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SUS. ADM.
184S;
1 1
r>?\\
WBRARY
MO N D A Y
Reg. U. S. Pat. Office
New
Number 4793
169
Volume
General
RAILROAD
Acme Steel Co.—Plans 2-for-l
stockholders
Th
ized
April
on
stock
common
two-for-one split-up.-—V.
a
shares.--V.
169,
25
the
'''
The
Page
'•
'
New York
Stock
Exchange (Stocks)
Stock
Exchange
(Bonds)---
New York Curb Exchange
Power
*'
to
1948
additional
of
the
shares in
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
In Canadian Dollars
'
$
«•
V-*—
Sales
of
'Cost
J1947
1948
•
San Francisco Stock Exchange—
$
-
Montreal
sales, incl. selling, general and admin¬
'
istrative expenses
Stock
Exchange
—
Montreal Curb Exchange-—
156,558,656 116,020,289
*
—
-t»•
Interest, etc.
Gain
investments
from
956,383
993,790
equipment—™—_
surplus
of
income
-..i
.
98,530
profit
i—
Interest on
indebtedness not
—
53,543,754
maturing "within
*
one
year
—:
149,896
4,632,992
Provision for foreign
income taxes
—
Write-down of patents to nominal value of $1
Purchase of past service retirement annuities-Amortization of financing expenses of subs.—
>
Reserved
Profit
before
divs.
:
Dividends
Minority
Co., Ltd.
The
Corporation
n
.
.
Profit carried
Dividends
on
to
earned surplus,.™.
9,863,432
common
share
16,024,291
7,444,100
$7.34
$4.30
27,329,642
'
stock
common
tEarnir.gs per
:
:
fees
amounted
(parent 'and
to
directors'
$71,475,
consolidated
fees
subsidiaries)
SHEET
DEC.
1948
31,
in
banks
and
j
'
which
is
in
on
not
excess
of
$769,996;
cluding
this
44
*•
loans,
$5,528,106;
Aluminum
payable
reserves
Co.
of
and
for
accrued
Income
liabilities,
and
It
and $24,939,000 series B, payable in U. S. currency),
000: ,/v*-7nlnum
Co.
tractual obligation
of
Canada,
for annual
Ltd.
second
payments,
hypothec,
which
be
may
$33,003,-
securing
commuted
con¬
for,
$11,639,553;
Aluminum Co, of Canada, Ltd. 3% redeemable notes, due
(payable to the British Government), $54,968,185; Saguenay Power
Ltd. first mortgage 3% sinking fund bonds, due 1971, payabble
1961
Co.,
U.
in
S.
currency, $23,200,000; Saguenay Power Co., Ltd. 2% serial
debentures, due 1950/1952, $2,700,000; Northern Aluminium Co., Ltd.
3%% debentures, due 1957/19G1 (£1,250,000), $5,025,000; other indebted¬
due within one year, $5,506,583; Aluminum Co. of Canada.
preferred shares, $14,137,600; Saguenay Power Co., Ltd. 4»/4%
preferred shares, $4,566,000; reserves for amortization, depreciation and
not
ness
4%
Ltd.
depletion of lands, plants and facilities, $252,041,188"; operating reserves
and deferred credits, $2,174,681; minority interest in Saguenay Power
Co., Ltd., $1,694,461; capital stock of no par value (3,722,050 shares
outstanding), $33,935,185; capital
$88,685,949; total, $586,617,554.
surplus,
$1,210,664;
earned
with
Gulf
Mexico.
Coast
It
side
includes
is
the
all
Improve Air Cargo Oper¬
introduce scheduled"
has
raised
the company has
carrier,
acting
been
special
as
projects
According to terms of the new directors he is
directly
with operations
and
in the;
sales officials
special assignment.
of this
the
the
Government
Mexican
stated,
interest
proceeds
from
wells
the 25-year
performed, risks
represents
the
first
and
of the
operation.—V.
cargo
169,
for
of
all
50%
drilled
life
the
of
costs
of
by
and
the
them.
expenses approved
oil, gas and hydrocar¬
addition, they will
In
contract
compensation
as
Time High Since
•
(about
Oil
Co.,
has
$1,000,090).
who
will
''
•
*■
Its
t
serve
been capitalized initially at 7,000,000
officers and 'directors, in addition to
as
■:
m
Hearing
Registration Statement—
The
SEC
on
April 6 announced a* hearing for April 19 to decide
whether to stop the proposed sale of this
company's common stock.
The SEC charges there is "reasonable cause to
believe that (the
company's) registration statement includes untrue statements of mate¬
rial
facts
and
omits
to
state
material
facts.
..."
The
company, an Oklahoma City firm, filed a
1949, for the public offering through Telller
writer, of 5,000,000 shares of 1 cent jpar common.
a
-
registration March
17,
Under
&
Co.,
an
under¬
the
proposed offering, each purchaser of stock would receive
paid-up life insurance policy from Standard Life & Accident Insur¬
Co. of Oklahoma
City, in an equal dollar amount to the stated
price of the total number of shares bought by each shareholder.
1441.
p.
April 6.
of
plants
During the
3,133 railroad cars,
domestic
freight
passenger
cars
April,
—V.
1930,
p.
NEW
month of
methods and continuous mod-,
fruit,
March,
this
1949
announced
company
on
it produced no less than
all-time high for any single railroad equipment
the
cars,
1930.
year
85
was
all-time
a
The
ance
SEC
the
Of
for
were
record,
insurance
insurance
export
total,
units
2,995
and
purposes,
53
were
were
also
established
by
this
company
in
total of 3,264 railroad cars of various descriptions.
1.
What
adviser
and
which
the
the
a
stock
sale
with
life
a
insur¬
state
laws
which
require
preferred
been
shares
shares,
restored
without
nominal
outstanding.
to
or
par
value
Simultaneously, the
previously appropriated from
earned
of
par
Priced to Yield
Corp.,
receive from
will
American
the
Oil's
company
management
is
among
American Power &
Light Co.—Weekly Input—
earned
surplus,
919,000
—V.
kwh.,
8.32%,
or
over
the
169, p. 1441.
corresponding
>
have
prepared
a
memorandum
week
of
last
»•".
on
Anheuser-Busch, Inc.
Copy
upon request.
Edward D. Jones & Co.
on
Established 1871
Request
300 North 4th St., St. Louis 2, Missouri
*
Members
has
cAllen
surplus.
Consolidated profit for the year 1948 includes net income of
$5,502,040
of consolidated non-Canadian subsidiaries; net dividends
paid by that
Available
&
Compan y
-
group
—V.
to
their Canadian parent during the year aggregated $2,449,506.
163, p. 541.
.
-
New York Stock Exchange
St.
.
0
—
80 BROAD STREET
Telephone: HAnover 2-2600
NEW YORK
Bell
Teletype: NY
Louis Stock
Chicago Stock Exch.
4, N. Y.
1-573
-
For the week ended March
31, 1949, the System inputs of subsidiaries
of this company amounted to 246,355,000
kwh., an increase of 18,-
Due 1952-1978
which 3,722,050
value of the 6%
other
investigate.
the
company's registration statement mis¬
leading or untrue, it could stop the sale of the stock.—V. 169, p. 1217.
FLA.
3.25%-4%
that
alone.
Oil
Commission
We
Circulars
will
under
merits
its
finds
of
The Commission also questions whether
offered
on
Deardorf
affiliate,
ISSUE
FERNANDINA PORT AUTHORITY,
combination
be
sold
Commission
$975,000
surplus,
could
be
benefits
matters
If
this
asserts
offering is "misleading."
life
■
for domestic service.
previous
169,
,
bearing
are
Ail-
the
1930—
an
since
manufacturer
The
Co.—Production Hits
and accelerated production
Improved
ernization
Foundry
&
of
and
for
and
run
4% Toll Road Revenue Bonds
issued
of
,
Car
Supplementary Letters Patent dated March 24, 1943,
the authorized capital stock was reduced by the cancellation of the
6% preferred shares, called for redemption in 1946, and each common
share was subdivided into five shares, resulting in authorized capital
5,000,000
the
entrance
production,
gross
Independent
Davies,
On
-
to improve the handling, dispatching,;
company's intention
procedures
NOTES—By
are
of
both
already commenced under
Pemex.
between
Davies
the
on
has
ance
taxes,
Ltd.,
first mortgage 3'/2%
'-sinking fund bonds, due 1974 ($13,064,000 series A, payable in Canadian
currency
air cargo
Culbert
Mr.
work
and
$24,745,878;
profits
excess
Canada,
"Work
Oil
Co.
of Long
Beach, Calif.; Phillips Petroleum Co. of
Bartlesville, Okla.; Signal Oil & Gas Co. of Los Angeles,. Calif.; and
the Sunray Oil Co. of Tulsa, Okla.—V.
166, p. 849.
,
LIABILITIES—Accounts
r***-
largest
company.
to
American
$16,855,521;
.
the
time,
development
total, $586,617,554.
bank
and
some
authorized
$10,338,852;
$3,405,331,
lies
in Southeastern
American Oil Explorers, Inc.—SEC Schedules
officer in the
subsidiaries, more than
50%
owned, $4,669,775; other allied companies, not. more than 50%
owned, $9,133,625; less reserves of $7,500,000), $16,642,252; land, plants,
riparian rights, and
facilities
(at cost), $423,608,887; patents, $1;
of
A.
The American Independent Oil Company is itself
composed of
10
Independent American oil operators who in 1947 joined forces to enter
the
international
field.
They are J.
S.
Abercrombie, of Houston,
Texas; Ashland Oil & Refining Co. of Ashland, Ky.; Ralph K. Davies
of San Francisco,
Calif.; Deep Rock Oil Co. of Chicago, 111.; Globe
Oil & Refining Co. and Lario Oil & Gas
Co., both of Wichita, Kan.;
phase of its service to major departmental level.
For
$3,311,424; indemnity, surety and other deposits,
investments (fully owned subsidiaries not consolidated, in¬
advances
into
Mr.
without
Ickes.
corporation has named Vice-President Amos Culbert to stream¬
airfreight
(at cost or under,
market,
of subsidiaries,
penses
S.
President and a director,
will be:
N. P. Isenberger, Vice-President, presently Vice-President of American
Independent; Chandler Ide, Secretary and Treasurer; and Raymond W.'
44
line its air cargo operations. As the first carrier to
determined from book and physical
inventories, certified by officers of the companies), $53,087,511; prepaid
expense and deferred
charges, $7,321,320; unamortized financing ex¬
-
Mexico,
de
developed
during
work
Mr.
ations—
This
materials and supplies
inventories of aluminium,
/
(Calif.)—Forms Mexi¬
Hancock
hand, $23,293,538;-.marketable secu¬
rities, principally Dominion of Canada bonds (quoted value $32,431,698),
$32,143,183; accounts and notes receivable (less reserves), $26,439,442;
I
169,
oil
of
out
produced
ican
1948.
(In Canadian Dollars)
ASSETS—Cash
reimbursed
pesos
44
American Airlines, Inc.—To
BALANCE
subsidiaries.—V.
technical assistance, the value of
ranging from 15% from oil produced
from the uplands to 18'A %
from production from submerged lands.
The new Mexican company, ► which is
wholly owned by the Amer¬
tOn
outstanding after 5-for-l split-up in March,
^Including corporation and fully owned subsidiary companies.
CONSOLIDATED
American
receive
executive salaries
the basis of
$13,401,
$1,159,364.
shares
Cuban
Oil Co.
uplands.
entered
group,"
Pemex
the
44
Auction Sales
be
and
arrangement
percentages of
-44
Federal Reserve System
Power's
enterprise into Mexican exploration and develop¬
ment since the expropriation of foreign oil properties
by the Mexican
Government in March, 1038—11 years ago."
The agreement with Pemex provides that the American
group will
Condition Statement of Member Banks of
'Provision fcr depreciation and depletion for the year amounted to
$8,626,037 of which $6,274,500 was charged to cost of production. Legal
3,722,050
North
—43
Reserve Banks
to
area
contracts
"This
51
Dividends Declared and Payable
123,675
_
initial
American
Investmnet News-Cover
Foregin Exchange Rates
Combined Condition Statement of Federal
of that
securities
month, in conformity with Mexican law, by Senator Antonio
Director General of Petroleos Mexlcanos (Pemex), the
Government oil monopoly, and a group of American inde¬
operators including American Independent."
be
The Course of Bank Clearings
588,128
other
of
Foreign
Independent Oil Co.
by
State and City Bond Offerings
16,612,419
769,013
with
transactions is to provide Foreign Power
receiving needed cash and to facilitate
the
means
of
Isthmus of Tehuantepec
the
Redemption Calls and Sinking Fund Notices—'44
28,222,330
—
—
——
■_*
4,142,445
of
purpose
submerged lands
■
_.
last
the
Miscellaneous Features
shares and provi-
pfd.
on
K
together
development of Mexico's petroleum resources, Ralph K.
President, announced on April 5 the formation in Mexico of
pendent
.
i
General
182,323
preferred shares
interest in profit of Saguenay, Power
on
..
-
than
Foreign Power will receive such
aid in the
bons
—_
sion for minority interest
^
^
for, investments
•
.
10,559,202
4,954,152
357,057
822,594
,•
133,182
14,745,237
„
.
,
3,255,269
4,110,165
—
—
,
Other interest
Provision for Canadian income taxes
obtaining commit¬
$20,000,000 first
Power
less
not
Bermudez,
24
,
of
.
Mexican
Bon(l Averages (Dow, Jones).-—^.33
National Quotation Industrial Stock Average .33
:
/;
/,
•;
■-.&\
39,335,509
subsidiary,
expeditious
American
into
J.
Stock and
Total
it
according to Mr. Davies, "will assume
Independent's responsibilities for exploratory geological and
geophysical work and development drilling under contracts entered
24
Transactions New York Curb Exchange..
2,261
holdings
"This new Mexican company,"
__-_42
Transactions New York Stock Exchange
731,093
r
latter's
the
American
Stock Exchange—Curb Section..—_41
Over-thc-Counter Markets
1,034,306
-
——™.
Stock
Toronto
36,611,466
365,022
_
;
_
disposal
on
Other
52,086,412
—
—
Foreign
upon
from
Cuban Electric Co.
Cuban
for
20-year debenture bonds, series
Unit—
To
the
_39
Exchange.
Toronto
Profit from operations-,-..-.™-..—....—
Income
purchase
6%
in exchange for its Cuban debentures plus those of bond and
stated
Davies,
36
-36
37
38
38
St. Louis Stock Exchange—
the
an
can
35
Angeles Stock Exchange
upon the proposal of
promissory note to its parent,
exchange
,
American Independent
35
..
208,645,068 153,431,755
—
in
Co.,
1329.
,--35
Pittsburgh Stock Exchange
the
reorganization
p.
Philadelphia-Baltimore Stock Exchange. __—36
'
■
Exchange
Los
The
with
the
___34
34
.
Stock Exchange
Detroit
Simultvneously, reserves for amortization, depreciation and depletion
are carried for the first time on the liability side of the balance sheet.
;
Stock
Cleveland
*
time.
Exchange
April
share.
-34
Cincinnati Stock
of
company,
_29
Exchange
Stock Exchange
Chicago
companies^ is consolidated in the Aluminium Ltd. statements
first
Stock
Boston
Saguenay
of
of
the
for
in
Ltd., bringing Aluminum Ltd.'s interest in this enterprise
the outstanding common shares, the Saguenay Power
Co.,
93.6%
group
t
acquisition
bonds
25
York
for
mortgage bonds of
13
New
169, p. 597.
Co., Inc.—Hearing
hearing for April 25
a
Share
1, 1948.
transfer is contingent
ments
Aluminium Ltd., Montreal, Canada—Annual Report—
the
and
due May
A,
Quotations
;7:V
Aeronautical Securities, Inc.—Registers With SEC—
company lias -filed
a
registration statement with the SEC
With
scheduled
Bond
of $19,500,000 of Cuban Electric Co.
Stock and Bond
The
covering 200,000 shares of its common stock.—V.
Foreign Power
to issue a $19,500,000 6%
company
Electric
. :.
(
&
Exchange Proposal—
on
The SEC has
In This Issue
797.
MISCELLANEOUS
-
American
Split-Up—
169, p. 697.
p.
INSURANCE
-
shares to
Admiral Corp.—To Increase Capital Stock—
The stockholders on April 14 will consider increasing the authorized
capital stock, par $1, from
1,000,000 shares
(all outstanding)
to
1,200,000
INDUSTRIAL
-
consider increasing the author¬
3,000,000 shares, to effect
will
19
1,500,000
from
Copy
a
Corporation and Investment News
PUBLIC UTILITY
-
Price 75 Cents
York, N. Y., Monday, April 11, 1949
New
York
Curb
Exchange
Chicago Bd. of Trade
Exchange
Associate
Phone
CEntral
7600
Bell Teletype
SL
593
year.
2
Vice-President
of service.—V. 169, p. 598.
S.
years
after
retired,
has
1930,
since
Moore,
April
company
Mflfch*
of
The
*
significant milestone in
improvement program
is a
gain
postwar
in
10,000.000-mark
System's biggest expansion and service
Bell
the
April
en
fact that telephones are being added at the
rate
of
some
200,000 a
month, the continuing heavy demand for
service is
such that more
than 1,000,000 orders still remain to be
in
only
Day,
has
the
About
averaged
all
of
telephones has nearly doubled.
as compared
with 25%
of farm homes with
proportion
1940.—V.
farms
169,
telephones,
have
now
in
First
15.
in cash on Oct.
slated
that
—V.
169, p. 486.
Investing Co., Utica, N. Y.,
bonds at par.
•
stockholders
The
will
12
the
employees;
Boutillier,
meeting
annual
their
at
April
on
voted
6
over¬
the two proposals submitted by the manage¬
substantial reduction in the rate of officers'
under Article XII of the company's by-laws;
the other, a retirement and disability plan for all employees.
Two proposals submitted
at the request of a few individual stock¬
holders were decisively defeated.
One of these would have put an
whelmingly
in
ment—one,
a
incentive
favor
of
voluntary
compensation
The other
arbitary limit on officers' compensation.
to Article XII, voluntarily proposed by the officers,
substantially the share of these officers in that part of the
profits available
for
incentive compensation.
Under
the
XII, as earnings exceeded certain speci¬
fied amounts, the President and Vice-Presidents were paid a percentage
of- profits beginning at 10%
and running down to 5%.
Under the
amendment adopted April 6 incentive compensation will be computed
operation of Article
previous
at
uniform rate of 5%,
a
this
made
saving
a
the cost of
cover
further
and
As applied voluntarily to 1948
savings
from
Period End. Mar. 31—
Sales
1949—Month—1948
$779,516
—,——
—V.
$1,256,445
$793,461
from
from
Net
ry.
1948
1947
1946
$695,115
$635,171
$467,560
116,851
144,048
85,743
37,946
62,232
35,577
From Jan.
Gross
from
Net
from
Net
ry.
—V.
58,181
income—
,
\
1—
railway-
railway-
1,345,024
1,237,284
262,920
204,327
256,959
59,075
112,582
115,923
income
oper.
■!
1,359,880
.
936,013
159,646
68,626
169, p. 1105.
i
'
H
Appalachian Electric Power Co.—To Establish Credit
The
has
company
$18,000,000
of
line
Irving Trust Co.
Trust
Co.
(N.
requested
credit
(N.
authorization
to establish
banks. The lending banks
SEC
with
four
Y.),, Guaranty Trust
Co.
York,
of New
an
are
Bankei'3
Y.), and Mellon National Bank & Trust Co, (Pittsburgh).
The
borrowings would be made from* timd; to time during the period
ending May 1.
1950;
would be equally divided among the named '
banks;
and would be evidenced
Proceeds
would
be
used
by 2%%
interim
a3
notes maturing May
1,
1950.
financing of construction expendi¬
tures.
The
SEC
has
given
hearing.—V. 169,
Associated
Interested
until
persons
April
12
to
request
a
598,
p.
Telephone
Ltd.—Preferred
Co.,
Stock Of¬
April 7, 100,000 shares of
cumulative preferred stock
new
($20 par), 5% 1947 series, at $21.25
share, plus
per
ac¬
in
the
price situation.
present
Its
from
the
sale
will
be
used
by
the
treasury for expenditures made for capital
future
that
additions
major
to
betterments
and
of
its
to
reimburse
and to finance
It is estimated
company
purposes
properties.
additions during the next nine months will total
$15,000,000.
'
<
The company reports net earnings in 1948 were
$1,560,474, equal to
$2.69 a share on 580,312 preferred shares, compared with $1,054,763
in 1947, equal to $2.45 a share oh 430,312 preferred shares.
Operating
gross
168,
ers
and W. C. Buchanan have been elected additional
C. Arnold Kalman
during the year amounted to $14,364,877,
compared
$11,742,925 the year before,—V, 169, p. 1218; V, 163, p. 2110.
<
Atlantic, Gulf & West Indies
SS.
with
2319.
p.
Bulova Watch Co.,
"
'•/'■* '
■•'%*
company
for
9,375
stockholders
holders
of
preferred shares of Cuba Mail.
the
The
AGWI
report
preferred
stated that,
an
with
opportunity
the
to
proposed
exchange
sale
of
be centered in Cuba Mail.—V.
now
shares-,
the parent
pany's Puerto Rican and Dominican Republic interests
operations would
their
and
com¬
April
failed
4
to
1949.—V. 168,
169, p.
1330.
i
Atlas Corp.—Reduction in Capitalization Authorized—
'
The
stockholders
cn
April
the
of
the
corporation by retiring
treasury.-
The
corporation
authorized
6
38,967
announced
that
a
reduction
shares of
there
in
common
had
been
changes in inventories since the first of the year.—V.
the
capital-
stock
held
in
substantial;
no
169, p.
1330.
though
recently
addition
Haskell
E.
placed
to
in
being
company.—V.
has
been
elected
a
-
Vice-President.
He
-
was
charge of all butter manufacturing operations in
in charge of cream procurement
for the entire-
169, p.
106..
of
the
dividends are
The
.
breach
of
contract
quarterly
against
this
that
Without
the
case
be
dismissed
at
the
instance
of
the
plaintiff
prejudice.
stock
is
making this proposal for dismissal, Mr, Rice agreed that the costs
be paid by Empire Air Lines.
On behalf of Beech
Aircraft, Daniel M. Moyer, an Attorney stipulated that the defendant
would not object to the dismissal
by the plaintiff, without prejudice,,
providing the plaintiff would pay the costs of the action.
the lawsuit would
-The
lawsuit
was
filed
against
Beech
Aircraft
*n June °*
Corp.* by
1947, claiming damages in the
interest on part of that total.
753.25, with 6%
Empire Air Lines, never a C. A.
operating as an airline in December
York state operation in
November
of
B.
of
certificated
1946, having
1945.
the
amount
of
New
1959,
share of
each
new
adjustment.
}'
•
air
line,
ceased
declin¬
it
ask
for
diesel
for- a
paid on
line
stcck.
being made
to
service
$30,000,000
rolling
new
power
River
that
dividends
that
stock.
decreased
New
with
capital
appropriation
Attention
this
England.
important
to
Mont-
locomotives
being. antici¬
economies
also include .prenb^one, lor
the
on
diesel
23
drawn
is
summer
10 diesel switch¬
cars.
'
trotpinjt
company's
air
in
$584,266
lines
had
reduced
were
lo$s
net
a
Operating
1947.
expenses
$193,€45
of
increased
revenues
by
compareti
a$
2.9%
by
and
64%.
report shows
a
No
for
exploration.
decision
has
agent, Bank of America National; Trust & Savings
tion, San Francisco, Calif.
Registrar, Central Bank, Oakland,
/
been, reached as yet by the Board of Transport
on application
of the Canadian railways for
fr'eight rate increase to offset some of these costs. The
however,
/
is
expected
shortly.
,
;
j
INCOME ACCOUNT FOR CALENDAR YEARS
7
1948
/•
Freight
1947
■
1946
S
S
287448.260 250,893,574
Express
Associa¬
38,273,299
1945
18,169,407
15,883,954
.
S
'
218,550,608 227,707,486
40,322,874
4,312,952
7,345:784
—--
miscellaneous
and
car
45,380,645
56,854,297
4,175,758
4,173,769
4,040,780
7,309,759
7,103,863
7,374,237
17.286,943
20,132,558
Calif.
Total gross earnings- 355,249,702 318,585,919 292,495,828 316,109,358
Operating expenses:
Transportation;
154,068,982 133,952,979 117,897,963 114,725,361
Maint. of way, etc._„_
68,366,870
54,776,657
50,492,658
55,602,527
Maint. of equipment72,520,498
62,285,265
62,552,681
59,198,942
Traffic
7,760,322
—
Miscellaneous operations
Railway
Hire
Jt.
PRIVATELY—Company presently contemplates that
approximately $600,000 of a new series of
Company estimates that the net
proceeds from the sale of the new preferred stock, plus funds to be
obtained from the proposed sale of such bonds, and funds arising from
internal sources, will be sufficient to finance the cost of the company's
of
7,073,114
7,620,076
tax
(net)
4,855,761
8,578,037
16,172,935
12,900,540
16,877,264
21,933,197
11,807,460
1,552,032
1
(net)-
rents
14.207,796
8,024,445
accruals
equipment
facility
6,405,678
7,879,733
7,224,984
15,841,608
General
'
<•
decision,
Mail
(estimated $915,495) will be used to pay
off and discharge in full short-term bank indebtedness, and the balance
will be added to treasury funds and will be used to pay in part the
costs of the company's expansion program how in progress.
The company's
expansion program has been temporarily financed
in part by short-term borrowings under a, $700,000 line of credit from
Bank of" America National Trust & Savings Association.
The shortterm bank loans now aggregate $400,000 and may be increased to not
to exceed $700,000
prior to the delivery and' payment of the shares
now
offered and the net proceeds of the new preferred stock will be
applie'd to the repayment ill full of such bank loans irrespective of
«
further 20%
Passenger
PURPOSE—The net proceeds
amount.1
a
Sleeping, parlor & dining
1,075,703
TO SELL BONDS
first
Net
construction
requirements
The extent to
of the
which
through
needed
will be
to
Fixed
the cost
finance
company's construction and expansion program in
18,419,166
22,892,189
20,843,050
36,054,334
.24,864,949
24,788,927
22,779,794
15,106,957
43,284,115
47,681,116
43,622,844
51,161,291
15,890,264
15,787,174
18,488,113
19,547,129
27,393,351
—
income
charges
.
'
1950 and 1951
needed
Net
and "when additional funds are
be determined but if
cannot now
Total
1949.
further funds
earnings
Other income
mortgage bonds late in 1949.
income
4,557,682
31,893,942
4,557,682
25,134,731
4,557,682
31,614,162
dividends—
ordinary stock
16,750,000
16,750,000
16,750,000'
16,750,00C
Preference
the company will obtain them
of any borrowings, the sale of
from its own resources, from the proceeds,,
additional securities, or other appropriate b
means, although no definite additional financing by the company is now
contemplated for its 1950 and 1951 construction program.
Divs.
on
EFFECT
GIVING
First
-
PRESENT
TO
FINANCING
OTHER
INCOME
FOR
CALENDAR
Net
mortgage bonds:
Series
' *
'
\
Series B, 3V*%', due Aug. 1, 1971—*
: Series
C, 2Vi
due July 1, 1978
■
;
Cumul. pfd. stock
(par $20), issuable
in two or* more series
:
160,000 shs.'
$1,830,000
1,670;000
,750,000
1969-—_
,
series'
stock,
$20)
1946
1945
$8,563,152
$4,768,055
■?.
4,027,041
7,463,516
5,942,060
upon
conversion
of the new
!
3,800,347
,4,202,264
'2,062,965
2,550,862
2,333,877
at
>
*,
-
.
\
-
company
electric,
various
parts
wholesale
butane-propane-air
to
gas
and
in La
public
propane
distributors in
tank ga's in Southern
Grande,, Ore.
Total
opeT.
;
Taxes,
other
eral
than
income
Federal
amort.
$3,072,117
$2,214,521
1,798,890
1,298,015
162,211
256,025
227,746
*
other
325,000
1948
49,950,819
(cost)
controlled prop., etc.—
204,087,782
204,108,946
204,550,481
Acquired
to
securities
payments
collectible
Mortgages
to
Steamship
192,315
95,733
$426,046
$327,105
$221,390
income
$436,206
(net)—.*..
89,105
108,483
55,209
.
operating
income
r
18.570J
income
Interest, etc., deductions
$525,311
133,100
$534,529
.
122,564
$382,314
131,525
$239,960
1,293,295
1,360,672
11,789,329
46,805,482!
30,504.810
12,483,756
34,645,823
39,275,550
other props,_
tr. deposit-
16,698,580
fund_'_
13,423,071
14,041,912
25,350,000
27,60"0~66o
25,200,000'
adv.-
80,055
238,296
bonds—
3,240,099
3,781,185
4,556,321^"
26,290,000
31,667,000
31,861,000'
962,909
fund
.
paid in
discount
on
securities—
of
unadjusted debits
and
supplies
5,614,623
1,235,255
1,217,424
Materials
49,486,147
conductors' bals._
Miscel. accounts receivable
14,380,154
36,712,903
14,741,396
20.209,438
Cash
35,145,313
Agents'
1,346,430
12,460,156
47,039,979
replacement
Canada
6,013,140113,501,905
13,188,540
Dom.
/
10,782,049
46,994,057
Other
Net
Other
7,236,035
ad¬
investments—,
Unsold lands and
Unamort.
.
9,077,867
and
investments
prem.
107,956,776*
8,857,539
settlers———— b
fund
Maintenance
105,642
105,533,177*
54,545,167
109,34?
106,855
953,374,522
59,418,471
on
coastal
163,737
179,368
978,391,565
114,304,439
and
Insurance
264,909
$
leased prop.
steamships.
Improvements
Ocean
Miscellaneous
1
lSlo"
f' 1947
$
rolling stk., inland steam¬
ships, hotel, communication
and miscellaneous properties 1,016,617,517
and
—
247,983
34,987,234
12,80O,2727
17,968,071
14*023,405
42,644,686
v
46,009,174
R23
1 622 445.668
65-573
New
$392,211.
$411,965
$250,789' i1
1
$174,387
!
Ry.,
Insurance
$1;495,120 1
833,101 i
•
($2,-
DEC. 31
$
Unexpended equip,
186,413
'V
"
$24,788,927 $22,779,794= $15,106,957
ASSETS—
>
301,357
.
2,414,124
887,874
income^ $27,189,949
118,785
income
'
,
&
deducting provision for'inccme taxes on other income
in 1948).
/
.!
'
150,563
Fed___
taxes on
$3,057,312
•
1945
1946
208,961
s
Maintenance
com-
"■Before
vances
1
FOR CALENDAR YEARS
2,268,350
revenues—
Operation
."•Total
Deferred
'•»
1947
2,731,936
—
from
hotels
miscellaneous—-
Adv.
utility
1948
1
'?
;
is principally an operating, public utility engaged in.
butane-propane-air ga's, water and telephone businessof California, Oregon, Nevada, Idaho and Wyoming.
The company is also; engaged in the non-utility business of supplying-
the
in
-
4.—:—
COMPARATIVE BALANCE SHEET,
HISTORY. AND BUSINESS—Company- was incorporated in California
7; 1928 under the name Southern Oregon Gas "Corp., which was '
changed in 1938 to. Califtfrrvia-Pacifio Utilities Co. ^ Company has no ■
subsidiaries.
steamship
.■
*
•
May
no
ocean
coastal
munications,
50,000 shs.;
None"
„
3,763,670
misc.-
77,500 shs.
50,000 shs.
preferred stock.'
&
Net earnings
71,750 shs.
separately
from
earns,
&
"■Unlimited as to amount but issuance limited by restrictions of first;
mortgage indenture dated as of July 1, 1944 between the company and"
Bank of America-National Trust'and Savihgs Association and William
Q. Koenig,; trustee, as- supplemented. • -(Including shares reserved for >
issue
Net
inter¬
from
props.
lines
-t200,000 shsr
r'—■--r
"
»
100,000 shs.
r___10,000 shs.
(par
oper.
vLLi---'
_
preferred Stock (initial series)
5V2V0
convertible preferred stocks
5%
Common
income
est, exchg.,
A, 3%#, due July 1,
YEARS
1947
$19,806,469 $14,547,415
Dividends
Outstanding
Authorized
5,031,500
~
-1948
CAPITALIZATION
$848,-
their
the
<g
V••
Transfer
Gross
begun
recorded,
ever
'
share for
subject to
at an initial basis of 65/100 of one common
preferred stock.
Such conversion basis is
April 1,
Depreciation and
In
of
of
freight
payable
June,, September and Dec, 15.
Th6, new preferred
convertible 'intb common shares of the compafly, on or oefore
cor¬
poration ended abruptly on March 31 when Carl Rice, an
Attorney, on
behalf of Empire Air Lines,
Inc., proposed to the U. S. Federal District
Court
lowest
$1,068,411, hotels $723,075
$1,034,667 compared with the previous year.
directors
to
for
2,240
reservation
■
March,
SUMMARY OF EARNINGS
suit
the
was
relatively small part of this acreage will yield anything of
value.
The policy of the company has been to encourage
development by making favorable terms to companies willing to under¬
take exploration and drilling.
At the close of the year, 33,088 acres
were
uncfer lease to various oil companies and 9,136,539 acres under
,
1949 and are
March 15,
cumulative from
Centralia-Chehalis, Wash.; and of selling
$848,000
the"
net
in
commercial
Of- (
fered—First California Co., San Francisco, and associates
on
March 30 offered 50,000 shares of 5V2% cumulative
convertible preferred stock at par ($20) and dividends.
Beech Aircraft Corp.—Suit
Dropped—
trial
working
over
Dealing with steamships "the report amlrij>«'te$ that the.service of the Empress of Srotlahd alter her
completed by the spring of 1950..
than-
California-Pacific Utilities Co.—Preferred Shares
Oregon
The
but
$4,000,000
Commissioners for Canada
The
Beatrice Foods Co.—New Vice-President—
Everett
than
more
that the company holds, under varying reserva¬
tions, the title to petroleum rights underlying 11,378,677 acres of land
in the Prairie Provinces.
Though recent discoveries of oil in Alberta
have proved profitable to the
company, it cannot be assumed that more
the plan by a vote of 8,485 to
for, to 16,091 against the
stockholders favored
common
parepts: and
.
possible
steamships
The appropriations
The
management pro-,
a
approve
123, the preferred stockholders voted 24,927
proposal.—V. 169, p. 1222.
Additional
equipment,"
of
report.
increase
rail operations were insufficient for the payment
the ordinary stock and once again it was "other
from
the
order
on
and
operating
Buildings Co.—Stock Split Rejected—
on
.
for
1949
The
The offer expires April 30,
share,
per
-
The
Cuba Mall company
presently has 71,615 shares of commonstock, all owned by the parent company. It is proposed to change this/
capitalization to consist of both common and preferred, and to offer
earnings
gross
$23,000,000
with
posal to split the common stock on a 20-for-l basis. This was subject
to the approval of a two-thirds majority of each class of stock.
Al¬
Plan to Recapitalize Cuba Mail Unit—
ing to the annual report.
decrease
a
the
11.5%
up
13.9%
a
to ^ passenger
Inc., N. Y.—Filing—
March 29 filed a letter of notification with the
shares of common stock (par $5), to be offered em¬
on
2679.
Lines—Developing*
: The management of this company is working out a
recapitalization^
plan for New York & Cuba Mail Steamship Co., its subsidiary, accord-,
in
were
showed
$18,000,000
were
rigidly regulated rates
states
reason,
earnings
1948,
and
duties will be
approximately
revenues
for
hand
one
the
as
gross
communications
switchover
are
Laughlin, Inc.—Two New Directors—
directors.—V.
its
Proceeds
to
net
real-Newpcrt-Wells
it will issue and sell privately
crued dividends.
the
on
other"
resulting
earnings
For
the
.
fered—Paine, Webber, Jackson & Curtis; Stone & Web¬
ster Securities Corp., and Mitchum, Tully & Co. headed
an investment banking group which offered to the
public
of
pated.
The
1949
oper.
competitive
Bigelow retailers
1C9, p. 1443.
Bliss &
p.
131,773
railway
\
1947,
$335,000,000
from
with
$1,264,830
$658,763
railway—.,.
prices by 10% to 20% on certain
These special prices will apply for a
Denebrink stated that the action is designed
Mr.
keep
—V.
that
items
and
carpets.
of
only.
time
Bush Terminal
February—
Net
to
line
woven
limited
ployees at $32
'
the
cn
earnings from
Net
reduced
has
company
its
in
SEC
Ann Arbor RR.—-Earnings—
Gross
this
1218.
169, p.
'
costs
any dividend on
income" which mgde
Denebrink, Vice-President for sales, on April 7 announced
C.
The
1949—2 Mos.—1948
issue of
our
of
1329.
.Angerman Co., Inc.—March Sales Declined 1.8%—
2,000
,
Net
and
terially toward such costs in future years.—V. 169, p.
2,500
Co
—
$355,000,000 while net earnings
were
with
year,
Ratio
per
168, p. 739,
compensation,
$900,000, which is estimated to
disability payments for several years,
the
amendment
should
contribute
ma¬
approximately
of
retirement
&
earnings.
covering
Bigclow-Sanford Carpet Co.—Prices Reduced—
D.
amendment
The
reduces
Lundborg
Irv.ng
V.
voting for directors.
company
3,COO
r
ing to 5.2% in 1948 while rate of return on the net investment in
railway property in 1948 was 1.8% as against 4.38% average rate of
return earned by Class One railrcads in the United
States on a com¬
parable basis.
*
for cumulative
was
2,500
2,500
2,500
of class A ($10 par) common stock, to be offered at
shsffe.
Underwriters are Straus & Blosser; Link, Gorman &
Co.; Sills, Fairman & Harris, Inc.; Holley, Dayton & Gernon; Ames,
Emcrlch & Co., Chicago; Irving J. Rice & Co., Inc., St>Paul, Minn.;
Howard
Labouisse,
Friedrichs & Co., New Orleans, La.; Griffin &
Vaden, Inc., Raleigh, N. C.; and Emanuel, Deetjen & Co., New York.—
$11.25
stockholders
revenues
Compared
previous
letter of notification was filed with the SEC
a
Co.
68th Annual Report—The re¬
Mather, President, covering the opera¬
A.
"uncontrollable
and
shares
25,000
Approved—
The
On March 30
Proposals
Inc.—Management
Co.,
W,
.
expenses,
Tobacco
&
earnings lower than those of any year since 1905 were reported
the company for 1948 despite gross earnings which reached a new
with
B/G Foods, Inc., Chicago, 111.—Filing—
American
Skaggs
V
Gross earnings
plan
adopted for the issuance of common - stock to executive
also approving an employment agreement with Philip LePresident.—V. 169, p. 203.
heretofore
the
2,500
Hurry
Levy & Williams.
Wagenseller & Durst, Inc.Wulff, Hansen & Co
3,000
1222.
peak.
Agreement
cancelling
consider
&> Co,
Iilc.^..
&
Lawson,
5,000
Co.,
p.
Davis,
5,000
.
Co.,
Walter
Net
by
Apiil
on
169,
Bingham,
and
follows:
as
April 7, page 1517, 1518 and 1519.
1330.
Co., Inc.—To Vote on Employment
Best &
13,000
underwriters
are
6,500
California
&
&
several
tions for the calendar year 1948 are
given in
Proceeds* will be used to reduce bank loans and for general corporate
purposes.—V. 169, p.
Co.—_
Slocumb
marks of
.
.
of
the
of
names
purchased by each,
Canadian Pacific Ry.
March
on
$100,000 15-year sinking fund first mortgage
offered
30
be
to
Co.__._
Co.
Strauss
McAndrew
the quarter, ended March 31,
1217.
p.
8.
Brush,
backlog is
1349
company's
the
&
Pacific
J.
shares
California
Sutro
1948,
In
Bennett-Ireland, Inc., Norwich, N. Y.—Bonds Offered
—Mohawk Valley
than
more
have been installed in rural areas, where the net gain
about 1.000 every working day. In the last eight years,
1,000,000
45%
added since V-J
telephones
Bell
10,000 000
the
President,
that gross sales ror
and
approximately $4,600,000.—V.
were
filled.
Of
made, i.e.—$1
was
Beech,
H.
stock distribution.
in addition to a 50%
amount,
payment
one
substantial
Despite the
history.
like
of
Walter
the 3J/2 years since
World War II,
than 10,000,000 tele¬
phones. This compares with the more than 45 years it took the System
to attain its first. 10,000,000 telephones, and brings to
approximately
32,000,000 the total number of Bell telephones in service at the end
6 announced that in
the Bell System has gained more
The
number of
cents
25
stock, payable April 30 to holders of record
On Jan. 20, last, the company paid a quarterly cash divi¬
16.
dend
Since War's End—
Gain of 10,000,000 Phones
cash dividend of
quarterly
a
share on the common
per
& Telegraph Co.—System Shows
American Telephone
declared
have
directors
The
44
Monday, April 11, 1949
UNDERWRITERS—The
Cash Dividend—Backlog Substantial
Declares 25-Cent
Co.—Official Retires—
American Surety
Lester
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(1558)
*70Q
m n
4Q1
1
fi4R
Volume
169
Number 4793
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1559)
.
3
*
LIABILITIES—
Ordinary stock
4%
stock
debenture
consol.
Funded
Audited
vcunchers
Net
balances
Miscellaneous
Other
or
Depreciation
Reserve
for
Reserve
for
on
Land
New
of
8,200,598
25,350,000
27,600,000
4,119,173
4,504,543
5,188,998
____
and
3,702,115
deb.
stock-
34,458,562
6.024,992
34,458,562
,
Village
63,116,505
60,722,480
York
1,648,453,823
of
1,
April
on
than
more
Airlines
Sept.
facturers
Carl M.
1,622,445,668
Trust
that
it
principal
3V2%
15-year
and
that.it
announced
$2,000,000
Corp.
1960.
5
Total
Will
amount
convertible
deposit the
$650 or
by
$1,000
all
that
and
tendered
debentures
Capital Airlines, Inc. was formerly
Pennsylvania-Central Airlines Corp.—V- 169, P. 1447.
purpose.
'
'•
Capital
fererd
City
Stock
Offered
Washington, D. C.,
'
'
Boating
.'
(par
10c),
shares
50,000
shares.
outstanding,
are
stock
(par $2),
Of
amusement
objective
which
of
in
creation
the
and
transportation
to operate
cruises from
Potomac
River
its
Delaware,
which
boat
its
stock
excursion
when
boat
it
offered
is
with
to
the
sale
for
capacity
■
of
will
acquire other necessary factors lor such
/'•
be
oper.
1948
Operating
in
an
income
1,130,000
1,090,000
New
1,240,210
1,078.112
—V.
424,000^
income!!.^-.
net
$1,688,'605
683,334
554,073
199,603
Executive
424,952
-
Divs.
income-
for
$1,263,653
120,000
pfd.
on
stock
120,p00
I
by the
faster,
last
the
120,000
$1,143,653
has
shs.
V
the
two
goal
Per
^
sh.
of
stock-;.-
com.
$1.13-
•
$0.91
-
-
.
'
$0.83
•
•'...
'\y:
VY
:V.Y'
,
'
Y-*- '
;
;
.;
$0.81
; - ■.'
.
•
■.;
•
1948
the
another
is
program
457,000
year-end
has
program
marked
up
high
of
new
and
system
West
equal
distributed
Corp.
The
,
issue
Other
dividend;
Co.
and
The
v
received
W.
were:
5 on
C.
bid of
a
$9,967,000
the
Co.,
100.5319
$4,950,000
shares
redeemable
T
are
interest.
PURPOSE—All
estimated
at
the
net
$1,971,000,
in
$620,000,
of property
)
its
Grbss
Net
notice
106%
at
to- be
received
by
the
plant
been
used
the
by
for
company
bonds—
due
•
1
1970—
preferred
stock
stock
Common
J
*
stock
Preferred
be
may
terms and
par)'
ino
Dutchess
.
thereunder
or
1947
Dec,
on
21,
thereby,
subject
to
the
&
Company is incorporated in New York.
Power
and- its
Corp.
Kingston. Gas
as
consolidation of
a
of
and
the
and
the
its
following
subsidiary;
N. Y., and* United
Hudson Electric &
Rhinebeck,
subsidiaries,-Upper
Electric :Co.
&
Co.
Electric
&
Co.
latter's
subsidiary,
about
40
The
west
from
the
miles north
Commercial
William
Dana
offices:
135
as
;
:,x
to
:
river.
New
of
and
La
York
Financial
Seibert,
S.
The
southern
end
NOTE;'
Union.
On
City, and
the northern
(Reg.
President;
William
Salle
$35.00
account
of
per
the
territory
Chronicle
St., Chicago 3,
second-class matter February 25, 1942,
American
the
of
year;
in
D.
in
end
of
'
the
the
post
of
it
office
of
at
Net
'
I
1—:i,
496,875
607,040
511,954
3,310,372
3,045,762
2,256,508
896,209
1,217,450
1,549,911
1,088,522
681,640
1,023,060
1,362,043
867,883
»
been
appointed
Inc.
She
Assistant
joined Snow
to
the
Crop
in
President
1947,
work-
and the Presi¬
Eye-Snider Division
associated with
Corp.,
serving
that
the Birds
the Advertising
in
and
Executive
company.
Inc.,
has
absorbed
The
Benham
Co.,
York
New
affairs.
personal
Inc.,
Benham
activities
manufacturer
of
bulk
as
products
broker
from
for
at
corn
railway.
of
the loan will
be used for refunding purposes
and
treasury for capital expenditures.—V, 166, p. 2659.
company
shares of Erie
income 4'/2%
that
announces
28,
its
amounted
1949
for
showed
April
2
agd.
Following
weeks
and
the
production
301,916
to
weeks
four
ended
for
the
barrels,
Feb,
28,
1949.—V.
four
weeks
with
compared
1949,
308,343'
and
169, p.
1111.
April
___!_
Mar.
Mar.
33.101,422
1949
-
-
,
"2
year
the
12
1948
231,118,000
234,511,000
four
% Increaes'
244,153,000
!___
220,461,000
218,990,000
224,420,000
4.8
241,373,000
26
19_:__u.—
Mur,
*
increase over the corresponding week a
kilowatthour output totals of the past
comparisons with 1948:
4.8%
a
are
percentage
Week Ended—
1946
33,881,416
March
Commonwealth Edison Co.—Weekly Output—
2,430,920
234,919,000
3.9
7.1
7.6
1.201,252
Asks Bids for Purchase of $50,000,000 Debentures—
*
/
Thef company
6,899,726
7,329,810
of
2,606,340
-
to
Electricity outp&t of Commonwealth Edison CO. and associated corttpanies, excluding sales to other electric utilities, for the week ended
J
c
3,405,240
to
169, p. 1448,-'
$50,000,000
be
is Inviting
sinking
presented
(Room
<
from
railway__
oper. income
from
frcm
-
1948 '
1949
1947
;
to
169, p.
purchase from
debentures,
at
company
Chicago
1832),
bids for the
fund
the
111.,
90,
at
April
due
its
office,
before
or
it,
1,
72
as
a
whole,
such bids
1999,
West
Adams
St,.
a.m.
(CST)
on
9:30
1449.
Commonwealth
1946
The
railway.... $12,630,644 $13,487,657 $12,087,287 $11,872,718
frcm
1—
*650,119
431,770"
■
*811 335
*928,065
588,650
.
1,785,755
631,921-
*811,603
"
of
weekly
,-thi's
corporation
Total
,
territory
railway_
27,750,330
25,384,954
served
868,033
2,063,590
*1,996,841
*668,247
1,486,217
Highest in 100 Years—
revenues
this company,
1947. * Net
of
the
1948
for
R. L.
were
Williams,
income
V,
'
series
-
subsidiaries
conditions
of
an
with
March
303,542,622
17,788,632
or
amounted
to
31,
1949,
the
for
corresponding
5.86%.—V.
169,
p.
week
1449.
have
been
called
for
redemption
the highest in the 100-year
President, pointed out in the
while
year,
operating
expenses
.Street,
Nov.
1975,
1,
Hartford, Conn.—V.
The
were-
SEC
(no
1,
next,
for
the
ac¬
general mortgage 3%%
The
at $2.50 per
names
slating
filed
31
underwriters
spread
the
that-these
Mines,
Inc.
—
Registers
registration
a
statement
376,250 shares of
with
common
the
stock
share.
the
of
underwriting
60,000* shares of
;
March
on
1224.
p.
Silver
-*
•
company
at
proposing the public offering of
par)
The
■>
169,
Caribou
With SEC—
that
.>9,894,624 to $7,207,378.—V. 169,
due
Consolidated
requirements-since June 1,
reported
May
on
sinking fund, $125,000 of first and
bonds
C
par and interest.
Payment will
be made at the Hartford National Bank & Trust Co.,
trustee, 777 Main
'
,
$7,905,480, an increase of $1,795,-
was
previous
its 'reorganization. ~ He
of
energy
business
Connecticut Power Cq.—Partial Redemption—
operating revenues were $195,019,864, an increase of $18,738,669
that
electric
general
3.319,970
*3,655,653
1944,' date of consummation of
total capitalization was reduced
from 1422,04^477 -to $349,026,535, and total fixed charges reduced from
.$3,934,431 to $2,578,527.
Total annual requirements were reduced from
is
stock
shares
are
listed
are
to
are
be
to
supplied by amendment.
share. An additional
registered, the prospectua
sold to the underwriters for
at
also
40c
per
being
be
'; investment.
'
p.
1005.
.
.
.
•
,
11
Nfet
to
proceeds of-the
financing
estimated at $830,125,
the company's program of development of
will
be applied
mining properties.
CRicago Rock Island & Pacific RR.—Earnings—
Gross;from
r&ijway_'i__.
ry.
oper.
From Jan.
Grcss
Net
from
from
169,
<3,131,468
•
The
3,533.618
1.339.414,' -1,353(565
-•-J
railway.!..
28,193,975
29,183,405
26,887,108
5,810,721
6,986,989
123,656
.1,968,765
.1,725,338
3,142,088
914,320
income.
Published
tribution
Company; Publishers,
twice
a
week
[ev "ry
25* Park
Th"rs*iav
Place,
New
(general-
news
London, "E. C., England, c/o Edwards
Act of M arch 3, 1879.. Subscriptions
>Otb»r Cnuntri»«
**o r\r
year.
of
for
Smith.
in United
;
announced
purchased)
169, p.
week
of
kwh.,
1948,
System
for
the
compared
an
output
week
with
increase
amounted t-» 203,300,000
the corresponding
week of
of
ending
electricity
April 3^
kwh.
206,500,000
of 1.6%. Local dis-^
kwh., compared with
an increase'
last year,
1443
Herbert D. Seibert, Editor and Publisher;
a
statistical issue on
Monday].
Other
Copyright 1949 by William 3= Dana Company.
Reentered
States, U. S. Possessions, Territories anu Members of Pan-'
8, R. Y., REctor 2-9570.
and - advertising
issue); with
&
6
and
209,800,000
electricity
kwh.
2.7%.—V.
York
to
corresponding
197,900,000
of
p.!l448.
Dana
■
April
on
generated
amounted
for'the
918,243
6,139,359
company
(electricity
1949
-Drapers' "Gardens,
year.
665,791
1—
York, N^ Y., under the
per
869,112
railway._____
Net ry. oper.
'V.
2,629,491
2,904,745'.
income...
Consolidated Edison Co. of New York, Inc.—Output—
V
$13,804,580 $14,007,674 $12,850,704 $12,541,451
Net. frOiji p ailw3y__
Net
•<
compared
ended
week
the
increase of
1948,;
There
those-of
Corp.—Weekly Output—
of
show
to
■
; and annual
-
for
as
ill
24.816,462
*1,318.907
26,134,412
Income
$165,487,170, an increase of $17,671,191. The report Said this was "due
»largely to wage increases and the rising costs of materials and fuels."
Mr. Williams reviewed the reduction of the company's capitalization
\
output
adjusted
•
railway..
operating
746, over
hour
321,331,254
>
Southern
&
kilowatt
*
,
Deficit.-
over
,
New
exchange,
33b,441
barrels JoT the four, weeks ended Jan. 31,
*
3,276,222
1,129,179
*270,394
0613);
$38.00
626,621
2,757,625
was
Co.,
302,758- barrels
was' indicated
1947
4,672,581
Manager.
State
1946
$1,198,635
713,841
has
Industries,
ending
■
1948
*1,921,043
from-
Office)! William -B.
Business
Canada.
rates
i:;
1947
$1,440,671
Colon Hevelopment Co., Ltd.—Production—
Erie
.
'1,795,319
about
Patent
(Telephone
Dominion
fluctuations
S.
Riggs,
HI.
at
U.
Sales
reimburse the
'
' '
•
but
38,070,564
Net
and steam for steam heating. It serves a territory extending
miles along the Hudson RiVer and about 25 miles to 40 miles
85
and
1948
588,620
*
Frey
Foods
time-to
$17,985,998 $18,672,237 $16,272,651 $14,936,625
railways-
Net ry. oper.
company
purposes
east
to
'
:
>
not disclosed,
held.
36,447,135
; Grbss
Electric
Light, Heat & Power Co.
L v :
1
is engaged in the business of generating and manu¬
facturing, purchasing^ transmitting, distributing, selling and supplying
gas and electricity for lighting, heating, industrial and-general utility
about
: •
was
be
1949
"
Gas
insurance
1479.
Coast Counties Gas & Electric Co.—Borrows $1,000,000
Privately—The company, it was announced April 1 has
borrowed $1,000,000 from two institutional investors on
3% first mortgage bonds due .in 1980. The Mutual Life
Insurance Co. of New, York purchased $600,000 of the
bonds and the remaining $400,000 were sold to the John
V
'
RR;
These shares represented
*
purchaser
railway__.
from
Total
•'
its
p.
$1,598,212
Marketers,
10.000
65,110
history of
1,500,000 shs.
of
168,
,
of - $6,700 shares
holdings
bought to
was
1948 Revenue
subsequently created series,
-
formerly
count of the
limitation on the aggre-
no
secured-
and
1926,
Hudson
Heat
Electric
and
I The
level;
$6(196,300
annual report mailed to stockho'ders or. April 5.
1,500,000 shs.
any
V
AND BUSINESS—
Central
Light,
Hudson
Ulster
its
a
/
From Jan.
,
companies:
RR.
issued
formed
was
sold
$13
the
of
stock
from
Net ry.
20,000 shs.
conditions thereof.-;
j HISTORY
It
\
4,200.000
'Mortgage securing these issues contains
gate amount of bonds, of the same
which
stock for
name
Gross
•
70,300shs.
disposed
Co.—V.
Chicago & North Western Ry.—Earnings—
150,000 shs.
offered—.—
now
had
Insurance
wholly-owned
corn
The
*598,795
13,265,000
$100)—
(par
a
Clinton, Iowa, ♦ill be handled by-Clinton Sales Co. at 120 Wall Street,
New York City, under direction of M.
Riley Owens, New York sales
manager.—V. 169, p. 1448.
i
agree¬
2,637,774
$2,200,000
9,000,000
'
Indiana,
$1,330,179
Departments of
Clinton
costs
'
1,268,638
Outstanding
*13,265,000
—_
of
.
his
operating
purchase)
Vice-President,
First
raSlway_____
and
*$2,200,000
series due 1971—-
it
Island
mcome___
April 12.—V.
acquisition
14V2%' cumulative preferred stock
>
•>
in
stock .purchase
a
stock.-
company-' has
from
—V.
,
!'•» Authorized
•
Short-term notes
Serial
consider
will
19
TUohy,
Net ry. cper. income—
company,
the
Co.
1005.
General
-
be
,
series
3%
J".
common
From Jan.
and the construction, completion, extension or improvement
and distributing systems.
'
mortgage
J
\
have
a
products
broker,
it was announced
by Carl Whlteman,
Vice-President, in charge of sales and advertising of Clinton Industries, Inc.
'
George F. Benham- has retired from the Benham firm to devote
<
Net ry. oper. income__.
$4.75
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
First
April
on
February—
applied by the company toward the
payment of outstanding indebtedness represented by short-term notes,
i
The
proceeds of the indebtedness, less required bank balances of
of
kilo¬
dividends
common
■
February—
proceeds
will
days'
30
on
be
in.
452,684
1—
Crop
Clinton
"Chicago Milwaukee St; Paul & Pacific RR.—Earnings
Net
a
and
time
a
1448.
p.
1949
Stacey
ahd
bulk
of its serial notes during tile v.
5%
White, Weld & Co., 100.559 for a $4.95 dividend: Drexel &
& Co., Inc. (jointly), 100.049 for a $4.85 dividend,
new
about
of
Grcss
for
at
1'948 against
in
received
year
The C. & O. retains voting trust certificates for 259
preferred and $27,750 of Erie general mortgage
bonds, series A.—V. 169, p. 1447.
.
,
; ,
'
100.55 per share.
tangley &
made
no
to
rights.
Unit Acquires The Ben-ham Co.
Stroud
accrued
;
awarded April
was
bias
is
*
in¬
upward
Operating
higher than
last
and also -retired $250,000
with:-Walter
The
yyyy% yy
yyv.
and
it
mortgage 3%
bonds, due Dec. 1, 1982, are now
Guaranty Trust Co. of New York, 140 Broadway,
Y.,
in
exchange
for
outstanding
temporary
bonds.
1223.
'
p.
Research
kilowatts-
gain -in-
$61,864,000.
to
company
.
that the
Central Hudson Gas & Electric Corp.—Preferred Stock
Offered—Kidder, Peabody & Co. and Estabrook & Co.
jointly head an investment banking group which pub¬
licly offered April 6 a new issue of 20,000 shares of 4.75%
cumulative preferred stock ($100 par), at $103% and
accrued divs.
Associated in the offering are Schoellkopf, Hutton & Pomeroy, Inc., and Carl M. Loeb, Rhoades
y:-y
of
■■
$33,r
to
748,000
to
revised
been
13.3%
a
14%
were
was
parent
purposes.
>,
/
& Co.
that
pre-emptive
the
oper.
169,
dent,
share, or $607,100.
by -voting..trust 'certificates, were carried by the C. & O'. at- a? book
value of $2,686,032 and the loss from the sale was taken for
jax
NOTE—1These
V
fact
their
ing with the Vice-President in Charge of Production,
Sells Erie "Common Stock—
$809,784
earnings- were erroneously reported' In our April 4,
1949, issue as being for the month and 12 months ended Feb: 28, 1949
and 1948.—V. 168, p.
1691.
169,
announced
31
Rhode
railway——
Proceeds-
154,376
$828^297
$910;701
.
be
Insurance
railway—
of Snow
\
Di¬
a
Percy Jones.
and
years,.
of
capacity-from
the
at
The
a
The
1947.
stockholders
The
$i;i23,737
will
underwriting
no
the
to
with
169, p. 203.
'
L
:
>!--■• '. :*Y■■! '
•' '
:
'
■/
\
j Hancock Mutual Life Insurance Co.
-Chesapeake & Ohjto Ry.—Stock Purchase Agreement—
common
31, '48)
shares
later.—V.
from
Miss
&
South
ment
(992,126
at Dec.
—V.
$1,198,539
elected
been
resignation- of
past
Ultimate
year
however,
for
year.—V.
$904,160
168,751
due
accordance
railway
Net from railway
Net ry. oper. income!—
dividends
from
its
four
operating subsidiaries, -Central
Light Co., Public Service Co. of Oklahoma, Southwestern Gas
Electric' Co., and West Texas Utilities Co. Of this amount, Central-
stk.
com.
of company
154,376
.
ry.
Gi'oss
Capacity by End of 1951—
generating
1951.
reached
its shareholders
of
168,751
Balance for
1
$997,048
date
shares
first
p.
from
Net
it. became apparent that the trend in the addition
was' increasing faster than previously anticipated.
as
even
in
kilowatts
of
end
customers
shares
company
i
$1,065,077
record
a
2,244,000
N.
frcm
Net
$1,318,539
Vice-President,
1949.
rated
508,000
the
income
200,975
$1,294,488
169,
508,228
.___
caused
construction
corporation
The
/ Net
March
the
at
York,
Gross
$1,826,767
460,749
$1,108,826
vacancy
which
$1,165,135
deducts.
offering,
stock,
the
in
Equitable
on
to
__
...
Interest & oth.
for
February-
38,153
-i
_
$1,228,826
:
system's
and
new
&
186.874
246,922
$1,196-651
on
•
the
months
Power
$978,261
12,373
held
outstanding
.
Definitive-
in* common
$1,619,150
presently
public
present
determined
Pioneer
available
$1,788,614
14,472
1——
:___
Net
19,124
The stock
stockholders
at
the
common
shares
to
($8.50 par)
665,000
$1,674,133
$1,689,575
revenues,
5,302,943
v
761,435
1
.
•;
planned
by
The
■
■
■
.
earnings
by
nine
authorization
stock
program.
1331.
$9,105,000 in
$1,977,822
_________
'
Net
-
for
Cleveland Electric Illuminating Co.—Definitive Bonds
533,723
315,101
4,612
"
;
new
Is
1947
of
■
V
The
911,660
I
$1,684,963
_____
Osborne,
the
lecent
1947
5,767,863"
SEC
common
Clinchfield RR.—Earnings-
:
fill
on
watts
'•
$949,729 !>
$10
increase
Neon, Inc.—Unit Disposes of Insurance Oper¬
' -
ations—
595,653
430,000
■'
•
of
S.
to
000,000
$6,281,204
$1,606,777
Claude
1946
369,171
1,357,713
deductions
crease
&
$1,958,698
1947
986,877
'1,152,000
taxes.
•"
169, p.
spent
203.
p.
each
unsubscribed
be
*
Aims at 748,000 Kilowatts
v
V
./Net operating income
"
'
Further public financing will be needed by the corporation and its
operating subsidiaries in the next year or two to pay the cost of their
construction and expansion prpgram. Approximately
$62,000,000 was
and
1948
10,829,913
'12,180,886
expenses____
169,
ho
bidding
to
manner
416,860
income
John
day-
$6,717,592
1947
$14,139,584 $12,436,693
revenues
'
'■
for
the
to
shares of its
major construction
subscription
stockholders
of
657,769
income
rector
—Company Only-
System
--
expenses
'
"
»
to
Clinton Industries, Inc.—New Appointment—
.
persons
be
will
to
Disposition
$14,143,921 $12,268,335 $10,649,935
853,082
737,131
661,223
____.
expenses
inoome
the
with
about
at
used
1
Co.—Earnings—Correction—
{
t;
revenues
rose
Central Electric & Gas
"
There
.Central & South West Corp.—^New Director—
an
purchase
1,700
business.—V,
a
J'
Calendar Years—
to
used
approximately
,
be
.
competitive
3,000
promotion expensea______:
<
idea,
short
notification
offered
will
ACCOUNT, YEARS ENDED DECEMBER 31
___:
Reservation
primary
and
make
will
application
There are
stock..
offered
4,000
for
specified.
subsidiary,
one
as
made
share
new
be
6,500
__
only
to
1948,
8,
of
..
offered
one
From Jan.
District' of Columbia, down
mooring in. the
return
June
to
operations
common
the
Of
immediate
Its
company.
excursion
an
and
in
of
later
241,441
—V.
given
been
be
rate
are
No. of Shs.
,
of
be
to
602,274
Net
'
incorporated
was
is
night
Other
•
To
the
2,913,012
C.—Pre-
shares,
common
and
underwritten
6,500
Ealance "s.
have
underwriter
stock
-
starting point,
'
!
The net proceeds to be derived by the corporation from the sale of
the
preferred shares will approximate $124,000 after deducting all
underwriting fees and expenses. This with the returns from the com¬
/
'
Operating income
successfully culminating into this corporation. The
were equally divided among the nine original directors
promoters for which they paid the par value of 10 cents
also
are
Total
principal
preferred
new
shdres
per share.
i
The corporation
to
each
of
letter
a
stock,
Proceeds
376.
The company has
is
of
name
shares
169r p.
issue and sell 249,334 additional
in order to finance in part its
of
725,448
Grcss
50,000 shares;
50,000
the
2,000
that
with
filed
29
Cincinnati Gas & Electric Co.—-To Sell Common—
Co.
Nonoperating income
\
•
capital.—V.
275,985
Income
promoters for his services rendered
other 900
mon
connected
March
a
237,137
■.
as
plan and guidance
the
is
Loeb, Rhoades & Co„
Federal
Lawrence R. Shepherd & Co.,
offering 50,000 shares of preferred
CAPITALIZATION—Preferred
and
system
Taxes, other than Federal income
■
stock (par $2) at $3 per share.
who
Its
Administrative and general expenses
Provision for depreciation_—__'_____
—
are
Co.,
operates
at
known
Corp., Washington, D.
which
Cornwall and in the adjacent Town of
acquired in connection with the purchase
was
expenses-
4.
all
principal amount
York,
787,270
Sales
Manu¬
were being rejected.
The purchase of the debentures for
the sinking fund was made with $1*353,085 of income avail¬
this
for
the
New
Co,
operating
per
approximately
Telephone
oh
company
for 3,000 shares of common
share without underwriting.
SEC
4,184,944
more
deposit in
of
in
Cornwall
.
&
Chicago & Southern Air Lines, lire.—Filing—
The
5,580,250
debentures,
with
The company said oh April 5 it was ac¬
debentures. tendered at a price of less than
April
purchase
lor
per
stock
of
Customers' accounting and collecting
Pennsylvania-
of
income
debentures
2,500
Distribution
the
Co.,
debentures
cepting
2,900
of
about
Transmission expenses
completed
had
of
area
estimated to be
population is in com¬
more, the largest of which
this
territory.
stock
organized
Town
of
INCOME
trustee, to meet sinking fund requirements due
The corporation on March 15 issued invitations for tenders of
May 1.
i
rural
the
properties/
'
'•
Maintenance
corporation
Central
able
of
Bchoellkopf, Hutton & Pomeroy,; Inc._^.i.
1447.
p.
purchase
the
of
-
Estabfcok
Capital Airlines, Inc.—Purchases Debentures—
The
$650
1940
1948
_______
169,
due
and
Telephone
Production
y
the
half
Kidder, Peabody & Co
269,126,972
1,709,010,491
all
company,
number
"
60,851,609
279.123,961
census,
villages and
owns
electric
•
34,458,562
196,737,313
surplus
this
of
one
follows:
as
3,363,502
11,789,329
.6,475,843
small
Windsor, and which
respective
1 4,239,047
12,460,156
the
certain
302,224.698
_
population of
basis
About
'PURCHASERS—The
-5,188,998
'
in
telephone
New
25,200,000
,
4 408,801
13,188,540
6,141,811
in
12,420,053
324,478,772
4,015,422
__
____________
loss
'
439,851,108
insurance________
Total
-V.
1.031,995
8,496,302
is
co.mpany
small
2,278,841
investment
surplus\
Profit
The
938,186
renewal res._
and
half
one
3,387,007
2.278,841
13,339,604
credits
cap.
8,375,608
12,728,003
9,452,084
reserves
Unadjusted
Prem.
&
The
the
on
267,000.
having a population of 2,500 or
Foughkeepsie, with a population of about 40,000 and
9,511,393
963,390
reserve
Albany.
is,
munities
is
2,278,841
liabilities
of
approximately
payable
liabilities
way
9,284,072
7,053,336
4,491,862
south
miles
square
declared
charges
dividends
Contingent
Deferred
83,565,000
4,410,125
___
accounts
lixed
current
Maint.
295,438,229
75,301,000
14.359,066
8.071,951
___1___!:L_____1__1_
Accrued
335,000.000
137,256,921
»
102.037,000
traffic
Unmatured
137,256,921
295,438,229
137,256,921
295,438,229
stock___
debt
Payrolls
335,000,000
335,000,000
;
preference
4%
miles
10
.
remittance for foreign subscriptions and advertisements must be made In New York funds.
/
4
succeeding
168,
Executive Vice-President, has been elected President,
M. Weinstein, who becomes Chairman of the Board.
I.
committee,
1797.
p.
Sales
169,
$7,839,379
$7,729,804
$3,406,803
$3,117,819
'
1224.
p.
Vice-President and Factory
Manager of the Muskegon division in 1947.. and more recently has
been
Works
Manager
for the
aircraft, 'automotive and industrial
engine divsions, has been elected Executive Vice-President.
Freder.ck H. Faust, formerly Assstant Secretary, has been elected
Secretary,
succeeding William G. Raven, who has been elected a
Vice-President. Mr. Faust's promotion will leave A, C. Dykema, Con¬
troller,
freeto
undertake
broader
financial duties, according, to
A.
Thure
who
Engslrom,
elected
was
paint manulacturing
plants,
J.
Lewis
Kalb,
has been eleeted
attention
time
which he
of
President.
Reese,
P.
and
Director,
Paso Natural Gas
El
amendment
The
was
of
Vice-President,
Executive
heretofore
of
incorporation
Electric
Boat
Bresnahan
T.
Ala.—Sale and
stockholders
liquidate its business.
A definite
month, pending which the mill will
continue in operation.
A letter to stockholders dated March 22, 1949,
expressed the opinion that the individual stockholder would be better
off iinsncially through liquidation than if the corporation expended
the very large sums necessary to place the company in a really com¬
petitive position.
Of the 15,000 shares of capital stock, par $100, outstanding, about
30% Is held locally, a large number of shares are held in New York,
N. Y.,
where F. J. Kingsiey, President, resides, and the balance is
the
of
property
decision
is
and
within a
to
company
expected
.
the
U.
a
and
Naval
been
post.
new
bars,
S.
has
He
after
is
with
associated
the
finger of Columbus,
law
firm
Ohio.—V.
-
;
-
of
the
905.
p.
A
.
\
this
■_
approximately 13
over
income
the- fiscal
lor
other States.
ended Nov.
1948,
30,
year
kwh.,
12,770,000
20.9%,
or
corresponding
the
over
week
last year.
of
1451.
'The
stockholders
the
authorized
April
on
12
stock,
common
consider
will
from
$10,
par
proposal
a
increase
169,
o;:.-
1333..
p.
to
shares to 550,000
400,000
modify the preemptive rights of stockholders.—V.
and to
DeBardeleben Coal Corp.—Tenders—
The Fidelity-Philadelphia Trust Co., trustee, 135 So. Broad Street,
Philadelphia, Pa., whl until 12 o'clock noon, April 14, receive tenders
for the sale to it of first mortgage 4% income bonds due July 1, 1957,
to an
amount sufficient
to exhaust
the sum of
$667,524, at prices
not exceeding par and interest to April 20, 1949.—V. 167, p. 1468.
Manufacturing Co. (& Subs.)—Sales & Earnings—
Ero
Six Months Ended—
>
Net
Net
income
—
Federal
after
tEarnings ,per common
Deep Rock Oil Corp.—To Increase Common Stock—
The stockholders
stock
common
have
convertible
into
right
preemptive
any
such
—V.
169,
Decl
Years Ended
Sales
stock.—V.
168,
to
p.
common
stock
31—
The
Earnings
167, p.
$1.78
$0.50
$0.50
to
go
April
($10
1
filed
letter of
a
notification with
the
SEC
par)
common
stock, to be offered at $15.50.
Roney & Co. and Ferriss Wagner & Miller.
stockholder.—V. 169, p. 1112,
/.
Wm.
are
C.
selling
Dewey & Almy Chemical Co.—Loan Placed Privately
—The company, it was announced April 4, has borrowed
$1,100,000 from the Massachusetts Mutual Life Insurance
The loan is dated April 1, 1949 and bears interest at
the rate of 3%%. It is payable in 10 equal annual instal¬
ments, beginning June 1, 1953.
the
proceeds
*349,750
$0.60 A
on
shares
350,000
issued
$1.00
outstanding.
and
directors have
stock,
of
declared
dividend
a
10 cents
of
the
on
April
payable
was
26 to holders of record April 14.
The
semi-annual of 35 cents on April 26, 1948.
a
October, 1948 payment
omitted.—V. 168, p. 1360;
was
169,
offices
in
cities
77
in
states.—V.
20
168,
directors have
share
per
able
the
on
April
29
stock
declared
initial
an
quarterly dividend of 30 cents
participating preferred stock, pay¬
$1.20 cumulative
holders
to
of
publicly offered
was
April
record
on
20.
Feb. 23,
See v. 169, p. 905.
1949.
(The)
The
1.949—Month—1948
Fifth
Avenue
$1,406,944
$1,588,551 $12-,070,435
Chase
preferred
stock
par
Building
$10,398,223
has
and
been
houses
manufacturing
novelty trade.
$1
common
the
stock.
par
Lane
name
been
York
of
of
Clark
brake
stations
from
of
Clark
Transcontinental's
to
New
said
Clark
that
the
special
(son
1839
mile
"biggest
the
169,
the
Federal
Power
Commission
it
is
understood.
1322.
p.
The
the
in
Baker
Inc.),
Neb.,
financing privately placed by Leh¬
Brothers
consisting of $1,600,000 secured 4%%
a final
maturity of Feb. 15, 1^55. Pro¬
financing will be used to retire all bank
debt and for plant expansion and
drilling.
serial notes with
the
Mr. Krieger said the company has
acquired several leases in the
Signal Hill area where a well has just been spudded-in which will be
Flores No.
350
the
14
new
has
been
feet higher on
The Douglas oil
3,500.000
barrels
De
Soto
Zone.
In
completed In
a
the structure than
the
new
the
Cat
Canyon
fault
Los
Field
the
Los
block, the well being
Flores
13.
have increased from 2,200,000 to more than
the past year, Mr. Krieger stated.—V. 168
reserves
during
p. 2118.
W.
Bennett, Chairman
of
and
George
P
p^d
.
23,394
distribution
record
Ics-Pre
Provide
to
for
*
shares
of
stock
common
to
take
and
provide
of
care
will
be
made
April 1, 1949.—V.
April
on
169, p.
15
to
pre¬
a
stock¬
common
905,
have
Stock¬
approved
and
recommended
stockholders
to
an
large New York real estate firm to buy all the company's
a
stock
at
than
offer
N.
$30
The
transaction
proposed
$5,000,000.
made
was
share.
a
would
Y.,
and
»
by Webb
&
conditional
is
upon
at $30 a share.
!
'
However, the purchaser can, on five days' notice, terminate the
buying of stock before it has acquired 95% of the stock and before
the
expiration
The
.
date
of
the
offer.
'
-;
expiration
date is June 30, but can be extended to Aug. 1, if
deposits an additional $85,000 in escrow to be applied
to the purchase of stock. Webb & Knapp, Inc.
already has deposited
$170,000 with the Marine Trust Co., Buffalo, N. Y. for that purpose.
Webb & Knapp deals in properties for its own account
and
also
the
purchaser
counsels
or
client
corporations and estates. Whether it is acting for
itself
representing others in the Ford offer is not known.
Ford
Hotels
its
reports
total
consolidated
net
after
income
taxes
in
1948
was
$1,904,904, or $11.21 a share. This included profit of
$1,113,782 from sale of hotel property. Net income from operations was
$791,121 compared with $456,013 in 1947. ("Buffalo Evening News.")
—V. 165, p. 2926.
Coincident with
announcement
completion
of
the
of
of
merger
this
corporation
and Maxson Foods System, Inc. under the came \ji tne
former, Paul E. Reinhold, President of the merged company, stated on
March
30
that
were
net
earnings
in
the
Reinhold
compared
stated
the
as
with
taxes
ments
in
position
a
Foremost
of
income
Net
the
of
weeks
12
Dairies,
Inc.,
record of $33,040,151
a
five
than
more
take
which
improvement
will
exceed
after
$40,000,000
Inventories well below
to
economies
in
advantage
have
ice
during the spring and
As
1942.
of
said,
added: ."With
in
sales
and
unit
first
times
large
as
estimated
federal
amounted
Reinhold
Mr.
He
is
net
1947
the
net
compared
pany,
sales
in
dairy
in
period.
to $798,168 in 1948 compared with $626,268 in
income after taxes and preferred stock dividend require¬
1948 was equal to $1.80 per share 'on
the common stock
with $1.41 a share in 1947.
Net sales of the combined com¬
and
1947
1948
the
greater
1948
the merger, were at
$29,067,447
$6,164,383
income
that
before
of
taxes
$250,000
corresponding
it was constituted
as
before
approximately
than
1949
effected
been
sales
cream
summer
at
be
can
by
in
of
those
reduced
of
the
Foremost
year,
fat
and
prices,
management.
than
better
a
1949.
last
butter
Fur¬
seasonal
rate
anticipated."
result
of the merger, Mr. Reinhold said,
working capital of
Dairies, Inc. now stands at more than $4,000,000, "placing
the company in a comfortable position to
proceed with plans for round-r¬
ing out its lines in individual communities now served with only one
a
Foremost
in
or
some
cases
only
Franciscan
few
a
o
Corp.
Eno
holding 75%.
by Brenton
trusts,
board
the
on
Henry
who with Mr.
Maynard,
Carmer
late
the
of
of
Bank
the
Chapman
who
is
of
four principal products."—V.
from 2%% to
(M.
co-trustee
Welling,
Carmer
Walter
May¬
elected to the board,
Vice-President,
and
Mr.
Carmer,
form
1333.
169, p.
York
York,
&
150,444
owns
34.5%
(1.07%)
(10c par), The
of
the
four
shares
First York
a
its
the
of
new
the
owns
par)
Baker.
to
entered
Bell
filed
First
Bell
Aircraft
application
an
stock
York's
Mishawaka,
Corp.,
of
the
voting
Bell
common
power
stock
(86.707%)
officers
issue of
new
with
interest
Ind.,
and
is
of
stock
Bell.
owned
by
($1
an
par)
of
additional
An
affiliate
of
President, Etc.—
the
Finance
Committee,
on
April
5
Russell
idents,
L.
on
Curtis, formerly Assistant Secretaries,
and Calvin Campbell, head of the company's
and
1
Redeemable
date,
in
The
years
the
at
the
of
stocks
into
individual
a
preferred
.share.—V.
is
world
lieving
of
the
Wheelabrator
three
other
stock,
First
largest
the
Church.
The
patience,
Fathers
tending
the
and
sick,
Friars
Minor
of
the
Province
of
Archdioceses
of
of
over
re¬
to
special
Holy
Name,
\
the
Boston,
the
in
gone
their
are
/■-
,
700
over
men
wounded,
without regard
Most
the Franciscan Fathers of the New
as
in, the
represented
on
Assissi
have
outcast
r
of
bearer
payable
Louis, Mo.
any interest
the
erring
the
care.
Order
of
Orders
strongest
reclaiming
the
St.
Co.,
in part
or
in
interest
and
Francis
St.
Franciscan
and
and
poor,
by
and
The
peace
semi-annually
Coupons notes
Trust
whole
a
due
1949,
order.
founded
distressed
color.
as
numerical
of
one
Union
Louis
interest,
of
1,
1961.
Principal
York
Denver,
Province,
Newark,
New
York, Washington, in the Dioceses of Albany, Buffalo, Charleston,
Hartford, Mobile. Ogdensburg, Paterson, Raleigh, Richmond, SavannahAtlanta, Scranton, Trenton; in the-foreign mission field the Prefecture
Apostolic of Shasi, Hupeh, China, and the Commissariat of Goiaz,
Brazil,
are
The
1
1
accredited
Fathers
seminary;
novitiate
Friars
New
six
8
Friars.
33
of
the
In
with
conduct
community
St.
Pulaski,
of
the
of Assissi on West 31st Street,
States the Order is represented by
in New York, Cincinnati, St. Louis,
Wis.
In
addition
sub-provinces
or
Province
Name
The principal church
Francis
headquarters
and
34
parishes; 42 missions;
houses; 3 houses of study;
seminary.
United
Commissariats
Holy
Province.
Province
preparatory
Church
Francisco
are
1
City.
Provinces
San
there
the
to
this
colleges;
and
the
is
York
in
2
these
to
under
6
the
Provinces,
of
care
the
numbers
trusts.
receive
St.
common
(26,564 shares)
issued
to
persons
preferred stock of Bell.
or
is to
York
The individual
16,574 shares of the Wheelabrator stock for
the
will
5,000
be
shares
transferred
common
stock
common
to
Bell
in
($1
par)
exchange
for
stockholders,
under
First
York
has
to purchase their holdings cf
the
exchange
plan
,
„
v
1949
from
From Jan.
1948
estimated that the
railway
Net from railway
Net ry. oper. Income
the
nishing
1946
$2,525,386
908,256
885,757
899.607
530,915'/
494,430
473,154
969,329
534,362
5,840,371 ."6,074.498
5,938,713
1,599,680
1-,909,968,, j[^095,950
■
(h
i
•«
16S, P. 1113.
931,751
1,035,472
1,222,812
and
at
the
facing!
stone
the
upper
street
floor.
level
It
Is
new
commence in the near future.
To expedite the completion
and provide, in part, the cost of construction
fur¬
equipment of the new monastery church, the Province is
to advance to the Shrine the proceeds of this $1,000,000
issue
which,
future,
with
will
154,
funds
insure
p.
on
the
hand
and
completion
750,
to
be
of
.
collected
the
in
present
the
very
buildine
.
Container Corp.—Sells Notes
Privately—The
corporation, it
was announced April 7, through Lehman
Brothers, has concluded arrangements with the Equitable
Life Assurance
■
5,2*5,588
brick
located
on
modern,
and
prepared
of
M
thoroughly
program
Gay lord
1947
$2,833,691
of
a
structure, when completed, and fully equipped
approximately $1,300,000.
Work on
the
new
structure is
cost
near
$3,017,597
1,741,042.
961,66'.
structure
for
scheduled .to
per
$2,934,923
call
comprise a monastery church
auxiliary chapel and auditorium
an
will
concrete
Plans
-
-
1—
from
and
Boston.
will
which
note
$69
at
Shrine,
steel
fireproof,
of
stock.
Wheelabrator
them
of
Anthony's
and
shares of $4,50 cumulative preferred
"Put and Call Agreement"
169, p. 1113.
railway____
Net from railway
Net ry. oper. income,—
—V.
and
preaching
the
or
St.
at
1,
$1,000.
Order,
Catholic
program.—V.
Gross
100
March
1950-Sept.
of
1,
inverse
Franciscan
ago,
creed
Sept.
Dated
1,
denomination
approximately 486 fathers; 126
professed clerics; 94 students in major seminary; 23 novices; 107 lay
brothers; 2 novice brothers and 26 oblates, in addition to which there
are 150
aspirants for the Order- enrolled at the Seraphic Seminary.
The proceeds of the present issue will be used to construct a new
preferred stock of Bell.
all of the 3,000
and
These
the
and
Wheelabrator
60,288 shares of the Bell
As
of
balance of the Wheelabrator stock
of
of
stockholders will exchange
($1
the
Province
,
by
holdings
63,164 shares of
of
and
company,
Equipment
shares
of
173,274.8
owns
its
stock
Holdings to
j
York
owned
6,041
Certain
have
proposing the transfer to Bell
Minor,
Friars
of
31/2%, according to maturity.
$1,000,000.
from March
in
March
Treasurer
-
investment
manufacturer,
Wheelabrator
issue
S.)
.
To Transfer
Corp.,
aircraft
&
popularly known
—
Order
Lynch, Pierce, Fenner & Beane on April 5
$1,000,000 direct obligation serial notes, dated
1, 1949 at 100 and interest. Interest rates range
March
New
Refrigeration Corp. (formerly known as Baker Ice Machine Co.,
Baker's principal manufacturing plants are located in Omaha,
and South Windham, Me.
First
is
York
Fathers,
—Merrill
offered
Roman
-
Messrs.
named
February—
plane crash
March' 21.
beccir.2
York
shares
Gross
elected Chairman of the
board, and Leland I. Doan, formerly
Vice-President and Secretary, has been elected
President, both succeed¬
ing the late Dr. Willard H. Dow, who was killed in a
.was also
A.
and
Knapp Inc., 383 Madison Ave., New
acceptance by holders of 95%
01
the stock. If the holders of less than 95% of the stock accept the
offer, the purchasers retain the right to purchase the shares that are
Florida East Coast Ry.—Earnings—
Dow Chemical Co.—New
Earl
Lewis
■
was
representing
For
to
The
represented
Co..
will
of
one
Buffalo
First
Bell,
stock
drilled
Building.
are
Bank
meeting,
Maynard
American
pletion of
ceeds of
the
stockholders,
the
of
Dempsey, Secretary.
SEC
Douglas Oil Co. of Californiar-Notes Placed Private¬
ly—W. G. Krieger, President, on April 6 announced com¬
man
Avenue
building,
banks.
First
Corp.,
First
term
center of
a
meeting
under
Bell Aircraft Corp.—
4,700
new
of
First
inch"
Corp.,
Pipeline Corp., called for delivery of 55 of the huge Clark
1,600
angle units.
Part of the order, one of the
largest ever to be
placed by the Industry for gas engine-driven
compressors, is subject
of
Mr.
Mr.
York,
Eros.
BHP
approval
special
a
formed
trusts
Avenue
two
leading men's
the toy
nation's
the
regarded as
Large Contract—
Gas
—V.
Dividend
v
outstanding
more
The
is
$6,000,000 order received through the Fish
Houston, Texas, contractors for Transcontinental
Engineering
two
the
Fifth
and
and
it was revealed April i by C. P.
Co., Inc., of Olean, N. Y., and a
the parent organization, Dresser
Industries, Inc.
of
of
many
the building's founders)
were
Chapman and James Dempsey, who were re-elected.
The board elected Mr. Welling as President to succeed Mr. Chapman
"Big Angle''
gas
engine
driven
compressors
horsepower will be installed in pumping and
along
Texas
President
the
of
Total
followed
Bankers Trust
the
and
88,000
of
It is also
together with Mr.
Helicopters, Inc. above.
Dresser Industries, Inc.—Receives
in
the
At
Helicopters, Inc.—New Name—
See Doman-Fraster
offices
firms.
Fifth
the
stock
with
nard
to
Stock
of the Most Holy Name, New York, N. Y.—Notes Offered
this
of
management
the
and the heir of the late Walter E.
built
the
Welling
recently
of
consist
Eno,
Eno
local
announcement
which
transfer agent of
appointed
of this corporation is
reported to have
changed to Doman Helicopters, Inc.—V.
168, p. 1797.
Batteries
the
and
The
Doman-Frasier Helicopters, Inc.—Changes Name—
totaling
May
after
or
Co.—Capitalization Increased to Permit
100%
directors
York,
Avenue),
Fifth
(200
that
announced
4
soon will be taken over by' Charles F. Noyes Co., Inc.
building has a rentable floor space of some 500,000 square feet
The
of
Doman
April
on
wear
National Bank
no
directors
building
1949—8 Mos.—1948
1224.
p.
Accepted
1949.
on
holders Offered $30 a Share—
other
2541.
p.
Federal Loan Co. of Pittsfield, Inc.—Initial Dividend—
The
This
Diced Cream of America Co.—Transfer
Agent—
Mr.
5.
May
payment
Ford Hotels Co., Inc., Buffalo, N. Y.—Common
ther
and
director
to
for
;
this
Period End. Mar. 31—
Sales
booster
holders
Mr.
corporation April 7 filed a registration statement with the SEC
covering 50,000 shares ($50 par) 4Va% cumulative preference stock,
series A, convertible to and including Aug. 1, 1956.
Public offering of
the stock is expected to be made later by an underwriting group headed
by Merrill Lynch, Pierce, Fenner & Beane.
The company plans to use the major portion
of the proceeds to
reduce outstanding bank loans and commercial paper,
The corporation is a holding company, incorporated in 1927.
Sub¬
sidiaries of the company are engaged in three distinct types of the
finance business and activities related thereto and operate 135 finance
s
Diana Stores Corp.—March Sales Declined 9.7%—
Clark,
trustee
financing which may be necessary
in sales-volume this year.
stock
business
N.'Y, City—New President. Etc.—
pipeline
interest
and
the
increase
The
Family Finance Corp.—Registers With SEC—
financing, one-half was used to repay the
$550,000 short-term note previously held by the same insurance com¬
pany.—V. 169, p. 1332.
The
to
2028.
Foremost Dairies, Inc.—Merger Effected—Sales Higher
share
per
The
Co.
The
equity
of
939,075
$2.60
on
shares
Underwriters
Proceeds
1,363,923
L
(Mich.) Sulphite Pulp & Paper Co.—Files—
company
1,000
The
1947
1806.
Detroit
209,833
taxes.——
$21,324,5S3 $16,440,852
—i
taxes
share
per
tBased
previous distribution
1948
V
after income
Cash dividends paid
—V.
present
for
dicted
$3,918,401
share....——
Street,
receive
1949,
stockholders on March 29 approved an increase in the authorized
$2.50 par value common stock from 25,000 shares to 100,000 shares.
H. C. Meyer,
President, recently announced that the increased com¬
mon
shares will permit the
company to pay a 100% stock dividend on
Esquire, Inc.—Declares 10-Cent Dividend—
or
2006.
Co.—Earnings—
.
Net income
income
Feb. 29, '48
$3,251,830
—
1006.
p.
common
Detroit Gasket & Mfg.
Of
May
noon,
mortgage bonds, series A, 4%, due
sufficient to exhaust the sum of $27,633,
The
400,000
shall
stockholder
securities
revised,
*As
ARril 19 will consider increasing the authorized
to 1,000,000 shares; also providing that
on
from
: ;v Feb. 28, '49
• ,■
•
sales
William
2,
22
trustee,
Co.,
o'clock
12
offered
shares,
$1,518,814
first
Equity Financing—
outstanding
Empire District Electric Co.—iTo Increase Stock—
$24,416,
was
payment of $4 per share ($60,0001 in dividends.
At the yearworking capitkl amounted to $1,639,224, equal to $109.28
share.—V. 69, p. 1203.
The
of
offer from
Corp.—Weekly Input—
of
delivered
be
167, p.
Payment
The
March 31, 1949, the System input of subsidiaries
amounted to 73,691,000 kwh., an
increase of
corporation
—V. 169, p.
per
for
should
1949.—V.
involve
week ended
For the
of
end, the net
—V.
5,
,
• ;
-
■-
Electric Power & Light
before
no
bonds
with
Prior to the war, Mr. Bresnahan
Burr, Porter, Stanley and Tref-
of
169,
Attorney for
New York, Ohio
Trust
until
it
to
1, 1991, to an amount
prices not to exceed 102y2
at
his wartime active service
the firm of Townley,
of
law
will
sale
July
General
as
a.memaer
completion
practised
Reserve,
Updike and Carter of New York City.
was
Appointed to New Post
appoint'd
Farmers
Y.,
the
.
scattered
Net
company,
Federal
in
April 5 authorized the officers to sell the entire
on
this
and
Co., Ifuntsville,
Co.—Bresnahan
Bank
N.
for
the
Gray
Liquidation Approved—
The
1333.
169, p.
for the coming year to
the
Manufacturing
14, 1949.—V.
City
York,
tenders
Foote Mineral
been
having
Aprii 18, 1949, shall be ex tne enstfibut on of two additional shares to
of each share held on April 4,1949.
The distribution had pre¬
on
viously been declared for payment on April
1949—3 Mos.—1948
$1,525,575
$667,203
$589,216
1225.
169, p.
New
Co.—Exchange Ruling—
certificate
the
to
4,
Exchange
William
Dallas
by
the New York Stock Exchange on April 5 directed
contracts in this corporation's common stock (par $3)
April
on
that
permit his full
Marine Motor Co., a subsidiary,
recently made General Manager.—V. 169, p. 699.
alfairs
acquired
and making use o1 new type equipment, v/ill turn out
paints.
These are at Lyons, Oklahoma City, and Atlanta, Ga.
168, p. 2323.
filed
1949—Month—1948
—
—V.
Fonda, Johnstown & Gloversville RR.—Tenders—
new
—V.
(M. H.) Fishman Co., Inc.—March Sales Off—
Period End. Mar. 31—
Sales
The
holders
1.
Vice-President
to
recently
all
Monday, April 11, 1949
,
company
the
,,
Clarence
who
Bennett,
Mr.
it has begun making a new,
interior and exterior use.
on
modern
Three
Two Officers—
Corp.—Promotes
Motors
a
April 5 announced that
complete line of quality paints for both
Company
the
Continental
been elected Treasurer, succeeding
Vice-Presidents—V. 169, p. 1450.
has
been
Eagle-Picher Co.—Announces New Paint Line—
1949—3 Mos.—1948
1949—Month—1948
Period End. Mar. 31—
—V.
had
also
Consolidated Retail Stores, Inc.—March Sales—
•
CHRONICLE
FINANCIAL
&
♦
legal department, has been elected Secretary.
Dr. Mark E. Putnam,
a
Vice-President, was named General Manager and a member of the
executive committee Carl A. Gerstacker, who is a member of the finance
Consolidated Laundries Corp.—New President, Etc.—
Murray Cohen,
—V.
COMMERCIAL
THE
(1560)
3%
Society of the United States for the sale
notes in the
repayment schedule
maximum
will
amount
begin
April
of
$7,500,000.
1,
1950
and
A
the
remaining amount of the notes will be due April 1, 1964
169, p. 5.
—V.
Volume
Number 4793
169
THEJ COMMERCIAL
General Aniline & Film Gorp.—'New Pilot Plant Dedi¬
pany
by this corporation at Grasseli, N. J., on March 21, when the com¬
formally commenced operations of its new Pilot Plant where
acetylene under high pressures and elevated temperatures
derivatives of
will
5
be
Plant,
Aniline
General
has
debentures
$2,500,000,
stock of
preferred
of
from the sale of such bonds and
preferred stock will be used to repay bank loans aggregating $1,805,000.
The
not
the
widened
only
from the
proceeds
indebtedness owing
Feb.
1935.
25,
sale of such debentures
will
Corporation is
holding company
a
sidiary operating telephone companies and
has
hazard
to
minimum.
a
Presently the work being carried on involves two processes, vinylaand ethynylation.
The vmylation products include methyl, ethyl,
tion
polyvinyl methyl ether, has the
unique property of being soluble in cold water and insoluble in warm
water.
Others have equally interesting characteristics.
Another of the compounds, polyvinyl pyrrolidone, a product of both
vinylation and ethynylation, soluble alike in water and organic solvents,
was
used by
the Germans as a substitute for blood plasma, which
suggests interesting possibilities in the pharmaceutical field.
One of the nation's major producers Of dyestuffs, textile auxiliaries,
detergents and other surface-active agents, General Aniline has set
aside a part of'the new plant for the development of new processes
and pilot-scale research in these established fields.—V. 167, p. 2685.
butyl
•
•
and
vinyl ethers.
isobutyl
One,
General Instrument Corp.—Secretary and
<
Controller—
Secretary and Controller,
C. p. Sullivan has been appointed
Secretary and Assistant Controller.—V. 169, p. 1007.
Waiter
M.
Torgersen
been
has
elected
according to R. E. Laux, President.
Assistant
General Motors Corp.—New
C.
E.
Dumville
1.
Mr.
John
new
Assistant Director
H.
Hunt,
section since October, 1944,
irum
General Motors after 36
of the
retired
wno
1451,
' ':••••'
'
\ \/
which
they operate,- and
•
..
,
169,
-
Corp.
Telephone
before 3 p.m., on April 11.
for subscription by GPU stockholders
stockholders on or
These
shares
offered
were
Corp.,
a group of dealers headed
Lehman Brothers, Wertheim & Co., and
Merrill Lynch, Pierce Fenner & Beane being paid $1.25 per share for
each
share
sold through
them, with an additional 12'/2 cents per
share going to the dealer-manager group.
Y$41 per share. No underwriting was involved,
"
by
The
First
wishes
GPU
Corp.,
Boston
the
distribute
to
unsold
the
by
shares
means,
same
11, and terminating at
seeks an exemption from com¬
during the period commencing at 3 p.m., April
the
close
business
of
bidding
petitive
SEC
The
Apiil
with
and
20,
it
thereto.
interested persons
respect
has, given
to request
11
a
of
proceeds
Electric
Gas
&
the aggregate
of the common stock of New York State
its bank loans maturing in 1949 and 1950 in
Corp.,
'
principal amount of 311,698,800.
Electric
State
in
not included
sale
The
Boston
made
was
These
were
New
headed by The First
group
and Merrill Lynch,
Wertheim & Co.,
Beane.
GPU of New York State Electric & G.as stock to its own
expires April 11.
: f
stockholders
Weekly Output Increased 5.6%—
f" t
The electric output of this corporation for the week ended April 1,
1949 amounted to 150,893,977 kwh., an increase of 7,992,476 kwh., or
5.6%, over the corresponding week of last year.—V. 169, p. 1451.
Webber, Jackson & Curtis and associates on April 5 pub¬
licly
Dated
April
4%
$10,000,000
offered
The
April
due
1949;
1,
at
1964
due
debentures,
also owns directly
small
for
except
telephone
companies
Arkansas,
California,
Wisconsin).
In
1,
Redeemable,
1964.
for sinking fuhd purposes.
1952,
6
APPLICATION
of
at option
substantial
•
Telephone
own
amount
Paine,
to
the
subsidiary
for
programs
the
1949
year
expenditures, it is estimated that $14,200,000 will be provided through the use of depreciation reserve funds,
salvaged material,
and materials afld supplies on hand.
Of the
remaining $28,100,000, -substantial portions will be raised in the first
instance "by
bank loans.
As to the
permanent financing of the
628,100,000, it is estimated that some 65%) to 75% will be raised by
the sale of additional bonds and preferred stocks by subsidiaries and
Of
the
the
will
balance
stocks
to
of
$42,300,000
be
raised
the sale by them of additional common
by
the corporation.
■»
-
corporation has made or intends to make additional investments
such common stocks by acquisition for cash or by the conversion
in
into
made
Dec.
corporation
debentures
stock
(1)
These
and
bank
to
will probably be
The
temporary
1948,
31,
subordinated
of
subsidiaries.
such
to
of
as
stocks
common
made
to
to repay bank loans in
(2)
proceeds
which
ties
for
used
were
such
and
purposes
(3)
&
EFFECT
for
PRESENT
TO
90-day notes—
Pfd.
stock,
nated
cum.
Common
stock
200,000 shs.
$20)
(par
*There
The
the
following
266,667
conversion
to
since Dec.
shares
of
•
common
privilege of the 4.40%
the
W.
sale
of
of Dec.
debentures
the
and
31,
financing
Y
'
C.
'
F.
Minority
;_!
.
stock—subsidiaries
int.
S.
in common
the
stock—subs.
150,000
150,000
Ball,
Kraus___
100,000
& Co.——
Campbell,
300,000
300,000
Corp
&
McCarty
&
tirst
300,000
of
&
Michigan
& Co.—^
300,000
1948
Total
revs.
oper.
of
the
arrangements
for
sale
of
Maintenance—
:
and
Gen.
Oper.
misc.
exp.
of
exps.
Corp.—.J
Tel.
and local
Fed.
.
5,699,245
5,009,242
3,422,685
% ,''C
202,865
199,704
—1
6,067,064
3,618,589
3,154,041
2,931,764
taxes—
profits
2,319,414
3,207,928
Int.
272,725
160,440
426,633
earnings—
$6,349,977
$4,811,476
$5,673,757
debt-
1,724,357
1,480,635
1,468,285
1,495,489
1,201,621
874,812
723,946
766,767
141,342
166,113
long-term
stocks
pfd.
on
subsidiaries
—
,
charges——
income—
96,617
91,798
49,280
414,500
$3,340,445
$2,168,158
——
$3,282,656
t_
$2,289,915
"■Equivalent to reduction in income and excess profits taxes resulting
from refunding of bonds applied as a reduction of refinancing costs.—
V.
General
See
Time
Instruments
1334.
stockholders
on
April
5
approved
change
a
(Including Statesboro Northern
1949—Month—1948
name
Ad
have
RR.
Fed.
RR.
and
The
92,263
23.883,625
23,883,625
engaged
bonds
of
in
an >
Home
$433,331
394,983
$13,427
*$49,825
$38,348
6,638
6,472
13,276
12,944
6,740
17,417
Noncp.erating
690
3,516
1,436
7,047
*$49,165
14,162
*$3,300
*$81,955
$4,849
10,728
28.433
22,553
2,139
4,024
4,150
*$16,167
*$114,412
*$21,852
1,869
4,317
stockholders
The
stock
ized,
(netUr)_
income.
income
—
2.0C2
*$65,329
s
2,020
~
*$110,095
*$17,886
income
219
215
438
430
*$63,528
*$14,513
*$110,533
*$18,317
from
169, p.
shares.
R.
Cheatham,
1451.
013,595
wholesale
President,
Founded
a
iii
distributor
millwork.
April
4
Co.—Acquisition
that
announced
as
1908,
of
Since
.
'
Col. has operated continuously as
western woods, plywood, doors and
Hilgard organization has been under the
,
,
Secretaries
of
the
authorized
4
reduction
a
of
the
capital
authorized
also
a
change in the company's charter
the number of directors
at
26 instead
of 33.
Since
into The Home of its 10 former affiliates, which was ac¬
complished last year, there have been only 26 directors and 25 of
these v/ere re-elected, Robert Goelet having resigned.
Leroy A, Lincoln,
President of the Metropolitan Life Insurance Co., was elected to the
the
merger
in
board
Goelet's
Mr.
place.—V.
Lighting
169,
p.
the
company,
definite action has
be
offered
its
report states is making studies and survey "but
been taken with respect to the type of securities
For
1949 amounts to approximately
1949-53, the company estimates
requirements at $80,000,000.
the
year,
spent
company
for gross additions to
resulting in net additions
$18 000.000
$16,600,000.—V.
totaling
property
Finance
of its 1949 cash
the sale of securities, according
plants. Retirements amounted to $1,400 000,
to
to
1949."
during
construction
Last
Co.—Plans
Securities—
construction budget for
the five-year period,
Company's
$25,000,000.
.
plans to finance a "substantial part"
company
The
to
803.
Power
&
with
company,
The
ICC
the
that
headquarters
it had begun a
U.
S.
and
P.
supplied
company
169,
p.
1226.,
Huntingdon, Pa., on April
reorganization proceeding.
at
4
District
Court
at
ICC with copies ol papers filed in the
Scranton, asking appointment of a trustee
the
reorganization plan is being worked out.
a
said it had $5,180,450 In debts, including its mortgage
bonds, and "is insolvent and without funds to discharge" these obli¬
gations.
The road operates about 86 miles of trackage in Pennsyl¬
The
company
163,
p.
'
1285.
Idaho Power Co., Boise,
Idaho—Registers With SEC—
April 5 filed a registration statement with the
shares ($100 par) 4% preferred and 200,000 shares
($20 par) common stock.
Underwriters are Blyth & Co., Inc.; Lazard
Freres
&
Co.
and
Wegener & Daly
Corp.
for the common
and
Wegener & Daly Corp. for the preferred.
Proceeds will be used.,to
on
company
SEC covering 10,000
finance
construption and repay short-term borrowings.—V. 169, p.
Indiana Harbor Belt
L.
Musick
'
who will continue
'
Net
Other
with
I
revenues
$1,947,771
1,579,955
$1,773,513
1,678,041
$3,997,195
expenses
3,246,232
$3,513,400
3,493,268
oper.
$367,816
$120,132
98,494
$95,472
116,718
$750,963
accrualsfac. rents
58,592
217,422
266,458
479,071
232,392
534,604
income
$51,900
*$287,704
$213,300
*$646,864
3,926
3,510
10,035
9,283
*$284,194
$223,335
*$637,581
fr.
tax
jt.
ry.
ry.
oper.
income
-
—
$55,826
inc._
Cr4,556
3,461
Cr440
6,711
charges—
48,283
41,769
96,568
83,896
$12,099
*$329,424
$127,207
•$728,188
income
Misc.
deducts,
Total
fixed
Net
,
oper.
&
Total
.
"
1945—2 Mos.—1948
oper.
rev.
Equip.
1334.
'
RR.—Earnings—
1948—Month—1948
Period End. Feb. 28—
Railway
Railway
,
Hilgard Lumber
southern
1S36
and Secretaries
*
$20,000,000.
to
this com¬
Lumber Co., Chicago, 111., one of the
midwest. The new acquisition
Lumber Co; Division of Georgia-Pacific
and management of
c6mpany.<—V. 169, p. -.1451.
ownership
the
on
& Lumber
lumber concerns in the
the Hilgard
Plywood & Lumber Co.
operate
April
on
stockholders
The
Net
Plywood
has purchased the Hilgard
pany
•
establishing
Railway
Georgia-Pacific
166,
"
.
formerly Assistant
pp. >1051 and 760.
!
*$14,298
income
Deductions
Co.—V.
were
the company from 4,004,000 shares, the number now author¬
4,000,000 shares and the elimination of 2,719 90/1000 issued
This entails a reduction of the company's capi.al from $20,-
of
to
3,966
■
*$63,309
Gross
Vice-Presidents
f
v
Ramsett
Mr.
Indemnity
vania.—V.
oper.
ry.
and
13,507
Ins.
1938
rents
Co.
(The) Home Insurance Co., New York—Reduces Capi¬
The
10,009,000
10,000,000
Black
Mr.
Minner are also
Mr.
Insurance
Home
The
$454,116
503,942
'
Railway oper. income
Equip, rents (net £>r)__
fac.
!
this company.
elected Secretaries of
Payne and
notified
$209,505
196,078
misc.
Unemp.
V:[
Minncr have' been elected ViceE. Black and Clarence Ramsett
and Raymond E.
Payne
Seeks Trustee—
1949—2 Mcs.—1948
Taxing Act,
of
Indemnity Co.—Officials Promoted—
A.
been
The
of
Ry.)
*$33,366
op.
accruals:
tax
valorem
to Grinnell
Grinnell is one
houses.—V. 169,
Huntingdon & Broad Top Mountain RR. & Coal Co.—
8,471
Railway
ry.
outstanding
soon
Presidents and Secretaries and Kenneth
while
-from
shipped
Islip, N. Y.
lithographic printing
be
.
Herbert
Changed, Etc.
in the
$209,149
242,515
Railway oper. revenueRailway oper. expenses.
rev.
will
plant at
series
new
requirements for construction through
to the company's annual report.
Georgia & Florida RR.—Earnings—
Period End. Feb. 28—
Net
this
Company's
country's
Home
no
will
present
p.
The
Corp. below.
of the
company
to General Time Corp.
Arnold J. Wilson, President, told
stockholders that estimated sales of the corporation for the first 12
weeks ended
March 26 were approximately
12% below those of the
corresponding period last year. .While not making any forecast as to
the future, he said that business at present is holding at about the
same levels.
Mr. Wilson reported enthusiastic trade and retail accept¬
ance
of the new models introduced this year.—V. 169, p.
1225,
29,170,628
mortgage
the
of
press
Construction by Sale of
Corp.—New Name Adopted—
General Time Instruments Corp.—Name
The
oldest
92,263
first
Houston
General Time
2,100,000
at
(
1333.
169, p.
50
width.
The
of
Other deductions—„—
Net
"compared
talization—New Director Elected—
deducts, (net)
"■Deficit.—V.
10,000,000
are
in
1,695,018
$4,941,532
on
Divs.
will
='
however,
*2,605,7-17
4,433,575
208,443
—
,
inc.
paper
offset lithograph press ever
by this corporation to a group bf
.4,697,983
tax
(net)
Misc.
V'
131,687
236,09^
4,700,761
2,936,199
5,118,232
16
Dressel, Executive Vice-President and General Sales Manager,
that
Mr.
taxes—
income
excess
5,296,385
2,477,020
6,344,903
Deprec. and amort.——
State
7,195,103
3,324,»20
General,
..
^
with any existing offset prets,
the new Hoe
revolutionary."
It is designed
to take paper
by 72 inches, print them in six colors at a rate,of
6,000 per hour, and deliver the sheets stacked and ready for ship¬
ment—all automatically.
Weighing almost 200,00J pounds, t'ae press
stands eight feet high, runs 60 feet in length and measures 14 feet
of
—
''
1945
1946
5,479,695
>
cos.-,:.—
oper.
YEARS
CALENDAR
9,064,552
4,427,117
10,716-178
Commercial
After
—
first
Arthur
Lithographic
con¬
:
corporation
the
be
$53,187,443 $44,623,342 $39,676,836 $35,306,751
11,203,679
9,402,924
7,232,786
5,396,700
—
—
FOR
1947
March
on
to
100,000
100,000
t.
'
'■
completely
:
EARNINGS
CONSOLIDATED
OF
'
lithographers.
The newly
designed press,
available
in any
combination of printing units..
is
100,000
300,000
Co
sheet-fed,
six-color,
exhibited
up
Stix & Co
——
Walling, Lerchen & Co.
300,000
Co.—
first
was
sheets
100,000
Corp.
—
''
prominent
said
—
Co.
The
built
model
Carter H. Harrison &
300,000
4,000 sharps
to Simsbury
(R.) Hoe & Co., Inc.—Announces New Press—
100,000
Co.
issue
.
"
'
100,000
_
Dain
M.
■
'i'
"
Co.
Co., Inc
J.
&
Pierce,
&
Burge
William Blair
<
said it will
issuance of securities previously were ap¬
Utilities Commission of Connecticut.—V. 169,
Public
the
by
602.
100,000
300,000
company.
with a total par value of $100,000,
related
and
merger
150,000
150,000
Financing
—
The
150,000
_%»"*-
facilities and
Connecticut
that company's outstanding capital stock wh.ch con¬
1,000 shares of $100 par value common stock.
.
■ y .
proved
p.
Co.—
Simsbury,
approved by the
the Hartford
other assets and assume all
plan,
merger
exchange for
150,000
Co.—
the
Hartford Electric
stock,
common
sists of
—
300,000
Lynch,
SUMMARY
11,925,000
consol.—
in
150,000
its
150,000
&
(
Co.—Merger Approved—
Light
all
other
the
of
application,
of
$300,000
William R. Staats Co.—
Co.
its
In
Pierce
,
Commission.' Under
acquire
will
liabilities
principal
The Milwaukee Co.—
.
$8,107,395 $12,575,712 $13,691,873
;
of the facilities of The Simsbury Electro Co. of
Power
of
1,700.000
(par $20)—corporation
NOTE—Subsidiaries
completing
and
1949—2 Mos.—1948
1949—Month—1948
$6,793,166
—
with those of The Hartford company has been
Federal
follows:
Inc.
&
Marks
M.
Weld
28,695,628
—_!
consolidated
debentures, due 1964—corporation—
preferred stock (cum.}-.„i.
stock
&
Moseley
O.
4,40 %
Common
underwriters
Rauscher,
Weeks—
Parsons
&
consolidated:
Short-term
4%
sub¬
300.000
—
——
15,600,000
—
telephone
Pacific Northwest
Fenner & Beane
$60,027,500 $64,777,500
bonds—subsidiaries consolidated
loans—subsidiaries
605,771'
191,913
1007.
169, p.
1226.
p.
merger
Conn.,
Service Corp.
Merrill, Turben &
Co.,
Langley & Co
Merrill
-Outstanding
Dec. 31,'48
Long-term
and
1948,
3,164,872
Hartford' Electric
A
of
Surplus applic. to int.
as
t
Preferred
the
preferred stock.
-
Bank
&
———
Laurence
Jt.
against
stock
169,
Maynard H. Murch&Co.
700,000
650,000
Baird
Hornblower
1948.1
31,
.
First mtge.
of
and
stock
Co.
650,000
Graham,
table shows the funded debt and capital stock of the
effect
giving
summated
entire
the
of
1,194,181 shs.
*3,000,000 shs.
_
and its subsidiaries consolidated
corporation
after
reserved
are
the
owns
states
Vermont
Dean Witter & Co
Bosworth, Sullivan & Co.
Republic Co.
Act
None
3,728,895
income.
-
_
—V.
Kebbon, McCormick &
—
(Inc.)
.V
None
200,000 shs.
3,000,000
$50200,000 shs.
•967,826
*4,185,565
23,437,250
4,108,165
1,584,666
24,634,197
railway-
smaller
nine
the
—
1937
not desig-
$50),
(par
in
300,000
Net
exercise of
Inc.-
Co.,
W.
Central
$10,000,000
-1
(par
cum.
series
to
as
of
cases,
Pennsylvania,
certain
as
1,200,000
Inc.
FINANCING !
Outstanding
27,935,071
(H. L.) Green Co., Inc.—March Sales Declined 16.2%—
Sales
■
Robert
Fed.
$10,000,000
debentures due 1964
2%
stock,
'
Peabody & Co._
Kidder,
"
-
GIVING
4%
pfd.
three
the
are
—_.$1,200,000
companies.
the
other
28,500
25,297,857
-
Period End. Mar. 31—
Kansas.
telephones
and
of
names
Jackson
Corp
Blyth
to be
$5,513,000
.Authorized
4.40%
and
General Telephone
of
Stone & Webster Securi-
the amount of $2,300,000,
general corporate purposes.
CAPITALIZATION
Co.,
stock
in
York,
corporation
purchased by each
& Curtis-!
such temporary advances to the
equities of the subsidiaries and
•2,346,548
railway
from
from
19,050
32,405
New
the
Directory
entire
advances have been
This pattern
such
1946
1,737,295
545,432
1—
Ty; oper.
or
followed in the case of some of the other subsidiaries.
will apply the net proceeds from the sale of the
in
making such additional investments in common
subsidiaries,
of
of
those
by
made
amounted
advances
$4,950,000
loans
already
advances
1,669,522
•656,762
Income.
oper.
•Deficit.—V.
gross
The
1947
1948
$12,206,309 $13,228,287 $11,813,373 $11,019,865
_
1,464,257
294,731
Net
36,430
Mont._l
1949
railway—
Net
67,603
companies
operating
engaged in large construction programs requiring
new capital.
It is estimated that these con¬
of
amounts
will involve aggregate gross
expenditures of approximately $42,300,000 for additions to plant and
that these expend.tures will result in net plant additions of approxi¬
mately, $31,200,000.
Such construction consists principally of replace¬
ments, improvements and extensions of present facilities and include
the conversion from manual to dial operation of many exchanges.
struction
be
Webber,
"Special
PROCEEDS—The
OF
of the corporation are
ry.
Gross
indirectly the 'entire outstanding
or
minorities
(serving
Indiana,
addition,
General
Net
corporation, in whole or in part, on at least 30 days' notice, at 105.25%
beiore April
1, 1950 and thereafter at decreasing redemption prices,
in each case "with accrued interest.
Also redeemable, commencing in
1949—3 Mos.—1948
$7,006,452 $16,512,007 $14,801,523
.
railway
From Jan.
69^376
Telephone Co.,'Kentucky
corporation
stock,
interest.
102.25 and accrued
Net
26,355
Ashland Home
Federal
Offered—Paine,
General Telephone Corp.—Debentures
from
86,386
__
from
Net
105,199
Indiana
Lexington Telephone Co., Kentucky
Traffic
The offer by
1949—Month—1948
$6,926*065
———
1226.
p.
33,208
White,
shares
..
Great Northern Ry.—Earnings—
Gross
127,862
Upstate Telephone Corp. of New York, New York__
the stock to its GPU stockholders.
dealer-manager
a
Brothers,
Lehman
Corp.,
Fenner &
Pierce
to
stock.
Corp.' common
Gas
&
recent offering of
a
169,
February—
323,603
____
Interstate Telephone Co., Idaho, Washington and
Shields
Sells New York State Electric & Gas Holdings—
The
corporation has announced the sale of 92,356 shares of
York
;
—V.
69,814
sale
its
Sales
Telephones
—
Michigan Associated Telephone Co., Ohio
Ohio Associated Telephone Co., Ohio
^Southwestern Associated Telephone Co
Co.
corporation has advised the SEC that it proposes to pay, from
The
/
Period End. Mar. 31—
31, 1948,
company-owned
76,054
hearing thereon.
the
of
Wisconsin
Lee Higginson
April
until
-
number
Pennsylvania—
Telephone Co.;
Mitchum, Tully & Co.—
at
1949—3 Mos.—1948
$16,484,196 $13,661,204 $41,731,025 $43,724,149
1114.
p.
Grayson-Robinson Stores, Inc.—March Sales—
of telephone equip¬
Co., Illinois
Indiana Associated Telephone Corp.,
Commonwealth
169,
-
Illinois Commercial Telephone
Pennsylvania
1949—Month—1948
tl
1—
—V.
company
State Electric & Gas Corp. Stock Not Subscribed For—
The
corporation has requested SEC authorization to sell through
a
group of participating dealers such of the
787,644 shares of New
York State Electric & Gas Corp. common stock as are not purchased
by GPU
sub¬
Co.-owned
■
Sell New York
To
—
(W. T.) Grant Co.—March Sales Declined 11.67%—
Period End. Mar. 31—
Sales
The North Electric
in
Company—Operating in— •
'
*
Associated Telephone Co., Ltd., California
UNDERWRITERS—The
Utilities
Public
General
the
telephones are as follows:
sidiaries
service, the last 17 as head of the new devices section.—V.
years'
p.
GM's
of
>,
Dumville,
succeeds
director
as
■
the appointment of
devices section, effective
announced
President on March 31
Wilson,
C.
Harry
April
in
states
repay
21
The major subsidiary telephone operating companies at Dec.
the
'Texas, Oklahoma, New Mexico, Louisiana
Appointment—
to
telephone directory com¬
a
Corporation has minority stock interests
pany.
used
controlling
Manufacturing Co.; of Gallon, O., a manufacturer
ment, and in five smalltelephone companies.
the
reduced
be
*
-
reported to have recently issued one adldtionai share
of capital stock for each three shares held.—V. 155, p. 1213.
organized in New York
was
Stock Distribution—
5
.The company is
to General Telephone Corp.
AND BUSINESS—Corporation
scope of acetylene reactions but by the development of new processes
and the installation of extensive instrumentation with remote controls,
-
Globe Hoist Co.—33%%
of
value
par
(1561)
face
aggregate
an
aggregate
an
proceeds
the
of
Part
"HISTORY
Pilot
new
of
and
$400,000
$2,000,000.
produced.
its
In
of
CHRONICLE
,
v The first plant of its kind in the United States was opened to inspec¬
tion
face: value
aggregate
value
•"
"
cated—•
.
FINANCIAL
&
fr.
income
•Deficit.—V.
-
169,
p.
1114.
THE
(1562)
6
SEC
covering
City
buy
Trust
to
w4H be used to
owned by Union
Corp., Indianapolis, Ind.
Proceeds
1,864
shares of common stock now
about
bonds of the debtor held by
claim by July 1, 1948, so as
claims with respect to certain
equities alleged in favor of the debtor's estate, <such as the question
on
Securities
•
templating Curtailment of Production
Earnings at Lower Rate—
*
f
that
and
production.
of
the
til
,
plant.-—V.
(Ohio)
he
war,
169,
1334.
p.
to
proceedings
•.
the
continent,
American
the
disinterested
required
will
„
;
.J
,
•
-
District
8.
petition
,
by Chapter
reorganization
for
Feb.
on
filing
the
mortgages
The
accrued
and
bonds
Institute
the
of
trustee
w.th
unpaid
tive
the
bonds
new
in
at
the
rate
until
$10,000,000.
of
in
Vic
and
1,
1,
Jan.
per
per
1977.
security,
as
the
per
present
surrender
There
of
thereafter
extent
securities
the
added
the
to
and
1952
each
to
interest
the
all
the
(
debtor
redemption
at
such
that
The
be, in the
which
;
*
such
trustee
the
for
will
market
securities
with
accrued
with
amount
purchase the
prices
at
at
the
which
time
whom
and
for
what
reorganization.securities
debtor
be
can
debtor
shall
be
it
proposal,
bought.
the
it
bonds
of
The
60%
*
*-
deems
to
new
the
as
be
the
retirement
thereof,
be
be
may
of
the
of
the
to
be
mortgage remaining
the
as
security
V.
under
may
coupons
maturing prior
coupons
of
proximately
all
interest
$10,958,000,
series,
on
the
mature
coupons
will
be
be
made,
other
in
carrying
of
the
fund
shall,
of
out
the extent
on
and
to
Jan.
1,
bonds
1947
prior
calculated
thereto,
and
in
to
Jan.
amounting
cancelled
date.
1,
1947
to
of
against
proposal, in effect, covers $18,609,000 face amount of all series
of the debtor's bonds, of which $2,523,000 are in the
treasury of. the
debtor, with interest of $8,032,090 to Jan. 1, 1947, or a total of
$26,641,090.
the
approval
of
officials
of
the
Italian
Treasury and the Institute. They have indicated, however, that before
formalizing it they wish to ascertain that the proposal is not con¬
trary to any of the Italian Government's commitments to the United
(States.,
The
proposal contains only an outline of its basic terms,
soon
8.
the
practicable
as
proposal,
terested
V.
and
District
Institute
to
and
trustee
Italian
it
and
Court,
and Edison
purchase
force
bonds
of
of Italian
As
ft,
the
has
or
by
Dec.
may
agree
and
except
debtor
the
1,
in
agree
formal
a
upon
trustee,
1949.
good
1
undertaking
acceptance
with
the
such
or
to
by
date
as
out
carry
disin¬
the
approval
later
and
of
the
the
as
in
the
interest
as
long
Italian
not
to
as the proposal remains in
Government may purchase
blocked in
coupons
agree
foreign accounts
of
been
owned
by
applications
enjoined
it
or
heretofore
from
interests
face
made
disposing of
directly
amount
of
or
the
the
oonds
District
of
the
such
of
and
U.
S.
District
Government
or
Court
any
had
also
debtor's
in
heretofore
bond.?
of its agencies
or
directed
held
subdivisions
Edison,
a
and
the
anyone
has
1949
169,
696
in
stores
1228.
p.
1949—4 Wks.—1948
of
1949
last
In
stores
2,306,
was
year.—V.
compared
RESULTS
the four weeks
2,481 stores during
with
1228.
p.
'
during
Y,
•
*
FOR
MONTHS
8
ENDED
JAN.
last
income
-Y
There
based
are
method
figures
for
$2.06
—
of
determining
the
in-
of
eight months ended Jan. 31,
1943 were
XAfter payment of dividends on the 4Va% preferred stocks.
$33,638,863.
NOTE—The
eight
months
the
for
corporation
its
and
closing from May 31
year
Lifo
the
on
comparative
no
are
+Sales
year.
fiscal
717,100
$1,225,895
:
share on 576.081 shares of common stock
earnings
1.942,995
——
taxes——_——
profit after all charges and taxes.—.
per
1949
31,
*$36,104,543
Federal
for
"These
subsidiary
'
;
$183 395,066
$190,380,906
operation
169,
'
1949—12 Wks.—1948
$62,796,177
subsidiaries
31.-—V.
to Jan.
have
169,
changed
their
1228.
p.
of
Assets
Lansing Stamping Co.—Earned 48(?
the
$160,248,000
in
G.
through
18
have
its
for
servicing
was
investment
F.
President,
Conway,
a
good
volume
another
good
...
.
,
in
Y-.
/
books
our
on
material
raw
situation
Y
'
after
profit
conditions
Y-
..
Y
,
YEARS
1943
.
Not
stated, "We
a
backlog
as
and
Y
-
CALENDAR
FOR
1947
1946
;
$144,011
"'$129,073
$101,323
$0.48
taxes.:
$0.43
$0.34
-Earnings per share
""Also after
—V.
167,
extra
an
provision for replacement of facilities of $50,000.
Y
.
»
Y Y
.' ;
1695.
p.
.
V*
with
the
of
SEC
,■
cov¬
William
2687.
p.
E.
Mr.
Russell,
Fromkes,
Harry
Operations to Michigan
closing the
.
■
Lawyers Mortgage Corp., N. Y.—New President—
$104,012,500
167,
was
the
Share in 1948—■
a
stockholders
to
•
?i
the'.amount
if
RESULTS
Registers With
,
of
year
generally improve."
manager,
in his report
unfilled orders
Fromkes,
Marston
Russell
President
of
Chairman
election
is
Denner
member
a
the
board, announced
Lorimer Denner, as
and
fills
the
law
the
election
Vice-Pres,
a
the
vacancy caused by the death
August, is one of the founders of, and former
Insurance Co.
\
/
Yi
last
City Title
manu¬
Mr.
of
President,
as
whose
of
firm, of
Groehl
Egginton,
Denner,.,and Is the attorney for the corporation.—V.
169,
&
6C4.
p.
savings to the company
produce the Coca-Ccla vending
v
to
laundry in these plants along witn
produced, the company said.—
Lehigh & Hudson River Ry.- -Earnings—
statement mailed April 6, to its 12,000
proposed employee stock purchase plan to
a
growth
meeting
be
price
eligible
that
voluntary
a
on
date
the
on
the
of
basis
purchase
to
and
time
from
the
plan
outstanding
the
other
1948
1947
1946
$298,520
$288,769
$215,912
96,582
104,610
73,352
railway
income.—
from
Net
from
ry.
—V,
-
34,261
37,557
27,537
—
469,883
552,048
566,158
416,438
105.680
127,505
193,250
131,136
income—.
220,039
21,747
69,204
45,177
1—
railway
railway.—.
oper.
169,
\
9,991
oper.
p.
1008.
to
no
salaried
5%
The
total
the
of
shares
in
the
amount
of
sold to
and
stock
common
$1,000
approval
by
ICC?
the
of
the
interim
scheduled
to
mateur
Substantially
before
the
maturity
which
Y*
bonds
of, the
amounts
board
of
di¬
employee
or
of
June
to
1,
the
due.
required
As
become
a
75%
on
agreed
to
the
extension
the interim extension of the
bonds, including those for
result,
effective
received.—V.
not
were
1949.
1,
than
fell
has
date
assents
April
more
all
169,
1453.
p.
Lerner Stores Corp.—March Sales Declined
officers and employees in
committee
extension
1950, of the maturity date of the bonds of its subsidiary, Pennsylvania
New York Canal & RR. Co. bonds has been received by the Lehigh
Valley
RR.,
C.
A.
Major,
President, announced.
The
bonds
were
&
out¬
may
purchase more than 100
salary at the time of purchase, ,nor will
portion of the purchase price of the stock bought by any
be permitted to exceed his maximum annual salary, accord¬
each
Formal
and
total
(presently
2,906,062
shares),
excluding
The corporation stated that it con¬
■
officer
officers)
subsidiaries.
not exceed
may
non-participating
a
are
Lehigh Valley RR.—Extension of Bonds—
buy the
for it
plan.
increase
be offered
by
for
Gross
pay
years.
may,
*
may
ry.
Net
May 13.
shareholders
on
notified
plan was
employees" to stimulate their interest
development of the corporation."
About
and
would
under
no
from
From Jan.
proxy
annual
1949
$212,428
from
Net
iY
railway.—46,910
February—
Gross
incentive to spur
stock,
but
shares
his
1949—Month—1948
Period End. Mar. 31—
Sales—.
—V.
169,
$9,225,672
p.
'
1228.
/
18%—
1949—2 Mos.-1948
$11,260,036 $16,157,717
$17,739,528
Y
the unpaid
employee
ing to the proxy statement.—V.
169,
p.
>
Kansas-Nebraska
;
Natural
Gas
Co.—Preferred
Stock
Offered—Cruttenden & Co. and The First Trust Co. of
Lincoln, Neb., are offering 2,900 shares of $5 cumulative
preferred stock (no par) at $102 per share. Associated
in
the offering are Estes &
Co., Beecroft, Cole & Co.,
Rauscher, Pierce & Co., and Harold E. Wood & Co.
Proceeds will be
additions,
used
to
Liggett & Myers Tobacco Co.—Ruling
700.
The
v.
discharge indebtedness and
pay
the
rights
Asks
FPC
.
The
company,
authorize
increase
'of gas
to
Authorize
of
on
March
construction
of
24
asked
additional
the
Federal
natural
gas
Power
Commission
facilities
which
to
would
capacity of the company's, system to 140,000,000 cu. ft.
day. Estimated cost of the project is $2,562,508.
said it would finance this and other 1949 construction
capital
p.
SEC
hearing
and
cash
from
operations,
the
application
adds.—
p.
be
has
given
Co.—Hearing
interested
persons
until
for
share
one
Reassignment of
announced
Manager,
quoted
delivered
ex-
after
Y
■
each
four
held.—V.
169,
p.
1335.
for
April
revealed
who
Corp.—Changes in Personnel—
key commercial sales personnel in
on
5
that
April
14
to
request
a
construction
and
other
corporate
>
purposes—V.
m.-'W
169,
this
Y
corporation
by Leonard K. Schwartz, General Sales
the General Sales Manager's office in
Burbank, Calif., will administer directly the functions of both domestic
and export sales formerly handled by separate divisions.
"
P. K. Yost, Jr., formerly Domestic Sales Manager in Burbank, Has
been
appointed Assistant General Sales Manager, with headquarters
-
in
the
sible
Chrysler Building, New York City, where he will also be respon¬
for
activities
Manager.
R.
addition
ment
Financing—
on
upon
used
1452.
not
upon
previously
H. Askew,
of
Africa
to
James
and
these
E.
the
with
headquarters
past
two
for
the
John
years,
Charles
at
Mr,
Babb
with
the
Hotel
Boyce
Eastern
District
Sale's
Manager, has been named
India and the Far East.
Schwartz
Sales
announced
the
Representative
East, succeeding the late
Austin F. E.
for
appoint¬
Europe,
Maclnerny,
Geneva, Switzerland. For the
Director of European Operations
Desbergues,
has
been
Co.
Wagner continues
America,
Mr,
Lockheed
as
to
Sales
for Australasia,
changes,
Boyce
Near
assigned
former Export
Lockheed Sales Representative
1115.
the bond financing proposal of the company as previously
reported,
the proposal covers $10,000,000 of
30-year first mortgage
bonds, to be offered for sale at competitive bidding. Proceeds are
to
of
extent
was.
Kansas Power & Light
The
Rights—
be
effective registration under the Securities Act of
1933, and the making of an offer by the company, the common stock¬
holders of record April 13 shall have the right to subscribe on or be'fore
April 29,
1949 for additional common stock, par $25, to the
Contingent
Additional
company
169,
stock
common
and that all certificates
accompanied by due-bills.
must be
Lockheed Aircraft
Construction
from proceeds of the sale of $333,200 in
preferred stock and $2,900,000
'in first mortgage bonds. Other neoessary funds would be taken from
V.
the
notice
further
1949,
13,
that
for property
total
per
working
until
April
made,
being
on
directed that subject to
N^w York Stock Exchange on April 5
offering
etc.
Facilities—
Court,
with
March,
of
:
ventories.
to
being
now
Chairman,
under
issued
rectors,
debtor
indirectly associated
month
:-/■
In
to
any
1949—TMos.—1948
$55,505,026 $59,344,175
considerable
economical
in a
the
of
issuable
The
Government also
26,
period
^Earnings
to
Corp,—Employees' Stock Plan—
market
period
Stock
but Edison,
faith
custodial account by the National City Bank.
Italian
at
an
the
determined
to.
Italian
debtor
that
and
including $1,250,000
The
certificates
more
standing.
nationals.
result
a
Edison
held
effect
into
conditioned
Indenture
bonds of the
any
and
enter
is
the
Edison, the Institute
Government
earner,
year
a
\
Lane Bryant, Inc.—Earned $2.06 per Common Share—
•V',.
-
the Institute
said
As
"...
Launderall home
employees
templated
a
approximately
or
March
same
descrip¬
more
company
Canada,
registration 'Statement
result
submitted
directors
shares
ap¬
The
with
name
names
V
further
a
stock
10,750
said
the
number
research
designated officers (including directors who
key employees of the corporation and its
certain
and
to
lire
on
time, within. 10 years from the
date the plan becomes operative, authorize the issuance and sale of
reacquired or unissued (no par) common stock of the corporation to
of
obligation
$9,880,000.
has met
mortgages.
extensive
a
products
Brown,
as
at
The
outstanding
proposal,
maturing
turned
is
the
upon
key
over
purposes.
to
Edison's
during
Sales
department for use of
affiliated companies which, as of Dec. 31,
than $219,000,000 of investment securities.—
its
value
$15.97
$24,423,479
uncnanged from a year ago.—V.
average
".ended
Secretary of
Yy •
Y, ;/>
>
the
1452.
H.
the
300
/stock
by Edison,
proposal
and
March 31 announced that it
on
it
as
proposed
the
that
-
-/•.'•'
March
on
the
offering price $116.401,588.—V.
should
and
voted
the
this
prior
of
corporation,
Lewis
simultaneous cancellation of new bonds in this amount, less $1,000,000
And the cash distribution paid on some of these bonds in the
reorganization proceedings prior to their acquisition
The
in
States
Jacobs Co.- -Transfers
stockholders,
for
indicate
or
'
of
p.
The
of
sinking
interest
series
aggregate
move
169,
of
bonds
interest
with
United
filecl
as^et
1949—Month—1948
-
$64,600,071
The
would
corporation
effective
$580,000.
of
excess
V,
has
outstanding ipper sharo
shares
against
Kroger Co.—Current Sales 3% Higher—
Net
Edison
and
agencies
of
the
Italian
Government
own
or
hold
$7,641,000 face amount of all series of the debtor's bonds with 84,910
attached
time,
more
of
net
The
1949,
28,
i
Period End. Mar. 26—
its
on
the
-.
the
with
by
the
'
automotive
of
retirement
detached
.
the
bonds
or
$9,363,128
became
$283,630,000, compared to
the mortgage department
$332,000,000
company
Inasmuch
the
properties encumbered by said mortgage shall be released as the
mortgage obligation of Edison is reduced first by one-third and there¬
after by two-thirds.
where
in
assets
the
2.075,477,
Feb.
,
were
in
rep¬
.
of the
These securities,
this
"."■"•:Y"Y
with
28.
Kresge Co.—March Sales Decreased 16.3%—-
company
Net
make the
251.
dive
^This
their
are
to
on
number
"Net profit after depreciation and interest—
performed
confusion
V
50,851.
Feb.
on
the figure of $29,436,823 on Feb.
over
the
$20,419,395
Provision
meeting held
name
to
were
Fund
1008.
p.
operation,
facturing operations performed in its Indianapolis, Ind., and Louis¬
ville, Ky., divisions and transferring these operations to its Detroit
and Traverse City, Mich.,
plants.
'
reorganization
proposal
acquired for
Institute Edison
deemed
a
new
services
j
machines
case
may
1.843,432
Period End. Mar. 31-—
..
of
time
the
contemplation
debtor
the
change
and
same
company
The
bonds
lowest
the
period
$14.91
to
169,
The
Plants—
the
to
J 2-month
irom
(S. S.)
'
of
change
.'..YY
■
the
managing
p.
(F. L.)
securities
bonds
new
proceedings
plan
no
attached
.
or
—V.
of
'
•.
for
or
bought. Edison
these
at
the
of
K1
parties
YYs'Y Y~
name
This
p.
values on
"
the
amounted
by Dec. 15, 1949, The
the Chase National Bank
special
the
filing
for
offices
(Maximum
bonds
new
interest
bonds
advised
is
it
in
event
consummated
is
The
ering
$1,507,764
the
for
$30,944,587
Sales
YY";
Inc.
Johns-Manville
'
1
interest
accrued
new
be
can
prices
issued
In
to-change
alone
the
was
*
adjourned
an
company has built an
own and subsidiary and
168,
of
of
;
,
of
to the indenture trustee, at the time sinking fund payments
from
$8,450,206
1227.
p.
Keystone Funds at market
1949—2 Mos„—1948
Investors Syndicate of America, Inc.
the
upon
crcased
with
$2,400,000
169,
Services,
31, 1948,
had combined
SEC—
includ-
agencies
and
purchase
plan of reorganization of the debtor,
a
open
such
principal
V.
at
of Dec.
1948,
purchases cannot be made.
indenture
issued under
,
its
sinking
new
to bo cancelled
Edison
by
used
be
at or below the principal amount
extent
r
the
new
at
fund,
i
will
interested
II
$167,491,500, compared with $158,742,000
The number of shareholders of the 10
to
1948.
of
increase of
an
During
notices
other
connection
the
of
29,
assets
1940.
29,
asset3
amounted
Feb.
on
net
resents
'
proposal
to
through
1949
159. p. 2522.
as
■ V- '. .
■' ■
the corporation and its".subsidiary and affiliated
At
until
rate
semi-annual
on
the operation of the sinking
of
be
the
at
Government.
Sinking fund payments
the
amounts
Co.—V.
of
companies.
approximately
and Edison
will
thereafter
the amount of new bonds
on
equal
possibility
any
principal
j
in
and
1957
be
equal
through
in
functions
concern
approximately
other Edison
of
and
the
others,
plan of reorganiza¬
a
$5,550,003
of
amount
Minnesota.
1940.
to
annum
per
total amount of the
The
to
commence
will
amount
an
retired
ing the interest
2%
annum
mortgages,
until
annum
annum.
payment
1950,
guaranteed by the Italian Government,
of
one
theretofore
Italian
1952
effect,
$300,000
$600,000
fund
1,;
fund payments will
Sinking
rate
until
l'!t
all
in
coupons
will be surrendered and cancelled,
mortgages
j
interest
bonds oh Jan.
be fully
will
continue
of
Jan.
maturity of the
bonds
and
$4,776,174
Trust
the
reasons
the
affiliated
As
of
amount
net
bonds
and
act
construction for the years
of
expenditures of $10,659,000.—V.
February of this year reached a new record total of
Total
McNulty & Augelli, counsel for the
Exchange Place, Jersey C.ty, N. J.—V. 169,
Syndicate below.
with
companies
date after the delivery
the closing
on
Act,
said
and
net
1949,
funds in
Syndicate—Changes Name—
parent
plan
a
by
1949—Month—1948
issued
proposal
a
of
of
and
amount of approximately $26,to the
accrued to Jan. 1, 1947. This
an
thereon
reduced
a
the
thereafter
'Will
to
for
credit
interest
.
provided
be
Diversified
30
remove
of the obligation owed by Edisdn
interest
will be
bonds
of
in
'be
may
as
Bankruptcy
required
holders
28,
leported
.
Corp. based upon the
has been filed notice of
plan
a
concerning
1
at
total
stockholders
State
approximately $16,700,000, oy
of the debtor, which will
be turned in for cancellation by Edison and agencies of the Italian
Government. The new bonds will be dated Jan. 1, 1947, and will bear
of
a
.
debtor,
covering the principal
amount
-
otherwise
bonds)
(new
the
Investors
March
Institute),
an
separate series of
a
Series"
Edison
"Institute
or
reorganization of the
debtor
;
the
called
Indenture
641,000
„
in
Manufacturers
The
(The
Institute,
will issue
Government,
sucn
of re¬
Milton,
_____
Investors
,
Credit
Utility
the "Italian
of
appiy
plan
a
1114.
would
Major
further checki:
Public
Italian
The
agency
-
issued
See
1948, amounting to more than $28,000,000.
subject to
Combined
Feb.
•
all security
company's program
Keystone Custodian Funds, Inc.—Assets Higher—
,
'
any
Secur.ties
such
to
construction purposes; and the balance
funds to be used for additional capital
for
treasury
involves estimated
CONSOLIDATED
proposal, in summary, is as follows
are
the
upon
Investors Diversified Shares, Inc.—New Name—
(all figures set forth in the
proposal and in the following summary have been supplied by Edison
The
the
as
to
file
company
notes
last
the date of the trustee's
indebtedness to
said
interest on
report, May 31,
of
Edison
eliminate
has asked SEC permission to borrow $1,900,000
3% collateral promissory notes.
•>;
These notes, which would mature on or before June
30, 1950,
Italy
three
The
■
indebtedness
Edison
on
of
with
trustee,
p.
approved
and
When
information
;—j
169,
Investors
bonds
separate
claims
of
to
as
and
prepare
to
; Sales
properties
three
so
added
be
1952
Interstate Power Co.—To Borrow—
voluntary
a
Edison's
1941.
24,
of
X
to
Power
be given
given
communicate
Sales
Corp.—Italian Company
since
Jersey
will
Interstate Department Stores, Inc.—March Sales—
be
New
be
further
held by Bankers Trust Co., indenture trustee, as security for
series of the debtor's
outstanding bonds, the principal and
of
consists
in
in
Court
it
•
*
indebtedness.
intends
Period End. Mar. 31—
Proposes Settlement of Its Indebtedness—
John J. Murphy, disinterested trustee of the corporation/announced
April 6 that he has received a proposal from Societa Edison of Milan,
Italy
<Edisont for the settlement of its indebtedness to International
corporation, (the debtori, which is presently in reorganization in the,
If.
the
,
rand
t
by
borrowings
representing
against
700.
p.
.
International Power Securities
f
estate
*y >
SEC
with/ the
statement
registration
a
at
presently pending
are
claims
approval, coniirmation and consummat.on of
—V.
"
above.
will
thereon
thereafter
For
ing capital.—V. 165, p. 2415.
►
the
tion.
its work¬
will use the proceeds of the loan to increase
Edison's
forth
set
hearing
the
t
The company
of
trustee
proposal
a
m.ay
Canada.
owned
or
of" International
milling companies on the North
mills in the United States and
largest
operates flour
of
one
held
organization
York.
negotiated by Kidder, Peabody & Co., New
debtor
the reduction
to
Tne
<'
.
of
bonds
bonds
placement of $3,500,000 3% notes due 1969 tias
been arranged by the company with a group of institu¬
tional investors.
The sale, it was announced April 4,
International,
bar
to
the
determine
to
and
of
Applicat.ons
such claims.
agencies
rights
sale
expenditures.
claims in these proceedings
any
the
of
rights thereon in the debtor's free assets and any right
Private
was
-
,
v
Notes Placed Privately-
—
file
to
determination
Government
disinterested
International Milling: Co.
i
the
to
A.;r
filed
has
company
competitive bidding of $10,000,000 of fir.it mort¬
gage bonds, series due 1979. Net proceeds of the financing are to bo
applied, in part, to prepay $5,500,000 of bank notes due Dec. 31, 1950,"
incident to these matters, the cash
an
reorganization
the
the
industry, Mr. Kline added, there has been no change in the -basic
prices
for
continuous
filament
viscose yarns.
Industrial Rayon
chaiges a premium for its continuous process textile yarns.
.
Fiist quarter earnings, he said, would be somewhat lower than for
the comparable period last year, as a result of a power plan break¬
down which caused the loss of nearly one week s production At the
Painesville
claims
The
propping die
f
U. S.
refused
and
permit
with respect
Edison
Italian
,
'
~
aforesaid
public
Oi
'
said, demand for knitted
"Underwear fabric produced at the Covington, (Va.) plant has returned
to the seasonal pattern characteristic oi prewar mantels.
The Coving¬
ton plant is producing yarn at capacity and is manufacturing fabric
for current sales and for inventory in anticipation of luture business.
While
there has
been
some
readjustment of prices in the • rayon
the
since
to claims
filed by agencies of the Italian Government, but
were
failed
has
to
as
so
is not contemplating curtail¬
company
•
time
lirst
the
For
,
B.
products
rayon
ciarni
limitation of the
or
the
the
to
by order of
Proofs of claim
Edison
Kline, President, on March 30 told stockholders at the
annual
meeting
that there has net been any material decline
in
demand
for the company's
continuous process textile yarns or tire
Hayden
such
any
Kentucky & West Virginia Power Co., Inc.—Registers
with sec—
_
•*
bondholders in these proceedings have been
District Court on bonds of the debtor
held by agencies of the Italian Government and by Edison.
withheld
First Quarter
—
made
distribution
Not Con¬
—
of
therefor. As
consideration paid
Ohio
Rayon Corp., Cleveland,
bonds
the
"bondholders of the debtor
*
ment
of
subordination
Monday, April 11, 1949
v
these
determination of
the
permit
oi
Co.
Industrial
CHRONICLE
any interest whatsoever in the
National City Bank to file proofs of
the
March 30 filed a letter of notification with the
$300,000 5%
sinking fund debentures.
Underwriter,
company
&. FINANCIAL
having
,
Co.—Files—
Indianapolis <Ind.) Paint & Color
The
.
COMMERCIAL
as
Lockheed Sales Representative
York.—V. 169, pp. 1228
headquarters in New
for
South
and 1115.
Volume 169.
Number 4793
THE
Long Island Lighting Co. — SEC Denies Committee's
Request to Solicit Contributions from Stockholders—
In
a
decision
a
common
announced
stockholders
contributions
from
April
the
1,
protective
stockholders
SEC
denied
committee
to
help
for
the
of
tional
The
B.
In
of
committee
F.
Grizzle.
is
composed of J. Donald
Pursuant
authorizations from
stock
to
to
2,081
represent
said
previous
a
holders
of
SEC
The Committee's
tions of
5
cents
in
for authorization
request
its
the
in
the
of
"Th
s
lists;
proceedings
fees
they
the
of
the
opinion,
the
aw^it
the
at
ances
has
of
committees
their
assistance
committees,"
to
beneficial
been
Our
the
light
of
nature
of
the
services
us
exploration
by
extent
procedure
services
Commission
to
is
of
of
to
all
the
the
pass
the
reorganization
participation
requiring
that
contribution
for
of
re¬
allow¬
security
evaluated
and
can
This
and
justified
is
in
affords.
Moreover,
we' believe
is
it
quirement
tending, to
which
constructive
limit
security
holder
representatives
formal
nature. ''
"*
'
of
Merck
and the
1948
"A"
was
$400,000 maturing
redeemed
were
June
on
Massey-Harris
1,
and
1949
Nov.
on
yearly
and
1968
l,
with
thereafter of
which has been
the
in
meeting of
a
number
the number of such
It
wait
an
also
provides
authorized
of
further shares through
that
the
assets
or
the med
acquired
shares
of
um
which
future
CONSOLIDATED
INCOME
the
"
own
reached
to
of
defer
1949,
between
voting
Hirsch
34,'545
the
before
&
Co.
shares
of
management
and
an
oppos¬
three
weeks, in which time
proxies from cus¬
Merritt-Chapman common stock,
for
will
preferred stock,
re-solicit
the
about 11%
or
announcement,
of the outstanding
representatives
before
two-hour
In
4
annual
U"til
Its
*
April
suit
of
owned
ACCOUNT
for the Year Ended Aug. 31, 1948 and 1947)
been
group
firm
shares of
owner
'■
of
the
April
desirable.
.
The
Research,
first-quarter
stock.
Court
the
meeting
which
the
at
4
p.m.
on
>
common
stock,
adjourned
was
5,
Merritt-Chapman
alleged
that
Hirsch
&
Co.,
record
shares,
delayed mailing to its customers who
material that had been sent out by manage-r
proxy
ment.
(Canada, United States, JJnited Kingdom and South Africa for the Year
Ended Nov, 30, 1948 and 1947; South America and New Zealand
re¬
mis-
for
of
management
independent stockholder group had met in the Federal District
Judge Sylvester J. Ryan where it was agreed that the
company would discontinue its "suit,
brought on April 2, for an in-f
junction to restrain Hirsch & Co. from voting the 34,545 shares at
and
capital may be
conditions make
and
who
10
Shortly
to
additional
plants
brokerage
tomers
now
outstanding as a result of
increasing the authorized common
should
of
and additions to pla(nt
approximately $1,900,000
construction and equipment projects, and it is esti¬
had
stockholder
voting
;share capital of the company from
2,000,000 to 2,500,000 shares.. While
the financial resources of the
comoany are adeouate for current opera¬
tions, such increase w 11 give greater
flex'bility and make available
obtained
antibiotic
stockholders reconvened
on
April
5,
but after a 45-minute
meeting was adjourned at 2:45 p.m. until April 25.
adjournment followed announcement by company counsel that
agreement
and
shares
for
Therapeutic
the
on
ing
provides for
preference
for
During
the
passed by the directors
the, stockholders
additional
the
The
for
at
include
& Scott Corp.—Drops Suit—Broker¬
House to Re-Solicit Proxies—
The
.
officers
company
1949
Merritt-Chapman
share basis.
Under the plan established
and employees of the company and
rights to purchase common shares, 18,914
issued during the year.
the
Institute
expended
age
sold
were
of
in
pre¬
$400,000.
161,200 preference shares outstanding which
share
a
completed
a
building to house the production
preparations, additional laboratory space
mated
that
approximately
$5,600,000
remains
to
be
expended
on
-.projects authorized at March 31, 1949. It is also presently
contemplated
that additional sums will be
expended during 1949 and 1950 on othei:
projects not yet authorized.—V. 169, p. 1335.
1
'
1,
Co., Racine, Wis., nego¬
promissory note bearing
its
on
maturing
largely
facilities,
organic
.facilities.
preference shares, being thdfcbalance entitled
of iy2
common for each preference share,
certain
were
decrease
,.
in
expansion
basis
considered
activties
to
on
"SS"
be
conversions.
in
salutary
a
1,
series
$10,000,000
Nov.
96,585
which
coincide .with
of
adequate compensation for
constructive
jurisdiction to award compensation .out of the re-
our
The
of
annum,
the
on
shares
will
the
,
are
by
assurance
that
,organization estate
year
subsid'aries
By-law
procedure is adapted
process
be
Aug.
bonds
converted, leaving
common
in
the
to
requests
upon
so
1946
its
compensation
representatives
per
commencing
convertible
are
jn
"has
which,
of
as
serial
States,
35/b%
conversion
were
to
and
stated,
United
at
During the
on
enforce¬
granting of
"who have contributed
the
essential
be
production
Coincidently, .the outstanding 2% and 3%. short-term serial notes ma¬
nuring Dec. 1, 1948 to 1956 in the amount of $4,500,000 were repaid.
participate
to
the
for
to
-cellaneous
15-year-sinking fund debentures in the amount
issued
were
long-term loan
a
payments
the
and
in
committee
reduced
of the
usual
the
have been substantially completed
light of the results they have achieved.
the
to
before
include
These
permission
holders
the
providing
4%%
mortgage
the
JLi
and
of
not
time
a
procedures
proceedings
Commission;
to
expenses
determination
organization.
in
its
required
'7
(1563)
.pected
•
tiated
issues."
incentive
an
to
represent."
granting
before
and
recognition
afforded
•
first
interest
rejected by. the
was
new
$7,500,000
.
Com-
contribu¬
circumstances, of the management's obligation
reorganization through
resolution
pointed
committees
security holders
allowances for
our
Commission
stockholders'
actively
to
the
under proper
provide
solicit
.
participation
of
common
the
•
decision,
"effective
behalf
ment,
to
share from these stockholders
per
of
before
expenditure
1948.
obtained
had
(26%)
capital
Canada
3 .%
Nichols and
M.
they
shares
proceedings
Commission.
In
order,
788,465
stockholders
"
mission.
Halsted, E.
CHRONICLE
manufacturing and distributing facilities.
the
committee.
♦
FINANCIAL
business, to compensate for the reduced purchas¬
ing power of the dollar, to care for additional receivables which may
arise out of more competitive
selling conditions and to provide for addi¬
solicit
to
expenses
&
the expanded
for
care
application of
an
permission
defray
"
COMMERCIAL
■
.
According to Donald Havens, counsel
.Harry Hoffman, attorney for Hirsch, &
''
solicit
for
Merritt-Chapman,
and
both "sides"
may- re-
Co.,
proxies.
.
In
declining
"...
the
■
to
deviate
activities
of
from
in
arrangement
an
.
a
commitee
are
those activities
this
which
beneficial
practice,
before
...
to
the
called
are
has
it
Commission
the
stockholders
determined
been
1948
stated:
finance
to
on
that
Cost
security holders or the reorganiza¬
of
likely
the
encourage
freedom
to
constructive
incentive
formation
solicit
service
where
such
funds
is
of
in
not
and
activities
situations
than
present^
opportunity exists."-
the
needed
a
•*„'>'/"
»
Income
opportunity
supply
to
Balance
committees
by
where
of
-Dividends
Total
J
•••
Interest
The SEC
April 5 postponed until April 25 a Resumption of its hearing
on
the proposal of Consolidated Edison Co. Of New York to acquire
Long Island Lighting Co. and two of the latter's subsidiaries.—V. 169,
p. 1228.
% •••.._
v..'-",
■■.,
v'j--"-'.%•: •"
Electric
output
of
34.965,000
this
the
compared
as
corresponding week last year,
■
for
company
kwh.,
ended
April
2,
33.540,000
kwh.
for
week
with
increase of 4.2%'.—V.
an
169,
Nashville RR.
&
Gross
from
Net
Net
ry.
railway
railway
from
•
.
-Earnings—
1949
^
Provision
'Net
ry.
—V.
169, p.
debt....
against
;
-.foreign
the
taxes
income
on
Net profit
;
Earnings
*
$14,867,231
$14,069,499
L
Proceeds
-';■■■■"
will
corporrte
net
be
profit
$3.20
for
includes
1948
$1,315,000
1,383,905
2,405,670
the
in
countries
other
than
33,865,741
30,592,254
,529,414
foreign
5,308,921
5,967,567
2,937,138
.028,993
restrictions.
2,634,346
,547,300
for
farming
equipment
new
supplies
deals
and
in
and
merchandise,
wide
a
agricultural
-
.'.■
1947
"
.j
$7,422,800
9,727
.
after
1946
3.444.495
3.606,006
569.543
569,351
354,504
2,021,084
1,795,200
Fixed
;
_
The
corporation
White
in
■
Life
& Co.; Inc.—Sells,
1
1
12,804,957
16,414,000
net
1949,
April
on
the
announced
5
sale
its
of
branch
Bank
1,
15
two
The
branch
and
for
sold
was
&
Trust
rental
annual
an,
21.—V.
to
It occupies
title
insured
was
by
Adv.
the
Res.
Plains, with car parking ex¬
Avenue, and was opened for business on
for
for
Funded
and
debt
(par
Com.
shares
(no
Deferred
Magnavox Co.—Files Suit to Enjoin
Sale of Its Prod¬
Earned
The
:
for
company
the
March
on
District
Southern
filed action
31
cf
York
New
the
in
to
U.
169,
action
'in
results
the
from
to
the
publication
"Times"
York
New
calculated
give
of
advertisement
an
6,604,364
2,263,331
962,286
293,434
1,338.068
1.189.300
3,592,377
12.700,000
bonds,
This
dealer,
false
recent
that the Dynamic chain, which is not an authorized Magnavox
phrased the advertisement deceptively in order to create the
that Dynamic had a regular inventory of Magnavox
.alleged
products.
Magnavox has sued
advertisements and to
to
leading
suggesting
able
at
than
less
the
enjoin
pany's
retail
that
price
repetition of such mis¬
in the future from
the
charge
Co.
Dynamic
prevent
public
the
to
Magnavox products are avail¬
stipulated under'Feld-Crawford
5,155.700
5,783.440
9.568,420
resent
8,706,594
4,864,802
213,060
2.206.207
2.208.?07
2.206.207
2.206.207
the
15,909,848
also
Magnavox
exploitations of
sues
the
to
of
restrain
Magnavox
name
R.
joined
Dynamic from further improper
and trademark.—V. 169, p. 1453.
'
has
the
8,684.384
6,142,645
4,977,840
a
B.
$52,094,825
$49,413,875
increase
Nichols,
Mathieson
research
'
several
in
the
changes
number
directors
President,
last
and
Massey-Harris Co., Ltd.—Annual Report—Jas. S. Dun¬
President, and W. K. Hyslop, First Vice-President,
Feb. 14 said in part:
%
*
,'
year
in
operating
manage¬
of
March
on
plants resulting from
31 appointed Dr. Carl F.
named
were
on
t-%
r
The
1
past year
tivities
the
of
•
'
-*1
-
.r
witnessed
company.
...
Dr.
Prutton.
who
will have charge
company's plants,
Research,
all
the
„
•
.
marked increase in the tempo of the ac¬
This increase was the result not only of the
a
but-also, of
programs.
reducing
major
every
time
>
far in
production.
Sales for the year
i
an
increase
Net
times the company's sales in
"
being 81.9%
The
.against
The
an
were
1948.
.and
In
assets
ratio
of
1947
over
and 12
of current assets
the
Goble
purchased
by
the
Production has
assets
1948
Canada
Disc
to
those of
times
current
Works
company's
more
have been
additional
and
Charles,
la.—V.
•
,
169,
in
the
same
and
amounted
was
to
3.31
$50,to
1,
1949—Month—1948
1949—3 Mos —1948
$8,514,977 $19,501,234 $20,429,994
1949 had 201 stores in operation,
month last year—V. 169, p. 1115.
the
than
long-term
United
United
doubled
consolidated
States
'
V
funded
to
subsidiary
States
since
the
in
the business
1948
balance
indebtedness
provide
increased
was
was
Sales
.—V.
in
May,
incurred
the
of
working capital to
have
vol¬
dismiss
to
the
Committee
for
5V4%
Bonds
C.
secured
serial
gold
Smith, San Francisco attorney, on
seeking their authority to rep¬
Kline
in
if
letter
bondholders.
it
as
that
and
believes
it
"it
been
has
in
the
future
The
effectiveness
reorganization
the
represents
holders
of
and
influ¬
proceedings
"will be
a
larger amount of
said.
the
committee,
President
S.
bonds
protecting and furthering the interests of
bonds," the committee is seeking the
serial
committee
of
U.
Sheridan
of
Olympic
in addition to Mr. Smith,
Brundage Co., builders, and
Avery
Committee;
Leo
J.
Avery
are
Chairman
President of L. J.
Sheridan,
&
Co., real estate, Chicago, and Paul E. Kling, President,
Engineering Works, Chicago. Stephen J. Lucey, of Putney,
Hall & Skidmore, New York City, committee counsel, is
Bros.
Twombly,
Secretary
the
of
letter
The
committee.
said
that
under consideration
the
:
Missouri
Pacific
reorganization
plan
now
by the ICC fails to give
"fair, adequate and equi¬
recognition" to the value of MOP secured serial bonds, whidh are
pledge of approximately 82% of the capital stock of New
Orleans, Texas & Mexico (Gulf Coast Lines) Ry., an essential part
table
secured, by
o^
the MOP system.
shares have
$1,000
per
represent
The committee contends the pledged Gulf Coast Lines
value at least equal to the claims of approximately $1,850
principal amount of the secured serial bonds. The claims
a
principal
value
and
the
of
accrued
pledged
interest.
unpaid
be recognized adequately,
the full claim in cash, (2)
public auction, or (3) reduc¬
ing the collateral to possession of the holders of MOP secured serial
bonds.
Any other treatment, the committee said, "would not be fair
or
equitable and would discriminate against holders of secured 'serial
letter
of the Gulf Coast Lines
bonds,"
stated,
■
only
by
collateral
(1)
-
can
payment
collateral
of
at
•
,
169,
p.
$4,399,089
$3,601,257
1
$7,538,916
$6,866,902
increase of $5,989,978
An
1949—2 MOS.—1948
1949—Month—'1948
The
1453.
Merck &
The
Co., Inc.—Registers With SEC—
company on
April 1 tiled
a
roll
second preferred tfock
offering
Lehman
be
is
Brothers.
to
be
The
underwritten
offering
price
by
and
■'•'
*
Goldman, Sachs & Co. and
underwriting terms are to
part
under
which
which
will
1.—V.
169,
result
p.
from
the
on
April 6
by U.
S. District Judge
Mo.
recent
award
of
a
seven
cents
hourly
17
non-operating unions.
These comprise for
railroad's clerical, telegraphic, maintenance and
directly
does
the
must
Louis,
of
the
not
increase
tax
St.
results
in the non-operating payroll of this system
authorized
was
at
member's
groups
acts,
•
basis
Moore
increase
to
The
proposing the public offering of 70,000 shares of cumulative convertible
(no par).
H.
most
other
registration statement with the SEC
annual
an
George
the
be
engaged
take
not
railroad
paid
from
by
into
in
the
the
operation
consideration
retirement
and
company,
adoption of the
the
of
trains.
additional
pay¬
unemployment
or
40-hour
insurance
additional expense
work week next Sept.
the
1454.
supplied by amendment. The stock is convertible into common stock
.on
the basis of
The
or
in
buy
company
value
"1454.
p.
—
these
of
date
secured
additional
the
Brundage,
raise
acquired
sheet.
to
of
Members
March Sales Off 18.1%—
McLellan Stores Co.
The
of
the
fair
bondholders
to
sale
March,
Period End. Mar. 31—
1939.
liabilities
of
The
,%■■
the largest market
Fowler, Calif.. manufacturers
outstanding line of Disc Harrows and Irrigation Bedder Harrows,
the
199
In
their
of
excess
have
to
Pay Rise Authorized—
compared with 3.29 to 1 at Nov. 30, 1947.
of
Lake
at
$7,318,857
corporation
market
working capital increased by 816.697,302
285.638.
'
Period End. Mar. 31—
machinery in the world, is indicated by the fact that its sales
for 1948 were much in excess of the average for the
that
plants
McCrory Stores Corp.—March Sales 14% Lower—
The
$60,030,-
of
RR.
DeLancey
amount
effective
holders
the
i
on
$143,864,964,
The progress of the company in the United States,
industry,
ammonia
,
Sales
cost'
"
1939.
for farm
.
report.
conspiracy
in
*
for
funding the
amounting to $35
bonds
mortgage
annual
bonds
the
.
amounted to
860, or 71.6%, over 1947 and nearly seven
in
modern
•
the
plan
a
asking the U. S. District Court
letter
increased
market
record,
war-time
for
demand
world-wide
the
machinery.
The sales of the company increased
throughout the world and created a new allexcess of
even 1945,
the peak of the company's
agricultural
in
1453.
.
greatly augmented facilities made available by the culmination and coordinat'on of the company's various postwar modernization and expan¬
sion
substantial
v
Vice-Presidents.
that
announced
Director of
operations of
as
supervise
alkali' and'
the
p.
to
soon
in the proceedings for reorganization cf the road.
The
already represents holders of more than $1,125,000 principal
the $11,245,000 publicly-held
5J/4%
secured serial
bonds,
letter said.
Pointing out that committee members themselves own
ence
.
including those recently acquired.
Mr. Worthy will be in charge of the plants acquired from Standard
Phosphate and Acid Works as well as the Saltville. Va.,
plant, of which he has been Manager.
Mr, Newell has been in charge
of
ready
adjustment
alleging
its
by
a
greatly
'■
Wholesale
can,
have
of
support of
1948, against l,174,322i/2
Corp.—Changes in Personnel—
Worthy and J. F. Newell
S.
'
them
amount'
i-V
made
The
1949—8 Mos.-r-1948
$2,914,233 $22,812,091 $18,561,939
committee
213.030
as
Vice-President-Director of Operations
of
all
the
com¬
plants and Arthur T. Bennett, Vice-President, was placed in
of the eight plants aeauired from Southern Acid and Sulphur
Thomas
'
agreements.
to
its
to
Pacific
issued
9,612.753
2009.
acquisitions.
Prutton
impression
falsely
corporation
due
ment
Feb¬
1948.
'
suit
of
bonds,"
its
in
up
1949—Month—1948
motion
a
headed
213.060
■/,
Mathieson Chemical
clearance sale of Magnavcx radio-phonograph combinations.
complaint filed in the Federal Court,
the Magnavox Co.
a
In
filed
April 7,
appearing
23, 1949. the text of which was
tlfat the Dynamic chain was run¬
were
The protective committee for holders of the 5J/4%
f,
4.743,126
15,000.000
by 1.338.114 shares at Nov. 30,
p.
February,
47,888
$535,797
Authority From Bondholders to Represent Them
In Reorganization—
1.048,564
3 496 210
17,708.000
$90,480,144 $83,091,957
168,
totaled
Seeks
•
ning
of
a
Missouri
<
the
1947.—V.
for
revenues
145
56,872
"
according
in
amounts
untarily
3,224,000
■
1
revenues
$548,515
expects
arrears
*11,826,497
par)__
________
'-Renresented
March
on
impression
the
5.780.316
4,552,848
1,497,239
Total
in
of
p.: 1229.
bond,
highly
th"
miles___
last
company
$100
a
District Court
S.
Dynamic Stores,
-a
New York retail
radio chain, from selling or offering to sell any
than the stipulated selling price.
Magnavox products at less
The
enjoin
9.322.747
3.535.846
surplus
surplus
above
52.02%
169
$1,738,266
30.308.000
$20)_
5,433,936
53.52%
Missouri-Kansas-Texas RR.—Bond Plan—
8,887.157
Surp. from, reorganization
ucts at Less Than Stipulated Selling Price—
$1,217,555
334,395
__________
shares
6,652,769
factor________
$2,744,5f8
—V.
6,196,144
5,063,876
received
18,689
10,446,366
Miller-Wohl Co., Inc.—March Sales Declined
5.8%—
The
5.919^818
nensions___
91.47%,
12,430,530
flown
+Operating
25%
*$37,530
22,665
13%
as
compared to the
year,
reflecting the increased costs of labor, mate¬
services and the cost of
operating additional miles.—V. 169,
1115.
interest
.
503.546
_____
contingencies
Pref.
1453.
p.
payments
Reserve
plot fronting both on Main
a
White
Avenue,
Martine
169,
and
$3,200,000,
Dividends pavable
^
1948
+$5,018
suit, the report states.—V. 169,
Accounts payable
Reserve*, ■ for taxes
and
$194,(00
of
is for 20 years and the other for
options was fixed at $36,000 a year.
the
Co.
Mamaroneck
tending through
March
for
calls
under
rental
Guarantee
Street
lease
options, one of which
The
years.
Title
The
1949.
contains
'stall!
