZZZZZIZZZIZZZZZZ
_
North
;
5.46
,
-
Railroad equipment—
23.92
.
Bankers &
6.81
Maryland
12%
r
7%
6
22%
15%
13%
—10
10
Automobile
11.00
«iJ
Steel
,4.25
4.36
x31.57
•
Capital Corp
tool
I
Railroad
__
Trust Shares A—1
Fundamental Invest Inc
2
Foundation
oils
Surety
8.1?
Metals
xl8.40
Reserve
7.76
Fire
2%
6 87
Insurance stock
Machinery
-
38
American
American
7.31
>13.29
x20%
Casualty_5
932
equipment
39
Knickerbocker
Re-Insurance.
8 77
Electrical
13.48
29.54
Equitable Invest Corp <Mass)_6
Equity Corp $3 conv pfd
1
Fidelity Fund Inc
*
Financial Industrial Fund, Inc.
First Mutual Trust Fund
8
Fixed Trust Shares A
22.45
Jersey Insurance of N Y__ —20
74
5
Baltimore American
BaI* stock
Building supply
;
American
Inc—
Chemical
1
Fund
Stock
610
535
American Fidelity &
American of Newark
7.01
'
36
70%
*
7.67
6.64
ZZZI~ZIZZZZZZZZZ:
34%
Homestead
138% r
107/8
5.08
3.36
.^2.33
Aviation
.
Fund
Balanced
Automobile
10
83
__io
American Equitable
4.59
Agriculture—
;
__
Insur Co of North America
American Casualty
X6.98
_1
53
~io
;
Alliance.-
Ask
Bid
Pa*
50%
25
Life
American
.
Ask
130%
10
7.58
X2.96
Bid
10
Agricultural
jii*.,'
:
New York Stocks
Surety
1.37
7.01
,
common
series
'
19.39
3.65
l
New England Fund
.
17.94
---I
1.24
Preferred stock series
'
'
__
Par
3.60
series
Low priced bond series
Diversified Trustee SharesC
•
25c
Income
30
>
Aetna
Aetna
shares
Low priced stock
Bond
--
v4.68
1
Fund
Delaware
-
28
113
Aetna Casual &
11.57
Securities-
series B
voting shares
National Investors Corp
28%
100
preferred—
11.10
i National Security Series—
—
1181/2
10
shares
B
(Colo)
(Md)
% 26
100
10 32
xlO.58
,
1-953
4.85
22.57
1
10
Nation-Wide
-
Insurance—
Forster
ACommcn
A7%
Fund
'
2.67
common—10
Forster
preferred
A8%
Crum
mod—i
2d
Teletype NY
9.69
4.45
20 99
-
1
Mutual Invest Fund Inc
^
2.67
mod—
AA
Mass Investors
-
Bell
.
39.20
8.81
10c
Exchange Place, New York 5, N. Y.
DIgby 4-4950
92.30
38.12
40
Tel:
6.50
90 45
10c
Mass Investors Trust.
2.21
1
1
Accumulative series
Common
2.21
.
5.93
Maryland Fnnd Inc
-
40
k
2.38
1
—1
Series AA_.—:
'
.-
-5.10
38
'
1
Corporate Trust Shares
Series
4.59
.
Fund
Loomis Sayles Mut Fund
.♦
Loomis Sayles Sec Fund
10
Manhattan Bond Fund Inc—
10.20
Securities com—100 2,370
2,740
Preferred .v
100
.141;
145
,,
""
Knickerbocker
..
29.76.
'
Co.
&
10.39
Series
16 31
27.67
•
———Z_ZZ
23^47
18.20
1
10.97
21.42
x9 42
105.63
X3.05
Shaskan
Members New York Stock Exchange
Members New York Curb Exchange
-18.49
1948
__
S-3_
29.70
1
9 98
ZZIZZZ—16!85
Series
Christiana
Commonwealth Invest—
21.65
-
Series. S.2
16.93
1
Fund
30.82
xl9 72
_
Series S-l
_
X27.47
•
„
5y4
„
3.77
1
Fund
Inv
Chemical
41%;
5
Century Shares Trust
29.30
4'/2
3%
v
5
Ltd
Fund
1
101.40
Broad Street Invest Co Inc
12.77
27.97
x28 06
B-4
xl2.49
B-3
63/4
America
Inc
1
"
fi-2
15.12
5
10
Ask
■„*«.
B-l
1
preferred
Inv
Series
6
.
Bid
Keystone Custodian Funds—
3.40
.
1
Industry Shares
Bond
Investors Fund C__
xl3.94
Investing—■
ACommon
Basic
7.05
26%
2
Axe-Houghton Fund Inc
Bankers
Par
3.78
25%/':
Investing_10c
Stand Oil Shares
Assoc
For Quotations on Real Estate Bonds
Ask
6.49
lYt
Affiliated Fund Inc__
AAmerex
Bid
2
Oil
Co.
Feb.
1944
par value,
of
24.
Ohio
b0.37
—
a
Odd lot sales,
common
1944 to holders
stock
for
b Yield price,
each
of record Feb.
—
c
four shares of
11,
1944.
d Deferred
•
.,.
b0.375 0.35%
-ft
(
1480
Monday,, April 10, 1944
COMMERCIAL & FINANCIAL CHRONICLE
t
i1 t « ,
THE
'
.
.
■
.
-
Week Ended
BANE CLEARINGS
THE COURSE OF
for the week follows:
summary
Ending April 8
York
Chicago
,
City
Kansas
—,»-v-
—
Pittsburgh
—
+
Total
one
168,356,256'
+
0.1
142,231,859
+
10.4
cities
all
<
*
$7,018,643,249
1,676.243,314
1.587,455.158
+
+ 15,1
+
;
51,534,142
43.460,419
4,083,448
4,912,980
178,189
182.092
80,034,177
78,640,074
390,588,217
'
Federal
Reserve
1st
New
—i
12
Yor.k_.._
"
10
"
1943
$
6th Atlanta
"
"
"
7th Chicago
1-— 17
"
4
7
10
6
10
"
"
"
"
"
643,392,274
289,981,043
180,483,513
270,642,513
6th Richmond
Louis
8th St.
9th Minneapolis
City
10th Kansas
11th Dallas
-—
Francisco—
12th San
We
week ended
1944
$
'
°r-
186.000
335,668,629
+ 16.4
243,344,368
749,523
+ 51.5
963,820
543,426
4,874,259
+
4.0
3,839,018
3,732,413
+
6.0
3.019,351
2,434,409
3,609,170
1,960,721
■---
•-
2.4
2,576.364
—33.4
14,974,181
+
+
2.7
4.2
381,682
556.043
11.7
379,196,398
378,233.276
1,765,131
28.1
1,111,420
1,848.217
5,667,658
643,392,274
31.2
4,249,941,163
1,758,157
1,935.116
8.7
1,454,450
1,632,515
CO CO
480,544,094
476,946,567
+
10.8
122,700,000
109.600 000
+
5.6
48,018,919
46,023,152
—12.7
593,925,501
30,159,415
27.596.020
—
177,100,000
159.900,000
72,854,758
38,942,285
1,084,000
69,019,118
1,000,000
+
8.4
289,981,043
274,522,138
+
5.3
.
(4 Cities)
44,603.020
1.4
+
14.9
447,327,528
593,937,902
197,584,593
3,348.014
+ 16.0
2,902,353
2,833,679
113,709,157
"■■■■+
6.9
75,971,450
77.878,569
45,838,419
41,891,976
+
9.4
32,755,701
29,870,176
2,956,714
1,140,242
1,159,051
3,127.873
2,513,111
2,686,150
+~~8.3
Total
195,148,223
-
5.5
—
+12.4
1,021,044 '
+
13.5
998,809
965,133
4,001,174
3,668,279
+
9.1
3,313,222
3,265.956
180,483,513
...
167,780,424
+13.5
119,343,384
118,481,743
—21.6
.
(7 cities)
•
480,544,094
476,946,567
.
+
5.3
201,567,334
183,939,172
+
13.5
119,343,384
118,481,743
274,916,124
+
'437,086,940
9,415,152,701
4,319,503.562
1.6
187,782,384
89.934,264
10.6
337,245,350
.
■••V'
''
V».'-
6,716,459,877
3,323,120,031
6.3
+
3.825,742
$
Dec.
163,450
147,400
8.5
3,202.182
3,198,576
7.5
44,288,440
32,940,128
—
2,595,133
2,083,400
2,166,580
+
13.0
5,036,644
+
5.9
4,741,466
4,131,427
179,314,904
+
0.1
127,947,298
107,230.453
+
179,377,101
6,593,267
153,053
J.-.—
*
(10
j
;- j
5,448,573
'432,190
754,605
'Ji..
Pueblo
1941
125,429
161,532
40.1
2,447,271
Colorado—Colorado Springs
Total
+
—
5,332,452
St, Joseph
each city for the
$
77,525,590
Wichita
3,156,730,931
1942
%
4,178,636
71,741,379
1.
Kansas—Topeka
7,283,126,260
April 1
Inc. or
1943
190,908
Lincoln
277,326,292
Missouri—Kansas City..
.
191,586
1
Hastings
Omaha
+ 20.4
150,249
267,394
Nebraska—Fremont..
79,757,241
+
'■
•"
"
Tenth Federal Reserve District—Kansas City—
155,006,751
16.2
—
118,510.257
■
'
;;
+.
3,516,185
21.0
3,966,142
—64.6
610,630
75.3
617,844
591.434
1.6
187,782,384
155,006,751
+
+
530,586
-i
!
cities)
430,513
v.
274,916,124
270,642,513
$
668,837
763,156
998,636
5.3
—
Eleventh Federal Reserve District—Dallas—
3,734,759
335,580,154
313,432,981
295,454,465
809,615
—
783,233
805,686
412,156
—22.7
~
2,401,444
—10.7
-
3.4
Worcester
2,964.348
2,859,320
3.7
2,705,594
17,189,834
7.6
13,564,509
23.5
-2.853.424
2,356,627
96,248,176
+
13.8
70,356,974
62,904.504
*12.500.000
11,447,672
+
9.2
9.278,667
7,314.726
2.924,000
2,676,000
+
9.3
2.518,000
1,237,358
1,199,570
+
3.2
1,116.071
1,158,668
4,541,337
4,096,349
10.9
3,811,128
3,547,716
134,255,412
Fort Worth..,
V +
118,510.257
+16.2
89,934,264
79,757,241
5.6
65,292,363
2,842,490
3,508,717
Dallas
2.688,021
15,876,205
+
109,544,000
Texas—Austin
470,752
350,224
Springfield
Galveston
i
15,806,796
Connecticut—Hartford
5,559,909
Island—Providence
_
—
—19.0
6,870,610
17,911,400
__
+
19,239,700
Haven
Wichita Falls
13.561,000
14,799,8001
514,134
; " " Total, *6 Cities)
756,543
—32.0
605,481
718,660
434,301,301
—10.6
360,302,580
su
>
+
Oi.i'i)
OO
'
345,037,828
?. :H
•
•
'
.
■ ;
.
-
+/oiv
Reserve District—San FraneUon—
!,Yakjn)a—
/
87,^5,699
92,739,803
1.752.616
Washington—Seattle
Second Federal Reserve District—New York
'
1,881,975
71,421,403
;
76,785,896
27,352,000
7,739,749
Oregon—Portland—
24,328,136
+
1,472,504
1,488,662
64,135,446
56,400,000
Bingham ton
Buffalo
+
5,778,198 .j
354,103
3,393,339,846
4,126.395,329
9.5
10.847.837
11,185,379
2.4
5.438,758
5,188,538
6,751,869; —14.4
6,532,570
6,125,258
•
Jose
+ 32.3
.
—
—
Santa
■
l
5,820,054
„
v
Total
.J
'
H
>:•!
25,630,818
+
12.4
21,576,264
22,449,191
36,449,843
+ 20.1
32,028,465
27,903,612
5,276,039,329
3,529,151,988
+ 22.1
437,550
539,486
503,011
2,293,128
668,000,000
1,409,138
2,893,366
3,627,943
.
-v;'
1,384,914
1,445,095
1,508.419
2,021,289
3,275,000
3,585,200
693,174,968
—
—
+
1
Cincinnati
683,754,489
2,221,796
2.511,713
+
1.6
508.000,000
576,000,000
+
0.7
1,372,995
,
Columbus..
4.2
(V
.£• :
1,092,673
Mansfield..
Tounestown..
isylvanla—Pittsburgh
3,469,072
+
28.3
1,161.296
1.626,518
4.4
2,253,203
2,621,540
1,203,927
3,583,436
W
—
3.2"4.927
—
437,086,940
9,415,152,701
4,319,503,562
+
10.6
'
r
'
+20.4
+ 6.3
337,245,350
277.326,292
6.716.459,877
7.287,126.260
3,323,120,031
,
3,156,730,931
.
5,566,200
1.4
522,332,010
593,937,902
3,536,066
*+10.2
3,279,722
3,105,387
+ 21.2
81,019,236
70,559,653
10.6
159,122,702
135.525,305
+ 22.8
13,048,400
14.220,900
2,553,099
2,234,658
+
8.7
V* l-P
3,895,008
Bankers
Association
99,809,011
206,424,296
12,579,500
2.023,604
2,274,018
—11.0,
3,274,817
3,853,1.95
—15.0
3,768,988
270,876,004
232,707,217
+16.4
184,535,381
+
561,183,303
+14.9
447,327,528
returns be discontinued on Dec.
not
r
correctly reflect
discontinued
3,486,041
3.
3
'.!•+
I.;..
,1:.
!■
!
;
■
as
issue of Jan. 17, 1944, page
was
given
that
Canadian
clearings
31, 1943, in view of the fact
some
time that the figures did
business activity, for the reason that
intra-bank items do not pass
158,966,164
388,098,108
our
direction
that it had been obvious for
15,441.300
644,684,299
Bank Clearing were
As noted in
250, at the last Annual General Meeting of the
1,984,759
3,660,900
—
t',
(7 cities)..
-
of Dec. 31, 1943.
1,315,661
.
1,524,837
120,938,430
—
11.9
483,341,662
Note—Canadian
1,884,732
2,525,893
2,950,034
t—20.2
—
—25.4
228,235,136
Cleveland
+
488,072
—14.6
Fourth Federal Reserve District—Cleveland-
Ohio—Canton
3,569,443
1,053,978
531,739
476,378
1,419,615
{10 cities)....
3,506,298
153,314,000
606,894
2.0
56.8
,393,307
1,958,285
_
Jersey—Trenton
3.491,752
183,122,176
4,249,941,163
679,000,000
—
;
1."..
1"™
7.5
19.3
11,332.549,599
Outside New York
+ 31.2
'
+
■:
...
Grand Total (111 cities).
788,737
;
+
611,631
466,456
Chester
Wilkes-Barre
4.057,960
5,745.889
7.8
—
16,885,283
+
4,593,019,2G5
400,992
480,182
:
Reading
J
-Philadelphia—
Pennsylvania— Altoona_„___
Philadelphia...
.
,
2.8
6,924,041,090
Lancaster
.
(10 cities)
+
♦Estimated.
Third Federal Reserve District-
19,346,132
3.761,915
1,544.940
43,792,557
New Jersey
(12 cities)
12.4
225,784,715
3,427,544
„-s
344,524
-
Newark..
+ 42,741,374
3,993,161
28,799,637
Jersey—Montclair
52,107,567
269,325.000
Barbara
Stockton
8,391.798
+
1,379,788
1,255,900
6.9
—
4,045,466
Pasadena
1.057,740
11,367,693:.
5,975,410
...
Francisco
San
902,733
5,095,649,139
Syracuse
Pan
965,309
6.4
6,739,530,334
Connecticut—Stamford
1,423,916
37,200,000
14.3
1,008,830
10.288.956
1.491,027
44,900,000
+
1,063,693
1,073,313
!
1.1
13.7
—
+
1,215,651
Jamestown
.
UtabrrSalt Lake City
California—Long Beach
599,875
Elmira
Rochester
10,105,898
10,728,187
47,928.604
•;
6.9
—
1
—35.9
33,759,000
21,624,981
York—Albany.
2,475,000
blq
'TwelftWFederal
(12 cities)
~
...
Loulsiaiiaj-^tShreveport
6,227,440
5,382,683
6.9
—
388,487,938
Hampshire—Manchester
T3tal
982,082
888.738
-
1,014,081
219,505,270
820,578
Per
183,939,172
3,882,801
....
Helena
4,081,030
Total
720,000
201,567,334
121,505,112
Montana—Billings
1,022,596
Hew
689,000
•
District—Minneapolis—
388,098,108
+
3,529,151,988
522,332,010
+
4,160,884
...
5,021,303
7.0
11.1
h
1,959,388
i.
4,698,138
+
+
2.168,668
1,789,732
—
5,296,578
2,408,746
South Dakota—Aberdeen
+ 21.0
York
4,969,375
+
Dakota—Fargo
North
—12.2
Scranton.
+
12,788.911
+
—
Paul
St.
1,020,615
Bethlehem
1,514,742
+
505,617
(17 cities)
TOoal
4,554,680
Total
1,629,871
14,630,018
5,366,952
1,377,794
—
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
345,037,828
243,344,368
318,467
Northern
—-
Eighth Federal Reserve District—St. Loafs-
1,234,579
New
25,554,117
29.436,450
-
29.9
7,487,928
5,720.567
5,851,754
,
7.2
+24,2
2,644,879
•
458,916,652
Missouri—St. Louis
782,298
York
t
2,696,097
25.277.000
—
-
4-
2,278,570
-.
2,118,124
484,223
Springfield
—24.8
Bedford
New
■'
2,386,478
7,683,493
Peoria
4,000,142
Hew
) +'■■;?)
23,145,000
+
10,858.860
-'
—
;
'
•
4.0
—
42,636.393
—:
Decatur
4,141,498
River
Total
CI 219,505,270
512,591,993
Rockford
375.777,893
Lowell
New
,
—12.6
19,444,965
City^jJ—.
Total
('•
7,228,233
-
Chicago
3,113,096
—
Massachusetts—Boston
Rhode
+
2,870,413
Illinois—Bloomington
$
-+
+16.4
633,206
Portland
New
—
District—Boston—
Maine—Bangor
New
2,263.127
3,439,114
•v
52,429,298
3,696,181
;•
Moinesji—
Des
Sioux
360,302,580
+ 12.4
$
First Federal Reserve
Fall
18.6
50,085,419
39,238,692
'
Iowa—Cedar Rapids^..———
1941
1942
statement showing the figures for
April 1, for four years:
;
at—
+
—16.9
30,666,000
'
Haute u~+2—
Terre
—10.6
Week Ended
Clearings
..
Minneapolis
add our detailed
now
26.243,311
'
1.8
2,755,029
Bend
South
167,780,424
4,593,019,265
33,562,684
■
169,636
26,799,000
Wisconsin—Milwaukee.—.—
274,522,138
11,332,549,599
York City
1,444.825
1,430.701
25,711,000
2.479.877
■i
21.6
2,1
*3.200.000
,
Ninth Federal Reserve
593.925.501
•
.1.512,788
25,857,000
4.5
+
5,067.615
Minnesota—Duluth
335,668,629
;
81,500,000
1,131,912
i
Indianapolis
<
257,464,266
.
134.255,412
483,341,682
Ill cities
Total
Outside New
Districts:
Inc. or
5,276,039,329
683,754,489
561,183,303
644,684,299
289,476,650
390,588,217
-
-
4th Cleveland
22,934,854
96,400,000
■
Dec.
434,301,301.'
693,174,968
T
6
10
Philadelphia
3d
;
24,659,021
District—Chicago-
Seventh Federal Reserve
OF BANK CLEARINGS
388.487,938
6.924,041,090
12 cities
Boston
2d
,
by Federal Reserve
1944
$
Districts
Week Ending April 1—
'
5,362,156
1.4
+
—
—U
Michigan—Ann Arbor
Grand Rapids__—
Lansing
1—
further below,
however, which we present
a summary
SUMMARY
-r
■
5,178.829
76.14
—15.2
43,754.915
5.6
+ 13.4
$8,606,098,405'
$9,757,463,483
+
furnish
",cyr
11.3
final and complete results for the week previous—the week
ended April. 1. For that week there was an increase of 20.4%, the aggregate of
clearings for the whole country having amounted to $11,332,549,599, against $9,415,152 701 in the same week in 1943.
Outside of this city there was an increase of
6 3%, the bank clearings at this center having recorded an increase of 32.3%.
We
group the cities according to the Federal Reserve Districts in which they are located
and from this it appears that in the New York District (including this city) the totals
are larger by 31.2%
and in the Philadelphia Reserve District by 1.9%, but in the
Boston Reserve District the totals are smaller by 10.6%.
In the Cleveland Reserve
District the totals show an improvement of
14.9%, in the Richmond Reserve
District by 12.4%, and in the Atlanta Reserve District by 16.4%.
In the Chicago,
Reserve District the totals register a gain of 8.3%, in the St. Louis Reserve District
of 5.3%, and in the Minneapolis Reserve District of 13.5%.
In the Kansas City Re¬
serve District the totals record a decrease of 1.6%, but in the Dallas Reserve District
the totals show an increase of 16.2%, and in the San Francisco Reserve District of
In the following we
;'!:
36.2
able to give the
10.6%.
•
k
(10 cities)..
Total
——-
detailed statement,
the elaborate
■
+ 28.3
1,839,070
1,559,077
53,198.908
Mississippi—Vicksburg-.._j
Louisiana—New Orleans
details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them; today, in as much as the week
ends Saturday and the Saturday figures are not'available at time of going to, press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In
195,148,223
—
2,164,663
:—_—:—
Mobile..
Complete and exact
are
38,332,923
,T37,584,593
+
37,866,126
116,600,000
Indiana—Fort Wayne
we
*1.650,000
104,923,055
36,183,433
+
6,248,290
11,006,907
37,327,103
Alabama—Birmingham
+
$5,936,713,744
1,081.929.505'
——
for week
1,898,745
97,925,337
0.2
2.8
—
—16.5
108,031,281
90,345,699
—
day
4.913.000
44,425,211
+12.4
149.600,000
u
Florida—Jacksonville
12.1
$6,607,289,559
1,473,930,010
cities,
cities,
257,464,266
—_
Macon
23.9
157,032.867
Total all cities, five days
All
6,020,000
54,612,532
+ 17.5
2,202,725
2,066.266
+
$8,031,219,569
five day'Sw—
Other cities, five days—„
35,182,722
289,476,650
Nashville
1.6
120,000,000
Baltitaore_J-+*.-r--~~------—
Ten
35,246,563
(6 cities).
Georgia—Atlanta—
7.6
172,033,000
——r-
—»—
—
—
145,408,589
168,423,587
—r-~—-
Cleveland
146,560,176
—12.5
288.667,517
134,500.000
--
—
-
472,000,000
213,086,000
-—
Francisco
San
413,000.000
144.355,659
.?-+-
LouiS'
St.
73,157,188
2,141,551
«
904,034
944,545
5.1
+ 10.1
—
172,217,865
—
Carolina—Charleston
Tennessee—Knoxville
—13.2
284.089,890
i
,
—----i
,1941
,
v,
..
O:
+ 18.4
$3,968,474,041
351,511,191
$4,697,423,107
vLLi*
Boston
*
*2.4
f*
5,886,000
06,472,047
Maryland—Baltimore
District of Columbia—Washington—
Total
1,160,596-
1,126,483
5,587,000
r_
Richmond
8outh
%
1943
305.011,750
,
—
Philadelphia
1942
f "
"
1-
Dec. %
Sixth Federal Reserve District—Atlanta—
1944
Week
New
.
-
Telegraph
Clearings—Returns by
Virginia—Huntington
Virginia—Norfolk
West
Our comparative
of 18.4%.
April 1
Inc.pjv
.
FirtfoFederal Reserve District—Richmond—
increase compared with a year ago.
week ended Friday
'
:i'
increase for the
center there is an
;
$
t
Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country
indicate that for the week ended Saturday, April 8, clearings for all
ofZStates from which it is possible to obtain weekly clearings will
Untied
be 13.4% above those for the corresponding week last year.
Our preliminary, total
stands at $9,757,463,483, against $3,606,098,405 lor the same week in 1943.
At this
this week will show an
Bank clearings
1943
1944
through the clearing houses.
(
,
i
N
i
Volume
t. 4
159
Number 4271
THE COMMERCIAL & FINANCIAL CHRONICLE
1481
i
:
Redemption Galls and Sinking Fund
*
Name of Company
Wireless
&
5 V2 %
Below will be found
and
including
list of corporate
a
stocks
those
called
which the details
bonds, notes,
redemption,
for
under sinking fund
provisions.
redemption or last date for mak¬
The date indicates the
ing tenders, and the
called
page number
were
gives the location in
given in the "Chronicle."
Company and Issue—
Affiliated
Fund,
1949-1950
Alabama Great
Inc.;
v
Date
4%
convertible
_—
May
due
5%
5 J/2 5
1
6 '/2 %
serial
bonds_
Pacific Ry., 5%
Ohio
&
929
Apr 28
1346
___May
1
1347
May
1
836
1
1348
collat. trust bonds due l954__Jun
5 V2 5
gold
debenture
■...$7
dividend
$6
;$5
due
1949
preferred
stock
dividend
preferred
stock
dividend
preferred
stock__
1349
tlOc
Pictures
Laundries
Royalty
Hudson
River
1st & ref. mtge.
bonds, series C, due 1956___
1st & ref. mtge. bonds, series
A, due 1953
Litchfield & Madison Ry., 1st mtge. 5s, due 1959
1146
1250
936
1
8
1148
1st
4%
mtge.
serial
Minneapolis & St. Louis Ry., 4%
Oil
4;
New
York Dock Co. convertible 5%
V
3%%
bonds,
1st
1
2nd
preferred
dividend
One Park
preferred
debentures due
Pub.
Serv.
45
due
due
'•;/.//•:•; 4-.;\ ■";
May
6
Jose Water
1389
1
1389
1389
mtge. 4'/25
!__•
gen.
Works, 1st mtge. 3%%
14
14
bondfc:-'series
^2______
1
1290
1
Jun
1290
Apr 30
1390
May
1
1391
debentures due 1956
May 1
Co., Inc., 55 conv. debs, due 1950—Apr 24
Inc., first preferred stock
;
Jun
1
1391
(Calif.), 3V25
Pictures
Raalte
Co.,
"Announcement in
this
1291
682
which
Then
we
follow with
show the dividends
we
second
a
table in
previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in
many cases are given
under the companv name in our i'G^nerql Corporation
and
Investment News
Department" in the week when
this week are:
Name of
Company
share
Equipment (quar.)_
American Asphalt Roof, com. (initial
65
Can
American
Cities
conv.
(quar.)
Power &
class
optional dividend
share of class B stock or cash
jl2
(quar.)—
(interim)
Co.
Libby McNeil
Libby (increased
Loomis-Rayles Mutual Fund (quar.)^
Loomis-Sayles Second Fund (irregular)
Lyon Metal Products—
preferred
preferred
Marquette
Cement
75
Mfg.,
65
Trust
pfd.
National
York
RR.
L^an
&
Co.
Post
Fence,
6%
prior pfd.
(quar.)__
Anglo-Canadian
Oil, Ltd. (Interim)
Appalachian Elec. Power. 4'/25 pfd.
Arkansas Fuel Oil, 6%
Arlington Mills
(quar.)
Atlas
Acceptance Corp., 55Powder Co., 5%
conv.
6%
pfd.
pfd.
(accum.)
__
American
3-23
,4-15
4-
4-
1
1
1
$1.50
4-
1
3-27
31V2C
$1.50
162'/2c
16c
__
____
•«1
15c
4-
1
4-15
'5-
3-24
4-11
t
4-18
5-20
4-28
4-
3-27
1
5-15
5-
1
Co.—•
Furnaep
deposit
(bearer)
Bullock's Inc.
rets,
for
5%
Pinchin.
Pittsburgh
75
(quar.)_
American
Fidelity
6-1
6-15
American
4-20
American
Furniture
30C
.% 3-31
1.91
American
.4-15
8
4-18
4-15
3-31
3-31
5-
1
4-15
$1.75
4-
1
3-20
4-
1
3-90
A-19
4-14
$1.50
4-
l
3-31
6-
3
5-15
5-
1
4-17
5-
1
4-17
5-
1
4-14
$1.25
5-. 1
4-14
15c
4-15
4-
i__b
3-15
4-14
4-15
12 1/lOc
50c
5-
12'Ac
4-29
4-
$1.25
6-
1
5-16
15c
5-
(quar.)__
1
1
4-20
8
5-
1
4-20
75c
5-15
/-Of)
75c
4-15
2-31
Wire &
Oil
Corp.
(s-a)_
,
Associated
Electric
Ordinary
Associated
(registered)
Tel.
&
7
4-22
4-1.5
$2.50
4_m
4-
Coast
Atlantic
Coast
Line
—
(s-a)
Atlantic
Rayon Corp., $2.50 pr!or pfd. (quar.)
Atlantic
Refining Co.. 45
Attleboro
Light
Common
pfd. (quar.)
.1
Increased
Bathurst
&
&
Biltmore
Canada
Hpdeps.
& Saco
—_
$2
Co.
conv.
Bank
pfd.
(auar.)
(irregular):.
4-11
11c
—
5-10
4-0<S
4-25
4-15
$1.12
5-
1
4-00
Rc
5-
1
4-15
5c
pieferred
(quar.)_
Scares
common
Ami
Class
Edison
Pe^onal Property Trust
n^eferrpd
Peoi'hlic
Co.
Mines,
RhMm
6^
Extra
5-
1
4-20
5-
1
4-90
Brandon
Corp.. class A
(N.
Y.)
Rolland
Paper Co.,
preferred
Ltd.,
common
10 & 25c Stores
Saguenay Power, 5V25
.
4-15
Brewers
5-
1
4-10
Extra
5-
1
4-10
5-
I
4-20
4-15
4-
4-15
4-
7
5-15 '
5-
.5
6-
1
5-15
Bronx
5-
1
4-20
Brooklyn
+$1 50
(increased quar.)_
25c
-
7
&
preferred
(quar.)—_ $$1.37»/a
4-
6
3-31
Sangamo Company, Ltd. (irregular)—*,
5-
1
4-12
Schaffer Stores,
preferred (accum.)
1
25c
$1.75—
5-
1
4-17
Distillers
of
Vancouver,
(quar.)
Ltd
Bridgeport Hydraulic (increased ouar.)_____
British Columbia Power,
British
class A
(reduced)—
Telephone—
65 2nd preferred (quar.)
Brompton Pulp & Paper
Butler
4-
6
4-
4
55
4-
5
3-30
Byers
4-
4-15
3-31
1$1.37V2
5-
1
4-
5-
1
4-15
6-
1
5-15
7-
1
5
3
1
6-15
4-29
a-15
4-10
3-31
75c
12 '/2c
1
4-21
4-21
4-15
5-
X25c
50c
4-15
4-
5
1
4-28
4-15
3-23
65-
1
4-14
$1
6-30
6-30
*1
4-20
4-10
4-15
3-31
4-10
3-13
4-25
4-15
4-19
4-
4-29
4-25
4-29
4-2.5
5-
4
1
4-10
16c
4-20
3-31
4-15
3-20.
4-15
3-20
6-30
6-23
$325c
4-15
3-20
t50c
5-20
4-20
5-20
4-20
35c
4-15
3-31
140c
4-15
3-31
Columbia
County Trust
Burkhart
$1.25
75
4-10
115c
(quar.)__
(quar.).
1
4-25
25c
Rochester American Insurance (quar.)
5-
Brantford Cordage Co., Ltd., $1.30 pfd.
15c
(quar.)
4-22
5-
$1.50
(accum.)
31 'AC
pfd. (quar.)_
(auar )
Insurance
5-1
tlOc
-
37'Ac
Manufacturing Co., 55
nrpfprred
Pichmond
7
4-24
$1
50c
(quar.)
(quar.)
75C
Gas
621/2c
4-
t20c
(quar.)
Ltd.
25c
(ouar.)
Natural
5-10
5
3-25
■
110c
Bralorne
5C
.«3
4-17
$1
_____
Bodon
25C
T—
25c
5-
4-10
62V2c
class A (quar.)
(nuar.)
Boston
25c
(quar.)
Co..
B
4-15
1
15c
Boeing Airplane Co
Bon
1
6-
225c
Bloomingdale Brothers, Inc
1
3-21
5-
$1
4-11
4-
4-13
31'/4C
t!5c
(quar.)___
(quar.)___
(quar.)
9-15
1
4-15
3-30
t$2
(Bklyn.)
1
5-
4-15
5-15
50c
(quar.)___
(quar.)
Water Co.
Ltd.
Hats
Blaw-Knox
(quar.)__
class A
Paper,
of
1
4-15
5-15
4-10
—
semi-annually--
Power
Telephone
5-
50c
4-11
?5c
(Detroit, Mich.)
in-
$1.75
6
4-10
1
125c
Co.___——
75c
(irregular)
15c
7c
$1.50
—_
.<:4.50
(quar.)—
Mills, common—_
(s-a)
Co.
4-
4-15
*2
A
Common
5
4-10
4-17
5-
7c
pfd.
(quar.)__.
Proprietary, 5V25
B'ddeford
5-18
755
6-24
7c
Gas
Bensonhurst Nat'l.
4-
6-24!
6
RR.—
preferred
non-cum.
Benson
4-14
1
7-
$2.50
Fisheries
Pell
5-
7- 6
25c
Atlantic
1
4.90
50c
(quar.)
Fe___*.
Rubber
3
$1.25
$1.50
pfd.
$1.25
Santa
Trust Co.
4-20
3-15
—
(annual)
.
Co., Ltd.,
Topeka
Bankers
4.
4-15
10 5
Industries. Ltd
Baldwin
4-
3-31
$2.25
3-31
10c
7
1
4-15
3-31
■<
15c
7
4-15
—
Equipment Corp
4-
d-14
4-15
75c
Extra
3-25
5-
4-1.5
15c
4-
15c
7
(quar.)—
4-15
25c
4-
25c
pfd.
4.-1 5
31'Ac
.
4-29
$2.25
common..
5'/2%
JSC
I
1
5
12V2c
;•
Cable__
Tel.,
10c
4-
1
6-
5-
Smelting Co.—
Babcock & Wilcox (irregular)
Backstay Welt Co
Badger Paper Mills, 65 preferred
31'Ac
B (quar.)__—__
RR.
&
Hocking Glass,
Avondale
P-Vf)
3-28
6-
1
7- 1
5-31
,
$1.25
preferred (quar.)—
65
Raymond Concrete Pile,
Anaconda
Ault & Wiborsr
1
7-
82/lOOc
683/4C
(quar.)
$5 conv. prior preferred (quar.)____
Amdskeag Co.. common (s-a)
„
$4'/2 preferred (s-a)—
4-1.5
1
3-31
$1.75
(quar.)
Zinc Lead
4-11
4-
4-21
50c
Telephone & Telegraph Co. (quar.)
5-
4-
3-15-
5-15
4-20
20c
L__27
com.___
American
4-20
$1
(initial)
common
4-15
50c
American
4-13
10c
3
5
J5c
Utility Corp., com. (irreg.)
(quar.)
;_!J_
Co.
(Abilene, Kan.)—
preferred
1
75c
(ouar.)__
Pronnetary Mines
Income
States
4-15
1
4-
4-
Telephone
4-29
•50c
4-15
4-15
$l,121/a
pfd. (quar.)
preferred
$5
(irregular)___—
Lake Erie
American
American
5 5
1
'
$1.50
.—
(ouar.)
(f'nal)
&
Co.,
3-31
25c
_______
Athey Truss Wlieel__
i
8-25'.
$1.25
(quar.)
(participating)
& Refining Co.,
preferred
1st
Atchison
1-
Co
Co.
preferred
Smelting
Argo
1
5-25
11-25 '
1-
3-31:
4-13"
5-
5-
12-
4-14*
4-20
9_*>1
1
$1.75
3-15
1
9-
5-
1
4-20
56 V2c
6-
$1.75
20c
1
1
$1.75
4-15
preferred
Anchor
4- 5
4-10
American
5%
;
'
25c
non-cum.
5'/a5
4-15
<4-15
Products Corp. (monthly)__
Maize Products. common_*_______
President Lines—
American
$3
3-20
$1.75
6-
50C
_'
Hampshire (quar.)—_
Mfg.
Purolator Products,
Casualty Co.
4
3-20
Co.,, 75 pfd. (quar.l___
5-
$1 75
i__
A
55
Aro
pfd. (quar.)_i._
(Colo.)4-
(auar.)
E.)
&
4-
4-10
4-20
40c
4-15
15c
1
5-
4-15
5
4-15"
(quar.)__
Anglo-Canadian
25c
<-:—
5
4-15
25c
Home
4-15
4-15
$1.25
Fruit Growers..
5-«.J.
i
53kC
pfd.
4-15
L
Co.
Pri'fpteer MinoS. Ltd.
Quarterly
1
50c
Bessemer
(G.
5-
Service
Co.
preferred
Prpntice
4-28
American
Bottling (reduced)______
Potomac Edison Co..
Manufacturing Corp._____
Telegraph (N. J.)— .
(quar.)________
American Envelope, 7% pfd. A
(quar.)
,...75 preferred <quar.)_
75 preferred (quar.)
5-26
'
1
4-29
25c
preferred
5-19,
c
5-
$1.06>4
(quar.)__
Central
5-1.9
5;
4-
District
5%
6-
•
1
75c
(quar.)
5-
&
Johnson &
American
American
6-
50c
(irregular)
3-31
preferred
(interim)
(Los Ang.), 5%
6
Insurance
$1 75
preferred
60c convertible preferred
Rose's 5,
4-
$4.50
Alliance
R
4-10
5-
12'/2c
Extra
Seal-Kap Corp.
preferred (quar.).__
SudpIv Co., common——
60c convertible preferred A (auar.)
65
24%C
—
Airlines,
American
Rolling Mill Co.,4J/25
Safety Razor
Extra
deposit rets, for ordinary regis¬
(interim)
American
4.11
preferred (quar.)_
(quar.)
Tobacco
5-
4-20
(quar.)
Braniff Airways Inc.
5-15
.
F- .l
'3-31
.
,!
4-17
4-21
1
Yards .(quar.)
British-American
5- T
5-
National Assn. (quar.)—
Corp., 5% preferred (quar.)
Stock
4-17
$1.25
Bank of California
Blue Ribbon
?-01
(quar.)____
Badger Paint & Hardware Stores (quar.)____
Boston Fund, Inc.
$1.25
4-21
1
1
.5-, 1,.
$1.12 W,.:.
15c
$1,
Atlas
Axton Fisher Tobacco,
$1.25
1
4-
5-
$1.5Q
15 c
(quar.)
preferred (quar.)
5•
American
3-25'
6-24
3-31
4-15
5c
4-15
American
Parker-Young Co., 55
Pavne
(quar.)
preferred
7-
50c
4-10
60c
1
Amalgamated. Sugar, 55
Petroleum Corp.
Amerada
2V2C
1
tS1.25
•
pfd. (quar.)__
preferred (quar.)__
4-
f
Discount
Coca-Cola
Pepsi-Cola
50c
5-
Gas______^^*__
American
Philadelohia & Trenton RR. Co. (quar.)
Piedmont & Northern Ry. (quar.)
$1.75
preferred
3-15
Oil-&
4-10
Company (irregular)
Lighting Corn, (ouai.)—
Panama
4-20
3-31
$1.50
f--
'
A
(Phila.)
Paper
4-15
Aluminum Co. of Canada, 55
75c
—„
Engineering Co.
Waxed
5-
:(i 7%
4-20
(quar.)—_
tered
New
of
4-15
4-16
—
rr_
Serips
Tnjpt Co.
4-30
3-15
1_„
Merchandise
Northern
1
Airplane Mfg. & Supply__
5c
Alabama Power !Co., $5 preferred (quar.)___
$1.25
Allied Btores, common
(quar,25c
4-25
(quar.)
Cd—
Negus Mines, Ltd
Newberry (J. J.), 55
New
1
4-
All-Penn
50c
5-15
(Chicago) (quar.)
Corp., common (quar.)
preferred (quar.)
Bourbon
oi Rec
series
Viscose
55
Securities
Battery
4-
4-15
(irregular).
^
3-22
quar.)__
Co.'fbuaf.T
certificates
4-15
25c
preference
<4-20
(accum.)
Narragonsett Electric, 45
Natlon-Wide
3
(quar.).—-^—^-.—25c
Reduction
Extra
<
\
conv.
3-31
$1 75
common
(ouar.)
&
3-
non-cum.
4-29
75c
(ouar.)_
(John)
3-31
4-17
Investors Inc.—
$2
3-24
$1.50
Calculating Machine—
Morrell
4-15
30c
Air
Air
50c
1st pfd. (quar.)
(quar.)____
Corp.',
preferred
3-23
5-15
15c
Maytag Co., $3 preferred
preferred
4-10
3c
Corp.
(quar.)____________________
American
May Department Stores
preferred
4-14
25c
Fund
American
Petroleum
Shoe
1
3-31
(quar.).,
MacMillan
1st
'5-
3-31
(quar.)
Mabbett (George) & Sons, 75
$6
4-1
4-15
25c
4-10
20c
Pearson Co., 55 preferred A.
Pennsylvania Gas Co. (quar.)
Motorists Insur.
3-181'
1'
of Rec.
4-25
4-
;■
3-31
American
3-18
Holders
75c
4-1
375
3-31
American
7%
1
When
Payable
"
Inc.
4-15
(irregular).V
4.15
Dairies,
3-18
Per
(quar.)__
4-15
4-1.5
(ouar.
the
$1
25c
h
in
given
share
preferred
35c
;
3-28
Companies
,.
.'44 10c
i
■
Superior & Ishpeming RR.
2nd
45
75c
:.' 4
4-15
1
1
$1.25
15c
-
.
5-15
3-28
3-31
these being
Name of Company
j
Abbott Laboratories,
Abraham & Straus,
10C
4;
-
S-3
partic.
Miscellaneous
+2c
V'
:
3-31
5-
4-
.
1
3-31
previoui
The list does not include divi¬
i<
30c
,4,
—
4-15
75c
4-15
20c
3-20
American
Anchor
Holders
Light Corp.—
A
4-20
4-16
$1.75
$1.50
.__v_
1
1
$1.75
Kobacker Stores, Inc
75
;/
,
15.C
iquar.)_
75c
(quar.) 2
Co.
4-18
5-
4-
6-
20c
and
,
$2
(quar.)
1
20c
1
,•
25c s
50c
preferred
quar.)
Extra
American
$3
4-
4.99
4-
4-15
_
week,
Industrial
■
4
4-29
$1.50
Keystone Custodian Funds, series B-2 (s-a) i
Outlet
Payable
2V2C
4-
5-17
$1,125 '
Kirby Petroleum (irregular)
Pacific
&
4-10
4-15
4-14.
25C
;.
:
this
Affiliated
■
Johnson Ranch Royalty Co. (s-a)___
Kahler Corporation (quar.)___
6 %
announced
3-27
4-29
5-
1
give the dividends announced in
we
3-31
Knitting Mills, common (quar,)_„_
preferred (quar.)__—_______________.
Ohio
Industrial and Miscellaneous
Companies
Allen Electric
4-25'
4-15
5-
5-
4-10
12 5c
Ohio
When
4-25
5-
4-20
3-22
15c
oreceding table.
2r29
A-
Northwest
Per
.
-
9-25
R.)
Below
<>
12-23
Northern
declared.
The dividends announced
8
1
1
$1.50
dends
4-
54-
$1,25
(quar.)
1
8
50c
(quar.)
4-21
9C
50c
1
$1.25
_____
(quar.)
common
5,1 1
1-
&
Spice,
60c
.6-
(F.
preferred
preferred
4-15
County Distilling—
preferred (quar.)——__________
Series
(accum.)
weeks and not yet paid.
10-
$7
are
week.
4-20
preferred
Adams-Millis.Corp. _;
Addressograph-Multigraph
(irregular)
Mid-Continental PetrMerm
grouped in two separate tables. In the
bring together all the dividends announced the
we
1
convertible
preferred (quar.)____
Wisconsin Public Service, common
5
$1.25
Monroe
current
5-
$4
Wiggin Terminals, 5%
4-10
$1.75
Melville
issue.
DIVIDENDS
first
4-
4-18
55 preferred (quar.)
Michigan Bakeries, common (irregular).
$1 prior preferred (quar.)__„
Dividends
1
4-18
'
Steel
5-
$1.75
Lazarus
14
-May
bonds, series A,
5-
4-10
preferred (quar.)____—
preferred (quar.)_________________
75
Lake
14
Apr
1961
Superior Oil Co.
Van
1
Apr
$$1.25
1
conv.
5%
1389
1
Apr
;
4-15
26c
_______
5-1
Jantzen
6
Apr
Pressed
Island Mountain Mines, Ltd.
Apr 29
:
1
preferred
3-20
$1
——
Preferred
______May 16
_____Apr 26
May
4-
5-
non-cumulative
preferred A
25C
preferred .(quar.)
Federal Chemical Co., 6% preferred (quar.)_
Fidelity-Philadelphia Trust Co. (quar.)_____;
Fostoria
1
25C
—
4V25>
75
1
4-15
125c
"5%
3
Indiana Associated Telephone, $5 pfd. (quar.)
Indiana Steel Products Co., common——
1388
6
May
4-
5#
4-18
25c
Griggs Cooper & Co., 7%, preferred
75 preferred (quar.)———
—
_
Extra
1044
Shamrock Oil & Gas Corp., preferred
stock—'4——-Squibb (E. R.) & Sons, $4.25 preferred stock J
Universal
1355
1
4-15
1
3-30
5-20
475C
:
1043
1957__—_______May
$1.25
B.i,
4-18
$1.14
common-
11
1990
1956
due
1355
Creamery,
Apr 24
,
1990
Republic Steel Corp.,
San
Fairmount
Coordinated Transport 1st & ref. mtge. bonds—
series
due
1355
60c
Apr
1
(quar.)
(J.
4-15
4-
4-30
1
5%
•
1
5-20
Woolson
30c
4-15
6-
5-
(quar.)
Westcn
;
4-17
5-15
5-
'
Westminster
5
1
11c
____
_________________
5-
1
5-
6-1
4-15
f20c
;____
—
Froedtert Grain & Malting Co.
.class A preference stock—
series
6%
Eureka Pipe Line.
1041
4-20
$1
(quar.)
common
$6 1st preferred
3-31
$1
Elmira & Williamsport RR. (s-a)
Employers Group Associates (quar.)
1355
4-30
1
$1.50
5
4-12
50c
<quar.)____—_
1288
1963
55 series due 1990—
5?45 series due 1990_
Telephone
^
Building 2nd mtge. 6% bonds—
May
Pacific Electric Ry., 5% collat. trust bonds due
1957____May
Pennsylvania Water & Power Co. ref. mtge. & collat.
trust 314%
bonds due 1970____
—May
Philip Morris & Co., Ltd., Inc., 35 debentures due
1962_May
3%
Township
50c
.
preferred (s-n)____
20c
Mines (interim110c
.437 50
Franklin
debentures
4-
,
4-25
.
17 Vic.
—
1288
1
Avenue
Pittston Co.
Eastern
<quar.)__
5-20
3-24
5-15
.'4; 25
—
1
5-15
1
25c
(quar.)
1288
series B,
stock
937
preferred
(quar.)
4-10
6-
7V2c
Extra
5
6-
t$2
1
due 1955—
1st mtge. 3 7c bonds, series C, due 1956__—
$5.50 convertible prior preferred stock___.
$3
Engineering Works—
Dominion Fabrics Ltd., common
65-
notes due 1947
5-
3-30
-
Dominion
4-20
4-22
3-
•;;;
—
6-
20c
40c
5-15
1
25c
>
6-15
3-31
5
62 V2C
;
4-20
$1.12'/2
>
5-22
6%
*
5-15
1
$1
5-
;':5
(quar.)
1
(quar.)____
(accum.
$2
preferred
65-
12'/2c
4-
'
0
1st mortgage & lien 5V2 5 bonds due
Oklahoma Natural Gas Co.—
1st mtge.
7%
Co.,
4-15
25c
$1.62',A
Mines, Ltd.__
Building Assn. (quar.)__
3-31
■4-
6c
.
1
Co.—
5-15
5-
15c
(s-a)_
5-
)_____
Company,
20c
(quar.)__
4-20
$1.20
-____
Gold
Trane
35c
Co
special pfd.
5-15
(special).,
common
preferred
4-15
45c';;
(irregular).
preferred (quar.)
