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APR 131942i
(»y.
-jm
Reg. U. 9. P»t. Office,
Volume 155
New
Number 4063
Price 60 Cents
York, N. Y., Monday, April 13, 1942
Copy
a
|^®ii|Ai^Nbl.iiil>EPARflVI ENT
BOND PROPOSALS AND NEGOTIATIONS
T
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In This Issue
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Corporation: News •
State and City News
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QUOTATIONS
New York Stock Exchange
Curb
/
Early
Los Angeles County
.
(P. O. Los \
;'*.Angelety, Calif±
action
was
Exchange
election which
was
said, in view of the fact that
the Federal Government has ear¬
was
,
scheduled for
March 27, to submit to the voters
an- issue
of $165,000 Manhattan
Unlisted Securities
Beach City. School District conf.
structibn bonds, was postponed.
.Newport > Height**; irrigation District (P* O. Costa Mesa), Calif.
Miscellaneous^
Additional: Information
(See Intlex Below)
DIVIDEND NOTICE
26
—
It is
stated that the $71,000 re¬
funding bonds exchanged for the
original issue, as noted here last
highway revenues by the. 1941 re-;
ALABAMA /
December, were exchanged as 4s
funding law, holders of new re¬
and mature on July 1 as follows:
Mobile, Ala* v:
-.
funding bonds "are in a very fav¬
$3,000 in 1952 to 1954, $3,500, 1955
Bond Election—We understand
orable condition." :
;
to 1957; $4,000, 1958 to 1960; $4,that May 14 has been set as the
But,
he
added,
before
any
500, 1961 to 1963; $5,000, 1964 to
tentative date for a special city
now
.
Milton, Del.
Bonds Voted—At an' election
on
March 28 the voters approved
an
issue of $25,000 3% bonds.
dividend
has
been
par
value)
1942
of
declared
of
business
April
the
on
this
24,
share
($7.50
payable
record
of
'
per
Stock
Capital
Company,
stockholders
to
Cents
(30)
Thirty
1942.
24.
May
the
at
15,
of
c.oje
V,
1942.
R.
J.
PAST, Secretary,
minister the funds under its
trol
con¬
to
accomplish the purpose;
aforesaid, but has been prevented
as
*
from extending
full relief by such
upon
its power and
limitations
.
authority; and,
Whereas, a reduction in gaso¬
line tax receipts, by reason of the
curtailment
by the Federal Gov¬
in
of
aid
National
De¬
fense,, of the use of rubber and
FLORIDA
held
March
•A
;
.'
York
New
Broadway,
ernment
the possible rationing of gasoline,
Cocoa Beach, Ffa
'■ Bonds Voted—At the
election
5%
COMPANY
LINE
PIPE
INDIANA
v. 155, p. 1169.
imperative, it under existing statutes, to so ad¬
'
; marked a sum of $200,000 toward
Bond Election Postponed—It is the
total cost of the project.
stated by Foster A. Begg, SuperjDELAWARE
intendent of ' Schools, that the
Out-of-Town Listed Markets
•
^''
paid
bonds mentioned in
York
',1
and
cancelled.
New Britain, Conn.
There is also $2,000 on deposit to
Bond Issue Sale Soon—It is re¬
pay
the bonds.
The new issue
has not been defaulted, but funds ported that the city will ask for
bids at an early date on the issue
have been more than enough to
of $550,000 water supply system
take care of payments.
been
CALIFORNIA
New
<?
1
city has paid $1,000 each year as McLaughlin said, is the inherit¬
the bond matured, and one bond ance tax, where a decline of $2,due in 1961 for $1,000 and interest 000,000 is anticipated.
"
has
/'/v,
'
..
renders
imperative
the
vigilant
use
and the
attention to
of funds
30 the following coming under control of the Board
aggregating
$16,000, of Administration, to the bes^
approved by the voters; $8,- possible advantage of the taxing
1 *
public
improvements,
and units aforesaid; and,
March
on
bonds
were
000
*
$8,000 water system bonds.
No
offering date has been scheduled
Whereas, this Board, as pres¬
ently constituted, deems a declaras yet.
ation of policy to be followed inV /
the event of the adoption by the
\
money may be allocated, ^to
the
Florida (State of)
1966, and $5,500 in 1967 and 1968.
election ' to : vote
on ; $1,600,000
of the proposed amend¬
municipal
turnback,
municipal
Resolution on Gas Tax Bonds— people
ment appropriate and timely;
waterworks bonds.
"
bond retirement, road bond re¬ San Francisco (City of County); Following
resolution, of particular
Calif.
demption, bridge bond retirement
interest
to
holders
of
Now, Therefore, Be It Resolved,
gas
tax
ARIZONA
and State
highway construction
Bond Proposals Rejected—The bonds, was furnished us by the That for and during the current
funds, the State must .set aside Board of Supervisors on March 31 Clyde C. Pierce Corp., Barnett administration, if the proposed
FlagstaffAriz.
Bonds Defeated—It is stated by $7,175,000 -i for debt service and rejected a proposed bond issue of National Bank Building, Jackson¬ Constitutional amendment is
adopted, the Board of Adminis¬
M.
H.
Thompson, Deputy
City $3,075,000 for highway mainte¬ $500,000 "to relocate the Bayshore ville:
nance annually.
Whereas,
the
Legislature
of tration provided for therein will
highway two .miles westward of
Clerk, that, at the election held
Mr. Storey indicated this situa¬ the* San Francisco
on Feb. 24, the proposal to issue
municipal air¬ 1929, realizing the distressed fi¬ pursue a policy looking to the
tion must be considered in view
nancial condition of must of our full accomplishment of the main
port.,
$400,000 electric light company
of
his
statement *that
highway
counties
and
special road and objectives of legislation on the
purchase bonds failed to carry. I
xo
'
i'V/
,j; iv-j
W
A-* 4 '•
'/->< 'w. 1 V' j, .* revenues "will be reduced in the
bridge districts, in the matter of subject, i. e., "the complete relief
.
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future because of the tire ration¬
ARKANSAS
(State of)
Planned
Buying
—
Arkansas
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f
.
•
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debt refunding,
; totaled
$2,192,871, including $1,; 419,121 on $$7,330,557 of 3V4%
V serial bonds, $270,000 on $18,090,000,000
r
:
.
"
000
$31,000,000 of 3V4%
*
,
...
.
;
Have
Income«— The
tageous
city
positions in the face of
.
cause
of
the
priority
system
on
H.
Wilkinson, City Clerk, reports
that
anticipated reductions, Refunding
Supervisor Frank A. Storey, Jr.,
/ said in effect yesterday.
In a report to Governor Adkins,
Mr. Storey pointed out that, beT
■
L.
On
holders, do not hold advan-
2, to submit to the voters
Bond Default Cleared Up
Rock
Priority
Little
"Gazette" of April 4 reported in
part ag follows: Beneficiaries of
State /highway revenue, except
bond
-
•
Bondholders
for May
term
bonds.
Tax
:
highway
$96,000 municipal light and
power
system bonds is said to be sched¬
uled: fob a vote at an election
called for April 17.
CONNECTICUT
outstanding bonded indebtedness
for
good roads, undertook the
looking
State
divisions; and,
Whereas, one of the enactments
of
that
of
the
session
State
a
was
Board
the
of
Tax
although"
large
a
that this year's increased State in¬
measure of relief had been real¬
is expected to create in the ized through the enactments of
State's general fund a surplus succeeding legislatures, culminat¬
larger than last year's $5,- ing in the adoption, by the Legis¬
V
;\. ' ;
lature of 1941, of a joint resolu¬
It is .estimated that the surplus tion proposing an amendment to
at the close of the current fiscal our
Constitution, under which the
year June 30 will be -about $5,- State
Board
of Administration
250,000 despite general larger ex¬ would be thereby created and
penditures brought about by the clothed with enlarged and perma¬
increase in costs. ..This year's ex¬ nent powers, and certain; revenues
penditure - approximated
$6,000,- would be irrevocably pledged, for
000 as compared with last year's a
period of 50 years, to the ac¬
even
000,000.
water
works
longer
bonds
of
the
in default
year's
are
.
no
as
000,000.
the indebtedness has been refund¬
ed.
The water works system
to take
over
was
>
k
indebtedness
period aforesaid; and,
Whereas, the main objective of
all
previous legislation on the
subject has been to relieve such
taxing units from the necessity of
levying any
ad valorem taxes
added, will be sufficiently
their
outstanding
for
aforesaid; and,
Whereas,
the
the
policy
purposes
of
this
Board of Administration has been,
within the limits of its
authority
1479
Stock
Unlisted
1489
1493
Exchanges
Securities
.............
1496
1457
Municipal Issues Sold in March. 1464
Corporation and Invest. News 1500
Annual Report—Reading Co..../. 1501.
Redemption Calls and Sinking/;
Fund Notices
1467
Dividends
1467
.........................
Capital Flotations (March)........ 1497
Banking Statistics: ■ ■
Discount Rates of Foreign
Central Banks
1473
Weekly Return of Member Banks,
1473-1474
Weekly Return of New York City
Clearing House
........,...
1475
BankeiV
1473
New
1473
1473
1473-
Acceptances
York; Money Rates...
Foreign Exchange Rates.
Foreign Money Rates
The Course of Bank Clearings—
Discount Rates of
of
■Condition
N.
Combined
Reserve
Bank 1473
........
....
Statement.
Reserve Note
Crude
Oil
Auction
East
Metals
Market.......
.........
Gas.
Oil
Stocks
Treasury Statistics:
^
Debt
1500
Statement
and
Agencies
Tr«v-,en'-"
;
•
Liabilities
of
(Feb. 28)
and
Federal
*
1472
.....
Liabilities
(March 31)
Preliminary U. S. Debt
1472
Statement
(March 31)
Complete Debt Statement
31, 1941)
Treasury Money Holdings
(April 1)
Government Receipts and
.
1473
1500
.
Comparative'Public
Assets
1496
1466
Output,.-
Sales
Coast
1475
1475
Loans
Non-Ferrous
•"
1474
Changes 1473
Weekly Federal Reserve
Brokers'
1500
1475
1475
Individually
Federal
1476
Reserve Banks 1473
Y.
Sterling Exchange Rates
Bank of England Statement.....
Condition of Fed..Reserve Banks:
the
whatsoever
Exchange;
Exchange.......
Gen.
revenue
great
care of all increased costs,
leaving more than $5,000,000 in
constructed in 1934 by a grant and the general fund.
the issuance of $32,000 bonds pay¬
Liquor taxes are expected to be
able in 1935 to 1945 and bearing $1,000,000
more
than ■ last year;
4% interest.
The city was unable the cigarette tax income about
to
meet the maturities as they $250,000,
and the railroad and
came
due and in June, 1937, a utility company tax revenue more
resolution
was
adopted for the than $1,000,000.
The only major item expected to
purpose of refunding $29,000, the
balance "of the issue.
To date, the decrease this year,- Commissioner
are
Curb
State and City Department;
Bond Proposals and Negotiations
.
expected to exceed last been set up for the various taxing
by more than $5,- units intended to be relieved to
The larger revenue, he an extent; sufficient to absorb
Stock
York
Other
$5,000,000.
:
Commenting
alone
York
New
the
come
Page
New
Adminis¬
central agency for
Whereas,
Quotations;
creation
administration of funds rMsed by
(State of) .
Increased
Surplus- taxation for the purpose of such
Commissioner Charles relief; and,
•
McLaughlin recently reported
INDEX
taxing sub¬
Connecticut
Predicts
J.
legislation
to the relief of such
tration,
;' '
of
enactment
complishment of the relief men¬
on increased tax tioned; and,
an issue of $100,000 airport pur¬
collections being made this year,
chase bonds. ;
;
*'
*
Whereas,
the Legislature
of
Commissioner
McLaughlin
said 1941 also enacted legislation un¬
of 3% serial bonds and $503,Stamps, Ark.
I
that
corporation business taxes der which additional credits have
■>/ 750 on
•
Bond Election-—The issuance of
•
The
The report
covered the first
Refunding Board will "bond year" of the 1941 refunding
; have $3,197,235 on hand April 30
program, which ended March 31,
for! investment either in its own 1942. In that period, highway
highway refunding bonds matur¬ revenue
amounted / to
$17,652,-.
ing within twelve months from 812.95, an increase of $2,581,438.67
the date of purchase or in United over the
previous 12 months; Fol¬
States government bonds, accordlowing is a comparison:*
:
ing to advices from Little Rock,
Tax—
1940-41
1941-42
-'a This amount will be available Auto Division fees
$63,042
$95,020
3,375,624
4,061,863
from the highway fund surplus License fees
Gasoline tax
11,632,707
13,495,929
of $4,197,235 after deducting $!•,Deducting' the cost of collecting
;
000,000j as the cash reserve re¬
the fees and tax, $567,030, and the
quired by act No! 4 of 1941.
first half-cent gasoline tax turn-?
-;
The board purchased $1,170,600
bhek to the counties, $1,007,445,
; of bonds for the highway fund
the net highway revenues for pur¬
account
last July.
If* the full
amount of available funds is in¬ poses of meeting allocations un¬
der the 1941 Refunding Act were
vested April 30, the account will
have $1,000,000 oi cash and. $4,- $16,078,336.41.;
Hot S/frings, Ark.
367,835 of securities. , '
:
4.
r; f
Interest payments yesterday on
Bond Election—We understand
the first anniversary of the $136,that ah election has been called
Bond
Cortez, Colo.
;
.
automobile production
curtailment program."
r
and
ing
Arkansas
Expenditures (March,
1471
(Oct.
1942)
1470
1470
,. ..
1470
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.J
York,' empowering
New
if less than all of the"bonds
and
bonds
of
c
be
redeemed will be. selected
Council at'its meeting to be' held '
V
GEORGIA
V.
of any one maturity shall be>. re¬
about $3,400,000°
,ming due in 1942 to deemed, the particular bonds to
them to exchange
special road and
bridge district, to levy ad valorem
county* or
any
of
both
necessity, on the part of
from the
Monday, April 13, 1942
COMMERCIAL & FINANCIAL; CHRONICLE
THE
1458
District
by
Delivery to be made at:
April 15.
Hazlehurst Consolidatede School
Chicago, on or about May l.,.The
legal opinion of Chapman & Cut-/
(P '.O. Hazlehurst) Ga.
1945, for refunding bonds bearing
Bond
Sale—The, Secretary of ler of Chicago, and the engraved
lot. Prin. and int. payable at the
and maturing
the Board of Trustees states that bonds,
to be furnished' by the
Chemical Bank & Trust Co., New
over longer periods of years.- •
tirement of the principal and inYork, in any coin or-. currency $40,000 4%/coupon school bonds city. Enclose a certified check for
terest of said bonded road debts
Request for the cancellation which at the respectiveVdates;:bf were offered on April 1 and were $46,000, payable to the city. ' J
bonded debt
its
service
to
taxes
*
lower interest rates
payment and re¬
and the ultimate
*
.
all
of
the
State
•
these ends
coming under
to the payment of the
to
if. funds
the
;
or
as
are
other unit, and from which'
[ funds may be temporarily transsome
t
ferred,
the
of
present
emergency.
war
adopted
be"
if
contract
this
con¬
were
tinued, Mr. Wagner and Mr. Brad¬
ford suggested that the cancella¬
the/contract
in
clause
tion
.
interest.
lowest obtainable rate of
road
special
;
:
district
bridge
and
participate in the dis-
entitled to
.
tribution of such funds, should be
fully paid and canceled/ '
not
ance
exchanged of $1,237,000.
Upon the recommendation of Fi¬
nance Commissioner Guy L. Simr
mops,'these remaining bonds will
be placed in the custody of City
Auditor J. E. Pace, who was given
authority to effect any further
exchanges
that1 might
be* re¬
Adopted this March 11, 1942. \ * quested
-
/
bond
independent
by
SPESSARD L. HOLLAND,'
buyers.
\ Governor, as President.
,y
balr
Jacksonville bonds; leaving a
payable within the said period of
50 years, at the end of which, or
before, all outstanding bonded in¬
debtedness of every county and
.
'
Worth Drainage
Lake
EDWIN
J.
LARSON,,;
Member, and County •;
as
v
In
—
call for ten¬
unmatured
or
and
'
;
the
of
or
bridge districts of "the State
Florida,
on
April 2, State
agreement.
that six
us
parties offered
bonds.
Lauderdale, Fla.
Fort
■
>>
Fort Lauderdale "News and Sen¬
be
necessary
in
original bonds.
Bond Offering—Sealed bids will
(EWT),
April 15, by A. E. Fuller, Di¬
of
the
for
Finance,
pur¬
chase of $750,000 coupon or
regisr
In¬
is not to exceed 5%,
tered hospital revenue bonds.
tinel" of March 31 carried the fol¬
.
;
terest
payable A-O. Denom. $1,000. Dated
'
Refunding of $4,355,000 in out¬
the only alterna¬
as
tive presented by the U. S. Circuit
..
Court of Appeals decision which
places bondholders in a position
to demand immediate levying _of
than $400,000 in taxes.
■T;t The court decision was that the
city had not lived up to the sink¬
ing fund schedule set in the presl;
more
;
Jan.
rate
bonding
ent
to retire
agreement
the bonds at their maturity.
It
re¬
versed the decision of the Orlando
Federal
$19,000 in 1944 and 1945,
$21,000 in 1947,
$23,000 in 1949,
$24,000 in 1950, $25,000 in 1951
and 1952, $27,000 in 1953, $28,000
in 1954, $30,000 in 1955 and 1956,
$32,000 in 1957 and 1958, $34,000
in 1959, $35,000 in 1960 and 1961,
$37,000 in 1962 and 1963, $38,000
in 1964, $40,000 in 1965, $57,000
in 1966, and $60,000 in 1967. Sub¬
ject4 to redemption prior to their
respective; maturities* at the Op¬
1946,
1948,
in
in
of
tion
whole
Court.
Due on April 1, as
1, 1942.
follows:
standing city bonds was agreed
upon yesterday afternoon by City $20,000
$22,000
Commission
the
on
,city,
(1)-
either
ih
date not earlier than
any
City Manager Merrill said today April
that
proposals for
being
are
received
the refunding
prepared
from
and
will
be
syndicate within
a
1, 1947, from any moneys
which may be made available for
such
at
purpose,
principal
the
amount thereof and accrued inter¬
est together with, a premium of
The plan will stipu¬
4% .if/redeemed on or prior .to
to the $400,000
1, 1952, 3% is redeemed
due are waived if the refunding April
thereafter and on or prior to April
goes through.
It will also provide
is redeemed there¬
for a fixed schedule of retirement 1, 1957, 2%
a
few days.
that
late
for the
rights
new
bonds, instead of the
after
and
on
or
prior to April 1,
1% if redeemed there¬
which called for the layafter and before maturity, or (2)
Ting aside of annual funds to be
in part on any interest payment
used for a mass retirement at the
date not earlier than April 1, 1945,
end of the life of the issue, Mer¬
from moneys in the sinking fund
rill said/
//;,
for said bonds in excess of (a)
The present bond issue calls for
the amount of interest payable on
3%
interest, with provision for
such interest payment date on all
regular increases which will bring
of the bonds then outstanding; (f>)
interest to
1962, and
old plan
"
.
6%
The
years.
flat
4%
at
new
maturity in
issue will
19
a
pay
for the entire life of the
.bonds.
The
refunding syndicate is
rep¬
resented by W, A. Ogen. Ft. Lau¬
derdale. and Robert H. Cook, Mi¬
Mitchell will act
ami.
fee
a
of
$2
per
agent for
as
$1,000
worth of
bonds
j
exchanged.
Under the present plan the
bond
The
issue
old
will
issue
;
Bond
not
will
changed for the
-...
be
bid
simply be
new one.
Exchange
new
upon.
ex¬
)'
Jacksonville, Fla.
Contract
the
the amount of interest payable on
the next succeeding
ment date
Can-,
interest
pay¬
all of the bonds then
on
outstanding, and (d)
a
reserve
in
such
the
sinking fund o^ $60,000, at
principal amount^ thereof and
accrued
interest, together with a
premium of xk of 1% of the prin¬
cipal amount thereof for each 12
months' period or fraction thereof
between the date of redemption
of
;j
principal, if any, maturing on
interest payment date; (c)
such
each
such
of maturity
in
no
bond
and
the
date
thereof, provided that
shall
event
such
premium
celled
The City Commission is.' exceed : 5%
of
such
principal
/^aid to have authorized the can¬ amount. A redemption of«part of
—
1,
No bid
[■yiX
108
High
(P. O.
Waynesville),' ///.
Bond
'•
Sale Details—The
$41,000
3% building bonds purchased last
of
the " bonds
T.
verse
and* W.
D.
Prin.
incl.
1964
to
Bradford,
will
order
of
be
made
their
in
in¬
basis of about 2.47%.
int.
and
payable at the Citizens &
(J-D)
Southern National Bank, Atlanta.
the/bonds offered &/ Cairo Bridge Commission,. III.
The bonds
|;. Bend Issue Details—The syndi¬
will be awarded to the bidder of¬ cate headed
by Stifel, Nicolaus Ik
purchase the bonds at
the city,
to
fering
Bonds Not Sold—Elmer
Co.
of
St.. Louis..
that
reports
mitted for the
entertained.
be
^
which
recently
the lowest interest cost to
.purchased $2,775,000 Cairo-Missis¬
such cost to be determined by de?
sippi River bridge revenue bonds
ducting the total amount of the
155r p, 1362—paid a price of
premium bid from the aggregate; 95.30 for the issue. Of the bonds
amount of interest- on all of th&
$2,275,000 series A bearing 3%%
bonds until their respective ma¬
[interest maturd: F$b. 1 1968/ and
turities. The bonds and the agreed
$500,000 series; B are 3%s and
ment between the city and Dade
mature Feb., I, 1973.
County were validated by a-de¬ Pit was previously reported thai
cree
of the Circuit Court-of the
iall; of the bonds paid 3W %, inter¬
county, rendered on Feb. .24,^1842,. est-and were to mature Feb. T;
and this decree has been affirmed
,
Rosene,
Secretary of the Board of Educa¬
tion,
/>//ILLINOIS
less than all of
will
/T
-V >;
i
0
* .
'
I
Grqyslake Community High School
District No. 127, III.
T ',
f//
than
less
interest or for
and accrued
par
of
bid
No
rate.
same
Due $2,000. on Dec. 1 in
194H
1945
may name more
the
bids
$73,000 4%
sub¬
coupon
construction bonds offered April ;1
155,
—y,
were
Bidder—
John
v
Nnveen
Daniel
F.
Muilaney,
1265-~wjere, rejected.
as follows:
/ • 1'.
p.
Tenders
&
'
-
Premium
.
Co.. Chicago......./ $10.950.00
Co.. Chicago....v. > :9.511.09v
& Co., Indianapolis
9,240.09
Rice &
Rcw
Vieth, Duncan & Wood, Davenport..
Pain?, Webber & Co., Chicago......
M. B. ;VICk & Co.,' Chicago...;;./..."
White-Phillips Co., Davenport.../;'
Jchn W. Clark & Co., Chicago.;...
.
9.100.00
8,472j)!
.7.8;1.00
:
7.216.09
6,150.25
I
Kankakeer III.
Maturity
—
The $47,645 -2V2%
judgment funding bonds sold. to
A. E. English, of Kankakee, at a
price of 95, as reported in these
columns last January — v. 155,
p./93, mature Oct. 1 as follows:!
$3,645 in 1943; $3,000 from 1944 to
1951 incl. and $4,000 from 1952 to
11968.
'•:•//'
r^t'tV'*'/ -y"S:
by the Supreme Court of Florida. it/ 'p'irCarpenteraville, III.
submitted on"
form to be furnished by the above
j
-Bonds Sold—Benjamin Lewis & 1956 incl.
It was previously re¬
Director of Finance.
Delivery on Co.: of Chicago have purchased
ported^^ that the^^ issue was to fna-!
or about May 1, in New York City,
$6;000 4% water revenue bonds ture from 1944 to 1951. One bond
in the event that prior to the de'u Dated Jan. 1, 1942. Denom. $1,000.
for $645, others $1,000 each.
livery of the bonds the income re¬ Due $2,000 on Oct. 1 from 1971 to
ceived by private holders from
1973 incl.
Prin. and int. (A-O)
Marion, III.
bonds of the same type and' char¬ payable at the American National
Ordinance Passed — An ordi¬
■ /
Each bid must be
acter shall be declared to be tax¬
present Federal :/in>tax laws, either by a ruling
under
able
Bank}& Trust Co., Chicago.
sued
to finance The
cost
of
Is¬
com¬
authorizing
issue * of
bonds to
provide for municipal acquisition
nance
$605,000 water
an
revenue
pleting extensions and improve¬
of Internal Revr ments
to
the
municipal water of the Marion Wat^r Company
decision of any Fed¬ works system. Payable solely from was passed by City Council on
eral Court, or shall be taxable by revenues derived from the opera- March 30.—V. 155, p.. 1362.
•he terms of any Federal income.ttion,of.the utility.;,The village
Marion County Non-High School
tax
law,
the--successful'.bidder covenants and agrees by ordi¬
District No. 300' (P. 0» Fa toka)
may, at his election,
be relieved nance to maintajn sufficient water
; IU
of his obligations under the con¬ rates at all times to
pay cost ol
Bonds Sold—An issue of $212,-;.
tract to purchase the bonds and
operation and maintenance/ pro¬ 000
judgment bonds was sold last
In such case the deposit accomvide adequate depreciation fund,
year to the H. C. Speer & Sons
•vmying his bid will be returned. and to pay principal-and interest
Co. of Chicago.
The ^approving opinion of Mass:- on these bonds when due.
Suffi¬
lich & Mitchell of New York; will cient revenues derived from the Milford Township
(P. O. MUford),
oe
furnished without cost to the
III.
operation of the water works sys¬
purchasers of the bonds. Copies tem-are deposited monthly, as
Bonds Defeated—At an election
of Resolution No.
17659, passed
collected,
in
a., separate
fund on March 12 the voters defeated
tnd adopted by the Commission
designated as the "Water Fund" tc the proposal to issue $35,000 road
m Jan. 30, may be had upon ap!be-used only as specified abov0. construction bonds.
plication to said attorneys.
Eni- As further provided by the Illi¬
Morrisonville, III.
*
zlose a certified check for $15,000,
nois statutes, /the village cove¬
Bonds Soldi — The $5,000 4%.
payable unconditionally/to
thp nants and agrees by ordinance
water system bonds authorized at
city.
*not To
/y 1
sell, lease, mortgage or
an
election last November, were,
Certificate Tenders Invited—It otherwise
dispose of the > water
sold to Ballman & Main; of Chi¬
is stated by A. E. Fuller, Director works system, including any and
cago. Dated Nov/1, 1941, Denom.
of Finance, that he will .receive all extensions and improvements,
$1,000. Due $1,000 on Dec. 1 from
sealed tenders until
May/6. at until all of these bonds shall have
1949 "td 1953 incl. Interest J-D.'
11 a.m."»(EWT), for the purchase .been paid in full.
Legality ap¬
by the Sinking Fund of $150,000 proved; by Chapman & Cutler, of
Moweauqua Township (P. Ox
/ Mow9auqua), Ill.
2%
registered refunding:-certif¬ Chicago..
icates of indebtedness, /maturing
/
Bond Election—An election will
;;V.
Chicago, III.
Jan. 1, 1947.
be held April 14 on the question
r y
v f:;'u
Each tender shall specify the i> Bond Offering—R. B. Upham, of issuing $12,000 road improve¬
Comptroller,
will
receive ment bonds. '
t
amount,
registered
owner £ and City'
the
Bureau
by
or
enue
a
'
-
.■
.
-
„
'
number of each certificate offered
sealed
until
bids
10
a.m.
(CWT).
•
whether
and
included
accrued
to
or
be
interest
added
amount stated in the
to
is
the
tender. Bid¬
ders may
stipulate, if desired, that
their tenders are for the purchase
of
all
or
of the
none
certificates
tendered, and shall state the time
place for delivery of certifi¬
and
cates tendered
as
official notice.
the
the
certificates
lowest
all
or
reject
tender
any
tendered
may.
at
reject
but will
notice
price
terms
expression
submitted"
not
which^ complies
price"
or '
-
of
the
the
the official
"lowest / prices
used
as
either
mean
above
"lowest
v
shall
dollar
T"higbesty|ijterfsf
yield basis calculated to absolute
maturity"
shall
April
Bonds 'to
15 for the
be
awarded
to
the
as
elect
maturities tenders.
the -City Commission
examining - the
* //y\ ;//-/.//y./v-,
after
Council
nance
..///:
does, not
chase
the
<
entire
to
contained
in
the
official
payable: at; the
bonds.'
Waukegan, III.
part as follows: /'/v
hurled at Waukegan city
officials
night with a demand for im¬
mediate
payment of $1,500 on
last
street
[
paving bonds.
'
The
•
principal. ' Principal
ordi¬
of
issue
Embezzlement intimations were
and
Registerable as to
notice of sale.
an
Demaiids! Payment
in
otherwise* conform to the specifi¬
cations
authorizing
On Soecial
Waukegan
"News-Sun" of March 31 reported
'
pur¬
amount
offer
•
Village
an
Assesment Bonds—The
No bid will be considr
ered- that
recently passed
$245,000 judgment funding
ceptable bidder offering the low¬
less
than par.
.Villa Park, III.
Bonds Authorized—The
ac¬
and interest
City Treasurer's
and is offered at a lower office, or at the office of the fiscal
agent of the city., in New York
than any tender accepted.
the
with
The
tenders,
purchase of
$2,300,000 coupon judgment bonds
of y1942. /: Dated , May
11942.
Denom. $1,000. Due Jan. 1, as fol¬
lows:
$700,000 in 1945 and 1943,
and $900,000 in 1947. "Bidder to
name a single rate, of interest, exr
pressed-in a multiple of Vt of 1%.
on
est rate of interest and at not
ac¬
prices submitted;-pro¬
the commission
vided
any
/
,
Commission will
The/City
cept
.
specified in the
.
cellation of its contract with Natt
Wagner
County, 1 Township
School District No.
•
Dated June
basis of about 3.60%.
th£ amount and maturities
of the bohds of each rate;
?ome
lowing report:
f
his bid
bf
be received until 2:30 p.m.
rector
Proposed Bond Refunding—The
to
keep faith with the cori-
Miami, Fla.
on
?
/
poration, which purchased part of
;
"
in refunding
/
said
is
bonds
order to
Larson, in-
Edwin
J.
Treasurer
forms
the
by
-
outstanding
through an RFC
Issuance
of /these
indebtedness,
original
recently
4% bonds, to be used
a
total of $2,831,000
refunding road and
bridge or highway bonds, time
warrants, certificates of indebtedness
and/or negotiable notes of
various counties and special road
'
'
-
questing the validation of $600,000
matured
of
Co.
&
-
entered
been
Received
the
with
connection
ders
cuit
Board of District Supervisors, re¬
Tenders
Bond
Validation Sought—A CirjCourt petition is said to have
Member and Secretary.
as
"
.
,
\
Comptroller,
J. M. LEE, State
•
/
/Bond
Treasurer Ex-Officio.
•
.
District
West Palm Beach)
O.
(P.
State Treasurer,
»■>!'♦
Space
Lane,
Johnson,
Jan.
than three inter¬
be
est rates ^nd all bonds of any One
maturity must bear interest at the
the
adjustment placed into effect. •.
thereof, through the process of
To daie, the associates have re¬
refunding or refinancing, at the funded or exchanged $2,151,000 of
by
or
Hirshberg, "- Inc.,
the RobinsonHumphrey CCo., all of Atlanta;
Commission, ori
the
by
DeWitt
Brooke, Tindall & Co., Wyatt
Neal /&
Waggoner,
Norris
&
Adding that "city officials
respective unit's own account
in the sinking fund account Of
|
refunding operations" because
in
syndicate composed
a
of
30, 1942.
Bidders are re¬
September by C. E. Bohlander &
would
quested to name the interest Tate Savannah; J. H. Hilsman & Co., Co. of Bloomington—v. 154, p.- 322
the same falls due, be in a quandary as to what next
-and Clement A. Evans & Co., both
or rates in multiples of 14 of 1%
available, either in year's budget requirements would
of Atlanta, at a price of 104.00, a r-were sold at a price of 105.31,'a
and each bidder must, specify in
/•principal and interest of such in1 debtedness
awarded to
payment thereof, is legal, tender
for public and private debts'. " Is¬
brokers, who pointed out that "all sued under the provisions of Res¬
activities have practically ceased
olution
No.
17659,
passed ? and
bond
the
from
munication
funds
devote
control
its
said
and.,
amendment;
.will
reached the commission in a com-
oul
taxes inproposed
gasoline
within
eluded
districts
and
counties
of
■
harsh
word
was-
injected
Herbert N. Forster, Wauke¬
bond broker, in an otherwise
routine council session.
' Forsters' demand for $1,500 was
based on his claims that on Julian
by
gan
City. General obligations of the'
St.- paving bonds (special assess¬
city payable from
ad''valorem
ment
Docket 760)
the property
taxes levied upon all the taxable
owners had paid their assessments
property in the city without limit
to the city in fulL.-,.-V/^.^:-',;
'W
as
to rate-or' amount. -Issued to
"The city has failed to pay this
refund judgments rendered against
amount on the above bonds," the
the city prior to March 1,. 1942.
bond broker charged. "Records of
The award Of the bonds will be
the city and the Illinois Title Co.,
made subject to authorization and
show this docket fully paid and
approval" thereof by the -City
'
.
.
THE COMMERCIAL '& FINANCIAL CHRONICLE
Volume 155 ".Number 4063
1459
t
all property owners released. The
city
collected «this' • money
should have it
bond
to
hand to pay
on
Treasurer's
and
and
out
out of taxes
welfare fund and in
in full."
owners
office^ The ^warrants -Nov. 1; $500 in 1942 to 1944; $600,
are /payable ' '1945' to
1948, and $700 in 1949 to
levied, for the county (1951;'73\77'i- V7333
v
•;
bond"
interest thereon
aforesaid
to
shall
be
remaining $18,000
July !,• 1960.
the
undersigned on
the foregoing bids." Prin, and int.
of 'col*;
course
issdes
awarded
(A-O),
payable*
the
at
2^4s, due
as
on
Dayton, Ky.
State
H Forster 1 elaborated his3 charge lection. Purchaser, to1 furnish le¬ 4fait*Sioux City, Iowa 7VV77;' Treasurer's office.
All
of' the ; Bonds Sold—We are informed
by saying that diversion of money gal opinion as to the validity "of '$Bond Offering—City Treasurer bonds wil constitute general obli¬ by Frank J. Staab, City Clerk,
C3 A. Carlson is calling for both
collected was costing bondholders the warrants.
A certified -check
$33,500
coupon
semi-ann.
The general tnat
sealed and open bids until April gations of the city.
hiore than $2,000,000. He said that for 3%
of theS warrants bid: for,:
condemnation bonds, series V, are refunding bonds were awarded on
15, at 2 p.m., for the purchase of
„
the
payable to order of the Board of
city is collecting accrued in¬
$250,0)003airport. bonds. ' Denom.'
County .3 Commissioners,'. is 3: -ref.
$1,000.- Dated April 1, 1942. Due
quired. t3 33 7;;v;;3 'f. 33
on
Dec.';i,' .as follows: $12,000 in
Ross
Township School Township 1943 to-31954,. $15,000 in.'1955 to
(P.~ O. l Crown Point), Jnd..vj~>X 1960, and $16,000 in 1961. Bidders
Bond Sale—Thb "$69,000i build-; should specify the rate of interest
ing addition bonds offered* Aprir"4 arid all other circumstances being
—v.
155, p. 1066-r-were .awarded equal, •. preference -will be- given to
terest from property owners to the
final, date of payment and failing
to
this interest to respective
pay
.
bond owners to whom it belongs.
Instead, it is using it to'pay prin¬
cipal
other bonds.
on
John Elliot Bower dhd
Newton
Alderman
Finn's
such
individuals
from
Alton, Iowa
Kyndberg
,
was
.
an
to
principal and
to
as
rate
tangible
amount
or
within
the
the
city.
Sale Details
The special condemna¬
•first instance from
special
!ad
valorem
taxes
ordinance, there ought to be one."
Bonds Approved
$12,000
bonds
3%
—
amount upon
property
all
within
limits of the
city.
subject to rejection by the
be sold
All of the
State
School
Fund
Commission.
bonds, duly printed and
cash
been-; approved
offering .of $8,000 streetiimp^ye| lower" interest rate South Sioux i -Prairie School District No. 44
ment«bonds, " -originally; sold J ori CityT officials Tuesday night de¬ | > (P. O. Kansas City), Kan.
Bond Sale Details
Feb; 14 to the^Carietoh p.T BeH stroyed the old bonds, with Mayor r
In connec¬
to
legality by Charles & Trauernicht,
of St. Louis. Dated Feb; 1, 1942.
~
Co.
of
Moines.
^hfe^i^d^B^celik;,
the
symbolically
tion with the
sale
a
construction
bonds
covered
Holloway-Purcell, of Kansas City
Des
-!
After
ward,.a technical error was dis¬ burping ;one from the top of the
by the- purchaser's attor¬ heap, rati iu meeting of the City
Council.
neys in the offering notice:
•
7The .bonds, representing all of
Ellsworth, Iou)at<
the
municipality's
outstanding
INDIANA
Cannelton, Ind.
77.V7'
.
Sale Details-~The
Bond
;
$140,-
000 3V2% water and electric
Bohd
purchased late in 1941
by the City Securities Corp., In¬
dianapolis—.v. >155, p. 93—were
Sale
petai|s-7~thekTown
bonded
indebtedness,
are
for
of the
$100,000
states
now
that
j-4—v. 155,
p., 1363-^it is, now re¬
ported- that the bonds
were
chased at par,
as
divided
pur¬
follows:
3 Bond Refunding Plan—Holders
Of road and bridge bonds are be¬
the
i
.
;
ri
|
which
ypon
the
best
is
believed
interests
to
off- the
in ;
be
bond¬
holders.
For
-
ers
3.
.77;v; 7: •'• .,'
complete details, bondhold¬
requested to communicate
any of the following:
The
are
with
Bankers
Bond Company, Louis¬
ville, Ky.; The Weil, Roth & Irv¬
ing Co., Cincinnati, Ohio; Welsh,
Davis & Co., Chicago,
111., and
F. L. Dupree & Co., Harlan, Ky.
Kentucky Military Department
Armory Corporation (P. O.
Louisville) Ky.
Bonds Sold—The Bankers Bond
y
Co.
of
Louisville
is
said
to
have
purchased $30,000 3%% semi-ann.
armory bonds.
73
Lincoln County (P. O. Stanford)
Ky.
Bond Offering—Sealed bids will
be received
until
11
(CWT),
Gililand,
County Court, for the
purchase of $20,000 3% jail and
court house bonds. Denom. $1,000.Dated April 1, 1942.
Due $4,000
on; April 1 in 1943 to
1947 incl.
on
pav¬
.
-
.
Martin-
to
$9,000 ing, paving intersection and sani¬ $21,000 1%% construction bonds.
Due on Aug. 1; $5,000 in 1943
water works refunding bonds sold
tary-sewers.
ij 7;
and $4,000 in 1944 to 1947.
sold at a price of 101.33, a basis of io the White-Phillips Co.; Inc.,- of
The -refunding of the debt, to
55,000 2%
construction bonds.
Davenport, as
s—v.' 155, p. 786 bear;2% interest instead of
about 3.35%. "
4%,
.Due on Aug. 1; $4,000 in 1948
—were purchased at par and ma¬
will, effect
a
saving of $700 a
to 1950, $6,000, 1951 to 1955,
Columbus, Ind.
•'
ture on Nov. 1; $500 in 1943 and
sihonth^officialssaidrThebonds
Bond .Issue
Report—E.
$7,000 in 1956, and $6,000 in
Ray .11944, and $1,000 in 1945 to 4952; will be retired serially over 20 r
1957.
' ; ":
Gress,^ City Clerk-Treasurer, re¬ ; Interest payable M-N.
years, .with a one-year option on
24,000 2i/4% construction bonds
ports that issuance of the $350,$70,000 and. a five-year option on
Iowa (State of);
I
Due $6,000 on Aug. 1 in 1958
000
not to; exceed
3%
interest
the remainder.
V,
to 1961.
<
1
water system revenue bonds men¬
Counties to Reduce Road- Debt
Principal ^ holder of the new
May
1—A
special dispatch
tioned in v. 155, p. 874, is being On
issue is "the. Nebraska-State Board Denom.
$1,000.
Dated Feb.
1,
from I Des Moines.3 tor the[;7'Wall
deferred : pending
approval a of *
bf^^(^cationaPDaridd7and Funds, 1942,(Fin. and int," (F-A) payable
plans and specifications by the Street Journal"' of Apfri1^2 3 VeS
Clerk
\>
(P. O. Harlan)
Ky-
•
"
rev¬
bonds
enue
Harlan County
,
fund
as
1
'
—
•.
An issue of
working
has
of Cincinnati.
ing advised that because of the
inability of the county to meet
the maturities, as now scheduled,
tangible taxable
of its outstanding 4V4, 4J/2 and 5%
the
territorial
voted road and bridge bonds, a
The bonds will
refunding plan has been agreed
.
.
3V4S,r sub¬
on
which may be
as to rate or
t,
Wolf- Lake Community High School
District No. 84, III.
$1,487.40
levied without limit
.
payment of fees by such individ¬
uals, but "if there isn't such an
of
mitted by Charles' A. Hinsch & Co.
assess¬
ments :levied, on. property
bene¬
fited and, if not so paid, then from
The second highest bid was an,
.
offer
bonds, series W, both as to
1 prin. and, int., are payable in the
Clerk states that the
said 3 he
believed
ordinance requiring
to Seasongood & Mayer
Cincinnati, as 3s, paying a pre¬
mium of $1,139.85, equal to 103.402.
upon
property
limits of
territorial
April 2
of
tion
sidered after the sealed bids have
/
taxable
The city will fur¬ executed, will be furnished by the
The Town been opened.
nish the bonds and the approving ;city and will be sold subject to
$13,000 2%
the legal opinion of
Bowersock,
semi-ann. refunding bonds sold to opinion of Chapman & Cutler of
Fizzell & Rhodes,.of Kansas
City,
Gef ke-Dalton
& ? Co.; jpf1 .Sioux Chicago, "and all bids must be so
whose final, unqualified approv¬
Falls,: as noted here ^'ly.: 155^ d6ndiitioi|e1d:.i; A certified check for
ing opinion will be furnished and
%%_ is required.\
p. 1170—were purchased at;par33.
paid for by the city.
Delivery
- South Sioux City, Iowa
Dubuque, Iowa
\ \
*3
on or about
May 1, in New York
Refunded — The
Bond Recffering Contemplated 7 Bond v Debt
City, Chicago or Karisag City. En¬
• April 1
'--^City - Clerk ; J; J.; Shed {reports Sio\ixt;City "Journal"
close a certified check for 2%. of
that city officials are; preparing feborte'd as follows: After having the bonds bid
upon.
to readvertise for bids onthe lre7 refunded; $429,000 * of bonds at; a
Bond
"digging
around in the files."
there
limit
all
til' after, all: oral bids, are received'
arid no oral bids will; be con¬
IOWA
judiciary commit¬
tee, Alderman Jacob Kyndberg
urged that steps be taken to keep
as
interest; from ad [valorem taxes
which: may be levied without
.
"City has collected money from
owners;" he declared; to John Nuveen &'
Co.,r>Chicago, the most favorable bid of par and
,"City has used money collected as
2s,'at a price of 100.78,.a basis accruer interest. or .better, speci¬
for city use.
Not paying money of about;1.86
%Dated ^April^C fying f ..the lowest interest 7 rate.
collected to bond owners results
and int. 3(J-D) payable. at5
1942, and due as follows:^ $3,000
in only one answer — embezzle¬
July 15, 1942, and. $3,000* Jan.; 15 the.;City,• Treasurer's office. Gen¬
ment."
and July 15 from 1943 to 1953; eral obligations, payable from a
Just before the matter was re¬
ind.3 Second high bid pf ;lQ0;6a limited but, sufficient, tax upon all
ferred
to
Corporation "Counsel for 2s was made by the City Se- the taxable
property in the city.
Jack E. Bairstow, City Collector
curities Corp., Indianapolis.
No sealed bids will be opened un¬
property
payable both
April
20,
by
a.m.
V.
C.
Clerk of the
Prin.
and
int.
the Lincoln
(A-O) payable at
County National Bank
of Stanford.
Magoffin
County
:
(P.
O.
Salyers*
burg), Ky. VV77
Refunding Plan1—
•
Bond
holders of 5%
The
jail funding bonds,
which held the bulk of the old at the State Treasurer's office. issue of April l5, 1912; 5 V2% road
follows:. «IoWa; counties,
and bridge funding bonds, issue of
issue; city officials declared. The These bonds were approved by the
pay on May 1, $6,577,000 of
voters
at
road and
an
election held
remainder is on the market.
last .Nov. 1, 1928, and 6%
'
Indiana (State of)
principal and $957,286, in;interest
funding bonds, issue of March 1,
The last of the. old bonds were September.
•
1941
Income
Tax
Collections on primary road bonds^reducing
]
'.*• '7 1" ?V'7 '--s
""«3
'-'i
,*
1930, are being advised that a
turned in" about .10 days ago.
Westwood View School District
Set
Record
Gross
income
tax •to less than half the indebtedness
hearing will be held at the office
No. 93 (P. O. Kansas
collections by the State on 1941 r incurred by the road program in
City), Kan.
of the State Local Finance Officer,
KANSAS
Bond Sale Details
calendar year incomes reached a [years1 gone
In connec¬
Frankfort, Ky., at 10 a.m. (CWT),
Kansas City, Kan.
tion with the sale of the $90,000
new peak at $34,043,863, a
The bonds are obligations of
gain
on April 17, to consider
the peti¬
of $8,744,761 from the preceding the various counties but are
V Bond -Offering — Sealed
bids I building bonds to Martin-Hollo- tion of the
pay¬
county for approval of
year, and for the first time sur¬ able from the primary road fundi; wil be; received until 10 a.m. on way-Purcell,- of
Kansas
City— the issuance of bonds to refund
passed the gasoline tax as the This fund is derived from 5/9ths April 14, by Howard Payne, City ;v. 155, p. 1363—it is now reported the bonds above
mentioned, to¬
that the bonds were purchased at
State's largest source of income, J, of the State gasoline tax and the
Cle£k, for the purchase of the fol¬
gether with interest accrued and
according to a report by Gilbert net proceeds from the motor vehi- lowing .condemnation bonds ag¬ Jpar, as follows:
unpaid thereon.
•
K. Hewitt, Director of the Income •cle registration fees.
gregating $186,000:
$20,000 1%% building bonds. Due
Tax Division.
In the early stages of the road
LOUISIANA
$4,000 on Aug.°l in 1943 to
$46,5917general,-series V bonds
"Collections of this magnitude paving program 98 of the State's
Denom. $1,000,' one for $591.
7 1947 incl.;3
Cotton Valley School District No.
cannot be expected to continue," 99 counties issued
$118,186,000 of
Due on April 1; $4,591 in
70,000 2% building bonds.
Due
12 (P. O. Minden), La.
1943,
Mr. Hewitt pointed out. "On the bonds to cover the cost. -The
pay7
$5,000 from Aug. 1,; 1948 to
$4,000, 1944 to 1946, and $5,Bond Sale—The $45,000 semicontrary," he warned, "we can ment this year will reduce this
1961 incl.
000 in 1947 to 1952.
ann.
construction
bonds
offered
expect drastic reductions in State indebtedness to $55,684,000. All I
140,091 special, series W bonds. Denom. $1,000. Dated Feb. 1, 1942. for sale on April 7—v.
155, p.
revenue
as
a result
of lowering the bonds are due and
payable'
Denom. $1,000, one for $1,091. Pin. and int. (F-Aj payable at the 875—were awarded to the
Minden
gross. income tax rates for retail¬ before May 1, 1950.
In 1938, the j
Due on April 1; $14,091 in State Treasurer's office.
Legal Bank & Trust Co. of Minden, as
ers, laundries and dry
cleaners. first of the 98 counties retired its I
1943, ? and $14,000 in 1944 to approval by Bowersock, Fizzell & 2V4S, paying a price of 100.888, a
Further
reductions
will
result bonds. Three more will do so this
1952.
Rhodes of Kansas City.
basis of about 2.08%.
Dated Feb.
from the stoppage or reduction of
fire underwriters.
ported
•
as
will
.
•
•
'
.
'
p
„
.
—
—
.
,
-
*
,
'
,
-
the
retail
of
sale
domestic
items
new
such
and
as
used
automo¬
tires, auto accessories, re¬
frigerators, radios, etc., and the
general operation of the rationing
biles,
and
priority programs."
The
to
the State.
000
,7,1942. Proposals
^be.received on bonds bearing
$8,000,- i S
° ^ S 3S
are
$20,000,000
a
year
Approximately
set
aside
annually
(P. O. Indianapolis), Ind.
""
for
bond
c„hi?t
f't£e
principal and interest before
tions: Not
other charges are toade against it,
Warrant
OfferingGlenn
Ralston, County Auditor, will
ceive
sealed
(CST)
chase
on
Bonds
re¬
more
pur¬
$450,000 not to exceed
5% interest tax anticipation war¬
rants, issued for the county wel¬
One
half of the
issue
is dated Jan. 31, 1942, and other
April 30, 1942. Denom. $5,000. Payable June 15, 1942. Prin.
half
and
int.
payable
Commercial
and
at
Financial
W.
Jones,
with a statistical
i
3
•
C.
if
?
than two different
on
either bond issue
Solen,
$10,000
1952
VV 33":
•-
Due
Covington Housing Authority"
(P. O. Covington), Ky.
Bond Sale Details
—
In
A
(First
Pohl
&
here
last
Issue)
Feb.
..
$319,000
bonds to
15 in 1943
,
-
3",;3-.3;37v-' -3;
;
of Cincinnati, noted
December, it 1 is now
Co.
.
MAINE
||^3:
Maine (State of)
connec¬
tion with the sale of the
series
on
incl.
v3 -Tv-jTV- 3 3, '3;\;
Bond
State
Offering^—Belmont Smith,
Treasurer,
will
receive
sealed
bids
on
April
16
until
for
10
the
a.m.
(EST)
purchase of
County
even
Clerk, states that
multiple of V4 of 1%.
No stated that these bonds were pur¬ $700,000 /Coupon
highway
and
refunding bonds have been bid for less than par and accrued chased at a price of 100.044; a net bridge bonds. Dated April 1, 1942.
interest will be considered.
Each interest cost of about 2.45%, di¬ Denom. $1,000.
through Jackley & Co.
Due $100,000 on
bid for each issue shall show the vided as follows:
of Des Moines. T V
$37,000 as 3V2S. April 1 from 1947 to 1953 incl.
total.net interest cost to the City due on July 1, 1941; $75,000 as All bids must indicate the
coupon
Menden Township (P., 0.
77 over the life of the bond issue on
21/4S, due on July 1, $12,000 in rate in multiples of Vs of 1%
McGregor), Iowa
rthe-basis of such bid. Any bidder, ! 1942 to 1944, and $13,000 in 1945 as well as the price offered.
No
Maturity—The -Township Clerk if he .desires to do so, may insert to
1947; $189,000 as 2^s, due on offer for less than par will be ac¬
now
states that the $6,000 .semi- the
following condition in his bid: July 1, $14,000 in 1948 to 1950, cepted. Prin. and int. (A-O) pay¬
ann. fire equipment bonds sold to
"These proposals are submitted on $15,000, 1951 to 1953,
$16,000, 1954 able at the office of the State
a McGregor bank as 4s at
par, as the. condition ..that they shall be and 1955, $17,000, 1956 and 1957, Treasury ' Department,
Augusta.
noted here on Jan, 13, are due on
dsiregarded Tunless both of the and $18,000 in 1958 and 1959; the The bonds are exempt from taxa-
refunded
-
-
Chronicle
(Reg. U. S. Patent Office) William B7Dana* Company, Publishers, 25 Spruce Street, New York, BEekman 3-3341.
Herbert D. Selbert, Editor and Publisher;
Editor; William Dana Seibert, President; William D.-Rlggs, Business Manager. Published twice a
weekCevery Thursday (general news and advertising issue)
offices: Chicago—In charge of-Fred H. Gray,-Western Representative, Field
Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers'
Gardens, London, E.&? Copyright 1942 by William B. Dana Company.
Reentered as second-class matter February 25,! 1942, at the post office at New York, N. Y., under the Act of March
3, 1879.
Subscriptions in United States and Possessions, $26.00 per year;, in Dominion of Canada, $27.50 per year.
South and1 Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain.
Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year.
NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must; he made; in JNgW York funds.; •
77
i.'7 ••; t
r ;ib.:33
Frederick
r
the
Refunded—M.
f
v shall be specified in any bid. Each
interest rate specified shall be an
Larchwood, Iowa
to
77-
water
a.m.
of
fare fund.
-
Town
15 for the
April
;
B.
10
bids
until
;
KENTUCKY
in
interest rates
Marion County
r
15, 1942.
primary road fund amounts
around
Managing
issue on Monday]. .'.Other
-
Monday, April 13, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
1460
1
from all present
and are an
tion in Maine and
Federal
tax
income
unqualified, direct ^obligation of
the State, whose
crejdit and good
faith is pledged for the payment
of
both principal
and interest.
Opinion of the Attorney General
of Maine as to the legality of the
bonds will be furnished the suc¬
for
relief
purposes
last year was
$9,900,000. This year, the total be¬
ing planned for is $9,529,000, or a
saving of $371,000/— As in the past, it has been the
practice in Boston to borrow
part
required for felief
and to tax
the citizens for the balance. This
of the
money
and welfare purposes,
General, will receive sealed bids $25,000 civilian defense bonds, ac¬ 1364—were awarded to Hajsey;
until noon (DST) on April 21 for cording
to Arthur.; T. • Brennan, Stuart ;& >■ Co., Inc., Chicago, as
the purchase of $2,000,000 Metro¬ City Treasurer.: Prin.: and inter¬
13/4S, as follows:
•• y-yV As-----/ •
politan Additional Water Loan, est payable at the National Shaw¬ $23,000 bonds sold at par plus a
Act
of , 1926, « fully
premium of $193.20, equal to
registered mut Bankof Boston, or at the A;;
bonds.
Due Jan.- 1
as
follows: City
100.84, a basis of about 1.64%;
Treasurer's
office. - Legal
> Due May 1 as follows: $5,000
$67,000 from 1943 to 1962 incl. opinion of Storey, Thorndike, Pal-,
and $66,000 from 1963 to 1972 incl. mer & Dodge of Boston. > .;.
ci •: ' jin 1949 and $6,000 from 1950
.
Bidder
to
name
a
single rate of
;
;
Somerville, Mass.:
Bond Sale—The $200,000 cou¬
the tax rate will include a interest, expressed in a multiple
cessful bidder.
Payment for the
of */4 of 1%.
Proposals must be
figure which is 65% of what was
pon
municipal reliefbonds of¬
loan and accrued interest may be
accompanied by a certified check fered
April 7—v. 155,v p. 1364—made on or about April 24, at spent on dependent aid last year.
By negotiating the bond issue for 2% of. the,amount bid for, were awarded to Halsey, Stuart &
which time the definitive bonds
at this time, Mayor Tobin hopes payable to order of the aboveCo., Inc., New York, as VAs, at
should be ready for delivery. Bids
to accomplish a considerable sav¬ mentioned^ official, on a national
100.048, a basis of about 1.24%.
by telegram will be received if
bank
or
trust
company doing
ing to taxpayers.
Dated April 1, 1942, and due $20,-
to 1952 incl.
/
~
Nov.
v
Interest payable
1, 1942, and semi-annu-
year
ally thereafter
;
May 1 and
on
Nov.
68,000 bonds sold at par plus a
premium of $693.60, equal to
101.02,
a | basis ;of
; about
1.61%. Due $17,000 on Oct. 1
.
within
from 1948 to 1951 incl.
lnterbusiness in this Commonwealth or
000 on April 1 from „1943 to 1952
time limit noted above. No bids
Brockton, Mass.
in the city of New York.
-est payable Oct. 1, 1942, and
Any incl.
The bankers re-offered the
Note Sale—The issue of $500,by telephone will be accepted. In
award by the Treasurer is sub¬
semi-annually. thereafter on
bonds: at
prices to yield from
the event that prior to the deliv¬ 000 notes .offered. April Z was ject to the .approval of the Gover¬
: .April 1
and, Oct.
0.30% to 1.30%, according to ma¬
awarded to the Second National
ery of the bonds the income re¬
nor and
Council.1 In comparing
All of the bonds will be dated
turity. Other bids:
"N
ceived by private holders from Bank of Boston, at 0.448% inter¬
bids preference will be given, tq
;•' Bidder-t■' V
^.4 " Intj RateBate Bi4 May 1, 1942.
bonds of the same general type est, payable at maturity.
Notes the one providing for the lowest Union Securities Corp
100.03
Fraser School District, Mich. \
Harris Trust & Savings Bank
and character shall be taxable by are dated April 3, 1942, and ma¬
iy2%
101.01
net interest cost of the Common¬
Harriman Ripley & Co., Inc.,
i
Plans Bond Issue
the terms of any Federal income ture $200,000 Dec. 16, 1942, and wealth
Resolutions
and Kidder, Peabody & Co.
V/2%
100.678
(total interest for « the
V
*
tax
providing for the issuance of $10,law, the successful bidder $300,000 Jan. 15, 1943.
Among duration of the loan from Jan. 1, Bond, Judge & Co. and Lae
Higginson Ccrp
\\'2%
100.62
000 building bonds are being
bids were
the following:
may, at his election, be relieved other
pre¬
1942, less the amount of the pre¬ Estabrook & Co. and Whiting,
Weeks & Stubbs
1V2%
100.56
of his obligation under the con¬ National Shawmut Bank of Bos¬
pared by attorneys for the Board
mium bid).
"
*
First Nat'l Bank of Boston.. *l\'2r/e\
100.43
of Education.
ton and Merchants National Bank
tract to purchase the bonds.
by
delivered
messenger
„
.
r
.
-
.
—
-
-
•
.
of a $2,000,- of Boston, jointly, 0.465%; Leavitt
000 issue authorized by Chapter & Co., 0.468%, for New York de¬
68 of the Private and Special livery; Home National Bank ■" of
Laws of the 90th Legislature, ap¬ Brockton, 0.48%.
proved April 16, 1941, as amended
Cambridge, Mass.
by Chapter 99 of the 1941 laws
Note Sale—The issue of $1,000,as
passed by the Legislature in 000 current
year revenue antici¬
special session January, 1942, ap¬
pation notes offered April 2 was
proved Jan. 24, 1942.
The State awarded to the Second National
of Maine reports a valuation of
Bank of Boston, at 0.40% discount.
.jj>684,764,276 and bonded debt, not Dated April 2, 1942, and due Nov.
including the present issue, on
2, 1942. Other bids included the
March 31, 1942, of $26,452,500. "
following: First National Bank of
Portland, Me.
Boston, 0.409%;
Lee Higginson
Note Sale—The $1,000,000 tax Corp., 0.419%; First Boston Corp.,
Arthur
Perry
&
Co.,
anticipation notes of 1942 offered 0.42%;
The bonds are part
^
April
155,
7—v.
awarded
New
to
p.
1363—were
Barr'Bros.
York,
0.34%
at
discount.
1942. Due $800,Oct. 7 and $20,000 on Nov.
Dated April 10,
000
on
Other bids: Canal Na¬
Bank of Portland, 0.35%;
27, 1942.
tional
National
Bank of Bos¬
Shawmut
ton, 0.365%; First NationaTBank
of
Boston, 0.377%; Second Na¬
tional Bank of Boston, 0.443%.
Danvers, Mass'.
Sale
Note
tional
The
—
Bank
of
Second
Boston
re¬
was
cently awarded an issue of* $100,000
tax
anticipation
notes
at
0.375% discount. Due $50,000 each
on Nov. 2 and Dec. 1, 1942.
Spring¬
(P. O.
field), Mass.
Hampden
County
Sale—The $35,000 tuber¬
patients' maintenance notes
offered April 8—v. 155, p. 1363—
Note
MARYLAND
cular
Maryland (State of)
>
Roads
Commission
Seeks Bond
Tenders—William A. Codd, Chief
Auditor of the State Roads Com¬
mission, announces that according
to the terms of a trust indenture,
awarded to the First Boston
were
Corp., New York, at 0.347% dis¬
count.
Dated April 8, 1942, and
due
April
1,
1943.
National
Third
Other
Bank of
bids:
Spring¬
1941,
securing field, 0.349%; Park National Bank,
bridge revenue refunding bonds, Holyoke, 0.35%; First National
the Roads Commission may apply Bank of Boston, 0.359%.
excess funds in the sinking fund
dated
June
the
to
issue.
1,
purchase of bonds of the
The chief Auditor will re¬
Haverhill, Mass.
Bond Sale—The issue of
$20,000
defense
bonds
offered
AgariH 2 was awarded to Tyler &
(Cfo. ©ft B&sta, as, H4s, at a price
fer of bonds of this issue1 mustt be
ceive tenders for
$20,0©® Emhk&e ona.
before 3 p.rn. on
or
©©ops®
ApxriH IQl. Of¬
off
those maturing m
a
basis of about 1.08%.
19631. FUrchases
DStedi April 1, 1942. Denom. $1,smiting fundOOflt. fte $4,000 on April 1 from
price offered-. tb>-
will be made for the
the
at
lowest
E®' to
gether with accrued interest.
Reports Record Cash Balance—
The
State's current
1947 incl.
((A-<Dpayable
at
Prin.
the
and
int.
National
Shawrmit Bank of Boston.
In
(No. 5), issued by the Com¬
missioner of Banks on April
1,
tin
the
of investments considered le¬
the
shows
list
latest revisions in
Watertown, Mass,
Note
000
Sale—The
offered
notes
awarded
to
of
Bank
issue
the
1
of
April
Second
$300,3 was
National
at 0.326% dis¬
Due Nov. 13, 1942. .Other
count.
Boston,
gal for savings banks in Massa¬
bids:
chusetts:
of Boston and National Shawmut
A.
National' Bank
Merchants
Grand Blanc
Township Unit School
Blanc), Mich.
District (P. O. Grand
Bonds
Voted
A.;J. Brendel,
—
Superintendent of Schools, reports
that
the
at
election
an
$40,000
school
March
on
voters?-authorized
an
bonds,
to
30
issue of
mature
1,1941 Bank of
$8,000 anually from 1943 to 1947
Boston, each 0.34% ; First
incl.
Municipal Obligations — As of National Bank of Boston, 0.42 %,
March 24, 1942, Town of Little¬ plus $1 premium.
Grand Rapids and Paris Townships
ton, N. H.; City of Norwich, N. Y.;
Fractional Graded School Dis-c
^Winchester, Mass.
County of Oneida, N. Y.; County
trict No. 3 (P. O. East
Note Sale—The issue of $150,of
Schoharie, N. Y.; Town of
Grand Rapids), Mich.
000; notes offered April 6 was
Wallingford,
Conn.;
Town
of awarded to the Merchants Na¬
Bond Sale—The issue of $18,000
Wolfeboro, N. H.; County of Wy¬
tional Bank of Boston, at 0.30%
coupon refunding bonds offered
oming, N. Y.
discount.
Due Dec. 8, 1942. The April
7—v., 155, p.
1267—was
Railroad Equipment Trusts—As Second National Bank of
Boston, awarded to John Nuveen & Co. of
of March 6, 1942, Northern Pacific
next highest bidder, named a rate
Chicago, as 2s, at a price of
Na¬ Railway Co. Equip. Trust of 1942 of 0.319%.
100.143, a basis of about 1.98%.
;'
0.436%
& Co. of
List Of Legal In¬
vestments—The following bulle¬
Changes
••
Legal¬
cash balance:
ity approved by Storey, Thorn$28,533,238
is the highest
<d0£e, Palmer & Dodge of Boston.
amount
on
record^ J.. Millard Other bids, all for HAs, were as
Tawes, State Comptroller, said follows: First National Bank of
of
Added To The List Of Dec.
-
.
(Serially) 2%s, 1952,
Dated
Public Utilities—As of March
28,
1942, Pennsylvania
Electric
CoV First Mtgq.-3%s, 1972. v-
Winthrop, Mass.
.
Removed From
Sale—The issue of $200r
notes offered April
6 was
Note
000
awarded to. the
The List
Bank
of
Second National
Boston,
at
May 1, 1942, and due $1,000
May 1 from 1943 to 1960 incl.
on
0.319%
dis¬
Paine, Webber & Co. of Toledo,
high bidder, offered a"
price of 100.03 for $12,000 2!/4s
and $6,000 2s.
7
•
second
.
Municipal Obligations—City of count. Due $100,000- on Oct. 31
Hazel Park, Mich.
—
*
ShreveporV La.
and on Dec. 10, 1942, Other bids:
Railroad Bonds—(Pennsylvania Central Hanover Bank & Trust
Attorney
Withdraws
From
The following
System), Pittsburgh, Cincinnati, Co., New York, 0.32%; National Bond Issue Suit
Chicago & St. Louis Ry. Consoli¬ Shawmut Bank of Boston, 0.34%; report appeared in the Royal Oak
Merchants National Bank of Bos¬ "Tribune" of March 28:
dated, Series B, 4%s, 1942. Ma¬
The withdrawal of Oscar Marx,
ton, 0.37%; First National Bank
tured ;April i,* 1942;; •
attorney for the Hazel Park Non¬
"
Railroad
Equipment
Trusts- of Boston, 0.41%.
partisan
Taxpayers Association,
Texas & Pacific Railway; Equip.
—
•
Series JJ
Trust,
1942.
MICHIGAN
(Serially), 4V2S,
Matured April 1, 1942.
from the suit started by the asso¬
ciation to clear the status of
Detroit, Mich.
:
■>.Asks
Offerings
$1,000,000
^:
Needham, Mass,
Note Sale—The issue of $100,- Bonds—Charles G. Oakman, City
will
receive
sealed
000
notes
offered April 6 was Controller,
awarded to the Central Hanover offerings until 10 a>m. (EWT) on
21, to remain firm until
Bank & Trust Co., New York, at April
0.32% discount. Due Dec. 4, 1942. 1 p.m. of the following day, of
non-callable
city bonds in the
Other bids: Norfolk County Trust
amount of approximately $783,000
Co., Needham, 0.337%; Needham
for the city sinking fund, water
National Bank, 0.35%.
board division, and approximately
New Bedford,. Mass.
$217,000 for the city sinking fund,
Note Sale-r-The $600,000 rev¬ general.
Such offerings will be
enue
anticipation notes of 1942 considered under the following
offered April 7 were awarded to conditions:
'
:
of
,
National
the
Boston,
able
at
Shawmut
B^nk of
interest, pay¬
at 0.575%
maturity.
Dated April 7,
Offerings shall be submitted on
the total amount of $1,000,000 and
no
separation between divisions
of Sinking Fund shall be shown
in the offerings.
Offerings shall
show the purpose, the rate of in¬
some
$300,000 in township bonds,
revealed today.
Mayor John G. Campbell
posed
the
to
Hazel
was
,
pro¬
City;
Park
Council that, the city; underwrite
the association's expenses in the
suit, but City Attorney Stanton G*
the city .can not
"subsidize" a private undertaking.
Dondero tuled
Campbell
stakes
interest
suit to
out
declared that
"the
high and the city's
great to allow the
too
are
too
collapse.." Dondero pointed
the
that
city
itself
had
al¬
ready intervened in the litigation
on
a cross-bill,
but he refused to
speculate
the outcome
on
if the
association, the original plaintiff,
Shaw¬ 1942, and payable Nov. 13, 1942,
withdrew.
sisted of State funds—both gen¬
mut Bank of Boston, 100.20; Bond, at the National Shawmut Bank of
The court case seeks to deter
eral and special—and Federal ap¬
Boston.
Legal opinion of Storey,
Judge & Co., 100.18; Arthur Perry
mine who, if anyone, should be
propriations. Tawes said the cash &
Co., 100.10; Coffin & Burr, Thorndike, Palmer & Dodge of terest, date of maturity, the dollar
March 30.
balance
The cash
had
on
steadily
hand
con¬
increased
Boston,
100.233;
National
Plans
Boston, Mass.
$2,776,000
Relief
enue
Bond
Issue—Acting swiftly in an appar¬
ent move to guard against possible
Federal
taxation
of
municipal
bopd issues, Mayor Maurice J.
Tobin
he
announced
March
30
Sale—The
Note
thai
plans to submit an order to
City Council which would
anticipation
$500,000
notes of
April 7 were awarded to
the Second National Bank of Bos¬
offered
Harriman
bids:
0.59%, plus
$2 premium; First Boston Corp.,
rev¬ 0.61%; Bond, Judge & Co., 0.625%.
1942
Norfolk County (P. O. Dedham),
Ripley
Holyoke, Mass.
MASSACHUSETTS
Other
Boston.
100.014.
during the past several months.
&
Co.,
Inc.,
Mass.
Note
ton, at 0.349% interest, payable at
tingell,
maturity.
Notes will be dated
Offering—Ralph D. PetCounty Treasurer, will
receive bids until 11 a.m. on
1942, and payable Dec.
14
15, 1942, at the National Shawmut
of
Bank
of
Boston.
Other
bids:
April
7,
for
the
at
discount
tuberculosis
hospital
purchase
$200,000
maintenance
April
notes.
Dated
April
Co., 0.367%; Park Na¬
14, 1942.
Denoms. $25,000 and
authorize him to borrow $2,776,- tional Bank, Holyoke, 0.397%; Na$10,000. Payable April 9, 1943, at
'tional Shawmut Bank of Boston,
*000 for welfare purposes.
the First National Bank of Bos¬
The matter of the
bopd issue is 0.42%; First Boston Corp., 0.45%. ton, or at the Central Hanover
being placed before the Council a
Ipswich, Mass,
: Bank & Trust Co., New York City.
month ahead of time, he said, in¬
opinion of Ropes, Gray,
Note Sale—The First National Legal
dicating that he was taking this
Bank
of
Boston
purchased on Best, Coolidge & Rugg of Boston
step because Washington is con¬
will be furnished the successful
April 2 an issue of $60,000 rev¬
sidering taxation of city and mu¬
enue notes at 0.38% discount.
Due bidder without charge. Delivery
nicipal bond issues. Also, it is be¬
Dec. 1, 1942. Other bids: National on or about April 15 at the afore¬
lieved that it will be possible to
Shawmut Bank of Boston, 0.43%; mentioned Boston bank, against
finance the bond issue at a lower
Tele¬
Second National Bank of Boston, payment in Boston funds.
interest rate.
A;;.■/: ffi.y' ■:
0.456%.
/A' = phone bids will be accepted.
The $2,776,000 figure represents
a
decrease of $904,000 compared
Salem, Mass.
Massachusetts (Staite of)
Plans Bond Issue—City plans to
with the amount borrowed last
Bond
Offering — William
E.
year.
Boston's total expenditure Hurley, Treasurer and Receiver- offer for sale soon an issue of
the
Weeden &
value
will
and
the
yield.
Offerings
be
accepted on the basis of
the highest net yield to the city
as computed from the dollar price
as
of April 21, 1942.
No bonds
maturing beyond 1959 will be ac¬
cepted.
The city reserves the
right to reject any or all offer¬
ings.
The city reserves the right
on
bonds purchased,
which are
delivered subsequent to April 27,
1942, to pay accrued
that date only.
Additional
interest up to
Offerings
responsible
net
any part of
voided, or paid
by respreading the original spe-.
cial assessment.
ciation
with
Bond
Sale
special assessment refunding
bonds offered April 6—v. 155, p.
pon
a
if
the
litigation
asso¬
were
Michigan (State of)
suc¬
. >
Committee
Re¬
ports
Adverse
Court
Action —The Bondholders'
U.
S.
"Supreme
Committee for Storm Sewer Drain
Districts in
of
Michigan, in a notice
April 2, advised depositors
of Nine Mile-Halfway
District; Centerline Relief
District; Martin Drain and
bonds
Drain
Rapids, Mich.
—The $91,000 cou¬
East Grand
The
Court.
paid Marx a $100 retainer
contract calling for $115
Bondholders'
Drain
April 15.
likely to go to the
cessful.
of
puted from the dollar price, as
suit is
The
State Supreme
dated
on
assessment
that
hold
courts
the basis of the highest
yield to the city as com¬
cepted
of
were
the issue should be
City Controller will receive sealed
offerings on April 15 of non-call¬
able city bonds in the amount of
approximately $852,000 for the
city sinking fund, water board
division.
Offerings will be ac¬
what
The city would benefit if
debts.
the
payment
cover
special
originally
more
Asked—
the
for
the bonds which
Branches
field
Drain
Village
Bloomfield
District
that
District; Bloom-
Drain
No.
on
1
District
Storm
March
30,
and
Sewer
1942,
V
Volume
155
THE COMMERCIAL & FINANCIAL CHRONICLE
Nujnber; 4063
.the Supreme Court of the United
States ..dented; the
committee's
1461
general
and
to have been
Other bids:'
obligation bonds is said city, on any interest payment date ' purchased as 4s at par, and ma¬
approved as to legal¬ from and after five years from ture on Feb. 1, 1952. Interest pay¬
petition for writs of certiorari in ity J>y Charles & Trauernicht of the date of issue, and will be sold able F-A. v
V'
^ '
u
'the cases; involving the bonds of St. Louis.
Dated March 15, 1942. for not less than their par value
these districts.
NEW HAMPSHIRE
This is equivalent
with accrued interest to date of
v'v!'V.;
:L'iCj VBtlduClyy JjLtSS»j
to a final affirmation of the de¬
delivery. All bidders must state
Bonds Sold—City Clerk Mrs. W.
Berlin, N. H.
cision of the Circuit Court of Ap¬
the
lowest
rate
of; interest
at
Note Sale—The issue of $100,000
Y. West states that $50,000 indus¬
which
peals, which held in- substance
they will purchase
the notes offered
trial plant bonds were purchased
April 7 was awarded
bonds at par. The council reserves
,that the taxes levied for the pay¬
to the First National Bank of Bos¬
last December by the First Na¬
ment of these bonds are unenthe right" to reject any and all
tional Bank of Memphis, as 23/4s,
ton, at 0.634% discount.
Dated
\forcable.—V. 154, p. 740.
bids and to sell said bonds at pri¬
at a price of 100.01, a basis
April 13, 1942 and due Dec. 21,
o| vate
The
.
committee's letter
said
in
"There may remain
possi¬
certain
some
bility of relief through
proceedings
in
the
Michigan
courts.
We will shortly give you
our views
as, to this and advise
you whether we tfyink any further
form
of
bondholder
organization
practicable.
We
is
desirable, or
will also advise you
then
to the
as
amount of expense owed by de¬
of the de¬
positors on account
posited bonds.
"Any
suggestion
or'
inquiry
should be addressed to the Secre¬
tary
of
the
Bradford,
about
Newton
bill
James
R.
Dickson
—An
authorizing the issuance of
$2,000,000 short-term notes, when
from
ficient to meet current obligations.
He • says that there is no chance
dispatch
April 2 had the
contained
was
a
compilation of tax statistics
made by a Minneapolis bond firm
County\(P. O. Vicksburg)
Issuance, Contemplated—
Miss. ■
and
received by
the State Board
of Examiners Thursday.
.
V
Current tax delinquencies
by J. G. Sherard, Clerk
of the Board of
Supervisors, that
the Board is considering fhe issu¬
ance of $6,500,000 in bridge pur¬
^V'-MINNESOTA
on
Press
This information
in
It is stated
\
1938, to 9.1% June 30,-1941.
of these notes being issued in the
near future.
Bond
Helena
the State
as a
second
high
every
Township (P. O. Red
Wing) Minn.
Bond
Sale—The
road, and
ann.
fered for sale
semibonds of¬
bridge
April 1—-v. 155,
on
'p.
1172—were awarded to ParkShaughnessy & Co. of St. Paul, as
2s, paying a price of 100.184, a
.basis
of
about
1.94%.
Due
1
bonds
p.
aggregating
lo66
on
*
$900^0,
San
M5"eral
^
fn
n
til' '< counties
-•
rv? if (Gallatin, 3.8%;
t}
I and Weeden & Co. ofv4.5%<; -Missoula,
Francisco, for a premium of
£ilver
Lewis & Clark,
7.9% ; Park, 7%;
Bond Sale—The
n'9%
Bo;v
'
d
yPiiow^
$2,000,000 cou¬ $419, equal to 100.046, a net inter.
ver
,an%yellow
refunding
bonds est cost of about 1.53%, on the stone, 4.6%.
The trend toward a constant re¬
offered for sale at public auction bonds divided:
$130,000 as 2s, due duction in
the .rate of (tax delin¬
ion April 9—v. 155, p. 1267—were on
May 1; $6,000 in 1944 and 1945,
quencies was reversed, however,
awarded to a syndicate composed
$8,000 iri 1946, $110,000 in 1947; in 11 counties
from 1940 to 1941.
of Halsey, Stuart & Co., Inc., Es- the
remaining $770,000 as IV2S, The
increase, in almost every in¬
tabrook & Co. of New York; Paul due
$110,000 from May 1, 1948 to
stance, was very small.
H. Davis & Co., and Daniel F. Rice 1954 incl.
"XX/A'A
Counties with larger tax delin¬
& Ck>., both of Chicago, as lM>s,
Bonds Offered for Investment
quencies in'1941 than in 1940, in¬
paymg—a^ price of 100.14375, a —The
successful
bidders - reof¬ cluded:
! basis of about 1.47%., Dated May
fered the above bonds for general
Beaverhead, Deer Lodge, Lewis
I, 1942. Due $200,000 from May 1,
subscription at j prices to yield & Clark,
Lincoln, Madison, Min¬
1943 to 1952 incl.
/: \
from 0.70% to 1.60%, according to
eral, Misoula,- Park, Sanders, Still¬
The
following coupon. semimaturity.
3 K|;g
water and Teton.
.ann.
bonds aggregating $989,500,
y,!
offered for sale at auction on the Washington School District (P. O.
'
NEBRASKA
same date—v. 155, p.
1365—were
Washington) Mo.
•
also awarded to the above syndi¬
Blair, Neb.
Bond Sale Details—The Secre¬
.
semi-ann.
pon
.
•
-
.
cate as,
1.60s, paying
price of
a
1952 inch
200,000
'
J' \
1267—were
imp't
permanent
1944
1962
to
(work
of
100.28,
March 1
in
for
yield
from, 0.40%
To
'<
/
•
,
until 10
a.m. on
April
a
Co.
the
of
price, of
to
County Independent School
> District No* 84 (P.O.Danvers ),:
Minn.
Bonds—
13.
—
by
Sealed
bids
Lj
D.
a.m.
exceed
to
termine upon at
Virginia School District (P. O.
'Virginia), Minn. : •
Bond
Election—The issuance of
$77,476
refunding
submitted
election
the
to
bonds will
voters
be
at
scheduled for May
is reported, v-"
an
19, it
500
;
'; MISSISSIPPI
-ti.
*
■
'•
•-.v
Choctaw
'
a
Bond
.
$86,250
:
•
!
'?
•
"«•
County (P. O. Acker-,
men), Miss. ]■ \
i
j
..,
Legality Annroved— An
issue
-•
v
t-
of
] 1
3%%
<, <
-•
-
t-f
1
1.1
will
able;on
of
said
become due
and
serial
payr
of
name
dates of issue, title of
issue, maturity dates, number of
each bond, and principal amount
and rate of
of
statement
is
owner
interest, together with!
price
which
at
July. 1, 1943v and a like
the same day each year;
on
J
full, at the option of the
-:i\
/
t
•
TO'J
Rippel,
Sherrerd
Hightstown, N. J.
Bond
Sale—The $6,500 coupon
registered fire engine bonds of¬
fered April 7—v. 155, p. 1068—
or
were
awarded to
Co. of New
H. B.
York,
as>
Boland
2s, at
&
price
a
of
Hastings. Neb.
Bond
100.426, a basis of about 1.85%.
April 1, 1942 and due as
follows: $500 in 1943 and $1,500
from
1944
to
1947
incl.
bonds
1267—were
payable
.
at
•
the
.
sold
office
to
of
lo
5
p:
100.13'
O.
Union),
Sinking
J.
N.
To"
Fund
Purchase
a
the
to
fund
in
finding
solving
a
its prob¬
field for invest¬
ing
the
municipal
project
at
the
of
th
Binghamton, NY>
The
-
Sale—The
Bond
$163,000 cou¬
pon or registered bonds offered
April 2 -^ v. 15, p. 1268 —; were
awarded
the
to
First
National
Bank of
Chicago, as Is,"at a price
100.154, a basis of about 0.97%.
of
Sale
consisted
of:
$40,000 water bonds.
Jan.
on
Due $4,000
1943
from
1
to
1952
incl.
123,000 school bonds.
follows:
as
to! 1947
1951
the
Jan.
bonds
will
be
-
Merle-Smith
&
Int. Rate
'
Rate Bid
and
Gibbons &
George B.
Co.,
,
Inc
1.10%
&
Co
1.10%
Co—1.10%
Roosevelt & Weigold, Inc...
1.20%
Harris Trust & Savings Bk.
1.20%
100.159
100.158
Nuveen
Barr
dated
1942.
Among other bids
the following:
1,
Bidder—
John
from
incl. and $13,000
1952.
of
$15,000
inch;
1948 to
Due Jan. 1
$10,000 from 1943
Bros.
Ccflin
&
&
Rollins
and
Burr
&
Harriman
Sons,
E.
Inc
Ripley & Co., Inc.
Cortlandt
100.046
100.41
100.32
H.
1.20%
1.20%
100.280
100.214
(P. O. Croton-On-Hudson), N. Y.
Bond Issuance Scheduled—Ells¬
a
worth
lower interest rate, in accordance
with the township's improved fi¬
E. Johnson, Town Super¬
visor, reports that legal proceed¬
nancial status.
ings providing for the sale of
$353,500 bonds to fund outstand¬
ing certificates of indebtedness
are
being
prepared by Dillon,
from
the
and by the
is
far
The fund's income
of
payments
in
members
municipality currently
of its
pension
excess
payments.
Vandewater
Under State law, the bonds for
the firehouse cannot
be
issued
York City.
construction
is
that
money
years
loaned by the fund three
ago.
Bond
Sale—The
$85,000 land
acquisition bonds offered April 7
yyy
1267—were $7,000
';"ot
to
au¬
bond issue of $300,000
city's share of the
projects.
original estimate is halved.
were
The
15,
the
cover
Dick
firehouse construction bonds.
the
introduced
was
of December
to
Pension Fund is scheduled to pur¬
chase a scheduled issue of $50,000
lem of
that
thorizing
Bonds—The Police and Firemen's
project is currently being financed
on
a
temporary basis. The pur¬
chase, it was said, will be of aid
in
authorizing the
cost of 1942 WPA
All
(
introduced
was
ordinance
an
repeal
of
Moore
&
from<1943
h- nll
.cn*
to
incl.
1947
v
}
viU
New
The Condon bill vali¬
dating the certificates and pro¬
viding for the funding of a por¬
tion thereof was recently signed
by Gov. Herbert H. Lehman. The
bond issue
will be dated
1942.
/ *
,
, ♦
May 15,
'
'
Gloversville, N. Y.
Bond
tered
Sale —The $96,000
regis¬
refunding bonds of¬
2—v. 155, p. 1268—
water
fered
April
awarded
were
to
E. H. Rollins &
Sons, Inc., New York, as l%s, at
price of 100.08, a basis of about
1.24%. Dated April 1, 1942 and
a
June
due
'15
as
follows:
$8,000
from 1943 to 1948 incl. and $12,000
from 1949 to 1952 incl.
Among
other bids
were
the
following:
Bidder—
Int. RHe
Marine Trust
Geo.
B.
F.
Childs
wood
&
Buffalo
Co
&
Salomon
&
Co.
:.
&
Manu'acHirers
Trust Co.
Hut'ler,...
&
100.19;
100.15.
l',a%
lVa%
100.33
IV2%
100.22.
Bond
.
—v.
to
Saltf
spwer
155.
the
—
Y.
The $4,275
bonds offered
p.
Bank
.
100.30
Traders
.
Great Neck, N.
tered
100.31 •
100.20
1.40';
.1.40%
and Sher¬
Co.
Bros.
R^te Hid
1.4i>%
1.49%
Gibbons & Co., Inc.
Ppabcdy & Co.......
Kidder.
C.
of
Co.
Hemphill, Noves
Details—The
Omaha-—v; 155,
H' 5 it
(P.
Council
in
Hillside,
at
r-
■;Ponca, Neb.
Bond;; Sale
.
100.03'
1%%
■
purchased
County Treasurer.
1C0.158
1.60%
bonds
include
$400,000
bonds, maturing in 1942
and 1943, and $544,000 other mu¬
nicipal bonds, maturing in 1943.
With the same purpose in mind,
Hightstown.
completed.
time, contractors are
paid through issuance of bond an¬
First Trust Co. of Lincoln—v. 155,
p.
1.60%
........
The
Second
—
ref.
Inc......
water'
high bid of par for 2s was made
by
the
First
National
Bank,
Issuance
semi-ann.
*
100.22
•
City Comptroller to seek permis¬
sion from the State Comptroller
to refund $944,000 bonds maturing
this year and next.
Dated
Until
ing. bonds, have been sold.
'
4
'
Co
&
Township
the1
willing to sell the bond.
—v.
155, p. 1366—were awarded
City to H. B. Boland & Co.; New York
thereafter until all such bonds are: -Clerk states thaL the $9,200 Street
-City, as 1.30s, at 100.055, a basis
paid ■ The bonds, whether amorti¬ -Improvement District No. 3 bonds of about 1.289%.
Dated April 1,
zation or serial, will be redeem¬ sold to the Wachob-Bender Corp. 1942, and due
April 1, as follows:
amount
able- in
semi-ann.
f:-'1.
interest
and
bonds
'
*
the
With the fund having
par, some $35,000 in cash on hand, it
and mature on July 1 as follows: can
purchase all the bonds, after
ments during a period of 10 years
$2,500 in 1943 to 1946, and $5,000 being paid for the firehouse bond
from the date of issue.
If serial
in 1947 to 1952; redeemable after
anticipation notes.
bonds ate issued and sold they!
5 years .from date, of
issue, at the
will be in the amount of $100: or
Mercer County (P. O. Trenton),
.city's option. Prin. and int.,(J-J
multiple thereof; the sum of $3,N. J.
$30,000 refunding bonds.
:
forth
set
the owner,
Sold—The Secretary of
theAvBoard A of; C Education states
until
that $9,000 3%% semi-ann. fund¬
6%r payable J-J.
may de¬
the time of sale,
both principal and interest to be
payable
in semi-annual A; instal¬
Connoly.
District Clerk, for the purchase of
-
shall
•
!will be received ? until 11.30
April
E.
as
Bonds
..
.on
Robert
Omaha,
101.21—V;
Cherry County School District No.
82 (P. O.
Valentine), Neb.
;
;
A.
Common
Purchase
ticipation notes.
One such note,
"
" v %
Contemplated— representing $20,000 loaned at 2%
Dated July 1, 1942J Amortization The City Council, is said to be interest, has been purchased by
the fund, and others will be ob¬
bonds will be the first choice and considering the issuance of
$250,tained as the work proceeds.
serial bonds will be. the second 000. municipal; gas
plant revenue
The arrangement has been made
choice of the council. If amortiza¬ bonds.
•
possible by Jhe municipality's re¬
tion bonds are sold and issued the
A v ■
McCook, Neb. '
demption of a $20,000 emergency
entire issue may be put into one
Bond Sale Details
The City relief note in the current town¬
single- bond or divided into sev¬
Clerk states that the $40,000 2*4%
ship
budget.
This represented
eral bonds as the council
not
•Swift
Offering
on
20, by J. I. McDonald, City Clerk,
for! the purchase of $35,000 fire
equipment bonds.'interest 'rate is
1.80^, according to maturity.
Bond
$1,000
to
2V2S,
155, p.
1366—are due in 10 years, optional
after two years,
giving a basis
of about 1.88%. V
at
price
Bond Offering--Sealed bids will
be received
>
to
Schweser
p.
1952, giving a
Missoula, Mont.
public sub¬
scription,, the 1 Vz % bonds priced
: to
yield I from 0.40% to 1.55%,
♦while the. 1.60% bonds were of¬
fered
1943 to
a
.
sold
and
Co.
&
Allen
that the
bonds
Bros.
155,
at
mature
MONTANA
inch
Bonds Offered for Investment—
.
Stern
purchased
and
yfX/A
The; successful bidders reoffered
bonds
to
basis of about 1.69%.
*
.the above
sold
& Co. of Kansas City—v.
,
-
in
bonds
L.
ordinance
Bayonne, N. J.
Seeks
Maturity—The City Clerk states ment.
It
will
also
benefit the
$10,500 semi-ann. paving community as a whole by financ¬
the Board of Education
$10,000 1%% semi-ann.
states that
school
relief
bonds.
Due
$10,000
from May 1, 1943 to 1952 incl.
39,500 school bonds.
Due on
May 1; $1,500, 1943, and $2,000
-
of
tary
100.2627, a basis of about 1.56%:
$750,000 public relief bonds. Due
$75,000 from May 1, 1943 to
Julius
&
100.25
■;'••• 1.60%
Co.;,..
$6,000
Albany, N. Y.
$3,000
Proposed Refunding — The city
The Merchants. National
administration recently acted to
Boston, second high bid- \
ease the
local tax burden during
der, named a price of 101.179 for
the war emergency.
IViS.
In order to prevent a sharp tax
rate increase in a single year, an
NEW JERSEY
"
.
Monell
H.
,
1.60%
Trust
Minsch,
.
and
in 195$^
Bank of
Ta/.'
delinquencies, in other
on last June 30 included:
awarded^to a syn-. Cascade, 4.2%; Custer, 11%;
Cp^r4eIFerSus» 12-5%S Flathead,' 7.5%;
oLhpH
were
*
o
- -
semi-
coupon
Trenton
Butcher
Bank..
Sons
follows:
as
year
FourtHssues! 'erTes1'™ nd* A,j
.July 1 in 1944 to 1956.
Minneapolis, Minn.
City, Mo.
Sale —The
&
Co.
from 1943 to 1954 incl. and
for
.
Kansas
Bond
$38,000
&
p.
and due Feb.
whole have declined
1933,-15.98%;
1939,
13.87%;
1940, 20.6%, and 1941, 9.1%.
Highest; tax
delinquency
for
the year ended last June 30 was
31.3% in Carter county.
Lowest
through E. A. Gessler & Son of St.
Louis. Dated Feb. 1, 1942.
Stroud
100.18
100.169
100.094
100.089
Coffin &
and
1944 to 1953 incl.
& Savs.
Rollins
100.042
IV2V0
l!/a%
l»i%
l'/2r;t>
Merle-Smith
H.
" 4
1.40%
& Co..,..
Co..."....
Haupt & Co
Harris Trust
E.
100.11*.
100.048
"•*'
calling for an issue
1366—were awarded to of
$35,000 trunk sewer construc¬
Burr, of Boston, as l^s, tion bonds.
at a price of 100.32, a basis of
about 1.20%.
Dated Feb. 1, 1942
NEW YORK
155,
v.
—
Featherstone
&
and
Keene, N. H.
Proposed
Bond
Issue — The
Bond Sale4-^The $75,000 coupon
Township Attorney is preparing
airport bonds offered April 8-— an ordinance
been due,
moratoria
—
Ira
Pcole
Freeman
&
Union
since 1938.
This has John
F.
Lee, City Clerk, an¬
in a large measure, to nounces that holders of outstand¬
C: Bond Award Deferred
It is chase revenue bonds.
passed by the Legis¬
ing bonds of the city are invited 1
now
stated by F. W. Hoch, City
lature which allowed payment of
to offer the same for sale to the I
MISSOURI
Treasurer,
that
action
on
the
y
delinquent taxes without penalty city at a regular
meeting of the
award of the $450,000 not exceed¬
Dunklin County Consolidated Sch. or interest charges, and to gen¬ Board
of Commissioners at
11:30;
ing 6% semi-ann. general refund¬ Dist. No. 9 (P. O. Cardwell), Mo. erally
improved
business
and a.m. (EWT) on
April 21. Offers*
ing bonds will be taken by the
Bonds Sold
The Secretary of agricultural conditions, state of¬
should be enclosed in sealed en¬
City Council on April 13, not on the Board of Education reports ficials said.
velopes entitled
"Offer
to ' sell
April 10, as originally intended— that $4,500 4% semi-ann.-refund¬
Tax delinquencies for the state
City of Bayonne, N. J., bonds,"
v. 155, p. 1365.
Due on April 1 in ing
bonds are being purchased as a whole, by years, were:
Duluth, Minn.
M.
Co.
.
bidder,
rate of 0.637%.
a
Schmidt,
M.
Dick
&
1.40'/^.
1.40%
N. J.
following to report:
•
Tax
delinquency in Montana
dropped from 15.98% on June 30,
not suf¬
Warren
Associated
Boston,
named
Tax Delinquency Shows Decline
ture
are
of
S.
Rate Bid
Int. Rate
Halsey,
Securities Corp..;.
Stuart & Co., Inc...
,
Montana (State of)
,V(. './•
that
reports
and if tax collections
1942. The National Shawmut Bank
payable to the City Clerk.
passed in the Legisla¬
was
at
March 23, by
of 2,260 for to 56 against.
Enclose a certified check for $500,
Mississippi (State of)
urer
on
vote
a
Notes Authorized—State Treas¬
a
These bonds carried
the election held
payable J-J.
Committee, W. D.
Broadway,
New
York, New York."
Due
$2,000 from
Jan. 1, 1943 to 1967 inch
Interest
115
.
sale.
2.749%.
'
'
'Bidder—
Equithble
-
•part as follows:
$10,000 from 1948 to 1952 incl.
1268—were
of
Great
regis¬
April 1
awarded
Neck,'
as
:THE COMMERCIAL & FINANCIAL
l%s. Dated March 1, 1942 and due
1 as follows: $500 from
March
$275 in 1951.
1943 tb 1950 incl. and
<
Other bids:
Rate Bid
Int. Rate
Bidder—
Newburger, Loeb & C.o
Harvey Fisk & Sons........
Geo. B. Gibbons & Co., Inc.
RoosfsVelt
lOO-l3.
lC0 i29
23,4%
2.90%
100.10
2.90%
Inc...
Weigold,
&
successful; bid¬
Price Paid—The
for the
der paid a price of par
CHRONICLE
Submits Annual Report—War¬
assesments as a means of sustain¬
time considerations were reflected
ing the ■ budget.
b;;/
in the Twenty-first Annual. Re¬
Turning to the subject of budget
troubles in his April 5 radio ad¬ port of The Port of New £ York
Authority submitted in stream-:
dress, th^ Mayor said:
lined summary form March 31
(P* O. Harrison), N* Y,
Awarded—The
Harrison
Certificate Issue
♦
have
been
of hew facilities, are today mat¬
ters of strategic rather than com¬
operated by the Port'
Authority are vital arteries ysfor
both military and industrial pur¬
poses.
"Even
long-range plans should
not at this time be disclosed in
detail. These con¬
Bond Sale—The $261,000 coupon the
necessary time to this very siderations coupled with the need
or registered bonds
for
conservation
and
offered April important and vital subject. -• I
ecoriojnyj
2—v. 155, p. 1268—were awarded will not have time to do it this dictated our decision to limit this
a
composed of Shields
group
Co., Hornblower & Weeks,
ahd
of
the First of Michigan Corp., all
New York, as 1.80s, at a price
100.115,
of
basis of about 1.78%,
a
Sale consists of:
bonds
apparatus
fire
$7,500
One
1942.
for
bond
of
$500.
Buffalo/ as 2%s, at 100.15, a
basis of about 2.24%. Dated
April
15, 1942, and due $1,000
on
usual difficulties in the prepara¬
tion of : the budgets of the next
two'
three
or
vein
same
years was in the
the statement issued
as
Due Oct. April 3 by the Citizens' Budget
in 1943 Commission after a preliminary
and $2,000 from 1944 to 1946
analysis of the proposed 1942-'43
folows:
as
$1,500
incl.
tax,, levy
9,500 public bldg. bonds of 1942.
One
bond
for
$500, others
Bidder—
Legal proceedings
being prepared by Hawkins,
Delafield 2 & Longfellow of New
York City. The city's corporation
counsel
pointed out
that
last
year's bond issue amounted to
$325,000, of which $150,000 was
for refunding of bonds, $75,000 for
welfare, and $100,000 for WPA.
Last year's issue, he said, was
unusually high because of the
$100,000 asked for WPA, at a time
when it was anticipated that the
budget
of
$568,881,791.
The commission warned
the
that
conditions
and
peacetime to
the
shift
a wartime
all
phases
from
He
bonds
a
basis
10.0.30
100 385
;
2.40%
2'/2%
100.37
DAKOTA
St. Thomas, N. Dak.
Bond
Sttle—The
$3,500
3%
refunding bonds offered
April 1—v. 155, p. 1174—were
purchased' by the Walsh County
State Bank of
Grafton, at par. Due
$500 in 1944 to 1950 incl.
semi-ann.
on
OHIO
Bedford, Ohio
that
said
issued
the
for
$100,000
WPA
were
•
Bond Issue Details—The
$256,-.
(Hudson case unlimited
in
000 31/4 %>
not
was
of
100.44
40%
2
Manufacturers' ^ &
Traders
;
Trust Co, .....,tv.,,
Roosevelt ds Weigold, Inc..,
'
port
specifically earmarked for the
sewage disposal system and could
operation with the repeal of the be used to pay the city share of
Neutrality Act last November. /. ; any WPA project. No WPA issue
"The year saw a substantial, in¬ was thus necessary this year, he
crease
in the volume of export said.
::2
and
import cargoes mo ving
Commenting in general about
through the port. This commerce, the condition of the city, finan¬
surpassing World War I / peak cially, the Corporation Counsel
levels, moved without serious dif¬ said it may be expected that sub¬
ficulty as a result of the extra¬ stantia!
in
effected
Rate Bid
2.40%
2.40%
H.
NORTH
Dec.
Other
Int. Rate
D. -White & Co....
Rollins & Sons, Inc..
Blair ft Co., inc..
E,
are
built.
'
R.
t
Mayor's prediction of un4 points out that the Port of New
York was geared to emergency
The
on
15 from ,1942 to 1971 incl.
j
hope to have my plans report to a brief summary."
Even before the formal, declara-this matter completed the lat¬
tion of war, the Port Authority sewage disposal system would be
ter part of next week.".
week but I
Others $1,000 each.
1
unnecessary
coupon
of
relief purposes.
crossings
$30,000
or
consisting "of $150,000 refunding
obligations and $50,000 for home
mercial. importance. The vehicular,
'Y.
Bond Sale—The
registered school bonds offered
April 7-—v. 155, p. 1368—were
awarded to the Marine Trust Co.
com¬
to
.
v
water carriers on equal
"Preliminary designs, and
estimates
cost*
Seneca Common School Dis*
trict No. S (P; O. Lackawanna)J
West
all
and
•terms.
construction;
,
_
&
rail
be available to
and
year will be even more difficult
National Bank of Rye was
and I ani quite worried about the
awarded on April 7 an issue of
budgets of 1944 and 1945.
$76,736.25 tax certificates of in¬
"I have decided to appoint a
debtedness
at
0.90%
interest.
Dated April 15, 1942 and due July study board on the finances of our
city. This board will be, perhaps,
1, 1942. The Rye Trust Co., second
a
little different from the usual
high bidder, named a rate of 1%,
committee. There is a great deal
plus $1 premium.
of work to do and I am going to
Hempstead, N. Y.
endeavor to get citizens to devote
to
under consideration
pleted and the economic practic¬
the Governors and Legislatures of ability of the project is now be¬
got back to City Hall
the States of New York and New: ing surveyed/'
Thursday morning. It has been a
dificult
ten-day period, perhaps Jersey..;
Poughkeepsie, N. Y.
"Movements of ships; and 4 car-:
the most difficult budget to make
Plans Bond Sale
The city is
during the nine years that "I have goes through the Port ./ of- Now
been making budgets for this city. York," the report states, "changes, expected to, ask for bids sodn for
the purchase of $200,000 bonds,
Our troubles are not over; next in port procedures,
"Well, I finished the budget this
week
Rye
'
are
which/Would
.
—
issue.
•
that sites
Monday, April 13, 1942
tax)
refunding
bonds
recently
awarded to Otis & Co. of Cleve¬
land, and Associates, as 3 %s, at
100.58, a basis of about 3.16%—v.
15§*» p. 1369—are payable as to
principal and interest (J-D) at
the
office of the Director of Fi¬
nance.
Legality to be approved
by Squire, Sanders & Dempsey
each.
Due Oct. 1 as in its finances."
follows: $3,500 in
of Cleveland.
1943 and
The commission said the new
$3,000 in 1944 and 1945.
budget would exhaust the esti¬
Burton, Ohio
t^pnd issues will be neces¬
12,000 firehouse bonds of 1942, mated $24,000,000 surplus in the ordinary effort which had v been
sary next year and in 1944, after
No Tenders
Denom. $1,000. Due $3,000 on
Submitted—George
emergency relief fund and that in made to keep the port in a liquid which" "the: schedule
shows
a
Van Deweel,
Oct. 1 from 1943 to 1946 incl. the 1943-'44
Village Clerk, re¬
budget the city would condition and to eliminate con¬ marked decline in the amount of
ports thsd^ ho offerings were sub¬
82,00 street improvement bonds have to impose economies totaling gestion
and
delays
wherever bonds coming due each year." The
mitted in response to the call for
of .1942. Denom. $1,000.
Due $24,000,000 or else realize that possible.''
^
year, 1944, he said, will be "es¬ tenders on
April 1 of- refunding
Oct. T as follows: $9,000 from much
The report states thatmoti only.
by some new source of
pecially iheavy inasmuch as close bonds, dated April 1, 1940.—V.
1943
to
1945
incl.;; $12,000 revenue-or by increasing the tax were the interstate. bridge / and to
$500,000 in bonds fall due that 155, p. 1174.
from 1946 to 1949 inch and
levy.
Furthermore, each budget tunnel crossings increasingly util¬ year."
$7,000 in 1950.
much include additional millions ized by the armed forces, but they
Cleveland, Ohio
Rochester, N. Y.
93,000 laind acquisition bonds of for mandatory increases.
These also served to expedite'a mount¬
Bond Sale—The issue of
$17,1942.
Denom.
$1,000. Due are the kinds of problems the ing volume of motor truck traffic 2 Proposed Bond Issue—The City
500,000 transportation system rev¬
Oct 1 as follows: $3,000 from
Mayor's
board
will
have
to carrying airplane parts,- machine Council on: March 24 authorized enue
bonds
offered April
9-^i
1943 to 1949 incl. and $4,000 grapple with when it gets to tools/ etc., required for war pur/ an issue of $800,000 pavement v.
155, p. 1369—was awarded to
from 1950 to 1967 incl.
bonds.
work.
poses.
/: % /::/....
a nationwide
syndicate headed by
57,000 refunding bonds of 1942.
Analysis indicates, * it Was / f ur¬ South
port School District No. 3 Blyth & Co., Inc., New York, as
Denom. $1,000.
Due Oct. 1 as j Port of New York Authority, N. Y; ther said, that a large/percentage
33As, at a. price of 100.01112, h
(P. O. Elmira), N Y*
follows: $22,000 in 1950; $9,Financial Position Sound-—In a of
bridge and tunnel traffic was
basis of about 3.7499%.
Among
Bonds Voted—At ah election on
000 from 1951 to 1953 inch new booklet reviewing the finan¬ in the nature of
essential/rather
the principal members of the ac¬
and $8,000 in 1954.
Bonds to cial position of Port of New York than 1 pleasure
travel,
with ', a, April: 1 the, voters authorized an count were the First Boston
Corp.,
be refunded mature in fiscal Authority, the investment bank¬ marked increase on the New Jer- Issue of $25,000 construction bonds
New York, Otis &
Co., Cleveland,
ing firm of R. W. Pressprich & sey-Staten Island bridges due to ind- at i the same time rescinded and
year 1942-4943.
Stranahan, Harris & Co., Inc.,
New York City, sees the their extensive use by workers in the authorization on Dec, 11,1941; TolOdo.
All of the bonds are dated April Co.,
The bonds mature on
of $35,000 bonds.
to defense industries.
1, 1942. Among other bids were Authority in good position
March 1 from 1943
city "is fast approaching
a
crisis
$1,00
'
'
,
,
,
-
.
-
.
withstand
the following:
Bidder" - ^liit.Rate
Halsey, Stuart & Co.. Inc...
1.89%
Kidder, Peabody & Co. end
Bacon, Stevenson
Manufacturers
&
'
■
.
Trust
Co.
Gibbons
and
&
George
and
.
2%
Coffin
&
Rollins
Burr
&
E.
and
Sons,
&
Bros.
Equitable
&
2%
100.43
100.15
'
2%
100.08
2.10%
100:47
Hutaler
Securs.
100.26"
2.10%
Corp.
on
wartime
of
effect
automobile itraffic<
''When considering the possible
of. war restrictions upon
effect
the future movement of passenger
cars it is well to observe that,
if
other
the
H/.
Inc.......
Blair & Co., Inc., and Roose¬
velt & Weigold, Inc
Sa'cmon
100.45
2%
Co.
&
100.32
Buffalo
R. P. White & Co...
Higgnson
Corp.
and
Sherwcod
100.11
B.
Co..
Marine Trust Co. of
Lee
Rite Bid
1.90%
& Co..,
Traders
the
restrictions
revenues
are
to
"The
strategic importance / of
Port-Authority bridges -and tun-,
has
nels
lance. in
The Port
Authority could lose approxi¬ declares,
mately 58%
of its
from- passenger
1942
cover
revenue
and
cars
yet
on
funded debt
ac¬
lAbril /7-%v;
Authority', the report
cooperated / closely
,
secure
vance
a contin¬
efficient use
and
to
2.05%.
warning that the task of balanc¬
the
Which
one
can
used
in
be
current
case
in
somewhat.
however,
funds
revenue
sustained
differ
year
Authority,
reserve
in
has
which
of
any
The
certain
could
necessity,
be
and
New Jersey Joint
1%
p.
Sales consisted of;
\y ;
Legislative
■:
;
Due Feb. 1
each:
New
York's
finances
nounced
in
his
talk
WNYC and
was
an¬
the
in
1943;
solution
be
must
was
Notwithstanding the restriction^ that the committee had
adopted
affecting
passenger
car
traffic the
dynamic
of;
concept
in
found for
,
need
is
indicated
from
time
/to
follows:
as
of
efficient
a
genuine
revision
of
Real estate taxes are.
chief
are
source
one
of
of income.
the
dissatisfaction
chief
with
transportation
as
a
means
of
city's speeding war production. Accord¬
•
ing to plans being developed, sev¬
the city's eral manufacturers will
produce
They also synthetic rubber in some quan¬
the
tax base."
sources
the
of
city gov¬
ernment, and real estate interests
tity before the close of 1943.
2. In
reference
to 2 the.
proposed
terminal,,/the
report discloses that engineering
plans have been completed for the
union
motor
first units as well
as
studies.///,;
4—v.
uance
of the
a
contin¬
Relative
to
a
union
.
marine
con¬
—
of
par.
//
/
f.
The issue of
Bonds
urer
t
par
was
and
$2 pre¬
a
rejected.
Lakewood, Ohio
Sold—The City
Investment
Fund
Treas¬
has
pur¬
Oct, 1 from 1943 to 1952 incl.
are
dated Feb.
Other bids:
Stranalian, / Harris / '&
.Grqham, Parsons &
Hornblower
Weeks,
&
H."'M/ Byllesby
Halsey,' Stuart
and-
&
Blair
.
<?o.f
Co.,
Ohio
$15,000
delinquent tax anticipation bonds
mentioned in
v.
155, p. 1269, werfe
County Sinking Fund
Commission, as 2V2S, at par. Due
Sept. 1/ as follows: $8,000 in 1943
and $7,000 in 1944.
sold to
■
'2.20%
:•
100.18
......
•2.20
«
/Traders /%;///
/-.Trust Co., Kean, Taylor &
•/Co., R. H. Moultcn & Co.-;,
*
Manufacturers
2
.
and
& Go.. ...
& Co., Inc.,
Co,, Inc.....
the
100.049
&
Eldredge & Co.......
2%%
'George* B. Gibbons • & Cc.% ' - t
Inc., Rcbsevelt & Weigo'd,
..Inc.,
and Bacon, Steven- ^
/
sen- &
Co..,,./..... /-;.
2A0vc
/•and
^
Bond Issue Details—The
Rate Bid
Int. Rate
'
,
•
v
Lawrence County (P. O. Irontoh
1942, and were re-offered by
purchasers at prices to yield
0.75% to 2.10%; according
•; Bidder—
-
1^69—was not sold.
p.
mium for 4s
Northridge Rural School District
•/.;'•• (P.
O. Dayton ), Ohio
/ »
.
.
The year 1941 showed
155,
Cincinnati, of
1949
to: maturity.
the necessary,
financial and economic
clinic
the .Board
The bid of Fox, Reusch & Co. of
from
truck
rising trend in Port ; grhin terminal, the study of which
contend that the taxes are levied
Authority revenues that has char- i was-undertaken at the request rof
on
the
basis
of
unjustly high acterized previous years.
the grain trade, the report states
1,
the
vehicular
to-year expedients supplanted by
2%
to
Bonds Not Sold
incl.; $4,000, 1948; $3,000
and 1950; $2,000 in
21951.and $3,000 in 1952.
in
All of the bonds
likely that efforts will be made
time, and which concept is more
city's tax problem.
by the Federal Government to see
truly in line with the fundamental
"The day is not far off/' the that essential users obtain a
sup¬
Mayor said, "when that issue must ply of tires because of the im¬ purposes in the creation of the
Port District.
/.
/
- /
i
be squarely faced and these yearportance
bonds
chased an issue Of $30,000 fire de¬
50,000 fire
apparatus - bonds. partment equipment bonds as
Is,
v Denom. $1,000.
Due $10,000 at par.
Dated
April
1,
1942.
pn Feb. 1 from 1943 to 1947 Denom.
$1,000.
Due $3,000
on
_
the
$10,000
$5,000
1947
v
facilities;
jfche
Sunday
of
struction
.
radio through or on the projects of the
Port
Authority which/ cdhtenj/;
line
Authority, the study points out
further
development
of
iwith: a previous statement iri his that bus. and truck traffic will plates
Port
District
facilities 4 as; .their /-vincl.
budget message that a permanent probably increase and it seems
over
re¬
from $4,000 4% village portion street
f 1944 to 1950 inc! and $3,000 improvement bonds offered April
:; $5,800
feeder
necessary
for
ma¬
purposes,
as
a
whole
only, at 105 on or after March 1,
1946, or in part for sinking fund
purposes at 105 on or after Sept.
1, 1942, in inverse, maturity by lot
if only
portion of maturity is
lief)
bonds /■ of
1942.
One Sinking Fund Trustees, at
bond; for $800, others $1,000
LaGrange, Ohio
revenues|//thd^
the
3.50%, according to
;They' are callable for
funding
sale
and 1962.
.43,800 social welfare (home re4
provide for retirement of debt
about 1960; that it could not be
safely estimated that a reduction
construct
to
turity.
,
Committee had found that hreseht
revenues
are
not
excessive/ tq
highways
incl.
f
f
in tolls 2 would increase,,
or^eyen
these are/not taken Into consider/
in'1951/
'
mainta in present
that the work of the board, the ation in the calculation."
it was desirable to retire Port Au¬
75,000 public works bonds of
membership of which may be
These reserves which could be
;
1942.
Denom.
$1,000.
Due
named next week, would go far applied to debt service if neces¬ thority indebtedness as rapidly as
Feb. 1 as follows: $15,000 in
revenues permit; that every effort
beyond the usual scope of such sary amounted to. $9,516,145 on
1943 and 1944; $10,000,1945 to
should be made by the States to
Dec. 31, 1941, according to the
undertakings.
Mayor LaGuardia's intention to study.
initiate a study of the subject of
1962
for
called.
.
the
losses
155,
re-offered
$310,000 refunding bonds of 1942.
ri / Denom. $1,000. Due Feb. 1 as
Dayton, Ohio
/Bonds Sold—E. E. Hagerman,
/ ..follows: $15,000 from 1943 to
1960 incl. and $20,000 in 1961 Director of Finance, reports the
fund require/ sections.
New York, N. Y.
ments," says the study. "As the
In reference to bridge
and/tun-/
Board to Study Municipal Fi¬ interest and
sinking fund require¬ hel.
tolls;, it is pointed out rthat
nances—Mayor F. H. LaGuardia, ments vary for some later years,
ing the budget would become in¬
creasingly difficult in the next
few years, announced April 5 that
he would appoint a board to make
a
speciaL study of the city's financiafproblems.
He indicated
cou-
ad¬
needed improvements in all
sinking
$478,800
1368—were
awarded to a group composed of
E. fH.- Rollins & Sons, Inc.,' Coffin
& Burr/ Inc., and R. D. White &
Cot, all of New York, as 2.10s, at
a" price of 100.358, a basis of about
has
available facilities
of
Sale—The
were
public
investment at prices to yield from
pqh2/or registered bonds' offered
with other agencies in
in uing effort to
anticipated operating
interest
expenses,
and
net
1941
and
cordingly a. comprehensive (secur^
ity program has been instituted/'
maintained;
Bond
dictated maximum vigi¬
their, protection
and
Troy, N. Y.
v/'1ftnnfiR
100.066
■
/
Bonds Voted—E.
the
mo 729
100.329
,
Board
of
Floy, Clerk of
Education, reports
that the voters approved
an
issue
-
THE COMMERCIAL & FINANCIAL CHRONICLE
[Volume 155 *4 "Numbef- 4063
!
of
$9QJ)00 ' *3 %
•.
bonds at
;
}
Portsmouth, Ohio /, '<•,//■/
Offering—James D. Wil¬
Bond
bids:
liams, City- Auditor, will receive,
sealed
24
bids
for
until
the
not to
2
p.m.
purchase
exceed 6%
Oct.
1
rfrbiri
of -$187,000
interest coupon
1946
to
bonds.
1952
Due
•
$17,000
and
incl.
Of the bonds to be refunded,
"'$37,000.
'from
payable
are •
•J
i»
taxes levied from the iQ^hill
^ :: limitation, and $130,000/from
1
taxes to be levied within the
;
15-mill limitation.
20,000 delinquent tax bonds issued, to pay unsecured indebt¬
edness
of
the
city incurred
//prior to Jan. 1,' 1942.
Due
v
Oct. 1 as f$lows: $2,000 from
1943 to 1949 incl. and $3,000
.
payable. from
levied
»
.
taxes
the
within
to
be
10-mill
All
of
the
bonds
April f 1,.; 1942.
will
dated
be
Denom.
$1,000.
Prin. and int. (A-O) payable at
the City Auditor's office.
Each
•
iSsue of bonds will be sold to the
highest bidder at not less than
par and accrued interest.
Joint
bids
for
both
accepted.
A
issues
will
not
check
certified
be
for
i)
?
t
Oklahoma (State of)
con¬
nection with the sale of the $17,226,058.68 funding bonds of 1941,
series A—-v.'. 155, p. 1370—it is re¬
ported by Carl B. Sebring, State
Treasurer, that the rate involved
was 1%%;; arid it was handled as
an. exchange.
Warrant holders
participated in the exchange, tak¬
ing bonds for warrants.
Warrep
Exempted
Consolidated
Village School
.// "•v,'Tiltonsville),,Oh'iofx/
Bond
Practic¬
ally every: bank in" the State is
said ?tofhavq' participated, as well
District;'{P^.OiA?
'
Sal^—The, $17,500 delin¬
as
outside
some
June 30
Due
banks.
follows:
on
in
to/1955, and $1,126,054.68 in
155, p. 117;4--^were.. awarded to 1956;
v •
>
Fox; R^usch & Co. Jof, Cincinnati^
Shawnee, Okla.
as; 2 ^s,*; at
a price/of :10Q[69,/<a
basis of about 2.13%. Dated April I' Bond 'Offering — Sealed
bidsquent tax bonds offered April 6—
as
$1,150,000
1942
v/
.
-
1, 1942 and due Dec. 1 as follows:
$1,500 in 1943 and $2;000 ftom
1944 to 1951 inch "• Seasongood &
Mayer of Toledo; second high bid/
der; bid a premium of/$37.50^-:
will
bh
,
;
Sale—The, $255,000 ^cou¬
pon ' ' refunding w bonds'■'offered
April 6—v. 155, p.- 1174-^Were
awarded to a group composed of
Prescott, Jones & Co. < arid Wil¬
liam J. Mericka & Co., Inc., both
of Cleveland, and Fox; Reusch &
Co. of Cincinnati, as l%s, at par,
plus, a premium of; $1,841, equal
to 100.721, a basis of about 1.63% ;
Dated April 6, 1942, and due $51,000
Oct.
on
1947
from
1
accordance
in
5929
Statutes,
pjn.
The
1931.
Sec¬
with
Oklahoma
and,i 5930
shall
bonds
lowest rate
the
teceived
on
Successful
,
shall
th0: printed bon ds.
that the
furnish
Enclose a cerr
tified check for 2% of the amount
bf the bid.
Wilson
School District
(P. O.
1% of the bonds bid for, payable
for l3As was made
^ Debt Composition Plan
Harris
creditors of the above district are
Bidder
must
bonds
accept and
within' 30
award.
All
days
bids
must
ditional and state
bonds
bid
to date of
for
the
uncon¬
the number of
for
bid
amount
pay
after
be
and
and
accrued
gross
interest
The
approv-
delivery.
the
v
ing opinion of Peck, Shaffer, Wil¬
&
Gorman, of Cincinnati,
who have supervised the proceed¬
ings authorizing
each issue of
liams
said
bonds
will
furnished
be
to
*'""the successful bidder without ad¬
ditional
•
/;■
cost.
Printing of bonds
will be furnished and paid for by
said city.
Delivery of bonds will
be made outside of said city at
the expense of the
1
-
purchaser.
Rossford, Ohio
>
Bond Offerings—Frank Lavrar,
Village Clerk, will receive sealed
bids until noon on April 18 for
the purchase of $15,050 bonds, as
follows:
$10,790 street improvement bonds.'
Due $1,079 on Sept.
1 from
•
1943 to 1952 incl.
2,840 street improvement bonds.
Due $568 on Sept. 1 from 1943
&
by- Stranahan,
Inc., of Toledo.
Co.,
Other bids:
•
•
.%
>
Premium
Stranahan, Harris & Co...,'.
13,4%.<> $1,742.00
Hawley,
Shephard
&
Co.,
Braun,
Bosworth
&
Co. "
"
and Hayden, Miller & Co.
1,404.00
1%.%
Mcponald-Coolidgo
and
&
Co.i
;v
871.00
13,2»%
Fahey; Clark & Co...
Savings
Bank &
Provident
Trust
Co.
871.00
l3,i'
v.,
Otis
<fc Co.. Singer, Deane &
Scribner,
and
Lawrence
Ccok & Co...;....;
791.50
-Hi 7o
Webber
&
Co..
>.
234.00
l3/4%
■v
2'A-
2.160.00
2 '/<?
r.,.;
Halsey, Stuart & Co., Inc.
Weil, Roth & Irving Co...
Ohio
Company
750.00
Zanesville, Ohio
Bond
$74,000 street,
sewer
and
park bonds offered
April 6—v.
155, p. 1370—were
awarded to
Wood/ Struthers &
Co., Chicago, as l%s, at a price
of 100.318, a basis of about 1.46%.
Dated
April
1,
1942,
and due
Oct. 1, as follows:, $4,Q00 in 1943,
and $5,000 from 1944 to 1957 incl
Second high
bid of 101.458 "for
l3/4s was made by the Harris Trust
& Savings Bank, Chicago.
Zanesville
City School
■■■.
Bond
District,
payable at the
the
in
the
(
'
file
their
Clerk of
sworn -
>
•
(EWT)
burgh), Pa.
-
and
the
details
Interest coupons,
ments.Vj;..^'.,.;;
3;
A
of
o'clock
a.m.,
at
which
1967
to
from
00
1952 incl.
ber
interest
after.
for the best
M.
River
of
interests of
All
terest
Peoples'
payment
furnished
the
successful
int.
(A-O)
payable
at
the office
of the above-mentioned Clerk. No
bonds
name
Toledo,
conditional
Ohio
bids
will
be
consid¬
A Dallas, Ore.
j
:,j-r
Bond Sale—The $2,554.55 semi-
ann.
.
improvement bonds
offered
S.
for
as
to
as
Interest M-N.
troller
by
tion
which
be
assessed
upon
the debt
the bonds
A certified check for $195,
for sale pn April 6—v. 155, p. 1371
4-were
nwarded
to
the
State
bonds
is
un¬
be
The
incl.
ferent rate of interest,- expressed
in
multiples of V4
and
int.
(M-N)
of 1%.
payable
Prin.
the
at
Chemical Bank & Trust
Co., New
City4
Legal opinion as to
the validity of the bonds may be
obtained by the successful bidder
York
at his
tered
will
own
as
be
of the
for 1%
expense.
Bonds regis¬
to principal and interest
exchanged at the request
A
certified
check
of the bonds bid for, pay¬
able to order of the Commissioner
semiseries
the First National bf^ 1942 bonds offered for sale on
Bank of Oklahoma City," jointly; April -S-^v. ;, 155,
p.
1269—were
at a net interest cost of about awarded; to. Fordyce
& Co. of
2.21%. - Due $2,000 in 1945 to 1954 Portland,., as l3/^, at a price; of
incl.
'
100.40, > a basis Tof about 1.67%.
V";
* 1
-ti''•
,;-.v ->
.J '
v
Dated April 1, 1942.
Due $4,000
Guymon, Okla.)
4.
from April 1, 1943 to 1952 incl.
Bond Sale Details -4. The City
Clerk informs, us that the $20,000 k
4:; Medford, Ore.
;
of
Tulsa, and
-
.
•
..
>
.
owner.
terms
-.'..A' "Hillsb°ro, Ore.
building bonds was sold 4 Bond Sale—The $40,000
recently to the Sihall-Milburn CO;- annvlgeneral fund, airport,
school
coupon
airport
purchase
';
bonds
sold to the J. E. Piersol Bond
Co.
.
Bond Sale—The
bnn.
$19,256.90 semi-
shall
of any
be
taxable
by
the
&
are
gations. ' of
from
ad
county;
valorem
taxes
of Oklahoma
1969
syn¬
in
1955
and
1956,
and
1970, $21,000 in
1971
^
1972, $22,000 in 1973, $23,000
$29,000 in 1982.s Call- *
by number in inverse order
able
of
maturity
on
1952, at 105%
est*
or
after April
1,
and accrued inteiv,
April
1, 1952
to
April 1, 1955 to
104% April 1, 1958 "to
1031/2% April 1, 1961 to
1954; at
1957; at.
103%
1966;
1041/2%
April
1021/2%
1,
1964
to
I960;, at
1963;
at.
at
April
1, 1967 to 1969; at
1, 1970 to 1972; at
I'd5h% April 1, 1973 to 1975; aL
101% April 1, 1976 to 1978; andat 100i/>% April 1, 1979 to 1981.
102% ' April
Scully
payable
Prin. and int. payable at the Com¬
levied
monwealth
improvement, series E bonds upon
all the taxable property
City, at a net inter¬ bffered- for sale on April 7—v. therein without limitation as to
Treasury,, is required.
est cost of about 2.30%, as noted 155, p. 1269—were awarded to the
rate or amount.
Enclose a cer¬
here—v. 155, p. 1370—were pur¬ First National Bank of.
Wapakoneta, Ohio
Portland, tified check for $136,000, payable
Bond Sale—The $10,000 coupon chased as follows: $10,000 as 2%s, divided
$9,256.90 as IV2S, due on to the county. • :
fire apparatus purchase bonds of¬ due $2,000 on April 1 in 1945 to March
1;.; $1,756.90 in 1943, $1,500
fered April 2—v.
Brockway, Pa.
1949; $4,000 as 2V4S, due $2,000 on in 1944/ and $2,000, 1945 to 1947,
155, p. 1269—
Were awarded to J. A. White & April 1 in 1950 and 1951, and $6,- with \the!
/remaining $10,000 as H Bond • Sale—The • $42,000
3%
Co. of Cincinnati, as
iy2s, at a 000 as 2s, due $2,000 on April 1 in !l%s," due $2,000 from March 1, coupon sanitary sewer bonds of¬
price of 100.258, a basis of about 1952 to 1954, Int. payable A-O. 1948 to 1952 incl.•
4s
; fered April 2—v.
155, p., 1269—
of the
a
in 1981 and
the
valid general obli¬
the
to
1974, $24,000 in 1975 and 1976, >
$25,000 in 1977, $26,000 in 1978
and 1979, $27,000 in 1980, $28,000
o°f Pittsburgh, that
Churchill,
the bonds
sold
in
ful bidder will be furnished with
Burgwin,
in
and
in
Federal income tax
of
connec¬
1957 and
1959
and
deposit accompanying his
opinion
Authority,
1958, $15,000°
1960, $16,000 in 1961
and
1962, $17,000 in 1963 and
1964, $18,000 in 1965 and 1966,
$19,000 in 1967 and 1968, $20,000
bid will be returned.. The success¬
the
$13,0*00
$14,000 in
law, the successful bidder may, at
his election, be relieved
of his
obligation under the .contract to
purchase the l^onds and in such
case
77.00
242.50
previous report
were
in
proceedings
acter
(P. O. Broken Arrow), Okla. v
Bonds Sold—A $20,000 issue of
May 1 from 1943 to 1946
Bidder may name a dif¬
on
the
and
1954,
jipon
under
•
$1,000
J/4%
$10,000 in 1943 to 1947, $11,000
in 1948 to 195F, $12,000 in 1952 to.
subject to the approval
the
2
MacGregor, and Moore, & Lynch, both of Pitts¬
burgh/ Stein Bros. & Boyce of'
Baltimore, Phillips, Schmertz & v
Co., S. K. Cunningham & Co., and
George G. Applegate, all of Pitts¬
burgh. Financing was completed
by the Authority at a net interest
cost,of about 3.09%.
/Dated April 1, 1942.
Denom.;
$1,000.
Due April 1 as follows:
any present or future law of the
Commonwealth.
The sale of the
of
244.00
2>/4 %
Leonard
authorizing
Bond Offering
the bonds by the Pennsylvania
Rudy Klein,
payable to order of the Board of
Department of Internal Affairs.
City Auditorj will receive seeled
Treasury/Department as 2s, pay¬
bids until noon on April 28 for Education, is required..v
V •444/*,• " -4
ing a price of 100.89, a basis of In the event that prior to the de¬
i\
v-i
the purchase of $4,000 3% coupon
about ;;1.85%.
Dated April 15, livery of the bonds the income
OKLAHOMA
grade elimination bonds.
Dated
1942. Due on April 15 in 1943 to received/by'private holders from
bonds of the same type and char¬
Broken Arrou) School: District w
May 1, 1942. Denom. $1,000. Due
1952 incl.
~
'
ered.
2\'^%
2',2%
Glover &
Con¬
or
thereby
187.50
356.30
Singer, Deane
& Scribner, of Pittsburgh, E. H.
Rollins & Sons, Ific.,
Philadelphia,;
refund any tax
legally levied or
secured
76.09
2(.5J
lV/e
2'/c
dicate composed of
principal only
will
with
terest
Act
dated
County
application.
be
Prem.
1%%
boncts at a price of 98.52, we learn
that the obligations bear 3% in¬
pay or
may
a ;
these columns—v. 155, p. 1270—of
the sale of $690,000 water revenue
par,
the
the
upon
county will
&
Pa.
date there¬
which
101.04,
Bond Issue Details—In
num¬
Bids must be
blank forms
upon
•
Tyson Co..;..
Greenville Municipal
conditioned and for the combined
total of these issues and must be
furnished
,
:
Other bids:
Int. Rate
A.
K.
Schmertz
&
Co...
Butcher & Sherrerd...
Singer, Deane & Scribner..
CiU/ens wat'I Bank, Corry
of the bonds, ex¬
multiple of Vs of 1 %.
Registerable
13/4s, equal to
r-hillips,
all
a
The
H. Rollins
Cunningham & Co
Mcure, Leonard & Lynch;...
George G. Applegate
single rate of in¬
a
E.
to
Bidder—
Warren
or on any
will
bonds.
basis of about 1.54%.
1942. Denom. $1,000. Bid¬
Utility
pressed in
Ore.
f
$208 for
incl.
1972
under
the
$100,-
callable, at
Issued
the
der to
District (P. O. St. Helens),
are
Pennsylvania. Dis-
uncollected
3
r
Com-;
Sons, Inc. of Philadelphia.
Dateid
May 1, 1942, and due May 1 as
follows: $3,000 from 1944 to 1349
incl. and $2,000 in 1950. >
The
successful
bidder
paid a
price of par plus a premium of
May 16, 1939, P. L. 139.
of
May 1,
OREGON
and
May 1, 1947,
on
Court will determine whether the
and
to
the
Sale—The $20,000 coupon
awarded
were
of
are
in inverse order of their
plan of composition is fair, equit¬
able
1968
series
of
equipment and funding bonds of- ;
fered April 6—v. 155, p. r 1269—"
bonds.-.
Due $330,000 on
May 1 from 1943 to 1952 incl.
Bonds maturing from 1950 to
the
the creditors.
year,
incl.
of
free
Corry, Pa.
tax
warrants,
time
1962
3,300,000
Jufte 15, 1942, at 10.00
on
schedule
N
hearing'on the petition will
be held
of
laws
will furnish
Bond
$130,000 from 1943
incl.; $115,000,V 1953
incl.; $110,000 from
1952
-
1963
bonds and judg-
.
be
4444/■
issues, with installments
follows:
to
the
maturity
Issued
Butler, second
high bidder, offered to pay a price
of par for the issue.
-
April 28 for the pur¬
$6,800,000 not to exceed
May of each
on
incl.
future
or
trict
3% interest coupon bonds, divided
follows:
to
address of the creditor
1952
to
monwealth
as
the
with
1,420 street improvement bonds. Bartley, Clerk- of the Board ,of i Bond Election—The Board of
Due $284 on Sept. 1 from 1943
District Directors is said to have
Education,
will
receive- sealed
to 1947 incl./.
bids until noon on April 15 for approved a resolution calling for
Prin.
and
semi-ann.
interest the purchase of $19,500 not to ex¬ an election to be held on May 15
on
the proposed issuance of $1,~
payable at the Rossford Savings ceed \zk% interest coupon delin¬
Bank, Rossford. A certified check quent tax bonds. Dated April 15, 250,000 revenue bonds to acquire
for 2% of the bonds, payable; to 1942. Denom. $500. Due Oct. 15, or construct an electric distribu¬
order of the Village Treasurer, is as follows:: $3,500 in 1943;. and tion system -and make the neces¬
required.
Certified transcript of $4,000 from 1944 to 1947 incl. Bid¬ sary improvements and extension
all proceedings taken in connec¬ der to express rate of interest in of such a system.
tion with issuance of the bonds a multiple of lA of 1%. Prin.-and.
bidder.
ent
on
of
Muskogee,
claims
♦.
...
1943
Offering — Robert G,
Woodside, County Controller, will
requested to
the Court at
-,
Bond
pkla., on or before June 1, 1942,
^t 10,00 o'clock a.m., giving the
and
v
Union Trust Co. of
| Allegheny County (P. O. Pitts-
these
are
-
all taxes levied pursuant to pres-
PENNSYLVANIA
.
will
State's
in New York, or at
Treasurer's
office. in
'• * '•
agency
tween the school district and R..J'.
Columbia
Ohio
Offering 4-; Charles
(J-D)
fiscal
Edwards,. Inc., Oklahoma City,
Okla./ the Creditors Committee/
:
to 1947 incl.
int.
bined
name
Sale—The
The
:•
.
United
filed
1.658.53
2'%■
-
*
a
been
Alh: creditors
Merrill, Turben & Co., Field,
Richards & Co., and Paine,
—
•
.
petition has $3;500,000 bonds, including $2,300,000 series 49 road,
States
$500,000
series 11 park, $350,000 series
District Court for the Eastern Dis¬
6
trict of Oklahoma asking for the
airport, $250,000 series 30
confirmation of a plan of com¬
bridge and $100,000 series 13
building improvement. Com¬
position agreed upon by and be¬
being notified that
w
Int. Rate
Bidder—
'
chase
t6/order of the city, is required.
.
to
of
Scribner
.receive sealed bids until 11 A. M.
Wilson), Okla.-
Second high bid of 100.683
were
:
At¬
town
■
Bids will be
condition
bidder
-i
'
j
The Town
—
s
shall .bear and agreeing to pay par
and accrued interest.
awarded
Singer, Deane y
Pittsburgh, at a ■*.
torney states that $30,000 ,
price of 106.19, a basis of about '
bonds were awarded on March 31 2.33%.
Dated Jan. 1, 1942, and :
to the
Charles N. Tripp Co. of due $2,000 annually from 1943 to
1963 incl. Other bids:
Portland, at par, divided as fol-j
Bidder—
'
.'
Rate Bid '
lows; $7,000. as 2%s, due $1,0001 Moore, Leonard & Lynch
105.683
from May 1, 1944 to 1950; the re¬ S.„ K. Cunningham & Co...,..,,.
104.82
E.
H.
Rollins
&
Sens, Inc...;
104.11
maining $23,000 as :3s, due on Brockwaj? Citizens Bank
100.375 *'
>:K
May 1, $1,000 in 1951 and $2,000 A
Castanea Township School District
in 1952 to 1962.
(P. O. Castanea) Pa.
•; Associated
with
the
above [ Bond Sale—An issue of $8,000
;
named firm in the purchase were:
3% bonds was sold April 1 to the '
Fordyce' & Co.
and
Atkinson,
Johnsonburg First National Bank •
Jones & Co., both of Portland.
of Johnsonburg.
;
-.
V-.-.
!
Riddle, Ore.
Clay
Township
School
District
i Bond Oneringi-Seaied bids will
(P. O. R. D. 2, West Sunbury), Pa. >
be received -until 8 p.m. on April
Bond Sale—The issue of $8,000
13, by I. A. Dean, City Recorder, coupon first series school
addi-/
for the purchase of $14,000-cou¬
tion bonds offered March 30, was 4
pon -city bonds;
Bidders to name awarded to
Phillips, Schmertz & ]
interest rate. Denom. $500. Dated
Co. of Pittsburgh, as 2%s, at a
June
1,' 1942.
Due $1,000 from price of 100.S8, a basis of about
tjTune' 1, 1943 to 1956; callable on 2.65%. Dated May 1, 1942. Denom.;
and after June 1, 1947. Prin. and
$800.
Due $800 on Nov. 1 from
.
inch
"
Myrtle Creek, Ore.
Bonds Sold
(
City
of interest the bonds Riddle.
be sold to the bidder offering
1951
to
7.30
15, by J. C. Coleman,
City Clerk, for the purchase of
$130,000 airport bonds. Due $6,000
in 1945 to 1965 and $4,000 in 1966.
tions
Bond
until
April
Issued
Youngstowhf Qhio
received
be
>
;
f
;
.
Bonds are
limitation.
v
■
Int. Rate Rate Bid
....
,
in 1950 and 1951.
.
.,
T "/•
.
$16,000 from 1953 to 1955 incl.
r
.
'T
Bidder—, :'v
Seasongcod & Mayer...
.'"-Hi %/'• 100.108 •v'
Weil, Roth & Irving Co.
l*&%'v
100.07-'.
Ryan, Sutherland & Co.....
-1%%
100,39 r
First;
'National
Bank ./of;
— i f ';";
Wapakoneta
.....'..v.
2</o '
V Par ■■<
Provident
Saving®
Bank & ' ■ -/-'/v.'-./
Trust Co.
.V.V- 2'100.52
.
follows;.:
as
'"/
■
f
"
\
( Additional Information—In
•'
bonds, as follows:
$167,000
refunding
;
Aprii
on
t
opinion.Dated Jan. 1,. 1942,- and
due $500 on April 1 and Oct.- 1
from
1943
to
1952
incl. / Other
March 31.
on
Purchaser.to pay for. legal
1.45%.
building
school
-
election
an
1463
Trust
Co., of
The bonds
burgh, Trustee.
sued
,
pursuant
Authority
1
to
Act
the
Pittsare
is¬
Municipal
of
1935,
as
amended, and to the resolutionadopted / by
the
Authority
on
March 11, 1942, to provide funds
to pay
for the purchase ; of • the
water works plant and properties
owned
by
the
Greenville
Water
•
THE COMMERCIAL & FINANCIAL
1464
CHRONICLE
Monday, April 13, 1942?
"
•••''•'!
.
'
'
1
'
-
1952, $15,000, 1953 and 1954,
Co., together with all rights and
'-r and $20,000 in 1955; V-r:Wfranchises owned- by said -com¬
/ 143,000 refunding bonds.
Due on
pany and to pay for certain imMay 1; $10,000 in 1949 to 1956,
Vprove'ments to this1 property,- and
$15,000, ; 1957
to
1959, and
to pay all engineering, legal, fi¬
Long-term financing by States and local political divisions dur¬
$18,000 in 1960.
•/v> v.
nancing and other costs incident
Denom. $1,000. Dated May 1, 1942.
the properties of the Shenandoah
ing the past month aggregated only $48,678,844, this being the sec¬
to such acquisition. These obliga¬
be in a mul¬
Citizens Water - & Gas Co., the Rate of interest to
ond successive period that total borrowings fell below the
tions are issued under a trust in¬
$50,Hammond
Water
Co.
and
the tiple of V\ of 1% and,must be the
denture executed by and between
The. output vin February was only $41,153,781 and £;
The 000,000 mark.
Girard Water Co.'
These prop¬ same for all of the bonds.
the Authority and the Trustee.
erties will be operated by the mu¬ bonds will be awarded, to the bid* in January the figure was $119,523,451... If .was in the latter month,
Under the provisions of the Act,
authority together with der offering to take them at the however,'that the City of New York placed an issue of $50,000,000
the bonds shall not be deemed to nicipal
the municipal water system of the lowest rate of interest, at a. price and the New York
be a debt of the borough, or a
City Housing Authority effected sale of $17,city of Shenandoah.
The private not less than par and accrued in¬
pledge of its faith and credit but
By way of contrast, the largest offering in March was
As between bidders nam¬ 350,000.
water companies were owned by terest.
shall be payable solely from rev¬
the Delaware Valley Utilities Co. ing the same rate of interest the ; that, of $16,758,000 by the 'City of Detroit,•> with the next biggest
enues
derived by the Authority
of
and the Penn-Jersey Water Co. amount
premium
will .de¬ emission being the $3,000,000 State of South
Carolina highway '
from the conduct of its business
The
entire
issue vof
Registerable award.
$1,600,000 termine the. award;
The former sale} incidentally, was effected on the last day
together with what other income
bonds is payable solely from rev¬ as to principal only. The refund¬
may. develop as incident thereto.
of the month and the amount involved represented approximately
enues derived from operation of
ing bonds are general obligations
The bonds are a prior lien on the
half of the total offering originally contemplated by the city when
the water systems.
A report on of the county, and the county- is
net revenues of the Authority, but
the completion of the transfer of authorized and required by law the financing was first projected earlier in the year.
The reduced
do not constitute a lien on the
the properties to
the municipal to levy on all taxable property of amount obviously was decided 6n in recognition of the lower trend
physical property of the Authority
the county such ad -valorem taxes
or any part thereof.
Valid and authority appeared in our issue of
of municipal bond prices occasioned by the shock of Secretary
as
Jan. 13, page 200.
may be necessary to pay the
binding obligations of the Au¬
'vV':
U I, i'V.;--' ?
bonds and
the interest
thereon Morgenthau's Cleveland speech of January 24. However, the mar¬
thority, for which it pledges its
Shenandoah School District, Pa.
without limitation as to rate or ket has improved immeasurably in the intervening period, due in
full faith and credit, and the Au¬
Bond Election—At the primary
amount.
The road improvement
principal measure to confidence in the ability of the States£ and
thority has power- to and has election on May 19 the voters
phia, are currently offering for
public subscription $1,250,000 4%
authority bonds, due in 40 years.
They are part of a total of $1,600,000 issued by the above agency in
connection with its acquisition of
Municipal Bond Sales In Marcli
•'.i
The First Quarter
.
■
,
r
•«/,
,
agreed to maintain rates for its
sufficient - to
produce
revenue necessary to meet the in¬
terest and principal payments on
the bonds at all times, in addition
services
will 'consider
operating and maintaining the
system.
Legality approved by
Reed, Smith, Shaw & McClay, of
Pittsburgh.
Johnstown, Pa.
$148,000 Bonds-r-The
Issue
To
$150,OOt)
Rhode
Island
Cities
Rules
j
Bonds
Issue
Authority-
Attorney General John H. Nolan,
in
opinion
an
given
Newport
Section
April
on
City
to
A. Sullivan of
Solicitor Jeremiah
ruled that
329 of the
1938 regarding
1,
of Chapter
25
the
row
by
procedure set up
of the State Legislature will
be followed
the first time in
for
selling the bonds. The first step
under- this procedure,
according
Vincent
Councilman
to
rights of communities to bor¬
money, ruled that the Act
applies to cities as well as towns.
law enacted at the last ses¬
a
sion
Hart-
E.
of
Laws
General
His ruling
Herbert
E.
issued
pursuant
municipalities
Assem¬
taxations
The Act authorizes the
to
to the Act.
-
So much
is
as
of the gasoline
city
issued
bonds
.
the
can
The ordinance relating
be asked.
to
Then bids
of the bonds.
sale
bond
issue
be
can
intro-
ffi duced any time after the resolu¬
has
tion
been
advertised
adopted; must be
group
only
once,
and
be
can
March
1,
could
be
not
The
city
wanted to inform the Council that
be
would
C.
fiscal
agenWori the forthcoming
C.
has
Collings & Co.,
phia
bond firm,
to prepare' a
prospectus and otherwise act as
bond
law
issue, ahd has retained the
firm of Burgwin, Scully &
Churchill, of Pittsburgh,
camouflaged
issue
bond
no
bond
as
attorneys.
Tuesday, May 12, has beCn fixed
as the tentative date for opening
law, the Attorney
opinion pointed out
that while the word "city" was
left out by the 1932 amendment
General in his
regarding
I,'
issues
for
com¬
pursuant
"Considering the facts that
adoption
of
in
General
the
Ne_w York, joint
"but
of the
Drexel &
managers
that
' for
unavailable
or
:
word
be
may
inter¬
P
x
bonds,
Pittsburgh, Pa.
Plans Bond Issue
cil
is
City Coun¬
—
considering legislation
viding for
an
issue
of
pro¬
$1,500,000
cities
towns,
I
of
am
the
.
gasoline tax distributed to the
county, the full faith ^and credit
of the county, and there must be
levied annually upon all the tax¬
general improvement bonds.
' •
to
Scranton, Pa.
Plans Bond Issue
completing plans for
of
$85,000
street
provement bonds.
ment
as
Laws
of
1938 has application to both cities
and towns in this State."
offering
bridge im¬
SOUTH CAROLINA
an
and
1942. recently
the
tanburg), S. C.
$157,300 bonds this
Bond
will
be
Offering
received
—
until
bid~ for, • payable
without
•:
~
Florence
1
trict
to
;
:
Municipal
Authority
(P. O. Shenandoah), Pa.
Bonds Publicly Offered—E. H.
.
Rollins
&
Sons.
Inc.
and
C.
C
Collings & Co., both of Philadel¬
?
-
ates.
fe-offered
'
'
*
headed
by
to. 2.60%,
....
^
2»/4% ^various- municipal.issue
Harriman
Ripley
Co.,
&
-
Inc.,
-.r:\
,:■*.:
t..
•' 'I
■
/•?.; ■ >- "•
;. .•
-
•/
'
,
j * Bond Sale^-The $18,000: *2%"%
sale
for
1270—
on
were
ApriL 3^—v; 155, >p.
purchased at par by
of Min¬
aggregating $500,000, will be sub-:
for
an
April 21:
election,
$400,000
land
purchase, and $100,000 mu¬
nicipal
a i r port
improvement
bonds. Due in not more than 15
:
.
;.-V
TENNESSEE
Water Division
on
•
Light,. Gas
is calling for
June ,1,
$.900,000
coupon
terest.
1952
bonds mature
$460,000
December.-,.,}.;.
retired
£-.1
1465) /
was
..
(Continued on page
*
,
...-
.
-
.
'
.
March. '
-
v
'
;
•"
0' •*'
f
table below of all the various ^
securities placed-in March in the last five years.
....... . < ,<
March'-■19$38 -1
Permanent loans (U'' S.) ^>48.678,844 T79i648,5614' 83,570,146 119,325,184 109.859,180
SSarVSns (0; S i.J 184.030.853 , 60.862,425 133,584,250. 92,846.939 183 305.098
A
Bonds
comparison
US.
is given in the
Possessions--—,None ..None
'
Placed
in
U.
S„———
iv
58,900
None
...
1.049,529
None
:
.750.000 ♦
None
877.356;, 30,380.425
None
v
3,000,000
/
•
None6.270,800
'\
None
and 1953.
Another
last
called
•
combined offerings having^aggregated
•
The
;
The month of March witnessed
;
--
Memphis, Tenn.
Bond Call—The City
-
beginning Bept, 1, 1947.
large-scale borrowing on a tem¬
basis by the State of New Ydfk and- .the City', pf, Now York,.
$160,000,000. Because,
of this fact, we find that the total of such financing by States and
municipalities for the month reached $184,030,853. ; The ,Empire
State had^to pay an interest rate of 0.375% on its offering despite
the fact that the maturity date was only slightly longer than 3
months. - This- represented a, sharp increase over the cost of. such
credit throughout'f JL941,' - when a rate of * no more'«than 0.15% was
required.on the bulk of the State's borrpwings,.
♦
Canadian municipal financing was virtually non-existent dur-,
ing March..
Subscription books on the Dominion Government's
second $600,000,000 Victory bond-issue closed on March 7, and, while
the final results of the'Operation »were not available at this writ¬
ing, unofficial advices indicated that the , sales amounted To., well:
over $900,000,000. > A development of importance during the month;
was
the warning issued by the Alberta Bondholders
Committee
of the possibility that ■ interest coupons on. the bonds ef; the Pro-;
vince, direct and. guaranteed, may be outlawed under the Alberta
Statute of Limitations unless they are cashed prior to the .^xpiption.
of six years after their respective due dates.;-The committee s an¬
nouncement was directed to various bondholders who have .hereto-.
fore refused to cash their coupons at the greatly reduced rate ar*.
bitrarily fixed by the Province;- The committee's report appeared
in the "Chronicle" of April 6; "page 1873. > -- X
♦ !
No United States* Possession financing was undertaken during
.v
.•
Co. of; Toledo, as 1^8, at a price of 100.385, a basis of about
Due aftnually from 1943 to ,l950, inclusiye, and subjectr to call
Bosworth
of its bonds at 104 and accrued in¬
9
«.
,
awarded to an
New York, at a price
of 100.025;*a net interest cost to the city of about 2.06%,
Due serially
from 1943 to 1062, inclusive, and re-offered to yield from 0.60'i. to 2.15%,
.<t.40%.
their
semi-ann., refunding bonds offered
and
ooo;
$75,000 road improvement, series
F bonds.
Due on May 1; $5,000 in 1950, $10,000, 1951 and
'
'
porary
Independent School Dis-
redemption,
following
bonds aggregating $218,-
yield from ;2.10%
to
Due Feb. 1, 1968.
account
,
.
;/?.
the
for the purchase of the
Shenandoah
according to.
' ' '
.
3V« %. bridge purchase revenue 'bofids pur-«
chased at private sale by Btifel, 'Nicola,h$ ..^: Co, of St J<QUis,;.and ,^8Soci-;
;
.
(P. O: Florence), S. Dak.»
(EWT),
on April 23, by R. H. AshClerk of the County Board",
-,
»
DAKOTA
SOUTH
more,
year
approval.
-
>.
>
county.
bids
a.m.
of indebtedness
Co.. New York,
Due annually from 1949 to 1958,
'
*
11
-
.
county.: Enclose a certified
for 2% of- the amount, of
years.
Sealed
and
1,925,000 Houston/ Tex.; 2% " flhd
;
check
Spartanburg County (P. O. ^Spar¬
submitted to council bv Foster W
Nauman, City Controller, showed
that the city was
able,, to issue
'inclusive,
,
*
York, that the bonds are
valid and binding obligations of
The debt state¬
of Jan. 31.
electorate
General
City'Coun-
—
y
„
Reed, Hoyt, Washburn & Clay, of
scheduled
the
according to coupon rate and maturity date:
.
.
suqh
pay
mitted to the. voters at
of
,to 2.66%;
%
y
- according .to. maturity.
1
1 •
*
1,267,000 Camden,.
J.;' refunding bonds taken: byl B. J. Wan Ingert
Co., Inc.,
principal
New Yorjc, and associates, on a bid of 100.65 for 3.40s, a basis of about
and interest as they respectively,
x.C;*3.36%--- Due serially }from 1967 to 1970,
inclusive/ and re-offered to
mature.
The purchaser will be %
yield 3.25%.
^
*_ •
s
,
..
i k
•
furnished
with
the
opinion of
1,112,000 Lucas County, Ohio, refunding bonds sold to a group headed by Braun,
sufficient
opinion that Section 25 of Chap¬
329
.
1957-1960,'
able property in the county a sum
ter
*
t
2,715,000 .Cairo Bridge Commission, 111.,
from such
as
and
due
maturity.
;
,
$1,000 from DeC. I, 1943 to I960;
1940, in a special Act optional on and after June 1,1957.
applicable to a city and parties
Sioux Falls, S. Dak.
.
ularly to the City of Newport, the j ,
Legislature indicated that it felt ■\ Bond Election—Thq issuance of.
that Section 25 applied to both the following not to exceed 2 Vi%
late
as
~
month.
$1,000,000 or more sold during; March were as j
2%s, at 101.20, a basis of about 2.63%.
neapolis. Dated April" 1,1942. "Due-
and
•
^
the Allison-Williams Go.
N
in the recent
3,000,000 South •Carolina tState of) long-term* highway certificates
i,
sold to a group .managed by the Chemical Bank & Trust
Section 25 has application to both
cities and towns;, aind further that
M,
"
"
••
Legislature has indicated that said
L,
of
and $2,412,000 2}As due 1961-1963, making a-net ;
interest cost to the city of about 2.723%.
Re-offered to yield from 0.60% •'
2?/aS
'lv:
the
increasing
J,
issues
-
pleted
B,
follows: $50,-
■
preted to include the word 'city';
A,
as
-
'
that in Section 27 of Chapter 329
of the General Laws of 1938 the
series
1942 quarter,
$16,7.58,000 Detroit, Mich., non-callable series G refunding bonds awarded to a syndivv, cate headed by the Bankers Trust Co. of New York, on a bid of 100.005
for a combination of $6,293,000 3V2S, due 1943-1956, inclusive; $8,053,000
the Act No. 709.
revenue
than $10,000,000 in the
follows:
mature,* then, there'is. pledged,*in
the
more
♦The
approved March 13, 1942,'.and the
interest thereon, as they severally
addition to
5
•
a
ity, and the Detroit offering of $16,758,000
$131,064,000 bond exchange
March,
which; obtained
000,000 New York City, $17,350,000 New York City Housing Author-
group, announced that $82,000 ad¬
ditional
exchanges
Were
com¬
during
of
sues
the grand aggregate to $81,824,000.
This includes exchange of all ser-
„
a
quarter amounted to only $209,356,076, in contrast with the
of $308,163,858 in the corresponding period in 1941.
This
total, it should be noted, includes a number of extremely
large "offerings, as $77,804,557 by the State of Arkansas, $40,000,000
to
sued pursuant to
his contention.
Bros.,,
—
experienced
latter
prompt payment of the bonds is¬
bonds
Co. of Philadelphia, and Lehman
Bonds Exchanged
issue
output
New
Laws, the legislature has used the
word 'town' in said Section 25,"
the Attorney General concluded,
y.
ficient
laws, which indicates, he
said, that cities as well as towns
are
within the meaning of the
chapter on which the Mayor based
the
of
1938
\
bond
munities, there was no coresponding change in a companion section
bids.
Philadelphia, Pa.
under
the
Citing
engaged
Philadel¬
already
recent
current
by
...
until
received
after it had been passed finally.
the
decrease of almost $100,000,000 from the output
for the first three months of the preceding year.
Awards in the
.
public
im¬
provements passed by the General
arrangements have been, com¬
Assembly, unless it states what
pleted for sale of the bonds.
it is intended to spend the money
; Under the old; procedure the
for. The Mayor further stated that
ordinance had to be advertised
the city had the right to issue
four times over a period of 30
bonds up to 3% and said the At¬
days prior to its final passage and
torney General had said so.'.'
bids
passed finally, if necessary, after
of
showed
period
Act No. 709 of tjie
when he claimed that cities, do Acts of 1939 of South Carolina,
not need special
legislative au¬ approved May 5, 1939, and the
amendatory v thereof,- r is
thority; to hire money up to 3 % Acts
pledged to and' .required ■ ; to vbe
of their assessed valuation.
used and applied to the payment
Speaking to Chairman Clifton
L. Tallman of the Council that Of such principal and" interest.
night, the Mayor said, according However, if, for any reason whatr
to the minutes of the meeting, "he soever, such "gasoline tax is insuf¬
there
eminently satisfactory, measured by the outcome of. the«
were
611
1,93?} of. the
up
by;' Mayor State, approved May 27,1937 and New; York • City,-$19,600,000 New York State and $7,663,000 by
Macauley before the ihe Acts amendatory thereof, and Miami, Florida; - These items compare} with; only a handful of is¬
on
•
favorable response to
.
nfett, Director of Accounts and Finance,
will be - for Council to
adopt a
resolution authorizing
ih
made
Council
Newport
was apparent
in reviewing the operations in the field of municipal fihance
for the first^qdarter of; l$42,c we find that the total sales for the
to Act No.
county pursuant
of the Acts, of
conditions
The terms received by the;
the offering from investment interests.
required' to be used ■ and. ap¬
plied to the payment of $554,000
outstanding
their
the award
tax
not
of
subject
to
previous borrowing lasFMay, and the banking
neces¬
during the life of the bonds and
for such period thereafter as may
be necessary to pay the bonds, and
the
proposal
This improvement in market
the outcome of the Detroit financing.
distrib¬
uted by the State to the county
sary
Treasury's
the
defeat
to
obligations, including outstanding and future emissions, to Federal,
issue not' exceeding
$150,000 of bonds and no bonds
have as yet been issued pursuant
apparently backs
allegation
an
be
to
are
Act of the General
an
13, 1942.
(State of)
May
Legislative
Without
bonds.
simplified
to
county
city is completing preparations for
the offering of $148,000 refunding
A
bonds
bly of the State, approved March
RHODE ISLAND
of
.
issue of
an
building repair bonds.
paying the necessary expenses
to
(,|.
Total-—-.'Includes
1942;
none
in
232,768,597r 241,560,515 2?8,781,752 245,552,548.299.435,078
York.Citv in March: ,. $60 000 000 .in
1941; $45,000,000 in 1940; $50,000,000 ir 1939, and *45,000,000 in 1938..
temporary-securities issued by-New
r
7™;fc;r.":r
'
•■
:rr-rrjy;v'««';";
: ■/ v
•
.™
r::r
'
.
'
.-■■■•
'
Volume 155
The numberVof^plaees" in ther United
208' and
were
For
.
Karnes Qounty Rd. .Dist.
: '' I 'V
1174
Lakewood
1267
Lancaster,
add; the following table show¬
1269
Lawrence
*
purposes
we
-
cluded: ,J
and
*
also/issues: by< Canadian
-*'
-
"
»
are
•:'*
March
3 Months
March
$209,356,076
179,648,561
308,163,858
83,570,146
340,253,337
1939
119,325,184
1938
.
1927—88,605,561
116,898;902
221,339,709
59,345,983
316,137,064
1934—
218,265,914
1936——
;
1931—
67,335,063
282,703,824
;___
279,508,181
125,428,605
£ 316,829,935
The various
subdivisions
issues
1917—_
V;:
31,000
100.57
1.40
4,000
100.33
3.17
150,000
Too" 09
1.23
20,000
100.08
1.23
Loraine,
1266
Lynn, Mass. (2 Issues) _^____lJ/4-lVi
Lyon County, Iowa ___^___:_____0.75
1943-1962
1943-1947
r425,000
Lucas County, Ohio i^___________iy2
1943-1950
rdl.112,000
Mackinaw, 111.
Madison
Mahaska
Marietta,
1070
Martin
Ind.
Medford,
1170
Midway Village. S...D., Ohio
Minature,
Monmouth
1363
102.02
1.05
June,
100.26
1.45
Monona, Iowa
2
100.13
1.46
Page No,
.1270
1269
■1170
Name
Alton, Iowa-
2
:
25,000
100.50
1943-1956
357,000
100.07
rl5,000
100.50
P
1956-1972
300,000
1943-1951
97.17
530.000
100.18
30,000
100.31
—
:
.
1372
.
—1
2%
Ballinger, Tex:
Bedford, Ohio
Pa.
Blair, Neb.
:
1071
Blacksburg, S. C.
,
1070
Blakely, Pa.
Bluffton, Ohio ____1—
.:
1174
'
1175
/ 1175
14, S.
__33/4
,
2
__3
Dak._—
;_3
Borger.-Tex.
100
101.03
'•
l'/2
issues»___
(2
Mass.
*
1270 Brownfield Ind. a D., Tex___23/4-3y2
1363 Buena Vista Co., Iowa—____1
•
1362
?
"
1069
'
Bushnell, 111.
Butte, N. Dak.
1362
Cairo, 111.
1362
Cairo Bridge Com., Ill
1363
Calhoun Co., Iowa
1071
'
5
_4
—
Camden. S. C.
1266
Campbellsville,
1265
Camden. N. J.
1170
;
1362
r
1371
1363
.
1269
/
1369
,
(1069
1069
1
1172
-
1943-1950
1943-1956
1943-1947
1943-1947
1-10 yrs.
1943-1952
1947-1952
1947-1951
3»/2 r
1%
2V2
Cherokee County, Iowa
—0.75
Cincinnati, Ohio
2
Clarkton, N. C.
6
Clark County, Ohio
2'/2
Clark County, Ohio
——lMi
Clayton, Cape Vincent, Brownville,
Sch. Twp., Ind
C.
—
Orleans
and
Central
S.
V
1068
1371
972
-
•
r
Cleveland,
Coahoma
County, Miss.
_—
1363 Coffeyville S. D„
•
;
1943-1945
1943-1948
—Vk
1175 Cottle County, Tex.
_5y2
1171 Cotconwood Co. S. D. 74, Minn
2
1369 Cuyahoga County, Ohio
2
1369
'
1364
-
Detroit, Mich.
I
1364
Detroit.
1364
1
.1371
Dillon
Mich.
County,
1005 Dolores Co. Un. H. S.
t
Eastchester,
1267
East Hanover Twp., N. J.
1068
East
Prairie
1270
East
Providence, R.
1266
A
El wood,
N.
Y.
Cons.
<3
S.
5,
Fall
V 1170
1372
Fort
Ind.
1361
River, Mass.
Wayne School City. Ind
IVi'
Ind. S. D., Tex-——5
S.
D., Tex.
—3'/2
—__;____3Va
1372
Gillett, Wis.
1363
Glenwood, Iowa
1363 Gloucester,
Mass.
1269
/
Greenville
1267
Greenwood,
—
_______
Greeley, Colo.
1370 Guymon, Okla.
1175 Hall
1174
1363
Sac
St.
St Louis Park, Minn.
%
Twp., S. C.
1067 St Louis Park, Minn.
Sinton, Tex.
Sioux
County,
Con.
D.,
Skene
1267
Southfield Twp.,
1270
r
:
1065
/
1.53
1170
0.99
1170
Tarrant
6,000
?
10,800
;
1174
Warren
1.82
1071
1071
100
Too
1267
976
•
100.005
2.723
1363
1170
2.723
1170
1174
Henryetta,
Williamstown,
1066
1066
1174
Wilmington, N. C.