'■
•
flown
load
expenses
month
l
9,567,805
$1,554,171
_________
______
April
miles
miles
Period End. Mar. 31—
$90,480,144 $63,091,957 $52,094,825 $49,413,875
advances
attempt
to
committee's
97.45%
Sales
LIABILITIES—
store
Plains, Westchester County, N. Y,( to the Mutual Benefit
Co., which leased it back to Macy's for 25 years starting
Insurance
.
carried______
loss.
or
Operating
certain
Total
Then Leases Store—;
independent
' '
_—
passenger
Plaintiffs
(R. H.) Macy
desperate
President
present
the
adjustment
ton
4
4
1
(net)—
candi¬
1949
freight
700,000
~
4
____
assets
and
of
7
and
1,976,664
Europe__
1115.
13
of
279,673
2,021,084
j
Patents
last-minute
a
t
■
express
ruary,
21,987,331
.Cash in escrow__„______.
Net assets in
building
implements.—V.
169,
slate
tons_____
same
4,107.716
26.598.195
Prepa'd exnenses
'
■
freight
3.880.891
35,961.398
Investments
its
'
1453.
p.
and
1945
5.425.655
6,134,429
4
tax
efficiency
passengers
passenger
$4,747,455 $10,285,451
8A7,8«7
,
stock,
NOV. .30
reservesv£0,801.380
shares
general
:
$14,529,973
bonds
Receivibles less reserve*;
'Inventories less
of
variety
£
Government
169,
express
p.
1943
Cash
Supply Co., Wilmington, Del.—Stock
Company
loss
rials
SHEETS,
'
'Revised
subject to
CONSOLIDATED BALANCE
was
election
Mail,
A.
CONDENSED
thte
Mail,
and
Canada
the
-
February—
Revenue
United States converted at rates of
.exchange prevailing at Nov. 30,
This includes net profit of
$838,000 of subs'diaries in certain
countries from which the remittance of dividends is
located
elect
1
action
is
' '
■'
passenger
being the
1,407,973
subsid'aries
opposition, to
*
v
the
which
Revenue
334,873
rj-
5,149,215
used
:.
Month of
Capacity
1,306,076
.
net
'it.of
the
directors.*'—tV»
Operating
4,084,066
$6.61
_
shares
on common
above
9,044,761
256,411
__________________
4,280,658
8,000
for
Net
4,140,000
8,655,000
of
Mid-Continent Airlines, Inc.—Earnings—
and
____
2,879,771
is selling
opinion,
v_'
'
2,768,647
foregoing shares, company
^
purposes.
materials
p.
1,396,108
1,276.856
________
NOTv—The
-
K. Walters & Co.,
the
to
officers.
Canada
_____
shares
Fink,
inevitable,
slate
1,609,135
per common share.—
2,657,814
&
my
the
"future
preference shares___
on
Dividends
1946
1009.
addition
in
countries
the efforts of
256,500
2,161,806
amortization
100
owns
the part of the present directors
;°n
524,707
270,000
who
was a victory or a respite for
management,
majority opinion among stockholders was that it
,
Revenue
Wilmington, Del., are
offering 12,000 shares of capital stock at $10 per share.
its
20,898
638.642
to
as
company or the opposing
re-solicitation.
Frederic
E.
Lylord,
action
The
P,
'
of
the
Sol
96,808
10,422,279
1,298,035
income
Offered—John
In
v
144,260
_____
contingency
__"
if
"Both."
stockholders
among
whether the
Merritt-Chapman,
asked
"In
Con¬
inventory values
for
of
conjecture
was
action,
'by
the
Chairman of the independent group, in & state¬
ment issued on April 5 said his
group was not a party to the action
brought against Hirsch & Co.
<•■•.
428,700
178.923
ASSETS—
'to
-in
herein
there
latest
benefit
dates.
1948.
Mack's Block
•
£25,962
22,618,266
for depreciation and
31,570.968
railway--.railway
:
oper.
subs'diaries
the
Col.
2,525,675
from
from
Net
from
9,896,771
the
From Jan. 1—
Gross
when
profit on sale
not consolidated
funded
in
Provision
1949,
.
1947
$15,165,779 $16,755,170
income___
oper.
1948
22,148,044
meeting
of
would
President
borrowings.
on
Dividends
Louisville
73,937,333
____
Provision
.
February—
'121,716,920
the
effect
group
in-
not
.Contribution to pens'on fund..-.
1453.
p.
83,834,104
_____
received
on
Interest
Louisville Gas & Electric Co* (Ky.)—Weekly Output-
totaled
the
1-13,864,964
„
investments and net
assets
'
dec1;ne
/
After
„
;would aid
!_!'
from
capital
tinental Europe
Hearing Deferred—
and other disc's.
*
$
replied:
•
to
seeking
for
deducting cash
manufacturing and marketing,
the charges below...
estate, is not conducive to the advancement of the reorganization
process nor does it serve to protect investors'."'.'-.',',
(and it isi
more
,
after
eluding
tion
1947
*
$
Net sales,
company
three
is
common
engaged
shares for each
primarily
in
the
share
of preferred.
manufacture,
*
processing,
purchase, and the distribution, of fine and medicinal chemicals and
drugs. Proceeds of
tures,
working
the
capital,
financing
and
will be available for capital expendi¬
other
corporate
purposes.
Projects
ex-
Montgomery Ward & Co., Inc.—March Sales Off 16.7%
Period End. Mar. 31—
—V.
1949—Month—1948
1949—2 Mos.—1948
$89,178,906 $107,102,599 $157,495,347 $182,733,936
Sales
169,
p.
1454.
THE
(1564)
8
COMMERCIAL
Watch Co.—New President, Etc.-Vice-President, and director of the
*■
stock
common
PROPOSED FINANCING
*
*
*
1, 1975.
1, 1978
1, 1979
due in equal semi¬
3%%
series due April
3Vo%
series
Serial
April
due
1.9o%
notes,
annual instalments to 1956
stock
(no
par),.
__
is
BUSINESS—Company
AND
$15,729,087
Net
The
and. sale of electricity.
It
•
without
and
mills
service
electric
working
wood
Linn
in
and
Counties
Lane
the
for
Electric
Other
transmission
Total
A
The
funds
replenished
was
in
of
The
Jan.
been
provided
the
from
working
from
loan
and
annum
in
notes
1949,
maturing
April,
borrowed $750,000
1949,
18,
bearing
July
of
$750,000
presently
next
few
In
position, because of its
a
years
construction
that
require
may
UNDERWRITERS—The
series
due
the
April
financing.
purchase policy,
business
to
of
each
it
for
&
1,
Beane
McAndrew
&
The
for
Schwabacher
William
R.
and
each are
wm
will
'
and
/'
the
241,101
the
net
to
metallic
Blankenship,
du
Gould
approximate
for
three
each
intends
of
if
to
M.
Dain
&
last
1 000
_
additions
are
stock
to
shares
are
being given
(par
then
payable
$1001
held.
at
after
En
1949.
borrowing
rights to
at
par
The
rights
will
office,
company's
deducting
practice
from
of
the
subscribed,
company
of
which
company.
its
its
to
continue
to
and
loans,
will be
2,/2%
of
prepayment
the
balance,
the
the cost of construc¬
wholly-owned subsidiary;
at Ashtabula, Ohio, at an
a
plant
Nemours
royalty-free
.
,
license
to
use
: v
;r
40
payable
cents
on
about
or
the
quarterly
Regular
30.
on
.
made
Graham
identified
its
of
been
appointed
Vice-President
with
who
this
has
Controller.
and
of the
including
Period—
14th
'
Graham
Mr.
would
The
'
pared
to
698
26,'49
Total
at
the
1.8% Higher—
•
Current Year to
Net
Mar. 26,'49
stores
660
year.—V.
169,
in
p.
Mar. 27,*48
operation,
Other
•
common
—V.
debt
shares
represented
is
p.
$4,256,932
12.8%—
v
1949—3 Mos.—1948
$4,882,988 $10,954,783
$11,163,266
the
Since
war
1945
$30,000,000.
In
,
stockholders
for
its construction activities remain at
a
Nelson Corp.—Note Placed Privately—Rey¬
41/2%-41/4% sinking
March 1, 1950-61.—V. 167, p. 2136.
vately
sub-
the
subscription
necessary
of
high level.
new
of
$660,000
a
New England Gas & Electric
the
money
as
the
For
of
week
13,992,355
Gas
This
of
p.
output
is
a
April
for
the
cu.
a
April
of
fund
note
for the
week
1
;
■
Earns,
is
cu.
.
31,931,041
25,066,003
32,637,864
(Cr) " 12,457,351
10,502,410
:9,638,554
38.508,960
35.059,045
21,952,677
22,767,417
2,355,352
3,894,031
2,989,511
37,414,397
25,846,708
25,756,928
5,085,490
5,121,789
3,113,299
3,078,005
35,691,370
32,292,608
22,733,409
22,678,923
879,608
22,503,728
879,608
20,394.003
$6.19
$5.58
879,608
18,284,279
$15.54
879,392
18,284,279
$15.50
9,466,217.,
reports
reported at
ft.,
or
-
■>-
7.55%
week
•
bonds and
of
___
income_
pfd.
(4%)
div.
per
approp.___
com.
share
GENERAL
J
BALANCE
electric output
5.01% below
or
a
a
year
ago.
172,940,000
below
year
cu. ft.
production
SHEET,
1948
"
$
DEC.
31
1947
$
1946
$
421,006,798 405,825,386 400,156,457
Sinking funds
4,472,113
4,200,614
3,939,329
Capital and other reserve funds
1,120
1,120
4,22o
Misc. physical property (net)____
2,342,440
2,256,502
2,234,459
Investments in affiliated companies
6,733,936
6,681.002
6,005,126
Other investments (book value)
61.235,780
62,655,692
€2,828,528
Current assets
90,190,533
92,590,581 *81,879,113
Deferred assets
f
46,364
41,016 '
41,395
Unadjusted debits
313,281
391,873
818,832
Road
corresponding week
corresponding
.
45,939,065
34,284,195
from all
adjust,
on
stock
due
AssociatioA—Output—
Association
this
37,380,127
ASSETS—
decrease of 737,968 kwh.,
14,130,000
ft. for the
:
1,
kwh.
14,730,323
decrease
187,070,000
1454.
ended
kwh. This is
production of
the
for
on
nolds & Co., it was announced March 23 have placed pri¬
J
98,924,453
56,487,675
income
deductions
Balance
Divs.
v
1946
to
paid
miscel.
1116.
(Herman)
92,333,969
60,335,804
income
Common
extensions,
by
expected that it will be
raise substantial amounts
1949—Month—1948
_____
169,
1945
$
125,203,552 109,373,839
sources
Int.
Sales
-
40,776,860
ry. oper.
Gross income
com¬
1229.
Neisner Brothers, Inc.—March Sales Declined
Period End. Mar. 31—
$
$62,847,759 $62,556,608
had
last
facilities
joint
1946
129,714,096 144,863,519
2,267,900
from
oper—
&
$20,892,169
1949
time
same
oper. expenses—
rev.
CALENDAR YEARS
1947
185,539,356 165,861,514
from oper.
rev
Net
Report—A summary
given in our is¬
$
$
Fed., State & local taxes
Net rental of equipment
Mar. 27,'48
$21,279,653
at March 26,
company
INCOME ACCOUNT FOR
Total
1229.
4 Weeks Ended
Western Ry—Annual
&
1948
since 1945, serving as Con¬
plant at Etna, Pa.
He succeeds
executive
position with Car-1
p.
reorganization plan
first preferred stock
holders of the
operations for the year 1948 are
April 7, page 1521.
vY
an
Co., Niagara Falls, N. Y.—V. 169,
Mar.
of
of
according
company
accepted
the
to
(1)
proposes
CONDENSED
Auditor,
General
adviser.
contends that the Niagara Hudson
equitable
or
to reduce the annual
$4.80, (2) to eliminate the
it
Norfolk
paid on April 30.
'
Spang-Chalfant division
Windle
T.
has
' k
■
dividend on the invest¬
ment from $5 to
preference as to assets
in the event of liquidation, and
(3) it makes no allowance for the
priority and the higher investment value of the first preferred stock
over
the second preferred;
and it does not provide adequate com¬
pensation for depriving the first preferred of these rights."—V. 169,
p
1010.
yy
yy
to and including
up
was
■
quarterly
action
April
extra of 40 cents
an
1484.
p.
defer
to
chare had been
per
addition,
In
Corp.—Dividend Deferred
decided
5
fair
not
because
sodium
metallic
.•' v'V;"
,
"is
which the
under
& Co.
manufacturev of
the
entered into
year
■
is financial
York
New
late last
non-exclusive,
for
"
committee for the first
The committee
Corp.,
National Tea Co.—Current Sales
company, which it expects
American
company,
as
need
purposes,
funded
$14,075,000
It
bank
to finance
expire
931
P?r value was subscribed, of which
JP5!£?«nted.
subscription of the American company.
^
additional $19,188,100 of common stock was offered to
stockholders for subscription at par and $14,766,100 par value was
American
outstanding
to
Corp.—Preferred Stockholders*
* *"
'■ Y"
>
"v.
preferred stock has filed a declaration with
the SEC for permission to solicit authorizations from holders of such
stock to represent them in proceedings for the reorganization* of that
company now pending before the Commission.
V *
The committee is composed of Samuel B. Jones, Philadelphia; C. J.
Kuhn, New York; and Joshua Morrison, New York. The law firm ot
Scribner & Miller, New York, is legal adviser, and E. Ralph Sterling of
the
expenditures since the end
substantial amounts of new mdney.
of
chlorine
a
April
Thorsteinson,
been
W.
ratio
expenses,
construction
requiring
company has Increased
as
applied
President
Niagara Hudson Power
A
subscribe
the
in
improvements to its telephone plant.
$9,609,900
$25,000,000
corporation's
be
Products
processes
168,
R.
H.
troller
Co.—Rights
ail subscription rights should be exercised.
apply the proceeds from the sale toward
establ shed
been
sale,
proposed
the
will
the committee
by
Rosenthal,
L.
Committee
underwriters.
from
aris.es; for general corporate
and
company's
the
by
National Supply Co.—New General Auditor—
S7%5nnarpnrLoanfd^$^514,60u
long
the
of
169, p. 1454.
on
of
year.—V.
Gordon
Telegraph
"at any time."
of the corporation, in his report
that operations have improved under
the new management.
Operating income for the first two months of
this year, before income taxes, was reported to be 24.4% ahead^ol, the
corresponding period last year.
,'j
Mr.- Glidden,
in his letter to stockholders, said consolidated net
income for 1948 declined to $128,885 compared to $158,410 earned in
1947.
The company's annual report however, showed net income equal
to $211,477,
before a special reserve deduction ordered by the New
York Public Service Commission amounting to $82,592 —V. 169, p. 1230.
inspection
for
stockholders last week, stated
sue
1000
Co.
extensions, additions and improvements to the
company s
telephone plant.
Such advances,
which
are
expected
to
approximate $20,550,000 on March 31, 1949, are obtained in conof
aggregate
the
in
debentures
liooo
&
includ.ng
an
and
granted
ordinarily
Jan. 28,
1,000
American
Telephone & Telegraph Co.
and, in the event that such proceeds are more than sufficient
repay such
advances, to use the remainder for general corporate
iornmy with
to
continue,
the
the principal
Mallinson Tabrics
directors
1000
Co
(parent)
purposes,
,
approximately $10,000,000.
Distillers
was
distributions
Janney
proceeds,
advances
of
when
Richard
redemption terms
Glore, Forgan & Co. and Harriman
as
from
The offering is not underwritten.
net
sufficient
1973
with E. I. du Pont de
National
borundum
$24,068,000
company
repayment
the
to
the
threatened Court action to compel the com¬
its stock record book for inspection, but this move was
the company announced that its record book was'
to open
open
fund deben¬
minimum pay¬
for
asserted that the
present managment,
last year by the
will be held this
to stockholders
under
April 19.
the committee
on
abandoned
sinking
provides
Distillers Chemical Corp.,
of
Sales.—:i—
ii&ve
named
$6,000,000
patented
1000
Davis, Skaggs & Co.—
Wm. P. Harper & Son & Co.
capital
year
pany
registration statement
a
$40,000,000
fund
amount
amendment.
sodium
cost
Pont
The
&
Inc.— —
Campbell & Robbins, Inc.—
March _23
Subscribtions
26.
PURPOSE—The
The
of
1951
principal
are
and chlorine.—V.
dividend
Blakely,
Telephone &
Street, Denver 1, Colo,
to
sale
prepayment
National
agreement
an
1,500
of
!
.-•
SEC
the
with
declined
have
gaind control after the stockholders' meeting
narrow
margin of 156 votes.
The annual meeting
which
-
sinking
A
years
by
notes,
National
by
a
committee, in a letter
earnings
company's
Corp.—Registers $40,000,-
with the SEC April 5
proceeds
the
1,000
1,500
record
statement
,
agement.
The interest rate, pffering price and
Inc.
estimated
"
shares
share
Aoril
of
• <•
..
.
fight for control of the properties of
proxy
subsidiary companies was disclosed on April 6.
A
stockholders' committee headed by Nathaniel
Co., Inc.—Registers With SEC
registration
a
public
the
later
corporation
1,500
States
'Y
i; .■/
Corp.—Group Starts Proxy
V....
v
.
•
701,169
232,333
20,417
'
this corporation and
V.
F. Glidden, senior
partner of Glidden,
Morris & Co., New York investment brokers,
claims to represent over 2,000 shares in opposition to the present man¬
A
Motors
corporation's outstanding short-term
of
1 000
1454,
p.
Stockholders
The
filed
1974.
of
& Co.
Ripley
tion
1,500
California—
.
11,412
,
Water Service
York
627,527
135,797
,
its
corporation."
1229.
p.
$32,000,000
filed
be
Of
No. of Shs.
-
Bailey & Davidson.—
2,000
—
Co
income—v
'Deficit.—V. 169, p. 1010.
Fight—
■:
144,090,
-
oper.
New
'
.
767,620
railway—*
'
ry.
-
vy.v"
:
812,540
155,332
22,695
*87,131
1—
railway.
from
from
Net
income
oper.
ry.
From Jan.
Western RR.—Earnings—
1948
1947
. 1946
$428,662
$313,890
$318r190
109,315
75,711
92,602
*9,849
14,952
*8,462
1949
$351,996.
50 629
*11,245
railway
railway
from
Net
'Net
■
availability of materials,
materials costs, and the
uninterrupted for a number of
been
Securities
1,
each
promissory
follows:
as
stock of Ticonderoga Electric
Susquehanna &
New York
daily production schedules "are
over March, increased still further for the
schedules for June call for a still higher
the
169,
has
April
in
applied
to Stockholders—
one
Nash
proposed
the
retire
has
of
have
for April
maturity date.
number
Atkinson, Jones & Co
J.
& Mejla—
169,
the
an
Gross -from
1,500
2,000
Eichler & Co
Mountain
on
said* that
May,
due
ments
1,500
of
2,000
_
Adams &
Bateman,
York—Secretary-
the
*215,544
/iparent)
deroga stock.—V. 168, p. 2228.
price reduction ranging from $20 to
"Ambassador Airflyte" series.
The
4.
history of
the
in
corporation filed
tures
regulate
Pacific Co.
2,000
8taats Co.—™
quire
common
The Glidden
covering
is
company
Mitchum, Tully & Co
W&leton, Hoffman & Good-
for
a
and
1,001,030
*15,735
Light Co.—To Acquire Stock—
SEC authorization to acquire 2,325
Light and Power
Arthur S. Dewing, Newton, Mass., for $175,000, and to ac¬
additional 75 shares from Niagara Hudson Power Corp.
for $2,625. The 2,400 shares constitute 100% of the Ticon¬
the
from
■Co,
as
of
volume,
scheduies
''company
The
to
2,000
Co..
&
New
000 of 25-Year Debentures—
the
4,500
,
Co
1949,
attributed to greater
reductions in
was
Nash
of
The
of
4,500
Inc._;—_
Co.
Northwest
Pacific
—V.
cut
Nation-Wide
is
;
.
14,770
——
March
*399,466
requested
has
company
of
Earlier,
the
1979,
Irving Lundborg & Co.—__
White, Weld & Co.
Davies
month
any
production
daily output."—V.
per
sale
to better
underwriter
to be purchased by
Lynch, Pierce, Fen-
Hornblower & Weeks—____
The
shares
record setting March volume of retail sales of Nash
I mean 'deliveries to customers,' which were the
a
trends.
No. of Shs.
M.
of
National Distillers Products
promissory
expenditures
additional
conform
name
of shares of common stock
Merrill
E.
Airflyte".
and
increased
The
ner
Co.
Secretary
announces
"600
Mason
Mr.
capital
and
by
of
proceeds
construction
power
expenditures to
of
oper.
1,297,140
103,870.
*153,920
1,191,382
*128,344
New York Power &
10.4%—
to
t
anticipated
close
.i v..
■
1,085,229
*21,791
*217,691
1116.
railway
income
*
Deficit.—V. 169, p.
1949—3 Mos.—1948
the
at
together with other funds, will be used
Is
It
evidenced
the
first mortgage
insurance companies.
two
operation
ry.
covering 300,000 shares of its capital stock.—169, p. 500.
at the rate of 3%
Company expects to retire
1949.
18,
"Net
1—
railway
from
from
months.
an
interest
with a part of
bonds, 3Ve%
1949,
$2,000,000
in
Insurance
Johns,
price
that
fact
to
Jan,'18,
on
From Jan.
Gross
'Net
of $1.50 per
31.—V. 169,
price reduction," according to George W. Mason, President, "is
increased
stock.
dated
Life
its
highest
'
replenish In part the company's working capital which had been
depleted through unusually heavy expenditures for construction, the
notes
1949—Month—1948
stores
210
T.
on
"The
To
company
$7.39
automobiles,
that
common
2,882,932
$7.02
$8.30
770,000
has
part
3,168,420
$2.95
made, following
the remainder will be provided from treasury cash,
reserves
and
earnings,
the balance of the proceeds of the sale of
$2,000,000 first mortgage bonds and from the proceeds of the sale
expected
2,734,304
'
price cuts became effective at midnight April
$4,350,000
these
of
3,974,422
share—
per
corporation
$120
3,431,000
system____
.
___
portion
which
distribution
and
$3,550,916
Net
satisfy the heavy
The loilowing is
plant facilities
$4,022,687
Nash-Kelvinator Corp.—Reduces Prices—Record Sales
demands for service within
service
territory.
an
estimate of expenditures
1949 property additions and improvements: /.
'
Electric generating plants—./
$149,000
its
1,236,363
$1,698,451
•
Ontario & Western Ry.—Earnings—
February—
1949
1948
1947
1946
Gross from railway
$493,006
$635,572
$639,264
$500,672
Net from railway
*30,824
*29,284
59,795
*4,346
Net ry. oper. income
*117,748
*176,156
*71,869
*106,484
New York
Gross
both
in
engaged
been
1,077,147
$5,698,911
Bldg
806.
pleted by the fall of 1950.—V. 169, p.
February—
operates
company
1,502,975
—
were
month
has
PROGRAM—Company
to
program
$4,787,279
this company since 1939, has been
appointed Secretary-Treasurer.
He will assume the duties of the late
Leonard C, Clifford, former Treasurer, who died in January.—V. 169,
p. 605.
•/ • :v
y:.v
»' - ;V.
Oregon.
expansion
$5,099,834
declared-—
Willard
being
CONSTRUCTION
$3,201,426
1,959,307
Mutual
drilling,
which
in
$7,658,218
Treasurer Named—
plants; grain and flour
table processing; silver,
is located
408,423
compared to 209 at March 31, 1948.—V. 169, p. 1116.
refining;
sugar
$5,195,702
861,109
v-—r——$9,766,276 $10,899,401 $27,085,850 $26,942,902
There
commercial fish packing and reduction
mills; creameries; fruit, nut, hop, and vege¬
lead and coal mining; meat packing plants;
railroad
shops; and paper and pulp mills.
The Oregon territories
served are rich in timber resources and the Wyoming territory in oil.
One of the largest remaining stands of fir timber in the United States
beet
refining;
$5,960,943
Cr23,374
(G. C.) Murphy Co.—March Sales Declined
these industries
pumping and
Among
oil
plants;
industries
various
to
served.
communities
the
and
$3,178,052
7,672
March
Sales
and 40%, respectively.
furnishes
company
$7,665,890
.
Drj_
Period End. Mar. 31—
year
lumber
3,572,680
15, 1949, the directors declared" a dividend
share, payable April
15, to holders of record March
pp. 1229 and 1116.
ended Dec. 31, 1948, approximately 63% of the gross
operating revenues of the
company was
derived from operations
in Oregon; 21%. from operations in Wyoming;
12% from operations
In Montana; 3%
from operations in Idaho; and 1% from operations
in Washington.
Approximately 95% of the gross operating revenues
of the company for the same period was derived
from the sale of
electricity.
within
6,960,705
3,985.539
deductions
Income
On
customers,
the
1,577,849
4,542,061
income
Dividends
and at wholesale to 3 municipalities (Basin,
Powell, Wyo.), to a private utility for resale in Hudson,
Wyo., and to 5 rural electrification projects.
The aggregate popu¬
lation furnished with electric service at retail is estimated by officers
of
the
company
to be approximately 314,000.
Of the communities
served
at
retail, 71 are located in Oregon,
27 in Wyoming, 8 in
Montana, 10 in Idaho and
1 in Washington.
The number of cus¬
tomers served by the company in all departments in 1948 was 7,928
more
than in 1947 and 32,009 more than in
1944.
These increases
Per
612,154
5,225,277
income—
Net
and
represent gains of 8%
2,940,038
oper. income
income (net
Interest
72,993 shs.
300,002 shs.
electric service at retail in 117 communities and adjacent
to
residential, commercial, agricultural, industrial and
municipal
in
$8,332,267 $11,524,331
areas
Deavcr
are
$15,831,205
income
taxes—
on
Co.—New Apartment
19-story
a
•
incorporated in Delaware
was
distribution
transmission,
purchase,
furnishes
rural
revenues
taxes
operating
Total
1917, and was reorganized as of Sept. 30, 1938.
Company
operating public utility company engaged chiefly in the genera¬
an
oper,
Net
13,
tion,
5,035,110
20,760,453
the
under
authorized
amount
HISTORY
Dec.
4,911,114
29,165,305
Other
trust indenture is presently
limited to $50,000,000 principal amount at any one time outstanding,
Issuable in series.
tExclusive of $275,000, of which $137,500 was paid
Jan. 23, 1949, and $137,500 is payable July 23, 1949.
"The
5,676,038
34,449,343
11,925,000
75,000 shs;
500,000 shs.
(par $50)—
prelerred stock
cumul.
5%
Common
6,682,606
since last
t
immediately in New York City on -'Manhattan
and penthouse apartment building to^ occupy
the old Third Avenue
carbarn site, comprising the entire b.ock be¬
tween 65th and
G6th Streets and Second and Third Avenues, it was
announced by George L. Harrison, Chairman/ of the board.
The
building, which will be owned and managed by the company,
will contain 582 apartments and a total of 2,486 rooms.
A lump
sum construction contract has been awarded on the basis
of
competitive bidding to the Cauldwell-Wingate Co., it was stated.
The amount of the contract was not
disclosed, but it was indicated
that the figure is in excess of $10,000,000.
Construction work is scheduled to begin at once and to be com¬
House,"
6,806,052
38,436,508
Chairman.
Construction will start
$48,330,702'
expenses
Life Insurance
York
New
1945
1946
8,801,014
2,000,000
$2,200,000
—
1947
11,234,484
eper,
Other
Outstanding
$7,500,000
3,500,000
Authorized
series due July
3%
'
12,774,853
resigning the week before last.
new
management announced the
YEARS
$73,755,172 $59,692,132 $54,401,764
revenues.—
maintenance—_
Federal
mortgage bonds:
1st
pro¬
Net
company.
CAPITALIZATION GIVING EFFECT TO
Its
represent
Other
properties
the physical
to
improvements
and
additions
for
pay
oper.
Depreciation
3^8%
the
CALENDAR
FOR
1948
Total
Current
pected from the sale of $2,000,000 first mortgage bonds,
series
April 1, 1979, will be used to (a) retire presently outstanding
short-term notes in the amount of $750,000 due July 18,
1949, and
(b)
which
shares
187,666
,
due
of
the
for
offering.
EARNINGS
the sale of the 50,770 shares of
together with the proceeds ex¬
hereby,
offered
now
subscribe
to
of the
portion
April 5 became President and
who held the Presidency
Heitzmann,
A.
James
on
appointment of Amicus Most
to be Vice-President and General Manager as well as Vice-Chairman
of the board of directors.
Other directors of the new board will include
Albert H
Ham
Max A. Geller, Herbert C. Hauth, Lawrence J. Rubenstein, Max Delson and Charles L. Winkelman.
Frederick A. Neumann will remain Vice-President.—V. 169, p. 5UU.
'Company intends to sell only such number of shares as may be
for through the exercise of subscription rights.
American
Telephone & Telegraph Co., parent, has informed the company that It
100 and interest.
proceeds from
net
succeeds
He
June,
subscribed
intends
Robbins, former Executive
Larry
Eversharp Co. of Chicago,
debs., due April 1, 1978—
The
mortgage bonds, to be sold to John Hancock Mutual Life
Insurance Co. and Provident Mutual Life Insurance Co.
PURPOSE—'lhe
New Haven Clock &
,
Outstanding
$25,000,000
*
825,000,000
40-year 25/8% debs., due May 15, 1986—
35,000,000
35,000,000
Capital stock (par $100)——
1,000,000 shs.
*964,405 shs.
30-year 3'/8%
Privately—The FPC on Mar. 31 authorthe company to issue $2,000,000 3Vs% 30-year first
of Philadelphia, at
FINANCING
THIS
TO
EFFECT
GIVING
Authorized
Sale of Bonds
ized
SECURITIES
CAPITAL
Stock Offered—
Public offering of 50,770 shares (no par) common stock
was made April 7 at $31.75 per share by an underwriting
group headed by Merrill Lynch, Pierce, Fenner & Beane.
The issue was oversubscribed the day of offering.
Mountain States Power Co.—Common
1949
Monday, April 11,
CHRONICLE
FINANCIAL
&
and
equipment property
(net)
ago.y.V. 169,
<
Total
586,347,365 574,643,793 557,907,459
Volume
169
Number 4793
LIABILITIES—
-
•
r
1C2,638,500
44,743,594
46,110,352
804,537
789,824
Deferred Liabilities
Unearned
Earned
credits
to-——.
1,880,146
surplus
(appropriated>_—
surplus
100,708,053
227,425,919
215,512,033
Northern Natural
Gas
Gas
Facilities
557,907,459
Co.
company,
is
seeking
Asks
—
Which
Capacity by 60,000,000 Cubic-
to
ft,
cu.
of
Total
System's"
1
Daily—
000.000
ft.
cu.
FPC
will
present
a
day
increase
for
Power
Commission
estimated
cost
of
the
project
capacity
470,000,000
this
recently
to
ft.
cu.
increase
to
530,000,000
cubic
feet
in
heating
through
bank
loans,
by
or
.•The
.The
company
shares
re-cord
has
of
its
each
the
common
March 30.
live
shares
subscription
entitled
1,250
to
*.
*
entitled
then
held,
will
In
to
of
these
($10
its
to
par),
'
stock
mon
The
in-
stockholders
of
•'
to
one
•
of
the
York
from
the
"
Electric
output
of
pi incom-
C
in
company'.s
to'take
The
over
on
The
ably
part
any
will
money
now
present
be
of
the
be
paid
1949.
ever,
that the company
such
agreed
Hunter
said
and-passenger
owned
DC-4
plated
that
in
V.
169,
earned
be
v
.
banks
of
the
the
above
fleet
a
to
cost
will
be
that
The
sold.
be
most
$35,000,000,
beginning July
1,
1950,
with the
1338.
final
;
;
date
AND FUNDED DEBT
proposed new
due
$10,000,000
1947-1956.
(due
notes
how¬
be
of
freight
issued
first
with
round
the
at
restrictive
rate—314%
pf
purchase
provisions
instalments and
all
on
.
shares
are
he
would
Simpson" declared,
the present ofifcers
control
voted
were
of
than
more
proxies
of
indicated
was
of
each
,
.
the
-
,
Dean
the
Witter £; Co,-
188,000
_
Clement
faction
W.
that'he
the
Whitehead
whom
would leave it to
Mr.
company.
founded
iri
75,000'
—
_
McDonald
■'
&
Co.___r_
.
Dr?xel
Hearing
New
of
on
York,
tion
a
show
a
of
desire
no
to
has
than
20
order
cause
controlled
Norwalk
by
which
&
the T.
seeks
to
Rubber
illegal,
Co.,
Fight
the
Oil'
Corp.' of Chicago, to
LaBuy
settlement
of
two
sale
plan
until
"
.
April
!V
.
15
to
•
•
....
&
and
William
Mr.
Bro^n
Rashick
and
April 4 and the
Mr.
Schoen*
postpone
Later
a
proxies.
not
made
until
dispute
As
hot
-Nu-Enamel.- and"
a
arose'
stockholders'
over
result
the
known.—V;
169.
a
would
Result' of
a
maintain
the
delay.' He '.said'
their
offer
beyond
best-offer is for only $450,000.
said
action
Houston' as*
Rashick
Mr.
next
of
the
outcome
p.
1490.
brokers
the
meeting
method
of*the
*
of
,
G.
&
recogniz'ng
stockholders'
April
&
Steele
Co-
2
638.160
'"5.000
Wells
& Co,--
—
and
5.000
3,000
3.000
Stokes
3.000
C.
T.
per
record
to
'
2.000
Arthurs,' Lestrange,&
A.
E. Aub & Co,
Caldwell
3.000
jlohn B. Joyce & Co.——
1,000
Co.—.!
haa paid quarterly dividends of 25 cents
Septejnber and December of each year on
March
a
7.
1.949.
quarterly
It
is
the
dividend
A
present intention
policy,
1946
'" V
and
while
1945
J
'
J
118,267,192
112,676,585
48,606,996
48,663,1-36
1,130,603
1,004,348
939,725
204.241.835 184.319,504
10,030.869
9,440,943
167,878.536
160,269,447
6,842,733
6,15?,9l8
7,585,038
1?,657,602
7,833,900
-
2,421,655
2,126,731
1,706,654
1,379,107
11,666.429
11,09.6,566
9,436,749
7,493,206
and
20,920,853
18,250,269
15,025,333
.1
than
22.923.322
and
gen.
•
Fed.
Income.!.;.
23.095,424
5,193,335-
exps,„
1
4,806,318
'4.597,128
accts.
120.000
100,000
104,800
825,722
770,733
doubtful
plan
oper.
570,482
5,331,378
1,483,713'
4,645,303
100,000
4
570,427
expenses-
1,440,4.91
_J
5p, 892,973
390,386
48.498,652'
267,455
4Q2.428
319,083
51.283,359
48,766,107
53,1037821
67", 323,444
10,879,127
13,053,253
9,986,447
9,918,659
11,523,935
13,500,304
17,744,715
23,847,405
27,350.979
25,279,356
-2^445T47
2l,952,(TT4
2,338
l,4Ca
21,950 606
revenues.
income
—
income
_
income
1,348,585
1,105,916
income-
1,071,900
52,705,393
07,003,361
27.350,979
25,279,356
25,443,109
8,823.248
8,430,456
13,130,715
8,430,856
8.427,353
14,745,165
12,522,548
12,522,543
$2 51
$2.57
$2.72
$2.36
dividends
per com.
share.
CONSOLIDATED BALANCE SHEET, DEC.
1948
Property,
Other
;
;
plant
$
and
equipment
subsidiaries
1_
.Investments,
security-mvestments
Other'
investments,
contracts,
1.000
quarterly
share has-been declared payable oh March 21
continue
1,403,730
'
expenses.-
ASSETS
1.000
-stock,then. outstanding.
g
26,518,734
,
1.000
&
1947
'i
'Based on an average of 7,372,582 shares
outstanding during 1948;
6,565,358 shares during 1947 and 6,261,274 shares in 1946 and 1945." -
1.000
——
'.a—_
Fay
our
22,294,709
*Earh:s.
,
Phillips Co.——
&
to
YEARS
20,774,355
Net
1.000
——
I-Iooker
added
'■
"
Preferred dividends
2.Q00
—-——
l';/ Klima
.
expenses-
acctg.
other
Common
Williams & Co.,
Inc.
were
CALENDAR
1,940,474
2,000
3.000
common
on
directors
mains
FOR
6,999,737
Net
2,000
&
company
to
holders of
gas
STATEMENT
Applic. to minority int..
2,000
Co.——
3.000
—--
Co—
dividend pf 28 cents
the
of
conr
deductions..Prov. for Fed. inc. -taxes
2,000
Humphrey Cp..
5.000
i—
Inc.
of
miles
8,115,214
Gross
2.000
Newburger ,& Qo—
Welter
200,000
program.
" V
expenses:
Income
2,000
M'nJsch. Monell & Co.—
M"llaney.
will'require
construction
our
2,145,438
Net
*2,000
& Co
com¬
l,p90,215
Pension
2.000
Henry F. Swift 81 Co.,-_
March; June,
.shares
of
Prov.. lor ins, and .in¬
juries anfr damages-
2.000
Breckenridge
El Faso
border,
from that point
line
9,048,418
for
Misc.
Anderson
&
&
daily from Texas
The
expenses.—
Admin,
2.000
Ellis
"
promotion exps.—
lor
deprec.
and
Prov.
2.000
DiyiDENPS-r-Company .has paid dividends in varying amounts on.
its' common stock in each. year .since 1922.
During the
last two
per share in
was
repairs..
taxes wn
McCourtney-*
5.000
.
Co.—&
part
a
-
the California
to
■
amortization
Middlebrook
:
——
5,ooo.
Co.————
4.
stockholderelection
&
Inc.
Thomas
; Cooley
to
agreed
for
>
HalJowell, Sulzberger &
.' Co. '
"5.000 "
Brothers—;
Shlvcly
800
INCOME
.signed power
purchased—
Prov.
Tim Robinson-
Brashears ,& Co.-
Cobbey.
and
u-a———
collecting
2,000
—
Green,
5.000
Co.__
calendar-years the
had
scheduled
•
Fauset,
i—
& Co.;
lines
——u—"
Co.,
and
in¬
$60,000,000.
over
only
are
*
Transmission
2.000
....
—
Cunningham & Co.—js.—
Dabney &
Fitch
Boenning
a-
injunction
Baryet,
region.
company will build a 500-mije
The
California section alone
•
and
Taxes,
'
permit
ft. of gas
fields
7,539,251
3,000
6,000
Tyson -.—"a—————;.
stockholders' proxy dispute.
'
,
."
was
request?# by El|gar J, Schoen., attorney, for
Co., New York investment bankers.
Victor Millikan,
attorney-for Nu-Enamel Corp.. objected. He sa'd the
corporation will lose "a very advantageous" deal w'.th
Joseph Brown
The
Birhbaum
Brothers—'
Alrrtstedt
cii.
Bay
gas
12,033,443
3,000
——
Coburn
'
t.
Co'.————'
Vercpe & Oo.-i-v.;.'
the
17,525,768
•
6.000
Prcscott, Hawley,
,
Francisco
from
;.v
-
Safes
Inc
C. .Collings
over
th? company has
Co.! which contem¬
8,266,027
>.
6.000
5.000
Town sen#',
500,Q00,p00
San
Gas
18,525,270
Walter* &
Hurry
C.
the
units
-
supply,
26.007,958
Bingham,
6.000
R.'Slalts
gas
Natural
18,824,782
3,000
b.ouu
V/illiam
Rlocked—Proxy
Paso
13,499.347
3,000
6,000
.
Paqific .Co. .of California
.
as
El
32,338,803
Cummins,
&
to well
generating
Other
Co._._
5.000
Mason
Corp
Wood
bring
ex¬
Dams.
twice
.as. substations, transmission and distribution linos,
service buildings and all the other -facilities necessary; to
rapidly developing region are being added as promptly as
In 1948 alone more than
3,000 miles of electric transmission
Purchased
3,000
Co.
—
E.
about
Nat. gas
Harold
'
.
Houston, Texas, men..
the
Stiver & Co.—
&
„
Inc.
-Co——
The Illinois
La
restrained
Inc,
will
is
Keswick.
3,000
Wulff, Hansen & Co.——
6,000
Co.-_—
Siiepard Ji Co., ..Inc.—
Judge Walter J.
Wheclpck
6.000
a———■
—:
the
to
distribution
Total
3,Q0P
.
aggregating
Reclamation
3,000
Inc.—
Simon &
com¬
completion
and
this
Maint.
.
6.000
Co.—j-.
Leydecker &,
.
M,
On
1947.
during 3.943,
•«
of
sources
plate and will cost
Production
6,000
Ciqwelly Weedom & .Cp.-
Buy at Chicago, 111., pn April 4 blocked
company's proposed .$600,00Q sale of its oil subs.diary, Nu-Enaipei
Judge
"Co.
and
electric
.
area.
Other
-
3.000
Raggjo Reed & Co—
Saunders,
for
the
with
much
as
Our
system.
&
6.Q00
Ferris and Co.a——v——
>
On—^
Federal
Co."—_
Marshall—--a
Stephenson
A meeting of the debenture
holders scheduled for April 11 in the
company's New York offices has been canceled.
This action was made
known to all holders of 4% convertible debentures, due April
15, 1958,:
in
a
letter
sent
out
by the New York Trust Co., trustee for the
debentures.—V;-169, p. 1490.
.
•
'
•
r •
.1
Unit
and
5
3.000
Lynch
——
Weecjcn & Co.,
Cohu & Coi-J—1_
Oil
Co.——
Newbold's
7,000
Neyhaj.;d, CoQk M .Co.—»
Stix
the
of
represent
55,443,351
Christcnsen,
1947.
insurance
Shasta and
period
1848
W.
Louis
Boyce
Northwest
of
major' projects
*
—'
8,500
Lane,; Space &
Inc.—
>a-—
Pacific
■
of
oif|ce
serve
Peters. Writer &
7,000
&
Bureau
at
.
capacity
that
steel
Wagenseller & Durst,
.
Co.—_
Richards &
in
Bay
of
These
8,500
Pressprich & Co.—
&
&
plant
p.
66,562,366
Johnson.
CanceledCourt to Hear In¬
Corp.—Sale
Topock.
the
3,000
*
Nu-Enamel
near
&
Son
the.end of
1945.
available
States
Swiss American
Bradford
the
capacity of
construct lines
will
8.500,
Hill
on April 5 in the Superior Court at
Bridgeport, Conn.
Maguire company also seeks to remove the present
management,
a new election,
and to obtain an order
restraining any move
to .put the
company into bankruptcy.-
.
other
Distribution
C.
total
contract
a
plates bringing
Customers'
Foster
was
The
junction—
into
3.000
St.
to
region since
four-fifths
and
p.,
200,000 h,
expected
the
p.
than
h.
additions
demand
3,000
&
1951
another
3,000
H.
work
princ.pally by
127,745.550
Co.
at
$2.45
Ot^er features such
3,000
10,000
Davis, Skaggs & Cq._ai* '•'
Franeis I, duPopt to Co.
to (have
Meeting
in
Smith. Moore & Co.-
Bros.
construction
on
$
&
and
company's -program calls for
(he
of
additional generating facilities
1,200,000
in this
I,
J.
company
of
install
8.500
Metropolitan
Magtiire Co., of
the January elec¬
declared
postponed
Bondholders'
Co.—
Merle-Smith——
R. ,W.
A.
have
Co.
close
to
8,500
Stein
spent
1948, which were purchased
institutional-investors.
by the government.
pany
3,000
10,000
Sutro
.
was
136,275,733
Masten ,&
public
1948
Electric depaitment—,-r
G'a-s department————
10,000
Johnston, Lemon & Co
.President
the
of
the
Dick
mustered
the
3,000
12,000
•
Co.
oust
$158,000,000
aljead,. the
Blunt Ellis & Simmons-
by
of
i'or
$2.46
Gross Oper. Revs.—
Brocka,_,a__^_
Leonard
11,000
&
hands
were
3,000
—_
McAndrew & Co., Inc.—_
Baker, Weeks & Harden-
-*•
the
in
3,000
E.
.
and other
poss.ble.
Moore.
13,000
Co.—
First California
.
shares
CONSOLIDATED
A.
,
Report—
.
3,000
—
Annual
stock were
common
totals, earnings
To_ supplement
'
18,500
El worthy & Co.
&
October,
entered
3.000
Harper & Son
bonds
estimated
about. $.117,000,000 .was obtained from securities sold
during
the year and the balance
from working
capital
and
from the re¬
investment of depreciation and other income account
items.
Almoat
50,600 investors bought the $42,000,000 of preferred and
common stockq,
otfeied during the year, and an.
unknown but far larger number par¬
ticipated indirectly in the ownership of $75,000,000 ol bonds marketed
fifth
No. of Shs.
:4—a—'—
P.
the
are
electric capacity to be-added
during the
first sik postwar yeais will be bfiilt
by the company and less than one-
to
13-000
,
—
Maynard H. Murch $ Co.
years'.
firm,
Tire
President
Corp.-
Starkweather &
be .fa
been
24,000
Co.——
Schwabacher & Co.l—-
"very sick man," said
duly elected board to pick its.,own head for
a
mors
Simpson
officers
declared- to
&
Higginson
43rd
—
Irving Lundborg ,8t Co—
24.000
W.;E. Hutton & Co—VLee
Co.
3,000
Win.
of
future
President, said in part:
Lester & CO.—;.——,
(inc.-)
speqial
$10,000,000
immediate
1490.
of; which
and
*
•
Electric
&
common
than
More
Chapman & Co.
.VCo,'v—————
Central. Republic Co,
• >
that he has
;■ Inc.
-
60,000
about 40,000
to
—
he
Whitehead
1914, for
opposed
as
More
respective
.1,
the
on
the
p.
7,540,296, compared with 6,869,441 at* the close of
year-end
2,000,600 h.
agreed
L,
:
Co.r_'a___;—
controlled
were
stalled
Evans & Co.,
A.
Greene &
•
Total
1948
tons
the
■
'
J
65,000
company, adding, that he and his wile alone
of the common stock.
He said that 01,000
by his
'•
.
•
Smith, Barney &-Co.*—
1955.—
Tire
1947.
these
growth
•
maximum
severally
1,
the company,
are
'
.
has
Granide & Co., Inc
Norwalk
stock
underwriters and
purchaser
in
169,
.
to
Farwell,
by Mr.' Simpson.
He said (hat
replace' the present officers with
to
last five instalments;
on
sold
2,052,331
$3,290,805
shares
These comb'ned
''
,
be
1,761,336
$4,505,840
$2.51 per share upori an average
outstanding during the year.
This compares with
$2;.57 per share upon an average of 6,565.358 shares outstanding
during
pected
150,300 shs.
*•
requirements
to
$312,500.—V,
Gas
of- 7,372,582
8.000,000 shs.
mortgage.
70,000
5
chat only 550 sbares of
10%
of
management
April
by. the present officers.
<
Mr. Simpson, while
stating
John
the
on
continue a court fight
picked by his group.
personnel
Mi'.
reorganization
Co.
the
interest
series
exc.eed
1,144.943
$5,491,042
.
2,700,000
156,300 shs.-
of
234%
names
follows:
as
Bear, Stearns &
defeating a proposed $750,000. refinancing plan.
;
The insurgents, led
by Elliot E. Simpson, New York footwear broker
financier, also voted down a proposal to increase the amount of
outstanding common stock from 315,000 to 500,000 shares.
Complete
1979
to
approximately
10,000,000
4;800,000
1,429,294
$5,975,326
'
-Despite toe temporary curtailment of power
supply, the company's
sales of electricity exceeded those of 1947
by 6.7%.
'
'
Sales of gas continued the unbroken
upward trend .of more than 30
years and were 10.2%
more than in the
preceding year.
Gross revenues from all sources
'including miscellaneous income to¬
taled $204,632,000, which was
$20,045,000, or 10.8%, more than in 1947.
This substantial increase was
largely offset by higher operating' costs."
Interest
fin# dividend payments also increased because of the, larger
amount of bonds and stocks
outstanding.
-
by
instalments.
which
Blyth & Co. I'ic.iaa^__
and
Rubber
$5,943,155
Looking
bonds.).
6,000,000 sirs.
^
No. of Shs..
-
$6,237,176
Continued high levels of business
activity-during 1948 in the territory
served by the
company were evidenced by substant.ally increased sales
of electricity and
gas.
There Was also a record-breaking gain in thn
number of customers
receiving service.
pf
10.000,000
70,000
adjourned
shares
Outstanding
Goldman,* Sachs & -Co.
'
the management of
af
cdntern-r
*.
1950.
o(her. than the 1978 series and 1979 series
limitation as to aggregate principal amount,
without
the
tour
number-
.
the
issue
$1,000,000
July
$6,635,985
income—
panies
6,000,000
stock———-
series
interest
equip-:
planes, now
of
in
-
1948-^1957)3,000,000
(^ur $7.50 per share)
any
on. next
Co.—Proposals Voted Down—
Group Seeks Change in Management—
battle
t
by
tMatqre in equal annual instalments; minimum interest rates—2V2 %
Nor walk Tire & Rubber
won
•
$32,000,000
—
Hajlgarten -&'Co..-_,—! 40,00 0
Insurgent, stockholders
meeting held April 4 in a
j
$100)—a-,—300,000 shs.
(par
cum.v.pfd.
*,Bonds
may
including the Strata-*
the rate
at
sold
debt,,securities
Authorized
pfd, stock
subject to
'•
repayable
and
Northwest
.
loan
additional
of
10,000,000
notes
3.90'J.
presently-
program
Martin 2-0-2
of 25
scock
UNDERWRITERS—The
the
of
Dr'm
$7,404,620
income.,__
(Pacific
from the Sale by Cities Service of " the
stock is to be received by the company.
bonds, series due; 1979-—--
RFC."
entire
$5 943,842
13,463
Earnings for the
giving effect to the issue of 361,840 additional
Ccmmop $tocl^
payable
combination
$6,253,708
25.177
(net )_;.__
James B. Black,
company
be
to
$10,000,000
Cum.
subsequent
.
$3,200,000
series due 1978
.
be
original
The
forma
•(Instalment
>
dividends prob-.
will
$6,610,808
320,247
1,799,545"
;•
%-
bonds, 3 Ya'/r
$9,000,000. (
letter state
the
Cities
'
RFC
shares
and
stock
First mtge.
accumlated
company's
such
was
"the
1
I' !•;'
Serial
Boeing-Stratocruisers
The
issued by
First mtge.
to
pay common dividends,'.,
future
earnings
Over
some
of
retained.
estimated
■
banks.
the
success
service
planes would
which included
was
surplus
common
the
excess
with
upon
that
$21,C00,000
p.
ask
preferred
the
on
and
from
planes -will
'
new
quarterly,
RFC
these
operation,
The
credit
new
be
Fii'st mtge. bonds, 2%series due 1976
lsh'seeking the.right to
"coach"
program,
cruisers.
the
.consent,
be
10
provide that
out of
Dividends
of
consent
to
the
by
proceeds
comsnon
"..- CAPITALIZATION
,
T*
^
only
the
amount
$21,000,000
for
credit
new
with
without
new
pay
would
.
the
of
-
(Pro
proxy
credit,
owned
was
coirynon
'
$7,084,373
the
not
_
approximately
part
common
v
31,
may
to -March
ment
the
ol
used. to
order.
terms
Mr.
$18,000,000
purposes.
1,639,592
,
applied in part to-meet such expenditures -and in
temporary bank loan of $3,000,000 incurred in January,"
a
1598,078
-The -annual
of
2,638,160
in
;
*
;
statement, Croil
currently -aie concerned
the
of
shares
1,763,330
income
Net
'
w-11 be
construction
f38,-160 shares of
$21,000,,■'/
on
their-annual meeting April 18 will be asked
mortgage to secure equipment loans up to
$21,000,050.
a
of
No
this
letter to stockholders
accompanying the
President, said that the banks wnich
for
361,840
_
(Minn.)—Weekly Output-
stockholders.at
a
outstanding
which
361,840 new shares to
the
3,063,440
2,073,071
.
.
In
;
company plans to sell $10,000,000 of first mortgage bonds (bids
purchase of bonds will be opened April .11), the proceeds of which
to
be applied
to its construction program, and estimates that-, :
additional funds in "the amount of '$7,400,000 'will be provided
during 19.49 and 1950-by. accruals to depreciation reserves and from retained
earnings.
"
*
^
-•
/ i--\
v'
^
■
• ;
In addition to the funds provided as above the
company
contem¬
plates meeting any further, requirements from the proceeds of the
•
subscriptions .for
Northwest Airlines, Inc.—Holders to Vote
Equipment Loans—
approve
of
sale
,1945
949,725
Int., etc., charges.-
.
The
'"
appointed
000
Hunter,
of
1946
ex¬
'
for
company for the week ended Apr.l 2, 1949,.
totaled
63,434,000 kwh., as compared with 57.755,000
kwtt. for the
corresponding week last year, an increase o. 9.8
V. 16J, p. 1450. .,<*••
The
of
1947
YEARS
1.747,552
.
shares now
company
sale
Northern States Power Co.
all
,i.
are
company until the close of business on
April 18.
authorized by. the-cempany to
buy. or-sail lights
such- subscriptions.—'V. 169,
p. 1490.
"•••' V„'v
with
had
company
$5),
(par
1948
CALENDAR
2,534.305
Total
approxi-
per
the
1949,
agenf,-has been
connection
of
area
Co.
part to retire
~
replenish working
been
of
an
central
of
for
shares
'■
has
toe. acceptance
tor
the
and-other
taxes,
Other
-PURPOSE—Company recently contemplates construction expenditures
approximately $26,000,000 through 1949 and 1950.
The
proceeds
V
share-
new
.'
...
cipal .subscription agent
stock
cash
...
embraces
company
north
available
,
FOR
$29,786,692 $26,082,737' $21,857,507
$23,926,098
13,947,714
12.457,960
9.822,262
9,743,473
1.531,698 "
1,321,896
1.247,540
831,195
2,615,531
2,181,191
1,936,194
-Net oper. income.____
outstanding owned by Cities Service.
On the
completion of this financing the total amount of common stock out¬
standing will be 3,000,000 shares (par $7.50), of which 1,000.000 .shares "
will be in the hands of the public and the
remaining 2,000,000 shares-,
will be owned'by Cities Service.
additional
an
V
subscribe
New
the
miles in
financing
nbw offered consist
the
Co.,
this
common
and 638,160
methods.- /
two
offer
to
be- offered,
up to a maximum of 10 shares each.
;Pioceeds would be used for .new
construction and to
Trust
by
,
light o'h earnings,
.
In connection with this financing the
par value of the
authorized and outstanding common stock, is being increased
share, and $6,595,400 of the company's earned surplus is
being, transfeired to, capital in respect of the 2,638,160 shares of
cdtstanding common stock.
The
1,000,000 shares of common stock
•
to
proposes
subscription price being $29.50 and
running until April 18. ^Stockholders will be
shares not acquired by other stockholders or
by
officers and employees to whom unsubscribed
&
to
of
Service
period
Bank
served
square
'
.
»
5'
to
Ohio.
of
construction
its
profits takes__-_
cess
v*
-
approximately
by $7.50
a
funds
meet
.►
.
company's
the
of
raise
capital,
-Chemical
•
-
.operating
an
3,100
Prior
purchase
company
New York.
AND
is
territory
shares
«
stock
'
be
Co.,
industrial
needs
received SEC authorization
Stbckhqlders; will
Trust
&
of
361,840 shares of common
dividend policy, the amount ol
ahd
declared
by the directors
such
determined
■
Depreciation
Federal-income and
requirements
additional
EARNINGS
revenues
Maintenance
The Chase
the
t
OF
'
oper.
the
affect
the
Operation
'
Ohio, having a population
526,000.
This area includes large agricultural', and
sections, ' the more important industries including, among
ethers, steel, iron, and steel products, machinery and rubber.
1
of
authorized
year.
Gross
„
of
be
in
'
by
Co.
that
will
will
time
to
SUMMARY
bid
a
&
Registrars, Central National Bank of Cieve- '>
Hanover Bank
the State
mately
.Rights to Stockholders—Subscription Agent—
406.000
on
Peabody
BUSINESS—Company, incorporated in Ohio Oct.
public Utility engaged in the production,
transmission, distribution and .sale of electric energy wholly
1921,
within
its
comb.nation
a
5
.submitted
was
Kidder,
agents, The National City Bank of Cleveland and
Central
purchase,
is
.'
season..
and
-
COMPANY
11,
through the sale of debentures
the. 1950-51
share
a
Beane
April
bidding
$14,809
&
issuance
hereby
dividends
Other
of .425,-
autnorizat.on
order
-According tc the application, the
companv
for the proposed new
construction either
or
late
application, the company is asking for FPC
further
of
'
r
and
competitive
bid
A
Feiiner
Lynchy Fierce,
Jointly r.
land
authorization
gas, now has a system
of Kansas. Facilities
north
this
share.
per
at
National Bank. New York.
The company
proposes to construct a to'.al of
approximately 327 miles
of
pipeline in Kansas, Nebraska and
Iowa; to install 10 compressor
units with an
aggregate horsepower of 16,000; and to build a
dehydrat;on plant at Garden
City, Kansas.
' *
Northern Natural, which said
the additional capacity is needed
to
increasing demands
$15.03
awarded
was
believe
not
offered
future
be sold
to
_
Federal
daily.
gas
issue
stock
by the company and 638,160*.
outstanding to be sold by Cities Service Co..
now
Merrill
Authorize
Increase
$27,800,000.
in
existing factors.
The
construct and operate additional natural
gas facilities which would
increase capacity of the
company's system north of Kansas by 60,000,-
by
time
then
-Transfer
FPC
Would
Feet
to
meet
from
i
Natural
000
or' the
204,836,780
574,643,793
program
1338.
p.
(1565)
dots
shares
97,668,764
(unappropriated!
CHRONICLE
company
of
169,
The
361.165
103,893,715
Total
.
819,654
-
586,347,365
Earned
-y.
688,679
369,513
FINANCIAL
361,840 shares
41,110,800
498,836
375,922
surplus
&
underwriting syndicate, headed by Blyth & Co., Inc., on
April 6-offered 1,000,000 shares of common stock (par
$.7,50) at $10 per share.
The shares offered consist of
162,638,503 162,633,500
48,016,632
49,783,132
44,585,032
——
COMMERCIAL
Ohio Public Service Co*—Common Stock Offered1—An
.
Capital stocks (adjust, pfd. & com.)
Long-term debt
Cunent-liabilities
Unadjusted
THE
etc
a-
a-.__
,
apd
(U.
Misc.
(74,910,878
1,458,155
$
1,492.475
»-»
235,078
<
878,699,643
699,409
241,679
1,740,05
330,346
13,706,700
—
241,676
hand, demand deposits
time
S.
deposits
cash
Govt,
special
Accounts
Materials
Deferred
1,121,738.202
141,213
Temporary
.
1946
$
spec.al
deposits
on
31
1947
.
long-term-
Total sinking funds and
Cash
■-
and
and
25,508,222
—
deposits..
notes receivable!
supplies
charges
21,737,234
9,974,460
28,690,427
251.979
393,851
16,828,332
investments
securities)
a
a—
15,461,594
-
450,505
13.874,518
13.070,722
11,702,106
23,012,190
21,209.932
12,867,124
13,542.612
12,252,553
12,345,977
1,209,736,329 1,074.333.096
964,£42,5,74
of
the
Total
—-
'
10
preferred stock
stock
Common
Excess
•
of
disct.
&
Funded
in subs,
int.
(held
171,738,100
156,533,925
unpaid—
debt
payable
—
meter and
Dividends
-
....
deposits.-
line
payable
Accrued
bond
Accrued
taxes
for
1,311,972
not due_
and
current
«
Res.
for deprec,
Res.
for
insur.
and amortiz.—
casualties, etc.-
Earned
surplus
Capital
surplus
—
Total
57,253,863
627,217
58,650,080
627,217
627,217
964,942,554
1,074,330,096
1,209,736,629
issuance and sale of
1,500,000 shares of redeemable first preferred stock (par $25), subject
to
approval
of California
P. U. Commission
and the SEC.
Price,
dividend rate and redemption prices will be determined prior to the
time of the offering.
Company proposes to use the proceeds of this
issue to finance in part the large construction program upon which it
his been engaged since the end of the war.
Traditional underwriter is
Blyth & Co., Inc.—V. 169, p. 1338.
,
directors
April
on
the
authorized
5
169,
issue was awarded
2.55%
on
bid of 99.67,
a
'
•
about
net interest cost of
a
;
•
.
,
Hutzler, 99.14; Harriman Ripley & Co., Inc., and Lehman Brothers
(jointly) 99.13.
The certificates, issued under the Philadelphia plan, are the final
W.
The
issued
proposed
a
aggregate
to
ment
of
series
$19,995,000 trust certificates,
amount of these certificates are
issue
principal
of
being
provide for the following new standard-gauge railroad equip¬
to cost not less than $24,993,750:
18 diesel-electric
estimated
locomotive type "A" units; 28 diesel-electric freight locomo¬
"A" units;
11
diesel-electric freight locomotive type "B"
units; 81 diesel-electric switching locomotives; and 45 all-steel sleeping
passenger
tive
type
cars.—V.
1490.
169, p.
'
*
V
.
•
•
.
•
;
Pennsylvania Salt Mfg. Co.—New Products—
Two
new
designed to simplify bperations in the' laundry
industry, were announced recently by this company.
by Pennsalt's' Whitemarsh Research Laboratories for the
products,
dry cleaning
Developed
company's
Laundry
and
Cleaning
Dry
the
Division,
products
new
are
SPARKETTE,
a different and
complete detergent for laundry oper¬
ation, end ERUSTO ENERGEX, an energized de-soiler for dry cleaning.
SPARKETTE, according to company officials, is a complete deter¬
gent in granular form that dissolves and works readily in hot, cold,
relatively hard,
Usable
in
ENERGEX
dry
In
sold
now
solving
of
and
as
have
to
'the
ERUSTO
ENERGEX
on
many
the
even
types
even
soil
of
heaviest
when
has
the
may
with
used
large
disintegrating
a
with
woolens
ERUSTO
emulsifiers."
detergents, concentrates and
soaps,
claims,
of
solvents,
suspend dirt in the
desirable
qualities of many
and
loosen
company
169,
synthetic
or
the
action
grounds
"
>
petroleum
by Pennsalt to
moisture,
of
—V.
by
process
addition,
tities
types
said
cleaning
products
soft water.
or
all
is
result
be
that
cleaned
quan¬
and
dis¬
back¬
the
clarified.
and
electric
The
output
ended
April
2,
5,053,000
kwh.,
or
week
of
169,
Pennsylvania Telephone Corp.—New President, Etc.—
*.
Carl
H,
poration,
Engh
Mr.
the
of
eastern
group,
phone
Corp,
Central
31
elected
was
Chairman of
also
five
has
been
the
President
elected
board.
this
of
cor¬
to
succeed
Mr.
Engh
as
Pres¬
other
compnies
comprising General Telephone's
Ohio Associated Telephone Co., Upstate Tele¬
namely:
of New York, Tri-state Associated
Telephone
Corp.,
Telephone Corp, and Delaware Valley Telephone Co.
eastern
was
formerly
companies.—V.
Vice-President
167, p.
and
Treasurer
all
of
of
1260.
Pennsylvania Water
have
of
account
collateral
been
the
trust
& Power Co.—Partial
sinking
for redemption on May
4, next, for the
fund, $103,000 of refunding mortgage and
3'/»%
series due 1964, at
105
and interest.
this company and its subsidiaries for the'
amounted to 146,030,000 kwh., an increase
3.6 7/, over the corresponding week of last year.
of
1949
will
be
made
the
at
New
Broadway, New York, N. Y.—V. 169,
York
p.
Trust
Co.,
trustee,
100
909.
C., Inc.—
Files With SEC—
company
SEC
for
be sold
000,000 shares of common stock, class A, 200 preferential
series, (par $3) and 1,000,000 shares.common
in units of one share of common
$3.50
These securities
unit.
per
on
March
benefit of
filed
31
Schwartzman,
Underwriter
company
a
letter
notification
of
with
the
stockholder.
a
Willis
E.
common stock, of which 214,500 will
and 82,500 shares for benefit of Samuel
The offering price will be $1 per share.
Burnside
win be used to
discharge
working capital.—V. 169,
taxes,
p.
&
Co.,
notes
Inc.,
and
New
accounts
York.
Proceeds
payable
and
for
10.
1949
was
$14.25
as
stock
The
transferable
is
transferable
thereafter
corporation on
in
only
such
until
units
with
$14.41
per
share
833,000
on
John
P8£C
ventional
the
convertible
modern
small
a
production
limited
top.
largely of
automobile,
ATTEMPT
financed out of
to be
program
should
the
for
dealers
obtained
the
purchase
Jan.
will be sold
for the
are
one-shift
in
of
number
such
customers
from
it
would
have
contemplates
been
12,000
the
of
shares
c$rs
earlier
the
100,000
in
cars
per
PURPOSE—The
the
entire
payment
issue
annum
per
J,
Powers, Jr., Secretary, has been elected
it
may
to
the
which
selling
has
price
—V.
would
In addition
that
the
and if such
generally,
a
Director.—V.
169,
Philadelphia Co.—SEC Not To Consolidate
Hearings—
solidate
the
Ap^ 5 lssued
proceedings
on
a
an opinion denying a motion to con¬
plan for corporate
simplification
of
the
company
(on which hearings commenced April 5)
with proceedings
pertaining to that company's parent, Standard Gas & Electric Co.
The motion also
sought to enlarge the scope of the present proceed-
af t0
or
p"g,®
consideration of plans for reorganization
which
Philadelphia
Standard Gas
m-ssion
interested person.
or
any
mission.
_
might be
This, too,
submitted
was
denied
to
the
and
plant
cars
and
was
renewal
Electric
denied
at
Co.,
by
some
the
later
35
May
cents
2,
costs
uses
a
STRUCTURE—The
Commission
date,"
"without
prejudice
stock,
class
stock, class B
securities
TO
of
common
balance
$135,000;
would
have
its
possible
approved
6
share
per
before
the
on
increased
the
common
cash
dividend
increase in
an
payable
stock,
common
on
record April 22. This is equivalent to 70 cents
stock was split, and is a 40% increase in the
Previously, the company paid 50 cents per share
of
the
dividend.
in addition, an extra of $2
" •
share was disbursed
per
.
Rayonier, Inc.—Earnings Fall Off—New Director—
corporation
share
per
will
the
on
first quarter earnings of about
alter providing for preferred
show
$1.71
divi¬
stock
common
compared with $2.16 per share for the corresponding quarter
1948, and a decrease in tonnage sales of about 16% according to
dends,
of
at
President,
"
preliminary figures announced by Edward Bartsch,
annual meeting of stockholders on April 5.
,
:
a
the
in sales and net income
to temporary curtailment of production by viscose rayon and acetate
yarn producers, Kayonier's principal customers.
Mr. Bartsch stated that net income lor 1949 probably will not be as
He
attributed
great
the
first
continuation
nually
and
and
debt
decrease
of
present
the
provide
more than sufficient to
dividend rate of $2 an¬
amount for plant expenditures
should be
common
substantial
a
reduction.
William
and
still
quarter
but that profits
last year,
as
justify
Reed, President of Simpson Logging Co.. Shelton, Wash.,
of
Seattle-First
National
Bank,
Seattle,, has
been
G.
director
a
elected
director.—V.
a
Reed
Roller
169,
1232.
p.
.
Co.—Common
Bit
Listed
Stock
New
on
York Stock Exchange—
The
New
York
stock
common
or
a
total
Stock
(no
Exchange
169,
par).—V.
Jan.
on
pp.
listed
24
381 and
630,000
shares of
607.
(par
stock
of
(not
includ¬
initial instalment
estimated capacity
an
of
Negotiations
the
of
share
common
the
Los
to
5
will
Pursuant
to
3,000,000
cents)
are
*Outstdg.
though
ON
common
stock,
resolution of
the
class
to
B,
at
OF
TRANSFER
SALES—
the
unit price of $3.50, of
a
to the share of common stock, class A,
stock, class B.
directors of the company, the
the share of common
board of
shares
comprising these units may be
transferred separately after
March 31, 1950.
Prior to that date no shares of common stock, class A,
common
transfer
to
stock,
the
class B
may be
transferee of
same
transferred
an
equal
to
without
number
of
a
simultaneous
shares of
the
that the prospective purchasers failed
which the purchase offer of $27.50 per
to shareholders.
They stated that, al¬
to comply with the terms of the original
through
escrow
have
to
the
made
been
failed
buyers
formal and informal negotiations were not abandoned until
21.
The
Los
&
Co.,
conditional
submit
brokers,
Angeles
Harker
their behalf
on
individual
Barbour,
Smith
&
Co.,
Fairman
&
Co.,
in December notified the "Exchange they had ac-"commitments from a firm of Texas oil producers
stockholders of
to
the
holdings of
Republic
company's common
an
offer to
stock
at
pur¬
$27.50
a
share.
indicated
They
be
sold.
offered
public only in units
stock, class A, 20c preferential dividend series,
be
the
was
chase
1,000,000
2,000,000
for the purchase by Texas interests of substantially all
stock of Republic Petroleum Co., originally announced
Angeles Stock Exchange
open
share
cepted
2,000,000
$3)—————
being registered
common
of
$27.50 per Share
early in January, have been terminated, it was disclosed on March 25.
The Los Angeles-brokers for the Texas interests on March 25 notified
agreement,
series
(par
hereunder
share of
of
Offer
Republic Petroleum Co.
capital structure of the company is as
PUBLIC—RESTRICTION
securities
one
A
dividend
tentative in character and might
without notice.
Its disclosure, they said, was solely for
of making available to stockholders information which
canceled
the
purpose
might
In
with
be
of
proposal
consideration
to
was
them.
January, attorneys for the brokers filed a copy of the agreement
the
Los Angeles
and San Francisco Stock Exchanges and the
Securities
The
and
names
Myers
of
the
The
bank.
Exchange
agreement
whose
to
the
Commission.
revealed
that
as
agents
for
prospective
the
Texas
of
buyers
stock
held
by
other
stockholders.
agreement was subject to the opening of an escrow
(Los
buyers
given as Foster Bros. Petroleum, Inc., and H. H.
they would use their best efforts to obtain the sale
were
Angeles
"Times.")—V.
169,
p.
with
a
local
607.
class.
ALLOCATION
OF
CONSIDERATION—Out
be
to
April
on
quarter, and,
21, 1948.
This
Shares
A, and common stock,
by the protective committee for Standard
prior preference stock, $7 and $6 cumulative.
Co.—Split-Up Approved—35Increased Stock—New Direc¬
on
Pirinell, Manager in general charge of all domestic construc¬
tion
work
for this corporation,
has been elected a Director to fill
the
vacancy
created
by the
retirement on April 6 of Lance G.
Finlay, as Vice-President and Director.—V. 169, p. 1491.
two-shift basis.
a
such price $3.45 being allocable
and 5 cents being allocable to
of
147.54
$50 par
share,
James
the company estimates that
self-sustaining basis;
distribution
of
on
annum
by the Comthe Com¬
preferred
bond___—2,504.36
'
■
3:/4%
Dec.
realized, it is planned to devote them,
and in the order stated below: Reg¬
are
equipped
above
as
per
preferential
Common
other
share
per
as
.
hblders
to
regular
each
on
car.
Authorized
or
convertible
trust
1232.
p.
share
per
and
Common
of one
of $1.55
stock.
common
Terminated—
following
other
is on
company
proceeds
by
The motion had been filed
Gas
lu
of
and
first
two quarterly
instalments on plant, $500,000; equipment,
$1,000,000; outside
tooling, $125,000; engineering and testing (esti¬
mated), $135,000; pre-production and "starting-up" expense, $340,000;
working capital, $1,240,000.
20c
of
obtain approximately $500,000 from the sale of franchises prior
time
ing underwriter's commission),
The
its
of
by a two-for-one split of the common stock.
directors on the same date declared a quarterly
The
$3,475,000.
12,000
165, p. 2007.
buses.—V.
during March
increase
an
value
stockholders
The
be,
thereto,
reports
market quotations
cumulative
169,
stock,
approximately, $2,975,000 after
commissions but before
deduction of
underwriter's
SEC
tor Elected—
taken
the
Ac¬
Co.—Net Asset Value
Securities
Raymond Concrete Pile
program.
for
the
to
purchase of new
the
Cent Dividend Declared
the company from the sale of
proceeds to
offered
for
1491.
Transport—Proposed
application
made
Light
asset
upon
collateral
:
estimated
of the issue.
expenses
and
°n
on
net
4%
common
year.
now
the
of
increased
an
retirement plan
proposed
a
——
This, together
place during 1948,
The company
hopes that this increase will not be permanent, but it makes no repre-sentation that it will not be, because the prospect of eventually reduc¬
ing the selling price to the $l,000-price class, as originally contemplated,
is dependent, first,
upon the successful completion of this financing
and, second, upon further substantial financing for production on a
greatly increased basis, approximating the original production program
under
increase in costs
general
on
*
company
the
Per
twoshift basis, requiring a minimum expenditure
of capital funds, and
the use of some temporary tools and dies.
Production on this basis
will involve more man-hours per car and other costs,
including de¬
ferred
charges and amortization, and therefore will be more costly
the
vote
Coordinated
has
&
Per
or
present
resulted
will
also
of March 31, 1949, the net asset
coverage of the company's outstanding securities was as follows:
Per
common
share
—$24.39
financing program does not include any such
figure, and the company's plans for tooling and equipping
its plant have been substantially revised.
The company's limited pro¬
than
1,875,000
principally in
and
Based
Aug.
now
to
would be increased
shares and the authorized preferred from
stock
common
shares.
Service
Railway
minimum
program
23
May
meeting
annual
the
at
Common Stock Increased in March—
basis.
Company's
to
375,000
company
gram
1948,
and
asked
be
authorized
the
for authorization
acquire 200,000 shares (no par)
common stock of Public Service
Interstate Transportation Co. for a cash consideration of $2,000,000.
Interstate will use the funds in connection with its construction pro¬
The
should aggregate at least $8,500,000.
Between
23, 1948, the underwriter reported to the
company
the receipt of orders totaling
$10,440,000, which orders,
had
they been collected
in full, would have
more
than met the
minimum
requirements,
and the underwriter commenced soliciting
payments to
be placed in an
escrow
account.
However, by, the
end of
September, 1948, 'payments received had been so relatively
small
that
the
company
and
the
underwriter
agreed
that
the
underwriting
agreement
should
be
terminated
and
the payments
received
returned
to
the senders.
This was done, the offering was
withdrawn
on
Oct,
20,
1948,
and
the
securities withdrawn from
registration under the Securities Act of 1933 on Jan. 3, 1949.
This previous offering of securities was intended to permit the com¬
pany to launch a production program of at least 100,000 cars per year
for sale in the $l,000-price class, the' proceeds of the offering to be
used primarily for
the tooling and equipment necessary for such a
program.
The minimum figure of $8,500,000 was set by the company
as
a
figure within which there could be no reasonable doubt of its
ability to tool and equip to produce at least 10,000 cars per annum on
1,
1948,
will
plan,
to
stock, the net proceeds of which when added to the net proceeds of the
sales of dealers' and distributors' franchises, received by the company
29,
to
Public
prospectus
a
commitments
firm
of
the
quisition—
delivered thereunder unless and until the under¬
or
have
additional funds tp finance its construction
proposal not subject to the objection cited
169, p. 1329
promptly considered."—V.
stockholders
The
FINANCING —By
AT
alternative proposal.
The Commission's findings
application the Commission is cognizant of
for
alternative
be
liquidate
used to
2% and 2'm 'if •
The
PUC virtually invited
of only
314 %.
employees of the company and its subsidiaries.—V. 169, p.
con¬
still to be completed.
are
stock should be sold
has
rate
be
would
$17,000,000
interest
an
this
need
1,250.000
The
dated
May 20, 1948, the company offered to the public 20,000,000 shares of
common
stock (par
1 cent), at $1 per share.
The issue was under¬
written under a "best efforts" agreement providing that no shares of
a
its 1949 construction program.
proposal, which called for
companies,
the
proposed increase' in the company's capital structure.
a
250,000
and a midget car.
In
All developmental work
coupe
steel
PREVIOUS
May
reject
fact
by the
carry
stockholders
from
addition, it utilizes a con¬
011 the Playboy convertible
has been completed and the design has been "frozen" for commercial
production. However, some routine engineering work, and considerable
after
to
For the time being, unless and until
design and construction.
small
writer
about
Any
Under
|The Playboy convertible is about midway in size between the conven¬
vertible
testing
decision
which
v/ill
approve
"factory list price."
tional
refinance and to pay for
"In
The
*
industry practice is considered an optional item)
$1300 to $1,500 price class.
The figures given
the
the
ized Stock—
value 5
par
company's
in
of $37,000,000
Public Service Co. of Colo.- -Plans Increase in Author-
The purpose of the merger was
of the enterprise from New York
proceeds of this offering can be subtsantially expanded through further
financing no arrangements for which have been made, the Playboy
convertible (including as standard equipment an overdrive, which under
normal
preparing an alternative proposal
of debentures which
were
the
submit an
denying
to
program.
has outstanding at present
class B,
distribute
and
24
Public Utilities Commission.
In denying Pepco's
PUC acknowledged the company is in need of addi¬
by
company's
herein
pro¬
1,000,000 shares of common
cents per share, which were issued to the
promoters and organizers of the company.
The company's principal place of business is at 2450 Kenmore Ave.,
Tonowanda, (Buffalo postal zone) N. Y.
It plans initially to produce
The
10*
D.
,
officials March
notes
stated:
organized as a New
Delaware.
The company
stock,
PRICE
Co., Inc.—New Director—
issue, upon
funds to
Pepco
1950;
Dec. 24, 1947.
on
the state of incorporation
change
to
31,
March
1946, for the purpose of developing,
Nov; 27,
organized
name,
*If all
&
1933,
New
Street,
Washington,
of
application for the issuance
brought
was
York
14o6«
(Chas.) Pfizer
Wall
16
Bank
Commission's
bank
follows:
after providing an allowance for
i/oc lncome tax on unrealized appreciation at both dates.—V, 168,
the
rejected
the
on 829,800 shares outstanding at March
compared
Co.—Definitive Bonds—
due
closed sale of the debentures to three New York insurance
a
distributing and selling automobiles.
On Jan, 27, 1948, the
corporation was merged into a Delaware corporation of the
ducing,
same
to
the
tional
separately.
HISTORY AND BUSINESS—Corporation was first
York
®^®res outstandin8 at Dec. 31, 1948,
P«
of
Company
The
offered as. a specu¬
are
-
o,Nie,fcnAsset Value per share
the
of
are now available at the
York 15, N. Y., and at The
C„ Washington 13. D. C.,
surrender of bonds of such issue outstanding
series
debentures would carry an interest rate of
CAPITAL
31,
Co.,
temporary form.
March
Petroleum Corp. of America—Net Asset Value—
Trust
application
lation.
istration
297,000 shares (10c par)
for
and
and
Secretary,
1491.
p,
bonds,
National
trustee
in
was
dividend
When
Pepsi-Cola Bottling Co. of Washington, D.
Eankers
Riggs
to
Corp., New York, on April 5 publicly offered 1,-
of
Payment
169,
y/>
Definitive
stock, class B (par 50)
Redemption
called
bends,
Comptroller.—V.
Playboy Motor Car Corp.—Stocks Offered—Aetna Se¬
curities
of
There
officers
Louis Horwitz,
follows:
as
Vice-President,
Preparing New Plan for Sale $37,000,000 Debentures—
with
.
Vermont
McKenzie
the
March
on
subsidiary of General Telephone Corp., to succeed Harry M.
McKenzie
ident
Mr.
McKenzie
a
who was named
are
Thomas,
1490.
p.
principal
the
of
names
President and director; Charles
director; Norman W. Rich¬
ardson, Treasurer, Assistant Secretary, and director; J. Wilson Goetz,
directors
D.
Philadelphia Electric Co.—Weekly Output—
duction
1490,
p.
MANAGEMENT—The
,
,
and
may
.
Three other bids, each naming a 21/2% coupon, were received at the
These were: The First Boston Corp., 99.149; Salomon Bros. &
sale.
instalment
1339.
p.
incorporation cf the company provides that such paid-in surplus
not be used in whole or in part for the payment of dividends.
of
expedite
than
Potomac Electric Power
New
RR.—Equipment Trust Certificates Of¬
fered—An underwriting group headed by Halsey, Stuart
& Co. Inc. on April 6 was awarded $9,990,000 equipment
trust, series W, 2%% equipment trust certificates, ma¬
turing $666,000 annually Nov. 1, 1949 to 1963, inclusive.
Subject to ICC authorization the certificates were reoffered by the group at prices to yield from. 1.25% to
2.10%, according to maturity. Other members of the
underwriting group were: R. W. Pressprich & Co.; A. G.
Becker & Co., Incorporated; Gregory & Son, Incorpo¬
rated; Hornblower & Weeks; F. S, Moseley & Co.; Otis
& Co.; L. F. Rothschild & Co.; First of Michigan Corpo¬
ration; Freeman & Company; Graham, Parsons & Co.;
Hayden, Miller & Co.; Hirsch & Co.; The Illinois Com¬
pany; Wm. E. Pollock & Co., Inc.; McMaster Hutchinson
& Co., and Mullaney, Wells & Company.'
Pennsylvania
The
complicate, rather
slock, class A, and one share of common stock, class B at
May Issue Preferred Stock—
The
V.
—V.
—„—
62,279,231
-
160,935
955,808
24,032,081
26,017,536
254,236,052 ' 232,450,233
1,188,512
1,259,953
872,564
credits
Deferred
f
Gas reorganization into
the Standard
in
would
8,632,803
1,012,762
2,656,310
3,133,016
•
,
25,010,585
269,283,842
1,103,356
——
328,742,000
408,725
138,698
1,125,632
145,750
,__1-
interest
prior years
-
-—
due
interest
460,lo0
281,456
16,763
399,892,000
163,575
10,426,705
952,129
2,803,336
3,437,105
350,448
17,330
471,451,500
79,550
10,869,402
1,424,898
3,008,597
3,770,287
consol.
public)-
by
Drafts outstanding
Bond
144,620,625
received over
on capital stk.
funded
Accounts
Cust.
144,620,625
188,509,475
(par $25)
exp.
debt
Matured
169,620,625
(par $25)
prems.
min.
Total
"injection at this time of th& issues
the Philadelphia Co. situation
the consummation of an ap¬
propriate plan for the latter company."
As to the enlargement of the scope of the proceedings, the Commission
stated:
"Such enlargement would introduce additional questions the
relevancy of which is not clear at this stage of the proceedings.—
the Commission,
According to
LIABILITIES—
First
Monday, April 11, 1949
the commercial & financial chronicle
nr;r:lFs;W
(1566)
of
the
consideration
to
by the company from the sale of the common stock, class
class B, offered hereunder in units, the sum of
$3 per unit is to be credited to the capital account applicable to the
common
stock, class A, and the sum of 5 cents per unit is to be
credited to the capital account applicable to the common stock, class B.
The balance received by the company in excess of $3.05 Per unit is to
be credited to'an account entitled "Paid-in Surplus."
The certificate
received
Republic Pictures Corp.
13 Weeks Ended—
Profit
before
Federal
Net
income
Jan. 29,
Common shares
per
-Earnings-
'49 Jan. 24, '48 Jan. 24, *47
taxes
.
outstanding
common
share
$413,800
$229,945
165,000
taxes—
profit
Earnings
(& Subs.)
90,000
211,276
$248,800
Federal
$139,945
$344,714
1,817,860
1,817,360-
1,317,860
$0.08
$0.02
$555,990
$0.13
Volume
directors
the
on
July
$1
cumulative
and
1
Jan.
April
on
to holders
1
and
of
The
board
4%
per
2%
on
convertible
annum
June
record
April
1,
1949,
still
dividends due
unpaid,
the
Oct.
1, 1948,
distribution
last
the
at
full
rate
of
June 30 and
on
next.
Cash
elected
director.—V.
a
169,
Due
subsidiaries
from
Inventories
retail
incorporation
the
the
redemption and retirement of all of
preferred stock redeemed on June 30,
convertible
trust
in
Investments
Cortland
The
War
Administration
Assets
April
on
sale
announced
4
tLand,
Debt
the
of
market,
Equipment
Safeway
buildings
2,179,703
4,278,209
273,710
340,247
6,693,926
6,693,926
11,744,767
5,340,777
4,340,777
276,952
433,983
9,836,177
8,104,938
less)
or
leasehold
improvements..
premium
and
unamortized.
(prior
expense
deposit—U.
66,434
76,855
134,679,056
Rapids,
sale
The
and
the
value
Mich.,
to
the
in
the
10
with
years,
interest
Co.
4%
at
plant
aluminum
Inc.,
Metals
Total
paid down
be
7,127
S.
bonds
15,000
Accounts
property had been put at $2,100,000,
equipment—
Reynolds
under
had
company
five-year lease
a
been
with
operating
option
an
since June 1,
an additional
plant
the
lease
to
for
years.
to
Located
on
39
some
and
of
acres
equipment.
It
land,
for the production of
and tubing. The plant's
designed
aldminum.—V.
169,
the
built
was
plant
during
buildings,
includes
World
II
War
high
strength
aluminum
rated
capacity
is
and
rod, bar,
10,800,000 pounds
807.
p.
Notes
The
75,921
$6,531,530
—
$5,298,126
payable (banks)___.
$300,000
Income
$30,429
sundry
taxes,
taxes
promissory note..
for contingencies
stock
(no
paid-in
Earned surplus
*1,200,000
:
420,000
in
of
5,000
with
statement
shares
of
the
836,805
836,805
1,604,246
$6,531,530
company
both
in
April,
and
1947,
and
pre¬
engaged
is
in
said to
be
come
from those
is
be
have
stock
The
to
undertaken
used
to
for
company
sale
at
itself.
$60
Net
from
Net
ry.
Proceeds
The sale will
the sale will be
share.
from
Net
Net
1947
$436,394
4,416
*46,766
*22,971
*80,608
*44,079
*109,398
*55,585
1—
railway
$5,298,126
885,894
income
oper.
169,
878,858
896,988
793,346
*57,218
*120,237
*49,897
*225.177
.
1012.^'
p.
from
*153,585
*111,033
*237,326
$4,000,000 U.
Period End. Feb. 28—
1947
1948
1946
from
Net
ry.
—V.
$1,475,807
480,137
107,528
385,964
218,121
1949—2 Mos.—1948
1949—Month—1948
$4,730,703
$9,903,495
$9,683,044
3,179,840
2,918,042
6,630,129
3,008,904
3,994,193
3,009,830
2,905,903
614.411
1,528,774
952,422
1,236,057
214,320
776i988
464,114
117,038
90,883
234,994
159,870
444,938
497,773
844,625
1,093,189
158,252
235,711
$1,065,752
$1,958,036
$2,214,732
29,598
54,338
65,858
taxes__
income
taxes
Federal
115,708
oper..
income
$981,878
oper.
ry.
income
24,767
Total
$
$
sales.—
6,926,676
$
■
$
,
94.162,095 261,034,512 276,404,359
6,093,760
17,909,518
20,230,872
A. Warren; President, in the company's annual report for
told stockholders that
"irrespective of general conditions, Safe¬
should strengthen its position in 1949."
He emphasized that the
company is in a position "to take full advantage of favorable supply
and price situations and thereby void losses which
would otherwise
accompany a falling market."
;
Lingan
1943
way
company's
confidence
of
based,
was
aptions during the past year.
stated,
he
expense
locations,
its
streamlined
the
upon
"The company has reduced
percentages, eliminated undesirable
installed,
additional
and
mote
efficient
operating
and unprofitable
equipment,
and
operations."
All of these
improvements, Warren's message reported, placed the company in a
position to forge ahead from both a financial and operating standpoint.
The
buying
had
company
States
end
the
at
2,103
of
1948
CONSOLIDATED
warehousing
and
retail
stores
compared
as
in
.
of
——
sales
admin,
and
Oper.
Rental
of
paid
the
in
on
Dec.
to
&
1947,
CALENDAR
262,383
272,436
535,012
482,844
$744,262
$822,914
$1,477,362
$1,797,747
22,717
17,014
46,810
31,125
The
$766,979
$839,928
$1,524,173
$1,828,872
was
158,946
169,755
307,265
340,511
$608,033
$670,173
$1,216,908
$1,488,361
income
income—
income
inc.
gross
income
169,
111947
51946
for
Provision
on
the
in
.' J"
■
exp.
4,540,304
Sutter
1200,.111
debt
term
434,824
-
582,517
$13,150,871
$20,525,497
1,590,739
435,745
Loss on
450,000
long10,421
...—
Other interest
._
Industries,
Schenley
Net
Fed.
for
income
taxes
oth.
for
profit
Cash
divs.
Cash
divs.
Earings
$20,961,242
517,912
10,421 J
107,705
227,820
152,945
1,388.102
1,234,750
25,212
35,043
surtax
5,275,730
4,316,000
6,973,089
taxes
282,276
316,434
*694,397
$9,978,231
$8,102,464
—
on
on
per
income
Co.
of
Pittsburgh,
Negotiations were con¬
behalf of the company by The First Boston
Bankers Life Co. of Des Moines.
ducted
on
,
bank
of
financing
the
'
consist
new
prepay
the
of
bank loans due September, 1955.
notes are entitled to the benefit
retire
to
to
a
...
981,453
common
$11,413,626
973.780
stock...
$125,000,000
$50,000,000
996,040
1,018,300
2,570,646
2,570,647
2,540,648
share
$3.50
$2.76
$4.09
past service benefits amounting to $263,443 in 1948. $252,717 in 1947 and $259,725 in 1946.
+After provision for depreciation of
$561,748.
tAfter deducting adjustments of $228,671 for prior years.
^Excluding Cortland Equipment Lessors, Inc.
Illnclude all subsidiaries
except (1) Cortland Equipment Lessors, Inc. (the activities of which
are confined to the ownership and financing of store and other equip¬
ment leased to and used by Safeway Stores, Inc. and its U. S. subsidi¬
aries), (2) Salem Commodities, Inc. and its subsidiaries (the activities
of which are confined to the purchases, manufacture, storage, etc. of
reserve
merchandise in advance of the norma!
requirements of the
chain store operations and include certain activities formerly carried
on
directly by departments of the parent company), and (3) Canada
Safeway Ltd. and its subsidiaries (the operations of which are con¬
fined
tions
to
are
the
in
Dominion
of
Canada,
effect).
has
has
He
been
charge
in
the
with
Vice-President
appointed
been
Philadelphia
the
plant.—V.
166,
of
company
'
,
■
of
•
,
*$25,862
*$37,594-
*$46,104
(after tax carry-back for
:
-
1948—12 Mos.—1947
1948—3 Mos.—1947
$27,113
charge
in
2315.
p.
•»
•
.
loss
"
COMPARATIVE
year
INCOME
.
ACCOUNT
Cost
536,679
$5,454
publicity exps.__
advertising and
sales,
of
2,588,257
552,255
sales
1947
$3,119,482
2,035,573
'
,
.
1948
$2,576,070
$11,758
Years Ended Dec. 31—
General, admin, and selling expenses
Other
loss
.
income
Total
Other
18,643
22,862
$6,885
$17,409
68,479
—,——
income
_______
deductions
Claim
of
—
refund
for
of
Federal
taxes
on
93,271
income
!
carry-backs (estimated)
to
.
__—
24,000
1491.
Earned
surplus—January 1
50,000
$37,594
due
a
1959.—V. 169, p.
semi-annually, beginning in
$2,875,000
The
to
Report—N. G. Rob¬
Feb; 16 said in part:
Scranton Lace Co.—Annual
(The)
year
1948
and
volume
$25,862
Total
1,019,164
1,165,023
$981,570
_.—_—____—_____
Adjustments
shower
plastic
Kingston,
$1,139,163
Earned
in
which
country exchange restric¬
•
have
lines
continued to grow in
surplus—Dec.
In 1947 the net earnings,
1947.
J,
1
authorization
the
under
given
stockholders
by the
bank loans, which had been created to finance
plant acquisitions, were paid off and the remaining funds added to
working capital.
The five-year credit commitment arrangement with
the banks
All
Pa.
STATEMENT
CONSOLIDATED
OF
OPERATIONS
1947
________
1048
$9,079,181
3,996
$7,104,939
2,417
—
$9,083,177
6,537,209
$7,107,356
4.850,236
general and administrative expenses..
1,312,652
on
long-term indebtedness..:
—.
*
29,283
Federal and State income taxes.
...——467,240
1,168,893
Years
Ended
Dec.
31—
sales
Net
—_
Miscellaneous
Total
revenue
income
.
——
Cost of goods sold
Selling,
Interest
Transfer to
—
453,673
70,000
J
for contingencies.__i__j.___
reserve
"
4-
Net
(
Jl*
-
!lL".
-
'
'
* '
' '
'
■
1
'■
'
11 ""
' 1
1 ' 1 1
11 1
"
'
$736,793-
$564,554
321.777
321*777
*—iL.hL-JULl*—z*.—$6.87
$5,26
2.j.—iJ-LO——._——___
___•
-
.
......
■
•-
Earnings per share
..
r
profit
dividends
Cash
r
*
ASSETS—Cash
$956,922
•
-MI;.
'
oi
■' '.x-t
v
<•'*.
•iljaaiiq;.
at
.u-hndi.
.'f;
'
___________
••
•
>
i;
on
SHEET
deoosit
and
AS
on
AT
DEC.
hand,
31,
$1,019,163
1948
$369,937;
U.
S.
Treasury
accounts receivable
$168,727; merchandise
inventory, $165,755; claims for refunds of Federal taxes on income
due to carry-backs
(estimated), $74,000; cash surrender value of life
insurance
policies, $86,902;
U. S. Treasury bonds deposited as col¬
lateral security to bond—at cost,
$20,094; employee mortgage loans,
$17,165;
furniture
and fixtures (after reserve foif depreciation of
$7,379), $11,341; goodwill, $133,042; prepaid expenses, $40,509; total,
bills
(at
cost),
$398,860;
notes receivable, $112,508;
'
.
.
LIABILITIES—Accounts
serve
for.
contingencies,
payable, $94,231;
$20,871; common
accrued taxes, $3,816; re¬
stock (par value $1 per
$400,000; capital surplus, $123,000;'earned
total,. $1,598,840.—V. 168, p. 2547.
share),
Sharp
Dohme,
&
Shares With
surplus, $956,922;
Inc.
Registers
208,373
Common
SEC—
drug manufacturers, filed with the SEC April 7 a
statement covering the proposed sale to the public of
additional common stock. '
„
The
authorized at a meeting of directors following the
annual meeting of stockholders in Baltimore.
It is expected that the
sale will be underwritten by a grouo of investment bankers of which
Alexander Brown & Sons and Drexel & Co. will be the managers.
The
The
company,
registration
208,373
terminated.
was
31
at their
special meeting early in 1S43, the company made a $1,200,000 15-year
3V2% unsecured term loan with The Penn Mutual Life Insurance Co.,
Philadelphia,
A
120,000
—
(after reserve for doubtful accounts of $36,068),
$1,598,840.
.
high record for the
after transfers to the contingency
reserve, were $564,554.
The net earnings in 1948 were equal to $6.87
per share of common stock,
compared with $5.26 per common share
Acting
4,648
20,000
taxes_______
paid—.
BALANCE
1948 were $736,793, also a new.
in
earnings
and
N.
curtain
window
and
volume.
Net
years'
prior
of
declared
Dividends
the best in the history of the company in respect
earnings.
The main plant in Scranton, Pa., and the
—-—
—_——_____
was
Y./ both had steady operation
products for our cus¬
tomers.
The yarn mill in Kings Mountain, N. C., supplied all carded
yarn required for the two weaving mills.
Sales in 1948 totaled $9,079,181, a new record for the company.
In
the preceding year sales were $7,104,939.
The increase in sales in 1948
is largely due to an increase in the number of units sold.
There was a
moderate increase in sales prices in the early part of the year made
necessary by an increase in wage rates.
Distribution of goods to cus¬
tomers on an allotment basis was discontinued during the
year.
The,
*Includes
,
Division.
profit
Net
sinking fund cal¬
of the notes prior to maturity, at the rate
75%
over
like amount
Vice-President
appointed
been
1271.
p.
.
company's total debt will remain at
$75,000,000 notes due 1969 and
this financing
will
being used
are
loans.
With
and
of
Operating
Proceeds
has
Turnquist
'v'"'
Corp.
of
II
Western
169,
(Phila.)—New Vice-President
1948 and 1947),
Sales have'again dropped, but this year the'decline was considerably
less than last year.
Postwar years show sales as follows:
1946, $5,563,000; 1947, $3,119,000; and 1948, $2,576,000.
The operating loss at the end of the first six months of 1948 was
$92,226.
Earnings for the last half of the year reduced this loss to
$61,593.
The provision for refund of Federal income taxes due to
carry-back further reduced this figure to a net loss of $37,593.
The
operations of the company for January and February, 1949 continued
to be profitable, according to Ralph B. Sernler,* President.
England Mutual Life Insur¬
Insurance
Life
Reliance
Co.,
ance
Lowell,
Period End. Dec. 31—
Life Insurance Co., Mutual Life Insur¬
Co. of New York, New
ance
"Times.")—V.
York
(New
company's
Net
$75,000,000 Notes Placed
Inc,
The notes were purchased by Prudential Insur¬
Co. of America, New York Life Insurance Co., John
Hancock Mutual
in
pfd. stock
com.
$
years.
*Net
1, 1969.
ance
company.
normal
and
:
1949—2 Mos.—1948.
$
(R. B.) Semler, Inc.—Earnings, Etc.—•
be received
placement with seven institutional investors of $75,000,00 3.20% promissory notes dated April 1, 1949, due March
sales
deductions—.
Provision
Prov.
450,0001
disposition of prop¬
erty,
Other
$14,741,610
168,794
48,661
___
plant and equipm't
*Paym'ts to employees' re¬
tirement plan trust fund
1949—Month—1948
.
'•
1491,
April 19.—V. 169, p.
on
banks.
operation
office of its Vice-President, Allen L. Chickering,
St., San Francisco 4, Calif., up to 8:30 a.m.
Privately—The company, April 1, announced the direct
4,017,315
.
2; 114,560
on
agent.
paying
the
has repurchased $40,000,000 of customers' time-pay¬
that it had sold earlier to banks, it was learned on April 5.
repurchased the paper because of its ample cash position.
repurchaser does not represent a change in this general policy, it
explained.
There remains about $310,000,000 of customers' paper
Frank
•" .V
.
Separate sealed written bids for the preferred stock will
138,503,925
$17,458,633
and
by
owners
company
the
15
the purchase* from it of 300,000
its cumulative preferred stock, 4 Va % series ($20 par) .
of
shares
$847,455,524
153,551,961
long-term debt.,
on
registered
\
Security Banknote Co.
inviting bids for
company, is
,1 The
culated
+$15,344,073
Total
Interest
Premium
2
paper
John
ertson, Jr., President, on
—
aforesaid
company
the
-
profit
operating
owners of the issued and outstanding gen¬
income bonds, series A, who are entitled to thfe
the year 1948, payable by this company pn
said bonds.
Checks in payment of said interest will
683,826,270
depreciation.
income
*
for
1491.
p.
throughout the year, turning out lacc and plastic
Net
Income Bonds—
169,512,686 194,524,475 297,852,704 334,468,571
ment
Electric Co.—Asks Bids for Preferred
recently acquired plant in
Other
*89,334
April 19 1949, as the record date for deter¬
.
128,544,584
-
,
*134,133
Repurchases $40,000,000 of Customers Notes—
1271.
p.
San Diego Gas &
The
equip.
Inc.
*58,481
*116,837
registered
Sales
$2,280,591
The
YEARS
866,118,697
Equip't
Cortland
*120,603
*168,035
4V2%
to
169,
The
United
31,
1,034,813,724
expenses
fixtuies
Lessors.
250,941
*42,931
Sears, Roebuck & Co.—March Sales Off 12.9%—
$2,012,374
oper,
ry.
of long-term
$1,178,702,381 $1,037,796,658
—
———
276,568
fixed
Period End. Mar. 31—
$1,095,350
income
oper.
Net
of
sales
Cost
2,251
FOR
111948
Net
operation
with
ACCOUNT
INCOME
*63,443
272,644
:
interest
of
1949,
1,
—V.
,
note
*41,551
rail¬
from
Nonoperating
1949—12 Wks.—1948
1949—4 Wks.—1948
87,275.371
Mr.; Warren.'?
*12,479
,
income..
the
of
mailed
be
$1,006,645
income
ry. oper.
Deductions
Room
sales—
Slates
$116,384
________
'
$
by the company at the
'
1
'
1947
,
*70,484
'
railway.—
mortgage
May
city
and
taxes
Federal
(PST)
Canadian
1
1948
$144,255
' *92,613
Income
1—
directors have
payment
Safeway Stores, Inc.—Sales—Annual Report—
United
1948
1948
319,794
cpunty
State,
564,340
—
by
in
$667,494 in
1949
oper.
ry.
eral
5,895,438
i
Period End. Mar. 26
$2,582,513
of
reserve
$130,970
railway
from
The
$4,839,402
257,655
1012.
p.
tRepresented
RR.—Earnings—
railway
oper.
mination
revenues
593,962
income.—
of
'Deficit.
$1,415,624
735,551
railway
oper.
169,
Net
Ry.—Earnings—
expenses
—V.
$1,968,109
27J.389
railway.—.
Line
Net from railway.^.
$1,104,699 in 1947.
notes.—V. 169, p. 1271.
oper.
Net
$1,378,742
income,--
from
From Jan.
and
oper.
1—
from
Net
1948
Treasury
S,
Stock—
From Jan.
Gross
in
Railway
Gross
,
1949
railway—
railway,
oper.
ry.
$1,233,387
tAfter
Air
Seaboard
"
V
'
February—
Net
134,788,171
134,679,056
—
of
1949.
1,
.
*125,353
railway——
from
ry.
and special plant
1947.—V. 167, p. 1927.
Interest Payment, on
way
•...
St. Louis Brownsville & Mexico Ry.- -Earnings—
Net
from
Net
share).:
per
("11") under consolidated income account above.
reserves
Deducts, from
Gross
Net
33,538,663
$5
St. Louis Southwestern
Other
*30,912
Deficit.—V.
-
12,853,236
9,968,335
39,932,972
April
depreciation
1947,
$378,356
income
frcm
ry.
1948
$439,082
railway—.
oper.
from
12,853,226
9,956,849
value
—
deducting
Railway
1946
1949
$426,918
railway____
From Jan.
Gross
Gross
due
for
reserve
February—
RR.—Earnings—
February—
from
19,586,900
-.1
depreciation
Other
Gross
$10019,141,700
4,844,489
Railway
per
purchase 40 additional passenger buses amounting to $170,000.
Rutland
20,000,000
156,538
...—_
footnote
*See
in
five provinces.
offered
by the
freight,
156,538
exchange.
the
five provinces
northern Luzon Island, Philippines.
The majority of the Filipinos
Hawaii, where the present stock offering is going to be made, are
passenger
$711,589 in
20,000.000
Canadian
surplus.:
*After
organized
was
business,
and
in
1
—
instalment
10,425,464
2'—
(par
(par
$2,485,116
3,479,991
*1,764,332
.
surplus
Total
SEC
cumulative
7%
—
tAfter
and
1,072^590
—;
2,019,262
$80,000
shares.
420,000
1,072,590
par)
capital
Total
107,259
391 300
etc
Reserve
tCommon
464,397
435,605
bonus,
144|433
436,839
-
—
payrolls,
Federal
3Va %
64,355
payable
Accrued
Gross
($50 par).
transportation
in
registration
a
offering
proposed
a
stock
ferred
filed
has
company
stock
Common
239,271
1949
on
stock
17,545,591
5,624,119
244,836
6,966,266
consolidated
bankS,
to
preferred
1,
not
income
discount
for
Paid-in
Rojas Express, Inc., Manila—Registers With SEC—
The
Jan.
on
payable
Earned
covering
payable
taxes
Reserve
5%
20,187,911
payable
...
subsidiary
Federal
machinery
shapes
Dividend
Due
drafts
and
.2,436,249
80,787
—
'Including
expenses
15ioOO
2,945,049
(at cost)
and
Dividend payable
LIABILITIES—
Fair
annum.
per
—
Accrued
The
of
Metals,
Reynolds
price was $1,500,000, of which $500,000 is to
balance
of
1946
two
Extruded
Government-owned
Grand
at
625,300
1,352|918
1,434,408
...
surplus
200,000
-
LIABILITIES—
Notes
134,788,171
•
market)
or
machinery
Additional
1
cost
charges
Accounts
Inc
$585,611
698,806
74,084,382
2,589,755
_
cost
of
Total
subsidiary
1947
refunds....
buildings,
Deferred
or
*
31
650,000
(less reserves):
lower
(at
tax
Insurance
licenses,
12,485,148
Ltd
and
redemption
issue)—balance
1,049,279
Federal
tLand,
Inc
(at
Inventories
consolidated:
not
Lessors,
Commodities,
907,936
726,398
3,292,198
Canadian
from
Treasury notes (at cost)
Accounts receivable
64,854,094
DEC.
$707,480
U. S.
1,114,425
Canada
in
subsidiaries
Other investments
'Reynolds Metals Co.—Plant Acquisition Approved—
replacement
SHEET,
11
1948
721,975
(first-in,
method
insurance,
taxes,
and miscellaneous
receivable
Canada
1945,—V. 169, p. 1339.
in
cost
of
BALANCE
Cash
$
796,791
1,794,236
subsidiary
—
supplies
held
Salem
CONSOLIDATED
ASSETS—
1947
.
647,151
consolidated
not
or
expenses
Dividends
will consider amending the certificate of
11
reflect
to
as
so
cumulative
6 '/<
May
basis)
inventory
Canadian
lower
the
at
—
from
(1567)
31
$24,550,745 $19,171,333
_
receivable
Funds
Certificate—
hand..,,
on
(less reserve)___
receivable..
accounts
rents,
on
and
receivable—trade
Prepaid
stockholders
DEC.
$
banks
in
Accounts
first-out
has been
Republic Steel Corp.—To Amend
The
SHEET,
1948
Dividends
interest
1118.
p.
BALANCE
CHRONICLE
ASSETS—
Sundry
1948.
payment; of
Petrausksus, Treasurer,
Joseph
The
10.
are
the income debentures, payable 2%
on
31,
CONSOLIDATED
Director—
dividend of 25 cents per share
preferred stock, par $10, payable
FINANCIAL
&
a
made on July 1,
authorized
also
Dec.
declared
5
this issue having been
on
Authorized—New
Div.—Interest
Resumes
The
COMMERCIAL
THE
Number 4793
169
shares of
filing was
company's charter
The registration
is
to
finance
the
does not
provide
for
preemptive rights.
statement indicates that the purpose of the issue
construction of a new research laboratory at the
company's West' Point, Pa., plant and possibly also a relatively smau
plant for producing the basic ingredients of its pharmaceutical spe¬
cialties.
Any part of the proceeds not expended fgr these purposes and
become available may be devoted toward
$4,000,000 27/s% notes.
According to the
management does not contemplate Issuing
the
remaining $4,000,000 of notes authorized by its note indenture.
In announcing the filing, William L. Dempsey, President,
disclosed
that, based on preliminary figures, the company's sales and earnings
any
other
funds which may
retirement
registration
of
the
comany's
statement
the
12
THE
(1568)
for the first quarter oi
for
first
the
Mr
quarter
it
cn
30.—V.
169,
p.
next June
ASSETS—v
the
is
intention of
present
commoh
the
stock
of
cents
25
the
BALANCE
SHEET,
Dr.
Telephone plant
Miscellaneous
,
been
investments
prcpcrty,
(at
Ltd.;
Vice-President,
253,629
—
cost!;
in
Working funds advanced
168,
Prepaid
309.038
286,608
27,363
22,716
20,238.851
23,843,212
-9,935.569
:tnd
„
8,830,978
of
2,564,331
1949,
estimated
-required for
charges'..
.J'
3,111.643
Capital
Successor
N.
Trqstee and Transfer Agent—
■ -
■
been
&tock.~-V.
named
169.
transfer
agent
for
the
corporation's
.
The
has
company
will
holders
be
of
the
notified
the
at
New
York
of
business
close
Curb
Exchange
April
on
that
29,
notified
"
s-.barA,.
per
whose
mail
by
4'./
par
1949. at ,9109
on
taxes
Accrued
about
May
for
1949.—V.
2,
rents
Tel.
Tel.
&
Co.
—v.
«•
11.374.125
5,564,226
Gross
r
be
first
ry.
370,623
83,834
obtained
The
the
will
cost
during
remaining
cash,
treasury
167,
1593.
p.
Sales 14% Lower—
;
1949—3 Mos —1948
$12,832,408 $25,460,878 $27,826,424
1949
.
66,197
N?t
Net
ry;
1946
SI.500.937
243.795
303,282
37,905
"87,308
"25,091
105,618
3,415,536
3,817,213
3,281.583
2,858,821
613,045
539,454
778.760
492,064
98,6-14
.
"60,565
214,602
67,827
481,490
income.-
oper.
"Deficit.—V.
3,389,943
1947
$1,485,481
227,176
1—*
railway
railway...
from
134,476,253
1948
$1,778,257
273.841
incomel.
Jan.
3.138,252
3.372,327
of
part
properties
from
169,
•
-
_
!492.
p.
t.
..
be
-V.
169,
.
Theodore
H.
Silbert,
President,
announces
the
election,
effective
of
Reynard
Joseph,
as
Vice-President
and 'Resident
the company's California office in the Garfield Building,
403 West Eigth Blrect,. Los Angeles 14.
Mr. Joseph comes to Standard
with
extensive
experience
in
factoring and financing, having b£en
1271,
p.
Standard Factors Corp;—New Vice-President—
738.015,619 612,720.872
—
to
are; to
$1,576,162
_
110m
144.596,048
"
who
later.
mortgage bonds.—V.
1949—Month—1948
-
railway.
railway
cper.
From
Gtvss
jV.
.
its
to
$1,600,000.
k
a re.
;;
from
from
Net
2,293,688
2,383.666
immediately,
"
Shomee Oil Corp. of St. Louts, Mo.—Files—
V
,
The
company on March
for
150,0G0 shares of
SEC
at
Underwriter,
par.
ceeds will be used
28 filed
class A
Jchn
for
letter
a
Kauffmann
R.
notification
of
common
$1),
(par
Co.,
St.
to
with
be
Louis,
Electric
totaled
..
Pro¬
Mo.
working capital,
the
offered
'
Manager
Southern Colorado Power
of
output
2,985,000
this
Co.—Weekly Output—
for
company
kwh.,
the
compared
as
week
with
ended
•corresponding week last year, an increase of 27.2 '.;V.
-
,
April
2,
kwh.
2,347,000
for
169, p.
1949,
*
St.
Of
Benedict
of
Crookston
of
1491.
Southern
Minneapolis, are offer- $500,000 (3%-31/4%-3,/2%) serial coupon notes at,
300 to 101, according to maturity,
The
ing
of
1, 1951, through Jan. 1, 1959.
Principal and interest payable at Main Office of First National Bank
of Minneapolis (Minn, j,
trustee.
y
SECURITY—Notes
dict
of
the
terms
erties
of
the
of' the
are
direct obligation
a
Minn.,
Crookston,
trust
Minnesota
a
indenture
Sisters' Cf
hi
this issue,
the cost of the
to
cf
The
construction
of
$65,000
Sisters
have
in
1949
at
when
at Dec.
the funds
1948,
31.
time.
this
this
at
needed.
in cash and
U.
to
to
borrow
applied ]
31,
total
a
The
Sisters had
$113,247
funds
the
hand
cn
the
and
the
Is
-
year from
$40,000
1950
each
Interest
at
in
and
1957
3%per
The
1958.
the
annum,
1950
1952
at'3l/4%v and the balance of the
and
issue
1951
and
1953
bears
maturities
interest
per annum.
at
at
House
land
Studies,
own
St/Benedict also
of
adidtion
provide the teachers
and
Texas.
There
for
Arthur
Colton
B.
Purdy,
urer;
&
Sisters,
'•
-
and
urer;JC.
Sisters
of
8
...
Novices
and
-
Co.
Postulants
9
.
in
of
Detroit:
Clarence
the
Snyder,
W.
Director, of Sales.
Secretary; Samuel D. Harrison,
Kath,
Director
of
Engineering;
See
also
Assistaht
Nelson
and
was
similarly used during
and improvements.
to
pay
for plant
•
of its need
of future additional
capital
during the
to
year
to
increase
4,000,000 shares of
in
1948
and
in
value.
par
COMPARATIVE INCOME ACCOUNT
service
Service
revenues
v
Miscellaneous
*Total
operating
Current
this
expense
Operating
■JGeneral
Net
Other
Drl90.256
and
172,682,965
38,555.005
;
...
~
expenses.
The
Income
shares
funded
for
income
-°P°rafcin8
and
$388,200 for
sions fp pending
revenues
include
to
several
the
years
gas
contracts
expire
at
the
for
of
that
same
is
date
it
area.
is
not
of
its
own
Birmingham
shares
Gas
in
until
open
a
Gas
hands
July
of
Co.
the
11,
stock
common
In
"»•
of
the
capital
approval of
the issuance
each
$10o
The
New
England
169,
of
approved the
$100 to $25 per
from
Connecticut
shares
four
share
Telephone
April 5
on
stock
the
become
Public
of
the
next,
In
gas
but
$25
stock
From Jan.
from
1,323,285
Net
ry.
was
—v:
$29,312,871
3,621,197
income...
555,536
in
169.
p.
764,352
to
838,685
Cr38,799
1948
the
68,199,403
event
of
for
1948
adverse
deci¬
p.
Provision
the
;
»
10%
Federal
stock
ing
FOR
CALENDAR
1
■
i
facilities
YEARS
'1047,
356.841,425
276,798.465
;r
j
expenses..
income
1
1-2,569,268
9,100,458
21,938,413
1 %403,508
,2.060.309
3.810.836
15.707,524
12.730,465
7,000,000
4,800.000
57.606,641
32,197,703
amortization—,
I;
income
—.
755,144
,„J_—]_j'.
519,605
32,717.308
income
307.946
220,913
15,200.000
8 156.482
42,853,839
Federal
dividend
after
ing
24.339,913
^
lax______L. ./
declared-v/;-v-T"c/>.2/
419,392
on
dividend)———
share
common
beginning
16.276,702
share ton stock outstand¬
common
stock
per
3.948,154
22,870,619
stock
common
$8.61
stock
on
"Restated.
$5.28
$9.37
$7,09
outstand-.
year——I— i+-~:
of
419,392
4,494,572
I
*'
"
].
BALANCE
'
•
ASSETS—
Cash
in
SHEET,
■
DEC.
'
V"
-
•
.
and
on'
hand...^.2—
and
notes
(at
-
V;
:
mkt.)
reserve);_%
28,898.196
29.275,448
44.185,344
cost—less' than
(at
receivable
Securities of
Indebtedness
cost
or
<less
less):
affiliated
of-affiliated
Other
investment's
cos.-' ••(•not
security investments
♦•Properties,
(less
(less
21,508
•
••
companies^..
Other
for
$
22.401,186
59,079,142
securities
Investments
.
®1947
20,651,063
1,944,175
Inventories
'
31
1948
■
$
banks
Marketable
authorized
855.000
1,905.000
4,031,663
4.041.338
.
current.)*
532,613
,:
reserve)_-_^_
reserve)-__i_^j^._l__-
1,182.903
746.054
plant, equipmt., etc.... 159.135.242
charges.l__2_L_i_.'J-_/;--l. 2.805.168
131.700,595
278,582,552
237,502.954
leaseholds,
deferred
and
Total
i
1947
—
LIABILITIES—
Accounts
_
64,939,829
1946
Dividend
/-
payable
declared
Accrued
■
2,693,868
preferred
on
stock,—.:.
liabilities
5,578.488
11,759,194
;
Reserve
4,420,466
4!a%'
1948
$7,873,031
1492.
affiliated
for
class
A
preferred
stock,
no
1948
$8,390,850 $72,747,715 $81,400,600
1492. :v"
:
par
surplus
stock
18,463.641
8.444.831
cur.)
216,250
leases__,_
829,494
1,005,648
2,528,677
stock
common
($100
u.
+Aft,er
til
reserve
in
bv
for
1948 and
^Represented by 4,996.721
^Represented
62,514
9,319,700
shares
shares
in
in
1948
1948
Br527,393
278.582,552 237.502,954
deoreciation
$142,431,347
obligations
42,155,774
Dr2,774,071
'
—
9.319,700
134,618,316
57,092,279
(at cost)——
Treasury
224,791
157.488,934
*
1
":'Rec■ta<',',.
par)—a
1
Total
—V.
on
value.:
I
*753,648
7.532,275
2,250,433
deposits
Jan. 1 to Mar. 31
.1949
(not
.
.9,071,672
contingencies
tion of $169,569,977
p.
companies
obligations and
UTreasury
Earnings—
to
104,848
2.268.377
.
'
31,341,839
104,848
—
liability (other than Federal income tax)_-_
Federal income tax
liability
Purchase
*'
/' '
34,250,995
—
Tax
62.318,821
15,238,530
169,
expand
330,427,036
',+
f1"
and
stock -dividends
Earnings per
'
{
Changed
■•/;
4,599.853
1949
board.—V.
characteris¬
.f
and
Common stock dividends declared <in cash)^--_:
merged
formerly Vice-President and General/Manager, has been
President, succeeding R. B. Fairly, who has been named Chair¬
the
ACCOUNT
"
*v
general
change would
13,436,170
Roy Autry,
of
industry
-
rep'acc
income
Preferred
•
ex¬
Southwestern Associated Telephone Co.—New
Pres.—
man
and
retirements
for
Sh.6ou.0uo
elected
to
*-
SCommcn
■
,
wel-_
com¬
as
INCOME
Interest charges
>
and
1491.
earnings
petroleum
...
1948
a
447,309.191
operating
Prepaid
794,335
10 Days End. Mar. 31
169,
about
53,361,785
the
$33,215,292 $31,456,317 $29,192,134
6,649,169
.7,772,414
4.762.976
2,372,660
2,924,761
1,447,239
Southern Ry.-r-Estimated Gross
Gross
expanding
-'thet. year's/end,
follows: Production facilities $25,facilities, $6,603,000; manufacturing facilities,
facilities, $5,815,000, and shipyard and others,
*
than
income
Earned
—V.
for
%
the
4.821,045
4,357,500
Net
report.'
exchange
5,066,761
Period-
year
forecast
...
,
59,754,651
income
;
■
biggest
bringing
aY
products
^depreciation of past-war facilities
Indebtedness
railway
railway.
9,643,066
4,022,135
(other
Other
the
1—
from
oper.
difficulties,
?
7
-
during
*■ •*
Accounts
the
"timfe.;
re-
9,280.969
13,986,818
the
railway.
railway
oper.
Net
410.009
in
Co.—Earnings—
1949
from
18,785,868
917,633
r
common
last
the
was
same
1271.
p.
February—
24,169,700
approximately $4,489,400
refund
169,
which
supply
which" the
/
distributed
CONSOLIDATED
Accelerated
-
Gross
.
Earnings
offer
two
Commission,
par
on
to
one
marketing
Dc})reciation,
"
1
date
1948
the
Additionally, intangible development expenditure* for the
development of prospective oil .fields totaled $21,938,000.
and
Gross operating
Costs, operating
;
705.
p.
at
petroleum
CONSOLIDATED
Co.—Par
its
Northern
1948
'
plan for'
its
each
of
competition, ij£ a development -to be
regretted, ttie report states, because a
be
to
is
'<
Co.
reduction of the par value
share, and, .subject to the
Utilities
new
outstanding.
May 9 as the
Southern Pacific
from
13,565,446
fixed
effective.—V.
ry.
Cr59!569
^
(net)
par
directors
Net
4,189.639
proving
con¬
these
'
subsidiary, which at
public,
Birmingham
Corp. last December.—V.
that
and
,
.....
tran.siwtation
$14,619,000;
peak
Gas
year,
definite
for
some
e^iendRures
682,000:
,>,.•"'//*
•
formulated
cijmate
figure excludes
this
from
balance/,of
par)
Year-^';^::
reported
history
overcame
accustomed."
•*
giving consideration to disposing of
subsidiaries operating in" Alabama
has
holding
20
Taxes
of
the
(no
Intangible dsvelopmcnt costs/_l*_'/„/^„/_^.^vi.'
Depletion and abandonments.-.
used
.
sell
to
1118.
bonds
Natural
"
-
stock
p.
which
purchase
end
Record
a
its
is
Net
three
field
retailing
to
stockholders
Net
5 106 250
—~—:
1947, subject
rate cases.
in
169,
proposes
Exchange
common
of
.
by Southern
Stock:
it
the
of
The
resources.
This budget
year.
owned
the
that
mortgage
first
.../
sharpened
than
$5^;292,000,
■
50,370,701
17,226,312
11.050,000
'
the
18,751
55,629,600
19,877,265
615.869
_
Release of
premiunj on funded debt
^C°mL
paid
last
gas
in
Capital
totaled
total
in
gas
Alabama
Gross
19.443,508
charges
debt
Other interest
TUvM
Dividends
natural
in
share
one
19.385.740
1,137,549
from
its
of
7,592,725
16,349,828
fixed
of
field
Southern
.
4^979,774
tically
;
change
,
18,921,828"
deductions
available
on
3%
SEC
require¬
the
$16,828,833.
was
new
treasury
of
Feb.
on
resulting
rather
petitive
v
tentatively calls for spending $4,300,000 for
Including well drilling, and to pay the balance
reports that it
company
6,515,384
income
taxes...
Net operating income
income
Miscellaneous
a
to make up for any reductions
in its takings from
by additional withdrawals'from the
Logansport field - in
Louisiana and eastern Texas and from
its own wells
of
41,787,040
Other
Interest
plus
purpose.
21,119,675
revenues
on
operating
year
of
from
facilities installed
Mississippi, but
23,652,439
^
miscellaneous
taxes
of
Creek
stocks
-into
The
1349
purposes,
Louisiana,
field
had
<
$1,573,000.
normal
consumers,
1311.
p.
to
cor¬
Build¬
.
the
York
<Minnesota).—V.
Industry gradually
."buyer's market"
for
the report points, out.
made
was
Dr585,661
rents
operating
Federal
72,024.428
1.
Traffic expense
Commercial expense
for
last
from'sale
obtained
was
reserves
Company
$
47 205 878
—
industrial
additions
provided
budget
northwest
1947
——.J/,..— -214,251,671
revenues—.
company's
.
the
says,
The
the Garfield
dollar- earnings; the company's annual
report states.
Marketing, conditions changed radically-lost year as-an
"
company .expects
93,651,473
revenues
maintenance
Depreciation
Monroe,
.
YEARS
88io93^555
9i345'881
revenues
operating
the
'
■
management
including
pressuring operations.
Two of the. company's
.
«
:
.L,._ 117,602,491
—/
revenues.—.—__
...Uncollectible
the
repurchase
>
Local
■
excluding highly
interruptible gas sales to other pipe lines and
gas used for repressuring oil wells in the Brookhaven field In south
central
Mississippi,
Southern can
additions
$
of
construction
New
shares),
operations
corned
increase, 45,p00,000 cubic feet,
i
property
was
cost
The
CALENDAR
the
California.
and
however,
or controlled
by contract exceed three trillion cubic feet,
according "to
/.estimates made last spring
by an Independent geologist.'» This is equivalent
to
more
than
20
times annual system requirements .as
pres¬
ently estimated, based on present system
capacity and
r
>
FOR
since
year
in
quarters in
exceeding $9,000,()00.—169,
notified
the
oil
:
>
'• ; '
■
officer
an
allocated
year a return of "spirited,
wholesome competition", in a market
which supply has caught up with demand.
•
'
Strong demand last- year increased price, levels in the petroleumindustry and spurred Sun to new recor-dv both in business volume
equal
of
gas
used for heating purposes, are
substantially ' in
delivery capacity of the company's system.
.
anticipation
1948
Toll
the
requirements, the company secured approval
its authorized capital stock
from 3,000,000
$100
;
Factors
be
in
incfea-.e, approximately
installation of additional
the
and
would
this
-
•
additional
,
increase,
balance
Proven
Carman,
■
for additional capital
•'■
extent,"
possible further expansion of pipe line
capacity.
Treas¬
.
Because
substantial
any
,•
>
cost -of
the
Bear
1948
"the
previous
•/
this
miscellaneous
During the year 1948, the company sold, at par, 1.450,000 shares of
Its capital stock to the
American Telephone & Telegraph
Co; for $145,000,000. Of this total, $40,000,000 was used to
repay money borrowed
■during the latter part of 1947 for plant construction.
The remaining
$105,000,000
out,
to
.
were
31,
the
struction
of
Southern Bell Telephone &
Telegraph Co.—Report—
~
any
consumers,
$14,d00,000
'
169, p. 949,
v.
in
.
Dec.
of
The
-
the
recently acquired
Chairman of the
Assistant
,
previous
made
of
excess
Engineering Co.—Officers of Unit—
of
point?
1948
<.
<6,675
company
oil
.
facilities raised capacity of
the system to;; 420,000,000%
a day, from 294.000,000 feet a day previously.
."This
by far the largest," the report states, "measured both by
of
increased capacity and as a
percentage of
requirements
,
of
shares, compared with $2.66
increased to $2.84 a share,
year.
reflect
not
for
lias
on
Sun Oil Co.—1948
•
gas
with
ments
,
..
Vice-President; Howard N. Maynard, President and TreasHcllidge, Executive Vice-President and Secretary; Harvey
Alfred
-
The
parish schools in Minnesota, North Dakota
following have been appointed officers
board
W.
12
198
community.
The
acquired.
was
did
earnings
resources
Power Co.
The
r
residences and about 1,000 acres of farm
buildings and machinery.
"
operation of the above properties, The Sisters'
are
Snyder Tool
Paul,
preceding
net
common
earnings
Standard
com-
•,
,
net
of
factors,
City.
resources
•«
financing
to
additional
.
1,409,212
time
holdings
delivery capacity effected in December,
consolidated
York
recently took enlarged
company
to
States
stock¬
"" /
applied
subsidiary.
.
the
The largest
Even
with
to-the
in
Corp.
be
purchase
to
The
time
liave
will
by
up
California, Inc.,
New
additional
,
"
will be set
filed
with the
taken
that
Standard Gas & Electric Co.—To Sell Northern States'
Power (Minn.) Stock—
;
%
.
J
share
new
be offered.
to
1945, delivery capacity has been increased by
of 190,000,000 cubic feet
daily, an increase of more than 82%
system's capacity at that date,"
.%
-
several
fully equipped
In
St.
of
1941.
"Since
Crookston, Minn.
Gertrude's
Gas
company
the
_
-
In thdt year St. Vincent's Hospital was purchased
and has been in operation since that
time.
In 19^3, Mount St. Benediet Academy and Convent was erected.
In
1937, a large beautiful
chapel was built adjoining the Academy. In 1939, St. Mary's
Hospital
at Detroit. Lakes,
Minn., was purchased and in 1945, St, Anthony's
Hospital at Mahnomen, Minn, was placed in operation.
In 1947, St.
new
capacity,
bear
gain,
1948
wa.1
system.
in
3'/2%
piSTORY—The Sisters of St. Benedict of Crookston is a Minnesota
religious corporation, and a unit of The Benedictine Sisters of the
Congregation of St; Gertrude the Great, and was incorporated in 1919
in
the -amount
maturities
one
is
which
of
Inc.^ of
factoring activities
ing has over-all
warrants,
not
to
are
and
delivery capacity provided hy
completed in December^ 1948."
feet
increase
through 1954, $35,000 each year In 1955 and 1956, and
year
interest
in
These
■
stock
new
1948.
of
management
cubic
indenture securing this issue, the total debt of the Sisters of
of Crookston may not exceed the sum of $1,500,000.
The $300,000 note issue put out in
May, 1948, matures' $30,000 each
this
each
for
facilities
be
Eenedict
bear
the stock
shares
program
increase
for
Parent
$2.29
43%,
current
to
the
of
Alabama
15%
a
for
1947.
the
sale
the
.report
"Sales
trust
St.
it
as
for- any
construction
of
by
$3.15
in
•
income, are not sufficient to pay
completed at this time, additional bor¬
rowing to make up the balance will be authorized. Under the terms of
hospital
purchase
t.o
which
subscription
.'
Rcllecting
to
from
S.
Treasury bonds and the net income
1949 will also be applied to the cost of construction.
If the
proceeds cf the $1,000,000 of borrowing now authorized, together with
the
of
Talcott
stated
.
the system last year sold 19%
more
gas
than It did in 1947,
Clienery, Chairman of the board of directors, announces in the
T.
of
during
for
right
price at
issue
subscribing
from
stock
annual
hand
on
of
company's
1947,
C,
1948.
1948, and $500,000 is 1
$200,000 will be issued later
Of
given-the
The
the
issue
Pioceeds
the pay¬
Dec.
be
for
registration statement which soon is to be
will 'not be underwritten, but stockholders
a
privilege
the
put out In May.
was
are
time
of
as
be
date
James
Factors,
Si.bert
poration,
^
holders.,
$1,500,000
to
are
Hospital and
outstanding
The balance
The
the
men
($481,000)
Francis
notes
authorization
$1,000,COO, of which $300,000
being issued
8t.
of
short-term
SEC.
Under
mortgaged
of
sum
in
to
are
shares held.
10
record
Aided
PURPOSE—The net proceeds estimated
ment
be
may
may
the
forth
the prop¬
of
none
Crookston
the total debt of the corporation exceed the
while these notes are outstanding.
nor
Holders
for each
Bene¬
corporation.
To Offer Cortimon for
—
it was announced April 7, plans to make an early offer
additional shares common stock-for, subscription by stock-
140,921
and
v
of the Sisters of St.
religious
securing
Benedict
St.
.
,
Co.
company
holders.
Dated Jan, 1, 1949; due serially Jan,
..
Gas
Subscription by Stockholders—
Offered—Keenan & Clarey, Inc.,
f
Natural
of
Century
Mr.
•
(Minn.)—Notes
of
President
the
the
Sisters
...
of
ma.
p,
Net
.
—
...
will
program
$11,035,702
February—
29,25.7,175
388.005
surplus.
this
disclosed
proceeds to defray
improvements
expenditures
and the sale of
subscription
Spokane Portland & Seattle Ity.—Earnings—
*
Total
1734.
p.
the
use
and
irtvolve
be
to
'
'
stockholders.
common
of
the .underwriters
are
addi¬
an
pari.
rate
61
names
Office am
of
June
on
redemption
168,
169,
4,437,603
'
2.281,520
—„
to
........
"
40,000.000
5.657.883
29.824.802
debt
.
reserved..
Unappropriated earned
to
addit'ons
Period End. Mar. 31—
35.000.000
..
credits.
reserve
surplus
expects
company
extensions,
($1
and
Regional
the offering
subscription by
date,
45.000,000
2,2)8.818
funded
on
for
Prancisco
stock
common
record
by amendment. The
Sales
75,000.000
.......
premium
its
offered
price,
San
proposing
'Spiegel, Inc. (& Subs.)—March
:
45.000,000
other current liabilities..
....
of
be
to
internal tojrces,
'
drawn
are
and
SEC
-
']
,75.000.000
„
deferred
Earned
The
25.000.000
35,000.000
1985_«»,_
1987
interest
Depreciation
the
•
certificate's
or
for
Other
of
1,
1,
...
Unextinguished
a
1949
series cumulative preferred, stock,
purpose of drawing 4,950 shares of that issue for redemption
Stockholders
payable
Accrued
common
Aug.
due July
American
,
the
purchase the unsubscribed shares also
210.000,000
25.000.000
billing for-service and customers', dep....
Accounts
Accrued
taken
$100
debentures,
Advance
Sherwin-Williams Co., Cleveland, O.—To Call Stock—
record
debentures, due
273%r
Advances from
808.
p.
2^'t%>
40-year
Y.—;
' '
flOOL—355.000,000
(par
debentures, due July 1, 1979_._debentures, due Sept. 1, 1972—
40-ye2r
Hotel),
Sl/riing National"Bunk & Trust Co. of New York has been appointed
trustee of the $6,000,000 53l»%
bonds due Jan. 1, 1956, and
also
stock
"
'
.
is
subscription
be" Supplied
738,015,619 612,720.872
LIABILITIES—
40-year .3',;
The stock
The
with
"
de.erred
J—'.
Total
successor
1,
—
supplies..——.
accounts
20-year
(Sherry-Netherland
Corp.
shares
1,565,517
'
...
receivable
Material and
2C91.
p.
Sherneth
56.000
7.773,301
Francisco-—
Co.," San
t
registration statement
3,006,706
to employees-
receivable
Accounts
York, Shawinigan Resins Corp. at Springfield, Mass., Shawini¬
Ltd. in London, and Midwest Carbide Corp. at Keokuk, Iowa.
gan"
tional
a
1,556,562
„
a
—V.
31
3,326,419
—--—.
Notes
Secretary
New
has
deposits
and
Vice-President and a director of Canadian Liquid Air Co., and
directed of several companies including Shawinigan Products Corp.
a
filed
company
March
144.062
funds
Special
<
Executive
and
director
a
The
"... 684,070,223 504,658,441
—-a—
physical
Telephone
States
Registers With SEC—
P, 161,272
directors.
elected
Engineer of the company,
of St. Maurice Power
Corp., end a director of the Brown Co. and of the Brown Corp., the
Shawinigan Engineering Co., Ltd.,.Quebec Power Co., the Canadian^
Light & Power Co. and Saguenay Power Co., Ltd.
Mr. Bartram is
President of Shawinigan's wholly-owned subsidiary, Shawinigan Chemi¬
cals Ltd.; and of an associated company, Canadian Resins & Chemicals *
Challies,
also
ir.
Vice-President
Bartramf have
1947
$
Other
Victor G.
Challies and
D.
Southwestern
1948
Shawinigan Water & Power Co.—New Directors—
John
Monday, April 11, 1949
3l
DEC.
'
.
CHRONICLE
,
to
payable
"<
1012.
FINANCIAL
board
share
a
&
COMPARATIVE
.
1948.
of
dividend
a
running well ahead of similar figures
1949 are
said
also
Dcmpsev
declaie
COMMERCIAL
depletion
in
held
and
and
1947.
for
4,548,278
14,277
169; p. 1272.
(Continued
on
page
48)
and
tAfter
amortiza¬
deducting
payment
shares
shares
thereof.
in
in
1347.
1947.
Volume
169
Number 4793
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1569)
Stock Record «» New York Stock
Exchange
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PHCES
FOR EVERY LISTED ISSUE
Range for Previous
STOCKS
Year 1948
Lowest
Sper share
63%
Range Since Jan. 1
Lowest
Highest
$ per share
Oct
79%
NEW
'
No par
79% Apr
8
23
3% Jan
7
ACF-Brill
44%
8c
Straus
Motors
Dec
55%
Jun
44% Jan
4
49% Feb
9
Acme
14%
Feb
23% May
17% Feb
10
19% Jan
6
Adams
35
Dec
46%
35
5
41% Apr
7
Adams-Millis
27%
Dec
41% July
27% Mar 28
30
Jan
26
7%
Feb
22%
14% Feb
19% Jan
6
22% Jan
21
Dec
65
Nov
2%
37
15
70
65
17
25
25
64% Jan
24
Dec
75
May
Dec
34
May
22% Apr
7
Dec
109
May
100% Jan
11
92% Feb
11
7% Apr
7
90
Mar
7%
xl71
96
Apr
11%
Dec
Jun
198
Mar
174
May
Mar 28
70
77 %
*66
2%
2%
2%
2%
2%
2%
*45%
47%
46%
46%
46%
46%
46%
46%
18%
18%
18%
18%
18%
18%
18%
19
41%
41%
41%
40%
41
47'A
46%
46%
18%
18%
18%
19
Corp
No par
41%
*41
Mar
29
29 Vs
29 %
29 %
29
29%
29%
29%
1,000
17%
17
17%
17'
17%
17
17
17
17%
2,200
Reduction
Inc:
No par
Vicksburg Ry
Gold Mining
Inc
$4.50
2%
2%
100
44%
44%
44%
preferred-No par
*68%
17
10
Allen
par
&
gtd__100
*7%
Dye
.'
No par
176
16% Mar 28
18% Feb
1
Allied
5
*16%
176
17%,
25% Jan
3
28
2
Allied Mills Co Inc
No par
37% May
25 % Feb
25
6
Allied Stores
No par
27%
*26%
Jun
83% Jan
8
100
*87%
90
26%
Dec
42% May
25% Feb
25
73
Dec
98
Jun
77% Jan
3
x25
Nov
3%
31%
Nov
Oct
3
26% Jan
28% Mar 30
82% Apr
31
3
Jan
3
Nov
50
Jan
39
Feb
17
Feb
121
May
89% Feb
7
105
Jun
34% Jan
3
34%
Dec
6%
Oct
10
Mar
Nov
68
Mar
47
52%
American
Mar 30
3%%
24% Mar 31
20% Jan
3
70
62 % Jan
19
8% Mar 25
43% May
Dec
103
Nov
111
30% Mar 23
66'A Feb
American
6%
14
35
Jan
10
Amer
104
25
Jan
11
7 % Feb
24
10% Jan
3
American
3
3% Jan
7
Apr
8
American
■ Jan
20
10%
Dec
6%
Jun
*3
Jan
92% May
81
Jan
3
92
172% Mar 17
177
33% Jan
4%
7
177
Oct
28 %
Nov
74
Jun
Nov
27
May
Jan
110'
Aug
38
Dec
51
15
Dec
14%
Dec
22%
Jun
81
Dec
94
Jun
104%
33'A
Feb
25
Feb
5
20% Feb
Jan
1
39% Feb
-
107% Jun
15
15% Feb
Oct
43
2
106% Mar 15
May
20'A Jun
Feb
94%
•v
Mar
70 % Mar 26
Jan
100 %
18% Mar
27
Jun
49%
8
35'A Feb
8
42
3
105
3
4% Feb
28
6% Apr
15% Feb
24
17% Jan
13% Jan
5
1% Jan
4
44
Apr
4% May
89%
Jan
Jan
3
Dec
14%
Jun
6% Jan
3
37
Nov
77%
Jan
38% Jan
3
35%
Dec
43 % May
3%
Dec
7%
Jan
35
Mar 21
18
58
Apr
4
47% Jan
20%
Feb
26% May
24% Jan
5
27
5%
Dec
8 % May
5% Jan
5
6
79
Dec
92
Jan
73
Feb
23
10%
13%
Feb
15%
Jun
11% Feb
7
Jan
19
Jun
15% Mar
1
16%
Dec
26%
Jun
15% Feb
95%
Feb
Jun
88
108
26
Mar
5
t per share
12%
Nov
21% May
12% Feb
Dec
94%
Jun
76
Jan
3
Dec
10% May
6
Feb
15
6
24% Mar
35
July
Dec
98
Dec
93
5%
Dec
29
8%
Feb
Jan
35
Dec
11
23% Mar 11
96% Jan
4
5% Jan
3
32
Feb
8
31
Mar
125
Nov
1477/8 Mar
54% Mar
Feb
10
22
preferred
;
46%
Feb
115%
Nov
\\
,j-'\
Par
,
6%
Dec
x337A
Nov
4%%
preferred
American
Amer Power
Feb
25
7% Jan
7
41% Feb
7
24% Mar 29
*6%
150% Jan
6
5
68% Mar 23
Jan
3
145
Jan
24
52% Apr
117% Apr
8
63
Jan
7
119% Feb
14
4
3
8
Dec
83
Mar 31
91% Mar 11
76% Mar
112% July
70
Apr
80
51
Nov
30%
67
Feb
Jun
5
7
Mar 16
May
52% Jan
14
8% Mar 30
38% Feb
17
Jan
4
6% Jan
7
57% Jan
24
7
35'A Jan
7
Feb
41% May
45% Jun
Apr
30
29% Apr
8
35% Jan
8
25'A
Oct
38 %
Jan
25% Jan
3
30% Mar 14
98
Sep
Jun
99% Mar 29
60%
Jun
50% Apr
2
36%
Jun
18% Feb
107
46% Mar
18%
4
24
Feb
Mar
8
'
14
Dec
Nov
For
-
Apr
6% May
34% Jun
footnotes
see
page
No par
Co__
Ship Building Co
& Refg common
preferred
American
6%
Snuff Co
non-cum
30
105
„
Mar
2
55% Jan 27
24
23% Jan
7
Feb
4
10% Jan
12
3% Jan
20
4% Jan
5
3
30% Jan
28
10
27
24.
Jan
34%
34%
34%
1,100
5%
5%
*5%
5%
4,300
*15%
16%
*15%
16%
*15%
16%
17%
17%
17
17%
-17%
18
7,000
2
2%
2
6,200
V-
2
1%
56
57
2
100
26%
American
American
Steel
American
25
100
No par
Stores Co
No par
No par
common
100
Tobacco
American Tel & Tel Co
American
6%
10#
Tobacco
5
;
*37
*135
5%
25%
24%
9%
36
*122
*17%
127
17%
146
68
*53%
7%
Works Co Inc
100
Copper Mining—
Anaconda
Wire
Cable
Clayton 8c Co
Copper
Oil
Corp
Mining
W Products Co
Inc
Archer-Daniels-Midland
87
1
5%
.
6
37%
37%
36%
36%
35%
35%
400
3%
3%
3%
3%
3%
3%
3%
2,500
26%
6
90
13%
13%
13 Vs
80%
7
7
25%
*100%
13%
*79
7
,
26%
81
7
*25%
100 Vs
101
26%
100%
6'A
*
6%
*6%
6%
33 %
33%
33%
33%
*46
47%
*46
*46
47%
26%
27
26%
26%
6
5%
5%
*87%
100
26%
*5%
*70
1,700
47%
26%
*5%
5,400
6
800
78
'800
12%
*87
400
2,800
88%
100
10%
92%
79%
13%
13%
13%
13%
170%
170%
172
*170
7%
7%
27 Vs
27%
41
*40
47%
38
48'A
149%
148
,
r/5
*24 Vs
38%
137
25%
7%
7%
26%
26%
26%
*40
47%
147
41
47%
150
146%
*122
17'A
145%
24 Vs
127
17%
7%
*40 Vs
47
148
146
*23%
24
24%
24
9%
9%
9%
35%
35%
*35%
*122
17%
145%
124
17%
146
145%
145%
68%
53%
53%
53 %
53%
52%
53
117%
*117%
117%
117%
*117%
118
*87
90
*87
90
.*87
*72
75
*72
75
71
5%
5Vs
5%
*54
5%
31 Vs
30%
30%
*29%
31%
29%
29%
30%
31%
30%
29%
103
29%
*29%
29%
5Q%
51%
20%
21 Vs
11
51%
5%
31%
31%
30%
*101
72
55
29%
103
89%
55
31 Vs
*101
5%
8
28%
56
67%
800
9%
800
700
200
17%
600
145%
12,600
68
5,800
450
52 Vs
52%
5,200
117%
117%
7%
7%
27 Vs
25%
70
23%
140%
7%
80
7%
26
89%
*87
89%
70
*69%
75
2,600
25,700
200
„
300
5%
5%
5%
5%
4,600
54%
54%
53%
53%
660
30
30%
30
30 Vs
16,300
30
30%
29%
3C
29%
29%
29%
*29%
103
*101
103
*101
103
"101
52
*52
53
*52
53
*52
53
1,590
600
103
800
20%
20%
20%
20%
*9%
11
*9%
10
100
*3%
4
*3%
4
200
20%
21
20%
21
20
*10
10
10
*9%
10
5
*4
4%
*4
4%
4
4
3%
3%
No par
*29
29%
*29
29'/a
29
29
28%
29%
*28%
*10
145%
140
25%
*87
600
2,565
123
121%
*17%
140%
7%
480
36
17%
67%
27%
9%
124 Vs
140%
7%
5,666
38
35%
17%
68%
28%
46'A
38
*122%
140%
7%
4,100
40'/a
45%
23%
9%
67%
28
*40'/s
40
6,800
145% 147
24
36
140%
7%
:
7%
27
24 Vs
67%
£9 Vs
173
24%
140%
28%
7%
27
25
67%
118
*171
2,500
137%
140%
117%
44,700
*135%
67%
31%
31%
11
41
46'A
147%
140 %
53% 53%
140%
31'/a
10
174
137%
10
17'A
*171
*135'/a
35%
10'A
3,700
137%
10
300
19,800
*135%
23%
800
13'A
137 %
35%
130
6
33%
13
*135%
24%
9%
101
13%
27%
25
6
33%
13
38%
25
*100%
92 %
38 %
25
3,300
79%
37%
24%
25'A
10 Vs
7%
47%
200
24%
78%
26%
41
60
6%
91%
7%
147
3,400
*6%
;
10%
37%
36 Vs
127
47
Shares
13%
81
92%
26%
■
the Week
-79%
10%
37%
9%
17%
*40
xl46
174
Baleu fer
share
79
92%
*
*37%
*35%
*122
*171
7%
■r
101
6%
10%
31%
20%
100%
25%
,33'A
79
13%
25'/a
6%
91%
13%
*80%
7%
33'A
10 Vs
$ per
13%
6%
77%
Friday
Apr. 8
'
81
33%
91'A
50
20%
>
101
9%
No par
50%
*6%
25%
77 Vs
v
■
81
7 Vs
6% ■'
*33%
13%
81
*6%
25%
*100%
$ per share
13%
13 Vs
*80
90%
10
55%
50%
f per share
77%
13'/a
55
21%
Apr. 7
91%
9%
55
*101
Thursday
Apr. 6
77 Vs
55
29'/a
Wednesday
91%
25
No par
Anderson-Prichard
Andes
87
76
Corp com„ 12.50
preferred
Anderson,
10,200
48%
Sper share
share
7%
8
29%
*70%
com
Anaconda
A P
29
140%
53%
117%
No par
$5 prior conv preferred
$4
8
No par
preferred
&
*117%
5
common
$4 conv prior preference
Amer Zinc Lead & Smelt
Anchor Hock Glass
8%
48%
.
Apr. 5
67%
68
American Viscose Corp common__l4
5% preferred
100
Woolen
5,300
i >.8%
Tuesday
145%
146
25
140%
Water
56%
8%
48%
78
*88
56
8%
48%
47%
26 %
90%
*135
137
100
.
common
preferred
American
149%
.38%
*25%
*23"%
*9%
*35%
100
Am
101
6%
33%
9%
9%
90
90%
76%
77
13%
12%
*169% 172
7%
7%
27%
28
*40
41
48%
48%
149%
100
Foundries
Sumatra
,
No par
com___
Refg
*46
56
9%
49%
3%
47%
56
8%
*36%
;4
*78
*33
No par
preferred
17
135
34%
6
600
.7 49%
37%
8%
37
3%
f per
7%
25%
*100%
No par
com
Smelt
7%
126% Jan
6% Jan
8%
Seating
121% Mar 28
Jan
34%
6
57%
50
26%
13%
25%
No par
Light
8%
*49
Apr. 4
79
1
Co
American Stove Co
25% Apr
Dec
8c
American Sugar
7% preferred
Apr
90
55%
8%
Monday
*7
Amer Rad & St San'y com—No par
7% preferred
100
American Safety Razor
5
American
56"% July
104
Jun
x5%
*36%
t per share
100
Molasses
10
3
8%
58
2
50%
*87
12%
No par
American News Co
28% Mar 31
18
103%
17
2
3%
79
American Metal Co Ltd com_Nopar
13
17
Jun
8%
Apr. 2
Amer Machine & Metals
37% Jan
Jan
120
55%
48
Saturday
Fdy Co com—No par
preferred
100
3.90%
12% Jan
60% Jan
71% July
16%
39%
'*102%
LOW AND HIGH BALK PRICES
.
25
143
Jan
17%
39%
103%
34%
16%
2
2
6,700
39%
*102%
88
21% Jan
Jun
16%
20
40
39%
104%
6 %
16%
400
80
39%
35%
5%
100
17 Vs
*78%
,
88
28
Mar
*16
35%
5%
5.U00
17
103%
104
16%
5%
100
44
*17
17
80
1,000
*16'/a
90
24
28
40%
17
80
43
7
90
23% Feb
68%
36
103%
16%
*87
Jun
xl6% Feb
39%
105
-I
44%
16%
-
700
21%
108%
100
Mar 16
6
82
43%
17%
*107
16%
common
Amer Mach 8s
'
3,000
16
135
Mar 21
17%
*80
46
*21 Vs
21'A
108 %
15%
3
9
*17
21 Vs
*107
16%
Jan
31% Feb
17%
82
36
*103'A
2
*16%
21%
108 %
16
Mar 31
May
144
Oct
131
40%
40
40'A
K"
45'/a
17 Vs
*16%
•V*
46%
*80
17
82
45%
*16%
V
■
21%
*170
16%
39
158%
Dec
17
82
,
21%
107 Vs
16%
5
131% July
20% May
116% Mar
21%
106%
16%
34% Jan
24% Jan
72
16%
Am
41
71%
16%
Amer
27
72%
*72
16%
,
19
Jan
Jan
72%
16
Locomotive
*70
EXCHANGE
6"% Jan
•
1,700
72%
*
16
7
Dec
22
72
1
3
Feb
21%
72
13%
10
10%
72
*12%
Apr
35%
480
28%
92
*70
56% Jan
130
175%
28
16%
154 % Jan
Jan
91%
174%
28%
12%
8
34%
16%
11
91%
174%
28%
78
11
140
Dec
21
Feb
91%
174%
28%
91
*16%
Feb
35% May
25% Nov
38
45% Apr
91%
175%
*28%
*12%
NEW YORK STOCK
7% Mar 14
200
175%
*70
Nov
142
28%
16%
162%
Jun
91%
12%
14% Jan
Apr
4,400
78
4
May
1,900
3%
103
12%
Feb
.
7%
3%
*16%
12%
68
7%
3%
12%
No par
46
*101%
7%
3%
16%
-
No par
163%
103%
7%
3%
*70
preferred
Feb
102 %
7%
*16%
preferred
Sep
103%
*12%
7%
7
600
7%
12%
$6
Mar
31%
16%
$5
38
*
31%
78
10 % Apr
46%
2,300
30%
12%
79% Apr
139
31'A
31
*70
American
8
175
2,000
*16%
92% Apr
4
40
9 Vs
16%
100
10
8
64'A
9
16%
preferred
11
Mar 31
23%
23
*12%
non-cum
25
6% Mar
Vs
*63%
9
6
7% Feb
23% Jan
*
63%
9
6
70% Feb
169
23%
63%
9%
103%
:
175%
28%
*23%
65
6
80
12%
83% Feb
Oct
90%
28%
1,600
'r 3%
7%
3%
174%
175
36,500
*5%
Jun
Jan
91V4
400
9%
62
24
24
103%
7%
3%
v
3,400
36%
■
1
com
11%
Jan
90%
*103
8
3%
9%
61%
No par
Products
Co
86% May
16% May
12%
30%
9%
62%
*46
95% May
28
31%
*35%
-
600
103%
47
26%
Feb
176
30%
103%
36
9%
62
3%
41
47
26%
Nov
Dec
9%
83%
5%
16%
17%
Nov
Feb
*63%
9%
3%
*37
104%
36
9%
62%
3%
41
103
;
36 Vs
9%
24
103 %
.
*62%
64%
8
36
6%
6%
104
36 Vs
'
9%
62%
9%
17
17
*82
39%
*35%
69'A
16%
36 Vs
64%
17 Vs
104
80%
12% Mar
9%
103%
800
'
*37
50
com
preferred
conv
6%
20
13% Jan
101
104
24
46%
*103'A
American International Corp_No par
American Investment Co of 111
1
4
24
81
x34
30%
3%
*
4
S per share
30% Jan
*30
3%
41
37'A
& Leather
Ice
Apr
30 Vs
3%
*37
*3%
Highest
72%
29%
30
30
3%
40%
*36%
Hawaiian SS Co
Home
18% Jan 20
t per share
30%
1
Range Since Jan. 1
S per share
100
400
55
8%
47
American
7
3,500
4,000
54%
7%
46%
6%
27
400
'1
89%
27%
Mi
46%
No par
American Hide
75% Jan 24
Lswest
Highest
27 %
-
*87%
82%
9%
STOCKS
Year 1948
27
?
No par
Range for Previous
Lowest
90
No par
10
preferred
American
Jan
27
27%
36 Vs
...
*16%
1%
Mar 29
102
10
17%
17%
Jan
12% Apr
17% Jan
36'A
*16%
40c
American
4% Jan 20
3
27
*87%
$7 2nd preferred A
37% Feb
Jan
47
27'/a
$6
31
3
2,300
17%
17%
*81%
103
*45%
No par
preferred
179%
*16%
28
82%
*3%
108%
No par
$7
179%
17%
28
27%
105
*107%
l
com
179%
*16%
82 %
*37
21%
108 %
46%
5%
*15%
Foreign Power
900
27%
31 Vs
72
20
Distilling Co
3'A
3%
74
Amer &
Jan
53
Jan
*72
preferred series A-100
Encaustic Tiling
700
7%
28%
23%
28%
95
7%
82%
63
175
*92
7%
27%
63'A
28%
95
*81%
62
*102'A
400
3,800
82%
62%
31
-
23%
102
28%
23%
90%
175
American European Secur
American Export Lines Inc
9 % Apr
3% Jan
conv
American
Apr
51
Co
American
2% Jan
Jun
46
3%%
36% Mar 31
29% Jan
Co
Colortype
9%
70
1
23
*101
'
Crystal Sugar conwl-lO
prior preferred
100 v
American Cyanamid Co com
Jib
Mar 12
19
90%
4%%
Mar 11
99
Dec
25
i_10
Chicle
36'A
.
1
American
taar
Mar 11
Sep
1
No par
21
17%
87
1%
31% ' 31'A
102% 102%
*7%
8
3%
3%
21%
*107%
American
%'
9'A
No par
American
101
23%
30%
30%
.
70
71
102
28%
41
9%
No par
4
3'A
5,100
*81%
82
64'A
Cable
18
88
23%
preferred
&
27%
88
9%
*28%
Chain
27
89
23%
*174%
non-cum
27
*87%
*63%
100
5%
26%
89%
,
No par
100
46% Apr
17 * Feb
11
Jan
Inc
preferred
15
26%
*30 Vs
46%
177%
1
17%
28%
28%
180
9,500
45%
46
2%
7%
179
179
500
2%
*92
7%
*27 %
*37
100%
36%
American
22% Mar 30
18
13 %
Dec
7%
Co
& Radio Corp
Can Co common
177%
22%
2%
102
95
7%
*16%
'
100
Broadcasting
176
7%
*68%
23%
102%
17%
62
No par
com__
preferred
conv
108% Feb
49% May
Oct
Co
*92
7%
23%
28
3%
American Car & Fdry com
7%
preferred
11
15% Feb
19%
6%
Jan
79% Jan
14% Mar
42
82
7% May
.
Shoe
Amer Cable
Sep
Dec
163%
Brake
71
*68%
*16%
9%
*
71
*27%
62%
-1
45%
17%
9%
10
common
Corp common
45%
46
.27%
62%
50
Bosch
100% Feb
Jun
6%
Feb
Bank Note
American
15%
*45%
15,200
65
27%
1
preferred
*14%
*63%
*16%
100
common
conv
preferred
10% Mar 29
3
76%
Airlines
cum
15%
65
2%
95
82
45
--.100%
*36'A
*14%
*63
2%
*87%
30%
*3%
*37
15%
65%
2%
*100
27% ,28%
3%
15%
24
*92
8,300
103
3%
*63 %
102
176 %
20%
*98
3%
2%
23%
175%
20%
20%
103
3%
15%
101%
28%
*30%
1
50
No par
Chemical_No par
Agricultural
Mar 30
29% July
31%
Amer
10
63
58%
May
25
No par
com
preferred
*68%
95
*98
3%
3%
24 %
81%
28%
81%
*:
Petroleum Corp
Amerada
4
40% Jan
convertible
3
Jan
18% Mar
Feb
6%
31
Apr
106
Alpha Portland Cement
Amalgamated Leather Co
6
Jan
Mfg common_No par
preferred
conv
4
6% Jan
51
3%%
Mar 21
43
83%
Allis-Chalmers
7
3% Jan
6% May
44
Corp common
preferred
4%
20
70
7%
27%
26%
Co
45%
*7%
8
20%
103
*98
102%
102
*92
95
*92
*
1
2%
46
23%
24
102 %
20%
x20%
3%
65%
65
2%
69
69
23%
102%
Industries Inc
Kid
*15%
67
2%
8% Jan
Chemical
15%
66
*65%
1
93% Feb
Allied
15%
66
15%
100
3%
3%
21
103
3%
* 15 %
No par
*98
3%
5
conv
20%
103
*98
3%
common
conv
21
20%
21
103
*98
10
preferred
Allegheny 8c West Ry 6%
188% Jan 24
20%
100
Juneau
$2.50 prior
Jan
300
29
17%
Allegheny Ludlum Steel Corp_No
Mar 12
90
700
29
4%% preferred
Allegheny Corp common
5%%
preferred A
28% Jan
*41
17%
21%
91
41%
28%
1
34% May
Feb
*41
1,600
6,600
17%
Corp
Dec
Mar
41%
*41
Dec
81
3,100
74
*66
2%
47%
fer
Shares
79%
78%
78%
74
2%
16%
25
*66
Bales
the Week
share
2%
1
Aldens
Feb
78%
74
*66
S per
2%
10
a
78%
78
77%
74
*66
Friday
Apr. 8
Apr. 7
$ per share
$ per share
2%
25%
Jan
77%
74
*66
Thursday
Apr. 6
$ per share
78
77%
■'
74
*2%
Co
Alaska
27% Jan
104
Co
Express
Alabama
47% Feb
23%
.*77 Vs
2.50
$ per share.
Wednesday
28%
Air
2
2% Jan
40% Feb
Co
PRICES
Apr. ft
Addressograph-Multigraph Corp__lo
Mar
Jan
2% Feb
Steel
Tuesday
Admiral
Mar 30
3% APr
15% Mar
65%
100
100
3
13% Feb
4% May
58% Oct
Feb
3
9
Jan
3
21% May
80% Jun
Dec
5
18% Jan
May
4% May
Dec
Jan
97% Mar
108
Nov
13%
Dec
27% May
Nov
2%
Jan
$ per share
No par
5
2% Feb
99
Par
Abbott Laboratories
69% Jan
May
Monday
Apr. 4
.
Apr. 2
Abraham
Jan
Jan
xl8%
Baturday
,
6%
100
LOW AND HIGH BALK
STOCK
Sper share
Sper share
Dec
Dec
YORK
EXCHANGE
Highest
2%
76
13
29%
*29 Vs
29%
7,500
800
COMMERCIAL
THE
(1570)
14
YORK
NEW
Lowest
Highest
$ per
$ per share
5 per share
23% Nov
32%
Dec
101%
Jun
6%
90
t per
Saturday
Apr. '2
Feb
4%%
3
77# Jan
8
95
4
Jan
Par
Steel Corp
Armco
$ per
preferred
conv
Co
&
Armour
Illinois
of
68%
Dec
77% Jan
10
41%
Feb
56%
Jun
43% Apr
49% Jan
21
88
Jan
99%
Jun
103
Nov
96% Apr
107% Mar
99% Feb
110% Jan
4
3
137# Mar
15% Jan
5
25%
*92
257#
93
5
77#
7%
com
No
No
No
No
Arnold
13%
115% July
18% Jun
Dec
69% Apr
Jan
19
12% Mar
May
98
Dec
111
May
98% Apr
Dec
106
July
87% Apr
1
26
Feb
Mar
107%
Dec
19%
5
*14%
15
*1474
*1472
*i0Vk
1074
107»
1072
10
*12 7#
127#
99%
127#
98%
12%
9972
12 7,
9
—No par
Dry Goods common—1
6% 1st preferred
——100
1% 2nd preferred—
—100
Associates investment Co
„lo
7
Atch
21
Jan
35% Mar
105% Jan
A
7
Atlantic Coast
July
36
47
Jan
25%
Jan
64%
Dec
53
Feb
7
67
Mar 18
Sep
81
Dec
77
Feb
14
94
Mar 18
30
Feb
50% July
33 % Feb 24
39
Jan
62
Dec
Feb 25
Feb
114
May
106% Feb
14
109% Feb
5%
Feb
99
Jun
94% Jan
-6
98% Jan
25% May
64% Apr
4
48% Aug
Jan
114
4%
conv
Atlas
Tack
9% May
4% Feb 25
674 Apr
12%
NOV
16% May
13% Feb 11
15
Feb 25
8
Xll
19% Jan
NOV
4%
6
Jan
19
6% Dec
7%
Feb
Jun
46
35% Jan.
11% Jan
772 Jan
Mar 28
447# Jan
Avco
7
10
39
$2-25
conv
44%
43%
44
437#
9774
9672
97%
967#
4372
967#
1,303
*9674
107%
1077k
1Q7%
10772
690
*14%
157#
1472
1472
44
10774
10774
14%
14%
107#
127#
9972
10
10
12%
12y2
974
97k
127#
1274
4,100
13
410
9874
9974
99
9974
9874
*«6
*
87%
88%
*87%
*34
347k
34
34
92%
92%
92
92%
9272
93%
1017#
1017#
101%
101%
9974
,!-o
3474
300
1,400
974
974
12%
340
<1
"
280
8872
800
34
*
34
4,500
10172
600
137a
3,300
377#
387a
3,000
377k
37%
64 72
37%
*6272
64 V2
84%
84%
*63
86
86
35 7a
36 %
3574
36 %
108% 108 %
97 7a
97 W
108 V4 10874
977#
97%
227k
'
237#
ey4
674
67#
15
*147#
6%
6%
16%
I6V4
07a
67k
672
40
147#
147s
12%
*14%
14%
127#
9%
974
40
10972
320
500
97%
97%
9774
977»
973/4
770
22%
22 5/s
227a
237»
7,700
467k
47%
46%
47
4674
467a
920
106
'1037a
104
103
20
106
20 %
*1972
20%
*19%
207s
67#
6%
5%
57k
5%
5%
*14%
1474
*14 7#
15
*14%
67k
7
7
1,900
15
1,600
674
67k
77#
15
1574
1574
1572
1572
6%
67#
41
*1474
127s
42
9,200
1097#
*19 y2
67k
*397#
*40
109
23%
104
16
674
35s/#
22%
15
67#
16
95
347k
97
67a
*14%
15
672
16%
64
85
3572
10872
*62
85
*82%
108 Vz
64
*61%
84%
3674
35%
10972
64%
847k
237#
48%
104
104
*1S72
20%
6%
>101%
35%
*63
,
22%
4772
672
6 72
1,900
1372
common——No par
(The) common—3
preferred
No par
697#
37%
487k
Mfg Corp
6974
14
65
*63/k
70
37%
104%
207#
*147#
70
137k
487k
*16
13,300
70%
70
37%
*104
*1972
•
7%
147#
207#
5c
90
7%
7%
37 y2
4974
No par
7%
147k
10472
Co of Amer—5
7%
7%
37 %
*48%
-;
93
147k
*104
*1972
Co
11,500
25
93
147a
14
1-100
Automatic Canteen
177# Mar 10
5
6% Feb 24
Oct
Autocar
24
247#
94
1472
14
377»
No par
prior pfd ($1.20)
Conv
Mar 24
25%
94
92%
101%
—No par
:
Shares
share
247k
9372
91%
1017#
84
84
o
preferredCorp——
Nichols
Austin
Jan
*63%
$ per
share
25%
9272
10174 1017#
23
Jan
Dec
1'
_10o
34
$ per
$ ver share
for
the Week
Apr. 8
25%
15
99
*88 74
89
3474
9174
977#
Jan
4%
3774
227/4
Atlas Corp
A
Atlas Powder common
58
xl9% Feb 11
*1374
977#
conv
20'% Jan
24% Jan
927*
92%
*1017'# 102
3574
109
106
Oct
89
Apr. 7
93
'
Sales
Friday
Thursday
Apr. 6
107% 1077*
15
*34
3574
*1087#
7
Feb
Sep
20
89
34
—25
preferred series A—100
8
46% Apr
100
99
*8772
Preferred $3.75 series B——100
23% Apr
Jan
*98
*33%
No par"
RR
preferred
non-cum
4%
17
NOV
20
par
Atlantic Refining common
4
91
Line
Atl G & W I SS Lines common
7
102
Xl9%
par
—10 '
T F Inc
7
Jan
15
66
44%
par
Topeka & Santa Fe com—100
100
5% 'non-cum preferred
103% Jan 24
12
Jun"
par
Associated
7
87% Feb 24
Jun
71
4574
*96%
98% Jan 27
14
77#
.977#
977#
108
10874
98% Feb 26
" Feb 24
120% Sep
84
06
13%
30% Feb
Jun
35
Jan
77#
71
44V2
Constable Corp—
Artloom Carpet Co Inc
103
8
87%
7%
*92
„
Wednesday
25%
93
774
71
4472
9774
25%
92%
717»
457»
13V2 Jan 11
11% Feb 28
26%
93
25%
PRICES
SALE
S per share
$ per share
71V2
71 y2
*4574
46
*96%
977#
10772 108
$6 conv
137# Jan
9% Apr
17% Aug
11Y4 Dec
8
AND HIGH
Tuesday
Apr. 5
Apr. 4
share
—10
-100
com
prior preferred
Armstrong Cork Co com
$3.75 preferred
—
$4 preferred conv
i
106
Monday
LOW
share
27% Jan 26
24
6% Feb 25
15% May
Dec
RECORD
EXCHANGE !