1
Niagara Share Corp. of Maryland, 5!/2%
North Penn Gas Co.—
Tobum
Traders
4-15
6834c
America
4-15
37'/2c
-
Paper, Ltd. (s-a)
(George), Ltd., 5% preferred (quar.)
White Sewing Machine, $2 prior
pfd. (quar.)
,.
5-10
$1.62V/2
$2 preferred A :tquar.)—
1
Minnesota Transfer Ry., 1st mtge. 3%% bonds dated
4-15
3-22
25c
mtge. inc. bonds__May
gen.
"
1
5-15
(quar.)
_____May
May
1944-1948
1
5-25
4-
20c
Deerfield Packing Corp. (stock dividend)____
Dickerson (Walker) (s-a)
Oct
bonds due 1963____—,
notes due
5-
4-25
Teck-Hughes Gold
$1.75
Exchange Bank Trust Co. (N. Y.) (quar.),
Courtaulds, Ltd.—v: •
T Amer. deposit rets, for ordinary regis.
Dayton Rubber Manufacturing, com. (quar.)_
____Jun
May 1
Liquid Carbonic Corp., V/2% preferred
stock, series A__Apr 15
Macy (R. H.) & Co., Inc., 2V2 % debentures due 1952
May 1
Marcy, 1st mortgage leasehold 6% bonds due 1950
Apr 19
Mayflower Hotel Corp., 1st mtge. 55 bonds due
1950__May 1
McCrory Stores Corp., 3 'A 5 debentures, due 1955
May 1
Metropolitan Playhouses, Inc., 5% debentures due 1945__Apr 17
Michigan Consolidated Gas Co.—
;v,
45
*.*
.
—May 31
Day Line, 1st mtge. 6s, due 1946
Illinois Power Co.—
5-20
3-24
10c
(quar.)__
Electric Securities
2nd
Van Sciver
preferred
non-cum.
De Vilbiss
July
Talon, Inc., 4%
1
25c
(quar.)__
Container Corp. of
Co.—
bonds dated 1909
4-15
6-
$4
Consumers Public Service (Brookfield, Mb.)—
1037
Irrigation Co., Ltd., 6 5
5"; 1 4
1
l'_
$2 preferred
4-15
Corp.
conv. preferred stock
May 10
Firestone Tire & Rubber CO.", 3% debentures due
l96i__May 1
(M. H.) Co., Inc., 55 conv.. preferred
stoek__Apr 15
Fruehauf Trailer Co., 5% preferred stock
Hawaiian
Suburban
4-17
4-18
4-
Co.—
(quar. )_______
$1.75
6V27" pfd. (quar.)
Royalties, 65
Consolidated
Dredging Corp.,
$1.60 preferred
5-1;
50C;
1144
1
1
$3.50
Consolidated
5%
May 22
8
5-
1
$4
T
preferred (quar.)—
conv.
of Reo.
87'/2c
(quar.)____
Electric
holder$
Pay&ble
5-
j;_
(quar.)
$1.75
"
7% preferred (s-a)
15
Jun
4-
Stott Briquet,
Corn
bonds, due 1945
1
preferred
4-21
Common
1144
Products
Standard
Consolidated Dry Goods, common
15
Collateral lien 6%
5-
75c
preferred
Apr
Grocery Store
Spiegel, Inc., $4.50
v"6V2%
$1.50
1144
Fishman
8
Corp.—
convertible
1144
Apr
4-
—
Corp., 7 5- pfd.
Corp. of Virginia.
15
Collins & Aikman Corp., 5%
1
Copper Corp
Apr
__^
5-
"
Heat
T_
Co.
,*
__
4-10
5-15
&
preferred (quar.)_____;
Southwestern Public Service, com.
4-10
preferred (quar.)_
Converse Rubber Co., 60c
$2 preferred (accum.)
;
•
Light
Co
Gas
5-
(quar.)____
1144
15
Apr
i,
Gas
Edison
4.8%
t5c
pfd.
(quar.)—
Consolidated
Ry.—
Ref. & impr. mtge. 3 '/2 % bonds, series
D, due l996___May 1
Cincinnati Street Ry., 1st mtge.
5'/2s, ser. A, due 1952__Apr 15
Cities Service Power & Light Co.—
Southern
5-
'
Commercial Alcohols, Ltd. (quar.)—
Commonwealth Edison (quar.)
1
Indiana
4-15
3-31
|25c
Products
Columbia
$2.75
May
inc. 2nd mtge. bonds due 1957____
Creamery Co., $4.25 preferred stock
1st 4s, series A, due 1951
Chesapeake
1
r
Canadian Canners, Ltd.,
Canadian
Natural
Light, 6%
preferred
Pasco
California
5-
f$1.25
Co._!
Power &
de
Southern
4-
When
'.'Per
M
share
4-15
my2c
__'_T
k,
■
5-
t$l
Western
Power
Cerro
(quar.)
J
' )
(?...*
Name of Company
4-14
t$5
(quar.)
(quar.)—
Cincinnati Postal Terminal,
20-year 6%
Beatrice
6
;i
5-20
2% 5
____——i»______—
Canadian
1
t
■*M'*
t20c
(Ontario)
Ltd.
!
Sharp & Dohme, $3.50 pre!. A"t quar.
Six-Twenty Jones Corp (irregular)
Soss Manufacturing Co.
f37c
(quar.)_
Extra
Canadian Oil Co.,
Chesapeake
1
debentures, due 1949
May
(Ludwig) & Co. Warehouse, L. I. City, 1st
mtge.
Bay way Terminal Corp.—
Investors
11
f
When
Holderi
Payable of Rec.
.
1 hare
:
Ltd., common
preferred iquar.)—
5%
Chain Belt
Corp.—
conv.
Baumann
(quar.)___
(quar.)——
Bronze
Canadian
'
:___
preferred
preferred
Canadian
Chemical
Aug
Chemical
1345
debentures
1953
I.-G.
80c 2nd
*
♦
-
•
Ltd.—
Canada Life Assurance
7%
___May (1
bonds.Apr 18
4-
Ltd.—
(s-a) _i_
Mills
Century Ribbon Mills, 7%
British & Continental Corp.,
American
Linen
1st
Central
RR.—
3'A%
bonds, series A, due 1967
Ambassador Hotel Co. of Los Angeles income
mtge.
American,
Page
due
__
Southern
1st mortgage
debentures
(Holding)
preference
$1.50
common
1
'
Cable
Caldwell
preferred
■
Per
(P.)
—
—
Manufacturing
—
common—__
convertible preferred
M.)j 75
5-
1
4-15
25c
(quar.)
Co
Union Gas—
Brothers,
(A.
1$1.50
(quar.)
preferred (quar.)
4-15
3-22
50c
4-15
4-
4-
1*
3
25c
5-
50c
4-10
3-25
)5c
6-
1
5-
3
37!/2c
6-
1
5-
3
$1.75
1
5- 1
4-18
I
'
thare
Name of Company
*5c
Calgary & Edmonton Corp., Ltd. (Interim)—
California Electric Power, $3 pfd. (quar.)—
—!l%
$1.75
———
$i.o«
(quar.)-,
preferred
75c
37/2c
(quar.)—
California Packing Corp. common
5%
7% pfd. (quar.)—
California-Oregon Power,
preferred (quar.)—_—
preferred (aeries 1927) (quar.)
—
(quar.)
——■——
Canada Northern Power, Ltd., com. (quar.)7%
preferred (quar.)
6%
*L50
6%
+{l®
iioc
Common
(quar.)
Canadian Bank of Commerce
$3.40 conv.
Canadian Car & Foundries Co.,
Canadian Breweries,
Extra
J..
______—„J—,
B
Class
Jiac
ffj'ot
ll]-nl
**+1?
——-r
(quar.)
preferred
17*
Shares, Ltd. (annual)—
Canadian Marconi Co
——
Carolina Clinchfield & Ohio Ry. (quar.)-—Canadian Insurance
*
**£
$125
^
preferred (quar.)
——
Central Aguirre Associates
Central Hudson Gas & Electric—
Common
(reduced quarterly)
Central Investment Corp.
——
5To
12c
$1
-—
York Power, 5% pfd.
Central Steel & Wire, common—
Chemical Fund (irregular)
—
$1.19
$1.25
15c
(quar.)—
Chesapeake-Camp Corp., common
57o
preferred (quar.)
—
Chicago & Eastern Illinois RR.—
Class A (irregular)—
Chickasha Cotton Oil (quar.)
(irreg.) —
Central
New
Quarterly
Quarterly
r—
25c
*!-25
—
$1
—-
25C£>c
250
———
—
————
New Orl. & Texas Pacific Ry.—
preferred (quar.)
—
57* preferred (quar.)
—
57* preferred (quar.)
Cities Service Power & Light, $7 preferred—
$6 preferred
$5 preferred —————————————
—
City Baking Co~Vr/preferred "(quar.)
City Title Insurance (N. Y.) (quar.)
Clinchfield Coal Corp., 17* pfd. (quar.)
Cincinnati
$1/*
57*
$1"*
$2,022
$1,733
$1,444
$1.75
15c
$1.75
$1.75
50c
$3c
$25c
?25c
preferred (quar.)
17*
Water Works,
Clinton
(N. Y.)
Cochenour Willans Gold Mines, Ltd
Coca-Cola
Bottling
Plow
Cockshutt
(s-a)—
Co.
Semi-annual
12J/2c
(quar.)
Colgate-Palmolive-Peet Co.,
common
Colorado Fuel & Iron Corp. (quar.)
Columbia Gas & Electric Corp.—
25c
$1.50
$1.25
$1.25
preferred series A (quar.)
preferred (quar.)
57* preference (quar.)
—
Columbus & Southern Ohio Electric
67*
5 7o
3-31
4-25
3-20
4-15
N.
3-20
Federal Fire Insurance
5-15
Federal Services Finance Corp.
3-31
3-31
4-15
3-31
4-29
3-31
4-29
3-31
Fibre Board
4-15
3-15
Filene's
5-
4-29
4%7*
Florida
3-31
1
4-14
4-
4-15
3-31
Quarterly
River
(quar.)
preferred
Consolidated Chemical
Freuhauf
Four
3-14
Fuhrmann
7-14
6-14
Fundamental
10-14
9-14
Fyr-Fyter,
Consolidated
12-
1
11-15
4-15
4-15
4-25
General
1
4-20
5-15
4-11
$7.50 pfd.
(initial s-a)
Consolidated Vultee Aircraft Corp.,
5-15
3-31
4-
4
3-31
77c
4-15
4-15
50c
50c
5-15
6-
Halle
5-
5-15
4-25;
3-31
4-15
3-31
4-10*
,_j$50c
5-15
4-14
5c
Crum & Forster, 87c preferred (q'uar.$2
Cudahy Packing, 6 7* preferred (s-a)
___
$3
-4-25
4-15
(s-a)
preferred
■
————
—
Press,
37Vac
; $1.12Vi
common
preferred
4Vz7o
10c
10c
10c
(semi-annual)—
RR.
—-
Extra'
Cuneo
$3.50
—
Extra
(quar.)__
Cunningham Drug Stores
25c
75c
$2
(quar.)
pfd. (quar.) ■'«.
Dennison Mfg. Co., $6 conv. prior
87*
stock
debenture
(quar.)—:
Dentist's Supply Co. of New
Common
=
Common
(quar.)
77*
77*
77*
75c
75c
75c
$1.75
$1.75
$1.75
30c
__
____
.
(quar.)
(quar.)
(quar.)
preferred
preferred
preferred
—
Detroit Edison Co.
Mfg. Co.
.__
Diamond Match Co., 67o partic.
Diamond State Telephone
Distillers Corp. Seagrams,
Dixie
Home
Dome
Mines,
Stores
57o pfd.
(quar.)__
(quar.)
Ltd
—_
Dominion
77*
pfd. (s-a)__
Glass,
preferred
common
(quar.)
(quar.)—
.
Dominion Oilcloth & Linoleum (quar.)—
Dominion Tar & Chemical, 5V*7*
Dominion
Dow
57*
$4
Textile, Ltd., 17*
(quar.)
Co., common—
preferred, class A (quar.)
Drewrys, Ltd.
(South Bend, Ind.)
(initial)
Erie RR,
$5
1
5-15
9-
1
12-
1
11-15
7-
1
12-23
(quar.)___
$4
8
4-15
4-
5
4-10
4-
9-
8-11
(Del.), 17*
pfd. A
(quar.)Z.Z
$1.75
1
&
4-15
3-28
4-28
4-28
3-28
5-
1
4-
4-15
1
3-15
4-15
4-
1
4•
$5 preferred A (quar.)
A (quar.)
1
4-
1
4-10
$5 preferred A
4-25
4-10
4-15
3-15
5-
1
4-15
4-15
3-31
3-31
1
4-
1
4- 6
6
4-
1
6-14
$1,371/2
7-
1
6-14
7-1
6-14
3-31
1
4-14
5
5-15
7%
4-28
4-18
Marshall
4-15
4-
5-
1
4-15
4-25
3-31
75c
v
4-14
$1.75
4-14
|$15C
6-15
5-10
27c
5-
1
5-
1
4-
$1
$1.25
4-15
3-31*
<
4-15
3-31*
30c
4-10
3-20
5-10
4-20
•
International
International
(quar.) —
(quar.) —
$1.75
4-15
McWilliams
4-30
1
5-16
Gas Co. (irregular)
Mercantile Acceptance Corp. of California—
6-30
6-20
9-30
9-20
12-30
12-20
$2
5-
1
4-15
7-
1
6-10
20c
4-29
3-22
30c
4-15
3-31
6-
1
4-30
Mohawk
50c
4-15
3-20
1
4-11
1
4-11
$1
4-15
3-31
$1.25
4-15
3-31
t $1.75
5-
1
4-
3
t8%c
5-
1
4-
3
5-
1
Corp.—
87y2C
5
4-15
4-
25c
4-15
3-24
$2.72
4-15
common
preferred
175c
4-15
3-15
13c
4-15
3-31
10c
4-15
3-31
30c
6-
1
5-19
30c
preferred (quar,)_.
Inc. (increased)
9-
1
8-10
11-10
"C,"
Creek Coal
!
Engine Co.
(quar.)
Monroe Loan Society, class A (quar.)
Monsanto Chemical Co., $4.50 pfd. A (s-a)_
$4.50 preferred B (s-a)
'0 $4 preferred C (s-a)
Montana Power, $6 preferred (quar.)
Montgomery Ward, common (quar.)
Class A (quar.)ur—_—
Montreal Light Heat & Power Consolidated—
Quarterly ■
Montreal Telegraph (quar.)
:
Moore Drop Forging Co., class A (quar.)—_
Munising Paper,
5%
Mount
Diablo Oil
(quar.)
1
7-
1
6-
7-
1
6- 9
20c
4-10
3-31
5-1
4-if
Muskegon Motor
i
1
;
*
,
?
4-17'
3-31
3-31
3-31
4- .5..
6-20
9-20
12-20
4-14
3-28
3-31*
3-31*
5-
5
8-
4
11-
3
3-31
4-
5
4-
5
3-31
3-31
3-20
3-20
37'/2c
3-20
4-15
19c"" 4-20
4-15
t$1.50
4-14
3-31
4-15
5- 1
4-15
5- 1
5- 1
4-15
$1.25
$1
15c
$1.50
12yzc
10c
3-31
3-31
4-15
5- 1
5-31
8-31
11-30
35c
43%c
43%c
43%c
•
3-31
7
4-20
4-
4
4-10
4-10
4-
1
4-25
6- 5
9- 5
6- 5
9- 5
4-10
4-15
6-12
6-
•
4-10
1
25c
25c
30c
30c
25c
25c
25c
25c
$1
$1.50
15c
4-15
5- 1
4-13
4-15
3-25
4-15
4-15
4-
6- 1
5-10
9-
5c
$2.25
$2.25
$2
4-
6-
2
8
4-15
3-31
1
4-10
5-10
5-10
4-11
*
3-20
4-15
4-15
3-20
3-31
4-30
50c
2
9-
5- 1
-
5
4-
6- 1
J37C
t48c
$1.50
1
3-27*
6- 1
$1.50
50c
$1.75
1
9-
9-12
$1.75
1
6-
3-15
4-15
5- 1
4-15
5- 1
5- 1
4-17
4-
5
4-20
4-20
5-15'
3-31
4-20
3-31
$1.50
4-15
3-31
25c
.
50c
4-20
3
62Vkc
(quar.)
Specialties, $2 cl. A (quar.)
,> •?
y 6-
—
preferred (quar.)
Mountain States Tel. & Tel.
:
11-20
37^0
-
V
11-20
(quar.)—
Murray Corp. of America-—
' $1.06 Vi
(irregular).
4'A% preferred (quar.).
8-21
—_——
common
12-
5%
5-20
8-21
4-15
lc
Quarterly
Mountain States Power,
30c
9
5-20
Mining & Development—
50c
(quar.)
4
5-
4-30
25c
25c
—
common-—
1st preferred
3-27
r.
preferred
$1.50
common
(quar.)
Aircraft
Jewel Tea Co.,
Co.,
Co
Motor Products Corp
Foundation, Ltd.—
preferred
Jacobs
4-21*
50c
(accum.)__
Investors
$6
Rubber
■
7%
4-15
4-15
Monongahela Valley Water Co.—
5-
Island
6%
3-15
5-
8-17
5%
3-15
$3.50
3-31*
50c
preferred (quar.)
preferred
(quar.)
preferred (quar.)_
6%
preferred (quar.)
Miami Copper Co.—
Midwest Piping & Supply (irregular)
Miller & Hart, $1 prior pfd. (irregular)
$1 prior preferred (irregular)
Miller (I.) & Sons, 8% preferred (accum.). *
Mississippi Power & Light, $6 pfd. (quar.)—
Mode O'Day Corp. (irregular)
5%
4-15
$$1.50
5-17
(reduced)
Natural
4-15
$$1.50
11-16
preferred (quar.).:
Dredging Co.
i20c
preference A (quar.)
preference (quar.)
International Milling, 4% preferred (quar.)_
57* preferred (quar.)
International Nickel Co. of Canada, Ltd.—
77*
preferred (quar.)
77o preferred ($5 par) (quar.)
convertible
6%
Memphis
$37y2c
conv.
6%
—
4-30
conv,
77*
(quar.)__.
1
67*
Investment
common
1
67*
Interstate Department Stores,
Stores,
6-
,50c
prior preferred
Interstate Bakeries, $5 preferred
McLellan
1
$1.75
Harvester Co.,
Industries—
International Utilities
(quar.)
Oil Co., Ltd.—
preferred (quar.)
McCrory Stores, 57* preferred (quar.)
McKesson & Robbins, Inc., $4 pfd. (quar.)—
6%
5-
$1.75
(accum.)_
preferred
McColl-Frontenac
preferred (quar.)
5-
$1.50
6-15
4-15
4-15
4-10
62'/2c
(quar.)
5-
Metal
1
3
7
5
partic. preferred
Corp. (quar.)
McCall
7%
4-15
.mh
6
5-
4-15
4-15
20c
(quar.)__
Co.
McClatchy Newspaper, 77*
7%
preferred
(quar.)
4-11
25c
n
5%
/
4-15
40C
(quar.)w«
&
50c
10c
10c
tl7y2c
(quar.)
preferred B
Field
(quar.)
common
Maryland Drydock Co., common—
Trust (irregular)—
Massachusetts Utilities Association—
1
t
3-31
4-15
5-15
8-15 /
11-15
4-15
50c
„37y2c
25c
+17y2c
(quar.)
Massachusetts Investors
1
i
com. (quar.)_
(quar.)
com. (quar.)—
1
3
5
5-
(s-a)
1
4-
lc
3-31
Y.) —
(quar.)
Corp.
Maritime Tel & Tel,
Institutional Securities—
9-
4-
-
Oil
Margay
5-
:
6-
4-15
-
(N.
Co.
preferred (quar.)
$2 conv.
15C
(s-a)
participating preferred
'
Marchant Calculating Machine
$2
Investors
Investors Fund
4-15
Extra
4
v
Fund
Bond
Manufacturers Trust
RR. Co.—
12-
30c
4-15
4-25
66c
$1.25
^
4-25
1
4-15
$1.75
Mutual, Inc.
Iron Fireman Mfg.
(quar.)—.
Quarterly
Quarterly
$1.25
f 5- 5
$1.50
$1.25
(quar.)
Ev^rsharp, Inc., common (quar.)
4-15
7-
__
Manhattan
5-
3-31
5- 1
4-15
4-15
35c
3-31
5-
7-26
10-26
.
$1.31 V*
75c
(quar.__
3-23
1
5-
—
preferred (quar.)—
77o preferred (quar.)
Huyler's, $2 partic. conv. 1st pfd.
67*
Corp
6%% preferred (quar.)
Light
$1.50
4-25
—
,
common
International Bronze Powders,
___^—
4-
30c
Aviation Group Shares
par)
;% 4-15
1
;
$1.50
$1.50
$1.50
5-15
.—
(monthly)
gtd.
(Ky.), common
Magnin
5-15
(monthly)
preferred (initial)
4%
($25
preferred
75c
17*
3-28
4-15-
preferred
8
4-25
•
40c
—
Corp., 67* pfd.
Huttig Sash & Door Co., 77* pfd.
3-28
4-15
5-
$1.50
4-
5-
5»/4%
25c
3-31
$1.25
(quar.)_
4-15
60c
4
4-20
4-25
6- 1
6- 1
9- 1
9- 1
12- 1
12- 1
5- 1
4-25
4-15
4-15
4-13
7- 1
10- 2
1-2-45
.
preferred (quar.)
(I.) Co., 6% preferred (quar.)
6%
preferred (quar.)
6%
preferred (quar.)
Mahon (R. C.) Co., $2 class A pfd. (quar.)—
$1
!
3
4-
3-31
$1.25
25c
$1.25
25c
$1.25
25c
$2
37y2c
31'Ac
$1.25
55c
S1.62V2
$1.62V2
$1.62y2
Lyon-Magnus, partic. class A (accum.)
MacAndrews & Forbes, common
6
$1.25
4-29
5-
15c
4-
Indianapolis Power & Light, com. (quar.)
$1.50
(quar.)j—
4-20
$1.75
:
4-14
6-14
3-15
preferred (quar.)_
preferred (quar.)
County Gas & Electric Corp.—
Luzerne
3-31
(quar.)__
Incorporated
1
Electric
$1.50
4-15
$1.50
Phonograph (quar.)
4-15
$1.75
7.
4-15
_
6- 1
6-1
(quar.)—
(quar.)
preferred ($100 par) (quar.)
6y2%
3-31
preferred (quar.)
Leased Lines,
2nd preferred
8%
preferred
Lowell
3-31
7
(quar.)
Illinois Central
5%
$1
Hummel-Ross Fibre
4-10
1
$1.25
(quar.)
4-15
-
—
Finance Corp.,
-
Louisville Gas & Elec.
5-15
1
4-15
10c
4-
5-
6-
$1.62 >/2
4-15
4-25
$1.12y2
$1.25
Inc.
Lord & Taylor,
4nl5
$$1.50
$6 preferred (quar.).
77o preferred (quar.)
1
12-23
4-20
.,5v-l..
$$1.25
:
4-14
10c
10c
-
Participating
cy2%
Common
9-30
1
75c
v.
34 %c
—
Houston Light & Power
8-15
5c
preferred B (quar.)
preferred
6-
9-30
4-15
5-
50c
68 %c
(quar.)
Ltd
Household
4-18
7-
3-31
1
Participating
preferred (quar.)
Participating
5% preferred (quar.)
4-10
4-15
(quar.)
Hardart (N. Y.)
(quar.)
Houdaille-Hershey, class B
5 7o
4-15
__
.
-
Engineers Public Service, $5 pfd.
$5.50 preferred (quar.)__
$6
4-18
1
4-10
—~
common
4
3-31
5-12
6%
Horn
4-10
1
5-
preferred
Oil
Horder's
1
.4-20
3-31
5c
Electric Bond & Share; $5 pfd.
$6 preferred (quar.)
Emerson Radio
77*
Home
4-20
4-15
Duro-Test Corporation
67*
11-15
de Nemours & Co.—
$4.50 preferred (quar.)_
Duquesne Light, 57* 1st preferred
El Paao Electric
11-25
$$1.37y2
1$1.75
75c
$1
(quar.)
du Pont (E. I.)
Holly Sugar Corp.
$1
pfd. (quar.)
pfd.
Chemical
preferred
Holly
5-15
6-
35c
$$1.75
$1.50
common
8-15
4-
lioc
Extra
Company,
3-31
4-
4-12
5%
3-20
—
(monthly)
3-31
3-31
5- 1
4-10
(Maryland) (resumed)—
(Missouri) (initial)
Longhorn Portland Cement—
5% preferred (quar.)
3-20
$50c
common
4-13
$1.12V2
50c
-
—
Long Bell Lumber
4-15
(quar.)
(irregular)—
3
5
20c
Corp
Lunkenheimer Co.,
preferred (quar.)
Bartlett Co,
4-20
4-25
79c
433/4C
t$1.25
15c
140c,
$$1.25
$$1.75
130c
Co.
69-
12- 3
5- 1
8- 1
11- 1
4-10
4-10
4-10
6- 1
7- 1
4-15
Long Bell Lumber
4-15
.
'
4
4-15
5- 1
Co
4-10
Brewery—
Light
Gas
(quar.)
A
Aircraft
4-25
25c
(quar.)_^_—
L
(quar.)
Co.
preferred
Star
5%
preferred (quar.)
Development Co. (quar.)
57*
.
4-15
25c
Products
Steel
Higbee
4Vi7o
4-10
—
(quar.)
1
5-
;
5
Liquid Carbonic Corp.—
Refractories—
5-25
6-15
Lone
(quar.)
(quar.i
4-25
(accum.)
8-25
1
1
-
4-20
5-
4-
5c
(quar.)
Hibbard Spencer &
10c
(quar.)
Detroit-Michigan Stove
Detroit
1
Lockheed
1
(extra)
& Co., 7%
conv.
3
$1.75
Brewing
$4
4-20
3-23
17o
(Del.), class A (quar.)
common
25c
Brothers, $2.40 conv. preferred (quar.)
-
4-20
4-
4-13
Electric
Co.,
Refining
4-10
4-24
preferred
Tel.
preferred
Oil
1
5
Hershey Chocolate Corp.,
25c
(quar.)
Detroit Gasket &
5-
5-
6'/2%
Lion
5-
5-
&
(quar.)
Belt
4-20
1
Western
B
preferred (quar.)
Link
7
1
L.)
(A.)
4-
4-17
$1.25
Corp. of America, 6'/2^ pfd. (quar.)
Hercules Powder, 67*
preferred (quar.)
6-19
6-30
5%
3-31
20c
Hat
York—
(quar.)
(quar.)
Common
•
1
4-
Harvard
4-18
17*
5-
Tel.
Class
3-31
5-
Hartford
25c
Culver & Port Clinton
1
preferred (quar.)
Harrisburgh Gas, 17* preferred (quar.)
Hart & Cooley (quar.)—
:_
Hart Schaffner & Marx, new com. (initial)
3-25
*__
4-15
5-
conv.
Harris
5
5-19
1
Lincoln
4-10
5-
preferred
67o
4-15
5-15
1
5-15
40c
Harbison-Walker
3-31
Drug Co.
5-
25c
preferred (quar.)
Guaranty Co. of North America (Montreal)—
Quarterly
Guaranty Trust Co. of Canada (quar.)
Guardian Realty Co. of Canada—
4
4-
(H.
5V27*
4-10
(quar.)
4-10*
$1.75
Power,
Griesedieck
1
4-15
6-
4-10
Seal, Ltd.
3-31
3-31
Greenfield.Gas Light»67o non^um. preferred
1
12'/2c
Cork &
4-10
1
$25c
pfd. (quar.)_
(quar.)
Quarterly
Quarterly
1
5-
4-24
Green
Lakes
5- 1
7-1
$1.12V2
$1.30
87y2c
Quarterly
1
12-25
4-
1
4-15
12-31
4-15
4-
5-
Great
5
11-
4-24
4-13
5- 1
5- 1
30c
30c
30c
50c
25c
$1.25
50c
$1.62V2
25c
4-15
$1.25
(quar.) —
preferred (quar.) —
4
5-
4-20
common
(quar.)
Lexington Telephone Co., 5.2%
$3.50 pfd.
5-
(Texas)
■
Lincoln National Life Insurance (Ft. Wayne)—
20c
Life Ins.
-
4-
8-
4-15
5- 1
25c
(quar.)
.
62V^c
Corp.,
preferred
Liberty Loan Corp.,
(increased)
Co. (N. Y.)
i
4-10
Stores
3-10
$2
Insur.
5-15
4-15
5-31
3-31
77<i preferred (quar.)—;—
77* 'preferred (accum.)
Pumps,
3-29
6-15
1
4-20
(quar.)
4-14
50c
4-25
6c
Hosiery,
3-31
Electric
4,/2%
(quar.)__
common
(quar.)
67*
4-15
Co.
9-25
B
8
3-31
Leland
4-20
$$1.75
Beiyea, class A common
4-
75c
50c
25c
$1
$1.50
9-30
Class
Gotham
37'/2c
Crown
State
Gordon &
Electric
&
5-
$1.12 y2
(quar.)
(quar.)
preferred
Golden
Gas
4-15
(annual)
common
5-10
5- 1
4-17
4-15
5-15
8-15
11-15
6-15
9-15
12-15
5-1
4-15
4-15
4-15
22c
50c
5c
4-20
Brothers,
5-10
,
Lerner
■
7
1
5
3-25
preferred (quar.)
Lee Rubber & Tire Corp. (quar.)
Lehigh Portland Cement, common (quar.)
4 7* preferred (quar.)
1
4-
4-20
5-
(quar.)
(initial)
15C
$6
Southern
65c
3-31
Mines
35C
Gimbel
Great
$1.75
3-31
4-15
preferred
Luz
;
(quar.)
26c
4.20
6-25
,
preferred (quar.)—*
Creamery Package Mfg. (quar.)
Credit Utility Banking Corp.—
Class B (reduced quarterly)
—__
Crown Cork & Seal Co., Inc. (irregular)
4-15
25c
5.15
6-30
17*
50c
50c
common
American
31V4C
3-31
~7
75c
4-20
50c
convertible preferred (quar.)——
Corn Products Refining, common (quar.)___.
4-
4-15
2c
22c
:
(increased)—
5-15
$1.25
$1.87'/2
$1.25
4-15
—
|44c
American Investing
common-
Lebanon Valley Gas,
Co
Great
—.
Lawrence
5-29
(quar.)
Goulds
Extra ———4.—/o/
4-15
6-10
Giddings & Lewis Machine Tool Co
Gillette Safety Razor, common (irregular)__
$5 preferred (quar.)
37y2c
(quar.)_
4-30
50C
La
■
$1
Rubber
&
Brewing,
Genesee
5-10
5-
67*
5-22
—
5-27
5-15
3-31
4-21
(quar.)
General Tire
2
11-
1
Mills
(quar.)
(quar.)
(quar.)
20c
com.
$1 pfd.
common
(quar.)
Common
•
(irregulart___
Brewing Co.
Machine,
$35C
(quar.)
partic. preferred
Participating
5-15
12-
9-15
—
17*
4-10
1
2
$5 preferred (quar.)_
General Steel Wares, Ltd., ccm. (interim) —
3-30
6-
10-
General Motors Corp.,
4-10
5-10
6-15
Trust
Investors
General
(G.)
Plant Choate Mfg.,
preferred (quar.)
preferred (quar.)
77* preferred (quar.)
Lane Bryant, 77*
preferred (quar.)
Langendorf United Bakeries, class A
Class B (irreg.)
5-15
1
*
$1.75
12V2C
25c
25c
25c
25c
$1.75
$1.75
$1.75
$1.75
50c
6c
75c
(quar.)
$1.12J/2
$4.50 preferred (quar.)
(Boston) (irreg.)—
General Foods Corp.
1
;
5-15
1
7-
conv.
4-15
4-
preferred
10c
1
5-
1
6-
A
4-20
4-15
2nd
Landis
—
General Finance Corp,
4-15
5-
6-
37'/2C
(Irreg.)
Co.,
Investors, Inc.
common
77*
37J/2C
87'/fee
Co., common (quar.)
preferred (quar.)—
General Baking Co., common
General Capital Corp. (irregular)
General Electric Co. (quar.)
$3
Co.,
(quar.)
77*
Gardner-Denver
5-15
8-15
La
6-23
•
(quar.)
(stock dividend)
Mining (s-a)„_
Creamery
Krueger
5
4-15
B
Class
1
37V2C
Laundries,
$1.00
1
6-30
preferred
6%
Mines___
& Co.
preferred
Common
—
Brewing Co. (irreg.)
Drive
& Schmidt
class
60c
(quar.)
4-10
4-
Kroger Grocery & Baking Co.—
3-31
(quar.)
& Malting
Auto
3-31
4-14
Consolidated Natural Gas—
Crown
Wheel
4-15
*
-'1
preferied
Trailer, 57*
Froedtert Grain
Industries—
(quar.)
$1.50 partic. preference class A (quar.)—
Consolidated Edison (N. Y.), $5 pfd. (quar.)
4-
4-15
$1.75
4-20
Great
$1
4-20
8c
.
—
4-20
Knudsen
3-31
(quar.)
1
4-29
$1.50
4-15
$1.25
—
1
3-31
——
1
*
Power
5-15
Heating Co
Consolidated Car
4-19
j
—
4-15
10c
4-26
—
preferred (quar.)
Corp., 77* preferred
5-
Co.—
Power
4-19
Co.—
H.)
3-31
Corp. (s-a)
Connecticut Investm't Managem't
Connecticut
1
4-26
5-
Utilities,
Kirkland Lake Gold
4-15
$1.50
common
preferred
(Walter)
77*
—
Inc.,
cony,
Kerr-Addison Gold
4-10
$1.183/4
(Jersey City)
5-
1
4-15
25C
_
(M.
1
4-
1
5-
75C
N. J.
$1.25
Kentucky
prior preferred (quar.)
Foundation Co. of Canada (quar.)
6-
5-20
Kennedy's
4-10
67*
9-
3-31
4-25
4-29
5-29
5-25
4-10
4-29
—
preferred A (quar.)
Wheeler, 67* prior pfd.
77*
Foster
4-28
100%
t2c
'
10c
15c
4-29
50 to $1 Stores 57*
4-10
20c
31 Vic
$1.50
37>/2C
$1.06 V*
Shares
Fund
Trust
Mutual
Quarterly
1
4
3-31
3-31
Rubber
&
3-31
5-
4-
4-15
Kidde
—
Tire
First National Bank of
4-15
4
4-29
6- 1
6- 1
4-20
4-15
4-15
4-15
37«/2C
Quarterly
First
Fishman
4-
Kellogg Switchboard & Supply, common..;,
5rf* preferred (quar.).
;
{,,\
Kendall Co., $6 partic. pfd. class A (quar.)j;
_
$1.50
Participating
$1.75
(quar.)
Sons, common
Firestone
5
5
6-15
9-15
I2V2C
25c
15c
$1.25
$1.50
preferred
4-14
4-
3
5
Kellogg Co.
prior pfd. (quar.)
67*
75c
Quarterly
9-16
—
25c
Quarterly
Common
(Wm.)
4-14
3-31
6-
$5c
1
""
4-17
9-
(quar.)__
Department Stores
10-
8-11
6
9-15
12-
Kearney (James R») Corp. (quar.)
8-15
1
5-
12-15
4-28
4-20
4-10
4-29
15c
15c
15c
15c
(quar.)
_____;
6-16
$$1.50
4-
5- 1
20c
1
$1.75
Products,
1
4-21
of Rec.
4-15
5-15
10-1
$1.50
5c-a
$2.95
Furnace
&
7-
$4
preferred (quar.)
1
5-1
Vegetable Parchment Co.
Quarterly
pfd. (quslf.)__
Quarterly
12-15
& Dying—
Cleaning
United
5-
4-15
Kalamazoo
9-15
12-30
preferred accum.)
(quar.).
Fireman's Fund Insurance (San Fran.)
4-10
4-20
6-15
6-30
9-30
(Wash.,D.C.)—
4V2%
4-15
Stove
Kaufmann
preferred (quar.)
Department Stores, common.—
conv. preferred (quar.)
.—
Feltman & Curme Shoe Stores—
4-15
1
Kalamazoo
$1.25
67*
3-15
6-
1
9-16
$1.25
Federated
3-15
1
Kalamazoo Allegan & Grand Rapids RR. (s-a)
$1.25
Common
77*
5-15
10-
3c
Holdert
Payable
50c
3-31
1
$7
Joplin Water Works Co., 67*
K W Battery Co. (quar.)_.__
.
(Canada) (s-a)
1
7-
Fenton
1
4-20
5-29
15c
(quar.)
5-
3-21
4-14
5-
$1.75
When
thare
'
4-29
10c
,
Per
Name of Company
of Rec.
$2.50
Y.)
3-31
tlOc
\
Quarterly
4-15
17*
When
Payable
$2.50
1
(irregular)
preferred (accum.)
Confederation Life Assurance (Toronto)—
B
3-31
4-20
4-15
Bookbinding
Concord Gas,
Class
4-15
4-15
$5c
common
(quar.)
preferred
Commercial
6 7*
3-31
$$1.50
$$1.50
$$1.50
Commercial
8%
Co.—
$1.63
preferred (quar.)
Alcohols Ltd.,
6Y2V0
3-31
J'/2C
4%% pfd. (quar.)—
Central Kansas Power,
4-29
4-15
5-
(quar.)
common
Corp.,
Celotex
5-15
4-15
4-15
67* pfd. (quar.)
Ltd., class A-—
Canadian Industries,
4-29
4-29
-j-
f~
5-15
4-29
———
Investments Ltd. (quar.)>m "U- J
Buffet Corp
Fair (The), 77* preferred (accum.)
Falstaff Brewing Corp., common (quar.)
67* preferred (semi-annual)
Fansteel Metallurgical Corp., $5 pfd. (quar.)
$5 preferred (quar.)
$5 preferred
(quar.)
Farmers & Traders Life Insurance (Syracuse,
4-15*
1
Company
Exchange
3-11
4-15
5-
Name of
of Rec.
4-11
,
;
(quar.)__
Canadian Fairbanks-Morse,
Canadian General
Elxtr £t
pfd. (quar.)
Ltd.—
ail'--r
I. ..II
..
?$!•»"
fooc
—-
(quar.)
preferred
partic.
17*
Canadian Converters
Payable
Holdert
Per
thare
Holdert
When
Per
'
Monday, April 10, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1482
,
4-24
6-1
4rl2
5-15
Volume
159
Number 4271
THE COMMERCIAL & FINANCIAL CHRONICLE
Per *^,* When
Hoidcrt
Per
'
J
Name o/Company
,
Mutual
<■
Chemical Co.
of
"
.
Share
preierred (quar.)—ii__.
preferred (quar.)
6 % preferred (quar.)..__—__
$1.50
6-28
6-15
______
$1.50
9-28
9-21
.Reda
—______
$1.50
12-28
12-21
Reed
;
10c
4-15
3-31
371/2C
4-15
30c
4-15
15c
4-15
25C
4-15
____
Mutual
Mutual
System,
Fund
Investment
6%
(irreg.)
preferred
(quar.)______
National Biscuit Co., common...
National Bond & Share Corp. (quar.)___*___
____
Cash Register
National
common..
City Lines, class
A
50c
(quar.)
______*/;
Welding
5-
5-
1
4-29
4-15
Quarterly
3
National
class B
Class
Gas
v.t.c.
10-30
(quar.)
B
(quar.)
Lead, 6%
10-20
& Stores
$2.50
non-cumulative Class A
$5.50
prior
preferred
i
(s-a)_
$1.25
preierrea
National Steel Car, Ltd. (quar.)
1
8-15
7-31
St.
Croix Paper Co.
t25c
4-15
3-15
St.
Lawrence
preferred
Corp.,
St.
Lawrence
Flour
—
13%C
<quar.)_
5-
1
5-
1
4-10
(quar.)___
3-21
5-
$1.1834
Norfolk
7%
St.
preferred
Adj.
(quar.)___
North
Penn
Gas, 7%
.5
$1.50
Indiana
v
:;
6%
Liberties Gas
Northern
Ohio
Northern
6%
Telephone,
Ontario
preferred
(quar.)
Northern States
Power
5-1
10c
t
-■
/
)
$5
preferred
Old
Co.
•'''
'4-5
••
:
3-31
4-20
3-31
84-
7 t
4-15
5-
$1.37»/2
$1.50
'■'fik-
6%
y.
:
4-15
7
5%-
Mines,
$1.40
class
A
1
5-15
6-
1
5-15
4-
4-15
J25c
1
6%
'
^
*70c
4-
5-1
8
4-15
10-15
"
V
3-15
t20c
California
9-15
4-15
4-15
$1.25
5-
(quar.)
$1.25
4-15
;
6%
non-cum.
preferred
non-cum,
preferred
y
4-
4
^
6-15
j:
10-
9-15
5-15
5-
4-15
4-
4-15
4-
5
5
2-15-45
1
preferred
Ltd.
3-31
4-10
4-
(accum.)
(Ohio), 5%
pfd. (quar.)__
1
6-
-Class
Radio,
B
Ltd., class A
4-15
3-31
4-15
3-31.
25c
(quar.)
V
Standard
Steel
Spring Co.
Tube
4-10
3-25
$10c
(quar.)______
4-10
$10c
Co., class B
(irregular)
(irregular)
Standard Wholesale Phosphate & Acid Wks.—
4-10 ;
4-15
.
6%
1st
Premier
4-10
80c
6-15
6-
31 %c
5-15
;
Stanley Works,
5%
4-15 V
6-30
6-15
(quar.)
$1.25
9-30
4-
1
59i>
preferred
(quar.)
$1.25.
12-30
12-15
1
4-25
,
5-
40c
1
4-
5-
1
Steel Co.
4-10
4-15
•
3-17
4-22
4-
:
50c
'
10-21
50c
Sun
3-30
5-
$75c
(quar.)_._____
:
Oil
4-17
1
4-
6
5-
1
4-
Pressed
Metals
Preston East
Price
of
;
$1.12>/2
1
5-1
(s-a)
25c
25c
37 %C
$1.12%
12 %c
(quar.)
5-
$1
4-20
4-
6-
5-19*
Procter
&
Gamble
8%
6
1
6-
9
4-15
4-
1
Thatcher
6-15
6-
1
4-21
4-29
$1.50
4-20
3"10
3-31
4-20
3-31
10c
4-15
4-12
4-
50c
7-
pfd. (quar.)__
Prosperity Co.. 5%
preferred
Public Service Co. of Colo., 7%
69c
preferred (monthly)..
5^
preferred
Public
$75c
3-15
"5-15
5-15
4-15
(initial)
$$1.50;
$2
$1.25
pfd. (monthly)
58y3C
___
50c
(monthly)_______
of N. J.—
41%c
5-
1
4-15
Carbon,
$5
preferred
5-
preferred
Putnam
Quebec
(quar.)
(George)
6%
6-
5-
1
2
5-
1
6-
2
1
5
Power
(quar.)
1
preferred
(accum.)
(quar.)
4-15
United
of
Total
4-29
4-14
$1.25
15c'
$1.50
4-15
'
4-
pfd. (quar.)
pfd. (accum.)
7%
3-31
United Fruit
5-
United
5-25
$1.50
4-25
3-31
■
1
8-
1
7-15
1
10-16
11-
1
10-16
$1.50
4-30
4-15
$1.12%
4-15
$1.75
5-
7-15
3-31
1
4-15
4-15
4-
6-
1
5-20
5-
1
4-15
5-
1
$37 %c
Mercantile
3
4-15
Institution—
75c
4-15
4-
5
4-20
4-
4
4-
$3c
4-15
2-25
6-
1
5-15
/ 9- 1
8-15
12-
1
11-15
5-
1
50c
$1.25
3-17
30c
4-14
3-27
30c
4-15
4-
7-15
7-
1
90c
5-15
4-30
1
Jamaica
income
not
25C
6-
5-10
5-15
8-15
8-10
11-15
11-10
$$1.75
4-15
3-31
1
4-15
10c
5-
20c
5-
15c
4-17
4-15
1
:
5-15
4-29
$1.25
5-15
4-29
25c
5-10
4-10
1
4-10
5-15
4-15
15c
5-
1
4-18
5-
1
4-18
$1.18%
5-
1
4-15
4-15
3-23
$1.25
$37c
Gas
preferred" (quar.).
Co
75C
Improvement
(stock
•common
United
for each
5-
dividend).
for
this
3-10
'
Merchants & Manufacturers—
5% preferred (quar.)—
Apr. 5, '44
hand and
on
5
'
Mar. 29, '44
Apr. 7, '43
$
Treasury
$
19,084,325
50,000
278,068
12,467
295,535
19,657,928
43,960
6,716,150
22,234
—
84,701
—
38,968
+
2,518
3,003,040
—
+
17,226
51,700
1,161,264
i
—1,253,091
+
237,360
—
66,167
—1,081,898
+
30,680
—
453
4,183,146
+
+ 2,019,665
+
1,451,467
180,589
—
600,500
Total U. S. Govt, securities
(incl. guar, sec.)
12,331,921
Total loans and securities—
Due from foreign banks.
F. R. notes of other banks^
34,474
+5,782,900
1,976
+
12,388,375
+5,813,127
136
89
20,457
291,195
-
1,642,254
Bank premises
Other assets.
10,231
-139,598
72,133
...
Uncollected items.
34,966
8
4,065
3,488
19,118
-240,002
+5,019,787
57,650
—
Total assets
-
33,853,442
Liabilities-
Federal Reserve notes
17,635,730'
+
Member bank—reserve acct._.
12,276,815
+ 223,571
U. S. Treasurer—gen. acct3.__
Foreign
426,330
1,432,527
$1%
7-
1
6-15
137,028
+4,796,638
Deposits:
—
833,341
—326,757
+
213,073
—131,860
+
556,107
15,480
+
69,637
'1 '14,504,273
—
—219,566
+
5,476
1,265,164
—158,006
+
186,572
7
+
1,878
—
Other
368,601
—
Total deposits—
Deferred availability items
Other liabs., incl. accrd. divs—
8,016
+
+
».iVir
Total liabilities
—
33,413,183
-240,537
156,645
58
+4,990,564
Capital Accounts—
Capital paid in
Surplus (Section 7)__
+
9,739
188,097
+
27,686
26,965
—
+
Surplus (Section 13b)
Other capital accounts
res.
trial loans—
to
477
68,552
.
33,853,442
—240,002
13G
—
+
8,338
5,019,787
to deposit &
,61.2%
F. R. note liabilities combined
Commitments
-
5
thousands of dollars)
Total liabilities & cap. accts._
.
12-
dividend.
12,494
Ratio of total
share of U. G. I. held
12-15
tax.
closed
4-10
$1.12%
(accum.)..
5
75c
books
69-
5-29
$2.50
(quar.)__
(quar.)
5
6-15
9-15
1
30c
(quar.)
$4.50 pfd.
4-
3
50c
(s-a)
4-15
75C
Certificates
or
about
May 18 a distribution of
l/20th share of Delaware Power & Light
4-20
'3-31
8-
11-
S. Govt, securities:
3-31
4-15
On
4-19,
1
4-20
4-15
50c
Bills
4-10
50c
Corps., Ltd., class A (quar.')_
& Tool, class A (quar.)
5-31
5-
4-15
1
4-15
(quar.)
Cigar-Whelan Stores Corp.—
4-15
20c
$1.50
7-31
1
5-
$20c
Industrial loans
1
;
(quar.)
United Drug, 4*U%
1
8-15
5-
15c
Discounts and advances.
U
5-
United Drill
3
18%c
;
4%%
reserves
Notes
California
preferred
United
3-15
5-15
•
(quar.)_
4-18
5-15
$1.50
Bonds
Bag & Paper—__——
Union Oil
4-15
5-1
4-15
$25c
preferred
Railroad-Fm-tiwPies corn., 80c* pfd.
Railway Equinment & Realty—
1st
(quar )__
1
(quar.)
Other cash__—
4-10
10c
;
Radio-Keith-Orpheum, &%
preference
$5 preferred
4-15
-
(quar.)—'
1
5-
18%c
(quar.)
(quar.)
Redemption fund-;—F. R. notes.,'
1
5-
25c
Union Electric of Mo.,
50c
>
preferred
preferred
'
5-15
25c
Union
50C
...
Fund of Boston
Insurance
4-
4-15
5-
Universal
3-24*
4-15
*
80c
$5
preferred
5-
75c
30%
5-25
50c
Ltd., 7% pfd. (quar.)