1070
Woodville,
Too" 09
*
100.18
9.000
....
So.ooo
r
1943-1947
1944-1969..:
1943-1947
1946
1947-1961
?.
/
2.83
.
100.10
30,000
2.47
100.38
12,000
•1.15
100
7-43,000
100
3.50
15,000
100
.
;
7,500
4.00
,
100
1.50
25,000
101.15
100.26
1.66
1269
High
20,000
.
.
-ZZ'/
■
1
1942-1960 ?
/
1175
Houston, Tex.
1266
Humboldt
1363
Ida
1171
2
;
1
.
Z 100 ./
97,000
1943-1957^
1.50
100.18
,
..
Inkster, Mich.
v
4.00
18,000
102.19
12,000
100
.V
1,925,7)00
1943-1962
-
;:w 100.02
2.29
>
„
; 1269
1069
.
fronton,
Ohio
Islip, N. Y. (2 issues)
issues
1065
T
1372 Jackson, Tenn.
_______
'£—1%
100.02
100.43
100.13
in
our
funds obtained by States
r Refunding bonds.
for
sales
:
previous
months
Page number of the "Chronicle"
Amount
Maturity
Bond
25,000
__„_2
-1'
Page NOv .A
'■
'
">
Name'
r
1071
Colerain
1071
■•
•'('•f'-T
.*'.
following additional sales which
1;:
*
Maturity
Amount
Price
_3
^
County Fresh Water Supply
Dist. No. 8, Tex.
4»/4
:-2Va.
d$20,000
105.15
2.40
100
4.25
40,000
1945-1972
4,000
1942-1951
—
1068 West. Wildwood, N. J.
rl41,000
4
A A
All of the above sales (unless otherwise
V
$41,153,781.
100.71
0.76
0.75
97,000
100.13
3.22
13,500
100.14
1.97
1943-1951
75,000
100.26
1.64
1943-1951
50,000
100.63
1.65
100.03,
2.49
additional
February
temporary
or
issues
RFC
will
and
.
states
that
and water
—
are
loans)
The City
the
$112,000
revenue
refund¬
as
v.
Thomasma Co., Inc., both of San
Antonio, at par. Denom. $1,000.
Coupon bonds, dated April 1,1942.
Due
serially from
April
1, 1943.
Interest payable A-O.
*
Canada
(Dominion
of)
Canada
(Dominion
of)
Joliette,
Que.
1373
Joliette,
Que.
—
^
—
_______—i
Canadian municipal
MUNICIPALITIES IN MARCH
Maturity
Rate
Name
1373
1072
PWA
:
DEBENTURES SOLD BY CANADIAN
P*>ae No.
for February.
total sales (not
for that month
noted)
the
make
was:
2%s—155, p.. 1270—were purchased
by the Columbian Securities Corp.
of
Texas, and the McRoberts-
Basis
1945-1964
Harris
;/:.//
1170 Mondamin, Iowa
2.06
> 100.73
sewer
Sale Details
ing bonds; sold recently
Rate
Twp. S. D., Pa.
order
Coleman, Texas
145.000
(Nov.)
discretion."
15, 1952.
Bast^pr
Price
?'$2,494a000
We have also learned
in previous months:
....
no
15, 1941.
March
Rate
-
(Nov.)„_
on
the voters on March 10, as noted
here, have been purchased by
Mahan, Dittmar & Co. of San
Antonio, divided as follows: $9,000 as 2%s, the remaining $66,000
as 3s. Denom. $1,000. Dated March
15, 1942. Due on M^rch 15 in 1943
to 1956; redeemable ^op or after
1.85
^__i$48,678,844
same,
acted
Browhwood, Texas
(208 municipalities —:————•
included
the
Bonds Sold—The $75,000 school
construction, bonds approved by
D.,
1943-1947
that
Commissioners
issuance
1.95
Putnam
F.
asked
bond
.
2.67
26.000
occurred
including
1946-1951^
;
635,000
discre¬
of
General and therefore voted
Clerk
4.00
;
h
A
had
voted March
r23,000
of tlie
/
7*425,000
1943-1947
Name
the
The
is given for reference purposes.
Page No.
These
r340,000
1943-1947
1
-------1-70
1943-1958
separate issues)
1373
/
and
eliminated from
1.61
1945-1960
—
1944-1982
errone¬
are
abuse
an
5,000
2.67
49,000/ / 100.51
2
Iowa
Following
"
1.97
7-60,000
1942-1946
1
Qounty, Iowa
715,000
1943-1967
can¬
calling for issuance of the
be
set
aside, contending
exercised
1.33
1.69
1943-1967
we
advisory opinion of the Attor¬
ney
100.29
Z
affected,
for issuance of bonds against their
better judgment, and "therefore
:
100.67
Not including $184,030,853 temporary loans or
municipalities from agencies of the Federal Government,
should be
3.50
rl2,000
■
County,
2.17
100.000
20 years
2
Tulon, 111. (Nov.)
3.25
1942-1951
(9 issuesK—_____2-2y4
TOT.80
1.90
1066
1. ;"/
_
~l"96
10,000
21/2-3
j.
Mohegan
1065
2.30
100
210,000
.
1947-1952
4
Hopkins County, Tex.
1071
^-1.-1
Lake
_-A_
100"
21,000
1943-1952
L-—2V2
1170 Hillsboro, Kan.
TOO~40
90,000
2
Rock Island, 111.
Rock Island. 111.
100
(*40,000
1943-1952
4
Point, N. C.
;
25,000
1943-1961
4
1.45
98.52
—
1944-1958
.
1.32
158,000'
.
4
covering 241
and
.
100
:
10,860
2.21
188,482
'
3.50
.%
an
100.38
Optional/
d
30,000
that
r75.00
315.000
Total bond sales for March
5.00
.18,000
—
1.40
2.21
1943-1972
N. Y..;:
V
0.9P
100.10
100.59
.
facili¬
;
Glimpse
bonds
100.38
1943-1952
Ohio-
Valley,
1.23
100.03 A
25,000
Vi
order
20,000
J5s__13/4
Mass.
Wright S. D. 35. Mo..
1269 Yorktown,
Cortlandt
:
100.05
Ind.
1172
1.60
-1--'1,
>3,00025,000
275,000-
.
2.96
>
.
100.78
1.71
105.000
A
1%
Willisville, 111.
Willisville, 111.
10.000
lVa
Okla.
2!/4
Kan_l%-2
2%
1%
Wichita, Kan.
1067
34,000
3.86
1953-1957
__2
Westwood View S. D. 93,
2.723
100.25
;
1942-1963
i——
100.005
30,000
'
1943-1947
1944-1953
2'/4
Pa.
100.005
~ 1947-1967
Hemphill Ind. S. D., Tex.
I.
Mayfield,
Whiting,
100.10
tion."
1.20
TOO"43
rll.OOO
150,000
__1V2
Washington S. D„;Mo.
31,000
—__3ya
Cent. High Sch. Dist. 2, N. Y.—2
:
R.
JL__
ToT 2 3
72.000
1944-1962
1
100.008
*
,
Warwick,
constituted
21,000
1952-1956
1%
County, Ohio
Warwack, R. I. (2. issues)
West
ous,
1.82
.
the
en¬
much less that " their action
1.95
100.01
20,000
r2,412,0Q0
r8,053,000
/
1943-1952
hospital
Commissioners Court
100.29
150.000
.
■;
Commis¬
have
that -the: findings of the
say
225,000
1946-1971
Waltham, Mass.
Too
•
Too""
r6,293,000
4
Wallingford, Conn.._
1266
-
1943-1951
1943-1952
Vandalia, 111.
1361
• •
r24,000
not
A r8.000
3%-4
1170
3.49
101.31
180,000
ment of those
100.15
1947-1949
59,000
Tryon, N. C.
T.17
Too"
•
101.20
65,000
1V4
100.03
-
r30,000
r440,000
3,000,000
1944-1957
2
Topeka, Kan.
1069
1949-1958
l%-2
County, Tex,
111.
TOO.31
7
.100
2%
Sullivan Township, 111.
Tallahassee. Fla.
1072
f75,000
5,000
5
not
and could not ask for
2%
2%
99.80
(
0.71
100.13
7-425,000
4,800
(State of)
100.02
30,000
—--.
10.69 Hempstead and North Hempstead
Carolina
100.14
75,000
1943-1947
the
did
were found to be actually In¬
adequate.
Judge James R. Norvell, an As¬
sociate
Justice, in writing the
opinion, said thtat "there being
4,000 cases of tuberculosis and
only 73 beds available for treat-
T01.06
35,000
,
Mich.
2.59
•r68.000
,
29,000
that
Court
ties
100.12
10,000
1945-1949
1943-1959
alleging
largement 'unless
97.28
rZS.OOO"
1947-1958
0.75
Miss.
101.38
'
I
S.
Thayer,
1.09
r58,050
3'/2
2.05
1065
100.83
-
2
V_
1170
power
160.000
1.90
2.00
sioners
2.50
,
(21,861,000
Iowa ;
2.24
2.50
100
1952-1961
Iowa
100
100
1943-1952
Sequoyah Cons. S. D. 11, Okla
Too" 08
9,000
3,000
:
4
Spring Valley, 111.
Sterling. 111.
16,465
could not be held inadequate, fur¬
ther
3.00
l'/4
South
•
1.65
100
1943-1945
N.
1.47
25,000
1943-1962
____23/4
*
5V4
of
0.76
1944-1952
Tex.
sale
100.73
r425,000
2l/2
Mass.
and
100.57
44,000
1943-1947
___2'/2
Seattle, WashA
974 Selma, N. C.
T6T12
7*43,000
1943-1952
3
Helena
59,500
■
""1959"
l3/4
1
Sidney,
690,000
County Con. Rd. Dist, 1,Tex-3V#;
1067 Haverhill, Mass.
,__2V2
__/___
Iowa
Commissioners
.
40,000
Sheldon,
1943-1949
_________
Hampton, S. C. (2 issues)
2.72
Rockbridge Twp.', 111. *
Rockingham County, N. C.
Rocky River, Ohio
"
1071
2.55
98.01
1174
..."———
.
4.00
100.40
1066
1943-1957
IVz
—
100
15 years
the
issuance
from
$285,000
in .tubercular
hospital
bonds, voted Nov. 5, 1940.
The Glimpse petition held that
the county hospital had enough
available
hospital facilities and
ToT"
r329,500
12,000
1176
132,000
Court
35,000
2.00
.
members. of
100.07
100,000
5.96
100.31
100
100,000
1945-1959
1368
=
r-'
.1944-1959
4,
—
100
100.35
100
2'/2
C.
N.
100.15
1943-1956
1V2
Auth., Pa—___
Miss.
0.745
_
2'/2-2%
i
County,
dismissing a
al, wnich
sought to restrain Bexar Co. and
155,000
1943-1980
Rochester, Mich.
1170
-—__
___«1.^0
Munlc.
3.%
Ranger, Tex.
Roanoke Rapids,
972
San Juan.
100.006
1943-1961
Ky.
1371
1943-1947
l'/V
—
_____
1%-2'A
Kan.
7 47.000
1946-1955
1943-1952
>
4
^
1169
-
./
—
Gadsden, Ala. .(5 issues)
1361 Gadsden, Ala,
.
v
•
Worth
French Ind.
County.
Salem,
r6;000
Favetteville, N. C.
1270 Fort
44,
40,000
1943-1952
1946-1948
—1%
l'/4
___—~2%-3
1172 Fishers Island Fire Dist., N. Y.__2>/2
1269.
Pulaski
971
D.
1943-1952
The
in
Court
(224,000
1944-1962
1'/4
issues)
—
as
suit by F. B. Glimpse et
17,000
5
(2
2.07
,
1954-1956
1961-1963
1943-1957
1942-1951
1943-1946
1943-1951
'
■1363
S.
H.
Upheld
"News"
affirmed the decision of the 45th
District
"100.08
100.000
1944-1946
4
Tex.
2.95
,
1958-1960
,1__3
Mo.—4y2
1.
Prairie
1176
rll2,000
1943-1956 '-
*
1.10
issues)
D.
1363
Neches,
1270
1943-1968
Dist. 1, Colo..4
1367
Portsmouth, N.
101.91
•
2'/4~
__2,/2-23/4
C.
S.
Port
Port of Pasco, Wash.
1267
100
9,200
1%
(2 issues)
1176
1067
15.000
;
_21/2
Detroit, Mich.
;
T
Tex.
'901,000
.-
1945-1954
_____3M»
2 V2
:
Neb.
Port Arthur,
1.65
_____—~_
;_
Ponca,
977
2.44
28,000
——.
—2
Dayton, Ohio
Dayton Ind. S. D., Texas
3.42
10.387
•
1175
1267
100.18
5,000
1267 David City. Neb..
;
'
•
18,727
1943-1967
1943-1947
1362 Cook County S. D. 76, 111
I-
Pomeroy, Wash.
100.75
56,000
-—
973 Colonie, N. Y.
I
__2'/4
2
1068 Columbus, Miss. __J—
1267 Concord, N. H.
-3/4-l
1174 Conneaut, Ohio
—_______l'/4
v
99.25
___^
Antonio
of April 1
follows: The
4th Court of Civil Appeals today
101.06
100,000
1372
8,000
r425,000
1943-1960
1945-1950
1943-1948 t
1270 Coleman, Tex. _____S/_^\______23/4
;
;
99,000
65,000
1943-1957
1943-1967
2%
—1'/2
1
Clymer S. D., Pa.
1949-1951
1267
_-_c—~3 -__2'/4
Miss.
lJ/2
48,000
-
1943-1956
2.10
Cleveland, Ohio
Polk County, Iowa
San
Legality
reported in part
100.31
1266
100.32
-
•
'/. 1269
2.28
100.16
D.
1, N. Y.
100,000
r340,000
1363
—
No.
20,000
1943-1962
34,000
1943-1952
1943-1947
3%
1067
45,000
__4
Lyme
—2.30
Texas
T0T.17
23/4
1174
3.36
100.65
175,000
July 1 in 1949
'
on
County (P. O. San Antonio),
Bond
65,000
1943-1960
0.75
^____
1071
>. rd43.000
27,000
Charleston County, S.
Lvme
0.76
Bexar
100.14
Pocahontas-Co., Iowa
1362
rl,267,000
27,000
1943-1962
Pittston S. D.,
1369
100.72
1943-1947
PhOenix, Ariz.
Pa; '
1.85%,
follows:
as
interest payable J-J..
Too" 5 3
114.41
1072
2,775.000
7,000
1967-1970
Catlettsburg, Ky/.Center Twp.
4.00
100
-
r r340.000
1942-1957'
—__._3.40
Cardington, Ohio :—
1172 Cape Vincent, Clayton and
Central S. D. No. 1, N.
/
32,500
—
1069
;
1963
1943-1947
1942-1946
±_3'/4
Ky.
•'
1
—3'/4
1
_—__—2»/z
Carbondale, 111.
1366
■/' 2,000 '
'
1943-1952
3
;
5.00
100
14,000
100.15
3,600
133,000
2
1372
T.76
100.72
7340.000
_r__
1.47
100/7
;; 125,000
-r~——-
2~33
100.14
75.000
1943-1952
1942-1971/
1943-1947 •. '
r326,000
1943-1952
1363
Too
ToT51
50,000
1943-1962
'
1943-1945
lJ/2
—
divided
13/4S, due
as
to 1962.
"100.22
1071
3.63
101.20
100
r(283,000
45,000
.
1065
3.75
60,000
1943-1962
2-20 years
Pascagoula Rur, Sep. S. D., Miss.__
Paterson, N. J.
.1.90
1267
'25,000
Av 28,000
rdl46,000
1944-1969 ,'.
,1944-1960,
000
Ind.
(2 issues)
A;
1943 to 1948;
100.06
1942-1946
Ottumwa, Iowa
1068
T0T21
10,500
County, Iowa
Osgood,
Oswego, N. Y.
1363
0.81
r556,000
Brady Lake S. D., Ohio____„____2 »/z
Brockton,
100.57
"125,000
•
1067
60,000
"
——;;
1943-1962 ••
1069
■
120,000
c
,
/'•
—3%
——
—
Booth, S. D.
.
100
__0.50
Corp., Ky
in
announcement
3s, due on July 1 in
the remaining $336,-
as
100
1,500
16,000
Osceola
Sch.
bonds
no,000
Ohio
1173
0.88
$114,000
the
1942-1944
Olympia, Wash. —A__
Pu.
100.10
1943-1958
2'/2
3-334
2V4
Co.
on
3
/__
1
the
net interest cost of about
104.32
23/4
—
D., Tex__—
N. J.
1266
1.48
100.31
Miss.
1363
3.50
100.13
Oaklyli,
a
Too.31
r200,000
1943-1962
1171
.3.16
100
12,000
144,000 i
Nixon Ind. S.
Y
'
T55.000
1943-1952
2.10
________
division
Texas
7": //A. ■'
Bond Sale—The $450,000 semiann. airpor,t bonds offered for sale
on April 2—v.
155, p. 1175—were
awarded jointly to' the Mercan¬
tile-Commerce Bank & Trust Co..
of St. Louis, Martin, Burns & Corbett of Chicago, and Garrett &
Co. of Dallas, at a price of 100.029,
r285,000
2%
3
Pa.
1270
Too
■;
100.58
r256,000
„
1943-19521943-1946
1943-1947V.-,
1942-1966'
2'/2
_________
TOO'""
N.ewton,
1367
0.96
1-3
Newport, Ky.
New Rochelle, N.
1372
1.48
100.14
J—
'
•
rw-4
——
1366
1944-1953
l'/a
——1
1
N. J.—
Beverly, Mass.
Biloxi, Miss.
-
100.08
50,000
3'/4
Berks County,
100.05
rl50,000
100.05
r248,000
Ohio
1172
2.92
r25,jDO0
..10,000
Boston,
1069
rl5,000
i_3>/fe
Plaine, Minn."——i:
Bergen County,
1363
>100/
3
ufort, S. C. JU——„
Belle
1952-1966
1943-1952x1
1943-1960
-
—
••
't 1268 Auburn, N. Y.
20 years
d60,000
.
100.26
5,000
1944-1972
Newport, Ky. __A
Newport Twp. S. D.,
9,540
1943-1947
Newburyport, Mass.
1071
1943-1952
1V4
New
1266
1943-1947
3»/2
1269
.15,000,
-
---l'A
Mass..._-/_
1067
2.54
.rl3,000
////——--AZ
v--:
100.03
24,000
:
-
Basis
100
$125,000
1943-1963
-
Price
Amount
;
Z -1949-1964
1069 Ansonia School Dist.i Ohio^>—j1270 Arlington, Tex.
23/f-3
1269 Asheboro, N. Y.
*
—2%-3
1174 Ashland, Ohio
1 ^
.
S Maturity
Rate„
•
t
Abilenp, Tex. —_,r-—*3-3 Vz
Alamance Co., N. C._„
2-2 >/2
New Bedford,
1951,"
TEXAS
•
1364
the
indebtedness
A ustin>
c
49,000
•A
(25,000
issues) ____1.40
of
1.47
100.34
1943-1967
Z_____3-3 V2
(4
40,000
200,000
5-20 years
2.40
free
be
2.50
1943-1951
'
County, N. J.
Montgomery, Ala.
1367 Mt. Vernon. NA Y.
Too""
36,500
__3'/2
debt,
said.
will
(212,000
1943-1950
.
:
Neb.
1265
during the- past month were as follows:
T.98
<,r96,000
l'/a
of
reduction
100.10
22,000
2V2
1366
brought out by the States and their local
0.62
rl5,500
1943-1948
4
Tex.
D.,
city announced.
"By making reitrements and by
continuing normal schedule for
3.24
101.31
1943-1952
S.
Mass.
the
100.52
A
1943-1952
Metropolis. Paving Dis. 10 .111
Middletown Twp., N. J. -__-_____23/4
1367
T~41
<217,455
1952
'
lVa
1269
75,130,589
101,047,293
1.40
108.50
A
40,500
1943-1949
A
lJ/4
Ky.
25,000
•A,:
will
retirement
$3,480,000
10,000
"Memphlsi Tenn:
1071
106,239,269
'
35,017,852
1943-1948
50,000
-
1943-1966
1
Mo.
County,
1072-McLeod
971
D.
0.67
TOO.05
'
1
June
outstanding and
will saVe the city $162,660 in in¬
terest over the life of the bonds,
1.43
100.23
100.38
/
The
leave
r40,000
1944T954
___4
Ohio
T0T06
400,000
i
._l3/4
Malheur CO. "Un. H. S.'D. 4, Ore.„3'/2
Marshall S.
(Continued from page 1464)
■
A r72,778
>
l>/4-lJ/2
County, Ind. ___l
County, Iowa
1070
174,073,118
1943-1950
Neb.; _L-__.^_,_-_________2,/4
1267
204,456,916
_l»/4
McMlnnville, Ore.
1174
292,061,290
1946-1948
1/
1170
295,559,537
246,574,494
l>/4
lex.*
McCook,
City
Department
~2~69
15,000
1172
449,603,589
1930:—-—J:-——
1943-1950
Y.
1170
326,297,507
1923-1^1—69,575,262
19Z2————I— 116,816,422
1921—:—51,570,797
1920—5$,838,866
1919—50,221,395
1018-/■; 28,376,235
300,921,678
98,012,229
1933)^—v—
13,928,639
1932—109,163,07V
________
1943-1952
100.56
Logansport Sch; City, Ind.
N.
State and
4.00
100.11
1176
Falls,
'•
Basis
Price
100
41,700
Little
1265
372,613,765
359,623,729
1925—111,067,656
1924-—.JJ—-—„
101,135,402
309,562,106
128)568,023
1935—————— 150,313,000
1937—__v—:
___1V2
D., Ohio
■
30,000
,1.1943-1962
Co., Ohio
1371
For the /■' 3 Months'
1929^V£ia'A—-—$105,7,75,676'^251,388,122
1928j_;_:^___—i__ ;129,832,864;' 364,000,414
276,948,227
109,859,180
________
1943-1949
Tex__2'/2
Mo.
■■'l
1465
7,500
3'/4
City S.
"
t"
ci300,000
-—2%
1267
Month of
V
,
1943-1961
;
•. •
-v
1363
ex¬
'
*
4,
,l
v'
A Amountv
Maturity
i.i
,
'
1070
municipalities;,
.
p For the /"
$48,678,844
194U_,w_:a-^___
V' -' >;y
•
1268
1
Month of
•
1362
series^^
? In these figures temporary loans,VNew York City's "general,
fund"-- bonds
•
Rate
.
kingsport, Tenn.
and 217 for
ing the aggregates ;for' Mair chand the ' tKree; months for ^
years.
■'
Jerauld County, S. Dak.
,2
"Jonesvillc, S. C.___l———____4
.977
i96
f
comparative
1371
1071
1176
24},respectively^ •>This ppntrasts-,with.
February.
Name
Page No.
States selling; permanent
of separate issues made during March, 1942,
bonds and the number
. '■
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
:
■■'
'
'
^___4
4
20 years
//A
Amount
*$45.000,000
Price
Corpus
'
Bond
Basis
101.25
23,500
101.90
15 years
Christi,
Texas
Contemplated—City
Secretary T. R. Kring states that
*45,000,000
35.400
bonds sold in March___
Sale
the
$100,000
civilian
$58,900
not
defense
to
exceed
purpose
4%^
bonds,
*
1169
Jefferson County,
Ala. (2 issues) _L2'A>
1945-1956 *.
7-395,000
♦Temporary loan;
not included in total for month. A-
:T
i4-A-
-
•
-
Z
approved by the voters
on,
March
'
THE
1466
West Virginia (Stdte 'o f) : after date;; optional after
Bond Offering—Sealed bids will
Prin. and int. (May 1)
payable at the County Treasurer's be received until 1 p.m. (EWT);
La Feria Independent School Dis¬
office in Pasco, or at ;the State on April 14, by Governor Mat¬
trict (P. O. La Feria),, Texas
j Treasurer's office incOlympia. thew M. Neely, for the'purchase
Bonds Not Sold—It is stated by
Legal approval to be furnished by of an -issue of .$1,000,000 road
the Superintendent of the School the County Attorney. A certified bonds.
Interest rate is not to ex¬
Board
that no satisfactory bids check for.,5%
is required with ceed 4%, payable - M-S./. Dated
were received for the $100,00Q not
April 1, 1942. . Coupon.bonds in
bid.^t ■^
to exceed 4% semi-ann. refunding
$1,000 denoms., convertible into
Seattle, Wash.
/
•
bonds offered for sale on April 3
fully registered bonds of $1,000
Annexation Proposal Defeated and
-—v. 155, p. 1270. : Dated April 10,
$5,000 denoms.
Due $40,000
1942. Due on April 10 in 1943 to —It is stated that by a vote of
April 1, 1943 to 1967./ Rate of
about two to one, the/ voters in
1965 incl.
interest to be in a mulitple of 1A
|
1
various precincts north of Seattle
of 1%.
A part of the issue may
Lewisville Independent School Dis-.
emphatically rejected on March 33 bear one rate and a
part a dif¬
trict (P. O. Lewisville) Texas
the
proposition that they apply
ferent rate.
Not more .than/ two
Bonds Soldr—-It is reported that for annexation to; the
city,
15
shortly to local
sold
14, will be
purchasers.
// i*y:z^-///;/
"
j'
years
highway improvement/ series H-A
even
bonds./;: Inasmuch
■■
three years.
for
struction
greatly
1943,
be
in
road : con¬
as
-.
the
•
State
is
curtailed /for
bonds will
for
up
•
/
other
eliminating the figures
of. Milwaukee, -the
general indebtedness of
cities
state
from
has
/ $46,440/717
dropped
$40,315,111
to
during this period.
v
/ -i
"
> .-
Smaller Wisconsin cities which
■
■
after
the /city
bonded
probably
time, ./
some
be
1942'' and
these
held
to
'ufy,?l>iC'lVisconsin (State^of jx
now do not have outstanding ariy
Fur»
general obligation bonds include
dispatch from
Madison on April 5 reported in Alma, Arcadia, Black River Falls,
Brodhead,
Delavan,
Dodgevillie,
part as follows:
Fountain City/Hartford,
Hudson,
i
Thetotal
outstanding
city
tiadysmith, / Mauston,: ; Mosinee/
bonded
debts in
Wisconsin has
dropped from the high point of Montello, Montreal, New Lisbon,
Prescot,
Richland
Center
and
^/ City/ Bonded/Debts^ Show
ther
'
,
Drop
A
—..
-
$'92,820,717
at the end
of
1931
to
Wisconsin
Dells, the league said.
The league emphasized munic¬
which com¬
ipalities strive to -achieve a debt
The bonds will be - sold, parative, ; figures/ have been re¬
Spokane County ]School District one bid.
free basis "primarily because they
to the bidder offering to take the leased J|y the State Department of
No. 81 (P. 0. Spokane), Wash.
desire to reduce municipal ex¬
bonds bearing the lowest interest Taxatiori, the League, of Wiscon¬
Bond
Offering — Sealed bids
penditures by eliminating the in-%
rate and to pay the
sin Municipalities has
will be received until 10 a.m.: on
highes^ price
reported.
terest that must/be paid -when
offered for / bonds/ bearing, such
The league pointed out that bonds are issued."' •
ApriJ 24, by Frank j.. Glover,1
rate,
Prin/ and/ int. payable .in
County Treasurer, for the pur¬
lawful money at the State Treas¬
chase of $110,000 coupon construc¬
urer's office, or at the National
tion bonds.
Interest rate is not to
City
Bank,
New
York.
These
exceed / 4%,.' payable
semi-ann.
bonds are issued under authority
Dated May 1, 1942, or any con¬
will
rates
$36,000 building bonds have been
purchased at ' par by. Garrett &
Co. of Dallas.
O.
Montague County (P.
Monday, April-'13, 1942
COMMERCIAL^ FINANCIAL .CHRONICLE
Montague), Texas
be
considered
in
■
$56,205,111
the
any
last
at / the
date
,
of
end
1940,
on
.
Details—In
Sale
Bond
with
tion
sale
the
connec¬
the
of
$60,000
$25,000)
3%% /: semi-ann.
bridge refunding bonds
R. K. Dunbar & Co. of Austin,
(not
road
to
.
and
noted here in December,
it is now
venient date
reported that the
bonds
were
purchased at par and mature on
to
sale.
Christi)
held
—
Texas
At the election
March 21
on
the
voters
ap¬
proved the issuance of $1,500,000
in defense roads bonds by
sub¬
a
stantial margin.
Texas
Pecos,
Bonds Voted—At
tion
the
approved
recent elec¬
a
said
voters, are
to
issuance of
the
flying / school
wide margin.
bonds
have
$50,000
by
a
very
San Antonio, Texas
Authorized — The
issu¬
,
/"
«
Bonds
of
ance
ter
$40,000 3J/2% health cen¬
revenue
bonds
was
amendment
to
known "as.
tion
the
Constitu-:
$50,000,000
State
;
The American Petroleum. Institute estimates that the daily
average crude oil .production for the week ended April 4, 1942/was
Road Bond Amendment and under
Denom.
authority of an Act of, the: State 3,418^300
barrels,
Legislature, 1941 Regular Session, week and
96,000
decrease of 401,550 barrels under the preceding
below the figure for the corresponding
was also 248,500 barrels under
No. 20, passed Feb.' 24,/1941. >To
to
1965
are
callable ; any time
the/daily average output for the month of April as recommended by
secure the payment of this bond,
.the office of < Petroleum Coordinator.
after10 years from date. Bidders
These recommendations now
principal sum and interest/when
are
represent' the production; of all 'petroleum
requested to submit bids for
liquids, Including crude
other funds and revenues suffi¬
oil, condensate and natural gas derivatives recovered from oil, con¬
(1) all of the bonds, (2) for the
cient are not. available ' for that
first $80,000 and (3) for the first
densate and gas fields.. Formerly, the recommended rates were for
purpose, it is agreed that, within
crude oil; only. -Further details as
$50,000 specifying in each bid (a)
reported.by'the institute follow;
the limits prescribed by the Con¬
the lowest rate. of interest and
Reports received from refining companies owning 86.9% of the
stitution, the Board of
Public
4,684,000 barrel estimated, daily potential refining capacity of the
premium, if any,; above par,; at
Works of the State shall annually
United States, indicate that the
which the bidder will purchase
industry as a whole ran to stills, on
cause to be levied and collected
a Bureau of Mines'
the bonds bicjf for; or. (b) the low¬
basis, 3,515,000 barrels of crude oil daily during
an annual State tax on all
prop¬
est rate of interest at which the
the/week/ ended April 4, 1942, and; that all companies had in storage
erty in the State, until said bond
at refineries, bulk; terminals, in transit and in
bidder will purchase the bonds bid
pipe lines as of ihe
is fully paid, sufficient to pay, the
ehd of. that week, 105,149,000 barrels of finished and unfinished
for at par in the case of each such
annual interest on said bonds and
bid.
General obligations, author¬
gasoline. The total Amount of gasoline produced by aR companies
the principal sum thereof within
:is estimated to have been 11,180,000 barrels
ized at a special election held on
during the Week under
the time this bond becomes due
March 10, 1942, for the purpose
reviev\j.J:///f\- ■ •■,,//.;///:,/ /
•;/;^///////./ /
arid payable.
"In; the event/ that
of paying the cost of the construc¬
DAILY AVERAGE CRUDE OIL PRODUCTION (FIGURES IN
BARRELS)
prior to the delivery of the bonds
;
i '
tion and; equipment of a trade
a State
—Actual Production—
the income received /by private
a O.P.C.
Allow-/;
Week
4 Weeks
Week:
school building within the dis¬
Change
y
("
i| /
holders from bonds of, the sarnie
! Ended
Recommenables
From
i d
Ended
Ended
trict. Prin. and int. payable at;the
dations Beginning
Previous
April 4
/ April 4
April 5
type and character shall be ..de¬
•'
County Treasurer's office, or at
1942
Week;•Z 1942 '/;
April 1
/; April
1941
clared to be taxable under; pres¬
the fiscal agency ,of the State of
Oklahoma J
436,9.00
+
2,550
436,9001 b389,900
422 050
890,960
ent Federal income tai laws, ei¬
Kansas
"
253,400
5246,700
253,400 >
+
7,800
237,200
209,850
Washington in New .York City, or ther
1
v
by a ruling of the Bureau Nebraska
5,000 •v :>
+
54,250
100
4.300
4,150
at
the
State
Treasurer's office,
of Internal Revenue or by a deci¬
and as subsequently determined
Panhandle Texas V-,— •
58,600
30,600 ?
> 77,000
70,600
sion /' of /anyFederal/ Court/ */or North
Texas
147,400
1,400
146,000
129,050
by the district upon the sale of shall
be taxable by the terms of West Texas
/
179,050
54,150
192,200
203.300
the bonds. The bonds will be sold
;
East Central Texas__
79,200
10,800
83.050
75.550
any
Federal
income
tax
law
1955, and $7,OQO ift 1956 to 1960.
Nueces County (P. O. Corpus I
Bonds Voted
of
determined by the
$1,000.
Due as fol¬
lows: $4,000 in 1944 to 1950, $5/000
in 1951 to 1958 and $6,000 in 1959
to 1965.
Bonds maturing in -1959
$5,000 in 1951
April 1, as follows:
as
Board of Directors at the time of
Daily Average Grade €|| Production For Week
Ended April 4,1942 Off 401/BID Barrels
authorized
known
as
Enrolled
Senate
Bill
•week
a.
barrels
last year.
The current figure
'
recently by the City Council. Due
'• V;.'•
'■}'
V.
;
.
\v
*
Shelby County Road District No. 7
♦'»
(P. O. Center), Texas
The bonds
are
posit
Washougal, Wash.
Bond
be
Sale—The
accompanying
returned."..
his
bid
reported
ann.
The bonds
East
cannot
will
-
Louisiana
Total
in
years.
/
tal
and for other purposes.
Improvement, District No. 3
(P. O. Seattle), Wash.
73.685
16,900
—
1,202,200
80,800
249,050
70,460
329,850
75,650
1,100
235.500
,
305 900
74,850
>
,71.300
.
49,800
+-
Eastern
b98,450
93,300
17.250
354,400
•>314,200
3,350
319,400
317.650
h8.100
1,250
18,700
:/,,- i9,ooo
(not
.18,200 ?/;
,
,
-
.*
■
"+ '-4,200*
incl.
*
111.
&
Ind.)_.^„_.
Michigan
Wyoming
New
6,900
.
Mexico
5,100
86,000
3.007.000
California
82,200
d659,800
s
75.450
21,450
19.000
-5,650
•
*
,
3.850
.
.
10,600
90.100
109.050
—374,350
555,800
3,009.100
2.905,100
27,200
—
1418,300
3,666,800
>
500
—
•.'2,862,500
659,800
States
Total United
86,000
•
37,100
> 90,800
:
200
+
91,150
48,500
1,750
\
.
21,600
98,900
5,000
+
./• 89,250
V
5,450
+
51,200
'
■
23,700
Total East of Calif.
'
88,900
.
,
,
102,250
60,200
1:
Montana
Colorado
102,600
r
602,200
609,200
3,611,3*00*
—401,550
3,514.300
Beginning with April the O.P.C. recommendations represent the production of all
petroleum liquids, including crude oil,^condensate and natural gas derivatives recovered
a
from
oil
oil,
condensate
only.
In
and
State allowables
States
somfe
it
fields.
gas
also
are
considered
is
Formerly the recommended rates
calculated
that
on
certain
the
wells
basis
same
are
unable
for
were
crude
beginning with April.
to
produce
their
lull
allowable, and therefore actual production will be less than the allowables stated above.
'bOkla., Kans„ Neb., Miss.,- Ind. figures are for week ended 7 a. m. April 1.
/#c This is the net basic 30-day allowable as
it will increase as new wells are completed,
of April
and
if
1,
but
experience indicates that
upward revisions are made..
any
With p
few exceptions the entire State was ordered shut down on April 3. 4, 5, 6, 10. 11,
12. 13,'17,'18/ip, 20/ 24, 25,126/ 27, 29 and 30;
d Rconimendaiion: of Conservation Committee of California Oil Producers.
f
*
TO STILLS;
RUNS
CRUDE
PRODUCTION
OF
GASOLINE;
STOCKS
OF
.
FINISHED AND UNFINISHED GASOLINE AND GAS AND FUEL
i(
...
WEEK?ENDED APRIL 4,
1942
^
:
.
,
■
///:/;:
...
-
VIRGINIA
•
•'
■//.
.
:
/ /. Figures in this section include reported totals
V.„:v
'
v plus an estimate of unreported amounts and are
1, 1941. / Bonds .y "r*fT
f y )
.
......
therefore on a Bureau of Mines basis——.
should be presented at the Guar¬
:i
t.i(-;///;:
'
;
;
X Gasoline
<<i
%y
'' ^//.'■:.....
Production
anty Trust Co., New. York City, /v'"' / " ' '
'
•
eStocks eStocks
I
Daily Refining
at ReStocks
together with June 1,-1942, and
Crude
fineries
Finished
of Gas
of Re'Capacity
subsequent coupons. /
Runs to Stills
Includ.
and Un-'
PotenOil and
sidual
tial '% Re-;-:
•/■Holders..of. said bonds should
Daily
% Op- Natural finished Distillate
Fuel
-riulni^red
,
,,
..
,
WEST
u
^
/(Figures in Thousands of Barrels of 42 Gallons Each)
..
.
'OIL;
'
.
>t
„
-
Offering—It is stated by
Heath, County Engineer, that
bids will be received by the Board
of
County Commissioners until
■
Piedrficnt,. W. Ya.
.
J
Bonds Offered to Public—John¬
son & McLean, Inc. of
Pittsburgh
-
mail
or
deliver them to the above
bank .and
receive
in
payment
offering for general invest¬
April 13, at 10 a.m., for the pur¬ ment
therefor
the
par
value ■ of'" the
$25,000 3%% coupon water
chase of $45,000 bonds.
/;././ works revenue bonds at prices to bonds together with payment of
June 1, 1942, interest and together
Pasco School District No.* 1 (P. O. yield-from 2.00% to 3.30%, ac¬
with a premium of $40 for" each
cording to maturity. Denom. $1,Pasco), Wash.
/
$1,000 bond. '
: ;/// ;///
Bond
*
- • '/
Offering — We
are
in¬ 000. Dated. April 1, 1942. Due $1.-/
.
tendent
Booth, Superin¬
Schools,
that- the
of
Treasurer
of
Franklin
000
from
incl.
April
1,
Redeemable
1944
on
to
and
1968
after
County
will receive sealed bids untij 10
a.m., on April 28, for the purchase
of $50,000 3V2% coupon gymna¬
payable at the State Sinking Fund
sium addition bonds.
to
Dated
;
May
.
Denom.
1, 1942.
$1;Due in
Rate
East Coast"'
—
J
April 1, 1953. Prin. and int. (A-O)
approved •by
Cutlet of Chicago.
Winnebago County (Pi O. ///•
/ Oshkosh), Wis.
Issuance
;
plated—It is stated
Hedke.
Not
Contem¬
ill... Ky._.'
Okla.,
Texas
-
/—--
Texas
Gulf
v
Louisiana
Gulf
No.
Arkansas..
La.
&
/w.'i-i.*
Rocky Mountain
tr.
by Arthur E.
S.'"&.
of
Uf S.
basis.
U.
S.
Bur.
^
v
'42'
Mines
28.
4,684
'
•
86.9
of
f
-
.•'/''
Finished, 96,949,000 bbl.;
included
in
lines. ~
>
3,515
86.9 v 3,667
4,684
basts,'April 5,r1941,
pipe
1.089
7.500
1,427
.
""
a
1,780
230
,,,
,
604
,
59.783
-
11,180 al05,149
78.3
31,231
82,455
11,663
75.0
'•
31,756
83,045
of M.
B,
Mar.
641
3,685
M.
basts,'April 4,.'1942
Tot.
,
,
California;./ .__J
Tot.
Oil
5,716
,
Mo..
Kansas,
Inland
1
Bond
County - Clerk, that noth¬
ing definite has been done toward
Chapman &
issuing1 any of the. $75,000 not ex£
JJvf ceeding ' 5"% J semi-ann. county
Commission/ Charleston. Legality
be
'
Appalachian
Ind.,
Fuels
porting Average eratcd Blended Gasoline
429 60.1 - - 1,161
17,319
/ 7,005
1741"
84.5
158
90.8
503
3.747
365
784 84.9 • 691 v 88.1
2.586
23,250
.
2,662
418
81.1 •-». 331
79.2 ,
1,240
10,327
802
266
65.0
157
59.0 O
789 3,859.-,r. -/ 93
1,130 I
91.3
/ 866
76.6.r ,2,391, , 20,842
6,989
.176 i
94.9 •> 15568,1/
436
4.553,1,299
97 ;
51.5
74
76.3
225
1.237,;'.
-106
f 138 '
50.7
96
69.6 >
323
2,553 •
276
:787 i
90.9 ■>.
558
70.9
1,526
-17,462
11,634
/ 714 / 100.0
-
.
are
;
formed by C.' L.
000.
74,000
?
c
16,350
T—
.
1,185,300
550
—
318.000
•
Indiana
'
ines
extending. ./into
Skagit revenue bpndsr
County, to provide working capi¬ 336, dated Dec.
King County Sewerage and Drain¬
Bond
338.466
229 500
1
Mississippi
Illinois
.
1
J. R.
313.000
V
„
191.600
242,650
364,500
80,550
v
237,450
L/
_/
.
1,045,650
s
297,600
167.650
66,350
—
-
WASHINGTON
age
Cl,174.801
■
■■
-:,v-'v-,
Louisiana
Arkansas
.
apportionment
>
.
276,750
59,000
—
218,550
,1,134,000
North
-
—142,200
136,850
Coastal Louisiana
Dele¬ the electrical properties now /op¬
•,. ■
Ashland, Wis. r r : ■ .'*<the first re-„ erated by the Puget Sound Power
Bond Call—Mayor G/ F. John¬ >
more
than 20 & Light Co. in the district, to¬ son is
calling -for. payment on
'•
* fe
i
gether with certain transmission June 1," water workkf
mortgage -.>vv/
be
226.000
•
,
Coastal Texas
will
town
—
Texas
Southwest' Texas
.
This
■
—
Senate and House of
gates.
•
—
•
.
State
-
—
-
$9,000 semibe sold at less than par and ac¬
hall, general obligation
that $15,000 4V2% semi-ann. road bonds offered for sale on April 6 crued "interest.' -Accrued interest
to be calculated from April 1,1942,
and'bridge warrants have been t-v. ; 155,; p. ;1270--were awarded
Purchasers will be required to
purchased at par by C. N. Burt & to Arthur E. Nelson r& Co.- of
Co. of Dallas.
Spokane, according to the Town pay accrued interest to date I of
Delivery * will be made
Clerk.
Dated April 1, <1942.
Due delivery.
in New York City.
VIRGINIA
To expedite
April 1 in 1944 to 1952 inPcl. /
delivery if desired, inter micer?
South Norfolk (P.tO. Norfolk) Vq.
Whatcom
County Public Utility tificates will be furnished pur¬
Bond Offering Not Scheduled—
District No. 1 (p. O. Bellingham),< chasers.
The purchaser or pur¬
The City Clerk states thqt the of¬
>>
; Wash.
> chasers will be furnished with the
fering date for $150,000 sewage
Bond Offering Contemplated— final approving opinion of Cald¬
disposal bonds has not been fixed
It is stated : by C. A.'
Pedersbn, well & Raymond of New York,
as yet.
President of the Board of Com¬ but will be required to pay the
Virginia (State of)
missioners, that arrangements are fee for approving the bonds. En¬
Redistricting Bill Signed—Gov¬ being made fto advertise, wi.thin close a certified check for 2% of
ernor
Darden on April 2 signed the next few
days, for bids on the. face value of the bonds /bid
into
law
the
redistricting bill $5,875,0,00 electric revenue bonds. for. payable to. the State.
/ ]
enacted by the General Assembly The proceeds from the sale will
to reapportion membership in the be used to finance
WISCONSIN
"; 3'
acquisition of
It is
v
■
County (P. O. Mount
Pleasant) Texas
—
j
<
1.
de¬
;
»
•
i
,
Warrants Sold
/
«
.
•
| to the bidder making the best bid, hereafter enacted, the successful
!
the balance of an original issue subject to* the right of the district bidder
may,
at his election, be
to reject any and all bids.
A cer¬
of
$50,000
51/2%
bonds
issued
relieved of his obligations under
Feb. 9, 1920, scheduled to mature tified check for 5% of the amount
the / contract
to/ purchase ; the
of the 'bid, is required./
up to 1950.
bonds and in such case the
Titus
*
"
.
•
completed negotia¬
tions providing for the refunding
of $27,000 outstanding bonds of
the
above
district,
into
bonds
bearing 4% interest and maturing
from 1943 to 1971.
V
.
-
have
to
•
i.
'// Bond Refunding—The county is
said
-
■
.
$4,000 in 1943 to 1952 incl.
foregoing
i
:
/
,
\
3,617" >'
.
"
■
106,624
'
11,817
-
',..
'
98,566^«. • 29,538
.
93,803
unfinished. 8,200,000 JbbI,' Stocks of aviation'gasoline
are
/totals/ /.'/'/At 'refineries,' /at^./bulk*'rtrminals//in'/ transit/ and^ in
' '.i "
"
I
",i
".
■
.Volume 155
THE COMMERCIAL & FINANCIAL: CHRONICLE
Number 4063
'
%.
1 Redemption Calls and Sinking Fund
When
:
Collins
Holders
Eaycple
of Rec,
Per
:
Companyi quar;)
$2>/a
4-
4-15
7
1467
-V: '>■*•
:i:; v ? ' * Name of Company
.'
Per
When
Holders
share
Payable
of Rec.
■
Public
.
Service
Co;
of
Indiana—
*
Consolidated-Chemical; Industries, Inc.—$1750 partl'C."preferred,'- claSs A (quar.)
Consolidated
Below will be found
and
preferred
stocks
list of corporate bonds, notes,
a
called
:\,f
Company and Issue—
:
.Date
..
Courtauld's,- Ltd.—
Co.-—
"
•.»'
Frist totge. lien & refunding' 5% bonds/ due 1956—J l
First mtge. lien & refunding 5%
bonds; due 1951—Jiiri 11:
Allied Owners Corp. 1st; lien: income bonds, due 195811 Apr 15
H First lien; income
bonds/ due -1958—YY;£---£—:£_■£££May; 6
Buffalo Creek RR.
1st
mtge. 3%%
bonds, series A,
.
497.
'
Southern
Utilities
Co.—
n
1407 i
• *
*
.
Dividend
Domestic
•
■
Litchfield
1
1122
bonds, due 1955
May
1
bonds, 1955__
—May
1
Mead Corp. 15-year. 4,VSe%- 1st mtge. bonds, due 1955__Apr 22
Missouri Pubirtr Service Co dst mortgage 5%
bonds,
series A, due Aug. 1, 1960
Apr 27
National Gas & Electric Corp. 1st lien collateral trust
Co.
Ry.-1st mtge. 5s,
due 1959
May
National
Gas
lien
First
Niagara
*
&
8%
Corp.
Pennsylvania
*
5s, due 1953, series' Ai.-u.Apr
20-year 5l/2% convertible deben;
•
r
Federated
>:
due
Penn
1947__1954
•_
Goldale
Houston
...^
'
1416
-*'
j;
Light Co. first consolidated
mortgage 5% gold bonds, due 1944
May
1
United Gas & Electric Corp. 7% preferred stock_-_
Apr 14
United Light & Power Co. 6%
gold debenture bonds, V
"
Haute
series
6V2%
Traction
due
A,
gold
debentures,
due
1974—.:
r,y2
-
►
6%
10-year
deb.
conv.
• Announcements
in
gold
this
bonds,
issue.
dated
1925
1
May
preferred
1023
1023
1
1223
1423
;
'/
■
4-15
;
.
Accessories
Aircraft
; $0.54
American
Can
American
•
7%
Markets,
Super
Co.
&
Car
—
Per
Inc.
iquar.)
_
Foundry
Motorists
Quarterly
American
Ins.
$1%
30c
Co.
37'/2c
;
(Chicago)—
£___
_
Stove
4-15
of
Co
Telephone
$1.25
>
preferred
"Atlantic
Baker
(J.
,5YttVo
Bank
T.)
1
7%
4-25
7%
4-15
prior preferred
1
1
4-21
1
3-21
6-
1
5-15
3-31
1
1
1
1
4-15*
5-
1
4-15
40c
5-1
4-20
5-1
4-20
37J/2c
31J/4c
SIVfc
—
pref.
(quar.)
Birtman Elec.
<quar.)_
Co.
preferred
Inc.
5-
1
4-15
4-10
5-
1
Nat'l,
;
Ass'n.
$1%
S1V2 '
82Vic
___
iquar.)___
common
4- 1
,4-15
65c
3-31
4-14
4-
1
25c
$1%
5- 1
5- 1
5-
25c
second
preferred
£___:
1
68%c
$2.75
preferred (quar.)
Bowser (S. F.) & Co., Inc.—
$.50 1st pref. (first declared since
5-15
5-25
5-25
50c
6-
5-
1
^5-1
10c
4-15
7-
1
1
1
(quar.)
25c
4-15
4-
:
15c
5-31
25c
4-14
.
25c
1
•••
6-15
^
>4-
t5c
5-15
t$lV'2
5-"1
Fire
Insur.
Canadian
Association
Insurance
Investors
:
Special
Centtal
Central
Corp.
'
Power
Tel.
&
Co.
Light Co., 7%
1
5-
1
4-18*
••6%
Cerro
de
Chain
Store
.
Pasco
Corporatiott-^"—-—--
Columbus'
Foods
Trust
5%-' preferred
Concord
t6%
Electric
preferred
Corp., 7%
Corp.,
4-
$lJ/2
5-1
$1
Reduction
Co.,
Power
Oil
&
4-14
$1 y2
4-
J.55y2c
6-
4-
5-
1
Airlines,
3-31
3-23
3-23
3-23
$1V2
4-15
4-
50c
5-
1
4-17
American
$l'/4
5-
1
4-17
(Mass.)—
Sec.
20c
Petroleum
v
pref.
(quar.)J
v
.
:__
v
;>■
'-5-
50c
•
c$iya
45-
1
Co./ 5V2r/o
preferred
(Wm.)/ Ltd.,* 7%r pref.
Bedford. Gas
&
England Fund
York
4-15
4- 4
4- 4'
1
10-
1
4-
10-
1
of
Goods,
<
1%
Co.
preferred
(quar.)
Northern .Trust
Co.
Amoskeag
5-1
4-20
3-31
4-15
3-25
Anchor
4-21
Anchor
5-1
4-20
-5%
Co., 7%
Fence,
preferred
dividends
ment for the
4-
7
4-
7
4-15
4-15
6% preferred
Arlington Mills
4-
$iy4
4-
1
4-1
Arnold
$lJ/2
J
1
4-30
4-16
$5
4-30
4
—J;
,
4-15
4-30
4-15
4-15
3-31
5%
Atlantic
$1
4-15
3-31
$lVa
4- 1
3-28
25c
4-14
4-
5-15
4-21
4-30.
4- 3
4-15
4-
4-15
$l>/4
$2'4
3-31
1
4-15
3-16.
-50c
5- 1
4-20 %
50c
5-.1
4-14
5-
4-14
$l'/4
1
4-
1*
t$2
4-15
75c
7- 6
6-20
7-
6-20
$2.25
50c
i__
6
4-20
4-10
15c
represent
4-20
4-15
4-
1
4-15
4-
1
6-30
6-23
'
common—
preferred___.«__„
above
4-30
t$30
t$25
6%
Y,
pay-
,
$1
$3
Works, 5%
non-cumulative
6-30
6-23
Sl'/a
£
4-15
4-
:_
—
preferred
50c
Industries, Ltd.—
*" '
American deposits receipts for ordinary
Atchison Topeka & Santa Fe Ry
Atlantic Coast Line RR.—
4-10
4-15
Shoe Co.," common (quar.)
20c
preferred (quar.)„
—$1V4
Panama.Coca-Cola Bottling Co. (quar.)
30c
Print
4,
4
3-16
>
Associated Electric
5%
4-15
5
"
preferred
(s-a)
4-
Nunn-Bush
9-
12-
five year period from May
$l>/2
;
9-15
25c
1, 1932 to May 1, 1937.
Arcade Cotton, Mills/ common
1
6-
12-15
$1%
__
two
4-14*
4-14
$1V8
(quar.)—
(s-a)
Post
1
6-15
$1%
(semi-annual)
common
& {£able Co
Hocking Glass Corp.,
The
5-16-
4-15
5-
4
4-15
$2
BotJJe Co., com. A.__
Anaconda Wire
3-31
1
20c
(quar.)
(Phila-.)—
American Woolen
4-20
$1
——
Hampshire)
3-20
5-1
4-15
4-
4-13
20c
(quar.)
4-1
15c
4-15
4-15
683/4c
133/4c
5-
11-25
$1%
American Viscose Corp., common
5%
preferred (quar.)___
preferred
8-25
.12- 1
$1%
American Thermos
$4.50
5-25
1
$1%
5-15
75c
3-15
6- 1
9-
(Chic.) (quar.)
pref. (quar.)__
4-15
40c
4-1
monthly)
Co.
1
1
4-20
£4-15
•
3-20
4-1
$1%
1
6-
4-15
*
5-
Co.,
4-15
4- 4
4-15
•
$l3/4
Co.—
& Tr.
& Tel.
4-16
5- 1
4-30
4-15
:
$1%
(quar.)
T
6-
$l>/4
12-15
$1 Va
•
Telephone (Abilene, Kansas)—
5%. preferred (quar.)
■
15c
int.)
12-31
$1%
pref. A
$$l3/4
Co.
beneficial
9-15
12-15
50c
(quar.)__
preferred (s-a)
American Tel.
9-15
12-31
American
12-31
1-2-43
6-15
>
9-30
$1.06'/4
25c
(quar.)
(quar.)
preferred, (quar.)
~5Vzr/o
1
6-15
6-30
6-30
% 9-30
American States Utilities Corp.—
1
7-
Hoe
Products
Paper
*3-25
$1%
6%
37'/2C
.
—
(quar.)__-___
Edison Light
(Ctfs.
Northern RR.; (New
preferred
'
'•
2
4-30
*
'
10%
Rayon Corp.—
3-24
6-1
4-30
$2 V2
5-11
4-24
62ya0
(s-a)
4-15
$1
5- 1
4-24
5- 1
4-
5- 1
4-20
5-
4-15
a
-
Gas
Corp.
(One-share
4-15.
4-16'
7-
1
4r17
-
v
(quar.)
Home
4-20
12»/2c
(quar.)__
—50c
pref.
conv.
25c
Merchandise
Extra
pref.
(quar.)
&
9-21
4-10^
$1%
Rolling Mill, 4%% pref.
American Safety Razor
American Smelting & Refining—
\1% first preferred (quar.)
V
(quar.)
c,
'
6-20
1
4-15
50c
$1%
50c
$l3/4
(quar<)
preferred
7%
%
50c
$l3/4
common
r
.7
stock
Corp.
4.4%
Pitts'.
"' 4-16
r
1
1.
l
68%c
Corp.,
Co;, Inc. (irregular)
Newberry (J. J.) Co., 5% pref: A (quar.)__
North Boston Lighting
Properties, common
•.
& v. t. c.
(irregular)-,^
: $3
preferred (quar.)__
Northern Ohio Telephone Co. com.
(irreg.)
6%
preferred' (quar.)—£____
3-22
1'
4-15
5-
710-
15c
—
American
4-14
1
$iy2
Metals
New
4-21
1'
5-
7%
-
4-11
1
4-
,
$iy2-
.
Accumulated
for
of
America,
Consol.
five
Oil
shares
America" stock
Electric
preferred
Bessemer
Pleafeant
v
of
<Si
Car"
-
stock
4%
common
of
Lake
•
held)—
Atlas
5-15
_———
$1.10
Erie
Co.
4-10
1
' 12,/5i<J
4-25
♦
25c
5-12
4-24*
5-12
4-24
^-12
4-24
(irregular)—-^
Co.^Inc., com. (resumed)
-
2ntf
*
10-
(quar.)
preferred (quar.)„_
Powder
Y Monthly
Mills
(Del.)
Clas^. B
+$1%
YY
6
1
u__
;
Y
5-1
4-15 '
6-
1
5-15
7c
?
(irregular)™™...
(lrfegular)L!—
IY
iji 4-20
7c
-—
10c
7c
(monthly)
Monthly
*
$iy4
;
(irregular)
Axe-Hough$on Fund. Inc.
4
$1.
&
Avondale
4-15
75c
—-
Refining Co.—
preferred convertible A
Aviation Corp.
9-15
(s-a)
RR.
5%,"1st preferred-1—1—___T'V" ' 6V4C '
?v s 5%
4-17
5-1
(quar.)
Co., 5%
Wiborg Proprietary, Ltd.—
5V2% preference (quar.)
Ault
Petroleum
(quar.)
prior preference
Atlantic
2
dividend
Corp.
$2.50
Co.—.
(initial)
Valley; Wind; Co.
Pressed "Steel
(quar.)
Co.__"
of
each
Philadelphia
$1%
6-
$1V2
(quar.)_iijf£__^__
New
.
5-1
4-15
4-24
$iy2
—
'
•
•
/
1 '.>! 4-15
$15-1
4-17
4-11
$iy2
r______'
preferred
.5%
4-15
t$l
preferred-.—
—
Quarterly
Quarterly
Neilson
4-11
40c
Drop "Forging Co ; "cl, A iquar.)
(W£'R.) Dry Goods Co. (quar.)
-New
4-11
4-15
40c
(irregular)
Sons Co., Inc., 8%
Bearings
4-15
$1
(s-a)
(I.)
,
8
-20c
participating preferred
Participating :
Fork
American
Class
4-17
American Furniture Co., Inc.—
7%
preferred (quar.)_____
Co.—
Petroleum
(quar.)—^-!—*• 43%c
'
Co., common (quar.)
" "70c "■
Corp., common_„_"
' iquar,)i£_™_._____
Mahufacturers
Pennsylvania
-
common
(quar.)
&
(quar.)
1
5c
—
$4.25
American Nat'l Bk.
Shoe
preferred
.common
preferred (quar.)
American Envelope Co., 1%
-Quarterly
'Quarterly "
3-31
61st pref.
4,
5-
%5%
3-31"
Co.,
4
$l»/2
pref.
$12%c
$$1%
Marble
4-
4-
$1 Va
(quar.)___-—_
preferred
3-31
4-15
„
Asphalt Roof,
$12%c
l
4-15
(resumed)-
(quar.)-___
Petroleum
6%
4-20
1
4-15
:__i.
7%
American
4-15
5-
4c
%
American Coal Co. of Allegany County (irreg.)
American District Telegraph—
1
4-25
25c
'
4-
50c
(quar.)
American Alliance Insurance
7
of Red*>
4-15
$l'/4
American
5-
Holders
$1
25c
(quar.)
Manufacturers,
Amerada
3-31
4-15
Payable
>: 25c
Amalgamated Sugar Co., 5%>
n.
1
When
snare
t,*
(quar.)__
common
American
(quar.)__
4-15
1
previou*
these being given in the
Company
Gas
(quar.)
4-18
5-
in
8
4-20
Co.—
(quar.)£__£r__L_*
1st 'preferred
4-15
5-
8
The list does not include divi¬
'____
B
Penn-Jersey;Shipbuilding, Tst^ pref.
$1
5-
4-30
give the dividends announced
we
A
3-25
20c
Products
1
Class
",4- 1
5- 1
..,
Quarterly
Chemical
5-
$1
Gold" Fields
Corporation
Class
4-18
$lJ/2
;
*.
Real Estate
10c
Radio
preferred (quar.)
Common, (quar.)
./*!% preferred (quar.)
4-17
5- 1
5- 1
1
-1
preferred
Accumulated
(irregular).
*
3-24
5-1
4-30
5-
4-10
(irregular)______
Consolidated
Common
4-20
50c
4-15
$1.16%
;
3-18
4-22
4-17
Aluminum
4-17
1
$1%
preferred—
Accumulated
t-ia
;;
4-20
com.
Allied Stores Corp.,. common
4-17
5-11
$1V2
Co.,
\1% preferred (quar.)
1
5-
f5c
(s-a)___
1
1
4-20
4-1
75c
$10c
(quar.)_
5-
6-
All-Penn
Poyver "& Light- Associates—
f$l
i
■
Kansas
-
50c
(s-a)_
Shares_________l______
$2
(D.C.) iquar.)
!i-R)
'
40c
Alabama
5-29
5-1
$l'/2
iquar.)
Electric'.Cof, (irregular)___u___
National Tea
'4-15.
Camden
Canadian
pref.
National Motor Bearing Co., Inc.—
i $1.50
convertible preferred
(quar.).
4-15
Calgary & Edmonton Corp., Ltd. (interim)Calgary Power Co., Ltd. 6% pref. (quar.)__
6-
1
1
45 preferred
'.
Albers Super Markets, preferred
Preferred
(quar.)___
9
5-
25c
Cement* Mfg. Co. (Md.)—
preferred • (quar.)-5-r______,
w_;
1%
5-25
5-
1
5-
4-
Candle
Extra
4
5-1
.
4-22
(quar.)_—
7-
$2
$iy4
,
1
,
Co.^i'_'r________
Biscuit
'
4-11
Light Co.
58%c
(monthly)
pref. (quar.)__
pref. (quar.)
5-
Air
*
3-20
^__^u
Telephone .Co., 6%
National
4-15
5- 1
5- 1
Gas
Bullock
5-16
Abbott Laboratories,; 4%% preferred (quar.)
Abraham & Strauss, Inc. (irreguiar)
Adams-Millis Corp.
(quar.)
Affiliated Fund, Inc.—.
7-19
t35c
-
4-15.
1
Per
6-17
8-
Bk.; & Tr.rCo. (Rochester)—
..Quarterly
4- 4
Fund, Ltd. (irregular)
15c
Bullock's, Inc., 5% preferred iquar.)
$1V4
Bunte Bros.,'common
(irregular)$1
'5% preferred (quar.)
$1V4
Brockton
1929)
$5
Name of
8
$lJ/2
$1%
(quar;>ri50c
convertible, preferred
(quar.)
,
/
50c
Moore
.
WVic
.
6-
5-15
5-15
5c
$iy2
-
5- 1
58VsC
"
4-15
6-1
15c
(quar.)
Plant-Choate Mfg^ $1 conv. pref.
'(initial)
t
$iy4
(quar.)
(quar. )
Miller
4-15
4-*15.
(quar.)
iquar.)—
6-15
(monthly)
preceding table.
3-25
£ $2
3-27
4- 7
5-15
4-15
dends announced this week,
3-31
7 Class A -(s-a)_£7-__i__,_r_____'
.3-20.
4-10
4-15
1
5-1
weeks and not yet paid.
>
4-20
-,$5
4-25
7-
6-15
1
10c
Below
f75c
Melville
4-10
6-1
53c
&
Zenith
preferred:C£_r£i^^r:____:____
James Manufacturings Co. (irregular)
Jantzen' Knitting Mills, common
(irregular)
5 %
preferred (quarT-iL,!
'
Merchants
4-17"
5- 1
.
$1
Mfg.
Bourjois,
1
5-
53c
t$lVa
Yuba
3-31
Moore
5-
5-15
53c
4-15
5-15
£
4-15
4-13
5-
6-
7-1
10c
4-15
4-15
1
50c
50c
________
4-J»
1
4-15-
5-
5-
(irreg.)__
4-30
5-
Baumer
5-15
50c
(irregularU___£__
Company, Inc., $6 preferred-.-™
Woolworth, 1F.„ W.) Co
4-15
6-1
&
Wilson
4-20
5-1
4-20
McNeel
4-17
1
Common
4-20*
3-20
t9iy4c
6%%
4-15
15c.
Co., $3.30 prior pref. (quar.)
Beverly Gas & Elfec. Co. (irregular)_;
$7
1
5- 1
3-30
A-iA
5-
58Vbc
Tool
:
3-26
1
1
$37c
(Charles);& Co. 8%
Will
$l>/2
;
4•5-
(monthly)
Washington Loan & Trust Co.
4-25
5-
$5
(monthly)
Walton
Corp.,
4-
$1V2
$1%
»
(quar.)_.
(monthly)
Warren
R.' I.—
Mclntyre Porcupine.Mines,* Ltd. (quar.)£
McLennan, McFeely & Prior, Ltd.—
Chemical Co.—
California
Barcalo
5-
$l'/8
Co.—
preferred
of
prior
prior preferred
prior preferred
7-
25c
(quar.)__
(Mass.)
(monthly)
preferred I monthly )
prior preferred
prior preferred
$iy2
l_
Co.-
,
7%
$1%
(quar.)
6y2% preferred B_"A___-_r__„__;
Mid-Continental
(quar.)_£—
Macaroni
3-30
6.36%
:_____
Ltd.—
.
City Electric $6
Atlantic
1
$68%c
4'/2% preferred (quar.)™_
Argo Oil Corp. (s-a)
,
Co.,
1
1
Maytag Co., $3 preference (quar.)
\ $6 :lst"\preferred,%(quar.)-__;
McGraw-Electric'Co." iquar.)
Co.—
preferred,; (quar.)—
Appalachian Electric Power Co.—
Telephone
*6-1
$iy2
4-
4-
Y 4- 7
% 4- 4
6.36%
7
4-12
6-15
conv.
Light
(monthly)
4-
4-24
W:
____
pref.
4-17-
5-29
4-15
3-31
-■
4-
3-24
1
30c
Gas
prior preferred
prior* preferred
*■'$2 preferred
4-14*
4-15.
4-15
60c
1—
1
5-
$5c
Apr. 1, 1941 and
interest thereon to
6%
4-20
Massachusetts
4-23*
.•
4-
-
3-20
3-24
i
6%
t87y2c
-; 6'/<>
.
5'/a%
Associated
4-21
5- 1
5- 1
1
1
preferred (quae.)
United Corporation, Ltd., $1.50 cl. A
(quar.)
United Light & Railways Co. (Del.)—
4
$2'/2
(s-a)
Louisiana Pv?r. &rLight-Co., $6 pref. (quar.)
*
(quar.)
4-
4-
87Vhc
due
plus
4-
Sl34
;
$4.18
1941,
4-20
30c
'
Co.—
?-**
10c
50c
;
(monthly)
pref. A
4-25
5-15
«a-
3-31
4-21
12-19
30c
..
Anglo-Canadian
,
$1
;
...
pref. .iquar.)
non-cum.
4-30
12-29»
4-27
2c
$1 '/a
3-21;
Lorain,
of Rec.
»27c
$1V2
4-9
3-21
Loose-Wiles
Holders
iquar.)—
-
.
,
3-24
4-27
10c
preferred
30c
$1%
-
of
1,
•;
pref.
American Light & Traction Co., com.
6%
preferred (quar.)
American
When
Payable
Corp.—;
(s-a)_.Y
pref.
conv,
Albers
C
share
,
4-20
•
•
(irregular).
prior
5-1
'■XV-'o
'■ ■■■■-
Company
*
1
1
iquar.)
*VM
""
'
Name of
5-
4-
Co.
6'A
4-14
30c
.
(qua'r.)_'I.
Co.
Lincoln Alliance
The dividends announced this week are:
-
A
5-
-t\Common
-
in the week when de-
Department"
-
5-
30c
Liberty Aircraft Products Corp.-(irregular)
Libbev-Owens-Ford Glass Co._£_"___.^
^
given un¬
"General Corporation and
YYY-Y';"f Y v:
class
5-11
37VaC
,
-
clared.
4-20 y
$1
(irregular).
Co.
(irregular)—^.—
(quar.)
7-15
50c
SIM}
common
Creamery Co., $0.60 pref.
Kroger' Grocery* & Baking to., com.
6'A: first preferred ''(quaf.)__
many cases are
our
Malting
^Texas Power & Light $6 pref.
Marquette
in
4-20
1
Paper Co., 6%
pref.' iquar.)__
Accumulated (clears all arrears)
<
3-31
Maiden
News
4-10
1
Machine
4-30
4-15
683/4C
t$4
(quar.)_
Knudsen
we
Investment
••
Oct.
3-31
of past
j,
r
>
<
$2
(quar.).
preferred
show the dividends previously announced, but
which have not yet been paid. Further details and record
.
*
9c
reg.__
1 6%
are
der the company name
4-15
5-
&
6.36%
(quar.)__________,
-preferred
; Common'
dividend payments in
4
5-15*
5-
$2
$$1%
Dohme, Inc.— r
preference A (quar.)
Sherritt-Gordon Mines
(interim)
Southern Ry. Co.-, M-O stock trust ctf.—
4-15
Participating .preferred (quar.):
Electric-Co.,. 7.%• preferred A
La
which
Co.,
B
5-
3-31
t$2.71
Brewing &
Class
:
1
$50c
~
• '
■
preferred
.
Apr. 1, 1942_
Spiegel, Inc., $4.50
t40%c
;
.
1319
1024
grouped in two separate tables.
In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
4-25
$35c
pref.
com., iquar.)
$3.50
.
4-30
(quar!-
7.^.; p'rqferyed
,1'A
Dividends
7%
6-
(quar.)$iy4
Falls
*
4-20 :
25c
Iowa Electric," Light'& Pwr. Co., 7%
Jin Vol. 154.
DIVIDENDS
5%
5; Dividend
t43%c
.
.»
preferred
Sharpe
% 4" 4
4-15
V6%%; preferred.
:
gold debentures, due 1975
1
1st mtge. 5V2S, dated 1928—
——Apr 15
Western N. Y. Water Co. 1st 5 V2s, series A, dated 1925-Ma.v
1
1st 5s, due 1951
May
1
Co.,
Strathmore
5-15
Iowa
1023
Ursinus College
Lumber
Mills, Ltd.,
(quar.)____
Shaler
8
69c
ord.
Co.
Inc.V1 quar.>
Light & .Power Co.,
Investors Trust
y
1
1
May
May
—
$6
,6%
M&y
preferred
4-
,20c
rnterclwmicaTiCorlp.i--'cdihmbn_"„l"_)_£ij4__i._- vv
&
1973_—
Flour
.2
Springfield
(quar.)
Common,
1_%
consolidated
May
Manistee
•.
4-17'
4-30
:
$2
f2c
Co., 5%.preferred
Idaho Power .Co., ^6 preferred
11704
1319
Terre
first
1965
7%
*
4-15
(reduced quar.)
Howe Scale
*
due
Extra-
Seneca
4-24
•
5- 1
4-30
Electric_Co.x(irregular)_
v
1218
1317
1317
-
270
Power Co.
&
bonds,
5- 1
4-30
4-15
4-15
-
Times,'5%^' preferred (quae.)
Tobacco Co.$4 prior preference—
Horder's,
.
1
1
1
&
Lawrence
•
Seattle
4-24
J.)is-a)
N.
for
Honolulu)Financfe-&:.;Thrift
.1415
1
Light
gold
mortgage
5- 1
$1%
$1
1
.
1125
1
Superior Water,
-
.
iquar.)
Henkel-Clauss-Co.',-$6 preferred (quar.)
Hires (Clras. E.V Co^l
Homestake .Mining
Co. " (monthly),
•
u
4-15
4-25
4-24
$1.06V4
Mines, Ltd>4.s:£_u£_i_;
Hartman
1125
___
Republic Steel Corp. gen'l mtge. 4%s, series C__i__.__.May
Republic Steel Corp. purchase money 5V2S, due 1954__May
San Jose Water Works 1st mtge. 33/»s, due 1961
—J*in
Shreveport Rys. Co. gen'l mortgage 4s dated 1937
May
-
5-1
$2'/2
Quarterlv..s—
*&>•:;
_r——May -1
1st & ref. mtge. 5s, series •
'
—May 11
Pennsylvania Water & Power Co. refunding mortgage "
and collateral trust 3lA% bonds, series due 1970_u—May
1
Public Service Coordinated Transport 1st &s* refunding
mortgage bonds, due 1990———u
—a__
—Apr 15
Quincy Market Realty Co. 1st 5s, due 1964——_•
May
1
due
receipts
Georgia RR. & .Banking Co.
..Hartford
u
1
•
5-15
5%
t
convertible-preferrqd (quar.)___—_
American, deposit
v 1216
1st & ref.- mtge. 6s, series
4-25
$15c
$$l'/a
o1
4-15
1
"
Stores—
Fitcbburg Gas & Electric Light Co.
General Shoe Corp.i'I-l^j------General Tin:'Investments, .Ltd.—
*
Public Service Corp.
D.
4% %
Haverhill
—
5-
35c
Electric, (quar.).___
Department
Firemen's Insurance Co.(Newark,
1411
1
5-15
.0024c
Sanborn Map Co; iquar.)
Savannah & Atlanta Ry. Co.-—"
"■
1411
16
May
—
4-18
10c
.
;
.
.
C,
"
■
l%c
;
~TT
Fibreboard ^Frodulcts,t Inc.— •*
.prior preferred* (quar.)
Fidelity & Deposit-Co. of-Maryland
Co.—
Service Corp.
SharesOlnc.;.(irregular)
.^Finance'Corp.,-Common (quar.)
Exeter & Hampton
1014
.1313
1
5-15
5-
}
Power
4-30
35c
35c
(reduced)___
com.
12c
.
trust
Electric
Public
—May
Corp.—
1950
due
Penn
Electric
collateral
Share
tures.
v
Light &
Saginaw
5-1
4-16
50c
Tobacco
<reduced)_____Co.__^___^_£__^__;
St.
:
-
826
5% -6%
5s, series B, due 1947_i/_:
4-30
;■
$2 .preferred
(quar,')
50c
Dqm'inguez.7bil- Fieid»:tmhnthly<25c
;Karly
%DanieLtCoi"i(rireguarl)-;-__l.ii^£j50c
1014
Madison
&
mortgage
5-15
2c
£
4
5-15
Rolland Paper Co., Ltd. common
iquar.)__
6%
preferred (quar.)______
Royalty Income Shares, series A___
Milling Co.—
/'■'£ Extra„.
*
1122
1409
1014
Steel
3-10
.
_
1403
'
-
First
&
5-15
1
••
1307
6%
debentures, series "A
z
—"_May> 1
Ladies' Literary institute of St.-Mary'$i>f* the Springs—
*
First mortgage bonds, due July i,
1949__"___
LApr 22
Leeds & Lippincott Co. 3Va% bonds, dated Jan. 1, '37__Apr 18
Libby, McNeil & Libby 1st mortgage 4s, due 1955
.May
1
Lion Oil Ref. Co'. 4y2% debentures, due 1952™
Apr 30
Lukens
4- 7
•:.
1405
'
*
3-21;
9c
.
5%
debentures, due 1946™£_™™-Apr 18
Inter-County Telephone & Telegraph Co. 1st mtge. 5%.'^
gold bonds dated May 1,
May f 1
Iowa
Mng,
(R. J.)
B
^
.
-
Co.
Gold
Class
1$25/e
r
.
.
Mfg
Consol.
1
6-
Co.—
Common >(quar.)
Rockland
r;:, 4-18
1ipreferredLiCqu'ar;)'i_____-_^____w___
$1%
5-*l
4-15.
Cunninghamr-Drttg "Stores, Inc., com. (quar.)
25c
.
4-20
4-15
;
preferred>•.? (quar.).x£_e£_:t££-u_££4&i_,i a--^$1^
4-20
,rvji6^*:QlasatA prior prefeMnce/is-ia)-.;--,-.-:^- ; ^; $3: y'.-" J* 1' £ 6-20
Davidson»■ Brothers, jnc.v:(quar.)
4-16
7J/2C
4-28
4-17:
Dayton Rubber JManufacturing Co., common
"
25c
5- 1
Class ::A^.fquar.l_4__J_-£_—50c
"S-i.L
4-17 >
Dejong©: (Lodis) ::^C, £•,, 7 ^
4-10
5%, .convertible, first>preferred (quar.)_4_4
SlVi
4-15
Detroit Gasket &-Mfg/, 6%. pref.
5-15
(quar.)—
30c
6- 1
Di-Noc. Manufacturing Co.,.6% pref.
(quar.)
$1 Vb V
6- 1
5^2 .
Diversified Trustee Shares,..series D
1.5376ci
4-15
1404,.
1st mortgage bonds, due"1944____Ai)r 22
Chesapeake & Ohio Ry. ref.' & improv. mtge. 3 xfa %:
-1
bonds/seriesD,' dueMayl,1996._l^_i—-3——-iJlay 1"
Continental Roll & Steel F&wndry Co. 1st mtge. 6s, >
series'A,1 due -1950——T————Jun
2 ■
Gar Wood Industries, Inc., preferred
(stock——_---_vApr ■ 15
v
Reynolds
*
25c
6-
;.:V■ % ^1 y4
(quar.)_;
Pulp & .Timber
Sound
4-15
5c
dep> receipts for brd .reg. (final)
Commom (quar.:)
<
497
1207
1 > v
4-15*
3-20:
(quar;)
preferred
4-1
4-25
4- 1
62Vic
;1 Cumberland jfCoUrity-^oyifer Light. .;C6.^ - (' 6%
preferred* (quar;:)^_ii_I__—
—$1%
-
due ;Nov. 1,
Burson Knitting Co.
1
5%*
Puget
t;; ;.: ;
.
'
1
Greist
American
CressOn
Page
:
»
5-15*
'
*
y
i
t
4-
1
5-
'
$1%
Mo.)/—
8
5- 4
6-
37Vic
$1%
iquar.)
.
non-cumulative, preferred (quar.)
Consolidated^Royalty Oil Co.? <quar.)
Cooper.::(P;)';Corpofatidns,L6'/a% pref.__
1
x*ower
pref.
5%
called
Alabama
Corp:;; .7%
OVi'Vo- preferred "(quar.)____
Coils.;. PubliftvServ.ioe' iBrook'ffeld,
;
for
redemption, including
under sinking fund provisions.
The date
indicates the redemption or last date for making tend¬
ers^ and the page number gives, the location- in which
the details were given in: the "Chronicle,"
those
Cigar
i Common
7-
1
6-15
30p
£" 4-17
3-31
4-17
$-31
" 20c
-
4-10
v
,)■
''
: •
■:, / ■'«•/'' V -; V- ••• :V;
S■ ^
'V,:
::
of Company
Name
[ •*;
Mfg. Cq. (quar.)_„__
Babcock Si Wilcox
,
75c
12Vic
30c
preferred (quar,)__
6%
Badger Paper Mills,
Rubber
Bangor-Hydro Electric, common (quar.)
of America National Trust & Savings
common
^
6-15
6-30
.6-15
4-
4-15
40c
A
Class
L.
Brothers, Ltd., 6%'1st pref.
Beatty
——
(interim)-,——
Co.
Blaw-Knox
v
(quar.)
B
Class
—
—
(quar.)_——,—
Boston Personal Property Trust (quar.)
Bralorne Mines, Ltd. (quar.)
Edison Co.
Boston
—
•
s-
preferred
preferred
Butler Brothers, common (irregular)
5% ^.convertible preferred (quar.)—____—
Byers (A. M.) Co., 7% preferred, represent¬
ing the quarterly of dividend of $1.75 due
Feb. 1, 1940 and interest thereon to May
Terminal Bldgs.,
-
1,
•
—
5%
preferred (quar.)
Canada Iron Foundries, Ltd.,
6% non-cumulative
Canada Northern Power
(quar.)
(quar.)_—'
6: pref. (quar.)_
Canadian General Investments, Ltd.—
5- 1
4-
1
Electric
Bond &
.5-1
4-20
4-10
4-20
4-15
;
(accumulated)
1
5-
6
6-
1
5-
6
Aguirre Associates
Electric, common——
4%% pref. (quar.)
3-28
5-
1
4-10
1
4-15
4-15
Iron
Fuel &
Colorado
preferred, series A (quar.)
Columbus & Southern Ohio Electric Co.—
Special
$1(4
12-18
12-15
6-11
7%
Products Refining,
Corn
7%
preferred
Crum
8%
4-10
4-15
3-31
5- 1
3-31
49
4-15
3-31
Foundation
&
Foster,
preferred
common
!.
\4V2%
Inc., common
Curtis Publishing Co.,
Extra
8-15
$3
4
conv.
prior preferred
Class A common
1/100
of
a
(initial)
share
of
1
1
8-20
12-1
11-20
1
5-14
5-14
4-20
5-15
4-20
5-15
4-20
1
4-14
6-30
9-30
9-25
12-31
12-24
4-30
5-15
4-
4-15
4-15
6-
4
/4-:-:l:;/
5-15
1
1
v
3-31
1
B
■
,
_____
—
6-15
1
9-15
4-15
', 6% 'preferred
Co.
5-1
4-11
(quar.)
Harris (A) & Co."7% preferred (quar.)
Harrisburg Gas Co., 7% preferred (quar.)__
Hart Battery Co., Ltd.
(irregular).
5-
1
4-11
Hartford
Electric
Light
5-
1;
4-15
Harvard
Brewing
Co.
4-24
Hat
3-31
5-
5- 1
5
4-20
4-
2
4-15
4-
2
15c
4-20
3-31
4-27
4-15
4-15
4-
6-30
6-18
2
Hayes Industries, Inc
Hercules Powder Co., 6%
pref.
—__
(quar.) —
7-22
1
4-20
6-1
4-28
4-
5-
4-20
5-
1
9
4-20
1
Spencer, Bartlett & Co. (monthly)
Hibernia National Bank
(New Orleans)
Holeproof Hosiery 6%%
3-31
5-1l
4-25
5-/1
Development
share
held)
;
5-15
'
5-
1
5%
Hardart
(quar.)—
"(quar.)
(N.
Y.)
Finance Corp.,
preferred
(quar.)
4-25
Link
5-
Co.,
5-15
25c
4-15
Feb.
Little
to
27
Miami
April
RR.
.
5
.3-20
125c
4-15
3-31
125c
4-15
3-31
;—-
(quar.)____._
(quar.)__
L-
(quar.)
(quar.)
4-15
3-31
3-31
fi$iy2
4-15
3-31
Class
t$4
4-15
3-31
Louisville
25c
7-1
1-10
9
60c
4-15
4-
8
$1(6
4-20
4-
6
$1%
5- 1
4-25
$1%
4-15
3-31
15c
4-30
4-10
5-
4-15
1
4-15
5c
5-
$1%
1
4-
8
4-16
4-
4
5-15
5-
4
5-15
4-25
4-26
$1(6
75c
$1
5-15
6-17
6-13
(quar.)
—
Gas Si Electric (Ky.), common—
preferred ($100 par) quar.)
5% preferred ($25 par) (quar.)__
Lowell Electric Light (quar.)________
—
5%
Lunkenheimer
Co.—
MacAndrews &
preferred
6%
MacMillan
10-20
15C
4-24
7-
50c
1
10-
6
4-14
6-15
3-31
4-10
15c
4-22
4-
4-25
3-31
8
25c
5-
1
4-15
$1%
5-
1
4-15
'50c
5-1
.
:
common
$1%
4-11
Magnin
Forbes, common
(reduced)—
50c
50c
50c
6-10
3-25
9-10
8-24
12-10 £ 11-24
4-22
3-23
$1(4
25o
$1(4
25c
50c
20c
$2
-
-
6699«
5-20
5-20
8-20
8-20
1J-20
.li"2®
3-31
3-31
4-17
1
1
1
1
12- 1
12- 1
4-15
4-15
5-1
2-28
25°
37(4c
f-28
$1(4
31V4C
4-15
4-15
90c
4-13
3-31
3-31
3-31
4-4
$1%
J- l
$l/a
10-1
$11-2-43
11-2.1
4-25
$1-31 A
Quarterly
Co.. $2 class A
pref. (quar.).
preferred (quar.)—
(N. Y.)—
convertible preferred (quar.)
$2.20
4-15
4-15
3-31*
3-31
5- 1
4-15
4-15
40c
15c
preferred (quar.)—
J*2®
9-21
5- 1
$1(4
3-27
4-15
$1(4
5-15
J} (f
(I.) & Co., 6%
(R. C.)
3-25
8^24
11-24
$1/2
(quar.)..—
(irregular)
Petroleum
Quarterly
Mnhon
9-10
12-10
.
preferred (quar.) ——
6(4 % preferred (quar.)
6(4% preferred (quar.)
Luzerne County Gas & Electric—
5(4%
preferred (quar.)
Lyon Metal Products 6% part. pref. (quar.)
6(4%
4-25
$1
B
4-15
•*'
participating preferred (quar.)
Participating •
participating preferred (quar.)_
Participating
—
Loomis-Sayles Mutual Fund (quar.)_____—
Loomis-Sayles* Second Fund (irregular)
Lord & Taylor, 8% 2nd preferred (quar.)__
Louisville Gas & Elec. (Del.)—
4-15
5- 1
" 6-10
25c
.
1
5-
5-8
6-15
6- 5
3-31
50c
25c
$1(4
—
5%
4-15
50c
150c
6-1
7- 1
6-20
4-15
$1%
Corp. (irregular)-.
Longhorn Portland Cement Co.—
5% participating preferred (quar.)
5%
1$1%
4-25
7-25
10-26
$1.10
30)
5- 1
8- 1
11- 1
Co.—
guaranteed
guaranteed
Participating
4-20
■
$1.10
$1.10
—
Original capital
.'Original capital
Special
.
3-31
4-14
50c
(quar.)
com.
(quar.)__;
(quar.)
^',1 Original capital (quar.)_
Special guaranteed (quar.)
•
•
5- 1
87(4c
,
(irregular)Lion
Oil Refining
Co. (quar.)
—
Liquid Carbonic Corp., 4(4%
preferred A
•
(Initial
dividend
covering
period from
Special
5-
.
common
Co.,
4-15
5- 1
30c
30c
30c
preferred (quar.)
Match
\
4-
1
$1(4
$1.30
.f
45c
-
Belt
6(4%
Lion
•
77%c
1
Extra
37(4c
$1
75c
50c
(quar.)
(quar.)__—
a
,4-15
;
4-15
.
$1%
lc
(monthly)
Holly Sugar Corp., common
7%
prefpfred (auar.)
&
4-15
t$2
preferred
Hollihger Consol. Gold Mines
Household
for
20c
$1(6
$2
Irregular
Horn
(30c in cash and
4-,8
—
(quar.)
(quar.)
$3 conv. preferred (quar.)—■
Hettrick Manufacturing Co. (irregular)
preferred
Hershey Chocolate, common
Holly
4-10
4-15
(quar.)___
pref.
Extra
.
1
4-25
25c
25c
Hibbard,
3
4-10
4-
1
$1 (4
68%
Co
(irregular)
Corp. of America 6'/2%
3-3t
4-15
4-20
5-
6%
preferred
Lone Star Gas
5-15
5-20
-1
Y5c
$iy»
90c
7- 1
4-13
t$l (4
(quar.)_____
(Dallas, Texas)—
Halle Brothers Co., $2.40 conv. pref. (quar.)
Harbison-Walker Refractories Co.—
15c
4-15
t$2
Lj.
—
—^
E.XH
5-1
(s-a)
(quar.)
5-.1
j
5-15
130c
4-15
25c'
5-15
t$iy2
American Insurance
Insurance
:
■
5-15
v
Gulf
10c
si
common
(quar.)_
Great Lakes Paper Co., Ltd.—
$2 class A partic. preference (accum.) —
$2 class B partic. preference (accum.):
Great Lakes Power Co., Ltd.—
•
Series A. preference (quar.)
—
Green (H. L.)
Co. (quar.)_
Guardian Realty Co. of Cana^da-57% preferred (accum.)
Guarantee Co. of North America (Montreal)
Great
4-15
\
$iy2
Inc.,
prior'preferred
4-8
.
$3 preferred
Gotham Hosiery, 7% preferred
Graton & Knight Co.—
$1.80
4-10*
1-
30c
(quar.)__"
Stores, common
4(4%
4-10
5-1
:
(quar.)
_____
Valley Gas
4-13
4-25
75c
35c,
(quar.)_u
Company
Lexington Telephone, 5.2% preferred (quar.)
Libby McNeil Si Libby (irregular)
Liberty Loan Corp.—
•
a
$3.50 preferred (quar.)
Lincoln Natl. Life Ins. Co. (Ft. Wayne)—_
1
1
&
Portland Cement, common
preferred (quar.)_
—
Lerner
3-13
4-
5-
$1
%VA
1
10-
75c
4-20
4-20
.
4%
Lehigh
4-15
5-
6c
Lehigh
4- 7
.
&
Gas
(F&R)
Extra
•
,
3-31-
.3-31
4-25
.
$.1 (4
(resumed)
Extra
10.186c
$2
4-15
.
5-1
5c
■
Electric
Leece-Neville Co.
,
$50c
$50c
$50c
30c
.__
(quar.)
Co.
4-15
75c
participating class A
preferred (quar.)_
General Steel Castings Corp., $6 conv. pref.
General Trust Co. of Canada (Montreal) —
Non-cumulative preference (quar.)
Giddings & Lewis Machine Tool____
Gillette Safety Razor Co., $5 pref. (quar.)__
Gimbel Brothers, $6 preferred (quar.)
Gladding McBean & Co. (quar.)—;
Golden State Co., Ltd. (quar,)___
Gordon & Belyea, Ltd. class A common——
6-25
5-
,
Lansing
1
5-
-s
35C
6%
Class
4-14
6-13
4-15
yt, 4- 3
f? 4-20
(accum.)
Lawrence
4-20
$4
Gorham,
5- 1
7-1
5- 1
4-15
5- 1
convertible preference
Lazarus
4-15
(quar.)—
General Outdoor Advertising—
5-28
4-27
7%
-
8-20
3-31
5^ 1
4-15
preferred
Common
4-27
7%
(accum.)
(accum.)_^
,
,
3-31-
20c
'
Ltd.—
>
convertible preference
convertible preference
7%
4-6
-
(quar.)
B
Langley's,
General Motors Corp.—
,
(quar.)____i__-__——20c >
6- P.
9-2
12- 2
5-15
3-31
4-15
-4- 6
'4-6
(quar.)_^
preferred
preferred (quar.)
6%
;
4-18
25c
1
4-17
6-11
9-11
12-11
5-15
'
4-18
common
General Foods Corp.,
.
15c
$1%
50c
>
4-15
$1
50c
1
3-25
3-31
■
(quar.)
125c
.30c
4
3-31
$1
lv'
..20c
6-
5-15
t50c
10c
10c
$l</2
9-
v
•
4-18
5-1
15c
$2%
General Finance Corp.
;,$5
3-31
4-15
A
7%
Bryant,
Class
4-18
5-
50c
■•
(quar.)
4-
f4-10
t$iy2
$$1 Vr
4$iya
5-20
69-
J"}®
$1 /% ■ 11-14
• 50c
4-^15
55c
4-15
5- 5
5
/
II- 5
3-31
3"31
Manufacturers Trust Co.
$2
Massey-Harris Co., 6(4% preferred (initial)
Massachusetts Investors Trust (irregular)—
Massachusetts Utilities Associates—
participating preferred
Corp. (quar.)
4-15
3-31*
5%
4-15
3-31*
McCall
*
each
Lane
(4c
—
4-
6-15
common
3-31
S;p-15r:'
Sessions
Quarterly
Quarterly
6-23
,
&
125c
6-18
8-
(quar.)
6-25
6-30
$1(4
.
4-15
4-20
5-
"A"
3-31
4-15
*7- 1
.
$1
17>/2c
4-20
4-20
4-15
4-15
Quarterly
7%
preferred
6c
$4.50 pref. (quar.)
General Investors Trust (Boston) (irregular)
General Mills, Inc. (quar.)
1
6c
75c
Quarterly
4
Co.
Electric
General
$iy8
deb. (quar.)
:
Co.,
5- 5
8- 5
11- 5
6- 5
9- 5
12- 5
4-15
3-31
6
4-
(quar.)
convertible preferred (quar.)—
Gardner-Denver
5-15
8-15
11-16
6-15
9-15
12-15
5- 1
4-15
Quarterly
4-
Fyr-Fyter Co., class A
5-15
25c
25c
25c
$l3/4
$134
$134
$1%
50c
4-15
4-15
$1.20 preferred
(quar.)_
Fundamental Investors (irregular)
10c
8%
;—
3-31
5- 8
5- 8
4-25
"
(quar.)_
(Canada)
12-24f
4-14
4-20
preferred (quar. )________
Jackson RR., 55/2% pref. (s-a)
39th Street Corp. vtc. (irregular).
Co.
6-22
9-22^
*
4-25
25c
Fort Wayne &
West
7- 1
10- 1
$1(4 1-1-43
10c
4-15
$10c " / 6- 1
Landis Machine Co.—
convertible
60c
$1 '/2
$l(/2
(resumed)
Lamson
4-15
$2 y2 >;
jl
common:—__
4-4
4-18
6- 1
4-10
17
(quar.)
5-4
5- 1
;
$5c
10c
4-25
::
17 (4c
Gear & Machine,
3-31
3-31
$1%
:
Langendorf United Bakeries, class A
6-16
5r28
60c
Bros.,
4-10
4-15
4-15
$4c
(reduced quar.)
Extra
4-15
,
(quar.)
(quar.)_
3-31
3-31
4-28
Grocery Si Baking—
51.18%
$1
(quar.)
3-17
37Vs>c
prior pref. (irregular)
Dennison Manufacturing,
4-10
.'v.—-
(quar.)__
7-15
(s-a)
preferred (quar.)__
common
(San Fran.)
4-15
(quar.)_
Culver & Port Clinton RR. Co.
4-30
4-30
25c "
(quar.) ^______
Froedtert Grain & Malting Co., com.
5c
30c
$2
(quar.)
(quar.)
35c
Bank
preferred
7%
Foote
4-10
75c
(quar.)
(resumed)--
3-31
$1%
5-20
$1%
common
Mfg. Co.
Drug Go.
Cuneo Press,
$6
(quar.)
(quar.)
Crocker-Wheeler Elec.
Crown
Y.)
(N.
Co.
3-31
4-15
.
B-2
series
Mining
Lake Gold
__
$5c
80c
50c
(interim)
(quar.)
Laclede-Christy Clay Products Co.—
6% preferred (quar.)
6% preferred (quar.)
——
6% preferred (quar.)
—____
Lakey Foundry & Machine Co. (reduced)..
Lamaque Gold Mines, Ltd. (interim)
9-11
4-15
Ltd.
Mines,
second preferred
7%
51.66'/a
& Rubber Co.___•
preferred
preferred
4-20
5-
Bank Trust
1
60c
Fund Shates__
_
(Chicago) (quar.)
First National Bank (Jersey City)
(quar.)__
Fishman (M. H.) Co., 5% conv. pref. (quar.)
6-28
$1%
$2
$2
12y2c
Exch.
Tire
4-20
3-27
Corn
10-
$1(4
:
Sons Co.,
preferred
1
6-
Corp
1
$2ya
________
(Wm.)
4%%
4-23
5-2
Cooper-Bessemer
7-
Gold
4-10
4- 1
4-7
4- 7
4-10
4-28
4-15
4-30
4-30
4-20
4-15
4-15
common
Custodian Fund,
Kirkland
Kroger
$2(4
preferred (quar.)
"7%
7%
3-30
pref. (quar.)
(quar.)
Corp. (quar.)_
Consolidated Royalties, 6% pref. (quar.)
Container Corp. of America-.
Coon (W. B.) Co., common' (quar.)__
'7% preferred (ouar.)__
'
(Syracuse,
Co.
Corp. (Washington,
D. C.), common (reduced
quar.)
8%
preferred (quar.)
Federated Department Stores, com. (quar.)
4 Ye (/o
convertible preferred (quar.)
Fenton United Cleaning & Dyeing—
4-8
5-15
40c
t35c
11-20
12- 1
Fitzsimmons Stores—
4-
Oil
____.
Ins.
9-
$1 (4
(
(quar.)
4-15
1
5-16
preferred
_____
__________
Life
Traders
5-
4-15
8%
&
Y.)
5-15
$5 preferred (quar.)
—$lVi
Consolidated Laundries Corp.—-
-
Keystone
9-15
6- 1
4-18
Consolidated
8-21
5-1
6-15
National
4c
«
1
Mutual Trust
Life Assurance
%7lh preferred (quar;)
Consolidated Retail Stores, 8%
5-21
9-30
First
4-14
•
6-1
(reduced).
Kearney (James R.) Corp. (irregular)_____
Kellogg Switchboard Si Supply, com. (reduced)
Dept. Stores,
8-10
f 11-10
5- 1
4-17
4- 1
4-17
4-15
6-30
3-31
Quarterly
Gas, 7 % preferred
(C. G.) Ltd., common (quar.)__
Connecticut Investment Management (S-a)Connecticut River Power, 6% pref. (quar.)Consolidated Aircraft
(irregular)——.
Consolidated Car Heating Co., Inc
Consolidated Cement, $1.40 class A~__
Consolidated Edison Co. of N. Y., Inc.—
Kaufmann
$iy4
First
5-1
Conn
4-16
15c
______—
$ 1 (4
3-31
4-15
Concord
4-30
Furnace
&
Kerr-Addison
3-31
:" IrregularJ__——:—'. $5c
Edison Co
—
45c
—_——
5- 1
Stove
4-11
4-15
Commonwealth
—
$1.06(4
$l>/2
Kalamazoo
4-20
4-15
3-31
(quar.)___
(Toronto) —
Jewel Tea Co., Inc., 4(4% preferred (quar.)
Joplin Water Works, 6% pref. (quar.)___;—
7-25
10-24
4-20
Firestone
4-15
;
4-25
11* 2
4-27
3-31
4-15
Investment
1
8- 1
30c
125c
Fireman's Fund Ins. Co.
5-1
'Quarterly
Quarterly
5-
30c
Ltd.
Metallurgical, $5 preferred (quar.)
3-31
preferred (quar.)—$1.63
Commercial Alcohols, Ltd., 8% pref. (quar.)
$10c
Confederation
5-25
4-15*
4-30
6J/2%
Commonwealth
8c
Ltd.
Co.,
Mountain Mines
5- 1
3-31
25c
Cumulative 6%
(irreg.)___.
•
9- 1
12- 1
30c
30c ;
Quarterly
Quarterly
$1(4
(quar.)--—,—T
4-15
$1 Vi
$iy4
$iy2
Columbia Gas & Electric Corp.—
Cumulative preferred 5% series (quar.)—
"5% cumulative preference (quar,)_
Island
30c
Co.
1
3-31
—
/JW Special
4-20
Line Co.__
4-15
1(6 %
—25c
preferred
3-31
1
3-31
Mfg.
Fireman
.Iron
1
/Quarterly
4-10
4-15
3-31
5- 9
5-
6
Federal Services Finance
1
-5-
3-31
4-15
6-1
4-15
4-
5-
N.
5-
4-
4-15
10c
(quar.)
(irregular).
(quar.)__.
"C," Inc.
Investors Fund
4-15
-
5-
Farmers
,4-30
,25c
$75c
Equipment Co., Inc. (quar.)
Ltd.—
' ;
preferred
1
30c
(quar.)
preferred A
preferred A
$5 preferred (quar.)
$5 preferred (quar.)
3-31
$1%
4-1
3-25
4-16
4- 1
Fansteel
3-31
(quar.)__-—.
25c"
$13A
20c
(irreg)
com.
Famous Players Canadian Corp.,
3-31
/(Quarterly) .
L_
—______
25c
Clnn., New Orleans & Texas Pacific Ry. Co.
5 V preferred (quar.)—
—$1(4
preferred (quar.)i—$1(4
Cincinnati Postal Terminal & Realty Co.—
t6*/a% preferred ( quar.)—
$1%
City Nat'l Bank
Trust Co. (Chic.) (quar.).
*$1
City Title Insurance Co. (N. Y.) (quar.)—
15c
Clinton Water Works, 7% preferred (quar.)
1%
Gochenour Williams Gold Mines, Ltd
$3c
Coikshutt Plow Co., Ltd.-—-—
—
i25c
i Coeur D'Alene Mines Corp.
—
5c
Colgate-Palmolive-Peet _—_____—
—
12y2c
Colon Development Co., Ltd.— v
Stores,
15c
3-31
,
4-1
1
$1(4:
$1(4
3-31
1
5-1
5-1
4-15
5- 1
4-15
v
Foundation,
conv.
25c
4-15
7-
———
—
$1%
(quar.) (payable
w—8%c
5-
■■
4-30
1
convertible
4-6
.
"
5-
______
—
4-30
6-
Red.
6%
'
$1.14
5-15
5-
.
Investment
;
.
(quar.)
Interstate Home
5-15
3-31
$1V4
S.
$1(4
5-15
1
.
U.
$iy4
(quar.)
3-31
4-15
3-16
1
4-15
6-
125C
preferred
7'/v
3-30
3-30
3-20
4-15
4- 3
4-15
par)
Department
Interstate
in
(payable
(quar.)
funds)
preferred' ($5
in V; 8: funds)
4-10
6- 5
^
4-30
3r31
;
*
4-15
$l3/4
pref.
3-31
4-25/
12-17
V
4-15 ' V.
$ 1 (4
Fairbanks Co., common___^_^_
/6%
convertible preferred (quar.)_^_u__^_
4-15
Tool Jciuar.)___
——_—
4-25
6-5
Co.
7%
-
.
3-31
-
4-15
5- 1
4-15
50c
40c
5% pref. (quar.)—___
of Canada, Ltd.—
Nickel
preferred
7%
4-17
12-27
$37^0
$37V2C
(quar.)—
common
$1%
3-31
$1(4"
.Chickasha Cotton Oil Co.
;
7-21
5-15
5-1
50c
$5
$5
(qjiar.)
Century Ribbon Mills, 7% pre/, (quar.)—pref.
5%
1
10-20
125c
4-15
17c
$1.19
Central Hudson Gas Si
5-
8-1
>
4-15
$1'/*
37V2c
Central Kansas Pow.Qo.,
5-15
1
50c
2V2V0
(quar.)_____
Harvester,
International
5-
6-15
6-15
10c
12(/2c
20c
5%
preferred (quar.)——$1(4
Kennedy's, Inc., common
(irregular)20c ^
$1.25 convertible preferred (quar.)
31 (4c
Kentucky Utilities, 6% preferred (quar.)—
$1V2
4-16
4-30
1
11-1
(quar.)
4-15
5-
International Milling,
5-
$1(4
/
Eureka Pipe
5*
International
International Machine
15c
4-15
Bronze
(quari)
partic. preferred
3-16
-
4-8
4-10
4-24
'
Common
.
15c
4-15*
1
International
.4-15:
^
(Chicago)—
Bank
shares (stock dividend)..
Powders, Ltd.—
Insurance group
.
.
4-30
5- 1
5-15
50o
$l'/a
(quar.)—
9-30
12-31
40c
5-15
$ 1 (4
Quarterly
5-23
$$1
$3
(quar.)___
(quar.)_____—;_
Central N. Y. Pow; Corp.,
4-15
75c:
,
Employers Casualty Co. (Dallas, Tex.) (quar.)
Quarterly
'
Ry.
Ohio
J$l%
>
.
.
preferred A (quar.)__
& Williamsport RR. (s-a)
$$1.50
,
Light, Heat
& Power Co., Ltd., ordinary (irregular)—
Capital Finance Corp.. 6% pref. (s-a)—
&
_
tquar.)__
$5 preferred (quar.)
Shai'e,
$4c
25c
Canadian' Western :: Natural Gas
Clinchfield
7%
Elmira
6-
Ltd.
$6 preferred (quar.)
El Paso Electric (Del.).6%
4-15
i$l V2
Ltd. (quar.)
Canadian Tube & Steel Products, Ltd.—
preferred
5-1
Township Telephone
$$1(6
$$1%
(final)
Canadian Marconi Co.
Central
Steel Products,
Eastern
Filene's
Canadian Oil Cos.,
Carolina
Eastern
3-31
$12y2c
$l?y2e
Registered shares (quar.)
'! Coupon shares (qukar.)
Canadian Industries, Ltd., class A (quar.)—
Class B (quar.) ——_________________
7% preferred (quar.) —
—
7%
4-16
$70c
$$iy2
Canadian Fairbanks-Morse,
.
5%
Duquesne Light Co.,
$50c
$37y2c
$$iy4
k
Interim
'
'
(quar.)
preferred (quar.)
1
$2
(quar;)——
Canadian Bronze, common (quar.)
5% preferred (quar.)_^
Canadian Foreign Investment .Corpf^Ltd.—
"
4-15
Quarterly
4-15
1
6
3-31
1
5-
6%
Duplan Corp., $4:50 preferred
5-
4-
4-20
15c
3-31^
3-31
$$3
*$3
$15c
$$1%
-v.-
Corp., com.
'<
4-15
5-
4-15
'6-30
■
10- 1
1-2-43
17c
$1V4
/ 30c
4V2V0 preferred (quar.)
Institutional Securities, Ltd.—
Aviation group shares (irregular)
Ltd.-r-
pref.
4-15
$1/4
t$6
5-1
4-15
4-30
5-
4-10
.
7- 2'
;
t$3%
Common
•
3-30
$$3%
National
i Industrial
15c
4-30
5-20 ."
62V2c
a—*—common
Canadian Bank of Commerce
Canadian Converters Co., Ltd.
3-20
5-20
37V2c
—
(quar.)
preferred
7%
3-31
3r31
4-15
Chemical Co.,
&
5
15c
(quar.)
(quar.)
.Dominion Textile Co., Ltd.—
r
"
if 7%
preferred (quar.)
^Dow Chemical, common (quar.)^___^
5% preferred (quar.)
Dravo Corp., 6% preferred (quar.)
Quarterly
3-31
t$3y2
preferred
California Packing Co., common
,
Tar
5'/a %
4-15/*
$1
75c
t$3
t$3
California Electric Power, $3
7%
Dominion
4-10
4-15
$1.9469
class B (liquidating)—
preferred
California-Oregon Power, 6% preferred
6% preferred (1927 series)
4-15
Ltd.
4-21
5
J40c
tnva
^
Bank of Canada (Toronto)
"
:
$1(4
_i_u
Dominion
fV 4-15
t$l(4
5-
8-
w
8-15
/ 3-31
$$3%
_____—
Common
<
4- 4
4-15
-V's- 1
45c
t$2,/2
Pipe Line Co. (irregular)
Indianapolis Power & Light*—1
6-20
4-10
of Rec
<
4-15
'
(quar.)____!
preferred
Investors
a
Indiana Assoc. Telephone $5 pref.
12-19
5-15
Corp.—
Holders
Payable
J
t75c
'
Indiana
6
;
share
,
Incorporated
4.
4$1%
(quar.)
(reduced)
4-15
Mines,
7-
50c
Employers Group Associates (quar.)____
Erie RR. $5 preferred A (quar.)__
1942
Cairo Bridge,
Stores
Home
4-
4-20
;
'4-15
37y2c
=
•
Dixie
Dome
3-27,
1-5-43
50c
i
(payable in U. S. funds)
(quar.)
Sylvania
covertible
-.Quarterly
Quarterly
:
Quarterly
3-16
4-20
v
:i ;•
Corp. $7 pref.
Imperial Bank of Canada (quar.)
Imperial Life Assurance Co. (Toronto)—
12-23
v.
1 :
$2
5-1
t75c
15c
7%
* 4-13
1
10c
Corp.-Seagrams—
pref.
1.
4-15
•
'i't'fy. $2
(s-a)
(irregular)
4-30
t$iy2
+25c
25c
6%
Terminal Co.,
Bush
«5 %
5-
A-
'25 c
& Mfg.
preferred quar.)
Giorgio Fruit, $3 participating preferred
Di
710-
*
12-23
$I3A
35C
4-30
?50c
(quar.)
preferred
$5
Bush
<
,
4-25
40c
Brompton Pulp & Paper Co., Ltd. (quar.)—
Brooklyn Union Gars Co. (resumed)
Buffalo, Niagara & Eastern Power Co.—
9
7-1
10-1
2(4%
6%
4-14
-
5-1
f50c
J 10c
Extra '
4-
4-24
$32(60
Bridgeport Hydraulic (quar.)__
British Columbia Power class A (quar.)
British Columbia Telephone Co.—
6% 2nd preferred (quar.)
3-23
;v'
$134
Semi-annual
Distillers
tl0c
..Extra
——
BrantfordXordage Cq,., Ltd., $1.30 first preferred tquar.) ——
.
Breweries Si Distillers of Vancouver, Ltd—
Hygrade
'.w
Detroit-Michigan Stove
5% preferred (quar.)
6-30
4-15
*5C
20c
$1
62(6c
50c
16c
f20c
3-30
'
2j?c
1
5-15
4-15
4-15
$1
Bloomingdale Brothers
Bon Ami Co., class A (quar.)
1
6-30
$15c
„
1
6-
$l'/2
t$2
(quar.)
Canada (quar.)
—
Bensonhurst Nat'l Bank (Brooklyn)
(quar.)
Biltmore Hats, Ltd. (quar.)
Birdsboro Steel Foundry & Machine Co.—
((irregular)'
_»—
Bell Telephone of
5-15
6-
4-15
4'/2%■
(quar.)
Detroit Hillsdale & South Western RR.
8-1
?25c
$25c
(quar.)
common
Extra
_•
Per ui When
v'
Name of Company
.
17 (4c
series A—
Shares,
v'V,;
_•
Hutchins Investing
Co
Edison
Detroit Gasket
.
;
Detroit
4
•;
3-30
■
V'^
>
of Rec.
4-15
$1%
dividend
Stock
<■
Holders
Payable
50c
1
(Quarterly)
(Quarterly)
Deposited Insurance
When
,
.
„
,•
(quar.)
of N. Y.—
(quar.)__^_^
preferired
T/o
9
Per
share
Company r'
common-.,.—
Dentists' Supply Co.
4-10
1
6-30
Si
.
4-
4-21
®9S
(quar.)—-—
$2 convertible preferred (s-a)
Bankers Trust Co. of Detroit (increased s-a)
Bathurst Power & Paper Co., Ltd.,—
Association,
4-20
Co.,
preferred
7'/o
4-15
1
s-
vg!*,
Bank
i
4-30
5-
Name of
v
.
Vilbiss
De
3-31
-
50c
Baldwin
...
'
4-24
10c
—
0/ Rec.
Payable
'
AxelsOn
t
Holders
When
Per
share
V "
Monday, April 13, 1942
CHRONICLE
THE COMMERCIAL & FINANCIAL
1468
(quar.)
50c
62»/2c
18c
3-31
4-1
4-15
4-15
3-31
4-20
62%c
4-15
—35c
5- 1
.
3-31
4-15
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
155
1469
"l
Per
/
f
■Name of Company
v
.
pref. (quar.)—
433/4C
.
7%
preferred
(quar.)
Parke-Davis & Co.
8-29
Pearson
Manhattan Bond Fund, Inc.
Co.
40c
(reduced)
11-28
4-15
t$iy2
$i»/4..
5-
.
lie
(quar.)_
Peninsular
3-31
5»1
$i'/2
Telephone,
5-
7-
50c
5-
5
class A
(quar.)
35C
5-15
$1.40
class A
(quar.)
35c
8-15
4-
6
$1.40 class A
(quar.)—_.,_.
35c
11-15
6
$1.40
35c
2-15-43
2-5-43
—
'
5-. 5
i:.
8-
f
5
Extra'—
Marchant
Calculating Machine
Maritime Tel. & Tel.
5%
preferred
5%
6%
6%
;
3-20
preferred (quar.)
—_'
preferred (quar.)_____________——
preferred (quar.)
■___
;
preferred (quar.)__
•
preferred (quar.)
6%
:
3-20
4-15
5%
Merchants
(quar.)
National
25c
Bank
6-
5
6-
1
25c
9- 5
9-
1!...
30c
■_
6- 5
6-
1
,
6%
preferred (s-a)
Philadelphia Electric Co.
Phila.
30c
9-
5
9-
1
30c
12-
5
12-
1
Phillips-Jones
25c
12-
5
12-
1
Pickle
$3
4-15
25c
5-15
-
5-
15c
4-15
"
4-
6
25c
5-
1
$1%
5-
1
•
$7
preferred (quar.)_-______________
Midwest Piping & Supply (irregular)——
Mississippi Power & Light, $6 preferred
Missouri-Kansas Pipe Line, commonClass
B
i
15c
4-
1
Plomb
,.
8
4-15
_
4-
3-31
4-
5c.,
343/8C -
4-14
;
6-1:
-
Potomac
Electric
Montana
.'■6%
(John*
&
Co.:
Tel.
&
Tel
6-
1
9
Premier
Gold
6-
1
5-
9
Prentice
5-
1
4-13
3-16
Preston
3-31
Procter & Gamble,
4-
3-27
5-
1
4-15
67o
lc
6-
3
5-15
6%
4-20:
3-31
Puget Sound
62'/2c
4-20
3-31
$1%
4-15
3-31
$5 prior preference
Purolator Products, Inc.,
4-20
6-20
6-20
50c
6-
1"
5-45
4
6%
preferred
6%
•12-17
4-151
3c
5-
1
preferred
(quar.)
Battery Co._—
•
6-
1
5-
9-
1
8-10
15c
12-
1
11-10
.
Reed
(C.
4-20
$1.60
3-17
25C
4-15
3-31
50c
5-
i;
4-18
75c
54; 1,
4-18
50c
5-
(quar.)—
(quar.)
Corp.
.___
Products
Distillers
(quar.)
National Elec. Welding Machines Co. (quar.)
..Quarterly. —J———
Quarterly &
:
'■
—
—
,
2C
-
Cdrp. class B com._
5e/k. preferred class A vtc (s-a)__L_______
Fuel Gas (quar.)—L———
National Funding Corp., class A'(quar.)
;
Class B <quar.)
National Lead Co., 6%
preferred B (quar.)
20c
•
National
Manufacturers
5-
35c
preferred
5%
& Type
$6
__
Richmond
Rochester American Ins.
Rochester Button; common
A
$1%
Co.—
4-15
4-
1
10c
—
4-15
$2%
(s-a)
4-15
4-
1
4-15
4-
1
4-1
$1.50
^
$6
Steel
Car
Corp,
8-15
$l'/2
__
"
7-31
—
New
Brunswick
York
Air
New
York
Transit
Telephone Co.,
Brake
Ltd.
!
$5 conv, preferred: (quar.)—
Class
A
Class
A
Norfolk
Adj.
;
<fe
Corp
(quarterly)
(quarterly)
Western
Gas
Insurance
$7
Illinois
-''♦Formerly
known
Finance
Northern
effective
Indiana
-,.r:
7%
6 7o
;
_____
6%
_.
States
North'and
$6.50
—
Co.
6'/a%
A
series
4-14
Gas
Pacific
Lighting Corp.
fz
Electric
preferred
.Pacific
Pacific
—
&
Packer Cornoration
5-
25c s
50c
•
1$1%
I
5-
i
.
„
1
15c
5-1
4-
4-20
5-1
6-15
•
Southern
4-15
:
4-15
50c
75c
4-15
t$i
32'/2c
4-15
~.r
-
-
4.8^- preferred
4-24
4-15 "•*
$1%..:
4-T5
4-15
4-
Spicer
3-31 ;*■
25c
$3
/
\
c'
7-
1
C
7%
Vultee
Warren
4-20
4-4
4-15
3-31
1
-
.
4
3-31
1
4-20*
1
4-20*
4-15
4-
5 %
5-25
3-31
4-20
4-
5-. 1
4-15
14c
4-25
4-
25c
4-24
4-10
1$3
1$l5/a
—
55"
1
4-15
4-
Ltd.-— "
$4.50
1
com.
(quar.)
Electric
■: ■
(E.
R.)
(quar.)—
&
Hi*-'-'
Fire
Ins.
$1%
4-15
$1%
(quar.)__
6%
9-
12-
25c
4-16
3-31
Wood
3-31
17o
120c
5-15
4-30
4-15
3-20
1
4-15
4-15
3-31
37'/2c
5-
1
8-
7-18
4-10
4- 6,
5-15
6-
1
4-15
4-
5-
1
4-15
$iys
5-11
4-30
$l'/4
6-
1
5-15
$2'/2
6-
1
37y2c
(quar.)
(quar.)
(interim)
3
5-.L5
13c
preferred
Ltd._
common
3-31
5-15
4-17'
5-15
4-17
$1 J/a
4-15
3-16
110c
4-15
4-
175c
(quar.)
4.-
4-15
$1&
$134
6% pref. (quar.)
(quar.)
4-15
3-20
4-15
3-20
—
(quar.)
4-15
50c
4-15
3-20
5-
4-15
Products
Corp.,—
*
'
125c
3-20
1
t$ll/4
5-1
4-15
-yy/*
v
$iy8
5- 1
4-10
-.
(quar.)
Machine—
1
1$1%
:____
'
(quar.)__——_
50c
(quar.
,
5-
$1%
.
—^___
$1
.
1
4-20
'
(
4-15
1
7-15
8-1
7-15
$l'/a
11- 2
10-15
$1
11-2
10-15;
SlVa
4-30
4-15.
'
:
Electric
Power—
Gas
&
Elec.,*4y2% pref.
James*, Ltd.—
:
$iy8
(quar.)
.
Co._
—
(quar.)
/
preferred (quar.)__—__w_
Zion's Co-operative Mercantile Institution—•
Quarterly
•
4-17
120c
137Vsc
50c
,)
—
-
—:
books
not
v
..
50c
:
>
closed
:
for this
4-15"
1
4-20:
5-30
50c
Quarterly
7-13
3-31
1
5-
1$l3/4
25c
10c
6%
4-13
4-15
5-
r
preferred (accum.)
(Wm.) Jr. & Co. (monthly)——
first
(Rudolph)
8-
-*
••
(quar.)_^--__-—
(Alexander &
Wrigley
1'
6-15
$1
preferred (1897)
Wurlitzer
4-
;
5- 1
.' Sl'/a
«
—
"
1
5-20
5- 1
5- 1
4-15
4-15-
•
6-15
6-
9-15
12-15
5
9- 5
12- 5"
<;
"i"
.
ar
dividend.
4-15
4-
3
»Transfer
3
tOn account of accumulated dividends.
'
75c
4-15
4-
$1'/4
!
1
4-18
50c
$7.14
(special)
—_______
y
1:
1
4-20
$1%
Quarterly
5-
1>
4- 6^
4-18^
1$2
Wisconsin
4-15
$1
6-1
9-10
12-10
Extra
4-15
—■"t$3
6-10
$1%
37'/2c
common
Ltd.,
Extra
37'/a C
preferred
1
4-:l
4-15?
4-20
7-15
T)
4-1
I
5 .-15 7
4-15
41
$l3/4
y.
!
Extra
common—
(N. J.).
4-15
5-
(Dallas)—
5- 1
4-15
iPayable
75c
4-23
4-16
resident tax,
-
Sons—
Co.
4-15
26c
quar.)
pref.
preferred
Zellers, Ltd., common
preferred, series A (quar.)
Standard
$iy4
quar.)_u
.
Winsted: Hosiery Co.
Wisconsin
;
6-22
4-24'
3-20
35c
1
1
3-20
35c
9-20
12-21'
'
5-
3-20
5-
7-
4-15
4-15
r
6-20'
1
7- %
4-15
•$l3/4
first
77o
quar.)
(quar.)
preferred
343sc
$1.20
4
10-
1-1-43
,-n
Quarterly
Co.—
12-29,
$1%
prior preference
i$iy2
(quar.)
(initial
Power, 4 '/2%
Sewing
37'/2C
(quar.)
,.9-28.
,
(s-a)
Quarterly
4-15
1
7-1
Union
25c
!_
10-
1-1-43
1% pref. (quar,)
$l3/4
(quar.)—
125c
Wilson-Jones Company (interim37J/2c
5-15
37'/a c
_-
6-26
Wilsil,. Ltd.
5-15
1
1
Wichita'Water Co.,
37'/aC
Ljld.,
Bros.,
6-
6-
4-14'
5-12,
7-
62'/2c
(quar.)_
Westvaco Chlorine
1
"
RR.
preferred
White
1
$2'/a
5- 1,
5-15
62'/2c
-
Telegraph Co. (irregular)
Westminster Paper Co., Ltd. (s-a)—____
Weston (George),* 5% preferred (quar.)____
period-
1
&
•
(quar.)
(quar.)
Grocers,
7%
3-31
$l,/a
$1
$5
$1
(initial)
Pipe & Foundry Corp.
preferred
Western
4-20
4-15
>4-1*
75c
Sugar
(special)
6% preferred (quar.)—
Breweries,
4-20
$iy2
4-15
Extra
4-18
J
1
7- 2*
HVaC
Aircraft, Inc.
West Penn
4
5-1
25c
"'4- 2*
7-15
75c
pref.
(quar.)___
Western
1
4-18
1
4-15
$l'/4
.
-
(intial
preferred
Western
"
!
(quar.)
preferred (s-a)
17o
?
"
,.
3-28
preferred
5%
3-31
4-15
3-28
4-15
75c
prior
(initial
preferred
West Penn Electric,
4-23
4-15
4-15
——
>" V
Co.—
Wendigo Gold Mines
1
14c
4-10
$1
87y2c
common
Washington Ry. & Elec. Co.—
3-31-
4-15
5%
B.)
$4.50 convertible
4-15
$1%
8-31*
11-30*
4-20
$iy4
Washington Gas Light,
5-
122c
>
(J.
preferred
Warren
5-
9-19
Detinning Co.—
4-20
$1
4-15f
12-19
62'/2c
preferred
Vulcan
4-
1
1\
5-29»
30c
,
preferred
3-18
5-
5-
4-15
6-20
50c,
(quar.)__
4-20
$1V2
5- 1
50c
(quar.)_———___:
B
6%
6-15
30c
pref. A
Manu|acturing Corp.,
t$6
Vertientes-Camaguay
6-15
25c
—"
preferred
Squibb
$5
4-
1
5-1
50c
preferred
.1%
3-31
7-
4-l5f
5-1
75c
preferred—/.—
preferred
-
-
4-15
&
4-18
25c
1
(quar.)
Knitting Co.,
Virginian Railway,
4-15
$1 Vs
1942—
(quar.)—
Quarterly
Spalding (A. & G.)
5--1-
6
Gas
4-15
1
^
Scriver
$2
Quarterly
3-31
4-29
•:
Indiana
1
5-
'
3-31
115c
Ltd.—
Southern New England Tel. Co
Southwestern Life Insurance Co.
4-20
■
4-15
2c
Edison" Co.,
Power,
5-
(quar.)
22Vac
(quar.)_r__1
Canada
3-31
50c
:■
3-19
(quar.)_—!
prior
Vapor Car Heating Co.,
7%
preferred (quar.)
4
$75c
(quar.)
covering
p&rticiwating preferred
Southern
3-31*
5-15
$i.y4
pref.—:
pref.t (quar:)^—preferred (quar.)—_
(ouar.)_—
j
'/.
4-15
.5-1
California
4-15
4-15
68%c
(quar.).:
(quar.)_—
i"7c
(quar.)
(initial),
to June 1,
Co., T/o
preferred
Class
Millsir-
preferred
preferred
6%
1
4-
4-21
$1
Smelting, Refining & Mining,
preferred (quar.)
Class
4-15
1
4-15
3-30
4-21
5-1
'
25c
,•—
/Class ANpreferred
4-10
5-
4-15
5-1
10c
Co. *<quar.)___
preferred
Van
3
+25c
Ltd.^.i—
(liquidating)—
Southern California Gas Co.,
4-20
5-
1
6- 5
4-20
$1
(s-a)____—_——
1941
4-10
^Camp Milk Co.—
$4 preferred (quar.)—___.
5-15
.
16V»c
4i
1
31,
5-20
5- 9
Van
1
6-
-••6 %
'
4-20
1
,•>;
04-
Co., Ltd.—
preferred
4-30
6-15
(quar.)_
Quarterly
Quarterly
4-15
4-15
(s-a)—!
original preferred (quar.)—
Original preferred (extra)
S-Va% preferred, series C (quar.)
.4,;;, Common
(quar.)—
1..
5-
1
4-15
t$l%
5%
-4-14
20c
1
30c
non-cum.
5-15
120c
110c
(Bait.)
preferred
Plywood Corp.
Utica
5-15
Soutnern
•
.
4-20
r
S.
6 7o
3
1
Dec.
4-30
25c
(year-end)
Leather
6%
4-10
6-
6%
5-15
—
4-10
4-15
37>/2C
6%
4-15
Upper Michigan Power & Light, commoft-..—
6%
preferred (quar.)—;
4-15
4—15
Southeastern Greyhound Lines, com. (quar.)
6% conv. preferred (quar.)——
.
•
(Robert)
:
7
1
1
$3
6V2% preferred (accum.)
Agricultural Chemical, common-
South
v"
4-15
4-
1
$iy2
Co^
-
4t
4-15
5-
6
V
:
1
$1%
$1.30
W,;;:'•
5-
Mines,
Petroleum
3-31
1
$iy4
;
$0.70 convertible preferred (quar.)
Universal Leaf Tobaeco Co.« cotri. (quar.)___
••"!■ 4-10
5-
prj^ferred (quar.)
;
Pittsburgh- Water, 4'A% pref." (quan)
r
6-20
-
S.
7-21:
4-15
Machinery Corp.—>
convertible
$5
4-10
5-
!
—
Insurance
4-10
$iy8
(quar.)
United Stock Yards Corp.—•
5-
3-31
1
Fire
1
5-
5c
—1
$5
4
$l'/2
-
3-31
4-15
-
$1/-"
_____
(quar.)—
•
Premier
preference
2nd
50c
(interim)
67o preferred, (quar.)
Smith' (Jloward) Paper
3-31
4-15°
1
4-
5-
*$1%
.
3-31
$iy4
6%
51
25c
Simpson's, Ltd.,
4-20 "
a!;
5-1,
$1
(irregular)
Smith
3-31
....
i
6%
Co.
3-31
4-25
•
.w
(quar.)——_____
paraffine Companies, Inc.—
4% preferred (quarj)
Silbak
.
ji
Cement
Service
Tel.,
Common
4-25
7-
Lead
3-31
•
t$l:'/4^.S4"20
(quar,)_r__4
Portland
Public
Pacific Tel.
4-1.5
5-20
(quar.)—
Ltd. (quar.)
Mines,
3-31
4-14
I-
(quar.)
Pacific
Gold
Co.'
1*0
8-
United States Sugar Corp.—
4-16
'2V2c
Sherwin-Williams of Canada,
4-15
4-14
Fruit
4-10
5-
1 $1 %
,
Ltd.(quar.)
Share,
Hoffman
T/o
4-15
:
6-
.Extra'
4-15
t$i.%.
pref.-
(quar.)j_
preferred (quar,).'
i; 5% preferred
4-25
11c
Creek
(quar.)
Quarterly
U.
4-10
(quar.)—_
preferred
Sherman
1
112c
preferred
C
1
5-
'$1%
(initial)
7%
4-
$l5/8
of California—
Company
5-25
$1%
Co.____:_^
4-15
37>/ac
preferred
6-10
Colony Trust Associates—**
scries
Sheep
,
(Minn.)-—
-
1
4-20
Shajinigan Water & Power
3-31
1
(quar.)— ___—4
Pacific Finance Corp.
3-31
1
(irregular).
Lines—
5-
25c
(s-a)
4-15
t$iy2
Outlet Company common (quar.).:
7% 1st preferred (quar.)
6% 2nd preferred (quar.)_^.
j__
41
4-20
t$l%
r'y
$5
!
1
Oil
8-10
11-10
.
S.
4-20
5-15
25c
7
(s-a)
Water $6 pref.
Sedalia Water Co.,
Simms
(accum.)
V
4-20)
5-
—j
Engineering
Seatex
4-30
Co.—
First series trust shares (quar.V
-Oliver United Filters, class A
(quar.)—Ontario Silknit Co., Ltd., 7% pref.
'
5-19
.
;
8 Ir,
1
be¬
._
Power
(quar. I
Greyhound
preferred
Northwest
Old
8-
11- 2
pref.
(quar.)
(quar.)
Fidelity & Guarantee
1:3c
Simpson
(Del.), 7%
$5 preferred
f
8-15
11-16
5-
(quar.)
States Power Co.
1
$1
Diego Gas & Electric, common.
5% preferred (quar.)
Scott Paper Co., $4.50 preferred (quar.)
$4 preferred (quar.)
Illinois
__
com.
5-
50c
San
5-f 1
t$l'/2
Power,
preferred
8-15
5-1
Pipe & Foundry Co.-(quar.)
Quarterly
11-16
$1V2
first pref.
Ltd.;
&
S.
U.'
8-15
1
$1.31 V*
4-15
25c
;
Ontario
preferred
Northern
1
5-15
19.
_
second
6%
St. Louis County
Sampson's,
t$i%
preferred
Northern
3%
4-16
4-16
37V2c
name
Service
1
t$l
Ltd.—
(accum.)——J__:———
preferred
Louis Bridge,
25c
preferred
Northern
-
Feb.
on
Public
5 Vz % preferred
6% preferred
■.v.
.
69o
$1%'
(quar.)
Northern
1
9-
i'$i%
St.
(Canada)
California
8
11^14
$5
B
Extra
St.! Lawrence Paper Mills.Co.,
•
5-9
5c
2'/2c
(quar.)____
Co.
U. S. Industrial Alcohol CO.
4^10
1
t60c
pref.—
common—
change- of
6-
12-
4-
1
$1
(quar.)
(quar.)——
as
Corp.,
4-20
1
4-15
5-
50c
prior pref.
Corp.,
5-
15c
(N. Y.)
common
4-21
25c
(s-a)
(Mo.), $4.50 pref.
of
Bond
5j/2%
4-20
4-20
Paper,
5-
5-
U.
U.
4-16
20c
3-20
50C
$L50 convertible preferred
came
" 4-15
,
4-14
t55c
River
.
1-
Railway Co.—
Pepn
1
20c
St. Lawrence Corp., Ltd.—
4 ...>
4% class A convertible preferred (accum.)
9
4-15
50c Y
—
_
North
5-
5-14
25 c
3-31
5-
$iy»
___.
North
1
S.
U. S.
(quar.)——_
San Antonio Gold Mines Ltd.
preferred
•Northern
4-
U.
4-20
5-
(quar,)„___
Robbins
$iy2
preferred *fquar.)__—
5Vu%
4-20
1
25c
preferred
conv.
$1%
_____
North American Investment Corp.; $6
•
"4-15
1
1
50C
class A: (quar.)_—
>
3-31
5-
Saguenay Power, Ltd., 5%% pref. (quar.)—
St. Croix Paper Co. (quar.)_
'
3-31
Shipbuilding & Dry Dock—
Nineteen Hundred
4-20
10c
4-15
4-15
112c
Newberry (J. J.) Realty, 6% pref. B (quar.)
6Va%. preferred A (quar.)..
>
-
..
5-
$1.18%
(quar.)
„
Newport News
5-
'•
4-15
$1
.—11
Co.
1
4-15
30C
Co.
3-31
$40c
•
4-15 »
1
5-
150c
75c
Naugatuck Water Co. (s-a)
Naumkeag Steam Cotton
(irregular)
Neisner Brothers, 4%%
conv.
preferredNew
5-
$l>/2
(quar.)
Oil
United
3-31
4-20
75c
Manufacturing Co. (quar.)
^
Russek's Fifth Avenue, Inc. (resurped)
Sabin
Ltd.
4-20
25c
(quar.)
(quar.)
1
5-15
United
20c
class A (quar.)
Y.
4-
5-
25c
!
U. S.
(quar.)
4-15
15c
United Drill & Tool, class A (quar.)—15c
10c
Ruud
<
$l»/4
Gas
Union
_
25c
4-15
15c
Co.
$l'/2
(quar.)___
(Dallas)
4-23
10£
(quar.)
Roos Brothers, $6.50 preferred (quar.)——_
Royal Typewriter, common—:——
7r'o
preferred (quar.)_
"
37'/2c
_____
(s-a)—
National
Insurance of N.
;
4-22
1
5-
$1%
3-31
4-22
5-22
Co., Ltd., 7%
(reduced)
preferred
Union
1
Class
(quar.)
4-17
1
5-22
tie
5-25
8c
(quar.).;-*.——
3-31
5-
5-
$5
3-31
5-29
125c
common
Public Service,
preferred
4-20
'
$lVa
preferred, stamped (quar.).
preferred, unstampedj__
*
preferred
$2
y
13c
.
4-20
4-15
t50c
preferred
"4-20
-
1
15c
$iy2
'
National Power & Light Co.—
•7
Union Electric
+40c
Rhode Island
3-31
:
4-20
preferred A (quar.)—
7%
4-13
4-30
4-15
Y.)
Extra
"
3-31 :
.
5-15
,
1
$1,12
4-15
90c
—
5-
A
—
A.4-13
30c
6-20
-
Trust,
Udylite Corporation
10c
5-8
6-30
—:
(N.
—
3-27
;fi
4-11*
4-30
15c
Additional
4-15
——_—
Reserve..Investing" Corp., $7 preferred.—'—
Revere Copper & Brass— ' "
"
5 V4 %. preferred. (quar.)
3-31
35c
Additional
Troy & Bennington RR.
25c
(s-a)——
Money Corp. class A (quar.)
$1.50 preferred (quar.)
Paper
•y
5-1
4-15
-
prior preferred
National
5-1
50c
National
•••••'
10-20
.
6-1
V
(quar.)
Co.
4-15
6% preferred B (quar.)—
Republic Natural Gas (s-a)———
4-21
Trust
3-13
Stores—
&
$2.50 non-cumulative class
$5.50
6%
&
5-15
$40c
non-cumulative
0/
12-21
4-21
;$l.v,
(quar.)
Investment
Manufacturing Co.
Bank
4-15
25c
(quar.)______
Manufacturing Co.,
Republic Investors Fund—
7-22
25c
•
—
'
(irregular)—
com.
35c
pref.
$3
6-20
9-21
1
1-2-43*
110c
(interim)
Corp.,
(quar.)
t$l'/4
———
10-
$iy»
Trinity Universal Insurance Co.
Tuckett Tobacco
!
Reliance
4-15*
1
10-30
.
Natonal
<
r
8-1
2c .:
_
National Food Products
•
:
^-1
2c
—.
■
5-
;
City Lines, Inc.—
$3 convertible preferred
1
Mines
50c
Quarterly
Quarterly
National
1
7-
7- 1
'$1V4
_____________
Gold
Trade
Regent Knitting Mills, Ltd.—
3-31
—
4-
7-15
7
4- 4
114c
50c
(quar.)
A.), $2 preferred
4-15
A
4-15
4-15
-4-15
4-
1
pref. (quar.)
preferred (quar,)_
General
Towle
|
4-15
4-20
25c
■<
Triumph Explosives j Inc. (quar.)
Co.
4-15
Class
4-15
,
50c
; $ 1V4
Extra
Light Co.—
Power &
preferred
Reading
15c
75c
1
$3
8
40C
National
4-29
$1%
——
National Bond & Share Corp*
National Cash Register Co.
_
3-25*
$1 %
B
NatipnaL/Biscuit Co;, cominbn—j--——..
National
3-31
4-15
25c
4-15
15C
(quar.)—
4-15
$2
1
(irregular)
Toburn
'
4-10
1
(irregular)
$3.60
5-15
3-31
5-1
5-
(quar.*
7
4-2L
.
4-15
5-
non-cum.
Co.,
Canadian
Ltd.
1
6%
Mfg
4-
4-15,
5-25
20c
Malleable & Mfg. Corp.
Water
Thatcher
Third
1
4-
15c
Y-'
4-
4-15
15c
-
4-15
50c
3-31
56>/4c
(quar.)
3-16
12c
A
Class
3-31
-4-] 5> :
15c
pref.
3-31
4-15
Corp.
;'
37y2c
common
Transportation
Terre Haute
Texas
5-15
3-31
Employers .Corp.—
common
(irregular)
common
(irregular)
80c preferred
(quar.)
•_
Raymond Concrete Pile, common (quar.)—_
Class
3-31
4-15'
-
50c
pref. (quar.)
National Automotive Fibres 67o
'
Railroad
9-17
12-28
10c
———
Narragansett Electric, 4'/*%
9-28
$iy2
.
.
1
4-15
———
$iy2
——-
6-
5-15
1,
&
4-7
1
5«» 1
•
'1 $iya
preferred (quar.)
preferred (quar.)__.
preferred (quar.)
Terminals
1
4-15
—
6-18
6-27
$iy2
Mutual Investment Fund
Y
Mutual System, Inc., common (quar.)——
8 %
preferred (quar.)
6-
4-
,
5-
•
9-16
12-17
5-1
25c
12V2C
—
Teck-Hughes Gold Mines, Ltd.
3-31
4-15
6'/2%
Symington-Gould
9-30
4-18.
175c
$4.50 preferred
(quar.)
—
Putnam (Geo.) Fund (Boston*
(irregular)
Quaker Oats Co., 6% preferred (quar.)
Quarterly Income Shares
Quebec Power Co. (quar.)
-—
America—
.
10-15
,
$i'/2
preferred (monthly)-.
preferred (monthly)
37 %c
—..
6Va%
6-30
6'/a%
•
Public Service Corp. of N. J.—
4
$1.06%
——
4-30
50c
(quar.)
3-27
1
(quar.)_
3-31
5-15
t$iy2
(quar.)_
preferred (quar.).
4-15
X
«_4
Quarterly __J
Mines
87o
4-15
5-1
preferred
East Dome
4-25
7-
Quarterly
4-15
$1%
Proprietary Mines, Ltd.——
Prosperity Co., 5% pref. (quar.)
5% preferred (quar.)
3-31
7-
of
3-31
t$i
—
4-15
$1
Chemical Co.
4-15
$iy2
1
6-16
;
.
<
4-30
! ,t$l
"
Company (quar.)i—
Sycamore-Hammond Realty—
15c
(quar.)
pref,_i_
(quar.)——
(quar.)_
Corp. of California
Mold
6-30
12c
preferred
3-13
7-15
3-31/
9-30
12-31
;
175c
Superheater
67o
.v
4-21
15c
5-
4-15
V
$l'/4
$114
$l'/4
175c
/
.
Co
Sun-Ray Drug Co.,
.
1
15c
.v
-■-*—
4-15
25c
6 %
Mining
4-29
25c
Mutual
preferred
$2
—___
Super
(G, E.) Manufacturing—
partic.
Extra
.Extra,
Muskegon Motor Specialties, $2 cl. A (quar.)
—
5-20*
—
1st pref.
5-
Munising Paper 5% 1st pref. (quar.)
Munsey Trust Co.(Washington, D. C.Hquar.)
:
(quar.)
non-cumul.
75c
(quar.)—
6-
(quar.)
pref.
50c
—
—
States
$Vj%
143c
—
Mountain
preferred
50c
(Philip) & Co., Ltd. com. (quar.)—
Special
,
'4V4%' preferred (quar.).
Mt. Diablo Oil Mining & Develop. Co. (quar.)
Mountain States Power, common (quar.)
5%
preferred (quar.)-—
j—
4-
15c
Power,
137c
Morris
4- 4
4-22
—
5-
$1 Va
_
4-15
tl
1
5-15
50c
—
Securities $4 2nd
Machinery
30c
$1%
5- 5
6- 5
5- 5
,
5-15
.
31J/4C
—
'—!
Sun-Glow Industries (quar.)
Sun Oil Co., 4class A pref.
4-15
—
1
6%
Sullivan
4-20
4-30
15c
$2
Co., $6 preferred (quar.)__
Montgomery Ward & Co., common
Montreal Light, Heat & Power Cons, (quar.)
Montreal Telegraph Co...
L—
3-20
5-1
}10c
(quar.)—
$2 V\
_
4-15
Suburban Electric
t$l%
_—T__
Power Corp. of Canada, 6%
Power
30c
(quar.)
(Boston) -(irreg.)
Corp.
3-31
6-15
;
40c
-
preferred
Co. of Canada, Ltd., com. (quar.)
T/o preferred (quar.)_
Sturgeon River Gold Mines (irregular)
4-10
-—
6-
$2V4
9
1
(quar.)
Light, $6 preferred--——-
Gas
5-26
5-
(quar.)
Portland
Chemical Co.—
preferred A (s-a)___
$4.50 preferred B (s-a)___'
$4 preferred C (s-a)
30c
40c
:
Steel
1
1
(s-a)_—
Plymouth Cordage Co.
1
4- 9
.
4-
4-
5%
Invest.
preferred (quar.)
preferred • (quar.)
preferred (quar.)
57o
15c
(quar.)
Common
4
4-17
4-15
.
3-16
4-25
(quar.),
Common
4
,4-15
5-, t
—
preferred
(quar.)_.
Company, common
preferred
(quar.)
6%
5%
3-31
10c
i
Street
5%
3-21
4rl5
12c
Ltd.
Tool
Common
•
4-
4-15
$4.50
Morrell
4-20
,
4-17
J/2C
12c
•
.
Co.
7%
Mines
4-15
$2
$iy2
5-15
Stecher-Traung Lithograph—
'
1
20c
WorK§—
_
4-15
5-
4-15
,
.
of Rec.
:
$l'/4
:
Extra
Payable
;
—.—
Stanley Works,
$1
$1%
Pittsburgh Brewing Co., $3.50 preferred
Pittsburgh Coke & Iron Co., $5 pref. (quar.)
Pittsburgh Screw & Bolt——4---—**.
4-20
$1%
Porcupine Mines, Ltd. (quar.)______
Monongahela Valley Water, 7% pref. (quar.)
Monroe Loan Society, common A (quar.)—
5Vze/b preferred-. (quar.)__
_J—
Monsanto
5v
10c
Moneta
J
3-31
4-15
t$iv2-
—
—
Insurance
Corp.
Gold
Crow
Pierce Governor Co.—.
5
•
National
i
—r—
quar.)
(reduced
"
(quar.)
Messenger Corp. (irregular)— _____;
Michigan Bakeries, common-—-J—v,
;
$1 non-cum. prior preferred (quar.)_—_
(Boston)
class$A (quar.)————_—»:
Pennsylvania'Power Co. $5 preferred (quar.)
Peoples Gas Light & Coke Co.
Peoples Telephone Corp. (qjiar.)__.
Periem Gold Mining
;
Philadelphia Co., common (irregular)__
3-31
4-15
117%tc
preferred (quar.)_——-..-.IL——;
Mercantile Acceptance Corp. of California—
t
4-15
•120c
T/o
■j,
4-15.
37'/2c
(quar.)
(quar.)
Co., Ltd., com.
share
0
■
preferred (quar.)
State
•
3c
(Ohio)—
Quarterly
11- 5
4-
/ 4-15
$1.40
4-10
Oil Co.
Standard Silica Corp., common
Standard
Wholesale Phos. at Acid
6-15
1
4-20
...
1
"Y
4-21
1
b%
'.
Name of Company
•
■
Standard
Y
4-20
175c './-v 5-15
$l'/2
"
(quar.)
common
4-14
1
v
!.,
Holders
When
Per
Holders'
of Rec.
4-30
Y 5-
3iy4c
———
.
When
Payable
5%
preferred'A (quar.)—
Penman's, Ltd., common (quar.)
6% preferred (quar.).——^
Oil
Co., Ltd.—
6%
preferred (quar.)
—
McCrory Stores Co., 5% preferred (quar.)—
McLellan Stores, 6% preferred (quar.)_
4 Name of Company
v
5-29
'
8-31
11-30
43 %c
__
of Rec.
5-30
1
Per
share
Holders
When
Payable
43%C
:
McClatchy Newspapers, 7%
7%
preferred (quar.)___
McColl-Frontenac
X,
share
;
:
(quar.)_T___
^U^ '7"T7;::■:
T
'
f
in
Canadian
funds,
tax
15%; resident tax, 2%.
deductible
a
at
the
source.
Less British income tax.
Non-
THE COMMERCIAL & FINANCIAL.CHRONICLE^
1470
Government
Treasury Money Holdings
from the daily
statements, shows the money holdings of
follbwing compilation, made up
The
Government
day of April, 1942
of Government receipts and
details
years
disbursements for March,
1941-42 and 1940-41.
we are
enabled to place before our readers today the
1942 and 1941, and the nine months of the fiscal
'
■
beginning of business on the first
the Treasury at the
of
Receipts and Expenditures
Through the courtesy of the Secretary .of the Treasury
•
■
Monday, April 13, 1942
Month of March
and 1941, and also on the first day
1942.
March, 1942 and February,
July t to March 31
[For footnotes see page 1471 ]
s
General and Special Accounts
■
Receipts— 1
•;
-
'
•
Internal revenue—Income tax....
Holdings in U. S, Treasury
JL
Miscellaneous Internal revenue
*
:
,
—
Social security taxes—Employment taxes
bullion.
332,393,765
328,993,371
Net silver coin and bullion
Net United States notes..
673,347.155
2,169,410
2,578,810
3.296.126
National hank notes..
569,915
273,265
297,830
18,674,278
16,329,308
391,064,756
352,921,645
i
14,855,818
Net cold coin and
Npt
Net Federal Reserve notes
Net Fed
...
Minor colfl. &o
Total cash in Treasury.
fund..
.-
Cash balance inTreas.i
*1072453,102 1.063 736,195 1,088,949,329
156,039,431
156,039.431 156,039,431
~81M13,671
Deposit in special deposl-
907,696,764
TocredttTreM^ufsy!:.
524,838,464
•
.
Cash In Philippine Islands
Deposits in foreign (lepts..
11,046,299
To credit dlsb. officers..
3,767,135
748,290,804
1,123,943,738
1
967,904,307
t
63,301,219
91.712,995
832,573
922,880
>.
;
-
N1nCba5ksTrea8Iirf.a-fl
Total receipts..
.
►
:
v
5,847.818,641
475,716,851
insurance trust fund.c
Net receipts
5,372,101,790
Expenditures—
~
'
■.
'
I. General—Departmental (not otherwise classified)
y
-
<
••
t.
*
hllT,024,185
Agriculture Department (d)— Agricultural adjustment program.s
Commodity Credit Corporation—Restoration of capital impairment
j766,968,53l
:
045,337^514
Farm Credit Administration.e.
•
194,232
Farm .Security Administration...
>
/
46^894,438
Farm Tenant Act
I
Deduct current liabilities.
;
Other miscellaneous
"
54,483,952
50,051,529
62,838,218
93,291,555
120,141
802,996
.>
I.
Deduct—Net appropriation to Federal old-age and survivors
566,049,000
391,442,726 1,244,822,616
•
££•
—
Seigniorage
156.039,431
1,750,346.000
,
—
Panama Canal tolls, Ac
•
,
66,386,114
106,675,957
832,606
•
932,909,898
A
.
aJwrSmeKecuritieL0! 2.231,299,000 2,054,117,000
Deposit In Fed. Res. banks
Deposited In National and
8,088,088
-
„
Miscellaneous receipts—Proceeds of Government-owned securities:
y
I
Principal—foreign obligations
Interest—foreign obligations
34,831,448 f 35,540,013 ^27,161,264
>•
_
unemployment Insurance contributions
Customs.
94,920
213,594
11,142,458
33,164,990
Silver
I^ss gold reserve
132,184
123,320
12.010 269
bank notes
Res
Net subsidiary
Railroad
MZg'fJS
338,odd
.
Taxes upon carriers and their employees
i
68^?7o'*o2
Tax on employers of 8 or more
•
24.673,061
6,888,476
Federal Farm Mortgage Corporation.e f...
'•
Federal land banks..
3.857.492,110 3,866.874,232 3,231,751,532 2,884,795,043
364,898,081
305,045,145
281,604,725
169,795,554
l>78,624,209
6,401,413
Forest roads and trails
Rural Electrification AdmlnlstratloU.f.
19,874,195
'
District of Columbia (United States share)
Available cash balance
..
3,492,594,029 3,561,829,087 2,950,146,807 2,71|,999,489
Federal Loan
J
*
as
Includes
on
April
1.8663,600,624 silver bullion and 87,106,595 minor coin,
indicated in statement "Stock of Money."
•'
6,000,000
........
5,458,509
5,027
Agency(s)—federal Housing Administration.!....
Reconstruction Finance Corporation.!
Other f
954,789
:
Federal Security Agency—Civilian Conservation Corps...
'v-.'K'"
197.982,680
National Youth Administration
655.968.068
Social Security Board
328,974,318
Other.!
h50.985.432
.«
Federal Works Agency—Public Buildings Administration...........
'.
Public Roads Administration
.
90,873,115
5,173,494
,
...:..C.:.'..
1
976,714,355
322,956
62,701.503
i
h20,481.273
Other..
•
'
144,496,750
.....
United States Housing Authority.!.s
Work Projects Administration
V
56.391,317
-.....'.J............
Public Works Administration.e
«
Interior Department (d)— Reclamation projects
........
——
Panama Canal
•
;!
Post Office Department (deficiency)
Railroad Retirement Board
•?.
River and harbor work and flood control..
i
Tennessee Valley Authority
,
Treasury .Department (d)—Interest
4,659,344
174.641.069
33,991,436
...
-
-
on
20.040.213
...
_
-
the public debt—
686.422,943
Refunds of taxes and duties
.
64,494.788
Veterans' Administration
413.954.921
Subtotal
II. National defense (g)—War Department
1
-
Navy Departmeht..
.....C...—*
Defense aid (lend-lease)
Federal
Security Agency.h
Federal Works Agency
National defense funds for'the President
;
Selective Service (administrative
....j
—
v..\i.
12,648,912
12,670,314
*
—......
:.y.
........
War Shipping Administration
•'
866,646,013
572,570.754
24,722.248
*r
...............'...I....
expenses)....
1
.y.....
1,130.935,860
'.
— — .
United States Maritime Commission
.
...
-
Other.l...'
......
3,639,873
80.772,413
12,081,745
80,869,451
Deduct outstanding obligations:
Matured Interest obligations
'
Disbursing officers' checks..
Discount accrued on War Savings certificates.
Settlement on warrant checks....
.Subtotal.:..
—
Interest
III. Revolving funds' (net)—Fafra Credit AdmlnUtratlon.
<
t.....
reduction, Act June 25, 1940)..
Federal Farm Mortgage Corporation (capital stock
{;
accrued on Adjusted Service bonds...
Public Works Administration
y:
V
;
'
.
i
■
yyw-y;/
■:
Subtotal.
y
^
j
—
Total
IV. Transfers to trust accounts; Ac.—Adjusted service certificate fund
Balance, deficit (—) or surplus (+)
Agricultural Marketing Administration (surphis copmodlty stamps).!...
'
j
J59.738.957
Government employees' retirement funds (United
+2,13l;429,523 +15S3,399,238
92.715.000
116,000,000
S|ates share).......—
Railroad retirement account...................................
"
Railroad
i
unemployment Insurance administration fund transfers to unemployment
1940)
......y.........-;...
7,500,000
trust fund (Act Oct. 10.
275,953,957
Subtotal......
;
expenditures (excluding public debt retirements)..
V. Public debt retirements (sinking fund, Ac.)..
•'
Total
'
-
Total expenditures (including public debt retirements):........
,
Excess of receipts
(excluding public debt-retirements)......;----..........-.---(excluding public debt retirements):-... A-.....-——
(including public debt retirements).;:!
——
— —
Excess of expenditures (including public debt retirements)
—
Excess of expenditures
Excess of receipts
——
— — -
— -
— —
;
*
:•
■
Summary
•
.
.
■
..
.
—
■■;
".
L-yvv
Excess of expenditures
(excluding public debt retirements).--:
Trust accounts,, increment on gold, &c., excess of expenditures (+) or receipts (—)•
jf-.
'*
:
-
'
"-•>
1
'
.*
-
Total excess of expenditures..
Increase (+)
\
<
'•"ru'--./•'
■»
—
.........
or'decrease (—) in general fund balance-—-----———"--—--
Increase In tbe gross public debt
Gross public debt at
Gross, public debt
-
—...
—
beginning of mrtfith or year...
this datc.t
;
Guaranteed obligations not owned by the Treasury
1
Total
gross
public debt and guaranteed obligations.
Trust Accounts, Increment on
—
Gold, &c.
'
4
■
'■
Receipts—
Federal old-age and survivors insurance trust fund—Appropriations....
>
Less reimbursements to general fund
^
'
-'yyiy'.. /.* vvi.;
.
Net appropriations.c....
y
Interest on investments
i
——..........
Net receipts—
*
Railroad retirement aftpount—Interest on Investments.:.—
Transfers from general fund
.....
— ..
........
———
Surplus Marketing Administration—Sale of commodity stamps
Transfers from general fund
,
Unemployment' trust fund—Deposits by States...—1 —; .....:
Interest
on
investments
Railroad unemployment insurance account—Deposits by Railroad Retirement Board.
Transfers from railroad unemployment insurance administration fund
(Act
Oct. 10, 1940)—.:
—
i -y
■
•
•
-t
Transfers from States (Act June 25, 1938)-'.----..
—
1
Other trust aocounts:._XOther funds and accounts—
;
*
'
''y-
N
resulting from reduction in the weight of the gold dollan-...
-Seigniorage..;.:..;::..:...—■
Increment
.-■■■
Total receipts
Expenditures—
-
■
■
.
97,116,093
-
1
••
-
(
Federal old-age and survivors Insurance trust fund—Benefit payments
Investments........
—
0,717,961
159,800,000
...
...
j24,249,566
Railroad retirement account—Benefit payments..—-.--.—
Investments.
^
10,258,179
—
Surplus Marketing Administration—Redemption of commodity •stamps:..;
:
UnempIoymenttru8t<fund-e-lnvestment8-..
Railroad unemployment Insurance account.-.-.-... — ^—
.....— —State accounts—Transfers to railroad unemployment Insurance account (Act June 25,
.
.
1938)-.......
Withdrawals by States
Other trust accounts
Other funds and accounts—
.
;
>
——
j.....-;.
Chargeable against increment on gold—Melting losses, Ac
Public Works Administration revolving fund (Act of June 21, 1938),
Special deposits (net).^
:;.-------Subtotal....................................
—
*1
'
....
......
........
...... .* .......... ..........
kib'bbb'ooo
,
2,521,610
THE COMMERCIAL & FINANCIAL CHRONICLE
.Volume'155- "Number 4063
GOVERNMENT RECEIPTS AND
v
v
■
.
-
,
T.
...
.1.;,
•
'
j
• •
.
'
f
EXPENDITURES—(Concluded)
■
Month
'
Preliminary Debt Statement of the
.
July .1 to March 31
yfjfqrch
United States March 31,1942
1941-42
Expenditures (Concluded)*-
.i
"\'yvJvCV;
V; : v
Transactions In checking accounts of governmental agencies, &c. (net)
y «•;
Sales and redemptions of obligations In market (net):
IN V;1"." '
,}
Guaranteed by the United Htates:
.1
„
..
.
..
1)289,458,000
Commodity Credit Corporation
—•
;Federal Farm 'Mortgage Corporation...
'•V-<■'
Inderal
200,500
— -
Housing A dmlnlstratloo. 1 —————
2,492.000
— — — — — —.
20,399,125
beoo.ooo
Home Owners' Loan Corporation..—
'
•<
<,
Reconstruction Finance Corporation..
bl
United States Housing Authority-..-.....-.....-.
■
V
Not guaranteed by the United States:
"
c
:
.
v
'
b25,097,000.
1,000,000.
;
v 1,500',
b98,570,246
b45,759:
-•
} ■
Export-Import Bank of Washington.'.--;--'s
...
b2,188,920
b28,030,024."
—... .... -
252,832,411 1,543,007
90U95,
Reconstruction Finance Corporation.n.
Rural Electrification Administration-..-.......-:----.
t
.
United States Housing Authority
.
Other.........—.'
••x
i
C'.'U."—'..
•1
;
-
12,099,000
b73,000
b42,332,000
6,968,000
'
Federal Houslug Administration——-—;.——:————
:
C-
L;b90,000
.
............
Home Owners' Loan Corporation.^.-;..——
;
.
i
735,000 ,V
Electric Home and Farm Authority—...
Federal home loan banks...--.--.-..-.-,..--.Federal land banks....1..
Home Owners' Loan Corporation.—j-.-.
Other transactions (net)—Connnoatty Credit Corporation
t'VK-
b33;»6.i856
-
54,000
272,535,803
244,476
10,650
■
36,618,070
••
b»8,072
■J.
339,660
i
b6,020,027.
>23,640,142
63,605,950
J
;
hl.83,097,369
-318,090,435
bl,947,975
b856,07l
;}
124.912,798
15L.713.292
jb49,930,113
1^32,311,469
Subtotal.
Total expenditures
-v;
Excess of receipts......
Excess of
expenditures.-...;::....-......—-..———.——.
Summary >
'• ■. <"
Excess of receipts (+) or expenditures (—):
r:
^ Federal old-age and survivors Insurance trust fund...
234,270.309
—
-
'
.
:
....
Railroad retirement account——
Surplus Marketing Administration
Unemployment trust fund.—
-
v
Other trust accounts
-
;
——
»
Other funds and accounts
*
Transactions In checking accounts of
governmental agencies, &c. (net);
redemptions of obligations In market (net).
Sales and
Other transactions (net).—.
————————
Total
-
Public
Receipts~*
.
-
Debt
Accounts
■
Public Issues—Cash-—'Treasury bills
I
Treasury notes....
Treasury notes (taxseries)
Treasury bonds.
—..—«
——
United States savings bonds (including unclassified sales)
Depositary bonds:—-
—
....
Treasury Notes—Regular Series—
-
Subtotal.
1
Adjusted service bonds
.—
'
Exchanges—Treasury notes...
v
5*95,964 $00
■
Treasury bonds
;....*
....
Subtotal
;
Unemployment trust fund (cert ificates)
series B-I942, maturing Sept. 15,1942.
series C-1942, maturing Dec. 15,1942.
series A-1943, maturing June
series B-1943-, maturing Dec.
series C-1943, maturing Sept.
series D-1943, maturing Mar.
series A-1944, maturing June
series B-1944, maturing Mar.
series C-1944, maturing Sept.
series A-1945, maturing Mar.
series A-1946, maturing Mar.
1%
Special Issues—Adjusted service certificate fund (certificates)..
*
2%
\%%
Hi%
1'4%
1%
M%
H%
1%
1%
*4%
15,1943.
15, 1943
15, 1943
15,1943.
15,1944
15, 1944.
15, 1944.
15, 1945.
15,1946.
Federal old-age and survivors Insurance trust fund (notes)
—
National Defense Series—
Railroad retirement account (notes)
*
Civil service retirement fund (notes)*.
>4% series D-1944, maturing
Sept. 15, 1944 j
8635,064,409.00
....
Foreign service retirement fund (notes)
*
Canal Zone retirement fund (notes).....
—
*4% series B-1945, maturing
Dec. 15, 1945
i 533.838.700.00
.
Alaska Railroad retirement fund (notes)
i
Postal Savings System (notes)
«
-
Government life Insurance fund (notes)..
————-
Tax Series—
National Service life insurance fund (notes)
'
i
........
—...
(notes).
Subtotal
»
Total public debt receipts
.
Certificates of Indebtedness
i}4% adjusted service bonds (Govt, life Ins. fund, series 1946)
Treasury notes (tax series) received
lnsur'ce trust fund:
3% old-age reserve account series, maturing
June 30, 1942 to 1914
'.
214% Fed'l old-age and survivors i is. trust
fund series, maturing June 30,1914 to 1946
Fed. old-age and survivors
for taxes
Treasury bonds.
United States savings bonds.
-----
Adjusted service bonds
First Liberty bonds
-
Fourth Liberty bonds
2%% Fed'l old-age and survivors I lsur. trust
fund series, maturing June 30. 1916
-
Postal Savings bonds
—
3% railroad retirementsaoermnt series, matur¬
ing June 30, 1945 and 1946
Other debt items..
National bank notes and Federal Reserve bank notes.
4% series, maturing June 30,1942 to 1946..
3% series, maturing June 30,1944 to 1946..
4% Foreign Service retirement fund series, ma¬
Subtotal.
turing June 30, 1942 to 1946.....
Treasury bonds
ing June 30, 1942 to 1946
Subtotal
Federal old-age and survivors insurance trust fund
20,000.000
16,400,000
10,500,000
(notes),
p.
Railroad retirement account (notes)
Civil service retirement fund (notes)
—
91,033,009.03
709,300.003.03
1,100,000.00
5,307,000.00
—
6,338.030.03
—
turing June 30. 1942 to 1946-
2%
Postal
June 30,
Savings System
1943 and 1944
55,033,033.03
2% Government life Insurance fund series, ma¬
turing June 30, 1946...;.—..........