Highest
chare
23% Feb
Oct
89
STOCK
NEW YORK STOCK
Range Since Jan. 1
Year 1048
Monday, April 11, 1949
CHRONICLE
STOCKS
Bango far Prerloui
Lowest
FINANCIAL
&
67#
6 7a
674
41
397k
397#
39
1,000
39
*39j/b
15
6%
678
14,800
300
B
Babbitt
1374
Feb
1672 Jun
#74 Jan
117#
Dec
17V4
Jun
107# Feb 24
127k Jan
16% July
87a Feb 24
11% Jan
Baltimore
16% Feb 24
22 *2 Jan
10
Mar
29 % Juiy
4%
Feb
137a
Feb
3172 Jun
20
Feb 24
25
Jan
8072 May
05
Mar 18
70
Feb
Conv
May
40
Mar 22
477k Jan
59
407a Nov
28%
Jun
17% Mar 23
45
Dec
x20
Jun
37
3672 Nov
31
Feb
-4574 Dec
Nov
1672 Mar
15% Dec
,2372 Jan
4372 May
9
3074
8072
Dec
Sep
69
30
100
Dec
Feb
Jan
15
Apr
8
Jan
4
Bath
Beatrice
3774 Mar 29
37#%
Feb
18
9072 Deo
103%
Jun
927# Jan
98
Mar 21
Feb
9%
383/# Jun
Dec
2174
Nov,
26
203/8 July
Jan
21
68
Dec
8772 Mar
8674 Dec
10274 July
3072 May
2372 Feb
3772 May
3974 Oct
Feb
25
30% Feb
125
Dec
13974 July
3774 May
Nov
1474 Jan
Mar
2674
9
8
77# Mar 28
11
Jan
*147#
14%
14%
14%
14 %
14%
"727a
74
24
Jan
5
7372 Jan
-4
78
Feb
15
5
98
Apr
7
93
Jan
Home
Bendix
Cum
7
33% Jan
7
136% Feb
2
317k Mar 21
974 Feb 25
11% Mar 11
13
$ per share
.
j
$ per
YORK
NEW
share
;
,
15
307a Jan
24
1474 Mar 30
12% Mar 18'
Bliss (E W)
12
1174 Apr
' Apr
7
13% Jan
8
36
8
407k Jan
7
20
Feb
7
2574 Mar 30
2274
3774 May
2374 Jan
3
27
Jan
18
Bohn
Feb
16
64
Bon
96
Jan
Jan
12
30%
Dec
51
Jan
23% FCb
4
3272 Jan
5
16%
Dec
2774 May
16% Jan
5
1'8% Mar 301
387k* Mar
7
56
417a Jan
6674 July
46
Feb 25
54
Jan
94
Mar 30
96
Mar
42
26
Deo
71
32s/# Jan 27
Oct
5
774 Jan
3
27
297a Feb
4772 Jan
32
9
Jan
33
Jan
6
103
Feb
16
No par
4
65
307a
Mar
40
Dec
Jun
167a Dec
Jan
6
1874 Feb 16
14% Feb
120
8
*
Feb 16
Feb
Apr
1774 Mar 14
124
>
Inc
comnfon.
ilS
BucyruS-Erle Co common
preferred
(The) Go
.2—5
j.
—
common
^100
-No par
_No par
1
Jan
73
0
77
4%-May
Mar
Apr
13% Feb
Feb
3
Feb
27% Mar
40 V*
Jun
30
52
54% Sep
3
May
54
jun
Dec
;
21% Dec
8% Mn,y
3174 May
Nov
15% May
1017s Nov
27% Dec
,14% Mar
119
,
Feb 26
-Jan
Butler Bros -commob-
Jan
_1
24
7%
parfrlcipfdiing preferred—^100
Byron Jackson Co —J
—No par
Callfornia Packing common—No par
5% preferred
——L
50
36% Jan 28
56% 'Jan 22
6'
Calumet & Hecla Cons Copper—_5
Feb
22% Jan 10
98/b Jan
12% Feb
4
10974 Mar21
39% Jan
16 74. Jan
18
11% Mar
147# Jan
40%; Jan
45
18
Mar 23
Jan
7
24
'
;
:—;
1
Campbell W & C Fdy—_No par
Can Dry Gingdr Ale. oom__—186%
preferred——1.N0 par
Canada Southern Ry po. i——100
$4.25
ooirv
Canadian Breweries Liid_
Canadian Pacific
Cannon
Mills'
Ry
;
.No par
-
—
Apr. 5
$ per
25
No par
,
,
75
15%
1%
47#
227#
*1274 12%
*108
111
.
*38 1
39%
*1778-18%
'
12 y4
127#
*43
437s
47#
227#
for
the Week
Shares
share
V
29%
*2872
2972
28%
28 %
2872
28'/2
14%
1472
14%
14 %
'14 V#
14%
-•-Mi/a
1474
11%
117#
1174
11%
11%
XlO%
1172
*1174
11%
*117#
*
11
■
300
2,000
.
;
4,100
>
500
Hi/4
•11%
37
36
36
23%
24
2372
23%
13,300
267k
26
267#
*25%
26
25%
25%
2574
25'A
1,200
58
2772
57%
57%
57%
5874
57%
58
58
58
267a
26%
27
2774
27
2772
2772
27%
600
177k
17%
17%
17%
17%
17%
177k
177k
17%
3,400
39%
407s
40
40
40%
39 7e
40
2,900
11%
46%
46%
467#
94%
*9272
9472
1%
*1%
1%
1%
47#
22
12%
*108
*38
56
17#"
47#
22
12%
110
46
/
'34 y4
*34
34 Vk
8%
8
874
4172
*39
*40
8%
*87»
27 3 4
25%
32
;■
*100
28
26
32%
101
8
*34
41%
74
26%
2672
9%
29%
21%
16
1227a
8y#
1,300
27%
3,400
32%
32
3272
*100
lOlVa
27
27 y4
27
2774
9%
97#
29 Vk
29 %
29%
*2972
29%
*98
9972
*08
99%
211/2
21
21%
*2072
167,
124
21%
15%
*122%
16
15%
122%
91/4
"663-k
66%
66%
29
283k
29
91
*897#
14%
14 3 k
*14'/2
3374
33%
*32%
15
15
*73
15 Vk
75
15%
73
"671/4
210
29
28%
28%
00%
901/4
160
14
14%
1472
700
32%
/ *3274
32%
15
147#
81%
*80
74V2
*72
*74
73 /
*70
14%
73
15
81 %
*15
.151/4
7%
8%
7'/2
8
110%
110 74
*11074
7%
75
9
75
7%
-
109
7%
75
000
"74
9,300
•81
*7178
*70
157#
V,
15
*80
'
-
400
1°
1
To
'73
15
157#
3,900
"
111
,
-110
*6674
66%
'
*7274
■
8,500
*287a
3372
*80
8,200
12272
974
.01/4-
66%
15
74%
157#
15%
*122
''; 87#
97b
9072
157#
20
2,000
32%
29
9%;
*8=fVa
•82
200
21
90%
66%
15
2,400
0972
14
9%
*71%
120
0,800
29%
*29
157k
122%
1231/2
2,600
■
97#
991/2
Z '9%
,H80
9%
9972
21 %
300
201/2
26 %
26%
101%
327#
9%
*98
87a
277#
101
27»/4
972
87s
28%
*26
32%
9%
20
39
87#
101
267a
4,000
27%
26%
32%
800
i 600
77#
39
41%
3,900
,
3472
7%
•
2874
*26
>100
2
34
8
*39
81/4
28
*1%
341/4
7%
490
94y2
*92V2
1%
1%
80
46%
46
4674
94%
*9272
2
87#
337a
35
<
*33%
*
39%
4672
*92 %
47 7t
94%
1%
*3374
35
87#
874
*39
4172
8%
872
2774
287#
*2574
2672
32
32
*100
101
267k
2674
"9%
974
*337#
55 y2
•
37
*35
40
*102
103
2574
25%
34%
'56%
;
Sales
Friday
$ per
share
*3572
15
1574
81%
81V2,
* 72
747a
*73
75
1574
1572
*7%
8
*11074 111
7%
7%
75
75
4%
4%
237s
2372
110
•" 8
'
87#
75
75
4%
4%
*22% 23%
*102
JL03'
2674
2674
1%
S per
$ per share
share
Apr. 8
Apr. 7
'
12
33 %
,■
34%
Thursday
Apr. 6
11V4
167#
16%
*122% 124
"97k
97k
67
6772
*28 72 * 29
*90
9072
*14 7a
14%
1.4% •,'14%
*5572
Wednesday
•
*28 7a
297k
110
———4—15
preferred
——100
Butte Copper /0c Zinc
;
_5
Byers ' Co (A M) common—No par
5% Jan
18
<"
4%"%
25
26 % Jan
.
Bldg 7% .preferred—100
.472.Feb 26
page 24.
7
2
47# Mar 80
104
———
Bush Term
Callahan Zinc-Lead f
37% Jan
Dec
Bush Terminal
7
44
May
^19% May
19% May
w
•
4
'
Tuesday
9972
22
1
—
24% Jan 27
1
-Nopar
17# Jan
10472 Jan
47%
Feb
—
I%:Marl7
Jun
For footnotes
6
7
Feb
9% Jan
7
21% Feb 25
10
82
197a Feb 26
10074 Feb 14
1% Dec
800
24%
*98
21
T6%
1674
i' *122% a24
-9%
' 97k
68
68
r *28% "2974
.
*8972 91
.
874 Jan 26
7
July
Feb
121
10
.7% Mar 25
73%-Apr
7
16% Jan
8
77# Feb 26
109
35% Jun
Feb
1,300
37
*2972
4578
82
74
27% July
1,100
11%
35 %
29%
157#
*81%
*72
*73
* 1674
105
2874
*11V#
23%
97%
2072
Burlington-Mills Corp common
1
4% preferred
;
__100
3%%
conv 2nd preferred——100
372'% preferred
^100
Burroughs Adding Machine—No par
88
Mar
13372
'-*28%
11 Vk
11
2574
07%
2072
33%
■
4
.
*2972
-
33%
1874 Jan
Mar
Co
$5 (preferred
92
Feb 10
77% Jan 25
Mar
Shoe
—>-5
2
,10
33
374%
8%
8%
28
28
// *2572
2672
:
32%
327k
*100
101
26% 36%
*9%
074
Bulova Watch <Co Inc„2
2% Mar
*13272
29
-287k
24
467s
*92%
17k
1
/Jan 11
8
9
87#
4172 7
36
>
4
'5
35
0%
*3974
*
—
*28
1474
11%
3974
*34
Roller
317# Feb 23
Apr
98% Jan
117#
177k
2
Mar 29
-Jan
133
133
29%
43,000
58
26
467k
94%
(The)
Co
15
89
*2474
1327k
11
17%
28
177e
1
pfd—:-100
74
23%
;
Buffalo Forge Co
15% Jun
31
29%
577k
28
.
—No par
Buff iNiag El Corp 3.60%:
Bullard CO
4.—-
1474
Dec
307k
132%
5772
No par
;
13
8172 Apr
16
A
:
Inc
17
Jun
8% Dec
317#
11
257a
Jan
Dec
900
4,500
3074
297k
25V2
Feb
10% July
2472
3174
132%
2572
38
34
Jun
73
class
Brass
12
*35
91
17% Jun
200
*
27 y#
11
il3k
*35
25
.
25
114
Vk*
267k
297k
257#
*11%
s,
$3.60 preferred —-j— 2—No par
Brunswick-Balke-Collender—No par
6974 Jan 31
24% Jun
Feb
200
987z
25%
132 %
Apr. 4
*
40
7%
97
Mar
2,000
74
.
'
27%
11
$ per share
*39%
Budd
100
77# Nov
.
27
29%
Monday
467k
*927#
*174
Mar 19
Mar
127a
4,800
27%
133%
"
15
974 Mar 30
x87# Feb 11
65
Feb 17
27
/
72% Dec
77
Apr
79
5,700
7 74
24
11
2474
.
4374 Jun
2974 Feb
2574
—— —
237#
*97
297k
133
$ per share
87% Jan
6
1274 Feb 15
907a Jun
74
98
31
21% May
7874 Aug
12% Dec
81
3172
5
2
-
8
22
»
10
9972 Apr
11% May
75
kluly
31
5
—2.50
.No par
Brown
31% Jan
24%'May
3174
29%
147k
1172
11%
37
25%
1072 Jan 21
2974 Mar *4
12474 July
31%
1174
2774 Mar 30
95
Sep
31%
31%
,76
98
-
34%
7 7a
23
*74
^
"f
27
283k
14%
3
33% Aug
Nor
25
277k
1174
3
99
7% Deo
2574
277#
2874
*147#
-Jan
Feb
15
25 74
28
1
1874 Jan
Feb
120
257k
77k
23 Vk
1,100
100
33%
34%
74
98
*9674'
277#
*13274 1337a
297k
2974
11
11
Par'
preferred
I
—2100
Brooklyn Union Gas„
—JNopar
Brown & Bigelow
a.
2
1
27
23% Nov
97 7t
7
*23
500
1674
16%
*97
A76
*74
;76
9774
28
27%
*
*74
99
*2574
2572
*25
.
10
29
5
90%
17% Feb
'74%
Bearing Co
5
Airways Inc
2.50
Brewing Corp of America
15
Bridgeport Brass Co
.JNopar
Briggs, Manufacturing
_No par
Briggs & Stratton
INopar
Bristol-Myers1 Co common—2.50
7
Jan 14
98
Aug
74V2
*9672
3372
772
23
167k
100
4,200
12%
12%
13
16%
*97
237#
774
7%
*12%
34%
337k
34%
34
23 7a
.No par
Braniff
10
Jan
&
B
Stores
Bower
874 Mar 30
Mar 23
247a Mar 22
-127# July
13
17
8% Mar 30
3
257# Jan
10174 Apr
2374 Sep
Dec
3472
34
13
167k
100
*97
100
*97
7%
Borg-Warner Corp common
3%4 preferred
357# Feb
6% Jan
3474 May
37% .Jun
Nov
1574 Mar
8%
2 72 Jan
117# May
Jun
25% Nov
927a
Feb
9
36%
774 Dec
X27% Mar
25
Jun
1074 May
674 Nov
100
*97
5
100
Boston & Maine RR (assented )_100
5
17a Mar
Ami Co
Borden
7
96
Aluminum
Class
Bond
26
427a Feb
877a
174 Aug
32 7# Dec
*1272
*16%
23%
'
.
Bliss & Laughlin Inc
Bloomingdale Brothers
Boeing Airplane Co
May
5% May
13
7s/a
—
177a May
44% July
Nov
1,700
16%
Saturday
Go
297a
Jun
14
237k
/loo
Black & Decker Mfg Co
Blaw-Knox Co
25
'44%
14
.
9%
LOW AND HIGH SALE PRICES
874 Feb
1974 Nov
3774 Nov -■
14
772
No par
No par
v
-32% Mar
67% Dec
14%
: 14
127 k
Apr. 2
1274 Feb
'
Dec
14%
16%
STOCK
2674 Feb
Apr
14%
167a
EXCHANGE
Highest
3674 July
Dec
14
23%
com—No par
19% May
14% Sep
Feb
1,300
147k
93k
"
$ per share
9% Dec
150
3574
STOCKS
Range Since Jan. 1
Lowest
Highest
2674 Dec
xl3
29%
3574
77k
1
7% preferred
Blgelow-Sanford Carpet
Birmingham Electric Co
28
Year 1948
$ per share
(Del)
24
26 74 Jan
9%
2974
37
12%
1
Steel
97k
31
2374
—
900
74
*72%
74
*2972
774
•
—
-
Foods
Best
*7272
147#
1472
*36
16 %
75
99
200
13 Vk
137a
97k
*12%
*73 7a
*96
3774
91
15
367k
2374
<-
6,200
*37
*89%
15%
2974
—10
pfd $3.25 ser of 1946.No par
div ser of 1948-No par
15%
37%
91
157a
37%
*8972
,
97k
1674
347k
3,600
2934
337kc
com
6,400
13%
*35 7k
97k
31
1274
100
41
45
137#
3674
9%
*29 72
147k
*97
347k
10
41
44
13%
36
9%
31
36
12 74
7
90
300
36
9 72
*2972
*14
*14
5
Loan
Cum pfd $4
Bange for Previous
Lowest
100
,
36
*16 7#
1 '
—1 ;
—10
•_
—
.Mar 15
132
30 72
36
187#
41
74
*72%
187a
1,500
2,300
•
45
14
14
74
*7272
74
*72%
972
*29%
10
Bethlehem
30 3/# Feb
972
i_50
Co
Appliances-
Indus
Best & Co
30% Jan
v
——1
Corp
RR—
Packing
preferred
Beneficial
■
2674 Jan
237# Feb 11
267# Feb 25
pfd—_100
Bendix Aviation
7
2174 Feb 24'
15%
2.50
—25
Belding-Heminway L„—j
Bey Aircraft Corp.r
Bell & Howell Co common
34% Mar 30
31% Feb 11
15%
15%
15%
Mills, Inc./
Creek
474%
13
91
Beech-Nut
1
Feb
16
12%
•
37%
Beech Aircraft
12
17
13
*8972
4
13 74 Jan
13
*37
21
Apr
5
10% Feb 14
13
91%
32% Feb
KTt Jan 28
15%
12%
377z
10% Jan
Jan
*1574
447a
*89 72
conv
41
127s
447k
*37
7
20% May
1974 Mar
12%
4074
4,700
22
677a
,
44
*4Q%
457k
15 Vk
Beck Shoe (A S; 4%%
■247#
12%
18%"
2072
21%
67
16%
*18
41
*4074
45
91%
3
Dec
,1
41
46%
37%
Feb
Beech
*40 Vk
45 3k
1572
75
Mar 30
41%
*40
18 %
37%
5
37
187#
187s
12,600
41
40%
407s
*4072
*89 %
Beaunit
17
18%
6772
91 %
8
Jan
40
21%
5,400
10
197#
19%
*2178
*67
37%
20 74 Jan
8 74 Feb
40
19%
22
67 %J
*89 %
7
28 %Mar 25'
41
18 72
common
13% Apr
34
6772
*407t
197s
*21%
19
*37
Co
24
/Mar
21%
66 72
19
100
Inc——
Foods
Jan
.69
197s
21%
pld—:
Cigars
Bayuk
117#
97k
600
147#
117a
9%
66 %
41
467k
—
14%
11%
9%
1974
46 74
-
14%
11%
97b
67%
No par
Works Corp
Iron
91
14
14%
*4074
50
147#
11 Vk
22
—5
1—10
s
_=
OilCo
14%
978
>
9%
21 V«
*18
common
preferred
97a
66 %
"
40
Barnsdall
10
15
40
*18
14%
Xll 7a
14%
12
12
10
19 Vk
1972
20%
67
877# Feb 25
,
3472 Apr
3774 July
32% Feb
147s Feb
10% Nov
Jan
1972
20%
*66
Brothers
4%%
Mar
49
32
2274 May
16% Mar
41
4
97k
5%
Barker
217# Jan
11
12
•
*
&
Barber
1372 Apr
7
1774 Jan 20
9%Feb
Jan
90
Jan
3974 Mar
13
100
-common
preferred
—100
Aroostook common—50
preferred
100
Oil Corp (Delaware)
10
Bangor
Feb
90
Ohio
&
non-cum
15%
,
1
(B T) Inc
Baldwin Locoftiotive Works
14% Jan
3
7%
109i 2
7%
77#
73%
75
73/i
7%
*108V2 110
#7#
4
.
1,500
50
7%
3,800
73%
190
"4%
7%
*72
4,000
'
-
.
4%
*22 72
103
247k
34
4y2
"2372
.10372
24%
34%-
4%
227k
104
*23%
34
4%
,
24Vk
347#
4%
*22
22%
104
104 '
i
34
34
4%
*4»/4
22
22%
•22%
900
104
104
104
170
24
24
24
1,000
34
33%
3374
*53%
'5572
*5572
5672
*55%
*55%
567Z
40
172
1%
172
iy2
1%
1%
■IVz
1%
3,900
•5
4%
47#
474
47#
4%
474
2,800
217#
21%
21%
2172
217z
800
12 y#
117#
12
117#
11%
6,100
"47#
22
•12 Vk
*108
22
127#
110
217#,
12
*108
110
56 %.
*
108
108
i0672 107
39%
*38%
38%
*3874
3874
*3874
38%
*38 Vk
*1778
18 y2
*18%
18%
*1874
19
*18%
19
*1874
12y2
127#
T27a
127#
1274
12%
43%
4374
♦43V2
43%
4372
44
1,100
12 %
*43
12%
'43%
260
3874
.
187#
127#
18,600
*42% "4374
000
12%
Volume
169
Number 4793
THE
COMMERCIAL
.Range for Previous
■'
48%
18
56
Apr
Aug
12%
30
110%
Dec
,
Dec
20% Jan
30% Mar
%
9
Dec
Jan
May
52%
6
Jun
Feb
6
Feb
7
35 % Jail
4
14% Feb
class A
common
l
Clinch & Ohio Ry
Power &
Lfght
Case
7
&
General
(J I)
Co
common-x
34
*134%
11,
7,
58 Va Apr
4
7%
preferred—
'
Caterpillar Tractor—.—
32% Jan
7,
Celanese Corp, of Amer com—No par
1?3"-
140 '
Feb
;
2234
Feb
17%
Dec
16
3
May
125 ,(. Feb
10
\34% Jjun
Jan
18%
Feb
16
11'A
Sep
9% Jan
12%
Jun
3% Feb
9
22 %
Dec
38% July
6%
Nov
83s Mar
"6% Mar
108
Jun
83
May
81%.Jan
39% Nov
21'A Feb
10 %
Dec
9% Feb
28
15'
May
7%
Dec
11 !
Jun
7% Jan
5
Dec
28%
Apr
17% Feb
15
12%
Nov
20
May
10% Feb
11
24%
Feb
33'
Jan
24% Feb
24
17%
Feb
26%
Jun
20% Feb
10
90
Feb
100%
Jan
92
Dec
.-
11% Jan
13% Jan
6
*100%
101%
101%
101%
*100%
101%
127 %
127%
x20%
21
*17%
17%
18
*17%
17%
17%
7%
7%
&
Violeta
South
West
Corp
Sugar Co—
Certain-teed
*82
12 V*
12»/a
10%
10%
8%
20%
1
12%
12 Va
*24%
25%
.25%
x
*17'%
17%
*17'%
17%
200
16%
16%
10% * 10%
"
16%
16
16%
10%
10%
10%
10 '/a'
4%
4%
4%
4%
43%
17%
17%
7% '
7%
17%
17%
17%
18%
1,500
x7%
7%
7%
7%
1,900
408'%
108'%
f4
109%
j
109
;
Va
24%
12 V*
12 V*
10%
10%
*10%
*8
20%
7%
27
Jan
18
24% Jan
Mar 17,
7
97% Mar
v
Chain
4
Belt
Co
'
Champion Paper & Fib com„No
$4.50
preferred
22
par
—No par
x
22
*92%
24%
243%
1,000
12%
12
12%
12%
12%
23.400
10%
*10%
19%
8%
19%
19%
2.700
11%
t,ll%
11%
6,200
25%
,*24%
25%
700
213%
900
11%
12%
11%
25%
25%
35%
*24%
*21%
94
*92 Va
15%
Jun
6% Feb
5
8% Jan
7
Checker. Cab Mfg
1.25
*6%
7
7
May
19% Mar
1
28% Jan
7
20
20
Dec
45%
Jan
31% Jan
3
34% Jan
20%
32%
20 V*
31%
32 V*
,32%
32%
Dec
90
Jan
79
Jan
7
85
*81%
83%
*81%
Feb
83%
9
July
4
Feb
14
Chesapeake Corp of Virginia
5
Chesapeake & Ohio Ry common—25
3%% convertible preferred
100
Chic & East 111 RR Co com—No par
76%
4
7
Feb
3
5% Jan
21;
7%
Feb
17% July
8% Feb
7
9
Nov
14% May
12% July,
9
Feb
11
7% Feb
24
10Va Jan
11
13% Feb
25
18% Jan
7
6
Jan
12
Jan
7%
-
22% July
15% July
Jan
11 Ye Apr
10
7% Feb
24
Jan
3% Feb
11
5% Jan
7% Mar
5% Feb
24
8% Jan
Mar 23
33% Jan
7
Apr
41% July
23
13%
Dec
•23% July
10% Feb
25
15
Jan
Dec
49% July
29 % Feb
24
36% Jan
Dec
40
25
Feb
11
49% Mar
57
Jun
49% Jan
20
53
25%
Feb
42%
Sep
28% Feb
24
34% Jan
21
45%
Jan
72 %
Oct
64% Mar 16
74
20
15%
Oct
12
Feb
28
12% Feb
4
19% May
14
« Feb
25
16% Jan
19
5% Jan
Series
29% Mar 30
7
10
July
14%
Feb
2%
Nov
44%
Oct
31
.V
May
1
4%
3% Apr
Apr
8
Feb
28
GO
49
63% May
Mar
Jan
,
Louis Ry Co class
Paul &
5%
"
$3
convertible
Childs
Co
5%%
7
common
29% Jan
24
Cincinnati Gas &
103% Feb
11
4% preferred
L±
x_x
100
Cincinnati Milling Machine Co,.,-10
36%
Jan
48% July
42%
24%
Dec
33
25
7%
v
•
Dec
75%
Dec
:
Jan
15%
Jun
10
•
July
80
Jan
J
88
34%
Feb
*
105%
Jan
22%
Oct ;•
09%
Dec
-
Apr
18% Jan
7
38% Jah
8
C
% Mar 21
1
Feb
109
Jun ;
Mar
85
42
Apr
23
Jun
105
16
v.
112V* Feb
28%
25% Jan
26
Cleve
105% Feb
28
5%
5
Cleve
68% Apr
6
73
Feb
17.
47% May
39% Jan
13,
43
Jari
28%
.*7%
*17%
*26%
100
•*150
100
;.
i
*82
18
s
26
&
Pitts
RR Co
Special gtd 4%
7%
x——_50
13
*12
14%
3 V*
12%
Dec
Nov
4%
18% Mar
Dec
75%
3
3
30% Jan
*
'
Jan
4% Mar
Jan
36% May
147 \
Dec
Climax Molybdenum--—
Clinton Industries Inc.,
15%. Jan 19
25% Jan
10%
Dec
Feb
27%
137
12% Jan
35%
*
1
5% Jan
75
92 % May
' 2
102%
23%
*23%
24
48%
48'/*
49 Va
48%
49'/*
48%
49
29%
28%
28'/*
28%
7%
7%
preferred:
82% Jan 28
Mar 29
4%
cum
Jan
2nd
134%
18
27%
8'/a
*81V*
*17%
27%
83
*72
Ml
r7/a
*110%
23%
111
*110%
23V*
24
23%
23%
108
*70%
71%
*40%
42
180
77
70
*106
Dec
1332
July
31
Dec
63%
x87Vi
1332
*
130% Feb
3
152
Jun
60% Jan
6
63
Jan
5
1075
29% Feb
25
45%
Jan
96
Sep
1075
July
Apr
89
Jan
.
Jan
Coca-Cola Co
12
Jan
Class
2
$3.50
17% Jan
7
Collins &
19% Feb
2
12%
Feb
22%
Oct
15% Jan
4
19
Jan
24
16
Feb
22%
Oct
17% Mar
2
19% Jan
24
Dec
18%
Jun
9%
Corp
Mar 22
8% Mar 22
12
Jan
5%
&
9%
"69
70%
41%
*39%
41%
90
14%
14%
14
14%
14%
14'/*
4,000
v
29 V*
29 Vi
29 V*
29%
29
29'/*
1,400
5 V*
1,100
24%
1.400
>1050
Feb
14%
Jun
10% Jan
4
7%
Sep
13% May
7% Feb
10
49
Dec
28%
'
78 %
Dec
35%
y
Feb
48% Mar
Jun
29% Feb
37% Apr
2,
26
Jun
35% Jan
3
28% Jun
21% Feb
11.
43%
135%
63
63
>1050
•;
*1050
32%
33%
32%
135%
Apr. 6
$ per share
136%
63
—
136%
63
*1050
63
Thursday
'
Friday
Apr. 7
Apr. 8
$ per share
135
$ per
*135
135'/*
63
63
*62%
>1050
>1050
32 Va
32%
32%
32%
32%
Sales
for
the Week
share
Shares
135%
1,200
63
210
__
32%
32%
6,200
91%
91%
91
91%
640
14
14
14
14'/a
14%
3,700
16%
15%
16
*15%
Iron Corp com,,No par
17%
18'%
18
18 V*
17%
J8%
17%.
17%
17%
17%
16%
17%
19,500
preferred
18
19
18%
18%
18%
18 %
18%
18%
18
18
17%
17%
3,400
10
10%
20
Ry com—100
*10%
Columbia
Gas
Columbia
Pictures
System
Inc
11%
No par
common—No par
9%
*53%
32% Jan
13
preferred w w—No par
Columbian Carbon Co_,,——No par
41% Feb
3
Columbus & Southern Ohio Elec—10
Engineering
Superheater
..
31%
40%
10%
9%
11%
*10'/a
*9%
10%
18%
,18%
19%
19%
18%
18%
18%
18%
19%
*18%
11%
11%
9 %
9%
*54
31 Va
31
40%
40'/a
*
11%
H%
9%
56
Va
*9%
*10%
10%
56
>91%
'
10%
10%
18%
cum
10
10%
10
*18%,
2.50
9%
V
«'■
11 Va
10
preferred—100
Broad Sys Inc cl A—2.50
6
25% Mar 10
Wednesday
91%
B
Combustion
18% Feb
137
62%
33
$ per share
16%,
8
$4.25
137
:
Apr. 6
$ per share
63
—
Tuesday
Apr. 4
14
9% Apr
Mar 29
300
91%
11% Mar
53
76
163/8
2nd
10%
Monday
137'/a
33
1st' preferred_,x_100
Class
*74
14%
non-cum
Columbia
75
140
92
non-cum
10
75
.
24%
*138%
13 Va
4%
10
76
5%
5'%
24%
140
; i63a
4%
23% Jan
*75
-5'/a
24%
*138%
16%
8
24% Jan
75
24%
140
14%
10
Mar 21
5%
24%
92%
11% Jan
18
*5%
*138%
i
14%
13% Jan
17% Mar 26
V
'
92
10
32'A May
,
200
*'16%
Mar 18
31% May
-x-X-X
70
16%
9
Dec
108
14'%
10
Nov
*106
91 V«
18% July
20
106%
16%
17% July
20%
*106
14%
Colorado & Southern
7
900
106%
91%
Dec
Feb
240
23%
*39 Va
25
'
110%
.23%
*69
140
75
110%
23 3/*
40%
C-5 CO
75%
110%
*23%
5
/_
Nov
11
5%
25,300
110%
.
68%
25
*
21,100
No par
Aikman
conv
5%'
'
~io
77
39'/*
——
x—^-No par
preferred
Colo Fuel
*75
$ per share
No par
Colonial Mills Inc
15
X13% Feb
5%
25
140
180
*
39
LOW AND HIGH SALE PRICES
1-37%
93% Feb
26% May
29 V*
*72
68 Va
1.4'%
*29%
Va
Apr. ;i
*62%
8
Feb
'14%
*138%
76
No par
Internat
24
/
Saturday
m
x—•
17';
Nov
*74
(The) common_Nopar
—
5Va
25
140
'•,
Colgate-Palmolive-Peet com—No par
34% Mar 24
10
25% May
A
Coca-Cola
5
15
-
STOCK
Par
Feb'11
5 Va
*24%
14%
*150
39'/a
1,700
40%
-v
41
29'/*
"J
$ per share
Jan
183
;
14%
90
18
:
70%
>
1,700
28
77
383/*
600
8'/a
27%
180
*72
6,700
83
*17'/*
18'/a
28
—w
108
'*40%
'
38%
,
*106
71%
*29
140
1,100
1
283/*
•
*81'/*
,
28
111%
23'/*
110%
IS
111%
*106
102 3/*
*7%
83
*150
*150
77
38%
*28
8
*17%
18
27%
27%
38%
*150
42
5%
8
*81%
*
180
*138%
100
EXCHANGE
Highest
\
Sper share
Sper share
Dec
60 y*
Lowest
Highest
S per share
preferred
NEW YORK
Range Since Jan. 1
Year 1948
>
100
STOCKS
Range for Previous
Lowest
>
1
No par
i
...
28
29
7Vi
7%
73
*17%
,
*28%
28%
7%
73
V
49
,.49
77.
14%
13,600
27%
102'/*
23%
38%
29'/*
28
28'/a
101%
28%
38%
%
.
22,800
24%-
85
38
180
,
52'/a
101'/a
28
80
•29%
36
51%
101%
180
*14%
1-
-
12
146
8
(
*33
52
*23 V*
*40%
No par
Clepay Corp.■
Cluett Peabody & Co com
12
30% Feb
24% Mar 18
138% Jan
July
20
36
23%
■
23%
50%
28 Va
18%
23%
5,900
.49
101%
*77
111 %
400
3%
3%
50
51%
52%
*150
108
<■
14 Va
14%
3 3/4
1,500
12%
*33
36
51%,
14%
*3%
67
50
50%
*33
52%
14%
3%
5,100
23%
*70%
1
*12
200
323%
28 %
27'/*
18
23%
gtd—50
stock
13
800
53%
Va
*100%
*17%
38 V*
*106
x—100
—
67
80
*111
-•
—1
com
67
31
'
*26 V*
■
27%
38%
No par
—
7%
-
*66
180
*77
;
29%
;
7%
67
*51%
-
24
47%
.
(85
20
preferred
;
53%
31%
50
36
51%
28%
101 Va
24
48%
*82
,——5
-
28%
•31
3%
50%
*33
'
*51%
14%
14%
3%
53%
31%
*12
13
50%
%
66%
66%
14%
y
.
52% V-
101
24
28%
-
—100
Illuminating com—No par
Graph Bronze Co
'.>
,
31%
,32
*12
36
51%
28%
47%
'■
No par
preferred
15
*33
101%
*23%
x_No par
x
$4.50 preferred—
3
10
11
13
*14%
V
V*
Feb
78% May
'
*12
:•
52%
~*101
4
Jan
1
*51
Louis Ry Co com
non-cum
Cleve Elec
3
Mar
C C & St
5%
9
Y% Jan
I T Financial Corp——
City Stores „x___;———
Clark Equipment Co_"__,j
—
5
36% Mar 21
3.50
com
2,400
29
51
52 V8
2.50
City Investing Co common.:.
5%% preferred
:
5
4
Apr
Elec
City Ice & Fuel
6
83
26
34%
Nov
39
27
8% Apr
4
108%
*
29%- Jan
3
25
,
77
Jun
llT%
;
Nov ■v
C
Feb
>
105
3
24% Mar 17,
49% Apr
6
25% Mar
43Dec
'
Jan
(-16% Jan
May
% Aug
176
July
38
176
11
Jan
80
Apr
21
27% Mar
Feb
'6% Feb
vJan
84%
11'
97% Jan v4
X20
5,700
34%
29
28'/a
35
Jun
May
14%
34
14'%
34%
*33
27
29%
/ 13%
13%
28'/a
4
Nov
7,900
34
5i
Nov/
26'/a
29%
4
19%
26%
14'%
*50
90
26 V*
34%
4
—
25%
13%
51
x——25
-
26 V*
34%
4
Chile
25%
*28%
:%o
Chrysler
20,800
14%
>
7
900
7%
28%
>
8
4%
7%
34%
1
Jail
4%
7%
14%
15
Jan
4%
7'/a
34%
13
58
*4 Va
7 V*
28%
*14%
2,600
4%
34%
*12
3,400
3,000
8'/a
29
No par
12,000
17%
X'
7
25%
66 Va
,10
'
8%
28%
14%
3,100
11
9%
V 17
8
34
66%
36
8
*14'
65%
3
8
14 %
V
100
1,500
11%
10%
29
65%
15
110%
9%
34%
.
9,500
5
16%
*28%
13%
800
82
tei'/a
-11
9%
16%
;
*34
*65
27% Jan
101% May
26
_100
Jan
,
*4
7
51
32% Feb
•
4%
6%
*'■
9%
17
8
31%
51
Co—,
8%
32
Jun
10%
9 Va
16%
,
4%
'
52
Jun
11
9 Va
1-7-
7%
8%
31%
65%
Corp.
8%
52
42
Copper
8%
31%
Feb
10%
Xl0%
52%
Nov
10%
11%
9%
16%.
*50
Feb
10%
10%
9%
17%
,31%
50%
1,600
32 Va
-to
I
4%
11%
9%
17
25 Va
—10
40
7
20%
20%
81%
4%
10%
9%
26 V*
23%
32'%
81%
10%
25 V*
par
94
7
5%
10%
25%
,
32
7
*4%
10%
4%
-
32 Va
83
32%
*81%
5
10%
—100
x
20%
32%
6%
preferred—
7
*20
83%
5
6%
•.
7 Va
20 Va
32%
4%
preference—No par
_
7 Va
11
16%
8%
par
213%
*92%
20-Va
10%
9%
Chic Rock Is & Pac RR Co__No par
Chickasha Cotton Oil
21%
94
7%
11
16%
-100
preferred series A
Chicago Yellow Cab
*92'/a
*81%
5%
6%
Conv
21%
93
■
*5
4%
s.;
22
92 Va
20 V*
6%
Chicago Pneumat Tool com„No
*21%
94
7%
100
x
22
20
*4%
vtc
preferred—.
5
<
10%
A__25
P vtc
preferred
A
7
No par
No par
Chicago & Northwest com—No
8
Jan
&
B
Chic Milw St
8
26
Class
7
33%
Chic Ind
*8
'
11
-
7
30
40
Chicago Corp (The)
_x
:
1
Chicago Great West Ry Co comx_50
5% preferred50
7
9%
A
x
„•
8
Jun
13% July
4% Mar
Class
8
11% Mar 30
5
700
10 3%
;
f
8%
12%
30 v
*10%
19%
25 V*
25'A Mar
:
10%
19 V*
*8
8%
19%
83
22
*92%
loo
24%
11%
(
160
82
237/a
*8
8%
1?%
*81
*80
83
25
26
22
94
108
*108
800
*24%
J
.
i
.
,
700
4,700
*81:
19%
12%
109 V*
.«•
82
24 %
12
8%
19%
17%
16 Va
82
10%
*8
5,500
4%
108
12%
11%
No par
Products
*8
20
20%
10%
*
120
20 Va
16%
.
100
127
127
20%
10%
25
128
,
20%
16%
84
*24%
*126
>
-*4%
108%
84
10%
9.50
16%
11
25
12%
com_5
Century Ribbon Mills—*—No par
Cerro de Pasco Copper Corp
*—5
11
o
7%
*107
60
137
•1
127
-21%
21%
17%
Central
21
17%
109
*135
101%
>126%
7%
.
138
5,700
17%
35
*135
12,200
7%
Central
8% Mar 29
21% Jan
138
57%
17%
*82
1,300
26%
?7%
*108%
33%
56%
17%
Light 4%%- pfdx——100
33%
25 Va
x.100
Central NY Pr,Corp 3 40% pfd..xl00
tCehtral RR of New (Jersey
i._100
12% Mar 30,
26
18%
19,
20
33 %
26%
Hudson G & E Corp—No par
series B vtc
33%
57
4%
preferred
.'
34
26%
4%
x
1,100
56 Va
10%
Co
Ry Co vtc
6%
27%
*16Va
Ga
6%
57%
4%
of
loo
6%
26%
10%
Central
1,500
34
•6%
56%
*100%
18
13%
13%
*33
;
6%
27%
101%
*17%
400
31
58%
*100
22%
13%
' 33
33
8,800
26%
*125% 126 Va
21%-. 22 V*
',
2,600
*30 Va
32
13%
13%
•
*136
,
140
28'/a
*30%
34Va
,
,6 Va '•
34
137
104%
28%
58
126%
,22%
■
104'%
2828
27%
16%
5%
Jan
136v
.*>
7%
104
58 Va
_
27 Va
101%
*125%
*33
33%
4%
Central- 111
35% Jan
*.136'
57%
V-
33%
34
31
13%
;■
6%
10%
Central
84
136
27%
13%
7%
28 V*
28%
31
v
34%
*6%
*16%
5
3,
24
33%
57%
13%
*33
6%
5
7
Mar
13%
34%
6%
.1
8
110
32%
*33
136
20
Sugar Co—
*31
No par
7
3
11% Jan
Aguirre
Central Foundry
Jan
7% Apr
4
104% Jan
Jan
7%
Central
31
8
*103%
104
28
28%
13%
.
27 Va
par
preferred————JL.
x28%
7%
8%
*103
1D4
104
28%
30%
:
,
34
*101..
—1—1.100
104
'7%
7%
28'/»
;
57%
»-
—No par
preferred^
Corp. commop_.r—_No
24% Jan
16% Mar 10,
Oct
74
6
"/o
No par
1st preferred
2nd
.
"
Dec
100 Va
21
Jan
5
11% Mar 14
,
7%
Celotex
•
11
17
3
Dec
$4.75
..
7v
18% Jail
Mar 16
Feb
5%
7
26% Jan
16% Mar 15
6%
Mar
131% Jan ...6-
i
48% Mar'. 5
20%
Dec
105
-_100
—
7%
7%
103 V*
25
Mar 11.
100% Jan
• 104
*i#3;
6%
Jan
July
54
14
25
Shares
13%
*52
34%
52% Feb
105
*12%
54
6%
68% May
Feb
13%
*52
*33%
39%
97
*12%
54
*13%
Feb
Mar 12
13 Va
*52
10
Feb
140
*12%
54
„1
Nov
131
13%
*52
x-50
22
Jun
*12%
31%
130
147% July
13%
*30%
x50
V
-
the Week
share
54
7%,
28%
?.
$ per
for
Sales
Apr. K
$ per share
*52
—5
—
Friday
Apr. 7
S per share
*12%
7%
*28%
Corp—
•
13 Va
par
Corp commop—_
Conv preferred 4%v series-
'
$ per share
54
7%
—100
—.No
Thursday
Apr. 6
Apr. 5
$ per share
i
PRICES
Wednesday
Tuesday
1
Apr. 4
612%
1
Carrier
Carriers
(1571)
*52
x—10
_
Carpenter Steel Co„—x—.
2
Monday
| per share
Par
v..» #■ \
Carolina
17
37% Jan
14
'
■!'
Carolina
33 % Mar 28
7% Jafi
•:
.
___
s
Saturday
-
Apr. Z
$3 prel erred A—,—;
Capital Airlines Inc.'.
29
4
4?•,
Capital Admin
1
Api-
29% Mar 29
24
32% Feb
A
17
Feb
108
17
12% Jan
43
V'
Jan
8 %
29%'Mar 23
Jan
19% May
'
4
23,
100 % Mar 24
\41%
'
35 Ya
53
Mar
5%,Feb
Ju}y
Nov *
f,
6% Mar
CHRONICLE
LOW AND HIGH SALK
STOCK %
EXCHANGE
\
i$ per share
15
50
Nov
32"
'
/
12% Mar 23
) 8% Mar
Dec '
261/*
'30
!
NEW YORK
Highest
,S per share.
May
1
«»3%" Sep
100 Va Feb
Lowest
4 per share
""Feb
11
Range Since Jan. 1
Highest
$ per share
FINANCIAL
STOCKS
Year 1948
Lowest
&
9%
*55
11%
9%
11
*9%Z
10 *
19
19'/a
19%
*18%
11 Va
11%
'
*9%
10%
10'/a
9%
10
430
10
10
180
*9%
10
18 Va
18 Va
18%
18%
*18%
18 Va
18%
19
9
11%
#
11%
11%
9 3/8
9%
9'/a
56'/a
*54'/a
31%
3,1%
313/8
31
31%
>•
900
9%
10 %
*54%
9%
57
16
9%
9%
57
*54
60
2,600
300
11%
30,900
9%
4,700
57
5
31%
31%
40 3%
40%
41
40%
40 Va
40 3/*
41
41
41
2,300
25%
25%
.25%
25
25%
24%
24%
23%
24
2,100
■497/8
2,500
30.%
31%
2,200
'
.
Inc
*25
No par
*25
25 Va
e*
36%
Jan
90
,
Jan
xl6
Nov
2%
53% July
104
3%
Feb
25
Jan
12
100% Jan
31
16% Feb
Oct
15
17% Jan
7
3
Jan
3
89% Jan
29% May
25% Jan
Dec
■11% May
7% Feb
11
27%
Dec
36% July
Feb
25
30
Dec
32 "
25% Feb
11
4
Sep
21-
103%
Mar
Feb
11% Mar
106
,
..
x28
May
6% May
3% Mar
25% July
108%
xl8%
Dec
Dec
12% Jun
Dec
51 ~
19
Dec
29
10%
Dec
8%
Dec
Nov
16% Mar
7%
9
2>%Feb 25
xl06
Jun
8%
37%
3
3.
Jan
Apr
6,
Feb
10,
8
Feb
23
41
Feb
5
12
27% Jan
8
Feb
14% Jan
8
9% Jan
13
7
15% May
10% Jan
3
"12% Mar
15% July
x7% Mar 24
8
7
37% Jan
22
95
Jan
7
13 % Jan
3
97% Apr
15% Jan
5
10% Mar
99% May
17% July
92%
85
Jan
5
91 Ye Mar 12
29 Ye
Nov
40
May
31'% Jan
3
,36% Mar o0;
Oct
99
July
97% Jan
11
Nov
13% May
92
8%
48% Mar
Por
64%
footnotes
Oct
see
page
—
Mar
8
21
99% Mar 21
8
9% Jan
7
56% Feb 24
63 Va Jan
19
8% Mar
24.
99%
99 Va
1,700
26'/*
26
26%
14.500
77/a
8
28%
28%
28%
*263/8
26%
26%
26%
*26%
3%
*8%
*42
*11%
-
15%
3%
33/4
23
22%
*107
"12%
,
Continental Can Inc common
$3.75
preferred
Continental Insurance
20
^No par
12%
3%
23
106%
12%
3%
500
3%
23%
23
106%
100 %
12%
*12%
3%
5,300
23%
11,400
106%
1,000
12%
300
8%
9
44%
44
44%
43%
43%
4,100
15%
16
16Va
16%
16 '%■'
15%
16
15%
15%
15%
16%
3,300
11%
11%
11%
*11%
11%
11%
*11%
33 7a
11%
7%
12
-
97 Va
Continental Diamond Fibre
12%
3%
23 Va
106
1,200
8%
35%
No par
12%
3%
23
xl06
29%
26'/a
43%
*35%
—
3%
23
107%
900
29%
>26%
■
9%
105%
$5.50 preferred
26%
43%
*107%
Continental Baking Co com—No par
29
26%
42
105%
!
29
27
9
107%
*97
29%
*26%
43
33%
1,-100
12%
*28%
26 Va
8Va
105%
(
12%
107
29
8
42%
>107%
preferred
3%
;22%
7%
9
$4.50 preferred—1No par
$4.52 preferred——
No par
Container Corp of America com—20
4%
3%
23 Va
107 Va
8
43
Consumers Power Co com——No par
Mar 10
84% Mar
-
99'/*
26
7%
Feb
Sep
99
26 V*
7Va
11%
33
Oct
9.9
26 Va
7%
7%
Jan
90
•
98%
26%
11%
.
59,100
98%
11%
35
220
5.600
3%
7%
*7%
108% Mar 25
,
26 %
10c
108
3%
98%
Consolidated Textile Co Inc.
3
3%
8%
Consolidated Vultee Aircraft—1
3
3%
17%
26 Va
7
14
3%
100'/a
17%
3%
99'/*
5
Feb
3%
3%
49%
100
*7%
9% Jan
30% Jan
17%
49%
100%
26'/a
12 % Apr
106% Jan
17%
49
"100
98%
Consolidated Retail Stores Inc_,__1
.
17%
50
8'/*
Consolidated Laundries Corp——5
Consolidated Natural Gas——
15
Consol RR of Cuba 6% pfd
100
5
100%
17%
50
263'g
12%
46% Mar
100%
17%
98 Va
*123/«
$5
99%
17%
.
50
99%'
26%
106%
42%
Dec
;
49%
29
..
22 Vs
105
33%
3%
106%
Dec
Sep
3%
preferred
L
No par
Consolidated Grocers-Corp,—1.33%
35% Jun
106% May
Dec
3%
Consol Edison of N Y com—No par
,
10
106%
29%
98% July
100
17%
8%
7-25
Consofidated
49%
100%
17%
98%
-
Conde Nast Publishing Inc—No par
Congoleum-Nairn Inc—
Nppar
1
49%
*99'/*
17%
21
4% Jan
21% Jan
7
No par
t
'
49'/a
100 "a
23% Mar 20
107% Feb
23,
8% Feb
.'
17 Va
3%
>
No par
Cigar———No par
Consolidated Coppermine? Corp
5
11% Feb
V* Sep
*48%
*99%
10
100
_*
Solvents
$6 preferred series
Commonwealth Edison Co
7
9% Jan
preferred
Commonw'lth & South com—No par
26% Mar 14
Dec
3.60%
Commercial
100% Mar 18
Apr
Nov
x24%
,
,
3% Mar 16
8%
90
25
,,
.
Commercial Credit common
Mar 17
52
46% Feb
95
July,
29% May
>8%
9
8%
9
700
*11%
7%
*11%,
7%
11%
7%
7%
*7%
7%
7%
7%
3,600
11%
12%
ll3/*
12 Va
11%
11%
11%
11%
57,900
33%
33%
33%
33%
33 V*
106
105 V*
105 V*
105 Va
105 V*
105'/a
105%
105
105%
107%
107%
107%
107%
107%
107%
107%
107
107
35
35%
34%
35%
*34%
35
34%
34%
35 Va
35%
96%
97
97%
97%
*96%
97%
*96%
97%
*96%
97%
300
33%
33%
35
35
35
2.800
800
110
"
1,400
100
13%
13%
13%
13%
13%
13%
13%
13%
14
14
-14
90%
90'/a
90
90
90 V2
90%
90%
90%
*90
91
90
90%
660
35%
35%
35%
35%
34%
34%
34%
4.300
98%
98%
98%
*98'/*
8%
62%
8%
8%
8%
62%
02%
35%
*98
35%
98%
,__5
*8%
8:%
10
*61%
62%
35%
*98
8%
62
35%
98%
8%
62%
*98
8%
62
62
35%
99
-
14
2,200
98%
98%
8%
*8%
8%
500
62%
61%
61%
2.300
200
15
{1512)
16
THE COMMERCIAL & FINANCIAL CHRONICLE
-
-
STOCK
Monday
Apr. 2
Apr. 4
'
I per
share
S per
f per share
t per fhare
EXCHANGE
share
14
6% Feb
14
8% Jan
7
69% Jun
47% Feb
11
56% Jan
18
Continental
Oil
3
Continental
Steel
19"%
Apr
13% Feb
7
33
Mar
15% Jan
Jun
24% Feb
14
29% Jan
24
Mar 18
55% Jan
10
8
12% Feb
17
19% Jan
6
July
55
x4fl% Mar
53.
10% Apr
Feb
21%
Oct
14 % Apr
8
42% Mar
9% Nov
50%
Nov
49% Jan
-4
15%
Jun
13
8% Mar 22
49% Mar
Feb
18
Nov
23%
88
Nov
97% July
86
56%
66% Mar
Dec
177
Oct
3%
Deo
8%
"
Dec
Mar
17% Nov
7
Crane
99
3
10% Mar 30
Creameries
7
25% Apr
4
Cream of Wheat Corp
26 % May
15% Feb
24
19% Jan
7
Crown
3
24
91%
Feb
103% July
95
Dec
129
20%
Dec
7
94
Feb
15
96
Jan
4
20
Jan
3
24
Jan
7
65% Dec
78%
Jun
66
Jan
6
34
Jan
23
Feb
24
12% Feb 24
17% Aug
7% Feb
7
67% Jan
17
4
Dec
13% May
Dec
88
11%
Dec
17% May
12
V Jan
15%
Dec
24%
16
Feb
28
4% Feb
24
Jan
July
13 %
122%
Feb
150
Aug
47%
Dec
61
45
"93/4
10
25%
25%
11%
173/4
17%
18
"42%
100
100
pfd
Jan
19
$7
50
Jan
19
Prior
3
Feb
8
Sep
21
July
x31% May
133
9% Apr
4
24% Jan
7
Jan
21
4
26% Jan
7
8
15% Mar 18
Mar 14
22% Feb
12% Apr '
137
Class
Cutler-Hammer
17"%
Jan
13
16% Apr
7
28% July
xl6% Mar
8
20% Jan
7
26% Jan
3
30% Feb
3
Mar 14
14
Jan
24
1
100
Mar 29
96
Chemical Corp (The)
Dayton Pwr & Light common
3.75%
series A
100
Preferred 3.75%
series B
94
Jun
92
Jan
4
84
Sep
94
Jun
92% Jan
11
Nov
15%
Jan
9% Feb
23
10% Jan
8
Dayton Rubber Co
Sep
13%
Jan
6% Feb
2
9% Jan
7
Decca
8%
8%
27
Dec
42
Jun
25
Feb
18
31%
Dec
46 %
Jan
32
Jan
4
29%
Feb
38% Jan
7%
Feb
Mar 29
29.
Jan
20
12
,36% Mar 30
Records
Co
&
7%
31
Jan
24
50%
Jun
32% Mar 22
40% Jan
21
Delaware
13 %
July
7% Mar 16
9% Jan
7
Delaware
34
13%
13
16%
*29
13%
*91%
12%
*15%
*17%
29
94
29 %
17%
94
94
*94
17%
4,100
200
700
100
423/4
423/4
"122
124
26
26
26
13%
13%
178
"160
8%
8
73
"120%
122
122
8
5,300
700
18
17 %
6%
6%
7,000
124
"120%
124
*
.
73
12
"
*
230
1,200
178
-
12
r
6%
500
13%
"69
18
6%
1,300
69%
26
8
8%
74
"17%
213/4
*
13%
"160
210
95
'
"25%
178
3,100
96%
69
12
6 3/4
6%
-
21%
21%
12 *.
18
"17%
95
,70
"68%
12%
12%
6%
-96%
13%
"69
124
,
69%
8%
8%
18
6%
21%
"160
73
6%
"94%
70%
13%
12%
v
"941/8
95
'
25
24%
22
13%
"17%
18
10
45%
45%
"45%
46%
453/4
453/4
45%
45%
400
9%
45%
9%
9%
9%
9%
9%
9%
9%
9%
45,000
22%
1,500
"133
*
23%
13%
14
94
23
"133
136%
23%
23
23%
"133
22%
93
"91%
"12%
13
"15%
16%r;
29
6%
•
13%
16%
"17%
29%
22%
136%
"133
17%
173/8
28%
20
223/4
12%
2,000
13
"22%
2,600
94
"93
10
12%
123/8
300
-16%
"153/4
16%
300
13
17%
"171/4
29%
28%
95
94
200
29
"94
17%
29%
"17%
:%
93
"12%
16%
16%
23
13
93
13
23
136%
93
13%
13%
13%
"91 %
"12%
12%
16%
17%
22%
23
23%
136%
23%
23%
6%
*933/4
570
1,200
4,200
423/4
70%
26
"12%
29%
94
95%
10%
94
,
30
100
3.800
28
283/4
"100
101%
"93/4
9%
"243/4 25%
xl7%
22
26%
"69 %
10 %
96
2,500
94
28%
17%
,2,500
40
"94
95
"94
95
"94%
95
"94%
95
"94%
95
94%
94%
20
xlO
10
93/4
93/4
900
10%
10%
10%
10%
6%
6%
6 3/4
6%
•
10%
10%
"6%
6%
1
25%
25%
25%
26
25%
253/4
253/4
1,300
No par
common
343/,
35
34%
35
34%
34%
34
34%
34%
34%
343/g
343/a
3,700
313/4
31%
32%
32%
32%
"31%
323/a
1,000
25%
25%
25%
26
6%
6 3/4
25%
31%
31%
31%
31%
*35
36%
*35%
36%
"35%
36%
35%
35%
"35%
36%
8%
8%
8%
8%
8%
8%
8%
8%
8%
23%
24%
23%
24
23%
24%
24
24%
24
40
40
21%
39a/4
21%
40
21%
41
41%
40%
41%
40
21%
21%
213/4
.21%
21%
50
8%
100
100
Western
&
'
*31%
20
__100
& Hudson
Lack
8%
8%
72
24
13%
96%
220
1,300
25
96%
"94%
95
22%
178
"160
'12%
135
'
13%
i33/4
178
24
24
24%
"96
'71
"26
23
"42%
97
260
1,500
50c
preferred
34% May
9%
27.
135
42%
4,900
2%
2Va
17%
25%
10
1,400
50c
Inc
Deep Rock Oil Corp
Deere
21%
71%
22%
*12%
*15%
*17%
'
457/8
9%
"94%
"70
136%
"91%
100
Preferred
82% Nov
95% Jan
93/8
*22%
2.50
20
1
7
*122
46
24
Davison
31% Aug
93
23
6%
124
"45%
*133
Dana Corp new common
Dec
4
Feb
*120
No par
Inc
Feb
Jan
12
15
*17%
1
Feb
87
Jan
Jan
18
6%
6%
1
14%
Jun
20%
8%
"17%
/
100
pfd
18%
94'/a
Dec
"160
"69
common
24%
Oct
13%
133/i
173
8%
"12%
A
Cushman's Sons Inc 1%
3%% pfd series A
Davega Stores Corp common
5% conv preferred
85
133/4
83/8
No par
No par
preferred
Curtiss-Wright
26%
12%
Inc
preferred
129
*13%
"70
73
Cunningham Drug Stores Inc—2.50
Curtis Publishing com
No par
7
^
"69
Cuneo
7
*
27
17%
800
2,000
'
22%
"12
1
Jan
71
"26
*160
25%
5
27
7% Jan
"70
17%
25%
42%
25%
96% .* 96%
100
Jan
13% Feb
18
*
U00
10
"42%
22%
22%
<
common__10
preferred
Cudahy Pacxing Co common
4%%
preferred
*
95
423/4
96%
95
29%
100%
9%
17%
25%
28%
"100
10,000
51
"9%
9%
*52 s. 523/4
21
21%
"98% 99
"97% 99
63%
633/4
173
173
"33/4
4
50
25'%
18%
25%
50
" 9%
9%
52%
523/4
"21% 22
"98%
99
"97% 99
63%
63%
"173
173%
4
4
2%
2%
"9%
17%
"42%
14%
28%
54%
103/s
14%
"24%
25%
6,700
7
55%
14%
28%
"53
10%
14%
"493,4
52%
22%
99
99
63%
"24%
"95%
"94%
42%
25%
,97
6"%
54%
"42%
lo
10
*
7%
55%
14"%
28%
53
10%
143/4
29
29%
"100
100%
"9%
10
24%
25%
29%
100%
10
com
non-cum
Cuban-American Sugar
4
7% Jan
12% July
28%
137
29
"100
25%
preferred
Press
2%
29%
2.50
$4 2nd preferred
Mar 14
119% Mar
May
~8% Mar~29
73
4
100%
10
7%
July
7%
,
15% Jan 27
63%
173
29%
7
55
"14%
28%
53
10%
14%
"98%
"973/„
63 %
173% 173%
"3%
4
2%
2%
98
Shares
14%
29
54
10%
15%
49%
9%
for
the Week
Apr. 8
t per share
7%
55%
7%
54%
143/4
93/4
52 J
22
9%
52%
22
99
"99'%
$ per share
28%
"52%
103/8
15"
493/4
50
9%
52%
22
"97%
98
63
173
3%
2%
23%
"21a/4
Corp
'
143%
293/8
54
10%
15%
100%
Crucible Steel of Amer com__No par
6%
2%
50
71/4
55
23%
"25%
RR
173
4
2%
"£5%
*94%
Cuba
62%
14%
28%
"52%
10%
15%
"993/4
5
10
"91%
25%
com
preferred
conv
"
4
2%
No par
No par
Zellerbach
$4.20
72% Jan 24
30% Jan
173
4
98
No par
Seal
&
62%
52%
22
1
(The)
preferred—
$2
Crown
5%
Jun
<
67%
•21% Mar
Mar
Jun
25
Feb
8
98
Jun
28%
177
42% Mar 14
27% Jan
Cork
51%
22%
98
98%
62%
173
2
America
of
,"50
9%
7%
'54%
25
Feb
23
Dec
"10%
153/8
7%
55%
15
28%
54
11
15%
51
9%
52%
22%
98%
98%
623/4
173%
4%
2%
Sales
Friday
Thursday
Apr. 7
S per share
f per share
100
common
preferred
8% Jan
Jan
13
24%
Mar 17
Feb
Co
33/4%
14
Feb
Jan
Mar 10
100
Inc
Jan
94
4%
Cum
32% Jan
25
26% Feb 25
Jun
23
18%
22%
"973/4
"21%
common
preferred
pfd 3%% ser of 1947
Corn Products Refining com
1% preferred
3%%
'"52%
9%
•
5
100
100
25
100
I
1
Corning Glass Works
1% Feb
Feb
Jun
"9
•
28%
513/4
Coty International Corp
98%
55
Bank & Tr Co—20
Corn Exchange
Coty
36% Jan
133
51
8
Jun
Feb
25
63% Mar 29
"50
4
46 % Mar
7
Feb
99
25
54
11
15%
18
34%
Apr
23% Mar 24
99% Jan
"27%
"52%
"10%
15%
2% Jan
Dec
Feb
12
Cooper-Bessemer Corp common—5
$3 prior preferred
No par
Copper Range Co
No par
Copperweld Steel Co common
5
Convertible pref 5% series
50
Cornell Dubilier Electric Corp
l
143/4
28
4 % Apr
Dec
12%
54% Jan
55
15
178 V2 Feb
36%
155
7
71/4
55
"14%
Wednesday
Apr. fl
Tuesday
Apr. 5
'■*
S per share
73/a
7%
5
Corp
6
23%
Dec
15
1
14
Delaware
of
3% Mar 25
171% Jan
Jan
3%
Feb
x21
Jan
39%
1% Dec
29
92% Sep
Mar
5%
4
10
92% Jan
3
57
Jan
6
94
July
98
Oct
164%
Oct
3
20 % Jan
57% July
50
Feb
11% Jan
52
,
t per share
1
Continental Motors
10% Jun
Feb
16% Mar
,
Par
Feb
6
46%
STOCK
YORK
NEW
Range Since Jan. 1
Lowest
Highest
Highest
Lowest
LOW AND HIGH SALE PRICES
STOCKS
Year 1948
Monday, April 11, 1949
• ;
RECORD
Saturday
YORK
NEW
Range for Previous
■'
'3,100
"7
6%
36%
400
8%
8%
6,600
25
24%
26%
5,200
41%
41%
42%
21%
213/4, 21%
36
Denver & Rio Grande West RR
14%
Feb
20% Feb 24
27% Jan
7
37% Mar 23
39% July
50% Jan
24
Escrow
ctfs
for
Escrow
ctfs
for
com
pfd
32% Mar
58
20
Apr
21% May
20
Jan
3
23
Apr
2
56
Dec
60 %
Jan
55% Feb
11
58
Jan
10
Dec
13% May
7% Feb
19
9% Jan
7
Detroit-Michigan Stove Co
2
Detroit
8%
July
22% Mar
26% Oct
22% Apr ' 7
24% Mar
11
16%
11% Feb
13
Dec
Jan
19% Dec
28%
Jun
46
Jun
36
38
Feb
46% July
11
Dec
19% May
40% Apr
22
Jan
26
3
Mar
40
Jan
7
1
45% Feb
1
10% Mar 11
12% Apr
5
6% Feb
13
Mar 29
3
19% Jan
35% Mar
11
Mar
xl9% May
13%
Dec
20% Oct
9% Feb
25
Nov
41
Jun
25
7% Mar 12
Detroit Edison
20
Detroit Hillsdale & S W RR Co__100
Steel
Devoe &
6%
Match
partic
24
17
Jan
8
18
24% Feb
14
30
Dec
56
Apr
48% Feb
15
51% Mar 11
23
Jan
10% Jan
3
14% Mar 29
Dr.
29
Feb
40
Jun
28% Mar 23
33
11% Nov
19
Feb
12% Jan
67% Apr
48% Feb
17% Apr
6
63% Mar 31
Dome
Nov
32%
Feb
50%
Oct
46% Feb
50% Jan
Dow
97
Feb
106 %
Jun
103
90
Feb
106%
Oct
101% Feb
xl8% Nov
31%
Jun
3
105
Feb
98
July
81
Dec
20
May
11% Mar
12%
Dec
24
21
Mines
Mar 30
8
2
Dresser
1
33/4%
Dunhill
94
16 3/4
17%
613/4
61
47%
46 3/4
"101%
103%
"101
102%
*1013/4
105%
"104%
1053/s
105
223/s
22%
81
22%
."*
14%
Jun
97% Jan
3
101
27
Preferred
$3.50
series
No par
*13%
103/4
i03/4
' 189% 190
"121
121%
*100% 100%
*114% 115
103/4
10%
:
100
8
.
103/4
191
*121
100%
114%
*11
Range Since Jan. 1
Lowest
Highest
$ per share
NEW
Highest
$ per share
YORK
13%
13%
133%
I37/8
13%
133/4
13%
13%
4,400
11%
11%
11%
11%
11%
11%
11%
1,100
"27%
$ per share
Par
$ per
27%
49%
49%
49%
49%
49%
49%
90
13%
13%
13%
"12%
13%
*12%
13%
1,800
30%
30%
30%
303/4
30%
; 30%
30%
3,200
16%
45,100
"101
104%
22%
22%
"81
83 Va
"13%
13%
10%
10%
191%
121 %
100%
10%
,
10
*18%
19
1
15%
30
22%
105
*22%
16 3/4
104
1,900
4,500
102 3/4
104%
1,000
221/4
6,300
22%
81
"78%
83
*79
83
"12%
13%'
"13%
13%
*13%
133/4
"10%
10%
10%
10%
10%
103/4
2,100
192%
191
194
191%
195%
121 %
121%
xl21
100%
100 %
"99
100%
99%
114%
114%
11%
S per share
share
600
27%
49%
114%
114%
114%
114%
"120%
121
"11
"11
11%
LOW AND HIGH SALE
Apr. 2
28
*27%
27%
13
100
102%
191
1913/4
10,900
1213/s
120 %
120%
1,300
99%
100%
100
400
114%
114
114%
190
11%
*11
11%
600
PRICES
11
Monday
Apr. 4./
Saturday
STOCK
EXCHANGE
28
27%
49%
14%
STOCKS
Year 1948
7%-V 7%
11%
*1013/4 1033/8
105% 105%
22%
223/4
*81
83%
83%
*13%
99%
1st pfd
,
22%
*81 %
t.Nopar
t per share
r
*101 % 1033/8
*104% 105
1
DWG Cigar Corp
700
47
103 %
1,200
61
47
series
Lowest
1,500
613/4
$4.50
Duquesne Light 5%
7%
J 7%
Duplan Corp
No par
Du Pont de Nem (E I) & Co com__20
12
7%
47%
J!30%
10O
common
10
73/a
63%
133/B
No par
preferred
12% Jan
73/8
16%
*49
No par
50c
International
Kange for Previous
.
series A
115% Jan
1,500
47%
Preferred
9
113/4
61%
5
10% Mar
113/4
16%
21
113% Mar 14
11%
47%
121% Jan
Jan
200
11%
63%
195 % Apr
15%
42%
16%
4
Jun
373/8
*40 3/4
47%
28
116
*37 %
42%
63
Feb
111% Aug
10% Dec
12
37%
47%
Jan
Jan
"11%
37
17'
119
5
"40%
63%
179
Jan
42
20%
46%
Jun
13
37%
"40%
1,100
123/4
20
62%
18
May
188% July
3
"37%
42
22
"12%
11%
27%
49
13%
30%
11%
27%
50
13%
30%
124%
10% Mar
37
*21%
12%
20%
11%
27 %
49
13%,
30 %
16%
11%
27%
Jan
Mar
113%
37
22%
3,300
20
73/8
14
Feb
164
37
"12%
*7'/a
13%
7%
14
5
preferred
conv
20%
7%
No par
common
Industries
21 Va
"20%
23
7%
47
21
13
20%
17
13% Feb
"12%
20%
37
62%
22% Apr
86% Jan
13
20%
12 %
15%
2nd
"12%
11%
47
$3.25
"22%
13 %
:
11%
62%
21
22%
8
'
40%
7%
13%
Corp
$4 preferred
22%
22%
22%
22%
5,900
7%
8
'
11%
No par
15
11
x8
8%
:
*54
40%
No par
Jan
*
8
2,400
59
59
\\%
Ltd
Co
8%
"54
f59
40%
Douglas Aircraft
Chemical
"54
40%
___Nopar
Doehler-Jarvis
108% Jan
19% Jan
Jan
12
Jan
8%
59
*H3/8
No par
Pepper Co
47
v:.
8%
'
"40%
_50c
2
Dixie Cup Co common
Class A
Dec
"54
*
*12 %
/•
21
37%
1
30
i59
2
Co
Corp
46%
83
20%
Divco Corp
Jan
% /
13 %
*36%
Corp-Seagrams Ltd
Distill
23
v8
„
25
Car
Stores
6
2
23
12.50
preferred
Diana
15% Jan
13% Mar
^ /
No par
common
Diamond T Motor
8
*12%
5
Raynolds class A
Diamond
59
8
1
Corp
054
*54
1
Vilbiss Co
De
-
21%
11
Tuesday
Apr. 5
"
$ per share
Thursday
Apr. 7
Wednesday
Apr. 0
$ per share
$ per share
Sales
Friday
for
the Week
Apr. 8
$ per share
Shares
E
18
Dec
25% May
20% May
13%
Oct
13
Dec
12%
Dec
22%
38%
Feb
157
Sep
30% Dec
14
82
Dec
Mar
10%
Dec
92
Dec
5%
Jan
39% Nov
til
16% Feb
19% Nov
26
20% Mar 30
Eagle-PIcher
14% Feb
7
16% Mar 29
Eastern
12
Feb
21
Jan
9% Feb
11
46% May
42% Feb
7
175
Jun
164
Jan
5
Dec
28% Feb
15
19% May
92% Jun
14% Jan
4
33%
16%
88
Jan
8%
Jan
10% Feb
Jan
106
98
Jun
56
Jan
12
4
20
6% Jan 29
Jun
38
Apr
8
13% Jan
7
13% Jan
7
47% Mar 29
174
Feb
32% Jan
3
7
18
Jan
10
90
Jan
8
14
Apr
5
100% Mar 30
7% Apr
43
Jan
1
7
5
12%
12%
11%
Eastman Kodak
10
46%
46 %
46 %
100
*169%
6%
Manufacturing
4%%
Ekco
Electric Boat
32% Feb
1% Nov
37%
Jun
32% Mar 18
34% Jan
7
Convertible
139
Feb
166
123%
Feb
147
19% Jan
3
24
2 % Jan
Jan
153
Feb
15
167
Mar 31
Oct
135
Feb
15
151
Apr
43% Apr
12% Jan
6
51
Jan
6
12% Dec
17
Jan
19% Nov
27%
Jun
18% Feb
5
21% Jan
7
74%
Jun
49% Feb
8
57
Jan
6
42% Jan
14
47
Feb
28
X55
Dec
29
41%
Dec
49
Oct
55%
Feb
76
Jun
Feb
20% July
16% Dec
10% Feb
12% Feb
16"% Aug
14% Jan
6
12%
9% Mar
12%
Jan
29% Dec
97
Feb
4%
Jan
9%
Feb
Jan
13
4% Mar 12
5
Jan
7
14% Jan
21
61% Jan
24
68
Feb
68% Apr
Dec
•
Dec
3%
Dec
Empire District Electric
104
Dec
7% Mar
Emerson Radio
7
24
Sep
9%
Emerson
7
9
53% Feb 24
60
Jan
20% May
11%
7% Mar
.Tan
6% Mar
49% May
7% Mar
<»»*
n«8r#>
Apr
3% Feb
36
Jan
3% Mar
24
1
33% Mar 25
Electric
&
Endicott Johnson Corp
4% preferred
Equitable Office
Erie
5%
Erie
RR
6
3
10 % Jan
7
Eureka Williams Corp
Evans Products Co
5
8% Jan
7
Eversharp
3
43% Mar 29
5 %
Apr
6
Ex-Cell-0
Corp"
Exchange Buffet Corp
38%
383/4
*14%
15
14"%
14%
15
*
*33
333/4
333/4
1%
23%
23%
166
166%
149
149
433/4
433/4
13%
13%
*33
1%
23%
166
23%
*148
*433/8
13
'
166
149
44
13%
*33
1%
20%
20%
21
55%
48%
55%
55%
48%
*75%
76%
25
100
common
1
No par
100
&
Inc
383/4
55%
*45
4
5
preferred series A
Pittsburgh RR Co
31
102
7%
*20%-
10
Co
Bldg
Jan
7%
38%
*100
*
3
common
4% Jan
1%
38%
102
50
50
Mfg Co.
Phonograph
50
*113/4 -12%
*15%
15 %
*15%
153/4
32%
33
*101% 101%
"4%
4%
13%
13%
*56% 57%
*59 %
61%
5
8
*4%
43/4
*83/4
1
3
2.50
8%
*41%
*3%
9%
8%
423/4
4%
_
89
13%
14
*100
102
7%
7%
89
7%
10
Paso Natural Gas
25
4
15
preferred
preferred
15% Apr
16
4
5%
No par
12%
12%
1%
conv
16% Mar 31
30% Feb
60%
5%%
13% Jan
24
No par
30%
l83/4
15%
13%
38%
*100
,,
3
Electric Storage Battery
Elgin National Watch Co
Elliott CO common
19
100% Jan
11% Feb
*89
5
preferred
24
Jun
Nov
89%
12%
100
1
common
El
Jan
6%
*89
16
89%
13%
2.50
common
77% Mar 30
3
34
16% July
65% July
34%
Jan
104
59
-
66
10
13% Mar 24
30%
16
30%
Electric Power & Light com__No par
$7 preferred
No par
$6 preferred.^
No par
Jan
30%
*15%
303/8
*153/8
Elec & Mus Ind Amer shares
Oct
46 %
171
16
20
56%
11%
45%
*169
30%
12
48% Dec
171
171
11%
46%
171
*15%
100
Co
13%
l83/4
15%
*13%
1
common
4%% preferred.:
Elastic Stop Nut Co
Electric Auto-Lite (The)
21
13%
18%
15%
13%
12
2
Co
preferred
Products
15% Jan
Feb
common
Edison Bros Stores Inc
12% Feb 25
13%
Co
preferred
Eaton
Oct
25
18%
15%
13%
15%
10
16%
1% Feb
Inc
Eastern Corp common
Eastern Stainless Steel.Corp
Feb
2% May
23% July
Co
Airlines
*45
*75%
-
77%
*11%
15 %
12%
15 %
*15%
153/4
*32%
33%
*101% 101%
4%
4%
13%
13%
57%
57%
*59 Va
61%
*4%
4%
8%
8%
8%
8%
*41%
4%
42%
5%
18%
13%
18%
18%
15%
15%
15%
153/4
13%
13
11%
11%
"11
46
46%
13%
"170
171
171
15%
15%
102
...
11
1,300
11
45%
171
153/4
-100
2,900
14,900
13%
45%
30
12%
14
13%
18%
15%
11%
143/4
89%
89%
"89
"
18%
15%
*123/4
46 3/8
29%
30
29%
"100
45%
13
89%
13%
102
171
1,900
10,200
171
29%
15%
40
293/4
*141/2
89
12%
*100
7%
4,100
,
200
89
50
13
5,500
102
7%
"7%
7%
7%
73/8
383/s
383/4
38%
38%
38
38
3.300
15
14%
151/8
14%
15
14%
14%
2.000
33%
33%
333/4
"33%
34%
333/4
333/,
1%
1%
1%
"1%
1%
1%
1%
1,600
23%
24
167
167
150
150
433/8
43%
*12%
13%
20%
203/4
23%
231/2
23%
23%
23%
28,300
1%
55
*45
76%
55%
48%
76%
12
12
15
15 %
15%
15%
*32% 33 %
101
101%
4%
4%
13% 13%
57% 57%
*59% 61%
*4%
4%
8%
8%
, 8%
8%
*41% 42%
5
5%
'
24
"167
170
151
....
"167
170
167
167
150
151
150
*150
151
1,300
200
700
600
43%
43%
43%
43%
43%
43%
"12%
13%
"123/4
13%
*123/4
13%
300
1,600
20%
20%
"20%
20%
20%
20%
"543/4
55%
54%
54%
*54%
55%
"45
48%
"45
47
*45
47
"76%
77%
"76%
77
77
1,100
11%
12%
121/4
11 Va
11%
14%
15
14%
15
15%
15%
15%
15%
15%
331/8
*32%
33
33
"101
102
"32"%
"101
102
*14%
101
773/4
600
400
113/8
1,300
15
2,400
15%
1,800
33I/8
101
300
30
4%
4 3/4
"4%
43/4
*4%
4%
1,100
13%
13%
13%
13%
13%
13%
7,900
"561/2
571/4
56%
56%
"591/4
60
"56%
58
"59%
61
4%
"8%
,
4%
8%
8%
8%
41%
41%
5%
5%
4%
8%
7%
41
5%
4%
8%
8 »/8
41
51/2
"591/s
4%
81/2
7%.
*40%
*4%
400
61
4%
1,200
8%
900
73%
5,800
41%
400
2,500
Vclume 169
Number 4793
THE
COMMERCIAL
&
FINANCIAL
(1573)
CHRONICLE
'
Range for Previous
STOCKS
Year 194H
Lowest
Range Since Jan. 1
Highest
Sper share
Lowest
r
$ per share
S per share
NEW
-
;
Highest
v
YORK
-
STOCK
Saturday
EXCHANGE
$ per share
'
•
'
,
Par
Apr. 4
s per share
*
HIGH SALE PRICE*
Tuesday
■
Wednesday
Apr. 5
Apr; 6
LOW AND
-
Monday
Apr. 2
$ per share
S per share
$ per share
Thursday
Bales fsr
Friday
t
Apr. 8
Apr. 7
V
S per.
1
Sper share
thsWssk
share
Shares
■
F
37
Nov
xl9%
54%
33%
28%
Nov
5
Nov
11
Feb
j
35 y*
Feb
.
11%
Mar
20%
19%
53 %
,
Feb
42
Dec
103%
Dec
Farnsworth
11% Mar
9
14% Jan
35% Jan
3
38% Jan
26
17% Jan
26
Televis'n & Rad Corp
Fedders-Qulgan Corp
Federal Mining Si Smelting Co..
Federal-Mogul Corp
6% Jan
10
Federal Motor Truck-;
28% Jan
6
20
16% Mar 10
24% Feb
1
4% Mar 18
9
Dept Stores
preferred
Jun
95% Mar 23
993A Jan
Sep
17
203/4 Jan
5
Felt & Tarrant MXg
26%
Jun
14% Mar 25
17% Jan1
6
Ferro Enamel Corp
68% Apr
6
Mar 11
Oct
64% Jan
31
Jun
44% Feb
25
50% Mar 31
Jun
105% Jan
4
107% Mar 17
42%
53
Jan
15-
3
Apr
8
61% Feb
4
25% Mar 19
28
13'/a Jan
15% Mar 29
Jan
6
36
17%
17%
17%
17%
17 %
17'A
4%
4%
4%
4%
4%
25%
25%
25%
25%
25%
96 %
96%
*96%
97%
*96 %
18
*17%
18
*17%
68%
68 %
48
48
48%
*96%
,
*106%
107%
*106%
59 %
*50%
60
No par
*15%
27'A
Power
10 3/a Jan
11
Food
8
Food
823/4 Mar 25
90% Jan
18
95
26
92%
38 y2 May
19% Feb
11
26% Mar 17
25%
23
Feb
24
25% Feb
3
16% May
9
Feb
26
11% Jan
11
Francisco
10
8% Feb
25
9% Jan
11
20'A
203/8
2oy8
20%,
10%
10%
10 %
44% Mar 22
9%
Dec
8% Aug
35%
10
Jan
May
25%
25%
25%
25%
ID
14%
15
*14%
13
13
*12%
13
*12%
19%
19%
prior preferred—
20
10
10
23
23
23 %
23%
22%
83
83
83
10
10
1,700
23%
23
23
4,800
*82%
84%
*83
84%
92 %
92
92
92%
92%
24%
*24%
25
24'A
*24%
24%
24%
25
*24%
11%
*
10 %
10%
10%
10%
9 %
9%
9 %
9'/a
243/4
11
19
123/4 Mar 17
10
Froedtert Grain & Malting Co Inc_l
18% Feb
25
20% Jan
12
Fruehauf Trailer
68%
Dec
84
75
Feb
21
78% Feb
2
4%
6% Feb
10
7% Apr
4
Gabriel
Feb
21
7% Jan
10
4
17% Jan
6
*24%
11
9 Va
93/3
9%
10%
1,300
9%
9%
800
44%
*43%
44
44
12%
*12 %
12%
12%
12 %
12
12
20 %
19%
20%
20
20%
*75
76
75%
76
-7
7
19%
195%
19%
20
763/4
76%
76%
76
V *75
44
*43
43% ..;.43%
43 %
*12%
19%
50
.
10'/a
*
*76%
25
*24 Va
9%
9%
l23/8
1
1,900
10%
10
44
80
24%
24
"
44
44
*12%";
100
common
25
120
.-
.
93
*92%'
24%
24%
:83%
83%
-
92%
24%
93/3
5,900
10'/as 10 %
23
25
*24%
19%
19
10
92%
*10%
12%
*12%
23%
24%
1
Co
2,900
10
83
No par
preferred
600
15
T
23%
23%
83
_25
Sugar Co
26
14%
19%
19%
50
*25'A
12%
20
••
6,700
100%
*99
15
-
600
25%
25%
26%
100%
92%
11% Jan
Aug
25%
243/4
47%
11
15
92%
12% May
24% Jan
Feb
15
243/4
Feb
.
200
1,100
100 %
26%
100
1,900
60
923/4
Feb
x38
26%
100
1,300
48%
15%
15%
100%
08
59
10
common
17% Mar
Oct
15%
800
*
107
100
3%% preferred
Foster-Wheeler Corp
6%
15%
*15%
140
200
15%
59%
59%
*81
.
Freeport Sulphur Co
Mar
59%
4,100
*105
25%
10'A
Franklin Stores Corp
22
Jan
*59%
400
1,300
26
4 d%
49
107
*12%
*12%
100
82% Nov
900
4%
m
68%
48%
*105
106%
14%
12%
Corp__10
68
68%
49
49
25%
1
Chem
24%
15
14"%
pfd
conv
26
15
14%
Corp
Machinery &
25%
*12%
Fair Stores Inc
3%%
26%
10
8% Feb
3,600
17%
"
15%
15%
15%
16%
106%
27
26%
*100
100%
*100
100 %
68%
-v
60
*15%
15%
97
No par
Florsheiin Shoe class A
Follansbee
29% Jan
15%
27
*26
7% "
7
Steel
16
*15%
106%
59%
I
27'A
* 100
f
No par
Corp
17%
106%
107
53 %
(The) common—No par
preferred—
No par
9
24
48
—100
13% Mar
22% Mar 23
'68
48
No par
24% Jan
Mar 10
97%
68
14
90
25%
43
25
Dec
25 %
67 %
18% Feb
Dec
4%
25%
*67%
Florida
19,600
18
4%
25%
43/4
<
25
25
Florence Stove Co__:
'
97%
18
4%
25
*4%
,
4%
10
12% Jan
Jun
36
17%
Firestone Tire
Jan
105
36
17%
Fidelity Phen Fire Ins N. Y.__
Carpet Co
1,800
12%
36%
16
(The)
600
5,SOU
/
3o%
*16%
16
$4
12'/a
3 6'A
*36
*17%
preferred
12%
36%
17%
*96'/a
4% %
12%
36'/2
36 %
16
First National Stores
1%-
1%
1%
12%
36 %
17%
Rubber com
.
<■16%
97 %
Si
28%,
-
5
15%
Jan
Dec
12%
.
1%
1%
1%
1%.
12%
17%
40 y2
79
:
96%
21%
12% May
Jun
1%
12%
is'A
Dec
47%
1%
12%
1%
12
15%
Dec
Dec
1 %
12%
23%
28
2
5
:
12%
9% Mar
24%
28
37
Flintkote Co
100% Mar 17
26%
97%
7
7
7
24%
39%
23%
28%
*39%
24%
27%
27%
1 %
*39%
39%
39%
27%
39%
25
27%
<>14%
31% Jan
24% Feb
98% Jan
24 %
*17%
Firth
Jun
24%
27
*12
100
Co._
22%
27
1
5
-
*39%
24%
27
39%
1
3
May
3
4%%
173/4 Jan
36% May
15% Jun
Dec
com
39%
243/4
26%
,
1
No par
Federated
39 %
24%
1
'23%
40%
39%
2o
Oct
xl04
Dec
13
No par
Jun
59% July
20 % Aug
Nov
26
Co
Corp
43
69%
Feb
96
.7% Jan
&
Brewing
16
.
107%
49% Mar
28%
Mar 23
Falstaff
53
Nov
14%
1
Jun
Apr
24%
Dec
Dec
Fajardo Sugar Co
28% Apr
99 y2
Feb
90
Fairbanks Morse
25
15
31% May
Feb
17%
41% Jan
28
19
20% May
12% May
Dec
5
8
Feb
23% Feb
Oct
Apr
16
36% Feb
Jun
Nov
20
300
20
*75
.
300
„
11%
11%
419%
76
5,800
.
70
G
"
6%
Dec
6%
Dec
10% May
10% May
16%
Dec
20
Jan
Dec
12
Aug
3
9% Jan
10
Dec
37% Mar 19
41 % Jan
12
13
Feb
25
153/4 Jan
24
163/4 Feb
18
18% Apr
6
9
38%
6
16% Mar
9 * Jan
12%
Feb
48% Aug
17% July
16%
Nov
23%
5%
Dec
63/4 Feb
3
27%
Dec
May
27% Jan
3
32% Feb
4
16%
Dec
26 y2 May
18% Feb
8
23% Jan
7
11%
Feb
18% May
105% Jun
13% Jan
3
15% Jan
20
102% Mar 23
1063/4 Apr
-
99% Mar
42
Dec
100%
Jan
8%
Feb
146
Apr
9% Mar
9
Jun
9% May
45
5% Mar 28
53V2 May
106
May
11% July
Dec
159%
42
Feb
15
102% Mar 23
10>
5
46% Jan
106
8
Jan
11
Feb
7
10 3/4 Jan
24
Jan
6
1633/4 Jan
19
9% Feb
24
160
14% May
5%
8
Feb
11
Jun
69
Feb
28
44% July
27% Mar 25
31
Jan
18
Dec
24
17% Mar
20
Apr
1
Nov
139%, Apr
2
Jan
4
144
Jan
Jan
19
31% Mar
43
May
35% Feb
25
34
Mar
41
Jun
39% Jan
3
Nov
96
Jun
13%
Dec
53
Oct
40%
Feb
118%
Feb
128%
Jun
Feb
108
Jun
Gamewell
Co
Gar
Wood
4% %
year
Sper share
50% Mar
119
Oct
93%
v
133
Inc
7
20
4%
7
4 %
40
Jan
6
43% Mar 31
4
97% Feb
23
28
13% Jan
11
1233/4 Jan
97
52% Jan
4
107% Jan
13
1273/8 Mar
4
Apr
*16%
16%
9%
9%
9%
9%
39
3
13
conv
38%
15%
*15
15%
15
*18
18%
18%
25
62% Feb
2
5
1253% Jan
17
13
Feb
1%
Nov
Corp
*27%
20
19%
20
19%
19%
15
15%
15%
15%
15%
15 Va
15%
15
15
14%
14%
106%
106%
*106'A
107'A
*106 %
107'A
106%
106%
43
43 %
42%
104%
*101%
103/8
104:%
10% >
*101%
162%
*1013A
*162
*162
28%
10%
10%
11
162 %
*11'/a
11,
107 »A
*106'A
43%
104%
162
162
11%
*42%
*101%
43
104 %'
10%
162%
11%
ll3/a
113/8
10%
10%
5%
603
1,300
1,
*
•*106
1
43%
43%
5%
43%
42%
*102'A
10%
10%
10%
163
11%
5,100
.;
104%
10%
163
•.
42%
104 %
*42%',*101%
.3,400
163
11
11 %
190
11%
•
60
800
y
10%
*161 %
163
11%
6
100 % Jan
26
25
14 % Apr
4
$5
YORK
Motors
1,000
37%
37
37%
36%
37%
42%
42%
42%
42%
41%
42%
97
97
97%
97%
*96%;
No par
No par
121% Mar 16
4% Feb
10
Jun
23 '/a Jan
3
24%
Nov
31%
Jan
24
110%
Feb
132%
Oct
114% Feb
25
22%
Dec
29% May
223/4 Jan
21%
Dec
30 % May
20
123
Jan
Jan
11
122
Jan
27
3
26% Apr
4
General
5
4
General
5
99% Apr
4
18
Feb
25
21% Jan
May
82% May
75
Jan
24
77
Jan
71% Mar
5
73
Mar
9% Apr
6
12% Feb
76
Dec
90
72%
Jan
4
19
3
7
General
No par
ig%
100
*121%
—10c
Refractories
5%
59%
58%
125%
Feb
39% May
29
Feb
7
33% Jan
87
Dec
96%
82
Mar
8
91
17
Dec
25
75
Dec
85%
19%
Nov
28
Jun
May
Jun
Jan
13
12% Mar 23
17% Jan
5
74% Feb
76
Jan
31
23
24% Mar 28
May
55% July
Oct
6%
Nov
122
47% Mar
24% May
64% Oct
94% Mar
103% Aug
7
$6 pfd—No par
Time
17% Mar 28
48 % Jan
53/8 Jan
107
3
3
25% Mar 29
21% Jan
53 % Mar 25
7% Apr
116
12
17% Jan
7
6
14% Jan
3
Feb
10
64
9
103
101
Mar
38% Mar
50%
Oct
x40 % Feb
96% Mar
105%
Oct
101
Jan
11
5
8
Jan
Apr
56
7
Mar 24
Feb
17
45% Jan 26
1043/4 Feb
3
$5
$4.50
4%%
*121%
123
*121%
123
preferred
5%
Feb
8%
Apr
53/4 Feb
19
7% Mar 31
15 %
Aug
18
Oct
16% Jan
4
19
Apr
6
Grand
18
Feb
35
Oct
23
6
28% Jan
7
Granite
23
Nov
31
May
89
Nov
99
Jun
95
Jan
13
97
14'A
Sep
12% Jan
11
July
32
Jan
6
34% Mar 24
Dec
15% May
12
Feb
23
13
36%
Feb
50"% May
36% Feb
24
433/4 Jan
7
16
Dec
23%
Jun
16% Jan
3
18% Jan
10
132
Feb
145%
Jun
1353/4 Jan
6
144% Mar
60
Apr
77
Jan
29%
Feb
40%
Jun
13%
Dec
17% May
13% Jan
4
14% Mar 29
10
Feb
13% May
103/8 Jan
4
11% Mar 30
90%
Dec
98
Jun
93% Jan
26
16%
Nov
25% July
15% Feb
Jan
13
3
24
25%
25
25
25
25
24%
24%
24%
24%
25
*116
117
116%
116%
116%
116%
City SteelCo
25"%
116%
115%
26 %
26
Mar" 19
38% Jan
3
Greyhound
9
Jun
5
Feb
97
July
92
97
Mar
8
20% Apr
24
6 % Apr
2
4%%
Ore
Feb
Jan
4
20%
Jun
10% Feb
24
14
Jan
Feb
58 3/4
Jun
45
Feb
15
50
Jan
57%
Feb
81
Jun
60% Feb
26
71% Jan
Gulf
14
Jan
18% July
16% Jan
3
19% Apr
Gulf States Utilities
iojincHre
«ee
page
24.
21%
1,100
*98%
100 %
21%
20%
21%
20%
20%
20%
20%
78%
*75%
78%
*75%
78%
*75%
78%
*69%
72%
*69%
72%
*69%
72%
*69%
72%
*69%
72%
*69%
72%
*10
10%
9%
9%
9%
30%
30%
30%
30%
85%
85
85
13%
13%
13%
Co_l
31%
*82%
13%
31%
31%
9'A
10
10
10
32%
31%
31%
x30%
31%
10%
10
*83
& Ohio
*82%
86
13%
xl3 %
13%
76%
76
76
*75'A
76%
*75%
78
*75%
78
25
24%
24%
*24
24%
24'A
24%
*24
24%
24%
24 %
800
18
18%
18'A
18%
18
18%
*18%
18%
18%
18%
18%
4,800
54%
*52%
*52%
6%
*109
53%
*16%
6%
111
*52%
6%
*109
54%
*52%
6%
7
7
108%
6%
111
110
107
7%
*52%
7%
*107
53%
53%
*52 J/4
7%
7'A
.
*107
109
100
78
*75%
7%
12,900
109
110
16 =(8
16%
16%
16%
16%
16
16%
*16%
16%
500
63%
63%
63%
62%
62%
62%
62%
62%
62%
62%
62%
3,400
101%
*101%
102%
*101%
102%
*101%
102%
101%
43%
43%
43%
43%
43%
*103%
102%
*101%
43%
,43%
43
103%
43%,
103%
103%
*103%
103%
103%
103%
*15%
15%
15%
15%
2%
2%
2%
2%
2%
2%
2%
67/a
6%
7
7
6%
6%
*18%
18%
18%
18%
*18%
23%
23%
23%
23%
23%
21%
15
15
15
15
18%
18%
19
18%
T8%
18%
18%
1,000
23%
23
23%
23%
23%"-
23%
23%
4,200
21%
21%
21%
22%
22
22
22%
12%
39%
17%
17%
17%
*136%
137%
l
*36
36%
36%
*64
,
2%
"
12%
*136%
9,500
*6%
38%
70
1,000
2%
6%
17%
128
15%
*15
15%
2%-
12%
*64
300
6%
39%
100
3,700
2%
17%
*34%
100
43%
103%
7
12%
13%
*15
102%
43 Va
*103%
,
*6%
39%
36
*95
*103%
43
104
2%
17%
*136%
18%
5,500
*16%
*101%
*17
13%
16%
63
-t
54%
109
12%
*95
13%
*13%
36
*34
'
138
70
36%
*95
95%
95%
u
136%
*64
36%
13%
36
137%'
70
...
13 %
95%
"*13 %
*95
13%
95
95
13%
14%
1,000
10
4,800
35
*34%
*34%
12%
13
,12%,
12%
,12%
12%
2,600
39
39%
38%
38%
38%
39%
4,100
17%
17%
17%
17%
17%
1,900
137%
137%
137%
137%
*64
70
*64
36%
36
36%
36%
36
70
36%
35%
*13%
14
14%
14%
*13%
11%
11%
11%.
11%
11%
11%
11%
11%
11%
100
*95 Va
96%
96%
96%
*95%
96%
*95'/a
96 %
*95%
19%
19%
19%
19%
20%
19 %
19%
5%
5%
5%
5%
14
36
*13%
14%
11%
40
70
*64
11%
*13%
700
36
*34%
*13%
14
22
*21%
95%
•
13%
7
14
1,400
100
—
Corp
,
*95%
96%
10
18%
19%
1
*5%
5%
No par
*92
93
RR com.No par
13%
No par
25
48%
*64%
64%
Nopal
18%
18%
Co
200
85%
13%
39 %
Corp
3,300
85%
13%
39 %
preferred
3,700
86
*82%
*12%
preferred
10
2,600
24%
10
100
10
100
13%
*76
100
No par
No par
*98%
100
13%
86
Prop—No par
pfd
*98%
.
*'34%
Sugar common
Nov
Oil
21%
13%
preferred
conv
22
3
12%
$5
22
95%
(The)
Grumman, Aircraft
$5
22%
*75%
& Die Corp__No par
Corp
Gulf Mobile
22%
22
22
Inc
85
Feb
3,900
No par
44
94
25%
13%
Common-
Guantanamo
25%
*95"A
(H
Greenfield Tap
25%
*21%'
Green
Co
25%
1
Bay & Western RR
L)
25%
78%
5
Sugar com
preferred
;
370
25%
*75%
com
Western
800
25%
100
Gt Northern Ry 6 %
1,000
117
78%
common
Green
33%
25%
116
*75%
preferred
Stores
3,200
25
100%
1
$2.25 conv pfd
7%
5 %
24
116%
400
1,500
123
5 %
5%
23%
21%
Co (The)
Gt Northern Iron
-
*98%
No par
Grayson-Roblnson
Great
'121%
123
r
28,300
*
5%
23%
21%
Graham-Paige Motors—.
Granby Consol M S & P
40
*121%
24
5
Gotham Hosiery
7
(W T)
5%
24
No par
5
33/8 Jan
3%%
123
24%
10
16% Mar
23
Grant
19
99%
No par
19
2% Feb
8
13%
18
24
No par
No par
com
13% Jan
13
13
18
5'A
No par
preferred
Jan
25
13%
17%
22%
2.50
com
Jun
Jan
5%
13
19%
23%
5
5%
'
5"%
14% Apr
*121%
5 %
13%
21 'A
1
23%
24% Jan
5 %
*18
22%
50
Dec
5
13%
19
99%
No par
Dec
203/s Mar
3
13 %
22%
Corp
2%
Apr
2,700
3
'A
5
com
(B F)
Union
1,300
14%
*2%
■■
23 %
No par
Goodyear Tire & Rub
$5
24%
14
2%
.
21%
Gold & Stock Telegraph Co
Goodall-Sanford
Inc
$5
24%
14%
2%
3
100%
No par
(The)
Co
24%
14%
14%
*2%
22%
common
Harvester
Goodrich
*24%
24%
14%
*99%
conv preferred
Brewing Co
Goebel
1,400
24
No par
com
preferred
Gleaner
14%
*20%
& Lumb
preference
Glidden Co
*13%
5
com
100
Safety Razor
conv
14%
22 %
preferred
Glmbel Brothers
1*100
14%
24%
18%
400
98%
14%
18%
25,600
99%
98%
24%
12%
58%
125
98%
14%
19
Shares
58 Va
*124
125
for
share
$ per
58%
58
Sales
the Week
Apr. 8
Apr. 7
—.100
Georgia-Pac Plywood
300
x98%
24%
12%
Friday
Thursday
14%
18%
25%
com—_No par
preferred
i 130
;
99
*123%
*13%
12%
*115%
_20
1,600
99%
100
123/4
123
127
*97
$ per share
58%:
14%
*2%
3
*126%
99
1,900
.
125%
13%
/
127
3JJ
G%
100
Corp
preferred
3% %
3
4,400
46%
45%
127
.
*25
1
Gen Tire & Rubber Co
Gillette
*99%
100
8%
*23 %•
No par
Telephone Corp
4%%
12%
80
22,500
42
s -
*96%., 97%,
'■
8'A
*97
$ per share
$ per share
125%
2"% ;> 2%
5
No par
41%
47
Apr. 6
58%
14'A
37%
37
.
97%
r
*45%
PRICES
Wednesday
*125%
14
;
>
400
AND HIGH SALE
59%
24%
Corp
99
125%
14%
:
',139%
139
139%
8%
128
*97%
58%
24%
Utilities
*127
Apr. 5
'
10c
45%
Tuesday
/
Co
;
*139
47
97
97
$ per share
100
80
700
'
8%
x46
*125%
59%
125
r
27%
127
97
8%
8%
127%
*45%
Monday
Apr. 4
H*99% 100%
No par
Cement
General Shoe Corp
Gen Steel Castings
4%%
58%
125
^
3,600
„
"
127'A.
97
139%
.
8%
,C\
45%
127%
101%
S per share
10
preferred
Realty & Utilities
28
Dec
30
102%
*95%
9
45%
128
*127%
6%
Gen
7
Jun
Apr
47
*45%
ii".
97 :
-
8%
24
Portland
Public Service
24% Jan
Mar 14
Feb
6
53/8 Mar 17
22% Apr
102% Jan
Dec
*96
j4
Gen
18%
"
Saturday
Gen Railway Signal com
98%
8%
24
133/b Mar 11
Jan
42%
96'/8
*83/4
1
20% Jan
% May
42%
96'/a
1
Equip Corp—No par
3
6
139%
37
139%
8%
72
.
14%
7
30%
139%
37%
14'A
11% Jan
128%
19%
42%
.7
17% Apr
Feb
19%
139%
133A
General
22%
19%
37%
13%
Gen Precision
Public
19%
42%
Advertising
7
7
19%
*139'A
series
7
May
19 %
37%
No par
8
29
'
373/8
com
3% Jan
Dec
23
20
*19%
LOW
16% Mar
Dec
28
139%
Apr. 2
25% Jan
Gen
*70%
28
i_No par
100
3
23% Mar
70%
28
19%
STOCK
Corp
$3.75
Outdoor
Gen
8%
70%
28%
8%
28
preferred
Preferred
8%
72
*28
19%
Par
General
8%
*70%
28
8%
'•>
28
9
72
8%
*70%
27%
100
4
18%
9
71
,
19%
139 %
preferred
conv
8%
70%
9
71%
23%
preferred
33/8%
10
10%
9
*71
No par
2% Feb
for
28%
28'A
19%
5%
*13%
com
13% Jan
4% May
15 % Jun
5% Mar
*27 %
5%
28
20
*27%
$3.50 preferred—/
26
xl2
2,700
28
5%
50
General Instrument Corp
General Mills common—
18% May
Mar
200
5%
20
*28
No par
Co—i
Feb
29
100
18%
■
28
5%
5%
*
100
Electric
Foods
Feb
9% Mar
15%
5%
19%
5%
29
*106
J
5
5
preferred
General
General
Nov
15
*18,
5%
28%
No par
com
2%
Dec
*15
18%
200
'
19%
100
16%
14%
15%
1,000
39'A
*38%
*15
200
9
9
9%
38%
15
1
5
com
12%
Feb
16%
193A
5%
*28
No par
$ per share
*56% Feb
123% Jan
Jun
Mar
*16%
5%
EXCHANGE
Jun
17%
Mar
3,300
16%
19%
1
50
common
1,300
6 %
16%
*18
18 Va
com
7
6%
38%
15
18%
38%
7
6%
*9
9%
*17%
2nd preferred
NEW
Nov
66
125%
12% Mar
4
f'
39
*15
—No par
Co
General Cigar Co Inc
Highest
$ per share
$ per share
Jan
48%
*38%
18
100
Corp.
preferred
1st
Range Since Jan. 1
Lowest
Highest
x97
113
9'A
9%
15%
STOCKS
1948
Jun
Sep
16%
16%
39
com
preferred
Jan
7% Feb
45% Mar 31
99%
4% Mar
16%
*383/8
1.66%
$4.25 pfd series A
79% Jan
93 % Jan
0
Feb
120
16%
*16%
7%
6%
*7
6%
*15
Transportation
Baking
6%
*17%
$4.50 preferred
$8
6%
9%
50
General American Investors
General
7%
6%
*38%
preferred
Amer
7%
6%
No par
Gaylord Container Corp
General
7%
6%
No par
Co
Industries
conv
7 Va
6%
*16%
•
5
(The),
Gardner-Denver
Range for Previous
Lowest
20
com
preferred
conv
7
'
July
82
97
preferred
Gamble-Skogmo Inc
General Cable
15
Sep
Nov
Mar
6%
l
com
7
6%
"
1
(Robert)
10
Nov
9
Co Inc
General Bronze Corp—
72%
87%
(The)
11% Mar 31
28%
X125
Gair
Co
14
48%
19
5%
*92
93
*92
93
13%
13%
13%
48%
48%
48%
64%
64%
64%
64%
18%
19
19%
19 %
13%
*48
92
6
6
92
92
6%
92
19'/a'
5%
92
•
11%
96%
25,800
40
19%
8,400
6%
3,609
92
50
13%
13%
13%
12%
13%
12,100
48%
48%
48%
46%
47%
1,000
64%
64%
64%
64%
64%
65
19%
19%
19%
19%
19%
19%
13%
*48
12,700
>9,3.00
17
"
18
'
Lowest
Highest
$ per share
$ per
$ per share
Saturday
york
new
Range Since Jan. 1
Year J94K
PRICES
Wednesday
Apr. 6
AND HIGH SALE
Tuesday
'
Apr. "»
Apr. 4
$ per share
Par
$ per share
share
Monday
Apr. 'i
exchange
Highest-
Monday, April -11; 1949
CHRONICLE
LOW
STOCKS
stock
Range for Frertoai
La west
FINANCIAL
THE- COMMERCIAL ' &
(1574)
-
$ per
the
Apr. 8
Apr. 7
■$ per share
$ per share
$ per share
$ per
share
Feb
15 %
Nov
12% Dec
12% Dec
79
31
Mar
89
107
73
Jun
21 Va
Feb
Jan
Oil
Well Cemehting__5
*17%
7
Hall
Printing Co——
5
No par
Jan
<6
*75
106% F«b
2
4% conv preferred—
——100
Hahna (M A) Co $4.25 pfd-Nb par
Harbison-Walk Refrac com—No par
81
•
23% Jan
13
149. F6b
24% Jan
19
5% Jan
14
4%
69
Dec
8
Jun
Dec
79
Jan
61
Jan
5
Feb
11% Jun
7
Feb
11
8% Mar 14
4% Jan 20
9% Jan
6% Feb 25
Jun
7
preferred
_ioo
Marx—
Hat Corp of Amer class A
Hayes Mfg Corp
.•—*
*23%
67%
*66%
67%
*66%
8%
*7%
8%
8%
8%
7%
7%
7%
7%
7%
20%
7%
*104
105
1274
400
7774
5%
*77-8
50
22
800
*145%
2374
400
57k
57'4
300
*6674
67 %
•
67%
7%
77«
7%
207k
207 s
.
26% Jan
19% Feb
3
22% Mar 14
Hazel-ALias
CO—
1—5
*20%
21
20 %
21
20%
20%
207a
13
23% Feb
*22%
23
*2274
23
*22%
23
X2274
22 74
*22%
23
17
91% Feb 24
36
Mar 30
91%
*90
91 %
*fO
917k
*89
9174
*89
91 %
91%
91
*90
*89
Jan'
20% Jart
84 ' Jan
15
23 %
27% July
Heoht Co common—;——
*22 3 4
Oct
20%
78
35
*35
3574
35
35
*35
35'4
•95%
Nov
34 Ye
Dec
13'A
Dec
41%
Jan
30
Dec
35%
Oct
34% Jah
6
13% Jan
4
40 %
Apr
128% Feb
26>/4
Oct
30% Apr
123% July
114
Mar
17
Nov
Oct
28
Feb
9%
Dec
25
99
Dec
11
84
16
3
22
18% Mar
24% Mar lO
Oct
Feb
Mar
2
8
34% Jan
3
24% Apr
35% Jun
103
.
9% Mar 28
8
Mar 28
Hercules
—
—
common..—_
—
7
Hilton Hotels Corp..
Hinde & Dauch Paper
Hires Co
24% Jan
7
10% Jan
18
22% Jan 21
27% Apr
41% Apr
29
Jan
1
2
13
Holland
(C
Furnace
*9874
99 74
99%
9974
2774
27r,»
27%
2774
27-%
38%
*38 %
3874
15%
.—100
•126%
par
30
No par
121
197k
"9
Co
Hooker
Electrochemical
28% Jan
6
32% Mar 31
86% Jan
6
43% Mar 10
95% Mar 14
48% Jan 19
Houston
29% Feb
35% Jan
12
Houston
Oil of Texas
20
Howard
Stores
Oct
20%
Feb
38% Jun
14
Dec
23
Jun
13% Apr
7
15
33
Jan
47
Jun
38
1
46 % Jan 20
Sep
Sep
14% May
3%
8%
8% Dec
7
Apr
Jan
5% Mar 16
,8 % Jan
5
9% Mar 14*
11% Mar
12174
121%
122
*121
19%
19%
19%
1874
1»%
*1874
19 74
600
20
2074
19%
20
19%
1974
193k
19%
2,800
8J
82 %
8J
*82'/4
83
*8174
*81%
82%
8%
9
8%
9
31
*
9
*30%
31%
*30%
143%
14%
14 %
9
*
14%
14
14
13%
23%
23%
2374
23%
23 3
10
2334
10%
*9%
10
10
♦10
20
20%
Xl9%
19%
*20%
2174
27%
*27
27%
27%
27%
x27%
27%
2674
41%
3934
40/4
4014
41%
4074
*
*25%
107
25%
26
*25%
26
106 %
10574* 106%
*11%
12%
12
' :
31%
31%
106
25
*2474
106
106
700
40%
14,100
24 3 4
25
11%
12
1174
117k
*11%
31
31 %
31 %
31%
*31
3174
32 %
32%
317B
317k
317k
*93.
93
94
94
94 3
94
93
93
46
46%
46 3^
47
473,
4774
48
47
47
47 V
47
3,100
32 7 «
33
32%
33%
33
33%
33%
33%
3374
34%
33%
33%
9,800
15
*14%
'1374
137 k
*1334
1474
400
397-4
3974
39%
397k
2,0uU
*14%
38%
Hudson <&. Manhattan common—100
<
*5%
6%
*6 7k
*9%
10 %
*9%
10%
14
14
40%
40%
6 3/k
*6
6%
-.100
preferred
40
15
40%
*14 V4
15
39%
39 %
39 %
*93
*9%
6%
10%
6
6
6 %
10%
10%
'
*574
!
.
*97'b
1074
100
397k
4,900
11%
7,800
56
47% Jan
7
Hudson Bay Mln & Sm Ltd—No par
40%
41
41
41
40
40%
40%
40%
397*
40%
Dec
22% jun
9
Feb 26
14% Jan
7*'
Hudson Motor Car
Hopar
11%
12%
11%
12%
11%
12
11%
11%
117a
1174
1134
Dec
19
8% Feb 28
11% Jan
7
Hunt
6.66%
*9%
10
9%
9%
10
10
934
Dec
5
2% Jan
6
Hupp Corp
x—1
2%
2Vo
2%
12% Sep
Apr
May
14%
2
Jun
Feb
11
14
Jan
7
Range Since Jan. 1
Foods
»
11% Feb
7
lnc
Hussman Refrigerator Co....No par
'Range for Previous
$ per share
30%
Apr
Lowest
Highest
$ per share
$ per
NEW YORK
share
$ per share
32% Jan
28
35
42% July
90
July
22% Feb
24
30% Jan
77% Mar
2
84
Jan
97% May
37% July
96
4
96
Jan
4
26% Aug
9% Feb
30
25% Jan
20% Nov
25% Jun
95
Sep
24% Jan
7%
Nov
38%
Dec
68% Nov
150
Feb
20% Feb 23
May
12%
Jun
9
7% Apr
21% May
;6% Feb
8% May
13
Dec
86
Dec
1%
Dec
11%
Feb
125% Feb
26% Deo
160
Oct
11
5
3
Jun
27% Feb 24
139% July
64% Jun
Feb
'6%
65
99
14
3% Feb 26
137% Jan
45
May
Dec
52% Jan
Feb
94
Jan
107% Jan
64
Jun
16% Jun
4%
18
Dec
Dec
5
7
7
170% Jan
20
7% Jah 24
29
Jan
8
81% Mar 11
4% Jan
10
31 % Jan
;
7
143
Feb
8
53% Jau
7
99
Mar 26
7% Feb
8
preferred
100
_
Mining
Corp.—
...
International Paper
s$4 preferred
Co com——15
—No par
Int'l
Rys of Cent Amer com—No par
8%: preferred
+
_—100
4
34'
Jah 27
3
;11 Va Apr
3
.11
144
:
Jan
4
3
29
Feb
Mar. 3
32
J6h 21
Mar 30
148
3% Ma* 23
Feb
5% Jan
1
Mar
39%
Feb
48
May
44
Jan
24
48
Apr
89%
Oct
99
May
95% JUn
17
100
33%
Sep
100%
Feb
7
27
2
18
Mar 18
40% Jan
7
110% Feb 23
35
Oct
99
Dec
106
May
102
15
104% Mar 22
145
Jan
158
Jun
159% Feb 21
159% Feb 21
Oct
28% Feb 24
81% Mar 23
31% Jah 28
36
Jan
7
29% Mar
39%
83%
30% Nov
93% Apr
43% Jun
11% Dec
21
May
10% Feb 2p
12% Jan
8
98
fclay
94% Jan
-99% Feb
9
36
Feb
307k
30%
9%
x97k
9%
24%
37%
'7
3774
60 7 4
617.,
37%
31%
37%'
15
14%
83^
7
33% Jan
7
86
3
Jan
40% Mar 16
14%
*91
1%
13
155
24%
167
8%
14%
14
*91
1%
61
163
37%
14%
15
3574
15
1434
-
8%
8%
*874
14%
14:J 8
143k
143 k
14 3b
91
91
91
91%
9174
17 k
174
347k
35
6,600
*14%
15
3.900
8%
87k
1%
12%
13 V»
12%
157%
156%
1%
1%
12%
13 %
*157
157
25
24%
247k
24%
167 %
166 3/k
167
166%
167%
166 %
1%
14
*91%
*
8%
1.200
1,703
14 74
40
92
1%
174
2,600
12%
12%
4,200
158%
158%
1,300
247k
24%
23%
24 3 a
16,900
16674
1667k
166%
166%
620
157
24 %
167
1274
1274
13
158
158
6%
6 %
6%
6%
6%
6%
6 5/8
674
67k
6%
6%
674
5,100
26%
26%
26%
26%
26%
26%
26%
263/8
*26%
2778
*2674
2674
600
80
80
79
80
83
*78
83
*78
83
4%
28%
*137
49%
*96%
28 3/8
29
48 3k
*96%
98
400
4%
4/4
4%
4%
4%
4%
4 74
6,600
28%
28%
2874
287 k
28%
28 Va
287k
11,500
*137
138%
*137
49%
*96%
98
287k
287k
49%
49%
4%
138%
*137
138%
*78
82
*76
4%
4%
4%
48%
49 %
*96%
98
138%
*137
13874
48%
48%
49%
9774
98
97%
67 k
6%
6%
*6%
67%
67%
*6674
6774
58
*55%
58
*138
487k
*96
138 74
497k
8,800
100
98
6%
500
63/8
*6%
6%
67
67
67
*66%
67 %
67%
6774
59%
57%
57%
57%
57%
*56
*55%
57 7k
No par
*42
42%
42
42%
41%
42
*42 V8
42%
42 %
4274
42%
42 7k
1,200.
51 %
5174
507k
50%
49%
507k
l,4u0
33%
33
33
25
——25
*6%
66%
51%
*33
6%
*6%
6%
51
34
52
*33
51%
34
10%
10%
18%
51%
"33
10%
10%-
10%
10%
1074
1034
10%
10%
10%
18%
*18%
19%
*1874
*27%
28
27%
2T%
*28%
28%
28%
29
Co—
*144
146
*144
*27%
28 34
3%
-
33/4
3%
l
3%
Jaeger Machine Co
_LNo par
Jersey Cent Pwr & Lt 4% pfd—100
14%
14%
*14
143/4
*82%
83%
*83
83%
—
com
JNo par
*46%
—.100
99V2
3%
47
-
83%
33k
99%
*99
par
*363/4
37%
36%
37
108%
108%
*106%
109
Johnson & Johnson common—.12 %
4% 2nd preferred series A:
Joiiet & Chicago RR stamped!
Jones & Laughlin Steel com—No
6% preferred series A—
Joy Manufacturing Co
*145
/
3%
:
3%
107k
44,000
1074
1.100
1974
1974
'
28.^
287 k
2874
*145
148
374
374
28
300
2874
29
2,200
148
10
*145
"3%
374
*1474
147 k
147 s
14%
*81%
83%
83%
837k
110
48
48
900
46%
47
9934
*99
36%
*107
"36%
109
47
47
47
100
*99
100
34%
36%
3374
*105%
108 %
*104%
33%
34
3374
34%
108
34
*99%
34 %
*105
33
100'/a
*33
33%
*104
105%
*104
105%
*104
105%
*104
105%
*104
10574
160
*153
160
*153
160
*153
160
*153
160
*153
160
*
29%
29%
28 3
5,900
100
33
33%
105%
*153
29
40
-
3474
*104
33 %
400
108
100
33%
1,700
14%
83%
100
*33
600
*27%
*14%
99
•
148
1074
*1074
19 74
*82%
46%
99%
190
No
28%
•
28
28
28%
'
83%
'
3%% preferred
Johns Manville Corp com
3%% preferred—
28
100
33
14%
*14
;47
47
•
2874
146
146
146
28
i
*32
200
1074
10%
18%
<.
230
107 k
107 k
11%
•
Island Creek Coal common
1
*33
33%
11
*18%
preferred
51%
18%
10%
18%
50c
29
28%
2874
800
■\f
'
■
*.
.L
-
—
6,600
par
29%
29%
29%
297k
29
100
82%
82%
82
82%
82%
82%
81%
82%
813/4
82
81%
82
670
l
38%
39
38%
39
38%
39
39
39%
38%
39
38%
39
4,603
11
*10%
11
11
500
*96%
97%
*102%
10274
4
K
X89
Nov
98% Dec
101%
Dec
23% Feb
48% Oct
48% Mar
60% Jun
13% Dec
20%
Feb
15% Dec.
18
May
12
100% Feb 11
x34 % Feb
52
Jan
24
103
Mar 29
3
42 % Apr
56
Jan
24
8
12% Mar 24
14% Jan
1
26% July
18% Mar 25
21% Jan
8
22% July
14% Feb
17% Jan
For footnotes
aee
page
24.-
7
7
Kalamazoo Stove & furniture..
Kansas City Power Si Lt Co—
3.80% preferred
...
4%
10
100
100
preferred
^
City Southern com
No par
preferred
100
Kayser (Julius)-& Co
—"
5
Kelsey Hayes Wheel conv class A_1
Class B
;
1
1
cum
Kansas
4%
non-cum
'
800
61
*158
36
24%
10%
Jewel Tea CO lnc
62
163
8%
24%
lO3:,
L)
2,900
*61
91
-
1%
Dept Stores—Nopar
Intertype COrp
Ne par
(P
3774
37
37
3674
*7
*158
15
*155%
13%
155
1,000
14
91%
1%
1.900
37%
'
'
2,500
774
3474
8%
14%
91%
974
2574
143.4
15%
8%
*8%
163
97k
25 Vb
7%
363.,
37%
15
*158
163
*158
163
*158
7%
61 %
974
257k
*7
37%
*60%
'
-
6,200
3974
25
25'
37
7%
*7
7%
38
61%
Interstate
Jacobs
85
Feb
x30%
9 %
7%
International Telep & Teleg—Nopar
Foreign share ctfs—.—Nopar
8
18% Jan 24
Jan ' 3
Jan
163
2374
30%
25
61%
7%
*22%
30%
30%
300
*57%
Salt
preferred
$6
13% Mar 11
33% Apr
7%
2
81
108
*158
24%
•-
23%
*23%
2,100
11,600
No par
International* Silver common-
Jan
1
Int'l Nickel of Canada com—No par
Preferred
100
13
92% Jan
Feb
4%
International
57% Jah
79% Dec
_20% Feb
Int'l Hydro-Electric Sys class A—25
Int'l Minerals & Chemical com
5
10
25:
42% Jun
113% Jun
.100
International Shoe.^
39% May
Jun
t7% preferred—,
27
24
May
Iron
Int'l Business Machine——No par
Int'l Harvester common
No par
Jan
35% Jun
10
5
100
No par
.No par
;44
i Apr
4
20% Jan 20
23%
Interlake
Rubber
3
8% Jan
s
1
Corp common..
preferred—
Jan
18% Feb 17
May
4%%
Intercontinental
International
8% Jan
16% Jun
145
20
41
Mar
26% May
No par
—,
9
32;
137% Jan
—100
17
35
Nov
preferred
Feb
Mar
29
6%
7%
9%
9%
25
38 %
Feb
30
9%
25
61%
—No par
common
61
49% Feb
22% Mar
9%
24%
30 %
30%
30
30
*9%
24%
71
65% July
30
*22%
24
*23
24
*23
24
——5
31
Mar
*23%
Indianapolis Power & Light—No par
Jan
43
Nov
—No par
Co
Power
66% Apr * 2
Jan
8% Nov
*95
57
45
17% Mar
3
7
5% Mar 23
39% Nov
\8%
98
38
23
5% Feb 24
July
Dec
*95
61%
Jah
73% Jan 17
6% May
34% Oct
Jan
,98
Industrie Electrica De Mex, S A—
Industrial Rayon
1
.13% Jan
24
*95
IngersOll-Rand
,28% Jan
98
98
3
162
*95
*95
Interchemical
11
80
98
-
Shares
337k
98
——
■
277a-
80
*95
lines 4%
26
Feb
33%
26
8174
—100
RR stock clfs series A—1-1000
leased
Illinois Terminal RR Co
8
33 3k
26
*79%
7
92% Jan 25
share
25%
26 %
80
15 % Jan
23% Mar 23
the Week
$ per share
333k
33ak
26
80
25%
'
93
Mar
33%
33%
26%
Insuranshares Ctfs lnc
71
42%
263.,
80%
Inspiration Consol Copper..
24% Mar 10
86
33%
33%
26%
share
*79
Inland Steel Co——
xl45% Jan
9% Jun
33%
$ per
share
80
6
Mar 16
$ per
share'
$ per
for
Sales
Apr. K
Apr. 7
Apr. 6
c
Friday
Thursday
Wednesday
<*79
7
2% Jan
1,700
80
Illinois
8% Jan 10
41% Jan
2,800
11%
26%
67
160
2%
11%
80
8
Jun
135
1
Mar 30
Jan
*2%
1174
97k
SALE PRICES
Apr. 5
,
1,200
2%
1174
9%
26 %
8
164% Jan
$ per
33%
Co
16
38 %
Dec
33%
Power
non-cum conv
8% Feb
12
Apr. 4
974
27b
11%
pfd ser al.100
6%
18% Jan
5% Nov
23% Feb
,.?3%Mar
24"% Mar
20
Illinois Central RR Co common. 100
41% Jan
1% Mar 31
x34% Jun
174% Jun
$ per share
Idaho
3
Jan
Par
7
13% Mar 23
86% Jan 11
Jan
Dec
Jan
8
3% May
16% May
156
4
34% Apr
8
14% Mar 22
23% May
103
26
4
155
47% NOV
,15% Feb
4
60% Mar 28
Jun
34% Mar
30% Apr
10 % Jan
24
33% Mar
Jun
7.6% Jun
166
Feb
."
■
7
28% Jan 21
4
21% Jan
15% Jan
56
Jan
Jan
'
...
7s
,
« ;
Apr. 3
AND HIGH
Tuesday
Monday
Saturday
*9%
2%
11%
11%
9%
2%
2¥4
'
35% Jun
27% Mar
62% Feb
11%
LOW
STOCK
.'EXCHANGE
Highest
2 Vb
11%
*11%
11 3'4
11%
STOCKS
Year 1948
Lowest,'
2%
-
500
6
1074
*974
Jan
2
120
94
46
12%
10%
700
v
94
;
,
5.0
31%
31%
34%
37% Feb 25
2,000
11% '
31%
3972
Nov
100
105
105.'
'
-
400
-
12%
*31%
31%
3134
31%
•
v'
2674
40%
*31'.4
31 %
31%
106*:
••
500v.
26%
v
41' *\.
2074
11%
'
12%
*31%
25%
25%
25 %
106
106
200
-
2074
27
*
2,200
b
1074
*10
10%
203k
40%
400
13%
23%
*10
41 %
300
31%
3174
3174
*31%
20
2,600
9
9
9
*13%
14'k
23%
23%
*23%
31
31
83
*20
1
Corp
non-cum
122
249
*19
10
—5
5%
2,500
25
t c
Howe Sound Co
3
32
19%
20 Yb
40
*
40
*31
31%
122
122
1.000
3,300
127
*92
S%% preferred
—,..—100
Light & Power
No par
v
31%
14 V*
4274
4274
127
1978
8%
23%
*27
5
Co
49
15
120%
f
42%
127
10
10
30
12.50
94% Jun
32% Jan
121%
32
32
32%
3174
*12674
20%
—.—5
34% Jan
11
31%
127
*126%
127
100
83
14%
23%
♦1267a
127
2,000
14
14%
14%
20
27%
27
38%
..
'
42 VB
99%
.38%
*98 7k
,
100
400
197k
32
*14%
^.5
(A) & Sons
Holly Sugar Corp
5% conv preferred
Homestake
Mining
Oct
Feb
30
Mar28
12% Mar 30
4274
'
Hollander
Nov
Jan
108 v
*31
1
Mar
27
46%
>3
14 3 4
4134
9%
81
Dec
Jan
10% Feb 25
*14%
42%
*19
8374
5
—10
Co
*83
*38 »4
14%
4274
12074
197 k
—100
3874
*14%
30
197k
197 b
*38%
15
42%
*1267k
121
5
—1
38
S9%
102
?
30
2nd pfd series A $4.50 div.No par
Houdaille-Hershey com
—No par
82.25 conv preferred——i—50
Household Finance com
-No par
Deo
i\.
18% Jun
127
38%
1474
42 7a
*38 7B
3874
4174
The
E>
99 74
277k
4174
$4 conv preference—
Inc..
11
*98%
27%
*3874
Hewitt-Robins
11
99%
2774
*14%
Heyden. Chemical Corp-.
3%% cum preferred.
Feb
35%
99 V4
2774
No par
preferred
Hefshey Chocolate com— ..No
9% Jan
32
35%
99%
2734
_No par
—
5%
35%
*9874
new—25
preferred
Motors..."
35
*35
10
—
Hercules Powder common—
'
20%
100
.i.^25
common.
preferred
(G W)
14% Jan
5
30
Dec
5
Jan 15
7
8% Apr
30% Feb
42%
27
26
16% May
Jun
29% Nov
24% Nov
127% Jan
21% Jan
12% Jan
30%
Dec
4
21% Jan
Jun
3.65%
1
15
46% Jan 18
—106
preferred——
7 % " non-Cum
38% Apr
Apr
Glass
Heinz (H J> Co
Helme
Feb
79% Jan
8%%
1
28% Mar 30
18% Feb
29% May
15% Feb
100% Mar
122
116% Jan
xl8
14% Jan
37
Dec
4
32% Apr
25% Jan
Mar
21%
15
26% Mar
28% May
-86% Jun
Dec;
Mar 25
122% Feb
27% Jan
17% Nov
12%
4
57%
Dec
9
3
14
23 % Jan
22% May
'
120%
78
Jan
98% Jan
l0$
May
24% Nov
Jan
22%
Jun
42
Dec
29%
1,900
2,000
77k
207k
772
Mar
x20
:
30J
8
3
8%
'
7%
10
148
A *23
5%
*6674
105
22
1
23%
/
5%
130
*164
-
147
147
*23
8%
*8
;
22%
*22
.
67%
*66%
67%
*7%
300
12%
*767a
'
23
*5
5%
*66%
2,100
127k
76
148
23
300
1774
1234
/
13
76
/
22
23%
*5
5%
*5
5%
"5
105
oo
*145%
148
23%
24%
*12%
*104
22%
*145
148
'145%
24
104%
22
22%
*1274
12 U
*75
75
75
104%
12%
3374
1774
1274
*32
•
17%
1734
77%
12%
123',
12%
33
*32
%
17%
*12%
13
*1234
104%
22%
I4g
*23%
17%
78
104%
105
22%
*147
1
100
1
2
preferred—-
4% %
Hayes Industries lnc—
104 %
*22
10
Hakt Schaffner &
67% Mar 21
6%
.
6%
4
*
*75 *
33
*32%
17%
12%
*12%
78
33 %
17%
-
13
13
13 VB
13
Dec
11%
17%
*1234
<W F»
*323',
3234
17%
*12%
20%
6% Feb
-32%
-17%
Hamilton Watch Co com
24
3
*
Mar 29
13
20% Jan
34% May
Halliburton
•13% Mar
4
20% Mar 22
147 ♦ Mar 29
150% Jan
-7
3
104% Apr
27% Jun
146% July
-
Water
4
Jan
33%
"32
Hackensack
19% Jan
11
11% Mar
—-26
33% Mar 30
4
•
12
Jan
xl01% Feb
Jan
16% Feb
35% Oct
22% Sep
16% May
xl4% May
Week
Shares
share
H
31
galea for
Friday
Thursday
11
*96%
102%
39%
*53%
97%
102%
102
11
97%
102%
11
*10%
11
*9674
97%
*9674
9774
10274
10274
11
39%
10274
130
397k
41%
4074
427k
7,800
5374
54
54
54
12%
*12%
1274
*12%
12%
197a
197k
19 V4
19%
5,103
15
15%
157k
15 Vs
8,000
40
39%
39 %
53%
53%
53%
53%
*12%
1374
12%
19 Va
19%
19 V4
15%
15%
157k
12%
13
*12%
13
20
*19%
19%
15%
*15
157k
19
147k
97%
5374
40
53%
*53
10%
•96%
40
40
*19%
*15
11
*96%
*102
10274
*102
700
300
-
THE
Number 4793
Volume 169
COMMERCIAL
NEW
_
$ per
Range Since Jan, 1
near Lv+o
Lowest
Highest
$ per
share
$
share
NEW YORK
Highest
$ per
"per share
56% Jan
43% Apr
8
39% Peo
8
16%
Oct
U % Feb
25
13 % Jan
May
24
22% Jan
11
104% July
93% Jan
92
Oct
11V&
63
Nov
89'
Jan
62
Mar 18
Oct
29% Jan
14
45 %
45 54
45
45%
44%
45V4
43%
441/4
43%
44
*40%
41%
41%.
41 y4.
41%
41%
413/b
41%
41
41
*12%
12%
*12Va
12%
12%
12%
12'%
12%
12%
12%
20
20
19%
19%
*97
98
97%
97 Va
*13'/a
4%
2nd
conv
preferred—,
19%
20%
20 Va
20 Va
1Q0
98Va
98%
98
98,
9ft
98
*iav4.
14
*13%
16
38% Jan 20
37%
37%
55% Jan
20
Kress (S H) & Co——:——Nopar
50%
50%
49
40% Nov
43
Jan
3
49% Apr
2
Kroger Co (The)
49%
49%
Oct
Jan
98
5
Jan
20
*
17,900
41
*12%
800
13
600
1,400
90
*13%
14
14
*13%
14
*61%
62%
62 Va.
62%
62%
62%
62.1/8
62%
*62%
62%
62'/»
62%
90
30%
30%
30 Va.
30%
30%
30%
30%
30%
30'A
30 V2
301/4.
30'/2
4,800
96
96
96%
96
96%
95%
95%
80
37%
37%
37%'
37V2
37%
37%
37%
37%
37%
37%
3,000
*50Vb- 50%
50%
50%
50%
50%
501/4
50%
50%
50%
49
49-
48%
43%
48%
49
49
49
1,600
2,500
*95%
-—No par
_
'
•
20 V8
14
91
;
Shares
44%
41
$ per
'
*98
.100
share
43%
t per share
share
20 VB
48% Feb
7
$ per
share
20
x357/a Feb
39%
Feb
4
$ per
20
Jun
95% July
*
' Feb
66% Feb
31% Jan
3
the Week
5
58% July
37%
Salea for
Apr. 8
No par
Kennecott Copper
Kern County Land Co,
Kinney. <G R) Co common-.:
—_1
$5 prior preferred—..j.
No.par
Koppers Co Inc common..—____io
4%
preferred —L
100
Kresge (S-Sj Coi——
_l
10
75
Feb
Mar
32
Feb
Jun
Friday
Thursday
Apr. 7
Apr; 0
$ per share
99'/2 Mar 17:
13% Mar 30-
5
12
14%
-29%-Dee
45%
*
19
t
Wednesday
Keystone Steel & Wire* Co
No par
Kimberly-Clark Corp# coiri...No par
7
19% Feb
24
Apr. 5
LOW AND HIGH 1I ALE PRICES
5
$ per share
7
Oct
Apr
Feb
Tuesday
Apr. 4k
Apr.
Far
12
46% Jan
60%
51
19
Monday
(1575)
RECORD
Baturday
STOCK
share
40% Nov
Dec
CHRONICLE
STOCK
EXCHANGE
42% Feb
i2 '/«
YORK
FINANCIAL
STOCKS
Banco for Previous
Lowest
&
96
49 Va,
14
*13%
*96
.
49%
*96
96%
.
14
-
—■
L
4% Jan
6Va May
4% Feb
4% Dec
17
Apr
24
Mat
17%.Jan
9% Feb
b
4
14 y# May
9% Mar
6% Mar 29
5
4% Mar 29
12
Dec
Laclede
La
ZL
Jail
Gas
Lousofia
20% Jan
21
Lambert
18
11% Jan
26
Lane
24
19
Bryant common
4 % % preferred
43
Jan
7
257/b Aug
53% May
29% May
44 % Jan
21
Feb
24
26% Jan
35
47
37
Jan
4
43
4
22% Jan
6-
Lees. (James)
95% Apr
11% Jan
7
10
40% Jan
24
Oct
42
Mar
May
21%
Dec
26% May
90
Dec
99
10
Feb
13%-May
30% Mar
l7/a
8%
37
4
Jun
Jan
4% July
26 y4 July
5%
Jan
Feb
56
2
31
Feb
May
May
8% Feb
21
8ys
Dec
12
16%
Feb
26%
Jun
56 y2
Jun
44% Jan
Nov
10%
Apr
38 y2
Jan
91
Jan
10
20% Feb 25
Dec
8
31 y2 Mar
82
Mar
157
Oct
33
Nov
34% Jan
170
Feb
20
Leriier
5'
Apr
175% Apr
41
8
Feb
24
Apr
10% Jan
58
Feb
24
66% Jan
28%
Feb
55 >/2
Jun
40
Feb
8
467/a Jan
22
15 y2
Dec
23%
Jan
14% Feb
15
y4
17
7
Jan.
Link: Belt
Lion
7
Dec
85
Jun
73%. Mar 28
78
Jan
27
13%
Jan
24%
Jun
16% Feb
5
22% Apr,
5
14 %
Dec
20% May
14% Jan
3
17
63% Jan
5
67:% Jan 21-
68
Feb
68%, Jun
Nov
30%. July
19 j/4 Feb
7
23.
18
Feb
21%
19%, Jan
3-
22,% Mar 31
138
Nov
23
Nov
25..
37
Dec
50
Feb
35%.May
98% July
158
Sep
153
Jun
Jan
23% Jan
Mar
27
4;
35% Feb
25
2
20
91
Dec
17
Nov
24%
21
Jan.
16% Feb
Jan
,
.
14
24,,
Jan -24
98
Mar 23
95
Mar 28,
,
!
8
24
23»/4
24
500
42%
42%«
42%
200
*18%..,
19
18%
18%
800
18%
95%
*93%
95%
95 %
95%
*94%
10 y2
10%
10%
10%
10%
10%,
10%
8,800
38%
38%
38%
38,%,
38V2
*38%
39
39
39
39
39
1,000
\
4%
4%
*93%
4%
.
4%
4%
4%
4%
2'%
2%
2VB
2%,
?'/«
2%
18%
18%
187/a
18%,
18%
18%
6%
47
6j/2
6%
*6%
47%
47%:
6V2
47%
6%
8%
2,300
2 Vb
2,300
18%
18%
; 6%,
1,000
6%
1,100
47 Va
5,100
9'/a
47
47
47
4 V2
2.
t
18 %
*6V2
47%,
47
2 VB
2
18 %
10
97
4 Va,
4%
4%.
2%
19%
1,100
9%
9%
*9%
9%
9%
9ye
23 %
23%
*23%
23%
237/b
237/a
23%
23% I
23%
23%,
23%
23%
800
50%
50%
50%
51
50%
50%
50%
50%,
50%
50%
2,000
8%
8%
8%
8%.
8%
8%
5,900
*50%
t
51
8%
:__5
8%
*37
,
25
37%
37 %
81%
81 %
8.%,
175%
*38%
*37V2
;
40
45
45%
3,900
15 %
1&'/B
15%
1,200
76
74
74
22%
16%
21%
10%
21%
16%
i5y4
75%
*74
*74
21%
21%
21%
16%
17
16%
65
"64
9VB
9%,
*65%
4,600
800
100
76
*73,
76
*73
9y8,
9
21 %.
21%
2lVa
16%
16%
,16%,
21%
17
14,200
7,900
.
65
65
1,300
64%
64%
64%
64%;
64%
64%
65
65
22
22%
22%
22%
22%
22%
22
22%
22
22
1,500
22
22
22
22
22%,
22 y8,
21%
22
21%.
22;
3,800
155
*154
155
*l0t>*/2
107
"22
22 "
21%
*154
.
*25%
26%
*36
36%
«'
45%
15%,
46
15,
16%
22%
26%
*36
22%
155
20%
22%
*9(7 %
98
21%
*12%
13%
*12%
*33 y4
34%
*134% 138
*134%
*97
23
26%
26%
36
36%
22%
20%,
22%
97
98
20%
•97%
*97
20%
20
22%
1,300
38%
21%
22i/4
1,700
2,700
98
*97'
98
.
26V4
36%,
22%
■
'
"26
36%
36%.
30
*155%, 157
26%
*26
*20
22%
22%.
*97
2U%.
15-7
*155%
26%
36%
36 y«.
98
20%
156
*26-
36%
*20%
a
45
15%.
44%
15%
21%
10
45%
15%
45%
15
16%
A_—1——100
45%
44%
21%
;
65
9%,
9%.
*38%
39
39
39
9%
1
1
65
15%
*38
76
400
41
40
65 y2
45
*74
10;000
20
175%
40
65%
44%
500
81 Va
*175
9%
65%
64%
1
,3.7%
81%
811/2
175 Va
65
39%
9%
•
37%
80%
*175
175%,'
81/4,
*37»/4
66
9%
9%
64%
i * 14%
*175,
'
8%
*37
80%
80%
64%
9%
64'%
/;
81
>174%;; 175 y8.-
9
9%
*9
37%
37%
37%
80%
175 %
9%
9
8%
37
81%
175%
5
—No par
'
37%
81%
*175%
..
,_ioo
No par
No par
series
Qo
Steel
43%
*23%
*42
19
19
No par
pfd
4%%
Lukens
*43 Va
24%
42%
10%.
2
,
Lowenstein iM)& Sous- IhcVcom—1
•
43%
*23%
*41%
10%
6%
-Louisville- Gas & ElecCo (Ky). Napar
Lousville. &
Nashville.....
.50
21.% Mar 30
*43 Vb
43%
24
42%
24
*41%,
95%
4 %
Lonq Star Cement Corp——_Nd par
Long: Bell .Lumber (Md) A._No par
(P) Go common
—110
7% preferred
—100
11
400
10%
7
lnc
10 «/4
*93%
.
*18%
5
Co.__;_
*10Va
10%
Lorillard
•
Mar, 14
41% Jan
Oil
1,400
10%
95 %
,
No par
_
100
19%
*5.
*38%
Liquid Carbonic Corp. com—No par
3% Vo
conv, preferred
.1001
Loew's
"
-.
CO—
5%
19%
5'%
19%
10 ~8
*93%
47%
com
*43 Va
17,300
6%
6%
>
*10
10%
43%
6%
19%
*5
19
*6%
Lockheed Aircraft Corp.
Jan. 20
158.
28'
Nov
May
•
Mar 30
xl8
57 y2
19%
No par
____
10
34% Feb. 16
May
13%
*19
471/4
Stores. Corp.
1'(o preferred
Lily Tunp Cup Corp_+
Lima-Hamilton Corp,
8
Jun
70 y4 May
47
Nov
19%
1
Life Savers Corp
Liggett & Myers Tobacco
1
55 % Mar
8%
*19
10 %
6%
5'A
19%
10%
*43%
24%
6%
5%,
19%
5y4.
*10
42
6%
6%
19%
■
19%
43%
24%
42
No par
Libbey, Owens Ford Glass
Libby McNeill
&
Libby
1
88% Jan 22
5
pfd
(The)
Lehn <fe Fink Products.
37% Apr.
10
14
2nd
non-cum
Lehman... Corp
8% Mar 30
3
80% Apr
174%, Mar
51
50c
*43%
24%
42
3
& Sons# Co com/:.
30,
Jan
x24% Mar
4
7% Mdr
12
10V4
*24
-
22
10%
43%
*43%
6%,
*5
19%
10%
*10
$3, r.on-cum 1st preferred—No par
8% Jan
14
67/8
5V4
19%
*41%
8
7;
6%
*5
19%
5
._
Tire
12
47% Jan
6% Mar 25
43 y2
Co
Rubber &
Jan
3
25
42% Feb
Lee
6%
5%
19%
3.85% cumulative preferred—_100
Lehigh Coal St, Navigation Co—10
Lehigh Portland
Cement
25
Lehigh Valley. RR
__50
Lehigh, Valley Coal com——
1
5% Jan
Mar 15
r
18'% Mar 23
10%, May
41%
Jan
Lane-Weils
Mar 21
6%
<-5
No par
50
!
1
24% Jan
90% Jan 2010,
Mar 4
Dec
39
4% Mar
18% Mar
Jun
19% Mar
.
Light Co
—4
pfd—75, Pesos Mex
(The).
—Nopar
6%
Co
60
'
19%
18%
20 Va
L700
'
'•
'
:
|
12% Apr
31% Feo* 26
x35y4
Dec
40
Jan
129
'
14% Mar
7
Oct
142
Feb
15
'M & M Wood Working Cou—
9
36% Jan
i Mac Andrews
3
Forbes
&
Com_i—__ 10
;
131
Jan
137
10
1
Feb »: 4
15% Jan
10
30%. Feb
11
33% Jan
6
94%
Dec
103 »/2
Jun
95% Jan
6
100 %. Apr
10
Nov
15%
Apr
10% Jan
3
13%
Dec
27%
30% Mar
.
12% Mar 16
Jun
39% May
13
6
22':
'
Xl6%
9y4
Feb
490
15% Apr
24% May
21
Dec
Feb
Dec
525
Sep
13%
Jun
Dec
26
Jan'
5%
Feb
14%
Jun
7
18% Mar
6%
6% Feb
Dec
6'/2Jan
May
8
15
Feb
17%
22 ye
Dec
92%
Dec
103%
9%
Nov
22%
19%
Copper1 —————_—___10
*15%
Bros
:
Shirt
Maracaibo Oil Exploration
Marathon
Corp
Midland
St
)
6.25
Corp1—
-
_5
9% Feb
7
11% Jan;
7
13% Jan.
7
MartimFarry Corp
Jan <
7
103% Feb
14
Ry
6%
'
*31%
31%
100%
100%
11%
*10%
15%
15%
15%
15%
15%
,11%
,11
15%
vn%
11%
12
11%
485
*462%
7%,
*7%
,
9
8
9
20%
8%
20%
*7
8
9%,
20%
8,900
*7
7%
7
17 %
I71/4.
8%
9%
20%
20%
7%
7%
7%
7%
7%
7»/4
16%
*16%
16%
16%
16%
♦16%
16%
*18%
22%
22%
22%
22%
22%
22%
22%
22 Va
22 Va
22 Vb
102 y2
71/4
7.1/8
*16%
102%
102%
102%'
*101
*101
102%
*101
102%
7J/a
7%;
500
11,900
1,300
8%
20 %
8%
20
16%
7%.
2,000
7%
,
1
17%
17%
9%
20%,
20
9
*20
3,400
11%
485
11 y4
8
*7
18
*17%
18
100
400
15%
*402%
7
1
1,100
11
.
15%;
485
*462%
r
7
7
8
'"*17%
485
*462%
,
7Vs
*7
17%
11%
11%
11 %>
485
7%
9%
17%
20
7%
7,100
101
*99,
1.1%
15%
13
31
31%
102
*10%
100'
800
31V4
12%
13 Va
13
3'1%;
*99
11%.
*462%
8
*101
—
31%
100 Va,
12%
11%
17%
8%
19%
TVs
*16%
22%
12%
31
*99
11 y4
7%
17%
13 Vs
13 %
31%
...
*1341/2, 138
138,
*134%
32
32-
32
138
12%
*12
12 %•
12%,
33
32%,.
*134%
138-
15%
485
*7%
13%
13
*12%
13%
33%/
32%
134 Va
*10%
12,
12
*12%
138
100 Vb
30%
oqq
16
*7
^_l
——
Marine
Market
31
*462%
t
Nop^r
10 % Feb' 11
Jan
.
-_i—5
5
24
Apr
Dec
11%
95% Jan
Jun
11%
*99'/4
J *10%
Mandel
20
13%
13%
31
prior pfd
160
Marshall Field & Co com—rNo.par
4%% preferred
_1—
100
Martin (ulejnn L)
Co_——_l
17% Jan
21 % Feb; 24
-
13%
>
13%
33
101%
'Manhattan
7
7% Mar 30
13
16 % Mar 18
29% May
Sep
12
Mar
9% Apr • 4
21% Jan 10
10
19% Jan 25
25 y4 May
20
18'
_5
s.__
Magna vox
Co
(The)—————1
Mahoning Coal RR Co^__—^__j_50
Manati Sugar Co
—1
12
8% Jan
16% Jan 10
Inc
Trucks
ioo
—^
Macy (B H) Gd Inc com^
No par
4% '/o pf4 series A_,__^_—_100
Madison
Square Garden^—lNo par
Magma
3
Jan
7% Jan
24
Mar 25
7
Dec
15%
500,
Feb, 25
6% Feb
10
Jan
19% Jan;
10% Mar 23
450
Apr
10%
67/a: Nov
205
1
preferred
Mack
*
Jan
6%
*101
4,000-
16%
30
22%
,
1,700
102%
20
10,100
11
11%
10%
11
48
48
1,800
1,300
14
1,300
10%
10%
10%
10%
10%
10%
10%
11%
10%
11 Va
>12%
12%
12
12%
11%
11%
11%
11%
11%
*49 %
50%
49%
49%
49%
12
49%
49...
49
48
*14%
15%,,;,
14% "14%
14%
14%
14%
14%
14
14%
14
36 V4
36%
173%
'
47%
Feb
69% July
47% Feb
11
57% Jan
7
18
Dec
27 y4 May
13
Feb
21
19% Jan
7
Master
42
2
Matliieson
27%
Feb
45
176
34 % Mar 23
Oct
Nov
X165
Masonite
Jan
Feb
170
15
47%
Apr
16
93
Jun
89
Jan
4
Feb
93
Jun
89
Jan
11
94% Mar 22
93% Mar 29
77% Aug
8% Dec
85
Jan
80
Feb
23
83% Mar 28
12% May
8
Feb
24
84
33
Dec
110
Apr
21
43%
31% Mar
Jan
112
9% Jan
19% Mar 22
Jan
11
.
Maytag
$3
Mar 31,
112
25
--Jan
Co
Year 1948
preferred
,
1st
$.6
McCall
10
Corp
88
Nov
42%
23% Mar
41
24
May
52% May
Dec
87
Jan
Feb
24%
Dec
24%
97V2 Mar
McGraw
28 y4
3
11
16% Feb
,"■>
4
12
8
Apr
53 % Apr
3
.
Jan
46% May
30 y» Mar 11
34
Jan
25
20% Jan
3
Dec
19% May
11
Feb
24
13% Jan
Dec
62% May
45
Feb
11
49
Jan
18%
8%, NOV
>44%-Feb
-
17% Feb
135%, Dec
92
>38% Feb
35
Mar
*
>11
'
;
Dec
NOV
9y* Mar
;
,
92% Jan
20
,
19%-May
69% May
51%* Dec
JUn
May
14
20y4Apr
4
34% Mar 28 >
97% Jam
106% Jan
4
40y». Feb-
7
,
Feb
8% Mar 23'
July
May
87
54'/2 Mar
78
May
Jun
43»/2 Feb
104
18% July
Mar
Jan
11 >/e Feb
10
42%
80 i
Feb
Feb
19
Mar31
25
7% Mar
9% July
4%-Feb
2
25
;
7
x33 y4
Dec
44
Jan
29% Feb 16
35 ;
Jan
20
9
Feb
15 Vb
Jun
x9"% Feb,25
11 % Jan
8
2iy4Jan
24
22%
Dec
For
29% July
footnotes
«ee
page
24
4
■
Apr
.
5
53%
3,700
26%
26 %
26%
52
53-
51%
52%
32%
51%
32-
95 Vb
'*21%
21%
21%
21%
21%
21%
100
21 »/4
10
*1-6%
17%
16%
16%
16%
16%
21%
*20%
21%
1,400
16%/
21%
16%
21%
*16V2
16%
10%
16%
1,000
2,500
16%
16%
10%
16%
75%
75%
*75i/4
34
33y2
22
21%
33%
21%
-■
16%
16%
76%
*33
Mengel
Co
Mercantile
11%
Co>
common—_i
$3.50 preferred
*7%
Steel
preferred^...
10O
Minneap- & St Louis Ry_lNo par
Minn* St P & SS Marie.——No'par
Minn-Honeywell Regul com
.3
3.20% conv pfd series A_„__ 100
Minn Min & Mfg common..LNo par
$4 preferred.
Li
..Nopar
Minn, Moline Power Impl» com—--1
$5.50 1st preferred-.—100
$1.50' 2nd preferred—ii_—i_25
Corp
7%
Mohawk
Mojud
RR
preferred
Carpet
Hosiery
Monarch
com—
series A
Mills^...
Co Inc
Machine
Tool.
58%.
*89%
20%
21%.
V
35.
35
*99%
100
100-
12%
-
12%
12%
da..k
;
di
*47%
4-3%
-
47
48 %
<
132'/a
*131
132
w
"
12%
*12
%
'
9
•
16%
12 Va
«•
9
9
11%
*11%
*45
46
14.%
8.
*7 Va
59%<
21%
35%
447/8.
12 Yn
8%
75%
18%
*18%
47'
11%,
9
90%,-
*18
*47
132
49%
12%
.-44 V*.
47%
75%
*73
12%
132
49%
12%
.
;•
y
91
74%
7%
58 ya
«!90fe
22%
♦34%'
35
QO
QQ
.
-
■
-f
105
1091%
11%
12Ve
44%.
46V8
11%.
11%
8%
:
44%
47
*
132
47
1,500
48'/4
9Va
48%
92 »/4
92%
-74%
74%
87/a
8%
48%
49
91%
92
74%
74%
104%
*104J/a
104 VB.
120
1,500
87/a
487/b
12%
12%
12%
12 VB
12%.
12 ya
74
72
73
72.%
72%
721/2
105
12%
731/4
590
18%
*17%
18%
181/2
18%
18%
18%
47%
47%
47%
47%
47%
48
48%
48
48 >/2
3,800
8%
8%
8%
8%
8V4
8%
5*900
23%
5
24%
18,200
*29V2
30%
500
10%
,600
18%
*18
4%.
43/4
47/b-
4%
4%
24%
24%
25
24%.
24%.
24%
24%
23%
24%
30 %
30 y2
*30%
31
30%
30 %.
30%
30%
30
30
*10%
11%
*10%
11%
11V4
11%
11%
11
11 »/4
10%
23%
*23
No par
"
*23
.
23%
5
23%
70
73%
24%
5
600
72%
..20
..1.25
4%
360
4,700
_5
Nopar
100
<
1,700
12 VB
8%
8%
105.
~
12
46%
-
v
*104
46%
:
400
47
11%
11%
74%
6;300*
I33y4
11%
91%
50
2,500,
44%
*132%
11%
74%
160
12.
.
*4«I/2
132
91%
500
99
43%
47%,
5,500
1001%
11%
132
5,900
22%
.
98%
'*8%
.
58
92-
-
*34%>| 35
*108%
47%
200
7%
57%
92
23
22%-
48%
74%
*104>/2
105
1,100
8,
12%
8%
49 %
91
170
14
109%
132"
9
2,400
47
*13%
44%
44%,
12%,
11%
11%
*44
12.%
;;
47%
4,400
*106%
•*108V2
132
21%
14-,
*90%
99
99^- *
12%!
49
-
92
99 %
*108% 109%
90%
74
> .35%
99%
12%.,
75J/2
12V'2i
*35-
21%
47
57 %s
5ft%
21% ; 217/b
35 <■ 35
•
500
33
*7%
8
»*89%
21,Vt
11%
40
75%
33
13%
*44
14V4,
),58%
92
Hi/2
11%
45
*7%
;
59%
20%
100 y2
49%
*72%
7%.
59
>
11%
45
*13%
14
*89%
92-
91%
104 Vb
22
13%
75%
*
21%
117/b
46
*90%
105
16%
"21%
>49%-
*104%
:
22
108%, 109
110-.
*109
_i„„10
Development Co__
Mo-Kan-Texas
*7%.
92
21%.
*34%
*14
58%
*89-%'
•
Petroleumvi-i.10
Prod <comu._iNo.par
1st
*45
-
8
58%
,-1
_No par
^
11%
12
47
-
>14% " 14 VB
Inc—.3%
Transp Ch——No par
Merck & Co Inc,
22
22
*45%
Stores
Mln
Si
^1
Common..
16%.
16 VB
21%
preferred........50
(The)
1st
1,800
32
*93
'
1
Co__l
53%
31%
10
95i/2
*93
95%
*93-
32
317/a
32%
32%
,
95%
*93,
53
52Va
52
32
32%
95
*75%
Mar is
257/a Mar 30
53
26ya
16%
Jan
15% Feb 25
53
27
76 %
9'
July
28%
27
33%
6
34
27
27'
33 Va
Mission
Feb
26'/2
27
*75%
Mission
13%
261/2
1,500
3,500
34»/4
76 %
6
54% Jan
11
'
y
4-
Feb
15 :
14% Jan
25
16% Feb 24
Jun
8
Mar 11
105% Mar 16
4
69% Mar. 28
73%
12
77
35.
35
95
1,300
96»/2
341/2
*96%
34%
32 %
Shhres
96%
98
35 V4
95
share
the Week
34%
*96 %
35%
98
S per
;
98
*96%
35
317/b.
Salea for
Friday
Apr. 8,
31%
98
32
900
31%
34%
*94
21%
31%
35%
i5
,30
21Va
33 Va
&%-
23
92 y4 Apr
7
per-share
31%
31%
98
par
500
32
111%
75 Va
Midland
50% Mar 29
66% Jan 21
Apr
$
Sper share
31%
*34 Va
*96
3,700
110 %
*30%
Mid-Continent
Jan
>
Apr. 7
*96
Metropolitan, Edison 3.90^ pfd. 100
4.35 %
preferred series———100
Miami
Copper'.
—5
3
12*
31%
31%
31%
*
76%
47% Jan * 7
12% Jan
23
$ per share-
31 %
Thursday
Apr. 6
31%
Napar
'
-11
Wednesday
$ per share
$ per share
21 Va
~6D
8
8
HIGH SALE PRICES
Tuesday
Apr. 5
Apr. 4
111%
21%
21%
21%
;
33
*110%
111%
*31
& Scott—.No par
Mesta..-MachineCo._ii..—^5
8
139% Mar
21%
21%
8
33%
49%. Mar 30
3
56%
Feb
22
Monday
Saturday
^
Merritt-Chapman
Mar 14.
14% Jan
5
Jan-
Jan
130
98
42%
*21%
22%
84
*31%
32
32
*110%
110%
93
*83
2,300
94%
*91%
84
8%
8
32
110%
*93
92'%
8
84
3,500
40
*83
92 »/a
*83
.
8 y4
32
111
94V4
92
*93
*91%
84
8
33%
*110%
*93
94%
16%
•
110% Feb 24
._
11%. Feb 23
41\
.
38% Jan 26
102
3
Nov
105 y4
*32
111
*39%
92V4;.
*83
8 3/a
40 Va
*30%
Merch
19
23 y2 Jan
Nov
'10% Mar
,
65% Mar 15,
3
16
34
8%
40
*75%
5%. conv
20
3
42 %
Oct
-
20
Jan
87
98 y2
14% Jan
8% Jan
90
140
-
.
*171%
No par
22
56% Jan
Jun
27%.Jun
.106% Dec, *
Feb
128
7
7 % Mar 21
'
50% May
104% May
101% Nov
13
13% Jan
.
44%. Jun
*•
8%
*32
4y4%
8
Jan
63 % July.
.J
Nov
*
Jun
.
95%
-85% Nov
84
40%
173%
♦40%
94%
40
36%
*171Va
pfd (1st series)—
100
4% 2nd pfd (2nd series)——50
Melville Shoe Corp..
1
22% Mar 10
Jun
preferred
McQuay Norris Mfg Oo__
Mead Corp common—
12
.
11 y«
12%
*83
Robbins Inc com—18
McLellan-Stores
15
Feb
47
-
84
40%
37%
173%
37
*171%
100
&
$4
22 y4 Mar 30
13
Dec
92
*110-%
*21%
___1
—
Publishing,.
No
Porcupine Mines-..
19
17% Ma r 11
14% Mar 21
Jun
Electric Co
Mclntyre
8
34% Mar 10
97
Jan
Dec
*93
92%
49
36%
1
McKesson
8
17% Jan
20%
v
•
82
31%
94%
*91%
Apr. 'i
McGraw-Hill
24
9
10
96%
*93
92%
*83
*8
,
37%
173%
LOW AND
>
STOCK
McCrory Stores Corp com
3V2% conv preferred
36% Mar 30
19% Feb
23% May
Dec
'
80% Mar
40%
40%
Par
17
7
93% Jan
Jan
.15
40%
94%
EXCHANGE
4
30% Jan
Jun,
15%
Feb
41% Jan
35% May
98% Jun
18%
Jan
33y4 Mar
31
Dec
29%
90
33 % Feb
37
*171%
*93
*91%
No par
$ per share
$ per share
Jan
YORK
NEW
.
Highest
30% Mar 23
36 y2 May
101% Jun
Jan
29
Lowest
$ per share
Feb
37%
173%
*171
*40%
No par
—
37%
173%
*171
preference—No par
No par
cum
37%
37%
No par
STOCKS
Range Since Jan. 1/
-
Highest'
$ per share-
25
Corp
common.
Range for Previous
Lowest
1
$3.75 cum pfd 1947 series—No par
$3.40 cum pfd
No par
7
35% Jan
8
5
Jan
110
Jan
41 y2
Dec
,
38% Feb
Co——;
Chemical
preferred
100
May Dept Stores common
5
$3.75 preferred —
—No par
'
84 y4 Mar
Electric
7%
173% Mar 14
41% Mar 21
35% Mar
Corp
'
Feb
—_Nopar
_,No par
5
r
23%
47/b
*10%
24
24
24,
.
24
8%
23%
8%
8% '
4%
24
1,900
3,900
400
20
(1576)
COMMERCIAL
THE
NEW
Range for Previa**
45 Va
Lowest
$ pershare
Nov
105% Mar
Dec
10%
47% Mar
45% Jan
65
4
Feb
8
111% Mar 29
Apr
Oct
107
Feb
11
111% Jan
13
10
Jan
4
11% Apr
6
52
Jan
3
10% Jan
3
10
Dec
17% May
Nov
27
11%
Jan
.21% Jan
Monsanto
u.
13% Apr
31
23
Jan
21% Dec
16% Feb
11
20% Jan
20% Feb
25
25% Jan
7
18
Feb
25
14% Apr
8
Morrell
20
29% May
Dec
23
May
15%
Dec
24
Jun
Nov
10
Dec
16% Oct
12
Feb
14% Oct
10
Jan
Jan
112
Jun
Sep
17
Jan
34
Dec
43
Jun
50
Dec
55% Jan
>45
May
110
Jan
Wheel
7
11
13% Jan
6
32% Mar 18
34% Jan
13
48
51
Mar 18
Brass
4%%
112% Mar 17
53%
53%
54
Sper share
54%
the Week
share
Shares
54%
5,600
54
54
*103
112
*108
112
*108
112
*108
112
No par
*110
111
*110
111
*110
111%
*110
111%
*110
111%
*108%
111%
5
11
11
*11
11%
11%
11%
11%
11%
11 %
11%
11%
11%
1,900
55%
55%
55%
56%
55%
56%
56%
56%
55%
56%
55%
55%
12,500
13
13
13
13
12%
13
13
13%
13
13
13
13%
5,403
22
22
*21%
22
21%
Co
No par
5
Co
No par
22%
*21%
x22
22%
53%
i
*21 %
22
1,300
17%
17%
17
17%
17%
17%
17%
17%
17%
17%
17%
17%
3,500
No par
*2,1%
22%
22%
22%
21%
21%
21%
21%
21%
21%
*21%
21%
5
*18%
19%
19
19
19
19
,1
Corp
Corp
15%
15%
15%
15%
15
15%
12%
Co
Mfg Corp_
Munsingwear Inc
Murphy Co. (G C)
7
25
54%
for
Sales
Apr. 8
$ per
112
Mullins
Jan
42% Jan
5
11% Feb
Motor
Mueller
11
Apr. 1
$ per share
3
8
14% Jan
28
S per share
share
Friday
Thursday
Apr. 6
*107
Products
19% Mar 30
17
12%
Feb
54%
Wednesday
112
Lines—
&
54
•
*108
Inc
Motor
17% Jan
3
38% Feb
33%
107%
(John)
Motorola
53%
PRICES
SALE
Apr. 5
A—No par
Utilities
Moore-McCormack
f per
HIGH
Tuesday
Apr. 4
tper share
5
com
Montgomery Ward & Co
7
Jan
Co
preferred series
preferred series B
Montana-Dakota
6
19
Chemical
$3.25
$4
'59% Mar 29
20% Jan
13%
LOW AND
Par
55% Mar 30
103
20
Monday
Apr. 2
$ per share
May
112%
Saturday
Monday, April 11, 1949
RECORD
EXCHANGE
May
122
CHRONICLE
STOCK
STOCK
YORK
NEW
Highest
t per share
61% May
99 y< Dec
9%
Range Since Jan. 1
Highest
I per share
YORK
FINANCIAL
STOCKS
Year 191H'
Lowest
&
1
12%
12%
-
*18% ...19
15%
21%
900
19
19
18%
18%
700
14%
15%
15
14%
14%
2,300
12%
2,800
12%
12%
12%
12%
5
10%
10%
10%
10%
*10%
10%
10%
10%
*10%
10%
*
10 %
10%
700
1
41%
41%
41%
41%
41%
41%
*41%
41%
41%
41%
*41%
41 %
3,700
100
*111%
112%
111%
111%
112%
112%
112%
111%
111%
70
12%
2,200
common
preferred
Jan
8
Murray Corp of America
4% preferred
Myers (F E) & Bros
7
Nash-Kelvinator
12%
10
13'A
13%
50
com
*31%
33%
*49
50%
No par
13
*112
13%
12%
*112
112%
13%
13%
13%
12%
12%
13%
12%
*31
33~
*31%
33
*31%
33%
*32'A
33
49
49
12%
32%
*31%
*48
50%
*48
50%
*48
50%
*48
49
100
13
8.900
13%
N
14% Mar
21%
Jun
12% Feb
20
15% Jan
Feb
32%
Sep
23 y« Jan
28
Jan
18
Dec
29
Jan
19
Jan
23
Mar 29
10% May
5
Jan
9% Apr
4
National Airlines
13% July
17% Mar
9% Feb
11% Jan
7
National Automotive
4
National Aviation
4%
Sep
8%
Feb
9%
29
Nov
Mar
26%
162%
July
32% Oct
Oct
5%
175 y8
Nov
32%
Dec
6
5% Feb
Jan
178
8
6% Mar
7
Jan
7%
27
7% Mar 29
National
Can
3
National
Mar 18
6%
6%
67A
7%
7'A
6,300
34%
34%
34%
34%
34'A
347A
34%
34%
5,400
7%
7%
7%
7 Vs
7'A
7%
7%
7%
7'A
7%
8,100
7
"
7
7%
11%
11%
11%
11%
11%
11
11
10%
11
29%
29%
29'A
29%
29 Ye
13% Feb
29%
29
May
29%
14
15Vs Jan
24
National
22% May
*14'A
14%
14JA
14%
*14'A
14%
*14'A
14%
*14%
14%
17% Feb
7
19% Mar 30
National
Distillers
18'A
18%
18%
19%
18%
19
18 7A
12
19%
xl8%
18%
3
14'/a Feb
Nat
12%
12%
12%
12%
12%
12 Va
12%
12%
12%
Dec
Jan
25
177
Jun
169% Jan
4
177% Feb
4
148% Mar
147%
13% Feb
Apr
5%
Dec
7%
Feb
24%
135
Feb
15%
Jun
Dec
Nov
1fi% Jan
8
.