Tung-Sol Lamp Works, common (irreg.)—_
3-15
4-17
$1.50
37 %C
quarterly
due from U. S.
4-28
15c
Tuckett Tobacco,
4-15
$5c
(quar.)
(quar.)—__
preferred
Quaker Oats,
69b
-
5
1
$1.50
certificates
3-31
Quarterly '•
Quarterly
3-20
4-15
25c
■
(monthly)______
(monthly)
Puget Sound Power & Light Co.—
$5
1
Trinity
3-20
4-15
$lc
5
4-
4-
(—) Since
Gold
4-15
Manufacturing, $3.60 pfd. (quar,)_
Thermatomic
Service Corp.
6%
69c
4-15
$$1.50
;
4-
4-15
4-15
Increase (+) or Decrease
1
____
3
4-15
20c
$1.75
$1.50
Assets—
4-15
25c
—
3-18
25c
(quar.)__
preferred
4-10
1
Corp.—
(In
37 %c
$1.25
1
10c
15C
Brothers & Co., Ltd., common
3-15
3-24
5-
serve
5-
Superheater Company (quar.)______________
Super Mold Corp. of California (quar.)
Susquehanna Mills Inc. (irregular)
4-17
1
4-25
$1.25
(quar.)___.
4-15
4-15
$1.13%
Statement cf Condition of the 12 Federal
20c
______
Sylvanite Gold Mines (quar.)
:
Syracuse Transit Corp., common (irregular)
Common (irregular)
Common (irregular) _____!
____;
Tacony-Palmyra Bridge, 5% pfd. (quar.)
Taylor-Wharton Iron & Steel (irregular)
Texas Water Co., 6% preferred (quar.)_
6% preferred (quar.)
Inc
Mines
Less
25c.
Sun Ray Drug Co., common—
6% preferred (quar.)__
•
$1.75
.
1
50c
'
75C
America—:
Dome
3-15
6
25c
;
Industries
5-
$75c
common
3-30
4-15
(quar.)
Machinery Co. (irregulari___
Co., 4 y2 % class A preferred (quar.)
Sun-Glow
9-30
4-15
50c
Snecial
Sullivan
9-30
10-21
Canada
Stewart-Warner Corp.
1
1
!
of
7% preferred (quar.)
(A.) & Co. (quar.
pfd.
Stein
1
4-
;
3-15
4-15
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
$Payable in Canadian funds, tax deductible at the source.
Non¬
resident tax, 15%: resident tax. 7%.
a Less British
income tax.
9-15
4-
•
x
3-31
$1.25
preferred
preferred
4-22*
_________—
:_
4-
4-15
/$1.75
6
59b'
4-22
__
Ltd
4-15
/75c
4-29
Irregular
3-31
$1.83 y3
(quar.)_
Mining,
$15c
20C
3-25
4-15
30c
___,
of Canada, 6%
preferred
Gold
4-17
3-31
5c
'
Power Corp.
4-15
4-17
$1
3-31
25c
______
Stecher-Traung Lithograph, 5%
$1.10
'
—
1
5-15
3-31
4-15
50c
$6 preferred (accum.)
5-
5-15
$1.50
1
$1.25
$1.06%
$4'/4 preferred
(initial quar.)_____
Standard Products Co. (resumed)
;
Standard
'
Alexander,
4-30
15c
4-15
1
5-
3-21
10c
(irregular)—
Co.
6-15
$50c
(quar.)
;
(irregular)________
15c
(quar.)
$1.06%
$1.12%
1
5-
50c
(resumed)
5-15
$1.75
(interim).
Co-operative
•Transfer
(quar.)
4-15
$1.06 V*
Manufacturing Co.
Pocahontas
B
(quar.)_
State Street Investment Corp. (irregular)
$1.50
Plymouth Cordage Co. (quar.)
Portland Gas Light.
preferred
Coated Products Corp.—
-
2-5-45
1
Zlon's
Sons—
Chemical,
3-31
—
Employees stock
&
$2
$5 preferred class A
Polaris Mining
$4.25
Standard
11- 4
$1.25
Pittsburgh Coal Co., 6% preferred (accum.)_
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
Pittsburgh Screw & Bolt—
1
5
75c
(quar.)
$1
4%% preferred (quar.)__—______________
Phillip-Jones, 7% preferred (accum.)
&
75c
5
8-
8-15
$1.50
Creek
6
5-1
_______
Pond
10-
Standard Oil Co.
.
12-15
—_
Powdrell
10-16
Standard
1
—
Pollack
$1
4-14 f "T7-
,_
preferred (quar.)
1
6-
Quarterly
Quarterly
Quarterly
5-15
preferred (s-a)
Co.,
5
t75c
(quar.i__
V.t.c. for partic, preferred (s-a)
Philip Morris & Co.,-Ltd., common (quar.)
3
5-
43 %C
Wrigley (Win.) Jr. Co.__.
Zeller's Ltd., common (quar.)
6% preferred (quar.)
7-12
Standard Brands, $4.50 preferred
7-
11-15
5-15
4-
$$1.50
■"!
4-
5-15
-
Gas & Electric,
7-14
(Dallas)
Standard
-
4-15
35c
.
•
4.49c preferred (quar..i::
Philadelphia National Insurance (s-a)_____
Philadelphia Transportation Co., commonSi participating preferred (s-a)
V.t.c. for partic. preferred (s-a)
$1 participating preferred (s-a)
4-19
25c
17 %c
Wood Alexander &
James,
Woodall Industries, Inc.
4-15
-
4-13
35c
6-15
Wisconsin
$1
4-1
35c
____
Telephone Corp. (quar.)__
Philadelphia Co., common
12 %c
common
Wisconsin Elec. Power, 6% pfd. (quar.)
35c
4-14
1
$1.25
5-15
5-31
$1
Increased
4-15
1-1-45
3-31
5-15
8-15
Extra
8-15
5
50c
3-17
4-15
5-15
>
$1
4-12
5-1
50c
4-10
$1.50
4-15
8-11
■
9-15
$1
v
$1.75
5-1
8-31
Quarterly
4-14
10c
•"
3-20
3-31
8-15
1
35c
4-
>
Extra
$1.25
4-15
75c
4-21T
4-15
3-31
$$1.75
(quar.)
convertible preferred
(quar.)
$3 preferred
3-31: y Squibb (E. R.)
:50c
5-15
$$1.50
-
(quar.)
$1
V:
,:7$20c
(quar.j__:
4-15
4-29
(quar.)—
Co.
convertible
75c
_
Canada
4-15
1
—_
;
4-21
5-
/ 75c
1
Quarterly
Spalding (A. G.) & Bros., 1st preferred—
1st preferred
Spicer Manufacturing Corp., common—!
3-31
4-29
;■
(quar.)
preferred
Southwestern Life Insurance
4-15
'
pfd.
5%
yV;
3-1
1;.
5%
5%
3-30*
:
Water,
(quar.)—.*
Power, common (quar.)__
(quar.)
Southern Franklin Process, 7% pfd. (quar.)
Southern-New England Telephone (quar.)__
Southern Railway Co.—
> o.
w
K v
4-15
(quar.)
4-10
'
4-21,
4-21
37 %c
7%
Crampton
Wlnstead Hosiery
(quar.)
preferred
Southern
4-15-
a
5-15
;
California Gas, preferred A
preferred
Southern
5
3-31
5-15
t$1.75
30c
(quar.)——________—
(quar,
preferred (quar.)
preferred ________________
Co., $6
6-
Peoples
Pittston
Wilson-Jones
Winters &
37 %c
5-
m
50c
preferred (quar.)_
Pennsylvania Power, $5 preferred
Peoples Gas Light & Coke_-
4%%
3-31
4-15
31 %C
50c
—
-
6%
6%
1
5-15
Extra
(quar.)
4-20
$1
$4.50
Quarterly
;
common
5-
15c
&
3-31
(initial)
(quar.)
Penmans, Ltd.,
1
3-31
J20c
(quar.).
class A
Wilson
5-
3-20
(quar.>
class A
$1%
11'
•
/:,
4-15
6%
1
35c
class A
(quar.)
(quar.)
Water Co.,
4-15
________
$1.40
7-158
(quar.)__
■
37 %c
Corp.
_______________
Southern
y
4-
Oil
..
&
$1.40
3-31
Extra
37 %c
'4-15
(quar.)_
$1.40
8-1
■
34%c
3-15
•-^25c
Enterprises Consolidated—
'..■•i American
shares
(reduced)Peninsular Telephone, common
(quar.)
Common (quar.)
*__._
•
Wichita
Whiting Corp.
3-20
6-15
4-15
Parke, Davis & Co.—i__—
'+'
3-25
4-15
Co.'s,
(quar.)
5-15
4-15
3-31
6-30
25c
.
Common
4-29
1
37 %C
4-15
7V2C
V
Pacific Portland Cement, 6%% pfd. (accum.)
$1
Pacific Public Service, $1.30 pfd. (quar.)^__ r t 32'/2c
'Pacific Tel & Tel.; 6% preferred (quar.)____
i. $1.50
^Packer- Corp. (quar.)___'_
25c
i
Mines
37%c
-
pfd. (quar.)
3-31
1
Producing & Refining—_—_li__
Inc.," 4% preferred (quar.):;"
4-15;
Electric, 7%
$$2
,__w—
1
preferred
4-
I-—-
-
Lighting Corp., $5 pfd.
Patino
$$1.62%
*
5-
$$2
Penn
5-15
6-
1
37%c
$1.75
preferred
preferred (quar.)
4-20
-
-Paraffine
75c
$1.25
•
1
9
$1.75
conv.
4-25
(quar.)_____
(quar.)_______i___<___
Ltd._-________
1>
9-
12-
(quar.)
preferred (quar.)
Western Union Telegraph, class A
Westvaco Chlorine Products, $4.50
4-10
6-
12-
9'
9-
•
$1.75
Extra
6-10
1
9-211
12-23
6-10
■'
$1.75
(s-a)
Manufacturing Co.,
4-15
—_____
'Panhandle
3
2
1-2-45
'
$1.75
:
(quar.)
preferred
$$1.50
Corp. of California—
preferred (quar.)
5%
common
AAA
Premier
(Howard) Paper Mills, 6% pfd. (quar.)
Pitts'gh Water Co., 4y2% pfd. (quar.)
Southern California Edison Co.i Ltd.—>
>5% original preferred (quar.)
*_
5 y2 c!o
preferred C (quar.)
Pacific Finance
Pacific
3-31
5-
10-
62%c:
I
Michigan Steel Foundry—
$1.12%
(quar.)
Terminals
Electric
Co.,
preferred
Simpson's Ltd., 6y2% preferred-*.—
6Vz% preferred (accum.)
3-31:-
4-19
7-
6-211
preferred (quar.)
(quar.)
Western Breweries, Ltd.
Western Grocers Ltd., common
(quar.)
4-30
$$1.75
■VV
4-14
1
62 %C
(quar.)_*.1
7%
•
1
7-
1
6%
$15c
*
&
West
West
Canada—
preferred (quar.)
4-
5-
1
Sinclair
Aircraft, Ltd., common
Coast
7%
4-10
4-15
4-15
$1
62 %c
6-
$1.75
5-25
17%C
6-
Smith
__________
Gas
of
3*
5-25*
$1.25
3-31
$1.25
(quar.)
(irregular.)
Common
Pacific
3-31
$2
3*
7-
6-10
$2.50
3-31
preferred (quar.)
Orange Crush, Ltd.—
•
70c conv. preference
(accum.)———
Pacific
4-10
$3c
4-
7-15
4-25
conv.
4-10
3-31
$22c
______
4-15
40c
4-25 1
4-20
7%
v
$1
$1
5
3-31
5-10
Wentworth
4-20
$1
________
Common
Silbak
'
Car &
1
3-31
4-15
$1.25
7%
4-15
4
4-15
••
5-10
4-20
United
'Ottawa
5-
$1
4-
.
$1.25
(quar.)____
Wellington Fire Insurance
50c
5-26
4-11
$1.25
South
Filters, class A (quar.)______
Silknit, 7% preferred (accum,) ii,Ontario Steel Products, com. (interim)—,
.
(quar.)
4-10
9
$1.12%
$1.12 y2
—
Ontario
j
4-20
Corp., 6 % preferred___
preferred
conv.
7%
.
3-31
4-25:
1
Gas
Sherwin-Williams
3-28
4-25
8-
Oil &
Sherwin-Williami Co.
,v".
3-31
•
t$1.50
,1
5-
_________
Shawinigan Water & Power (quar.)
Sheep Creek Gold Mines, Ltd. (quar.)
3-31;
50c
t6c
$1.12%
6-
50c
7% preferred, (quar.)
preferred (quar.)
4-10
4-10
4-15
9-11
(
IT
1
4-20
pfd. (quar.).*:.
preferred (semi-annual basis)
Grape Juice Co.—
5%
4-20
5-
5-
8-31*
11-29*
—_i__
preferred
Welch
4-30
-15c
;-v
(reduced)
5-10
10c
3-31
>'
:
$2.50
$2.50
20c
4-15
4-14
>
3-31
50c
,
(s-a)
(accum.)
preferred
5-31*
9-20
12-20
$2
Washington Ry. & Elec., 5%
3-31
4-15
Shamrock
4-15
4-14
•
$1.75
:'f
4-15
$5
4-15*
30c
Tobacco, common (quar.)__
Knitting Co.; 5% prior pfd. (quar.)_*
$4.50
4-15*
.4-10
s
40C
(quar.)
preferred (annual)__
Washington Gas Light, common
3-31
3-20
40c
4%»%
3-22
25c
'
.
common.
Vulcan Detinning Co., 7% preferred
Wabash Railroad
Co., common
3-31
4-15
1
1
4-14
,■
>•/
4-15
•
1
Colony Trust Associates—
Oliver
preferred
'
1
Security Title Bldg., $7 partic. pfd. (accum.)
Shaffer Stores, common (resumed)
5-1
-
37V2C
:
5-
3-22
20c
_j_'
■
(quar.)___
Paper, $4.50 convertible pfd.
$4 preferred (quar.)
V Seaboard
Surety Co
____^
Security Storage (Wash., D. C.)
(Minn.)—
1st series trust shares
Paper Mills, 6% pfd. (accum.)
(quar.)^___^_—_____________
Diego1 Gas & Electric—
Convertible
4-22
8-
25c-
y
5-10
4-20
:
16c
(quar.)
Corp.
Match
$1
$1.75- ;:<
;
(accum.)
Ohio
3-31
$$1.75
,Schenley .Distillers1 Corp._
Schulte (D. A.) Inc., conv. preferred
4-15
4-15
'
75c
>
(accum.)
Nu-Enamel
3-31
-J
6-20
preferred A
$1.31^
preferred
-preferred
Power
1
5-1
59o
(Del.)—
7%
6%
Northern States
5-
$50c
Common
v
——_
:
4-15
$35c
40c 1
87%c
preferred (quar.)
Virginian Railway, 6% preferred
6% preferred (quar,
5
$25c
•
1
5-15
_
7%
3
4-
4-15
__
com.
2
4-
4-15
4-15
common-(irreg.)_
Power,
4% pfd. A (accum.)___
Mills, common (quar.)_
4-15
$1
1
(quar.)
_
25C
;
1
Service—
(s-aI
5
5-
common^..:
preferred (quar.)
preferred (quar.)_______
7%
7
6-
5-
5%%• -'preferred (quar.) ————._i_.
Northern
4-
6-15
1
5-
(quar.)__
5% prior preferred (quar.)
5% prior preferred (quar.).^
Vapor Car Heating, 7% preferred
7% preferred (quar.)
'
^____
Inc.
(quar.)
4-15
25c
5-
50c
Universal Leaf
7.
$1.75
—
preferred (quar.),.*.;
(quar.)
4-
25c
50c
$5 preferred
(quar.)
preferred
Utica
4-15
-
4-15
$1
68%c
(quar.)
Public
1
15C
$75c
*
Corp.; common
preferred
conv.
Northern
5-
$1.62%
,_____v
Lawrence
v-
prior preferred
4-10
6-12
(quar.)_
4-19
(quar.)__*
United Stockyards Corp.—
70c conv. preferred
(quar.)'-.-,!*.5!
5-20
1
Sanborn Map
(accum.)—.—
Northern Illinois
4-20
San
•'
(accum.)—
North American Life Insurance,
4-15
3-31
Corp.—
5% %■, preferred
1
$1.50
j
preferred
6%
4-15
5-
1
Scott
Investment
$5
6.4%
3-31
Co.—
American
6-15
9-15
1
7-
1
(accum.)
Sugar 'Corp.*
1
1
5-
25c
:
7-
5-
(irreg.i_.
(quar.)
preferred
preferred
S.
10-
•
3-31
68 %C
(quar.)__
Smelting Refining & Mining,
79b
$1
:
4-15
partic. class A
conv.
&
prior
50c
-
6-
——
preferred
•
U.
4-15
*
North
12-21
1
$1.25
Railway
12-30
4-10
v
25c
Extra
A
Western
8%
,
1
37V2C
Avenue,
Pipe
U. S.
$1.62 y2
(irregular) ____—_____i
&
6-20
9-20
4-15
'
12c
(quar.)____-.i——:-2—
Auction
6-30
9-30
4-17
$1
Telephone (quar.)—
Newberry (J. J.) Realty 6% pfd. B (quar.)
6%% -preferred A (quar.)—
Newport News Shipbuilding & Dry Dock-^
Russeks Fifth
4-15
$1
'.
<'
$1.75
(quar.)_______
Manufacturing Co., common
Ruud
■
4-14
75c
,
i2yac
,7%. preferred
1
4-
4-1
Bedford Gas & Edison Light Co. (quar.)
preferred
4-15
'
5-
(quar.)__
Inc., $6.50 preferred
Co., common...
4-
"
4-10
$1.75
(quar.)
Typewriter
4-15
New Brunswick
York
Roos Brothers,
8*
4-
>
4-15
'
5-1
Leather,
S.
of Ret.
4-10
25c
Foundry, common
Common (quar.) •
Common (quar.)
i
j
U. S. Plywood
Corp., common (quar.)___
U. S. Rubber
Co., 8% non-cum. preferred*.
U. S. Rubber
Reclaiming Co.—
4-15
'
1
1
(quar.)______
Pendleton
4-10
—
$5
4-22
preferred
conv.
$1.25
(s-a)
Water (irreg.
Naumkeag Steam Cotton
Neisner Brothers, 4%% preferred
New
Roeser &
25c
Naugatuck
*
$1.50
4-21
1
$2.75
(s-a)
Oats Co., 5%
*
3-31
3-31-
5-
Royal
National
New
4-20
4-20
v
'
$1.31 y4
$2 preferred (quar.)___________
Rochester Button, common (quar.)^
15c
Money Corp.; $1.20 preferred-™.;:*
5%%
3-31
35c
U.
Holders
Payable
$2.50
25c
Industrial Chemicals
S.
$1.75
Rhode Island Public Service, Class A
Corp.—
National
National Tea,
4-15*
$1.50
(quar.)
National Malleable & Steel Castings (reduced)
National Manufactures
4-15*
1
35c
(quar.)
—:
5-
12 v2c
1
4-15
4-20
5-1
S.
Wnen
share
^
RR. & Canal
Extra
U.
!
5.
15c
1st and 2nd preferred (quar.)
1st and 2nd preferred (quar,)_
7%-
U.
1
2
i2yac
Reynolds (R. J.) Tobacco—
7%
1
8-
1
5-
15c
5-
25C
;
(irregular)
(irregular)
Common
4-21,
5-
11-
1
m-
.
•
50c"
—
preferred B
'
1
9-1
N. J.
(quar.)
5
U. S. Fidelity &
Guaranty Co. (Bait.) (quar.)
U. S. Hoffman
Machinery—
5'%%
conv.
preferred (quar.)
4-20
12-
30c
common____^_
United
3-30
1
6-
40c
20c
v
common...
(s-a)
Funding Corp., class A
"
National
•7-22
2c
Products,
Fuel
National
1
4-10
40c
—;
4-13
5-
40c
—
Common
1
(quar.)
(quar.)
Manufacturing Co.,
Republic Investors Fund,
6% preferred A (quar.)
6% preferred B (quar.)
Machine
5-
(quar.)
Name of Company
1
„
3-23
5-11
50c
Copper & Brass, 51A% pfd. (quar.)_
preferred (quar.)
Reymer & Brothers, common (irregular)
4-15*
"8-
(accum.)
$1.60 pfd.
rer
of Rec.
4-13
;
5c
1%
4-
5-1
Payable
50c
25c
A.), $2 preferred A
1483
Holders
'
'
Revere
4-15
4-15
__—
preferred class A
5%
<
v
50c
2c
National Food
share
,
(irregular).
Reliance
I2M2C
.
Co.
preferred
preferred
$1.60
3-30 ;
!
(C.
$1.60
.
.3-31
■j, 2c
\'
■'
(quar.)
Pump
Regent Knitting Mills,
3-31
1
75c
_
National Department Stores, com. (quar. )__:■■■
Distillers Products (quar.)___.—__
Electric
Common
-
"3-10*
-
5-15
50c
.-
_
(quar.)—
National
National
>
(quar.)___.L_^_.:____*.
convertible preference
$3
*
'
:
.
'
National Casket Co.,
National
Name 0} Company
,o/ Rec.
•Reading Co., 4% non-cum,. 2nd pfd. quar.)^_
Q'/o
6%
*
Payable
ifr
America—
When
make
—
.1%
—
14.7%
indus¬
:
8,878
—
2,287
—
4,440
/
Monday, April 10, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1484
Stevens
Dillon
Foreign Exchange Rates
world.
31
MARCH
Noon
Unit
Country and Monetary
s
Official——-——
-297733'
*251247
3.223000
—
Free
Australia, pound—..—————
———
'
Brazil, cruzeiro—
^OmoTaf0""!
Free
.060586°
.051275°
.051275°
.051275*
.909090
.909030
.909090
.909090
.893750
.896562
.893750
.894375
.893750
.572766°
.572766*
.572766°
.572766°
.572766°
:——-
—
4.035000
4.035000
4.035000
4.035000
4.035000
India (British), rupee
.301215
.301215
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.205820
.909090
.909090;
.909090
.894583
.891250
.891875
.891250
.891250
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
—•
.205820
Newfoundland, dollar—
.
891458
:1
pound——o'connnn
South Africa, pound
———
.
J.98uouo
New Zealand,
Uruguay, peso—
,
Controlled
3.980000
proximately $12,000,000
$5,000,000 series F 4'/2%
lative
.658300°
.529600°
Noncontrolled—————-—.529600
Member Banks
Old Colony RR.
116
Mohawk
60
The condition
stock
5
$157,000,000 in total loans,
.$241,000,000 in holdings of Treasury bills, $227,000,000 in
reserve balances with Federal Reserve Banks, $200,000,000 each in demand deposits adjusted and United States
Government
deposits, and
$299,000,000 in deposits
50
declined
the total decrease was $65,000,000.
dealers for purchasing or carrying
United States Government obligations declined $48,000,000 and other loans for the same purpose declined $40,-
certificates of indebtedness
ings of Treasury
8
/•
$100
$100
York
liabilities of re¬
of debits to demand deposit
of dollars)
(In millions
3-31-43
3-22-44
3-29-44
Assets—
—389
+
10,621
—157
Investments—total—————- 52,102
Loans—total
*
'
11,018
Commercial, industrial, and agricultural
loans—
•
—
6,305
Loans
to brokers
and dealers for pur¬
chasing or carrying:
U. S. Government obligations—
861
Loans and
+
1,562
65
V+
..Other securities
Other securities
—
—
__
Loans to banks—
■
Other loans—
——
152
'
—
508
3,917
+
+
3,054
22
+
4,205
17
—
39
—
Cash in vault—
+
—
_
Balances with domestic banks
10
+
2,907
8,294
552
2,001
Banks.
Reserve with Federal Reserve
—227
322
930
—
52
+
3
.+.
73
—
1,287
—
deposits
___
U. S. Government deposits
_
812
+
22
+
978
—200
+
7,999
+
Interbank deposits:
to
demand
interbank
and
deposit
U.
accounts
the
except
April 3 announced that sufficient
the management to insure adoption
dissolution of the concern.—V. 159,
Mack Jr., President, on
Corp., Lock
Split-Up—-
Aircraft
Piper
Ilaven,
Pa.—Proposed
17, will be asked to
which will result in a 4-ior-l
split of the common stock.
: + *-ZZZl
In
substance. the
plan contemplates transfer of all the paid-in
surplus and approximately an equal amount of earned surplus to stated
capital which will permit an increase in the number of common shares
outstanding from 140,406 to 561,624, following which holders of present
common shares,
upon surrender of their certificates, will'receive four
annual meeting April
adjustment of capitalization
an
for one old
of common
shares
new
the
at
stockholders
The
approve
share.—V. 154, p. 1383.
— Bonds Placed Privately—The
announced March 31, has sold an issue
of $3,500,000 4Y2% Series C first mortgage bonds, matur¬
ing Dec. 1, 1950.
The Equitable Life Assurance Society
of the United States has purchased $3,000,000 of the
issue, and $500,000 was taken by Pittsburgh institutions.
Company, it was
to pay off a long term
Proceeds will be used
bank loan of $1,837,865,
to July 17, 1946, which was incurred for the con¬
by-product coke plant at Monessen, Pa,, and the
remainder will be used for other corporate purposes.—V. 159, p. 642.
serially
struction
of
c
new
a
Pittston
Co.
—
Secondary Distribution—Blyth &
& Co., Boston on Wednes¬
County
81
Middlesex
10
First National
48
Middlesex
1,000
Noyes
Development
1
($10
National Bank
:
mpn;
Eoston
N. H.
(par
(par $10)
$100)I
$10 lot
6
Radio
Corp.
Pacific
America,
5 Shannon.Copper Co.,-unstamped
Athenaeum (par $300)—
Dealer's discount 2 points.—V. 159,
SEC
1954.
burse
in
com-
(par $101 _
$60 lot
310
Co., Los
V
At
for
Angeles—Registers With SEC—
March 29 filed a registration statement, with the
covering $600,000 10-year 5% convertible debentures due Jan. 1,
Proceeds will be used to redeem outstanding bonds and reim¬
The
46
25%
;
Corp.
Corp.:
price of 92 net.
1389.
Plomb Tool
25%
par)
City of Milan external loan 6V2S April 1952; 7
$500
..
Bank
Bank. Somersworth,
County
Whittier
National
31
$ per Share
STOCKS
Shares
March
on
fixed
p.
day, April 5:
764,315
63,632
-
Transport—Tenders—
Service Coordinated
Fidelity Union Trust Co., trustee, 755 Broad St., Newark, N. J.,
12 o'clock noon. Eastern War Time, on April 14 receive bids
untH
for
the
sale
5%%
5%,
4Vc,
of
it
to
6%
and
and
first
refunding
bonds, due Jan. 1, 1990, to an amount sufficient to absorb
purchase fund at prices not to exceed 100 and interest.
at the lowest prices, based on yield to maturity, will
mortgage
$500,000 in the
Bonds tendered
be
purchased
974.
of April
as
fund.—V. 159,
to exhaust the purchase
17
,
Company—Earnings—
The Pullman
(Revenues and Expenses
of Car and Auxiliary Operations)
"MontH* oTJanuary^=
<
1943'
--1944
———
'
Sleeping Car Operations—
Total
_L
revenues
$10,875,802
$9,190,057
8,841,014
revenue
$2,375,637
$408,316
$329,941
310,545
___
—
6,814,420
$2,034,787
Total expenses
—
243,862
—
,
net
$97,771
$86,079
* $2,132,558
1,677,814
revenue
$2,461,716
2,061,514
____
revenue
accrued
Operating: income
159, p. 1390.
$400;202.
$454,745
——
(& Subs.)—Annual Report—
Pure Oil Co.
Years Ended Dec. 31
Consolidated Income Account,
1943
operating
Costs,
operating & gen.
Taxes
—
—
$
Total
25,361,739
1,477,468
25,008,220
2,336,343
income
__________
27,476,783
26,839,207
27,344,563
and depletion ____
482,508
12,585,670
534,088
654,000
12,009,109
414,272
459,125
10,992,282
—
13,874,517
3,908,607
2,985,765
13,761,826
3,908,796
1,990,503
15,285,255
3,908,136
1,990,494
on common___.
$2.50
.....
deductions
deprec.
for
.
25,954,344
1,522,439
income
Other
Prov.
expense
income....
operating
1941
$
1942
136,248,478 123,301,315 112,863,385
100,005,086 87,816,632 80,109,985
10,289,048 *10,122,944
7,745,180
income
Gross
on
company
treasury for funds
loan.
the
1943
'
dividends
dividend
the company stated that consolidated
681 as against $6,360,967 in 1S42.
meeting
$10,277,
sales
——
Earnings per share
$196,120
taxes
income
•Including
and
$1,961,200
excess
Consolidated Balance Sheet, Dec.
Assets—Cash
cost),
607,901
$2.47
profits
$2.86
tax
less
post-war refund.
banks,
in
$1,150,180;
31, 1943
U. S. Government securities (at
(less reserve for doubtful receivables of
$14,399,880;
receivables
$696,485), $13,990,481; inventories, $23,530,828; investments, advances,
etc.,
$13,145,066; property, plant, equipment, leaseholds, rights, etc.
(less reserves of $18,419,947), $132,114,258; contracts, rights, patents,
trade-marks, etc., $19,607,619; prepaid and deferred charges, $1,172,657;
total,
$219,110,969.
;
Liabilities—Purchase
obligations,
:
etc.,
ZZ
;
•
$525,382;
accounts
payable,
advance
from U. S. Government agency on sales contract, $1,050,000; accrued
liabilities, $1,940,649; provision for Federal income taxes (less U. S.
Treasury tax notes, $3,354,032), $5,607,420; deferred purchase obliga¬
tions, etc., $2,829,457; reserve for replacement of equipment, $1,695,961;
minority interests in capital stock and* surplus of subsid., $2,407,155;
cumulative
preferred stock
(par $100), $72,543,100;
common stock
(3,982,031 shares, no par, assigned value $10 per share), $39,820,310;
paid-in surplus, $28,207,088; earned surplus, $50,626,503; total, $219,dividends
$10,880,789;
110,969.—V.
158,
p.
payable
January
1,
1944,
$977,155:
2195.
Radio-Keith-Orpheum
Corp.—Listing
Common Stock—
,of Additional
;..ZZ";:ZZ.'Z,
-'Z
authorized the listing of 150,000
stock (par $1), on official notice of issuance,
on
the exercise of the options making a total of 6,608,133 shares of
common stock applied for.
' Z-Z"ZZ
The board of directors determined last summer that it was to the
benefit of the corporation and its stockholders that the three prin¬
The
New
York Stock Exchange has
additional shares of com.
cipal executive officers, who together supervise all important aspects
of its business, should be granted options to purchase common stock
of
the
might
of
the
at a fair and reasonable price in order that they
the opportunity to obtain an ownership interest in the
These three officers are N. Peter Rathvon, President
and Chairman of the board of its. principal picture pro¬
corporation
have
corporation.
.
annual
were
used to retire preferred stock and reduction,
!
Income
Preferred
interests—
to min.
applic.
Income
Co.,
made a secondary distribution of
$300,000 20-year 5V2% cum. income debentures, at a
Inc.,
Transacted by R. L. Day
Public
will
Common
Four-for-One Stock
maturing
13,191
during week
$1,412,193
747,747
$122,256
55,816
requir.-.
1151.
1151.
18
—.
accounts,
Gov't
S.
97
+
15
+
1,159
—
2
—
847
84
*
Borrowings
Debits
—299
8,036
Domestic banks
Foreign banks
Corp.—Dissolution Favored—
Pittsburgh Steel Co.
—200
32,660
6,429
10,293
;
deposits-adjusted
p.
Net
487
—
■*
Liabilities—
Time
1
—
33
+
81
+
—241
653
Other securities——L——__________^
of
536
+
—
3
—
18,026
■
—
Obligations guaranteed by U. S. Government
Demand
S
.4
—
___
U. S. bonds
div.
Net
1
—
——_
——
1290.
p.
■■
3,247
certificates of indebtedness—
/ 8,910
notes—
—
7,251
Treasury bills——
New York attor¬
40)
—
579
301
1,081
55
1.215
U. S. Government
Real estate loans—
865
+
$1,430,106
$107,504
income
159,
Total
Iron Co.—-Amendments
filed by Archibald Palmer,
have been received by
plan of liquidation and
p.
purchasing or carrying:
obligations—
Other loans for
159,
S.
94,900
$
Phoenix Securities
proxies
4)
+
621
——
—-
48|
131,000
533,100
45,600
Total revenues
Lober,
Louis
Walter
—
554.034
150,400
amort,
of
—-V.
Other
—
448,900
—V.
dismissed "objections
Court.—V.
34,600
70,100
tax
Total expenses
refunding bondholder and Lawrence Schrager,
a
debenture
holder,
that the amendments materially changed the
plan. Mr. Palmer said he would take an appeal to the U. S. Circuit
393
—
$3,157,677
965,500
shares.
common
for
877,726
Auxiliary Operations—■
and
Federal Judge William Kirkpatrick at Philadelphia on March 27
approved the amendments proposed March 14, by the company and
the four major bond holder committees for the reorganization of the
company,
which provides for the distribution of $6,335,695 in cash
at the time of reorganization in addition to new income bonds and
ney,
$3,438,232
81,706
29,000
profits
Preferred
Taxes
Philadelphia & Reading Coal &
He
Decrease ( —) Since
Treasury
.
$230 lot
$11 lot
$11 lot
(Continued from page 1452)
new
$284,162
(Nor¬
disct. and exp.
debt
of
Net
Increase (+ ) or
Treasury
$350'paicLri--C—I'-__i—$200 lot
Approved—
of the principal assets and
A summary
306
Surtax),
Acceleration
$600 lot
—
deposits adjusted declined
porting member banks, and
accounts, follows:
:;:
and
Bicksler, 6%
General Corporation
Chicago District.
$3,165,420
Drl,143
68,514
Taxes
excess
Net
$270,000,000 in the
Chicago District and $200,000,000 at all reporting mem¬
ber banks, and increased $127,000,000 in New York City.
Deposits credited to domestic banks declined $177,000,-.
000 in New York City and increased $41,000,000 in the
•
bond
estate
estate bonds in estate
and Charlotte E.
Katherine N. Loughran,*6% estate bond————Ha^elhurst Water Co., 1st ext. 5s 1937—————.
Hazelhurst Water Co., 1st .ext. 5s 1937
_
._w_
$1,000
mal
p.
Washburn, 30%: paid
Cadwallader C.
•
$1,000 JBhilipJJ.ogers. Connor
City.
Demand
Kelsey, 6%
Cadwallader W.
$3,000
increased
declined $17,000,000 in New
M'A '
10%
S3 lot
$1 lot
BONDS
Hold¬
$110,000,000 in New York City and $33,000,000 at all re¬
porting member banks, and declined $55,000,000 "In the
Chicago District.
Holdings of Treasury notes declined
$39,000,000. Holdings of United States Government bonds
increased $30,000,000 in the Cleveland District, $16,000,000 in the Chicago District, and $22,000,000 at all report¬
ing member banks, and
$ per Share
STOCKS
30
$3,436,853
Drl,123 Z
1.379
4,914.815
$275,118
income
Inc.
The
Bank of Scranton, Pa.—
—
Scranton Lackawanna Trust Company—.
Scranton First National Corporation
^
—_
John Warren Watson Company, common.——
1
$285,285
Deductions
Fed.
Philadelphia on Wed¬
First National
8
000,000, both largely in New York City.
Holdings of Treasury bills declined $157,000,000 in
New York City, $42,000,000 in the Philadelphia District,
member banks.
& Loi'land,
nesday, Aprii 5:
Shares
1,247,792
$274,812
income..*,,.
Non-operating income,,
Net
and general stamped
1947——————$6,/a lot
Street Rwy., 6s, 1947
—
—
— 89 & int.
;^:+; 1
-V-. ;■ ZZ:"Z+ZZ ZZ.';
Transacted by Barnes
1,19.1,514
PerCenfc
Golf Club, reference
Berkshire
$1,900
5,104,247
103,981
than Fed.
oper,
Fed.
$25 lot
412,370
99,922
Gross
$400 lot
49
475,150
expenses,..
(other
Net
1944—12 Mos.—1943
$9,732,614 $9,328,027
$801,636
income)
.
May 1,
4s,
and
$241,000,000 at all reporting
50
(par
Woodland
$200
Loans to brokers and
and
(par
(par' $25);
BONDS
banks.
industrial, and agricultural loans
part paid
Pere
$100>
——
—~
Fall River Electric Light Co. (par $25)
i—i—
Victoria Copper Mines Co., stamped $14 paid in (par
$25); 100 Raven Copper Co. (par $1); 25 Park Utah
Consolidated Mines Co. (par $1)
—
10
$100);
of
(par $100i; 3
Mining Co., stamped
common (par
Marquette RR. Co,, common old
&
Chicago
$ per share
Franklin Co. (par $100i;
STOCKS
Hungarian Copper Co.
Northwestern Rwy. Co.,
100
$25);
statement of weekly reporting member
banks of the Federal Reserve System in 101 leading cities
shows the following principal changes for the week
--—
Hampshire—Earnings—
1944—Month—1943
$849,884
revenues
Operating
/^ Commercial,
in all districts
Terre
Public Service Co. of New
Taxes
/
Shares
credited to domestic
of
Jr.,
Hulman,
Period Ended February-
•Nominal rate.
March 29: Decreases
Director-—
of Indiana, Inc.—New
Haute, Ind., has been elected a
director, succeeding Stuart J. Barrett of Chicago, 111.—V. 159. p. 1151.
J.
Operating
enaed
first mortgage serie^ E 5% bonds, due 1956;
bonds, due 1961; 29,182 shares of 7% cumu¬
and 34,602 shares' of 6%
preferred stock.—
Service Co.
Public
Anton
.529600°
.529600°
.52.9540°
.529600°
—
Condition Statement of
stock,
preferred
.658300°
.658300°
.658300*
.658300°
—#
,
formed in the
is reported, are being
it
banking groups,
V. 159. p. 1151.
„AAn„n
OKjgai—
Expected—
Potomac Electric Power Co,—Refunding
Investment
expectation that company may shortly undertake a refunding of its
outstanding bonds and preferred stcck through sale of new lower cost
securities at competitive bidding.
The company has outstanding ap¬
.909090
.909090
on?oi =
Mexico, peso——————
being
.060586*
.060536*
.050506°
.051275*
3.228000
3.228000
3.228000
3.228000
.909090
"peso.
England, pound sterling——„——————
Union of
.2^1247*
.051275°
,909090
.893906
-
Colombia,
.297733*
.251247°
.060586®
'
n..ncor
S
.
.297733°
.251247°
.251247°,
.251247°
3.228000
together with the statement that agencies ,
established in every Central and South American
ZZ-". ■■.■■■..
Z'Z+'Z.:/• ' " <Z .
■ Z Z
Started in Los Angeles in a small way, the organization now has
plants and warehouses in Chicago, 111., and Portland, Ore., with ware¬
houses in New York, N. Y.; Atlanta, Ga.; Dallas, Tex.; Kansas City,
Mo., and Pittsburgh, Pa.
There are more than 2,600 dealers in the
United States handling Plomb products.—V. 158, p. 1476.
by DiUon Stevens,
republic.
$
$
civilian and
for
available
are
are
now
April 6
and South
invade Central
to
tools
nounced
.'Z/'Z.:!
.297733°
.297733*
.297733°
Plans
as
April 5
the Treasury Departmemnt.
America in a large way as soon
export use have just been an¬
awards and the war bond pennant from
New York
April 4
::%?
$
April 3
S
J
,
field
the
1
■
Buying Rate for Cable Transfers in
Value In United States Money
April 1
March 31
Z
Argentina, peso—
TREASURY UNDER TARIFF ACT OF 1930
INCLUSIVE
APRIL 6. 1944.
TO
north and south, celebrated
of making automotive
east,
is now cer¬
transfers in the different countries of the
Secretary -of the Treasury the buying rate for cable
We give below a record for the week just passed:
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO
started in Los Angeles and spread
the 25th anniversary of its start in
tools.
The company was acutally
founded in 1907, but its primary functions were modified in 1919 to
specialize in automotive tools.
Today the company is making a high
percentage of all hand tools for the Army Air Forces.
Its plants
in Los Angeles, Portland, Ore., and Chicago fly the Army and Navy E
the company which
4,
April
On
1930, the Federal Reserve Bank
522 of the Tariff Act of
requirements of Section
Pursuant to the
tifying daily to the
reelected chairman of the board and Morris B.
Other members of the board were reelected.
was
President.
Pendleton,
corp.
ducing and
distributing subsidiary, RKO Radio Pictures, Inc.;
Ned E.
Volume
159
Number 4271
THE COMMERCIAL &
FINANCIAL CHRONICLE
Depinet, a Vice-President of the corporation and the
President of
Pictures; and Charles W. Koerner, the Vice-President of Radio
Pictures in charge of
production.—V. 159, p. 1152.
The
Radio
average profit
with 3.4%
1941.
As
Railway Express Agency, Inc.—New
Monthly Records
pany's
during
for
ments
was
2,868,093
Gross
year.
1942
airlines
totaled
137,445,
pounds,
rise
a
of
16.3%.
Weight of
ship¬
taxes
was
3.0%
up
of
post-war
1943
of
tax
refund.
This
the
had
earnings
by $76,000,
contingencies which
company's
the
Sumner Simpson,
sales
Post-war
An
extra
dividend
dividend
of
25
of
cents
cents
25
share
per
share
per
have
have
been
addition
—V.
paid
each
quarter
since
159, p. 219.
the
usual
declared
'
A.
Calvin
Mr.
elected
Corp.—Changes in Personnel—
President
of
the
company.—V.
158, p.
income Account for
Calendar
•Sales"™
Other
___™_
of
goods
has
been
Chairman
and
Selling, general and administr.
exps.
Provision
for
10,332,300
3,913,067
66,540.349
of
the
25,
Net
income
at
498,638
495,478
14,000,000
Cost
1,030,020
§24,100,000
2,500,000
4,000,000
1I13,376~000
3,578,342
3,354,024
of
Net
9,583,950
8,698,956
on
6%
Dividends
on
10,418,672
tSurplus at
Common
8,698,956
*Net
the
shares
Earnings
stock
221,088
stock.......
common
2,247,942
10,693,262
9,583,950
end
pfd.
of
year
outstanding
surplus
and
and dividends paid,
§Of
the
profits
total
tax
is
net
profit
$0.38
for
profits"
Federal
taxes
on
income,
the
after
tax,
the
against
war.
which
Excess
the
Government
will- issue
bonds
Treasury notes
(trade)
S.
(tax
accounts
Government
receivable,
accounts
in
&
Post-war
tax
advs.
in
to
50%
credit
100%
Miscellaneous
investment...
and
to
69,130
l
_______
Due
14,898
war
27,235
facilities,
;
Accounts
U.
S.
payable
Govt,
and
accrued
liabils,
_•
_
banks
contracts.....
payable and accrued liabilities
11U. S. .Government contract
advances.:.;
to
receivable
Foreign government and other contract deposits
Liability to U. S. Govt, resulting from renego¬
of
war
materials
Fed.
reserves
562,374
Reserves
6%
for
contingencies
cumulative
Common
stock
($100
par)....
•
Surplus
Government
tLess
reserve
1943.
in
1942
and
contracts.
7,493,140
Gross
Net
income
consolidated
&
________
(est.____
excess
for
doubtful
*
$9,352,119 in
accounts
of
1943
restricted
in
to
and
$32,960
1943.
reserve
Ruscoe,
named
was
division,
Shamrock
charge
of
production.
by
Harry
.
A,
Leedy* who has been Produc¬
eight years, becomes manager of
past
and
newly
manager of the newly-created rubber and
will be in charge of production and
and
Oil
related
develop¬
except
&
tires
Gas
C.
and
tubes.~V.
159,
643.
p.
Corp.—Sale of Gas Leases and
Fownes,
the company
Petroleum
Co.
2nd, President, in a letter to stockholders disclosed
has recently sold certain of its capital assets to
Phillips
for
The property
v
louses,
gas
total
a
sold
conspiration
of
$2,905,107.
consisted
together
with
and connected to lines of
central Moore
92,458
5,697,252
175,985
of approximately
15,000 acres of sweet
producing wells located on the property
Panhandle Eastern Pipe Line Co. and
approxi¬
25
157,186
mately 21,000
425,389 ■V-.'i 398,154
4,110
5,843
177,749
415,169
of
acres
undeveloped
sweet
County, Texas.
leases,
gas
approximately 5,000
V. 159, p. 1390. "
Shell
.
Union
of
acres
Oil
sweet
proven
all
situated
in
'
;
.
The Shamrock
corporation retained one-half of
by it on the acreage assigned and retained six
oil rights owned
any
sweet
leases
gas
wells
gas
in
thfe
and
area.—
Corp.—Unit Promotes Two—
The
Shell Development Co. on
April 3 announced that Hiram NorManager of the New York office, and A. J.
Johnson, head of the
engineering department, have been elected Vice-Presidents of the com¬
.
'
Mr.
316,481
201,222
111,927
2,385,802
5,613 994
Operating
320,795
will
continue
to
have
his
headquarters
in
San
976.
p.
February—
Co.—Earnings—
1944—Month—1943
Operation
23L853
1.953
188,738
315,060
309,939
309,939
13,276,396
revenues
$190,566
76,536
68,171
7,009
8,415
20 983
22,150
250,894
23,000
25,203
268,721
Maintenance
General
1944—12 Mos.—1943
$216,970
taxes
Fed.
norm.
Fed.
excess
&
$2,559,949
$2,541,591
931,280
937,406
137,928
.
125,175
248,722
■
'
surtax.-
56,099
354,882
$42,534,503
$13,103 in 1943 and $17,826 in 1942.—
;V". /' /'■
Retire,
1943
1942
1941
$1,679,309
$1,534,547
871,443
993,538
income—
230,577
411,143
$1,085,252
538,948
379,705
Other income
Gross
3,318,138
3,004,914
2,082,245
1,464,137
1,688,327
1,838,631
982,317
633,746
.424,446
772,241
694,376
443,324
312,328
tax
19,980
1,044
141,947
accruals
13,939
13,864
167,162
$55,522
$51,720
$662,017
305
119
7,101
3,663
$55,827
$51,839
$669,119
$651,350
8,564
8,373
102,071
102,540
$47,263
$43,465
$567,048
$549,310
210,000
210,000
(net).
income
Income deductions
income
...
Preferred dividends
Common
—V.
dividends
159,
270,237
income..
oper.
$715,601
,
profits
reserve
Net
railway™
railway—..
oper.
159,
Sierra Pacific Power
Period End.
1,362,589
36,948
of
Johnson
Francisco.—V.
2,541,752
r
1944
from
January 1—
Gross from
railway
Net from
railway
rent liabilities.—V.
in
1942
and
$98,969 in 1943, included in
cur¬
159, p. 2196.
(R. J.) Reynolds Tobacco Co.—Sales
Higher—
Sales of Camel cigarettes in the
ahead of the first three months of
,
meeting of stockholders held
Rheem Mfg.
Herbert H.
to
145,266
166,597
<
$648,187
291,403
1390.
p.
216,041
financial
not
be
statements
available
annual
three
1943, it
April 4.—V.
months
was
159,
stated
p.
of
at
1944
for
meeting
on
not
distribution
was
to
therefore
been
■J
the
completed,
February—
Net
the annual report and the
submitted."—V. 159, p. 1080.
and
until
to
maintain
Abraham,
the
ry.
probably
will
prior to May 1.
May 20, 1944, -at
company's financial statements
—V.
1942
1941
$7,944,990
$5,060,640
$4,059,320
2,560,896
2,820,351
939,741
1,873,877
1,217,619
1,096,871
strong, financial
Working capital at the
.__
17,833,102
5,183,599
2,816,556
15,735,031
10,480.879
adm.
and
292,409
283,166
1,263,375
1,524,591
1,279,105
$470,232
$892,246
gen.
;
Operating profit..
Other deducts, (net)
Prov. for Fed. inc. tax_
$1,112,415
$503,383
Cr9,236
155,026
Cr4,393
Cr3,379
150,000
375,000
395,000
123,375
$329,468
2,487,843
2,047,916
2,091,337
1,525,375
profit.
8,446,358
5,235,180
3,427,623
$362,220
$721,808
$383,387
Comparative
Condensed
Balance
Gross
Net
ry.
oper.
income
January 1—
Gross from
railway.—.