2%
Alaska Railroad retirement fund (notes)
Federal
Deposit
series, maturing
Postal Savings System (notes)
tyfe Insurance fund (notes)....
i
7,030,000.0!)
19,225,003.03
Insurance
Corporation
Dec. 1, 1944 to 1946.....
2% Federal Savings and Loan Insurance Cor¬
poration series, maturing June 30, 1945
—
Federal Deposit Insurance Corporation (notes)...
:h;,r
4%
2}$%
5,053,039.03
Is—
v,
Adjusted service certificate
maturing Jan. 1,
expenditures
95,000,030.03
I
■
Certificates of Indebtedness—
Subtotal
fund series,
1043.....
818.703,033.03
Unemployment trust fund series, ma¬
2,399,039,033.03
turing June 30, 1942
Excess of receipts
*
series, maturing
maturing June 30, 1945 and 1946
Canal Zone retirement fund (notes)...:
Total public debt
1,2153)30.03
— ..
3% National Service life losurunce fund series,
Foreign Service retirement fund (notes)
—
2%%
Excess of expenditures.,
Unemployment trust fund series,
ma¬
...
J,.."'-.! iS-*
Increase (+) or decrease
-■
...
turing June 30, 1942
<•
511,000,033.03
:
2,928,703,000.00
(—) In the grass public debt:
Public Issues—Treasury bills—
-
Certificates of Indebtedness.1
Treasury notes—
*
603.033,093.03
4% Alaska Railroad retirement fundserles, ma¬
100,000
Unemployment trust (pud (certificates)
.C
1,328,103,039.0:)
4% Canal Zone retirement fund series, matur¬
Special Issues—Adjusted service certificate fund (certificates)....
■
S947,900,033.03
Civil service retirement fund:
Exchanges—Treasury notes
Government
—
Special Issues—Treasury Notes—
Treasury notes (tax series) cash redemptions—......
'
/■
Special Issues—Bonds—
—
Tieasury notes...
"
j
V
(nrilturity value)
Treasury bills
Expenditures— •
Public Issues—Cash—Treasury bills
j
•
A-1943, matur'g Aug. 1, '43—i 831,027,150.09
B-1943, matur'g Aug. 1, '43..'1,929.716,100.09
A-1944, maturing Jan. 1,1944
11,055.225.09
B-1944, maturing Jan. 1,1944 561,496,500.00
Federal Deposit Insurance Corporation (notes)...
•Federal Savings and Loan Insurunce Corporation
j
861,933,736,953.08
......
........
Treasury notes (tax series)..
...
■■
'Bonds;——————
Other debt Items
v.
National bank notes and Federal Reserve bank notes
Subtotal.
Bpeblal Issues..
•
a
Total
Includes the amount of $2,413,946.05,'representing receipts from "Social Security
taxes—Employment taxes" collected prior to July 1, 1940, and which are not avail¬
able for appropriation to Federal old-age and survivors insurance trust fund.
V
'•
b Excess of credits (deduct),
••
.
•
—,
,
v>
.
-
Represents appropriations equal to "Social Security—Employment taxes"
collected and deposited as provided under Sec, 201 (a) of the Social Security Act.
amendments of 1939 less reimbursements to the general fund for administrative
c
expe.ises.
Such net amount Is reflected as net appropriations to the Federal old-age
and survivors Insurance trust fund.
d Additional
;
expenditures
•<
included In "Departmental" above.
included in revolving funds, stated separately
_
are
ft Additional transactions are
•
♦
Debt Bearing No InterestUnited States notes..
Less
gold reserve-—:
bflow.'
f Additional transactions are Included under "Transactions in checking accounts
Of governmental agencies, &c. (net;" above.
:
ft Additional expenditures attributable to national defense, payable from funds
which have supplemented regular appropriations of the civil establishment, are
v
included under general expenditures in group I. above.
h Reflects adjustments by reason of transfer of Coast Guard and other accounts
Deposits for retirement of National
Federal Reserve bank notes...:..
bank and
;
and fractional currency
Thrift and Treasury savings stamps
Old demand notes
—
•
{o the National defense classification in
accordance with Executive orders. &c.
1 Exclusive of issues of debentures of the Federal
for
•"*
Housing Administratofn exchanged
properties or mortgages and not reflected in the dally Treasury statement as
Such issues this month amount to $353,750.090.
-
cash transactions.
-
J This amount is revised on the last day.of the month to adjust for changes in
Total gross
public debt (inrludlng 82,223,451,503 advanced to
governmental agencies for waioir tnelr obligations are owned
862,419.288,420.28
by toe Treasury)- — - — — ---';- — —,-— —
1
5.690.053,605.*$
Guaranteed obligations not owned by the Treasury
.
class.ficatlon which were made beginning Sept. 30. 1941, on account of the sale and
rede.npt.lon of commodity stamps issued by Agricultural Marketing Administration.
Total gross
public debt and
guaranteed obligations
868,109,342,023.56
THE COMMERCIAL & FINANCIAL CHRONICLE
1472
Monday, April d3, 1942
Treasury Cash and Current Liabilities
Monthly Report on Governmental Corporations and Credit Ageneles^
liabilities as of Feb. 28, 1942, of govern¬
mental corporations and credit agencies, financed wholly or in part by the United States, was contained in the
Department's^-"Daily Statement" for Mar., 31, 1942.
y ;
;
y
i
<•
t
y /
/ i r
As now computed, the Federal Government's proprietary interest in these agencies and corporations, as of
Feb. 28 was $5,371,910,138, and that privately owned was $434,200,000.
;
.
The monthly
report of the Treasury Department, showing assets,and
The
holdings of the Government as the items
1942, are set out in the following. The
figures are taken entirely from the daily statements of
the United States Treasury of March 31.
-
,
,
,
,
CURRENT ASSETS
COMBINED STATEMENT OF ASSETS AND LIABILITIES OF GOVERNMENTAL CORPORATIONS AND CREDIT AGENCIES OF THE
UNITED STATES, COMPILED FROM LATEST REPORTS RECEIVED BY THE TREASURY*—FEB. 2$. 1942
SUMMARY (d) OF
cash
stood March 31,
AND LIABILITIES
gold
.
ASSCtS"~~"
Gold (oz.
Assefs
,
....
648,211,976.3)-...
t
I
*
v
V
^
Total
Real■
Investments
Due
from
Accounts
Estate
United
Securities
and Other
and Other
Corporations
Stales
Guaranteed
Receivables
Business
and
Liabilities—
Government
Capital
Stock, dec.
Preferred
Loans
Securities
Properly
by U. S.
Agencies
■
Gold certificates—Outstanding (outside of Treasury)
Gold
Corp...
Corp..
Corp.
Authority—
Public Works Admin......
*J. 8. Maritime Comm'n..
Rural Electrification Admi.
HomcOwnefs'Loan Corp
;
Federal Savings
& Loa|i
Insurance Corporation— Federal Home Loan Banks.
Federal Housing Admin...
Federal Nat. Mtge. Assn..
t7. S. Housing Authority...
Farm Credit Admin
Federal Crop Insur.
plus war
flee, of the
23,153,489
8,409,084
40,717,172
44,802433
9,027,774
21,038,775
7,178*.591
Corp..
h4,276,174
12,094,159
f
SILVER
8,562,601
5,324,493
8.513,430
87,335
27,456,544
167,421
26,090
.
61,087
!■;
313,988
2,350
138,600
4,681
h7,729,484
16,088
18,277.
31,421.068
528,379
6,021,587
1,596,851
„
31,773
.
$176,354,333.80
9,746.532.22
„
Minor coin,.
12,010.269.25
41,139.,50
-
063.559,438174
7,106,595.26
...—
.United States notes..
2.169.410 00
Federal Reserve notes
18,674,277.50
Federal Reserve bank notes
Corp. d.
703,071
RR. Co.d......
RicoRecon. Adm.d
9,381,913
448,365
86,280
Panama
3,687,664
19,831,471
h47 958,0 44
435,450
-
10.975
618.290
42,073,027
569,914.50
<26.058.394133
Unclassified—Collections, etc
Deposits in:
155,859
6,802,847
1,551,591
; ;
,
Federal Reserve banks...
«
524.838,463.75
Special depositaries account of sales of Government securities.
National and other bank depositaries:
''
Valley Associated
Cooperatives, Inc d.__
To credit of Treasurer United States
2,231 299,000 00
v
,jr> 386.114 08
A„.
To credit of other Government officers
Department:
Advances to Fed. Res.
hanks for Indus, loans.
123,319,50
,
,
National bank notes.....
27.639
945,582,833
1.876,971
hi,766,427
295,591
,2.765,090
Co
.
Tfenn.
Treasury
Foreign depositaries:
•,
,
1061675,957 ll5
.
To credit of Treasurer United States
27,546,311
*.
10 600 000 00
To credrt of other Government officers
<fc loan assns.
(Transporta¬
Philippine treasury:
i,;,
446,299.32
.
To credit of Treasurer United States....
tion Act, 1920)
1
Seeura. ree'd by Bur.
of Int. Rev. in set¬
Total...
832,605.93
$3,857,492,109.83
—
Liabilities—
liab's.
Treasurer's checks outstanding...
ree'd from the
under Act of
Feb.24,1938
fiecurs.
$7,826,661.85
7 402 826 73
Deposits of Government officers—Post Office Department...
Board of trustees, Postal Savings System—5% reserve, lawful
RFC
Interagency items: m
Due from
other gov¬
money.....
59.300,000.00
94.378,084.28
Other deposits..........
Postmasters, clerks of courts, disbursing officers, etc
Uncollected Items, exchanges, etc..
corpora¬
2,125,875,572
agencies ....
tions or
5
Subsidiary coin (oz. 8,687,928,5)...........
Bullion—At rccoinage value (oz. 29,759.3)
At cost value (oz. 1,362,321,351.2)*
677,760
2/207,979
corp'ns.r..
ernmental
9,746,532.22
$1,973,853,516.22
Gold (as above)
Silver—At monetary value (as above)
54,313
—
tlement of tax
$1,962,948,412.00
1,158,572.00
........
„
Assets—
42.471
(Indian
RR. loans
.
.
Treasury notes of 1890 outstanding
Silver In general fund........
GENERAL FUND
Corp.... .
savs.
$1,973,853,516.22
Silver certificates outstanding
.12,813
1,253,597
Security Admin...
Fed. Prison Indus., inc..
Fed
482.749,202.00
i
Total
Farm
Puer.
$1,491,104,314.22
Total-..-
Liabilities—
-
36.194
46,843
I
Silver dollars (oz. 373,376,335.9)
"
Farm Auth..
RFC Mortgage
$22,687,419,170.36
SJlver..(oz. 1,153,275.993.0)...
56,732,947
316,406
......
16,592
Inl'd Waterways
176.354,333.80
Total..i._
;;
Other:
Nat. Defense
:
32.948,448.63
>
supplies) - ....
Treas. (U. S.
Dept.
'
$143,405,885.17
."....
915,808
5,722,666
12,890,759 168,202,088
2,074,021
1,689,898
2,501,803 39,498431
417,636
113,521,043
Corp
SpruceProd. Corp..
interior
loans)
i
■
<•
.
(sale of sur¬
Disaster Loan
....
resulting from reduo-
tlon in the weight of the gold dollar
In working balance
r
3,674", 684
51,951.439
755,879,840
RR. Admin.)
33. Home &
;
4,172,596 127,315,751
1,802,987
18,188,447
Balance of-lncrement
-
9,616,299
1.290,392
25,190
111,854
49,935,598 181,409,479
31.494,956 43,999,624
16,391,966 30,889,186
457,624
129,021
1,183,885
34,573.033
7*55400
-
50,090
8,432,018
99,574,604
53,928,312
15,565,680
U.S. Housing
U. 8.
Treas¬
by silver dollars In the
also secured
are
Gold in general fund:
931,361,059
283,703482
corp'ns &
liquid'n):
agencies (in
1890
of
Treasury. "
Exchange stabilization fund
7,212,694
5,590,459
2,373,440
27,258,217
banks.x..... ;
Fed Interm. Credit banks.
Banks for Cooperatives
Production credit corp'ns..
Regional agrlc. credit corps.
Navy Dept.
notes
ury
21,539", 023
167020410 283,405,324
Federal Land
War emergency
and $1,158,572 of Treasury notes of 1890 outstanding.
8,075,402
Valley
federal Farm Mtge.
......1
Note—Reserve against $340,681,010 of United States notes
•
14,856,679
36.871.310
Federal Deposit Ins.
Tenn.
Federal Reserve
Redemption fund—Federal Reserve notes
Gold reserve
h48 792,887
Wash.
Export-Import Bk. of
fund—Board of Governors,
System..
s
626,069,891
h54730,033
Reconstruction Fin. Corp..
certificate
■
%
Commodity Credit
-
,.{
179,453,033.77
161537,474
96
Due to other govern¬
mental
corp'ns
or
,v,:
agencies
Balance today—Increment on gold (as above)
-----I
Belgnlorage (silver, see note 1)
Subtotal
Working
...—-
balance
Interagency In¬
terests incl. above..
Less:
?
Total
Total
Li 'bil ties and Reserves
Proprietary Interest
by United
States t
Not
Interagency
Assets Over
Due to
Guaranteed by Govt. Corp'ns
United States and Agencies
Liabilities
The weight of this Item' of silver bullion Is computed on the basis of the
average
cost per ounce at the close of the month of February, 1942.:
"
Distribution of U. S.. Interests United States
Excess of
Ouaranteed
Privately
Owned
Owned by ,
Uni'ed
f
States
j
.
,
Surplus
Capital Stock
.
interests
(Net)
Note 1—This item of seigniorage represents the difference between the cost value
and the monetary value ofellver bullion revalued and held to secure the silver certifi¬
cates Issuwl on account of silver acquired under the Sliver Purchase Act or 1934 and
under the President's proclamation dated Aug. 9, 1934.
1
•
Note 2—The amount to the credit of disbursing officers and certain agencies todav
325,000.000
Reconstruction Fin. Corp.. kl496088.645
Corp... k702,076,813
100,000,000
175,000,000
Commodity Credit
Export-Import Bk. of Wash.
Federal Crop lnsur. Corp..
Federal Deposit ins. Corp..
*
a413^82,656
Public Works Admin
a88.175,563
—
Maritime Comm'n..
Rural Electrification A dm.,
al23.225,254
.:
banks.
Admin
Federal Nat. Mtge. Assn. ..
MS.. 8..Housing Authority.—
Farm Credit Admin
'.
a76.013.040
Federal Housing
ba ks.
Banks for Cooperatives
Production orcdit corp'ns...
Regional agrlc. credit corps.
139;,005,273
3,376,033
<U. S. Spruce Prod. Corp.
Other: Disaster Loan Corp..
1,429,692
304.031
a63,128|
1
V
-
■
Fed. Prison Indus., Inc.-
*
c32,189,272
: 204,031
<100,000
24,000,000
850,000
cf,624,163
v
.
.
;
v
'■ ' ''
1942,
not
are
Associated Coop¬
"
-'
-
*
-
propw
-
Inl'd Waterways Corp.d.
12,103,642
Nat. Defense corp'ns.r...
37,724,270
Panama RR. Co. d......
54,886.742 "
3p.000,000
7,000,000
7.343.729
d
25,687,517
RFC Mortgage Co
Tenn.Vy.A88O.C00p.Inc d
y293,317 -
a7,343,729
*27,546,311
19,705,000
25,212,678
A loan assns.
*25,212,578
RR. loans (Transporta-
tlon Act. 1920)
by
Rev.
in
Bur.
60,158
*60,158
1,947,000.
RFC Act Feb.24,1938
al,947,000
Interagency Items: m
Due
from
other gov¬
States
amount of $350,885,165.
as
commitments amounting to $492,075,300
has also agreed to disburse 5230,232,500
CQmmitmehii amounting
*
687.517
; 292,317
Treasury,
which
on
to $271,388,900 now being
additlonai
financed
by
authorities.
araoynfs Jp. bpn.<t8_ap£l..potes held ;hy: (the Becretpry.
shown as interagency liabilities:
are
i500;
1
......
Valley
Corporation, $305,000,000.
j
/
Tennessee
Commodity.,Credit. Corporation, $152,000,000, and.Federal Farm Mortgage
of Government agencies, which agencies are not
|
•
m
Repreaenta
lhteragency assets and liabilities of the Treasury Department
included in this statement.
and*
!
.1
'
capital stodkr aqd pald-la'surplus Items
ii.^pjreMhta-ialcfASe^
(..which are not deducted from the
spending organizations.
;
set¬
the
,
28, 1942, the United
"Authority. 556,772,500; U. S/HoUslng Authbrlty, $274,000,000; RFC. $1,334,725.-
-
.
S
tlement of taxllab's..
from
contract
the
'of
-
27,616,311
19,705,600
bks. for Indus, loans.
'
of.tVb".
"Advances have been made in the
Authority
..fc.Excluded pre. the
7,724,270.
25,000,000 v
1,000.
As
.........
Treasury Department:
Advances to Fed. Res.
ree'd
$763,464^200.
'loan
47,886,742
Puer. Rico Recon. Adm
$35,244,610; shares of Federal
Housjng Authority had entered into definite contracts calling for maximum advanced
-securities Issued by local housing
a2,708,477 1
12,000.000
ree'd
^estate'and Other
•The Houslhg
7,454,261
2,708,477
24,103,642
loans)
Securs.
< ■
'V-
/■
;
j Also excludes contract commitments.
;of.
(Indian
Dept.
Int.
y; :
r' :
h Also includes deposits with the RFG and accrued interest thereon.
--of Feb.-28. 1942, s®ainst loan contract
579,692
,
106,703,907 a306.703.907
11,567.64,1 ;-a4,113,380
Farm Security Admin—.
of
'
V
savings and loan associations, $131,775.800.
I
^34,069,548
22.375.837
£1. Home & Farm Auth..
'
...
-g-Adjusted-for-interagency items and ltotns in transit.
■>■■■
yy
.
1,880.276
Becurs.
'<■}
•
figures are as of Dec. 31, 1941".
^
--
a3,376,033
63,128
Corp——
L
;
1942./Figures for Feb. 28,
1 Shares of State building and loan associations,
supplies)
(U. S.
savs.
(deduct).
/■"'''//"■ •"
Excludes unexpended balances of appropriated funds/ •"
e
5,000,000
RR. Admin.)
Fed.
:
available/Finland Waterways Corporation and Tennessee Valley
flee, of the Treas.
vy
...
-
Figures shown.are as of Jan. 31,
erative*'.
agencies (in ilquid'n):
Navy Dept. (sale of sur¬
Interior
--
corp'ns &
War emergency
V. S. Housing
d
..
11,379,576
a45.950,243
100,000,000
67,371.965
60,000,000
144.000,000
120,000,000
Corp..
Fed. Interm. Credit
plus war
>
the Treasury Department to adjust for certain
therefore may not agree exactly with statements Issued by
agencies,
Deficit (deduct).'
c
10,000,000
1,000,000
Federal Land banks-x
t
• •
.
b Excess interagency assets
124,741.000
Federal Farm Mtge.
,
Non-stock (orIncludes non-stock proprietary Interests).
a
100,000.000
Corporation
surance
>„
t Includes accrued Interest.
200,000,000
Corp..
Federal Savings & Loan In¬
Owners' Loan
Federal Home Loan
••
These reports are revised by
Interagency items and
-the respective
a471,544,869
liome
$7,245,889,006.46.
was
20,000,000
150,000,000
Tieen. Valley Authority
«J. 8.
$3,857,492,109.83
a
-
*
•.
Includes cash«ln trust funds.
q
Exclusive of the'amount of
accoant Of obligations
cor re-'
'
p
■
|
capital stock and paid-in surplus of the
l
'
thMfovernment's financial interest
held by the Treasury and included
i
on
:
caption: /"Due to Government
;
^
as
In these agencies
liabilities under the
•
ernmental
tions
Due
or
to
corpora¬
2,125,875,572 a2125875,572
agencies
other
mental
350,680,609
Subtotal-Less:
interagency
r
lhcludes Metals Reserve Company,
ning Corporation and Defense
Rubber Reserve Company, Defense Plan¬
Supplies Corporation and Defense Homes Corporation
:
or
agencies
-
>.
govern¬
corp'ns
corporations and agencies—Treasury."
350,680,609
14,143,336,778 6,260,851,138
.
—350,680,609 a350,680,609
434,200,000 5,826,651,138 5,228,000,402
Total.—
.
3,969,789,250
454,741,000
10,173,547,528 5,806.110,138
.........
454,741,000
453,741,0J)0
434,200,000 5,371.910,138 4.774,259,402
s
Includes capital stock
agencies.
.
in¬
terests incl. above...
U
x
and paid-in surplus of Government corporations
v;
and
V-/ .yyVyv'.-y / / /
/
the Federal Land banks of Louisville,
includes the assets and. liabilities or
Ky., and Houston, Texas, which have retired the capital stook and paid-in surplus
previously held by the Federal Government.
"
_
'
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
Condition of the Federal Reserve Bank
igiil Foreign Exchange Rates
Pursuant
the
to
requirements
of Section
of the
522
1930, the Federal 'Reserve Bank is now
certifying 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:
t
r FOREIGN
-
EXCHANGE
*•
*
RATES
'
-
,
CERTIFIED
BY
The
:
APRIL 3" TO APRIL 9. 1942, INCLUSIVE
J( Counttu and
AVT.fi)
Ait. 4
'
V? $
$ -V
•:
a
Bulgaria, lev
V ,AjtT; 8
Apt,
a
a
a'
a
the
at
:;V
'
r
Official
4.035000
Free............A
4.035000
Finland, markka
France, franc
a
hand
on-
F.
—
8,111,676,000
%
'
a
1,559,000
1,373,000
v
a
Norway/krone
a
Poland, zloty
Portugal, escudo
Rumania, leu
a
a
a
b
b
a
U.
a
h
b
b
a
a
000,000
/,
,
a
1,200,000
,
b
4,342,000
1,738,000
'
1,102,000
Govt,
bills
234,163,000
591,039,000
591,404,000
I-'V-**-"
F.
securl-
foreign banks
notes of other
R.
597,901,000
18,000
2,370,000
255,501,000
10,452,000
11,631,000
629,555,000
18,000
1,812,000
175,766,000
9,699,000
13,088,000
597,676,000
18,000
-
banks
3,174,000
f;
Cliefoo,doTr(yuan)
a
a
a
a
a
a
Hankow, dol. (yuan)
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
Hongkomr, dollar..
a
a
a
a
a
week and the year ended Apr.
1, 1942,
'■«'
10,452,000 ''
11,800,000
_V„
Japan,
Assets-
.301215
,301215
.301215
.301215
.301215
a
a
a
a
a
a
a
a
a
a
a
a
yen
11,394,000,000
culation
3.228000
3.228000
3.228000
3.228000
3.228000
3.215033
3.215033
3.215033
3.215033
3.216033
Africa—
<\i
,
3.228000
:\y
'
•
,
3.227833
3.227833
V
North America-
3.980000
3 980000
3.980000
3.980000
3.980000
'
,er
..
I
Other
Total deposits
•
Un.of Ho. Africa, p'd 3.980000
'v^:V;,v
■'.i
Deferred
6,493,462,000
6,572,410,000
VA
t
■■■:
217,765,000
153,303,000
liabilities
Other
Official...
.909090
.909090
.909090
.909090
.909090
Free
.868750
.868016
.870516
.869553
.868359
.867187
.205750
.205750
.205750
.205750
.205760
including
,"
V
; .!
:
U.
.909090
Official.--
.909090
.909090
.909090
.909090
>W9090
.909090
P'ree—
.866250
.865416
.867916
.867083
.865833
.864583
Official:—
.297733*
.297733*
.297733*
.297733*
,297733*
.297733*
Free
.237014*
.237044"
.237014*
.237014*
.237014*
.237044*
.060580*
.060580+
.060580+
.060580+
.060580*
.060580*
.051360*
.051385*
"'.051385*
-Vf'.
.A
..
.
.
52,256,000
51,573,000
56,447,000
7,070,000
13,182,000
52,211,000
56,651,000
7,070,000
13,275,000
-
56,651,000
7,070,000
—
,051385*
i-
Chile, pesoOfficial....
.051385*
.051385*
-
13,282,000
b
h
b
b
b
b
.570175*
.570175*
.570175*
Controlled
."858300*
.658300*
.658300*
.658300"
Noa-eontrolled....
.527220"
.527220*
.527220*
b
b j
.570175*
.527220"
-.Export
Colombia,
peso:
l-
b
.570525*
.
.570375'
Nominal rate.
•
No rates available,
b
F.
and
R.
9,143,889,000 10,480,287,000
9,036,077,000
.
Cash
own
Temporarily omitted.
*
cash"
does
In
94.6%
94.0%
having
Central Banks
There have been
discount
Federal reserve
Include
not
;
notes
or
bank's
a
f"
Present
at
rates
any
'
Rate in
Effect
Belgium
Bulgaria
pre.
Date
Rate in
vioui
April 10
2
Jan
—
5
Dec
Chile
-
1940
2Vi
Hungary
1946
6
India
Colombia
Jly
28,
Jan
1936 4
1933 5
1041
3
difference,
difference
1,
1936 3Mi
Jan
2,
1937
Denmark
Oct
16,
—
5
—
Poland
1940 4 Ma
Jun
30,
1932
Oct
1939 3
1935 5
3 Ma
Portugal
—
mercial-paper
Rumania
3
Sep
South Africa
3 Mi
May 15,
Mar 29,
4 Mi
Oct
26,
1,
4
Dee
3,
1934
4 J/4
Spain
France
1%
Mar
17,
1941
2
Sweden
3
May 29,
1941
Oermany
3 Mi Apr
6,
1940 4
Switzerland
lft
Nov 26,
deposits
Gov't
S.
Interbank
new
loans and renewals.
6
4.
1937 7
Yugoslavia
5
Feb
Rates con¬
iy4% tip to 90 days and IV2V0 for four
has
been
supply of
The market for prime com¬
quite
—_
Estonia
Finland
•
...
Not
Jan
---
12,11940 3 Mi
1933 4 ft
mand
and
strong
has
also increased to
deposits:
active'this
Reserve Banks
-.r"
v.
V"-"-'
'
' :S':'
y
'
•
.
v
little
,.,r
_
-
...
f
Francisco Federal Reserve Bank reduced, ef¬
April 4, its rediscount rate from \Vz% to 1%.
The V-h.%. rate had.been in effect at the San Francisco.
San
Bank since
Few bills
excess
of the supply.
including 90 days
Vz$!o bid and 7/10
are
in gold
in
'
-V
yRate in Effect
Federal Reserve Banks
Boston
New.
:
York
April 10
Philadelphia
_•
;
1
*
Sept.
—
16,
r
*lMa
City
'
Government
1939.
^
^
'
1942
1942
.
;
3,
'' IMa
1
V
'
obligations
'
Mar 21, 1942
Apr
bear
14
rate
*
of
Inc.,
"
——;
preferred^^lm $100)
Lorsch
:■
.
■iV
.
,ing,
-March
-
.
Co.
v
(Detroit)
1947,
Straus
1,
Additions
Federal
of
$172,000,000 in
Banks, $10,-
Reserve
Reserve, accounts, and in¬
increase of $17,000,000
an
reserves
offset
currency,
in
in cir¬
money
of member banks
April 8
on
$170,000,000 for the week.
The principal chang^in holdings of bills arid securities
decrease of
was a
,
f
$1,000,000 in United States Government
'
:
>
during the week and the
follows:1
as
' ■
"
'
*
* '
«
balances and related
reserve
year
ended April 8, 1942,
--*-.
.
.
.
Since
6s,
coupon
Safe
Since
*
April 8, 1942
discounted
U. S.
U.
$
7,000,000
Govt, direct oblig.Govt.
S.
Indus,
guar.
oblig._
(not
-
2.000,000
,
/ 60,000,600
;it000,000
4,000,000
1,000,000
Bank
Res.
creditcredit
stock
bank
res.
_
R.
3,000,000
85,000,000
2,384,000,000
45,000,000
149,000,000
3,000,000
262,000,000
2,000,000
3,279,000,000
11,§10,000,000
2,177,000,000
with
+ 219,000,000
+
—
17,000,000
10,000,000
166,000,000
941,000,000
—
2,617,000,000
+
—
95,000,000
Fed.
Banks
Non-member
1,000,000
47,000,000
bal.^._-12,715,000,000
Treasury cash
dep.
10,000,000
124,000,000
22,675,000,000
——
Bank
Res.
other F.
2,239,000,000
s
.:
2,000,000
commit.—
April 8)
Treasury,
-
includ.
adv.
$14,000,000
Other
April 9,1041
April 1,1942
$
Bills
—
190,000,000
deposits
—172,000,000
1,645,000,000
4,000,000
—
623,000,000
--
363,000,000
&
accounts™
10
29
Foreign Money Rates
1941, ctf.
dep.;
$9,000
In London open market discount rates for short bills
Building,
1st 7s,
$1,000
„
reserves
to member
66
1st 6M2S,
1939, coupon Jan. 1,
1933, and sub on; $1,000 Professional Center Build-
lMi
a;
99l/a
—;
Kinney Manufacturing Co./common
Manufacturing Co., preferred_L—
2
effective
20Va
preferred
Kinney
Taller Hotel
6,000,000
decreases
other Federal
Excess
bonds
$10,000
V"~ IV,
1%,
Son,
:'v
v
r-lft
4,1942;
a
Bird
&
+
"stock, and $2,000,000 in Treasury
of
crease
Reserve
..
$ per Share
Holyoke Co., Inc., second
Amoskeag
Co.,
preferred-
8
IM2
lMs
,
STOCKS
The
2
iy2
•
..
5
f' 2
1937
1942
10
•:
IM2
-■
,V
Shares
VIMi
•
Mar 14, 1942
Mar 21, 1942
Feb 28,
Mar 14,
"A
IM2
;
-
,
c
1
on
1939
Sep
'
■
.
1,
Mar 27,
-
1 '
..
Francisco—
Advances
,
1
—
Dallas
San
<Vv
1
„
Louis
•Minneapolis
Kansas
1
—•
—
Rate
Aug ,27, 1937
Mar '21-, 1942
May 11, 1935
IMa " r-Vi
Richmond
Atlanta
St.
Sep
1
—
Cleveland
Chicago
Established
1
_
with
Money in circulation
Transacted at R. L. Day & Co., Boston on Wednesday,
April 8th.
Previous
1
:—
_
Date
%
"
•
6.000.000
5,000,000
estimated/to be approximately $3,170,000,000, an in¬
Member
Auction Sales
j
+
+
$45,000,000 in Reserve Bank credit, $3,000,000
Treasury currency
at'the different Reserve
DISCOUNT RATES OF FEDERAL RESERVE BANKS
and
culation.
were
Gold
banks:
deposits
part by
Total
running from 1 to 90 days.
The following is the schedule of rates now in effect
for the various classes of paper
from
Dealers' rates
The bill buying rate of the New York Reserve
Bank is lk% for bills
Sept. 3, 1937.
458,000.000
—
2,000.000
$219,000,000.
arose
coming out and
are
y2% asked; for five and six months, %% bid and 9/16%
asked.
1,466,000,000
+
+
prime bankers'acceptances has shown
asked; for bills running for four months, 9/16% bid and
fective
19,000,000
Increase (+) or Decrease (—>
activity this week.
bills up to and
by various, of the Federal
Reserve Banks in lowering their rediscount rate to 1%,
the
increased
of
creases
were
reported bf the Federal Reserve Bank of New York for
> ■;
+ 102,000.000
639 000 000
6,000,000;
deposits
items
action
recent
8,885 000.000
banks
+
Reserve Banks I
bonds.
-
Bankers' Acceptances
the demand is still in
:
Rates
moderate extent.
1, 1935 6ft
Discount Rates of the Federal
Following
1.886 000.000
Changes in member bank
The market for
321,000,000
—
The Week with the Federal
3*A
officially confirmed.
;;
a
%—%% for all maturities.
are
1939 5
1,104.000,000
+
5,000,000
—
deposits
Borrowings
has improved and the de¬
paper
—377.000 000
5,120,000,000
Foreign banks
1936 2
Oreece
week.- The
221,000,000
—
000,000 in Treasury cash, and $4,000,000 in non-member
the Stock
on
4%
4 ft
J4& Dec 17, 1937 5
4
Mar 31, 1941 4Mo'
67,000,000
+
24.197.000.000
Time
Treasury
Money Raies
to six months matiirittes.
7
—
During^the week ended April 8 member bank
through the week for both
tinued nominal
4
82,000,000
—1,364,000,000
ad-
Justed
.
1934.
The market for time money continues quiet.
3.65
69,000,000
—•
6.000,000
24,000,000
—
3,367,000,000
—
itself
,
all
9.951,000,000
491,000,000
under the provi¬
the Treasury
profit by
as
the
Exchange from day to day, 1% was the ruling quotation
5
......
Danzig
Erie
the
Dealing in detail with call loan rates
1935 3%
__
vakia
of
New York
22, 1940 4 '
Nov
4Ma May 18, 1936
Japan
-.-J3*29 Apr 7* 1936
Java
3
Jan 14, 1937
Lithuania
6
Jly 15, 1939
Morocco
6Mi May 28, 1935
Norway
3
May 13, 1940
Czechoslo¬
England
Oct
Italy
1935
18,
—
26,
3
3
5,
~:
24,000,000
—
domestic
bank- reserves
Rate
Jun
18,000,600;
3,711,000,006
deposits
balances
vioui
2 Mi
1,
2Ma Mar 11,
Dec 16,
Canada
Effective
Holland
.
___
Date'
171,000,000
+
+2,018,000,000
for the
Pro-
Effect
Country
April 10
Effective Rate
3Va Mar
1, 1936
Argentina
appropriated
'
table which follows:
Country
extent
the Gold Reserve Act of
sions of
the/leading centers are shown {in' the
.
the
+
.
changes during the week in the
of the foreign central banks,
no
of
rates
been
to
62,000,000
—
3,000,000
9,000,000
—
2,684,000.000
:
with
Domestic
Federal Reserve bank notes.
worth less
17,000,000
23,000,000
100,000,000
Liabilities—
1,500,000
425,000
These are certificates given by the United States Treasury
ing
+
—243.000.000
2.354,000,000
vault
31, 1934, devalued from 100 cents to 59.06 cents, these certificates be¬
Foreign
—
680,000,000
—
banks
gold taken over from the Reserve banks when the dollar was, oh Jan.
Discount Rates of
1,878,000,000
banks——:
Balances
in-
dustrial advances——423,000
t "Other
47,000,000
—
3,000.000
+
9,671,000.000
U.
note
make
—
2,000,000
+
29,000,000
,
liabilities combined—1^3.9%
V'
.658300" -.658300*
.527400* *."627400*'
——
407,000,000
(
Gov't
Dem&nd
r
to
reserves
^Commitments to
Uruguay. peso-
*
total
of
deposit
'
and
capital accounts--—.
:
Ratio
b
b
b
liabilities "
Total
96.000,000
1,245,000,000
securities
serve
Brazil, milrels—
?: omdai
•t
Free:... 1
*
banks
loans
S.
Other
9,014,682,000 10,352,015,000
;
-
—
-
Reserve with Federal Re¬
Capital paid in_———
Surplus (Section 7)_^_—
Surplus (Section 13b)
Other capital accounts
'
South AmericaArgentina, pesdr— ~v-
liabilities—8,906,818,000
yy Capital Accounts—
408,000,000
pur¬
bonds
U.
Total
Newfouu Hand, dollar
v,,
1,161,000
936,000
1,117,00
1,538,000,000
; 77,000,000
Obligations guaranteed by
■
accrued dividends
+,
.
.205750
Mexico. p?so..
S.
+
2,000,000
—
carrying
Treasury bills
Treasury notes
8,564,266,000
190,918,000
availability items
'
Canada, dollar—
for
loans
estate
Loans to
3,542,000,000
+
>1,566,000,000
5.000,000
—
424,000,000
securities-
or
securities
Real
8,000.000
—
and
.
.'■*
■
in
loans
chasing
—287,000,000
7,003,000,000
paper
brokers
dealers
5,671,597,000
7,099,5)80,000
86,302,000 •
104,645,000 ■' 366,302,000
282,997,000
299,405,000
745,153,000
* 518,047,000;
496,763,000
352,831,000
5,605,116,000
Foreign
.; .Other deposits
3.227833
3.227833
Acct.
Treas.—Gen.
S.
to
Other
acct;
U.
3.228000
Free.-;-........... 3.215033
New Zealaiul, pound. 3.227833
1,633,285,000
2,223,571,000
2,221,321,000
-
Member bank—res.
.......
Loans
^
$
industrial
and agricultural loans
cir¬
Deposits:
;
Australia, pound—
Official
■
30,494.000,000
Loans—total
Open market
actual
April 2, 1941
yyMyyy.
$
Loans and investmentstotal
9,143,889,000 10,480,287,000
9,036,077,000
in
notes
R.
Since
Mar. 25, 1942
April 1, 1942
Liabilities—
.301215
Straits Settlem'ts. dol.
Australasia—
Total assets
,
India (British), rupee
—
follows:
Since
-
Commercial,
F.
$98,at all
Increase (+) or Decrease(—)
a
.
increased
banks
and $102,000,000
A summary of the
principal assets and liabilities of
reporting member banks together with changes for the
a
Shanghai,dol (yuan)
Tientsin,dol.(yuan)
227,220,000
Bank premises
Other assets
domestic
Chicago District
623,475,000
..
Uncollected Items
'
'
in holdings of
Deposits credited to
389,312,000
182,489,000
onrf
———
and
Apr. 1.
demand
000,000 in the
se-
dirppf
of reporting
System for the
reporting member banks.
408,915,000
a
Asia—
China—
*
182,457,000
ties
Due from
b
a
S.
U.
Total
b
%
'
5,395,000
1,102,000
—
guaranteed
a
,
b
i
a
5,535,000
di-
408,582,000
mriripQ
a
b
b
•
•
V
:
body
Reserve
Demand deposits-adjusted declined $493,000,000 in the
Chicago District and $377,000,000 at all reporting member
banks, and increased $103,000,000 in New York City, t ;
4,225,000
\
117,000
4,195,000
>
and guaranteed:
Total
a
b
b
•
discounted-*
_
entire
Other districts.
•.
.
.
1,250,000
securities,
the
Federal
Treasury bills and $377,000,000
deposits-adjusted, and an increase of $102,000,000 in deposits credited to domestic banks.
Holdings of Treasury bills declined $286,000,000 in
the Chicago District and
$243,000,000 at all reporting
member banks, and increased somewhat in most of the
in
a
.
a
a
bills
Govt,
rect
a
b
S.
Notes
b
'
b
*
b
Yugoslavia, dinar
85,295,000
9,650,349,000
4,285,000
„
Bonds—
a
a
a
a
Switzerland, franc...
68,223,000
of
the
The condition statement of weekly reporting member
Govt,
a
a
b
b
;
S.
U.
Industrial advances—
?
a
■•■:•■•
a
a
a
•
a
f
a
■f
.
'
Sweden, kroua
a
a
■
b
•
a
b
•;.S
a
b
b
Spain, peseta
a
ut";-
a
a
b
.
a
Total
a
a
•'';'
a
a
a
by
Other bills discounted
4.035)00
a
a
1,064,000
'
of
banks in 101 leading cities shows the following principal
changes for the week ended Apr. 1: Decreases of $243,-
4.035)00
a
a
a
Netherlands, guilder.
* -Zy
a
a
a
■*•".
•
8,266,016,000
8,185,737,000
obligations, direct and
guaranteed
fS
$
:
9,563^0,000
returns
banks
week ended with the close of business
Apr. 9,1941
8,196,234,000
v
U'
the
member
discounted:
Secured
i
4.035000
a
;:fv «
.lira....
a
,
4,035000
a
: :
a
a
a
vl
tary. pengo;..^
a
;
..
a
Gr ece, drachma
a
iy.
a
.
Germany, reicliHmark
;+;
■:
4.035000
a
business
R.
Total reserves-.—.-..-.
Bills
a
4.035000
4.035000
4.035000
a
specting
Federal
of
Apr. 1,1942
$
,
•'
$
*
S. Treasury
_•
a
.•"/ a
r..
4.035000
a
a
a
.
a
4.035000
'
:
$
a
,vi a
the
of
close
;
Apr. 9
.
a
...
Engl'd, pound sterl'g
i. '■
U.
Notes-'-
%
a
8
"
a
Denmark, krone.....
y
$
a
a
•
Czechoslov'ia, koruna
»
condition
tother cash-.-—-i—72,688,000
Europs—
+
Belgium, belga....i.
hu
York
Apr. 8,1942
from
Redemption fund
-
r
the
New
Assets—
Value in United States Money
A7,T±2
■
shows
of
♦Gold certificates
<
Monetary Unit
'
Bank
the corresponding date last year.
RE3ERVE
Noon Buying Bate for Cable Transfers in New York
..
the following will be found the comments of the
Board of Governors of the Federal Reserve System re¬
\pril 8, 1942, in comparison with the previous week and
~
FEDERAL
due
.
following
Reserve
BANK TO TREASURY UNDER TARIFF ACT OF 1930.
\
Member Bank Condition Statement
In
of New York
Tariff Act of
/.
1473
Jan.
1,
1933,
on
and sub on;
''.-Albany RR., 4'/2s, April, 1943
x.
Friday
were
1 1/32%,
as
against 1 1/32%
on
Friday
of last week, and 1 1/32—1 1/16& for three months'
Co'., 5MiS, 1943, coupon
1933* and sub. on: and $5,000 Boston &
Deposit
against 1 /32—1 1/16% on Friday
Money on call at London on Friday was
as
$50 lot
of
last
bills,
week.
,,,
'
•»'.>*
COMMERCIAL & FINANCIAL CHRONICLE
> THE
1474
Monday^April 13;: 1942 *
Weekly Return of the Board of Governors of lhe Federal Reserve System
"vCOMBINED;'
LIABILITIES
OF
25,1942;. .Mar..18,-1942/
-•11
Mar.
Apr. 1, 1942
•
■
Assets——
c
cash
—:
Sec.
advances
'--.j
; -.Yt
20,801,908
-13.023
.
20,493,913
,
-
4•v:
343.708
•
tW
j'i «338,557
'ptMf
5.368M'
,"V: 9^1 •>
^
7,396
:•);
f.
,8,744
O
.
?
s"
:x;.
v
.
692^590
2,184,199
2,196,462
.
,
—
;■
*
,
'
;•
20,855.835 "x
!
»
V
20,835 834 '
5,420-
'
«
5,165
x
v.—: V„
919
!
;'4
.
.
j
•
8,554 v- X
rr
■
20,848,95T
''•>■;&*
.
V
,
Y
; ;693,500
,
v
KV
:
X
:
^2^248,986
.
22,858
"
3,881-
8,634
*:
8,686
,V
~y-;?
-
notes in actual circulation—,——
Federal Reserve
*
'
-1
A
;
.
.
,
-
"
23,487^89
,
1,052,232
40,627
.
.
48,326
2,253,236
i
2,268,261!
•|.
-
"XxVY'27,737x-
,.
>V--'
.24,188,188
.
i
•
'
Foreign
deposits
Total
Deferred
——
|
deposits,
.
;■■-*
—-—
13,655,535
;
:
ti
>
•
Capital Accounts— XX
•
x :)
2,274,866
j
'
2,276,883 :
.
:
-
i
.47
:
capital accounts—
Total
•'51.114
X
124,264,194
-
•
-
-i-u-;——
'
•
362,308
747.947
,.
'474,776
14.212.632
23,116,180
mi
j,
■••••
|
bills
days
%
»
industrial
____
'
*
*
91.0%
91.2%
y
'
<554,517
•
4,700
6,097
'
•
58
2,751
71
12
,
Y' Y
,83
•
;x
v
..
59
j
——
■
Xj-■«"Yi
VCX 2,854
;
61
i&5
v-x
V
.
-
i; 263,522 Vx
626,097 X;
;•
;; 625,385
I
12,905,279
14,572,726
x
;
*j '
318.516
V 680,744
628.823
Y
,
14,533.362
1,028,672
.
Y
3,082
;
861.625
•YYY3.42L
r.
........
23,907,661
•x
4
.■!
24,038,196
24,042.580 Y.
■
!
r
23,820,572
r,;'--
.
....
......
j-'.
143,115
i
143,085
t
157,502
J
143,056
157,502
'
157,502
!
26,781:
26.781
46,996
•'124,264,194
24,721,260
6,090 -V
V
26,781
143,040
157,502
26,781
26.781
46,816.
47,095
24
24,282,055
•
90.9% r:
90.7%
j
13,374
13.546
;
1
6,014
5 337
412,859
1
.
"
'
46,889
1
■
24,416 735
24,194,784
1
!
'
6,848
33
"•
•
„
...
*.18
lO
x'Y-
:-;3- 6a
•4vfi3a,
'9,050
Y
"■
»
•
;
.'14,921
*
.
t-Yv
90.7%Y-
v-'VW---
00.7%
14,987
602
582
industrial advances,—
187
130
528
Hi 888
90. days industrial advances.
4,587
8,080
'
4,676
7,396
x
8,744
,Y
>■':-'
"
91.0 %■
14,690
'
74
V
,
*
.
•
:
r
.
—
9.636 ••
-
.
....
8,607
'•
;
.
'
.
-
387
953
8,554
t
'.j /
2,495
256 '
"
4,724
V
3.092
361
3.881
8,634
-•••
1 178
153
!<•
;
•
205
.
392
5,430
S.429
■
r
8,553
8,499 s
.
407
343
i
:
*5,339
4.722
8,686
4,715
.x
•
3,144
318
967
274
Y'i;C. 163
;
2,399
373
-
'
4,670
156
-
;
2,225
372
483
i
2,199
1,015
v
'
176
14Q ••'
*'
150 x
x
270
;
^
5.763
?
.
V-Y-. I-
x
,:-vV 16
Y
84
146
:
:
2,463
52
,f
211
2,140
'
314
'
.30
.
..
v4
2,526
>
6,339
;
:
367 A?
;
,
'
56
141
6,440
Y-X2;143
296
-
,
,
,
196
3,406
•
Y'Vx-
x
,-,.10
.-
„
100
*>-■103
•
2,171
'
200
•
!
28
•:
;
132^.
.'6,309
2,461
860
i
.
"
122
4,966
•
•
6,157 <
11..
-
-
68
•
76
3,558
advances.
8,422,164
13,057,722 X X
I.
798,429
••
Y
Vx:
•
649.887
14,473,831 X
,14,391,932
,
W 927,713".x V
.1,054,688
;C .-.-■f 3.340 ,f •Yv'iS:'
:3,739 .
,
8.438,100
-X i
504,342,
,
I
,,
';.r
;
12.521,173
,
J.
47,454
xxV 14,254
31-60 days industrial advances
8.877
•
■
direct and guaranteed—
securities,
—
•;
—_—.
V
———:
31-60 days
——
61-90 days
—
A.
*"';l
-t
„
}•
v.n.",
}»
,,,
157,502
i
<;-•> 90.9%,,.;, '
14,364
14,043
..
x
—
24 416,735
:]
143,193
!
y
•'
91.0%' Y
;
477
1-15 days
48 456
24,194;784
,
'
—*
;
24,261,128
24,188,188
23,487,389
7
117
16-30 days
-I
j-
V
47,670
-
Y5--V
859
U. S. Govt,
7,592
23,889,264
s-
143,223
•
3,697
•
—
...
445
:<•;•.
,Y " " Xr-: 40,718
8,505,938
,
.
.
•
x
26,781
48,047
:
8,446
.
discounted
Total industrial
>T;-
-j:
V
286,848.,
715,809
i r,/'.
.
:
v."'-";
|14,345,372 i
■if
938,914
'•
.I .,..15.7,502
26,781
13,522
:
advances,—.
\*-'H
157,502
days industrial advances
Over
40,719
48,829
V'.:
i
■
I
47,981
47,484
90.9%
>
bills,
61-90 days
573 026
i
,24,346,084 %ly
.
143.283
26,781
:■
24,i8i,ii6;';;
•
.
days industrial advances,,,.
16-30
.;743,729 |
i
v:^»32ft 4v!,
>-
'
Total
1-15
938,444
'
J
bills discounted
days
90
Over
V
|
vX ..
H' ''-J: 1,413,512
143,328
•
V
days bills discounted——„__—
61-90
985,008
.-
-157,502
•
47,975:-
i_l„
1-1# days bills discounted—————
,16-30 days bills discounted,,—
v
'
23,885,515
157,065
Y
.
26,781'
i_____L.——
47
1,170,713
24,412 659
.
12,834,758. xl
! ;
60,267
,)
..
'
.
€31,647
8,584 676
x:
..
x
xv
;741.539
*
V'4,197
26,785
157,502
Maturity Distribution of Bills & Short-Term Securities-
31-60
w,
'
•
v
;12,968,350
.58,859,
...
8,597,386
,)
12,939,328
v.
<3-V 14,371,378
14,351,047
rvY
139,875
143.389
'>
'
make
:
23,812,596
..
tY
726,755
4,227
4,752
8»555.87a.v V
472,497
.
1
939^867
•
"705,775
'
combined,—
to
2,254,624
> xY.ixV27,920
~
49,598
x
.
V
'j625,040" V
Y„.
.
606,242
;
.-23,805,469
——
5
Commitments
2,242,655
Y
V;Y:t 25,717
1,171,571
VtX:
'/
24,282,055
.
47
40,734
1
>
-
:12,526,755
.
•
16,208,730
4,317
,
.liabilities and capital accounts___l__—_—,
note liabiUties
,692,500
-
-
.
2,261,757 Y
:-;s-x ' X
.,,,.26.886 X
;
.
.40,669 V
x
55,744.
(■
_______
692,500
47
-
25,062 A'
1,052,446
40,699 j YX?V;.
'
X.!
24j721,260 V
9,545,262
v-;
Capital paid in,
_
(Section 7)—.—_——:
Surplus (Section 13b)—____—
8,877
1,550,155
2,250.060
-J
'xXiXy
'
Surplus
Ol^her
V Y
692,500
2,262,486
-T
-
•
■
V...X
■
12,496,135
.
"
1,265,753
••
.
.
.
812.666
-
14,256,334
"r
870,501
accrued dividends,^—------X,
liabilities—iX-i
-
3,092
8,553 ;,x
X, Y
,25.614
.
i
vv
42,058
x
v>24,261,128
8,655,870
6,196,923
■
'Total
715
;x
3,144.
-
627,760
.
_________—,
items——
Other liabilities including
2.377
•.
„
.1.1,557,560.
1,569,986
..
). YY,
1,017,994
r 40,706 X;
.
:
42,790
-"i
722,650
*
'
.w.
--
—•_—
availability
•
12,715,446
V190,478
'
Other
X
8,674,817
:
——
———
—
''}■■■■
,
.
"
bank—reserve
•
.
.2,262,486
X
v
:Y' 47
■
rVs; 1,500,833
40,686
43,957
" -
• Member
account
U. S. Treasurer—General account—;.
Deposits:
:4y.;:x
:;4" Vv -8.499
1,569,986
x
'
20,884.575
'
712
692,500
j,
-
VY'VVxV' 47.'* •
,
26,579
1,016,761,;,
39,963
*ik
'•
24,181,116
'
>
::
:
40,635
'
,
i
342.320
•
2,432
,X
'
570
5,763
692,500
t
,
i
i: i-r 2,263.980
47
-
•
12.737
352,419
;
-2,259,152
47
•744,711
44,611
-
1.
w
20,529,518
Y
13,019
•
20,868,953
3,311.4
598 V
.
V 6,339
'
,1 1,560 736:4-
?-*r;>.-1,556,486' &>-
,
,
2,244.236 V
,
«
-
8.607
692,500> ;•
.
2,262,030
.
47
.
20,594 -
994,459
v;;
——-X-
assets.
Total
;
25,807
,
——---
•
Liabilities—
20 503,515
V
vf
'
-r-r---5——
;
v"
?
6,440
-
.1,551,736
1.551,736-'
:-u:
■
2,244,236
(47
t-
—:
Feb. 11.1942
.
■
;
assets
Fe,b. 18,; 1942
Feb. 25, 1942
'
;
.
•
326
>^309
9,050
,
820,390
v
692,500
2,259,720
-i.--
foreign banks——
Federal Reserve notes of other banks,,„
Bank premises,,^
-•
6,114
s
1,529
1,363,890
:
2,243,236
direct And guaranteed
Uncollected "*' items,——'
1
4/20,845,899.'.
20,839,642 " Y<
7,521:
.4,966
- ■
1,-..v.
si!1,550,736
■t
bills and securities,—
-x4
13,429
.
•
Total
Mar. 4, 1942
$ "''Y'YY'Y x;'.x$ -vvVY
xvxxvx:
20,501,912
20,502,517 x
|20,513,911
lx-13-139j X 14,004,:. ■XX 13,004
X; 320,918
327,920
'.'•/x-V 333.301
.1
s
•••;.
-/V-:-,;;;,-:.'.9,636 7
—
from
Other
v
322,049,;
379
1,442-Wi
J 6,848
direct and guaranteed:
Total U. S. Govt, securities,
Due
.815,517
5,406
;;
——
■____—
U. S. Government securities,
.Notes-
;VX
;
11,; 1942;
M$r.
V
■
$ :>:* Y.Y-.
B
12,946
.
Y:
4,587
•
■
Industrial
>
"
20,482,911',- x
20,466,913
,
29,437,286
■/?:]:
discounted—
bills
J
<'4t>-V •' '•XY-'Y"
'W,
-
.
Total
4
/
■
discounted,:—
bills
Other
>
'
10,488
20,815,837
xxXf :.'fxt.Y> ... YxXx
■! ..
by U. S. Govt, obligations, direct and guaranteed-
Bills discounted:
20, I U,2S l
r;:
"
327,908
J-VV1!
Total
k.-:
x
14.Q18
,—-~r—
r_
,'s
*
'
20,473,011
U. S; Treasury
notes.^-J^L^-f-------r
Redemption fund—Federal Reserve
•Other
My-
.
"f".•-
;
■
hand and due from
tGold certificates on
$
.-.''I:
BUSINESS APRIL "jB;^ 1942
OF
•
,
',).v
:•
THE*'CLOSE
RESERVE-BANKS 'ATv
FEDERAL
THE
Apr, 9,1941
Apr. 8, 1942
(000) Omitted
Three Ciphers
AN^I
RESOURCES
-
90
Over
days
——
—
—
Reserve Notes—
"
2,244~236
.
-J
Vv 2,248~986 /
2,244~236
....
•
2.262*486
2,253236
/
2,184,109
'
2,244,236
2,244,236
2,248,986
i
2.253.236
2,262,486 V;
,
9,107.904
6,486,643
-433,587
289,720
•
.
9,061,480
;
9,023,343
r
:
--405,610
—
-'
Yfv- Y' Y.
;
V
9,014,445
457,572
:
eligible
.1
j
.
j.
:
£"Other
59.00
Of
385,433
cents
Jan.
on
31,
2,242,655
8,860,234
8,556,873 XX
9,194,500
9,124,500
8,535
'5,859
include -Federal
Reserve notes.
.
8,812,972
8.505,938
8,438,100
8.422.164
9,107,000
9,044,000
8,992,000
'8,952.000
.
v
'
5^777-
;
9,239,535
6,585,775
9,185,277
9,200,359
r;
v
•
3,309
2,692
2,717
9,047,309
8,994,692
8.954,717
5,264
5,905
•
••
i."
9,112,264
9,130,405
lor the gold taken qver IromtheReservebankswhenthe dollar was devalued from 100 cents
fThesei are certificates givenxby (the UnitedStates Treasury
!
390.808
J422,134
Y;
'
appropriated as profit J?y the Treasury under provisions of the Gold Reserve Act
XX x xxXx Vv /VYx. fx X
the difference, the difference itself having been
1934, these certificates being worth less to the extent of
■>>::>>;>>;>>>*
8.886,489
8,584,676
8.597,386
9,179,500
4,775
■
Y
380.551
>
"
6,479
9,248,479 '
bash" does nut
1934.
2,242,655
2,250,060 Y
2,262,486
8,970,109 V
9,000,690
403,304
8,545,263
8,655,870
6,581,090
9,242,000
—
collateral
Total
to
_:
paper
2.250,060
: 1
•
9,231,000
6,196,923
8,674,317
———
x-
-
•
held by agent as sec. for notes issued to bank—
Gold ctfs. on hand and due from U. S. Treasury
Y-
478,080
.
Collat.
By
2.262~486
y
I
2,243,236
by Fed. Res. Agent.
circulation.;
actual
y
;-
i
Federal Reserve Bank.—iX—:
In
2vi8T,iuo
'
.
-
Issued to Federal Reserve Bank
Held by
T
guaranteed,
Total U. S. Govt, securities direct and
Federal
2,243^236
f.
>V.,>fx.X.
Weekly Relurn of fhe Member Banks of the Federal Reserve System
'
giying the principal items of resources and liabilities of *
obtained;Thesevfigures. arje always a week behind those for the Reserve banks,
Following is the weekly statement issued by the Board of Governors of the Federal Reserve System,
the reporting
member banks in 101 leading cities from which^ weekly returns are
themselves
ASSETS
LIABILITIES
AND
-.ViX''
' X :;x„-■
BANKS IN
MEMBER
REPORTING
WEEKLY
OF
101
tin Millions of
y
ASSETS—
Philadelphia
-New York x
Boston
Total
Dollars^.
Cleveland
.
'V . LEADING
CITIES
BY DISTRICTS,
i
.
'
1942
1,
St. Louis
•Chicago
Atlanta
Richmond
APRIL
*
V
-
Kans.
Minneapolis
x v
City
Dallas
San Fran.
~
'
'
v
S
$•
X
'
;,>X
''
XX;':.'X.
"
Loans
investments—total
and
Loans—total
_
..
1,561
Y.,x
V13,496
'
815
«
___
....
30,494
4,301
j..
• 1,415
V,;v
f
-557
.
industrial
Opeja market paper
Loans
to
and
agricultural'loans
_
__
brokers and
.....
dealers
_
estate
in securities—
408
to
Other
; f
407
__
-
' X'
V 14
295
'
notes
xI.
United
States
I—Y
with
Reserve
Cash
in
Federal
'
Reserve
Y
9,671
551
Other
domestic
500
865
693
•
21..
.
X;j
14 x
v-
Y/:
3|vx,x;
12
-:
X
105
' *
X, YV
1% L
23
31
61
10
4
885
340
1,564
' vIxY-'V
117
99
184
/N160 Y-
.
.,.-.,428
-Y
••
;-Y:<Y
57
Y:
213
X-X/ 102;,.
'
;
'
-.
•
:x
,
xX
."X
44
88
377
70
1,530
11,510
1,271
1,886
721
216
1,057
184
699
;.X;X XX / 199
X:
48
74
x
Y
230
■x
:
151.
ri
37
>;.
42
67
156
-•
921
38
X,Yyx?8X;/.xvj
154
X
/
.
580
15
14
30
280
350
XXX
X-.'Y.X
y
,
294
116
X
22
X
41
8
14
555
.
305
68
251
Y;X
.»
XX -
188
229
,
•
240
1,491
222.x-
'187
Y.;,:x
33
102
204
2
62
'
20
X
65
40
17
383
120
114
vv
36
22
Y
9
12
10
83
:
'28
604
28
-
17
—
150
59
513
4
33-YYY-
:
1
278
.
347
XX.
:;#/XX:
15
-
v
.
95
74
261
295'
.
.
110
7i
:YY
VY
v
1,150
x-
3
'
■
42
.
1,478
.,59;
".
256
2,634
>
359
x";:3xx
16!'
fx
;
,x,
> ;>x
31
1
66
'
668
•
xx.X
24
325
280
Y-
,
455
;
6
;
33
216
,X:X
185,
V,
.X
159
472
92
X,«_.
■
161
33
.
$
295
.
•,
XfXx xxV 3
XV 59
X
—V'X'X.
123
X ..xx
4,193
260
146
•XY
31
83
,
266
4
9:
•
36
1,
22
•
VY-y 145 Xv; X
6-
XyV
53
210
::'x,.Y 8
<0
8
X'
49,
.
5,069
assets—net_L___—
v-:,xx
983 XX
446
276
1,418
226:
77-
,
Xy.xx>_xxx-x:x;,
banks
955
.
•'
Balances' with
4,170.
206
,Y
474
,
840,
"404
170 Y x
182
1,616,
x^.;
x
$
479
,
banks—
vault^
•
48
131
Xv—ixix-Xixx—.ii-'.
$
55
bonds-
secu/ities____x
$
26
__
Obligations guaranteed by United States GovernmentOther
-
16
-
„
S
1,531
42
____
.•;.x
xYx 26
32
291-
XYYY39XYX :?x.
Treasury
<
27
144
n_'.
i-V
X:
bills
X:
191
.
1
__
-
34
189
Xx XX
76
loans
Treasury
*
342
X,,
425
40
92
XYY>;12:Y';
loans
banks
Loans
-
y
...
Other loans for purchasing or carrying securities
Real'
X
306
2,956
116
_
$
'
452
7,003
..
931
X-
881
•
'
Commercial,
2,434
-
$
$
S
$
Xx
XV 14
"X
19
32
,
254
,
LIABILITIES—
Demand
Time
United
deposits—adjusted
deposits
States
Inter-bank
Domestic
—
...
._
...
_
_
.
_____
Government
depositswi,
i"
/
'
-
.•
j'r.'.'vx..'
335
banks
;xx,
Foreign banks___^.
3,342 Xx/
: X
20;
'
_x_—L_.
Borrowings
Xx'.X; 75:.x;.X y-. 51.
40
-.955
29
vV"
___r.
deposits:
.
:i'.:
7
Y' V
940
64
X
x
.
X', ;
XX
V
512
.
382
x
Capital accounts
258
24
liabilities
•
—
252...
•X
1,667
W:sv
'
106
-
658
y
134
X: YJ-'
•
628
1,501
.130
:
1,08$
,•
36
13
/ • ; 49 XX
48
v
V:
160
.
^
2
196
472
10
•...x
x; 24
.x: 397
•
XX
V 48
//-v.|V;! 102
18
HOO
-
x'.'X 6 >
*>29
435
.fx.
101,
X
490
f
1
'Xx/
4
XXx:
14
218
352
•1
1,644
X/416
.xV ;-'VxX
<•
1
,
•
Other
366
,
Xy'YX
1
'
635 xxxv
183
2,934
189
j.'-
415
x
577
X
1
'.
571,
X:
':>.;x
■
65
;
:
-—
7.
302
—
r
*
-1 :
20
,
.
3
l/Xi'X
112
,
...y.
379
-
5 'X
»3
'
''
350
395
'
Volume 155' ANumber 4063
>THE.-COMMERCIALS FINANCIAL CHRONICLE
•
1475
—
;
Weekly Sfatemenibf Resources am) Liabilities of the ! 2 Federal Reserve Banks af (ttose of'Business April 8,11942
+
Three Ciphers
Omitted
(000)
»
.
:Total-
► ■
NearTork.Pbfladelphi»
^ --A,1'.!
^sM$y
Gold certificates
■'•'+■ "j ;-i-'/'• V
Atlanta
t
Chicago
v Bt. Louis
i
*'
-
,
;/:-^/FedeiralReserve Bank of—1
'J
ASSETS
■;
■
:■
Cleveland
%!/|%
$
Richmond
$%/■,%%$
$ /
A
j V'H' /v *
*
.'
•//'
Treasury'—.
20,473,911
l,190,407;gt 8,11^676.^1,181,725 %:-1,573,573
805,682 f 584,259
(
3,472,299 £ 629,471
^Redemptioni^uhdT-^e^eral'Reserve^otes^^^-r^^-r^-^''*":i 14,dj.;8.:.v--. .963...:...:;
.715 ,V :v T',506- %>%./ 455 v//;:/-1,596.■
393
pother-cash
%
L*
—4.LJL.
^327,908
.<,28,546 j
" >72,688 .<
22,313 , N .29,273 - r 15,449 /; 18,4^7
^
58,965 > ,17,550
on
Total reserves-
•
—
—
Bills discounted:
*
,
i
,
.1,205,001
>' "
,
_
)
'
>
'
,
822,637 "'
1,603,561
J
*
603,151
3,532,360.
.
5,756
Secured ty U.S. "Govt.-obligations, dfrecfc and guaranteed—! ;
5>4Q6,%: iftX255 / •/% 4,285 >' ? *,
630
'Mother-bills;'^Sgoount«dl^'iC:i--i^——'•?>'= IT.442/••I:>•,
•.•/•• /• 1&50 V*
'5vV.7 T?-!
.Total bills discounted.
6,848
Industrial advances/-/;-.
9,636
255
366,256
h
^
$4^.™
.<■-
■■
'
■
Due from foreign banks—
••(>'•"<■
*'
1
145
4,.761^?!^i-lil02:,^
5,079
177'
,
v
H 'L
726 '
50-
%
449
.* 10
1
352
'
30
63
574
1
6
n
70
>
;
30
88
•
230
110f
.43,058
I
1/170,903;%
1/—IXlJ-
Items-——-—
'
■
994,459 •.'' /
%;
673 XX :y--
44,6ii
„I—
.
C-
193,755(
76,115
,iu
86,524
•
48,069
67,189
61,319
133,807
21,467
33,990
30,002
27,383
59,753
—
227,2^0'^: ■
-
3,140
98,534
•
280,279:
110,105
69,536
97,19t
88,702
99,128
•
140,204
/
280,681!
110,111
70,111
97,324
89,020 -•
x
4
2
%/■%# ,2
2,039
3,101
3,394
84,746
/' 44,817
■■'
73,373
•
i■
109,278
•
4,834
3,506
10,452
v
J 139,478
L\
227,967
-
1,736
3,174 '•
.vll,800 r'
••
i
/
•
.
-
3,052.
.4,411
/,
1,844
•
41,419
33,738
1,331
2,855
1,120
1,410 /
1,872
1,722
.
f ■%'488,i25;
9,036-,077 ;
•'
2,627
"
2,144
5,105
1,981
>
65,287v
2,747
g
4,269 v
,•
"
1,952,234
1,056,730
822,570
1,471,410"""1
'
4
'
'
1°
24,181,116
-
193,700
1
-4 o o
.
;
44,663
"
-
1
1,914
23,297
2,602
2,957"
1,968
2388
4,974.
3,120 ;
158,071'
; '
See t.
667
...
•
'
•
'
1
6,
.
-
193,560
-
j../-
.
%! Total assets
pi.d:
■
■
'V
88,550' • •
;/%: 2,764
40,635
•«182,895
5
P,
* '•
25,807
_
...
——
X
227,739.
177,186
-
597,676,/
:%■,
I
•
\
•
2,259,720*:.
ii—.——
Other assets_-L—L—//
169,887 ;%/ 591,0S'9
}
>2,243,236
-—iLX-ll'X':
L—
;
,68,1161
30,418 1
' 96,420
70,305
_j
Federal Reserve notes of other banks—
Bank premises
-"157,434
J
direct and guarahteed-2
Total bills and Securities--—.
Uncollected
' ~
——
53
51
'
,V
•*#
>■<■,
iecurlties,
Total U. S.'(Govt,
%
'
i\/. ..%'%• r
/\i'l.55^736•-122,488
692,500'
52,445. f V ^ 18^'457§r ; 54,698
,-i
i
j
1,657,702
direct and guaranteed-
.;t Not€S—_—_
w!
32,579
400,987
568,639
.51
630
5,535
r
!■
2,825
,
13,673
fc
„
U. S. Government securities,
;:•
•
,,,,
647,414
SO
*
■> :
424
.»•
*
•
1,622,298'
j
;/
,
%
»; */.%
'
12,679
'
-
■
Francisco
*
386,890
554
w,;?
••
'
20,815,837^:1^
-
;
,
/V//'%]■/'
■>'
'V?
•■
555,406
.,..275
,
.
V^-'
'
Baa
'■
Dallas
1
360,225'
,
v
,
—
v
;•
City
$
hand and due from U. S.
■•/%■%•■
Kansas
■
Minneapolis
.
454,516
316,287
1,802,107
463,057
348,905
1,907,419
754,304
3,982,300
%
808,916
463,072
714,024
527,288
1,926,336
220,734
282,433
143,542
768,987
'
V
LIABILITIES
'
*
Federal Reserve notes in actual circulation—
Deposits:.
v
"
'%
Meidber ^ank reserve
accountL—-_J
v
other deposits
^
—
x,
6251371 Vi 5,606^116
-
—
610,947
-
%
%%^ 12,290/ :/
">
69,302
'
898,341
i
1
liabilities, Including accrued dividends--'-—.;
Other
Total liabilities.—Jj.
*—1—\
.."■%"
-f.-r
!
870^01 -
*
;
-
172,151
351,779
7,183
1,412
17,636
16,316
5,510
9,684
31,763
25,266
88,071
21,657
15,882
%; 20,935
20,935
25,738
5,886
3,399
<2,760
8,901
8,586
"6,428
12,015
384,733
1,999,662
412,041
212,935
384,652
39,258
131,314
4,3jl7
4,274
■
....
"
:
8,914
•
?
'994,767
65,990
"65,990
99,665
^190;918 " ^
i;462,687"r*
^
»
997,601
405
r
54,891,
.
'
I
518,047
456; -,„v■1,117%.
<
"
308.559
;;■'? 4,973
66,414
i.
-
505,679 ■'
8,906,818
3!6
' 316
/
%
1,436,879
"
■
^
-
1,917,438
-
370.
,436;
\
1,040,479
•
*
...
.
24,796'
1,077,693
341,193
;
*
79,914
.
23,805,469
'
- 82,778
363,847
i
43,553.
.
19,488
546
228
•
740,526
3,933,629
•
fry
140
453,310
>
51,531^
'
153
797,023
30,778
'
"
'
138
35,314
;
*
/
,i
341,291
/
,
1 759,626
Deferred availability Items
■f
/
I
9,no ;
;
722,6B0//%/24,Ji37 ^^ 282.997
627^60.
>.
672,300.
.;
1^86,302
;' >
^
-
,.j
.
iu—-190,478,% 27;673'
Foreign——.
'
12,7l5i4'46'
—;
U. S. Treasurer—General account————
'
s.%
689;582 '■■%% 2,221-^321 %
8,674,317
f
^ 702,539
173
•
244
515,686
f
1,898,455
'
"•
V
-
CAPITAL ACCOUNTS
#
.
i
,
.r
In—---^-4-—
Capital paid
.
-
-
'
y X-XXXi&i
.
"
'■
"
143,389
%%% 52,256 i%
'
*
"
T 14,788 *
11,833
5,768
4,949
5,236
5,725
4,465'
'3,043 /*
4,966
.
15,871
4,652
•;
4,428
11,924
3,613 %
.
3,976
10,792
1,000
1,137
.....
1,263
2,121
2,567^
2,083
""
Surplus (Section 7)
>•/'..
—r—
"
10,949%
157,502
%
56,651
15,171 "
14,346
r
„
22,925
5
,
/
-
3,152
;
"
"
I
Surplus (Section 13-b)—!^.-
-
2,874
7,070
2,503
26,781
—
13,282
/
4,393
"
Other
capital accounts.
.47,975%%
'
•
1,007
3,244
2,003
""
3,134
2,391
r"-^. i
A
1
!j_
Total liabilities and Capital accounts
advances—L——
Commitments to maKe industrial
i
•"Other
cash"
does not
i
' -:1,488,425rX V9,036;o77 ^;- 1,471,410 --1,952,234-. .1,056-,730
24,181,116
;Z
^
notes,
t Less
ciJ
I;//4:-47642f3.;«»%
13,522
—
Include
Federal Reserve
1—
;
1,192
—
than
1,087
—
530
1,429
;
-•
4,655
"
713
••
1
;••••' 8,446
/< 754,304
-1,406
.—
1
3,982,300
11,560
; 2,058
;
.
:
1,932
•
808,916
t
' 463,072
1,773
7
r,935
>/
-
3,044
527,288
/ 714,024
.
1,926,336.
1,500
2,047 •:
r-
$500.
i—
Federal Reserve Note Sfafemenf
Three Ciphers
(000J Omitted
Federal Reserve Agent
Kansas
.
Total
at—
£ Boston*
*v*
/H-New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Ban,
Dallas
City
Francisco
~r~
Federal Reserve notes:
-r-
Issued to Federal Reserve Bank by
Held
•
by Federal Reserve Bank———
certificates
Gold
on
Eligible paper
t
433,587"
*
,
8,674,317
—
band and due
froni U/S.
t
•
.
-W..-8
493,518
24,394
37,113
39,002
610,947
-
822,570
454,516
»,
740,000 •% 2,34(1,OCMl/
;.%/";255'i-;J -•■•V .5,535
9,242,000
-'6,479
—-
,
j.^40,255 J02,345,535
England Sfalement
v
20,271
55,194
:17,826
-
316,287
'
-
-
640,000
630
865,000
---
curities
also
£4,374,277.
Government
525,000
340,000
640,630
f.
865,000
^340,000 /. 1,880,000
525,000
vious.
reserves
The bank rate
In the
following
we
was
unchanged at 2%.
/
/;/
.
BANK
-
OF
ENGLAND'S
April 8^
'
.
Bank
of
1
"
--
.
Circulation
Pub.
rV
1940
1941
/ %'■•-•£ -'
763,926,000 618,718',000
deposits
Other deps.
I
£ '
'
7,994,000
.
■
Manuf.
&
Trust
Trust
22,880,190
accounts
55,554.690
172.443,000
127,972,838
Other
secur.
28,186,579
59,226,273
Discts.
and
advances
Securities
*
:22,040,033
137,224,068
108,666,164
1
„
,\%/\
V
-
19,313,178 122,480,950,, 21,521,642
,
Reserve notes
%.-
and
coin
12,563,000
.41,800,331
Coin & bullion
568,732
1,281,525 / 1,218,085
Proportion of
'l
./• X:-.-'-"'*',
■Xf res. to liabs. /../• 8.3% /./.v 6.8%
22.0%
Bank rate_J
2%
.?.v. 2%
,1/ ;* 2%
Gold per fine oz.
168s.
168s.
168s.
37,534,564
24.00%
v->-
2.%
148s.6d.
-
Bank
v
19.00%.,
>.%;
84s.ll»/2d.
166,000
295,059
854,000
WEEKLY REPORTING MEMBER
RESERVE
CITIES
922,046,000
.
10,000,000
110,047,700"
762,531.000
601,000
Treasury
54,257,700
734,962,000
6,117,000
Treasury
4.000.000
4,595,800
82,132,000
1,266,000
100,270,000
-143,312,800
113,415,218,000
4,390,400
58,846,000
4,015,000
se.Sei.SOO'^l.iag/OO.OOO
65,458,000
%
Guaranty^&
v
Trust Co. C——I ?
25,963,000
500,000
r
17,256,000
2,079;000
:
' 10,451,400 '
158,433,000
28,574,700'
Trust Co.i^__— % 7,0d0,000
Nat. ?Bank
/-and Trust'Co.-i
1
1
484,270,000
/ 9,153,200
/
\
s
*
V 518,661,200
X:.;
''
31, 1942.
,
•
\
date).
11 (Mar.
739
548
81
96
291
% 344
V
11
.
'%
24
11
■
.
30
.
27
55
i
165
103
27
453
,'.
'
341
:
!
259
23
30
A.
394
•■
:!r
'54
51
112
•%•■•■
318
,,
1,462
1,359
133
bonds—
3,844
3,845
3,173
•
78
353
1,467
20
,;v^ww
■
78
notes—i—
55
23
...
—1
75
111
136
945
948
364
128
'
827
guar,
"1,470
•
1,467
110
1,580
1,474
396
1,477
Other
6,325
99
126
"393
406
1,133
•
1,106
936
26
;
78
73
84
.28
27
194
120
275
/ 240
308
...
307
332
,
.
domestic
—4——•
assets,
4,8711
105
in vault
banks
'
net——
886,000
51,767,000
71.4,393,000
State, Mar.
^
bl*
1942;
.
31), $26,520,000.
262
41
:/ 41 /
43
i
Liabilities—
Includes deposits in foreign branches: ,!"it$277,223,000 (latest available
date)..; +$58,414,000 (latest available date).
i(April.9), $2,539,000.
available
722
23
bills—-
10,637
deposits
U.
Govt,
S.
i-
2,119
758
459
■%:
deposits—
Foreign banks
10,994
705
i
Inter-bank deposits:
Domestic banksj
Borrowings
10,612
703
Demand; depos.—adj—
Times
^•
§$106,543,000Mlatest
777
•2,084
448
Balances with
f
;
117,735,000
iflicial.reportst National.- Mar, 3li 1942;
pej
trust companies, Mar.
932
1,484
2,772;000
34,037,000
\.;
991,287,600 16,013,990,000
915
■
146,639,000
{
7,000,000 % 11,177,000 r
2,636
2,855
3,225
•2,793
4,7.75
;
;
.
2,608.
11,132
103
securities
.*
■
/
'
U.
Other
1941
"
Midland
&
145
Res. with Fed. Res. bks.
Cash
1,107,500
April 9
1942
pur.
by the
S." Government—4
Obligat.
33,680,000
-
6,000,000
for
banks
United States
-»'
.
April 1
1942
...
loans
Other
50,000,000
Co.
Com..Nat.;Bank'
'/■
to
Loans
"
April 8
1941
3,895
•
80
on carrying seesReal estate loans
20,560,300
•
Bank—
Trust
''Totals
loans
Other
80,760,000
.
-
Chicago
April 9
1942
332::
,
84.434,000
383,257,000
April 1
2,787
iv
dealers
15,000,000.
-
3,918
Open market paper.-Loans to brokers and
111,942,000
§1,155,507,000
'
City
12,524 (12,402
total
Commercial, indust. &
agricultural loans_
i".//ti'-'X,
77,645,900
-y
."Trust Coi
5,000,000
N. Y. Trust
Co.—12,500,000
;r.
Loans,
9,661,000
"
April 8
1942
34,952,000
189,470,900 12,053,534,000
42,167,100
803,481,000-
—r-New York
1
150,808,000
-
25,000,000
d
643,734.0ff0
t2,688,772,000
29,982,548
2^7,237,655 327,231,023
854,000"
(In Millions of Dollars)
Loans and invest., total
13,195,000
59,369,700
.
21,000,000
Co.
Marine
'
19,900.000
:
IN CENTRAL
t
-
> • r
^
Public
9,598;404
19,647,762
'■
Bankers
^
5,543,509;;■ .6,276,487, ^
-
Fifth Avenue Bank
35,995,652
116,136,164
27,798,129% 29,246,166
28,024,459
'
.
6,146.546:'-.39,913,095
40,936,259
.42,593,055
53,304,796
Trust
■Title
190,650,716 163,387,261 166,508,113.138,582,435 139,946,990
secur.
•
17,738,715 .; 17,731,488
account's '135,09,6,026 110,082,465 123,915,058 ' 97,646,176 103,951,338
other'*;;• /• •/IX%■'.:v,;
%k%'
Govt,
;
..
i
Continental Bank &
•
.
41,891,200
Co
Chase Nat.
;
?
Irving Trust Co.—
1938
255,937,000
95,946,500
.
90,000,000
Co.
First Nat. Bank—
/
%
.v,
20,000,000
'
Co
Exch.
$
27,658,500
77,500,000
Cent. Hanover Bank
f."
$
:14,539,000
20,000.000
Co.:—
Guaranty Trust Co.
k
$
6,000,000
—„
rc Trust
■ £
-'J £%
£%;
539,417",754 489,753,101 497,248,475.
,18,720,000
166,000
Chicago-rBrokers'Loans
Time
Deposit!
Averagh
Man¬
Co.
National City Bank
Chemical Bank & "'
Corn
1939
Y._/—
the
Profits
$
t
Bank of N.
' ^
STATEMENT
*Capltal
r.
April.9». /April 10*Aprill2,.. AprilJL3,^
1942
•
COMPARATIVE
295,000
227,000
ASSETS AND LIABILITIES OF
in full
Net Demand
Deposits
Average
:
"Surplus and
rOUndivided
'
Members
Trust
.
227,000
59
BANKS
Clearing House
present a comparison of the dif¬
ferent items for several' years.
afternoon is given
X:X:t
se¬
pre¬
768,987
;
....
%%'*
.to liabilities dropped to
the week
370,000
'370,000
weekly statement issued by the New York City.
hattan
week ago and 11.7%
a
143,542
•
Returns of Member Banks in New York
Statement of members of the New York Clearing House Association
at close of business
Thursday, April 9, 1942:
£1,231,926 iii securities.
proportion - of
16,567
282,433
"
gained by £19,365,000 and other securities
from 11.5%
!
'
below;
£3,159,185. The latter amount is the sum of the de¬
creases of £1,927,259 in discounts and advances and of
8.3%
1)880,000:
"T-
Clearing House oil' Friday
fell off
The
220,734
-
and
The
*
341,291
160,109
10,827
uv
•
o^5,-
dropped a total of £5,117,000.
There was a decrease in
public deposits during that week !of £11,661,000, while
other deposits rose £23,197,600.
-This lasb amount is
the sum of the increases in bankers accounts of £18,823,323 and in other accounts of
% :;1,80?,107.
^ > #
■■
293,260
4,991
:
<
r w--
225,725
"
Weekly Return of the New York City
gain in notes in circulation
a
•H
v
359,117
statement for the Bank of England for the week
121,000, bringing the total up to its'highest in the b%k's
history.
Gold holdings increased £4,884, so that reserves
i- *
1,857,301
••
f
9,248,479
*£nded April 8, shows
m • tr*
336,558
r
Total collateral-—
ank of
«
ji\
.
Treasury)/-.
—!
$
—
859,683
"
22,682 %;//llO,310
689,582 *,7 2,221,321
security for notes issued to bank:
'
.
^i33^^i/£v.---%;G35;341;
-
:
Tn actual circulation
Collateral held by agent as
,
$
-.-
Federal Reserve Agent-
•;:■
832
•'(
""
3,260
—
566:
—•
——I—
907
18
;
1,675
291
-
1,937
459
502
..
302
103
.
■
*
.
...
3,836
3,255
576
■—
:■ :>'•!-
~
583
■
%•;-
-•■-—
1,146
/
%:
% 9
1,270
-
v
9
,
,1.071
:%%
7
—
"
Other; "liabilities—"—
250
251
284
24
1,542
1,541
1,510
284
23
17
284
266
'
Capital accounts
_
•14:6
V
•
ends
Preliminary figures compiled by us,
based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended today,
Saturday, April 11, clearings from all, cities of the United
States from which it is possible to obtain weekly clear¬
a
estimated.
we
last
and
ended
the week follows:
'4.1.,
Clearings—Returns by Telegraph
Week Ending
334,377,045
Philadelphia
442,000,000
Boston
220,998,941
109,030,270
98,800,000
City
'
Louis
i
Francisco
San
'
/
138,000,000
-
Pittsburgh
121,824,473
.'83,613,520
i
.
•
Baltimore
+
+
•'»
••.•
'"'.v.
v-'V")?»,•¥..»'•
$3,829,016,835
$4,261,191,863
days
five
cities,
'.Eleven
'
'
cities,
Other
days—
five
16.8/
day——
1,066,194,665
Total all cities for week
$6,397,167,893
one
+
21.2
Chicago
St. Louis
Minneapolis
"
'
Description
.-:
-
—■
i
■■
41,593,000
34,518,000
—
$ U9,343;384-
i.
—
•
properties on the
March
+ 4
..
y-?.M
v
;
The
45,731,788
of the clearings for
York-
New
$
S
$
1
1
—
Atlanta
1
I
t
1
»
1
15,538 15,636
1,615
1,777
Chicago
981
1,673
480
,
907
721
570
■
-
r
904
730
627 a >
521
Fran—
Baltimore-
414
344
251
271
414
332
City
622
459
394
•v-
740
577
435
V
397
»
419
325
294
:
.'> 278
222
969
746
238
205
202
'72
Kans.
Minn'polisNew
Orl's_
Detroit
—
Louisville
-
Omaha
Providence-
:
New
1,133
2,054
1,662
2,048
1,875
1,187
.,
2,882
988
265
/616
*547
1,428
1,187
595
472
"
132
133
561
421
385
375
60
49
46
201
171
145
103
96
150
97
84
240
214
164
Memphis
156
130
i
92
364
299
285
645
511
442
109
470
368
337
>
125
510
419
375
80
349
284
253
616
508
78
478
394
276
-------
-
Louis
—
-
477
-
Francisco**—
-11
-
19
—-
Total
411
194
+
1,613,379,358
852
607
60
280
216
53
48
190
167
86,474
75,696
67,880
•
"...
3 Months
' '/ /
4,576,396,359
2,460
10,800
8,902
7,712
'
7,021
•
3,125
2,643
all 33,437 30,428
26,070 27,460
97,274
84,598
75,592
The
.
'
3,676,981,852
.6,276,508,090
5,025,988,371
-2,324,696,620
2,945,200,309
9,396,7i.4,605
,
'
- -
'
:
-
:
i
1.89^733^48 ^
j
,
12,180 11,449
51,293
41,665
35,830
•
.
add
our
" V.
,,..
97,274,151,077.
+ 20.5 ^
-
+24.8
.
+20.9
425,3*/■-
Bi
^
-:•:•
1942
'
^
^4
'
February
' ^'
March
658
.
'
010,123'
each city for the month
Holyoke
1941
Dec, c/o
■
"y-r
%.
.
29,01^468,197 | 1
:
+15.1
.
!
30.427i690.530
,
.
1,285,504,294
"
.
■
5,446,453,861*:
4,936,049,111
4,142,422,036 ;
^ 3,600,886,554
._.1,912,297,420^&, ' ■ !; 1,674,587,305
2,376,027,285 l,
2,129,039,316
^ 6,619,221,923 ';
5,721,001,168
' ^ 1,902,891,416 ,
1,738,244,192
1941
1942
•
$
-
$
1942
Dec. cJo
X 4.306,665.8987,
+
"
^
*
Haven
9,753,998
8,044,628
28,599,337
1,319,658,087
1,142,471,594 ?
+ 15.5
3,915,653,476
3,268,096,760
3,453,858 '
22.4
12,490,645
6,044,315
9,886,775
5,169,769
5,326,296
9,621,313
44,233,751
30,510,554
166,578,143
62,883,670
21,537,300
170,733,900
6,894,949
1,729,147
3,565,965
Waterbury
L—Providence
H.—Manchester
cities)
6,806,600
72,050,100
2,134,779
1,544,873,751
+
+ 14.0
+
1,845,515
63,493,463
i
3,252,073
15,067,714
6.8
+
9.7
i
+
4.6
10,350,963;
+
7.9
52,477,798
24,312,888
+ 21.0
+ 19.3
20,371,361
7,399,000
v
3,825,793,115
„
....
'
—^T^learings Outside New York
a
^
17,721,239.974
14,327,368,153..
+23.7
C
15.452,159,925 - , 12,545,574+66
.+ 23.2
V..^7.89M75.557 "V-; 14.701.4i3.387-' • ; + 21.0
r
+. 9.9
—-Week ended Apr. 4
Dec. %
60,305,600
2,221,282
1,332,646,004
l
—
8.0
+ 19.5
—
3.9
+ 15.9
5,739,900
7,643,756
48,681,608
34,702,233
189,936,717
74,447,855
20,890,700
200,817,700
7,300,172
4,576,396,359'
3,838,117,145
21.2
998,636
3,734,759
19.8
313,432,981
2,401,444
295,454,465
+ 26.3
783,233
805,686
~4~70~752
+
>16.9
7.8
~3~50~224
—20.6
1,022,596
10.1
13.7
+
14.0
+
18.4
—
:
13,564,509
5,382,683
2,688,021
15,806,796
6,227,440
3.0
+17.6
13,561,000
5.9
605,481
14/799.800
718,660
+ 19.2
360,302,580
345,037,828
+
643,061
55.5
2,147,178
1,894,424
+
6.1
201,213,664
—
2.8
230,169,246
689,129
—~2~5~6
412,539
447:854
4,081,030
+
4,160,884
2,705,594
873,372
+
820,578
+
+
1939
$.
+ 30.9
763,156
+ 47.9
+
1940
Inc. or
1941
$
+
42,293,284
1,970,133
Worcester
75,591,942,11(8, 74,992,605,154
..^35,830,160,530 •> - ^-32,143,069,934
week ended April 4 for four years.
______
Inc. or
+ 19.1
15,767,930
11,166,803
—
Conn.—Hartford
(14
27,459,974,767
- 4-19.5 .- - ^ • V
•' 25,157,150,270
.
-
—
,
.
of March and for the
+ 60.9
2,589,684
9,11Q,415
1,970,399
Springfield
Total
v
-Jan. 1 to Mar. 31-
4,228,954
*
-
R.
1.072,845,333
■
3Months
1939,
3,394,486,949 ^,.--.3,174,984.677,
41,257,807,415...^- '' . 44,224,241,184
3 Months
1940
months since Jan. 1, 1942 and X941.
All
19^1.
,
748723^
<
3,085,133
14,662,517
—
N.
-
- , +15.0
+ +23.1
4,683,445,477
-
'»MONTHLY CLEARINGS
_
28 9 9 129 231
- 3
g", j
clearings by
Clearings, Total
•-■;■
-Month of March
1942
84,598,223,276
.
New
•
:>- - + 29.4i ^ rM.1,358,406,442 j-n^^;l,177,902,984
.2,511,872,000 . , +30.8 - r ^: 2,239,739,609 ::
2,109,555,40^
1,842,777,191 i Jc +25.9; •, , , 1,652,278,300 , . ? 1,489,590,030
3,753,565,369 ;
+ 28.7;, j-y-:' 3,291,909,460 ^ y 3,016,523,229
i :
;
SiMMeMOl
32 cities
following compilation covers the
detailed statement showing the figures for
*
•
Bedford
4
: 1,463,289,448
.
3,281,646,455
1
2.319,741,754 :
!
4,831,646,053 gj J
:: '
-190Cities +
''
Month—
32,143
Me.—Bangor
New
' ;
+25.8!.:.:.
2,319,105,113
2,905,317,728
-
-
^
' + 18.7
7,775,313,307
.
74,993
17,899 14,791
Clearhigs at—«
First Federal Reserve District—Boston—
W
:*»:
1,344,003,566
^'V;+19L2 J
3,838,117,145
44,521,800,313
r
7,448,888,323
"
Inc. or
•
'.
>520,727,587
1,123,889,296
v.'-w
734.460,933
-
12,180,425,608-—11,449,037,566
* Inc. or
Dec. %
,
1941! "; ;
*47,817,314,956
— :
,
V
426.162,793
-..
Federal Reserve districts for the three months for four
51,292,738,456 ^ f .841,665,279,985
Cansda
67,972
M^SS,T"»,°St0n
f®!1 River
466,108,517
26,069,750,545
+ 27.9
6,323,656,085
138
150
63
Portland
;>v
v
+ 21.0
175
153
163
a
—
567,608,228
9.9
30,427,690,530.
—18'" M' '''
^
Januarv
u.
+27.7
14,"791,413,387
1942
*
.
L
-
-
-;--.:..:+29.8-./^
633,115,403
1,347,347,921-
225
73
now
626,471,394
654,126,697,
-
-
355
52
We
2,050,187,049
30.7-v....+. ;+: '■?»: 761,430,731 it
882,996,575
2,063,159,919
"
463
222
\
751,758,503
2,231,356,638
+ 25.5
—
-
814,777,995
.
33,436,748,723
Outside
228
715
-
29,694 27,303 23,427 25,000
Total
•
2,802,012,759
——16
12thSan
298
63
Out. N.Y.C.
525,416,269
-
?
821,488,728
380
93
3,743
'
-
1,154,366.543
9
Richmond
11th Dallas
258
s.
16C
92
322
>
131'
128
123
Other cities
815,175,019
-
;
594,175,474
654,656.023
129
Indianapolis
Total
22.4
"
"
Atlanta
439
Richmond-
-
—18
-
-
10th Kansas City
508
2,020
728
143
C'y
+
-
"
726
793
r 112
L.
—-17
Philadelphia
Cleveland
.
—i6
846
2,704
180
Seattle—1
14
Minneapolis
911
155
*+"135
Salt
17.2
998,131,212
—14 cities
9th
1,202
181
164
Hartford
+
'
-v..
"
153
+ 178
2,801,836,086
3 Months
7
1,109
1,264,562,701
3,284.466,742
'
St
1,067
1,802,859,400
1,413,075,125"
+ 22.9
•"/<
*"
•
8th
1,152
16,474,755,847
1.856,488,059
1,046,494,278
"
1,296
14,381,614,298
+ 20.4
••'•
•
Chicago ——31
1,600
0.2
+ 15.5
•: ,:v-:
"
7tR
1,316-
;
Mar., 1939
1,141,007,753
-
701
2,080
1,760
..
in¬
Mar., 1940.
—
1,726,557,436 +
777
907
411
136
—
•
159
221
Denver
v
an
1,144,618,938
811,291,731
659,349,087——>
5th
831
with
+ 15.9
Inc. or Dec. %
+ 25.1
it
6th
1,727
479
Milwaukee-
Paul
\
—
4th
1,412
followed
'v..'
"
Mar., 1941
another table showing the clearings-by
'
York
3d •
4,687
1,055
-
191
/
Buffalo
St.
'
Boston
5,180
gain in the
the 29.8%
17.2%, Boston with 15.9% and Philadelphia with
15.5%.
1,800,297,369
——32 cities
,
2d
1,160
373
Cleveland—
-
<-:;i
1st
1,306
was
Francisco
San
District.
17,899,075,557
Federal Reserve Districts
<
3,268
408,638,243
1,285,668,871
City..
—
2,708
'
2,270,903,459
360,403,098
2,251,215,757
19
1939
'
Cincinnati
«•
•«
M CO
We append
5,970
1,453
PittsburghSan
a
2,705,425,005
16,179,858,118
16;
Canada
3,530
2,577
396
6.7
+
977,046,377
190 cities
42,850'
2,540
600
V.i 296
472
St.
210,779,570
5,327,357,246
2,599,331,859
:T.
Y.
N.
4,050
7,122
388
975
1,142
2,138
595
Phila.
231,979,527
16,139,913,250
.
•«
7
Louis
39,762
3,916
1,759,.. 1,713
1,320
2,482
Louis-
Boston
5,170
82,408,306
120.794.761
■4 60,155,174
72,055,309
6,326,990,745
2,251,554,867
16
.„
St.
42,933
4,492
45,981
13,889 16,011
1,286
1,365
—
12.8
1,332,646,064
««
to
1
Minneapolis
years:
S
$
t
136,407,501"
approach to this level
with
*
Chicago,
Outside
Jan. 1 in
subjoined
1940
1941
$
*
v.
$33,436,-
cities of the
1
1942 1
1939 '
1940
1941
1942
+ 126,384,653
v-
108,566,127
0.7
1,544,873,751
-
•
C':
M
18
-Jan. 1 to March 31-
-Month of March-
'omitted)
.'149,885,181
9.6.—
6.9
—
««
14
York
12th San Francisco
CITIES IN MARCH
CLEARINGS IN LEADING
BANK
•
-
444,335,703
of,27.7% and-Minneapolis with.253%; Cleveland
followed very close with 25.1%.
The Atlanta Federal
Reserve District showed an improvement of 22.9%, St.
Louis of 22.4% and Richmond of 20.4%.
The remaining
three districts were also credited with gains, Chicago
Mar.. 1942
•!;
V'. "• '••.
14 cities
Richmond
•
v
est
.
City registered an increase of 30.7%; the near¬
Total
of bank clearings at leading
course
149.637.760
J
<
+ 13.1
442,296,713
11th Dallas
63,618,847
country for the month of March and since
each of the last four years is -shown in the
statement:'
:
"
'
' '
-
127,809.524
■
•
v
+21.6
.
3,311,437,875
13,873,323
24,563,174
32,406,179
29,507,254
Quarter
i, ist
13,470,755
16,270,368
+
-
'277,326,292
500,138,447
10th Kansas City
——
■
-
>
337,245,350
-aggregate of clearings having been
1942
8th
1939
8,969,195
10,124,024
-
265,838,698
•154,428,334
1.2
+ 21.1
„
3,533,511,291
Cleveland
7th
.rNo. Shares No. Shares No. Shares No. Shares
12,993,665
13.312,960 15,990.665 25,182,350
7,925,761'
8,587,828
+
-79,757,241"
>
-,
-----
v
Month Of January—
February
j
343,679,814
303,412,120
510,858,440
-
155,006.751
89,934,264
;
For that month there was an in-v
for the entire-body of clearing houses of 9.9%,
9th
'1940
1941
)V
'
3,158,131,222
••».
469,963,273
176,201,102
...:...+
7,437,833,204
•
1942
1939
$237,402,061
-
3,740,540,405
r
+ 10.9
118,481,743
—32 cities
New
5th
indicated in the following:..
-
-
1940
$272,693,426
+ -9.4--
:
183;939,172..<
6.926,851,137
Philadelphia
4th
Tifew York Stock Exchange for the first three months of
1939 to 1942 is
V
r
187,782,384
""F
10 ;-M M
Boston
6th
The volume of transactions in share
with
Dec.
J7.0
■••' +
631,653,511 '
'
$569,016,000
$641,366,800
$263,054,800*$214,382,000
Total bonds—
or
—12.1
219,505,270" r
City
Y.
2d
6,348,000
2,961,300
1,417,000
879,300
4 bonds
of.
year ago.
a
"+15.3 V
:
«•
'
■,-?
v,
.
V <
6
-
-
3d
13,792,000
12,984,000
bonds
tJ. S. government
—
690,935,354
0.2%, which was the only loss shown by any':, of the
Federal Reserve districts.
At the opposite extreme
1st
-
Inc.
243,344,368
201,567,334
Federal Reserve Districts
$521,075,000
govern't
year
crease
12
Railroad &misc.
Foreign
and Minneapolis
with 4.4%
,
:--+ -4.4
"
112 cities
Kansas
$603,887,500
a
Chicago followed closely
.
•
•
195,148,223
Dallas
of
$249,191,500 $199,173,000
•
388,098,108
197,584,593
v
We also furnish'today a summary
the
Bonds
bonds
J
748,723 and the 1941 aggregate $30,427,690,530.
In the
New York Reserve District the totals showed a decrease
32,406,179
29,507,254
-
522,332,010
447,327,528
crease
i94i
■
1941
the month of March.
-t
10,124,024
8,587,828
shares
;4;;'
'•
week
—.—u
and 1941
1942
1941
1942
+
Stock, number of
:
'4,249,941,163
> 593,937,902
4
.
10
A.
Canada
Three Months
Month of March
-
$345,037,828
—
—
Total
follow:
'
increase from
3,529,151,988
-
18
Francisco
Outside N.
-
March and the three months of 1942
9.4%,-Boston
0.7%
7 .(M
Atlanta
12th San
improvement in
same
"
11th Dallas
the New York Stock Exchange
sults for
the
'
10th Kansas City
^
detailed statement of transactions
is appended. The re¬
Our usual monthly
-
on
with
,
,
—io
8th
covered by
in bur issue of next week.
will appear
10.9% and St. Louis of 9.6%
$360,302,580
'■
—6
—
9th
Complete and exact details for the week
the foregoing
Richmond
7th
+ 14.5
$5,588,629,366
All cities,
.
:
7
———
*
6th
+11.3*
l3!2
..^12
——„H0
Philadelphia
Cleveland
5th
31.0
+
$4,708,758,330
879,871,036
$5,330,973,328
days
Tot. all cities, five
.
15.3%
a
over
ago.r Dallas was next with a rise ~of~ 12:8%, Atlanta
1942
New York
2d
3d
>21.6 :
.879,741,495
1,009,781,465,
1
,,
,
12 cities
4th
4.4 *
"
:f
i
Boston
1st
+ 69.7
+
cleared
-
>
+ 16.1
;
4
Federal Reserve Districts
+►15.2
88,551,092
Cleveland had
checks
SUMMARXifOF. BANK CLEARINGS
>
v
' - > %s
,
.
Week Ended April
+ 10.6
of
following we furnish a summary by Federal Reserve districts,
In the
21.6 (•
+ 26.3
101,385,212 v f
92,961,369 V';v /
71,000,000 +
137,143,925
———
+
of 21.1%.
was
the
+ 60.7
-
•
0.4
—
•
118,796,000
'
Cleveland
%
85,000,000
» 150,273,371
,,
Detroit '••i.w—i—
,
$2,435,327,478
274,900,075' +
275,000,000
199,768,600
86,327,009
$2,425,130,318
Chicago
Kansas
,
1941
1942
April 11
New York
St.
-
.
,
de¬
decrease
a
Philadelphia, where there was a 12.1% loss.
The
in the San Francisco district where
was of21.6%.¥ At Kansas City the increase
volume
.
aggregate for the whole country having
amounted to $6,926,851,137 against $7,437,833,204 in the
same week of 1941.
Outside of this city there was an
increase of 6.7%, the bank clearings at this centre having
recorded a decrease of -6.7% .
We group the, eities~ac~
Our comparative summary for
Friday of 0.4%.
recorded^a
The other district to have
the increase
present further below we are able to give the final
complete results for the week previous—the week
April 4.
For that week there was a decrease of
6.9%,
city)
this
(including
-
best gain was made
ended
397,167,893 against $5,588,629,366 for the same week in
1941.
At this center there is a decrease for the week
Was
however,; which
detailed statement;
District
of 17.0%'r
crease
-/f
•
„
elaborate
the
In
Reserve
of the week in all cases has to be
the last day
above
%
>
cording to the Federal Reserve Districts in which they
are located and from this it appears that the New York
Accordingly, in the
today.
noon
r
Saturday figures will
and the
(Saturday)
today
not be available until
be 14.5% above those for the corresponding
year.
Our preliminary totals stands at $6,-
ings will
week
ago.
year
today, in as much as the week
We cannot furnish them
clearings this week show an increase compared
Bank
with
' Monday,'April 13; 1942
—
CLE ARINCS
B A N K
OP
T H ECO U R S E
\
'
THE COMMERCIAL & FINANCIAL CHRONICLE
'
.
+
+
717,945
838,120
3,732,911
2,377,790
1,4,288,479
6,162,859
3,561,141
2,089,501
11,087,415
3,851,667
"467^ 700
10,"412^500
24.6
2.0
:
0.7
—14.2
—13.6
"—¥.4
638,615
^
10
—15.7
654,278
724,099
4.4
272,693,426
237,402,061
+
X>: >;:/ ?;XX'V': ■■</'■">%<
:Volume 155
■'■■i7.#•;
Jamestown
./yv
Number-4063
;
•
',
-
-
,
•
3,196,361
3;687,793
15,636,277,143
40,043,208
24,602,877
4,424,184
21,304,579
1,765,889
86,844,854
117,701,335
—
York
15,537,673,166
Rochester
"_.:
27,548,912
Utica
v
_.
Conn.—Stamford
N.
1,668,572
N.
J.
95,384,432
135,482,608
,___
X 7X
'
76,629,897
+12.0
+ 4.2
+ 3.0'
•
.
3,199,682
ytr'A.
—
7.1
+12.0
X
8.0
5,438,758
+
vHi 12,891,475
■;7X>63,517,456
5,420,146
263,767,145
4,126,395,329
3,393,339,848
10,847,837
+
.
+
9.8
+
15.1
,+
3,114,(
2.7
404.047.463
358,259,210
16,139,913,250
16,1
0.2 ■;
—
i
9,969,081 X
a,—.—i—-
cities)'_
(14
-
5,389,557
295.732.462
5.5
•■.<'!',
Total
•:
14,633,900..
579,185
/'v.
1.2
—
9,402,562
-
i
—i—
■ -»
0.6
400,992
+ 12.1
21,576,264
+ 13.0
Xr
—i—i </
32,028,465
"•+
+ 4.8
4,792,897
—34.4
>9,378,309
,
..■,;XX 4,689,045
+12.2
433,010
21,377,111:
•
5,820,054
611,631
22,449,191
27,903,612
y
6.0
*.:.A
7.4
3,529,151,988
3.9
+
X'126'831
4,728,103
,398,312
.
.16,753,378
.
.
30,950,939
14.8
24,435,210
V
;.n;+a'+-
X
X
y
+
.10,740,948
....
:
6,532,570
—
3.0
—
3,056,453,787
3,$21,565,740
.
,"J
6.6
+
—17.8
11,185,379
-5,188,538
x+13.5
,
44,521,800,313
47,817,314,956
764,511
'
121,375,783
XX 70,936,851
67,679,340
«■•
'
X
■
+ 41.3
8,811,322
.12,032,828
♦
42,932,953,291
.
X7X7/X';X; VJXVX/X^+X:;.:;:.'
FINANCIAI/XHp)tpCLIXX§i7XXlXXX^
11,892,753 »' ■ X
v
•
45,981,412,621
*
135,960,630
4.9
+
12,450,510
•
■
;
"'
-
Oranges
'VVv
X
0.6'
-
-
":-
•
Newark
Northern
4,612,015
21,951,288
J.—Montclair
;
•'••'••• X' x XXX" <7 •■
"
Syracuse
•
42,014,536
_.
*'
'4-30.1
—14.4
■
—
New
■
.THE COMMERCIAL &
I\.'X
—
mm
—17.0
4,249,941,163
•<
•
'i
•'
-
-3,158,131,222
3,740,540,405
'
'■■'j
Third
I:'
Federal Reserve
District—Philadelphia—
Pa.—Altoona
•X
Chester
:
7X;lX
Lancaster
Lebanon
3,699,159
2,295,573
X"
-
Norristown
2,018,622
2,138,000,000
* :,= 6,779,308
10,607,463
4,924,438'XX XX 4,758,942
York
7,496,435
1,243,025
604,875
-599,802
'
.
Reading
2,482,000,000
5,351,262
12,141,199
:
Scranton
'
___
Pottsville
Du
Bois
Hazleton
N.
6;373,508
+
1,049,468
0.8
2,016,543
Federal
•"
+ 24.8
21.4
2.6
28,266,271 ■'
X-1.015,967
1,984,759
—23.2
1,496,338
1,114,805
5,034,200
3,440,200
—12.1
469,963,273
343,679,814
3,660,900^
-v.
*
+ 11.4
2,976,?
+f
3M33^12 <"S*
3,105,387
5.6
2,383,955
2,327,103
70,559,653
+ 14.8
58,704,050
56,743,203
."',+17.4
98,058,679
89,569,249
8.2
10,477,800
14,220,900
+ 11.0
+
92,134,679
74,326,043'-'
3,104,986"
'•'^j^658'X^:7+;14;3
2,406,834
8.3 '
•.
-
.
+ 25.8
8,621,205
+ 19.7
29,356,795
12,292,797
+ 41.3
2,540,082,327'
3,486,041
184,535,381
447,327,528
+ 23.7
'2,053,730,697'
'
3,768,988
8.1
2,954,578
2,855,275
158,966,164
16.1
129,117,499
101,759,463
388,098,108
+ 15.3
303,412,120
265,838,698
23,838,350
+ 23.1
30,884,952"
+ 33.4
"
+
3.9
35,471,392
26,591,347
+ 33.4
+
14.2
22,260,309
20,345,137
+
2,251,554,867
1,800,297,369
+25.1
6,323,656,085
5,025,988,371
3,341,516
+ 10.8
15,556,000
+ 42.0
I
v,
.
'
9.4
+25.8
District—Richmond—
\J,702,024
* '
•:
•
240,100,188
C.—Charleston
214,331,958
l
+
•
12.0
V—-7,415.226
13,992,592
+ 25.1
-
4l3i857,776
2,120,260
Frederick
+
+
'
•
944,546
904,034
158,090,277
Reserve
811,291,731
...
638,788
403,538
•
.
4,913,000
3,236,000
3,065,000
44,425,211
+ 22.9
..37,317,646
33,958,545
*1,650,000
+ 15.1
1,431,222
+15.4
+ 22.5
.,
1,239,547
_
>+11.1
*: + 43.5
+ 24.5
97,~925~337
104,923,055
6.7
.83,257,434
5,265,385
+ 29.6
463458,767
X 387,743,436
+ 19.4
36,183,433
38,3~3~2"923
5.6
28,547~244
27,098,953
2,802,012,759
2,324,696,620
+ 20.5
197,584,593
195,148,223
1.2
154,428,334
127.809,524
23.2
5,178,829
'294,745,192.
+ 26.7
24,659,021
•'"M,030,228,000'
•y •
19,237,044
+ 22.8
96,400,000
+ 81.8
2,479,877
1,453,107,482
^6,826,419
-
+ 15.4?.
977,046,377
.—;
136,984,556
4.5
6,020.000
54,612,532
1,898,745
v, ;
;
..
.
+ 20.4
;v
62,043,941
ii,
'
C.—Washington
;+
+ 39.4
+ 16.1
21,777,609.
34,240,681
17,715,871
1,186,644,664
.
•
-
23.7
.
38,057,120 X
25,423,414
"
+ 20.8
,
615,992,335
*
25,124,687^.:
■
25.9?'
1,714,524
521,132,361
Md.—Baltimore
•
'T. 714,918,726 ;:^
=
9,243,639
46,073,000
'
;
i-
64,228,000
•
1
+ 12.2
*
7,025,958 ;;
}
11,163,144;
;
+ 18.6
12,474,385
5,615,790
3,792,717
Columbia
Greenville
Federal
+
0.7
41,199,130
'
Sixth
1,805;005'
+ 14.7
,
8.5
—
-,
'
cities)
•-1,715,559
'
+ 26.5
2,760,147
10,779,400
J
+ 24.0
3,928,917
—
'
2,~553~699 '
37,929,203
18,858,952
720,774,568
22,090,000"
(9
+
'
"+
'
18,995,183
6,817,842
VaA^-Huntington
Total
3i£i-'j -v
135,525,305
13,048,400
6,236,846
Va.—Norfolk
v
1,342,857
1,999,952'
+ 30.8
+ 20.7
7,782,810
„
(ircities).
3,279,722
81,019,236
42,092,535
+
930,060
6,477,229
.1-.
D.
332,000,000
455,000,000
5.'566'?0.0,-
593,937,902
159,122,702 1
7,587,716
17,370,189
City
Va.-r-\
8.
1,018,463
+ 30.0
154,601,500
10,317,329
Erie
I"
—16.9
+ 28.0
-1,599,638,422'-
9,925,674
.
+ 27.3
.1,084,970 ;
906,871,448'
V- Richmond
1,315,661
522,332,010
5.9
<+
36,065,876
906,821,170
-
:
0.9
+
7,426,608
852,811
Reserve
2,249,066
1,524,837
+ 18.7
—11.5
13,651,139
1,177,056
Federal
1,620,722
+ 16.8
6.7
172,200,300
m*
■'
35,970,696
>_
40.5
+
'
2,503,229
6,572,739
Toledo
38,201,428
2,080,144,803't
28.2"
+
58,797,800
)
13,769,835
__
Pa.—Beaver. Co.
W.
—27.2
6.5
6,276,508,090
1,160,475,713'
.
+
11,523,704
Youngstown
Fifth
+
+
.+
■
69,311,766
-
7,448,988,523
2.5
+
13,535,149
-577ill9!744 *
3,038,063
1,160,924
Total
•
—11.8
1.8S4.732
2,525,893
1,092,673
..
576,000,000
1,372,995
17.3
7,950,790
•
..-wi"
4.3
+
-55,758,400^., ,,^4,367,900^,^
+15.5
'
61,190,800
Oil
.73,838,531
C+
1,719,642
1 R4fl R5»4
1,546,821"
1,999,
2,950,034
+ 24.0
3,450,437
.
8,483,357
10.5
zi—• )
2,251,215,757
739,645,383
Hamilton
Greensburg
Pittsburgh
5.1
+
413,965,971
-r-
Columbus
.
18,378,504
3,598,223
+
■
,17,327,rn^
'
13,867,880
Cincinnati
Newark
22,790,453
.
—:
.
District—Cleveland—
Reserve
Ohio—Canton
Cleveland.
17.6
+ 14.1
2,511,713
5087000,000
.
.12,837,764.•.
-
.
;
,
.
-
2,599,331,859
_
v
14,648,issX.vj-.u i
+
2,845,081
•'
■
cities)
•;- ;•
31,305,852
-
>475.000
304,604:
551.465,,,
450,398
„
'
■-
-+19.0
+.19.3 „.A
—20.7,
,
• +
8.6 5. ~.
■'
...
+ 18.4
32,211,020
.,-14,893,600.
Total—(17
Fourth
+
+
.20,624,291
.
,
X :j.
_s
8.9
+
-. -
439.608
kSv
2,221*796
i i
0.8
—
970j000;000
.
488,072
yyyyyy
542,885
—48.8;:
1,053,978
531,739
+18.3
XX
5,620,640
>
16,349,625
34,012,361
...
V- ;*
539,486s
7.5
^
y; y yA *f:
—27.9
606^894
7.4
-,,'+'
6,932,538
7,122,000,000-
X
1+
5,885,604
'
6,689,409
<
•
14.51'
3.5 :
2,991,131
J.-+-Trenton
7.6
+
-
xX +20.8
11,496,843
18,490,963
6,879,441
X> + 16.1
...—21.1-'
•
35,588,780
Del.—Wilmington
...
«-
437,550
31,528,033
21,872,825
3.7
+'• 7.7
— 0.1
Xt
2,454,438
:
6,325,583 r - ,' r
33,868,368 m-,y:
3.5
+
+
--
-2,171,689 XXX
--
--7"
fPhiSSa^IX^:
Readihr
•
—
7,288,192
.
2,450,766
Wilkes-Barre
•X'
teS
10,751,187
7,700,453
■
__
-
-
2,217,494
11,147,126
-1
Harrisburg
~
*
.'i,
6,607,423
5,971,138
13,886,076
—12.9 '
+ 18.6
2,234,173
[X
.X XX X.fXx
7'X 'X;
1,945,232
4,386,275
Bethlehem
'W
'
+
•D.:'
District—Atlanta—
.v..
Tenn.—Knoxville
'
"
29,170,002
...
:t77.-
Nashville
1
25,237,026
.
-
'
"
•
131,297.312
15.6
+
^,05,080,815
"+24.9
' '
Sa.—Atlanta
'440,700,000
'
'
!
12,747,370 1 3 *
I-.——
Augusta
+
~
88.1
+
•
6,777,034
"
17.2
*+
376,080,000 -
• :
'
:
;
'
87,346,738,;
•
373,312,109 y.
1,264,600,000
:
7.6
34,966,198 t>,
70,884,867
...
+
Columbus
7,059,650
7,595,522
"
5,362,156
:
"
X
3.4
4,077,117
7.5-
20^505,246
+18.3
64,800,000
—
22,934,854
+
■
:
81,500,000
A...
+ 71.6
.1,444,825
3,860,939
16,853,429
,i. 54,600,000
;
.
1,508,053
V,
>1,123,132
5'..
"
-
N'"
20,786,472--
+
2.9
19,574,416
+
4.9
1,512,788
1,430,701
+
5.7
963,245
970.756
382,007,309
+ 10.4
25,857,000
25,711,000
+
0.6
20,666,000
17,884,000
22,689,755
351,670,593.
+
+ 27.9
21,768,987
52.0
2,113,545
21,385,790"
•-
7,057,299
6,371,205
147,489,587
129,244,065
10,524,319
Fla.—Jacksonville
+10.8
'
;
y
20,722,600"
+14.1
7,177,039
-Macon
421,782,727 y.
:
;
"
Tampa
Ala.—Birmingham
--V—
''
.
123,676,141'
171,49p,828
v
k
'
6,155,490
!
.+38.7-
;
K
.
2,433,867
18.619,954
.
+
1.5
33,366,000
+
2,166,967
»
774,553
10.8-
—
33,562,684
26,243,311
44.0
3,439,114
2,263,127
27.4
1,285,668,871
Reserve
•
:
—
27,458,109
7
8,238,635-;':
6,736,678
2,405,9511
2.5
1.0
169,636
186,000
+ 28.7
50,085,419
•52,429,296
24.8
243,344,368
219,505,270
+
2,945,200,309
6,544,367
+
6,567,634
2,704,376,038
2,020,437,071
+
745,833,428
1
*
.*
•
•—
0.4
—
2.9
49,638,630.
5.6";
10,156,563
6,931,485
6,958,358
16,045,425
18,'526,038
3,297,805
"
—i
3,124,153
+
7,037,236
;; :■?."" +
-i—.
Indianapolis
i
!
11,071,068
^^4,411,544
Garyj
Bend
South
>•
(
——''
-
•
18,317,252
;
/
i-JL.
'
97,055,436
j
X
i 10,680,452
9,641,718
+13.4
;
Watertown
f y.y.
-695,562
;
-—
963,820
'543,426
+ 77.4
579,253
561,440
154,706,944
+ 36.0
99,904,380
83,831,452
5.1
Manitowoc
'
! la.—Cedar Rapids!
•
Des
•
Sioux
V
Ames
;
1;491,808
; ; 7,624,486
.63,072,889'
22,374,221
•
—-
Blooniington
-J
1
t-
1,991,824
t
Decatur
v
;r ; Rockford
_r:__
1.
Springfield
:
sterling
Total
X'-19,266,077
-
-
—
V
(31
cities)
2,118,124
+ 19.8
51,931,579
X
X
2,696,097
—21.4
-
-
+ 14.6
y:
299,078,040
.!
2i027,544
1,030,689
---
5,789,674
f
L 64,166,681
;
?
8.6
7.606,471
v
18,776,698 +
>
+"
.
+
7,598,896
+15.1
6,612,976
v'-X"
777,605
2.6
,
+
Z
k80l,838,086?
-
-
4.5
+
20.3
+17.2
s
+
:
"
25,269,,744
5,523,475 r
29,436,450
25,554,117-
v
+ 15.2
X;. * 2,430^791:
9,396,714^05
:
19,594,048
1,514,742
1,355,873
1,213,765
II.'12,466,882
10,024,550
5,366,952
4,969,375
'.+
1,629,871,
'
:+
381,682
7.1
3.0
379.196,398;
■-
-•■
556,043
378,233,276
4,332,963
4,172,101
+ 14.8
.
.—31.4
506,724
335,366
0.3
323,605,796
285,381,041
+
1,111,420
1,848,217
—39.9
4,698,138
5,021,303
—! 6,4;;
1,758,157
1,935,116
1,454,450
+ 15.9
19,039,062
:.?£ 2^144,915 y
7,775,313,307
1.1
12,788,911
•
->
1,632,515
—
+
7.1
1,025,661
—10.9
20.9?
4,133,265
1,167.160
1,416,925
!:.!
1,395,537
1,455,016
+ 13.3
+
1,069,740
'
4-^132.785
9.1
•
■y
22,958,134—-
,
14,630,018
19.9
22,016,585
20,399,833
1,581,097
^4,920,239
+ 30.7
53,40q,&87 ;-
.
2.3
+ 30.6
+ 15.1
>
16,658,405
tf 17,155,163
y y! 61,866,170-:
+
J+ 14.2
5,445,729
4,491,989».726
;
19,856,000
—.
+12.3
6,663,608
'
X
2,148,362^-.
+ 29.0
!
49,728,582
;
•
>+
2,788,732 S
5,169,535^752
+17.6
;
16,836,895
.
5,720,567
2.6
+ 32.0
,
132,332,434
!• '5,832,105
5,851,754
—
■
+ 15.9
1,577,735
•
=
•
r+ 17.5
4,433,503
~
3,130,749
X0
|+ 21.7
9,583,535
,
.
X! .! 22,155,000;.
-8.4
2,644,879
+19.8
.
j
-5,198,012
,
! 172,980,985
+10.0 5
>
:
tv 20,187,465
—
y
^
•
2,083.134
+25.9
;+19.3
20,772,021
•
6,109,697 %
+
n
78,113,006
,
;+
25,277,000
2,576,364 =
5.2
31,081,439
;;
23,145,000
+ 22.7
284,216,326
;
'
+!
6,912,342
3,284,466,742
26,421,093
12,102,897,
!
+ 36.4-
6,378,901
:
""• 8,742,933
940,297
-
"
*
5,255,984-
-
Peoria
•
1,614,859,95S >
'
i')
1,279,829
+ 15.1
9,132,621
|
;
363,960,826
+25.8
2,406,464
1,932,979
"
:
1,066,794
1,776,638,966
Chicago
2,386,478
+ 44.8
•
24,883,729.
;
X* +24.8
17,774,462.
.2,614,120
'
1
,i!
2,788,384*
+ 23.2
;y;
93,188,449,
+53.4-=
50,141,281
1,455,207
City" V-.i—
111.—Aurora
!
;v,
—
;
+24.P
h a;
6,108,695
Moines
X
v
> 2,288,942
;•
—
22,799,873
v
!
3,839,018
2.8
ClO,422,208
-
32,687,843
+30.0
?
: ) 560,613
.
•
i
33,006,559
31,664,294
+25.2
•
3,172,832^
4,124,605
'
•
•
348,799,624
+ 32.0-
1,709,344
2,140,861
Sheboygan
'
149,637,760
+ 17.7
8,779,027
>59,490,3J.9,X
+2»;1
•
"
(
176,201,102
210,391,260
'+
48,296,224
10,509,101
y
+ 26 .^
XX +'2.5 •
103;303,02T"
•
—
*;
•'
+15.1
;C:'
7,467,070
.
136,403,237
—i
*
+12.9
27,338.384
•
57.3
<;+ 26.2.
17.175,367 1
-31,007,203
■
;
—
1
+ 10.9
'
10,950,374
•
Milwaukee
Oshkosh
33,333,397
0.4
+'
17,426,890
:
12,843,7^0
3,080,049
'
•
152,764
39,605,887
"
o
X 9,004,297
123,007,455
l—v——
i
.<
19,76^,953.
;
..1———--.
Terre Haute
•ji Wis.—Madison
+
;
11,366,703
r.
;
J:
3,755,705
-
3.^6,145
} Bay City
i——
"ind.—Ft. Wayne-—
•
.. .
.,2
Muskegon
V
193,022
4.5
—
+ 33.9
—
'
Grand Rapids
Lansing
8.8
—
•
0.9
+ 29.9
2,067,934
968,925,812
-
Flint
T
1,599,448
..
+ 22.3
=
616,178,161
3,676,981,852
•
}
..19,259,895
.„
—
26.0
+
2,431,023
•
792,928,149::
+ 22.9
1,046,494,278 ;
j
?,086,344
—
Jackson
+
Distriet—Chicago—
-
Detroit
•
'
'
cities)
Arbor
38.5
+
+
j;?. 34,211,000
..
34,600,026
7.6
+ 25.3
222,146,908
278,450,777
'
Federal
,
•
38.3
+
8,354,183
.
715,578"
Orleans..
Seventh
+
31,747,002
.14,614,688
<-•
45,726,685
33.7
/
11,556,473
Meridian
Vicksburg
Mich.—Ann
31.7
•
11,296,000
Jack son——i.
(16
487,101,747 Xs;
+60.4
+
-
Total
.
•
4,603,429
10,591,263
>:..
'
La.—New
X
'
•
29,878,543
11,124,000
16,98*8,447
Mobile
Montgomery
Miss.—Hattiesburg
46.6
+
?■
690,935,354
631,653,511
+
9.4
510,858,440
i'.-a
•*—-'*
444,335,703
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 13, 1942
•Week ended-Apr. 4-
-Month of March-
Clearings
at—
^
^
V
•
Eighth Federal Reserve District—St. Louis
Mo.—St.
X-
Louis
;
Girardeau.
i
Cape
i
Independence
Ky.—Louisville
Tenn.—Memphis
.1
XX.'
-
j
1,811,878
'
93,700,000
109,600,000
80,600,000
2.9
+ 29.2
595,159,024
+
22.3
48,018,919
46,023,152
34,877,594
30,597,491
+ 21.5
30,159,415
27,596,020
20,539,587
14,574,162
*.1,045,081
+ 31.9
7,363,000
+ 32.6
;
::
;
+ 28.0
—
393,713,627
238
156
''
Quincy
Total
13,614,299
4
• •
;
III.—Jacksonville .W-.
:'i-
1,306,398,2(54
594
Vv;>
—-
i
„i
3
768,000
149,885,181
201,567,334
(7 cities)
183,939,172
2,833,679
2,830,458
2,423,413
75,971,450
77,878,567
69,502,371
52,826,302
32/755~^01
29,870~?76
29,~fli~404
21,262,429
2,686,150
2,341,886
Ninth Federal Reserve District—Minneapolis—
Minn.—Duluth
Rochester
:
St.
Paul
164,312,782
Falls
•
«.
D.—Aberdeen
X"X;*
J..+'
Montw—Billings
Falls
'Helena
...V
<
Xewistown
Total
10,947,719
+
13.7
9,847,897
283,239
725,301
2,488,384
108,566,127
82,408,306
965,133
+ 18.9
743,165
14,703,136
916,037
3,"14+067
998,809
+ 19.5
+ 13.8
119,343,384
118,481,743
467,546
1,352,306
X
161,532
125,429
776,2i
620,277
1,798,725
r
163,450
147,400
126,706
127.875
157,105
,
*
-145,937
13,526,95
12,250,068
34,423,588
3,202,182
3,198,576
3,483,119
2,802,673
201,845,61
152,875,391
421,319,932
44,288,440
32,940,128
30,536,118
28,868,775
*25,000,00
901,71
20,041,490
58,402,754
Lincoln
Omaha '
:
**
Kan.—Kansas City
Manhattan
Parsons
.-v—..
—
,
J—
Wichita
21,631,00
Joseph
Carthage
X...—,■
+.
*17,168, if
,
652,705
3,056,51
177,672,21
"2,920,81:
150,498,370
i
i.'m
XX
,
3,195,081
1,606,168
3,966,142
105,724,630
674,727
7,654,428
2,670,794
1,739,1?
-
127,94~7~298
2,432,456
36,439,878
*
2,398,163
2,733,769
7,826,367
-
718,8f
.
Wyoming—Casper
.
1,316,264,194
44,288,017
——
...—
42,112,312
14,481,106
49,582,Of
Springs
Denver
2,083,400
4,741,466
'•
>
459,270,190
«...
Colo.—Colorado
/
2,717,980
T-
Okla.—Tulsa
Pueblo
14,676,185
4,198,9'
621,749,7(
'_} *'
City; .........—X-—...
Bt.
2,368,718
9,634,If
29,951,837
-
Mo.—Joplin
Kansas
571,080
9,171,870
XX-
.
.
2,583,834
790,396
1,652,51
^
Topeka
.*/•' V-:-
:+17.2
41,969,476
•-
•
+ 29.1
.+ 45.4
2,311,955
591,61
Hastings
t'iS'
+ 34.7
+ 15.5
District—Kansas City-^
Reserve
Neb.—Fremont—*
■i
+ 15.5
525,416,269
'*
1
25.4'
10,736,801
3,319,483
cities)
Federal
27.8
+
21,149,910
3,965,469
■-
+
—23.8
2,578,000
787,600
17,946,278
302,111
.
v
..—.
(16
Tenth
- 862,703
-4,417,474
2.3
3,111,000
7,290,192
-
>
+ 31.9
33,379,047
3,826,802
-3.702,346
•:
+ 14.7
—
1,605,535
858,000
4,656,273
.:
4,537,519
514,000
-9,984,335
(*
;
Falls
Great
i»
1,087,510'
•
-
Sioux
'
1,073,000
-
Huron
•
11,725,207
1,465,000
Forks
Minot
■■
385,344
13,325,769
;
*
—
D.—Fargo
-
Grand
5,185,p36
367,658,301
1,726,536
X
...........
Fergus
N.
•
2,113,811
1,672,97£
.
—
Winona
911,089,422
325,059,050
1,825,717
135,437,293
v
-
.
36,438,665
13,021,545
14,222,523
-418,891,856
Minneapolis
419,409,051
V
63+762
9,389,404
4,569,447
■
'
,
Total(18 cities)
Federal Reserve
Eleventh
District—Dallas-
Beaumont
;
.i—.—
Dallas
El
Paso
Worth
Ft.
:
Galveston
'';. Houston
Port
1
Texarkana
Arthur
■
——.
Falls
Wichita
■
»
-
X
(11
6,827,632
2,584,000
3
19
-
72,055,309
cities)
Francisco—
Twelfth Federal Reserve District—San
,
55,T3+906
4,
-
—
La.—Shreveport
Total
•
p
.
——X——.-I—...
2,550,253
10,
6,
376,
32,
43,
11,
X *.' 309,
i2,
Texas—Austin
;
h154,366,54
|
......a.—...
882,996,575
Wash.—Belllngham ...i.-.,——2,739,783
Seattle X.X...^.—------Xi-....
321,866,169
Yakima
,<■
-
Ida.—Boise
1
'Ore.—Eugene
!
Portland
'
.
City i
Ariz.—Phoenix
Calif.—Bakersfleld
v
1
*
Pasadena
Riverside
Ban
Jose
4,132,954
.903,948,818
13,225,175
5,796,696
.
Francisco
Ban
-
_____
X.,
Barbara
Santa
Btockton
—
<19 cities)
Total
Grand total
(190 cities)
Outside New York___—
—
■X 3,49+752
15,288,794
X
.
•| 5,745,889
4,324,867
—
X
f.
i':
<.
Modesto
v
X
* /
-—1——
-
Berkley
Long Beach
•
3,592,730
93,425,236
30,759,522
-0,839,893
12,425,071
28,483,593
1;
\XX
Lake
Salt
(5,119,071
7,022,501
.2,565,000
257,148,367
_
-
—
Utah—Ogden
1
-
*■
183,T22"l76
3,469,072
1,16+296
a
11,853,196
2,253,203
1,347,347,921
30,427,690,530
14,791,413,387
CANADIAN
CLEARINGS
FOR MARCH, SINCE JANUARY 1, AND
FOR WEEK ENDING APRIL 2
——Week Ended Apr. 2
-Month of March-
1941
Canada-
N"r
Inc.
$ >'
135,927,300
Toronto
X+13.0
116,710,61b
Montreal
«
+ 32.6
XX
+ 11.21
: •
21,053,665V- X + 18.6 XX73,391,708 IX,—18.3
> ,
5,086,955 * V /?+ 13.2
3.706,591 f'- 'X - + 12.2
39,909,774
Winnipeg
.Vancouver
Ottawa
Quebec
~*
or
Dec. %
V
_—
.
.
Halifax
7.827.599
+14.8
Hamilton
6,395,746
:X .X —"4.5
,Calgary,
1,886,756 'XX
X+32'.6'iX;,,
1,956,811
i-;1.3X
St.
John
.
Victoria
:
'
4,772,626
Edmonton
1,473,755 FX.
Saskatoon
574,855 ;v';r:
Jaw
Brantford
Westminster
Hat
Peterborough
Bherbrooke
—
___
__—
Kitchener
Windsor
Albert
—
'2.7 "
+
1.4
+11.5
+
+15.9
,< —
.
Mon^.ton
-
Kingston
Chatham
—
Sarnia
-
»
Budbury
Total
(32
cities)
...
1.1
1,207,752 -X X — 8.1
888,205
— 3.6
265,581'
.'+18.6
717,522
+25.4
863,562
; +19.1
1,700,133
—20.3
'•
3,048,798 *1+33.9
'*•■
389,756
+26.9
891,461 , :
+32.6 V X
650,393 I
X' + 12.1
-•
710,464
;
1+ 1.8
X
439,715 f;-: : ; +22.6
XX 985,081 >V
+ 14.3
X;
1.145.600
'Fort William
Medicine
r1'
557,038
Lethbridge
Prince
,
364,780
Brandon
46;2.Xtfe
+'¥l'.4" ;■*■
+
4,154,159.
"Regina
New
v
2,641,951 X; fX' + 16.3
'
London
Moose
+-
.
603,977
Volume 155 r^Number 4063
THE COMMERCIAL & FINANCIAL CHRONICLE
*
1479
-VhY'
Stock and Bond Sales
AI
j
and
Transactions
!
!
"
l
NOTICE—-Cash
deferred
the
at
'
-
.
T
,
delivery sales
are
disregarded
In
«»
New Torki Stock
Exchange
LTfeK^irS WEEKLY:sVEftRL#XY'.!YYYSYjXXY;':-Y;
-
,
'
'
-
'
;
:
*
.
the day's range, unless they, are the only transactions of the day.
No
X -Y;k
J Y;::
Y.
-
YY:
-
'
.
account Is taken of such sales In computing the range for' the year.
New; York Stock Exchange
Daily, Weekly and Yearly
Stocks,
i
Week Ended
Railroad
■*;
Number of
A April 10. 1042
„
United. States
and Miscell
Shares,
Bonds,
Voreion
Government
Bonds
Hands
.
Saturday
Monday...
Tuesday
§4,486,100
...
9,629,200
9,934,100
*»
Wednesday
8,600,000
Thursday..
8,991.000
Friday.....
6,820,500
i
Total.,..
Week Ended A pril 10
New York Stock
j.
J
Exchange
:
Stocks—No. of shares.
'
■
Yi
Bonds
tJ. 8. GoverhmeDt.'.l
Foreign...........'.
Railroad & industrial.
2Hs, 1967-72
'
-.La
CI
Total sales in $1,000 units.
Transactions
New York Curb
the
at
Exchange
Daily, Weekly and Yearly
Bonds (Bar Value)
Stoclcs
Wgrek Ended
t
■t
2 Ms,
(Number
1952-55..
{Low. j
'
April 10. 1942
Foreign
Domestic
Shares)
(Close:
Foreign
j
Government
Total sales in $1,000 units...
Corporate
■
!'
Saturday..
Monday...
Tuesday
j ''
...
s,
[High
•
{Low.
(Close
'V,;
.
Total sales in $1,000 units...
Wednesday
Thursday..
Friday
'
2Ms. 1954-56
(High
{Low. i
-
.
2s, 1947
',
,
(.Close
■
,
Total sales In 51,000 units
.
New York Curb
Exchange
(High
{Low.
•
2s, March 1948-59
'
'Close
•
•
Total sales in $1,000 units...
359,030
*5,725,238
7,486,167
$3,805,000*
$5.229.0.10
$53,471,030
$78,713,003
73.000'
104,030
14.000
-49,030
1,045,039
358,030
616,030
908,000
$3,832,030
$5,382,003
320,448
Stocks—No. of snures.
1
Bonds
f-.
| Total....-.L..... d'?■
*
(High
•
Domestic.
Foreign government...
Foreign corporate.....
volume of trading for April
Official
1
>■*,•
$54,874,030 .■■.*
2s, Dec. 1948-59..
(Close
Total sales in $1,003 units...
II:]•-l-r
$80,237,033
(High
{Low.
2s, 1949-51
Stocks, 70,615; bonds, $810,0031
was:
{Low.
(dose
■April 2 was:
Stocks, 72.305; bonds. $780,000.
Tiie official volume for tne week
ended April 3 should have read:
Stocks, 279,980; bonds, $3,420,000.
Total sales in $1,000 units...
(High
Stock and
Below
are
the
Bond
daily closing
stocks and bonds listed
on
2s, 1951-55
Averages
averages
(Close
Total sales in $1,000 units...
of representative
(High
the New York Stock Exchange
(High
{Low.
2s, 1953-55
(Close
compiled by Dow, Jones & Co.:
as
{Low.
-
..v.f,
.{Low.
(Close
.
.
Total sales in $1,000 units...
Bonds
Federal Farm Mortgage
(High
3Ms, 1944-64
10
{Low.
10
(Close
Total
10
First
Second
Indus¬
Rail¬
65
Indus¬
Grade
Grade
40
High
trials
roads
Stocks
trials
Rails
Rails
Bonds
Low.
20
Total
Total sales in $1,030 units...
•
Close
'■!
(High
......{Low.
(Close
3s, 1944-49
Total sales in $1,000 units...
Home Owners' Loan
?• v Total sales in
$1,009 units.
High
3s, series A, 1944-52.
Low.
Close
High
Low.
Close
2Ms, 1942-44
NEW YORK BOND RECORD
Lo
(cr
;Y'Y
High
Total sales in $1,009 units.
Low.
Close
Week's
Friday
BONDS
N. Y, STOCK
'
last
EXCHANGE
10
Week Ended April
Range or
Range
Friday's
Sale
Price
Bid
&
Since
Asked
High
Jan. 1
Low.
.
U. S. Government
Close
*
Odd-lot sales.
-t Deferred delivery sale,
J Casli sale.
low
Treasury 4'49..
.Treasury 4s
1947-1952
1944-1954
High
114.14116.2 J
108.6 103.267
Treasury 3M8-.
1946-1956
109.26110.8
(Treasury 3^s„.
Treasury 3 Mb
1943-1947
103.26104
1943-1945
104.3
104.20
105.3
105.20
—
Note—The
(High
bonds!.
{Low.
(Close
above
table
includes
only
Transactions in registered bonds
'
.
;
sale
of
copuon
were:
?'
No sales.
4
'X'Y.
j
Treasury 3M8-'.
105.9
1944-1946'
♦105
Treasury 3Msi.
1946-1049
*108.10 108.19
107.28108.14
•Treasury 3 Ms j.
1949-1952
*110.25 110.31
109.14110.22.
Treasury 3s...'
1946-1948
*107.31108.8
107.15108
(Treasury 3s._:
1951-1955
110.19
'
i
110:20
109.5 110.26
NEW YORK STOCK RECORD
i
Treasury
Treasury
Treasury
Treasury
•Treasury
2MS2Ms.'.
2Ms j.
2 Ms.;,
2MB-.
i
-1955-1960.
107.29110.15
i-.
h
■
'
..
;
•
1945-1947
105.28106.9
1948-1951
•lor. 16107.16
%
195D1954
107.2
1956H959
108.15109.16
.4'.(V;WWCAND
HIGH SALE PRICES
j
.
108.28
Treasury 2M8..
Monday
.
April 6
-.
J-.; Tuesday-
Wednesday
,1 April 7r
April 8
Thursday
•
.
■
April 9>
Friday
April 10
.
{.
Range for Previous
Year (1941)
Lowest
105.18105.25
Treasury
$ per share
108.16110.11
$ per share
Abbott Laboratories J--No par
105.24106.23
2Mb.,.
Shares
)
4%
preferred
Abraham & Strauh
'Treasury 2MsJ.
Treasury 2 Ms I,
Treasury 2Ms..
Treasury 2 Ms.
Treasury 2MS-.
Treasury 2Ms..
■.Treasury 2Ms«.
1950-1952
106
107.2
1952-1954
103.6
104.5
1956-1958
102.18103.11
1967-1972
100
1951-1953
103.14105
\
10.)
No par
Acme Steel Co
25
Adams
Express....
Adams-Mllii3 Corp
"101.17
Address-Muitigr
•
32
Mar
46*
Mar 12
No par
19
Jan 21
10
10
Mar 27
Corp
100.24101.17
1954-1956
103.27105.10
Alaska Juneau Gold Mln._.10
Albany & Susq RR Co
100
Allegheny Corp
No par
5 4% pf A with J30 war. 100
.
54% Pf A without
For feotnotes see page 148)
war.
100
$2.50 prior conv pref.No par
Treasury 2s
For footnotes see page 1488
5
6
.1952-1955
Treasury 2s
Treasury 2s....
Mar 24
Apr
lowest
$ per share
3734 Mar 11
104
No par
Air Reduction Inc.....No par
Ala & Vlcksburg Ry Co...100
Treasury 2S..2,
Treasury 2s
Treasury 2s
Highest
I.
106.17106.31
• >
EXCHANGE
108.16109.27
'Treasury 2MsJ.
Treasury 2Msj.
Treasury 2Ms.j.
STOCKS !
NEW YORK STOCK
Saturday
Aprfl 4..
J
9
..
'
4978 Jan 13
IOS'4 Feb 19
1
43
Jan 12
48<4 Jan 13
7'2 Jan
20"2 Fib
3
3
1134 Jan20
3H2Marll
3Si4 Jan
6
61
68
2
Jan
6
114 Mar24
85
?
*
Apr
le
Jan
3'8 Apr
3-8 M
ar
9
2
'2
12
11. Mar27
Mir
2*'8 Jan 13
9D4 Feb 10
Jan
6
7
Jan 26
57s Jan 26
17
Jan 27
'
Highest
THE COMMERCIAL &
HSO'
Monday, April 13, 1942
FINANCIAL CHRONICLE
NEW YORK
RECORD
NEW YORK STOCK
BOND RECORD
Week's
Friday
STOCKS
ft-ft
LOW AND HIGH SALE PRICES
Saturday
Monday
April 6
Amll 1
April 8
|
Thursday
Friday
April 9
1912,
7434
4
*60%
3*4
127
19
'
3 per share
$ ver share
*60%
127
*
11
11
10
18%
Lowest
18*8
18%
*0012 71*1 *30% 74*.i
3*8
3*4
*3i2
3*4
126>2 107
*126% 127
*11
ll's *11
11*8
74*4
*3*8
3*4
120*2 127'2
11
18'n
11
12'2
71%
26i2
12*2
16*2
l'l
*1
44
44
21 *2
29
6*4
*4112 42
ft *4%.
5
21*2
28*8
6%
27
*26
*123*4 129
*1*4
1%
!
6112
*160*4 164
27U
28
fi2'»
*150*4 170
T
39*4
39*4
♦OG'®
67*2
j nr'H 1778
k
01*2
*70
69
>
50
*0
.
>
5%
4134
Feb
Feb
Apr
Dec
Agricultural Mtge Bank (Colombia)
i
26*2
Apr
*Gtdsink fund 6s
Dec
£122*2
*Gtd sink fund 6s ........ -1947
:
3% Deo
1
Akerahus (King of
-25
♦External s f 78 series B
1945
♦Externals f 7sseries C ——1945
^ ♦Externals f 7sseries D——1945
f ♦External s f 7s 1st series... 1957
| ♦External sec s f 7s 2d series. 1957
sec s f 7s 3d series.1957
( ♦External
5% conv preferred
..100
American Chicle
No pat
Am Coal Co of Allegh Co NJ 25
Antwerp (City) external 5s..—1958
Argentine (National Government)—
10
Alcohol Corp..20
Comm'l
Co
|S (external 4)4s
...1948
f S ( ext conv loan 4H3——1971
S f extl conv loan 4s Feb
...1972
( S f extl conv loan 4s Apr
Sugar
10
6% 1st preferred
100
American Encaustic Tiling.. 1
Amer European Sees..No par
American Crystal
Amer &
......1948
♦Antloaula (Dept) coll 7s A.»il945
100
American Car <fc Fdy—No par
Preferred
.100
Am Chaiu & Cable Inc.No par
Am
—
Norway) 49.1968
Mar
Preferred.——
American Colortype
1980
Foreign Govt. & Municipal
I
14%
Radio Corp.-l
American Can
New York City
41%*Feb
.
pref.-l.-_--109
Amer Cable &
100.22 100.30
1945-1947
3% Corporate Stock
•
Agrlc Chem
5>4% conv
104.10104 23
,.1942-1944
Transit Unllication Issue—
Corp..No par
(Del). _N o par
American Airlines Inc
10
American Bank Note
10
6% preferred
59
American Bosch Corp...
1
Am Brake Shoe & Fdy.No par
5*8
8
*4%
vft":ftft'.ftft'
190
preferred
6% conv
18
,*7%
2 (isserles G
Amerada Petro
a in
1944-1949
1 )48 series M
MM——No par
Alpha Portland Cem..No par
Amalgam Leather Co Inc—.1
73
*14*2
Friday's
&
Asked
1944-1964
Home Ownere' Loan Corp— 0:;;\
3s series A
1944-1952
No par
5% preferred—-*.—
70
*71
3 '4s
3g
AllU-Chalmers
16*4
73
13
10
Bid
Highest
No par
26*4
27U
69l2
6912
17«i
17*8 *16*4
*105*2 108*8 *105% 108*8
i
108*8
*105
T *1412
Allied Mills Co Inc
161
161
Range or
Sale
Price
Federal Farm Mortgage Corp—
1,200 Alghny Lud Stl Corp..No par
Alieg & West Ry 6% gtd-100
Allen Industries Inc
1
Allied Chemical Sr Dye.No par
Allied Kid Co...-—5
61*2
61%
61*2
|
Par
Shares
1712
*15*8
TjOicest
Highest
Last
BONDS '
v:1? '■
Y. STOCK EXCHANGE
U. S. Government (Con.)
Allied Stores Corp
13«4
12*8
2G*2
♦15*8
*12*2
12*8
*58*8
13*8
*12*8
N.
(1941)....
VVeek Ended April
April 10
S ner share I % per share
19%
Year
On Basts of 100-Share Lots
EXCHANGE
i
1
Wednesday
Tuesday
April 4
Range for Previous
Range Since Jan. 1
-
YORK STOCK
NEW
—.1972
..1955
Australia Com'wealth 5s
1957
External 5s of 1927....
External g 4J4s of
1928—...1956
Power...No par
For'n
—No par
preferred A—No par
35 preferred
No par
American Hawaiian SS Co. 10
97 preferred
97 2d
Belgium extl 6J4s
I External
Leather—I
preferred
50
American Hide Sr
6% conv
6%
\ ♦External
No par
American Ice
Corp..-No par
Invest Co of III—1
Amer Internat
American
i 5% conv
American
I
18*2
Co.No par
22%
ft
®i«
*16*2
.
413*2
10%
*31%
30%
*137
*5*4
7
5*o
Amer Power
13*2
4*4
.
10%
55*4
*5*8
7*4 ft17*8
5*2
7*4
5*2
•
30%
31% 31%
30% 30% *30*4 30*8
38*4
38%
39*8
30*4 40
30%
3»7«
*131
133*8 *134*2 138% *134*2
135*4 137
29*2
*iau
30*4 *2')U 30*4 *29*8 30*4
32
40
138%
•
30*4
30%
*140
19
+140
19%
11%
11*4
8%
»0*4
17%
17%
83
84
17%
R2%
19*8
11
0
17%
82%
19%
118%
ISS4
11
8%
140
18%
10%
HO
18*4
10%
18*8
*10*4
4)4% conv
17%
Amer
Aiuar Smelting Sr
*19%
19%
418% 118%
\
*1S1*
117%
■'
39
1
30
30*4
40
120
121
.,
40
123
123
4*j
4*4
•' 4%
24%
21%
94
24%
110*2 110% *110*4 HI
-.ft"
89
19%
Am Sumatra Tobacco.
Amer Telep & Teleg
115% 116%
-
4*2
,*36*i
38*8
♦RyextlsfGs—.—-Jan 1961
*68 assented.————Janl961
i ♦Extl sinking fund 6s..Sept 1961
J
No par
|
Co—.100
■ft,; 4*423*4
American Viscose
24
*6s assented... ft.—i——.1962
♦External sinking fund Os—1963
Inc.. 10
Corp....14
5% preferred
♦Chile Mortgage Bank-6)48—.1957
♦6 )4s assented.......—..1957
♦Sink fund 63is of 1926
1961
..100
Am Water Wks
Sr. Elec. No par
*110*4 111%
t
*Guar sink fund 68
43
*38
i
25%
10: 28 ft:
ft
*13%
25*4
28
14*2
*110% 112
*8*4
9
*3*4
1%
ft.'*1%
.*38% -44
25%
25%
*28*4
20%
14%
11%
*110% 111%
*
1 %
Anaconda W Sr
•
.
•
3%
56*2
1*2
23*8
-
3%
50*2
3%
3%
60
*40
*6%
23%
,
7
Cable.-No par
♦Chinese (Hukuang Ry)
Arnold Constable
*4*4
5
65
65
*58
65
24
'
24
36%
93%
36%
85
66%
22%
23
93%
,35
18%
*l037g 104%
18*4
6%
♦48
6%
48%
♦Sinking fund 7s of 1927....1947
j
Copenhagen (City) 5s
Corp—-.5
1952
^1953
—
25-year gold 4)^8-----
(
Cordoba (Prov)
Corp........No par
7% preferred—i
100
Associated Dry Goods
..1
:j 6% 1st preferred...
100
s'j 7% 2d preferred—
100
Assoc Investments Co.No par
:: 5% preferred
— — 100
Atoh Topeka St Santa Fe.-lOO
5% preferred..
190
Atlantic Coast Line RR—-100
84
*20
33%
:*T8
Argentina 7s.. 1942
...1951
(Republic) 5s of 1904.... 1944
Jilxterual 5s of 1914 ser A——1949
Cuba
1
j
1949
External loan 4 As.
debt...i...-.1977
15 1953
\ ♦Public wks.5>i8j..June 30 1945
jtCzechoslovakla (Rep of) 88.'..1951
i
♦sinking fund 8s ser B———.1952
;
Lines—
I
5% preferred....
100
Atlantic Retiming
2o
.4% conv pref series A.-.100
4^s external
i
Sinking fund 5Hsu..Jau
Atl G <fc W I S3
24
34
18%
*102% 104
6*0
6*2
♦47%
1970
^Colombia Mtge Bank 6%s.„1947
i ♦.Sinking fund 7s of 1926....1946
.♦Costa Rica (Rep of) 7s
*75
*32
ft
*68 01 1927
): 3s external S f % bonds..
-
23
Oct 1961
Jan 1961
♦6s of 1928—
■
Artloom
*19
5s.ft.ft 1951
Colombia (Republic of)—
i:
Mining
20
A P W Paper Co Inc
5
Archer Daniels Mldl'd.No par
Arraour&Co (Del) p f 7 % g td. 100
Armour Sr Co of Illinois...—5
35 conv prior pref—.No par
7% preferred——
100
Armstrong Cork Co—No par
31%
32*2 *3l*o
*110
112
*110*4 112
■
♦Guar sink fund 6s
1962
♦68 a«se nted1962
♦Chilean Cons Munlc 7s.
1960
♦7s assented...!
ft——I960
Corp. 12.50
preferred..—.No par
V.
1961
.......1961
ft
Andes Copper
9
!, *31*2
ft-
♦6s asseuted—
Anchor Hock Glass
35 div
'/ y
...1961
*6Ms assented
i
preferred..—No par
American Woolen
No par
Preferred
100
Amer Zinc Lead St 8melt—— I
35 prior eonv pref
—25
Anaconda Copper Mining..50
36 1st
V
........1963
*68 assented
|
preferred...———-100
Atncr Type Founders
4*8
♦External sinking fund 6s... 1962
25
Common class B
6%
Sept 1961
♦SS assented..,
S
s
25
American Tobacco.—
38
38*8
*123*2 125*8
1942
Feb 1961
♦6s assented..
No par
100
* .100
American Sugar Refining..
Preferred.
...1942
♦External sinking fund 6s... 1960
I
+6s absented
I960
! ♦Extl sinking fund 6s..Feb 1961
t-if
30
40*4
38%
,
86 %
*18%
i
Stores——No par
American Stove Co
9
17%
*17
♦Chile (Rep) Extl 8 (78—.
ft
*7s assented...
.———25
% preferred...—s
100
Amer Steel Foundries. .No par
10*4
*8*4
Refg.No par
Preferred. .*.«,»-»»»*—.-100
-
-
v
6
American
5s—.„..... ..4
>
1 10-year 2 )4s_——
Ship Building Co.No par
American Snuff.
13
10*4
18%
10%
30-yr 4s....I960
1952
1945
j 25-year 3lis—
......1961
7-year 2%S——>—
1944
30-year 3s
.......
1**67
i 30-year 3s
.1968
♦Carlsbad (City) 88——'—--—1954
Canada (Dom of)
.....100
25
preferred
100
Mill.
American Safety Rasor.-18.50
American Seating Co..No par
7%
30%
39*2
138*4
29*2
*139
*139
Preferred—
•
No par
No par
San'y.No par
American Rolling
10%
55*4
*5%
*7.
57
$5 preferred.
Am Rud Sr Stand
159
*130
Externals
Sr Light.—No par
$6 preferred.
•
4)4-4348—.
L4)4-4%8
External read]
3% external s f 3 bonds...
Co..--No par
American News
16*2
13%
4*2
16*2
10%
55*2
| Refunding 8 f 4%-4)4s —.
...100
| 6% preferred...
9is
4%
*130
159
-
Amer
23
17*2
11*2
4*2
'; External s r 4)4-43-48——.
Metals.-No par
Metal Co Ltd—No par
Amer Mach &
4*8
18*4
119
*116
Buenos Aires (Province ofh* *6s
stamped.....-—...
100
Amer Mach & Fdy
4%
...
5s
j Sinking fund gold 63—.^.
50
preferred
f 6)4s of 1927,
Sinking fund gold 5s
Locomotive. No par
Preferred
s
5 *7s (Central Ry)
Brisbane (City) s f
100
non-cum pref
—
6s...— i——.
{♦Brazil (US of) external 8s.
i ♦External s f 6 >$3 of 1926
Products...1
American Home
s f
I Externals f 7s__.
Atlas Corp...
•
48*4
>'
—-——5
External g-4^s.j...Apr
{♦Dominican Rep Oust
6% preferred——....-*.60
v
,•
K
Atlas Powder
f 5% conv
Atlas Tack
—No par
preferred
29
{♦Denmark 29-year extl 6s—..1942
External,gold
*1.1055
26
.
100
'
Corp——No par
Austin Nichols.—.—-No par
; 35 prior A.-.— — — -No par
Aviation Corp of Del (The)-.3
Ad 5)^81942
{♦lstser 5>£b of 1926j.:!—-.1940
{*2d series sink fund 5)48^.-1940
Customs Admin 5)48 2d ser.. 1961
5)4s 1st series. ——-1969
1969
♦El Salvador 88 ctfs of dep
Baldwin Loco Works v t c.
900 Baltimore Sr Ohio...
'000
4% preferred.. .......
400 Bangor <fc Aroostook..—
20
Conv 5% preferred
6#o
,100
100
Barber Asphalt Corp
Barker
Brothers-..-—-.No
5)4% preferred
Barsndall Oil Co
...
j Rath Iron Works Corp
300 Bayuk Cigars Inc
.No
6001 Beatrice. Creamery
|; 95 preferred w w—--No
,100
700
1948 J
J
♦Estonia
1967 J
J
(Republic of) 7s.
11% Apr" 9
'
2*4 Jan
2
ft 4*4 Jad
2
4% Jan
.2
,
22
Jad
Finland
2
Freuch
26%Mar
(Republic) ext 6s
Greek Government¬
.17% Mar 26
21
Apr 9
Mar 20
's part
,
103
paid.—.
*68 part
paid—!.
For footnotes see page
For footnotes see page 1488
.1949
5
8% Jan.2
14% Mar 7
4
-1945
Republic 7s stamped... 1949
7s unstamped
6%Mar 25
5
MarlO
1489
34
32
63
15 1962
5)4fl 2d series............
-M6H
'4
ml
ft
71
•
r
"
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
155
NEW YORK
()
Week's
Ran'ie
Last
BONDS
N. Y. STOCK
v
NEW YORK STOCK RECORD
BOND RECORD
Friday
Sale
EXCHANGE
LOW AND HIGH SALE PRICES
or
STOCKS
NEW
Friday's
Rid
Price
Week Ended Apill 10
1481
&
Asked
Tuesday
Monday
Saturday
Ai
Aj ril 4
A?ril 7
ril 6
Wednesday
if
Ai.nl 8
J
Thursday
?
April 9
Friday
April
YORK
Ramie for Previous
i'ear (1041)
Ranije Since Jan. 1
On Rasis of KKKSAare Lots
.
STOCK
EXCHANGE
10
Lowest
Lowest
Highest
Highest
Foreign Govt, & Munic. {Cunt.)
Shares
1$
$ per share
-per
share >
Fob 24
32
Apr
110*4 Jan 10
7*8 Jan 20
12ft
J«n
30
8'* July
17
Oct;
•
♦Haiti (Republic)
s f 6s ser A..1952 A
T>
1314 Mar 18
1612 Mar 30
3978 Jan 3
14
Jan 13
52
Jan 23
Hclslngfors (City) extl 0)48. ...I960 .4 O
"~4n*8e;t:'
207/. Jan1
67 May:
34*4 July i
89'2 Jan
131'j Jan
317* AUK!
237«Sepc
10»4 Jan
2414 Jan 1»
2
6678 Jan
121
7
Jan
22«a Jan 20
10*4 Jan 28
♦Jugoslavia (State Mtge Bk) 7s 1957
7*8 Jan 14
18*8 Jan:
Oct',
1413 Jan
Mexican Irrigation—'
♦4
stamped assented..... 1943
♦Mexico (US) extl 5s of 1899 £.1945
7
00
1954
1945
24
Mar
2i2 Feb
30*8 Jan
18*2 Feb
914 Jan
187« Apr
♦Sec extl s f 6)4s..._
♦See extl it 6)4s
1959
7s
54
New South Wales (State)—
30*8 Jan'
17U Dec
12*8 JanJ
25*8 Jan;
.1957
f 5s..Apr 1958
Norway external 6s.
1943
External fts
41
1414 Sept
37
'
4)43
Externals f 4'As...
...1965
...1963
8's July'.
3414 Jan
23
Municipal Bank extl s f 5s—197Q
35i»Sept,
2078 July
19'4 Jan 3
Sij'2 Jan 10
7«2 Jan 27
...
«
Feb:6
Feb 6
Feb
3
Jan 14
Jan 14
3 >2 Feb
Oslo (City) sf 4^s
'
21U
6I4
20*8
378
8*4
♦Panama (Rep) extl s f Sster A. 1963
♦Stami>ed assented 5s.,.. 1963
Stamp mod 3 54 s ext to
1994
95
♦57 M
|
•Rernambuco (State of) 7s.... 1947
•Pern (Rep of) externa! 7s
1959
•Nat Loan extl 8 f 6s Ist8cr..l960
♦17
17i2
5U2
>
*50'8
i*Polarid (Rep of) gold 6s....1940
k 10*8
*4>4«assented...........1968
*31'•
100
• External sink fund
g
8sl...1950
..1.1963
■•■
.
2,500 Calumet A Hecla
4'i
35
•
*85
*24
*21*61<
Queensland (State) extl 6s
10
116
♦Rio de Janeiro (City of) 8s.
*80*4
■k *Extl aeo 6
.
7
of)
2,200 CaterpHlar Tractor
478 Jan 14
37ij>*Feb 16
37
6
190
90
83'2
7Jg
140
*-42
Jan 3
2114 Jan 3
93
Jan 12
4
8
8
1678 Apr
85t2 Apr
*>1)20
var
5% series prior pref.. ..100
7% prior preferred
100
7% 2d preferred
..100
120*8 Jan 22
1"15
83
9412 Jan 14
Feb 13
678
•
'■2,100 Celotex Corp...... .
No var
80
5% preferred.
I
100
500 Central Agulrre Assoc.A'o par
1,100 Central Foundry Co
160 Central 111 Lt 4)4%
......
Preferred
Santa Fe extls f 4s...:—-.---1964 XI s
711-Jan 3
23*s Jan 27
16'»Mar 28
1*4 Jan
1
preflllOO
|•Han Paulo (State) 8s
♦8s external
-1936 J
1*8 Jan
1,230
6%
prior preferred..
300 Chain Belt
♦73^x11 water loan.1956 M S
;kl*Seeured a f 7s. .
85
Jan
5
27
Jan
2
1?8 Feb 13
.
•
100
;11968 J.
Co..."
23<4 Jan
2
100 Cham Pap A Fib Co
J
.....
1940 A Q
Common
:
'
♦8s secured extl..—.,.—..: 1962 M N
♦7s series B sec extl.......;1962 MN
No par
♦Silesia (Prov of) extl 7s—;1958 J
5
No par
1
-
9,200 Chesapeake A Ohio Ry
D
5% preferred
a
Apr
9
-
5
Jan 26
2*4 Jan 26
13i-Mar23
5
Apr 10
15
36
Mar 27
50
♦Externals f 6s
200
100
f
>12'a
External conversion..;...1979
Jan 29
preferred...No
($2.50)
par
100 Chlckasha Cotton OH
*21i2
700 Chtlds Co
Chile Copper Co
25
par
55i«
55*4
/0»4V" 9)2
*92 ^
'•'•*34
••
*2's
34
42
:
2*8
84
*130
145
85
*96'2
5
5% preferred...
08'
110
100
guar
'
1953
100
5% preferred
"71 VJan
24
80
...100
139
400
1947
Preferred
Class A..
—No par
Coca-Cola Intern Corp .No par
3,400 Colgatc-Palmolive-Peet No par
$4.25 preferred
.No par
......
Collins A Alkman. ....No par
30
5% conv preferred
100
300 Colo Fuel A Iron Corp.No par
3)4s..l946
10
6b modified...............1944
6s modified----—..