Jan
5% Mar 10
16% Mar
7
$4.50
Lead
Co
preferred A
preferred B__„_
100
National Linen Service Corp
1
Natl Malleable & Steel Cast-No par
Natl Power & Lt ex-dist
Nopal
1
Jan
May
19 V, Jan
Oct
76 Va Apr
25% Jan
21 y, Feb
28-
23% Mar 28
National Sugar
25% July
15% Feb
11
19
Jan
7
86
Jan
24
National Supply (The)
4%% preferred™
114%
Nov
Nov
80% Nov
94
% Mar
Jan
8
U Jan
21
22'
4
82% Mar 23
Jan
10
91% Jan
8
.
7
National
Shares
National Steel
21
Nov
10%
30% May
21VsJan
4
Dec
27% Apr
6
National
10% Jan
9% Jan
3
11% Apr
8
Natl
2
9%
Nov
15% May
12 V, jan
9
Nov
19% Jan
Nov
19
Feb
x27% Mar
Nov
4
11% Apr
13% Mar 30
Nehi
14% Mar 17
xl01% Jan
12
May
98%
29
Jan
3
8Va Jan
3
99
Aug
94
July
46
Mar
Feb
64
12%
Dec
70
Nov
26% May
90'/a Jun
Feb
Nov
34%
9% Feb
Dec
Feb
97% Feb
New
8
72% Jan
27
25
33% Apr
33% Jan
12
13% Jan
7
1
10% Feb
24
68 V2 Feb
24
81
Jan
124% Mar 29
140
Jan
"
14%
Feb
9
21
33% Jan
85%
85%
85%
26%
27%
27
27
11%
11%
11%
11%
11
11%
Jan
22
15% Feb 25
19% Apr
7
86
90
Nov
39% July
27'A Mar 23
96
jun
14%
91% Jan
Feb
19%
Oct
4
-
88
Jun
Jan
3
Jan
<•
Highest
I
Dec
tier
.
'bare
.
Range Since Jan.
Lowest
11 'A
12%
12%
$ per share
18% Feb
14
13%
30
*29%
100
*98%
99%
*98%
36%
23'A Jan
3
50 y, Feb
24
Jan
10
14
Jan
3
28
Mar 24
Dec
Feb
62Nov
25
Aug
59 % Jan
10
28%
Jan
26
14% Mar
7
28% Jan
20
jun
15% Jan
3
19
9 y, Feb
5
11% Jan
7
Feb
13% May
Mar
Apr \ 7
N
Y
Chic
6%
&
Louis Co
St
$5
N
Dock
non-cum
Y
&
N Y New
RR
Haven
Preferred
N Y Power
100
preferred
Harlem
&
5%
&
49
10%
10 Va
$3.75
Elec
&
100
pfd_100
Gas Corp—
NEW YORK
Noblltt-Sparks
Noma
Industries
Nopco
107% Feb
15
8% Feb
11
American
North
1
33%
Jan
3%
Dec
16% Feb
33 V, Jan
7'/a May
24
19
Feb
11
36
Jan
2% Mar 22
14% Jun
11 y. Mar
Mar 22
2
7
.
American
48
10
10'A
*68 ft
ft; 33 %
33%
$3.60
'■..■■ft
4.6%
Tire
&
Pharmacal
75%
1,500
*125»A
126%
73%
*73%
*125 %
127%
*125'A
12
12
126
126
55%
12%
12%
12%
<
13%
*20 y4
-
22%
22 Va
*20 %
22%
ft
126 '/a
69'A
"lS'A
13
13'A
*2oy4
12%
5,900
100
12%
22 VB
*20'A
22%
7%
7%
■•ft* 28%
94
18%
2,600
'ft
-
'
57
*52
57
*52
57
*52
57
235
*52%
*220
235
28%
*88%
89
*88%
*220
235
*220
235
*220
235
8
'7
7%
*77/B
28%
*28 %
28%
28
28'A
28'/a
28%
937/«r
94
*93%
94
93
94
93 %
93%
340
18%
18%
19
19%
18%
19%
19
19%
2,300
89
88
OO CO
88%
88
88'A
360
18%
*19
19%
18'A
10%
*82
ft1
7%
S per
20
9%
*19
9%
7%
8
8%
2,700
2,400
share
*19%
9%
9%
9
*26%
27%
27
52%
52%
52 Vx
52%
28
28
28
28
18%
18%
18%
52'A
52%
27%
27%
18V8
18%
18 y8
11
10%
11
10%
83
82%
82%
33'A
33%
33%
33%
32%
33 %
IB
%
u
%
U
15'A
15%
'15%
15%
15%
15%
10
10
10
10
10»/8
87%
87
*82
83
*82
U
%
15
15%
14%
10
10%
18%
18%
17 Va
18%
17
34%
34%
35
35
*34,A
35
35
-
10
17 %
18%
2%
3%
2%
2%
3
11 %
12%
12%
12%
12
87%
*108%
*34%
3%
3'A
*12
12
%
14%
ft ft.1;
9%
87%
109
33 V,
ih
15
10%
*
20
26,400
110,000
7,400
23,000
9
750
87
108%
90
9%
108'A
10,700
16%
17
35
3%
12%
8,900
ft
10 '/a
*34%
35
19,900
15%
'
86%
87%
109
ft
.ft'
83
32 y8
U
2,000
2 000
i
10%
10*A
*82
ft
33
9
18%
*
10%
83
32%
10%
18'A
*34»A
18%
9%
*18
3
52%
27%
18%
87%
10
12%
51%
27%
108'A
10%
400
19
10%
10
3
10%
*82
400
3,800
28>A
87%
10%
*11%-
18%
Shares
9
52%
*27%
10
ft
the Week
27
9
*
*26%
33%
%
%8ales for
share
19%
19'A
9%
108'A
10
2.50
19%
87%
108%
10
No par
10%
83
32% ;
$ per
27
52
•
Friday
Apr. 8
108%
88
*108%
19%
9%
18%
108%
19%
27%
28
j.
Apr. 7
9%
53
10
Thursday
S per share
t per share
*26%
27
10%
PRICES
Apr. 6
20
27
10%
0
88%
Wednesday
Apr. 5
S per share
9%
OO OO
AND HIGH SALE
Apr. 4
*19
4$
88%
Tuetday
Monday,
S per share
*87 Vs
Co
73%
73%
50
Rubber
74
74'A
7%
*108'A
Telegraph
Norwalk
18,000
73%
25
Norwich
11%
74%"
*52 %t
No par
Northwestern
11%
11%
*220
No par
common
11
909
11%
11%
93%
27'A
100
10
29%
11%
28
*52'A
No par
4% Jan
29%
11%
(Minn)—
12% Jan
29%
11%
JK
preferred
33%
:
*20%
27
10
Ry
Inc
69%
33
12
ft
2,600
29%
29%
127%
—
1.400
!
*68
,33%
94
93/8
50
Co
preferred
j69'A
33%
28'A
*26'A
1
Co
Common
$4.80 preferred
Northwest Airlines
*68
69%
11%
8
28'A
*93%
10
Aviation
Pacific
.
187A
8
!
i
Nortnern
2
4
95
48
10%
5,800
J
28
Co
Rights
4
10% Jan
*93
49
29%
*125 VA
25
Ry com
preferred
Adjustment
North
10% Mar 24
109%
2.50
Norfolk <fc Western
Northern States Pwr Co
Dec
95
33%
127'A
4
27%
17 y. Mar
9%
10%
29%
'"74%
1
Gas
27% May
40 Va
Apr
9 Va
49
29%
LOW
Corp__
Chemical Co
Ry
Nov
800
99% >
*98 y2
'
9 'A
*93
33%
Apr. 2
Electric
Central
Nov
99%'
.ft.
ip%
33%;
73%
*125'A
*68
.
'
Saturday
Par
Natural
16
30
29%
49
29%
-
STOCK
Northern
Feb
1
100
Northern
90
30
400
103
■
preferred
18
8
7
300
13%
95
29%
2
55
State
36'4 Mar 17
86% Apr
3,600
110
13
*102
103
$2%
32%
235
A
69%
*68
69'A
*52
Shipbldg Corp partlc stock
85
10% Mar
*93
49
10%
*220
N Y
1*
109%
95
49
*73
Hart RR CO-100
series
11
Oct
*93
50
Light 3.90%
Jon
Mar
*102
9 Ve
10%
10%
13%
*98 %
51
10%
*12%
9%
95
1,000
11
99%
9
4,390
11%
13%
*98'A
ft
85
27%
11%
12%
29%
10%
No par
Co
Jan
90
9 Va
85
27
ft'
12%
29%
51
32%
100
com
common
% Apr
5
13% Feb 24
7
99 y2
9
17
11
29%
*93
12
31
28
*98%
.'■ft-
29%
18
*13%
103
10'A
11%
81
87/a Feb
29%
,
13%-
*102
103
17
13
13%
52
No par
jun
Jun
*22%
11%
*12%
ft
14
*102
9%
9
*11
12% ft;
*13%
103
,
95
Central
36% Jun
7/8 Apr
17% Jan
18%
*93
*10'A
York
93
Aug
*102
9>/8
New
Brake—
82% Mar
Dec
17%
52
■/
1
common
25%
Feb
*9
;
30
20
17%
Jan
23%
18%
'ft' ft 12%
99%
System
$ per share
16
.
30
103
EXCHANGE
8% Mar 17
11%
*29'A
*102
*29'A
'
55
Jan
ny8
common_No par
100
*68
1
23
*22%
23'A.,
18%
13%
No par
14
21
*22%
12%
*13%
(J J)
Industries
Highest
25% Jun
17% July
Dec
11%
11'A
preferred
STOCKS
Year 194K
t per share
ft *11%
serial
Range for Previous
Lowest
78
*12%
N Y
Jan
*20%
1
Air
21
96
86
8.809
*85y8
York
1
9% Jan
100
17%
85%
*11%
11%
?
23%
11%
22'A
2
*22'A
27
11%
7'/, Mar
2,800
23'A
26%
*20'A
Jun
400
76%
85
New
21
Mar
20%
76%
ft y
11%
4%% preferred
100
Newport News Ship & Dry Dock—1
>
21
Apr
20%
77%
%
11%
No par
250
ft
20%
77
85
No par
10
%
20%
78'A
27
York
Feo
ft
20%
26%
preferred series A
City Omnibus Corp
225
5,800
%
*84%
New
Mar
1,300
20%
26
N Y
255
1,800
78
ia
84'A
8
Jan
190
57A
17%
78
26
1
2i
55
'ft-
142'A
5%
*16%
17%
84'A
21
79
78
100
21
%
ft
141%
8,200
172
6
17
100
Co
14% Jan
14;
6% Mar
ft!
*5%
27%
~
22 y, Jan
Feb
142%
14C
17%
18%
5
48
*
6
57A
17
18%
11
Jun
141%
6
17%
18'A
10% Feb
61
141'/a
6
*17%
10
90
172
18V,
20% Jan
Jan
141%
*140
6
*20%
Jun
27
174
14%
e
Newport
8
24 •«"
Feb
*172'A
Pa com—lo
Newmont
10
174
23%
Jersey Pr & Lt Co 4% pfd—100
Mining Corp.;
10
2
13y,Jan
*172'A
*22%
England
59% Jan
,
172%
22'A
New
4
26%
15»/a
22'A
common
preferred
Elec
*88%
28
17%
No par
Newberry Co
90
27%
6
%
4,800
14%
*88'A
17%
No par
conv
3%%
140
..ft';.
14%
15
90
No par
22
Apr
28% Jan
July
144
July
23% Apr
Mar
9% Jan
29
92
11% Mar
2
140
6
17%
1,200
28%
21
Co
4%%
140
57/a
17%
12'A
172%
173
140
300
14,600
12'A
,
14%
18»A
90
15
4,800
14%
28 y«
15'A
7,400
2,100
18%
»
28%
79 '
Corp
25
69
Oct
43% Jun
18% July
Feb
27
99% Mar 23
Mar 21
38
Jan
31% Feb
Mar 28
93% Jan
12% Jan
90% Mar
103
N a torn as
173
:
10
Neisner Bros Inc
173
7%
7%
7'A
91
15
*90
28%
173
7'A
21
Fibre
3
•
7%
28%
91
28%
7'A
7'A
79
Co
28
13
Jan
35
Feb
Tea
15%
147A
*90
28'A
7%
28
Ref Co
Vulcanized
7%
No par
Corp
Feb
9% Jan
May
104
Corp
15'A
91
28'A
100
6%
6
15'A
*90
10
7%
21
*12
No par
common
25
81% Mar
No par
Prod
preferred
conv
National
9
6'A Jan
19'/a Jan
2
1
Co
Enameling & Stamping—12.50
National Gypsum Co com
1
3
Nov
8V4
200
297/a
Oct
103%
174%
7%
15
78
7
100
8,200
174»/.
29%
21
16%
175%
*11%
Feb
8
*174%
7%
95
13%
174%
33'A
29'A
33y, Jan
20
174%
12%
34%
33%
11 'A
8
81
175'A
12%
*32%
7%
89% Mar 29
y,
*174%
4,200
13
34
11'A
26% Apr
20
33%
13
29'A
Jun
200
33%
1
38
49%
*32 y2
34%
Dairy Products
No par
Department Stores
8
96% May
20
33%
33%
Container
20% Jun
121
13%
*32 V*
Cylinder Gas Co
Oct
39
13 Va
32 3A
34 y8
2,400
National
Jan
12%
13%
32%
500
17,500
11
107A
National
Sep
20%
13
11
National
29%
31
11
4
9% Jan
85
8
11%
11
8
14%
87
107A
10%
380
9%
11
Dec
100
8%
Jan
Nov
12%
9%
34%
34
7'A
9
33%
6%
34
7
9%
175%
175'A
7 Vs
33%
1
9%
12
12%
16%
7
No par
9'A
9
29y, Apr
17%
20
10
-
23
13%
34
175%
267A
227A
10
21
A
Corp—
Register
City Lines Inc
174
26%
22%
10% Feb 24
Dec
19%
100
33%
12%
26 y8
22%
33%
*32'A
34
12%
*26'A
22%
27 ys Feb
32
14%
130
33%
12%
26%
22%
34%
13%
13'A
*32%
13
26%
11
*10%
11
12%
26 y8
22%
127/8
9%
9
8%
13%
26%
*22 >A
23
Jun
14ya Aug
24% Mar
162
13
4
10
common
Cash
National
Jan
*10%
8
Co
Co
preferred
7% Mar 11
35
2
'
13%
26%
*22%
23
8%
,<
Inc—1
Corp
Battery
Biscuit
7
30% Feb
Jun
May
13 %
Dec
10% Mar
15
170% Mar 15
9% May
9 %
National
National
Fibres
13
26%
13%
26'A
*22'A
1
25
Jan
13
25%
1
Co
34% Mar 30
37
3
5
Acme
100
Chatt & St Louis
National
21
13% Apr
30% Mar
30% Jan
Jun
48
Feb
9%
10% Jan
45
Feb
Corp
Nasnvllle
5,000
30
3%
1,800
12%
3'/a
*12
200
O
26%
Dec
92 y2
Jan
34%
103
Jun
27% Jan
3
Jun
99% Jan
3
25% Feb
11
31
Mar 23
104% Mar 25
26%
Feb
43
Jun
16%
Apr
18%
Jan
22%
Feb
17% Jan
8
36% July
19% Mar
7
24 y„ Feb
25
31% Jan
X109% July
12% Apr
7
94% Feb
16
99
Jan
7
6V2 Feb
11
8
Jan
10
90% Jan
10
7
92
6%
Mar
Dec
33% Jan
7
88
Dec
100
20
Jan
23
Jun
20
27
Jan
Mar 28
37%
22% Jan
Jun
29
Feb
32% Mar 30
144% Nov
jan
154
81
jan
Feb
148
16
7
15%
Nov
Jan
15
23
Jan
80
Dec
13 7A Feb
8
89
Feb
70
47%
Dec
11%
73% Jan
Feb
8%
Sep
34%
Feb
May
Apr
43% May
8% Mar 18
73
15% Mar
21%
66
89
Dec
For
Nov
44 %
4%%
8%
58% Jan
24
Owens-Illinois
Jan'
7
*18'A
26%
26%
26 7A
96
95
95
No par
preferred
A
Fisheries
20%
20%
*20%
32
31%
32
153%
*153%
*147A
15y2
*70
73
12.50
53%,
53'A
0
*11%
12%
*39
40
if
*19
19%
7
Jan
6
Feb
34
Feb
7
Jan
5
Apr
I*
154%
*153%
155%
160
86
*20%
70
153%
21%
100
6,500
155%
40
15%
100
15
*15
15%
73
*72
73
72
72
71
71
70
70
54
54
5J %
53
53'A
53
53%
53'A
53%
*11%
*8%
9
%
12%
12
9%
*9
71
71
39%
40
•
12
9%
*69%
40
15%
12
12
91/4
*69%
71
40
*39%
40
*19%
19%
*191/4
19%
31%
31%
31%
31%
*15
12
12
900
9
9
350
71
10
*
40
120
9%
71
39%
40
39
19%
*19
90
1,800
*69
12
9%
*69
19%
*19
15'A
12
9%
71
*15
3,400
31%
31
15
*15
2,800
*19
32%
32
19'A
25
31 %
32%
17,400
13
13
13
%
%
31
31
n
U
33
i«t
33
77,200
*52%
52%
52%
52%
52%
52'A
52%
52%
52%
52%
52%
521%
1,800
*30
30 y2
30%
30'A
29 %
30
29%
29%
29%
30
29%
29%
2,300
on—100
96
96%
95%
95%
95%
96y4
96
95%
95%
*95%
—100
*142
141
14iy2
141%
141
Rights
Pacific
96% Mar 28
135
154%
32
86
7%
_No par
21
3
89
143
10
9
154%
31%
96
*7%
*70
-No par
32 Apr
155%
21%
17
54
*153%
*85%
71
2
32%
86 y2
*63
3
21%
31%
*85%
Jan
19% Feb
*20%
85%
40
33'A Feb
21 y2
85%
153%
Inc.
86 y2
86%
2.50
Co
86%
*85%
No par
Glass
86 V2
26 y4
26
*95
7%
100
31%
18%
95%
77A
*20%
*18%
187A
26%
7%
31'A
16.500
7 %
7%
21'A
310
.28%
95%
7%
31V*
600
104%
28%
26%
7%
*95
30
-104%
28%
26%
7%
*94'A
30
30
104%
96
26 %
7%
96 '
30
*18'A
7'A
*20'A
Mfg
19
*94'A
100
&
19 %
29
*104%
28%
104 y2
28%
*18'A
-
0
10
Co
Amer
26%
27
27
30%
30
104%
29
10o
No par
common
Marine
19
10
3
19'A
*18'A
-No par
24
24.
*18%
20
4
104% Jun
uage
104 y2
28%
18
Jan
see
30%
104 %
29%
Apr
Feb
14
*30'A
104%
28%
31
71
6
Feb
30%
104 %
28'A
common
preferred
Pacific
30%
104 %
28'A
pfd
Collins
Otis Elevator
Outlet
29
footnotes
convertible
Oppenheim
6%
*30%
104 Va
preferred
(The)
Corp
Outboard
Jan
50 »A
Mar
convertible
Omnibus
5
14
8
100
No par
Oklahoma Gas & Elec 4%
Oliver Corp common
28
10 Va Jan
common
Co
24
July
147
Oil
Jan
18
55% July
Dec
Ohio
preferred
16% Jan
ft Feb 18
47% Mar
130
7
4.40%
79
30% Jan
Jan
29 y,
Jan
•
154% Apr
37
Jun
36 y,
3
11% Mar 29
15
29% Nov
L
49% Jan
15% May
Dec
60%
Mar 14
Ohio Edison Co
6%
Lighting
Corp..
31%
143
31%
.142
142
142
142
*95%
•
141
32
31%
1 ■ 1
r
96
440
141
190
Volume
169:
Number 4793
THE
COMMERCIAL
NEW
laif* f»r Previous
3%
6%
39% Nov
Apr
Dec
■
8% Nov
5% May
3% Feb
13% Mar
11% May
21% Jun
66
Oct
Oct
6%
•
100
Feb
4% Jan
43% Jan
Pacific Tin Consolidated Corp
Pacific Western Oil Corp
8
10
4% Jan
5
Packard
10% Apr
5
Pan
8
16
3
Pan-American Petrol &
5
58% Mar 30
Jan
97% Mar 12
Jun
6% Feb
18%
Dec
28
May
16% Feb
105
Jun
102% Feb
8
7
20
Jan
4%
7
18%
Feb
26% May
19% Mar
8
24% Feb-
34%
Feb
51
40
3
4%
Mar
3% May
33% Jan
23%. Dec
24 y2
Nov
30%
Jan
13/4 Feb
18
24% Jan
3
23% Mar
Jun
2% Feb
28% Mar 30
2
26% Jan
May
6% Mar 28
7% Jan
12% Mar 22
14% Jan
18
7
—
-.
4
—
% Apr
7
18% Apr
— —
27
Dec
37
Jan
273/a Jan
31
Feb
49%
Jun
42% Jan
3
9%
Dec
15%
Jan
15%
Feb
21%
Nov
27
Dec
34% May
109%
Oct
16%
16 Vb
112
8
Consolidated
Mines
5%
Co
2.50
Transportation
Mines
Ac
—25
*18%
*29
No par
Penick & Ford
47
Penney (J C) Co
Penn
3
Coal
Coke
&
Corp
22% Mar 30
4
20% July
17% Jan
4
Dec
22 Vs May
15
48
Apr
Penn Glass Sand Corp
111
19
Mar
1
5%
Cement
10
8
Penn Power Ae
7
Pennsylvania
37
10
Jan
19
Co
Pennsylvania Salt Mfg Co
Feb
Apr
104
Feb
7
Dec
45%
Jan
29
Jan
3
32
Apr
6
Feb
99
Oct
96% Feb
9
108
Apr
5
9%
Nov
28
11% Jan
19
Nov
20% May
24 y« Jan
8 3/8 Feb
7%
8% Jan
3
22
Dec
30 y2
98%
Oct
Jan
21
May
102
9%
Feb
17%
14%
Feb
Mar 11
Peoria Ac Eastern
*102%
22%
41%
*39
104
22%
22%
*39
2
2 %
2%
2%
28%
28%
28%
25
25%
*24%
*102%
22%
41%
*40
443A
Dec
Feb
48%
Dec
93
59
Dec
20%
55
Dec
22
1 Nov
104
Jan
91
;
1033/4
14
May
104% May
247/a Jun
*25
25%
25%
25%
6%
6%
123A
12%
6%
*25
6%
13
*7
13
7%
253A
115%
Jun
3
22% Jan
7%
J%
*7%
7%
7%
19
18%
18%
*18%
183A
18%
18%
*18%
18%
18%
18%
300
29'A
29%
*29%
29%
29%
30
293A
303/8
30%
30%
47
3,000
47
47%
46%
47
463/4
47%
45 3A
46%
45%
46
3,900
8%
21%
*8%
21%
27%
9
*8%
9
*8%
9
73/8
9
*8%
4
110% Apr
Jan
103 3/a
Jun
98
Sep
111
Jun
•105
Jan
28
Jan
81
Sep
112% Mar
7
101
45% July
8
108% Jan
213A
21%
21%
21%
21%
20%
21%
27%
*26'A
27%
*26%
27%
*26%
27%
110%
*109%
IIO1/2
*109%
110%
109%
109%
*109%
18%
18%
18%
18%
18%
18%
183A
18%
183/4
19
16
16%
15%
16
15%
15%
15%
lo
153/4
15%
15%
36%
36%
37
36%
37
7
30% Mar 23
40% Jan
*105
*36%
106
*30%
*106%
106
*105
32
109
*30%
107
105
31 aA
363A
363/4
*105
106
32
108
363/4
*36!A
*105%
32
109
*107%
843/s Jan
7
88% Feb
37% Jan
4
43 % Mar 28
87
Jan
97%
82%
Nov
88 %
Jan
Dec
13%
Sep
103/8 Feb
92%
Aug
89% Mar
Oct
54%
Jan
77%
10
Dec
88
143/4 May
30
Jun
3
9
Feb
4
34%
Jan
26% Feb
28
Apr
103%
Jan
100% Jan
5
Jun
113
Sep
Dec
Dec
93
Mar
32% Jan
24
105% Apr
4
300
10%
11
10%
10%
10%
103A
35,000
22%
22%
22%
22%
23%
*23y8
233/4
*103%
I 400
103%
103'A
*11%
11%
11%
*22%
22%
*22 %
104
*103%
11%
Jan
3
14%
Mar" 14
Jan
3
85
Feb
23%
26% Mar 14
32
Jan
7
13% Mar
16% Jan
7
Jun
Dec
155
Apr
157
Feb
169
July
30
Dec
39%
142
3
Jan
11%
30
Mar 16
22%
104
104
11%
104
11%
104
*103
113/«
11%
*23
*103
113A
104
11%
11%
10
Jan
73/4 Feb
14
8% Jan
20
Jun
12% Apr
8
15% Jan
150% Feb
Dec
96
Oct
15
Feb
145
Jan
26%
135
,
Dec
88
Jan
24
6
71% Jan
27
15% Mar 22
July
46% July
7
8
68% Apr
161
Apr
80% Apr
82% May
26% Oct
21% Jan
139
10
147
Feb
4
Jan
29
Apr
4
$ per share
121/4 July
83A Feb
24
36% Feb
11
48 34
Apr
4
32
39
Apr
5
$ per share
29%
Feb
46
11%
Dec
16% May
10% Feb
Jan
13 % Apr
4
Mar
5%
Nov
14'A July
11% May
22%
Nov
35 'A May
21
57% Feb
71%
3
Jan
17
Apr
85
Ac Chem Co
convertible
39% July
38
Jan
Dec
243/4
20% Jan
Jun
30 Vs May
26
Jan
-Jan
30% Feb
25
42
May
25% Feb
5
17%
Dec
July
25% May
93%
93
93%
93%
93%
933A
94%
21%
22%
22
22%
22%
22%
22%
22%
25
25
111%
106%
1
15%
111%
15%
15%
.
86%
40%
40%
31%
*85
111%
112
*91%
92%
*91%
31
11%
*10%
*89
59
59%
593/B
11
*10%
com__No par
13%
preferred—No par
*83%
273/8
*27%
13%
2
28% Feb
4
593A
OO
13%
13%
161%
32
32
32
13%
144%
323/8
13%
*130
8 3/8
8%
133/8
*13%
28%
70
69%
17
17
*140
148
*24%
25%
25%
Sstiriar
Plough Inc
Plymouth Oil Co
Power
Pressed Steel Car Co Inc
4%%
conv
*140
Inc
$1.40
Co of
El Ac Gas
div
11%
13 Vs
13%
6%
6%
63/8
6%
•*23
28
6,300
;
.
Thursday
Apr. 7
Friday
t pet share
tper share
93%
Sales fer
Apr. 8
the Week
$ per share
Shares
v
39
38
38
37
37
36
36
11%
11%
11%
11%
11%
11%
11%
11%
1,500
13%
;
47%
36
133%
13%
133/8
13%
13%
13%
13%
8,000
6%
6%
6%
6 Vs
6%
6Vb
6%
5,300
.
1,100
15,600
1,700
23%
23
23
63%
63%
63%
64
63%
633/4
63%
63%
63%
63%
63%
63%
3,400
18%
183/4
18%
19
18%
183/4
18%
18%
18%
18%
18 Vs
18%
2,100
No par
*90
91
*90
91
90%
41%
42
42%
42%
22 Va
223/B
22%
22%
22
21 Vs
*23
•„
22 3/a
;
273%
34% '*
32
preferred
100
*107%
*107 3/8
107%
Purity Bakeries Corp.
No par
28%
Quaker State Oil Refining Corp_10
>18
28%'.
28
18%
28
183A
*18
-107%' 108
27%
<18
*90
41%
22%
31%
.
::
41%
22%
27%
1073/4 1
91
*22%
42
.
333/8
common
24
*90
90%
41%
No par
32%
14
800
148
2754
10
27%
20Va Jan
18%
>140
27%
10
35%
17% Mar 17
173/4
148
27%
46
30%
2
230
10
273/4
28 % Apr
68%
47%
32%
5
66%
10
32%
conv
10
440
69%
BALI PRICES
9%
1,900
81
45%
30%
5%
12%
145
80%
173/4
*140
28%
12%
>120
47%
27%
; ■>
148
2,300
47
32%
26
*17
7,100
8
813/4
Apr. 6
9%
30%
108% Jan
*68%
17%
~30
33
48
No par
6
69
200
162
8
123A
3,600
14
144
'
323/4
135
Wednesday
No par
(The)
23%
47%
'
Colorado—20
com
Inc
Pure Oil
85
29
*133/4
33
1,200
5
preference com—No par
Pullman
Jan
11%
13 3/a
com
$4.75 cum preferred
21
11%
13%
24
*83%
14
80
A.
No par
Industries
Public Service
Pub Serv
*11%
12%
81
-•
$ per share
36
13%
135
273/4
g
s
35%
6%
85
*29%
8%
82
♦140
Tuesday
*9%
8
68%
283/4
Apr. 5
32%
137
*17
148
27%
33%
813A
17 *
35%
*23
♦135
69'A
*35
1
12%
13%
•
9%
com
A
*13%
8%
8
823/4.
17
29
32%
147
10
Procter Ac Gamble
Publicker
13%
483/4
preferred series A—50
29
14
33%
9%
Co.
*83 %
28%
>160
46%
1
13
13%
162
69%
$ per share
::
9%,
13
13%
>143
46%
1
class B
Electric
*9%
45%
110
144%
No par
Pond Creek Pocahontas
Co
S per share
5
_5
,—
—
104%
>101
*143
8%
300
>1033A
*160
823/4
*
29
105%
162
Apr. 4
.
*28%
10,100
>
110
13%
-
10
11
144%
*135
Monday
Apr. 2
29
60
*160
i
STOCK
59%
*143
/
148
*140
*28%
92 »/2
*10%
11
160%
8
69%
173/4
60%
32%
83
*69%
90 %
*91%
*102
k
14
300
10%
*89
160%
148
*82
*103/s
90%
,
14%
144%
*143
13%
*135
83
92%
103/4
*89
*104%
85
28%
10,900
•
110
*83%
V
10
;
100
104%
13%
A
*99'A
*10%
29
*28%
85
33%
99%
10,700
85%
37%
60
11
104%
29%
',*14
,
8%
150
1
*83%
4,300
•v
30%
85%
59%
60%
*102
13%
*83 %
-
29%
*81%
17%
28%
105%
303/4
300
;
90
*91 %
■:i
.
153/8
*10%
11
*10%
11
15%
99%
89%
60%
60%
*10%
190
105
383/,
92%
10 3/a
89%
300
*
112
*83%
100
*91%
*
89%
110
*143
4
107
92%
' 11
*102
*160
4
.
*99%
*104%
164
35% Apr
,
100
28
144%
32% Apr
26% Mar
-
Feb
39%
320.
7,500
1003A
105
31
85
39%
105%
*160
8%
30%
31%
85
530
25%
100%
15%
303/4
*10%
11
*143
28%
15%
2,300
17,200
•
22%
♦111
1053/4
31%
'*89
14%
1
*104%
153/s
40
60%,
*83%,
28%
!
105%
15%
110
104 %
*102
.85
Xl05%
5,200
e
.
95%
223/e
25%
101
*91%,
89%
*10%
101
*99%
11%
89%
110 %
102
87
.
92%
*10%
*89
110 3%
213/4
*94
•
,
253/4
111
15%
*85
99 %
99%
*25%
39%
31%
40%
993/8
25%
*100
106
15%
86
*99 %
Par
.
102
21%'
22%
110%
112
106
21%
25%
25%
*101
15%
40%
•
*25%
106%
*106
31
*85%
'
102
*101
*14
90 % Mar 17
3
53
Feb
,
18
22
42 % Apr
Nov
33
93%
25
14%
24
22% Mar 29
Dec
Feb
92%
28%
24
Jan
3*
32%
x25
51%
*14
Potomac
3
25
Sep
50 3%
1
Poor Ac
66% Jan
-
14
x25Va
108%
51%
85
8% Jan
26
Jan
Jan
Feb
51
1053/4
6
28
Mar 22
32%
101%
51
110
123/8 Mar 30
Mar 22 '
20
•
51
27%
14% Jan
5% Mar 23
28% May
94
51
100
t per share
23
12%
Jun
Feb
50%
102 %
106%
EXCHANGE
10% Jan 20
703/4 May
Feb
50%
*102
'
93/a May
33
Jan
Mar
50%
22%
30%
1,300
39%
*100%
100
190
\
433A
393/8
*111
—10o
5
NEW YORK
Highest
tper share
18
433A
40%
*104%
Range Since Jan. 1
Lswsst
Highest
81
443/8
393/s
STOCKS
Year 1948
62%
44
41
25
Range fer Previous
Lowest
44 3A
40 3/e
29
*24%
5%% 1st ser conv prior pfd—100
Pittsburgh Ac West Virginia
100
Pittsburgh Young Ac Ash pfd
100
Pitts ton Co (The)
1
24
1
lo3/* Mar
22%
44%
41%
22%
Pittsburgh Plate Glass Co
lo
Pittsburgh Screw Ac Bolt
No par
Pittsburgh Steel Co com—„No par
7% preferred class B
100
5% preferred class A
100
24
170
Feb
22%
443/4
No par
No par
Pitts Consolidation Coal Co
7
Dec
22%
44
40%
50%
Pittsburgh Forglngs Co
7
Feb
Jan
22%
44%
92 %
No par
com
■
,
423/a
213/8
44 %
<41.
Pitts Ft Wayne Ac Chic Ry com—100
1% gtd preferred
100
35% Jan 21
NOV
703A
423/8
100
$5
26
Jan
7%
73%
45
*50%
Hosiery
Pitts Coke
28
170
10%
140
21
45
par
2
144% Feb
26
1593/4 Mar 15
Jun
20%
41%
1
25
50
Pitts C C Ac St Louis RR
11
138
No par
Pillsbury Mills Inc common.]
$4 preferred
No
■
81
36% July
Feb
Mar 30
Jun
15%
80%
12%
11
July
10%
26
4*M«-
11
Feb
90
28
Dec
98%
110
11% Jan
800
10%
Phoenix
91% Mar 30
8
513A Feb
18
108
103/4
Corp common
-3
3%% preferred series A
100
Philip Morris Ac Co Ltd common—5
4% preferred
100
3.60% series preferred
100
Phillips Jones Corp com__
No par
5% preferred
100
Phillips Petroleum
No par
99% Feb
800
108
1073/4
11
11
10
Jan
93% Jan
600
290
32
10%
60% Mar 30
6
11
87%
Jun
36 3/4
107
103/b
Phllco
8
Dec
10,100
10,300
,
32
29
1073/4
"40
109%
106%
106
12
32%
108
107
*36%
105
*313A
*108
*93/4
Phila Ac Reading Coal Ac Iron
7
July
91
39%
3,500
5
common
preference
4.4% preferred
3.8% preferred
4.3% preferred
5
19% Jan
Apr
100
21%
*26%
10%
Brewing Co
(Chas) Ac Co Inc
$1 div
7
9
21%
16
Corp of America
$6 preferred
Phila Electric Co
31
Jan
14% Mar 17
21% Nov
25 Vs Mar
6
Jan
*8%
,
27%
*26
900
10
Pfeiffer
21
25% Feb
7%
7%
10%
Pfizer
4
800
7%
7%
18%
Phelps-Dodge Corp
Philadelphia Co 6% preferred
233/a Jan
300
12%
*8%
19
20 3/a Jan
Sep
»7
9%
21
Mar 12
7
12%
123/4
123/4
,
9%
53% Jan
99
300
25%
7
10
51% Jan
54% Mar 18
25%
28 3A
*8%
4
90% Mar 24
6,000
28'A
11
7
4
3,400
283A
10%
22% Apr
42 % Mar
23/8
28 V2
23/a
x28%
10 i%
393/s Apr
7
x483A Mar 30
July
200
2%
28 yr
2%
283A
13
33,300
41%
V
2%
*6%
800
22%
*40
3/e
*12%
44,900
104
22%
41%
.
40%
*102%
22%
30
8
17
*8%
12% Jan
Jan
73/4
17
104
22%
100
1,600
100%
No par
100
common
preferred
Petroleum
8'A
17 %
104
*100
'
100
3
17
Jun
Co
7%
*16%
2%
100
7
10'/a Feb
20% May
64% July
Milk
8%
17%
36,900
14
55%
33 %c
1
4%%
100%
7%
2%
7%
*100
17%
8%
*102%
40
55%
110%
Ry Co_
Pepsi-Cola Co
Pet
40
100
10%
*13%
56
17
17
22%
5
17
104
22'A
8%
100
Feb
5
22%
7%
14
55 %
6,900
29,200
18 %
com
23% Feb
Jan
104
8%
100
100
9%
*13%
57 '
3,900
4
157/a
Peoples Gas Light Ac Coke
11% Mar 30
17
*102%:
100
3%
,
io%
10
14
55 %
Shares
33/4
40
*109%
3%% conv series A pfd
Peoples Drug Stores Inc
863/4
110
100%
103/a
*13%
3%
39%
50
28
Mar 28
14
57%
33/4
ths Wssk
No par
Light Co
RR
103
120
10%
10%
10%
*56%
4
Sales fsr
share
29%
*26
100
4
3%
4
*13%
7%
21%
7
com__No par
preferred
Apr
17% Jan
Mar 22
323A Feb
Penn-Dlxie
21
3%
S per
40
-7%
7%
preferred
3%
39 %
13%
No par
prior
conv
3%
40%
14
16%
25
*12%
5
common
3%
39%
28%
«/2
*7
5
10%
42%
*24%
No par
Enterprises
3%
3%
Friday
Apr. 8
t per share
40%
3%
57%
7%
2%
28
*100
104
*40
1
9%
56%
Thursday
Apr. 1
Apr. 6
$ per share
share
40
4%
17%
*17
No par
28% Jan
5
109% Jan
104
7%
No par
'
173/4 Feb
Jan
Dec
1
3%
*13'A
100%
1
Peabody Coal Co
8
47% Mar 28
26% Mar 30
Dec
35%
*ioo
21%
10
10% Feb
10
1
Patlno
30% Apr
Mar 25
57
$ per
'41%
4
13%
57
*102%
Parmelee
4
19% Jan
6
38%
Jan
8
13%
100
preferred;
Parker Rust Proof
7
Jun
9%
5
par
"
Parke Davis At Co
22
10
163/4
Feb
4%
100
Park Utah
28
6% Mar
4
Park & Tllford Inc
3
9
'
3%
39%
2%
Transp
Pipe L com__No
convertible
3%
Wednesday
Apr. 5
$ per share
40
Paramount Pictures Inc
42% Mar 30
May
-No par
Airways Corp
preferred
'3%
39%
Tuesday
-
Apr. 4
S per share
1
10
Panhandle Prod & Refining
Paraffine Cos Inc com
7
104% Jan
Car
Panhandle East
27
8% Jan
8
Jan
Jan
102% Jan
24
97
2
Motor
American
21
LOW AND HIGH SALE PRICES
Apr. 2
Par
'
May
11%
Monday
(1577)
RECORD
Saturday
STOCK
3
49% Jan
Feb
8
YORK
11
12% Feb
46
92
CHRONICLE
STOCK
EXCHANGE
$ per share
3% Feb 11
32 % Feb 25
62% May
NEW
Highest
$ per share
$ per share
Dec
4
Range Since Jan. 1
Lowest
Highest
$ per share
YORK
FINANCIAL
STOCKS
Year 1948
Lowest
&
273/4
18 3A
27%
\
27%
33%
33%
31%
32 Va
41%
22%
1
*107%- 108
27%
27 %
-.31%
*1073/4
273/4
*
*22%
91
24
90%
200
90%
60
413/4
*41%
41%
3,900
22%
22%
22%
7,700
5,900
5,200
38,400
27%
'
<
33%
27%
33%
.
108
33%
;•
31%
-
183/4
28
>
32
107%
IO73/4
273/4
v-4 CO
27%
:
* ;
32%"
27%
18%
*18
33%
;
-
24
-
300
v
28
*18
800
18%
—
R
7%
Feb
15
Jun
11
Feb
24
14% Jan
7
633/4
Feb
753/4 May
70
Jan
3
74% Jan
22
6%
Oct
113% May
7% Jan
3
9 % Apr
4
953A Jan
24
89
Nov
98%
Jun
92% Jan
253/4
Dec
34%
Jun
26
22%
Feb
X36
31
Jan
35
163/4
Feb
-
4
.
Jan
3
29
Jan
19
July
24'A Apr
8
30% Feb
4
May
31% Apr
6
34% Feb
3
27% July
193/4 Feb
24
233/8 Jan
7
Feb
45
Apr
x373/4 Feb
15
43
Jan
3
31
Feb
39
Jun
31% Feb
10
36
Jan
7
10
Dec
15% May
10% Jan
3
36%
101
Jan
106
Nov
105
20
11%
Dec
18
May
Jan
7
Mar 26
UV2 Jan
14
123/4 Mar 31
106
Radio Corp
$3.50 1st preferred
Radio-Keith-Orpheum
Ralston Purina Co 33A%
8
Dec
14%
Dec
25% May
8%
Dec
13% May
Dec
66
Aug
503/4 Mar 21
Dec
15% May
8% Mar 25
52
83/4
Jan
5% Mar
183/4 Jan
4
4
8% Mar 22
pfd
41%
32%
12%
12%
100
*110 3*2
111
No par
*20 y2
21
20%
203/i
20 3/a
20%
*12
12%
12
12
12'A
12%
$1.25
div
prior preference
Reliable Stores Corp
Reliance Mfg Co common
Conv
pfd 3%%
series
4
83% Feb
3
25
12% Jan
8
Reo
6% Feb
25
8% Jan
7
2% Jan
3
33A Apr
6
4
8% Apr
27% Jan
7
Jan
15
Dec
Feb
For
111% July
21% May
102
footnotes
Oct
see
page
102
Apr
8
110
Jan
31
13
Feb
5
*16% Jan
12
93
Mar
8
99% Jan
5
24.
1103*2
111
*1103*3
111
*27
9%
9
94%
*94
12%
30,900
71%
-
400
9 Vs
21,800
95%
20
f
27
27
25%
24%
24%
31%
vr
27%
24%
31%
31%
31%
700
21"
21
21
21%
1,200
41%
1,000
<
21%
40%
40%
*39%
41%
*39%
32
32
*31%
32%
*31%
32%
12%
12%
12 Vs
♦110ft
110 %
*110,\
110%
20%
20%
20%
*20 Vs
20%
123/8
12V4
12%
400
4,400
*21
*12%
'HO
,3*
20%
*12
12%
111
12
12 Va
900
500
'
_____
800
12%
2,000
1,000
(Robt) Ac Co—
83A Feb
82%
21%
*31%
78% Jan
103
*21
*39%
Jan
6
31%
21 ft
12%
Aug
8
31%
31%
'21%
32%
99
Apr
31%
31%
213/4
40%
133/8 May
5% Jan
27%
31%
94 3/4
25%
12%
29%
23
27%
25%
32%
Feb
5% May
27'A
32
*
9
95%
26
40'A
50c
*94%
26
12%
Inc
12%
*70%
*27
32%
Bros
12%
703/4
27%
41%
preferred
12%
70%
263/s
*21 Va
*.
*12 Vs
7%
12 3/4
71
9 Vs
9
26
26%
*313/s
.
12%
*70%
*27
28
*26 Vs
*31%
Dec
11% May
333A Oct
953/4
*39 V2
Dec
Feb
*9434
5
63A
Nov
953A
50
preferred
common
10%
5%
*94%
2nd
78%
22%
953A
9 VH
1st preferred
Remington-Rand common
$4.50 preferred
2% Dec
123A
71
9
non-cum
Reeves
7
12%
71
9%
non-cum
18
Jan
13
72
9Vs
4%
13% Feb
10
12%
71
t
91/8
4%
Real Silk Hosiery
Reed Roller Bit Co
3
12%
71
*27
1
25
25
54% Feb
*943/4
No par
common
23% Jan
Apr
2
9% Jan 24
!
50
50
Co
31
8% Jan 27
9
100
preferred
Reading
Jan
22
*70
1
Rayonler Inc common
$2
123%
par
No par
Raybestos-Manhattan
Rels
173/4
of America com—No
Motors
Inc
Republic Aviation Corp
Republic Pictures common
50c
25
preferred
6%
6%
6%
6 Vs
6Va
*20%
*20%
203/4
*20 %
203/4
8%
8%
8 3/a
8%
*8%
8%
8%
8%
8%
8%
700
*523/8
52%
53%
53%
*52%
53%
53%
53%
*52%
53%
*523/s
53%
110
8%
87/a
8%
8%
8%
8%
8%
8%
8%
8%
8%
SVs
6,400
*77
6%
79
•
9%
93/g
1
8
8%
50c
100
*3
3%
6%
67/«
23 y8
24%
103 V*
14%
*96
104 % '
14%
98
6%
6
21%
22
1
$1 convertible preferred
10
Republic Steel Corp com
No par
6% conv prior pfd series A
100
Revere Copper Ac Brass com—No par
5%%
6%
21%
8%
*6
22
5
100
*6 3/8
*8%
10
No par
-
79
79
8
3%
*77
80
*77
6%
21
80
*77
9%
9%
9%
9%
9%
9
8%
8%
8
8Va
7%
3 Va
3 Va
7
3%
3%
3%
3%
80
%
14%
8%
8%
8%
23%
23%
23 Va
23%
104%
*103%
105
103%
*102%
15
98
14%
*96
103
143/4
14%
14%
98
98
98
14%
*96
1,000
7%
8,000
1
23
14%
,
*96
9,800
8%
10,600
15,400
Ida
102
14%
3%
23%
8%
'
'
104
98
9
3%
8%
24
100
3%
7%
3%
8
23%
7%
900
80
*77
9%
8
24%
7%
24
*96
21
83/B
*9 Va
104
22
,
500
14%
98"
vr -
1,500
' id
.
,+'♦*
COMMERCIAL
THE
(1578)
22
Range far Previous
Highest
Lowest
$ per
$ per share
4%
Dec
1974
8
Nov
.
29%
Dec
Feb
25
5% Feb
7
113/4 May
103% Feb
3
6% Jan
6
25
33 V»
Dec
41%
Jan
343/s Jan
3
37
Jan
Dec
50
Jan
42% Mar
7
45
Jan
5
80
Oct
94
Jun
85% Jan>
3
90
Jan
31
103%
103% Dec
4
102 3/a Jan
Dec
19% Jan
Rbeem
13
Jan
49
Jun
23
24:% Jan
3
17V*
Dec
28
Jun
18 % Feb
4%
Sep
6%
Feb
12
Jan
7
19%
Feb
29% July
22
Feb
1
25% Jan.
3
15% Mar
24% NOV
21
Jan
4
26% Apr
8
17
Mar
27% May
17% Feb
54
Dec
72
May
49
18%
Dec
17
15'%
16% Feb
24% May
July
Jan
..
5
*10%
Oil
Roan Antelope Copper Mines
,
43/4%
Dec
107%
Sep
Feb
24
8
67
139% May
Jan
974
9%
*24%
2O'/4
2a-,a
-vJ
25 Vz
2574
25%
26'%
2,900
*17%
17%
17%
17%
177/e
17%
17%
1774
1774
*17%
1774
-1
18
*49%
50%
49
49%
50
49 "A
493A
49'A
49'A
49 »A
49'A
No par
*_
Feb
8
;
Feb
13% May
7% Feb
79
>
Feb
91% May
80% Jan
Feb
15% Aug
10% Mar 19
25% Mar
35% May
39% Mar
51
8%
88
12
87
Oct
79
13%
14
3
8
Jan
20
Feb
86
5
7
59% May
36% Feb
7
Oct
5% Jan
27
34% Feb
15
12% July
8% May
X9% Mar
8%
Dec
.
5% Mar
Feb
8
143/4 Jun
Jan
46
19%
19'A
19'4
111%
110%
1113/2
111 '4
39%
39 «4.
393/2
39'A
■39%
39
39
101
101
*99
102
*99
90
*86
90
*88
t c—100
*86
Co of
49
*93
95%
88%;
*87%
88%
*873/4
49 %
*13%
*84,/
16%
,
18%
I
'38%
•
Seiberling Rubber Co
5
1.
Servel Inc common
1
8%
——No par
*94%
96
1
*30%
30%,
No par
333%
No par
pref series A—No par
28%
*77%
Nopai
*9%
101% Feb
6
Jun
27
3
31
$4.50
5
preferred
8%
*94%
96
4,000
2674
6,500
49'/2
900
26%
2674
493/4
49
92
88'/2
*8774
88'/a
13 3/4
xl2%
13
85
*84'/a
•85
*84 'A
16
16%
20
2,700
10
v.
1574
2,100
16%
51
51
*50%
51
60
93'%
51
16
f
'
500
18%
18 34
18%
15'/a
13%
'18'A
41 %
0.1
!/«.
41%
413A
41%
*7
VI
8
/•
6'A
*6
63/4
6
10 3/8
3A
874
874
94'/a
93 %
93%
*92 l/2
31
30 74
30%
30'A
32
32%
303/2
28 »/2
''
94'/a
30%
30%
30'/a
333%
33%
33%
28%,
28%
28%
%
87/a
8
200
17,200
10'/a
1,100
6'A
874
874'
1,900
130
94
*92
94
700
8%
*6
30 '/2
87a
7'%
37%
10 '/a
•
37%
10'/»
10'A
IO'/b
63%
*7'/a
37%
L:
8
37%
3774
37%
10
*6
'
*73%.
8
38
j
.
'
24% Nov
36%
Jan
Mar
Shamrock
7
30
Feb
46%
Oct
30 % Apr
7
37% Jan
17%
Feb
27%
Jun
22% Jan
4
Sharon
29% Mar 31
68
Feb
79
Dec
15%
Jan
12
10
79
Jan
5
10
Mar 11
113/4 Apr
Oct
14
Mar
Feb
;
31
Feb
5
5
Jan
7
14% Feb
39% Jan
8
46% Jun
X 7% Jan
28% Feb
3
Steel
Gas__;
&
Corp—
Sharp & Dohme common
83/s Feb
77
Dec
9
7
Oil
$3.50 conv
Shattuck
(Frank
Sheaffer
10
21
Shell
Oil
3%
25
Dec
Dec
34
—
Feb
12
27% Jan
7
974
*9%
10
9%
■9%
500
12%
12
12
1174
11%
1,000
34%
34 %
36
35»/Z
3574
35%
35%
35%
7,300
53/4
12%,
34%
19% Feb
32% Jun
11
92%
Feb
18
Feb
25%
Oct
18% Feb
Dec
35%
Jun
20
57/«
574
6
57/a
574
574
574
574
3,400
3%
3%
374
1,900
'24%
2474
Feb
99
:
No par,.
14
Feb
.
*114
Sloss-Sheffield Steel & Iron
20
19%
7
Smith
10
*22%
Oil Co
-—15
-
;
■
■#:
Dec
39%
80
Dec
90
Apr
25% Apr
84%-Jan
17
Sep
98
July
95% Jan
3
88% Feb
Dec
26
Jun
15
Feb
11
17% Jan
23
Jun
15
Feb
24
17% Jan
7
Mar
104%
Jun
7
100% Jan
5
May
33/8 Jan
3
4% Apr
2
8%
Oct
7% Jan
13
Sqlvay American C,orp 4%
24
3% Nov
5% Mar
39
Feb
45% Aug
Mar
40
South Amer Gold &
South Carolina E
8% Mar 12
44% Feb
1
5%
15
Jun
60
11% Nov
53% Mar
Oct
16% Jan
11% Feb
56% Feb
'•
5%%
3
12% Jan
3
24
12
36 % Mar
44
Aug
26% Feb
26
36
42%
Jan
36% Jan
7
40
Feb
29% Jan
5
31
Jan
20%
Feb
303/s july
Feb
623/8 July
33%
Feb
50%
58%
Feb
70
65%
Jan
39% Jan
10
conv
<8%
$ per share
12%
Mar 30
66% Feb
5%
NEW YORK
Highest
$ per share
15
133/4 Jan
7
4% Feb
25
6Ys Jan
7
Feb
63
Aug
73
Jan
68
Jan
24
71 % Mar
Deo
29%
Jan
21
Feb
7
24% Jan-
7
Feb
30%
•14
74
15%
May
24
21% Aug
19%
Dec
79%
104
29 %
Oct
91%
17% Nov
Spiegel'Inc
7
16% Apr
Jun
173/b Jan
97%
Feb
121
Oct
54%
Jan
73
Jun
36%
Feb
53
69%
Feb
Jun
35
89
41% May
11% Mar
15% May
32% Mar
39%
jua
88
97
Jun
23%
Dec
12%
Feb
9%
Oct
3
$3.50
6
(Standard
8
8
7
;
31% Feb
9
•
10% Feb
5
35%-Jan
3
94
6
12
44
38% Jan
:
*
13
'
Jan
18
7
18
Jan
2174-2174
2874
281%
28%
1674
163%-
163A
27
27
*100%
102;
101%
1874
18%
18%
P
18%
2674
85%
85%
116%"*
115'A
115
133%
133
133 %
132
132'A
132
63%
113/a Apr
5
StokleyLVan Camp Inc
18
Jan
9% Jan
Dec
20
Jan
15% Jan
4
Jan
18% July
12% Feb
25
15% Apr
6
Stone & Webster
16% Mar
29% Jun
16% Feb
10
213/4 Jan
7
Studebaker Corp
6% Feb
7
oommon
prior preferred-
>1
_20
*
V
10
*1474
.—1
18%
39%
*95
98y2'
*25%
26
26
'
*99
993/2
99%
Dec
11%
.
Jan
98% May
90
70% Nov
120
Jan
52% Feb
117
July
Jan
8
7% Jan
•94
Feb
18
26
10
60
Jan
3
17
119
Feb
24
9% Feb
17% Dec
15% May
21% Jun
x9% Feb 24
16
Apr
7
18% Dec
26% Juo
xl7%Feb 24
19% Jan
7
34% Mar
43
36%, Feb 14
7% Mar 25
40% Jan
13
9
Dec
140
Mar
13% Dec
31
July
11% Mar
235
19%
Jun
Jun
Dec
8%
145
44%
16%
Jan
For
footnote*
.
7
12% Mar 23
jun
Nov
Feb
31
'
»f>
Mar 16
7% Feb
**e
25
11% Jan
8
17% Jan
13
10% Apr
8
Jan
11
14% Jan
12
168,
36
Jan
7
Jan
5
-.1
*'7%
$4.50 series A preferred
*_No par
Sun Oil Co common——*—No par
*93%
Sun
Chemical Corp
common
»
'
Class A 4%%
pfd
.100
Sunray Oil Corp common
-—/I
4%% preferred series A
;—25
4V2%. preferred series B—1—.25
Sunshine Biscuits Inc——1
J2!50
Sunshine Mining
Co
1
-10c
California——-25
Superior Stee.' Corp
...■
50
Sutherland Paper Co
_L
If
Sweets Co America (The)
4 16%
Superior
Oil
of
58%
*42- *
V
4
*33 3/a-
343%
*333/4
1174,
*11
11%
*11
3934
98 y8
2574
26
39 Va
39%
98'4
98*4
127/a
*12%
/
*42
25%
I,
3974
3974
99
2574' "25%
*96
■I
10 34
1174
1074
16%
1674
163/4
17
17
15
14 3/4
I534
15%
153/4
3,200
130'A
131'%
6274
63%
40 y8
40%
69'A
68%
69'/a
18%
18%
18%
18 3/a
18%
183/4*
1874
i"
16 Va
19
■
*39%
"9%
153
13%
7
*93%
-J
'
15%
34%
2574
*96
99
2574
12%
-
; 11%
1174 -.1174
1674
: 16%
16%
15%
1574
*
600
1774 -.1874
V17T4T 18'/a
6,600
16,200
13 y4
*118'/a
119%
118%
11
113/a
1074
11
1074
11
163/4-
16'A
16
16 y8
16
16
1874
19 y8
1874
40
40 3/4
40
10 y8
10
113/4
11
11%
16 >A
1674
16%
19%
19 y8
19%
39%
40
39
*32
*153
157
*8%
59
40
10
157
:
93/4
*150
7%
!."
*150
157
*1274
13%
1274
,'32%
32%
32 34
32%
32%
*8'/a
8%
'83%
8%
874
8%
2,000
7
1,500
■*.
11,200
3,100
18%
3,900
40%
<■
7,100
10'A
14,700
156
3274
*874
8%
200
13
*32%
,
170
118%
*12%
13
32%
3274
8%
%
974
*151
*9374
5874
133/4
12%
13 Va
-
-
158
71/a
7%
95
19%
19
40 v
*13
32%
83/4
1193/2
*119
157
*
7
19 y«-
9%
7,200
1674
1574
60
40
153
*
95
1183/4
93/4
100
1,300
1,900
•
1274
1274
674
1183/2
9%
4,100
V
'2574
*59%
119%
10
300
39'%
39*4
3974
2574 '
7,800
%200
•11%
*11
11% '
10,800
;
"42%
3374 *33%
*93%
118V2
9%
21,600
500
42%
59%
58%.
*16%
40
"•
.
15'A
15%
95
*93%
583A
,
•'
'
'
73/8
73/4
95
58%
10%
*
i6y4
19
5
*8V8
*93%
58%
58%;.
58 34
32%
774
73/4
95
10,000
16.900
11
I-
v
2374 "••24 *.
100
1
100
24
99
•
3,500
6374
4074
15'A
15%
180
35,300
1274
1274
11%
1274
:
27'/a
"
13
103/4
7%
86
114'A
"
*96
10 74
'
*118%' 119% s
10%
103/4
*
267!
43%
151/2
16
4374
;•
1478
95
7,900
86
'
6% Nov
170
1874
114
100%
*99
34%/
*33 y8
*11
100
1574
1574
42% *42%:
33%
V
•
16%,.
*
10
17
102'A
131%
68%.
23 3A"
I:
24
2,400
115
'131
68%
"2,300
27
18'A
•
120
-
•16'A
*101
26'/a ' 2674
23%
1574
-
39 y2
: 68
86
5,400
9'/a
2674
% 63'A
40'/2
40%
40 V8
401/4
681/2
241/a
2374
12%
V
12%
43
397!
67%
•
15%
-
33%
39% • f
:.
■
>
*11V4, 11%:
ii%';
39 Vz
*16%
*42
40%
99%
:
15%
34% '
*95
:
*99
*
*33
No par
(The)-i.—
*?
153^
27
115
633/2,: 633A
64
6374
63%
40
43
12%
___
V.'i::
1
16%
,*85
133%
*
*42
1674
67
67
1674-
,
11574
preferred'series A—*.-100
Ctfrp
,851/2
26%*2774
27"
26
115
*98%
:5
853%
85%
851/4
26%
26
116
100'
671/2
•
24V.;
100
Co Inci— —;—15
1874
1874
18%
68%
i—l1
27
1013%
101
*7
•
874
9'A
9
27
115%
62%
28'A
101%
1 874
27
102
23Vs
1
•28%
161/2
27
i;:.:
26%
*ii%
800
5,000
16%
101
l
v' f ■■
85%,
15%
21'A
28 %l
2874
-v
20
70
974
*67
'200
-
*21%
671/2
<
-
*69
974
67%
•
283/4
•
►
70
673%
93%
1,200
4%
21%
*•
68
97i
300
5
4-3/4
474
21'/a
•
Shares
11%
4"%
5'/a
68
9%
23%
~No par
*6»
70
211/4
67%""
Spring common—1
preferred!
-50
70
70
28%
«
16
'
18%
r"
*6 8 74
■v
5
*4%
5
68
9%
16'A.
26
5
5
the Week
*11
11%
11%
Sales for
Friday
$ per share
f per share
}
11%
*43/2
5
64
Apr. 8
68
9%
68
*85%
share
21'4
40
Stevens (J P) &
5%
28%
28%
700
Apr. 7
11%
5 3/a
*4'%
7,100
533%
53%
*621%
Thursday
21%
21 %
35%
35
533%
64
PRICES
$ per
113/4
5
10,500
3074.,
35'A
53%
*62'%
70
*68%
*15%
1
17% Mar 14
!
70
V
4%
*4%
21%
9%
5%
*5%
5 Va
*1134
11%.
42%
Apr. 0
$ per share
$ per share
*11%
,'8.500
"41%
Wednesday
Apr. 5
39%
Stewart-Warner
64
3,100
32'A
4174
3474
54%
Tuesday
Monday
Apr. 4
23%
7
*53 3/4
*62»/2
'/2
3074
■'32
30%
30%
35 Va
35
54
64
*62%
67 3/a
Dec
.
54
common!—10
28%Peb 18
3
35
54
18%
14% Jan
Feb.14
35'A
5
1274
321/2
31%
41
54
27 Va
Inc:.
38
343%
OIL of '• Indiana-Li—.
25
of New Jersey—.—25
Stores
*37
30'4
35
103%
preferred 1
38'/2
3074
553%
2 8'A
convertible
3% %
*37
.
42 3A
*27
Sterling Drug Inc 'common—;
l,50p
32
623A
Sterchl Bros
27
2,400
30
4174
*102
Starrett Co (The) L S
12%
*29%
3274
No par
Steel
1274
30
427/a
131
4%
*37
35>4
400"
12'/a30
12'/2
r
63%
5,500
30'/2
.
32%
No par
Standard
24
39% Mar 30
100
3
Jan
127a
29'/2"
*62%
12,900
38'A
12 3/a
29 3A
11%
774
55%
12%
/ Apr. 2
4
8
4
4
*55
293A
63%
.;r
55'%
42%
No par
Oil of Ohio
4
55%
43%
preferred
Standard
600
55
12'A
*67% :
Standard Oil
993/4
44'%
32%7
preferred
Standard
99
*43
30
*5%
$4 pref—No par
99'A
8
12%
$ per share
No pa?
do
*993/8
230
45
30
com—No par
Inc
31,500
774
42%
*;i%
„5
1
16 3/2
*43'A
32%
*62%
2
16%
8
32%
*54
-No par^
100
16%
46
43
34%
-
161/2
1674
55
5 4 3/4
5474
99
*1674
4'4
-{
77/8
32%
prior
7
'16% Jan
54%
87%
*97
16%
*43
77/a
46
*43
46
*86
99
1674
43
prior
3%%
7%
*54%
No par
15
50% tyar
113% Jan
1,100
8774
3 2'/2
*4%
& Sons common
11%
91%
700
2674
;
993/2
4
4
4
*43
/
99'4
*98'4
4'%
7%
38%
$7
'
99 %
3%
r
200
'223/4
;
16%
y
*99
30%
21'A
—:
Standard Oil of California
Mar 10
99 %
,•
30%
114
7
100
17
24% Jan
v
*86
16 3/a
16%
16%
16'/a
16%
*16
*37%
$6
2
16
/
54%
*68%
__
G & E
26% Jan
25
*
2574
•
200
1,200
*97
99
99
16
*157/a
16
*15%
P9
12%.
1
.1
preferred
74% Jan
:
4
Feb
36% May
16% May
26
26
>87%
*86
8774'
99
30%
Par
r
preferred
Brands
42% Mar 14
25
Jan
'86
100
30%
_"—1
preferred
Standard
2
41% Feb
«
$4
6
67% Jan
14
87%
*97
46
;•
No par
(The)
Squibb"(E R)
88% Jan
116% Apr
133% Apr
Jan
*86
2 2'A'
2674
LOW AND HIGH SALE
Squar- D Co
127% Apr
4
97
26 3/8
Saturday
...
common
$4.50
10
11
22% Feb
43% May
36% Nov
'
15%
Feb
Conv
21% Jan
Jan
36%. Feb
97% Jun
38
6
27% Mar 30 '
3
65% Feb
*
Jun
11% Feb
3
56% Feb
109
92% Jun
233/4 Nov
i
98 % Jan
-
103% Mar 17
83% Jan 20
18%; Jan
Feb
"
28
«
27
4%
-
$5.5o preferred
Sperry Corp
5
Jun
27
*
Spencer Kellogg & Sons!
70
16
27% May
109% Oct
27%
191%
22%
1,000
35,000
v/,:;;/
i 193%
*19
19 '/a
*22'A
223/4*
*27%
*
1974-.
20
*19Va
38%
100
Spear & Co common
10% Mar 31
23% Feb
Feb
Feb
-
29% Mar 30
100% Feb
86
Oct
7
5
Jan
29% Jan <
Nov
Jan
3;
64
'
95
5
;
*Jan
7% Jan
,
May
116%
115'/a
117%
22 3/4
7%,
12%
STOCK
.v.;
.
14% Feb
23% May
Feb
;
Mar 22
24% Feb
Jun
Dec
118
*19'%
99%
i
*30
Spalding (AG) & Bros Inc—-—1
Sparks Withington
-No par
1
22
7%
*116'/2
27%
*54% i
EXCHANGE'
/
.
Dec
61% Mar
V 11974
118
lift.?*'
116
22'%
16%
*43
1—No par
Mobile & Ohio stock tr ctfs
9
4
203/4
23
223/2
7%
non-cum
Range Since Jan. 1
$ per share
.
22%
30%
Railway common—No par
preferred
100
4
8% May
2274
*37%
Southern
26
10% Feb
4
22%
22%
4
7.50
Co
STOCKS
$ per share
23
38%
7
Jan,
24
Lowest,
20% May
73/4 Jun
Dec
22%
223/2
30%
Pacific
Jan
,
23 Va
*35
*37%
Southern
41
Highest
35
*29%
Southern Natural Gas Co
61
Year 1948
35
25
Edison
California
Range for Previous
Lowest
35 y2
25
preferred
Southern
7
33% Mar 23
63
35
*34%
87%
*98%
pfd—100
4
50% Feb
Jan
35%
35
22%
116%
16 3/a
1
coin-4.50
Co
G
33% Mar
24
Jun
24%
20;">
15%
Platinum
&
49% Jan
3
x397! Feb
July
73
Dec
28 %
*24 »/4
*19%
*15%
South Porto Rico Sugar com.No par
26
43%
3%
24%
*22%
100
*97
—50
preferred
50.
Greyhound Lines
5
Southeastern
18
30% July
Dec
25 Va Mar
3%
24'A
V
22%
*86
preferred
'
'52
33,4
24 3/2
,5
;
20
27%.
Qarpet Co com—20,
preferred
'
100,
preferred
100
Smith & Corona TypewriterS_No par
Socony Vacuum Oil Co Inc
—15
4.20%
8
Feb
99
.■|l'MB
.3%%
3
100% Mar 25
14%
Nov
—
Smith (A) & Sons
31% Jan .24
8
15 y8
96
Corp—
3%
24%
-
-y.y
91
Jun
(AO)
574
36/s
35%
22%
117%
Skelly
7
25
3574
.
3%
24%
/
*35
35%
Jan
'
27%
.
.22%
22%
.21% Jan
7
Jun
No par
127% Jan *, 7
8
23
160
•5%,
*35
Sinclair Oil Corp
200
r' 93/2
*12'/8
3%
Simonds Saw & Steel—*
7
4,100
78'/2
9%
'
Jan
3,000
27'%
78'%
12%
24%
24
31%
27
79
9%
3%
36% Jan / 7
31
28%
12%
2434
31% Feb 25
32'A
'7774
9V2
3%
Jan
44
7874
12 Va
*24%
22% Feb 25
29
,
34%
12%
5%
29
78 "/a
3,900
30'A
9%
Corp of, America
1
Silver King Coalition Mines—".
5
Simmons Co
—No par
Sheraton
5
May
36
Dec
15
Apr
4% Jan
Mar 22
3
7% May
Dec
6
29
78%
;
.
30%
12%
10
*
4"%
33
33
28%
*78
78%
*77%
78%;
34%
J
r—*—15
Pen Co
(W A)
Union
G)___
3,100
7,800
?
18'%
40 74
10
9
'
:
30
113/2
41'A
*7'4
6%
6
8%
51
51
83'%
ll3!
40'A
10
V
6
*5%
V
*83
"
93
13
85
16
8'/a
11%
26%
13'A
•
37%
38%
10
10%
*10
Seeger Refrigerator
7
933/4 Apr
33
7,500
8
8'A
-■
110
<r
18%
8
37%
.•
13 »/a
85
16%
*50%
40%
8
8
7
Co_
18%
39%
39%
37%
/■:> 8
51
18%
51
7
-
92
*877-4
88 3%
*87%
13%
16 3/4
16%
51
16%
6% Jan
11% Jan
1
*83
493/4
•
85
13%
*84
85
*84
v
11% Jan
8
26
104
91
*91
50
93
93
883/2
88 J/2
13%
13%
13%
85
39
99
11%
-
27 »/4
*48 >/2
49'A
95%
—No par
38 34
83
1174
3,900
393/4
3874
8'/a
83
2674
27
26%
49 %
*93
-5
:
Co
&
11'A
49%
No par
Del
—,,
Roebuck
8%
*823/a
1134
95%
18%
Sears
8 3/s
83'/2
11%
273,'s
263/4
27%
26%
*50%
Seagrave Corp
8
S'A
*823/2
-Zoo
-1
Seaboard Oil
7
8 / Mar 31
874
21,200
10%
97a
10
250
4,500
38
3774
98
*88, ;
90
;
8%
*49%
-100
Seaboard Finance Co—
974
3,500
1974
111%
111
98
"
11%
11%
11%
—100
.
series A
preferred
500
.
38
3874
11%
*82 3/4
84
*88
90
se'A
"
102
*99
1013%
83%
8%
8%
8%'
*82%
Seaboard Air Line com v t c__No par
5%
700
.900
11
19'/a
19%
11174
37%
1
,
lO'/a
10
38%
39
383/2
38%
38%
10'A
103/8
10%
10%
10%
10
c—No par
v
39%
39%
%
19'/»
111'/2
111%
39%
16%
11
•39% Jan
19%
*110%
(The) common—5
Co
3.35% preferred
„
7
Jan
Jan
104
Feb
55
4
Elec
Scranton
19% Mar 18
Jun
43% NOV
0y2 Dec
94
91% Mar
18% Jan
Dec
5%
8
13
14% Feb 11
49% Mar 4
Feb
9%
12
Jan
19%
111%
—
49% Mar 30
x96
16% Jan
Mar
5
Jan
83
Apr
62%
Feb
35%
12%- Jan
26% July
Feb
15% Feb
31%
7
20% Jun
Feb
44
6
Apr
27
30% Jan
24
19%
*110%
Co—100
5%
non-cum preferred
100,
St Regis Paper Co common———5
,1st pfd 4.40% series A
100
Savage Arms Corp
5
Schenley Industries Inc
1.75
Scott Paper Co common—No par
$3.40 preferred
No par
Scovill Mfg Co 3.65% pfd——100
7
-
Jan
12% Jan
85
88% Mar 23
Apr
15% Jun
Dec
9% Jan
>
5
25% Feb
92
Jan
93%
;87'/3 Nov
8
46% Jan
May
95
Nov
-
19 >A
19%
10o
10
St Loui6 Southwestern Ry
19
Jan
5%
,
*1074
11
*10%
11
11
11
11
11%
5
—
:
A
'
*49
*2*
,
.^1
series
Preferred
25
91
16
"
"
*10%
11 %
*10%
5
——;
St L-San F Ry Co com v t
26
Jan
J.9/V)
11,500
25%
(The)
9%
300
7.,
4%
9%
9%
25»/2
preferred
St Joseph Lead
423/iJan
122
19
*4'4 :
9%
5%
12% Jan 25
-
7
Apr
87
Jun
101
Jan
58
-
19
4%
25
'
Stores common,
36% Mar 22
4%
*24 3/4
Safeway
98
193/4
*19
4%
97/a
19% Mar
16% July
19
25 >/z
3
48% May
30 »A
*4%' "
4%
25%
16% Jan
Feb
,,
20
4%
37.200
9%
(Jacob)"
Feb
29%
19
30
.
*19
3074
24%
Ruppert
8%
4%
29%
*24'A
12% Mar 12
32%
19%
4%
30'A
29 'Ar
9%
3
3
29%
*18%
4%
600
25%
8% Jan
48% Jan
28%
19%
540
1774
24%
Jan
8
28%
4%
200
/
*16%
17
9%
Ruberoid Co
37% Apr
28%
*18%
.17
89 »/2
106
106
25%
Royal Typewriter
Jun
29-
17'A
*17
*88'%
108'
24%
3
61%
Feb
39%
17
*44
89%
106
9%
8
16
106
17
45
45
'
v
*88'/2
89%
10574
7,400
26
55% "Jan
113% Feb
106
17%
"
*44
45
*88 %
105V2
70
3C0
.36%
36%
24%
'18% Feb
110% Mar 30
89%
5%
36%
6
*5%
9%
4
Jun
*17
17
17
45
*89>/2
106%
106
106%
106%
*44
574
"36%
2,20'J
102
102
36%
•
36%
17,600
21%
21%
102 3/a
<5
*44
45
88%
89%
36'4
88%
*44
45
89%
6%
36%
*6'4
i
474
21%
47a
5
.
•
102'/a
*25%
25
113
6%
474
*21
21%
103
"
36%
■:
5
;
*23%
Apr
8
4%
21%
*102
25
2
preferred-:
Metal,Wks Inc
S
16%
6%
36%
—,
conv
21% Jan
8*4 Dec
'• >,'■
22'4
102V2.
Shares
Controls com—1
Robertshaw-Fulton
Ronson Art
6%
36%
*44
—No par
——No par
Corp
Ritter Company-:
12
5% Jan
21
4
8 3% Mar 25
„
Richfield
30% Apr * 8
23
4% Mar
7% May
47/a :
43/4
22
*102
102
*6'/a
1/
Manufacturing Co
102
36%
—100
series-
4.50%
$ per share
V
4%
22%
for
galea
share
S per
$ per share
$ per share
the Week
Apr. K
Apr. 7
Apr.«
'
series——100
3.60%
Preferred
Mar 25
107
'
Preferred
4%
22%
103
'101%
Reynolds Spring
1
Reynolds (R J) Tob class B—-10
Common
*
10,
*
4%
Friday
Thursday
Wednesday
Apr. 5
223/a
4%
22
PRICES
SALE
Tuesday
$ per share
$ per share
Par
—2,50
Reynolds Metals Co com..,
No par
5%% convertible preferred
100
28
43
V
■'
Rexall Drug Inc
6
Jan
23
8
99
104% Jan
5%
5% Jan
19% Feb
Apr. £
$ per share
:,
4% Mar 23
Apr
Mar
92
$ per share
share
May
LOW AND HIGH
Monday
Apr. 4
Saturday
STOCK
EXCHANGE
Highest
Lowest
YORK
NEW
Range Since Jan. 1
Year 1948
r."
RECORD
STOCK
v
STOCKS
*r
Monday, April 11^ 1949
FINANCIAL CHRONICLE
&
YORK
NEW
•
£
ft**
i.
,
70O
700
:
-
100
Volume
169
\
Number 4793
•
THE
COMMERCIAL
Range for Previous
$ per share
28 %
8
$ per share
Dec
3/4
Dec
-
Jan "
26
*
9% Mar
52
,
67
8
49
25% May
71% July
58
25
5
Jan
4
Oct
17% Feb
26
48y2 May
65% May
33% Feb
7
-
pec
%
24
7
Texas
Jan.-7
17% Jan
Co
Gulf
Gulf
Texas
Pacific Coal & Oil
23% Jan
7
•
Producing
Sulphur——
10'A
21%
85%
*851/2
43A
.43/4
I
10%
■>10%
3%
16%
53
—11
'
15%
64
*85%
434
53%
15 3/8
64
share
30%
29%
30
2,300
10%
10%
10
10'/a
6,000
21%
22
21%
221/B
8,000
85
86
«)fl
pet share
4%
'
10^17
3%
*3%
16%
16%
4%
53%
-..14 Ve
Jan
Dec
461/4
Jan
12%
hpr
15% May
10% May
5%
Dec
34%
Dec
6%
Dec
131/8
10%
Feb
Feb
59% May i
95'A Jun
19%
Feb
17
2
Dec
»
Jun
*
14
Feb
54
53%
54
11,300
r
161/4
16
16%
15%
16
15%
15%
6,600
f
62%
f
53^8
15%
-1
631/a
62
62i%
61
62
60 %
61
3,700'1
July
Jan
3
16% Feb
11
39% Jan
Feb
Jan
10
Jan
22% Mar
10
19%
20%
19%
20%
lj34
20J/8
19%
19%
183A
19%
7,900
46
45%
46%
4534
44
45 Va
44
44%
9,100r '
*42%
*•'
19
.
Jan
Apr
10% May
107% July
12y4 Mar
16% Feb
11
••<73/4
98% Feb
10
xll% Feb
24
17% jujy
191% Aug
25% Mar
19 % Jan
3
313/a
Dec
361%
Jan
32% Jan
6
Jan
100%
Jun
98% Jan
13
8% May
4% Jan
3
92
45/a
Dec
Jun
32 V2
Jan
Dec
5%
t
141/4
Jan
Feb
11
13
6% Jan
10 Va
3,000
14%
14%
2,000
.
5%
300
■'
5%
.
%
5
A"'
*27%
■-
*12%
5%
*36
5%
37
•A.
'*4%
37
-
: >.■•
5%
37..;
4%
*19
19%
19 Vb
19 Va
*8%
8%
*8»/2
*13
88
"•
2%
2%
*26 y8
*26 VB
27%
lo
-22%
22%
—No par
1043/4
104% >
i-5
173/a
5%
—2
*11%
-5%
38
*36
*36>A
18%
83A
18%
18%
18%
18%
*8V2
83/4
41%
.
41%
.
41%
A
*86
*8%
2%
2%
27%
/
*25%
26%
22%
22%
22%
22%
A
105,
8%
*25%
22 %
105
.
1,300
2%
1,000
27
—.
22%
104%
104%
14,100
220
."17%
17'A
...
17%
16%
17'/a
17
17%
16%
17
42%.
42%
41%
41%
41%
41%
41%
41%
41%
41%
2,600
11%
11%
113/B
11%
11%
11%
1174
11%
*11%
11%
2.900
■'1.2%
12%
*15,
17
.
12%
16
*15
A
7%
*983A
.
-
7%
7%
99%
17
12%
16%
,7%
99%
.7%
99%
4
12%
*14%
99%
7%
Va
99
A'
.
•
12%
12%
12%
123/4
*14%
16%
73/8
7%
•7%
73/8
99%
99%
99%
99/8
*14%
A
.16
5,600
12%
•
12%
*14%
-
16%
7%
7%
.
*99
5,300
—''
20,100
150
99%
5
12%
12%
12%
12 V*
•12%
12%
12%
12%
.12%
12%
11%
12
par
21%
217/a
21%
223/a
21%
22%
22 V*
223/s
21%
22%
22
22 Va
conv
preferred
No par
$4.50 prior
preferred
No pax
City Rap Transit-com„No
.A
5%. conv prior preferred
Twin Coach Co——
_
88
•2%
22%
104%
1,000
40 3/4
26%
22%
'
Co„
*8%
40'A
2%
*25
10
1,100
18%
*86
88
2%
.
105
105
41%
i *86
900
4
*3%
83/4
41%
■;
88
V
■A *104%
36%
.36%
4%
*26%
1043/4
5%
3%
2 3A
A'
5%
4%
2.3A
22%
5%
5%
11%,
.
"12%
No par
22'%
-104 3/4
17%
■42
A".
27%
u"
13%
4%
v
88.
290
'
13%
42
No par
1
2%
3
No par
*8%
41
*13
*33%
100 Vu
33 Va
34%
*99'A
"
•
"
19
*86
27
27
27
*26%
13%
>5%
5%
*5%
'
27%
"
*36
,■
4%
18%'
/
41 %
*86
*4%
8%
*41 Va
common
,534
27
*13
-
com__No par
—
*5%
,1
13%
41
Axle_.:_^_;
/
28
13 >A
5%
■- '
37
.
28 V*
*12%
83
com
5%
5%
*27%
:
41
Twin
7
10
14%
'
400
10%
14%
*86
Century Fox Film com—No
$1.50
44%
10%
143/4
4%
15
Bearing
Coal
44%
10'A
14%
190
j—
Corp
43%
10 %
15
No par
com
Corp
43%
10%
14%
*4
—LI
preferred———
20th
♦
29% Mar 14
*3,6
Transcont'l & Western Air Inc
5
Transue & Williams Steel
No par
Truax-Traei
•
-73/4 Mar 14
.
Detroit
$6
4
(The)-.
preferred
Roller
Mar 29
34%
•
Co
Tri-Continental
100% Mar ZS
:
preferred
50
Transit Corp__No par
Timken
4
15% Jan
U
-5% Feb
25 ;
.
Mar 30
22% Apr
4
■
4
.102% Jan
conv
Steel
Transametica
9
13% Mar 30
4
6% Feb
div
5%
'
43%
10
15>/8
•
5%
Timken
>■
5-3/4'
5%
43%
10%
*15
_l
Avenue
$3.75
10
Mar
15 '
45%
43%
.43'%
10%
10%
15
13%
$3.50 cum preferred.Tide Water Associated Oil
43% Mar 30
<: 12
10%,
*42
28%
preferred—.
Thompson-Starrett Co
'
Nov
24
Jan
.
50c
*12%
Thompson (J R)—_
Thompson Products
Mar 31
42%
*40 3/4
*27%
4%
1
25% Jan
14 3A Mar 28
*
J
29% Jar.
19
233/4
v
Jan
105
4
May
Mar
■
'
3% Jan
'
25
24
$2y2
Third
54
44
—No par
common.
537/8'
19%
preference—_No par
Co
1,000 A
44
No par
'Thomas
Jan
9
preferred
200*t
•
19%
100
common--——
conv
Thermoid
'
45% Jan
11
20% Feb
19
89
•
Inc
conv
$2.4o
v
7% Jan
20
i
5
103
6% Jan
Pacific-Ry Co!
___4 f
3%
16%
'
44
_l
—
! The Fair
37% Jan
i
11 -t
Jan
2% Feb
Nov
13%
Nov
5%
86
-
23
39 3A Feb
■
23% May <-
Nov
15 y4
11
55
Dec
9%
Mar 23
18% Feb
Jan
104%
Mar
7% Feb
32%
...
Mar
40
96
•
&
ctfs
3,600,
10%
>3%
AL6 Va
'
.'Thatcher Glass Mfg .Co common—15
8
i!13% Mar 16
2
share
$1.25
29% Feb 28
>
Jan
311/4
Jan
ey8 Jan
1
<
3
3
393/4
95%
Textron
7
■
v.
85
19% Mar
7
Sub
-
-
153/4 Jan 22
35
Oct
4'A
Texas
12% Jan
5Vb Mar
t
Jun
1% Mar-
3
2 5 7/8 Mar
-
.
7%
10
4% Mar 21
i
Jan
11% Jan
*
5
46
24
Apr
24
28
-
9/
Jan
Apr
19
471/8
Feb
14% Feb
46'A Apr
'
*10
3%
>
110
4%
4%
101/4
16%
Shares
87,
16%
*33a
■
v
*85
4%
*10
^
3%
-16 Va
;
53
157/8
63 %
$ per
30
87
v
4%
'•
103',
3%
T6%
4%
•,
the Week
221/a
•
*85%
87
*101/4
•
3%
16-% f
53
53
15%
63%
__No par
:
10
:
.22
fo« |
Sales
29%
10%
22 Va
Friday
Apr. 8
10%
29%
10%
21%
10%
>161/4
$ per share
30*
4%
<.
Apr. 7
TO'/a
••
87'
■*•3%
-
-
29%
■
.22
v*10
3%
016 %
25
Texas
Texas
10%
;
5,
I
7
10'A
-4%
9
——A-
..
30
213/4
Thursday
Apr. 6
$ per share
30
21%
Corp_—:
Corp
$ per share
293/4
*85%
„1
(James)———
Telautograph
,
-Tennessee
.23
\
Wednesday
Apr. 5
10V4
Corp_
Tuesday
,
Apr. .4
29%
Ltd—
,165% Mar 11
8
.
May
Dec
Feb
40
20% May
Dec
25%
•
/ 7 V
55
Gould
Monday
y
t$ per share
—25
y.
Taicott Inc
>
v4% Jan
10
13% Feb
v
7
CO
Symington
r
17 % Jan
.
International
Sylvania Elec Prod .Inc com—No par
$4 preferred
:
No par
2
.v ••103/4 Mar
1-
"V Feb
7
,
Mar
5% Jan ,7
3% Feb 28 :
X15V4 Mar
Jun
10%,: Dec
v
10% Feb
89 •'
<fe
Swift
(1579)
Texas Pacific Land Trust—A
X14%
...
24
Feb
45%
:
r
Nov
.
29
•T
7
Feb
19
5
Jan
Par
SWift
.'
21
241% Jan
7
;
-4% Feb
11% May ;'•
5% Jun A \
15% Nov
•
12 * Feb
82
,
.19% May
Nov
.
47
-
32% Jan 25
20% Feb
Aug
Saturday
Apr. 2
$ per share
4
3
CHRONICLE
LOW AND HIGH SAL* PRICKS
YORK STOCK
?'-••» EXCHANGE
8 3% Jan
jVa May
'33/4 pec
14%Mar
NEW
-t
Highest
>4,
28% Jan
Jun
•
91
43A Mar
;
,
'
$ per share
Jan
22
Feb
79
36%
Dec
17 y8
Range Since Jan. 1
Lowest
Highest
FINANCIAL
M-
STOCKS
Year 1948
Lowest ";
&
pai
6%
7
60
*27 y2
A
"
'*99
28
341/4..
1,00%
»A
28
•*27%
1
*6
6%
1
■>10
10%
33%
34%
...
*99'A
■;' 7'" '
■
•
A
7
7
■
100%
•
28
6 Va
6 %
■ ..
100'A
4
*7
28-
'■
g
6Va
*33 %
100%
7%
*7
28'A
28%
6%
6%
A-
6%
34%
*100
*7
28'A
6 %
34%
*100
'
■7%
*28
.
*33%
333/4/
3334
100
7
600'
100%
7
*28
■
3,900
18,800
200'
Va
800
29
150
A
6%
/
500
U
*
9%
Dec
12
Dec
39
591/4. Jun
161/a
Feb
37 %
8% Feb
,40
10% Mar 17
Jan
46
Jan
12 3A Apr
Udylite Corp
12
6
Jun
10 %. Feb
39% May
431/4 Nov
Nov
27% Feb
36% Feb
103
Oct
110
Jun
91
Feb
98
Jun
94
80
Nov
90
2iy2
Feb
'
31% Jan
107
.
'
42
•
Jan
_•
111
.
Jan
94
'
92
25% Feb
12%
-Union Bag At Paper^.,;—*No par
*28%
29
29
7
Union Carbide & Carbon
No par
AUn ErCo of Mo pfd $4.50ser„No par
Preferred $3.70 series——No par
4
31% Apr
Mar 31
79%
Nov
77% Feb
25
Sep
51% July
48% Jan
3
51% Feb 15
313/4
Jan
41%
.31 4
22 y8
Dec
Jun
Mar 28
•Union Tank
5
"
•"
30% May
,
Nov
Nov
a
57%
Nov
■4
19
Jan
»■
1103/4
Jan
:
38%
Feb
2%
36
4July
45% July
Nov
41
Dec
.55
■
2ya
Dec
4%
*
Dec
163/4
Feb
37%
48
Feb
183/4
Dec
11%
'41% Feb
3
Dec
41
Jan
,4
Feb
60
Mar 17
.
28%
Jun
17
Feb
Jun
35
Apr
7
preferred
United ^Biscuit Co—_No
$3
preference
22% Jan
21
24
21% Apr
7
United Gas Improvement Co
93/4 Mar 23
May
12% Jan
7
United
A
Year 1948
16%
'
Feb
89
15%
Feb
Nov
8
S per share
101
Feb
166%
Lowest
♦
179
19%
Dec
11
7
97
16
Feb
8
173/4 Jan
8
97
Feb
11
104% Jan
20
175
Jan
10
180 % Apr
5
8% Jan
24
17% May
76
4%
42%
Dec
173A
Dec
7% Mar 25
Jun
-
50 y. Mar
8
19 y. Mar 23
Jan
8%
Jan
7
Jan
Jan
57
14
Jan
27
21 y2 Jan
7
4
Mar
9
36
Jan
16
Mar
9
21
Jan
Jan
113/4 Jan
3
16
Apr
7
93/4 May
7% Jan
19
.;
'
$4.50
'
U
S
U
8
YORK
STOCK
5'A Jan 14
/■
1st
U
Leather
S
53%
July
43
Feb
8
49 y2 Jan
28
58
July
52% Jan
12
59% Feb
4
U
37% May
20% Feb
94
82% Apr
49% May
121
Dec
May
38
8 Va Mar 26
14
253/4 Mar
88 y2 Feb
5
25
43
4
133
Jan
1233/4 Jan
37% Nov
58 Va
Jun
393/4 Feb
7
63%
72
Apr
643A jan
13
87%
Oct
69
Jan
3
78% Jan 27
140%
Jun
134% Apr
1
.19%
129% Mar
45% Jan
72
12
Feb
Jan
18% Jan
4
140% Jan ,26
21% Apr
4
Nov
42% May
38% Jan
3
43% Feb 16
.6% May
98%
Jun
A6%
4% Feb
Jun
2%
22
Dec
Dec
I
1
20
19
Feb
Feb
Jun
23 y2
Jun
170
Dec
42
14%
70
15%
1
27%
15% May
267A May
July
Mar
>,
5
7
4
•
Jan " 8
Mar 29
25
17
5
10
3
19% Feb
"**
Jan
25 f
43% .Jan
Oct
5
3
Feb
11
9% Jan
3
7
^
8
Feb 18
193A Jan
156
May
Dec
Feb*
Fab
3% Feb
-
-
Feb
9%
21%
85% Jan
121
May
15% May
Dec
7%
10% Mar 30
8
Apr
2% Jan
Jun
10%
:
3
81
'•
Jan
Feb
Mar
150
12 y4
;34
24
8% Jan
12% May
Dec
213/4 Mar 22
17% Jan 17
5% Mar 30
21% Apr ' 6
165
Feb
-1
8% Mar 29
50
24
„
Apr
Jan
6
Co
7
493A
31%
;:'3i% ■„
26%
26
*108
A
*72%
73
.£2
-
22%
: 32%
33%.
*32%
'
*4334
7.1%
,22iA
t
Rubber
S
.251/4
*108
13%
72
96
90%
90 3A
313/8
30%
311
7,400 ;
81
81%
4,000
49 %
49%
1,200
*31%
32%
2,100
25%
10,000
32%
25%
25%
103
108
221/4
?
441A >■
A
6%
r
8,800
72
72
72
71%
72
1,300
22%
22%
»
22%
22%
21%
21%
1,200
Va
6 Va
32J%
32%
34
*31%
32%
'3%
3i/2
3%
45
45
.
6
\
45
.
2%
•2%
44%
44%
443A
44%
3
2%
*5
5%
*5
*60
61%
60
*17%
18%
18
36%
361/4
36%
*5
5%
60
A'
w
-.45 ::
44%
18
*36 V*
3
*5%
33
61/8
*
34%
32%
31%
313/a
300
3%
3%
3%
24,400
453/8
44%
45%
i 1,170
3JA
3%
3%
63,300
45
*17%
45
5%
*60
45%
"5V»
62
62
35
35%
50%
51%
50%
51%
50
50%
21%
10%
21%
21%
3,000
10%
10%
7,400
*17%
51%
50%
50%
20%
20%
21
20%
21 Va
211A
213/a
'21%
10%
10%
10%
10%
10%
10%
10%
10'A
Monday
Saturday
Apr. 2
c
Tuesday
Apr. 4
Wednesday
Apr. 5
18
17%
22%
22%
22%
*95%
957/B
*16%
17'A
16%
16%
*16
16'A
16%
16%
100%
101%
1003/4
1013/4
*179%
i8oy4
180y4
99%
100
100
*180'A
181%
..
100
180%
4
8%
8
1st, preferred
*7%
8
8%
8%
*50V4
52
50 Va
50%
50%
50 Va
50%
20 Va
19%
20 Va
*19%
20%
20
4V2
183A
*4%
4%
*4%
18%
18 3A
183A
*18%
14
14%
14 Va
14%
14%
20
Va
*
y4
4
*7%
9
*7%
9
*7%
8
A-,
4%
*4%
*180%
,
19
153/s
9
39%
100
441%
43%
5o
50
*70
•73
1253/4
44%
43%
*70
72
125 3A
9
"8%
82%
125
'
,
45
,
*85/8
20%
213/4
83%
383A
39%
1253A
125 Vz
10
Feb
16
13% Jan
20
Jan
3
22 Va Apr
May
85% Mar
5
89
Feb
10
86
Feb
95
Jun
85% Jan
5
90
Feb
1
24.
6
1
1
pfd—5
,,-Nopar
conv
preferred
Universal-Cyclops Steel Corp
Universal Laboratories Inc—
*8%
9
443A
*44'A
45
700
56%
*56 %
57%
200
5%
4
3%
} 5
com_lio par.
*21'A
*161%
Corp of America—No par
Co
—2.50
Co
non-cum
'10%
*
Co
Pacific Ry
preferred
2.50
com_100
—100
>
'
1253A
213/a
21
83%
*81
33%
10
39%
39
39%
5,300
125%
126
44%
72
70 Vz
70%
71
72 y»
'723/4
71%
72%
135%
135%
135%
135%
21%
,21%
21%
21%
42
42
42%
42%
126
71
73%'
45%
■
4%
-
•21%
21%
8% *:
8%
*-
49
49
22'A
"22%
',10%
22 Vi
*11%
.22/8
3%
16%
5
21 y4-
49
22 "A
*10%
10%
22%
22%
1
87
t90
y2
11%
:22
'
<
11%
22
86
86
.87%
87%
10%
*80 3/8
3%
-*22
.
1
*16
135%
21%
,
42%
*4%
-
,/
44%
44 3A
44%
*71'A
4 5/«
43/4
10%
43A
10%
82
(10%
*4%
10%
4%
10%
*
f
82
•*80%
3%
25
.
*
3%
5
*22
16%
*16
*
*803A
35A
<25%
16%
33,8
*22
15%
81
3%
71%
135
,
21%
*42
4%
10%
81
3%
25
24
16
*16
21%
126
6,600
1,220
44%
72
723/a
4,400
135%
2,500
21%
2,100
43
4
,110
5/8
2,700
3%
24
16 Va
100
1,700
100
-*2i y4
21%
21%
21%
-*21 %
21%
*213a
213/4
*162%
1633A
*162%
163%
*162%
163 %
10
8%
8%
8%
5.700
49 Vz
49%
420
(
4%
'
v
8V2
8 3/8
49 Va
49%
49 v2
50
2m
C*21%
122
21%*
10%
TO'A
*21% * 22»/2
.
8 3/8
4%
8%
*49
21%
50
2134
21%
21%
10'/2
10%
*10%
10%
*10%
10%
22%
*22
23
11%
11%
*11%
21%
*21%
21%
86%
*85
86 Va
86%.
*863/4
88
86%
4%
21%
21%
-*85
4%
2,700
600
'
8%
A"
*4%
11%
11%
11%
21%
21%
23
11%
21%
,
700 >
(*162% 163%
-
4
'
;
100
10%
81
4%
;
'■
A
200 11
33,300
4%
8V2
'
•
21%
4%
10%
82
:162V2 162%
164-
135.
'
4~_
' 385/a
,
44%
*42
25
16%
;22 Va
*87%
*22
5%
*21%
ill 3/8
*86
3%
3%
16%
1
*47%
•10
10 Va
*80%
125'A
8%
*21%
"4%
;
•82
*16 V*
—100
&
4 3/s
•10%
-
480%
1
preferred
Chemical
43%
1
Inc.————10
Vertientes-Camaguey Sugar Co__6y2
Vick
21%
**42
v
—
"81
A
,72%
44
■
135'4
; 21%
43'A
4%
*22%
Co Inc coin/.—_1
Vicks Shreve
134%
21%
50
Pictures
Vanadium
135 Va
'21%
*.42
100
Tobacco
preferred
Norman
15% May
29% Jan '•
25
United Wall Paper Inc common—^2
Leaf
>1343/h
No par
com
73%
100
1,100
18,600
56%
20%
57
*81%
-'
9
4%
1,900
.44%
45'A
—
*56%
4
*70
r
72
72%
73%
20%
15%
46 A
-
150
18%
22%
*125%
1,500
*4%
39%"
,
20%
10
8%
50
4'A
82%
393A
203/a
10
181 %
16-A
22
84
*49
18 5/8
56
223/4
20%
*7%
50
4%
56
39%
*49
15%
*45
223A
*180%
8'A
'
18%
57
*82%
181 %
99.
4%
46
39%
125%
3,800
100 v*
183A
*56
84 %
900
100%
100
15 3/8
*45
22%
17%
183A
57
227/b
*16%
15%
453A
;39%
95%
16%
22
15%
*55%
*82 %
7,900
*95%
8%
.
Shares
22V»
22%
95%
19
*45
10
■
the Week
16%
20%
100
Co
preferred
conv
4'%%
'
Sales for
$ per share
22%
50%
No par
com
common
United Stores $4.20 non-c 2d
8%
10,300
*95%
."
181%
*i8oy4
/-
5
10
non-cum
Universal
2,400
•
Apr. 8
$ per share
22%
95"%
1
preferred
Universal
'
500
36
Friday
Apr. 7
$ per share
*95'A
No par
preferred
United stockyards. Corp.—
$6
17%
*35%
Thursday
Apr. 0
$ per share
$ per share
95'A
22'A-
No par
A
common—
Corp
Tobacco
1%
~4o
36
22%
common
Co
Raalte
.94
page
1%
U 8
4,300 4
;.
35%
95%
class
Smelting Ref & Min
preferred
S Steel
•
5%
62%
*17%
361/a
50%
$ per share
No par
7%
U
45%
*5
*61
,
18
'
j
45%
5%
62
1,900 •
"
18
36
3%
•45%
44%
*
V.
1,500 j
34
3%
3%
*51/8
,61
5%
5%
33%
*31%
45'A
3
5%
A,
•61
100
13%
-
'
3
108
13%
33
6%
32%
*■31%
:
.
60
13% A13%
100
common
non-cum
U S
31%
109%
13%
*93
'
160
81'A
.
.49% .,49%
25%
*108
28,200 '
91%
81
32
25%
•■
13%
3%
44%
44%
^
26%
109%
,
*93
,49%
I 4,500
111
*
32% A
"A3
3 Va
>3
6 Va
31%
7.1%
32'A
6
*491%
13%
,22%
*'•.
32%
6%
33
>108
13%
73 ' r V
72%
%
49%
31%
26%
109%
-
13%
22
f
6
•33
26%* j"
26%
*108
109'A
•»
13% AT 3%
49 J"..
.311/4
22%
com
preferred
Van
27
Dec1-
493/i
,
,
31%
95%
Pipe & Foundry—————20
Playing Card Co
10
S Piywood Corp common
1
33/4% pfd series A
100
Van
Jan
Dec
see
50
100
common
conv
11% Jan 20
10 %
footnotes
80%
No par
20
Machinery
Co
24
85%
For
.79%"
'
r
37%
>110
*
4% Mar
Dec
U
Mar 17
17%
8%
80 %
22%
S
Jan ;21
37
85%
AV2V0
U
1
26
Jan
Dec
78%
.
"
Feb
137%
67% Mar
80
*95
U S
8
&
Lines
S
Jan
Dec
78%
Par
preferred
Partic
U
Feb
Dec
80
No par
preferred
U S Industrial Chemicals
49
Dec
x30%
97
No par
Securities.
preferred
Hoffman
S
39%
37%
*90
31%
<
-'.i'1'
4 % Vo
Dec
86
91%
31%
10%
Freight Co
Gypsum Co
7%
U
73/4
22 Ya
*90i/2
20%
US & Foreign
21
21%
11% Sep
*94
1
-
28
37%
27%
37%
111
96
'•
91%
1
/' ■•.'•'•■!
V
'
Jun
Dec
share
94 ■" Mar
4
24% May
1133/4 Jun
Dec
$ per
28%
37%
*110%
900
STOCKS
NEW
.
28
37%
110%
31%
EXCHANGE
23
183/4 Feb
Jun
54%
.
Highest
$ per share
32% May
Feb
92%
Range Since Jan. 1
Highest
2«-ya
37%
110%
97 f-
13 V%
Inc
281/2
V
»
91%
51
Mfrs
*04
97
*91 Vz
50%
&
1,600
38%
110%
*94
Col_^_„T_^__No par
Merch
1,400 '
12%
-
31
-5
18 Va Feb
'
10
44%
12%
31%
3PA
par
United Engineering & Foundry—T>5
United Fruit
Range for Previous
$ per share
^4
10
441A
12%
.49%
United Board & Cartort ;Cerp
10
Carbon Co——-——No par
'United-Cars Fastener Corp-^No par.
Unite Cig-Whelap -Stores com—30c
United Dyewood jCorp common—-1
1% preferred-/—
100
^United Electric Coaf Cps—
15
Jan,
10
44 3/8
12%
92
United
$3.50 convertible preferred——100
'United Corp cominon——
11
*9%
443/8
123/4
*79%
-5*
100
a——100
10 y«
44%
12%
30 Va
common___10
39'A Jan. 20
543A Mar 7
211/2 May
Lowest
Jnc
49% Feb
58% May
23
/
65
23
•46%
,
6
•3%-Apr
,45% Mar
5% Jan
24
Apr
3%-Apr.
45% Apr
3
May
9
•
33% Mar J7
;
10
'2% Jain
.
12
9
Air Lines
-AVs'/c
18
3
2% Feb
Jan
82%
Jan
7% Jan
;38%Jah
26
29% Jan
47% May
4
Feb
60
jFeb 26
22%, Mar 30
3% May
;
Feb
X39y2
30% Feb
<Corp common
preferred-i
convertible
'
74
19%.Fei?
5 V. Feb
'
Dec
Aircraft
5%
/.United
10
,44%
.
30%
No par.
—
291/8
37%
•110
92
'
United
Mar 24
14% Mar 29
61%. Jan
Oct
,
96% Mar 30
109
Jan
10% Jan
.
90% Mar
♦15%
Feb
29
107 '
Apr
23'A
6% Dec
27%
.22%: Feb
Jun
191/4
Car
28%
-
A,
12%
111
97
30'A
•
•
9%
v
44%'
29 %
1
110'A
110%
*91%
"
103 %
>94
series-^^—No par
25
..Union Oil of California—^
5
363% Jan
$3.50
'Uniori Pacific RR Co com-*—
50
4% nonrcum preferred—!50
89% Jan 21
45%
Preferred
•■>
10
44%
12%
38% ..38%
38%
38%
mo
10
12%
12%
38% July
96i/4 July
A
10
44
10
"43%
44
44
*11%
Jan. 13
86% Jan
'
—„......No par
Rubber Co^5
7
.
Jan
Apr-
Jan
(The)
-Underwood ,Corp
Union Asbestos &
1
97/8 Mar
27%
Jan
800
400
23
1,000
113/8
3,000
21%
1,900
*85
86
*85'
86
10
86
36
*85
87%
60
,
t per share
Dec
48%
85
Oct
96%
Jun
33% Feb
Apr
Jan
7
7V, Mar
Nov
124% July
18% May
Jan
117%
7% Mar 22
14% Julv
Feb
14%
94
Apr
3
.
11% Jan
21
Jan
21
114% Jan
5
118
Feb
14
Jun
14% Jan
3
20
Jan
19
Dec
23
28 'A
Dec
38% May
29
Mar 28
Nov
34% May
30% Jan
3
24%
Dec
39%
A or
25% Jan
4
25%
Dec
32%
Jan
91% Mar
32% Jan
6
9
Mar
31
1
27% Apr
Jan
13
17*
Wabash
Ry
32%
Jan
30
5
Mar 15
57% Aug
66
Jan
53
Apr
7
60% Jan
28
12%
Dec
15%
Jan
12% Feb
26
14% Apr
6
28
Dec
8
Walgreen
Apr
31
preferred
37
97
*94
97
8
8
8
97
*95
*94
97
16%
115%
*19
27 %
8%
97
77A
7%
16%
16%
*116%
117
*18%
20
*i8y2
19%
*18%
19
19
19
*29%
30
*29%
30
*293/4
30
30
30
33%
33%
33%
33%
33%
33%
33%
29%
29%
29 y2
29%
29%
29%
29%
29%
*29 Va
27%
27%
27'%
27%
27%
27%
27%
27%
27%
33 %
33%
*33
33%
30
27%
730
117
29%
23%
7,500
16%
16%
117
20
*19
300
94
94
16%
117
117
117
2,400
8
7%
95 Ve
95
97
16%
800
36%
97
*94
8
Shares
share
33'A
36%
97
*94
8
*94i/a
$ per
*116 y4
116%
116%
30
36%
97
*94
16%
16%
16%
16%
16%
116
20
*23%
*33
*.29%
5
20
20
Waldorf 8ystem
29
.
25
25
Co common
6% preferred
Visking Corp (The)
Vulcan Detinning Co common
Virginian
12
33% Apr
div
37
8
the Week
Apr. 8
Apr. 7
for
gales
Friday
Thursday
Sper share
36%
36%
37%
37
*94
*95
partic preferred10o /
& Pwr Co com
,10
$5 preferred
—100
Va Iron Coal & Coke 4% pfd
25
6%
share
37%
97
PRICES
t per share
share
8
-
Virginia Elec
17% Mar 14
Jun
15%
Sper share
S per
*94
100
—1
Va-Carollna Chemical com—No par
118
«
preferred
3% %
$ per
*36%
Victor Chemical Works common—5
26
96% Mar 16
8
15% Jan
Par
Apr. 5
Apr. 4
Apr. %
Wednesday
Apr. 6
Tuesday
Monday
Saturday
*
share
38% Jan
11
91
93
29%
t per
$ per share
$ per share
32%
STOCK
EXCHANGE
Highest
Lowest
Highest
YORK
NEW
Range Since Jan. 1
Year 1948
109
LOW AND HIGH SALS
STOCKS
K»(t for Predion*
Lowest
Monday, April 11, 1949
RECORD
STOCK
YORK
NEW
*
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(1580)
24
*29%
32
x31
31
*51%
53%
*51%
53%
14 %
14%
*13%
28%
*273/4
28%
*31
32
*51%
53%
*51%
53%
*13%
14
*28%
28%
*102% 104
13%
13%
1,100
600
30
27%
60
31
*29%
*31
400
•
31
32
*31
100
.
20
W
100%
35%
105
Apr
xl8% Mar
7
21
3
5% %
May
9% Jan
3
11% Feb
18
Warner
Jan
22% Jan
6
25% Feb
1
Warren
15% Apr
7
22% Jan
Warren
Dec
3%
Dec
Jan
24
-
Feb
9
84 % Jan
Feb
24
23% Jan
18% Apr
114
Jun
108% Mar 22
110% Mar 12
Apr
119%
Jun
113% Feb
25
116% Apr
111%
Oct
103% Feb
8
110% Jan
Nov
113
Jun
108% Jan
3
Oct
107
Jun
106
6
108% Jan 26
-
16 %
Apr
22%
Apr
13% Mar
Oct
38%
Feb
51%
Jun
36
100%
Feb
110%
Jun
105
4
41% Jan
108% Jan
Nov
10% May
5
Feb
24
Dec
46% May
16% July
35
Jan
3
;
Nov
8% Feb 24
12% Jan
22
Feb
29% Apr
22
Mar 23
Jan
24
58%
Dec
74% July
15
Dec
26
25
14% Mar
May
39%
29% Nov
7
34% Jan
27
%
Dec
33%
Jun
22% Feb
Feb
95%
Apr
92
Feb
101%
25
37
40%
Dec
Jan
Mar
98% Feb
Jun
15
23% Feb ' 7
Mar 30
Jun
102
57% Oct
42
•
4
Mar
Jan
7
97% Jan
11
Mar 30
July
115
7
28
101% Jan 26
26% Jan 11
1
104% Apr
48% Jan
27
12
83
Mar
92
Jan
83 % Apr
89% Jan
23
Feb
27%
Jan
23% Mar
27
13%
Dec
24% May
13% Jan
16% Mar 30
9%
X53
22% July
Feb
53%. Jan
Nov
28% Feb
24% Mar 29
18% Jan
July
126
Aug
Mar 31
55
Apr
5
30
Jan
12
Feb
31%
9
Feb
19%
11
11% Jan
12
"*6%
Mar
12
May
4% Feb 26
7% Jan
8
Mar
65% May
47% Mar 17
56% Jan
13
17% May
10% Feb
27%
51
10%
Nov
8
Jun
.
Feb
25
69
Dec
88%
Jan
73
Jan
7
12%
Dec
19
Jan
12
Feb
8
13% Jan
Dec
18
xl38
14% Jan J 4
Jun
Dec
Jan
14%
3®2 Mar 23
125
128
4
Jan
17%
pfd
4.20% preferred series B
West Virginia Coal & Coke
West Va Pulp & Paper com__No
4%%
preferred
Air
4%
Maryland Ry com
2nd pfd
non-cum
34% Jan
41%
Nov
49%
Jun
44% Jan
3
Dec
25% May
12% Feb
7
Dec
81%
Rights
X59% Feb
24
Co
Pwr Co
X62
Nov
94
58
Jan
64% Jan
May
.
Jan
66
Feb
73
July
9
Jun
8% Feb 25
Jan
20% Feb 26
11%
22
Dec
34%
10%
Feb
16% May
37
Dec
48
Apr
1
9% Jan
7
Jan
20
24
9% Apr
5
12% Jan
7
33% Apr
May
.7
39% Jan
Mar 30
10
*17
Mfg Co
6
Jan
7
Zenith
4% Jan
15
Zonlte
•Bid and
asked prices;
no
sales
on
this day.
tin receivership,
a
Number
Week Ended Apr. 8, 1949
of and Miscel.
; Shares
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Bonds
Foreign
Bonds
r Cash
sale,
16%
16%
16%
16%
16%
29%
30%
29%
30%
29%
29%
29%
29%
4,600 {
5,300
23%
13,500 ;
23%
23%
23%
93%
100%
26'A
25
*103%
106%
*103
45%
Bonds
$298,000
$1,109,000
549,500
2,409,500
2,809,000
508,000
$10,000
3,327,000
508,500
11,000
—3,496.500
2,714,000
346,100
850,460
3,186,000
300,000
"V.000
3,495,000
$14,357,000
$2,510,100
$30,000
$16,897,109
3,060,100
4,807,395
6,438,690
57,796,904
$5,000
84
120
100
26%'
*26%
27%
*26%
16%
16%
16%
16%
16%
16%
16%
16%
16%
4,000
23%
54%
23%
23%
23%
/24%
23%
24%
23%
23 3A
9,000
*26 %
27%
*26%
26%
•
*54%
>v
55
*29%
30%
*54%
55
*54%
55
*54%
30%
*29%
30%
*29%
30%
*29%
20
55
*29%
.55
55
26%
30%
*
10
10%
•
—
6,700
10'A
10
10%
9%
5%
49
9%
9%
9%
9%
5%
5%
5%
5%
5%
5%
5%
5%
5%
48%
48'A
*48%
48%
48
43%
47%
48
47%
47%
1,300
12%
12
12%
11%
12
11%
12
5,500
*77
78%
*76%
78%
*78%
*12'A
12%
12%
12%
1,000
17%
17%
18,600
•'A
17/64
159,800
'■>'
12
12%
12'A
*77%
78%
*76%
78%
12%
12%
12%
12%
12%
&
32
12%
.
A
17%
%
15/64
15/64
32
5%
17%
17%
17%
32
65%
131
*72
72%
73%
73
131
72'A
73%
30%
29
30
2,200
45%
45%
45%
9,400
21
*73%
75
9
20%
9%
19%
19%
;
35
19%
*19 %
20
*74%
76%
73%
73%
9%
9
21 %
21%
9%
33%
33%
19%
19%
*19%
73
300
1,800
21%
3,400
9'A
9 %
8,700
34%
18%
18%
10.500
21%
19%
9%
1
*33.%
9%
34
9%
/ 34
80
9
73
9'A
90
...
76
*74 %
21%
21
21 y4
9'/a
35
72%
72%
8%
60
66
*64
72%
75
8%
1,700
14%
14%
14%
66
72%'
75
*73%
8%
14%
*64
i 73.
75
74
21
87/s
21%
*72
--_
30
453/fa
,
66
66
66
9
*72%.
73%
8%
*72
73%
73%
100
78%
*128
131
*128
30%
*30%
30%
*64%
72%
*64%
9,200
'
*128
131
30%
30%
30%
12%
17%
32
*128
131
*128
30%
17%
17'A
17%
32
131
.
-•
600
500
68%
68%
69 V*
673/4
68'/2
67%
67%
65%
67 %
65%
67
13
13
13
13'A
13'A
13%
13%
13'A
13%
13
13
1,200
30%
31
31
30%
30%
30%
30%
30
30%
29%
30%
4,300
3%
3%
3%
3%
3%
4
3%
wd When distributed,
Special sales,
x
2,100
4
*3%
4
*3%
Ex-dividend.
Transactions at the New York Curb Exchange
$282,500
$292,500
81,000
596,000
2,459,000
2,510,100
1,913,880
24,029,000
26,514,650
25,963,880
14,357,000
193,366,300
271,899,700
$16,897,100
$26,028,880
$220,759,450
$300,615,080
Domestic
Shares)
8, 1949
-
$31,000
87,000
165,000
174,000
121,000
160,000
$738,000
.
;
—
-
98,075
244,880
220,910
258,330
207,195
222,670
1,252,060
Saturday
Monday
Tuesday"
Wednesday
Thursday
Total
^ ^
Bonds (Par Value)
Foreign
Foreign
Government
$10,000
2,000
1949
$23,000
—.
3,000
15,000
9,000
219,000
$106,000
$50,000
$894,000
1948
-
government
Foreign
corporate
Total
Jan. 1 to Apr. 8
1949
1948
1,817,640
15,536,780
16,910,994
$738,000
$1,452,000
210,000
$15,730,000
2,536,000
53,000
'
$10,823,000
2,417,000
659,000
$1,715,000
$13,904,000
$18,795,000
Bonds
Domestic
Total
$41,000
112,000
179,000
181,000
162,000
1,252,060
Of shares
Foreign
Corporate
14,000
4,000
26,000
50,000
Week Ended Apr. 8
69,018,327
_
\
of
Week Ended Apr.
1948
$30~666
Total
84
84
2,800
23%
Stocks—No.
Industrial
—.
.
16%
Jan. 1 to Apr. 8
1949
shares
———
&
■
44
23%
26%
Sales
4,807,395
Foreign
'
44
Stocks
$811,000
Week Ended Apr. 8
1949
1948
Railroad
83%
' 106,000
50,000
$894,000
'
600
26
106%
*103;,
.
43%
.
120
400
26
26
43
84
100%
106.%.
*103
*83%
84%
*24%
26
44%
44%
94%
100%
*93
'
101
101
106%
*103
22%
A
93'A
93%
94%
100%
*25
,
45
84
84%
84%
25
106%
44%
46
"
23%
23
23%
23%
100%
*93
'
100%
(Number
2.977,000
Bank
>'
93%
93
*100%
Bond
1,860,000
Government
700;
700 !
16%
Daily, Weekly and Yearly
844,860
International
24%
55%
16%
Friday
V. 8.
24
Total
901,570
Bonds
28
24%
16%
9%
s
2,400 V- /
28
24%
30%
23%
Exchange
929,835
of
29%
27
16%.
34%
4>
9,400 !
54%
9%
'30%
1,900
12%
16%
30%
.
39
11%
54%
34%
68%
922,120
8tocks—No.
*38%
>
31,700
55%
10%
*12%
130
/
7%
6%
55'A
35%
*19
358,550
Total
7%
i
24%
Government
Bonds
106
105'A
106
■'
600
'.
27
*24
United States
Bank
38
*37
56
9"%
1
Corp—
Deferred delivery,
Int'l
Railroad
37%
j
56
Daily, Weekly and Yearly
Stocks
14%
*
1,000 f
14%
21
*.
*34%
No par
Corp
Transactions at the New York Stock
-14%
120
,
54%
•
92%
17%
21
20
1
50
common
preferred
Radio
*143/4
110/
>
12
15%
Products
107 %
38%
45%
28
32
110%,
11%
15'A
Corp
110'A
106
1
38 %
45%
& Towne
•,
160;
110%
11%
15 Ve
4%%
40;
116%
107%....
,
27,700;
39
45%
York
:i
11
;
15
Jan
3% Feb
11%
45
Yale
/,
38%
39".
,
11
15%
14% Jan
25% Feb
11'A
39
:
116%
109%
7
7%
7%
7%
6%
6%
39,
,,
<
i
1,700 j
;
110%
*106
340
110'A
110%
109%
-
3,200 <
,
18%
17%
109
117
*116
*105 y4
106
*105
105%
45%
74
July
105%
106
i
20
19%
r
18
310'A
37%
37%
15
12% Mar
6% May
37%
45%
63% Feb 24
35
37-
.
15 %
64Va
Oct
Feb
37
100%
27%
32
Young (L A) Spring & Wlre_No Par
Youngstown Sheet & Tube—No par
Youngstown Steel Door
—No par
Dec
36%
19%
17%
110 Va
y
81%.
*81
:
20
3%
15
45%
•
8
19%
f
143/4
20'A
.81
•110
106
106
15
9
*128
30%
,
110%
*110
».
15%
64%
*70%
*71
*72%
*8%
Co
18
7
?
45Va
W)
(F
Oct
xl9% May
■
110%
15
26 V*
*12%
10
89%
Dec
Dec
116%
110
10
18
Feb
116
109%
15%
11
12'A
24
Feb
116%
30 Va
-
10
69
110
U6»/4
16%
*48%
110%.
;
19%
;
110
•
16%
9
18%
*109
55%
5%
•:
17%
17%
55%
23%
54%
*29%
10
20
19%
57%
Machinery common
Prior pfd 4%%
series
7
79
.
No par
100
Prior pfd 4%%. conv series—100
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par
Wyandotte Worsted Co
5
Woolworth
6
Feb 25
Mar
13%
72% Apr
.
68
8
65%
Apr
96% July
60% Mar
15%
4
66
19 Va
17%
y
109%
.
38%
79
,
31
27-
12%
Co
20 Ve
81% {
203/8
25%
*26%
16%
100
Iron
21
81
*24
—————————————————————————
Woodward
/
20 y4
81 Va
30% '30%
23%
23%
*93%
93%
*100% 101
\
20%
21%
81%
*25%
*25
20'A
21
36%
*103% 106%
45%
45"%
*84%
85
4%
43%
24
16%
*4%
13%
43/4
27
*55%
13'A
4%
*133/8
4%
14%
,
13%
4%
13%
24
79
com
1,000 t
13%
13%
4%
27
12.50
preferred
6%
200;
1,800 ;
*106
108
*14%
15%
36%
36%
105
105
27
*24
No par
12%
100
100
.-
17 Va
107
No par
$4.25 preferred
13%
17'A
110%
No par
Wilson & Co Inc common
13%
17*/i
*106
6%
700 !
133/4
*110
,
700.
13%
17%
*105
24,200
16'A
24%
*16%
107
,
15%
24%
17%
110%
6%
39%
11%
27
26%
16%
24
13%
*106
6%
*38%
11 ,
15%
24
13%
*110
Willys-Overland Motors com
1
$4.50 conv pfd series A
No par
Worthington Pump &
Feb
100
Wheeling & Lake Erie Ry
100
Wheeling Steel Corp com
No par
$5 conv prior pref
No par
White Dental Mfg (The SS)
20
White
Motor
Co
1
White Sewing Machine com
_1
$4 conv- preference..
No par
Prior preference
20
Wilcox
Oil
Co
5
15% Mar 30
58%
par
500*
23%
231/4
24
18%
*16%
110%
A_No par
Western Union Teleg class
47% Jan 21
13%
,
23%
24%
24
17%
116
100
Westinghouse Air Brake
Westinghouse Electric com
3%% Pfd series A
,
3.80% pfd series B
:
Weston Elec Instrument
10
8
5
11
13%.
110
,
20,800
16%
•
*115%
*110
10
11%
ll'/s
23%
18%
*109
No par
Pacific RR com
Preferred
series A
Western
Wisconsin El
Apr
100
100
14 Ve
92'A
11
13%
110
:
*14
*92
13%
19% ;-;19%
110
14 Ve
92%
*16%
5
17%
14
*92
11%
*24
24%
24-
*23%
/
13%
13%
*110
110%
115% 115%
*108% 110
1
10
100
100
Lines Inc
Supply Co
Western Auto
Western
.
No par
100
100
preferred
Western
81%
1
No par
Co com
Class A
17* preferred
8
29
18 Ve
81%
19%
1
Nopai
preferred
4
Oct
*23%
19%
17%
131% Mar 18
37%
24%
18%
19%
conv
Wilson-Jones
Feb
24%
18%
900
14%
ll'/s
11%
11 Va
81%
17
28
24%
;>
21%
2
17% Mar
11%
21
Apr
17/64 Apr
11%
50
92%
92%
-
•
104
*102
'
*81
5
Inc
93
104
*14
14 Ve
14
*92%
11%
*13%
Oil & Snowdrift com—_2.50
West Penn Power 4%%
-
12% Mar 10
79
93
4%
26
Mar 30
17
5
20
68% Jan
28% Feb 25
Jun
85%
91%
30
14
*92%
20%
8
36% May
.*
54% Apr
80
6
38% July
7% Mar
22% Mar
23
7% Apr
41% Mar 12
*13%
*4%
67o
25
5%
8%
20%
"f
24
24
Feb
2,100
4%
West Penn Elec
20
Mar 25
34%
25%
17% Jan
8y2
17
West Indies Sugar Corp
112% Jan 24
100%
8%
13%
13
'105%
8%
24
6
103% Mar
104% Mar
rll3%
8%
8%
*13%
$4
6
-
83/4
8%
14
Knitting Mills
Wayne Pump Co
24
21
3
80% Mar
83/4
8%
8%
*16%
Wesson
14% Jan
;
3,000
*23%
Webster Tobacco
19
Jan
22%
93
Wayne
7
26% May
22'A
17%
14
27% Jan
3
Mar 28
22%
24
13%
15% Jan 25
5% Mar 30
3% Jan
22%
*16%
4
20
Aug
102%
22%
24
*13%
17% Mar 15
-
102%
22%
5
1
7
10
19% July
-
19% Mar
13%
6% May
86%
Nov
X80
Jan
281/4
*102%
22%
8%
Corp
1,100
28%
*27%
28%
102%
22%
*24
13%
Petroleum
500
28%
*92%
Foundry & Pipe
200
14'A
*13%
14 Ve
102%
22%
*13%
11
53
53
53
28
22%
1
5
53
104
28
*102%
100
Pictures
Bros
14
14
22%
No par
.3
Washington- Gas Light Co—No par
Waukesha Motor Co
—5
7
11
14
22%
Nopai
Co
preferred
12% Jan
Jan
34 %
Sep
26
25
100
No par
G & W
Ward Baking Co common
12% Feb
Sep
30%
■
22
100
No par
No par
common
16% Feb
120% May
-
23
23 % Feb
27% Aug
■
Dec
Dec
13
Walworth
9% Jan
34% May
Jan
Co
(Hiram)
15% Jan
94% Feb
32
preferred
4%%
preferred
Walker
7
Nov
16%
47o
8
21
'
14
Nov
12%
Jan
23% Jan
28
14
20%
29% Jan
105
Feb
Nov
22
25
90
Jun
Xl9%
24
7% Feb
13% Feb
16% July
•
101
9%
Feb
21% Feb
102
13% May
8% Feb
10% Mar
x83% Mar
-
26% Mar 14
Jun
Aug
27% May
RR
529,000
,
,
■
Number 4793
169
Volume
the
commercial
Bond Record
NOTICB-jPrlces are t'and Interest"—except for Income
week, and *hen
The italic
-
outside of the
letters
In
the
column headed
"interest
Period"
indicate
(1581)
in
In
each
the
case
week
the
In
which
month
Flgures after decimal point represent
the
one
or
disregarded In the week's
are
they occur.
when
Exchange
YEARLY
-
Oaeh and deterred delivery tales
footnote
a
WEEKLY
-
and defaulted bonds,
regular weekly range are shown In
chronicle
New York Stock
«»
FRIDAY
the
&> financial
No
bonds
82d of
more
is taken of
account
ranee, unlets they are
sales In computing the
such
mature.
the
only
transactions
for the year.
range
of
~
point.
a
„.i
t
LOW AND
Range for Previous
•'
Year 1948
Lowest
105.1
Sep
Sep
108.28 May
Highest
108.13 Jan
26
110.23 Mar 11
101.18
Dec
102.22
Sep
102.23
101.7
Sep
26
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.
110.23 Mar 11
102.31 Jan
Sep
101.19
Jun
101.19
Jun
100.24 Mar
100.25
Jan
100.26
Sep
100.24
Mar~fl
104.9
14
Feb
3
Apr
100.23
3
Jan
100.23
102.31 Jan
14
Feb
102.1
loI.12
Sep
100.16
Sep
101.12
Jun
100.7
Oct
100.27
102.26 May
100.7
Oct
102.26
May
May
100.23
Jun
101.14
Sep
100
100.19 Feb
100.21 Feb
9
100.21
101.13 Mar
100.31
Oct
101.26 May
Sep
100.30
Sep
100.7
101.8
101.18 July
101.19 July
Oct'
*101.16
10L18
*101.16
101.18
*101.16
*104.22
104.24
*104.22
2%a
2%8
2%a
2%s
2%M
104.24
*104.22
104.24
1955-1960
109
*108.27
Feb~~9
.100.16
Jan
101.18 Feb
26
"~9
101.8
101.18
Jan
108 30
*108.29
109
*108.29
*108.28
108.31
*108.28
10R.31
*106.27
108.30
1951-1954
*103.22
103.24
*103.22
103.24
*103.22
103.24
*103.22
103.24
*103.22
103124
*103.22
1956-1959
*109.23
109.26
*109.23
109.26
*109.21
109.24
*109.22
109.25
*100.21
109.24
•109.ZO
109.23
1958-1963
*110.10
110.13
*110.10
110.13
*11Q.8
110.11
*110.8
110.11
*110.7
110110
*110.6
110.9
1960-1965
*111.4
111.7
*111.3
111.6
*111.2
111.5
*111.2
111.5
*111.1
2Vie
111.4
*110.31
111.2
1949-1953
*101.3
101-5
*101.3
101.5
*101.2
101.4
*101.2
101.4
*101.2
lbi.,4
*101.2
101.4
1950-1952
*102.5
102.7
*102 5
102.7
*102.4
102.6
*102.5
102.7
*102.5
102.7
*102.5
102.7
*102.27 102.29
1952-1954
*102.28
102.30
*102 28
102.30
*102.28
102.30
*102.28
102.30
*102.28
102.30
1956-1958
*104.25
104.27
*104 .25
104.27.
*104.25
104.27
*104.26
104.28
*104.27
2Vis
2 Vis
104.29
*104.26
104.28
1962-1967
*102.16
102.18
*102 .16
102.18
*102.16
102.18
*102.16
102.18
•102.16
102.18
•102.1G
102.18
1963-1968
*102.2
102.4
*102 .2
102.4
*102.2
102.4
*102.2
102.4
*102.2
102.4
*102.2
102.4
2 Vis
Jun 1964-1969
*101.21
101.23
*101 .21
101.23
*101.21
101.23
*101.21
101.23
*101.21
101.23
2Vis
*101.21
Dec 1964-1969
*101.19
101.21
*101 .19
101.21
*101.19
101.21
*101.19
101.21
*101.19
101.21
*i01.19
101.21
2 Vis
1965-1970
*101.18
101.20
*101 .18
101.20
*101.18
101,20
*101.18
101.20
*101.18
101.20
*101.18
101.20
'101.15
*101.15 '101.17
*101.15
101.17
*101.15
101.17
*101.15
101.17
*101.15
101.17
Jun 1967-1972
*101.1
101.3
*101.1
101.3
*101
101.2
*101
101.2
*101
101.2
*101
101.2
Sep 1967-1972
*103.13
103.15
*103.13
103.15
*103.12
103.14
*103.12
103.14
*103.13
103.15
•103.12
103.14
2 Vis
Dec 1967-1972
*101.1
101.3
*101.1
101.3
*101
*101
101.2
*101
101.2
*101
101.2
'
.101.2
.
Jan
98.30 May
98.24 Jan
10
Jan
99.30
99.11 Jan
5
May
asked price.
->1951-1953
*103.4
103.6
*103.4
103.G
*103.4
103.6
*103.4
103.6
*103.4
103.6
*103.4
102.10
*102.8
102.10
*102.8
102.10
*102.8
102.10
*102.8
102.10
*102.7
102.9
*
105.10
*105.7
105.10
1952-1955
*102.8
1954-1956
*105.9
1956-1959
105.12
*105.9
*103.11
103.13
*103.11
Jun 1959-1962
*100.30
101
*100.30.101
Dec 1959-1962
*100.30
101
Jun
1949-1951
*100.4
105.12
*105.8
*105.8
105.11
*103.11
103.13
105.11
103.13
*103.11
103.13
*103.12
103.14
*103.11
102.13
*100.29
100.31
*100.39
100.31
*100.29
100.31
*100.29
100.31
*100.30
,
101
*100.29
100.31
*100.29
100.31
*100.29
100.31
*100.23
100.31
*100.4
,
.
*100.5
100.6
'1C0.5
100.6
*100.5
100.6
100.5
*100.5
Sep 1949-1951
*100.10
100.11
*100.10
100.11
*100.11
100,12
*100.11
100.12
'100.11
100.12
*100.11
100.12
Dec 1949-1951
*100.18
100.19
*100.18
100.19
*100.18
100.19
*100.18
100.19
*100.19
100.20
*100.18
100.19
*100.22 100.24
.*100.22
100.24
*100.22
100.24
*
100.24
*100.23
100.24
*100.23
100.24
Mar 1950-1952
;100.5
ICQ .23
2s
*100.30
101:
*100.30
101
*100.30
101
*100.31
101
*100.31
101
*100.31
101
1951-1953
*101.11
101.13
*101.11
101.13
*101.11
101.13
*101.12
101.13
*101.12
101.13
*101.11
101.12
1951-1955
*101.14
101.16
*101.14
101.16
*101.14
101.16
*101.14
101.16
*101.14
101.16
*101.14
101.10
Jun 1952-1954
*101.17
101.19
*101.17
101.19
*101.17
101.19
*101.17
101.18
*101.17
101.18
*101.17
Dec 1952-1954
*101.21
101.23
*101.21
101.23
*101.21
101.23
*101.21
101.22
*101.21
101.22
*101.21
101.22
1953-1955
*103.18
103.21
*103.18
103.21
*103.18
103.21
*103.18
103.21
*103.17
103.20
*103.17
103.20
*100.9
100.11
*100.9
100.11
*100.9
100.11
*100.10
100.12
*100.10
100.12
*100.10
10J.12
99.16
*99.12
100
100.9
100.11
Sep 1950-1952
Treasury
2s
Treasury 2s
Treasury 2s
Treasury
IVis.
99.28 Mar 24
1950
Bank
V
10-year 2 Vis
1957
*99.8
1972
*100.5
tCalled for redemption June
15 at par.
Period
v
FOR
a
Odd
WEEK
100
lot
100
*99.8
100.26
transaction,
ENDED
APRIL
99.16
100.26
»100.5
100.6
100.6
or
Sale Price
Friday's
Range Since
Sold
BONDS
Jan. 1
Interest
New York Stock
City
y
:
.1980
J-D
105 Hi
105
104 %
68
107'/a
15—
16—
J-D
3%s Series No. 17
3%s Series No.
L„
|
120
New York Stock
_
—
—
6s—
Teletype
NY
•
*61
(City) s f 5s
Sinking fund gold 5s_
Sinking fund gold 6s
(Dominion
SAExternal
f
s
7s
series B
1945
•'
J-J
SAExternal
s
f
series
C
1945
J-J
SAExternal
s
f 7s series
D
1945
J-J
AExternal
s
AExternal
7s
sec
f
1957
AExternal
sec
7s
series„1957
2d
A-O
f 7s 3rd
s
series__1957
(City)
external
5s
1958
10-year 3'As
10-year
3 Vis
15-year
Belgium
3%s
f
External
s
f
7s___
S
of)
8s
(Int reduced to 3.5%)
s
I
38%
13
37%
101%
6
99%
27
90
89
9
92%
93
33
92'A
16
84%
16
101%
105%
112
108 % 103%
3
117%
U
70%
A-O
A-O
52%
85
1
1952
1931
61
——
—
61
61%
■
ei
58
8
45%
54
1
62
72
53%
55
75
46
61%
60%
101
60%
13
102
13
101
30
103%
104%
5
104%
107%
35%
27%
28%
f
s
107%
60%
M-N
M-'w.
M-N
27%
27%
27%
2
A-O
''
36%
36%
3
A-O
27%
27%
12
27%
6
54%
37
43 <:'
—
61
M -S
Sinking
assented
AGuaranteed sink fund
A
Chilean
Cons
27%
J-D
assented
>
A-O
„
27 •%
'J-...'
M-N
m-s
;M-S
1951
J-D
•
__
27%
27%
27%
29%
29
35%
>>
27%
36%
27%
1
29
35%
36%
27%
29
'
__
36
52
:
26%
40
35%
27
4
27%
%
■
36%
__
29%
37%
29
37
27%
7
>_'
s.-
27%
3
'
27%
33
"
29
35%
27 %
37%
35%
27%
*35%
37%
37
27%
30
*35%
;
29
35%
__
27%
27%
37%
27%
35%
27 Vb
•
27%
27%
■
29%
35%
16
27%
*35%
M-N
1960
27%
37
37%
35%
27%
__
27%
*35%
--
J-D
1962
7s_—
»'■
A-O
1960
Munic
27%
*35%
'
1961
6s„ —1962
assented——,
27%
J-D
1961
—
-
*35%
J-D
1961
6s„
•
*35%
—V
■
J-D
1961
A6%s assented
A 6s
M-N
1993
6%s
fund
M-N
_1957
27%
*27%
A-O
1957
_
,
■
'35%
--
A-O
1963
Bank 6%s__
27%
M-S
1962
bonds 2-3s
27%
•27% '
1963
—
_
_
*35%
1962
sinking fund 6s__
54%
—
J-J
,
_
*35%
J-J
Jan 1961
27%
F-A
F-a
Sep 1961
Sep 1961
—
*35%
'
101%
102%
.
.■
.
101%
99%
36 VB
27%
29
29
35%
27%
4
37%
27 Vb
29
71%
52
$
107'A 107 %
*51
:
1942
sinking fund 6s„
Mortgage
98%
15
102 Va
103% 103%
103%
A-O
J-J
J-J
Jan 1961
6s
_
ioi
—
55
52
f
—
100% 101%
Feb 1961
AGuaranteed sink fund
A78
54
s
*59
—
102
Feb 1961
assented
A 6s
71%
70
71
6
71
—
J-D
53%
53%
1
46%
53 %
50%
■■
bonds of
A
118
60%
52%
53%
J-D
*59
1960
—
A6%s assented
93
115
Stamped pursuant to Plan A
1978
Extl
AChile
92%
70
—
A-O
funding
•
*
A-O
5%
97%
95%
85%
;
1957
<30%
59
*59 '
—L""''
1942
i—
assented
A6s
102%
70%
6C%
100%
1960
A6s assented
92%
101% 101%
117
60%
56%
M-S
1954
sinking fund 6s„
assented
AExternal
103%
11
117
60'A
57
'■
*59
'
1960
assented
AExternal
101%
75
j-D
1957
(Int reduced to 3.5%)
4s
sinking fund 6s
A 6s
38%
95
97'A
108 Vi
J-D
Stamped pursuant to Plan A
(Int reduced to 3.375%)—1979
Ry)_
of)
assented
AExtl
38%
'91%
60
-
'
sinking fund 6s
A 6s
38%
37%
92%
92 %
J-D
(Central
37%
5
95%
101 'A
1979
A7s
"2
96%
Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal s f 6Vis of 1927
38%
102% 102%
93
55 Vi
6
•
'
65
F-A
1961
ARy external
38%
38%
100
61%
61%
61%
J-D
A6s assented
38%
37
__
92%
j-j
1978
6Vis of 1926—
37%
'.
95
F-A
Stamped pursuant to Plan A-t'
38%
97 %
M-S
1941
37%
95%
J-D
1955
external
3
•38%
.1
J-D
1949
6s__
AExternal
V
1955
6Vis—
s
(U
i
1962
external
External
SABrazil
J-D
—1966
—
38%
38 %
102%
F-A
1957
—
AExtl
38%
38%
.
101 Vi
J-J
1967
3%s
20-year 3%s
20-year
J-D
1956
A6s
90
37%
■
38%
38 Vb
A-O
(Commonw'lth) 5s of '25-1955
62
81
9
"
—
Antwerp
Australia
62
2
—
39
A-O
.
f
s
5 A 7s
90
*38 VB
'■
55%
1958
3%s
AExternal
38%
*33%
w—
1st series
7s
'y-~"
38%
■
M-S
J-J
:
'
38%
«...
(King of Norway) 4s
1968
SAAntioquia (Dept) coll 7s A____1945
61%
—1
1957
(City) 8s
(Rep) External s f 7s
90
•
Akershus
',1
V
J-D
Brisbane
1-1693
-
*61
'w W
J-D
fAChile
A-O
*
'
Exchange
F-A
1948
'
J-D'
3%s Series No. 30
,
Broadway, New York
-1947
61%
60%
60
*59
*59
■
J-D
ACarlsbad
6s
■
61%
'
'
.
"
3%s Series No. 29——
Agricultural Mtge Bank fColombia)—
fund
56
62%
'
61%
58%
,
65
m,
J-D
—
61%
61%
•
*59
J-D
25-year
fund
".
*59
—
J-D
—
—
60
65
3%s Series No. 26
Canada
sink
64
*59
J-D
3%s Series No. 24
59%
58
.*59
wW"--'
J-D
,
3%s Series No. 25
Foreign Govt. & Municipal
sink
61%
Hioh
1
1
t
*59
3%s Series No. 28
Members
Jan. 1
Low
*59
J-D
„
3%s Series No. 27
2-2300
Range Since
Sold
No.
61%
61%
•
,
J-D
|
3%s Series No. 23
Telephone
Bonds
High
J-D
„
,
3%s Series No. 21
REctor
v
J-D
——— M.M.
19
Series No. 20—
3%s Series No. 22„
Wertheim &. Co.
17,000
Friday's
61%
•i.
J-D
l
3%s Series No. 18
3%s
Foreign Securities
or
J-D
3%s Series No.
105%
13.000
Bid & Asked
Low
■
3%s Series No.
Corporate Stock
99.22
lOu.13
'
High
Unification Issue—
99.18
1UU.18
100.13
Week's Range
Last
Sale Price
Period
Exchange
*
Low
No.
High
100
8
Friday
Bonds
Bid & Asked
.
Low
New York
*99.12
*100.11
Registered bond transaction.
r
Week's Range
Last
101.18
for
25-year 3s
8
this day.
Interest
New York Stock Exchange
AGtd
.100.6
2s
RANGE
§AGtd
103.6
2s.
Friday
<
105.7
Treasury
Treasury
Feb~~9
100.18 Apr
No sales transacted
BONDS
3%
•
101.17
1
2 %s
Reconstruction & Development
94.10
Transit
101.23
2Vis
2 Vis
Apr
94.14
K
103.24
2%a
International
•Bid and
*,
-
2 Vis
2 Vis
26
(SI
101.18
104.24
Treasury
V
Dec
101.18
Treasury 2 Vis
Treasury
2 Vis
Treasury
2 Vis
^Treasury 2s—
Treasury 2s
Treasury
2s
Treasury 2s
16
Sep
*101.16
*104.22
Treasury
Treasury
Treasury
Treasury
Treasury
7
9
100.21
101.19
1966-1971
20
ths Wtsk
High
104.24
2Vis
100.17 Feb
Salas fee
Friday
Apr, 8
Lsw
*101.17
2Vis
100.13 Jan
Apr. 7
High
*104.22
Treasury
Feb
Tharsday
Low
High
104.24
Treasury
May
Lew
101.19
Mar 22
9
Hirh
*104.22
101.2
102.30 Feb
Low
Higk
Apr. 6
•101.17
6
9
!
HiOH SALE PRICES
Wednesday
1949-1952
100.18 Jain
Feb~21
Apr. ft
1951-1955
7
101.1
Tuesday
Apr. 4
3%s
Feb
Feb~16
Monday
3s
101.7
100.2
i
Lmw
7
101
►
Apr. 2
Feb
100.21 Feb
101.7
9
102.30 Feb
Oct
100.31
Feb"
100.4
Mar
100.21
101.12
Mar 11
102.13 July
'
Mar
.,100
~g
Feb
101.7
102.1
Saturday
2%s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
101.1J- Jan
104.9
f
108.13 Jan
Feb
102.23
v
EXCHANGE
105.28 Mar
107.4
GOVERNMENT BONDS
NEW YORK STOCK
Range Since Jan. 1
Lowest
Highest
53%
15
42%
63
5s—
For
__
Financial
*5%
5 %
9
7%
Institutions
SECURITIES
65%
57%
(Hukuang Ry)
53%
3
AChinese
63%
due__1951
FOREIGN
Stamped pursuant to Plan A
(Int reduced
External $
to 3.375%)
bunds of
1944
1979
A-O
J-D
64%
65%
J-D
*62%
63%
33As Series No. 3—
J-D
33As Series No. 4_
J-D
33As Series No. 5
J-D
*62 Vi
33As Series No. 7
J-D
*63%
33As Series No. 8——;
u
J-D
33As Series No. 11
'
J-D
33As Series No. 10
J-D
33As Series No. 12
33/«s Series-No.-13
63
*62%
J-D
33As Series No. 9
*
J-D
3%s Series. No,
For
footnotes
—r
14
see
J-D
J-D
page
FIRM TRADING MARKETS
(Plan B)—
33As Series No: 1
33As Series No. 2
29.
65
63%
15
64
„
••
65
„
2
62%
65
60 %
65%
2
61%
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64%'
61%
——
64%
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64%
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64
64
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58%
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-i—
59
57%
65
—-
65
58
60%
59
_
64
'
—
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cat MARES & r.O. Inc.
foreign securities specialists
60%
;
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50
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St., New York 4, N. Y.
Telephone HAnover 2-005#
.
Teletype NY
I
.
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25
26
(1582)
COMMERCIAL'&
THE
Friday
Interest
BONDS
or
Sale Price
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A 6s
(Republic of)—
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A-O
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J.J
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1970
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to
-
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20*year
to
1942
1955
.1962
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extl
6s
f
s
part
A 6s
part
Irish. Free
§ A7s series
Public
J-J
*12
1949
1%
1977
for
1947
j.
1%
101 Vi
102
1958
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1958
F-A
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8
60
M-N
60
29'A
27%
J-J
213,a
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M-S
27%
60
AAdriatic Electric
J-J
27%
26
27%
1952
J-J
43
42
43
43
43 %
1951
7s
1957
Drainage
5 Vis
A-O
1954
6Vis
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Beard
J-D
J-D
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Southern
Power
1st
27%
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43
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15
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43%
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debentures
deductions
4%
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>
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i
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15%
:
(1942 agree) ..1953
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9
;
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1964
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.
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60
9'A
9
9%
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9
-
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to
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agreement)
i
1954
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1922
agreement)
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130
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48
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1969
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41
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1966
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54
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__
21
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55%
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104
—
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102%
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%
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J-D
1st 4s„1948
mortgage 4s—
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86
—
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—
M-N
1964
:
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•
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A
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Ry—
1963
4%s
•
—
A-O
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1995
1st mortgage 3%s
Atlantic Coast 1st cons
79'A
'
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&
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Atlanta & Charlotte
General
A-O
L.1987
Products Co
W
40%
..104%
—
5
5714
37
43%
'
;
101 'A
100'A
J- J
agree)—1963
6%
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7
.1
__
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;»
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1st gold 4s__
8Z\Second
J-D
6V2
36%
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91
General 4s
-
ASmall
A 5s
P
Atchison
Q-J
34%
COMPANIES
88 %
1982
...
§A5s Assented to 1922 agree..1945
:
75
5%
21
91
1975
debentures
Ann Arbor
ASmall
-
,
Large
1945
%
89%
6
Vi
*41
•
M-S
.1961
debentures...
-
due
6
INDUSTRIAL
AND
-A-O
^.1986
debentures
3s
1968
1899
85
Vi
70
13
MS
;;
debentures
conv
(Republic of)—
of
6
A-O
.
1980
debentures.:
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81
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;
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J-J
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26
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__
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79
Telephone & Telegraph Co—
2%s
—
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agree)__1968
...
Vi
130
81
1
1966
debentures.....
101% 101 Vi
M-N
8
92
83%*
6
2030
debentures
conv
7
37%
&
2%s
agree..1943
small
assented
ASmall
§A5s
debs
3s
16%
&
1950
1922
to
18
*41
J-J
debs—1956
2s
27%
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5A4%s assented
Mexico
Mfg
4
8%
12
90 Vb
*
,
74
M-N
1
3'As—196?
3%s
1972
Albany & Susquehanna RR 4%s__1975
Alleghany <fc Western 1st gtd 4s„1998
mtge
157
39
93
8 Va
5%
11
__
74
A-O
1952
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Alabama
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7s
(Colombia)
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26
1977
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7s
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s
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7%
to
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1913
7%
5
6%
7%
157
GVi
7%
(ass'td
agreement)
New
1933
J-J
9%
9%
1st
ass'td
(1942 agree) —1963
J -J
10 Vi
,
(City of)
6%s
1952
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42
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9
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233
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11
10%
Juiy 1975
B
ser
82%
82
82%
45
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83
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86%
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1G
86%
95'A
due Dec 1 1995
5%
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J-D
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gen mtge 57o
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and
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Series
"
fixed
17*
&
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mtge
and
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July 1975
fixed
interest) —
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(State) —
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f 6%s
s
1958
ikf-S
2008
M-S
—1959
M-S
38'
(Int
reduced
external
to
f
s
6%s
(Int
reduced
to
to
Plan
4s
sink
3Vis
s
sink
fund
f
extl
2008
M-S
—„1957
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93'
95
1956
MS
97'A
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35
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92%
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,.—1963
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(City)
f 5s
s
sink fund 4%s_.
1955
A-O
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93'A
94%
11
62Tb
56
63
5
(State of)
—1963
94
93%
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reduced
to
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93 V'2
84
'!:'.
80
83
94
5
81'A
93%
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f
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1961
103
103
40
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(3%%
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lien
l»t
to
Plan
2%)
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47'A
52%
73
Con
stamped
J-J
Extension
1st
3%s
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3'/iS
Steel
2%s
ser
I
J
.1976
20
19%
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44
17%
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20
20
20
21
17%
20
J-J
...1970
ser
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K_'
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mtge
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12
67
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__
•
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92
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42
31
30
27%
29
*95%-
II.:
27%
297/b
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47
2001
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32
32
1953
F-A
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1
33%
38 Vi
26%. 26Vi
10
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45''
45'
29
33%
120
9
96
100
121 VA
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99
98%
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101
101
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.—1961
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1960
56%
79
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M-S
Debs
mtge 2%s_—j
J-J
1976
Niagara El 1st mtge 2%s__1975'
Buffalo Rochester
& Pgh
Ry—
—
99 %
98 %'
97%
101 %
101
.♦
"
85-
87
101
—
56%
1968
,
87
78'A
F-A
3s
97%
9
10
101 Va
90
56'A
^..July 1970
1954
Bristol-Myers Co
99
98%
101
14
83%
78%
7
55
*41
59'A
35%
104'A
—
3 5''A
'
103'A
—
—■
'
104
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102
^
101% 101'A
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95%
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2
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99'A
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98%
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55'A
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30
54%
61'A
96%
.
,
29%
11
95
100
10
1955
.
Alncmtge 4%s ser A
ABieda-(Ernesto) Co 7s
Gen
95
91%
9
102% 102%
--
_J967
series. AC
mtge 4%s series JJ_^_
1st mtge 4s series RR—
Buffalo
90%
7
120% 121
Jv
Bklyn Union El 1st gold 5s__•_
1950
Bklyn Union Gas 4s debentures.—1969
10
Vl-
*100
•.
;
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A-O
M-N
J-J
1979
RR—
1st
A-O
*27%
&
97/8
6'/a
*26
Boston
ser
9%
8
__
J-J
68%
73%
Corp—
2%s
J.J
85'A
91
91%
■
M-N
F-A
—.1964
f debentures—
s
Bethlehem
mtge
*33
77%
91'A
91
A-O
1951
mtge
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A
2012
.
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Creek
■
mtge 3s
*14%
19
63'A
•
74'A
J-J
4s
ref
Cons
9%
80
Bangor & Aroostook RR—
Cons
*9%
K;
J-J
D
ser
30%
1946
to Plan A
(Int reduced to 2.375%)
sec 6%s
to
76
244
-
78%
68%
J-J
1985
1951
4s
20
Stamped pursuant
reduced
80
——1951
M
ref
&
2 GVi
1961
AExterhal
Stamped pursuant
68%
51V4
A
17%
'
A
8s
ser
cont int) —1980
12
A-O
(Int reduced to 2.375%)
2001
7%s I960 stmp pursuant to Plan A
(Int reduced to 2.25%)
—2006
mtge 57»
20
1950
.
1st
fxd & 1%%
28%
1963
Alegre (City of) 8s
Stamped pursuant to Plan
67 3 4
~-50%
M-N
.1980
19%
1947
gold 8s
div
A
;
A-O
1958
7s
A-O
1940
ser
J-D
series
4s
*—
M-S
i960
APorto
(Int
84 'A
82
12;
—
■
M-S
1959
A4 Vis assented
lARio de Janeiro
82%
1968
fund
68 %
51 Va
Toledo Cincinnati division
Cons
2008
assented
AExternal sink
82
MS
102
89?
A
2.125%)
s
J-D
1947
(Rep of) external 7s
Nat loan extl s f 6s 1st ser
ANat loan extl s f 6s 2d
5 A Poland (Rep of) gold 6s
A4Vis assented
J-D
May
Feb 12010
92%
1
*.92'A 110
1967
APeru
SAStabilization loan
M-N
1994
7s_
Stamped pursuant to Plan
fixed
due Dec 1 1995
income
conv
S'western
Beech
Ext sec ref 3Vis series B
SAPernambuco
(2%%
6'fo
59%
contingent interest)—
J
'
4s
(Republic)—
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Stamp mod 3%s ext to
>
56
95
Ref
30
25%
Panama
A
83
CO'A
A4%s
94%
__
loan
60
59
Series
97'A
1965
1970
4%s
Municipal Bank extl
Oslo
__
1957
fund
59
59%
Pgh Lake Erie & West Va—
2.125%)
(Kingdom) 3%
(Kingdom of) 4%s
External
59'A
M-S
'
*26%
A
Netherlands
Norway
38
63 'A
M-S
due Mar 1 1996
Ref & gen mtge
30
37
56'A
due Mar 1 2000
M
and 3%7«
2.125%)
Stamped pursuant
38
25%
Stamped pursuant to Plan A
ASec
79
K
Series
42
60'A
Sefles
Minas Geraes
40%
F-A
26%
19
27
32
modified
Terminal
1st
Consolidated
Bush
5s
Terminal
M-N
4%s___._—_ 1957
4s._
J-J
1955
5s
A-O
gtd—^.^1960
*102
-
A.-O.
1952
—
Bldgs
55%
92'A
92'A
*105','4
__
102 >A
__
5
92'A
—
—
—
102
102
*
99
91'A
105
105
%
Rio Grande
do Sul (State of)—
§A8s extl loan of 1921—
1946
A-O
45
45
1999
A-O
33%
33%
Stamped pursuant to Plan A
(Int reduced to 2.5%)
A6s external sink fund gold
Stamped pursuant to Plan
(Int
A7s
reduced
external
to
loan
1968
" J-D
*35%
2%).
2012
J-D
1926
1966
M-N
of
__
A
27
27
212
38
35
(Int
reduced
to
2.25%)
25%
28%
(Int
A Sao
reduced
(City of)
Paulo
to
2.25%)
(City)
8s
J-D.
*28
27
2004
J-D
A-O
1952
"28
41%
(Int
reduced
to
2.375%)
s
f
(Int
reduced
Paulo
to
2%)
M-N
*40
A 8s
40%
52
1976
Ry—
'
gold
Guaranteed
gold
4%s
gold
Guaranteed
gold
Ry—
8s
A-O
reduced
to
2.5%
external
<J»)t reduced
to 2.5%)
see
page 29.
115%
107%
108%
112'A
113%
4%s__—^—...1956
4%S————.1951
F-A
113
113
2
112'A
113%
deb
106
106'A
3
106
106%
stock (perpetual) —
J-J
98%
46
&
Ohio
Adirondack
M-S
106
4s—:_1965
28
M-S
97%
*108
108%
1981
Corp 3s deos
Corp 3'As debs
*57%
J-D
.1965
A-O
—i_1960
F-A
*52
41
54%
1st
:——.1995
J-J
J-J
*60
66
66
Gen mtge 4'As
ser
A
Jan 1 2020
ser
B
Jan 1 2020
May
F-A
*99% 101%
J-D
*75
mtge 4s ser
10
—.
1960
(1947 issue)—
Georgia
98 Va
107%
108%
62
59%
59 3 a
102% 103
*101
May
mtee 4'As
102%
§ A Cent Branch U P 1st gold 4s_—.1948
3V4s debs
__
93 3 b
Ry—
mtge gtd 4s—
of
106'A
9
Celanese
Central
—
102%
103'A
100
101%
101%
101'A
85
Ry—
A
17
61%
6
65%
61'A
61%
68
68 %
44
44
45
62
42
52
108
108
1
108
108
62 3,s
67'A
'
Gen
52%
113%
115
*106% 107
113'A 113'A
J-J
52%
1
102
J-D
1999
J-J
104%
.1955
*40
1999
97'A
102
107%
*60
66
49
17
M-N
41
1
98
108'A
J-J
55'A
100'A
99%
102
108
;
1936
33%
97 Va
F-A
.———1970
2012
44%
102
115
J-J
5s_.——.Oct 1969
Carolina Clinchfield &
1st
i
98
Pacific
conv
Celotex
A-O
:_l_i_1957
gold"5s
Canadian
M-N
....
4 'As
gold
*99
J-D
.—1974
1950
(State)
footnotes1
53
34%
Stamped pursuant to Plan A
For
41%
46
Stamped pursuant to Plan A
(Int
27%
3s
gtd 5s A„.1962
Guaranteed
Carthage
M-N
195?
28 %
25%
53
Stamped pursuant to Plan A
|ASan
1st
cons
National
Guaranteed
47c
M-N
2001
-
27%
41%
Stamped pursuant to Plan A
A6Vis extl secured
Canada Southern
Guaranteed
2004
1952
6Vis
Power
Calif Oregon Power 3 %s
Guaranteed
*32
7s 1967 stmp pursuant to Plan A
ARome
California Elec
Canadian
Stamped pursuant to Plan A
52%
41
54%
1
-
8
53
2
*100%
J-J
.
8'A
6
85'A
20
(City)
17
91
—
5'A
54
5%
__
85'A
A-O
assented
7%
84 Vi
—1952
AVenetian Provinces 7r«c_
AWarsaw
34
12
85
14
readjustment—'
extl
7%
84%
11%
6
55
62%
38-
60
85'A
J-D
—_.j_il978
„
11
48
130
M-N
"r_1979
3%-4V8-4VijS extl conv
American
to 3%
conversion—.:
F-A;
Utility-
7s
Metropolitan
•
,
M-N
readjustment..—..'..1979
J-J
,
f"
|
66
55: '
*130
1.1984
6%
58
5
*121
__
4-4'A-4;As extl readjustment—!—1978
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1960
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Last
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.
*
•
1928
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r
High
Low
No.
High
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A 6s of 1927
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BONDS
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Monday, April 11, -1949
ENDED APRIL H
Week's Range
Last
Period
Exchange
New York Stock
WEEK
FOR
RANGE
r
RECORD
BOND
YORK
NEW
FINANCIAL CHRONICLE
Central
Illinois
Light
3%s._
.1966
A-O
72
•:
'
-
Volume
169
Number 4793
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1583)
27
NEW YORK BOND RECORD
'
Friday
BONDS
Interest
New York Stock
--
Exchange
Last
Period
or
Sale Price
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a 5s
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;
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inc
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353
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1975
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1972
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1975
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1963
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45
61 Va
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73
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106
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.__
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86
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33
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2
1976
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:
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87
23
5
79%
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1966
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116
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1957
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—
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104%
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i
100%
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1949
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__
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1961
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1972
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82
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1956
105
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103
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1970
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1962
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35
ref
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57
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-
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56%
2
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54%
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103%
1978
1982
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—
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1951
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101
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103
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1973
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1955
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1971
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1953
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55
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49
1/4
*53
_1994
conv
series
General
98%
1
1
*101
:
101%
101
*103
Cincinnati Union Terminal—
Cleve
3
J-D
Cine Gas & Elec 1st
mtge 2%s,_
1st
mortgage 2%s
1st
111
J-D
F
Indiana
4 Vis
109 Va
1951
Chicago Union Station—
1st
1
Apr
2%-4%s
46
100
hie 4Vap ser A
AJan 2015
mtge 3y»s ser E
—__,_1964
j
111
J-D
2%-4%s___,,_
99%
6
51
1st cons mtge 3VsS ser F
1990
1st cons mtge 3y«*s ser G___,__2000
"1st
120%<t
110 '/a ?
40
'
Apr'
Chic Terre Haute &
S'eastern Ry
Gen
1051/4-
118
*116
1__
stamped
104 V*
1097/B
4sII_IIIIIl951
gold
97
66
110%
1951
_
1st
97%
48%
Erie Railroad Co—
3
2019
Orleans 5s
Gold 3 %s
Memphis Div
»/4,
100% 1
Apr
1994
ser
17
5s
100
iooy2100 y2
PacificRy—
1st mtge 4s series A
AGen mtge conv
4%s
128
97
noy4 111
100%
J-J
_1989
Chicago Rock Island
122%
13
Apr
Jan 1 1999
B
ser
99
:
104 34 105 %
J-J
Gen
1st
98 %
20
99
J-J
Jan 2003
—
M-8
111 y4111'A
■s
4s__
Pac RR—
}
!
High
,112% 112%
*145%
1»
M-N
J-J
(NY) 1st cons gold 5s
Elgin Jollet & Eastern Ry 3%s
El Paso & Southwestern 1st 5s
1st
"
99%
<
Jan.1
Low
103 %)
J-J i
4 /is
2nd
1956
1970
111
*
Range Sinoe
Sold
No.
•
100% 100%
»
1995
*112
J-J
Jan 1983
Southern
Milw St Paul &
1st
J-J
Bonds
High
48%-
F-A
Ed El 111
*119% 127
M-N
1988
_
J-J
1977
East Tenn Va & Ga Div 1st 5s
M-N
1982
•
Louisville Ry—
A
'
.
5s
series A
1937
105 %t
101%
F-A
J-J
Range
Friday's
*98%
J-J
1961
;
103 Va
F-A
1970
debs
2.35s
100
98%
F-A
or
Bid Si Asked
100%)
105 %'•
J-J
1997
Chemical
fSADul So Shore & >tl gold 9s
Iluquesne Light Co 2%s
101%}
*
5s
i
99%
'
__
98'/4
J-J
1985
Dow
i
10014
111 RR—
conv
Chicago & Erie 1st gold
Chicago Gt West 1st 4s
AGen
'
J-D
1977
mtge 3%s_,__
mtge 27/as
ref
Chicago
1st
4V2S
Vi
78
70
102 y«
124 % 126
J-J
1989
78
49%'
48
-
Week's
Low
2
'98%
1973
Sale Price
Highy
,.49%
146
Last
Period
New York Stock Exchange
j
34
124%
Chicago Burlington & Quincy RR—
General 4s
1958
1st
'
M-N
1989
__
,51
55%
Interest
BONDS
n
.
*101
•
M-S
19Q6
series H
cons.gold 4s
gold 4s____
V
55W
Low
50%
*101 y,
1992
1st
consol
No.
.
t
•100}* 10014
F-A
1996
;J
8
*104 y4 105
J-J
gold 4%s:
ENDED APRIL
ill%
B
Impt M 3 %s series D
impt M !}%s series E
&
,
53
10 i{*
1974
ser
53
A-O
F-A
1 1949)
Champion Paper & Fibre deb 3s
Chesapeake <fc Ohio Ry—
General
Jan.1
Q-J
gtd gold 4s_1949
WEEK
Range Since)
Sold
High
*_,
series A
(4%%
1st
54%
_1987
:
Power
1st ref
J-J
-1987
General 4s
A4s
Bonds
?
■
FOR
Friday
Friday's
Bid & Asked
Low
A
RANGE
Week's Range
64
91
'
1976
68%
97%
38
66%
77
96%
66%
97%
67%
98
/
j
|
96%
•
1st
A
'•*
Si
Morris
1st
Essex
•
1st
ser
C
4-6s
&
Light 3s__
coll
tr
mtge ser
A
62%
641/4
*_:
104'/♦
*— *'■ 107 Va
(3%
f
40
Gen
3s
&
Salt Lake
&
ref
ref
conv
3%s
3s
I
A
Second
gold
Detroit Term
J-J
Apr
88%
61%
60%
88j/2
61%
18
59W-
127
paur
ser
2H
—1978
A-O
j-d
79%
7
77%.
82
M-S
109
109%
'5
108 %
110
J-D
1041/4 104%
35
104 Vn
City -Southern Ry 1st 38—1950'
mtge 4s ser A———_—,_^_1975'
1982
M-S
J-D
1995
J-D
M-N
B__1976
M-S
99
99%
9
98%
96
100%
__
101%
101
101%
,101%
11
A-O
104%
104% 104%
49
L031/4
105
J-D
103
103
10
99%
103
,•
Kentucky Central gold.4s—1967.
Kehtucky & Indiana Term 4%s___1961
J-J
1961
—
A-O
107'/a 1081/4
32
IO51/4
*55
64%
101
101 %
13
101
12
88
99%
114%
ii4«/2ii4%
J-J
*53
j-j
r
*98
—_1961
—1961
100%
100%
108
j-j
Kings County El L & P 6s_,
Koppers Co -1st mtge 3s
tAKreuger & Toll 5s ctfs
—_1997
a-o
4%s
114%
65
j-j
unguaranteed
'
100%
114%
*99% 101%
—
*98 Va
108
*170%
1964"
a-o
1021/a
1959
MS
%
Laclede Gas Light 4%s conv debs—1963
MS
114%
II
__
102% 102%
%
%
*
2
101%
103
43
%
2
74
107%
115
1091/4
101 '/a
103
_
Plain
,
101
99%
108
*66 %
J-D
1961
99%
*99%
*100
A-O
1st
105%
79%
96
i-,.
j-d
Kansas
';
J-J
1995
4y2s
City Power & Light 2%s__1976
fst mortgage 2%s
Stamped
657/a
it
1966
lien gold 4s
•'
t
'
1993
:
4s
vee
1
69%
104%
1958
& Tunnel
footnotes
?
87-7.911/8
/
G
I
Det Tol & Ironton RR 23/4s
For
.
1970
series
series
1st
-
j
gold 4s__1990<
1st mtge 3%s series B___—1968'
KahsaS City-Terminal Ry 2%s„__19T4'
V
.
1993
2018
debentures
Detroit & Mack
.
1st gtd
''
—
series H
23/4S
.i2
62%
fixed
mtge (3%
fixed
contingent int)
Gen
Kansas
103.1/4
Income
1%
Detroit Edison
Kanawha & Mich
68%
■i,'
contingent int)-_:
mtge ser A (4%%
contingent int)
r^_—
;•
87%
64
West RR—
1%
&
63%
A-O
J-D
Alncome
Denver
M-N
1973
1977
3%s
Rio Grande
&
'
/y-
85.
division
May 1 2042
Power
mtge &
Denver
5s
61
Delaware
•/
^
M
tg^ due
11
Tr
Coll
-
ref
Income
8*1
89
70
89
•66
70
•
731/4
71
105%
Lakefront
Dock
&
RR
Terminal—
"
89
1st
mtge
sf
3%s
ser
A
1968
J-D
113% 114%'
ii
COMMERCIAL
THE
(1584)
&
FINANCIAL
CHRONICLE
Monday, April 11, 1949
NEW YORK BOND RECORD
FOR
RANGE
Friday
Interest
bonds
New York Stock
Exchange
,
Period
Lake Sh Ac Mich Sou gold 3 %s_
3Vis registered
Lautaro
A 1st
Nitrate
mtge income
Low
No.