Net from railway—
ry.
cper.
prop.,
plant and
equip
The
under
SEC
the
withdraw
the
New
session
on
p.
Lace
March
31
Securities
its
common
York
Curb
$121,473
57,702
22,680
22,684
*10,737
83,514
663,465
348,653
262,011
343,447
102,907
85,677
164,303
294,347
279,681
$8,938,799
Liabilitiesliabilities
Deferred
Capital
$629,899
income
43,073
*22,224
Co.—Stock Delisted—
announced
it
Exchange Act
stock
(no
Exchange,
South
/
-
The
that
par)
had granted
of 1934 filed
from
effective
April 10, 1944.—V. 159, p.'643.
the
by
application
company
listihg and registration
at
.
the
-
v
close
of
the
p.
to
on
trading
Coast
cumulative
The
debentures
and
Corp.—Registers With SEC—
corporation
The
$8,938,799
2086r
5%
Corp.
2,503,178
1,931,324
_____
158,
2,750
5,814,325
2,485,150
_____
—
Total
-V.
$618,546
1,950
5,814,325
stock
243,943
33,284 V
4,352,623
$8,931,324
;
Current
Surplus
617,110
1080.
and
1942
$4,306,495
-
income—
159,
$178,777
170,890
23,615
From
Net
$330,043
127,553
railway—
railway.—
1941
$307,705
from
from
31
1943
Total
1942
Dec.
$4,544,286
4,092,691
assets
Deferred charges and misc. assets
Ry.—Earnings—
1943
Sheet,
Assets—
Current
Operating
1944
Scranton
position,
1940
$2,065,654
692,397
159, p. 1390.
♦Deficit.—V.
a
:1943
$8,876,001
Net
income.
oper.
1941
$2,929,415
324,800
Company
1,157,447
.„
.—
income.
oper.
January 1—
Gross from railway..
Net from railway
company,
President, said.
close of
1943 amounted to $8,526,406, an increase of
$745,688 over 1942; current
assets were 6.6 times current
liabilities, and the book value of capital
stock was $42.04 per
share, against $41.15 at the end of 1942.
railwayrailway—
of
From
Net
(The) Ruberoid Co.—Earnings Off in 1943—
company;:continues
ry.
Ry.—Earnings
1944
from
from
1942
$2,480,421
742,669
profit.
expenses
Francisco
St. Louis San Francisco & Texas
shareholders
adjourned
time
of
Louis-San
Gross
1943
$1,565,787
352,886
operating
Depreciation
February-—
j
SIoane-BIabon Corp.—Earnings—
12 Mos. End. Dec. 31—
Gross
Selling,
386.
control
p. 976,
the annual
March 31 stated:
entirely beyond the
have
were
.
income,'.
oper.
159,
St.
Net
Co.—Annual Meeting Adjourned—
Hall, Secretary,
circumstances
the
on
first
ry.
—V.
Net
"'Exclusive of $91,062
The
the
the
6,000,000
13,418,161
2475.
p.
ry.
Net
$36,624 in 1942
'■■■
y'-y'y':
;
•
$10,599,275
Herbert
2,242,742
of the engineering
division, with com¬
increased factory equipment.
for five years manager of the mechanical rubber
of
everything
of
298,534
profits taxes™
___
injury claims, etc™,
employees' life ins. and retirement
deducting
from
Net
9,583,950
reserves for depreciation and
obsolescence: 1942, $17,531,798;
$14,734, 368.',
yy."■
V;
y § After deducting U. S. Treasury saving notes
(including accrued in¬
terest) amounting to $20,123,900.
'
tiLess
charges in process of settlement, $21,837,890 in 1942 and
.
division,
J.
for
production
ment
9,229,880
173,120
not
increases
February—
5,594,701
■: ■-'••-.y-
tAfter
Which
tube
in
Arthur
program
4,000,000
3,985,472
$40,930,801
158,
1943,
will be
new
supervision
William
St. Louis Brownsville & Mexico
Ry —Earnings—
:__™__1_.._ $63,708,554 $102,695,882
♦Including $20,396,938
"Due
10,212,209
2,685,667
1,541,018
3,527,444
From
Total
S.
V.
3,684,800
10,693,262
and
W.
2,525,510
________
Total
2,880,881
3,684,800
13,480,874
month
Vice-President
the
Superintendent
tire
and.
475,430
7,804,701
stock
$1)
tion
1942
______________
for
27,615,737
7,493,140
preferred
(par
874,595
reorganization of the production department of this com¬
place emphasis on increased tire production and
the post-war
of other products, was announced this
Schrank,
plete
$2.88
1943
in
$40,930,801 $42,534,503
taxes
income
for
13,974,064
§5,182,130
3.964,931
,1,306,929
major
Utility
14,000,000
.
$5,045,965
1,422,518
1190.
p.
3,911,360
$19,556,805 $19,556,805
.
accrued
•After
•♦Prov. for awards to
employees und. bon. plan
income and excess profits taxes
(est.)
Pension
$257,576
™™_
457,056
Federal
3,849,404
119,714
for contingencies
Earned
surplus
Revaluation of ore reserves
8,486,235
contracts..
1941
1,944,555
22,943,785
10,403,365
7,072,340
9,820,681
4,087,909
Reserve
4,968,616
13,940,302
....
tiations
$3,481,272
4,820,650
1942
$6,787,574
.
income
products
_______
(trade)
$10)
(par
subsidiary
Reserve
4,755,974
______
1943
24,219,346
railway—
oper.
Under
398,154
4,126,287
payable
Deferred
under
fixed-fee
accounts
P.
$10,279,284 $11,632,974
12,556,005
'920,115
-
Other
Water Service Co.—Preferred
development
pany.
stock
Accrued
Liabilities-
$806,290
497,593
$906,479
Wells Announced—
-v-w—
Wages payable
Retroactive wage
$63,708,554 $102,695,882
(trade)
ry.
A
3,990,533
1,907,226
(Cr).
_________________
Reserve
payable
from
pany to
537,989
270,063
accounts, receivable
charges
505,214
$936,537
1944
6,318,368
and
242,397
$537,452
Seiberling Rubber Co., Akron, Ohio.—Production De¬
partment Reorganized—
52,596
1,400,412
________
accounts
244,922
$536,752
1189.
p.
—V. 159,
156,456
___
S.
Other
Accounts
66,945
-$2.06
of
cost)
Accounts
62,557
429,934
579,587
inc.
gross
from
Net
719,383
3,911,360
in
17,065
$1,404,072
37,860,361
725,796
Liabilities-
9,542,426
45,550
.
x
_
surtaxes.....
™
and
57,201
$1,441,752
from
Net
1942
anticipation notes (at cost)^ 2,660,000Treasury certificates and savings bonds
f
S.
Total
2,600,000
8,707,171
_________
Total
hand
on
Capital
properties..__________
and
from
7,805
$779,850
cross,
profits
Patents, trademarks, etc. (less amortization)__
Prepaid taxes, insur. and other def'd
charges..
taxes
income
S., tax
Deferred
69,145
4,960,000
11,391
28,467
$781,674
_
From January 1—
from railway-—
1943
and
302,938
....
$1,387,007
Gross
38,870,396
share....
per
notes
9,605,227
302,938
$1,384,551
from the hold¬
of $6 cumulative
preferred stock and $5 cumulative preferred stock
the company to
represent such stockholders before the Commission
other agency or court in all
Net
same
43,789
U.
1,555.706
6,939,715
$772,045
railway.
$12,070,087 $11,464,791
railway—.
4,976,925
5,225,719
Net ry. oper.
Jncome—_
1,952,094
3,547,796
ended
the
y..y.J.....
.
Treasury, State and municipal securities
on deposit with
Federal and State departmts.
Post-war excess profits tax refund
Cash in closed banks
11,399,570
co._
excess
;
.....
in
$5,655,626
'♦Notes
281.341
«
company
Brazilian
respect
profits
Inventories
2,413,006
636,408
$753,207
Seaboard Air Line
Ry.—Earnings—
$7,988,019 $12,677,001
1,269,271
939,993
excess
dividends
(at
29,089,700
322,607
1,550,488
etc...
owned English
owned
with
(estimated)
fPlants
advs.,
™_____:__—___
Investment
weeks
47,022
U.
1942
...
receivable
Inventories
Invest,
series).....
641,446
February—
$7,436,612 $12,624,405
profits tax refund
State ' income■
'taxes™____™_'_
U.
Sheet, Dec. 31
receivable
Miscellaneous
excess
Cash
$37,806,977 $37,742,440
States
tAccounts
four
2,512
994,512
Other
•Cash
United
y..
.Assets—
payable
1943
332,472
inc
oper.
159,
Gross
$47,099,749 $51,360,605
__
Capital assets (net)
Investments and advances
excess
profits tax has been reduced by $2,600,000, the
Illncludes $10,415,000 Federal
Balance
The
or
Consolidated Balance Sheet, Dec. 31
estimated post-war credit.
excess profits tax.
y"
Assets—
$2,023,415
319,940
actions, proceedings, negotiations, sales,
reorganizations, recapitalizations, etc., relating to the preferred stock.
A hearing on such
matter will be held
on
April 17, 1944, at the
Philadelphia office of the Commission.—V
159, p. 48.
(& Subs.)—Earnings—
,
from
$23,400,000.
Under the Revenue Act of 1942, the com¬
a
post-war' credit equal to 10% of its 1942 "excess
amount of the
V
y
_
the
with
551,408
♦Including amortization
$64,305 in 1942.
is entitled to
pany
during
compared
as
1943
income
Earnings
operations, less capital losses
ft After deducting $2,360,000 post-war credit,
provision
operation
2,464,
Netincome$4,033,974
discounts, returns, allowances, delivery charges and excise
fResulting from renegotiation of war materials contracts.
J Paid-in
i
ers
of
$
_
normal
Cash
7,493,140
$0.41
inc._
oper.
declaration has been filed with the SEC
by Thos. J. Walsh, Fisher
P. Weaver and Homer Reed
as a
protective committee for preferred
stockholders seeking permission to solicit authorization
133,874,240
profit from operations
Federal
v
$0.44
ry.
A
1944—12-Wks.—1943
$
-;-._-™_.
Federal
221,088
7,493,140
share
per
aveiaged
1944,
sales__
Post-war
of
taxes.
in
stores
Depletion
1,498,628
7,493.140
$2,025,996
Stockholders Committee—
>><*:'
142,705,471
♦Depreciation
7,359,833
12,052,980
221,088
2,247,942
cumul.
61,997
$1,104,518
Scranton-Spring Brook
and
President;
$
Other income
3,058,839
year....
of
Total
in
Sebald
and
Cr300,000
•_
_________
beginning
Dividends
U.
W.
45,343,592
Selling, general and administrative expenses
Capital stock and miscellaneous taxes
787,054
13,162,292
{Surplus
of
sales
Total
"
W.
board
Years Ended Dec. 31—
Net
3,358.428
tt21950"000
contingencies..
Reserve for doubtful accounts
number
St. Joseph Lead Co.
44,930,008
760,612
•
31,512
$1,073,147
Net income
62,627,282
'i687,617
■
inc.
inc.—
oper.
oper.
$2.49
976.
p.
1944—4 Wks.—1943
^47,829,807
period last year.—V. 159, p. 1080.
y
$ —--J-
127,176,106
176,325
Corp,—Changes in Personnel—
named
™
March
1941
112,178,041 137,508,406
80,116,035
87,551,449
3,147,409
3,246,843
________________
sold,
Prov. for depreciation and obsolesc.
Prov. for amort, of
emergency facil.
tProv. for payment to U. S. Govt,
Prov. for Fed. & excess
prof. taxes_
•
159,
Correa, C. R. Hook, Charles S. Payson,
Verity have been elected directors,
Hook
The
16,511,675
-
....
chgs.
U.
share.—V.
per
Deducs.
$988,289
$2.04
___™.
$1.84
$
*
revenues.™.
oper
-
to
Sales
1942
221,978
$1,963,999
$1,963,378
60,037
Non-operating income
$788,289
200,000
81,900
$812,519
share
per
Period End. Mar. 25—
95,666,366
operating
Total
Cost
i
tax..
Safeway Stores, Inc.—Sales Show Increase—
1178.
-
:
profits
„.
Years
1943
ry.
Deds. fr.
Verity, Vice-Chairman and Treasurer; G. D. Moomaw, Vice-Presi¬
dent in charge of
operations; Mr. Correa, Secretary; M. J.
Caden,
Comptroller; J. R. Green, Assistant Comptroller;
George W. Clear¬
water, Assistant Treasurer, and F. Hering, Assistant
Secretary.
M. K.
Schnurr, Secretary, and Treasurer for some
years, has resigned these
posts.—V. 159, p. 1189.
Remington Arms Co., Inc.—Earnings-
•
excess
Mr.
1941.
formerly President, has been elected Chairman
board, and Frederick W. Mclntyre,
formerly Vice-President, has
the
been
v
of
87,573
$1,075,253
29,265
175,000
Ralph E. Thompson,
;
of
railway
Total
963,289
240,000
____™
*$730,619
refund
Rustless Iron & Steel
E.
•
Reed-Prentice
970,619
....
112,171
$1,041,635
inc
oper.
1942
—V.
common
Dec. 22,
on
Railway
Net ry.
♦Equivalent
April 20.:. Like amounts,
including May 1, 1941, and in
was disbursed
'
1943
profit
Earnings
quarterly
the
on
during
Federal
Gross income
Net
record
and
special of 25 cents per share
a
and
been
provided
$5,147,125 $10,145,874 $10,179,161
2,100,700
5,254,913
4,237,787
85,599
177,396
173,672
1,798,000
2,527,588
3,628.000
.
Other
$27,338,360 $29,456,576
Balance
annual
stock, both payable May. 1 to holders of
Railway operating revs.
$5,210,652
Railway operating exps.
2,571,040
Ry. tax accruals: Ad val. j
86,900
Federal income
1,398,906
Other
:
v
contingencies
Raymond Concrete Pile Co.—Extra Dividend of 25c—
.
Government
:;
_____
profit after all taxes
Reserve for wartime
May Borrow Additional
President, at the
1942
had
company
Net
meeting of stockholders
held on April 4 said that the
major uncertainty facing the
company
is the termination of war contracts.
Any delay in settling these con¬
tracts
may
cause
a
shortage of working capital for the
company
despite its strong financial condition at the end of
1943, he asserted,
and this may necessitate
borrowing of about $3,000,000 to $5,000,000
fts insurance against future needs of
the business.—V.
159, p. 880.
_
St. Louis Southwestern
Railway—Income StatementFebruary—
1944—Month—1943
1944—2 Mos.—1943
of reducing the com¬
charged to the reserve
was
...
! Raybestos-Manhattan, Inc.
1943, compared
effect
which
the
y,
Calendar Years—
-
1485
in the five-year period from 1937 through
renegotiation
year.
Net
Funds—
in
Period End.
wartime
that
31.9% over November the previous
increased 5.5% for the month.—V.
159, p. 1390.
revenue
after
business, an agreement was reached with the Price
Adjustment Board
which, after adjustment for Federal
taxes, resulted in a payment of
$40,000 to the Government in 1943 and a
$36,000 reduction in the
Breaking all records in the 16-year
history of the service, air
shipments and poundage marked
up
new
all-time monthly
highs in November, the air express division of
Railway Express Agency
reports.
Shipments
handled
for
the
nation's
commercial
express
that month
in 1942, and
£.7%
,
result
a
sales
on
March
on
income
are
31
registered
debentures
issued
and
with
(subordinated)
outstanding
the
due
and owned
SEC
$1,702,260
Nov.
by
30,
1973.
the Celotex
offering price to the public will be supplied by amendment
proceeds
will go
to
the CeloteX
cago, is named underwriter.—V. 159,
Corp.
p.
586.
Paul H. Davis &
Co.,
Chi¬
Monday, April 10, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1486
Rock, Ark.;
Oklahoma City, Okla.
Little
111.;
and John W. Miller,
his active dunes
resignations of H. G. Meinig, Vice-President,
Vice-President, were accepted.
Though retiring from
Official Resigns—
newly organized
The
$1,933,106
income
Gross
$1,619,573
8,439
.141,227
1,042,433
61,582
<Dr210,017
1-+*—-
income1
$8,399,572 $4,890,925
,26,783
3,681
8,247
135,915
1,096,564
18,665
Cr92,992
$8,426,356 $4,894,805
26,827
23,826
443,790
410,879
5,866,000 3,314,986
128,856
. .58.425
Cr272,334 Cr281,120
deductions.
Federal income ta.xes—
Income
Fed.
profits tax.
excess
State income taxes——
refund
Post-war
Special deposits..-.
5,460
——*—-
receivable
supplies
—-
-
—
Liabilities—
—
—
stocks
stock—'
Preferred
Common
.
surplus
—
—.—_——
Total
•
operating revenue
Total
oper.
expenses
oper.
revenue,—_
Net
reserve.
of Government sales and contracts for
31, 1942, it was found that no excessive
profits were realized by the company.
Based upon the 1942 deter¬
mination. it is not expected that any refund as a result of renegotia¬
tion
covering the fiscal year 1943 will have any material effect on
$57,274,827 $53,258,168
42,973,614 37,914,080
renegotiation
result of
Dec.
ended
year
the public utility operating companies
Standard Gas & Electric Co. system for the week ended April
totaled 184,639,000 kwh., as compared with 171,353,000 kwh.
Preferred
Common
$9,575,095 $10,017,487
5,023,508
5,023,277
4,774,976
4,771,436
$2,388,939
1,254,256
1,190,751
$2,682,695
dividends——.
1,254,460
dividends——
1,192,395
income—
—
of
output
increase of 7.8%.—V. 159, p.
$235,840
surplus——
Balance,
*$56,068
*$223,389
$0.36
$1.43
1391.
$1.57
stockholders
on
3
April
March 31.
equipment
of
Maint,
i.
Transportation
Misc.
6,869,421
8,377,688
666,673
14,547,107
1,251,994.
1,182,018
—
—
expenses
'General
expenses
100,772,172
13,776,570
87,478,676
6,316,356
592,030
16,852,416
1,378,177
12,900,931
11,640,327
29.902,384
23,963,030
988,547
2,538,798
2,044,965
Gross
2,336,397
2,008,501
Net
from
Net
ry,
981,105
oper,
16,315,080
10,536,829
1,514,547
9,391,296
167,092
67,081
Net
ry.
(net)— _
rents (net)—
rents
facil.
Jt.
fr.
rev.
1,889.042
shares is
to
Staten Island
1,202,301
Net
36,013,474
16,615,119
3,416,024
115,273
income.
4,096,612
7,925,285
9,280,545
income.————
772,058
392,910
1,141,579
4,868,670
55,457
55,633
10,422,125
115,591
debt
2,075,333
2,306,562
4,155,260
ry.
11,443
8,613
18,436
14,634
1,310
2,824
2,620
5.944.5G1
6,130,218
11,791,829
Interest
funded
on
fixed
Other
'C—
income
deductions
—:
Conting. charges..
Net
income
controlled
Consol,
191,791
423,371
584,178
194,426
195,551
388,852
net
3,111,344
income
6,663,484
7,103,249
share
753,102
339,155
April
3.
158,
■
.
266,236
16,136
*51,867
Titus
F,
has
been
elected
President
in
revenues
of
an
officials of
the
remain
18-month
survey
of
the
Fed.
big mail order house.
lion
of
inen s
mail
the children's store,
store,
hardware-auto-farm
divisions
are
Louis G.
radio
and
succeed
store.
into
the
women's
store,
Eventually,
retail
stores
in
all'
of
a
director of Soiegel
ing options on 50,000
present
Sally
Wise.;
the
these
income..
accruals
1,200; R. S. Dickson & Co.,
Arnold, Inc., Raleigh, N. C.,
Twentieth Century-FoxJ Film.Corp^
Mich'
'"N; Y.'p
(& Subs.)=^Earn»
income and excess
Provision for Federal
taxes
23,800,000
interests......
Balance
aries to July 9.
and subsidi¬
National
-r-i™
1943, on which date
wholly-owned
became
7,460,000
1,400,000
$12,900,000 $10,609,785
...
profit National Theatres Corp.
Net
profits
.
profit applicable to minority
Net
tl942
*1943
$38,100,000 $18,069,785
profit...
Consolidated net
.....
2,000,000
$10,900,000 $10,609,785
Balance
share on
per
1,742,000 common shares..
$5.37
$5.30
not consolidated in the 1942
figures.
However, a dividend of $756,000 was received from National
in 1942 and is included in the income of that year.
tNational Theatres Corp. is
the fourth quarter of 1943
Earnings for Quarter—For
consolidated net profit after all charges was
the estimated
$3,700,000, compared with
for the fourth
quarter of 1943, and $3,353,071
quarter of 1942,
interest in National Theatres was purchased by
Film Corp. July 9, 1943, and on that date
wholly-owned subsidiary.
Prior to July 9 Twentieth
owned only 42%
of National Theatres.
The earnings of
from Dec. 26, 1942, to July 9, 1943, have been estimated at
majority stock
The
Century-Fox
Twentieth
and during;that period.,mo dividends were declared.
The
net profit of National prior to July 9 of $2,000,000 is
profits made prior to the date of acquisition and after
deducting this amount from the estimated combined net profit for the
entire year the
estimated net orofit carried to consolidated surplus
will be $10.900,000—V. 159, p. 774.
$2,000,000,
consolidated
treated 'as
Union Bag & Paper
542,072
81,080
35,833
776,447
598,909
430,000
430,000
1943—one
1942
on
on
as
were
15 cents per
17 to holders
Two distributions of like amount were made in
Nov. 15 and the other on Dec. 27.
Payments during
follows:
March 20 and July 10, 25 cents each; and
April
record
10.
16 and Dec.
Oct.
$105,329
the
on
Corp.—-Dividend of 15 Cents—
March 30 decjared a dividend of
capital stock, no par value, payable April
directors
The
of
income
11, 15 cents
$120,297
$1,187,973
$1,168,629
3,061
731
25.950
13,869
$119,566
(int.)_ * :Y'
income
_
_
each.—V. 159, p. 1392.
159, p.
$1,162,023
V'-'
$1,154,760
32,083
70.916
956,421
"1
__
The
986,303
_
1391.
made on Feb. 1. last, and on
was
Feb. 1, June 1
1943—V. 158, p. 1540.
from
Gross
Net
from
Net
ry.
to
from
Net
ry.
533,967
461,306
268,886
679,352
178,445
97,105
136,306
105,635
97;302
37,031
70,953
898.664
43,270
1—
railway..—
railway
oper.
11,327
60,987
income...
From January
from
1941
$225,099
62,225
28,934
1943
$346,219
103,667
24,084
railway—
'
income—
159, p. 1080.
Tennessee
Gas
&
Transmission
000,000 RFC Loan—To Construct
The
RFC
company,
loan
of
not
subsidiary
more
than
Exchange Com¬
and $9,000,000,
Co.—Arranges
$44,-
Pipeline—
of Chicago Corp., is arranging for a
$44,000,000 to finance construction of a
1,263-mile natural gas -pipeline, to. transport gas
repay
frgm the area around
of the notes, together with other cash resources, in
its indebtedness of approximately $5,700,000 to Missis¬
of
and
issue,
to
system
and
it
is expected they will be repaid upon .the issue, and
of additional bonds of Union Electric.
stated that these transactions proposed are pre¬
the public,
declaration
liminary
1942
$258,563
1944
$437,790
130,763
railway
oper.
has proposed to the Securities and
bank notes to the extent of $8,000,000
in part a $9,560,000 contribution to the capital of Missis¬
sippi.
The balance of the funds required for the subsidiary's bond
redemption will be supplied by Mississippi from its own resources.
The notes will mature not more than nine months after the date
sale
Ry.—Earnings—
Tennessee Central
sell
issuance
the
sippi.
The
February—
to
provide funds to enable its subsidiary, Mississippi River Power
Co., to call for redemption, on July 1, 1944, all the latter's $15,161,900
first mortgage 5%
40-year gold bonds, at their redemption price of
105,
The interest rate on the notes will be filed by amendment.
Union Electric proposes to pay to Mississippi
the funds obtained
by
similar distribution
company
mission
of Missouri—Financing Proposed—
to help
dividends
dividends
Union Electric Co.
,
$102,268
—
deducts,
Net
'
shares of stock to key executives of the company
Store organization includes 22 stores in the
Columbus, OMorEayton/'OKioT Rochester1
of Atlanta, 3,350 shares; Milhouse,
2,000; Ingalls & Snyder, New York,
ings—
5.812
and Oct. 1,
Chicago metropolitan and suburban area; three in Detroit, Mich ; two
in
Kansas
City, Mo., and one .store each
in Minneapolis, Minn.;
Milwaukee,
Inc., Atlanta,
Robinson-Humphrey Co., Atlanta, 600; Brooke, Tindall & Co.,
Atlanta, 500; J. H. Hilsman & Co., Inc., Atlanta, 500;
Clement A.
Evans & Co., Inc., Atlanta, 500; A. M. Law & Co., Spartanburg, S. C.,
500; and H. T. Mills, Greenville, S, C., 500.—V. 156, p. 1615.
525,642
stock option plan grant¬
Indianapolis, Ind,; South Bend, Ind.; Hammond, Ind.; Saginaw
Co.
Courts &
are
Inc., Charlotte,
359,420
2,591
—V.
a
SEC—
Wyatt, Neal & Waggoner, Atlanta,
N. C., 1,000; Kirchofer &
1,200;
420,727
$1,185,381
A
H. J. Sachs.
April 3 also approved
Underwriters
by
Inc
69,248
on
Martin & McKnight,
part
planned.
elected
161,064
*90,221
dividends.
28,831
43,451
1,718
Gross
firm, has been
406,417
*42,774
'81,136'
preferred
share
Ltd.—10-Cent Dividend—
An interim dividend of 10 cents per share has been declared on the
common stock, par $1, payable June 1 to holders of record April 30.
and the
the home furnishings store
242,126
339,840
:v
March 31 registered with the SEC 12,850 shares of
stock, cumulative (par $100), for the purpose of effect¬
ing a retirement of an equal number of shares of 7% preferred. The
company offers to the holders of common stock the right to purchase
the preferred stock on the basis of one share of preferred for each
7Va shares of common held and for each remaining unit of less than
71/2 shares held.
The offering price will be supplied by amendment.
The purpose of the issue is to retire an equal number of shares of
7% preferred stock. Such shares will be redeemed at 105 plus accrued
5%
2,821,542
Teck-IIughes Gold Mines,
The Sally Stores personnel will
catalog
707,588
400,391
900,325
525,635
439,147
Trion Co.—Registers With
$5,898,331
3,494,179
$118,579
*-V.
Cowan, head of Louis G. Cowan & Co., Chicago advertising
publicity
The stockholders on
The
order
39,844
income
•Deficit.—V. 159, p. 977.
1944—12 Mos.—1943
$6,848,807
261
Common
five-store plan,
Spiegel
the
*3,104
railway
National
$105,067
Net
intact.
Spiegel
'19,824
$1,162,817
Preferred
announced several months ago by Earl
IX WeiX Vice-President and Merchandise Manager, calls for organizaThe
on
reserve
Gross
mail order
field
262,479-"—'-191,785
162,818
214,101
oper.
ry.
72,100
35,833
taxes
taxes
Retire,
—
ready-to-wear
retail
$193,370
railway.—
from
from
42,471
47,142
Maintenance
this corporation
has acquired Sally Chain Stores, retail women's ready-to-wear organ¬
ization operating in 14 States,
The
purchase price was approximately $1,725,000,
During 1943,
which .was Sally Stores' best year, sales of more than. $10,000 000 were
reported, with profits of about $800,000 before Federal income tax.
The deal, which includes 46 individual Sally Stores, was announced
on
April 3 by Modie J. Spiegel Jr., President and General Manager
of Spiegel, Inc., at the annual Spiegel stockholders' meeting.
It marks
end
1944—Month—1943
$613,492
$553,910
310,879
246,137
...
of con¬
charge
$147,516
Co.—Earnings—
_______
Inc.—V. 159, p. 387.
operations in a new merchandising concept,
and retail
Inc.—Dividend No. 2—
898.
P.
Operation
Subsidiary-
Vice
terminations of the Sperry Gyroscope Co.,
1941
$341,721
National became a
/v.
Utility oper. income..
Other income (net)
Spiegel, Inc.—Expansion—Stock Plan, Etc.
*r4fc-
*40,785
have
Operating
General
As first step in a progressive five-store plan coordinating
to
316,137
32,375
147,304
159, p. 977.
Period End. February—
Income
the
612,524
268,134
181,027
declared a dividend (No. 2) of 15 cents per
the capital stock, payable April 10 to holders of record
An initial distribution of like amount was made on Sept. 3,
on
last.—V.
13,218,379
Spcrry Corp.—New V.-P. of
Waiter
tract
f
*24,400
income
directors
The
1391.
159, p.
1942
$443,203
__
income
oper.
Century
1,035,446
391,103
affil. cos.
adjustment—
Consol.
—V.
*18,505
1—
Susquehanna Mills,
South.
System
of
solely
Pac. Transp.
railway
$3,343,849 for the third
Tampa Electric
of
income
Net
1943
railway.
from
ry.
10,627
64,555
5,670
2,725427
17,969
railway.
oper.
1941
$129,951
1942
$155,170
railway
from
Net
4,616,007
charges——
Total
Miscell,
1944
"Estimated.
1943
$288,867
119,167
income.
From January
from
Ry.—Earnings—
71,708
railway
oper.
Net
16,539,852
111,712
oper.
ry.
Net
2,188,582
-Earnings—
Western RR,
&
"
Earn,
151,298
1944
$370,012
railway.—
from
Gross
15,867,058
672,794
8,313,195
Rapid Transit
February—«
"Deficit.—V.
Other
offering of the new
9,345,475
33,987,429
21,111,799
3,270,557
324,528
19,272,704
Ry. tax accruals———
Equip,
1,400,000 shares.
No immediate
contemplated.—V. 159, PM080.
capitalization
4,686,239
44,477,310
49,209,981
Ky. oper. revenues.—Maint. of way & struct.
each of
split-up,
authorized
$
$
600,000
the
1944—2 Mos.-r-1943
-1943
1944—Month—1943
Period Ended Feb.—•
Traffic
corporation had net assets on March 31 of $81.95 for
shares.
It is expected that, shortly after the
200,000 additional shares will be authorized, increasing the
The
Co.—Earnings of Transportation Sys.
Southern Pacific
8,324,772
2,666,716
1,517,129
Years Ended Dec. 31—
approved a two-for-one split in the
shares, effective at the close of business, April 14.
Certificates for
the additional shares will be mailed with the checks for the 50-cent
dividend on the old stock which is payable April 15 to holders of record
$222,774
$0.45
in the
1, 1544,
for the
Corp.—Split-Up Approved—
Street Investment
State
The
Earned per com. share•Deficit.—V. 159, p. 1190.
Co.—Weekly Output—
Standard Gas & Electric
corresponding week last year, an
Net'
4,438,230
1,000;
net profit.—V. 159, p. 586.
the year's
$4,076,785 $14,854,414 $15,793,961
1,687,846
5,279,320
5,776,474
$3,962,061
1,279,366
income
Gross
for post-war
latter
this
a
fiscal
the
Electric
Int. and other deducts-
$8,000,000), and before appropriation
rehabilitation and other contingencies (in¬
A fund of cash and Government
segregated from current assets to
(increasing such reserve to
$2,000,000
creasing such reserve to $4,000,000).
securities has been established and
$4,005,056 $14,301,213 $15,344,088
71,729
553,202
449,873
$3,945,937
16,124
Net non-oper. revenue--
Fed. income and excess
appropriations——*9,218,187
7,234,126
Earnings per common share.
....—...
$2.63
$2,00
*Before
appropriation oi $3,000,000 for possible future inventory
1943—12 Mos.—1942
1943—3 Mos.—1942
$15,198,244 $13,600,455
11,252,307
9,595,398
Period Ended Dec. 31—
Total
Peoria
from
Gross
Net
1943
1944
profit before
cover
12,092,123
10,875,133
4,733,579
2,978,874
—
977.
p.
Company
of
20,520,719
10,846,734
...
February-
Gross
subsidiaries)
$
$
182,315,955 144,358,009
—.—22,088,187 16,486,126
profits taxes.. 12,870,000
9,252,000
taxes
before
losses
22,490,881
...
income
—
Prov. for
Net
$4,175,812
1,443,819
862,909
From January 1—
Inc.—Earnings—
sales
Profit
Ltd.—Earnings—
California Edison Co.,
Not underwritten.
railway.!
Toledo
Net
Calendar Years—
Net
$6,101,024
2,396,773
1,002,676
5,133,925
income
oper.
159,
Net
As
Southern
from
ry.
—V.
of voting and non-votmg
capital.
5,762,617
2,365,993
$10,952,596 $10,526,978
—
railway....
from
Gross
1469." "
p.
(Including domestic
$15,272,166 $12,414,016
'
-
2260.
—V. 158, p,
157,
1941
1942
1943
1,441,165
—
railway-
oper.
Co.,
From January 1—
state¬
common stock (par $100) and
(par $100). The stock is to be
Standard Brands,
91,452
1,262,840
1,270,700
381,800
3,298,594
1,357,045
640,835
4,903,247
•
—
.
stock-.——
common
Premium on
Earned
—V.
870,970
—
—~
.
_
Net ry.
Net
shares of voting
3,000 shares non-voting common stock
offered at $100 per share to the holders
stock, respectively.
Proceed^ for working
94,476
3,840,500
122,338
Equipment, etc., long-term obligations
Reserves and deferred credits—75,402
1,540,910
525,519
232,093
2,415,145
978,956
571,552
1,175,004
1,000
covering
ment
$576,101
490,000
114,245
6,472,450
126,580
income
accrued liabilities—
Other
from
Gas & Transmission
debt.—V. 158, p. 1384.
Tennessee
1944
railway.
from
Gross
Sprouse-Reitz Co., Inc.—Registers With SEC—
company on March 27 filed with the SEC a registration
.
payable———
————
$824,239
Unredeemed tickets —.—————'•,
575,000
Dividends declared——.
,
135,705
Taxes accrued, general
—161,663
Accounts
123,395
348,800
1391.
159, p.
The
207,926
281,120
-.-231,375 -
;•
*26,705
income
oper.
of
Orleans RR.—Earnings—
February-
Net
$15,272,166 $12,414,01G
-
Accrued
ry.
behalf
in
Corp.
Texas & New
265,683
545,148
3,427,201
1,707,229
purchases
Chicago
by
Net
3,418,900
745,504
railway..
"Deficit.—V.
3,532,798
2'^M^3
—
Total
Net
2,600,000
774,122
328,779
—
Materials and
from
from
' :
r«
1—
railway
From January
Net
3.292
^
4,820,530
971,007
314,588
Tangible property
-——3,078,843
Intangible property——,———-———.———.
2,868,473
Investment securities and advances—207,314
Post-war refund of excess profits tax—
——
553,454
Deferred debits
-139,101
securities, notes---
Government
S.
U.
Accounts
~yv
1942
; $2,313,396 $1,586,132
1
Cash
560,996
,
1943
'
*4,714
income
oper,
ry.
company
These
1941
1942
$1,243,042
1943
$1,616,510
805,485
Net
Gross
31
Consolidated Balance Sheet, Dee.
Assets—
February—1944
from railway.—
$1,719,432
from railway—
291,111
Gross
net
latter
including those pertaining tp the RFC
Seattle Ry.—Earnings—
Spokane Portland &
$5.05
$8.23
$1,67
$1.73
share
Earnings j>er com,
ment,
Net
earnings in any year are less than $3,000,000 and if the
is unable to meet the RFC serial maturities.
would be equal to such deficits of the Tennessee
company but only to the extent of (1) proceeds received by Chicago
Corp. for gas sold to the Tennessee company or (2) 50% of the cost
of gas purchased and sold by the Tennessee company and transmitted
through its pipeline—whichever is greater.
The Gulf States Oil Co. has assumed 10% of all commitments made
pany's
with offices at
distribution.
market research, and
services which will be
store
chain
other
$1,369,809
$453,174 $2,233,216
$469,343
Income—
Net
the Tennessee Company
representatives and merchandising
of factories manufacturing products primarily
Industrial designing, product develop¬
war contrat renegotiation counsel are
supplied—V. 159, p. 1190.
specialists for a group
for
constructing
will act as selling
firm
new
company,
Christi, Texas, to the Appalachian region.
The total cost of
the line is estimated at $51,000,000 and at latest report
had entered into numerous contractual arrange¬
ments for the purchase of a substantial part of the materials and for
construction of the pipeline.
The Chicago Corp. has guaranteed substantially all the Tennessee
.company's purchase contracts for materials and a
bank credit of
$8,000,000, besides agreeing to loan or otherwise furnish all funds
in excess of $44,000,000 needed to finish the pipeline and to loan or
advance to Tennessee certain amounts over a period of years
until
these amounts,
together with those needed to finish the line total
$12,500,000, This sum would be subordinated to the RFC debt.
The Chicago Corp. further agrees, after its obligations with respect
to these loans or advances have been discharged, it will purchase, on a
subordinated basis, amounts of the RFC debt if the Tennessee com¬
Corpus
Presidency
to assume the
Miller and Associates,
Salle Street, Chicago, III.
North La
221
$1,617,134
2,439
resignation as Vice-Presi¬
April 1 announced his
retail stores, Spiegel, Inc.,
in charge of
of
a
y yyyyy
•
W. Miller on
John
dent
$1,920,512
12,594.
the board of directors.
Mr. Meinig will remain on
:r"ryy..
firm,
the
with
«...
Other
Modie J. Spiegel Jr.,
The
Greyhound Lines (& Subs.)—Earnings—
Period Ended Dec. 31r—
1943—3 Mos,—1942
1943—12 Mos.-—1942
Total oper. revenue
$5,046,798 $4,013,361 $20,157,380 $13,684,660
Opeiv and maint. exps._
2,452,753
1,799,768 9.077.891
Depreciation
210,061
214,863
877,665
<86,379
Oper. taxes and licenses
432,982
351,100
^700,753
jco
Operating rents, net—
30,489
23,896
101,498
101,463
revenue
...
.
meeting the following officers were
President and General Manager; Earl D.
Weil, Vice-President;
Robert D. Stecker, Vice-President; Walter A.
Gatzert. Secretary and Treasurer.
Mr. Stecker was for 10 years
associated with Gimbel's of Philadelphia as merchandiser of fashions.
directors'
of
board
the
At
elected:
Southeastern
Net oper
Neb.; St. Louis, Mo.; Peoria,
Houston, Tex.; Dallas, Tex.;
City, la.; Omaha,
Shrcvcport, La.;
Moines, la.; Sioux
Des
Co.—Secondary Offering—A second¬
ary offering of a block of 5,000 shares of common stock
(par $25) made by Merrill Lynch, Pierce, Fenner &
Beane after the close of the market April 3 was over¬
subscribed. The shares were priced at $41 per share net,
with a dealer's commission of 60 cents.—V. 159, p. 219. *
Penn Oil
South
steps
to
a
plan of
reorganization of the holding company
will be covered by a separate
commission.—V. 159, p. 50.
of Union Electric, a plan which
application to be filed with the
United Aircraft Corp.—New
Director—
the investment banking firm of Herriman
Ripley & Co., has been nominated for election to the board of directors
of the United Aircraft Corp. to till a vacancy, according to the proxy
statement for the annual meeting to be held on April 25.
Mr. Ripley is Chairman of the board of the Cramp Shipbuilding Co.
and a director of the West Virginia Pulp & Paper Co., and of Brown
Harriman & Co., Ltd., of London.
He was a director of United Air¬
craft & Transportation Co. until its dissolution in
1934, and then
became a director of the United Air Lines Transport Corp., one of the
successor companies, serving
in that position until last fally—V. 159,
Joseph P. Ripley, head of
p.
387.
-
."
'
Volume
Number 4271
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Union Oil Co. of California
operation,
(& Subs.)—-Earnings—
was
Consolidated
Income
Account
Other
operating
1943
Gross operating
Cost of products
„_
1942
income
operating expenses—
65,491,879
Provision for depletion,
(2)
depreciation and amort.
profit
per
Non-operating income
income
Total
13,849,344
Sinking
year.
'
$9,408,454
280,119
$13,264,818
per
11,865,041
$12,975,042
:—1
289,776
Interest
1———
—
—
funded debt
on
and
taxes
paid thereon
1,295,619
taxes—
income
for
the
$7,269,199
———
$5,537,329
Earnings per common share
$1.56
from
22,473,555
5,904,400
or
864,295
Cost
—
"Accounts and notes receivable
and
Investments
tOil
Other
deferred
in
modification
of
Plant
income
2,778,795
Federal
excess
594,910
764,630
Canadian
70,007,483
71,398,203
Provision
for
74,955,003
62,495,255
1,140.083
788,353
449,324
—
...
Accrued
10,937,796
Additions to
Interest
accrued
Advance from
debt
funded
on
U.
income
for
taxes
.
Reserve
for
4,773,220
718,623
460,041
1,500,000
42,554,000
43,639,000
116,656,750
Capital
3,699,117
20,550,711
Inventories
-
surplus..
———
.
♦Less
769
in
in
for
reserve
and
$96,241,129
in
of $64,345,960 in
reserves
receivables
tLess depletion
1942.
1943
doubtful
of
$353,745 in
depreciation
and
tLess
1942.
profits
store
11,333,472
-
75,176
■
11.457
283,958
153,662
pfd.
883,000
of
to
United
1,625,000
3,375,000
150,000
500,000
500,000
335,000
300,000
$2,610,650
capital
$2,301,230
225,625
stock
of
$2,385,025
—
U.
——
in
$2,301,230
S.
and
accounts
—
—
633,833
and
4,979,650
695,348
29,152,868
receivable
notes
advances,
receivable—
Goodwill,
434,042
24,133,877
978,393
13,749,517
—
„_„„——...
trade-marks,
etc
14,604,429
818,847
—__
————■;
;
6,300,000
Reserves Increased— '■
.'a:;'"--
Accounts
Real
Although stocks of the Union Oil Co. above ground decreased almost
5,000,000 barrels during 1943, a development program in Louisiana,
Texas
and
increase
Kansas
total
discovered
reserves
enough oil to offset 1943 production
than
more
20,000,000
barrels,
President
and
4
interest
fund
Preferred
Purchase
Mont.,
the
of
transfer
actual
further
increase
20,000,000
holdings
the
barrels,
of
Glacier
which
of
Union
Oil
should
158,
Co. in Cut Bank,
place this Spring, will
take
by
reserves
Funded
$4.75
(& Subs.)—Earnings—
debt
of
from
7,386,181
stock
Drug
of
Company
of
United
210,221
19,333,000
30,499,000
2,592,954
United
Drug Co.
Inc. (par $5)
; 1,699,279
10,000,000
surplus
7,002,800
—
surplus
7,002^800
392,305
Drug,
588,319
12,096,456
13,285,458
Total
-V.
i
529,490
Co.
the
income
Other
from
$17,116,766 $15,488,039
operations—r
income
125,327
——
107,060
>
Total income
Excess
Less
—
844,231
694,748
13,323,690
12,199,065
———_
—
post-war refund——
Crl,331,093 Crl,219,907
Two
able"
representatives
the
allocation
talization
and
of
of
April 4.
stockholders
common
plan,
protested as "inequit¬
proposed under the recapi¬
opening of SEC hearings,
stock
common
new
simplification
at
the
and
Net
for
contingencies
post-war
1,331,093
—-
income
1,219,907
$3,074,173
...:
-
-
2,066,465
$2.85
Dividends
$2,701,286
2,422,794
;
$2.51
Earnings per share..
The
Balance Sheet,
Assets—
Cash
U.
banks
in
S.
''
and
on
Material
and
♦Tank
Good
Post-war refund
4,415,584
of
4,800,802
1,530,559
1,472,236
961,794
22,705,027
24,113,165
—.«—-—
1
1
2,550,999
110,472
profits taxes——J—
excess
I
charges
———
Total
for
$1,040,901
—;
inc.
Fed.
Reserves for
other
post-war
and
excess
profits taxes
Other
510,038
56,680
788,654
746,071
219,907
———
contingencies
406,294
284,116
427,524
316,948
30,000,000
30;000,000
—-—...—
reserves.—.
;
Capital stock (1,200,000
no
shares)
par
Earned surplus..—...
$1,
,498,289
2,550,999
taxes
Reserve for annuities
7. 551 754
shares)—— Dr2,986,923 Dr2,986,923
—i—„——8,203,132
Reacquired capital stock
(123,202
Total
Gas
Power
all
•
&
United
common.
Light,
in
turn
Gas
is
direct
a
subsidiary
a
of
subsidiary
Electric
Bond
of
&
Mr. Comstive
New
also asked an extension of time to give common stock¬
an opportunity to form a protective committee.
Milton Pollack
York, identifying himself as counsel for holders of 6,400 shares
of common,
Public
the
to
in
Co.,
Long, President, states in part:
—
—
$40,940,619 $38,686,841
♦After
stock
the
and
past
year
the
was
distribution of
retirement
of
the
company's
the major portion of
preferred
the company's stock
holdings in Philadelphia Electric Co. and Public Service Corp. of New
Jersey, as a result of which the interests of U.G.I, stockholders in
these
companies,
direct
instead
representing
its
two
acted
April
Th^re
of the former
investments,
favorably by the stockholders at
upon
1943.
&
Light
Power
Substantially
Co.,
its
third
all
of
U.G.I.'s
largest
future, be distributed to U.G.I, stockholders.
of
Shore
the
$13,670,000 in 1943 and $12,943,200 in 1942.—V. 159, p. 587.
assets
of
the
Consolidated
in
the
history
1942.
in
The
1941
of
volume
United
increase
of
ended
year
United
other
and
$138,913,407
Drug,
Inc.,
U.G.I,
for'1943
comparing
was
with
the
was
the
at
of
rate
$121,997,977 in
13.9%.
Sales
Dec.
31,
1943,
the
consolidated
net
income
of
subsidiaries
amounted to $2,610,650 after
interest, loss on guaranteed leases,
and excess profits taxes,
reserves
and
From this amount, dividends of $225,625 on the $4.75
Canadian
charges.
t
bond
income
preferred stock of United Drug Co.
or
were deducted, leaving $2,385,025,
applicable to the capital stock of United Drug,, Inc.
with $1.64 per share for 1942.
$1.70 per share
This
compares
One
Drug,
United
of
the
Inc.
was
Drug
outstanding
most
important
developments
in
the
history
the
Co.,
refinancing of the funded debt of its
successfully carried through last August.
$30,243,200
of
In
largest
Co.
order to
and
of
Co.
stock
stock
Public
and
new
Divestment
Service
on
Service
of
of
SEC
Corp.
of
date
for
l/20th
tion
5%
debentures
and
due
1953
were
of
United
subsidiary,
The
then
redeemed
new securities
issued—$20,000,000 3%% debentures due 1958, and
$10,000,000 $4.75 preferred stock.
The cost, before tax
saving, of this
common
stock
of
U.G.I.,
it
first
was
through the use of $1 dividend preference
delphia Electric Cp. and cash, each share of
delphia Electric Co., 97%
changed into 9/40ths of
of
Nov.
retain
31/40ths
of
a
which
of
a
share
share
was
of
of
Philadelphia Electric Co.
$1
new
Philadelphia
of
the
the
a share
of common stock of Delaware Power &
Light Co.
account of each share of U.G.I,
capital stock, and the reduc¬
$16,463,014 in the stated amount of U.G.I, capital stock, rep¬
of
the
and
fixed
March
10,
1944,
the
as
shares
1,162,600
the
supplemental
date
of
for
record
of
plan
the
^distribution, which will be
plan provides that
stock
shall
fractions
be
will
on or ab6ut May 18, 1944. The supplemental
fractional shares of Delaware Power
Light Co.
no
issued,
receive
but
cash
price of the stock
as
when
basis
distributed
inclusive.
the
This
lieu
in
based
traded
thereof
from
After
the
book
The
March
27
provision will result
the stockholders.
above
assets
distributions
the
to
approximating
distribution
in
stockholders
entitled
to
the daily average closing sales
Philadelphia Stock Exchange on a
upon
the
on
in
to
March
31,
substantial
1944,
savings
both
to
both
and
company
of
opinion
also
that
the
considered
of
board
number
it
its
of
of
would
of
Stock
stockholders, U.G.I, will have total
$100,000,000.
70%
some
of
large
be
book
assets
directors,
shares
of
left
its
to
stockholders
U.G.I,
capital
with
stock
advantageous to change
a
and
to
a
dis¬
it
is
capital
stock having a par value, The board of directors authorized the
filing
with the Securities and Exchange Commission of a Declaration
with
respect
the
to
Commission,
effective.