.1949
500
1,300
5s modified ..............-1950
♦5s income
.........1950
-
Bee page
1488,
20
32*8 Mar 13
28*4 Apr
2
Jan 22
50i2Mar 24
55i2 Jan 28
470
Feb 25
lll2Marl3
Mar 25
100
12 'Mar
6
Mar 23
98
100
*4 Jan
4% 1st preferred..
100
4% 2d preferred.......100
Columb Br'd Sys Inc cl A.2.50
li2 Jan
Jan
Jau
3
5
100
Jan
5
84*4 Mar 10
50
Jan 26
44
Jan 5
3012 Jan 3
142i2Mar 7
79i2 Jan 6
63i2 Jan 9
470
{"eh 25
13*8 Jan 6
105i2Jan22
14U Feb
105
Jan
3
Class B
—2.501
6% preferred...
)
100
14*4 Mar
10
112
29
6
1
10,300 Columbia Gas A Elec..No par
I
1.600
6% preferred series A—.100
Alleghany A West Istgu 4s...'1998
" "72""Mar
9
3
90 Colorado A Southern..
1946
i
2-*8 Jan 12
8
34"2 Jan
Jan 26
4,300 Coca-Cola Co (The)...No par
For footnotes
5 14 Apr'6
IOI4 Feb 25
Apr 10
50-
20
1953
For footnotes see page 1489
3
961- Jan 23
10814 Mar 21
24i4 Apr 10
96
Feb 26
7% gtd.50
Special gtd 4% stock
50
1,800 Climax Molybdenum..No par
1,300 Cluett Peabody A Co.-No par
assented ......1948
y A Susu 1st.
3)48 registered
c
8
2
290 Clev El Ilium $4.50 pf.No par
1st cons 48 series B_.
..1943
Alabama Power 1st mtge 3)4s.l972
Albany Perfor Wrap Pap 6s...1948
Alba
Jan
4378 Jan
700 Clev Graph Bronze Co (The). 1
10-year deb 4 Hs stamped—.1946
Ala Gt Southern 1st cons A 6s. 1943
Alleghany Corp—
6
3
"
Adams Express coll trg 4s.... 1948
warr
Jan
.
Power A Paper¬
6s with
*4 Jan 29
*8 Feb
914 Mar 17
13*4 Feb 27
2i4 Feb 6
25
Jad 13
2
21V Jan
20 Clev A Pitts RR Co
Coll trUBt 4s of 1907
Jan
9
Jan
3
1,700 City Ice A Fuel
No par
92's'Mar 26
20
6)4% preferred
100
City Investing Co
100 1
400 City Stores
2'sMar 9
...5
291-Mar 12
500 Clark Equipment
No par
C C C A St Louis Ry Co..100
*109'4 110',1
*25*8 26
...
2
Mar 23
25
16,500 Chrysler Corp
96
*72
less series A unstamped
♦Stamped
*8 Jan 16
2
i8
8*8
117g
1'8
,
10
No
'ii Jan
-i4 Jan
7% preferred.:;...100
6% preferred
100
Chicago Yellow Cab...No par
3934 Jan2l
Jan 5
52
•
:
*4 )4s assented-1958
13
1%
3)4-4)4-4'it extl conv......1978
4-4)4-4)48 extl readj1978
3)4b extl readj ustment; . ... .1984
♦Warsaw (City) external 7s... 1958
conv
''
400 Chic Rock isl A Pacific.. 100 f
;......1964
3)48-4-4)48 ($ bonds of 1937)
.
external read) ustmeat;... 1979
if; 3)4-4-4)48 ($ bonds of 1937)—
$3
Pr pf
1960
3
171- Jan
Feb 11
!
cum dlv No par i
i
v
'
100
—
29
1*8 Jan
3
2
2
9's Jan 2
4's Jan 23
50
900 Chicago Pnetimat Tool.No par
f 6s
Jan (5
Jan 30
Jan 27
Feb 7
Jan
1
LOOOjChlcago Mall Order CoI.II.5
♦Uruguay l(Republlc) extl 88.11946:
«Tan 6
Jan 14
Feb 10
3*4 Jan
1*8 Jan
•
1
Class A..
'
40
800 Chicago Great West. RR Co.50
2,700
8,lOO
100
17
7'2
4
36*4
98
27*8Mar 27
89
Apr 8
26
200
Preferred series A...II. 100
700 Chic A East 111 RR Co.No par
♦4J4sassented...._;4.—... 1958 J D
Sydney (City) s f 5>4s
1955 F A
19
~ Apr 2
1514 Mar 30
578 Mar 12
96
6% pf. 100
j
100 Checker Cab Mfg
Serbs Croats A Slovenes (Kingdom)
161- Feb 10
No par
300 {Chesapeake Corp
.
15'2 Jan 7
2*8 Mar 11
'
J
■
♦6s extl dollar loan..:
110
2
J
1950 J
214 Feb 17
;Jan 2
3% Feb 7
18
Jan 29
3lt Feb U
95 Mar 36
31*4 Jan 27
2'- Jan 5
29
Jan 27
5
MarlO
90
.100
.....
—
•fl Ws extl secured« f.....:. 1957 M N
'"{Xbltlbl
3
8>4 Jan
Mar 12
Feb 25
66
2,300 Cerrode Pasco Copper.No par
1,600 Ccrtaln-tecd Products.
..1 '
♦Sao Paulo (City of, Brazil) 88.1952 M N
•
Feb 11
121
Jan 16
3312 Mar
500 Central Violeta Sugar Co
j- '<
Century Ribbon Mills.No'"par
r
Jan 28
7
2'8 Jan 13
69
Feb
6
21-Mar
100 {Cent RR of New Jersey..100
s
5
Feb
27*4 Jan
....
•7a touuictpalloaii.
♦External
,
89
117
No par
2,200 Celanese Ccrp of Amer.No
116
j *7* extl loan of 1926.....
i
«2i8 Jan 14
601-Mar 28
:
.
*8s extl loan-of 1921..:..
f g
•
2
10
1947 P' A
"34*4 35
17'2 :17*4
*85- '
86*4
Rio Grande do Sul (State
Jan
83*4 Apr 10
II—II100
Preferred
6
5
Apr
Mar 11
32
241-Mar 27
TZ100
400 Case (J i) Co..
Jau 29
Jan 14
Jan 14
<
Jan 23
34
10
Oh'loRy" 100
Carpenter Steel Co....„.._a
500 Carriers A General Corp.""]
2^8
'
1*4 Feb 10
30 Carolina Clinch A
63
2
311- Apr
......
*118'- 121>
507g
1 '4
7's
15'2
12's
Jan 13
3*8 Jail
•
t
.
S3 preferred a
87'-
Apr
30
100
.
36
.26
578 Jan
1178 Jun
26
19*4 Jan
«
3
2
2
10
..25
1,600 Cannon Mills
No par
Capital Admin class A.
1
2'i
2
5078 Jail 29
*8 Jan
6,100 Canadian Pacific Ry
32*4
*32
♦Prague (Greater City) 7Ms—-1952
i
1
ConsCop's
Canada Southern Ry Co.
4*8
32'(
■*
..
2,600 Campbell W & C Fdy..No par
2,300 Canada Dry Ginger Ale.....6
10*4
*178
■
1961
-1966
Packing
Ho par
5% preferred...........50
500 Callahan Zinc-Lead
*
♦4Mi8as8ented.v.
♦Porto Alegre (City of) 8s
♦Extl loan 7)48—...
16,n Jan
400 California
V*
'f 6'2 - 6'2
15'i
15'-
:
1958
1947
I 7s
s
7|
5954
*:'■»
assented.:
131
103)4
*Nat Loan extl a 16s 2d ser.. 1961
♦Stabilization loan
Jan
UU Apr
■■■-■
58M
*102 M
..1967
Ext eec ref 3)4s ser B.
s
Mar;
12*8 Jan
118
Jan,
514 Jan,
76
July'i
7i« Feb 14
15*4 Mar 30
Jan
5
26
Jan
7
.1956
4ss f extl loan
•fts extl
Septi
231*
lfl
1944
External sink fund
s>*
j
6*8 Jan
7
Jan
Jan
45*4 Oct •
2*8 Auk •;
87s Jan 9
1F218 Jan 27
3*8 Jan 0
66
Feb
6
?
.
Externals f 5s.— ;'
.
Sept 1
3>4 July!
Jan 16
14
»>•
l7j Sept!
21
5
lU Jan
:
j
Jan5
23*s July?
2
'2 Jan 13
35
•
Jan
11112 - Jan
20l2 Feb 25
43
Jan
3
1952
1959
A
s
35
1958
V 9*4 Feb
External
Mur
24*4 Sept\
5
7
13
17
9
5
9
6
2
1714 Jan
J^'freas 6s of '13 assent..:; 1933
♦Montevideo (City)
Apr
20*8 Jali
?•
Mlnas Geraes (State)—
■*.; *68 scries
.17
40*4 Jan
..1945
•Assenting 4s of 1910.:
2
21 <8 Jan
6
;'31*4 Jan 5
95i2 Feb 16
Mendoza (Prov) 4s readj—....1954
♦Absenting 5s of 1899
♦Assenting 4s of 1904..,
Jan
70
♦Medellln (Colombia) 6148— 195*
3
12
5
2
18's Jan 26
1*4 Jan 30
2i2 Jan 31
Feb
2
9
Mar 23
13*8 Jan
S 9
Mar 16
13i2 Jan
6
6
II4 Feb 10
36
Apr 10
1*4 Jan
3
54
Jan
45i2 tan
6
36
Jan
Mar 26.,
.2
7
"
56*4 Nov
>
9*8 July
414 Sept
25
Sept
678 July
Auk
23
4*8
11*4
Jan:
100
I
Jun
July
12
Jan
FINANCIAL CHRONICLE
:THE COMMERCIAL &
1482
Monday^ April 13, 1942
BOND RECORD
NEW YORK
STOCK RECORD
NEW YORK
Week's
Friday
W!W„
!
Sales
SALE PRICES
AND HIVH
Saturday
4
A •Til
$
Monday
i
*58'i
6)
17lo
*93
69
61-
*
69
*26
♦17V
6
*93
971.,:
27
.
3)0
Columbian Carbon Co .No t>nr
630
Coliimbia Pictures..w_.No oar
"1,800
231-'
2314
23
"^433,
;22%
-'
18 V
19%
19'k
1912'2
14'2
19%
1412
19%
*13%
18 <5
10%
*19%
88
*86%
94
93
58
6
.
13
IIU4
1:
*%»
■-
%
.
*'i«
"i«
7'4
3,030
31
110
39%
*7%
7%
*7%
•
*1%
2
*1%
.7
2
5
5
5
5%
8
7l2
7's
7%
^ 7%
5%
7%
5*t
271.1
27%
-*23%
51-
5'4
27I2
.5%
28
85'2
11%
*83t2
85'-
8-5%
:83%
1312
13%
13%
13%
2'2
2%
2%
21?
2'2
2'2
13%
2%
84
*81 '8
85
*8l's
8 1
23%
:24
81
*81
7%
7
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5%
*27
23
-
700
*82
83
-
100
*12%
13
>■:
2%
2,200
4.60)
2%
.
Contl lental-Cin
8
•.4 7
9
Jan
De:7
% 'DiC
6% Jan 29
2
7
8% Jan 13
5% Mar 26
ar
21
82% Apr
1
2's vf
Fit)
14
De*.
93
Dec
11
De"
5%
Dac
79
Aug
109% Nov
>Jan
''
:
24
241.1
7'?
23i2
*7'4
19'4
17'8
19U
17^8
19
*17%
*9%
*1734
19
*10%
11%
47%
*46
•
*1-
28i4
:
•>
28
23%
45
45 %
45
3..
*i%
13,,
43
100
28
12"8
12U
12'8
121-
12%
*90i2
9U2
I*
*9.918
911-
♦99%
91'?
99
99%
*13%
14%
*13%
14%
8914
*13%
81%
14
77g
*7'i
7'8
*7
*7
7%
7V-
.7%
17i8
17i2
7%
17%
0
1334
#7
14
17
17
17%
13.
*12%
'
12%
34
*313,
34
34
34
11'8
ll's
*11%
11%
11
11%
79i4
*30^8
7934
39Sj
80
31
3U2
*73i2
75
741-
741-
*741-
75
*11
IDs
1U-
111-
*1H2
13
11%
IH4
♦79's
-
*32l4
31
*3284
714
71«
129 Jt "121
.121
31
71-
714
89
84
81
7%
7%
129's *123
16%
33%
11
83
1,900
1,090
10%
39
3 9
73
12
3)0
140
7%
120% *120
129% *123
v
83
*80
83
*8.9
83
*19'-
11
*10%
10%
*10%
11
It
*1314
14
*13%
14
14
Amer.No
par
5
% canv
103
preferred
109
preferred....
109
Cubam-Amarlcan Sugar...
Preferred
100
:
10
609
Cudahy Packing
14%
200
Cuneo Press Inc
v
5'A% canv
I)3i
Jan
Jau
9
(Dec
,27%
45%
15%
94
.10
28 ]
.
1>33
1% May
.
3%
Jari 2 7
131
Dec
73%
2
9
10%
*1334
97'2
*92
78
17'2
*92
:
34
*16l4
*15
97%
712
7-8
%
*16%
*15%
7%
22i2
221-
22%
171,
16
*1518
7'2
22U
83
*8334
*51%
*
13s8
*92
'51
«t«
1714
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7»a
2134
97l2
89
*838.,
lt'2
:
IB
7%
22%
89
*83%
*5U-
...
44%
*13%
97%
%
*02
15%.
15
*16
15%
100
•7%
22%
16
7
7%
7%
7%
9,430
22%
21%
22%
2,600
97%
1/
*1.5%
80
Jan 26
Feb
,472
•
14
Prior
*51%
*U %
*14
1.90
1-5
preferred..-i.-No par
18% Ms,? 27
18% Jari 5
9% Jan -6
Mar 18
6
21 % Apr 1
80
Jan 19
Feb
.
A.'.
Jan
17
31
106% 10956
88'4
9356
8754 91 <4
10154 10256
10154 103%
-'..1995
1995
ts---w—
■a
*2V
2%
15
9%
105
105
k
3
1091-
"
6%
6%
21%
28%
.
22
28%
11
*10%
8%
,
8%
3
3%
;.r *%
6%
684
,21%
27%
22%
"10%
8%
11
8%
4
3?
*%
k
n
,
14%
14%
14%
17
-
28'2
17
17
*19
19%
19
*34
36%
*31%
4
15
1.8
89
,
35'4
35%
*18>«
*9%
:
28 «8
2S)s
*10l2
11'8
2U8
28*2
*ioi2
S'N
I»J
19%
1V>2
36%
34'8
84*i
9%
17
*73%
*8%
89
*34
19
16%
17
*73%
8)
8%
35%
10
18%
8%
8%
*31
I
'i
62%
62%
% 100% 100%
*14
14%
62%
9-
63
61%
102
109
61%
102
102
15%
14%
*3%
4
*7%
8%
119%
4
*3%
15%
*3%
81-
*8
"111
*8
61 '4
*9)
111
111%
122%
110% 111
*122
122
122
*113%
114
114
*3 <8
13 7s
9%
•
0%
91,
9io
1,5)3
5 )«4
5)%
93)
"
53)
Dow
*3's
-
33%
60
5)?4
*))i4 10 n4
4
*p[4
15
15
101
*T4«4
3*8
84
3%
3)0
8
119 2
*111
111
115
«
115
InterriatlonaL- -——'
Corp——
No par
8% preferred..
-100
Du P de Nem (E I) & Co—20
10)
li()14
xUOh Mori 420 4 129%
114I4 114I4 *114'4 115
112
12! >8 122%
Chemical Co—'..No par
iJfesser Mfg Co
--No par
1,533
3%
8'2
31)
83)
IVi
*Ji4
•
<■
•
8'4 -««4
1191-.
11)% *111
Uo 2 112 "
'H
; ' ■'
27
Feb
6,330
1,0))
V-
99
General unified 1 Jtfs A—..-
34%
5s—195!>:J
117g Feb 20
-10% Jan 28
2
23
2
14
Jan
5
.Jan
Feb
31
Apr
2
0
27% Jan IP
433 s Jan 12
8% Jan
16% Mar
21
7
70
Jan
>5
Apr
2
21 ■X 9" Fib
2
36
.Jan
Jan
18% Apr 8 421
9% Apr 10
13% Jan
.54% FeblJ
70% Jan
97 ; Mar 1J .121% Jan
.15% Jari
(n 19
3
4% Marl6
9% Feb 3
8
26
113
Feb 21
11
144
Jan
5% 1st pf.100
Inc..———l
Eastern Rolling Mills
5
Eastman Kodak (N S)iNowit
6% cum preferred- —•—100
Eaton Manufacturing Co
4
Edison Bros Stores Inc. .
2
Electric Auto-Lite (The)
6
13% Apr
2
126% Jan 7
115% Feb 13
H
Wi 118%
117% 117%
172
*170
>
18*4
172
28%
117
14
11
14
23%
23%
21
21%
12%
12%
*11%
*%
24%
12%
71
%
7*
1%
1%
r
:
•
;1% "'I
22%
22%
19% *19%
321.,
32%
22%
*22%
1%
*21
22
22
*17
19
19
32
*32
32
'•<
*21%
•Vs: 48
*109
*1%
22%
22%
*46% 47% *44
111% "108% 111% *109
48
1%
IV
1%
13--8
13'8
278
2's
*2'4
117%
172
*2Si4
*ID4
"16
24
18 '-8
3'x
*17)
28%
14
*12
19*4
6
2
117
m
172
116'8
*170
a
3)0
3
*170
23'2
110 H
2,3)3
141.1
24's
21
*13*4
23
1
'11?8
IDs
s«
fi8
22%
2!'8
1'8
22/8
29%
*1JI2
24
H
*1
*8
•1
23
20-
1
Ifl:
3fi4
21%
321*
*2D8
22l2
47
*41
48
*14
111%
10.)
' 109
200
23
*10.)
1*8
4.790
i
''
It
•»
*17
3 !'4
3!'4
2)s
47
*44.
111% *10)
Electric Boat...- -
1,1))
1 '16
6)3
204
Hi
3)3
3!%,
24%
803
Elec
833
El Paso Natural
4/
1)3
Endtcott
$7
*40
47
*33
47
1%
*38%
47
*43
47
*49
47
43
43
*45
52
*45
52
*43
52
*47
52
*45
51
*13
51
*4)
52%.
60
*%«
6
5%
38%
*
51
6%
5%
38%
38%
*
78
2 >8
."*2%
*5
5%
*5%
2'.i
5%
*25%
25%
25%
25%
*»■«
'
1
51%
l
%«
52'"
hi
Us
5Ji2
7
1*4
1*4
6%
51-
38%
*
0'.,
5'8
33%
5
r
*43
51
*32
as
ii 6
5%
5'z
5'8
5.1
17,50)
37 '8
3314
37
33%
33 %
2.10)
5'h
•"*2"
*5
25%
*»,,
21
5%
251
1
73
*.'
37%
73
1:2 >s 'r»2"
*2
5
5
25'3
*9u
25
Ctfs of benef int w
1
...
;>
5
25'2
73
5% pref series
■
A w 1..—100
Erie A Pitts RR
Vacuum
Cleaner.—.5
2%
203
Eureka
5%
60)
Evans Products Co.—
25 g
1,503
*25%
100
».*
1-70
Mar 28
176
28
Mar
11
5
——3
Buffet Corp—52.50
Ex-Cell-O Corp—
Exchange
>.
Jan
7
Jaa 13
317s Jan
1
0
1% Apr
43
Apr
3%
2%
5% Sept
Dec
14%
Dec
18
5% A or
Jan
18%
27
114
3% Jau
32% Jan
% Jan
-
2%
16
14
l)e
41
2
2
6%
Jrin
18%
July 1948
'----1918
Stamped ino'llflcd bonds—
!
>
1st intge g (Int at 4% to
S
Oct 1 1910) due
July 1918
Ref A gen scr A (Int at 1 % to
Dec 1 1946) due
1995
Ref A gen ser C (int at 1 1-5%
..to Dec 1 1946) duo..—1995
i
j
,
'.
.
;
Ref A gen ser D (int at 1%
to Sept I 1946) due.—2(K)0
Ref A gen ser F (Int at,l% "
to Sept I 1946) due.... 19 )6
♦Conv due...-..--Feb 1 IribO
1st mtgc gold 4s.. j
)
4s registered
Jail
86
O
O
1%
32% Dric
17
..
'
12 %
Jan
(182
din >4'
6416
110
5954
dM%
d3l 14
3616
271
31 54
39)4
J
,/)
dZ3A
</35
4114
261
35
44
M S
(IMA
d3\ A
3654
180
M F
'&1.&
r/3156
3654
177
3156
39
d26
4054 2163
26
42 %
6456
201
49
"; 5456
4856
189
40 54
.6
26
ll« Jail
23
:
'v
2%
6
Doc
De
105
Aug
I36't
Dec
"t
Oct
,
Toledo Cln Dlv ref
1959
4s A
1st 5s.—.
Bangor A Aroostook
Con ref 4s—
i
'
F
i
30%
30%:
30%
31
31%
31%
*21%
*6%
22%
22%
23%
23%
6%
23%
6%
*84
90
85
*21
22
♦21%
^ *88
2lh) *21%
90 '
21%'
*8%
7%i
9%'
6%
6%{
90
*8%
For footnotes see page 1488.
3U.I
22'2
3H.1
31 L 3»
225t
2D4
22%
39%
*2D4
2 H 8 debentures
Consol mtgc
..
Consol intge
Consol mtgc
7'4
"
9) •
*21
*8'4
22
8*
*J/8
88
*21
*8-
7*'4
87":
22
1,000
3)%
'.
900
8'4
*3%
7
500
84%
85 %
u3
*21
22
8%
J
'4956
49W
99
Fairbanks Morse A
Co. No par
Fajardo Su? Co of Pr Rico..20
Federal Light & Traction—.15
$6 preferred
.-..No par
Go
2
Federal Mia "A Smelt
Federal-Mogul Corp—---.-5
T
29%Mar 31
21
M ar 23,
1913
.
debs——1952
3148 ser F——1959
3s ser G.
1960
314s scr II——1965
"5856
58%
5854
25
5756
58)4
20
49
"*2
25
129%
3
"9856
O
J
J
A
5
2
Stamped modified
Jan
8%
Jan
3% to
Jan
16 4%
C.-1967
103%
•
j,
D
105 56
A
.1
MN
7854
*90
F
75 r
75
76; ■;
59
39
40 %
178
20 56
29
14
10856
20
107
108)4
10856
A
35
10514
10556
104% 106
105
104
80
■
I)
Noi*-.1931
5s'gu—-.—1960
Jan
Canada Sou cons gu
Jan
Canadian Nat
\
113%
110%,11056
40%
134
8%
38
7
J37J6
42
A
O
VA
A
O
8036
60 A
62
70
80
J
J
A
O
1
O
60%
;so
41%
3654
554
554
856
7:%
j
8
80
23
80 36
53
6314
70
SO
106
108
17
j
81
May
34
113
8%
4s....-.---1952
Consolidated 5a
1955
Bush Terra Bldgs
88%
105
97
*11354
*11056
♦Certificates of deposit--
Jan
98
"
108
80
8156
98
80
I
Bush Terminal 1st
Dec
21
108^6
104
10554
104
Ry—^
—
43%
'
*10056
(interest at
5* 1st A coll 5s.
«
J
f
,
7V%
.7454
.3954
•
93
75
1
20
74 %
79
85%
94
75
FA
M N
10254" 10254
102 56
7854
O
J
*10154
1(946) du6..:— —1957 MN
.{Burlington Cedar Rap A
10% July
117
24
i
May
1%
Dec
120'4 May
163
r
Apr
27
Do
14%
Fib
5%
115% Sept
182% Jan
36% Jan
17% Sept
%
58
Deo
33%
Jan
Dec
17%
,10
17%
Jan
% Aug
4% Jan
39% Nov
D3i
27%
Feb
23%
26%
Feb
De
36^8 Nov
34% Aug
21%
Dee
33
3J
Feb
»
107% Nov
2%
Dec
64% Dec
July
47% Sept
U3
Oct
7
Jan
S0'4
Apr
69
Dei
10654
10656
106%
6
8236
10756
107%
82%
107%
3
1957
5s..--"j'uif I960
10754
10736
11136
108%
18
112
28
Dec
89% July
%s Nov
4%
Dec
De;
%
10
Jan
Aug
39% Doc
7% Aug
42% Nov
75
2%
..
1962 AO
5s A
1970
5s..L- -Oct
5s—
11136
HI 36
I
107%
10454 108%
10754 112
108
11156
10!)
2
105
107 36
103%
107%
2
107
107%
13
110%
110%
7
1951
4Aa...
deb 6168...1916
Can Pac Ry 4% deb stk perpct....
Canadian Northern
1916
"Coll trust 416s
5s equip trust
112
196!)
10756
1956
6 Guaranteed gold 416s.Guar gold
Feb
4—1944
ctfs
5s------—1954
1960
{^♦Carolina Cent 1st guar 4s—1919
Carolina Clinch A Ohio 4s
1965
Carriers A Gen Corp 5s w w—.1950
Cart A Adlr 1st gu gold 4s. —1981.
Coll. trust gold
Collateral trust 4'4s..
3s..l955
Celotex Corp deb 4J6s w W--.1947
♦Cent Branch U P 1st g 4s—.1948
Celancse Corp of America
M
S
J
J
I
J
11054
69 >6
*lst mtge 5s_—
Nov 1945
♦Ref A gen
Dec
8%
Jan
♦Ref A gen
21% Dec
*i« De<
30%
Jan
♦Chatt Piv pur money g
%
Jan
♦Mobile Dlv 1st g 5s
4
v,
1915
$59
1959
4s.. 1951
1916
{♦Consol gold 5s
5 A8 series B——
Feb
Jan
Dec
8
31)
71
<U>36
M
S
!>536
05%
5
I
J
10536
105%
1
J
D
87%
88 •%
35
85
85%
2
8756
5s series C
32
s;.
Dec
16% June
6 %
45% Jan
24% Mar
Dec
13
May
100
Mar
6% Apr 7
81% Apr 10
93
3]
24% Jan 16
19%
Dec
Jan
51
10% Feb 10
8%
Dec
14%
90
'.
Jon
U
8954
103
'
81%
77
!
00
10556
8!) i
85)4
*56 36
M
S
106%
106%
2
108%
107
MN
100
100 36
6
100
102 H
F
A
*50
F
A
47
63
42%
53)6
F
D
29
F
A
56 54
M,V
1856
06)6
10
9754 10054
9354 97'
29
D
J
O
20
11
656
.
24%
30%
55%
1736
56%
13
19%
144
45%
1056
56 54
20
6
16
72
7
.
6
*18
102
7%
'.'"i
m -
*
,
18
72
75
1354
21
14
1856
18
17%
18
72
19%
40
18%
*15%
107%
A
O
112%
62%
--—-1987
♦General Is. —
-.-1987
4s registered.--—-t-—1987
Central N Y Power 354s..
1962
.
8
18 54
28
20 36
J
'11
7%
23
154
1936
mLH*.
3
HI 54
*111%
J
3
15%
V
18%
18
5s registered...
55,
08%
9536
J
A
58;
98 >4
7136
For footnotes see page 1489.
71
J
1954
%
62
J
72
Jan
107
108% 119 34
T
Light 3563—1966
26% July
•
109%
103% .107%
10354
J
rCentral of Georgia Ry—
3 >8
1%
85-
80%
104
1955
4J4s..
83% July
74%
>
gold
i Guaranteerl gold
Guarantced gold
Guarautced gold
Guar gold 4548
Jin
20% Jan
9
'
10356 105%
10356 105%
100% 102 f
102% 105 |
10154
105
9756
r"
10156
10454
10454
I
"9856 "99%
9656
,10354
FA
F
127K)30>|
10454
104
)■
83%
10356
7256
107
97
97
V 48
4.5
A
50
8156
10756
"9856
A
»9
48
8156
10756
I
9556
12054
—..1961
I '60
i *lnc mtgc 4)^8 ser A.*;.July 1970
{♦Boston ANY Air L 1st 4s.. 1955
Bklyn Edison cons M 3)48—1966
Bklyn Union El 1st g 5s
1950
127
37% Jan 16
2 >% Jan 2 •
Jan 31
53-54
12
5656
571s
1st g 4?4S series JJ
1st mtge Is series RR
f
118
Mar 24
8% Jan
\
4856
44
"-28
5156
99
J
Big Sandy 1st mtge «s
J944
F A
Slaw Knox^ 1st mtge 3'^s
-1950
M S
Boston A Maine 1st 5s A C——1967
M N
1st M 58 series 11-—
..1955
Jan
23% June
;
31K?8])5|
{♦Cent New Engl lstgu4s
1961
{♦Central of N J gen g 5s.-.—1987
'
*0i->
*83
i/43)4
.1950
2 %s
Bufralo Rochester A l'gh
■
'V, 1
22%
54
54
(14) A
.195.)
110% Feb
Jan 27
% Mar 31
(12 7
A
.1951
111% July
5
Mar 10
5|
"
4
.1951
4s stamped..--
23% Jan
141%
•
'
e
Pgh L E A W Va System—
MN
Ref g 4s extended to
1951
8'west Dlv 1st M (int at 3)4%
J ' J
to Jan 1 1947) duo
1950
ti
Central Illinois
t
''
6556
,
Buff Nlag Elec 316s series
79
Dec
62 56
:--4
/>
AO
..
17% July
May
•
"
J
37%
Maj
7
\
-----
.
•
Bklyn Un Gas 1st cons g 5s—1945
M N
1st lien A ref 6s series A.... 1917
J D
:i Debenture gold 5s
1950
M N
1-<t lien A ref 3s series B. if. 1957
F A
Buffalo Gen Elec 416s B
1!I81
"
2%Mar ii
5% Feb 24
Jan 2
4% Jan:
57
85
.—-•
11% Nov
,12% Maj
65
Dec
""
21% Fio 18
176
6054
A
A
AfN
Ap
75
41
«
6116
I
B
Jan
10%
1 1)3(
33
,
Apr
20% Sept
2;)% Jan
Dec
21*
Aug
M Aug
23%
1)3
;12%
July
6%
Feb
Sepi
•«
Sept
30% Aqg.
18% J m
Anr
;
ev; D3
5
7% Jan 20
6
6056
2
Jaju
"'28%
Fee
0% l)e
:r;
82% Jan 23
:
10
'
10356
J
J
J«i33
73
M
|
7
Baltimore A Ohio RR—
Sept
Oct
11%
6'4 Apr
109% July
5
63
MarJl
ar 21
"as Feb 21
51
49
Jau
h
9556 100
100
104
07)4
10356
96
.1043
v
I
5
33
.I960
6
1
20% Jani2
24% Mar 2 7
10% Mar 12
13% Jan ' 5
%« Feb 16
78 Jan 7
\'
«4 Jan 2
1% Jan 8
20
Apr 10 Vi'35% Jan 23
32% Jan 23
18% Ma-28
29
32 « Mar 3
J^n 2
207s Apr 19
26% Fib 18
49
MrU 16
41% Jan 6
Mar23
10/% Feb 16 111
13% Apr
3054
25%
:
•••
1st A ref 5s scries C..,
20 <Julp
Jan 21
15
Co. —-50
*5
1
*JI6
1
.
I—No par
"24
2h
5
25'i
■K
.
141
3614
,17
32 „i k: 8
40
3J56
Belvidere Del coas 3V$s.-
47%
Dei
3
3% Jan 13
Marl!
No par
Bid?—No par
l.N% par
27% Jan
115
Service....1
{Erie RR common w
■
78.
-—100
preferred...
Equitable Office
2,200
2.133
*h«
4
3
.50
2% Jan
$")A preferred..—No par
$6 preferred.
..No par
'
5%
5's
%;>
5
5i4
5's
$5
100
•
Gas—
Johnsoa Corp—
Engineers Public
4)3
P4
*1%
"
,
5%
33%
~*2%
1
51%
%
6
5%
78
51%
*%«
%
6
*184
preferred. ——---No par
—------No par
Storage Battery..-No par
5% preferred..
"""<30
'-i
*50%
184
-—-"
$6 preferred
19
•
111%
- - -
Ind Am shares..
Electric Power A Light. No par
Elec A Mus
1,703
1,1)3
1
2
3 2'-2
22%
1414
"15
vl)i.t
321-
903
1
*21
29
"
23%
*1314
234
-11%
11%
&8
12%
172
*!3
2314
It'i
Airlines
Eastern
5.400
13%
-
■
172
14
*13%
V
19
♦2?8
117% 119%
*179
28%
28%
19%
.v:- 3
8
1171, 118%
"170
28%
28%
3
*3
3%
•
3556
32
3s--—-.1953^1 8
Calironla-Orcgon Power 4s--. 1966
18%
18%
*3
73
36
Mar
Feb
14%
3
Jan
ar
68 56
I
x3'4, Der
59% Dee
6'
3r yi 11 % Sept
Feb
M
43
j *4454
29
21
8
U3
70
3a,. .1989
3t$s..-. 1951
or Pa 5s series B— .1948
12'
111
.
68H
Bell Telep
13
lll%Mar
Duquesne Light
330
77 «
66 56
987 6
6814
Battle Cr A Stur 1st gu
9
xl8^ Fib 26
8% Jan
32% Jan
83%
94 56
Beech Creek ext 1st g
42%
20% Jan 28
Apr
Feb
80
6254
30
Aug
•
9%
85
163
0816
10% Sept
4% Jan 27
19
-
8156
64 A
981%
6214
98 A
00
% Jan 27
19
Feb 13
\%j Jan
80'"
62!4
29% Jan
Fib 27
2
14 % Apr
8114
•80;. Dec
8
3% "Jan
?
10316
10316
./
P
-1964 J P
10054 10!'6
104 '
101
10216
Dsr
,
I''
{.
1 1945 MJf
LA Ncrillgold Is...-—Oct 1952'MN
AtK-tlo A Dan {st g 4s—1918 J )J
Second mortgage 4s.
..1918 J J
Atl Gulf A W I SS coil tr
I
•
*102
10-year ooll tr 5s—-May
Atlantic Refining deb
|
111
10954
*108
1st 30-year 5sseries B..1.ii,.*l944 J
a
tiaCoast 1st cons 4s July 1952 M
Atl
9756 99 <4
103 56 105
110J6 112
20
110)4
10956
J
Jm
45
5
29
110
M S
!
Dec
-
J.in
Dec
<
8%
24i,i Jan 14
Now 120% Ap; O
$4.50 preferred
Jan
Jan
7
'
j
111
24 •; Dec
3
8% Jan
,
18
li)%Mar .5
Dunhill
Duplan
703
110
.
10416
104 A
111
1944jJ
Atl ACharlA L-lst 4 tie A.
Jan
25;
16
11% Jan 19
,
10
Mar 12
19
Diamond T Motor
2)0
'
6% Apr
Fib
102
*9954
D
16% Jab
13%: Dec
,
3% Jan 10
16
Mar 16
102
-
18%
33
131O
80
*70
•
•
—
1,70)
17'4
171.4
7
9% Apr 9
15% Jan
5%
8%
33%
13%
8%
8%
*3'8
13*2
11,0))
Stores Corp
Car Go..-2
Distil Corp-Seagr's Ltd. No par
5% pref with warrants. .10.)
Dixie-Vortex Co.Na par
CUss A..1
-----No par
Doehler Die Casting Co No par
Dome Mines Ltd——..No par
Douglas Aircraft.
No par
33
113% 114
115
603
77 >8
122
122%
400
9
77-8
102
*8
8%
119% *111
111% *114
34%
19 Ts
62«4
15i2
4
*33U
35
*
15%
119% *111
570
90)
«'8
17
"
*111
m
23
0'8
18 '2
1S'2
*9'« -9^
9%
Mis
*49%
•
73's
8i2
3 >'2
35%
19
18%
0%
0'8
15
17%
*10S
*7 5'2
♦8's
*
9%
14%
20:8
)«4
34
9'8
9's
1,30)
2.40)
31
*1.7
19%
i.'
»5„
15's
17*4
14'8
♦9
i'
--
3%
3 2
*4
800
L-Lr
8'g
8 >8
3-k
18
4,70)
11
u,_
13
5,20)
23«4
*10%
8'8
15
14'8
90
>
2T-
*28
*'4
.
40)
,
6%
6*8
20.8
3'K
37s
*i4
preferred.-a-.-25
Davison Chemical "Go (Tho) -1
Davton Pow
Lt 4tS% Pf -100
Decca Records luc
-1
Dcre A Co.:
i.-fc-.N® t>ar
Pra rerred
a---.;
20
Dc sel-Wemmer -Gilbert
40
DeU.vare & Hudio.i
--100
Delaware Lack &,Western..50
t De iv & R O West 6% Pf-100
Detroit Edison..
<.-—20
Devoe & Raynol Is A-.Na par
Diamond Match. . — —Nr> par
6% partlc preferred.-- — -25
.
;
11
8-8
354
Davega
13)
Comv
4
2% Apr
49)
3
*27«
*1D4 17 s
*9U
193"
103
■6h
21%
23%
<^•6%
*34%
17
84
*8%
7
22
9
17
*73%
6'4
217s
33%
"
17
103
2)
9%
9%
9ig
9i8
103
13%
*18%
19
3
*278
17%
*14»4
.0U9'4
103-v 103 •
17.1s
*14',!
102
102
102
All Krtox A Nor lets 5s.— .1916 J
Beneficial Indus Loan
3
*278
17%'
*9%
9%
"105
107
6%
6%
22%
22%
*27%
28%
*10%
11
8%
8%
3%:
3%
*%
n
14%
15
*14%
*9% ; 9%
*101
3
*2%
15%
101A
10!
'vrij:
i..
.
9 IK
•
— .
Traps-Con Sliort L 1st 4s—. 1958
Cal-Arlz ?lst & te( 4^s A—-1962
j
.
91
4h of 1910.
i960
Rocky M;tn f)iv 1st 4s—.,..1965
Beth Steel 3 As conv
16
"91"
Conv 4s of 1905 —.-.-—.-1955
Conv gold
92
*9054
Nov
M N
*1955
Conv gold 4s of 1909k,
i
•
2%
101
10956
Nov
Sent
D3»
40
67
6254
100
100
64
6354
*99%
107
34
10814
D
*14%
9%
~h]*4
106
'
109
Sept
Dec
•%
.'
17% Jan 14
44
36
36
108
87*
01JT1071
O
195
Adjustment gold 4s.
Jan
77
Dc:
12% Dec
98Dec
25% Jan 12
83% Mar25
48% Mar 19
13 % Mar
f----!
Cushman's Sans Inc 7% pf-190
$8 preferred....... -No par
Cutler-Hammer Inc.-.No par
Class
a
7%Mar
Curtlss-Wrlght—J
-
4
Mar
15
,8
i
•
(The)...No par)
88 A
106
1/ S
10356 108
*:■ TO*#
*103
88 A
106
A
General
Jin
47%
08%'
13%
8%
127%
AtVyFeb
7
MarlO
13% Jan 14.
13
Mar H 3 15% Jan 7
93
Feb 18
93 ' Jan 26
1Jjj Jan 2
Apr 44.
10
--.30:
6
Co
preferred.-------190
44%
Curtis Pub Co
80
*33%
15
*33%
14%
4
7,800
40
34
*54%:%:^
...
11%
•:
■16%
15%
17
21%
44
%
V
*15%
7%'
*
14%
*.92
97%
*16
10%
10%
*14
«4
22%
89
*51%
*U»2
*1334
*92
"1
17%
*83%
*51 '2
—
14
;
j
128
■vStamped Is.——..1905
.
"
107 A
,
13% Jari 11
'83-Feb
Die
.
197)4
10554 108 H
106
109%
Atchison Topeka A Santa Fe—
Get
8
35
10456 106
Jan
-Jan
107
107 A
104
Jan
D3.'
15
D
10616
July
38%
.1
106)4
Jan
.4%
K
10556
10 5 56
19% Ja»
Mar 17
108
48
10354
107 .' Jan
/19
101^
10754
10616
Jab
%
.
Der
5
96
()
10614
'4%; Jaft
10«2
79% Jan
2
74 % Jan
182%
•
4 Dec
-
10
rk
A
1984
f 48 ser O (Del)...
52% Jan
ir54 "AjDep
,•88 ' De
117s Jan 20
83% Jan 15
,36 yJan ; 3
Jan 16
120
100
preferred. -
83
10
5
41
10% Jan 10
77%M*r20
29 4 M tr '6
72% Mar 27
10% Jan (5
6% Apr 19
*30
83
*30
par
—5
Cuba RR 6%
6
19u Feb
3!
par
Crucible Steel of
3,lDiO
•6%
7
120%
120% *123
7
w..No
Apr
Dec
,11
38
9756
J
8
56%. Sept
Mar
27«
5
Jan
8
16% Jan 2
Mar27
par
Jan
18% J in
14V Jab 12:
6% Jan 12
par
Dec
J%
170
95% Jan
2
12% Jau
Corp...
$5catiV preferred.. :.N ?
1,130
73
11
7%
$2.25canv pref w
Crown Zelljrbacti
•270
*11-.
73
12 '
No
Seal.-,-N7
(The)
Crown Cork &
200
11
30 ...v 30;.
74%
•
Crosley Corp
1,190
73
3 4%
19*4
83 ' *73
■*7p.
7%
*394
*11%
7t4
•
Cream of Wheat
*35%
85
4
12% Mar 12
9
Crane Co 5% conv
1)0
4
-
107
A
23%
1)3?
Feb 11
14
89% Apr
pref—-100
Corp4The).2
203
44%
•
'
-•
27%; Noy
Apr
28%
9'
Jan 21
3-yJah
8
Apr
Crane Co
99
11,-s
39%
*74%
31%
.
*30
81
1,099
-i—------J
v
D
,r'48;KDec
33% Jan 26.
',55% Jau
171
10356
97
10256 101 j
10556 108
69%
5954
10154 104%
23|
•18
J
1st
Sept
45% Sept
4% Jin
Feb
15'j
9%
r.
5
51% Jan 30
2% Fib 16
Coty Intermit Corp .«- -v—
*1}
31
10%
Coty Inc.-.-
*7
.17
*32%
700
1978 Jan. 3,
Mar 1-3
10
:M7%-Feb
-Jan 16
12% Jan
164
Preferred.
>
200
%
13V
12%
;9<)
.
lt% -*13*2
*13
17%
17%
1?%'
;
Corn Products
250
24
25% Mar 2'3
44% Apr 9
Jan
8
Co. -20
Refilling-----^
Corn Exch Ban* Trust
6,0.39
3% Jan 16
;
9% M ir 11
45
35%
2%
•
Ja&.
40%
Dec
6%. Feb
.
12
3 8 Feb 16
14 >8 M w 23
17-8 Apr 4
Del-^—--<5
Continental 3te<3 C »rp No Par
Capperweld Steel Co..-----a
:.V Conv pref 5% series..---,50
21%
27% Jan 20
8% Jan 15
42
Jan
7
33 %M sr
Continental Oil of
480
*"»
*121*
,
3
-3
...
%
*lij'j
.
400
.41% 44%
135.:135
.
.
165
165
2% -' -2%
v
%
h
104
28
.
19
*9%
*13
43%
41%
v
167% *162-- 167 %
*2%
•V
28%
461-
43%
167%
48
Hi.
48%
Coatfnental M)tors.,.—'
5.730
100
*17%
10.,
10
40
13-8
18%
*1714-10..
900
Continental Diamond Flnre-5
Continental 1 isiirauce;. .$'2.50
-
3%
3 4
227sM»r 30
7%.Mar 111
---2^
lie
7.600
3?%
34%
18-g
19%
900
'■
*7 2
3%
3%.
19
28%
4 5'8
4314
1671, 137%
3
3 *
®8
*34%
Ills
47i2
29
28%
46'?
♦167'4 168
3
3
-
47-2
*46
;
35
35
a
3% A 3%
19%
18%
■
r
11
23
43'4
19
19
47t?
29
-
19I4
35
>■>
3%
*17-14
97«
*46
35
3'2
318
19
7v
7%
23%! 23%
23%
8... r
33..
23%
7'«
23%
24%
71-
7%
36
35
"3*
3'2
7'2
*718
35
35
21%
High
Armour A Co (Del) 4s,B———1955 F
16% July
2%
103 A
1956 MS
Br A Terra os
Mem
106% Jari
3% Jaa35
103 2 Jan .2 h
—..--.{066
conv deb
Ark A
July
.3% Jan
6% May
9% Nov
278'Feb
'
6514
10756
0756
Mln deb 44s.. 1950
•Anglo-Chileau Nitrate deb... 1967 Jail
{Ann Arbor l*t g hJ-—...
1995 Q ./
11
?96%' Jan 15
13% Jan 3
.7
'Feb 1.7
10356
107)4
op
'
r
103 J4
J
Am Type Founders conv deb.. 1950 J
Am .Wat Wk8 & Elec 6s ser A.. 1975 M N
A
O
Anaconda t
Jan
Mar. 26
31
85% Apr
12
%
-
1
Nij.i7.ow
•"
.-—--1961
debentures
3s debentures
3s
8% July
;Dcc
.
Jan
23%
%':'D-5i
5
3 Ab
7% July
30
July
Jan 21
22
Jan.
High
Low
5J^s.,.1949
Afnerican "llelep A 'Feleg—
tfiii
107% Jan
1% July
-'. Dec
2% Jan 3'J
4'8 Jan
-07%
103*
Die
x82
3
6% Jan
Contal ierG»rp
84
*81
•
Jan
Dec
Jan 16
»'16 Jan 7
4% Mir 11
of Americi.25
Continental B ik Co ..'.No mr
8% preferred----«N''
690
May
4%
11%
7% Ja'h 14
Feb, .4
?
JaM
18% Aug
23% Dec
15%.Jan
r
Dec
-
l
-
4
Dec
77
00
,
94.
2
JJ'^Jan
1% Jan
f; 9%
14-
9
,%»Mar 27
Apr
Since
Asked
A
I
Jan
30%
>v
Dec
18% .Dr
Mit'll
90
Range
'*•
Friday's
Bid
Price.
65% July
De."
* Dec
;
13%
-«97VFeb| "8
5% Ape I)
ll%Mar 11
78
■
tries Cirp.w..->71
Oil Cam.No fa
Cansol RRof C ib»6% pf-199
Ca-ts alid ulon. Coal Co. - - u j
5% ooiv areferred
.W
Co lsumers Paw 3 4.50 of No *a>
1,500
.
2
84
-
Jan 16
Range or
V"
Sale
«S
1,0
Allied Stores Corp 4J^s debs..1951 F A
AHl8-Chaliners Mfg conv 4s..*.1952 M S
Am A Foreign Pow deb 5s..-.2030 M S
Amer I O Chera conv 53jjB.—.1949 .WN
J
J
Am internat Corp oonv
Jan
i'i«
y'2% N
16% Jan 13
Mar 11
Cow. lid at ad
69.9
-
13
2%.
■
83
90
Co 1801T.M11
7.5)0
5%
85'-
121,
*2%
*31
2%
"""iio
2
5%
23
'*32
•i
7%
*7%
.
3% Jan
y
2 Fob 10
21% Mar. 25
9% Fab 16 •,;ll% Fib 2t
$5
130
%
*U4
2. 5
7%
5
85%
13'-
:•
*7i«
S3
30
ir
20
16
>
Cansol B'llson of N
1,703
...
Last
I?
EXCHANGE
STOCK
Week Eudcd Abdl
11% July
Dec'
6
Mar
104%, Git
37% Jai|
De7'
•
23% Jan
gi4 Apr
Consol
6,490
J
5%
*13«4
*83
44% Jan
1
7%
.'
8
:
28%, Aug
r
19% Die
100 4-Deo
7
"«2 Jan
13
Conpermlnes Carp...5
Y-~No par
preterrc3--------No pa
Coisol Kiln industries
'
$2 p vrtlonreterred.i-No Pf
5%
2
8 5'2
*84
Dei
r
July
Oct
7%
D9-
96
83
1
Anr
16%
5
..
Mar;27
27
2D|
-0V.Jan.10
2
•18% Apr
preferred.-i 100
prior
6
73%
8
5
'
11%
*1%
28is
130
■
5%
*7%
5'x
28
514
28
590.
n
90
11%
8
*713
5%
83
7.3%
2
5
5.590
u%
73
;
*7i«
1?8
5
:*5i2
Feb
-.
103% MAr;
Mir30
aie Jan
N*lrn Inc.No W
Cansol Aircraft Carp...
1
Ca isalidited Ul?ar.-,-No w
7% )referreJ--u--..---100
79%
%
1134 •Hi%
79
5,700
-
90
6%
14%
79
19
81
*1?8
8
7U
25
2
100%"Mar 17
Co lgnleim
.91%
90
5%
51,
399
81
*36
1134
11 »4
»
*'u
H
19
19%
'
19%
:
400
*214
*1.3%
s>4
79
78 V
•8.
28
*5%
12
7 8'2
10%
88
93"
2'-
14 "
13% 19
*10
:-io%
IS^I
2%
19% ..19%
*8.<P4
7314
-
21, ,;-2%
14%
14
*10"h
'
1,909
;
Jan IC
8
4% Ma y
18% Feb" . 5
109
Feb-26
16 % M tr 1 4
20% Jan
Commonwealth E lLson Co.25
Conde Nast Pab lnc--.No >ai
19%
18%
VTo
*93
178
•
191,
*2%
94
*7i».
;
181.,
88
*7
23
8
'■
Dec
64
6% Mar 21
27, Mar 19
I
*93
6
42,333
J4
%a
...
27%
23%
23%
291;
*83'4
1H4
■
28%
91
*78?4
:%
'as
'4
29%
8S«2
•
*86l2
*93°
5
hi
29'4
ifl,
212
*21,
2»2
14t2 *13V:. 14ts
19'?
13*8
1014
19'' I91s lTn
*1334
V
'
-
29
23
19 1
*2U
*10
hi
'.1
2S'2
%
28i2
Jan
94
*4% oonv ireferred.-w.l00
Comm'I Invest Trust..No -»ar
$4.25conv pf ser '35.No oar
Commercial Solvents.-No pa>
Commonw 1th & Smi-.Nn vat
$6 preferred series. ..No pa4
22%
23
22%
*10)'2 102' i *io)i?1021.1 *1091- 10914 *19)'? 192% *100'- 104% *100% 10!%'
8
8%
&%:
8%
8%
8%
81.,
8.'!
8*4
8«4
8<-, Z. 8%
2^8
2 V>s
22'>s
Y.
J pfcr share $ per share
,
72.Jan 29
2
24
^.-10
Commercial Credit
S per share
5% Jan
S2.75 oonv oreforred.No phr
'
97%
*93
Lowest
Highest;
$ per share
.4
Ma-16
J-^ Par
Shares
!
2
27
17%
17%
17%
.97%.
*93
Lowest
5
*25%
27
17%
17%
9714
23%
17%
*93
N.
,
i
Highest \
;
61
5%
Year limy...
.....
Railroad & Indus. Cos. (C6n.)
share
ver
*59 '
6%
*5'2
*25%
27
*26
S
61
5H4
6
bonds
Range for Previous
-
lOO-Share Lots
.
Week
19
A mil
9
$ ver share
sharp
ver
62
18%
07%
23%
17V
*93
.4 mil
8
*59
6'4?
*6
27
17*8
*25'?
27
17S)
97-g
*25%
A mil
$ ver share
60
*6
0
6
7
A mil
opt share
$
share
ver
*58'a
Til 6
A
On Basis of
YORK STOCK
; ^EXCHANGE;-■
the
Friday
Thursday
Wednesda /
Tuesday
Ranye Since Jan. I •
STflPICS
NEW
for
1
.-.m
20
10736 <1 3
1254 19 54
13%
14,
107 ,-107%
Volume 155
Number .-4063
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
Friday
BONDS
.
N. Y. STOCK
Last
EXCHANGE
Price
Railroad & Indus. Cos."
{Con.)
Cent Pac 1st ref gu gold 4s...
1949 F
Through Short L 1st gu 4s. 1954 A
Bid
76 )4
f deb 4%h
(1935 Issue).
87
♦Chicago
& Alton RR ref 3s..1949
3H% registered..
4s
128
126
'103%
J
118%
21%
*80
j"j
..
■
93%
A
75
26%
28
122%
67%
39%
*32
J
32
./
J
31
4s
50
17
37
36
A
15%
2%
.1987 M N
36
7%
61%
\
f
33%
40
32
89
25
33
61
Vv''
'.;i
Chic A WC6t
34
A
50
23
18
50
25%
26%
27%
23
281
64
24
23%
14%
14
15%
2%
15%
2%
•
29
.....
40
40
*72
3">s
I.
17g
*1'14
590
5,700
93'ft
"""300
17
19
1S%
18%
4
-*3%
4
34
200
0% preferred series
34
130
#"'u
; »
Food
60
$7 conv preferred...No
par'
Francisco So rar Co
No par
1,200
33%
33%
1,366
17
33%
*16Vl
16%
100
86%
•85%
86%
110
•9)
16% Feb
99
Machinery Corp
Dec
12
19%
26
*2
*19 %
17s
178
*17S
2
7
7
90
3
6
Ma.'18
96% Jan 15
20
Jao.6
384
*9%
390
21*4 Feb
Mir 26
Feb 10
43
*1-9
19%
,8%
3%
3%
26.
9%
96
,10%
-
*3%
35g
52
*3%
3\
100
17%
1%
9%
5% Jan 13
3%
81ft
.
83
75
72 -•
711,,
121)2 12+ift
t34% m
3
3's
>s
"260
"20
124
*2
•
-2 is
■
43 4% Feb 21
105
4
10;4 Feb
3
41
Mar
7
MarlO
38s4 Jan 3
19
Jan 3
94% Jan 28
9%
55
47,
12
-
71
K
105)
24%
Gen Amer
2,200
28
Gen Amer
123
190
700
Feb
Feb
May
3)% May
18
Dee
93%
Doc
1%
Investors...No
2-% Feb
8 'i
1%
Dec
Apr
3
7%
15
Apr
Dee
21
Jan 20
3% Jan
5
7% Apr 1
10% Feb 20
4
Feb 13
104
Apr
8%
47%
Dee
Jan
4
Apr
101
5
Jan
Dec
2%
6
52% Jan 22
5% Jan 15
3% Apr 10
08 Mar 11
par
3
Jan
Apr
51
No par
2
11
234 Mar 17
634 Jan 23
preferred.....50
-
2%
7%
300
19,606
9,400
100
29,600
20
600
34%
21,600
1,100
20
2
2
"""766
i
.5
3
No par
4034 Feb 18
June
3
7%' Feb 19
4
122
General Electric Co
General Foods Corp... No
20
9
127
Ma;
2%
2
Dec
5'
33%
Feb
Jan
J an
83
Jan
3
70
Apr 81
122%Mar 30' 131% Feb 10
30
Jan
2
35-8Ma; 25
126
122
Jan 6
Apr 0
.No par
...
—.100
General Motors Corp.
10
$5 preferred..
.No par
Gen Outdoor Adv A... No
par
Common.......
Jan 20
112%
134 Jan 15
102
30
%
9
Jan
Jan
38
73% July
Dec
125
28%
Dec
Dec
121%
Jan
3
27%
Dec
3%'Jan
Mar 18
2
No par
116
i
Mar 31
17
Dec
2434
General Mills
5% preferred.
De
16
118
5
40% Jan
34Mar25'
Mar 25!
1
Dec
6% Dec
Feb
"1
112
61
Dec
73%
Jan 16
$4.50 preferred
No par
Gen Gas A Electric A.. No
par
$6 conv pref series A No
par
Dec
28-% Jan
Apif 0!
Mar 111
2584
par
2
Jan
Dec
115
0% Jan 14
90% Feb 4
.*23% Mar 12
No par
81% Apr
17% Jan
Dec
3%
Jan 20
334 Jan 15
3
Jan 28
2% Jan
_No par
cum
39%
4% Jan 16
119
0
Feb 10
preferred......100
General Cigar Inc
No par
7% preferred
100
160
122%
33'g
*17%
1
2
Class A
1 ?4lo
-132
18
88% Apr
3% Jan
1091ft Apr
par
200
71
1>41"
Transportation...5
General Baking............5
$8 preferred.
No
General Bronze Corp
General Cable Corp
200
81
70W
.71
n
'2%
600
1%
*70
l'24ift
*17%
20
*2
1.200
•
•1%
1%
84
$4 ; 34%
122% 122%
35%
,345s
3%
-26
26%
*11)% 115%
11)
*70
70
123
3%
-
1241o 1241.. *122
*17%
*3%
3%
109% 109%
111
25%
29%
11-5% xlj)
i 1%
1%
83
*74
-
70
;
16"s
D
E..1977 J
J
Cln Wab A M Dlv 1st 4s... 1991 J
*85
J
60%
50%
-
17
IU2
*41
i
47
.
14
•
0
3
Sept
:
!
70%
59
.1942 A
O
1942'A
1948 MN
Series D 3%s guar
1950 F A
1977 F A
Signal.r.Aro
6% preferred
"
105
100
26
200
16%
9%
800
400
"a-,
*24%
16%
l'.OOO
1
2
2
Jan
105
101% Mar 3
% Ma; 28
General
9-%,
11
par
1
Gen Realty A Utilities
$6 pref opt dlv series,.No
*®3j
Jan 16
st« Jan
23
i 27
Mar 11
Dec
x9-
Feb 24
98% June
% Nov
16% Apr
IV Pec
8% Dec
%« Jan 20
.
par
47ft Dec
105% May
%2 Nov
Jan 26
Refractories...No par
General Sbne Corp
1
Gen Steel Ctot $0
pref..No"par
15% Feb 19
8% Jan 2
70% Jan 2
191.1 Jan
5
10
7
79% Jan 19
46%
Jan
13%.Mar 30
10a4 Feb 11
20
16
Dec
_
72
71%
71%
650
137s
*13%
14
14
14%
11%
1(200
General Telephone
Corp...20
1.300
Gen Theatre
Eq Corp. .No par
Gen Time In3tru
Feb
59
*.
5
59
;
137„
'59
i *2.
*73%
•
*2
2H
.:
:
T
44%
53%
52%
70% 74%
104% 108%
43s
14
!
*55 .•;
2734
*275ft
24i2
17)4
*23H
17>8
23 >8
2314
2434
243.1
25
*678
27«4
241ft,
*23%
+17
17%
17
23%
23
2758
,
*4%
6%
27ift
•
13%
13
2
%
3,000
300
2%
*2
490
Gotham Hose
1%6
'..No
Preferred
62
Graham-Paige Motors
'8
11,300
"1%
4%
6%
1,200
100
Grand Union
*6-%
7
100
Granite City Steel
Grant (W T) Co.
07s
Granby Consol
w
Apr
9
12% Jan
2
2
44
%AIar
3
Jan
2
par
2
56
Jan
var
•
900
25
100
17
2,300
22%
22%
3,600
Great Northern
pref...No par
1,600
Great Western Sugar. .No
par
60
Feb
11
"Dec
35.
% Jan 30
2*8 Jan 29
8)
Feb 13
Dec
Deo
%e
Dec
2
Dec
80
Dec
8
60% Jan 20
54
14% Mar 25
69% Feb 7
I 2-% Jan 3
10
Dec
59
' Dec
Jan
7
Mar
6% Jan
1
June
25
June
Jan
6
1
Feb
2
%
5% Jan 9
734 Jan 12
8% Jan 14
3%
6%
3
2
Apr
Dec
07
2
2
6
,
'"5
Dec
Dec
Dec
Dec
10
Prop'..No
27
Feb 20
31
Jan 13
28
Dec
20
5% preferred
Gr Nor Iron Ore
6%
2% May
34% May
4% Dec
11%
% Jan
4% Jan
No par
28
4
Feb
Dec
Dec
Mar
15% Jan 14
x§$
1
17
Mar 17
9%
13
102
2
2
134 Jan 20
M S A P.....5
dlv ctfs.No par
H i
22«4
Jan
par
*27
22%
13
10% Jan
23%
17
2
15
7934 Jan 28
.60% Jan
.
;
,
/5S
par
27%
'
148% Jan
3734 Jan
C....100
*Qlo
"4
8% Feb 14
Apr
4
2
Jan
Feb'24
par
(Adolf)........
..j
Goebel Brewing Co..1
Il
Gold A Stock
Telegraph Co 100
Goodrich Co (B F)..u.No
par
13%
68%
700
3
*40% Mir 31
4% Apr 6
Gobei
5% preferredNo
Goodyear Tire A Rubb.No
$5 conv preferred..C.No
60
*55"
17
,17
4,300
conv preferred
4'ft
23%
•
.
15
400
110
50
(The)..r..No
6-%
678
27%
2734
24%
2%
85
68%
GUdden Co
4>{ %
1,500
67%
62
700
12% Jan 10
16% Jan 16
Mar 17
103% Jan 3
7% -Jan 12
5
5% Jan 20
65% Jan 27
..No par
..No par
$6 preferred
'900
41
2
60%
4%
*6%
1.900
4%
■
*58
\2
6%
7
Gillette Safety Razor. .No
par
conv preferredJ..No par
Giinbel Brothers
11%
14%
434
1,300
U
2%
5
6,200
58
*73%
11%
i;tm
34
'
67s
7.
,
*40%
85
*55
62
434
434
67%
62
13%
67%
21,
700
14
par
100
3%
U
14%
60%
13%
15%
*2
"
*7.3%
' 8
-
*51
42
!*«%s
*55
•
478
*)
2%
13%
-
y
Corp .No
6% preferred
General Tire A Rubber Co
43%
3%
*43
58
*40%
85
15%
*23%
,283«
24%
1714
■■
23
2%
62
*4%
*3«8
•*678
14
8
3%
14%- 14%
*"33
67%
;-'-8V ' *®4
'
.67s
7
11%
*13
8%
43«4
x5S
14%'
42
*60%
I
68%
2%
..." 34 h- 31
4*>s • :4^
*65s n6.78
*6'8 '.7 I
f *634
( 273.1
!
-14
;
*66 '
62 -v
21.1
,3i
4G
*638
44
14
15%
63
671$
2M
*55
62
h
,
I
85
47«
59
;• 2%
1
j8
I 3%
43%
*4%
37«
-
^40%
*735g
15%
1538
6018
*.)0%
;
*66
70
-
59
14%
42
*2-
2J4
153,8
6018
-13is
4?g
-
*41
85
8%
'45%
■
"
137s
*66
i;
2'8
*73 >8
;'
37« ;
45%
,
*14%
42
11%
14
*13%
"
5
»
11%
12%
14
Jan
23% Mar 31
15% Jan 2
25
Feb
3
23
Mar
par
17% Apr 2
25-a Feb 27
12-%
Dec
18%
Dec
o
Series C 3%s guar
par
lOc
72
*8
32
61
{
76
86
*59
Cleveland A Pittsburgh RR—
Series 1) 3%s guar
400
No
6*4 Jan 31
102% Apr 7
% Jan 3
12 -s Feb
5
4% Mar 13
...1
preferred.-
*103% 111% *108% 111% *108% lllift
>-3V '37s
*4514 •46
,
5'«
*401,1
21,,
85
147«
99%
86
107%
1)%
110
General Printing Ink
$6
Gen Public Service
Gen Railway
73%
81-1
8I.1
.
♦His ,141?
14lo
in:
G08%-
''461
1678
70%
106%
106%
4
■
*23> T
J
.
J
20
13%
*1178
*13%
12%
J3,
'32
-
i
170
>
334
,4r>s
'42
*2's
*78%
147S
;
112
99%
71
9%
*11%
*104.
5
?5
25
*16%
17
;9%-. 9%
26
500
200
°32
73
26%
106% 108%
110% 110%
102% 1026«
108% 109%
111
1 1%
110
i
.17.
*0%
14
1134
*13%
81?
45
.47s
'60
■
*58
|
99%
*
3«4
44%
47s
t
96%
36
50%
51%
51
1st coll tr g 4s.. 1990 MN
•17
9%
74t4
5
198
932
*104
5IC
*24%
JfUs
•14 ;
m
*8
81.,
8U
44U
99% 10)
89
,
*4%
106
109%
*932
11%
j
12%
110
516
1634
9lft
14
'7 It'¬ 7141
H
ll 14
1H2 *. 11J2
pi
,
94%
33
*1134
1
5
*106
'.12
*104
9
26
*3%
73%
l6"g
•9'ft
74i2 "75%
*13i2" 14*13%
*108%, llUft *1()8i2
96%
72%
12%
47s
5
109%
9S2
110
9.12
*24
16%
.f *55
72
5-
93|
1
26
5
--
11(P! *104
I4
*4's
10S'« 108% *106
*hi
*12 -
'
.*24
9%
74%
]
110%
99%
-' 5
5
12U
*104
1132
25
*73%
106% 108%
109%
Dec
2%
36
2-% Jan
4
Mar 11
18
Corp....5
conv
$0 preferred
39'
3%
2&8
2%
2%
8
8
*7-%
8%
*81
84% *81
81%
*18
13-% *18
18%
1 )"2%'*1?0
*120
122%
23% 237s
23%
24
2%
83
.
*108'2 1111;
'•'■J *532
si):
" no
25
47s
-
5u
' *'-l
j
54
99%
Jan
.May
8% Apr
Gainewell Co (The)
No par
Gar Wood
Industries Inc
1
5% preferred..
.10
Gay lord Container
100"
39%
358
3r'g
•
*3%
*2%
-3%
1%
j
124% 124%
3 Us
35%
123% 12334
*17% *19
-'2
2
*17't •19 i
16%
68
109%
Nov
33%
June
24
1% Jan 6
184 Jan 20
"560
31ft
*95
40%
111
111!
3%
2%
75
*38
.
124
a
*9%
47
*:....
99%
16% July
103
80
75
110%
Jan
Dec
21
77s Apr
40
1
6% preferred
5)i%
3'ft
IOO
40
401*
40%
*119
35s
21ft
*
lOUft
]
2%
108%
Jan
Jan
42%
Dec
Jan 21
116
1
5
30 <s Mar 19
Gabriel Co (The) cl A..No
par
Galr Co Inc
(Robert)
*51
3%
*95
2,400
8
*9
9%
*51
52
100
3i
*7
nn
9
.
*06
111
•.3%
871«
-
*39
5\
4
15%
16%
173
44%
-24%
Nov
18%
31% May
8% Dec
.90
Deo
16% Deo
32% Jan 5
12% Jan 26
32% Mar 16
16% Feb 9
85% Apr 10
'
19'ft
3
■*7
8
'
*51
40%
35s
2T»s
'
*8
12
64
43
»
Jan
Sept
105
Deo
2
100
5% conv preferred.
700
10
-
100
*119
*2ig
j.' Y *932
24%
507
96%
99%
share
45% Sept
13
12% Dec
Feb
Mar 27
1034 Jan
F'k'n-SlmonAOo inc 7% pf.100
Freeport Sulphur Co!
.10
Fruehauf Trailer Co
409
"1%
1%
]()
19%
20
3%
*7
4
40%
*3%
111
*82
2i«
;*i()4
18
2%
101%
16
•"
Dec
39% Feb
11% Apr
2 7% Mar 11
10
;
o%
m
31ft
19
•
i
29%
50
99
4%
8% Dec
34% Feb
3
Feb 19
03
Foster-Wheeler........... ioi
8G
f
1
3)% Mar 27
9% Jan 2
334
30
100
47
11
18% Apr 10
900
1)7
Jan 19
4184 Jan
•
3
13% Jan
89% Apr
Florshelm Shoe class A.No
par
Follansbee Steel Corp
,.^10
5% conv preferred100
11%
*77g
11
Feb 19
15
291ft
1)7
86
Jan
per
27% Sept
97% Jan
•'
11%
*41
8
Mar 12
No par
Y-n;.)
2% Apr
14% Dec
33
A... 100
I' lorence Stove
Co
4
7
•11
First National Stores..No
par
Fllntkote Co (The)
N» par
$4.50 preferred
No par
*)8%
47
178
*1%
*0%
Us
2
10
.
54
95%
A
...
Gen 4 %s series A
Geo A ref 4%s series B....1981 J.
Cleve Short Line 1st gu 4%s.l961 A
i
*104%
O
Union Term gu 5%s.._1972 A
lsts f 5sseries B guar...._.1973 A
1st
O
64%
Colo FikH A Iron gen s. f 5s..1943 F
♦5s income mtge.
1970 .4
Columbia G A 10 deb 5s.May
Debenture 5s__.__Apr 15
O
Debenture 5s
1952 UN
J
i
82
.
23%
89%
1st
ext 4s.. 1955 F
Edison
Conv debs
Conn
"82""
103"" 103%
1
82
22%
89%
23%
203
91
-88
9
94%
,87.-
81%
"toe""
107%
1958
107
110
107
V«7%
109
109.
;
s
103
1956
1958
f 5s
•-}
1951
J
J
J
J
1960 J
109%
i
102%
104%
104%
106%
103%
103%
102% 104
105
;
1st mtge 3%s....,4.:... 1967 MN
1st mtge 3%s_
197Q MA'
*81
*338
*07
104% 106%
104%
103
1st mtge 3%s..
1966 MN
1st mtge 3%8..J.._...;^.. 1969 MN
Crane Co2%ss f debs...
1950 A O
Crucible Steel 3%s s I debs.. 1955 J D
110%
105% 108
104
103
*1438
/
'
•:
5S
;
34%
*80!s
1VU23%
90
28
80
34%
90
108
7
107
109 H
2
*107%i
94
3
100 4
94
94
,
5
85
434
3,600
..u.,100
Apr 10
Mai 31
11
Feb 10
2%
2.500
2578
25'8
257s
500
8% preferred
..100
Gulf Mobile A Ohio RR No
par
$5 preferred
No par
2)0
Ilackensack Water..;
...25
7% preferred class A.....25
*25%
*23%
24%
*23%
24%
30
*29
30
*29
32
'
1
10
66%
2%
90
Apr
11
*»ift
400
52
2 634 Mar 31
par
*63%
234
3
24
Mar 28
136% Apr 10
5)4% conv preferred.!... 10
Grumman Aircraft Corp
1
Guantanamo Sugar
No par
3
2%
.3
Preferred
Green Bay A West
RR.L.100
Green (H b) Co
In©..A..-.i
Greyhound Corp (The)\Nb
65
65
6478
26-14
5138
i *')•%
*17
ll9
85
v
56 W
57
*3%
1%
47«
5212
52%
♦1411ft 154
.
,
29%
9%
*87g
91"
91ft
*97
100
99
99
99
141,
*120
14.%
1.30
*3%"' 4
82
81%
4%
*51. Y;
10
29%
100
.1%
i81%
1
9%
24%
99
4
*11% 12% *111^ 13%
58
' 59
*57% 59
129%- 129% *128% 129%
:3178 317« *31.
35
128%
3178 :3178
805s 80-58
•
pi,
*23
*97
82
i
"
5
*141% 154
12%
130
,*77%
82
478
*51
' *120
3%
;
100
100%
*14%
14r's
15%.
130
*81
5138
'
*87„
9%
10
*99
*138
"
12%
56
10
100,
3%
47g
.
*0"
1 100:
*J7%
:
*14Uft 154
317a
85
13io
*123.1
I
*11
13)2
1884
n; 7
*14
108% 109%
106)4
108'4
800
2% Mar 26
4834 Jan
..
28% Jan 27
143
52
Jau 14
1978
Jan
33% Jan
12% Feb
11% Mar
14% Jan
3% Jan 29
135
Dec
42
Apr
Mar
29% May
9% May
10% June
10%
Dec
Jan 30
1%
13
Feb
73
4
Jan 24
1%
Feb
9
Feb
2% Jan
2
20% Jan
2
29% Jan 24
23% Mar
29% Apr
6
25
Feb 11
2 334
33
Jan
5
33
10% Jau
10% Feb
106% Feb
6
Jan
82
:1<4
1%
81%
-
81%
,4%
4%
Hall
100
Hamilton Watoh Co...Nq par
9
"""so
6% preferred..
100
Hanna (M A) Co $5 pf.No par
Harbison-Walk Refrao,No par
99
c
14%
14lt
*120
100
500
4
1%
""260
88
*31"
20
1%
*81
85
434 "
2,500
300
43a
3,300
*51
50%
51
52%
141% 141% *141% 154
1)%
*118,1
12%
400
*11%
100
20
59
1,400
128% 129%' *127%'132
*30% 36 ' *30%
36
*81
*81
85
85
200
59
59
*57
70
10
95
Jan
2
Mar 11
Apr
9
14
Mar 39
2
7
Jan 29
Hat Corp of Amer class A...1
6 )$
8% Mar 16
...100 £126
6% preferred
130
*80
Printing Co......
%s preferred ........100
Hayes Mfg Corp
..2
Apr
3%Mar
80
1% Feb 19
•81
6
Jan 10
2
Jan 21
1% Jan o!
93% Jan 19
6 <8 Feb 19
25
Hecker Products
Corp
Helme (G W)
—
.1
25
50% Apr 10
57
Feb 11
100
141% Apr 9
158
Feb 28
Hercules Mqtors
No par
Hercules Powder......No par
11% Mar 23
6% cum preferred
100
4*4 Apr
£54
125
2
Mar 12
Feb
9
30% Mar
5
12% Feb 24
72
Doc
Dec
102
100
4% Feb
87
8%
7
16% Jan 19
146
Dec
Jan 17
Hazel-Atlas Glass Co
Preferred
Mar 11
104
Dec
Feb
-
8%
Jan
2
Dec
Dec
12*4
Jan
140
3% Dec
92 - Dec
108%
108% 110%
106
107%
107% 109%
99% 101%
92
94%
y
1434
*11319
?
26
;
;
9%
■
37
*997s. 105
*234
;
205s
33
in
37.
13%
13%
19%
*11
'•
*18 ; i
*3i,-:'
27g
31l2
*12»4
*11%
*18
85
*81
85
13G
13%
*i284
.*11%
•19lft
*18
187«
18
634
*6.
6%
13%
13%
*12%
'
6%
14
-,
6%
27,
*6%
ft
14%
*U3i2
f *32ss
i
*1234
*81
14
*113%
2778
*325S I 33 ;
9% :
914
,-Y 3034
3034
i 14%
*113%
2634
27%
33
33
26%
*32%
14%
....
27
33
9%
33
1011ft
9% Y- 91.1
9
36
36% 33%
*99ift 1Q1%, *100 -r 102% *100
*234
27«
234
234
2h; '2h
31% 32 J
32,
32
3178 32
.
.
r
For footnotes see page 1488.
*11%
*6%
*14%
"113%
25%
33
9
100
*13
13%
*11%
13%
18%
18%
300
*6%
6%
200
14%
14%
14%
1,700
26""
'113%
25%
*3234
7
33
9
*34
26
'101
8,400
33
9
35
34%
101
101
$4 conVpreferred....No par
.
200
34%
102
79
Marl3
12% Mar 11
Holland Furnace (Del)
Hollander A Sons (A)
14% Jan
Holly Sugar Corp
7% preferred
9
par
Hlnde A Dauch Paper Co...10
Hires Co (C E) The....;...l
13%
13%
18
Hershey Ciyrfcolate....No
1,100
800
100
10
5
No
Homestake Mining
12.50
Houdaille-Hershey cl A.No
Class
par
„....100
par
.No par
Household Finance....No par
5% preferred
2%
2%
2%
2%
1.500
Houston Oil of Texas v t
*31%
32%
32%
32%
1,200
Howe Sound Co
,
-r
11
6
Mar 21
Jan
2
6
14
Apr 6
111% Feb 27
22% Mar 21
June
5
Dec
50%
150
05%
96
Jan
July
Dec
12% Dec
27
Jan
8% Jan
,' 34% Apr
100
98% Mar 16
C..25I
2% AprlO
.5'
30% Mar
2
•33% Dec
99% June
12% Dec
13% Deo
5% Pec
9
£107%
Feb
Apr
3?% Feb
30% Dec
34
24
Jan 29
10% Jau29
Dec
7% Dec
44
Jan 20
36
Dec
105
Jan 26
100
Aug
„3% Jan 14
34% Feb 3
Jan
Sept
8% Sept
168
13% Jan
13% Jan
19
Apr 26
6% Feb 16
Apr
.
Dec
£123% May
Feb 20
96
Dec
10% Apr
129% Apr 7
40*4 Jan 5
102% Jan 12
18
3%
Dec
1%
76
34%
32%
*100
>
600
2434
*14%'
ID
*138
*81
47«
| *3034
23%
25
10,300
10%
11%
*26
9%
*120
3 34
82
*77%
'*12812
26
llO)i
111-1
10%
11
2634
100
15%
130
•
*358
y5*
? *51
52
Hit its" 154
! *1134 12%
105%
33%
33%
109%
106%
11%
11
10%
11%
3
*07
'
'
106
106%
32%
32%
82%
107M!
109)4
11%
*2%
3
80
28
"
*9»8'
,
100
101
*120
85
434
*0
107,%
U '%
m
641.1
; *9
9%
10
101 '
Uft
*!•%
109% 110%
1834
Consumers Power Co—
1st mtge 3%s.......... 1965 AfN
,
loin
130
3%
108% 109%
89%
32%
32%
32%
J
For footnotes see page 1489.
9%
15
*120
j
{♦Consol Ry non-oonv deb 4s 1954
♦Debenture 4s
1955
♦Debenture 4s__„v.
1956
31
30
9l2
10
' 100
*100
*77's'
109%
.
■
24%
60
23
27«
*2334
29%
"
.....
109%
1948
3%s debentures..
3%s debentures
2434
*105
1951
1961
3%s debentures........... 1946
Consol Oil conv deb 3%s
*23-%
32
:
r-
♦a
28%
Consol Edison of New York—
Consolidation Coal
*31
107 %
108% 110%
106% 109%
110%
,
100%
Ry A L 18t A ref 4%s. 1951
3%s debentures
2434
14%
110
*10%
24%
133% 137
*50'ft
H
*2384
*97
23%
23%
11%
10%
12
28
11%
10%
60
2
101%
*9%
23%
28%
lllft
*27
i
i
137%
*50%
28
"60
IDs
1058
12%
"
2'8
2438
137
140
*50%
2878
21% Jan
88
*110
1st 4s.. 1943
Stamped guar 4%s...i
Conn Rlv Pow s f 3%s A
2634
*137
60
24%
87% 102
92% 102
85
88
3
24%
i2438. 24%
140
,
*50%
287«
23%
15
;
107%
A
1968
3%s..'
A Pasump Riv
1*26,
-
'.11%
K)58
1214 mm
231
3
27s
63
63>2 63i2
'3
3 •
'278261ft :2034
2634
" 62
-
:
28.
1178
2 34
3
Co—
1st mtge 3%s series I.
Conn
*2-"'s
62
]
r
.28
li'l 41^
•105§ ' 1()58
117s
|
104'"
'
101s
lU'K
71%
*108
♦Commercial Mackay Corp—
Income deb w w.__.Apr 1 1969 May
Commonwealth
66%'
92%
87%
Columbus A Sou Ohio El 3J4s 1970 M A
Tol
66%
58%
64%
i
..
O
Columbus A
70%
65%
I *l03g
*
1952 A O
1961 /
Columbus A H V 1st ext g 4s. 1948 A
82%
83%
*105,
A
♦Colo A South 4%s series A.. 1980 UN
83%*
75%
70
70%
1977 A 0
1st gu 4s...... 1945 J D
77
81%
*50%' 60
60
l*27"t 28
f; We m
108
79
sf4%s series C.
Coal Itlver Ry
*52
108
2312'
] ;i434 ''25*
13912 139lft *137
13912
1
107%
*105
82
24-%
*137
108
*105
O
Cleve
f 23
*99 %
J
.
,101ft
19
:52
*358
I
3ift
73
r'*i7/
65%
53%
101
J
O
Cleve Cln Chic A St Louis Ry—
General g4s
...1993 J D
"
*334
*51
40
111
83
3'z.
J
4%s series B
17
33%
*16%
86%
88%
8
*3>s « 4
*96 n100
;
347« 35125
1*124
son
18%
16%
106%, 107%
A
Gea
*7
-•
I mi2 1241?
,
1969 F
1970 J
*90
17%
35
101ft
29 •*/• 29%
2.912 >2988 297s
29
-1151s *113
114's *113
115% *113
,:,i*
3.1
34
3-1
3-1
3
;
107
Clearfield A Mah 1st gu 5s.*..1943 J
Cleveland Klec Ilium 3s
*19%
:s>8
•
934
*3*1 ' 91 i
*51 n 52
-
Cln Un Term 1st gu 3 His D..1971 UN
A Impt 4^8 series
•93%
'
122%
S
Ref
*90
841ft
54
24%
St L Dlv
lllft
*41
«
65%
108%
110%
1993 J
11%
47
*31
I
{♦Choctaw Ok A Gulf con 5s. 1952 UN
General 5s series B
11%
300
Y;
4% Feb
18% Jan
87
Mar 12
9% Mar 30
Fidel Pben-Flre Ins N Y.$2.50
Fllenes (Wm) Sons Co-No par
Firestone Tire A Rubber... 10
_
*18%
*3%
84%
»S%
f
-53
1963
E
11
4
-8ift
75
Cincinnati Gas A*Elec 3j4a._1966 F A
1st mtge 3^8..J..........1967 J D
Cin Leb A Nor 1st con gu 4s. 1942 M N
ser
33%
19
*-*
f
2%
18%
26%
23%
15%
79
Indiana con 4s. 1952 J
3 His
33*i
"""90(")
2
77
*
1st A ref M 4J48 series D.. 1962 M
1st mtge gu
3 -,-S-
841ft
i *f5?)
24
23%
23%'
1%
1-9,14
3%
8
1934
2h
8i2
;
(*113
42
493
♦20
1943 .4
*39%
'-*10%
*80 n
;
%
3%js Herles F
89"%
931ft
1S»« 1912 *1888 19%
18%
*10
*120"' 122% *130
<S\'23h 125 " *19()f 125
24
24's
24«s
247s
24% 24'8
24'
?4%
26
2%
I960 M S
Childs Co deb 5s._._.
•
22%
1%
Chicago Union Station—
1st mtge 3?4» series E.... 1963
1st mtge
14
43
14%
13%
14%
1951
Dec. 1
3-'
'
1,900
15
33%
«')%
*86%
2
3934
20
31,,
3ig
r
i
32%
46
1951
6s
guar
>
*3
35%
36
67
1960 UN
Memphis Dlv 1st g 4s
23
21%
Chic T il A So'eastero 1st 5s. 1960
Income
200
9%
33%
*33
.17
341,1
17
88ift
•-*178
*H4
17s
11)
*7 v
3'»8«
3%
84G
34"
22%
21%
Chicago fit L A New Orleans 5s. .1951
-V'
23
17S
100
*2%
17%
3
44
20%
2
*1H2
*86%
881S
•
*93g
3\
*31r
24
125
34
20%
O
§ ♦Refunding gold 4s........
{♦.Secured 4Hs series A...; 1952 MA¬
.
2
20%
1988
!-
*9%
33
11%
90
IDs
'
'
*41
"35:
"
-
3'f:
llll2 11112
34
32%
22%
34%
27%, 33
20%
1934 A
Gold 3Hi8..'.
*8%
*14%
3% Jan
13% Mar 26
'
22
20%
4s ctfs registered....... 1988
•
14%
33H
*18%
*3%
47
35
2
834
388,i
20%
32%
40
♦Certificates of deposit...
w
8%
1%
702
30%
32%
33%
19
*41
*16'2 •17
52
*96
53-
21%
gen 4s.. 1988
♦Convg4^s.
38%
1)
{{♦Chicago Railways 1st 5s stpd
Aug 1940 25% part pd..!927 F
4s registered..
38%
40
41%
22%
♦1st A ref 4>{8 C-.May 1 2037 J D
♦Oonv 4*48 series A
...1949 MN
{♦Chic R I A Pac Ry
38%
160
17% 1102
47...
*36
51"
884
*51' ■?
3">8
f
18".
D
♦1st A ref g 5s..:...May 1 2037 J
♦1st A ref 4H«stpd May 1 2037 J
15
•
85
-
3's
*7
11
70
50%
50%
31%
30%
31%
32%
32%32%
"
32%
1936 /UN
37%
36%
32
32
*18%
4's n'.*3%: S/:4lg
35«4 -354i 35%
*41
914
19.%
1984
■
10%
50%
3
20
2's
87S
34
7%
30%
30%
_
.
33%
il 4%
90
i
.17
86
v
51%
48%
53
53%
2%
"32 ~
*Geu 4){s stpd Fed Inc tax 1987 MN
♦Gen 5s stpd Fed luc tax.. 1987 MN
♦4 His stamped_
i
1987 MN
_
Federated Dept Stores.No par
v
4)t % conv preferred.,..100
Ferro E tamel Corp
..1
Highest
"
38
32
4
48
15%
1987 MN
a p Fed lno tax. 1087 MN
{♦Secured 6 His
'i*83
33%
;*3'ft
-
*1'8
45
240
49%
49%
49,%
49%
50%
1987 MAT
registered
♦rftpd 4s
200
I
$ per share $
34%
67%
29
69%
47%
50%
tChlcago A North Western Ry—
♦General g 3J4s-.._.
1987 M N
♦General 4s..........
9%
•
^93! 2
-
590
$ per share
Lowest
123
61%
33
47%
1975 F
3 )4« registered
>130
34r'«
17
86
i
49
2000 A O
1
8934 1*39^4
34
33%
1 llg
1134
I lift
93'»
*1814
4'«
>4
*3412
*1812
72%
31%
24
10%
10%
69
♦Gen 4s series A...May 1 1989
♦Gen g 3Mp ser B.May 1 1989
♦Gen 4His series C .May 1 1989
♦Gen 4His series E.May. 1 1989
♦Gen 4^s series F.May 1 1989
K'.bie Mihv Ft Paul A Pae RR—
g 5s series A..
•Conv adj 5s
Jan
*33%
i
9%
•
{Chicago Milwaukee A St Paul—
♦Mtge
8934
33'i
-15
'-lGlg *: 10W *191.2:17*4
*41-47<
80
121
31
9
J
'
25
3
43
32%
9
J
221
35
*28
1/N
1966 J
B..May
122
1947 I
Chicago Ind A Sou 50-year 4s.. 1956
8934
V
79
*9%
.
It'lg il 438 i 1438
117S
1,900
13%
79
*13%
74
$ per share
-'.ny-:'n far
Year (1941} !
y:
Highest
Federal Motor Truck.,JVo par
*3%
14%
79-
3378
15
1434
*914
•3378
*8%.
.*3i2
.
*13%
79
4
On Basis of 109-Share Lots
Lowest
'
<)12
33% J- 337s
'
•
,
15
*34.
"77% "83%
69
37%
I
27
47
J
1947
*70
,
82
1947 I
A... 1966
*H«8
70
-91ft
91s
-4
151ft
v
10
'
147«
•
95%
92%
79%
37%
ser
Shares
4
*2H
89%
81% .85'
53
80%
71%
65
5e series
85
80%
70%
78%
65%
6s
87
•
26%
gen
$ ner share
4
35
35
35%
35% *34
35%
*38
29 '
291j> *28. • -2912 *38
28
28
29D
♦IMs
*1M«
11 s4
1114
1134 117s *11%
11%
11%
H7«
*1-28
130 .130
130
13212 *125
*125
*120
130
130
?
8
8i.>gu
Vs
8*8
i8~
s-%
*77«
85s
*18".*22"
91
J
1097 J
31
94%
*83
U*F
496
89%
89
Chicago A Erie 1st gold 5s
1982 /UN
Chicago Gt West 1st 4s ser A. 1988 J
J
♦Gen inc mtge 4^s..
J
2038 I
gen
4
R934
33't-
20
4"
*112%
20% ,20%
69%
78%
♦1st A
♦1st A
per share
.
M»4
;*76
v
$
41.,
<
*8 U
10%
"
*Wi
A
J*0100 Jnd A Louisv ref 6s..
♦Refunding g 5s series B._».
♦Refunding 4s series C..-_..
*1584
1
14i2
10l2 nilfg
*88 i
-•38." '9312
100% 104
$ per share
147«
331^
$ per share
April 8
4i8
•' 79
•
April 10
Week
April 7
^S4
31
«0
33i«
lOlg
:>
91ft
15
14'2« 14'ji
*8934
128%
101
-
*8i2
••
102% 103%
102%
102%
14
April 0
Range for Previous
EXCHANGE
Thursday
4
*76'
,
9%
33%
331.1
t
*121
O
1st & ref 4^s series B------1977 F
1st & ref 5s series A........1971 F
Chicago A Eastern 111 RR—
♦Gen mtge Inc (oonv)
*
128
102%
...1949
...1958
87%
80%
.
*114 >
104% 10.5%
102%
10294
102%
registered..........1949
General 4r._
*77
the
Wednesd&j
yr.
J
A
..1949
103%
58%
92%
A'"'
1
Rame Since Jan. 1
NEW YORK STOCK
Friday
Tuesday
6
4
4l«
414
•131ft nit;
•7.')
;
I per share
72%.
•
78
35
87%
A mil
$ per share
77%
49%
'
J
Chic Burl & Q—111 Dlv
3ho-1949 J
Illinois Division 4s...
68
1
259
104%
/
Monday
April 4
Jttgli
' V.
■
68
9
86%
Saturday
■
J
1989 J
1989 J
con g 4s
2d consol gold 4s
72
58%
01
104%
*102%
.1950 MS
1946 J
158
:.'1 <5 rnpKQ
Sales
for
Since
Jan. T
No. Low
56%
LOW AND HIGH SALE PRICES
Range
■
77%
01
.1950 M S
Chesapeake <fc Ohio Ry—
N
General gold 4%is
1992 M S
Ref & linpt mtge 3^s D
1996 MN
Ref A lrnpt M 3 His ser E... 1996 F A
j
j
High
72
*57)4
NEW YORK STOCK RECORD
i
-
| gS
Asked, Ǥ<?
76
0
8 f deb 4i%s (1938
Issue).
R A A Dlv 1st
&
Imw
A
Guaranteed g 5s
I.,... 19(10 F A
Central RR & Bink'g of Ga 5s. 1942 .UN
Certaln-teed Prod 5V$s A
1948 U S
Champion Paper & Fibre—
Potts Creek Br 1st 4s
Range or
Friday's
•
Sale.
Week Ended April 10
H
Week's
r
1483
2%
Dec
2tt%
Apr
10%
Jan
80% July
132%
56%
115
Oct
Jan
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday,-April 13, 1942
NEW
NEW YORK STOCK RECORD
YORK
BOND RECORD
Week's
Friday
i
LOW AND HJGH sALE PRICES
.
STOCKS
v
Monday
Saturday
Tuesday
April 6
April 4
Wednesday |
Arril 8
I
April 7
Thursday
April 9
PONDS
Rame for Previous
•
:
N.
Year (1941)
Y.
:
Lowest
10
v
Shares
Lowest
Highest
r,8
Manhattan....100
100
Sin LtdNo par
Motor Car
No par
3^8
5% preferred
i
Hud Bay Mln &
Price
\
Range
Range
or
•'Friday's ;'■>
Bid
<fc
Since
Jan. 1'
Asked
: Railroad & Indus. Cos. (Con.)
♦Cuba Nor Ry 1st 5Ms....-,..1942
: 'Deposit receipts
j
hi
Jan
♦Cuba RR 1st 5s g—
217g Sept
478
:'J- <
1
JHupp Motor Car Corp
Sale'
Highest
$ per -share
>Par
•Hudson <fc
Hudson
Last
-
STOCK EXCHANGE
Week Ended April 10
EXCHANGE
Friday
April
-Range Since Jan-. 1
>,
On basis of 100-.S7iar« Lots
NEW YORK STOCK
S4
1952
^Deposit receipts..:
♦7 Ma scrieH A extended to 1946
Jan
Jan
,L
♦Depcslt receipts
♦6s
series
B extended, to
1946
♦Deposit receipts.. i ^ i. i
Curtis Publishing Co 3s deb...1955
6% preferred
1434 Jau
1078
1078
8
*23
*77
*155
*6014
lOU
24
Interchemical Corp
123
43
10
Jan
74'2 Feb
7
0"»8 Feb
ws
I
43io
par
par
pdr
100
Mar 20
1647«Mar 12
{♦OomoI gold 4MS.j---l-1936
t'Denv & R G W
iL60»a Feb18
J
Int
% Jan
Hydro-Elec Sys class A.25
Int Mercantile
New.:....—
5
100
100
Prior
preferred....
48
7
2
Corp
1
Canada..No par
Jan
Apr
8
Internat'l Mining
Int Nickel of
|
7% preferred
2712 Jan
Interstate Dept
.>-1995
1961
Chemicaldel>2Ms——-->-1950
DuIMIssA Ir Range Ry 3 Ms.:. 1962
♦Second gold 4s.
Dow
itS'Dul Sou Shore A Atl g 5s..-. 1937
Duquesne Light 1st M 3 Ms
H2
Jan
2
2
Jan
2
32
39
; East Ry Minn Nor Div 1st 4s.. 1948
100
838 Jan
Ed El 111 (NY) 1st corns g
Elec Auto-Lite 2 M 8 debs——.1950
1
Elgin Joliet & East Ry 3 Ms
95
El Paso & S W 1st 5s
Jan 12
1965
;
.1st cons M 4 *{s series
-
,
A.... 1957
—1995
4Ms series A.2015
1st cons M 4s series B—
4
♦Gen mtge Inc
♦N Y & Erie RR ext 1st 4s
5*8 Jan 2
Apr 4
Apr. 4
5434 Feb 10
1
Jarvls (W B) Co...
20
No par
95
100
4M% preferred
No par
-.100
Johns Manville
Preferred
122
100
5% pref series A
4
5
Fairbanks Morse deb 4s
Firestone Tire & Rub
Jan
Mar 311
67
5% pref series B conv.. 100
>
1
83s Apr
797g Jan
7
11-
3
Jan 20
IFonda Johns & Glover ItR—
■
Kalamazoo Stove & Furn...10
5
Feb 10
L pf ser B No par
Southern.No par
4% preferred..
— .100
Kaufmann Dept Stores
1
117
Mar 17
Kan City P &
234 Jan
Kansas City
5% conv preferred
100
Kayser (J) & Co
5
Kelth-Albee-Orpheum pf—100
16i2 Jan
Mar 28
8
94'2 Apr
7
Jan
7i2Mar 31
120U Mar 3
2 j
'
2
1
7
4-84 Jan 27
22
,
cl A.l
--1
4% Jan
9
7U Apr
pt' pf A. .No par
KennecottCopper...r.No par
10U2Mar
5
IO514 Jan 20
Co. No par
Kimberly-Clark—
No par
Kinney (G R) Co..J
1
$5 prior preferred-..No par
Kresge (S S) Co
10
Kresge Dept Stores...!
1
Kress (S H) & Co.
No par
Kroger Grocery & Bak.No par
1134 Apr
Kelsey Hayes Wh'l conv
Class B
Kendall Co 35
Keystone Steel & W
;i9 >8
.
•
6'8
95
3
Mar 11
31
9
27'2 Jan 24
134 Jan 5
33
Jan 9
17
Mai' 31
-
127s Mar 16
v
Jan
5
78 M
las & El of Berg Co cons g 5s.. 1949
len Steel Castlugs 5M» w w.,1949
*Georgla & Ala Ry 5s...Oct 1 1945
f) §*Ga Caro & Nor 1st ext 6s—1934
,
1;
Dec
3038
it lotham
Dec
ll»» Dec
25 *
Dec
1.961 J
GreatNorthern4)i8.ser A
General 5 Hsseries B—....1952 7
Dec
Feb
21
Dec
f
-.278
Feb
f General 4)^s series D_..j-.1976 J
3 >8 Jan 19
1984 Apr 9
27
Jan
2
29>2 Jan
5
lfig
J
i
Gen
'Green Bay & West deb ctfs
i
Feb 20
19i2
23<8 Jan
'*106-3s 112
y
Gulf States
..1944
15'Housatonic Ry cons g 5s—1937
debs
...195*
Hudson Coal 1st sf 5s ser A
1962
Hudson Co Gas 1st g 5s.......1949
Hudson & Manbat 1st 5s A-—1957
♦AdJ income 5s
Febl957
Houston Oil 4 Ms
73i2 Jan 12
5
Jan
19
Feb
6
5
4
263.4
*29i2
*9-84
2634
32-38 Feb
31
34
IOI4
*13
13i2
15'2 Jan
3834
2014
39]8
2412 Jan
4114 Jan
37i2
37i2
42i2 Jan
30
1084 Mar 25
3U
3'2
17h
12ig
1214
♦128U 142
17
37U
Jan 21
>4 Jan
18V Feb
.
163s
12»4
18'4 Jan
66
Jan
Illinois Bell Tclep 2 Ms ser A... 1981
Jan
Illinois Central RR—
31»4 Sept
Oot
45'2 July
1st gold
39*8
193s
1st gold 3s
sterling..
1951
-.1951
1952
Collateral trust gold 4s
Refunding 4s
Jan
22
Sept
7412 Nov
1951
—1951
Extended 1st gold 3)^8—
Jan
162
76i2 Jan 26
4s.
1st gold 3Ms....w_
;
334 Dec
19
Sept
8
12i2
65-34
Jan
1338 July
3
C
27
28
24
6
15U Jan 29
149
Jan 30
Purchased lines 3 Ms
i::'
—1955
1952
".t.
vjspr.'v'v-*.^
Collateral trust
Refunding 5s
1953
gold 4s
1955
1966
1950
-
40-year 4 Ms
Cairo Bridge gold 4s
Litchfield Div 1st gold 3s
10
MacAndrews <fe Forbes
100
6% preferred--'
V) par
Mack Trucks Inc
Macy (R H) Co Inc...No par
Madison Sq Garden.-.No par
10
Magma Copper
Manatl Sugar Co
Mandel
1
Manhattan Shirt
Maracaibo Oil Explorat ion..
Marine Midland Corp
®|2
6'2|
6l2
6-34
0r»8
1014
2284
434
IO'S
io'8
1014
22'4
43g
22'4
4%
2234
2434
25'2
23l2
24
21
23'4
63
166
*43g
2434
*20l2
*23'4
*163
For footnotes
2434
23'2
2414
10
ltr
10
Marshall Field & Co ...No par
22'2
43g
2234
43g
22-38
22"
Martin (Glenn L)
♦43g
4,-
24-^8 24^ *2434 25'
23«2 *21
23'
2312 23l2 *2312
24'
166'2 *163
165
*163
165
see
5
*21
page 1488.
6% pnpref—100
Co..
1
Martin-Parry Corp... .No par
Masonlte Corp
Master Eleo Co
No par
1
Mathleson Alkali Wks .No par
7% preferred
100
138
3534
287sMar 12
Jan
Jau
Dec
1
29»8 Sept
Apr
6
9
31
338 Jan
2
I8I4 Apr
1 li2 Mar
23
84 Mar 27
*6is
Market St Ry
9
1
.
31&8
1
534 Feb 10
1334 Jan 3
634
io'g
61
Jan
25
...No par
Bros
151$ Apr
129
2"a Apr
434 Jan
J
5sstpd.—1952 J
J
Steels f 4)$s
1961 A O
Utll 3)^3 ser D....1969 AfN
Hocking Val 1st cons g 4 H8— ..1999
3
175
4
J
Hoe (R) Co 1st mtge..
514 Jan 20
20i8
...2015 J
9
1234 Jan 20
7412 Jan
.♦Gen mtge inc 5s ser A
Gulf States
20i2 Jan 14
23 >8 Jan 29
Jan
U
1st & ref Term M
Jan 26
33
J
J
J
J
Gulf & Ship Island RR—
138 Jan 20
14i.j Apr 8
213s Jan
J
...1950 A O
1st mtge 5s series C
Jan 16
4
J
J
IJe b
Feb
Gulf Mobile A Ohio 4s ser B—. 1975 J.
9
113
J
J
J
J
1950 A
3ulf Mob & Nor 1st 5 )^s B
9-84 Jan 19
1878 Feb 4
17
19i2
A
♦Debentures ctfs B
t
1U2 Feb 17
3014 Feb 18
17
E..—...1977
G
1946
mtge 4s series H
1946
mtge 3Jisserles 1......1967
General mtge 4s series
Gen
13
80
General 5s series C—... ...1973 J "J
General 4Hs series
i22'8 Mar
24 '
Feb
1478 Aug
July
43s
;
1*>8 May
-
111 Cent and Chic St
L & N O—
.1963
1963
50 A
52M
45H
47M
1950
77X
t'lnd & Louisville 1st gu4s._-.1956
Ind.Unhm Ry 3 Ms series B
1986
*108 M
Joint 1st ref 5s series A
1st & ret 4 M« series
C
Indlll& Iowalstg4s
2
514
2
IU4
1951
3 Ms. —1953
3s...—.1951
St Louis Div & Term g 3s.... 1951
Gold 3 Ms
—.1951
Springfield Div 1st g 3Ms—1951
Western Lines 1st g 4s ...... 1951
Louisv Div & Term g
Omaha Div 1st gold
Dec
734 Aug
16'2 Sept
Jan
Jan
*23
77 A
26
-----
914 Apr 10
177g Sept
Inland Steel 1st mtge
3s ser F—1961
104M
105
Feb 18
32U Sept
12U Jau
Inspiration Cons Copper 4s....1952
101«
102 M
101
101
21
4)8 Apr 10
2t'>8 Apr
7
28 >2
20
6
28
Mar
23isMar31
163
Apr
9
luterlake Iron oonv
deb 4s...—1947
Jan
Sept
31U Sept
176
Aug
For
footndtes see page 1489
2\*A
31A
93A IOOA
Hosiery deb 5s w w—1946 M 8
2314
.
98 *4
14
20
OswegatcldosYst5a..a.1942 J D
GraysPointTeritf5lstrgu58....1947 J D
2278 Jan
5
9
3>4 Jan 23
95 ^
;C ouv &
40i2 Feb
2478 Mar 30
9's
J. D
J J
J J
J J
1956 J
ioodrich (B F) 1st 4 X*
■1
Feb
,
9is
2A
?
Dec
9 V Deo
9Si2
-
3
278 Feb
29
Dec
Mar
4>s Dee
7
37'2 Jan 3
13«2 Feb 20
6s—1956
Dee
13*2
•
100
-
'
"11" r "Jan
*2 A
*100)4
Francisco Sugar coll trust
;45g Dec
Jan 27
Jan 27-
1982
Machinery Corp 3sdebs. 1956
2-4s (Proof of claim)
♦Certificates of deposit.-
xl 16»2 June
2
De:
11'2 Feb 5
100«2 Jan 13
8
195G
3$ deb—1961
t'Florida Cent & PenMn 5s.... 1943
t Florida East Coast- 1st 4 Ms- - .1959
i
'1st & ref 5s series a...
1974
J ^Certificates of deposit.......
;
Food
"
1947
5
6212 Mar
..
2
8
9|125t2Apr 4
20i8Mar31, ; 24-34 Jan 3
55'2Mar31.
64 • Jan 6
Jones & Laughlln Steel.No par
Joy Mfg Co
Mar
33l2 Jan
J07-VJan
.
Ohio Div 1st mtge 3Ks... —1971
>
Jewel Tea Co Inc
1970
-1965
-
Co—
Erie Railroad
9
Feb 2
32-38 Jan 6
132
Jan 20
-
5s stamped...
I
2
2 V
2714 Feb 16
127i2 Apr 8
1
preferred
914 Jan
5s.1956
5s.. .1995
East Tenn Va & Ga Div 1st
Feb 5
Jan 26
234 Mar25
278 Mar 27
>•
718 Mar 28
90
Ma.121
No par
1965
5
2-3s Jan 26
9
Stores.No par
■}
Detroit Term & Tunnel 4 ms
100
Preferred
•V- $6
i
4634 Jan 30
48U Feb 13
■■
2
32i4 Apr
Teleg.No par
...1970
•
v,
Detroit & Mac 1st lien g 4s.—.1995
' 1
5
134Mar25
Foreign share ctfs...No par
Intertype Corp
Island Creek Coal...
r
«
3
Jan 31
2884 Feb 4
6038 Jan
3 Josser G. ...1966
Geu&ref 3sserH._
|
4
41 >8 Feb 16
39
Mar 14
No par
International Shoe
>,0 par
International Silver—
50
Gen <fc ref mtge
Feb 20
Apr 10
Plains Val 1st gu4M8___1947
Detroit Edison 4sser F....—.1965
9
130 Mar
« 1584 Jan
52
International Salt
j'Des
;
Jan 21
Apr 9
Apr 10
IDs Apr 10
Co
45
5% conv preferred
100
Inter Rys of Cent Am..No par
5% preferred
100
Inteiational Paper
Intern'l Telep &
Jan
5s...Aug 1955
gen
♦Assented (subj to plan)
'Ref & impt 5s ser B\ Apr 1978
J'Des M & Ft podge 4s ctls_. .1935
j,
84 Jan 19
60
25'2Mar 11
12634 Jan 3
100
Preferred
-
| I2i2
Us-Apr' 8 f 23s
43« Apr 9
5
38
Apr 10
38
Chem..No par
4% preferred
2
,75s Apr 9
Marine.No par
Internat Mln &
Apr
41
—
t § ♦ Cen & R G 1st coils fe 4s
i
-
lllt2 Feb 3
103s Jan 9
'
8
Jan 14
15112 Jan 5
153
Feb 4
par
1971
.1969
1969
1936
1st mortgage 4 Ms
"
5
7
63gMar 11
'
638 Mar 11
109^8 Mar 10
Preferred
153
1st & ref 4tf8---
:
4
100
No
lron.....—No
Int Business Machines.No
Internat'l Harvester..-No
123
Del Power & Light 1st 4 Ms
8
:l 23'2 Jan 27
1934 Feb 18
103
Dayton Union Ry 3 Ms ser B ...1965
Del & Hudson 1st & ref 4s._...1943
,
\12% Jan 14
Mar 11
6
1
No par
Dayton P <fc L 1st mtge 3s....1970
Jan 12
10
Interlake
634" 67«
*145
Jan
157
6U2 Apr
6% preferred
Intercont'I Rubber
•
-
100
Feb 18
155
Inspiration Cons Copper...20
Insuranshares Ctfs Inc
42
6
2
1
6i2 Jan
23'a Apr
75
Apr
No par
Inland Steel Co..
62
10»2
57«
*534
2134 2134
*103Li 104
*6%
7
,
No par
100
Ingersoll-Rand
6% preferred
79
....
8
Jan 2~
18'4 J an 27
Mar 25
35s Jan 28
163s Feb 4
934 Feb' !■
27
Feb 25
3214 Jan 2
2i2 Jan 2 '•
10s4 Apr 10
100
RR Sec ctfs series A... 1000
Indianapolis P & L Co.No par
Indian Refining
10
Industrial Rayon
No par
Leased lines 4%
*6-34
2
2
5h Jan
Co
100
series A... 100
Illinois Central RR
9
84 A
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
NEW YORK BOND RECORD
BONDS
N. Y-. STOCK
Last
Range or
»
Sale
EXCHANGE
Week Ended April 10
:\,j
Price
NEW YORK STOCK
RECORD
'Week's
Friday
<fe
LOW AND HIGH SALE PRICES
Range
Friday's
Bid
Jan. t
tf
Sales
Since
Asked
Monday
Tuesday
April 6
Wednesday
April 8
April 7
$ per share
34:
April 9
S per share
34)2
*34
♦
1
34t2
1,000
200
*17%
1%
19%
*88
lMg
100
15I-)
)'► *6%
•*29 '
30
7"
10
H4 Jan
par
16
-
par
*634
7
30
1
McGraw-Hill Pub Co..No par
Molntyre Porcupine Mines
5
McLollan Stores Co
6«1
94
8
14
1
6% conv preferred
.100
Mead Corp..
....No par
$6 preferred series A .No par
6
Mar 31
2
3
Jan 28
Jan
28^4 Mar 24
25% Jan j
9% July
./ 3734 Sept
3234 Jan 19
•934 Jan 2
!04'g Mar 10
1234Mar 23
108% Jan 30
'
Mar
6
,«
Apr
Jan
6
8
693.1 Jan 22
■
109%
9§<f July
4
7)g Feb
77
Mar 12
72
Feb
123
Mar 28
32
Jan
MengelCo (The).
6% conv 1st prel
•
82
Mar 24
•! 66
4i2 Jan
......1
».„50
23
Merchft Mln Trans Co. No par
Mesta Machine Co.....
5
.125
Miami
1
July i
Auk »
71
3
2
33%
Oct.
V 6%
57gMar23
26% Mar 24
2
Mar 11
Nov f
8% Sept I,
Jan j
108
6
|
1514 Sept»
110
-
7U Jan 14
Jan
5
6
94
i
■
i
Jan
•14%May t
16
Augi
1097g Nov I
108U Jan 6
17's Jan 13
8
Feb 28
$5.50 pref ser B w w.No par
Melville Shoe Corp...
l
3^8—.1961
107■
6
14% Jan
6)2 Jan
544% preferred-i——.. 100
James Frankl ft Clear 1st 4s..l959
Jones ft Laughlln Steel
90 )g
10% Jan
1114 Apr
1
-100
28 -,Abr
6
Mar
5
100
*283,4
18
Jan 30
6
McCrory Stores Corp
6% conv preferred
„
2
Mar
i
share
per
56% Sept •;
2% Jan f
7
1% Feb
Mar
McGraw Elec Co..:
157g
46% Jan
5
9
*15ii
113s
Highest
$
i 89
McKesson ft Robblns Inc.-18
12%
12)4
-*104)2 1057s
:
May Department Stores
Maytag Co
J ...No
$3 preferredNo
*957g 104
11®8
(1941)
Lowest
$ per share
$ per share
33
Apr 6
j
934
Year
Lots
Highest
Lowest
$6 1st cum pref
No par
McCall Corp..— _j—.No par
8834
*9)2
Range for Previous
Range Since Jan. 1
On Basis of 100-Share
STOCK
Shares
*1%
10
♦11%
-
share
34)
M51c
*6
per
YORK
EXCHANGE
Week
8834
17%
*312
•100
$
10
1%
101«
*88
-
April
the
36
f *112
94 *
Friday
Thursday
STOCKS
NEW
for
Saturday
April 4
Deo;
29 U Sept |
v,
1
j'
Kanawha ft Mich 1st gu g4s*.1990
t5*K C Ft S ft M Ry ref g 4s. 1936
♦Certificates
of
deposit.:...—
Kansas City Sou 1st gold 3s.. 1950
Ret ft ImptSs.-^io.:—.Apr 1950
Kansas
.18",
*r
'"i,
t—".
■
,
*11244
:
.
43
*42
•
"86
Plain—j:a).:1961
*8344
*•--
104
1st ft ref 6 Ms
.———.'—1954
Koppers Co 1st mtge 344b.*1961
Kresge Foundation 3% notes..1950
5
2l8
*61
105
10044
5s ctfs..—..1959
•:
144
110544
101^
-
2V
27S
'234
125$ <1234
•■■
*12)2
144
271.1
26%
»39i2
42>8
*3912
2234
8%
*1014
24)8
'
*24%-
*2%
*58
r..
,
*12 s
3% to.
1947 J
J
Sou g 3^8—1997 J D
3^8 registered^...:
1
.No par
5% Mar 6
12)gMar 12
Apr 9
! 95-i.s Apr 7
35% Jan 2
103'2 Jan 19
Jan
60% Jan
'•
-71S Jan
1234
■
12)3
1
*55 '
10%
25
*2%
*58
12»81 12%
»
'8
10%
25
12%
f 2434
'*lll2
! 55'.
105
Mar 26
Apr 1
104% Mar 16
12334 Mar 13
Monts Ward
Morris ft Essex...........50
20
Apr
Motor Products Corp..No par 1
6U Jan
Motor Wheel Corp.——4.5
10
Mar
& Co Inc.No par
Morrell (J) & Co
1
$7 preferred —......No par
Munslngwear
55
Murphy Co (G d)„...No
5% preferred
23
1
12t4
Inc
37
No par
Mueller Brass Co——
Mullins Mfg Co class B
59
,
108% 108% *108% 110
5% - 5:% ; *5)«
5l4
*30% 33
' 31% 31%
>
116
$4 preferred series C.No
par
$4 pref series C (stpd) No par
22
7%
10%
25
2?4
20
i
7%
*10
<
234
*2%
60
"*57%
55V "55
-56
*108% 1IO
1 5%5%
*30)2 33
.1997 J D
*7%
8'g
10)9
25
284
60
'
Preferred series B—No par
..No par
par
!
Jan 15
9
2
3
Jan 14
2% Jan
3
17% July t
Jan J.
38%
42% Mar 26
106i.i Feb 16
112
Mar
12
16
93s
34 Ja i26
j
2% Apr 7
13% Jan 19
77
112
119
Mar 16
110«4 Jan
•'
2
63
Feb
13'g Mar
...100
108
31
Jan 26
4®4 Jan
2
Mar 27
17% Aug
94
.,
Sept 1
118% Septi
123
Augi
113'2
Octi
V 3912
Jani
43% Jan;
30% Aug
Dec
Dec
1834 May
134 Dec
17% Jan f
24% Dec;
4% July?
5%
9)2
6
Murray Corp of America. .10
Myers (F E) ft Bro_.-No par
bee
.
.July
3% Aug'.
.
21'g Dec
2
6934 Jan
Mar
>»351a1;:p6o
4
7
2
54)2 Apr
Dec
Feb
.
24%
293$ Mar 2 5
8:8 Apr 2
121.4 Jan 30
25% Jan 20
3)4 Jan 20
Jan
Dec
115
Mar
1087s June
6
105)2 Mar 18
287g Jan 27
42)s Mar 12
j 11% Jan
50
Oct .'vl
.
1214
7
Jan
Oct j
J51a Oct:
Feb
%
1
•
117)2 Feb 10
91
Jan
4U Jan?.
79% July j
4
Jan
67
Jan
45%
3)s Jan 13
2
-
26%
42)8
f 26l2
42% : *39)2
27
22I4 ' 23l8
par
Jan ;
125
9*8 Mar 16
I....10
Jan!
16
8
2
'
9%
101
2
>
Apr*
37
23% Jan 14
Feb
5
18
1
30%
•7% Jan 14
Jan
5
6
Mar 27
7% preferred series A... 100 !
13g Jan 2
Mobawk Carpet Mills
20 i',.12% Feb 27
Monsanto Chemical Co..—10 1 68'g Mar 11
$4.50preferred......No par 111 12 Apr 10
v 74U
73»2
73i2 1 7358
73%
112'4 II2I4 "112
112
112" 112 '
*116"8 117)2 II6I4 11614 *11618117
*103 M05i2
105
105
*104 ^105)2
105 ' IO5I4 *104l2 105
104l2 10412
Coll tr 6s series A..—..5——1942 F A
Coll tr 6s series B,
•—-il942 F A
Lautaro Nltrote Co ltd—
♦1st mtge Income reg
27« '
*73
Coll ft ref 5^s series C..—-.1953 F A
Coll ft ref 54*8 series D.
1960 F A
Lake 8h ft Mich
par
B...100
Mo-Kan-TexasRR....ivo
,
—
5s extended at
$6.50 preferred
Mission Corp.:
^
Ref ft ext mtge 6s...—.-.1942 .4 o
Certificates of deposit..
Lake Erie & Western RR-r 1
2*4
—
"104
O
A
2)$
12)2
conv pref series
Minn Mollne Power
Impl
2i«
65
171
26%
J ♦Laclede Gas Lt ref ft ext '5s.1939
4%
29t2 Jan 15
30)2 Jan 16
2134 Mar
95
-
*10644 •-—-':
_
Minn-Honeywell Rcku.Yo
*10434 106
-86 4
*90
444s unguaranteed—J
1961
Kings County El L ft P 6s
1997
Kings Co Lighting 1st 5s..*....1954
{♦Kreuger ft Toll
95)2
41
•*40"
Kentueky Central gold 4s......1987
Kentucky ft Ind Term 4 44s .v. 1961
Stamped—i„.—.
..1961
Copperi.i..i.ii...i.5
Mid-Continent Petroleum..10
Midland Steel Prod
No par
8% cum 1st pref...„„luo
18"
•95%
City1 Term lst4s— -I960
'
46
F.'b
9^8 May
6178
Apr
12
Jan*
74
July*
1534 Nov 3'
74ij Septi
Nov
112
Febi
4
Dec
,8%
Jan?
•34
Dec
109
Hli2Marl7
53$ Jan 20
39% Feb 7
,
r>
112
Jan
1975 Dec
Lehigh Coal ft Nav s f 44*8 A-1954
Conasirik fund 444s ser C.. 1954
Lehigh ft New Eng RR 4s A-1965
Lehigh ft N Y 1st gu g4s
.1945
Lehigh Valley Coal Co—
;
-5s stamped1944
1st ftref s f.5Si__—1954
J
J
J
J
A
0
M S
,
'•
68stamped.—1954
v.-w,:
F
A
....
1st ft ref s f os..........—1964 F
-
osstampedi——.1964
1st ft ref
.
;
„
A
....
f 5s............1974 F
s
A
6s8tamped...i.bvbs..-.w.l974
I-eh Val Harbor Term gu 5s...1954 F
A
Lehigh Valley N Y 44is ext-.1950 J
Lehigh Valley RR—
r
1i,
J
4sstamped modified-....—2003 .UN
;
~
4s
'
v
*
registered.i*4—.2003
't
',,v
;
i
v
1
...v
v
,
•'
.
4Hs stamped modified...—2003 A/N
444s registered—2003 ....
5s stamped modified.-.2003 M N
•
«
l4!h Val Term Ry ext 5s....—1951 A
Lex ft East 1st 50-yr 5s gu
1965 .4
5s delienture..:.-..
O
38 4*
4344
5954
114 44
J
104 44
O
1951 F
Little Miami gen 4s ser A
3944
36%
O
Llbby McNeil ft Libby 4s—.1955 J
Liggett A Myers Tobacco 7s..41944 A
>
3844
42 44
11344
A
12144
1962 M N
•Long Doek Co 341s ext to—1950 A O
Long Island unified 4s........1949 M S
*100
103 44
60 J4
114 44
105 •<
115
123
•'
...A
103 44
■..J..
95 H
—194!) M S
9544
1)544
9544
—.1949 M S
96%
9544
96%
11414
Guar ref gold 4s.
4s stamped
Lorlllard (P) Co deb 7s
0
.1944 A
ser A..
196!) J
J
Louisville Gas ft Elec 344s
1966 M S
Lou ft Jeff Bridge Co gu 4s
1945 M S
.—
11494
—.
121%
121%
82%
10994
84
10944
2
Dec
10594
1059-4
8%
Dec
6%
10;f4
1951 F A
5f) debenture
Louisiana ft Ark 1st 6s
96
Dec
Dec
S4
..—
105?4
Louisville ft Nashville RR—
1st ft ret 5s scries B
2003 A
O
1st ft ref 4 44s series C—
2003 .4
O
1st ft ref 4s series,JE$„
..2003 4
O
2003 .4
O
1950 J
J
1960 /
J
1946 F
.
A
Series E
1st ft ref 3 ?is
Unit mtge 3 44s ser A ext
Unif mtge 4s ser B ext
Paducah ft Mem Div 4s
St Loijls Div 2d
6912 July
3D4 Dec
105
22)4
5%
Nov
Apr
Apr
19% Dec
106% Mar
gold 3s.—'-1980 M S
26
Mob ft Mqntg 1st g 4 44s
Dec
7
Dec
1945 M S
South Ry Joint monon 4s....1962 J
Atl Knox ft Cine Div 4s
J
10% Dec
1955 M N
25
8%
Feb
Dec
4% May
8
Maine Central RR 4s scr A
1945 J
Manati Sugar 4s s t.
Manila Elec
106%
D
I960 J
Gen mtge 4 44s series A
I)
110
••"
Feb 1 1957 MN
•
Stamped
Jan
|*Market St Ry 7s
'14
J
1947 A
ser A..Apr 1940 Q
Jan
%»
Dec
19
A
Oct
23 %
O
AO
i
.
Dec
'it
Manila RR (South Lines) 4s.-1959 M N
Marion Steam Shovel s f 6s
i
42%
Jilt ft Lt s f 5s... 1953 M S
n*MauG B &N W lst344s-1941 /
Apr
Dec
June
Dec
179%
(Stamped mod) ext 5s......1945 Q A
109
Dec
Feb
9%
McCrory Stores deb34f
1955 A O
McKesson ft Robbins 3448 —1956 J
J
10344
Mead Corp 1st mtge 444s..„.1955 M S
*10444
10444
Mctrop Ed 1st 444s series D—.1968 Af 'S
Metrop Wat Sew ft D 544s
1950 .4 O
t§*Mct W Side El (Chic) 4s.-1938 F A
111
£50%
Dec
10%
105
Apr
Dec
July
-----
111%
5044
.
50%
103%
Dec
50 4$
5%
5%
93
3%
107
Michigan Central—
Jack Lans ft
-
1st gold 3448
•
..;
V
•
-
Sag.344a
—
i
Ref ft impt 444ssetle8
Dec
Dec
7% June
-.1951 M S
.1952 .UN
C—— 1979 J,
34
h
J
21
Jan
Dec
Dec
'
'•**
'•••*'
'
%
■
'
■
"
f
7% Dec
Michigan Consol Gas 4s
1963 M S
J§*Mid of N J 1st ext 5s
.1910 A O
J5*Mil ft No 1st ext 444s
1939 J D
♦§Con ext 444s.1939 J D
t*Mil Spar A N W 1st gu 4s..1947 M S
—.
t§*Milw
—
ft State Llue 1st 3%8.1941 /
{♦Minn & St Louis 5s ctfs
Ohio Oil Co.
:
Mat ft ref 6s series
A..——^{946 J
8% preferred A.
Oppenhclm Collins
..100
No par
Otis Elevator..._ji.--No par
J
"
—
100
Otis Steel Co..—
No par
6% preferred
J
J
,
No par
Omnibus Corp (The).......6
^lst ft ref gold 4s.:1949 M S
*Rcf ft ext 50-yr 5s ser A.... 1962 Q F
ti*M StP &SS M con g 4s lnt gu '38 J
{♦1st cons 5s
1938 J
5*lst cons 5s gu as to Int....1938 J
No par
Oliver Farm Equip
J
1934 MN
J
$5.50 conv 1st pref—No par
♦25-ycar 544s._p».
—...194!) M S
♦1st ft ref 5448 series B„... 1978 J
J
Outboard Marine ft
Outlet Co..—
Preferred
Mfg....5
No par
see
page
1489,
For footnotes
see
page
1488
2
2
8% Jan 26
21%Mar25
6% Jan 12
6®4 Feb
13% Feb
2
Dec
54
9
59
Jan
2
79
3
Mar
9
3% Jan 28
13% Jan 28
ll%Mar 12
132
Mar 20
4% Jan
2
2
51
Jan
20
Jan 24
Jan
Jan
9
Dec
2% Feb
9% Dec
140
2
6)4 Jan
142
1
June
3-% Dec
Feb
9
40%
22% Feb
6
16
June
45% Dec
61
45% Mar 10
48
44%Mar 12
54
Mar 28
1
100
Owens-llllnols Glass Co. 12.50
For footnotes
Jan
2% Jan
6%Mar 11
17
Jan
3l
120
Apr
Mar
38% May
10
Julyj
23% July^
10
Jam
.
,
104 %
Jan
6% Sept;
17% Jan j
150
10%
Jan'
Jan*
60»4 Augjj
26)4 Jan;
56% Oct!
120
Mar;
52% Dec-
Monday, April 13, 1942
FINANCIAL CHRONICLE
THE COMMERCIAL &
1486
F
RECORD
NEW YORK STOCK
i
YORK BOND RECORD
NEW
Friday
Saturday
Monday
AND
Tuesdity
April fi
April 7
$ per share
April 4
.
Wednesday
April 8
Thursday
April 9'
Range Since Jan. \
STOCKS
HIGH SALE PRICES
April
Highest
Lowest
Lowest
I
!
(Con.)
■'
Mlssourl-Karwas-TexasRR—
*10
-
*10%
195g
11
preferred
1st
934 Jan
—--No par
(Cal).lO
Gas <fc Electric.
25
Ltg Corp—i.r-No par
2d preferred....
25
25
Pacific
18%
17
Pacific Mills.
*781.4
86
*122% 130
Pacific
No par
13'4 Jan
8312 Apr
121
Apr
6% preferred. ———i—100
!
Corp.5
Transp—6
Airways
Pan-Amer Petrol &
Panhandle Prod & Ref.'-..— 1
1
22
90
Mar
4% conv preferred...-
Inc
6% 1st preferred.... - --100
Jan 15
Jan
■
Feb
100
1
18% Jan
19
Mar
Inc.——5
Peoples Drug Stores
Peoples GL4CC
38% Jan
12'2 Apr
af lOfl'g ivtar
i
—*«—-50
Pennsylvania RR-1
(Chic) .100
tPeoria & Eastern Ry Co. .100
Pepsi-Cola Co. —
Pere Marquette Ry Co._-.100
6
preferred— .—.—100
5%
25
Phelps-Dodge Corp.
% Jan
$6
preferred.
,
44
PhllllpB Jones Corpi....No par
7% preferred — i,
100
Phillips Petroleum —-.No par
Pillsbury
-
Flour
5
23% Jan >6
40% Jan 5
7
1% Jan
21
7% preferredPitts Screw &
—w—.—100
Bolt.L—No par
Co...No par
Pittsburgh Steel
B.....—-.100
A.—.—<-100
5)4% 1st ser conv pr pf. 100
Pittsburgh & West Va.—'-lOO
Pit Youngs AsbtRy 7% pf.100
7% pref class
5% pref class
(The)4'---No
PIttston Co
1
$5 preferred
8%
Pub Ser El &
Pullman
Pure Oil
Gas pf $5.No par
Inci—,J— Ne par
(The)—L—No par
100
preferred..... 190
5% conv
3 lis
—
—
C
Ref 4 lis series
1st mtge 31isexteuded to
10% Apr 10
Mar 30
6s
'(t
—
V'.*•
v
N Y Connecting RR
3 lis A —1965 A 0
.—..1951 F A
Conv 6% notes—...i———1947U a
NY Deck 1st gold 4s
Mar 30
llll2 Mar 19
23
Mar 6
.1965'A
N Y Edison 3 li s ser D . —
1st lion & ref 3lis ser E—
778 Mar 27
92% Mar 11
Apr
Louis—
-..1974 a O
1978 M S
1947 a O
debentures.. —.1950 j D
Ref 5lis scries A..
73i2Mar3l
79% Mar 30
9% Mar
1
H
1948
NY Gas El LtH&Powg5s
Purchase money
j
1949 F
gold 4s..
N
2000
Y'& Harlem gold3Jis
1973
j——-1973
Impt5s...l943
N Y Lack & West 4sser A.
Ref Corp.. 10
4 Hs series B.-«
NYLE4W Dk&
{N Y New Haven <fc Hartford RR-1-
Radio
Manhattan.No par
—..1
preferred——i-.25
Reading Company
—.60
4% 1st preferred
j—50
4% 2d preferred
. .—50
Rayliestos
Re is
(Robt) & Co 1st
Reliable Stores
.11% Jan 16
17 '
6
5
26% Feb
1
9
2
27% Feb •2
i 1
23% Mar h
2
16% Feb -5
7% Feb ,2
6
11'
12% Feb \>2
7% Mar 28
Mar 9
9% Jan .6
61
j55
2% Jan
16% Apr
:
2
4% Jan
9
:
14
19
Jan ,;2
3
4
Feb 10
100% Mar 5
86% Jan 23
v 6% Jan
3
100
7% preferred
6yK% preferred.1..
100
Reynolds Metals Co...No par
5>i% conv prerefred—..100
Reynolds Spring
—1
112% Apr 10
129% Mar 13
B.10
21% Apr 10
Reynolds (R J) Tob class
,.10
Common
Richfield Oil Corp.—No par
Dental Mfg....No par
Antelope Copper Mines.
Ruberold Co (The)
No par
Rltter
Roan
Rustless Iron &
Steel Corp—1
$2.50 conv preferred.No par
{Rutland RR
For footnotes see page 1488
7% pref.. —100
96% Jan
80 1 'Apr
5
63
Apr
6% Mar 13
79% Apr 4
3%Mar 9
Jan 2o
74
7
>8% Jan 5
85% Jan1q
'<
♦Non-conv deb 4s .
V ♦Convdeb3Vis...
1955
4% Jau
.
♦Conv deb 6s
1
6s registered..
i—._—-1956
1956
..1948
......1948
1940
{♦Collateral trust 6s
[<. •Debenture 4s..'
—1957
♦1st & rcf 4 Vis scr of 1927—1967
f t ♦Harlem R & Pt C'h 1st
48-1954
t*N Y Ont & West ref g 4s
1992
f ♦Geueral 4s.
1955
lst^congu4s_..1993
Y Queens El Lt & Pow 3 Vis. .1965
YRys prior Hen 6s stamp...1958
N Y&Putnam
N
N
Jan ,7
Feb
48
6
2
38% Jail
■?...>
Apr ;«
.Apr 6
50
1
Jan
10 '4 Mar
.
% A pr
7
3
15% Jan 28
-.v--
'■
♦Non-oonv deb 3 Vis
Jan 28
Mar
1% Jan 13
39
Jan 16
Reliance Mfg
Republic Steel Corp...No par
0% conv preferred....J. 100
6% conv prior prefacr A.100
Revere Copper & Brass No par
9
20% Jan
Corp...No par
.
2
46% Jan
12% Apr
24% Jan
190
Co..'.——-Id
Remington-Rand....—-j.-.l
Preferred with warrants..25
Rensselaer & Sara ftR Co. 100
Reo Motors vtc
1
3% Jan
1
2
9
--5
pref—100
9
23% Jan
53
♦Non-conv deb 3 Vis.
♦Non-conv deb 4s
V
2% Apr
Rayonier Inc
—
3'| Jan 6
54% Feb- 6
43% Apr
15% Jan
1Q0
Real Silk Hosiery....—
Preferred...
1
.
47% Mar 31
Kelth-Orpheutn. 1.... 1
6% conv preferred
6
1947
1947
1954
♦Noil conv deb 4s
-
2%Mar
—No par
J3.50 conv 1st pref..No par
$5 preferred B—'
No par
Radio Corp of Amer.
N YSteam Corp
lst3Vis.
——
1963
{§*N Y Susq & W 1st ref 5s
1937
5*2d gold 4Vis.L.. —...-1937
{♦General gold 5s»»——1940
♦Termlnul 1st gold 5s..'—..1943
3 tfs ser B.
1967
tS*N Y \Vest & Bost' 1st 4Vis..l94fi
Niagaral^alls Power 3Vi8 —— .1966
Niag Lock & Ont Pow 1st 5s A. 1955
Niagara Share (Mo) deb 5 Vis.. 1950
NY Telephone
5
Norfolk Southern Ry Co—
50
Jan
2
27% Jan 27
54 i
9
6% Mar 3d
7% Feb 21
^3% Jan
16
6
Feb 19
8% Mar 16
41% Apr
6
% Feb 17
O
1966,A O
N Y <& Erie—Hce Erie RR
t}*N Y & Greenwood Lake 53.1946
Quaker State Oil
j
1998 F A
registered
New York Chicago & St
62
82
j
registered— ——..1998 v A
M Ich Cent coll gold 3 lis ... -1998 F A
Feb 16
•"
j
3lis...1998 F A
3 Hs
Feb 17
Bakeries—.——No par
Purity
Lake Hbore coll gold
42
6% preferred
—1997
3 Hh registered
t
115
99
3^8... 1997 j
N Y Cent & Hud River
10
13
9'2 Jan 7
7's Jan 31
7% Mar 27
25% Apr 1
414 Feb
6% preferred...1
7%
; Feb 14
8
16% Feb
j
A
1946 /1 o
A....2013 \ o
Rcf &lmpt 5sseries C
..2013 a O
Conv secured 3.li8
—.1952 \f n
107g Jan 26
Apr
O
10-year 3
sees f..
Ref & lmpt 41is8erles
Jan 22
12
N J..No par
...No par
10j
preferred.
100
preferred —100
70
3
.
par
1"29>-100
Jail
Newport & Cincinnati Bdge Co—
Gen gtd 41^8....1945 j
N Y Central RIt 4s series A..1998 F
'5
>' Jan
33% Jan
....
1956 F A
♦Certificates of deposit
Mst 5 lis series A
—1954 A
♦Certificates of deposit
'
v L'
V. ■ 1: / '
>
"5% Jftn 14
6% Jan
2
8
Jan 21
61
24%Mar 12
64
Mar 12
5% conv 1st pref
——5
5% conv 2d pref
.'..50
Procters Gamble—.:No pdr
Pub Serv Corp of
i
♦Certificates of doposlt
♦Certificates of deposit--.-.-- ..—
♦1st 4 lis series D
—1956 F A
175
4*4 Mar 28
5
Mar 9
i
15
165 '■ Feb 19
' Feb 25
Mar21
1954 A O
1st 5sseries B
♦1st 5s series C
9% Jan 14
'! 51%Mar31
Plymouth Oil Co.—
5
Pond Creek Pocahontas No par
Poor & Co class B——.No par
Postal Teleg Inc pref..No par
Pressed Steel Car Co Inc....1
6% pt (ser of Feb
68
8
19
Feb
♦Certificates of deposit
♦
1
38^4 Feb -5
6
165
"^6
6 ':1. 6'4 Jan
5s—1935 A O
t§*N O Tex & Mex n-c Inc
6
43g Feb
Jan
174
Feb 13
lRig Feb
r *
9
Great Nor 5s
New Orl Pub Ser 1st
4158 Jan 2
214 Feb 13
8'4 Jan
,
A..1983 j Ji
He A 1952 / J
5s scr A.. 1952 A 0
1st
ref 58 series B
—1955 J D
New Orleans Term 1st gu 4s—1953 ^
J
Jan 17
2
Tel & Tel 5s A.. 1952 j
NO&N E 1st ref & Imp 4
Jan 27
514 Jan
60
1
100
J
New Orleans
9
-
J
...1945 J
48
D
i.* 1st gs 4lis series B..
—1961A/N
NJ Junction RRguar lst4s...1986 F A
N J Pow & Light 1st 4Ms..—1960 A 0
Jrfa- 6
56
5s.-.1945 J
guar
New England
78
3
1948 J IJ
58
♦Consol
-5
10% Jan 7
75
Apr
25
No par
$5convpreferred
Pittsburgh Forgings Co
Pitts Ft Way & Chic Ry Co
Jan
107i2Mar23
Jan
338
:
! Jan 13
v
lstg4fl——1954 M N
{♦New England RR guar
6
15i2 Jan
Iron Corp.No par
Pitts Coke &
{♦Naugatuck RR
7
3234 Jan 14
40i2 Jan 44
76% Jan 30
Jan 21
.
.......100
6% preferred
Nat Distillers
Newark Consol Gas cons
27% Jan
13i Feb 25
100
St L 4s ser A...1978 F A
Prod 3 lis debs
1960 J D
Prod 3 Vis
1949 M S
National Steel 1st mtge 3s.1——1965 A O
Nat Dairy
-3
Jan 22
6>4 Jan
B
1955
3lis.. 1968
5s
1947
Nash Chatt,<fc
5
Jan
7'2 Jan 24
51% Feb >7
29% Jan 24
6
45
Mills—_■—25
.100
L RR CO.
Pittsburgh Coal of Pa
Pitts C C & St
Constr M 4 Vis scries
Mutual Fuel Gas 1st gu
13% Feb 19
32'>8 Mar 16
.-4.-5
190
Hosiery
Constr M 5ssories A...
Mountain States T & T
24's Jan 30
9
2
1
10
6
70
2000
1955
108'2 Feb 27
Mar
j
1951
3 Vis
Morris <k Essex 1st gu
Jan 2!
Mar 24
i
1960
1965
<
3 $48.1966
Montreal Tramways 5s ext
f Jan 21
5
—
Preferred—
2
.
5
Philco Corp
Phoenix
9
00% Jan i:9
28>2 Apr
pref—50
52
Apr
No par
8% Apr
-3
5531 Mar 11
rhillp Morris & Co Ltd. —.10
;103
Apr 9
Preferred 4M% series.—100
Philadelphia Co 6%
1st mtge4Vi8_~—
6 debentures
Montana Power 1st & ref
80% Jan 15
2% Feb 5
6
I 2714 Apr
Monogahela W Penn Pub Ser—
3
2012 Jan
.
B."—1966
Monogahela Ry 3 Vis ser
2
2'8 Jan 14
29'.i Jan 7
,17%Mar 2
Mar 23
23
-..No par
Petroleum Corp of Amer
5
Pfelffer Brewing Co...No par
Co
Pet Milk
Jan
—1991
Moh'k & Malone 1st gug4S
'•/* •• »;
.
17.
t-
'iv
{♦Mo Pac 3d 7s ext at 4% July '38
5
78 Jan 3
15%Mar 6
51i Mar 27
43% Apr 9
22
Apr 9
>
y
Jan 27
15% Feb
2
2
9
12
2
Apr
37
!
100
5% prior preferred
>8 Jan
-2
114% Feb
Mar30
134 Apr 10
.1
♦Certificates of deposit
s—
♦Conv gold 514s
—1949
♦1st & ref g 5s series H
1980
♦Certificates of deposit. —
♦1st & ref Ssscrles I
—1981
♦Certificates of deposit
—
8*8 Jan 9
1% Jan 27
26
1978
♦1st <fe ref 5s series G...
8
2'2 Jan 6
17% Jan -20
v
.
Coke Corp.—-10
v
♦Certificates of deposit
:
Cement—No par
$7 conv pref ser A—-No par
Penn G1 Sand Corp
No par
5% preferred-...*.100
♦Certificates of deposit
-♦General 4s..
..—---1975
*lst & ref 5s series F_..»—.1977
534 Jan. '5
,
,
Penn-Dlxie
1965
♦1st & rcf 5s series A...,
2
284 Jan
Park Utah
Penn Coal &
.
1487g Jan 19
•
<j^Tllford
Missouri Pacific RR Co—
; Jan 17
101-
1514 Apr 2
Inc...-—.-1
i
l's Jan 2
Consol Mines.... 1
2014 Apr 8
Parke Davis & Co—--No par
i 15% Jan 12
Parker Rust Proof Co——2.50
si e Mar 20
P ar melee Trans port'n—No par
i 13% Jan
2
Patlno Mines & Enterprises. 10
46
Apr 9
Penlck & Ford
..No par,
61% Mar 12
Penney (J C) Co..;..--No par
Park
\
31
—100
i 13%Mar31
1
103
Prior Hen 4 Vis series D-i.—1978
♦Cum adjust 5s scr A...Jan 1967
3
Feb -6
20
2
6
6
Mar
1902
'■18"s Feb 25
4
Jan
Paraffine Cos Inc .....No par
Paramount Pictures
Feb
12
6
5ig Jan 2
17j Jan 2
12%Mar28
734Mar 6
Packard MotorCar..—ATo par
Pan American
3
13
1902
40-year 4s scries B
*■
2H4 Feb
9
5
10
4
3
1
E4 Mar
Corp—1
Western Oil Corp...10
Pacific Tin Consol'd
Paoific
Jan
I6I2 Apr
24«2 Apr
•■}
Teleg.*—.100
Pacific Telep &
7
\
Pacific Finance Corp
l«l2
107g
16%
107g
Prior lien 5s series A
87s Jan 27
6*4 Fob 3
6% Mar 27
43,i Mar 31
'18
Jan 21
Inc...5
10
i.-.No par
Paclflo Coast Co.—-..
In a.
Highest
Railroad & Indus. Cos.
Pacific Amer Fisheries
iff
t♦Mo-Ill RIl 1st 5s series A..-1959
Mo Kan & Tex 1st gold 4s.--.1990
$ per share i.
Shares
Range or
! £1
BONDS
EXCHANGES
Week Ended April 10
t
v
13
$ per share
t
N. Y. STOCK
EXCHANGE
,
Friday
Range for Previous
-Year (1941)
On Basis of 100-Share Lots
STOCK
NEW YORK
%■
Week's
Last
Salt
Price
; %
LOW
Jan 27
Jan 15
8% Jail 16
5% Jan 20
19% Mar 20
«-
10 '
47*
Jail 21
Jan 2
1st mtge 4 Vis
series A.,'—..1998
Inc.—. -1.2014
*Gen mtge 5s conv
{{♦Norfolk Southern RIl 5s
Norf ft Western Ry
A. 1961
1st g 4s..".1996
3Vis.. .:—1949
3Vis1954
4s-—1959
North Amer Co deb
Debenture
Dobonture
% Jan 26
For footnotes see page
1489
1)
A
Friday's
Range
Since.
Jan: 1
Friday
BONOS
.
N. »Y. STOCK
Week's
■Last
Range-or
Range
Hale
Friday's
Hince
s*
»
%»
***
c*
EXCHANGE
h
10
'
■
Rid
Price
:
Low
Railroad & Indus. Cos. (Con.V
North Central gen«fc rel 6s. ,.1974 U 8|
5
Wednesday
112
'1st
-r'1
mtge g
* Certificates of deposit...',.-.
I
April 7
April 8
April 9
I per share
$ per share
$ per share
$ per- share
$ per share
29t8
3t,s
:
27%
78
-:
•
27%
72
....
4s registered..
1997
.......
■
Hen ry &1<1 g 38.__.Jah 2047 Q
3s registered ..-. i .y
sJi,. 2047 Q
A
-
'I
;
72%
43%
40%
-53%
68%
F
••43%
2047
J
Ref & Impt 5s series 0,1..:. 2047
J
J
Ref & I m pt 6s series B
J
Ref A impt 5s series 1>.
Northern states Power Co—
2047
40 %
'•66
45
69%
316
59%
121
48%
59%
•30
48%
59%
'
.1967 FA
(Minn) 1st A ref M 3
(Wise) 1st mtge 3^s
1; 1964 M S
Northwestern Teleg 4 ^sext..-. 1944
J
109
108%
110%
5
110%
-
108
5
109% HI %
102% 102%
*102%
*
.V'TLUi
•
J* ">i4
'<*l2; ,-'-V'3a
109%
!
•
J
-
;
LVr
<
~ 578
-578
*•"
tt*Og A E Chain lstgu g'4s_i. 1948
Ohio Connecting Ry 1st 4s
Ohio Edison 1st mtge
812 *
4sr
M
1st mtge 3?iS.
1972
..'ill.
Oklahoma Gas A Elee 3^s..t. 1966
t - 4s debentures
1. 1946 J
AH
153%
8%
>
S
D
104%
A
108% 169%
109%
107%
104%
•107%
l"07*"
113
♦109%
108%
108%
I)
Ontario Power N F 1st gu 5s. .1 1943 F
107
1029RS
Oregon RR A Nav
.
1946 J
*
102% 104%
102% 103
102% 102%
117%
_
107
J
9
10"7
112%
1
111% 112%
112% 112%
194%
104%
105%
"l«
J
95%
92%
96%
127
108%
•
Pacific Coast Co 1st g 5s. ...I. 1946 ./ D
112
*86
Pacific Gas A El 4s series G.;. 1964 J
IJ
112
1961 J
I)
109
•
101-
109%
j
n
107%
107
107%
1st A ref mtge 3s ser J.
1970 J
D
101
101
1st A ref M 3s series K
f
#15
90
82%
110% 112%
89%
-
111
'
*14%
15
7
" 7%
1971
J
D
g 4s.. 1938 F
1938 J
.4
f#Pac Rlt of Mo 1st est
§*2<1 est gold
....
Paducah A 111 1st
101
100%
88
*
D
108
90
84%
87
-
101%
103%;
?29%
52 >2
1955
del>enj..f 956
-J1x1944
Pat A Passaic G A E cons 5s.. 1949
1st M
s
f g 3s loan ctfs
Parraelee Trans deb 6s-%
.
F
102
102
A
102%"
59
M
S
4
M
S
99
1"8
3
100%
46
u-
100%
99
118
*ti5%.
118%
J
J
1023u 102'..
D
I)
:%'■ ''28-year 4s...,.1963
F
Peniwyl Glass Sand 3%»-*..--I960
Pa Ohio A Dot 1st A ref 4%s A '77
J
104
103%
105
103
100% 105%
103%
103
102%
♦101%
O
/
A
102%
101% 104 •':
101% 101%
A
104%
-
'#97
105
'
103%
103%
103%
106
-4
102%
100%
102%
Consul
!
General 4%s series
General 5s series
Debenture g 4%s
92
*
A..-.-.1-1965
J
D
J
Peoria A Pekln Un st
5%s....l974
F
99%
104%
102
J
J
M
S
C—
105
99
85
85
44
62%
S
64
64%
58%
#U%
I
*18%
'
119
103%
108% 112
107% 109
103
'
"96"
162"
110
*109%
95%
110%
101%
110%
102
,-..,,
4
1942
1946
1949
_-:.wl953
Series F 4s guar gold
f Series G 4s guar... — w.—..1957
!:
i;
i
1%
%
::
99%
93%.
7
2%.
2%
2%
102%
4 *47^
F
A
*109%
.1964
1970
..1975
J
.4
O
1977
J
112
J
.
-.
series A
Gen mtge 5s series BGen 4 %s series C
w
v.:*-
4%s A.1952
4%s.1950
<Pltts Steel 1st mtge
102
jf S
J
1st mtge
•Pitts Va A
1st
<
4%8 series
D...w'w.;..;.-1977
jport Gen Elec lst 4%s. .-.W.-..1960
J
M
97%
guar
1st A ref mtge 5s
C
....
1st A ref mtge 8s j—
I
_
2037
——-.2037
— .—.
J
J
J
97
"98%
%:
62%
'
119.
•
:
83%
61
2
135
J
*143:
:-
78%
91
3
80
109
"i
Gen A rCf 4
Gen A ref 4%s series B
%s series A
4
O
—
1997 J
J
I....
1997 JJ
-22
■>
<10
Remington Rand deb 3%s.... 1956
■
f
i
J
mon
1st M
Gen mtge
conv
5%s...
79%
64
9"
4%s series C..... 1956
if N
.
.....
"Vf
15%
5,400
2834
29
So Porto Rico Sugar.. J.No par
w.-.lOO
:8% preferred
1261
Apr
17;
Alar
49
100
1%
1%
"1%
1%
2%
*2%
234
*40
65
*40
1,000
\
Apr
;
71%
Dec
Jan
400
12,200
710
36
32%
33
3211
32%
111
*40%
♦111%
"3%
*'19
Sperry Corp (The)
Spicer Mfg Co
2,400
"
"
1
500
19
19%
6,600
21%
22%
341.1
33%
34%
5,700
12,400
27
26%
2634
1,300
*28
•48%
5%
Aro par
4%
'110%
4%
119
4%
$4.50preferred......No par
Standard Gas A El Co.No par
$4 preferred
$6
,
cum
...
-
....
.No par
"-
1,700
800
4%
6,100
49%
700
Standard Oil of Ohio. J.
Class A pref
2,600
1,500
Sweets Co of Amer (The)
5,500
1,000
•3,100
Oct
2
Jan
Apr
54% Aug
Dei
3
31% De»
Fel
31%
Dec
111
6
47% Dec
6% July
69
60
Deo
6%
57%
Jan
8
108
June
% Nov
48% Deo
6 >8
Jan,
113% July
1% Jan
4% Mar
% Dec
■j'1'
Jan
40% Aug
117% Aug
"""3% Dei
6
July
22
July
39% July
38% July
10% Dec
21% Mar
22% Mar
17% Mar
25% Nov
251" Mar
33
" Feb
34% July
46% Dec
33
Dec
:'
i
,
Jan
814
Dec
48% Aug
29
Dec
40
Jan
56% Jan; 6
51
Pec
66
June
6
4% Pec
3% May
Jan
4% Jan 27
,
5% Feb 21
,
3
Jan
3% Dec
12% Pec
1% "Dec
1% Jan 14
3
4
6
13% Jan
19% Alar
3% Ma;
Pec
16% Nov
9%
:
Pec
3
19% Mar 11
,4
Mar 26
24% Jan 28
5% Jan 5
1
L, 8% July
26
8%
126
July
,9
Jan
21
Jau
i
'2% July
18% July
23% Jan
y5% Aug
25,
19'4 May
16%
Deo
Aug
24% Sept
Pec
3%
Jan
Doc
66%
Apr
117% June
5% Jan 14
15% Jan .9
Jan
Dec
Pec
50
55% Jan
126
8% Jan
6% Nov
4%
3%
5
A 5% Jan
25
Swift International Ltd.....;.
Corp
37%
34% Jan 16
17% Feb 13
25
Symington-Gould
27%
3% Apr 9
21% Mar 26
12i2
Swift A Co......
Alar 24
Jan 3
19% July
36% Nov
33%
•
Superior Steel Corp.,.:;w.100
Sutherland Paper CO.1....10
100
200
Dec
Dec
Jan
13% Sept
14% Aug
27% Jan
41% Jan 27
49%Mar 4
116% Apr 10
4% Jan 2
12% Alar 10
1% Jan
11
Alar 30
Superheater Co (The)..No par
Superior Oil Corp....
...1
200
>
Alar
17%
Mar
27%
Dec
27ia
July
Aug
Dec
150
May
Jan
Jan
3.8 Mar
Sunshine Mining Co..i,..100
4%
21%
20%
4%
4%
1
2
6
6
Nov
July
42% Feb 26
5% Jan 2
(414% cum) 100
19%
/4%
11% Feb
19% Feb
23% Mai
5
18%
10%
2%
19%
s23%
22% Feb
4% Mar 26
>3%
21%
20%
4%
Jan
Jan '24
7
1% Jan 6
11% Jan 14
13% Jan 14
>3% Jan 2
♦18%
2038
16%
Sept
29% Apr
5
*il%
203.
47.
Dec
Pec
8
Jan
Feb 25
-.1
19
3%
21%
£10
ho Jan
Studebaker Corp (Tbe).....l
Sun Oil .Co...iVo par
*18%
312
2134
2ms
Aug
f
5
Stone A Webster.._w-.Aro par
1%
11%
-
June
120
110
Mar 14
10
*11
lib
191;
3%
Feb
£13
Mar 24
49% Jan
32% Mar 11
26
Mar 12
25
Stokely Bros A Co Inc
330
4,400
4%
13
1%
7% Dec
]% Dec
i13
4% Jan 6
45% Jan 14
38% Jun
114
Febl!
21
Standard Oil of New Jersey.25
1%
1134
1%
Feb
f
7
.18
Standard Gllcf Calif ..No par
Standard Oil of Indiana....25
Stewart-Warner Corp
4%
15
Jan 26
60
Jan
25% July
13%
4
5
,37
Jan
Jan
31% Jan
9
Oct
35%
Feb
Jan 23
20%
5% Mar 25
6-8Mar 25
prior pref. w;No par
:;. 500
5%
4i.i
13
114
ft
18'8
35%
50%
1%
3%
96%Mar 12
.7' % Jan 2
?8 Mar 6
$7 cum prior pref...Aro par
"i"600
11678 116%
•
13%
13
•
112
i 14%
13 >s
38
Apr
pref.... .No par
32% Apr 0
Square D Co....
.....1
Mar 30
5%. conv preferred.j... 100 xl 10
40% Apr 9
Squibb (E R) A Sons..No par
$5 pref series A
No par
3
Mar 6
Standard Brands......No par
Sterling Products luc.7
3%
4%
> 4%
*48%
"49%. 30
2% Apr
2
Starrett Co (The) L S-.ATo par
5%
*3%
3%
pref A......Aro par
48
47%
5%
334
414
couv
29%
*28
30
49
Feb
111% Dee
20% Jan 10
12% Jan 5
Conv $4.50
400
7% >
19%
27
$3
600
6%
,
Feb
60
1
Spiegel I no..
400
«
22%
'
•33%
^
"o'ioo
98%
*%
*5%
7%,
7%
21%
>
3%
*»32
%
%
*534 7 6%
*6%
....
97%
s16
:
40
100.
42%
3
98%
*97%
2,000
*111% 116
40%
Oct
18%
95
Feb
Jan
Feb
Jan
Jan
2% Jan
30% Nov
22
•
6
6
Feb
Dec
5
21%
Nov
1
15% Jan 16
26% Jan 26
144% Jan 27
8
~
Jan
16%
.
11% Dec
2
Jan 28
2
40
'
8% Jan
18% Feb 25
23% Jan 23
32
Mar 13
49
Mar 16
Spencer Kellogg A Sons No par
80
3
36
221
4%
56%
37
3
20%
35
2%
36
111
22
1,100
'
56%
2% 7 3
Dec
3
17
5
2
3
1% Jan
2
9
20% Jan
13% Jan
6
9
11
6
6
9
2
12
2% Jan
Dec
Jan
Jan
112
9
i._l
Spear A Co..
Jan
28% Jan
34%. Jan
No par
Sparks Withington:
10%
Dec
59
| 6% Sept
Dec
13% Jan 0
1% Mar 24
28% Apr
MobHe AOhlostktrctfs 100
4
32%
5% Nov
1
51% Feb
$5.50preferred......No par
> 600
*54
*54
>■
in-
*3%
100
No par
MOO
5% preferred-
65
*33
35-
*33
Southern Ry
3,200
*44%
49
2%
13%
.
11%
.
108%,110%
79%-•
79 %
102
-
102%
80%
80
98
102%
105. V-
106
102%
5%
2%
31%
2,
5%
82%
.'79% 82
97% 101
4
.
104% 106
101% 104%
Texas Pacific Coal & Oil.-.10
4%
500
Texas Pacific Laud Trust
10%
500
Texas & Pacific Ry Co.... 100
4%
4%
10%
10%
8%
41%
*8
4%
3%
46
*3%
34
4
34
*2
6%
22
■
10'
*9%
,
$3.60
41%
*37%
_
V>2%: 3%
*45% 46%
*3%
*31%
110
9
^
10
93+
8%
,
9
*86
90
: 29%
30
*11%
21
1%
30
38i.i
38%
4
7% July
..
8%
11%
♦IDs
12V
'
"•18
*64 >
•
66
*6%
6%
*6%.
*11 !'V 11%
*20'' -' 22
,,
'%
*64
6%
*11
*20
22
*6%
*11
11)2
-9%^>9%
'•9% : ,9%
>3ie
64
?rm
•9%
'
,.-
8%
20
-
'
1316
66
6%
*2%
36% > 36%
V*2%
,-35
*36%,;37p'
*351.1
"5%
*5%
p.'5%.
3V
800
10%
8%
4,500
200
2,600
38%
1,600
$3.50
cum
$4.50
conv
4
500
700
Transamerica. Corp.. ..i .. ... 2
Trauscont'l & West Air Inc..5
200
Trl-Contineutal Corp.,.
•
64
64
*6%
.V
•
6%
90
100
Truscon Steel
ft
"8%
*19%
9
20
2%
5", 300
190
*2%
36
Alar 25
3
% Mar 14
Wo par
Co...10
It
par
,
3
Feb 18
19% Jan
2
1% Jan
36%
5% ■V *5%
5%
5%
36
5%
500
33
32%
32%
32%
32%
V 900
*8%
8%
8%; '; 8%
1,300
7
Feb
5
2
2
60
Feb
9%
2
5
6%, Jan
29
9% Sept
24
;
Feb
16
"
4%
Dec
27%
Dec
•.
U
8'.C
7 32%P 32%
: 8% Y *8% : s»%
| 11%" 11% cn%>ii% '-11% :ll%
72 > - 72; -' P'72'7"" 73." T'72% 7 73%
1*76-: 77
75% 75%
'-7614 "76%
:
*32%
-.8%
*9%
59%
60%
*108
'iir
*108
103
102% 103
ai%
60%
59% 59%
111
110% *108
103
11%
*11
:71%
72
71%
*74%
10
25
Union El Co of Mo $5 pfWo par
430
j Pref $4^50series
8
100% Mar 24
11
Alar 12
Union Oihof California!.-...25
1,200
800
Union Pacific RR Co-!..-100
4% preferred..
L...100
600
Union Prem Food Stores
10
*9%
10
9
01
24%
24%
31%
24%
24%
1,300
Union Tank Car.
30%
31
4,000
United Aircraft Corp.5
90
8%
94%
8%
*10%
73
31%
3134
95%
96.
834
9
.
31%
*95%
•
8%
75%
'
*11% 11%
*105
108
1.105 >M08-r *105 - 108
>38% -40% *38% "40% *38% 40%
18
18%: *17%
*17
18% '*17
18%
10%
"105
11%
106
>38% * 40%
*38%
40%
>16
*17
18
94%
;
1488.
14%
14
14%,
13%
14%
3,400
39%
,
39%
,18
600
*13%
,
5% preferred^-'-
9
"5,600
2,200
9%
Jan
Inc.l
24% Mar 10
'28% Feb 20
94% Apr 10
160
No par
8%Mar 31
9% Alar 10
-.100
104%Alar 24
-5
37% Jan
17% Jan
ht Jan
Corporation...Wo par
-No dot
$3 preferred..
Feb
£111%
Jan
13%Mar
2
7
6
■
2
Alar
100% Dec
11% Dec
112% Sept
16
Sept
5
Dec
85%
85%
Jan
Dec
9
Dec
13%
Jan
July
24% Dec
31
28%
44%
Dec
8%
,
Dec
Dec
15
Deo
5
»u
Dec
16% Jan 15
13%
Dec
Jan
113%
108% Dec
35
Jan'
17% Jan
14% July
9% May
3
42% Jan 19
20
Feb 26
% Jan
Jan
73
y36% Jan 6
104% Jan
11% Jan 28
ll-^Af-kr
1)7%
79% Sept
,115% Nov
,
57%
"
11% Jan 30
30
Feb 24
112
37% 8ept
Dec
13% Jan 29
No par
United Carbon Co...J.Wo par
United
Jan
.7
60
8li* Feb.
.
United-Carr Fast Corp .No par
14
108
75% Mar 26
9
Mar 21
63% Jan
-
United Biscuit Co
112% Jan 12
7/% Feb
Un Air Lhies Transport
i
"""160
33% Jan 20
9% Jan 5
74% Jan 3
2
5% conv pref-
1,100
8%
II
106
'105
*17
76
'as'
?%j|<
14%C 14% M4% .'"14%
For footnotes see page
.11%
71%
Jan
.58% Mar 23
108 •« Apr 4
uNo par
1,100
2434
*105''107'
•j.
90
11%
72%
75%
•
'16.
*102% 103
zll%
6,000
28% Jan
U nder Elliott Fisher Co Wo par
Unlou Bag & Paper......Wo par
Union Carbide & Carb.Wo par
*72%
7534
'
24%!
8%
*91,
10.
*9%
*24%' 24% ,24%
t
-
Dec
1% July
27% Sept
v':.-y
•i#32%,!:- 32%
;
Jan
7% Sept
11% Aug
May
16% May
% Dec
22% Jan 27
c
Jan
75
% Dec
6
Dec
5% Jan
17% Jan
10% Aug
Jan
Feb
Deo
35% Sept
51% Jan
Dec
4
Jan
11%
99%
Dec
Jan 19
Jan
Jaa
18
8% Dec
6% Mar
Jan
1-
40% Feb
5% Alar 18
Twin Coach Co:..,..:...--l
1%
Dec
67% Alar
'Li 7
Jan
34
9% Alar
95% Au?
27% Feb
37% Dac
A
Jan
6
•
12% Mar 17
Aug
4%
Dec
Dac
7
3% Jan 13
21% Jan
7% preferred
%
9% Jan 27
7% Jan
i $1.50 preferred......Wo par
Twin City Rapid Tran.Wo par
40
Jau
1%
July
5% July
Dec
3% June
24% N-»v
27% Jan
11
Feb
100
L
9ai
Jan-28
8
8% Jan
Pec
May
3%
Jan 20
43% Jan
4% Jan
10% Feb
61% Jan
2
38
:
30
34% Jan
4
14
10% Jan
44% Sept
4% Sept
60% Sept
Pec
June
Feb 27
Jan 12
37% Feb 21
j
5
32
5
18
6
Film,CorpWo.
u.r
Jan
4% May
38% Sept
7% July
6% Aug
5% Mar
3% Fab
5% Pec
n»
6
200
35%
,v
20th Cen Fox
I
Feb
Pac
30% Dec
9
5
6
6
2
Feb
Pec
11% Feb 24
95% Jan
.y
:Wo par
$6 preferred
Truax-Traer Corp
6
j 2
34% Jan 14
6% Jan 6
6
Jan 16
i0%,Feb
29
Dae
34%
6
27
Mar 28
85
Transue & Williams St'l Wo par
700
11%
*11%
»3u *%«
1%
10% Jan 13
2
9
8% Jan
8% Apr
,
pref.,._:Wo par
Timken Detroit Axle.t...:.10
Timken Roller Bearlug.Wo par
8%
"8%
20% Mar 30
a32 Alar 27
preferred.Wo par
Tide Water Associated Oil..10
30%
*38
1
5% Jan 19
(1% Apr
Thompson-Starrett CollVo par
Jan
4%
34%
3%
6%
3% Feb 13
30
Jan 2
Thompson Prods Inc.:No par
91
30%
.;
...