High
81
81 Vi
12
81
96 Ma
J-D
75 Vi
75 Mi
12
75%
90 Ma
.1970
A-0
92%
A
8 F mtge
3 Vis ser A—
94 Vi
58
Lehigh Val Harbor Term gtd 5s
Lehigh Valley Ry Co NY 4%s ext_1950
Lehigh Valley RR—
4s stamped
4s
modified
2003
stamped modified
registered
stamped
65
35%
34
34
Jf-N
-
SATerminal
60
72 MB
40
Jf-N
2003
Jf-N
35 MB
34
36%
17
32
42 Ma
Jf-N
43
42
43
59
35
49%
Miami gen 4s series A
38%
37%
A-O
65%
A-O
32 Mi
158
38 Mi
66 Vi
46%
64%
23
74
Gen Ac
107 Mi
123 Ma
Northern
107 «/4
107% 107 V*
108 Mi
Prior
1963
M-N
ALombard Electric 7s series A
1953
J-D
LorlUard (P) Co deb 5s
1951
F-A
107 Mi
107% 107 %
107%
108 MB
1963
A-O
103%
103% 103%
102 Ma
104
107
106%
107 Vi
3s
debentures
Louisville Gas
Ac Elec 3Vis
1st Ac ref mtge 3s
Louisville
Ac
1966
us
1979
U 3 Vis series P
1st Ac ref M 2%s series G
,
107
A-O
Div 2d gold 3s
Atl Knox Ac Cine Div 4s
1980
MS
1953
92'/a
A-O
2003
Jf-N
M
3%s
ser
8t Louis
99 Mb
99%
8
98 Ml
100
A-O
*57 Ma
597/b
J-J
*97 Ma
98 Mi
J-J
107 Ma 107 Ma
___1963
Rn.—
1937
1937
1940
1943
1982
1978
il981
1966
1st
lien
Northern
94
83 Vi
1st
92 Ma
93 Ma
24
107%
109 Mi
1st
35
35
17%
22
98
73 Ma
A-O
9
97%
105
10
103 MB
105
103%
14
101 Ma
103 %
3
108%
109
98 Mb
79 Ma
A-O
128%
*112 Ma
Q-J
80
75
128
128%
112
112 Va
105
~1
29
99
62 Ma
45
62 Mb
62%
*59
J-J
US
81
88
101%
81%
87%
••
88
88
58
65 Ma
87%
__
J-J
1975
1974
.
101 Va
MB
64%
58 Ma
6IV2
78 Ma
*9
88
877/s
6
95
5
877/s
51
101 Mi
103 Ma
987/b
101% 101%
F-A
1975
1978
99 MB
96 Vi
99%
U-N
99%
A-O
1978
99 Ma
99 Mt
J-J
1977
*98 Ma
A-O
mtge 3s
(Wise) 1st. mtge 2%s
3 Vis
1067/a
95
Power Co—
mtge 2Vis
mtge 2Vis
Northwestern
105
Ma
98
J-J
2047
85
105
99% 100
Q-J
Q-r
Ma
13
—
105
100
98 Vi
13
128 % 128 %
u-a
2047
■75
73
108% 108%
US
2047
46
103
103
Q-A
1st
93
10
108 Vi 109 'A
States
(Minn)
997/b
1
93
79%
98 'A
39 Mi
6
105
J-J
u-a
1997
Ref Ac Impt 4M2S series A
Ref Ac Impt 5s series C
98
83%
98
108 Ma
92
92 Vi
*81
98
J-J
107%
15
19
*71 Ma
97 Ma
96
106 3/a
1
11 Mi
63 Ma
58
35
18
F-A
2047
registered
45 Ma
*._
18
Jf-N
Jan 1 2047
3s
45
F-A
1997
!
registered
3s
J-J
F-A
1974
Pacific Railway—
4s
Ref Ac Impt 5s series D
Coll trust 4M2S
A-O
2003
2003
ref
5
Jf-fl
5s
lien
General
41
Jf-8
H
Ac
26%
41
Nashville RR—
1st Ac ref
1st
4s
105
41
3%
4Mas series A
ref
120
0^23
A-O
7 Ma
21
gold 5s
N Y Telephone 2%s ser D
Ref mtge 3Mes ser E
Ref mtge 3s series F
Niagara Falls Power 3Vis
Norfolk Southern Ry Co—
AGen mtge 5s conv inc
2014
Norfolk Ac Western Ry 1st gold 48.1996
Northern Central gen Ac ref 5s
1974
41 Ma
30
5
4 Vis
gold
70%
31 Ma
27
274
gold
8 AGeneral
2003
modified
Lehigh Valley Terminal Ry ext 5s_1951
Lexington Ac Eastern Ry 1st 5s
1963
Liggett Ac Myers Tobacco 5s
1951
Littie
63%
35
57
24
5 A 2d
93
2003
4Vis
5s
61 Vi
35%
Jf-N
172
Y Steam Corp 1st 3M2s
IN Y Susquehanna Ac Western
5 A 1st refunding 5s
101Vi
96 Ma
90
88 Mi
64
2003
registered
4 Vis
100
1
2
60%
61%
8 Ma
37/B
N
90
High
7V4
3%
97
—
Low
7%
94
90 Vi
Jan. 1
No.
3%
92 Ma
90
Range Since
Sold
High
J-D
89%
90 Vi
Bonds
11-6
7
94 Ml
100%
stamped
General 4s
N Y Power Ac Light 1st mtge 2%s__1975
N Y Ac Putnam 1st cons Rtd 4s
1993
N Y State Elec Ac Gas 2%s
1977
Lehigh Coal Ac Navigation Co—
Lehigh Valley Coal Co—
5s stamped
5s stamped
Friday's
Bid Ac Asked
June 1992
1955
tAN Y Ont Ac West ref 4s
1
92%
Ma
92
or
Sale Price
Low
/-D
'•
Period
High
.1997
Dee
Week's Range
Last
Interest
New York Stock Exchange
.1997
.1975
reg
8
BONDS
Jan. 1
Sold
Ltd—
Co
APRIL
Ranee Since
Bonds
Bid & Asked
Low
ENDED
Friday
Week's Range
or Friday's
Last
gale Price
WEEK
13
*101 M»
97
97
105Mi
lOCMa
,Ben Telephone—
debentures
*1057/b 106%
M
Macy (R H) At Co 2Vis debs
Maine Central RR 4Vis ser A
1st mtge Ac con 4s
ser B
Msnatl Sugar 4s sink
1973
M-N
•
1960
J-D
fund—Feb 11957
Manila
M-N
88 Mi
Corp 1st mtge 3s
1966
Metropolitan Edison 1st mtge 2%»-1974
Jf-N
3 Vis
debentures
impt
J-D
Prior
5s
series
series
lien
4Vis
101%
M-N
J-J
101%
•
103 Mb
66
13
1st
..
A-O
1967
81
mortgage
A-O
100
102%
61 Ma
55 Mt
■101% 102%
101 Ma
*60
J-J
837/a
83 MB
J-J
52
51%
52
J-D
71
70 3 b
;l
84
*
72
1st Ac ref
62
82 Vi
48
J-J
1978
D
J-J
64%
A-O
75
Jan 1967
.
65 Ma
68
76
79
V
,
64
A
1st Ac
A 1st
Ac
AConv
61 Ma
J-D
106
1
106
106 Va
103 Vi 103 Vi
4
102%
104 Ma
J-D
103% 103 Vi
5
102 Ma
103%
106
L.
.1974
J-D
.1979
J-D
.1977
J-D
.1981
J-D
97 Ma
97 Ma
10
95
.1980
J-D
99%
99%
14
98 Ma
.1982
J-D
104% 104%
1
103%
.1985
J-D
Ac
1st
series
2 Vis
ref
series P
&
ref
M
3 Mas
80 Ma
Tel
27/bs
f
debentures
ser
R
debs
J,
3Mis debentures
.1986
.1987
103
102 Mi 102
95
9 4 Mi
A-O
.1978
—
*96%
101%
103%
101 Ma
103 Ma
5
101%
Mi:
102
-V~
MS
1975
84 Ma
79%
75 Ma
70
84 Ma
457/s
43 Vi
46
557
5s
37 Ma
46
ref
series
F
.1977
MS
83'/a
79 Ma
84 Mi
334
75%
5s
84%
series G
1978
U-N
82 %
79 Ma
84 Ma
83
75%
84 Ma
1949
Jf-N
27
25 Ma
27
311
21%
27
1980
84 Mi
177
75 Ma
84%
84
159
75 Ma
Pennsylvania-Central Airlines—
84
gold 5Vis
A3Mas
-
A
ser
Ac ref gold 5s
series
A 1st Ac ref
5s series I
H
Morris Ac Essex 1st
gtd
Constr M 5s series A
A-O
83%
1981
F-A
83%
1991
Moh'k Ac Malone 1st
gtd gold 4s
Monongahela Ry 3%s series B
Morrell (John) Ac Co 3s
debs
u-a
1966
3Vis
U-N
2000
60
104
U-N
93 Mi
M-N
55 Vi
19
77
77 Mb
3
72
Jf-N
92%
A-O
73
93
t
;
58%
76 Va
5
53 Mi
81 Vi
71 Ma
75 Va
91
Pennsylvania
Cons
Chattanooga
Ac
St Louis—
93
•
;
1st gtd
4Vis
J-D
N
J Junction
New
Jersey
RR
gtd
Power
1st
Ac
A-O
Jf-N
J-D
100%
1961
Jf-N
117 %
A
5s
series
Certificates
A 1st
4 Vis
100%
'
104 Mi
\
44
104 Mt
98%
117
117
117%
117%
MS
103% 103 Mi
99% 101 Ms
100% 100%
t
99 %
99%
*105% 105 y«
103%
Certificates
A 1st
A
5Mas
4
•
23
104%
104% 104%
J-J
101
100% 101
101V*
..1981
A-O
95
..1984
J-J
95 Ma
..1952
A-O
4s
A-O
F-A
90 Ma
92
T-b
1954
F-A
2013
94%
N
Y
Lack
4 Vis
1st
Ac
series
Y New
90
95 Vi
93
90 Ma
River
Ac
1st 4s
46
99 Mb
102
837/u
15
83
20
IO6M2
17
517/b
70
69%
70 Ma
16
67
67
1
F-A
53%
53%
3
F-A
*50V8
51
.
60%
Ma;
87
55
'
53 Ma
Ac
Certificates
of
i
f 4s
.1937
T-a
60%
Mi
97
97
97
91
91
2
90 Ma
92
91 Vi
90%
91 Vi
27
86%
T-A
91 Mi
100 Ms
100 Vi
29
99%
2
94%
977/b
101
Jf-N
Pittsburg Bessemer Ac L Erie 2%s
Pgh Cine Chic Ac St Louis Ry—
1998
1953
J-D
1957
Jf-N
1960
F-A
1963
F-A
1964
J-J
100
96
*96 Ma 114
70 Ma
—
*__
72 Mi
807/b
100
Jf-N
J-D
gtd 4M2S series I
Cons gtd 4M2S series J
Pgh Cine Chic Ac St Louis RR—
mtge
5s
series A
1970
mtge
5s
series
B
1975
A-O
Gen
mtge
3%s series E
1975
109 Mb
106 Mi
101MB
1st gen
gen
Potomac
Service
104%
•103 Mi
103% 104 MB
103
867'b
101
86
*__
1C0
99 Vi
~~
107
108
89
101 Mi
102% 103
100%
103
10 1MB 101%
101 Ms
103
J-D
*83 Ma
103
90
81 Ma
92 Mi
92
A-O
83
83
83
82 Ma
A-O
83
83
83 Mi
81
92
109
109
F-A
*109
J-D
1977
J-D
J-J
100Vi 100 Vi
1
J-J
106Vi.106 Mi
1
106
106 Ma
F-A
*._
J-J
[I
102
102 Vi
69%
1st Ac
ref mtge
42
48 Mi
1st
ref
Ma
102 Mi
103%
&
Ac
Ac
ref
3MiS
mtge 3s
mtge
8s_
Gas
1956
99 Ma
100 Mi
107 Ma
M-N
*102% 103 Mi
Jf-8
—1963
Elec
debentures
60 Mi
1st
15
113 Ma
114 Ma
100
3s
163
111
113 Ma
104
104
U-N
1974
Providence Terminal 4s
1,224
111
112
1983
Public
44
111
*109
111
1977
81
43 Ma
105%
103%
103 Vi
A-O
1st mtge 3MiS—1966
Pwr
72%
44
105%
__
*„
i
99%
99 Ma
' 99%
Co—
102
1968
J-J
*108
2037
J-J
*147 Ma
J-D
*213
Jf-N
*105 MB
2037
.—
220
—
43
101 Mi
102
107 Mi
ioiy8102
;
987/a
107Ma
J-J
1964
mortgage 3 Vis
1st mortgage 3s
78
A-2022
97
105
98 Ma
105% 105%
*103%
10
Ry—
5Mas inc debs
69
62
105%
10 Ma?
102%.'.
1958
1962
..
61
8 Ma
1960
5s series C
4Mas series D
Elec
8 Ma
101 Vi
99:
102 Mi i
1959
5s series B
Co
14
12
\
100%?
1958
1st mtge 4M2S series B
1st mtge 4M2S series C
Pitts Youngstown Ac Ashtabula
1st
101 Ma
102
1965
1st mtge 4M2s series A
Pittston
"l
87/8
Vi 102
*97%
i
debentures
gen
9 Mi
9
101
101 Ma
99
*102 Ma 108
A-O*
12
62
101 Vi
J-D
Cons gtd 4s series F
Cons gtd 4s series G
Cons gtd 4s series EE
1st
99 Ma
9
*8
I.¬
61
56%
100 M»
101 Ma
J-J
Il964
*100
deposit
52 Vi
58
1
116 Ma
109
104 MI
—
105 Vi
105
99 Vi
Pittsburgh Steel 1st mtge 4MiS
Pittsburgh Ac West Virginia Ry—
51
16
114
116Va USMa.
99%
81%
49
61'/a
104%
98%
100%
75
51%
13
55
111
96
14
1
67
91
Jf-N
98
35
69
J-D
*96 Ma
98
104%
10
Pittsburgh Consolidation Coal—
A-O
"I
11 Ma
100 Vi 100 Ma
73
A-O
100
•
14
101 Ma 101%
3Mes
*49%
..
53
100 y8100 7/b
Pittsb Coke Ac Chem 1st mtge 3%s_1964
F-A
110
U-N
66%
J-J
1954
100 Mi
U-N
54 Vi
2007
ser
99 Vi
J-D
;
J-J
Chester—
101
.1971
61%
258
Hartford RR—
Port
101 Mi.
93 Ma
.1967
Phillips Petroleum 2 Vis debs
1
-
mtge 4s ser A
AGen mtge com Inc 4Vis
93%
20
.1974
51 MB
2)6
Jf-N
29
95 Ma
2%s_
168
63 Mi
1973
95 Ma
2%s
A
;
95
1986
series A
-
94 Mi
ref
56
57Mi
1973
4s
116
106 Vi
110
•; 94 Vi
*
*109 Mi
105%
F-A
95
61%
2043
98 Va
103 M»
ref
_1978
97%
55%
J-J
.
Ac
54%
F-A
98
F-A
J-J
27/bS
93
*
2043
27
*103 Ma
J-J
ref
1975
Ac ref
Harlem
ref 2%s
1st
1st
B
Ac
.1974
.1977
.1961
1st
94
62 Ms
2000
101%
114%
149
51%
Jf-8
:
21
96 Ma
56
gold 3Vis
West
B
series
5s
1st Ac
i
92
A-O
1951
101 Mi
*13
F-A
101 Ms
OO I>
A-O
gold 4s
Haven
54
1998
ser B
100
•103 Ma 104 %
110
v
Apr
Cons
95%
1998
Mtge 4s series A
Mtge 4s series B__
N
A-O
98%
1980
Connecting RR 2%s
N Y Ac Harlem
J-D
J-D
85
1998
Ref mtge 3 Vis ser E
1st mtge 3s ser P
1st
1963
1960
—
4s ext
4s
.1981
92
1998
3Vis
100%
;
25
101 Mb
,
105 Vi
1997
gold
3Vis registered
Mich Cent coll gold 3Vis
3Vis registered
New York Chicago Ac St
Louis—
N Y
Eastern
2%s_
104
1997
mtge 3 Vis
registered
N Y Dock
Ac
Gen
1998
A
1
103 Vi
99 Ma
83 ~
100
J-J
Gen
series A
coll
F__— ..1985
ref
104 Vi
1
91%
deposit
impt 4Vis series
Shore
series
1st Ac
100%
15
90 Ma
90
deposit
General
3Vis
3%s
$
8
90 Ma
90 Ma
F-i
Ref Ac impt 5s series C
.2013
N Y Central Ac Hudson
RiVer RR—
Lake
3Mis
debentures
conv
General
New York Central RR Co—
Ref Ac
104 Mb
4Mis series 1
deb
101'/a 101 Ma
101 %
J-D
103%
16
-
Cons
J-D
.1968
t§APhilippine Ry 1st
J-J
1956
A
of
_1965
103%
deposit
of
series
Certificates
A—
Vis series D_
mtge
16
1st Ac
*__
D
69 Ma
104 Ma
103
100%
115 Mb 115 MI
B_—
series
series
General gold 4MaS series C
Philadelphia Co coll tr 4Vis
Philadelphia Electric Co—
106
—
A
101 Ma
100 Mi
F-A
Apr 1990
Peoria Ac Pekin Union Ry 5%s_._. .1974
Pere Marquette Ry 3%a ser D
.1980
*80
1964
A-O*
..I960
4
A Income
.
101%
1
Beries
100
100%
F-A
J-J
55 Ma
103%
Phila Bait Ac Wash RR Co-
1057/a
100% 100%
J-J
deposit—
of
99%
102
A-O
1956
of
C
14
102
1974
B__
Certificates
A 1st
A
series
1.
•99 Ma 100 Ma
1982
1953
INew Orleans Texas Ac
Mexico Ry—
A
5s
89 Vi
•102
1986
Light 3s
84 Ma
103%
1988
4r
5
104% 104%
J-D
New Orleans Great
Nor 5s A
1983
New Orleans Ac
Northeastern RR—
Ref Ac Imp 4Vis series
A
1952
New Orleans Term 1st
gtd 4s
1st
87
100% 100%
1952
debentures
New Jersey Bell
Telephone 3 Vis
149
RR—
mtge
Gm
Conv
*104
1967
3s
.1965
;
100%
'
■—
84 Vi
1954
series B
62%
103 Mi 103 Vi
A-O
5s
3s
J-D
Supply 2%s debs
Naugautuck RR 1st gold 4s
New England Tel Ac
Tel 5s A
53
103% 103%
J-D
4M2S
Peoria
Products 2%s debs.1970
debentures
1970
National Steel
Corp 1st mtge 3s__.1965
National
104 Mi
Peoples Gas Light Ac Coke Co—
F-A
3s
.1975
General
"
'"
1988
61
103%
General
■».>
N
Nashville
A-O
Jf-N
Cneral
,
Gen
1st mtge 3s ser B...
National Dairy
.1952
sinking fund 4 Mil.
"
--
income debentures..1960
.1960
Pennsylvania Glass Sand 3 Vis
Pennsylvania Power AS Light Co—
62%
104%
102Mb
1
series E trust ctfs__
4s
1st mtge 3s_.
3s s f debentures
102 Ma
V
12
92 Mi
Gtd
r
103%
105 %
100 Va
r 1
102%
104 Ml
102
*104%
96 Mb
>98 Ma
103
~V
Pennsylvania Co—
'
101
2
-
54
55
57
—
*101% 103
J-D
1956
Constr M 4 Vis series B
1855
Mountain States Tel Ac
Tel 2% 8.1-1986
3Vis debentures
1978
79 Vi
104
F-A
1958
79 Vi
*58
conv
98
104%
IOOV'B
9
98'/a
104% 105%
US
J-J
102%
100
95%
95
102 Ma 102 Ma
Jf-8
.1983
.1955
f gold 4%s_
s
11
<7
103'/a
102 Ma 103
103
A-O
_
3Mas debentures
Paducan Ac 111 1st
I
,
Q
2%s
debentures
3VeS
70 Ma
667/b
ref
A 1st
'
t-A
1965
'
J-D
A
1st Ac ref 5s series A
A General
4s
98
105
.1966
1st Ac ref 2%s series
69 Ma
18
'
V,
95
104 Mb
.1970
1st
85 Mb-
40
64 Mi
74 Ma
2
13
1st Ac ref 3s series N__
74%
43
63
,.'63 Ma
97%
1st Ac ref 3s series M
53 Ma
5
47
,
97%
II
.1971
series K
3s
1st Ac ref 3s
87
44
Mi
A-O
97%
J-D
3Mas series I
ref
Pacific Tel Ac
81
80%
J-J
1962
103 Mi
96
5
1st Ac ref 3s series J
RR—
1962
16%
100%
97%
104 MB 104 Mi
V,
F-A
1978
11%
3
97 Ma
1st Ac
102 %
61
•
1975
A—1960
3Vis
ser
68
12 Ma
97'/a
Pacific Gas Ac Electric Co—
107%
100
29
Jf-S
1940
A-O
102
105%
102%
107 Vi 107%
107'A
14-5
16%
102% 102%
J-J
1974
100
101 %
5
73
71
US
1969
A
series
1948
—1975
4s
105%
100
•
—
101% 101%
Jf-8
1969
B
A Cum
adjust 5s series A
^Missouri Pacific RR Co—
guaranteed
1st mtge 3s
mtge 2%s
Oklahoma Gas Ac Electric 2Vis
103
100 Ma
*100
8t Paul Ac 8ault Ste
Marie—
1st mtge 4 Vis inc ser A
Jan 1971
AGen mtge 4s inc ser A
Jan 1991
Mo Kansas Ac
Texas 1st 4s
1990
4s
98'A
*104»/a 105%
1979
Minn
lien
8 A 1st
1st
98
101% 101%
US
1952
C
1st mtge 2% s
1st mtge 3%s
If AMidland of N J 1st ext
5s
Minnesota Mining Ac
Mfg 2%s
40-year
97
101% 101'A
101%
A-O
Michigan Cons Gas 1st mtge 3Vis.l969
Prior
*97%
195.1
series
Missouri-Kansas-Texas
;
Ohio Edison
1988
4Vis
tOgdensburg Ac Lake Champlaln Ry—
I
Oregon-Washington RR 3s
JlCk Lans Ac Sag 3Vis
1st gold 3 Vis
Ac
95
89%
Co—
Michigan Central—
Ref
71 Ma
85 MB
69
Mead
Michigan Bell Telephone
101V4
92
88 Mr
88%
J-J
69
12
95
*92
RR
(Southern Lines) 4s—1959
May Dept Stores 2%s debs
1973
100%
*100'/2 101%
69'A 69 Vi
J-D
1984
'
107%
146 Ma
148
215
215
104
104 Ma
'
THE
169 r Number 4793
Volume
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1585)
29
NEW YORK BOND RECORD
RANGE
Friday
-
Interest
BONDS
Period
New York Stock Exchange
Week's
Last
or
Sale Price
FOR
WEEK
ENDED
APRIL
8
Friday
Range
Friday's
Bonds
Bid & Asked
Low
•
Jan
Low
No.
High
Week's Range
Last
■*
Period
New York Stock Exchange
1
.
Interest
BONDS
Range Since
Sold
or
Sale Price
Friday's
Bonds
Bid & Asked
High
Low
Range Since
Sold
High
Jan. 1
No.
Low
High
108'A
109%
100
100'%
'
1
Q
J-J
.1964
Quaker Oats 2%s deb.
L4-*.
U
*
*100% 101%
-
Union
102
100%
»
1st
:
Reynolds
Gas
Elec
&
2Vis
Af-N
,1,
86
A-O
Tobacco 3s debs__1973
(R J)
Rochester
I
86
103% 10334
—
M-S
1967
M-S
Gen
mtge
3 Vis
series
I
1967
M-S
ran
mt.sre
3Vis
series
J__
1969
M-S
1949
3-J
1941
3-J
1971
M-S
1996
3-J
1996
A-O
1955
3-J
1997
J-J
is
tSARutland
4Vis
RR
1
Union
9334
86
6"
swmpcu
stamped
*__
'■
St
Lawr
2d
Power
&
series
3s
Adir
1st
A
gold 6s
gold 6s
Rocky Mt & P 5s stamped
St Louis-San Francisco Ry Co—
1st mtge 4s series A
*
A 2nd
St
mtge inc 4 Vis ser A
Louis-Southwestern
4s
Gen
bond
U
w-
106
'
,
& ref
J-J
10
18
8%
834
12%
56
8%
gold 5s series A
*99'%
Scioto V & N E
1st gtd 4s.
Air Line RR Co—
Seaboard
70
80
79
1st mtge 4s series A
r-','
:
.'
d53
69
86
d52'%
57%
108'/a 108%
108 %
1st
61%
*__
*102
Seagram
1966
Shell
1971
tSASilesian-Amer Corp coll tr 7s__1941
■
&
Nor
Southern
3s
Ala
Bell
RR
Tel
1976
'
-
—
95 Vs
96%.
14
18
1979
J-J
1985
F-A
*95'%
J-J
98'%
98%
1994
J-J
74
74
1st
4 Vis
A
Gold
4 Vis
4Vis
1st mtge 2%s series E
1st mtge 2%s series F
1st mtge 2 Vis series G
8934
Af-N
1981
1st mtg 3%s ser A-1975
Pacific RR Co—
98%
Af-N
1969
Gold
Southern
__
Af-S
1977
86%
J-D
1986
J-J
1994
J-J
Devel
&
gen
4s series A
1956
&
gen
6s series A
1956
6Vis series A
gen
1956
1
91'%
79'%
Standard
Oil
1971
1966
97
92%
1973
West Penn
77%
West
234s
debs
.
debentures
A-O
%
1(L
*
90
90
107%
90
93 3 4
99%
105
98
96
10
105
99%
103'/a
1
1
104
90
4
110
104
16
,
103%
105%
80%
81
13
70 %
71
22
70'%
76%
96%
96%
5
96%
99%
100'A 100'A
87%
87%
5
98%
100%
5
87%
105
4
Apr
M-N
100'A
87%.'
Af-N
__1970
A-O
gold 3%s__200o
105
F-A
A__1970
ser
81
Apr
Apr
105
52'A
F-A
80%
92
104'%. 106%
51
3
55
99%
52%
101%
*—
83
99%
Ltg 5s stpd
3'%s—
1950
J-D
1967
J-D
1966
J- J
2361
M-S
54
2361
Af-S
"53%
Western Maryland 1st mtge 4S—1952
Western Pacific 4'As inc A
Jan 2014
A-O
101%
Gen
mtge
Power
Shore
1st
gtd
3'As series I
4s
guaranteed
107
108
95%
86%
9234
101
Western
106%
107%
16
108%
109%
54
55%
66
54
63%
52%
53%
42
52%
62
101%
56
99%
1
99%
100'%
101% 101%
24
101'A 101%
31
101%
101%
101%
101%
'Funding &
25-year gold
87%
8414
95%
82%
116'/a
107
30-year
5s
33
80'%
86%
2
100%
101%
98
Mfg
M-S
Gen & ref M 2%s series A
1992
Wheeling Steel 3'As series C
__1970
104
series
"99%
100
101%
J-D
*95%
M-S
1967
99
99%
140
100
101%
100%
101 Ji
100% 10032
__
14
j
.II
*98'%
'
D
10
99%
100% 101
100 7/b
Af-N
1949
110
1003A 100%
J-J
_1973
106
3'As
81
82%
M-S
__1P'71
102%
mtge
-
J-J
Wheeling & Lake Erie RR 4s
1st
101 %
J-J
1951
2'/es__
debentures
conv
101 %
___1960
;
&
debentures
2.65s
101
99%
M-N
1951
5s
Westinghouse El
2%s
-
May
Telegraph Co—
real estate 4%s__.._1950
106
97%
106%
2
109
107
Union
104
33
105%
107
*105% 10534
"108%
108%
101%
102
31
*105
M-N
2Vis
Westchester
98%
111%
91%
51
103'%
97
J- J
Co
1st ref gtd
96%
79%
99%
*99
"
J-J
'I
99%
97
99%
99%
96%
98%
96
-
103 %
105 %
J-J
1972
Sunray Oil Corp 2%s debs
&
Warren RR
.
F-A
deb 2%s
Af-N
1973
(subordinated)
103 %
84
102% 102%
Af-N
(N J)
debs
Washington Terminal 2%s
93%
'
9
106
__
102 34
Apr
1966
Swift
5'As
96%
85%
1
.
*__
•«
Af-N
Oil
2%s debs
A-O
103
'
ASpokane Internat 1st gold 4Vis__2013
Calif
*__
(Hiram)
12314
100
8
"
■
102
107
•
A-O
Standard
of
97%
54
*
J-J
Southwestern Bell Tel 2%s debs..„1985
3 Vis debentures
1983
86%
9134
102
,
18
■*
J-J
106
98% 100'A
102%. 103%::
109% 110
G & W 2%s debs_1966
Walworth Cq conv debentures 3%s_lS76
Ward Baking Co—
101%
,
96%
20
11234 113%
112%
A-O
1996
1951
Memphis Div 1st gold 5s
St Luuis Div 1st gold 4s
99%
3-J
1995
74
r
51
87%
100%
79'%
■
&
1
-
64
*94
'
A-O
Devel
1
86%
*
A-O
Devel
106
99%
*
A-O
1958
97
5
89'%
8634
>-
"*
Ry 1st cons gold 5s
88%
100
J-J
1961
/
Af-S
2003
100%
20
9834
98%
J-J
1996
80
-
105
.
1978
1st gtd 5s
Registered
(Oregon Lines)
Jfef-S
*__
*105
___1963
debentures.;
5s
cons
Walker
Co—
San Fr Term
Southern
mtge 3s series F___
conv
95
96 %
1987
Pacific
F-A
Af-N
1975
mtge 2%s series E
94%
102'% 103%
debentures
Southern
94%
75%
\
...
;
1955
1957
123
.
debentures
Ry 2%s
93%
W
96
.100
.
—
2%s
Indiana
•
80
Gen mtge 4s inc series A
Jan 1981
Gen mtge inc 4%s series B__Jan 1991
1st mtge 3'As series B
1971
69%
96
'
•»
95%
*123%
4s series A
1st lien & ref M 3'As ser C_
102%
25
5
2%s
Southern
5
96
*77 %
100%
Wabash RR Co—
95%
'
52
95%
-
V
debentures
93%
*95'A
Af-S
•
63
130
-
96
A-O
Co—
93%
A-O
1959
Virginian Ry 3s series B
128
100
67'%
*100% 101%
,
J-D
1963
gtd 5s
Tel
&
Af-N
1967
10634
102
127
.
49%
96
J-J
1965
93%
99%
103%
,
10634
__
*95%
'
F-A
Skelly Oil 234 s debs
Socony-Vacuum Oil 2Vis
4
103
92
90%
10034
—
65'%
67
A-O
(Jos E) & Sons 2Vis
Union Oil 2Vis debs
10
'
__
*100'% 101
J-J
J-D
South
101
9
'
& ref
1st
109%
85%
108
^*127
—
105
91
fOl'% 101%
101%
J-J
1996
!
debs..__
series B_,
& Southwest
Va
88%
52%
6
*90
-
,.
100%
9334
100% 100%
A-O
1976
debs__
s
cons
4s
& ref
3Vis
83
226
f
s
1st
100
.99%
-
85%
A-O
Jan 2016
234
debentures
s
g
86
2
V
*100
85'%
M-N
93%
Virginia Electric & Power Co—
\
AGen mtge 4Vis series A
34
Cons
76
*—
.
9734
70
J-D
1989
1966
3%s
100
__
70
70
J-J
1990
Paul & Duluth 1st cons gold 4s_1968
Paul Union Dept 3 Vis B
»
1971
St
Af-S
100%
101% 102
1991
104%
99%
2
F-A
~7
12%
'
St
103%
103'%
100% 100%
C
series
Vandalia RR
8%
12
M-N
1989
104'A
1976
Universal Pictures
10
,
__Nov 1989
10034
RR—
2%s
Rubber
S
2
106%
10
May
10
J-D
__
10634
*106
*
Ry—
ctfs
*103
*
-
certificates
bond
inc
4s
J-J
——
__
"
1st
2d
103
•
'
Jan 2022
100%
103
—1970
United Biscuit 2%s debs
*
,
*98
M-N
1967
deb
3s
debentures
mtge
*109% 110
A-O
1968
Calif
Pacific
2%s
"
St L
of
Af-N
—1975
"
125
S
Saguenay
1971
3%s—
trust 2%s
■
104
102%
of Mo
Co
coll
debentures
Ref
1977
{ ARut-Canadlan
",I
863 4
Corp—
mtge 4V2S series D
Gen mtge 3%s series H
oen
Oil
Union
R
Reading Co 1st & ref 3%s ser D__1995
Electric
mtge &
debentures
3s
*45%
46%
963a
105%
Wilson & Co
96%
*97%
98%
97%
*101% 101%
101%
57
97"
{Wisconsin
96%
94%
95Vi
>
1st
Winston-Salem
51%\52
102'A ro3%
*10234 103 %
S A 1st general
A
97
98
■
101%
1958
*102% 103%
J-J
*113"^:—
1949
J-J
of
Electric
Wisconsin
Public
.112%
Power
Service
75
69 *
721
77
43
31
41%
49%
-74%-
75
J-J
deposit
§ ASu & Du div & term 1st 4s___1936
A Certificates of
deposit
___^
Wisconsin
102'% 104
ri
Ry—
4s__T
Certificates
A-O
1960
mortgage 3s
1st 4s!
S 'B
Central
Af-N
-
42%
*
.
1976
j-D
3%s____1971
J-J
2%s
42%
41%
.11'
"'*96%
*105
4634
95%
97'/a
104%
'
105%
104%
*
•
-\t
Terminal RR Assn of St Louis—
Ref
&
V Ref
Texas
&
Texas
&
imp M 4s series C
imp
New
series
2019
A-O
M-N
D
deb
Orleans
'1st &
ref
M
1st
gold
Pacific-Missouri
Term
Third
RR of
Ave Ry
AAdj
Tol
New
96
96
.
,
1990
A-O
*92 %
2000
5s
J-D
123'/a 123%
1985
Pacific—
1st ref 4s
J-J
Elec
Lt
Power 234s__i_1976
«fe
J-J
94
94
;;
99
93 % V
97%
97%
not
10134
97%
2
102.
100%
delivery
the
year's
in
the
...
sale
53
57
155
50
71%
22
22
26
380
22
not
range
n
included In the year's range,
d Ex-interest,
e Odd-lot
sale not
Under-tbe-rule sale not Included in the year's range, r Cash sale
y Ex-coupon.
•
year's range,
impaired
{Companies reported
53%
A-O
as
by
maturity.
being in bankruptcy,
receivership, or reorganized under Section
by such companies.
~
4534
J-D
99
Af-S
1961
in
included
SNegotiability
102
3-J
Jan 1960
Tri-Continental Corp 27/8s debs
I
102
Deferred
Included
123%
>-* 00
60
98
a
97%
92
3
/
J-D
.I960
income 5s
96
Yonkers
106
10
,
Orleans :3%s__1974
Ohio Cent ref & impt 33/4S__1960
&
101'/a
105
•
Gen & ref M 3%s series E
Texas
-
17
r
A-O
1970
3%s series C
Pacific
&
■
11534
99%
'
,
105'% 10534
105%
..
.
115%
4
'
10034 101%"
•
•
RR—
1st & ref M 3%s series B__
Texas
11534 11534
J-J
1985
1965
2Vis
Corp 3s
*99
Bankruptcy Act,
securities assumed
or
98%
■;
102
♦Friday's bid and asked prices;
99%
2
99
100%
the
100 %
ABonds
:
selling flat.
no
sales being transacted during current week.
■/'
'
J
■
oti
77
,
'
'!
'
"
-jt
a.
j
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
footnote
a
In
and
the
deferred
week
In
delivery sales
which
they
YEARLY
AND
RECORD
disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly
No account is taken of such sales in computing the range for the year.
are
occur.
range
are
shown
In the
following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, April 2
ending the current Friday, April 3.
It is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether
stock or bond, in which any dealings have occurred
during the current year.
and
|"V
Friday
STOCKS—
New York Curb
.
Sale Price
Par
*
,
.
v
ACF-Brill
Motors
Acme
Aluminum
Acme
Wire
Adam
Hat
Co
warrants
Alloys
-v !;
■
WEEK
ENDED
APRIL
8
Shares
Range Since January 1
Low
High
Last
Sale Price
1
Par
Jan
1%
Jan
Altofer
~2'%
200
2% Mar
334
Jan
Aluminum
%
350
21% Mar
32%
Jan
500
3% Mar
4%
23
23
4
4
4
$3.75
Bros
common
Co
America
of
cumulative
Supply Mfg
Agnew Surpass Shoe Stores
Ainsworth
Mfg
common
Air
Associates
Inc
(N
_1
•
5
1
J)
1%
1%
1,100
__
__
__
1% Mar
1%
Jan
7'%
Aluminum
Ltd
9%
9%
300
8%
5%
5%
GOO
5'% Mar
10'% Mar "
6%
Jan
Electric
Alabama
Great
Alabama
Power
Alaska
Airlines
Appliance
Southern
___3
5%
Feb
7
Mar
American
&
Fisher
Internat
Investing
Allied
Products
(Mich)
Altes
Brewing Co
footnotes
Cities
Power
&
84
85
30
84
Apr
92%
94%
95%
150
91
Jan
95%
Anr
American
Fork
&
Hoe
4'%
5%
21,300
3%
Feb
5%
Apr
American
Gas
&
Electric
3'%
Jan
5
3%
3%
500
2%
Feb
3'%
Apr
$2
16%
16%
50
15% Mar
17%
Jan
$2.50
5%
534
700
Jan
American
Jan
,
Class
Corp
common
1
5
page
33.
16'%
Mar
46%
1
class A_.
—
96%
;
Jan
150
9334
Jan
2334 Mar
150
5'%
46%
Feb
54
;
Jan
Mar
98 % Mar
26'%
Feb
3,200
6%
High
9'%
Mar
100
93%
24
6
■h
l-r*
48
Jan
634
•
1
U
3,700
-
l'/a
*
-
~
Apr
Jan
61
Feb
6
.
-
Mar
'
Jan
5134
Jan
1%
1%
66
Jan
Jan
Jan
Light—
common
com
preferred
17%
150
17'%
Jan
1834
Feb
43%
17,900
37 34
Jan
43'%. Apr
—
6%
111 %
.100
Corp common— -10c
—1
preferred
Feb
1734
42
—
*
10
American General
634
1734
43%
1
B
convertible
46 %
10
1
100
-
5%
1
see
Co
84%
|
Low;
48
3.300
52%
24
6%
common
Co__
95%
1
common
Allied
For
Book
_100
4%%
Alles
Car
Beverage
50
pfd
5034
96%
•
1
4.20%
Inc
-100
common
common
American Bantam
American
American
Air-Way
Range Since January 1
High
Jan
Feb
Industries
Low
6
51
*
Jan
7%
1%
:
•
common
preferred
Aluminum
Aero
Shares
*
Jan
%_
1
Sales
for Week
Range
of Prices
•
~2%
.
Week's
Friday
STOCKS—
New York Curb Exchange
for Week
High
10
Inc
FOR
Sales
Range
of Prices
Low
1
common
Stores
Week's
Last
Exchange
RANGE
2%
'
6%
800
100
111%
2%
.
111
-
500
Jan
2% Jan
100
30
112
2%
Mar
Jan
27'%
Feb
30
Jan
32%
29'%
Jan
34
Jan
12%
Mar
13%
Jan
'
convertible
preferred-.
—1
*
5%
Feb
6
Hard
Rubber
Co_
—
25
13
13
100
.
COMMERCIAL
THE
(1586)
30
NEW
&
YORK
RANGE FOR
Friday
Par
Class
& Chem
Potash
American
10
2
10c
—*
•
5
Republics
Seal-Kap
$6
common
Superpower Corp common
series preferred
10%
10%
10%
200
7,000
Central Power ft
Light 4% pfd
ICentral States Elec 6* preferred.
88 %
88%
88%
75
85%
Jan
88%
1,350
5'A
Feb
7%
31
4
26,400
Mar
14
Mar
31
Mar
3 %
.
v
5%
Feb
Feb
10%
Jan
36
200
34
Feb
41
Jan
225
23%
Jan
28
% Mar
Jan
28 % Mar
Feb
25'A
500
9%
8
26'A
26%
3,600
22%
21'/a
22%
7,500
21%
3'A
27A Jan
200
V2
3 %
27,100
i'rt
76
Jan
Charls Corp
Feb
47A
Jan
6%
Apr
5%
5%
300
47A Mar
5%
Jan
7%
300
7% Feb
8
Mar
16%
16%
200
15% Mar
17%
Feb
3%
3%
100
2%
6%
6%
300
57A Mar
1,700
7%
7%
8%
10%
10%
10%
8,200
~7
_7
_7%
1,200
6'A
6%
10
preferred
Arkansas Power & Light
Aro
1,400
16%
8
$7 pfd
•
2.60
Equipment Corp.—
Jan
6% Mar;
4
Jan
7%
Jan
7%
600
12%
250
11% Mar
13%
Jari
58%
125
57% Mar
64%
Jan
100
14% Mar
14%
Jan
10%
Feb
17%
10 %
1,100
6
Jan
10% Mar
10
1,600
6
Jan
10
1
Apr
Jan
1 %
2,600
Mar
1%
44%
45%
23,000
38%
Feb
46%
14
14%
300
12%
Jan
14% Mar
10 Vs
44%
3%
Clark
Jan
Controller
Jan
13
Mar
Jan
17
Mar
16%
Co
Clarostat
57A
Jan
8%
Apr
Claude Neon Inc common
10% Jan
113% Jan
10 7A
Feb
2%
7%
9
6%
34%
4,700
5%
100
17%
17
17%
Feb
19%
Jan
22%
22%
900
21% Mar
23%
Feb
7%
7%
7%
800
7% Mar
400
2%
Jan
3%
Jan
3,300
1%
Feb
2
Jan
6% Mar
8
Feb
Mar
34%
Apr
5% Mar
5%
Jan
22 !
Jan
22%
5%
Aluminum Products Co
Club
Jan
29
31%
Cllnchfleld Coal Corp common
114% Mar
8%
Co
15
100
Clayton ft Lambert Mfg
Mfg
200
2%
1%
6%
Mar
48,800
8
16%
2%
11,900
Jan
*
Associated Tel & Tel class A
Atlantic Coast Fisheries
•
1
60
Corp warrants
Atlas Plywood Corp
1
1,300
—W
2%
„
5%
Feb
Colonial Sand ft Stone Co
%
Jan
Colorado Fuel ft Iron warrants
Feb
22%
Jan
Colt's Manufacturing Co
44
Apr
16%
18,900
4%
14%
Apr
5%
Feb
7%
4%
4%
400
4
Jan
4'A
Jan
2%
3%
18,300
2%
Feb
4%
Jan
Jan
40%
Feb
vtc ext
Jan
1956
to
m.
39
4%
30
7%
8
63%
35
3,650
5
29%
1
Commodore
Community Public Service
Compo Shoe Machinery—
Jan
38
1
Jan
Jan
21%
Jan
4%
26
Inc
Hotel
3%
6
3%
5,200
38%
3C
51%
Feb
4,900
5% '
14%
15
25
11,000
7%
2%
1
7%
2% Mar
300
2%
44
44
'
if
■
5%
7%
4%
;———
Jan
16%
'
...;
"5%
Atlas
%
16
Airlines
A Mar
7
£1
Asscricted Laundries of America
Feb
4%
7%
Development ordinary
Colon
Colonial
Jan
11%
5
Cockshutt Plow Co common
8% Mar
Associated Electric Industries—
Atlantic Coast Line CO
Feb
9%
__
57A
1
Anerican dep rets reg
3%
City ft Suburban Homes
Jan
•
—1
Ashland Oil ft Refining Co
$1.20 conv preferred—
Asplnook (The) Corp
600
3%
Jan
36% Mar
Jan
105 % Mar
2% Mar
.
3
6% Mar
9
1
Mining
Cities Service common
City Auto Stamping
8%
Feb
•
Common class A non-voting—
Mar
3%
7%
•
Arkansas Natural Gas common
104
230
3
7%
9%
Jan
14%
18
9%
3 % Mar
Feb
104 7/« 105'A
3
7% Mar
Apr
Mar
58
58%
Voting trust ctfs
Chief Consolidated
1
100
Feb
6%
3%
Chicago Rivet ft Mach
6%
5%
200
35 %
Chicago ft Southern Air Lines
8
i
Anglo-Iranian Oil Co Ltd—
Amer dep rets ord reg
Angostura-Wupperman
Apex-Elec Manufacturing Co——
Appalachian Elec Pwr 4 %% pfd
150
6%
3
Cherry-Burrell
common
Chesebrough Mfg common
Anger man Co Inc common
6%
63
7% Mar
Feb
2
Feb
7
1
American Writing Paper common
5%
Feb
11%
4%
Anchor Post Products
100
55
common
5%
<0
6%
6%
Chamberlln Co of America
Apr
7A
Jan
400
1
Jan
510
6%
~6%
3%
-s?
1
^5%
V/s
Apr
59%
3% Mar
'A Mar
58
1,400
76
73'/a
Jan
15
6%
Cessna Aircraft Co common
Jan
7
6
9% Mar
57%
preferred
Oonv pfd opt div ser
Conv pfd opt dlv ser 1929
CeDtury Electric Co common
Century Investors Inc
Conv preference
Jan
273A
7
7 %
15% Mar
£1
1
preferred
5%
Thread
American
Central Ohio Steel Products
26'A
American
High
Feb
Apr
22'/*
B
American
Amer
•
class A
Low
25%
24%
500
9'/a
26'/4
Range Since January 1
High
Jan
26'A
Co
Meter
Low
.
Jan
36
common—.2
American Metal Products
American
High
Shares
17%
14
3%
3%
for Week
of Prices
22%
,
Co
Maracaibo
American
Sales
Range
Last
Sale Price
Exchange
550
24 %
14
Week's
Friday
STOCKS—
LOW
23%
24
24 %
8
New York Curb
Range Since January 1
Shares
High
22
20
25
25
25
Mach
American Light & Trac common
6 %
preferred
American Mfg Co common
Laundry
American
Low
.
ENDED APRIL
Sales
of Prices
-
Monday, April 11, 1949
EXCHANGE
CURB
WEEK
CHRONICLE
for Week
Range
Sale Price
Curb Exchange
New York
Week's
Last
fiTAfKR
FINANCIAL
67
900
.«.•
Feb
4
V 200
28%
7%
Apr
Apr
5% Mar
Jan
400
■
12
Feb
30%
8
Feb
Apr!
•
'
Automatic Steel Products Inc
1
•
6
10%
26
Ayrshire Collieries Corp com
7%
7%
t
(
Jan
8%
Jan
Mar
11'A
<•-.
Apr
Feb
15%
Jan
4'/t
7%
300
Jan
'•
"
1,000
25
100
23
Jan
12%
'
8
25
.
„
5
6% Mar
*»!»"-
1
Automatic Voting Machine
Avery (B P) ft Sons common
9% preferred
13
600
11
Mar
11%
9
'
25
series B preferred
4%*
preferred series O
\%
Consolidated
Consol
Utilities
Gas
66%
112%
112% 112%
2,800
%
40
109
Jan
113%
102'A
101% 102%
12U
100
Jan
103%
Liquidating Corp
Mining ft Smelt Ltd
:
11%
Babcock ft Wilcox Co
Baldwin Locomotive—
7*
■ ■
*0
*
Baldwin Rubber Co common
Banco de los Andes—
——1
1
pfd
~4%
*4%
~4%
Cooper Distributing Co
8% Mar
•
6
84%
84 %
86
x3%
x3%
■*'
200
13% Feb
5%
10%
Feb
b '/2
SO
Jan
~9%
"9%
300
8% Mar
1%
400
1%
26
—
1
*
5
"
37%
36 %
8%
—»
2
37%
1,300
8%
600
37%
8%
-33
•
100
20
35%
41
41
1
13%
13%
250
7%
7%
33%
2
——100
--
•
Bridgeport Oil Co
Brlllo Mfg Co common
•
7%
Mar
Apr
14%
Jan
16%
16%
;
100
~5%
5%
17%
17%
17%
1,900
5%
5%
5%
Jan
11
Jan
6
Feb
Jan
33
Jan
Mar
74
Feb
16
Mar
21%
Jan
5%
15%
Jan
3%
7% Mar
4%
17%
Jan
100
22%
Oil Co
(Mo)
Mfg Co
Feb
13%
Jan
Feb
15
Jan
19%
20 »A
800
19% Mar
21
Jan
10
2%
Feb
Jan
Jan
Jan
5% Mar
14'A
Jan
4%
4,200
6%
10'A
600
10
Apr
11%
Jan
Apr
11%
Feb
£1
British Celanese Ltd—
10
Feb
16% Mar
6%
36% Mar
75
Jan
4.J00
30%
%
Distillers
K% cum Junior
pfd
Brown Rubber Co
common
Bruce (E L) Co
common
Bruck Mills Ltd class
1%
1%
400
•
22 %
22%
75
21% Mar
22%
Apr
•
2'/a
2'/2
200
2'A Mar
2%
Jan
Jan
9%
9%
500
9%
Jan
10%
5
5'A
1,000
4%
Feb
5%
Jan
8%
87A
600
7% Feb
9%
Jan
V
5
•
32%
32
%
;■--;'.%
%
6%
6%
6%
5%
*
5%
5%
6
5%
•
<
12%
2%
2%
900
2%
3%
2,800
1'
"" '
■
7%
Jan
6
Jan
Feb
6%
Jan
V Mar
13%
Jan
2 % Mar
3%
45
36%
-
45
Jan
14% Mar
5
100
14%
14%
15%
7%
7%
7%
50
12%
12%
;T. 200
12
50
30
3,700
*
20%
Jan
4'A
Jan
10
2.60
;
17
17
100
17
11%
11
11%
1.200
11
177A
17 7A
18%
1,700
17% Mar
•
•
Feb
4%
1
8% Mar,
14%
Jan
31
31
x5 %
3 00
5%
2ft
2A
200
2
Dayton Rubber Co class A
Dejay Stores common
Dennison Mfg class A common
50o
5
8
500
Inc
25e
33%
debenture
Derby Oil Co
6
Jan
3
Jan
Jan
32
6%
Feb
OOe
pfd
Calamba Sugar Estate
Calgary ft Edmonton Corp Ltd
ft Manufacturing
Detroit Gasket
Detroit Gray
Iron Foundry
Feb
9%
2,100
1%
11%
100
1
11
10%
10%
13%
14%
3,600
11%
Feb
15%
Jan
7%
8%
700
7%
Jan
9%
Jan
2%
2%
1,200
2%
Feb
2%
Jan!
1 Feb
132
1
~2%
1
133
Jan
5
4%
4%
Devoe ft
22
•
Raynolds class B
Amer
500
10
400
9'A
300
13%
.
Domestic Credit Corp class A
Jan
Feb
*
%
21
Apr
14%
300
6%
Jan
10%
1,400
2%
Jan
Jan
13%
Feb
13%
13%
9
_2 7
1
9
•
Jan
Dominion Bridge Co Ltd
Dominion Steel ft Coal class B
2 % Mar
Dominion Tar ft Chem Co Ltd
12% Mar
4%
37A
8% Mar
Feb
5%
Jan
7%
Feb
"7%
"7%
600
6%
-
21%
21%
25
20%
Jan
22
Dominion Textile Co Ltd common
Corp
'2%
2%
8
v
13%
300
14
29%
9%
9%
20%
Feb
22
Jan
Jan
10
Jan'
60%
50
64
Jan
65
Feb
30
63%
•
10
Feb
32%
Jan
Feb
74
Dunlop Rubber Co Ltd—
JE1
Amer dep rets ord reg
Duraloy (The) Co
1
Durham Hosiery class B common——•
Duro Test Corp common
1
Duval Taxes Sulphur
*
6%
2%
10%
i.'.i--:'-'
78
Jan
1%
300
2%
10%
2%
1.
21% Mar
9% Mar
400
9%
Jan
14%
20% Mar
*
Jan
3% Mar
Jan
7%
Mar
Feb
2% Mar
"
Feb
10
50
4%
4%
300
10%
900
10% Mar
3%
>"1,400
Jait:
v;5% Jan^
4% Mar
10%
10%
11%
,' 3% Feb
12%
Jan i
Mar
Feb
7% Mar
% Mar
2%
Jan
East Gas
V3%
ft Fuel Asan common.
4%W prior preferred
9% preferred-
72
74
8%
8%
200
8%
Feb
10%
Jan
8%
200
8%
Feb
9%
Jan
1%
'
4,600
1%
Feb
1%
Jan
1
5
1
•
*
—1
1%
1%
18%
—
18%
300
8%
18%
8%
100
3%
100
3%
—
111
3%
£1
111
3%
3%
—
*
1
--
„
4
30%
4
4
—
—
3%
45
>
Jan
Mar
Mar
111% Mar
Feb
4% Mar
Feb
13% Mar
—
200
30%
100
4%
1,300
2
Mar
2
Mar
x4% Mar
5
Feb
4%
Jan
3%
Feb
30% Mar
4
Feb
36
4%
2%
—
76%
Jan
~2%
57%
57%-
58
50%
preferred series A_
$6 preferred series B_
Eastern Sugar Associates—
50%
50%
Jan
77"'
Feb
Feb
74
Jan
37% Mar!
-2%
2
*1.700
.
2%
17 Feb
50
*
57% Apr *
50
-
48% Mar
63
Jan
Jan
54%-Jan
~43%
11'A
1
Easy .Washing Machine class B
__$
63%
-
_•
Electric Bond ft Share common
;
11%
100
11% Mar
62%
63%
525
60-
Mar
64%
Jan
7%
shares, of beneficial
$5 pfd shares of beneficial lnt
Electrlo Power ft Light
7%
600
7
Mar
10
Jan
14 %
Apr;
Empire District Electric 9% pfd
Empire Mlllwork Corp
Em sco Derrick
Equipment
ft
Jan
Equity Corp common
$8 convertible preferred
Jan
Esquire Inc
79% Mar
Corp
Ltd
*Mr>» T.In»
14%
54,600
7%
•7%
1,700
12%-
12":
12%
700
99%
99%
99% -
*-14%'-
13
•
"»>TTlTOOD.
1
100
1
8
10c
-
10%
Feb
140
$7 2d pfd A.."
Option warrants
Electrographlc Corp common
Eureka
100
72
69
Jan
Jan
2
—
4
Jan-'
8'A
109
——
—
Feb
Jan
'21
J."
25
•
10
3
12%
—
1
Feh
2,500
__
2s Od
-
7% Mar
40%
—
Ill
18
•;
37%-Mar
$7
Com
100
4% Jan.
150
-96
.100
Eastern States Corp.
8%
74
475
73!
73
.10%
Eastern Malleable iron.
Ltd—
5,100
*
2.50
Light $5 pfd..
page 33.
Mar
—J•
Carnation Co common—
see
Jan
<
Carman ft Co
For footnotes
4%
*
Canadian MarcotilCapital City products common..:
Carey Baxter ft Kennedy Inc
2.80* preferred
Feb
~V/b"
——•
(AM) ft Co.
Catehn Corp of America
Central Maine Power Co—
j
Jan
12
26%
13%
1
Feb
Jan
23%
Apr
20
22%
-
9'A
10
—£1
dep rets ord reg
12%
20
Canadian Industries Ltd—
7% preferred..
Castle
Mar,
Distillers Go Ltd—
Dobeckmun Co common
Jan
7% Feb
*—•
ord
'
•
Canada Cement Co Ltd common.
dep rets A
3%
1
I
6Vfc4> preference
Canadian Gatmers Ltd common
Convertible preferred.—
Amer dep rets B ord
Carter (J W) Co common
Oaseo Products common
300
6
SCamte Tungsten Corp.
Amer
4%
I
Camden Fire Insurance.—
Canada Bread Co Ltd
Jan
14%
10
Detroit Steel Products
Feb
%
2'A
33A
•
Jan
10%
8
22 Vb
£1
Calif Cotton Mills Co
California Electric Power...
Garreraa
Feb;
1
8
11%
900
.100
—
common
Jan
Jan
x28 %
,7%
7%
Duke Power Co
Cable Electrlo Products common
Cables ft Wireless—
American dep rets 5*
Jan
Mar
"■
Oarr-Consolidated Biscuit Co.
Jan
6
Feb
Mar
x5%
common
Jan
6,700
2'A
4
2'A
11% Mar
Feb
11%
—
Jan
Jan
9%
12%o
Jan
Feb
104
5% Mar
5%
2.50
6
Apr
17%
Mar
102
Apr
45
Jan
30
430
:
10c
85
Draper
Power ft
Jan
2%
1%
"
3.50
Mills
Inc
Driver Harris Co
Carolina
Feb
5%
12
300
12%
3%
Jan
1
5% Mar
500
2,700
2%
Vw'"
25c
•
10
i
\
41%
6% Mar
1,300
'V
Feb;
'
•
32
Jan
2.50
B
Jan
2
Feb
8%
I
Bunker Hill ft Sullivan
Burd Piston
Ring Co..
Burma Corp Amer
dep rets
Burry Biscuit Corp
Butler (PH) common
1%
5
1
lQ
Buckeye Pipe Line
Class A voting—«
Class B non-voting
Jan
3%
Feb
3,100
Apn
42
D
8%
10s
Power class A
Canadian Industrial Alcohol—
Jani
8%
4%
200
16
40
Jan
A
i
r.
£1
Amer dep rets ord
reg
British Columbia
■'
Mar
14
28%
Jan
1
Davenport Hosiery
Davidson-Brothers
Day Mines
*
British American
Tobacco—
Amer dep rets ord
bearer
Amer dep rets ord
reg
common
Curtis Lighting Inc common
Curtis
Feb
Mar
-•
preferred
Tobacco
Jan
3%
Feb
13%
•
,
5%
1%
Apr
Feb
13%
13%
13%
partic
Jan
Jan
Jan
6
22
13%
Internat'l "A"
3%
7% Mar
3,500
5%
1
Crystal Oil Refining common
$6 preferred
Cuban Atlantic Sugar common
Cuban
5%
39%
1
•
Crown Drug Co common
Jan
7
Apr
600
v
•
Feb
200
6
Crown Cork
Jan
7%
Jan
Jan
%
900
15%
~6
5
Brewing Co
103%
3
12
dep receipts (ord reg)_£i
Crosley Motors Inc
Crowley Milner ft Co
Crown Cent Petrol (Md)
Apr
2%
100
•
Class A
41
Feb
9
Croft
Apr
8%
5%
5 %
50
Creole Petroleum
Jan
9
37%
Jan
6%
4,100
'
28
•
37%
Jan
62
7%
--
3
*
Co
Apr
Mar
13% Mar
475
2
24
2%
3
1
•
10
9%
10
Feb
8
100
—•
Jan
Jan
2,200
>«
iff
8 %
1
American
Jan
10
Jan
26%
com.*
5%
Mar
16
-*
Convertible preferred
Courtaulds Ltd—
Mar
14
$1
5%
17%
2%
1
Cosden Petroleum common
16% Jan
Feb
—
-
Reynolds common
preferred class A
Jan
Jan
27
600
13%
12%
13%
1
•
*
Inc
Feb
12% Mar
83% Mar
2,300
1
1
6c
Cornucopia Gold Mines
Jan
6
4% Mar
4,700
13%
Brazilian Traction
Light ft Power—
Breeze Corp common
———1
Bridgeport Gas Light Co
•
Class B
Brown Porman
Continental Fdy ft Machine Co
Cook Paint ft Varnish Co
Jan;
Corroon ft
1
Blumenthal (S) ft Co common
Bohack (HO) Co common
British-American
55% Mar
36 %
Feb
7
400
8%
8%
13%
1
Blue Ridge
Corp common
cum
8%
Feb
1
common
Convertible preferred
Blckford's Inc common
Blrdsboro Steel Fdry ft Mach Co
Blauner's common—
Borne, Scrymser
Bourjols Inc
35^
32% Mar
1
Bellanca Aircraft common
Bell Tel of Canada
common
Benrus Watch Co Inc
Benson ft Hedges common
1
47%
1,050
■
Shoe Corp
5%* prior
2,200
35
—•
ft Co common
Beau-Brummel Ties
Beck (A 8)
53%
33%
Coro
Barlow ft Seellg Mfg—
$1.20 convertible A common
Basic Refractories Inc
(L)
52%
1
American shares
Barium Steel Corp
Baumann
53
—
M
preferred
Corp
Apr
Jan
9%
3,700
12%
B
Continental Car-Na-Var
67
Jan
17
10
OB
58%
1%
12
-1
Consolidated
Consolidated Royalty
;
•
100
100
Consol G E L P Bait common
7 %'
7%
7
12
12
1%
30
600
100
Feb
6
Jan
9%
Jan
7%
13
"Feh
97 *
5%
11
160
?
1%
Feb
1%
1%
33%
33%
75
32
Jan
4%
4%
500
4
Mar
i'ff
-4,000
15%
425
If
%
15
3,700
%
Apr
Jan
1% Mar
'
'1
Feb
7%
12%
Feb",
1
1
Apr
100%
-
Feb
1
Apr
Mar
35%
;
Feb
4% Mar
Jan
Jan
'
14
Feb
'.18
Feb
t
Number 4793
169
Volume
_
COMMERCIALS
THE
FINANCIAL
CHRONICLE
(1587)
31
L
FOR
RANGE
Friday
STOCKS—
Last;--:
'■
'
Week's
Par
F&lrchlld Oamera M Initrument-
.1
•
.1
,
Fire
hirst
(S dlv
to
ac
5%
-
63
2%
~ Week's
,
Last
Sales
Range
Sale Price
for Week
of Prices
Low
Par
<':28
Shares.
Range Since January 1
High
Jiith
Low
jeannctte Glass Oo oommon.—
•
Apr
59Va
Jan-
65%
Jan
2%
Jam
2%
Mar
28
.
1
—
1
4%
•
>
3%J&n
4% Mar
Preference
Jan
50
1
Jefferson Lake Sulphur Co
jim Brown Stores' common
>
5%-Mar'
13
2,700
2'/a
29
'
28
16% Jan
Feb*
8% 'Feb
10
63
2%
3%
8,800
Julian A
—
—
Kokengs
3*4
3%
-
5%
5%'
.
3%
700
.
5%
".
-
.
1,200
,
19
—•
Co
2% Mar
6%'Jan
4*4"Feb
5%
Jan.
4%
Jan
Jan
20%, Jan
Feb
Jan
33
)
dtores.
»l
..
*
New York Curb Exchange
High
12 *4* Feb*
300
20,600
11'/a -13
__
—1
Low
16 %
5
'
..
t
(MH>
Range Since January 1
High
16
'5
-10o
preferred
Oo—
cum
Flsuman
_io
Friday
t
STOCKS—
Shares
j
16
13
Engme dr Airpiane
F&mteei
Metallurgical..
AMoelation (PhUa).
York Corp common
APRIL 8
F
-i
Fslrchild
EXCHANGE
ENDED
for Week
of Prices
Low
WEEK
Sales
-
Range i
Sale Price',
New York Curb Exchange
CURB
YORK
NEW
14%
15% Mar
Feb
Ford Motor Oo Ltd—
Amu
dap rets ord rog.
of Canada—
4%
"5%-Feb
-
-4*4
1,400
4%
Jan
-
19'A
300
17%
Feb
21
»>Jan
Mar
23
Feb
•
•! ,-
Kalser-Praser Corp—
Kansas Gas A Electric 7 ft
Ford Motor
Uiaea a
non-voUng
18%
Class B voting..
Ford Motor
Amer
Fort
of
bearer-
4%*
preferred
Oo
conv
(Geo A)
*
~8%'
-
•
8%
9
500
1,200
8
-
10
Jan
Apr •'
7%
25%
12 %
11%;
4*4%
Gatineau Power Co common—
6%
S.
100
_
1
General
Alloys
General
7
Builders Supply Corp com—1
5%
Co
4%
cumulative preferred
King Seeley Corp
Kingston Products.
Kir by Petroleum.,
Jan
4%
:60'
1
—
4%
29 +
16
11%
2%
11%
i
£1
1%
•"-6
•
Jan
,
Knott Corp common
Kobacker Stores
Feb
Mar
8
fl%
Feb
1,200
5%
7%
50
7%
300
Krueger
Jan
1
1Q2
?•
General Plywood Corp common—_.50oGeneral Public Service $6 preferred..*
Georgia Power $6 preferred
$6 preferred
.
S 30
101% 102
.3%'
3%
*
3%
2%
3%
1,200
•
'<
*
1
-
114::
Gilchrist
1
•
Co
•
vr ■
__
Gladding McBean A CoGlen
Alden
Coal
25
»
■■■■
102 %• Feb
Jan
Feb
5%
Jan
4
99
Gienmore Distilleries class B
Globe-Union Inc
__1
•
1,800
10%
2,200
14
l
$4.60 prior preferred
Gold field Consolidated Mines
Goodman Mfg Co
14
is *4
9*8
10
-
5
Gobel (Adolf) Inc common
Godchaux Sugars class A
Class B—
18*4
Jan
116
106%
Mar
Gorham
Mfg
12*4- Jan
500
12% Mar
18%
Jan
10
Jan
Jan
9*4
Apr
11%
13%
Jan
2
1*4
Jan
2*4
5%
Jan
12%
Apr
8%
2,400
7*4
Jan
8%
Jan
6%
700
5%
Jan
Tourneau
38% Mar
•
"
—X
—
'
21
__
'v ' '"
I
.
-'-'0
l
%
Jan
11,800
u
52%
—-
——
—
10
Groceterias
%
•'
_
—
150
56
54%
pfd—25
conv
Grand Rapids Varnish
Gray Mfg Co
Great Atlantic
Non-voting
1%
1st
A
'
;
1,200
9 *4 Mar
13
Jan
400
20% Mar
22%
Jan
11*4
11*4
11%
900
10%
Feb
12*4
Jan
26
26
26
100
25%
Jan
I
II
A__——
23%
II
Common
Jan
7%
6%
preferred B ctfs of dep
53*4
Jan
Louisiana Land A Exploration
Louisiana Power A Light $6 pfd
5%
Jan
22%
23%
Lynch Corp
24%
7,200
8%
800
%
stock
common
•
preferred
-
v
Jan
'62*4
109
100
pfd
35%
'
Gypsum Lime A Alabastine
Jan
7
Feb
11%
20
xl36%
Feb
142
1,900
7% Mar
140
102
8%
Feb
13 %
*
Feb
38% Mar
35 % Mar
400
—8
Hammermill
•
Feb
Marconi
106% Mar
..25
Hartford
Rayon
47%
common
1
Harvard Brewing Oo
Hathaway Bakeries Ino
Feb
13%
Feb
International
Marlon
Hearn
Dept Stores
Hecla Mining Oo
<*.
-
Power
__
common
1,200
17% Mar
x50%
16*4
; 30
111%
Feb
1,300
11%
Apr
X112%X112%
13
1% Mar
2%
1%
Feb
2
Mead
Jan
9
Mar'
8
3,000
10%
10%
"*
•
10%
1,500
Jan
6*4
10
'
400
10%
95
15%
Jan
(A G)
95
.100
9%
—*
93
Jan
Mar
A)
5%
Feb
125
43%
Jan
48%
11
Feb
11
Apr
4,400
9
8% Mar
3
*•
'
V
27%
Jan
3%
Feb
15 % Mar
17%
15
com.
41*4
Baking Co
■
41 %
25
40%
42
■
138
-
Vj.«.
Feb
32
.100
*
138
Inc common
5
*
Refining
10
32
175
30%
Feb
32
107%
Jan
109
Mar
19 %
Feb
21
Jan
Feb
79%
Jan
Jan
3%
Feb
Jan
47%
Feb
136
Mar-
144
.
v
—1
1st conv preferred.
—1
.
72%
20
20
72%
100
73%
2,100
•
3%
200
43%
43%
25
3
:
68%
2%
43
4
i.-
15%
4*4
100
4
Apr
2%
.
...
Jan
2%
400
2%
Feb
15%
Hygrade Food Products
16%
425
2 *8
Hydro-Electric Securities
2%
300
—
.
15%
Apr
Feb
2
15% Mar*
1
6
3%
1%
8%
Feb
38
7%
Apr
Jah
-1%
Feb
Feb
Jah
19*4 Jan
3
6*4
Feb
Jan
Jan
1,600
29
Feb
2
Mar
5,200
15 %
35%
(8
13%
Feb
; 17%
Jan
35
Feb
50
37
Feb
250
27*4 Mar
32%
Jan
200
7*4 Mar
9%
Jan
Feb
15%
Jan
1% Mar
2*4
Apr
8%
13%
14%
2,600
1%
;
8%
Feb
Feb
7%
14
2%
Feb
15%
6
28%
B
Co
A
-
12% Mat
600
"l%
14
2*4
4,800
,13%
109% 109%
~4%
Co__.
c
Feb
6
Jan
Feb
109%
Jan
3% Mar
4%
Jan
5.
...
preferred.
Iron
4%
50
4%
108%
2,500
3%
45
—1
2.50
•
II
1
1-31
Feb
7%
100
7 *4 Mar!
9%
Jan
1%
3,000
Jan
1%
Jan
5*4 Mar
6%
Jan
Jan
8%
Feb
Feb
7%
Jan
1
5
t
2
•3I.-1
1
4,800
2%
1
~6*4
OS"
Mar
5%
•
1
Mar
48
Jan
r
1
6
Jan
5*4
5%
7%
~i
Jan
100
5%
1
—
—
IB non-cum dividend shares
Mid-West
2,200
7
~6*4
Midwest
Oil
25
•
3%
Midwest Piping A Supply common
•
Refineries
——1
Miller
Jan
Wohl
Co
common
50c
4*4% convertible preferred
50
Mining Corp of Canada
*
Minnesota Power A Light 5% pfd—100
2% Mar
Jan
50
13*4
3%
3%
18%
18%
18%
21
20%
23
Mar
25
Apr
12
Feb
16%
Jan
4%
Jan
18 *4 Mar
191/2
Jan
Mar
21%
Jan
3%
300
500
21
200
2%
—
3
2,600
7%
1,100
20
..
2%
"9%
10%
27
27
3
Feb
Feb
Apr
7%
Feb
Jan
32%
6% Mar
29*4
Jan
10%
93%
—
;
i
7%
7%
}
.2%
2%
1
Molybdenum Corp
1
Monogram Pictures common—
Monongahela Power Co—
4.40% cum pfd
IN
4.80% cum pfd series B
100
Monroe Loan Society com class A
1
Montgomery Ward A Co class A——•
Moody Investors partlc pfd
•
Morris Plan Corp of America—
10c
»
Mountain Producers
10
f Mountain States Power common
•
Mountain States Tel A Tel
100
i
7
2%
Missouri Public Service common—•
Jan
Jan
10*4
425
25
13
13%
———10
Co
2%
Mar
1*4
—
50e
Abrasive.—
Feb
9
2
•
Mid-West
Jan
18
1
i
14%
200
8
17%
35%
Midvale Co common,
Jan
22*4
V
::
}.
14%
A Ce class
Ex-distribution
Mar
20
108 "2 108 5 4
20
Hurd Lock A Mfg Co__
..Ills
*;
Hussman Refrigerator $2.25 pfd_
Oommon stock warrants
Huyier's common
31%
108%
17%
"l%
common
Midland Oil Corp $1 conv pfd
Midland Steel Products-
Mar
J
common
-
Middle West Corp—
Jan
;
Feb
Jari
Jan
2%
17%
Dredging
Class Bvt
Jan
25
!
"7%
•_
Middle States Petroleum class A Vti
Jan
31
15%
2%
common
Mlcromatic Hone
■
■
38
Michigan Sugar Co common
6% preferred
Corp.
Jan
10
B
—1
new
preferred
(Harvey)
200
15%
A Oo
Horn A Hardart
8*4
Jari
Jan
13
__
Michigan Bumper Corp
Michigan Steel Tube.
Mar
45%
3.
100
Participating preferred.,
Jan
72
44%
8*4
45
14%
Feb
,10 *4
400;
14%
Metal Textile Corp common—
Apr
96
.
A
Mesabl
Jan
10%
113
—
Mfg Co
8*4%
10% Mar
Jan
7% Mar12%
14%
Chapman A Scott Corp—
Warrants
Feb
10
-
Jan
20*4
Feb
Merritt
Feb
12%
Mar
68
10
.
..10
Jan
■
12%
common
Johnson
Menasco
Jan
8
Jan
10% Mar
—■■
—.
10%
.
Horh A Hardart
1,700
13*8
7:
11
,
12
11%
—
Shovel
Mfg Co
McWllUams
Jan
8*4 Mar
8%
--l
—
-
Inc
A
1%
800
.100
w
Holly Stores Ine
Holophane Co common
Oil
Feb
1,000
'
Mar
6,800
'18 Vs
19%
12
convertible preferred
McKee
■
w
A Oo class A
Hollinger Consolidated O M
Humble
47
1%
10%
::i2
common.
Henry Holt A Oo
Hubbell
210
1%
——
(Geo
47%
•
Hoe (R)
8%
.25c
oommon
8*4% preferred W' w_
Hormel
Feb*
8%
0
4% preferred
Border's
15%
1%
3
A—
Heller Co
400
8%
lis
common
Rubinstein
Class
Jan
47;
13
Mar
73
19%
1
•
1
Corp common
12.50 preferred
Jan
7%
17*4
1*4
_•
...
83
Feb
72%
Marine
—
Haseltlne Corp
Helena
6%
7*4 Mar
8%
,
Feb
66%
82
71%
McCord
5% Mar
17%
1%
1
1
100
5%
■
,
77%
925
81%
71%
Communication Co Ltd
5%
5%
17*4
1,500
81%
Co
Service
McClanahan Oil Co
;■
1—5
Paper common
Hartford Electric Light...
ft
100
Mangel Stores common
Manlschewltz (The B) Co.
Mapes Consolidated Mfg Co
H
Lamp Co..
Bridge Oo Ltd
9*4
Feb
,.100
Co.
Maine Public
111% i Apr
•
Hamilton
Apr
%
M
Macklntosh-Hemphlll
I
McAleer
Hall
Jan
Jan
%
8
A
Jan
8
Massey Harris
*
Apr
•
10%-'Apr
Feb
105% 106%
■
Jan
24%
Jan
103%
8%
36
8
i
Jan
9,800
8
Jan
300
111%
35%
8
:
100
5"%
3,300
138% 138%
25
Feb
i
109%;
common__25c
Utilities 84.40
10%
8
200*
6%
8%
10%;
•
Jan
24%
21%
100
24%
•
dep
Jan
Jan
21*4 Mar
50
1
preferred A ctfs of dep—
Feb
24%
21%
6
Longlnes-Wlttnauer Watch Co
Long Island Lighting Co-
7%
26%
23*4
•
Lone Star Gas Co. (Texas)
Mar
26
6% Mar
25*4 Feb
.*
class
Jan
-
Jan.
4% Feb49% Mar
800
9»4
6 %
8
Grocery Stores Products
States
8%
__i
Pacific Tea—
Great Northern Paper...
Gulf
8%
Feb
3,600
10*4
21%
yy x
Graham-Paige Motors 5%
%
1/2
9%
Chain
of
Jan
Jan
Jan
21%
24%
ctfs
6*4
10*4
A
'
50
•
%
Jan
Feb
9 *4 Mar
100
_1
Class B.
Jan
9%
Jah
6% Mar
22
20% Mar
6%
.11
Ine
—
Locke Steel
•
100
22
•
»
(R Q)
80
Jan
22
91/4
24%
Mar
74%
6%
22
4
—I
University..
43
' iV-
6%
.1
.1
8
8
.1
Realty oommon
OP Development
*
'
Jan
Apr
Lit Brothers common
X4%" Jan
1,200
2*4
13%
-
8%
Corp common—
Llpton (Thos J) Ino 6% preferred
Jan
100
13
100
Lionel
Jan
14
7% Jap
12%'Mar
9,600
Le
Apr
21%
•
common
5%
Mar
'
Gorbam Inc class A
100
200
4%
Leonard:
Feb
Jan
18
Jan
7%
12'A
12%
Loblaw
18%
20
Feb
18%
121/4
4%
Lefoourt
v
•
—
Feb
18%
7*4
18%
12%
La Salle Extension
Mar
;
Feb
9%
r—
Mar
6%
300
Jah
12
11%
Lakey Foundry A Machine
Lamson Corp of Delaware
Lanston Monotype Machine.
Jan
4
8,300
Jan
10
18%
100
Feb
10% Mar
10
12%
Jan
14% Mar
5%
5%
Apt
1%
9*4
Jan
12%
u
Line Material Co—
Giant Yellowknife Gold Mines
Gilbert (AC) common
Jan
Feb
1
5,200'
Feb
Mar
12%
35%
-
113%
25
3
1
Lake Bhore Mines Ltd
106
114
17
Apt
29%
Feb
1
.
Feb
2*A Mar
95
■
400;
We
Jan
9%
1,000
11%
4%
Feb
•15'
300
2%
Mat
105
Jan
2%
26%
550
161/a
10
Co
8%
100% Mar
900
2%
.
12%'Mar
Laelede-Ohrlsty
Company.
L'Aiglon Apparel Inc——
-6% Mar
•-
•
100
Corp
Brewing
3%
ii
Feb
8%
A
Mar
311
9% Mar
Feb
Apr
23%
Apr
32%' 32%
Jan
13
»«!,'!-3% Jan
Jam-
-
7%
32%
»
Apr
-6%.
6
-
7%',
.
Jan
3 %
8%
10
General Fireproofing common
General Outdoor Adv 6% pfd.-.
Phoenix
1,000
•
l
preferred series A
General
1,500
"3%
Apr
92*4
'''
FCb
Mar
103
7,600
29i/4
•
1
.1
20
4%
29
16
1
i
•.';:
ord reg
General Finance Corp common—
5%
1%
3'A
..1%
3 %*'
15%
'>*
Jan
5% Mar
25
General Electric Co Ltd—
Amer dep rets
1,700
1%
'
9%
600
Jan
13%'Mar
<
Mar
x7
200
8%
12
103*4 103%
103%
•
(D Emil) Co common..
Kleinert (IB) Rubber Ck>_
Jan
13
14'A Mar
88%
~7 %
'
Feb
22'A
• >
preferred
conv
200
-
v
~7
10
1,300
15*4
15%
-
preferred
Gellman Mfg Co Oommon
12%
12%
12%
11%
50
Jan
126
Feb
I'
—100
preferred
County Lighting common
KleUk
.2
12%
8
-
Corp common.
9*4
Apr
123*4 Mar
(Walter) A Oo.
Klrkland Lake G It 00 Ltd.
Garrett
5%
31,500
Kltfberly-Clark Corp—
"
Jan
9
6%
•
12%
Kings
Feb
5%
100
KlddC
Jan
'
5%
1
pfd
Co
Kennedy's Inc.
Key Co common
Jan
23% Mar-
800
8%
Feb
8
250
24
7%
%
Apr
Mar
7-
200
-8
•
23%
.50
1-.
—
9'A
8%- '-8%
"*9
1
Oo
Brewing
(Peter; Brewing.
.1.28
Franklin Simon Bf Co Ino common
1
1J
2,100
%
U
rui
Fuller
KaWneer
France—
oep rets
Pitt
20
3,700
150
1,000
500
Jan
97
Jan
Feb
24
Feb
25
Jan
8% Mar
6*4
Jan
».
8% Mar
3*4 Mar
2%
Jan
89%
Jan
95
Mar
99
Jan
101%
Apr
Apr
2%
>
Illinois
Zinc
Co
•
common
8%
.350
7% Mar
10%
Jan
Imperial Chemical Industries—
Amer
dep rets registered
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
£1
4% Mar
4%
Feb
•
16%
y 16%
16%
11,900
13%
Feb
.16%
Apr
•
—
16%
16%
16%
1,000
14%
Feb
16%
Apr
5
12%
100
12%
'10%
Jan
12%
Apr
Imperial Tobacco of Great Britain
A Ireland
,
__£i
—
Indianapolis Pwr A Light 4%
International
10%
pfd__100
95%
__lo
108%
Insurance Co of North America
.-International
Cigar Machinery
Hydro-Electric—
95%
40
95%,;
Petroleum
Feb
95%
Feb
"
Mt
800
104%
Jan
110%
Feb
11%
200
10%
Jan
12
Mar
i.
51%
53%
400
108% 110 %
53%
shs
shares.,
•
1%
•
10
International
Safety Razor B
•
International
Utilities
8
common
8%
8
10
9%
rl
13%
12%
8%
2,400
8%
47
Jan
53%
20%
International Products
Feb
22
Apr
Feb
7%
Feb
11
Iron
1
___1
SunerDOwer Corp com
For footnotes see page
1 %.
•
c
Irving Air Chute
Tfnii»n
33.
700
170% 172%
190
2%
rl
7% Mar
11*4
8% Mar
10%
100
13%
4,100
cl A
*
1%.
16%
6
6
'1%
16%
6%
7,400
•
170%
34
34
Murray Ohio Mfg Co
Muskegon Piston Ring common
Muskogee Co common—
1
*
25
33%
Feb
3%
176
37%
Jan
Jan
Jan
3%
3*4
Jan
4%
12"%
12%
13 *4,
1,400
12% Mar
14*4
Jan
31%
31%
31%
1,000
31%
Jan
33%
30
97%
Feb
103%
Feb
Jan
3%
99% 100
21%
21 %
27
27
28
100
Feb
50
17
Mar
22%
Jan
300
25
Jan
28
Apr
Feb
10*4
Jan
8%
9%
200
11
Feb
13*4
Jan
"9%
600
9
Feb
12*4
Jan
12%
~9%
9%
9%
2.50
50e
34
167% Mar
12%
100
12
Mar
13
Jan
100
3
Jan
200
1,000
10-
Vernon-Woodborry Mills
%
12%
Feb
Feb
1
14
Muter
Company
1%
Feb
100
15% Mar
2,700
3% Mar
%
Jan
1%
17
N
Jan
Jan
Jan
Jan
6% Mar
1*4
common
Jan
Jan
Nachman
Namm's
National
Investors
Royalty.—.
Fireman Mfg v t
25
2%
2%
1
i
_80
coupon
11%
Jan
11%
—•
Preferred $3.60 series
Registered
Jan
88%
i
International Metal Industries A
International
101% 101%
,,
Jan
—10
Corp
Inc
common
Bellas
Hess
common—
1
7%
preferred
Fuel
4
2%
3
33%
33%
Mar
5%
3,200
2% Mar
3*4
Jan
570
29*4 Mar
33%
Apr
34
-25
"9
Gas
N&tional Mallinson Fabrics
3
33%
National Breweries common
National
4
.1
1
8%
8*4
8
Jan
34
Jan
Jan
"9V4
5.500
8%
Jan
9%
Feb
9%
5,500
8
Apr
11%
Jan
32
COMMERCIAL
THE
(1588)
'>
I.
NEW
'
YORK
for
range
National Mfg
Low
common
Cooker common
Steel Car Ltd
National
National
Transit common
National
Onion Radio
Corp
(Herman;
Nelson
_
Neptune Meter common
Nest' 1 Le Mur Co class A
f
New
Park
New
Process
N
Y
Auction
N
Y
common
Y
N
Rosario
Merchandise
Y
N
Shipbuilding
B
15%
15%
80
80
"5%
Niles-Bement-Pond
—
Nineteen Hundred Corp common
Central
North
North
Securities
Utility
100
18%
Co
Northrop Aircraft Inc
Novadel-Agene Corp
Aeronautical
Consolidated
8%
Apr
13 %
Ohio
Ohio
4%7#
Power
Poindexter
Oliver
United
Omar
B
•
common
16%
Jan
20
Apr
7%
Jan
10%
Apr
94% Mar
99
Mar
450
92%
96
Apr
-
Jan
%
9%
100
9%
Jan
8%
9%
1,300
Jan
8%
9%
300
7%
8%
Va
Feb
9%
400
^
,
700
400
28%
28%
300
28
1
10
Jan
Apr
9 Va Mar
Jan
11
Apr
lii
28%
Jan
Feb
II
Lawrence
1st
Samson
United
Bchulte
1%
Feb
1 Va
Mar
11%
Feb
15 Va
Jan
3%
4,600
2%
Jan
3 Va
Apr
Feb
101%
Jan
7JA
Feb
11%
Jan
14'/8 Mar
15 Va
150
7%
8%
? 22,400
14%
14%
900
Scullin
Filters
Overseas
Inc
Co
Gas
&
1st
102%
2%
60
Jan
35%
106%
Lighting
Pacific
Power
Selected
(R
1st
Jan
40% Mar
Page-Hersey
Corp
Leather
Tubes
Paramount
Parker
Motors
Pen
14
Jan
Shoe
Apr
22%
Jan
Sick's
Jan
VIA
Jan
Silex Co
7%
600
7
Mar
14
Feb
32%
100%
250
cum
Penuroad
Jan
Mar
23%
2%
7 Va
14,900
Penn Gas &
Power 3c
Traffic
:1Va
class A
pfd
•
~_1
120
(Mass)
Tire
3c
Rubber
Pierce
Governor
Pinchin
Ltd
8,700
7
Jan
8% Mar
1,260
1
Feb
3
L*.
03%
'
—
4%
33 Va
33%
56
56
7%
7%
22
—
Lambert
Prentice-Hall
Pressed
Metals
common.
Service
Jan
24 Va
Jan
,'if
2%
2,700
2%
Jan
3%
Jan
1,000
1%
Feb
2%
Jan
Jan
12%
Feb
~5%
1,500
4% Mar
5%
Jan
7%
1,900
7%
Apr
8%
Jan
—
Smltn
100
8%
1%
10
SSolar
Boss
•
.
Jan
2
Apr
17%
Jan
Mar
1%
Jan
15% Mar
Feb
Feb
16%
3%
16
Feb
19%
Jan
73 Va
Jan
78 Va
Feb
Feb
78%
Feb
Apr
1
,18
18%
76'/a
250
3%
13
.
57
Pa
Southern
5%
Line
California
4.56%
conv
preference
4.48%
200
preferred
cum
Southern Pipe Line
Southland Royalty Co—
Spencer
1—-r
7Va
Convertible
preferred—.—
Standard Dre'dging Corp common
$1.60 convertible preferred
10
100
9%
Jan
10 Va
Jan
200
95%
Jan
100%
Apr
37/a
1,100
"3%
Feb
4%
Jan
7Ve
1,400
Feb
7%
Jan
Mar
236%
6%
120
223
2% Mar
Jan
■
3%
:•
'
Feb
$7
preferred
(The)
(A)
IVa
Jan
Feb
8
Jan
28%
28'A
29Va
2,000
28'A
36 Va
Jan
14%
14%
14%
30
14'A Mar
18
Jan
39'A
27'A
28 Va
50
37
Jan
41%
Feb
Apr
29%
Feb
2,300
28
Mar
29%
Jan
27
24 %
39 Va
27%
29
27%
25%
1,100
26% Mar
29'A
300
24 %
Apr
26Va Mar
5%
5%
100
5%
Apr
32
2%
32
2%
100
31 %
Feb
200
Stroock
(S)
Corp
—
27 %
29
27%
24 Va
——
Apr
3%
Jan
800
27%
,
*
Jan
39
2%
Jan
3%
Feb
4 Va
Jan
Jan
—
6%
#
Jan
Jan
2% Mar
—r
6%
%
—
1 300
—
4%
17%
—
4'A
18
■
8%
21%
2 Vs
300
500
9
29%
2
2
137
136
30
2%
2
Jan
16% Mar
Jan
Feb
4% Mar
Mar
18
Mar
10%
Jan
2,200
28%
Feb
30 Va
Jan
21,100
IVa
Feb
2%
Apr
—
29%
Va Mar
6% Mar
18 % Mar
6%
6%
--
4'A
18
2
400
1%
Feb
2
Apr
137%
210
112%
Jan
137%
Apr
7'A
400
7
Jan
7%
Jan
3'A
3%
300
2%
Jan
3%
Feb
2%
2%
600
2
Jan
2% Mar
3
3'A
2,400
2%
Jan
3%
7Va
__
1
Corp
—
A
3Vs
.
Jan
73
74
67%
Jan
74
Apr
20
22%
250
20
Apr
24%
Jan
11%
20
15
Jan
30
12 %
300
11%
Apr
6%
6%
200
5%
Jan
6%
Jan
1
%
%
1;|
800
% Mar
1 Va
Jan
1
3%
3%
Apr
4%
Jan
Feb
12 Va
Jan
12'A
com—1
1
Co common...
&
3
2% Mar
2
•
3
1
(Hugo) Corp.
Stop & Shop Inc
Sun Ray
%
700
Apr
3%
1
Sterling Aluminum Products
Sterling Brewers Inc
SSterling Engine Co
Sterling Inc
Sunbeam
12%
Feb
•
& Co common
(J B)
Jan
26% Mar
Jan
Jan
1
Co—
Standard-Thomson
93"
Jan
8%
Jan
10
—
Products
Mar
89
•>
1
Forgings Corp
(Ky)
Oil
Standard
10
7%
20
Stlnnes
99%
13Va
7
—
1
Standard Power & Light com
Common class B
Stetson
Jan
Jan
Jan
400
—2.78
1
10
Brewing Co———
Standard Cap & Seal common
Jan
8%
20
11 %
25%
,
•
Standard
Jan
Feb
Mar
500
3%
—
1
5
*
Shoe Corp
Stahl-Meyer Inc—
Apr
7%
Mar
13'A
__
13 Va
-25
.25
25
25
prelerence
conv
4.32%
38
Jan
Jan
60
13 Vs
_.
25
preferred
preferred
95 Va
Jan
14 Va
107Va Mar
Edison—
cum
original
14%
IVa
Apr
22Va. Apr
Jan
18
Feb
3%
12% Mar
53
1
common
Pipe
4.88%
11% Mar
11%
700
Jan
11%
10
Oil
34
Feb
100
60
105% Mar
•
Jan
13
57
—
•
Feb
Jan
.13%
1,700
Steel Co of Canada
1%
19%
..
9% Mar
IVa
3 Va
7Va
Jan
7%
1,800
Jan
Jan
Apr
1
3
7%
4%
10%
22%
5
4%
Jan
•
Jan
3%
7Va
3% Mar
600
2%
21%
217/a
1
4,000
500
5,500
2,700
Jan
1%
*^an
Apr
3%
12'A
25%
10%
Mar
,/«
16%
10%
89
Jan
Jan
Jan
3
v
„
3
11
20
8%
3
200
27/a
__
'
200
300
%
10'A
...
1
Jan
3%
~
83
8tarrett
50
3%
3%
__
__
Jj} »
23A
1,500
76
18
11
Standard Tube class B
Jan
Mar
13,400
89
Feb
.
3
__
11%
100
7%
2%
2%
1
Corp common
Penn
Southwest
,
*
25c
Superior Portland Cement, Inc
Superior Tool & Die Co
4
1,900
11
11
1
12%
—
__
1%
12%
3%
25
10
500
;
% Mar
100
10%
lO'A
Feb
1% Mar
12% Mar
11 Va
•
*
50
300
33 Vs
5%
100
5
14 %
—
37%
5%
„
11 'A
37Va
*
Co common
Corp
Drug common
.14 %
2%
25
xl4%
Feb
300
2%
Feb
3
9%
Feb
11
Jan
Jan.
Mar
13 Va
Jan
Feb
41
5%
Jan
15'A Mar
Jan
,
Finch
1
Oil Corp
2%
2%
—15
16 34
95%
150
94%
16%
17%
1,800
16%
•9%
9%
100
9
~
5%
Jan
—
—
•
Jan
Mar
98% Mar
Apr
21%
Jan
Mar
12%
Jan
Jan
6% Mar
Taggart
Corp
•
88%
Inc
Power
&
common
Light
7%
89%
Shovel
Thor
88%
85%
Jan
92%
Jan
144% 146
GO
144
Mar
Feb
148%
Jan
14 Va Mar
Co
new
Tobacco
&
iso Mar
13,800
U
Jan
10
_•
Raytheon
Manufacturing common
Reading Tube Corp class A
Co
15%
,,
56
3
4%
&
Allied
Construction
Stocks.——
page. 33.
5
24%
50
24
39%
500
33
56
56
Va
17
Jan
Jan
1
Mar
Apr
26
Jan
Jan
Feb
40% Mar
10
52 Va Mar
5% Mar
7%
5%
6%
10.200
4%
4%
400
dep rets ord regis
dep
def
rets
Shipyard Corp
Toledo
regis
common
Royalty Corp—
Edison 4%%
Feb
11 Vs
Jan
Jan
29%
Apr
10%
Jan
12%
Jan
16
17
1.200
10%
11
400
—
—
1
120% Mar
'
17
■'
15
.
128
Feb
Mar
10%
17 Va
Apr
13%
Jan
Jan
10%
10%
900
10 Vs Mar
10%
12%
■
12%
13
400
11%
Feb
13%
52
Jan
60
*
....
—
Jan
Jan
Mar
pfd
>
£1
V—'
5s
„_20
—70c
Trans
1
%
47%
2%
.100
Lux
Corp
Tri-Continentai
Trunz
warrants
%
3%
3%
convertible
preferred
%
-100
50500
175-
45
3%
500
Jan
6%
Feb
IS
Jan
Feb
Mar
Jan
60
1%
Feb
91%
Jan
U
Feb
tt
Jan
3% Mar
4 Va
Jan
1,700
2% Mar
Jan
98
2%
2%
2%
3,700
Jan
24%
Jan
5%
5%
_6Vs
700
5%
Feb
Via
Jan
9'%
9%
10
200
9%
Jan
11%
Jan
a*
Inc
Tung-Sol Lamp Works com
80c
2%
97 34
97
5%
'■
%
47%
——
1
3%
1,000
Feb
56
Apr
I .III
•
2Vs
24
Feb
2% Mar
U
3%
3%
1%
Jan
Ulen
19%
19:%
225
17%
Jan
21%
Jan
Unexcelled
Chemical
22 Va
23%
1,000
2*>1A
Apr
25%
Jan
Union
of
1
11
26
3,300
Jan
5%
U
200
1,100
12%
Jan
4%
11
29%
11%
'
19%
~1
Co.
Reliance Electric 3c Engineering
Rice Stiir Dry Goods
24%
39
6 Va
6.23
i?
'
24%
•
preferred
5
11
28
12%
5
Tonopah Mining of Nevada
....
Rath Packing Co common
Raymond Concrete Pile common
100
__
29
Tobacco Security Trust Co Ltd—
Toklan
%
Iff
pfd
common
_•
1
Rooilng Inc
Realty
Tlshman
Todd
R
Aadlo-Kelth-Orpheum option warrants
Railway & Light Securities—
Voting common
10
Railway 3c Utility Investment A
1
•
"
Corporation common
Tllo
420
1
common
Tampa Electric Co common
Amer
see
Jan
12.50
Coast
South
Amer
For-footnotes
4,700
—
69 Va
13%
*-
1%
—
39
10
common
&
l'/a
1% Mar
16'A
._
229
Feb
•
(Robert)
15
200
228
Feb
95
95%
_S
•Quebec Power Co
Reis
200
900
2
16%
IVa
—
1
1
Corp
South
Swan
"lOO
Shoe
15%
1%
16%
228
Feb
99
.•
com
preferred.
Regal
19%
1%
__
•
Manufacturing Co
Texas
convertible
Apr
15
—
1
Thew
$3
Jan
Mar
62
Q
Oats
Jan
32
100
Manufacturing common
Technicolor
6%
3%
Light—
Manufacturing
Quaker
Jan
tV Mar
36%
100
10%
99.
Jan
l'/a
—
2%
61,500
xlO%
14%
35
7%
3Va
'
—
Jan
2% Mar
1
i'<s
75
8%
"l%
Jan
•
Paper Mills
(Howard;
93 % Mar
•
Feb
1 Va
,V
1,400
11%
3
I. "Hi
1%
200
£1
common
8olar Aiicraft Co
Standard
? 8%
Feb
100
8 Va
?: 1.300
2Va
•
1
*
100
preferred
City Gas & Elec Co—
3.90% preferred
Standard
Jan
3%
13%
2%
2Va
Sioux
7
21%
500
35
,2%
1%
*
dep rets ord regis
Jan
22%
7%
Jan
11%
Publications—
Pattern
Apr
22
7%
Jan
I9*i
*
Ltd class B
Va
3
22'
5
8%
Feb
6% Mar
28 Va
•
Singer Manufacturing Co
8inger Manufacturing Co Ltd—
13%
450
"5%
Feb
16
4,100
Feb
•
Canada
of
common
Feb
1% Mar
11%
3%
6
700
8
100
Corp of America class A
Breweries Ltd
11
63%
~"i>~po
preferred
85
prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene
3
Colorado—
&
Mar
38
«
Power
•
11%
*
_
America
cumulative
Puget Sound
200
Feb
10
63
•
common:,
of
of
200
I_H6o
Providence Gas
4 % %
.
10
Producers Corp of Nevada
Prosperity Co class B
Public
7%
22
Feb
Jan
4% Mar
58
37
.2.50
Co
Inc
9%
•••
11%
~25o
common
Corp of Canada
3c
700
Jan
63%
3%
1,500
18
7%
24 Va Mar
Stein
1st preferred
Pratt
Jan
37
3
1
common
Alexander
3
10
700
41%
32% Mar
•
50%
2,500
5
common
Mining Co
Power
6%
Scale
"fr "
650
Jan
5 % Mar
50
RR
Pleasant Valley Wine Co
&
1,250
2% Mar
105 Va
.
50
.
Erie
Pittsburgh 3c Lake Erie
Pneumatic
34
1%
3
Powdrell
Jan
13 7A
2%
Polaris
4%
1%
1
Metallurgical
4% '
13%
1
Pittsburgh
Jan
Mar
sharesi
common
Lake
Jan
57
9%
.
1%
100%
100
J-..
—
Pioneer Gold Mines Ltd
&
.:
550
^
103% 104 Va
Piper Aircraft- Corp
Pltney-Bowes Inc
Pittsburgh Bess
25
29 Va Mar
2%
17A
•
Jan
Jan
8
13%
ITU*
Amer
Feb
23 Va
7%
...
•
common
Johnson
Mar
47
Apr
Apr
28
150
50c
common
Jan
Jan
4'A
2
8
2.50
Philadelphia Co common
Phillips Packing Co
Jan
15%
Jaa
43'A
.
Jan
Jan
80
Mar
3
50
25
28%
11 Va
17
24 Va
,
Feb?
13
100
44
25
2.50
Mfg Co
100
6,200
28%
100
Perfect Circle Corp
Pharls
43%
•
common
Co
(The)
Peppered
Feb
Jan
4
Apr
Feb
55
2
Penn Water & Power Co
Pep Boys
25%
Feb
15
14%
23
1
Light 4%%
Feb
20
'■"4'A
14%
25
:
common
Elec
Penn
2%
,,
100
16
23%
Cement warrants.
Penn
Jan
75
15
23
~4
7
17%
1,600
25
common.;
Sherwin-Williams
Sonotone
19,100
8
2%
•
preferred
Corp
Penn-Dixie
Jan
17% Mar
~4
5% Mar
3,000
—*
1
preferred
4%
Amer
98
1
common
cumulative preferred
$1.32
Jan
Jan
104%
100% 101 %
i
Ltd..'
Telephone
87/a
36
Jan
2
$1
.
Feb
•
Co
Peninsular
;
Jan
33%
8'A
34
Feb
Patican
(
7%
1,100
30%
8%
100
Apr
Parkersburg Rig & Reel
Patchogue Plymouth Mills.—
Jan
1%
1
1
Mining
Sherwin-Williams
Feb
Apr
7%
7%
4%
__
1
1
*
8
Feb
12 Va Mar
'
-
Is
;
300
25 Va
common
Jan
9 Va
15
_
Corp
Co
5
78%
44
13 Va
16 %
"2%
Jan
Jan
4%
25
112
•
common
6%
5%
1
common
Snattuck Denn
16%
13%
16%
•
Oil'(CA) v t c
Pantapec Oil (CA) Amer sh
Feb
Feb
2%
5
Feb
94
Pancoastal
5%
3%
—
*
Shawinigan Water & Power
Sheller Mfg Co
.
•
preferred
Feb
10
200
300
1%
Inc
B)
Radio
50
13 Va
101 %
Mar
6%
5 Vs
1
prior stock
Allotment certificates
100
___•
com
7
6
1
$5.50
200
13%
33%
Feb
24'A
stock
Feb
Jan
8%
33%
Apr
Apr
1%
Inc common
Industries
Convertible
8%
300
8%
25
$5 preferred
Light 5% pfd
&
Public Service
$1.30
23
preferred
Pacific
Pacific
1st pfd
7%
6 Va
5,500
6%
*
Jan
37
1,500
40%- 40%
5
Elec 6%
Feb
5% Mar
1,100
6%
7%
*
Simplicity
5%%
x6%
7%
37
24 Va
common
Simpson's
Pacific
Apr
1
Inc
$3 convertible
common
28%
25
Corp General
Bros
8immons-Bcardman
Pacific Can Co
Apr
2,400
5
1
common
Feb
89
Feb
75
40
108 % 109
1
5%
18
25c
1
Segal Lock & Hardware
Selby Shoe Co
Seton
2
1,000
2%
2
1
Securities
Feb
10
—
1
common.^
Safety Control
Serrlck Corp class B
16%
•
class B
Inc
O'oktep Copper Co Ltd Amer shares
33
5%
__
Steel
Semler
40%
Jan
Jan
102%
7%
108%
4
—«
Rights
Securities
100
14%
1
Feb
600
7%
5%
1
Manufacturing
Seeman
700
'
15
Gas
Distillery
8%
5%
28%
-
— -
49
Corp
A)
(D
Scovlll
Jan
x88%
39'
—
5 Vs
__1
common
Savoy Oil Inc (Del)
Sayre 3c Fisher Brick Co
Jan
1%
Ltd
Corp
preferred
conv
37 Va
13%
2%
40
'
J
300
'
*T
'
'•
9%
'
•
Salt Dome Oil Co
37
Apr
Mar
"*
1%
100
preferred
Natural
Oklahoma
Old
class
Co
Brass
Feb
Jan
Feb
825
2%
93
27
Jan
10%
O
50o
common
Jan
Jan
Mar.
'
1
Sentry
Corp
•
2Vs
Mar
Sentinel
Ogden
' •'
?•-
Jan
75
96 V*
.'
Jan
2%
,
89
9%
5%
1.23
Ryerson 3c Haynea common
69,700
102
7%
Co
Petroleum
Jan
10%
102%
1
Russeks Fifth Ave common
Ryan
1%
Jan
28%
•
Jan
Feb
5 Vs
com—...
new
Ryan
30
50
pfd_100
1
•
.
22
.
u
common
Jan
96%
13
Corp
Jau
98%
28%
(The)
8%
10%
1
Northern Indiana Pub Serv 5%
67
95%
28 %
Jan
'
*
—10
Jan
7%
>
St
%
50
9%
—5
Royalite Oil Co Ltd
97 Va
28%
10
22
'
5
Inc
Field
Rowe
10 %
28%
Roosevelt
Jan
98%
8%
91
22
22
£1
common
Jan
1,700
,
Feb
1%
5,500
,
Corp
87%
250
.20
Ltd—
Feb
8%
2
400
2
91
„
•
dep rets for ord reg—__
Cable
Rotary Electric Steel Co
Feb
.12
8
Oil
Texas
RR
Penn
1%
19'/2
Royce
Amer
Rome
1%
8%
10%'
Rolls
"•1%
2
pfd F— —100
Roeser & Pendleton Inc common-
Feb
Mar
3
2Va
1
High
n\
1
6
500
12
•
Airlines
A
58% Mar
8,100
73
—*
Class B common
Northeast
950
2,000
■
Range Since January
Low
-
Co—
2%
Apr
62
Gas
t c
v
6%
Jan
26%
8
•
class A
16 Va Mar
Mar
l'/a
5
Nipissing Mines
American
American
Feb
8'/a
*
North
14%
8%
8
Rayon
Jan
100
HI
Niagara Share Corp class B com
North
8%
1
f#*
Shares
High
2 Vs
'
Feb
00
Valley
Rochester Gas & Elec 4 V#
Jan
6%
770
Grande
(Texas Corp;
"
4%
100
5'/4
%,
'Apr
3% Mar
Apr
5,000
Vs
8
18 Va
3
1%
4'/a
60
61%
8% Mar
Jan
81 Va
Low
'
1
.,3% Mar
5,000
6
1Vs
1
100
100
preferred
optional warrants
2d
5%
Class
IVa
is*,:.
1
Niagara Hudson Power common
57# 1st preferred
Rio
Jan
9
17% Mar
600.
V.
3%
Corp—
shares
Pounders
18%
7%
•
•
10
10
Co common
Honduras
&
7%
400
3%
1
Mining Co
Co
300
3%,
3'
3
1
Arizona Land
3c
Feb
Jan
11 Va
10%
Apr
6% Mar
8%
18%
3%.
f
20
25
New Jersey Zinc—
Mexico
8 '/a
100
convertible preferred
A%
8%
Co—i—1
Haven
New
8%
400
.
of Prices
Par
1
Sales
for Week
Range
Sale Price
Exchange
Richmond Radiator—
'
*
fngland Tel & Tel
Clock 3c Watch
New
Ne*
6%
10
*
1
30o
8
8
Ruboer Machinery
National
9%
6%
8%
New York Curb
High
Low
2,100
8%
6%
'
Week's
Last
STOCKS—
High
-4
Co
Radiator
april 8
Range Since January I
Shares
x9% Mar
1
3
3c Stores
/national Pressure
AatiOtuu
ended
for Week
of Prices
Par
EXCHANGE
CURB
week
Monday, April 11, 1949
Sales
Range
Last
Sale Price
Exchange
FINANCIAL CHRONICLE
Friday
Week's
Friday
STOCKS—
New York Curb
&
800
3%
Feb
% Mar
4V8 Mar
Realization
Gas
Corp
Corp..
Canada
.IOC
—r5
1
2%
2%
x8
1
200
1
Jan
1%. Feb
2%
500
IVa
Feb
3%
Jan
8%
400
IVa
Jan
8%
Jan
Volume
THE
Number 4793
169
COMMERCIAL
NEW
YORK
RANGE
Friday
STOCKS—
New York Curb
Union Investment Co
S3.75
United Aircraft
6'A
Jan
92%
100
of Omaha
56
__
50c
com
56
10
3%
3Va
.
Jan
97%
Jan
International
Feb
57
Jan
54%
2%
2,000
•
common
•
Light & Railways—'.
•
A;.
■:
4,900
19:
27%
27%
•
27
18%
.
—7
common
?
Yb
.
26%
__
10
Preferred
Feb
33
A
warrants
United Elastic Corp
United Gas Corp common
Products
__
28%
A6%s
A 7s
Jan
tV
Feb
29%
Jan
18%
Apr
21
Jan
,21
Feb
28 % Mar
9
Apr
10 %
125
150
•
19% Mar
Amer
RR
Profit
10%
&
__
Canal
Sharing
100
Shoe
10
Machinery
Power
47%
ex
Nov
Conditioning Corp
10c
U S Foil Co class B
U
and
$5
U
S
1st
S
l.
International
preferred
Altalian
Apr
Kansas
Feb
7%
Jan
warrants
;
•
with
13'A
14
3'
3
52 Va
Jan
40 %
Jan
Midland
8%
Feb
Mar
1%
Jan
New
12% Mar
14%
Jan
N
3%
Jan
Ohio
2,600
3%
77
1
common
Reclaiming Co—
Universal Consolidated
4%
1
United Stores Corp com
Universal
13%
•
"2,300
78
2%
125
Feb
at
Jan
75
4%
Gas
48
32
45
72 %
69%
12%
62
72 3A
42
41
42
27%
42
Westchester
Power
61
115
26%
26 Ye
21
26 %
Oil-
4%
Feb
6%
Jan
1%
1%
200
1%
Feb
2%
Jan
2
2%
500
2
Feb
2%
Jan /
Jan
2%
10
Insurance
1,500
__
50c
37%"
__
-,__^10
Universal Products Co common-—
4%
;
38
—
700
35%
Feb
24%
Feb
23%
—
Feb
25%
2%
2%
" 2%
1,500
2
Feb
*
common
25%
5
Utah-Idaho Sugar
Utah Power & Light
40%
.
X25%
10
22%
22%
22%
1,300
21
Jan
.
,
26
100
102 y2
103
108% 108%
1083/8
108 YB
101%
102
UOlYs 102
59
104% 104'A
13
104
105%
3
104%
1053/b
100% 100%
1C4%
,
J-D
?
,-1968
1971
3'As,
1
3
100%
104 %
3
106%
108
3
103
104%
59 %
59'A
MS
M-N
59%
105'A 105%
A-O
106-/8 107%
106 Ys
: A-0
104
104
A-O
2%
1st mtge 3s
—1964
Pennsylvania Water & Power 3%s_1964
3'As
Hydro-Electric
A6%s with Oct 1
A6%s
J.
Public
Jan;
Service
Co—
1940
1947
1
Elec &
6%
50-year
22 YB Mar
Oct
ex
J-D
"
105% 105%
,
debs
1
65
Q"j
qt;
105%
106%
105'A
1105 % 106%
'J-J
106
:
.•
Coupon—1960
£_
;
440%
•
26
44
39 3A
115
coupon——I960
Gas
1
95
95
J-J
1970
—
Piedmont
Feb
Jan
26
27
102 % 103
108 3/a
F-A
Ltg 4s__—2004
1st
Park Lexington
4%
14
.
1967
1-1961
Light 4'As.
mtge
1st mtge 3s___
79% Mar
37
45
1963
to
England Power 3 %s_—■
&
48
44
Valley RR—
Extended
Y
46 %
J-J
Apr
1
45%
46 'A
J-J
—1969
—1956
Jan
700
31%
J-J
7% Mar
1%
45%
J-D
37%
1%
45%
1966
47%
3001
45%
45%
-
-1952
.1963
6s—;
2,575
>
8%
44%
32%
3%s
Kansas Power &
Superpower
31%
44%
1952
coupon
Electric Power
46
-44'A
44%
J-J
1947 coupon
1
Feb
1%
\
•
32%
48
44'A
*
Radiator
U S Rubber
Securities
1940
105%
'
Light 3%s
McCord Corp deb 4%s
39%
__
1
246 3/4
6%
8%
__
A7s
Feb
with Nov
144
1952
;
■
58
104%
L—
ctfs
60
48%
39
__
1
common
4 Ye
Co—
escrow
High
55
F-A
—1952
Hydro-Electric Co—
Milwaukee
U S Air
coupon)
Jan
i«
200
__
47 %
25
Specialities
Jan
242% Mar
70
1%
.
25
common
Preferred
United
4V«
243
jg
__
'
__
243
__
25c
com
preferred
United
1941
A Debenture
Isarco
55
104% 105
104%
J-D
—1957
coupon)—1957
A 7s
dep rets ord regis
United
1955
coup)—-.1955
1941
1941
(July
Interstate
Mar
M-N
Jan. I
Low
.
—
1
1
(Aug
A7s
United Molasses Co Ltd—
United NJ
C
(Dec
»
■
series F
A7s
Jan
21
Sec—
Range Since
Sold
No.
High
152
J-J
3%s—_1970
Lt
&
Power
series E
A7S
Jan
..
Power
series
A6%s
Jan
39
26
19,000
9'/4
9
37/a
Mar
% Mar
,.
2,200
-
1958
Guantanamo & Western 6s
Indianapolis
__
Corp
United
High
Jan
Bonds
Bid & Asked
Sale Price
Period
Low
6%
•
Products
United Chemicals
United Milk
Low
of California—
Union Stock Yards
United
High
Last
Interest
BONDS
New York Curb Exchange
Range Since January 1
4
pfd series A
Week's Rang*
or Friday's
Friday
Shares
33
APRIL 8
ENDED
for Week
of Prices
Low
WEEK
(1589)
EXCHANGE
CURB
FOR
CHRONICLE
FINANCIAL
Sales
Range
Sale Price
Par
Union Oil Co
Week's
,
Last
Exchange
&
Co—
148'A
156'A
$1025/b 104%
101%
104
$100
100'A
101
1
156'A 156%
156'A
j-j
-i—:
Queens Borough Gas & Electric'a-o
-1952
$4
Corp
preferred
Vanadium-Alloys Steel Co_—
-
Venezuelan
6%
1,900
5%
-5
-
Petroleum—'—
Feb
64
33%
34
350
Jan !
71
33% Mar
San
Apr
6%
Mar
4%
4%r
4%
3,800
4
2%
2%
2%
2,000
2%
Feb
12%
12%
100
11%
Feb
B—
_1952
M-S
,
*—
-1951
a-o
a
3s_
_1965
M-S
Scullin Steel inc mtge 3s_
34% Mar ».
1
—20c
Joaquin Lt & Pow 6s
Southern
California
Syndicate*«nc-.i—
Vogt Manuafcturing
A
•
Jan
3%s
3
Jan /,
1st & ref M 3s ser
B—;
—
Southern
California
Gas
3'As—
Counties
12%
Jan
—
Gas
(Calif)
1st mtge 3s——
Southwestern
W
Waco
Aircraft
Co
Wagner Baking
7%
•
preferred
$2
Ward
7%
7%
1%
1%
Aircraft
Westmoreland Coal
103/4
Jan
Feb
2%
Jan
2nd
Feb
4%
Jan
l3/s
Jan
Jan
7%
Jan
A
Jan
115%
Feb
113
145
150
113
150
2%
10
112
139 :,
90
•
com
Mar
23%
20
32%
32%
225
21%
21%
25
31
-1970
F-a
$105% 105%
-1989
M-N
1950
'
Feb
A7s
with Dec
A7s
ex
14%
2%
Feb
2%
Jan
400
16%
Apr
18%
Jan
8%
8%
8%
.Vv'
6
900
8% Mar
~4%
50
~4%
15
*
32%
15
25
33
4,900
<
27%
10
10%
11%
12
500
5s
receipts
7%
7%
7%
15%
Feb
~2.', ~2/,f
~2/.r
*
9%
16.000
Interest
Period
Exchange
j-j
26'A
26'A
1
18'A
27
a-o
28%
28 3A
5
18
29
42%
23
36
100% 100%
11
100%
4
28%
115
Electric
(20%
A5%s
4%s
deb
*
:
10Ys
Jan
14
Jan
Jan
7%
Jan
8
40%
J-D
A-O
1109
1960
J-D
1959
F-A
1
Jan
2
tV Apr
)\
Last;
Rang*
Friday's
or
Sale Price
Bonds
Bid & Asked
High
Jan. 1
Low
No.
■
High
102
ACauca
1>
lOOYe
102%
Danish
1
106
106%
108% 108%
10
108'A
160y8
108%
162'/2
100%
102
21
102
J-D
108 =
101%
101
101
,1
107
16
*
J-J
92%
93
61
95%
96%
26
106% 106%
27
105
106%
57
103
106% 106%
40
106
107'A
90%
160
87
91%
_1958
A-O
103%
103% 104
1969
MS
106%
1977
J- J
.
(Bait)
90 Ye
90%
89%
92%
..1969
J-D
105
105
J-J
100%
100% 100 %
-1976
ref 2%s series R
-1981
A-O
-1962
M-N
2%s conv debs
.
105%'
8
105'A 106
104%
4
101% 101%
105
ALima
A 1st
96%
A-O
•
w—
N
J
Marelli
Ercde
Hfcec
RR
M-N
—1993
1993
99%
Interest
AMedellin
A7s
Finland
5s
ex
Nov 1
Interest
Peru
Is to 2'As
IUYb
112%
A Russian
5,'
59
60
43%
42%
43%
14
97%
97%
99 %
54
M-S
117% 117%
3
—
59
2
.
116
41
41
1953
Mtge Bank—
—1961
117%
33
41
MS
60
60
■
11
63
52%
April
April
7
5—
8
$38
40
37 Yb
38
M-N
$41%
—
42'A
$41'A
42'A
413A
$27
79
80
61%
80
J-J
$31
33
26%
31
1997
J-J
17
15%
17%
273A
27%
1
24%
29
2'/b
2'/B
55
2
3
2'/B
"2%
M-S
17%
2'/B
1
2
2Ya
17%
17%
J-D
2012
—1919
——1921
value,
a Deferred delivery
transaction (not included in
J-J
HnHni
Abbreviations used
63
102%
tive*
102%
103%
»wi," when issued;
Total
15
Util¬
roads
ities
Stocks
48.72
35.45
63.78
48.69
35.44
65
compiled by Dow, Jones & Co.
10
10
First
Second
Indus¬
Grade
Grade
Util¬
40
Rails
ities
Bonds
101.63
Rails
101.95
10
86.90
103.76
Total
-
31.70
Low
98.56
April 5————
31.68
Aprils
31.73
33.26 Jan 24
High
63.70
101.65
101.96
86.81
103.72
98.53
35.75
63.93
101.69
101.80
86.86
103.64
63.82
101.66
101.90
87.30
103.59
98.61
176.04
48.49
35.90
63.68
101.63
102.04
87.09
103.56
98.58
101.59
102.13
86.91
103.56
98.55
April
2
April 4
-
i.
—
98.49
35.88
Range for 1949
31.71
48.80
64.04
t .
April
7.
Aprils-—-
—
31.73
31.70
—
31.05 Feb 26
Range for 1918
"
High
Low
.
voting trust certificates,
Quotation Bureau, Inc.
—
48.54
35.90
"n-v," non-voting stock; 'vtc,
w." without warrants.
Closing
.
cash
•*
(35 Stocks)
Date—
for
week
"w w," with warrants; "x
Compiled by National
10
trials
d Ex interes
Over-the-Counter Industrial Stock Average
177.04
49.44
frrent
current week.
-Bonds-
20
176.44
p
range
rBTranSaction
rTransact n
consolld^ed;;truCs^ertifUiSites-
above—"cod." certificates of deposit;
"conv," convertible; "M." mortgage;
101%
104
Rail¬
176.59
transaction (not included in year s
year s range),
f
range)
$101% 102
176.71
—
29
A-O
daily closing averages of representative stocks and bonds
176.88
—
Odd-lot
|103
trials
—
24%
13'A
principal,
nUnder-the-rule transaction (not included in years
(not included in year's range),
x Ex-dividend
y Ex-rights
$Friday's bid and asked prices; no sales being transacted during
A Bonds being traded
flat.
^Reported in receivership.
J-J
30
4
e
J-D
Indus¬
6
6'As
——.——
1950
.*
April
29
J-D
stamped (Plan A)
reduced to 2%
1963
the New York Stock Exchange as
2—.
15
$28
J-D
"No par
48%
100%
115
-Stocks-
April
April
April
13%
M-N
M-S
J-D
(ser A B C D E)
Government
5'As
63%
42%
97%
1
Mfg Co—
Below are the
Date-
15
6% / 7
„2008
2'As
to
79'A
1
13'A
70
1
6%
Rio de Janeiro
Stock and Bond Averages
on
79'A
6%
(Republic of)—
101%
1956
5s
Grand Trunk Western Ry 4s
Green Mountain Power 3%s
listed
reduced
106%
J-J
1947 coupon
Residential
stamped
79'/a
81%
1931
1972
(issue of Oct
99%
May
A6%S With Nov 1 1940 coupon—1953
A6%s
F-A
J-J
38 Y*
70%
12
1947
.1947
1927)—
6s
Mortgage Bank of Denmark 5s
Parana stamped (Plan A)'
A7s
37%
81%
——1951
stamped
AMortgage Bank of Chile
105'/b
101%
7s
Bank of Bogota—
(issue of May 1927)
102%
1965
4s ser A
&
High
Division—
mfcje 4s ser B__
Water Lt
Jan. 1
38'A
80
(Peru)
•" 14
iuyb 112'A
'
Range Since
-Low
—
38%
Mortgage
A
Eastern Gas & Fuel 3%s
Elmira
119
102
$61
M-N
6'As stamped-1958
(Plan A)
reduced to 2'/8s——2008
City
Interest
1954
—
No.
High
1952
5s
—
4%s_.
1st mtge
3
J-D
1955
:
Port & Waterways—
AExternal 6'As stamped—;.
Delaware Lack & Western RR—
pf
■
Bonds
Sold
Friday's
$61
.
Loan—
5'As
10
:
„
Danzig
93
—
3s ser P_
or
Bid & Asked
:
—'
J-J
—1948
7s
Municipal
External
104%
96%
1st ref mtge 2%s ser Q
Lackawanna
.
118%
100%
118%
1953
Valley
Cons
A-O
Maranhao stamped
.
106%
City)
96%
$ 162 % 165%
MS
(Bait
105%
External
Q-F
1948
& Pwr
Mortgage Bank (Col) —
A 20-year 7s
April 1946
A20-year 7s
——
Jan 1947
Bogota (see Mortgage Bank of)
106% 106%
3-
-
100% 100%
M-S
Ga-s
109
Week'* Rang*
Last
Sale Price
Period
Agricultural
102
100%
-
1966
5s
mtge
86
108
Range Since
Sold
J-J
J-D
3s—
Gen
,
1100% 10l3A
Friday
M-N
1998
Jan
Debenture
Consolidated
118 Ye
118 Ya
Interest
BONDS
J-J
redeemed)——1954
Debenture
1st
—
Low
106% 106%
—I960
;
2%s
Lt
82%
1073/e
108%
5
82 Yb
1107
2030
5s^__—
41
Foreign Governments & Municipalities
J-D
1970
;
Debenture 5s
1st ref mtge
82%
M-S
1964
3%s
41
115
Feb
1964
—■:
6s
5s
Consol Gas El
1003A
,
1954
—*
Newspaper Union—
6s conv s f debentures
1955
redeemed)-.
(20%
42%
.
Western
1953
.
5%s A
,
Service
>
Co—
coupon—1956
coupon——1956
Wwk'»
^Central States Electric Corp—
Cities
41
42%
J-D
1949
West Penn Traction 5s___—*
1970
City Electric 3%s
Telephone of Canada—
Edison
72
95'A
127
£1
Atlantic
A5s
63
Jan
'
Boston
123
4
33
-Apr
104% Mar
Jan
10% Mar
200
Low
C
3
,72
-1946
—-
Hotel—
Penn Electric
West
;
Jan
5
Mar
14
23%
300
11%
6%; Jan
10,': Jan
100
30
8
Feb
Jan
4% Mar
500
104% 104%
2
common
Appalachian Elec Power 3%s,
Steel
125
71
•
1940
1
1947
debs
income
A 5s
Ltd—
New York Curb
series
__
;<
:
.
Washington Water Power
Jan
9
5%
9%
6
1
Dec
Waldorf-Astoria
15% Mar
Feb
400
BONDS
5s
105'A
84
-1946
Service
United Electric
Apr
16%
100
Inc
,1
Jan
21%
_2%
Friday
•
100'A
104'A
;
34
125
a-o
New York Curb Exchange
Bell
99%
—
83
84
:a-o
1966
;
of N J 4s
United Electric Co
/.>■;
Bethlehem
106%
"
L
$100
Hydro-Electric Co—
1940 coupon__1953
ex Aug 1 1947 coupon—1953
26
16%
25
pfd
preference-.
Associated
106
104
103%
—
103
j-j
6'As with Aug 1
36
"2%
1
common
Terni
Jan (
150
1
Wright Hargreaves Ltd
Assoc Tel & Tel
105 »/4
104
$105'A 105%,
...
Industries—".
Feb
10
5
American deposit
a-o
105%
'
$103% 105
-1971
stamped
Mar
;
20% Mar
1
Corp
(F W)
...
A6%s
;
Wisconsin Pwr & Lt 4%%
•
114
102'A
103%
23
'
Jan f
1%
-104'A .104%..
$104
1053/4
104%
113
101
114
101. /'
$110
$100
■
■
——
trust
(Hugo)
A7-4s
6%
Corp
Petroleum
Stinnes
|
600
,_10
Industries
Jan
400
5% preferred w w
Winnipeg Elec common
6%
Apr
%
1,050
1
Woolworth
7%
25,200
7%
Wilson
Woodall
2%
400
1%
J-
.
V-F-A
-1970
3%s_
(Hugo) Corp—
3rd stamped
A7-4s
1%
•
Woodley
Apr
7%
Stinnes
3%
Williams (R C) & Co
Willson Products Inc
Brothers
1
]
6%
pfd—100
Weyenberg Shoe Mfg
Whitman (Wm) & Co__
(The)
111
1%
—
Oil
Jan
Mar
9%
Mar
1%
3%
*
Westmoreland Inc
River
8% Mar
109
500
collateral
5s
Elec
&
j-j
-1973
——_
5s
inc 5s
AStarrett Corp
Apr
1
Western Maryland Ry 7% 1st
Western Tablet & Stationery
Wichita
1%
Jan
1.25
Corp
Wentworth Manufacturing
West Texas Utilities $6 preferred
Wickes
1%
80
1%
1
—
1%
3%
—
1 W
Baking Co warrants
Warner
9%
700
>30
Co
Watch
200
109% 111
1
preferred
cum
Waltham
1%
.9
100
—:
Waitt & Bond Inc
Spalding (AG)
1%
voting trust ctfs ext_»
Gas
;Xm-
Ai■
—1973
5%
Mar
series
Edison
Southern
Venezuela
/
5%
1
common——;
convertible
,
M-N
,-1981
Safe Harbor Water Power Corp
Valspar
1_
.—_
37.83 Jun 10
32.37 Dec or
29
»
34
COMMERCIAL
THE
(1590)
&
FINANCIAL CHRONICLE
Monday,-April 11, 1949
OTHER STOCK EXCHANGES
RANGE FOR
WEEK ENDED APRIL 8
Friday
Boston Slock
Exchange
Friday.
Last
Sals Priss
STOCKS—
American Agricultural: Chemical,.
*
+
>
American Tel & Tel.,
American Woolen
Anaconda Copper
-100
—
Edison
Boston
Elevated
25 %
25%
-50
i.
43%
43%
X42%
40%
767
25% Apr
645
30
38%
'35
Apr
140
100% Apr
1,449
40'A- Jan
...
120
r
.100
_
16%
16%
16%
Jan
•
-.
,
19%
'115
16
2
t
550
.51
Jan
f 13%
Apr
>^,16
^
1%
13
100
22%
Apt * Jk.
Apr
24
-Jan
2% Jan)
Feb
11
1 *;
Jans
'
Apti
300
-
Jan,
**Feb
64%
•13 %
3,400,. u"--.«% m
■
Jan-
8%
.
i2W*;Feb
'
3,500-
0%
'13 V*
23 y4
:—
35
^300
-
2
-
8%,'
13.
Feb
,15% Jan
13%
8%
88.
366
22%
2
Feb
Apr
7% Mar
•
22 y4
13
7%
15%
1,300
64%
"
'
High
Feb
Jan
6%
86%
"
^.13%
■
Zlo
prior preferred—
Modine Mfg common
Jan
62
.
.
:
*10
10
8%
15 »/4
.
100
186%
13%
Miller & Hart Inc common vtc.,,..
$1
Low
22%
•
common
62
Range Since Jan. 1
550
7%
13
8%
16
Shares
High
7%
12%
8%
So
<
Field: & Co
Middle West Corp capital—
43% Mar!
16% Mar
1,712
Preferred
Marshall
Railway—
Stamped
.,-1
.
s
86%
—7
Lindsay Light & Chemical common
Jan
»
■
r
100
Lincoln Printing Co common
Feb
Low-
.
13
.^r»
for Week
of.Prices
.
—1
common,—,
Libby McNeill & Libby common
Jan
150% Jan )
143% Jan
2,654
Keiiogg Switchboaid
5% preferred
High
*24%*Mar
'50
.31 %
100%* 105 :
100%
,.25
.———
Katz Drug Co common,^,,—
Range Since Jan, 1
low
29 y.
30
.100
Boston ti Albany RR_—'.—......
Boston
26
;36
145%;146»/4
145%
_»
—,,•—
...—
-
Par
Salsa
for Wssk
Shares
High
Low
Par
~
Week's
Hangs ■
of Pdsso
Sales
Week's
Range
•
Last
SalePrice
STOCKS—
*23 »
14ya~Jaii \
Feb
25
Jan
!
Maine RR—
Boston &
prior/preferred——
■$% cl A 1st pfd stamped—
8% glass B 1st pfd stamped
43
National Standard common
Jan
4%
Feb
6
Mar
Northwest; Bancorp
6%
320
5 %
Jan
6%
Apr
5%
5%
.100
4% Mar
6
•
Jan
8%'
8%
100
7% Alar
6%
Apr
Boston
15%
16
78%
79
35
4%
4%
44%" -45%
—
-
!
'
*■■...
General Electric
Feb
St*Louis
5%
Jan
46%
Jan
Sears Roebuck & Co capital
Serrick Corp class B common—
Shellmar Prod Corp common
4%Mar
29
39
Feb
200
88%
10
3
10
61
Feb
6%
Jan
Mar
3
62
68 %
l|4at Btockyds capita)
32
1
85
85
25
84
Feb
88
32
140
29
Mar
39
Jan
•
21%
a
21%
80
19%
34%
HO
33%
22%
Jan
33%
33% <1
Feb
Jan
•35% Mar
53% Jan
61%
Feb
59%
5914
59%
536
37%
36%
37%
2,351
Feb
40 Va
Jan
30%
32 »/4
374
29*4 Feb
331/4
8%
65
81/4 Mar
96
Jan
{31
rFeb
134% "Feb
30
33
"Jan
1
39%
13%
10% Mar
250
Jan'
Jan?
500
124%
Apr
28Jan
400
i 12%
Jan
131/4 Mar
23
.2,000
.
24
i I9y» Feb
i
; Jan
:-
5
16%
9%
1,400
Apr
Jan
GVit
15% Mar
7% Feb
250
9%
"4%
i
150
5
16%
16%
~21 Va
5
•
Jan
Mar
10
4%'Mar ;
4%
4%
300
2%
Jan
39%
40%
400
.36%
Feb
41% Mar
12%
12%
100
12%
Feb
14 %
6%
650
*
Jan ♦*
Jan
8%
"HI*
•
Jail*
12%
■
22%
Society Brand Clothes common,—1
South Bend Lathe Works capital—,5
Spiegel Inc common
2
Standard Dredging common,
,*.,,20
Standard OH of Ind capital,
.—25
Stewart-Warner Corp common,——5
Stone Container Corp common
1
'Jan
31
j
Jan
8
88% Mar
i
1,100
11
12%
Jan
<
>9V^ Jan
•17%
15% Ma-r
25%
24%
24%
*
*
31% Jaii <
251%'MaE I
Feb
7% Mar
7% Apr
I
32%:
i
l&'A
L—•
;
22%
10
37% '38
•
50
38%
,88%
32%
*
Signode steel Strap common,
Sinclair Oil Corp...—
'
—
200
16
7%
15%
'
—
Eastern Steamship Lines Inc
Employers Group Assoc
First National Stores-———,—.
: 7%
"7%
Jan
3
,6%
i
-1,4Q0
——
80
62
———10.0
'1st pfd series A——1Q0
6% preferred class B-.
—100
5% pfd adjustment
100
Common
8%
20% Apr
100
8>
5
16
iEastern Mass Street Ry—
i'
24%
50
i
Jan
69
210
29%
24%
1
Manufacturing common
Pea body Coal< Co common
Pennsylvania- RR ^capital-:
Quaker Oats Co common
29%
-
;29%
•
common.
14%-Mar
330
Boston & Providence
Personal Prop -Trust,-.
*
RR———100
Calumet Sc Hecla .—'J,
-5
Cities Service
-100
__L0
Oak
5
6%
stamped—,—100
.—100
class C 1st pfd
Feb
38
254
80
5
105& cl D 1st pfd stamped
,t
<41%
40%
40%
»10Q
100
alQO
'7%'
35%
x6
6% Mar
Feb
6
'•
4
a
Gillette Safety Razor Co__
;Isle
Royale,Copper
Sunbeam
_«
—
Maine Central
43%
Jan
25
41
Jan
6*4
Texas
Apr
Thor
Jan
56%
41
Feb
!. 40
5
Apr
5
Apr
5'4
520
6%
Va
Trane
5%
13%
Jan
141/4
Feb
64%
120
58
Feb1
64%
Apr
J
——•
37
37 Va
55
36
j
44%
44%
24
10%
11
190
8%
Jan
11
12%
13
95
12%
Feb
15%
.
Linotype
——*
1
44%
Mar
44%
41%
Feb
Apr
50%
Co
(The)
Assn
Nash-Kelvinator
National
5
Service
Cos
North
Butte Mining,,,,
Pennsylvania RR
Quincy Mining Co. ,.——.
Rexall Prug Co;
Shawmut Association
Stone ifc Webster
50
—
151/4
16 Va
W-;.
—
'••r'
140
j 43
Feb
44% Mar
<
371/4
Feb
41%
100
;il%
Feb
Air
Inc
10
United
Light & Rys Co common
,7
27%
Lines
6
4%
4%
•
71%
i
*
10%
2
2,700
Jan
10
87%
Jan
14% Mar
798
,
32% V
**
7
5 Va
Jan
14%
15»/4
20
14%
Jan
15% Jan
15%
481
12%
Feb
15%
Apr
33%
250
31 Va
Feb
34%
28%
Apr
35%
Jan
160'
281/4
•U 8 Rubber Co,
....
50 %
29
51%
4,610
47%
\
1
—10:
«
Waldorf System Inc—d
WMtingbouse Electric Corp
48%
725
39%
116
Apr
38% Feb
70
■if 12% Feb
592
22% Feb
14
-12%
-
14
22%
23y« •*
23%
49% Feb
47%
52%
Jan
ftTOCKS-r
Week's
Abbott Laboratories common
•
[
■
—*
43%
Jan
Apr
Curtiss-Wright
Jan
9%
9%
1,100
.13%
800
31%
600
30
Apr
24%
Feb
2
30
30 Vs
"26
Asbestos Mfg Co common
A they
Products Corp. capital
Television
Electric
General
4
_
Co
w Util
78
Apr
|
15% -Feb
4 % Jan
19% Jan
!
250
0%
100
8%
10%
Feb
9
Jan
150%
Jan
1,500
6% Feb
7%
Jan
1%
1,000
1% Jan
1%
Jan
4% Mar
5%
Jan
700
144
;•
14%
150
Mar
15%
33T'8
10%
Feb
13% ^an |
200
10%
Feb
6%
500
6Vs Mar
7%
Jan
,
11% Mar
•*:
7%
13
*
100
13%
Jan
,
10%
350
9
Feb
10 y2
Jan
500
46
53%
42
Mar
7% Mar
17%
Feb
9%
Jan
50
40
16%
100
16
7%
300
1
3%
3%
3%
1,000
1%
>
1%
1%
200
1%
Jan
11ty* Jan
14%
12%
12%
3,900
12%
12%
75
t
10%
64%
11%
64%
1,000
.1.00
"7%
6%
7%
500
51%
.51%
52%
800
20
.
10%
Jan
9
Feb
11% Mar
64% Mar
6
65 Va
Feb
20
20%
.55.0
20
26%
4,000
200
25
Jan
28%
57%
Apr
26
Mills of America Inc_—
A
(Peter) Brewing common,,—1%
58%
7% '
(W H) common
Lakes Dr & Dk common,
14%
_•
14%
6
58%
75
5% Mar
:2%
75
31%
'
Jan
'
Heln Werner Corp.,
Hibb Spencer
Inc
9
7%
II
„25
common
Indiana
Steel
International
A' "<
<•
•For
•-
10
common
Independent. Pneumatic Tool
•
Jan
9
5%
6 % Mar
50
14%-14%
14% 15
300
14
500
14%
200
9
9%
17%
550
650
100
51
52%
425
15%
100
10%
mh
footnotes
o':,r
jsee.
(page
-4®S
•,
42.
.
23%
„
•
,
450
26%
200
17%
200
4%
Prodi common—.—I
Harvester (new),,
*
10%
26%
17%
_I
100
common,-*
300
io%
11
30%
32
Feb
—
-
8%
1,800
>;
*
—.
8V»
Jan
11% Mir.
25%
Feb
Feb"
32
14%
Apr
11%
1,300
,
9»/4
/
Jan
•500
200
} 23% Mar
4%
600
:
4%
,
|
[
Apr.
7%
9: -•
9%
231%
24V4
4%
,
10%" Apr
241/4 Feb
Feb *
'
12%
:
13 %• Jan
41/4. Jan
19y8 Mar
400
13
'
27*4 Jan
51/4. Jan
4% Mar
.
Jan;
<
&
Jan
16'
16 »/2
1,100
:25%
.15
Feb
Feb
30
67%
69 Vb
600
65%
Feb
73%: Jan
14%
Feb
161/4 .Jan
16% Feb
9% Mar
2% Jan
21*4 Jan
11
lV/a> Jan
16%
18%
18
18%
1,000
3,600
3V8
2%
<
500
11%.
'11
<■.
_
1714
11%
Jan j
j
Jan
3y8 Mar
Feb
/56% .Feb
<7%
8%
Apr
Jan
Mar
Feb
121/4
8% Mar
15%
7
Feb
Feb
Last
43
Feb
15% Mar
Laundry
4Vc
—
Cine & Sub Bell
j
i
4%
150
23%
25
1,300
.
,
Tel,..
>
:
r
28%
68%
__
11%
.
16
.
....
;
Apr
:67% Mar
50
15%
Jan
102%' Feb
11% Mar
.
Feb,
Feb;
Jan
29^8
Jan
65
16
23%
5
5%
221
■
n%
25%
Jan
100
5
253
68 Vz
j68
—
27%
802
•
5%
5%
1
—
<**
Eagle-Picher
Formica Insulation
Art
Gibson
v,,
■
■:"
•
•*
7'4 Jan
76%* Jan
12,%
Fe b
16
Jan
Mar
Kahn
j
Mar
•
Jan
1
Jan
i
Mfg Co common,,—
<
10
Jan
17%
I
Apr
Jan
53
Z-l
—
Mar
255
21
347
19%
Jan
21'/2
Jan
100
11% Mar
1344
Jan
43*4
491/4
Apr ;
i2%'
48%
:49I/4
11%
{11%
11%
10
*
63%
*
-"44
561/4
36%
455
*
46.
55
47
•:-
Jan
17% Jan.
66%
7*4 Janll*/4
65
35
*35
-,50
Jan
57%. Feb *
319
370
11%
•
,11*4 Mar
.415
•11%
-10
Printing oommon—
64%10
56%
11%
—
-
311
10
(Playing Card—r—
.
»Mar-
50
50
03%
Preferred
56
.% 35.
40%
Western
Bank
—
-—8
—
7%
7%
50
.
Jan
10 .JMar
11% Jan
58
Feb
Feb '
Mar
Apr
39
Jan
Jan
47/'
Apr
.
Jan
17
s
U s
27
V." 26
49%
—
Procter ;&• Gamble
Randall-class. B„
U
19%**Mar
*jjan-
23
65
125
,12
(E) Sons common
Magnavox Co
8%.-Jan
.Feb'.
16% (Feb T
269
,,
•50
—
Kroger Co common
6
30
7-
19
<20
25
...
—
r 7
S18%
40
—
—
Hobart
17
8
7% Mar
Jan
Jan
%
Jan
Jan
Jan
Feb
—*
27%
;
101% 101*4
„
—50
—
Cincinnati Union Stock YardCohen (Dan). Co—
Dow Prug common
j
15%
181/2
3% Mar
27%
—25
Jan
•21*4 Feb
60
21%
Apr
31/4
-
i
12
30%
23%
,8.50
-100
preferred
CinctPhati Street
;
180
4-
!21%
High
Low
22*4
340
23%
4
—
Cinn Gas & ,Elec common
1
22%
*
Range Since Jan. 1
Shares
High,
TfOW
.
22%
t.f
for Week
of Prices
1
Champion Paper & Fibre
62% Feb |
9% Jan i
Feb
9% Mar
,
20
Mach
Balcrank
i
Jan
16% Mar
.24
|
Par
American
Apr
9%
Jan
Sales
Week'#
Range
Friday
Sale Price
Jan
7% Mar
15%
Illinois Brick Co capital
300
3%
Jan
"
1121/2
.10%
,
•
STOCKS—
Unlisted
Illinois Central RR
10%
22%
Feb
'
,
3 Vfe Mar
95
10% Mar
200
~~
common-
900
6*4 Mar
15%
Feb
10 V2
Oincinnati Stock Exchange
—
500
260
17
I
3
Bgrtlett
Border's
1
39%
-
•
Rapid Electrotype
Hammond Instrument Co common
Heilman (G) Brew Co
pew cap,,
.714. Jail
Jan
12% Mar
31/4- Jan )
4
Feb/
•
1,600
7%
11 -
•
Jan
Apr
Jan
28% Jan
27V# Jan
28% Mar
58%
•7%
10%
Gossard Co
Great
9
6
Gibson Refrigerator Co common,,-—1
Qoldblatt -Bros common
250
200
11%
8%
Gmaergljklotors Corp common.^--,,—^16
5%
2%
79
11%
1
common
:5%
2%'
75
Flour
-4%
'
|
"
Jan
71/4 Apr
51% Jan
■■■•
2%
11%
300
I
"3%
•
.13% Jan
'
JPpdge Manufacturing Corp common_,l0
Domestic Credit Corp class A,
_l
Eddy -Paper Corp (The) _________j."
900
-11%
11%
.
1
-1
4!/4 Mar
11% Mar
28%
,
26%
25
6%
6%
;
8V0 Jan
9\Dprt
% Jan
; 12%
^1%
15
25
-1
———
„•
2% Feb
6%
^——2 Y2
Apr
12%
10%
•
common^.
;
Feb
12%
5
35'A
200
11
:—33 %
Wilson & Co oommon
Jan
100
14
14
2
49%
Feb
% Mar
14
50c
common—,,
1 Va Mar
300
1%
.*37%
•
11% Mar
Jan
42
Apr
Mar
7%
-1
Corp
A
6%. nb
7-1/4. Jan
1,600
Jan
14J/f Jan
'
46 %
7%
i
37
-22%
Sunray Oil Qorp
United Corp
13
10
_
1%
.
10
Studebaker Corp common
13
i
200
7
/
9%
*
22%
Standard Steel Spring
16
46
12 %
common,—
Corp
Jan
10%
10%
5
common,,,
General Finance
.
,46
—
10
•
For
i
2%' Jan
6% Mar
7
9%
3%
;io
i—,—
,
30% Feb
11% Mar
3%
Co
26%- Jan
103%- Jan j.
Jan
100
•
Schenley Distillers Corp__^—
Socony Vacuum Oil Co Inc
Standard Oil of N J—,—
Feb
6%
——
Jan
35
100
800
31%
—.5
Motor
Republic Steel
13%
Mar
2
1%
4
Rexall Drug Inc„
1,400
14%
.Mar. j
,14% Jan
11^4
'37%
_,5
•
Pepsi-Cola
Jan
7%
5
"
•
(The) commo»i^,—
Radio "Corp ot. America common.
RadlOrKeith-Orpheum
-1
6%
—1
"10
12%
Pure Oil.Co
Apr
:
6%
Chicago Corp common,
1
Convertible preferred '
Chicago MHw st Paul A Pac vtc_„—•
Chwsior Corp (new),,,
2%
Coleman (The) po
Jhc——,5
Commonwealth Edison common,,
25
Co
76% Mar
500'
5%
300
Cherry BurreU Corp common
Crone
100
17%
1,250
Central 111 Secur Corp common
Convertible preferred
Cent It s
78
5%
Borg-Warner Corp common
>«,
Brach & Sons (E J) capital,,,,
Burton-Dixie Corp,—,
Butler Bros common
Biscuit
.;
.2%
'•
•
Carr-Consol
High
2%
—10
2%-"Mar
Feb
,
& Radio...
100
-.26
Paramount Pictures Inc new com—,_l
Range Since Jan. 1
Low
t.
Borg (George W) Corp,,,
"
Shares
High
1%
f
y8
7% Jan
12%
9%
-•
-•
"•'*
Car.
Pan American Airways Corp
3
Belden Mfg Co common■Berghoff Brew|ng Corp,—
Binks 'Manufacturing Co capital,
*
5
:/
-s-L *
Packard
—3
Automatic Washer common,,
Am
Corp.——:——
\
«f Prices
Low
145% 146 Va
1%
.
11%' .11%
Nash-Kelvinator Corp
New York; Central RR capital,
7Ve°
—4l
Jan
1
"11%
Graham-Paige Motors
Laclede Gas Light_<
for Week
9%.
145%
Mar
102,
'
•«■
5%
.—5
common-
26
12% Mar
—1
'
;
17
17%
-
-
Jan '
12
131
Continental; Motors
14
26%
78
Admiral Corp common—
—1
—5
Advanced Alum Castings,
Aetna Ball Bearing common^,
American Tel & Tel Co capital——100
Armour & Co
Sales
Ranee
Bale Fries
■Par
13
300
'
Chicago Stock Exchange
'
Jan
12%
:
——
General Public Utility Corp
Last
Jan '
10%
x9%
;i3y8
9%
;13»/8
Bethlehem Steel common new—
Farnswortb
'
10%
Feb
200
Slocks—
Canadian Pacific Ry Co
^25
Certain-teed Products
• -r————1
Columbia Gaa System Inc (The),—
54% Mar
•
Friday
Feb
10
'
,•
United Fruit Co„
United Shoe Machinery common,.III25
78Vz. Jan
Feb
10 Va
•
Jan
22%
100
;i2%
12%
Mar •
69
200
1,350
ao
5
28'4
Jan
49%
—
Machine capital
72%
10%
Jan
14% Mar
26% Mar
300
23
10%
71%
•
v
28
;23
Alleghany Corp —!
—1
American Air Lines Inc..
.1
American Radiator & St San com,,,*
Anaconda Copper Mining50
Armco Steel Corp..
—10
Atchison Topeka & Santa Fe
-100
Feb
4% Mar
38%
,—5
Unlisted
Jan
17%
.
5% Mar
325
70
common
13%
Jan
45c
Steel
s
Yates-American
Apr
Apr
<
Jan
300
Wisconsin Bankshares common
Feb
Jan
Jan
r
38%
Wwtinghouse Electric & Mfg com—12
32%
t.;
:ii>
Torrlngton Co —i.,—
5%
8 Vs
<
13%
25
43%
U
80
54 %
Feb
22
43%
37%
;i3%
{'
30c
Jan
Jan r
xlO% Mar
100
200
Feb
r
11%
*
'
Jan
41
32 'A
Corp
Apr
25c
Jan
49 y»
Jan
Apr
Jan
Feb
capital (new),,*
Jan
-
10%
24
United
Jan
14%
—•
—
——
8%
i.;
'<
,
j——.-2.50
Inc
Union Twist Drill
34c
15%
25
_/
580
31c
>
2,770
81
34c
.,2.50
i
10
80
91/8,
New (England Tel & Tel,—4——100
13c
200
80
20
System-
21c
21c
_1
England Electric
Rew
13
♦29
100
53
.53
8%
900
i23%
24
33%
1,250
30
110%
5
2
common
9%
8%
29%
25
Corp
Co (The)
Woodall Indust common
Narragansett Racing
:
Union Carbide & Carb
14
i—10,0
pfd
25
■'
9
30
50
38
38
5
208 South La Salle St
14
64
45
•
Swift & Co capital stock
—25
Mathieson Chemical Corp
Mergenthaler
6
41
Corp common
Sundstrand Mach Tool new com
8% Mar
Jan
4
1,345
45%
43%
•
50
Theatre
RR
5
4%
'IIl5
.
Boston
"5
—15
——-.
Rennecott Copper
Lamson Corp (Del) common.
8% prior preferred——
Loew's
30%
.—1
Hathaway Bakeries ——*
11
4% Jan
27%
Jan
Stocks—
Allied Stores
American
;
,
'
*
Mill-—--,-———_10
Tel.
.-100
Chesapeake & Ohio
26%
—•---—-.——1
American Rolling
American Tel &
r
_I
__—
Airlines
;
'
25
.
2434
145%
9%
'24%.
26%
9%
26
'.
16,1
32%
25
•
Feb
7%
50
145% 146%
32*4
26%
62
425
Jan
23%
Feb
*
•
-
Mar
9% Mar
27%, Jan
150%
143% Jan
31
28% Jain.
-
-
Jan
34% Jan
Volume
Number 4793
169
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1591)
OTHER STOCK EXCHANGES
RANGE
Friday
Week's
Sale Price
Service
City
Ice
4454
29
Commonwealth
11%
Southern.
&
Curtiss-Wright
_i.
33A*
Feb
46%
110
26 y8
Jan
29
Apr
332
10%
Jan
11% Mar
-25*
3
Jan
8T"*a'*
General
Cash
New-
36%
'
Oil
Radio
50
;
33 %c
39%
Jan
Gerity-Michigan
Hoover
Ball
J)_
_25
(Ohio).
35 V*
Feb
271
56%
Feb
62%
Feb
Howell Electric Motors
137
30%
Feb
35
Apr
Kaiser-Frazer
12
100
10'A
25%
Feb
13 y«
Feb
31%
Jan
140
•T
Kresge Co
50
15%
^10
.12'%
12%
59
16%
16%
200
18%:
41%
68%
24 %
8%
17ya Mar
Feb
11'A Mar
11V* Feb
15
32
Friday
Coach
American
American
Tel
&
Feb
17%
Tel
&
&
17 '/a
City
Fuel
Ice
&
Cliffs
Cleveland
$4.50
Iron
1
common
preferred
-100
Electric Illumin
Cleveland
Jan
(EI)
de
Electric Controller
!
Erie Railroad (Un)
•
i
Firestone
Tire
Rubber (Un)
&
Motors
Goodyear
Park
Tire
&
Rubber
Towing
^
21/4
21/4
400
2y«
Feb
2%
Jan
4
4
250
3%
Feb
4Vi
Jan
3
Jan
2
—*
-A
:
1
.1
Pfeiffer
*
21%
78
Rickel
Jan
Paper
Tube
Superior
&
Low
3%
Jan
14 Va
Feb
16 y4
3
24%
Jan
27
V
3%
-
Aircraft
1,665
3%
367
3% Mar
4
Feb
5%
5%
300
5y4 Ma r
6%
Jan
12 V4
Jan
34%
11%
1,465
10%
Jan
2%
2%
550
21/4
Feb
2%
2%
316
2% Mar
2%
Feb
17»/4
171/4
100
16%, Feb
18%
Jan
10
10
8%
1 %
iy«
1%
1,400
1
Feb
1
1%
1%
1%
1,100
1% Mar
Jan
29 V2
:
56
16
Jan
76
Jan
42%
Jan
36% Mar
% Mar* ':
41
1
Feb
46'A
Week's
Range
Febt
50'A
Acme
National Tile
47%
17%
195%
28% Feb
327/a
85
Feb.
94
Shares
•
Low
Par
10
Alaska Juneau Gold Mining Co.
Alleghany Corp
Allis-Chalmers
(Un)
Co
ll'A
Feb
14%
44%
Feb
-
Airlines
Power
American
Jan
166
Inc
17%
17%
43%
206
40'A
26%
29
340
25
Radiator
&
Light Co
St
&
75
50
75
Mar
17%
17%
17%
54"
9%
9%
22
a36% a38%
25
33 % Mar
34%
13
32-
Jan
a28% a29%
77
28 Mi
American Viscose Corp
Feb
American
Jan
Anaconda
21%
Feb
75
Feb
34
12
10
29
12
.
Feb
45%
,17%. Apr
9%
181
Mar
'•£•20
«Hn
Armour &
(Un)
*
(Un)—•
Apr
"
*
12%
Avco
11%
Sargent
;
'
'v:.'
'
Baldwin
34%
Feb
Bandini
33 V*
Jan
Barker
Jan
13
•
f'.v
n.
•
Ohio
Apr
33
Jan
Bendix
Aviation
Feb
37
Mar
Bendix
Home
350
11%
4 '/a Mar
32
;J-
Bethlehem
4% Jan
19
Jan
-
Jan
100
25%
Feb
33%
al45%
21%
a
23
3% Mar
42%
24
38
21%
54% Mar
57 y8
Feb
760
25 7A
Apr
37%
Jan
30
Apr
35y#
a25 '/a
a26
254
24% Feb
27 y«
Jan
Jan
7%
7%
250
7%
Jan
a91% a92%
102
a53% a53%
—
——-5
(Un)-100
(Un)
3
6%;
V
1
a
'
Apr
Jan
Budd
39%
Jan
43
Jan
Byron
379
22%
Feb
26'%
a38y0 a38%
100
a72 Vs a72%
94
)
Youngstown
8%
8%
al6% al6%
10%
10%
36%
Feb
42
69
Jan
78%
7% Mar
50
9
Jackson
(J
Pacific
I)
Ry Co
——
16%
Apr
Feb
12
Jan
Certain-teed
Aircraft Co
New York Curb Exchange
__
^
Building
,
Detroit Stock
Cons
—
'
Altes
Brewing
Par
1
common
Co—
Range
of Briees
;
:
Low
2%
2%
—J
Metal Products—,
Briggs Manufacturing
American
5%
——2
Chrysler Corp
%
,
1
1—2 %
Gould
Consumer's
Power
Continental
Motors.
Davidson
'Detroit
;
Co
common.—
33%
—1
—
Bros
Shares
Fdison
—
High
•
21%
—1
common
Detroit Steel Corp—
High
250.1
2% Feb
2%
Jan"
5%
22&rw
5%
6
27%
52
33%
>
856
5
8%
\ :ioo
m
210
"
Feb
27%
52
Brewing
Ale common
Fruehauf
For
Trailer
8c
80
a—
10
;
a34'/4 a34'/4
a—
—
7c
3,000'
12%
255
66
-a—
a56% a56%
40
a—
*al2
50
12%
—
—
8c
Apr
14'A Jan
Jan
12
a33% a34Vb
a—
a—
—
Mar.
a—
a„
20
3%
Feb
806
51%
Feb
56%
Jan
65
38%
Feb
45%
Jan
3'a
Apr
3%
a26'/a
Industries
50
160
17% Mar
19%
Jan
440
10%
Feb
11%
Apr
175
16%
Feb
17%
Apr
a26 a26 %
68
25%
Jan
26%
Jan
3%
940
3
Jan
18
'
2,900
23
370
11,043
12 Ya
12'/a
a6%
a7%
1.80
10
5
(Un)—1
a22%
'*
—
»
Apr
9% Jan
12y«
Apr
6% Feb
8%
Jan
6%
54% Mar
90
100
•\>
to
to
Apr
10%
60
10
a24% a25%
.
*
13
170
13%
135
&
Farnsworth
Nati
Merchants
Tele
—
—
52 %c
55c
9%
21%
Jan
13%
Jan
13%
Apr
Jan
14
302
65c
Mar
49c
1,280
302
302
Jan
.
Jan
310
Mar
1
__1
7%
Jan
8
1% Mar
Jan
13
Mar
1
1 Va
iy8
452
7%
7%
100
12%
12%
300
10
37
37%
840
36% Feb
39%
Jan
a42% a42%
125
41% Mar
42%
Jan
57
Corp
^
Stores Ltd
Fitzsimmons
10%
Apr.
31% Jan
General
Electric
Jan
General
Foods
Motors
32% Jan
200
57
Jan
33% Mar
100
6%
Feb
8
Jan
6%
Feb
4%
Jan
5%
Jan
Garrett Corporation
(Un)—
Corp
Corp
General Public Utll
12%
—
Co
*
(Un)
•
common——10
Corp
37%
5
(Un)
58%
58%
847
12%
58%
12%
289
23
_
7%Mar
Feb
•
Feb
62% Feb
: 11% Jan
12% Mar
Jan
5%
900
*
21%
21%
8%
22
2?%
20 Vb
4,467
7%
1
7——
footnotes
see
page
42.
2%
65c
20
Feb
class A-*.——1
Radio
&
Bk—100
Mar
Feb
12% Mar
11
Feb'
13
Jan
10
27
/
7% Jan
20
13%
—
Jan
185
4
Products Corp
55%
•
8% Feb
25
165
1,258
a22% a22%
Apr
23
Jan
250
a54% a54%.
a24%
1.80
21% Mar
10%
3% Mar
1.20 Feb
23
8%
1.65
5
Jan
Jan
17%
3%
10%
5y8
19
16% Feb
11%
17%
——1
Inc
3% Mar
530
3«/4
18
50c
(Un)
Jan
a 3%
11%
17%
1
(Un)
Inc.
—
13%
Feb
52%
al7% al7%
3%
—
(XJn) L
—
11%
51%
Mng
1
(Un)_*
America
of
Feb
Mar
865
6
5
7%
22
Jan
10'
Jan
9y* Jan
8y4 Feb »
103
Electric Bond & Share Co (Un)
5
Exeter Oil Co Ltd class A
——1
i'.;
Feb
Feb
25
Jam
22
Feb
100
c
7% Mar
9%
Jan
620
7% Feb
9%
Jan
245
23
a62% a67%
10O
a—
a43 a43%
132
2Vi
2%
235
2% Feb
3%
a39
a39
50
36% Feb
39%
Graham-Paige Motors Corp (Un)
Great Northern Ry Co pfd (Un);
410
2%
65c
20
350
500
'
1
*
23%
2 Y*
a—
42% Feb
Jan
45
Jan
Feb
Jan
24%
23%
*
25
Gladding McBean & Co..
Goodrich (B F)
Co (Un)
_
22
.
Apr
Hancock
Hilton
!
53%
8% Apr
1,865
'
Jan
8
1
1
Frankenmuth
; Friars
Jan
40%.Feb
,
46% Feb
100
8%
a9V4
' a24y8a24%
.
of N Y
Curtiss-Wright Corp common
Farmers
2%
5%
5
—20
Detroit Gasket
j
38% Feb
„
10
,,
Goodyear Tire & Ruhber Co common—•
Detroit-Michigan Stove
•
-
Range Since Jan. 1
LOW
••"7%' .7%
1
Cleveland Navigation
Detroit
52
25% Mar
,
a3%
(Un)—•
Sav
&
Zellerbach Corp
General
27%
•
*
25
Corp
Sou
&
Continental Motors Corp
Electrical
}
for Week
93ar- 9%
*
—
—
" a46 Va a46 V2
20
(Un)
Solvents
Chollar
Dresser
Sales-
Week's
Sale Price
•* 'i "/•/
80
7% Mar
a44% a45%
Corp
1
Consolidated Vultee Aircraft (Un)-.—1
detroit,
'
Laet
Electric
a40
al2
1
Consolidated Engineering
Exchange
Friday "
Allen
a39%
8c
12%
__
—
Consolidated Edison Co
Crown
1
Feb
.10c
Colorado Fuel & Iron Corp common—•
Commonwealth
Chicago Stock Exchange
STOCKS—
Feb
21%
a9
Corp
Continental Oil Co (Del)
;
Jan
5%
20
6,200
6
•
8%
Service
? Creameries
'• ;■
6%
225
9%
a0
♦
Corp (Un)
Commonwealth Edison Co (Un)
<
i.:
Jan
8%
1
Products Corp
Preferred
Telephone: WOodward 2-6525
i
3c
a46 V4
-25
Columbia Gas System Inc
1"
"
*
,
2%c Mar
3c
Feb
74
j
„
Feb
Jan
1,000
'
9
__
-25
(Un)
(Un)
Co
Caterpillar Tractor Co (Un)
Jan
Cessna
Exchange
'
8'A
33%
46
a24% a24%
a24 y8
Apr
13%
10%
63%
7
.
-■
34% Mar
Apr
30% Feb
6
"
Co
Case
25
a66% a67%
Members
\
Jan
7 Va
200
9%
Packing Corp common-
Commercial
2
"f
890
•
Calumet Gold Mines Co—;
watling, Lerchen & Co.
Ford
Jan
a34
3c
*'
•
Canadian
;
'*
18 y4
31%
3c
—
Jan
■>
>
Feb
'
2.50
Company (Un)—-—10
Clary Multiplier Corp—
1
:
Jan
Jan
32%
700
47%
' 7%
—5
—
(Un)
Co
Chrysler
L
Jan
21
Feb
15
16
15%
4%
17% Mar
42%
143
.
7%
30%
—15
Jan
Cities
■
Jan
12 " apr
Feb
2.55 Mar
1,100
18% al8%
—2
5
1
Jan
166
12
•
k
10%
50
Jan
*
•
7%
a34
5
—•
Broadway Dept Store
Jan
1
Exchange;
95% Mar
Mar
6% Feb
30%
33 y3
(Un)
(Un)
Borg-Warner Corp (Un)
Jan
•
•
.
a46% a46%
15
90
Feb
r
2.70
2.65
2.70
6%
670
all% all%
—5
—
17%
common (Un)
——*
25
6%
—10
Boeing Airplane Co (Un)
Chlca Oil Corp
382
43
a23% a24 %
-—.1
6'A
,,
(Un)—13
Bolsa
27%
Iron
Detroit Stock
Jan
525
Corp
Corp
24.
15
1
Steel
,
150
30%
Appliances Inc
Steel
Mar
-
-55*
Dorn
New York Stock
145% Mar
Apr
Jan
26%.,
common.
23>/a Mar
:
15%
a23% a23%
U s
'■
Feb
977
145% a 146 y4
14%
Mar
Jan
28%
Van
!
54
8>/4 Jan
13
(Un)—30
10
Co
Works
Blue Diamond Corp
Jan
13%
i
Sheet & Tube
49% Mar
-
Mar
4%
Feb
,
Publishing
15
Jan
10 %
28%
10
Motor
110
190
20c
Mar
90
21%
Works
10
10
13»/4
*
30
(Un)
Co
10
390
al5%
common
10
25%
Co
California
,
Jan
30
Company
Corp
Oil
27
/•
\t■
Jan
9% Mar
Jan
7
25%
xU'A-
Petroleum
Bros
34
4
3%
*
Oil of
"700
;•
(Un)—
Locomotive
Basin Oil
Feb
all% al2
*
Bros
9%
13 y4
Top & Santa Fe Ry
94
a22 % a22%
3%/
50
;—-—*
-—
Jan
a48ya a48 Va
14
_—
Borden Company
j Union Carbide & Carbon.——
.
Apr
2%
28%
*.
Feb
27ya
—
—
100
(Un)
(111)
160
4%
(Un)
Manufacturing Corp
Jani
Jarf-
41%
'.V
.
2y4
115
"
„
(Un)—•
(Un).
Co
Corp
Co
125
-36%
'4%,.7
•
——
t
Standard
World
3%
Apr
75
i
10
36
1
—*
—
500
9%
San
Copper Mining
Steel
Armco
Jan
29
Woolen
29
,
29
36
1
Mfg—
(Un)
Richman
White
High
-
3y8Mar
350
2%
2%
a27%
IIIIl
(Un)—
Smelting & Ref Co
American Tel & Tel Co (Un)
62%
.
Apr
43 %
4
Pennsylvania RR (Un)—
Republic Steel (Un)—;—f
,
3%
a27% a28 Va
2%
*
—
American
50% Mar
56% Feb
152
75
*
RR (Un)
.
f
Range Since Jan. 1
Low
High
3%
•
1
—
(Un)
Mfg
American
Apr
Jan
Feb
43%
_*
B
Cement
—
&
Central
Patterson
Jan
Jan
5
13%
47%
—
——10
class
Portland
Oil
1% Mar
1%
for Week
Of Prices
Friday
Mar
1
87
13%
'
Ohio
10% Mar
Sales
isMri
Sale Prise
STOCKS—
46'A Mar
;
Jan V
179
1 ■'
15
86
^
*
Sessions
(A G)
i
300
Angeles Stock Exchange
Jan
Apr
Apr
Los
Black Mammoth Cons Mng Co—*„_10c
Y
2% Mar
Feb
1
—
Jan
25
2
0
Laughlin Steel (Un)
National
22% Mar
11%
11%
1
common
Wayne Screw Products
Jan
Jan
1,804
—-—"
—;
Rayon
Metropolitan Paving Brick
; N
Jan
Jan
31%
515
Jan
22%
3%
Feb
150%
38.%
18%
37/a
5
Mar
Jan
72%
28% Mar
Jan
21/4 Feb
High
200
111
24i/a
1
common
Corporation
Warner
240
a57% a59
5
Kelley Island Lime & Trans
i
2% Mar
300
/20%
10
B
Die
Udylite
Range Since Jan.1
73%
2.00 Mar
1
I
class
Tool
Timken-Detroit Axle
13%
Jan
Feb
5
—
W)
Barnsdall
•
1%
95c
2
Brewing
(H
Scotten-Dillon J
1,679
100
C.-J,—-—..
k.
Co
&
1,887
43'A Mar
55
•
McKee
536
1%
Jan
143
Jan
1%
1%
Jan
69
Feb
1%
1%
1%
69
al46'/+.
Feb
1%
1%
40%
Shares
Feb
Jan
1
505
M
1
Lam son
1%
38
'
•
—100
(Un)J
Inter lake Steamship
Medusa
100
300
14%
—
*
com
common
Jones &
>
1%
Mar
36
:.l
Oil
Chemical
Atchison
T
1%
2%
2
•
Preferred
Industrial
305
2%
10
10
t
Lakes
86
25
(Un)
common
Glidden Co common (Un)
Harbauer
37%
28%
a47 'A a47%
-»
2
i
Bros
37%
2%
a29% a29%
*
Halle
Mar
8%
2%
al89'Aal92%
—
20
Nemours
Manufacturing
Eaton
Great
6
Apr
201/4
a42% a42%
15
common...
(
,
Jan
Feb
5%
2%
72%
15
,
General
19%
5»/4
816
*
3 % ti*
%.