On
change
Jan.
on
conversion
or
25,
1944,
The proposed change
May
of the capital stock,
and the
permitted the Declaration to become
will be voted on at the annual meeting.
by
stock
of
the
stock
preferred stock,
was
in
the
U.G.I,
of
Securities
sold
its
entire
and
fund
stock,
Co.
Connecticut
properties
The
Co.
above
companies
Hartford
RR.
with
in
erties
tween
end
4%
the
that
the
of
14,
the
in
for
invested
in
sold
•'
1906
$8,359,000
of
of
1957,
The
The
sold
the
book
and
S.
losses
Co.,
taken
were
to
be
by
paid
for
Court
in
the
August,
had
taken
been
Concord
orders
Gas
of
received
were
in
of
New
the
Haven
and
in
connec¬
transportation prop¬
the
difference
$4,192,355,
investments.
be¬
being
charged
proceeds have
The
scuritis.
Co,
its subsidiary, Camden County
by the U. S. Government.
properties has been the subject of
Commissioners appointed by the U. S.
and
these
year.
District
1943.
and after a trial
companies were awarded,
appeal
in
condemnation
for
litigation during the past
District
York,
$1,824,352,
cost
on
New
interest
for
Government
properties of Welsbach Co.
amount
interest
divestment
which
U.G.I.'s
Welsbach
Land
its
in
■
were
possible
U.
included
year,
Island,
amount
reserve
1943,
were
debentures
sale
Rhode
term
Connecticut
;'"V
the
as
the result of an agreement
and Lighting Co. and Connecticut
lessee of the gas and electric
Railway and Lighting Co.
long
sum.
-
.
Since
been
the
June
011
nominal
a
The
to
by
owned
Company,
for
eliminated
was
Co.,
of
The
in
on
by
New
Jersey
awarded
Government
the
District
and
Court
the
the
companies
companies
a
Jury,
before
ap¬
the
Jan.
the
27, 1944, the sum of $675,000. No
Government but the allowable time
doing has not expired. Welsbach Co.'s outstanding indebtedness
remains at $1,053,984, on which no interest has been re¬
so
U.G.I,
1928.
Welsbach
Co.
Income
U.G.I.'s investment in preferred and common
written down to $1 in 1939,
stocks
was
Statement
(U.G.I,
only)
for
Calendar
Years
the
retire
Dividends—
1943
majority owned—,.
subsidiaries.
Subsidiaries,
Other
of
Phila¬
Other
companies
—
statutory
both
in
without
Total
—
10,345,879
—
dividends
Interest and other
$1,782,364
40,490
12,168,733
1942
$2,041,247
40,490
16,015,680
478,893
—_—
18,097,417
443,596
12,647,626
income
18,541,013
2,306,148
3,441,709
U.G.I.'s largest
2,414
of record
Philadelphia Electric
interest
Connecticut Railway
Power
com¬
held
by
the
income
—
Ordinary expenses, taxes, other deductions,
Expenses in connection with divestment
Net
Income
balance
June
V3
and
of
15, 1943,
a
l/12th
etc.
plan—^
———!———
'!
Dividends
capital
of
sinking
between U.G.I.,
Phila¬
the charter of the
including
stock
1943,
of
stock
stock,
common
to
to
accomplished
U.G.I., having been
preference common
dividend
common
Jersey
was
common
owned
4,
Railway and Lighting Co., consisting of 64%% of the voting stocks,
receiving therefor $1,815,000 in cash.
Immediately prior to the sale,
U.G.I.'s guarantee of interest on $5,303,000
outstanding Connecticut
Railway and Lighting Co. first and refunding mortgage 4V2% bonds
(the bonds so guaranteed,
by the terms of a previous agreement,
thereby becoming callable) and on the $6,850,000 of such bonds held
Total
the retirement
common
approximately
Light Co.
common
resenting the adjusted book cost to U.G.I,
Delaware Power & Light Co. common stock.
Also on Feb, ^9^1944M,dlrectors
of
necessary
common
company at that time-.
There was distributed to U.G.I, stockholders
to and on account of each share of its
new
&
•
1943, U.G.I, filed its application with the
approving a supplemental plan relative to the dis¬
order
an
ceived since
pany was amended as of June 11, 1943, by redesignating its common
stock as capital stock (no par), 35,000,000 shares
being authorized,
of which 23,254,424 shares were
issued,
of
Power
'
-
23,
pealed
near
single Investment.
With
of
of
of
the
the remaining
New
of
and
Delaware
issue of bonds
an
:
stock of Delaware Power &
Light Co. and
received, on Dec. 28, 1943, an order approving the supplemental plan
and directing that it be carried out.
Accordingly, at a special meeting
on
Feb.
29,
1944, U.G.I, stockholders approved the distribution of
Philadelphia Electric
outstanding $5 dividend preferred stock. This
stock
Co., and
at a cost
U.G.I., made it feasible |to distribute
Under
in
Corp. of N. J.
stock
common
Public
of
and
holders
par value.
Service
company,
"
latter.
for
Preferred
distribute the
common
stock.
The merger of Delaware Power &
Light Co. and Eastern Shore Public
Co. and the refinancing of the
company, with ownership of
entire common stock by
$506,000
stockholders
U.G.I.'s
$16,915,430
Drug, Inc. and its
providing for depreciation,
Federal
of
stocks,
&
Light Co. was completely
underwriting group $15,000,000 first
Public
latter
the
Delaware
company.
Electric
$102,460,960.
were
the
For
sales
such
Service
to
United Drug, Inc.—Annual Report—
steps
Power
'
Divestment of
in
will,
which represents their continuing interest in
Retirement
surrendered
issue of such
an
became
special meeting
a
holdings
investment,
deducting reserves for depreciation of $68,012,968 in 1943 and
$66,424,499 in 1942. tAfter allowing for U. S. Treasury tax notes of
their stock,
Co.,
& Light Co.
the holder of
as
to the merged company (which continued
Light Co.) the sum of $6,287,063, receiv¬
shares of new common stock, par $13.50,
sold to
were
Eastern
of a
subsidiary
$24,800,000.
of
19,
Service
Power
U.G.I.,
Power &
1,162,600
;
largest
through U.G.I.
The foregoing was in accord with
the company's plan for divestment of securities and other assets, which
had been filed with the Securities and Exchange Commission in
Dec.,
1942.
The plan, after hearings, was approved by the Commission and
was
Public
mortgage and collateral trust bonds, 3%> series due 1973, issued under
a new
mortgage and deed of trust, and 40,000 shares of 4% cumulative
preferred stock (par $100). The net proceeds of these issues, amount¬
ing to approximately $19,700,000, together with the cash payment of
$6,287,063 by U.G.I., to the extent necessary, were used to redeem the
tion
important matter affecting the interests of the stockholders
the
Shore
with Delaware
and paid
Delaware
exchange
the company, being the total
After
the
merger,
Delaware
of
SEC.
during
Eastern
that company
merge
Service
name
ing
challenged the legality of the proceedings.—V. 159, p. 1392.
United Gas Improvement Co.—Annual Report—Walter
E.
Co.—Eastern Shore Public Service Co.
consisting of 375,000 shares of capital stock of Delaware Power &
Light Co. and the 182,000 shares of common stock of Eastern Shore
Light
The most
Reserve
for
United
Co.
holders
of
Liabilities—
tReserve
the plan provides only one class of stock, all new
Of these shares, 94.88%
would be issued to Electric
Light Corp. and the remaining 5.12% tc present public hold¬
shares.
Electric
104,640
$40,940,619 $38,686,841
Accounts payable
1,300 shares.
allocation,
of
ers
Share
a
were
1,219,907
1,090,956
——
————;—
equipment and
will, patents, etc
Deferred
4,146,003
fixtures.":;.^
supplies
plant,
$1,868,293
5,120,012
L~1Z.—
(net)—.
cars,
1942
$3,417,008
hand——rr--.-—-
receivable
to
common
Power &
1943
1
securities.—i—_f_—-
Government
Accounts
Investments
Dec. 31
step
a
subsidiaries served with electricity substan¬
Peninsula, and in addition, a smaller area
The company has a minor amount of ice and
Sale
presented by Louis Lober (of Lober Brothers &
Co.), New York, who said he represented 60,000 shares of United Gas
common,
and by Kenneth Comstive of Roslyn, N. Y., who said he
As
Consolidated
U.G.I, entered into an
result- of which U.G.I,
'■
..
objections
represented
a
County
its
#
Provision
Erie
merger was effected on-Oct. 15,
1943.
the
common
stock of both
companies,
has,
United Gas Corp.—Representatives of Common Hold¬
ers Protest
Proposed Stock Allocation—Delay Asked—
$17,242,094 $15,595,099
.
.
tax——
income
profits tax——_
Shore
Merger and Recapitalization
taken
were
$69,062,975 $67,231,591
'
Federal
Eastern
Delmarva
proportionately
Net
for
This
529,477
2297.
p.
in
Proposed Reclassification
—
158,
important
Philadelphia
Service
was
Following the acquisition of
net
11,262,413
Public
agreement
business.
13,303,619
1942
$30,402,225 $26,750,453
operations—;
5,334,315
after
-
stock
less
Co.
.declared
Capital stock of United Drug, Inc. acquired and
held by United Drug
Co
1943
Operating expenses
United
preferred
Earned
Consolidated Statement of Income
income
maturing
Co.
Service
long
investment
Chesapeake Bay.
effective
Reserves
estimated
an
2197.
p.
Period Ended Dec. 31—
Gross
444,777
143,500
118,750
202,525
Capital
v
263,697
——
—_——„
obligations,
but
shares of
to and on
—_
—
.
taxes—
purchase
Capital
Union Tank Car Co.
7,322
payable————
& Canadian income and
Fed.
profits
est.
$8,671,416
7,696
within
dividend
est.
for
debentures
cn
payment
stock
excess
$10,052,601
expenses—
maturing
Production
Company's
he said.—V.
Reserves
Real
oblig.,
4_———„———
Sinking
Taylor, told shareholders at their annual meeting on April 4.
Of
capital expenditures of $24,000,000 during the year, he said, almost
$17,000,000 went into new refinery equipment.
and accrued
purchase
year
Accrued
Reese
H.
,
payable
estate
one.,
This
all of
of
tribution
$69,062,975 $67,231,591
Liabilities—
-
entire
V
943,334
3,000,000
Total
1943 and $62,287,263 in 1942.
Electric
Public
negotiations,
Pennsylvania Electric Co., as
its
5,088,743
etc:
accounts
charges
648,953
—„.—_
9,520
common,
three outstanding bond issues of Delaware Power &
Light Co., two
outstanding bond issues, bank loans and two series of preferred stock
1942
$11,203,381 $12,099,820
4,000,000
2,000,000
829,531
notes
and
1943
•
.
—_—
Deferred
amortization
and
■
hand_.
on
accounts
Property
of $101,555,413
reserves
depreciation
and
Treasury notes, tax series
security and call loans-
Miscellaneous
and $329,-
1943
and subsidiary companies)
4-4'"''43"
banks
County
after
Eastern Shore
refinanced.
United
—
substantial
holds
188,635 shares of Phila¬
and 79,822 shares of Public Service
Corp.
Delaware Power & Light
—
Drug Co.—
——
Erie
1943,
Service
tially
west
<
——————————
stock
Public
-
6,315,000
—_
still
$1,100,-
over
Co., consisting of 182,000 shares
toward integration of utility
subsidiary of Pennsylvania Electric
Co. already serving in the Erie
County Electric Co. territory and the
Eastern Shore Public Service Co. territory being adjacent to that of
Delaware Power & Light Co., a U.G.I,
subsidiary.
The Eastern Shore
——
252,000
——
of
$6).
94,716
etc.
:
certain
preference
common
of
30,
for
(par
gas
taxes
chains
and
U.G.I,
dividend
properties owned by both parties,
1,160,546
for other possible
reserves
Assets—
Cash
210,545,174 206,256,517
-
July
stock
'
1,386,000
"
86,428
and extraordinary
contemplated post-war
retail
applic.
Investments
*_
—
'
„
1,603,641
14,557
———————
,;%(TJnite4 Drug, Inc.
;
'
Total
.
124,824
year
basis
operation.
$1
be
to
Electric Co., con¬
sisting of 39,375 shares of capital stock (par $100), with a book cost
of $3,411,274, cash in the amount of
$6,287,063 and all the common
/■
Consolidated Balance Sheet, Dec. 31
Customers'
contingencies———*
Earned surplus—
$
-
•
G I
invest¬
common.
received
1,350,332
leases
during
Marketable
debt-w-——
(par $25)
1942
11,408,648
surtax—:
etc.——,—...
4:■
1,198,751
4,247,004
.
J.
On
2,052,000
.—
Funded
Capital stock
361,250
1,499,555
insurance——.
annual
in
Co.
saving in taxes estimated
a
-
—
guaranteed
excess
to
of
Inc.
Z 3,699,117
——23,826,289
for
Reserve
and
—
profit
Drug,
116,656,750
Reserve
wartime
916,389
I 344,425 .V.
property and other taxes
of N.
stock
14,008,353
possible losses
on
1,249,713
.————
Reserve for
and
general
profit
Net
1,166,567
893,831
i—
Government
S.
746,989
1,166,567
——--—/
excise- taxes—„
and
largest
'
■
•
was
delphia Electric Co.
preferred
13,881,103
debentures
on
purchased
profits tax—
losses,
Dividends
10,561,948
pay Tolls—725,288
Dividend payable——-—.
Motor fuel and other sales
There
an
Electric
and'subsidiary companies)
rearrangement expenses,
tax
reconstruction
Net
paiyable————————
assets.
011
Exchange
Inc.,
certain
incident
expenses
'-;:-
Liabilities—..
Accounts
cumulative
new
210,545;174 206,256,517
—_
second
distributions, U.G.I.'s preferred and common stockholders
substantially all of its two largest investments and over $30
cash, or approximately two-thirds of the total book value
Income Statement
expense
etc.
moving and
future
:
$667,000
1943
of
of
income
1,537,756
—
the
of guaranteed leases
leaseholds,
——
charges—.—
Total
000
$750,000
are
issue
Payments made in consideration of cancellation
Federal
advance
for
—————
19,220,364
—.
insurance
amort,
——-,—-
and development—
properties
.—J
and
and
interest
3,138,779
lands
JOther
Taxes
bond
new
—————„——
18,767,613
advances,——————_
were
—__—..-—J127,250
income
16,623,316
Materials and supplies—
the
operations———:
16,620.511
—:J—-—-
refined oil products
Crude and
issue
.
Drug,
income
Interest
at cost—
4,260,655
at^ cost:-~_^.—i.-.——901,000
securities,
bond
year.
Loss from operation
21,117,408
its
was
-
of its
the old
on
'4y
Other
Corp. of N. J., of which U
and'which
in
000,000
are
returns, allowances and discounts— 138,913,407 121,997,977
sales, selling, general and admin, exps. 125,032,304 110,664,505
Profit
$
■
37%.,
these
By
were
bonds
new
less
of
"/■■■I.
!
1942
$
Government securities,
S.
refinancing
the
on
$
Cost
stock of Public Service
common
approximately
agreement with
$1.19
1943
Assets—
Marketable
the
Years Ended Dec. 31—
Total
——
to
refinancing
on
Consolidated
Consolidated Balance Sheet, Dec. 31
U.
requirements
per
provision for excess profits taxes required.
Cash in banks and on hand—.
owned
as
:
Dividend
Other
♦No
share of
bonds,
was
received
after
rquirements
(United
4,666,270
declared———
prior
2,700,000
4,666,270
year
dividends
Cash
old
economies
$475,000
Sales,
Profit for
the
refinancing
—
3,200,000
_—
are
1,451,244
1,500,000
Provision for wartime contingencies
"Provision
retire
this
year.
requirements
fund
$9,688,573
———
to
of
year.
(4)
19,477,505
—
-
per
Interest
(5)
Gross
effect
requirements
$650,000 per year.
(3) Sinking fund requirements
50,023,209
17,988,262
interest
$1,500,000 plus
2,885,050
—_—.$110,304,527 $90,774,209
—
sold and
1,820,516
„
Selling, administrative and general expense
three-point premium
approximate
ment.
Bond
(1)
products and merchandise—$108,484,011 $87,889,159
revenues
the
The
follows:
Years Ended Dec. 31—
Sales of petroleum
including
$1,368,555.
1487
on
preferred stock..———-2
Dividends
on
common
stock
—
—
520,301
6,877
9,821,177
15,092,427
1,912,865
3,825,968
4,650,355
10,463,299
$3,257,957
$803,160
share
of
a
Balance
-
$106,757,015;
Assets—Investments,
only) Dec. 31,
(Company
Sheet
Balance
1943
cash, de¬
$90,793; temporary
$22,593; accrued
current assets, $4,175; deferred
special fund, $31,365;
in banks, $2,687,716; special deposits,
investments, $4,580,000; accounts receivable,
mand deposits
cash
interest
$7,128; other
total, $117,711,493.
receivable,
charges,
$3,530,708;
stock
Liabilities—Capital
(no
23,252,005 shares),
par,
$48-397,418,
accrued Federal income taxes, $660,713,
$24,334; accrued commonwealth of Penn¬
sylvania taxes, $512,425; other current liabilities, $334,626; reserves,
$48,521,690; earned surplus, $19,229,662; total, $117,711,493.
Combined Earnings
Subs.) for Calendar Years
(U.G.I, and
Utility Subsidiaries—
Operating revenues-™-..
•Operating revenue deductions
2J,200,21.*
™™v—™—~
■
.
operating revenues
income, net_™
Net
Other
$5,654,935
—
—
™_™————■
424,206
$6,020,387
1,824,019
"stks.
pfd.
& other prior
122,852
118,276
$4,013,449
Divs. on
$4,078,092
1,350,307
deductions-
131,891
prior years
Post-war refund of excess profits taxes—
Provision for contingencies
applic.
$2,531,251
^Property loss
$2,572,606
$165,260
$215,032
10,865,262
Balance
"dividend preferred stock
$5
3,448,586
2,826,449
loans,
Assets*-Cash
banks-and on hand
in
U.G,I._™-——
income.
miscellaneous
Cpgsolidaied Balance Sheet, Dec.
31, 1943 (U.G.I, and Subs.) i*.
net amount by which
and equipment, $118,783,037;
investments in subsidiary companies
Assets—Plant
exceed the net assets
applicable to such shares at dates of acquisition or reorganization,
$6,724,658;
investments,
$63,504,441; sinking and special funds,
$232,624; advances and other accounts not currently receivable, $1,492,079; cash on hand and demand deposits in banks, $7,538,707; special
deposits, $630,749; U. S. Govt, securities (at cost), $9,042,200; accounts
receivable (less reserve for uncollectible accounts of $243,274), $2,008,932; Interest and rents receivable, $26,663;
materials, supplies and
merchandise, $1,254,576; deferred debits, $5,255,701; total, $216,494,367.
Liabilities—Capital stock (23,252,005 110 par shares), $48,397,418;
preferred stocks, subsidiary companies, $23,760,273; minority interest
in subsidiary companies, $4,428,623;
long-term debt, subsidiary com¬
panies (less held in treasury of $225,000), $29,206,000; long-term debt
and preferred stocks of subsidiary companies called for redemption,
including premium, $180,068;
accounts and note payable, $984,406;
book
the
$282,718;
declared,
dividends
matured
customers'
accrued
$191,546;
interest, $128,619;
Investment
Total
taxes
local
and
accrued, $1,191,963;
To
approving a proposal to change
the par value of the capital stock from no par value to $13.50 par
value, one-tenth of a share of $18.50 par value to be issued in ex¬
change for each present share of no par value.—V. 159, p. 1291.
will vote May 1 on
The stockholders
Pittsburgh.—V. 159, p. 51.
remainder will be made at
Under Mr. Selser's direction, the new office
will act upon applications for new
insurance, issue policies, settle
claims, grant loan and surrender' values, and in general, render all
Home Office services to the company's policyowners and their bene¬
ficiaries in the Territory.
Mr. Selser is a director of the company
and has been a member of the Executive, Finance and Real Estate &
Mortgage Committees of the Board.—V. 159, p. 1081.
dent, recently announced.
V.
Plant
Defense
The
159,
the
with
p.
Corporation
above
Plant—
April 4 announced a $2,240,000
a plant at Scottsville,
Va.—
on
for
company
1—
$36,273,067 $39,305,553
♦After deducting reserve of $139,393 in 1943 and $133,579 in 1942.
tAfter deducting reserves for depreciation and amortization of _$8,165,754 in 1943 and $7,674,279 in 1942.
iAfter deducting treasury tax
notes of $5,120 in 1943 and $2,503,783 in 1942.—V. 159, p. 775.
^
Co.—Accrued Dividend—
The
declared
have
directors
of 50 cents per share on
cumulative prior preference stock,
dividend
a
account of accumulations on the 8%
record April 4. Payments last
April 5, 75 cents, and July 7 and Oct. 11, 50
$25. payable April 11 to holders of
year
were
follows:
as
cents each.—V.
158, p.
1385.
O.—Arranges $600,000 Pri¬
March 31 completed arrange¬
ments through Lehman Brothers for a loan of $600,000
from the Equitable Life Assurance Society of the United
States. The loan, bearing an interest rate of 4^% per
annum, matures April 1, 1954, subject to repayment in
Univis Lens Co., Dayton,
1946.
annual installments beginning
Proceeds
Income
will
be
used
to
augment
working
13,014
of
1943
war
manufacturer
of
incorporated in South Carolina on Aug. 6, 1902. Com¬
manufacturing, finishing and fabricating of cotton
goods.
Company's
cotton mill produces diaper cloths;
soft-filled
sheetings to be finished and printed for nightwear; herringbone twills
for the armed forces; twills, drills, and similar fabrics for sportswear
and work clothing;
buffing cloths, etc.
As of Dec. 4, 1943 the mill
the
$979,938
*2,201,931
for
of 916,000 yards per week.
average
Prior
373,516
amount of Fed¬
post-war credit
the
by
dyed,
use
Issue—~
credit of $199,235.
1*.
cost____
U.
S.
Treasury tax notes,
U.
S.
Treasury bonds and notes
trade-
and equipment, cost
tBuilding and equipment, emergency facil., cost
Federal excess profits tax, post-war credit
Investments in and due from subsidiary cos.™
Other
buildings
277,477
244,322
Due
deposits
Reserve
for
79,548
205,731
payable—
$5,782,727
Selling
'
and group
on
Other
United States Pipe & Foundry Co.—Annual
After protracted investigations and
Net
Report—
the accumulation of a great deal
2,500,000
tax
in
1943
notes
of
taxes, per
of
the
The
classified
as
furnished
to
several
$2,700,000, even though 84% of the business that was
renegotiable was the regular product of the company
the Government under - competitive bidding and on the
basis of the prices in
the
local
closed to
was
was
to
board
the
reflect
arrived
at
management.
acquiesced
received
effect March, 1941, or lower.
on
this
this
deduction
of
The basis on which
$2,700,000
was
not dis¬
After careful consideration this deduction
in by the company, and the approval of Washington
Feb. 10, 1944.
The results for 1942 have been changed
settlement, which will require the company to pay
$270,000 In cash and reduce Its post-war refund on excess
profits taxes
by $243,000, or a total of $513,000, which has been deducted from the
reserve for contingencies established
at the end of the fiscal year of
2942.
The. difference between the
renegotiation settlement and the cash
Carl Stohn,
787,191
577,120
380.858
$3,116,360
$1,828,742
$660,751
36,725
28,756
18,469
$2,430,985
133,220
$3,153,084
199,692
$1,857,498
74,682
$679,220
$2,347,765
$2,953,392
$1,782,815
$627,333
was
also
recently
included
the
165,901
67,684
71,964
$2,447,155
$3,119,293
$1,850,499
$699,297
117,225
140,500
86,750
30,000
206,250
Federal
Est.
of
taxes-
before
202,500
331,600
152,500
728,800
2,500
$514,297
taxes
tax
income
1,652,125
2,164,800
Crl65,200
Cr215,800
$636,755
$827,293
$703,349
•130,000
350,000
150,000
$477,293
$553,350
profits tax
exc.
refund
post-war
excess
profits tax_
income
Net
to
2,500,000
Transfer
.-
reserve
for
•
readjust—-
to
reserve
for
100,000
contingencies
701,334
1,789,075
$406,755
$5,782,727
—V.
and
$1,150,720
$514,297
159, p. 682.
uncollectibility of $30,000 in 1943
Stohn Mill—
mill at Taunton, Mass.,
announced
by
Carl Stohn
Washington Water Power
Carl Stohn,
Prop,
ret,
456,473
(net)
395,282
121,045
108,184
4,999,437
1,742,317
1,219,154
1,093,314
5,151,852
1,256,281
1,119,297
1,091,490
»
90,547
90,971
$33^,999
2,104
$3,787,792
46,269
$3,400,974
2,755
$307,203
revenues
Other income
1944—12 Mos.—1943
$1,050,481 $12,842,014 $12,019,894
$304,448
approp.
res.
Net oper.
^
141,772
—107,444
taxes
to the above
Vice-President.
$1,100,684
Operating revenues
Operating expenses
Federal taxes
Co. (& Subs.)—Earnings—
1944—Month—1943
Period End. Feb. 29—
$337,103
$3,834,061
$3,444,613
43,639
Mill at Granby,
Gross
Interest
Delayed—
that, in
connection with the proposed merger of Virginia Electric & Power Co.
and Virginia
Public Service Co. and transactions incidental thereto,
the time for filing proposed findings and briefs had been postponed,
income
82,116
Miscellaneous
74,950
889,582
873,325
$225,087
charges
Net income
*
Virginia Electric & Power Co.—Merger
The Securities and Exchange
51,887
99,390
post-war
Canada.
The Taunton plant is
engaged in the manufacture of rigid and
stretch materials used in corsets, swim suits and other similar type
garments, and Mr. Stohn declared that the new owners planned to
continue in the manufacture of the same materials and when able
to do so would double or triple the size of the plant.—V. 158, p. 1078.;
sale
389,053
non-manuf.
income
Transfer
for amor¬
and $53,697 in 1942.
HAfter deducting
$1,100,000 and cash on deposit reserved
V-loan agreement of $1,301,166.—V. 159,
%
Inc.,
-
$2,426,154
54,831
:
profit,
Income
5~li~907
701,334
Verney-Brunswick Mills, Inc.—Buys
Sale
corporation
by
after
815,000
9,817,313
Surplus
Treasury
decreased
and
$1,041,609
deduction
State
5,744
2,205,065
$121,326
hearings the War Price Adjustment Board
decided that the profit from renegotiable business for 1942 should be
data
$2,405,862
income
Other
of
1,662,328
$3,903,550
income
Other
199,235
:
116 and 1193.
pp.
104,998
1,502
contingencies
for Federal income
contracts.
2,298,588
—
profit
Total
-
H234.200
company.
deducting reserves for
of
4,602,125
3,495,786
-
11,986
subsidiary
$25,000 in 1942. tAfter deducting reserves for depreciation of
1943 and $1,057,132 in 1942.
tAfter allowing for reserves
S.
11,246
25,860
contracts
in
U.
:
195,140
2,010
$8,380,088
tization
6,577,184
3,797,775
:—
expenses
Gross
Federal
surplus
•After
'
goods sold
expenses
$158,423
93,024
Capital stock (no par)
Capital surplus
Earned
658,652
10,889,520
under
refund
for
$2,000,000
—
British
to
$7,306,063
261,105
$8,380,088
interest
Accrued
1,861,462
$11,281,635
5,763,412
Bleaching and finishing
215,629
...
Customers'
3,518,887
$17,245,295 $18,947,508
of
Cost
5,693,944
bleaching
from
finishing
operations
Accrued taxes
$5,444,601
$7,762,747
merchandise- $11,481,884
Balance
donations
27, '41 Dec. 28, '40
$13,253,564
$2,815,207
and
Liabilities—
banks, V-loan
Accounts, royalties and commissions
Employees' income taxes withheld
Employees' deposits for war bonds
Fiscal Years EndedJan. 2, '43 Dec.
'43
199,235
211.762
80,656
Notes payable,
250
Inc.—
1,428,268
1,856,276
133,605
—
Reed & Co.,
Statement
48 Wks. End.
ricated
1,197
2,094
1,668,511
charges
;
Frost,
fab¬
and
cloth
of
714,376
assets
Deferred
Sales
750
750
500
Manning
512,036
1,131,088
1,452,213
Inventories
Co
&
M.
Alester G. Furman Co
Consolidated Income
270,248
'
J,
Other accounts receivable
tLand,
$199,723
917,836
sundry notes receivable,
and accruals
and
♦Accounts
Courts
renegotiation
$2,305,610
and on hand
Shares
Vivian
3,000
1,000
750
Citizens Trust Co
31
1942 "
and the
follows:
Crawford Co., Inc.—
G. H.
3.000
Law & Co
M.
A.
Prov.
.
preferred
Shares
Total
1943
demand deposits
on
—
$3.03
Assets—
Cash
stock,
effect the retirement of 9,725 shares of 7%
stock
(par $100).
Underwriting—The names of the principal underwriters
number of shares severally to be purchased by each, are as
$206,421
$4.08
Condensed Balance Sheet, Dec
Capitalization Giving Effect to Present Financing
"/V
Authorized
Outstanding
5% cum. (par $100)
10,000 shs.
10,000 shs.
stock
(par '$20)
50,000 shs.
50,000 shs.
j
Income
deducting post-war
of shirts and night¬
gowns.
400,000
$415,990
—~
various articles for
has undertaken the production of
and has eliminated the production
department
military
Dec. 4,
$606,421
-
finishing plant has been substantially reduced, the output of
sanforized and mercerized goods has been increased, and per¬
finishes are now being applied. The fabricating
Period-
paid
earned surplus
.
manent water-repellent
199,235
400,000
Net increase in
.
principal products of the cotton mill were
the
war,
$606,421
$815,990
Dividends
the
to
cloths, diaper cloths and soft-filled sheetings to be finished as
printed flannels for night gowns, etc.
As a result of the war, produc¬
tion of print cloths has been eliminated, and the production of drills,
twills and similar fabrics has
been added.
The printing of goods
print
contingencies in
eral excess profits tax
2,000 looms, 262 cards, and the
Loom production during
aggregated 43,983,000 yards, or an
equipment.
and supplementary
Dec. 4, 1943
ended
weeks
48
65,952 spindles,
included
usual auxiliary
ri, T. Mills
$3,217,156
at
is engaged in
32,975
$1,015,225
capital and to finance
multi-focal opthalmic lenses
for civilian purposes, and of precision lenses for the Government, had
a
sales volume last year of $4,387,350, and reported net income of
$329,464, subject to possible adjustments resulting from renegotiation
leading
a
221,817
_
Total
offered
being
$946,963
amortization.™
1.
Total
plant expansion in the postwar period.
Company,
256,357
$3,204,142
depreciation and
Balance
Salaries, wages and expenses
vate Loan—Company on
March
shares of common
less than five shares held,
$100 per share.
Such right
,
;
preferred stock for each five
each remaining unit of
stock
13.
Purpose—To
$3,460,498 4 $1,168,780
.-J
income—,™—
Provision for
1393.
U. S. Rubber Reclaiming
1942
1943
of
for
Company was
pany
Common
Statement for Calendar Years
Consolidated Income
Net
and
Preferred
•
offered the right to purchase the preferred stock to
stock' who had not waived such right, on the
common
preferred
Title of
Veeder-Root, Inc.—Annual Report—
Total
par
—
—
685,182
4,000,000
687,000
13,918,460
2,000,882
13,398,597
Manufacturing Co.—Pfd. Stock
share
one
stock held
,
♦After
contract
,
J.
$500,000
1,100,162
790.752
2,626,525
4,500,000
687,000
13,918.460
2,000.882
13,181,772
$500,000
675,091
407,855
Earnings per share
has appointed George M. Selser, Senior Vice-President,
to direct its new issue office in Honolulu, Mansfield Freeman, Presi¬
States Rubber Co.—Plans New
220,297
—
Total
The company
United
67,703
1
_
Co.—Honolulu Office—
United Statess Life Insurance
18,800,255
profits taxes
excess
Earned surplus
Provision
Foundry Co.—Big Contract—
A contract for $12,000,000 worth of blooming mill, structural and rail
mill rolling equipment for Soviet Russia has been given this corpora¬
tion
at Youngstown,
Ohio.
About 60% will be fabricated at the
Youngstown plant, assuring good operations the rest of this year.
The
United Engineering &
193,683
277,785
17,923,163
etc.
taxes, royalties,
wages,
banks
Reserve for contingencies
Common stock (par $20)
Capital surplus
Other
Change Par—
of
equipment
^Federal income and
.
10,000 shares of 5%
of
holders
expired
188,683
within one year—
Notes payable to
interest accrued, $251,949;
$564,818; deferred credits, $912,153; reserves, $28,429,236; contributions in aid of construction, $830,064; surplus and reserve applicable to U.G.I. Co. (unappropriated sur¬
plus, $23,515,272; reserve for possible losses on investments, $48,490,325), $72,005,597; total, $216,494,367.
158,000
500,765
.
accrued liabilities,
and
other current
—
-
,
Company first
Liabilities—
Accrued
above.-
President, Etc.—
"
basis
$36,273,067 $39,305,553
payable to banks, due
Accounts payable
:
to
Offered—
cumulative preferred
stock at part ($100 per share) was recently completed by
H. T. Mills, A. M. Law & Co., Citizens Trust Co., Courts
& Co., G. H. Crawford Co., Inc., Vivian M. Manning,
Alester G. Furman Co. and Frosty Read & Co., Inc.
;
the
'177,885
unconsolidated, at cost—
Miscellaneous investments, at cost—
tLand, buildings, equipment & intangibles
Prepaid expenses and deferred charges.
Notes
Made
King and E. P. Taylor have been elected members of the board
and Mr. King has been
named as President.—V. 156,
sale of
such
subs,
in
-Offer
Ltd.—Control-
Brewery,
Ware Shoals
The
5,431,299
158,000
tax
adjust, of prior year Federal tax under
carry-back provision of Internal Revenue Code
Investments
1,979,655
•
1696.
3,950,513
Est.
deposits, $317,012; accrued Federal income taxes, $3,109,447;
excess profits taxe.s, $1,322,457; other Federal taxes accrued,
State
2,483,168
3,830,217
5,431,300
Inventories
of excess profits
$3,532,110
*•1,250,000
5,491,611
$2,961,318
2,550,865
,
obligations, at cost—
receivable
♦Accounts and notes
Post-war refund
$8,822,459 $12,012,850
——$0.38
$0.52
•Operating expenses, maintenance, provision for depreciation, re¬
newals, replacements and amortization and provision for taxes. tDividends, other
than on common stocks of subsidiaries, interest and
applic. to com. Stk. of
Earnings per share™
Bal.
$2.37
$2.31
——
in 1942 for interest
etc.
fLess applicable Federal income tax of $137,040.
Comparative Balance Sheet, Dec. 81
3942
1943
U. S. Government
$10,735,324 $15,838,818
3,825,968
1,912,865
++*
on"
Dividends
—r
bank
on
1,565,827
3943 and $3,889
in
2,752,065
$1,655,646
$1,608,671
,
$117,581
tLess
954,748
directors
of
Cr500,765
Federal tax„
1,391,846
16,499,766
$13,561,773 $19,287,404
U.G.I.™
and other deducts, of
Expenses, taxes
New
C. S.
$1,655,646
$1,107,906
1
share
per
.
Breweries, Ltd.,
Canadian
See
G87.000
dividends
Cash
•Restated.
stocks of
above)
Crl58,000
205,560
—
.
4,460,587
2,334,694
2,188,821
1,234,620 ..;1,271,392
..
income..
oper.
Walkerville
p.
surplus
1,345,536
Minority Stockholders—
.
Adjustment of prior year's
4,592,350
2,311,511
1,269,036
4,697,848
5,127,957
railway...
railway
from
ry.
—V. 159, p. 1082.
195,077
$2,309,981
-
:
Earnings
U.G.I. Co
tOther income of
from
Net
Net
1,622,300
7,226
only in 1943)
profits taxes (subs,
$2,076,400
986,421
545,914
January 1—
From
Gross
613,016
income..
oper.
$2,215,146
1,117,691
609,649
1,110,068
railway
from
ry.
1941
1942
1943
1944
$2,489,235
$5,062,223
1,060,200
$2,042,728
722,036
:
surtaxes
and
$4,655,036
; .407.187
Additional Federal taxes for
Balance,
applic. to U.G.I.
dividends on cumul. pfd.
to U.G.I, (deducted
Deferred
subs.,
$2,697,028
124,422
——--
of Utility subs,
income
normal
Co.—
U.G.I.
~i.
Balance
$2,663,142
Bal. of earns,
Total
Excess
21,391,132
452,313
$1,536,756
505,972
Net
Net
-—--
argument will be an¬
682.
p.
from railway
Gross
1,381,064
income—
former interests
Minority &
—■
$5,596,181
309,933
*1942
13,423,860
634.676
—
.
Federal
fund, appro, of net
Sinking & other
& amortization
Operating profit
tOther income
$5,964,868
1,828,567
——~—
deductions
Income
*20950074
—
income
Gross
1942
1943
159,
February—
$15,595,292 $26,498,481
Sales, less returns and allowances
Manufacturing costs, selling and administrative
Any change in the date of
J 9, 1944.
later.—V.
April
on
nounced
Virginian Ry.— -Earnings—
J943
expenses, etc.
Prov. for depreciation
possible changes in the merger and financing program.
Under
the schedule previously announced the proposed findings of the staff
were to have been
filed April 1 and oral argument was to be heard
tain
Oct. 11, 1943) ' •;
subsidiary dissolved
(Including wholly-owned
Division
Utilities
Calendar Years
Consolidated Income Account for
accrued other
now being had between the staff of the Public
and representatives of the companies regarding cer¬
of discussions
view
in
payment of $270,000 Is applied as a reduction of excess profits tax
for the year 1942; however, by thus reducing the excess profits tax it
reduces any roll-back claim which the company may have in 1944
against the remaining excess profits tax of 1942.
Furthermore, any
relief as to tax reduction in connection with the company's claim which
has been filed for adjustment of its excess profits credit base, under
Section 722 of the Internal Revenue Code, would be reduced because
of renegotiation.
'
% .
payable, $30,625;
Federal taxes,
accounts
Monday, April 10, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1488
$262,153
$2,944,479
300,000
$2,571,288
$2,644,479
$2,571,288
reservations of net income
Balance
—
622,518
622,518
$2,021,961
$l,948,77p
Commission announced April 3
Balance
—V.
159, p.
1393.
I'<!
pi,
Volume
West
159.,
Penn Power Co.—To
The company
capital
of
amount
classification
sion
will
of
of
order
Reduce Stated Capital-r-
accounts
adopted
to
available
by
create
for
and
accounts
2089.
p.
in
be
its
system
and
THE COMMERCIAL & FINANCIAL CHRONICLE
has asked the SEC to approve
$10,000,000
which
uniform
Number"4271
,
in
use
prescribed
the
capital
by
Pennsylvania
surplus
connection
adjustment
of
U.
Feb.
on
Ry. of
1944
Net
Net
ry.
Cash
Power
Yazoo &
Commis¬
Commission.—V.
158,
from
Net
ry.
1941
'$383,319
$246,554
$159,929
'146,418
76,505
30,198
Net
46,189
46,890
37,365
11,888
Net
Gross
Net
ry
891,937
817,189
343,510,
..
347,706
income--
oper.
94,319
492,534
105,346
72,610
32,083
last
of
Steen,
with
year,
Government
was
and
March
business
than
more
ment
sales
the
dropped
offset
supplies,
dividend "of
by
he
50
off
the
largest for
50%, during
demand
said.—V.
cents
the
on
month
any
the
of civilian
159,
share
per
$4
on
been
$2
stock amounted
;
prior
quarter,
dentists
but
for
this
equip¬
declared
on
1944.—V.
159, p.
,
which
gram
meeting held
company's
is
The
it
200,000th
was
on
"milestone"
it
April
in
explained
was
4.
the
by
manufacture
Ward
M.
1,
1940,
by
by
other
auto
Late
■
•
ingot
in
Although
D
bonds
In
in
directors
in
made
the
for
are
1943
In
addition
of
to
these
center
addition
as
forgings,
shells,
2,483,473
the
$45,000,000
further
a
reserve
against
company
years
Interest
the
of
business
renegotiation
taxes
discussion
for
and
or
1942,
the
As
the
result
a
entered
company
repayment
The
lor
with
under provisions
governmental
of
the
same
agencies
law,
due
"It
trailers,
Statement, Years Ended
hoists and other armaments,—V;
159, p. 1082.
and
Woohvorth
Gross
Cost
sales
of
(less discounts,
returns &
taxes of operating
Selling,
general
Provision
for
&
administrative
projectile
commission
of
50
Other
profit
subscribed
over
in
elapsed time
received for 11,057
basis of 81.4%.
There
1,065
51,096,951
2,143,104
The
shares, and allotments
1,283,823
784,017
2,226,786
2,323.903
99,611
87,587
6,565
7,849
_____
funded
on
debt
Provision
tion
on
of
tion
directors
June
1
have
to
declared
stockholders
dividend
a
of
record
of
May
plants
and
cents
income
expressed
would
it
States
could
secure
impasse
its
use
some
view
if
as
for
Hoover
his
as
seem
it
United
"good offices
of
out
way
Finland."
this the time
has
that
the
contingencies
for
for
year
Preferred
dividends
per
"Is
statement
a
to
Finland's
piration"
that
as
of
press
on
"Whole
peoples
their
"Democracy
the
as
world, unless such
the Finns are to have
independence and lands
re¬
stored."
as
given
in the New York "Times" follows:
solution
question
tance
For
is
of
to'the
300
years
of
ihe
Finnish
profound
future
of
Finland
three
■'
and
we
years
had
impor¬
freedom.
has
been
the symbol of the struggle for lib-*
were
of
50%
of
orders
$5.66
Sjn
Indeed, she
expelled
have
such
Hungary.
as
come
h^r' experi¬
From
ence, she fears to "give ah' invita¬
tion to her enemy of centuries to
The Germans in Finland
alone
seriously
millions
was
over
in
war
in
and
to
com¬
States,
attack
good
.building
seem
out
of
The
to
and
collabo¬
to
self-government
in
that
offices
Russia
agreed
freedom
would
the
world.
could
we
secure
It
use our
some
way
way
the
impasse for Finland.
this problem is handled
will be a profound indication of
the
future of collaboration.
Is
night from
this
have
this
has
not
the
time
indeed been difficult.
She ..had
the option of joining
Germany or
of being raped by the
ernment have
place
for
the
like
and
application of those ideals so
lately and so well expressed by
Mr.
Germans,
Belgium, and in making her
decision
she
doubt im¬
was.^no
pelled by the hope of recovering
her homelands again; but
that has
class
happened
her with
Germany.
In
no
cannot
cannot
do
the
to
fighting.
impossible of
interning the German Army with■
not
must
be
exerted
have
peace
peoples
their
pe?,ce
can
refunding
v
the
the
company
for
example,
additional
At>
will
capital
outstanding convertiblp-
'
'
,
1,675,008
-
shares
of
stock
common
preferred stock.]—V.
Consolidated
.
"
.
153, p. 881.
Earnings
1944
.
1943
"$5,112,138
$4,048,495
taxes———3,452,921
profits
2,678,951
un¬
the Finns
are
independence
are
pnd
the Amer¬
people likely to accept
any
which does not extend the
|
independence
'
less diminish them.
of
nations,
March 29, stated in part,
on
.'v,
1
;
is
continuing
orders
of
to
continue
benefit
hearing
produce
to
the
to
t
■
persons
large
quantities
of
war
exceed
$100,000,000.
effort, through placing large
war plants,
the company has
war
in
sufficient
secure
its
above
on
Radionic
new
the
previous
hand,
159,
it
p.
is
In
year.
expected
view
this
of
the
increased
1082.
substantial
rate
of
backlog
shipping will
.
S.
Foreign Trade
much
Carson, Vice-President, Amer¬
& Foreign Power Co.,
Inc.;
ican
E.
F.
Johnson,
'
At
the
annual
meeting
of
the
Standard
board of directors of the National
Fred
Foreign Trade Council, Inc., held
in
India
House, New York, on
March 24, the following officers
Trust
P.
Thomas, Chairman
and President; William S. Swingle,
Vice-Chairman
dent;
and.
Vice-Presi¬
Robert H. Patchin,
Lindsay Crawford,
urer;
Treas¬
Secre¬
tary.
Members
of
consultant;
Assistant
staff
the
Alexander
Dr.
include
V.
Dye, economic
Robert
A.
Breen,
Secretary;
E.
L.
Behr,
Oil
dent, Anaconda Wire & Cable Co.;
H. Lindeman, Treasurer, The
L.
Co.
Robert F. Loree,
Vice-President,
Bank
following members of the
were
elected
as
members of
John
Abbink,
Motors
of
William
man
and
The
the
S.
Chase
National
City of New York;
Swingle,
Vice-Chair¬
Vice-President, National
Foreign Trade Council; Eugene P.
President,
Publishers
ness
General
Corp.; Joseph C. Rovensky, VicePresident
The
Vice-President,
Guaranty Trust Co. of New York;Clark H. Minor, President, Inter¬
national
General
Electric
Co.;
Leigh C. Palmer, Vice-President,
American South African Line, Inc.;
Robert H. Patchin, Vice-President,
W. R. Grace & Co.; Edward Riley,
Jr., Assistant Treasurer, and Ken¬
Board
Counsel,
(New/Jersey);
Director, Bankers
Kent,
Co.; H. D. Kerbsey, Presi¬
neth H.
Campbell, Trade Adviser.
General
Co.
I.
Texas
re-elected:
Eugene
be
in the world
as
-
...
Council Officers
Gov¬
our
obligation to the
long view there
lasting
ican
cease
an
lands restored. Nor
is democra¬
and freedom.
She
of
raise
to
year
taxes
the Executive Committee:
the
less such
We cannot forget that
Finland wants to
Does
which
now?
despite
the other allies of
her whole aspiration
cy
we
Hull?
future
to
continue,—V.
National
were
United
rate
their home of three centuries.
situation
for
as,,
such
,
may
pii^dteict' her
seizures
The
pelled to surrender a fourth of
her land while 400,000 of her
peo¬
ple
825,000
4,187.520
from
Britain
been
10,305,706
of
825,000
need all her forces to
before,
unprovoked, attack
an
subscribed
coming
outstanding
excess
the great
hard
of
able
'<"$4.31
-v,
,
cannot
President and
Americans,, she
subject to
all
Mr. Hoover's statement
The
most
Her
"In the long view" Mr. Hoover
declared, "there can be no lasting
in
than
desirable
Corp.—Earnings Higher—
■
Unfilled
3,350.000
.""
Russia.
in the view of the
as¬
and freedom'?.
peace
democracy of the Fin¬
help her. In the end she
the
March 24 Mr. Hoover said that
"the solution of the Finnish
ques¬
tion is of profound
importance to
the future of freedom."
He de¬
scribed
and
it
funds,
materials to substantially increase
pro¬
Hearing Aid.
It will be some time, how¬
ever, before the current backlog of orders is filled.
~
The company's subsidiary,
Wincharger Corp,,;of Sioux City, Iowa,
producer of wind-driven electrical equipment for farms and
electrical
dynamotors for military and aviation, has been
shipping at a r?tav
3,250,000
,
8,037,442
v
share
in her borders.
to
been
duction
19,780,000
1,650,000
___
____
common
aid her.
people.
Less
not
and
place," he says
"for
the
application
of, those
ideals so lately and so well ex¬
pressed by Mr. Hull?"
In
Finnish people was not to
spread
but to preserve the lib¬
nish
—
dividends
Nazism
erty
the
purpose
has
and
company
material.
4,920,000
.
Earnings
was
entrance into the war on the side
of Germany. As ill-advised as
her
action
was,
the purpose of- the
the
making
capital
reconversion to peacetime operations.
directors do not believe it is likely fhat it
renegotiation are considered
the management.
Any adjustments necessary should not
greatly affect the net result reported herewith in view of the exist¬
ing high .excess profits taxes.
11,998,135
5,023,750
13,376,250
__________
..
President
desirable.
opportunity will present itself to
outstanding through the issue and
McDonald, President,
numbers
13,199,959
tax,
Americans, the friends of
Finland, profoundly regretted her
Former
arise
Estimated
Because of
emergency facilities-—
income tax and surtax—,
Common
pay¬
amount
obligations during
directors',
the share¬
the coming
adequate by
deprecia¬
.
share,
per
like
A
definite
any
The
by
Reserves .which have been established for
equipment, and amortiza¬
Excess profits
Distribution—f.