400
11%
2%
.
Y.ooo
*11-
20
... .
$3 dl weenv preferred:.... 10
11%
'
_
3
Pec
27
9% Jan 16
39% Jan
5% Nov
38% Aug
3% Jan
9% Sept
46 8 Deo
3% May
4% Feb 25
31% Feb 2
2% Jan 3
9% Jan 21
41% Jan 20
.3
Alar 10
50
Jan 28
2
.
38% Mar 27
2% Feb 2
41
Jan 7
Thompson (J R).,-..U-..25
21
10%
8%
6% Jan
.
Third Avenue Ry..*.1.7.100
%
4
*8%
-
_.
1,200
6%
*86
*
conv
~"io
34
21
♦
pref.:.,,Wo par
The Fatr.s,..,.»>»,.,i.iVo par
Preferred.
7
100
.
Therm old; Co._....--7.,....l
::-4k
1%
*67
1
Thatcher Mfg Co.....iVo par
8%
,
86
30%
38%
39
*4 ;4%,
*8%:
-8%
6%
t73*
%
10%
86
12
-
2
21
21
>,■:* 9
30%
39
*11%
2l.i
*6
%
■■
D%
30%
7
'20%
-'2
*86. PPOi
r
2
V:
*6
60%: *61% fv'60%'; 61%
•' 60 %
'5108% 108% *107' .7108% 1108% 108%
|10H2 103 HON)-101% ¥102 7102%
'
1,400
7,700
>>877;
41%
.
8
32%
*10
8%
*31%
4"
*3%
*31%
2
.
104%
500
45%
k
78%
5%
*4%
5%
*37%
*2%
9%
1
66-
4
5%
■3%
*'.16.
*614
6%
<*il > 11%
.
Texas Gulf Sulphur...No par
46%
"
"i>5%
100
2,700
*2%
•
¥722"
•
k
2%
30%
*46%
9%
*64
*2%
30%
*37%
*6
%
91
2%
30%
32% Feb;
1 % Mar
7% Apr 6
30% Mar 14
2% Jan 2
29% Alar 12
5% Mar 13
4 % Af ar>31
7% Jan 2
Tennessee Corp_.....j....,
Texas Co (The)
25
Texas Gulf Produc'g Co No par
*5%
'
7%
31%
30»8
:
8%
3%
46%
31%
100
5M% partit pref...w....50
Telautograph Corp..wi_....5
32%
4i%
-
7
32%
*2%
11.
*8
1%
1%
4% Alar
Talcott Ino (James)...
4%
36
*32%
1%
*1%
>8
33V
5%
4%
*10%
t
31% ,31% "• 31% "31%
-31%- 31%
96
*96. ' 96%
•i 96
96
96%
J
8% - g34
••-.-9
•
-9%
I 10% 10%
10%
10% '-lirMl
67%.. 76%
102
18
*4-
4%
36
♦32%
81;
*1%
8%
5%
5
♦4
41
36
\ 69
103
225
*4
*321.4
••
•
^•
;rb%
f 32% -.32%
t 8%
8%
95%
7%
;
80
.
>14%
For footnotes see page 1489.
S'eastern Greyhound Lines..5
29%
'
•
105
106
102%,
14
15
22%
34
28
297f
*18%
V38%:'38% >39
4->'.4%
:8%V;" 8%
8%8%
; 6%
-9
'J' >1
108%
.'97%
102%
1954- MJV
76% Mar
l%Mar
14% Mar
19% Apr
South Am Gold A Platinum. 1
28%
*44%
3%
4%
*3% "
1*4
8-%
64 "
J
216" 216""'
108% 109%
74%. '. 76%
'
J
Republic Steel Corp 4%s ser B. 1961 FA
Pur
'
74%
80
.
Socony Vacuum Oil Co Inc.15
Apr
Apr
11% Jan
.15
Apr
7%
32%
*2%
31%
31%
^3014 .301.1
c
*38
[*36% :-38
«7 .
1°7%
168%
80%
128%
10-
Southern Pacific Co.,.No par
011%
1%
1%
*37%
" 9%
*8%
>86 "
8%
•'
104%
;
128
1%
6%
11%
>2,%
*46%
.6%
>21
*9% 10
*24% '24%
Reading Co Jersey Cetit coll 4s. 1951
10% Jan
<14% July
<
9
18% Apr
Smith A Cor Type v t c .No par
Snider Packing Corp...Aro par
21,500
*9.r>
/g%
34
2%
;>6
•
'
200
'"11%
12
15%
15%
3
33%
P 2%
31%
"11%
46%
V*3%X.:4k
V
i-
400
10
$6 preferred— .....;AT0 Par
Smith (A O) Corp....j_... 10
11%
j: 49
13
.: 4%
32%
*2%
31%
>5%
*4%
5%
;
*2%
6% •> 6%
*11; vll%
R
*'
-18%
61% Mar 4
5% Jan 20
33% Jan 3
14% Jan 2
4% Jan 14
26
9%, Apr
534
3-1
415
*49% 49%
118. .118.
4%
4%
/«.■; 8,
>11% .11% •J-11%* 11%
|. *%
'%6
155:
*215 Y%
.
*1%P
:
46%'
91
4-7-r-4v
1
1
119%
105%
-
109
I
38
107% 108%
91 ;
91%
5%: -.'7%
J
,
Dec
Dec
3%
•
Dec
3% July
78% Jan.
1
100
Southern Natural Gas Co.7.50
*4%
4%
'
*31%
1
108
119
*83%::
(■Public Service of Nor 111 3%s_1968 AO
rPurlty Bakeries s f deb 5sI....1948 J~ J
*18
15
Sloss Sheffield Steel A Iron. 100
Southern California Edison.25
*5%
'
-
107
fir
*4
\*t9%-2lj2 #*20 1 21%
j*2%;;.3. S>2%:":37-
82%
*105%
*107%
D
July,
Apr
49%
4%
7%
48%
6
Jaal5
Mar 17
24
Skelly Oil Co
600
40%
33%
*32i.t ¥36
'; 1%
'*2
I
68%
*101
.
Jan
% July
17
1%
5
Jan
22% Apr 10
87% Mar 16
110'
Apr 2
Slmonds Saw A Steel..No par
2,300
i9%^19%
1%
12
19%
4%
1.100
10
12%
%
4%
13%
*11%
77%
♦% '77 1;> ;V *'14 .1
•
30
104%
%" 100
0°
i-
•
•
*1%
478
.4%
1078 -10%
■••• '8%
■:
60
62%
•-
¥2
I *8% j 91;
D
S
%
i
10
3
Jan
17%
....
*28
49
t *8
•
"60% 6f%
62'
•,61%,
d«b 4s.. 1957 v/JN
M
100
100
5%
.4.
6%
121% '22.
108%
97 %
"60%
83%
29%
13%
>"266
88
1
17%
42%
*27<i
4%
*1%
7%
3%
a
34.
*3%
*1%
*86
*107 '
8
28
Na par
Petroleum.........10
*934
98%
.
5
10
116
22%
*44%
.
*6
109
99% 103
'61%
1st 58 extended to....;2... 1950 j :;J
Potomac El PoW 1st M 3%S.„1966 jJ
j
iPresged Steel Car deb 6s......1951 j
^♦Providence Term 1st 4s.21956
[Public-Service El A Gas 3%a..l968
';
97 % :
"60%
39% Sept
115% Mar
112
July
% Jan
Dec
Jan
>
i
% Dec
Vll% Dec
6% Jan 27
Jan
3
:
,
31% Apr - 2
1OI4 Mar 28
2% Mar 28
12
Jan 29
17%
3%
33%;
19%
22%
34%
*4%
40%
.
46%
*31%
121%
-
105
[97% 797?/8
E
'Improvidence Sec
120
$ 102%
100
'
>
4kjs series B.;-4;-1950|j D
Clfcr 1st 4s guar.1.. 194^ MJV
^Pltts A W Va lst4%sser A.w.1958 JO
p- 1st mtge 4%s series B......1969 A O
) 1st mtge 4%s series C.
1960 A 0
J
O
j Pitts Y A Ash 1st 4s ser A... .1948
V
1st gen 6s series B.........1962 FA
1st gen 6s series CS.#.-.—12 .1974 J D
V
57
>7
10
'
8%
*2%
;>
106
107%
107%
107%
107%
}
Pitts Coke A Iron conv
Dec
31
107
Jan 28
60
.....15
Simmons Co
Simtns
22%
*80
130
*1714
-
119":" lit""
119"
'117% ' 120
107%
*3%
19%
37%
33%
*111
*49%' 50
118%. 118%
•:.3%
n6:" U2%
" 112
119 >
D
17% Sept
94% Sept
109% June
6
13% Jan 5
3% Mar 24
5% Mar 16
55% Jan 13
7 4% Mar
6
par
Silver King Coalition Mines
3,800
14% >1312 14%
7% V 7%
12,300
7%
2,000
1%
1% 7 *1%
> 200
*14%
15
15
19% 20%
2.SOO
20
-
*14.%
6JS
*5%
*6%
?
7%
*1%
15%
*1916
-
22%
22%
88
IF
56
1
V
.24%
10
.-
|3.5dcoov prefser AJNo
Shell Union Oil.-.
1,600
*7.8r 1
*23 "'24%
10%
49'
37%.
18% *18%
4% -*3%'" .4%
22. : 22
22 '
20%
20% 20%
-18%
*3812-4112 "•*37%
'
M N
4%
12%' 12%
>ios '
•18%' 18%
34%
6%
7%
4%
i
106%
i
113
Apr
June
8%
79
9i« Feb 10
1
,
2
Jan
12%
:r
3
49%
5%
*3%
3%
4%
4%
4% '- 5
*32% * 36s
5%
6%
10%
•
*8
;*45%
Jj
......1963
Geu mtge 5s
I
106%
.108
A
%8;
53
ATO par
-
1
19
4.9;»
*0%
:
400
273g
34 J
32% 33%
32%
2% H 2%- 2%
31% 31%
31%
31%
*5>2
:
102% 102*i3.
*106%
M N
■
4%
f 8%
32
1*2%
.
Series H cons g uar 4a. ; ^-1960
Series J cons guar 4
-
Shattuck (Frank G)
:No par
Shoaffer (W A) Pen Co .No par
2,400
2%
19
28
118'--US
'4%
;
A
F
Series 1 cons 4%8
-.
10
*111%
:->3
*28
11%
11
2%
12%
*128
55
3%
•
1
*108
17%
99
19%
13% ¥ 13%
:i; i'.i'
pi%
<112
12
'
5
M N
J
5
44% Mar 11
4% Jan 2
8% Mar 31
Sharpe A Dohme-......Aro par
20
27%
*St6
5%
39
■;) *7%
"
2%
2%
*1%
M N
F
$5 conv preferred
'""766
19%
W...
■
7
2%
.
#7h
22%
J7«
*40%
22%.
i
*49% ' 50(
•
24
28%
8%
8
J
165-%
109% 111%
93% 102%
97%
27
....
Series E 3%s guar gold;
Sept
i
120
93
Pittsburgh Cine Chi A St Louis—
Series C 4%s guar...
Series D 4s gum*
June
23
104% 105%
120
:
5
12
19%
3%
*10%
i
i04%
217s
22
20%
20%
4% %, 4%
"
}
•
'*4%
*32%
104% 108
104%
iPhllUpePetroi l%sdebs.... 1961 7'j
i
58%
*4%
4%
*31% ~ 31%
27%
1*1
1"
19%
*3%
: 22,
*20%
4%
>
105%
*116
27%
'-..8;"-2
4%
1
6 4%
64%
56%
104%
loi"
Certiflcates of deposit
*57t2
19
6%
7%
'
27%
*28% " 30
'48%
49-5% " 5%
[ 3%
3%
4%
4%
13%
13%
1% ' 1%
•
'
105
General g 4%sseries C
1977 J J
General 4 %s series D . -.... 1981 J D
J
Philadelphia Co coll tr 4%S-- .1961 J
Phila Electric 1st A ref 3 %s.-.. 1967 11 S
/>
4
1st A ref mtge 2%s.. —w..v.-1971 I
t*Phila A Read C A I ref 5s... 1973 Jr J
f
t5*Phillppine Ry lsts f 4s.,-1937
900
27%
•
119-119
3%
7%
107% 107%
67%
74
107%
73%
62%
62%
63%
m
19%
5%
*49% "749%
47
37
y* 6%
72
104%
J
558
191;
33%
*
7%
5%
89
81%
45%
f
*108%
iphlla Bait & Wash 1st g 48.. .1943 MJV
ir: General 5s series B........-1974 F A
♦Convdeb6a;..1949 M
*5%
28
42%
P99
V
*23:
15
34hi
116
P ■' 3,7"
\ '27%
48%
5%
3%
48%
5%
t
110% 113%
112%
112%
'
33%
22 "• 22%
34" 34%
:
28
*3%
3*4%
93%
97% 100%
97% 100%
89%
100%
99%
86%
99
D
J
% Jan
7uMar21
11% Apr 10
2i4 Jan 12
Sharon Steel Corp.....AVo par
220
*27%
38%
*40%
r
'30
*28
107% 111%
90%
99%
;
33%
122
90%
A
1956
1980
Phelps Dodge couv 3%s deb—1952
♦
120
J
,
400
54%
-5%
*19
3%
*111%
%
19%
**27%
;
J
1st if 4%s series
,H
121
110%: 110%
O
1st ser A 5s...1956
1st 4s series B
f
93%
103%
D
>
3,500
8%
54%
:
11%
*2%
12%
■
20%
'
120
103%
B.,1968
1970
v
65
♦111
'
109% 111 90% 94%
7
92
120
-Peoples Gas L A C ref 5s.....1947 M 8
Peoria A Eastern 4s ext.,..... 1960 .4 O
*
I neome 4s
..Apr 1990 Apr
Pere Marquette
109% lit
Ill
1
A
*
'
no?,
111
F
General4%sseriesD--.w-V.1981 .4 O
Gen mtgo 4%s series E—-.1984 J.J
Conv deb 3%s..—
.1952 .4 O
t1
■5
O
4
109% Mar
^
11'
1%
.36
7%
'22%
34
122
'
47
113
Jan 10
116
9
par
*8%
6
•
130
1%
56
6%
6%
7%
•! *7%
103% 103%
1
110%
1.1948
sinking fund 4%s..i_1960
■<
f "-
*103
111
4
6
•
*2%
*40 >
-35
3%
1
1
Apr
5
3
Seagrave Corp..j.
5
Sears Roebuck & Co...Aro par
Serve! Inc
.................1
8%
54%
5%
*57%
58%
4%»
4%
*31%
31%
7%
20%
178
3
;
3%
*97%
100% 107%
M N
C.....1970
Gen mtge 3%h series
6,500
30%
56
i.w,
K 3
99
j *5%
108%
A
M N
4s sterl stpd dollar May
V
j
48%
15%
7%
*1%
15 >
35
33%
*111%
Wtt 1-
'T'v
F
...1948
Coasol gold 4s
47%
*10
*14%.
19% ..'19%
27% 28%
•
*40% ' 42%
3's
'19%.
•
48%
10%
,
30%, *29%
48
*45%.
*40,
■
111 >111
---
3
107
F
Pennsylvania RR eons g 4s.;. ,1943 VN
!
15
*1%
*2%
38
-
;33%
33%
*111%
104
103%
102%
103%
D
A
.1981
3>&-%.,-1969
4%s debentures..'—1974
4%sseries B...
PennaPower & Light
p
j37
42%
*40%
104
1952 UN
*10
.1%
48.
128%
38%
*32%
1942
.1944
19%
*18%
i
10%
30%
3678 *34% 36%
55% .7 55%:. 55%
3% 5 3% -\ 3%
38
-
.
T 65
*
19%.
28%
*19
19%
13%
'
*40
28
*110% 115
Pennsylvania Co— !"•
Guar 3%s trust ctfs C
1
Guar 3%s trust ctfs 1)
Guar 4s ser E trust ctfs
<
19%
.
15
*1%
1%
*2% " 3
.
*
65
*54%
49
46
48
r
*19%
:27%
*34%
60%
58%
60%
99
O
-
47%
5%
*80
*110,
20%-20%
30
49'
*46%
11%
*2%.
'
30
*40
Paramount Pictures 4s
3
Jan
Apr
Sept,
July
89% Jan 15
36% iJan 9
106% Jan
4-2% preferred......... 100
Seaboard Oil Co of Del.TVo par
*300
*5%
90
.
16
*15
*51%.
105
Paramount Broadway Corp—
;,i-U
1%
f20%"'20%
*29>4
105
*105
Panhandle East P L 3s B...;. 1960 M N
v
300
3
23:
'
106% 1.08%
107% 108%
,
.
J
85
88%
r.j wjv^'
89%
107%
107%
108
109%
O
f g 4Hs... 1955 J
s
#
*100%
J
Pacific Tel A Tel 3%s ser B-1. 1966 4
1966 J
Ref mtge 3%b series C
{Seaboard Air Llne-.-.A'c
300
*2%
8%
24%
-
*128
•'% 28 -128 ' *128-;: 130
17%
*i7>>-17% j17% 17%
f17 -17
9%
*10 '
10% -10%
-10>4 .'•Wa-'-'i'OU
12%
12%
12% '12%: 12%
1178 ¥12%
¥
:-"i5%
>15% 715%
15% >16
U5»4'16
106% 107%
99
102%
99 -V 101%
1
1
3
54%
1%
*1%
*23
23
>14% 15%
7 i:' 7%
-| 1% > 1%
2012
*125 " 128
107% 109%
1st A ref mtge 3?is ser H.:.
1st A ref mtge 3^s ser l..».. 1966
v
55
*80
90
i
19
7%
1'8
16%
20%
i's
r
23%
*10
1478
7
•
*110"
*18% -19
10'2
11
a
1%
24%
*80 "*
90
-
'10 "10
*18l2
96%
78%
*14%
T:
54%
1,666
%
11%
r8%
8%
:
*110
*110'. fv.'f
106%
104,
*80
90
*10
t
*%
.11%
%
3
6%
*6
54%
-
*22%
*80
*112
J
Oregon-Wash RR A Nav 4s.;. 1961 J
1962 J
Otis Steel 1st mtge A 4Hs—
19% Jan
16% Feb
1
29% Apr 10
*
49%
9%
*1%
' i3*
y':l%
24.'
24% '*24% '24%
i 23>
23I2 *22% "23
*24
107
J
1946
3
114!
8
4
35
£106% Dec
12%June
3
Jan
Apr
$4 preferred... ;...-wiVo par
»w'%
%
11%
3%
(
10
Jan
110
■
1*1%
;*i'8
107
112%
D
5s..;. 1946 J
4s..1.
con g
cons g
Guar stpd cons 5s .i
%
%
16
11%
48
6%
400
44
5
79>
.
1% JuVv
4% Mar 15
6% Jnn.20
2
Jan
Mar
1514 Feb 24
13% Mar 1-1
Sohenley Distillers Corp.....6
5
preferred.
100
Scott Paper Co.......No par
$4,50preferred......iV<» par
....
11%
1'|6
*•%
*11%
50
-r,
*8%
300
29%
*114%....
*108
5
107
39% July
% Feb
% Apr
6
May
%» Dec
'
.
•
Ore Short Line 1st
'49%
30
....
*108
5%
5%
f • S'aV 5% .6 5% 3 6'
*56% 58G *56%-* 58% *57% 58% *57% 58%
kl
!J»
*4%. - 5%
5 >*
5
5%. - '5%.
*4% t" '5%
•31%
31% >31% 31%il**31% 31%
-i3134 3134
i
*11
11%
*11---11%
1034 1034 >10% M i2%
2%
*2% " 2% :- *2% "7 2%
,f i2»a v 25s
12%. 12%
12% 12%
"1214 12% •112% 12%
108%
108% 109%
"a 108%
102'
103 %
102',
Ontario Transmission 1st 5s. :: 1945 M N
»
»'
30'
,
800
Jan. 7
2
Savage Arms Corp.........5
2,300
>
82
% Jan 27
36% Apr 10
par
i% preferred.r........ 100
130
14
*80%
29%
Safeway Stores..No
400
15%
14
14%
14%
81; .. 81
•*i«
S16
?• 54%
-
15% '-15%
*15%
114% 114% *114%
3%
'-9
54
:
•
*30 >■ 31
*108.
12
36% 36%
108% IO8I.1
% Fe b
3
Dec
»ai
5
2
% Jan
Dec
27
34% Jan 27
i» Jan
-
109%
107%.
J
.
Highest
$ per share $ per share
$ per share
28% Mar 23
Lead.;.........%0
{St Louis-San Francisco... 100
6% preferred.......
100
{St Louis South western... 100
5% preferred..
..100
7%
*3
12
108% 108%
82
*80
7 32
St Joseph
300
29
600
37
♦36%
37%
108
108
15%. 15%
14% 14%
11%"11%
'5%
•
; 54
*28%
7% 7*1%
>1%
•*3,
12!
*36%
11
:
K'8%>: 8%
B»2
533i
'1
1965 MJV
1st mtge 4s i i.i%. 1967
V
8
7% v
1943 MS
_:_
_
■
I'ie
'
t'3% Y 3%
•48% '50%
'
'f V
$ per share
Par
600
..7i»
:
7%
v,
*3
yiii
3i»
;'■'•%
*3iV
-■
*11% -11%
•
?
*1:08
" 314
49%' 4912
"
'
»
.*1%
*108 ,.-108%
H34
*U;%
O
[ '"■
x
-
12
37%>:37%
108
;*3
t>
' 7%
.
*108
'
>
*%
81
28%
'1#
>5aj
14%': 341.2
*81
28%
%
*3/'.
108
108'
291.)
32
15% • 15%
715% '15%
14%
14%
14%' 14%
82
'*80% '82" >80
*30 f 3034 •-30%
36% *30.. -31> 114
's t -: ir_ *114% :v..
*ii4i8;^-•
69%
59%59%
53%
67%
'
42%
54%
39
.-7
.
45
7
■'
•
*1%
•<37%'7 37%
37%
107I8-107's
: 1 1558 157S
♦36%
73%
*%i
',-' *% V 7n
:*i% - 7%
*3
712'
%;
;«3
•
68
164
42 (f
5t %
58% -59%
-t
22
45
58%
J
_: : :
65
"73%
40%
,
Ref & Impt4Hsseries A.... 2047
?
78
H)
73%
J
A: Gen
76
76%
Lto
'7
*53t.
*28%
29%
29%
29%
1
:-:.*lVV778
J
k"
Shares
$ per share
Year (1941)
.
Lowest
I/, Highest
101
99
0
1997
Lowest
Week
10
113
-
'
North Pacific prior lien 4s.
April
'
••
*97%
0
1945 A
119
112
Monday
April 6
5s (stamped can-
eellatlou of guarantee),... 1945 A
-
High
119
:
NO
»•: 112
Jv
'
♦
.
High
■>Saturday
Range for Preoious
Range Since Jan. 1
On Basis of 100-Share Lots
EXCHANGE '
the
Friday
Thursday
Tuesday
STOCK
NEW YORK
for-
Jan. I
aqs<i
Hi&J,'*-121
Gen & ref 4 ^s series A1974 M S
{Northern Ohio- Ry—
r ♦tst gtd g 5s
Asked
&
STOCKS
•Sales,
LOW^AND Himi SALE PRICESj
tAvtll A
Week Ended April
RECORD
NEW YORK STOCK
BOND RECORD
NEW YORK
»«• %
1487
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
Volume .155
L
Feb
52
Sept
21% Sept
1% Jan
30% Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND
RECORD
NEW YORK STOCK
AND high
Monday
Tuesday
ft
April 4
April 6
$ per share
Sales
sale prices
Thursday
Avril 7
' Wednesday |
April 8
$ per share
$ per share
$ per share
On Basis of 100-Share Lots
Range for Previous
Year
EXCHANGE
Highest
$ per share
$ per share
Range
Sale
Y. STOCK EXCHANGE
Week Ended April
Lowest
Lowest
Last
BONDS
N.
(1941)
T
Week
10
April
Range Since Jan. 1
NEW YORK STOCK
r
the
Friday
April 9
STOCKS
for
LOW
Saturday
share
.4
*4-%
211
2%
*39^
5
5
2*8
*2%-
40
*3>
5
4%
2%
*H4
40
39
4%
4%
4%
4*8
*4%
32%
*30%
32*8
*3T2
3'Ms
573.i
65*4
57*2
53*4
4
■J
4%
94%
94%
94%
14%
3*«
46
46*4
168
*2*4
■i *9*4
*5%
39%
31
78
20'4
46
168
5lo
*514
39*2
*2%
9*4
3%
9*4
23*4
22
*21*8
30
22
3*8
*25g
9*8
93.)
*8S4
914
*83.)
Apr
115
*109
*
34
34
23*2
*23*2
241.)
*27*2
28U
5)0
*2178
28*2
217,
*2134
22*2
330
8
*3w
*34
50
*98 J4
1,500
5
Jan
3978 Mar 28
2»2 Jan
7
10% Jan 26
Jan
99
7
2
Mar
Feb
15%
15%
15*8
16
65%
64%
65
*40
40%
40
40
63
*58
63
49%
50%
40%
112% 113%
*17
17*4
*58
.
49%
*112% 113%
17%
17%
47%
*391i
*%
15*4
14lo
15is
631?
153g
*32
40'
40
61
6?
*0114
40*4
*39
40
40
*30
*53
63
*58
6*3*2 62%
50
50>4
114;.' 111%
17
187„
47%
*39%
*78
1
15% 1638
••;64'>;': 65
114!2 114*2
114's 111*8
*16lo
47l2
*39*1
*1612
*3934
*39*4
1
78
78
4934
17*4
471
1
*84
:
62
40
50's
95 ft
9% June
67)4
69ft
75
33
45ft
..1959
79
86 ft
St L Rocky Mt & P 5s stpd.-1955
55
60 ft
18%
:
26
Apr
t*St L-San Fr
Sept
*
*34
7i«
*"38
%
*is,5
19
*15jj
%
42%
*3314
42io
*31%
42t2
*3914
42*4
*13t4
14
*1314
14
14
45
45
♦13U
44
44
44
44
151
*144
151
14*2
435g
435a
.144-144
*148
152
*148'
14
*1314
45*4
45*4
*144
151
*144
148
148
*148 Vs 152 r*
151
144,
r
'
152
*148
7,J
.
16 lo
100
1
7)6
*39i4
*1314
4358
14*2
44
141
152
1,000
42
144
••
*148
No par
No par
U 8 Tobacco Co
7% preferred
25
United Stockyards Corp
1
United Stores class A
...5
86convpreferred... -No par
Universal-Cyclops Steel Corp 1
Universal T-eat Tob..
-No par
■:j
Dec
43%
Dec
69
Dec
47
Dec
105%
Dec
51% Jan
71
Jan
9
Apr 9
'Apr: 4
114
148
;
Jan
Jan
Jan
Jan.
42
19
"
ft
70*4
Jan
Jan
Jan
1%
lift
18ft
lift
lift
17ft
4378 Nov
64
16%
82ft
Nov 1989
57
31
51
15)4
2934
g 5sseries A....1990
75
34
St Paul & Duluth 1st con g 48.1968
t4St Paul E Gr Trk
,140
May
157
182
4348-1941
gu
St Paul Union Depot 334s B... 1971
S A & Ar Pass 1st gu g 4s
1943
San Antonio Pub Serv 334s—*1970
Jan
ft jari
234
4
7 ft
12ft
101ft 10334
99 ft 100 ft
1st 434s...1947
fJftSt P & K C Sh L
Jan
Sept
1133
21
78
..,..1989
unifying 5s....1952
term &
♦Gen & ref
j
Jan
Sept
,62
:
i*lst
17 34
12ft ,17 ft
Jan
1%
Dec
1634
V16ft
1950
Jan
z50% Nov
Dec
11
■j, *lst 4s bond ctfs
j *2d 4s Inc bond ctfs
Jan
33%
; 42% Dec
;
12
May
52% Jan
150% Jan.
159 "
?
Apr
130
Mar
%
7i4
.
Jan
Feb
65%
76%
10)4
of
♦Certificates of deposit
♦Con M 4 34s series A
1978
ft;
^CHs of deposit stamped—..
JSt Louis-Southwestern Ry—
28*? Sept
■i
lien 4s A..*.1950
deposit
♦Prior lien 5s series B
103*2 Sept
19% Dec
14% Jan
43% Apr
100
<
5534 Jan
13% Mar 28
pref.100
8% preferred
Universal Pictures 1st
152
58
112*4 Mar30 11934
24
16% Mar 30
39% Mar 27
46%
%Mar
ft l ft
?u Feb **«
42
Mar 11
44
100
Preferred
500
4712
*16
42
Preferred
U 8 Steel Corp
1.000
17
*39*4
*7,
1
*5,2
7u
*39%
ft 100
15,500
13i2 Dec
pr
♦Certificates
2% July
% Dec
17% Jan
39*4Mar -61*2 Mar 30
-49
Apr 9
Mln...50
50
U S Smelting Ref &
—
75
Feb
72% Jan
Mar
— .
& N W 1st gu 53-1948
St L Pub.Serv 1st mtge5s.
Aug
34%
4s .v—.1933
g
♦Certificates of deposit..
t4St L Peor
Oct
317g
♦jRiv&GDlv 1st
1
]
10*4 Sept
105
*58 ft
1996
St Louis Iron Mtn & Southern—
Aug
13% Mar
10d
8% 1st preferred
800
495,
IIH4
49',
lit
17
47lo
1,500
7ft
9
2d gold 6s—1996
>
Aug
4%
51
10
U S Rubber Co...—.
8,600
62
*58
49*8
*3914
*13*4
15
6 ?'s
40U
145g
,
95 ft
107 ft
63
8%
*107 ft
St Lawr 4,Adir 1st g 5s.
Z,'
*63%
434
5ft
7%
St Jos & Grand Island 1st 4S..1947
Dec
Mar 11
1
ft
10634 107
10 ft
16
15
634
8H
Saguenay Pow Ltd 1st M 43£s_1966
[ 25*2 Dec
24*2 Jau 25
»i« Jan
109ft 109ft
109ft 10934
*1063*
1434
-1949
1941
ft
13134
*10834
*109
t5*R I"Ark
43 .June
Feb
23
Jan
33%
Apr
12
Jan
Dec
54%
20*4
.
-
Apr
2%
5%
51ft
22 %
,
July
69*2
Feb
50
39
Oct
Feb
20..
4
30
Jan
27*8 Jan
21
Feb
25*2 Feb
111
Jan
23
Card Co
47g
pii 33
34% Jan 27
37g Jan 20
High
100 ft
■ ;
39
493*
*129 34
1967
t^Rut-Canadlan 4s stpd
t ^Rutland RR 4 34s stpd
98
50
ft
July
183
Apr
3^8 series H
Low
High
21
A.,. 1949
; Gen mtge 334s series I..... 1967
:
Gen mtge 33is series J-i.-. 1969
& Louis 1st 4>4s-1934
Jan
4% Sept
4
July
19
170-
Dec
14*4 Nov
93%
con & coll trust 4s
Gen mtge
Jan
13
t
Jan. 1
48%
gu
Roch Gas & El 4 34s ser D ——1977
Jan
117
Dec
'1st
,
5% July
7*4 Deo
37*2 Dec
;
100 34
50
5s .1939
Grande West 1st g 4s_.1939
j§*ltlo
Nov
42
9% Feb
684 Jan 14
Mar"
28
U S Pipe
U 8 Playing
172
5*8 Mar
34% Jan 30
5
Corp
Alcohol.No par
Apr
Dec
S3
7
1134 Jan 26
48%Mar 4
Jan
Apr
100
20
10
U S Plywood Corp
--1
tU S Realty <& Impt-.-No par
"i',400
*27*2
22l2
22*2
43
167,
100
preferred
& Foundry
Prior
115
*109
23*4
231
233.)
,8% Apr
No par
preferred
couv
*Jan
t§*Rlo Grande June 1st
3%Sept
51
100% Dec
8% Apr
2*2 Dec
2% Dec
Feb 25
-j-'O
'■<
..May ft 79
4% Dec
10%
;
4% Feb 27
3% Jan 6
23
No par
Partic&conv clA.-iNo Par
'""366
Mar 12
3
87
5h%
910
115
15% Jan 30
7
Mar 25
4
2% Jan
U S Industrial
3
*27*2
22
22
*4
;:,;**4
*258
23*2
28%
72*2 Jan 3
5*2 Jan 16
106*2 Jan 17
Jan
62% Mar
U S Leather Oo
314
*109
24
23«4
*27*2
30
Asked
Low
Revere Copper & Brass 3lis... 1960
,6*2 Sept
60
17
U S Hoffman Macn
200
"""SOO
29U
:
3%
5
13
Feb
77*2 Apr
Co
Gypsum Co
7% preferred
397,"
*35.
*29
*2«4
v
115
29
510
*5'4
397,
29
*35
Mar 27
No par
U S
10
35
t
93*2 Mar
pref.100
U 8 Freight
200
1,600
r
28%
*21%
:
461)
169*2
*161
5lo
*5
39%
*29U
10
*934
23'%
*27%
*35
,
3*4
*234
:
111% *109
*109
*St8
*45)0
46
453.)
167
167
51
5*8
3l7g
24
8*4
8^8
47
*161
ft 5
Mar20
share $ per share
1% Dec
20% May
/.
Since
<fc
Highest
278 June
,
Jan 10
'50
Foreign8ecur...No par
56 1st preferred
U S Distrlb Corpconv
390
•
30
28
9
*334
..
47
168
46%
U 8 &
90
78
20*4
*35
114
200
771?
2234
Mar 11
3?8Mar 11
10
United Paperboard
234 Jan 10
30
No par
Mer & Manu Inc v t c.l
500
3
,
77*2
*2012
30%
27%
*27g
278
80
39%
24
27g
.
*3
5
Jan
38
$5 preferred
United
6% Jau 28
2
United Gas Improv't ..No par
2,000
131o
358
13*2
3^8
United Fruit Co
500
98
23
9*4
*109
*3
2%
278
1314
13%
41g
*975s
$ per
4*4 Mar 31
No par
2,500
4,900
56
56
:V;'4^
4's
931
23
30%
*35
4
100
31
*77
3%
*35
56
••,98
♦45,
23
*161
51*
56*8
57
4%
9834
13'2, 13 V
3*8 N 31)
*334 'i ft
46%
1,600
*30
80
22*4
168
*160
5V
*5*8
*2'»%
9
4*2
3012
47,
3012
4
5S38
11%
*77
2284
*8*4
9%
*9%
*45*2'
*160
3
22%
130
4*2
47,
47g
Par
Inc..^.--.—--5
United Dyewood Corp.....10
Preferred
100
United Electric Coal Coa
5
United Eng & Fdy
5
United Drug
300
*96
4%
*3U
3%
*2% V 3
78
*77
22%
"25,
39*2
478
*4i2
*39*2 * 32
100
14%
31*>
*2%
80
22%
4
*95
14%
*3%
3
*2*4
*75
67*4
4%
95
14
14%
J *3%
571?
4
*2
*38
2*4
*33
3918
Vft;:. :''• ft ft ft ftft; ft/ft.; :■
1.700
39*2
434
2%
39
44)
*39%
,,
*214
39io
Shares
$ per share
43.1
2*4
43)
43.)
Range
or
Friday's
Bid
Price
10
Railroad & Indus. Cos. (Con.)
t per
RECORD
Week's
Friday
Oct
ioK*j»i6ift^
Santa Fe Pres & Phen 1st 5s... 1942
Scioto V & N E 1st gu 4s
*n3;
17*8
*9%
*20'2
*!13U
3212
*3i)'»
*30*2
%
23*2
23*2
*13
241
17*2
23
*22*4 23%
17*8
17;'4 1734
10% ;*1% 10%
21
20% 20%
*113 ~ 114
114
17%
*1714
17*o
17
11
10%
*17))
2lto
201)
2014
114
HUfi<*ll3
*113
*97,
*20*4
*113
32
*3012
32
to
*13j
'3J
Vanadium Corp of Am.No par
17.
Mar 11
Van Norman
2078 Jan
Jt%Mar
*307g
Preferred-—-----
31
31
60
*54
60
*•54
60
*49io
60
*19*2
*56
66
*53
66
*56
85
*58
60
66
Vicks Shreve & Pac
66
*22*4
23
2234
22*4
*22*2
23
225g
llo
1*8
*1*4
1*2
28*s
♦27**
28
28
*27>o
27*2
277g
112*8 11*2*8 *112 " 112lo *112*8 115
*1484
IS
18
*1434
14«4 143.)
27%
27*8
*1434
Ho
28
28
112
*2734
•
27
27
27*4
9D'
2734
*9H2
2734
•
*84
145
*122
145
*122
17*2
*14*4
27
*25"
*27
112
112
17*2
32
1*4
9%
9*4
9%
9*4
*24'2
2434
24*2
2434
24>2
9t4
24lo
91)
91)
24M
24L
9
24*4
24*.)
*23*2
14
;
800
$1.25 preferred—
Mar 11
---No par
Preferred
138
16
24% Apr 8
8% Mar
Jan
17ft
234
934
Oct 1949
1ft
15%
Dec
34%
Jan
j
{'Refunding 4s...-
1959
8%
Dec
15
Mar
20*4 Aug
Dec
39% June
.28
July
116
Aug
<45
July
i
Jan
,% Aug
111*2
;
57
.
Mar
57
66
<
4)4
cons
,
6s series A—
tJ'Atl & Birm 1st
gu
4
8
5ft
.1945
'Certificatas of deposit
ft
11
5ft
loft
15
4s...1933
2%
*4
t'Seaboand All Fla 6s
27
;
Dec
Dee
23*4 SePt
"-89-
iFei>j
9
.135
Mai
Dec
9S
99 ft
32)4
3/
1961
8lmraons Co deb 4s—
Jan
105
8outh & Nor Ala RR gu-6s
Nov
-
104ft 106
1963
106ft 107 ft
103ft 106)4
105
10534
South Bell Tel & Tel ;3348.1. —1962
3s debentures.
143. June
1979
Southern Colo Power 6s A
10% Mar 25
25
Apr 1
8ft
100)4 103ft
101 ft 103
1952
Skelly Oil 3s debs........—..1950
8ocony-Vacuum Oil 3s debs. 1.1964
Feb
33*2
•
97 ft
4
f§'Sllesian-Am Corp coll tr 7s. 1941
28*4 July
42
30% Dec
ft 29
95 ft
[■ 2?%ss f debs
118% July
•11
7.
5
3ft
Shell Union Oil 234k debs...-1954
Jan
i 1.14
-
8 34
ctfs... 1935
♦6s Series B certificates
1935
2714 Sept
Dec
ft 18% Dec
•,
•
1
♦Certificates of depaslt
♦1st
ft
Aug
Mar
>
125
Mar
Aug
20.
.
3134 Jan 20
.,29% Jan
96% Mar
-
1734
10ft
15ft
;
[*4s g stamiied
'Adjustment 5s..
1950
Dec
.
Jan 21
19
Jan'15
-
10b
-1
24*.)
90
120
petitniinfirCon—--100
Vultee Aircraft Iu«
8
1
3
14
I
2% Jan 19
29% Jan 19
115% Feb 25
27,*4Mar 31
6% preferred. -i. .. -------25
3,600
Jan
1554
31
25*2 Jan 19
25*2 Mar 28
Co—--------25
Virginian Ry
Vulcan
91,
9
9*s
22*2 Jan
1121
Apr
6% div partic preferred.100
pref.-.No par
5% pf 10U
Va El & Pow 86
-
9*4
1
Va Iron Coal & Coke
27
27
27*o
*26
*26
271.)
27*4
27*2
*27*4 28
28
28
28
2828U
28*4
,
"*841-2 '§1% -*34io
«n% *81*2 91*2 "*84*2
91*2
*122
145
*122 " 145
145
*122
*122
115
Feb 27
Jan
2
21
124
..1950
Apr
•ii
66
Jan
*123 ft
.15
100
Chemical Works
5
Va-Carollna Cliem
No par
18
24% Jan
115% Jan
Apr-10
53% Feb 19
Ry-_.100
6% preferred----
112*2 112*2
9
31
Victor
lto
23*2
1'8
225g
lto
*22*2
15,
*30%
Mar
112*4 Jan 12
5
Vick Chemical Co—
*54
112
!*84%
934 Mar 12
19
5
100
*56
1%
*1414
% Jan
Maoh TooL.2.50
23
1*'8
- - -
7% 1st preferred
60
23
-
Van Raalte Co Inc—
114
*113
66
*54
19
17*J
10
203.)
*97,
*20*4
20*2
55
29*4 Feb
* 16'4
114
417, Jan
Jan 20
24*2
lOio
*97g
*20*4
.32
"« Jan
22
*2212
17*4
"
30
.6
3
2
7
30
6
2
-100
-----No par
VadscoSales.
*,332
''Mil
24tol
*22l2
1989
fSeaboard Air Line Ry—
{♦1st g 48 unstamped
•22%
•
10534
1947
,
Southern Pacific Co—4s (Cent Pac
27%
27%
*5%
6%
*6%
*15%
*16%
17
6%
*32%
33%
14%
*32%
*14%
*2%
17%
4*4
4%
69
103*8
4
■'4
4
7
26*4
65g
6i2
1«34
6*4
163.1
*16*2
*96
16*4
*97
102*,
4*8
37g
37g
69*8
33
313.1
3134
32
14%
*33*4
*14*8
33%
14*«
IDs
*1334
115,
*14
3*4
h
*27,
*27g
334
18%
131o
3*4
1
18%
478
4'4
**2
*18
5
478
.
*69
69%
*2
.
*69
■i-
900
Waldorf
200
Walgreen Co.-
200
,,,
4
2,300
*7,«
lo
18*2
183i
47,
10,800
68*4
68*4
♦-.Class B.—.———No par
600
43,1
50
69
700
Feb
16
7% preferred.--—-—-100
5
15%
"»|«
"l»
900
23
34
*20
23
22
23
*•*4
*2134
"
23
23
100
J Warren Bros Co
$3 preferred
34
*20*2
21*4
*33%
*33'.)
34
.34
34
*33
34
*33
34
100
16
16
*1.514
16
*1.514
♦15*4
16
*15*2
16
100
*12l4
1234
16
J3>8
13
*12*4
12»i
13
1234
*121.)
»17g
123)
1234
■" 2
*81
21)
130
*17
17':
•12 V
2%
*8i
13
13
*12
13
1278
13
131.1
1278
*1278
13
*2
2*8
13ft
64
64
64
64
*62*2
43
43'2
43
43
43
43
65
67
43*4
67
67
*66*2
68
54
55
57
57U
.57,1
57
56
10512 105*2
15*2
15*8
404% 105*2
16
104«4
1043.J ♦102
14
14;tH
14*4
14
2*g
•fits
2i«
578
*9i«
1%«
2678
27*8
2712
167S
16»4
189s
60
:
121
*25ig
26
96.% June
5
:
;
9%
Apr
;. Gold" 4 >4s.
Jan
i
}
a
!
I'u Feb 18
19% Mar 25
57g Jan 3
74
Jan 16
3
i
.
Dec
6%
i 25'2 May
1*12*4 Feb
Feb 28
3% Jan 20
17
60
*50
02
02
i 24%'
2%
■■•■i -65
65
|*13%
14*2
14'
141
*314
2*2
52
:*46
y17■;i "*1^
♦
1*131.4
:
14%
31»
*2
v
J.
i'*8,
I
Sept
178
i.
Jan
i
2»4
! 53 -
1*4
4%
*17
<
17*4 "*700
j
Devel & gen
1956
6534
8534
88-
78 ft
88ft
)
Sept
Devel & gen 6
1956
90
9234
83
1996
*83
8434
79)4
80 ft
9234
84ft
86ft
8s.:ft^.ftift%«;fti.
348^
—...
ft Mem Div 1st g5sj—ft—....
6% Dec
77 - Dec
-
So*western Bell Tel 334s B—— 1964
7% preferred
6% preferred —
10b
100
West Penn Pr Co
6% preferred
100
1434 Apr
Western
10% Dec
10% Dec
1
17% July
( 20% Jan
Standard Oil N J deb 3a
10434
•0534
105
1953
1*2 Dec
80, Feb
j
Jan
Studebaker Corp conv deb 6s*. 1945
109 34
110
107)4 110
Feb
Superior Oil 334s debs.....'.. .1958
0134
10134
25% July
196i
100)4 103ft
10234 103
Western Pacific
2.400
70
3
Feb
Jan.22
(
|
89
18
.Feb
Nov
Westlnghouse El A Mfg
27
*25*2
*25io
*103-
20
105
*25
27
*25>8
*119
26
50
*50
*84
80
27
*25*2
25*2
402*2 104
93
121
25i2
59
*50 j
9.3
*84
150
Swift &,^Co.2 Hn debs*.
Mar
<
29?8 July
4% July
v
'"*30
65
641)
64'i
6634
*63*4
66*4
13*2
13%
13%
100
143,
1378
*3*1
1414
1,800
3%
400
141.1
*1314
13*2
*63*4
*1314
14*4
3'4
214
14*2
14*2
14
*3*4
3*8
50
3*4
2*8
2>8
2
,•
3*4
2
ft 2 '
2
500
'
52
16*4
16U
1*4
1*4
vl?4
134
:
*40
52
*40
52
16*4
*40
*1%
1%
5%
A%
*107
*105
130
*105
130
*48
50
5»
50
53
*48
53i8
*50
53%
90%
44*4
5>a% conv pref..-.---i.100
Corp.—No par
ft $5 conv prior pref—.No par
White Dental Mfg(The SS).20
White Motor Co.———
1
White Rock Mln Spr Co No par
White Sewing Mach Corp.—1
$4 conv preferred.- —No par
*15«4
16*4
•15*4
16*4
13l
Dt
♦IV
ih
5*8
2
*1*4
134
*1%
'"266
2
1*4
137
*105,130
*18
,/ 5 2-'
*50
53*4
107
137
105
130
*48
*50
51*
*107
105
*48
53
:
*49
-1 % May
24.%; July
Gen & re 5s series C
6
3■
Mar
2
-
V
15%. Jan
6
13% Jan 3
13% Jan 21
Man 31
•;
:
•
5
1,500
3,300
.
6
53
1.6*4 "Apr
8
,
200
,
900
49*2
«
52
Prior pf 4)4% conv ser.;
90
Mar 2 5
104;. Jan 15
*
90 C
90*2
*89
93
Wright Aeronautical. w^To par
44U
44*4
*42%
43
Wrlgiey (Wm) Jr
41% Apr 2
(Del) .No par
Jan
62
Dec
>.•
'
6% Dec
Sept
I sept
7
•77
Nov
115
Oct
33%.'Jan
34*2' ;Jan
ft 26*1 July
5
<147
Aug.
85 ft Jan
57% Jan 26
03
'3% ; Apr
^4%
60%; Dec
98Mar
-
Jari 27
44s,
2% May
"2% , Jan
;
Apr
.130 ft
July
.47*4,
50%'
86 .-ft
50%
73(2- Aug
l
Dec
75*4 Aug
122
July
Dec
Apr
80
Dec
.
:
•
•;
'
•,
1.
t
..
;
-:f< ! :.:••••,
•
•
ft.
34-.
69 34
69
60
69 ft
60 ■'
68 ft
6734"
104
•/ 10F-
69
102)4 104ft
..4934
57 ft
.1334"4114 34
.13ft
100 -r: 10034
49 ft
100
18)4
101ft
5134
4934ft'
■
if i--v
A..;
trol A
Ohio Cent ref A im pt 3 3^81960 J D
Tol St Louis A West-lst 48—„ 1950 4 0
'
•j-'
.*85 W',
■8334
"
v
•
••■84;V
,88ft
8834
90ft
81ft
85ft
•'<.'
4,'V
105 ft
——...
.100
C- L -1942 M S
Toronto Ham A Buff 1st g 4s. .4946. J D
Trenton O
El 1st g;5s.....—1949 M S
..Tri-Cont Corp 5s conv deb A.-1963 J J
Tol W V A Ohio 4s series
100 ft,
,
165ft iosfti
•
Jan
16 .'Dec
51
**0'o
5%
,19% Dec
23>g' Dee
100
*44
Jan
8% Jrily
ft
•
90%
-1'%
-109%
—
,
*
17%
'26% July
■i
t
"366
I
;
fti!%<Derj [
'
7,100
[ 15% July
\ 54% June
•;.
;
68
105 ft
104
.
J
-July
-80)4
9034
68
67 ft
•
•
0
Feb
4l<r
ft
,.
"
A
-18%-Dec
22%. Jan 13
Jan 12
.
«
1,900
10% Jan
10% llec
f'. ,i 2*4 ;Dec
3%'Jani.27 ft ';2% -Dec
68 ft
-:99 ft 101)4
99 34,102)4
61 ft
70 ft
.
0
:
.#AdJ income 5s.4..'— iJau 19430
4*Third Ave RR 1st g 5s..-.. 1937
Vv
92ft
104)4 105ft
'.DOr'j
10534
10534
105 ft
10534: •10534
10034' 10134
-100 34 f 10034
0
J
,
3% Jan 26
Mar
49
.4
1979 A
—
Gen A-ref 5s series D.—..1.1980 J D
Tex Pac MnPac-Ter 534s A.—1964 M S
ft
122
'
-:
'4ii
.-;.-
J
65
21% Apr
58% Dec
<;
;
107 ft 10834
109
110ft
101
102 ft
102 34
; ;■. ; v
.
.
-
Gen A ref 5s series B—. —ft .1977
l
121
;
109 ft
11034
J
gold 5s,
1943 J
1st ©old 53„;—2000 J D
con
Third Ave Ry 1st ref;4s*.,..L. 1960 J
10O .ft/Jan
30*4 July
70
Jari
,85 i,: Dec
4
6')%-Jan 29
14 „Jan 7
27%. Feb
Apr
----I
J
34% -Jan
36% July
1
60 ft'Aug
Jan 22
93
J
F A
ill2 7jr Aug
27%June
j .27% Apr
,
cons
—
Texas & Pacific;
•141 -ft- Mar
Dec
j
•105
103
:
122
A
Texas & N O
>:,7Uft'Oct 106 ftiJan
,t
8
; 2% Feh.lQ
5
1®4 Feb 28
i 1% Jan 3
Willys-Overland Motors.— 1 V l%Mar. 6
5% Apr 9
6%.Jan
6% conv preferred———10
6%- Jan 20
4*2 Mar 12
Wilson A Co Inc.....-No par
73*4 Jan 13
62
Apr 2
$6 preferred.i
'-No par
.4——-ft
Wisconsin El Pow 6% pref.100
24 *. Jail" 7
Woodward Iron Co
i.-10 "19% Mai-12
28" * Jan 1-5
22% Mar 30
Woolwortn (F W) Co
:-10
21% Jan2
Worthingt'n PAM<Det)No par : 17- -Apr 10
j 7% preferred A
i—-100 120 .Mar 25 12j0 Mar 25
Feb 13
117- Mar 3
\ 6% preferred B.—f
100 111
64 s Jan 26
50
Jan 26.
Prior pref 4 W7o series., 100
45
,
-Jan
29%.Feb -2
31*2 Jan -8
106*2 Jan 7
63*2 Jan
-^.-20
Prtof preferred
130
.
„
23% Apr. 9
Wilcox Oil & Gas Co—
,100
137
v
i
88
-
Whee.lng Steel
2,900
70
:
9
103 ft 105ft
10534
J
•
ft31% Nov
<
J
g
Texas Company 3s deb-._..—1959 A O
3s debentures
».L ft:...... 1965 M N
9^ July
.
J
Term Assn St-L 1st
[ Gen refund s f
Oct
J07
.<
5s. .1951
5s.ftL.1944
Ref & Lmpt mtge 334s ser B.1974, J
Texarkaua & Ft8gu;534s A.i.1950 F
i 20% July
i
103
4s..ft.^—i.1953
Tenn Coal Iron & RR gen
117% Jan
15 Dec
; 101*2-Apr
% 15% Dec
:i*4 '• Dec
i
118
101ft 107
4034
33ft
100)4 102 ft
10334 105 ft
10234
Jan
i-112'
6
102
1961
i.
109*4 111ft
36
Jan
"
Jan2S
127
Westvaco Chlor
59
93
2678Mar
81%. Jan
Prod.LAo par '-'22 Marl
$4.50preferred.-----No par 103% Feb 20
Wheeling &. L Erie Ry Co. 100
"""366
10434
104
9
0
118% Mar 25
67%. Apr
50
1st preferred.:—^———.50
Weston Elec Instrument. 12.50
g
2H debenture.
>
Jan
9
v
Western Union
'
<106%
115.
107%
99% Dec
Jan.,
113*2 Jan
10
Dec
88
•'Spokane Internat 1st
[74% Jan
j- 65% Mar
}
Jau
93
,
1
Jan
4U
80
1' 16*4 Mar
-
-
4,700
i
-
-
17
6
;
—100
6% pref .100
4% 2d preferred —
6734
1634
23*4
.,
102*2 Mar .-.9" 104*2 Jan
137, Apr 10
16%. Jan y
2*2 Jan 3
3%-Jan 27
4 <g Dec
5% Mar 30
8% Jan 28
*'i4 Jan 27 •% , %i Feb
i2.Janl2
23% Feb. 18
27s4 Apr 2 ;"18% -Feb
15
16% Apr 6
19% Feb 5
; Dec
100
——
Supply Co.-10
Maryland-'- —---100
Western Auto
100
"6700
;
20% Jan
104% Mar 28
West Va Pulp & Pap
200
Dec
13% Feb
Mar 28
52
414% Pf-100
Co No par
730
500
2,400
14
104
240
11034
10534
34 34
i
1
66>i
54»4
270
53
10534
4348. 2013
Stand.Olj of Calif 2%s debs... 1966
2
Feb
61*2 Apr
6514
110'ft
1st <t ref 3s series C—...... 1968
) *2. July
21% Oct
38
Sept
V 91.
56
86 ft
;
4
56
86 34
'<
Apr
42
23*4
50
94
6734
I
6
Apr 10
-No par
i
a ;■
19
1*7-1« "Apr
Snowdrift No par
1634
16*4
4434
69
<-v.
Feb
I
A.-No par
23%
130
43'2
60 ft
;•.
Feb
"
$4 Conv preferred
241,
*48
*90*4
Wesson Oil &
6714
*84
*48
04
—i.lQO
66«2
17
*50
*105
4334
02)4
Dec
%
i
West Penn El class
5t4 i 5*8
534
5%
:'f 5*8
5*8
•5*2
*5%
5*2
4%
434
4*8
4%
: i
4>« '45,
45® ^ 434
4>2
; 4*2
63*4
*3278 631 f 64
64
64
*63*2 64io *63*4
64*2 *63*2
118
*107
116
*107
115
*107
♦107
115
*107
115*2 *107
115*2
2012 201
21 ^ 21.
1*20% 20*2
22
*20*2
21*2 *20
21
*20'4
i
23t2 23*4
23% 24
24
24%
23'-, 24*4 *23*2 23*4
237,
23%
r 17% 175s i 1734 173.)
17%
177g
17*8
175,
17
17*8
17*2
17%
137
*105
*107
137
*107
137
*90*2
70 ft
88 ft
1956
-6
j
390
♦61%
♦4234
61ft
9034
4'-:
25
5
7
300
23*8
" l*40'-;f
•
7034
>'.V
^,'.i
ft
86
L
3
44
2412
3%
'
.6934
56
86
■
»
13*2 Feb
63
14%
.
82 ft
i
ft 2% Feb
63
24*2
*2%
18
86
ft. .1950
8
6
1;34 Jan
43U
25%
3*2
*1% ■:i l?,
l".: 1 *8
1%
48
8034
•1% Jan 20
11*2 Jan 15
43*1
68
65
;
56 ft
8534
:
.
2434 Mar 10
2
1
63
*131.1
13%
14*2
T
56)4
56J4
34.
5*34
8134
8534
39*2 Jan
2
Mar 13
Co—.-..--5
7% preferred
25
2lo
*17
48
54
.1946
Southern Ry 1st cons g 5s...ft .1994
L Devel & gen 4s series A..-—, 1956
HgJune
•
\ 26%
Feb
.
Wayne Pump Co
167g
59
*84
66
52
48)4
South Pac RR 1st ref guar 4s.
6% Sept
U -Dec
i-ISig Apr
f
Waukeslia Motor
Webster Elsenlohr—...No par
68*2 69*i " 67*8 67*2
*11812 120*2 120io 120*2
93
*50
y
3i2
*40
"
105
*2i8
,
5*4
;•?
18
60
24"g
57
64ft
.1981
San Fran Term 1st 4s
15% Sept
,
-j
i.
15*8 Mar 26
12
-Jau. 3
Telegraph. 100
Westlnghouse Air BrakeNo par
167g
25'->
*103
9 Ho
f
27
*25i2
25%
91*2
*64*4
17
70
1201 ■' 120i»
2434
55
58 v
57
^4*%i*—, .1969
JO-yearsecured 3){8..
Jan
j36
l)ec
i
.Gold
■T
26
*50
V
24%
I87g
69t2
'103*4 103*4 *102 " 105
i
400
Jan
Jan
19
31
No par
Washington Gas Lt Co.No par
130
*81
1714
6378
1,000
.
27
*25lo
17*4
100
.
No par
-No par
-
'
121
*26 r:
28*2
i*26
*17s
105*4 106
106
105*4 100 ^ 106
105*4 106
15*2
15*2
15*2 *1434
15*2
15*2
14»4
1434
102*2 102U *100*2 101*4 *100(2 101«4 *100*2 10434
14*4
143,
14*8
.14
143,
14*4
137g
14
2*4
;p:m
2*i
*2*2
*2*2
234
*2*2
2*4
*5%
5%
57«
*5*2
5*2
5*2
*51,
5l2
*9I«
'%«
»l«
*'l«
*»n
*1
*»)*
26% 27%
26
267g
25
25
25»4
25%
70
68*4
121
*120
57g
'*5*2
*%
27%
46*4
234
*2l2
..
*12*2
130
65
43%
*4
21U
2
*81
17i2
66
*402
130
*3
173K
0r>%
*15*2
2
*31
130
17ix
*62*2
*55
9
«4
34
17U
171.)
65
17*4
*62%
;
2«4
*81
42
■r
f
jt2
-
Warren Fdy & Pipe
16
*12%
60
50
ft St Louis Div 1st g 4s.n.„.. 1951
•33%
■:
50
58
.1968
22%
Dec
}
15% Jan 22
11
68% Apr 10
$3.85 preferred.-----No par
;
5
34
4-% Mar
Warner Bros Pictures
*15
,
50)4
60
5634
Gold 4348---*.
105% Jan
Dec
4
Mar
4% Jarr
334 Feb
Walk(H)Good & W Ltd No par
Div redeem pref
No par
6>4
18% Feb
102
'
*19%
6434
59
1st 434« (Oregon Lines) A..
I
30% Jan 26
;7% Jan 17
18
31% Mar 12
137gMar23
2*4 Mar- 7
1*2 Jan 2
No par
Ward Baking Co el A—No par
300
9
Jan-26
99
10b
3*?.
47g
69
—
Walworth Co.
Apr
6% Mar 25
16*2 Mar 16
System—.---.No par
No par
4-H% pref with warr
14*8
32
*2*4
1
63.1
16*1
183g
*'ie
*16«4
434
47g
6Q78
.
1,800
26
100
Wabash RR pref w 1
26*2
1021,
26*2
*2%
18*4
69*8
.
*96
26
33
*
%
•%
17*4
478
*65,
*1612
4
3*4
17%
6%
I67s
99
6%
33%
14%
3%
69
27*4
167s
4%
*14%
*2%
*%
*1
-•27
99
17
4
27*,
27i8
100
100
*95% 100
♦4
4%
63
.1949
.1977
I
27%
<
.1949
coll).
4s registered
y
27%
Jari
IPliliillll
junion
?'.>.•••;; 'ft.
■
Elec Co of Mo 334s...,.1971
Elec Ry (Chic) 5s....1945
JLInion OlKijt Calif 6sseries Aft,.1942
3s debentures —.ft—,.—.....1959
109 ft
M N
FA
^{♦Unlon
f
F
-
-
A
.1947 J
-f 8^-y^ar,334sUeb.ft!.1970
I <35-year'334s deb.J-.u—..yft.1971
A
100
States Steel
>| ,98 .ft:
1)8
0
9834
1*L'
•»
4
*
.1953 M 8 V-.'92'S;
99 ;
!)8 34 •
•104 ft-.- 10434
10634
10634
7534
t. 75-34
92
91ft.:
,97
•9634
•
1
-D
69
,
w,
108 74 Ul.
'.96 ft
99; '
98ft 99 ,v'
103 ft 105 ft
106 ft 107
;
.
7534
91 ."-j 97 ft
y.
>U N J-RR A Canal gen 4s.. ft;.1944 ¥8
[United
.99ft 102 ft
.
97^
10934" no-
J
[United Biscuit 334» debs.......1955 AG
Halted Clgar-Whelan 'Sts 5s...1952 AG
jUnlted Drug Co (Del) 5s...s..
100
9634
v96«
MN
;i980 J
Ref mtge 334aser A
,-s
GOO 34";
{Y
1st '& laud grant4s—
i:
-"inft
«
'•• 8ft.
,1003410H»«
*7
0
•ft- 3s debentures-^.-i—ftfts—ft.-1967 J -J
{Union Pacific RR— f-
10s
10934
•
A
'+■
f
r.
104ft 105
<*9934
<3
Corp—
Serial debentures
1
1
1942 MN
l'.25sftV—L.--k—May-. 1
1.375S-:v-t~fti~NoV' 1
1944 MN
ft, .75s———.—May
-.875»-ftr—ft-NoV
1.00s—.ft—j..May
fftl.l25s.-.L—J.'.Nov
'
•'ft
;
1
*173.1
12
*114
:
33*8
*31
10
17«4
*12
11734 *114
57g
f
I8S4
12
'
5%
33'4
8.3*4
10
18
*18
12
1214
11734 *114
*5*4
6
33*2
34
*817g
10
83*4
10
18%
12
7
18
117g
11734 *114
*534
33*2
*817,
10
6
34
8344
10
*612
18*0
12
1178)
173.1
1134
114
18*4
117,
*17*4
*11*4
12
114
114
-6
331,
3234
33%
327,
*817,
83*4
*817g
8334
*81%
83*.i
97g
97g
9%
9%
*534
57g
*5*4
Yellow Truck A Coach cl
1,700
'
1141,
33
Yale A Towne Mfg Co.-.1.25
600
18%
i
80
Young Spring A Wire.-No par
100
5%
33
Youngstowu 8 AT
No par
! 5M% preferred series A. 100
Youngst'h Steel Door..No par
4.400
'
*97,
10
>
;;
—-
Preferred.-.-i.-_
B—1
100
...
1,100
2
11 *2 Mar 20
111*2 Jan 3
5% Jan 2
32'4 Mar
6
Jan 12
9% Apr 10
'
M
,19% Feb -4.
15
13*? Jan 14
15% Jan
78
••
.10%
120% Mar 17
■
Dec
Dec
Dec
29
76
120
Dec
84
17% -Jan
,
Dec
37% Jan 13
•.
109%
5%
22%- Jan
.
: Dec
7% Jan 19
.
Jan 14
12% Jan .6
.
9%
-Jan
12% -Jan
42% Jan
95.
18%
Dec
'Aug
Jan
i
1214
1%'
12ig
1%
12*8
178
*»Bldand asked Prioss;
I2.*g
134 ,;
12%
l?4
12>g
1*4
121)
1*4
11%
1*4
12%
17g
11*4
178
1%
3.800
Zenith Radio Corp
1.300
No par
Zonite Products Corn.
1
;•
834. Feb 19
134 Apr 7
8
(12% Mar 30
}■ 2*4 Jan 26
:
15%
"Dec
'_!% - Apr
ft
{ (n
rajjivirsafp. ft
a
Dit. delivery,
n
Njw stu<c.
rCua sale,
x E<-Jlv.
yEe-rlgats.
1.6258.^-1; ft- ft Nov
1
1
.1
ift..
-1,80s.ft;—^ftft-Nov
1.90s..—
—ft..1—May
.'..Nov
'
100 ft
100 ft 100)4
1489.
.
100ft 100ft
100)4 10034'
10134
10134
100 ft
100)%
'100 ft
100 ft
101
TOO ft
102 ft
100)4 10034
1946 MN
1947 MN
v.
100)4 10134
1 1947 MN
1
Apr
page
.
,
100 ft 10034
100 34 100 34'
'10034
•lOO34
1
1946 MN
3% -Oct
Galle->jfor redanaptlon.:
:
•
1946 MN
For footnotes see
ay 4 ifei ox'tnli d
i/.
■;
1 1945 MN
1.60s.--ft—1
1.85s
12
'100 34
"i
1944 MN
T.75«ft---.^-May
i*
.
*10034
■
May
<•
„
12*4
1%
*3
1942 MN
1 1943 MN
1 1943 MN
,
■;
Volume 155
THE,COMMERCIAL & FINANCIAL CHRONICLE
.Number 4063
.
NEW YORK BOND RECORD
Friday
Friday
BONDS
Week's
Last
Range or
Range
Sale
Friday's
Rid <ft Asked
Since
.
N.'Y. STOCK EXCHANGE
Week
Ended April
Price
10
Railroad & Indus. Cos.
Railroad 8c Indus. Cos. (Con.)
%
Serial debentures (Concluded)—
1.95s
2.00s..
1 1949
1 1949
......Nov
2.05s
100 4
........May
2.10s
Nov
i'-rt 2.158....^.......May
1 1950
1 1951
1014
Nov
2.45s
1 1952
1 1953
2.50s
Nov
2.55s.
May
1 1953
1 1951
2.60s
Nov
1 1954
2.65s.May
Jan.
ser
1
A.1946
*58 assented
-
Since
&Indus. Cos. (Concl.)
{♦Western Paolflo 1st 5s
..1946
Western Union Teleg g 4 4s...1950
\
25-year gold 5s_...
30-year 5s
,
1951
i960
Westlnghouse El A Mfg 2^3--195"!
guar.......2361
Registered
.......2361
West Shore 1st 4s
1939
1941
West Va
Pulp A Paper 3s.....1951
Wheeling & Lake Erie RR 4s..1949
♦Toledo A Chic Div g 4s—
1 1952
Nov
.....May
Range
Friday's
&
Asked
Rid
♦Ctfs of dep (reorg mgr)
1 1951
May
1 1955
2.408.......
t
*0118 of dep (reorg mgr)..
♦Omaha Div 1st g 34s
100 4
May
r
Railroad
Last
,
....
♦Des Moines Div 1st 4s~
1004
Nov
2.2.5s
2.35s
Asked
♦Ctfs of dep (reorg ingr)..1941
i
1014
2.20s.
2.30s
&
♦Det A Chic Ext 1st 5s—
101
1 1950
Rid
*
1954
Mat lien g term 4s
100*4
Price
Range or
Sale
Week Ended April 10
!
♦Ctfs of dep (reorg mgr)
1 1948
1 1948
May
N. Y. STOCK EXCHANGE
(Con.)
{Wabash 11R Co (Concluded)—
United States Steel Cor > (Con.)—
i
BONDS
Friday's
Price
10
Week's
Friday
Week's
Range or
Rale
EXCHANGE
Week Eailed April
1
Jan.
STOCK
,
Last
BONDS
Y.
N.
mgr).. 1941
^.1971 J
J
1981 J
series B.1991 J
J
J
♦Ctfs of dep (reorg
1st rntge 4s series A
Gen rntge
4s series A
♦Gen rntge lnc 44s
Wheel!ng Steel 1st 34s ser B..1966
Wilson A Co 1st M 4s A...... 1955
Conv deb 34
-
i.,1947
1960
Winston-Salem 8 B 1st 4s
{♦Wis Cent 50-yr 1st
{♦Wabash Ry ref A gen 5lis A. 1975 M S
♦Ctfs of deposit (assented)
....
§*8u A Du div & ter 1st 4s..1936
series B
1976 F A
♦Ctfs of deposit (assented)
I ♦Ref A
Utah Power A Light 1st 5s....1944
gen 4 >$8
(assented)
♦Ctfs of deposit
♦Ref A gen 5s
*1094
34s_1971
{♦Wor & Conn East 1st 4 48—1943
1980 A O
series D
: A:.
1968
1064
Wisconsin Public Service
;
..
184
i
♦Certificates of deposit
Wisconsin Eleo Power 34s
1978 A O
series C
45 4
4s...1949
♦Certificates of deposit
♦Ref gen 5s
ifJnited Stockyards 44s w W..1951
AJtahLt&Trac 1st & ref 5s
1944
gen
♦
12
♦Ctfs of deposit (assented)
1955 A O
Walworth Co 1st M 4s
Va
Va
1st cons 5s
Deposit receipts
3 4s
2000 F A
Washington Cent 1st gold 4s.. 1948 Q M
1966
Washington Term 1st gu 34S-1945 P A
1st 40-year guar 4s
1945 F A
Westchester I.tg 5s stpd gtd...l950 J I)
Gen rntge
1967 J
34s
1st rntge
§*lst gold 5s
1966 J
4s.....1952 A
J
O
1977 J
gold 4s... 1943 A
./
O
3 4s series 1
Western Maryland 1st
♦Ctfs of dep (reorg mgr)
1st A ref 54s
§*2d gold 5s
series A
West N Y A Pa gen
♦Ctfs of dep (reorg mgr)
I)
*364
.....
38
a
81
82 4
*104
1064
82 4
.....
.....
*1194
1104
119
1104
90 4
99
69 4
82 4
105 4 1054
119**1*214
1214
*108
*1074
.....
27
...
4
1024
...
...
1104
3
90 4
100
1024; 1024
54
1104
89 4
994
16
18
1074 109
1094 110
110
1114
88
914
974 102
102 41044
d Ex-interest, e Odd-lot
Under-tho-rule sale not included in the
Deferred delivery sale not inoluded In the year's range,
sale not included In the year's range,
year's range.
*984
.....
1963 .If S
West Penn Power 1st 5s E
{Wabash'ttR Co—
f
's:' Conv deb 4s
? 1st mtges f 34s ser D...
—
Warren RR 1st ref gu g
1958
—
Virginian Ry 34 series A
Youngstown Sheet A Tube¬
1941 If S
t§*Warren Bros Co deb Os
1968
Iron Coal A Coke Ist.g 5s.. 1949
A Southwest 1st gu 5s..—.2003
Va Elec A Pow 3 4s ser B
O
.1948 M S
Warner Bros Pict Gs debs
...1957
Cons s f 4s series B-
.1955 4
6s debentures
VandallaRRconsg 4sseries A.1955
;
n
r^Cash sale not included li the year's range.
8 Negotiability Impaired by maturity,
tion per 200-pound unit of bonds.
Of $4 8484.
t The price represented Is the dollar quota¬
Accrued interest payable at the exchange rate
{ Companies reported as being in bankruptcy, receivership, or
*
Friday's bid and a3ked price.
♦
Bonds selling flat.
reorganized under
companies.
Section 77 of the Bankruptcy Act, or securities assumed by such
No sales transacted during current week.
'
NEW YORK CURB EXCHANGE
AND YEARLY
WEEKLY
In
footnote
a
in the
week
in which
No
they occur.
list we furnish a complete record of
(April 4, 1942) and ending the present Friday
tended to include every
Last
STOCKS
Sale
Price
Weeks' Range
of Prices
Low
-
High
STOCKS
Last
Weefc's Range
for
(Continued)
Sale
of Prices
Low
High
Week
Price
Shares
Associated Elec Industries
Amer dep rets reg
§ Associated
'
.
19
Jan
20
Actfe Wire Co common. 10
^leroSupply Mfg Class A -1
Mar
54
Mar
Assoc Laundries of
54
Mar
Jan
Jan
Apr
84
Feb
14
Jan
Juu
Assoc Tel A Tel class A..*
Atlanta Birmingham &
Coast RR Co pref... 100
Atlanta Gas Lt 6% Pf. 100
Atlantic Coast Fisher.es..1
Corp*__50c
•Air investors common...2
Conv preferred......-10
14
1
14
Alabama Gt Southern..50
Alabama Power Co $7 Pf.*
774
Jan
83
Apr
107
Feb
I
*
844
Apr
97
Fisher lnc com...*
Atlantic Ccast Line Co..50
^'Atlantic Rayon Corp
1
Atlas Corp warrants..——
-Atlas Drop Fcrge com...5
'Atlas Plywood Corp
*
Automatic Products
i
A utomatio Voting Mach..*
;Avery (B F) A Sons com.5
r- 6% preferred w w
25
6% preferred x-w
25
Mar
94
$6
preferied
;
24
14
Jan
Jan
Feb
24
Jan
investment.;—*
Allied IntlInvesting—...
i
$3 oonv preferred.i
*
1
Jan
Jan
i'i»
iAllledProducts (Mich)..10
18
Feb
com....25
21
Apr
194
224
80
Apr
105
Feb
Jan
Jan
Jan
Alliance
class A conv
/yfryf-P
<,
4
Jan
Mar
Jan
'
Altorfer Bros common...*
Alumluntn Co common.. .*
100
103 4
Apr
114 4
Aluminum Goods Mfg...*
124
Jan
124
Aluminum Industries com *
44
Apr
54
preferred
6%
74
Mar
78
904
Jan
96
American Beverage com..l
4
Jan
Co.—100
204
Jan
34
Jan
44
Jan
64
Feb
Mfg...r..l
,Amer Central
4
24
1. Class A
j:
ClasB
Clai.8
5
5
A>25
»
B....-—.1
Amer
4
Baumann—See "Ludwig"
Mar
414
44%
244
Jam
' Feb
preferred...--100
Uc
14
254
Feb
Mar
284
124
21
Mar
Mar
18
Jan ' *22
Apr
114
Apr
264
184
Mar
preferred—1
...
i
Co.-25
184
74
OK
preferred -I.
.'25
Co common.100
Amer Mfg
79 4
-.Preferred......—^..loO
Mafacaibo Co.——1
Jan
»i»
Juu
Amer Meter
204
Mar
Ajmer
54
•Amer
■
Co.—-—«T*
Potash A Chemical;*
; American. Republics... .10
: A met Seal-Kap common..2
|Am Superpower Corp com *
1st
f
'
Paper com.*
Anchor Post Fence
2
Apr
y
•.
.Arkansas P4LJ7 pref...*
Aro EtRilpment Corp.—.1
Art MetalWorks com
5
Ashland Oil A.Ref Go....1
Assoc Breweries of Can..*
I
.
For fo otnotes see page 1492,
.1
Jan
Apr
Jan
Jan
Jan
85
'Jan
4
Jan
204
274
614
Apr
64
24
Jan
Mar
J&n
24
2 4
Jan
24
2
Feb
*
*
ia,6
2 4
'
14
9
Borne Scrymser Co
..25
Bourjois Inc.——...U'
*
Bow man-Biltmore coin .J.*
J
7% 1st preferred
'100
f $52d preferred-,
£.'.*
Brazilian Tr Lt A Pow...*
Breeze Corp common
1
BrewBter Aeronautical...I
Bridgeport Gas Light Co.*
Bridgeport Machine—...*
Jan
Jan
3
Jan
Feb
8
\ 7% 1st preferred—-100
Jan
Jan
Jan
.484
24
Feb
Mar
Jan
Jan
*i»
Mar
Apr
Mar
Jan
.-'--A
914
Apr
,.
i
Mar '
0
Mar
Mar
874
4
76
Mar
Brill.Corp class A
Jan
1034
•
-4
4
'
Jan
Jan
Jan
100
Preferred
f
1
14
74
-
Conv preferred........*
Berkey A Gay Furniture.1
•Blokfords lnc common.._*
$2.50preferred..——.♦
Blrdsboro Steel Foundry
i A Machine Co com....*
Blauner's common._.....*
dJIlss (E W) common
._1
Blue Ridge Corp com....1
;
$3 opt conv pref
*
:•
V. - ;
Blumenthal(S) A Co
*
Boliack (H C) Co com...*
Jan
Mar
•'*>
Nat Gas com.—*
{.Common cl A uon-vot- -*
6% preferred
..i.10
-.20
Bell Tel of Canada
100
Benson A Hedges com—*
i
Feb
Feb
384
14
■
'^Arkansas
24
284
32
-"-in
;Ango8tura-Wupperraan . .1
Apex Elec Mfg Co com...*
^Appalachian Elec Powhr—
-*4% .preferred.....100
$1.50 conv pref
Beech Aircraft Corp
Jan
14
$6.preferred—i.—.*
>Ainer Writing
.
204
104
44
"$6 Series preferred—'...*
American Thread 5% pf. .6
,
I
Jan
Jan
124
Apr
Mar
$2.50 conv
{
Feb
14 4
fAiner Laundry Mach..-20
i Amer Lt A Trac cpw—25
mrt
v.
82 4
.$2 conv preterred-^.'.-l
6%
Jan
»«
11
com^..*
tAmer Hard Rubber
Beau BrummellTies Inc..1
Beaunlt Mills lnc coin.. 10
Jan
Mar
Bcllanca Aircraft oom_—.l
EleC---10!
{Amer General Corp eem
l
Jan
r.__
•
American Gas A
4
184
Lines com^il
Amer Fork A Hoe
Feb
Jan
Fe'>
Mar
30
Bn-v.—------10
,Amer Foreign Powwarr—
I '.
' '
!{ ' '' (»v;
■
Jan
4
4
Mar
Oyanamld class A.10
.Class
Amer Export
♦
warrants for com.
13
69
i
Purch
Mar
Jan
654
{Amer Cities Power A Lt—
i
Conv class A—-26
iv
Babcock A Wilcox Co
Baldwin Locomotive—
i
Jan
8
i
'
Class
Jan
Jan
8
5
Jan
54
Jan
Jan
44
13
Jan
Jan
34
18
Jan
*
—_....*
B
7% preferred..,
100
Brillo Mfg Co common...*
; Class A-—
!.....'.*
Feb
64
Brown Forman Distillers. 1
*
Brown Rubier Co com..!
common.5
Buckeye Pipe Line
50
Bruce (E L) Co
Buff Niagara A East Pow
#1.60
—
prelerred......26
*
$5 1st preferred-
Bunker Hill A Sullivan 2 50
Burco lnc #3
pref.--....*
Burma Corp Am dep rets..
Burry Biscuit Corp..124c
y.
\
,.
50c
Cables A Wireless Ltd—
144
Ja i
Jan
Feb
1
*
Class A preferred
Vot trust ctfs
D
Mar
4
'a
74
com
I
Cable Elee Prod com.-50c
D
■
f
7% pieferred
30
Baldwin Rubber Co com. 1
Barium Stainless Steel—1
Barlow A Seelig Mfg—
f. 51.20 conv A com__..5
Basic Refractories Inc._.l
on.i^:10c
.'Common class B .—10c
$3 preferred..... i . .; .*
$5.50 prior pref
—*
t
|
^
-y ■■■■:■■
/
American Capital—
Brown Fence A Wire com.
AyrshirePatokaCclllerle* 1
}
Apr
4
American Book
*i»
dep rets ord reg-.lOs
British Col Power cl A...*
Axton-Flsher Tobacco—
Class A common
.-19
Jan
Jan
Feb
^Amer Box Board Co com.l
Warrants
Apr
6% preferred..100
Aluminium Ltd common.*
^
,
£1
dep rets crd reg.. -£1
$6 preferred
Jan
Mar
»»
Warrants
Co.....*!
Am dep rets ord bearer
Am
Amer.*
Jail
Jan
64
Aircraft Access
Price
British Amer Oil
Am
4
Alnsworth Mfg common..5
lnc (N J)..l
Air Associates
of Prices
Low
High
British Celauese Ltd—
*
$5 preferred
Week's Range
Sale
British Amer Tobacco—
—1
Class A
■"
Mar
20
Last
Shares
•j
1
44
—...—1
Class B
Feb
224
£1
Gas & Elec—
Common
/ ■'
Sales
STOCKS
(Continued)
Range Since Jan. 1
Week
Fange Since Jan. 1
for
Friday
Sales
Friday
Sales
Friday
weekly range are shown
V; V !
the week beginning on Saturday
Curb Exchange itself, and is in¬
the transactions on the New York Curb Exchange for
(April 10, 1942). It is compiled entirely from the daily reports of the
security, whether stock or bond, in which any deal ings have occurred during the current year.
In the following extensive
last
A lies A
RECORD
the only transactions of the week, and when selling outside the regular
account is taken of such sales in computing the range for the year.
disregarded in the week's range uhless they are
NOTICE—Cash and deferred delivery sales are
A m den 5U% nref sbs £1
Calamba
Sugar Estate..20
California Eleo Power... 10
Callite Tungsten "Corp... 1
Canada Cement Co Ltd.*
Canadian Car A Fdy Ltd—
7% partlc preferred...25
Can
Colonial Airways.-.1
Canadian Dredg A Dock.*
Canadian Indus Alcohcl—
V Class A voting........*
Class B
lion
*
vot..
Canadian Industries Ltd—
7% preferred..
100
1
Canadian Marconi
Capital City Products...*,
'j
' v*-K
'•v■ V 1: vK;
Carman A Co class B
*
Carnation Co common...*
Carolina P A L $7 pref...*
$6 preferred.....
Carrier Corp common... 1
Carter (J W)
Co common.l
Casco Products..
J..*
10
Castle (A M) common..
1
com.—*
7% Pf 100
N Y Pow 5% pref. 100
Ohio Steel Prod....l
Catalln Corp of Amer
Cent Hud G A E
Cent Maine Pow
Cent
Cent
Cent Pow A
Lt 7% Pfd 100
West Utll 50c
Cent A South
Cessna
Aircraft Co..
1
Chamberlln Metal Weather
Strip Co
—.5
Charis Corp common...10
Cberry-Burrcll common..5
Chesebrough Mfg
25
Chicago Flexible Shaft Oo 5
Chicago Rivet A Mach...4
for
Week
Shares
THE COMMERCIAL & FINANCIAL CHRONICLE
1490
,
,
.Monday, April 13, 1942
,
NEW YORK CURB EXCHANGE
Friday
Sales
Friday
STOCKS
Last
Week's Range
for
(Continued)
Sale
of Prices
Price
High
*
»u
*
*
86 preferred
60c preferred B
Week
Mar
2%
2%
Mar
Apr
37
3534
;
Equity Corp commoa—10c
$3 conv preferred —1
Feb
55
434
Mar
Jan
Feb
334
Apr
2%
45
86 preferred BB
*11
14
Jan
Eversharp lnc com
Feb
High
3i»
i„
Range Since Jan. 1
Shares
STOCKS
pref.*
*i«
■
11
Jan
Jan
1
c"
234
1634
*234
Jan
19
22
Jan
Industrial Finance—
Jan
"
v
1434- Mar
;>-234
|
Jan
Apr
Apr
2 34
Apr
8254
434
Jan
Jan
City Auto Stamping
City &■ Suburban Homes 10
434
6 34
<634
6 34
Clark Controller Co....
Apr
Mar
654
Mar
Mar
Falstaff Brewing
1434
15
v
Inc.-l
Claude Neon Lights
Jan
34;
Clayton & Lambert Mfg..4
Cleveland Elec Ilium
"
Cleveland Tractor com..
1
Aviation
8X
934
Falrchild Eng & Airplane. 1
....1
5 34
■AH
4X
Mar
634
Jan
-334
Jan
454
Mar
Cockshutt Plow Co
Mar
'TV
354
Jan
Feb
354
754
34
Jan
7
Co...*
com.*
luc.*
X
ord...
Colon Development
Mar
Jan
X
34
6% cqnv preferred...£1
434
"in
Colorado Fuel & Iron warr.
734
Jan
734
-Jan
434
Feb
600
434
434
100
Feb
7234
2234
Apr
34
Jan
vl03
X
%
Apr
International
1154
UX
iy\2X
j,
Class B.
Feb
I
11.75
1334
Feb
154
*,»fVnr
>*M Mar
Distribution.. 1
25
34
Jan
%
r.
Community Pub Service
Mar
13
X-
134
Jan
934
934;
Jan
Jan
Jan
i
Mar
8X
M ar
Jan
954
454
9
.
.
4
,
Jan
Jan
'QifUbk *
:
■
2J> i
4234
4234
9534
9534
1034
2034
19. Mar
8r
,»u Mar
Feb
jjj
Jan
—1
hi
Apr.
734
Apr
10
2334
Apr
28
—
t
2354
|-
2354
,.j 534
5
Vl5'4
:i6
Jan
34
Jan
JftD
16:
J4
Jan
Jan
1034. Jap
834 Mar
ii-
Jan.
Jan
1:
,34
Irving Air Chute..—...
Jan
Mar
15
.
Interstate Power $7 pref. f
v.Feb
in
6.-T..;;-Apr
,t
Iron Fireman Mfg v t c.w*
Jaa
Jan
334
preferred—j.-—-*
Investors Royalty....i.
-834-.Mar
Feb
IX Mar
;
--
Interstate Hosiery, MUla.
if.
,
6i«
■»!#
.
.Si' ..Jan
Utility—
Class
$3.50 prior pref..j.-.i.w*
Interstate Home Equip.. 1
9 .- v Jan
-1034
Feb
17-Mar to7;.; Mar
; to
Jan
.Jan-
$3 conv stock
*
4% conv preferred...100
Jtr
.954
1.454."
-
—1
Conv partlc pref
15
Fuller (Geo A) Co— ...—1
;
Warrants
Jan
Jan
3js
V
•:
Gamewell Co 86 conv pf_*
%
2,
.
.Internat Safety Razor B
Jan
Jan
Common.—
,
'f'?
Feb
Mar
13
Petroleum—
Registered shares—..
154
Froedtert Grain & Malt—
Columbia Oil & Gas
1
Commonwealth & Southern
134
134
Coupon shares.—....
134
Brewing C0..0
Franklin Co Distilling...1
Jan
2434
International
i
134
Fox (Peter)
69
Mar
,v*i«:'Jan
9%
7734
_
Apr
Elec—
International Products.-
Yards.
Fort Worth Stock
6854
Feb
Internat Paper Co-, warr..■-
Jan
•a.
*
Jan
22 34
Mar
1034
6334
"6434 'iaii
*
Jan
.26
6% preferred
Commonw
Mar
Mar
6-54
6%
—
reg—£1
Class A non-vot
234
Columbia Gas <fe Elec—
r
Mar
034
534
2
Jan
100
Colt's Patent Fire Arms
<
IX
100
134
Motor of Canada—
Class B voting..—
V
Jan
134
6634
34
734
6134
.
61 34
Jan
Motor Co Ltd—
Am dep rets ord
Ford
4%
Apr
.2,600
934
234
Florida P & L $7 pref..—*
Ford
Jan
Cohn & Rosenberger
Feb
Fire Association (Phila).lO
<
Club Alum Utensil
7 X
6
25
Fed Compress «fe W'h'se
Jan
300
654
Fedders Mfg Co..1———-5
Mar
35
5
25
•»..
V t c common. V—— 1
Internat Metal Indus. A.
Feb
5
Apr
■■■AH-
Cllnchfleld Coal Corp.. 100
34
Mar
2334
434
"25"
i
Low
Internat Industries Ino.-l
Fairchlld
Fansteel Metallurgical—*
•
Range Since
;•
Pref\$3.50 series.....50
Jan
4 34
for?,.
Week
Shares.
High
-•••
•
International Cigar Mach *
Jan
Jan
8254
>
60
4 34
Low
)
7% preferred—i.V.100
Insurance Co of No Am. 10
Internat Hydro
Mar
56:
86 preferred
of Prices
Price
t
Cities Serv P & L 87
Week's Range
Sale
High
Jau
52
Last
(Continued)
1534 '1534
254
254
Esquire Inc..
-1
Eureka Pipe Line com..50
Jan
Low
Sales
Friday 1
for
of Prices
Price
8
234
36^
Week's Range
Sale
Shares
100
preferred
Cities Service common.. 10
Last
(Continued)
Range Since Jan. 1
Mining...
Chief Consol
Chllds Co
Low
Sales
STOCKS
Week
Jan
%
rtw-
.inn
Italian Superpower A...
Mar
too
Mar
30
Feb
40
Mar
4434
Jan
88
Jan
95.34
Apr
,354
Feb
434
Apr
„
Feb
.vi
Jan
18
'
Jacobs
Community Water Serv..l
Compo Shoe
Apr
lie
•n
Jan
Vtcexttol9l0
1
Conn Gas & Coke Secur
Common
$3 preferred
934
Mar
:•
*
f
*
Common
5%
1
ia
v.
Jan
134
1
i
1
ConsolG ELP Bait com *
V
434% series B pref.JOO
4% pref series C...-100
Consol Gas Utilities
1
Consol Mln & Smelt Ltd.5
Consul Retail Stores.....1
J
8% preferred.—
100
Jan
'■';?■ 134
11434
102
Jan
1434
14 ?4
Jan
Gen Gas & El $6 pref B..*
75
85
Jan
5234
ord reg.£l
Gen FireproofIng com—*
General Investment com.l
Mar
3934
Mar
Apr
9634
134
2534
Mar
Jan
Jan
•
Mar
334
Mar
Gen Outdoor Adv 6% pflOO
55
Apr
69 V
2134
Jan
2734
*
6ib
Apr
134
Jan
Feb
134
Jan
General Shareholdings Corp
534
Jan
34
Jan
4234
Apr
98J4
Jan
101
Jan
Knott-Corp common
100
Jan
7
Jan
Kobacker Stored lnc
66
65
X
65
68
8
4X
31
32 %
4%
Jan
12 34
834
834
34
stock
Common
Apr
*
42 34
1334
2
Petroleum...-.--5
Crocker Wheeler Elec...*
Crott Brewing Co.-.-,—1
Creole
5%
7
Georgia Power $6 pref—.*
88 34
81 34
8134
preferred...
Jan
Gilbert (A
Gilchrist Co.
8.1
Feb
Jan
Jan
C) common..*
*
Preferred
86
"u
preferred.--.-—-.10
Cuban Atlantic Sugar.—5
'Cuban Tobacco com
}"ux "ilx
2.50
Mfg Co (Mo).
6
2
34
534
34
21
Jan
8
1534
Jan
634
103
d
Jan
Feb
Jan
8
41
Jau
1054
434
—6
Mills.*
Rubber Mfg
1
Dayton
Jan
1234
20 X
3
Feb
100
Jan
Non-vot
lu
*
Feb
634
Jan
134
*
1
134
X
Jan
134
-
28
7
334
234
3 34
234
Jan
stock._.*
100
74'
128
7434
v
634
Jan
1834
354
Apr
124
Feb
131
'i»
25
Greenfield Tap & Die
*
Grocery Sts Prod <rom..25c
97
Jan
5234
1334
Mines
Jan
734
22
...
Jan.
common..
1
Leonard
Mar
Llpton (Thos J) lnc— X
Jan
v
Apr
109
Feb
Jan
Mar
Mar
Harvard Brewing Co...
Mar
Hazeltlne Corp
Mar
6% conv preferred—.50
Heela Mining Co
25c
AX
Helena Rubensteln.
934
934
Feb
i
Heller Co common
common..10
1
4
3
3
Mar ^
234
1734
—
1734
ax
ax
17
19
7X
.—...*
Driver Harris Co
10
7% preferred
..100
53 %
21
Draper Corp
7X
59
24
64X
64^
1X
1
X
Feb
7X
-
7H
East Gas & Fuel Assoc—
...*
43
2634
25 %
M ir
434
Apr
Mar
Mar
5X
Jan
Heyden Chemical..—10
Ilildock Products
2 34
7434
Feb
354
1134
8834
134
Mar
154.
Feb
Motion
Mar
1734
Jan
Mass Utll Assoc
34
',i
f
Class A——
.2
25
""534
23
"ex
2334
4X
19
Hoe (R) & Co class A...
Apr
Holllnger Consol G M...5
Jan
10
Jan
10
Jan
Hnlophaue Co common
14
2
2
7%
1
4Q%
!
_—*
.*
44
♦
2
i-
1X
4D
46k
3
Option warrants...
Electrographlc Corp
1
634
Elgin Nat Watch Co...15
Elec Mfg
...4
Empire Dlst El 6% pf 100
Empire Gas & Fuel Co—
6% preferred
6
34%
preferred
7% preferred
8% preferred
;
Jan
..luOi
lOOX.
Empire Power part stock * i.
89
——
Emsco Derrick A Equip..5
Miygay
Jan
Apr
Feb
102
Jan
J
Mar
10
Jan
Mar
1634
»u
Jan
Jan
^ Mup
r
2634 ,Jau
27
Jan
Jan
Jan
334
Jan
t c..
234
ht
Apr
common.
i 1H
Feb
Shovel..
534
634
Massey Harris
Mar ;-.;,754iJan
534
-
v
Jan
Horn (A C) Co cominou
McWllllams
Feb
Horn & Hardart Baking.*
Mead Johnson & Co...i
64
Feb
Mar
2X
70
X
Jan
2M
*i*
Jan
1
Feb
7X
13,
ex
Mai
25
25
2334
Mar
111
112
11034
Jan
"40 k
5134
434
434
—
,K.
Jan
■
Jan
1
Mar
Apr
IX
Jan
52 X
Jan
Hydro-Electric Securities.*
Hygrade Food Prod...
Hygrade Sylvaula
33
Jan
Jan
1
Si
Apr
454
5
V.Jan
34
McCord Had & Mfg B;
.
;
•
7i»
22%
Vt
v t c for 1st
pref
>
234
1434
1,4001
•
2
:
,
100|i- 1334
Jan
Warrants......
34
5% couv preferred...50
1734
i
IX
Jan
Jan
-
X
1734
134-134
*
Imperial Chemical Indus—
Am dep rcta regis—£1
2M
Mar
OX.
Jan
Imperial Oil (Can) coup..*
Registered
*
Jan
he
Jan
9
Feb
28
Apr
554
81
.
,
— -
Feb
dlana Pipe lAne
Feb
Feb
■-Mar
1
Mar
.
-
Jan
1
Mar
V
34
Jan
5
lOO'
I l l 34
.
"n
■
;
l5u
94
150
1.600
j.
Jan
"11
Apr
115
Mar
134
Jan
Feb
1?4
Jau
26
Partlc preferred—a—J15
6 34
Jan
Mar
*134
Metal Textile Corp....25c
f
v
6u
Jan
10134
34
Jan
Jan
Jan
27
.Feb,
4%
Feb
-
*
^2334 iJan
231 Jan
X
754
Michigan Sugar Coiiu—
34
754
34 Jan
634" Jan
600
Mlcroraatic Hone Corp._l
Preferred...
Jan
106^4!
..V
..{,
Feb
54 Mar
4% [ Jan
i'
T-,
*.
*,1354-
634
6
634
6
234
554
-10
'.
254
Jan
Jan X
634
Jan
654
Jan
.
,r
200
5
9
Jan
254
54
Middle West Corp com..5
Jan
134 ;Jan
;f8 14
.
Feb
534% preferred..... 100
dlana Service 6% pf.100
7% preferred
100
Feb
87 X
91
94
843^
Mar
11034
Jan
97
90
Mar
115
Jan
19
Mar
20%
Jan
5
Jan
534
Jan
A
7 34
'.
Feb.'
654
Mar
254
.34
334
2 34
Mar
3
; Jan
Midland OH Corp—
6
-Jan
754
Mar
■
dianapolis Power A Light
105
105
Ireland...£1
Britain
Jan
Mar
Mar
Feb"
Mar
.
ClassA v
5
te-J--—-i-1
Class B
10.::'——)r—.1
conv
v
preferred
,
„
IV' IMar
bi'Jan'1
*
3
Mar
', 4
8
3
Feb
8
Feb
•
Jan
iperial Tobacco of Great
Jan
Jan
85
81
Jan
3'%
29
Midiile States Petrcleum—
Imperial Tobacco of Can.6
_
34
-10
•!
Jan
Mar
20
Jau
-
$6 preferred v.-. ..'.i.-
63 M
Mar
Jan
.354.; Jan'
,
Feb
Michigan Steel Tube..2.50
60 X
6%
234
-Michigan Bumper Corp..l
Illinois Iowa Power Co..*
Jan
4%
134 Mar
834 "Mar
126
Mar
25%
634% A preferred... 100
Jan
18'
Jan
Jan
2H
~~~ik '~m
Participating preferred »
Merrltt Chapman & Scott
v
Feb
Jan
17
Mar
18
Merchants & Mfg cl A..1
&lar
17
Feb
Jan
Feb
>254
Jan
Mar
Feb
Feb
334
com..*
Stores
Messabl Iron Co-a .i....l
2%
1434
7
90 ■.•=;
Metropolitan Edison—'
40%.. Apr
Apr
43%
854
434"-Jan
,su
154
754
10854
354 ' 334
com.
i.
.
V6.V,Mar
Feb
—
108
Mercantile
Jan
Jan.
154
754
*
Dredging—.*
Memphis Nat Gas
Jan
Apr
Jan
2
5834.,
534
'"V
8X
Jan
Apr
12X
15
Mar
1
Ligonler Co.
Jan
X
Mar
Feb
$4 preferred
■
2734
Jau
112;, Apr
13
154
,
May McEwen Kaiser Co
Jan
Feb
4634
*
Huyler'8 conn
7
Jan
12
3054
Jan
■
2734
preferred
— 100
Hubbell (Harvey) Ino—5
5%
Apr
11
Jan
•
12
Co com*
Horn 2c Hardart.,,,.,.
Feb
Mar
86
434
334
100
Oil Cor pi.,-. .
Steam
Hormel (Geo A) &
87
"e'x "b'x
Feb
Mar
154
Horder's luc—.—
87
For footnotes see
page 1492.
234
Jan
Jan
8334
87
23 %
Yeb
I
Jan
6534
100
100
ex
~4X "l'x
Jail
134
Communication Co Ltd.
Mar
26
Emerson
Apr
1434
Marconi Intl Marine
$2
.
1634
100
Mapes Consol Mfg Co..
Jan
Feb
67
X
X
200
50
17
13$
25
Dlv arrear ctfs
86 preferred
Elec P & L 2d pref AJ
Jan
Jan
>.
preferred.,...*
conv
110
Illinois Zinc Co
85 preferred
I
$5
Jan
Jan
13X
%x
654
Mar
Economy Grocery Stores.
Elec Bond & Share com..5
!:■•
Mar
26%
13 X
Feb
H
24>4
Mangel Stores
55
X
12 X
Feb
854
Apr
Mar
Manatl Sugar opt warr.
Mar
Apr
21
10
Feb
Apr
834
834
5 34
ir
20 H
16 M
12 X
Jab
X
14
Jan
'
29
*
16
Mar
2734
Jan
1634Jan
24'
43
87 preferred series A..*
Apr
Mar
634
654
Lynch Corp common....5,
Jan
Jan
47M
iron.25
Easy Washing Mach B_.
Feb
Mar
11
434% P«or pref.....100
6% preferred
,.100
34 Peb
2734; Feb
634 ! Feb
'
1
Hummel-Ross Fibre Corp 5
7X
Jan
Feb
Jan
1
Husamann
,...10
5
Jan
Humble Oil & Ref
734
86 preferred series B__
3 34
■2054
Mar
».
Duval Texas Sulphur-
Jan
1034
Mar
3i»
6%
Conv 7% 1st pref... 100
7, Conv 7% 1st pf v t C-.100
354
15i
Eastern States Corp
2.000
1034
IX
100
Durham Hosiery cl B com *
Duke Power Co
Eastern Malleable
3)4
Hewitt Rubber common. .5
110
Dubilier Condenser Corp.l
Common
334
Mar
Jan
;,134
.
LudwigBauman& Co coin*
1034
Feb
5
1,
Louisiana Land & Explor.l
T^oulslana P & L $6 pref.*
Jau
Mar
Apr
25J4
1354
X
234
Jan
AX
Jan
Jun
li»
50
1554
234
1334
19,
534
1634
Jan
334
19
Domiuion Steel & Coal B 25
Jan
Mar
334
200
7% pref class A.....100
6% pref class B._... 100
:_.._*
Jan
Preferred
Dominion Bridge Co Ltd.*
534
Loudon Packing
i v ;
••
Jan
Jan
Feb
Dooeckmun Co common.1
Fe
"%rMa"r
Feb
*
Mar X 2 34
134
Henry Holt & Co par A
Div0J-Twin Truck com..l
26
*
Jan
134
Jan
Jan
054
■i
B non-vot commoa
7% preferred——...10
■i
19 aij
46
Jan V.
X
1H
Mar
100
Jan
200
26
Lone Star Gas Corp
Feb
1134
12 k"
Jun
V Jan
2%
Mar
2.200
common...*
ht
Diamond Shoe common ..*
Eagle Plcher Lead
Brothers
1034
334
12k
454
Jan
434
"
.' Jan
5
Apr
Duro Test Corp common.
Jau
Jan
134
1%
4X '
Feb
234
Apr
16
Hearn Dept Stores com..5
34
Feb
15
Jan
De Vllblss Co
:
Hat Corp of America—
354
Jan
XX
9
3
Mar
134
3s
;
Hall Lamp Co-
Feb
1
10
4354 Mar
Apr
2%
Long Island Lighting—
Common
I
134
1
Jan
Mar
Feb
6
634
.....2a
6% preferred
9234
234
4934
§ Detroit Paper Prod
Detroit Steel Prod
Feb
Feb
4
;
*
Mar
Det Mich Stove Co com—
Mar
534
234
600
5
1
Detroit Gray Iron Fdy—1
34
Oil Develop...25
Lit
234
1834
30
320
2.300
9
Le TourneaU (R G) Inc-.l
Line Material Co—--i—5
Locke Steel Chain
4834 Mar
Mar
,
100
6
ureferred..—,..*
Lehigh Coal & Nav
*
~3434toah
105
18
Feb
234
6
254
Conv
108
Mar
2q
Apr
ClassA.—-i*
/Class B ...X—V i
—,*
Mar
105
6% preferred w w
42
534
234
1
Jail
3554
734
Apr
Feb
"2454-Mar
—.5
Uammermlll Paper—,,10
Hartfcrd Elec Light....25
Hartford Rayon v t c
1
8
30
■i
Mar
Feb
Feb
234
Lefcourt Realty common.!
.
y
50
Feb
12 34
6
9534
334
Jan
7
'i
'
Ltd..l
Jan
Mar
634
X
{Guardian Investors..... 1
Gulf Oil Corp———25
Jan
preferred. .—.*
Jan
Apr
i
Jan
Jan
30
Jan
A conv
Feb
1034
51
«:
Jan
83
Y Brewery.
1
Detroit Gasket & Mfg—i
Mar
..
3
88
Lane Wells Co
Feb
Derby Oil & Ref Corp com*
8
„
Langendorf Utd Bakeries—
434- Mar
\
74
128
37
8% debenture
Mar.
1134
Jan
Jan
Feb
Lane Bryant 7% pref.. 100
Jan
Jan
14
234
Feb
X
Mar
734
2
Lackawanna RR (N J) .100
Mar
Feb
Jan
29
354
234
-.-5
Jan
2334
50
100
preferred
Jun
Mar
IX
2
1034
Lake Shore
Jan
23
2 3 5-4
Dennison Mfg cl A com.. 5
86 prior
11
Lakoy Fouudry & Mach.. 1
Mar
.■v.'m
2 3 54
Gt Northern Paper
*'eb
Feb
v
39 34
Jail
Mar
Feb
Pac Tea—
com
Greater N
Jail
Mar
34
19
1
Jan
9
Mar
7% 1st preferred
Apr
6
20^4
334
Dejay Stores.
Jan
Feb
32
97
Great Atl &
Mar
14
"7% "7X
Class A conv...
j
53
Jan
Apr
86 preferred..
Davenport Hosiery
Mar
Apr
4% conv 1st pref
100
Kress (S H) special pref. 10
Kre uger Bre w I ng Co
it
Apr
Apr
Gypsum Lime A Alabastiue*
Darby Petroleum com
Jan
Mar
Koppers Co 6% pref—100
Kresge Dept Stores— 1
Apr
Jan
7
Gray Mfg Co
■
6
Jan
8
'4
1
Gulf States Utll 15.50 pf.*
§lft
116
Mar
Mar
2734
Klelnert (1 B) Rubber ColO
Jan
81 3£.
29
53 preferred
Curtis Llght'g lnc coin
Curtis
734
Jan
--*
Gorham lnc class A
"Jan
34
Mar
Jan
34
'434
1334
H
Jan
734
4
,,
Klein (D Emll) Co com..*
Jan
3434
Mar
Apr
334
Grand Rapids Varnish..
Crystal Oil Ref com —
11134
734
100
Products
Klrby Petroleum...
Lamson Corp of Del
Feb
Jan
Apr
lli«
:Jan
Jan
"
*
Goldfleld Consol Mines..!
Mar
Jan
18
Jan
88
95
Jan
.5334
Apr
41
--*
Class B
Crowley, Mllner &
7% conv preferred—25
54
Mar
—'-----*
Gorham Mfg common.. 10
Crown Drug
Kingston
Jan
34
IX
7% pref. 100
5% preferred D.
Jan
Mar
Godchaux Sugars class A.*
Feb
534
434
.81
Apr
Apr
Gladding McBean & Co.*
5%
Co—.*
(Md).5
A—*
Co com..25c
Mar
Apr
Mar
8834
8134
454
8834
--*
55
Jan
Jan
1634
Crown (;ork Internat
70
AprMar
234
Crown Cent Petrol
Kennedy's Inc.—.,—..5
Ken-Rad Tube & Lamp A *
2434
$7 preferred
1354
.
Jan
•j.viV
34
2
13
Kansas G & E
Feb
*
1
Jan
1
•
1334
CourtaUlds Ltd—•
i
Adra ord res stocks...£1
•!
4234
---*
Glen Alden Coal
1
7334
Kirkl'd Lake G M Co Ltd 1
Gen Water G & E com.-l
Feb
Jan
Apr
Jan
34
Jan
1
534
Jan
'u
73
com...I
5% conv preferred—.oO
61
7334
Kings Co Ltg 7% pf B.100
134
1634
4X
34
Miues 5c
1
*
Cosden Petroleum
I
59
1534
10234
General Tire & Rubber—
Jan
Jan
OX
8X
32 \{
Feb
Mar
Feb
he
Mar
53 preferred
Reynolds
86 preferred A—
&
Jan
734
~~8~
*
Copper Rauge Co
Corroon
-
..-*
80 preferred
Apr
754
'1134 "12k
Varnish——*
Cooper-Bessemer coin...J
$3 prior preference—
i
Cornucopia Gold
1234
594
6% preferred A.—— 100
"nx
Apr
Am
Mar
82 34
.
7334
*
30
Feb
56 conv preferred
434
AX
Mex..l
61
I
134
tH
Jan
10634
100
2%
Jan
Julian <fc Kokenge com.
Jan
54
Gen Pub Serv $6 pref...*
Roll&Steel—I
Cook Paint <fc
"11
Jift)
1
Amer dep rets
Gen Rayon Co A
Continental
Jan
Mar
154
65
534% preferred
100
6% preferred.... —.100
7% preferred
100
3
100
10
Consolidated Steel Corp.*
Continental Gas & Elec Co
7% prior pref .
34
7u
General Alloys Co
.*
Gen Electric Co Ltd—
Jan
300
44%
Royalty Oil
Continental Oil of
1
4.200
108 34
44"
108
r
5
4J4
IOU
preferred..
Gelhnan Mfg Co com
Coiisol Biscuit Co
Consol
4
"
Elec Corp.l
■
Glass
Jersey Central Pow & Lt
Gatineau Power Co—
*
Conn Telep &
Jan
8
1
Co.....*
(FL) Co
Jeannette
Mach—
1034
1034
934
Mar
334
334
234
'Jan
NS834
8934
8654
Apr
1034
4
/;
Apr
Apr
Midland Steel Products1
i
Mid-West Abrasive—...50
.t
Jun
Midwest Oil Co.wr———10
$2
15
'15
15
15
'
Mar
Mar
18
1854
Jan
non cum
Midwest Piping & Sup—.*
Mid-West Refineries
..1
14
Jan
Mar
4134
Jau
1
Jau
134
Jan
"6
Mar
7
Jan
1334
Apr
14
134
Jau
2
1334
dlv shares.*
common'....*
Jan
Mtdvale Co
10734
-
35
1
jv.6-
' 35
1
1
634
V, 1354 .14
Jan
3434
Feb
34
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
155
1491
NEW YORK CURB EXCHANGE
Sales
Friday
Last
Week's Range
for
Sale
of Prices
Low
High
Week
Par
Price
j
OS
325
32
Week's Range
of Prices
Low
High
Week
Par
00
08
Mar
(i a
4A
Molybdenum Corp—'-.--I
4 A
"
Low
Shares
1,100
28%
Apr
4 A
25
150
*i»
Mar
5% Feb
28A
Monogram Pictures com.l
1,000
!
'<j
$6 preferred—
*
Penn Salt Mfg Co.—.50
Penn Sugar Prop com.. .20
Feb
»u
1
Apr
30)4 Mar
IA
Feb
M ar
134: Mar
A
88
88
75
50
44
88)4
88 A
Feb
6
Feb
Apr
Apr
105
Feb
175 A
Jan
Jan
100
Pbila Eleo Pow
t
Moody Investors part pf.*
Moore (Tom) Dlst Stmp.l
17
Feb
Mar
1754
Jan
A
Mar
:
J4
Feb
Mar
3A
4534
Feb
Mar
96
Jan
ma H
1 H
1,300
4A
1,700
4A
2A
*
Common...-—---
Jah
Jan
22
"... Feb
Mar
111
Mountain Sts Tel & Tel 100
>•> 7
Murray Ohio Mfg Co—.*
Muskegon Piston Ring.2)4
Muskogee Co common...*
6% preferred
100
9%
9H;
;
50
A
100
114 A
a:334
Mar
Jan
Mar
31A
Feb
Southern Pipe Line
Jan
4A
Apr
5 A
Pierce Governor common.*
Pioneer Gold Mines Ltd.l
5A
.
,
■
3,200
3A
Mar
0a
700
31A
Mar
36 A
A
Mar
1
A-
IA Mar
1,300
1
Pitts BesB & L E RR—.50
Apr
Meter
534
Pittsburgh & Lake Erie.50
Pittsburgh Metallurgical 10
Pittsburgh Plate Glass..25
s
5)4
5
48 A
3A
50
9 34
700
55A
3%
100
934
100
mi
13 ?4
.42 A
m
National Fuel Gas...—*
9
m.
9
2,000
100
Nat Mfg fi Stores
Jan
Pneumatic Scale
Feb
Polaris Mining Co
Apr
1834
Apr
Feb
11
Feb
Potrero Sugar common..5
Powdrell <& Alexander...5
Jan
14H
42A
10A
Jan
Pratt <fc Lambert Co
Jan
Premier Gold Mining—_i
10)4
8A
8%
Mar
Mar
2A
Apr
70 A
Apr
10
com...
25c
2 A
~~2A
1,500
4A
2*
500
4
*
17 A
■
17A
72 A
r
400
75
12V,\
23
300
23 :
50
m
23
J4% prcf.10
1,900
ia
Jan
23
Apr
3
3
Nat Tunnel & Mines—
7A
*600
"9 a "m
National Transit—..12.51)
■;r
.
Mar
33
si«
9
Nebraska Pow
A
9is
9
500
10 A
Jan/
Jan
900
Prosperity Co class B___*
Corp—5
2
Mar
l
21 A
I—100
$2 preferred.—.
4A
3
400
4A
i-S 8
Mar)
87
Mar
101)4
3 A
300
3
Apr
4)4
1)4
13)4 »•14 34
13)4
1,200
Apr
91
$6 preferred...—j-
80
81
80
100
*
100
Founders Shares-J-. —1
22 V»
Feb
23
"
Apr
91A
25)4
i
6 A
20
10
20 1
Feb
V
Apr
27
Feb
6%2d preferred.—-100
50 ,f
300
40
1)4
5,300
39 H
56
6% 1st preferred—-.100
1 H
Mar
55
39A
20
IA
69)4
Jan
53
Apr
Mar
A
A
100
2A
2H
200
*12 H cim
800
v.
A
<
Feb
Feb
Jan
litt
Jan
A
Mar
2A
Jan
.
Class B opt warrants-
Mar
;
130
A
A
10
i
.
2*4 Mar
87
Class A preferred
100
Nlles-Bement-Pond -....*
Nineteen Hundred Corp B1
123*
Mar
90
11A
Mar
14
;Jan
A
K
200
A
Feb
Jan
:
A
conv
1
2A
100
2 A
Feb
3A
Feb
1
;
»«
As
200
>i«
Feb
A
Mar
54)4
200
Nor Atner Lt & Power-
Common.—
50)4
Apr
North Anter Rayon cl A..*
15 A
15)4
50 A
88
Mar
♦
Mar
53
$6 preferred.—.——*
Class B common-j
:
6% prior preferred.-.50
'■■■l-Cll1;/V:.'4
.
*
334
79 A
2H
Northern Sts Pow cl A..25
88
370
:
75
30
-
:
87
7A
1A
**214 " *2 H *2*900
UH
Corp..-.*
Novadel-Agene
78
87
Pub8er6% pt.100
7% preferred——.100
Northern Pipe Line
10
11
400
HA
Mar
Apr
Apr
Jan
Mar
Mar
3A
Republic Aviation.
5
4)4
15
15
51 A
Radiator
16)4
50 )4
r
f
15 A
Ohio Brass Co cl B com..*
Ohio Edison $6 pref.
Oil-6% preferred. 100
4A% pref.100
Ohio P S 7% 1st pref...100
6% 1st preferred....100
102
17)4
Rome
Roosevelt Field
Apr
450
i
—
-
1
60
—
51A
Texas P & L
1
A
Mar
4A
100
4)4
34
Mar
15)4
5A
Feb
Feb
A
Jan
3A
Apr
Jan
A
3A
Jan
Jan
11A
534
11A
Feb
Jan
Tobacoo & Allied Stocks.
Apr
Tobacco Sec Tr Co Ltd-
18
Feb
Tobacoo
Jan
400
Jan
A
234
1 A
10)41 10)4
100
1)4
300
2)4
1)4
200
10 A
332
..
12 A
9A
Amer dep rects ord reg
Am dep rets def reg
6s
36)4
Mar
Feb
100
3A
Jan
500
134
A
Mar
A
72 A
70
71
Mar
85
20
85
Mar a;l03
Jau
97
40
95
Mar
111
Jan
Shipyards Corp..
6% pref 100
434
2A
Mar
Trl-Continental warrants
Trunz lnc
Tublze Chatlllon Corp....
Class A—
A
Mar
Mar
5A
Feb
134
Apr
)4
Jan
1134
Jan
Feb
Feb
1,100
A
11
—
UA
22)4
75
*16
8)4
Apr
)i
A Mar
34
Jan
5A
Feb
Jan
Jan
600
4)4
1,200
*32
4A
>32
4 34
3A
31A
4A
32 A
700
IA
100
Apr
Apr
H
3A
32 A
1
A
3A
350
29
4A
Apr
35
Mar
Jan
1A
534
Jan
Jan
Jan
134
Feb
Mar
6A
Jan
Mar
3
Mar
Mar
5
Jan
7A
Jan
2A
Apr
U
Udyllte Corp
1
2)4
*2 A "2 A
34
1134
2
Feb
6)4
7A
Apr
15
Mar
3,500
A
A
34
Jan
Feb
*i6
Feb
Jan
9A
Feb
Jan
7
*
A
1,800
5i8
Jan
193 A 108)4
900
94 A
Mar
A
12634
100
*32
Jan
»ai
518
105)4
X32
Option warrants..
United Gas & Elec Co—
1
80
92
1,400
A
Mar
1,200
14)4
Apr
United Milk Products...*
22 A
Mar
25 A
$3 partic preferred....*
72 A
Mar
74
United Lt & Pow
91
--.100
A.. *
Mar
Feb
Apr
69
Jan
Jan
Jan
Jan
A
Amer dep rects ord reg..
United N J RR & Canal 100
United Profit Sharing_26o
'
Jau
A
A
Jan
Jan
United Molasses Co Ltd—
Mar
92
.
Jan
Mar
83A 'Jan
A Mar
7% preferred
Jan
A
__
United Gas Corp com...l
1st $7 pref non-voting. .*
Mar
Jau
Feb
hi
United Elastic Corp
Jan
'is
500
..
11
United Corp warrants
Apr
6A
6)4
Un Cigar-Whelan Sts.. 10c
Jan
12
100
Jan
*
Jan
Apr
7is
234
4)4
6)4
00m..
& part pref
Jan
A
334
100
100
*
Investment 00m..*
cum
2H
4)4
2)4
4)4
10
Jan
2
Mar
Mar
Feb
120
2A
1,600
'
A
Jan
Feb
»i«
34
'l6.
100
Jan
2
108 A
5
Sohulte (D A) common.
Conv preferred.—
.25
Mar
Feb
110
Feb
93
Mar
Feb
6)4
Mar
Scranton Spring
22)4
22H
300
Scullln Steel Co com.
41
4QA
7A
17
Jan
Apr
48
Jan
Jan
Seeman Bros Inc....
Jan
4
Jan
Selberling Rubber
134
Jan
2A
Feb
Selby Shoe Co-.:....
300
1
3,000
Apr
2434
Apr
2934
2754
98)4
87
Feb
Jan
Jan
Public Service—-*
il 34
5L30 1st preferred
*
Page-Hersey Tubes..•_._.*
PantepeoOH of Venezuela—
"
3A
3,500
10
Feb
M ar
Jau
4A
Parkersburg Rig & Reel.,1
Patchogue-Ply mouth Mills*
9)4
Apr
A
Mar
Mar
ht
36
400
2 A
com.
2)4
"is
Apr
A
12.
•
4)4
Mar
Jan
Jan
11)4
Jan
6 A' Mar
L
1
-...
5
2A
8)4
Mar
3A
Jan
9
10%
Jan
Jau
3834
38 A
...
J
1 A
500
1
United
Mar
Jan
Feb
45
Feb
23
Apr
Jan
Mar
250
Apr
Mar
57 A
Feb
Mar
43)4
Jan
A
Mar
52)4
54 k
40A
■■*7 00
50 A
70
38)4
40)4
Jan
Mar
3i«
200
4
53 A
Jan
2
Jan
*i»
Jau
4
Jan
U S Lines lnc pref
150
38 A
Apr
*i«
Feb
A
Apr
100
434
Feb
5)4
Feb
Jan
Feb
4
Jan
A
A
434
2A
300
5% cum prefser AAA100
Sherwin-Williams of Can
234
2)4
19 A
10)4
10)4
100
10 A
Jan
66
66
66)4
300
62
Jan
70
112 A 112)4
20
110
Jan
113
Jan
Jan
Jau
934
9A
Jan
10
Jan
134
Jan
.2
Mar
*
Mar
30
Jan
Feb
Feb
3t
Apr
Singer Mfg Co—100
135)4 137
40
131
Mar
14534
*
Feb
47 A
Jan
Amer dep rets ord reg.£l
Sioux City O & E 7% pf 100
Skinner Organ.—...5
8
Feb
Smith (H) Paper Mills..
47 A
5)4
4)4
^..10
A
Jan
Jan
"56
400
com....._.l
S Rubber Reclaiming..*
"2 A "2 A
Jan
Apr
Mar
34
4
A
53 A
Apr
0)4
46
100
28
28
$1.50 conv pref—....20
U S Radiator
7
3A
8A
4 34 Mar
2)4 Mar
6A
27 A
Mar
*100
A
2)4
Mar
U
*1*
U S Stores common....50c
1st $7 conv pref
400
632
:
>
30
Mar
Feb
'H
--yf
134
Feb
1)4
Feb
A
A
Feb
10
1234
Feb
800
*18
Apr
'a
Mar
1,500
A
Jan
1A
Mar
Mar
7A
2,200
34
6)4
22 A
Jan
Jan
Mar
Jan
2
6)4
26
25
Mar
29
Jan
11)4
334
Feb
62
Jan
*28*
2A
2A
*29*"
100
2A
100
50
Jan
2A
47
Mar
15
34
8A
Jan
Jan
Feb
49
Jan
A
Apr
Mar
*u
47
Utah Pow & Lt $7 pref..*
Jan
*18
Jan
33)4
Mar
38)4
Jan
1
Utah Radio Products...
Equities com..10c
$5.50 priority Btook...l
m
Mar
*18
13 A
10
5
J
18
1)4
6
Universal Insurance
8
Universal Pictures com..1
Sugar..
Jau
l A
*18
United Wall Paper
Utah-Idaho
Jan
.Jan
Mar
Jan
»i$
4
Jan
1
13A
*
United Stores common.50c
2
Universal Cooler class A.*
Class B
*
Universal Corp v t c
1
•
Universal Products Co..
Singer Mfg Co Ltd—)
334
8
Jan
934
Simmohs-Boardman Pub
$3 conv preferred
300
3
8
U S Plywood—
Mining. ..'5
Shawinigan Wat & P0w._*
Sherwin-Williams com..25
300
4 A
2A
...5
250
A
4 A
U S and Int'l Securities..*
Mar
39
4A
30 H
Mar
2
U S Foil Co
U S Graphite common
39
Serrick Corp classiB
Seton Leather common...*
24 A
Jan
Specialties com_.l
class B.....1
632
1)4
45)4
38 A
Sentry Safety Control...1
50'
234
6)4
15 A
245
$5 1st pref with warr_—*
50
Penn Traffic Co——2)4
15
A
25
Pre/erred.
Jan
250
100
31
Mar
"m
10
preferred
Uuited Shoe Maoh com.25
1 Mar
»u
1,400
1 A1
t$flor8tock__—.25
27
A
18
*
—*
Industries lnc—
Common..1
31
34
com
Common class B—
$6 1st preferred
Jan
500
*
27.
700
Mar
Ji2«
7
35
*
Simplicity Pattern coin..l
Simpson's Ltd B stocks..*
)
Jan
.1'
Silex Co common....:..-.*
Paramount Motors Corp.l
Parker Pen Co..
10
26
Jan
22 A
4,000
40 A
Securities Corp general... 1
111
40
41
8
l12»
Mar
13)4
Jan
34
*
100
2,000
-50c
21A
Brook
Water Service $6 pref.
>
Shattuck Denn
4A
Tung-Sol Lamp Works...1
80c conv preferred...
Jan
334
500
3,300
Jan
*
Jan
53
50
1A
-
300
A
A
A
.
17 A
Mar
1492.
72 A
Lux Corp
1
Transwestern Oil Co... 10
$3
2)4
95
71A
Mar
Jan
Feb
15
Mar
50
110
Jan
96
Jan
414
134
Feb
Jan
A
2)4
3
200
85
9434
A
109
A
7% preferred...
100
Tonopah Mining of Nev.l
95
Apr
2 34
3
Exports.
49
Jan
Toledo Edison
Jan
Mar
Apr
Jan
Apr
8)4
Prod
Feb
49
Jan
A
Apr
*
79 A
»_1
Realty & Const
112 A
72
For footnotes see page
Tishman
Jan
34
100
m
Jan
3A
Jan
•
...100
Apr
Mar
«32
300
4
Jan
8A
100
2A
x6A
41
19)4
Jan
Mar
14 A
Feb
8)4
41
3)4'Mar
Jan
Mar
7
50
Mar
20
2A
17
*900
A
79)4
834
Mar
2 )4
100
'it
7)4
Jan
1434
Jan
90
m
Jan
Feb
2 A
Mar
50
6A
11
14)4
4 A
16
80
.2 A
Feb
'
Thew Shovel Co com....5
111
78
3
35
Texon Oil & I and Co.—2
Mar
"
Scranton Lace common.
90 A
2A
Apr
1A
Jan
Scranton Elec $0 pref...
7ZA
Pennroad Corp com..-—1
Penn Ceiit Airlines com..l
Feb
2A
Mar
*16
Scovlll Mfg....—.25
90
Penn-Mex Fuel-
45 A
90
7% pref.100
Jan
Pacific Lighting $5 pref.
$1.40 preferred A....25
Jan
Apr
IA
100
3
200
Jan
PaoificP A L
Peninsular Telephone com*
Jan
2A
43
1,500
Jan
Mar
Apr
3A
Jan
-Jan
9)4
10)4
7A
g
100
*
3A \
13)4
12
Mar
Mar
26
200
854
United Chemicals
St Regis Paper common. .5
Allotment certificates
3)4
Apr
Jan
"8)4
1,000
1
43)4
18H
Lawrence Corp Ltd
$5.50
American shares
300
Jan
Jan
Mar
•
Class A $2 conv pref. .50
7% preferred
Paclfio Can Co common..*
Pacific
10 A
18 A
Jan
47
12 A
834
l
*
Con vcrtible stock.
7% prof..100
3)4
A
-8)4
112
300
6)4% 1st preferred...25
Mar
8)4
112
"\9
26 A
Apr
A
18 A
Mar
Mar
Segal Lock r& Hardware.. 1
26)4
2)4
3
Technicolor Ino common.*
10)4
534
2A
Fifth Ave
4
A
1
43
43
1
Taggart Corp com
Apr
10ft
26
Mar
Jan
60
*18
Trans
Salt Dome Oil Co
v
6% 1st pf.25
Apr
Mar
16 A
200
'.7h-.•¥,v'y'
Aeronautical Co.
Selected
Pacific G & E
-
1A
15
134
Feb
H
1
6
Jan
8A
Mar
—1
Overseas Securities
Feb
"is
11
United Aircraft Prod...
1
8
Apr
4A
300
.*
Unexcelled Mfg Co
Union Gas of Canada
St
Jan
Mar
200
Jan
14
93
RosslaTnternational—.1*
Royal Typewriter
*
Russeks
Jan
3 A'
35 A
'
1A
8)4
6)4
H
79 A
$1.20 conv pref—..20
r
OA
6
Jan
3,600
3i5
Inc....
Root Petroleum Co..
Jan
Oliver Utd Filters B...„*
Omar Inc.- J
100
..-
85
foi"
13
Mar
Mar
Apr
:
34
1
4)4
2A
Cable Corp com..5
45
13)4
101
Jan
1
lnc
Sunray Oil
Jan
Feb
3)4
2A
Todd
Warrants...
18.H
'
8
100
98
$5)4 conv prior prof—-*
x8 A
3
Mar
7ie
46
Apr
1A
80
K 6
53 preferred.-—-...50
Jan
3i8
6
Jan
Mar
Feb
3)4
150
4)4
34
RochesterG4E10% pfClOO
6% preferred D
100
6)4% pf-100
'vj"V ■'
Oklahoma Nat Qas com.15
5A. Feb
*u'' Jan
"'Mar
2
„Apr
20
Jan
Mar
1A
200
.
50
85 A
103
Ollstocks Ltd commob—.5
■
Jan
Jan
Mar
35 A
Stein (A) & Co common..*
Stercbl Bros Stores:..... 1
95
85
V-
Ohio Power
'■■
14
375
16
he
19 A : Jan
Mar
>3]
13 A
1
Rochester Tel
Jan
234
4 A
46
110
85
*
Ohio
15)4
Apr
Fob
732
Sctflff Co common......
2
100
100
»1C
Jan
110)4
Jan
200
5A
20
2*2
*
*
Sanford Mills.....
300
5 A
Machinery
11)4
4A
Samson U nlted Corp com
2
Feb
A
Mar
1
Sun Ray Drug Co..
Jan
51)4
11
Voting trust ctfs—1
i
Savoy Oil Co.......
2
»3j
Co.,1
Products
Apr
16
*
Jan
A
9
Ryerson & Hay ties com.l
0
Ogden Corp com........4
106 A
Standard Power & Light
Common class B
»x«
1
Rya
Jan
3
107)4
70
3,600
Rice Stlx Dry Goods
Richmond
*
Jan
9
250
100
Mar
140)4
1)4
11A
Ryan Consol Petrol
102
15 A
14
107)4 107)4
Jan
12
Jan
58
*16
434
.—. .
Jan
108
*
Jan
Feb
5% preferred
Union
a
2
Feb
Stoning
V
Nor Central Texas Oil...5
Apr
10
Feb
No Am Utility Securities.*
Nor Ind
1A
II
15)4
Jan
Jan i 51)4
400
50
Apr
200
Jan
17 A
>17
1)4
Tampa Electrlo Co com..*
*
preferred-
Jan
H
2%
.
Jan
14
600
Tilo Roof lug lnc
-
Niplsslng Mines
Apr
12
6)4
200
A
Roeser & Pendleton Inc.*
•
Class B common—...5
Jan
Mar
11)4
Jan
Reiter Foster Oil Corp .50c
Niagara Hudson Power1 A
55
3A
2
11A
11
Feb
Feb
Rio Grande Valley Gas Co
Common.!—.—.—10
Mar
12
5H% conv pref..—50
Superior Oil Co (Calif). .25
Red Bank Oil Co.—
Mar
19 A
New York Transit Co—.5
Noma Electric-.
140 A
61 A
140 A 140)4
Raytheon Mfg common 50c
Jan
102
A
preferred.20
Class B common
Common.
Jan
Mar
Feb
(Ky)-_..10
18A
103
Jan
Feb
95A
Jan
Superior Port Cement—
Rheem Mfg Co.
Class A opt warrants.
Mar
Raymond Concrete Pile-
Jan
22A
200
J5.10 preferred. ——-100
Niagara share—
30
61 A
Reliance Elec & Engin'r'g 5
6% pf.100
111
*
Voting common
Feb
N Y State Elec A Gas—
L
400
Reed Roller Bit Co——
23
34
100
Swan Finch Oil Corp... 15
Shipbuilding Corp—
N Y Water Serv
6)4
0)4
Radlo-Kefth-Orphcum—
Option warrants
Railway & Light Sec—
Feb*
m
Jan
Mar
90
30
91
80
NYPrA Lt7% pref.. 100
*
7A
-
91*
Feb
R
$3
N Y Merchandise-——10
conv
52 A
35
Railway <fc Utll Invest A.l
N Y & Honduras Rosario 10
Jan
1A
Jan
87
2.200
Feb
18
!8i
2A
Jan
Mar
400
Stroock (S) Co.-
Jan
2)4
$1.60
Sullivan
Jan
Jan
—
Feb
214
-
6l8
Jan
1A
Mar
1H
12
68 A
Mar
Apr
Apr
Jan
18
11A
2
Common
Mar
350
48 A
Feb
10)4
1A
Jan
Mar
11A
2
11A
Starrett (The) Corp v t c.l
Steel Co of Canada
Apr
Feb
Jan
55 A
34
12
Jan
Jan
Feb
"
A
Stetson (J B) Co com....*
Stinnes (Hugo) Corp
5
N Y City Omnibus—
13 H
434
7A
109
Mar
97 A
43 A
6% preferred.
Quebec Power Co.
100
200
1,060
6
Jan
14A
93
Jan
900
27)4
Jan
Mar
»i«
6% 1st preferred
50
5% 2d preferred.....20
Sterling Aluminum Prod.l
Sterling Brewers lnc
1
48
30 A
3,000
Feb
5
Jan
7)4
134
1*9)4
Apr
106
97 A
Apr
10)4
2A
,6 A
.
I
Standard Steel Spring...5
Standard Tube cl B.....1
Apr
96)4
*
Quaker Oats common
57
m
1
16
Standard
Feb
140
i a
1
Standard Silver Lead
Jan
90 H
N Y Auction Co com—.
N Y
40
10
*
Pyle-Natlonal Co com...5
Pyrene Manufacturing.. 10
New Process Co.
Warrants.-.-
;
$6 preferred-
Jan
55 H
Feb
27
Feb
Feb
89
New Mex & Ariz Land—-1
f
97 V4
107 A 107 A
$5 prior preferred.
\A
2A
55 %
-.25
Zinc
96 MS
Paget Sound Pulp & JTim *
Jan
IQA
New idea lnc common-
Jan
Feb
..
Feb
Jan
300
53
Jan
Mar
122
Mar
2A
jfan
434
■
Feb
534
634
Standard Oil (Ohio)—
Puget Sound P & L—
Mar
3
00)4
Jan
6A
6% 1st preferred
100
7% 1st preferred—..100
——.
New England Tel & Tel 100
New Haven Clock Co-
New Jersey
300
22 A
>
■
2)4
Feb
1)4
21A
New Engl Pow Assoc...
6% preferred
Jan
H
f 7
Neptune Meter class A..
Nestle Le Mur Co cl A..
113
Feb
110
-■
Feb
Public Service of Colorado
Mar
A
11
Apr
A
Standard Dredging Corp
Jan
Feb
Jan
Jan
Jan
Jan
4A
Feb
122
Standard Cap & Seal com 1
Conv preferred
10
Standard Oil
33
Jan
M#
Mart
10)4
Feb
H
9A
7% pref. 100
Nelson (Herman)
Feb;
•a
Jan
334
Jan
7A
Jan
100
— ..
Jan
19 A
100
Feh
11
Jan
26 A
8% Preferred A—25
«x«
Jan
800
Jan
7A
24 A
Mar
234
300
9H
Radio—4--30c
Navarro Oil Co.———
Jan
334
Feb
A
i
Nat Union
63
Jan
im
28 A
Mar
Jan
Mar
3A
Jan
7)4
7A
National Sugar Refining.*
National Tea 5
m
m
Mar
Mar
23A
Southern Union Gas...-.*
Preferred.....
Providence Uas._
*
National Steel Car Ltd-*
Feb:
12
)4
A
2
Jan
30)4
24 A
Spencer Shoe Corp—
Stahl-Meyer Inc..
Standard Brewing Co 2.78
Jan
2)4
4A
234
3A
93
42
10
900
10
Jan
Jan
Prentice-Hall lnc
Jan
Mar
200
14 A
8
Producers Corp of Nev— 1
Mar
Jan
27
32
Spalding (A G) & Bros...1
1st preferred.——
Apr
Jan
2
35
Jan
24)4
534
63A
""
Jan
■/
com..
Jan
30 A
25
26
Southland Royalty Co—5
Apr
Jan
3
95)4
75
National Refining com—. *
Nat Rubber Mach..
Jan
834
Pressed Metals of Am.__l
:
2H
my
com..n*
unstamped....*
$6 pref stamped
*
Jan
Spanish & General Corp—
Amer dep recks ord reg.
2 A
16)4
800
A
Apr
3A
A
5A
Mar
Mar
3
200
18
n7 ^
2%
Jan
24
Jan;
Jan
Jan
39
,
National Power & Light—
$6 pref
>
Jan
734
7A
34
134
Power Corp of Canada...
Apr
13 >6
!■: 150
100
13»4
800
Jan
Jan
A
32
Jan>
43
Mar
3
400
*i#
Apr
Apr
Feb
48)4
5854
56
18)4
41 A
31A
1)4
2A
26
154
Jan
350
51
•934'
11
conv
9
Jan
30)4
Jan
10
:
Jan
41A
1,000
"
Jan
900
;K
■
m
?
1
*i«
9
a
preferred.—--50
National Container (Del). 1
$3
4M
36^
■
National Candy Co—...*
National City Lines com.l
•
4 A
Plough lnc common.„7.50
! .: ■; : i '.v
Nachm an-Springf illed—-. *
Nat Bellas Hess com..-.1
National Breweries com..*
-
3A
500
Pitney-Bowes Postage
N
v.-
"334: "334
Pleasant Valley Wine Co.l
5HV5M
2
Feb
Feb
Jan
Feb
4
9
454
Jan;
10
l
200
23*
Mar
*3I6
1A
Southern Phosphate Co. 10
30
100
3All
32 A
.1
Jan
Feb
9A
Jan
Jan
734
300
234
200
Southern Colo Pow ol A.25
2A
Mar
1
Feb^
12H
Jan
9H
,
300
High
I
Apr
1H
*
Southern Calif Edison—
Feb
5
-4)4 Mar
334
Conv $3 pref series A. 10
Jan .;
Mountain States Power—
A
1)4
234
234
234
5% original preferred.25
6%j>referred B......25
5)4% pref series C...25
Jan
Jan
.
Common.
Mtge Bank of Col Am shs.
Mountain City Cop com .5c
Mountain Producers.--1U
400
Southwest Pa Pipe Line. 10
Jan
Mar
Phoenix Securities-
4;
Low
2
South New Engl Tel...100
334
8% pref .25
Phillips Paoklng Co
*
1)4
minx
H)Qh
Shares
2 A
8088 Mfg common
..-1
South Coast Corp oom._l
South Penn OH——25
134
Philadelphia Co common.*
Jan
Feb
Feb
161
A
2 A
3634
75
Circle Co—...—*
Pharls Tire & Rubber...1
Mar
Mar
—1
-1
Sola? Mfg Co
Sonotone Corp....
81
550
Perfect
6
Fob
135
100
3)4
40
88)4
15)4
1514
Montreal Lt Ht & Pow.:*
Low
Price
1H
A
1)4
20
334
44
100
162
Feb
78A
70A
40
139
Pepperell Mfg Co
Montana Dakota Utll—-10
56
30 A
*u
230
75
139
8134
Mar
Mar
600
A
Penn Water & Power Co.*
Montgomery Ward A.--*
Week
Par
46)4
Mar
4A
for
of Prices
High
26
Class A common.—...*
Penn Pr <fe Lt $7 pref.—*
6)4
'.Week's Range
Solar Airoraft Co——1
pref--———4
Mar
100
1 %
Monarch Machine Tool--*
! $5 series
Last
Sale
Range Since Jan. 1
$2.80 series pref——*
Pennsylvania Gas & Elec—
Feb
.
5
212
4*4
(i
Jan
Jan
Jan
4
Missouri Pub Serv com.-*
Mock jud Voehringer—
---2.50
44 A
82
Apr
Mississippi River Power—
>
6% preferred—-.— 100
;
Price
Range Since Jan, 1
STOCKS
(Continued)
for
Sale
High
Feb
58
•■mi
40
100
30
Minnesota PAL 7% pf 100
Monroe Loan Soc A.
>.
Low
Shares
Sates
Friday 1
Last
Pennsylvania Edison Co—
Mining Corp of Canada."-*
Minnesota Mln & Mfg.--*
Common-
Sales
Friday
STOCKS
(Continued)
Range Since Jan. 1
STOCKS>
(Continued):
Utility
34 A
34 ^
35)4
291
1A Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 13, 1942
NEW YORK CURB EXCHANGE
Friday
Sates
Friday
BONDS
Range Since Jan. 1
STOCKS
Last
Week's Range
for
{Continued)
Sale
of Prices
Low
High
Week
Price
Last
(Continued)
Friday
Week's Range
Sale
Price
Shares
•
Range
BONDS
Since
(Continued)
of Prices
Low
High
Last
Week's Range
Sale
Jan. 1
Range
of Prices
Price
Low
:
Since
High
Jan. 1
Public Service Co of Colorado—
1st mtge 3 Ms
...1964
.
S t deb 4s
..1949
Pub Serv of Indiana 4s.
Gatlneau Power 3 Ms A
Valspar Corp com_..+—I
$4 conv preferred
-5
General Pub Serv 5s
Petroleum—1
pref-100
Manufacturing
*
Vogt
6% perpetual certificates
100M
Gen Water Wks A Elec 5s.
99
80
99?*
H
..j
Puget Sound PAL 5Ms —-1949
1st A ref 6sserle8 C. —1950
158M ...:.
Georgia Power A Light 5s.
1969
Public Service of New Jersey—
98 M
100
—.
♦General Rayon 6s A
Serv 7%
86
196 M
Gen PubllcUtil6Ms A
Venezuelan
Va Pub
8-5 M
—
1st A ref 4 Ms series D
,
1950
81
Glen Alden Coal 4s
§/Gobel (Adolf) 4Ms A —
Grand Trunk West 4s
Cheat Nor Power 5s stpd—
—*
Waco A lrcrart Co
Wag- er Baking—
preferred...—-100
7%
-
Safe Harbor Water 4M8
U.ass
1979
109M no M
San
Joaquin Lt A Pow 6s B.1952
♦Schulte Real Estate 6s.i
1951
Scullln Steel Inc 3s..
1951
Mills.—5
Wayne Knitting
195!
(♦Guardian Inves^prs 5s..
A Bond class A.,.*
B
—*
Walker Mining Co..
1
Walt
5Ms series A_—
Grocery Store Prod 6s
Guantanamo A West 6s—
—*
Vto extended.
Queens Borough Gas A Electric—
Green Mountain Pow 3 Ms
129
Houston Lt A Pr
Wellington Oil Co.——1
Went'worth Mfg-.--.-l.25
West Texas Utll $0 pref..*
West Va Coal A Coke..-.5
Western Air Lines Inc.. 1
3 Ms
7% 1st
Southern Calif Gas
1967
111 Pr A Lt 1st 6s ser A
1953
1st A ref 5Ms series B-... 1954
1st A ref 5s series C
1956
S f deb 5 Ms
May 1957
Indiana Hydro-Elec 5s
1958
Indiana Service 5s..,
..1950
Idaho Power 3Ms
preferred-...100
Western Tablet A
Station'y
Common'—.-I'.'.:.——*
Westmoreland Coal—.20
Westmoreland Inc
10
Weyenberg Shoe
Wichita River Oil
Williams (R C) A
Williams
WriLson
1st lien A ref
Mfg.-.-l
A 0
A O
J I)
J D
M S
109**
1st mtge 3s.i
u —.;
1971
Southern Indiana Rys 4s.—1951
100 M 100 M
105 Ml 05 M
Products
68%
97 M
91M
AfN
J J
5s..—-—1963 F A
1970
Southwestern PAL 6s..'——2022
.
Standard Gas A Electric—
6s
(stamped)
May 1948
1948
...
(International Power Sec—
♦& Ms series C......
...1955 J D
♦6Ms (Dec 11941 coup). 1955
Inc....l
10
1957 F A
♦Starrett Corp Inc 5s....... 1950
Debenture 6s..—.. Dec 1- 1966
6s gold debentures....
♦7s series E
Wisconsin PAL 7% pf lOo
:
—
♦7s (Aug 1941
10
Wolverine Tube com
2
Woodley Petroleum
1
Woolworth (F Wr) Ltd—
Amer dep rets.
5s
Wright Hargreaves Ltd..*
Wolverine Portl Cement
coupon)..1957
—1952 J
♦7s series F
-
*7s (July 1941
Debenture 6s
J
1957 J
7-4s 3d stamped
Certificates of deposit
J
1952 J
.....
1957
63 MI
67
54
{ 57 M
22Mi 23M
Stlnnes (Hugo) Corp—
7-4s 2d
—.1946
coupon..1952
Interstate Power 5s
60M? 51.
*63J*'• 50M
53M? '57 •59**} 57M
Standard Power A Light 6s. .1957
,,
.
60
54MI57M
Conv 6s stamped.—May
Debenture 6s_...1951
Wilson-Jones Co.—
i
92 M
Spalding (A G) 5s:__..1989
Oil-O-Mat Ht..*
iH
(Calif)—
Southwestern G A E 3Ms
-
mi
♦Indianapolis Gas 5s A... —1952 A 0
Indianapolis P A L3M8-.--1970 MiV
Corp.10
Co
*
lOO^ilOlM
105 M 105 M
3MS.L—1970
Southern Counties Gas
102 M
95 M
1100?* 105
1100M:103M
Southern Calif Edison 3si....l965
Western
95 M
94 M
1947
South Carolina Power 5s:. ...1957
Grocer oom_.-_20
Maryland Ry—
Western
c
80 M
94 M
6s series B_.
Sheridan Wyo Coal 6s.
[68
80 M
Shawlnlgan WAP 4Ms.
1967
1st 4Ms scries D—-..—...1970
Hygrade Food 6s A...
129
155
—
jll M
15
1946
J
"iiiM "is "
Iowa Power A Light 4 Ms—1958 M S
1963 J
Italian Superpower 6s
New York Curb
Texas Electric Service 5s.
Exchange
-
Bonds
Texas Power A Light 5s..
6s series
Jacksonville Gas (stpd).....1942
Last
Week's Range
Price
106 J*
Range
of Prices
Sale
44 '
Jersey Cent PAL 3MS---.-1965
Friday
BONDS
J
44
45
106M 106M
9,000
32.000
54
105% 107M
43 M
Since
Low
High
A—.i,
Tide Water Power 58.-
—
Tolcdo Edison 3 Ms
Twin City Rapid Tr 5 Ms
Jan. 1
Kansas Elec Power 3 Ms
Kansas Gas A Elec 6s..
Kansas Pow A Lt
i
>
2Mb s f debs
3 Ms s f debs
Conv 6s 4th stamped
1950
United Electric N J 4s.
1949
United Light A Power Co—
1st lien A cons 5Ms
1959
1960
1970
—
3Ms 8 f debs
1959
Lake Superior Dlst Pow 3Ms. 1966
1106 M 108M
1945
United Light A Railways (Me)—
100M 101
1957
Long Island Lighting 6s
Louisiana Pow A Lt 5s
deb-6s—2018
Paper 6s....-1961
108M 109
1st lien A gen 4Ms.......1944
Deb 6s scries
—M.2022
1956
1953
Associated Elec 4Ms.
McCord Radiator A Mfg—
1948
185
87
.1947
109
109
6s stamped..
{Associated Gas A Elec Co—
♦Conv deb 4 Ms.—
—.1948
>'*
♦Conv deb 4 Ms—
,.1949
♦Conv deb 5s
......1950
♦Debenture 5s—1968
;
*Conv deb 5Ms.--...1977
Mengel Co conv 4 Ms
Metropolitan Edison 4s E..^*971
48 series G
1965
Middle States Petrol.
0MS--1945
Midland Valley RR. 5s.
1943
Milwaukee Gas Light 4 Ms—1967
-
—
5Ms A
1955
Atlanta Gas Light 4Ms.
1955
Atlantic City Elec 3Ms — -.1964
Assoc TAT deb
Avery A Sons (B. F)—
5s with warrants
59 M
59 M
108M 108 M
tl06M 107 M
Minnesota PAL
107 M 108
109 M 109 >4
J100M 103 M
59
1957
Mississippi PAL 53—
5,000
5,000
2,000
—
—
80
85
98 M 100
108?*
109 H
99 M 101
56
64M
106
107
20,000
15,000
29,000
102 M 104 M
105M 108
101 M 104 M
110M 111 %
101M 104
Virginia Pub Serv 5Ms A.
1st ref 5s series B
•<
101
f 6s
s
M 101 f*
102
.—
—
Deb
I02M
100M 101 M
102 M 106
102'* 103M
107 M 108
101 ?* 102 M
111 M HIM
1955
i -1st A ref. 5s
.......
59%
104?* 105 M
4Ms....—1978
Mississippi River Pow 1st 5s .1951
Missouri Public Service 5s...I960
1947
1947
5s without warrants
1952
6s series A
Utah Power A Light Co—
Appalachian Elec Pow 3Mb-..1970
Appalachian Pow deb 6s
2024
Arkansas Pr A Lt 5s—
•
United Lt A Rys (Del) 5Ms.l952
Power A Light
Amer Writing
(♦Ulen A Co—
3Ms..
Co—
American Gas A Electric
*104
104J*
6,000
10,000
7,000
......
Waldorf-Astoria Hotel—
♦58 Income debs.
-....
Wash Ry A Elcc 4s
Wash Water Power 3 Ms
West Penn Electric 5s
West Penn Traction 59—
Western Newspaper
Union—
6s unstamped
6s stamped
112
112M
Canada—
1st M 5s series B
113M 114
1114?* 116M
5s series C._
12M
110
110M
—
1948
.1950
New England Pow 3 Ms
Debenture 5M»
—
New Orleans Public
1961
1948
*954
.
N Y State E A G
Debenture 5s.
1948
♦5Ms...
—
1954
6s series B.._.
1952
1955
...
5 Ms
...—1950
Debenture 5s.......
,
+90
49
1001*
*103
Jau 1966
Conv deb 5?
.1958
1969
Debenture 5.3
Cities Service P A'L 5Ms- -1952
5 Ms--
J—-.1949
Community PAL 5s
+1957
Connecticut Lt A Pr 7s A.-.1951
Consol Gas El Lt A Pr (Bait)
3Ms series N
.1971
1st ref mtge 3s ser P.:.... 1969
1st ref mtge 2**s ser Q....1976
48M
48
1107
'
108M
70M
72 M
71 M
73?*
103 M 104
110M 110M
tl06M 107 **
tH4M
Friday
79 M
v
74 M
75
779*
68 M
69
101
99 M
50
100M
104
Nor Boston Ltg Prop 3 Ms—19'
19'
Nor Cont'l Utll 5Ms—
Northern
:
104
A—......191
54
Consolidated Gas (Bait City)—
Gen mtge
4Ms
——..1954
Cuban Tobacco 5?
1944
Cudahy Packing 3Ms.
.1955
High
Agricultural Mtge Bk (Col)—
56 M
107
107M
April 1946
Jan 1947
♦20-ycar 7s...
♦20-year 7s.
79 M
77
Bogota (see Mtge Bank of)
*
♦Cauca Valley 7s...:
1948
Dantsb 5Ms
1905
77 M
79
73
73 M
1029*
1179* H7M
Ogden Gas 1st 53
—..1945
Ohio Power 1st mtge 3Ms-—1968
1st mtge-3s
..1971
Ohio Public Service 4s
_
107
—...1962
Okla Nat Gas 3»*s B._.Aug
107M
Ext 53
108
106
107M no
105M 108M
101M 104
1955
Okla Pow A Water 5s...+...1948
—
.1953
Danzig Port A Waterways—
♦External 0Ms
102?-* 105 M
♦Lima
'
stamped...1952
City (Peru) 6Ms stpd. 1958
♦Maranho 7s
———.1958
♦Medellin 7s stamped...*...1951
109M 109M
'
107
of Prices
Low
104M
Ind Public Service—
1st 39*s series
;
08M
'
!
'
107
Mtge Bank of Bogota 7s—..1947
HOI** 102 M
♦
Continental Gas A El 5s.....1958
Sale
Price
19;
series A
Week's Range
Last
.....
North American Light A Power-
Jfl927
{♦Chicago Rys 5s ctfs
Cincinnati St Ry 5Ms A
D
48
BONDS
Central States PAL 5Ms..-1953
Cities Service 5s..
3?*S——1964
4s..2004
1954
N Y A Westchester Ltg
.1964
I)
1947 J
♦Stamped 5s
Service—
♦Income 6s series A—Nov 1949
.
1937 J
(♦York Rys Co 5s stpd
90?*
46 M
New Eng Pow Assn 53
(♦Central States Elec 53
89 M
1113M 118
469*
47M
-
Conv deb 5s
Canada Northern Power 5s.. 1953
123M 123M
A El Assn 53..1947
59-—-
Central 111 El A Gas 3?*s
99M
12
1981
6s series A
2022
Nevada-California Elec 53—1956
New Amsterdam Gas 53..—1948
Nebraska Power 4Ms.'
New Eug Gas
Bethlehem Steel 6s
Birmingham Electric 4Ms
Boston Edison 2 Ms
Broad River Power 53
90M
(♦Nat Pub Service 5s ctfs...l978
Convertible 6s
Bell Telephone of
1945
Nassau A Suffolk Ltg 5s
Works
Baldwin locomotive
Pacific Ltg A Pow 5s..
1100"
Issue of May
1927
♦Issue of Oct 1927..
103
99 M
99 M
Park Lexington 3s.....
'27M
27M
Penn Cent L A P 4Ms-
101M 102 %
Mtge Bank of Denmark 5s. .1972
105M 105M
♦
Pacific Pow A Light 53
lst 5s
♦Mtge Bank of Chile 6s —+.1931
Parana
(State) 7s
1958
♦Rio de Janeiro 6Ms........1959
3Ms
Penna Water A Pow
3Ms
ver
A Light
JO0M 106 M
-
Phil^ Elec Power 5Ms
Eastern Gas A Fuel 4s....
Electric Po
Phila Rapid Traaslt
5s".
tlOBM 108
63—+
112
113
105M 105M
♦Russian Government 6MS--1919
♦5 Ms..-
1921
—.......1949
♦Santiago 7s
Portland Gas A Coke Co-
Elmira Wat?r Lt A RR 53
♦5s stamped...--.—-...
Empire District El 5s.
5s stamped extended..:
+96 M
99)*
♦No
n
par
value,
a
Deferred delivery
Under-the-rule sale,
r
Cash sale,
x
sale,
d Ex-intcrest.
Ex-dlvldend..
.
Potomac Edison 5s E....
4Ms series F—
Federal Water Secvlce 5 Ms..1954
Finland Residential Mtge
Bank 6s-5s stamped.
Florida Power Co 4s
Florida
ser
1961
C_—1966
Po^-6c Lt 5s........1954
Potrero Sugar 7s sfpd
Power Corp
(Can) 4 Ms B
t
Odd-lot sale,
-:."t l--'"-,
t Friday's bid and asked price; no sales being transacted during current week.
♦Bands being traded flat.
( Reported In receivership.
Abbreviations
Used
-....v.-
—
•;
_
"v t c." voting trust certificates; "w 1," when
warrants.
„
'
Abnrc—"cod," certificates of deposit; "cons,"
"cum," cumulative; "conv." convertible;1"!!!,"
without
..; ;■. V'
.
;
;
•
'
consolidated;
mortgage;*"n-v."-non-voting stock
issued; "w w," with warrants; "x w."
Volume 155
Number 4063
•
.
-THE COMMERCIAL & FINANCIAL CHRONICLE
:
.
1
'
'
^1
*
**
1
"
'
V,''"v:1493
"***
.
1
,
OTHER STOCK EXCHANGES
Friday
April
4
to
April
10,
both
inclusive,
compiled
from
iMSt
Week's Range
of Prices
Contnr Corp of Am com.20
Crane Co com.l
...25
Week
Price
Low
ft
High
com v t e..
Shares
Price
Low
High
Shares
Stocks (Continued)
Dow Drug
.
Curtis Lighting Inc com24
Curtiss-Wrigtit Corp com. 1
*
East Sugars Assoc com vtel
*
com
Elec Household Utll
Leonard.
Fairbanks-Morse
*
com.
7% prefer.ed. 1 -i.i_.25
Preferred. 1
..1.100
Gen Amer Transp
National Marine Bank..30
Northern Central
Kyi..50
Owings Mills Distillery,.
Seaboard Comm'l
Pref
5%
com..
General Finance Corp coral
General Foods common..*
1
.
com..r5
General Candy A ........ 5
General Electric Co com..*
New Amsterdam Casualty2
10
_.
Randall A
...
.
._.-..._T_-*
U 8 Playing Card...... 10
ser A x-w....l
......
*
Preferred..
-........
50
*
com
'''* ■!( ■>. '
Bait Transit Co 4S flat 1975
Harnischfeger Corp
,
com.
Unlisted-^
*
Am Rolling
'•
[
,
.
.
General Motors......... 10
Horders Inc com........*
517
5
4
204
24
Mar
33
Mar
4)4
304
Apr
Apr
Jan
Mar
4
-Jan
Timken Roller
t
—
34
i
10
404
Feb
.' ,"s
'
».
114
161
94^ 9'4
80
4S0
238
135
1% ■('
14
:
34
354
Bearing,384
384
104
Jan
9
Jan
14
Feb
30
: Jan
374 Mar
1
12
Jan
104
'
Feb
14 >: Jan
354
Apr
43,4
Jan
.
.
10
cap...l
HlbbSpenc Burt lett com 25
25
202
34
•
,
Mill.......25
104
City Ice & Fuel....;....,*■
Columbia Gas._....'.I..*
— ?
Cleveland Stock
lielleman Brewing
flat..:.:—;... 197$
34
... _..
.
.
Goldblatt Bros Inc com..*
Goodyear Tire A Rub
4 4
'274 >'274
3434
274
US Printing.............*
.
—
Great Lakes Dr A Dk com*
A 5s
.—.
gtd_.
Procter & Gamble.
Gen Motors Corp com..10
U S Fidelity A Gar.:..'.2
••Bond#-^-.
—
Magnavox
.
.
Fox (Peter) Brewingcom_5
Fuller Mfg Co com
1
f
Mills—
—
Rapid
I> & D oom..
..
Lunkenheijner..
.
'
Mt Vern-Woodb
Range Since Jan. 1
Special...
F1U Simons A Connell
;
..
Little Miami
Corp 5
Elgin National Watch Co 15
Houston Oil pref....100
Merch A Miners Transp..*
for
Shares
High
Hobart A
*
..1.:
Dortge Mfg Corp
Low
Kroger
.
.
Dixie-Vortex Co cl A..... *
Fidelity A Deposit. ....20
Fidelity A Guar Fire...10
Price
Week
—
Gibson Art
-
Diamond T Mtr Car com 2
Common
Par
Sales
IFacfc'S Range
of Prices
Eagle-Plcher
.
100
Dayton Rubber Mfg com. 1
Consul Gas, E L & Power ♦
Morion W Penn P 8—
Sale
Formica Insulation
7% cumul pref
C—.1.100
1st pref v t
Last
Week
Curtail y racking—
Corp......J.i...*
Bait Trans Co
Par
for
of Prices
lists
for
Sale
Stocks-
Stocks (Continued)
sales
Friday
Week's Range
Sale
Sales
Friday
Arundel
official
Sales
Last
Baltimore Stock Exchange
Exchange
.
April
.
4
to
April
10,
both
inclusive,
compiled
from
official
sales
lists
Houdftllle-Hershey cl B._*
Boston Stock
April
4
10, both inclusive,
April
to
Exchange
compiled from
official
Week's Range
--for ■
of Prices
Jjow
High
com.... 1
Illinois Brick Co cap
sales
lists
Sales
Friday
Last
Hupp Motor Car
Range Since Jan. 1
Week
Sales
10
Week's Range
Illinois Cent RR com..100
Indiana Steel Prods
com..
Inland Steel Co cap
Low
1
18
lillJan
60
liiMar
10
>-<Feb
Boston A
IOC
Albany
Preferred..
Interstate Power 56 pref.. *
Jarvis (W B) Co cap.....I
Tel.'.../—100
Boston
Cleveland Railway.
Cliffs Corp com
Elevated......100
1
Katz Drug Co com...... 1
Boston
Herald-Traveler..*
Ken-Rad Tb A Lmp com A
Boston A Maine—
*..
744
100
Eaton Mfg
8
.....*
....
Faultless Rubber...:.... *
preferred.—... 100
6% preferred.......100
c
c
General Elec com....:.*
Lincoln Printing Co com.*
vt.Jan
-UuC 5f.
124'>«Apr
Firestone T & R com..10
Leath A Co cupiul pref—. *
Llbby McN A Libby com.7
Mar
42%.:»iApr
144'bdan
...5
Class A 1st pref stpd. 100
Goodrich (B F)
Prior
Class B 1st pref stpd. 100
Trusts. *
Boston A Providence... 100
Calumet A Hecla
5
Boston Pers Prop
Copper Range..
East Boston
-... —-
Go.lv.
Eastern Gas A
Liquid Carbonic
—
Interlake Iron com.....*
Interlake Steamship
*
Jaeger Machine
*
Kelly Island Lime & Tr..*
MoKee (AG) B.
Lamson & Sessions......*
National
Prior
6% prior lien
...100
7% preferred cl A
100
—
$1
*
National Tile.
*
...*
Patterson-Sargent. ......*
Common stock v t c
Isle-Royale Copper Co.. 15
*
Refining, (new).*
pref 6%.—
Packer Corp.....
Miller A Hart Inc—
----*
Gillette Safety Razor Co.*
c
10
prior preferred
Republic Steel com
*
Modlne Mfg com.....—*
Richman Bros.:...,.
Monroe Chemical Co com *
com..5
pref——— — -50
Lamson Corp (Del)
6% cum
c
Midland Un Co conv pf A *
Midland Utilities—
*
T c...*
Capital Corp. — .*
Gilchrist Co.:...-
»
*
Middle West Corp cap...5
Em pi Group Assoc
Genera!
Industrial Rayon com. .*
$2 cumul part pref
1 -100
—
c
McCord Rad & Mfg cl A. .*
1st preferred........100
A d J ustment.'