Gas (Un)
Natural
Chemical
Pont
14
850
6%
2
—
American
Du
479
51/2
5%
"
Consolidated
Dow
Mar
141/4
5%
1
15,/a>#ay
38 y4
14
5%
Parke Davis
,13%
common...*
Jan
Apr
Peninsular Metal Products
28%
wi
Rights
SVk
7%
Jan
196
1
Feb
Jan
Jan
32%
«'v-
3%
5'%
Jan
28%
1334
690
74%
32'/4
•
Jan
Feb
3,075
:
.
7%
26%
Higher
al46
*
61%
10
—
National Stamping
Packard Motor Car
Sales
3V2
■-
4
Feb
6y« Mar
Jan
for Week
15 */8
25
Jan
21%
26%. 26%
.—100
(Un)
56%
.6%
1
Products
McClanahan
Exchange
Low
1
304
58%
Feb
Range
T_5
Ohio—-
Chesapeake
i
__
Feb
Feb
130
of Prices
50c
(Un).
Body
Products
Home
6
65%
Week's
Last
American
100
1Q
72%
Sale Price
__
-
10
:
S)
Wines
Standard
Brass
6
23%
w
41%'"
Cleveland Stock
Bearing
(S
River Raisin
Akron
9 V*
55
41%
Par
Mar
,
1
Masco Screw
'
Jan
.14
•
_~vr
STOCKS-
8
186
72%
Steel
15 Vs Mar
LaSalle
&
,
18%
68 Vs
-
68%
—
*
25
10%
.10
6%
906
Jan
28%
5% Mar
8%
4
7%
1
common
High
650
58 y8
1
Corp
Brewing
59 %
23%:
—
(N
I Standard
U S
37%
15%
—
Brands
i Standard Oil
,
Feb
35
10%
——
Socony Vacuum Oil
'5 Timfcen R B
Apr
Low
5%
6
.6
10
28 %
12%
Oil
10
30
Motors
12
Corp
Standard
General
1
—
Range Since Jan, 1
High
8%
8%
class B new..•
common;
34.
28%
__
Pepsi-Cola
Jan
Jan
Finance
Shares
5%
1
common
58 Vs
J
—
—
Pennsylvania RR
28%
367'a
58%
_
Register
Central.
York
Ohio
287/8
-
Electric
National
General
Goebol
Dayton Power & Light-
'
IV2
Industries
Gemmer Manufacturing
Apr
26%
i
f General Motors
3%
Gar Wood
for Week
ef Prices
Low
Par
Jan
10
9%
_
37 7/8
Sales
Range
-
Sale Priee
STOCKS—
High
53
3%,
Week's
Last
■
Low
45V8
11%,
n>8
,
8
Range Since Jan. 1
High
28%
Gas
APRIL
Friday
Shares
44V4
Fuel
&
Columbia
Low
__10
ENDED
for Week
of Prices
Par
Cities
WEEK
Sales
Range
Last
STOCKS—
FOR
100
2%
50c
18%
Oil
Co
Hotels
Corp
3
Jan
Holly Development Co
Jan
70c
Mar
Hudson
20%
Jan
Hunt
Motor Car
Foods
Inc
Co
.1
2.70
all%
—
6.66%
'
114
'•
121
100
9
Feb
Feb
118
;
Jan
9% Jan
a8%
rO
Feb
Feb
114
class A common.
a8%
50
2.70
2.95
2,200
2.70
Apr
all% al2%
92
9%
Feb
13
Jan
150
b y*
Feb
11%
Jan
9%
9%
4%
Jan
35
36
& "FINANCIAL
COMMERCIAL
THE
(1592)
FOR
4
■
We«k'i
Rsnre
of Prices
Friday
,
Low
Par
_—25c
33Vbo
Independent Exploration Co
Intercoast Petroleum Corp——
—
High
Low
High
2c
v
2,000
14
10,180
7%
Feb
1.40
2,300
1.00
Feb
14
—*
Corp <Uni___
International Nickel of Can Ltd
Iron
(Un)_»
—
15
Tel & Tel Corp (Un)_—♦
International
Apr
Sal© Price
\
-L-
International
1
•
.—5
5%
1
23(4
(Un)
Co
Paper
—
Jan
13%
Jan
American
28
Feb
31
Jan
Arundel Corporation
130
a48% a49%
10%
11
49% Mar
Tel
Tel
&
470
8%
Jan
11
Kennecott
Corp
(Un>_
Corp
Copper
County Land Co
Kern
5%
44%
41
945
23
a8%
—
41
6%
44%
41(4
5%
Apr
9
Jan
56%
515
Feb
46(4
Company
.
2314
a8%
440
26%
Jan
22%
1.15
1.15
1.20
Loew's
21'4
16%
630
—
21 '4
16%
25%
22
16%
20
Aircraft Corp
(Un)
Inc
25 %
380
Angeles Biltmore Hotel Co
Los
)
./
.
Magnavox Co (Un)
Menasco Manufacturing
.
...
—-1
1
Diablo
Mt
Mining
(Un)
Nordon
1
Ltd
Corp
% 1,000
—
al3
..
North
American
Co
(Un)—1
10
Aviation Inc
American
Pacific
Northern
(Un)
Apr
Eastern
Sugar Associates
Apr
Electric
Storage
Jan
Fidelity & Deposit Co
17%
22
Apr
Feb
General
2%
Jan
100
(Un)
Co
Ry
Jan
Lehigh
Feb
17%
'Mar
59
Feb
1.60
Northrop
Oil
Ohio
1
1
30c
Co
1
1.90
(Un)
*
Aircraft Inc
Petroleum Corp
Oil
Oceanic
Co
—
v
—
19
Feb
Motors
National
13(4
500
11c
20c
Mar
510
9%
16%
Jan
215
11%
Feb
275
14% Mar
15
68
11%
41c
300
30%
27'4
26%
—
_j
32%
Packard
Motor
Car Co
(Un)_—
—
Corp
40%
19% Mar
Scott
33%
8un
Jan
Feb
Vi Mar
A Feb
30%
Feb
32%
27%
Apr
Airways Corp
American
Pan
(Un)—2%
(Un)
ii-—1
26%
Apr
28%
Jan
51
Feb
53%
——50
(Un)
Pennsylvania RR Co
'
40%
Apr
3%
Feb
4%
Inc
Pullman
Oil
Pure
i
■
Co
'
'
-
300
20
Mar
15%
245
15
Mar
245
8
Jan
33%
10%
12%
of America (Un)
*
Radio-Keith-Orpheum Corp (Un)——1
Republic Petroleum Co (new)—
12%
5
'
Co
Republic Pictures Corp
Republic Steel Corp
(Un)
50c
(Un)
5
3%
11%
11%
Jan
75(4 Mar
56%
125
Feb
13
62%
*
Mar
830
Feb
17%
Jan
Apr
in
9% Mar
-
Jan
11%
11%
9% Mar
10
*
Jan
■it
iV.
12
7%
8%
1,894
6%
Jan
19
18%
19%
1,637
17(4
Jan
19%
Apr
15%
15%
16%
1,663
14(4 Mar
17%
Jan
36%
36%
32%
37% Mar
1
8
*
•
com
^
% Mar
225
156
34
33%
•
8% Mar
Feb
33% Mar
22%
21%
22%
4,334
25 %
24%
25%
217
30%
*
—3
El
&
Gas
■?
•
com
30%
31%
919
34% Mar
20(4
Jan
22%
23(4
Jan
25%
Feb
30% Mar
:
40%
Jan
Jan
22%
21%
22%
595
20
Jan
23
27%
27%
28
599
26 %
Jan
28%
21%
•
common_
Oil
50
_
20%
21%
462
19%
Feb
23%
Jan
11
Jan
1
Corp
53
United
1
Corp
—
49%
212
46%
59%
131
52
%
%
30
%
3%
857
2%
Jan
18%
■
United
Gas
1
3%
2%
—13%
Improvement
21%
20%
21%
33
33
Inc
10
—
BONDS
Baltimore
Transit Co
Mar
Feb
Jan
49% Mar
Feb
60%
Feb
4s
le
Jan
3%
Apr
1975
Jan
25%
Feb
32
Apr
11%
14
Jan
Feb
9
""(Apr
Mar
3%
1,300
2%
271
23%
Feb
21%
Apr
30% Mar
25
37%
Jan
54%
61%
Feb
39
$6,000
37%
Apr
45
.3,500
44%
Apr
Feb
Pittsburgh Stock Exchange
"■:/
V •'
••V '
V
;
V
.
'
V
6
Mar
Week's
Last
;
Sale Price
Ludlum
Blaw-Knox
Low
Steel—
:
•
I
r
Shares
•!,'•'
'
'
''
1'
-V 'w\ '
Range Since Jan. 1
Low
High
22%
40
—
<
High
22%
Jan
3%
Feb
27%
5%
Jan
Follansbee Steel Corp
1,127
4%
5
Jan
Harbison Walker Refractories
15
19 %
Jan
19(4
Jan
Joy
25
Jan
30%
Apr
Lone
Feb
6%
Jan
Mountain
;
Apr
26%
Jan
315
12% Mar
"v'14%
Mar
289
10%
9%
450
19%
25
;
Jan
11% Mar
Jan
3% Mar
■' •'
11%
9%
T_
14%
11%
13%
•
System
22%
13%
19%
Co
Gas
•'/•.
for Week
of Prices
Par
Allegheny
Sales
Range
Friday
"
STOCKS—
Jan
8
840
5,525
Feb
»6
1,334
569
44%
—
Jan
34
13
v
37%
—1975
;.
-
I—'.;-;
.
Jan
20%
Feb
1,530
-
Mar
7
49%
•
I
101
58%
_
Mining
7%
7%
»
common
Co
al6% al6%
„
1
—
Feb
Jan
17% Mar
a23% a23%
__
•
Reserve Oil & Gas Co
19%
Jan
11%
1,476
13%
10%
common
preference
Paper
Oil
Columbia
,
59%
10%
common
11% Mar
32%
50
9
5%
-
9
„
1
57%
16"%
Jan
17%
.1
.
Radio Corp
51 %
Mar
Apr
24
Jan
42% Mar
123
32
—
8%
270
33%
31
*
—
*
(Un)
405
10% 10%
a39%
a41
al7 a 17(4
a39%
al7
—•
(Un)
10%'
22%
15%
—
Apr
72
—
common
Apr
Jan
300
4
—
33 %c
25
Puget Sound Pulp & Timber Co——"
Pepsi-Cola
Co
(Un)
Phelps Dodge Corp (Un)
12% Mar
43
177
17% Mar
Jan
40 %
10%
—
Apr
535
74(4
Feb
7%
16% Mar
Jan
22%
__
25
43%
72%
11%
5s series A
Paramount Pictures Inc
11%
43
«
common
dlv
Tonopah
28(4 Mar
735
40%
3%
Power
Service
Dome
30%
90
„
1,225
13%
com
Electric
Reading Co
18% Mar
260
—
•
18%
*
Jan
112
<
a52% a52%
L_
•
10
17%
10
Light
preference
Westmoreland
Pacific Lighting Corp common™'
Pacific Western Oil Corp
——
Jan
45
—-4-5
&
Water &
dlv
$1.40
Jan
100
f■
27(4
26%
,
57%
Feb
182
10
Public
Jan
2.65
Feb
25%
>
7,611
preferred
Feb
5
901
6%
17%
11%
50
$1
Mar
Apr
1.90
4,202
%l/(>
51
52%
6%
'
JS
30%
25
5% preferred —————-,4—.—25
5% red preferred
—4-4
25
5
Jan
'
32
*
9"%
Jan
17
Feb
25c
800
10,430
19%
32
Feb
73%
Corp
Power
Philadelphia
Jan
17% Mar
*
Feb
7%
420
7%
8
30c
33c
1.90 2.30
a28% a29%
19%
25
Feb
8
43
•
Pennsylvania Salt Mfg
Jan
31 >4
10
85
Jan
19%
of Calif
Gas & Elec common
9%
16
18%
Corp
Pennsylvania Power & LightPennsylvania RR
Mar
10% Mar
Rights 4—i.—i?
Pacific
2.50 Mar
11% Mar
.
17%
10
com
new
Pennroad
Jan
Salt
Pacific Finance Corp
129
230
51%
1
com
Battery
Coal & Navigation
(Glenn L)_
Philco
Occidental
2%
12%
2.10 Mar
14%
12% Mar
93
al3
15
—
Feb
9%
'
51%
-13%
Gimbel Brothers
1.90
Feb
540
10%
10%
al8(4al8%
—
al8%
8%
58%
Delaware Power & Light com
Penn
North
Jan
3
2%
•
0000m
16%
52%
190
al8% al8%
11%
12
11%
Jan
3.25
11%
'
'
'
*
26%
1%
135
1.85
12%
1.85
12%
al8%
(Un)—•
0
(Un)
York Central RR
Jan
12%
1
Jan
1.10
1,080
a55% a56%
—"
1
2%
.
_
Co
Corp.
Chemical
11% Mar
>4,590
—
5
—
Distillers Prod Corp
National
New
Dev
&
a55%
(Un)—•
1
Ward & Co Inc
Oil
Nash-Kelvinator Corp
Corp
Publishing
Davison
Martin
Montgomery
Jan
14%
11%
.
—
Jan
1.45
Jan
14%
70
2
1.15
—
150%
"II100
vtc
Jan
16%
25
Jan
12% Mar
563
J
2
1.10
__
Curtis
8% Mar
1.15 Mar
375
all% a 11%
all %
1
—
Co__.
Co
Petroleum
Merchants
—
Jan
8
1.900
—
Lincoln Petroleum Co
Lockheed
25
7
10c
.—I
*
(Un)
*143%
13%
11%
*
v t c—,
com
preferied
Chrysler
Lane-Wells
Libby McNeil & Libby
1,948
12%
24% Mar
Jan
Feb
40%
1st
Jan
—
Budd Company
Jan
44% Apr
510
5%
21%
13
Works
High
239
145% 146%
145%
'I'
Range Since Jan. 1
Low
24%
*
Baldwin Locomotive
Apr
Shares
High
23%
23%
49% Mar
Baltimore Transit Co
Kaiser-Frazer
Low
•
-
13%
50
-
of Prices
Par
1.50 Mar
100
al3% al3%
a28% a28%
—
for Week
Last
STOCKS—
American Stores
Interlake
Sales
Week's
Friday
7%c Feb
Jan
5c
1.30
...
Philadelphia-Baltimore Stock Exchange
Range Since Jan. 1
Shares
5c
12%
12%
10
Imperial Develop Co Ltd
8
for Week
Sale Price
APRIL
ENDED
Sales
Last
STOCKS—
WEEK
Monday, April 11, 1949
EXCHANGES
OTHER STOCK
RANGE
CHRONICLE
4
268
4%
3% '
„
Apr
Duquesne Brewing
5
common—
new
__
_
9
Feb
10
Feb
24%
Jan
Apr
10%
Jan
Mar
23%
Jan
19 (4
Jan
8%
Rexall
Drug Inc
Rheem
Manufacturing Co..
——„2.50
4%
4%
1
Feb
Manufacturing
*
30%
29
30%
2,536
Ryan Aeronautical Company
1
6(4
6(4
6%
200
5
(Un) __-u._l.75
19(4
19(4
19(4
235
17%
Jan
19%
Jan
a26%
a26%
a27
175
26% Mar
27%
Jan
18(4
18%
1,055
16%
Jan
19 (4 Mar.,
Pittsburgh Plate Glass
41
41
200
41
Apr
41
Apr
Pitts
37%
37%
601
34%
Feb
39%
50
402
46
Feb
50%
Feb
United States Glass
31%
Feb
38%
Jan
Vanadium Alloys Steel.
Safeway Stores Inc
Schenley Industries
Finance
Seaboard
Seaboard
Oil
Inc
of
Co
1
Co
Del
;
„
(Unl—__
Roebuck & Co
Sears
*
__
5%
*
.30
Shell Union Oil Corp ———15
Signal Oil & Gas Co new class A.
*
<
Oil
Southern
Calif
Edison
20c
2,000
18c
23%
22(4
23%
3,663
19%
Feb
15
16%
16%
16%
552
15%
Feb
17%
11%
111/2
12(4
240
9%
Feb
12%
;,
preferred
$3.50
30%
30%
978
29%
Jan
30%
200
27%
Apr
29%
4.56%
a28% a28%
50
28% Mar
29%
26% Mar
29
brewing
Screw
Toy
&
:—.25
preferred
—25
preferred
25
Calif Gas Co
Southern
Feb
21%
Jan
24%
Apr
20%
1,335
18% Mar
233A
Jan
234
Jan
6%
Pacific
pfd class A
; '
27
'
27(4
!
20%
26% Mar
Feb
39% Mar
..
23%
24"%
664
24%
34%
34(4
271
34%
Feb
Oil Co
Standard Oil Co
;.
•
(Un)
*
Calif
of
42%
375
41% Mar
49%
34% Mar
17%
•
(Un)
25
(Un)
.25
4%%
&
Texas
••
vtc
com
(Un)
63%
Jan
1
63%
10
Corporation
California
RR
a53%
.<•
Co
(Un)
Brown
r' 56% Mar
67%
Clinton
Jan
Emerson
16%
Feb
21%
Jan
Falstaff
18%
208
11(4
1,194
9%
Feb
19(4
125
17%
Feb
a30
75
287/a
Jan
Kamp's (H D)
(Un)
160
Bakeries
(F W)
Co
Jan
898
28%
Feb
34%
Jan
12.50
22%
22%
23%
263
22%
Feb
26%
Jan
;
I
Par
Feb
20%
Feb
864
223%
2,338
12%
200
70
20
Mar
315
Feb
General
r
Mining
.'*•
footnotes
a 79
(4 a80%
Motors
54%
'
64
25%
Jan
Huttlg S & D
Hydraulic
10
Jan
12
10%
Feb
-Mar
Feb
Feb
9%
Jan
29 % Mar
31%
Jan
9%
6%
(Un)
common
4
Jan
30%
Jan
113%
Jan
23%
Apr
Feb
27%
Apr
40%
112
170
36%
37%
295
35(4
Feb
59%
24%
290
56%
21
21(4
975
29
30
250
27
27
41%
21
6
Mar
Feb
27(4
25
Apr
57"%
37%
58%
1
17
9%
6%
77
24%
•
Brew
25
6%
29%
29%
10
(Un)
9%
29%
112
112
27%
27%
112
1
common
&
^_5
Brick
Shinkle
Key
pfd—
29
,
50
commoni_
'
„
•
,
42%
—*
common
*
42%
Jan
Feb
62%
Feb
24% Mar
28%
Jan
19%
5
Jan
22%
Feb
Apr
39%
F«b
21
Jan
28
40%
Jan
44%
Jan
8 %
Apr
10
Feb
35
8%
,
''29
480
9
100
8
y
—
"
common
37
Feb
41%
Jan
Laclede
Gas
25%
Feb
31% Mar
Laclede
Steel
217
78%
Feb
86
8
5
common
common
!,
1
8
250
50
1,015
8
Mar
6%
30%
'
Mar
8% Mar
12% Mar
13%
6%
13%
6%
5
31
85
30
Mar
30
16%
100
16%
14
Jan
30(4
16%
—
4
20
common
Mar
67/s Mar
34
Jan
Feb
17%
Jan
Apr
18
Jan
Jan
100
22%
Feb
26%
Apr
224
11%
Feb
14
Mar.
Midwest
3
3(4
900
2%
Jan
3%
Apr
39
39
536
38% Mar
39%
Feb
__
7234
7274
772
69%
Jan
77%
Feb
38%
37%
38%
625
35
i
Feb
41
Jan
ll>/8
iiy8
100
11(4
11
11%
7
6%
7%
10% Mar
2,400
."
al6% al6%
•
\
42.
Jan
30
9
29%
100
Johnson-S
9%
Feb
2,250
5(4
Feb
70
common
*
Missouri Portland Cement.—
American
Rice-Stix
2nd
com
—
(Un)
21
17%
18%
*
22%
18
22%
19% Mar
21(4
Feb
10
16
Jan
18(4
Apr
15%
Jan
22%
Apr
18%
81
23%
140
127
5
21
127
50
127
21
»
50
21
18% Mar
25%
Feb
127
Apr
22
Apr
Mar
11% Mar
11% Mar
7%
Apr
14% Mar
Louis
Car
10
common
St Louis Public
Sears
Roebuck
Service
&
class A
•
*
37%
Apr
5%
5%
300
4%
Jan
5"%
Jan
37%,
38(4
207
34%
Feb
39%
Jan
31%
50
Co(Un)
31%
55
31%
Apr
96
96
15
96
Apr
75
12%
Apr
14% Mar
Invest
com
360
22%
Feb
26%
Jan
365
45% Mar
47%
Jan
Sterling Aluminum
4c
14,000
3c "Jan
4%c
Jan
Wagner Electric common
•
21
17%
10o
45 %
"
16%
21
lo
common
23 %
3%c
16%
__
25
preferred
45%
*
com__:
16%
16%
*
common
23(4
"
1-„10
;
Piping & Supply
Securities
page
150%
13 % Mar
21
26%
—10
.
Feb
Feb
•
13%
—
-
High
16
143
1
common
Shoe
13(4
1
10c
i
35
625
10
common
pfd
Pressed
26%
__
»
(Un)
Range Since Jan. 1
Lgw
16%
16%
3
common
—
<
Shares *
High
Jan
Mar
McQuay-Norris
Meyer Blanke
_5
Co
see
*
Sales
for Week
145% 146%
15
common
common..
—
-
Low
'
16%
Electric
Shoe
1,630
*
>
of Prices
145%
common
Laclede-Christy
•
31%
Exchange
Week's
Range
Sale Price
common
Brew
General
30
St
(Un)
(Un)
Apr
Apr
30%
1
Electric
General
Jan
19%
Feb
58
11%
30%
*
(Un)
Westinghouse Elec Corp
Gold
49
40
a22a22%
—
10
Air Lines Inc
Western Union Tel Co
Mar
29%
100
Industries
11%
.
'
12%
30%
10
I
Warner Bros Pictures Inc
6
34 34
29 3s
common
Grlesedieck-Western
11%
—
5
Universal consolidated Oil Co
Wool worth
Shoe
41% Mar
22%
11%
10
Corp
16c
33% Mar
Jan
North
States Steel
Jan
0
Tel (Un)
&
Bldg & Eqpt
72%
a62 a62%
22%
—50
]
States Rubber Co
For
Jan
Feb
a52% a5374
__
common—25
Corp (Un)_;
—
21%
19(4
—
2
(Un)
United Aircraft Corp (Un)
United Air Lines Inc (Un)
'
Jan
45
Feb
a37% a38%
Zenda
Bank
65%
a37%
of
Pacific
Western
Feb
37%
Union Carbide & Carbon Corp (Un)__•
de
37 %
*
372
—
Van
Tel
272
*
United
Invest
American
40%
5
United
"
874
Twentieth
United
■
.
Transcontinental & Western Air
Oil
Feb
Jan
8%
Feb
Mar
5
95
34
35%
•
Feb
6c
100
33%
Apr
Jan
7%
4,500
6
6
STOCKS—
International
Film
11c
10c
33%
_0
Last
Jan
10%
__
23
•
Century-Fox
150
Friday
Jan
a29%
10"%
23
—,
25
Transamerica
8%
St. Louis Stock
American
18%
__
•—
Union
478
■
18(4 al8%
40%
aG8%
1
common
preferred "B"
Co (Un)
Company (Un)
Gulf Sulphur Co
/Union
8%
.1
_
.
Westinghouse Air Brake
Westinghouse Electric Corp
a67% a69(4
__
(Un)
Tidewater Assoc Oil Co (Un)
Texas
a
__
(Ind)
; Swift
"
v
a34% a35(4
al8%
Standard Oil Co (N J)
! 8unray Oil Corp
29% Mar
1
Mining
Century Electric Co
Studebaker Corporation
28
456
Jan
35%
42%
„
—"
Railway Company (Un)
Standard
260
Mar
24%
„
25
Company
Standard Brands Inc
428
29%
32%
0
Corp
2(4
2%
29%
32 (4
2%
■
Southern
'.
35%
138
29%
...10
;
■
110
24%
26% Mar
-
—
4.32%
,
39 %
32%
0
—
Bolt
Jan
__
.25
_
4.48%
So
»
common
preferred
Jan
522
10
Supply
Feb
__
com—25
preferred
Fuel
Jan
27%
_
Apr
27%
Gas
Jan
——1
Ltd
Co
25.":
.
18c
.1
.„
4.88%
25%
*
Co
a35% a35%
670
Corp.
Aircraft
a35%
!■
25%
Socony-Vacuum Oil Co Inc (Un)
Solar
49
-
25(4
Signal Petroleum Co of Cal
Sinclair
!
Star
Pittsburgh
San
Security Co
;
'
8%
21
Jan
48%
38%
23%
45
23%
38%
.—10
210
22%
20
"III 1
Co
Richfield Oil Corp common
9V4
22%
0
com.
Preferred
_______
common
*
;
___100
r
1
^_15
96
12%,
12%
12%
39
39
39%
,
32% Mar
96(4 Mar;
-
15
Jap
46
Jan
"
372
37% Mar
Volume
169
Number 4793
COMMERCIAL
THE
&
FINANCIAL
OTHER STOCK
RANGE
Week's
Range
Co
Juneau
Sale Price
of Prices
Alleghany Corp
American
Airlines lnc
Amer
Power
Radiator
&
Shares
Low
High
a20% a20%
20
20%
Feb
2,200
2%
Jan
3%
25/'a
300
2Va
Feb
2%
9%
Jan
10
Apr
22
Jan
Fen
10
Mar
i
9%
9%
700
7
19
60
19
9%
97/b
200
13 y4
13 y4
230
19
(Un)
San
Co
(Un)__
a46 Vb
(Un)„•
a457/s a48'/a
100
145 vb
14
»
__50
a30 Va
20
31
Anglo
Aichison
Atlas
Co
&
Corp
Atlas
(111)
Top
7%
Imperial
26
Matson
(Glenn
Diesel
Mfg
Mindanao
M
J
&
115
30»/2 Mar
31
Feb
11%
11%
626
11% Mar
18
Jan
a21% a21%
50
23%
Jan
10%
10%
215
9%
Feb
11
Jan
15y2
'
3,260
11%
Feb
16Va Mar
1.90
1.90
2.05
625
P10
27c
27c
28c
18,900
22c
Jan
35c
Jan
19c
20c
3,200
17c
Feb
22c
Jan
...5
M
Lode
Cons
Locomotive
Portland
Feb
Montgomery
Jan
20
59 %
Feb
26
27
7%
Feb
Jan
Jan
31 y2 Mar
6%
180
1,347
1
of
Bendix
Aviation
Bethlehem
N
a23
Feb
5%
5%
29c.
1,200
6 %
150
all% all%
20
13
(Un)
100
a9%
100
A
297 V2
a9 y2
102
20% Mar
2,315
29c
6%
7%
Jan
102
75
3
RR com
California
a227/8
a23
Ward
&
Distillers
6ya
70
15
295%
(Un)
Holdings Corp (Un)
Airplane Co (Un)
Co
(Un)
Bunker
Hill
&
American
North
American
American
Oahu
10%
9'A Mar
355
Mar
Sugar
Jan
Occidental
Jan
Oceanic
34
310
32%
Jan
34% Mar
California
1,000
30 y»
Apr
33%
Jan
Oliver
8%
7%
8%
2,000
14'A
California
Ink
Calif Oregon
,
7% Mar
Calif Pacific
2.25
2.60
6,073
a24
a24
20
21 Vb
Feb
24
a39% a40%
99
'. 40%
Feb
40%
a46 'A a46y4
*17%
23
'
Gas
6%
5%%
Celanese
i
Central
Corp
I referred
6
Jan
8%
Apr
$5
Jan
7%
Jan
Pacific
30
44
Feb
Pacific
Public
109
109
36
109
6%
6 v4
10
*
8V2 Mar
Mar
5
46% Jan
~y
109
a33%
a33% a34%
Apr
6V4
Apr.:-
6'A
Apr
V
30
9
Feb
36 ]A
Jan
Feb
56
a26 Vs
12%
120
12
Mar
58y4
520
54
Feb
a26'A a27'/2
1.40
25
1.35
a32 Vb
a7%
335
1.50
14%
V
a32 Vb a32%
a6%
52
a45
3>/3
' 425
a7'/4
%
Tel
Packard
16%
Jan
34 y2
8V8
110
30%
Feb
32 y2
a
51%
Feb
57 V4
Commonwealth
'
*
Edison
Southern
(Un)
17%
135
45
42% Mar
27
475
28
16%
Feb
18y2
Jan
20
22 %
Jan
22V4
Jan
225
10%
Jan
11% Mar
11%
25 V2
Jan
Consolidated
;
Vultee
Motors
Oil
(Del)
v
17%
20
3%
400
Creameries
Crocker
Crown
of
Co
2%
26 V4
170
25%
Jan
26%
201
35
Feb
i-yy
23
Amer
First
Natl
Zellerbach
lnc
Bank
Corp
Corp
Cypress Abbey
Co
Di
$3
B
class
common
A
Chemical
Co
1,247
9%
9%
3,300
70c
70c
100
11
11
11'A
456
ioy2
»
-■
:*
762
yv"
4%
10
500
25
1,180
a47% a47%
30
24%
25
15
50%
4%
-
(Un)—«
11% ;.'7
50 %'
—
Kodak
Dorado
Electric
Oil
Bond
Emporium
Co of
N
J
(Un)
10
32%
Jan
Apr
29VA
Jan
Apr
2&%
Jan
52 »A
52%
960
50%
Feb
54
Jan
Cement
Capwell
Co
Eureka Corp Ltd
;
Food
&
Radio
General
Electric
General Foods
Geneial
Co
(Un*
a45% a46%
4%
State
Ltd
Goodrich
Hale
Stores
lnc
Keith
Orpheum
Equipment
Preferred
Jan
Oil
Hunt
Foods
Maryland
Idaho
Power
Tel
IXL
&
Kennecott
Kern
—
•
21%
Jan
32%
Jan
34%
Jan
Feb
32%
Apr
12%
745
11%
Feb
14%
Apr
Mar
7%
150
8
212
55
62
50
a26ya a26ya
10
8
t
55
__
"
Jan
57
Jan
26'A Mar
28%
Jan
31% Mar
34%
Feb
Jan
25
Jan
Feb
25%
Jan
,7%
Jan
68c
Mar
9%
75c
9%
Feb
9Vb
Feb
40
12%
S
4%
Apr
Jan
Jan
6
;
.
———♦
Corp—
Co .class
—
30%
(Un)__•
A
29
__
1
Bros
__
Jan
24%
Apr
28%
47
Feb
48 y2 Mar
Jan
Inc.
Stores
Portland Coment
Cruz
Sears
Union
—
Signal Oil & Gas Co cl A__
Oil
(Un)
Corp
34%
885
39
Jan
Southern
%
500
Jan
preferred
4.48 %
.1Conv preferred 4.88%
So California Gas Co pfd
:
33
Feb
%
i;
Feb
1%
2,075
1
Mar
iv2
Jan
a23'A a23 %
175
24
Mar
28 y2
Jan
36
Feb
39%
Jan
Jan
30%
Apr
Jan
Apr
11
Jan
12%
400
16%
Jan
19 y2
75
22%
16'A
26'A
23%
lG'A
26'A
25 Vb
29
.
88
Feb
Jan
11c
6c,. Feb
Mar
Mar
30
Jan
32
34%
Feb
39 Vb
31
Feb
38 V2
Jan
Jan
25*A
312
20 y4
Jan
25% Mar
23%
2,048
19%
Feb
23%
1,588
15
Feb
1,160
23 % Mar
16%
28'A
Jan
17ye
Jan
23%
-
Apr
J an
"
'
25
25
25
A—.25
25
29%
Jan
30%
147
24%
Apr
25%
122
26'A Mar
29%
Jan
100
27'A
Apr
28%
Jan
166
34
Feb
35%
Jan
443
30%
—
;
.'
pld
30%
24%
27 Vb
27'A
24%
21 Vs
27'A
__
<Un)__*.
Calif Edison Co com
4.32%
Jan
41%
(Un)
Socony-Vacuum Oil
Soundview Pulp Co
Feb
19%
636
25V'8
—
•
15
-—
%
•
;
36%
a34% a35%
—i
;—15
Jan
16% Mar
157
■"'7
'
Oil
26%
35%
31
38
.
Jan
23 Vb Mar
10c
7c
31
38
5% Mar
Mar
15
44,850
"
5
65
11%
19ya
'
%_
..
11%
19%
.
"•
8c
(Un)_.50
Roebuck & Co_._.!
Shell
__
—
P10
Mining—
Maurico
Santa
10
-5
Foods lnc
W Fine
&
San
Jan
12%
...
a23'/8
Feb
Jan
60
.
Feb
__
Jan
9
7Ve Mar• 8
9
9
21 >A
Cement
Roos
Mar
25%
50
Oil
Riverside
* 34
34%
34
34Vz
288
33% Mar
42'/2
632
39%
—
__
Feb
42 Vb Mar
37
37%
791
a42% a42%
30
14
14
100
58%
59
1,185
14
13%
235
14%
56%
15%
Jan
62%
Feb
Spiegel
12% Mar
16%
Jan
Corp
lnc common
Spring Valley Co ....
Standard
Brands
58
Mar
62%
Feb
Standard
Oil
1
2
—*
,
;
417/a
42
a28% a28%
afl'/a a9'/8
35c
35c
--
a9'/8
35c
96
50
222
26
Feb
!,
34%
Apr
V.
49%
Jan
27%
Feb
Jan
9% Mar
9 Vb Mar
32c
35c
Jan
Mav
Jan
Fc-b
90
34
• 7
Pacific Co_^
Southern
Feb
ser
(Un)
preferred
6%
Jan
58%
*
50
a62% a62%
*
a__
a
.
a43 Vb a43>/4
___l
2'A
(Un)_»
a39 Vb
70
41%
Feb
2'A
100
2 Vb
Feb
2% Mar
11% Mar
,2%
44
17%
a38% a39%
396
11%
640
10%
Feb
13
•
13%
205
12 V2
Jan
13%
Feb
17%
17 '/2
417
16 Vb
Feb
18%
Jan
1
2.35
2.85
100
5
5
100
(Un)
Calif—
Standard Oil Co of N J (Un)
Studebaker Coi-p (Un)
4%
3'A Mar
Feb
5
Corp
(Un)
i
<
Jan
Jan'
53 >A
54%
1,775
52
Feb
66 y2
11%
11%
100
10%
Feb
13
9%
9%
200
8%
Feb
10% Mar
1
20
33'/3C
2.00
;
__
12%
2.15
10,650
a33% a33%
50
12'A
14
3,645
28%
28%
100
(Un)___*
10%
11
535
P2
41c
43c
5,200
1.90
32'A
Canada
com
(Un)_»
_____
__
7%
36c
1
5%
6V2
*
44
44
45 %
715
44
5
41
41
41%
445
4,121
5%
(Un)
Ass'd
Water
Oil
common
Corp
Transamerlca
18Vb
.5
Carbon (Un)__—•
Calif common
25
"Transcontinental & Western Air*
Carbide
Union
&
of
Union
Oil
Sugar
Aircraft
Co
—
__
—
12Vz
__—
United
Air
United
Corp
Steel
(Un)—
Corp
lnc
Lines
United
of Del
—
5
*-10
.•
54
22%
11%
54
22%
11%
&12% al2%
37% 38lA
; 30J/2
31 '/2
Jan
2.20
Jan
U
32 'A
Jan
Feb
Feb
Mar
Apr
Corp
—
Jan
20%
56%
Feb
67%
Jan
67
Feb
72%
Jan
16%
Feb
20%
Jan
49
Feb
54%
Jan
2,085
20 Vb
Feb
25'A
7,775
10
Jan
10%
Jan
160
2,124
119
1,400
138
18
10
685
37%
Feb
977
25%
Feb
Apr
31 'A
12
Jan
Mar
13'A Mar
*
41%
Jan
31% Mar
Apr
Wailuku
45c
Jan
Wells
900
45
336
Jan
24% Mar
Jan
14% Mar
3'A Mar
405
23/2
Jan
73
38
69%
Jan
78'A
Jan
550
35
Feb
41
Jan
2.50
750
9
9
100
—
(Un)..5
——1
13%
Feb
10%
686
71%
37%
2.45
llJ/8
270
11'A
275
110
7
11% Mar
24
2.65
Jan
Mar
9%
Jan
10 % Mar
11'A
2.05
Feb
Jan
11
12
72
38
2.45
common—*.*.
Utah-Idaho Sugar Co common
14
H%
a26% a26'/2
13% 133/2
3
3
__
Universal Consolidated Oil .*.—*—-10
S
*
—-
1
(Un)
Jan
28y» Mar
8%
22%
'11%
—
Feb
»
54%
54
10
,-2
al8%
al9
63 5A
64
a68a69'A
,
18 18%
63 "A
a68%
25
of
Company
Texas
Tide
a._
2.90 Mar
•
—*
:_25
i
lnc
Co
Jan
11%
■»
:
Equipment
9
Jan
Co
(Un)
20
Fargo Bank & U T——100
Sugar Co
Petroleum
Preferred
common
(Un)
__
270
:
1
85c
Apr
Feb
J.05
7
1,856
6'A
Jan
17
17
3.060
15%
Feb
6%
15'A
73/2
15 y4
5%
Feb
98c
1
270
3,036
6V2
(Un)_„ 1
——
127
8
6%
281
1.15
7%
Apr
Jan
Jan
Jan
'
Corp
(Un)
lnc
foof-rujt.e.s
31%
32
285
1
!
a9%
a9%
50
8%
7
Apr
55%
Jan
40
Feb
46'A
Jan
31%
Feb
323A Mar
West
Coast
Life
Insur
(Uni—*—5
•
oaBe
■
42.
8 %
180
9% Mar
8
Jan
10%
:
8V2
Air
—1
—
Western
Dept Stores common..—__50c
15'A
Lines
lnc
(Un)
al6%
Jan
Westinghouse
Elec
Corp
(Un)
50
16%
Jan
21 »A Mar
Willys-Overland Motors (Un):
al6%
95
14%
Jan
16 y2 Mar
Woolworth
al7
580
210
13 "A Mar
Feb
a21% a21%
,_1
(Un)
■
Kor
58
Apr
140
Richfield
Feb
Jan
Jan
34
■
Feb
16%
1,486
97
34%
7
52 %
195
^ _„> v
1
Feb
83
770
Apr
—
49'A
710
29
27 Vb
14
•,
liy2 Mar
Jan
42% Mar
34'/2
.
•
—10
Jan
32J/a
12'/2
__1
7
17%
.
12%
com...'"
233
Feb
2% Mar
34y2
"
■■■■:'■
8%
250
••
30%
24V2
325
58%
Libby McNeill & Libby
Lockheed Aircraft "Corp
lnc
15
24 Vk
31 'A
—
■
Western
Loew's
382
29
Feb
Feb
Apr
12 y2 Mar
10
(R G)
15
15%
10%
a39'/2 a41%
a593A a60%
16% 17V4
__
*
Republic Steel Corp (Un)—
Reynolds Tobacco "B" (Un)
Manufacturing Co
58%
Salt Co
LeTourneau
a2%
15%
10%
'7
16%
•
Rheem
Jan
County Land Company
Leslie
Mar
a2%
__
24
10
25
Corp
Copper
Jan
238
Jan
Mar
Jan
Jan
20
Feb
a23y8 a23%
a363A a36%
al7y8al7V8
23'A
Feb
V4
10 Vs Mar
Mar
2
Apr
Westates
Kaiser-Frazer
20
Jan
12%
...
Mining Co
16%
162
8'A
54'/2 Mar
Victor
Tel
806
22 y2
11%
Feb
—*___
International
173A
22 V2
Feb
22 % Apr
Exploration
of
Feb
Feb
300
*
Nickel
8>A
325
10
Co*;
International
216
900
1,108
Co..
Mines
alO al0%
5'A
6%
Co
Feb
31%
1,108
lnc
Independent
3%
5
23%
Corp
Idaho
550
31%
14
._;y
4
Apr
39
5
13%
;©7l%':
96% Mar
142%
Jan
Feb
39
4
3%
15%
•
—
13%
1%
135 y2
31%
Jan
Jan
-
Apr
16%
.
Realty
47% Mar
1
Car
5
__
common—________1
Incorp
Union
Honolulu
17
alO'A
50
33y3c
(Un)_^__
&
14%
y
101
121
__
100
12 %
(Un »_
Hudson Motor
Feb
(Un) —1
...
12
Pineapple Co Ltd
Holly Oil Co
89
96
142ya 142 Vat
__
•
•
Feb
3
Development
95 V2
38
a397/s a39%
__
——--
Radio
Railway
s
22%
pfd
non-cum
25% Mar
America. (Un)
12
Corp
Bros
Hawaiian
Holly
Ry
Feb
(Un)^_
of
23%
Graham-Paige Motors (Un)____
North
24%
25
Feb
•
(B
Grej hound
335
1
(Un)
common
•
F) Co (Un)
Goodyear Tire & Rubber (Un)
Great
25%
common—
(Uni
25
_
common
preferred
25%
(Un)
Consolidated Mines
_______100
Co
18 y2 Mar
—•
10%
10
Corp common
Glading McBean & Co
Golden
Jan
Feb
(Un)
42%
2V2
Corp
58
15 y2
Airways
300
___*
Paint
49 Vb Mar
861
*
311
•
.
...
Jan
140
18V2
(Un)
Sperry
General Motors
General
Co
Corp
104
543/2
18
com
11
10
Corp (Un
Metals
101
52
"
...—10
11
1
Machinery & Chemical
101
100
com
11
_„1
Tele
101
54 Vz
—*
Oil Corp
Corp
Conv
Farnsworth
30%\
18V2
—
5
(Un)
__
10
(Un)j._
«
Share Co
&
a45%
30%
__
common
*
Works
Jan
Apr
25
25
'
Sinclair
Eastman
1
•''.El
35%
25
8%
Feb
§J Mar
Feb
Republic Petroleum Co common.—___1
94
.
33'A
Jan
& Feb
261/2
Pictures
Co
Safeway
11 Vb
30 y2
33%
23% Mar
325
8
25%'
9%
5
common
325
•
255
7',
2,281
8,077
43%
.'»V
54 y2 Mar
200
97
•
Mfg Co
Dominguez Oil Fields Co
10
96'A
com__5
...
preferred
Doernbecher
Dow
25
2
Giorgio Fruit Corp
Class
50
96%
"l
(Un)
43,905
34
Jan
8%
350
325
0
32'/8
JS
6
Jan
42%
1,119
7'A
10
•
Curf.iss-Wrieht
11%
7
100
common
Preferred
ili
33'/2
Jan
4% Mar
Rayonier
21% Mar
12
11%
1
31'A
30
6%
315
a54% a54%
•
a54%
32
33 V2
Jan
600
44 y2 «Jan
22%
11%
II5
4%
Petroleum Co cap—
Pulp & Timber (Un)
Oil
Pure
<
3% Mat
Jan
36%
a43% a43%
1
_
(Un)
4%
^.__._..___100
Pulman lnc
;f'L<T7
17 "Jan
36%
23
1
com
(Un)
Continental
Jan
33
28%
30%
Radio
26%
36%
(Un)_15
Aircraft
Continental
"
Co
Jan
27%
Preferred
Gas
2.65
415
.(
.
a
4%
Puget Sound
Feb
100
al7%
25
Natural
41C
Apr
28% Mar
35
25
;
Phelps Dodge Corp (Un)
Jan
16%
3%
a
•
Consolidated Chemical Ind class A
*
Consolidated Edison Co of N Y (Un)__»
Consolidated
2.00
100
Jan
18% al8%
11%
a29
29%
5
pfd
Pennsylvania RR Co
Pepsi Cola Co (Un)
Jan
475
Vb
a29
29%
...
Companies
Utah
Park
Jan
27
(Un)__«
(Un)
&
Jan
Mar
Feb
23c
500
1,050
*
Motor
Paraffine
Jan
Feb
6
16%
A___2V2
t
Commonwealth
31c
2.25
Jan
14
=•■
267
Tel
&
American
Pan
■
hCommercial Solvents
ale
9% Mar
Jan
Jan
1.80
.
31% Mar
115
52%
a44 '/2 a45
27
*
cl
common
System
77
2.00
25
preferred
Phillips
Columbia Gas
10
__
A
-
Service
Pacific Western
Apr
30 y2
Feb
.
Jan
58'A
~
25% Mar
95c
2,900
.
a25% a25%
10
common
9%
%
__
Preferred
Apr
12%
100
Broadcast System
45
82%
60
Apr
Feb
41
Apr
52%
264
a56% &56Vz
2.50
Colorado Fuel & Iron
44
Feb
78
15
431
__
1____1
preferred
1st
'
Columbia
78
78
___„_20
common
1st
Portland
45
(Un)___*
(Un)
Mar
17%
98
al8% al8%
al8%
Corp common—52%
7
1
Clorox Chemical Co
18
10
Feb
1,215
Lighting
40
I*
(Un)
Jan
■
27%
Pacific
222
58 '/a
Corp
11
9 Va
27%
redeemable
Paramount
Chrysler
125
27%
1st. preferred
5%
8,335
America
Cities Service Co
10%
__
26%
5 7*
Jan
7
20
Chesapeake & Ohio Ry (Un)
Chicago Mil St Paul RR com
Jan
10%
Apr
26%
Jan
25 %
8%
Mining Co
of
Eureka
12%
10
class
1st preferred
Jan
22
Apr
Mar
a 4%
•
Ry (Un)
Tractor Co
11%
10 % Mar
.j
7
50
Caterpillar
Toy* Mar
20
pfd___.100
preferred
7%
(Un) —100
Pacific
1,575
11%
25
Electric
&
1st
Pacific
Canadian
11%
Corp __—^_.._1
Rights
Feo
45
Preferred
Jan
19% Mar
11
*
50%
Mar
17%
7
Pac
Jan
Mar
a4%
Trading Corp pfd (l/n)
(Un)
6'k
Aggregates......
7
California Packing Corp common
-
11
Feb
12% Mar
11%
(Un)
77/8
___!
n-c
Feb
17%
180
11
1
(Un)__
United. Filters
•
pfd
9%
545
11%
(Un)
cap...*.
I..5
Mills..!
6%
47
550
50
2.60
1.95 Mar
50
18 V*
a23% a23%
177/8
________...1
Co
Pr
2.55
2 %
Co
Jan
210
19
Jan
*
Cotton
15%
10%
*
common
Ltd
Co
Ohio Oil Co
31%
Co
Calamba Sugar
Calaveras Cement
-
Jan
isy2
al2% al2%
,
*
Oil 'Cons
Petroleum
34
1
(Un)
Feb
57% Mar
21%
•
Invest
Co
Oil
30 %
5
Sullivan
Byron Jackson
4%
Feb
Jan
19% Mar
10%
5
(Un)
Co
North
North
H
Feb
5
Borg-Warner Corp (Un)
3%
52 Va
1,400
20 y2
__
(Un)
Aviation
30%
15
__
a55%
__1
Prod
American
Pacific Coast
Blair
.
RR
Mar
6
Mar
a97/8
Central
32c Mar
7% Jan
1
Feb
11
Y
North
r
Borden
10
20
21 Vz
44
•
10
"
Apr
297% 297%
5
(Un)
Boeing
2,1,0 Jan
Jan
20% Mar
,
4%TPeb
27c
N
Jan
2
(Un)___i
1.50 Mar
a55% a55%
(Un)_*
com
(Un)___
Co
Co
Nash-Kelvinator Corp
National Auto Fibres
National
•
Corp
Steel
Bishop Oil Co
__
16
Jan
37%
34%
182
a91'A a92 y»
61 %
28 y»
220
Apr
31J/4 Mar
1,315
Mines
(Un)...
Cement
Morrison-Knudsen
10P
(Un)
Mar
22
Jan
53 Vb
48 % Mar
__
(Un)
Co
&
149%
31
2.50
Co.
'
...1
Co
Mother
M
Jan
30
100
Engine
Mining
(Un)
High
31
16
Machine
L)
Navigation
Menasco
Mar
14%
Co
143%
7'A
5
Baltimore & Ohio
Bank
(Un)
Range Since Jan. I
Low
High
,1
Calculating
Martin
20% Mar
13 Vb Mar
91
a30 a31 '/2
5
Fe
(Un)
Atok-Big Wedge
A\co
Mfg Corp
Baldwin
(Un)
Santa
Shares
31
Natomas Company
&
Armour
Low
"
common.......
1
1,315
146
a53y8 a53%
American
Anaconda
Woolen Co (Un)
Copper Mining (Un)
California National Bank
H)
Co
Monolith
American Smelting & Refining
American Tel & Tel Co fUn)
American Viscose Corp (Un)
(R
Marchant
Feb
._2o
Stan
for Week
Apr
2%
&
Magnavox
High
3%
(Un)
Light
Macy
Range Since Jan. 1
3%
(Un)
Ltd
&
Sales
Range
of Prices
Par
i
Co
Week's
Last
Sale Price
STOCKS—
::io
__
Min
(Un)
American Factors
American
Low
*
(Un)
Gold
8
for Week
Par
Reduction
APRIL
Sales
Last
Air
EXCHANGES
ENDED
Exchange
Friday
Alaska
WEEK
(1593)
Friday
San Francisco Stock
STOCKS—
FOR
CHRONICLE,
(F
W)
(Un)—*
12y2
1
——
10
a?3
5%
—
a23 a23%
20
5%
5%
100
45Va
45%
550
23
Feb
5% Mar
44%
Jan
17
7%
Apr
Apr
16
Jan
26%
Jan
7%
Jan
47%
Jan
37
38
(1594)
COMMERCIAL
THE
'
&
CANADIAN
RANGE
Montreal Stock
FOR
FINANCIAL
LISTED
WEEK
ENDED
CHRONICLE
Monday, April 11, 1949
MARKETS
APRIL
K
Friday,
Exchange
Week's
**"
Sale Price
I nrt
Iaiui
of Price*
Shares
Par
Low
Abltibl Power ft Paper common
20
$2.50 preferred
15
.
$1.50 preferred
National
for Week
Sale Mm
STOCKS—*
Noranda
38
Feb
Ogilvie
Flour
Mills
Light,
Heat
51
490
Aluminium
Ltd
10L
101
8%
48
54'/2
Jan
24%
Jan
Ottawa
Mar
102%
Jan
5%
9
Feb
56
Jan
Apr
61%
Jan
25%
Jan
26'A' Jan
100
8% Mar
Amalgamated
pfd
25
25%
25%
Electric
Corp
*
Anglo Canadian Tel 4%% pfd——50,
Argus Corp Ltd common
*
4%%
preferred
100
45
1,065
1,330
Corp
-
26'
8%
9»/a
350
8
a44% a44%
20
44
6Vu
Page-Hersey
Penmans
Power
&
class
Paper
6 '/a
Feb
%
9%
47
Feb
5% Mar
50
Bralorne
Mines
Brazilian
Trac
British
Limited
American
Oil
Power
'
Power
Apr
Bros
4%
Forest
19'A
20
695
Apr
23
Jan
Jan
41%
8.75
400
19%
20
1,555
Mar
8
18 '/2
1,189
170
Products..
3
9.40
20
Feb
Feb
24%
25 V2
St
Lawrence
Jan
3
3,250
2%
Canada Iron
Canada
Canada
5%
•
1st
570
24%
Feb
Power
15'A
65
28%
215
27% Mar
15%
175
15'A
7%
7%
175
15 'A
^Steamship
Canadian
preferred
Flour
Mills
1st preferred
17
Apr
2nd
Jan
Jan
Canadian Car to
Class
___
Feb
7
8
Foundry
Jan
24
680::
23%
Feb
26'A
Jan
1%
850
28'A
Apr
30
Feb
Sicks
22
135
19%
Feb
22'A
Jan
9 'A
Jan
10
Apr
14 'A
*
;
a9%
71
13%
13%
50
36 */2
13
Mar
210
35
Mar
2,506
22'A
19
Jan
13
16
37'A
21%
22
37 y2
37'%
37%
185
22
22
22
75
20
11
47
.
Class B
5%
Dominion Glass
7%
&
trust
B
39
class
common;
__
$2.00 preferred
46%
46
46V2
46
Apr
48%
Jans
com.—_«
19%
__
Press
Co
of
145
„•*
17
19'/2
Apr
25
Jan.
19%.-
25
Co
*
al9V2
••
;
•*
9%
17
aan
97
Apr
97,.
Apr.
17
78
640
'
6%
6%
71
25
18% Mar,.
Jan)
84
Apr)
85%
Feb!
'A Mar
160
Jan
20
; 7'A
Jan
80% Mar
55
'25,
Feb
6
240."
84
83,
1601
Feb
17%
10
1,6751
170
Apr
GVe Mar
Jan>
Jan
7%
Jan
J
Viau
22'A Mar
Biscuit
*l
common
25
25
14%
14%
25'A
25%;
_i
24
10U
Jan
26-
Jan
14'A Mar
16
%
Jan.'
25 JA
Feb
28 ya
Jan,
Apr
23%.
Jan;
Apr
9
'/a Mar
Jan.
Zellers
Mar
11%
Jan
5%
preferred
36 %
Jan;
6%
11%
Jan
9'/a
common
•
i
:
Apr
::'■
v;.';''/'-v-i■
Feb
Jan
Canadienne
Feb
Commerce
10
23%
■
Jan
Imperial
10
28y2
Jan
Montreal
10'
Nova
10'
—
:
22
Feb
23
8
Apr
15% Mar
34%
735
31%
20%
895
20
8
165
8
Mar
:
Jan
43
Feb
25%
Jan*
28%
Jan
Apr
*V?*■
28y2
26'A
35
25%
Jan't
:' r:
■■■.
19% Mar
20%
Jan
22%
24
Jan
20
* 1,795-,
28%
'
25 %
Feb
28%.
Apr
Feb
Feb
26V2
Jan
290
34
Mar
36
Jan
1,552
25
Jan
26
Apr
,v
26
'
■
445
28%»
25y2
25 %
Feb
25'A
27%
Jan
8% Mar
18%
Jan
8
10
39
15,
520
24
34%
V'
__
Feb>
30
';'
.
:20'A'
23%
25%
Jan
Scotia
140
:
a26.
27%
20
'
__
14%
30
41'A
\y\
_____101
122%
12'A Mar
200
41
27'/2
-
1,270
37'
'■ a26
__
27%
25'
9%
Feb
22
'
25
Banks— I
'
_r_-
15
Feb
20
Limited
25%
17'%
13% Mar
50
'
preferred
12%
2,099
Worts—l
&
common
—
9
400
?-
Feb
28Feb
95
20
Jan.
Feb
160
'
Apr.
V*
16
160
6v«s
8iy2
;
160
17
10
18'/2
83 Vs
81%
145
10-
97,
6%
83'/2
25
.100
'
18%
?
__
common
preferred
1,620
al9 al9%«.
18V2
common
Canada
97
Jan
15% Mar
140
70
17
al6%.al6%
__
Power
145:-
,
17
__
•
145
4,
37
725
Jan
35
Jan
21
-
Feb
Montreal Curb Market
8% Mar
20
50
20
Apr
22'/2 Mar
25%
50
25%
Apr
27
Feb
33'A
3 3'A
50\'
31
Feb
34%
Jan
15%
16'A
15%
Apr
17%
Jan
23%
20
15%
24
.
24
150
-450
'/•
1,885
21% Mar
24
21%
Jan
Week's
Sales
Last
Jan
20
Friday
Range
for Week
Sale Price
STOCKS—
of Prices
20
20%
11
11'A
5,184
Feb
12
Jan
Atlas
167
al67
10
165
Jan
166
Feb
Auto
16
16%
540
16
Feb
17
Jan
Belgium Glove
12
12'A
200
11%
Feb
14%
Jan
15'A
15'A
50
14%
Jan
15'A Mar
Brewers &
19
40
19
Feb
19% Mar
British
,
a
20
16
«
19-
19
14%
14%
25%
25
100
10%
-
Apr
14
Feb
15%
25%
80
24
Jan
27
1,420
23%
Feb
28'A
97%
285
97% Mar
98 V2
Jan
17%
17%
60
105
105
155
104%
Jan
106
95
109%
Jan
110
Jan
Jan
25%
109'/2
-
2'A
.
16% Mar
2'A
950
2
14%
14%-
15'A
345
14
99%
'
99%
99%
99%
5
17%
&
cl
A
12
pfd
Hosiery Co
of
11%
51"%
51%
51%
16
<
15%
;
50
51%
16
475
gy2
9'A.
9%
1,407
30
29
30
413
27
45%.
•
45%
200
44V2
45
\
2'A
Apr
102 %
,
v
14%
8%
Apr
Brown
Can-
of Vancouver
Packers
class
_
Canada
Canada
17
Pulp & Paper
Apr
46%
7%
Jan
Jan
46
2,095
44% Mar
56%
19%
a25
22
22
&
__
19%
Feb
14lA
20
24%
Jan
235
19'/2
Feb
,
14%
83Va
Jan
85
25'/2
Apr
Dominion
preferred
100
Lang ft Sons Ltd. (John A)
7
325
6% Mar 1
8%
Gen
Investment
32
32%
1,850:,
31'A, Feb
36
305
98%
25
3%
93
3
10
20 'A
21
285
'46'/a
47%
98%'
92 y2
3%
•
52'A
1,223 ;
1,182'
48% Feb;
58
Steel
com
Export class. A
*
9%
19%
6
Apr
22
•
f
common..:
Feb.
12%
47%
225
50
Feb
59%
Feb
15%
12%
19%
20
23
400
18'A,
15 V2
113
18%
15y2
7%
-
85
425-
150-154%
11%
100
7
.
Jan,
Jan
Jan*
Jan
Jan
50
Feb
1.850
30
Mar
7%
7%
25
16%
365
15%'
•
4-
23
Feb
7
7%
8
20
20'A
940
19
al74
.15
171
3'A
13
3
4
1.80
1,125
% Mar
30
Jan
22
Jan
a28 y2 a28'/2
Feb,
17'/a
Jan
3 »/4
Jan ;
Apr
9
15'A Mar
al71
y2
32'%
Apr/
20
Jan
178%
V
Feb)
3%
Feb
33%
Jan
2.06
Feb
Jan,
'
Company :
Paper Inv Ltd
&
I
1.70'
com__*
al.25
•
common
Western Lumber
Co
al.25
al.75
76%
83
83
.11100
preferred
'
161 %
-
2
14
Food
2
1.25 Mar
215
161-161 y4
33i
3^8-
63%
84
Feb
Jan,
«:Mar
3%
283
137
2,285
f
*.
3'A
Feb
Feb.
161 Vi Mar
*
'v>
3-% Mar
'
51%
51%'
52
11%
12
100 '
115
115
i 10
15
al5
al5
12
10
200
40c
-40c
a73
a73
.
7% preferred .i__—
'
1.70 Mar*
"
•'
23'
Apr
160
16%
25
14%
5
13
•
100
Feb
52
110
-
50
10 y2
Feb
12
Feb
114
Feb,
liG:
Mar
15
Jan
Mar
common..
Div
r
«
a3%;
:__5
Standard
Sec
class
19 y2
A_.
a
9V*,Mar.
9%. Jan
7'A
•
*t'
•17%
Jan
7'/2
1
Jan
.
Jan
••
■
17%"
-
■
-
5
50
11
25c
Jan
Jan
60c
Jan- /
Jart>,
"'98
V
al5
6-
9
27%.;-;
100
J'A Mac
200
a30c
.
25
35c
:
j;
7%
Mar
Jaa V
! -
15 y« Mar-
26% Mar-
6,999
15%
Jan:
6, •, Jan ;
Jan
Jani*
35c
IO
Jan
30*
-
r Feb ;
"
18%
•
Apr
20
20
20%
370
17%
Feb
22%. Jan
13%
13 %
(Robt)
Moison Breweries Ltd.
12%
Feb
15
Jan
19%
19%
75
17
Feb
20
Mar
34%,
34%
34'A
20
Montreal Locomotive
Montreal Tramways
33
Feb
35 %
Jan-
22»/«
22
22 y2
1,050
19'A, Jan
23%
Jan
Halifax
33
317
Feb
18%
Apr
Jan
Hendershot Paper Products
a55
200
6%'
*
-
-
10..
8
55
-19%
25
6'A
_
8%
Feb
Jan
1,181
6%;
Apr-
42
38
j
48.
40
Feb
58*
1
,,
Feb-"
20
Jan
Apjr.
Feb :
Jan..
Mar
Jan-
.7%, Jan ;
19%. Jan
Fairchild
Jan
f
Jan
100
"50-
43
38
19%" 20'A
:"
__
Ford Motor Co of Canada class A
•
Foreign Power Sec 6% red pfd—100
Great Lakes Paper Co Ltd com
•
•
-
a55
-
l9'/2
•
8
43
38
__
•
8
,
J
43
38
r
95
28
;
8.
*
Dominion Square Corp
Donnacona Paper Co Ltd
Eastern Steel Products Ltd
/
1
Engineering Works Ltd
Dominion Oilcloth & Linoleum
94
30.
15
27'
Dominion
6% Mar
19%
,15
Mar
54
2,700*
6%
a30c
-
■
David & Frere Limitee class B_
Feb
200
2,795
10
-*
Jan
Apr
15
425
13%
""—
,
a4
6%
ft
15%
7%
16%
.100
Ltd
Feb
7%
7-%
Alcohol
•
Jan
'
Jan
Mar
9'A.
35*
General Adv Ltd com
Consolidated Lithograph Co Ltd_—
Consolidated Paper Corp Ltd_—
Jan
7%
7
pfd._.
Preferred
Jan,
150-
5%
preferred
Consol
Jan.
29
Products
16% Mar
42.
42%
4.
'
32''a
3'A
25
page
245
106
Feb.
al74
25
33
/
Feb
103
Jan
___*
94
100
Apr
4
31
16%
16%
Mitchell
Apr
92 %
—
Ltd
94
Oil
3'A
262
___100
Pr
Commercial
12% Feb
Feb
Apr
175
:■
Mar
19%
23r
9'A
7%
94
Massev-Barrla
2,408
18%
Jan
6%
Apr
7
_»
Preferred*.—;
Jan
al3% al3 V2
16%
5'/2 Mar
32
,
_»
Marconi
Claude Neon
Jan
13%
150
100
a
-
-5
common.-.^
Vickers Ltd
Catelli
Jant
750
23
•
Jan;
Jan
98%
10
'A
Jan
13%<
•
Class B*
15
12%
Jan
9%"
12%
18'A,
'
a3
Jan
51'A
•
•
%
92%
*
:
common—
preferred
Canadian
Jan
53
a
—
Ltd
Jan
11
Apr
'5%
*
Sugar
Canadian Westinghouse Co Ltd—
Cassidy's Limited common
Jan
210'
•
20
Apr
9'
Jan
10%
0
Canadian
7r/c
22% Mar
5
-
v
CTan
19%
9 'A
*
Mar
10
".1
_
7'
*
9
50
385
98%
100
_
Malting Co Ltd
Canadian
"
*
com
.
Jan
Jan
a25
coratnon-.—.:—*
9%
al5
5
Canadian Inter Inv Trust Ltd com
•
Canadian Light & Power Co
;
,..100
Jan
a83% a83%
13%
Apr
10%
_
Canadian Industries
Apr
44%
22
5
12%
'
com_.
common..
.
Ltd
Canadian
Jan
9'/2
13% Mar
Corp_____
High
Feb
9
15
•
Canadian Fairbanks-Morse Co Ltd
Canadian Food Products Ltd com
Jan
30%
16%
f
10%
10 y2
10%
_.
Canada Starch Co Ltd
Jan
52%
Feb
1,805
*
100
a
•
—
Apr '
Feb
6,488
,__25
1,200
-9
•
.5
A—.
_
Company
Burnett
Jan
Mar
13%
•
12
'
9%
Distillers
Columbia
British Columbia
Jan
15'A
Feb,
18%
1
Range Since Jan. 1
Low
High
9
........
Products
Low
•
Feb
109 y2109%
Fabrics
Class B
Jan
97%
TJ.ri
Jan
25%
Steels
Common
Jan
'
*
Par
,
480
18'A
.
Shares
'
20
11%
__100
common
406
Jan
Feb
370
25
see
Apr
y2
27
13%
__
footnotes
25
I
50
Tuckett Tobacco 7'A preferred-:.
United Steel Cdrp.___
8=%'
For
Feb
25.067
18%
common
Jamaica Public Service Ltd
Lateft* (John I Ltd.
McCoil-Fmntenac
42
23
965
30"1/*
20
_____
MacMUian
39% Mar
'2,964
.
Winnipeg Electric common.—36%
3,356
51%.
Mailman- Corp Ltd
5% preferred
42 VW
Jan
13%
.
Structural
Jan
Feb
26%
•
International Petroleum- Co Ltdi
International Power '__
MacKinnon
Jan-
86
19
13%
International Nickel of
Canada—32
International Paper common.—
15 V
Secord
24
23'
80
Mar
common.5
preferred
Bros
Feb
Mar
25
*
Canadian
Lewis
30
120
18
97%
50
Imperial Oil Ltd
Imperial Tobacco of Canada
Laura
23 V2
a79 a79%
21
34'A
•
Hudson Bay Mining ft
Smelting
1%
Jaa
23%'.
,
' *
25
34'/2
*
Howard Smith Paper common
Woods
14 >A
18%
*
prefererd inc 1927—.
50
Gypsum Lime & Alabnstine—__j_»
Hamilton Bridge
•
the
12'A Mar
21%,' '" 400
100
4%
Lake of
352
18%
1,225
100
International Utilities
12'/+,
2iy2
160
•
-
—
International Bronze
6% preferred
Jan
28 y2
23%
•
____
Corp-
Jan
22 %
—18y2
95
14%
common
Indust< Acceptance
4% % preferred
10
Feb
12%
__
Goodyear Tire & Rubber—
4%
Feb
19
(George)
8
*
_
Wares
7
400
Goodcrham
23-
.
Steel
preferred
200
'
Weston
15%
5% preferred
—_100
5%% preferred —__——____100
General Bakeries Ltd
_»
5%
Apr
8
20%
24%
A
Preferred
General
'
8
20 »A
—
20%
Walker
8
pfd—25 v
4%% red preferred
Gatineau, Power
'
103 '/2
Wilsils Ltd
26%
325
14'A
1
—_
common,
Feb
21'A Feb
640
13%
100
Famous Players Canada Corp
Foundation Co of Canada
Fraser Co
Jan
94
Jan
Feb
22
«
Heating Prod
(T H) 4.16%
94
100'/a Jan
Feb
15%
25
Eddy Paper Co class A preferred
&
Jan
Canadian Funds
preferred
Enamel
Jan
9V2
13
22
Dominion Tar & Chemical red
pfd,.23%
Textile common
_*
Estabrooks
37
25%
class
Corp
17 y2
27'A
8
15%
.
....
Dominion
Electrolux
20
430
Feb
Jan
6'A Mar
16
47%
10
13%
—35
Dominion Stores Ltd
7%
a84
103 103'A
41%
_____
Canada
7%
22% Mar.
*
preferred—
Coal
Feb
23
Dominion Foundries & Steel
Dominion Steel
a84
__
103
24%
common
Chemical
Steel
Jan
—25
___.
——
160
Jan
*
:
preferred
13%
-
♦,
—
Bridge
270
7'A,
42 %
Royal
6% preferred
Dairies common
16%,
7
100'
Breweries
Southern
Jan
17
Feb
95%
♦
A—• 7
Dominion Coal
Dominion
16 'A
Mar
32
9»%
5
?f_.
Seagrams
Mar
11%
Mar
9%
13%
14%
i"
♦
_
Distiller^
97
11
31
31'A
25
class
Feb
10% Mar
46
9»%
•
20 >"
Ltd
Jan
96
7o
1,375
*<
preferred
Southam
Jan
14 y2
19%
20
13%
Consolidated Mining & Smelting
Consumers Glass
:_—
60
80-
9%
«•.'
•
Cardy Corp Ltd class A
Co
23%
15% Mar
200
•
;
Feb
50
47
27'A
a27'%a27%
"
Canadian Oil Companies
Canadian Pacific Railway
Leather
1,275
11
46,
27'A
•
Cockshutt Plow
Mar
48
11
f
25
Class B
13
1,126
l
com
4% preferred
Williams of Canada
Simpson6
Apr
12%
3,750
__»
Canadian Locomotive
Apr
6,706
a97
Wabasso Cotton
Canadian Foreign Investment.
Canadian Ind Alcohol class A.
16%
16%
54%..
a79'/2
A
Voting
Feb
21
20% Mar
310
—25
J,
'
75
/
13
15%
21'/2
preferred
Dominion
22'A
13
15%
;
common
Canadian Converters class A pfd__
Canadian Cottons common
Davis
21
—25
$1.00 series
6%
20 »A
20%
common.
series
Jan
Jan
a9'/*
36
ISO
Canadian Celanese
Jan.
42%
99
preferred
Series
#
A
$1.75
-
_
Jan
191/4
36% Mar
a97
51
com
Shawinigan Water & Power
Standard
___
63
15% Mar
10
Jan
28%
.
common
Jan
25
30u
10%
1
Paper
28
150
Canadian Bronze
62
Jan
41 y2 Mar
63-
*
7
•*
Lawrence
15%
•
Jan
16 'A
49
Lawrence
23%
a9%
common
Breweries
Corp common
preferred
St
33
Apr
37
102 %
17%
__
—100
—
St
22
u
preferred
Jan
855
54
pfd_——100
Jan
24
common... ,-10
Corp
22
41
' 14'%
•*
Jan
3
28
I20
Foundries
North
Jan
Feb
63
__
•
26'A
Feb
26
15 J/4-
__
common
preferred
20%
102
16
*
Power
Sherwin
$1.30
Jan
'
*
Dock Co Ltd class A.
23
15
17%
100
Transport
Saguenay Power 4'A%
Jan
Feb
28%
W
——
Feb
Feb
22
15%
—
'
Jan
20
102
54'A
preferred
4% preferred
Jan
Mar
24%
2%
«
Feh
59
•;
a36% a36%
__
*
Rolland Paper common
41%
19'A
38%
22%
Jan
23
Jan
40%
40%
common
41 %.
"5
Canada Cement
Ltd
Provincial
25
Burrard Dry
Co
Jan
Mar
2nd
Columbia
&
26'A
24%
104
Apr
51 y2 Mar
21
338
_____*
Corp of Canada—
Price
Jan
76
22 'A
Jan
Jan
6%
Feb
24%
21% *
Jan
23 ya
102
__
Jan
22%
21%
__
*
i
23
24%
21%
1
—
8.60
25
108 %
850
*»
Co_.__
68
5,306
20
25
22
Feb
ll'A
Feb
10%
35
21%
High
38%
Apr-
34% Mar
2,421
.
22
100
common
10
20
•
common
Preferred
British
Ltd
River
686
*
-
\
a22% a22%
54'/2
55%;
*
com
;
24
•
Light &
Tubes
41%
25
103% 103'%,
__
54%
*
________
19'A
A
Telephone
2,255
100
Power
&
Development
Powell
Quebec
Bathurst
Bell
21
common
a70
23%
20%
__
__
a70
*
_
200
•
23'%
,
Asbestos
1,470
10'/2
Ltd
Mines
preferred
Placer
Can 4%
38'A
Jan
52%
120
52%
52%
Apr
21%
65
47'/2
37
15
8-%
—*
-
Aluminum Co of
38
10%
Niagara Wire Weaving
Jan
37
47%
38
10%
*
pfd
Jan
20'A
23'A
,
Ltd 5%
17%
Feb
37
"
iWm.i
Feb
19
Low
High
5
pfd
Corp
14
22
——*
Car
1,295
37
—
NeiJson
Steei
Chemical
1,597
23'A
Agnew-Surpass Shoe
Algoma Steel
National
High
&
19 %
20
t
Drug
Range Since Jan. 1
Shares
*
common
15%,
19 'A
Acadia-Atlantic Sugar class A
*
5 % preferred
*.
_—----100
._
Breweries
National
Range Since Jan. 1
Low
High
15
19%
Low
Sale*
Week's
for Week
of- Prices
Par
FrMfey
Sales,
Range
Last
STOCKS—
PumIIIH
40
.
Aircraft
Ltd
5
Fanny Farmer Candy Shops Inc
Fleet Manufacturing Ltd_
Insurance Co
—
__
1
__
•
10
common.-"
1.65
22
,
60c
60c
35
.1.70
21%
5y4
.
"
11%
90
^
20%
Feb
—
11%
12%
Apr
Apr
*
15
a8'/2
60
a—
—
302
14'A
Feb
: :_20
R»-:.
Mar
i
160
11%
1.25
^Apr-
1.60
1,600
5J/2
' a8%"
60c
35
1,350
22.
14%" r
,
100
-
35%
1.6a
Apr
)
36-3'4
Jar. *
Feb
2% Jan
26
Jan**
a_'_
16
Jan
10%
Jan
12%
Apr
\.
Volume
169:
Number 4793
THE
v
COMMERCIAL
&
FINANCIALCHRONICLE
LISTED
CANADIAN
RANGE FOR WEEK
Friday
Week'*
Range
for Week
of Price*
-
,.I
■-
,
International
.jf
Paints
Low
Par
.
pfd___20
5#/cum
Publishing
,
Lambert'
Co of Ottawa:
(Alfred*
Inc
Ltd
(Walter
M)
•
MacLareri, Power & Paper Co
Maritime Vyeleg & Tel Co Ltd
'i'ic preferred —
"Massey-Harris C0
Maxwell
Ltd 6'/4%
Minnesota
1:
;
Distilleries
&
Ltd
Ontario
6K
.26 V2
.
26^1
_
10
pxd
Paper
Co
al2
>
5
Ltd
a67 %
14%
Apr
Jan
14% Mar
16 Vi
■25ST
Jan
9%
Jan
8% Jan
••
...
STOCKS—
39%
Feb
Feb
18
88
17%
Jan
18%
10
26% Mar
27 %
Jan
6%
40
6
Jan
1
23U
12
Mar
12%
Jan
18%
1,066
Apr
22%
Jan
Mar
73%
Jan
Nuclear
Lt & Pr
rights—
com,
a
8%
v
75'
18 %
115
Vi
9
65
1,050
1
Cf.u.m u,d
Manufacturing
Paul
Service
55c
8% Mar
8,434
41
10%
10%
250
5V2
6
325
;.u
—
Co Ltd common."''
otd
otores
45c
i-_—•
Enterprises Ltd
Orange
"Paton
50c
41
*
___l
'
52
22 %
Industries
<*»
:
•
Ltd
'
;
.T,
;
Sangamo Co Ltd
"Souihern" Canada
9%
ok
Jan
Stowell
Screw
' Class
Co
Ltd
xuO
-piu
i
—
\
Hotel
Mining
Anacon
*Arno-
Ltd-
b
Stocks—
Beatrice
Acme
Gas
Akaitcho
Alberta
30c
'r''
■
;
Mar
20%
American
Jan
54
Feb
Anacon
Anglo
22 Vi Mar
Feb
10%
Yellowknife
2
Mar
17
Jan
17
Jan
5
Jan
5
Jan
Area
Jan
*•'35%
Feb
Apr
16
1,200
3%c,
lie
30c
1,000
4c
/ 6c
63*c
3c
3c
•
Cartigr-Malartic Gold Mines Ltd
5c
■*
Mining Co
'Consolidated
'Consol
Mines
Gold
Duvay Gold
East
Mines
Mines
Ltd—
,
$£.
11c '
—1
Atlantic
Hollinger .Cons Gold
Atlas Steels
Feb
Jan
International
Uranium
J-M
Consol
Gold
Jack
Lake
Kerr
Addison
Rbwan
Lake
Shore
Gold
Mines
Mines
Mines
Feb
39c
Jan
Bank
of
Goldfields
3c
Jan
Bank
of
Nova
5c
Feb
Bank
28c
3,000
25c
Jan
37 %c
Feb
Base
9c
Mar
16c
Macdonald
3%c Mar
5Vic
Apr
13c
18c
Jan
15c
1,500
Jan
Bathurst
Malartie
Gold
Fields
B
15%
20c
1,000
19c
Mar
25c
Feb
lie
13,500
9c
Apr
16%c
Feb
2.68
Apr
Berens
3.45
Jan
Mclntyre-Porcupine
Jan
Bidgood
Mar
7c
3.80
18,500
5Vbc
ll%c Jah
Apr
4.35
Jan
10c
Bobjo
Mining
Nechi
New
'New
New
t
/New
Canada
Cons
Dredging
Calumet
Mines
Ltd
Jan
Bonetal
Mines
Gold
5.60
Jan
5.75
Apr
9c^
5 Vic
Jan
9c
Mar
•
5,500
39c 41 Vic
5c
Feb
2,000
39c
Mar
3c
3c
3Vic.
8,400
2c
Jan
.
3Vic
3Vic
3,500
3c
Jan
15%
16
1,200
14%
Feb
16
9c
13%
13%
1,000
■
6%c
Jan
11%
376
52c
Jan
9c
13%
75c
Feb
91c
13i
Apr
45c
45c
40c
45c
7,700
2.30
2.40
200
a58%
a60
405
51
75
10
76c
"76c
9.800
1.45
1.58
1,600
40c
Mar
2.12
"
70c
Jan
2.40
Jan
57
12%
Mar
76c
Feb
1.45
84c
Ltd
Corp
Mines
.
Pandora
—1—.
Cadallic Gold
Dredging Ltd
Mining Co Ltd
Pitt Gold
Quebec
Labrador
.
Mangajiese
British
31c
12,625
28c
Mar
31c
B
Class
8,434
58c
Mar
75c
2.49
2.49
2.65
2,750
2.45 Mar
10c
10c
10,000
9%c Mar
1
3,000
1
1.73
•/f
4c
.
—1
3.75
«I—
4%c
1
35c
35c
1.90
12c
2,400
4c
1,000
3.80
300
4 Vic
/
1.60
22c
Apr
Bruck
1
38c
5c
14%
14%
1.95
Feb
3 Vic
3 ViC
12c
13c
4 V2C
*
Co Ltd—-r_-Hi
Santiago
Mines
Ltd
Sheep
Creek
50c'
Mines
Ltd
1.17
1
Sigma Mines (Quebec)
34c
Jan
9c
Mines Ltd
Sladen-Malartic
2.05
Mar
67c
30 Vic
4,000
.
.
500
4,000
(
4Vic Mar
4c
14
'
Mar
Mar
-
8c
7c
"16%
Stadacona
Mines
Teck
Cons
Torbrit
3c
Mar
4c
Trebor
Mines
United
Asbestos
Feb
•14c
8c
Mar
14c
41c
Jan
48c
8.00
1.17
1,000
1.17 Apr
1.57
10.850
2.03 Mar
2.57
200
8.05
Feb
7.80
Jan
31c
2,150
30c
Feb
42c
25c
Mar
32c
3c
Feb
5c
Apr
53c
Now
42c
42c
47c
2,116
1.61
1.60
1.66
2,100
3.00
2.95
3.00
600
1.10
::_
42c
•
1.10
1.15
11,300
1.45 Mar
Oils
2.95
Apr
3.00
1.10
Apr
1.23 Mar
31c
30c
34c
45,500
28c
Feb
66c
81c
143,500
53c
Mar
9.65
9.50
Ltd__
4%c
Oil
11%
4,250
9%
2.35
4 Vic
7,500
16 %c 16 ViC
•
Co
Ltd—
1,000
16 %c
100
2.21
2.35
.•
73c
1.28
Jan
_
2.35
3c
Apr
15
Feb
Feb
10c
'Jan
Apr
36c
Jan
Feb
2.35
Apr
4.10
5,550
10c
8,325
8c
Mar
12c
Jan
20 Vic
21c'
26c
18,500
17c
Mar
32c
Oils
.
South
Brazeau
F01
.
3,60 Mar
5.30 Jan
1.50
1.65
11,149
10%
11%
'4.303
2.27
1.97
.
89Vic
90c
10c
10c
3,000
2.60 "
12,200
9.70
Feb
10c
1.20
Feb
Feb
413/4
8,172
41%
Jan
900
55C
600
22c
25c
383/4
5,000
8c
Feb
Vac
18c
15c
18c
116-;
lie
lie
1
6%C
55c
Mar
20c
Feb
Mar
33o
5%cMar
16c
16c
Jan
18c
Apr
18c
Feb
-3,000
-
Apr
Mar
IOV/4C Mar
1,300
6%C
IIV2C
7.50
Jan
32c
42,300
11 %c 11
5.00
Jan
.
lie
Mar
10c
Mar'
Jan
I
3,000
3c
3%c
27,300
41c
44c
38,565
3c
3c
Feb
26c
<-
Sftc Jan
44c
Mar
Feb
_
9.50
8.25 Mar
45c
1.25
Jan
18%
Feb
20
Feb
Jan
Mar
1
7%c Mar
22%
22%
910
22
5%c Apr
Mar
24%
24%
285
24%
Feb
25%
Jan
pfd
.100
Products—*
87
87
88
25
87
Apr
90%
Jan
2%
23/4
2%
3,000
5%
5%
25%
25%
253/4
180
2%
2%
100
27c
33c
43,900
class
A
5%c
:•
10
*
*
-
class
A
•
•
Oil
*
1
A—
30c
10
2%
10
50
Feb
Jan
3
Jan
13
Apr
Jan
6%
Jan
Mar
26 %
Jan
23/i» Mar
50*
33c
35c
15%
,
15%
3 Vi
5%
25
Apr
1
17c
2.70
37c
Mar
37c
15%
17
Apr
5 3/8
4ya Mar
14c
15,600
2.40
Feb
31c
50
9,350-
143/4C
143/4C
27c
30
4Yb
__
*
»
12,000
13 %c 143/4C
13 %c
I—II—1
Jan
24c
Mar
Feb
Jan
Jan
Jan
1.92
11c
9,000
Jan
Jan
3.05 Jan
20c
Mar
Jan
7c
9%c
68,650
6 %c Mar
9%c
Jan
28%
283/4
390
28
33
Jan
26
26%
90
26
29 V2
Jan
7%
—
7%
7%
275
7
8V4
Jan
10c
7c
.
A—
A
.1
—
1st pfd
Edmonton—
&
*
*
11c
'
6c
9,100
30%
.
30%
50
4.65
5.00
.Mar
7,900
Apr
Mar
11c
Feb
4.30
Apr
30% Mar
30% Mar
6.60 Jan
Feb
6c
6%C
11,500
6c
Feb
8%c -Jan
42c
47c
10,500
38c
Feb
54c
1
3.40
3.40
3.60
23,050
24
23%
24
283/4
283/4
50
28% Mar
29%
Feb
26%
27
43
26
Mar
28
Jan
46%
47
210
43
Mar
50
Jan
93/4
235
10
Mar
Flin
Flon_
Cement
*
'■/:
•
common
20
-
•
•
Malting Sh Warr
Northern
Power
B
26%
9%
•
9%
*
2.70
322
<"
32 Vi
23 y»
15%
'
Jan
Jan
3.75 Mar
Feb
<26% Jan
350
i 190
3
—100
190
♦
Mortgage
Steamship Lines
9%
13%
13%
37
331/2
Jan
Mar
16Va
Jan
15
192
187% Mar
35
37
Feb
31% Mar
25
15%
32%
-41
-
Permanent
Preferred
108
50
—
Canadian
;
Bank
Breweries
Canadian
Canners
^
..
-,ir
I-r„
-.t
new
common
;
13
see
Ltd.
'
•
22c-
:
2.40
2.40
300
19c 23 Vic
98.500
page
42.
6.50
*
.
'•
—
'
Mar
141/4
Jan
Jan
Feb
24
Jan
19 Ve
Jan
20%
Apr
15
Feb
18
23%
24
20%
20%
1,292
16
16%
350
23
23%
210
23
15%
64
15
"20
—
—
153/4
371% Mar
22%
23%
common
-
35 Vi Mar
20%
.10
Commerce
preferred
Class
Car
1,070-...
Jan
25
Feb
18
Jan
14%
Apr
Feb
i
;
_i
Celanese
Jan
35
12% Mar
16
15%
16
305
153/8 Mar
17
Jan
21%
21%
22
1,945
19%
Feb
22 y*
Jan
37%
38
270
36 %
Jan
39
Jan
25%
305
233/4
Feb
28%
Jan
12%
common
A
Canadian
-20
•
common
Canadian Celanese 75c series
pfd—
125
12%
13
*
Canadian Dredge
Canadian Food Products
Class
25
A
——
7%
7%
7%
620
11%
11V4
100
75
74%
75
90
93%
common-
9%
10
315
—
Preferred
1.65
Apr
Class
Jan
Canadian
Mar
Feb
14c
Jan
2.60
—
.100
8% Jan
7%
•
-
Apr
ll»/4
Apr
13'/2
Jan
741/2
Apr
77
Indus
Alco
"A" voting-
Feb
Jan
9%
9%
175
9%
Apr
11%
Jan
32
32
32
20
28'/4
Feb
36%
Jan
68C
70c
10,650
79c
Jan
133/4
13%
13%
300
15%
Feb
145
145
14%
13%
14 y4
16
16
110
24
24
10
"
B
11%
91/4 Mar
Canadian
2.10
13c
Feb
Jan
6.35
6.65
10,125
17c
16c
17c
8,000
5.90
Feb
14 Vic Mar
Locomotive
65c
Mar
Apr
3.00
Jan
23 Vic
Apr
6.70
Feb
'
•
.
of
1st preferred
Conv
13%
-
Petroleum
footnotes
6
45
'
1
Ltd
Royalite Oil Co Ltd
Mar
Mar
Feb
11
1.65
.
.
_
Pacific Petroleums
Western
5
/, 40
24'/2
Packers
class
class
Canadian
Pan
Jan
26
80
Jan
3.80
-
■_
«
Ltd-
Co
23
5
'
1
•
_
Feb
19%
145
Jan
42c
Canada
Apr
9%e
3.80
a
*
Oils
Ltd
Jan
22%
Bousquet,—
Canada
1.90 Jan
69c
i
Ltd
Pacalta
65c
Jan
Ltd
Gaspe Oil Ventures Ltd
Okalta
Apr
1
Jan
Ltd
Co
,
Jan
27c
41
7.50
4%
Power
Lake
Co
Canadian
Oil
20
37
243/4
Canada Packers class A———
Jan
500
Oil Stocks—
Home
Jan
36
Jan
41%
413/s
Products
Canadian
Jan
2,000
Anglo-Canadiah Oil Co Ltd
Oils
55,350
55c
Canada
Jan
8.00
4c
Wiltsey
;
_i___
Wright Hargreaves Mines Ltd__
Deealta
26%
35%
Jan
2.15
31c
Mines Ltd—_
Homestead
27c 34 %c
6.75
Canada Foundries class A
Jan
4c
Waite Amulet Mines Ltd
Consol
Feb
-34% Mar
1,600
Forest
class
Red
&
Canada
Jan
1,000
30c
Corp
Mines
155
4%
Canadian
Westville
•220
37
Campbell Red Lake
Jan
1
Ltd
JLtd
Jan
Calmont Oils
Feb
11c
*
Ltd_
Ltd
Mines
Jan
27c
•
common
Porcupine
Callinan
Feb
Ltd.
(1944)
Hughes Gold
Feb
Jan
Jan
Mines
Mines
3.65
25%
980
35
6c
Canadian
Sullivan
26%
i;-
1,323
Caldwell .Linen
Jan
9,000
30 Vic
4
Gold
36%
B
Calder
Feb
45c
2.04
.
,
Mines
Soma-Duvernay
34%
37
880
17c
2,440
—
Class
Gold
25%
35
ll%c Jen
,
Jan
3.15 Mar
10,900
—
Burrard
Jan
9 Vic
1.17
1
Siscoe
25 %
—
Burns
Apr
8c
_50c
Sherritt-Gordon Mines Ltd__
Ltd—
3,525
20
——
Mills
Buffalo
7%c Jan
3.80
45c
1
Gold
21c
1.10
Elec
Preferred
.Senator-Rouyn Ltd
18c
9.00
Buffalo Canadian
Jan
Jan
4%C
200
Mines
19V2C
1.00
Buffadison Gold
Jan
Mar
1,000
Gold
3,800
8.50
Buffalo Ankerite
Jan
3.55
2,600
4 ViC
Rochette
-
3.50
Mar.
,_25
Dominion
Class
3.70 Jan
13c
i 4c
1,000
5c
2_.
3.35
Mar
Feb
13c
4%C
Mines Ltd
16c
193/4
B
British
Mar
67c
13c
*
Red Crest Gold
Feb
8c
12,500
j
20
—
Columbia
Broulan
29c
—
Ltd-
14c
4,100
19c
1.00
Oil
Columbia
Class
British
Jan
58c
Quebec Yellowknife Gold Mines Ltd —1
Queinont Mining Corp
10c
9%C
•
Lake
Columbia
Jan
13c
*
Mines—..
2,000
12c
9c
•18c
__
18c
Light & Pwr com—*
—
Columbia
Calgary
Quebec
Jan
8.75
British
Jan
58c
—1
Development—.
12%
Feb :
Mar
30c
Mines Dtd-*. —1
Pa to Cons Gold
10%
Mines
Building
O'Brien Gold Mines Ltd
2,630
_•
& Millen class A
American
Apr
1
2_.
Ltd_.
12
1
British
Jan
2.32
Apr
—
^
Red
Jan
.1
*/__
Jan
11%
1
—
Preferred
Jan
43,<00
all ViallVi
Ltd
94c
Apr
4,000
18c
1
Mines
Mar
1
_7—
British
Mar
85c
1.45
59c
1
i
Brewis
Apr
13c
i
Apf
10,600
5%c Mar
.
Jan
14c
1
Jan
18c
74c
1
^
Gold
Brazilian Traction
4Vic Mar
9c
_
9%c
Mar
-1
—
Boycon" Pershing
Boy mar
3Vic Mar
3 V2 C
1
Gold
Mining
Norpick
200
500
Bralorne
Ltd.
Goldvue
Marlon
5.75.
Brand
—.
...
-
Jan
Mar
83c
Ltd
13% Jan
.-150
1
Gold
Feb
Ltd
143/4C Jan
7,200
Jen
5
Gold
Jan
Jason Mines
Normetal
t
of
Corp
Jan
12c
11%
11%C
-25
Kirkland
Mar
60
8c
10% Mar
l6c.
113/4
6%
41
Mines
14c.
a
Mar
193/4
River
12%
.5
26c
—
Belleterre Quebec
9 %c
Ltd_J__
Mines
Jan
31c
—
Bevcourt
78c
2.08
Apr
Jan
.1
8c
23c
Jan
2,400
18%
Jan
10% Mar
_T
68,600
Power class A_.
Class
1,040
18%
.1
Ltd
193/*e 23% 6
Mar
11c
Mining
Beatty Bros
Bell Telephone
9%c
—
Mar
——
:_1
Mines Ltd
74
.10
Scotia
Toronto——.
Metals
705
13 V*
Jan
13c
Jan
9 Vac,
of
500
Ltd
Feb
67%
-10
Montreal
Jan
Mar
10c-
Ltd
Louvicourt
53/4
10
-10
Mines
3c
12%
Little Long Lac Gold Mines Ltd
245
5,300
-1
5 Vi c
_____
5,000
3.40
—1
Ltd-—
Jen
68,348
1
Gold
10c
1
aJn
7%c
Feb
7c
Aunor
5V2C
Ltd
43/4C
Feb
IP/a
_
8,500
4c
18C
Feb
5
Ltd
Ltd
6c
Feb
Mar
3c
6c
3c
2c
9c
5 Vi» C
Apr
2,500
14%C
1
11c
ley 7 Vic
Co —1
Mining
Mines
Mines
Lake
Mines Ltd
Jan
37 %c
22 %C
7,500
•'
73
iiy8
Atlas Yellowknife
——1
Ltd—:
Mines
Gold
5.30
10%
Jan
Bordulac
Hudson-Rand
Jan
3.55 Mar
16c
Oil
3,000
5 Vic
5.75-
1
Jan
6c
25c
200
Ltd
Jan
Jin
68c
14»/2C
(1937)-
Feb
3.85
Mines
39c
20c
Apr
-64c
Mines
Mar
3.80
Goldora
Apr
Feb
6%
10c
3c
2.45 Mar
1
32c
14c
113/4
Jan
5c
52 %c Mar
'
..
"6%
1
1,000
—
Jan
8.65 Mar
3c
5c
20c
\
2,000
:
Jan
73
Mines
9,400
—
Jan
30c
26,850
34c 37 %c
—
Aubelle
7c
Ltd
4.15
14c
Aumaque Gold
63c
7c
.56
11 %c
2,700
53,600
9.00
3c
5c
17,500
64,200
2.73
3-80
123Ac
186,500
34c
1
4,000
.
32c
34c
3.75
3.80
Feb
2.80
Mines
32c
15c 17 %C
30c
31c
Jan
7c
Yellowknife
Jan
—1
6,700
9c;,,
2.80"
1
•Falconbridge Nickel Mines Ltd-———*
Formaque Gold Mines Ltd
1
Giant
18c
4c
61c
""'Goldbcam
2,500
16c
Mine? Ltd_2:"_—_ —Jc*.—1
Gold
18c
Jan
GoldiMines''Ltd—I-——J,—1
Sol
Jan
18c
I100
5c
20c
20c
«
1
,
61 %
26%
.-10
2.45-' 2.08:
*
1
Ltd
Apr
common.
14c
;
17%*
Ltd
Feb
52%
Apr
500'
4c
5C
J
—
45
25% Mar
3c
7,000
15c
I
Suiflvan Mines Ltd
'Eldona
El
9c
1
Ltd
Mdiartic Mines
.."East
28c
_
Ltd—1
Ltd
Co
,;Dome Mines Ltd
Mines
40
105
1
Corp
2 Vic
*•
2c
Jen
Apr
830
5%c
Armistice
'
Mining
Dulama
e
;
Cadillac
Explorations
Cournor
t<tu
Astoria
-
Central
Cortez
•
12 %c
5c
1
Celta. Dev &
14c
82c
273/4C Jan
48
Ashdown Hardware A__
Jan
3c
Jan
Jan
61c
22%c Mar
26
1
Arjon Gold
Feb
65c
Apr-
500
Feb
54%
11c
1,500
1,500
.
65c
2 Vic Mar
17,000 '
4V2c.
3c
Apr
13,100
23c
9%
8% Mar
26
53
III
38% Mar
12
30c
82c
Jen
8c
48
•
Preferred
9% Mar
15
21
200
15c
Rouyn Mines
Argus
~
Jan
103
5%c Mar
9
Jan
Jen
52%
Apex Consol Resources.
46c
9"
11,000
*
Oil
Apr
Jan
113
6c
23c
•
Ansley Gold
Jan
3,500
Vic
lie"
6c
Jen
25
.
100% Mar
.
6.75
Canadian
Jan
'
1:
.
20%
Jail
75c
-
10%
111
33c
4V2C
dorp__1
Mar
21%
1
**
Feb
210
29c 34 V2'c
11c
19
485
10
•
Jan
~
13
2"2c
3'2C
__
8%
485
17
25
Canada pfd—*
Lead
Bagamac
Candego Gold Mines
6c
High
Feb
Jan
41c
25
38 V2"
'
13
30c
__1
,
101
_•
A
of
Amalgamated Larder Mines-.,
American Nepheline.—
Mar
111'/8
100
18
/ 30c
'
i"—__1
£ Bouzan Gold Mines Ltd
(Brazil feold & Diamond Mine
101
Low
14
Feb
Athona
*-:■
£
j
23%
1
i
18%
10
70
9%:
fe
Ltd—1
Mines
19%
22%
Ashley Gold & Oil__
*
Lake Gold
19 %
23%
Anglo-Huronian
10
18
13
ry
1
Mines -Ltd—-
19 V4
1
Yellowknife
Pacific Cons—
Aluminum Co
■H'-isi; H7'""' ■'
Bonville Gold Mines Ltd
257
*
Oil-,
&
163/4 Mar
10
38
——
_
15%
100
u.__-
Algoma Steel
Aluminium Ltd
Jan
20
Mar
83/4 Mar
50,752
a17
•
9%\18
High
143/4
*
*
Agnew-Surpass
Mar
7
' Mar
12%
10
a3.^.a3
100
—_
Mining Corp Ltd
Red
al7
;
Mings Ltd—-—
■Bordulac
Jan
52,
2,181
113
40(?
45c
*'
MinejyLtd—
•Base' Met&ls
U2y4
45c
L_
.
—,
10%
20
25
1
class
B
Windsor
JO
Feb
'18% Mar
125
lO,^..
112 >/*
*
1
Range Since Jan. 1
*
Low
14%
2o
preferred
Preferred
Anglo
Union Gas of Canada "Ltd—J—United Securities Ltd
1
(Westeel 'Products Ltd
17
10
Shares
•
Paper common
Acadia-Atlantic class A
Mar
r'
.
Southmont-Invest Co Ltd
I
22 V2a 8 3/4
17
90c
5
72
Apr
73/4
25
19 '/2
*
*
Pr
40c
150
a 8%
,
Russell
20.
18 V£
52 v*
20
18%
.
"Power Corp 6% N .C part 2nd pfti—50
Quebec PUxp & Paper '<> red pixt-iluO
Quebec Tel Corp class A
j*
:
*
Bale*
for Week
•
&
.
^Nova Scotia
W**k'*
Dirrrr
•f Prices
Feb
12
Power
$1.50
Jan
26 V2
•
Sale Erie*
Par
Abitibi
17%
a67 a67
0
Apr
Feb
36
18 V4
'■
Exchange
OCMilMhlll
Jan
144
al2
•
18
*
Moore Corporation "Ltd
Mount Royal Rico Mills
17%
17%
6%
10
25
8
7%
1,425
36 V3
11%
.
Mar
-
153,4.
11%
17 %
pfd 20
conv
Ltd
Melchers
15
High
13%
25
7J
36 Va
com—10
24
60
14
7%
15
•
*
—
8
14
,
Lowney^Co
5'
7%
1.
Toronto Stock
Range Since Jan. 1
Low
a 24
8
41
—,
Shares
High
a 24
Invest Fqirndation Ltd common———*
Journal
MARKETS
APRIL 8
Sale*
Last
Sale Price
,,.stocks—
ENDED
39
22c
Jan
8%
Malartie
Oil
Cos
common
preferred
Canadian Pacific Railway
Canadian Wallpaper class B
Canadian Wirebound class A—.
—
100
25
24
25
-•
5,033
12 »/4
142
Jan
150
Feb
13% Mar
-
Feb
17%
Jan
16
Apr
16
Apr
23%
Feb
25
Jan
40
THE
(1596)
COMMERCIAL
&
FOR
RANGE
MARKETS
LISTED
CANADIAN
Monday, April 11, 1949
CHRONICLE
FINANCIAL
WEEK ENDED APRIL 8
-
Last
Cariboo Gold
1
Central
Oil
Leduc
__
Patricia
1.60
l.o4
1.00
1.15
26,500
Mines—
"SSJa
1.30
Steel
Chatco
<■
Harding Carpets
Jan
Jan
Harker
Feb
1.65
Jan
Harricana
Jan
1.45
Jan
Hasaga
21C
Feb
Headway Red Laice
Apr
11
far Week
1.24
12,800
Low
14%c Feb
9%
•
Gold
Goid
;
10
68c
90c
35,600
:,4r6c
Jan
98c
Mar
6c
6c
6%c
11,000
5c
Mar
10c
1
1
2.70".
2.65
2.75
12,150
Jan
2.85
Mar
18%c
1.75
Jan
Highland-Bell
Feb
Hignndge
13c
15c
1.60
1.60
2,600
300
'
8
8
25
3%C
4%c
19,500
3c
25c
Coastal
Knitting common.-^.
1
0
.
Willan3
Cockshutt
25c
25c
25c
2.35
2.45
8
19,500
9
Apr
5%c
Mar
36c
3%c
7c
7c
1.000
6c
Jan
9c
30c
40c
27,700
30c
Apr
59c
12
65
11%
Apr
12% Mar
9'Ac
10,800
8c
Jan
Feb
30c
11%
Holden
14
1,901
12%
Feb
14%
8,800
17c
Jan
24c
Feb
5c
5'Ac
7,000
5c
Mar
7c
Jan
Hosco
5 'AC
66c
66c
1,400
66c
Apr
1.24
92c
3,300
85c
Feb
1.03
24,040
23c
Jan
38c
90
8
Feb
10 %
500
58c
Jan
65c
Jan
8'Ac
29,600
6c
Jan
y'Ac
Jan
7c
9c
2,000
7c
Apr
13c
Jan
17%
17%
17%
50
Apr
19'A
Jan
—
8
8
200
Apr
9%
Feb
11%
12 %
6,365
10%
Feb
12'A
Jan
6c
6c
3,000
6c
Jan
11'Ac
Feb
22'Ac
21c
24c
59,400
19c
30
30
30
25
28
24c
11-/8
Yellowknife
Mines
Gold
1
.
.
—
.~1
a
9%
2
47c
Mar
64c
Jan
Hudson
46c
5,564
40c
Mar
65c
Jan
Hirgh
10c
27,050
8c
Mar
12c
Jan
42c
•
55c
9'Ac
1
Consolidated
50c
ioc
Consolidated Duquesne
12c
15c
8,831
12c
Apr
17%c
:
97
4,140
95%
Apr
123
7
7'A
75
6% Mar
8'%
Jan
149%
150
40
148% Mar
152 %
Jan
1.45
5
95%
—100
150
•
1.15
1.15
1.25
30
29%
Cosmos
15c
«
Imperial Mills
Couinor, Mining
—
—_————_
—111
Crow's
—-
Imperial
Indian
_
Jan
Jan
Ingersoll
6
Feb
Ingus
Inspiration
3,000
20c
Mar
30c
Jan
2,600
40c
Feb
55c
Decalta
Oils
Delnite
Mines
Demson
Red
Detta
45% Mar
52
Jan
8%c Feb
14c
Feb
46%
9c
9%C
-
35
■
8,300
Discovery
Dome
.
1.45
&
International
15c
Jan
Jan
17c
Dairies
Dominion
Foundry
11c
1.20
Jan
1.48
Feb
6%c
Apr
10 %c
Jan
10c
10,900
Jan
15c
Feb
45c
3,800
28c
Feb
46c
Mar
44c 48 %C
27,600
42c
Mar
65c
Jan
37%C
44 %c
25c
%c
29,150
25c
Feb
32c
Jan
15 Mt-
15%
16
1,135
15%
Apr
18%
Jan
185 8
17'/a
19%
10,940
15'A
Jan
19'A
25
24%
25
940
24%
Feb
26
Jan
20
20%
220
19%
Jan
18%
18%
Dominion
Magnesium
Dominion
Steel
14
1,870
25
25'/a
225
i
A
5%c
5%c
5%c
2,000
0
7
7
8%
8%
20%
20%
95
20%
25%
540
25%
Feb
preferred
Co
44c
19%
«
10%
15%
15%
*
24
23 %
Tar
Chemical
&
.23%
pfd_
.
27%
Dominion
Donalda
Petroleum
Waite
Jacola
Dulama
Gold
'-.w
ii_1
■
19 %C
9'A
9
9%
Jellicoe
J
35 %c
42c
,
Amphi
East
Crest
-iii
East
——
_
Mines
Jobourke
Joliet
5c
5c
Leduc
15c
Eastern
4%C
Economic
Elder
Mines
Kirkland
Golden
Kirxland
Eldona
El
Sol
Gold
Gate.
class
Eureka
(T H)
Jan
Feb
13%
Jan
Labrador
Mar
65 %c
Feb
Laguerre Gold —1.
Luae Duiauit Mines
12%
110
54c
12,400
49c
17% Mar
18c
22c
81,700
11c
1,000
25c
Feb
Mar
17c
Corp
12c
7'Ac
8'Ac
13,100
7c
26c
(John)
Ltd
•
6%
6 VB
6%
525
40
40
110
15%
16%
350
35c
37c
8,450
57c
'63c
49,037
15%
*
6'/a
7%
Jan
Apr
Jan
40% Mar
Apr
38
54c
Apr
14c
Jan
lbc
13,000
12c
23c
Jan
25 %
25'A
10
15%
16
7,043
5
Gold
Frobisher
Lapa
Cadillac
Jan
Lapaska Mines
Jan
Larder
50'Ac Mar
77c
Jan
Laura
12c
Jan
Leauc-West,
"U"
50
19%
Jan
10%
Apr
11% Mar
19
330
19
Apr
19%
Feb
60c
Jan
Lexindin
Mar
2,600
3.'80 Mar
14
14%
500
13% Mar
16
Jan
34
36%
770
34
37
Jan
G
6%
210
102% 102%
10
70c
70c
21%
•
2.33
•
70c
40c
Mar
4.50
Apr
5'A Mar
102%
1,000
22
815
'Ac
9'Ac
2.38
2.40
9
A
—
Gatlneau
Power
5%%
preferred
General
Prod
5%
.00
100
pfd—
53,500
3'Ac Mar
10c
Jan
63c
24,700
41c
63c
Apr
1.50
23,455
13c
Gold
Long
class
116
Apr
General Steel Waies common-.
70c
10,060
-L
90c
Jan
Feb
2.05
Lake
-1
1
6.10
i__
.
Globe
Goldale
Gold
*
Gold
♦
Loblaw
Class
B
Eagle
Golden
Mines
Arrow
102%
Apr
Feb
110%
1.75 Mar
2% Mar
16%
90
16% Mar
17% Mar
15
85
14
Mar
15%
Jan
6.10
21,190
Jan
6.10
4.75
Jan
;
class
Goodyear Tire
Madsen
7'Ac 11 %c
Gold
class
Gold
8c
Jan
10 "Ac
Jan
Mailman
Mar
74 %c
Jan
Malartic
Gold
Manitoba
16c
25,500
38c
~
Mar
56c
Jan
15c
Mar
19 %c
86c
1
6C
5c
7c
13,000
9%C
9%c
3,300
81c
88c
11,100
28
__
10c.
16c
Jan
Jan
Maple
2.21
6,800
6c
8c
4,500
oc
Mar
12 %c
Feb
6c
6'Ac
8,000
5c
Jan
9%c
3c
3c
2,000
3c
Feb
4c
Feb
2.02
99
99
15
95
Mar
103
Jan
51
51%
90
50'A Mai¬
53
10c
Jan
7c
Jan
12c
Feb
70c
Mar
1.08
■
Jan
500
27% Mar
31%
28%
•
28%
28%
270
27
Mar
29
Jan
13c
20c
38,700
13
Apr
45c
Jan
14%
15%
100
14%
Apr
15%
Jan
12c
16c
Jan
14c
.V
,
12c
12c
500
2.30
2.50
12,925
41c
2.38
45C
10c
--
■
12,950
41c
Lime & Alabastine.
•
Halcrow
Swayze
Halliwell Gold
Hallnor
«
51'A
9%
„
.
Feb
20c
22c
5,000
19c
Mar
Mines
1
1.05
»
1.02
1.15
25,300
93c
Mines
1
9%
720
7'A
1,590
•«
2.81
2.96
20c
28,807
100
500
For
footnotes,
see
.It-
..
page
42.
1
1.20
Jan
2.40
18c
93
Jan
10
7%
Mar
Jan
2.96
Jan
Apr
Jan
30c
93
Apr
93
93
10
2.30
2.45
60,450
2.02
2%c
2%C
1,509
2'Ac
9%
9%
25
4%c
4%C
4%c
1,900
4'Ac
Feb
5'Ac
Feb
12c
10'Ac
12c
61,300
9'Ac
Jan
14%c
Feb
4%c
_
93
2.38
..
4%c
4%c
500
3'Ac
20
19%
20'A
8%
500
13%
13%
13%
2,435
96
96
10
15c
16c
2,000
a
Eastern
Leaf
—
a
Milling
Mines
_
__
——i.
2.02
Apr.
3.15
.1
Apr
2.45
Apr
Jan
3%c
Jan
Mar
11'A
Jan
Jan
8
Mar
6c
Feb
'
Jan
Massey-Harris
common
McColl-Frontenac
Preferred
9%
16
16
15 %c 15'Ac
229
.
100
600
9'A Apr
16
15'AC
Apr
—
Apr
10
Apr
McKenzie
Red
Jan
McLcilan
»
—
IIIlOO
a
,
—
% Jan
16
«
__
common
Gold
17'Ac
990
18
Feb
8
Feb
22% jJan
9
Jan
.
J?%
Feb
15 '/8
Jan
94
Jan
98
Jan
13c
Feb
■
-17%c
Feb
eo
Lake
1
58%
eo
3,269
50%
Jan
60
Apr
48c
42c
50c
28,800
32'Ac
Jan
50c
Apr
9c
12c
90,100
6c
Feb
12c
Apr
11c 13'Ac
5,860
10c
Mar
1.
9c
I——_Tu_l
11c
14%
14 %
1,085
14% Mar
16-
3934
40
105
38
Feb
40
Mar
16%
16
16%
600
16
Feb
18
Jan
Mercury Mills
.*
6%
6%
7
515
*
5'Ac
5 'A c
6c
6,000
11
425
9'A Mar
11
Apr
Milton
*
1.30
1.30
1.35
2,150
59'Ac
€2c
8,000
56c
Mar
80c
Jan
42 %c
45c
32,235
39c
Mar
65c
Jan
Mining
Corp
*
10%
10%
18c
1,600
16c
Apr
25c
Jan
Modern
Tool
13 %c 15 %c
35,900
13%c
Apr
585
14%
Feb
14c
16%
—
Mines
Jan
6 'A Mar
14%
—
1
Jan
Jan
34c
9% Mar
7
20c
2.90
Fields
15%
16%
4 %c
4 '/a c
1.000
4 Vac Mar
Jan
17 %c Mar
McMarmac
Red
Lake—.
■
,
Brick
Monarch
Works—
17
Jan
Moneta
7'/ac
Feb
11%
2,018
4
4
1,000
0
Montreal Locomotive
Porcupine
12
12
31
46c
43 %c
47c
7,803
22%
22 VB
22%
1,125
66%
67%
-1
*
—
„
1%c
l'Ac
4,100
Jan
•
3.75
4.00
1,500
3.50 Mar
4.50
Jan
25
9%
595
8'A Mar
9%
Apr
1
20c
4,700
18c
l'Ac
15c
Apr
Mar
3c
24'Ac
Jan
Mylamaque Mines
-
1
21
%c' Jan
'
*
—
Knitting common—.
9'A
-
Jan
74c
13'Ac
Jan
9%
7%
39%
-F-
Mines
Hamilton Bridge
Hard Rock Gold
Jan
2.50
Mar
9C
16c
Gypsum
Jan
44,000
43c
1
Mar
45c
59 %c
I
2.10
9c 10'Ac
10
Mines
Jan
Feb
5c
Feb
-
Gunnar Gold
Gold
Jan
1.20
27%
Feb
3c
Saddlery
Lake
Jan
Jan
27%
t
___
Marcus Gold
Gwillim
12c
4'Ac
Mar
8%
&
Maralgo
_*
3c
Feb
Jan
*
Coal
West
Jan
Jan
Mid-Continent Oil
West
Great
5%c Mar
Apr
A
Corp preferred
59c
Feb
j*
Great
5%c
1.12
-
15,000
9c
it
Mar
74'Ac
1
15,500
5%c
_*
104.700
4c
1,000
1
65c
ec
Giandoro Mines
900
,
20,400
1
Lake
Red
5'Ac Mar
10
4'Ac
5.80 Mar
1.20
.*
4'Ac Feb
Toy
Jan
3.90J
1.13
1
9 %c
5,000
ls
&
Jan
6.30
6.10
1.15
—
McDougal-Segur
Grand
Apr
2.45
15% Mar
...
1,400
I50
,.50
Feb
21%
700
Jan
1
'/a c
15,400
*
Preferred
48c
Apr
2.10 Mar
100
2.25
4c
4'Ac
*
Export
2,000
*
Jan
21'A
43 c
21%
6.00
•
A
Class B
5c
common
34e
39c
21%
*
MacLeod-Cockshutt
MacMillan
7'Ac
-1
—1
Apr
Apr
17c 17 %C
»
„
Feb
13%
106% Mar
109%
13c
2.12
12c
Jan
14'A
Mines
7'Ac
1
-1
Jan
10'A
2.20
1
MacDonald
50
38c 40 %c
;
Goodfish Mining
12.000
6c
6,888
358
Macfie Red Lake
4'Ac
Porcupine
Mines
40c
5,399
Jan
15 V2
Mines
1
—
Manitou
Goldhawk
Goldora
13%
Feb
Jan
1.45
64c
15
Yellowknife
Macassa
Martin-McNeely
Golden
9C
13
—
-1
1
_
9c
Feb
Mar
15
Goldfields
Jan
35
14c
1
„
yc
13%
1.05
40c
1
Groceterias
Feb
125
17c
Mines
Gold
22,900
1
60c
61C
Lake
God's
27,200
46c
Jan
5c
•
2.90
110
--9
9'/aC
Oil
Goldcrest
1.23
42c
Jan
6.5U
<
7.600
Magnet Consol
Gillies
1.07
*2c
-
Jan
3%c
—
11c
Jan
5.65
"
Yellowkniie Gold Mines
Giant
1.16
4.50 Mar
3 Vac
Jan
17c
23%
Feb
26
8c
-
Apr
Feb
14%
«
3.0UU
Mar
19% Mar
3c
Lowney (Walter Mi
16%
A__
2,140
5c
Jan
1.67
Feb
3c
Lac
Louvicourt
2%
s
—„
Mfg
4.80
4c
12c
Jan
10c
Ltd
——
Jan
110
V-
.
165
74'Ac 74'Ac
Mines
Jan
7%
2%
r
11,500
20
4.70
4.10
14c
19%
—
19'A
1.28
Jan
20%
1,000
—
102'A 102%
102%
.00
Bakeries
5%c
K
Gold
Leitch
Macho River
General
5c
3
Lencourt Gold
7c
7
3,000
21%
Jan
Apr
20% Mar
85
G
•
28%
16
Apr
Mar
52c
Oil
1,000
11
44c
-V.'-
)'
1
—
Secord
7c
3.95
;
25'A
14
Mar
—1
_
Mines
20
40c
LOO
Jan
1.40
1
-
•
%c
9
:
—
41c
3.85
u
„
23%c Mar
61c
1
Lamaque Gold
17
34'/a
i_v
Exploration
15'Ac Mar
1.40
i.
Mar
15%
32c
3.90
'
—_
Francoeur
Jan
Apr
6c
9
19
O
A_r
6c
3'Ac
Jan
7,000
1
Mining.
Lake
14%
*'
common
class
2%c
6%c
Feb
7c
.25"
—
Petroleum
4%c Mar
6c
Apr
3.45
20
—
Motor
Mar
Mar
1
Wasa
Jan
2.70
"
Lynx
Fora
Jan
3c
34c
1
Mines-
10%
7c
Feb
19c
Jan
5,200
9
Players
Fanny Farmer Candy Shops—.
Federated
5'Ac
Jan
2,200
.1
Rowan
38c
2.45 Mar
25 "
——.
Mar
2'Ac
2Jc
25'A
1
Mining & Exploration.
Shore
Jan
2.05 Mar
35,986
_o
Preferred
4c
12%c
40c
1
Little
Federal Grain
Jan
13'Ac
1
Lake
Mar
1,500
105,560
■
Famous
Jan
52c
6c
*
10%c
Mar
27c
.A
Nickel
13
Apr
Mar
9c
2,85
-1
—
Falconbridge
Mar
36c
lo%
Labatt
Jan
9'Ac Feb
15,700
11c
12%
2.70
A
preferred—..
Jan
Feb
12
27c
Equitable Life Insurance
Estabrooks
Jan
36
1
22
50c
~
58c
—
Brass
Feb
25%
1
Apr
2.67
-
Gold—
Empire
11,700
1
Lake
Mar
11,
2.42
-1
.
2.07 4
3%C
1
Kerr-Addison
19%
90
2.78
.20
„—
20
Apr
Feb
..
Feb
110
25
Eddy Paper class A—_
Apr
%
36c
1
Jan
2.62
_
Investment
5c
3c
Jan
27c
Steel
Jan
9
1.833
1
Kayrand Mining
17%
"l
Mines—
Feb
54c
Mar
22c
14%
-1
Mines
Sullivan
Jan
9
35%c
1,500
3c
Mines.
24
9'Ac
7%C,
Oil—
Malartic
East
Feb
8'A
19%
7,100
14c
2%c
Gold
Quebec
Feb
20
.
11c
*
Oil———
East
7%c
•
(1939!
15% Apr
10% Mar
11%
,_1
„_
Jan
Apr
22
43,500
Consolidated..
M
Lake
East
Jan
14%
25% Mar
31%
2,185
35'Ac
1
—
21'%
11c
,
Duvay Gold Mines-
19%
Apr
35c
4,628
l
—
855
910
12%
-
51c
—
*
Ltd
Mines
"
~
—--1.-
Feb
Jan
7
220
32%
l
•
Mining
Mines
950
20
■
—
23
32
32
•
—
Jacknife Gold
Jack
16
11'/a
*
'
A
Woollens
Mines
Jan
Jan
'
Donunion Textile common
29
8%
100
19%
22%
•
Kirkland Townsite
Dominion
Jan
Feb
5%c Mar
5,000
■:
25
common
Uranium
24
11%
10%
*
B_.——25
—i——
Mar
23
Apr
25 V8
25 %
1
class
117
13% Mar
4o0
39c
16%
24%
25
6
—
——
0
35
—
Coal
&
Dominion Stores
Jan
6c
Apr
Mar'
27'/«
9,601
13%
20 % Mar
Steel
&
Jan
57
Apr
25c 26
L—25
preferred
275
3c
112
Feb
Feb
33c
Mar
6,100
10,500
10
Dominion
29
1
Nictcel
International
*
preferred
15
1
class
Co.—
Bronze
International
43c
Apr/
2
Ltd
Coal
16,000
13%
*
Dominion
4c
116
18%
International Metals class A
8%c Feb
1
-
Dominion Bank
3c
116
25 Vb
Mining
37,600
..
7c
-10 Vac
1
Seagrams
Mines
6'Ac
_1
_—j.
Yellowknife
Distillers
1.35.
6 'Ac
1
—,
Lake
Red
44%
28%
Gold
25c
6,000
..
26c.
19c
20C
1.42
1
»
1,705
2b
Machine
(John;
11,700
10c
32c
1
Lake
Dickenson
9c
27c
•
—
Mines
Lake
Red
Dexter
Ltd
Nickel
46
Apr
1
,
Jan
44%
29
a
Lake
31%
18%c
Jan
22c
•
Mines
Petroleum
Davies
Apr
39c
116
Oil
preferred
Feb
5%
55c;
46%
9c
4%
international
D'Aragon
38c
Mar
45'A
10*
Mar
13c
25
20c
1
—
2C%
1,000
47c
100
Patricia
275
-
15c
5%
55c
1
Coal
Nest
Crowshore
:
Feb
1.11
15c
1
*
Pershing
30
14,190
.
5%
■
—
Mines
Crestaurum
Croinor
Mar
28c
f-5
.
0
Craig Bit common
30
2,500
4c
■a#.
.
39,100
29c
Jan
*
Consolidated Mining & Smelting—
Consolidated Press class A
Exploration
Jan
38c
00
Jan
Feb
30
Apr
35c
—
•
Bay Mining & Smelting.
Malartic
:
32e
Mar
Feb
95'/a
Consolidated Lebel Oro
Conwest
8
28 %c
35c
8,850
50c
—
a
.
Gas
17%
Jan
Consolidated
Consumers
Jan
7%c
Feb
9%
Feb
13 %c
9c
a
_
Jan
24c 28'Ac
class A
60'Ac 60'Ac
Mar
Jan
1.00
Mfg
Homer
1
Homestead Oil
Mar
8c
•
Jan
23c
•
ii
11%
60 %c
1
„...
Mining
Jan
2.45
Mar
2.00
66c
Mines—
Jan
12,00J
a
20c
—,—
Beattie
i-eb
5c
a
13%
Consolidated Astoria
Consolidated
6c
4c
Jan
22e
0
Bakeries
Jan
Feb
17,200
1
8 %c
13%
Commonwealth Petroleum
Mines
Jan
83c14
50c
55c
a
1
.
Yellowknife
Feb
IOC
60c
—
Heath Gold
1
—
——
Coniaurum
1.60
500
2.35
*
Plow
Coin Lake
Colomac
4c
1
Oils
Cochcnour
Apr
6%c Mar
7c
7C500
Jan
Jan
11c
1
Malartic
Jan
2,200
10c
7c
„
Feo
2.43
*
Bar
12
7c
55c
Jan
Chromium
Circle
9% Mar
-1
9%
82c
.
Chinio Gold
Citralam
7C
__i
_.
9%
-
Chesterville Mines
High
2,080
10%
7c
,
,
Gold
50
—.
Mines
Range Since Jan. 1
Low
High
10
__
1
—:
...I
Cheskirk
Shares
Jan
90c
12,700
19c
Jan
1.73
1
common'
Research
Chemical
1.38
1.30
Porcupine
1.50
1.55
3,you
1.03
17 %C
Goid
CentraJ
Central
l.b4
••
Castle-Tretnewey
1.15 Mar
1,800
1.25
1.20
1
.
—
Sales
Range
of Prices
Par
High
Lew
High
STOCKS—
1
Range Since Jan.
Shares
of Prices
Low
Par
Week's
Last
for Week
Ranfe
Sale Price
STOCKS—
Friday
Sale Price
Sales
Week'a '
Friday -
6'A Mar
5c
1.10
8'Ac
Feb
10
Feb
4
Feb
11% Mar
38c
19'A
449
65
25%
67%
Mar
26
170
25'A
8'Ac
8 'Ac
2,66 J
8c
8'Ac
2,000
Mar
7%
Jan
7'Ac.Mar
1.55
Jan
12-j, Jan
.5% Feb
14
Jan
60c
Jan
Jan
23%
Jan
Feb
73'A
Apr
Jan
27%
Feb
Mar
12c
Jan
7'Ac Mar
12c
Jan
bc
..
Volume 169
Number 4793
THE
.COMMERCIAL .& fINANCIAL CHRONICLE
CANADIAN
RANGE
Week's
Last
Sale Price
Drug
Preferred
Gxocers
Preferred
National
B
National
6
11
230
10
Mar
12%
105
12%
•
28
Silanco
11%
Feb
Silknit
14
Feb
Jan
Silver
Silverwood
Mining
Ltd
28
35
27 V4 Mar
28%
Jan
825
15%
Jan
17
Apr
775
15 %
Jan
17
Feb
Silverwood West Dairy pfd
9,500
35c
Jan
Simpson's Ltd class A
Dairies
Class B
38c
37c
39c
47c
Jan
*
31
30
31
35
27%
Jan
34
Mar
21
20%
21
425
20
Feb
23%
Jan
28
28
28
280
25
Jan
29
Jan
2.40
2.63
30,200
Sladen
•
(Wm)
preferred
New
Bidlamaque
103 % 103%
Alger
New
100
100
10c
11c
8c
6,000
1.43
103
12,400
8c
10c
l
2.13
Feb
2.63
4%c
Jan
Jan
South
New
Calumet
Mines
1
1.45
1.60
29,800
Goldvue
Mines
i
30c
29c 30%c
13,825
28c
Mar
31c
Mar
63c
59c
60,276
51c
Jan
75c
Gold
New
Pacalta
,i
Norzone
New
New
Rouyn
New
Nib
6 %c
Noranda
1
North
1
Northland
North
O'Brien
4%c
•
_
_
54%
Oil
3,520
12,900
2.46
2.68
33,184
8c
Apr
Mar
58%
Jan
10c
Mar
20c
Jan
7c
Apr
27c
33c
16,100
27c
6c
7%c
28,100
3%c
8%
100
6c
1
•
Jan
13 %c
Jan
12c
8%
5%
Mines
1
0
Apr
40c
Feb
Feb
7%c
_
__
31c
177,805
13 %C
14c
4,000
13c
3%c
4c
6,450
5,000
>
5%
1.95
Apr
27c
1.11
Apr
Jan
53C
:
Feb
Feb
Jan
2.60
Mar
17c
Feb
3%c Mar
6c
Jan
5c
5c
1,000
4c
75c
V--.
75c
50
75c
6
515
5%
5
8%c
1
5,500
9c
61,300
7c
28,600
51c
Mar
15,700
12c
1
.____
8%c
600
7c
8%c
1
_
Jan
20c
Ltd—
Jan
Cadillac
1.06
2.28
2.42
18,100
2.02
41%
860
36%
Jan
1.25
1.35
18,819
1.00
4c
4%c
1,000
18c 24 %c
112,300
4c
Jan
Jan
9c
Feb
40%
1
Partanen
•
Oil
__
Mines
Paramaque
1
Malartic
Paymaster
Cons
Gold
Pen-Rey
_
4%C
■2
1
__
Mines
4%C
4,000
2c
1
2%c
6,500
34c
1
Mines
5C
38c
22,100
12 %C
Jan
3.05
Jan
42% Mar
1.35
Apr
8c
/
Apr
,
■>
Feb
32c
Feb
9c
9%c
18,500
8c
70c
4,700
66c
26
26
5
8%c
1
_
Photo Engravers
«
26
Piccadilly Porcupine
1
8%c
Pickle
Crow
Gold
Mines
-
9%c
25,215
26
8c
Feb
44c
Jan
29c
32c
14,600
24c
Feb
34c
J -.n
Jan
30c
i
■r
24 %C Apr
8c
42 %c
Apr
Steel
Mar
Jan
Jan
17
Mar
19%
13c
Mar
23c
1.17
1.42
Apr
Jan
Jan
43c
^—100
*
9%
_
_
45c
2,557
Apr
6Va Mar
54c
Jan
100
7
Feb
9%
670
7
Jan
lOVs Mar
9%
•
6%
9%
__
0
_.
_
9%
150
7
Jan
10 VB Mar
20%
Jan
22
Feb
60c
Jan
78c
Apr
21
'
21
21
43c
380
70c
___»
Gold
of
1
________
65c
78c
42,550
*
Bros
Co
common-
_
—
Press
95
82%
84
395
82 %
82%
83 Va
5 Vac
5%c
7c
2,500
1.50
1.48
1.55
11,620
■>
1-
;
preferred
10
—
Sudbury Contact
Surf
15
83 %
_•
Steep Rock Iron Mines—
Sullivan
14%
-•
25
—
Canada
Preferred
Cons
Mines
Taylor
Feb
15
Feb
Mar
81
84
Jan
Mar
86
Feb
Mar
8%C
Jan
Feb
1.70
Jan
-
5 Va
200
9 Vac
2,500
"5C
1.42
5% Mar
6c
1.62
1.55
1.65
9,037
1.46
6c
8c
4,000
6c
Apr
_1
1.54
1.50
1.60
13,780
1.27
Jan
27c
27c
700
Ltd
*
common
45
5%
235
4%
21,995
2.54
3.00
3.05
2,050
3.00
13 %c 15 %c
13,700
8%c
8c
Jan
87c
Jan
3.05
14c
•
Mines
9 %C
9%C
500
Toronto
Iron
Works
class
Jan
Apr
3.25
Jan
21c
Feb
12c
Feb
1.11
1.10
1.17
12,100
9%
9%
9%
200
159
160
23
0
11%
11%
50
1
8c
8c
500
7%c Mar
80c
56c
80c
970
50c
70c
A
Exploration
Jan
5% Mar
Jan
*
60c
80c
799
50c
74 %c
74c
81c
61,500
55c
45
45
800
45c
9%
9%
1,285
100
;
Feb
Feb
3.10
1
;
Elevators
General Trusts
Jan
28%
Jan
*
Feb
Jan
36c
Feb
3.10
-J* O
1.62
26% Mar
4%
2.85
*
—
Silver
27
1.90
iH O
Mar
1
Mines
Theatre Properties
i
Thompson-Lundmark Gold Mines
Gold
27
25c
__■>
common
Gold
11 %c
Feb
6c
*
(Pearson)
5Va Mar
Mar
50c
Tech-Hughes
Traders
13%
78
v..
■
8c
_————
River
Tamblyn
385 '
5%
-
1
Inlet
1.25
9% Apr
156% Mar
11
Feb
Jan
168
Jan
12
Jan
10c
Feb
Mar
80c
Mar
Mar
80c
Apr
Feb
81c
Apr
Mar
80c
11
Mar
Finance—
Class
A
Class
B
subscription rights...
subscription rights—
Transcontinental
Resources
0
^
Transvision-Television
*
Union
Gas
*
Union
Mining
United Fuel
Class
B
9%
_1
Feb
Ventures
10c
10c
500
Mar
14c
50
50
50 %
95
50
Mar
52
Feb
17%
17%
17%
10
17
Jan
17%
Jan
2.10
2.00
2.20
1.99 Mar
*
'.
Mines
Ltd
Jan
Jan
50
preferred
■___
Canada
9%
Jan
25
A
Hill
Steel
Upper
8%
>
*
class
preferred
Keno
United
Jan
6%
^
_
Jan
*
Jan
6%
720
6% Mar
7%
Jan
1.75
10,066
1.48 Mar
1.82
Jan
5.55
5.70
2.94
6%
1.61
u____l
.
5,950
9c
5.75
1,162
5.15 Mar
6.40
Jan
9%
Jan
Jan
Vicour
12c
'
30
6%
_
common
Jan
3c
Mar
66c
9c
Jan
4%c Mar
lc
_
Paving common
Jan
89c
Jan
Walte
27
Feb
Mines
Walker
Villbona
Gold
Perron
Mines
Chemical
Olsen
United
Western
Pan
30c
Stadacona
•
Jan
18c
Mar
2.30
•
5,600
16,000
Feb
9c
*
Mar
40%
*
Hershey Tubes
Porcupine Mines
15c
32c
Jan
6% Mar
Jan
70c
13c
30c
1.29
Toronto
1.50
Apr
Jan
Jan
11c
7%c
13c
Jan
1.17
*
8c
1
99%
1.19
_i
Toronto
6%C
Mar
65c
_L__
Mines
Jan
Feb
*
Towagmac
9%C
26%
97
»
Torbrit
•
t>
22% Mar
310
Springer Sturgeon
Tombill
Apr
*
■
10c
Petroleum
5%
1.58 Mar
2.60
•
Lake
20,300
1.85
3%c
__
1
100
1.89
26% Mar
315
98 %
,
Sylvanite Gold Mines—
Apr
9% Mar
6% Mar
27c
*
__
5%
1.74
1.75
270
23%
97
Jan
;
•
______
__
;
Mar
6c
8c 10 %C
26%
23
190
:
Steeloy Mining
1.15 Jan
3.75
26%
1
Preferred
Jan
1.03
2.45 Mar
Feb
97%
5,000
Starratt
51
4,500
common
Pamour
Pandora
56
14c
Jan
Feb
23%
18c
Taku
(Eastern)
Pacific
Page
Feb
79,000
Mines
Pacific
Mar
1.00 Mar
71/4
95
26%
19%
Jan
4c
-
Apr
Jan
Jan
Jan
7c
Gold
Osulake
400
12c
2.40
Lake
:
11c
51c
8,000
404,100
1.03
9%
Apr
91
'
26c
6c
Exploration
Red
Osisko
14c
6
15
19
Standard
Jan
6c
Oi*ange Crush
Orlac
18c
761
16c
Jan
Mar
S%c
Beauty Supply common
Orenada
12c
1
-
Ontario
7%c
29c
__
Gold
,•
Mar
,341
Feb
Jan
48 %c Mar
•
__1
Preferred
Jan
6c
Mar
_____1
Malartic
O'Leary
Omnitrans
.
1.03
i
54%
_1
—
Oils
Omega
23c
Apr
9
•
91
18c
Stovel
Ogama-Rockland
Okaita
6%c
81c
1.03
Mines
Gold
,'122,825
83c
Mines
Star
5c
Mar
Feb
Jan
2.35
9 %c Mar
2,500
20c
1.03
Gold
Preferred
8%c
*
Mines
Lnca
3%c
43,000
—5
;
Malartic
Gold
11c
22,500
12c
18%c
2.49
Norpick
7c
11c
8c
i
Mines
Norseman
2,000
32Vac
19%
Stedman
Merger
Mines
Norbenite
21,800
9%c
Thurbois
Nipissing Mines
14c
4%c
5%c
Oils
Yellowknife
Nicholson
12c
3%C
12c
Newnorth Gold
67c
High
55c
13
Apr
•
Brazeau
Standard
Marlon
9%
18,400
*
Feb
Jason
New
91
11%
100
■
Southam Co
Feb
Jan
New
New
9
91
105
•
6%
Malartic
9c
104
1.40 Mar
Low
38 %c Mar
62,000
Apr
15c
Mar
9%c Mar
44c
9
__
Gold
40c
100
y
Siscoe
11%
A
Preferred
10
11%
;
Class B
•
Mines
Neilson
class
__i
Range Since Jan. 1
High
40 %c
17
Shares
45c 54%c
11%
Mines—
17
25c
National Trust
Negus
i_.
common
Miller
Low
53c
„
16%
Car
for Week
of Prices
Par
Jan
8
16%,
Pipe class A
Steel
High
Feb
——20
__
Petroleum
National
Low
10
12%
_________
National Sewer
high
Sales
Range
Sale Price
STOCKS—
Week's
Last
8
Hosiery class A
Class
8
Range Since Jan. 1
10%
•
common.
MARKETS
APRIL
Friday
Shares
8
—5
...
National
Low
5
common
ENDED
for Week
of Prices
Par
National
WEEK
Sales
Range
Friday
STOCKS—
LISTED
FOR
(1597)
15%cMar
6%c
Gold
1
2.12
2.10
2.25
6,050
2.00
Feb
2.34
2%c
2 %c
5,000
9.55
9.50
11%
36,669
Hiram)! (G & W>-
25%
25%
25%
4,135
12%
12%
25
9%c
9%c
,,
1
3.30
3.30
3.40
1,300
3.00 Mar
3.65
Jan
Westeel
Porcupine Peninsular
1
4%c
4 %c
3,000
4c
Mar
8c
Jan
Weston
35c
Feb
44c
Jan
42%
Jan
Ltd
class
A
Jan
6
2%c Apr
8.75
5c
Jan
Jan
15%
Feb
25% Feb
28 %
Jan
12%
13
Apr
Mar
Jan
1
8,000
2%c
L
Waterous
Pioneer Gold
7c
P
...
Amulet
Wekusko Consol
Reef
Porcupine
River
Powell
Gold
1
36 %c
36 %c
40c
8,500
*
__
36%
38%
37
520
36% Mar
1
Products
(George)
Preferred
Rouyn Gold
Voting
trust
Corp
Power
1
2,500
70c
Jan
72c
74c
2,000
70c
Jan
15%
16%
3,065
13% Mar
16%
Jan
11%
11%
300
11
12%
Jan
»
Metals
Pressed
85c
1
certificates
75c
L—~
16%
1
Jan
1.02
90c
Preston
East
Dome
1.48
1.53
1.65
>37,912
1.36
Feb
14%
15
530
13% Mar
48c
48c
1,000
46 %c Mar
1.65
Electric
Winnipeg
Jan
1
14
*
Reeves MacDonald
—
Jan
class
1
2.35
Jan
Yellorex
7%c
Feb
Yellowknife
50c
Jan
35c
42c
21,050
35c
Mar
67c
71c
6,400
67c
Mar
60c
14,088
45c
Jan
14
14%
1,892
3%
76
2.35
2.60
70C
'
2,130
13% Mar
3 Ve
2.50
36,054
27
98
99
98
99
75
4%c
4%c
1,500
19%'
19%
2.28
50
2.51
8,235
30c 38 %C
19,000
72c.
77c
81c
44,235
4%c
5%c
6,500
6%
4%c
Apr
Mar
7%
Jan
8c
Jan
6%C
9,000
11c 12 %c
16,000
32c
46c
25%
6.50
19 %c
1
7C
12c
13C
6,500
48c
48c
25%
25%
360
6.20
12,300
6.70
46,979
19 %c 22 %c
85,100
7c' 8%c
51,850
17
250
_
17
100
pfd__._
1st
_
5%c Mar
9c
Mar
9%c Mar
-
Feb
Mar
4c
19
37
Jan
100
Mar
Feb
6%c ;Jan
Feb
2.10
Apr
20
2.51
Jan
Mar
18c
Jan
Apr
38%C Apr
6%
125
63c
81c
6%
Apr
6c
Jan
4%c Mar
Feb
7% Mar
Feb
38c
24%
5.85
Mar
Feb
103 103%
95"
Par
13c
Apr
Mar
British
Columbia
Co
25% Mar
Feb
6.70
22 %c
Apr
6c
Jan
Canada
Canada
99c
35
3%
800
__
92 %
92 %
20
20%
21
1,130
19
Feb
22%
12%
12%
25
12
Mar
13%
Dominion Sugar—.—,
Canadian
Jan
Canadian
Industries
101% Mar
103%
Apr
Canadian
Marconi
Canadian
Vickers
140
12%
Apr
14
43
Apr
4.00
4.25
,15,078
5c
5c
500
H
8c
2,500
16
16
16
100
41C
41c
45c
26,700
24%
24%
25
535
50
_
12%
Bronze
*
common
Fairbanks-Morse
Jan
4.50
4c
Jan
6c
7c
Mar
3.80
Feb
Mar
Apr
114
Jan
3Vs Mar
4
Jan
103
Jan
92 %
Apr
<
*
„
1
common
_____;
__
20
20
100
20
Apr
32%
—
••
16
Feb
10c
Jan
16%
Jan
32%
175
30
Mar
21
Jan
Mar
32%
Apr
Jan
20
20 %
315
19% Mar
22
1.75
1.75
100
1.50 Mar
2
Mar
49c
Jan
23
Mar
25
Apr
46%
Apr
48
Jan
77)4
84
445
64
Feb
84
Mar
46%
46%
Feb
20c
Jan
Lumber
Consolidated
Paper
—
75
136
Jan
161.05
Apr
3%
Apr
160.90 161.05
*
3%
3%
1,150
53
51%
53
40
*
__
3%
—*
—
18
17
18%
2,212
15%
33c
38c
2,000
33c
3% Mar
50
Feb
Feb
,
53
Apr
18%
Apr
Jan
14c
100
Western
Westinghouse
84
Jan
39c
•
common
Preferred
Canadian
Canadian
Dalhousie
Oil
Dominion
.
com___*
__
*
98
Jan
39% Mar
4.05
Power
01
—.
Jan
270
8c
&
High
98c
3%
10c
43
__
Water
year 1948
3%
—
Vinegars
'
Scythes & Co common..
Rouyn Ltd..
Range for
Low
High
98c
18%
12%
1
Senator
Shares
—1
16% Mar
41%
12%
___
Low
100
and
for Week
Feb
Feb
Sales
Range
of Prices
^ulp & Paper com—*
common-.—-..
Preferred
9c
Fnnds
Week's
Last
Sale Price
Jan
43
49
...
_
Canadian
STOCKS—
16%c
50c
Exchange-Curb Section
"
Friday
/
Gold
Preferred
37%
Toronto Stock
Feb
6
*
common...
Corp
Shawinigan
30%
35c
Jan
300
•
Paper 2nd pfd
Antonio Gold.
Mines
IIV2C
...5
Jan
8c
6
1
St Lawrence
Sannorm
Feb
Jan
3.75
6
10
Industries
River
6c
Girl
Canadian
San
5,000
Jan
2.35 Mar
4 %c Mar
2.01
•
Saguenay Power preferred
Sand
7%c
Mines
Bear
Yankee
Apr
300
1
_
Co__
Lawrence
6%c
Jan
3%
2.50
12 %c
1.04
62c
17
Apr
2.50
1
Royal Bank
St
Jan
6%C
Jan
5%c
.
Royalite Oil new
Roybar Chibougamau
Rupununi Mines
Russell
Jan
37c
York Knitting class A
4%c
-
Oils
100 %
Jan
2.35
Apr
Brown
Roxana
Apr
8c
L_)
Mines
27c
3,000
*
A
Lac
_
96%
33,500
Jan
5%c Mar
1
_•
Textiles
Rochette Gold
50
20c
Wright-Hargreaves
15
53c
500
6c
Mines
Long
Feb
96%
—i
__
8,000
1
Gold
Jan
38% Mar
24
15c
-100
—______
6c
3%
■
Regcourt Gold
Roche
13%c
Feb
Mar
36%
_
Gold
27c
51 %C
70c
_
Mining
Quinte Milk class B__
Reno
35c
:L+.
Queenston Gold
Renfrew
35%
'
Labrador
Quebec Manitou
Quebec
Renabie
96%
9%c Mar
21
16c
common-
Preferred
Wlnora
Ymir
Quemont
15
380
Jan
6c
1
.
38
21%
1
27C
—
Quebec Gold
38
21%
_1
...
Wool Combing
Proprietary Mines
Prospectors Airways
Purdy Mica Mines
38
21%
100
Wiltsey-Coghlan
Wingait Gold
Powell
500
"
•
common
Bridge
Donnacona
.—
—"
—
40%
140
17c
2,000
90
11% Mar
12%
Jan
International
800
1.19 Mar
1.60
Jan
Minnesota
Mar
45c
Jan
•
34 %
34%
35
600
31%
Jan
35 % Mar
•
Paper
11%
__
19%
19%
19%
250
19'%
Apr
20
Jan
'
Shawkey (1945) Mines.
Shea's
Winnipeg Brew
Sheep Creek Gold
_
...
class
A
17c
,
9
11%
1.19
11%
1.28
Foothills
Oil
&
•
Paper
Ontario
800
•
52
51 %
52%
1,845
48 Va
Feb
58
Jan
—*
18%
18%
18%
405
18 %
Apr
22%
Jan
*
21
21
21
10
21
Jan
23
Jan
1
4.70
4.65
4.95
4,465
——*
44c
44c
45c
727
8c
8c
6.700
6%c Mar
50c
55c
1,000
50c
Niagara Wire Weaving
Sherritt Gordon
_1
Shirriff's preferred
Sick's
Breweries
;____
Voting trust certificates
Sigma Mines
For
(Quebec)
footnotes
see
2.05
20
__
*
common
17
naee
42
_1
8.00
2.59
Jan
2.19
21
21
25
21
570
15% Mar
17%
Jan
17
Pend
Oreille
3.65
Jan
Jan
Apr
17
33,486
20
Mar
16%
'.
—_
2.02 Mar
2.04
16%
:
2.60
2.50 Mar
2.75
common
Paper—
17
415
15%
Feb
8.00
8.10
617
7.10
Feb
8.25
—
Southmount Investment
Jan
Temiskaming
Jan
Yukon
Consol
Mining
.1
1
__
4.45 Mar
41c
Jan
Apr
6.70
45c
Mar
8c
Apr
79c
Jan
41
42
COMMERCIAL; &
THE
(1598)
FINANCIAL
CHRONICLE
Monday, April 11, 1949
OVER-THE-COUNTER SECURITIES
Quotations
for
Friday, April
8
Investing Companies;;
Mutual Funds—
Bid
Par
Aeronautical Securities
1
5.02
Affiliated Fund Inc——1%
Holding.. Corp—
10
Business Shares—,_1
Associated Standard Oilstocks
Shares series A
—2
-.
American
3.05
.28
2-97
26%'--.
3.63
.
—1
19.02
Bowling" Green Fund Inc
10c
Broad Street Invest Corp——5
7.75
3.40
Business-Equipment; sbares-lc
Drug' shares;:—
lc
Electrical, Equipment shareable
3,35
3.70
2.87
3.17
lc
2.96
lc
4,09
lc
3.73
100
Commonwealth Investment——1
Delaware Fund
-1
143
5.31
13.27
1.37
——
Dividend Shares
—1
24.25
1
11.08
11.98
—1
13.08
14.29
Balanced Fund
National
Low
Balanced Fund
..
1
—-1
_—_
Stock Fund
Fidelity-Fund Inc_—,—
15.72
3.61
-10
1
Corp
Fund
Capital Corp
Investors Trust-
General
7.18
1
5.95
6.50
1
.-I
Series—_—1
6.34
6.93
1
4.05
4.43
l
5.53
3.31
3.28
15.12
York Stocks
11-
1-49
12-
1-49
1
1
9.89
10.84
1.60%
12-
9-
1-49
1
7.33
8.03
—1
9.61
10.53
1
10.66
11.31
3.61
3.96
10.09
11.06
9.61
10.53
7.49
8.21
11.02
12.08
1
_1
Merchandising
1
Metals
9.54
9.15
10.45
10.03
——1
7.54
8.26
1
15.59
17.08
Oils
Pacific Coast Invest Fund
Public
1
Railroad
11.46
1
equipment
10.46
6.45
7.07
1
Utility
Railroad
Steel
4.79
5.25
1
5.91
._
7.46
10.00
Petroleum & Trading
5
(Geo) Fund
-—1
Republic Investors Fund
1
Russell Berg Fund Inc
1
Scudder, .Stevens & clark
Fund Inc
(new asset value) _*
—2%
Shareholders Trust of Boston—1 *
Sovereign Investors
10c
Street Investment
14.20
0.80%
June
2,
1949
Apr. 21,
1949
b 1.12
0.90%
June
9,
25.35
bl.12
Apr. 28, 1949
—
47.80
9.82
19
47.80
10.62
20(4
bl.,13
1.04%
1949
bl.13
25c
New
York
65c
17,25
1
73c
Bank
New
of
Manhattan
18.35
Co—10
18.55
6.73
8.86
United Income Fund Shares
1
Grade Bds)—1
Wall Street
1
9.28
S-j (Low Priced Bonds)—_4
15.72
17.16
Wellington. Fund
1
16.68
18.21
(Speculative Bonds)—1
K-l (Income pfd Stocks)-—-1
l£-2 (Appreciation pfd Stks)_l
S-l (Quality coipmon Stks)_l
B-2 (Income com Stocks)—_1
,'
<9-3 (Appreciation com StkS)_l
S-4 (Low Priced com Stks)—i
Knickerbocker Fund—,——1
Loomis )5ayles Mutual Fund—*
8.93
15.09
19.78
9.75
16.47
21.58
1
15.29
16.44
90.45
LopmiS Sayles Second Fund—10
43.85
9.63
3.38
9.47
3.66
Type Trusts—
13.44
10.63
14.67
11.61
Diversified Trustee
4.29
4.69
4.99
92.30
44.74
Independence Trust Shares
Bankers
Trust
Shares-
—10
Chase
National
397/a
100(/2
103 y2
90 y2
93 y2
15
35 V*
10
39
Bank__
Bank
Trust
&
Trust
Bank
National Bank
Guaranty Trust
Kings County Trust
Lawyers Trust
Manufacturers
Surety.
10
82(4
Aetna Insurance
—10
52 %
Aetna Life __——
Agricultural ——
—10
—25
10
-4
_5
American Equitable Assur——5
American Alliance
—
American Automobile
American Casualty 4
——
—
29
Par
Home
5
___
Bid
29
57
59
Jersey Insurance of N Y_
20
43%
62
15%
24%
48%
45%
48
Maryland Casualty commog
1
$2.10 Prior preferred—
lo
$1.05 Convertible preferred
5
14%
23
23
13
14%
20 %
22
13%
5
27
28
30
4
6%
25%
53
55
eo%
63
_5
34%
86
38%
64
29%
31%
43%
21
89
New Amsterdam
__■
35(4
25
02
,34
Farmers Deposit Natl Bank—100
290
Mellon Natl Bank & Trust—100
265
Detroit
"• :
•••
of
•
Detroit
: 7
Peoples First National
Bank &_Trust
285
1
;
31%
20
33
%A
Portland ~
First
66
69
Bank—--20
52%
55%;
& S A__12%
40
42
Bank
National
United
States Natl
12%
.
Francisco
San
Bank
of
Amer
N T
67
8%
8
100
565
~
595
Recent Security Issues
Bid
103%
99%
99%
Ask.
Bid
Par
Stocks—
Ask
102%
Bonds—
Pow
&
Lt
Columbia
Gas
System 3s—1974
3yas
1978
Consolidated Edjson 3s —-1979
New York
Fire
Riyer
Cudahy Packing 2%s
Louisiana
Northern
1967
I01%x
Narragansett
Elec
_
103 '
1978
103
3s__
Pacific Fife
35
Pacific Iademnity Co
Phoenix
2.6%
North states Po)v (Wise)
95
Ohio
__25
103%
Potomac Edison 4.70%
102%
Pub
103%
Public
"
Preferred Accident.
65%
providence-Washington
76%
65%
15%
55%
88%
3%
Power
3s_—
(Colorado)
101%103(4
102%104%
pfd—100
104%
105%
4.40%—100
108%
109%.
1978
:
102%
100%
Service
(Indiana)—
,
5
>
'
3.50%
preferred
100
82
Public Service of New Mexico—7
5%%
105
105%,
Rohm & Haas Co 4%
100 %
101
Tennessee Gas Trattsm's'Co— :
4>A% preferred ;
:
IOQ
.,
84
,
;
15Ya
15%
102%
preferred—100
101 y4
Potomac Edison
32%
34%
„__2
5%
6%
Puolic Serv
1977
3%s—
4y.
1Q
16%
81%
109%
' 103%'
58%
85%
___5
Reinsurance Corp (N Y)
Republic i(Texas)—
Ser
Pacifte Pwr & Light 3%s—_1977
107
10
61%
92
107%
Pacific Lighting 4.50pfd™-1
Penna Pow & Lt 4.60% pfd-100
102%.
3s 1979
7%
90
10
58 y2
;
•
16
5
37%
^
90
pfd—100
102%
1978
England Power 3s
14%
24%
:1250
_
101
N
101%
102
1979
Lt
&
99%
V-';
.
98
97
3yas__l978
2%s
Pow
5
'
62%
78%
Kentucky Utilities 4%% pfd-100
England Gas & Elec—
4V2V0 preferred
-—IOq
46%
45
$3 pfd__50
Okla Gas & El 5%?«
2.50
;
Northeastern
72 y2
Affiliated Gas Equip
New
k__
57%
33
of Indiana
3s__1979;
pfd A_100
97
96
,
-
San
1978
103
West Peun Power 3s_—1—1978
10
c
'103
Diego Gas & El 3s_
103%
-
98
-
14(4 "
Texas Eastern Transmission—•
V
14%'
99
2.8
—12%
^.10
86%
50%
53%
"103%
Tucker
Corp
"A"—
West Perm Power—
89%
-
%
*
1%,
y
.
'
27(4
48%
29%
Seaboard Surety—
50%
34%
36%
lOVs
11%
Security (New Haven)
__10
Springfield Fire & Marine—10
46%
48%
32%
34%
Standard Accident
33%
34%
Travelers
10
33
31(4
125
10
x36%
Wise
Electric
2%s__1979
Wise-Michigan Power 3s
1970
33%
129
38%
Fidelity 6s Guaranty Co—2
U s Fire
U S
100
.,4
Guarantee
Westchester Fire
.10
-
—
2
680
52%
57
100%
103
101
163%
4.10%
preferred series G-100
«10l%
102-%'
705
54%
60
74
78
21%
22%
Odd lot sale (not Included in
year's range), b Big yield price,
d Deferred delivery sales (not
Ex-interest.
fFlat price,
k Admitted to listing on N. Y. Stock Ex¬
rCash sales (not included in year's range),
t Ex-stock
dividend.
(Un) Admitted to Unlisted Trading privileges,
wd When delivered,
wi When issued,
x Ex
dividend,
y Ex-rights.' z Ex-stock dividend.
a
.
power
35%
90
10
10
•'
,
'
46 y2
-12
New
93
55 y»
Casualty
Hampshire Fire—
22%
*
—10
10
'33
Bank__
45%
National Union Fire
U S
—
28
31
42 y»
•so-
36%
2
lo
_
St paul Fire 6s Marine
Hartford Stegmboiler
20
10
i
231
4oy»-
Bank & Trust_17y2
Duke Power
National
National
-10
Hanover Fire
Hartford Fire
50%
29%
18
6i y2
,
45
48%
7%
Casualty (Detroit)—10
Fire
lo
;
i5y«
29
North
General Reinsurance Corp—10
Glens Falls
—5
Globe & Republic
5
Globe 6s Rutgers Fire com—15
2nd preferred
15
Great American
—5
20
National
Central
29
5
16%
68%
Fidelity A Deposit of Md new_10
—10
Fireman's Fund of Frisco—rlQ
Firemen's of Newark
5
520
1,320
83
Arkansas
Massachusetts Bonding-.
Merchant Fire Assurance-—
27
66
Fire Asm of Phila—
190
315
560
Co
51%
21%
fceetoa
*
—10
182
295
100
&
Trust
65
New
Employees Group Assoc
Employers Reinsurance
100
,100
16%
225
Ask
112%
90
Cram 6s Forster Inc
!L
Savings
30%
108%
42
Continental Casualty—
Bank
Trust
Northern
Companies
10
85
___——5
Life
-10
National
79%'
31
15%
25
Morgan (J P) & Co Inc
National City Bank
New York Trust
Insur Co of North America
39
.
.
100
12%
3.40
2.35
54%
Bankers & Shippers———25
Camden Fire——
Coneeticut General
13%
32%
1,240
275%
20
1
Merchants 6s Mfrs
American Fidelity & Casualty_5
American of Newark—
—2(4
American Re-Insurance
lo
American Surety
—.
25
Automobile
I
10
:
195
Pittsburgh
Co
.1
Ask
t
■
266'/2
Title Guarantee & Trust
&
77
35
100 1,280
25
43
Trust
Sterling National
Aetna Casualty
186
Harris
89
,
12 Vi
10
7.35
53%
30W
100 1,180
Bank of Commerce-lo
2.44
100
10%
86
100
Ask
Cleveland
42 V*
33
10:
Bid
Illinois
National .Bank
—10
First
6.37
Companies
First
41
9%
51%
*
United States Trust
Bid
1.08%
National City Bank_
Federation Bank & Trust
Fiduciary Trust
Public Nat'l
Far
37 >/*
-
Trust—
&
2.14
_
PK
40 (%
20
Co
Stamped
Corn Exchange Bank & Trusfc_20 ^
County Trust Co
(White Plains, N Y)
16
Empire Trust
—50
1
_
Series 1956
1.07%
bl.15
National Baak & Trust—33 lh
Commercial National Bank 6s
2.50
North Amer Trust Shares—
Series 1955
1.07 %
bl.14
City Natl. B.a»k & Trust
336
321
100
6s, Trust 20
Irving Trust
Series E
1.07%
bl.14
Par
.
industrial
Unit
bl.14
Continental
100
—
1
27.29
1949
1949
Chicago
26 y2
24y4
York
& Fifth Avenue
Continental
5.84
Union Preferred Btock Fund-—1
25.02
1.07%
1949
Ask
;
the
Central Hanover Bank
20.75
Bid
Par
Brooklyn Trbst
1
*
1.06%
bl.14
1949—
July 7,
.
Banks & Trust
—
Inc
Ask >
bi.14
,
1.06%
6,13
_1
Fund
23,
June 30.
1949-
Chemical
Whitehall
16,
June
May 26,
91c
9.83
Wisconsin investment Co
June
1.00%
1.02%
May 19,
82c
48.50
Investing Corp
0.95 %
bl.12
bl.13
May 5, 1949
May 12, 1949
Bank of
9.02
Series C
1.45%
1949
2-52
27.26
45.50
Series B
1.40%
bl.55
Bid
bl.12
15.27
2.30
1
Trusteed Industry Shares
Union Bond Fund series A
1.40%
bl.55
Treasury Bills
1949-
15
Corp_*
Television Fund Inc
bl.50
.
-T- 3-50
Ask
Bid
Apr. 14,
5.6O*
—
Standard Invest Co Inc
49
10.96
Putnam
Selected Amer Shares
United States
1-49
8.18
1
—
•
6.48
1
Tobacco
Union Common Btock Fund—1
Insurance
Due
1-49
9.23
4.55
1.40%
4-
7.59
5.48
7.96
-
1.40%
bl.50
4-
State
B-4
bl.50
1-49
3-
28.40
24.49
-
3-49
11-
.
1.50%
27.15
22.45
B-2 (Medium
10-
1-49
Dated
,1.55%
6.00
7.85
Ask
3-49
2-
,1.55%
7.67
12.95
1-49
6-
Bid
1-
1.55%
1.35%
7.07
7.16
1-48
9-
Rate
1.30%
shares—lc
12.67
.0478*
1.60%
Ask
.1.25%
Investing Company shares—lc
Investment Trust pf Boston-—.!
160.0284
—.
■1.20%
bi.45
preferred stock—1
Electrical equipment1
i
.051?
.1.20%
.
bl.50
7,79
6.99
9.40
Investors Management Fund—1
1.65%
Bid
b-1.50
Diversified
4.55
160.0336
bi.45
2-49
Diversified Industry
1
Diversified Investment Fund-1
5.64
.0459
bi.45
Due
2-49
1-49
7.36
25.76
5-
1-49
7.18
6.44
8.95
23.70
5-
1-48
7-
6.78
81c
1.13
12.84
2-48
Dated
8-
shares—lc
Keystone Custodian Funds—
B-I (Investment Bonds) ——1
9.32
8-
12-
1-48
Chemical
4.98
4.61
.0575
.040?
160.0298
Federal Intermediate Credit Bank Debentures
Rate
1.55%
1-48
1-48
General bond shares—lc
Industrial Machinery shares lc
73c
.0078
100.0439
100.0258
.0388
10-
Machinery
1.02
11.72
99.9989
100.0293
; 11-
Bank stock
3.80
4.51
-
(cont)-*-
tl%S Mar. 1, 1950
«%s Apr. l, 1950
,
1.65%
9.38
4.73
Stock and Bond Grouplc
Investment Co of America——1
.0090
1.65%
Insurance stock
8.42
100.0005
6.14
6.29
Aviation Group shares—_lc
Bank- Group shares—
lc
Insurance Group shares——lc
Ask
7.21
5,79
8.65
4.35
Institutional Shares Ltd—
Bid
8.50
,
1.64
"
6.58
Building supply
2.52
121
-f
U%8 Dec. 15, 1949—
tl%s Jan. 1, 1950
tl%s Feb. 1. 1950——.
.1685
5.60
5.97
6.12
21.28
100.1492
1
5-50
5.64
6.83
„
118%;''
Maturity—
1
Aviation
6.73
Low Priced shares
lc
5.53
Merchandising shares——-lc
7.00
Mining shares—
———lc
5.04
Petroleum shares.
—lc
7.34
Railroad Bond shares
lc
2.31
RR Equipment shares
-lc
3.49
Railroad stock shares
—lc
4.15
Steel shares—
lc
4.58
Tobacco shares--,.——.
lc
4.24r
fertility shares——
lc
5.19
Howe Plan Fund Inc—
—14.21
Income Foundation Fund——10c
1.60
Incorporated Investors—.——^—5 .* 19.68
100.7-.,
-
•>
-1961
Certificates of Indebt
_1
Automobile
6.20
Institutional bond
6.04
Inc—
-
Fully Administered
.1%%
1.50%
1
Agriculture
7.41
100.5
100:6-%
'
Indebtedness—
of
Ask
Bid
8"
fl%S June 1, 1949
tl%6 July 1, 1949—
tl'As Oct. 1, 1949—
3.58
14.10
England Fund
Corporate bond series
Agricultural shares —
lc
Automobile, shares —
'--Id
Aviation shares —
lc
Building shares
_lc
Chemical Shares
.———lc
Electrical Equipment shares lc
Food shares..—.1————lc
Int. Bate
Treasury Notes—
tApril 1, 1950
3.62
New
Group Securities—
;
5.03
1
1
New
14.20
6.61
48.02
5.02
.100.4
—
3.17
l
2.90
4.60
Low Priced Com Stock Series 1
1.89
23
5.43
Sept. 15, J.949
Dollar Price
Certificates
Industrial Stock Series
Selected Group Series-
24.58
1.72
21
4.88
12.96
5.74
44.66
4.68
Fundamental Investors Inc——2
Fundamental Trust shares A__2
General
6.57
Speculative Series
3.76
22.74
Financial Industrial Fund Inc-1
First Mutual Trust
8.57
Income Series
25.81
16-81
24.14
20c
—5
Equity Fund Inc——
First Boston
7.93
•
Priced Bond Series
Preferred Stock
13.72
1
Security Series—
12.78
1
Corp.
Bond series
Eaton & Howard—
,
1
Investors
National
5.77
,
100.4-
100.2
U. S. Certificates of Indebtedness
Maturity—
14.50
1.50
"Ask
.-100
l%s Jan. -20, 1950
101.30
Bid
"
1
1949—
15,
July 22, >1949
Panama Canal 3s
26.22
Stock Series
25c
___.——
101.22
1 %s
-
99.14
point
4.51
Nation-Wide Securities—
148
1%S Apr.
1.65s
Other Issues
7.63
Mass Investors 2d Fund™
1
31.89
34.29
1
12.71
13.75
'Christiana Securities com—:100 -3,190
3,340
99.6
1955-1953
1,
100.2v
.98.28
98.20
a
Banks—
Loan
4.11
6.96
Mass-Investors Trust—
■
99.20
i-
1, 1952-1950
1, 1953-1951
32 nd s of
more
Home
3.84
;
Manhattan Bond Fund Inc-—10c
Century Shares Trust
Preferred
l%s May
l%s Jan.
2 %s Feb.
one or
Federal
Ask
3.27
3.48
1
Bid
3.45
—Jc
Federal Land Bank Bonds—
J %S Oct. 1, 1950-1949
3.85
—
5.00
Chemical Fund
3.89
3,13
Mutual Invest Fund Inc
Bullock Fund Ltd_—
1
Canadian Inv Fund Ltd:—-—I
3.53
•
3.49
Furnishings? shares™lct
Non-Ferrous Metals
17.59
4,00
3.O8
Paper shares.
Petroleum shares—
Steel shares
—T:
15.88
16.05
lc
point represent
Figures after decimal
Ask
Home
7.76
14.69
Bid
Far
-
General. Industries abates—lc
95.3420.56
Boston Fund Inc
;
Automobile ^ shares—.
,
8%
.7.42
15.08
5'/a
2%
8'/«
InC—16.86
Axe-Houghton Fund B——.-J5
13-88
Beneficial Corp
——1
4%
Blair Holdings Corp:
1
2%
Bond Inv Tr.of America
—* •
91.53
Fund
Obligation* Of Government Agencies
-
Managed' Funds—*
5.52
3.61
*■
Atnerex
Axe-HOughton
Mutual Funds—;
A*k
Included in year's range),
change^
n
e
Admitted to trading N. Y. Curb.
•No par value,
tin default.
tThese bonds are subject to all Federal taxes.
'
Volume ,169
Number 4793
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
1949
week will
this
Preliminary figures compiled by
show
based
us,
increase
an
is
there
against $13,351,287,767 for the
week in 1948.
same
'summary for the week follows:
Week Ended
New
April 9
0.6
537,11^783
545,004,977
891,000,000
865,000,000
+
3.0
Boston.
448,607/237
431,327,805
+
4.0
9.2
3,329,701
791,000,000
2,609,750
—10.1
4,415,889
3,090,617
3,774,766
8 ICO 630
9,421,402
-9,509416
8,135,316
946,144,749
Cleveland
+
226,70*077
1,053,624,924
+
0.4
2,145,374
4,186,919
2,046,099
3,771,527
—24.8
2.0
3,422,298
2,250,643
—13.4
7,097,646
6,769,893
+ 16.9
5,627,928
4,843,184
—10.2
822,246,298
818,041,228
+ 12.1
214,238,436
—
2,120,067
Fourth Federal Reserve
District—Cleveland—
1.4
—
236,916,636
St. Louis
249,000,000
237,600,000
San
284,173.000
315,026,000
4,935,121
155,502,950
4,854,812
4,153,314
+ 16.9
5,545,948
149,689,688
264,630,273
24.126,000
4,013,956
6,234,059
'5,642,412
+ 10.5
6,015,507
4,923,681
293,756,604
320,771,388
8.4
233,773,492
255,588,393
274,339,754
796,394,751
820,801,936
3.0
687,794,864
627,244,085
Youngstown
9.8
293,362,973
27,583,300
30,842,600
Mansfield
4.8
+
—
6,186,778
163,101,771
298,368/605
Columbus
4.3
—
Pennsylvania—Pittsburgh
—
+
4.7
1.7
+ 11.8
—
'4,389,281
125,266,715
19,565,400
3,272,179
6.2
+
Total
Cleveland
277,443,114
270,286,471
+
194,267,354
192,690,632
.+
(7 Cities)
2.7
Baltimore
;
1,231,319
1,037,228
2,981,957
790,000,000
3,701,036
O1^0~Pant°n
Cincinnati
291,425,036
890,036
883,864
—10.4
—.—
(11 cities)
Philadelphia
Pittsburgh
974,038
1,068,055
—
2,985,433
Jersey—Trenton
Chicago
City
3,634,218
1.7
8.1
%
•1948
*
Francisco
$
+
2,323,666
—
$7,034,323,775
Kansas
1946
$
+
4,435,008
York—
1947
—18.7
1,015,000,000
Delaware—Wilmington
•'*»
1949
1,260,946
2,685,384
Wilkes-Barre
$7,074,097,338
york
or
909400400
Scranton
Total
889,726
1.016,611
3 ggj
Philadelphia
Reading
Clearings^—Returns by Telegraph
:
904 578
Lancaster
New
Inc.