50
20.-
mind
securities.
authorized
appear
an
in
have
be
or
within
/,
The
_____—,
of
Normal
Profit
Wrigley, Jr., Co.—50-Cent
authorize
to
debentures.
war
follows:
as
expense, less
company,—
depletion of minerals,
for
erty.
to
•
of bond discount and
holder of subsidiary
Bids
made
proposal
a
profit after taxes—1^4—
$1,659,217
$1,369,544.
"After depreciation, excise taxes and
reserves, including reserves for
voluntary price reduction on war contracts and renegotiation.
53,457,201
premium on funded debt.!..
Proportion of profit accruing to
minority share¬
was
minutes.
S.
Net
2,360,251
44,904,186
Provision
(Win.)
able
15
U.
and $21,-
1943
new
they,
remaining
may
the
company
Federal
212,392
865,8?3
42,761,082
charges
Amortization
were 100 purchases
by 37 firms;
the largest allotment, 10 the smallest.—V.
159,
was
776.
p.
of
Co.,
on
now
any
convertible
should
that
9 Months Ended Jan. 31—
6,373,042
——
income
Interest
per
& Beane and Shields &
were
a
Other
the
on
vote
not
of
that
issue
Operating profit before
1,563,686
____________
_
income
Total
share with a
The issue, offered b,y Merrill
cents.
Lynch, Pierce, Fenner
made
in
,
for
reserve
ULess
1942.
—
Gross
^
was
will
issue
additional
fo'r the
except
25
does
and
convertible
to
Zenith Radio
,
158,308 053
6,833,4.15
/
accounts
general expenses——
in
1943*
issue
150,000 shares of $100 par 5V2%
,
expenses——
and
tLess
1942.
in
depreciation
-
properties—,;^—173,721,222
doubtful notes
:
.
for
in
$272,327
interest:1 $16,768,210
debentures."
i.1942
re-
$2,785,606
depletion and
year
issue
conditions
desirable
funds
to
possible
time
allow.)— 224,879,404 217,856,560
including maintenance and
plants and estimated provision
of
for
up
to ,300,000 additional shares of
from the date of authorization.
contained in the notice to stockholders of the
debentures
present
4%
.
April
and
the
bcorne
$
sales,
pairs
■
Co,—Special Offering—A special
offering of 9,000 shares of capital stock
N. Y. Stock
Exchange March 30 at $38%
accrued
one
an
termination
[The
■
and
1943
desirable
raise
of the
and
■>
accounts- of
$156,190,803
in
directors
such
new
of
E. F.
(F. W.)
on
it
create
the
Dec. 31
1943
41,793,305
says:
of
entirely
"Other
to
>
and
and
reserve
.
Consolidated Income
■;r'
powder
to
case
Is
promptly
the
subject
amended.
as
and
directors
believe
refund
1942.
is
24,185
—46,306,231
notes
tLess
1943
within
board
■
the
amphibian
of
meeting
in
year
pro¬
from
188,606
5,250,000
22,620
15,000,000
15,000,000
,,105,088,053 105,088,053
shares)
par
158,025
5,400,000
253,606,668 260,248,971
$317,433
announcement
holders
years
during
In
of
stock
however,
written
a
no
doubtful
plan for the creation
Government
into
of earnings is
business
transacted
3,843,833
158,025
148,806
1942,
board
common
"The
such
par)__^_,
1942.
The:/stockholders
the
Treasury
of
68,636,083
2,030,270
To Increase Common Stock—
sale
proceedings with
in
for
in
$166,509,287
annual
:•
60,270
60,175,811
—
Treasury tax notes
Federal
with;the
year_„
4,319.240
($100
reserve
in
487,948
266,368
435,130
(1,675,008
$2,838,251
345,052
2,579,870
4,552,82 7
*
443,683
*
1——
amortization
United
the
stock
-
assess¬
„
Government
1943
for
-
!
plants
stock
"Less
and
con¬
••
transacted
refund
Federal
and
/
Government
to
by
renegotiation
business
no
thereon.
audit
subsidiaries
income
—
surplus
Total
:
:
2.242.843
relining and rebuilding furnaces &
for
Common
222,731
.
,
2,282,001
2,323,887
—
workmen's
Earned
both inclusive, by payment by the
taxes
(charged against the .reserve
additional
under
its
(Federal
of
Preferred
1929-39,
and
386,434
724,472
wages
group
first
of
reached an agreement with the
for the settlement of deficiency
the
conducted
that
company
company is engaged in the volume
Corrnir fighter plane, aluminum
for
to
on
1,687,077
war
compensation insurance
life insurance——i.—
Reserve for contingencies—
Minority shareholder's .equity in subsidiary co,
2,869,867
3,216,001
to
liabilities
Reserve
:
...
the
agreement
O.her
the
cars
sections
3,857,714
employees
206,25(1
,
2,069,584
Reserve for
1940
charge of $1,650,000
company
the
now
for
,
aircraft
1941
for
renewal
;
3,970,992
3,243,046
authorized
Department
against
taxes
ceedings.
divulge the present rate of production, Mr.
Canaday stated that "our aggregate monthly shipments from scout
car
sub-contractors would fill a
freight train of more than a thousand
cars with
enough left over to load a motor fleet of nearly
3,000 trucks,
desnite the fact that we make a
large number, of the nearly 9 000
parts that go into every Jeep."
production
Reserve
$5.66
repre¬
of
debt payable within
debt outstanding—
Funded
.
$4.31
4
5,991,763
206,250
1,768,218
—
taxes
interest
accrued
Funded
.
1943
Company's
"V;'
99.8%
6,286,388
—
subscriptions
on
(general)
taxes
Accrued
Other
10,305,706
pig iron production
1.644,715
253,606,668 260,248,971
of payments—
excess
taxes
HAccrued
■
the
of
additional
an
Company
unable-, to
<5
233,046
1,756,184
__
payrolls
Accrued
V
217,856,260
101.1%
8,037,442
■
'1942
4,122,501
full.
Department.
fast-moving scout
President, dates from
'v..V'
and
3,466,078
company of $1,780,000
for contingencies) plus
200,000th
concerns.
■
$
■
_T
1942
-
40.518.23A
186,767
*
______
and State
Accrued
of
paid
Treasury
ments
inception of the Government contract, he said, the
company's
its commercial vehicles—whicn
utilize
the
same
^engineout on adjacent
assembly lines.
However, six weeks ,a!fter
Harbor
all
manufacturing facilities were converted 100%
to
work.
war
'
V,
'
received in
Federal
1942,
three
materials.
turned
Pearl
:1943
.'
and
were
compared with
as
against earnings.
The
originally established this reserve in anticipation of reduc¬
in inventory
values, for unusual repairs and replacements of
machinery and equipment caused by extraordinary
wear
and
tear
through the period of capacity operations, to provide for accelerated
depreciation of special war-time facilities, if the
period of amortization
allowed by law is less than 60
months, and for unusual depletion of.
States
132,264,487
at cost.
_
Employees' payments
savings bonds—
-
tions
At the
Jeep
'
directors
raw
121,945,964
__
years the company has reduced' its funded
$25,505,000.
The $30,000,000 of serial notes
1940, and the $10,500,000 of serial debentures dated
maturing serially from 1941 through 1947, have been
the
1943
tingencies
1911, when the company's vehicle was selected as "standard"
the Army after undergoing extensive tests with
pilot models sub¬
mitted
of
series
In
9,993,230
——
Accounts payable (trade)
Preferred dividends payable—!
7'6,937
>■■■:,
amount
15,
and
*
2,054,000
21,225,087
Liabilities—
501,210
'
,
the
licenses,
—4^—
Totfcl
company now outstanding, there are
outstanding $14,995,000 convertible 4%
debentures of .the
company,
maturing on Sept. 1, 1948, of the original issue of
$30,000,000 thereof:
the
Canadaj%
June,
the
1940-41
;r
of
1,914,419
—;—I——224,879,404
i
period
a
mortgage
147,
"Jeep" has rolled from the company's assembly
lines,
announced
This
cars,
.•'•
production—_
Aug.
income
Produces
1943,
-
1943
in
Nov.
on
Willys-Overland Motors, Inc.
"Jeep''— vv:v-\ >V;.VC;
and
charges
'2,262,140
.
redeemed
March-30, E. Perry Holder, President,
rehabilitation and improvement pro¬
operation.—V. 159, p. 1194.
V'vj.tC.!.. ■■
-J
in
year
: •' '
,
figures of steel
tons:
iron
Over
five-year
already
following
dated
is
the
'
'
-
(net)
production
debt
months
At the annual
1,445,966
operated—
"
Pig
of
has been acting in the
capacity of General Su¬
the company's Buffalo plant.
■
General Superintendent at; the Mprgan plant of the
company
in
Worcester, Mass.
This
division
manufactures
springs,
formed wires and bright wire
goods.
Mr. Dunlap and xMr.
Early will continue their present duties and
responsibilities with the company.
outlined
J
..
.
net
Steel
perintendent at
Early
2,403,717
1,126,313
972,253
.
usual
Dunlap and E. F. Early have been elected Vice-Presidents.
Dunlap was previously Assistant to the President and for
Mr,
'111,237
108
p.
of# operations for the
capacity
-
account
R. T.
past several
^Patents
Deferred
102,537
4,275,871
profit
_____——
v
ftet profit per common share (after
payment of
regular preferred dividends for one year)_.
Wick wire Spencer Steel Co.—New Vice-Presidents—
Mr.
.
The
1,
6,095,939
Net
convertible
per share as of Feb.
159,
■
preference
to $50.50
6,169,191
2,559,374
railwayincome—
'
record.
10,650,000
19,228,449
10,674,977
fLand, mineral properties, dwellings, etc.
'
881,382 V,
$
52,316,163
41,133,678
Investments
$959,192
follows:
Ingot
preference stock, no
quarterly dividend of 50 cents perstock, par $20, both payable May 1
to holders of record April 20.
Like amounts were paid on Feb. 1
last,
and in each quarter during 1943.
Arrearages on the $4 preference
the
on
railway——!
results
""
587.
p.
has
cumulative
value, in addition to the
par
share
411,069
oper.
as
sent
A
670,776
Volume of sales
White Sewing Machine Corp.—Accrued Dividend—
accumulations
income—..
from
..
President, at the annual meeting, held on April 4,
during the first quarter of 1944 were slightly ahead
sales
1,103,470
from
The
(S. S.) White Dental Manufacturing Co.—GainE.
$2,229,865
976,968
A >
1942
„
48,030,650
„
January 1—
ry.
are
that
$2,761,141
1,783,498
Youngstown Sheet & Tube Co.—Annual Report—
159, p. 973.
■___
—
Ore
71,965
hand
on
___
334,842
143,394
%
1943
$
and
Inventories
1941
1942
$3,580,472
"Deficit.—V.
railway—!
railway
from
Net
railway
oper.
From
1942
January 1—
Fred
1943
railway——
from
'178,820
from
stated
1944
banks
S. Government securities (at
cost)—
"Notes and accounts receivable
Mississippi Valley RR.—Earnings-
February—
in
31
,
'
U.
1943
income
oper.
•
re¬
"$445,870
railway-—!
railway—_L__
from
IJalance Sheet, Dec.
_
the
Alabama—Earnings—
from
Consolidated
Assets—
any
,
February—
—V.
i,
.
Western
Gross
last.
Payments during 1943 were: as
1 and May 1, 50 cents each; June
1,
and Aug. 2, Oct. 1 and Dec. 1, 50 cents
1,
March
under
Gross
From
April,
2, 25 cents;
cents, plus 25 cents extra,
each.—V. 159, p. 1393.
Net
Gross
and
1
Jan.
25
this
of
with
books
its
the Federal
P.
paid
follows:
reduction in its stated
a
a
1489
Busi¬
International
Thomas, Chairman and President,
National
Foreign Trade
Council;
Corp.; P. W. Alexander, Chairman,
Wilbert Ward, Vice-President, The
Wessel,
National City Bank of New
Booth,
Sierra
Duval
&
Chairman
Talc
Co.;
Co.;
of
M.
Willis
the
W.
H.
Board,
Bowen,
John
and
W.
White,
General
York;
Vice-President
Manager,
Westing-
Socony-Vacuum Oil Co.; Charles
house
R.
George W. Wolf, President, United
Carroll, Counsel, General Mo¬
tors
Overseas
Operations; James
Electric
States Steel
International
Export Co.
'
Co.;
s
.
'■
COMMERCIAL & FINANCIAL
THE
Monday, April 10, 1944
CHRONICLE
1490
City Department
State and
NEGOTIATIONS
BOND PROPOSALS AND
6,000 4l/2% fire
Due
$5,000
ALABAMA
Housing
Authority, Ala.
Bidders — The following
other bidders
was sub¬
Alabama
Fairfield
Other
of
list
$1,000 April 1, 1954.
ages
49,000 41/2% harbor bonds.
Due
/;
$5,000 Nov. 1, 1945, $18,000
May 1, 1950, $6,000 Nov. . 1,
1951, $5,000 each on Nov. 1,
1952 to 1953, and $10,000 Nov.
-
.
Smith & Lombardo, for
$39,000, l%s, a net interest cost
of 1.7039%; Equitable Securities
Corp. for $17,000, 2V4s, $13,000
2s, and $9,000, l%s, a net interest
Stubbs,
"7
50,000 5V2% harbor bonds.
Due
$10,000 Nov. 1, 1950, $15,000
Nov. 1, 1954 and $25,000 (reg¬
istered) Nov. 1, 1955.
Sue
Martha
—
Clerk, submits the
Johnson, City
following list of other bidders in
connection with the sale of the
$70,000
revenue
sewer
Sept. 1, 1944, $5,000
Sept. 1, 1946, $5,000 Sept. 1,
1949,
$3,00Q' Sept.
1,
1950,
$5,000 each on Sept. 1, 1953 to
1956, and $10,000 (registered)
Sept. 1, 1956.
20,000 41/2% incinerator bonds.
Due $10,000 July 1, 1949, and
$10,000
for
Walter R. Bass Co.,
1195:
at 102.27, and $29,000 at
102.27; Lewis W. Cherry Co., for
$70,000
$70,000 at 96.525, and $29,000, at
96.525; J. J. Raney & Son, for
$70,000 at 94.00, and $29,000
103.81; E. L. Villareal & Co.,
$10,000 on July 1, 1952.
16,000 43/4% library bonds. Due
$7,000 Feb.
1, 1946, $4,000
Feb.
1, 1951, $2,000 Feb. 1,
1952, $1,000 each on Feb. 1,
at
for
$29,000 at 100.68.
CALIFORNIA
1954 to 1956.
$1,980,500 Cali¬
fornia municipal bonds offered for
sale on April 4 by the State Em¬
ployees' Retirement System were
follows:
as
of Brea water
City
6%
$14,000
Levy
works bonds to Lawson,
of San Francisco,
& Williams,
at
Due $500 each on
131.297.
1944 to 1971.
5.000
4%%
City
of Burbank
sewer bonds to Blyth & Co., of
San
Francisco,
Northern
Nov. 10,
•
Co., of Chicago, Heller,
Bruce & Co., Weeden & Co.,
Kaiser & Co., all of San Fran¬
Trust
cisco, and William R. Staats,
of Los Angeles at 128.60.
Due
Nov. 1
1959.
Compton Union High
25,000 5%
America
Bank
of
Trust
■'
and
Savings
San
of
tion,
Due
131.596.
the
National
Associa¬
to
bonds
District
School
at
Francisco,
$5,000 each on
July 1, 1953 to 1957.
1,738,000, City of Los Angeles
City School and High School
Districts bonds to the Bank
of America National Trust &
Savings Association,' of San
Francisco,
at
124.575.
The
bonds are divided as follows:
4,000 41/2% branch library bonds.
Due Dec. 1, 1951.
12,000 4%% bridge bonds.
$7,000 July 1, 1946, $5,000
1, 1952.
bridges
41/2%
Due
bonds.
$4,000
Due
viaducts
June
1,
\
bridges
4%%
5,000
bonds.
viaducts
April 1, 1954.
Due
City Hall bonds.
Due
$20,000 Aug.
1, 1952,
$5,000 each on Aug. 1, 1955 to
4%%
30,000
1956.
5,000 43/4% City Hall bonds.
Due
Aug. 1, 1945.
4%
45,000
.
electric
plant bonds.
$5,000
Nov.
1,
1948,
$20,000
Nov.
1,
1950,
and
Due
Due Oft
130.000
Due
1
10^9
5%'electric'plant
$10,000
Aug.
1,
bonds.
1944,
$25,000 each on Aug. 1, 1949
1950/ $5,000
to
-$30,000
/
Due
$5,000 Feb. 1, 1954.
41/2%
195,000
Due
bonds.
Aug.
Aug. 1, 1952,
1,
1955
and
July
$35,000
1,
1952, and $40,000 each on July
1, 1953 to 1956.
receiving
4V2%
5,000
Due Nov.
bonds.
1,000 4V2% sewer
April 1, 1954.
Due
bonds.
1, 1955.
bonds.
Due
1947, $20,000
1, 1951, $10,000 Feb. 1,
and $10,000 (registered)
50,000 5%
sewer
$10,000 Feb. 1,
Feb.
1956
Feb. 1,
4%
52,000
1956.
street
bonds.
Due
construction
Jan.
$5,000
1,
$5,000
Jan.
1,
1948,
$1,000 Jan. 1, 1948, $11,000
Jan. 1, 1949, $25,000 March 16,
*1949
and
$5,000 March 16,
1945,
1954.
5,000
4%%
street
construction
Due Aug. 1,
2,000 4%%
1952.
viaduct bonds.
Due
1950.
1
4% water bonds.
Due
$1,000 April 1, 1945, $1,000
Dec. 1, 1946, and $50,000 April
1, 1948.
15,000 41/4% water bonds.
Due
$5,000 Oct. 1, 1953, $5,000 Jan.
1,
1954, and $5,000 Oct. 1,
52,000
1956.
v
123,000 3V2% water bonds.
Due
$30,000 July 1, 1947, $25,000
July 1, 1948, $5,000 July 1,
1950,
$25,000
Nov. 1,
$8,000
Dec.
1,
1951,
July 1, 1954, $15,000
1954, and $15,000 Nov.
■
31,000 4%% City
5% water
$5,000 Sept. I,
1,
Nov.
bonds.
Due
1946, $25,000
1948, $10,000
Sept. 1,
purchase
the
for
of $500,000
22, 1944.
The
notes will be certified as to gen¬
bonds.
Due
The
at
—
Due
120.241.
will be dated April
Denominations $50,000,
$25,000 and $10,000. Dub Nov.
1944.
Issued in anticipation
follows:
as
validity by the First
notes
1944.
12,
of San Francisco,
& Williams,
Nov.
Due
uineness and
'
13,000 5V2% City of San Fernando
water bonds to Lawson, Levy
1953.
First
the
Boston, and will be
livery
on
22,
of
1944. Payable
National Bank of
Sept. 1,
due
taxes
at
$1,000 Feb. 1, 1946, $2,000 each
-on Feb/1, 1947 and 1948, and
$2,000 each on Feb. 1, 1950 to
Farmers
1,
high school dis¬
Due $2,000 Sept.
1, 1945, $1,000 Sept. 1, 1946,
$1,000 Sept. 1, 1949, $7,000
Sept. 1, 1952, $5,000 Sept. 1,
1953,
and $15,000 Sept.
1,
1956.
78,000 5%
City high school dis¬
Farmers
25
in
counties
were
preliminary question¬
naires how many units they could
use if the houses were in good
asked
or
ready for de¬
about April 12,
1944,
payment in
Boston funds.
Said notes will be
authenticated as to genuineness
and validity by the First National
Bank of Boston/ under advice of
Storey,
Thorndike,
Palmer
&
Dodge, of Boston. No telephone
at
said
bank against
in
and Ithe figures they
totaled 23,000 units. This is
approximately 3,000
more
de¬
mountable
dwellings than now
ILLINOIS
condition,,
1944, $2,000 Aug. 1, 1945,
$1,000 Aug. 1, 1946, $10,000
Aug. 1, 1948, $5,000 Aug. 1,
1951, $5,000 each on Aug. 1,
1953 to 1955, and $35,000 Aug.
1,
1, 1956.
15,000 5% Los Angeles County,
Farm and Hospital bonds to
the American Trust Co., of
San Francisco, at 113.653. Due
occupied by war workers in
the state, the National Associa¬
tion of Housing Officials said to¬
are
day.
farmers
California
ties will be in the
feet
the
demolition
able temporary
war,
July 1, 1947.
San Clemente School
District bonds to Blyth & Co.,
of San Francisco, and Asso¬
ciates, at 116.02.
Due $1,000
each on Jan. 1, 1945 and 1946,
and $2,000 each on Jan. 1, 1947
22,000 5%
market for 81,-
Charleston, III.
Bond
Chicago, recently purchased
000 water bonds, as follows:
000
Chicago
School District
housing after the
Plans
$150,$100,000
Chicago), III.
Refunding Issue
When-(the
are
17,000
and
general obligation bonds.
govern¬
school board is
(P. O,
—
The
reported to be con¬
surplus templating an early offering of
California about $12,000,000 refunding bonds.
prospective custom¬
jeeps, 20,000 trucks
tractors, the survey
for 27,000
and
bonds
salvaged in
non-demount¬
of
mechanical equipment,
ers
revenue
$250,-
to get rid of
wants
farmers
Sale—Thomas E. Walton,
Clerk, reports that Paine,
Webber, Jackson & Curtis and the
Midland Securities Co., both o|
City
if the goods and prices are
satisfactory.
ment
in 18 coun¬
lumber,
of
000
#
$920,000 Bayshore Golf Course
purchase bonds.
500,000 water supply main bonds.
250,000 city pumping facilities.
gave
Due $10,000 Aug.
trict bonds.
Cook County
Rescinds
(P, O. Chicago),
Funding Bond
III.
Sale—
of Commis¬
March 30 to
amined
before
determining
on rescind the ordinance pursuant to
to 1956.
what scale the transfer of war which an issue of $8,346,000 re¬
109,500 City of San Diego, San
housing to the farms can be ac¬ funding bonds was awarded on /
Diego School and High School
Nov.
1, 1943, to Seipp, Princell
Districts bonds to the Bank of complished, the association said.
& Co. and Doyle, O'Connor & Co.,
America • National
Trust & However, the consensus of the
committee is that the proposal of¬ both of Chicago, as l3/4s and 2V2S,
Savingst Association, of San
fers
an
opportunity to supply at par, a net interest cost of about
Francisco; :< at
119.178./ The
V.
158,
p. 1865.
The
housing in areas where needed 2.1735%.
bonds are divided as follows:
and to raise the level of rural board's action brought to an end
6,000 5% Otay Dam bonds. Due
housing to a better standard on a the difficulties which had attended
$3,000 April 1, 1950, $1,000
the efforts to complete the
fi¬
sizable scale. 1
April 1, 1953, and $2,000 April
A special committee appointed nancing since the sale was orig¬
1, 1954.
The initial stum¬
by the chairman will study de¬ inally made.
9,000
5%
pipe line reservoir tails of construction, costs and bling block was the delay en¬
bonds. Due $500 Sept. 1, 1944,
methods of dismantling, moving countered by the. successful bid¬
$500 Sept. 1/ 1945, $5,000 Sept. and reconstructing the units as ders to obtain an approving legal
1, 1956, and $3,000 Sept. 1, well as necessary legislation and
opinion on the issue.
This dated
1958.
will report to a future meeting of from the refusal of Chapman &
16,000
41/2 %
Sutherland Dam the full committee. ?
Cutler of Chicago, which normally
bonds.
Due $6,000 Dec. 1,
passes
on the legality of bonds
1947, and $10,000 Dec. 1, 1948. Golden Gate Bridge And Highway issued
by the county and other
23,000 4V2% water bonds.
Due
District (P. O. San Francisco),
Chicago governmental units, to
$10,000
Jan.
1,
1945,
and
Calif.
approve the issue in its entirety:
$13,000 July 1, 1946.
Refunding Proposal Dropped— The law firm held that it was
3,500 water works bonds.
Due It is reported that the proposal in¬ necessary to reduce to judg¬
$250 5% each on Sept. 1, 1956
troduced in the State Legislature ments $4,726,000 in unpaid bills
to 1959, and $250 43/4% each
in June, 1943, to allow for the re¬ which were to be funded by the
on Sept. 1,
1960 to 1969.
The bankers
later suc-\
financing1 I of' $35,500,000 of out¬ issue.
9,000 5% school district bonds. standing boiids • in the event that ceeded in obtaining an approving
Due $2,000 each on March 29,
such action prove necessary, has opinion from another recognized
1950
and
1951,
and $5,000 been entirely abandoned.
^i
" municipal law firm, which ap¬
The
showed.
Many details
remain to be ex¬
County
sioners
Board
voted
on
4
'
*
1,000
5%
school district bonds.
Due Feb.
2,000
5%
bonds.
25,000
$25,000 Jan. 1, 1956.
125,000
sealed
March 29, 1959.
bonds. Due
1946, $5,000
July 1, 1949, $10,000 June 1,
1950, $5,000 June 1, 1951, and
60,000 4%% water
$15,000 Jan. 1,
The Commis¬
in
Market
for War
Housing Units — Thousands of
$31,000 Nov. 1, 1946,
California farmers will be in the
$10,000 Nov. 1, 1947, $15,000 market
for
demountable
war
Nov. 1, 1948, $10,000 Nov. 1,
housing units after the war, ac¬
1949, $11,000 Nov. 1, 1951,
cording to a survey made by a bids will be accepted.
$2,000 Nov. 1, 1954, $10,000
committee composed of the Assist¬
Nov. 1, 1955 and $21,000 Nov.
FLORIDA
ant State Director of Agriculture
1,1956.
and
representatives 1 of
farm
Miami Beach, Fla.
1,000 4% City high school dis¬
and
state and Federal
Bonds Voted—C. W. Tomlinson;
trict
bonds.
Due April 1, groups
agencies. The committee is study¬
1945.
City Clerk, reports that at the
ing the feasibility of moving de¬ election held recently the follow¬
10,000 41/2% City high school dis¬
mountable war housing units from
trict bonds.
Due $3,000 Sept.
ing bonds aggregating $1,670,000
industrial projects to farm areas
were voted:
1, 1949 and $7,000 Sept, 1,
in the post-war period.
1950,
hospital
1, 1954.
28,000 43/4% sewer bonds.
Due
$18,000 Feb. 1, 1950, $5,000
Feb. 1, 1951, and $5,000 Feb.
Oct.
$35,000 Aug. 1/ 1956.
f
protection
police
—
Finance .will receive
bids until noon on April
of
sioner
1945,
1950, and
$5,000 Feb. 1,
Offering
Note
National Bank of Boston.
,
$5,000
Due
bonds.
1950,
1, 1956.
$20,000 Nov. 1, 1956.
15,000 4V2% electric plant bonds.
.
bonds.
playgrounds
5%
1,
Stamford, Conn.
'/'
notes.
Aug.
1, 1945,
1, 1946, $10,000
Aug. 1,
v
1949, .$60,000 Aug., 1, 1954,
$20,000 Aug. it: 1955, $2,000'
Aug. 1, 1956.
7
115,000 41/2% City school district
1, 1945.
Due Aug.
10,000
Aug.
CONNECTICUT
'
31, 1959.
5,000 5% hospital
Oct. 1, 1945.
1949,
district
follows:
8,000 5% highway bonds.
Due
$1,000 Dec. 31, 1945, $2,000
Dec. 31, 1946 and $5,000 Dec.
each
1, 1947, $15,000
Aug.
bonds.
playgrounds
4%%
Aug.
$7,000
1952,
Feb.
1949, $10,000 June 1, 1950.
16,
March
$5,000
$2,000
Due
$5,000
1944,
1,
$5,000 (registered) March 16,
1952
and
$1,000 March 16,
3,000
City school
5%
bonds.
1952.
11,000 41/4% playgrounds bonds.
bonds.
'
1,000 4%% bridges bonds.
Dec. 1, 1949.
14,000
Due
July
121,000
1951, and $10,000 Dec. 1,
Due
and
1948
1,
Sept.
as
now
their sale.
11
dis¬
$5,000 each on Sept. 1, 1950
and 1951, $5,000 Sept. 1, 1953,
and $17,000 Sept. 1, 1955.
tunnel
Dec.
$8,000
Due
bonds/
on
trict bonds.
pedestrian
4V2%
18,000
California (State of)
Bond Sale—The
awarded
Due
bonds.
harbor
6%
53.000
bonds, at
and
the $29,000 sewer
system disposal plant bonds, at
108.80, to W. R. Stephens Invest¬
ment Co., of Little Rock—v. 159,
107.24,
p.
(registered) on
$10,000 Oct. 1,
1953, and $10,000 Oct. 1, 1956.
Due $10,000
trict bonds.
,
1952, $25,000
1, 1953,
Ark.
Bidders
•
.
Oct.
ARKANSAS
Other
-
86,000 4%% harbor bonds.
Due
$1,000 Oct. 1, - 1944, $10,000
Oct. 1, 1949, $10,000 Sept. 1,
1950, $5,000 each on Oct. 1,
1951 and 1952, $10,000 Nov. 1,
1.87464%.
Stamps,
1, 1955.
school
City
43/4%
52,000
divided
1943, and legal details are
being arranged /to permit
ber,
26,000 4V2% highway bonds. Due
$4,000 Oct. 1, 1944, $2,000 Oct.
1, 1945, $3,000 Oct. 1, 1946,
$6,000 each on Oct. 1, 1947
and 1948, and $5,000 Oct. 1,
$5,000 (regis¬
tered)
July 1, 1946, $5,0()0
July 1, 1947, $1,000 each on
July 1, 1952 and 1953, and
$1,000 June 1, 1956.
Due
bonds/
bonds. Due Oct. 1, 1945.
15,000 5% funding SCV Damages
bonds.
Due Oct. 1, 1946.
Charles A. Buck, Chair¬
man of the Authority, in connec¬
tion with the sale of the $39,000
Series A (First Issue)
bonds to
Marx & Co., of Birmingham, at
100.00,
a
net interest cost of
1.3040%*—v. 159, p. 1195; Watkins,
Morrow & Co., for $39,000, V/2s}
a
net
interest cost of 1.3976%;
cost of
are
City school district
13,000 4Mi%
funding SCV Dam¬
5,000 4%%
mitted by
in Septem¬
thorized at an election
39,000 San Diego County bonds
to the First National Bank, of
Portland at 114.744. The bonds
1953,
$15,000 Oct. 1, 1956.
1,000 4% funding SCV Damages
bonds. Due Oct. 1, 1946.
The bonds were au¬
few months.
district
school
Due June 4, 1948.
bonds.
$5,000 Sept. 1, 1950,
April 1, 1951, $25,000
high
4%
15,000
1949,
$25,000
Sept. 1,
$5,000 Feb. 1, 1956, and
1,
Oct.
$10,000
1949,
protection bonds.
April
1,
1952,
5%
4, 1959.
high
school
district
Due March 29, 1957.
high
school
Due
4, 1952 and 1953.
however, a taxpayer
Estes, Colo,
Plans Bond
filed suit to
prevent sale of the issue, contend¬
ing that the action by the State
an
Legislature in October 1942, giving
Sale—Verne H. Fan-
district ton, Town Clerk, reports that
issue of $95,000 electric distribu¬
tion system acquisition bonds will
be offered for sale within the next
-
$5,000 May 4,
4951. and $10,000 each on May
bonds.
parently paved the > way for dis¬
tribution of the bonds.
Recently
COLORADO
counties of 500,000 or more power
to
fund
their
indebtedness
was
Volume
"special
County
State
Number 4271
159
legislation",
such
the
the
in the
bond
sale
Over Maximum Increase
Government and Fund
that
was
Park
Sanitary
ployees'
214,514
Pensions
104,033
85,951
$4,257,683
<.<
....
The last government to take ad¬
by the Hoyne-
the
its
Preserve
Forest
of Cook
Norwood Apartments Corporation
District
County, which increased
Such
Of
$10,000,000,000 of prime
con¬
tracts for
war
materials, exclusive
foods, placed in the State,
nearly
$2,000,000,000
were
ex¬
pended for aircraft, MacKeever
of
engines, propellers, parts and re¬
equipment, he asserted.
Seventy firms are engaged in
increase
Adoption of
this increase by the Cook County
Commissioners, who are also ex-
tion to
officio
cago as
county commissioners Monday
re¬
Seipp, Princell & Co., Jos¬
eph H. Heinzen, attorney for the
apartments company, said yester¬
day.
"The action started a month ago
superior
court,
investment
the
and
said
he
dismissal
for
firm.
Mr.
intends to
of
the
continue
will
to
complaint
the
press
suit
against the county.
of the suit,
which ques¬
constitutionality of leg¬
islation passed by the state in Oc¬
tober, 1942, giving counties of
500,000 population or more power
tions the
their
fund
to
indebtedness
through a bond issue, has been set
for Saturday morning by Judge
:
■
Ulysses S. Schwartz. • > •
"The date
set, however, be¬
fore the action taken by the com¬
missioners
revoke
to
the
-
"Meanwhile,
that
the
sale of
Woodmen
learned
was
bond
a
of
the
Insurance Society, to
issue
World
to
Life
three
cover
judgments against the county to¬
taling $3,136,914 held by the in¬
institution.
surance
commissioners
attempt
sell
to
also
another
may
issue
to
investment
an
banking firm to
balance of .the-$8,346,-
the
,#aise
"P.
P.
Princell, of Seipp, Prin¬
Co., yesterday questioned
cell
&
the
action
-in
of
the
commissioners
ing flotation to his firm, and said
he expected to take further steps
the bond issue.
for
county."
the
bonds
valid
a
with
'
the
-
*
Litigation
tion of the
Continued—The
ac¬
county commissioners
in revoking the ordinance award¬
ing the bond issue to the Chicago
bond house and the original ordi¬
creating
nance
the
terest
on
issue
appar¬
about
assessments
such
straits
dire
the
as
in
was
County.
in
universe," in¬
bad
laws
penalizing industry," healthy cli¬
two-thirds
of
tion
from
estimated
revenues
argued
and
case
court
although this situation was known
year ago,
Forest Preserve of¬
ficials did not seekvlarger taxing
State
and
reserves
1943 Legisla¬
authority from the
In
in
levy,
tax
of
tives
this
against
protesting
representa¬
Federation
Civic
the
in¬
asked the Forest Preserve author¬
ities the following question:
"What would
the
Mississippi Valley, intel¬
development
of
electric
not in¬
level?"
Superintendent
County Assessor had
creased the assessment
this
To
the
*
(who is, it is only fair to say, an
'hard-working,
harddriving, non-political executive)
efficient,
they
that
replied
either
would
have
would
them
using
or
they would
overestimate
curring
deficit.,
sources,
revenues
thereby
future
a
have
in¬
substantial
asked
When
about
the
County
(at the time
he announced his new formula)
that the heads of the six major
Chicago governments had agreed
refrain from increasing
1944
to
levies
cept
the 1942 levels
(ex¬
to
as
that
case
no
above
the
exigencies
of
1950
purchased an issue of
4% swimming pool rev¬
$82,000
in
1959.
Bonds
Voted—At
the
recently, the
bonds
road
voted.
were
York
Community High School Dis¬
trict No. 88, III. i.
•
Bond Call—Walter C. Schaefer,
School Treasurer;- calls; for pay¬
June
Jyi 1944^ $10,000
4%% refunding bonds Nos> 57 to
66.
on
Dated June
lr 1940. Due Dec.
1, 1959. Callable prior to maturity
on Dec. 1, 1943, or on any interest
payment
date 'thereafter.
Said
bonds will be paid at any time on
after June 1, 1944, on presenta¬
tion
the
to
agent, The
of Chicago,
paying
Feb.
1,
First
National
with
June
1,
Bank
and all sub¬
1944,
sequent interest coupons attached.
Interest
ceases
date called.
on
Bank,
Pressprich & Co.. and
F.
S.
Moseley
&
Co.,
at
133.349. Total includes $25,000
,
31/2%
corporate stock
Barr Bros.
City, Ind.
116.67.
and
1935
March
opinion
Legal
Bond Offering—Claude C. Sohl,
sold to
& Co., New York,
Dated
March
1,
due
of
1960.
Thomson,
1,
Wood & Hoffman.
Secretary Board of Trustees, will
Industrial Leadership Forecast-
receive sealed bids until 9 p.m. on
April 25 for the purchase of $100,-
serial
last tax levy ordinance of the six
Illinois, ranking third in value of
manufactured products and sev¬
000 not to exceed 5% school build¬
dated
enth in
ing purchase of 1944 bonds. Dated
May 1, 1944. Denomination $1,000.
a
that the change in the
apparent
Cook
County
37%
has
permitted
of
to
100%
over
of
full
value
increased
"1'F44
$5,000,000
more
than would have been
the
old
basis
base
assessment
from
levies
is
of
possible
assessment.
war
supply and war facil¬
ity contracts, is destined after the
war to become the leading manu¬
Of
1, 1924 and due
1955, and $65,000 dated
1, 1925 and due Oct. 1,;
1959.
Legal opinion of Thom¬
Oct.
said recently;
of interest for all maturities. The
son,
using every
effort toward that end," he said.
"Many
of
thefState's
new
war
bonds
bidder
will
at
be .jsold to the
not
less
accrued interest.
than
highest
par
plants
be by computing the total interest
story will be much
unless the
worse
for 1945,
Legislature acts before
July 1, 1944.
on
highest bid will
all bonds from the date thereof
forge ahead after, the war.
It to the date of maturity and de¬
promises to become a center of ducting therefrom the premium
airplane manufacture as it is al¬ bid, if any.
The bonds are pay¬
to
$30,000,
1965.
-.
.1962;.
$65,000,
Bonds Voted
held
recently
—
At
an
election
issue of $12,000
an
municipal water works construc¬
tion bonds
were
voted.
KENTUCKY
(P. O. Manchester),
Ky.
Refunding — A
hearing will be held at the office
Clay County
Hearing
1963;
at
Frankfort, Ky., on April 17, at
A. M. (Central War Time),
11.00
for the purpose of
considering the
petition of the county for the ap¬
proval of the issuance of bonds
to refund a portion of, 5% road
and
bridge
bonds, dated May
1,
1923.
Elizabethttiwn, Ky.
Bond
tion
3%
to
the
Details—In
sale of the
connec¬
$15,000
second sewer revenue bonds,
Fred Warfield of Elizabeth-
report
town,
price of
in
Sale
with
Chester
Au¬
On
of the State Local Finance Officer
that
Municipal
& Hoffman.
Plainfield, Iowa
Legal opinion of Thom¬
Wood & Hoffman.
200,000
and
The basis of de¬
level of
will continue on a high
operation after the. war.
"Illinois is in a strong position
,
Wood
son,
Dated
$60,000 in 1964 and $90,000 in
Chicago
The
112.602.
tiples of y4 of 1% and all bids
submitted mu$ designate one rate
this, $4,274,000 will be borne by
owners.
of
Oct. 1, 1940 and due Oct. 1, as
follows:
$5,000
in
1961;
Due $50,000 June 1, 1945 and 1946.
Rate of interest must be in mul¬
termination of the
property
bonds sold to the First
facturing State in the Union, J. C.
MacKeever, President of the Illi¬
nois
Manufacturers' Association,
"The Association is
on
250,000 New York City, N. Y., 3%
price
Oct.
Oct. 1,
National Bank of Chicago, at
major Chicago governments
it
W.
ma¬
$8,000 Feb. 1, 1952 and
$87,000 Aug. 1, 1952.
Legal
opinion of Chapman & Cutler
at Chicago.
250,000 New York City, N. Y.,
at
ing of Assessment Base—The Chi¬
and
ture:
INDIANA
Hammond School
1939
group
Harris Trust & Savings
R.
Hoffman.
dated
the
to
90,000 Los Angeles, Calif., 4V2%
electric plant bonds sold to
as
or
by
1950.
Chicago, at
Due Aug.
255,000
Mississippi
(State
of)
3Vz%
f^st
series
highway
bonds sold to Smith, Barney
& Co., Goldman, Sachs & Co.
and Estabrook & Co., all of
New York, at 110.368.
The
total includes $160,000 dated
Feb. 8, 1938 and due? as fol¬
lows:
$3,000
Feb.
1,
1945;
$17,000 Feb. 1, 1947; . $13,000
Aug. 1, 1948; $46,000 Feb. 1,
1949; $81,000 Aug. 9, 1949; the
balance of $95,000 bonds are
the
(State of)
price of 114,658,
sold
Smith, Barney &
Co., at 11.985.
Dated Feb. 8,
1938 and due $50,000 Feb. 1,
1950 and $50,000 on Aug. 1,
follows: $50,000 in 1963
$250,000' in 1966.
Legal
opinion of Thomson, Wood &
election
$60,000
bonds
headed
$153,000 in 1951,
opinion of Thomson,
and
O. Mt.
Township (P.
Pulaski), III.
commitment stood in
Illinois
District No.
40, La
County, 111., 3%% school
building bonds sold to Paine,
Webber, Jackson & Curtis;
Mullaney, Ross & Co. and the
Central Republic Co., all of
Chicago, at 120.293.
Dated
March 1, 1936 and due Nov. 1,
as
follows:
$9,000,
1947;
$10,000, 1948; $11,000, 1949;
$12,000, 1950; $13,000, 1951;
$14,000, 1952; $16,000 in 1953
and $20,000 in 1954 and 1955.
100,000
Mississippi
(State
of)
3V2%
first
series
highway
Oct. 1, 1936; due
follows: $150,000 in
National Bank of
a
:'
Pulaski
held
the way.
cago
School
Salle
300,000 New York City, N. Y.,
3V4% serial bds. sold to First
1,
Mt.
in
1948
and
1949;
$8,000, 1953; $16,000, 1954 and
1955; $4,000, 1956; $18,000 in
1958 and 1959; $19,000 in 1960
and
$1,000 in 1961.
Legal
opinion of Chapman & Cutler
of Chicago.
125,000 Streator Township High
Wood & Hoffman.
enue
refunding
bonds.
Denom.
$1,000.
Due Dec. 1, as follows:
$3,000 in 1945 to 1954, and $52,000
to
$13,000
and
Legal
has
warranted the action and that
definite
New
Aug.
Dated
Oct. 1, as
White-Phillips Co., of Daven¬
port,
ment
Assessor's statement
11,659.
—
3V4%
sold
♦
funding bonds sold to Phelps,
& Co., New York, at
Moline, III.
Bond
Sale
Mrs.
August N.
Brissman, City Clerk, reports that
jeopardized the
oroperties of the district and perhaos
the
health of the people
[
Fenn
have had to cut services to a point
that
airwqys,.,he
111.,
bonds
revenue
Stranahan, Harris & Co., Inc.,
Toledo.
Dated Aug. 1, 1938
and due July 1, as follows:
303,000 Detroit, Mich., general
obligation series F-3V4% re-
said.
Jacksonville,
water
Palmer & Dahlquist.
power, and the State's vast net¬
work
of
railroads,
waterways,
the
have done if
you
126,000
1966; $75,000, 1967; $100,000,
1968; $75,000, 1969; $85,000 in
1970
and
$25,000
in
1971.
Legal
opinion
of
Orrick,
Other Illinois advantages are its
to the iron ore of the
and
Due
&
127.318.
1, 1931 and due
annually on June 1
1956 incl.
Legal
opinion of O'Melveny, Tuller
& Myers.
-
as follows: $50,000 in 1961
and 1964; $125,000 in 1965 and
nearness
paved highways
ture.
Co.,
at
Chase National
York, at 127.59>.
June
$44,000
1,
those of any State
Colorado, MacKeever asserted.
ligent
Stearns
York,
High
4y2%
from 1952 to
follows:
Bear,
pos¬
larger
except
City
Bank of New
Dated
710,000 Golden Gate Bridge and
Highway District, Calif., series
C 3%% bridge bonds sold to
northern
feel
Civic Federation, a tax¬
payers' group, recently reported
as
follows: With adoption of the
the
than
and the court set another
Tax Levies Higher Due to Rais¬
of
available
prior years taxes plus demands for
greater services caused by gas ra¬
tioning and war-time increase in
suburban populations.
However,
the County corporate
fund and except as specifically
authorized
by the
last Illinois
General
Assembly)
the
Forest
Preserve authorities appeared to
hearing
April 10.
sessing
Angeles
District, Calif.,
bonds sold to
ler & Myers.
labor, favorable position
for export trade, particularly with
Los
School
composed
group
Hoffman, and O'Melveny, Tul-
unskilled
G. Sauers because of non-realiza¬
220,000
pur¬
Due Aug. 1,
$36,000 in $1960;
$67,000, 1961; $24,000, $1962;
$72,000, 1963; $60,000, 1964;
$181,000, 1965; $155,000, 1966;
$182,000,
1967;
$175,000
in
1968 and $8,000 in 1969. Legal
opinion of Thomson, Wood &
Illinois "the hub of the
from
a
son,
waterworks
bonds
1963, and $20,000 in
Legal opinion of Thom¬
Wood & Hoffman.
1972.
price of 129.759.
as
to
Factors which have contributed
"freedom
1962 and
California,
the Northern Trust
Co.,
Chicago, Blyth & Co., Heller,
Bruce & Co., Kaiser &
Co.,
Weeden &
Co., all sof San
Francisco,
and
William
R.
Staats Co., Los Angeles, at a
nearly $17,000,000,000.
clude
by
a
Oct.
Chase National Bank of New
of
Latin American countries, and the
bituminous coal fields underlying
subsequently granted
the State Attorney General per¬
mission to file a supplemental an¬
swer in light of the foregoing de¬
velopments.
The other
counsel
represented
at
the proceedings
were given 5 days in which to re¬
ply to the supplemental answer
-
in
River
refunding
chased
approximately $11,000,compared with $4,794,-
was
Illinois,, amounted
Its increased levy was urged pri¬
Attorneys for both the tax¬
corporation and the invest¬
Colorado
4%
John
York, at 140.56.
Dated Feb.
1, 1934 and due Feb. 1, as fol¬
lows: $50,000 in 1957; $10,000^
1959; $20,000, 1960; $25,000 in
$960,000 Metropolitan Water Dis¬
Southern
to
Dated
waterworks bonds sold to the
$4,825,000 of various State and
municipal bonds. A partial list of
bonds sold follows:
of
127.537.
$10,000,
1954
and
1955;
$21,000, 1956; $22,000, 1957;
$19,000, 1958; $11,000, 1959;
$12,000, 1960; $14,000 in 1961
and $22,000
in 1962.
Legal
opinion of Chapman & Cutler
of Chicago.
150,000 Los Angeles, Calif., 5%
Moines), Iowa
1939, MacKeever said.
1, 1943, all war con¬
no
the
Bond Sale—The above
company
received bids April 5 on a total of
trict
sold
Co., Chicago, at
1, 1937 and due Oct. 1, as fol¬
lows: $8,000, 1947 to 1950
incl.;
$9,000,
1951
to
1953
incl.;
IOWA
mate, large supply of skilled and
The Forest Preserve
of
&
price of
Bankers Life Co. (P. O. Des
manufac¬
861,000
two
Nuveen
approval.
will be
expense
bonds
revenue
school city.
Enclose a certified
check for 21/2% of the par value of
the bonds, payable to the Treas¬
urer of the school city.
in Illinois during
products
1943
of
tracts
half times.
other
the action for
value
to making
to
on
Estimated
American industrial
a
opinion
the
as
Up to Dec.
sessor's decision to increase Cook
at
such
on
approving
furnished
ney."
pate it up
County
cities
such
re¬
pill, particularly since
no reason to antici¬
to the time of the As¬
from
the
for
taxpayers had
and
conditioned
Paris, Berlin, Moscow,
Aires, Calcutta and Syd¬
Buenos
bitter
was a
had
requesting that the sale be
rescinded, hearing on which was
scheduled to take place on April
ment
firm,
however,
against dismissal of the
location
in¬
eliminating
establishing the County's credit.
Even so, the County over-levy
ently eliminated any basis for the
payer
and
floating debt through
action
^1.
ized
London,
000.000,
He declared
his belief that he still had
contract
said, "A map of
showing the poles gives
Chicago the advantage of central¬
tured
revoking the sale of the fund¬
-to get
for the purpose
was
200,000 Freeport, 111., 3*/2% water
MacKeever
war
the world
liquidating a great mass of un¬
paid bills and judgments.