Seiberllng Rubber
a
.*
—
104
16 4
244
24
*
a
104
17 if
254
•
24
Standard Oil of Ohio....25
a274 a274
100
Montg Ward & Co com..*
cUS Steel com
.*
a 50
Linotype..*
Muskegon Mot Spec A—*
Nabco xJquidatliig com..*
Upson-Walton
..1
5
Preferred....
Loew's Theatres (Bost). .25
Maine Central com
Mergenthaler
Jan
Feb
.100
5
Mrchnts A Mfrsfe'eccomAl
Preferred B—V.—-.100
v
Harbauer Co.. .£....... *
Marshall Field com
4% prloi pref
100
6% preferred
100
com..100
4
8
Cooperage A..*
Halle Bros pref..
*
Lynch Corp com. .1
East Mass 8t Ry
Eastern 88 com.:_....
Grelf Bros
*
com... .*
Xoudon Packing com.
*
ii—.
27 4
*
Goodyear Tire & Rubber.*
Great Lakes Towing...100
$3 4 preferred
-10
—
i
General T & R Co—...25
Lindsay Lt & Chem com.*
Lion Oil Refg Co cap
*
Fuel Assoc—
Common..--.--.
,
964",<Jan
*
Colonial Finance..—..... 1
_
Ky Utll jr cumul pref.—50
•
*
....100
Cl Cliffs Iron pref
Joy Mfg Co com....
..25
Boston Edison...
Shares
City Ice & Fuel.....
Internat Harvester com..*
Amer Tel A
High
Brewing Cprp of Amer...3
Canfleld Oil.;iWJ-.-100
'._*
Interlake Iron Corp com.. *
Shares
for
Week
of Prices
Indep Pneum Tool stc..*
Indianapolis P A L com..*
Narragansett Rac Assn..l
New Engl Tel A Tel.-100
N YN 11 AHRR-
Nash-Kelvinator
Natl
100
—
Qulncy Mining Co...
Shawraut Abhii T C
94
54 ?
54
*
50
.25
Noblltt-Sparkslnd lnccap5
--*
—
54
94
.....*
10
N Y Central Rllcap
*
Pennsylvania RR
*
a504
Weinberger Drug Stores. .*
Cylinder Gas com.. 11
Natl Standard com.:
...100
Pacific Mills Co
Van Do'rn Iron Works
Vlchek Tool
6
cap
—
Natl Pressure Cooker com 2
North Butte—i...l:.2.5C
Old Colony RR
*
—
Northern Paper Mills
North Amer Car com...20
com*
*
North West Utll
Co
North west Bancorp com.. *
TorrlngtonCo (The).—I.*
Watling, Ierciien
Nrthwst Airlines Inc com.*
Suburban Elec Sec 2d pref *
Stone A Webster
Members
Frlorllen pref........100
5
Union Twht Drill Co
7% prf 100
United Fruit Co.—,—j—*
Paramount Plct Inc com.l
New York Stock Exchange
United Shoe Mach Corp.25
Detroit
Utah Metal A Tunnel Co.l
Peabody Coal Co B com. .5
Penn Gas & Elec A com..*
Co 100
Peoples G L & Coke eap 100
Pressed Steel Car com.... 1
New York Curb Associate
Pennsylvania RR cap...50
Waldorf System.——).—.*
Vermont A Mass Ry
*
Warren Brothers
Warren
Stock Exchange
Ford
Chicago Stock Exchange
DETROIT
Building
Pullman Inc capital.....*
(HD) Co.:—.—*
Telephone: Randolph 5530
Pure Oil Co (The) com...*
Quaker Oats Co common.*
Radio Corp of Amer com.*
Raytheon Mfg Cc 6% pref5
—..50c
Common.
April
4
to
April
10,
both
inclusive,
compiled
from
official
sales
lists
Republic rileel Com com.*
Detroit Stock
Rollins Hosiery Mills com 4
Sales
Friday
Last
Sale
Price
Week's Range
of Prices
High
Low
far
Week
Shares
St Louis Natl Stkyds cap. *
Range Since Jan.
1
Sangamo Electric Co com *
Schwitzer-Cummlns cap..l
April
4 to April 10,
both inclusive, compiled from official
Sears Roebuck & Co cap. .*
Serrick Corp B com—: -1
Acme Steel Co com
25
Last
.
Spiegel Inc common
Aetna Ball Bearing com.. 1
Standard Brands Inc
Allls-Chalmere Mfg Co.
2
com
.
Sale
*
Price
*
Standard OH of lnd cap.25
Amer Rad A Stand com..*
Standard Oil of N J cap.25
Amer Tel A Tel Co
Stewai t Warner
—
Atlas Drop Forge com...5
Corp com 5
Auto City Brew com—.1
Anaconda Cop Mln cap.50
Armour A Co. common..5
Studebaker Corp com
Asbestos Mfg Co com——1
Swift A Co capital
..25
Burroughs Add Machine.*
Associates Invst Co com..*
Swift International cap.. 15
Burry Biscuit com...124c
Consumers Steel com
1
Atch Top A 5 Fe com..
100
Sundstrand Mach T'l
1
com
Texas Corp capital
Baldwin Rubber com....i
5
Brown McLaren common. 1
25
Atbey Truss Wheel cap. .4
Aviation Corp (Del)
..3
Trane Co
Union Carb & Carb cap..*
Det A Clev Nav com
10
Barlow A
U S Gypsum Co oom
20
Detroit Edison com
20
U S Rubber Co com
10
Detroit Gray Iron com...5
United Air LinesTrnspcap 5
U S Steel common
*
Det-Michigan Stove com.l
Durham Mfg com....___ 1
—
Seellg M fg A com 5
Bastian-Bltsslng Co com.*
.10
Belden Mfg Co com
Belmont Radio Corp
*
Bendix Aviation com....5
7%
Continental Motors com.l
(The) com....25
cum
Federal Motor Truck com *
preferred...100
Berghoff Brewing Corp... 1
Utah Radio Prods com_._l
Gar Wood lnd com
Bethlehem Steel Corp com*
Walgreen Co
Blnks
Wayne Pump Co cap
1
10
1
Graham-Paige common..1
Hoover Ball A Bear com. 10
Hudson Motor Car com..*
Hurd Lock A Mfg com...]
Mfg Co cap..
1
Uorg Warner Corp com..5
Brown Fence A Wire com. 1
Gen Motors com
1
Western Un Teleg com. 100
Goebel Brewing com
Westnghs El & Mfg com.60
Class A pref.......:-.*
Wisconsin Bankshares com*
10
Woodall Industries com..2
Wrlgley (Wm Jr) Co cap _*
Yates-Amer Mach cap...5
Yellow Tr A Coach cl B..1
—
10
Butler Brothers
30
5% conv preferred
Campbell Wyant A
Can
Foundry cap
Kingston Products com._l
Klnsei Drug com.
]
LaSalle Wines common..2
fcenitli Radio Corp com..*
*
ACo (A M) com. 10
Cent 111 Pub Serv «6 pref.*
Castle
Masco Screw Prod com—1
McClanahan Oil com
Bonds—
Michigan Silica com.....1
Michigan Sugar common.*
Mid-West Abras com..50c
50c
Preferred
*
87 prior Hen
pref....
—
*
Cent States Pwr A Lt pfd *
Chain Belt Co com......*
Chicago Corp common
Murray Corp com
conv
4
to
April
10,
Chicago Yel Cab
both
inclusive,
1
compiled
from
Last
Week's Range
for
*
Sale
of Prices
Week
*
Price
cap
official
sales
lists
Parke, Davis com
10
—*
Prudential Invest com—.1
Sales
Friday
pref..*
Common capital
—
Packard Motor Car com..*
April
Convertible preferred..*
Chic Towel Co
1
Mich Die Casting com...1
Commonw'lth Edl3 3 4s '58
Central 111 Secur conv pref*
Cent S W Utll com
..3
General Finance com
common....*
Burd PDton Ring com. —1
Bunte Bros com
Low
High
Shares,
Rickel (H W)
common...2
River Raisin Paper com..*
Scotten-Dlllon com
10
Simplicity Pattern com... 1
Chrysler Corp common
5
Cities Service Co com... 10
Am
Coleman Lamp A St com.*
Cincinnati Ball Crank.
Com'wealth Edison com.25
CinGas A Elec pref...,
Union investment com...*
Consolhlated Biscuit com.l
CNO ATP
U S Radiator pref......50
Consolidated OH Corp...*
Cincinnati Street......
Warner Aircraft com
Cincinnati Telephone.,
Cin Union Stock Yards
Wayne Screw Prod com..4
Wolverine Tube com
2
Crosley Corp.
Woodall lnd common—..2
Consumers
V tc
Co—
pref part shs
50
Com pt sns v t c B —*
For footnotes see page 1495,
Stand Tube 11 com
Laundry Mach...,
—......
Sales
Friday
Signode Steel Strap pref 30
Adams (J D) Mfg com....*
cap.100
Exchange
.
1
Timken-Det Axle com..10
Tivoli Brewing com
1
1
Week's Range
of Prices
High
Low
for
Week
Shares
sales lists
THE COMMERCIAL & FINANCIAL CHRONICLE
1494
Monday, April 13, 1942
OTHER STOCK EXCHANGES
Sales
Friday
Last
Stows (Continued)
April 4
to
April 10, both inclusive,
Friday
Week
Price
Range Since Jan. 1
Par
Pac Tel A Tel com
-
of Prices
High
Low
United Corp common—
'
Preferred
11 4
...
.
2.70
'<
Super Mold Corp
Westmoreland Coal
5
4%
Walalua Agricultural Co. 20
April
8
13 M
Goodyear Tire A Ruhr Co *
Hancock Oil Co cl A com:*
4
both
10,
April
to
184
Holly Development Co-.l
Lockheed Aircraft Corp.. 1
20
compiled
from
Pac Finance Corp com.. 10
Pacific Gas A Elec com-.25
17
sales
Wells Fargo Bk A U Tr. 100
Western Dept Sts 7% prf25
lists
Western Pipe A Steel Co. 10
Yosemlte Ptld Cem
Week's Range
for
Sale
of Prices
Low
High
Unlisted—•
Shares
Amer Rad A Std SanL—*
Amor Tel A Tel Co.... 100
Allegheny Ludlum Steel..*
Auto Finance com..—— 1
2614
354
25 4
Republic Pete 54% pref 50
Apglo Nat Corp cl A com.*
Atch Top A Santa Fe—100
......
Copperweld Steel........ 5
Devonian Oil..—...... 10
Rice Ranch Oil Co. —1
a22c
Fort Pitt Brewing—..... 1
Columbia Gas A Electric.*
Ryan Aeronautical Co... 1
Security Co units of ben Int
44
14
Hoppers Gas A Coke prf 100
Sontag Drug Stores....--*
So Caiif Edison Co Ltd..25
v". 54% preferred C
25
6% pref cl B..-...---25
34
174
24
26
pref.25
a284
6% pref cl A
....26
Southern Pacific Co
*
StandardOilCoof Calif—*
274
Transamerica Corp.—2
Union Oil of California. .25
4
114
Vultee Aircraft Inc...... 1
10
50
—.
Unlisted
AnacondaCopperMlnCo50
—
to
4
FeRy.---.——100
April 10, both inclusive, compiled
«37 4 a374
a374
Aviation Corp (The) (Del) 3
a3 4
all4
a84
a58
a23
a34 4
Baldwin Loco Wksvtc. 13
BarnsdallOilCo-. ——5
BettUehem bteeiGorp.—*
Borg-Warner Corp......5
Caterpillar Tractor Co
*
a3 4
a23
a23
Sale
a84
a584
a
a24
a24
84
a34
a74
84
a34
Electric Bond A Share Co.5
1
Geueral Electric Co.....*
General Foods Corp
*
a234
a254
Goodrich (B F) Co.......*
Nlckei Co of Canada.*
al44
: Intl
Kennecott Copper Corp
Exchange
::
from official sales lists
1
324 -324
of Prices
Low
High
fort
64
20 r
17
•
com.
514% pref.......
25
0% preferred........25
a74
1
Byron Jackson Co
Calif Ink Cdcap.
Calif Packing Corp
324
Preferred...
-
a394
North American Co—*
Packard Motor Car Co... *
a2 4
Pennsylvania RR Co. —50
Pure Oil Co
'
•
a7
Cons Chem Ind A——
a24
214
Creameries of Amer Inc—
214
a8
Socony-Vacuum Oil Co. 15
Standard Brands Inc
a8
a8
a7
a7
.*
3
3
a34
—
Texas Corp (Tne)—25
Tide Water Assoc OH Co. 10
Union Carbide A Carbon
Corp..
a44
■*
United Aircraft Corp....5
US Rubber Co
10
a334
*
Westlnghouse El A Mfg.50
Fireman's Fund Ins Co.
4
Last
Sale
both
Greyhound Corp com....*
Hawaiian Pine Co Ltd..:.*
American Inv com..—
—
compiled
Friday 1
Last
Sale
Stocks—
Par
Price
from
official
sales
lists
Sales
Week's Range
of Prices
Week
Low
Range Since Jan. 1
Dr Pepper com...
Elder Mfg com:—
Coca-Cola Bottling com.. 1
—•
■
Libby McNeill A Libby-7
Lockheed Aircraft Corp..!
Ely A Walker D Gels com25
2nd pref.. i —..100
Falstaff Brew com.
1
*
Grlesedieck-Wst Brw com *
—
com—..—5
Hyde Park Brew com... 10
Huttings A D
Magnavox Co.Ltd—-l
Magnin A Co I com—
■
— *
—..*
A-..:—T—-..-100
High Shares
Low
High
Meier A Frank Co Inc.. -10
International Shoe com—*
Menasoo'Mfg Co
American Stores
McQuay-Norrte com. — :. *
Meyer Blanke com....-.*
Mldwst Pipng A Sply com *
Mo Portland Oeront com 25
Natl Bearing Metals com. *
1
com
.*
Natl Auto Fibres com..—1
Amer can Tel A Tel... 100
Natomas Co...———*
Budd (E G) Mfg Co.....*
Budd Wheel Co—......*
N Amer Invest 6%
Chrysler Corp
6
Cutis Pub Co prior pref.. *
Electric Storage Battery 100
Oliver United Filters A...
General Motors..
Pac G A E Co
Common——
Cyl&S8 B
Pac
10
'•»
** «
«•
-
Natl Candy com.
*
»»^
Lehigh Coal A Navigation*
Lehigh Valley..
.50
S5 dividend.
.....
Nat'I Power A Light...—*
St Louis Pub Serv
A com. 1
Sterling Alum com
com...-.25
—:1
10
Stix Baer A Fuller com..
Wagner
I
—
Electric com... 15
v-1
■
i
Bonds—
.---.—*
—
Pac Pub Serv 1st pref..
*
com.*
—... -
Rice-Stix Dry Goods
!
Coast'Aggregates——
6% 1st preferred
26
54% IstDref——-25
Pacific Light Corp com..*
—
..
pref 100
North Amer Oil Cons.—10
Horn A Hardart (N Y)~
Shares
Chic A Sou Air L pref: —10
Lyons-Magnus cl B—
for
of Prices
High
.*
Holly Development-...--1
Honolulu Oil Corp capital *
Inclusive,
St
*
LPbSrv25-yrcnvincl964
CANADIAN MARKETS —Listed and Unlisted
Sales
Week's Range
for
Last
Sale
of Prices
Low
High
Week
Stocks (Continued)
compiled
Friday
Last
Sale
Price
from
official
sales
lists
for
Week
Shares
Range Since Jan. 1
6
4% preferred. ——100
Agnew-Surpass Shoe pf.100
Anglo Can Tel Co pref. .50
Asbestos Corp.
*
.........
Assoc Breweries
.._._*
Bathurst Pow A Paper A. *
Bell Telephone Co
100
For footnotes see page 1495
Shares
Stocks
(Continued)
Par
Cndn Foreign Investment *
Cndn Ind Alcohol B——*
Bruck Silk Mills
Canadian Pacific Ry—25
Brazilian T L A P....,
Building Products A—.
Bulolo
——
Canada Steamship
5% preferred-
Con Mining A Smelting..5
—
Canada Cement pref—
Acme Glove Works—
Price
Distillers Seagrams.,
Dominion Bridge."— ; .i
; Dominion Coal
—
Canadian Bronze
Cndn Car A Foundry..
Preferred-.:..-.—.
Canadian Celanese—
Preferred 7%—.....
Cndn Cottons pref...,
-
*
-*
pref...: 25
Dominion Glass pref...
100
Dom Steel A Coal B—25
Dominion Textile..
Preferred
Drydett
.
—
—.
100
Paper—-—..——*
Foundation Co of Can.—*
Week's Range
!' of Prices
High
Price Low
Sale
Brit Col Power Corp A,
Sales
Week's Range
of Prices
Low
High
Par
Sales
Friday
Last
Friday
April 4 to April 10, both Inclusive,
7
Phone
»
.
.
Exchange
Week's Range
tow
Stocks-
Golden State Co Ltd.—*
Langendorf United Bk A.*
Class B———*
April 10,
:
Friday
Gen Motors Corp com..10
Hunt Brothers pref—..10
to
v
.25
Honolulu Plantation Co.20
April 4
,
CEntral 7600
Postal Long Distance
Bell Teletype SL 593
...7
both inclusive, compiled from official sales lists
April 10,
to
cap..24
Gen Metals Corp
a674
...
April
Foster A Kleiser com... 2 4
a3l4
al54"
494
US Steel Corp
St. Louis Stock
Common————-—*
Preferred (ww)—.—.50
a604
..'—.
<
,
r
Ewa f lantatlon Co cap. .20
9
—*
—
1
:
>
,:V
Chicago Stock Exch.
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
1?
New York Curb Exchange Associate,
nr.
Emporium Capwell Co—
22
a334
.
Members
~
St. Louis Stock Exchange
*
Electrical Products Corp.4
a44
fl33
;
Established 1922
Doernbecher Mfg Co
3
22
.
New York Stock Exchange
*
Preferred---.
-
J
Fruit com r—10
Preferred...........100
a44
a44
,
Di Giorgio
a344
22
1
25
*
1
Crown Zell'bach Corp oom5
a74
«44
—
Common...—..
a2% a24
164
164
a47M «504
Standard Oil Co (N J)
25 a344
Stone A Webster Inc...a44
Studebaker Corp....
Swift A Co
.
705 Olive St.. ST. LOUIS
Cent Eureka Min Co com 1
064
164
75c
j Edward D. Jones & Co.
•
a24
214
a2 4
3
St. Louis Listed and Unlisted Securities
Caterpillar Tractor com..*
ali4^U4
a48 4
70c
Westates Petroleum pref. 1
Carson Hill Gold Mlq cap. 1
*
1
com...
United Aircraft Corp cap 5
United States Steel com..*
Week
Shares
Calif Water Sorv pref.-25
Sears Roebuck A Co
■
a54 a54
a304a314
a49 4 «5<)4
44 A 44
—*
com..*
a264 a274
a7% 084
Republic Steel Corp...—*
A
a34 4 a344
—..—50
.
a39
Radio Corp of America.—*
3
Stand Oil Co of N J....26
*
.20
a264
a74
a 11-4
a64
..*
244
26
Studebaker Corp
—
Calamba Sugar com...
a39
North Amer Aviation Inc. 1
17.4
234
Calaveras Cement pref -100
Montg Ward A Co inc...*
N Y CentralRR Co.—.*
64
20
26
Standard Brands Inc.....*
Range Since Jan. 1
Accessories.... 50c
Loew'sInc..;......i...*
'
Week's Range
74
a2l4 a214
a2%
a24
.'*
Anglo Amer Mining..—.1
Anglo Clalf Natl Bank-20
Assoc Ins Fund Inc.——10
Bank of California N A.80
a234 o25
a254 o294
al44 al44
a264 a27
a27
—
94
104
24
Alaska Juneau Gold M —10
a24
84
a3 4
a74
«12
104
2 4
Warner Bros Pictures——5
A ircraft
a344
10
Cities Service Co
Price
Stocks
.
34 4
Commercial Solvents....*
Continental M otors Corp .1
Curtiss-Wright Corp...
1
•
Last
all-4 al24
a84
1.70
12
Preferred*
Sales
Friday
a3 4
a58
6
74
94
So Calif Edison Ltd com 25
Atchison Topeka A Santa
!
6c
r
:
.
1.65
Pennsylvania RR Co...50
Radio Corp ot Atnerloa..*
San Francisco Stock
April
6
a
Schumach Wall Bd
3
6c
r
«26 4 «27 4
Packard Mr,tor Co com..*
1
a244
Armour A Co (111).......5
■
«314 a32H
OnomeaSugar Co......20
Pennroad Corp v t c
394
116
2.15
«264 a264
North Amerioan Aviation 1
44
American Tel A Tel Co. 100
244
2.05
North American Co com 10
Oahu Sugar Co Ltd cap. -20
Westingh'se Elec A Mfg.50
1%
27
234
prf 10
Montgomery Ward A Co.*
Mountain City Copper..5c
1
Unlisted Stocks—
Amer Smelt ARef Co.—*
27
M JAM AM Cons. —,.1
Westlnghouse Air Brake..*
.
1
II4
a54
M onol lthPtldCem8%
Vanadium Alloy Steel....*
Amer Rad A Std SanL —*
11.4
a54
Intl Nickel Co (Canada)
*
Kenn Copper Corp com..*
—1
..
U nited States Glass..
14
Mining Stocks—
Alaska Juneau Gold Mng 10
75c
a'2 4
—
Shamrock Oil A Gas
84
75c
General Electric Co.....*
Idaho Mary Mines Corp.l
com..*
Pittsburgh Coal Co com 100
Pittsburgh Plate Glass..25
Pitts Screw A Bolt Corp..*
6
9
•
84
«24
Cons Edison Co of N Y_.*
Mountain Fuel Supply..10
12
194
Wellington Oil Co of Del.. 1
Universal Consol Oil
30c A- 32c
Consolidated Oil Corp.:.*
Domlnguer OH Co.......*
Natl Flreproofing com...*
—...
3 4
u34H a354
Cal Pac Trading Corp pref*
com... 10
Mesta Machine Co. ——.5
Preferred...
34
37 4
Cities Service Co
Lone Star Gas..——..—*
Penn Federal Corp
34
374
34
Aviation Corp of Del....3
Bendlx Aviation Corp....5
Blair A Co Lno capital... 1
Bunker Hill A Sullivan.2 If
Harb-Walker Refrac com.*
254
Solal* Aircraft Co...1
1164 U64
254 254
Anaconda Copper Mln..fiO
_-.____.25
Preferred.
Pacific Lighting Corp com *
So Calif Gas Co 6%
prpf. 10
Week
Price
Stocks—
official
Sales
Last
64
1.25
10 %
6% 1st preferred.....25
Pacific Indemnity Co—10
inclusive,
Friday
48c
Los Angeles Invest Co.. 10
Menasco Mfg Co..——1
44
Vlctor Equip Co com..... 1
V ultee Aircraft—-—
;:.. 1
17c
General Motors Corp com 10
10
_.
3704
344
Gladding McBean A Co..*
cap...
•Preferred...........
+
Trausamcrica Corp......a
Union Oil Co of Calif—25
Union Sugar common:..25
Bonds—
Amer Tel A Tel w 13s. 1956
a5%
Exeter Oil Co cl A com... 1
4
Thomas Alleo Corp*cl A. .♦
Tide Wat Asspc OH com. 10
Douglas Aircraft Co.—*. a6l4
Electrical Products Corp.4
Farmers A MohsNtlBklOO
4
Spring Valley Co Ltd:.—*
Standard Oil Co of Calif. .*
...
Westmoreland Inc.—...
18'4
:
.......
United Gas Improv com
11
*
Preferred
Preferred ....
100
So Cal Gas Co pref ser A.20
Southern Pacific Co...—*
;
Preferred...—
544
Creameries of America... 1
1
com......
Ryan Aeronautical Co... 1
SouotJvlew Pulp Co com.5
Tonopah Mining......
5%
al2'A
Chrysler Corp——..5
Consolidated Oil Corp...*
Consolidated SteelCorp—*
....—
Sun Oil..:...........
1.35
Broadway Dept Store Inc. *
Byron Jackson Co-.-—-*
Central Invest Corp... 100
Cessna Aircraft Co...... 1
Rheem Manufacturing Co 1
Richfield Oil Corp com...*
Roos Bros
Reading RR
1.65
Shares
Repub Petrol C'o com..—1
Salt Dome Oil Corp...
a54
A lrcraft Accessories
High
ref ..100
j
Tonopah Belmont—..y
Inc 50c
Barker Bros Corp com...*
Blue Diamond Corp—:.2
i
109
RE AH Co Ltd
Phllco Corp
for
Week,
Low
I rice
Preferred. ........-.100
Pennsylvania RR..
Shares
Range for Year 1941
of Pnces
Sale
Stock* (Continued)
Scott Paper..
Sale
Price
Stocks-
Week's Range
Last
Shares
Phila Elec Pow pref—
Sales
Week's Range
Last
for
of Prices
Low
High
Pennroad Corp v t c.
compiled from official sales lists
Friday
Par
Week's Range
Sale
,
for
Week
Shares
Volume 155
Number 4063 -■•"
';
COMMERCIAL & FINANCIAL CHRONICLE
THE
.
1495
CANADIAN MARKETS —Listed and Unlisted
Friday
Sales
Week's Range
Last
Sale
Stocks-
Par
Gftt IneftU—t«..♦
*4
5% preferred.vvi-iV. 100
General Mcel Wares J.:
Preferred..
34
100
Imperial Oil Ltd..^.'.^..*
■'
24
lmjierial Tobacco of Can.5
loiial
'25;.;-
Jan
Apr
45
30 H
Mar
100
Jan
24'
12c
assey-Hari Is Ud—.
I\
out L H A*.
April
Jan
r
4
to
April
10,
both
Last
9'4
*'ar
6H
Mar
•>7
Jan
Mar
12
vJan
36
40
,11
l;« 2
30H
.1234
Apr
1334
Jan
Par
Ablttbi;v:-::
Mar
<v2\t
Jan
85
Jan
00
'-.Jan
6% preferred
/Acme-Gas:
100
' ."Mar
115
""Jan
Ajax p & G..
■>:
'
100
•
>:
16
1734
Mar
:
*
Low
60c
60
•
Jaa
Mar
2334
Jan
*
Apr
24 34
Jau
15
:
Mar
16■> '• 'Jan
:.-'-25
2
National
tee! Car
25 '
38
30
Corp.*
34
Mar
38
Mar
30
34
50
•
Mar
20
1734
Mar
■■4i4
Feb
15
333
42 34 ' 43 H
Ogtlvie Flour Mills....... *
Preferred.....
100,
20 %
151*
5io
Ottawa Electric Rys..: ..*
Ottawa L H <fc Power.. 100
i.
—."100
Dev..:!.'::::
A
Placer
!:•
SH
'155
6% pieferrcd..-.-i^lO0
70 *
18
-18
lib
fO
A
preferred.
...
X
50
.*
2
8
9
120
13'4
S^-25
80c
80c
/•B..--..,*. ......J..
Zeilers. •: |.
A 4
24 X
80c
.
IVfrwi
■
H)0
80c
II W
■
-
1
12
0
2
3
Mar
1.00
Jan
2'i
11
4
2431
.
1.15
-•
150
100
150
150
145
145
'146
182
182
JS2 4
273
273 >4
HH)
Nova Scotia.;:........ 100
150
Royal...: :ioo
150
Aunor
1:
.
.
60e
Bank
Feb
1.05,-Jan
Feb
25
..Jan
28
143
Jan
150
Apr
152
R
188
Jan
27334
Apr
00
270
21
.,150
'
ar
Jan
Mar
148
Jan
153^a
from
official
Sale
Stocks—
Par
of Prices
Week
Price
6%
Low
65c
103
Bcauharnois Pow Corp..
—...
235
-6*4
150
94
■i
270
61
934
Jan
-
Mai
434
90%
:"'.75C: Mar
-
-7-"-
-
Mar
109
Jan
94
-
Brit Amer Oil Co Ltd.:..* -'t
Brit Columbia Packers..."*
•
yr
v
454
-
13)4
*
46
13 34
.450
1334
.1334
-
18
434
1334
W
l*
18
.
13.
238
7c
.1
V
3c
3c
70c
634
Iw
:
534c
•
-7% cum preferred-,. -100
Canada March Co Ltd. 100
•'<
185
Canada Vinegars Ltd:.'.
Apr
17
7%
'147^
1234
147
35
.142
Faner Co
) 2 3 34 1
3
A..*
Falrchlld Aircraft Ltd..-.5
.
voting trust..
10
234
234
Bobjo..:.
7c
Inter Paints
; 15
cum
pf.20
new
22 34
34
15
15
14
-'....
.
14
—.
-
•8434'. 84 34
3543)4
•
Melchers Distilleries pf-.lO
-a>
■*'
J.
Mitchell Robert & Co I.td *
59c
59c
Jnn
Okalta OilSu..::
*
24c
23c
Omega.
i-
834c
8c
Jan
Ontario Nickel
11c
9 34 c
1.80
2.80
1334
13
13
120
11 >5
Mar
8
8
150
7?4
Feb
95c
98c
lie
6%
cum
(H)..*
31 cum preferred......*
354
95
74
90
4)4,
76
16c
10c
Beaufor Gold Mines.»i.!.l
Can Nlalartlc Gold Miues.*
234c
3c
145
145
145
Canadian Breweries..:;..4
125
125
125
Francoeur Gold Mines..
29
2934
5
16 34
Lake Shore Mines Ltd.._l
Piokle Crow Gold Mines..1
Sher.ltt Gordon Ml es...l
.:25
Siscoe Gold
....
40)4
75c
Ventures Ltd
3.00
1
—.
Wrignt Hargreaves Mines *
22
:
Jan
24 34
1,65
Mar
2.35
950
1.49
Apr
2.20
.lan
1 j0
10
10
10
10
334c
125
31c
2,850
28j
2,315
2,450
CentralPatriiiia: : -.--v:::': 1
90 c
90c
93c
3,950
6 Mi
225
3 35c
9
Feb
90c
Apr
634
Apr
50c
''-.I
46e
Jan
1.00
t
St Law Paper pref
San Antonio
9c
9c
96c
Jan
Sherritt-Gordon
Jan
38
3834
3834
118
115
31
3034
40c
r
252
■
47
Feb
Simpsons preferred
40c
3734
115
P'eb
1.30
Jan
Jan
4,000
15c
Apr
39c
Jati
21c
23c
12c
Jan
23c
1734
214c
1734
2l4c
150
3,850
&■ 25
1015
39
Apr
132
33
35c
Mar
Jan
J fit)
Jan
,
Jan
Feb
Sudbury Basin.
Sullivan—.....—.
Sylvanite
6c
234c ' Mar
43ic
Jan
Towagmac,...
2534
Jan
—
...
Mar
734
Feb
Westons..
3c
3c
2,000
3c
Mar
10c
Jan
1.35
1.42
4,252
1.25
Mar
2.30
Jan
1134
10
Mar
12
Jan
Wrlght-Hargreaves
16 34
Mar
Jan
Dominion
Duqucsne.
_
1
Eastern Malartic.. 1
Feb
JanJan
634
Mar
1434
Mar
1.35
Steel.1...... *
Eldorado..l
Falconbridge:
*
H34
40
36c
43c
9,300
32c
Feb
4934c
1354
1.53
1.62
3,760
lc
2.99
825
2.90
Feb
3.60
Jan
1A.
16 34
1534
l'/8c
1634
134c
510
15
Mar
22
Jan
4,000
1 34 c
2'4
334
1,060
14 34
1534
..........
15
Francoeur.:::::-.-.::...
>?'wi,-;:.
Apr
77
Apr
.
'
"
'
4
__....*
% preferred:
Feb
.
63
534
10,)
.....1
2c
Golden Gate..
Goodyear.. 1.......
Gr Lak V T.
Jan
10334
Feb
Mar
5034
Jan
19H
Feb
16*c
Jan
3c
Mar
Great West..
50
—
_....
;;
*
;
Mar
46c
Feb
Apr
17 34
Feb
2.24,-
Jau
42c
Apr
.........*
,,
10c
Apr
20c
Mar
11c
20
Jan
034
Jan
1.30
Mar
1.96
1,000
lc
Apr
1%C
Jan
lie 1134c
»1.35
1.25
4,000
1034c
Jan
13i3fc
Mar
334c
Jan
Mar
60
39
1.25
Mar
1.56
Jan
52c
53c
-900
51c
Mar
61c
Jan
1.30
1,300
1.15
Mar
1.98
Jan
95
9
Apr
1134
Jan
1.68
1.65
Apr
2.34
Homestead.
Howey
i
Feb
Hudson Bay
»
7.25
7.30
60
7.25
Apr
1134
Jan
1.80
200
1.80
Apr
2.30
Feb
Imperial Bank
Imperial Oil..
..100
Apr
36c' Mar
87c
2,000
49c
Jan
Imperial Tobacco ord._
2,100
50c
60c
Jan
Inspiration :
49)4
Jan
134
Mar
234
Mar
14 34
Mar
1634
Feb
Feb
Jan
195
4c
Apr
434c
445
234
Feb
334
1,000
825
334
30
134
Apr
234
Mar
75
3
Jan
334
Jan
Apr
75
10c
500
10c
20c
Jan
1.375
6.70
Mar
10.50
Jan
Mar
15c
2334
193
v,
2334
"
193
40c
.
Int Met A........
3.00
3.00
10
3.00
Apr
3.50
Jan
Int
234c
500
23<c
Apr
4c
Jan
1.03
Apr
2.68
International Nickel...
International Petroleum..*
•
1,100
33c
3,230
2.31
2.70
Feb
19,600
1,050
1,220
2 34 c
Feb
5c
F"eb
14c
Mar
20c
Jan
Apr
2834
Jau
2534
193
•Y
15
1,329
24
193
934
400
934
24c
1,500
20c
Apr
Mar
Mar
Apr
6
Mar
112
3034
3034
12
1134
Jan
5c
15c
734
934
634
Mill/preferred.....100
55c
2.45
.
20c
734
J.
234c
10 4
1.74
675
100
3,040
',)?>■ A--5
70
130
9c
18
•7)4
60
Vermilata....
73c
73c
3.15
3.25
7c
Jan
76
Feb
Mar
Apr
Mar
24
Mar
Jan
13c
Jau
10H
Mar
36
3)4
Jan
434
Apr
2 4
Mar
68:
Mar
1.24
838
3.15
Mar
3.70
Jan
•500
7c
.1
Jan
106
4,200
76c
3.20
,31
534C
Jai
11c
Feb
4.00
Mar
4.80
Jan
6,335
434
3?4
3*4
'.'."'a
-
9c
455
3
:
Mar
Feb
99
70
800
14
754
V
.
Jan
"
Waite-Amulet
4.15
.......*
42
4.15
100
85c
10
203
42)4
1034
42
—..
244
75c
Mar
1.15
Jan
5
0*4
Mar
8
Feb
1,715
1.90
Mar
75c
C "6
6
40
-
Mar
Feb
90
50
Jan
Jau
1134
8
634
100
1.95
*
1.95
2.00
2.90
Jan
Bonds—
War Loan 1st—
Toronto Stock
April
4
to
April
both
10,
10134
101)4 10134
10134
Apr
10134
Apr
Exchange—Ourb Section
inclusive,
compiled
official^ sales lists
from
734
Sales
Friday
Last
Sale
Par
Stocks-
Price
;
Week's Range
Range Since Jan.
for
1
Week
of Prices
Low
High
High
Low
Shares
Jan
Mar
58
75
2.38
Jan
Jan
3.85
Jan
1.25
34
Apr
34o Mar
32
8.00
334c
41c
24c
Jan
Apr
Mar
123
3
Jan
734c
-i
"7.50
434c
Apr
Mar
334
13X
25
'
34
Jan
Apr
Mar
Apr
2.33
3.00
Mar
Feb
8
63
134
40e
*
134c. [Mar
Jan
77
A pr
3 4
234
7.50
100
...
Apr
634
4 34 c
75
5
100
Jan
7334
240
2
134
234
Jan
10c
High good.
H.illiuger.......
Home Oil..:
50c
57
9c
Jan
7434
20
1534
3
500
Mar
1,500
6
Apr
3,600
13,500
41
'
4c
Halcrow Swa
2c
73c
Q-
1434
Hamilton Bridge.:.;
Hamilton Theat pref.. 100
Hard Rock.;
10
36
4034
*
.
Mar
245
2c
2c
35
434
63
lie
934c
.
...
Preferred.
72
Mar .1634
Feb
Apr 4234c; Jan;
20
534
6
10c 1034c
11c
1
Jin
21 e i
600
280
634
6534
72
72
10c
Goldale
21c
,
5%- preferred:.!:.100
Jin
6'
1534
21c
v
'
5 34
Jan
3
Jan
Feb
11
Jan
254 ;
Gatiheau Fower
••:!
Jan
7c
Jin
10
Apr
Apr
234c
254
75
334
Jan
Jan
2.87
Apr
70
Ventures.......
A3c
Fanny Farmer
1
Fed Kir.t._.I...... 1
c
Upper Can
Jan
lc
40c
100
United Steel
Apr
2.87
Fleet A Ireraft.
Mar
3*4
12
JaR
_.
7
East
Jan
92
*
:
Feb
18
Apr
.v.
Jan
50c
10
Jan
34 c
Jan
25
V B
2434
49c
Apr
Apr
100
40c
9
Walkers.........—.....•*
Woollens pref 20
Apr
1334
35
Apr
l*.
16<4
Mar
934
61
Winnipeg Electric A
*
; Preferred....—fc.::: 100
Dominion Stores..
:
c
25
10
5)34
734
Mar
Jan
Jan
Jan
75
1734
1834
39,550
....50
Un F'uel A..:.
Jan
1.68
Union Gas.:......
6 34
17
Jan
Feb
2 34 c
6H
8934
Jan
3Be
■
1,000
40c
.1
434
1734
....
1735
191
75
71
;•
2,150
Jan
Jan
53c
.1
5,600
Apr
Jan
97c
0.00
•
1.25
—
434c
55c
7634
lc
6
155
6
75
Toronto Gen Tr...___.100
Mar
17c
Feb
Apr
Apr
Apr
1.35
—
Jan
Mar
Jan
72c
1.53
...
Feb
.134
2.05
4.50
11c
45c
21
Feb
150
lc
17 34 c
182
Jan
Feb
300
—
Apr
14
1.35
3834
75c
334
.....*
Mar
885
Jau
4c
Apr
37
4.75
1354
34c
50
94c
Feb
155
Apr
72c
*
13c
12 34
2c
4.50
...
1,300
2154
Mar
.
1,000
13,500
594
Stand Radio
2,200
185
2)4c
5
40c
13c
184
1,000
37
10
Stand Pav.......
31c
2134
1134
G34
18
Mar
147 34
1
2c
Apr
Mar
Apr
2c
17*4
500
1.50
134c
4c
184
Jan
17c
*
13c
•
Feb
:3/34c 3734c
,19c
185<c
Tamblyn..
Teck-Hughes
.1
Tip Top Tailors pref...100
1
Jan
44
434-
15c
...1
34c
13c
•57c
Mar
K
3,20
76
Slave Lake.
Feb
Jan
....
Apr
334
Mar
Siscoe Gold.........:...1
Sladen-Malartlc
Mar
2934
100
40c
Mar
40c
10
954c
.100
Jan
12c
55
31
3
5,200
4
72c
Sturgeon R
ii8;
100
40c
6
Apr
Mar
10
Jan
1.45
1
.....
56c
Mar
10
75c
98
1.64
1
1034
?!
Mar
Mar
334
37
........
1034
Coos B tks
9834
«2c
21
89c
150
Sigma.
Silverwoods preferred
Straw Lake....
.
Apr
500
57c
4.75
Senator Rouyn
Jan
Feb
^Jan
:jtml
y
Jai
4,050
.....1
1.72
■
0c
100
Jan
1.95
100
Stan Ch...
Chem Res.: I..—r: :*:-l
11
Jan
'
Mar
Apr
56c
Jan
Feb
1434
Jan
734
28c
534
2634
Mar
3c
25
8
534
1.05
,:■•
Mar
Mar
220
8
-
2134
25
98
2c
50
Apr
200
10
10
334c
»;io
22
123
56c
20c
1.93
■
235
234c
30c
'
Mar
734
Apr
150
1,175
1.53
Mar
'■:AA
1.82
Royal Bank of Canada. 100
5>4
,1.05
3.40
1.93
Mar
22
Mar
1.82
11
1.00
100
2Hc
Riverside Silk,
*
Roche L L.............1
M
02c
u
.....
Wood Cadillac Mines
Jan
123
■~28e
3.40
l
Jtn
6
434
*434
2.400
300
75c
9 34
'
8
95
Jan
Apr
-5,
23c
1
434
Feb
54c
Reno Gold
934 Apr
5 ..Mar
32c
76c
Jan
Jan
1,000
36c 3734C
22
634
42c
52c
6
Apr
220
•;
15c
Queenston.
Mar
290
Jan
17c
Fet)
Apr
Feb
434
24 34
T:
1.42
30 34
1634
5%
''
Jan
2c
1.85
—1
1,693
Mar
37c
Preston East Dome
934
1.31
53c
Feb
83-4
9*{c
J
154
Apr
Mar
20c
Apr
Mar
Apr
1834
12
4
*
100
,
16^4
Jaq
>■ Apr
4
1.35
1434
334
39c
Pr Metals ..............1
Feb
12c
5
7,100
140
57c
Apr
Corp
Jan
Feb
134c
2,000
1.10
98
08
3
Jan
Jan
*'56c
Pr.fe.re l..„
100
50
1
Tower
---100
....
50c
100
Sullivan Cons Mines..... 1
P Rico preferred-!
Powell Ron.
3
400
4
134c
14c
5
St Anthony
100
1.80
......
Jan
Feb
8
5
24
2c
•
Jan
57
2334
1.45
20c
......
Kerr Addlso l............
2934
235
5
6
:..20
Apr
434
3 He
1.72
51
1.00
Jan
1.49
1.72
1.51
2434
28
A or
11
*
Apr
130
lie
5
145
2934
Feb
!
134c
13c
51
270
c
Jan
.... ....
-
25
40c
....
Jollet-Quebec Mines..._.l
19^a
E'g
Pioneer..
100
Jan
"
42c
25
04
r '"38c
Apr
Pickle-Crow
J at)
50c
1.45
!,
5034
OndnBank of CoromerceltlO
Gypsum.:
Eldorado Gold Mines:... 1
61
Ptioto
Jan
»4
2334
500
30c
6
55
5034
Mar
1.10
Mar
Mines—
12
Jan
126
Feb
Mar
Apr
M..i
534
2534
10c
434
14c
50c
Feb
*6
30c
87
Feb
581
Jan
24c
....*
.
2334
• Mar
•8434
15
12
Apr
120
492
0%
2634
Ap
50
Perron
2
.
26
Mar
23c
3,500
■'A
Inv::'.'.--:'.-.:i
534
1134
Allermac Copper Corp..*
12
Feb
Mar
75
"
60 c
,2034
60
..*
37 34
*33
55c
534c
434
i
1,405
Apr
1834
Dome Mines Ltd.,...
Peoples Credit Sec.
68c
Mar
1834
East Malartlc Mines.....1
Paymaster
Steep Rock
15
44
44
..:
Feb
Feb
Apr
35
V 35
Jai
2,550
2,300
234c
134c
Feb
22.4
10234 103
prefer red... 100
46
102
Ayr
9634
10
0634
90 c
59c
434
Partanen Mai
60
!
37
9634
Apr
24c
234c
Pandora Cad—.
27e
Southern Canada Power—
Walker-G & Worts
Jan
Preferred.
.50
Doininion .^teelcl B.....'25
156
;
Jan
18c
Dom Scot
6
4
1,20
Apr
35
Feb
Feb
4-34
1
Apr
11c
1,000
Jan
50c
6,500
834c
He 166,100
434
Apr
11
44
95 c
2.000
v
Apr
v •
Jan
25c
■
203
4
Mar
'
234c
500
Jan
175
*
20c
Jan
35
Ottawa Car...
Lomfuion Foundry.
350
A
Apr
68c
2.00
Jan
4c
80c
Apr
20c
Apr
•;-v 26
74
74
.
Ptemler...........-:...l
or. 1 a Wu-es:
God's Lake..
74
8
O'Brien Gold---.-----—1
Stedman..
25
68c
Jan
M&r
.
'A
Apr
Apr
Feb
Steel Can.
13
i4
50c
Apr
Apr
Jan
20)4
<
18c
650
7
1.75
Mar
Apr
22 34
1,000
50c
61c
310
Dome Mines.
Mar
...
18c
6O0
Jan
Apr
'5c
Mar
««e
29
500
Dominion Bank.:..:.. 100
Mar
52
Mar
18c f
Jan
Mar
33
6lc
.
23c
Mar
3'4c
Apr
3454
Mar
4:
50e
Jan
••'
12c
41c
Mar
4,700
2634
5034
*
25
135
Apr
Apr
675
Mar
40c
434
51
_....
12,700
15c
Mar
4?4
Apr
f
1,000
1,000
1,200
36c
85,525
37c
Mar
,
Jan
45
20)jf Mar
135
434c
4
13
62c
55c
25
10
68e
'North Can..-...:..:....*
North Star,.:
634
io
;
3i4c
3}4c
Feb
,
3/Mar
100
"
434
!• 1.75
2034
_......
Mar
4
43 «4
26
51
Denlson:.......:
Apr
Jan
Mar
28c
Jan
Ge
6% 1st cum pref..!..100
Jan
1.50
Mar
40
45
434c
18
634
^...
140
Feb
42'/i
Jan
2034
.k:
3
Apr
125
25
1834
51
..
Mar
2934 ;•>••:: 15
637
J..:...*
Delnitc:
2,800
135
1334
Canadian Bakeries pref 100
Jan
26c
40
28
34 34
iv:V„*
350
'
"434 Y'*'
1334
122
100
2
100
2334 c
75
3
103
Jan
35
Consolidated Smelting...5
Feb
Jan
Mar
82
ConsumersGxs.
4534
Jan
834
9634
-Crow's; Nest' Coal. ..:. 100
Mar
Jan
9 30
122
Com Pete
37
10c
Ja"
Mar
Can PetMofE.!1:.103
Canada Steamship Lines-
1
278
Jan
Mar
Feb
34 34
....
Jan
Mar
-
8c
635
82
25
4
500
7.00
lie
Cariboo. £■*
Apr
'834c
560
3434
_*
Mar
1.04
45 J
05c
Canadian Malartic—
3
83
4 54C
7%
Can Packers:... ......*
Preferred...
15
35
Apr
11)40
Pacalta Oils:
i. v..:. *
'■
Jan
Jaq
12)4
Apr
1134c
42'4
1
Jail
Power Corp of Canada—
Provi icial Transport Co.*
Quebec Tel & Pow
Norgold—
8
50
Feb
34
4c
25
Normetal...
13
Malting--.:::.-*
1034
3
65c
29-34
.....*
Apr
37
11
1434- 1434
Feb
40 c
.*
535
:
Apr
1,400
7.55
....1
Canada Cement pref
Jail
234
4,600
135
1
3234c
Mat
56 34
70c
25
634
tH
11
10)4
Nordon Oil:
0c
2c
2.15
Feb
434c
734
26
Build Prod.....
Ford
pref.
Apr
Jan
Apr
Mar
49
925
39 !4
135
.....t
Mar
25
v.
i,
Feb
Mar
5
-10
3
434
23*4
Mar
10
.
3
6j
-
84
40
*
Feb
lac
134c
"1.25
3,000
•:.
•
234
1134
25c
40
20
—
46c
1234
Apr
35
150
,-V
20J4: 2034
'
134c
50 34
7.59
Burlington Steel.".::
-
Feb
75
Jan
'"
Trufjt...100
95c
Oil—
6% cum preferred...100
Ma b Leaf pref.....:..,
Ma'-sey Harris
r
2034
MacLaren Pow & Paper..*
McColl Frontenac
22
-
•Loblaw Groceterias A...
i
50
1 -referred
Noranda
1.75
-
4%
7 34
i
Brown Oil.
-:
Mar
1334
BrazilTraction...
-
334
4
'
Jan
1434
339
1034
35
\
Nat Steel Car
Nat
7
8,000
15c
Discdlers Seagrams.
1.50
.
820
:
Jan
Jab
6 'A
161
Apr
,
2 34
40
10 V
Apr
10c
Apr
2,050
8e
15c
.7.50
Bralorne..j
Davics Petroleum.
Jan
234
1
234
110
2%
15c
S-
Cub Aircraft..
Jan
2.75
100
*
com
7
20
8c
Bonetal....
Jan
2.22
Mar
65c
25c
Mar
22
-735
:
151
Mar
100
Apr
Mar
50
1
4c
Moore Corp.. :..u-.-...*
National Grocers
2,100
Feb
7*1.16
:!, 100
Jan
Jan
2,235
ill;
Mar
35C
,10
"25
1534
35
:L 35
600 A
2
15
-Y
54
24
:v:>: 7
2334
334
3
2
1534
Goodyear T & R of Can..*
Inter-City Baki g Co.,. 100
/ id
2334
•
2
Ford Motor of Can Ltd A.*
15
1,337
35c .40c
10
110
Feb
434c
V
52c
•7%
,/j3V;V-
Mar
12)4
23 -•21
v
554
234
'24
35c
Ltd:
DomOil.loth&Linoleum *
5%
Feb
634
25
.
ireb
102
04c
634
Jan
Mar
5H
■24
David & l-'rercLlmtce A. .*
Fraser Cos
Jan
12)4
8
1.08
:'85;-:;;
Apr
*28
23
l Alcohol pref.5
Donna/oils
Ill
10
35
12J4
ivi ar
Mar
46c
Jaa
■<:
6
.
Feb
j
60
143
4,300
Ft*b
634 c
Mar
Jan
14 Mi
0
Jan
t-6,852
1.75
31
65c
Merc Mills new.........*
Mex L & P...
.....*
Moneta
1
Jan
934c
Cocksnutt plow.!::
2034
1.42
-
834c
Cochenour Will...--. —.1
v
'onsol Paper Corp Ltd... *
Cub Aircraft Corp
9
29
147
255
Mar
634
89
:•
-
7 -:
'A-t
Coniaurura:!*
78 34' Apr
15
6
orefeneri.:.100
cum
Commerci
i
"i Y" 10
9
111
Feb
Chestervil.e. A
Jan
Jan
...... .1
Jan
15
Mar
20
■
Canadian Lt & Pow Co. 100
Oanaalan \ickere—
-
-.9 v;
111
Canadian Breweries j ref..*
Canadian Industries B.:_*
78 34
7834
.,
7% preferred.......100
274
Nay bob j.
7
F referi ed. .u...
Jan
1.68
5154c
83
McKonzle-Red Lake.....l
McVittle.....
McWatters..
2 34c
'
168
i
14534
•
■A 5
534c
20
-
110
110
"115
Blltmore.
B.......
2.85
Mar
234
1034
234
1034
Mclntyre-J orcuplne..'...6
Jan
634c
Jau
14,000
1,000
3c
66c
6 34
110
Jan
Feb
48
634
"
634 c
Jan
Mar
3
188
228
1,500
1434
Apr
"
.100
Apr
*
734c
U
Apr
95
Mar
1.55 •1.55
McColl
Mar
269
Jan
05
Mar
30
5034
..20
new
Mar
10
-
6c
Mar
2 34 c
18:34
29
272
235
4
23 34
19
1.75
"l*35
.......
Jan
Canada Northern Powerr-
fan
Mar
Feb
: 174
Mar
>1334
18
-•
27
16 34C
53-4-
Feb
4)4
.
'•
>
8
500
;
Jan
2634
1.33
1
.....1
94
'
Brew & 11M of Vancouver 5
A pr
i
Feb
Mar
204
1.15
8I4
134 c
Mar
Do
2,000
52c
1.35
2.07
Preferred............
Maralgo...
Masscy-Hujris.
v referred:.:.::ioo
21
4c
Jan
Feb
Mar
1,450
Jau
25
4,100
534c
934
c
,2,500
7,900
Maple Leaf Milling.. ._..*
825
Mar
49c
Jan
'
Feb
134
45c
12c
Jan
Jan
1.15 -1.25
Mar
7c
14M
Canadian Pacific Ry
60"
2.25 v2
1-.15
10c
9
10 34
95c
3834
6
2.25
1,700
10c
Jan
12
Jan
9
85
....1
lie
22
.
........1
McL-Cdckshutt..
MadsenRed Lake.';
Castle Treth:.:ii-i1
High A,
Low..
•',825
10134 103
9S4
Can & Dom 8ugar Co
65c
534
Aluminium Ltd........
Range Since Jan. 1
Shares
ooc
prefer red.. *100
cum
High
Mar
Malartlc G F—
272
Canadian Loc<ilnotive...-*
for.
Ablttbi Tow & Paper Co..*
75c
Jan
4c
Cndnind. 1 ohoicl Ar..."
Week's Range
95
Jan
534 c
-
Canadian Dredge...
Last
95
10c
18234 18234
.
lists
sales
19
21
1914
7
534c
Preferred^
Sales
Frld'vj
Jan
Preferred..,
.1st preicrred. ...:.. 100
Beu i'eie.V'Oiie.nJi
-
compiled
2034
Mar
Jau
Canadian Cflaneje:.....*
inclusive,
2034
Mar
Feb
182
310
5c
1.47
.Bidgoodl K..::......... l
Montreal Curb Market
both
4
Jan
-
Apr
145
900
34
8
10,
565
Mar
Preferred...
03
101
2,850
95c
1,000
Canadian Car...........*
April
55c
1,100
Jan
High
05c
B -thuist Power A,:.!;,
Canada
45c
05o
Loews M preferred ....IOO
Low
2,000
-.
834
43e
19
1.03
Calgary & Edmonton....*
Apr
Apr
*
ClassB..-
r
1.00
Toronto.::.:
100
!..:.
Base M CtJs::!
j
Lac...!....*
g
Y.oo
...
A.:
to
Range Since Jan. 1
834
45c
05c
i
I.o
Loblaw Groccl A.
30
; 6c
'
4
preferred.....:.25
l>eitch
I
-
■Bagamac..1
Bank field.„t'_... 1
Canadian Can.
April
lists
sales
Preferred
Canada Wire A
Montreal.....
Legare
Apr
Calmont. ->1
Canada Bread B... ^
50
ill34> Jan
Jan
30
■
24 H
Commerce.. J, v.... ^..100
Mar
Mar
2c
Jan
1334
Apr
Jan
Feb
Jan
j!
Canadien ie.—...
Apr
63-4
4
1,000
Jan
34
68
•
;. Feb
80C
-,
63
66Mar
:
.
7.10
2c
Jan
034
:.'58.> 5lar
67
Jan
60
2c
Britisn American Oil.
'...'•Jad
1*
9
,
Feb
62c
; New.i..:
Brit Dom -OiK-V--:
Broulan...........
Jan
14
Feb
:
Mar
2,445
Jan
Burfaio AnKerite:
Feb
Vt
•
43
Apr
fioo
60
Y Preferred.-v.
/
12H
70
-22
Jan
•?
35
453
.500
.lan
Jan
•
1534
Apr
>2 a
22
-
175
4
^..: .-25
Mar
737 :
13 %
,
Jan
A Mar
0
*
*
04
108
J9
■:
|
Jan
Fett
Jan
23
67-
Too'.fe Brothers pref J.. 100
••
Apr -ill
Feb '70
Jan
-
2,520
H
9c
,
Mar
,.;.I 25
(0
.25
Banks—
Apr
Jan
18
00
206
T-
13 H : > 13 K
*;tV4
.Steel Co of Canada-
Corp—5.
Winnipeg Electric A."
M.if
13
145
37-
'
o
teei
;.
434
334
Jan
,105
25
•
-35
9
Preferred...
124
Mar
Apr
360
■
13
r2535
Sitnon k Sons (H)
Souti ern Can. ower.
Iinlted
1-40
1:30
t
preflOO
Shawintgan W & Power..*
"•
1114
{0
106
St Lawrence Uorp......-*
at Lawrence lajier
Apr
■15H
■>
123
'
00
106
Saguena'y Power pref..1C0
.10
150
18'
-
Feb
7 34
9
Bear Expl—
•
4.35
7.00
''2.65
Beattie Gold *..i
Beatty A
*
.
Mar
34
Jan
Jan
H4-
2.93
7 34
Apr
Feb
68
4,395
7.25
Mar
Feb
-'Jan
<••
Jan
3-.50
7.35
1.75
5
10
.
2934c
]
334c
13< c
•48
:
Mar
I.cbol Oro..
100
Apr
Mar
15c
I.a"ra Record
15,500
Jan
f[ 3
710
•
.
13
13
Recent K .ittlig pref.:. 25
lie Hand ;Paver pref. ...100
St Lawrence Fl.iur Mills
: 16
3,000
i
1.75
Blue Ribbon.-....:.
Quebec Fewer..:
v
8W
.70 *
•
-
Mar
18c
48c
434 c
4
•V
sv
.3 ,121 i
Apr
V'--. 50
.A^-Apr
121;
4%
4*4
W&U
3
'
Prlte Brr s A Go Ltd.'.!
13%
50
18c
48c
4c
'"47 Yi
10
*
5 >
41 ]4
12i
<
Power Corp of Canada.
10
100
13 %
5
20c
48c
834
Bank of Montreal.-.., 100
Apr
Mar
1
; i .75
Bank of Nova Scotia.100
10 V
8c
3.25
4e
;* Jan
155";^, Jjtfi
Feb
151
1,000
.....1
834
""
Jan
High
814c
3.25
1.75
22
1
'•120
10
-
13X
.Preferred....:
.
:
"'47 H
Rcnmans :y ,i: !>: j; -!&'•
.32
151'.
151
OntfarlbPtdel Products..:*
r.;: 30
20%
Feb
Low
8'<c
Kerr-Addlaon..
.1
! ::;i ':i
Arntfield^.
Ashley:i :. 14 :
52
-
*
...Jan
Range Since Jan. 1
Shares
High
Feb
Mar
3034' Jan
Mar
.16-
"
42
24 4
335
fr
204
"1«
Niagara Wire Weaving...*
Noraiida Mines Ltd.....*
Jan
26
180
210
24*4
official
Shares
6
22
Anglo Huroplan:::.
21
■
Low
ioc;
Algoma Steel.:.-.-'.::.
20
Apr
Price
Par
6c
934c
40
1.30
Week
Jason Mines.
Feb
v
5c
Week
514
,
1
......
3,28/
38
from
for
High
55c
f
6c
1.50
25
compiled
of Prices
Price
Aidermac.;
Jan
-
Preferred.-.:-..
4 34c
Week's Range
...100
21 H
21
A5'"<- *5'.;
2 V"
for
of Prices
834c
M aoassa.
Jan
2 !4
Si&tfjinrr?;
.114
National Breweries.....
2.70
Jan
Sales
Sale
;
t06
1.50
22c
Apr
2c
Jao
•"•
100
21H
21
Apr
2.30
Friday
Mar
1(M>
'2\%
12c
1,840
5,000
inclusive,
Jan
Jan
9
:
7%
c. 50
...
Cons.*
ower
00
2.42
4;
A P Grain preferred... 100
Montreal Telegraph!.. .40
Montreal Tramways...100
12c
2.40
2.40
Little
17
M
Stocks (Continued)
High
Toronto Stock Exchange
;
: :
't-fr-KO
v
Low
Jail
28
Apr
Shares
Week's Range
Sale
Lake Shore
Jail
Jan
87
2)4
ioo
Lake of the Woods. __:„.*
11
Last
—
*
Jan
>
100
87
Jamaica Public Serv Ltd.*
314
10*4
Mar
*
33ii
Feb
Mar
,'lYi
2 34
High
Range Since Jan. 1
Kirklatid Lake.
87
,12
100
Mar
2*4
7-77
114
30 a
?2
imi'zu
Low
Price
Feb
-
840
0%
'
Week
Homcstea<l OH & Gas Ltd.. 1
,
Power..... *
-:
Jan
02
24
-6.75
V 617
,;i'?
for
o] Prices
J.ick Waltp,.
Apr
07
..-M
IFeefc's Range
V
Feb
00
.
11
Int Nickel of Canada....*
inter Fete Co Ltd.
I ntcrnat
;
,v
'
11
6 34' ' 8 34
Bronze....*
■A Prefen e 1..
:
74
9)4
Preferred t;... 1..... £1
Inter lailo it.l
100,
Jan
Oils
Par
V*
60
H'AlM
Jan
6
72 34
6 34
Mar
40
220
•
Feb
•.
(Continuedy
5
.
265
8
8-
'f:
High
Mines
87
:.J60
• ■
r
Dalhoesle Oil
Home Oil Co Ltd.
13f
3.
•3
Preferred........—100
Hudson Bay Mining
5
67
!vV 40
.'.••"25
,3
11
>
20
40'-
40
HamJltoil BHdgc..
Hollhger Gold Mines:..'.6
Howard Smith Paper....*
7"0
5)4
87.fr-: 88
Goodyear T H>f i ac 1027..50
Gypsum i iire <fc A1 .bas..*
:
^
65 *'
5)4
5%
88
•
Sales
Friday
Last
Sale
Low
Shares
"-584
05
—*
1:1100
...
High
Sales
Friday
Range for Year 1041
for
Week
of Prices
Low
Price
204
934
Jan
Jan
30c
Jan
7?4
Jan
11234
52
11134
Feb
3154
12
990
3034
Mar
3634
Jan
650
1134
Mar
1334
Feb
115
Canada Bud Brewing—..*
Canadian Marcoil—
Jan
234
Mar
4
5
Apr
5
05
6
Apr
734
Jau
60c
Mar
c
100
254
1,305
5
234
50c
M ar
254
Mar
Jan
v.
354
Apr
Jan
100
Corrugated Box pref
DeHavllland pref.
■
3
.-50
6)4
v.
55c
1
Consolidated Paper.....
5
5
5
6
—.
—
63
63
63
10
50
Mar
65
Apr
100
80
80
80
30
75
Jan
80
Mar
60
24
Mar
2254
Feb
1034
10 34
35
1334
21
2154
375
Oil Selection...
234 c
234 c
500
13)4
134c
Apr
Mar
Jan
Ontario Stlknlt pref.... 100
33
33
10
10
%C
1.25
54 c
500
34c
Mar
54c
1.30
750
1.20
Mar
1.75
Jan
19
10
19
Apr
2334- 2334
Domi -lion Bridge........ *
Fraser vot trust
_.:.....
21
Monarch Power
Script
...
Pawnee-Kirkland
1
Pend-Orlelle
1
Supertestordi iary
Jan
1234
4
4
*
Beath claes A
Canada \ 1 negars
*
No par value,
19
*
a
Odd lot sales,
;
.
15
30
15
10
10
19
1034
2334
3c
Apr
Jan
Feb
Apr
33
Apr
Apr
10
Apr
Apr
Jan
c Admitted to un¬
the National Bona
pall on the com¬
Canadian market, i Cash sale
not
v Ex-rights,
l Listed,
t In default.
b Ex-stock dividend,
listed trading privileges,
d Deferred delivery,
e Formerly
A lavestma it Co
/ A liquid at! v? divldga 1 of SIS i^hare
mon
stock of the Naboo
Liquidating Co.
included In range tor year,
x
Ex-dlvldend.
t
aQn Feb. 28,1942, the Northern Illinois Finance Corp
Northern Illinois Corporation,
;
'
:
'
changel Its name to the
THE COMMERCIAL & FINANCIAL CHRONICLE
1496
Monday, April 13, 1942
OVE R-THE-COUNTER SECU R1TIES
Quotations for Friday, April 10
Bid
Par
Investing Companies
♦Series A
Bid'
Par
Ask
Ask
6.27
1.78
1.95
Income Fouudatlon
12%
2.32
13%
......----10c T9.1f
10.05
investing
4%
15.83
Aviation Group shares..
Assoc Stand Oil Shares..
„
11.80
Incorporated Investors..5
Aviation Capital Inc—.
14.5F
Axe-Houghton Fund Inc.
9.21
1.51
1
11.76
33c
57c
65c
Union Bond Fund ser B—.
15.02
16.42
5.38
5.88
Series C-—
59c
66C
Bank Group shares...
Insurance Group shares,
91c
♦Blair A Co.—........1
♦First Boston Corp....10
7.90
Series B-l
26.63
29.18
107% 111%
3%
Aetna Cas & Surety
10
Series B-2.
21.31
23.42
Aetna
10
45
47
11.86
Series B-3
14.76
16.21
Aetna Life
10
23%
Broad St
18.05
Series B-4__
7.37
8.11
24%
66%
10.20
11.18
2.55
—
Home......
Ltd. .1
20.62
Century Shares Trust...*
7.63
Chemical Fund.———--1
Christiana Securities. .100 1810
Preferred
——100 135
3.03
Commonwealtn Invest...1
25%
Consol Investment Trust. 1
1.64
Corporate Trust Shares.. 1
1.55
Series AA.——
--1
1.55
Accumulative series—1
1.89
Series AA mod
1
1.89
Series ACC mod
1
♦
22
Cram & Forster com.. 10
♦8% preferred
-.100 118%
Canadian Inv Fund
22.17
Cram A Forster Insurance
♦Common B shares. -. 10
Lincoln Fire...*..
10
7.07
7.80
6%
Maryland Casualty
.1
Mass Bonding A Ins.. 12%
10
11%
7%
12%
38
40
10%
11%
43%
10
31%
45%
33%
2.52
2.80
American of Newark...2%
65.37
66.70
American Re-Insurance .10
26.75
27.30
American Reserve..—..10
Manhattan Bond
Automobile
Fund Inc oommon__10c
,
-J*
r.
7.50
Baltimore American...2%
2.90
3.60
80
516
536
Mass Investors 2d Fund.l
0.74
7.25
25
Boston...........w...100
Camden Fire
5
77
15.34
7.00
7.65
Carolina
10
24
North River
-
6.81
24
84c
94c
National Investors Corp.l
4.17
4.51
National Security Series—
Bond series
5.87
6.46
,
14.83
2.50
3.70
4.25
25c
87c
96c
Howard—",,,
Fund.—1
14.79
15.71
1
8.51
9.04
10
3.81
Fidelity <fc Dep of Md—20
5.33
Fire Assn of Pblla
5.90
Fireman's Fd of San Fr.25
9.28
10.01
5.99
6.60
.1
10
24%
36%
Revere (Paul) Fire
34%
21%
24
18
19%
4.04
Gibraltar Fire & Marlne.10
9.34
Glens Falls Fire—......5
6.22
Globe & Republic..
4.62
7%
7%
Globe & Rutgers Fire... 15
Seaboard Surety
8.10
8.91
21%
23%
Sun Lire Assurance..v. 100
Machinery
6.73
7.41
Halifax...
10
11
Travelers
348
5.91
6.51
Hanover... —.—.10
20%
21%
U S Fidelity & Guar Co„2
5.86
6.45
Hartford Fire
73%
76%
U S Fire
2:99
3.31
Hartford Steam Boiler. .10
43
46
U S Guarantee
10
6.52
Railroad
Foundation Trust Shs A„1
2.50
*2.95
Fundamental Invest Inc.2
Fundamental Trust
13.18
14.44
Railroad equipment
Steel.-
-
Oils, i
........
Metals.
Fixed Trust Shares A
...
-
-
ivU-'-
...
4.59
5.06
5.10
No Amer Bond Trust ctfo.
2
Stores A...
i
j
3.59
4.01
..1
Plymouth Fund Inc... 10c
Putnam
(Geo) Fund—.1
3.02
3.34
5.49
6.04
Quarterly fnc Shares.. 10c
Republic Invest- Fund—.-t
4.40
—_
,4.46
6.01
4.15
6.61
v
.
Fowl shares...
General Bond.....
Merchandise shares
,
71.88
6.47
7.06
Brooklyq.
Central Hanover.;
10
Bankers
3.39
5.67
6.24
Sovereign Investors..—.1
4.81
5.35
3.82
Spencer Trask Fund .....*
10.52
11.19
4.70
Standard Utilities Inc.50c
9c
11c
56.61
Petroleum shares.
3.49
3.85
♦State St Invest Corp...*
52.21
Railroad shares.......
2.68
2.96
Super Corp of Amer AA..1
2.74
3.03
3.77
4
Tobacco shares
2.72
3 01
♦SeriesC.. ———1
2.24
•Series D
Utility shares.....
2.021
Bronx
"• 254
244
No par value. *. * { These biuJa are subject to all Federal taxes
Sought By WPB
-
Mineral
and
-
Irving
in
the
;
price
situation
in
its
20
59%
62
32%
34%
38
41
60
....
9%
Corn Excnaage Bk A Tr.20
-
1.47
<
x
Preferred
ume; but allocation
metal for the current
of
of about
1,163,000,000 troy ounces^
of silver, or slightly more than have committed minor violations,
h5% of the Treasury's total stocks. largely through misunderstanding.
Use. of copper and copper base
The Government^ has started a
ordered stopped by
drive for all excess stocks of cop¬ alloy - was
-
out
Copper
obtain
to
all
Board
copper
in
March 30 in the
rect and indirect defense business
accounting
for the
f
bulk of
the
of
common
lead
the
Sales
manu¬
the
been
reached
for
the
consum¬
non-essentials, stocks
of
in
metal
instances
many
are
believed to be excessive and must
be
reduced
by
turning over the
surplus to the Metals Reserve Co.
or
other
governmental
buying
Even small holdings will
agents.
not
be
overlooked.
to
8,692
with
in the week previous.
tons,
6,745
tons
*
Quotations were maintained on
basis of 6.50c., New York,
which
was
also the
contract
set¬
tling basis of the American Smelt¬
ing & Refining Co., and at 6.35c.,
Chemical lead sold in
St. Louis.
amounted
a
little
more
During the
sheet,
than 27 tons,
seized by the Inventory and
4,092
tons. - The
backlog at the end of the week
was 96,539 toils."
Production of zinc (all grades)
during the first three months of
in> Washington
started
copper 1942 was 231,891 tons, Which com¬
moving in good volume during the pares with 198,065 tons in the
last week, which accounted for a
Jan.-March period of 1941, ac¬
sales total of 39,872 tons (April 1
cording
to the American Zinc
to' 7, inclusive). Sales booked by
Institute.^
• *
;■
*'
'
the
domestic
industry
during
Tin
March
totaled 87,002
tons (re¬
Additional facilities for produc¬
vised),
'
,
,
;
The
changed.
,
About
1,500 firms
j-Vlar. 15. 1946
101.1
Nat,Defense Nts
101.1
{Sept. 15, 1944
101,10
101.12
{Dec. 15, 1945
101.6
101.8
109.22
..
1
%%
1%
;• %%
..
..
109.24
1945
..
,
101.14
100.28
1(19.30
99.26
-
99.28
;-
%%
99.25
99.27
H%
-
99.15
99.17
C'tfsnf lndebt—.
:
-
..
y.
*
:.o.4t
{%s Nov 1 '42
quoted
are
for discount at purchase,
0.4i'
r.
Asked
Hid
Asked
May 27. 1942
0.30%
Jutie
0.30%
0.30%
15,1942...
0.25%
0.25 y,
0.25%
0.30%
June 16, 1942
June
17,1942
0.30%
0.30%
June
18. 1942..;.:
0.30%
0.30%
030%
June
19, 1942
0.30%
3,1942.
Juie
-----
10,1942.....
'
.May
6, 1942...
May 13. 1942...
May 20. 1942...
1020
..*.y
-
April
June
July;
higher
2^^-51000^52,0007.
52.000
52.000
April
3—-52.000
52.000
52.000
should raise prices here to
M&y:
52.000
52.000
52,000
52.000 ! 52.000
52.000
6—1.52,000
52.000
the
7—-.52.000
52.000
52.000
52.000
than
April
8
52.000
52.000
52.000
52.000
4
^-52,000
freight
3£M-$199.21.
April
April
April
The
marjtet'
eventually
$197.-
rate
^
undertone
appears ;
to
be
-
of
more
steady.*
Silver
y:i-52.000* 52.000
52.000 ;52.000
During the past week, the silver
Chinese tin, 99%, spot, 51.125c., market
in
London yrose
from
April 2d to April 8th, inclusive. |y 23 7/16d. (both spot and future)
on April 2 to 23V2d.
(both spot and
London Tin— No quotations;
future)
on
April 3. The New
)' Quicksilver
•"
■
York Official and the U. S. Treas¬
t
The market for
ury I prices
are
unchanged at
35ygc. and 35c. respectively,
f
quicksilver was
inactive
during the last week.
Some sellers have raised prices
moderately to take care of the re¬
cent 6% increase in the freight
rate.
Others, however, who have
metal
the
hand
or
rate
on
old
continue
The War Production Board has
completed
loan
per
to
for ?
arrangements
40,000
tons
of
a
Treasury
aluminum and other plants; : De¬
the agreement are not
available.
;'
-7
tails^: of
quote
flask.
of
silver to be used for bus bars in
in transit under
$197.05—$198.96
The
*
'%
,•
,
;
DAILY PRICES
OF
METALS
("E. & ,M. J."
Straits
-Electrolytic Copper
April
to
price situation was un¬ ing tin plate electrolytically were
Domestic ifietal sold on announced during the last week.
Requisitioning Branch of WPB. the basis of 12c., Valley, and for¬ The Tin Producers' Association,
Operations of 3,500 firms consum¬ eign copper brought ll%e., f.a.s. London, believes that essential
needs for tin will be met under
ing strategic metals have been United States ports.
the
program
adopted by the
surveyed for priorities violations
Lead
United Nations.
by the Compliance' Branch since
it was set up in June last year.
Straits quality tin for future de¬
Domestic lead was distributed
were
Asked
y;:;~
I
...
Domest., Refin.
■
3
4
•//■-j--W'
11.775
it'7
2 •
117775
11.775
&UH
Exp., Refin.
■
11.700
:
•
St. Louis
6.50
-
'
•" /
6.50
•
'
6.35
St. Louis
6.35
52.000
:
>
11.700
52.000
6.50
52.000 V
6.50
6.35
8.25
i
8.25
6.35
11.700
\
'
'
11.77s
7
,'
'
•v-
''
•
'
y?
r
11.775
■
'
J
8.25
8.25
-
':
*
11.700
.
6.50
52.0007,
11.700
52.000
11.700
52.000
■;
6.35
*
6.50
6.35
7 "
6.50
6.35
■
•
8.25
;
8.25
"J
r
Average
*
52.000
11.700
y* zm -y
Lead—
New York: New York
'
711.775
8
i
t
QUOTATIONS)
Tin,
11'775
8.25'
•
Average prices for calendar week ended April 4 are: Domestic
copper f.o.b. refinery, 11.775c.; export copper, f.o.b. refinery, 11.700c,;
Straits tin, 52.000c.; New York lead,
St. Louis zinc, 8.250c.; and
6.500c.; St. Louis lead, 6.350c.;
silver, 35425c.
.
last week two lots of copper
totaling
Mar. 15.
109.9
Apr. 22. 1942...
84
980
the
slide
sale of Bolivia's copper production,
ers classified as "frozen." v In view around 6,500 tons a year, to the
of fhe sharp curtailment in use Metals Reserve Co., Washington,
v
Allocation certificates released
of copper on
hhnds of fabricators and
101.7
103.31
•
Average
for
fasteners, hooks the St. Louis market at 8.40c.
/
eyes, brassiere hooks, snap
fasteners and grippers, and other ;• .y /jyyyyT .y;: Zinc • .yy:-yy-y:
garment
closures.
More
than
Sales
of
zinc by the Prime
8,000 tons of copper went into Western division for the week
such products during 1941.
ended April 4 totaled 8,056 tons,
) The Bolivian foreign office an¬ against
8,041 tons in; the week
is nounced April 7 that an agree¬ previous.
Shipments last week
had
Bid
101.10
1%
%%
1%
..
Apr. 29. 1942...
23
foreign
and
ment
101.5
100.6
1%%
..
Sept. 15. 1944
Treasury Bills-
3%
2%
month has April:
compares
War Production
101.1
..
Demand for lead
quite active, with di¬
amounted
.
I nl.
Rate
100.31
Hid
62
19
100
not yet started.
continues
which
of
y,;;^y
Maturity..
United Stales Treasury Bills
Apr.
Ex-dlvldend .
week
facture
26%
..20
50%
25 ,59%
United States.—
170
158
♦ Quotations aot furuhfaed by sponsor or Issuer,
issue of April 9 reported
has expanded to such sin
"free" market has turned
on
15, 1944
Rates
9%
40%
100
Donald M. Nelson, head of WPB, disclosed on April 7
has agreed to "loan" 40,000 tons of silver for use
in electrolytic plants as bus bars. - This
tonnage is the equivalent
WPB
7%i-yA-.*1 »vv /';•>
Asked
2%
1%%
%%
25%
28%
52%
22%
New York......
that the Treasury
in the hands of fabricators.
Lake Superior iron ore has been
placed under a price ceiling, ef¬
fective April 10, maintaining the
1941
schedule.
The
publication
further reported:
f
Ask
Manufacturers...—.20
quite strong.
per
15, 1943
195% 200%
10
10% Trade Bank A Trust
28%
53% Underwriters.......100
27%
50
Empire
Fulton
uses
the
15. 1942
Mar. 15, 1944
54%
8%
Silver Loaned By Treasury
Markets"
Dec.
9%
8%
1305
100 1255
Kings County.
50%
Colonial—....———25
1.57
*
-——.—100
—10
Guaranty
12%
9
....100
Chemical Bank A Trust. 10
Clinton....
Excessive Copper Stocks
that demand for silver for industrial
:
Bid
100.31
rfept. 15, 1942-..
31%
Sept; 15, 1943
Title Guarantee A Trust. 12
Trustee Stand Invest Shs—
1
i
105 %
"
Companies
34%
32%
—35
County
Continental Bank A Tr.10
Non-Ferrous Metals
70
Bid
1.63
RR Equipment shares.
Steel shares......
16
Int.
Hate
Malurlli/
42%
29%
Lawyers....
3.46
'
102%
J04 %
Figures after decimal point'represent one or mote 32d$ of a point
V
25%
10 ",67
Ask
2.81
4.26
.
Bank of New York.—.100
2.78
70.46
Selected Amer Shares—2%
Selected Income Shares.. 1
"
...
........ .
/
5.00
2.47
3.07
Electrical Equipment. .
106%
£106'-$%
Quotations For U* S; Treasury. Nol es
45%
June
Fund Inc..........—*
4.91
106%
104%
358
23%
40%
4
I
102%"T
102
,
33c
8cudder, Stevens & Clark
Aviation shares...
43%
100
Asked
102
11.06
~
Bid
,3,99
"
BuUmng stores.
Chemical shares
28c
10.34
25
Public Service 3%s, 1971.....
.
4.42:
Agricultural shares.
Automobile shares.....
.10
Westchester Fire.....2.50
1.37
3.8,7
Group Securities-
Accident
Stuyvcsant—„ .........5
New York Trust
Sterling Nat Bank.
Pennsylvania Electric 3%s, 1972
Schenley Distillers 4s, 1952;
Southern Natural Gas Pipe Line 3%s. 1955
WlsoonsiH Power A Light 3%s, 1971.........
Dec.
1.73
Series 1958.
General Investors Trust .1
..1
24.37
23%
145
JMar. 15. 1943
June 15, 1943..
1.77
Series 1956
2.96
22.66
21%
1010
135
.60
17%
—
Hid
1.45
Series 1955-—--..1
-*
Corp....*
'B-.'—
•K
%
:i'
25%
Peoples National—..
590
'
5.02
Home Fire Security _;..10
44
24
980
100
Central Illinois
37%
No Amer Tr Shares 1953.*
3.95
3.29
—.ID
40
560
105
Insurance stock...
■
\
100
2%
3%
175
205 :
2.58
The
101
10%
2.20
.16
.
37%
9%
Insurance
13
Penn Exchange
41%
35%
2d preferred.....—..15
10
I.
.——10
23 %
21%
145
w
4-
QsEotatioiis For Recent Bond Issues
9%
Great Amer Indemnity... 1
Great American.
.'.5
1.52
12
First National of N Y..100
<
8%
39%
10
Security New Haven
10
springfleld Fire A Mar..25
Standard
10
Merchants
J:
7.12
1.26
•
4
226
;
6.10
65
22%
-12%
Public National
22
3
218
6.47
series—10c
stk series. 10c
that
10
—2%
5.54
Bank stock
,
Fiscal Fund Inc—
extent
Rhode Island
Electrical equipment
5.25
"Metal
n%
Chemical
13.37
4.72
:
37%
8%
35%
5
20%
National Safety
Commercial National.. 100
36%
75%
13%
30%
5%
24%
%
St Paul Fire A Mariue .62 %
Seaboard Fire A Marlne.10
4.19
Building.supplies
12.43
Mining shares
4%
22%
20%
10
23%
5.65
Fund-5
:•
28%
9
50
National City........ 12 %
90
j
....
5
—.10
3.06
.
Bank stock....
15%
:
93%
45
f
Reinsurance Corp (N Y)_2
Republic (Texas)...
10
112
45
Ask
Bid
Par
42
Chase National...... 13.55
5%
101
96%
107
129%
84
120
Georgia Home
8.49
-
Aviation..,..-. .—-.-.ii
4%
80
Providence-Washington .10
38%
<
110%
;
National Bronx.——.50
13%
l
114
47%
7
36%
Bank of Yorktown.,66 2-3
Bensonhurst National.. .50
;
12.50
4*
7b
-
127%
Ask
12%
Fifth Avenue
42
Pacific Fire
25
Pacific Indemnity Co... 10
Phoenix...
10
Preferred Accident
..5
43
5%
5
Franklin Fire
14%
Firemen's of Newark
fi
Bid
Par
27%
National.25
Northwestern
General Reinsurance Corp 5
Agriculture
21.43
19%
%
40
109
108%
110
101.6
Bank of Manhattan Co. 10
13
21
Northeastern
5.32
New York Stocks Inc—
19.93
12
Northern.
4.84
-
40
29%
3.43
Automobile.
25%
24%
Low priced bond series..
New England Fund
2
5
18%
__
3s...1946
i
6%
48%
5%
6%
145% 150%
17%
18%
10
27%
Preferred stock series...
2.55
46%
2.50
22%
Federal
100.28 101
New York Bank Slocks
20%
..10
New Hampshire Fire
1
.
Other Issues
U S Coaverslo
U S Conversion 3s.-.1947
Panama Canal 3s—.^1961
45%
5%
18%
New York Fire
10
5
Eagle Fire
2%
Employers Re-Insurance 10
Excessv'..;---l.-;-ii.i-5
.
101.11
:
41%
18%
Connecticut Gen Life...10
2.35
52
26
20%
City of New York
(Colo) ser B shares...
(Md) voting shares..25c
49
New Brunswlok..—10
17%
.
.
1%% notes Feb. 1,1944 101.8
2%
10
New Amsterdam Cas
Continental Casualty
Natlon-Wide Securltles-
....
6%
5%
Bankers & Shippers
U 8 Housing Authority—
0.70
101.12
CallJuly3.'42at 101... 101.2
8%
3%
2%
1%
National Liberty..
.2
National Union Fire....20
14.27
Income series
Equitable Investment
Corp (Mass)
5
Equity Corp $3 conv pref .1
Fidelity Fund Inc. ...—*
National Casualty..
National Fire...
Maryland Fund Inc... 10c
-
7%
v_.fi
Merch Fire Assur com...5
Merch A Mfrs Fire N Y..4
Mutual Invest Fund Inc 10
;
-
13.72
Balanced
.
Mass Investors Trust—.. 1
w
3.IS
-
16%
American Surety.. —...25
27%
---1
Diversified Trustee Shares
C
1
Fund
19%
14%
8%
3.29
29%
112
♦7% preferred.—... 100
63%
17%
American Equitable
5
Am Fidel & Cas Co com..5
Loomis Sayles Mut Fund.
Loomls Sayles Sec Fund. 10
141
27%
Cumulative Trust Shares.*
American Alliance......10
12.35
10.43
Home
0.60
0.80
31
12.81
9.50
American
1, 1943 101.8
A nr.
—
0.70
1, 1943
16%
28
......
60%
11.20
25
26%
15%
59%
11.08
Series S-4
8.25
1910
_
24%
Corp—
100.3
1,1942
Call May 16/42 at 100%
Ins Co of North Amer..10
Series K-l.
Agricultural
1. 1942 100.1
Asked
1%
July
1,1942 100.11 100,16
*%%.— Oct. 15,1942 100.11 130.13
U%%— July 15, 1943 100.18 100.20
tl%/.—Apr. 15. 1944 100.6 100.8
.
100.1
■
Federal Natl Mtge Assn—
2s:.
May 16. 1943
Ask
Homestead Fire........10
Jersey Insurance of N Y.20
Knickerbocker.
5
Series S-2——
Series S-3
2.30 .7 2.90
15. 1942 100
Apr.
—
1%« Jan. 3, 1944-^
...5
Series K-2.
Bullock Fund Ltd—----
General Capital
Bid
100.9
•
28
Par
Bid
Reconstruction Finance
Federal Home Loan Banks
Keystone Custodian Funds
3%
3%
2%
16.7(1
First Mutual Trust
tl%%-—Feb. 15. 1945 100.7
%
t%s
Sept.
t%8..—Dec*%8—Feb.
Ask
Bid
Par
11.03
Stock Fund——
o
10.82
7.72
9.90
---5
Eaton &
43c
Companies
.10
Inc—,—--6
Invest Co Inc.. 5
Djvidend Shares.
28c
8
Asked
Commodity Credit Corp—
%%
May
1.1943 100.10 100.12
1.01
15.47
Insurance
Boston Fund
]
Bid
Banking
Corporations
%h
12.36
Investors Fund C_
Basic Industry Shares.
Delaware
12.98
'
....
♦5% preferred
.
1.73
11.27
lnvestm't Co of Amer.. 10
Bankers Nat Investing—
♦Common
.
Investment
25c
1.16
Independence Trust Shs
.
5c ; 15c
.
12.69
Fund Inc common.. 10c
2.54
.
1.06
Obligations Of1Governmental Agencies
08c
—
Wellington Fund
Trusteed Industry Shs.25c
Institutional Securities Ltd
3%
5.77
Aeronautical Securities.,
Affiliated Fund Inc.,.1%
♦Amerex Holding Corp. 10
Amer Business Shares..
American Foreign
B
3.95
3.77
Ask
9%
Trusteed Amer Bank Shs—
Class B
:
♦Huron Holding Corp..
Bid
Par
U SEILt&PrSharesA—.
1
1
♦Series B
Bid
Ask
Trustee Stand Oil Shares—
were
found to
during the last week in good vol¬
*
livery was nominally as follows:..
The
above
markets, based
quotations are "M. & M. M/s" appraisal of the major United States
sales reported by producers and agencies.
They are reduced to the
Louis, as noted. All prices are in cents per pound. 7
'
on
basis of cash, New York or St.
Copper, lead and zinc quotations are based on sales for both prompt and future
deliveries/ tin quotations are for prompt delivery only.
In the trade, domestic copper prices are quoted on a delivered basis; that Is,
^
delivery charges vary with the destination, the
figures shown above are net prices at refineries on the Atlantic seaboard.. Delivered
prices irf New England average 0.225c, per pound above the refinery basis. 7
Export quotations for copper are reduced to net at refineries on. the Atlantic sea¬
board.
On foreign business, owing to World War II, most sellers are restricting offer¬
ings to f.a.s. transactions, dollar basis.
Quotations for the present reflect this change
In method of doing business.
A total of ,05c. is deducted from f.a.s. basis (lighterage*
etc.) to arrive at the f.o.b. refinery quotation.
delivered
at
consumers'
■m,
sw
■
plants.
As
'
Volume
Number 4063
155
THE COMMERCIAL & FINANCIAL CHRONICLE
1497
The Capital Flotations In the United States During the Month of March
and for the Three Months of the Calendar Year 1942
New
in March
flotations
corporate
other
aggregated
1942
offering of note was the successful distribution of
263,000 shares of capital stock of Chemical Fund Inc.,7
$112,294,420, a substantial increase over the Februarytotal of $74,109,375, but a marked decline from the total
of $201,922,025 reported in March 1941.
March financ¬
ing however follows the trend of the past five months
in that the greater portion is for new money, the total
for the month being $73,085,120, or 65%.
In financial
circles the tendency; is to anticipate a poor showing in
future months, continuing the adverse comparison with
1941 exhibited thus far this year.
Until the war is over
it is a foregone conclusion that the monthly total of
corporate (and municipal also; emissions will be of very
moderate proportions. ; However it is expected that industrial
undertake
will
concerns
for plant; expansion where siich
with the war effort.
r ,,,
by
of
group
investment
54
the management type;
throughout the
dealers
recorded.
was
February total...........
Municipal: financing for the; month; showed, ,a, slight
over
February, the totals being $48,678,844 and
$41,153,781 respectively. The portion of the month's total
,
March aggregated $37,238,100,
comprising seven issues, and represents slightly over
33% pf the month's.total, as compared with $33,245,000
or 45% in
February and $5,800,000 or 3% in January. The
feature of the month's financing was the successful placing
the first
three
reached
$209,356,076, of which $135,690,339 was for new capital,
as compared with
$308,163,858 for the first quarter of
1941, $164,636,942 thereof representing new financing.
Below we present a tabulation of figures since Jan¬
uary, 1940, showing the different monthly amounts of
corporate financing as revised to date. Further revisions
of the 1941 figures will undoubtedly be necessary from
time to time, particularly as additional private financ¬
$32,500,000 3%% bonds of Pennsylvania Electric Co.
and
$3,400,000 preferred stock of the same company;.
$15,000,000 4% debentures of Schenley Distillers Corp.,;
a revision downward from $27,500,000 originally planned,;
and $18,000,000 1st preferred ship mortgage serial notes
(average interest rate-2.80%) of Consolidated Oil Corp.,
which was disposed of through the private route.
An¬
ing
is brought
to
in annual
light
places.
SUMMARY OF CORPORATE FIGURES BY
5,000,000
28,730.000
152,000,000
7 33.730.000
126.807.000
;
A
.....
20,100,000
183.352,000
26,925600
100.352,000
47.025,000
492,1.86,000
140,447,000
;
.
ij
x25,193,000
„
7
7
*13,100,000
156.427,000
143,327.000
■
351,739,000
.^,°™prlse8 salcs of s')Pnlil' series certificates and notes; certificates sold to AdJusted Service Certificates Fund and
Unemployed Trust Fund, and notes to Federal
Old Age and Survivors Insurance
Trust Account, Civil Service Retirement
Fund.
Foreign Service Retirement Fund, Canal Zo ie Retirement
Fund, Alaska Railroad.
Retirement Fund, Postal Savings
System, Government Life Insurance Fund,
National Service Life Insurance
Fund, Federal Deposit Insurance Corporation, and
Federal Savings & Loan Insurance
Corporation,
x Net retired.
.
In the comprehensive tables
VI
we
compare the March
with those for the
the
on
the
and
following oages
months' figures
three
corresponding periods in the four
preceding, thus affording a five-year comparison.
Along with the full-page tables, we give complete de¬
tails of the capital flotations during
March; including'
every issue of any kind brought out in that month.
years
reports and other
f
MONTHS, 1042, 1941 AND
81,605.000
'
Total 3 months....
new money was $21,606,016.
For
months of this year municipal financing
59.692.000
39,250.00®
7.000.000
M arcli total
representing
:
y
■Notes;-.....
•
,7
160.537.000
Certificates.
increase
projects are iii accord
March—
-
1940
Details of New
*1941
1942
New Capital
Total
Refunding
New
Capital
Capital Flotations
During March, 1942
*1940
Refunding
Total
New
Capital
Total
Refunding
LONG-TERM
$
January ii'i.
82,848.364
87.185.826
170.032,190
$
271,387,665
52,928.677
46,004,059
$77M"/.
£
S
55.208 875
18.900.500
74.109,375
46.549,770
227,012,100
324,316,342
273,561,870
73,085,120
39.209.300
112,294,420
86,634,370
115,287.655
201,922,025
31,527,491
103,799,(^50
215.479,821
140,956,164
356,435,985
186,112,817
613,687.420
799,800,237
113,001,268
453,135,463
566,136,731
A«rll.
39,469,665
146,650,400
59,175,210
May.
63,874,177
90.466.785
107,180,735
197,102.123
113,390,374
260,976,300
203,857,159
89,787,130
9,771,328
192,497,442
84,280,300
251,672,652
174,067,430
101,476,480
111,247,808
Second quarter.. * J.
193.810.627
417.673,232
611,483,859
158,733,668
378,254.222
536,987,890
Six months--.
379,923,444
1.031,360,652
1.411,284,096
271,734,936
831,389.685
1,103,124*.621
43,569.170
327.402,743
34,264,713
86.468.380
74,427,157
130,037,550
49,833,450
67,938,134
242,447,950
292,281,400
401,829,900
180,831,672
161,391,300
195,656,013
68,006,465
112,893,538
65,594,785
-
.i
.>
-
-
-.
.'. L.i.
I'V'bruary......... 1
March, j
i
First Quarter.
June.
35,469,718
137,994.832
BONDS
f;
257,345,640
135,326,541
..
:
i
42.355.000
7
.
.157,000,000
3,537.000
Notes
»->
Net Issued
■
3S.S50.000
20,842.000
-i
February—i
Certificates
first quarter of 1941, and is the smallest
quarter financing
of any since the first three months of 1939 when
$283,-
128,255
141.297,000
...
<
$
78,100,000
63,167,000
.......
January total
•'
Retired
,>
$
Notes..
of 1942 aggregated
$356,435,985 compared with $443,643,020 in the final quarter of 1941 and
$799,800,237 in the
*
Issued
"'r/
January—
Certificates
investment trust to be offered for some years.
New corporate issues brought out in the first
quarter
Issues sold privately in
of
a
INTRA-GOVERNMENT FINANCING
1942
country, headed by F. Eberstadt & Co., managers of the
underwriting group. This is the first stock issue of an
financing
new
some
mutual investment company of
a
*
173,464,550
AND
NOTES
(ISSUES
f
MATURING
LATER THAN FIVE YEARS)
NOT
'
;
;
-
211,341,581
;
*$2,830,Tin(U Southern
RAILROADS
Pacific
Co.
% equipment trust certificates,
Purpose, purchase of new equipment,
Cer-
2,830,0001 due 1943-1952.
tricates awarded
<
Dick
,
:
,
.
&
on
bid of 100.009 to Salomon Bros. &
Merle-Smith,
and
Stroud
&
Co.,
Inc.
Hut.zler;
Last
maturities reoffered
i
at p-ices to yield from
2.35% for
maturity to 2.90% for 1952 maturity.
~ :
1
five
1948
'
public utilities
July.
AuKust.
September.
*$350,000 California Water Service Co. 1st intge. 4% bonds, series B,
•"*
due May 1, 1901.
lbirpose, plant extension. &c.
Price,
106.5%. - Sold
privately
to
Northwestern
Mutual
Life
Insurance Go. of Iowa.
*3,850,000 Louisville
Third quarter
405,236.626
322,286,837
727,523,463
185,778,049
420,936,273
785,160,070
1,353,647,489
2,138.807,559
457,512,985
1,252,325,958
Corp. 25-year 1st mtge. sinklnjsf
due March 1, 1907.
Purpose, finance
construction
of transmission
line.
Price, par.
Sold
pri¬
vately through competitive bidding to Northwestern Mutual
Life Insurance Co.1
:
606,714,322
Nine months
1.709,838.943
!
Transmission
fund 3H%
;
133.601,250
bonds,
-
'
■/;
.•-.
t
-
_•
- j -J
4''
:
103,261,200
j. j
>
.
-.
December
i
200,311,420
131.811.350
111,520,250
97.050,220
89,427,250
42,384,100
59,465,696
November..
52,054,554
47,728,100
393,074.870
168.943,139
,
345,346,770
93,942,646
262,885,785
62,198,558
334,579,682
396,778,240
,lt
i
A
Four t ho. uarter.
252,154,146
191,488,874
443,643,020
278.869.797
773,869,098
1,052,738,895
1.037.314,216
1,545,136,363
2,582.450,579
736,382,782
2,026,195.056
2,762,577,838
1972.
Revised,
TREASURY FINANCING IN MARCH
Maturities of
$900,000,000
no
Treasury bills in March aggregated about
as
a
ditional funds.
result of the shortening of maturities
of the bills sold last December and early January.
In
aggregate
became
earlier.
working balance in the general
payable!,
the week
to
•
about $600,000,000 bills ma- ;
a total of
$156,006,000
only
refund the
.
maturities.
The
'
1
-
•
.
The volume of bills
bills were issued during
new
with
compared
$2,801,641,371
balance was
result there
a
a year,
was
each offering.
March income tax receipts amounted to $1;207,512,-
a
was
also
! Amount
Date
Due
Dated
Offered
71
7
Jan.
15
Jan. F3L. Jan.;
1
10 12 yrs.
Jan. 1-31L June;
1
: 12 years
/Jan. '.9U' Jan.
-Jan. J6.r Jan.
14
21
Jan.
23-. Jan.
28
Jan.
12-; Jan.
Jan. F-3F. Jan. V l
Janliary
Yield
reduction in yields,
99.940
*0.304%
'
150,230,000
150,047,000
99.97.0
"'150,330,000
99.950
*0.196%;
150,074,00R
1.013,839,300
99.942
*0,231%.
1,013,839,30(f
1674 629,3u8
1 '4,865,000
237,750,525
«: •>;
1,074,029,308.
4,865.000
237.750,525
/ ;
.
100
2% '
v..«
V'
100
"...a
.
100
•*-b
«•
use
Tgpe of
91
4
91
days
days
Feb,
11
Feb.
18
Feb.
25 .91. days
13-. Feb.
•
Dated
*
99.994
*0.220%
Jau., 14..
90.937
*0.250%
*0.263%'
*0,266%.
Jan.
v-
99.993
"150 ,445,000
385,802,000
,012,600
99.933
»150
1,512 ,334,200
4,696,698,550
710 ,837,192
3,825,000
'"'•''•3 ,825,000
100
2. years
126,119,475
126 ,119,475
91.days
510,228.000
471,319,000
150,477,000
150,194,000
99.944
91- days
18
91
ndays
515.476,000
150,273,000
99.951
91
Mar. 20.
.
days
512,778,000
150,262,000
Mar. 1—31 Mar.
1
10-12 yrs.
71-day Treas. bills..
•
i
Indebtedness
Refunding
$
1
12 years
561,506,282
2,230,000
Mar. 1-31 Jan.
1
2 years
Mar. 25
2,230,000
234,788,400
99.953
234,788,400
a
ioo
150,230,000
100,433,000
49,797,000
100,207.000
49,840,000
1,013,839,300
U, S. Savings bonds.
1,074,029,308
1,074,029,308
4.865,000
4,865,000
237,750,525
1_.
'li.:
I..
Depositary bonds.
Tax
..
antlclp'n notes.
100
March
totalis,
January
total. I.
months.-
1,514.883,300
150,092,000
91-day Treas. bills-.
150,049,000
Feb. 25..
bills..
150,012,000
150,445,000
1.512,334.200
710,837,192
3,825,000
126,119,475
......
2,953,713,867
600,598,000
2^% Treas. bonds..
l-_
l._
Depositary bonds..,
l._
Tax anticip'n notes..
1,416,281,833
U. S. Savings binds.
*$18 ,000,000
a
Comprised of three separate series, of
150,477,000
LAND,
2,353,115,867
150,194,000
150,273,000
150,194,000
Mar. 25..
91-day Treas. bills..
91-day Treas. bills.,
yield
2.53%;>«ud series G have a 12-year .maturity, are sold at 100, and hear 2X
Interest,
t>"Coinprised of two separate issues, designated Treasury
series A:1943 and tax series B-1943; series A earn
/'about 0.48%.:
/'
v.//Z
.
'.
V.
.
"7^.'.
•••.
•
••
'Z
•
about 1.92%
a year
notes of
"• V' ,
:7,'/
-jv'.
7.-' ■7V!'■/' V
.
I
U. S. Savings bonds.
I..
Depositary bonds.
Jan.
1_.
Tax anticip'n notes..
234,788,400
i.
1.402,730,682
150,262,000
564,500,282
"
se-ial
Most
bonds,
due
BUILDING, &c.
\-
Bishop
of Mobile and Missionary
Trinity direct obligation 3%
1943-1952.
Purpose, reading.
Price,.
Blessed
Offered by WTeil & Arnold.
63,500 St. Paul's Catholic Church. Akron, Ohio. 1st mtge. 3%
serial real estate bonds due Feb. 15. 1943-1952.
Purpose,
-l
2,230,000
231,788,400
of
100-101, according to maturity.
.
;
564,506,282
•••i
2,230,000
'
refunding.
32,000 St.
Offered by Dempsey-Tegeler & Co;
Paul's Evangelical Lutheran Church, Huntington,
Va., 1st. mtge. 4% real estate bonds due Jan. 1, 194319-°.
Purpose,
refunding.
Offered by
Dempsey-Tegeler
W.
.
,
I
*
*
March
total.
•_
t
-
—-.
-
w-
tax
and series B.
..
1..
)
150,273,000
150,262,000
Mar.
June
Catholic
Servants
150,477,000
91-day Treas. bills..
2.90%; series F have' a 12-year maturity, arc sold on a discount basis, at 74, and
year 1st preferred shin mtve.
annually, Feb, 1, 1943 to Feb. 1, 1957.
rate 2.80%).
Purpose, construction of
marine equipment.
Sold privately to seven banks and three
insurance companies. ;^
$166,000 Roman
91-day Treas. bills..
'
¥■
interest
126,119,475
4..
:
'
-
due
notes,
(average
710,837,192
3.825,000
Mar. 18..
Average rate on a bank discount basis,
Co.)?*
Consolidated Oil Corp. 1-15
serial
1,512,334,200
: Mar. 11..
which series E have 10-year maturity, are sold on a discount basis at 75, and yield
Gardner;, Riter &
$22,000,000
>
Mar,
Reinholdt, &
■>' c
150,445,000
Februar y total....
1
&. Co.;
Inc.;
150,012,000
91-day Treas. bills..
Feb.
b
Moseley Sc Co.; The Ohio Co.; Paine, Webber
Rollins
Spencer Trask & Co.; Tucker. Anthony & Co.: Union Se¬
G. H. Walker & Co.; Wertheim & Co,, and
Whiting, WTeeks & Stubbs, Inc.
v'
150,049,000
91-day Treas.
June
:
H.
150,092,000
OWlay Trbas. bills..
F§b. 25..
7,287,609,682
*
payable.
curities Corp.;
{
'
notes
OIL
2,931,165,133
4.-.
1,402.730,682
Total 3
pay
& Sons, Inc.; Srhwabncher & Co.;
Singer,
Deane & Scribner; Stein Bros. & Boyce; Stern Brothers &
Co.;
Stone & Webster and Blodget, Inc.; Stroud & Co.,
•*
v
Purpose,
Sons; Curtiss, House & Co.; Dillon,-Read
First Boston Corp.;
Hallgarten & Co.; Harris, Hall <fc Co. (Inc.); Hawiey, Shepard
& Co.; Hayden, Miller <fe Co.; Hemphill, Noyes & Co.; W. E.
E.
150,074,000
237,750,525
.
Jan.
2%
1952.
Alex. Brown &
& Lynch; F. S.
& Co.; Parrish
1,013,839,300
F"eb. 18-,
a
-■■••-
1,
Corp.; Carl M. Loeb, Rhoades & Co.; Laurence M. Mark*
& Co.; McDonald-Cooiidge & Co.; Merrill Lvnch,
Pierce,
Fenner & Beane: Merrill, Turben & Co.; Moore, Leonard
,
'2% Treas. bonds j..'.
Feb. 11..
♦0.222%
*0.229%
*0.195%
*0.203%
99.942
564,506,282.
Mar. 1-31 June
.
Accented
b
11
4
Security
15-.
Feb.
..
i
150,330,000
Jan.
i
6.. Mar.
March
•
150,047,000
June
100
due
& Co.: Emanuel & Co.; Estabrook & Co.;
.
150,330,000
150,074,000
21..
Jan.
*
Mar. 13.. Mar.
Mar.
:
New
91-day Treas. bills..
-
Feb.. 27-- Mar.
•
■
.91-day Treas. bills..
91-day Treas. bills..
Jan.
I
.
;■
2,953,713,867
Februar y total.
...
:
Jan.. 28..
'1/4
ioo
710,837,192
12 years
:
tures,
Price, 100 and interest.
Offered by Mellon Securities Corp.;
A. C. Allyn & Co., Inc.; Blair & Co., Inc.; Blyth & Co..
Inc.;
"
:
'
Feb. 1-28 Jan. >.1
7..
150 ,092,000
7, 342,087,000
10-12 yrs.
Feb; J-28 Feb. y. 1
Feb. 1-28 June!,' 1
: :
Totgl Amount
;.
v
150 ,049,000
410,057,000
3IW.966.000
25 13 1-3 yrs.
Feb.
61 days
:
•
K 15,000,000 Schenley Distillers Corp. 10~year 4% sinking fund deben¬
V:i
Jail,
Feb.
.
,i
v
>
2.931.165.133
Feb.
13;n
Feb. JJOii
of funds
"
AND MANUFACTURING
,
"if;
Jan, 30.'. Feb.
Treasury continued to sell de¬
and the
2%:
i
■:
"
Oil Products Co. 3'<% sinking fund debentures
due April 1, 1957.
Purpose, redeem notes payable; working
capital.
Price,
102 44 and interest.
Offered
by Jackson
&
Curtis; Schwabacher & Co., and Kebbon, McCormiek
dropped to $564,506,282 from $710,837,192 in February
record high of $1 $74,029,308 in January.
♦0.119%.
351,585,000
.
In addition to bills the
Offered
1,000,000 National
fense bonds, tax anticipation notes and depositary bonds.
The volume of defense bonds sold during the month
384,694,000
2 years
i
/
Price
Co.
Blair & Co..
_
month from 0.266%. in the final week of February.
371,501,000
.i
total
Accepted
351,600.000
days
791 days
191 days
i91 days
9 Yi years
Jan.
,
Amount
Applied for
$
1942
Co.;
1st mtge. 314 % seriaLbonds maturing semi¬
annually Oct. 15, 1945 to April 15, 1955.
Purpose, refunding.
Sold p'lvately to Northwestern Mutual Life Insurance
Co.,
Mutual Life Insurance Co. of New York, Massachusetts
Life Insurance Co., and Sun Life Assurance Co. of Canada.
which dropped as low as 0.195% in the third week of the
UNITED STATES TREASURY FINANCING DURING
;
Beane;
Singer.
*$6,000,000 Mead Corp.
oversubscriptions to
some
Co.;
of Missouri 1st mtge. & coll.'trust
Piu-pose, construction.
Price,
by Lehman Brothers; Bear,
Inc.: Hemphill, Noyes & Co.;
■Laurence M. Ma^ks & Co.; Schoeilkopf, Hutton & Pomeroy,
Inc.; Hallgarten & Co.; Swiss American Corp.: Francis Bro.
& Co.; Arthur Perry & Co., Inc.; and I. M. Simon & Co.
&
i OTHER INDUSTRIAL
heavy demand for the bills offered
There
&
Co. equipment trust cer ¬
Purpose, pmchase of equipment.
Sold
and" interest.
109>8
$48,080,000
000,000 during March and by $100,000,000 in February. As
last month evidenced by substantial
ago
of
month
i
paid off out of income tax receipts which were in the
Abbe
Corp., and Starkweat her
bonds. 3^% series due 1971.
!
Stearns
reduced by $350,-
was
Electric
10,000,000 Union
'
•
outstanding
record volume of
$3,082,627,146 during the month;
fund
a
Newton
privately to Philadelphia financial institutions,
At the close of March the Treasury had
$2,731,632,240
Lynch;
D.
series
tificates,
;
i
an
the four days starting-with March 16, when income taxes
tured and
of the month the Treasury had
bills maturing but issued about $150,000,000 for ad¬
&
Transportation
*1,380,000 Philadelphia
In the filial week
892.
y)■; ;
Leonard
Moore,
Deane & Scribner; First of Michigan
& Co.
'
;•
'
-
|
Hall & Co. (Inc.); W. C. Lansley & Co.; Coffin &
Inc.; F. S. Moseley & Co.; Tucker, Anthony & Co.;
Hornblover & Weeks; Merrill Lynch, Piece, Fenner &
'j
*
•
nitge.
Harris,
Burr.
Twelve months....i
Electric Co. 1st,
Purpose, refunding
bonds, 3%% series
($32.235,800>. pay bank'
note, &o. ($264,200),
Price, $103 »<$ and interest.
Offeree*
by Mellon Securities Corp.; The, First Boston Corp.; Blyth
& Co., Inc.: Kidder, Peabody & Co.r Lazard Freres &
Co.;
Shields & Co.; White. Wreld & Co.; Eastman, Dillon &
Co.;
due
;
Octoberj
;v:
32,500,000 Pennsvlvania
7"
'
Total 3- months tfVvV'V V- V
7,287,609,682
450:944,000
2,566,425,300
9&1,786,682
4,721,184,3S2
k co.
'
-
■
37,000 St. Thomas Orphanage, Lincoln, Neb., direct obligation
3% serial notes due annually, Jan. 1. 1943-1952.
Purpose,
refunding.
Offered by Dempsey-Tegeler & Co.
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$675,000 Sisters of the Third Order of St. Dominic of the American
Congregation of St. Mary of the Springs and the Col¬
lege of St. Mary of the Springs, Columbus, Ohio, 1st &
ref. mtge. (2M. 3, 3X. 3H%) real estate serial bonds, due
Oct. I, 1942, to April 1, 1962.
Purpose, refunding;
Offered
by Dempsey-Tegeler & Co.
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*$4,822,100 Philadelphia Electric Co. 48,221 shares of $4.40 preL ?
stock (par $100).
Purpose, reduction .of short-term bank
loans.
Price, $110 and dividend.
Sold privately to,,New'i
York Life Insurance Co., Prudential Insurance ' Co.
of
America, Insurance Co. of North America, and Philadelphia
Electric Service Annuity Fund,
Provident Trust Co. as
trustee.
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are
computed
$2,500,000
at
their offering prices.)
UTILITIES
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Minneapolis-Honeywell Regulator Co. 25.000 shares of
/.
Purpose, general
Price, $104.50 per share and dividend,
Offered by Union Securities Corp.; Piper, Jaffray& Hopwood,
and Burns, Potter & Co.
3,692,500 Monsanto Chemical Co. 35,000 shares of eum. pref. stock,
series C (no par), $4 dividend.
Purpose, corporate purposes.
Price,' $105}^ per share plus dividend.
Offered by Smith,
Barney & Co.
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$6.817;500
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INVESTMENT TRUSTS. TRADING, HOLDING. &c.
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$3,400,000 Pennsylvania Electric Co. 34,000 shares of cum. pref.
stock, 5.10% series A (par $100).
Purpose, property addi¬
tions, &c.
Price, $103.75 and dividend.
Offered by same
bankers as offered the $32,500,000 1st mtge. 3 %s (see above).
(j-
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$625,000 Republic Drill ;&:Tool Co. ,125,000 shares .of (55-eent):
conv.! pref. stock (par $1).
Purpose, expansion: working;
; 1
* capital.
Price, $5 per share.
Offered by Craigmyle, Rogers
!—
4M% cum. pref. stock, series C (par $100).
*
,
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taken at par, while preferred
stocks of no par value and all classes of common
■
.
OTHER
are
-■
""$8,222,100
-.''/V'*
STOCKS
(Preferred stocks of a stated par value
•
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uowra
$973,500
Cu.
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$3,535,320 Chemical Fund, Inc., 263,000 snares of capital stock (par $1)*
Purpose, Investment in securities; general corporate purposes.
Price, Initial price $9.64 per share.
Offered ro stockholders
and also to t'ne general public by F. Eberstadt & Co.; E. H.
Rollins & Sons, Inc.; Hemphill, Noyes & Co.; Jackson &
Curtis; Bond & Goodwin. Inc.; and a group of about 5ft
investment dealers throughout the country.
T
FARM LOAN AND GOVERNMENT AGENCY ISSUES
$30,175,000 Federal Intermediate Credit Banks consolidated deben¬
tures dated April 1, 1942—$12,445,000 0.60% due Oct.
1
1942, and $17,730,000 0.70% due Jan. 2, 1943.
Purpose
$21,315,000 refunding $8,860,000 new capital.
Price, par.
Offered by Charles R. Dunn, New York, fiscal nsent.
Volume 155
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
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Price, $100^ per share.
Originated with
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279,500 York
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CONTINGENT
£
LIABILITIES OF
THE
UNITED
STATES,
OCT. 31.
1941
Complied from Latest Reports Received by the Treasury
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Amount of Continnent
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t""M
©coco
th©I> :•
Tf
!*-
©»H
,
OOCOW- n--©*
M©®
q
©
CC
PS
M
CO
310,090,000
3,004
19,953
1.414
30,429
b2,101.452,000
.©
.
633
275,868,000
319,895,000
324,397,000
571,363,000
55,433
?
..
Vt% notesr series U
134 % notes, series V
1% notes,'series W
299,839,000
310,090,633
275,871,004
319,914,953
324,398,414
571.393.429
Il>
t
I
2,409,791,364
870,514
299,839,000
%% notes, series R._
1% notes, series S.
-e1
NO©
g©0© IMQO i•
"iqq
? K
i®' ©*
oo
o©
I
Vs% notes, series P
HHHC
OiiCO'iiCCC
©
<N
,*rt*X
|rtHd
•
M
CO
779,292,523
129,551 875,568,176
26,641 754,930,666
Reconstruction Fin. Corp i
lOOOOl^
;t)<V©©M
coVH •MO"
'
2,408,920,850
1©©" l©*©o"o©
O©
'OO©
754>04!025
134% bds., ser. M, '45-47
lOQQ
©»o©
MM©
<OM©03
3% bonds, ser. A, 1944-52
2K%bds.,ser.G, 1942-44
'©
©m
lOfc.
io©
CO
Home Owners' Loan Corp
;
x©o
tOO
©CO©
18,199,268
.©
,
©oco
jCO
00CO
^
i
2H% debs.,
2H% debs., series
lO-CO
ico
J©qv> | !
©ouo
lOrJiiCi
IC©©
CI.M
HM
,
HH
iOOO
®©o_ i
!
I
i
I©©©
©CQ
«Vo J Joovj ! Ji Jr-k;
©coo
,
,o©«o I I
<©'o
Wyiqq I !«qqeq i , J-^.cq
KS^lO ' «0©i-i I ' '© CO
>Ot»©
I
iOOO
'CO
_r
Tennessee Valley Authority
i
.
1
I
I®
i
i
i£2
'M©X
O-t'-M
'
1
'©
iOOO
1
1
1©
ir*o©
1®©©
i
i
i
'X
!
2,101,507,433
c
1©
i,
U. 8. Housing Authority:.
„
l%% notes, ser. B, 1944.
% % notes, series E, 1941.
©
114,163,454
112,099,223
114,157,000
112.099,000
Tf
226,262,677
f 226,256,000
©
©
sq©
©
i
>
©xo©
,©<N®
,
,
j®
,PS
;®QO©
|
;
,<N
M
psps©cc
'©©r*
1
1
'©
©o®
■
■
1
1
®M
CO
1 ©*©PS
©
,
ocvooco
•Ohio
ooooeo
©©■©»
©OOTT
CC
u}©©
'I0?0!
U. S. Maritime Commission.
Total unmatured securities.
X
M
;o'©«5
OOXCX
o©oo
©©©©
©xo©
®M
%% notes, series D, 1941.
©
I
:§8i
8SS :
i©
;
'
'©PS-
I©
1
»
IPS
1
^
©*©<©
r-
!
!«
©
•
1
1.
i
•lAxr-o©
o>
,
|*
I
M
IM
1
,©©©
,©PSCC
!©©©
i-*t©©
©
.-■©
;
!©*«© ! I-;©
©X5©" .J
|-|©I(S
©©
i
■
'CO®
1
'©
X
M® ©
CO
2H%
'
77,445
77,200
debs., series B—
Fourth called
t
■
16,676
65,050
65,944
i—;
1
16,450
Fifth called
1.®
I
,
•tree
C0..V
145,194
£145,000
1H% bonds of 1939
!
M©©
,xww
1
'
M
1
!©*PS*®
©CO
©oo
6,931,494,103
......
Federal Farm Mtge. Corp.:
.
©O©
1,983,147
Federal Housing Admin.:
Mutual Mtge. Ins. Fund.
>■
„
6,929,510,955
Matured Obligations—
Commodity Credit Corp.:
i^.
81,500
CO
82,620
1.12C
Home Owners' Loan Corp.:
'
C©C
ODOO
co
SCO ie©t* x
I ©0*0 ©
'
i
I
I
©
wo
©M©
©crje
I
W WW
©'m©
'
M©
--
r.'
'©"©CO
xroq '©cox ©
!©o©
!©©m
.IOC©
.
|S
.
,©CCt* W
.i-;©©
Iqoq-r
Weowq
©CO©
©r-o
©00©' 1
1
,
COCO
v
©©
/<•
12,566
12,566
7,052,450
382,682
7,381,132
50,000
685
84.400
140
455.300
1.433
V
347,026
P28.000
CO
io
53,520
36,760
84,540
3,520
36,075
n7,678,225
©q
1
'rf^tco
M©
Nif
©
4% bonds of 1933-51
2?i% bds., ser. B, 1939-49
2% bonds, series E, 1938
iij% bends, ser. F, 1989.
ya% bonds,ser. K, 1940-.
%% bonds, series L, 1941
83
456,733
8,025,251
Reconstruction Fin. Corp.:
•
|©00
•
>
i
i
i-rrO©
i
>
I
IMIOlO
I
I
.
'
:
*
t
1
I.
I; I
i-rji
i
1
lOOC
i
i
1
I
I
I
I
©
■i©
i
'1
i^too
i
i
i
.1.1
I
(l
©
i©
i
1
IM©©
1
1
'm
1
©nc
;
;
;
;
;
©
;
;
;
©
® ©M
I
I
1
1
'
©
©
•
1
I
1
<M
1
ii
I'll
i
I
I
—1 "
1
'
i
1
'©VlM
I
1
1
1
I
1
I
i
TO
,
M
.q
!
M
'©
«
i
i
i
i-.-.l.f l1
i
l
©
1
M
.
1
'
©
.
cr
-
i
i©0©
'
iXCO
CJ
I©©
>Q
I©
^C©©
,
,©l^O
Wcqxq
©*M©
i.
,©woc
,
'©©M
1
M
©o-,
,
,CO©
-
'
i®^
1
1
'©
.
>ooo
|©0©
i©N
i'cocio
! !i
1
1
i
©q©
c©o
©e*©
COM©
8,358,593
a8,009,925
©oo©
'NHH
iO©
iccc
Zone Postal Savings
System—Funds due dep..
qq
1
6,939,852,696
......
hi 351,963,146
hn4.265.33l
58,121
Tennessee Valley Authority:
,©cor*
,
t. 2.331.816
37,269,250
Canal
' qco <*
Iqeqoq
6.937,520,880
Funds due depositors....
|C<NN
,©i>©
on guarantees.
On Credit of United States:
Secretary of Agriculture....
Postal Savings System-
}©V©
M|.
com
©co
MTf
i
Total, based
T
M
1©UJ
i
!.:! '®.®
'©
,©
I
i
i
'oi® !
!'!
,«3
,m
'
I
iO©
i-rro
-
<0
I©
oe©"; ;©Vo !'c ;©
Total matured securities
©
!
M
©CO.
©©©
28,083
c
,i
- i
-i
i
•
•
i
i
©;•.•-■•
'c
:SJ22 -11 ;
©©©
*,
r
i
if.
■©
-r ?■„■>
Yt% notes, series N
1-
irfi
i
'
©©
2^% bonds, series A
234% bonds, series B.I
3.000,006
5,300,000
8.300,000
Total, based on credit of the
United States
Other
1,364,528,478
Obligations— v
Fed. Res. notes (face amt.).
a
of
17,417,174,167
......
Funds have been deposited with the Treasurer of tie United States for
payment
outstanding matured principal and IntereslTobllgations guaranteed by the United
States.'
b Does not include
$255,822,000 face
amount of 1%
notes, serles'X, due Jan. 1,
1945. held by the Treasury and reflected in the public debt.
c The following bonds
having an aggregate face amount of $56,772,500 Issued
under the Tennessee Valley Authority Act of 1933, as amended, are held by the
Treasury and reflected in the public debt:
Under Section 15a, 2 H% bonds, series A,
due Dec.
15.1948, $272,500; under Seotion 15c, 1^% bonds of 1943-51, $10,000,000;
234% bonds of 1947-57, $15,030,099; 234% bonds of 1951-63, $15,000,039; 2H%
bonds of 1955-69, $16,500,009.
Interest at the rate of 1% per annum is paid on
H 0
c5
a
the bonds issued under Section
15c, while they are held by the Treasury.
f Does not Include $108,000,000 face amount of 34
an
.,
;
'
,
% notes, series G, due Dec. 31,
1941. held by the Treasury and reflected in the public debt.
£ Does not include
ISSUES NOT REPRESENTING NEW
V-;
:
.
$693,454-Davison
FINANCING
$3,703,876 American Airlines, Inc., 93,769 shares of common stock
'
(par $10).
Price, $39^ per share.
Offered by Emanuel &
'
Co. and Lehman Brothers.
-
•
-
-
-
;
.
500,000 American.Tobacco Co. 5,000 shares of 6% pref. stock (par
^
=
$100).
Price, $125 per share.
Offered by Clark, Dodge
&, Co.
/*
...
•,
.
r
Price, 56 H.
50,000 Caroliha Central RR; 1st consol. 4s, due 1949.
Offered by Stroud & Co. and Van Tuyl &
Abbe,
v
v
-
Grant, Keehn & Co.
"'
411,420 National Distillers Products Corp. 20,571 shares of com;
Vnon stock (no par).
Price, $20 per share.
Offered by
.
•v
'
Wertheim & Go.
Investment
:
'
;
\
••
v
,
t88,750 Continental Insurance Co. 2,500 shares of capital stock
$2.50).
Price,
$353^
per
share.
Originated with
Kidder, Peabody & Co.
.
"
v
■
180,000 pacific Gas & Electric Co. 10,000 shares of common
(par$25).:
1,261,581 Pan
Price, $18 per share.
blower &
stock
Offered by Blyth&Co., Inc.
Corp. 88,532 shares of capital
Price, $1434 per share.
Offered by HornWeeks and Lehman Brothers.
American
stock (par $5).
.
I(par
'
'
t
Trust Corp; 7,000 shares of
common stock (no par)
Price, $22 per share.
Offered by
.Merrill Lynch, Pierce, Fenner & Beane. ^
^ , - *
154,000 Commercial
shares of common stock
Offered by Merrill
,
,
;
87,654
tll8,500 (G. C.) Murphy Co. 2,000 shares of common stock (no par).
Price, $59%
per share.
Originated with Merrill Lynch,
Pierce, Fenner & Beane.
& Co.
v v
>
Co.
fl30,150'Fidehty Phenix Fire Insurance Co. 3.800 shares of capital
? '
1 stock {par $2.50).
Price, $34 K per share.
Originated with
stock
Allen
500,000 American Tobacco Co. 5,000 shares of 6% pref.
(par $100).
Price, $124 %! per share.
Offered by
Chemical
(par $1).
Price,
$19%
per -share.
Lynch, Pierce, Fenner & Beane.
Airways
.
i
/
-mi""".'.''
i
i
*
"
,
?
,
"
*
t
1
h
$13,000 face amount of bonds in transit for redemption on
,
Figures shown
of July 31, 1941—figures as of Oct. 31, 1941, are not
available.
Offset by cash in designated depository banks and the accrued interest
amounting to $28,728,090. which Is secured by the pledge of collateral as provided
in the Regulations of the Postal Savings System, having a face value of $27,605,425,
cash in possession of the System amounting to $71,640,681, Government and
Government-guaranteed securities with a face value of $1,246,345,540, and other
assets.
1 Held by
F;
are as
..'■
-y/;.
'•
the Reconstruction Finance Corporation.
^
j In actual circulation, exclusive of $14,553,803 redemption fund
deposited in
$346,397,755 of their own Federal Reserve notes held by the
issuing banks.
The collateral security for Federal Reserve notes issued consists
of $7,421,000,000 in gold certificates and in credits with the Treasurer of the United
States payable In gold certificates, and $4,895,000 face amount of commercial paper.
the Treasury and
m
Offset
by cash on hand and in depository banks amounting to $1,163,901;
a face value of $3,445,100, and other assets.
Government and other securities with
n
Does not Include $13,675 face amount of bonds in transit tor redemption on
Oct. 81. 1941.
f60,390 Radio Corp.
»
stock
of America 1,220 share? of
$49% per share.
(no par).
Price,
E. F. Hutton & Oo.
$3.50 1st pref.
Originated with
.
r
Oct. 3L 1941.
'~;i;"
Z
/>"!■ t.
:T
"■
p
Does not Include $3,000 face amov t ot notes in traaslt for redemption ou
Oct. 31, 1941.
^
W2V* RDWJ) <f ^M^MKlWrWUW tttsttBPMW
IftWftiJ iliWilflli WW5Wfl!l«
(«fW?1
Refinery Operations Off On
Transportation Bottleneck1
Sterling Exchange
X
sterling exchange is steady in quiet
market for
The
The
Bankers' sight has ranged this week between
trading.
4.03%
$4.03%,
and
with
compared
$4.03Vi
$4.03%
to
curtailed
have held
Cable transfers
last
week.
last
week, ranging
between
unchanged from
at
Official
rates
4.43-4.47
by the Bank
quoted
unchanged:
of England
$4.02V2-$4.031/2;
York,
New
official,90.090-90.910
(Canadian
con¬
United
'
'
'
3.2280-3.2442.
.
„.
,
of
since July
ment order
\
,
•'
4.
the
1' cC.
.
countries
these
in
•
:
■
similarly
suspended,
special Treasury license.
ft
'
.
resumed
was
yuan
..." t '
't
■
/
v-
but
'X'X- .'X-y'X y
■
-.
t
'-/I; • •' yx.'
•;
General
RAILROAD
Abitibi
Power
Paper Co., Ltd.
&
to
Stock Exchange
—
York
Stock Exchange, has
received notice that pursuant
1%
to
j
j
bond,; series A, 5 %, due 1953 will be made on or after April 15, 1942,
on
presentation of bonds for stamping at the office of City Bank
Supreme Court
Amefida
of
account
the
principal of
notice
will accompany
-Foreign
Control
Exchange
dollar^:
settlement
in
of
United
the
of
Board
marked
checks
to
(Canada)
States
-
be
may
•
made
Under
at
Obllqatlons of Governmental A oenclcs
Guaranteed bj the United Slates
■
V;yf."'y''$'/+ y V:.
■
Unmatured Principal d
iy'.gyxy;-y-y.y;;
;■
Matured
* X
■'
Com¬
•X/X:..•D«fs;X'.'.'."X Xy-yx
'
puted
X
yyy yv-.
Amount
Int.
»
V
'
1919—Highest war
:%
r!
v:
£
.••:•■■' ."/• '
'/
Balance
Funde
e
•yjxxy v-X>x.
Mar. 31, 1917—Pre-war debt
Aug. 31,
X General
Principal
andy ■
Interest
Kate
«
•■
f
•■••'
•
74,216,460.05
'
-
t
•
,
Jr]
1,118,109.534.78
Dec. 31,
1930—Lowest post-
X 306,803,319.55
war-
/
5,901,¥23.205". 28
Mar. 31. 1942—A year ago..
1.886 10,982.325.00 2,714,909,489.40
28, 1942—Last month. a5673189.605.28 T.879 a23328525.00 3,561,829,086.62
Mar. 31,-1942—Tills month- 5,666.200,255.28 1.878 23.853,350.00 3,492.594,029.24
Feb.
Revised,
a
b Subject to
revision,
not Include obligations owned
Computed on Interest-bearing,debt,
c
by the Treasury,
d Does
Cash Is held by the Treasurer rf
e
of outstanding matured principal of guaranteed
I
obligations and Is Inoluded In the general fund balances.
1
"
i
That
bonds
the
shall
.i- .,v
United
'F.E.C.B.-Div.
i
•
»?
.
and
„
in
and
be
to
X'y?'X'X
full
the
of
excess
fou its
amount
for
the
then
applied
be
by
the
Finance
the
year
and
Corporation
to
Finance
j'
the
first
'new
mortgage
'
pledge of an equal face
Limitation
of
bonds
the
reduction
of
and to the
manner
any
and
Additions
effective
date,
Minder the
Vin
any
at
ducted
year)
of the
a
j
if
bonds.;
may
the
any,
of
net
shall
interest
X.:
v
be used
May
value
part
as
but
taken
the
same
the
five
Corp.—Tenders Sought— '
Trust.
which
on
1207.
the
Chester,
Co.,
trustee.
Bonds
55
Broad
after
j *
of
accepted
to
are
delivered
be
such bonds will
date interest on
Y.
19 Issued
railroad
of
the
:
line
The
and
station
line
a
Pacific
Western
on
provide
ments
a
of
Chester
the
line
constructed
on
See
cease.
westwardly
RR.. at
from
Total
Clear
Creek
Junction
by
in question1.
Red
the
logs
to
its
•:
River
mill
Lumber
at
of
•
the proposed
Co.
!
Net
-
terminus
acquisition
of
the
and operation
other
estimated
forest
supnlv
products. , The
it merchantable
adjacent
area
timber
to
of
and
for
such
the
mandatorily
be
■
'•
betterments in
amount
shall
be
i.
A
-
on
the
income]
y.
of
$1.75
per
share
distribution
as
was.
on
made on
Aug.
$199,658
I
the!
29r
this
1941,
issue
Henry T. Kays, Vice-Chancellor.
on
on
Opt.
and $1.75
1
on
,
37,363
37,088
$144,205
$130,950
■.
4,943
•,
10,000
14,269
7,498
^
;
'
25,^
; ;
-v
]
' 25,187
39,644
$169,61,4
i i
$111,520
X $77,037
without regard to-net-loss ^>n sales of securities in the
$192,429 which was> charged to "reserve for possible losses
of securities.','
The; actual cost of the securities, identified
v
y":*>.-X':*:: •, X.' Balance Sheet
;I yt; ,y
March
81 i
Total
1942 -..X
i
.
ish
$75,459
LX. 9,714,040
'-;X:'X'
10.799.612
-XyAX .X-' .'.r
:
Stocks
Accrued
to
sales,-was used
-
$472,831
Bonds
/
?—i 1,822,842 *
Li—,
30,434
I
-
-
interest
i
1,920,590
29,057-
r—
'
..;;t
$.12,040,146 $12,824,718
-
Liabilities—
'
'Preferred
stock
tCommon
—_■
debt
i
Secured
bank
loan
bank
Accrued
——
""
$5,000,000
———:v:
2,008,000
——1,900,000
100,000
(curr;)„_;_u_—-
loan
354,500
615
354,500
615
——--
—
funded
taxes
'$5,000,000
j
—Z-
warrants
Interest- on
.
_^i_-/'_'
stock
fOption
.
-
—
debt_____:
--
4,370
—__———
payable _1._______—1,180v.Res. for poss. loss on salq of secur.'i____=;____.
2,439,520
Capital surplus
———
—
2,061.595
^Surplus
___!
—;—
'
128,363
Accounts
and Dec. 31,,
each
X
7,644 ;X
1939
$93,863
1940
$106,843
]
sales
insure/
on
1401.
p.
„
stock certificates and bonds delivered: against
gains and losses on securities sold. )
••
April 19 j
y
Total
April 7 ruled that the company j
•
29^267
1 5,698
168
3,334,893
2,061.595
29,982
$12,040,146 $12,824,718
——
'Represented by 50,000 shares of- no par $6 cum. stock. /(Repre¬
by 354,500 shares of no par value,. tThere are issued and outstanding: option warrants
entitling the holders • to purchase ,at any
time without
limit 20,500 shares of- common -stock
at a
price of
-
its 289,450 shares of. non-cumulative preferred!
stock out of earnings for the years 1936 and 1938 before it can pay |
"the common dividend of $1 per share declared on Julv 10, last (seej
de-;
payable
-
must
determining!
f!5|,q
similar
against $2.04
and July 7, 1941..
the|
of
\
dividend
.a
^
of
■Investment securities:■
Feundry Co.—Preferred Dividend—!
declared
Common Dividend Restrained—
purpose
"v
have
'
*$135,934
income
.
non-cumulative preferred stock, par $100, payable out of earnings j
the current fiscal year on April 21 -to holders of record Aoril 14. i
last,
the
into the capital fundi
inot exceeding $25.000i
for additions and
income
directors
Xi.
1941
37,858
$153,577
,
Secured
American Car &
XHX;
$161,800
Assets—
i
to
;
cash
of transportation from Chester, particularly on ship-;
and
| {
determine
"
to
1
by
line. ]
is
155,
on
i;
Calif... a
'
f
'Computed
•amount
'
7%
1941
*$145,059
.
x']■-,'•
35,177
—
-
]accrue<i
j
between
Westwood.
Corp.—-V.
'v
Deduct.,
to j
XXX'X"
:•
X:
;
$118,400
incl. miscel. tax.
int.
paid, or
Exps.,
connection—
a
'•
X i'X 1942
accrued^-
Funded
„
■
■
.
Distilling Co.'— Acquires Through
dividends
ree'd or
; Int,
.,
The
,
American European Securities'Co.—Earnings—
y
production at the rate of 3O;0OO.0OO feet a year for more than 50
years.
Approximately 1%% of the timberlands is owned by a California ■
corporation and more than one-half of the remaining timber belongs,
to the U. S. Government.
; .
-
•
500
above,—V. 155,.p. 1115«
-.X'X■■■
of
Pacific near the eastern
Western
purpose
an
,
transport
to
means
lumber
has
for
X'X
>
See American -Commercial) Alcohol, Corp.,
(par
was
••.
3 Mos. End. Mar. 31—
extending
operating the
1931,
chief
The
'•
1942?
$217,929
!
!
:
Merger its Parent Company—
.
tracks,
stock
acquiring and
1916
!
"
*
.
American
the
American
certificate
a
of
company
of
dissolution
the
(The)
!
approximately 13 miles of main line and 1.11 miles of switch-/
side
or
capital
.-
Central 'Manufacturing: $9.)
Auburn
company
-
Ry.
Corp.—Earnings— X
Manufacturing
•.
N.
St.,
in Plumas County,, Calif., and to. issue $147,9.00 I
$100) .
; ;■ /:•/•;
•:•' '
The company was incorporated Sept. 25, 1941. .in California, with an '■
authorized capital stock of 1,500 shares (par $100) for the purpose of
ing
this
^
;'.'v i'
•.
by
Range
{
The stockholders on
.
--
a
line
line of
a
•••
■
»-
April 7 approved a plan of. reorganization which
provides for the exchange of common stock ($20 par) of this corpora¬
tion, share for share, for common stock-($20 par)
of The American
Distilling Co. (wholly owned subsidiary of the corporation); and there¬
.
.
with
;
Iron
,
American Commercial Alcohol Corp.—To Merge With
authorizing acquisition and
railroad formerly owned by
the Red River Lumber Co., in Plumas County, Calif., and authorized
the company to issue at par not exceeding $120,000 of capital stock >
(par $100), in connection with the acquisition of the/line of road <
mentioned, and for other corporate purposes.
:
> '
J
Company on Nov. 25, 1941, applied for authority to acquire and
operate
■
XSubsidiary and Pissolve—r
.f.K
March
on
by
•:•••••
:
&
-1301v
Quarter Ended Feb; 28—
profit after charges and Federal taxes
'Deficit.—V. 155, p. 1401. X/
has
$186,799.04.
155, p.
The ICC
Mlssabe
p.
Net
Cash
extent as
following
years
pre¬
•
note
$271,407
155,
receipt
announces
Duluth,
Central
(Formerly
a
the Reconstruction
at $100 a share, in¬
part security for
as
for
security
the
cars;-~Y.
'•
American
given to
Almanor RR.—Acquisition and Stock—
the ;
by increasing the annual rate from xh of 1%
*«.
pledged
from
ore
X'X; !.y
I I
'
President,
Hardy,
order
an
75-tott-steel
' •'!
'
■' '
XX'
'
' '• .♦••'
'v • '■:'/>
Aviation, Inc.—New Vice Presidents—
Stringer
1942,
15,
operation
Committee—^The new monev^.wiIL.be furnished byt
-private parties, and such parties, instead of the Finance Corporation,!
are allowed to nominate one member of-the reorganization committee.!
Sinkin* Fund P*vm»nf«—The provision for sinking fund, payments on>
-
be
to
par
pledged
Manufacturers
V.
also
the |
Reorgani/alion
first mortgage is changed
R.
additional
an
Bonds—As long aSi
outstanding the maximum!
are
amounts paid
directors
\
-•■
of
secured
note
or
City,
will until 3 P. M. (EWT)
on May 6 receive bids for the sale
to it
of first lien cumulative income bonds due July 1, 1958, at prices not
exceeding par and interest, up to an amount sufficient to exhaust
Mortgage
money
Betterments—During
board
X-
Allied Owners
one
available
from
bonds
been-appointed a Vice-President in charge
of
traffic advertising and public relations.
Major H. R. Bazley has
been named Vice-President in charge of operations.—V. 154, p. 1725.
j
First
New
new
addition to
mortgage
$271,407 to be
§No
be
to
American
Harry
I
years i
of
the
the Finance Corporation;—V.; 153, • p. 234.
£
A11
,
for in the plan or by a:
new first mortgage bonds. „\. ^v
plan. $75,000 of available net income
one
i discretion
what,
in
first
$347,625
Corporation.
<
may be- out-)
time, in addition to such bonds as may bei
j pledged as security for the notes shall not exceed $350,000 and not
•.first, mortgage bonds shall be issued without the prior consent
of
the holders of the notes as long as any of the notes are outstanding.
at
of
$261,797
^Including
be given to
to
} principal amount of new first mortgage bonds which
standing
the
J.
Charles
provided
amount of
Amount
notes issued for
! any of the
same
by
cluding $347,625
*
be secured in the
$130,449
—
contingent interest note of
to
•date and to
77,359
of railway operating revenues ($1,000,000 estimated).
tTechhowever, on reorganization the capital structure would be
$3,151,157.
.
amount of the note.
X'XXX'X''XXXXX" )
Withdraw Collateral—The provision that the reorganized/
,* company shall have the right to withdraw collateral in proportion to /
.payments made in reduction of the principal amount of the note to;
be issued to the Finance Corporation for its-claim is-eliminated from
/the plan.'
1
v,,v
-.v'
v-. ' i
i
"• Effective
Date—The effective date of
the plan is changed from,
•Jan. 1.
1941, to Jan. 1, 1942.
XX-vX'/vX
;■
:
New
Money—The amount of new money to be borrowed is limited !•
to $261,797. for which 4% notes would be issued, the amount borrowed ,
to be repaid, over a. period
of five years, with the, right to make,
additional principal payments on any semi-annual interest
payment]
Right
15,000
f$3,575.000
-
]
: principal
*
;
-
the $1,371,459 of second
mortgage income bonds actually to be outstanding in the hands of the
public, and the $1,246,494 of common stock to be outstanding, total
income, in i
for all previous
sai<L $1.29: a, share, on
the dividend rights, not
but as well those of the
holders of our common shares.
That such rights may be clarified
and authoritatively determined, your company has • concluded, in the
interests of both classes of its stock, promptly: to appeal from the
court's ruling and to have such appeal decided at the earliest posXsible date."
■■
;
•
| !
I
i *
*
Receives Order—
•
>
thereby, the $271,407 contingent interest note,
"
any
the
"Obviously, the. question involved affects
only of the holders of our preferred shares
2,618
tl,719,084
-
*2Va%
The
interest
for .1938
stock.
ferred
; "
,
bonds
represented
to-be-issued |
note
all: unpaid
pay
current
on
changed, but
is not
to
income
mortgage
nically,
RR.-—Reorganization
collateral
as
claim
necessary
of: 4%
rate
shall
deposited
be
and
determination
*25,000
annual pay-
l
_
corporation
that
:to
to
notes___—___
securing
!
a
stock
common
permitted to pay the dividend on the common stock
have paid or provided for, for
1936, the amount of
if any,; on the preferred ;stock resulting from the master's
not
shall
dividends,
,
I
!
supplemental report, issued early in March, modified i:
the plan of reorganization - approved June 25, 1941, in the following t
-particulars:
-"*
X"V Interest on Note of the Finance Corporation—The right of the \
Finance Corporation to collect the earnings on the income bonds and t
ICC
bonds
on
Total
Hearing On Sale—
The
$10,472
§ Common stock'
Chief Justice R. .S.; Robertson.- after, hearing - an application on behalf |
; of the liquidator for leave to
appeal to the Judicial Committee of the ;
'Privy Council against a judgment upholding a judgment of the Ontario j
Appellate Court of Justice Middleton ordering that the assets of com-pany
be sold, decided to refer the matter to the whole Court of j
Appeal.
The hearing was scheduled for April 10.—V. 155, p. 1207.
Modified—
$261,797
———
iSecond
1, 1932, and subsequent coupons.-
Alabama, Tennessee & Northern
Charges
Payments to capital fund
;X
<
Annual
Amount
is
it
until
i
\
will
which
dends
pany
.
J
states: "Under the court's ruling as it now stands,
until the proceedings before ;the master have been
be unable to determine the precise amount of divi¬
will be payable on the preferred stock, and the com-
Hardy
company,
concluded,
'
"flat,"
in
the
are
bonds or note secured by such
mortgage
Additions and betterments, average
raent .for five years-.,
States
11-2-283,'
:
dealt
be
to
continue
:v.-r>v ''si
*-•.
new
MISCELLANEOUS
-
Mr.
■j.
-
the new capital structure of the reorganized com¬
annual charges will be substantially as follows:
plan
Sinking fund
Regulations of the
obtain
Control
the
-delivery must carry the June
*
2.426
■'
--r
........
.
$100 in Canadian funds a/c of principal" shall be made on the basis f
a percentage of the original principal
amount of the bond $1,000); <
i
H465.27
X-X:./
the United States for the payment
Principal
of
■
62,419,288,420.28
1942—This month...----t-.
Mar. 31.
X;
clarifying
amendments
Corporation.
X
.
?
!
2.404
INSURANCE
•
1
and
the
and the
pany
First
of
Board rate at a Canadian
branch of any Canadian chartered bank.
If you desire to take advan¬
tage of this rate, which is today 11% premium (approximately $90.09
U. S. for $100 Canadian), your check may be sent to the agency of
The Royal Bank of Canada, 68 William St., New York, which will remit
to you or to your banker in United States dollars at the Control Board
rate current on the day of receipt, less a small handling charge.'^Xy
The Exchange directs that the bonds dealt in as "stamped bond•holder's claim partly paid," be quoted ex the above payment of $100
in Canadian funds per $1,000 bond on Wednesday, April 15, 1942:
That beginning" Wednesday, April 15, 1942, Exchange contracts in
the bopds may be made as follows:
f fijXXi r-"V/.; X'' *"; •> ■£
"Stamped as to payments of $130 and $100 in Canadian funds a/c
of principal";
' <
>
"Pl^in";
: .
' >
--.a
-1
*
:"X That bids and offers shall he considered as being for bonds "stamped
fas. to payments of $130 and $100 in, Canadian funds a/c of principal"
unless otherwise specified at the time of contract;
That bids and offers in bonds "stamped as to payments of $130 and
conversion
1
Finance
bonds
relative to residents
the checks:
"Residents of the United States are entitled under
*
*
the
ij
XXXXXX/
Co.
following
The
>
of
suggestion
j
the
on
Farmers Trust
■
principal of the bonds. X
minor
Amendments—Some
the
at
INDUSTRIAL I-
-
of-the
Clarifying
made
of Ontario payment of $100 in Canadian
each $1,000 first mortgage gold
of
funds
i
3.750
2.529
b465.34
16.026.087.087.07
Corporation! and Investment News
*
ThefrNew
order
X
■"129.66
a3o4.96
62.380,505,166.43
demand of 3,666,000 barrels estimated by the
PUBLIC UTILITY
-
Hu^hg—
X
4.196
47.172,888,619,22
debt.i....w.-
Dec. 31, 1939—Lowest post-war
flow of crude oil for the week
-'X-xXxXy,
2.395
Feb. 28, 1942—Last month...
barrels to 3,418,300 barrelsr^TOTlsxcompared
■
12.36
250.18
Mar. 31. 1941-tA year ago....
development was the major factor in the slump in
United States Bureau of Mines.
'
1,282.0*4.346.28
J..
Ai«. 31. 1919—Highest war debt...
during the April 4 week:in Texas
with April
4 under
c
%
26,596,701,648.01
i Mar. 31, 1917—Pre-war debt...
by refineries in accordance
of 401,550
Jnt.'y,
S
The loss also reflected in part the
the nation's daily average
V J
puted
Capita
Kale
for the Lone Star State off 364,000 barrels.
sent output
on
V\'
Com¬
Per
Amount
105,149,000 barrels in reflection of curtailed
to
X.
.
H?,
>6/
'
to
Two shutdown days
trading
Aug.
on
'X
.
v.
Gross Public f>ebt
Date
with the wishes of the Office of Petroleum Coordination.
This
26,In New York, exchange
»*
.
was
Shanghai
Italy,
Exchange
has; been suspended by Govern¬
China; and Japan
011
European countries.-
of the invaded
any
oil
crude
running of more fuel oil
X/'/X/X
.
-or
other refined'
gasoline and
,
XX-.,XXXX:-''.'.X
>
i
;>••'• {,
iXtf/
•?.' .O '
.XK'X'/X'.. ••X: "//X X"/XX/!.!ii'Vi'".'.
"V :V■ Tis:"
In London, exchange is not quoted on Germany,
(On the basis of daily Treasury statements)
1
off 3.3 points with daily average
stills dropping 152,000 barrels io
of capacity,
75%
refinery operations.;
V'/.V11 i/:XtXXXi'vXyX
-X' •:" ■"■
,
refinery activities during the initial week of April,
barrels
/
.
j
>
holdings of heavy fuel oils, the nation's stocks of finished
and unfinished motor fuel showed a decline of 475,000
dollar); Australia, 3.2150-3.2280; New Zealand,
States
X
3,515,000 barrels., rX'irX X/-7-XX v;XX •'• •.YlX'X.X ' X'XX'X XxXyx'X
Although gasoline inventories on the East Coast re¬
versed their recent trend to show a small gain as did
Canada,
per
I
>
operations dropping to the lowest' point in months.
The
American Petroleum Institute report showed operations
$4.03xk and $4.04. y
runs
tinue
of
volume
Comparative Public Debt Statement
'S't-X.
1
products consumption in the populous East Coast area
resulting from the war transportation bottleneck was
felt in
•
Monday, April 13, 1942
THE COMMERCIAL & FINANCIAL CHRONICLE
lsdo
pay
V.
t
153,
to
$3.89
me~t
of
p.
dividends
235).
per
the
on
The court held
that the preferred stock was
J.
difference
of
$1.29.
;
.
.
entitled!
share, in 1938, instead of the $2.60 paid and ordered .pay-(
$12.50 per share.
-
^
§Since June 30, 1938.—^V.'ISS,
p. 257.'--,
t;r
■•■•■'««'
j
President of the company, in a letter to stock-;
•holders on:April
8 announced that an appeal will be taken fromy
the Chancery Court of New Jersey decision
enjoining common divi- j.
dends until
certain
pavments have been made on preferred ktock j
for the years 1936 and 1938.
'.X
" •' ^7 "-"X./
:
X
Charles
sented
Hsrdy,
American
Sugar Refining Co.—Annual Report—
-
• -? v
"
Company
$5,417,513,
X
*,
in its report for 1941/shows'consolidated, net-fncqme of
equal-after preferred dividends to $5l04 a share on the
;
(Continued
on page
1502)
•
' y •;; /■
-
yolume 155
■<■.-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
-
f,Y1'
.
'j-
1
■
READINGTQMPANY
'
..
iV
1
,
^
,
•» (
* *
■«%
V •
"
if
V"
1
'*» » ' trM
V
-•
■
ji
,
,
'
.
>it.
k
Forty-Fourth Annual Report—For the Year Ended December 31,1941
"
Philadelphia,
the
To
/The
'
the,
Board
of
operations
December
•5
the
Companyo for
the
anthracite
in
and
Increase or
1940
Deferred
86:51 % •»,:
69:05 %4 *
not
2.54
'
investment
on
fixed
Earnings
bi- ;
earned-
share
of
a.ie:.
'
share
per
) 1.77"
f.tuminous.
dise,
coal,
merchan-
• -
road
and• maintaining
the
.
.
$15,768,119
"
......
Second
/#,
share
*
««*
of
$6.66
$4.59,
.
State
and
other
taxes
J'
i
Payments to other,companies
„
p
••
,
.
.yin.- excess of receipts from ' Y
hsuch companies for hire of;-.,- %
kkk
equipment and .use ;of Joint
f'
1":,
v*,.
t ...
facilities
Operating
v
,
't,
*
58%,
20%
>
■Total
26.241
charges—dnterest
>funded
'
'
-
dends
and
other
corporate
-292,054
4
0
:
c
-
$9,330,204
purposes
k
SOURCE
DISPOSITION
AND
>
OPERATING INCOME
:
.
i!
•-
'
■ <*
"
.
lT'
'
v
>
I
■"*?$
carried at
72,743,697
w
companies
,
73,964,479
-
$16,035,747
——
and
^
•' S.
.
•
193480257—6
good repair
total
The'
Item
,.
-
of
and
Total
k
"
-
Preferred
•
1
1941
Making
total
; ^ Y''
5%
..2,294,070
10,255,594
32.9
$72,463,335
$14,680,735
1940v
Freight:
-
Anthracite
1.97
23.47
21.50
Coal
Bituminous Coal
17.47
52,10
48.90
91.07
80.57
■-
18.20
Merchandise
'
-
Decreet*
;$488,099
1941
15.5
11,904
417,937
-
■
.73
3.2Q
k
.
operating
since
ratio
24.7
of
1916
*
Total
Total-;^———
Mail
•
—
kr-s
Express
All
Other
Grand
4.92
-4-^—-w-,; 4.58.
\
.52
T_—_.50
•
3.35.
F«*senfer^
kr .so
.
in the
k
f
.65
3.23
,
Direct
1941.
.36
:
which
.15
:.k
.
has been
.11
c
:
amounted
v,.,;..l2
3,912,459
kk
*
$8,869,530
-
,
The
;
'
-
•
payrolls
Yvkk.v'-'k^':
1
48,079,648
:———kv
26,556,696
—k 23,935.864
_k 24,412,509
-
July
1, 1942
24,255,189
26,959,814
-
29,499,160
—
k
1941-———————
In
Comparison of Years 1941 and 1940
Increase or
1941
Fuel
6.54
6.12
k.
Ties
k
.62
Depreciation. and
k
4.22
Retirements.
k»
*;k
.25
Damage—Freight
Other
.05
.58
.63
Rails, Frogs and Switches
.69
,
.07
.
k
4.82
.60
.25
12.99
13.26
H
.27
,
66.51
k
2.54
69.05
11.71
Apply
Balance
porate
on
Operating
Fixed Charges
,
Income
and
1, 1842
k
Retirement
Grand Total
:
Average
compares
k
-
Changes
the
100.00
100.00
-k "
,
Safety, Economy and Comfort
by Train—Use The Reading
■
'1
534,000 "56,00a
488,000
New- •'
N.
Y.
R.
P.
»
R.
Mortgage 3%
——
R.
R.
57,000
450,000
1,092,200
100
-
5%
Mortgage
&
507,000
1,092,300
u—i—
R.
Co.
Lien .Mortgage
^
.
Total
-
"V
"
*
t
■
•
826,000
174,000
——
"r
2,634,000
9,000'
2,643,000
Shamokin,
Sunbury
ft
*
Lewisburg R.
R.
Co.
-■
Second
Mortgage -5%
t
.
'
Bonds
1,000,000
...$6,276,300 $1,486,200 $4,790,100
w-_-
The
$2,634,000 outstanding Prior Lien 4Vi% Bonds mentioned above
at their principal amount and accrued interest on April 1,
1942, and Reading Company is arranging to retire the entire issue, on
callable
are
1,669
.
$392,00ff
•kkk
.
k
r
$168,600
•
1,702
1,784
1,859
1,966
that
date,
RATE
>
,
.
RETURN
OF
•.
».
,
ON
,
INVESTMENT
TRANSPORTATION
IN
1
,
USED
PROPERTY
SERVICE
IN
-
with
as
of
return
on
property investment
ended December; 31 was as follows;;
Railway Property Investment
Ended
of
for each
,k
vv-' -kn'- k k
«
the
sixteen
'
Net
I
.
.k :;
kkk Supplies and Cash
at end of Year
,ik
1926
1,045,033
1927
;
on
412,105,012
'
%
■,
5.66
$22,918,363
$405,029,274
•
'k.kr.
430,566,035
12,644,507
456,701,356
1931
;
:
4.20
17,196,521
452,617,357
17,736.926
.
4.25
17,498,156
421,818,181 P
1930
55,263
;
Return
Investment
Income
1929
Relief
$2,145,140
k
Railway
Operating
1928
—i
Rate of
'
$1,044,844
_
,
Including Material and
December
31
k"
-
'H
(
3.99
k
2.79
1.97
8,994,704
A
:kk
term
and
.
other debt
11,086,616
2.42
V
13,577,068
2.96
V
456,512,965
12,856,973
2.82
453,112,966
12.562,360
1936
.'
453,842,308
13,944,785
449,098,834
13.856.835
3.09
2.29
446,696,231
10,193,089
11,931,004
450,143,587
13,460,806
2.99
452,399,858
16,152,539
3.57
1932
^
1933
in 1940.
of $112
459,066,584
1935
$122
average
457,188,322
1934
an
long
rate
The
-
Taxes
£
during the year in the long-term
1937
and other debt
k
1938
follows:
>
Equipment
Obligations
Funded debt
$121,934,968.11
obligations incurred in 1941_
4,000.00
1940-—.
$3,445,324.33
2,172,420.00
kkkkk-YSSik
Retired
during year
Acquired for investment
$121,938,968.11
8,498,000.00
$5,617,744.33
761,424.97
444,954,175
'v
.
1939
•
1940
;
"
'
'
.
'V"'.-.
For Luxurious Comfort at No Extra
v
The
continued
loyalty of
Between Philadelphia
and New York
2.67
a
k
Directors,
EDWARD W. SCHEER,
To
Every State by Reading Freight
Ship and Travel via The Reading
More
Than
a
Century of Service
j
3.07
resourceful and seasoned personnel, as
well as the invaluable support of the security-owners and the patrons
of the Company which the Management has enjoyed in the past, will
enable it to function efficiently in the difficult wartime days ahead.
.
By order of the Board of
$4,856,319.36
Cost
Use The "Crusader"
2.77
.
V
—
$111,652,968.11
-
'
1941
1,788,000.00
,
Outstanding December 31, 1941
Travel
:
'
1,444
1,618
employee
per
occurred
Company
k;:kk:
:
First
k Prior
1,656
1,520
1,237
1,215
1,297
2.79
1.99
and
town
Bonds
The
1943
1, 1945
Out-
■<
$500,000
•:k-k;V'H;k^4%% Bonds
July
employees as follows:
Unemployment Insurance Taxes
to Philadelphia and Reading
Additional
8.08
1,
Wage
salaries, Reading Company, either volun¬
legal requirements, made payments in
t.
13.02
;
with
''
10.23
Oct.
1
—
standing
5%
Philadelphia
First
Year
and
Outstanding December 31,
to
i.-
Annual
Reading
Company
Purchase
Mortgage
—
Mortgage 5% Bonds—
The
k:
years
■
Total
v"
This
.31
Other Cor¬
Purposes
For
Y
3.03
kk.1.17
10.07
for Dividends
wages
compliance
Rents,
etc.
Railway
8.68
1.48
Railway Tax Accruals
Equipment and Joint Facility
Net
".
;-;k:
■,
account of its
Federal
of
-
in
or
on
Railroad
.
.'k';k.
Total
34,668,978 "
Amount
of Issue
The P. & R. R. R: Co. Del.
kk
Oct.'
Average
;
Association
43.18
41.41
.
Loss and
Decrease
•
Contributions
Operating Expenses:
Payrolls
——
All
1940
<
addition to
1941
k; :'-Ckk '
'
.
payroll was the highest since 1931.
The average annual
1941 was the highest of any year during tha;entire 13-year
in
tarily
-
•
■
1941
period.-
^kkkyyYk Expenditures Vk.Wk ''kkk;:
■
:'r\
$149,460
MATURITIES
Tk
'
River Terminal Exten:,v--kv- sion Purchase Money
$1,709
16,904
16,870
17,134
,14.253
15,112
15,866
17,634
'k
28,600,501 :k
—.'
-
62,100
'14,390/.'-k-w;
'
Bonds
18,451
.
27,299,491
—v
——
wage
.
21,926,351
———-
—
The
;
40,737,844
.
—
-
4.22
65,360, f>y
Bonds—
..
Ter.
Money
k k
29,561
29,037
26,808
2l;469
18,052
$50,510,938
1930—^
HPXCUktlON-A*0
5%
-
River
Co.
,
1929————--———^—---
—
'
4
Bonds
annual wage
average
Number of
—
J
The P. k R. R. R. Co. Del.
;
.
,
1931.—1——!——
$5,4QD k
—w
.
kkkkkkk'.-'
I-'?;Wages
Officers and
Year "
*'
'k
Paid kk-fi: Employees ^
.
ky.':kYkikkk:
——
k Name of Security
'
the lowest since 1916.1
was
Average number of employees per annum and
rate for the 13-year period .1929-1941:
'
^ ikkYkk
5% Bonds—
mortgage
obligations of the Reading System will
during the five-year period ending December 31, 1946:
k
Held by
Amount
Date
■■
k
it has heretofore
dividends.
ktl" >:
or
following
May ,20, .1842
the
.'
the: Dollar 'Went
together with shares of
.■
'
TVhere
and
Mortgage^
which
,
Maturity
20.1
given to those Included in the cost of materials and supplies
>■
of
charges of $169,445.
mature
116,141
Company purchased.
This tax bill was equivalent to:'
$27,121 for each day of the year; or $561 per employee; or $3.53 upon
each share of capital stock; or 12.4c out of each dollar collected from
K*
all
Railroad Company
APPROACHING
patrons; or 28.6c for each payroll dollar disbursed to 17,634 employees.
C-' * >• •'
^
c
••.. ;"k* VC;k Y
k; 'k'kk
100.60
3 Va %),
Bonds
'
Port Reading
tax bill been as high as in
$9,899,351.
These are only the defi¬
to
$108,
Bonds
The
proposed ■ retirement in 1942 of the mortgage obligations, of
Reading Company and affiliated companies for which it is responsible,
including the Prior Lien 41A% Bonds which the Company has called for
redemption on April l, 1942, will result in a further reduction in annual
interest
Company's history has its
taxes
i.oool
cash
Money
3,534,193
2,696,563
Operating .
——$52,921,507
Railway
V
..
5%
Mortgage
Purchase
interest
pay
Dividend* OA; stocks purchased^.
-
.
•
"
——_
»
.kkkYkkkk kk-'k
nitely ascertainable taxes paid directly by the Company, and no effect
-.63
■
100.00
Total
-
16,130,282
27,556,101
.
:
to
Delaware River Terminal
$1,306,737
transportation ratio of 34.63%.in 1941
Never
.
-
$6^38,561
-
<:
-
Amount
V ' : * in 1941
Road-
Expenses
m
$4,194,6071
46,000 Delaware River Terminal Extension 5% Bonds
2.3,0,9
1,634,000 Reading
Company-Jersey Central Coll, 4"/o k; :k;kfk.
'
Increase over 1940
Expended
Money
Extension
to January 1, 1956, at
lesser companies on
the
The principal operating expenditures
J
Purchase
River Terminal
on:
$108,000
.
lowest
Terminal
rental the money
as
1,242,000
of Equipment.