Dec. %
1,025,174
Chester-
At
t
1,099,183
Bethlehem.
Our comparative
""X.
43
District—Philadelphia-
Pennsylvania—Altoona
Our preliminary
year.
gain for the week ended Friday of 0.6%.
a
Third Federal Reserve
States from which it is possible, to obtain weekly clear¬
dotal stands at $13,551,583,443
center
ago.
Saturday, April 9, clearings
ings will be 1.5% above those of the corresponding week last
•this
year
a
telegraphic^dvices from the chief
upon
cities of the country, indicate that for the week ended
for all cities of the United
with
compared
1948
$
•
clearings
(1599)
Week Ended April 2
THE COURSE OF BANK CLEARINGS
Bank
■■
-
0.8
Fifth Federal Reserve
District—Richmond—
Ten cities, five days
$10,473,835,039
$10,402,496,050
+
0.7
Other cities, five days
2,390^124,510
2,343,873,175
+
2.0
West
Virginia—Huntington
2 408 994
Richmond
Total all
cities, five days™
All cities, one
$12,863,959,549
$12,746,369,225
687,623,894
604,918,542
day
0.9
+
-
'
.
t
Carolina—Charlestoni.
Maryland—Baltimore
+ 13.7
District of
$13,551,583,443 $13,351,287,767
.
■
,
in
our
ends
issue of
week.
next
We cannot
furnish
Saturday, and the Saturday figures
them
today, inasmuch
Accordingly, in the above the last day of the week in all
.In the elaborate detailed statement, however,;.';which
t.
we
able to
are
has to be estimated.
cases
ending April 2.
For that week there
1.0%, the
bank
Outside of this city there was
week in 1948.
same
(including this city)
that in the New York District
appears
Philadelphia Reserve District of 10.2%.
District the totals record
in the Atlanta Reserve
and
decrease of
a
the totals show
1.9%
but in
of
the
6.2%.
In
District by 2.8-%.
San Francisco Reserve
the
an
In the Cleveland Reserve
District the totals
Distridrlhe totals
Reserve
17,177,510
—17.4
70,918,907
211,900,000
—10.6
4.8
14,184,232
52,763,321
198,300,000
3,941,539
3,457,629
8.0
68,380,944
69,432,364
6.7
77,960,820
71,591,254
14 183 947
206,300,000
4,193,471
88,991,192
5,601,140
—
we
furnish
396,979
131;425,082
585,793,341
615,247,467
-
Week Ended April 2
1,337,981
Rapids
Lansing
Indiana—Fort Wayne—..
12 Cities
2nd New York
12
^
'
Terre Haute
*
4th
5th
"
6
"
382,093,053
10
—
"
585,793,341
30,128,939
City.
9th
Minneapolis
Kansas
<£-.«;•
——
1,647,142
694,394,941
•
l'lth
.7 *:"
•
Dallas
10
6
"
12th,San Francisco—
10
"
* '""/• :'
We
;
[
,
.
1.9
220,535,527
182,514,629
612,128,699
545,681,365
;
1.0
12,681,019,573
Bangor
y
"Portland
,
I
'
•'.-,
+-
•>
.•
——————
-
Fail River_;
Lowell——
;
-
——
:
3,863,680
431,379,826
1,479,600
1,492,444
1
I
4,317,998
•
438,401,314
•-—
—
$
'0" V;■';•}
1,550445
1,878,711
■
£
.0:0 0
^
.
'
1,932/862
—10.5
..,,,4,239,697
+
1.7
437,818,579
—
0.9
*
-
6.1
12,754,466
•
9,721,498
"'989,714
-""899,645
580,593,654
3,538,799
2,570,656
1,003,223,246
—11.1
768,537,586
729,209,201
9.1
234,300,000
209,500,000
1.3
93,165,993
70,434,920
62,579,957
—
—
+
—
3.3
—11.8
—
2,115,123
,
81,093,468
1,515,666
1,326,453
399,416,579
354,499,878
■r
5.8
5,052,691
4,322,255
6.1
5.3
162,368,347
56,677,133
6,155,614
7.7
184,074,346
58,451,566
4,438,043
3/008,092
3,246,078
5.0
8,653,612
5.3
353,556,052
3,748,170
2,664,208
-
2,065,657
2,914,243
8,455,377
2.5
2,477,793
6,833,984
—
6.2
266,050,474
238,493,339
+
6.5
294,386
482,154
4,923,809
89,188,311
Tenth Federal Reserve District—Kansas
City—
584,602
3,886,505
548,825
'458,326
439,467
"635,977
6,740,031
107,260,960
7.1
110,824,882
5,114,986
4,753,693
11,1627,007
291,900,247
9,402,429
14>,162,230
1,072,155
1,869,428
1,020,599
1,652,719
402,317,776
Pueblo
—15.4
9,515,905
269,325,509
■Missouri—Kansas City
St. Joseph
Colorado—Colorado Springs
—11.2
6,277,493
99,662,864
Wichita—
"516,411
5,311,572
Omaha_____
,
400,145,503
1,849,797
3.8
80/935,219
C331,733,155
Total (7 cities)
Kansas—Topeka
,
1,930,225
.
5,511,981
246,045,456
8,196,116
Helena
Lincoln
435,720,184
—
+
7.6
—18.2
—
—
7.7
7.5
794,808
—14.2
0.„Y
617,361
<607,587
1,772,949
—20.9
6,949,858
+ 10.8
<10 cities)
4,691,376
212,695,786
■
•6,954,200
'6,527,846
5.1
1,493,057
2,188,991
1,534,695
1,346,346
7.7
418,101^04
328,838,909
1,712,163
7,698,459
Total
6,036,604
8,876,272
270,421,450
10,444,673
+ 13.1
+
1,409,740
1,492,817
681/963
■
5.8
"
2,725,889
3,159,291
1946
,
y.
—17.5
23,592,553
+
-
—18.3
3,163,906
Hastings———
Dec. %
$
31,119,992
—
t
•
+//.:
/•
1947
-
-42,324,330
2,779,243
t
3,523,085
Montana—Billings
Nebraska—Fremont
'
IhC. or
1948
1949, :
3,506,203
8,011,617
South Dakota—Aberdeen
Week Ended April 2
"
—
"
-
f
y.
:y;
* •'
;
North Dakota—Fargo
detailed statement showing the figures for each city for the
'
50,228,186
+
4,267,102
5,303,800
221,014,576
85,215,057
5,680,409
Minneapolis
5,384,248,907
J"".
1.3
—17.1
District—Minneapolis—
St. Paul
15,234,870,858
5,855,548,042
our
33,992,000
3,579,041
*
Ninth Federal Reserve
328,638,909
6.1
•■,
'
Total (4 cities)
238,493,339
418,101,404
—
Massachusetts—Boston
(
266,050,474
7.7
—
April 2 for four years:
Clearings at—
•
6.2
6,983,133,110
1
•
-
—2.8
4,623,269
7,802,292
,
354,499,878
13,942,4O102SL
add
Louis..
Illinois—Quincy
729,209,201
,
6,558,088,074
'? First Federal Reserve District—Boston—
Maine
768,537,586
399,416,579
13,800,786,029
'
v
now
week ended
3 .
701,72026
'
3,698,298
38,661,000
0.8
493,166,765
522,962,840
5.8
111 cities
Outside New York
•"
682,363,678
4,633,299
—15.6
5.4
468,890,731
+
260,638,944
265,605,493
"
—17.1
—
—24.5
441,901,684
—
.
7,012,683
3,535,146
—12.1
1,796,047
818,041,228
—11.1
435,720,184
1,244,915
9,010,163
5,270,278
5,748,596
83,436,713
822,246,298
City————
cTotal —i
J
353,558,052
1,441,053
7.1
—
2,388,437
103,653,568
86,301,108
2,036,055
Missouri—St.
340,402,242
402,317,776
-
5.0
—11.3
10,690,688
276,900,000
362,446,939
331,733,155
,
—
891,945*,066
Minnesota—Duluth
-"
493,166,765
2,733,414
104,968,924
4.8
522,962,840
4,342,450
2,878,627
251,700,000
—
4.8
—
363,004
9,393,426
.■
Kentucky—Louisville
—
103,144,658
588,904,779
2,599,901
Tennessee—Memphis
5.8
468,890,731
363,908
97,579,291
—12.0
10,102,270,996
—
1,003,223,246
5,189,406
8.1
—
789,514,368
7,085,303,332
405,547,003
891,945,066
6,031,156
6.4
—
Eighth Federal Reserve District—St. Louis—
627,244,085
441,901,684
2,504,101
—20.9
—10.5
474,708,221
687,794,864
"
+
6.0
11,324,842
1,170,230
-
515,495,031
3.0
"
City—L
$-
,
—
4
—
—
12,678,810
50,339,030
174,800,000
3,124,138
1946
1947
820,301,936
-16
Chicago
6th St. Louis
10th
»
31,994,461
12,012,115
Illinois—Bloomington
Rockford
—10.2
1,053,624,924
7%,394,751+
0
4,259,580
6/3
—
615,24067
946,144,749
56,405,207
3,531,357
+ 3.4
7,302,339,018
7
Richmond
7th
7,554,059,466
"
521,087,,1.98
"
.0
Cleveland
6th Atlanta
519,623,817
■+
2.6
t
57,139,227
Des Moines
Total (16 cities)
$
6,447,398
+2,461,572
Wisconsin—Milwaukee
Iowa—Cedar Rapids
Chicago
Dec. %
7,021,994
56,697,000
6,392,611
Decatur
Inc. or
'
-
11
3rd Philadelphia
'
$
<
4,520,972
5,817,838
South Bend
CLEARINGS
9,607,707
47,86000
Indianapolis
Sioux
1,408,681
803,214
4,011,784
Grand
0 J.. V-+ ' + ;.•
1948
$
T
Boston
let
BANK
1949
Federal Reserve Districts
-
.
OF
SUMMARY
-
—
District—Chicago—
Michigan—Ann Arbor
Springfield
*
7,082,229
371,709
Seventh Federal Reserve
by Federal Reserve Districts:
a summary
83,400,116
120,829,505
Orleans
Peoria
following
3.098,469
85,893,816
78,986,180
Mobile—
*
In the
3,954,359
2,948,447
Louisiana—New
larger by
are
smaller by 7.7% and
are
34Q.402.242
Mississippi—Vlcksburg
The Chicago Reserve District suffers
Dallas Reserve
the
Kansas City
362,446,939
Macon——
3.0%, in the Richmond Reserve District of 5.8%
District of 4.8%.
5.8
Florida—Jacksonville
decline
a
11.1%, the St. Louis Reserve District of 5.8% and in the Minneapolis
District
Reserve
in
loss of
a
405,547,003
loss of 6.1%, the
improvement of 3.4%, but in the Boston Reserve District the totals show
of 0.3% and in the
178,841,496
58,552,795
Augusta—
located and from this
are
3,035,927
171,963,642
68,024,779
OS.WtsO
Georgia—Atlanta
We group the cities
increase of 4.1%.
an
2,839,950
—10.8
—11.4
District—Atlanta-
Total (10 Cities)
clearings at this center have recorded
according to the Federal Reserve Districts in which they
it
a
+ 144.2
199,142,038
Nashville
of
aggregate
clearings for the whole country having amounted Jo $13,800,786,029 against '$13,942,401,729 in the
2,093,714
382,093,053
Alabama—Birmingham
of
decrease
a
was
the week
—
3,154,797
2,537,139
-76,231,050
Tennessee—Knoxville
present further below
we
give final and complete results of the week previous
"90,049,310
7,705,020
(6 cities)—
Sixth Federal Reserve
the week
as
7,829,000
106,813,429
appear
not available at time of going to press.
are
10,218,000
3.2
+
67,559,199
..
Complete and exact details for the week covered by the foregoing will
—10.2
177,705,262
Columbia—Washington
1.5
+
Total
'
I
' Total all cities for week
—11.9
11,700,000
112,584,836
116,202,578
South
cS
'
2,734,282
10,512,000
•Virginia—Norfolk__
-
—
'
New Bedford
I
4,987,051
Springfield
'Worcester
10,780,632
—12.6
8,390,981
<8,738,795
25,569,600
—
8.4
23,967,300
—21.0
1,163,376
9,422,437
+
1,426,777
1,127,250
521,087,198
519,623,817
York—Albany—
103/106,268
.•
*
2,660483
Bihghamton
Bilffalo^
—
0.3
.
4,596,319
Eleventh Federal Reserve District—Dallas-
Texas—Austin
1,268,465
515,495,031
Fort Worth
Galveston
82412,402
Total
•
L
.New York
2,756,585
+-
—10.4
—
<
3.5
2,511483
•.
2436,284
79,553,689
78,259,223
+
1.7
€1,640,481
56,586,635
1,426,517
+
8.2
1,346,365
1,011,139
1,711,476
—15.8
1,749,162
(6 cities)
265,605,493
j_.
Washington—Seattle
♦
9,161,215
260y638,944
108,869,377
7,241,797,955
6,953,268,619
17,575,604
"17,267,162
12,606,551
12,107,335
10,325,171
+
+
4.1
1.8
8.3
+ 17.3
—
6,825,471,531
123,778,376
48,889,649
12,150456
11,360,578
<
San Francisco
8,949,472
358,196,427
i
■8,241,052
11,431,162
125,631,713
48,868,652
'11/326,931
7,330,663
375,805,777
0,840,476
4,121,765
8,51®/949
California—Long Beach
15/580,253
11,676475
2,884,966
Utah—Salt Lake City
9,850,621,951
.18,361,324
»
109,203,114
3,589,901
Yakima
Oregon—Portland
1,458,143
11,557,000
Rochester..
5,761,797
3,956,010
3,680,496
8,526,891
Pasadena
Jamestown:
21,582,606
+
+
—
4
—
—
+
7.6
4,749,495
7,050,542
2.9
146,592,000
6.9
180,397,000
20,510,144
4,185,000
2/637,043
6,056,845
1.9
220,535/527
162,514,629
1.0
93,516,098
82,053,053
3,680,661
'4.3
2.2
7.4
16,640,066
4,185,000
2,152,124
'5,894,897
Twelfth Federal Reserve District—San Francises
.115,037,339
✓
1/440,630
-
8,705,316
213,472,000
5,886,000
Wichita Falls
Louisiana—Shreveport
474,708,221
77,206,026
7,212,770
219,635,748
20,663,488
Dallas
.21407,600
-
1,543,075
I
Elmira
1
23,520,899
—
5,884,420
Second Federal Reserve District—New York—
New
.
22,258,152
23,426,190
—.
Total (12 Cities).
'
—13.9
,1"
New Haven.
New Hampshire—Manchester—
,
29,607,044
J.
Rhode Island—Providence
,
2.5
25,492,551
-
Connecticut—Hartford
J
5,116,551
J
,1,759,244
** > 6,760,982
* 4,736,710
San Jose
9,601,306
•Santa Barbara
3,482,605
Stockton
5,656,509
—
+ 20.3
"3/278/215
1.5
85,304.820
+
0.1
■+
7.3
40,942/742
«,136,841
7,548,647
—
4- 22.1
—
—
4.7
2.4
—15.5
-^13/1
353,651,994
<9,381,468
3,404,207
6,909,167
74,099444
31,034,166
7,992490
•6,915,612
322,640,312
'7,792/146
2,910,790
5,956,891
*
Con necticut—Stamford
-
New Jersey—Montclair
Newark
Northern New Jersey.
681,573
795,407
42,182,068
46449,810
39443,186
56,835,158
7,554,059,466
7,302,339418
—13.1
512,864
33,865,520
31,995,175
—
701,725,026
—
2.8
812,128,699
54501,365
13,942,401,729
—
1.0
12,681,019,573
15,23400,858
—29.9
39,530439
40,440,665
6,558,886,074
6,083,133,110
—
6.1
5/855,548,042
5,384,248,907
3.4
7485,303,332
10,102,270,996
■
Grand Total (111 cities)
Outside New York
+Not
"Total (12 cities)
662,363478
13,800,766,029
726,719
8.4
Total (10 cities)—
+
Included
tNot
available.
in
totals.
,
—
-'H
'
"
44
COMMERCIAL
THE
(16001
CHRONICLE
FINANCIAL
&
Monday, April 11, 1949
NOTICES
Foreign Exchange Rates
Aroostook
requirements; of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the world. We
give below a record for the week just passed:
CERTIFIED BY FEDERAL RESERVE
RATES
EXCHANGE
APRIL
1,
APRIL 7,
TO
1949
Value
Noon
and Monetary Unit
Country
in
BANK TO TREASURY UNDER. TARIFF ACT OF
1949, INCLUSIVE
United
States
bonds, due 1957Fonda, Johnstown & Gloversville RR.— "
1st mortgage, 4% bonds, due 1991—
—
Marcy, 1st mtge. leasehold 6% bonds, due 1950—
1930
Apr. 5
1st
.251247*
.251247*
.251247*
.297733*
.297733*
.200000*
.200000*
.200000*
3.209160
3.209160
.022787
.022750
.022750
.022750
.021425
.021808
.022043
.021900
.054406
.054406
.054406
.054406
.054406
1.000000
1.000000
1.000000
1.000000
1.000000
.937187
.935156
.934531
.934687
—
—
Foreign "bank notes" account
Brazil, cruzeiro
—
-
.301166
.301166
.301166
.301166
Czechoslovakia, koruna
.020060
.020060
.020060
.020060
.020060
England, pound sterling
.208535
.208535
.208535
.208535
4.028750
4.027500
4.028125
4.030000
.203535
—-
Closed
4.029804
>
18
1339
Pag«
May 1
debentures, due 1962—Apr 15
1441
1
Official—
.003132*
—
...
/*■'.
.004671*
.004671*
.003132*
3%%
bonds, due 1972—
&
4(4 %
dated
bonds,
Co.,
Vulcanized
Pennsylvania
1
1008
Jun
1
May
1
1336
1454
Apr 21
1337
1936
debentures, due
3%
Fibre
1958
Co.—
debentures,
due
1960
Water & Power Co.—
mtge. and
collat. trust bds., 3(4 %
.143522
-----
.143481
.143448
4
.376183
.376087
.376125
3.987620
3.988242
3.990090
.201580
.201580
.201580
.201580
Norway, krone
.201580
—
.497240
.040321
.470833
.497240
.41)7240
.040325
.497240
.497240
Philippine Islands, peso
.470833
.
Portugal, escudo
fltraits Settlement, dollar——
Sweden, krona
.278228
.278228
.278228
.233629
.233G29
.233629
4.007500
•
4.007500
4.007500
.658300*)
.658300*)
.658300*+
.588223*t
<
4.007500
.658300*)
V
.588223*t
.588223*)
.588223*)
.588223*)
.561799*)
—
———
.470833
.233629
.658300"t
———
Uruguay, peso——*———
Uruguay, peso
.040325
-
.278228
4.007500
Union of South Africa, pound
Uruguay, peso
f
.278228
—
—
.470833
.233629
—
Switzerland, franc—
■aV
.470833
-
——
.040325
.040325
—-
.561799*)
.561799*)
.531909*)
.531909*)
;
.561799*)
t
.561799*)
.531909*)
.531909
—
.531909*)
tApplication depends
1
Statement of Condition of the 12 Federal
Reserve Banks Combined
Increase ( + ) or decrease
1949
Redemption
S.
608,684
1,536
23,075,115
1,534
37.525
212.904
85,212
—
cash
advances, aav—,
and
Industrial
loans
*
5,173,871
126,448
6,886,979
i
20,000
Notes
Bonds
R.
30,340
—
47,720
—
2,844
—
loans
and
3,403,857
125,400
+
231,848
+ 1,119,163
317,062
.!
49
109,691
9~981
63,623
32;156
19
?Te7,ilf>2
279
47.078,998
items
429.427
—__
assets
—
1,068,599
+
46
—
2,391,968
other banks,—
Notes of
2,542,686
+
21,810,213
securities—
foreign banks——
Uncollected
—3,297,680
9,151,100
securities,
Bank premises
Other
1,189,300
+
21,596.550
—
Total U. S. Govt,
from
27,961
—
—1,529,700
384,600
Total
1,217,261
+
securities:
Govt,
Certificates
F.
2
759
1
Bills
Due
$
2
+
assets
;
——
Liabilities—
Federal
was
Chicago and a total of $250,000,000 at all reporting mem¬
Holdings of United States Government bonds
decreased $45,000,000 in Chicago and increased $35,000,000 in New York City; the net decrease at all reporting
member banks was
23,423,433
Deposits:
-
bank—reserve
Member
U.
S.
Treasurer
Foreign
—
111,021
581
—
1st
mortgage
Ohio
Power
Peoples
1st
5s, series A,
Co.,
6%
Brewing
19,311,322
1,115,562
611,440
492,736
—
+
—
—
292,759
562,679
-82,768
3,474
—
Total
deposits
21,531,060
availability items
Other liab., incl. accrued divs.
2,059,460
._
14,356
—
—
356,162
145,466
646
—
Silk
Co.
Hosiery
Tennessee
liabilities
posits credited to domestic banks increased $128,000,000
in
Chicago and decreased in all' other districts, the
largest decrease being $104,000,000 in New York City;
the net decrease at all reporting member banks was
Coal,
A
summary
Mills, Inc.,
2,405,900
+
of the assets and liabilities of reporting
Mar.
Assets-
and
+
13b)__
—
'
brokers
S.
U.
or
152,158
466,711
and
U.
—
429,427
S.
for
S.
of
serves,
note
gold
certificate
51.3%
Contingent liability on accept¬
ances purchased for
foreign
correspondents
^
Commitments
to
make
+
o CO
0.2 %
+
+
3,259
'+
747
—
1,382
4,420
Condition Statement of Member Banks
purchasing or carrying:
obligations
securities
The condition statement of weekly reporting member
the Federal Reserve System in
leading cities
banks of
following
principal
ended March 30: An increase of
decreases
of
Government
changes
for
the
and
week
$338,000,000 in loans, and
$930,000,000 in holdings of United
securities
Commercial,
industrial,
and
amounts in most of the other
of
$58,000,000
agricultural
and
districts; there
loans
de¬
was
a
net
at all reporting member banks.
United States Government and other securities increased
$256,000,000, largely in New York City.
increased
$135,000,000.
($300
Loans to banks
common——_
81
——
200
par)—.
22+2
Co., common
& Dowse
39
8+4
DIVIDENDS
Dividends
first
which
week.
Then
which have not yet been
ord of past
the
under
securities—total
Further details and
paid.
dividend payments in many
in
name
company
News
215
+
553
+
41
+
+
12:,.
Distilling
Fire
8
—
+
.
—
+
+ '
8
+
930
—
632
—
—
—
—
—
250
+
40
iquar.)„
—
Allegany County
(quar.)
& Casualty
Co.
5%
preferred
8
—i
,—
+
+'
291
785
17
1,996
26
V
+
81
43
455
93
5%
Appalachian
Atlas
2,683
Atlas
879
:
.+
—
common
Electric
Ault
preferred
—
(increased quar.)—
Co.—
/*'.
Power
(quar.)_
—
(reduced)-———
Powder
Co., 4% conv. pfd. (quar.)& Wiborg Proprietary, Ltd.—
Plywood
Coip.
preference (quar.)__
Co.
(reduced)
5(4%
Bareco
Bartgis
————
Bros.
deposits adjusted
deposits, except Government
44,909
15.121
+
3
U.
Government
2.184
+
87
deposits
52
Eates
1,742
Beech
33
241
&
Aircraft
Co.
Shoe
Electric
5c
;t50c
-"25c
20c
40c
25c
70c
-< 6214c
—
(quar.)
Co.
...—
—
(quar.)
Foreign banks
1,388
Interbank
during
and
+
+
388
Blue
+ '
814
Booth
14
458
Boston
S.
Govt,
Fisheries
_
preferred
(quar.)A_-'
(quar.)—.
(quar.)
!
Fund
American
Amer.
(interim)
pfd.
(final)
registered (final)
Pulp & Paper,
preference (accum.l
Brockton
Year-ago
figures have been
adjusted to
a
gross
basis.
7%
t
Gas
Jackson
Byron
Canadian
Redemption Calls and Sinking Funds
Below will be found
and
common
4%
a
list of corporate
stocks
called
for
Power
&
South
Store
Quarterly
Chicago
Molded
Cleveland,
-Ry.,
5%
Cleveland
8
6-2
5-
1
4-15 ~
4- 4
5-16
4-30
?$1.25
5-16
30c
(quar.)
5-16
:—
(quar.)__
4-29
:
•
4-30
40c
Corp.
7-
1
6-11
7-
1
6-11
(Texas) —
$1
(Mass.)
Chicago
&
4-15
5-31
4-29
75c
5-1
4-20
10,c
4-22
3-31
—
;
St.
5- 2
20c
(quar.).,
Trust
Products...——
preferred
6-2
7-
50c
-—
Cincinnati,
2-25
7
7-8
i-15
—
pfd.
Co.
Estate
Hobbing
2-25
4-
25c
<quar.)___.
_
3-23
4-29
$1.75
Light
West
4-20
1
4- 7
)$1.75
—
—
common
Real
4-20
5- 1
5-25
lOd
(quar.)
&
preferred
Central
Chain
Co.,
preferred
4-15
4-20
1
Ltd.—
(quar.);
(s-a)___
4-15
1
4-
4 9/10c
—
/
Utilities, Ltd., 5%
I.)
(J.
Central
bonds, notes,
redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
the current volume (except where indicated) in which
the details were given in the "Chronicle."
preferred
Case
(interim)
Co
Co.
Capital Estates
7%
Notices
Light
3-28
4-13
4-16
4-15
4-20
5-
——10d
British-Columbia
reported.
4-14
4-15
4-15
5-.1
4-30
5- 2
4-30
5- 2
4-25
5-
19(4c
:—
Ordinary
tBeginning June 30, 1948, Individual loan Items are reported gross,
I.e., before deduction of valuation reserves, instead of net as previously
.
Ltd.—
Co.,
5%
receipts for
dep.
Ordinary
,<
$1
—a-—
deposit receipts
5- 2
5- 2
$1
16c
—
Corp./ class A
Tobacco
'
25c
(quar.)—
common
preferred
British-American
20,692
5%
Corp.,
Brandon
accounts,
week
Corp.,
47
deposit accounts, except
U.
Ribbon
13
+
186
347
,
demand
Bloomingdale Bros., Ioc
177
_
4-11
4-18
4-20
<
(quar.)
Stores
Berland
431
564
5- 2
5- 2
5- 2
t$ 1.37(4
—-
(quar.)
Coip.
V.'atch
Benrus
4%
7,917
Borrowings
to
__
3-31
4-20
4-20
4-15
10c
Co. (quar.)
Innes, Ltd.. $1 class A (s-a)—
Birtman
Demand
5- 2
5- 2
4-25
Oil
1,975
4- 8
75c
$1.25
75c
V—
$1.12(4
37(4c
$1
——__—_
'
4(4%
4-29
4-15
•
—
(quar.)
Anderson, Clayton & Co.
256
209
Viscose,
50c
$1.25
—
Kans.i—
(quar.).
preferred
4-15
6-15
4-15
4- 5
4-18
"
—
(Abilene,
Co.
Holdert
5- 2
7- 1
4-29
4-15
4-28
25c
75c
$1
50c
(quar.)_-
Telephone
1,378
14
+
13,888
—
3
135
+
4,387
Banks
vault
American
American
—
When
50c
Inc.
of
Co.
American
90
205
rec¬
given
Payable of Rec.
Share
Corp.
Petroleum
American
+
are
"General Corporation
our
Corp.
Laboratories,
American Coal
_
cases
Per
394
31,750
securities
S.
in
Department" in the week when
Name of Company
+
25,136
Reserve
table
The dividends announced (this week are:
58
-
927
Federal
second
a
declared.
Amerada
3,851
with
with
follow
we
show the dividends previously announced, but
we
Allied
308
loans
in
In the
grouped in two separate tables.
are
bring together all the dividends announced the
we
1,582
*
by smaller
Loans to brokers and dealers for
purchasing or carrying
.
88
Adams-MiUis
$564,000,000 in demand de¬
$23,000,000 in New York City
decrease
30
1,717
4,083
States
posits adjusted.
creased
common——
($25 pari
George E. Keith Co., prior preferred ($100 par)
George E. Keith Co., junior preferred ($10 par)—
Bigelow
+
433
loans
Treasury notes
Debits
the
1
$1 lot
Athenaeum
Boston
1,049
501
Interbank demand deposits:
Domestic banks
shows
1
+
Time
—
Wednesday,
Building/
Exchange
■
274
on
$ per share
Manufacturers National Bank Realty Trust,
100
338
4,624
Cash
—
Liabilities+
indus¬
trial loans
& Co., Boston,
(Orlando, Fla.), annual
Balances with domestic banks
5,266
168.
Pennsylvania Gas Co., common.__
Exchange Building, preferred; 5Mr Bos¬
Insurance
ton
342
1,063
Reserve
combined
578
1,047
obligations
Government
Government
Other
re¬
to deposit and F, R.
liabilities
51260
flVol.
167.
Insurance
Boston
+
Treasury bills
+2,131,029
—
pur¬
U. S. bonds
Ratio
5
+
Treasury certificates of indebtedness
Total liabilities & cap. accts^ 47,878.908
§Vol.
166.
1948
agricultural
dealers
securities
estate
Other
79,596
+
Central
100
25,332
Loans to banks
18,522
6,183
fVol.
STOCKS
Shares
carrying:
loans for
U.
and
Government
Other
1,963
27,543
accounts.—
1339
1491
April 4:
Mar. 31,
1949
14,904
to
chasing
100,320
Real
(Section
capital
1
Auction Sales
25,034
Other
Other
Mar. 23,
30,
61,171
loans
2,492,381
—
Investments—total
Loans—grosst
!
Commercial, industrial,
3,156
—
6,463
Surplus
1
1007
1454
§1591
K
Anytime
stock
1951
this Issue.
Transacted by R. L. Day
(in millions of dollars)
Loans—net
113,703
+
27
7)_—„
——-May
--July
2024
due
preferred
7%
due
5s,
In
and Investment
24,066
—
204,277
(Section
1
1
Co.—
Inc. (+ ) or
+2,026,448
Surplus
bonds,
member banks follows:
363,650
—
435,637
—;
15
.Jun
Jun
1952.,
:
,
Borrowings decreased $119,000,000 in New York City,
$34,000,000 in Chicago, and a total of $186,000,000 at all
reporting member banks.
Capital Accounts—
Capital paid in
15
Trenton—
Iron & RR.
mortgage
current
$177,000,000.
+2,131,029
47.028,309
._
due
debenture
of
$65,000,000 in New York City. United States
Government deposits increased $£7,000,000. Demand de¬
Other
Total
t2410
1332
1333
creased
Loans
Deferred
Apr
extended bonds, due 1953—
mortgage
Real
Demand deposits adjusted decreased $561,000,000 in
Chicago and $45,000,000 in the Richmond District, and in¬
Loans
acct.
—
Other
66,637
Page
—Apr
1st mortgage and general mortgage bonds
New England Telephone & Telegraph Co.—
100
17,534
+
-
acct.
gen.
+
Date
Fiduciary Management, Inc., 4% preferred stock
5000 East End Avenue Building Corp.—
$8,000,000.
1949
notes
*
CALLED
ISSUE
Company and Issue—
ber banks.
2,416
—
—
$632,000,000. Holdings of Treasury
decreased $116,000,000 in
t
Reserve
1491
1
Appalachian Power Co., 6% debs., series A, due 2024—July T
Hotel, Inc., series C debentures, due 1955—Apr 21 '
$295,000,000 in New York
and $51,000,000 in the San
decrease at all reporting
Dec. (—) Since
Total
1
stock___July
$3.75 preferred
Co.,
decreased in all districts,
indebtedness
of
R.
F.
gold ctf. reserves
Discounts
U.
for
1,
1948
302,704
notes
Total
Other
22,466,431
fund
Apr.
$
$
certificates
(—) since
1949
Assets—
Gold
banks
certificates
Mar. 30,
.
bills
principal decreases being
City, $169,000,000 in Chicago,
Francisco District; the total
Holdings of Treasury
the
member
dollars)
Apr. 6,
May
1970_^_
Commodore
•Announcement
(in thousands of
1490
1339
1
merchandise.
type of
upon
Oil
due
ENTIRE
General
rate,
•Nominal
Associated
Water
*
1
ser.,
Co.—
bonds,
.143448
.376087
"
3.988860
Closed
3.990090
—
Gas
3(4%
mortgage
.301678
.003130*
.301678
.143481
.376125.
Netherlands, guilder
New Zealand, pound
1st
Tide
_
California
Southern
16
1451
l
May
due 1964-May
Pittsburgh Steel Co., 1st mtge. 4(4% bonds, due 1958___May
Roberts & Oake, Inc., 1st mtge. 6% bonds, due 1954— .May
Sherwin-Williams Co., 4% preferred stock
—Jun
.003130*
.301678
.003130*
•
—
—
Uruguay, peso
.004671*
.301678
Free
India, Dominion of, rupee
Mexico, peso
.004671*
.004671*
1
——-—
1442
1
series C bonds, due 1975-May
debs., due 1961_May
20-yr. 3%
2nd mtge. 3%
—_,
franc—
France (Metropolitan),
1218
,
1963——4—.—————May
due
mortgage 3(4%
(Johni
15-year
Ref
series A, due 1967..
Co.—
Power
mortgage
National
.301166
Ceylon, rupee
Denmark, krone
Apr
Transfer Ry.—
Minnesota
Morrell
—
Free
1453
Ry.—
Tire & Rubber Co.,
Placid Co.,
Lake
1st
Canada, dollar—
Official
18
REDEMPTION
20-yr. 3%
3%s,
mortgage
Firestone
.022750
"•
bonds,
3(4%
1st and gen.
.021575
.936718
Belgium, franc
*
Apr
RR.—
Charlotte Air Line
&
Connecticut
3.211150
3.210159
Closed
3.211150
—
•
2
Date
Southern
Great
mortgage
1st
.200000*
'
.200000*
r--—_—
Australia, pound——
1st
Atlanta
.251247*
-•
598
May
1973
bonds, due
mortgage
American Tobacco Co.,
$
$
.297733*
.251247"
—
Apr. 7
Apr. 6
•■'■■■
$
.297733*
Fag«
14
Apr
Company and Issue—
.297733*
-
12
Quaker City Cold Storage Co., Inc.—
York
$
$
$
due 1961_Apr
income
PARTIAL
Apr. 4
Apr. 2
Apr. 1
ref. mtge. 4J/2s,
1st &
Corp.—
4%
mortgage
Alabama
Argentina, peso—
'
For "regular" products
For "non-regular" products—
For certain industrial products—
Coal
Money
for Cable Transfers in New
Buying Rate
1st
Date
Valley RR.,
DeBardeleben
Pursuant to the
FOREIGN
TENDER
OF
Company and Issue—
v
~
Lcuis^ '
'/*'"
(quarjv--—-'-—$1.25.;;
Machine..,.—.—
20c
„
4-30
4-15
5-
4-20
2
Volume
169
Number 4793
THE
Per
Name of Company
'
s
Share
...
«
Clinton
Industries. (monthly)
Monthly
;__.u
Monthly,
Mills,
Inc.
Concord
6%
Electric
1
4-16
Seaboard
6-
1
5-16
5'/a V
1
7-
6-16
25C
4-29
4-20
$1.25
Coip.__i__—-_—..
Consolidated Dry Goods (extra i
Consol-dated Laundries*.) quar.)
4-
4
4-15
4-
6-
40c
5-16
1
4
Trust
Co.
(N. Y.)—
1-
—
$2
Mfg.
Co.,
class
*,•$8 debenture, stock
Di
Giorgio Fruit,
Glass- B
Diocesan Investment
4-25
Slater
5-16
South
Dlsher
Steel
^1.50
Dominion
DOw
Coal
Co.,
Drug. Co.,
"7%
4-11
4(4%
5-16
4-25
Standard
Fuel
Standard
Shares,
Radio,
4-11
6'i<
pfd.
2
5-
4-14
___________
5-
3
4-
15c
6-
1
5-20
$1.75
___.
.7-
1
United
8
6-20
Class
5-
1
6-23
Wentworth
4-30
4-18
White
<.
participating
preferred (quar.),
Sugar Associates, $5 pid. (accum.),.,
Employers Group Associates (quar.|i___—
m
Wellman
Fund
Trust
4-22
Co.
,
*
33/4%
Fort
Pitt; Brewing
Co.
Franklin.
Gamble-Skcgomo,
General
General
Shoe
Ggrrard
(S.
riartford
(quar.)
•
5%
preferred
Home
$4
Hussmann
Institutional
Shares—
and
Bond
4-30
4-18
5-16
4-14
4-30
4-18
5-30
5-26
10c
4-29
4-12
Oil
5
4-
1
5-
2
4-15
5-
1
4-22
$1
.
Refining
2
,,4-15
2
4-20
5-16
r
~
4-11
5-31
75c
5-
4-15
,
5-31
4-30
30c
5-
1
4-20
$1.12 J/2
5-
1
pfd.
5-
7'/ac
<quar.)_
13%C
(quar.)
Lamaque
Mines,
Ltd.
+12c
(F. & R.) & Company tquar.r_____
Gold Mines, Ltd.* iquar.)
McNeil & Libby (s-a)
Libby,
Printing
$3.50
preferred
LOkisville
.
i.Luzerne
&
RR.
preferred
Mailman
Co.
Manhattan
Marconi
Bond
International
'•
•
"$3 preference
McBrine (L. M.i
Melville
*
'
•
4%
Mercantile
Stores
Messenger"
Co.
New
York
New York
Northern
,
Ontario
Outlet
&
5V
f
Coal
cony,
prior
Pennsylvania
Permanente
Pleasant
$5
(J.
,
New
$3
Reliance
$2.10
Tnc.
4-19
4-15
5r
2
5"
1
50c
iquar.)
8.
&
4V
St.
Joseph
St.
Paul
L
Stock
Fire
&
Stores,"
55-
20c
r
Marine
&
&
Gas
Co.
Fisher,
Inc.
International
Investing
Allied
Stores
common
Corp.,
Almagamated
Aluminum
4%
Sugar,
Co.
of
Common
;
Corp.____L___
Leather
Cos.,
3-16
4-
Buchanan
2
4-30
3-18
5-2
5-4
10c
4-15
3-25
k
(N*. Y.)—
-
,
CO.
4-15
25p
New
40c
(quar.)
*
'
4-21
2
4-15
6-
1
5-
2
6-
1
5-
2
4-14
4-
7
5-
2
4-29
4-12
4-29
4-15
4-10
4-
1
4-15
4-
5
4-30
4-15
5-
2
4-22
4-30
5-
2
4-22
5-2
4-22
5-13
4-29
*
4-30
4-20
5-
4-20
'
(Initial
4»/2%
quar.)
preferred
25c
;
5-31
5-16
4-21*
Corp.
Insulator
Corp
Light & Traction
preferred
(quar.J
American
5%
4Vj%
Metal
American
American
American
American
7%
1st
American
Co.,
$5
4-15
4-
30c
5-2
4-15
5-
2
4-15
97Vac
4-15
3-31
*
Amoskeag
Co.,
'
25c
common....
common
Fire
(quar.)
Wire
&
2
4-11
4-15
3-29
7%
3-25
Cable
75cu
Power
Bronze
(quar.)
_
Converters,
Canadian
Dredge
(s-a)
4-15
$1.75
4-15
&
common—.
6
Common
(s-a)
(quar.)
Argus
Corp.,
4'/2%
6%
3-15
'
Arizona
Edison
5-
2
1
6-14
7-
1
6-14
Co
50c
,
Co.,
(quar.)
8
5
(quar.)
:
Armco
Steel
4-11
(quar.)
3-21
t56'/4C
Ltd.,
common
i__
5-2
Associated
4y2%
5%
6-30
1
4-29
$1.25
7-
1
6-15
$1.25
10-
Lamp Co.,
Cos., Ltd.
Atlas
Line
(quar.)
&
1
9-15
Carrier
4-20
Caterpillar Tractor Co.
30c
4-29
4-
4
Celotex
4-29
4-
4
5%
$1.12y2
4-15
3-15
f22y2c
'5-2
4%
(quar.)___
5-
$1.50
30c
(s-a)
$2.50
;
prior
4-
3-29
$1.20
convertible
prior preference
preferred
$1.75
2%%
6-1
5-4
5-
2
4-15
4-28
3-11
$20c
5-
1
4-15
$37c
5-
1
$20c
5-
1
4-15
4-16
3-11
$5c
4-15
5-
40c
4-20
3-31
4-15
3-31
$1.50
4-15
3-31
1
4-15
4-15
3-31
5-14
4-30
5-14
4-30
5-2
4-9
50c
$40c
4-15
3-31
4-15
3-31
$15c
4-25
3-18
4-15
3-29
7-30
7-15
5-
2
4-11
5-
2
4-11
$18%c
4-30
4-
5-2
4-6
5
8-2
11-
2
2-2-50
7-6
10-
6
1- 4
1
3-23
5-10
4-25
$1
5-2
5-
2
4-
5
4-4
(quar.)_
30c
5-
1
4-20
(quar.)
30c
5-
2
4-15
3-31
3-31
4-30
3-31
4-14
3-15
5-2
4-4
5-2
4-4
4-15
3-11
5-14
4-20
4-15
3-30
5-
1
4-15
3-15
6-15
1
5-15
9-
1
8-15
37V2c
(quar.)
7-15
6-
12-
1
11-15
37V2c
$1.25
(quar.)
4-
50c
(quar.)
4-20*
5-2
4-7
$1
5-2
4-20
3-31
8
4-15
5-31
5-14
50c
4-30
4-
8
25c
4-30
4-
8
37y2c
4-15
3-31
Gas
Coal
Coke
New York Power,
&
Co
&
Electric
Corp.,
Ohio
Light
&
3.40% pfd.
Power,
com.
13c
5-2
4-11
50c
com._
Co
5-
1
4-15
1
(quar.)
85c
6-
(quar.)
40c
4-15
4-
5-
2
4-1
2
4-
5-10
1
'
Store
4'/2%
Investment
convertible
Fund,
Chesapeake
Corp.
&
3V2%
Y.)
56V4c
(quar.)_
40c
5-
He
(N.
(quar.)
4-15
3-31
50c
5-16
5-
87V2C
5-1
4-1
$5c
5-16
4-31
Inc
of
Ohio
convertible
Chesterville
Corp.—
prelerred
National Bank
Chemical
Chesapeake
5-2
3-31
4-15
50c
4-5
'i
4-15
75c
Hudson
5-11
4-15
6'
4-14
$20c
$10c
(quar.).
4-15
,.v
convertible
$1.12ya
(quar.)
Central
4-15
2
Chase
-
93^0
$1.20
2
37y2c
Ry.
preferred
Aguirre Sugar
Chain
4-12
5-
Corp., common (quar.)
preferred
(quar.)__
Central
J25c
f25c
Inc.—
Corp.,
Central
.
L
pfd.
6-10
$10c
Light Co., com
Co., 4% preferred
5- 1
(quar.)
5%
20c
$20c
&
Paper
Central
(quar.)_
(quar.)
Co.,
Power
Carpenter
$1.25
(increased).
Ltd.^_J
Nichols
preferred- (quar.)
preferred (quar.)
Clinchfietd & Ohio
6%
Central
Co.
RR.,
preferred B
Steels,
6%
30c
(quar.)___:
& Santa Fe Ry.
Electric
7
7
Ltd.
Carolina,
Carolina
Atlantic Refining Co.—4% preferred A (quar.")_
3.75%
/•*
4-29
1
'
710-
$10c
—
6-23
6-
(quar.)
(quaf.)L___
7
7-28
10-28
$17y2c
(quar.)
Western Lumber, Ltd.
Quarterly
Quarterly
Capwell, Sullivan & Furth 6% pfd.
6-23
6-
Telephone Co^.Ltd.—
4-
$30c
Refractories, 4J/2% pfd. (quar.)_ $$1.12y2
Vickers, Ltd., $7 preferred.,.
$$52.50
Canadian
4-11
6-30
preferred
preferred
7
$30c
$30c
Oil
Canadian
2
5-
$3
preferred
7
4-
$10c
Motor
Canadian
4-8
t!5c
4Va%
4-28
7
7-
$$1.75
Ltd.
Extra
3-28
4-13
Co.,
Corp.,
$30c
4-28
4-
10- 7
$$1.50
Investments, Ltd.
Industries,
Canadian
15c
$1.12ya
common
7-28
$30c, JLQ-28
$25c
Special
4-
(quar.)______ t$1.12l/a
Arkansas Natural Gas,
Class A
(increased)
4-12
1
4-28
$25c
;
(quar.)
Investors Corp.,
Canadian
__—
preferred
5-
$1
Ltd.—
preferred
4-
f5c
i
'
7%
Canadian
4-15
preferred
Co., 5%
3-28
$21c
4-19
50c
common
(quar.)
Power
3-28
$25c
General
Canadian
4-7
7-
$2.25
$5 preferred (quar;)
$5 preferred
3-28
4-15
$25c
preferred
Canadian
4-1
common—
Ltd.,
convertible
4-15
4-15
J3lc
A
Extra
$1
(s-a)
4-20
Canadian-Fairbanks-Morse, Ltd.—
(quar.)
preferred
4-20
3-28
15c
t$l.25
class
—
6%
2
$50c
—
Co.—
2
$15c
common
Ltd.,
Dock
(quar.)
—
Common
5-
5-
4-15
10c
$30c
Corp., Ltd.
(resumed)
5-
4-30
1
6
62y2c
(s-a)_—
Co., Ltd.,
(quar.)_
preferred
4-8
-5-31
$1.75
4-
3yac
Common
__.u
$1.25
(s-a)75c
Corp.,
preferred
Canadian
Smelting—
common
25c
$1.50
(quar.)
Association
4-
com.___
4-
$1.17'/2
4-25
Common
4-14
4-15
4-14
"
62y2c
Insurance
1
4-30
10c
(quar.)
Foundries, Ltd.,
6
4-15
90c
(quar.)___
(quar.)
5-14
1
1
4-15
$30c
Steamship Lines, Ltd.
Breweries, Ltd._
7-
5-
4-26
$1
Canadian
$0.61826
1
3-31
50c
^
3-21
—
pfd.
*_*,
(quar.)__
4-15
•
4-15
75c
Northern
3-15
3-31'
4-
$1.75
H'c
____
$40c
com.
Canada
4-30
4-15
Power,
5-21
;
4-29
4-14
933/4C
$30c
1
5%
4-21
4-21
'
(quar.)
non-cum.
5%
3-31
$30c
15c
4-18
1
Fire
Canadian
4-11
2V4C
6-
4
2
5-20
,
—
Electric
preferred
6%
2
5-
4-21
5-20
—
(quar.)
Canada Iron
preferred—
preferred (quar.)
Cotton Mills
Common
Austin,
"
2
____
3-20
Corp.
4-20
,
$4.50
4-15
4-15
4-
4-14
'
4-
$25c
preferred
25c
Ltd. (annual)
Telephone Co.—
4'/2%. preferred (quar.)
Appalachian Electric Power—
Arcade
$3.60
2
4-20
2
4-16
$$1.50
2
*
4-29
5-
Co.—
4.70% preferred (quar.)
California Packing, common
Anglo-Canadian
3-29
4-30
4-15
4-14
6-1
(quar.)
Products
preferred
5%
4-29
$60c
Wireless
Camden
4-12
3-20
Ltd
(quar.)__
Co
5-
(annual)
Company
Anglo Canadian Oil Co.,
1
5-
$3
Glass
Co.,
preferred
6%
1
3
Ltd.
—
California, Oregon Power Co.,
7%
preferred (quar.)_
1
1
5-
3-31
3-26
(quar.)
5-
Angerman
City
4-30
$3
55-
4-15
Ltd
pfd.
25c
(s-a)__
Anchor, Hocking
f
4
4-15
5-15
4-15
_'
B
1
5-15
Corp.,, Ltd.—
Canada
Insurance
&
Company,
preferred
3%%
Power
$1.12ya
(quar.)
Lead
Coast
.'
Co.,
Company,
$2.50
(quar.)
Atlantic
4-
2
$2.25
preferred
Co.,
Vancouver,
(quar.)
California
4-14*
common..
Telephone & Telegraph
Atlantic
37 V2C
4-
Quarterly
Atchison Topeka
Co.—
tquar.)
3-31
4-18
5-
Ltd.
preferred
6-10
50c
4-15
News Co.
(bi-monthly)
Seal-Kap Corp. (Del.)
Seating Co.
Service
Power
,
1
10c
(quar.)
National
3-18
1
50c
"
Co.,
preferred
4-
Foundry—
Co.,
(s-a)
preferred
3-29
12c
&
American-Marietta
American
&
(Holding), Ltd., pref (s-a)
Caldwell Linen Mills, common
(quar.);
$1.50 1st preferred (quar.)_,
80c 2nd preferred
(quar.)
Calgary & Edmonton Corp., Ltd. (s-a)
3-31
4-15
25c
(monthly r_
(quar.)——
Maize-Products
1
50c
Machinery
1
7-
25c
)quar.i_
(quar.)
Insurance
1
4-11
Sl.121^
(quar.)
American
American
&
Co.,
Steel
B
&
3-31
4-16
& Company—
Class A (quar.)
Quarterly
;
Quarterly
Cable
3-23
4-15
tl2y2c
'
_____
5-16
75c
37y2C
Inc.
Products
preferred
5
20c
Growers,
3.90%
4-
$1.25
__1
iquar.)
Fruit
Home
4-
$1.50
iquar.)
4-15
Co.—
American
4-
25c
4-21
3-31
,$32Vic
common
Quarterly
Quarterly
Quarterly
Burroughs Adding Machine Co. (quar.)
Butler Brothers, 4y2%
preferred (quar.)___
Byers (A. M.) Co., 7% preferred (quar.)__
5-15
4-
20c
(Mass.)-.
...
"
Hoe
&
25c
(quar.)_______
common
Fork
$1.50
iquar.)
'■
1
4-22
70c
Trust
preferred
Class
5-2
—_______
Arizona
75c
50c
..,3-31
7"
'
6-
$1
—
4-15
'
52 '/2c
3-21
.4-15.
Corp.—
common
$4.50
5-
35c
iquar.)
•.
k
New
Anaconda
'
cdmmon__:
4-15
4J15
25c
Burns
s
2
$1
(quar.)__
Bullock's, Inc. (Los Angeles),-4% pfd. (quar.)
Inc.—
4-14
5-
$1
Extra
6%
2
(quar.)
Steel
Class
25c
American Bosch
4-15
1
'
j
3-15
5-
25c
Castings, common—
6% preferred (quar.)
Budget Finance Plan, Inc., class A
4-15
6-1
Buckeye
4-15
4-20
American Asphalt Roof Corp,
(quar.)
Automobile Ins. Go. TSt. Loiifs)—
Increased quarterly _X__—__________
4-15
2
25c
9
J25c
Co.
of
preferred
Shoe
4-20
6-10
4-15
25c
(quar.)
Light
County Trust
4-15
7-2
75c
tquar.)
Columbia Telephone
4-27
~
12V2C
(quar.)__
(resumed)
Book
Bronx
4-20
6-10
J25c
—
(quar.)__
A
Brown
10c
'
Insurance
G.)
2nd
9-15
1
4-16-
75c
(quar.)
referred
Amer.
4-30
5-
$ 15c
(quar.i
10-
3c
.Quarterly
American
6%
2
2
t$l
Columbia
25c
(quar.)_
Alliance
(T.
British
Canada, Ltd.—
preferred
Amalgamated
5%
Zinc,
6-
56 (4 c
preferred
$2.50
(quar.)____
Allied
Class
8
57-
110c
Brockway Motor Co.
(resumed)
Woolen Co.,
50c
Yards
Oil
Penn
Ailes
American
Co,—
Inc.,
All
4-29
4-
4->20
2
$10c
Ltd
Distillers
British-
4-20
5-
50c
(quar.)
_:
Bright
2
5-4
4-15
$30c
&
Bristol-Myers
5-
5-4
6-1
4-30
150c
(quar.)
common
Traction,
6-
50c
American
$1.25
(quar.)_
Brazilian
4-5
4-25
4-39
2
60c
Property
Mines,
4-27
15c
5-
6-1
40c
4-15
25c
4-
3-18
25c
(quar.)__~__
4-20
1
1
8
4-15
50c
Coidage Co., Ltd.,
preferred
(quar.)
Extra
4-
4-15
$1.50
(quar.)
Personal
Brewers
4-20
75c
(quar.)
pref.
conv,
Brantford
Holiere
f-14
50c
Company
Mills
$1.30
9-3
12-13
35c
Canada
Company, class A
4-25
,
tl5c
Mills
4-14
>4-15
$2.50
(quar,i_______
preferred
preferred
Alabama
4-15
2
10c
common
6 V
2
4-30
50c
35c
Co
Quarterly
Schaffer
.
20c
;_i_"
Engineering,
FoodS.
4-20
31V4C
;_i
Light & Power Co.
Fine
2 '
20c
-
(quar.)
convertible
7
3r31
4$3
Vj
.r_
preferred- iquar.) __L_
W.
5-
4-15
4-
-
W.)
5-16
$1.25
Youngstown RR. Co.—
(a-a) __1
Participating
American Smelting &
Refining Co.,
$1.25"
—
convertible
Rockland
_
.
(initial)
Rising Paper Co.,
6V
_____
(s-ai^
preferred
(accum.)
Rhode Island Electric Protective
Co.
;
5-
$1.50
.
tquar.)
preferred
Corp.—
&
—
4-15
97 J/jC
.
iquar.)
Pictures
Canton
4-15
5-1
4-18
$1
(quar.)
Electric &
Akron
When
7c
American
*
^
Pile
:___
4-15
»
of
(Phila.),
Bralorne
1
40c
(George W.)
Boston
1
$1
B
Boott
Borg
Payable of Rec.
25c
Straus, *Inc._l/_.
Fund
Special stock dlvldend______^
32 J/2 c
convertible
Republic
6
2
2
25c
(quar.)
Grocery Co.—
common,
Rayonie.r,
$1
M.i
Concrete
07
■_
5-
(quar.)
(quar.)
Ltd.
preferred
preferred
6-15
5-
$1.20
i
Quinte Milk Products, Ltd., class A
4'/aV
5-26
$1.10
y
Trenton RR. (quar.)_______
Light Co. (Maine) —
Corporation,
Radford
6-15
25c
preferred -iquar.) _V—
Raymond
4-22
20c
&
GAs
4-22
5C
common..
Valiey Wine
Portland
Purex
2
2
Co.—
Co
Per
Share
Agnew Surpass Shoe Stores, Ltd.—
Air
Reduction Co.
(quar.) ____L
Air-Way Electric Appliance Oorp.___
4-30
preferred
Gas
Philadelphia
55-
'
(quar.)
Cement Co.
&
Affiliated
American
4-15
25c
;
Co.,
4-15
6-15
20c
Railway Co.
1st'preferred
Peabody
3-23
4-15
25c
8ervice
7
1
(quar,)__
Quebec
Public
$1.30
4-
4-25
5
2
Co._
common
4-
2
______L_—i-
Company
Pacific
•
4-15
$1
(quar.)__.
Co.,
Abraham
;r
■
r
___L—
American
45c
(quar.)
Shoe
2
7-
(quar,)_.
Merchandising
preferred
5-
5-
-a——-
Power & Light.. 3.90 V
pfd.
RR. of New Hampshire
Nunn-Bush
6-13
5-
(quar.)
Edison Light Co.
Northwest Engineering
Extra
'
75c
:
.
Stamping Co.
Company
F., Inc.
.
American
2
*$50c
:
—L
i__
New Bedford Gas
&
•
4-14
.5-
1
4-29
2
$1.50
_
-
4-15
710-
1-2-50
8-^c
t37l/2c
Semi-annual
4-18
5c
< s-a)
Corp.
4-15
being given in the
4-14
1/.1 Oc
4.80% prefeired B (quar,).__—
_i
Nathan Straus-Duparquet, Inc..
(quar.)_
Extra
National
Name of
T.
6%
10
—
i-
.
these
5-16
9
Communica-
dep." rcpts.'"(interim)
Meyercord Company
(qukrlT--iL'L_L'_L1'T
Mbnongah'ela. PdWCr Co.,.4.40V- pfd. (quar.)
2
American
5-16
8'/ac
(quar.)
5-
8
45c
Works
Hedges^ $2
Ami
Class
*
4-
4-14
(quar.)
4-15
4-30
$1.50
2
&
(E.
4-15
$2.50
(quar.)
Co,
Iron
preferred
Bliss
preceding table.
4-20
4-30
common
week,
1
$$1.25
preferred
$1
4-15
Co., Ltd.—
Hats, Ltd.; common
preferred A (quar.)
$3
4-15
5-
preferred
Blauner's
Bon
T$1.75
5% preferred (initial quar.)
American Can
Co.
(quar.)
4-14
iquar.)_*
preferred
.
this
6-25
-
(quar.)
2
(quar.)_
(quar.)
preferred (quar.)
Biltmore
we
1
4-30
1st' preferred
5-
75c
7-
$1.06 V*
Co., Ltd.,
Shoe Corp.,
$1.25
/
4-15
_'L__;
Marine
$6
3-31
5-
88c;
•
Maul
Maytag Company,
4-25
4-15
Fidelity & Casualty Co., Inc.—
Quarterly
L—L
15c
American Fidelity Co
(Montpelier, Vt.) —
Quarterly
—15c
87V2C
L__
tions Co., Ltd., Amer.
Macotta Corp
5-16
(quar.)_
Corp.
4-15
pfcl. "(quar.)*——_"
5V
Fund
5%
2
4-20
$2c
(quar. ) __i_L.
(quar.)
Corp.. Ltd.»
•
15c
Assn.
Y.)
Foods, Inc. (quar.)
Beverly Gas & Electric
4-20
4-
4-27
40c
(quar.)
Best
4-20
$ 1.12 V2
(N.
$4
4-30
4-27
4-1
.
112 Vic
Telephone
Benson
4-20
1
25c
(quar.T_L__~_-i___i.i-_——
Nashville
2
50c
common
County Gas *& Electric-—
4ViV
;
Co.,
-
$1.50
___________
Lihcoln
.
.
8ervice,
6-
:
;
4-20
*
Gold
2
55-
(quar.)__
Electric, 4J/2% pfd. (quar.)
4-30
.
20C
J Lazarus
Lditch
Below
-
American
'
.
Radio
4-30
2
25c.
conv.
Co.
55-
25c
25c
(quar,l
Johnson
4-
4-15
J
•
5-
$1
iquar.)_
common
Corp. (quar.)
Boston Edison Co. (quar.)
4-18
4-15.
,
25c
..
'
commonr-•^r^.-
55c
Corp.
pfd.
4-20
2
2
$1.25
(quar.)____
$5
County Gas Co
5%
56'/4c
„•
Group——
Co.,
50c
5-
5-
50c
_
(quar.)
Crampton
Public
4-15
25c
AV-zV
preferred' -(quar,),L--vRRLfL-RL_L;
International Resistance "Co.—A''•.
6V convertible preferred
Ironer
York
4-14
.
2
,
Group
(increased)
Interchemical Corp.,
Irdnrite
5-
$1.25
.
Aviation
•
4-25
4-30
(quar.)
::
•
•
(irreg.)
5-21
Co.
3-31
8a/*o
California National
Trust
Mfg. Co.,
$1.40
5-" 2
t
•
_________
„
Stock
1;
com.
I2V2C
I
4-12
4-15
8%c
.*
Hydro-Electric,
of
Belmont
4-11
Insur-
preferred iquar.(_L.^______lr:_L_L^
HUtchins Investment Corp., $7 pfd. (accum.),
•
&
(quar.)__^.__
(quar.)
Bell
5-16
—'__.____L___.-i--
common
5-16
1
'
4-19
25c
•
Refrigerator,
3-31
20c
dends announced
62 y2c
.
." $2.25
•
4-15
6-
25c
Co.
4-15
6 2 V2 c
*Co..^;:,-/v."';.' (quar.)__L______"__L^_L-_-_
4-20
4-15
20c
Power
&
2
1
40c
Co
Lighting
preferred
4-30
5-
5-
12V2C.
(quar.)
(Joseph)
Houston
4-15
5-31
4-30
:*:7
(quar.)
5-16
preferred
(Boston.)
Beaux-Arts Apartments, $3 prior
pfd. "(quar.)
$6 1st preferred (quar.)
Beaver Lumber Co., class A
(quar.)__
give the dividends announced in previous
weeks and not yet paid. The list does not include
divi¬
(quart)
Higbee -Company,,*common
$37c
4-
Corp.—
(quar.)____
Baystate Corp.
3-31
20c
&
4-18
Go.__
Steel
Extra
3-31
4-^4
_________
Inspection
5
4-29
4-15
(quar,
-____rl*L_LR-L.L.L__L.
Boiler
4-
40c
4-20
^
isc
Coip.
7/10c
1
Porcelain
Bathurst Power & Paper
Class A (quar.)
15c
(quar.)
v
4-20
;
.
pfd.
4-18
1
12V2c
Corp._L-L-R--L__R___R_1L_!r
Steam
4-18
2
6-
3-25
25c
(quar.)
Bankers
4-18
5-
9
4-12
15c
preferred
Barcalo
4-15
A.i
Cb.
ance
4-15
9c
Co., preferred (s-aVRl:.'
Giddings & Lewis Machine Tool Co.—
Resumed
2
4-29
•
$25c
L_l—L__"___L_L__-_
(quar.i
Public .Utilities
5-
69c
.iquar.),:
'J_i.____.__
.conv..
common
preferred
J>%
5V.
Company,.
4-20
4-30
(quar.)
pfd.
W'ood, Alexander & James, Ltd.—
V
7%
1st
prelerred
(accum.)
Zenith
Stores.Corp. .fquqrj
Gabriel
2
4-29
93%C
(quar.)
"
5-
30c
Co:''«quairiy.LrL.—vLLL--—,
Kleiser
&
Wisconsin
25c
■
.preferredMquar.Xl_L_
Foster
Wisconsin Gas &
,
Ltd., 5 V pid.. (quar,),,^______
Machinery & Chemical Cgjp.^.;^.,;;..
Food
Winters
4-14
$1.50
.......
;
4-16
4-
4
50c
$50c
4-15
4-
$1.50
(quar.)
preferred
Bangor
8
2
10c
Co.
7 %
4-14
4-
5c
preferred
4-15
1
4-20
$25c
class A
Chocolate,
4-30
$1.75
^Fleury Bissell,
.
convertible
Wilbur-Suchard
5-
5-
25c
Rubber
Bank
3-15
3-15
37»/2c
7%
4
$ 10c
)
■___
preferred
4-26
Shares_______'____.
FitChbuirg Gas & Electric Light
prior
IOC
_
$56 We
4-
20c
Sewing Machine Corp.,
65c
______,
of Pittsfieid, Inc.—
;
participating preferred
(initial)
Mutual
(quar.)
(quar.)
(quar.)
Manufacturing
$4
3-31
5-23
-
Federal Loan Co.
$1.20
pfd.
A
4-15
3-15
4-15
12y2c
*—
Baltimore
3-20
4-15
56V4C
Company,
7%
40c
(quar.j__
Extra
3-20
1
preferred
6% preferred (quar.)
Locomotive Works
(quar.)
4-19
4-
$2.25
Baldwin
3-15
1
(quar.)
Engineering
25c
(resumed)LI
Co., , 6V
preferred ;(quar.)
FOdders-Quigan Corp. (quar.)
First
4-15
$1.25
Co.
(quar.)
7-
1
Corp.,
4-15
}20c
tioc
Baldwin
9
5-16
Syndicate, Inc
Washington Veneer Co:_
$2
Eastern
Fairbanks
B
5-16
4%
&
class
Corporatloiig, Ltd.,
50C
6
Ltd.,
P.)
4-
Extra
Holtere
Payable of Itec.
$i5c
—
(quar.)
Mfg.
Baldwin
3-15
4-
Venezuela
,
Exeter & Hampton Electric CO, jquar,
Faber, Coe & Gregg, 1%;preferred iquar.)
(J.
35c
—
Inc.
Co., Ltd.,- AVz%
Sc Fenri Cd.
1
1
l
Taylor
$75c
(accum.)
Corpoiation, common__„_____—__^
preferred (quar.R
_!•_
DUplan Corporation (stock dividend)
Eastern Bakeries, Ltd.—
"
Esquire,
Co.-iMass.
Teck-Hughes Gold Mines, Ltd._____.
Trusteed
Industry Shares—
;
United ' Chemicals, Inc._-__
Stevens
54-
$1,061/4
4-14
$371/2c
common, iquar.i
$30c
$25c
4-15
4-13
4-15
$1.75
5-
4-20
4-13
B
Ayshire Collieries Corp. (quar.)
Backstay Welt Co. (quar.)
Co.—
4-29
2
4-30
4-25
4-
45
~
Participating
6-10
17 VL> c
(quar.)___
Springfield Gas Light
60c
Class
4-19
2
—
4-15
9c
2
7-
(quar.)___
50c
__
l
(quar.)__:
4-25
5-
5-
10c
,
(quar.)_-
2
preferred
iquar.)
.
87J/2C
$$1.75
"125c
„■
4-29
$2
—
$2
.4%
4V-
E
4-22
3-31
Avco
(quar.)
preferred
4-25
-
;
Products Co., Ltd.—
participating class A (quar.)
,
3-31
$1.25
Water
50c
Dravo
-,
City
preferred A
2
When
Share
Auto Fabric
Ltd.—
:
Co., Ltd. (quar.).
Gas Co., common
25c
\
R-
preference
preferred" 'tquar.)
4-25
7%
5-
4-14
A'li
Per
Name of CQmpany
,
4-22
$1.75
(quar.)
Southam Co., Ltd.:
4-19
2
Ltd.—
Ltd.,
&
2
$1.50
preferred
Springfield
Y._—__—
A
3-31
5-
30c.
—
Trust
N.
class
(N.)
Atlantic
5-
(1601)
Holder*
Payable of Reo.
27'/aC
(quar.)_u_
50c
Construction,
coov.
4*13
A
(quar.)
Shiriff's, Ltd., !5ir preferred
Simplicity Pattern Co.,-Inc.
1
:
preference
preferred
2
70C
A_;
,
Discount .Corp. .of
7V
5-
,
A--r
(quar.).
class
convertible
Sherwin-Williams Co. of Canada,
6-
15c
Rubber.Co., common (quar.i,.--^--^
class. A iguar.i"
Dennison
$3.50
When
5c
-
preferred (quar.)
Cofp: General, $6 pfd. (quar.»___
(quarl)
Dohme, Inc.—
fc
5 V
Dayton
"
Sharp
$1
Royaliie:, Re,—
Participating
pretexted
(quar.)
(reduced)
preferred
25c
—
Consolidated
Exchange^ Bank
Quarterly
"—
$7
2
5-15
4-15
$1.50
——-
5-
1
6-
60c
:——
Mills
5-16
CHRONICLE
Share
.
Container, class A
convertible
Securities
4-15
5-14
$1.06 V*.
common-,^^-^-—.-- —
(quar.)
Corn
Name of Company
"•
5-
183/4C
Co.,
prelerred
Cone
Payable of Rec.
20c
.
(quar.
FINANCIAL
Pet
20c
Columbia Gas System. Inc. (increased quar.t,
Columbia Pictures Corp., $4.25 pfd.
(quar,)
Commonwealth Telephone, $5 pid.
(quar.i.
&
'Holders
20c
___
Colonial
When
COMMERCIAL
Mines,
Virginia
Ry.,
preferred
Ltd
£
.
(quar.)
Chicago Aurorja & Elgin Ry. Co.—
Certifs. of beneficial int. class B
(quar.)
(quar.)
Common
(quar.)
4-15
3-
8
25c
7-15
6-
8
25c
10-14
9-
8
_
$2
8-
1
7-20
6-
1
5-15
9-
1
8-15
2
4-
City Title Insurance Co. (N. Y.) (quar.) —
Cleveland Electric Illuminating Co., common
5-2
4-
5
4-21
4-15
55c
7-
$5
$5
4-
$4
4-11
3-30
4-20
4-
9
200
6-
1
5-
2
$20c
(quar.)
9-
1
8-
•-
1
Initial
Commodore
Class
6-30
6-14
Federal Fire
70c
4-11
3-25
$$1.25
4-15
3-14
4-30
4-20
$10c
4-15
3-31
20c
4-20
4-
(Initial)
Edison
A
20c
(quar.)
4-20
4-
1
2
4-
1
37 %C
—
5-
Light & Power,
preferred (quar.)
—
preferred (quar.)———
Connecticut River Power, 6% pfd. (quar,)-
50C
5-
1
4-
5
47 %c
5-
1
4-
5
$1.50
6-
1
5-16
Consolidated
Car
class
$1.50
Consolidated
$5
Firestone
Natural
2
4-15
Textile
Foster-Wheeler
50c
?■ 4-15
3-31
90c
4-25
Electric
Cornell-Dubilier
Corp.—
7%
preferred (quar.)
7%
Atlantic
Four-Twelve
3-23
30c
4-11
3-31
25C
5-20
4-12*
t50c
5-10
4-15
30C
4-15
4-
6-30
6-14
Fry
7-
1
9-30
9-16
6%
5%
preferred
(quar.)_.
Cudahy Packing Co., common
4\z'in
preferred (quar.).-
7-1'
15c
(quar.),—_
6-16
4-15
$1.25
———
4-
4
4-15
4-
10c
5-16
5-
6
25c
4-20
4-
5
$1.12%
7-
1
6-15
$1.12 Vz
10-
1
9-15
$1.12 %
4-15
3-31
25c
4-15
4-
5
93%c
4-15
4-
5
5-
4-11
$1.12%
—
Inc.——
—
4
Curlee Clothing
4%%
preferred (quar,)
4 Vz %
preferred
—
(quar.)-
-
—
——
Curtiss Candy Co., $4.50 partic. pfd.
Dana Corporation,
common
3% % preferred A (quar.)
(quar,)
—
—
Davenport Water,
5% preferred (quar.)
Davidson. Brothers
(quar.) ——
.
De Vilbiss Company (irreg.)—
Delaware Power & Light Co. (quar.)__
Dentists' Supply Co. of N. Y.
7%
preferred, (quar.) —
Detroit
Edison
Gasket
&
Co"_
preferred
8
General
Mills,
30c
4-30
4-
4
General
Motors
1
-
7-
4-25
Class
A
Class
4-11
,3-31
4-15
B
*
Detroit-Michigan
Detroit
Steel
Diamond
Stove
Co.
Products
Match
25c
4-20
50c
(quar.;..—
(irreg.) ——
Co.
4-
participating preferred (s-a)
8 %
participating preferred (s-a)
Diamond State Telephone Co, (quar.)_
Dividend Shares, Inc.
(quar.)—
_'
Dixie-Home Stores (quar.)——
Dodge Manufacturing Corp. (quar.)—.*,
,
75c
Bridge,
5-20
6-10
9-10
12-20
4-20
5-2
8-19
12-
1
5%
non-cum.
Dominion
6 fk
1st
preferred
Dominion
5-16
5-
4-30
3-31
4-29
•:-15
5-20
4-29
7%
$75c
(quar.)
(quar.)
com.
4%%
Dow
Paper
4-15
3-18
25c
Ducommun
du
Pont
Metals
preferred
4-15
4-
(E. I.)
de
$3.50
preferred
$4.50
preferred
Duquesne
Dwight
Corp.
Supply
-Eastern
2
4-15
5-10
4-15
4-15
4-
1
81 %c
4-15
4-
1
$1
4-15
4-
(quar.)
(s-a)
.20c
4-15
$30o
•5-2
4-25
4-11
4-
4-
8
8*
4-11
17c
5-2
4-15
'''
_______
______
87 %C
$1.12%
$1.25
'
(quar.)
-
5-
2
(A.)
5%%
4%%
*4-30
4-25
5-
4-
2
Hart,
Schaffner & Marx
Hartford
Electric
Hat Corp. of
9
Hayes
4-13
$1.50
6-1
9-15
$1.50
'
Industries
12-15
9-1
12-
1
(resumed)
2
8-
1
7-15
$1.50
—
5-
11-
1
10-14
15c
4-29
20c
4-15
3%%
Hercules
Powder
(quar.)
8
Lewis
5- 2
4-
1
Lilyr-Tulip Cup Corp., 4%%
25c
4-25
4-
8
Lincoln
$1.12%
4-25
4-20
4-
8
4-
9
50c
.
.
4-15
4-. 1
Hibbard, Spencer
Hines
Hoe
(^dwardj
(R.)
Holly
&
&
Lee
Rubber
Co.
(quar.)—7
(quan)^^-,
(quar.)
—
12-21
25c
4-18
4-20
4-11
5c
7%c
*
4-15
4- 8
$3
56V4C
5- 2
5- 2
4-30
4-15
30c
45c
50c
96Vic
4-15
4-15
5- 2
5- 2
4-16
50c
$1.12%
4-15
4- 1
4-20
3-31
4- 1
5-1
•..
.
Corp.
(quar.)
3.85%
pfd. (quar.)———
Corp., common (quar.)
preferred (quar.)—:—_—
Ltd
Bros.,
Life
$25c
pfd. (s-a)_——
$2.25
(quar.)——
30c
30c
30c
8- 1
11- 1
4-23
7-23
10-24
Insurance
Quarterly
,
—.—
—
3-28
Common
5-16
5%
(Del.)—
37%c
$1.25
4-10
4-10
3-31
3-31
—•
40c
4-25
4- 8
—
$1
75c
6-1
4-15
5-4
3-31*
$2
$2
$2
7-1
10-1
1-2-50
6-21
9-21
12-23
25%
6- 1
4-10
50c
4-15
3,-24
10c
(quar.)-—25c
4-15
3-24
4-15
3-24
5c
4-15
3-24
$2
$1.50
5- 2
4-16
4-11
45c
4-15
3-23
preferred $100 par (quar.)__:_—$1.25
preferred $25 par (quar.)_____
31 Vic
4-15
4-15
3-31
$25c
4-14
3-15
(irreg.)20c
(quar.)
—
preferred (qtiar.)—.
Material
Co._
—
—
4-30
5- 2
4-
4-n
4-
4-15
4-20
3-30
8%
3-31
8% preferred (quar.)—,
5-16
4-29
8%
8
1
Link-Belt Co,
Lion
Oil
(quar,)
Co.
(quar.)..
Lock Joint Pipe Co.
—
preferred (quar.)—.
:—
—
30c
4-15
3-2,
10- 1
9-20
Loomis-Sayles
50c
5-1
4-15
;—
(quar.)
Lone Star Steel Co. (stock dividend)
preferred
Mutual Fund
(quar.)——
Extra
——
Loomis-Sayles Second Fund
37%c
5-2
4-15
5- 2
4-15
4-15
4-
5
1
Extra
-
4-14
3-31
$1.25
6-30
f;-io
6-
5-
.
2nd preferred
Louisiana Power & Light, $6 pfd.
Lord
&
Taylor,
5%
(quar.)—
8%
(quar.)_.
5- 2
(Ky.)—.
(increased)
Common
5%
3-31
4-15*
—
—;
1—
National
<
3-31
5- 2
4-30
4-15
Quarterly
—___ ...
Lincoln Telephone & Telegraph Co.
5-16
4-15
3-31
3-31
3-31
4-10
4-10
25c
'
—.
}30c
,
3-31
-
$25c
$25c
$25c
r
1
2
8-1
9-1
11-
12-1
1
4-11
4-22
4-15
4-
6- 1
5-10
Lowney
Lyttbn's
(Henry C.)
MacAndrews
6%
(quar.)..
Company, Ltd.
(W.)
common.
(quar.)
Mackinnon Structural Steel
preferred
Co.,
4- 6
4-14
3-31
Mading Drug Stores Co., com.
60c
4-29
4-
5-2
4-14
$1.12%
4-30
4-14
4-15
3-25
15c
5- 2
4-15
40c
93%c
4-30
4-8
4-30
4-
$1.25
5-14
5- 3
4-29-
4-19
8
5Ctc
.
4-15
$1
4-15
lc
4-25
8
preferred
Investment
Mahoning
Maltine
4%%
(quar.)..,
Manitoba
6%
3-30
3-31
preferred
Trust Co.
(N.
&
.3-31
&
4-13
4- 1
$$3
10- 1
9-15
60c
4-15
3-21
4-10
3-31
Telephone
(quar.).
Co.,
50c
Ltd.
4-15
3-21
$17%c
4-15
3-21
10c
7- 1
6-1.5
$20c
Marshall Field
.
"
(quar.)—
Calculating Machine Co.
preferred
5- 4
(accum.)...
Y.)
Telegraph
See Field
$5
4-15
Maritime
Mar-Tex
,
4-4
3-31
3-31
$1.06V4
Marchant
7%
5-2
•
Common
,
—
5-31
4-15.
4-15
-
preferred (quar.)...
Sugar,
Manufacturers
$1.06%
(quar.)
20c
...—,—__—133/4C
Co.—_
,
Company—
conv.
'
6-15.,
$$1.25
Macy (R. H.) Company Inc.—
4 Vi % preferred A (quar.)-___.
25c
3-31
;
.'J—____
4-25
—
3-31
Ltd.—•
(quar.)
4-20
1
4-15
4-15
4-15
8
5-
$1.50
4-30
50c
$1.50
& Co.
& Forbes Co.,
preferred
$1.37%
preferred (quar.)-
Lumber Co.
12-28
Stores
4%%
Line
——
(nionthly):
6-22
9-21
$1.12V2
(quar.)^.,
Tire
&
(James)
4-15
68%c
(quar.)
(quar.)_—
Co., $4 class A
Development
preferred
6-15
25c
Bartlett
6-28
9-27
—
$1.80
6-15
25c
$1
$1.25
'
;
(quar.):
common
Co., 5%
5-10
$1.12%
$1.12%
Ishpeming RR. Co
:
(M. H.), Inc.
preferred (s-a)——.
—
Lane Bryant, Inc., 4%%
preferred (quar.)—
Langendorf United Bakeries—Common (increased quar.)—
4-
(quar.)
preferred
4-15
4-11
6-1
(quar.)..—__
$1.12%
;—
America; 4%% pfd. (quar.)
Hecht Company,
5- 2
50c
(quar.)
————5c
——
....
4-25
'
6-15
$1.50
—
$6
5%
(quar.)_;
Light Co.
3-31
4-15
4-15
Lamston
3-31.
$3
preferred (quar.)-
Hayes Manufacturing Corp
$1.50
Extra
62%c
$1.25
3r31
50c
——.
preferred
4-30
5-2
(quar.)__
University
4
——
(quar.)>——————
&• Co.,
Harrisburg Gas,
4-25
5-14
25c
,
(s-a)
6-29
Refractories
preferied
Harris
3-31
5-2
(irreg.)
Co.
Extension
Salle
55c
$1.50
Corp
Co.
3-15
$1
$1.50
preferred B (accum.)
Steel
8
4-15
6%
8
4-
30c
_
I
preferred B (accum.).
Electric
4-
4-25
5c
„
Co.—
(quar.)
Stainless
4-25
■
Electric
Kuhlman
La
4-
M.)
Harbison-Walker
••
—
4-15
„
Co.,
4-11
Lamp Co.
_'
—_—10c
Halle Biros. Companv, $2.40 conv. pfd. (quar*.)
,60c
Hamilton
Cotton
Co.,
Ltd
$22 Vic
Co.—
quar.)_
40c
Ltd. (s-a)
$2c
(quar.)20e
34%c
4Vzc/o
4-11
$75fi
:——
3-31
preferred A (quar.)—
——
4V'2%
preferred A (quar.)...
...—_
4%%
preferred A (quar.) ——
—
Krueger (G.) Brewing Co—...——..——
Mfg.
50c
__—_
—
3-31
3-31
preferred
6%
Compahy
&
Louisville Gas & Electric
—
4-28
4-15
55c
.—Lu.
5-10
H.)
Lees
Quarterly
(C.
Water Works,
<S.
Lerner
—
Brewery Co.—
preferred (quar.)—_
Quarterly
(quar.)—
preferred
$1.37%
Co.,
common-
3-31
4- 5
4- 5
4- 8
3-31
4-15
"B-2"
Kroehler
'
Hall
Mining
Inc.,
5-13
5-13
4-30
4-20
4-15
(increased
com.
Gold
2
Gulf, Mobile & Ohio RR.—
$5 preferred
—
Gypsum Lime & Alabastine of Canada, Ltd,
3-31
Corp.,
4-18
6- 1
6-1
4-15
4-30
42c
Funds series
-
Stores,
5- 6
.
"S-3"
Lake
4-20
4-28
preferred
Custodian
6-6
4-18
5-16
Light—
&
4
•
—'
(N. Y.)
(quar.
Power
4-
Realty (Canada )-rpreferred (accum.)
4- 5
—
4-1
3-18
4-
Co., Ltd
———
1'
Company (quar.)——
Quarterly
4-15
4-15
5-10
Guardian
1
—-
-
6%
Sault
Co.
$1.50
20c
5c
15c
4-18
Tanning. Co. (quar.)—
Griscom-Russell, 6% preferred (s-a')'—,
3-15
5-
$$1.12%
.
____
6%
Eastern
Insurance
convertible
5%
1
25c
______
'Eastern Massachusetts Ry.—
6% preferred A (quar.)_____
8% preferred A (quar,),
6% preferred A (quar.)—
6%
preferred B
(accum.)
Edison
4-
4-15
-
1st pfd. (quar.)
Electric Co.
Corp.
5- 2
$25c
±
Nemours &
Manufacturing
Coast
(H. L.)
3-31
5- 2
4-15
Felt
West
Green
8
4-20
—
Kress
Griesedieck-Western
,
'East
American
Great
(quar.)——.
(quar.)
(quar.)
Light, 5%
Duro-Test
Great
3-15
5-3
$$1.75
(quar.)
(quar.)
&
8
7
$25c
____________
Dryden Paper Co,, Ltd.
'
8
4-
4-
Ltd.—
Co.,
Co.
4-
1
450c
—-
Furniture
5-
4-29
$40c
4-20
20c
Inc
5-15
Griess-Pfleger
Chemical
Drexel
5-1
$$1.25
Fund,
t20c
t$1.25
25c
.
(quar.)—
Co., Ltd., common
5-2
—
5-2
5- 2
$50c
40c
Goulds Pumps, Inc., 5% preferred (quar.)—
25c
Grand Industries, Inc. (reduced10c
Grayson-Robinson Stores Inc., common—
12 Vic
$2.25 preferred (quar.)—
———
56V4C
3-29
+
—
(quar.)
Co,, common.—--.
$3.25 2nd preferred
(quar.)
$4 preferred A (quar.)
*
4% preferred (quar.)—i——
Gotham Hosiery Co., Inc. (quar.)_
3-29
3.80%
Kobacker
7-15
-
4-15
City
Kirkland
Goodyear Tire & Rubber Co. of Canada, Ltd.
2
$25C
convertible
Goodyear Tire & Rubber, common (quar.)—
$5 convertible preferred (quar.)__———
$35c
Dominion Woollens & Worsteds,
Ltd..
..Donna cona
.
Golden State
4-15
5-
__
4-15
2
$25c
-
...
»
(quar.)———
McBean & Co. (quar.)v——
3-31
5-2
$37%c
.
—
(quar.)
preferred
$4.50 preferred
3-31
4-27
5-
Brothers
King-Seeley
5-16
5-25
5-25
5-16
$1
Safety Razor Co., common (quar.)_
$5 preferred
(quar.)
Gimbel Bros., Inc., com. (reduced quar.)—„
'4-15
4-15
t$3
Mutual
4-18
6-29
—
2
5-2
5-2
3-31
Gillette
$43c
Linoleum, Ltd.
Co,,
(quar.)
(quar.)
3-31
$20c
—
(quar.)
Textilfe
com.
4-15
Gladding
Dominion Square, Ltd.
(quar.)
Dominion Steel & Coal Corp., Ltd.—
Class B (quar.)
Dominion.Tar & Chemical Co., Ltd.—
Common
Ltd.,
$30c
—
(quar.)—
Dominion Malting Co., Ltd,,
5%, preferred
Wares Co.,
Steel
5- 2
3c
—___
—
7-15
5- 2
5-2
5-2
5'/r preferred (quar.)
————.
Georgia-Pacific Plywood & Lumber (quar.)
Gilbert (A. C.) Company—
3-31
4-15
8-10
11-10
;
;
:—
3-28
6-29
'
(quar.)
4-15
5-
Extra
3-25
7-15
t$2.50
$1.50
$1.37Vi,
—-
25c
Dominion Glass Co., Ltd., com.
7% preferred (quar.)
Dominion Oilcloth &
General
2-6-50
preferred
4-11
5- 2
(s-a)2c
Ranch Royalty
Johnson
5-2
4-25
$50c
——
20c
preference (quar.)____
preference (quar.)
conv.
convertible
$4
9
5- 1
$1
87 %c
(quar.)_
-
pfd. series A (quar.).
2nd pfd. series B (quar.)^—
2nd
Lake Superior &
(quar.)^—_
—:
10c
redeemable
Second
(s-a)
:
Public Service, $6 pfd,
preferred (quar.)
2
3-31
2C
-
Engineering Works, Ltd
Fabrics, Ltd., common.
Dominion
8-
4%
5-2
5-> 2
4-25
—
-—-—
preferred
$5.50
7-18
& Johnson—
Johnson
Series
5- 2
5- 2
5-2
—
$17 Vic
Ltd. (quar.)—,
Ltd.—
Dominion Dairies,
1
3-1-50
50c
u_
Dome
Mines, - Ltd.—-—,
Dominguez Oil Fields
9-
75c
________
_
Dominion
5%
General
3-31
.,
6%
tp)
4-11*
9
Co.
8-1
Keystone
3-31
6c
$3.75
-
93%c
87'/2C
—T
4-20
4-15
'
-
4-11
(quar.)—' 95c
4% preferred (quar,)—^—
$1
Kansas City Southern Ry., 4% pfd. (quar.)
$1
Kellogg Switchboard & Supply Co., common
15c
5% preferred (quar.)$1,25
Kennedy's, Inc., common (quar.)..
30c
$1.25 preferred (quar.)
31V4C
Kerr-Addison Gold Mines, Ltd. (interim)—
$7c
50c
93%c
$1.25
—_.—
—
5- 1
6-20
5- 2
4-5
4-30
4-30
4-11
*50c
(quar.)—,
——
—$1
60c
933/ic
1
Kable
50c
87%c
pfd. (quar.)__
$5 preferred (quar.)—————
General Products Mfg. Corp., Ltd.
1
6- 1
9-1
12- l
30c
30c
3-31
—
3-25
30c
;
(quar.)„;
—
Co.. common (quar.)_
preferred (quar.)_
33/i '/<
preferred <quar.)
Johns-Manvllle Corp., 3%%
pfd.
9-15
,
8-1
8-1
25c
(quar.)
Mfg. Co.
4-15
7V2C
25c
$1
—
8
4-15
4-18
4-18
7-19
7-19
5-10
25c
37%c
Joplin Water Works, 6% pfd. (quar.)
...
Journal Publishing Co. of Ottawa________—
K. W. Battery Co,
20c
55c
l"0c
preferred
4-
7-
5-1
5- 1
37%c
—
3-31
—
4-
30c
3-31
Tea
Kokomo
4-25
$1.75
3-31
4-21
Johnston
——
4-20
12 Vic
5
•
-
,
quar.)—,.
Corp.,
3-15
4-18
3-31
——
A
Inc.
4-15
13c
Inc..;
4-21
4-21
4-15
5- 2
4-25
„—
(s-a)
4%
convertible preferred C. (s-a)—
General Foods Corp., common (quar.)
$3.50
$75c
:
Fund,
Inc..
3% 7r
Kansas
10c
2
4-4
3-24
135c
$50c
$15
12 %c
—
___-l—'
Mfg.
5%
5
Corp.—
(increased
Common
4-4
preferred
Jewel
i
3 % %
$1,25
$50c
—
(quar.)—_
General Investors Trust (Boston)
(quar.)
$1.25
-
—___
Co.—..
Detroit
General Finance
5- 2
Stock
Fireman
4%
8-20
11-20
4-
3-15
3-31
—__1__—14c
Management
Mutual,
3-14
4-15
Jersey Central Power & Light—
5-20
5-11
5- 3*
5-2
4-15
preferred (quar.)
coxjv.
Quarterly
Quarterly
5-14
6-20
9-20
12-20
4-11
4-11
4-15
Harvester," common
6-15
preferred
preferred
preferred
6%
4-15
7-1
10-1
(quar.)
—————
30c
(quar.)——
—
30c
(quar.)
——
——
30c
Gardner Denver Co., common (quar.)——35c
4% preferred (quar.) —$1
General' American
Transportation Corp.—
$4.25 preferred series A (quar.)——
$1.06V4
General Baking Co., common—„ 15c.
General Cable Corp., common———25c
General Electric (?o.
——50c
6-17
$1.75
__
—
6-15
$37%c
3-31*
3-31*
Ltd.—
(quar.)
4-
——«
Company—
(Robert)
Gair
Sugar,
Culver
Corp,
(s-a)-.
Cunningham' Drug Stores,
preferred
Products, Inc
6%
—
quarterly)
(quar.)—
$2.20
1
$1.75
——_—.—,
(increased
Powders,
preferred
4-1
Co..———;
Telegraph Co. (s-a)——
Companies, Ltd.. common (quar.)
Froedtert Grain & Malting—
Fraser
Common
Bronze
4-30
——.
West Sixth
4* 4
7- 1
4- 9
Building (Chicago)—>
4-15
—
Franklin
-
preferred (quar.)_
Cuban
1
4-
4-15
^
Iron
,
Extra—.
4-15
$1.75
preferred (quar.)
——Creamery Package Mfg. Co. j[quar.)_
__
Crown Cork & Seal Co., Inc.—
Crown Cork & Seal Co., Ltd. (quar.)—j*
Crum & Porster, common (quar.)
8 % .preferred
(quar.)
——
,
1
$1.31 %
,
$5.25
Cuban American Sugar Co.,
4-
4-15
4-15
37Vsc
37%c
(quar.).
(qudr )
Fdundation Co. of Canada, Ltd.—
6%
5- 2
Fund, Inc.—
Participating preferred (quar.)
Participating
Participating preferred (quar.)
Participating
5
*
Corp.,
prior-preferred
prior preferred
6%
6%
3-31
6- 1
7- 1
9-1
12- 1
C- 1
4-15
6-15
6
3-22
3-30
—
4-
$1.13
5- 2
4-29
(increased)
participating
Investors
3-31
1
$1
1
$25c
25c
(quar.)_
35c
Co., 4% pfd. (quar.)__
$1
International Nickel Co, of Canada, Ltd.—
•,
7%
preferred
(quar.)
—$$1.75
7%
preferred ($5 par) (quar.)
$8%c
Interstate Department Stores (quar.)
50c
Investment Foundation, Ltd.^—
4-15
4-
7-
25c
preferred
5- 1
5-20
(quar.)—
International Milling
4-14
4-30
4-15
4-30
4-15
4-15
4-11
6%
4-19
4-20
3-28
4-25
2
3-31
65c
—
& Rubber Co., common
Tire
5-16
5-21
I50c
$1
65c
50c
50c
4-11
1
(Initial)
(s-a)_
Continental Gas Si Electric Corp,————
Continental Gin Co.,
4 % %
preferred (quar.) —
Continental Insurance Co.
(quar.)————
Corn Products Refining, common (quar,) —
7%
preferred (quar.)
————
New
5- 1
4-15
6-
4-15
6-
80c
Consolidated
4-19
4Vi%
8
5-
5-16
Co. (s-a)_———
Inc. (reduced)
.
Mills, Ltd.—
Co.—————
Consolidated Royalty Oil
Consolidated Textile Co.,
tn,
4-
2R
$1
(s-a)
Gas
4-29
4-29
preferred (quar.)$1.12Vi
Fltzslmmons Stores, Ltd. 61 1st pfd. (quar.)
$1.50
6% 1st preferred (quar.)—.
—
$1.50
6% 1st preferred (quar.) —
$1,50
Florida Power & Light, 4Vfc% pfd, (quar.)$1.12%
Flour Mills of America, Inc
—
30c
Food Machinery Si Chemical Corp.
Stock dividend -1
———
l/2 %
Foote Mineral Co.
(stock dividend)
100%
5-
25C
Consolidated' Paper
3-31
$1
(quar.)
5-2
20c
15c
40c
Co.
Investors ——
'
Telephone Corp.—
International
Investors
3-31
50C
(quar.)_—-i—
RR.
Insurance Exchange
Investors
4-15
*1
(quar.)—
preferred
Consolidated
4-15
4-15
$1.50
4-15
(N. Y.)—
Consolidated Edison Co.
8-11
50c
$l,O0,/»
_——
E- 2
20c
(quar.)——
Corp.
Dearborn
-
—
4-9
Associated
Common
6-15
8-16
75c
$1.50
prior
cisco)
preference
participating
A
6-10
,
$1
Heating (quar.)
Industries, Inc.—
Consolidated Chemical
3-19
9-15
;*.•—
37 Vic
$1.90
6-30
9-30
12-30
*
preferred (quar.)
Indianapolis Power Si Light-—
4- 9
7- 1
10- 1
New
(initial quar.)—
Fidelity-Phenix Fire Insurance Co. (quar.)_
Field (Marshall)
& Co. (quar.) ———
Fireman's Fund Insurance Co.
(San Fran¬
$2
$1.25
$1.25
$1.25
!
$2
International
preferred (quar.)—
Fidelity & Deposit Co.
Connecticut
Incorporated
t$l
—
6%
3-25
Imperial Tobacco Co. of Canada, Ltd.—
4% preferred (quar.)Indiana
(Washing¬
Corp.
Finance
4- 5
4-15
4-15
4-11
—
(quar.)
Co.
8-15
$2.50
—
C.), common (quar.)
preferred
(quar.)—.Federated Department Stores, Inc.—
Common
(quar.)
4,/<% convertible preferred (quar.)
Fibreboard Products, Inc.—
Co.
Power
Zinc
5-13
(s-a)
6%
4-30
5-15
75c
pfd. (accum.)
(N. H.), 7%
Concord Gas Co.
—
———
Co,
Commonwealth
$2.50
Insurance Co. of Canada
Services
Federal
Illinois
Illinois
11-15
7- 1
4-15
50c
93%c
25c
50c_
—
quar
Illinois Terminal
1
4-15
4-12
25c
——
Corp.
Finance
preferred
5%
4-15
6- 1
9-1
12- 1
5- 1
4-14
5- 2
Common
—
Semi-annual
1
3-31
$25c
ton, D.
Alcohols, Ltd., 8% pfd, (quar.)
Hotel, Inc., common (initial) —
4-20
5- 2
50c
—
Huttig Sash & Door, 5% preferred (quar.)_
5% preferred (quar.)—
(Syra¬
Common
——
.
4
4-
5-20
30c
—
(N. Y.)___—
Corp., common (quar.)3% %
preferred (quar.)
——
Howell Electric Motors (quar.)
0-28
4-
$1.25
$1.25
(quar.)—
N. Y.), common
(quar.)
cuse,
4-20
Houdaille-Hershey
5-12
4-15
(quar.)
Inc.
Household
5
Brewing
50C
Commercial
—^
Farmers Si Traders Life Insurance Co.
87 %C
Colgate-Palmolive-Peet Co., common (quar.)
83.50
preferred (quar.)
Electric Co
Combined Enterprises, Ltd., 6% pfd. (quar.)
Combustion Engineering-Superheater—
2
6-28
(T.~p.), Ltd., 4.10% pfd. (quar.)
*26c
Corp., 4Vz'U pfd. (quar.)-$0.185614
Estabrooks
5-14
50C
Columbus Si Southern Ohio
5-
4-
6- 1
27 %c
Horder's,
Horn & Hardart Co.
4-15
4-15
4-30
25c
& Company,
non-cum.
class A (quar.)
4
7-15
5-2
5- 2
(Henry)
4-
3-25
Holders
25c
37%c
common
4-15
7-15
$1.25
preferred A
Falstaff
(quar.)
Common
$1
30c
J25c
20c
30c'
$1
(quar.)
—
(quar.)
—
—
Esmond Mills, Ltd., 5% pfd. (quar.)——
1
25C
(quar.)
preferred A
preferred A
$5
6-10
1
4-15
$1.75
Cockshutt Plow Co.—
Common
4-15
Co.
Railroad
Erie
4-22
5-15
$1.12%
preferred (quar.)
Clinton Water Works, 7% pfd. (quar.)'——Clopay Corp., class A
Coca-Cola Bottling Co. of St. Louis (quar.)
Holt
60c
quarterly
—
——
Empire Brass Mfg. Co., Ltd., class A (quar.)
Empire Millwork Corp, (quar.)_——
Empire Southern Gas Co. (quar.)
Emsco Derrick & Equipment, 4% pfd. (quar.)
5
15C
—
$4.50
5'k
6-15
When
Payable of Rec.
Share
(quar.)--.
convertible preferred (quar.)
Holly Sugar Corp.,
5-14
70c
Increased
3-25
5-
30c
—————
4-15
30C
$50c
15c
50c
25c
2nd preferred (s-a)
...
Radio Si Phonograph—
6%
5%
Name of Company
4-15
Emerson
$1.25
preferred (s-a)
--New Orleans & Texas Pacific
preferred (quar.)_.
5% preferred (quar.)-—
Circle Bar Knitting, Ltd.—
$1
participating class A (s-a)————
4%
200%
El Paso
4-15
5-16
35C
Cincinnati.
City Stores, common (quar.)
Class A (quar.)
$1.12,/2
$1.25
——..........-
Electric Co._——Cincinnati Inter-Terminal RR. Co.—
..
(quar.)—
Natural Gas (stock dividend)——
Elastic Stop Nut Corp. of America——
Electric Boat Co., $2 preferred (quar.).—.
Ely & Walker Dry Goods Co., com. (quar.)
7% 1st preferred (s-a)
—.—
—-—*
&
Gas
Products Co., common
iVz%- preferred (quar.)—
Ekco
Per
Holdert
4-25
5-25
6-25
5- 1
5- 1
4-14
5-16
4-11
6- 1
21c
—21c
30c *
*
(monthly)
Common
Monday, April 11, 1949
Payable of Rec,
21c
(monthly)
Edgewater Steel Co., common
Common (monthly) —
8
1
When
Per
1
4-
25c
Common
Cincinnati
4-
5-
15c
Chicago Corp. (quar.)—,,—*—
Chickasha Cotton Oil
Common
4-15
17c
(initial)
CHRONICLE
Share
of Company
Name
Payable of Ree.
Share
of Company
Holder $
When
Per
Name
FINANCIAL
&
COMMERCIAL
THE
(1602)
(quar.)
.
Co.—
(Marshall)
Realization
& Co,
,
Volume
THE
Number 4793
169
When
Per
Name of Company
Factor
Max
Grain
McCabe
Class
A
McCall
..
3-31
Northwest
4-
Oceanic
4-15
3-31
5
7%
4-15
Ohio
5- 2
4-15
4-15
7%
preferred (quar.)
5- 2
„
612-
1
4-20
3-31
5- 2
4-
1
2
4-
1
Extra
$1
Stores,
Class
(quar.)
B
McKesson &
McLellan
5%
A
Co.
(increased
Acceptance
preferred
Mercury
3-31
$1
37'Ac
quar.)
4-15
1
Oxford
Paper
5-
L
4-12
Pacific
Coast
5-
1
4-12
Ltd.
4'A%
5- 2
4-30
4-15
Co.
Preferred
37Vic
6-30
6-15
Pacific
Portland
Pacific
Telephone
Preferred
$1.12'/a
8-31
Preferred
(quar.)
$1.12 Va
11-30
5- 1
8-19
-11-17
15c
4-15
3-25
Bumper
Michigan
Gas
4.40%
preferred
Bakeries
(quar.)
Midwest Piping & Supply Co
Miller & Hart, Inc.
*
-
Miller
olass
Minneapolis-Moline
$5.50
1st
$1.50
conv.
preferred
Minnesota
2nd
Mission
&
share
One
each
of
two
quar.)
quar.)
preferred
Louis
Corporation
1
Park
4-
1
Parke,
Davis
4-15
4- 5
Pebble
(initial
6%
1st
preferred
Gas
Mitchell
&
cum.
preferred
15c
4-15
4- 5
$1
cum.
preferred
30c
$1.37Vi
5-15
4-22
4-22
$1
cum.
cum.
Morris
Plan
$2.25
&
Co.
Motorola, Inc.
1,
pfd.
5$
Pennsylvania
Pennsylvania
Railroad
Pennsylvania
Salt
4-15
4-
1
3'A%
5c
4-15
4-
1
Peoples
6-15
<6-
1
5-10
4-15
3-15
4-30
4-
System,
Mutual
&
Telephone
Inc.,
Light
Mines,
Company,
preferred <s-a)
6%
4.3%
preferred
4.4%
preferred
4-18
1
4-18
Philadelphia
National
Phillip-Jones
Corp.,
25c
4-15
3-31
5-31
5-10
lc
5-31
5-10
tl2'/2c
62V2C
4-30
4-14
4-20
4-20
3-31
3-31
Pierce
4-15
3-31
Pillsbury
Philip Morris
__
__
(quar.)
$1.50
,
(quar.)
50c
A
6-28
4-15
3-31
6-12
5-23
Power
9-12
56'Ac
;
5-2
,
.
4-15
Procter
.
6-
1
5-16
6-
1
5-10
40c
50c
4-15
3-31
5-16
4-28
5- 2
4-15
preferred (quar.)
,$0.296875
Department Stores Corp. (quar.),
25c
5- 2
4-15
4-15
4-
5-2
4 11*
Corp.
convertible
Co. (quar.)
(Del.) —
Mfg.
'
National
National
Distillers
National
Products
(quar.)!
Welding Machine Co.—
Electric
50c
2
4-22
Quebec
Power
8-
1
7-22
Quebec
2c
15c
4-15
3-31
$15c
7-1
6-3
National
Class
Gas
Co.,___
;
Hosiery Mills,
A
Class A
(quar.)
?15c
Class
(quar.)
$15c
1-1-50
8c
4-20
National
Investors
National
10-
1
9-2
12-
2
Lead
Corp.
(quar,)
Co.,
preferred B (quar.)
6%
National
Lock
Co.
preferred
$1.50
(quar.)
Paper &
National
Shares
Car,
National
Tank
Co.
National
3.8%
Tea
Co.
Ltd.
4'A%
Neisner Bros., Inc.,
Neon Products of
New
Brunswick
New
Calumet
New
Common
Jersey
Newberry
334 %
(J.
North
American
Carolina
Northern
(quar.)
4-15
3-31
Reitman's
4-29
4-15
5-15
5- 5
5-15
5- 5
5- 2
$1.183A
4-16
1
4-15
5- 2
4-15
5-
$12c
4-15
3-31
$5c
(quar.)
(quar.)
4-28
4-19
Association—
3-31
25c
Miils,,
4-15
5-
2
4-15
Ry.
93%c
preferred
RR,
7%
Public
preferred
(quar.)
25c
Co»v (quar.)
Power
preferred
15c
'
.
8- 1
7-20
4-26
4-14
20c
5- 2
4-15
5- 2
4-15
Rochester
(quar.)
„
com.,,
4-14
4- 4
5%
17%c
4-20
4-15
3-21
3^31
3-31
Rock
$1.20
90c
4-15
4-15
3-31
5- 1
5- 1
*-14
90c
4-34
&
Quarterly
America
»
(quar.) ,,,,—:
$2c
3-31
5-
2
4-15
F-
2
$20c
(quar.)
Oil
Steel
&
4*-
8
50C
Iron
(quar.)
,
5-14
4-15
50c
(quar.)
Corp.
Sloss-Sheffield
4-15
10c
—
-
Canada, Ltd.—
6-20
6-10
Slater
$2.12
preferred
Common
4-19
4-
1
5-
4-
1
2
Ltd.—
$50c
(quar.)
Society Brand Clothes, Inc.
Aircraft, common-
(quar.)
preferred
Petroleum,
-•»:
—1
-—
(initial)!_"_
3-31
4-15
4-
3-31
1
20c
3-29
4-15
3-31.
2'Ac
5-15
4-30
tic
'
4-11
15c
•
2
(quar.)
Ltd.
4-20
50c
(quar.),
4-30
$50c
—
Company
Solar
convertible
1
4-15
(quar.)
Brazeau
9-10
12-10
5-
40C
;—_
Hungerford)
(J.
90c
—
(quar.)
Paper Mills,
preferred
9-20
12-20
$30c
(quar.),,,
com.
Corp
O.)
(Howard)
4%
Ltd.,
Company,
(A.
Smith
,
—
(N.)
50c
50c
Quarterly
Quarterly
4-29
4-14
4-15
4-
4-15
3-31
South
Pittsburgh Water Co.—
4'A%
preferred (quar.),—
Southern
6%
California
——
•r
$1.12'A
1
Gas Co.—
37'Ac
preferred (quar.)
preferred A (quar.)
37'Ac
$$1.50
4-15
3-18
3-31
Southern
Colorado
17'Ac
4-15
3-31
4-15
5- 2
5- 2
Southern
Indiana Gas
4-12
4.8%
4-12
Southern
New England
Railway Co.—
45c
90c
$1.17'A
.
3-31
3-18
4-15
3-18
4-14
3-15
4-15
5- 5
4-15
5- 2
6- 1
6- 1
6- 1
6- 1
4-15
3-25
$1.25
55c
$1.06'A
40c
87'Ac
$1.25
■'*
4-
5
4-
5
6%
Co.,
common,,;.,
*
3-31
4-
4-30
i
5
4-
5
4-
5
(quar.)
(quar.).
preferred
Co.
Power
Electric—
&
preferred
8
5- 2
4-
4-20
3-31
5-31
5-25
5-
4-30
3-21
2
4-14
preferred
4-14
15c
$1.75
6-15
7- 1
7- 1
5-24
5- 1
4-15
25c
5- 1
4-21
50c
5- 1
4-21
3-24
6-15
6-15
Service,
6-15
5-13
$1.25
common—,,,
(quar.):
9-15
8-15
4-15
97'Ac
A
4-13
7-13.
5-16
5-
1
4-15
(quar.)
Ltd
——
1
1
4-15
1
4-15
7-
1
6-15
5-
2
4-15
$1
—.
555-
10c
.-J
f.
$1.03%
$1
—
(quar.),.
Mines,
7-15
6-1
$1.25
(quar.)—
(quar.),,:
(quar.)—
preferred
preferred
50c
9 2'Ac
—
Sovereign Investors. Inc.
Squibb (E. R.) & Sons—
$4
3-31
40c
Public
preferred
preferred
preferred
Stadacona
4-15
—
Quarterly *_
5-
2
4-15
4-15
$3c
4-18
3-28
$1.50
4-25
3-31
$1.75
4-25
3-31
933Ac
4-15
3-24,
Standard Gas & Electric—
$6
prior
(accum.)
(accum.)
preferred
$7 prior preferred
Oil Co. of
Standard
33A %
5-12
4-14
(Texas)
Quarterly
5%
4-15
$1.50
$1.25
(quar.)
iquar.),,,.
Life Insurance
Southwestern
4.15%
1
40c
preferred
non-cum.
3.90%
5i
non-cum.
5-13
1
•
5%
5-13
4-
)
Telephone Co. (quar.)
5%
Southwestern
5-16
5-16
$1.20
(quar.),,
Standard
Power
Standard
Silica
Standard
4%
Ohio—
(quar.)
& Light 7% pfd.
(accum.)
Corp.
(quar.)—.—
preferred A
Steel
Spring
'5-
2
4-15
5
5-14
5-
5-
1
4-15
1
4-11
Co.—
50c
!,,,
Stanley Brock, Ltd., class A (quar.),,,,,
conv.
$1.75
12 >/2C
preferred
(quar.)
$15c
5-
7-11
$15c
A
B
Class
B
8-
1
5-
1
4-11
$10c
8-
1
7-11
40c
4-15
3-31
$1.25
(quar.)
(quar.)—,—
$10c
(quar.),
Class
6-30
.
—(
State
Street
6- 1
9- 1
12- 1
$40c
$40c
$40c
5-16
5%
Steel
Co.
5- 2
$25c
—
7-1
6c
15c
15c
15c
15c
-
20c
50c
$1.75
$1.75
$1.75
$1.75
(quar.),,
common
55858-
,
,
$1.31'A
5c
(quar.)
9-15
10-
$5c
»
6-15
7-
$5c
$27c
common,,—
6-15
1
10- 1
—$28c
1
9-15
2
1
1
1
1
,4-21
"■ 5- 2
4-15
5710710-
1
1
1
1
1
4-11
4-15
7-15
4-15
7-15
Bros.
Stovel
4-
1
4-15
6-15
9-15
Strawbridge
Sullivan
conv.
pfd.
Sunray
Mines, Ltd.
Coal Co.,
•
com.,,—
Oil
(annual)
A
—
7
4-
7
5-13
4-29
6-16
7-
4-22
4-
$12'/2c
4-15
3-31
1
1
5-
2
4-20
$1
5-
2
4-15
(quar.)
4-25
3-25
2
4-11
$4c
:.12'A
5-
25%
Corp.
com.
4-11
3-21
25c
4-15
2-28
(quar.),
50c
4-20
4-
(s-a)
20c
5-16
4-29
Taylor-Wharton
50c
4-12
3-30
(quar.)
(Calif.)
Super Mold Corp.
9-18
preferred
Iron
Tecuprseh Products
&
Steel
4-20
4-20
Tennessee
Odin
5- 2
4-
1
Tennessee
Products & Chemical
50c
4-15
4-
5
Terre
$2
4-27
4-27
4-13
25c
25c
25c
6-15
9-15
12-15
Haute
(increased).,
for
each
share
Insurance
Malleable &
Co.
4-11
3-16
10c
4-15
3-31
Corp., com.,
15c
5-16
5-
2
(quar.)
20c
4-15
4-
5
5%
5- 2
5- 2
shares
5
(stock dividend)—
Three
4-13
4-
2
Corp.,
$5
(quar.)
(resumed)
class A pfd.
$10c
-
2
5-
25C
—
dividend
Stock
7
5-
Co.—
183Ac
933Ac
(quar.),:
(quar.),,,
common,
Company, 4'A%
Sunbeam
4-
56c
-
(quar.)
Consolidated
2
20C
Clothier,
&
5-
25c
Corp
preferred
Talon, Inc., 4%
1
(quar.)
(quar.)
Electric Securities
2nd
6-15
4-
Inc.
Press, Ltd., 5%
Sun Oil
4-11
Stores,
$75c
31'Ac
Container
Suburban
9-15
12-15
7.43 3Ac
Ltd., com.
(quar.)
Stern Textiles,
preferred (quar.)
&
4'A %
6-15
9-30
12-31
$1.25
—
Canada
of
Stone
$4
Corp.,
(quar.)
partic. pfd.
Participating
Stern
(Boston)
Corp.
(quar.)
7%
4-15
—
Lithograph
(quar.)
preferred
preferred
preferred
5%
8-15
11-15
Investment
Stecher-Traung
5%
(quar.)
(quar.),
4-15
37'Ac
Co., Ltd.—
(quar.)
preferred
Sterchi
preferred
Power
participating
3.70%
50c
50c
(quar.)
Canada
Common
4-13
$1.50
$25c
»
California Edison
Southern
$4
Mills, Ltd
Co,
6%
Southern
'
4-15
$2
$7c
(quar.)
<quar.)__,
Ages Corp.
Common
Ltd
Mines,
of
5
3-12
(quar.),.
(quar.)
(quar.)
Pittsburgh
non-cum.
of
Quarterly
4-14
4-20
______
common
Button
4-
5-25
4-20
Ltd.—
& Company
Robinson Cotton
4-11
$30c
Gold
Corp
Sinclair
$1.25
—
60c
Association, Inc.,,-—
preferred
Rochester
$1.25
(Minn.),
(quar.)
Inc.,
33i%
1
4-20
2nd preferred (quar.)
Rich's,
$3.50
4-20
Ltd.
Goods Co.,
W.)
5-18
5-16
(quar.)
7%
(H.
1
$30c
—
preferred
6-
Power Co.—
Class
preferred
preferred
5-18
3-31
—
1st
1
4-15
(quar.)—
Dry
6-
25c
class B
2nd
Rickel
37'Ac
(s-a),
2
$1.25
1st preferred
4-13
3-25
3-31
$1.25
7%
4- 4
4-
4-15
$87'Ac
(quar.),,,,
Racing
(quar.)
3-24
6-
25c
(quar.),,,
3-11
——
& Brass, Inc,
preferred (quar.)
Rice-Stix
common
6-15
4-21
(quar.),,—
Copper
Revere
Co.,
4-10
40c
(quar.),,
(quar.)
4-30
■
Republic Investors Fund, Inc.,
6% preferred A (quar.)
6% preferred A (quar.),,
6% preferred B (quar.)
6% preferred B (quar.)
Revere
3-24
65C
25c
preferred
(Del.)
23'Ac
,'
A
4-12
4-10
(quar.).
Extra
5-10
Service—
Co.
A
Extra
Class
4-15
15c
guaranteed
(quar.)
States
preferred
4-15
8
5-1
15c
7%
Illinois Corp., common
convertible preferred
(quar.)
$4.80
5- 2
Co.—
8
Coventry Ltd.,
Class
7%
(quar.)
(Canada),
redeemable
5%
5'A%
20c
Engineering Works
Northern
$3,60
non-cum.
$$1.50
Refractories
Northern Indiana
5%
$1.60
Canada, Ltd.—
Northern
$1.50
7-31
Co.,
Western
adjustment
4%
North
pfd.
conv.
x
J.)
8-15
75c
Electric
&
$1.25
5-13
1
1
45c
(quar.)
common
preferred
preferred (quar.)
preferred (quar.)
preferred (quar.),.
non-cum.
65-
25c
(quar.)
convertible
(irreg.)
non-cum.
$1.60
3-15
8
4-
$75c
$l'Ac
Mills,
$1.60
91'Ac
(quar.)
4.56%
(quar.)
Knitting
1
4-15*
3-11
(quar.)
"
Company,
1
4-15
1
4-
4-15
$1.10
$2 participating class A
4-
7-18
1
4-30
(quae.)
4-
1
5-
28c
(quar.)
4-15
8-
85c
-
„—
(quar.).
;
Corporation.
Regent
27'Ac
1
preferred
(quar.),,.
preferred
-4-15
53 'Ac
(quar.)
Telephone, Ltd.
preferred
Norfolk &
434%
Worsted*
4- 1
4-18
convertible
—_
(quar.),,
5%
A.)
1
Southern
Hosiery Mills, common
<C.
5-
1
4.48%
pfd. (quar.)
Ltd
(quar.)
Reed
4-
$40c
common
preferred
7'Ac
2
(quar.)
Creek
Smith
1
Power Corp.—
preferred
Reece
4-
1
(quar.),,,
&
7%
Renold
(s-a)
Mines, Ltd.
Gas
(quar.)
4-15
37'Ac
quar.)
(s-a)
England
4- 5
47'Ac
pfd.
Western
preference
4-15
4-15
$37'Ac
(quar.)
Naugatuck Water Co.
6%
(s-a)
(quar.)
(increased
preferred
Silk
Sheep
Sheraton
4-
Ltd.—
preferred
preferred
15c
preferred
Corp
Steel
2nd
SI
(s-a)
5%
Type,
National
Real
Co.
4-20
4-15
1
(annual)
$1.25
*
class A
National
(quar.)
5- 2
25c
25c
.
(s-a)
$2.50 non-cum.
3-31
A
Reading Co.,
5%
National Manufacture & Stores, com.
$2
Class
4%
(quar.)
A
-
5-10
25c
(quar.),
common
3-31
4-
(quar.)
Telephone
10-19
2c
4-
4.-12
(quar.)
of
6%
5-
2c
4-15
:»__—
preferred
preference
(George) Fund
10-29
Quarterly
Quarterly
Fuel
Co.
Redeemable
Putnam
3-31
25c
M-
4-
preferred
Quaker Oats Co.,
4-15
50c
•
_—
Common
4-20
5- 2
5- 1
5- 1
5-
3-31
4-15
$1
Co.
Banknote
preferred
4-15
25c
:
10c
Indiana, com.
(quar.)
Puget Sound Power & Light $5 pfd.
Purity Flour Mills, Ltd.—
3'A%
Co.
3-15
20c
1
(quar.)
com.
4-15
4-15
5- 1
4-21
(quar.)
Co.
Co.,
(quar.)
convertible
Smith
-
$7C
Ltd
;
preferred
Oil
1
4-25
Mines,
preferred
Service
Co.,,
$2.60
3-30
$$1.50
partic.
preferred
-
4.40%
5
A
Quarterly
National
4'A %
Public
Mines,
Co.,
3-21
V
(quar.)
Dome
9
$1
17'Ac
15c
(quar.),,
Gamble, 8% pfd. (quar.)
Proprietary Mines, Ltd.
i,,
Prosperity Co., 5% preferred (quar.)
Public Service Co. of Colorado, com. (quar.)
3- 8*
4-15
2
$1
&
25c
(quar.)
pfd.
East
62'Ac
Inc.
1st
non-cum.
Preston
6-
1
"
4-
.
$1
(quar.),,—;
Canada,
6%
1
4-
4-14
50c
(s-a)
common
Electric
preferred B
6%
8-23
11-23
4-15
5
7-
$$1.06
)
(quar.)
——
Potomac Edison Co., 3.60%
of
4-
6-15
6c
Cordage Co,,
Employees' Stock ,
Corp.
4-12
Co.
4-29
.
(resumed)
General
1
$5
$1.25
40c
Portland
15c
Container
Co.
1
Finance
4-15
•*,—
preferred
$4
Plymouth
Tool
6-
9-
Electric
4-15
$1.25
(quar.),,
.—_
Co., prior pfd.
Screw & Bolt (quar.)
!
Pittsburgh
3.65%
4-30
Co.
Inc.,
9-15
$1.50
43A%
Mills,
3-31
12-12
1
35c
4
12-
Seaboard
South
Petroleum
12-15
12c
1
-——,
(quar.)
9-28
...
12c
Co., common (quar.)
Register Co.,——,
Co., common (reduced),—,
National
Governor
Plomb
5-
(s-a),
(quar.),,—
preferred
6-16
$25c
Biscuit
&
preferred
3.60%
4.70%
(quar.),,,,.
Chemical
4%
4-30
A.(quar.)_—
National
5
<5-
—
37V2C
(quar.),
Utilities, Ltd. (s-a)
Narragansett Electric, 4'A%
pfd. (quar.)__
National Alfalfa Dehydrating & Milling—
Cash
5-16
preferred
12-28
(quar.)
preferred
Casket
4-
Co., Ltd.—
12c
preferred
National
•
—
4.8%
National
1
Co.
(increased quar.)
Extra
preferred
Fibres,
4-14
1
$1.10
—,
Insurance
4-
9-15
Company
Quarterly
1
95c
$1.07'/a
4
4
4-25
12-15
Shawiningan Water &
3
5- 2
5- 2
5- 2
3-31
44-
Security Storage Co, (Washington, D. C.)
5-16
,
$1.50
(quar.)
2
4-25
$1.25
Scranton
15c
pfd.
5-
•
$1.25
preferred A (quar.)
5'A% preferred A (quar.),
Scott Paper Co., $3.40 pfd. (quar.)
Scovill
Manufacturing Co.,
$1
8-
2-
-
4-25
?60c
(irreg.),
$50c
$$1.50
Ltd.
5'A%
$lc
(quar.),,
5%
&
$1.50
—
3-31
"
6-
common
10c
4.8%
National
6-
&
Map
Security
6-
(quar.),,
3.8%
2
(quar.),^
Diego Gas & Electric
5%
preferred
(quar.)
Sanborn
87'Ac
,,
Extra
Pioneer
Nanaimo-Duncan
Automotive
Common
Gold
Antonio
Seaboard
11-
.
(quar.):
1
(quar.)
preferred
Ltd.
$1.50
A
National
8-15
75c
Coke
&
5-
$1.50
preferred
New
Gas
Gold
5-
Inc
(Hawaii)
Co.
5
5-
5-15
J
(quar.)
A
5c
$1.50
6'A
9-15
,11-15
$1.06'A
pfd. (quar.)
(increased.)
Co.—
Philadelphia Electric Co.,
8
Development
4.8 %
_
preferred
—
4.25%
Co.
Mfg.
56'Ac
(quar.),(quar.).
Mutual
Power Co.,
Philadelphia
3-14
4-16
62'Ac
Fund,
10-
*
$1.10
(quar.)..—,
3-15
common.-.—
(quar.)
Investment
7-
9
92'Ac
(quar.)
4
5-
Southwestern
Sherwin-Williams of
C
50c
(quar.)
preferred
4-15
$75p
B
5-15
_____
preferred
4-2
2
$$1.50
preferred
11-15
.,.
6%
4-6
5-
33c 2-15-50
.
preferred
150c
(quar.)—;
6%
4-
33c
3.70%
4-
(quar.)
Schwitzer-Cummins
5-
33c
4.40%
4
4-25
A vtc
4-22
5
1
4-30
33c
4-15
4-
A vtc
preferred
preferred
Schenley Industries, Inc.
Schuster (Ed.) & Company,
62'Ac
—
4-~4
$$1.75
3-25
10c
(quar.),.
(quar.).,!
4-
4-15
4-25
$1834c
(quar.),.,
Paper
4-
2-
common
8
4-15
50c
$40c
4-15
25c 2-15-50
3-24
37'Ac
(quar.)
class A convertible preference
Mutual Chemical Co. of America—
5%
Ltd.,
9
Ltd.—
Co.,
4-15
75c
preferred (quar.),
preferred (quar.)
preferred
4-
1
$50c
-
Mills
25c
(quar.)
2
5-
Motor Specialties Co.—
Mutual
4- 5
11-
4-15
-
$2
t
6%
1
4-25
15c
(quar.
Flour
San
3-31
11-15
12-15
—2,
preferred
3-25
4-15
25c
4-15
$1
(quar.),
common
6%
4-18
4-15
:
(quar.)
4-
4-
quar.)
Ry
Saguenay Power Co., Ltd., 4'A%' pfd.
San
8-
preferred
1
Louis
3-31
5-
cum.
'4-
St.
4-15
(quar.).
$1.62%
Mills, Ltd—
Power, common
preferred
5
8-15
$.1.75
Mountain States Telephone & Telegraph Co.,
Muskegon
4-
5-15
preferred
$50c
(quar.)
Royal Rice
States
4-15
25c
cum,
Perron
,
Mountain
75c
25c
cum.
lc
Mount
conv.
(quar.),
cum
$1.50
*
Co.
Extra
5%
(quar.),.
$1.32
Penman's,
common—,-.
Mining
3-31
6-15
$1.32
,
America,
Oil,
4-15
Pennsylvania Electric Co.—
(quar.)__
Diablo
Mount
conv.
12-15
$1 32
2
(reduced
Francisco Ry.
preferred A vtc (quar.)—
conv.
5%
1
1
$1.32
4-15
4-15
Louis-San
4-15
1-1-50
4-18
5-
St.
3-31
50c
$1.25
Mills Co.,
preferred (quar.)
$2.40 2nd preferred (quar.)
2
62'Ac
4-22
for
Avenue
preferred
5-
62'Ac
3-31
Co.
A
3-18*
4-15
1
$1.75
—
1st
$1.25
(quar.)
3-31
(quar.)
5%
!_
$50c
of
preferred
4-15
(liquidating),
5- 2
5-15
__
Company
50c
—
Hampshire) —
4-20
'37Vic
Society, class A (quar.)
(John)
1
—,
common
4-18
4-15
common
(accum.)
preferred
Lawrence
15c
(quar.)
$1
preferred
preferred
—
preferred series A (s-a)
Morrell
4-
7%
$6
35c
(quar.)
Service
Montgomery Ward & Co.,
Montreal Telegraph Co.
4-15
2nd
Common
St.
40c
Telephone,
(quar.)
4-29
834C
Co.,
(quar.)
$1
Distilling Co.
Casualty Co.
(New
Common
5-15
Fifth
Lawrence
50c
25c
dividend)
Monongahela Valley Water, 7%
$3.25
1
35c
Common
;
Chemical
1
4-
Increased
150c
Monsanto
4-
4-15
1
Co.,
Peninsular
Common
Monroe Loan
4-15
$1.12'A
(quar.),,
Inc.
&
9-20
quar.)_
Development Co.
Ltd.,
4
75c
St.
$1.50
cv/C
(quar.)
(Robert),
Special
4-
,
6-20
held.
Electric
4-29
(increased)
9-20
Mississippi Power & Light—
Missouri
Tilford,
(quar.)_,_„
Paper Co., new common (initial),,
Lawrence Corp., Ltd. .$2 1st pfd. (quar,)
,)
Sargent
7- 2
1
Ry._
Mission
shares
4-15
(irreg.)
10- 2
Paper Co
(stock
4-15
5-14
25c
Springs
:
0-20
Peerless
7- 2
&
4-
50c
17'Ac
(liquidating)
(quar.)
preferred
St.
(quar.)
10- 2
___
(initial
(initial
Ontario
Corp.
4-12
St. Croix
5-14
(quar.)
(resumed)
Co.
Corp.
6%
4-15
$25c
(Del.)
Co.
Holdere
Payable 0} Rec.
50c
,
common
47
Building Co. (San Francisco)—
4-15
Bottling,,
Motors
A
When
Share
Corp
Typewriter
2
5-
$$1.75
preferred
$1
com.
Russek's
Corp.,
$1.25
25o
(quar.)
Co.,
Minneapolis & St.
4-
4-15
4%
Paramount
Co.—
A
4-15
4-15
D.)
preferred
5-14
(quar.),,
25c
(quar.)
Manufacturing
Convertible
4-15'
.
(quar.)
preferred
Co.
Companies, Inc.,
preferred (quar.):
4-1
37Vic
37Vic
~
preferred
prior
4-30
5- 2
50c
of California
Oil
Coca-Cola
4-15
15c
(quar.)
prior
$1
$1
Russ
Class
7%
$25c
(quar.)
(s-a)
$5
Corporation
2
5-
$1
,—
(quar.)
Common
(quar.)
Telegraph
(quar.)
Western
15c
(quar.)
preferred
Common
3-31
&
Pacific
Panama
4-20
.
$1.12'A
,
Cement
Packer
4-15
$1.10
______
common
(quar.)
(quar.),,
preferred
10c
(quar.)
Co.,
6%
Royal
Paraffine
Seamless Tube
Midland
4%
&
Corp.
(quar.)
Electric Co.—
5-31
Realization
Rothmore
5-31
25c
Corp.
Lighting Co.,
$1.12'A
Michigan
class A
Electric
preferred
Pacific
(quar.)
(quar.)
.Roper
3-31
3-31
20c
5-31
*
(George
6-20
$1.31'A
Terminals
&
Roper
4-30
4-15
20c
Co
6-15
Inc.—
3-31
50c
10c
(quar.)
Stern & Co.,
Michigan
Gas
Per
Name of Company
■
60c
Aggregates, Inc.—preferred (quar.)
Finance
5%
9-15
Co
Coast
Pacific
3-31
1
4-11
common
convertible
Pacific
1
5-
10-
—_A_
(quar.)
10c
Bridge
Michaels,
Elevator
4-15
25c
floe
common
Common
Miami
preferred
Pacific
(reduced quar.
Co.,
4-
(Calif.) —
Corp.
(quar.)
Mills,
Brewing
4-10
Otis
5c
18c
:
3-31
___—
Co.,
preferred
B
4-10
7%
4-20
.
Ontario Steel Products Co., Ltd., com.
Extra
l'Ac
l'Ac
(quar.)
:
Mercantile
Metz
class
Robbins, $4 preferred (quar.)
Stores
Extra
5-
4'A%
37'Ac
McFadden
1
25c
Electric
&
United Filters,
Class
Holdert
5-
Co
Gas
Corp.,
Oliver
$$1
50c
Oil, Ltd., 4% pfd. (quar.)
Company (Baltimore):
Match
Oliver
McCormick
When
283Ac
—._
—
preferred
(quar.),
5'A%
preferred
(quar.)
1
McColl-Frontenae
Co.,__
4%
1
9-
pref.__
conv.
(1603)
Payable of Rec.
Share
4.6%
Inc.,
Fund
Oklahoma
5- 2
43%c.
433Ac
433Ac
(quar.)
pfd.
preferred (quar.)
&
Oil
50c
tlOc
(quar.)
Newspapers 7%
Airlines,
Oglethorpe
$15c
Co., Ltd., class B___:
(quar.j
Corporation
McClatchy
4-25
4-15
20c
(irreg.)—
Company, class A
CHRONICLE
Per
Name of Company
34c
75c
—
FINANCIAL
&
Holdert
Payable of Rec.
Share
Massachusetts Investors Trust
Matthiessen & Hegeler Zinc Co.
COMMERCIAL
4-30
4-13
held
(irreg.),
Mfg. Corp.
Texas Gulf Producing Co.
Stock
dividend
6-
1
Texas
Pacific
9-
1
Sub
1
Certificates
Land
shares
12-
Trust—
70c
Z
of
proprietary
interest
5-
4
4-13
$70
5-
4:
4-13
48
(1604)
THE
Per
Name of Company
Texas
Power
&
Share
Light, 7%
pfd.
(quar.)
preferred (quar.)
Textron, Inc. iR. I.)# ccmmon
Thor
Cotton
Corporation
Edison, 4sU'/o
Toledo
5-
2
4-11
5-
2
25c
4-15
3-14
50c
6-25
6-15
—
50c
■*—.
__
preferred
Traders Building Association (increased quar.)
Treesweet Products Co.
$1.25
preferred
Trinity
Universal
Ltd,.
—
7%
pfd.
7
4-15
4-
5
5-15
5-10
$1,750,000
8-15
8-10
which
25c
11-15
11-10
$$1.75
4-15
3-31
5-
4-15
-
Works, Inc.—
pref. (quar,)_,__»«„—20c
Udylite Corp.
(quar.)
25c
Electric
Co.
$3.50
$3.70
of
preferred
preferred
$4.50
Gas
Union
Oil
of
$3.50
Canada,
Co.
conv.
B
of
&
Ltd.
U.
Tool
Corp. class
&
$12%c
5-2
4-
5-10
New
5-
1
5-
1
10c
1
Company
Lines
Co.
U.
S. Pipe &
Quarteily
Quarterly
U. 8. Plywood
pref.
4-15
5-
(quar.)
3-31
level
4-11
3-21
5-
4-15
2
50c
.
4-14
10c
4-30
22»/2c
7-
75c
Gross
5-31*
The
pre¬
Stock
declared
the
on
March
that
value
16.—V.
reached
in
less
corporation
than
12-20
11-30*
has
months
seven
Div.—
common
166,
passed
of
as
of
stock,
the
noted
income,—
(quar.)—
—50c
preferred (ouar.)—
;
87%c
4-15
3-31
4-15
In
the
that
Fund
5-
of.
$328,141
$280,397
47,238
27,919
G%
pfd. A
Corp.—-
Stockyards
convertible
Net
(s-a)——
preferred .(quar.),
$6 conv. pfd. (quar.)—
5%
pfd,
Wallpaper,
Leaf
$75c
17V2c
~
$1.50
(quar,)——,—
Inc.,
4%
Tobacco
2
ry.
railway-—income--
cper.
"Deficit.—V.
169,
'
*5,509
but
*13,278
687,503
*11,332
*158,058
■
V
■
,
pfd.
4-15
62 %e
3-25
5-16
v
4-29
5-
2
The
SEC
4-15
(quar.)„_
50c
4-15
4-
(quar.)—
30c
5-
share
4-14
Co., com.
2
company
for 3,800
1
V.
without
169,
March
on
shares
(no
filed
29
underwriting.
p.'1119.
544,324
76,328
35,294
*42,442
*27,243
(quar.)
(quar.)
Valcar
(quar.)
Enterprises
Sciver
5%
1
J.
B
5%
A
(quar.).—
notification
of
pfd.
Warren
Class
B
Co.,
C
(quar.)
5-
2
1
7-15
$2
4-15
3-31
35c
4-19
4-9
$4.5p preferred
'
$5
preferred
4-15
preferred
t$1.75
used
for
■
per
.V
4%%
17%c
Co.,
-
,
••
1
series
Breweries,
Ltd.
Pacific
RR.
5%
5%
preferred
Co,
(quar.)
preferred
A
&
5iy4c
4-15
$40c
4-16
4-15
4-15
3-15
75c
-0-16
$1.25
—
11-15
1
4-22
(Mass.)
4-20
3-31
(irreg.),
(Alan)
Steel
4-15
4-1
3-31
*
$10c
——
Common
5-
1
5-16
5-
2
4-15
7-1
6- 1
$40c
4-10
3-25
25c
5-2
is
company
Co.,
pre¬
mort¬
Utilities
Co.
(parent), for the pay¬
from the parent and
borrowings
purposes,
—
SEC
authorization
owneel
to
Earnings
The
(no
Nilets
:
<
used
to
short-term
r
sell
169,
p.
finance,
advances
Machine
per
3,750
qpnvertibje
convertible
common
shares
1948
'
the
This
the
$5,895,255
6%
$7.78
1947,
were
preferred stock issued and out¬
acquired at par value during the year
the
action
annual
to
meeting
550,000
137,500 shares
to
apprpvgl
shares
of
no
of
par
change
a
common
in
the
stock, $1
par,
common.
Power
Corp.
and
from
gas
areas
to
Texas
pipeline
the
split
preferred
Facilities
6-20
1
7-20
field
6-15
5-31
4-18
4-
4-30
4-20
7-20
U.
not
—$31
closed
for
this
miles
4-15
5-
1
4-15
5-
1
4-15
East
Funds, less 15% Canadian
non-residents' tax.
Canadian funds, tax deductible
at the source.
Non¬
resident tax ,15%; resident tax
7%.
income tax.
line
Middletown,
in
from
and
Corp.
of Newark,
throughout each
day
a
during
the
of
Commission
attempt to justify
even
dissenting
by
considerations
majority's
(of
natural
render.
f Analysis
of
picture
the
to
reopen
further
the
is
Ten*
showing,
different conclusion
test imony
of
its
Commissioner
which
adequate
Texas
made.
the
for
a
the
opinion,
contended
and
showing
reserves
to
supply side
(Docket G-862)
case
Gas
the
accept
propose
the
the
Texas
he
considers
reserves
by
own
O'ds
set
important
natural
gas
'
-•
Transmission
requirements
that
the
dissent,
regulate
to
interest,
natural-gas
stated
to
impose
on
that
in
the
security
certificate
including
company
"while
regulate
in
the question of the Commiss-'ou's author¬
cases
particularly,
respect
to"
Cas
as
."
exercised
The
this
in
give
us
ps
not
Commix don, .Commis¬
authority by at taking
certificate
a
Olds
authorize'
does
does
it
conditions in
the
public
by the legislative history,
shown
..
Act
sucji,
reasonable
as
financing.
bidding to
Transmission Co.'""""1,..'. ■
Gas
nessee
finaricipg. Commissioner
Natural
issues
Chairman
Nelson
Lee
Smith
filed
granted
; !
'
to
Ten¬
;
a
separate concurring statement
dealing with the Commission^
authority, over the financing of pipeline
projects.
Emphasizing that, he has "consistently
advpeaied the *equirement of competitive
bidding on bond issues where
Justified1 under
the
applicable
statutes
and
surrounding c'rcumstances.'' Chairman
Smith
; stated
for
the
security
theee
Texas
that the
assumption
the
bonds
be
was
issues
the-requirement
Texas Gas
to
to
or
increase
"any
legislative
its
of
"
a
L,
Draper
and
STATEMENTS
OF
INCOME
Natural
Act
.
.
.
CALENDAR
revenues
did
YEARS
1947
484.898
:200,IS7
1,193.785
950.739
expenscs__-*lu>hh^
521.23.3
and
323.410
786.805
_!
amortization
taxes.'
operating
v
4,496,896
Maintenance
income
not
;
.i.
»
$9,529,399
Gas purchased for
resale^,—
Other operation
Depreciation
oners
over, the.
Buchanan
1.948
Operating
added',
corripre-.
'
companies.
FOR
He
Commies
given
Gas
Thomas C.
participate in the Commission's action.
justify,
bidding hi
requirement that
equity financing"
interstate matural-gas
Claude
natural-
to
competitive
support
prepar-ed to-join with the
other
that the' Commission be
under The
warrant
"over
Congress
jurisdiction
of
find
necessary
of
to
financial
to
comprehensive jurisd'efcion
finance which would be
forced
recommending
hensive
unable
the
circumstances,
of
Eastern
hewever, that he
in
was
of
issues and
736.079
735.700
income.
712 174
■499,732
taxes
354,963
$1,295 248"
Total other income
$1,207,366
Gross
Total
135,911:
income
interest
*
.
46,722
.
$1,431,159
$1,?54,118
Cr 19,914
129.911
*$1,451,073
.$1.124 207
,
deductions
(net)
income
for
three
—_„h_.
net
income
months
Transmission
ended
companies
merged
of
as
March
31,
1948.
year
$1,451,073.
:
BALANCE
SHEET,
;
'
DEC.
31
1948
Eastern
Texas,
East
for
the
Gulf
Kentucky,
Ohio;
Texas
Madisonville
to
to
construction
from
Lisbon
110
the
Coast
Texas
*■
miles
Evansville;
and
Gas
build
Cash
North
Louisi¬
Indiana,
Ohio
of
by
Texas
in
20-lnch
field;
and
line
from
to
the
lateral
Total
723
(if approved).
and
these
Lisbon,
La.;
facilities
and
has
additional
been
not
to
more
make
was
Texas
than
Gas
at
to
cubic
Texas
feet
by
the
200.000.-000
available
tion. 235,000.000
ordered
in
Indiana
with
estimated
miles
of
Texas
facilities.
feet
a
day
a
at
plus
connection
day.
Texas
in
Gas
tbiriMiddletown,
amounts
any
during ,.thc, .first two
v"
make
loop
is
line
Eastern
"
natural
a
volume
was
Ohio,
not
Accounts
years
178.223
"324:548
1.380 475
trustee."
.-681,419
1 r,670 000
receivable
1.316 283
Materials and
supplies, at average cost^^
Gas in underground
-storage, at cost__'____i____
Deferred
'1:135 414
437.429
344,286
1
107.092 '
Prepayments
79.475
14.498
charges
9:805
'
492.213
110,427
Total
$98,931,938 $25,381,622
LIABILITIES—
at
.
stock jpar 85)
Paid-in' surplus'
Earned
First
of
ordered
mtge.-pipe
line
.$11.05»,05«
$« 326 915
5.591.5,0.7
1948___
bonds,-3%
234%
conv.,det)s. due
series
.
2.674,066
'.280,364
..
due
00,000.000
1967
(converted
Notes payable
to
banks,
Notes payable
to
1648>
'
2 0'6 0.00
banks_^_I__I-„—
non-current
i
poi;tion^_„,
•
ft 291
_h_—___________
Property and
other
Accrued
bond
Reserves
for
tAxes__.
interest
,h_
depreciation
and
1,950 OOi)
mo ebo
1.140,1X4
J4
!
amortization:-^-."
•
•7,17,090
805.779
income taxes accruedr__^__
connec¬
delivered
______
31.
1968
Federal
gas
-—
'
surplus^since March
.841.213
"
334.,7iq
*272^377
726 000-
19.33 7.448
'9,657,^51
to
of operation
r
Totil
_k_
-
,
43.3°0.000 :
an
cost
facilities.
compressor
Commission -to
Lisbon, La.,
Eastern
Louisville Gas And Electric Co.
of the
the
cubic
10710.163
_i_
•
deposit with
Accounts payable
Texas Eastern
to
36
estimated by
$24,052,000.
available
:
on
Common
"Texas;
of
costs
etc,* at cost._.
point
a
,
Castor
cost
construction
Carthage
stations
compressor
horsepower.
include
Louisiana
32-mile
a
10
Gas
a
between
new
preliminary
pipe line-^____.
Cash
to
proposed
by Texas Eastern and authorized by the
.includes 177 miles
of
26-inch
line
extending eastward
point of connection with the Texas Gas
facilities near Middletown, Ohio; a 100-mile extension of the
Little Big Inch line in Texas;33
miles of loop line near
Beaumont,
from
for
1947
$24,245,637 $22,719,218
and
on deposit with
trustee_r__z-u.
Investments in .other companies,
transporting
Corp.
of
purpose
Tennessee,
field
gas
Lisbon
installed capacity of 68.800
pipe
•
authorized
Transmission
for
Texas
in
Steel
Cash
30
1948,
date, $570,709: net incorte qf"Texas Gas
for-nine-months ended" Dec.
31, 1943, $880,364;
Corp.
income for
of
that
ASSETS—
Commission
in
Jamaica
authorized
26-inch
$73,500,000.
Total
dividend.
§One share of Madison Gas
& Electric for
each 25 held
Lass British income Aax.
led
by
basis
adequate
they
the-showing of
be
Construction
8.
a
of
initial
4
7-30
(quar.)
Light
of
will
„
March
facilities
companies
gas
'
.
Commission
Pennsylvania.
8-
37 %c
•Tnuisfer books
the
was
Federal
natural
near
l
to
his
net
taken in order to
permit a four-for-one
outstanding 111,970 shares.
The distribution
stockholders of record April 15.—V.
169, p. 1492.
interconnected
new
1
.5-
the
"Combined
at
capitalization
present
Transmission
7-
$50c
*37 %c
feet
cannot
shown
that
supported
his
"I
which
Co.
the
■r-
jurisdiction
Net
Facilities—A.nnual Report—
4-20
(quar
(increased)
1—
Cleveland,
$3.81
;
cumulative
Texas Gas Transmission
Corp.—To Build New Pipeline
5-20
((juar.)37%c
(quar.)
was
basis
370.658
..presently
made
1
preferred
com.
6% preferred
ity
■
Net
1947
$10,088,951
—
share—
of
stockholders
frcm
6-
preferred
—
have
only
which
In
with
Property and other
4-for-l Stock Split Voted—
authorized
5-2
25c
(quar.)
not
not
detail
some
meet
security
,1342.
871.252
—
1948.-
and
10c
Yfttes-American
feet, ordered
of
bidding, but declined to'impos?
facilities
on
.stated,
service
that
was
convinced
respect
and
to its parent',-
part
be
to
after taxes;
standing at Dec. 31,
25c
,
he
Texas Eastern's
connection
in
issue
jointly by (he Tckus Co. and Empire Gas &
subsidiary of Cit.es Service Co.—V. 133,
——
Net .earnings
25c
„
that
gas
1'
>.
wholly^owned
a
Calendar Years—
Sales
ana
Yellow Cab Co.—
xLess 30%
30-year first
a
Texas Engineering & Mfg.
Co.—Earnings—
4-20
-
than
case
in
Federal
25c
(moqthly),
tPayable in
Texas
corporate
received
1140.
p.
50c
Ltd.
As
company.
of
—
Common (monthly)____
Common (monthly)
tPaywble
Fuel
4-20.
5%
i.,,
cubic
Gas plant
.4-30
(stock dividend),—
Co.
•
$1.50
tmonthly)—
Wyson*. &
request
from the John Hancock Mutual Life Insurance Co.
The
loan is payable at the rate of
$1,000,000 annually over
15 years and carries an
average interest rate of 3.056%.
The
Combing Corp. of Canada, Ltd
Wrigley (Wm.), Jr., Company—
Special":
the
to
Texas-Empire Pipe Line Co.—Borrows $15,000,000 Pri¬
vately—The company on April 1 borrowed
$15,000,000
1
4-15
Wool
Common
4-
25c
Co!—
(extra)
com.
4-15
25c
Wisconsin Electric Power Co.—
6% preferred
(quar.)
;
at
short-term
other
has
company
The
15C
pipeline
applicants
shows
Commissioners
6-16
2
(quar.)—,—1——$1.25
C.), Ltd,
1
5-
Corp,"
Chocolate
preferred
Wilson iJ.
2-
cubic
Manufacturers
3-24
$1
__
Company
Wilbur-Suchard
J.1- >1
7-
;
Inc.____
Qil
of
$8,000,000
13
Ry.—
(quar.)
(Wm.)
4-11
2
$1.25
Erie
proposal
covers
April
by the parent, and for other corporate
purposes.—V.
8-1
2-15-50
50c
20c
River
5-
$1.25
common
Corp.
Whitman
5-16
$1.25
(quar.),—
2
8-15
$1.25
—
Stationery,
Lake
"
5-
6,000,000
sioner-Olds added, has
recently
requirement of competitive'
Financing—
on
repay
3-15
(quar.)„
in
Gas
and
-
.
until
2,000,000 additional shares of its common stock
Utilities -Go. for
$4,000*000, the proceeds
part, its 1949 construction program, to
3-31
$50c
Ohio
and
Eastern '
National Gus and Co., 2.500,000;
authorized
place,"
witnesses."
conditions
950.
p.
3-28
——,
(quar.)
4% prior lien
Whitehall Fund.
3-21
(quar.)
Western Tyblet &
preferred
3-21
4-15
(quar.)
common
(quar.)
A
4-15
$1.05
(quar.),———
Ltd., class A
preferred
(quar.),—
preferred A
preferred A
Wichita
4-18
$35c
(initial)
Grocers,
Whiting
5-16
$1.12%
(quar.)_—,_
C
169,
competitive bidding. Proceeds would
the $4,000,000 proceeds of the sale of
2,000,009
of
and
below.)—V.
persons
financing
proposal
stock" to
common
$5,100,000
Corp.
To Sell 2,000,000 Shares of Stock to
Parent—
The
(quar.)
preierred
Wheeling
4-15
4-18
$1.75
—
preferred series B
Western
Western
1
5-16
-
the
be
Commenting specifically
new
Co.—Hearing
interested
bond
the
construction
The
Power Co.—
Western
$1.40
5-
$1.50
.—
(quar.)
preferred
4.20%
4,10%
8-11
-
(quar.),—
-Expansion to Begin
in
4- 2
.....
Columbus
these-
to
Texas
Corp. and Texas Gas Transmission
of public convenience and
necessity.
I
Commission shpuld require more
equitv cap'tal
in the case of the former
and competitive bidding in
connection with
the issuance of bonds
by the latter.
The flaunting of the
Commis¬
sion's authority in the matter
of Texas Gas,
through private fale of
its bonds after the
Commission had defined competitive
bidding as
an
issue in the case, would
provide pipeline compan.es with an
easy
mode of evasion in future
cases.".;
r
•
.-'
expansion,—
Texas
6-15
1
8-16.1
-
ior
3-31
4-15
of
not
first
a
Service
together with
of
of
4-25
'•
50c
(s-a),
4-25
1
7-
'
7% preferred (quar.)—
West Penn
$1.25
——,
the
upon
used,
4-15
5-10
(quar.)
(quar.)
be
ment
4-15
5-10
also
am
be
corporation's
Transmission
given
reported,
shares
3-31
2
$1.06V4
,
Wellington Fire Insurance Co.
West Michigan Steel
Foundry,
preferred
2
5-
$20c
Weeden & Company,
4% convertible preferred
6%
5-
4-15
$1.12%
s,
Gas
1
37'/2c
—
hearing
1
4-
25c
(quar.)
Ltd.
Weatherhead Company,
Electric
4-
4-15
62V2c
(quar.)
Waterous,
prior
4-15
SEC .has
viously
5-10
6c
common
the
on
gage bonds to be offered for sale
3-31
5-20
Texas
see
The
3-31
4-21
20c
__J
4-21
25c
(irreg.)
(quar.)
$4.25
$1*
$4.50
(increased)—
work
Texas Electric
4-15
8-
.
Benn
3-31
37%c
—
Company
(quar.)
Washington Gas Light Co.,
7%
1
4-30
only
Pennsylvania
the
year.
Gas Transmission
Corp.
the
at $8.50
4-15
'
—,
preferred
12-
5-2
25c
Corp...
class
Warner
12-10
37'/2C
common
Inventing
Bros.
1
details
(quar.)
(annual)
Company,
9-
50c
(quar.)
preferred
1
1
9-10
to
to
up
each
Eastern
with
expansion program,
designed to increase the capacity of its natural
gas pipe line system
to 740 million cubic ieet a
day, will begin immediately, R. H. Har¬
grove,
President, reported on March 31.
His announcement followed
receipt of the Federal Power Commission s order
granting a certificate
01' public convenience and
necessity for the new project.
(For further
I
4-
6-
not
in
...
Construction
Cuba—
—
&
4-
4-15
6-10
$1.25
——
of
—
Vulcan Corp., $4.50 pfd.
(accum.),
Vulcan Detinning Co., 7% preferred
(quar.),
Wabash Railioad Co., common-ri
ai—1
Street
4-15
$1.25
(quar.)
of
support" the
this
in
Immediately—
3-30
J
$1.25
——
41/2 %
6
26c
pfd.
Quarterly
Virginia Iron Coal & Coke 4%
Virginian Railway Co.—
6%
preferred
(quar.)
Walker
4-
6-20
the
The
"In
the second place,""
Commissioner Olds continued.
";I strongly
disagree with the conclusion, of the
majority that the financing plans
of
Texas
to be offered
Texas Eastern Transmission
Corp.-
9-20
12-22
$1.25
(quar.)
Vertientes-Camaguey Sugar Co.
preferred
1
1
25c
pfd.
Vapor Heating Corp., 5%
5% preferred (quar.)
5% preferred (quar.)
9%
710-
1-3-50
62%c
(resumed),
B.),
preferred
62%c
62'/2c
—
of
Co.
,
■■"v-ri'-v
■
sell
from
deliveries
East
cf
sales
Heat
to
that
better
forth
-
letter
a
addition
evidence
expert
Knitting
preferred
make available
companies.
capital stock,
Proceeds will
par)
daily
Eastern:
Gas,Co
.
689,264
33,361
1119. *
p.
to
should
to
little
Tennessee Odin Insurance Co.—Files With SEC—
Corp.,
Transit
from
Fuel
to sell its bonds at
competitive
condition in its authorization.
the
the
in
"*
to
deliveries
and
lengthy dissenting opinion, Commissioner Leland
Olds
nessee
4-14
pfd.,—
for
maximum
Texas
construction
gas)
*91,722
"
,
758,394
140,638 ;
of
financing of the proposed /projects, the Commission
proposal of Halsey, Stuart &
Co. Inc. that Texas Gas b?
conclusion
*15,568
-
Eastern
companies—four
asked
make
to
L ght
■"
by
period
Eastern
1946
27,513
'
"
-
feet:
three companies—East Ohio Gas"
Texas
other
had
the
are
regard
a
This
30).
3-31
Steel, Ltd.,
1—
live
to
Manufacturers
'
Ohio
in
the
a
$2,000,000
March
1947
79,784.
from* railway—
and
firm
and
year
summer
$337,222
$380,045
cubic
Corporal.on
....
Harrisburgh Gas Co. 3,000,000. Texas Eastern
Ohio, 4,000.000 cubic feet a day on a
2565.
p.
operation,
1948
••
distributing
in
Ky.;
Pittsburgh, both members'of the Columbia Gas
System,
Inc., 100,000,000; The Philadelphia Gas Works
Co.
18.000.000; Con¬
sumers Gas Co. of
Reading, Pa., 2,000,000; Allentown-Bethlebem Gas
Co., 2,500,000, arid
Harrisburgh Gas Co., 3,000.000. Texas Eastern was
Ry.—Earnings—
1949
oper.
From Jan.
1
to
,
made
ordered
this
railway:,.-—,
railway
from
ry,
Net
(quar.)
1st
be
such
(reaching $2,001,790.66
to
amounts
proposed
„
been
record
Co.
and Hrat Co. ,pf
Wagenscller
used
to
buy
are
be
Middletown only
however, ordered
110,000,000;
Fund, Inc.—Has Over $2,000,000 Net Asset
from
Net
5-16
pfd.
non-cum.
preferred
Zellers,
to
2139.
p.
render service
daily
Paducah.
.
Texas- Eastern
Gas
also
Following
the
shares
at
Ohio—which
With
net asset
Net
8-31*
'
6-10
8%
preferred
Wood
will
(Mich.)—300%
has
February—
6-15
6-20
9-20
75c
—
(quar.)
3-28
.,
$2
Co.,
5%
5%
167,
with
20,000
preferred.
Proceeds
Co.
Co.
to holders of
announced
in
Gross
5%
5%
of
and
4-20
1
4-
5%
5%
11
Tennessee Central
4-20
Universal
West
notification
of
preferred
'
was
2
United
Wall
B
having started public sale of its shares Sept. 8, 1949.—V. 169, p.. 209.
Smelting, Relining & Mining Cc.—
Utica
5%
mark
4-12
United Stores
6%
4-15
5-
United
6%
2,
is
It
75c
United
$5
4-15
5-
Common
70c
Co.—V.
distribution
Television
4-15
2
75c
Corp., 6%
Rubber
7%
Gas
&
Products
Value—
2
25c
Radiator
United
letter
a
series
"In
(resumed)
.
Lester
stock
payable April
5-
$2.50
J.),\4%% pfd. <s-a)—
Foundry Co. (quar.)_——
common
and
Liquid
300%
5-
$1.75
(N.
Corp.,
Inc.,
but
in
also ordered
A
3-10
4-15
Fuel
three,
3-10
4-15
20c
__———
Van
Durst,
Antelope
-
4-12
50c
partic.
filed
31
par)
Underwriters
4-12
——
—
Glass
company 011 March
for 4,000 shares ($25
4-15
15c
(quar.).,
Jersey RR. & Canal Co.
S.
„
8
87%c
A
preferred
prior
8.
U 8
The
($1
Tecumseh
Conditioning, $7 pfd. (quar.)—•—_,
Fidelity & Guarantee Co. (Bait.)—
8.
of
Ohio
Commission,
4-11
(quar.)—
U.
U.
amount
up
Co.,
sell
of
eqtfal
an
and
proceeds
application
facilities.
62'/2C
*
Co.
U.
S
the
its
picked
Inc., Ontario, Calif.—Files—
4-30
(quar.)
Quarterly.
U
of
issue
to
1492.
p.
5-16
1
Light &
S.
maturity
169,
In
banks,
par) common—issuable upon conversion
ferred will be offered at $25 per share.
Air
S
outstanding notes.—V.
4-30
prior preierred
United
the
meet
5-16
(resumed)
Caiiiornia
United National Corp, -non-cum.
U
to
authorization
commerc.al
$1.12%
(quar.)
Fruit
6.36%
used
Suburban Gas Service,
SEC
Railways Co,—
(monthly)—,—50c
(monthly)—.
53c
7% prior preferred (monthly)
—58%c
6%
be
SEC
three
4"
Extra
United
to
4-30
$1
United
would
received
notes
4"15
preference (quar.)_,
Drill
Class
has
2%
92V2C
(quar.)
for
Tenn..
gas
one
Cigar-Whelan Stores Corp.—
United
of
presently
'
—
preferred
Union
United
corporation
to
maximum
2,500.000
,
The
5-16
Missouri—
(quar.),———(quar.)
Co..
3.000.000; Madison, find.)
Utilities Corp., 800,000;:
Lawrenceburg (Ind.i Gas Co., 2,000,000; Tennessee Gas Co. for
Union
City, Tenn., 1,000,000; and Louisville Gas &
Electric Co.,
20,000,000
during the first year of operation,
39,000,000 in tne second year and.
Staten Island Edison Corp.—Note Issue—
81VzC
*.«.
Union
2
ordered
was
the-following
Utilities
Dyersburg,
Lamp
80c
to
up
40,000,000 thereafter.
4-
25c
(quar.)
addition, Texas Gas
utilities
(Continued from page 12)
5-18
4-16
(quar.).--
-
Co.,
3-28
1
25c
—«.
Tobacco
'
25c
Co-
Quarterly
Tung-Sol
6-
Monday, April 11, 1949
Kentucky
Investment News
31 (4c
(quar.)
Insurance
Quarterly
Tuckett
4-11
$1.06V*
(quar.)
Corporation and
4-11
(quar.)
Mills
CHRONICLE
In
General
Payable of Rec.
$1.50
—-
& »FINANCIAL
-
Holder*
$1.75
$6
Thomaston
When
COMMERCIAL
-V.
169,
p.
539.
$98,931,933 $25,334,622
I
Volume
169
THE
Number 4793
Texas & Pacific Ry.—Results from Operation—
Period End. Feb. 28—
Operating
revenues
Operating
expenses—
$5,155,106
4,384,765
-8,586,107-
Ry.
fr.
rev.
should
$1,042,631
oper.
$1,551,063
$2,221,454
$3,056,937
644,127
669,400
1,224,220
accruals-
tax
stated
steel
that
demand
expected
period.
the
With
conditions
latter
are
supply
expected
the
at
net
funds
Jt.
rents,
fac.
Net
ry.
Other
299,620
4,844
$1,832,717
424,823
15,274
22,833
$507,393
$602,472
80,013
income
oper,
$1,552,054
215,965
Dr)
(net
$906,936
$738,632
74,921
income
BALANCE
613,374
'
$1,104,398
165,573
Total
income—
$587,406
$677,393
9,385
8,162
deductions
Fixed
D
(less
$R167,556
the
such
charges
233,202
227,232
467,408
$344,819
$441,999
$785,760
____
income —;
-V.
169,
1120
pp.
and
stock
455,260
$876,584
fund
of
the
aside
its 1948 annual statement,
and earnings. On July 17,
reports new record high sales
1949, it will celebrate the 50th
anniversary of its incorporation. C. B. Smythe, President,
the
$25,666,0©8
total.
1947
ber
of
1948
year
betore.
year
Sales of
.
$34,105,585—32.7%
were
.
Our
.
replacement
exports
well
were
with
ahead
the
of
of
ahead of
Net
income
$6.61
the
lor
with
year
$2,235,199
the
which
the
the
from
per
the
against
in
$4.84
(adjusted
1947
151,982
for
equal
the
8.9c
to
five
1948 of outstanding $5 par "value common shares
455,946, through a 3-for-l split-upi. Net income was
to
During
the
sales
dollar,
compared
with
9.4c
for
average
dividends
totaling
per
In
1948
the
1,250
reared,
Dec.
increase
of
Current
1948
$5.35
to
liabilities
receivable
outstanding.
balance
of
the
from
The
to
to
was
capital
$17.06
$9,200,000
report
during
shares
Working
stock
indicated
preferred
issue
this
of
eomraon
1947.
31,
per
increased
$11,600,000,
that
during
the
first
quarter
1949
for
of
be
.
duced.
will
subject
stock
fall
below
prevailing
satisfactory
a
business
CONSOLIDATED
INCOME
ACCOUNT
1948
sales
but this
the
*
_________
is,
as
FOR
CALENDAR
1947
13,560
for
to
convertible
($1
present
into
to
are
to
be
office
further
modernization
the
for
of
repayment
other
in
this
for
basis
connection
The
SEC
company
'-9 >' V.'
Straus
Los
&
Angeles,
be
is
at
$2.25
filed
stock
at
the
also
profitable
under
are
the
Co.,
with
is
Cost
income
of
—
33,813
9,054
products
excess
2,261.600
1,782,277
1,353,277
1,907,000
1,515,000
602,000
profits taxes
distribution
A
1,491,693
stockholders of
316,000
1,119,000
___
profit
Above
$3,036,331
includes prov.
follows:
as
divs.
Common
"Earns.
"To
per
reflect
222,616
29,549
33,549
569,933
531,937
$6.61
.
$4.84
share
3-for-l
split-up of
in
$1.15
April
DEC.
^;v
accounts
receivable—
E.
at
1947
Power
1,753,490
17,000
deposits
"Land, buildings, machinery and equipment—
Advertls'ng and office supplies—
15,007
2,338.815
1,933,392
52,846
48,841
31,324
29,991
Miscellaneous
_
Prepaid insurance and other items
Total
:
local
Federal
withheld
stock
9,118
surplus
Earned
in
tAfter
Third
The
U.
2,279,730
statement
6%
shares of
petition
by
Southern
The
Transit
of
of
in
1948
and
$2,734,009
1945.
Corp.—Bankruptcy Hearings—
Appeals on April
the
denied
the
petition.
The
involuntary
7
denied
the
reorganization
the
in
group
a
bondholders'
decision
the
Federal
of
motion
Federal
in
was
the
to
Judge
company's
Court
for
dismiss
Edward
the
A.
dismiss the
com¬
Conger,'
reorgani¬
•"""'O,,
;
petition
Kaufman
scheduled
District
to
Court
registered
Norris
Sell
Ely,
filed
heard
by
April
9.—V.
Bank
•
of
made
'
.
income
8,035,512
—
.
Federal
169,
1947
8,381,481
636,767
659,119
$2,892,585
$2,800,557
37,332
:
33,301
expenses—
.
—
1
_—
Total
$2,929,917
—
disposal of depreciable assets.——
before Federal
for
Federal
income
taxes
taxes
on
$2,833,858
18,771
and
On
on
$2,911,146
$2,833,858
(est.)—
1,110,000
1,145,000
income
On
common
—
paid in
_
stock.—
of property, plant
Earnings per common share—
$1,801,146
$1,688,858
cash:
preferred stock.,
Depreciation
'
31
$4,235,928
!
1947
$3,495,874
,
-
1946
$3,088,438
157,292
depreciation_____2____
271,484
241,177
227,929
382,876
307,634
291,160
Income
income
taxes______________
•
587,328
taxes
taxes
290,411.
'"
342,347
335,290
337,225
1
373^559
52,778
30,000
26,400
535,870
341,583
284,624
$855,705
$664,026
$759,424
$664,026
$759,439
i
Operating
Other
&
income
c_,
1
income
Gross
Co.,
2,228
Total
is
income
1
75
$857,934
—
deductions—
income
130,743
114,997
126,048
S 727,191
$549,029
$633,450
the
to
Net
of
income
39,167
Common dividends
V.
168,
•_
______
223,400
254.000
367,500
1273.
p.
Chemical
Corp.—New Director
&
V.-P.—
April
on
Joseph D.
?
^
&
to
5
wre
Dec.
formerly U.
4.600 000
shares
_
76,974
83,047
790.359
773,122
equipment
179,228
151,461
_____—_—_
$5.10
54.75
_
and
the
P.
out¬
Revenue
and
former
member
Senate.
been
has
resigned.—V.
elected
169,
Vice-President
to
succeed
L.
A.
1014,
p.
and
Cantor
is
State
Wheeler
Schomp, Jr.,
beneficial holders.
distribution activities through
Commissioner of Internal
S.
York
New
John
of
distribution).,
with
Nunan, Jr., a member of the law firm of Tolbert, Nunan
New. York City, has been elected a_ Directorate fill the.
created by the death of John R. Dillon.
Mr, Nnuan waa
Bongard,
vacancy
""id
1.2 cents;
and
President
John
of
T.
J.
I,
Union Commerce Building, Cleveland, O.—Offered for
/;Sale— '
Fitzgerald
S.
This
Manage¬
registration
statement
with
the
SEC
'
^
,':
building, the largest in Cleveland, Ohio, 21 stories in
be sold to the highest bidder, submitting an offer of $13,more at a public sale to be held on the property on Juno
:
'
"
or
1949.
is
It
;r':r.
"/'N.1:-'' 'v;
office
height, will
Liffht
169,
705.
p.
.
stated
it
that
has
been
a
.
profitably
operated
,
( its1 completion
in
1924.
:
•
'
:
\
property
sincp
'
•
United Biscuit Co. of America—To Create Pfd. Stock-rstockholders on May 18 will consider amending the certificate
incorporation to provide for the authorization of 110,000 shares of
preferred stock.—V. 168, p. 1946.
Poweri Co.—Common
&
(par $10)
r':V
issue of 66,000
new
a
The
of
was
United Corp.
The
first
is
sale
bonds.
mortgage
be
to
$1,228,007
Southern
Bank
Arizona
A',
Trust
Co..
T 'cso^;
AND
BUSINFB®—Company
Ariz.,
plic.
generating
of
center
kw.
11.500
boilers
El
station
Tucson,
rne
in
to
meet
IV-z
aporoximately
which
expects
it
to
the
miles
instal
turbo-generator,
with
these
for
together
be
fired
with
Paso
periods
when
will
units
Natural
and
Co.
Gas
are
of
kwf.
12,500
1949 and
During
chiefly
1948
increasing
stock
service
In
vea'\
$1,500,000 5%
together
sale,
is
gas
Is
also
northwest
one
natural
available
not
for
expected to be in operation
unit in the fall of 1949.
for
June.
electric
Power
1"48,
the
retained
depreciation,
penditures made during
fuel
in
such purpose.
the summer
1948.