Many
taxpayers were more or less im¬
pressed with the apparent advan¬
crease
t
cor¬
a
'
"The
County's
exclusively, he said.
v
Predicting development of Chi¬
a world air hub after the
marily by Superintendent Charles
: :
commissioners
county
favor the
the
it
bond
Com¬
Preserve
of
was
Sale ordinance.
:
County levy
commodities
'
"Trial
Forest
ments
tage of securing lower prices for
move
against Seipp, Princell & Co., but
the
porate fund levy which the Legis¬
lature thought it had "pegged" at
$9,500,000.
The large additional
against the county commissioners
Heinzen
33.67%.
of $3,953,918 to the
filed
was
of
missioners, followed the addition
,
in
t,
be
said. These include big air trans¬
ports, smaller planes, air frames,
the manufacture of aircraft instru¬
continued despite the action of the
levy from
all
property in the school
city. Issued subject to the favor¬
able opinion of Chapman & Cut¬
lated
corporate fund
on
taxable
indicated."
its
extended
tax
of $640,660.62
for
1942 to $856,373.73 for 1944—an
attacking the legality of the Cook
County funding bond issue will be
,
able from ad valorem taxes
ler, of Chicago, and all bids must
voking sale of the $8,346,000 flota¬
>
1491
products, and packing house and
food products.
Developments of
new
and promising industries is
Em¬
vantage of the assessment change
was
filed
suit
Pensions.;.
District
$3,163,184
172,570
621,464
214,514
13,953,918
215,713
621,464
$5,109,642
Commerce.":
"The
Police
Chicago
Old Basis
on
Chicago Police Pensions.
considering sale
of part of the bonds to holders
of judgments. Appropos of the en¬
tire situation, the following - re¬
port appeared in the March 30
issue of the Chicago "Journal of
i
Within
Levy Possible
Cook County Corporate..
Forest Preserve Corporate
ready a center of airplane trans¬
portation. It will continue to lead
in the production of iron and steel
Total Increase
was
disclosure
shown
are
following table:
large popula¬
980. Notice of the
the
by
county
Cook
in
one
The additional levies
a
tion.—V. 159, p.
revocation of the
followed
since
the only
was
with
THE COMMERCIAL & FINANCIAL CHRONICLE
159,
v.
the
of which appeared
is reported
p. 1395, it
bonds were
106.74,
a
sold
at
a
basis of about
thority, Pa., 31/4% water revenuq bonds sold to Stranahan,
Harris & Co., Inc., Toledo, at
a price of 125.66.
Dated Dec.
2.08%.
1^ 1939 and due Dec. 1,
tion with the sale of the $153,000
lows:
1979.
son,
$100,000
in
as fol¬
1978 and
Legal opinion of Thom¬
Wood & Hoffman.
Newport, Ky.
Bond Sale Details
—
In connec¬
school building reyenue ref. bonds
to
Pohl
&
Co., of Cincinnati, re¬
port of which appeared in v. 159,
♦
i
8c FINANCIAL
THE COMMERCIAL
1492
Monday, April 10, 1944
CHRONICLE
"
«
at
were:
Louisville.
with the sale of
tion
O. Ope-
the $100,000
Offering
sealed
ceive
1$7- .1Q0.333
100.221
1
<
-
100.15
refused
Winthrop, Mass.
Offering — The
Town
Treasurer will receive sealed bids
April 10 for
$200,000 notes.
Due $100,000 Nov. 1 and Dec. 1,
1944.
'
*
11:30 a. m, on
until
purchase
the.
of
County (P.
Worcester
O. Worces¬
ter), Mass.
Note Offering — The Board of
Mass.
James J. Mc¬
—
Price
Int. Rate
1
,
Commissioners will re¬
bids
until
noon
County
Treasurer, will re¬
bids until noon on
City
■
Note
,
MASSACHUSETTS
Note
-y
Boston
price of 100.004.
Carthy,
1949.
to
sealed
ceive
the second
introduced by
introduce
to
on
associated
New
Mr.
become
Gary has
13 years.
Boland, Saffin & Co.,
York
City, r In
accepting
with
Gary's
,
resignation,
board
the
j
adopted the following
of delivery.
paid upon thp
such
by the successful
bidder. The
purchaser will be
furnished
with
the opinion- of
Board
that the bonds are valid
binding obligations of; the
Township.
Enclose
a
certified
check for $1,300, payable to the
Township.
York,
J
777 <;
•
of this resolution ex¬
its best wishes to Mr.
Gary in his new venture, and
Be it further resolved that the
and
by
means.
presses
commending
Board be recorded as
Monmouth County (Pi O.
his diligent
Mr. Gary for
Freehold), N. J.
attention
duty, his careful attention to
detail, and his long service with
to
Offering—Haydn Proctor,
that
Treasurer, .reports
County
predecessor bodies
13 years,
Now, therefore, ? be it resolved
that the Local Government Board
Reed, Hoyt & Washburn, of New
Bond
and its
lor some
1,
the
served
having
after
as
April
effective
auditor
1944,
made
deposit
his, resignation
tendered
has
No interest will be
the/ State, and
77 •
7. , ,
Be it further resolved that the
Anderson, of will receive sealed bids until 11 Board feels that Mr. Gary's know¬
a. m.
(EWT) on April 19, for the
Scottsbluff.
i;i
;;
' '
ledge of public finance will be a
The
public works committee purchase of $272,000 not to ex¬ contribution
to
the
municipal
was scheduled
to hold a hearing ceed 6% coupon or registered gen¬ field in view of the fact that he
eral improvement bonds.
Dated has reviewed and has knowledge
on the first bill on March 29, and
on the second bill on March 30.
May 1, 1944. Denom. $1,000.
Due of all of the plans which have,
The measure relating to com¬ May 1, as follows: $18,000 in 1945
come
before the Local Govern¬
petitive bidding was not expected to 1948, $23,000 in 1949 to 1952, ment Board and its predecessor
to arouse much controversy. Con¬ and $27,000 in 1953 to 1956. Bid¬
bodies. /
YV. '-;/vYY;.;7v,/ ,-7
and
bill,
Senator
it
was
James H.
the
,
Board of Chosen Freeholders
,
Public
sumers
District,
Power
refinancing plans led the
Governor to include power mat¬
whose
April 11 for the pur¬
April 11 for, the purchase of $5,- chase
at
discount
of
$235,000 ters in his call for the special
000,000
notes.
Dated April 14, notes. Dated April 14, 1944. Desession, has declared it would fol¬
1944. Due Nov. 2, 1944. Interest to
nom.
$25,000, $10,000 and $5,000. low a policy of asking for bids.
follow.
' 1 ;
v.';
Due April 13, 1945. ;,"
Considerable
controversy
was
'
Bristol County (P. O. Taunton),
expected to be aroused by the
I
MINNESOTA
bill limiting employment of fiscal
Mass.
(EWT)
Mr.
the bonds to the date
would require
.
Bidder—
Tyler & Co—,T.^—.
Arthur Perry & Co
—
National Shawmut-Bank,
bonds
to
a
syndicate
headed by G]as & Crane, of New
Orleans, at a net interest cost
of 1.4304%, for $22,000 as 2s, $54,000 as l^s, and $24,000 as l3/4.s,
report
of
which appeared
in
v. 159, p.
1084, it is now reported
that the
bonds were sold at a
Boston,
1945
1,
Other bidders were:,,
connec¬
airport
..
of the bills
"percentage" contracts with fiscal
agents employed by districts to
negotiate for them, and would
limit such agents to $10,000 a year,
unless
the' board
of a district
agreed by a two-thirds vote to a
higher figure.
7
7
'
Senator Walter Raecke, of Cen¬
tral City, chairman of the Legis¬
lature's power investigating com-f
mittee, introduced t,he first. ,. He
April
its pre¬
ing served the board and
decessor bodies for about
interest
the same least
amount of bonds, in which event
'
March 27.
paving' bonds ofiered ..for sale on
April 6 were awarded to Halsey,
Stuart & Co., as Is, paying a price
of <100.599, - a • basis
of
about
$12,000
April 1, after hav¬
ment Board on
and offer tb accept
competitive bidding for all bonds,
while the other would eliminate
1944. Due
resigned
Local Govern-j
Auditor of the
as
Board
Local
as
resolution:
Whereas, Frank L. Gary, who
Dills
affecting
the issuance of the proposal of the bidder offering has acted as auditor to the local
bonds by public power districts to pay the highest price will be government board functioning as
were introduced
in a special ses¬ accepted. The purchaser must pay the Funding ;Commission and the
sion
of
the
State
Legislature accrued interest from the date of Municipal Finance Commission,
One
0.976%. Dated April 1,
Details—In
Sale
Bond
Considered—At the re¬
quest of Governor Griswold, two
Resigns
Auditor—Frank L. Gary
proposals
more
or
of)'"*
Jersey (State
New
Gary
lowest rate of
the
name
Peabody, Mass.
Bond Sale — The $60,000 street
,
Landry Parish (P.
lousas), La.
District Borrow¬
ing Bills
0.3/7
Bank, Boston.
First National
two
unless
Public Power
County/National Bunk,. ., - : r
/
Cambridge 7.-7-~*7 —'—0-35
Harriman Ripley & Co., Inc..2-— 0,359
Day Trust Co,, JBostoft_7l.!_~_~*0.364s
Union National Bank, Lowsll-*--— -u/0.37.vi
National Rockland Bank,. Boston.^ 0,375
National Shawmut Bank, Boston...., 0.38
LOUISIANA
St.
7177717777• 0V33$>*
ton
of
Stites,
&
■.;
rate of interest higher than the
103,000; Pearl River, $1,425,000.
lowest rate named in any legally
Pike, $195,000; Prentiss, $351,acceptable proposal for the bonds
000; Simpson, $105,000; Union, $1,to be sold; and if two or more
786,000; Warren, $1,310,000; Wash¬
such proposals name the lowest
ington, $9,497,000, and Wilkinson,
rate, the proposal offering to ac¬
$24,995,000.
cept the. least amount of, bonds
NEBRASKA
(such bonds being the first ma¬
turing bonds) will be accepted,
('•
Nebraska (State of)
Middlesex
Legality to be ap¬
Stites
by
proved
.
<!?
•
,
;
Discount
Boston Safe Deposit & Trust Co.,
- , .
7
and Second National Bank, Bos-'
" y
$127,000
municipal
hospital revenue ;1 re¬
funding bonds to Stein Bros, &
Boyce, of Louisville, at 103.00, a
basis of 2.641%, report of which
appeared in v. 159, p. 1395, we
are
advised that Almstedt Bros,
and the Bankers Bond Co., both
cl Louisville, were associated with
the above named in the purchase
of the bonds.
•
-
Bidder—»
»
the sale of the
tion with
Bank, Boston,
0.325% discount. Other bidders
Merchants National
Details—In connec¬
Sale
discount. Dated
0.307%
April 7, 1944. Denominations to
suit purchaser but no note will be
smaller than $10,000. Due April 6,
1945. The next highest bidder was
Paducah, Ky.
Bond
at
tham
1292, A. L. Wald, City Auditor,
reports that,Fox, Reusch & Co.,
and Seasongood & Mayer, both
of Cincinnati were associated with
the above named in the purchase
of the bonds, paying a price of
102.23, a basis of about 2.26%.
p.
'
the
in their proposal
must state
ders
interest
of
rate
(naming
Con¬
will
November to
Legislature Approves New
a
single rate) the bonds are to bear,
stitution—New Jersey voters
expressed in a multiple of V\ or
one-tenth of 1%
No proposal will
be considered for bonds at a rate
get
the
than
higher
at
rate
lowest
legislature made
it adopted,
The
legally
a
.
century-old State
Constitution for a new and up-todate document of basic state law.
acceptable pro¬
posal is received. As between pro¬
posals at the same lowest interest
believed that both bills rate, the bonds will be sold to the
which
in
chance
a
throw out their
.
ble
when
this possi¬
few days
a
ago, the draft of the proposed new
tuber¬ Raymond Township (P. O. Sauk agents.
constitution.
• •
7
■
*7 V
It was
hospital maintenance notes
Centre), Minn.
Legislative approval of the draft
affect
Omaha's
Peoples bidder or bidders offering to pay
offered for sale on April 4—v. 159,
Bond Election to be Held -7. An would
means it will be submitted to the
election is to be called in the near Power Commission, which is now not less than the principal amount
p. 1396—were awarded to the Fall
voters in November for ratifica¬
River National Bank of Fall River future to submit to the voters an without legal existence pending of $272,000 and accrued interest,
at 0.29%. discdunt. Dated April 5,
issue of $25,000 road construction appeal from an injunction issued and to accept therefor the least tion, the Council of State Govern¬
amount of bonds, the bonds to be ments reports; if approved then,
1944. Denominations $25,000, $10,- bonds.
:
by District Judge Frank Dineen.:
if;
the draft will become the JState's
000 and $5,000. Due April 5, 1945.
The bills propose to amend SF accepted being those first matur¬
MISSISSIPPI
Constitution, replacing a basic law
Other bidders were:
7 77 7,;
310, passed in 1933, the law under ing, and if two or more bidders
100 years old and long recognized
Bidder—
Discount
which
Nebraska's public power offer to accept the same least
Mississippi (State of)
as
Bristol County Trust Co., Taunton- 0.367%
impeding the effective func¬
districts were created.
This ap¬ amount of bonds at the same low¬
Harriman Ripley & Co., Inc
Major War Contracts Exceed
0.39
tioning of the state's governmental
parently also would affect LB est rate of interest then the bonds
Goldman, Sachs & Co. (plus S5t__ 0.40
$600,000,000 — Missisippi's $622,system.
/.
;
will be sold to the bidder or bid¬
National Shawmut Bank, Boston__. 0.41
204, passed at the last session,
073,000 share in major war con¬
First National Bank, Attleboro~7_ 0.44
Major changes contained in the
which authorized creation of the ders offering to pay therefor the
tracts awarded from June, 1940,
new constitution include revision
highest additional price, which
•_7 '
Dedham, Mass.
' through January, 1944, placed her Peoples Power Commission and
of the State court system; length¬
price shall not exceed by more
Note Sale—The $125,000
culosis
.
.
.
,
Note Sale—'• The
$200,000 notes
April 5 were
awarded to the Merchants Nation¬
al Bank of Boston at 0.314% dis¬
sale
for
offered
Dated April 6,
count.
1944.
and
10
Nov.
$100,000
32nd among states now
Due
a
Nov.
Deposit
24,
Ripley
Norfolk County
R.
&
Boston
cial
an¬
tricts. 7'7'"
revealed.
Commission
State regula¬
governing public power dis¬
general
■.•''77
NEW
JERSEY
Bergenfield, N. J.
:»
Bond
Purchase
Approved—The
Local Government Board on Mar.
27
approved purchase by the bor¬
Mississippiwere,
ships,
ough i ,111;pceo.rdance with the rebonds:ap4rl946 maturities at
contracts
awarded
,0.36
,0.363
in the
items
fundimgv.fPlarvFqf;the
of
date
following
state Governors
terms of all other
bid, the pur¬
accrued interest
at the rate borne by the bonds
from the date of the bonds to the
the
to
three to four years-—
from
office
bonds
price
chaser must
Governor's term of
ening of the
$1,000 the par .'value of the
offered for sale. * In addi¬
than
tion
7''
$255,604,000; industrial facilities,
$45,806,000; non-industrial facili¬
Trust Co., Dedham 0,35
Corp.
WPB report
Main
0.348
Inc
k Diay &
First
.
Boston-.:,.-, 0.337
Co.,
has
tions
sippi total was received in ship¬
building contracts for the big Biloxi and Pascagoula yards, a spe¬
Co.
—,.L_„.0.32%
(plus S3)
Second National Bank,
Harriman
Trust
&
Board
Omaha
the
subject to
one-half of the Missis¬
Almost
Discount
Safe
Boston
for
nounced.
1944, Other bidders were:
Bidder—
Production
War
order
made
filling an
$183
billions in materials of war, the
Federal
overall
on
the
creasing
from
terms
three
to
two
of
Senators
years,
from
Assemblymen
payment of the purchase
in¬
either two or four years;
are
pay
one
and of
two
to
increasing the pay of Sen¬
and Assemblymen from $500
years;
The right Preserved to re¬
ject any or all bids and any bid
not complying with the provisions
hereof or offering to pay a pre¬
mium in excess of $1,000 wilj be
price.
ators
to
annually;
$2,000
of
consolidation
agencies
State
100
20;
into
strengthening the appointive and
veto powers of the Governor; and
rejected.
Principal and) interest
1948, 1.60%;
payable at the County 'Treasurer's granting wide authority to the
1949,7l.7Q%7]At7the same time, office. The bonds hav.e been au¬ Governor in the reorganization of
the State governmental system.
the/board; placed,, in the record thorized
pursuant to>cthe Local
contents afiia.jelJter from Camp¬ Bond Law of the State, iand will
Perhaps the most drastic changes
Note
in the proposed new constitution
bell, Phelps,h&( Co., Inc.,. New be
Treasurer wilLreceive, sealed bids
general1 obligations
of the
are
contained in those sections
York, concerning the finances of
until noon on April
12 for the
county, payable from unlimited
ing been awarded contracts total¬ the borough and a communication
ad valorem taxes.
Bids are de¬ remaking the State Judiciary sys¬
purchase of $30,000 tuberculosis
ing $710,294,000, of which $621,- from H. E. Russell of the munic¬
sired on forms which will be fur¬ tem. The new court plan abolishes
patients maintenance notes.
Due
935,000 was for ship construction. ipal law firm of Hawkins, Delathe Court of Errors and Appeals,
nished by the County Treasurer.
April 1, 1945, The notes wjll be
In a list made public for the field
& Longfellow,
New York The bonds will be delivered on the State's "last resort" court, and
certified
as
to genuinen°ss and
first, time, Jackson county was re- City..
-i validity
by the
First National
May 1, 1944, or as soon thereafter replaces it with a Supreme Court.
yea led as having received more
A state-wide Superior Court, with
Bank of Boston. '
as they may be prepared.
In the
jMaplewood Township (P. O.
than five times the amount of con¬
at least two Appellate Divisions,
The notes will be dated April
event that prior to the delivery of
Maplewocd), N. J.
tracts awarded in Harrison coun¬
would absorb the present Chan¬
the bonds the income received by
12, 1344.
Denominations $10,000
Bond Offering—Edward R. Arty, which came second in a break¬
and $5,000. Due April 1, 1945. Is¬
private holders from bonds of the cery, Supreme, Prerogative, Cir¬
down of contracts by counties.
1
cularius, Township Clerk, will re¬
cuit, Common Pleas, Oyer and
sued under authority of and in
same type and character shall be
Missisisppi counties and their ceive sealed bids until 8:30 p.m.
compliance with General Laws,
taxable by the terms of any Fed¬ Terminer, Quarter Sessions, Spe¬
(EWT) on April 18 for the pur¬
major contract totals up to Janu¬
eral
income
tax law
hereafter cial Sessions and Orphans Courts.
Chapter
111,
Section
85,
as
ary, 1944, were given by WPB as: chase of $65,000 not to exceed 6%
The movement to revise New
amended. Said notes will be au¬
the
successful
bidder
enacted,
Adams, $10,658,000: Alcorn, $4,- coupon or registered joint trunk
Jersey's State Constitution
got
thenticated as to genuineness and
may, at his election, be relieved
863,000; Calhoun, $1,329,000; Clai¬ sewer bonds. Dated May 1, 1944.
underway seriously five or six
validity
by the
First National
of his
obligatiori^ under the con¬
borne, $135,000;l( Clay, $452,000; Denomination $1,000. Due May 1,
Bank of Boston, under advice of
years ago, and reached a climax
tract' to purchase the bonds and
Firiit 'National' Bank, Boston, _~._77o.365
$187,718,000, and ordnance
materials, $40,254,000.
.
7
.7
• Mobile-Pascagoula
was
listed
by WPB as one of the main in¬
dustrial districts of Region 4, hav¬
ties,
County (P. O. Spring¬
field), Mass.
;
,
Offering — The County
Hampden
1
.
.
...
.
..
.
Ropes,
Gray, Best, Coolidge &
Rugg, of Boston. Payable at the
First National Bank of Boston and
will
be
April
delivered
13,
Boston
1944,
funds.
on
at said
No
or
about
bank
for
telephone bids
$3,102,000;
Coahoma,
Copiah,
$913,000; Forresf; $39,178,000; Gre¬
nada,
$36,267,000; Harrison, $51,-
092,000.
/
.
Hinds, $14,955,000; Holmes, $66,000;
Jackson, $262,678,000; Jones,
$5,917,000; Kemper, $183,000; Lau¬
derdale, $8,864,000: Lee, $1,943,Middlesex County (P. O. East
000; Leflore, $7,564,000; Lincoln,
C~mbridoe), Mass.
$184,000;
Lowndes,
$1,119,000;
Note Sale
The $300,000 notes Madison, $33,826,000.
offered for sale oir April 4—v. 159
Marion,
$12,264,000;
Monroe,
Newton,
$2,065,000;
p. 1396 — were awarded to the $39,330,000;
Wallharn National Bank of Wal- Oktibbeha, $1,480,000; Panola, $2,will be
accepted.
—
sM
,
■r
■
v ''
\
,
,J
'
,
•
,
-
,
1
"
•
as
follows: $4,000 in 1945
and 1946,
$6,000 in 1947 to 1955, and $3,000
in 1956.
Rate of interest to be in
a
multiple of one-twentieth of 1%
mast be the same for all of
and
the
bonds.
The
purchase
price
specified in the proposal must not
be less than $65,000 nor more than
Principal
and
interest
payable at the Chemical Bank &
Trust Co., New York.
In select¬
ing the proposal to be accepted,
the Township Committee will not
$66,000.
consider
proposals
in
caste1 the' deposit
such
accom¬
returned.
legality of;tJie bonds will be
panying his bid will be
The
examined
Caldwell, Marshall,
by
Trimble & Mitchell,
whose
approving opinion will be
furnished
out
to
charge.
check
bonds
of New York,
the purchaser
Enclose
"for 2%
of the
offered,
a
with¬
certified
of
amount
payable
the
to
<-7 •>
77
1.
est
in
'
M
'
constitutional re¬
general
Discussion of the problem
vision.
number of states
of revision in a
states
1942
in
in three
Michigan, Mis¬
referenda
in
resulted
—
.
souri and New Jersey.
Michigan in 1941 approved a
creating a commission of
25
members to make a prelim¬
measure
inary
State
whijch name a County Treasurer.
■>
during the last two years, which
saw an unusual amount of inter¬
77."M
study of the problem of
Constitutional revision, but
i
.
'
•
1
■
f
1
•
1 1
•
7
'
Volume
159
Number 4271
the proposal was
November,
rejected later in
however, by
close margin.
Misosuri
fairly
a
has
now
Constitutional Convention in
sion.
THE COMMERCIAL & FINANCIAL CHRONICLE
a
Bill Would Establish
Passaic
March
Herald-News'*
—
•
A bill to set up a
nity
report
"di¬
standing
by
over
During
the 2^
The
carefully
consider¬
a
ness, nor are
'''•
to
three
to
which it is estimated will be
sewers
in
cessary
ne¬
Bergen
progress
ter
ings will be held
Jones, of Norwood;
The immediate objective of the
is to
end''pollution of
measure
Overpeck Creek and
the creek into
.■'*>
The
■
hold
back
/ •":
■
bill
T"
,
would
tidal
abolish
the
Hackensack Valley Sewerage Au¬
thority which has been in exist¬
for 15 years,
ence
stitute
commission
to
terms.
year
for
serve
*
Unlike the
four
»
a
Hudson
sion would
The
f
commission
control
over
Ber¬
a
!
would
have
the Hackensack River
valley, but Jones said there
immediate
no
in the
sewer
need
for
was
trunk
a
Future devel¬
area.
opment would determine the need
for
Hackensack
a
valley project,
he said.
The
over
into
contracts
the
on
with
formula
gallonage
;
wood), N. J.
Offering—John
City
Clerk,
will
J.
in
sealed
bids until 8 p. m. (EWT) on April
11 for the purchase of
$13,000 nol
to'exceed
tered
6%-coupon
boardwalk
regis¬
or
bonds.
Dated
April 1, 1944. Denom. $1,000. Due
April 1, as follows: $2,000 in 1945
and 1946, and $3,000 in 1947 tc
1949.
Rate
of interest to be
multiple of
and
the
must
or
in
a
the
be
bonds.
tenth of 1%
one
for
same
These bonds
all
sewer
executed
without
expenditures
ects."
:1'"
general obligation
by the people and
1931
totaled
the State
on
account
was
provision of the State
Constitution which are paid from
property taxes but not voted by
the people. These bonds were is¬
Newark
or
\ /
areTtargely
a
result
of
past uncertaint&Lpf objectives and
lack of
planning," the report holds
comprehensive city plan will
inadvisable
prevent
bid
amount
000
nor
than
more
between
for
legally
the
and
ciates of St. Louis two months ago
to' draft a master plan under a
three-year
$20,360-a-year con¬
tract, urges speedy adoption of a
program of postwar public works
imnrovements.
This, the report
states, is to enable the city to be
eligible for_ federal financial aid
New York
State Tax
(State of)
Commission Opposes
Assessing Changes—Local
assses-
have the exclusive power to
determine real property
assess¬
sors
the
courts
the
other
or
review
State1 Tax
in
a
report
agen¬
$14,000.
of
complying with the
sale and offering to ac¬
of its
local
assessments activities submitted to
Governor Dewey
lic on Feb. 28.
and made
pub¬
amount of
considered
in
preparing the
plan the report lists popu¬
lation^ land use, zoning, major
master
street
general
says
Newark
is
to
The
the
accept
purchaser must
small
corporate
sRe
within
boundaries
fixed
and
with
remaining vacant land.
Many sections, the report
says,
consist largely of obsolescent and
deteriorated buildings, traffic con¬
gestion impairs the stability of the
business
district, and the
2,731.5
by
9,472.3
1,050.5
4,330.8
also
pay
20,872.5 20,280.7
591.8
ceived
private
by
bonds of the
same
holders
acter
shall
terms
of any Federal
be
taxable
-
by
the
income tax
will
cessful
,be
t
returned.
bidder
will
be
The
suc¬
furnished
with the
opinion of Hawkins, Delafield \h
Longfellow,
of
New
York, that the bonds are valid and
legally binding obligations of the
City.
Enclose, a certified check
for
$260, payable to the City.
—Frank
Bedenkapp and Joseph M. Mesnig, the report comments upon the
Princeton, N. J. *
Bond
Offering—C.
R.
Erdman,
Mayor, will receive sealed
bids until 8 p. m. on April 25 for
the purchase of $150,000 public
improvement bonds.
Bids will be
received for bonds maturing
$15,000 May 1, 1945 to 1954; and for
interest
payment'/.date ,beginning
y/
NEW
7;.:f
of
State
(State of)
cil
and
report
on
the
state
its
JM.
City
Davis,
Comp¬
has : not
as«yet acted on the
mayor's suggestion that $5,250,000
fiscal
bonds maturing in 1944-1945
year be refunded in order to pro¬
duce
tax rate of $32.20 per
$1,reduction
a
000 assessed valuation, a
of 10 cents from the current rate.
Without
the ''refunding, <'-'=• the
Mayor's budget; Wouldrequire a
rate of $38. Mr. Davis;kays:ithat if
a portion of the.
he^t- fiscal year's
is
ttkbe
rkfikided, it
likely that the shle will be held
maturities
are
before
Local
Units
of widespread interest
problems of real estate taxa¬
Tax) Commission deems it desir¬
bonded indebtedness of
respecting
certain
.
changes
the tax law proposed by the
Bewley Committee
and' its
jurisdiction
the acts of local
over
assessors".>'
•
property, the report
"many well-informed
economy
coupled,
with
where
Mexico
and
all
and
assessors
provisions
business
super¬
discussion of
are
of
the
this
first'order
Commission
to
March
1
the
city
had
collected
exercise".
states
that
persons
come
only
in
new sources
of
revenue.
The
can
extended."
"It would be
unfortunate, there¬
fore, if the impression should pre¬
that the State
Tax
"There
Commis¬
two
opposing view¬
to the powers possessed
are
;
.
■
13
counties
made
of
the
field
surveys
of : equalization
rates
and
assessing methods in
two counties (Niagara and
Essex);
appraisals of public
industrial properties,
request of local authorities,
in eight cities, 132 towns and 59
utility
and
at the
villages, appraising property with
a
present valuation of
more
$59,000,000; and performed
other
services
to
However
asssist
the report
local
states that
the Commission finds
for
no authority
interpretation of the var¬
an
ious
provisions
which
of
the
tax
law
would
"comprehend the
usurpation by this Commission of
the
conferred upon local
by the Constitution." ,<
powers
assessors
It declares that
<
the
Legislature
has not given the State Tax Com¬
mission power to review assess¬
ments
made
officials
by
to
or
local
assessing
substitute its
judg¬
ment for theirs in matters of dis¬
cretion
opinion.
■ /,
assessor," it continues,
granted, under decisions of the
or
"To the
"is
istrative power of evaluation or
determination of assessments, sub¬
ject only to review by the courts
other reviewing agency."
This view, the report points
out,
or
'
is fortified by the so-called "home
rule"
provisions of the Constitu¬
tion, and by the court decisions.
points as
Scarsdale, N. Y.
levy,
Note Sale—The $190,000 notes
remaining by the State Tax Commission with
respect to assessors and assessing. offered for sale on April 3 were
in the collection period.
He also
"One viewpoint is based upon awarded to the
notes that provision is made in the
County Trust Co.,
a broad and liberal
interpretation of White Plains, and the Scarsdale
1944-45 budget for the retirement
of the powers conferred upon the National Bank
& Trust
of two years series of tax anticipa¬
Co., at
Commission by the State Legisla¬ 0.38%.
Dated April 4, 1944.
tion notes amounting to $1,150,000,
Due
ture.
The other is founded on the
Aug. 4, 1944.
instead of one-year (about $550,'home rule' provisions of the State
000). Mention of the Mayor's plan
Wiliamson Water District (P. O.
Constitution and a long line of de¬
to refund $5,250,000 of bonds ma¬
Williamson), N.Y.
cisions by the courts sustaining
turing in the next fiscal year was
Bond Offering—Leslie L.
the prohibition against interfer¬
Blake,
mWe^reviously in v. 159, p. 1293.
Town
ence with local officers perform¬
Supervisor, will
receive
: Mamaroneck,
N. Y.
sealed bids until 2 p. m. (EWT)
ing local functions.
"One school of thought would on April 12 for the purchase of
Note Offering—F. H. Bull, Jr.,
Village Clerk, will receive sealed have the State Tax Commission $25,000 not to exceed 5% coupon
97%
of
four
1943-1944
the
months
tax
still
,
to
single
exceed
13,
1944.
note
or
3%
notes.-
Dated
Denomination,
in
a
denominations
not less than
1944;
$25,000. Due July 15,
Issued to pay expenses of
direct
the
local---assessor
in
the
performance of his duties, require
the
sion and
to
comply with in¬
by the Commis¬
enforce compliance with
assessor
structions
made
other
t
school
to
1946, and $4,000 in 1947 to 1950.
Rate of interest to be in
multiples
of V4 or one-tenth of 1% and must
such instructions.
"The
registered water bonds. Dated
April 1, 1944. Denom. $1,000. Due
July 15, as follows: $3,000 in 1944
or
of thought
the
be the
same
for all of the bonds.
obligations
total
outstanding indebtedness of
the
than
many
assessing officials.
in
1943
State;
!
that
year
•
courts, sole and exclusive admin¬
The report continues:
vail
in
made
is not the medi¬
through which such relief
um
in-
■.
During the past year, the Com¬
mission held meetings with asses¬
Principal and interest (J-J)
fiscal
of
and
the Commission's
Village for fiscal year that be¬ proceeds on tlie theory that, his¬
government units, The gan March 1, 1944, in anticipation torically and constitutionally, as¬
Taxpayers' Association of New of-taxes to be levied.
-A single sessing is a local function, that the
Mexico
presents
data revealing rate of
assessor
is supreme in his field,
the
prob¬
the Bureau of Local Assessments."
real
expenditures
really necessary,
Tax Commission
be
arising
of
nst that real relief will
from
7^ "•
•
7 Discussing
problems
from excessive taxation
local
of New
of
lems; and the making of official
Because
in
July 1 next,* as a maturity
sion
is
endowed
with
powers
is due on that date, the first day
of the new fiscal period. - The City which, is fully exercised, would
afford real tax relief to owners
Comptroller
calls' attention «of
of real property.
municipal bond investors that on
April
Reduced $3,595,588—In its annual
local
visors for the
tee) and its recommendations.
in
•
troller, stages in his "News Letter"
1 that the Common Coup-
not
New Mexico
Debt
1
bids until 8 p.m. (EWT) on April
10 for the purchase of $300,000
MEXICO
with
Reviewing (the Bewley Commit¬
views
of April
with
,,
YORK
Buffalo, N. Y.
from
type and char¬
use
tics; general supervision over as¬
sessments; the holding of meetings
sors
able to report its activities in the
field of local assessing
.,
its
Refunding Likely Before July 1
an
prior to the deliv¬
of the bonds the income re¬
•
Rollin
tion, the report; stated, "the (State
NEW
the event that
ery
.
President
R.
698.8
con¬
least
same
assess¬
Browne and Commissioners Glenn
237.0
5,029.6
_
dists.
servancy
payment of the purchase price, In
in
particular need of a city plan at
this time.
The city, it points out,
is intensively developed on a rel¬
$204.0'
"Increase. 4
amount, then the bidder offering
to pay therefore the highest price.
May i, 1949.
appearance.
Signed
.
,,
city's
plete answer.to all purely
ment problems."
.<
recent reports of the Joint Legis¬
bonds, the bonds to be
systems, local transit facil¬
ities, transportation by rail, water, bonds * maturing $15,000 May 1,
truck and air; housing, parks and .1945 to 1954, -bqt
.redeemable at
recreational
facilities,
public par and accrued .interest on,'any
the
Commission regards as "the com¬
lative Committee oh Assessing and
10,522.8
districts
accepted being those first matur¬
ing, and if two or more bidders
offer
report
as
assessors; the collection and publi¬
cation of information and statis¬
Appended
Dec.
1943
2,968.5
Irrigation &
cept for the amount bid the least
Jr.,
Among the elements which will
report
Counties
bidder
of
of
22,225.0 21,225.0 1,000.0
2,421.0
2,607.5
*186.5
—
Institutions
School
terms
amount
$2,192.5 $1,988.5
Highways
pro¬
same rate
the
1942
State
As
acceptable
"insofar
visits to counties for the purposes
Commission
•enumerated in the statute, these
(in thousend dollars)
T,'
$13,-
the
possible postwar public works
programs.
in
1941
Municipalities
useless
of Harland Bartholomew & Asso¬
and
in
$750,000, of which $425,000 were
outstanding on June 30, 1943.
bonds,
law, the successful bidder may, at
projects and produce the greatest
his election, be relieved of his
benefit from dollars expended for
obligations under the contract to
capital improvements.
purchase: the bonds and in such
The report, first submitted since
case the deposit
accompanying his
the commission authorized hiring
bid
buildings
sued
"extravagant amount
equal to the interest on
grandiose projthe bonds accrued to the date ol
Asserting that the "present high
tax rate ancfrhigh bonded debt in
central
1931
interest, the bonds will be sold te
tral Planning Board. The prelim¬
inary report states the plan can be
little
7
all
emergency
ol
part
are
the
assessments,
states that
Pointing to Constitutional "home
$2,977,000; $890,000 in 1943, a de¬
report is a report of Deputy Tax
crease
of. $2,087,000.
.Combined rule" provisions and court de¬ Commissioner
Raymond B. Slack,
county bonded indebtedness was cisions in support of its position, director of the Local
Assessments
$3,871,571 in 1931, compared to the Commission makes it clear
Bureau, which reviews the Com¬
$2,731,500 in- 1943, a reduction of that it does not intend to "usurp" mission's
major activities in this
$1,140,071.
Total bonded indebt¬ the powers of any local assessing field. "■
1
edness of cities was $7,304,484 in official, in carrying out its admin¬
It is pointed out that the Com¬
1931 and $5,405,500 in 1943, a de¬ istrative functions related to real
mission has invoked its
power to
crease
of $1,898,984.
The school property assessments.
investigate
and
examine
into
district figures were $7,157,848 in
However, the Commission pled¬ methods of
assessments in the City
1931; $4,300,800 in 1943, the re¬ ges "all-out" assistance to the of
Albany and that "it is the pur¬
duction
amounting to $2,827,048 local officials of the State in im¬
pose of the Commission to exer¬
for the 12-year period.
The fore¬ proving real property assessments cise such
power
wherever and
going items do not include pub¬ generally and in striving for sound whenever the
facts warrant' #s
lic defense bonds issued under the original assessments
which the
Wizst,
receive
property
prescribing of forms for the
dis¬
$21,310,903 and $13,357,800 in 1943,
a drop of $7,953,103.
Indebtedness
North Wildwood (P. O. Wild-
\/;vvivT,<T posals specifying the
have been presented to the City
Commission by the Newark Cen¬
atively
that
bonds, voted
TV-'.
which shall not be less than
plan, envisioning improve¬
ments in the city's transportation,
housing and industrial facilities,
The
$1,000, payable to the Village.
further
contends
Bond
mission's duties in the field of real
regulations and the
T
cies,
says.,
Citing various provisions of the
tax law which set forth the Com¬
..
trict indebtedness in
rate.
master
be
Trust
state, county,-city and school dis¬
the
Newark, N. J..
in
Manufacturers
Jersey Planning Enabling Act of
1930, making it mandatory for the
City Commission to submit pro¬
the
Overpeck/. Creek
t'
a
the
at
ments, subject only to review by
ing," the report
formance of his duties."
general
past 12 years. Statistics regarding
Cost
Planning Board Issues ReportScope and objectives of Newark's
'
to
and
this class of indebtedness present¬
ed by the Association show that
of:
equals
would be metered..
•
able
payable from property taxes have
been reduced about 37% in the
con¬
munic¬
The sewage emptied into the pro¬
posed
floating indebted¬
there warrants out-<
Association
closes
various
of an authorized issue of
$28,000.
ipalities. Costs would be prorated
Principal and interest payable at
among
participating municipal¬ the Marine National
Bank, Wildities and the upkeep would be
wood.
Each proposal must state
based
payable
full faith
—
The proposed commission would
have power to issue bonds and to
,
enter
be
be
New
part of
exclusively
County agency.
gen
•
be
new
the
on
planning ordinance to
form
to provisions of the
commis¬
County, the
tutions.
its
parts of the plan before adoption.
The report urges a change in the
existing
authority which includes
follow
step by step. Public hear¬
ministered without adequate leg¬
islation to give it legal ' stand¬
and would sub¬
three-member unsalaried
a
and
will
obligations of the
Village, payable from unlimited
taxes.
Principal and interest pay¬
no
.
opportunity to
an
plan
credit
and
posed projects to the local plan¬
ning board for approval.
"No plan can be effectively ad¬
the Hudson
near
have
the
city
transform
recreation lake by
a
building a dam
County line to
waters.
to
will
study
disclosed
will
notes
bearer
:
report sdys, every citizen of New¬
ark
County, exclusive of the
lying in the Passaic Valley,
was
introduced in the Assembly
yesterday by Assemblyman Wal¬
Said
they com¬
Co., New York. The approving prehend conferences
with, aid and
opinion of Vandewater, Sykes and advice to
assessors; the furnishing
As :the table below indicates, all Galloway of New
York, will, be of information to and instruction
the various units show decreases furnished the
purchaser without of assessors; the making of reason¬
with one exception, that of insti¬ cost. Enclose a certified
check for able rules and
to complete the plan, the
area
fiscal
$3,595,588.76.
also
standing against the state or any
of its counties, cities,
towns, vil¬
lages or school districts.
'
years
power
previous
Association
that there is
planning
consistently
the
in
year—a reduction of
commu¬
able period of years.
j
Bergen County
Sanitary District with
build a system of trunk
is
states,
a
and
and
f
■
out of Newark's
the
stake in the future of the
of
17 reported in part as'fol-
' ';'v
lows:
institutions, counties, interest regardless of premium, judicial reviewing
body, and that
cities, towns, villages, school dis¬ but if two or more bidders offer the scope of the
power
of the
tricts
and
special districts, was the same" lowest rate, then the Commission with
respect thereto
$62,636,311.18 as compared with award will be made to the bidder consists
largely in advising and
$66,231,899.94, the amount out¬ offering
the
highest
premium. assisting the assessor in the per¬
concerted effort by all
groups and agencies which have a
Bergen County Trunk Sewer Sys¬
tem—A dispatch from Trenton to
the
The way
lemma,"
through
.
the state, its
"un¬
are
usually .high" in comparison with
competing cities.
ses¬
-
Assembly
bonded debt and tax rate
1493
interest 'must be named in
a
of
multiple of one one-hundredth subject only to review of his acts
T%. Award to lowest rate of by the courts or some qUgsi-
pay¬
able at the State Bank of William¬
Williamson, with New York
exchange. The bonds are general
son.
in the
first
of the Town, payable
instance from a levy;
FHE COMMERCIAL &
1494
the property in the District,
but if not paid from such levy, all
of the taxable real property with¬
upon
will be subject to
in the town
the
to pay
interest there¬
on
without limitation as to rate
or
amount.
Issued pursuant to
the Town Law, General Municipal
Law and Chapter 86 of the Laws
of 1944, the period of probable
of ad valorem taxes
levy
said bonds and the
.
State Treasurer.
In the event that
prior to the delivery of the bonds
the income received
by private
holders from bonds of the same
type and character shall be tax¬
terms of any Federal
law, the successful
bidder may, at his election, be
relieved of his obligations under
able by the
tax
income
purchase the
the contract to
OHIO
Ashland,
Ohio
Offering—Lotta Westover,
Director of Finance, will receive
sealed bids until noon (EWT) on
Bond
15 for the purchase of
$16,700 street improvement, City's
share bonds.
Dated May 1, 1944.
Denom. $1,000, one for $700.
Due
April
bonds
deposit ac¬
companying his bid will be re¬
turned.
The approving opinion
of Vandewater, Sykes & Galloway,
of New York, will be furnished
to the purchaser without cost. En¬
close a certified check for $500,
payable to the Town.
CAROLINA
NORTH
$1,000 in
1946, $1,000 in 1947,
$2,000 in 1948, $1,000 in 1949,
$2,000 in 1950 to 1953, and $1,700
in 1954.
Bidders may bid for a
different rate of interest in a mul¬
tiple of V4 of 1%. The bonds will
be sold to the highest bidder for
not
less
than
face value and
accrued interest.
Enclose a certied check for $175, payable to the
Oct.
1,
as
follows:
1945, $2,000 in
City.
(State of)
Gallipolis, Ohio
Debt Reduced—
Bond Sale—The $42,000 refund¬
When Governor Broughton shov¬
eled nearly $25,000,000 worth of ing bonds offered for sale on April
liquidated bonds and bond cou¬ 3—v. 159, p. 1398—were awarded
to Braun, Bosworth & Co., as l%s,
pons into the capitol furnace re¬
cently the State of North Carolina paying a price of 100.574, a basis
Dated April 1,
for the first time saw its general of about 1.18%.
Denom. $1,000. ..Due $3,000
debt overbalanced by quick assets. 1944.
North Carolina
General
Net
debt of the Oct. 1,1945 to 1958. The next high¬
$52,768,524.31 as est bidder was Stranahan, Harris
of March' 31, 1944.
The Budget & Co., Inc., for VAs, at a price of
Bureau has
estimated that the 100.18.
general fund surplus at the end
I ronton, Ohio
of this fiscal year will be around
Bond Ordinance Passed — The
$55,000,000, greatest on record. Of City Council recently passed an
this surplus, $20,106,352.75 is in¬
ordinance calling for an issue of
vested in a post-war bond fund,
$18,000 6% street draining, re¬
and another $15,000,000 is in tem¬
surfacing, curb and gutter con¬
porary general fund investment. struction bonds.
Dated June 1,
Going into the fire was $15,- 1944. Denom. $1,000. Due $3,000
227,000 worth of bonds and $9,- June
1,1946 to 1951. Principal and
457,982.50 in coupons.
The $15,- interest payable at the First Na¬
227,000 represented a reduction in tional
Bank, Ironton,
the
general fund and highway
general
net
The
State
stands
at
Ohio (State of)
begin¬
ending June 20,
Municipal Prices Move Higher
1943, thus keeping up the State's —J. A. White & Co., Cincinnati,
record of paying over $7,500,000 reported on April 5 as follows:
per year on its debts, exclusive of
Prices resumed
their upward
interest.
march in the Ohio municipal mar¬
The net debt of the State, both ket during the past week, and ac¬
general fund and highway bonds, tivity was also improved. Our in¬
stands now at $100,082,529.90. In dex of the yield for 20 Ohio bonds
1926 the figure was $144,065,000. stands today at 1.32%, compared
The highway fund, which now with 1.33% last week. The yield
also contains a large surplus, is on the 10 high grade bonds de¬
derived from gasoline taxes and clined from 1.18% to 1.17%, and
motor vehicle licenses.
on the 10 lower grade bonds, from
for
debts
the
biennium
ning July 1, 1941,
Reidsville, N. C.
Offering—W. E.
Bond
*
1.48%
Easter-
ling, Secretary Local Government
Commission, will receive sealed
bids at his office in Raleigh until
11
a.
m.
(EWT)
on
April 11 for
purchase of $100,000 coupon
airport bonds. Dated May 1, 1944.
Denom. $1,000. Due May 1, as fol¬
lows: $4,000 in 1946 to 1955, $5,000
in
1956 to 1961, and $10,000 in
1962 to 1964. Registerable as to
the
principal only; general obliga¬
tions; unlimited tax; delivery on
or
about May 1, 1944, at a place
of
purchaser's choice. Principal
and interest payable in New York
City.
name
Bidders are requested to
the interest rate or rates in
multiples of 14 of 1%.
Each bid
may name one rate for part of
bonds
(having the earliest
the
maturities)
and another rate for
the
balance, but no bid may name
than two' rates, and each
bidder must specify
in his bid
more
the amount of bonds of each rate.
The bonds will be awarded to the
bidder
offering
to
purchase
the
bonds
at the
to the
City, such cost to be deter¬
mined
by
lowest
/interest cost-
deducting
the
total
amount of the premium bid from
the aggregate amount of interest
all of the bonds until their
respective maturities.
No bid of
upon
less than par and accrued interest
will be entertained.
In the event
that
prior to the delivery of-the
bonds
the
income
received
by
private holders from bonds of the
same type and character shall be
taxable by the terms of any Fed¬
eral income tax
law, the
A
tion
Citizen's
was
Planning
Associa¬
organized
'
'
1
Ray Palmer in his annual report
The
to Gov. John W. Bricker.
port,
issued
declared
on
that
in
March
the
24
re¬
last,
face of the
625
"
impact
was
able
in
1943 to accom¬
to
The
$17,291. *•'
grand total of all funds on"
the year 1943:
hand at the close of
ing out of old cars, the Commis¬
sion
$506,696,
was
Port
(1) Meet all obligations in full
on
compared with
1942.
as
$559,294 at the end of
plish the following:
and
$23,192
$41,192., The Pomeroy-Mason
reserve fund increased from $12,to
of gasoline and * tire
rationing, and the gradual wear¬
full
fund increased from
serve
Clinton, Ohio
Ordinance
Bond
time.
;
Passed-—The
Village Council recently passed an.
(2)
Reduce
the
outstanding ordinance
is to obtain approval of
calling for an issue of
the city council for funds to make bonded debt on the four bridges
$22,000 4% trunk sanitary sewer
a
master
plan for the greater operated by the Commission to bonds. Dated
April 1, 1944.
De¬
Cincinnati area. Though the sum the extent of $421,000.
; v
nom.
$1,000. Due Oct. 1, 1945 to
of $250,000 is discussed as neces¬
(3) Reduce operating expenses
1954.
Principal and interest pay¬
sary for completion of the plan, to the lowest level for any year able
at the
Village Treasurer's
it is likely that $100,000 will be since the Commission has oper¬
office.
:;
ated the bridges.
appropriated for this year's work,
Sidney, Ohio
'
the association said.
(4)
Non-operating
expenses
The city's planning organization (interest on bonds, etc.) lowest in
% Bond Election—The-City Coun¬
is financed entirely
by private the Commission's history.
cil recently voted to place on the
(5) All of the necessary bridge ballot at the November election
subscriptions from business firms
work
was
carried an issue of street improvement
and individuals.
The budget for maintenance
out as usual.
1944 was set at $10,000.
bonds.
'v^vrV.