The
•
$93,805,333
.
certain
of
k Interest
4.3
29.4i
605,233
$15,768,119
$79,566,095
the
—
$97,999,940
the Company acquired from treasury
year
(extended
---
Maintenance
Other
•
-
i—
purchase of these securities will, in effect, result in a saving to
the Company in annual fixed charges as follows:
-
of
All
$267,^37,231 J3,598,364i
'
The
2.9
y
17,852
395,243
2,663,493
wit!} the year 1940 arerset forth;below:.: k::
Transportation
.
Bonds,
stock
25:4
$3,626,088
—
Maintenance
1941
69,989,100
CORPORATE TRANSACTIONS
River.
provided
greatest of any year since 1931.
1 r .>-■<>
...increaseor'
.JJi—4-
..
41,970,600
69,989,100'
aggregating $154,000, both due in 1942, and $1,634,000
additional Reading Company-Jersey Central Collateral* 4% Bonds/due
April 1,
1951.
In
addition, the Company bought $1,242,000 Port
Reading Railroad Company First Mortgage 5% Bonds due January 1,
properties now operated by Reading Company, although actual expendi¬
tures
for- both
maintenance
and
conducting < operations
were
the
Comparison .of Years-194l-and l940
27,991,150
41,970,600"
of- $264,038,927
decreases.
Delaware
Italics denote decrease.
and a comparison
'
i._
v
During the
$46,000
%.
Amount
.,
13,904,136
—
was
27,991,150
_•
—
Stock——,
Capitalization
denote
Delaware
Operating expenses consumed 66.51 cents of each dollar of operating
•
Stock
surplus of—
corporate
;■
14.2
:19.7
——
This
$96,417,014 $8,571,188
Company-^;k-i'nku'k
the
Stock
a
Italics
1,461,045
$2,131,071
-
revenue.
$104,988,202
After deducting this capitalization
from .net assets there- remained
a
41,455,385
1
_Grand Total
was———.
.
Preferred
Common
;::k vJ
$17,103,814
-
Mall
Other
886,103
liabilities,
reserves
capitalization of
Second
,..-:k.kvrkkk
.
Passenger.—--.
All
1,3123,025
797,672
,
.
First
,
Increase over 1940
,
Revenues
Coal
Freight
1,683,775
<
Coal
Express
-
these
-
<
Bituminous
adjusted-
yet
following:
Y-kkk v.:.C.v '
'
kY 1
^
Debt,-including bonds, »•'*/■.«.
'
k
4 '' ' f'i *J •'
equipment
obligations,
etc
$124,088,077 $127,686,381 $3,598,304\
-
„
' v
'
> '
5,933,930
«■ 4,472,885
Merchandise
-
,,.,.kkk.;;;;. ^Rteeiptt
not
consisted of the
1,305,738
2,651,701
"
-
Freight:
Anthracite
3,974,387,
Funded
.1,220,752*
$10,868,500" $5,167,247
•
3,95.7,439
kkk-v- -v""...
;
5,182,504
82,564,202
.83,887,227
,
others
the Company
Company had on hand fuel,
rails, ties, bridge' material and"
other
supplies
necessary
for
keeping road and equipment in
'-"kk
$7,872,636 $2,387,673'
road
.
$439,730^94 5438,468,970.51f26i,324;
Investment*
Company had cash
Railroad
of
"/
AftekdedluctlnLg^these. items: from tr',.--^/ ^
the total assets there remained
k
*
r available
capital net assets of-J $36'2,038,$67 .$361,442,56ik.$596,303
L—$366,986,597 $364,504,491 $2,482,106
>/kkk^kk •k^'-r-
YY GENERAL REMARKS
■■k.k:v!k
Where'the Dollar Came From *
depreciation
"
The
$10,260,309
1
9,156,891
not due_
.
'^]Y
and
cars
'I
had' in-kk'kkbonds andv
.•
-
y
but'
-
but
others
k, credits
"k Decrease
'
k
to
The
The following table affords a ready comparison' of revenues, derived,
from the operation of the property in 1941 and 1940:-.'
•
- k
,
t-'kk-: '■'k-vi'k.'-'
'
;
'
stocks,
k
'
,
and
equipment'
■
:
(All Figures Shown in Cents)
:y::.kkk?:;
COMPANY'S
READING
OF
45%
$2,902,987
$6,427,217
.'M940-
•,
The
Net Income available for divi"
in
for
/.-k"
and
k 1
increase or
■■
-k' 1941
•
owed
k
'
/*
'
8,015,260
8,307,3141.
for leased railroads, etc.—
18%
$2,610,933
$14,734,531
"
on
paid
debt. vrentals
and
:■
deduc
tions for fixed, charges— $17,345,464
Fixed
•
^
passenger
fixed property of
the Company
notes
54,559
i;
before
V
'V
addition
'Vestments
items-^.-i-y.—k ;
l,895,481
Miscellaneous. income''•deduc*'kiY';''kkkit:
Vkk
?
$ioris997k >121,756 *
Income
other
i
In
•T-
"!
Company had investments in
k
railroad
tracks, terminal
facilities,
shops,
locomotives,
»'
;
Y*
S
ifcvai
l»®40,922 :
1
other
Gross
The
c..i,
land,
$16,152,539 $13,460,806- $2,691,733
securities,'property^rentals
and
•
k*
27,863
/
Deferred liabilities, including items
.
.
, ,
for materials,
balances to
owed
wages
accrued
Reserve
$2.07
$4.66
—
FINANCIAL POSITION, DECG5IBER 31st-
k freight and
in
investment
from
_
Taxes
.
V:
In
come
Income
•^>.s
.t
429,113:
744,872
1,173,985
2
Railway
each
-•
'V
1
kkv'lW''';,v"
.*
.
.
'
,
fj, ' s
,»,
1,397,522
;
the Company were $467,027,069 $457,859,578 $9,167,491
of
k-; not yet due
per
due
?■
-x
Decrease
.;,.
Com-
railroad 'companies,,
interest and
rents
accrued
and
dividend
$2.00
Italics denote decreases.
:
: ••
J
*
„
First
of
68/#'
3,777,743
\
Mi
V
.
•
•
^
Net
5,540,321
9,318,064
.
i
k
•
after
Preferred
*;
-
the
but
1,369,659
Assets
supplies,
.
•
V-:^^^}J^tv'Revenues^YW-^«iiiil''$26,644,588-$19,745,999^-•$6.$98,589y35;^
.y:'-v,vt|P«deralf
to
1
■
,
due
K" other
Com-
20%,
8,869,530
44,051,977
S2.921.507
25
requirements
.
.
mon
—
—
.
--|v.v,.,-0(*"2 rr--1*3t-'k
k
-ikVk,kk-,
property
Stock
•
i $79,566,095 $63,797,976
etc,_i
passengers,-
items
available
vThe Company
First
'
.
yet
Total
! 2.99%
[ 3.57 %
charges
per
Earnings
!v;/y,yCost* .of-.operating,.the: fail*
including
unadjusted
■k pany.,
and Second Preferred Stoclc
-ykkk
debits,
r-
and
assets
property used for trans¬
Times
13.32
1,448.69
or
Decrease
* 1940
_
of
portation service
oper-r
1,435.37
dollar
'
','yDecrease
1940
Y 1941 : >
,
of
each
Rate of return
i.'ated
tion
of
operating revenue consumed
by operating expenses—--
Increase or
Receipts from the transportai
Percentage
ended
year
1941
„
:*
Annual Report of
44th
■*,;k
road
of
of
,"kk;
its
herewith
submits
affairs
and
31, 1941:
miles
Average
Directors
Increase
1942.
March 24,
Pa.,
of Reading Company:1]
Stockholders
President.
M
>
1
-
■
1
M
1502
The net income of the domestic companies,
after v
depreciation, was $4,176,895,
of which $2,085,653 was
sugar, refining; $996,113 from cooperage,'lumber, steam-1-/
ship and miscellaneous operations, and $1,095,128 was derived from
investments.
The
company's
Cuban
subsidiary,
after
taxes and ,'f
depreciation, Contributed $1,240,617, or 23%, to the year's total net /
income,
as
contrasted with 39%
from sugar refining,
18%
from
cooperage, lumber,
steamship and miscellaneous operations and 20%
from investments.
Out of the net income a special reserve of $1,500,000 was provided for war contingencies.
Taxes, exclusive of Federal
processing taxes of over $13,000,000, amounted to $6.40 on each share
stock.
common
Arkansas Power & Light Co.—Earnings—
and
taxes
derived
Operating
the
';
io
Wi'
n ;controlled, through ownership .of . all its outstanding stock, by Kuhn,
>'\o4V:v '7 Loeb & Co-> New ;York
4^k'
-
144,871
Other; 'taxes.'
Prop, retir. res. approp.
105,000
Net
oper.
Other
(net)
KvtA one
of
,
,j,x,440,a it
:
QOQ
inannn
01 a
,
"-''k^7 AO
"
oftftnnn
1
1
generai
commodities,
over
work
net
a
of
regular
and:
routes,
together serve the principal points in Massachusetts, Rhode Island,
Connecticut, New York, Eastern Pennsylvania, New Jersey; Delaware,
*i
?na
Q4i
HA
IKK
1
Maryland,
AVAltA y icIHU,
District- '.UJbi
Ulft LJ,
IT of
the
tllU
^Columbia,
LUIUUIUIH,./' Virginia,
V JU
>
and
UNU
,
Carolina. :
Vlti XJXHia* -fysy\i;
North
J.NUA 1)11
.
' Their routes also extend from points in such area to Cleveland, Ohio;
Pa,; Nashville and Chattanooga, Tenn.; Great Falls and, 1
OHannn
l04,00q,,,.v_l,288,pj?0.>,^,28b,pqp^-;;.piUgburgh^
$268,805
$318,954
•
1,107
T;
00*
-
-
93,000
i; »
insnnn
revenues-
income
ao-y
•-jao
o™**
taxes
^;
$'•
:
'&■The cafriefs ■ operate principally as motor-vehicle common carriers
vn'«iV4TQ 14S «tn ni4
$881,360 $13,419,145 $10,034,43b
,
523,171 :
cluding direct taxes—
•Federal
stock.
common
11 ififi
$i,lbb,32«s
revenues
Operating expenses, ex¬
,
of
10/iV
iqao
Period End. Jan. 31—
from
$4,046,057
1,615
McColl,-".'S.ij.C.;,r and
$3,169,761
11,022
10,985
.
to
La.,, and
New >Orleans,
via^:;
Fla.,
Pensacola;
Atlanta,
Ga., and Montgomery, Ala., and pass through northeastern
Virginia.-They operate approximately 3,300 units of revenue'
West
,
*
F.
Joseph
Abbott,
domestic
the
President,
companies
pally
were
during
ing
depend
Our
for
earnings,"
is uncertain,
1942
the
upon
amount
will
profits
be
of
the
>
1941
:
'
!'
Net
V' :.
■
sales
:;7?
,
refining
'
margin
-
,
'
&
1940
■*>/
-^
•
$54
1938:S?i
1939
130,892,762
100,348,780
102,474,096
opers.___
7,726,378
1,201,285
5,130,850
1,063,830
> 997,735
6,194,680
5,221,058
1,950,000
1,950,000
1,950,000
'
sale
on
sub.
inactive
-
inv.
of
Federal inc.
in
60,150
(net)
$155,212
$106,290
$2,074,287
pref. stock for the period
to
949,265
operations
provision
and
ended
666,960-
'
,
,
The
:
500,000
declared
have
directors
common
stock,
April 2.
holders
31,
dividend,
&
35,000
Net
income
for
Prov.
dividends
of^per^sharft.-';-»tt':+ithe^.
"
A similar
no
y
.
3,149,993
;
69,688
1378,935
*3,080,403
450,000
450,000
450,000
shr. on com.
Earns, per
$5.04
$0.65
Nil
(par
tExclusive of $214,383 profit
provision for excess profits tax.
sale of capital
assets, which was
JDeficit.
credited
Consolidated Balance Sheet, Dec.
-
surplus."
J"
SI
'
■
Assets—
earned
to
'
•
•?
Nil
*
1941
—V.
and plants——..—'—•
67,847,107
4,147,309
4,222,552
and
estate
14,348,499
1,097,707
12,883,116
1,338,966
8,217,437
24,377
supplies
charges
—-
accounts
and
receivable
23,495
Accrued income
563,762
4,195,611
Marketable securities
Cash
16,524^96
1402.
'
-
such
stock.
plus
par
to
The
—
rates
respecting
contract
and
stock
common
of
a
involved, exclusive of any
application, of
lower
depreciation
value equal to an amount obtained
company
par
following: instances;v^l)' in the
Corp.r-^Prp.pqrties in South
of
the
Associated
of
Gas
the sale of
Electric
and
the
1,222
in
Barnwell's
applicant's
for
shares
stock
pf
to
and
stock
would
preferred
of
and
This
the
single
sale
of
Associated
consideration
of
contem¬
T '
The facilities involved will supplement the operations of the SanteeCooper power project, one of the largest public hydro-electric devel¬
largest
assets
Gas
Sundry
for
applicant's
The
other
of
assets
preferred
stockholders
applicant's
general
of
for
Reserve
declared
Dividends
Earned
contingencies
war
and taxes
Accounts
of
6,625,725
7,802,658
5,757,017
1,040,039
1
.——.7:7
payable, etc
and
outstanding——
10,131,350.
•After
depreciation,—V. 154, pyl725.
that there
It is announced
the principal
in the Bell system
was
net
The
their, statement.
The
this
the first
gain for
there
year
—V. 155, p.
directors
The
the
on
V.
declared
no
April 20.
Payments
and
recently
A
common
record
similar
the
on
1,
May
stock,
A
above
cents
50
par
each;
and
made
was
1941
Aug.
1
were
and
Feb.
on
2,
1,
$1.25
Feb.
O
v.
y
f
vf
*
+1
,
f
-■
■>
*•
>
„
'
v-A
f
'
'4
*
,
/
. ->
' ^
-
1 / ' * '
t
'
'
''
•
'
.j-.tAjv-^
American Water Works & Electric Co.,
\
"
\
t
,
Ine.—Output—
Output of electric energy of the electric properties of this company
for the week ended April 4, 1942, totaled 72,124,000 kwh., an increase
of 29.0% over the output of 55,918,500 kwh. for the
corresponding week
(
of
.
1941.
Comparative
five years
table
follows;
Week EndedMarch
;
'
output
of
electric
for
energy
the
last
'
1942 •;
-
14__
of weekly
1940
1939
1938
71,789,000
50,439,000
51,267,000
40,178,000
21
61,855,000
61,356,000
45,138,000
March
44,045,000
31,998,000
March
28__
72,625,000
62,571,000
50,632,000
45,840,000
38,212,000
72,124,000
55,919,000
49,708,000
40,686,000
39,779,000
April
-V.
4—
155,
1402.
p.
Ampco Metal, Inc., Milwaukee, Wis.—Stock Offered—
Offering of 166,667 shares of common stock (par $2.50)
at $7.50 a share by a group of 27 underwriters headed
:
;>
by Van Grant & Co., Detroit was made April 9. R. H.
Johnson & Co., Robinson, Miller &
Co., and Van Alstyne,
Noel & Co.
Company
trolled
are
greatest
part
of
specifications
of
The
under
ferrous
bronzes
which
principal underwriters.
the
alloys.
under
the
the production
trade
name
of
and
are
produces
trade
and
name
of
is reputed to be
It
of
con¬
Metal,
machined
to
the
the
line
as
of
other
other
non-
largest producer of beryllium-
stock
of
in
the
30.
addition
about
The
trustees
Parr
no
will
be
used
relieve the company's
the necessity of
from
building which
This
plant
will
fast-growing Ampco-Trode (welding rod) division
forwarding metal to various
mills
for
extrusion.
'
of
43,294
Electric. Corp.,
the
bonds
which
Net
In
sales
the
in
1941
preceding
amounted to
amounted
year.
to
Net
landing gears.
$5,275,073, compared with
profit,
after
provision
$557,614, against $239,369.—V. 155,
p.
for
$1,827,720
all
taxes,,
1301.
Anaconda Copper Mining Co.—Adds to Investments—
The
April 7 announced that it has acquired through
private purchases 408,428 shares of the capital stock of the Park Utah
Consolidated Mining Co., making its total
holding in said company
478.228 shares out of 2,901,700 shares
presently outstanding.—V. 155,
company
p. 1007.
■
on
■■
:
No
deliverable
adjustments
Southeastern's
shares;
115
stock.
-
(2)
shares
29,000
of
thereof,
2,000
the
on
under
•
•
the
made
were
contract
additional
revenue
provides
shares
of
number- of
shares
of
applicant's
stock -for
common
the
•>•
that
the
,
the
respective companies of which control would be ac¬
quired. seuch as limitations on salaries and allowances, expenditures
out of the ordinary course of business, declaration of dividends, and
dispostion of assets.- Amendments to the original agreements provide
expect
to
of
y
the
respective companies may-distribute by dividends, compensaexpense or-otherwise,-up to 20%
of their net earnings for the
.i.
>'
year .ended
Dec.; 31, -1941, ^before provision for
closing ,"©f„; the transactions, applicant
all-of
owns,
other
and
Electric
&
obligations
the
has
Gas
first
Power
preferred,
13,105 shares of 7%
shares.
Lexington Water
common
($100
Power
the
.
v
April
man
from
ity's
purchase
court
in
The
7 an
with
proceeding
restraining
lower
a
court
two
private
case
already filed in
of
similar
a
signed
order,
order
by
utilities,
Associate
action
to
pending
decision
a
or
have
be
in
cities
129
would
be
,
.
.
_
-
—
The
of
remainder
the
shares.
corporations
[mentioned
control
of
of
.,
the
of
_
.
.
.
.
'
outstanding stock (is held by
which applicant is proposing to
.
belowl.
:!• -V:••.
the
outstanding. stock was subscribed and paid for at par
to provide
funds for organization expenses and for prosecution of
the instant applications.
The subscribers have agreed that- they will
not sell or otherwise, dispose of such stock for a period of 30 months
from June 11, 1941? subject to certain exceptions in the case of all
subscribers; except Seymour.
Applicant delivered 9,000 shares of its
common
stock
engineering
volved,
would
located,
handling shipments.
result
through
and,
movement of
terminal
in
efficient
traffic. -Additional
for
be
order
to
as
disposal
of
in
facilities,
terminals
would
at
two
inbound
congestion
the proposed
terminal
would
be
others
where
an
reduce
economies
of
use
and
instance,
used
Consummation
substantial
in
more
conversations
ultimate
consolidated
use;
might
one
in
would
outbound
tentative
toward
shall
reached
companies
>
be
rearrangement- of
a
been
ex¬
expedite
established
at
where
there is- presently
insufficient traffic accruing
of the carriers to justify its maintaining such facilities.
This would be of convenience to shippers in those localities.
Some
of the
carriers, particularly Transportation; have ,been using poor
points
any
one
facilities
terminal
credit
because
undertake
to
they
have
construction
of
not
proper
had sufficient capital or
terminals, or to interest
:y
capital in such construction.
This has materially increased
the
cost
of- operation.'-with
the resources available to applicant,
it would be able to remedy that situation.
'
private
,
r
-v:'
,
Consummation
carrier
and
Issuance
thq
of
associated
of
contracts
noncarrier
Securities
for
acquisition
companies
of
would
control
require
of
the
issuance
by, applicant of; 648,643 .shares of its common stock and 39,049
of
its
preferred
shares J;-;.$4,553,543. J Of
stock, having a total par value of
of preferred and 15,472 of common,, issuable .to
.
shares, ,1,107
these
.
BarnwelL
not
stockholders
All
one
are
confusion
,
,,
acquire
In
an
some
also approved
the issuance by the company of
54,049
shares of preferred
stock
(par- $100),
and
of common stock (no par), for replacement, of out¬
standing common stock, for consummating the transaction, and for
other corporate purposes.
,
-ki
y
The report of the Commission states* in part:-.-.-*••
-J *
'+.*
'
Applicant, a Delaware corporation, was organized March 5, <,1941,
31,240
\
maintain 179 separate terminals
city 6 terminals are located, in
3 each, and in 19 cities 2 each.
as
shares
for the purpose of effectuating, the transactions proposed,
presently engaged in any business. It is authorized by its
charter
to
issue
100,000
shares
($100- par) " preferred
stock,
and
1,000,000 shares
($1 par) common stock.. It has issued,. and there
are presently outstanding, 71,480
shares of-(common stock, the largest
.'
"
single stockholder
being B. M. Seymour, its President,; who owns
presently
there
involved,, and
noncarrier
\
other
to
Commission
is
of
has\ not
the
looking
/
terminals
presently
are
carriers
of
respect to Brown,
interests
/
cities
the
•
Decision
the
the
.
exceeding
.
our approval
acquisition of
upon
approval
the Tresury, declaring that
a ^tax-free
reorganization.; «•
the
identities
and
Carthy Freight System, Inc., M. Moran Transportation Lines, Inc.,
Southeastern Motor
Lines, Inc., and Transportation, Inc., through
purchase of capital stock, and consolidation into Associated Trans- ;!
port, Inc., of the operating rights and properties of such carriers,
for ownership, management, and operation.
,> i>
not
With
towns.
11
points
of
company.
other
involved
and
in
5;
some
pense,
March 16 approved and authorized the acquisition by
of control of Arrow Carrier Corp., Barnwell Brothers,
Consolidated Motor Lines Inc., Horton Motor Lines, Inc., Mc¬
931,891
liabilities
and
on
.
of
constitutes
separate
with
carriers
terminals
company
Inc.,
the
operating
the
had
transactions
ICC
of
sole
maintained.
8
there
.
The
and
Secretary,
transaction
company's stock.
another
At
all
the
been
the
The
Associated Transport, Inc.—Control and Consolidation
the
Assistant
an
whether
would
of
the
by
to
as
Stukes,
H.
conditioned
Consolidated, Horton, McCarthy, and Moran?
upon the. Commissioner of Internal Revenue
closing-agreement, approved by the Secretary, Under¬
a
assume
become
directed
Frederick H. McDonald of Charleston to show cause April 13 whv
he should not be enjoined permanently from pressing his case until
20 days after the court decides on the action filed by Mayor F. B.
Creech of Sumter.—V. 155, p. 1402,
Taylor
is
involved
Barnwell,
into
contemplated
and
its original jurisidiction.
Justice
contract
indicated, it is proposed that, within one. year from the date of \
acquisition of stock control, applicant shall take over all of the assets
Author¬
the
halt
of
•
_
each
acquisition
As
business
Charleston
a
of
..
is further conditioned
the
former
Court
stock
secretary,
,
^
contracts.
particular
entering
first
mortgage 5s,
$2,770,500
convertible
debenture
198,145 common shares.
,
company provides wholesale and retail
electric power
service in an area covering 5,275 square miles, centering in Columbia,
S. C., as well as gas and transportation services in that city.
The
latter company
owns and
operates a hydro-electric power develop¬
ment on
the Saluda
River,
10 miles west of Columbia, and con¬
nects with its affiliate.
The Santee-Cooper Authority obtained from South Carolina State
.
the
.and
par), preferred
has a capital
$10,679,100
The
respective
Consummation
of
and
5M>& and
,
In addition, the company on behalf of the Defense
Plant Corporation
has begun the construction of another
plant for machining parts
for airplane propellers, engines and
lieu
oL
assets
to
by the general public.
held
River
prior
par
and
and
a
in
tion,
$20,000,000.-would -be-paid
primarily
has recently commenced the erection of
principally to house an extrusion press.
that-
to
(3)
be
common
to
.
according
~
t
sale
its
of
be. entitled
contract.
depreciation
would
company
shares
would
,
a
capital comprising $8,361,900
refunding mortgage 5s, $1,527,000
Shoals Power first mortgage 5s, 25,000 shares of $6 dividend
The company
The
•'
of
of
some
Carolina
castings in the country.
company's plant and equipment has been expanded substantially
during the past five years, with plant showing an increase from
approximately 30.00Q square feet to more than four times that amount.
copper
i
and
and
The
sells a
companion
Ampcoloy, as well
the
sale
Ampco
centrifugally cast and
approximately 2,500 customers.
also
company
bronzes
among the
is engaged principally in
aluminum
Gas
1
.
plan
Supreme
1941
71,715,000
the
Broad
of
1
each.—
155, p. 304.
r
transaction.
South
of
last.
follows:
as
Nov.
the
companies,
a
dividend of 50 cents per share
value, payable May 1 to holders of
distribution
issue during
is -June
to
prescribed
a
.
contract
As
of paying expenses jn Connection with the-proposed transac•
tions- "This provision of the agreements has been executeed.
V.
extenrive•• studies--/-:A number of- restrictions are imposed calculated to' preserve: the
negotiations,"
;
,
the
very
at;
stock.
common
-
! American Thermos Bottle Co*-—50-Cent Dividend-—
v
and
The
fixed
two /years -nwere.> purpose
-
.
stock.
was
■ income • taxes,
the common w
tJpon
may. withhold., 15%,,
of each class of its.stock deliverable to the
of the South
selling stockholders, to ,
Carolina Electric and Gas Co. and the Lexington Water Power Co.,
u
secure it against losses from undisclosed and contingent liabilities
and other
the two properties to be sold. -^:v;/'/. "
s
specified causes.
Such stock may be withheld for three
General Gas
is a
ye&rs but may be released sooner upon vote of two-thirds of appli- '
subsidiary of the Associated Gas and Electric'
cant's board of directors.
The contracts contemplate closing of the
Corp.?
About $1,350,000 would be paid to other Associated subsidi-.
transactions within
10 days after
aries, which own certain bonds in the two.v companies up for sale.
approval by this Commission, but
The remainder of the purchase price would be utilized by the South.; : -such time may be extended by agreement between applicant
and a
Carolina Public Service Authority to retire the securities of the two:
majority of the persons named as designees of the stockholders in.
;
1210.
$40,000,000,-some
shortly to Judge Vincent L. Leibell, presiding Judge in
Associated Gas reorganization proceedings, for authority to acquiesce
stock
year totals 322,100
1941. At the end of March
telephones in the Bell system.
19,163,400
v
in
date
closing
General
The-gain for the
1941, 123,500.
months of this
three
about
were
of
price
apply
Under
telephone subsidiaries of this company included
during the month of March, .1942,
to
in
against 371,300 for the scame period in
as
base
a
negotiations, the trustees said.
"Independent engineers were employed
required to establish the basis for
,y.■■■■•
previous month was 107,300 and for March,
at
were
gain of about 105,300 telephones in
a
arriving
spent in
10,142,226
American Telephone & Telegraph Co.—Gain in Phones
service in
deal.
the
In
118,894,932 113,565,007
'
and,
Carolina
the
make
„
1,715,000
surplus
Total
L
South
45,000,000
of
shares
1,107
common
Warehouse
shares
that
1.404
and
Moran
common
provisions
respect
holders
courts that may or may not prevent consummation
The litigation questions the power of the Authority to
purchase.
The contract also is subject to Judicial approval." The announcement
says that previous South Carolina litigation,\the
so-called $1,000,000,000 Columbia Canal suit; has been dismissed.
45,000,000
therefor
its
of
necessary
owns
"equipment,"
for delivery to its stock¬
applicant's
common
stock.
(4) The consideration for the stock of -Transportation, which com¬
pany's financial statements show deficits in net worth and income, •
was fixed
at 5,335 shares of applicant's common stock,-,- -v;
:
The selling stockholders in
qach instance .agreed to purchase at par
in the country.
The properties already are- Interconnected
the Santee-Cooper- System.
,
r v i .
According to the announcement, certain litigation is pending in
with
45,000,000
.
;
with
opments
7,745,925
1,500,000
-—7.
.
•
reserves
receive
shares
Barnwell
16,876
Warehouse, a de->.
because
a substantial
made
assets,
applicant,; in acquiring control of Barnwell Warehouse,* would,
in
effect,
reacquire the stock received by
that corporation, the
net
Public
is
Barnwell
was
other
and-15,472
the
of
ease
provisions
addition
preferred
consideration
properties'-1 in1' South
Corp.'to the South
general
Warehouse,
of
portion
.r
signed April 8* fox
was
from
Barnwell
.
'
'45,000,000
stock
stock
Common
'
;
,
plated by the trustees, according to their announcement.
Liabilities—
Preferred
.
.
are
,
30, 1941, of the particular
increase
therein
resulting from
Service Authority for a consideration of about - $40,000,000, it was announced by Denis J, Driscoll and Willard L; Thorp,
:trustees-"'of. the corporation.
.'
' •-' •'J-
118,894,932 113,565,007
—
involved,
companies
of
,
Total
stock¬
and the
employees preferred stock, which;' :/
dividends,
would' be called for
accrued
consummation
April
•
Carolina
—.—
.—;
noncarrier
,
■-
it
between
Co.—Weekly Output
Associated Gas & Electric
Carolina
13,770,290
2,253,600
——
U.:S. Treasury tax notes
into
certain
subject, to
the proposed transaction.
acquistion of the stock of the respective com-*
substantially uniform. "^The contracting stockholders of
each
compapy
would
exchange
their
stock
in such
company
for.
capital stock of .applicant in an amount determined as follows; Pre-'
ferred stock having a par value equal to 80% of the net worth, as of-
154, p. 537.
A
20,368
3,086,421
i
of
at
prior
Contracts
panies
$333,432
Carolina Involved in Sale—
599,374
14,726
.
and employees
officers
shares
■
1941
and
,
,
operations,
by. deducting from the: company's net profit for the year ' ended*
April 30, 1941, a sum equal to 6% of the par value of the preferred
stock received, and dividing the remainder by two.
The Atlantic Utility Service Corp. reports that for,, the week ended
Fractional shares
April 3 net electric output of the Associated Gas & Electric group was ***•of one-half or more would entitle the parties-to » full share, and
a fractional share, of leas than one-half would be
118,026,343 units (kwh.).
This is an increase of 14i899,198 units, or,;
disregarded.
In
determining
the consideration,
14.4%
above production of; 103,127,145 units; a year;- ago;-r*V. ; 155,
exceptions
were
made
in the
69,402,106
7,878,122
———:
Loans
Due from
$921,155
to Dec. .'31,
1940,
agreements .entered
carrier
redeemable
parture
Merchandise
Notes
—:
conducts certain con¬
1941, Arrow's
Company under a lease
properties, at a rental equal to
McCarthy
Transport
'
Terms ofProposed Transactions t
:
the
additional
is
:
Investments
Deferred
'
Associated Gas & Electric
-
•Real
HI
11942
Net sales
p.
1940
Corp.—-Sales—
3 Months Ended Feb. 28—
•
,
•No
■>:if'
337,499.
450,000
U32.478
stock
com.
Aro Equipment
3,149,993
'
(
$100)
of
outstand'g
on
3,149,993
;
224,999
.899,998 "
.
407,089
of
redemption
:'A
3,149,993
dividends
Balance, surplus
Shares
^
2,771,058
1,500,000
conting—
war
Preferred
Common
t3,444,680
5,417,513
The
applicant
;?«would- acquire all outstanding stock of each of those companies with
the exception of Arrow and Horton.
With respect to Arrow, applicantwould
acquire'all -of its common and 1,120, of 1,380 shares! out¬
standing, of its preferred stock. - Such preferred stock' (par' $100),^
is
redeemable at $105 per
share plus" accrued dividends,'-' and that
portion not purchased by applicant would be called for redemption
either
prior to or
shortly after completion of1 the purchase.
In
addition
to
the
common
stock outstanding,
all of which would be
acquired by applicant, Horton
has
issued
2,666
shares
($20 par);
employees ^preferred!
stock
and
has
received
subscriptions for 276 ■
•
-
by
,
separate
.
by
general territory covered
same
11,
From Oct.
former's
r
par value, payable April 15,, to holders of record
distribution was made on Jan. 15, last,
Payments in 1941 were as follows: Jan. 15 and April 15, $1 each,
and July 15 and Oct. 15, $1.50 each.—V. 155, p. 539.
______
miles covered by the regular routes.
Certain of such carriers also
37,884.
net
Under
Arlington Mills—$1.50 Dividend—
1,950,000;
'
is
conducted
were
$248,678
the
in
highway
operating rights and
earnings derived from: the
adjustments.
' ' ■
;
taxes of $26,721 for the current
1942, additional to the amount"
Jan.
the
tfre
949,265.
$1,125,022
Federal
for
months
12
of
$1,197,943
.
total
carriers
operations.
tract-carrier
*4,606
2,392,089
j.
7 *800,000
*1,500,000
.
11,164: /'
1,101
and the
respective
irregular' routes in the
regular-routes operations, and
their
con¬
V 722
the
operate over
228,969
$24,664
1,725,128
4,223,324
*
«
(net)—
taxes
of
1,758,440
from
lease of plant,
in the amounts of $23,769 and
in the months of January, 1942 and 1941, respectively, and
^mounts of $336,765 and $185,430 in the 12 months ended
Jan.
31,
1942
and
1941,
respectively, for transportation property
leased to a subsidiary, has been appropriated to the property retire¬
ment reserve-railway department.—V. 155, p. 1008.
97,875,431'
iv
Depreciation
-
/
requited under the - Revenue Act/of'1941.*
99,600,559
invest.
"i
229,729
Note—Rent
106,697,420
Total
Loss
month
'v
.
105,479,630
from
equipment,
$3,180,746
"1,764,227
18,199
——
^Includes
if
,
138,619,140
from
inc.
to
(Cr)
Balance
8,927,663
Profit
chgd.
income
Net
rev.
iH-.O'v /
Int.
$4,057,079
147,032'
147,011
18.560
deductions
Dividends applic.
expenses.
all
and
Costs
'* "J*/"/.
misc.
&
$270,420
.
struction
moved here.
fixed by the,
'
"
be
can
Consolidated Income Account for Calendar Years
^
•
that
sugar
Government."
V,
; $320,061
:
—
bonds
mtge.
on
int. &
Interest
Abbott, "from sugar refin¬
volume of our
business will
The
raw
by
Other
Mr.
says
controlled
income
Gross
Interest
steamship earnings.The net
less than in 1940.
The company's;
a
loss in 1940.
and
company's
outlook
"The
of the
princi¬
out that the results
than in 1940, due
points
favorable
more
lumber
income from sugar refining was
Cuban earnings contrasted with
to
and
which
connection
to
The
Transport Company, of New York City,
accounting data with respect' to the companies
data
with
were
developed by
proceedings described.
for
in¬
The^ Transport Company in
The Transport "Company is
Warehouse,
outstanding. 37,942
mon
stock, having
Yv
1941.
;
would
be
subsequently
cancelled,
thus
leaving
shares Qf preferred and 633,171, shares of com-,
a total par value of $4,427,371.
As of April 30,
.
the aggregate, net; worth._of the corporations involved,, accord
077 QttOi
molnno'
<4 litefmanfo
(Kaiv.
VvAArp
vtroc
q
n
i
books,:.;was $5,077,992.:, Alter making adjustments as.,
provided in,.tjie contracts, the aggregate net worth would be $4,900,243.
y!
Authority is sought by applicant under; Section 214 to issue
(1), "I.
stock as set .forth above to .consummate the contracts for acquisition^
of control;
(2) necessary common stock, from time to time" as: re¬
quired, in conversion of its preferred stock, and (3) 15,000 shares of
ing
to
their
preferred stock, to be offered and sold to the- public,
of
which
would- be
used
for
purposes.-:™"
working
capital
and
the proceeds
other
corporate
"
Holders of applicant's common and preferred stock would be entitled
to one vote for each
share held.; The preferred stockholders would
be
entitled to cumulative dividends, .of 6%
per, .annum
before any
dividends are paid on the common stock, and in the event of liquidation,
-to
$105
■■■
per
share plus
accumulated
dividends
before
distri-
,
■
Volume 155:
Number 4063
^
-
^
v
.
COMMERCIAL & FINANCIAL CHRONICLE
^
butlony of any amount to ; common. stockholders.
At ,the option of
the Jbolders,
preferred -stock is: convertible: into common, stock, as
follows{During the first three years from date of issue, 4 of common
for
1; of' preferred;
during the next three years;" 3.% for. 1; and
thereafter 3 for 1.
Applicant may redeem the preferred stock within
5
General Balance Sheet, Dec. 31,
-
road-extensions during current fiscal year
23,113,348
in terminal and controlled cos.—
33,994,852
from date of issue at $110 per share, and thereafter at $105.
Share,' plus accumulated dividends in each instance. - / ; ' ;
for
highest conversion
of
one
proposed
of
preferred.
to
that
At
rate,
all
convert
to
common.,
Deposits in
stock
preferred
XT.
stock
be
Warehouse,
required
to
the
convert
which
would
would
15,000 shares of
public would be sold
respect
such
to
entered
sale
into.-
shares.
has
ing
into
capital
Is
offered
to.,
no
is
427<
That
to
necessary
in
yiryLlabiMtieS-M^p^!;^
r*
Common
c
premium
upon
the
conditions:
following
oft
'
capital
Audited accounts and
{'Miscellaneous
3.533,098
—.
payable.———
payable
stock
common
-!•
—.
matured, unpaid—
Dividends matured; unpaid—_
Unmatured dividends declared-
•5
-'
be
shall
par.value. •.,!,
shall
stock
such
V.
154,
first
1374.
p.
submitted
be
to
'
-
interest
accrued.——
'
Deferred liabilities
con¬
Premium un
^
Other
v-
Topeka
vt'i--iihi-Trafflis:
Ar'A
!
unadjusted
620,628
-190,224
!4————198,789,253
88,276,415
surp.
cars
Calendar
Statistics
YeaVs/ ^ystem^^^^< y'A'-^
.4933•>
:1940;•
revenue»-r*,'-»•
30,030,485
freight car'o 4 38,907,01)6
*. '•
31,053,547
'/»<•
•
"Mr:
29,801.220
„
>.
"
u
•,:
18,760,345,000 13,082,526,000 11,700,077,134 11,172,422,784
♦Tons rev,frgt>
car'd 1 mile
-
•:Aver{revenuey'.{{.{4:{{!^
""
per ton—
$4.11
$4.55
$4.76
month
.The
Aver. rev. per
V;
the
'
0.985 cents
ton per mile
1.044eents
-
l.lll cents
1.090 cents
31.
cents;
2,336,292
2,595,556
2,707,306
3,192,993
carried™;-
V.
have, declared
stock,
common
March
No. of pass.
v;
directors
147,
25
Oct.
16,
20
20
as
cents;
and
V
1,327,690,740 .1,956,356,624
£■ 1 mile-.—
1,033,303,776
912,203,274
-
passenger..
{
$7.23
$7.04
$6.83
$7.14
..
The
the
of
of
tons
1941
-
1940
'
k
stock,
common
—V.
above includes
- - V
Dec.
29,
revetide^—225,043,649
Operating Expenses: 1
Maint. of way & Struct.
?
line
operations^——
expenses-—-
Transp. for invest, Cr-i
.
.
declared
$1,
par
Total
.
.
dividend
a
of
April
payable
10
17
cents
s
holders
to
24,348^28
35.841,738
5,740,724
59,509,400
^
91,571
4,434,681
310,105
23,72^,842
34,584,862
19.755,023
33.480,712
" 5.264,488
57,470,659
79,771
4,557,800
; ; 196,439
5,533,725
57,249,355
v
82,901
4,489,565
:
330,546
•
.
loaded
Total
: iv
&
of
record
Total
cars
.
-
91,238
94,899
257,987
;
292,442
278,631
;
—
-V.
39,071
from
V;
and
155, p.
&
1930
-
250,908
-
Operating
revenues
Cr635,104
Dr241,722
Operating
expenses.—
662,420
684,831
road
179,030
154,733
139,282
135,236
income—
325,211
348,271
£
.!
;
v
>
;
.
236,705
189,321
!
:
282,098
459,146
741,224
1,031,624
19,819
22,948
27^301
50,971
66,668
68,574
secur.
,
1,109,864
sink,
v
1942—Month—1941
1942—2 Mos.—1941
a
$1,339,735
1,090,682
$1,062,604
$2,762,311
$2,213,887
881,847
2,215,865
1,841,102
$249,053
$180,757
$546,446
$372,785
108,843
386,273
223,975
$64,180
$160,173
2,268
$73,293
$162,440
$151,172
5,488
5,188
10,977
10,377
$59,857
$68,105
$151,464
$140,796
income..
Fixed
charges
MisceTaneous
.
income
155,. p.
1210.
"50361
47,408
chandise
8,839
26,102
u,
1,557
1,595
30,352
193,406 41-
rents—
funded
debt
debt.
30,297
.
1,557
1,557
30,794 ;
33,014
165,045
141,738
13,152,998
96,647
12,923,236
149,147
188,709
12,990,944
118,038
Iy
McClure,
since
administrator
of
1939
Executive
102,164
119,936
114,101
22,712
21,158
19,263
28,089
4,481
4,377
4,486
F.
of
misc.
30,236,581
12,745,371
8,502,732
8,228,044
6,208,640
6,208,640
1,241,728
oper.
miscell.
oper.
6,208,640:
7,281,180
dividends
J.
&
V.
V.
ICC
155,
2,427,060
accessories
on
March
and
smallwares,
has
25
authorized
the
company
to
1305.
p.
Feb.
18.
No
amount
common
per
11,900
*
,
82,709
.
\
25,684
,
h
.
-
'
$9,475,049
'
$6,730,462
s:
.
1,535,402
^
150,116
.$5,683,801
t$19,966
—
-
4,673,429
'
t
;
3,505,070
3,145,890
575,510
$3,225,392
$2.88
$2,537,911
$595,476
$2.43
Nil
f
/
-
$2,801,620
$3.20
snare.
of
,
111,319
.
4,311,790
2,000,000
deduction
145,310
132,581
15,463,552
—
deduction
before
■-!!!!!■
;
-
.
—
com.
.
27,907 V
*
.
.
\ 69,641
..—
n
.
-
.
dividends
per
24,950
-.■ v
-
and
factory, administration and selling
depreciation and sundry charges.
expenses,
of
tLoss
■■.!':!
S.
Balance
Sheet, Dec.
,
.
;■
or
.
31
vv-W':
1941
1940
Treasury notes..
...
payroll
and
V-!'"'."::
$4,961,217
Canadian
taxes—:*..
income.—.—....
——.
and contingencies
($5 par)...—......———
stock
surplus
capital
Surplus———
_
$2,722,204
4,134,673
for special purposes
and
$73,505,970 $54,973,463
'■
-
expenses...
for Federal
to
'■ .'•
payable....
and
credits
Deferred
....
'■
"•-v-::
accoifhts
and
2,886,619
15,326,050
4,863,208
94,000
1.761,880
70,147
3,348,447
12,310,204
10,882,397
12,310,204
10,882,397
———22,472,835
Tot£)l
19,452,953
$73,505,970 $54,973,463
♦After
depreciation
1940.—V.
155,
reserves
of
$9,703,331
in
1941
and
$10,661,032
1117.
p.
(S. F.) Bowser & Co., Inc.—Initial Dividend—
The
share
directors
have
dividend of $3 per share
pref. stock to holders of
declared
an
initial
dividend
of
19%
cents, per
non-cumulative first preferred stock, no par
1 to holders of record April 15.—-V. 154, p. 241.
50-cent
the
on
value, payable May
^
-payment
to
$114
per
was
made
share
during
at Feb.
1,
1941.
Arrearages
1942.—V.
154,
p.
on
Brainard, Steel Corp.—Pays Extra Dividend—.
.
The
ac¬
record
were
said
6,974,816
2,427.060
2,427,060
2;427,060
$3.00
$2.69
share
the
March 31 paid an extra dividend of 10 cents per
quarterly dividend of 15 cents per share on
par $1,
to holders of record March 24,
Like
paid on Oct. 1 and Dec. 26, last year.—V. 153, p. 683.
company
Irving Osborne, Jr., President of Cornell Wood Products Co. of
Milwaukee, has been elected a director to succeed Newell B. Parsons,
.:
_
The directors have declared
a
dividend
on
$0.94'
2,427,060
.
$0.83
-
.
per
have declared an extra dividend of
10 cents per share
and the regular auarterly dividend of 20 cents per share on the capital
stock, no par value, both payable April 15. to holders of record March
31.
Like amounts were paid on Jan. 15, last, and in each of the
four
of 65 cents per share on the
stock, par $25, payable April 14 to holders of record April 7.
with 85 cents per share paid on Jan. 14, last, and $1
share in each quarter during 1941.—V. 151, p. 239.
•
This compares
were
regular
stock,
The directors
quarters of 1941.—V. 155, p. 258.
Brooklyn Union Gas Co.—New Director—
common
•
the
Bralorne Mines, Ltd.—Extra Distribution—
Belden Manufacturing Co.—New Director—
155, p. 635.
and
common
amounts
1590.
11,500
2,282,192
.
outstg.
sh. common
;
,
;>
for conting
Accrued
W.
retired.—V.
4,109,671
16,746,761
(par $100)
Earns,
49,394
31
Total
the
procure
Beverly Gas & Electric Co.—65-Cent Dividend—
'—
,
U.
'
Notes
resigned,
1582.
$8,000,000 of consolidated
gold bonds to be held in company's treasury.-—
company on March 2 paid a
of accumulations on the 6%
Ry.
sink, fund
Surplus
■'
234,794
';
——
mer¬
■.
bonds,
Shares
'
......
Corp
Earned
and
Baush Machine Tool Co.—Accumulated Dividend-rThe
count
to
dividends
& S.
y.
340,306
4,179
Income debits-
corporate income
Co.
389,257
of
to
Federal
Paid-in
Vice-President
No successor was appointed—V. 152, p.
refunding mortgage 4%
66,069
103,493
41,095
108,910
75,209
-——
"
S.
560,657
3
—
authentication and delivery of not exceeding
13,148,339
111,235
!
prop¬
oper.
loss
Common
414,680
Bangor & Aroostook RR.—Bonds Authorized—
21,876,365
22,056,289
26,391,159
properties
Net
,:;;
•;
—
11,567
Edna
effective immediately.
33,569
roads—
unfunded
Preferred
1,963,(^84
1,642,985
,.<•.•
income
Reserves
(L.) Bamberger & Co.—Resignation—
999
Miss
-
on
accruals-^-
tax
on
1,829,177
1,751,951
profits taxes..
Provision
Net
--The
Taxes
$^804,603
,
Dec.
Liabilities—
income.
12,571
7,605
50,751
52,481
v
!
•
'
"
5,751
43,738,906
Expense
$9,636,538
expenditures
for
Common
979
'
•
~25",838
——!__!
for leased
Miscell.
290,155
$27,224,767 $13,461,184
$10,044,07Q $17,106,765
7,012,607
Marketable securities, less reserves..
44,938
•
13,457
Notes and accounts receivable, less reserves.
12,754,657
6,770,902
Inventories
—...i
24,104,826
14,515,833
Borg-Warner stock—acquired at cost.——
900,425
900,425
Miscellaneous investments and other properties
417,926
541,209
♦Property, plant and equipment
15,806,498
13,386,620
Prepaid expenses and deferred charges
1,646,430
924,324
Patents
and goodwill...*..........—.....
> 773,593 ; < 813,628
2,362
$65,345
income.—.
284,741
146,689
62
Deductions:
erties,
.
$148,810
1,165
$71,913
1,380
—
Non-operating
937,248
911,199
54,326
18,060
oper.
prems.!
debt
on
$9,302,578
$2,514,448
-■,/'
f
!!!!:!^
♦After
in
on
1938
Cash
and
miscell.
of
Interest
.
;
1939
deficit.
'
t
"'755,609
■
funds——!
Miscell: inebme credits!
Int.
1940
of
assets
subs,
Marbon
.Net
but
Co.)
Baltimore Coach
! (Including;
revenues.
Operating
—V.
accts.—
and
from
res.
Separately
$7,768,420
333,960
losses...
■■!
«
1,632,284
unfunded
from
Miscell.
1942—3 Mos.—1941
Account, Years Ended Dec.
of'
Surplus
184,873
oper.
Gross
1,258,741
'
329,044
;
'
Rent
directors, sucEnglish, retired.
A.
$3,377,977 $16,034,585
sees.
reduction
for
Earns,
65,342
Period Ended Feb. 28—
Taxes
;
306,746
■
Approp.
41,273
655,173
18,026,118
of
current
Common
U.
14,988,200
19,170,866
'from'funded
from
elected
224,768
experimental work
on
-
Mar. 28, '42
43,720
31,152
vBaltimore-Transit Co;—Earnings—;
Cr599,105 Crl.492,682
income
funded
•
Sales—
400,519
____
Assets—
!:
■33,911,'213
"
Release
;
(& Subs.)—Annual Report^
Income
Consolidated
! 18,923,013;
non-operating
physical property—
Rev.
current
the,ambunt
1003.
p.
Frederick
and
1942—Month—1941
—
1403.
15,484,669
558,826
for
net
•
Week Ended
26,271
ree'd
19,220,593
•
sale
capital
Prov.
■A. excess
92,474
..
:.
connect.-.
17,159,640
34,705,262
24,017,624
lease of
securs.
$85^23
.
the
amortization
On
Prov.
158,434
—
freight
loaded
Total
Same Week
1941
April 4, '42
•
rev.
cars
ree'd
freight
rev.
loaded
Total
23,187,362
rents, net, Dr >
rent
other
155,
and
receipts
income.
Losses
rate
Feb., 1942
183,732
•
Miscell.
Income
for
.
Dominion income and
116,912
ree'd
40,347,002
Non-Operating Income:
Income
1941.—V.
profit— $26,824,248 $13,236,416
discounts
&
Prov.
166,749
Week Ended
40,546,790
Inc.
»
obsolescence, conting.
;and plant removal...
on
freight
rev.
ree'd from connects._
Net.
Dividend
operating
by
40,506,511
Equipment rents (net).
Miscell.
$477,895
$17,003
additional to
Brooks have been
B.
royalty & other
exp. of new products
Charges
for
inventory
RR.—Carloadings—
175,529
'»
Total, cars
-
y Y',
•"
from
1942,
Devel.,
'
Inc.
of
deceased,
-
of plant & equipment
! "
20
freight
rev.
cars
-
.
..
74,389,264
• 123^12
.4,660,605
! : 207,732
income
oper.
fac.
-
Consolidated
Deprec.
record
28,
share
per
March, 1942 March, 1941 March, 1930
68,132,940
27,626,429
Joint
■
1117.
p.
Canadian
-loaded
156,910,708 129,656,637 125,334,705 120,412,014
Railway
155,
Total
.
on
152, p. 1905.
Baltimore & Ohio
170,003,639 160,039,967 154,323,227
,
5,919,258
-
—-
Transportation, rail
■
28,390,640
43.634,761
;
equipment™
Traffic
General
31,
$6,782,217
♦Net
31.
Month of—
\l938
.1939,
$
$
$
'
<
$
185,127,258 136,534,625 127,530,776 124,139,642
i 22,786,021
18,492,634
18,277,823
16,896,757
& miscell.' 17,130,370
14,976^81 14,231,367 13,286,828
Passenger
Mail, express
Miscell.
E.
HoWe,
241.
p.
Interest,
-
of
of
taxes
Jan.
1941
cents.—
25
i■
,
Operating Revenues:
Freight
Maint.
B. Sutter and
sundry
share
per
*
...
Federal
ended
the Revenue Act
S. dollars at
Calendar Years, System
for
Income Account
Total
—
for
months
Lawrence
154,
f
Payments during 1941 were as follows: Jan. 8, 15 cents;
March 28, July 19 and Oct. 16, 12 cents each; and Dec. 29, 13 cents.
1.852cents
1.769 cents
1.751 cents
1.716 cents
mile
freight carried one mile shown
water ton miles, San Francisco and Galveston bays.
?
—
provision
12
Borg-Warner Corp.
;
■;
cents
-'i^
trustee,
a
V--
have
directors
March
-
pass. j)cr
.—
Bond Stores, Inc.—March
Axe^Houghton Fund, Inc*-10-Cent Dividend-
,
Aver. rev. per
♦Number
{429,174
*—» ■ "" '
■
•
Aver. rev. per
-
429,174
under
ceeding
—V.
Pass. carried
'%
applic. to pref. stocks for the period
1 1 ■ ■
$88,826
Birtman Electric Co.—New Directors—
—V.
to holders of
follows: March
17
during
cents;
' ' v
1027.
p.
payable April
1941 were
$5,
par
Distributions
June 28,
of
$1,118,104
- '549,000
549,000
4,426
54,407
""1 1
Sales
^
dividend
a
45,750 "
$514,697
■•{.'
Period End. Mar. 31—
•"*S"V;.Av''':>3■•*'
3,707
$1,112,629
5,475
$907,069
and
required
-Axe'>HoughtonFund "Bv lne.—20-Cerit Dividend-^
$4.17
45,750
4,486
$1,505,195
$90,606
^
.♦Includes
..
of
;
$140,387
55,237
;.{{{Balance
Harris/is
Bureau
mtge. bonds
'\.
Dividends
r
a member of the board of managers of the American
shipping, trustee of the Emigrant Industrial Savings Bank
and served as Assistant Secretary of the Treasury under Secretary
Morgenthau.—V. 155, p. 187.
' 1
'1938'
!y
6,141
~~
has been elected
600,000
/
3,707
•
$1,511,336
on
Harry
Basil Harris, President of the U. S. Lines,
the Atlantic Mutual Insurance Co.
of
.,309
.
,
395
•:?
Pe
1403.
303
(.
$140,782
«
p.
—_
539
1,344,861,460 1,316,654,052
preceding week this year.—V. 155,
600,000.
(net)—_
295,605,042
,
782,864
50,000
;.
: v.
Net income
371,767
371,768
307,402,791
266,394
751,806
66,822
"
533,625
533,625
surp.
~
5,154,456
525,916
33,297
50,000
limited-
of
"
5,582,440
71,972
Other int. & deductions
193,859,592
4,431,468
88,337,219
5?198,738
433,684
-
•
$7,920,050
64,229
income _—$139,062
185,853
credits
S
,
1942—12 Mos.—1941
•! $724,499, $8,969,064
$138,523
2,097,919
deht-!v!!^--—---u-—-
funded
in
now
...
revenues.
Interest
V,
-
Tons
2,305,108
rates
■
oper.
Gross
System car loadings week ending April 4, 1942, were 22,683
with 20,407 same week > 1941.
Received from connections
9,182 compared with 7,114 same week 1941.
Total cars moved 31,865
compared with 27,521 same week 1941. Santa Pe handled total of 30,545
Santa Fe Ry»—Annual Report—
&
•-
Other income
'
Atlantic Mutual Insurance €o.—New Trustee—
Atchison
tax
at
.
513,089
——•
investments
Net
compared
us.—
'
accrued
■■•..7-
$838,122
taxes
taxes
term
7,031,654
2,104,913
v
Accrued depreciation
-
Santa
by
!
3,104,320
3,434,671
40,411
3,416,386
——
•
*
'
-
•'
—
approved
and
■
.
Amortizat'n
-
569,279
94,671
5,531,380
—
The preferred
of
in
1,038,878
1,448,010
—
.■.y>cy..yrA
■
been
in Phones—
♦Federal
■
Ay-
without
have
'■..■••.:>
Prop, retir. res. approp.
667,409
^Unmatured rents accrued.^—
' • ?
40,542
Accrued tax. liability.-^—> .16,454,907
Other current jlabilities
3,480,150
stock shall not be issued for sale to the public,
as
proposed, until any agreement or agreements entered into, or
proposed to be entered into; by applicant for the sale or underwriting
»b)
\1,102,203
1942
$3,215,271
corporation
Other
10,739,145
16,221,881
945,360
wages
accounts
-
334,522,116
poration shall be amended so as to provide:
preferred stock, voting separately as a class,
;
for
Operating revenues,—.
Operating expenses, exeluding direct taxes,„
\
1,866,455
323,230,750
.
Interest
-
such authority applicant's articles
to exercise of
Prior
taxes
1,461,782
$2,627,540.
1,714,985
Period- End. Jan. 31-^ v;1942—Month—1941
-v
124,172,800
242,706,000
717,800
'
717,800
'
i
-1
{ Additions to property through inc. and
Funded debt retired through inc. and
of incor¬
(1) That holders of its''t Sinking; fund reserves
in the event of default >: Profit and loss balance
in
payment of dividends upon such preferred stock for twoyears
or
more, and until all dividends in arrears on such are paid, shall
{TdtaV;
be
entitled
at any
stockholders' meeting held for that purpose to
'.Carloadings—
elect a majority, of applicant's board
of directors; and (2) that it's
-
(at
1,989,177
242,706,000
stock————
grants
Ftinded debt—
:
issuance of securities - is
authority herein granted for the
the
$1,552,721
March
11,223
V-v-v.-v•-"^-!v
stock
V-Government
summation
That
$1,265,118
$4,677,053
reports u, net gain of 7,681 telephones in service
as compared
with a gain of 8,183 in» February, 1942,«and
March, 1941. •
- • As of
April 1, there were 1,488,114 bell telephones in service in
Pennsylvania, a-new high record.—V. 155, p. 1008.
r
83,384
1,670,422
4,368,834
'
The
for
.
63,651
165,742
159,540
742,303
^'f»referr^'.«tbck^i!ii-!i.:-'i!i^-^—124,172,800
*!'
applicant's capitalization would not be excessive-upon
of the consolidation upon the terms proposed. : v
That
■
2,125,098
••
Gain
.
*.Unmatured
! y'v-v. .ri V
22,186,415
receivable—-——
$4,752,638
704,343
Birmingham Electric Co.—Earnings—
of $1,500,000 is
sound financial basis upon effecting the
place it upon a
consolidation.
consolidation
10,456,434
supplies--—j£—27,770,716
$2,257,064
income.—
effect.-
1,571,086
5,603,951
accounts
$2,216,670
951,552
revenues—
♦Federal
$6,465,900 $14,299,792 $13,291,258
4,208,836
9,547,154
8,614,205
4,653,843
taxes
oper,
income
Net
$6,870,513
81,7,847
oper.
♦Net
2,420,945
—
working -capital
applicants
2,444,093
2,017,677
assets'"—!r:i—:.J
Unadjusted debits
1—1—
;A<
increase
an
1,196
_!_•
Deferred:
Barnwell
which is
.provision
in 1940, and about 33% of such net income for 1939.
for income taxes,
We find: ! :
^
10,676,116
conductors
our
stock to be issued, excluding that issued to
and
subsequently " ^retired,
would be $317,652,
of the companies' aggregate net income, after
Warehouse
f 14,382,815
597
balance
service
Interest and dividends receivable—
Othet.current assets-—■-•-•■
*
to meet its needs for such funds when the
effected.: i The annual dividend
requirement upon
preferred
about
proposed
subject to
be
and
Materials 'and
No commitment with
underwriting agreement
necessary
consolidation
all
is
It
shall
car
Net
Operating
3,135,901
35,730,042
1,140,000
receivable—.
and
Agents
that any- underwriting
agreement
approval, and the findings will
be conditioned accordingly.
Sale at par of such stock would pro¬
duce
$1,500,000, which woifld be used -to increase working capital,
to
purchase equipment, ■ and to pay outstanding' obligations.
As of
April 30,. 1941, the aggregate current assets of the companies involved
were
only slightly in excess of the current liabilities. y Each of the
carriers at
present lacks adequate ^ working capital,
which . isr at¬
tributable, hi part at least, to the recent large increase irt their
volume of business.
The addition Of $l,50Q,t)00 to applicant's work¬
entered
bills
6,728,581
2,165,000
-----,
and
Traffic
••
be
*
—„„—•
1942—2 Mos.—1941
$6,479,253 $14,314,949 $13,323,532
13,353.
.15,157
32,274
7,444
.
Operating revenues—
Operating expenses —!
;
23.608,714
6,719,486
3,078,061
25,459,051
————!!_
Loans
par.
and
made
been
securities--'----!—------
investments
Miscellaneous
less than
not
to
stock'proposed
preferred
at
-
24,148,146
Temporary cash investments
Special deposits
be
be 860,411
The
the
preferred
—
Government
S:
Other
•Cash".
stock deliverable to Barn¬
subsequently cancelled. • Eliminating
any
amount
for such purpose, the maximum number of shares of
common
stock required
for conversion purposes: would be 211,768,
and
the total amount of common stock for which authority would
common
well
of
mortgaged prop, sold—
physical property sold-——
Miscellaneous
issued, 54,049 shares/ would require jgl6,196 shares:However, it is unnecessary to authorize issuance
be
lieu
,
stock.
common
of
provided for is four shares of
rate
Pennsylvania—Earnings-
1942—Month—1941
$6,877,957
revenues
uuconectible oper. rev-
7,327,033
35,950,346
111,500
Investment
,
The
Bell Telephone Co. of
Period End. Feb. 28—
Operating
Expenses for additions and betterments and
years
per
System
'■
'V- '
-1941"
.1940
Assets"*;''1. !" ,'.$
$
Investment in road and equipment!:.——. 1,163,674,767 1,156,655,588
.
1503
■V
B.
G.
Neilson,
Vice-President,
ceed the late Adrian
has been elected
155, p. 1211.
H. Larkin.—V.
a
director
to
suc¬
: THE COMMERCIAL & FINANCIAL CHRONICLE
1504
Gross earnings
Operating
$1,498,349
1,085,819
903,812
2,236,052
155,
$1,212,277
$1,243,503
$594,537
$598,758
—.
154.
p.
f.
Co.—Shipments Continue Higher—
Bullard
of machine tools in March were 33%*
January or February, it was stated. Total shipments this
year to date equaled the total for the year 1940, and were 52 ^
of
the total for the year 1941.-—V, 155, p. 914.
by
Shipments
this
//.,/■
.
Week
April 3
on
Total
The
amount
stock,
with $2
pares
Dec.
1,
on
$1
per
paid on
on
22.
Other
$435,215
$4,878,752
65,082
155, p. 1118.
Chicago, 111.—V.
2,999
of
accumulations
of
record
$88,009
(net;-—
21
15
$89,922
$88,024
18,958
18,958
1,215
758
earnings
,
$413,063
189,314.-I -298,035
$235,4X9
expenses
$223,752
155,
914.
p.
par value
„
.
followed
by
Operating
dividend of 70 cents per share on the
stock, payable May 1 to holders of record April
was made on May 1, last year, which was
payment of $1.20 per share on Nov. 1, 1941.—V. 154,
77.—V.
u/
,
j
March 31—
—.
?
1404.
p.
i..
into
went
announced
established
that
an
March
in
at
on
'
'
adoption
<
of
tax;
income
business
will
of
that
follow
company
;i404.
..V,..-
.
Celotex
to
-x:,; v
.
Corp.~~New; Director-
Christensen,
dean
of
the
Agriculture, has been elected
$543,229
Christensen
Mr.
Hearing
war
Ohio
&
Co.—-
Ry.
'
$544,235
245,000
$634,727
C
1,481
3,793
18,928 v ;
-
To
.■
$252,532'
227,136
;
also
is
a
member
who has gone into Government
the
board
of
of
trustees
.
v..
April
8
on
stock of the South Coast Corp.
In application filed last
the consideration of the sale was placed at $344,470. Celo¬
tex proposes to pay $172,470 of purchase price in cash and remaining
New
/ '/v V-S/ /40
1404.
Central Power & Light Co.—To Offer
semi-annual
maturities
varying
from $150,000 to
The
proceeds to the extent, required
tion
of
are
to
be
X
■
Pere
■"•/
•;
$550,000
amount.
in
the redemp¬
balance of approxi¬
applied
its
to
to
Notes
12
and
$350,000
the
in
the
maturities
principal
$3,475,000,
purchased
waukee.
accrued
by
The
be
to
are
the
Northwestern
comprising
the
notes
interest
are
from
of
amount
purchased
to
April
$2,425,000
by
last
First
eight
Mutual
be
sold
1,
1942.
at
Bank,
maturities,
Life
their
comprising
National
Insurance
principal
the first
Chicago,
are
to
Co:,
amount,
be
Mil¬
plus
in
The
5.273 '
by
the
6,424
::
.
—V.
•:
4
1940.—V.
155, p.
.
'
•'*
'
Telephone Co. (Bait.)—Gain ^
Chieago Flexible Shaft
Co.—Earnings—
"Net
profit
"After
—V. 155,
charges",
p.
915.
—•
-
-
but before Federal income
:
'
..
,
.
391,223
and excess profits taxes.
/
'
j •
\
„
.
3,481,572
<
,
• -
;/
2,216,685
503,528
•
v.
:
<:
to holders, of securities of the road
the company proposed by the ICC
N. Brown," Chairman, says in his
of
excess
disproportionate share of the earnings to Federal
income
profits taxes, so that the return the creditors will receive
offered to them under the new plan is altogether
securities
the
-1
sufficient to pay in full the 1941 interest
on
all of the presently outstanding securities, full dividends on the
present preferred stocks and to leave something over for the present
common.
Under the Commission's plan, the 1941 earnings would pay
a return on abotlt 38.5%
of the greatly reduced amount of new securi¬
ties and the Commission's new preferred and common stocks, consti¬
tuting 61.5% of the new capitalization, would receive no return what¬
1941
"The
earnings were
'
prospect
of a
return
■
"
would be much less than that of the
present preferred and common stocks, which the Commission has elimi¬
nated as worthless.' Under the present revenue laws, this is the in¬
effect of the Commission's plan.
We contend that such a
evitable
plan should not be sanctioned by
security-holder."—V. 155, p. 1405..
Chicago
1941
$2,071,993
506,608
«
197,709
12,303,315
the courts
or
accepted
by any
;
1942
$3,575,215
12 Weeks Ended Mar. 21—
3,512,174
'1,928,838
5,202,736
:
tax-laws wilPprove costly
"Their
in 1941 and 6,045 in the same period
,
- << -.V t.... •
-.'; -' ^
Sales
/
17,506,109 .13,404,454
—
income—
inadequate.
46,224
with 9,453
636.
•1,092,491
869,467
J
ever.
compared
$5,992,872
1,664,862
within
and
on
had a net gain of 2,956 stations during March com¬
pared with 3,690 in March, 1941, and 2,301 in March, 1940.
For the
first three months of the year, the company had a net gain of 8,772
Of
railway
entirely
an
•
.20,278
57,403
$6,505,774
proposed," Mr. Brown states, "the reorganization is not tax
the meaning of the internal revenue code; The combined
the reduction in total capitalization and the reduction in
interest-bearing debt prescribed in the Commission's plan Is to subject
86,655*
51,057
1940 ;
"As
effect
•
" \
fV:;
1,829,571
—.
plan of reorganization for
goes
through unchanged, Edward
report for 1941.
./ :/ 28,035
58,620
25,946
*
Date
,
the
free
27,646
27,180
to
.1941
1942
Opposition To ICC Plan Urged—
if
April 5/41
27,088
2,698,805
1/
income—
railway————.
oper.
ry.
Mar. 28,'42
$8,581,050
railway—
from
-/The
company
stations,
life
//*
Year
for Month of February and
railway—
oper.
from
Net
.
//;
April 4,'42
26.590
.
.
From Jan. 1—
Phones—
The
from
ry.
Gross
134,958
165,413
29,757
—
'
—^^—----.-4.--
from
Net
^
22,249
Chesapeake & Potomac
In
..:
:-
loaded
Net
—^
—28,808
1405.
and
F.
1405.:''/•
Net
84,913
-
155, p.
companies
Corp., acting on behalf of itself and Harriman
S. Moseley & Co.. and. Kidder, Peabody & Co.,
On this basis the average annual cost of the
the railway trustee will be approximately 2.46%.—W155,.
Inc.,
t-Vv,/:.
/;/ 11,465
—Month of——
-- - - -
trust
been accepted.
f///;hEarnings
6,281
13,306
\ 165,532
'
/i.1:
banks,
bankers,
Chicago Rock Island & Pacific Ry.-~Carloadings
Cars
; 5,184
.7 26,483
58,430
"■
141
Boston
First
and'has
:
connections:
and sold at 100.284 and accrued divi¬
certain equipment. /:/
procurement of
companies
Ripley & Co.,
,
,
'
6,261 '
-
from
the
23,004 /,
-
,/ 6,882
-
67,806
Marquette Ry.—
Received
obligation and
to bid for the purchase of the certificates, the
bidders being required
to name the rate of dividends to be borne
thereby in multiples of Va of 1 % per annum. , In response thereto
three bids representing 17 parties were received./ The best bid. 100.284
and accrued dividends, based on a rate of 2Ve.9k.per annum, was made
...
-
assume
Commission states:
invited
trustee
The
insurance
: ;
,
>
the company to
trustee,
as
with
connection
report of the
Week Ended—
18,914 /
—i-—_ /98,930
Total
$5,900,000 Notes
outstanding serikl debentures and the
to the making of necessary additions and exten¬
fixed property of the company.
The
company
has outstanding,
in
addition
to other
securities,
$5,550,000 of serial debentures, 2%, 2 V4%, 2Va%, 23A%
and 3#,
due serially Aug. 15, 1942, to Aug. 15, 1946.
sions
-
—i.—31,124
Originated
Company in an application filed with the Securities and Exchange
Commission, proposes to Issue and sell $5,900,000 unsecured notes,
2V2%, 23/*fc
and 3%, due serially Aug. 1, 1942-April 1,
1952, in
mately
(
recently authorized
proceeds to
7,418
15,586
,
connection-^—I
from
Received
Total
$172,000 by a promissory note payable one year from date of purchase.
p.
15,877
.
—
Originated
common
155,
approximately $18,000,000 will be used for
$17,600,000 for maintenance and im¬
equipment and $10,275,000 for the purchase of
of existing
ICC
dends
.
5.974
12,940,
-
York, Chicago & St..Louis RR.
*
structure,
and
National Bank,
Salle
March, 1942 March, 1941 Feb., 1942
—.112,375
114,442 /• / 94,681 / :
connections--^—' 53,157
50,971
40,277
XNickel Plate Road)—
-•
Equipment Trust Certificates—
The
?
' "
'
11,534
Total
.
29,058
liability in respect of not exceeding $3,750,000 second equipment trust
of 1942,
2Va% equipment tru$t certificates, to be issued by the La
the X
,,
/
amount,
track
freight equipment
new
_r
'
,.5,
Received from
'
^
of
Stock Acquisition—
hearing
'
7,315 -1
—
-
held
SEC
'
'23,192
Chesapeake & Ohio Ry.—•
Originated
;
-
,
;
42,146
Monthly Carloadings^---
.
on
22,693
30,886
?.■///•'-/'
total
the
provement
13,670
& St. Louis RR. Co.'
Total
University of Wisconsin College
to fill the vacancy caused
;
-
company
Of
28,476
10,101
17,067
11,991
improvement
roadway
227,136
12,592
*
13.439
12,447
33,373
cars
officer.,
$349,525
38,976
i.'—
from connections
20,911
will spend $46,000,000 in 1942 for the maintenance
of roadways and existing equipment and £or the
purchase of new equipment, according to R. L. Williams, chief executive
14,789
12,347
—
Received
155,
i
—
v
Mar. 28, '42 April 5, '41
12.462
-—
The
and
April 4, '42 April 5.'41 Mar. 28,'42
1
Marquette Ry. Co.—
./ April 4, '42
-
..
Spend $46,000,000 in 1942—
Gross
December,
—V;
.
•
Total
;
25,413
26,629
'Originated
/
"/>/
reorganization Is now pending, the petitions stated,
proposed reorganization a plan could be formulated
the railroad from the equity receivership.—rV. 150, p. 4121.
•
245,000
15,384
■;
31.319
$33,461
'
Crowl also stated he
.
the
remove
4,612
20,417
——
—
Pere
:
application of corporation and
Phoenix Securities Corp. to exempt from provisions of the Investment
Company Act of 1940 the sale by Phoenix to Celotex of 93,100 shares/,
of
$1,500,000.
Connecting line
•
Total
7*2
Foundation
The
Jr.,
of
plan
under
On line
$630,115
1.006
,
r
director
a
by the resignation of L.-R. Boulware,
war
service at Washington. Farm
Crowl,
Chicago & North Western Ry.—Carloadings—
152,540
18,928
•
L.
Chris
of
-
unpaid
Week Ended—
$59,152
; ;
(Nickel Plate Road)—•
Originated
—1*
Received from connections——
'
V
; •/
filed petitions in Federal Court,
the road under the Federal bank¬
19,639
168
$9,858
,krY;.' Chic."*
:s:
Higher—
proportion of the company's" total business devoted to
purposes is growing every day, stockholders were informed.—V.
..'
•
/•
p.
The
P.
F^. W.
in
$25,000,000.
No
.
174,190
173,388
.19,166
20,417
Total
not necessarily mean that the whole year
He added, however, that the outlook was en¬
trend.
couraging..
29,229
29,389
29,457
V
' 9,262
petitioners
than
116,137
190,713
: 1,165
8,437
requirements-..
and
$440,000
The
well ahead of the first quarter of >
was
; 8,857
8,973
■
$39,877
income
div.
-»
that * does
but
year,
the
,
/
:
Hearing Set—
Chicago
creditors have
asking reorganization of
272,032.
*:
$58,984
'■
interest—net-^
Chesapeake
Dr. Camille Dreyfus, President, on .April 8 stated that the first quar¬
last
20,372
20,127
20,484
interest due him.///
filed two petitions, under which the proposed reor¬
ganization could be carried out under either Chapter 10 of the new
bankruptcy laws govering corporation reorganizations, or under Sec¬
tion 77 governing railroad organizations,
.u ,
The petitions asserted that the railroad had paid no interest on
its securities for
many
years,
that although its book assets were
listed
at $46,500,000
the actual value of the assets was no more
had
.
..,$43,253
income
Originated
See, "Chronicle,Thursday, April 9.—V. 152, p. 262.
ter's
totaled
29,389; and
':'//' /://■''
days)
on
$171,000,
and
>*.
,
14,520
income—
Received from connections-
..
cars
• revenue
connections
The road now is in equity receivership.
The petioners said
they owned securities of the company in; the
following
amounts:
Robert O.; Reed,
$1,100,000; Bessie G. Reed,
$2,482,492
580,313
537,526
107,041
1.523
V
19,800
inc.
Carpenter Paper Co.—Registers With SEC—
Celanese Corp. of America—Business
days)
,
311,623
,
1,348
interest 'L
Net
Carrie Blast Furnace No. 3. The Braddock and
of equal size and capacity.—V. 155, p. 1306.
are
from
laws.
ruptcy
V-/''
L
"•
15,578
12,408
Dr3,376
Pref.
*'
Furnaces
3,605
.
^ars Loaded Received from Loaded &
.Connections
Received
;
Interest Payment
Chicago,
'
Carrie
555,545
56,761
Chicago North Shore & Milwaukee RR,—Reorganiza¬
type
corporation's
received
1941
1942
,
the
'
.
(6 loading
1942
28,
Three
,
by
327,314
and
The world's record was made
area.
611,509
915,270
.
tion Asked—
1
proceedings
^
$2,685,185
586,600
753,425
11,168
April
plate production was
of the corporation's units in the Pitts¬
one
5,
the
—V. 154, p. 1592.
*
by the crew of a 100-inch
plate mill which, in turning out 72,530 tons, ex¬
Charleston & Western Carolina Ry.—Earnings—
ceeded its own previous record by over 9,000 tons.
/////;./://///
Men of two additional plate mills scored records for units of simi¬
M February-L •
• •
:
^v,1942
1941
1940 • • 1939
.
lar size.
A 140-inch 3-high single stand mill, which in January had
Gross from railway$284,029
$257,005
$215,278
$193,781
established a new record, exceeded the January figure byvi2,000. tons
Net from railway
99,102
104,239 '.f/ 58,147 66,882
to produce 34,831 tons of plates, and. a 48-inch universal* plate mill,
Net ry. oper. income-^59,189
63,773 • , ; 27,774;-v1, 36,277
in producing 22,200 tons in March, also topped its previous record,
From Jan; 1—
-"V
—^ i
v.: . .v,;
made in January, by 2,000 tons.
•.
' '/
• /, /
Gross from railway
588,841
* 520,774
448,527
394,079
In
calling attention
to
these records,
it was pointed out that
Net from railway—
215,531
217,309
127,641/ ; 133,990
numerous operating records
were broken in plants of the corporation
Net ry. oper. income—
128,987
140,891 ;
67,230
75,662
during March and /that, the whole organization is:, bending every
—V. 155, p. 1010.
effort to produce more war goods now.
s
'
"
For example, a Pittsburgh district blast furnace located at BradChesapeake & Ohio Ry.—Carloadings—
*
dock, Pa., produced in March, 42,131 net tons of pig iron, exceeding
/ - -, '
'
1 •
';
'
—
—Week Ended
by several hundred tons the world's record established in January
burgh
continuous
5,736,833
the petition of the trustees to pay $18,940,155 to security
1939, 1940 and 1941 earnings has been set for April 14
by Federal District Court Judge Igoe at Chicago.
A. N. Whitlock,
attorney for the trustees, told the court he had not yet been advised
of any opposition to the payment,—V.' 155, p; 1405/< <
-
1941—12 Mos.—1940
24,083
*
Fed.
Other deductions
for
record
world's
new
a
subsidiary,
Corp.
Steel
4,
road
/::/''//v//::v/v."V.
1942
amount
Petition
reorganization
i,
municipal..
operating
Bond
States
2,891,328
week in 1941
(6 loading
ending March 28, 1942. /
week
the
Hearing
.
$224,370
57,983
40,531
24,462
''•*;-<"-••••
securitj',
Gross
.
United
"30,235
3,134,927
Ended—on Line
4,
'
..
i $239,550
48,401
A 76,972:
12,906'
State
(incl.
Other
a
for
/' -.■.•••/
current
the
April
ending
Milwaukee
April
$733,652
the
to
'
constitutes
effect
;
'
I
Non-operating
/
Carnegie-Illinois Steel Corp.—Unit Sets Record—
corporation,
230,372
corresponding
Week
155, p. 914.
1941—Month—1940
deprec—
''
"
and
.Fed.
1942
''
1941
$6,980,000 $5,569,000
<
week
the
on
29,457
v,
<108,054
Jersey—Lease
,
for
*'■*•
■
and
,
,
$7,933,000
Ry.—Earnings—
10-Day Period Ended
Traffic earnings
8
for
additional
1942,
"
in
net
This
$5,T84
155, p. 1405, V
Maintenance
Net
Canadian Pacific
p.
257,135
1
"13,511
.
155,
$1 ,290,673
142,905
.•
3,749,887
1,055,825
,
361,760
1118.,. :
railway
1939
$1,355,949
■
railway--,-
the
29,229;
1306**
p.
155,
31,
New
Central
the
since
power
Provision
Social
$9,088,000
court
the
of
revenues
Purchased
State
/j:^/ 1941
1942
revenues
—V.
of
taxes
Jan.
of
Co.
RR.
Operation"
Canadian National Ry.—Earnings—
155,
ended
Period End. Dec. 31—
.
10-day Period End. Mar. 31—
^-V.
For
loaded
$841,706
$557,786
-
Federal
for
months
12
Section
Taxes!
Gross
9,607
"
Central Vermont Public Service Corp.—Earnings-
70-Cent
.
distribution
a
—1
-
provision
controversy
934,
p.
11,446
applic. to pref. stocks for the period
order
under
common
similar
A
15.
227,500
lease by the trustees, according to Robert V. White, President of the
Lehigh Coal & Navigation Co.//;;/"/'//■:/::. •' /■//"/'
y
:
The present order follows the decision of Judge Fake of March 25
in which he required the trustees of the Central to elect before April 9
whether to adopt or reject the lease.
The Lehigh & Susquehanna RR.,
which is the Central's line in Pennsylvania
extending from WilkesBarre and Scranton to the Delaware River, has been the Subject of
The directors have declared a
no
227,500
.
,Crl,163
Lehigh Coal & Navigation Co.
$459,589
Canadian Foreign Investment Corp., Ltd..—
Dividend—
:
191,290
''
,
17,775
:
$1,077,650
Judge Guy L. Fake in the U. S. District Court at Newark has entered
order granting the petition of the trustees of the Central to adopt
lease of the Lehigh & Susquehanna RR. and branches from the
\:////;
:
-527,536
.
1
Net ry. oper. income
the
374,097
$481,261"
from
Net
an
do not include income and excess profits
Note—Operating expenses
taxes.—V.
;
$904,786
108,054
Central
1942—2 Mos.—1941
$779,296 : $833,686
;
316,946
1940
415,359
•
.
1941
$1,475,900
income
oper
from
Gross
Granted—
Ltd.—Earnings—
$384,305
148,886
Gross earnings
Net
10,363
,
ry.
From Jan. 1—
$1,059,875
$665,840
and
This
1942—Month—1941
/"/
352,529
holders out of
1211.
Canada Northern Power Corp.,
Operating
$894,423
required under the Revenue Act of 1941,—V.
•,
16.
Period End. Feb. 28—
'
116,199
; 1942
$1,834,730
'
railway——\
from
Net
March
on
April
114,962
;
^railway—
"Deficit.—V,
$68,308
tlncludes
made on this issue, which
the dividend due Nov. 1, 1939, with interest thereon at
p.
—
$69,749
Balance
April 1, a distribution of $1.9615 was
represented
5%.—V. 155,
34,956
from
April
a dividend of
$1.9469 per share on
the preferred stock, payable May 1 to
This payment represents the sum of
accumulated and unpaid dividends due Feb. 1, 1940, together with
accrued interest thereon at 5 %.
account
holders
On
36,986
453,262
declared
have
directors
2,909
to construct.
Dividends
month
The
432,000
j—..
income
Net
//;
.
(A* M.) Byers Co.—Preferred Dividend—
155, p. 1405.
Net
489,007
447,250
on
Int. chgd.
Called—
of first mortgage
$33,000
1942—3 Mos.—1941
Chicago Milwaukee St. Paul & Pacific RR.—Loadings
bonds due March 1, 1944, have
been Called for redemption as of April 22 at 102 Vs and interest.
Pay¬
ment will be made at The First National Bank of Chicago, trustee,
of
total
427,345 :•
45,000
mtge. bonds
Other Interest
■;
A
45,714
$89,901
income
,
Interest
,
Rockford, 111.—Bonds
39,573
revenues
oper.
Gross
.
Texas.—V. 155, p. 1404.
Co.,
440,069
2,322,214
39,250
The
Knitting
24,820
received
&
February—I
limited-
of
Other income
t
2,632,679
—
term' investments
Burlington-Rock Island RR.—Abandonment—
■
ICC on March 19 issued a certificate' permitting abandonment
the company of a portion of a branch line of railroad, extending
northwesterly from Mexico to Hubbard, approximately 22.53 miles, all
214,010
retir. res. approp.
Amortizat'n
by
Burson
1942- -Month—1941
9,655
25,322
25,723
r
15,165
10,151
Chicago Great Western Ry.—Earnings—
$4,791,314
42,344
taxes
Net
in Limestone and Hill Counties,
15,171
-
.V
loaded
cars
connections—
from
.15,786
9,937."
,
._
system
on
Gross
281,172
taxes
taxes
Prop,
1490.
154, p.
1938.—V.
21,
direct
t Federal
the
A like
share
April 4,'42 Mar. 28,*42 April 5,'41
...
Period Ended March 31-
1942—12 Mos.—1941
1942—Month—1941
$520,748
revenues
cluding
which com¬
March 1, 1940, and $1 each oii March 1 and
and on Feb.
1939
of
dividend
a
May
1
T '
'
Central Arizona Light & Power Co.- -Earnings—
Period End. Jan. 31—
Operating
/
1 to holders of record April
March 10 and Dec. 15, last year,
payable
paid
was
declared
have
directors
'
cars
Commercial
"Operating expenses, ex¬
common
'
-
freight loaded
Received from connections
—V.
.
Common Dividend—
Ended—
Revenue
company
abbve either
Bunte Brothers—$1
Chicago Burlington & Quincy RR.—Carloadings->
r.(
declared a dividend of $1.75 per share on
the 7%
cumulative preferred stock and $1.50 per share on the 6%
cumulative preferred stock, both payable May 1 to holders of record
April 15. Like amounts were distributed on Feb. 2, last.
The directors also declared a payment on the dividend accumulations
in arrears of $1.16% per share on the 7% cumulative preferred stock
and $1 per share on the'6% cumulative preferred stock, also payable
May 1 to holders of record April 15. Like amounts were paid on March
3, 1942. Compare V. 155, p. 154.
$3,084,587
1,872,310,
$3,479,555
expenses
Net earnings
-V.
$1,684,577
Dividends—:;
directors
The
1942—2 Mos.—1941
1942—Month—1941
„
Accrued
Ltd.—Earnings-
British Columbia Power Corp.,
Period End. Feb. 28—
Monday, April 13, 1942
/
,
:
representing the principal \ securities in¬
Surface Lines at a special meeting April 4,
the proposed merger and reorganization of the
and Elevated properties.—p. 1405;
in
terests
voted
Surface Lines—Committee Approves Merger
Abbott
The
the
approval
Surface
committee,
Chicago
of
.Volume 155
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
k
Cincinnati New Orleans & Texas Pac. Ry.—Earning:
Yw
1942-—194r-Y'••—•1940 f' i '1 1939
February—
' * '
Gross irom railway
* $1,975,546
Net
from
'
net
ry.
railway
net
155,
$1,363,081
,449,728
450,259
378,531
3,386,342
2,994,462
1,046,632 "
330,126
972,256
756,329
'
"o
*>
'
Income
Statement
Y
""
'
•-Federal
___
income
oper. profit-Y
Other income ____;
Other
$913,692
282,094
55,472
259,563
34,139
1,704
170,359
21,910
162,865-
54,875
13,515
-
?Y'.
174,037
provision lor deprec. & retirementsfY
•
55,044
455,424,,
:
.
Operating income '...Li—..i—
Non-operating income
$421,778
_L
72
Preferred
$421,778
$382,877
Interest
Int.
long-term
on
126,750
1,942
187,243
1,680
chgd.
Other
to
construction
190,800
2,327
3,625
17,994
11,681
mium
Y---Y* ;YY
of
'*
'
Net
•
■
Profit
.'-"V
2,041
$158,512
21,836
_
-
__
Y'
-i
t
income
■
.
■
"Due
and
year,
for
tax
unusual
to
bonds
in
due
1941
deductions
loss
to
Sheet
at
1941
31.,
:
-
^ '
,
notes
construction
and
materials
and
taxes, $14,249; deferred
Y Liabilities—First
$3,900,000;
account
$25,903; prepaid insurance
$371,656; total, $8,008,169.
v
in
for
to
The
company
value,
to
r'
■7
139,
\
the
share."
per
dividend
>
paid
on
dividend
a
$7
of
$1.75
less
etc.,
'
1
Cash
U.
f
,
.
G.
A.
■
Vandervell,, managing
London,
Cleveland
the
has
England,
Graphite
" '
' i'
''
•'
licensee
The
Products, Ltd.
since
1932.
Cleveland
Administration
Vandervell. Products,
to
the
ing there,
He
replaces
Cleveland
S.
certain
Climax Molybdenum Co,
of
"V-
——
Gross cost of goods sold
Y and
selling
Admin*
inc.
"Net
Louis
155,
Accrued
Due
of
-
30,358
the
25
$9,806,474
and
§2,842,503
-1,32^,375
1,631,608
"181,549
388,480
deducts;_-
-•
1,167,142
'
153,671
39,955
17,689
28.511
$6,039,373
$10,309,586
$7,872,141
••-108,634
profits
$8,954,105
8,064,000
5,544,000
8,064,000
$890,105
$495,373
$2,245,586
JYYY $3.55
$4.09
If
$2,328,141
Y $2.40
$3.12
income
"Net
officers
to
1939,
:
i
'
deductions
discovered
increment
$3,083,475;
{Sundry
for
capital
Federal income
compensation
$366,986; ,1940,
the
in
share
paid
the
$261,340;
$3*107,543;
stock
and
taxes.,
J
.
to
.
t
YYYy
Y
Assets—
.
'
.
"
Y,
Cash
notes—Y....
'
Fixed
assets
Discovered
(net)
increment
at
Liabilities-—''
Provision Xor
*
:V'
Accounts,payable
payable
Expenses accrued,
'v
Reserves
Y
-Y'-'.*•• '33,023
________________
expenses
132,327
530,000
-
of
cash
of
in
U.
Crl00,412
y
.
-
"After
in
1940.
reserve
.for
doubtful
tRepresented
by
accounts
2,520,000
of
no
'
,
Y .Y
\
398,279
r
items
*
'
;
U.
S.
income
S.
excess
$79,159,913
tax
A
1941
and
155,
.
'
profits
1Q10.
Net
;
Clinchfield RR.—EarningsFebruary-—
---Y
1942
Gross
from
Net
from
Net,
rv.
<
railway____
-
Gross,from
from
Net
rv.
—V.
.
railway_i__:
railway,
oper.
155, p.
.
income.
$854,755
$802,530
498.784
481,725
427,941
399,356
on
Surplus
-.Earnings
per
$560,750
'
278.901
244,218
"As
,
v
:—
from
added
1,730,582
1,583.324
1,178.212
1,050.065
1,009.133
934.721
618.309
English and
-837,224
868,751
778,291
557,272
in
was
1940
to
and
tingencies.
such
subsidiaries
reserve
for
Continental
$245,610
{From
in
329,490
323,189
YY 323.189
1,962*858
1,962,858
3,129.356
1,668,241
$1.62
contingencies; dividend income
subsidiaries, aggregatjng
branches
1,429,223
.
$1.72
1941,
dividend income and profits
and branches,
aggregating $289,974,
European
1941,
10.77%
by¬
The
year. -
average -sales
price
received
company
$1,000,000
of
applied the proceeds, amount¬
on
hand, to redeem an
cash
of 20-year
debentures, thereby reducing the out¬
the
close
of business Feb. 6,
1942, to,*
at
as
'
Litigation'
.
reports
Government
of
the
decree
intending
been
to
had
that
annual
1939
adjust
arrived
'
•
Court
was
to
in
entered
.
■
''
,.
proceedings
the
Delaware
that
in
'
-
YyYY:
;;
,
made
was
District
the
in
consent
the
In
reference
for
-
court
a
in-
report it was pointed out
the
controversies
with
at
the
that an
rise to the
giving
that
Government,
was
outside
also
the
added
to
Western
Corp.,
reserve
from
the
$1,138,671
for
Hemisphere
that
that
a special master to whom the plan
the court had reported his recommendations for-
approval, and that
referred
of
the
the plan had
plan agreed to by Columbia Gas St
been submitted to the District Court,
a
by
the
plan.\ In the
court, on Jan.
as
amended
1940
annual
report
it
was
pointed
1941, had rendered an opinion approv¬
18,
subject
by
Feb.
to
the
'
law.
26,
at
the
approval
.
hearings
of, that
Commission
to
the
,
extent
' YY
1941, Columbia Gas & Electric Corp.
filed
an
1941.
con¬
whose
of
and
with
problems with respect Mp the corporate structure and
equitable redistribution of voting power among the security holders
of Panhandle Eastern Pipe Line Co. and of Columbia Oil.
There fol-r
lowed a number of hearings before the trial examiner, as well as a
Columbia Oil
of the Comin the main
was
that
Commission's
action taken up, considered and decided prior to a consideration of
the transactions involved in the plan.
The position of Columbia Oil
was
that
if the pending applications were heard and approved no
further action would be necessary under the provisions of the Public
Utility Holding Company Act.
In the meantime, on June 7.
1941, an agreement was ente^d into
between Columbia Gas & Electric Corp., Missouri-Kansas Pipe Line Co..
and Columbia Oil, intending to
adjust all the pending controversies
between those companies and providing, among other things, for the
distribution by Columbia Oil and also bv Missouri-Kansas Pipe Line Co.
of all their stockholdings in Panhandle Eastern Pipe Line Co.
The
number
;
)
arguments before the Commission, iri which
objections to the procedure which the staff
The objectionable procedure
the staff proposed to have the issues in the
of
many
mission
825,097
.:-^$3.09
tin
the
plan,
was
Corp.
4,044,760
329,490
2,944,262
•
1,928.217
326,613
Y 531.273
share
the
1,046,927 Y raised
4,283,778
'
stock
stock_'_
reported,
of
gasoline
under
the
plan.
Such
applications
were
filed
in
*
-.
" ' ■■■•
" .Y,YYa
proceeding upon the pending applications the Commission
on
Aug. 25, 1941, instituted its own proceedings and had them con¬
solidated
with the pending applications.
These proceedings of theCommission, among other things, dealt with the retainability of Pan-;
handle Eastern Pipe Line Co. in the system of Columbia Gas & Electric
7"1 Y: "
5,916,784
.
.
stock
preferred
common
previously
received
;•
1010.
pref.
$4.25
common
natural
application
with the Commission for approval of certain action which it proposed
to
take
under the plan.
Without acting upon the application, the
Commission brought on for hearing the applications which had been
filed some years before by Columbia Oil and also by Panhandle Eastern
Pipe Line Co., claiming exemption from the provisions of that Act, and
on May 27,
1941, held that Columbia Oil was a subsidiary of Columbia
Gas & Electric Corp. and that Panhandle Eastern Pipe Line Co. was a
subsidiary of Columbia Oil.
This ruling required Columbia Oil and
Panhandle Eastern Pipe Line Co. to file applications with the Com¬
mission
for approval
of the steps proposed to be taken by them
Cr28,S76Y; Crl4,639
1939
■■
500,545
-.
income___
From Jan. 1—
Net
$^18,043
1°40
.397,876
railway^_"___l
oner.
1041
plus
annual
1936.
been
On
89,390
662,668
6%
on
on
increase
an
respectively
; 6,604,891
Dividends
gallons,
gasoline ,and
62,566 gallons lower than at the close
'
approval
required
Cr2,837
..
.
10,293,449... 5,657,318
2,661,390
1,0^,927
Y:
364,500
•
profit
Dividends
by
August,
■
Foreign taxes
Dividends
;
9,747,727
motor
were
Simultaneously
debentures
that
it
$2,009
p.
to
of
preceding
$11,000,000
Instead
.
tax
of natural gasoline
gallons lower than at
gasoline and distillate sold
673,075
before the special master,
upon certain conditions, and that it was anticipated that application
would shortly be made to the
Securities and Exchange Commission
for its approval, for the reason that the plan expressly provided that
Cr458,977
Crl09,437
; Net profit, before U. S. & foreign
>;,.„4acome and excess profits taxes
in
Corp.
previous
ing
:
<
89,390
t
(net)
39,311
shares.—V.
the
$10,000,000
out
' '
242,325
*
Others
gal¬
Motor gasoline and natural gasoline by-products
1941 amounted to 9,810,293 gallons, an Increase
during
Delaware for
had
"
'
I
V-Y
Cr37,873
1
-
14,481,374
$1,009
par
in
>. §
'
Total
to
Electric
'
61,840.250
-
amounted
over
arrangement
Cr75,i07
Crl04,795
'
Minority interest in het profit of a
foreign: subsidiary
{Dividend income: from subs; and
profits-received
-
1941,'
year
47,263,905
Inventories
were
Natural
arrangement had been embodied in
•
S.. dollars J,f -
.39,311
-
.
1941
the
to
gasoline
proceedings
29,859
■:
32,065
$78,880,493
,surplus^_^__^__^________'
1940.
over
year.
during
amounted
totaled
Inventories
modification
5,943j450
the'
58,756,774
-
increment
purchased
distillate,
per
used
January,
accts.
received
•
per
filed
>"1940
29,859
•
10,756,269
of
15,770,016
stock
surplus^
and
In
Years
5,145,946
j
Building
exch, adjust,
U.
+Common
Discovered
Earned
and
of
of
.■'
999,323
_Y—T-—----r—
end
preceding
1941
motor
ing
90,347,358
53,752,368
30,651,540
1__
from/ operation
Yi
Eastern Pipe Line Co. redeemed, at par plus accrued dividends, 100,000 ;
shares class A preferred stock (par $100 each) held by Columbia Oil &
were
1940
j'i' V"'1/, ^
105;405,550
85,546,159
62,043,461
51,304,221
32,605,820
29,095,992
sales
loss
"90,615
V,
produced
previous year-.
Gasoline
previous
the
1941
•
arising from
of foreign
f subs. & branches to U. S. dollars
Adjust,
of profits
resulting from,.
^
policy of incl. foreign earns, since
Dec. 31,
1938 only to the extent,
;
66,145
280,653
: 280.653;iWr. 66.145:
2.201.
.
of
conversions
Federal^'etci,f.taxes_$3,470.71T $1,598;983?
Royalties
in
12.84%
"the
$105,405,550
of
for Calendar
YYYY
:
85,813
39,264
in 1941 was 6.22 cents per gallon, which was 3.8
gallon more than the average sales price in 1940.
During the year 1941 corporation purchased $600,000 debentures.':
These were used to meet the annual requirements of the sinking fund
which
began to operate May'l, 1941.
On Feb. 6. 1942, Panhandle
share, had been based
sales
1941
Income Account
i,'
227,079
average
cents
1940.
mills
Hemisphere
only as are the 1941
amounted ..to $1.62 a common,
sales
Foreign
$78,880,493 $79,159,913'
Total;
the
in 1941
The
standing
1941.
Palmolive
"
I
common
a
that
Years—Y"-YY:\
349,567
165,775
1940.
in
the
at
of
4.46
for
subsidiaries and branches .outside the Western Hemisphere)
Y
Net
986.283
>.
distillate
the
of
have
in
announced
Operating profit
$7,558,960
2,838,381,
$3.09
to
1940..
116,0221
; 91,322
—5,114,709 % 4,436,115
appraised val. (net)
58,756,774
61,840,250
-
826,360
v
187,629
1941
gasoline
ciose
sold
,
Calendar
Cost
Inventories;.4,842,925%,: 4,246,982
assets
1,035,943
346,109
,
$1.72
as
in the history of the company, _surpassing
of; $10.1,935,438 reached in 1939.
Operating
1,050,000
-Account^, and notes reeeivable___^_4-i---~--^-Deferred
of
Ltd.;—3-Cent Div.—-
highest
Net
.
$6,161,683
XJ. S...Defense bonds and treasury tax
r
:
••'>.->/
1941
.ii*'
,
also
•YYv't
Condensed Consolidated Balance Sheet. Dec. 31
-
Little
^Excluding
amounts:
taxes.
compared
as
record
1938,- $2,341,251.
franchise
1,143,676
1,322*458
•
1940
received
$1.49
chased
discount and doubtful accounts
$206,530 In 1940.
tRepresented
$3,327,933.
Consolidated
directly
following
to
earnings, reported
figures,
7v-'yV
charged
has-been
accounts
$1,987,5491939,
1940,
only
additional
1941,
increment
surplus
principally
taxes,
^Includes
♦
of
discovered
1941,
after
amounts
now
1940
Mr.
employees, as follows;
1938, $290,730-;
$331,620;
tDepletion
the
is
and
"31,069
1405.
annual, report to. stockholders
operations in the Western
profits for 1940 would
on
surplus
Balance,
Earnings per-share^^_
the
which
5,544,000
•—
"16,354
r
$9,400,COO.
Inc.'w-u
•*--279,521
49,124
70,461
products at the end of 1941
mailed April 7, E. H. Little,
President, announced that 1941 net profits of the company and its
subsidiaries in the
Western Hemisphere amounted to $6,604,891
or
$3.09 a common shareYOf these earnings, domestic income accounted
for
$5,801,526; foreign income $803,365.
The dividend income and
profits from subsidiaries and branches outside the Western Hemisphere,
aggregating $535,584,-were added to the reserve for contingencies
'
Dividends..,'
4,405,986
1.647.628
6,091,968
Colgate-Palmolive-Peet Co.—Annual Reportin
'19,926
V
193*9
$397,750
79,588
'
47,936.980 gallons, an increase of 16.76% over?
sales price received in 1941 for these two products
gallon, which compares with an average price of
3.74 cents per gallon in 1940.
■
Motor gasoline and natural gasoline by-products
produced and pur¬
record
of
in
the
over
1940.
stock,
common
1940
$474,533
153,202
Y 106,356
income..,
produced
was
dividend of
a
income.,,
1941
$543,497
169,901
railway.,..
railway
additional
618,886
26,447
other
4,405,986
1942
oper.
and used
300,000
thre„e cents per share on
par $1, payable in Canadian funds on April 20 to
April 1. A similar distribution was made on April
Dec. 20, 1941, and on Nov. 15, 1940.—V. 151, p. 2348.
declared
1941
$5,182,425
'
•
Wilson, Vice-President, states:
and
103,297
1,647,628
6,802,523
Willans; Gold Mines,
have
:
$620,033
railway
railway™
Natural
3,397,000
—.
to
Y; Y
including 10,197,954 gallons
lons, an increase of 11.44%
$5,318,699
directors
holders
$9,860,277
16,915
Net
173,677
-Y——•_
Cochenour
The
340,932-
.>$8,224,396 $13,010,870
YYY 26,242
Sundry
$181,778
368,115
59,447
1,280,125
300,000
3,397,000
cash
-
,
Columbia Oil & Gasoline Corp.—Annual
Report—Don
tne
—T-rr-rs*
Higher—
was
997,451 barrels,
an
increase of 99,794
production.
Oil sales during 1941 amounted to
999,630 barrels, or 105,997 barrels more than 1940 sales.
The average ?
price received for all oil sold in 1941 was $1.76 per barrel as compared
677,844
and
$76,034,139 $66,079,896
______
1942
from
Oil
not
patents
—
for
Dr464,537
of
Inc.—Sales
1010.
P.
from
.
1
$1,103,323
494,487
etc.
Stores
oper.
ry.
M.
53.8C3
iProv. for depl. of mine
taxes
163,996
137,280
2,622,556
331,574
2,893,939
reserve
12,445,683
in 1941 and $2,313,493 in
$19,523,283 in 1941 and $17,761,125,000 no par shares.—V. 154, p. 1529.
{Represented by
"Deficit.—V. 135, p.
$265,168 in 1941 and
shares of no par.
tAfter depreciation of $5,452,671 in
in 1940.
§ Arising from sale of common stock
at price in excess of stated value.—V. 155, p. 1010.
.
& excess profits taxes-
ry.
Gross
59,447
stock
amounting
1941
56,203
637,061
:
royalties,
contingencies..—
deducting
15,575,039
■
$2,128,679
reserves
from
Net
$21,278,011 $17,835,346
"After
1,126 112
12.500,000
24,999,625
From Jan. 1—
1__ $21,278,011 $17,835,346
to
1,363,804
12,500,000
shares 1
of
reserves
4,702,221
$6,886,117
155,
Net
316,854
1
;
etc.
relating
(37,163
2,137,500
24,999,625
Dr464,537
_____
_______—
depreciation
1940.
from
-
4,665,193
6,194,358
2,851,956
Total
5,230,131
$8,194,038 ,$12,954,667
620,229
{Sundry
in
over
Y
by
328,868
497,718
Federal
$3,720,387
10,037,386
stock
^Capital surplus
Earned surplus
1938
7,191,844
336,368
/
.
$12,708,728
for
currently
for
Preferred
Years
depreciation-^
Prov.
market)
payable
contracts
stock
shares)
par
417,850
2,062,500
mortgage notes
______________
Net
'"j 1940
-h
156,656
(estimated)
taxes
under
306,291
6,048,083
first
no
3,281,217
Western
Colorado & Southern Ry.~ -Earnings-
1,000,000
_■
dividend
payable
W.
$8,530,407 $13,283,535 $10,147,406
59,765
Total
1941
59,022
commissions,
the
1,700,132
1,414,979
1,381,309
5,762,719
prior years,.,
reserves
depreciation
Net
$1,579,149
-
wages,
serial
&
FebrUary—
31
•
payable
-
Preferred
1211.
p.
1939
4,390,575
"
$12,648,963
income
Prov. for
Y,-'; f'•
■
equipment
operations
trademarks,
accruals
&
$684,466
1,134,648
1,844,527
years.
240,219
and
other
current
(1,999,970
common
tAfter
Gross
Dec.
Sheet,
investments
plant
&
$831,003
3,825,776
coupons.;,.
5 Weeks Ended Mar. 28—
;
V 399,857
opers.
Balance
or
1
$76,034,139 $66,079,896
_____
Sales
' Liabilities-
British
company's
Calendar
1940
$13,048,820-
from
cost
18,087,265
'.1
6Ubsidlaries_______'_-__u
equipment,
prior
5,036,768
of
17,974,964
stock
stock,
Colonial
Y:'--YY
$60,357, and adjustment of
Canadian exchange.
-,>,>•
cost)___
bonds (at cost)
lower
(at
patents,
Salaries,
(& Subs.)—Annual Report—
7,021,205
.
and, gen'l exps,
Other
:Y
plants,
in
surplus
from
Cat
Y Total
-
complete except the
are
already operat-v
now
Account for
-
expenses..
Selling profit
662
property,
banks____*
notes
charges to
Accounts
$20,070,025 $12,920,982 $20,475,378 $15,377,537
_
idle
4%
surplus
barrels
.
Bldg.
liabilities
"After
1940.
—v.
receivable
Goodwill,
Ltd.,
directors
late
the
announced.—V.
1941
Net sales
of
idle
of
disposition
on
provided
of
4,268,497
etc
redemption of
for
gYTotal
and interest appli¬
prior year provision
taxes
processing
receivables
Deferred
on
in
Government
tCommon
Is
departments
President Ben F. Hopkins
income
loss
sale
and
Miscellaneous
■
.
plant
new
and
Y-'"YYYY'*V
of
and
reserve
on
Treasury
^Reserve
j
-
Consolidated
*
board
the
Co.
has been
company's
building
hand
on
iProperty,
......
Vandervell
■,'i
of
elected
Bronze
Greve.
in
718,960
3,546,454
taxes.
taxes.
refund
$117,096
loss
Inventories
par
no
director
been
$269,217
677,844
$1.28 [
$481,662 excess profits taxes)
1939
and $120,645 in 1938
The 1941 and 1940 figures
(including
1940,
;Y
'Accounts
Cleveland Graphite Bronze Co.—New Director, Etc.—of
$4.16
Earned
with
*'* '
\
677,844
$3.74
■
Canadian
the pref. stock last year.
on
677,844
$4.13
Consolidated
:
paid
was
677,844
;
taxes
preferred
Y
to amount
said
are
>'.■
prior year provision for depreciation of
H Includes $705,415 excess profits taxes.
Div.
share
per
stock,
pref.
Arrearages
$5,324,315
$15,457 adjustment
Canadian exchange.
of
$50,000
SIncludes
YiYYY;
"
•'
$3.50
in
years,
depreciation
Y {Includes
....
share
per
1080,.
p.
of
1st
cum.
holders of record March 27.
to
$73.50
A
—V.
31
March
on
accumulations
of
$6,091,968
$1,026,808
$147,304
prior
.
$4,501,718
$6,802,523
par)
profits
excess
tlncludes
cable
Sundry
account
(no
$382,221
include
accounts. payable and sundry ac-;
on
preferred stock, $5,833; taxes
accrued, $85,897; interest accrued, $30,929; customers' deposits, $82,-.
162; customers' advances for construction, $32,049; reserve for depre-;
ciation and retirements,
$455,161; reserve for contingencies, $12,243;
contributions in
aid
of
construction, $84,087; premium on sale
of
preferred stock, $7,692;.-5%
preferred stock (par $100), $1,400,000;common
stock
(par $85), $1,700,000; capital surplus, $94,524; earned
surplus, $70,784; total, .$8,008,169.—V. 152, p. 981.
for
Treasury
:
■■
■
■
current
commissions
Common
stock
deducting
1941,
{$4.25
133,672
"?■
1,036,981
Minority interest in capital stock & surplus of
a
foreign sub. after elimination of goodwill.
-
______
100,000
-
9,040,374
4,091,181
owing to subs, outside
Hemisphere—not consolidated
■■
Dec. 31
trade-marks,
of foreign
payable
for
Provision
$4,601,718
$5,457,987
150,000
.
17,072.129
3,610,447
Amounts
______
150,000
11,494,782
charges
—__________
Palmolive
$6,864,740. $6,159,064
§32,217
167,096
share____
per
"After
deferred
loans
Payrolls,
,
11,835
__
v
surp.,
outstanding
mortgage bonds, series A, 3V4%, due Nov. 1, 1965,
payable to American Water Works and Electric
Cleveland Automatic Machine Co.—Accumulated
-
1940
26,640,456
—_
advances
__:
Accounts
$296,886
4,292,9l97 ;
$956,269
4,501,718
$671,988
5,324,315
_•
loss
exch.
common
Earnings
and
and
operating
Bank
fl62,761
surplus
adjusts-
y/■/''•"'Y :■«-;£
Earned
Co., Inc. (parent), $15,891; other
cruals, $30,910; dividends accrued
r
•
6,091,968
-
provision for United States income
supplies,
charges,
1,864,071
'.J
Liabilities—
$1,110,965
237,930
576,149
$3,058,200
237,860
'
unrealized
;-v'
_<
$55,062;
(net),
receivable
accounts
237,790
adjusts-
Canadian
Shares
Assets—Property, plant and equipment, including intangibles, $7,404,181; cash in banks and on hand, $110,916; U. S. Treasury tax notes,.
$26,200;
$2,773,849
contingencies.
■
$161,179
'
-
Dec.
Total
i
retire-
Prov. for
on
&
reserves)
cost or .mkt.)
patents,
540,551
1,864,071
assets,. .?!;>
capital
(less
average
Property,
121,076
1,004,178
*
ax
2,700,000
Building
(cost)
plant & equipment—,
Deferred
arising from redemp¬
purposes,
"Palmolive
1,014,813
989,182
$772,772
surplus
or
of
&
expenses
Investments
Provision
sale
receivable
lower
(at
,
458,932
;•
237,790
Prov. for:
had a statutory tax loss for such
allowed under tax regulations, the
substantially.
Balance
-
tax
carry-over
reduced
was
for
Prepaid
204,222
-2,033,532
_
;
Miscellaneous
the company
1940,
1,243,012
$3,044,094
earned
on
accounts
Inventories
526,781
657,414
1940
<
1941
Goodwill,
706,618
31
$8,335,327 $13,196,216
8.
Notes &
'
•
346,674 Y
•
Total .earned
'
tion of
210,209
for
w..;.;Y
Treasury notes—tax series B, at cost
Marketable securities, at cost
'
18,744
2,079
18,744
2,052
$269,467
expense.
236,378
V-'
v
'
HI,485,981
statements
Y; Y
A
Sheets—Dec.
Assets—
$1,899,891
(Cr)
Miscellaneous
discount, pre¬
deductions
.t
.
debt
and
(net)
Miscellaneous
"• 'V
(credit;
interest
Amortization
$3,239,307
and
taxes
dividends
/^Previous
$382,157
debt..
S.
Surplus'
ment
income
$3,385,078
;Y.
Balance
Cash
U.
$1,820,379
79,512
dividends
Common
$381,801
355
$382,804
...
83,445
consolidated
the
(Excluding subsidiaries and branches outside the Western Hemisphere)
Sanforiz¬
Net profit
"
.
$3,155,862
88,827
:
■
Gross
1938
,1939
$3,296,251
>'
111,823
(net)___
from
ing-Division
53,411
v
U.
charges
"Income
$947,859
______
________
1940
$3,884,819
inc.
In
■';, >Y'/.V'Y>;
I1
251,082
for
included
were
previously reported.
Y
Years
Consolidated
$3,772,996
income
Canadian
Y
.
'-"304,634
taxes__^__;.______
taxes
exps-
rGross
Provision
1939
;
—
for Calendar
$30,721,575 $25,035,544 $22,878,848 $20,174,568
26,948,579
21,739,293 .19,722,986
18,354,189
Depreciation
:
$1,023,946
Maintenance
Other
V
1940
1941
expenses
accounts
(& Subs.)—Annual Report
Account
{1941
,.
Cost of sales and
,
;
Years
Calendar
for
revenues
•.
Income
sales
Total
City Water Co. of Chattanooga—Annual Report—
Operating
Operating
Net
1,041,790
759,327
1,362,131; ril,401,340
753,567
'->Y
'•
Consolidated
"
Y
2,849,989
••
Y-Y
1010.
p.
'■
'
■
3,938,735 '
income
oper.
515,919
'"
;
railway—.. "
railway—...
from
658,478
351,336
•
.
from
Nef^ry.
—V.
$1,448,568
691,662
income.—
oper.
From Jan. 1—
Gross
$1,G36,927
Cluett Peabody & Cp„ Inc.
-
f
.
1505
proposed to adopt.
transactions contemolated bv
to the Commission
ment, however,
submitted
This agree¬
t*is agreement were the^'oon
and to the District Court for approval.
by its terms,
expired on Dec. 1, 1941, if the transac-
the
automatically
pursuant
1941,
November,
In
to an end.
came
"
-
procedural recommendations made
to
structure." /
by Columbia Oil to Panhandle Eastern Pipe Line Co. of Columbia
holdings of the class A preferred stock of Panhandle Eastern.
Oil's
Pipe
to
of
of
the
SEC
that
Accounts
Federal
corporation
come)
Earned
the
upon
the Commission,
We have had a plan on file since July 2,
they were, approved
consummated in February,
1941;
projects in all our companies in 10 States. .
/•
enforcement of this order present emergency conditions
production
1414.]
p.
1,014 shares in
excluding
showed
4.2%
increase
the
over
•
>
-
Co.—Weekly Output— A
the Commonwealth Edison group of companies,
other electric utilities, for the week ended April 4
to
corresponding
period
of
1941.
Fol-
>
•
lowing are the kilowatt-hour output totals of the past four weeks and '
-.a/-/./ /. /
'—.'.'(.•t,
v
-
Week Ended—
'
with last year;
comparisons
percentage
a ,
.
*
/" -Kilowatt-Hour Output—
'V
♦•-.••1942
■>' *
v
(
(
"1941
••
Percent Increase
>
:/ I
/ V;
.
•
■
.
Columbia Pictures Corp. (& Subs.)—Earnings—ite"'-*w,
of
of
-
Chairman Charles Y. Freeman announced that "this action was taken
.
'
Ended
Weeks
26
27,
Dec.
1941
7//
of directors after careful deliberation and in the beliefthat until the requirements of any new Federal tax law are known,
;; the dividend policy of the company for the future cannot be finally
determined/ The board has in. mind that subsequent dividends will
have to be reasonably related to the year's earnings."—V; 155, p."1406.v
12,003,162.
amort, of prod, costs, taxes, etc.
Costs, gen. & admin, exp.,
the board
by
rentals and sales of film and accessories. $13,576,316
Gross income from
profit
.,
$1,573,153
Other income, including? interest income, etc.—:■* Cr2,063 '
Other deductions, including interest expense.—/• -'13.274
'Interest and other expense^on bank
47,229
Operating
\
>
..
f
•>< -y - »;" * .,*• !*:
,♦/
$1,514,713
764,000
—
_
profits taxes ;(est.)—.
income and excess
of The
Earned
737,750
■—:
-
surplus at June 28, 1941—7
Water
-■-/
Co.)
1941 /,/
<;,;•'
'7/:,
1940
•
'$5,961,010,
taxes—/ 7 3,108,341
depreciation and retirements-.-7 : ' 344,790
2,956,953"
325,988'
for
and
.
Amortization
-;
Rochelle
7' 7"
expenses," maintenance
-"Operating
Provision
Profit for the six months' period
capacity has recently made two motions in this suit (1) for a sum¬
mary judgment to the extent that the 80,000 shares of common capital
stock and the class B preferred stock of Panhandle Eastern Pipe Line
New
V - i.,/
■
Subs.)—Earnings-^
earnings i_—1—_ / $6,262,265
Gross
12,963/
Capital stock taxes——.———/ />
i
v '•
/' 12 Months Ended Dec. 31—
•
.
• '•
•
Community/Water jService' Co.' (&
(Exclusive
Balance
Federal
[but see under Panhandle Eastern Pipe Line Co. in
Missouri-Kansas Pipe Line Co. in its representative
pending
155.
tRepresented by 537,406 no
treasury,—V. 154, p.- 1261.
v
in ;1940.
$800,437
present national objectives and, since any fair valuation: April; V
-i!—-IU .«"■ 154.097,000
147,953,000 ; - ;, : 4.2 > • .
is now impossible, will deprive stockholders of opportunity of realizing,.,
Mar,
165,653,000
^144,923,000^^ 7.4
the real value of their properties when conditions return to normal.// Mar; '
v
158,565,000
145,631,000 *.
8.9 .*
This is. just another evidence of the confusion, in which; we in this
Mar.
14—L-a—.V158,823,000 ..-.147,792,000 /
7.5 •
country are involved.
Our first objective should be to win the war,
:
1
Regular Dividend—' :
■
■: •
*
"
r/
free from frustration generated in the minds of many of our people," - •
At
a
meeting held April 2, the directors declared a dividend
—V. 155, p. 1406.
•
*
:
45 cents per share on the capital stock, payable May 1 to holders
record .April 14.
A like amount was paid in preceding quarters.
plaint involves other issues and asks relief against named defendants
other than Columbia Oil.
Answers have been duly filed and the case
now
and
1941
sales
a
•
16,242
will- retard our
of enforcing on behalf of the latter company certain alleged
rights conferred by the consent decree of Jan. 29, 1936; the complaint
also attacks the validity of 80,000 shares of the common capital stock
of Panhandle Eastern Pipe Line Co. beneficially owned by Columbia Oil
which were subscribed and paid for in April, 1936, and also requests
the elimination of the voting rights of the class B stock of Panhandle
Eastern Pipe Line Co. beneficially owned by Columbia Oil.
The com¬
is
16,242 -'f
excluding
purpose
V.
1,099,583
t7,246,985\. >6,581,138 !
Commonwealth Edison
.
strict
"The
-ISO,000 t
f
Electricity output of
/
1941,
.
.
in
shares,
par
settle both of these questions, but up until now we have
been given no hearing on it.
At the present time we are engaged in a
construction program involving 410,000 kilowatts of generating capacity ':
to be completed during the
next three years and facilities for .war;
purchases.
870,974 !
2,026,522
-
prior years r [ < 235,000;
subsidiaries^—> ;1,112,260•'
surplus
$740,487
to
seeking
■
.
■'Total"J—__ $33,701,782 $31,380,606
After depreciation reserves of $24,078,943 in 1940. v [Market value,
it
representatives of the Commission and try to develop an equitable plan
based on such voluntary action.
It seems clear, to us .the first, thing
to be" determined is just what properties are to be retained by Com-monwealth & Southern.
,li
■■■
Income taxes,
in
stock,
common
based
out with
for "Federal
Minority interest
Capital surplus
is revoked on rehearing >.'
voluntary action of stock¬
will, have, to be litigated,"':
Justin R. Whiting, President of the corporation,, stated April 9.
,v
"We have always been
and are still willing to sit down with the"
plan
satisfactory
a
holders worked
taxes
Reserve
;
,
the
,
1: .'v/,/." ;(*■
stock
1.:—$21,849,354 $21,849,354
payable, etc.c>!U!——^—-------1,215,420
- >813,315
JCapital
u
y* .-*>»•
directing
Liabilities—t1
•
but
the
f •"•:
stock, and that
class of
one
or
application by Columbia Oil of the proceeds, plus _
"$1 000.000 available cash on hand, to the acquisition and retirement '
of'$11,000,000 of its debentures, the sale by Columbia Gas & Electric
Corp to Panhandle Eastern Pipe Line Co. of Michigan Gas Transmis- ..
sion Corp. and Indiana Gas Distribution Corp., the sale by The Ohio ?
Fuel Gas
Co., a
subsidiary of Columbia Gas & Electric Corp., to
Panhandle Eastern Pipe Line Co. of certain gas pipe lines in Indiana
and Ohio and the sale by Panhandle Eastern Pipe Line Co. of certain "
new securities to
finance in part the aforementioned acquisitions and
Hearings were had on these new applications in November,
by the Commission in January, 1942, and
1942.
Thereupon the Commission ordered a resumption of the hearings
with
respect to the retainability by Columbia Gas & Electric Corp.
and by Columbia Oil of Panhandle Eastern Pipe Line Co. - and with
respect to the propriety of altering the voting rights of the class B
preferred stock of Panhandle Eastern Pipe Line Co.
Corporation again
objected to the procedure.
The Commission overruled these objections.
In the meantime the hearings were closed.
[Arguments on the merits
of
these matters were recently made before the Commission
and a
decision handed down.
See under Panhandle Eastern Pipe Line Co.
in V. 155, p. 1414.]
On March 3, 1941, Missouri-Kansas Pipe Line Co., after an appeal
to the U. S. Supreme Court, was granted the
right to intervene in
the Government's proceeding in the District Court as a stockholders
of and on behalf of Panhandle Eastern Pipe Line Co. for the limited
support and
order
the
outstanding,
securities
underlying
maintenance of Commonwealth security
•';•>
•
of
inappropriateness
and
Corporation Will Fight SEC Order—
."Unless
the
Co..,
the
classes
three
has
inadequacy
the
for
structure
its
tions
Line
of
because
staff and agreed to by the parties, the Commission received ,
contemplated thereby were not previous consummated.
Since
the filing of new applications by Columbia Gas & Electric Corp., Pan- .
handle Eastern Pipe Line Co. and Columbia Oil involving the disposition
by
Commonwealth
cause
1
-
Monday, April: 13, 1942 '
holding company /system,/ not merely be¬
plicates the structure of the
date, the agree- 7
consummated by that
be
not
could
transactions
ment
CHRONICLE
THE COMMERCIAL & FINANCIAL
1506'
of
adjustments
account
property
r!/'!.!—'
4,410
4,163,977
—_
Gross" Income
$2,806,722
—-
$2,678,0G7
■
Total surplus
Interest, amortization; of debt discount, prem.
———U————
——.——
$4,901,727."
(net) and expense, etc., of subsidiaries
/—
1,388,350
1,547,304";
be canceled or that the terms and provisions / Dividends on $2.75 preferred Convertible stock—103,131
Preferred dividends of
subsidiaries——1.„—
"Earned surplus at Dec. 27, 1941
534,388
526,388:
as to eliminate or substantially deprive them
——!!—— •/ 4,798,596 •
of voting rights and to enjoin Gano Dunn,
as trustee, from voting
"Including undistributed profits of subsidiary companies operating
Minority interest
10,939
11,056
!/:'V::/;/;
/ /'
:
■ ■;''1
said stock on any matter whatsoever, including the election of direc¬
in foreign territories of $689,881r
•
,
Balance
tors of Panhandle Eastern Pipe Line Co.-, and (2) to enjoin Gano Dunn,
$873,044
$593,3187
V
*
Consolidated Balance Sheet, Dec, 27, 1941
as
trustee, from voting said stock until further order of the court
Interest, amortization of debt discount and ex'■" /./
Assets—
•
v?
pense, etc., of ACommunity Water Serv. Co.-.**,
360,563
364,699
pending a final determination of the first motion or in the event
Cash
;
$1,536,946
that the first motion is denied.
Accounts and: notes receivable^ less reserve of $123,000——-. V;' 907,401V
In the 1940 annual report it was pointed out that there were several
Net income
:
$512^481
$228,619;
Advances to outside producers (net),
1,379,742
pending proceedings which had been instituted by Missouri-Kansas
"Amounts charged by certain subsidiaries in respect of taxes- are
Inventories
i
-10,105,903
Pipe Line Co. in which Columbia Oil was a defendants Those pro¬
"Net assets of sub. cos. operating in foreign territories—
2,081,000.. . lower than, would outherwise have been charged had It not been for
ceedings are still pending, including the suit instituted by Missouri-,
refunding transactions during the periods which enabled such com¬
tInvestments in and receivables from subsidiaries
9
Kansas Pipe Line Co. in the Delaware Chancery Court in May, 1940,
panies to/claim unusual deductions for income tax purposes.
The.
Sundry receivables, less reserves
—
57,996
against Columbio Oil, Panhandle Eastern Pipe Line Co. and Gano Dunn,
consolidated gross income and net fiicome, are correspondingly greater.
Other investments 127,301
the
trustee appointed in the Government's proceedings,, seeking pri¬
,
tLand, buildings, equipment and fixtures
—'
—
1,857,122 - —V. 155, p. 1406.
marily, among other things, an injunction against Columbia Oil's re¬
Prepaid expenses and deferred charges——!———————
304,751
ceiving dividends on the $10,000,000 class A $6 participating preferred
Congoleum-Nairn, I119. (& Subs»)—Annual Report—*
stock
of
Panhandle Eastern
Pipe Line Co.
beneficially owned by
Total
$18,358,171
Columbia Oil, in excess of $4.50 per share per annum and an account¬
// Consolidated Income Account for Calendar Years
7 / V
Liabilities—
"
ing for any such excess.
An amendment to the complaint has. been
.1941',
1940 /7
1939
7/71938 " •
Accounts payable and accrued expenses—-.———
$1,226,360filed questioning the propriety of the declaration in December, 1941,
Operating profits
$5,037,264
$2,504,225
$2,982,315
$1,880,104,
Due to outside producers and participants^—158,079and payment in February, 1942, of a participating dividend of $134,561
Add—Interest, royalties,
„
-7
Reserve for Federal taxes (est.)—
230,997
to Columbia Oil.
Application has been made to the court to file a
dividends, etc.
143,327"
193,141
171,828
173,023',
Liabilities payable on realization in dollars of foreign cur""
further amendment materially altering the theory of the action and,,
J
rencies presently restricted
•—_■
739,826
broadening the relief requested.
No hearing on the application has as
Total income ——I—
$5,180,59$2,697,367
$3,154,143
$2,053,727
Reserve for foreign taxes—,—,—
————j——J.
201,215
yet been held.
Depreciation —564,552
555,161
534,025
521,288
Deposits payable
•_
——
—
50,050
Payments under rtirem't
/ Consolidated Income Account for Calendar Years
Deferred income
—330,169
plan for employees—"
'336,760
—_
Notes payable to banks under loan agreement
Subsidiary Companies—
1941
1940
1939
—
2,000,000
Fed. taxes, etc. (est.)
"2,262,500
//525,000
Z 508,500
7 267,000
Reserve for contingencies^—
Gross operating income———
283,299 V '
$5,586,246
$4,307,128
$4,104,138
£$2.75 preferred convertible stock
(no par)___—
3,487,500
Costs, operating & general expense
3,084,143
2,843,624
2,799,173
Net income
/ $2,016,779
$1,617,205
$2,111,618
$1,265,439 "
Provision for depletion and deprec.
[[Common stock
(no par)_
r!„ —■
4,847,080695,117
654,527
590,953
Common
dividends —
1,864,500
1,553,750
1,864,500
932,250
',/
_____
•
Co., above referred to,
thereof be amended so
—
.
——
—
——
-
a.
.
———
,
—
'
—
——
—
''
^
_——
——
—
,
Taxes
277,804
Other, income
—
-——
-
-
income
Gross corporate
Interest
168,880
$642,266
127
$545,133
174
$1,541,992
on
"At
and
to
29,
Nov.
deferred
[Operating
1941.
in
and
^Represented by
155, p. 1307.
remitted
„
„
European
and
Earns,
'
Oil
Dividends
subsidiaries,-!
of
income
Columbia
Gasoline
&
"Includes
held
in
investment
on
$524,430
■;/!.;
Pan-
in
$1,266,489
.
$2,116,386
$2,276,661
of subsidiaries—
923,644
"526,408
indebt.
on
Miscellaneous
Total
Net
other
&
revenue
Interest
—.—
$3,054,110
$2,803,069
299,832
238,398
322,101
——2_" $2,754,278
$2,564,671
$944,388
-1,246,980
1,245,740
1,033,857
& taxes—
expenses
—
—
-
——
,
Net
on
debts
retirement of
of
income
parent
1941
(net)
Sales
;
$1,495,298
sales——_—_
1940
11,924,238
and depletion__
*
3,457,647
adm. & gen. exps.
Sell.,
t$89,469
$1,318,931
interest
"In'ercompany
in
was
eliminated from
$1,411,234
1939
6,823,760
1938-
*
6,580,527
the
income
31,
statement
1941
Assets—Property,
for
Balance
plant
depletion
and
and
Sheet,
Dec.
equipment,
depreciation,
including
Total
assets
$11,649,959),
$34,886,020;
U.
S.
and
cash in banks and on hand.
$23,277,555;
Treasury notes, tax series
receivable, $510,103;
notes
receivable,
dividends
997;
A and
B,
reserve!for
$703,566;
at
cost,
Loss
inventories,
at
cost
895,881
574,099
-
,
§1,927,300
(est.)—
Proportion of profit ap-
lower,
plicable to minor, int.
^ *
-
prepayments, $48,237; advances for development of acre¬
$37,250; organisation expense, $122,345; other deferred charges,.
age,
total,
Net
it-al
/ Liabilities—Non-c"mulative
participating preferred stock (400 000 no
common stock ($1 par). $2,336,826; 20-year
shares), $34,087,500;
debentures, $20 400.000;
par
6%
terest
$44,066;
accounts
payable.
and
damages.
for contingencies,
reserves
*249 806:
earned
;
$322.295;. accrued
other
reserves,
reserves
111,026:
surplus,
$5,218,971;
'
■
■
$9,159,447
/
::
177,505
■■
$9,190,863
$8,743,923
Y :
*
——!!
•'://'•
*
.•
Southern
//;'; ;./'•' \V::
250,000
2,418,327.::.';2,149,05B
;
Corp.—Weekly Output—
..
[Total earned & cap-' ..'J
ital
The weekly kikwtthour output
this
corporation
of
electric
enrgy
of
subsidiaries of
general business conditions of ter¬
ritory served for the week ended April 2, 1942, amounted to 197,437,238
as
single
and depletion has been provided for in the amount,
tOf which $16,242 is capital surplus. .'tAdjustment
properties-of certain subsidiaries to book value at/date' of
$759,600
of
excess
class
of
common
stock.
profits
of
.
*
"It
is
too
corporate
plain for argument,"
structure
of
the
SEC asserted,
"that
the
Accounts
com¬
and
30
14,
Dec.
within
time
income
dividend of 35 cents per share
$1.40 cumulative class A stock,
on1
no
1940.
,
:
.
;
-
I:
the 15-year first mortgage 6% .cumulative
15-year. 6%. cumulative income notes
class A stock issuable under the plan -of-reor-
which
1935, and
1,
.
dated Feb-1,-1935;
bonds
Feb.
April 30—
will
expire
the
The
p.
748.
.t*
*y*'V/,;";./:/;/
^V
Consolidated Edison Co. of New York, Inc.—Output—
The company on April 8 announced that production of the electric
plants of its system for the week ending April 5, 1942. amounting to
146,800.000 kw'h/, compared with 147,900,000 kwh. for the correspond¬
ing'week of 1941, a decrease of 0.8.%, =. i
>J ^ ;///
/
tMarketable
—
_——_——.—
—_;
—
securities at
cost_i———
assets
——
trademarks,
Deferred charges
.
1940
etc
—i-
;
—
3.662.227
4,432.824
2,507,958
2,444,824^
.740,487.
186,112
1
367,540
4,581,659
4.535.691
2,037,835
.904,705
122,085
1
489,120
-
-
Total
—
—
$33,701,782 $31,380,606
this company
of
each
report to employees.
to
for
$1,842
Under
the
cents
received
heading
the
share
largest
26.2
•
•'
and its System companies in 1941 amounted
employee, .according to" the companies', annual
Yearly Report To Employees—
Issues
Taxes
••
3.822,087
,
r
which was confirmed on March 7. 1935, may be obtained
on April 30, 1942, in accordance with an order entered by
U. S. District Court' for the District of Kansas on April 30. 1940;
company's office is at 111 West Monroe St.; Chicago, IlL^—V. 154»
ganization
.
31
1941
—____
receivable
Inventories
Goodwill,
'jlncludes
company,
Dec.
•
—:
Cash
Other
parent
Sheet,
—!——-—-————— $19,359,810 $17,827:423
account
"Property
;
,
Balance
present
Commonwealth unduly and unnecessarily
-
.
by
taxes.
Investments
suggesting how the company should change its structure to
stock, the SEC gave the corporation a year to comply
with the order issued under Section 11
(B)
of the Holding Company
Act, which provides for the simplification of such systems.
■
•
The order compels Commonwealth to put into this single class $181.-'
117.758
of
$6 cumulative preferred
stock, including
$31,117,758 of
dividend arrearage since 1934 and $24,879,999 of common stock.
class
Assets—•
was
stock
subsidiary
a
Consolidated
Without
one
$6,333,760
$5.13
.
:
$2,656,667.
gas
aeouisition
Corp6ration To Simplify Corporate Struc¬
unduly inflated,
the SEC, April 9, ordered the company-to reduce its capitalization to a
$6,090,648
$5.31
"Depreciation
of
1941,
ture—
Ruling that the corporation's corporate structure
$6,597,380
$5.71
a
the
•
11,955,043, or 6.45%.
SEC Orders
$7,263,228
A $6.57
_
share
per
of
compared with 185,432.190 for the corresponding week in
increase of
an
surplus
Earnings
adjusted to show
Corp.—Accumulated Dividend—
declared
Exchange Privilege Expires
'The
11,106
'
Commonwealth &
:
have
;
/
90,000
2,472,066
$31,439,339 $28,840,896
pares
March
,
dated
2,525,808
tax_-.'
income
Dividends
-
870,209
value, payable May 16 to holders of record May 2.
This com!
with 73 cents per share paid on Sept. 15, last, and SI each on
par
-
5,986,383
160,000
Additional prov. for est.
Federal
1 '
6,333,760
f681,888
securs.V
'
total, $64,103,869.—V. 154, p. 955.-
■■■
——
——
—
accumulations on
of
account
$2,857,103 ' $2,757,540-
6,090,648
(net)—
adjust,
Surplus
1
'
i
$10,126,539
| Res. for mktble.
for injuries
$25,464;
)■ :
Total surplus
In¬
$660,492;
' '(
$3,068,799
;
—
directors
The
■
..
6,597,380
—
14,411,050
Consolidated Cement
•
172,773
:!.:/•
& cap-
surplus
US'
payable, $510,000; accrued taxes, $248,449; other accrued liabili¬
ties.
$3,529,159
profit
Previous
$64,103,869.
14,563,328
surplus—:——-———-
reserWfor depreciation of $13,402,593 in 1941 and $12,920,604
in 1940. *• tSee X below.
[1.390.000 shares of no par value, which in¬
cludes 147,000 shares acquired and held in treasury.—V. 154, p. 1262. yZ
312,101"
>
30,969
525.036
1,383,982
112,073
506,342
-
V
.
285,016
782,366
,
146,049
538,880
664,094--
$11,650,620 $11,650,620
and accrued charges—958,025
—
> 2,438.418
——————
"Less
,
357,635
$31,439,339 $28,840,896
—-
Total
3-,v
_
-——
1,828,948
accrued
Earned
$3,831,620
671,082
C
'
Reserves
$5,708,169;
$24,294;
•
.
stock
Accounts payable
743,870
$4,485,328
293,417
Cr$35,-
or
1
——
r
Liabilities—
,
858,560
disrents, etc.
Federal inc. tax
accounts
accounts.
-
$4,813,869
abandonment
on
-
827,595
fixed assets
of
$3,803,099;'
$165,000;
doubtful
fExclusive of shares
Dec. 31
———
—-
^Common
$3,087,750:
$3,589,447
int.,
mantl. exps.,
in-,
veetment in Panhandle Eastern Pipe Line Co., at cost, excluding certain
carrying charges,
—-—
//I/Total
1,559,405
2,526,242
$6,567,007
income
disc'ts,
Cash
(less
intangibles
$3,955,309
<<
,
etc.
royalties,
comm.,
Consolidated
Sheet,
,3
'
5,536,219-
.
2,482,111 ! 2,231,320
2,879,347
2,757,465
$5,739,412
Operating profit
Rentals, int., divs., disc.,
$434,962
tLoss.
1940.
reserves
$2,091,628
Balance
Assets—
Taxes
4 Consolidated net income——
!
,
Consolidated
$21,121,297 $16,140,527 $15,158,760 $12,709,617
—
of
Cost
12,000
company—
$1.70^
1,243,000
$1.02
:
Deprec.
Premium
of $1,195,000.
taxes
,'
>1
————
$1,266,489
—_
—
Admin.
14,079
—
-.
—
profits
excess
treasury.
$333,189.
$247,118
1,243,000
'
1,390,000
$1.62.
com.
on
—-
Corp.—
jhandle Eastern Pipe Line Co.—
Interest
$63,455
out-^.".-
par)-
1941 ^
1940
*
$11,214,069 $11,062,399.
Commonwealth Utilities Corp.—To Sell Stockholdings
Cash
'
2,211,554
2,889,994
The corporation, a subsidiary of the United Gas Improvement Co., ,
[Treasury stock
yi 1,368,486
1,368,486
has
filed
an
application with the Securities and
Exchange Com¬
U. S. Government and municipal securities—3,291,281
2,440,608
mission to sell its holdings of 22,000 shares
(no par) common stock
U. S, Government tax notes -—
-i--—,
2,002,400
.
of
its
subsidiary, the St. Louis County Water Co!1 Such holdings
Notes and accounts receivable
2,244,403
1.876,629
constitute all the issued and outstanding shares of common Stock of ' Inventories ;
;
—-—-—-——8,226,749
8,331.287
the St. Louis County Water Co.—V. 155, p. 398.
Other current assets.——.—
92,507
,,
51.172
Other secured investments
733,589
733,589_
Columbian Carbon Co. (& Subs.)—-Annual Report—
Goodwill and trade marks
1
.
1
•Deferred debits
54,300
86,731
Consolidated Income Statement of Calendar Years
:
„
$92,304
$596,331
sh.
per
"Fixed
Net
(no
•
'^
<
stk.
com.
/standing
1,390,000
$1.30
$152,279.
surplus
Balance,
.
[Shares
York
New
[[Represented by 366,268
shares.
75,000
invaded
in
to
and Japan, and after reserves':
tAfters depreciation reserve of
Spain
$613,690.
of
income
cash
deducting
after
countries
Eastern
$1,854,193.
shares.—V.
$524,430
1941,
29,
Noy.
jC
$18,358,171
—
—
subsequent
Far
>
$618,711
"526,408
$1,519,975
923,644
applicable to corporation
indebt. to parent company.
Total
20,877
23,682
——;———4,798,596
Earned surplus
$545,308
.$642,393
22,016
-
Balance
Int.
166,711
$1,529,182
12,810
—
-
income
Operating
-
.
for
the
"The Money Goes
Out," the report shows that
average dollar of revenue went to . labor—»
salaries .and nentfons.
The, t«x collectors
largest share/: 24.2 -cents,
Coal, materials . and
of. each
wages,
second
18.5 cents and depreciation, 11.1 cents.
-Interest on
amounted to. 6.9 cents, leaving 4.2 cents for divi-"
preferred stock, 8.0 cents Tor-dividends on < common
stock end .09 cents for-surplus.
In this connection the report points
out that since about $5 has been invested in the System companies
supplies
borrowed
den^s
on
took
money;
the
J
Volume 155
Number*4063
THE COMMERCIAL & FINANCIAL CHRONICLE
1507
to
produce $1 of annual revenue, this 20 cents for investors repre- / and its. consolidated subsidiaries and the
company's net interest in
sented-an annual;return of about 4% on the investment.
'7' f
production-of. controlled companies not consolidated:
The, total paid by the System companies for wages, salaries and
; ;
In Barrels of 42 Gallons
pensions in 1941 was $78,446,000.
Average earnings.of. weekly..em-Mi: Crude.Oil Production—>
.
!;fcV\
ployees,
including
with $37.85 in
overtime,
1940.—V.
amounted
to
$38.85
in
1941,
Continental Oil Co.
compared
and
sales:
(1)
To customers:
Domestic, $91,185,020; foreign,
total, $93,141,877.
(2) To subsidiary and affiliated com¬
Domestic, $602,870; foreign, $3,689,051; total, $4,291,921; total
all sales, $97,433,798; less
transportation and other sales deductions,
$11,909,127; net sales (as above), $85,524,671.
1940
23,551,755
29,904,247
:
controlled
1941
27,255,691
2,648,556
26,053,997
«»•
,
Subsidiaries™
Net int. in crude oil produc.
by
155, p. 1406.
♦Gross
cos.
.
$1,956,857;
panies:
.
,
.
.
2,502,242
Consolidated
Balance
Sheet, Dec.
31
'
Consolidated Cigar Corp.
!
Consolidated
v
r
j„•
Income
■;,
.
Selling, •'
*
and
Interest
Calendar
♦1940
Pipe
v-1939
$4,505,745
$3,494,996
$3,609,478
3,334,333
2,848,580
2,454,719
2,333,815
$1,657,165
$1,040,276
$1,275,662
46,416
20,419
Cr4,359
201,704
(est.)
700,000
470,000
226,000
t
229,500
income
;
$1,455,677
$1,166,745
443,045
443,045
■.
154,973
154,973
(193,716
375,000
Balance
!
outst. (no par)
Inc.,
from
ffom
July
opetv
1942.
results of the business of
1940,
and
Porto
$0.85
..
".
(•Fixed
Goodwill
Leased
Sheet, Dec.? 31
_!!
«
brands
____
machinery
and
int.
2,836,429
securities
received.
*~y, V-<
$,</' f;\
-
«' v,'
*
Inventories!!!!!!!!
!
Adjustment
of
Federal
118,002
1,319,665
$5,375,460
9,229
I'V 14,141
106,122
12,791
$19,450,265
outstanding
"671,824
tt383,619
11152,806
$6,304,504
4,682,384
—
and
$1,622,120
and
gasoline
.
'
J.
...
Surplus
!_____!
349,068
ship.
-r1I$90,700
income-s^axes and $62,101
343,713
r
;
Federal
;
3,346,653
Total
3,995,422
'—1-.-$20;387,679
•After
depreciation.
Value,—V. 154,
(Represented
by
shares
250,000
of
$19,450,265;
of
no
State
$1.35
taxes
excise
Electric
Gas
&
Co.—Sale
of
Property
1
'
Approved by SEC—
for
cash
a
Gas
will
first
lien
Electric
The
stock
consideration
the
use
trust
Gas.
Hoosier
having
.
book
$1,100,000.
retire
to
bonds
due
.Consolidated
Central
Electric
$1.10
accrued
by
at
of
Oct.
17,270"shares
31;
1941,
of
Service
assets
of
ered
to
(no
its
note
in
the
Sales
Total
operat.
1942—2 Mos.—1941
revenues
$8,339,842
6,805.399
Operating income
income
!___
$43,994,713
35,203,566
Due
1
of
$8,791,147
82.697
X.' 448,741
$1,602,032
$1,617,424
$9,239,887
from
Other
Other deductions
404.679
.Other
Net income
(no
income
$6,705,666
stock-
213,143
:-213,143
1,278,917
stock-!
700,438
700,438
4,202,629
♦Balance
Earnings per
V
_—
share
——;
at cost
—
issue,
the
costs
from
1942,
of power for
which
resulted
operating
the .12
1,
operating
stock
(Capital
Accounts
Notes
and
(not
Federal
ended
28,
Loss
;
Period Ended Mar. 31—
—V.
:
—1__
155, p.
1942—Month—1941
$4.27
$3,492,471
:
Net
There
11,656
66,372
53,734
Canadian
value
6,277,853
subsidiary-
864,865
374,345
profits taxes
exc.
4,425,533
1,517,348
1940
Amount
of
profit
transferred
Dividends
12,695,424
on
57c
Dividends
on
common
Earnings
to
3,727,819
5,134,850
964,015
4 2,384,628
stock.
/ 1,878,902
income
ceived
and
in
1941
from
profits
excess
from
earnings
Consolidated
728.579
taxes.
of prior
(Including
31
U.
(Incl.
9,095,235
263.580
■
Cash
U.
.
S.
Defense
176,419
Accounts
409,220
Due
1,064,864
bonds
(at
'
">
'
192,400
receivable
(net)
—
19,123,658
12,9~73"656
30,839,438
from
fordign subs, not consolidated
Investments in foreign subs, not consolidatedOther security investments
13,209,548
Other
!
Buildings
and
and
Unfinished
116,112
Deferred
55,358
105,726
105,400
8,714,876
21,906,177
3,231,974
1,540,896
!
equipment
Total;;
;;
accrued
depletion
shdres
in
at
1941
no
and
56.025
2,982,629
142,967
1,914,945
1,872,392
49,102,900
Sinking fund payment
Long-term debt
Minority interest in subsidiary
21,745,511
Miscellaneous
1941
p.
in
1940
costs.
held
in
1212.
1939
and
convertible
stock
55,316
334,000
500,000
9,500,000
10,039,363
companies-—
deferred
Operating
Income
ordi-
Other
236,596
19,280,300
58,715,700
9,274,058
Capital
surplus
58,715,700
1,502,676
Earned
surplus
9,703,900
profits tax and
excess
tax
note.—V.
155,
p.
a
deduction
of
$5,043,061
of
Courtauld's
48,598,686
44,872.381
1,477,814
' 1,411,407
$9,415,913
$9,805,333
$9,214,086
2,779,383
2,752.729
2,350,206
542,754
1,833,141
583,456
Ltd.—Final
Dividend—
42,675,997
1,508,544
1,042,278
from
subsid.
The
record
to
;
the
on
6Va%
March 21.
$32.22%
per
Arrearages
share.—V.
as
155,
per
at Jan.
p.
Loss
profits
April
7
paid
final
,
dividend
for the year ended
1941, of 9 cents, per share on the American depositary receipts
(registered) shares par £1. to holders of record March 10.
interim dividend of 4 cents per share was paid on Sept. 3, last
company
on
a
Loss
.
on
foreign
change,
.
Prov.
Loss
for
on
etc.
2,114,214
4,218,000
investment
on
'4,873,154
152, p. 1587.
year.—V.
702,442
$23,608,287 $12,752,098 $12,698,293 $11,749,669
-
taxes_!_
tax
subsidiaries, etc!
Crescent City Laundries, Inc.—Bondholders Ask Fore¬
160,000
2,350,000
1,996,000
closure—
'
/
.
of a mortgage to secure $1,700,000 of outstanding bonds
the company, has been asked in a suit filed by John F. Finke,
trustee of bondholders, against the laundry concern.
...!:,
Foreclosure
in
issued by
227,895
____
ex-
896,830
j.
contingencies
He
2,400,000
asked
that
property
mortgaged' to
secure
the
bonds
1,
1942,
were
of
of
tabulation.
1941
the
All
operations,
company's
items
shown
as
compared
business
are
represent
said
to
with
of
presented
net
interest
in
of
in
dividends——"
$9,581,054 $10,120,398
1,720,166
1,720,166
1,720.166
7,590,000
-V Com. dividends' (cash—
7,590,000
7,590,000
$9,753,669
1.720,166'
7,590,000
amount
various
the
following
the
company
to
under the
never
Surplus
$955,861
surplus
Deductions (net)
V
Profit & loss surplus-
Shares
<•;.
,
common
standing
Earns,
—
share
$443,503
14,858,846
16.588.226
to
15,777,994
15,334,491
years
one
explains
losses
we
sustained during
or
suit
the depression and operation
fell behind in the payment of our bonds and have
able to catch up.
Efforts have been made for
been
to find
reason
the
we
then
method for
some
another
now
these
filed
have
against
us
reorganizing
proven
by
our
company
unsuccessful
the trustee
for
and
but
that
the bond¬
2,000,268
$9,847,016 $14,858,846 $16,588,226 $15,777,994
out-
(par," $25)__
per
common
$810,232
5,967,692
Previous
$270,888
the
NRA,
since
several
for
v
sold
McClellan, President, made the following statement:
1,851,106
$10,266,027
per
Report—
1940,
B. C.
income
A Preferred
account
on
be
satisfy claims of bondholders.
sale of domestic
subsidiary
Net
-
49.
Continental Oil Co. (& Subs.)—Annual
Results
nranchf"!
share
quarterly dividend of $1.62%
preferred stock, both to holders
cumulative
S.
for ordinary
An
&
companies-
Total income
Excess
the offering
Cooper Corp.—Accumulated Dividend—
The company on April 1 paid a
dividend of $1
accumulations and the regular
,share
for U.
1406.
"Due
;
1,514,886
120,861,677 109,192,533
—
"Includes
treasury
"■'!•!■!
income
Federal income
•
(Peter)
736,142
4,265,850
19,280,300
1938
$19,786,626
profit
affiliated
$2,562,103
purchases
through 27, firms, the largest of 200 shares and the small¬
est of one share—V.
155, p. 1119.
7 7 V
-
•
59,062
725,244
credits
preferred stock
$25).
(par
Total
Subs)—-Annual Report
1940
reserves
cumulative
Common
long term debt-
on
'$85,524,671 $59,523,143 $56,155,528 $53,301,490
_______
&
development
shares
155,
payrolls—
5,'853,847
Accrued interest
intangible
and
value.—V.
par
252~615
120,861,677 109,192,583
7,151,834
Accrued
155,083,597 129,024,111
16,080,116
~
general and Federal income taxes—"9,626,856
176,419
265,036
49,102,900
carried
21,382,140
Liabilities—
Accounts^payable and
32,461,215
56,029
19,947,990
16,313,861
286,992
111,521
depreciation,
190,534
7,846,620
charges
171,917
conting.—
-
36,556
277,013
463,471
770,803
;
<
1
.
,
7,533,590
:—r
(net)
132,341
13,233,675
40,831
construction
208,671
and
leases.
(net)
Machinery
—_
expenses
....
land improvements
1
interest.
sales
investments
Land,
8,418,088
21,493,032
2,350,785
.1940
6,224,891
32,965,830
notes
and
23,692,967
_J—
annuities
re¬
Subs.)01'
10,390,382
cost)
Inventories
155,083,597 129,024,111
companies—:-:.-
insurance
$64,762.08
S.
1941
779,232
debt
for
and before
years.
Balance. Sheet Dec.
600,000
(current)
$1.77
foreign subsidiaries
Assets—
374,880
.
redemption—
964,015
share of common stock——$1.18
per
♦Exclusive of dividends received
Federal
surpl.
earn,
pfd. stock
cum.
23,692,966
for
5,134,850
Dec. 31,
v
41
were
364,780
35,134
from
declared
10,151,264
taxes'63,732,776
Depreciation
2,005,269
,'of 2,600 shares of capital stock (par $2.50) at 43%, with
a.m.
52,272
841,654
8,162,892
171,917
-
,
nary
r
Made at 10:43 a.m.,
389,277
11,138
expense
19,451,379
inc. &
1,248,696
Corn Products Refining1 Co. {&
Costs,
Continental Insurance Co.—Special
Offering—Kidder,
Peabody & Co. on April 2 sponsored a special offering
completed by 11:22
&
•Net
199,567
issue
;
Calendar Years—
1212.
% special commission.
discount
deductions
(Dividends received
486,230
taxes
(Includes
7
.was
debt
disposal of fixed assets
on
Federal
73,082,217
209,526
.
liability
treasury and
adjusted to equalize
1942—3 Mos.—1941
$1,057,732
1,208,917
229,553
—
of
4,427,143
—
Total
1942,
$1,417,988
8,358,487
4,000,000
209,606
surplus
Consolidated Retail Stores, Inc.—March Sales—
Sales
819,143
22,581,670
Minority stockholders' int. in net inc. of subs..
10,777
charges
payable
controlled
surplus
*
7,539,344
19,633,723
advances
debentures- called
Earned
$4.65
1,870,901
21,485,444
profit___
paid
Miscellaneous
110,000
current).
-
contracts
to
Reserve
respectively, and an addition of
$126,247.70 to operating expenses in the 12 months ended Feb. 28. 1941.
Buch adjustments were
discontinued
after
Dec.' 31,
1941.—V.
155,
p. 501.
V
v
79,066,835
consid¬
1,554,406
Unclaimed dividends, etc._—
Deferred credits
___^_.
the effects of variable flow of the Susouehanna
in
deductions of $20,634.70
and
$1,086,531.53
in the two months ended Feb. 28. 1941. and
Feb.
88,477,081
in¬
4,904,591
9,483,917
par) J
($5
payable
Long-term
expenses
months
:l#v
'•
1,946,440
6,752,481
payable to bank, (current)
Drilling
Due
$785,350
'!
4
5''
1,096,226
Amortization
of
expenses
1,358,851
10,046,030
cos.
—
Capital
•'
were
'
1940
114,427,681
Incl. selling, admin. & gen! exp..
operating
Interest
and
46,799
to controlled
r
1,152,549
$1,224,120
$0.83
expenses
-•'
"I- '•'/ '-.S
87,574,946
902,135
;
funded
on
22,201,448
etc._^c^_—
advances
Liabilities—
"After
$0.83
kPrior to Jan,
River,
$266,614
\
,
136,698,810
Other income
tax.
10,000
companies—
oil,
deferred
and
4,202,629
>
Net
amortiza¬
provision
—
Total'
of
stock
common
/
$270,897
,
.
1,986,890
57o
.'.
V',.,
•
—
—
$6,140,528
'
Dividends—pref
customers
Cost of sales,
taxes,
profits
82,010,053
20,362,297
assets——.i—
receivable
Prepaid
227,690
Dividends—com.
less returns & allowances—
to
$
unclaimed dividends, etc.—
debits, etc.__
—
Underwriting and. other expenses of deb.
2,382,206
85,370
$1,180,195
in
)
•
1941
31
Unadjusted
$8,750,425
2,448,851
$1,184,478
'1
7,727,819
Sheet. Dec.
-Deposit for
636,417
8,669
-"
1307.
I'
'
1,201,205
other
other
-supplies——v—si
and
investments
Notes
$8,114,008
•;
428,560
12,875
v,
$29,333,330
p.
'
"
137,900,015
Dome
HH$1,487,919
receivables^.-..
crude
current
•Minority
•
$6,440
interest
and
taxes
'
_______
•'
*.v
for
North
debenture
$579,469
securitiesi-i-r:
Continental
and
Investments
Accrued
bonds
on
*•
»
-
.
stock.
provision
$51,420
'
—~
*
Inventory, of
amortization
premium
of
Consolidated-.Balance
accounts
Materials
•
31,532,211
$1,534,727
and
155,
for~ estimated
excess
debt,
of
expenses
income
State
Treasury tax notes,
$39,646,219
5,913,867
67,889
1941
^Federal excess profits taxes).
S.
Notes.and
v
Accrued
&
$306,153
;R.U.
— 1942—12 Mos.—1941
$7,448,594
!
$1,534,143
,
Gross income
Interest
and
Government
Convertible
Other
treasury
issue,
Federal
funded
of-• underwriting
$9,394 other interest.
S.
!
expenses.
operat.
other
§§Consists
U.
Consolidated Oas Electric Light & Power Co. of Bal¬
Total
for
on
:
.
timore—Earnings—
? Period End. Feh. 28— ;
•"*;
$31,043,259 in
C-
ti
-
.
.
469,856
110,576,988
(4,262 shares at cost.—V,
$19,068,783.
in 1940, $5,567
Kettleman
in
•Property: accounts
.
«
?t
of
reserve
1
f
Gross sales,
$51,474 amortization
debt,
debenture
of
necessary
and
and
necessary lor
Assets—'"
common'
par)
primarily -for new construction during 1942 and 1944.
An application for the issuance of these securities is pending before the Comamissipn.-^V. 155, p. 360. t *
^ /
•
■
.
;
funded
equity
interest
interest.
*"\
Indiana
subject
on
in
amortization
issue,
Consolidated
$545,873,
14,858,846
469,856
in
or
to
1941
consist
value
200165
9,847,016
in
$19,645,200,
provision
in
1938)
1938 )
($67,854
expenses
decrease
underwriting
other
•
taxes
come
Co.
proposes to liquidate Hoosier and acquire
remaining liabilities— >
■•
>:
.•
In its findings and opinion the Commission
points out that Public
Service proposes to pay for the securities out of its current funds.
The company has furnished a cash
estimate, for the years 1942 and
1944,
which
indicates
that
it
will
need
an
additional
$4,000,000
its
interest
other
$34,441
$51,420
7
debenture
&
Electric
&
assumed
1946,
Gas
of
-debt,
,
principal amount of $318,750 dated July 1, 1935, due July 1, 1945,
bearing 6'f interest, and $150,000 first mortgage 5%. sinking fund
bonds, due Dec. 1, 1954.!! The aggregate book value of all securities
is $1,014,623.
/.
:•
!-■ ^—f!
As soon
as
practicable after the acquisition of these securities,
Public
and
in
$62,101
,
securities
a
of
proceeds
collateral
&
and
$29,153
The Securities and Exchange Commission V lias issued, .an !' order"
permitting the sale by company of all the outstanding securities of
Hoosier
Public Utility
Co. to Public Service Co. of Indiana,: Inc.,
.
532,470
70,127
2,600,000
taxes,
$579,469
provision
considered
ttConsists of $579,469
tion
V
901,512
!
$
included.
not
resulting from readjustment of ownership.
tt$304,176 Federal income taxes and $79,443 State
no
Consolidated
companies
(Including Subsidiaries in the United States)
Association
1413.
p.
of
($67,854
and
income
underwriting
interest
par
taxes
income
estimated
v— "Consists
J
2,327,542
Crane Co.—Annual Report—
equity in KetAssociation-resulting from readjustment of owner¬
($86,186
in
1938)
provision for estimated Federal
110,763 Ji
149,508
•
_
! 187,437
685,356
;
_
....
depreciation
-
tleman North Dome
393,468
,540,097
_
affiliated
1,332,768
3,545,218
Calendar Years-
Federal
contingencies
63,250,000
6,350,751
taxes
4,682,581
$0.92
oil
corporate
contingencies
$457,368
4,682,572
4,682,568
$3.92
State
and
2,257.857
2,327,541
income
(At market value.
\
!
>
4,682,565
25,000,000
63,250,000
112,134,948
1
'
for
25,000,000
;__
'
'
Reserve
:
—;
Federal
for
♦After
4,682,387
$10,715,704 def$364,724
$5 )
share____
per
V! •Federal
-
Dividends payable
for
1940
$5,139,755
4,682,382
and State oil and gasoline excise
-f
taxes paid
preferred stock
—_i!!_
$6,816,200- ,:1941 amounted to $22,564,283,. in 1940 amounted to
$6,816,200
1939 amounted to
preferred stock ——!!!!!!!——!!!!—!:":-i2,213,900
2.213,900 $18,750,672 and in 1938 amounted
tCommon stock
;__!!!!—!i!!_!___,—:
tAfter reserve lor losses of $56,778 in
2,500,000 :2,500,000 ; <
1941, $7,297
Note payable*
303,598
in
1939
and
__!
i._!
1
l
400,000
$109,658 in 1938.
'{Does not include
Long-term debt
3,234,533
2,738,130
§$53,442 interest expenses and $17,407 decrease in
Federal and State taxes
A
Total
11154,040
$4,317,658
stock
(par
963,951
112,134,948 110,576,988
Surplus! ——.
(Treasury stock
;
.
§70,850
tt 660,042
$15,398,082
' 4,682,378
7,785,040
457,293
prior
payable and accrued
^
payable and accrued items
1,071,691
to corp.
593,579
.1,029,416
——-
—
;
1,239,176
751,372
14,902,376
supplies
stock
•
•
9%
Accounts
and
Dividends payable
Due to subsidiary and
Deferred credits
9,123
10,867
11111,794,072
tax
Surplus
tShares
capital
110,361
$20,387,679
Liabilities—•
6Va%
$5,988,166
$7,131,053
§§640,284
—
Earnings
•
16,155
781,361
—
Reserves
804,353
7,502,400
>
stock
Prov.
4,591,528
$17,037,314
■; 4,785,282
;
companies
Common
1,037,639
4,918,412
invent..
accr.
Dividends
•
12,455,348
129,551
___
anticipation notes
charges
Liabilities—
28,989
•
13,587,198
________
1,664,728
5,655,336
3,535,532
3,351,373
tax
affiliated
Preferred
1,900,304
.1,423,516
income
income
Net inc.
—
:
Prepaid expenses—
1,920,981
from
Total
i1'
,
...
from
——
Miscellaneous investments and advances
>
profits—Cr
Deductions
3,011,608.
•
194,159
!
1,674,005
6,067,103
;
interest
Deferred
408,517
6,544,152
<,«,>)•"
1
210,000
3,125,174
Miscellaneous accounts receivable-
912,800
1,146,246
26,115,318
securities
Government
30,293,677
2,062,964
23,058,302
receivable
accounts
Merchandise
$35,953,629 $22,548,404 $22,329,630 $20,115,742
10,948,648
9,852,880
8,960,500
8,498,409
_
1
v>
690,253
!'
18,995,837
!_
2,164,859
1,520,630
•_.
._
1,414,157
1,035,628
Depreciation
Extraord.
■
1
•
...
receivable
Total
59,507,833
3,003,836
^Applic. to minority ints.
1
'
_
.
__
Accounts
58,611,704
3,354,056
Intang. develop, costs..