'
rr
$19,184
"$537,370
•
1948, total income reflected an unusual
receipt of $424,629 frcm Niagara Hudson
cleared
balance available for common stock of
indicated
"The
a
$210,303 for
the
of 1949 represents a substantial increase in the company's
earnings.
ouarterly
increase
dividend
Service
of
40
Electric &
in
income
regular
cents
Gas
per
in
Co.
share
the
on
1949
is
due
principally
to
a
the common stock of
quarter, compared with
cents per share, received in the 1943
stock of the former Public Service Co>rp. of
increase of $77,116' for 1949 over 1948.
company's larger holdings of common stocks of The Cincinnati
Electric Co. and The Columbia Gas System, Inc., resulting from
quarterly dividend of only 35
quarter
"The
the
on
Jersey,
&
the
or
common
an
purchase of additional stock of these companies in 1948 through the
of rights,
have also contributed $30,195 to the increase in
exercise
regular
.
income for
before
"Hearings
reorganization
is estimated to reauire
In order to provide
funds for
of permanent financ¬
ing, the company has arranged a credit of $3,000,000 w'th the Irving
Trust
Co.
pursuant
to
which
it
has borrowed
$1,500,000 on
its
unsecured promissory
notes.
By an agreement dated April 5, 1949,
company has agreed to sell to ari institutional investor on the terms
and conditions therein stated, $3,500,000 firsi mortgage bonds, 3'/b%
series due 1979.- Such sale is to be consummated on April 12, 194ft.
nt.bpr date as may be agreed upon between the company and
the purchaser.
of
$81,098
2nd
approximately $5,300,000.
such expenditures pendipg completion
expenditures
of
the
of
.
Gas
to
"
as
were
first quarter
Public
and
$210,303
quarter
result
a
its
of
regular
oil
'
dividend.
first
as
cordingly, the
obtained
use
the net proceeds of this
moneys provided from
finance the construction ex¬
earnings
used
r.:
partial payment of the dividend arrears on the 48,529
preferred stock owned by United.
The remaining
in
May,
1948.
Since then,
United has been
receiving the regular quarterly dividends on that stock in the amount
of $60,661,"
the statement said.
"As the last line of the above table shows, the balance available for
common
stock in the first quarter of 1948 would have been $81,098
without the receipt of the Niagara Hudson dividends in arrears.
Ac¬
and 4,327 gas customers added during
company sold to institutional investors
were
$480,477
y
;.
non¬
(he comnany's construction program
1949
"$537,370
f'
,
\
arrears
New
net
$19,184
$210,303
399,379
exclud.
Corp.
shares
the
cumulative preferred stock, and
with
911,024
com.
the
"In
and
approximately $2,677,000 was expended for construction,
with necessary extensions and installations to
6,049
852,142
in
for
recurring
equipment.
gas
to
of
kw.
12.500
auxiliary
designed
11,500 kw.
to
852,142
*___
incl.
avail,
stock
de¬
connection
in
furnish
natural
unit,
the
852,142
for
"Loss.
is
companv
$373,654
income
net
Bal.
service due to the
gas
the
$871,326
was
order
PROGRAM—In
25.978
$1,332,619
div., less ap-
taxes,
increase
and
served,
area
86,233
54,674
require.
available
Nonrecurr.
therefo.
electric
for
99,199
y
96,675
on
The Vallev National
Registrars:
York.
New
$485,865
$1,062,445
div.
stock
92,913
•
j-
1946
$1,025,199
88,371
income
Net
Pref.
taxes
1947
$1,522,207
-77,191
other
and
Income
1948,
1949
Income
Expenses
3Vs%
consummated
(Del.)—Earnings for First Quarter—
3 Mos. End. Mar. 31—
Total
Phoenix, Tucson, Ariz., and Irving Trust Co., New York, N. Y:
the
For
income-——
—;
Dividends declared
1948
DEC.
•
rapid growth of Tucson
engaged in a construct'on propram
involving a substantial expansion of its facilities for the gen¬
eration and distribution of electricity apd the distribution of natural
pas.
As part of this program,
the company is establishing a new
the
Net
ENDED
256,033
Balance
CONSTRUCTION
mand"-
accruals
Provision
5,000
YEARS
246,563
the
shares
dividends
its capital stock.—V,
$3,500,000
1079.
adjacent
area
allow., disc. & freight $11,564,864 $11,841,157
administrative and general
Income
Co.
534,553
organized in Colorado
Jan. 25. 1902. and is qualified as a foreign corporation to do business
in the State of Arizona.
Companv is a public utility operating company
enlaced
principally in the veneration, purchase,
transmission, dis¬
tribution and rale o? eltrtricity and in the purchase, distribution and
sale of natural gas In Tucson, Ariz., and
its environs and the rural
t*»»
Loss on
&
634,709
Other
$3,500,000 Bonds Privately—By an agreement
HISTORV
The
1948
products sold
income
*;•'
5,000
393,536
common
curing
Years—
Operating
Other
'
5;000
"
Co.__
Beck
purchased for
14,
a
stock
vork Trust Co.,
New
The
sa:2S, less returns,
Selling,
25,500
Co.-
&
&
1
25,500
390,104
■
of
the
arc
476,562
April 5, company has agreed to sell to an institu¬
electric
be
on
Thomas Steel Co.—Annual Report—
Gross
of
each
by
^
.__
"
State
corporation.
sponsor
common
Transfer alerts':
rnd
from
Cost
underwriters
underwritten
No. of Shares
Corp
Dahlberg
•Provision for
at
The- stock
two
Oct. 5,
gains
$3,200,000.
Gerald
B.
E.
Electric
Gas
investor
proceedings
District
1492.
Calender
stock.
General and administrative expenses
used
with
commission
vear.
cents;
capital
is
York.
has
due
and
company's motion to
'
reorganization
Samuel
of
stock
392,050
April 12, 1949.
5,459,058
$11,243,271
New York.
also
preferred
and distribution expenses
Maintenance and repairs__________
cumulative
Lester
into
was
Last
1.1
6,
Fond
Howard
series
791,969
$100,000 in both years.—V. 168, p.
bondholders'
appsal from
zation
of
reserve
last month denied
Judge
p.
depreciation of $2,991,509
stay
a
a
Court
pany's
who
for
Circuit Court
for
brought
cumulative
•
and
$0 3375
share
1949.
4,000
this
New
tional
759,910
V
______
$14,073,615
Avenue
S.
398,300
7,180,037
_
reserves
1947.
500,000
______
__________
To
1,609,789
500,000
273,300
surplus
"After
re¬
as
trustee.
investment banking grouo headed
dated
8,463
2,008,403
reserve•___
$5)
(par
Capital
Total
414,237
(est.)
for
Common
$1,291,545
482,868
therefrom—
contingencies
(surplus
preferred stock (par $100)
7%
$1,340,159
_____________
amts.
income
on
as
principal
shares
Production
made April 7 by
jointly by Blyth &
Co., Inc.. and The First. Boston Corp.. and including
Henrv Dabiberg & Co.. E. F. Hutton & Co. and Refsnes,
Elv. Beck & Co.
The stock Avas priced at $17 per share.
$11,243,271
taxes—
taxes
Reserve
the
Preferred dividends
Offered—Public offering of
shares of
an
'
,•
payable
commis.,. &
31.
one-cent
1,000,000 shares of
Tucson
Stock
10,124
$14,073,615
..LIABILITIES—
Accrued
of
to
resale__—______
Gas
enter¬
($2 par).
convertible
trust
per
March
some
and
compenv
covering
5,676,587
accounts
.of
issued
subject
company,, dated
$1,773,846
17,000
Wages,
the
be
may
amount,
the
of
of
operating revenues
purchased for resale________
000,000
2,037,380
Trade
15,000 shs.
360,000 sh$.
series
".;■■■■•
Inc.
Hutton
F.
;
.Total
Registers With SEC—
1948
—
of
reserve
$0,017
the funds
Corp.,
The
' 7,771.824
(less
names
number
INCOME'STATEMENT,
has recently
renewed its
distributing contract with Cantor, Fitzgerald and Co.. Inc..
directors
ment
1948.
$48,0051_——
___
Investments
Fund
of
by
Broadway,
are
31
$1,809,419
_______
tTrade
379.955
$1.88
SHEET
61
37,576
held
wholesale
a
196,802
*
379,955
-
stock
common
BALANCE
ASSETS—
Inventories
principal
indenture
15,000 shares
the
end
Blyth & Co.,
Henry
pay
way
(1969)—Dividend—,
1.3 cents;.July
(including
size
total
The
250,685
21,318
CONSOLIDATED
Cash
The
$562,661
v
-
•
275,976
paid
com.
-i
v
..
paid——
divs.
$891,417
of
rpcord
April 5.
cents
2.7
standing
of
property,
plant & equipment of
Preferred
$2,235,199
for
deprec.
^
1979
cumulative preferred
5%
as
stock
-
option of the holder.
Trusteed Industry Shares
27.
Net
the
_____
Sell., adm. & other exps.
Fed. taxes on inc. (est.)
Fed.
15,000 shs.
than
follows:
to
$34,119,145 $25,681,588 $14,092,710. $16,197,174
sold—
26,914,214
20,149,112
11,246,016
12,707,820
750,000
3,500,000
t50,000 shs.
aggregate
the
of
series
Unexcelled
Total
$3,500,000
0
1941, to Chase National Bank, New York,
Federal
underwriters.
a
*
"
Detroit,
principal
stock
in
FINANCING
Outstanding
500,000 shs.
other
to
as
The First Boston
■''/i'*:
stock
PRESENT
$3,500,000
par)
series
contained
initial
'
of the financing are to be used to build and equip a plant
hydrolyze gluten, estimated to cost $200,000 and to reolace working
capital used for certain capital additions.—V. 168, p. 1487.
1945
$16,188,120
($10
any
designated
as
includes
:
131,841
&
share,
of
'
be
TO
Authorized
series due 1966
UNDERWRITERS—The
169, p. 705.
registration
a
Carr
as
per
share
will
potentially
.'S, '
common
Chicago,
Each
funds
3%
limitation
common
Proceeds
1946
stock
the
restaurants
This
the
of
costs
to
part
EFFECT
($100 par)
cumul. preferred stock
com¬
during
borrowed
and
after
$1,010,766
company.
preferred stock
tAn
Detroit—Registers With SEC—
31
preference
named
are
offered
common
B
Blosser,
underwriters.
YEARS
March
on
class
the
negotiations
proposing the public offering of
convertible
The
companies.—V.
Chemical Co.,
of
money
outstanding.
other
exploratory
time with several
the
the
1979
of
pre¬
additional electric
at
1977
April l,
Building located at 14-17
making it suitable for oc¬
of
space.
into
for
pay
provide
of
series due
of
87,786
of
to
GIVING
series due
without
of
\vill
year
the -66,000 shares of common
of the company and are
of the funds required for the
3 Va %
strictions
SEC
Central
purpose
expending
-V
to
shares
15
used
program
of
be
may
as
basis
the
of
bonds,
5%
in
funds
bonds, 3Vo%
"Bonds
par),
holders
be
the sale
general
mtge.
Common
and
1950
for
mainly for
estimated
mtge.
earned
the
proceeds,
1st
Cumul.
types
the
C.v
expenditures
$1,350,000,
*
will
1949
to
earnings
such
loans.
of
con¬
'
■
and
of
securities
bank
that
further
subsequent
years
reserves
1st
stock
and
undertaken
of
borrowings
the
commercial
or
of
used
operations
the
and
and
purpose
Trenton
always,
$14,058,897
15,500
stock
one-for-one
a
restaurant
Boston,
i,
"i'--1;
$34,105,585 $25,666,088
income
Other
level,
on
be
will
financing
of
taxes
as
the
prises;
oper¬
conditions."
rata
pro
with
for
irrd-
not
provides
consummation
■
.
available'
does
certain
subject to
;
additional
net
1st mortgage bonds,
taxes
4% %
common
to
is
in
construction
the
but
the
upon
applied
facilities.
Rbisnes,
the
Square,
,
not
to
and
$19,103;
statement
preferred
offered
were
.
taxes
accrued,
$1,738,700;
registration
a
convertible
to
are
preferred
years,
the present
approximately 14% lower than in the same period last
year.
D'scussing the company's prospects, he said: "While the public
works
programs
promise to be helpful,
we
have planned
our
1949
production in anticipation of a lower sales volume than during the
past year.
Indications are that 1949 sales volume, though re¬
Net
of
preferred
locations,
cupancy
share.
while current
of
be
of
estate
Court
■■■> ;■ ...;y
indicated
filed
1
alterations in the upper floors of the
an
from
common
two
real
1949.
$20.75,
taxes
share),
stock.
various
$3,300,000 to $3,800,000.
Cash
and
accounts
$3,800,000—total assets increased from $11,200,000
totaled
share
past
value
par
local
per
and
,
shares not exchanged for the $6 cumulative preferred
offered on a pro rata basis to the other holders of
any
to
Proceeds
from
femythe
ations
$100
amounting
increased
$14,00,000.
Mr.
the
of
Dec.
over
went
shares
2,733
book value
$7,778,075,
assets
7%
the
of
retirement
31,
$5,879,889
to
leaving
probable
On
shares
shares
modernization
25c.
were
$100
conditioned
bonds
49
expected that
together with
other general
agreement
such
is
construction
of
sale
CAPITALIZATION
salaries,
accrued
be
and
complete
to
purcnase
from
part
stock
common
purchase
to
of expenses, from
be
added
to
the
will
construction
and
other
and
in
approximately
proposed
$1,727,249;
depreciation
additional
distribution
scock
will
bonds
such
sufficient
bond
stock
common
the
deduction
$447;
of
the
be
The
purchaser
obligation
PURPOSE—The
cumulative preferred
$6
mon
paid on the 455,943 shares of
share, including a year-end extra
were
$1.25
$53,232;
shares
cumulative
and
are
Each
1936-1940.
years
year,
stock
common
each
on
prewar
for
insurance
of
will
at
the time, or from
estimates, construction
aggregate
gas
stock at a price of $15 per share.
Any shares not thus exchanged or sold will be offered, on a pro
rata basis, to the holders of the company's common stock at
$15 per
share.
Any shares then remaining will be
offered for sale to the
public at not less than $15 per share.
No underwriting is involved.
1947.
share,
common
$6
stock,
increase in April,
the
replacement,
prepaid
$338,300'; capital surplus, $251,839;
total, $7,570,003.—V. 168. p. 2733.
April
120,000
32,214
shares,
$3,036,331, another record high, and
Earnings after preferred dividends
was
in
and
allowances
$2,926,812;
share),
per
company
covering
d stributors."
compares
were
parts grew
$11,100),
Thompson Industries, Inc.—Registers With SEC—
;
increasing num¬
Tliew-Lorains in operation, aided by the improved parts service
our
of
the
for
of
receivables,
payable, $383,692;
$134,997; accrued
payroll
value
(par
surplus, $4,650,135;
The
sales
(after
sundry
accounts
and commissions,
withheld from employees,
$1
accounts
total, $7,570,003.
wages
value
purchase
property
LIABILITIES—Trade
preferred stock
doubtful
$9,520;
years,
equipment
$2,149,197),
$21,236;
expenses,
(par
from
desirable
property not used in operations (less
depreciation of buildings), $11,259; officer's
shares under contract of sale, carried at
and held by it as collateral), $18,087; estimated
for
and
of
for
allowance
rebates for prior
plant
sary—May Retire Preferred Stock During 1949 — This
company, makers of Lorain power shovels and cranes, in
$315,220
and
common
company
set
(The) Thew Shovel Co., Lorain, Ohio—Reports Record
liability
for
(1,760
property,
Year of Sales and Earnings—To Celebrate 50th Anniver¬
tax
$962,093;
$1,241
amortization
"Net
(less
inventories,
contract
to
Federal
for
provided
receivable
renegotiation
1013.
in his letter to shareholders said:
Funds
be
sale
•
part
allowance
15,816
against
the
of
sale
1949.
purchaser's
liminary
$454,750;
$1,347,660
applied
bind
sale
the
ditions.
fund set aside for
property purchase and replacement),
other securities (quoted market price—$26,500), $9,300; trade
$147,984;
148,799
cost
Net
" ;
1948
of
company,
for
in
included
$1,198,861
$1,269,971
16,803
31,
DEC.
the
tocably
ASSETS—Cash, $l,281,206;United States Treasury notes—series C and
20,482
accounts
Miscei.
SHEET,
proceeds
of
from
prepayment of the promissory notes.
It is
of the net proceeds of sale of such bonds,
contemplated
rates
the
Railway oper. income
Equip, lentals (net Dr)
the
balance
the
in
although
proceeds
net
to
the
it
during that
demand,
competitive
balance of the year.
quarter,
in
balance
with
continue during the
to
The
part
He
reduct.on
general
a
normal
(1605)
re¬
first
the
earnings.
average
second
continue
for
earn.ngs
1948
indicate
of
part
will
operations
steel
with
conditions
present
in
that
expected
.that
consistent
be
M. Barber, President,
April 5, E.
on
shareholders
1949
also
9,117,747
303,999
ry.
meeting held
the
of
is
Net
annual
to
quarter
CHRONICLE
FINANCIAL
&
ported
$5,935,828 $10,807,561 $12,174,684
4,112,475
the
At
,
1949—2 Mos—1948
1949—Month—1948
COMMERCIAL
are
1949 over 1948.
the. Securities and
of the Niagara Hudson
Exchange Commission on the
System began on March 1 and
still in progress.
"On
Feb.
15,
1949
the U. S. District Court in Delaware entered
approving the plan to retire the
order
appeal
from
tlio
of
this order to the United States Court of Appeals for the
has been filed.
We are not yet able to say what the
appeal may be," the corporation's statement concluded.
Third
Circuit
effect
of
this
169,
p.
—V.
an
company's preference stock and
directing that it be carried out according to the terms approved by
Securities and
Exchange Commission.
Recently, however, notice
808.
50
C.
Mortimer
and
new
B.
S.
Hiram
members
and
director
a
of
West
the
Burnside (investment banker, New York,
(attorney, New York, N. Y.) have been
board of directors to represent the com¬
166,
Transfer
693.
p.
of
G.
McClatchie,
A.
April
on
Carroll,
Wyman
the
at
6
Norwich,
Jr.,
Tracy
Treasurer;
Adams,
A.
Nor¬
Executive Vice-President and General Manager; James Hodes
and Robert J. Hull, both of New York, and Ronald H. Ramsey of At¬
The
of
cost
and
those
during
is
West
improvements
Telephone
Coast
that such
anticipated
$2,000,000.
approximately
It
is
and
additions
subsidiary,
be
to
Kans.—V.
168,
to
expenditures
will
UPON COMPLETION
CAPITALIZATION
States
Refining
Smelting,
Mining
&
(&
Co.
3 Vi %
earnings
Balance after pfd.
Earnings
per
"After
deducting
provision
requirements
div.
share
common
for
Federal
except
taxes
ENDED DEC.
YEARS
FOR
Gross earns, bef. Fed. inc. taxes & res.
profit after taxes,
The
After
1934
income
on
and
reserves.
1948
Earnings
1947
per
income'——_———"$1,217,252
Extraordinary current income (net)_„l
*
720
Net
'
1947
1946
cf
$8,064,700
$5,199,733
4,338,409
$5.11
2,495,327
$1.62
$5.62
tax
amounting
to
and deducting pre¬
$1,057,530, and ap¬
$308,687,
common
$1,637,818,
dividends
propriation to contingent reserve for development amounting to $2,000,-
000, the earned
168, p. 2734.
balance
surplus
31,
Dec,
on
1948
$10,654,779.—
was
V.
vately—The company has placed privately with Pacific
Mutual Life Insurance Co., $900,000 4%% 10-year loan.
Company also borrowed $600,000 from a Los Angeles
bank.—V. 164, p. 997.
talization.—V.
April n will consider
on
169,
of
hearing
has
viously
given
the
upon
reported,
the
only
and
the
of
Co.—Hearing
declared,
financing
company
proposal
to
proposes
of
April
the
to
15
request
As
company.
issue $3,000,000
of
1949—Month—1948
$568,620
—;
$528,820
1274,
p.
Coke
&
$3,577,983
T.
"As
March
of
Brown,
with
$300,000
Roanoke, Va.
before
at
five
the
note,
1,
The
of
The
3%
The
commencing
1,
the
at
quarterly
its
rate
of
$15,000
March
consists
of
preferred
615
1,
shares
The
1899.
shares
80,401
stock
having
of
capital
4%,
$25
stock
common
structure
Exchange
Bank
payable
the
on
having
It
years.
will
seems
of
per annum.
4%
on
recede from
that
on
our
dends
on
common
secured
in
respect to
future
stock
'earned
the
It is
of
the
company
certain
its
surplus.'
payment
hope
be
that
its
paid
until
a
to
as
the
on
31,
balance
plan
the
'earned
of
fair
the
margin
time
safety
of
element
stock
common
with
await
must
recapitalization
which
became
effective
commenced the year 1948 with a zero
business conducted in 1948 produced
company
surplus.'
sinking
credited
the
to
$100,868
to
'earned
approximately 95 cents
fund
surplus,'
share
per
requirements
This latter
of
common
of
$24,861,
amount, equiva¬
stock, represents
stockholders*
common
equity in 1948 net profit."
In January, 1949, the
company granted General Chemical Division,
Allied Chemical & Dye Corp., an
option for six months, in considera¬
tion of a payment of $50,000, to
purchase all of our lands in Carroll
County, Va.,
for
the
of
$2,500,000.
If the option is exercised by
General Chemical Co., the $50,000
payment will apply to the purchase
price. The value of this property is based upon a deposit of pyrrhotite
which appears to extend
along the length of our properties for a dis¬
tance
sum
of
approximately n miles. During the otion period it is antici¬
pated that the General Chemical Co. will further explore the
property
and
P.
conduct
such
investigations
they
as
advisable.—V.
deem
169
1014.
from
*Net
from
Earnings—
Net
ry.
from
Net
ry.
—V.
1946 -*
$6,241,641
1,630,561
2,528,070
2,241,659
1,737,859
590,833
1,085,160
1,011,072
745,654
15,734,684
16,883,730
Railway____
railway.
14,832,474
4,829,485
4,386,282
3,221,511
1,190,687
2,035,641
1,922,270
company
101-year-old
March
asked
28
charter.
In
authority
to
bill
make
five
changes
the Blstrict Public
prepared by
Utilities Commission and submitted to
Congress by Senator J. Howard
McGrath, the gas company sought to. (1) Enlarge its board of di¬
rectors
from
broader
subsidiaries
annual
a
the
in
seven
(2)
Maryland
stockholders'
members
Empower it
and
meeting
Virginia.
from
the
to
to
a
maximum of
consolidate
(3)
Change
first
or
the
Monday in
15
to
give
with
merge
date
of
February
its
mittee.
stockholders.
public
At
its
directors
The
interest
annual
were
FOR
various
at
& Telegraph
of
points
1947
with
and
bill
will
already
be
stockholders
reelected.—V.
indorsed
studied
by
meeting
169,
p.
384.
the
before
$3,760,644;
2,966,844->;2,380,196
selling
9,137
683
10,222
138,467
$906,575
tax
$734,483-
164,425
137,122
<-7.
;.7'\
on
'
■
$973,693
for
by
in
sought
are
in
Minneapolis,
committee.
a
petition filed in the
Minn., by the preferred
hearing
A
scheduled
is
be
to
;
.
that
asked
bf Jan. 31
as
about
trustee
include
to
substantial
bonds.
at
low
a
,price."
mortgage
reduced
was
by
$13,804,000
preferred
the
of
40s,
general
direct
to
junior bonds, namely, first and refunding^
It was pointed out that these issues,
afford an "excellent opportunity for substan¬
purchase
in the
to
also
group
another
has
from
approximately
tender
operation
$20;-
last .year.
pending
petition
a
Wisconsin Investment Co.—Registers With SEC—>
The
SEC
.
251,678
$466,675
> r(:\ ■:
J
in the Court
seeking to transfer the Wisconsin Central Ry. from Section 77 to a
Mahaffie Act proceeding.
Hearing had been set for March 28 but this
nas
also been postponed until April 11.—V. 169, p.
1493.
$978,186
138,437
'*."J
...
4,492
$573,839
,
11).
reduction
first
The
1,837,788
*
$563,616
issues
Court
stated
was
the
debt
197.000
•
$2,811,482
$793,799
deducts..-
$405,681
161,347
435,500
$274,055
stock
96,000
84,733
covering
stock.
com.
$370,675'
72,000
Co.,
&
San
Inc.,
filed
31
shares
315,622
of
registration
a
its
($1
5
with
statement
stock
common
the
Francisco,
first
National
Under¬
pan.
-
*
-
Y.»,
mortgage
Bank
York,
i^-
2332.
3%
bonds due Nov;. 1,
1977,
are
now
exchange for outstanding temporary bonds at The Chase
of the City
of New York (43 Exchange Place, .New
available for
Calif.—V. 169,
168, p.
Service Corp.—Definitive Bonds—y'•
Wisconsin Public
$306,719
,
Milwaukee.—V.
writer, Loewe & Co.,
97,500
$202,055
^
$320,948
March
on
company
$404,219
,
;
pfd.
on
$2,943,813
-
to
1
1950.
Court
for
now
'
bond
Superior -&• Duluth
tial
-1945
all
District
petition
The
YEARS
r.(.:,,t.-l946^vv
Dividend—
dividend
a
May
protective
(April
today
sums
Co;',''"-'"''.'".T
CALENDAR
•
.
and,
week
13.6%
of
of
output
ended
the
April
the
over
1948.—V.
2,
N.
Harris
properties
totaled
of
93,978,000
output
169, p.
Co.—Weekly Output—
electric
1949
1493.
of
this
106,766,000
The
and
Trust
kwh.
for
the
-
Yale
for
company
kwh.,
the
increase
an
Wisconsin Trust Co. (Milwaukee, Wis.!, and
Bank (Chicago;'111.).—V. 16J, p. 1406.''%
First
Savings
Capital
corresponding week
-v
company
April
filed
1
registration
a
statement
with
the
Senate
PUC
of
1,
financing will be applied
at
par,
of
$10,000,000
of
to
the
New
The
cost
York
of
and
incurred
in
connection
with
financing of Westchester's construction program.—V. 169,
the
that
in
V.
169.
p.
1161),—V.
169,
bank
capital,
American
Life
Insurance
will
then
converted
be
into
installments,
Reno,
of
The
($10
filed
company
the
proposing
a
public
offering
statement
of
12,500
with
shares
the
of
SEC
to
shares
state
in
present
"is
United
The
the
prospectus,
stock
the
insurer.
the
the
of
that
so
States
admittance
purpose
the
of
this
of
the
of
can
possessions
requirement
capitalization
sftle
company
its
and
of
$3,706,222
450,772
$4,156,994
therefor,
company,
to
it
is
as
a
have
create
to
The* stock
to
the
be
sold
this
for
purpose.
additional
an
is
to
$125,000
be
at
underwriters
offered
$40
in
The
sale
Capital
of
Stock
such
•
t7V
share, with
a
and
ASSETS—
Tax
Gross
commission
Net ry.
$990,470
repairs——
From Jan.
Gross
169,
p.
1947
1946
$307,732
47,719
39,076
14,057
43,986
15,379
25,728
669,446
728,261
646,651
646,310
88,675
171,285
99,918
77,117
$200,000
$14,693,599,
1948.
the
:
reserve
(at
of
cost
or
_____
equipment-^
—______
cos.
3.1,066
79,858
32,113
50,073
*
$53,709,245
%
—
$6,127,622
Jan." 3
—
taxes
1%%
unsecured
2%Vc
—
unsecured
Reserve for
Earnings Lower—
promissory notes—
promissory notes
foreign contingencies
8,589,830
%
-
.
31T,852
1
174.801
$48,307,896
121.664
2,835,399
5,000,000
2,000,000
—
S6,243:717
121,664
2.39V,057
10.000,000
and other contingencies—
Capital stock ($25 par'value)
Earned surplus
reports gross sales of services in January, 1949 of
decrease of $1,119,770, or 7.1%, compared with January,
.'327,045
.
23,096.977
11,818,733
...
Accounts payable
Dividends payable
for
.'\ .""
17,911,338
:
*.
j.
liabilities—
Reserves
,
24,326.649
185,315
•:
_——
350,000
>
^
1947
$4,313,703
7,925,827.
lower
—
and
C ;
31
10,000.000
2,000,000
3.759,715
3,759,-715
tl2,774.720
12,166,400
11,528,467
11,181,001
company
being
the
DEC.
1948
inventories
Total
1162.
Western Union Telegraph Co.—Jan.
The
1.813,584
$2,683,070
Reserve for inventory
,
$680,350
2,670,000
AT
$308,267
93,843
1—
railway
Net from railway—
Net ry. oper. income—_
—V.
1948
$362,308
41,491
from
$828,383
2,957,768
:
SHEET
certificates—England—.—
(less
$i2.l2
$5.84
'/
Trademarks, patents and goodwill,—
Prepaid insurance, taxes, etc.—
$317,203
income—
oper.
reserve
"Plant
—
-A1-
Invests, in and advances to subs, and other
1949
railway
railway,
' 486.656
—
Merchandise
Alabama—Earnings—
from
from
$1,030,4I;7
827,315
7
\ -
Receivables
stock
Account."
$8
$2,844,932
________
Cash
(unnamed).
February—
Net
"7.7
•
market)
per
14,293
1,193,928
share—$4.17
to
capitalization
would
172,361
$2,127,061
—
BALANCE
$174,710.
$2,238,638
486,656
Maintenance
ex¬
273,517
$5,077,784
608,320
neces¬
increase the capitalization in order to qualify for admittance.
of the company as of Dec. 31, 1948, amounted to
Some of the states require a capitalization of as much as
$300,000, which means that approximately an additional 12,500 shares
The
profit for year—
per
$1,965,121
560,963
-
2,060,491
dividend
"Including:
Depreciation
enter
states
$4,516,821
1,691,945
Stock
stock
operate
the
«'•
1946
337,988
additional
qualify
to
of
many
maturing
1949.
1947
before misc. inc., etc.
Earnings
According
1948.
YEARS
1948
Cash dividends
March
par).
12,500
pro¬
—
Provision for incom taxes——____
Nev.—
common
in
loans,
30,
Sept.
income, divs. and int. received
Net
registration
to
sales
Net profit
Other
Registers With SEC—
30,
arranged
were
three-yeal term
commencing
Total
Co.,
facilities and
new
credits
Interest charges
Western
Com¬
1),
working
of
further construction
any
$65,191,314 $62,161,471 $39,996,187
(factory cost, selling,
adminis. and general expenses61,485,092
57,644,650
38,031,066
1274.
p.
from
transferred
were
agreements, the company may borrow up to a toial of
or before March 3.1, 1949.
The amount outstanding on
.
W. Burnham, 2nd, a member of the investment firm of Burnham
Company, New York, N. Y., and L. Welch Pogue, former Chairman
of the Civil Aeronautics
Board, have been elected directors to represent
the brokerage group which purchased recently 200,000 shares of West¬
(see
contemplate
now
sales
"Cost
I.
stock
does not
semi-annual
interim
and
ern's
on
1274.
p.
Division
The buildings previously occupied
INCOME ACCOUNT FOR CALENDAR
Director—
a
date
six
Net
Western Air Lines, Inc.—Burnham
these
$7,000,000
Co., general mortgage 100-year gold coupon bonds, 4%, due
1, 2004, and toward the payment and discharge of open account
indebtedness, aggregating $2,300,000 on March 15, 1949, due and pay¬
Consolidated
$4,652,833
against
as
,
Specialties
' :W
help finance the completion of
to
additional
Under
Westchester
Lighting
as
Feb.
order
In
redemption
and
the
of
company
plants.
new
July
to
V
by the Philadelphia Division have been sold.
vide
the
1949,
District
(adjourned from
activities
..
July
$8,043,312,
were
operation during the year.
The
proposing the sale at competitive bidding of $12,000,000 of general
mortgage bonds, due May 1, 1979, guaranteed unconditionally as to
payment of principal and interest by Consolidated Edison Co. New
York, Inc., parent.
'
Proceeds
1948
Stamford to the new plant at Salem.
the
SEC
on
in
Calvert
—
-
1947.
A large part of this sum was expended in constructing new
plants at Philadelphia, Pa., and at Salem, Va.
Both plants were placed
(N. Y.) Lighting Co.—Registers With SEC
on
expenditures
Annual Report
—
March 7 said in part:
on
in
■
in
Westchester
The
Towne Mfg. Co.
&
Carey, President,
of
to
(4i Repeal the statute fixing the maximum
price of gas
public buildings at 75 cents a 1,000 cubic feet. (5) Eliminate
requirement of filing with Congress a complete list of the gas
the
Washington,
Telephone-Co,
$397,438
West Penn Electric
in
firm's
all
present
a
later date.
used
jn
the
representation.
connections
3,403,262
Western Ry. of
on
•
its-subsidiary-both
-
declared
payable
on
States
Court
and
company
745.
p.
.
..
term cf
duration
the
the
that
so
the company had cash on
hand of $2,195,401 and temporary cash investments of $5,000,000, or
a total
of $7,195,461.
At the ICC hearing on a plan for the rpad, the
trustee
estimated
working capital requirements at $2,500,000.
The
petitioner expressed the belief that net current assets in excess of $3,000,000 are available and should be utilized for further debt reduction.
The ICC examiner's hearing was continued until May 10.
It was said
that it is unlikely that-a reorganization plan
will be ready for:: the
1,360,014
Washington Gas Light Co.—Seeks 5 Charter Changes
its
and
Coast
275,474
'.
Power
169, p. 1493.
The
in
held
/
$4,300,700
—
1274.
p.
12,426,334'
3,292,885
income
oper.
the
EARNINGS
income
would
1—
from
Net
1947
$7,305,456
income—
oper.
From Jan.
Gross
1948
$8,487,011
-
OF
UNDERWRITER—Blyth
sary
1949
$7,601,602
railway
West
(net) —
other
paid
ceed
railway
Oregon
1951,
1,
;
stockholders'
Wash¬
eper.—
for Federal
Divs.
any
February—
Gross
by
through
income
&
life
Wabash RR.
in
extending
consider
April
420.
United
The
profit of $204,775. After dividends on the preferred stock paid at
the rate of 25 cents per
quarter, amounting in the aggregate to $80,468,
and after the preferred
stock
we
of
States
subsidiary,
Pacific Telephone
from
income
Net
net
lent
and
lines
The
of
inc.
Prov.
able
the
to
1947,
in
the
furnished
is
own
lines
Int.
divi¬
Divi¬
,
prediction
of dividends
and expectation
paid without interruption.
be
in
have
stock,
Tenders
the
con¬
public utility, engaged in the business
Ipng distance telephone and telegraph service
owned
169,
'
.
will
13
beyond
1949.
since
incorporated
was
April
on
company
Wisconsin Central Ry.—Retirement of Debt Urged—
operating
areas
wholly
service
Net
now
high level for the past several
that earnings in the current year
our
may
cannct
15,
changing
to
"$535,743
"$1,220,972
surplus—
cf 50 cents per share on the
holders of record April 20.
This
compares with 25 cents paid on Feb.
1, last, a year-end payment of
50 cents on Dec. 28 and an initial of 25 cents on Nov. 1, 1948.—V. 169,
been
consolidation of Puget Sound Telephone Co.,
Coos & Curry Telephone Co.
a
and
Operating revenues
Operating expenses
this
of
developments.
"Pursuant
Dec.
level.
preferred stock
May
dividends
subject
directors
The
financial conditions of the com¬
on
the payment of dividends.
1948
The
account
Dec.
new
a
reasonably certain
dends
is
established
1948
record
has
' $531, <43
4,000
,
year
$1,126,150.
"Earnings in
of
future
be
share
per
the
perpetual.—V.
common
public
or
first
for
cumulative, convertible
value of $2,010,025 and 112,an
aggregate
par
value
of
par
the
be
The
value,
par
aggregate
an
with
earned
to
White Sewing Machine Corp.—50-Cent
the
restrictions
and
an
local
SUMMARY
funds
own
1, 1949, and a
payment of $10,000 each quarter thereafter until maturity.
The funds
thus made available were used to
provide for the complete liquidation
of the outstanding balance
($636,000 at March 1, 1949) of the 5%
first mortgage, noncallable,
50-year gold bonds of a $10,000,000 issue
dated
cents
of
will
BUSINESS—Company
is
company
Avail,
its
note,
interest
curtailments
of
payment
a
National
bank
with
1949,
thereafter
make
with
First
the
gave
March
and
to
agrees
from
company
from
offered
now
of
Definitive
supplemented
company
AND
furnishing
Toll
March 25 sa^d in part:
on
the
1949,
borrowed
years
rate of
company
President,
amount
these
earnings,
ington May 31, 1928, as
Through Bank Loan and 0,wn Funds—
Samuel
of
certtain
to
of
income
Pays Off Bonds
—
outstanding
company
the
to
as
payment
Oregon Telephone Co.
^'I":
Co.
and
HISTORY
,..".//;//:
Coal
assurance
no
and
Total
$4,553,596
'
Virginia Iron,
stockholders
The
which are Lovelaiid & Co. and
The shares now offered will be
of
Co.
the
of
pre¬
1949—8 Mos.—1948
shares
transferred
To Perpetuate Charter—
were
p.
availability
a
30-year
the
of
quarterly dividend of 50
June 1, to stockholders
payable
is
Other
Period End. Mar. 31—
sale
14,506
.25,000
J
;_
..
income
The
Virginia Dare Stores Corp.—March Sales—
169,
incorporation
stock,
Financing—
on
until
persons
stock
common
declaration
pany,
the
owners
Telegraph
&
DIVIDENDS—A
There
to
California, in the State of California.
mortgage bonds,
to be sold at competitive bidding. Proceeds
would be used for general corporate
purposes, including capital ex¬
penditures.—V. 169, p. 1273.
—V.
of
of
present offering constitutes the company's first public offering
common
proposed plan of recapi¬
a
security
major
Telephone
through
first
Bales
articles
amount
company's common stock was owned by West Coast Utilities
the
Pacific
the
interested
bond
the
company's
authoriz'ed
the
OWNERSHIP—Prior
the
Corp.,
1493.
p.
Utah Power & Light
SEC
115,000 shs.
shall
over
The
the
1949,
28,
(net)_.
"Deficit.
80,000 shs.
200,0C0 shs.
existence
within
Universal Laboratories, Inc.—To Vote on Plan—
stockholders
Net
100,000 shs.
increasing
482,uoo
.Net income accounted for during month—— "$1,217,972
from net income
3,000
common stock from
80,000 shares to 200,000 shares and increasing the par value per share
ditions,
United States Spring & Bumper Co.—Loan Placed Pri¬
The
Feb.
of
amended,
all
4,609,902
share
income
dividends
"As
income
Deductions
500,000
$1.20
(par $25)
149,4/2
ordinary
Delayed
1,000,000
$20
ipar
-$571,249
—
ordinary income
Deductions from ordinary income.
$3,725,000
•
500,000
1963—
due
debs,
series
stock
•*£89,1<)9
revenues
income—noncommunication
Gross
Outstanding
•_
preferred stock
dividend
"Common
STOCK
$8,263,666
etc.-_-.__.__.
common
Federal
Cumul.
31
company's earned surplus as of Dec. 31, 1947, was $10,431,538.
adding profit for 1948 of $4,609,902, and settlement of claim for
ferred
sinking fund
"$774,228
443,024
—
'
$10,000,000
i
1971
due
n^'r?n
5238,641
operating
from $12.50 to $20.
charges
all
RESULTS
Net
1971__
due
B
3^4 %
$1,088,308
480,562
207,592
$0.39
$782,857
404,117
131,147
$0.25
$750,563
341,657
68,687
$0.13
(estimated!—L
earnings
1948
1949
First Two Months of—
"Gross
Net
series
Series
6,elmf0
«
___;—
-$834,068
59,840
Net
Ordinary
OF PRESENT FINANCING
Authorized
ACCOUNT
INCOME
16,052,010
aggregate
required for
funds
1st mortgage bonds—//——
United
For January,
15,52/,667
California,
of
the completion
this program
will be obtained from
(a)
cash (including shortterm government bonds)
on hand as cf Pec. 31, 1948, and (b) internal
sources,
the principal items of which are accruals for depreciation
(expected to approximate $420,000) and unappropriated earnings.
Subs.)—Earnings—
which became enecoperational and other savings effcci-ea
1948 the deficit amounted to $535, /4J
despite
1948,
Operating revenues
Operating expenses
properties
its
Co.
of
1050.
p.
1,
S1,220,9u
of
Month of January—
•
the remaining
that
expected
deficit
1
wich,
chison,
April
keep the
telegrams primarily to
government and industry.
on
of
COMPARATIVE
its
It
imposed
traffic
January,
1949, resulted in a
lower volume and higher wage rates
during the month.
received are expected to be
expects to use this amount to defray part of
proceeds
company
1949.
the
in
"
net
extensions,
of
for
of
because
tive
was
war
which
25'#
clear
Operations
Starkweather and N. L. O'Donnell, 1714
Wash.
Registrar:
First National Bank
D.
Everett,
of
wires
Eveiett, Wash.
$869,267.
President of the company, was ousted from
the annual meeting of stockholders.
He was
dropped from the boa-d of directors, and the office of President
was left vacant in the election of officers which followed at a meeting
of
the
new
boaid.
Donald
B.
Derby
of
Syracuse,
N.
Y.,
was
elected
President of
the new board and Chairman of its executive
coftimittee.
No date was set for the election of a company President
to
succeed Mr. McClatchie. . Named to the
executive committee were
Grant
Street,
FURPOSE—The
United States Finishing Co.—President Ousted—
office
B.
agents:
California
1949
Monday, April 11,
tax
Stock Offered—
Telephone Co.—Common
Coast
CHRONICLE
FINANCIAL
&
COMMERCIAL
Blyth & Co., Inc., on March 30 offered 35,000 shares of
common stock (par $20) at $27.25 per share.
Boston
Gans
of
stockholders.—V.
mon
(Vice-President
McMenimen
Co.),
Y.)
elected
Corp.—New Directors
Conditioning
Air
States
United
Albert
Edison
N.
THE
(1606)
The
month
a
decrease
because
pronounced
reflects
of
a
reduced
depressing
more
severe
seasonal
decline
peculiar
to
activity in many lines of business and
effect of the wartime super-luxury excise
Total
,
in
4After
1947.
—
reserve
_______
$53,709,245
for depreciation of $14,853,934 in 1948
1,188 16/20 shares reserved for
tlncludes
certificates.—V. 169,
and
$48,307,896
$14,645,878
redemption of scrip
p.
150.
-
!
Volume
169
Number 4793
"THE
COMMERCIAL &
FINANCIAL
CHRONICLE
>»..
(1607)
51
11
STATE AND CITY DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
A
'
tors
^
\
•*
-
1
jv
•
-
*
Warrants
*$31,000
:
Sold
3 %-
An
—
general
issue
of
obligation
has been sold
warrants
to
Thorn¬
ton, Mohr & Co.j of Montgomery,
a
price of 103.02. Due in one
*-at
10 years.
to
•
■
•
the'
District, which will
annually until all the
continue
Andalusia, Ala.
-
of
i-
'
•
bonds and interest
In
a
that
the
•
—
.offered
awarded. to
were
,
April 7—v. 169,
1388—
p.
the
Bessemer
Trust Co., Jersey
City, at 0.98%
•.interest, plus a premium of $6.50.
.Dated May 3, 1949 and due on
•Nov." 10,
1949.
lower
a
rate
of
the Commissioner of Education.
The purchaser will be expected to
the
cluding
proving
Townsend, of Little Rock.
until
■
2
^
:$2 500,000
V> (MST)
p.m.
for
not
the
to
-
on
purchase
exceed
of
~
5%
in¬
terest
sewage
system
bonds.
Dated Jam 1, 1949. Denomination
<$1,000.
Due
-
$40,000
July 1, as follows:
1950, $50,000 in 1951,
in
*$60;000
in-1952,
-$80,000
in
-office of the
the
of
Harris
purchaser
without
A certified check for 5%
•cost.
the
the
total
able
amount of the
the
to
of
bid, pay¬
Secretary, is
District
Bond
Offering
.Clerk;
until 2
for
"25
'not
the
receive
Hitt,
sealed
Dated
1, 1948. Denomination $1;000. Due
$75,000 on Dec, 1, 1949; $75,000 on
.June and Dec. 1 from 1950 to
.1953
.and
inclusive;
$50,000
$75,000
Dec.
June
on
1,
City
at
the
National
.York City.
Treasurer's .office
for
of
the
Bond
bonds
exceed
5%
the
bonds.
est
Denomination
$26,000
at
the
of
able
to the
amount
of
bid,
pay¬
City Treasurer, is
re¬
bonds.
from
Due
1950
These
$3,000
to
bonds
on
bid
bonds.
re-
from
Due
1950
These
June
on
Feb. 8.
bonds
on
1968
were
June
Ashley County, Hamburg Sch. Dist.
bonds
awarded
to
'Investment
Dated
Feb.
Due
Feb.
'1953
and
the
W.
R.
office.
31
on
Hanover
Chula
San
1954, $4,500 in 1955 and
Feb. 28.
1962, $7,000 in 1963 to 1969,
$8,090 in 1970 to 1973, and $9,000
paying date
on
and
School
are
the
District,
,
2,341,000
election held
the
Claremont
any
after
on
Feb.
to
Salomon
of
:
ed
shall be furnished
purchaser at his own
for
vided
&
or
follows:
as
$750,000'
sewage
disposal, Series
of 1945 bonds. Due on April
1,
follows:
as
to 1960
1961
the
18.
due
Unified School District,
on
Nov. 10, 1949.
$50,000 from 1952
inclusive; $48,000 from
1966 -inclusive; and
to
$12,000 in 1967.
300,000 sewage,'
bonds.
Series
Due
1 from 1951
$15,000
1937
April
on
to 1970 inclusive.
226,000 street and bridge bonds.
Due on April 1, as follows:
$14,000 from 1951 to 1965 in¬
clusive
and
100,000 storm
$16,000 in
1966.
water
drainage
bonds.
Due on April
1, as
follows: $6 000 from 1951 to
1965
-
inclusive, and $10,000 in
1966.
Dated
April 1, 1949. Denomina¬
Bidders to name one
tion $1,000.
rate of interest, expressed in a
.multiple of V4 or 1/10 of 1%. Prin¬
cipal and interest payable at the
Tulare
County (P. O.
Visalia), Calif.
Bond
Offering—Gladys Stew¬ .First National Bank, of Boston.
County Clerk, will receive The approving opinion of Storey,
sealed bids until 10 a.m. (PST) on
Thorndike, Palmer & Dodge, of
April 12 for the purchase of $56,- -Boston, will be furnished to the
art,
000
not
to
exceed
school bonds.
5%
interest
Dated June 1, 1949.
purchaser.
A certified check for
\l% of the amount of the bid,
Denomination
able to the
June
pay¬
quired.
as
$1,000.
Due
on
follows: $3,000 from
1955
inclusive, and $2,000
1,
1950 to
cipal and
at
the bonds authorized at
are
election
the
certified
held
check
for, payable
District,
Monterey County (P. O.
Salinas), Calif.
Bond
Sale—The
Co., of San Francisco, at a
price of 100.03, a basis of about
2.35%, as follows:
2V4S.
as
from
from
Dated
Due
on
April
1
1950 to 1956 inclusive.
2V2S.
as
Due
1957 to
ing opinion of Robinson, Robinson
& Cole, of Hartford, will be fur¬
to the purchaser without
nished
.
$90,000 school
&
62,000
14, 1949.
FLORIDA
April 1—v. 169, p.
1275—were awarded to Dean Wit¬
$28,000
Dated April
June 2, 1949. The approv¬
on
cost.
bonds offered
ter
M-2 notes.
of •Due
of the Board
School
Note Offering—John J. Ashton,
Secretary, will receive sealed bids
the
Supervisors, is required.
Union
Authority,
Housing
A •until 11 a.m. (EST) on April 12
for the purchase of $95,400 Series
8.
of
5%
amount of bonds bid
the Chairman
Feb.
on
for
re¬
Connecticut
interest
(J-D) payable
the County Treasurer's office.
These
City Treasurer, is
Willimantic
from 1956 to 1974 inclusive. Prin¬
highest
Bros.
(EST) on April
purchase of $1,376,000
registered bonds, di¬
the
coupon
A certified check for $1,000, payable to the Board of Su¬
pervisors, is required.
Trust
bids until 8 p.m.
by
ex¬
&
Waterbury, Conn.
Offering—William Sirica,
Clerk, will receive sealed
City
Dated
bonds,
the
Bank
for
$100,000
at
plus a premium
Bond
Principal and
(M-N) payable at the
County Treasurer's office. The ap¬
proving opinion of some market
attorney, together with the print¬
interest.
Pasadena Cily High School District,
Angeles County (P. O.
Los Angeles County (P. O.
Angeles), Calif.
Bond Offering—Harold J. Ostly
Los Angeles), Calif.
the first instance from the pro¬ County Clerk, will receive sealed
Bond Sale—The $650,000 school
ceeds of an
eight-mill building bids until 9 a.m. on April 19 for bonds offered April 5—v. 169, p.
fund tax to be voted by the elec- 1 the purchase of $200,000 not to ex¬ 1382—were awarded to a
group
1, 1954, from funds from any
source.
The bonds are payable in
Hartford,
interest,
$5.00.
on
1969
April 1
Lakeland Housing
Note Sale—The
on
—were
awarded
to the
Bessemer
Trust
Co., Jersey City, at 0.98%
interest, plus a premium of $4.
Dated
May 3,
10, 1949.
Nov.
inclusive.
April 1, 1949. The second
bidder was the Bank of
Authority, Fla.
$184,000 notes
April 7—v. 169, p. 1388
offered
and
1949
due
on
North Miami Beach, Fla.
Bond
Offering—Joseph C. Bon-
Clerk, will receive
(EST) on
San Francisco, for ^pril 12 for the purchase of $375,2V2s, and $30,000 as 000 not to exceed 6% interest gen¬
City
neau,
America National Trust & Savings -sealed bids until 8
p.m.
Association,
$60,000
as
2%s, at
a
price of 100.07.
eral
Upland Housing Authority, Calif.
obligation
bonds.
Dated
Nov.
Los
May
3,
1949
and
due
on
10, 1949.
CONNECTICUT
■
as
Bonds Sold—An issue of
1
high
school
$50,000
improvement bonds
system
De¬
Due March 1,
$1,000 in 1950, $2,000
follows:
in
1951
$10,000
and
in
1952, $5,000 in 1953,
$12,000 in 1955,
1954,
$16,000 in 1957,
$18,000 in 1959,
$19,000 in 1960, $20,000 in 1961,
$23,000 in 1962, $26,000 in 1963
$15,000
$17,000
and
in
in
in
1956,
1958,
1964, $28,000 in 1965, $30,000
in-1966,
Bethel, Conn.
;f
water
Dated March 1, 1949.
nomination $1,000.
—
Los
Feb.
Co.,
inclusive.
1964
on
April 6, 1950.
highest bidder was
0.9.2%
interest
Note Sale
The $341,000 notes
Hutzler, of New York: $1,341,000 (59th series) at 0.96% in¬ offered on April 7—v. 169, p. 1388
terest, plus $16, and $1,000,000 —were awarded to the Bessemer
(59th series) at 0.97%, plus Trust Co., Jersey City, at 0.96%
$14. Dated May 3, 1949 and interest, plus a premium of $7.50.
These
at
York, at 0.97%
1949 and due Nov. 10, 1949.
Dated May
Due in 20 years.
authorized
to
Co.,
3y000,000 (58th series) to the Bes¬
semer Trust Co., Jersey City,
at 0.95% interest, plus a pre¬
mium of $76. Dated May 3,
Calif.
Offering—Marie Nasland,
bonds
Trust
Nov. 10, 1949.
until April 25 for the purchase of
30, 1949.
&
5%
Due
second
Hartford National
a.m.
exceed
to
Tularcitos
follows:
Dated May 3, 1949 and due on
Diego County (P. O.
$345,000 school bonds.
for payment prior to maturity in
inverse numerical order at par and
accrued interest on any interest
interest
New
pervisors, will receive sealed bids
in 1974. The bonds will be callable
on
De¬
1, as
1953
1954 to
v
Clerk of the Board of County Su¬
land
surplus in
school
1949.
dicate of banks headed by the
Chemical Bank & Trust Co.,
10%
value of the bonds of
Vista
Bank
10:30
Sequoia Union School District,
coupon
1,
1949.
The
pense.
0.95%
interest, plus a premium of
$24; $1,600,000 at 0.96%, plus
$24; and $1,600,000 at 0.97%,
plus $24. Dated May 3, 1949
and due Nov. 10, 1949.
3,649,000 (58th series) to a syn¬
San Diego),
Bond
1960, $6,000 in 1961
from
2%s,
New York: $1,600,000 at
1
bid for, payable to the
County Treasurer, is required.
1949. Interest F-A.
1, as follows: $4,000 in
date
par
as
6,
interest
$3,800,000 (58th series) to Central
each issue
1956, $5,000 in 1957 and 1958, $5,-
paying
as
$12,789,000 notes
April 7—v. 169, p. 1388
awarded
1,
building funds only, and
May
offered
authorized
certified check for
A
the
of
were
Stephens
Co., of Little Rock.
500 in 1959 and
interest
Dated
—were
Principal and interest (J-D
payable at the County Treasurer's
$140,000 school
March
of
Note Sale—The
$1,000.
(P. O. Hamburg), Ark.
j offered
as
5%
&
Hutzler, of New
at 0.91% interest, plus a
premium of $19.00.
Dated April
June 1 from
on
Bros.
York,
May 1, 1949.
on May
1, as follows: $3,000 from 1950 to
1953 inclusive; $2,000 in 1954; $3,000 in 1955, and $2,000 from 1956
to
Dated June 1,1949. Denomination
SI
Bank
nomination $1,000. Due May
follows: $20,000 from 1951 to
inclusive.
on
not
Bond Offering—Harold J. Ostly,
1
authorized
$1,000
to
at the election held
ARKANSAS
Bond Sale—The
the
County Clerk, will receive sealed
bids until 9 a.m. on April 19 for
the purchase of $250,000 not to ex¬
bonds.
1
inclusive; $51,-
j
mon
Denomination $1,000. Due
Schwab-
to
District
inclusive.
1969
were
at the election held
amount
No.
was
until
school bonds.
California
19,000 Therm alite School District
certified
payable to the City Clerk, is
'quired.
'■
awarded
County (P. O. Los Angeles),
ceed
due
June
On
Co., Hart¬
Mt2 notes offered April 1—v. 169,
1382—were awarded to Salo¬
(PST) on
April 19 for the purchase of $35,-
$44,000 school
4—v. 169, p.
California
School
bids
000
inclusive; $15,000 from
1963 inclusive, and $20,000 in 1964
and 1965.
Principal and interest
payable at the County Treasury. A
Meridian
as.2V2S,
follows:
as
due
1956
Principal and inter¬
payable at the Hartford
p.
Bond Offering—E. Dusenberry,
Sacramento),
Little Lake Sch. Dist., Los Angeles
a
to
1952.
Norwich Housing Authority, Conn.
Note Sale—The $567,000 Series
County Clerk, will receive sealed
Sale—The
the rate of
name
1950
000 in
18
Sacramento
3s, and $18,000
price of 100.22.
a
2%s,
Roeding Sch. Dist., Fresno County
(P. O. Fresno), Calif.
offered April
bidder
Trust
of 100.08.
the
of
America National Trust & Savings
Association *
San> Francisco, for
City's Treasurer's of¬
Bidders to
3%
National
about 2.64%.>
as
Co., of New Haven, as iy4S,
at a price of par.
Dated April 1,
1949. Due on April 1, as follows:
$17,000 in 1950 and 1951, and $16,-
ford.
inclusive, and $45,000
as 23/4s, due on June 1 from 1964
to 1969 inclusive.
Dated June 1,
1949.
The second highest bidder
was
Blyth & Co., for $68,000 as
2V2S, and $71,000 as 2%s, at a price
of 1%.
Co., of San Francisco, as
2%s, at a price of 100.04, a basis
of abouL2.74%.
Dated May 1,
1949.
Due on May 1 from 1951 to
1968 inclusive.
The second high¬
inclusive, and $30,000 in 1968.
Principal and interest (M-N) pay¬
at
O.
Edementary
County
1957 to 1963
acher &
interest
coupon
(P.
1382—were
Due on May 1, as follows:
$20,000 fronW950 to 1954 inclu¬
sive; $40,000 from 1955 to 1967
City Bank, New
A
000
Calif.
$1,000.
The approving opin¬
5%
to
works, 1949
Dated May 1, 1949.
Chapman & Cutler, of Chi¬
cago, will be furnished to the pur¬
'check
not
water
for
School District,
County
bids
until
7:30
p.m.
(PST) on
April 11 for the purchase of $650,-
ion of
chaser by the City.
Florin
Brawley, Calif. /
Bond Offering—Chas. C.
Casey,
City Clerk, will receive sealed
$60,000
or
from
ex¬
County Sch. Dists. (P. O.
Oroville), Calif.
Bond Offering—W. F. Matthews, certified
check
for
3%
of
the
County Clerk, will receive sealed bonds bid for, payable to order of
bids
until
11
a.m.
(PST)
on the
Chairman
of
the
Board
of
April 18 for the purchase of $79,- County Supervisors, is required.
000
not
to
exceed
5%
interest
Los A.ngeles Housing Authority,
bonds, divided as follows:
cipal and Interest (J-D) payable
the
high¬
Butte
-bonds were authorized at an elec-tion held on Nov. 16, 1948.
Prin¬
at
second
quired,
1954, and
,$25,000 on June and Dec. 1 from
.1955..to
1968.
inclusive.
These
on
The
check
of
$33,000
is required.
urer,
a
CALIFORNIA
3%
Dec.?
basis
bonds, payable to the City Treas¬
of
multiple
1/4
of
1%.
The
approving
opinion of O'Melveny & Myers, of
Los Angeles, will be furnished to
the purchaser, at the expense of
the City.
A certified check for
p.m. (MST) on April
purchase of $1,500,000
4% interest sewer
improvement bonds.
award
of
Carl M.
—
will
optional
years;
Formal
interest, expressed in
exceed
to
action.
fice.
Tucson, Ariz.
City
"bids
20
America
Chas. W, Scran-
ton &
National Bank & Trust
Savings Association, of San
Francisco, at a price of 100.11, a
Dated
interest,
of
has been sold to
est (A-O)
&
will be furnished to the purchaser
at the expense of the City.
A
bidder was Phillips National
Bank, Helena, at a price of 102.
able
-required.
Bank
approving opinion of O'Melvehy & Myers, of Los Angeles,
est
000
Trust
Savings Bank, Chicago.
The
approving opinion of Chapman &
Cutler, of Chicago, together with
•the
printed bonds, will be fur¬
to
in
years.
legal
.&
nished
3
1953,
or
bonds.
the rate of
certified
Due
•
1955,
County Treasurer,
office
the
<at
1949.
after
in
t$205,000 in .1966, $220,000 in 1967,
and
$235,000 in 1968.
Principal
and interest (J-J) payable at the
sealed
The
the bonds will await outcome of
$100,000 im 1956, $110,000 in 1957,
$120,000 in 1958, $130,000 in-1959,
$140,000,-in I960, $150,000 in 1961,
;$160,000 in 1962, $170,000 in 1963,
.$180,000 in 1964, $190,000 in 1965,
receive
7:30
pressed in a multiple of
1382—was made by the
Southern Securities Corp., of Lit¬
tle
Rock,
the
offer
being
a
price of 102.50,
Dated March 1.
p.
Oct. 1 from
on
Bpnd Sale—The $139,000 build¬
ing bonds offered April 5—v. 169,
p.' 1382 — were awarded to the
Kuenzli,
1969 inclusive.
name
Due
School District, Placer
Principal
(M-N) payable at the
City Treasurer's office.
Bidders
to
,
1, 1946.
Placer Hills Union
Super¬
and interest
bonds offered 'March 29—v.
169,
in
$70,000
$90,000
1954,
to
Co., of Mil¬
13/4s, at a price of
basis of 1.73%.
Dated
as
1950 to 1966 inclusive.
1949. Denomination $1,Due $5,000 on May-1 from
1950
Helena School District No. 2
'bids
Oct.
1,
000.
^
ment
will
Milwaukee
waukee,
100.16, a
(P. O. Auburn), Calif.
disposal
sewage
May
Helenawest
County
the
and
p.m.
(PST) on
April 18 for the purchase of $100,000
not to
exceed
6%
interest
bonds and the ap¬
opinion of Townsend &
County,
Clerk,
bids
the
trustee of the
Phillips
of
Elsinore, Calif.
Offering—Paul
City
of the issue, in¬
printing and of the
expense
-stadt, Secretary of the Board of
'Directors, - will
receive
..sealed
until
Board
Bond
(P. O. West Helena), Ark.
High Bid—The high bid for the
$60,000 3% building and equip¬
•April '25
the
terest, subject to the approval of
pay
1,
visors, is required.
in¬
of
composed of Halsey, Stuart & Co.,
C. F. Childs & Co., of Chicago,
school
1949. De¬
coupon
June
payable to order of the Chairman
have the right to convert
bonds to
Dated
Principal and interest payable at
the County Treasury. A certified
check for 3% of the bonds bid for,
legally
can
The purchaser may name
the place of payment and
trustee,
Pima
County Sanitary Dist. No. 1
(P. O. Tucson), Ariz.
Bond Offering — Gilbert Ron-?
paid in full.
pledge.
the
Mesa Housing Authority, Ariz.
Note Sale
The $236,000 notes
:
District
interest
5%
bonds.
they will be secured
pledge of all other revenue
and may
ARIZONA
ceed
nomination $1,000. Due $10,000 on
June 1 from 1950 to 1969 inclusive:
addition
by
are
$33,000 in
1967,
$35,000
1968, and $37,000 in 1969. The
City has reserved the right to
purchase
any
bonds
re¬
remaining
52
-outstanding
on
that date and
ment
thereafter
date
numerical
March 1, 1959 on
interest pay¬
on any
order
at
inverse
in
plus ac¬
interest.
The
approving
opinion of Chapman & Cutler, of
Chicago, will be furnished the
par
crued
purchaser
These
without
bonds
him.
to
Jan.
on
County (P.
Clearwater), Fla.
Certificate Offering
$500 Jan. and $1,000 on July 1,
1954, and $1,000 on Jan. and July
1 from 1955 to Jan. 1, 1961 inclu¬
O.
William
—
sealed
bids
until
2
p.m.
*
*
April 19 for the pur¬
chase of $202,000 3Yz% water revenue, Second Issue of 1949 cer¬
tificates. Dated Oct. 1, 1949. De¬
on
| Bidders to name the rate of
interest, expressed in a multiple
of y4 of 1%.
Interest J-J.
The
approving opinion of Ross, McCord, Ice & Miller, of Indian¬
apolis, will be furnished to the
purchaser at the expense of the
School City.
A certified check
for $180, payable to the School
City is required.
nomination
$1,000.
Due as fol¬
lows: $3,000 in 1950; $4,000 in
1951; $3,000 in 1952; $4,000 in
1953 and 1954; $3,000 in
1955; $4,-
000
from
1956
to
1958
(P. O.
R. F.D. No. l, Carthage),
Manufacturers Trust
March
Co., St. Petersburg. All certificates
be optional for redemption
prior to maturity on any interest
or prior to April
1975; and 100 thereafter. The
approving opinion of Chapman &
Cutler, of Chicago, will be fur¬
nished to the purchaser by the
County. A certified check for 1%
th^ amount of the bid, payable
to the Board
of
County Commis¬
sioners, is required.
IDAHO
,
Canyon County Class A Sch. Dist.
No. 132 (P. O. Caldwell),
'
Idaho *
VBond Sale—The $280,000 build¬
..
.
31—v.
$43,500
Due
169,
inclusive.
1967
inclusive.
.
Dated April 1, 1949. The second
highest bidder was McDougal &
Condon, for 2y4s, at a price of
100.53.
Mitchell School
City, Ind.
Bond Offering—Robert E.
Secretary of the Board of Trus¬
to
Co., First Seecurity
Bank of Utah, N. A., Salt Lake
City, Continental National Bank
Be Trust Co., Salt Lake City, Kalman & Co., and
Wegener & Daly,
Inc., jointly, for 2y4s and 2y2s.
Jc
County (P. O.
Galena), III,
Offering — Leslie Wil¬
Bond
liams, Chairman Finance Commit¬
tee, Board of Supervisors, will re¬
ceive
sealed
(CST)
chase
3%
on
of
bids
until
10
a.m.
April 12 for the pur¬
$500,000 not to exceed
interest
road
bonds.
Dated May 1, 1949. Denomination
$1,000.
Due $50,000 on Feb. 1
from 1951 to I960 inclusive. Prin¬
chaser
and
the
County.
Bidders
to name the rate or rates of in¬
terest, expressed in a multiple of
% of 1%.
thorized
on
Nov.
These bonds
at
were
au¬
the. general election
1948. The approving
2,
opinion of Chapman & Cutler, of
Chicago, will be paid for by the
County., A certified check for
$15,000, payable to the
Treasurer, is required.
County
Moline Housing
Authority, 111.
Note Sale — The $587,000 notes
offered on April 7—v.
*
O f f e ri
n
g—William
J.
Kelley, Secretary of the Board of
City Clerk, will receive sealed and
bids until 8 p.m. (CST) on
April 18 for the purchase of $43,000
fire
department equipment
bonds.
Dated May 1, 1949.
Due
on
Nov. 1, as follows: $8,000 in
1950 and
1951, and $9,000 from
1952 to 1954 inclusive.
Principal
and interest, payable at the office
of the City Treasurer. The ap¬
proving opinion of Chapman &
Cutler, of Chicago, will be fur¬
nished by the City.
The pur¬
chaser shall furnish the printed
open
of
t
X
of
of
amount
bid
bonds
without cost.
rate
of
interest, expressed in a
multiple of x/4 of 1%.
Interest
Portage Twp., School Twp. (P. O.
11314 Central Ave., Gary),
Indiana
offered
Bond
Sale—The
$89,000 school
1949
bonds
169,
p.
offered
1163—were
l3/4s,
price of
100.46, a basis of about 1.65%.
Dated April 1, 1949. Due on July
as
at
1 from 1950 to 1959
inclusive. The
second
highest bidder
apolis
Bond
&
a
was
Indian¬
Share
Corp., In¬
dianapolis, for l%s, at a price of
100.45.
-
—
a
Due
Dec.
on
will receive
(EST) on
April 11 for the purchase of $5,bids until
1949.
nomination
Due
Boston
$1,000.
Due April 1,
as follows:
$25,000 from 1951 to
1956 inclusive; $27,000 from 1957
to 1964 inclusive, and $4,000 in
1969.
Bonds maturing in 1955 to
were
Central
National
Bank
&
Trust
Cp., Shaw, McDermott &
Co., both of Des Moines, BeyerRueffel & Co., of Davenport, and
Ravenscroft & Co., of Cedar Rap¬
ids, at a. price of 100.23, a basis
of about 1.55%, as follows:
$370,000 as 4s, due on Jan. 1 from 1951
a
about 1.56%.
net
interest
cost
of
rate
or
pressed in
Bank
payable at the
Co.,
to
the
exceed
3 x/2 %
>
'i
-J
r'
clusive.
Dated
May
1949.
1,
Denomi¬
$1,000.
Bidders to name
interest, expressed in
a multiple of
V\ of 1%. Principal
and interest payable at the Na¬
rate of
tional
Shawmut
Bank
of Boston.
The
approving opinion of Storey,
Thorndike, Palmer & Dodge, of
Boston, will be furnished.
De¬
livery of the bonds will be made
April
$300,000
on
at the National Shawmut Bank of
interest sta¬
Note
Sale—The
$500,000
offered April 5 were
the
Second
National
notes
awarded to
1969 inclusive.
Bonds matur¬
Bank, of
ing in 1955 to 1969, will be sub¬ Boston, at 0.75% discount. Due on
ject to redemption • at the option Dec. 15; 1949. The second highest
of the Board of Trustees, as;a .bidder : was the
Merchants Nawhole or from time :to time a to, itioiiaLBank, of Boston, at 0.81%.
to
t
,
•
.'r
■VM
••
dated
April 8,
$25,$5,000. Due on
and
1949. Legality
8,
-:'i.888'
-o,
'!i' ./Ht
•-
-fvrw*
■
approved
by Storey, Thorndike, Palmer &
Dodge, of Boston.
Fall
River, Mass.
*
$1,000,000 notes
National
169, p. 1495—
to
awarded
were
0.87%
Due
Boston
at
Dated April 5,
discount.
1949.
Merchants
the
of
Bank,
Nov.
10, 1949.
The
bidder was the
National Shawmut Bank, of Bos¬
second
highest
ton, at 0.93%.
Holyoke Housing Authority, Mass.
Note Skle—The $1,010,000 notes
offered on April 7—v. 169, p. 1388
awarded
—were
Hanover
New
interest, plus a
Dated May 3,
1949 and due Nov. 10, 1949.
York, at
premium
0.95%
of
$16.
Lynn, Mass.
Sale—The
offered April
tional
$800,000
5—v. 169, p.
awarded to
were
notes
1495—
the Second Na¬
Bank, of Boston, at 0.73%
discount.
Due Nov.
Maiden,
9, 1949.
Mass.
Sale—The
Note
$750,000 loan
April 4—v. 169, p.
offered
notes
1495—were
awarded
the
to
Na¬
tional Shawmut Bank, of
at
Boston,
Dated April
discount.
0.74%
Due on Nov. 4, 1949. The
second
highest bidder was the
Merchants National Bank, Boston*
4, 1949.
Marblehead, Mass.
Sale
The $93,000 sewer
bonds offered April 7 were award¬
ed to R. L. Day & Co., of Boston,
as 13/4s, at a price of 100.89, a basis
of about 1.64% The second high¬
Bond
—
Day Trust Co., Bos¬
ton, for 13/4s, at a price of 100.79.
Bonds are darted May 1, 1949.
,
Denomination
May
1,
from
as
1963
$1,000.
Due
on
follows: $5,000 from
inclusive, and $4,000
1969
to
inclusive. Le¬
gality approved by Storey,
dike, Palmer & Dodge, of
Delivery will be made
Merchants National Bank,
ton, for Boston funds.
Thorn¬
Boston.
at the
of Bos¬
Marblehead Housing Authority,
Massachusetts
Note Sale—The issue of
offered
notes
on
April
,.t
-x.;
j
$50,00(f
7
was
awarded to the National Shawmut
Bank of
Boston, at 0.80% interest.
The Boston Bafe Deposit & Trust
rate of 0.815%.
The
notes
1949 and due
a
;
"
dated April
May 1, 1950.
are
7,
Melrose, Mass.
Note
Offering-—S. Homer But-
trick, City Treasurer, will receive
sealed
•'
h.
.VvrTv
Central
the
to
& Trust Co.,
Bank
Co., second high bidder, named
Boston, for Boston funds.
revenue bonds.
Dated April
1949.
Denomination
$1,000.
Due $15,000 on April 1 from 1950
1,'
,
are
$10,000
Nov.
1950 to 1962
nation
one
dium
:
notes
Denomination $50,000,
est bidder was
'
-
000,
bidder,
.
follows:
50,000 sidewalk construction
bonds.
Due $10,000 on May 1
from 1950 to 1954 inclusive.
son,
Secretary of the Board of
Trustees, will receive sealed bids
for
as
$40,000 in 1950, and
$35,000 from 1951 to 1954 in¬
Bond Offering—Frank D. Peter¬
19
The
high
rate of 0.943%.
a
at 0.76%.
Feb. 10, 1950.
lows:
$10,000,
payable to the University, is re¬
quired.
not
on
$180,000 Macadam Pavement, 1949
bonds.
Due on May 1, as fol¬
cost. A certified check for
(CST)
purchase of
New
0.95% interest, plus a
of $18.
Dated May 3,
bonds, divided
name
rates of interest, ex¬
a.m.
Co.,
City Treasurer, will receive sealed
bids until 11 a.m. (EST) on April
13 for the purchase of $230,000
a
10:30
Trust
Brockton, Mass.
Offering—Leo V. Clancy,
Bond
Principal
to
&
1949 and due
multiple of x/4 of 1%.
These bonds are part of an issue
of $500,000 authorized by a reso¬
lution adopted by the Board of
Trustees.
The approving opinion
of.Chapman & Cutler, of Chicago,
togther with the printed bonds,
will be furnished by the Board of
Trustees to the purchaser without
until
next
Boston,
1949.
.
$1,120,000 notes'
April 7—v. 169, p. 1388—
York, at
premium
whole or from time
in the inverse or¬
der of their numbering, on April
I, 1954, or on any interest pay¬
& Trust
1949.
awarded to the Central Han¬
over
as a
Bidders
Nov. 4,
on
Note Sale—The
1969, will be subject to redemp¬
Lexington.
noon
Housing Authority, Mass.
offered
tion at the option of the Board of
the
of
named
000,000 loan notes. Dated April 14.
and service building revenue
bonds.
Dated April 1, 1949.
De¬
of
The
discount. The First National Bank
Note
Offering—Henry F. Bren-
sealed
rary
First National Bank
Principal
City Treasurer,
nan,
(CST) on April
purchase of $490,000
not to exceed '3%% interest lib¬
and interest (A-O)
—
1949.
15,
Reserve
Note
a.m.
B o n d S a 1 e
The $3,500,000
building bonds offered on April 5
—v.* 169, p. 1383—were awarded
to a syndicate composed of Phelps,
Fenn & Co., Glore, Forgan & Co.,
C. J. Devine & Co., Eastman, Dil¬
lon & Co., Kean, Taylor &
Co.,
Hornblower & Weeks, all of New
York, Detmer & Co., of- Chicago,
Eldredge & Co., of New York,
Blunt Ellis & Simmons, of Chi¬
Bidders to name a
First National Bank of Boston.
Boston, Mass.
the
thereafter.
of New
payable at any Fed¬
System
Bank or
Trust Company.
The approving
opinion
of
Storey,
Thorndike,
Palmer & Dodge, Of Boston, will
be furnished and paid for by the
Authority.
eral
Secretary of the Board of
Trustees, will receive sealed bids
date
Hutzler,
Sal¬
and interest
son,
Trustees,
interest.
of
dated April 15, 1949.
are
Offering—Frank D. Peter¬
10:30
1959 inclusive.
single rate of interest; expressed
in a multiple ot Y± of 1%. Princi¬
pal and interest payable at the
rate of 0.94%.
Notes
University of Kentucky (P. O.
Lexington), Ky.
for
&
Bank
York, second high bidder, named
&
April 1 from 1962 to 1969
The second highest bid¬
der was Fox, Reusch & Co., at a
price of 99.01.
ment
100.17.
1495—
Bros.
National
0.924%
Bros.
omon
on
Davenport Indep. Sch. Dist., Iowa
of
p.
Stein
on
Second
the
to time in part,
IOWA
cago,
169,
v.
to
April 7, 1950.
Note Sale—The
$290,000 notes
April 7 were awarded
Boston, at
inclusive.
19
building of
April 1—v.
to
The
—
ates, at a price of 100*5.1, a basis of
about 2.96%. Dated'April 1, 1948.
until
A certified check for
Sale—The
Note
Boyce, of Louisville, and Associ¬
Bond
The approv¬
Agawan Housing Authority, Mas3.
County (P. O.
Lebanon), Ky.
Due
multiple
a
$5,000, payable to the Mayor and
Council, is required.
KENTUCKY
Sale
Due
offered April 5—v.
awarded
the
1949.
MASSACHUSETTS
April 5
name
1/10 of 1%.
or
rates of
or
in
expressed
ing opinion of Edward T. Miller,
Town Attorney, and Niles, Barton,
of Baltimore, will
be
delivered
to
the
purchaser
Marion
Bond
the rate
name
Morrow & Yost,
for
fered
to
Y%
required.
.
•.
ders to
interest,
certified check for 3%
A
the
is
offered April 4—v.
1495—were awarded to the
p.
Second National Bank, of Boston,
at 0.82% interest. Dated April 8,
approving Opinion of Ropes, Gray,
Best, Coolidge & Rugg, of Boston,
will be furnished to the purchaser.
Delivery of the bonds will be
made on or about April 28, 1949,
000
not to
exceed
5%
interest at the First National Bank, of Bos¬
electric plant improvement cou¬ ton, against payment in Boston
pon
bonds.
Dated May 1, 1949. funds.
Denomination $1,000. Due $25,000
Chelsea, Mass.
on May I from 1952 to 1961 inclu¬
Note Sale—The issue of $500,sive. Principal and interest (M-N) 000 notes offered on April 7 was
payable at .the Easton National awarded to the National Shaw¬
Bank of Maryland, Easton.
Bid¬ mut Bank of Boston, at 0.92%
Waterloo, Iowa
Offering — H. W. Wente,
.
were
169, p. 1388 to 1954 inclusive, and $3,130,000
—were awarded to the Bessemer
as iy2s, due on Jan. 1 from 1955 to
Trust Co., Jersey
City, at 0.97% 1969 inclusive. Dated April 1,1949.
interest, plus a premium of
$14. The second highest bidder was
Dated May 3, 1949 and due on the First National
Bank, of Chi¬
Nov. 10, 1949.
cago,
Bankers Trust Co., New
York,
and
Blewer, Heitner &
INDIANA
Glynn, jointly, for $370,000 as 4s,
Batesville School City, Ind.
and $3,130,000 as
iy2s, at „a price
Bond
$29,000 street
were
awarded to the First Au¬
improvement general obligation
Trust Co.,
of Auburn, at
bonds offered at auction April 2 burn
—v.
169, p. 1495—were awarded 0.93% discount. Due March 1, 1950.
to the Carleton D. Beh Co., of
MARYLAND
Des Moines, as l%s, at a price of
100.74, a basis of about 1.61%.
Easton, Md.
Due on May l 'from 1950 to 1959
Bond Offering—Rachel M. Wilk¬
inclusive. The second highest bid¬
inson, Town Clerk, will receive
der was Wheelock &, Cummins, sealed
bids until noon (EST) on
for l3/4s, at a price of 100.72.
April 20 for the purchase of $250,Bond
169,
notes
—
Ottumwa, Iowa
to 1952 inclusive,
and $1,000 on
Jan. and July 1 from 1953 to 1966
Bidders
April
approving opinion
The
on
—
series
Brookline, Mass.
Bond Offering—Albert P. Briggs,
Town
Treasurer,
will
receive
000, payable to the University, is
sealed bids until noon (EST) on
required.
April 11 for the purchase of $1,MAINE
016,000 high school coupon bonds.
Dated April 1, 1949. Denomination
Auburn, Me.
$1,000. Due on April 1, as follows:
Note Sale
The $350,000 notes
$56,000 in 1950; $55,000 in 1951
offered April 4—v. 169, p. 1495—
and 1952, and $50,000 from 1953 to
$125,000 3%
school building revenue bonds of¬
inclusive.
1949.
author¬
Brockton Housing Authority, Mass±
Note Sale
The $50,0o0 first
Trustees without cost to the pur¬
chaser.' A certified check for $6,-
Sale—The
Bond
were
of Chapman & Cutler, of Chicago,
will be furnished by the Board of
pn
building of 194.9 bonds. Dated
May 1, 1949. Denomination $1,000.
Due $1,000 on July 1 from 1950
coupon
cipal and interest (F-A) payable
at such bank or trust
company in
the City of Chicago, as
may be
mutually agreeable to the pur¬
5,
by
purchase of $31,000 not
exceed 3 y2%
interest school
Chicago,
Daviess
H.
the
awarded to McDougal & Condon,
ILLINOIS
election
held
tees, will receive sealed bids un¬
til 7:30 p.m. (CST) on April 18
for
the
Legality approved
A. Rogers, of Des Moines.
at
14.
bonds.
King,
J-J.
The approving opinion of
ing bonds offered March 28—v.
Ross, McCord, Ice & Miller, of
169, p. 1383—were awarded to
Indianapolis, will be furnished to
Foster & Marshall, of
Seattle, and the
purchaser at the expense of
Boettcher & Co., of Denver, joint¬
the School City.
A certified check
ly, on a bid reflecting a net in¬
for $5,000, payable to the School
terest cost of about 2.36%.
The
City, is required.
V
second highest bidder was Edward
L. Burton &
thorized
March
These bonds
ized at the election held
$1,000.
Due
on
Nov. 1, as follows: $1,000 in 1950,
and $2,000 from 1951 to 1957 in¬
clusive.
These bonds were au¬
p.
school township bonds.
on July
1 from 1949 to
after.
Denomination
the Union
to
43,500 civil township bonds. Due
on July
1 from .1949 to 1967
101 thereafter on
1,
$87,000 school
bonds offered
1949
follows:'
as
will
payment date on or after April
1, 1963; upon terms of 103 on or
prior to April 1, 1967; 102 there¬
after on or prior to April 1, 1971;
of
1275—were
Trust Co.,
of Indianapolis, as 2y4s, at a price
of 100.68, a basis of about 2.17%,
Co.,
New York City, or at the option
of the holder at the Union Trust
of
Sale—The
Bond
awarded
the
Township
Indiana
'
building
cipal ^pd interest (A-O) payable
.
River
inclusive,
from 1968 to 1972 inclusive;
from 1973 to 1975 inclusive;
$9,000 in 1976; $12,000 in 1977 and
1978, and $28,000 in 1979.
Prin¬
at
Blue
from 1959 to 1963 inclusive;
from 1964 to 1967 inclusive;
$5,000
$6,000
$7,000
$8,000
inclusive;
A
11.
Crawford, Clerk of the Board of
County Commissioners, will re¬
(EST)
,
sive.
Pinellas
ceive
1953
to
1951
from
Monday, April 11, 1949
part, in the inverse order of their
numbering, on April 1,1954, or on
any interest payment date there¬
will
Trustees,
1
certified check for $7,500, payable
to the City, is required.
CHRONICLE
receive Missouri Valley Indep. Sch. Dist.,
Iowa
(CST)
Bond Offering — Hugh J. Taon April -14 for the purchase of
$18,000 not to exceed 3% interest misiea, Secretary of the Board of
school remodeling of 1949 bonds. Directors, will receive sealed bids
until 7:30 p.m. (CST) on April 18
Dated July 1, 1949. Denomination
$1,000 and $500.
Due $500 on for the purchase of $15,000 build¬
Dated May 2, 1949.
July 1, 1950; $500 Jan. and July ing bonds.
School
sealed bids until 7:30 p.m.
at
authorized
were
the election held
.
cost
FINANCIAL
COMMERCIAL &
THE
(1608)
.bids until 11
a.m.
**.
»■
(EST)
;
Volume
169
April
on
April
Denomination
Nov. 4, 1949. The
1949.
$25,000. Due
will
on
be
delivered
for Boston Funds.The
ton,
opinion of
0.67%
tional
will
at
furnished.
Milton, Mass.
Note
Sale
notes offered
ed
to
The
—
April 6
the Boston
Deposit &
plus
the
to
April
6
were
Bank, of Boston, at 0.81%.
April 14, 1949 and due
14, 1950.
The
notes
Due
1949.
Dated
March
on
dated
are
se¬
National
Second
April
14,
April 15, 1950. Le¬
gality approved by Storey, Thorndike, Palmer & Dodge, of Boston.
Notes are dated April 14, 1949.
Due on March 14, 1950. Legality
approved by Storey, Thorndike,
on
Palmer & Dodge, of Boston.
Sale
April 4 were award¬
County Trust
Co., of Dedham, at 0.68% interest.
Due on Nov. 1,1949. The First Na¬
tional Bank of Boston, next high
bidder, named a rate of 0.70%.
to
the
Norfolk
Plymouth County (P. O.
Plymouth), Mass.
Note Offering—Avis A. Ewell,
County
Treasurer,
receive
sealed bids until 11 a.m. (EST)
on April 12 for purchase of $310,000
tuberculosis hospital main¬
tenance
notes.
Dated
April 12,
1949. Denominations $50,000, $25,000 and $10,000.
Due on March
15, 1950.
Delivery of the notes
will be made on or about April
14, 1949, at the Second National
Bank of Boston,-The approving
opinion
of
Storey,
Thorndike,
Palmer
will
&
Dodge, of Boston, will
be furnished to the purchaser.
Quincy,
Bond
Mass.
Offerin g—John R.
sealed
(EST)
until
bids
11
on
of
Shawmut Bank of Boston. Bidder
to
name
the rate
pressed in
of interest,
multiple of
a
ex¬
of 1%.
Legality
approved
by
Storey,
Thorndike, Palmer & Dodge, of
Boston.
Salem, Mass.
Offering — Arthur
Note
T.
Brennan, City Treasurer, will re¬
ceive
(EST)
chase
April
sealed
bids
sealed bids until 8 p.m. (CST) on
April 11 for the purchase of $112,000
not
to
exceed
3%
interest
water supply and sewage
disposal
system
revenue
coupon
bonds.
April 1, 1949.
Denomina¬
Due on July 1, as
follows: $5,000 from 1953 to 1959
$1,000.
until
11
Due $200,000 on Nov. 4,
and Dec. 5, 1949. Payable at the
National Shawmut Bank, of Bos¬
$25,000.
1961
The
bonds
time
to
1967
inclusive.
to time
this
of
series,
from
outstanding, will be
subject to redemption as a whole
prior to maturity, at the option of
the City, on any one interest pay¬
ment date
the
and
turing
on
after
or
July 1, 1951,
bonds of said series
ma¬
after July
and
1, 195G,
will
be
subject to redemption
prior to maturity, at the option of
the
City, in inverse numerical
order, on any one or more interest
payment dates on and after July
on
1955,
1,
and
at the
accrued
par
value
Saugus, Mass.
Sale
The
—
$200,000 tax
March
30
were
awarded to the Merchants Nation¬
al Bank, of Boston, at 0.86%
count. Due on Dec. 15, 1949.
interest, plus
a
pre¬
mium in accordance with the fol¬
lowing
schedule,
to-wit:
$30
if
called for redemption on or after
July
1, 1951, but before July 1,
1955; $20 if called for redemption
on or after July
1, 1955, but be¬
July 1, 1960; $10 if called for
redemption on or after July 1,
1960, and before July 1, 1965; and
premium if called for redemp¬
tion
on
ders to
after July 1, 1965. Bid¬
or
the rate of
interest,
expressed in a multiple of Va of
1%.
Principal and interest (J-J)
payable at the Detroit Trust Co..
name
Detroit. The approving opinion of
of Claude H. Stevens, of Berry,
Stevens, Barbier & Evely, of De¬
troit, together with the printed
bonds, will be paid for by the
City. The bonds will be delivered
at Detroit.
notes
Sale
offered
awarded
Bank,
to
of
The
—
A
certified
check
the
31
Second
dis¬
Bond Offering—Mabel E. Stein¬
berg, Director,, will receive sealed
bids
until 8 p.m.
(EST) on April
purchase of $15,000 not
11 for the
to exceed 4%
interest school Cou¬
bonds.
Dated March 15, 1949.
Denomination $500.
Due $1,500
pon
15 from
Nov.
1950
to
1959
in¬
approving opinion of some mar¬
ket attorney shall be furnished by
the purchaser at his own expense.
A
certified
able
to
on
the
check
National
at 0.71%
Nov. 10, 1949.
for
$300, pay¬
Treasurer, is
District
required.
Bond
tax
were
Boston,
count. Due
Webster,
nue
—
Mass.
March 29 were
awarded to the Merchants Nation¬
al Bank, of Boston, at
count.
plus
re¬
redeemed
premium
a
with
0.77% dis¬
1949.
Due on Sept. 29,
the
the
in
ac¬
following
of interest,
ex¬
multiple of
of 1%.
Interest J-J. The approving opin¬
name
pressed in
zer,
Mich.
Offering—Lorenz
Village
Clerk,
will
sealed bids until 8 p.m.
Daen-
receive
000
not
to
exceed
(EST)
4%
on
interest
pon
bonds.
Dated
Feb.
1,
1949.
Denomination $1,000.
Due July 1,
as follows: $2,000 in 1953 to 1950,
$3,000 in 1957 to 1965. $4,000 ih
1966
to
to
1978.
1975,
The
and
$5,000 in
bonds
will
be
rate
a
ion of Claude H. Stevens of
Berry,
Stevens^ Barbier & Evely, of De¬
troit, together with the printed
bonds, will be furnished and paid
for by the Village.
A certified
for
payable to the
is
required.
$1,800,
Treasurer,
(These
Feb.
the
are
bonds
28, for which
no
offered
bids
on
were
received.)
1958
inclusive,
1959.
$4,888.19
and
Bidders
to
the
name
in
rate
interest, expressed in a multiple
V4 of 1%.
Principal and in¬
terest (A-O) payable at the City
Treasurer's office. The approving
opinion of some market attorney,
shall
be
chaser
furnished
at
Mich.
Sale—The $30,000
Bond
and
sewer
April 4
—
169, p. 1496
by
the
pur¬
were
own
Dated Jan.
1, 1949. Due on. Sept;
to 1969 inclusive.
1 from 1950
Pontiac School
Note
District, Mich.
Vernon L.
Offering
Schiller,
will
Blue
Bond
Sale
Earth, Minn.
The $135,000 hos¬
—
pital bonds offered March 30—v.
169,
1165—were awarded to the
p.
First
National
at
price
a
Bank, of St. Paul,
100.14,,,a basis, of
of
about 2.16%,
as
$68,000
follows:
Due on March
as 2s.
from 1951 to 1960 inclusive.
67,000
2V4S.
as
Due
1
(EST)
on
April
for the
13
pur¬
4%
interest, notes divided as follows:
anticipation
Dated May 1, 1949.
86,000
tax
anticipation
$150,000
notes.
tax
Dated June
March 1
on
March
1, 1949. The sec¬
ond highest bidder was Blue Earth
State
at
Bank, for $135,000 as 2V4S,
price of 100.47, a basis of
a
about 2.20%.
;
,
.
on Jan. 15, 1950. Subject to
redemption on and after
Aug. 1, 1949. ' The legal opinion
of
some
market
attorney,
to¬
gether with the printed notes, will
be furnished by the purchaser at
his
own
expense.
A
certified
of
the
of
amount
bid, payable to the District, is re¬
quired.
Robinson
Bond
works
Sale—The
bonds
1496
p.
and Grand Haven
$25,000 water¬
April 1—-v.
„
for
Sold—The $16,500
which
Dec.
on
Michigan
Offering—William Osner,
Director, will receive sealed bids
until 7 p.m. (EST) on April 11
for the purchase of $26,000 not to
interest school coupon
April 1, 1949.
nomination $1,000.
1,
De¬
Due on April
follows: $1,000 from 1950 to
as
1953
inclusive,
$2,000
and
1954 to 1964 inclusive.
have
and
numerical
accrued
order,
at
par
mium of $20.00 per
plus a pre¬
bond if called
in the year of 1953 or 1954, a pre¬
mium of $15.00 per bond if called
in
the year 1955 or 1956. a pre¬
mium of $10.00 per bond if called
in
the year
1957 or 1958, and
thereafter at the par value
of the
accrued interest. In¬
terest A-O.
The approving opin¬
ion of Howard W. Fant, of Grand
plus
Haven, will be furnished to the
purchaser without cost. A certi¬
fied check for $520, payable to the
District Treasurer,
7:30
April 11 for the
purchase of $45,-
1976
388.19
sub¬
terest
not
to
special
exceed
bonds
to
the
Deerwood,
fighting
equipment
held
sealed
bids
until
1
2V2%
assessment
in¬
paving
oni
for
re¬
p.m.
(CST) on April 12 for the pur¬
chase of $150,000 water and sewer
certificates of indebtedness. Dated
April 1, 1949.
Denomination $1,000.
Due $10,000 on April 1 from,
1952
to
1966
inclusive.
"All
cer¬
maturing after April 1/
1959 being subject to redemption
on said date and on any interest
payment date thereafter at par
and
accrued
interest.
interest
and
suitable
rate
Principal
payable
bank
designated
by
Bidders to
at
any
trust
or
com¬
the
pur¬
single
expressed in a
of
name
interest,
multiple of 1/10 or
a
of 1%.
The
approving opinion of , Faegre &
Benson, of Minneapolis, together
with the printed certificates, will
furnished
be
purchaser.
without cost
to
the
A certified check for
$3,000, payable to the City, is
quired.
re¬
.
'
County lnd%p. Sch. Dist.
No. 1 (P. O. Wadena), Minn.
Bond
Offering
The
—
District
Clerk will receive sealed bids
til 2
the
(CST)
purchase of
p.m.
un¬
April 22 for
on
$175,000
school
building bonds.
MISSISSIPPI
Belzoni, Miss.
Offering
W. A. Fisher,
Clerk, will receive sealed
Note
City
bids until
7:30
p.m.
(CST) on
April 12 for the purchase of $100,000 3% public utility notes. Dated
000.
1, 1949. Denomination $1,$10,000 on March
1
Due
from
1950
to
1959
inclusive.
notes
will
be
sold
to
2,000 village hall repair bonds.
and best bidder for cash.
,
,
r
Marshall
County (P.
Warren), Minn.
.
Bond
Offering—Levi
G.
John¬
County Auditor, will receive
sealed bids until 11:30 a.m. (CST)
on
April 14 for the purchase of
$200,000 funding coupon bonds.
Dated April 1, 1949.
Denomina¬
tion $1,000.
Due $25,000 on April
from
1950
of
V4
ing
to
inclusive.
1957
name
single rate of
a
expressed in a multiple
1/10 of 1%. The approv¬
or
opinion
of Dorsey, Colman,
Barker, Scott & Barber, of Minne¬
apolis, together with the printed
bonds, will be furnished to the
without
purchaser
A
cost.
cer¬
tified check for $4,000, payable to
the County
Treasure, is required.
St. Louis County Ind.
No. 39
tax
Sale
anticipation
fered
April
The
$42,030
certificates of¬
—
169,
p.
1385—
Miners Na¬
the
to
Bank,
15,
1.951.
The
of
Due
second
First
the
Eveleth.
1949.
highest
National
Dated
Dec.
on
31,
bidder
Bank
of
Eveleth.
South
Saint
Paul
No.
Spec. Sch. Dist.
1, Minn.
Bond Offering—C. J. Swedberg,
Secretary of the Board of Educa¬
tion, will receive sealed bids un¬
til 7:30 p.m. (CST) on Ar.ril 20
for the purchase of $1,725,000 not
to
exceed
coupon
6%
bonds.
interest
building
Dated May 1, 1949.
$1,000.
Due
on
follows: $100,000 from
as
1967 inclusive, and $125,-
000
in
1968.
Bonds
maturing
on
May
1,
1965,
and
subsequent
years will each be subject to re¬
demption and prepayment at the
option of the District,
order
City
son,
Clerk, ' will
receive
sealed bids until 7:30 p.m.
(CST)
April 19 for the purchase of
$200,000
park
and
playground
bonds.
Dated April 15,1949.
De¬
nomination $1,000.
Due $20,000
on
on
Feb.
clusive.
1
from
1950
Principal
to
and
in¬
1959
interest
payable at a place to be desig¬
by the purchaser, subject
to the approval of the City Coun¬
nated
cil.
or
Bidders
rates
to
name
rate
the
of interest, expressed in
multiple of Vs of 1%. The ap¬
proving opinion
of Charles &
Trauernicht, of St. Louis, together
with the printed bonds, will be
furnished and paid for by the
a
City.
be
Delivery of the bonds will
made
on
or
before
June
1,
1949, at New Orleans, Jackson, or
Memphis and without expense to
the
A certified check
purchaser.
for
$4,000, payable to the City, is
required.
.
tional
April
was
4—v,
awarded
were
Sch. Dist.
(P. O. Eveleth), Minn.
Certificate
The
highest
Bond Offering—W. B. William¬
son,
1
the
Greenville, Miss.
O.
1952 to
receive - sealed
p.m.
(EST) on
until
sold
May 1,
Bond Offering—N. G. Damoose,
bids
election
certified check
Whitmore, City Clerk, will
ceive
March
$7,500 fire
bonds.
Denomination
is required.
Ypsilanti, Mich.
Clerk, i- will
M.
J,..:
follows:
as
All bonds
interest
City
to
received
were
been
First National Bank, of
from
maturing in 1961 to 1964, shall be
callable on any interest payment
date on or after April 1, 1953, in
inverse
bids
no
7
interest,
1, Grand Haven),
Dated
Minn. i,\:...
Ironton,
.
Bonds
Bidders to
bonds.
awarded
were
—
the bonds au¬
are
the
A
to 1962 inclusive.
R. R. No.
exceed 4%
22.
Wabasha, Minn.
Offering — Charles
offered
Co., of Minneapolis, as
2.70s, at a price of 100.05, a basis
of about 2.69%.
Dated April 1,
1949.
Due on April 1 from 1951
Twps.
School District No. 3 (P. O. -
Bond
March
at
Wadena
Granada, Minn.
1, 1949.
2%
These
thorized
chaser.
County (P. O.
Bagley), Minn.
Bond Sale—The $175,000 hospi¬
tal bonds offered April 5—v. 169,
p.
1277—were
awarded to the
First National Bank, of Bagley, as
2s, at a price of 100.50, a basis of
about 1.91%. Dated April 1, 1949.
Due on April 1 from 1951 to 1960
Due
for
Chicago, together with the printed
will be furnished by the
bonds,
7,000 truck purchase bonds.
notes.
ex¬
multiple of 1/10 or
Principal an$ interest
(M-N) payable at any suitable
banking institution designated by
the
purchaser.
The
approving
opinion of Chapman & Cutler, of
pany
r
Clearwater
prior
check
name
interest,
tificates
from 1961 to 1969 inclusive.
Dated
receive sealed bids until 7:30 p.m.
chase of $236,000 not to exceed
of
a
Vi of 1%.
—
District Treasurer,
Bidders to
rates
1,
payment
Certificate
Kalman &
at
or
in
pressed
MINNESOTA
Paw,
3s,
the rate
May
on
interest
53
$34,500 is required.
169,
as
interest,
$453,88, payable to the City Treas¬
urer, is required.
awarded to Avelia
Meconi, of Paw
a price of par.
accrued
1964, and any
date thereafter.
expense. The
printed bonds will be paid for by
the City.
A certified check for
water
—
and
District.
bonds offered
revenue
v.
his
inclusive.
Paw Paw,
bonds
dis¬ April 27 for the purchase of $90,-
The 5100,000 reve¬
notes offered
be
schedule: $30 if called for redemp¬
water works system revenue cou¬
Note Sale
shall
cordance
for
Egelstcn Township Sch. Dist. No. 3
(P. O. Ravenna), Mich.
Otisville,
$100,000
March
Each bond called for
interest,
$2,240, payable to the City Treas¬
urer, is required.
Sharon, Mass.
Note
issue
for $388.19. Due on April
1, as follows: $4,500 from 1950 to
one
of
thereof
First State Bank of Ravenna. The
/,./
offered
entire
cept
of
check
on
Note
the
of
Denomination $1,000 and $500, ex-;
then
Village
from
ton, and will be ready for delivery
clusive.
Bidders to name the rate
on or about April 12, 1949, at said J
bank. The approving opinion of of interest, expressed in a mul- \
Storey,
Thorndike,
Palmer
& tiple of ^4 of 1%. Principal and
interest
(M-N)
payable at the
Dodge, of Boston, will be fur¬
notes
than
000
a.m.
April 12 for the pur¬
of
$400,000
notes. Dated
12,
1949.
Denomination
on
nished.
less
bonds
no
(1609)
bonds. Dated April 1, 1949.
coupon
outstanding shall be called for re¬
demption at any time prior to July
inclusive; $7,000 in 1960, and $10,-
no
a.m.
April 14 for the pur¬
$350,000 coupon street
construction bonds.
Dated May 1,
1949.
Denomination $1,000.
Due
$35,000 on May 1 from 1950 tol959
incl.
Principal and semi-annual
interest payable at the National
chase
!
fore
Shaughnessy, City Treasurer, will
receive
1951; provided that
tion on or after July 1,
1951, but
Bank, of Bos¬
before July 1, 1959; $25 if called
ton, .at 0.72%
discount.
Dated
for redemption on or after
July 1,
April 6, 1949. Due April 5, 1950..
1959, but before July 1, 1962; $20
Additional Sale
The $75,000
if
called
for redemption
on
or
tuberculosis hospital maintenance
after July 1, 1962, but on or be¬
renewal
notes
offered
on
same
fore July 1, 1965; $15- if called for
date were awarded to the Boston
redemption on or after July 1,
Safe Deposit & Trust Co., at 0.69%
1965, but before July 1, 1968; $10
discount.
Dated April 6, 1949 and
if called for redemption on or af¬
due April 5, 1950.
> - v
ter July 1, 1968, but before July
i,
1971; $5 .if called for redemption
MICHIGAN
on or after July
1„ 1971, but be¬
East Lansing, Mich.
fore July 1,
1974; and no pre¬
Bond Offering — Merwyn
mium if called for redemption on
S.
Skamser, City Clerk, will receive or after July 1, 1974. Bidders to
tion
tax
—
notes offered
ed
any one or more interest pay¬
dates on and after July 1,
ment
at
the par value thereof and accrued
Dated
Needham, Mass.
The $200,000
Note
CHRONICLE
—
$50,000 first
offered
notes
FINANCIAL
the Second National
Nov.
Na¬
high
Massachusetts
awarded
on
1, 1956.
Sale—The $425,000 tuber¬
culosis hospital maintenance notes
offered April 1 were awarded to
award¬
were
&
ject to redemption prior to ma¬
turity, at the option of the Vil¬
lage, in inverse numerical order,
demption
O.
Note
rate of 0.675%.
Note Sale—The
Shawmut Bank, of Boston,
County (P.
Worcester), Mass.
Montague Housing Authority,
ries
on Oct.
28, 1949.
highest bidder was the Na¬
tax
$250,000
Co., at 0.67% interest,
a premium of $1.00.
Due on
4, 1949. The Rockland-Atlas
tional Bank of Boston, second
a
4,
The
Worcester
Trust
bid, named
April
0.672%.
'
Safe
Dated
Due
second
Best, Coolidge & Rugg, of Boston,
be
$200,000 rev¬
offered
April 4—v.
interest.
1949.
ap¬
Gray,
Ropes,
The
—
169, p. 1495—were awarded to the
First National Bank, of
Boston, at
Merchants National Bank, of Bos¬
proving
Sale
notes
enue
the
at
COMMERCIAL
Wellesley, Mass.
Note
revenue
13,
notes
THE
for the purchase of
notes.
Dated
12
$300,000
Number 4793
-
of
serial
in inverse
numbers,
at
par
Greenwood Municipal
Separate
School District, Miss. •
Bond Sale
The $1,250,000
school bonds offered April 5—v.
—
169, p. 1496—were awarded to a
syndicate composed of the First
National Bank, of Memphis, Bank
of
Greenwood,
of
Greenwood,
Lewis & Co., of Jackson, New¬
man, Brown & Co., of New Or¬
leans, and Merrill Lynch, Fenner
&
Beane, of New York,
at a
price of 100.03, a basis of about
2.53%, as follows:
$125,000 as 4V2s.
Due on May 2
from 1950 to 1954 inclusive.
1,125,000 as 2V2s.
Due on May 1
from 1955 to 1974 inclusive.
Dated May 2,
1949.
The second
highest bidder was Leland Speed
Co., on a bid reflecting a net in¬
terest cost of about 2.58%.
54
,
chaser
Mississippi Regional Housing
Authority, Mian.
Note Sale—The $428,000 notes
offered April 7—v. 169, p. 1388—
awarded
were
Trust
to
the
$7.50,
Bessemer
notes
April 6 were awarded to
Bos¬
the Second National Bank, of
0.714%.
at
ton,
1949 and due
0.97%, plus $3.50.
April 7,
1949. The
Dated
Oct. 7,
on
Merchants National Bank of Bos¬
a
high
second
ton,
NEBRASKA
bidder,
named
100.42.
tional
ously
sold
Were
2
bonds.
$1,187,000 not
terest
Due
Due
$929.81
15, as follows:
1950, and $1,000
in
from»1951
Callable
to
on
after
or
Feb.
Dated
1955
to
except one for $762.27.
Feb.
1, 1949.
follows:
inclusive.
1970
Due
Dated
June
1948.
follows:
1,
June
1, as
in 1949; $46,000 in
1950; $50,000 in 1951; $55,000
in 1952; $90,000 from 1953 to
1956 inclusive,
and $160,000
$1,000,
Due
on
$42,000
from
clusive.
Callable
Feb.
1954
15
as
or
on
after
nation
1957
to
1970
bonds.
$1,000,
except
Principal
and interest payable at the County
Treasurer's office, or at the op¬
Denomi¬
one
tion
for $779.67. Due on Feb. 15, as
follows: $1,779.67 in 1950, and
the
of
National
holder,
at
the
Chase
New York City.
Bidders to name a single rate of
$3,000 from 1951 to 1959 in¬ interest, expressed in a multiple of
clusive.
Callable on or after
Vs or 1/20 of 1%.
The approving
Feb. 15, 1954.
opoinion of Hawkins, Deiafield &
20,000.00 3V2% water extension Wood, of New York City, will be
bonds.
Due on May 1, as fol¬
furnished to the purchaser.
A
lows: $2,000 from 1950 to 1956 certified check for
$79,600, pay¬
inclusive,. and $3,000 in 1957
and 1958.
Callable in 5
.
Bank,
able to the County, is required.
years.
Dated May 1,
istered bonds.
Denomination
$l,000f
except
$500. Due on May 1,
$2,500 in 1950, and
1951
ders to
1949,
fol¬
$2,000
as
1958 inclusive.
to
name
one
Bid¬
single rate of in¬
a
terest, expressed in i multiple of
lU or 1/10 of 1%. Principal and
interest
(M-N)
Nanuet
National
payable
Bank.
of the
of
be made at the
bonds will
office
Wood,
Deiafield
Hawkins,
York
New
of
at the
Delivery
City,
&
on
or
1, 1949. The approving
opinion of said attorneys will be
furnished to the purchaser with¬
out cost.
A certified check for
$67,000 paving district bonds. Due
/
Feb. 1,
ort
from
•
>
as
follows:
to
1951
1955
$7,000
inclusive,
and $8,000 f rom 1956 to 1959
inclusive.
•
10, 1949.
Housing Authority, N.
Note Sale—The $1,350,000 notes
offered on April 7—v. 169, p. 1388
,
—were
23,000 intersection bonds. Due on
Feb. I, as follows: $2,000 from
1951
to
1954 inclusive,
and
$3,000 from 1955 to 1959 in¬
clusive.
bonds
optional
are
after five years.
on or
f
j
♦
,
ceive
City Treasurer,
sealed
(EST)
bids
will
until
4
re¬
p.m.
April 12 for the pur¬
chase Of $200,000 notes.
Dated
April
15,
1949.
Denomination
suitable to the purchaser.
Due on
Dec.
15,
1949.
The
approving
of
Storey,
Thorndike,
Palmer & Dodge, of Boston, will
be furnished Without charge to
the purchaser. The delivery of the
notes will be made at the Na¬
tional Shawmut
Bank
of
Concord, N. H.
Bank, Concord, until
noon (EST)
April 11 for the purchase of
water
Dated April 1.
bonds.
coupon
1949.
Denomina¬
tion $1,000.
Due $10,000 on April
1 from 1950 to 1969 inclusive. Bid¬
ders to name the rate of
interest,
expressed in a multiple of % of
1%.
Principal and interest pay¬
able at the City Treasurer's office,
or' at the option of the holder at
the
National
1—v.
169,
p.
1277
l%s, at
a
price of 100.08.
Haddonfield, N. J
Bond
Offering—J. Roos Logan,
Borough Clerk, will receive
Shawmut
(EST) on
April 11 for the purchase of $75,000 not to exceed 6% interest gen¬
eral improvement and
coupon or
equipment
registered bonds. Dated
April 15, 1949.
000.
Due on
Denomination $1,April 15, as follows:
1952 to 1954 inclu¬
$5,000 from
sive; $15,000 in 1955; $10,000 in
1956; $15,000 in 1957, and $20,000
in 1958.
Principal and interest
(A-O) payable at the Haddonfield
National Bank, Haddonfield. Bid¬
ders to name a single rate of in¬
terest, expressed in a multiple of
of
Bank, of
approving opinion
Storey Thorndike, Palmer &
Dodge, of Boston, will be fur¬
ing opinion of Hawkins, Deiafield
& Wood, of New York City, will
nished the purchaser. The bonds
certified check for
.will
to the
Boston.
be
The
delivered
to
the
pur¬
y8
be
or
l/20th of 1%.
The approv¬
furnished to the purchaser. A
$1,500, payable
Borough, is required.
on
before
premium
a
thereafter
June
premium
or a
June
One Other Bid
of
3%
but
1, 1966; or
if redeemed
on
the bonds,
before
or
premium
June
2%
of
thereafter but
1986";
or
1,
if
on or
1976;
of
re¬
cost of
deemed thereafter.
Bonds
of
Publicly
Offered
—
The
City Bank and
ciates re-offered
from
their
asso¬
the bonds scaled
yield of 0.85% to a dollar
price of 95. In the opinion of bond
the bonds together with
a
interest thereon, are exempt
all taxation by the United
by
the
rate'
mem¬
Co.,
Inc.,
prich & Co., Smith, Barney & Co./
Goldman, Sachs & Co., Kidder,
Peabody & Co., Shields* & Co.,
Drexel
from
States
net
or a
Other leading
syndicate were: Blytfr
First Boston Corp.,
Harriman
Ripley
&. Co.,
Inc.,
Phelps, Fenn & Co., R. W. Press&
counsel,
the
$45,370,071.50,
2.9736%.
bers of this
Chase National Bank^and the Na¬
tional
100.0897. for
$2,897,000 5s; $8,906,000 2%s; $4,762,000 214s; $27,067,000 3s and
$4,743,000 3.20s,
reflecting a dollar net interest
before June 1,
if
the unsuccessful tender;
This group specified a price
York.
a
redeemed
premium of 1%
a
or
:
having been made by a syndicate
headed by Lehnjan Bros, of New
before
or
Submitted—The
Authority received two offers for
1, 1971; or a premium of
if redeemed thereafter but
21/2%
on
1961;
if redeemed thereafter but
or
;
&
Co., Blair & Co., Ine.
Lyncn, Pierce, Fenner
and Merrill
existing provisions
& Beane.
of the
United States Housing Act
1937, as amended and supple¬
mented, and the Internal Revenue
North Merrick Fire District
Nov. 1 from
Central
and Lodi
No.
District
Interlaken),
(P. O.
4
Y.
N.
$155,000 school,
1949 bonds offered April 6 — v.
1385 — were awarded to
Co., New York, as 1.80s, at
a price of 100.23, a basis of about
1.77%. Dated May 1, 1949. Due on
169,
p.
1950 to 1968 incl.
of
York.
and
Hempstead, Baldwin Public
Parking District (P. O.
Hempstead), N. Y.
Bids
Rejected
ceived
All
—
bids
re¬
for
$85,000 not to exceed
interest public parking 1.949
4%
bonds, offered on April 5—v. 169,
1497—were rejected.
p.
Offering
Y.r'^X X
Clerk,
bonds
office
will
be
at- the
made
of
Hawkins, Deiafield, &
Wood, of New York City, on or
about April 20, 1949.
The approv¬
ing opinion of said attorneys, will
be
furnished
to
the
purchaser
without
certified
A
cost.
for
$208.50, payable
lage, is required.
to
New York City Housing
check
the
Vil¬
Authority,
New York
Sale
Bond
—
The
$48,375,000
Housing Authority bonds,
teed
pal
as
guaran¬
to payment of both princi¬
and
interest
by
reflecting a net interest cost to the
Authority of 2.901088%. The bonds
are
divided
as
$3,138,000 5s.
follows:
Due
on
June 1 from
1951 to 1957 inclusive.
543,000 4V2S. Due on June 1,1958.
566,000 4s.
Due on June 1,1959.
589,000 3V2S. Due on June 1,1960.
2,562,000 3V4S. .Due-on June 1
from 1961 to 1964 inclusive.
6,118,000
2%s.
Due
on
on
June
1
June 1 from
1973 to 1990 inclusive.
14,721,000
2%s.
Due
on
by Hall & Co.,.*
'•
Onondaga County (P. O.
'■
-
banks, trust funds / < :
,
Syracuse), N. Y* j-r't-X
Note Offering—Oliver S.
fiduciaries, insurance com¬
Cane,
panies and all public bodies and County Auditor, will receive, in¬
public officers.
formal offers until 11. a.m.
(EST)
Syndicate Members—In addition
to
the
the
Chase
National
derwriting
lowing:
National
Bank
City Bank, the
un¬
14,
New York
June
1
from 1991 to 1999 inclusive.
Due
Y orktown,
Chicago; Salomon Bros. & Hutzler,
Securities
Corp.,
Bear,
Stearns & Co., all of New York;
First National Bank, of Portland;
Marine
Trust
Co.,
of
Buffalo;
Philadelphia
National
Bank, of
Philadelphia; Barr Bros. & Co., of
New York; R. H. Moulton & Co.,
of San Francisco; A. G. Becker &
Co;, C. F. Childs & Co., both of
New York; City National Bank &
Trust Co, of Kansas City; Hayden,
Stone
Co.,. Carl
M.
Loeb
-
,
Oct.
;;
Z
~
Bond
v
/
Heighte
Yorktown
(P.' O.
Heights), Af. Y.
"
-
Yorktown
Water Pist.
■
on
City, will be furnished
by the County,
Union
Sale—The
:
<•
-
$29,000
water,
1949 bonds offered April 7—v. 169,
p; 1497—were awarded to Geo. B.
Gibbons &
1.90s,
as
Co., Inc., of New York,
a
price of 100.18,. a
Dated-April
at
basis of about 1.86%,
1, 1949.
to?
Due
Aprill from 1950
on
inclusive.
1959
highest
bidder
The ,;s e c e nd
.Roosevelt
was
Cross, for 2s, at
price pi 110.41.,
a
NORTH CAROLINA
Rhoades &
Co., both of New York;
Also Trust Co. of Georgia, of
Atlanta, Central Republic Co. of
Chicago, W. H. Morton & Co. of
New York, Fidelity Union Trust
Co. of Newark, Green, Ellis & An¬
derson, E. F. Hutton & Co., Lau¬
rence M. Marks & Co., all of New
York, National
State Bank of
Newark, F. S. Smithers & Co. of
;
"
/
' R&ndleman, Nl C.
Bond Sale-^-The $150,000 water
and sewer bonds offered
.
April 5
169,
—v;
to
a
p.
1497—were
awarded
composed
ofFoxf
Co., of Cincinnati, H; V,
Co/ of Detroit, and
Griffin & Vaden, Inc., of Raleigh,
at a price of 100.02, a
basis of
about 3.31%, as follows: $66,000 as
3V2S, due on April 1 from 1951 to
1971 incl., and $84,000 as 3Vis, dtre
on April 1 from 1972 to 1983 inel.
group
Reusch &
Sattley
New
York, Weeden & Co of San
Francisco, Bacon, Whipple & Co.
of
Chicago,
Baker,
Weeks
&
Hardin
of
New
York, William
Blair
& ,Co.
of Chicago, J. C.
Bradford & Co. of Nashville, Paul
H. Davis & Co., Martin, Burns &
Corbett, both of Chicago, Newhard, Cook & Co. of St. Louis,
Robinson-Humphrey Co. of At¬
lanta, Schwabacher & Co. of San
Francisco, Shearson, Hammill &
Co., Robert Winthrop & Co., An¬
drews & Wells, Inc., all of New
Dated
&
April
The'second
highest
1,
bidder
dred
Co., fof $129,000
and
&
$21,000
as
1949.
was
Barcus,
3%s, at
a
Kin¬
3%s,
price Of
as
100.03.
i*
Thomasville, N, C.
•
Bond
Offering—W.' E.
Easter-
ling, Secretary of the Local Gov¬
ernment
sealed
Commission, will receive
bids
his
at
office
in
Raleigh, until 11 a.m. (EST) on
April 12 for the purchase of $500,-
& Co. of
Milwaukee,., Bartow Leeds & Co.
of New
bond
1949.
The approving opinion
Hawkins, Deiafield & Wood, of
of
Harris
W. Baird
the purchase of
anticipation* notes.
Dated April 14, 1949.
Chemical
York, Robert
for
11
$750,000
includes the fol¬
Bank & Trust
group
April
on
and
Trust
& Savings
Bank, Northern Trust Co., both of
000
York;
not
coupon
Also, Boatmen's National Bank
of St, Louis, Courts & Co. of At¬
lanta, Fahey,
Clark
& Co.
of
to
exceed
$220,000 wateF
Due
on
and
April
interest
6%
bonds, divided
as
follows:
bonds.
sewer
1,
"-
follows:
to 1965 inas
$6,000 from J951
Cleveland, Laird & Co. of Wil¬
j
elusive; $10,000 from 1966-to
mington, Rand & Co. of New
-1
1969
inclusive; and $15,000
York, Stern Bros. & Co. of Kansas
(-""from 1970to 1975 inclusive/" *.
City, Wheloek & Cummins of Des
-
Moines,
from 1965 to 1972 inclusive.
20,138,000 3s. Due
made
was
New York.
other
York;
the Village
Delivery
of
(A-O)' payable
at
office,
for 2.20s
the
Co., of New York; Halsey, Stuart
& Co., C. J. Devine & Co., of New
.
the
in
will
—
receive
sealed bids until 10:30 a.m. (EST)
on
April 14 for the purchase of
$10,425, not to exceed 4% interest
fire
apparatus. 1949 "registered
bonds.
Dated April 1* 1949. De¬
Village
ano,
all
investment
Adam Mari¬
Hillburn, N.
Bond
Legal
and
the City of
New York, bids for which were
about 1.69%, as follows:
opened on April 5—v. 169, p. 1385
$127,000 incinerator bonds.
—were
awarded
to
a
syndicate
21,000
incinerator,
Series
A headed
jointly by the Chase Na¬
bonds.
tional Bank and the National City
Dated April
1, 1949. Due on Bank, both of New York. The suc¬
April 1 from 1950 to 1959 inclu-. cessful bid was a price of 100.20
sive.
The second highest bidder for various interest
rates, a dollar
whs
Boland, Saffin & Co., for net interest cost of $44,637,837.50,
at
sealed bids until 8 p.m.
Bond Offering—Carl H. Foster,
City Treasurer, will receive sealed
bids in care of the First National
-
$200,000
April
awarded to
Schmidt, Poole
Co., of Philadelphia, as 1.70s,
a
price of 100.01, a basis of
Boston,
and will be payable at said bank.
on
—were
&
8), N. J.
Bond Sale—The $148,000 bonds
offered
L.
on
opinion
Central
Co., New
Ewing Township (P. 0. Pennington
Road and Green Lane,
;
Berlin, N. H.
Offering — Gerard
Morin,
the
Trust
York, at 0.95% interest, plus a
premium of $21. Dated May 3, 1949
and due on Nov. 10, 1949.
Trenton
NEW HAMPSHIRE
Note
to
&
,
ot said
All
awarded
Hanover Bank
of 4%
Francisco and Sulzbacher Granger
& Co. of New York.
-
State of New York, in the opinion
of bond counsel, for savings banks
School
Treasurer's
Camden
before June 1,
Hall &
Ovid
Covert,
District, is
the
to
—
Nov.
phia, J. S. Strauss & Co. of San,
plus a premium of 5% of
their par value if redeemed on or
(P. O.
Merrick), Hempstead, N. Y.r
■»
Bond Sale—The $40,000-build-Code
of
the
United
States, as
amended and supplemented, and ing bonds offered April 6—v. 169,
p. 1497—were awarded to Tilney
are
exempt from all taxation by
& Co., of New York, as 2.10s, at
the State of New York, or any po¬
a price of 100.16, a basis of 2.07%. >
litical subdivision thereof, under
Dated April 1, 1949 and due on
provisions of the Public Housing
April 1 from 1950 to 1959 inclu¬
Law, Chapter 44-A of the Con¬
sive. Second high bid of
100.07
solidated Laws of the State of New
payable
required.
$370,
Burlington Housing Authority, N. J. nomination $1,000, except one for
Note Sale
The $362,000 notes $425.
Due on April 1. as follows:
Bon# Sale Details—The $90,000 offered on
April 7—v. 169, p. 1388 $1,000 from 1950 to 1958 inclusive,
bonds purchased by Kirkpatrick- —were awarded to the Bessemer and $1,425 in 1959./ Bidders to
Pettis Co., of Omaha, as previ¬ Trust
Co., Jersey City, at 0.97% name the rate of interest, ex¬
ously noted in v. 169, p. 953, were interest, plus a premium of $8.^ pressed in a multiple of 14 or 1/10
sold as 2%s, as follows:
Dated May 3, 1949 and due on of
1%.
Principal
and interest
Sidney, Neb.
\
p.m.
on
interest apparatus coupon or reg¬
inclusive.
Denomination $1,000.
28,779.67 3% Paving Dist. No. 1,
intersection
2
April 13 for the pur¬
chase of $18,500 not to exceed 4%
Interest J-D.
15,
until
will
Bond Sale—The
follows: $1;762.27 in
1950; $2,000 from
1951
to
1953
inclusive, and
$3,000 from 1954 to 1959 in¬
on
bids
sealed
(EST)
In¬
to exceed 6% in¬
county
improvement
bonds.
Paving Dist. No. 1
Denomination
as
A-O.
terest
bonds.
1,
2,793,000 not
15,
1954.
25,762.27 3%
April
April
on
terest
inclusive.
1958
6% in¬
improvement
exceed
$40,000 from 1950 to 1952 in¬
clusive; $52,000 in 1953; $55,000 in 1954, and $60,000 from
for $929.87.
Feb.
on
to
county
bonds.
one
Secretary,
about May
lows:
Denomination
$1,000, except
April
on
$8,929.87 3% Sanitary Sewer Dist.
No.
will
noon
of
follows:
as
until
13 for the pur¬
$3,980,000 coupon or
registered bonds,, divided as fol¬
(EST)
chase
Details—The
$83,(not
$63,471.81)
various
purchased by the First Na¬
Bank, of Lincoln, as previ¬
noted in v. 169, p. 1497—
471.81
Treasurer,
bids
sealed
receive
Oshkoah, Neh.
bonds
County
Holmes,
,
Sale
receive
from
Bergen County (P. O.
Hackensack), N. J.
Bond Offering — A. Theodore
interest to date of redemp¬
crued
lows:
NEW JERSEY
$35,000 swim¬
ming pool bonds offered on April
4—v. 169, p. 1497—were awarded
to the Kirkpatrick-Pettis Co., of
Omaha, as 2V2S, at a price of
Bond
District
Sleight,
for
rate of 0.744%.
Chadron, Neh.
Sale—The
Bond
Monday, April 11, 1949
tion
Clarkstown, Nanuet Fire Dist.
(P. O. Nanuet), N. Y.
Bond
Offering — J.
Robert
Portsmouth, N. H.
$200,000
offered
CHRONICLE
FINANCIAL
&
NEW YORK
Shawmut
against payment
Sale—The
Note
series)
(10th
$100,000
and
National
Boston
in Boston funds.
0.97% interest, plus a premium of
at
the
at
of
Bank
Co., Jersey City, as fol¬
$328,000
(9th
series)
at
lows:
COMMERCIAL
THE
(1610)
*
Citizens
*
~
and
130,000 street
Southern
National Bank of Atlanta, Detmer'
& Co. of Chicago, Ellis & .Co; of
t-
«-- follows:
.
&
Co.,
all
of
New
m p r. o v e
on f
m ezn t
April- 1,
$6,000 from
1951
as
to
j
-
Johnson
i
Due
"
Cincinnati, Folger, Nolan, Inc. of
Washington, D. C., Paul Frederick
& Co., Gordon Graves & Co., R'.
H.
bonds.
1963 inclusive; $8,000 in-1964;
t
$9,000 ia 1965; $10,000 in 1966
;.,..and 1967, and $15,000 in 1968-.
150,000 park bonds. Due 011 April
=Z
1,
as
follows:*, $4,000
from
York, Seasongood & Mayer of
1951 to 1965 inclusive;- $5,000
1, 1949.
Bonds maturing on or Cincinnati, Sills, Fairman & Har¬ !v i
in 1966 and 1967, and $10,000
of
after June 1, 1957,. are redeemable ris
Chicago, Glickenhaus & Z ,
frorri 1968 to 1975 inclusive." *
prior to maturity at the option of Lembo of New York,: Mullaney, I* i
the Authority on June 1, 1956, or Wells & Co. of Chicago, E. M. "1 Dated April 1; 1949. Denomina¬
Newton & Co. of Boston, Rasffens- tion $1,000.
any interest payment date there¬
Principal and interest
after as a whole, or in part in the perger, Hughes & Co. of Indianap(A-O) payable in New York City.
inverse order of their numbers, at 'olis, Roe & Co. of San Antonio, E. Bidders to name the rate or rates
LoWber Stokes & Co. of Philadel¬ of interest, expressed in a mula redemption price of par and ac¬
All of the bonds
are
dated June
THE
Number 4793
169
Volume
&
tiple of iy4 of 1%.
The approving
opinion, of Reed, Hoyt & Wash¬
burn, of New York City, will be
furnished to the purchaser. A cer¬
1279—were awarded to the
Iron Bank, of Jackson as 4s, at a
price of par.
Dated March 15,
Clerk
1949.
will
receive
$10,000, payable
to .the State Treasurer, is required.
to 1969 inclusive.
p.m.
(CST)
check
tified
for
p.
Due
Jefferson
(P. O. West Jefferson),
Bond Sale—The $31,539.52 sani¬
Easter-
Offering—W.
ling, Secretary of the Local Gov¬
receive
sealed
bids
at
his
office
in
tary
Raleigh, until 11 a.m. (EST) on
April-12 for the purchase of $100,-
Cleveland
ernment Commission, will
•
000
to
not
interest
6%
exceed
bonds.
Dated May
Denomination
$1,000.
1, as follows: $2,000
from 1951 to 1955 inclusive; $5,000 from 1956 to 1958 inclusive;
$4",000 from 1950 to 1961 inclusive;
$3,000 from 1962 to 1966 inclusive;
$4,000 in 1967 and 1968, and $5,water coupon
1949.
1.
Due
on
May
from
000
1969
1976
to
inclusive.
Principal and interest (M-N) pay¬
able in New York City. Delivery
of
the
be made
bonds will
on
or
about May
4, 1949, at a place of
purchaser's
choice.
Bidders
to
name the rate or rates of interest,
expressed in a multiple of % 1 of
1%. i The approving opinion of
Mitchell & Pershing, of New York
City, will be furnished the
chaser.
pur¬
A certified check for $2,-
0G0, payable to the
urer
is required.
Yadkin
State Treas¬
(P. O.
Yadkinvilte), N. C.
Bond Sale—The $130,000 school
building, Series A bonds offered
April 5 — v. 169, p. 1497 — were
awarded to R. S. Dickson & Co.,
tif
County
price of 100.01-,
a basis of about 2.31%, as follows:
$22,000 as 5s, due on April 1 from
1050 to 1953 inclusive, and $108,000 as 21As, due on April 1 from
1054 to 1974 inclusive. Dated April
1,1949. The second highest bidder
Charlotte, at
March 15 from 1950
on
Ohio
Valdese, N. C.
E.
Bond
169,
COMMERCIAL
offered
1498—were
2y>s, at
Alex, Brown & Sons, for $10,000-as 6s; $45,000 as l%s, and $10,000 as 214 s, at a price of par.
assessment
April 5—v.
awarded
to
169,
the
p.
First
Corp., of Cleveland, as
price of 100.91, a basis
a
of
about 2.33%.
Dated March ),
1949.
Due on Sept. 1 from 1950
to
1959
inclusive."
highest
bidder
The
Ohio
was
Columbus, for 2y2s, at
a
School District,
Bond
Offering
of the
Okla.
Ray
Capps,
Education,
—
Board
of
sealed
bids
April
on
until
for
11
2
the
the
was
First
date
Gage,
Okla.
Bond Offering—C. I. McMillian,
Town Clerk, will receive bids un¬
til 8 p.m. (CST) on April 12 for
the purchase of $45,000 not to ex¬
ceed 5% interest
bonds, .divided
as
follows:
the
Ohio
bonds.
Due in
was
Weil, Roth & Irving Co., for 3s, at
price of 101.12.
bid is
Offering
City Auditor,
bids
until
tion $2 600.
from
ders
1949
to
are
receive
will
1,
Due $2,600
to
the rate
or
of
part of
an
au¬
$3,000,000.
In¬
terest M-N.
The approving opin¬
Winfree, McCulloch, Shuler
& Sayre, of Portland, will be fur¬
ion of
nished
to
the
purchaser.
A
cer¬
tified check for 2% of the amount
of bid, payable to the City, is re¬
quired.
Due
The
1952
to
1959
highest
Edwards, Inc.
inclusive.
bidder
was
R.
J.
100.27.
Cambria County (P. O.
Ebensburg), Pa.
Bond
County Sch. Dist. No. 1
(P. O. Eugene), Ore.
Sale—The
Bond
bonds
offered
The $222,000 re¬
funding bonds offered April 5—
169,
v.
1.79%.
on
Dated April 1, 1949. Due
April 1 from 1951 to 1961 in¬
Marion
second highest bid¬
Halsey, Stuart & Co.,
Fauset, Steele & Co., jointly,
2s, at a price of 101.08.
for
Derry
Bond
Marquam), Ore.
$75,000 school
offered
March
1387—were
State
31—v.
awarded
Treasurer,
2y>s,
as
169,
to
the
at
from
1
second
•
1952
to
highest
1959
bidder
for
$45,000 2V2s, at
incl.
Pa.
$15,000 school
April 4—v 169, p.
ningham & Co., of Pittsburgh, as
2%s, at a price of 101.13.
The
second highest bidder was
Singer,
Deane
&
Scribner, for 2%s, at
a
price of 100.80.
Downington, Pa.
Offering—Edwin B. Wag¬
Borough Secretary, will re¬
.
Bond
ner,
ceive
sealed
bids
was
$30,000 2%s, and
a price of 100.06,
basis of about 2.55%.
a
Dist.,
a
price of 100.58, a basis of about
2.40%. Dated April 1,, 1949. Due on
April
Sch.
Sale—The
offered
1279—were awarded to S. K. Cun¬
(P. O.
Sale—The
Bond
p.
bonds
and Clackamas Counties
School District No. 67J
The
was
and
tional Bank, of Portland.
1387—were awarded to
p.
Co., Inc., Butcher & Shererd, and Janney & Co., both of
Philadelphia, jointly, as 2s, at a
price of 101.31, a basis of about
der
$50,000 school
April 1 were
—
Blair &
awarded to the United States Na¬
bonds
Sale
clusive.
Lane
The
highest bidder was Butcher
Sherrerd, for 2V2s, at a price of
the
prospectus.
Portland,
Sch.
second
rates of
with
the
1950 to 1970 inclusive.
1,
certified
from
Bid¬
pay¬
May
A
29.
interest cost of about 1.78%.
Dec. 1
inclusive.
1958
name
on
interest
after
election
Davis, of Tulsa, and Calvert &
Canfield,
of
Oklahoma
City,
jointly, on a bid reflecting a net
Denomina¬
1949.
&
the
at
Dist., Okla.
$160,000 build¬
ing bonds offered April \—v. 169,
p. 1498—were awarded to Evan L.
noon
may
accordance
issue
from
bonds
required.
Shawnee
(EST) on
April 23 for the purchase of $26,000 2% special assessment bonds.
June
bonds
Brideport National Bank, as
l%s, at a price of par.
Dated
April 15, 1949.
Due on April 15
second
the United States National Bank,
Bond Sale—The
Granville M.
—
Cook,
sealed
Dated
These
Polk
Rocky River, Ohio
Bond
in
55
to the
Due
to
1950
These bonds
years.
check for 2% of the amount of the
a
any
or
stated
The
March
on
on
on
in
thorized
$1,000.
from
-
10
authorized
were
held
bidder
bonds, divided
$9,000 water works system bond.
3,000 fire fighting equipment
Dec. 1 from 1950 to 1969 inclusive.
highest
April 12 for
$12,000 not to
1
The
1954,
on
follows:
as
Dated
second
(CST)
purchase of
p.m.
exceed 4% interest
April 1, 1949. De¬
nomination $1,000. Due $5,000 on
The
5
inclusive.
terms
Bond
$100,000 fire
station, bonds offered April 4—v.
169, p. 1279 — were awarded to
Pohl & Co., of Cleveland, as 3s, at
a price of
101.32, a basis of about
2.88%.
1959
Kingston, Okla.
Offering — W. B. Evans,
Town Clerk, will receive bids un¬
highest
Cleveland
The
—
May
on
be redeemed
til
Parma,
Sale
Denomination
ment
A cer¬
tified check for 2% of the amount
bid is required.
Corp., Cleveland.
Bond
1949.
$200,000
Oct. 15 from 1950 to
on
1974 inclusive. The second
bidder
000.000 not to exceed 6% interest
general obligation water and elec¬
utility bonds.
Dated May 1,
clusive, and $2,000 in 1958.
$30,000 sewer system bonds. Due
$1,500 from 1954 to 1973 incl.
15,000 park system bonds. Due
Miami Twp. Local Sch. Dist. (P. O.
$1,000 from 1954 to 1968 incl.
R. 2, Zion Road, Cleves), Ohio
Bond Sale—The $37,500 build¬
These bonds were authorized at
ing bonds offered April 4—v. 169, the election held on March 22. A
certified
check
for
p. 1279—were awarded to Pohl &
2%
of
the
Co., of Cincinnati. Dated April 15, amount of the bid, is required.
1949. Due
(1611)
tric
purchase of $20,000 building bonds.
Due $3,000 from 1952 to 1957 in¬
second
Co., of
price of
CHRONICLE
100.39.
a
was
special
sewer,
bonds
Blair
FINANCIAL
County School District No. 2
(P. O. Dallas), Ore.
(EST)
until
8
p.m.
April 20 for the pur¬
chase of $100,000 sewer coupon
bonds.
Dated May 1, 1949.
De¬
nomination $1,000. Due $5,000 May
1, from 1950 to 1969 inclusive. Bid¬
on
ders to
the rate
of interest,
multiple of Va of
Offering—Gayle Kreason,
approving opinion of
District Clerk, will receive sealed
Townsend, Elliott & Munson, of
bids until 8 p.m. (PST) on April
Philadelphia, will be delivered to
18 for the purchase of $250,000 not the
purchaser free of charge. A
Bond
to
exceed
bonds.
6%
interest
school
Dated
April 1, 1949.
De¬
nomination $1,000. Due on April 1,
as follows: $8,000 in 1950 and 1951;
$9,000 in 1952 and 1953; $10,000 in
name
expressed
1%.
The
in
a
certified check for 2% of the face
the
of
amount
bonds, payable to
Treasurer,
is re¬
the
Borough
quired.
Montgomery County Housing
1955; $11,000 in 1956 and
Authortity, Pa.
1957; $12,000 in ,1958 and 1959;
Note^ Sale—The $537,000 notes
$13,000 in 1960 and 1961; $14,000
$500 is required... ^1.,^
±ALakota, N. Dakr
offered on April _7—v..~ 169,
Albany, Ore. - * '
p.
in 1962 and 1963; $15,000 in 1964
Bond Sale
The $25,000 light Streetsboro Local School
Bond Sale
1388—were awarded to the Besse¬
The $185,000 fire and
District,
1965; $17,000 in 1968 and 1969.
plant revenue bonds offered on
Ohio
mer
hall
bonds
Trust
offered
Co., Jersey City, at
April
1—v. Principal and interest (A-O) pay¬
MmPh ^?
were : awarded
to
the
Bond Sale—The $35,000 build¬
169, p. 1386—were awarded to able at.the County Treasurer's of¬ 0.97% interest, plus a premium of
State Bank of Lakota, as 4s, at a
ing bonds offered April 4—v.-169, Blyth & Co., of Portland, at 98.81, fice. Delivery of the bonds will $14.
Dated May 3, 1949 and due
price of par.
on Nov.
p.
1386—were
awarded
to
the a basis of about 2.17%, as follows: be made at the
10, 1949.
.
County Treasurer's
First Cleveland Corp., of Cleve¬ $109,000 as 1 %s, due on Jan. 2
office.
A certified check for 5%
OHIO
Venango Township (P. O.
land, as 2v2s, at a price of 100.76, from 1951 to 1956 inclusive; $38,- of the amount of the bid,
payable
Wattsburg, R. D.
Coshocton, Ohio
a
basis
of
about
2.96%. Dated 000 as 2s, due on Jan. 2, 1957 and to the
District, is required. (These
No. 1), Pa.
Bond Offering—Norman II.
April 15, 1949. Due on Nov..'15 1958, and $38,000 as 214s, due on are the bonds offered on Jan.
24,
Lewis, City Clerk, will receive from 1950 to 1969 inclusive. The
Bond Sale—The $17,500 general
Jan. 2, 1959 and 1960. Dated May the sale of which was cancelled.)
sealed bids until noon (EST-)"on
obligation bonds offered April 4
second highest bidder was Season- 2, 1.949.
The second highest bid¬
April 20 for the purchase of $55,000
good & Mayer, for 234s, at a price der was the First National Bank, Polk County School District No. 4 —v. 169, p. 1387—were awarded
3%
street
to
improvement,
Spec. of 100.78.
(P. O. Eola), Ore.
Fauset, Steele & Co., Pitts¬
of Portland, for $185,000 as 2s,
Assmt. bonds.
Dated May 1, 1949.
Bond Sale—The $10,000 school
burgh, as 3V2s, at a price of 100.27.
Bonds Not S<dd
The $85,000 at a price of 98.20, a basis of about
Denomination
bonds offered March 31—v. 169,
$1,000.
Due
on
3%
Willistown, Township Sch. Dist.
building bonds offered on 2.28%.
•\t;
1, as follows: $6,000 from
p.
1387—were
awarded
to
the
same
date were not sold due to
(P. O. Paoli), Pa.
Columbia County School District
!
to 1954 inclusive; and $5,000
State Treasurer.
Dated April 15,
an
error
in the printing of the
Bond Sale
The $50,000 im¬
No. 20 (P. O. Goble), Ore.
v./ ;
1955 to 1959 inclusive. Bid1949.
Due $500 on April 15 from
bond call notice. The bonds will
: ,'i,
to name the rate or rates of
| Bond Sale — The $41,000 school 1950 to 1969 inclusive. The sec¬ provement bonds offered April 4
be reoffered on May 2.
/.
—v.
bonds offered April 4—v. 169, p. ond
169, p. 1387—were awarded
-wrest, expressed in a multiple
highest bidder was Fordyce &
to
1386—were awarded to Blyth & Co.
Union Local Sch. Dist.
\ji
Schmidt, Poole & Co., and
V4 of 1%.
Interest M-N. The
(P. O.
Aspden, Robinson & Co., both of
Tunnel Hill, Rt. 1), Ohio
Co., of Portland, as follows:
approving
opinion
of
Squire,
Polk County School District No. 7
Philadelphia, jointly, as l%s, at a
Sanders & Dempsey, of Cleveland,
; Bond Sale—The $35,000 school $12,000 4V2s. Due on April 15 from
(P. O. Dallas), Ore.
price of 100.19, a basis of about
1950 to 1953 inclusive.
together with the printed bonds, addition bonds offered April 6—
Bond Offering — Grace Dixon,
1.59%.
Dated May 1, 1949.
will be furnished at the expense v. 109, p. 1386—were awarded to
Due
29,000 3s. Due on April 15 from
District Clerk, will receive sealed on
May 1 from 1951 to 1960 in¬
of the City.
1954 to 1962 inclusive.
A certified check for Haydert, Miller & Co., of Cleve¬
bids until 8 p.m. (PST) on April clusive.
$800, payable, to the City Auditor, land/as 2%s, at a price of 101.44,
All of the bonds are dated April 18 for the
purchase of $28,000 not
a
is required.
basis of about 2.62%.
Dated
•
!
!
15, 1949.
to
exceed 6%
interest school
RHODE ISLAND
May 1, 1949. Due on Nov. 1 from
Delaware City School District,
bonds.
Dated April 1, 1949. De¬
Dallas, Ore.
1950 to 1974 inclusive. The sec¬
Newport, R. I.
nomination $1,000. Due on April
Ohio
Bond Offering — W. Blackley,
ond highest bidder was Pohl &
__Bond Sale—The $250,000 notes
Bond Offering — Jean
Virtue,
City Auditor, will receive sealed 1, as follows: $1,000 from 1950 to
Co.,. for 2%s.
offered April 5—v. 169, p. 1499—
Clerk- of the Board of
inclusive, and $2,000 from
bids until 8 p.m. (PST) on April 1961
Education,
were
awarded to the First Na¬
will receive sealed bids until noon
-Vinton Local Sch. Dist., Ohio
1962 to 1969 inclusive. Principal
18. for the purchase of $175,000
tional Bank of Boston, at 0.89%
(EST) on April 20 for the pur¬ ! Bond Sale—The $31,500 build¬ not to exceed 3 V2 % interest water and interest (A-O) payable at the
discount.
Dated
April 5, 1949.
chase'of $325,000 not to exceed 3%
ing bonds offered March 23—v. reservoir bonds. Dated
May 1, County Treasurer's office. Deliv¬ Due on Oct.
28, 1949.
interest
building bonds. Dated 169, p. 1279—were awarded to the 1949.
ery of the bonds will be made at
interest, expressed
NORTH DAKOTA
of 14 of 1%.
in
a
multiple
A certified check for
/
'OREGON
J
;
%
1954 and
.
„
—
—
„
—
,
—
,.
,
.
.
-
..
"
Denomination
Feb.
009.
1,
1949.
Due
Denomination
Nov.
on
1,
follows:
1954 inclu¬
as
$14,000 from 1950 to
sive, and $15,000 from
1'971
the
inclusive.
rate
or
pressed in
Bidders
rates
of
$1,-
1955
to
to
name
interest,
Commercial
Savings Bank,
Gallipolis, as 21/2S, at a price of
par. Dated March 1, 1949. Due on
May and Nov. 1 from 1951 to
1969
inclusive.
ex¬
a
the
First National
Bank,
Delaware.
These are the bonds
authorized at the general election
held on Nov. 2, 1948. The approv¬
ing c pinion of Bricker, Murburger, "Evatt & Barton, of Columbus,
will be furnished to the purchaser
without
for
charge. A certified check
$3,250, payable to the Board
of Education
is
required.
Hamilton
Twp. Local Sch. Dist.
(P. O. Jackson), Ohio
Bond Sale—The $10,000 build¬
ing bonds offered March 30—v.
Bond Offering
Clerk,
will
$1,Q00.
Due
follows: $8,000 from
1956
from
—
Jas. N. King,
receive
sealed
$33,000 from
1952
to
inclusive, and $29,000 in
1969.
200,000 limited access bonds. Due
$11,000 from 1952 to 1968 in¬
clusive and $13,000 in 1969.
A certified check for 2% of the
amount of the bid is
The bonds
call
required.
that
mature
on
May 1, 1955, are subject
redemption at par
and
on May
1, 1954, and on any interest date
thereafter.
Interest
M-N.
The
approving
opinion
of
Winfree,
McCullocb, Shuler & Sayre, of
Portland, will be furnished by the
City to the purchaser.
A certi¬
check
for
$3,000, payable to
the City, is required.
Eugene, Ore.
■
Bond
tel,
County Treasurer's office.
certified
value and accrued interest
fied
the
check
for
5%
of
A
the
inclusive; $9,000 from
amount bid, payable to the Dis¬
to
1961
inclusive; $10,000
1962 to 1965 inclusive, and trict, is required.
and after
bonds, divided as follows: •<
$590,000 water extinguisher bonds.
1968
as
1950 to 1955
to
bids until 2 p.m. (CST) on April
12 for the purchase of $790,000
Due
May 1,
sive.
Ada, Okla.
City
on
$11,000 from 1966 to 1968 inclu¬
OKLAHOMA
multiple of lU of 1%.
Principal and interest (M-N) pay¬
able at
and
of
City
Recorder,
will
School District
No. 5 (P. O. Echo), Ore.
Bond Sale—The $80,000 school
bonds offered April 1—v. 169, p.
1387—were awarded to the State
receive
(PST) on
April 18 for the purchase of $2,-
offered
Dated June 1, 1949.
Due on June
1 from 1950 to 1959 inclusive. The
second
highest
bidder
was
the
United States National Bank, of
Pendleton, for 2*£s, at a price of
100.23.
Bridgeport, Pa.
Bond Sale—The $70,000 funding
and refunding bonds offered April
5—v 169, p. 1387—were awarded
Sale—The
April 1
$250,000 notes
awarded to
were
the Industrial Trust Co. of Provi¬
dence, at 0.83% discount. The sec¬
ond highest bidder was the First
National
Bank,
of
'Boston,
at
0.84%.
SOUTH
Treasurer, as 2y2s, at a price of
100.51, a basis of about 2.40%.
PENNSYLVANIA
Offering—Henry F. Beis-
sealed bids until 2 p.m.
Umatilla County
Westerly, R. I.
Bond
CAROLINA
,Dillon, S. C.
Bond
Sale—G.
H.
Crawford
&
Columbia, recently pur¬
chased
$60,000 combined Water.
Works
and Sewerage
System
bonds, divided as follows:
Co.,
of
$16,000
2y4s. Due Feb. 1, as fol¬
in 1950 and 1951,
$3,000 from 1952 to 1955
lows: $2,000
and
inclusive.
26,000
1, as fol¬
$3,000 in 1956 and 1957,
2y>s. Due Feb.
lows:
56
1958 to 1982
and $4,000 from
inclusive.
.
1
June 1, 1955, and
on
thereafter, shall be callable for re¬
Feb. 1, as follows: $4,000 in 1963 and 1964,
and $5,000 in 1965 and 1966;
18,000 2%s. Due
1
which mature
demption at the option of the City
in
inverse
numerical
order
on
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(1612)
The District without cost to the pur¬
approving opinion of Chapman &. chaser. A certified check for 2%
Cutler, of Chicago, will be fur¬ of the amount bid, payable to tha
Frist National Bank, Sparta.
without
nished
cost
the
to
pur¬
thereafter on chaser.
All of the bonds are dated Feb. any interest payment date, prior
TEXAS
to maturity, at par and accrued in¬
1, 1949. Denomination $1,000. All
terest to the date fixed for re¬
Brooks County (P. O.
of said bonds maturing subsequent
demption plus a premium of $30
Falfurrias), Texas
to Feb. 1, 1951, are subject to re¬
for each bond so redeemed on or
Bond Sale—The $54,000 airport,
demption at the option of the
Series 1949 bonds offered April 1
prior to June 1, 1959; a premium
Town on said date, or any subse¬
of $20 if redeemed thereafter and —v. 169, p. 1499—were awarded
quent interest payment dgte. Prin¬
prior to maturity. Bidders to name to Dittmar & Co., of San An¬
cipal and interest payable at the
;
Bank
Hanover
Central
&
Trust
June
the
rate
interest,
of
rates
or
ex¬
pressed in a multiple of
of 1%.
Interest J-D. The approving opin¬
Co., New York. In the opinion of
counsel, the proceedings taken in
ion of Chapman and Cutler,
of
connection with this issue show
Chicago, will be furnished. A cer¬
lawful and proper authority and
tified cheek for 2% of the amount
and legal obliga¬
valid
constitute
the
tions
of
able,
both
to principal and in¬
from revenues de¬
the operation of the
from
system. Legality approved by
Huger Sinkler of Charleston.
Bond
De Smet,
S. Dak.
Offering—The City Au¬
ditor will receive sealed bids un¬
Bond
May
000
I,
1967
$32,000
to 1954
1951
inclusive.
Point
Elk
Bond
Point,
2V2s, at a price of
as
l>ar. Dated March 1, 1949. Due on
March 1 from 1950 to 1953 inclu¬
sive.
South Dakota
-
at the op¬
in inverse nu¬
May 1, 1958, or
redemption
for
tion of the County
on
interest payment date there¬
prior to maturity, at par and
accrued interest.
Principal and
after
obligation bonds offered March 29
—v.
169, p. 1280—were awarded
to the Bank of Union County, of
Elk
$50,000 from
inclusive, and $40,All bonds are call¬
1973
1974.
(State of)
Wilson,
Bond Offering—John D.
interest
payable at the
Union Bank, Nashville.
(M-N)
Commerce
Dated April 15, 1949.
April
on
from
15
1950
Due
to
1961
inclusive.
Authority,
Housing
Texas
Sale—The
Note
offered
$308,000
April 7—v. 169,
awarded
the
to
notes
1388—
p.
Bessemer
Trust Co., of Jersey
City, at 0.96%
interest, plus a premium of $8.50.
Dated May 3, 1949 and due 011
Nov.
Offering—Bryan
Adams,
Secretary of the Board of Educa¬
tion, will receive sealed bids until
7:30 p.m. (CST) on April 12 for
purchase of $3,990,000 not to
interest improvement,
exceed 3%
Series 1949
bonds.
Dated May
Denomination
1949.
$1,000.
1,
Due
follows: $170,000 in
1950, $174,000 in 1951, $180,000
in 1952, $185,000 in 1953, $192,000
in 1954, $199,000 in 1955, $202,000
in 1956 $209,000 in 1957, $215,000
May
1,
as
in
1958, $221,000 in 1959, $228,000
1960, $237,000 in 1961, $244,000
1962, $252,000 in 1963, $260,000
in 1964, $266,000 in 1965, $274,000
in
1966, and $282,000 in
1967.
Principal and interest (M-N) pay¬
mul¬
in
expressed
interest,
a
Secretary-Treasurer of the State
Cement Commission, will receive check for
$7,800, payable to the
sealed bids until 11 a.m. (CST) on
County Treasurer, is required.
April 21 for the purchase of $1,Paris, Tenn.
500,000 not to exceed 2^2% in¬
Bond Offering—Philip Watson,
terest Cement Plant general obli¬
receive sealed bids
(CST) on April 13
purchase of $300,000 not
will
able
at
First
the
National
Bidders to
Dallas.
name
Bank,
the
rate
interest, expressed in a multiple
of y4 of 1%.
The approving opin¬
ion of the State Attorney-General;
Parkhurst & Crowe, of
and Vandewater, Sykes,
Galloway, of New York
City, will be furnished the pur¬
to
name
the rate
or
rates of inter¬
est, expressed in a multiple of V\
or
1/10 of 1%. The approving
opinion of Faegre & Benson, of
Minneapolis, and Chapman & Cut-
tion
1, 1948.
Denomina¬
Due June 1, as fol¬
$17,000 in 1951, $18,000 in
$19,000 in 1953 and 1954,
$20,000 in 1955, $21,000 in 1956
and 1957, $22,000 in 1958 and 1959,
$23,000 in 1960 and 1961, $24,000
in 1962, $25,000 in 1963, and $26,-
merical order
TENNESSEE
Anderson
County
on
Clinton), Tenn.
liond
Offering
—
T.
L.
>
Seeber,
on
interest
any
thereafter
(P. O.
on
30
of
called
June 1,
1954, or
payment date
days' published
June
000
each
to
exceed
3%
interest
school bonds. Dated April 1, 1949.
Denomination $1,000. Due on April
$40
for
each
bond
1; 1954 or Dec. 1,
The premium payable for
on
1954.
bond
redeemed
thereafter
shall decrease at the rate of $5 for
each calendar year. Principal and
follows: $10,000 in 1959; $20,- interest
(J-D)
payable at the
1961; $50,- Guaranty Trust Co.,. New- York
$00 from 1962 to 1965 inclusive, City.." Bidders to name the rate
and $30,000 in 1966. Principal and of
interest, expressed in a mul¬
interest
(A-O)
payable at the tiple of V4 of 1%. The approving
Union Peoples Bank, Clinton. Bid¬ opinion of
Chapman & Cutler, of
ders to name the rate or rates of
Chicago, together with the com¬
interest, expressed in a multiple of pleted bonds, will be furnished to
% of 1%. The approving opinion the purchaser without cost. / A
of Chapman & Cutler, of Chicago, certified check for
$6,000, payable
will be furnished, together with to the
City Treasurer, is required.
the printed bonds, by the County
Ripley, Tenn.
without cost to the purchaser.- A
1,
as
000 in 1960; $40,000 in
Bonds Sold—An issue of $30,000
certified check for
to the
$6,000, payable
County Trustee, is required.
funding
the
Columbia, Tenn.
Bond Offering — Herman F.
Roach, City Recorder, will receive
sealed bids until 11 a.m. (CST) on
April 20 for the purchase of $300,000
not
electric
to-'exceed
4%
interest
system revenue, series B
bonds. Dated Dec. 1, 1948. Denom¬
ination $1,000. Due on June 1, as
follows:. $13,000 in 1951 and 1952;
$14,000 in 1953 and 1954; $15,000
from-1955 to, 1957 inclusive; $16.000 in 1958 and 1959; $17,000 in
1960 and 1961; $18,000 ih 1962 and
bonds
Bank
of
has
been
Ripley.
sold
Due
to
from
1950 to 1955 inclusive.
White
County (P. O.
Sparta), Tenn.
Bond Offering — S. G. Butler,
County Judge, will receive sealed
bids until 11 a.m. (CST) on April
22
for the
purchase of $80,000
not
to
exceed
3%
interest
road
and
1,
bridge bonds. Dated April
1949. v Due on April 1, as fol¬
lows: $5,000 from 1950 to 1967 in¬
clusive and $10,000 from 1958 to
1961
inclusive.
■
Bidders to
name
1963; $19,000 in 1964 and 1965; one rate of interest, expressed in
$20,600 in-1966 and 1967, and $21.- a multiple of y4 of 1%. Principal
000 in 1968.
All of the bonds and interest (A-O) payable at the
at
bonds
are
part of
of
$9,900,000 authorized
election held on Aug. 26,
an
A certified
water
5%
exceed
nomination $250. Due
bonds.
Dated May 1, 1949.
follows: $30,000 from 1950
inclusive, and $35,000 from
1960 to 1969 inclusive. Principal
and interest (M-N) payable at the
City Treasurer's office. Bidders to
name the rate or rates of interest,
expressed in a multiple of 1/20
of 1%. The approving opinion of
1,
as
to 1959
King & Dawson, of New
York City, will be furnished to
the
purchaser without cost.
A
certified check for $13,000, pay¬
able to the City Treasurer, is re¬
$250 on
April 1 from 1950 to 1969 in¬
clusive.
interest
Denomination $1,000. Due on. May
(CST)
5,000 sewage disposal bonds. De>
improvement, Series of 1949
coupon
inclusive.
At 8:15 P. M.
April 20 for the purchase of $650,-
Dated
on
ject
April 1, 1949. Bonds due
April 1, 1952, sub¬
after
or
redemption
to
interest
accrued
at
plus
par
inverse
in
nu¬
merical order.
Legality approved
by Attorney-General. A certified
check for
$250, for each issue,
payable to the Village, is required.
•
CANADA
Wood,
Bills Sold
An issue
sold
Va.
Royal,
—
$75,000,000 Treasury bills was
on
April 7 at an average
of
1949 and due on
Front
of)
Canada (Dominion
Treasury
Dated April 8,
yield of 0.489%.
quired.
July 8, 1949.
ALBERTA
Sale Details—The $90,000
Bond
Edmonton, Alta.
Debenture Sale — A syndicate
21/2% general improvement bonds
Charlottesville, on a bid re¬
a
net interest cost of
about 2.44%, as previously noted
in v. 169, p. 852—were sold at a
price of 100.58.
check for $79,-
quired.
for the
$2,131,000 notes
April 7—v. 169, p. 1388
offered
on
awarded to the Bessemer
Co.,
Jersey City, at 0.94%
interest, plus a premium of $34.
Dated May 3, 1949 and due Nov.
10, 1949.
Salomon Bros. & Hutzler, of New York, bid a rate of
0.97% for $1,131,000, plus a-pre¬
mium
Joint
No.
—were
Trust
of
$15, and 0.96% for $1,000.000, plus a premium of $14.
Midland
County (P.
Midland), Texas
$110,000
school bonds purchased by
William P. Harper & Son & Co.,
National
Seattle, on
net
follows:
interest
reflectinga net
about 1.88%. * West
{•'
cost
of
1951
30,000
..
Sch. Dist.
(P. O. Orange), Texas
Bond Offering—T. O. Landrum,
Board of Trus¬
Secretary*of the
tees, will receive sealed bids un¬
til
(CST) on April 19
purchase of $200,000 not
to
exceed
3y2%
interest school
bonds.
Due on May 1, as fol¬
lows:
$6,000 from 1950 to 1953
inclusive; $7,000 from 1954 to 1958
inclusive; $8,000 from 1959 to 1964
inclusive; $9,000 in 1965 and 1966;
$24,000 in 1967; $25,000 in 1968,
and $26,000 in 1969.
Any and all
bonds maturing on or after May
7:30
for
1,
1959,
ical
2V2s.
Due on May
1958 to 1962 inclusive.
as
or
interest bearing
any
accrued
at
a
price of
interest.
Prin.
par
and
and
int.
Due
234s.
as
1
15
Sale
,
Sale
Bond
—
bonds offered
awarded
to
March 31 were
City,
134 s,
as
at
a
price of par. Dated Dec. 15, 1948.
Denom. $1,000. Due Dec. 15, as fol¬
$3,000 from 1949 to 1955 in¬
clusive, and $4,000 in 1956. Prin¬
cipal and interest (J-D) payable
at
the Town Treasurer's office.
The bonds were
authorized at
election in August,
Eau
will
until
for
to
10
a.m.
(CST)
bids
April 15
purchase of $350,000 not
3% interest bonds, di¬
the
exceed
vided
as
$250,000
follows:
school
,
-
to
on
building
May
lock &
3y2s, at
June
Co., of Toronto, as 3s and
a price of 100.37. Due on.
20
1949
from
in¬
1963
to
SASKATCHEWAN
D.
R,
Acting
City
Commis¬
sioner, will receive sealed tenders
until noon (MST) on April 11 for
the purchase of $867,000 deben¬
tures, divided as follows:
$384,000
3y4%
improvement
denbtures. Due from
1969 inclusive.
engine house bonds.
$5,000 on May 1 from
1950 to 1969 inclusive.
improvement
344,000 3y2%
bentures.
Due
from
de¬
1960
to
1969 inclusive.
139,000 334%
bentures.
improvement
Due
from
de¬
1970
to
1979 inclusive.
Due
(M-N) payable at a bank to be
Dated May 1, 1949.
Denomina¬
designated by the successful bid¬
der.*/The aproving opinion of a tion $1,000. Principal and interest
nationally recognized bond attor¬ ;(M-N) payable at the Union Na¬
ney,
together with the printed tional Bank or at the American
bonds, will be furnished by the National Bank & Trust Co., both
de-
1950 to
1959 inclusive.
bonds.
1,-as
100,000 fire
to
offered March
Bell, Gouin-
awarded to
cluding.
-
follows:
$13,000 from 1950 to 1959 in¬
clusive, and $12,000 from 1960
Due
were
Phillips,
Oien, City
on
17
—
bonds
Saskatoon, Sask.
Offering —
sealed
receive
Kamloops, B. C.
The $95,000 im¬
Sale
Bond
provement
Debenture
Wis.
Bond Offering—O. E.
Clerk,
March
to McMahon &
an
1948.
Claire,
bonds offered
to 1958 inclusive.
1949
the First State Bank,
Fountain
of
B.C.
$18,500 im¬
The
awarded
were
The $25,000 road
on
—
Burns, of Vancouver, as 3y4s, at a
price of par. Due on Dec. 1, from
Cross (P. O. Fountain City,
R. F. D. No. I), Wis.
■
COLUMBIA
Cranbrooh,
Bond
dated
are
Interest M-N.
1949.
BRITISH
May 1
on
the. debentures
March 15,
provement
p.m,
order
1 from
*
inclusive.
All
Due on May
1957 inclusive.
to
clusive.
2,211,000 3.10% debentures. Due
on
May 1 from 1961 to 1964
v
.
;
WISCONSIN
the
date thereafter in inverse numer¬
,,
*
Due
,
^
2,800,000 3% debentures. Due on
May 1 from 1956 to 1960 in¬
from 1964 to 1969 inclusive.
lows:
Orange, Indep.
,
„
$32,000 as 2s.
Moss, Moore & Co., both of Dallas,
April 15, 1949.
Due in 10 years.
The second highest bidder was the
Midland National Bank, on a bid
about 2.56%,
of
previously noted in v. 169, p.
1388—were sold at price of par,
48,000
jointly, on a bid reflecting a net
interest cost of about 1.81%. Dated
cost
interest
from
and
bid reflecting a
a
as
O.
Bank,
t
,
$560,000 2%%
debentures.
on May 1, 1955.
...
of
$150,000 road
improvement bonds offered April
169, p. 1499—were awarded
First
debentures:
Details—The
Sale
Bond
*5—v.
the
3
Washington
Sale—The
Bond
to
Sch. Dist.
(P. O. Yakima),
County Con.
Authority, Texas
Note Sale—The
Boston
First
the
of
Co., all of Toronto, acting as agent
City, has placed privately,
the following $5,571,000 refunding
WASHINGTON
Yakima
.
Houston Housing
to the date of redemption, plus a
premium
not
issue
notice at par and accrued interest
County Judge, will receive auc¬
bids until 11 a.m. (EST) on
May 12 for the purchase of $300,tion
These
chaser.
an
1952,
J.er, of Chicago, will be furnished 000 in 1964. All bonds maturing
by the Commission without ex¬ on or after June 1, 1955 shall be
pense* to the purchaser.
A certi¬ subject to redemption at the op¬
fied check for $30,000 is required/
tion of the City in inverse nu¬
sive, and $1,000 from 1962 to
1968
en,
City Manager, will receive
sealed bids until noon (EST) on
$1,000.
lows:
$500 from 1951 to 1961 inclu-
Va.
Offering—James E. Bow-
to
bonds.
ext.
works
Denomination $1,000 and $500.
Due on April 1, as follows:
!
800, payable to the District, is re-?
bonds.
$12,500 water
Storey, Thorndike,
Boston.
VIRGINIA
not
-
At 8 P. M. (CST)
Palmer & Dodge, of
000
follows;
as
Corp., Harriman, Ripley & Co.,
Inc., Smith, Barney & Co. of New
York, Dominion Securities Corp.,
A. E. Ames & Co., Wood, Gundy &
Co. and McLeod, Young, Weir &
1947.
1948
vided
composed
tem
Series
Village Clerk, will receive sealed
bids until April 12 for the pur¬
of $17,500 2M>% bonds, di¬
chase
flecting
to exceed 4% interest electric sys¬
Dec.
to
Lone Rock, Wis.
Offering—C. L. Weigley,
Bond
purchased by C. F. Cassell & Co.,
for
revenue,
1,
of
April 1 from 1950 to 1959 inclu¬
All bonds maturing in 1955
to 1959 being subject to redemp¬
tion on April 1, 1954, and any in¬
terest payment date thereafter at
par and accrued interest. Bidders
Dated
Chicago, will be furnished to the
the expense of the
City.
The purchaser shall fur¬
nish
the
printed bonds at his
own
expense.
A certified check
for $10,000, payable to the City
Treasurer, is required.
Due
1957
by
the rate
name
expressed in a multi¬
McCall,
on
the
April
$1,000.
as
approved
Bidders to
of interest,
Dallas,
sive.
a.m.
1,
to
1958
*
Heckler &
Mayor,
11
dated
are
follows: $1,000 from
inclusive;
$10,000
1963 inclusive, and
$7,000 in 1964. Principal and in¬
terest payable at the
First Na¬
tional Bank of Boston.
Legality
April
of
gation bonds. Dated April 1, 1949.
Denomination $1,000. Due $150,000
until
bonds
Denomination
from
Indep. Sch. Dist., Texas
in
tiple of V\ of 1%.
The approv¬
ing opinion of Chapman & Cut¬
ler, of Chicago, together with the
printed bonds, will be furnished
to the purchaser at the expense
of the County.
Delivery to be
made in Nashville.
A certified
The
1949.
Bond
in
of
basis of about 1.94%.
a
Charlottesville,
Bond
Bidders to name the rate or rates
$75,000 water
April
1
were
awarded to Lyons & Shafto, of
Boston, as 2s, at a price of 100.58,
offered
-
10, 1949.:
Dallas
the
Sale—The
Bond
bonds
Claire, at the option of the
holder.
purchaser at
Vt.
Winooski,
of Eau
ple of J/4 of 1%.
The approving
opinion of Chapman & Cutler, of
"
VERMONT
1950
Brownwood
of
any
O.
Dak.
$8,000 general
Sale—The
able
follows:
as
to
in
merical order
(P.
Elk Point), S.
purchase
the
for
9
May
tonio.
were
County
$390,000 not to exceed 4% interest
school bonds.
Dated May 1, 1949.
Denomination
$1,000.
Due
on
til
April 26 for the purchase of
not to exceed 3%% in¬
terest street improvement, bonds.
Dated
May 1,
1949. Due from
City
County Court Clerk, will receive
sealed bids until 11 a.m. (CDT)
on
SOUTH DAKOTA
the
to
(P. O.
Winchester), Tenn.
Offering — C.. O. Prince,
Franklin
combined water works and sewer¬
age
payable
bonds,
Treasurer, is required.
solely
terest,
rived
but are-pay¬
Town,
as
of
District, is required.
and
1954,
1,
Monday, April 11, 1949
Dated
1, 1949. Denomi¬
Principal and in¬
(A-O) payable in Canada
at the Bank of Montreal, Montreal,
April
nation $1,000.
terest
Toronto,
and
Winnipeg,
Saskatoon.
Vancouver
@FedFRASER