.y:
(6) Effected a further reduction
General
Revenue
Fund
Re¬
Struthers, Ohio
r
of $300,000 in the State of West
ceipts Show Decrease — General
Bond Offering—John F. Pearce,.
Virginia's assessed valuation of
revenue fund receipts of the State
Ohio's bridges, and an additional City Auditor, will receive sealed
of
Ohio
were
$169,933,370 last
bids until noon on April 15 for
saving of $6,032 in taxes.
.
.year, a decrease of $679,000 from
The $421,000 bonds retired dur¬ the purchase of $20,000 jefunding
the 1942 -total of $170,612,298, a
bonds.;- Dated Jan. 1, 1944. De¬
ing the past year were as follows:
study of the State's fiscal affairs
nom. $1,000.
Due Dec. 1, as fol-1
prepared by the Municipal Re¬ $125,000 each on Sandusky Bay lows:
$2,000 in 1944, $4,000 in 1945
Bridge and East Liverpool-Ches¬
search Bureau of the Cleveland
and 1946, and $5,000 in 1947 and
ter Bridge; $90,000 on SteubenChamber of Commerce disclosed
1948.
Bidders may bid for a dif¬
ville-Weirton Bridge, and $81,000
recently.
ferent rate of interest in a mul¬
on Pomeroy-Mason
Bridge.
The
Disbursements of the general
tiple of lA of 1%.
Principal and
revenue
fund aggregated $147,- following are excerpts from Mr.
interest
payable
at
the
City
Palmer's report:
670,312 in 1943, up from $139,612,Treasurer's office. The approvingAt the end of 1943, two of the
832 in the preceding year. Budget
of Squire, Sanders &
Commission's bridges — Sandusky opinion
estimates for 1944 placed receipts
Bridge
and Steubenville- Dempsey, of Cleveland, will be
of the fund at $129,623,800, and Bay
Weirton
Bridge — had in
their furnished the purchaser at his ex¬
disbursements at $143,644,547.
sinking
funds
balances almost pense. Enclose a certified check
Highway fund receipts last year
for $200, payable to the City.
large enough to meet the bonds
were $30,141,063, against $33,103,Toledo, Ohio
674 in 1942, while disbursements maturing next October in amounts
of $125,000 and $90,000, respec¬
amounted
to
$30,819,100, com¬
Bond
Ordinance
Passed—The
tively. There are no fixed annual
pared with $29,713,895 in 1942.
City Council recently passed an
maturities on the Pomeroy-Mason
The State general revenue fund
ordinance calling for an issue of
surplus totaled $74,287,550 on Jan. Bridge, but indications were that $200,090 3% special assessment
the Commission would be able to
sidewalk
1, an increase of $28,714,800 from
repair bonds.
Dated
the surplus on Jan. 1 of the pre¬ pay off an additional $24,000 of May 1, 1944. Denom. $l,0G(L_Due
bonds on this bridge April 1, 1944.
ceding year.
$40,000 May 1, 1946 to 1950. PrinSuch retirement will reduce the
Tax receipts of the general rev¬
cipal and interest payable at the
outstanding bonds of the Pom¬ Chemical Bank & Trust Co., New
enue fund last year were $530,000
eroy-Mason Bridge to $175,000, York.
greater than in the year before,
although total receipts were $679,- exactly half the original purchase
Van Buren Township Local School,
price.
vV J'U'.'Vv
the group
such case the
in
and
be
recently for
the Cincinnati area.
The associa¬
tion outlines its future activities
as promotion of the development
posit accompanying his bid will and
improvement of the city and
be returned.
The approving opin¬
surrounding territory and the de¬
ion of Reed, Hoyt & Washburn,
velopment
and operation of a
of New York, will be furnished
master plan for Cincinnati and its
the purchaser. Enclose a certified
metropolitan region.
check for $2,000, payable to the
One of the first objectives of
being 40 years.
*
at his election
his obligations under
the
contract
to
purchase the
bonds and in such case the de¬
relieved of
improvement
the
of
usefulness
ful bidder may
Monday, April 10, 1944
FINANCIAL CHRONICLE
success¬
to 1.47%.
000
less than
in 1942.
Highway Department receipts,
largely from the 3-cent gasoline
tax
and from automobile regis¬
trations
actually were approxi¬
$6,000,000
mately
less
than
in
1942, but half of the deficit was
up by the transfer of $3,-
made
000,000 from the general revenue
fund
as
provided
for
in
the
budget.
this tour¬
1944 bond maturities on
ist-travel
General
however, the
Assembly wisely
took
bridge;
prevent any default in
the East Liverpool-Chester bonds
steps to
in War
Contracts—Ohio is fourth among
the States in war contracts.
With the total outlay in con¬
State
Ranks
Fourth
for one week, prices tracts and allocations approach¬
have risen each week since the
ing $200,000,000,000, Ohio's share
middle of January.
is estimated roughly at $13,000,Except
District (P. O. Dayton), Ohio
Of the four bridges, the East
Other Bids—The $62,000 build¬
Liverpool-Chester
Bridge
pre¬
sented the only drab scene in an ing bonds awarded March 30 to
otherwise bright picture. A sud¬ the Ohio Co., of Columbus, as IV2S,
den, but unexpected, increase in at a price of 100.734, a basis of
1.367%—v. 159, p. 1295—
auto travel is the only thing that about
were also bid for as follows:
%
can provide the funds to meet the
by providing for a loan from
State
Emergency
Fund
in
amount up to
the
A.
Price
100.57 :
V/2
100.44
IV2
White & Co
Bank &
Cincinnati __
Coi,
100.18
100.49'1
100.75
Provident Savings
Trust Co.,
■
Harris &
Stranahan,
Inc.
Fox,
Reusch & Co
134
Pohl
& Co.
1%
an
$150,000.
The end of 1943 saw
bonds issued to buy
IV2 7c
Int. Rate
Bidder—
J.
OKLAHOMA
66% of the
Enid, Okla.
the Sandusky
W. Groh, City,
Agencies In Three 000,000 by the War Production
Treasurer, reports that the follow¬
Cities Move Ahead On Postwar Board. ' As of Jan. 1, war supply bonds, and 43% of the Pomeroy- ing bonds are called for payment
Activities—Postwar planning or¬ and facility, contracts awarded in Mason Bridge bonus retired. The on May 1, 1944 at the Manufac¬
ganizations in Cleveland, Toledo the State approximated $12,500,- East
Liverpool-Chester
Bridge, turers Trust Co., New York at par
and Cincinnati are making sur¬ 000,000 and officials said the total acquired in 1938, two years after and accrued interest:
the others, has 21% of its bonds
veys of future projects and for¬ was going up fasti*
Community house bonds 1926
Ahead of Ohio 'were Michigan paid.
mulating specific plans for the
Nos. 52 to 54.
,
Bond retirement at the end of
development and improvement of with $19,000,000,000; New York
Main sewer system and exten¬
their communities after the war, with
$16,600,000,000, and Cali¬ 1943 was as follows:
sion of 1926, bond No. 2.
the American Society of Planning fornia with $16,300,000,000.
Water works system and exten¬
(I11 thousands of dollars)
Official reports.
Every conceivable kind of war
sion of 1926, bonds Nos.
180- to
'Bonds
Bonds
The Greater Cleveland Postwar equipment is being produced in
187.
•
•
Original Paid
OutIssue
Off
standing
the Buckeye State—aircraft, ships,
Council, metropolitan in member¬
Issued May 1, 1926. Due May 1,
ordnance and the like.
Sandusky Bay —925
1,269
656
ship and scope, is making a sur¬
1951, callable on or after May 1,
845
755
Most Buckeye counties shared Steubenville-Weirton 1,600
1941.
Interest
ceases
on
date
vey of all existing agencies en¬
E. LiverpcJbl Chester 2,135
560
1,575
in the huge outpouring of money,
called.
gaged in any type of war plan¬
Pomeroy-Mason
350
151
199
Cuyahoga leading with $4,300,ning activities. The purpose of
Total
income
of the
Bridge
OREGON
the
council, appointed by the 000,000 on Jan. 1.
Others were Lucas,
$686,202,- Commission in 1943 was $583,487,
mayor last summer, is to coor¬
Carvalis, Ore.
as
compared with $727,281
in
dinate the planning being done in 000; Allen, $241,435,000; Defiance,
Bond
Offering — Ralph
P.
1942; $906,199 in 1941 and $877,616
different fields, to eliminate any $8,290,000; Erie, $99,146,000; Fay¬
in 1940.
Schindler, City Recorder, will re¬
ette, $2,548,000; Fulton, $1,583,000;
duplication of work and to stimu¬
Operating expenses were $152,- ceive sealed bids until 5 p.m. on
Huron, $1,679,000; Ottawa, $37,late activity in all fields.
017
in 1943
as
compared with April
17 for the
purchase of
The
executive
committee
is 414,000; Portage, $162,473,000;
$181,986 in 1942; $161,977 in 1941, $25,000 not to exceed 4% emer¬
composed of public officials, civic Sandusky, $5,456,000; Van Wert,
and $166,617 in 1940.
gency bonds.
Dated April 1, 1944.
association members and repre¬ $1,694,000; Williams, $35,523,000;
The approving
Non-operating expenses (mainly Denom. $1,000.
Wood, $15,224,000, and Wyandot,
sentatives of labor and business.
interest on bonds) was $67,924 in opinion of Teal, Winfree, McCulAppropriations
for
official $98,000.
1943, as compared with $79,765 in loch, Shuler & Kelley, of Portland,
planning in Toledo were increased
Ohio State Bridge Commission
1942; $95,827 in 1941, and $273,425 will be furnished the purchaser.
from $10,000 to $35,000 as a result
(Pi O. Columbus), Ohio
Enclose a certied check for $500,
in 1940.
of action by the city council and
Reserve
funds
on
all
four payable to the City.
Bridge
Indebtedness
Reduced
the county commissioners.
bridges at the close Of 1943 were
A staff is being organized for $421,000 in 1943—
Huntington, Ore.
the increasing activities of both
Although conditions were the the largest they have ever been.
Bonds Vote — At an
election
year, the Sandusky
worst in its history, the Ohio State During the
the Toledo City Plan commission
held recently the following bonds
Bay reserve fund increased from
and the Lucas County Planning Bridge
Commission nevertheless
aggregating $34,000 were favor¬
commission.
The staff will make was able to meet all of its obli¬ $22,501 to $46,501. The Steuben¬
ville-Weirton
reserve
fund in¬ ably voted: $20,000 well drilling
gations in full and on time in
specific plans for the extension
creased from $26,395 to $50,395. bonds and $14,000 City Hall, jail
of the Anthony Wayne Trail into ,1943, it was stated by Secretaryand fire house bonds.
Treasurer' and General Manager The East Liverpool-Chester re¬
the downtown area.
■
'
Planning
Bay Bridge paid off. 52% of the
Steubenvilte - Weirton
Bridge
Call—E.
Bond
■
.
.
>
.
7
~
.
*:
..
*
*
* *
'
k
Volume.159 '. Number 427 iTi &&
THE COMMERCIAL & FINANCIAL CHRONICLE
1495
•
PENNSYLVANIA
>
<
have
.
holders
Homestead, Pa.
Protest Federal-Built Plant As¬
Chairman
John
J.
Kane
Commissioners
collect
Commissioners agreed
in"
on
time
assessment
fixed
rules
sessing
Offering
Borough
—
to
name
be the
.
;
all
v
for
same
the" entire issue.
without
The
cost.
sale
of
the
district
of said
hours'
is subject to the approval
of the Department of Internal Affairs. Enclose a certified check fqr
$500, payable to the Borough. /;
v
Port
Allegany, Pa.
called
for
April 25 to sub¬
mit to the voters an issue of $20,000 flood drainage repair bonds.
Reading, Pa.
Funding
Improvement
Bonds
Discussed—The Reading "Times"
.
1
of March 30 noted the following:
The city will welcome a test
ality of
mitting
third-class
street
cities
assessment
Philadelphia
to
not less than
bonds,
investment
a
broker
told after presenting to coun¬
was
terest, and
will be payable from
1
ing
imposed by law
school districts of this class.
The
enactment, at any time prior
to the delivery of the temporary
obligations of Federal legislation
which in terms, by the repeal or
omission of exemptions or other¬
wise, subjects to a Federal income
tax
the interest
class
a
obligations of
on
character which includes
or
these
temporary obligations will,
election of the purchaser,
the
purchaser from his
the
contract
of
purchaser
sale
entitle
and
to; the
the
of
the
return
deposited
ject
to
the
with
favorable
the
bid.
opinion
of
Townsend, Elliott & Munson of
Philadelphia, and will be deliv¬
ered only if and after the pro¬
ceedings authorizing the issuance
thereof have been approved by
the Department of Internal Af¬
fairs.
for
Enclose
2%,
certified
a
payable
to
the
check
District
Treasurer.
Bond
Sale
The $10,000
—
on
awarded to
R. H. Johnson
highest
bidder
Ward which
are
now
•
.
Asking the city to refund the
improvement bonds with a gen¬
Philadelphia,
price of 100.099,
as
a
$1,000.
Dougherty & Co.,
price of 100.67.
SOUTH
sessments"
press
and
collection
reasonable
"failure
the
liens
time."
/
within
to
solicitor
act
is
are
and
of the
the
bond
firm
opinion that the
unconstitutional.
illness of
Mayor J. Henry
Stump, pointed out that regardless
.
the
be
1J/4S, at
for
city, is -liable
br
not, the cost of filing liens would
on
bonds
and
pay¬
required redemption
and
interest
thereon
due June
1, 1944, will be available
Guaranty Trust Co., New
the
at
York, and the Commerce Union
Bank, Columbia.
Interest ceases
date called.
on
■...y.': i
the
Refunding
Operation—
following report appeared in
March 26
ville
/
"News
The
any
issue of the Knox¬
and
Sentinel":
bonds
under
the
1942
program,
City Manager George
Dempster notified Morgan Ayres,
of
Cumberland
Securities
Corp.,
yesterday, and at the
figures on the
Nashville,
time released
same
refunding
.
city
beeh
has
than
interest
obligated
a
site
of
purchase
on
by the
April 18.
TENNESSEE
period
a
ranging
from 15 to 24 years beyond the
previous maturity dates of the
bonds.That
$10,605 additional interest
required this year for bonds
was
for
Nos.
100
payment
Dated June
000.
Due
Funds
to
are
called
June
on
1, * 1939.
June
for
750
1,
1, 1944.
Denom. $1,-
1945
to
1959.
the
payment of said
bonds and for payment of required
redemption premiums and inter¬
due
Bank,
June
on
available
at
the
that would have been paid off be¬
now if
they had not been re¬
approximately
interest
will
be
re¬
quired for these bonds alone be¬
fore they are paid.
'
■
That
$1,303,000 of the bonds
funded
(more
the total)
than
re¬
one-third
of
obligations of the
Sinking Fund, which was fully
solvent and prepared to pay off
all bonds as they, fell due.
That $220,000 of the bonds were
refunded
after
they
had
been
paid, since they had been bought
by the Sinking Fund and were
being held as investments.
They
were
could have been cancelled at
turity
The
without
extra
interest
extra
the
cost.
pay
them now will be approxi¬
mately $175,000.
The question of additionl bond
refunding came to a head last
on
week when the
who
that
refunding agents,
given a contract last
were
year
extends
until
:,
.
,
c
6%
or
3y2%
interest
interest
refunded
are-
it
means
saving
a
for the city. The fact is that these
bonds continue to draw the higher
rate
of
interest
the
to
up
is
June
of
then
added
time
for
on
an
additional period of years.
"The only material result of the
refunding
program was a reduc¬
the city tax rate 5 cents
of
and 10 cents for another.
one year
Based
the
.100%
on
tax
rate
tax
collections,
reduction
amounted
to
approximately $202,500.
For
the
privilege of' keeping
that
$202,500 in their pockets, Knox¬
ville taxpayers have been (Obli¬
gated to
than $1,500,000.
"The present proposal that the
city refund $65,000 more in bonds
pay more
when the
000
in
Sinking Fund has $175,-
cash
available
invest¬
for
ment, is like a man with $1,000 in
his pocket going to the bank to
borrow $500 more so he could
carry that money in his pocket.
kind
of
would break
ing Fund bonds, which the Sink¬
ing Fund is prepared to pay at
present maturity without refund¬
ing, and which, in fact, the Sink¬
ing Fund is able to buy outright
for investments...
,,
has
Stapleton
Sinking Fund/ now
$175,000,
the
cash
a
.
balance ,,of
which will be increased when this
year's
Lenoir City,
Offering
:/■'/■"/ ;;:///:"4V;/4/V'"
"v
his
letter to
Mr.
Ayres ex¬
plaining the city's opposition to
further refunding, Mr. Dempster
the
making
city
an
outright instead of
exchange for other
bonds which would draw interest
for
a
long period of
years.
mean
a
sav¬
ing to the city and not extend the
maturity of any new bonds past
maturities, I shall be
glad to have this suggestion," Mr.
Dempster wrote.
the present
Asked last night for a statement
on
the bond refunding, the city
manager
said:
10:30 p. m. on April 10
able
to
plan to
city is
its obligations
meet
a
they fall due.
Bank
Company,
ilton National Bank of
Knoxville,
Tennessee.
McMinnville, Tenn.
Bond Sale—The
system
$393,000 electric
revenue, Series A bonds
for sale on April 1—v.
offered
159, p. 1399—were awarded to a
syndicate composed of Equitable
Securities
Corp., John Nuveen &
Co., of Chicago, Davidson & Co.,
of Knoxville, Cumberland Secur¬
ities Corp., of Nashville,
Barcus,
Kindred &
ville
J.
C.
Co., of Nashville,
Bradford
Bass
H.
Co., of Chicago, Nash¬
Securities
& Co., Jack M.
Co., both of Nashville, C.
& Co., of Jackson, and
&
Co., of Nashville, at
&
Little
Clark
101.58,
I.606%,
interest
net
a
as
cost
of
follows:
$132,000 2% refunding bonds. Due
June 1, as follows: $20,000 in
1945, $21,000 in 1946, $22,000
in 1947 and 1948, $23,000 in
1949, and $24,000 in 1950.
261,000 1%% refunding bonds.
Due
June
1, as follows: $25,1951, $26,000 in 1952,
$27,000 in 1953, $28,000 in
1954, $29,000 in 1955, $31,000
in 1957, $32,000 in
1958, and
$33,000 in 1959.
in
000
1, 1943.
Other bid¬
ders
were
Stranahan, Harris &
Co., Inc., James F. Smith & Cp.,
Ryan,
Sutherland
&
Co.,
and
Webster &
Shelbyville, Tenn.
Bond Call
Eustace Williams,
Mayor, reports that 3% electric
system revenue, Series A, bonds
$172,000:
Gibson, at 100.89.
—
$102,000
2i/z%
refunding bonds.
as follows: $16,000 in 1945 and 1946, $17,000
in 1947 and 1948, and $18,000
Due June
1,
in 1949 and 1950.
70,000
2y4%
Due June
in
000
.
refunding bonds.
1, as follows: $18,-
1951, $19,000 in 1952
and 1953, and $14,000 in 1954.
..
Dated
Dec.
$1,000.
1,
Denom.
All of the bonds
redemption in
are
for
numerical order
and
1943.
on
interest
any
op¬
inverse
June 1, 1945,
payment date
Nos. 61 to
ment
292, are called for pay¬
June 1, 1944.
Dated June
on
1, 1939. Denom. $1,000. Due June
1, 1946 to 1957.
Funds for pay¬
of
ment
of
said bonds and payment
required redemption pre¬
the
miums
June
the
and
interest
due
thereon
1, 1944, will be available at
Chemical
New
Bank & Trust Co.,
City, and the Peoples
Bank, Shelbyville. In¬
York
National
terest
ceases
date called.
on
thereafter at par and accrued in¬
Tennessee
(State of)
terest, plus premiums of $25.00 for
February
Revenues
Increase
each bond redeemed prior to ma¬
22.8%—Total collected revenues
turity and on or before June 1,1
of the
State of Tennessee last
1948; $20.00 for each bond re-1
deemed prior to maturity, after month aggregated $3,559,158, an
prior to
for each
maturity ;
after June 1, 1950. The bonds
are,
issued for the purpose of refund¬
ing a like principal amount of the j
outstanding electric system rev- •
enue
bonds, Series A, of said.
city, and will be payable, together I
with the unrefunded portion of
Series A and such other obliga¬
tions, as may be issued on a parity
under the provisions of the res¬
year
to
year
in the
manner
pro¬
vided in the resolutions
pursuant
to which
to
sued.
the
bonds
are
be is¬
The
city will supply the
approving opinion of Chapman &
Cutler, of Chicago, and all bids
increase
of
$659,837,
or
22.8%
the
over
February, 1943, amount
$2,899,321, the State Depart¬
of
ment of Finance and Taxation
re¬
ported. Last month's collections,
however, represented a 1% de¬
cline from
the
the $3,596,698 total of
comparable
1942
month.
The largest single item of State
revenue, gasoline
taxes, amounted
$2,053,857 in February, an in¬
of 60.6 per cent over the
February, 1943, total of $1,281,822,
to
crease
and
a
decrease
similar 1942
Tobacco
of 2.5%
sum
taxes
of
from the
$2,111,181.
increased
35.9%
to
$408,523 for the latest month
and beer levies jumped 41.1% to
$109,014, while alcoholic beverage
revenues dropped 55.6% to $143,878, as compared with February
of last year.
For
the
first
eight
months of
bid
Tennessee's fiscal year from July
will be accepted for less than par
and accrued interest to June 1,
through February, total collected
revenues were $30,090,861, an in¬
must
with
be
so
The
the
No
conditioned.
bonds
to
proceeds
be
of
refunded
the
above
described bonds have been called
for
redemption
on
June
1,
1944,
and the successful bidder must be
prepared to accept delivery of the
refunding bonds on or prior to
that date.
It is anticipated that
the bonds will be ready for de¬
livery on or about April 15, 1944.
Enclose
of the
certified
a
check for 2%
bonds, payable to the City
Treasurer.
"Bond refunding is a
postpone payments when
coupons
Chemical
bonds aggregating
1944.
"Should you be able to suggest
a method of
refunding a portion
of the bonded debt of the
City of
of
for the purchase of the following
electric system revenue Series A
contribution
of
$112,000
olutions authorizing said bonds,
received, and the Sinking Fund
from a portion of the net revenues
is seeking good investments for
of the city's electric distribution
this money—not seeking a way to
system, to be determined from
postpone payment of its obliga¬
In
interest
the
Dated Dec.
Alex Bailey,
City Recorder, will receive sealed
bids until
date
165 Broad¬
way, New York City or the Ham¬
Tenn.
—
at
Trust
financial
policy
individual, and it
an
is
tions.
unmatured
break the city."
can
to
at
this year, presented a list of $65,June 1, 1948, and on or
000 additional bonds for
exchange.,
June 1, 1950, and $10.00
This list included $22,000 of Sink¬
bond redeemed prior to
not
York -City, and the
Bank, Cleve¬
land, >Tehn.- Interest ceases on call
date,
.y
"There is a: wide, and entirely
incorrect, belief that when bonds
on
which the city is paying 5%
interest
upon surrender of said bonds with
all
and
.i
<
|
tional
city must
with
redemption and premium of 4%,
attached
due.
come
ma¬
when
National
$212,000
thereof
have
Bond
additional
Chase
New
Cleveland
long period of years, and
Sinking Fund was well
June 1, 1944. Said bonds will be
redeemed at the principal amount
able to pay at the time they would
funded.
That
made
are
which the
fore
1, 1944, will be
National
contributions
a
That
Knoxville which will
Bond Call—Pat Randolph, City
Clerk, reports that the City 2%%
electric system
^revenue Series A
bonds
pay
suggested that the bonds be sold
issue
considered
to
$1,500,000 in additional
over
over
i tion
;
city will refuse to refund
more
which
interest
Halts
The
at1
maturity dates. This is especially
true of Sinking Fund bonds, for
they should be paid, and the 3Vz%
Knoxville, Tenn.
•
to
An
—
election
an
Webster
DAKOTA
hospital
will
voters at
est
the
whether
bonds
The next
A.
Cleveland, Tenn.
Gingrich, who presided during
of
$30,000
Co.,
Falls, S. D.
Election
r::
Philadelphia, who handle practically all bond issues for munici¬
palities of the state, Councilman
John A. Gingrich said that the
city would be willing to abide by
any court decision, but that the
city
Bond
a
Referring
to
an
opinion ■ of
Townsend, Elliott and Munson,
both
Sioux
&
Is, paying a
basis of about
was
eral
obligation bond, Charles R.
Miller,- a bond salesman repre¬
senting Leach Brothers, Philadelphia, charged in city with "negli¬
gence in levying of adequate as¬
im¬
April 5—v. 159, p. 1399—were
Denom.
default.
of the
premiums
reported
provement bonds offered for sale
0.984%.
Eighteenth
partially in
said
City Treasurer, W, H.
Robesonia School District, Pa.
provements
*
within the tax-r
limitations
upon
of
in." the
of
payment
re¬
and accrued in¬
par
ad valorem taxes
re¬
'
"
be
highest respon¬
sible bidder provided such bid is
cil, yesterday, a request to refund
$180,000 worth of bonds for im-
*
will
Bids
will be sold to the
act of legislature per-
an
payment
1, 1944. Denom. $1,000. Due
June 1, 1946 to 1959.
Funds for
suit to determine the constitution-
fund
*
48
These obligations are issued sub¬
Bond Election—An election has
been
.
on
upon
1944,,
combining two different
rates will be considered,
Interest
payable at maturity unless the
obligations are called for prior
redemption.
These
obligations
amount
J
*
;
3,
and
par
time
any
bid
at
'■
.
July
at
or
relieve
:
.
any
obligations at
notice;
:
.
redeem
ceived for the entire issue at. any
of the above rates of interest but
.bonds
;
to
interest
after
or
that
Principle and interest (A-O) pay¬
able
at
the
Sewickley /Valley
Trust Co., Sewickley.
The ap¬
proving
opinion - of
Burgwin,
Scully & Churchill, of Pittsburgh,
will be furnished the purchaser,
receive
for
to
more
accrued
Sohn,
;in a multiple of *4 of 1% and must
-
will
called
are
143
program up to Jan. 1
of this year, which show:
That
a
total -of
$2,952,000 of
bonds has beCn refunded and the
school
bids until
the rate of interest
ap¬
bonds Nos.
$50,000. Due Aug. 15, 1944. Sub¬
ject, however, to the right of the
18 p.m. (EWT) on April 10 for the
.ders
800
A
(EWT) on
April 18 for the purchase of $250,000 temporary
general obligations.
Dated May 1, 1944. Denomination
as¬
•purchase of $16,000 parks and
tparkways coupon bonds.
Dated
»April 1, 1944. Denom. $1,000. Due
; $1,000 April 1, 1946 to 1961. Bid-
was
sealed bids until 8
p.m.
no
reports
ap¬
would have been unable to pay
June
cre¬
:
Secretary,
Series
enue
col¬
appraisal of 55
an
'
District
*
Viola
Secretary,
she will receive sealed
funds
Reading School District, Pa.
Bond Offering—John C. Rhoads,
Leetsdale, Pa.
Bond
■//
the
providing
properties
proved.
properties so
that all property will be assessed
;
street
reading, and the
appointing William J.
city-owned
industrial
equitably and uniformly."
the
second
on
Senner to make
view to obtaining
of
16
$1,000 bonds and 14
of
Columbia, Tenn.
Bond Call—Herman F.
Roach,
City Recorder, reports that the
City .2%% electric system rev¬
ment
that
of the
escrow
resolution
of
andi standards
col¬
charges.
contended
each
173
are
proved
-
the Commissioners to join in their
a
abutting
monies
lected from tax sales and the
ation of a separate fund was
$10,793,000 on
.the Defense Plant Corp., built by
the Government at a cost of $88,617,000 and operated by the Car¬
negie-Illinois Steel Co., is far too
low, Burgess McLean declared: ;
•'
"We will fight this assessment
as far as we can go,"
//:/'/,^
Pointing out that Homestead
'Borough and School Board must
:
accept
the
County
Assessment
Board's valuation for levying their
tax rate, Attorney McGuire asked
-protest "with
had
from
placing in
After stating his conviction that
<
•the
that
bonds of $500.'
The
ordinance
"sit
-
ex¬
paving districts should have been
kept separate. Outstanding at this
tween Homestead officials and Tax
Assessment Board members.
of
owners
and
Miller
bonds
be
to
quite
-
to meet interest
meeting next week be¬
a
be
bond¬
lected have been pooled to retire
the bonds as fast as possible and
courting jail if they tried to direct
assessments by the Tax Board but
the
would
from
property
told
would
and
-
the
Gingrich further explained that
city' has been endeavoring to
ough Solicitor P. H. McGuire that
'
"paid., by
the
.Burgess John J. McLean and Bor¬
'the
be
pensive.",.
sessment—Declaring that an $88,000,000 Homestead war plant is
assessed at only $10,793,000 for tax
purposes, Homestead borough of¬
ficials recently asked the County
Commissioners to join in an ap¬
peal to the County Assessment
Board for an equitable adjustment
;of assessments upon industries,
j
to
crease
Bond Call—I. H.
or
0.6%
from
ceding comparable period, and a
decrease of 3.6% from $31,230,432
period.
Gasoline
taxes
for
the
latest
period amounted to $14,223,822,
a
decline of 0.6% from the 1943 ag¬
gregate of $14,317,701 and a drop
of 17.8% from the 1942 total of
$17,317,158.
revenues
period,
Tenn.
$184,668,
in the similar 1942 fiscal
levies
Loudon,
of
the total of $29,906,192 in the pre¬
ceding
Tobacco
were
and
up
in
alcoholic
and
the
beer
latest
beverage
decreased against the pre¬
year's
collections.
Watson, Secre¬
\
Winchester, Tenn.
tary-Treasurer,
announces
that
Bond Call
J. H. Winn, City
city electric system revenue
bonds, series A of June 1, 1939, Recorder, reports that 3% and
out apparent reason, since there Nos. 98 to
electric
system
revenue
105, both inclusive, have 31A%
is
no
indication
that
the
city been called for redemption on Series A bonds Nos. 29 to 33 and
"In
bonds
the
have
present
been
instance
refunded
city
with¬
—
THE
COMMERCIAL & FINANCIAL
1944
Monday, April 10,
CHRONICLE
1496
165, are called for payment
1, 1944. Dated June 1,
$1,000. Due June 1,
87 to
notes,
June
on
1946
will
1944,
Guaranty
Brownwood, Texas, 3rd
notes, dated May 10,
1944 and due May 8, 1945.
2,350,000 Houston, Texas, notes,
dated May 10, 1944 and due
May 29, 1945, as follows: $1,000,000 19th series and $1,350,000 20th series.
422,000 Kern County, Calif., 3rd
series notes, dated May 10,
1944 and due Nov. 28, 1944.
1,338,000 Los Angeles, Calif., 27th
series notes, dated May 10,
345,000
due June 1,
available at the
Trust Co., New York
series
be
and the Commerce
Bank,. Nashville. Interest
on date called.
City,
Union
ceases
TEXAS
Texas
Grand Prairie,
Published no¬
tice has been made of the city's
intention to sell an issue of $34,000
refunding water works bonds, ac¬
cording to City Secretary Stella
Sell Bonds
To
Rhode..
—
1944 and due
Mercedes, Texas
receive
until
sealed tenders
on
p. m.
each.
ered.
'
Paducah, Texas
vari¬
p.
1199—were sold to
786,000
Wheeler),
Texas
Rejected
Bids
man,
—
James O'Gor-
County. Treasurer, reports
received for the $32,-
that all bids
000
bonds were
bridge refunding
Wichita Falls,
Texas-Bond
election
on
Texas
Election
April
—
8, 1945.
an
the voters
of $3,500,000
bonds.
11
will consider an issue
waterworks revenue
UNITED STATES
United States
Authorities To
Notes—Announce¬
ment is made of the intention of
various local housing authorities
to dispose of note issues aggre¬
gating $47,196,000. Of this amount,
$39,799,000
will be offered on
April 19 and $7,397,000 on May
10.
The issues to be sold on the
Local
Housing
Sell $47,196,000
are
described
as
follows:
-
$885,000 Middletown, Conn., notes,
$385,000 4th series and $500,000 5th series, dated May 10,
1944 and due Aug. 7, 1945.
Pa.,
Philadelphia,
notes,
series
21st
dated May 31,
28, 1945.
1944 and due Aug.
195,000 Tarrant, Ala.,
3rd series
1944 and
notes, dated May 31,
due Feb. 27, 1945.
744,000
193,000
At
H.; and Laramie, Wyo.
of cities adopted new
A number
licenses
or
increased the amount
some
the
revenue
from
Moline,
3rd
111.,
series
31, 1944 and
Brownsville, Texas, 1st
notes, dated May 31,
series
1944 and due Feb.
27, 1945.
495,000 Lubbock, Texas, 3rd ser¬
ies notes, dated May 31, 1944
and due Aug. 8, 1945.
376,000 Upland, Calif., 2nd series
notes, dated May 31, 1944 and
due Aug. 7, 1945.
1,119,000 Sacramento, Calif., 6th
series notes, dated May 31,
1944 and due May 29, 1945.
505,000 Sacramento County, Cal¬
ifornia, 4th series notes, dated
May
31,
29, 1945.
1944
and due May
'
1,410,000
Denver
(City
and
County), Colo., notes, dated
May 31, 1944 and due May
1945, as follows: $410,000
17th
series
and
$1,000,000
29,
18th series.
-v,::■
population.
participation
to
by
purchases
governments as
in the various
local
and
War Loan drives,
the Council
said
$200,000,000
(M)
was
invested
during the first War Loan drive,
$504,000,000 (M) during the sec¬
ond
drive, $790,000,000
ing the third drive,
000 (M) during the
WASHINGTON
Jefferson
v
taxes, a field
State withdrew
admissions
from
the
which
from
WISCONSIN
year
Defeated—A. W. Bareis.
Bonds
sions,
Last
Madison, Wis.
V
10% tax on admis¬
and Clarksburg, W. Va.,
adopted a 1 .cent theater admis¬
—adopted a
tax.
post-war program.
nection with a
during the year.
Two cities in
Alabama—Gadsden and Talladega
City. Clerk, reports that at the
election held recently " the $11,-
Gloucester
500,000 revenue bonds to finance
the purchase of the Madison Gas
which are two years old. Beatrice, &
Electric
Company from the
Neb., received $2,000 rental on American Light & Traction Com¬
land acquired for an airport site/ pany, were defeated.
Benton Harbor,. Mich., adopted a
City, N. J., received $7,000 from
a 1943 levy on tax title certificates
parking
pinball ordinance which brings in
an
annual income of $1,500, and
Cal., $60,000; Muskegon, Mich.,
$35,000; Joplin, Mo., $30,000; New¬
CANADA
Cheyenne metered the water sys¬
tem, increasing revenues,
O., 15,000; Evansville, Ind.,
$90,000; Rochester, N. Y., $100,000;
and Lincoln and North Chicago,
ark,
year.
■
$85,000 a
in
Payments
Pa.,
fig¬
BRUNSWICK
NEW
•
New
lieu of taxes on
public housing projects were lib¬
eralized on low cost housing, and
Brunswick (Province
Barney
Smith,
Offer
of)
To
headed
Syndicate
Bonds—A syndicate
approximat¬ by Smith, Barney & Co., New
ures given.'
ing actual taxes were paid to York, is expected to make publicNew sources of revenue indi¬
cities on war-time housing proj¬ offering
within
the
new
few
cate an attempt on the part of
ects.
It is estimated the Federal weeks of an issue of $5,500,000
cities to secure increased collec¬
Public
Housing Authority paid 2V4% refunding bonds. According
tions from businesses whose in¬
$13,000,000 to local governments to a registration statement filed
comes have increased because oL
"in lieu of taxes on government with the Securities and Exchange
war activities and mounting pop¬
-financed war,housing projects last Commission, on April 5, the bond,
ulations.' Examplesofsueh taxes
year.
issue will be dated April 15, 1944
are special business license fees in
Several cities in war camp areas and mature in 1948. Proceeds of
some western cities and taxes on
received Federal aid for various the sale will be used by the prov¬
income of local utilities.
Though
services, according to information ince to provide for the payment
additional levies in a few cities
to the association.
For example, of $5,500,000 3% bonds which ma¬
bring in a considerable proportion
Hopkinsville, Ky., received more ture on June 1 and July 1, 1944.
of their wartime revenue, the con¬
than $7,000 for operation of the In addition to Smith, Barney &
tinued
development
of state
city's fire and police departments Co., the underwriting group will
grants-in-aid and local scaring of and
$58,900 for construction of a include: First Boston Corp., Harstate-collected taxes in the long
recreation building.
riman Ripley &
Co., Dominion
run offers more hope than locally.Cleveland adopted a new policy Securities Corp., A. E. Ames &
developed miscellaneous sources,
of providing fire protection ser¬
Co., Wood, Gundy & Co., McLeod,
the International City Managers
vice outside the city limits; the Weir & Co., Hayden, Stone & Co.
Association reports.
: ;
new
charge to be two mills per and Whiting, Weeks & Stubbs.
Business licenses are based on
number
of
substantial payments
employees or volume
business or both,
expected
to
yield
$1,200,000
of tax-*
of the owner to
whom service is provided.
Arkansas cities received a share
in the State sales tax for the first
time, and Alabama municipalities
will get a part of the State liquor
monopoly profits.
Kansas cities
will receive a substantial portion
of the State cigarette stamp tax,
dollar
according to
the
summary.
Alameda,
Cal.,
adopted a business license tax
of
1,040,000 Newport, R. I. notes,
New Sources of Local Revenue which will raise $50,000 annually;
$500,000 5th series and $540,- Developed by Cities—New sources Richmond, Cal., anticipates a rev¬
000 6th series, dated May 10,
of municipal revenue were tap¬ enue of $85,000 a year from a new
1944 and due Aug. 28, 1945.
ped, or taxes on old sources in¬ license of $10' a year for each
495,000 Allentown, Pa., 3rd series creased during 1943 by one of business plus $1 for each em¬
notes, dated May 10, 1944 and every
10
communities in
the ployee.
Seattle adopted a busi¬
due Nov. 8, 1944.
country with more than 10,000 ness license and occupation tax
609,000 Montgomery, Pa., (P. O.
Pottstown) 2nd series notes,
down
Breaking
State
:
Centralia, Wash.
Mo., and Mobile County,
began
taxing
cigarettes;
Bond Issuance Discussed — The
Vancouver, Wash., increased the City
Commission recently dis¬
tax on pinball machines and card cussed the issuance of sewage dis¬
tables, and cities in Washington posal plant bonds for a project to
expect to receive $1,440,000 a year cost more than $100,000, in con¬
first full
111., Union and Connellsville,
and Bryan, Tex., no revenue
Council said.
City,
Ala.,
sion
receiving
of
following:
the
include
fees. Elkhart,
license fees.
Cities
investment funds, the
sinking and
of increased city revenues
sources
Ind.,
set up license fees for taxieabs;
Charleston,
S. C., will receive
$12,480 from a special license for
Sunday operation of motion pic¬
ture;: theatres;
Wilmette,
111.,
adopted a fee for bathing beaches
and
bicycles;
New York City
charges a $25 a year fee for in¬
halation therapy services; Butler,
Pa., levied a license of $100 per
bus.
Chicago increased all li¬
censes
10%, and Kenosha, Wis.,
and Wichita Falls, Tex^ increased
of old license
year
notes, dated May
due May 8, 1945.
rejected.
19th
series.
and due May
Charles¬
S. C., will
(M) dur¬
and $788,000,present drive.
The $788,000,000 (M) invested
during the
present War Loan
drive, the Council said, may be
swelled to more than $800,000,000
(M) when all reports are in, since
bus company.
Examples of miscellaneous the current drive is just ending*
Atlantic City, N. J. 1st meters are Vallejo, Cal., $45,000;
notes, dated May 31,
Janesville, Wis.; $12,000; Newark,
and due May 29, 1945. N.
J., $40,000; Enid, Okla.; $12,100,000 Tuckahoe, N.Y., 3rd ser¬ 000;
Waukegan,
111., $22,800;
ies notes, dated May 31, 1944
Wooster, O., $5,762; Santa Ana,
group at par.
Wheeler County (P. O.
be
N.
ton,
1944
the
is anticipated.
of $11,000
series
coupon
159,
of $1,430 a month,
Glencoe anticipates a revenue
revenue
97,000
refunding bonds sold
to Crummer & Co., W. A, Jackson
6 Co. and R; A. Underwood &
Co., all of Dallas, as reported in
v.
will
issues
May 10:
000 5th
Paid—The $335,000
Price
ous
on
$1,377,000 Woonsocket, R. I. notes,
;
- dated
May 31, 1944 and due
Aug. 28, 1945, as follows:
$500,000 4th series and $877,-
at less than par and
interest will be consid¬
accrued
following
The
sold
made
ders
$3,000,000
series,
34th
and
April 10 of refunding
bonds, dated May 1, 1941. Funds
in the amount of $10,000 are avail¬
able for purchase and only ten¬
5
May 8, 1945.
Angeles, Calif.,
10, 1944 and
due May 8, 1945, as follows:
$431,000 28th series, 29th and
30th, $1,000,000 each; 31st and
32nd, $2,000,000 each;
33rd
Tenders Wanted—H, E. Hager,
City Secretary, reports that he
a
receive $10,000 a
and
of $8,000 a year from this source. year from a levy on local power
and gas company sales. Yakima,
Under a new state law, Northfield
and St. Louis Park, Minn., finance Wash., raised the occupation tax
on
telephone and electric com¬
their refuse collection expendi¬
panies to increase city revenue by
tures by charging garbage collec¬
about
$10,000 a year; Wichita,
tion fees for properties served on
Kan., increased by $216,000 the
a special assessment basis.
franchise taxes to be paid the
Sewer rental fees were adopted
at'Hillsboro, Mascoutah, Morrison city by public utilities; and Pasa¬
dena, Cal., received $30,000 from
and
Norris City, 111.; Chiiderstaxes on gross income of the tele¬
burg, Grove Hill and Sulligent,
phone company in 1943, $30,000
Ala.; Mount Lebanon, Pa.
(for from taxes on the gas utility and
war
housing
only);
Lakeland,
$5,000 from a 1% tax on the local
Fla.; Seminole, Okla.; Concord,
notes, dated May
i
will
in
Los
12,431,000
:
.
dated May 10,
and due Feb. 6, 1945.
1944
interest thereon
and
Ind., 5th
Wayne,
notes,
series
premiums
redemption
required
Fort
324,000
Funds for payment
and payment of the
1959.
to
29, 1945.
due May
1939. Denom.
of said bonds
Wis., 3rd series
dated May 10, 1944 and
655,000 Superior,
a
Portland, Ore., raised all
Significant developments-in the year.
dated May 10, 1944 and due
municipal revenue field included its $6 and $10 occupational taxes
Feb. 27, 1945.
adoption of admission taxes, more to $12, and Fort Myers, Fla.,
486,000 Scranton, Pa., 3rd series extended use of garbage collection levied a tax of one-half of 1% on'
notes, dated May 10, 1944 and charges and sewer rentals and an gross receipts of every business
due Feb. 6, 1945.
attempt to tax gross receipts or and service in the city. Half the
999,000 Bethlehem, Pa., 3rd series excess profits by private utilities. revenue will be used to reduce
ad valorem taxes, the rest for a
notes, dated May 31, 1944 and
Municipalities of Alabama, Ar¬
due Aug. 28, 1945.
post-war planning sinking fund.
kansas,
Kansas,
Oregon, South
Dearborn,
Detroit and Hazel
417,000 Burlington, N. J. 3rd ser¬ Carolina and
Washington, also,
ies notes, dated May 10, 1944
Park, Mich., levied a 20% excise
were granted new or larger shares
tax on gross revenue of local gas
and due May 8, 1945.
of
state-collected
revenues
by
and electric utilities.
If this ac¬
13,531,000 Baltimore, Md., notes, their
legislatures, according to a
tion is held legal, it is believed
dated May 10, 1944 and due
survey
of new sources of local
many
other
communities will
Aug. 7, 1945, as follows: $531,- revenues
by the International City
000 56th series; 57th and 58th,
adopt similar measures.
Kansas
Managers Association.
City's increased occupational li¬
$1,000,000 each; 59th, $2,000,Cities adopting refuse collection cense fees on local gas, electric,
000; 60th, 61st and 62nd series,
service charges in 1943 include
telephone and street railway utili¬
$3,000,000 each.
Garden City, Kan.; Crown Point, ties totalled $1,086,050 last year.
1,978,000 Wilmington, Del., notes
Ind.; Columbus, Portsmouth and Springfield,
dated May 10, 1944 and due
Mo.,
imposed 5%
May 29,1945, as follows: $478,- Youngstown, O.; Iron wood and gross receipts license tax on local
Sault Ste. Marie, Mich.; Cham- utilities estimated to bring in a
000 7th series, $500,000
8th
series and $1,000,000 9th ser¬ bersburg, Pa.; Compton and Tu¬ revenue of $102,500.
Maplewood,
lare, Cal.; Stillwater, Okla.; Stev¬ Mo., levied a 2% franchise license
ies.
ens
Point,
Wis.;
Glencoe, 111.; tax on the local electric company,
584,000 Selma, Ala., 4th series
notes, dated May 10, 1944 and eight Washington cities, includ¬ and Cape Girardeau, Mo., receives
ing Vancouver, and four Texas $3,600 annually from a new 20due May 29, 1945.
year railroad franchise.
• <
325,000 Augusta, Ga., 5th series cities, including Fort Worth.
able
the total value
on
the road-user rev¬
in excess of $11,000,000 per
and in Oregon
enues
will be shared with
governments as a result of
legislative action.
year
Cities
in
Wasmngton
local
1943
above, withdrew
tax ' field
tioned
amusement
cities
to
taxes.
approximately
of
$300,000
annually
from motor
license fees on the basis
cities
vehicle
from the
allowing
local amusement
South Carolina allocated
adopt
and
population
towns
with
a
limit
of
$10,000 to each municipality.
State, Local Governments In¬
vest
Surpluses
in
War
Bonds
—State
and
lpcal governments
have invested niore than two and
(Province of)
Ontario
Sale Details
Bond
—
In connec¬
sale of the $10,000,000 refunding bonds to a syndicate
headed by Wood, Gundy & Co.,
of Toronto, report of which ap¬
tion with the
peared in our issue of Sept. 6,
1943, G. J. L. James, Assistant
Deputy Provincial Treasurer, re¬
ports that the bonds were sold as
follows:
1%%
$4,000,000
were
granted $2,000,000 from the State's
general fund; one-half of which
was distributed in
1943 and onehalf in 1944. Washington, as men¬
to
ONTARIO
property
refunding bonds
99.70, a basis
1.87%. Dated Sept.
at
of
about
15, 1943,
$1,000,000 on Sept. 15 in
Due
1944
to
1947.
6,000,000 3% refunding bonds at
99.00, a basis of about 3.10%.
Dated Sept. 15, 1943. Due on
Sept. 15, 1955;
redeemable on
Sept. 15, 1952.
Denomination
$1,000.
Legality
approved by Daly, Hamilton &
Thistle, of Toronto. Interest pay¬
able M-S.
~
QUEBEC
Montreal, Que.
on Refunding Plan —*
Holders of Montreal bonds will
of dollars in soon be advised to attend a meet¬
war bonds and other Federal se¬
ing in that city on May 30 (or
curities since the start of the war,
send proxies), to approve the re¬
the Council of State Governments
cent financing arrangement. Fol¬
co|(^ vpppnflxr
lowing the meeting, providing the
As
of March 3, $2,282,000,000
deal is approved, the city will be
(B) in bonds and securities have
formally removed from the super¬
been bought by State and local
vision of the Provincial Municipal
participa¬ Commission. Detailed report on
San
Antonio
levied a street governments through
Charges for this service usually
notes, dated May 10, 1944 and
tion in the four War Loan drives
due Aug. 28, 1945.
range from 50 cents to $1 a month rental
qharge for local transit
the provisions of the refunding
to date.
585,000 Pensacola, Fla., 5th series for homes in residential areas. buses, and Denison, Tex., imposed
operation appeared in v. 159, p.
Funds used to make the pur¬
a 2%
charges
30
cents
a
gross revenue tax on utili¬
notes, dated May 10, 1944 and Stillwater
1290.
include. agencies,
trust,
month for residences which brings ties from which a yearly income chases
due
a
quarter
Hearing
billions
.
..
Aug. 7, 1945.
..
@FedFRASER