Depl. & lease surrender'd
$1,549,546
■__
_
_
Cash
Marketable
60,683,758
3,776,400
Balance ——
1940
$1,526,392
;
Due
69,246,558
net.
S.
$
34,103,030
controlled
Foreign receivables
'
-
consol.,
and
Accrued
expenses
and
Accounts
■
1941
and
ad-
Net income
Consolidated-Balance
I
assets
not
Divs.
Tobacco Co:
American
1938
income.... $33,503,845 $20,184,146 $19,495,849 $17,806,920
c'urr. year's
oper.
i cos.
former Congress Cigar
Rican
&
subsidiary
33,632,445
—
(Marketable
U.
■■'"'••••v-
of
—„
Notes
Years
1939
notes
investments
Cash
tEquity in
earnings of controlled
r,!.,
•
Assets—
Calendar
buildings, machinery, etc.
companies
16,769,462
1940
and
Other
19,126,357
26,624,197
18,917,465
for
Stocks
8,991,483
23,368,263
34,155,866
Account
♦Real estate,
income.___$106,526,802 $84,221,960 $81,111,390 $80,151,183
—_
Net
$28,149
2,776,358
250,000
$0.86
250,000
$2.27:.;,
•Taxes
30, 1940, the respective dates of acquisition by this corpo¬
(Includes advance declaration of $38,743 payable March 2,
■
'
7,284,926
-
_______
products...
opeiating
minlstrative
187,500
2,781,362
250,000
$3.43
1,
!
!
1940
$
'15,098,206
31
Income
1941
71,186
....
Consolidated
Costs,
July
ration.
refined
j
154,991
:
$25,770
■!
3,106,532;
250,000
com.
on
'Includes operating
Co.,
$318,727.!!
$443,916
shr.
Dec.
t
Assets—
32,478,098
J—1-7,703,754
....
473,819
;
187,500
250,000
3,755,301
per
of
81,929
39,097,687
oil..
purchases..!
crude oil
Gross
$844,459
$818,636
450,393
Surplus
Earns,
production—!
crude
1941
dividends
com.
oil
;
''
pref. divs. (6%%)
pref. dividends
6hs.
of
runs
oil
Sales of
Sales
$2,202,093
Prior
Common
line
Crude
<
Net
production..
and
charges
Fed. & State taxes
17c
oil
Refinery crude oil runs
Inventory of crude oil on
1938
(net)
loans
crude
Daily average crude
Years
$5,536,426
profit—'
on
miscell.
.
for
administrative
general expenses.
Operating
,
Account
1941
Gross profit on sales
Total
(& Subs)—Annual Report-
2,530,000
2,530,000
2,530,000
2,530,000
holders."
Crown Drug Co.—March Sales—
Period Ended March 31—
Sales
on
$3.37
•
!
$3.10
>
$3.32
$3.17
•
—V. 155, p. 1119.
1942—Month—1941
$756,892
$720,282
1942—6 Mos.—1941
$4,608,156
$4,448,030
./
1508
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 13, 1942
'
•
'
,
.
Crucible Steel Co. of America
Dallas Power
(& Subs.)—Ann. Report
Light Co.—Earnings—
&
'
V
'
'
Consolidated
.
Calendar Years—
Gross
1938
Oper.
$37,492,508 $21,133,355 $11,450,537
—
Depreciation
Maint.
Profit
2,309,301
1,500,880
Other
76,333
61,060
repairs.—-'
6,623,232
3,968,050
2,711,671
4,042,782
61,731
3,209,517
20,752
accts.
44,897
$23,121,521 $10,675,158
__
Int.
.'—53,585
debt-
29,770
117,212
.
24,027
applic.
profits
tax.
stock
com.
10,293
stk.7;
Operating
deficiency
figure
£
$12.96
$10.24
adjusted
to
for income and
445,198
$2.55
$6,083,257
profits
operations before deducting all
tax.
Statement
of
Consolidated
surplus—
1
♦Balance, Jan. 1_.
Net.income for the
like
based
face
of
sink,
;; 7/7•.'.•7
7.:—_
year—
amount
cost
over
debs.,
less
Int.
of
$6,230,180
disct.
,
•'
?
.
,
r
940
dividends
Cash
dividends
Provisions
for
Deficiency
in
'
V
common
on
1,671,600
1940
Unamortiz.
in
debt
connect,
debs.,
Bai;
and restatement of
merger
Dec.
disct.
with
series
31,
and
exps.,
10-year
called
A,
The
the
1146,923
surpl.
earn,
fund
523,378
Jan.
1,
816,466
$509,324
Deferred
186,063
Deferred
credits
$27,306
$329,865
$323,261
166
8,000
Fire
$27,514
$330,031
282,180
282,180
1,960
24,772
24,641
$2,039
•/
103,901
unpaid
provision
and
required
and
12
the
to
Jan.
Federal
for
months
under
ended
Jan.
Revenue
31,
1942,
taxes
31,
Act
$$79,461
also
like
May
25,
The
$8,844,216
have
stock,
A
1,
declared
no
of
was
July 30,
directors
also
share
Oct.
$2
payable
paid
25
declared
the
on
payable May
dividend
a
value,
par
amount
of
1942,
the
of
25
May
Nov.
amounted
$1,227
cents
1
to
21,
25,
regular
class
cum.
for
No, of
to
the
No.
share
per
holders
this
quarterly
A
surplus:
;
of
dividend
preference
stock,
17.—-V.
on
Balance, Jan.
1——'
Additions:
ferred
President, states;
$7,250,453
from
cost
to
value
par
of
of
capital
102,812
in
account
with
reorganization, merger
ment of .capital stock—
The
accordance
and
Delaware
state Commerce
restate-,
Hudson
-u—7..;
23,837,830
•;
the
Total
$10,238,367 $31,088,283
—
Transfer
of
earned
surplus deficit Jan.
1,
1940
the
20,952,729
Co.
♦Earned
ments,
charged
and
come
$10,238,367 $10,135,554
—
to
declared
value
excess
profits
$99,643;
taxes,
tax, .$345,721; total, $546,922;; less application thereto of
contingencies provided out of income in 1940, $400,000.7'
/
....
.s
Aslets—
XJasli
1011,
"
Inventories
Cash
(at
of
cost
or
investments
Company's
ficers
and
empl.
under
for
for
market)
issuance
employ,
^Property, plant and equipment,
Deferred charges
duced
1940
to
Accrued
21,946
144,000
40,578,825
618,016
Accrued
interest
Advances
on
75%
5%
57,451
(contra)—
4,169,780
—;
.'___
cumulative conv.
tCommon
stock
Earned
surplus
Capital
be
surplus
11.129,943
8,844,216
*
10,238,367
Total
by
on
♦After reserves of $43,853,467 in 1941
•[Represented bv 445,198 no par shares at
—V. 154, p. 1190.
and
$41,845,451
stated
value
of
in
Revenues
tion
Coal
1,
$592,687
revenues
$461,308
$6,006,210
1,997,601
181,933
Maintenance
Prov.
for
Prov.
for
-»
# 50,106
—
and
308.653
Fed.
Net
577,004
V -24,400
4,500.
7,351:
municipal.
6,098
33,706
State
54,000
33,813
85,753
,
■ :
Coal
Gross
Bond
Other
Other
Net
'Pref.
—V.
income,
income
interest
46.812
inch
-j-Net-
Cap.
deductions
income.
div.
i
...V
$1,630,463
32.488
386.515
Cr31
104
22,332
$74,049
requirements.
154, p.
$135,772
•
Cr605
of
The
20.235
272,789
240.897
29,164
.
of
guaranteed
funded
debt
of
•
510,111
521,641
9,690,190
9,085,914
86,823
68,803
79,078
.1,010,352
944,535
959,528
59,453
40,564
55,845
11,501
$11,402,697
$7,831,850
$7,862,792
$5,224,561
512,442
•
8,683,322
VV
94,431
1,137,528
2,337,675
1,812,780-
1,981,629
1,620,048
Dr241,213
Cr30,895
131,973
126,427
121,418
SB,497,736
$5,619,258
$5,513,523
$3,513,990
Dril,214
1X5,904
rental^.
$8,486,521
$5,735,062
$5,635,106
roads.
1,756,061
1,776,261
1,780,428
1,786,261
1,997,941
2,005,000
2,005,000
2,005,000
1,440,498
969,365
175,000
267,601
222,006
81,656
"75,732
$3,024,420
$762,430
$1,593,023
*$156,205
•
Dr395,964,t
net..
for
int.
funded
advances
on
v
121,583:
Account
.
of
Company
Transactions
Hudson
debt
Co.—_
'
debt-
.
General Balance Sheet, Dec. 31
1941
Assets—
Deposit in lieu of mortgage property sold.
Miscellaneous physical property—
Investment
Stocks
affiliated
;
<%'■
1938
interest-
286,309
22,380
29,819
94,182
312,664
$47,373,794 $46,013,219
Stocks.
—
Traffic
Net
8,401
:
and
—
$40,163,829
Other
all
tax
& old
______
&
cos.—
17,653,949
15,605,978
80,369
128,288
111,142
$10,827,107
from
___
2,268
Dr252,745
$11,644,283
$10,574,361
$8,619,590
433,237
7,498
220,135
7,054
-
balances..-
tax
——
1,184,586
1,187.048
T 1,114.962
131,028
142,304
137.587
25.977
32,245
28.534
1,852,083
1,887,512
2,001,992
1,988,726
before
fixed
chgs.
etc.
leased
Deprec'n
$8,407,682-
$6,990,637
$5,342,727
Realized
sale of
-
1.776.261
Other
3,334,705
unfund.
debt
269.429
234.515
128.649
226.350
2,812,li7
2,648,482
2,741,982
349,973
$496,709-
2,492,141
t$927,162
*$2,486,730
from
62.094
Drl,877 Drl,435,912 Dr4,259,298
64,199
'.i,:.,,; 4.1
0,694
175,149
^
Tax
r>4
157,658
.
114,251,761
28,473,019
28,473,019
/
-
:
stock
aid
of construction——1_.-:
527,273
'■
*507,992
.
50,000,000
25,695,745
1,052 551
9,368
matured
Deferred
$4,274,386
597,031
;
94,278
v—
rents
1.776.261
3,270.907
(net)—
643,455
paid in advance
*
Unmatured
1,776,261
profits
"
•
unpaid—..t,——i_:—66,787
interest accrued———386,441
3,251.714
.14,237
r
debt unmatured
1
49,351,000
Non-negotiable debt to affiliated companies..:
26,136,412
Audited accounts and wages payable—
—__j;-: 1,893.038
Miscellaneous accounts payable
:
12,128
1,756.061
secur.
'
23,502
77,904
•
*?; "17,234
Funded
3,232,742
depletion.;
•
»
117,794,578
.♦Capital
debt
&
insurance premiums
Liabilities—
roads_£
profit
:
425,339
2,544,766
14,845
141,478
■
funds....—___h—
assets—
Total
current
accrued'—«
liabilities—
liabilities
Insurance
reserve
depreciation
54,007
158,942 ;
-
908,029
9,337,750
—-
951,428
300,000
—
equipment—_
397,408
144,192
•
—.1,048,473
;
9,288,618
1,409,874
—————
liability
■Accrued
Net
r„_——
unadjusted debits——————ii—>
funded
on
J
Unmatured
.
$12,344,735
for
Interest
other
186,462
; 3,215,920
•
advances—
30
434.206
460,243
...
assets
and
Grants in
210.323
5,432
2,361,423
663,267
receivable—
•
1,344,667
:;b
:
200,755
——
receivable.^—————
supplies.
deferred
Other
Dr323,869
age
77——7
franch.
5,008
70,444
agents and conductors-
accounts
-
fund
Insurance
Other
$8,943,459
$16,213,596
:.
10,000
73,421
service
rec.
current
Working
sub;1; cos.
15.823
8,401
30,000
—
—
car
balance
Miscellaneous
15.503.249
$16,197,773 $11,642,015
above
369,431
vi-.—'■
Bonds
Material and
17.403,875
\;
51,501
284,371
/
investments:
635,610
16,916,790
229,587
700,000
53,001
..J
———_■
72,144
7
18,734,620
18,491,247
,
4,920,296
700,000
:
—
Special .(Jeposits ———^;—j
350,129
oper,77s
1,537,910
5,013,172
$21,665,373
17,440,573
expenses.
70
1.251,222
—
;•
____——_—
Miscellaneous
-
$25,961,155
624,875
22,693,046
'
,
companies:
——:
Advances
';
1,100
4,920,296
in
Notes
Other
$
99,751,619
—
Bonds
:.
1940
$
99,748,823
Investment in road and equipment
Subsidiaries
1939
$34,870,972 $27,322,546
—
$3,710,788
5,008
*1940
.1941
and
Eliminated)
19,020,343
&
196,798
-
&
from
unfunded
on
Net income
com¬
-28.552
Net
1593.
1938
300,000
*,
14,343,640
13,749,072
Other
unadjusted creditsJ_——r__409,167
Additions to property through income & surplus
54,819
Deficit
387,329
55,131
—--w—16,065,052
17,771,261
$825,738
349,973
1939
Dr267,838
leased
Del. &
Int.
;
affiliated
389.860
29,167
11,460,621
;
revenues.
line
for
Int.
companies.
Today these com¬
only $49,000,000, the issue matur¬
•
$971,764
/
1940
:
518,739
income,
avail,
Interest
$1,458,543
$83,080
1941
Account
$34,170,493 $26,775,310 $25,460,021 $21,213,506
3,510,144
2,789,542 ?, 2,647,426
1,945,860
6,240,570
i 4,980,842
4,359,485
3.626.861
expenses
Dela¬
earnings tax——7
2.048
v
Income
•Deficit.
guaranteed,
Property & other taxes.
■7
___
and
682,267
266,745
Interest on
32,160
—,
118,688
39.67
expenses
Interest on
affiliated
debt
'
$1,339,855
;9l,39l
$2,178.79
41.04
operations...
leased
Rent
affected.
direct
19,072,417
income
sik.
Rent
$128,645
—
$1,539,072
$2,275.20
36.54
expenses
operat.
Inc.
need some
temporary
adjustment accepted by
affected, if approved by
the requisite Federal Court,
662,138
Unemploym't
Net
11,052
$1,845.50
37.20
pass,
Net ry. oper. Income-
do
21,775,854
revs.,
Federal
V
$124,720
.
$1,872.39
'
revenues
Non-oper
of
428.029
6.964
$.0232
940.03
-
claims
and
claims
of
a
.
revenues
not
45.501
; r;. 625,703
$121,681
—
Interests-net
temporary
royalties—.
revs.:" of
Net
Gross
2,979
no.
Rents and
393,441
35,651
net
——
needing
miscellaneous
&
miscell.
&
Net
36,364
400,625
3.664
(operating income
and
L
Miscellaneous
455,193
:
93.099
(Inch inc. tax)..
Non-operat.
debt
Income
'
.
the
♦Tranport'n expenses.—
336,775
security—Fed.
and
,
36.481
49,287,123
$.0228
.■;
Transporta¬
—
&
taxes
State
Social
the
Total revenues —A $57,617,652
263.548
34,261
1,300
-
Taxes:
''
218.654
depreciation
of?leased
property.w
Prov.- for
replacement
of busvprop. (leased).
.......
'
34.942
depreciation—
7'
■
21,962
52,416,201
$.0214
171,323
;
248.141
______
45,399,917
990.05
..
'
1,416.913
40,372
Purchased power
Rent, of leased
property
786,357
Interest and dividends
$5,017,760
120,471
11,448
17,881
1943,
Miscellaneous
y I:
217,509
Operating
748,439
$.0213
Its
direct funded
Calendar Years—
1941—12 Mos.—1940
Operation
999
698,409
Joint facil. rents, net, Dr
$12,186,000, of which $2,186,000 is jointly guaranteed
The Pennsylvania RR. Co.
These companies are no longer liable
any funded debt, direct or guaranteed, which is not railroad debt.
1940.
1941—Month—1940
of
and
but
plan
a
of
Commission
(Inter-Corporate
County Power & Light Co.—Earnings—
Period End. Dec. 31
that
obligations,
Co.
Consolidated
each.
[Including Cumberland Securities Corp.]
1,118
718,162
Ralway tax accruals—_
Equip, rents (net).:
only
Dividends
\
corporations
structures
amount
all
on
funded
a
May
of
Rents
Cumberland
railroad
provides
debt
Hudson
on
4,054,536
$25
of
a
Commerce
10,135,554
$110,937,278 $91*263,835
—
Net
would
capital
It
binding
panies
33,432,000
__
___—
$.00865
"$22,574
Transp. for Invest., Cr_
reenact the so-called "Chandler
Act,"
July 28, 1939, to July 31, 1940, and would
part of the bankruptcy laws of the United
corporation liable on railroad securities able
any
their
funded
&
bill
aggregate
Interstate
ing
82,500
11,129,943
;
of
$2,400,000
1,942,895
32,932,000
preferred stock ($100 par)
______
$.00856
$27,453
from
to
relief.
the
panies have
16,000,000
2,155,526
s
$.00850
train mile.
General
wholly-owned subsidiary, The Delaware Si
Hudson RR. Corp., have been
substantially reduced during recent years.
Since 1938 these companies in addition to
paying off all their bank
loans
and
those
of
theiif subsidiary companies, have reduced their
funded
debt
by
taking up
$1,000,000
of
direct
funded
debt
and
61,793
4,147,920
contracts
——————15,700,000
liability
65,750
Reserves
available
of
will
4,034,135
—
uncompleted
aid
to
This
effect
permanently
financial
$250,000
5,992,559
debt
Contingent
it
ware
accruals—9,188,785
in
ganization
.$110,937,278 $91,263,835
taxes
Funded
6840,
States,
16,205,460
sundry
-
$29,058
^
.
—
Transportation
to qualify thereunder.
The bill undertakes to deal with the financial
problems of railroads which, from past experience and
present earning
capacity as well as demonstrated earning ability, do not need reor¬
make
Pittsburgh Crucible Steel Co. bonds due within
and
R.
3,909,389
$250,000
1938
16,087,992
per
roadj
Miscell,
greatly expedited under a bill recently intro¬
Representatives of the Congress of the United
4,147,920
—
'
45,958,962
revenue
Traffic
due
3,495.256
602,817
!
$.00814
Calendar Years—
be
of
House
relief.
was
The
payable
in
.
$37,862
Maint. of way & struct.
Maint. of equipment...
officers
and,
4,169,780
_
,
Accounts
the
H.
which
Liabilities—
year
proper
19,842,816
agreements
114,000
at cost—42,277,196
Total
one
in
financial
the
V
plan should
a
States,
of-
___
S*ri:
the
study
26,965,181
—
20,943
held
and
careful
70,108
—
stock
com.
committee
problem
1939
19,098,151
,
freight).
Operating
study this maturity and to
8,241,271
dep., adv. on uncompl. contr. (contra)
in & net advances to Iron Ore Mng. Co.
Other
This
this
to
56,089
±.
on
Invest,
i.
lower
:
giving
are
members
13,154,462
—_
(net)
plan to meet it.
its
^
■ v/.,
.
/
Comparative
when it is felt to be In the best interests of the
security holders
this company, a fair and
equitable plan to provide for this maturity
will be proposed.
It is hoped that such a plan will be
acceptable in
view of the greatly improved financial
condition of The Delaware &
Hudson Co. and its affiliated interests.
$20,081,553 $13,689,541
—
—:
receivable
a
company
Such
1941
,
receivable
Accounts
reserve
the
of
1940
19,680,097
,
Inter¬
bonds.
Of the $50,000,000 issue
originally authorized,
now holds $47,769,000.
1941, the board of managers of The Delaware & Hudson
committee
•'
{
3,946,734,905 2,891,302,367 2,715,601,302 2,028,726,648
mile.
per
was assumed
by The Delaware &
acquired the railroad properties which are
bonds, but The Delaware & Hudson Co. remains
a
^
_
per
rev.
mile
-
which
the
'*
'
.
Statistics lor Calendar Years
Average amt. per
pass, per mile
Nuelle,
the
36,282,249
course,
Balance) Sheet, Dec, 31 '
deposit and onhand.general—.
on
Notes
Consolidated
,.
the approval of
36,900
51,213,500
,:
37,746,784
carried
of
profits
excess
with
k '
'
24,751,377
_
pass,
1
Commission, this issue
Corp.,
for
26,
recommend
$20,952,729, as of Jan. 1, 1940, after adjust¬
capital surplus.
tCapital stock tax, $101,559; in¬
1930,
'
*
'
'
mile-
per
Average
In
•
per
No.
the
upon
created
of
surplus deficit,
Co.
36,900
51,213,500
carr—
50
-
Hudson
' 48,620
v
*
car-
rec.
pass,
$35,
general public
On Nov.
'
Balance, Dec. 31--.
RR.
security
liable
7
&
tons
(rev.
maturity of The Delaware & Hudson first and
refunding 4%
bonds due May 1, 1943, constitutes the
principal financial problem of
pre-
reacquired
from
809,442
1,106.571
121,027
car¬
No.
The
stock
Transfer
:v,;7
$10,135,554
—
,
•'--Adjustment
••
Delaware & Hudson Co.—Annual
Report—-J. H.
767,046
Trainloads in tons
on
of
par
155, pp.
89.913,009; 91,563,935
.
mile road oper.
record
and
year,
81,852
558,003
1,931,502
^
Hudson RR, Corp.—Annual Report—
ried 1 mile—
Freight
$4,054,536
.
'
frt.)
(rev.
Average
1941.
1 to holders of record April
'
' "
tons
ried
Pass*
Capital
81,979
688,318
2,053,548
—
surplus—
or
1941
additional to the
[Deficit.—V. 155
1941.
March
on
and
857,362
.842,587
—1,150,000—
in subsidiary companies
Traffic
ton
directors
1,332,782
1,110,375
income
917.
p.
'*
103,901
$$80,822
18,700
/
1,112,076
reserve
to
Delaware
$24,440
;
189,942,900 187,609,760
155,
I
•
.
1,760,565
Total
—V.
.
$23,079
and
Equity of minority int.
Capital stock
Surplus
$331,261
23,515
insurance
1
47,186623,855
-1,774,594
liabilities
186,063
216,885
1,947
-[Includes
month
cents1' per
1940
444,361
}
v
-
18,700
—
—
year
$515,928
23,515
accumulated
:-/iJ.V'-
elimination
15,505
$2,043
2,565,428
189,942,900 187,509,760
,
—■
17.
Jan.
4Vii%
redemption—
since
21,291
$27,505
bonds
9,938,088
4,441,340
'
———————
within
crossing
21,337
$27,505
'
1
$42,811
15,505
__
3,456,363
1: 10,274,327
projects—
Railroad equipment purchases
Other accounts payable
Long-term debt
■
$43,010"
y
■:
208
Income
common
April
etc.,
prem.,
sink,
for
Grade
Dayton Rubber Mfg. Co.—25-Cent Common Dividend
stk.
cap.
189,713
16,584
177,335
152,862,430
___;
>
Rentals payable
835,800
443,137
750,000
for
taxes
31,421
159,414
:;:
157,146
2,638,216
(net)—.—_______
—
Liabilities—'
228,175
149,652,793
—
investments
Accrued taxes
1011.:
p.
—
1,831
6,374
13,878
7,149
4,501,257
217,391
assets
Debt due
49,174 ::
834,810
5,335,442
Loans payable ——j
Interest payable
;
649,194
i; 2,264,521
appro.
100,276
..
15,925
supplies
equipment
v.v
-
2,413,232
7.123,325
2,356,073
•
644,445
—
Matured bonds payable
Wages* payable
1942—12 Mos.—1941
193,616
income
amount
$6,230,180
Expenses in connct. with prop, survey and reorgan.,
amount
Co.—Earnings—
applic. to pref. stock for the period—
$857,183.
360,920
stock-
capital
Fed.
current
the
213,823
—
res.
♦Dividends
contingencies.—._
provis. for
the
to
exclud.
Balance
t
pref. capital stock
on
for
917.
p.
1
————
Total
$3,201,734
income
current
Cash
155,
-——
$11,855,876
1
$10,000
additional
$3,564,356
deductions
Net
15-year
unamort.
:
■
of
1942,
1941.—V.
$276,179
'
mtge.
on
Other
Nil
♦Divs.
applicable
—
31,
income
Gross
1940
7,439,480
thereto, $1,540
;
Transfer of reserve provided in prior years
jn > tor rebuilding and relining blast furnaces.
Deductions:,
$1,529,430
taxes
Jan.
taxes
,
1
—:—
17,655
-
91,185
;
Sinking funds and special deposits—:
Deferred charges to income or surplus—
}
'7.
' ■ •
$4,054,536
;
——
fund
expense
$1,358,628
—
$326,259
taxes
Operating
Other
Othef additions:
3 Va %
507,386
1942—Month—1941
oper.
revenuesfor lease of plant
Rent
________
$
3,441,393
v.
2,774,074
receivable
Property and
income
1941
••77
•
Federal
ended
—
taxes
Net
effect
manner
on
hand
on
Deferred
$2,036,816
507,386
Nil
give
reserve of $400,000.
Surplus
Years Ended Dec. 31—•
Earned
for
months
revenues
Prop, retire,
445,198
to
In
taxes
was^djusted to $10,031,386 to eliminate contingent
7
Other
;
445,198
been
12
expenses,
direct
tFederal
417,900
_
445,198
has
*$2,237,026
$2,803,596
835,800 >
443,137
in provision
income from
t$6,230,180
1,671,600
;
provision
and
Period End. Jan. 31
1,040,037
$7,439,480
stoek.^-
tThis
$1,866,014
——
Dallas Ry. & Terminal
673,492
receivable.
dividends
1940
■■■;
J
21,117
.4,856,907
t
accounts
and
:....
—
Other current assets
400,000
11,122,723
share....
per
$180,786
period.:—:_
the
—
♦Includes
—
common
Total
for
required under the Revenue Act of
on
and
stock
month
income—
Excess
146,254
$121,334
to pref.
Balance
92,768
i
'
$4,063,867 *$1,763,177
2,361,169
.
'
•
>■
h;
Other products
560,000
32,340
18,750
Divs!
■/
560,000
1,827
income
Oper.
the
46,667
11,926
35,203
105,345
and
Coal
960
.
46,667
bonds
deductions
774
73,905,372
i
31
•
8,822,592
—
Loans
$2,743,070
58,921
-
IV '
** ''V
!
1941
.
$2,742,110
$2,458,354
13,285
pref.
to
657
$229,280
57,004
7,246
Dec.
~
v',::\v-v/
Cash
Miscellaneous
&
—
paid on
'Loss.
$2,457,697
320
$179,927
7
disct.
Divs.
Earnings
&
;
409,603
taxes
Shares
Stocks and bonds
274,979
:
$228,960
320'
527,083
contingencies.
excess
Net
/
$179,607
510,484
deductions
Income
680,612
588,356
15,983
539,282
interest
Miscell.
Working funds
59,605
—55,658
debt
of
expense
for
668,818
676,325
60,056
revenues.—"
mtge.
int.
Net
Sheet,
Eliminated)
"
$3,946,655 *$1,787,204
„A— $23,175,106 $10,704,928
funded
on
2,694,128
52,737
V
55,3771
——
appro.
income
on
items
.
Material and
Gross
Divs.
Fed.
93,615
income
Other
oper
income
Amort.
2,882,527
1,187,918
224,392 V
'
res.
Net oper.
2,972,376
7
27,484
from
Gross
$7,060,647
1,728,393
5,082,657
income
Prov.
246,250 .V
taxes
Other
Balance
Assets—
$7,792,823
,
Interest
46,517
General
(Inter-Corporate
.1942—12 Mos.—1941
.
$581,677
exclud.
taxes
Prop, retire,
1,501,153
89,347
„
& adm. exps,
gen.
Other
$634,905
taxes
♦Federal
$4,488,718
2,530,855
—-
and
Prov. for doubtful
Int.
revenues
expenses,
direct
1942—Month—1941
Consolidated
•'
Operating
and
Depletion
Other
•
1939
„_
Profit
;
Period End. Jan. 31— "
'
allow.—_$127,753,668 $77,689,477 $47,967,538 $29,125,598
sales—
90,261,160
56,556,123
36,517,001
24,636,880
of
Sdlh,
Statement
1940
less discts.,
sales,
returns
Cost
Income
1941
ii—S \:^»OTawrtWW^(»ims«rnr) i-te"
-
profit
-
$4,336,480
$494,832
t$2,363,075
♦Including equipment and joint facility rents (net).
-'.t
'-ifh,.
5:
t
o
r-
T.*•'
t$6,746,028
[Deficit.
;A
■
v' A
Total
117,794,578
—
♦Represented by 515,740 shares of no par value.—V. 155,
6
f
vii
■<
1
t;
■!
:J!»i
114.251.761
p.
1 f;
1307.
-
\
*
+
/
Volume 155
Number 4063
Delaware Lackawana
THE COMMERCIAL & FINANCIAL CHRONICLE
Western
&
held By Court Of Appeals On Tax
The
of
has
road
been
Appeals which
wanna
lines
District of
for
deducting
The
to
bond
to the
that
court
it
interest
the
to
lines.
income
paid
Federal
the
held
received
them.
by
oL Appeals
collect
In
It. had
York.
the
on
Court
that
so
enable
New
taxes
Circuit
these
appeal
lower
U.
S.
Circuit
held
had
that
Court
ficates
paid
the
lines
the
until
the
on
enjoined
the
lines
leased
file
can
back
case
after
the
lower
to
The
the
supplemental petition
lines
that
the
of
the
Lackawanna
oe
amount
spread
All of
bond
or
over
to
agrees
to
April
30,
funds.
could
either
a
The
declared
no
the
on
bond
would
deductible
Calendar
Total
record
March
made
was
Stock
1941,
declared
payable
16.
On
this
on
income
Total
Feb.
dividend
a
2%%
of
revenues
expenses
1
deductions
for
were
310,533
of
2%%
the
each
same
i
6,472,969
$2,110,456
•
$1,126,678
15,411
,
$1,142,089
period-
535,000
230,000
$1,575,456
$1,609,706
capital stock
on
i_
$883,824
$2.81
■
banks
in
Accounts
and
in
:
hand
on
short-term
155, p.
Trade
Louisville,
1,010,521
29,136
i_
288,000
and
supplies,
at
~
' 3,481,376
3,590,741
'400,641
cost.:
346,468
.'174,720
accounts
for
Accrued
Coll.
from
all
126,080
Calendar
of
share.—V.
Years
$20
$1
to
stock
common
flying
$2,073,862
$2,136,750
450,000
450,000
450,000
155,
1,050,000
1,050,000
*2,625,000
$541,269
$462,394
—
surplus
2,201
—
equipment
50,903
3,466,833
2,762,438
1553,708
„$3,983,005
Sundry tax adjustments
9,314
$3,878,964
$3,952,896
ing
36,063
3',496,794
American
during
450,000
' 450,000
stock
com.
Cr5,209
$3,434,173
$3,523,691
out-
-
,
standing (no par)
Earnings per share—
.
450,000
450,000
Surplus, Dec. 3i——
but
$13,357,159 $10,914,463
capital equal to $5 per
represented by
tConsists
of
$8,865
$3,466,833
it
is
has
reported,
purchased
share.
a
pro-rated
basis.
consolidated
the
At
stock
end
of
at an
there
1941
Power
1941
$540,362
700,000
700,000
$1.52
$1.77
were
miscellaneous
adjustments
less
created
reserve
from
adjustments.
$16,599
Debt
Thousands of
transfer
for
marketable
securities
30,321
were
The
above
&
Light Co.
figures
include
not
do
panies not appearing
unrequired
and
$6,263,977
its
Earned
—V.
1,842,241
Balanee
Sheet, Deri, 31
1942—Month—1941
$4,117,680
Dividends,
taxes
The
>
11,187,817
3,167,774
3,277,632
made
4,797,064
4,797,064
last
437,296
604,608
common
Patents, rights, trade-marks, good will, etc.——
1
271,071
'
at
I
w——
_
"Buildings and machinery.
.
1940
$248,750
preferred stock
1,108,729
March 30 paid
to
during
year:
holders
the
four
1941,
the
June 30,
$1;
dividend
record
of
March
1,108,730
$1
1,176,250
taxes
(estimated)
preferred
on
$30,734
*
—_
of
other
El
Paso
stock
450,000
Miscellaneous
:
—
cumulative
and
stock
participat.
pref.
_1—_
Earned surplus
par)
($25
cents per
share on the
"The
:
Dec.
$2.—V.
20,
153,
98.
p.
3,523,691
Total
——
—
corporation
its
and
subsidiary,
accumulations
payable April
on
on
3,434,173
securities
will
receive
$34,852,372 $34,762,775
these
its
shares
$1,000
receive
of
to
$9
share
per
as
thus
to
further
the
of
new
the
above
common.
own
to
bond
for
of
Minnesota
will
.all
deliver
company
in
turn
Wisconsin
•
and
company.
share
of
4% %
Wisconsin
Wisconsin
Each
common.—V.
share
6%
preferred
preferred
of
and
Minnesota
155,
p.
stock
will
one
share
share of Wisconsin
four-tenths
preferred
receive
will
get
one
share
of
823.
Operating
the usual quarterly dividend of 35 cents per share on
stock, both payable May 1 to holders of record April 24.
paid each quarter since and including May 1,
Feb. 1, 1941, an extra distribution of 40 cents per share was
made.—V.
in
'
'•■
p.
50.
Dow Chemical Co.
9 Mos. Ended—
expense
profits
t$6,322,592
—
share
per
common
interest,
profits
tax.
normal
income
rate
tax
depreciation
tArrived
at
after
taxes, surtaxes,
computed
upon
and
$5,819,127 ^ $5,495,945
the
$4.92
Federal
providing
$2,440,560
•?'
$5.11
income
taxes
$5,632,872.85
$2.30
and
for
excess
Federal
and excess profits taxes at an effective
basis of estimated taxable income for
the
company's fiscal year ending May 31, 1942.
Note—Included in income for the nine months
489,251
766,613
*$50,919
expense
A,
B, 6%
7%
832
■
25,374
Net
•
income
"Deficit.
$29,857
r
$102,446
*$141,099
2,332
'■
1,799
3,963
56,871
54,966
115,803
*$105,458
$49,279
"
'
,
Note—The
Lines,
Inc.,
above
and
other
statement
subsidiary
"$252,939
Feb.
28,
1942
1941
subs,
$4,804,208
cos
1940
$4,804,208
—
1
East
p.
1942--Month—1941
Gross earnings
Operating
$61,214
surplus
27,587
Earned
surplus
376,614
$4,960,152
$5,971,878
Dividends
Taxes
declared
27,856
accrued
Total
19,602
——
Comparative Consolidated Balance
U.
$43,561
plant and other investments.—_____
S. Treasury
Accounts
less
tax notes
180,288
1,056
receivable
597
do
not
expenses
include
——-—
$18,143,148 $18,486,871
-
Series A,
7% cumulative preferred stock—
6% non-cumulative preferred stock—
stock
Preferred
Premium
$2,598,800
17,600
1,500,000
—
—
debt, El Paso Elec. Co. (Tex.) sub.:
series A, 3V4%, due 1970._
bonds, series A, 5%, due 1950
Note payable to bank, 2-2V*%, due 1943-1947'
Note payable to bank, due within one year
768,704
2,914,100
Long-term
6,500,000
8,000,000
First mtge.
Accounts
payable..———_—
Dividends
declared
—
720,000
140,000
—109,04^'
27,856
—
____—,
132,955
IP'743
105,726
—-
accrued
112,419
423,530
deposits
accrued
Total
230,918
41,76^Kffg8,275
liabilities
reserves
198,504
17,600
33,750
2,914,100
—
—
preferred stock
on
stock
$656,908
255,404
$1,576,700
Subsidiary company: El Paso Elec. Co. (Texas):
current
$401,504
198,388
43,025
322,354
43,527
123,575
Liabilities-
deferred
20,757
500,108
445,304
less reserve
——
Other
$22,804
3,249
508
542,749
reserve
Interest
34,479
;■'■
receivable, iclud. instalment accounts,
Materials and supplies,
Total
1940
$15,820,185 $15,482,928
985,867
1,936,311
Special deposits
Total
$553,407
1941
-
18,Q^T
'
credits
2,10/7390
^ 15,924
f*17,375
1,834,905
77,636
1,591,516
$354,903
for
income
February and for the 11 months
profit taxes.—V. 155, p. 1212.
and
to
Capital
27,587
surplus
Earned
28
Sheei^Dec. 31
Assets—
1942—11 Mos.—1941
$26,735
expenses
Net earnings
i /,buu
Capital
payable
Customers'
1119.
Kootenay Power Co., Ltd.—Earnings—
Period End. Feb. 28—
17,600
2,914,100
92
2,914,100
2
45,743
27,071
77,636
290,926
Taxes
Feb.
$1,576,
stock
cumulative preferred
non-cumulative preferred stock—
First mtge. bonds,
-
operations of Eastern Steamship
companies for the month of February,
covers
non-operating adjustments.—V. 155,
Note—Operating
ended
182,972.
$289,135
i—J—.
stock
Common
and
•
$4.88
income
Feb. 28, '41 Feb. 29, '40 Feb. 28, '39
on
stock
176,121
$54,399
$1,369,883
1,510,982
and for two months ending Feb. 28, 1942, and cdtnparisons with
the same
periods in 1941, after depreciation, interest, rentals and
local
taxes, but before Federal income tax, capital gains or losses
(& Subs.)—Earnings—
Feb. 28, '42
1942—2 Mos.—1941
$591,697
$715,694
1942,
.
111,425
./
.
,•
stocks of
common
Liabilities—
Series
Series
Series B,
to
155,
(& Subs.)—Earnings—
$230,520
Operating income
Other
common
$472,107
does not consider that it has any liability for Federal
Prepayments
1942—Month—1941
revenue
Other
addition
.40,854
38,452
$488,729
-
surplus.
debits;*
Warrants
will
company
share
Like amounts have been
,
$600,154 ;;;:
requirements—
stock
———
$512,961
$638,606
.
——
Wisconsin
Operating
Domestic Finance Corp.—Extra Distribution—
cents per
51,589
Total
Total
concern.
the
Eastern Steamship Lines, Inc.
10
^1,668
■;
applic-
(Del.)___
Cash
Period End. Feb. 28—
valued at $631,717 (including. premium),
compared with $660,375 in March, 1941.
For the first three months
of
the
current
year
production was valued at $1,862,699,
against
$1,958,021 in the same period of 1941.—V. 155, p. 737.
extra dividend of
41,278
,
1
common
Assets—
receive
in cash and each $1,000 bond of the Minnesota company will
$666.67 in cash and 31/} shares of new 4J/2% preferred stock
common.
was
an
$429,704
dissolution.
the
Minnesota
,
company, together with $1,500,000 of
make
the
Minnesota
company
a wholly
will
$1,000
Wisconsin
at Jan. 2,
Dome Mines Ltd.—Production—
The directors have declared
$76,513
earnings-.—
company
Total deferred debits
production
182,972
$597,327
above—
—
Wisconsin
This
present
its
surrender
subsidiary of the Wisconsin
Each
to holders of record April 10. A similar distribution
Dec. 24, last.
No payment was made in 1940.
21
to
debentures.
owned
dividend of $1.50 pe* share on account
amounted
and
Utility Service Co. will
holdings of Minnesota
its
the $3 participating preferred stock, no par value,
on
outstanding in the hands of the public.
This will make
for Utility Service Co. to distribute publicly the securities
possible
it
'■
Corp.—Accumulated Dividend—
this issue
1942.—V. 151, p. 1891.
Arrearages
as
—
Investments
Co..
Hydro-Electric
Wisconsin
.
Each
a
from
subsidiary
Electric Co.
dividend
Accounts
it
depreciation reserve of $2,758,443 in 1941 and $2,759,335 in
fRepresented by 700,000 no par shares.—V. 155, p. 398.
Di Giorgio Fruit
$259,485
$254,353
revenue
company
Common
no
"After
The directors have declared
.
Comparative Balance Sheet, Dec. 31
Cash
Manufacturers Trust Co.
--/O;.
The
plan provides that the Wisconsin company will become the
holding company for the Minnesota company, which will then have
15,000,000
11,337,500
_
—
surplus.—
profits taxes for the years 1941 and 1940.
excess
by
3,159,700
11,337,500
_—
__
and
Co. (Texas)
—
filed
with
the
Securities
and
Exchange Commission a joint
under Section 11
(e)
of the Public Utility Holding Company
Act
providing for a voluntary simplification
of capital structure.
The companies are subsidiaries of Utility Service Co., which is owned
450,000
3,145,500
15,000,000
_
„
to
20.
plan
$306,030
1,075,372
1,364,947
_
_
stock
common
able
■Deferred
The
Liabilities—
payable
for
Balance
quarterly payments of $1 each
paid the following extra dividends
company
,24,734
t'3,553
j
Eastern Minnesota Power Corp.-—Capital Set-Up—
270,971
$34,852,372 $34,762,775
—
requirements.
Note interest deducted
regular
and
.
$365,778
111,425
—_________——
dividend
Earn, of El Paso Elec.
Dividend—
per
12,568
,
' 2,788 ;
u—_—
___________—
Expenses and taxes—
$2,004,556
$5.36
of
17,594
,
dividend of 50
extra
an
quarterly
to
addition
In
1
\*.i
regular
stock
$300,339
$404,230
taxes—_________________—•—«
Balance
on
the
and
common
,3,889
1
18,070
Total
•
47,700
,,
______
(Including undistributed earnings of subsidiary companies):
have
of
1941
$404,229
revenue._-_-.—w___-___-_-__w-i_;
income
Balance
1308.
company
share
124,917
963,559
_
———
"After
.>■J:
:
i.
Balance..
stock be¬
513,542
_
:
_
(net)
—.—
Earnings
only)
31—
revenues
Preferred
$3,038,822
stock—^
preferred
,.nr
(Del.)—Earnings—
Interest, income notes..—
Interest, demand
$6,343,3391
$3,113,285
dividends
on
share of 6%
per
prior pref.
6%
to
$6,163,320
$8,965,597
subsidiary companies;
Miscellaneous
—_
2,699,9{>9
Eastern Magnesia Talc Co., Inc.—Extra
11,365,532
Inventory,
•Net
1942—3 Mos.—1941
$2,751,007
^
Ended Dec.
Months
erred
1940
$2,166,619
lower of cost' or market
;
Standing timber, at less than cost (less depl.)_
Investments in associated cos.
(not controlled)
Deferred charges to operations.......
—
—'
receivable
On
1406.
anyoicom-
155, p. 1119.
Revenue from
«
$2,897,630
6,831,622
1941.
155, p.
of
4,294,641
598,574
V/z%
on
available
155, p.
4,416,339
in
inputs
in both periods.—V.
Period End. Mar. 31—
—V.
cost
2,552,118
requirements
8.5
10,531'^ll,7
System
shares
1,200,000
1_.
dividend
for
''
5,481
1941
■
expense
avail,
require,
State
fore
created
reserves,
5,846,858
132,021
the
the
'^Pct.
,^13.2
17,835
V
Edison Brothers Stores, Inc.—March Sales-
Other taxes
—
1
income
Balance
4,973,564
receivable
Accounts
,
Amount
90,275
"Federal
2,686,135
4,662,743
—
Dividend
((Consists of $66,862 miscellaneous
from
1941
Marketable securities
March
Kilowatt-Hours—-^,
Tnevpft'cp
1941
100,806
Power
Earnings
tConsists of $526,956 transfer
earnings of prior years and
banks and offices
made
1942
National
$14,812,855 $12,480,221
—
——-
discount
Net
prior-years.
Consolidated
v
from
adjustments.
Assets—
tCommon
*
follows":
as
(Parent company
of
average
1942
income
$1.67
transfer
reserves
from earnings of
was
Inc.—Weekly Input—
64,312
Total
current year_____:
and depletion
Balance
Interest
700,000
$16,539:
$415,603;
Ebasco
134,830
All stock offered at less than SJ9.50
Provision for tax contingencies———.
.
$1.63
charges,
payable,
69,793
12
shares
9,359
response to the company's request for tenders were^purfull, and shares offered at $19.50 were purchased on about
Depreciation
$2,762,438
700,000
miscellaneous
unrequired
Dividend
accounts
April 2, 1942, the System inputs of client ofrerktServices, Inc.,
which
are
subsidiaries of
&
Light Co., Electric
Power
& Light Corp.,
and
Light Co., as "compared with the corresponding week
of
El Paso Electric Co.
cumulative convertible preferred
Federal taxes,
"*$1,750,000 of dividend paid in stock of Pan-American Match Corp.
of
$7,500,000;
152,665
2,683,926
"
1940.
debt,
American Power & Light Co.
Electric Power & Light Corp
3,443,644
4,293,631
1~_
12 Mos. End. Feb. 28—
Total
Acer. pref. divs. payable
RejM'es
deferred
50,000
Eastern Gas & Fuel Associates—Earnings—
12,846
Accrued
1941
week ended
companies
National Power &
of the stock outstanding.—V. 154, p. 599.
$3,225,285
adjust.
Ealance
Accounts
$147,400
31,
other
$9,796;
expense,
Ebasco Services
For the
in
in
51%
a
f549,227
Total
$202,116
Dec.
struction, $5,460; preferred stock, $1,375,300; common stock, $4,750,000;
earned surplus, $128,647; total,
$16,233,113.—V. 152, p..3650.
1212.
p.
approximately $19.14
'3,977,196
§Dr50,263
Land
1,138
interest, dividends- and
taxes,
$302,243; other current and
liabilities, $4,023; customers' security and construction de¬
posits, $140,247; other deferred credits and liabilities, $400; reserve for
depreciation and retirements, $1,611,188; contributions in aid of con¬
2,812,765
$636,750df$l,301,138
7,563
Cash in
1,076
Expenses
—_
surplus
$26,752
56,882
accrued
Corp., Bangor, Me.—Buys Pref. Stock—
5%
par
chased
750,000
1,050,000
.
.
55,368
,
Liabilities—Funded
630,204
2,865,915
value
par
corporation,
share
a
$1,962,394
$2,041,269
3.434,173
Notes
and
common
293,261
869,498
1
——
Eastern
dividends
Surplus
Shares
311,818
subscriptions
on
The
dividends
Previous
552,167
liabilities
"Shares
of
Miscell.
$446,295
956,519
taxes-
„
sources
Net income—_W—__
Common
$512,080
income
for overhauling of
"Capital stock
Capital surplus
Earned surplus
taxes,
Depreciation
'
Preferred
payable
Federal
Reserve
Federal
from
Sheet,
Operating Subsidiaries of—
Prepaid transportation
(The) Diamond Match Co. (& Subs.)—Annual Report
for
1
.
$285,229
Balance
Sales
Account
7,851
v
$13,357,159 $10,914,463
Total
Income
316,270
10,334
2,235
total, $16,233,113.
3,087,340
1,369,048
32,155
charges
Provision
1307.
Consolidated
312,020
52,072
expense
income
•stock
Liabilities-
Ky., the industrial, division of Devoe
& Reynolds Co., has prepared a comprehensive manual setting forth
and
describing
the specifications
which
have been
issued
by
the
Government in regard to lacquers, varnishes, enamels and synthetic
resins used in the production of military equipment and supplies.
The manual, prepared for ready reference, and entitled "War Speci¬
fication
Products," cites and identifies the specifications, lists the
various issuing bureaus and explains the various applications or uses.
Co.,
/
"
prem.
^
Jones-Dabney
and
293,011
disct.,
.
Devoe & Ra y no ids Co.~Prepares Manual—
Earns,
debt—.
debt
$2,545,541
3,696,498
:
r
parts
Deferred
1940
$4,093,356
notes
receivable
Deposit under contract per purch. of equipment
Property and equipment
Spare
$2.06
"v
1941
•
Investments
were
$2.80
(
Comparative Balance Sheet, Dec. 31
Total
-WV.
of
and
428.
p.
2,686
$529,544
Assets—Property, plant and equipment, $15,212,132; miscellaneous
investments, $4,180; cash irr banks and on hand, $141,650; special
deposits and cash with trustee, $302,641; accounts receivable, $138,046;
materials and
supplies, $39,561; prepayments, $3,615; unamort. debt
discount, premium (net) and expense, $364,949; unamort. preferred
28,266
,
—
for
V:':i
Investment
series
the
year
208
$580,917
15,827
Amortization
$7,599,647
$1,751,461
358,995
incqme taxes__—901,000
:
made on May 1 and Nov. 1,
following cash payments per
made: Feb. 1, 5.50 cents, and Aug. 1, 6.75 cents.—V. 154,
during
161
-pther interest
Net
1939
$13,666,591 $10,700,578
11,466,418
8,949,117
_____
———
Earnings per share
A stock on May 1 to holders of
cash dividend of 4.25 cents per share
a
funded
on
733,848
$526,858
$648,376
income
Interest
750,695
$580,708
<•
1940
$2,510,706
__
income
Cash
the
on
782,196
$648,215
accrued
Net
series
in
$1,260,706
—
V
income
Provision
issue.
distributions
and
share
recently
$1,
par
Gross
on
Account
1941
operating income—$2,200,173
Income
''.'•
directors
shares,
Income
Years—
operating
Other
Deposited Insurance Shares—Stock Dividend—
The
share
with
Assets—
A
per
(net)
operating
Total
Rent which Lackawanna pays its leased lines amounts to more than
$7,000,000 annually and forms the major portion of all of the parent
company's fixed charges. The main long-term debt which Lackawanna
itself has outstanding is equipment trust certificates.—V. 155, p. 1407.
.
cents
quarterly
Comparative
Federal
before
50
1939
$1,331,404
Operating income
Non-operating income
155, p. 50.
Net
be
of
v_
1940
$1,430,412
revenues
Total expenses
Eastern Air Lines, Inc.—Annual
Report—
by the^leased lines is paid out in the form
They do not have any other income
the bonds of the leased lines would not be
interest
Account, Years Ended Dec. 31
1941
Operating
value, payable April 15 to holders of record
$1 paid on Dec. 29, 50 cents on Sept.
and 50 cents extra on July 15, 1941.—
par
compares
cents
dividend
a
and,dividends.
interest
since
the
less
stock,
This
50
through
tax it will mean that the leased
tax, both present and past (past
although the latter could
the
pay
rental
income taxes.
•
done
have
Income
,
costs
as
Miscellaneous
leased
collecting the tax
of
be
8.
and
V.
approximately $3,000,000)
period of years.
interest
affected
method
a
This
lines.
directors
common
from
sums
.
the rental received
of
determines
leased
the
rentals to
further
paying
the
months
Early & Daniel Co.—50-Cent Dividend—
•
negotiation.
or
lines will receive their
taxes
from
Government
income
litigation
If
is
60
of which are being amortized over a
permitted for Federal income and excess
profits tax purposes under the Second Revenue Act of 1940.—V. 155,
p. 155.
,
paid by Lackawanna to the leased lines was income to them and that
Lackawanna was liable for tax on that income. •
Lackawanna
necessity,
of
East St. Louis & Interurban Water Co.—Annual
Report
parent company
rent for the leased
Government held
as
action
by
the
of
period
Lacka¬
.
remanded
Government
taxes
original
that
of $1,250,000
received from an associated company.
period, $2,107,475 was charged against income for the
of completed emergency plant facilities covered by certi¬
the
amortization
rental.
liable
court
its
on
a
During
liable for around $3,000,000 in taxes on sums paid to leased
The lower court was the TJ. S. District Court for the
was
as
Southern
.was
upheld
reversed
dividends
were
RR.—Company Up¬
Liability—
1509
surplus
1,697,418
——
$18,143,148 $18,486,871
Total
—V. 155,
p.
262.
•''
.
\
THE COMMERCIAL & FINANCIAL CHRONICLE
1510
Paso Electric
El
Co.
Operating revenues
Operation
(Texas)—Earnings—^
—
34,670
58.82J
34,176
'7
$80,266
Dr5,237
$99,679
Drl,247
Maintenance
——7
*
taxes
-
.
Net oper,
Other
taxes-
income
•Federal
17,139
revenues
income,
net-
'
'
.■
'.
■
7.
:-7''' '
Fairchild Engine & Airplane Corp.
-1,342,130
188,237
$969,458
Dr3,874
.
•Cost
(& Siibs.)—Earns.
1941/ :
::l540
^ 1939
31-
Net
$1,658,677
112,180
profit from operationsincome —77—7——*
Other
*>;
$57,861
- V 382,729
303,333
t204,783
199,490
.560,699
.
s^Mnsumnce & product guarantees--
177,414
Notes payable to bank———,..
$$4.50 cumulative pref. stock without par value 7
3,900,000,,
Common
6,858,259
A
stock,
Capital
'176,368
cash
divs.
on
2,250,000
'pari^^L—77%
(no
-til'——:
Dec. 31,
1941,.;!
surplus '
;
6,696,899
v
which at
available for
stk.
com.
payment
terms of
under
68,859
;
104,358
4.985,188
...Earned surplus, of
'! $3,623,297 iS not
$257,244
; 38,515
11146.349:;
^.1,123,455
etc.
Provision for Federal, state1 and other, taxes-—
-
7
.
;trade.;ah(i;'miscellafieou'Si.-4L'
'77!*^' Accrued payrolls, freight, disc'tv royalties,
w
7'.—7-UV—_7—7- $13,802,437 $3,256,995 : $1,343,019
goods .sold77—77—7V.V 11,195,635 " 2,889,366 .*'-7 879,157
948,125 ;y
admin, and service exps.309,768 7 205,618'-
of
Selling,
$954,574
11,090
7•!7'^
7
,
sales
Net
108,571
367,439
412,855
Ended Dec.
Years
401,100
417,040
460,034
.
_
$3,362,050
245,361
-
S?.
..
$4,012,472
1,507,723
124,698
14,954
33,657
13,203
30,531
-
Depreciation
Other
$316,729,
$359,199
134,118
—
sharing plan which was inaugurated four, years-ago. and.is the dargest '.iLiabilities^7
^amount paid to date; the announcementrsaid.Tr;y".(155,fp.v^2';i^.s|^'->.(7;^Accounts payable;
,
1942—12 Mos.—1941
1942—Month—1941
Period Ended Dec. 31—
Monday, April 13, 1942
4.123,297
7
of-,
issue
'
Balance
J
(publ.)
$965,664
437,661
$965,585
299,156
$98,432
60,049
$75,029
17,352
—
Int. and amort,
$1,770,857
7777-<—-~7-—'7 '7'77
Total
income
Interest
tDevelopment cost
——77
Balance
>
Interest
Invent,
$528,003
51,589
$666,428
$38,383
$57,677
v
Co., Del.)
Electric
(El Paso
;
7
:.:Balance>.7_7.v7777—7.I7-7!7777~
dividend
Preferred
requirements
69,101
Balance applicable to El Paso Elec. Co. (Del.)
■
■
■
$187,694
7,v
airplane
■
Comparative Balance Sheet, Deo.
31
1941
Assets
other investments
Warrants
receivable
Accounts
receiavble,
——
—
Materials and supplies,
prepayments
597
7—
,
•
445,304
43,527
——
—
number
payable—trade,
total, :$12,311*506..
$
"
■_
I-*
A*1.y*-'
'
■■
$1,059,405;accrued
"
•
322,294
1
:
>
Operating
Premium
on
$1,500,000
3,848,692
—
—
7-.V-.;
stock
i—-—
engined
strategic
Interest
deferred
Total
Oper. expenses,
direct taxes,
liabilities
————
credits
—
———i.7---- —
surplus————
Other
taxes
retire,
Net
.
•Net
295,500
: 38,275
15,924
17,375
1,613,883
1,245,588
306.
p.
"
The
Company—Utilities
Only 1 of 2 Units—
of
Public Utilities
Division
and
asked April 2 in a hearing that the company
its operations as to make the retention of the
to
be so restricted
company itself
but
Power
to
one
Co.
It "was
one
in
of
its
the
all
of
gas,
operations.
restrictive
most
(1)
•
of
Public
the
Counsel
for
the
Utility Holding Company
and met strong objections
States
of
El
so
Paso.
how
far
the
'
of
Section
11
(b)
(1)
standards
of
Section
11
not
and
necessary
or
detrimental
appropriate
to
the
of
case
matter
of
V.
p.
155,
providing
824.
the
the
20
company
on
the
—■:
for
each
Account
for
Calendar
1940
cities
means
which
of
would
be
-7 ^
Years
7
1939
,
V ;
1938
.
x
$4;124,954
4,015,403
548,425
3,286,561
439,407
2,883,895, ' 2,682,238
1
■
$1,939,976
221,889
462,612 V
a
dividend of 20
cents per
surplus
per
•Includes
par)
205,367
$950,493
176,556
90,000
;<■ \75,000
$2,016,672
$1,202,049
223,065
/- .172,414
502,605 > > 361,225
217,817
$2,161,865
299,085
222,710
share
company's
employ
>
■: '
17-
■
http://fraser.stlouisfed.org/
f
Federal Reserve Bank of St. Louis
bonds_„
216,667
;
deduc..*..
$6,421,451
*
*
v
$687,992
•
216,667
no,000
2,600,000
1,320,000
17,261
359,068
9,233
77 44,661
$353,297
$2,495,129
28,052
•
icr)
-
inoomev;^-i_ui_'V
applic.
-
'9,688
•
2,600,000
1.320,000
i
218,727
•
•
pref.
to
$349,648
49,568
stocks
for
the
period-—
$2,332,292 "
1,153,008
1.153,008
$1,342,121
155,
$1,179,2847
1012.
p.
have declared
Y»)—$1 Dividend^
dividend of $1 per share
a
1
the voting
on
certificates
Battles
The
&
Inc., have completed distribution of 6,000
(par $l)^of the company.-^-V. 155, p. 696.
.
,
,.
Co.,
stock
shares
of
\
has purdlaased the plant .of the Kiley Brewing Co. at
according to Frank G. Fox, President. -With this sub¬
addition, the combined brewing capacity of the Fox plants
will exceed 1,000,000 barrels per year, he said.—V;
155, p. 1012.
company
Marlon,
Ind.,
stantial
Vv
Gamewell Co. (&
Subs.)—Earnings—
Period Ended Feb. 28—
1942—3 Mos.—1941
•Net
profit
Earnings per
$284,106
sh.
com.
•After depreciation,
:
$2.20
$1,737,661
!
$1,436,550
$1,432,383
689,573
685,196
672,996
402,208
§$2.34
t$2.10
.*$2.11
1I$1.21
'
$811,818
94,500'
share—
7
; -
1942—9 Mos.—19411
$144,092
$702,860
$1.04
$5.34
^
Federal and Canadian income and
$388,319
;
'
f
$2.68
;
profits
excess
*
.
,
General American Investors Company, Inc.—Quarterly
Report—
'
.
Company reports
of
March 31, 1942, net assets of $17,365,830
applicable to the debentures and capital stock.
The decrease for the
three months (after, interest on^4he debentures and
divided on the pre¬
as
aggregating $122,528)
was $760,353.
This decrease does
$200,000 paid for 2,000 shares of preferred stock
sinking fund.
not take into account
7
for
Net
the
assets
as
of
March
7
31,
1942, were equivalent to $7.402 31 per
$1,000 of debentures and $227.57 per share of preferred stock.
The
net asset value per share of common stock was
$6.47. as comDared
with $7.06 as of Dec. 31, 1941.
p
c
^
1942
1941
1940
income" -.V-i-V
$212,689
Int., amort., taxes, etc.
76,613
$288,361
162,189
$262,280
144,285
Total
;
u
Earnings for Quarter Ended March 81*
\
excess
shares common stock.
1939
-
•
$219,365
132,239
,
.
Domestic taxes accrued on the books of the company and its sub¬
during 1941 were:
Federal income and capital stock taxes,
$746,410; Federal excess profits taxes, $1,031,131; social security taxes,
$235,842; other taxes, $199,155; total, 1941, $2,212,539; total,
1940,
$744,927,
Domestic taxes amounted to $3.16 per share of common
stock during 1941 as compared with $1.09 per share for 1940.
7.
In November the company entered into a contract providing for the
sidiaries
substantial acreage of land in Mississippi and Alabama,
the price to be paid approximately one-half in cash and one-half in
common stock of the company,
this stock to be taken at a price of
purchase of
$12.25 per share
These lands are
and the number of such shares not to exceed 13.000.
being acquired by the company for timber reserves.
During the year the company received $3,800,000 from the sale of
40,000 shares of its $4.50 cumulative preferred stock (no par).
Of the
amount $2,250,000 was applied to the prepayment in full of the face
amount thereof of promissory notes of the company issued in connec¬
tion with the construction of the Meridian plant and the operation of
the business resulting therefrom.
The balance of the net proceeds was
in connection with the acquisition of additional equipment and
used
plant facilities and for general corporate purposes.
7:m>7',*>
As of Jan. 131,
1942, there were approximately 6,600 holders of
company's common stock.
The accords of the company-indicate that
no
stockholder was the registered holder of more than 4V2% of the'
outstanding common
company's
Notes
on
capital* stock.
.,7 7 77^'7 V':
receivable
ments
on
hand-.————-——.
(net)
(less
—
—
—
allowances
for
-
■
merchandise
1940
$1,826,366
2,820,029
$3,249,300
2,149,246
doubtful
7—
under
Advances
150,612
purchase
& equip-;
ment, furniture & fixtures, etc.———
Investments, at cost or less —
11—
Real estate acquired in settlem't of indebtedness
110,239
>
.
March 31,
cost:
1942, $3,911,545; Dec. 31, 1941, $3,286,763; depreciation
for.period, $624,783.
.
,
_
7>,7. 7
,;:A.
Comparative Balance Sheet, March 31
..
'
7 Assets—
'
Securities
'
;
owned, at cost
"
1942
1941
>
-„t$19.092,590 $21,914,66*
Cashi2,277,253 ■ 1,638,104
Received for securities
Dividends
sold—
and
received
interest
7,054
81,163
accrued
Deposits with trustee pending exchange of
5%
■
-
*
■
•
28.324
96 865
■
•
•
debentures
'
3,015
7 Total
$21,458,061 $23,680,969
'
Liabilities—
6%
preferred
•Common
3
stock—7—
stock
bank
Interest
$3,300?600
—
$3,500,000
1,300,220
2,346,000
77
debentures
2%
2.346,000
loan—————.
accrued 77——7——————,
for' taxes—7—7—77...—77l
13,685
-—;
15.856
68.000
89,000
99,000
105,000
13.969I944
42.069
payable—
Payments for securities purchased——7—
Capital surplus —7—777:.——7.7
Pro.fit on securities sold
Undistributed income
1.300,220
1,500.000
Preferred dividends
3,474.194
722,814
royalty contracts, other rights and
goodwill • .j—
—.^i-—7——^—— ■
Prepaid and) deferred, expenses ——--L"
Total
85,575
2,352,659
655,683
14,169.944
478.776
319,143
113,837
62,335
:
'
v-...--7.-^7^L7L.i..77^ $21,458,061 $23,680,969
•Represented by 1,300,220 no par shares.
tThe value of securities
at bid prices, was. as of. March 31, 1942, as follows'
Bonds'
preferred stock, $1,707,500, and common stock, $11,581 550*
owned,
$1,891,995;
8,385,862 '■
6,577.600
47,235
47,236
15,000
15,000
180,651
122,911
Patents,
Total
-
.......
agree-.
———--——7——7'
(at the lower of cost or market)
•Buildings ~&Tand fixtures, machinery
.
$136,075
$126,172
$117,994
i $87,126
on pref. stock„__
102,000
105,000
"
108,000
111,000
Notes—(a) Net loss from sale of securities (on the basis of first-4n
first-out)-.charged to special account under surplus, $169,647.
(b) Ag¬
gregate unrealized depreciation in value of securities as compared with
Divs.
Reserve
1941
notes)
.
>.■
f..: Net income
a
Cash in banks and
continuously since Jan. 1,
1941, received a check amounting to 4.3% of yearly salary:or
wages,
it was stated.
This payment is made in accordance with the
profit
596,157
$6,729,536
13,415 .7
*"
^$694,679 7
bonds—110,000 4
&
ferred .stock,
*4--
Federal
11'1 '1
"
•
Foundatioif Co.—Stock Distributed—
592,223
profits tax, $1,031,131.
tOn.685,196- (no
JOn 677,546 (no par) shares of common
stock.
§On 699,706 (no par) shares of common stock.
HOn 672,996
(no par) shares common stock.
t
'
1
7 1 >,,,
'A
;
Accounts receivable
making a profit sharing payment of $426,161, which is
nearly double the $217,818 which we distributed to our
employees last
year," said Colonel R. H. Morse, President, in an announcement on
April 1.
All employees, except executives and those under bonus
contracts,
the
$1,721,305
v-
48,726
to
2,650
(Peter) Fox Brewing Co.—Purchases Plant—
^
$5,067,812
$3,927,096
trans,
'
:
S5.985.721
435,730
representing common stock, no par value, payable
April 15 to holders of record April 6. A similar distribution was made
on April 15, last year, which was followed
by a payment of $1.50 on
Oct. 15, 1941.—V. 136, p. 1894.
1
"
r
$5,665;944
dividends-.—.
Earnings
by the. ruling in the
for defense workers.—
are
in
$6,133,379
49 West 37th Street Corp./ (N.
:
Comparative Consolidated Balance Sheet, Dec. 31
April 8 paid
deb.
—V.
oper.
dividends
Inventories
been
$674,577
891,243
11,022,755
*1,890,350
earned
>
hit
transportation
mtge.
common
12,096,337
$3,566,141
> 312,230
Li
Income
Common
of
common stock,
par $1, to holders of record April 4.
in 1941
following distributions were made: April 7, June 30 and Oct 20'
each, and Dec. 26, 90 cents.—V. 152, p. 2238.
have
$5,983,071
2,112
■
.
2,446
•
;
?? *
Int. chgd. to const,
.
"
-
,
14,231,804
—
Preferred
7"' 7vV,
:
■'■
int.
trust
;
,
,
19,021,201
—.
profit from
(est.)
Net
various
Fairbanks-Morse & Co.—Bonus Payment—
who
$6,131,267
.221
;
$692,233
t,(net)7j-'
on
Other
called
,
cents
"We
<,.
,129,969
—
taxes
Evans-Wallower Zinc, Inc.—20-Cent Dividend—
The
.
an initial dividend of $1 per share !
stock, no par value, to holders of
quarterly dividend of $1.25 per share
no par value, was paid on the same
Assets-
\
;
sales,
on
Other charges
(net)-.—
Federal, State & foreign
.
the
$674,356
$692,233
..
income
on
Int.
;
the protection of
functioning of the
7'7-''..v-
in
1,841,668
pit.
-
,•
,
1941
before
Balance
Mr. Moore, irf his oral argument,
brought the war into the pic¬
ture by declaring that ff the Commission were
to order now that
Engineers strip itself of transportation activities, it would have an
effect
profit
abroad
for
proper
system.
adverse
depreciation)
Net
integrated groups, holding that they were necessary or appro¬
priate in the public interest, necessary or appropriate for the pro¬
investors,
158;334
Balance
—
Balance
the
of
Income
Royal' revenue—
(b)
.The respondents, in their brief, summarized the
consumers
6,158,364
1,024,166
942,348
1,916,666
*
Net
initial dividend of 10 cents
$1; "to holders of record
♦
of
taxes.—V. 155/p. 918.
..
tection
6,660,751
1,684,537
7
83,503
175,000
,
^Gross income;
par
■
expenses
(1), as applicable to
holding companies, would require a break-up of any of the oper¬
ating companies as presently constituted, since in our opinion the
statutory, requirements
are
met
once
the
holding
company
is
eliminated.'';
;7'V'7
> 77-777V77,>7V
electric,
stock,
'
Depreciation
integrated utility systems and other interests presently included in
Virginia and in Gulf States.
"The retentidn of Engineers as a holding company on
top of a
single operating company would be an even more obvious economic
monstrosity than its existence for the purpose of retaining under
common
control a single large operating company
together with a
single smaller one.
.
"Once it is established that Engineers cannot retain more than a
single one of its operating subsidiaries, the disappearance of the
holding company is so obvious as to make it unnecessary to con¬
sider
p.
deprec.—
Selling, admin, and gen.
concludes,
standards
business
605,997 v
561,762
150,190 7- 147,220
revenues_L
lease
Operating
Divs.
company,
and
appro.
.
Other income
7
7'
it will become even more obvious
how remote and hypothetical are the other statutory issues to which
the
testimony has
been directed, namely, the
retainability in
a
holding company system under the (a) and (c) standards, and the
incidental
an
from
(net)
><.
7: '
'
$27,151,169 $19,897,748 $17,164,148. $15,147,709
Cost of goods sold (excl.
;!
! V;.
^
•
v: •
.
"If the Commission
-
155,
Consolidated
Gross
point of the investors, consumers and the companies alike.
They pleaded that Engineers be allowed at least to keep one or
the other group of operating companies, together with all of the
appurtenances to which the Public Utilities Division took exception.
"It will be shown in the staff's opinion," the division declared in
a
brief filed with the Commission, "the
fa) and (c) standards of
Section 11 (b)
(1) of the act clearly preclude the retention in the
same
holding company system of both Virginia and Savannah or
Gulf
"*•
p." 599.'-
paid
pref.
regular
pref.
599.
cumul.
$5
1
2nd
The
Net sales
indicating acquiescence to a finding and
opinion of the Commission issued on July 23, 1941, deciding that
Engineers should be restricted to the Virginia Electric and Savannah
Electric and Power Companies, or to Gulf States Utilities, El Paso
Electric and the Baton Rouge Bus Co.,
warned that anything less
than that would be "the most disturbing" solution from the stand¬
both
the
April
on
20.
'
ice, water, bus and street car
'
•
77.
interpretations of Section 11
,
155,
(Including United States and Canadian subsidiaries)
Act ever voiced
before the Commission,
from counsel for
Engineers, T. Justin Moore of Richmond, Va., and William E. Tucker
of New „York.
" .
"
Held Disturbing Solution
.1,..
(b)
tLoss.—V.
March 31 paid
pref.
stock,
p. 1924.
~
non-cumul.
>
operating companies—the Virginia Electric and
Gulf States Utilities
Co.—and that it be made
retained
one
involved
business
$4
two
the
or
the
divest
of
'
1942—12 Mos.—1941'
<
$361,375 ; ." +$51,108
(The) Flinkote Cof (& Subs.)--Annual Report-^ :
.
all
$43,483
6%
147,
March
-dates.—V.
Exchange Com¬
monstrosity."
Arguing before the Commission, Harlow B. Lester, counsel for the
Public Utilities Division, declared that Engineers should be stripped
of
on
the
company
the
record
economic
"an
>
Fehr Brewing Co.—Initial Dividend—
company
The
on
on
Securities
the
of
mission
as
res.
The directors
'
The
taxes.
and
1942—9 Mos.—1941.
Fisher Brothers Co.—Initial Dividend—^
Co.
Holding
charges
per
share on
March 19.—V.
:
.
$155,531
(Frank)
;
—
SEC Would Strip
Division Urges Retention
Service
Public
Engineers
-
•
1942—3 Mos.—1941
profit
•After
$16,114,238*
77>—7-i—i.T. $16,774,670
Total
155,
j-
$1,625,175 $17,335,569 $15,898,512
-—87,917
oper.
Rent
crew
Period Ended Jan. 31—
"
—V.
same
exclud.
taxe$2^77
!n^-
1,253,753
—-—
reserves
Earned
1942—Month—1941 7
$1,711,337
___
Federal income
Farnsworth Television & Radio Corp.—Earnings—
V^
132,954
34,924
102,419
387,803
41,768
17,973
182,676
1,871,369
;
accrued
current
Total
—_:—
720,000
140,000
108,952"
62,210
105,726
1943-1947—
bank, due within one year
payable 7—__7—_—*
—
Ajent account, El Paso & Juarez Traction Co.—
Customers' deposits
•———
Accounts
Other
^
8,000,000
Note payable to
-
$768,704
3,848,692
:>
33,750
6,500,000
preferred stock——r
bonds, series A, 3 JA %, due 1970
due 1950—
First mortgage
First mortgage bonds, Series A, 5%,
Note payable to bank, 2-2Y4%, due
Taxes' accrued
revenue
"
7
by the Army Air Forces for large quantities of a new twin-;
training airplane with even the gun turrets of non-7
Duramold, the process for molding plywood and- synthetic;
resins
into
compound curves,
was
revealed April 7 by J. Carlton ^
Ward Jr., President.
^^
The company on the same date took over an existing factory. in a
Southern city and announced plans for building a new one for larger.h
scale production of the new type of wooden airplane.—V. 155, p.'398.
$16,774,"670 $16,114,238
—
stock
Preferred
'v $844,63i
.1942, the company had 39 stores in operation, the
earlier.—V. 155, p. 1012.
year
Period End. Jan. 31—
Prop,
Expansion—
Liabilities-
Common
1942—3 Mos.—1941
$1,011,592
Florida Power & Light Co.—Earnings—
,•.
wages^,
etc.,
An order
——
—
a
'•
V $320,959
y
■
Total
as
r-.
43,025
123,575
—
——
Total deferred debits—
advanced by the U. S.r Governperformance;of a particular con¬
7
500,108
198,388
less reserve————
At March 31,
•*:
$548,234; accrued Federal income and excess, prof its taxes
7—1941, $1,217,571; advances on sales contracts, $3,711,887; notes and
accounts payable—emergency
plant facilities, $3,143,801; reserve-for
readjustment to a post-war basis, $200,000; common stock, $1,711,324;
paid-in surplus, $446,797; earned surplus, $272,487; total, $12,311,506.
508
/'■- 542,749
the
in
deferred charges, $189,128;
$503,946;
Liabilities—Accounts
..
taxes,
accounts,
instalment
use
-:A
$369,196
.
(net),
1.595
77—
—7—
incl.
7.7
reserve
for
'
Dec.' 81/ '1941'.'I.'.'*'
1942—Month—1941
.
Sales\
:Florence Stove Co.—Changes In Officers— :
$2,600,303; . trade accounts receivable,
including . $617; 184 ; to
deposited in restricted cash account when collected, . $1,611,073; r VvAt the annual
meeting of stockholders held on March 31, retiring
accounts
receivable—officers and employees„^$2,912; .-others ;aceounts 7 directors~were reelected and the
following changes in officers were
receivable, etc.,
$18,149; inventories, $2,863,408; .advances !to subapproved by the directors:
John H. Foster, formerly Treasurer, waa
contractors,
$40,000;
property
and
equipment—basic ^plants,
(less
elected Vice-President;
Albert E. Luke, formerly Assistant Treasurer
reserves
for depreciation and
amortization ;of $420,838),: $1,286,208;
and Clerk, was elected Treasurer and Clerk, and Bevis O.
Ashworth,
facilities
acquired under emergency plant facilities contracts with
formerly Cashier, was elected Assistant Treasurer.—V. 155, p. "1212.
the U. S. Government, $3,196,379; engineering and development costs
693,696
180,288
20
—,7-7—,7 —
V. S. Treasury tax notes.
Special deposits -—7—
$1,915,071
including
restricted
and
Sheet,
(M. II.) Fishman Co., Inc.—March Sales—
Period Ended Mar. 31—'
tract,
1940
725,428
-
——
—
——
71
be
$14,713,181 $14,354,623
.—
Balance
Consolidated
Assets—Cash,
ment
$46,103 accrued in December ($226,636 for the 12 months ended Dec.
31, 1941) for ^estimated excess profits tax under the Revenue Act of
1941 (none estimated under the Excess Profits Tax Act of 1940).
less
$60,771 .;
7
resulting from the refinancing.
Such savings, amounting to
* have
been credited to unamortized debt discount and
The amounts shown-above as Federal income taxes include
Total plant and
Cash
7 $541,079
-
$17,722,764 $15,365,349
.
of $5,752,339 in 1941 ^
and $5,439,529- in 1940. . tAfter deducting U. S.. Treasury tax notes >'■
aggregating $1,522,480.7 tRepresented by 40,000 no par shares.—V. 155,
P, 600.' rA,- ■.v,!
*£
.
885,256
profits taxes—
—
income
Total
^.^•After depreciation and depletion allowances
25,242
^3,231,*
53,319
.
21,728
,
.
abandoned
$282,764.25,
expense.
taxes
'■7
tModel 46
•Including amortization of development cost,
t Includes .-surtaxes. *
by Duramold Aircraft Corp.
$429,704
$597,327
has been
savings
7
excess
Net
liability for Federal income and excess profits taxes
substantially reduced as a result of the redemption
during the year of the series A, 5% bonds. The amount shown above
as
Federal income
taxes for
1941 is stated before considering the
for 1941
for
income
Federal
46^10
""The company's
■
for
Provision
$476,414
$666,428
:
.
-10,915 '.v:
12,206 7=
*332,315, •
deductions
Provision
preferred stock
•
"7777>'"- 157,084
obsolescence
due to
adjust,
Miscellaneous
$433,613
\-2,962 77, 7,043
—-7.
;
of
$96,376 7
w—-j—'—1——■ 7—; $17,722,764 $15,365,349
total,
$15,181,045,
which is $3,911,545 less than cost.—-V. 155,
p.
General Electric Co.—-Brazilian Electrification—
919*.
-
With equipment being obtained in the United States by the Electrical
Export Corp,, work is going, forward on the electrification of 207 tracksmiles -of the meter-gage. Sorocabana Raili;o^d.
Qwped bv the State* ot
Sao 'Paulo in Brazil.
The project involves the fexpehditure of more
■>.
!
and
$10,000,000
than
of
Ten
The
Chase
National
agreement-dated
Bank'of
the
the
as
from
Net
from
Net
ry.
General
by
cash,—V.
from
Net
ry.
*.•
number
'
dividend
1
be
to
April
record
date,
on
March
V
General Bottlers, Inc.
'?
Calendar Years—
Coat
of goods
••
sold
'
1941
Railway
'
tax
accruals..
8,860
$97,493
7.846
facility'
6,139.
•
r«, A net balance
—"Y> '/'-• ;-;V;
—
-
8203,496 «.i $103,632 --?
13,530
■
Joint
$195,650
(/
i. A- $458,392
A'A—--r-
———
$13,794
$19,670
17,946
$64
15,475
$40,421
$4,195
--Net-'
'■>:
„
A?
A-A-
1.932
2,009
$4,P23
*$5,716
A
16,239
*
1,034,715
242,748
*591,453
1942—Month—1941
Mar. 31—
1942—2 Mos.—1941
$3,546,231
$7,813,453
$6,542,280
Water:
System,
Inc.
Subs.)- -Annual
(&
A;:,''AA^A^Ar'; .:A?;/,%?
■■?■.Income Account, Years Ended Dec. 31
'
,
:A-
?A
Operating
Operating
Federal
A:';?'.
1941
1940
1939
$1,336,289
?/""A::"
revenues
$1,2)9,483
$1,303,519
382,831
' 53,021
371,053
371,260
._^AA
expenses
1
taxes
.
income..
on
—V
166,643
53,442
56,631
67,480
50,264
170,421
70,103
68,858
$567,743
$589,272
1,940
19,465
-
,
3 994
for
deprec.
and
retirem.
71,616
income.
A/?A;
_
Operating
>
_
323
1,860
A'
$22,142
*$6,850
654
672
income--
-
•
2,155
323
-
$559,410
inconje__-_„_
Non-operating
*$9,004
;
•
A *$4,682
$5,802
•
$20,282
1,034
976
AA
Gross income
A
Deductions,
Interest
—1
$560,958
A/-.- -AAA A;
subsidiaries;
funded
on
1,548
debt—»______.
$569,683
73,500
280
$608,738
'
2,034
-117,200
*•> 871
• i
: A
13,119
13,239
80,401
*
/Net
:A\
Earnings of Pepsi-Cola Bottling Co.
-
•.
*
'
Bottlers,
.
accruing
income
;' Net
»*.'
Balance
to
,?■
-
,
General
Period—
beginning of the year^
at
"
'
$173,335-?
134,553
••
•
$118,392
•.
"
A-
Total■ .1
'
-
%
40,741
dividends
Cash
dividends paid on common—
$48,454
24,574
.
y
stock,
.
.
Assets-—
"cash
Interest
,?
»"j;<
-
; 1
,
of $2 per share on the com¬
of record April 1. This com¬
previously each quarter.—V. 146,
" - V
'
'
'•
V.'-,'
y.
«/
,
'
fv "> '
'
'
*
..
A
'
March 31 declared
dividend
a
,
and
Orders Increase—Plants at
Unfilled
(net)
'
,
•
,
against $14,739,328 at Dec. 31, 1941.
new
employee training program
as
expense,
•
J'':
A
(net),
-'
99
A:*
r '
18,781
-
■
1,488
22,024
5,914
$228,835
$217,868
•1
•
31,
Dec.
-
1941
$12,474,956; miscellaneous
hand, $325,717;,' U. S.
equipment,
and
on
securities and cash with trustees, $83,659;
materials
$249,749;
supplies,
and
$80,225;
unamort. debt discount, premium
preferred stock commission and
$5,405'";
unamort.
charges,
$62,067; other deferred
debt
*
-•
218,340
-A
5
.
of
$7,659;
$13,633,730./
total,
debt of
affiliated
payable, $17,530; accrued interest,
dividends and
taxes, $282,630; other current and accrued liabilities,
$5,376; customers' security and construction deposits, $373,674; other
deferred credits and
liabilities, $55,423; reserve for depreciation and
retirements, $1,415,239; sinking fund reserve, $109,763; contributions
in aid of construction, $261,742;
minority interest in common stock
and surplus of subsidiaries, $218,409; preferred stock, $2,560,400; com¬
mon stock, $250,000;
capital surplus, $250,000; earned surplus, $411,816;
:
;
is
The
*
Sheet,
banks
in
$295,891;
Liabilities—Funded
A',
Feb. 28, 1942, was $15,737,182,
and
cash
insurance and taxes,
and
companies,
at a considerably higher rate.
The company's backlog of orders as of
plant
$4,000;
receivable
prepaid
24-Hour Basis—
running
•
Balance
accounts
Oct. 17,
company's
the
premium
tax notes, $44,400;
output of machine
in J941 had Increased 108% and production so far this year , was
that
said
Vice-President,
A
$218,755
Assets—Property,
Greenwich
Executive
discount,
Treasury
meeting held previously, Ralph J. Kraut,
annual stockholders*
At the
212,955
830
—
Net income
investments,
.
of 25 cents per share
adding skilled workers to ,
Inventories (at the lower of cost or market)-i
123,434 -62,302 / p'ant personnel and employment has recently passed the 900 mark,
which compares with 700 employees three months ago.
The plants are
Property, plant and equipment (at cost)-—-1,136,616
390,091
Goodwill and franchise
—
1
.99,532
being operated 24 hours a day, seven <^ays a week.
A?r
In commenting oh higher taxes, Mr.
Kraut states greater reserves <
■;l Prepaid expenses.——^
.:
—
*;1..
25,311
13,291
were
being provided for 1942 payments, but that net income after
f
- Total
H
$1,504,486
$718,984 f. such provisions continues higher than 1941 and that 1542 first quarter
earnings were very gratifying. The company reported earnings of $2.30
A'
Liabilities—
i
a share for 1941 on 300,000 shares against $2.63 on a comparable basis
Bank loan
—■—_—. .$100,000 •:. •;
with 200,000 shares in 1940.—V. 155, p. 1311.
,
,
..
'A/'
<
Construction & equipment purchase obligations
..
34,238
(net)
Receivab'.e
•
debt
,'j
•
debt—219,760
—
Consolidated
stock, payable April 20.to holders of-record April 10.
common
of
10,983
A 1,000
and
*.
./ V
A--
♦
funded
•
-
•' ,u..r
13,194
t
expense—A.—18,765
Miscellaneous
'•
A 21
dividend
a
paid
12,779
parent company;
'
A?-' ;A::?.-'A..AA'AA.'-.
premium
expense—
on
(net)
to holders
15
discount,
interest
expense,
:
1940f
$114,431 ;
39,337
-
directors on
the
tools
—$152,076
67,028
—
$317,561
Payments during 1941 were as follows: April 15, July 17 and
25 cents each, and Dec. 20, 50 cents.
'
31
1941
.
and
Deductions,
& Lewis Machine Tool Co.—25-Cent Div.—
Giddings
on
per
-v^},
_
The
i
Condensed Consolidated-Balance Sheet,, Dec.
j
$438,520
*
t
.
.
$1,45 in *940.
-
$36,160
share
'
7,713
/
Feb. 1, 1940.
common share amounted to $2.03 in 1941
2—-Earnings per
$2.25
$134,559
$229,504
1°41
declared
April
payable
with
2537. •>'
p.
;
of its acquisition,
the date
Note
yeor.A-i:
at end of the
1942
Georgia RR. & Banking Co.—Dividend Decreased—
pares
- $40,741 ^
A
Note t—-The gross income and expenses for the year 1939 include ?
the operations'for the entire year 1939 of The Pepsi-Cola Bottling Co.
of Chicago which was acquired by General Bottlers, Inc., on June 30,
i
? 1939.
The operations of Spring Field Bottlers, Inc., are included from
'•*;£ Balance
(net)
debt
Minority interest A—-i_——10,877
Miscellaneous
—A
5,330
Other
A* The directors have
* $159,133
57,867
paid on preferred—.v
Cash
-
$307,894
20,523
*
1941
of
Amortiz.
jej
mon
*
' ? *$7,522
*
interest
Amort,
Jan. 1 to March 31
$42,850
revenues
—V. 155, p. 1407.
$43,454
-
'$21,489
*$5,005 '
,
1942
.
Operating?
/ , 30,024
•/
•
«.
Ino.
•
•
$5,479
Week Ended March 31
.
-of;'Chicago1.'priorto date of acquisiiion (Jane 30, 1939
-
Other
♦Delicit.
$78,473
$118,392
$173,335,
the year—~
for
income
,
106,469
102,737
....
A
taxes
Provision
?,
incomeA:
ry. •oper.
of net income of subsidiary---—
Miscellaneous
1,804,231
.
rents—
(Dr.
Non-operating
1,630,265
70,427
2,057,608
1121.
p.
Report— /?./AAa:'
9,206
3,899
3,771
4,390,033
$4,2£8,426
155,
Other
7,036
9,751,775
1121.
p.
Maintenance
share
.
>
f;y;A? ; .Grosi income
'
2,860
2,860
*.860
Deductions from income
;__._^_i._.A-AALA*? 6,667
3,115
982,:/-:
••''"K ?»' /
«/;•'; »•
AFederal /normaltax and surtax—-95,000
53,763 : ^.. 2f,312
/
Surplus applicable to
/Federal excess profits tax
167*00025,366 -A
Interest
stockholders?
pref.
.Minority
$58,367
7,699
,
"■492,170
10,642,558
., ■■■'.
V.
' ''v 'A. ■'' ■■■•'A'/A:'A/: " v
Green Co., Inc.—March Sales—
•
-■ :.:V..Ai-i';:.--'.
Greenwich
$205,502
,185,831
>
1940
-
.
sales of capital assets——
Mos.—1941
$298,745
240,378
-$7,763'%'
$22,654
»
13,322
11,804,676
1,062,994
.
155,
Period End.
—V.
'
operations
42,846
17,804,210
Sales
./A/A.;,;-::
:/-.a
$100,375
92,612
117,890
V''V
'
Loss on
$140,544 '/
expenses A A
N'
exps.
income'
Gross
operating
Ry.
$3,375,149, $1,912,160 $1,217,766
Ry. operating income
2,537,985
1,438,288 t
932,586
396,274
278.222^v. ^187,68^q Equip;'.,, rents—net bal- A
—
sales
Operating A revenue,
215,556 > Ry;
there were
155, p. 1309.*
.—Al—'
$440,890
A...17,502
J-:;-if**1'{'*■ £? vA;S;
——•'—»—
Net profit on
Other income
Georgia & Florida RR.—Earnings—
the
236,301
■§'A"
(H. L.)
A•..><;*AA-.*:AA->%
■
•
Selling, distribution and adm.
„
"
A
^
■
,
Subs.)—Annual Report—
(.&
Net sales
>
„
for
date
record
14,-* 1941,
at present.—-V.
A>A--A<<A
<.
7.".,'-..'.W-
"
13,
March
On : MarCh
stockholders, 4,000 less than
L;/A%AAA:;AA:.---v/VA.
y,.fi.A v
on
/A;A? ,';A.-V[Including Statesboro Northern Railway]
25, totaled 219,430, an increase of 1,074 y
A Period End. Feb. 28—
1942—Month—1941
1942—2
Dec. 26,< 1941, Secretary W. W. Trench
31.
•announced
1
paid
last
the
since
stockholders
of
$4,581,890
787,035
railway.
'
income.^.-"
■
:
Stockholders Increase—•
$5,051,723
764,020
oper.
"Deficit.—V.
.•
...
1941
$5,718,270
income___
railway—
.
1939
1940
1942
$8,673,323
2,280,526
a.
railway—
oper.
Net
'
The
Ry.—Earnings:
railway
from
Gross
Co.
1214.
p.
Prom Jan. 1—
Westinghouse manufacture.
•
155,
Great Northern
Gross
agent under
cash distribution
City of New York,
Dec.
$125,000
February—
-
14, 1939, announced that a
mechanical portions of the other ten are to, be
Electric, the electrical equipment being of
" amounting to nine 'cents per share will be paid on April 30, 1942,
to holders of record on April 15,
1942, of American certificates rep¬
• -..i'
:.v.AA?AA
There
are
four 3-car mul.tip'e-unit trains
resenting the right to receive ordinary shares of capital stock of
being supp'ied for .Sao
General Tin Investments, Ltd., who file a declaration, required under
/Paulo -suburban service. The cars of these trains are being built by the y,
Pullman-Standard Car Manufacturing Co. and the electric equipment ■■■»: the British Trading
with the Enemy Act of 1939, with The Chase
National- Bank of the City of New York.
Payment of this distri¬
by the General Electric Co.
.
'• A:
• "A •?.•• .-••
I:
Power for operation of the rai'road will be obtained from three sub*, bution cannot be made without such declaration being filed.
On April 15,
last year, a distribution of 11 cents per share was
stations, each substation being equipped with three General Electric
*
■
v
■
■
2,000-kw., 3,000-volt,-mercury arc rectifiers and transformers,
-<v made on the American certificates* :... .;. ' ;
also
faoture,
j
-.manufactured
.
.
for
,
Electric manu-
be- of complete General
will
locomotives
the
the
-January Great Lakes disposed of the Le Mars Gas Co. and
Independence Gas Co., both in Iowa, to the Iowa Public Service
of
Dividend—
principal on or
on
'•••"'
f
that date.
after
In
fixed
General Tin Investments, Ltd.—9-Cent
of approximately 60%
and a partial payment
shortly
6,000 shares common stock (par $20) at a
price of $14 per share net. Dealer's discount 70c.
—V. 155, p.
1311.A;
■;
a
;r
'
•
block
1942,
Paine,
April 6
—
Webber & Co. Offered after the close of business
/'•'-a;-;V,v;. A
•
?
Heavier rails are being laid and the 80-ton steam locomotives.now,
in service will be replaced on this section of tne Soroca-bana
by 20
3,000-volt
direct-current 130-metric-ton
electric locomotives of theV
most powerful narrow-gage type construction to date.
They will make
possible the movement of heavier trains at higher speeds.
'the remainder in three years.
Telephone Corp.— Stock Offered
General
undeiy.
electrification- now
the. largest railroad
is
the wcrld, an official announcement said. Approximately threeof the project is scheduled for completion1 in two years and'
way in
fourths
,
'
,1511
& FINANCIAL CHRONICLE
vVolume 155v1 Number? 4063
.
Water
System,
other
$78,669;
$1,855,000;
subsidiaries,
funded
accounts payable,
$5,494,000;
Inc.,
accounts
•
total,
The
until
-
Accrued
262,000
117,636
;
pref. .stock of
Minority stockholders', int. in 7%
:
subsidiary " -——-—
stock ($1 par)-—
-a;
"
$718,984
Despite
—V.
•
AV
April 8.
-
r-
Even
u
.
.
,
-
.,
dieted
- i
sales and net
that,
:
'
plants,
modernized
t
a
department,
research
well-organised
and pricing policies.
sales, advertising
•
At" New Manager—
both
a
$3
dividend of 25 cents per share on
cumul. pref. stock, class A and B, A
back
•
•
•'•/'
■*'v
/.A
Co.-—Liquidation Program Given
In
an
order
of
the
April
•
Dealers—
President
t
assist-
/
1
•
(
!
'*
J.
General
Jr.,
Schumann,
J.
Motors
in
dealers
on
April
meeting
.
,
new
stocks.
car
to /
plan
3 announced a
maintenance and
Ohio
controls
eight
widely
separated
subsidiaries,
Light & Coke
Co.
might be sold for
$500,000;
Paxton
155, p.
1213.
V
" ..-.%'•
•
• •
-
purchased
Corp.
Marin
to
theretofore
shares of
4,000
20,577 shares of common
Greyhound Corp. also purchased
Motors
stock
is
& Supply
held
now
miles operated—*
Operating
Co.
within
the
stock
so
the
;
—
—
revenues—.
Operating expense
Depreciation
Net
seven
.....—1_;—
Operating revenue.
.Other
1940
—
....
2
property——
intangible
of
Other deductions
Net
income
before
income
Federal
income
Federal
excess
——
—
taxes.*
935,015
1,114,807
—
income
40,229,164
5,462,744
52,662,615
7,547,807
$16,666,400 ; $9,955,737
—
Interest
Amortization
258,467,017 205,505,084
$76,876,823 $55,647,645
—_
income
Total
(111.)
I
'
■■
^
j
'•
;
V.''
-.
V
r
V'.
bonds.
••amended -plan-provides that-Great Lakes shall
maturity
A
General Shoe Corp.—25-Cent Common Dividend-
$17,781,208 $10,890,752
351,551
217,155
568,066
468,131
200,748
93,444
....
*
taxes
$16,660,842 $10,112,022
4,767,718
2,786,747
2,303,884
341,661
148,017
228,970
".
———
to stock of subs, consoli¬
$9,247,579
$6,948,288
———".———
♦Net ihc. applic. to
stock of Greyhound Corp.
tAmount earned per-share of common stock—
2,717,981
6,529,597
$2.28
2,199,979
4,748,308
$1.70
income
State
profits
taxes
tax.—....—— ~
..i—a..,
...——
'
of
undertake to sell
its, assets* and that the bond trustee shall make ratable payments from
time to
time
on
the principal of the bonds out of proceeds from
The
-
The
directors have declared
common
amount
a
dividend of 25 cents per share on the
Net
which 20 cents per share was
*' ' '
j.; /- 1 r>
•J i
paid each-three months.—V. 155, p. 1012. "
t:
.
..
v». }
....
j:
.
.
.
.- .<
n *
j..t..
»
sales.v;-..-
-
application .states that if the
and Jf>Athe
expected sales of. Great
r
-
r.
'■
income
income applicable
held
dated,
*Includes
Penn.
The
stock,-payable April 30 to holders of record April 15.* A like .
was
paid in. each of the three preceding quarters, prior . to a
u:
1...
'
amended plan becomes effective
Lakes assets are realized, the
management contemplates payment of interest on the bonds due May 1,
- •'•such
Net
>
the
-
A.
had
which
preferred stock of Pennsylvania Greyhound Lines, Inc., representing
of the outstanding issue.
.f/zA
AAA' A-'-
Greyhound
Bus
'
-
7..-
V
service
.
said.—V.
j-
rail
and
community.
December, The Greyhound
companies^
•
V-
ferry
-A/. ;'':AA/a
a suburban ser¬
Bridge
Gate
Golden
1941
.
>
the
the
across
certificates.
company
Gas,
replace
Lines initiated
Greyhound
Consolidated Income Statement for Calendar Years
in the distribution of natural or manufactured gas, and one
owning and operating gas transmission lines.
N. H.
Gellert, Great Lakes President, estimated to the SEC that
storage
Al/AAvA'-AAA' .A '
.
Pacific
Francisco
that over 99.7% of that com¬
Greyhound System.
It is the
intention to offer the stock of Greyhound Motors & Supply Co. for
distribution proportionately among the Greyhound operating
engaged
Gas Co. for $125,000; Rochell (111.)
Gas Co. for $125,000, and Water^
% A.V'Av-.AA""''
'
'
town
<S.'. Dak.)
Gas Co. for $50,000.- The total sale of these sub¬
Under the plan GMAC would advance to dealers who desire it, on :
sidiaries would bring an estimated $800,000.
each
General
Motors
car
being financed on- the GMAC Wholesaler
;
*
Sale of-the Virginia Gas & Utility Co. and the Martinsville (Va.) Gas
Plan, an amount equal to 1%
of the list price, or $15, a whichever r
,
Is
lower,
for each calendar, month,r.or. greater part thereof, after> ; Co. for $90,000 cash will be completed April 28, Gr. Gellert said.
■;
Great Lakes also has completed an agreement for the sale of the ?
Jan..31, 1942, until the car is sold at retail.
r
Gas Corp. of < Michigan to the Michigan Consolidated Gas Co., a sub¬
The plan supplements the recently announced General Motors offer /.
sidiary of American Light & Traction Co.,
Great Lakes estimated it
to
repurchase new, unusued' and .undamaged , cars.- from dealers : at -U
will receive about $800,000 from this sale.
AAA
their cost, pjus 1%
allowance, as explained above. , .
v v ;
. ;
-According'to 1 the rCommission's findings, testimony of N. Henry
"With
this plan
it is believed a substantial service can be renGellert, President of Great Lakes, indicates that the-company will not,
deredr: GMAC financed dealers by reimbursing them for out-of-pocket
on
May «1, 1942, have sufficient cash funds on hand to meet the
overhead costs until such time as the cars can be sold," Mr. Schumann <
of.
costs
(
,
,
trust
.'The
*
shares of its com¬
1941,
1941,
San
to
pany's
«
Corp.—New Plan To Aid
liquidating dividend 46,334
a
.
1,
this
The
of
3,
:
voting
General Motors Acceptance
-
March,:
In
7%
50%
.
v
as
^
July
from
served
11
Commission,
December
of
County
approving the plan.
Comprised of relatively qmall and widely scattered properties which
.could not be developed into an economically operated integrated system
»
A as provided by the Act, and where a refunding of its bonds which,
mature May .1, 1942, is clearly impracticable, the Commission held that A
General Investors Trust (Boston, Mass.)—6-Cent Div. A
the plan is the most practicable
and economic method available for
protecting the interests of investors and consumers to effectuate the
.A The directors recently declared a dividend of .6 cents per share. on
the
certificates of beneficial interest,
par $1, payable April
20. to ; provisions of the Act?
-.A A?. A;
Securities
of
holders
of
record
March 31.
Payments in 1941 were/as follows:
Great
Lakes
outstanding
with
the public include
$1,582,500 first lien collateral trust bonds, 5V2% series, due May 1,
April 21 and July 21*.- 6 cents each; Oct. 20, 7 cents; and Dec. 29,
10 cents.—V.
1942, and 151,431 shares of common stock (par $1), represented by
155, p. 600.
;
revealed- in
t
1941,
31,
bought $153,000.
-
Section
said in part:
operating
major
Dec.
Richmond-Greyhound Lines, Inc., acquired the
properties of
Peninsula
Transit
Corp. with routes extending from
Baltimore and Washington to Richmond and Norfolk along the western
shore of Chesapeake Bay.
To finance the purchase Richmond-Grey¬
hound issued $300,000 of capital stock, of which The Greyhound Corp.
to
under
in
As
possibility
Court
will
Conn.,
Haven,
,
March' 31,
E-JjOckman,
Corp.,
stock.
mon
payable
(simplification of holding company
system) of the Public Utility Act to enforce the terms of an amended
plan which provides for the liquidation of the company.
This was
.
.
,
the
permit an orderly liquidation of its assets and to avoid
of bankruptcy proceedings through a bond default, the
Great Lakes Utilities Co., a small registered holding company, requested
the Securities and Exchange Commission for authority to apply to the
order
In
the
District
of the company's Maxwell->
suar.eed the late John'F.
Sloan, according to Udell C. Young, Vice-President in charge of pro- ;
duction.—V. 155, p. 1309.
1
'
•
»
House
1
1942—3 Mos.—1941
^
vice
and sound
f • - ••
has been appointed Manager
plant in Houston,. Texas, to
value,
par
Approval of SEC—
'
Henry Aves
Coffee
on
Great Lakes Utilities
' '
:
•
Ltd.—-Accumulated Dividend—•
declared
of accumulations
Z'+'-S-i>■ /W--A ''A
taxes will show a new high recordf Mr. Chester pre- '
with nearly 90%: of net earnings before taxes probably, /.
going to taxes,-it may be necessary to reduce dividends.
The com- ,
pany's board of directors will meet this week to consider the dividend
question.
•V-'-A-"'1.-.-vv
; t
Mr.
Chester
told
the
stockholders
that,-General Foods has . ,36
.
-
New
unit," was merged Into The
and is now operated as a division.
Greyhound Management Co., having become inactive, was liquidated.
The Greyhound Corp. acquired all of the capital stock of Eastern
Michigan Motorbuses (now Great Lukes Greyhound Lines, Inc.) from
Eastern Michigan. Transportation Corp. as of April 1, 1941, in exchange
for
150,000 shares of Greyhound common stock.
The routes of the
new subsidiary extend throughout Lower Michigan.
The former parent
corporation is in process
of liquidation and The Greyhound Corp.,
through its ownership of 38.7% interest in that company, received
April 15 to holders of record March 31.
Distributions on these issues during :1941 were as follows: April
1,
July 3 and Oct. 1, 25 cents each; and Dec. 31, 75 cents.—V. 154,
p. 1492.
'c • ''
V
■
no
profits-before
.
*
trustee,
1
-
-
,
Llnes,«*#nc?T*a
Teche
$8,439,584 $27,869;122 $21,865,607
"
directors recently
The
account
• ?
record In
quarter
1120." '
p.
Great Lakes Paper/Co.,
.
'
-
General Foods'-first
though
155,
A.,
B.
'#.vAAA/-, y A- A>A: A/A ■ A iA;
.
President C.
/A'AA?'A,>S-A:;A:AA.
502.
p.
1942—Month—1941
$10,439,845
Sales
1
difficulties,
war
155,
(W. T.) Grant Co. (Del.)—March Sales—
Period Ended Mar. 31—
this corporation does not anticipate any v
halt in
its advertising and selling program,
C. M. Chester, Chair-,/
man,, told
200 stockholders -at their 20th annual meeting held on
A
h
debentures.—V.
convertible
N.
bids
sinking
Greyhound Corp.—Annual Report—
...
Corp.—Maintains Sales & Advertising
Program—May Reduce Dividends—'
•
on
1559,
p.
A
depreciation, etc., but before any provision for Federal
excess
profits taxes.
tBefore provision of $15,037 for
and
Bank,
receive
5%
136,
V.
,
$16,354
t$54,396
-
Haven
18
Greyhound
134,559
—--wife—: $1,504,486
£
155, p. 696.
1941
1942
,
,
New
April
10-year
taxes,
interest
231,682
—*-r-
General Foods
"After
,
A--—--—--—-—--A--..
81,912 •
v;
229,504
.»
—
Total
—V.
83,012
profit
income
40,850
-•
499,296.
surplus
surplus
Earned
16 Weeks Ended Feb. 21—
49,613
—
stock ($1 par)_
Common
Paid-in
40,850
•
—--ik--
(Adolf) Gobel, Inc.—Earnings—
.
♦Net
.
v
"
Preferred
,
$41,604
11,355
79,130
61,493 .*■'
V • 36,399 , ,
expenses
Accrued Fed. inc. and exc. profits taxes (est.)- />•;,
Customers' deposits on bottles and cases.-—— ;,r
Bank loan, deferred maturity--——
*,
of
,
payable •——a.—
67,580
—-—
i.. 20,697"
Accounts
t
'■•{
1004.
p.
for the sale to it of not to exceed $59,800
fund debentures due^Jan. 1, 1946, atj.a flat
price not exceeding principal.
Interest accrued to May 1 will bis paid.
Sinking fund moneys held by the trustee now total $46,156.84.-—
;
.
154,
(The) Greist Mfg. Co.—Tenders—
1-
.,
.
$13,636,730.—V.
stock
■
by public—
equity
in
Greyhound
which
net
income
tBased upon the average
.
i
•
■
a
vy->
applicable
to
Inc., 50% of voting
Greyhound Corp.—.
Lines,
is owned bv
t
.
*,
?
.
-
609,828
.
■
.
563,083
number of shares outstanding during year.
'•
*
1512
THE COMMERCIAL & FINANCIAL
CHRONICLE
Condensed
;
V
Income Statement
(Company only) for Calendar Years
)■
.
."VV
Total dividend
Interest
'v
•;
income—
—
Net income of
Eastern
1940
$4,274,196
57,419
Cash
———
Notes
3,560
and
Total
j.1
income
—
$5,198,805
—
^Expenses
and
Net income
A Other
$4,893,043
AY
405
__
income
Total
$4,151,766
'1
1,531,683
deferred
*
debits
Total
income
$4,893,449
A
6,709
$4,152,599
1,642
intangible'4'property——Wr~-A.
81,632
—
——__L__
-
Amortization
of
Preferred
Common
V'1'''j.'A'i'Af,1'A'AA.'wjA
Net
income
Provision
for
before
taxes—-A-.:-.——
income
Federal income
stock
—
Net
income
$4,805,108
$4,150,957
taxes—226,400
————
A
——$4,578,708
——
Note
$3,933,957
payable to bank,
payable to bank, due within
Accounts
the
statement
undistributed
respective
*
above
does
income
net
not
of
reflect
the
equity in
companies for
the
associated
Taxes
Other
Condensed Consolidated Balance
Assets—
Cash
Sheet, Dec. 81
/A'AYA-A
.
1941
,
$8,962,882
3,910,771
supplies.-a—.—-————-—A
2,987,340
Tangible property (net book cost)-j-——
i.-' 34,025,343
Intangible property (net)————26,038,672
investments.
notes receivable———&
•
133,104
and
Investments
A'//
and
advances:
•
•
I. •••••";
a
Subsidiaries not consolidated
Contract
Others
Special funds
Deferred
,'
3,697,200
308,828
1,242,171
—
i—
A: Total
904,750
of
$75,737,907
payable
equipment—1,140,510
Accrued taxes
8,757,733
Accrued bus development cost,
98,418
payable,
accruals
Other
A;
.217,082
,
V
15,806
45,184
credits
for
Reserve
Other
Operating
injuries and damages..—
433,254
308,932
14,470,938
15,173,148
3,227,680
17,246,194
surplus
'19,261,289
*
1
-
Comparative Balance Sheet
Assets—
Cash
—
and
1941
-
cost)
28,682,603
45,495
25,662
.
bank.—_——___.——
.
payable,
$400,000
344,183
——
——.—
247,062
108,406
3,227,210
•
17,246,194
I
•
Note—The
Lines,
Inc.,
liquidated
division of The
Dec.
at
the
31,
assets
1941,
and
Greyhound Corp.—V. 154,
p.
and
liabilities
thereafter
of
book
to
to
amounted
$840,000.
shown
as
values
of
operated
as
have
of
a
A.
Realty Co. of Canada, Ltd.
directors
of
payable
ment,
April
also
15
50
4127.
p.
have
declared
accumulations
holders
to
cents
per
dividend
a
the
on
of
7%
record
share,
was
of
50
cents
made
31.
on
share
per
preferred
B.
the
in
paid
31,
'
on
1922,
3,050,837
20.000
A.
\
;
f
—
The
previous
pay¬
690,282
•'
v
15,
1940.—V.
150,
July
values
and
of
431.
p.
stocks
ments
$4,711,212,
Indiana
of
The
^
has
been
Cd.—New
been
elected
as
with
research
a
General
and
11.
the
chemist
and
been
George
been
Nieder
associated
with
Vice-President
as
the
company for
in
April 6 declared
stock,
similar
A
addition
the
to
$1,
par
Total
four
June
made
was
quarterly
of
1
30
Amort,
Loss
dividends
of
30
of
cents
&
•
.
'
February—
Gross
from
Net
from
Net
ry.
Net
from
ry.
—V.
*
A.
,
ry.
496,388
from
Net
from
ry.
470,214
10.
March
31.
A
1942.
issue:
543,363
10,
paid
the
dividend
dividend
a
6%%
of
of
$2
preferred
$1
share
per
July 10
and
Oct.
10,
$1
each;
share
per
stock
to
.:."A
on
;
on
A-
15,
Dec.
of
the
*
RR.—Earnirigs—
$107,802
♦18,674
$79,981
3,395
•18,302
244,148
68,865
>
•15,585
Webster.
C.
L.
168,808
*12,438
*63,051
•57,049
and
'v
J.
Webster
155,
on
been
of
the
small
Sir
Henrv
have been
Borden,
elected
George
directors.—V.
appointed
B.
147,
Foster,
fact
loans
that' there
and
is
constant
discussion
about
States Utilities
Period End. Dec. 31—. "A
Operating
revenues
Operation
349,822
_______
Maintenance
Other
Net
Other
59,313
41,864
574,582
584.278
128.490
123,676
1,552,856
1,456,930
59,500
1,625,100
681,000
82,532
income
68,577
1,093,807
1,002,754
$229,053
$318,753
Drl4,719
$3,127,935
'
Period End. Jan. 3)—
Operating,
Other
Drl2.134
A A
20-210
16,986
A—
—
&
$216,919
(none
above
estimated
over
include
income
$6,478,473
2,116,160
56.160
1,028,408
632.663
83.340
988,628
ODer.
50,000
608,400
531,200
$155,718
$206,283
$2,021,198
$2,288,651
A
appro.
revenues-
income
(net)
—
A AAA
443
322
5,321
3,943
$156,161
$206,605
$2,026,519
$2,292,594
$198,423
$1,903,620
$2,426,334
c-
584,968
584.968
$1,318,652
$1,841,367
Other int. & deduc.—
Int. chgd. to const, (cr.)
56.250
56.250
675,000
675.000
2,952
r
10.249
100,455
117,544
206
1,358
5,462
4,500
$141,464
$1,256,526
$1,504,550
period-—
414,342
414,342
A
the
last
under
five
$157,800
$775,100 for the
12
and
excess
the
surplus
profits
tax
Excess
Profits
months
accrued
months
of
for
the
31,
the
Tax
year.
excess
ending Dec,
under
1941.
Act
The
profits
Revenue'
of
in
Act of
1940)
amounts
tax
Net
Divs.
was
income.
appli.
to
$97,165
pref.
stocks
Balance
for
the
_:—
——_
shown
December*
'
•Includes
month
and
nrovision
12
months
for
Federal
ended
Jan.
taxes
31,
required under the Revenue Act of
of
1942.
$842,184
$34,200
for
additional
1941.—V.
155,
p.
to
975,510
33,151,831
44,824,830
*
38,555,493
34,129,076
IIII__
;
_
2,226,215
II
32,167
39,463
30,968
38,516,030
34,098 108
1,628,625-1,624,265
1,573,950
48,732,890 Y'42,566,447
'
1,633,105
together
Marketable
A
'accrued
gNotes
bonds redeemed
called
or
for
amount
*
'
and
redemption during
AAA-'A'
Balance
Sheet,
Dec.
'
-
securities
at
31
'•>■--A'A;
accounts
less
reserve
466,260
12,920,294
__A
of working funds, A
and
adv.
reserve
Patents
...
,
to
ore
mining
plant
assets, less
and
at
cos.
120,457
cost,*
1,843,248 A
1,810,908
669,825
790,489
99,352,231 102,902,376
43,697
42,961
reserves
equipment—
goodwill
charges
-
115,044
_—
and
and
—
1,169,377
_______
1,250,152
177,527,539 173,691,939
Liabilities
Salaries,
Interest
-A"
—
payable,
on
bonds
Fed.
Accident
AA
A
trade—
and
wages
other than
for
accrued—.
accrued—.
Federal
income and
debt
due
within
A
—
income
excess
one
•''"A'A;-A
taxes——_
profits taxes—
year—.
one
year
—
———:
liabilities
Operating and
45,514
reserves.^
•''
270.000
1,795,572
6,372,185
83,349
1,400,000
48,200,000
52,480
6,746,470
5,581,809
60,755,310
—_——_______
—
$71,046,391
91,913
1,400,000
-.
5,186,863
1,427,922
—;60,979,310
fCapital stockEarned surplus
reserves
A A;'A
1,684,602
269,850
2,115,475
t2,315,975
46,680,000
—
contingent
' A
—6,465,541
commissions
compensation payable within
notes
•Alfter
34,055,530
A
:
Total
Funded
179,707
12,230,738
28,345,624
——
invest,
.A
$
20,308,621
plus AAA;: AA'--"
receivable
employees in resp.
etc.
•Property,
1940
A
32,601,940
interest
in
less
'1941
-
_______1
cost,
advances,
and
$3.12
discount
-A-'-A-'A A AAA''- A.A $
and
from
Serial
bond
A':, ' A
Investments, advances, etc.:
Res.
$6.73
unamortized
Inventories
A
7
$8.87
with
•
Due
1,735
______
2,700
hand and in banks
on
Total
the
3,940,693
Crl47,271
Consolidated
for
in
/ 48,732,890
42,^66,447
177,527,539 173,691,939
depreciation and depletion of $77,704,433 in 1941
1940.' fAfter deducting U. S.
Treasury tax notes
—_—___
current
1013. ' "
.:rrA
4,916.203
34,098,110
$1,090,208
the
-
'
10,931,016 "
______
Assets—;,
Cash
.A
Taxes,
Gross ^income
:
Int. on mtge. bonds-
_
-
,,
.38,516,030
1,046,320
58.400
taxes
res.
A
_
r
,
6,473,633
$9.08
for,
A-A '
Deferred
119,973
.
4,457,383
1,979,639
taxes.
.
"
Deferred
stock
common
•Liability for estimated
accrued
1,279,895
$114,313
for
$6,762,794
161,736
168,648
$3,706,230
1,244,526
dividend requirements
Balance
1941
$3,148,146
105,612
amortization
Balance
Preferred
$304,035
102,605
.
1942—12 Mos.—1941
$557,519
.
.
6,308,800
638,642
v
share
in respect of
Accounts
Net
Other
Balance
$584,264
exclud.
expenses,
direct taxes
•Federal
conting.__
paid
deductions—_
per
Other
1942—Month—1941
___
»
1,120,523
8,141,585
'
49,226,960
for
^ >,'
•A.;/
">
81,527
Oper.
Prop, retire,
revenues/
income—net
Interest
revenues
v
1
-
______
surplus
'
interest
$3,689,244
taxes.
taxes
operat.
3,319,263
202,400
__
Depreciation
•Federal
3,861,877
-
14,450,385'
42,566,447
reserve--
provided
Inv.
292,544
•
14,824,053
surplus—
year.
A
the
Idaho Power Co.- -Earnings—
<
1,750,013
'
surplus
;
cap. stk. (no par)_
-
R.
A'
Cr.1,277
^
4,611,199
w
15,650,000
Earned
Co.—Earnings
1942—Month—1941
1942—12 Mos.—1941
$1,051,610
$904,914 $11,836,157
$10,733,468
''
-
•*
8,163,540
expense
methods of stating such charges. B.. E.
a letter to the bankers entitled
"Charges
Instalment Loans to Customers."—V. 155,
p. 638.
Small
——
^
Cr7,943
6,016
2,551,680
_______
7,605,000'
excess
6,660,513
•Or
Vice-
and
1929.
p.
4,326
Crl23,073
: -
taxes.^
-
Amyot,
2,603
;
dividends—/_
Shs.
:
-
Henderson. President, has sent
on
Gulf
A
iiVA:v
"V
A A Aa AAA-A;
Finance Corp.—Letter to Bankers—
'
view
rates
has
1,872,507
'
A
•Premiums
Managing Director, has been
Director, to succeed the late Hpn. A
McConnell
4,800.470
:A
^
1,839,554
-A..
r
A'
*
142.499
12,712,753
' <
taxes__
v
12,570,254
: :
-
A
—__L
invest.
on
61,488,670
21,608,463
1,862.013
186,429
>•
Ad.lutor
Household
In
G.
1938
cap.
profit ---A-—
Miscell.
and
Managing
John
President.
Howard
:A.''t
174.127
1013.
p.
*29,777
♦10.595
46,472
6,200
•4,529
,
President
Lome
1939
$87,802
12,735
*1,776
311,735'
income.—
155,
1940
29,482
railway—.
Vice-President
appointed
1941
$151,021
,v :
Walker,
—<.
income
Earned
J.
*A
93,738,202
above
;
total
>
-
1939
72,158
chgs.
for Federal
Provision
"VA,
$6.—V.
out¬
with
29,625,945 A 21,786,354
7,075,408
6,463,424
7,577,535
market. secur._
Total
ac¬
Feb.
on
■
the
on
capital stock out¬
.177,891
1,375,218
Restored from
holders
paid
was
iA-aAV^A AA
::AA'AA ' A A-' Ar
following payments were made
the
1941,
April
10
on
920.
p.
A.
railway——_
"Deficit.—V.
record
April
on
accumulations
pro¬
year
•
99,104
1942
oper.
of
the
the
compares
on
r
1940
-
Surplus for year—
extra
Holt, Renfrew & Co., Ltd.—New President, Etc.—
income— AAA"
From Jan. 1—, AAA
Gross
2,854,288
1,126,900
3,341,340
1,015,654
income
oper.
Net
48,433
1121.
railway——
railway—
from
273,941
4,065,415
from
Net
$1,397,959
487,103
218,113
company
count
During
railway
p.
The
:
A A AA
Gulf & Ship Island
Net
1940
563,690
.__
railway—
February—
Gross
1941
$1,599,166
243,241
—
income.——
oper.
155,
1942 A,
$2,011,388
railway—.*.
oper.
Net/from
A
A
A
for
during
share
per
This
share
174,508
facil._
other
loss
Common
Holeproof Hosiery Co.—Accumulated Dividend—
RR.—Earnings-
railway
From Jan. 1—
Gross
Ohio
&
per
283,914
—
on
Net
of
Gulf Mobile
$16.40
year.
$5.65
capital assets
Previous
Ta;a
income
.
;
A
share
;
an
to
the
to
47,290,394
emerg.
profits
A*
record
per
paid during 1941, the company on Sept. 29 of that year paid
30 cents per share.—V. 155, p. 696.
against
29,451,437
depletion
disposal of
for
in
share
per
required
Government.
the
of
1941
—_
charges
fnet)
Res.
154,
Loss
last. A,
•
improve¬
being expended at
amount
facilities
A 47,006,480
and
of
on
Prov.
cents
2,
for
equivalent
interest
Other
charge
sales.
years.—V.
holders
to
March
on
increase
charged
close
income
Deprec'n
'
dividend
a
payable
distribution
taxes
the
at
-^Other income
Hires Co.—30-Cent Dividend—
on
common
all
$26,788,272,
earnings
Bond
'
to
__
Manager
charge of
many
year
Mill
1940.
year
v
Net
-
267.
p.
in
Works
materials
sell., gen., adm. & all
operating expenses
155,748.677 112.721,901
-
Vice-President
during the
:A.AA/aAAA(''A-AA A $A/:AAA: -AS --'V :;-A
$
'AA''
$
AAA-A
Net sales
202,755,157 142,173,338 115,346,665
74,058,924
Cost of goods sold, incl.
;
'
A
company since its incep¬
and since
1936
as
Vice-
elected
of
to
stock
assets
has
Report—
large proportion of this
a
Harbor
defense
total
'AS'
Treasurer.
Jr.
1,840,355
Consolidated Income Account
President, Etc.—
President
March
on
associated
152,
3.337,576
2,364,319
Calendar Years—
V'A'.':
1941.—V.
15,029.587
3,976,112
3,964,146"
v
April .4, *42 Mar. 28,'42 April 5, *41'
42,759
41,722
33,276
of
-
-5'
16,677,413
3,495,939
$9,209,459, equivalent
standing on Dec. 31, 1940.
their
(
779,058
taxes of
equi¬
in
1,145,251
23,947,125 A 18,007,092
6,854,353
5,321,699
railway
railway—
amounted
shown
as
1,951,168
1,803,590
products were 2,695 687
tons, as compared with 2,137,997 net tons in the
year 1940.
During the year the company expended for additions
and
dividends
the
1.488,445
155, p. 1408.
duction
represent
1939
$7,179,877
net
the
$948,449,
The
A
-
1,906,344
1—
$48,352
2.000.000
i
1940
$7,995,189
The rat® of operations, based on
ingot production
1941, was 103.7%, as compared with 93.7% for the
shipments of finished and semi-finished steel
par
Thompson
directors
15.
In
■
Jan.
A.
1941
^ taxes.
1,324,420
—___—_
•
a--a
2,601,801
Inland Steel Co.~Annual
: A-.v-'AA-AA:
above "statement
•
the
May
2,628,199
$2,490,214
During the year 1941 the rate of operations was
considerable in
A excess of the previous year, all of the company's plants
having oper--.
ated at practically full
capacity for the entire period of 1941.
New
A high records were made in shipments, sales, and employment/ However, while gross profits were
greatly increased, the net earnings re¬
mained substantially the same as
1940 as a result of increased Federal
$5,145,400
to
(2)
the
154,
Chemical
first
and
F.
have
The
on
$5,118,413
$8,811,822
Cars loaded
—V.
J
;
AAA;
1942
:Week Ended—
on
Oct.
and
■
subsidiary companies
Davis, who died
(Charles E.)
stock, i
$2,453,026; $5,224,721
tl,491,998 " -1,252,343
t3,072,816
from
from
Federal
Accumulated
—
cumulative
March
30
VA■.■•■y ;A
share in each quarter during
per
Hoffman
research,
Both
:y
The
share
per
July
A
declared
stock,
Hoffman has
James
1492.
'
$2,460,475
income...
From
Net
684
stockholders.—V.
cents
in
22,983
.
Carloadings of System—
a
dividend
of
50
cents
per
share
$25, payable April 14 to holders of record
This compares with 75 cents per share paid on Jan. 14, last,
President
Teche
Dividend—
account
AY
per share
holders of
to
15,
543.
p.
$7,994,392 $17,823,460 $16,470,435
5,541,366
12,598,739
11,352,022
.
6,173,339;
; Net ry. oper. income—
^AAAAAA^yAAA^^AlAAA-yA^A;-^®
p.1699.
Guardian
30,
'AaAAAAAAcu•A;aAA-AA:,:A;"'x..:
received
amounted
succeed A.
Mr.
$35,460,222 $30,731,664
figures~"Mnclude
1941
cents
30
stock
Dividends
common
Louis
to
8,377,483
$8,633,814
;
v
oper.
ry.
A Gross
•
directors
85
tion
Total
April
.
Hilton-Davis
3,227,680
18,399,353
9,410,610
.
the
April 7.
and
*
from railway—_
$12,006,887
from railway
,3,727,738
3,097,047
1941
the
32,152
112,696
;
—
.
cents
::
251,183
.
stock.'
stock
surplus
five
V11'
Jan.
154,
y'" 1942—2 Mos.—1941 <
$17,873,746 $16,516,214
> SO,286 ^
45,779
$8,017,375
25,188
taxes_______
February—
Net
$5,145,400
The
on
282,000
—.
preference
payable
'
'A'"' *
8,657
1,093,770
injuries and damages
—
of
—
in
follows:
as
each.—V.
1942—Month—1941
$8,659,002
Gross
A Net
Haverhill Electric Co.—Smaller Dividend—
38,756
credits
Common
A
his
New
$59,177
statements
245,848
25,844
—
reserves
Earned
from
Pay 5-Cent Dividend—
value,
par
no
'A
Note—(1)
645,446
—_—
Equipment and other long-term obligations
5%%
has
succeed
of
dividend
a
;
56,616
1,075,568
cost
stock,
subsidiary companies
1,085,169
———
development
accruals
Other
to
Senator
standing
$250,000
.'
____
equipment———
taxes
for
Elizabeth,
Co.
S.
Total
ties
payable
Deferred
President
April 10.
This compares with 25
1941, and five cents each on April
151, p. 3562.
in
$1
no
com-
' A;
Illinois Central RR.—Earnings Of
Company Only—
A
27,391,876
31,495
advances..:
.
payable,
Reserve
also
Capital stock
Surplus
109,476
were
15,
This
AA;:-AA^;::;:;.;A.A,A1rA-a '>A''-:,-AAArA-A:AA; :Aaa a a* aaa"
V;
of
.
Liabilities—
Other
is
declared
Liabilities—
285,159
107,147
119,307
and
bus
U.
31,
paid
Accrued
Water
former
Total
$35,460,222 $30,731,664
Accounts
Hackensack
Kean,
Bank
Reserves for taxes
1,808,792
—___
charges
Accrued
State
80,000 shares Fafnir Bearing Co.
*
;
1,000 shares preferred Tuttle & Bailey, Inc.
9,994 shares common Tuttle & Bailey, Inc.
8.219 shares preferred Hart 8c Cooley Mfg. Co.
14,987 shares common Hart & Cooley Mfg. Co.
264,266
1941
Oct;
stock,
4.
A'A"<•,,'■
—
$2,609,730
A,
April
•
950,112 ; 1,893,012
2,052,475
•fFederal .taxes for 1942 have been accrued at tax
rates now in effect.
: —v. .155, p. 1408.
a
Kean
Other
82,141
funds
Accounts
the
F.
as
have
common
1940
1,242,394
,
Total
Note
Mr.
Investments—
600,960
_____
supplies
Investments
Deferred
$66,558,187 $64,859,802
Cash
Dec. 31
and
preferred
record
15, last.
NBt oper. income—12
-1$968,477
Net income—-.A—
: :
849,403'-*
director of the company for more than 37
time of his death in December, 1941, was Chairman
Assets—i
17,454,185
—$2,785,381
___"
property (net book
Intangible property (net)
Special
—A.
■
,
-
Tangible
A:
$87,630,949 $75,737,907
(Company only)
A
Temporary cash investments
Accounts receivable
Material
public
»
Total
,
of
Hamilton
Jan; 1, 1942—
1,924,296
3,227,210
stock—v—*__A__wL_A: 18,399,353
Earned
3,668,231
(The) Hart & Cooley Company, Inc.—Balance7 Sheet
,
1,817,208
;
.AA_—
Capital stock and surp. of subs, held by
preference stock
5 Vn%
Common
127,019
AAAj'AAAA^
of the National
director
late
directors
record
10,734,226
273,260
;
aJ
revenues-
"Net oper..revenues—^
7,598,535
1941.—V.
684,083
277,480
Jan.
"I&cpIiDne^
Period End. Feb. 28—
Operating revenues-.
Operating expenses—
58,420
AAA." AAaAaA
,
President
Board.
the
Dec.
329,667
507,906
12,496,908
_—__
reserves
,
.
payable —.—
'
Equipment and other long-term obligations—
Deferred
A,A.
and at the
The
on
3,845,448
645,443
1,021,513
-
Advances
,:V. i
1,013,557
■
Hart Battery Co., Ltd.—To
3,542,924
Accounts
l!
'AY:
$250,000
5,419,646
——
15
Uncollectible oper, reih«
i:'
the Elizabethtown Water
and of the Elizabethtown Consolidated Gas Co.—V.
155, p. 1311.
Co.
Illinois Bell
?
Aa '
■
payable, bank ——_____————$400,000
Accounts
A '
A
256.330
1,934,155
—————————
a
the
the
July
Operating
credits
Kean,
elected
years,
15,
404,298
216,767
Jersey, who has served
LiabilitiesNote
•
27,300,000
liabili'tles^Au_iAi_i^l'd^__A:ii^AA' ';,>A 26,612 '' -A
—
father,
1,027,080
$87,630,949
——— —
been
April
460,386
A.
?———______
155, p. 263.
John
1,588,044
and
2,500,000
Hackensack Water Co.—New Director—
:
313,979
972,347
928,756
—
charges
V",
2,979,998
;
—_—
receivable————.
_A
—V.
holders'of
to
'$1,200,6831$2,151,905
Total
A
1,225,025
30,651,838
,
A
$1.10;
v> 600,000
25,237,072
cash
and
Material
f
*
2,714,131
Accounts
:
deferred
15
during
.
•
600,000
Depreciation reserve
8,724,123
,1.7 Reserve for injury and damage claims—*
115,625 *
Earned surplusi-' ' 3,865,391
1940
^A:i'
.
$9,669,9%
3,789,524
—_——
Temporary
April
1,900,000
year—_ y
—„————--—__—.
current
Total
,A
-
payable
pares with $2.50 per share paid on
A 1 * Payments on the above issue
:r::269>419
one
accrued
r
$9,999,400,
11,101,125
27,300,000
due 1943-1945
payable
accrued
Interest
year.
value,
par
v"An'
Customers'
corporation's
'
D
Accumulated Div.
75 c&ts per share on
A ^ The directors have declared a dividend of
'h account of accumulations on the $7 cumulative
:v A
11,101,125
bonds—series
-———
217,000
.
Note—The
2,076,542
$9,999,400
—
stock
mortgage and refunding
3Vz%i due 1969
Note
,
Hutchins Investing Corp.-V75-Cent
67,348
'trl W'-'■'A1
First
;/
A
_Ai $66,558,187 $64,859,802
Liabilities—
■
.
741,418
95,850
1,833,931
/
Total
Interest
.
833
....
.
Immediately following WPB order L-73 of April 2, curtailing metal
furniture production at once and
halting it on May 31, this
corporation, Chicago distributors of office supplies, business
equipment
A and paper,
announced a new composite wood
filing cabinet using only
Y 2.7% metal.
"The Fortyniner", is its name. The file is now in
producA.tion at an Indiana factory.—V.A154, pA 1523:,-A, i ■
office
1,399,918
1,024,903
^"A'A
A
7,162
—
Monday, April 13, 1942
Horder's Inc.—New;Wood
A'
•
12,897
.7,
—ii.
—_..u—-
,vU!
.A.
■-
1940
.
•.'>'<■''.•*•> »A-
ac- '
supplies
^Prepayments
{
instalment
——
Materials
183,409
A
1941
A-A-V2.779
receivable
receivable, including
less reserve
counts,
$4,335,175
A; .305,762.
_
31
3,381
warrants
Accounts
Dec.
;'A'A,.A-_
,
investments——$61,398,849 $59,521,719
A, 656,810
1,032,797
Special deposits
.
,11,854
Comparative Balance Sheet,
vTotal plant and other
Greyhound Lines of New
England
•
'
.
Assets—
1941
$5,119,589
'
67,362
___
—
A".
'
_______
Volume
and accrued interest of
no
for
1941
and
doubtful
ihl940.—V. 155, p.
$923,531
•
'
'
i
'
<'
"
^
*
Insurance
See
<i!"
\
■.
»
A
V<
••
■
Kansas
1
•
t
'
'
■.
The
«;.>
'
/
-
Thursday, April
•
in
155,
The
84
International
Minerals
Consummated—New
'It
announced
was
Chemical
the
Co.
into
was
tificate
New
of
York
of
and
of
the
State
share
the
merged
The
ings
par
common
York
New
admitted
Total
'
;
;
Chemical
&
Corp.
debentures,
:
'
■
'
.
the
New
343,028
$121,599
$52,927
$1,066,363
$724,263
163
149
1,267
income
$53,076
$1,067,630
$725,091
fixed
329,998
330,769
$121,762 v
-
charges—
22,973
155,
64,172
788,094
•$33,188
•$50,461
•$392,374
.
•Net
profit
tEarnings
$901,664
$1,19
provision
$1,058,464
and
Note—A
in
for
Federal
$1,262,265
tOn
spectively.
v
the
and
income
$1.70
profits
excess
the
■fe^Note—Federal
in
73,847
154,927
income
for
tax
income
1942
accrued
the
at
class
is included
1942
and
3-
of
6-month
not
class
and
A
•
'
—V.
—i.: $2,937,744
i—.
155, p.
1121.
$2,261,488
Tecentiy
7%
the
on
stock,
and
$100,
par
1942—12 Mos.—1941
v
operat.
2,771
taxes'
"
,
20,071
of
39,211
•The
value, and all payable April 20
holders
of
record
March
31. ** 8imflar
distributions were made
each of the 27 preceding quarters.—V. 154, p.-543.
C,
all
of
$100
par
2,623
$100,013
153
458
5,963
The directors have declared
stock,
common
1, ' This
May
par .50
payable
cents,
with
compares
dividend of 8 cents per
a
10
May
25
paid
cents
holders
15,
to
on
share
on
$5,147
$105,976
$70,056
$67,317
1,811
1,923
23,625
23,625
$3,224
$82,350
$46,431
24,374
24,374
$57,976
$22,057
amortization
dividend
requirements.^—
J—
—
profits
-
,
.1941
Y
r
Note
v \
f
"
"
t
156,849
2,330,831
24,722
3)__
'L
',
,
$55,101
141,369
•-■■.-•
2,111,055
12,225
"
-
■
$2,335,229
$2,525,589
244,987
210,101;
—_—6,600
-
<t
:
^
tax
include
above
shown
December,
in
accrued
$796.67
for
$1,581.67
1941;
for
Cash
less
counts
to
in
the
and
Materials
the
ex-dividend
paid in securities have
market value of such
the
•"
being
';■
1%
been taken into
securities on the
■
If such capital losses had not been
be
substantially greater and net
less.
from such income.
the
provision
would
income correspondingly
ordinary
,
Balance
Sheet,
March 31
f
'
1942
Assets—
Cash
28,867
1941
.
U.
17,147
Other
$1,128,977
$1,205,010
321,258
$348,200
$348,200
c.
125,000
stock
338,332
3,803,049
obligations (at average cost)
Government
S.
>800,000
securities
—599,185
notes
discount
(at
,
Miscellaneous
(at cost)
1
54,560
—
advances
and
investments
56,506,234
950,687
1
59,845
55,376,492
950,687
cost)—
average
estate corporation
real
$7,227,702
216,245
$3,632,604
16,294
banks.^
Dividends receivable and interest accrued
960
354f
13,239
in
Receivables for securities sold-!—„——
Other real estate investment-'—
stock,
$2,130,209
—
;;
w
dividends
dates.
Investment in
Preferred
——
;(4)—The provision for Federal income tax changed against ordinary
for the period has been calculated after deducting long-term
52,121
34,701
—
Common
;,
capital losses
Liabilities—
record
last, and
50,000
tax
income
61,704
—
Total
the
-
,
'
basis
$968,178
———————
debits
1942.
31
deducted,
1940
36,221
supplies—
deferred
Total
$1,925,799
ac¬
reserve..
Prepayments
Income
Income-
(3)—Taxable
months
12
72,746
instalment
including
receivable,
Federal
inc. tax
management
income,
.
___——___—
Accounts
54,809
$2,170,209
40,000
for Fed.
approximately $7,134,295.
°
;
the terms of the management agreement no liability
compensation accrued for the nine months ended
for
estimated
Comparative Balance Sheet/Pec. 31 •
1941
\.;%V v::v:;ivCv
-
Assets—
44,353
before prov.
inc.
33,826
75,808
45,528
48,798
■'
expenses
(2)—Under
$1,047,749
.
of
Dec.
31
$28,667
(see
*
v
$83,000
$1,875,799
Notes (1)—The net realized loss on investments for the nine months
ended March 31; 1942, was $1,011,636.
The net unrealized deprecia¬
tion of the corporation's assets on March 31, 1942, based on market
quotations, or, in the absence of market quotations, on fair value in
the opinion of the directors, was approximately $14,906,387.
The net
unrealized depreciation on June 30, 1941, computed on the same basis,
2,739
$8,461
amounts
excess
Island Mountain Mines Co.> Ltd.—8-Cent Dividend—
.
securities
in
fees
Short-term
.
March
Ended
-
Net ordinary
ending Dec. 31. 1941.
The company does not consider that it has any
liability for excess profits taxes under the 1940 Act.
cents per share on the 6%%
cumulative preferred stock,
B, and 75 cents per share on
the 6% - cumulative preferred
series
by
15,513
24,882
$4,689
.
$6,650
&
•*
directors have declared dividends on account of accumulations
cents per share on the 7% cumulative preferred stock, series
stock,
Months
Nine
obligations
\
income
March
81%
series
reduced
were
——
s
Provision Tor
35,961
42,597
'40; 161
4,968
-
•Balance"
Co.—Accum. Divs.—
87 Vz
A;
notes
1942
"
Net ordin.
$8,308
revenues-
income—net
Preferred
■
-The
,
70,576
19,001
2,970
5,977
85,869
2,847
Balance
a
Iowa Electric Light & Power
•
directors.
5% 1950 bonds by $155,000 face
portfolio were minor.
bonds-,.
Miscellaneous
$234,319
.
I
cash
1.3%
Only
of
Co.
transfer, custody of securities, in¬
surance, legal, auditing and reports—...
Prov. for franchise, cap. stock and misc. taxes
was
pre-
dividend of 40% cents per share on v
account
of
arrearages
on
the 6%%,;. cumulative class B preferred
stock, par $100, both payable March 31 to holders of record March
21., Like amounts
were
paid
in preceding quarters.
Accrued and
unpaid dividends at Jan. T; 1942, amounted to $56 per share on the
class A preferred stock .and $52 on the class B preferred stock, it
was stated,—V. 154,
p. 432, " "T.'
ferred
for
Account
dividends
Directors'
'
^STet
Balance
A
and
bonds
Salaries
s'fCi«K*
class
represented
opinion
dividends
Total
of 43% cents per share
cumulative
other
,
21.
$326,852
5,885
3,263
income
Interest
[dividend
declared a
7,633
-2,616
;
taxes
Other
accumulations
of
account
on
Electric
&
and Cities Service
Government
S.
Taxable
Distribu¬
July 1, 30
154, p. 245.
cents.—V.
the
in
earned—
U.
Cash
cents;
$21,785
:
"
Electric Co.—Accumulated Dividends—
.The directors
;
15
1,
1942—Month—1941
Depreciation
Other
*• ••»V
Iowa
April
$32,770
Maintenance
■
•
•\
follows:
value
changes in the bond
Income
Interest
On
record March
holders of
to
as
45 cents; and Dec. 26, 50
Operation
1942—2 Mos,—1941
$4,921,111
$3,868,845
Mar.-31—r 1942—Month—1941
Period End.
Sales-
were
revenues
■^Federal
"
Gas
value,
Other
dividend of 30 cents per share on
a
8.0%
and
counter
Government obligations.
4,000
face
155, p.. 1014.
Key West Electric Co.—Earnings-
1 \~'y
subject to excess profits tax.—V. 155, p. 1013.
1941
Period End. Dec. 31—
Interstate Department Stores, Inc.—March Sales—
-
April 1 paid
stock, par $10,
during
Operating
45%
of
rate
of
periods re¬
B stock.
the
shares
over
Registration,
Company believed
anticipation of possible increase in the tax rate.
common
cents; Oct. 1,
,
,
Net,
fair
'
company /qn
tions
1942—2 Mos.—1941
$1,346,177
$956,496
758,744
.. 406,197
' 482,504
' 341,508
333,440
184,198
End. Feb., 28—.1942—Month—1941 •
oper,
revenues *-.
$684,872
$457,396
Net rev. from ry. opers.,%r 388,165
-179,333
Inc. avail, for fxd. chgs. "--* 229,482 1
• 152,493
S.
at
value.
Kendall Refining Co.—30-Cent Dividend—
International Rys. of Central America—Earnings—
Railway
U.
On
The
|i Period
7.6%
valued
Standard
of
taxes
from the English subsidiary
for
combined
dividend of $85,000
earnings for the Feb. 28 quarter.—V.
1408.
p.
in
and
assets
•
$931,626
$1.64
$449,824
v
$0.82
$651,052
in
*After
with
155,
traded
of
,
1942—6 Mos.—1941
1942—3 Mos.—1941
-1_
share
per
preferred stocks 6.1%
of
York Stock Exchange
of gross assets, 9.3%
and
*
1312.
p.
the
securities
receivables,
tion
786,696
$33,338
-
22,092
65,451
.
6.9%
comprised
quarter,
828
.
bonds
Curb
in the portfolio were comparatively few during the past
although the automotive group was increased by the addi¬
Chrysler Corp., 2,200 Borg Warner Corp., and 1,200
Electric Auto-Lite.
The largest decreases were in the merchandising
aid
oil
categories from which there were sold 7,700 shares Mont-'
gomery
Ward, 6,800 shares Sears Roebuck, 1,000 shares Amerada,
4,300 shares Humble and 1,200 shares Phillips Petroleum,
New holdings include 2,000 shares U. S. Gypsum, 5,000 shares South
Porto Rico Sugar, 2,900 shares Timken, and 4,000 shares United Air¬
craft 5%
preferred.
Added to existing holdings were 1,200 shares
Johns-Manville, 2,600 shares Atchison
Topeka and
Santa Fe and
4,100 shares Pennsylvania.
■
'
Eliminated from the portfolio were 2,000 shares Electric Bond &
Share
$6
preferred.
Reductions
in holdings include
1,800
shares
Continental Can, 1,200 shares Monsanto Chemical, 4,500 shares Gen¬
eral Foods and 8,400 shares Chesapeake & Ohio.
*
U.
S.
Government
obligations were
increased by $1,218,000, and
$600,000
of
short
term
discount
notes
represent
a
new
holding.
*5,119,151
340,508
basis of average
.Changes
$6,186,442
5,307,222
28,501
computed on the
Securities traded in on the New
Exchange represented 72.6%
York
consisted
1942—12 Mos.—1941
$6,714,094
403,546
income.
Net Income
with the interest rate reduced from 4J/2% to 3% % and the
$1,000,000 bank debt of. Union will be funded into a five-year 2%%
loan.—V.
Other
assets.
gross
or
and
$487,973
,
investments,
on
corporation's gross assets on March 31, 1942, 70% in value
was invested in common stocks, while
16.8% was in the form of cash,
U. S. Government obligations, short term discount notes and receiv¬
•
446,964
year.
loss
the
ables.
•
$593,019
.
previous
realized
Of
company
bank
year,
Net
after
31
.
<
ended
corresponding
ordinary income before realized losses on Investments amounted
$2,130,209 as compared with $1,875,798 in the corresponding period
of
.
March
discontinued
interest
the
in
cost, amounted to $1,011,635 for the nine months ended March 31, 1942.
Kelsey-IIayes Wheel Co.—Earnings-
previous arrangements, $1,502,000 subordinated
held by Union Potash, will be carried over in the merged
accordance
paid.
was
1942—Month—1941
Period Ended Feb. 28—
common
senting Interests in fractional shares.
In
revenue.
••Deficit.—V.
stock of $5 par value and 4% i
cumulative preferred stock of $100 par value..
Stockholders have been
requested to forward the certificates for
stock held to Bankers Trust Co., 16 Wall St., New York, N. Y., for
exchange for new .certificates.
Scrip certificates will be issue repre- ;
Minerals
been
;v
—
Depreciation
the
to
had
"Journal"
__
expenses
oper.
Gross
j
Minerals & Chemical Corp. common stock of no
cumulative prior preference stock, $100 par value,
list and to dealings on that date International
International
and 7%
and
prior preference cumulative stock
4% cumulative preferred stock,
7%
bill
the
24,456
revenues
Non-operating
share of
one
the
operation.
_
Net
stock, par $5 per share,
and each share of International common
value, held will be converted into one-quarter of a
stock, par $5 per share, of the merged corporation.
Stock
Exchange on April 9 suspended from deal¬
value
par
Taxes
the
of
office
the
that
daily
Period End. Feb. 28---
corporation;
without
shares, of
in
merger
of
Operating
Operating
Colorado.
of
International
of
of
agreement
in default and
was
from
months
nine,
Net
to
were
v
share, and 3Va shares of common
par $100 per
stock,
has been approved by
the
fiscal
Rhodes, bondholders' attorney, said
that interest due was near $50D,000.,,
Kansas City Public Service Co.—Earnings—
of Union Potash &
merger
F.
-
of
stockholders
held will be converted into
of
the
that
7
Merger
—
John
1931.
publication of
years
List—
to
International corporation
the
vote
Secretary of
Each
Admitted
both companies, and that such
consummated on April 6, 1942, by the filing of the cer¬
consolidation
in the
office of the Secretary of State of
requisite
merger
April
on
Corp.
Chemical
&
Stock
in
showed
records
1311.
p.
issued
the entire issue
\ '*
April 9.—V.
Thursday,
City Journal-Post Co.—Foreclosed—
Kansas
in for
bonds
<
earned
and dividends was $2,525,588
Mgrch 31,
1942,... as
compared
with
period of the previous year.
Oper¬
ating expenses, including provision for taxes, amounted to $395,379
in the three quarters recently completed, as compared with expenses
and
taxes
of $459,430 in
the first three quarters of the previous
fox
.
The sale was subject to a prior claim of $4,800 made by the Ludlow
Typograph Co. for equipment.
,v',;.,; i:
7,...
t
Recently an involuntary proceeding was filed against the newspaper
by the International Paper Sales Co. for a $216,000 newsprint bill.
At
that
time, Harry Newman, President of the company, said his
Co.—Registers With SEC—
International Harvester
"Chronicle,"
9.: fc'L
■
.
City "Journal," sold March 23 under foreclosure, was
bondholders by Morton H. Rosen, Baltimore, for $250,000.
The foreclosure sale of the property was called by holders of $500,000
bid
;;:;cy^^
"Chronicle,"
See
.T-'O;'?
''
•
.
$2,335,229
Inc., Oakland, Calif.—Registers
Securities,
With sec—
•>
20, $5.75.—V. 152,
income
Gross
stock: March 31, June 30 and Sept. 30, $2.50 each,
p. 123.!.
'
'
;
.
,* ! !,
common
par
and, Dec.
*
in *
$925,144
Inc.—Registers With SEC—
April 9.
Thursday,
"Chronicle,"
of
allowances
540v
?«»
' ''•
•Insurance Investors Fund,
See
and
balances-claims
,
$100
$2^,044,000 in 1941,; JRepresented by 1,650,000
and 1,628,625 'no par shares in 1940. . §After
shares in 1941
par
reserves
1513
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4063
155
—
125,000
'
'7;
8; cents, on May 15,.* 1941 i'.f■
,
f
First
mortgage
SEC—
;;•
Gas
Co.
Ag:^
provisions of the Holding Company Act.
plan company proposes to organize a new
to be called the Jacksonville Gas
integration
Under
-
corporation
Corp.
The
Florida. Jaws,
%
mortgage bonds,
In consideration for the-net assets of. the
new
company
corporatign would issue to Jacksonville Gas Co.
5%
mortgage
stock
bonds
$251.
(par
Dec.-'1/1941,
dated
All
of
the
and
mortgage
first
so
and 110
of
shftres
_
bonds
income
amount.
would
Upon
surrender
Jacksonville
r
It has
the
on
Nothing
Co.'
basis
Kirsch
stock
of
its
Gas
share
for
each
is
a
$1,000
principal-
50%,:
,
•
>
and
James Mfg.-'Co.—Pays
Aprii
1
31, '41 Dec. 28, '40
$262,237
$216,291
$128,644
$157,376
charges and taxes.—V.
'•
152,
p.
in
and
61
—V.
operation
62
in
Canadian
compared
a
year
,
Judge W. Heber Ditrich of the Common Pleas Court, Pittsburgh, has
three. appraisers to fix the fair market value of the 7%;
In the 1941 merger
cumulative preferred stock, for redemption purposes
with two subsidiaries,: •
;
About 3,000
the
1,
score
other
the
of
persons
stock
eouity
have
been
numerous
made
1,
the
,
including
since
in
the
1949,
to
1949,
an
100
several..-insurance companies, broueht
to moke appraisals.
Settlements'
case
of the insurance companies and'
owners.—y.: 155, p.
Ohio,
will
until
first
mortgage
amount
sufficient
and
coupon
accrued
for
-
$22,979,310 $19,298,660;
$7,156,332
noon
on
April
22
$25
1312.
Corp.—25-Cent Div. On New Stock—
to
May
1942,
8,
interest.
:
"
s
included the July
par
value common
^During 1941;*the
company
paid
,
dividend
the
following dividends on
the old
——-f~~-——
1942—Month—1941
Mar. 31—
$2,153,855
Samuel
D.
'
Warriner,
Philadelphia, Pa.,
Lehman
Miscellaneous
—
$3,928,346
429,449
33,698
35,472
20,506
—
and
:f
*
43,563
other taxes
>
9,032
399,369
Written off
711,118
', 382,973
221,165
$3,875,286
'——-——
40,331
6,096,638
profits taxes
and excess
%
65,483
208,653
charges—
Federal normal
Canadian
32,817
417,946
debt-^—1———1—•—1—__—
and expensd—__
disposal of fixed property, net^—__
'
$1,441,776
•
income
Net
f
'v.T
$2,416,235
income
1942—3> Mos.—1941
$5,489,417
in
transferred
on
Chairman
the
board
of managers,
Assets—
Notes
died at
Corp.—Asset Value $24.74 Per Share—
value
of
$24.74
per
share
as
$3,375,286
surplus—_
$0.93 >
and
%
$1,113,312 in 1942
of
Consolidated Comparative Balance
:v
of
to
;
1
$0.73
accounts receivable,
less reserves
material inventories
supplies inventories——'
products and raw
Ingredients
and
current
assets--
Sheet
Feb. 28,'42
.
:
and
Finished
Other
—_——.——-
Investments
•Fixed
assets
Prepaid
Other
Total
——!
expenses
assets
——•
—
and
;
—
-Z
deferred charges———
1
—:
—
1, '41
$4,009,454
5,021,^76
2,200,196
1,315,836
563,335
/ ! 1,335,073
—
Mar.
$6,576,154
11,884,106
14,021,048
Growing crops maturing after this year—.——
v'
$2,660,847
$1,128,240
1941..
$3,566,320
April 3.—V. 155, p. 1409.
•
pen share.
providing depreciation
•After
V
244,612
500,000
':•[
y■■
Net
"
——
—
—
of foreign subs, not consolidated
Appropriation to reserve for contingencies
Earnings
Earnings
of March 31, 1942, was
reported
by Robert Lehman,
President, on the 1,988,277 shares of
stock outstanding in
the hands of the public.
This compares with
$28.77
per
share on
the 2^003,377 shares outstanding on July 1,
1941, the beginning of the corporation's current fiscal year.
asset
i
debt discount
of
interest
Other
^
Lehigh Coal & Navigation Co.—Obituary—
-•
of 25'cents per share on
stock, to holders of record March 24.
a
End.
273,000
$3,853,146
,'•53,640
:
21,560
:
$11,478,631
funded
on
Amortization
for
bids
receive
bonds dated Jan. 1, 1937, due July
exhaust $576,156.44 at prices not
to
interest
deferred
155, 'p.' 1122, : -■
; Net
comhany'on March 3l paid
new
Period
—V.
273,000
$11,369,314
*
received—-a-w—a-.—>; ', 76,499
income
Cash
court
the
;Totai
;
Savings Bank & Trust Co., trustee, Seventh and Vine
of
Sales
the
asking
other plaintiff
Kahler
The
are
owners,
actions,
^——
income—
Miscellaneous
Loss on
Cincinnati,
sale, to'it
exceeding
cumulative preferred stock -owned by a
involved in the
price-fixing.
They and manv
shares of
—————-
——...
interest
and
Dividends
Interest
1942—3 Mos.—1941
1942—Month—1941
Lane Bryant, Inc.—March Sales—
appointed
pensions—
•Operating profit
last, totaled 671 in the United
with 671 United States stores
155, p. 1122,•
Ladies' Literary Institute of St. Mary's of the Springs
(Ohio)—Tenders—
The Provident
.
for
....
earlier.—V.
$8,502,970
—
•
•
Feb. 28, *42 Mar. 1, '41
$104,574,572 $62,901,601
i-l-t—
——84,394,921 51,414,100
administrative - expenses.. ;V: 8,537.336
7,361.355
../
-
——
goods soldgeneral-and
Provisions
155, p. 1214.
Sts.,
a
•
of
Selling,
■
1942—3 Mos.—1941
}
;
sales
$39,295,185 $33,089,951
$12,256,305
31,
March
on
Canada,
stores
A"
.
,
(& Subs.-) ~rAnnual Report*—
Foreign investments and receivables
;
Steel Corp.—Appraisers Appointed
Laughlin
$64,754,132 $66,099,047
lii 1941 shares Of stock
[i ' (Including Domestic and Canadian Subsidiaries)
Net
(S. II.) Kress & Co.—March Sales— '
Sales
,
Jones &
(net)
'
3348. *"
194^-Month—1941
$14,063^8
-Period End. Mar. 31—
25-Oeiit Dividend—
paid
loss
and
Libby, McNeill & Libby
-r6 Months Ended—
Dec. 31, '41 Dec. 28, '40 Dec.
:
.
dividend of 25 cents per share on
.par-$25,;ytcf'- holders of. record March 25.
Pav-.V
ipents during .1941-were as .follows: April 1, July 1 and Sept,,.30, 25
cents;-and Dec. 31, $1.25—V. 114, p. 1413.
;
-
The "company on
.the common .stock-,
——
it—
v
(Dr>__—
i
159,441
2,086,884
Total
securities
are
at Dec. 31,;
1941/ was $6,181,557,;: while the total * capitalization and surplus of v
new
corporation would .he $3,465,722.
Commission has set April 21;
for a hearing on the proposed plan.—V. 154, p. 1004.
c,,
•'
-
Profit
-86,067
$1,128,977
—-3 Months Ended—.
...
(S. S.) Kresge Co.—March Sales—
States
•
•
...
——
all
Stores
& Power Co.
,
par)—.
$603,281
195,008
170,995
2,086,884
83,673,396 83,673,396
1,991,078
1,384,640
——-~-Drl9,675,351Drl9,248,877
$497,069
3,772
-
taxes
expenses
Co.—Earnings—
Period End. Mar. 31—
plan, confirmed Feb. 20, £ 1935.
;
,
Total capitalization and surplus of Jacksonville Gas Co.
*
144,043
$1,205,010
—
Sales
of the. company.., Of the total stock 25.098 shares,
owned by American Gas & Power;*1 The remaining shares are
•held by the public,, having been
issued to *, the then holders of the
company's mortgage bonds, and debentures .pursuant to reorganization
voting
($1
Years Ended—
.
of American Gas
stock
Capital
surplus
•Treasury*: stock
Cost
for the
subsidiary
Capital
1.115
58,809
v-.-
purchased
and
$64,754,132 $66,099,047
j
•Represented by 98,607 in 1942 and 68,448
at average cost.—V. 155, p.
1014.
income
•After
shares of common stock, which are the only
50,196
u
1,120
3,099
c,-
all
of
.
Co,
outstanding
one
be paid
accrued
payable
*
Period—
-Net
for
capital stock of Jacksonville
its assets, Jacksonville Gas Co.
charter and .be. dissolved..
•
•
•
•
v
would
distribution
securities
for
826,
-
The additional 1,548 shares, 4.2% of the capital stock of the new
corporation" would be distributed to the holders of the debentures and
Gas
for
Reserve
.
held
56,448 shares of capital
bonds, and 54,900 shares
of the new corporation
each $1,000 of first mortgage bonds of. Jacksonville Gas Co.
.
capital
Payable
:
$1,745,000 first
capital stock of-the-new,..corporation would be distributed by Jack¬
sonville Gas Co. to its first mortgage bondholders on the basis of $500
bonds
•
9,247
71,979
:
—
*
'
'
20,893
,
8,708
—
—V. 155, pt
v
Dividend
60,277
—
acquired the
Liabilities—
1
credits
Total
—
8,900
liabilities
current
J
16,335
„w.
Depreciation reserve
Earned surplus
of
of
"Total
8,399
^......
accrued
Deferred
:
and the income notes.
the-income debentures,
'
19,283
—
deposits
accrued
Interest
■
npw corporation would acquire all of the assets of the Jacksonville
Gas Co. and assume all of Its liabilities under the presently outstanding
first
418,000
418,000
1956
———
Other
the
the
payable
payable
Taxes
voluntary' plan with the. SEC to meet the
iL
due
33,312
Accounts
Customers'
fThecompftny has^ lUed^
upder
$iles Integration Plan With"
—
5%,
"
Notes
-Jacksonville
bonds,
16,463,243
519,348
227,971
5,845,302
17,843,955
1,562,659
553,633
1,479,058
16,671,132
490,880
25,681
$57,928,034 $50,681,951
r
Liabilities—
Notes
,
{~!
/'/v''
payable
Accounts
$128,953
—
^"Accrued taxes, payrolls, interest, etc.—^I—u._—
First mortgage 4% bonds, due within a year-
330,000
96,312
income
Deferred
9,420,000
First
mortgage 4% bonds,:——
Reserve for voluntary pensions—_______
for
Reserve
Other
($7
surplus
par)
—
6,081,966
4,872,243
—
_
Total
$57,928,094 $50,681,951
,
"■After
depreciation
1942 and $16,141,058
in
$15,903,380
of
reserves
Feb. 28, 1942.
tax notes of $3,006,400 at
tLess U. S. Treasury
1941.
45-Cent Dividend—
//;;•
April
on
declared
2
a
Months
.Three
March
Ended
Depreciation
K
~
' ••
common
V.
155,
!
264.
p.
391,244
379,884
•Net
$6,080,857
declared
have
directors
dividend
a
of
$1
share
per
on
the
1941,
658.
--
'
Operating
•
taxes
220,871
Earnings
from
—.
Stocks,
636,133
$3,400,917
$1.35
i
Other
Note—The
25-Cent Dividend—
"
r
dividend
a
the
This
9.
cents
per
of
dividend
a
cents
25
par
Stores Corp.—March
Lerner
period
End.
—V.
155, p.
—V.
The
Co.—Earnings-
Light
&
the
1942—12 Mos.—1941
1942—Month—1941
period End. Jan. 31-
Operating
revenues
■"Federal
5&.615
135,106
_
46,833
964,905
58,770
689,821
appro.
78,357
69,685
912,292
Net oper. revenues-
$153,205
$189,307
$2,106,616
$1,935,112
1,864
1,650
13,204
12,524
$155,059
$190,957
$2,119,820
$1,947,636
72,928
875,061
875,210
7,041
82,955
80,614
1,167
1,114
retire,
(net)
income
Other
income
Gross
Int.
res.
int.
72,919
bonds
mtge.
on
Other
6,941
deduc
&
Int. chgd.
/.
to const,
(cr)
——-'/v
______
and
_
•
provision
.-■"Includes
and
month
ended
Act
Revenue
taxes of $25,437 for the current
1942, additional to the amount
Federal
for
months
12
the
under
Jan.
31,
155,
1941.—V.
of
old
April
common
trading
15,
stock,
offering of equipment trust
certificates scheduled for April 9 because of the order of the War
Production Board freezing delivery of new locomotives and cars and
indicating its intention to allocate such equipment.
In
"in
by
letter
a
vited
bid
to
view
the
been
had
in¬
equipment trust offering the company said that
uncertainty caused by the announcement just made
Production
and
motives
to
cars
Board
relative
railroads
the
delivery of new loco¬
the
to
recall
hereby
we
cancel
and
our
date of April 2, 1942, with re¬
spect to the sale of $11,000,000 equipment trust certificates the bid¬
ding for which was scheduled for April 9,"—V. 155, p. 1410.
invitation
v-
v/hich
banks
and
houses
its
the
War
its
cancelled
7
investment
to
on
of
April
to
addressed
under
you
ICC
March
on
abandonment
of
cents
$20,
miles
of railroad in
Luzerne
and
Wyoming
and abandonment of operation thereof by the
lessee.—V. 148, p. 3227.
i
,
common
in
1941
were
23,
VI
Operating
Oct.
p.
July
31,
Jan.
cents
taxes.
35
of
cents
-
share on
15 to
share
per
cents each;
50
15 and Oct.
and July
15,
share
per
directors
the
on
declared
the
on
308,863
78[391
173*626
...
operating
Other
income
revenues
were
Ward
(net)
$1.25
semi-annual
stock,
preference
red.
conv.
of
dividend
par
155, p. 540. :
Interest
Other
long-term
debt
income deductions
6,
reelecting officers for another year,
dividend of $1.25 per share on the
after
quarterly
their
quarter showed an increase of 40% plus over a year ago, while
represented a gain of 26%.
He said that preliminary reports
first
unit sales
indicated an increase of 15%
over
the
comparable weeks in 1941.
The company now is manu¬
facturing 7,000 pairs rof shoes daily for the Government, Mr. Melville
added, and he said that in a few weeks it expects to be turning them
out
at
the
rate
of
10,000 pairs
daily.
All of the directors were
reelected.—V. 155, p. 1123.
for
Palm
the
and Easter weeks
Sunday
Merchants
154,
p.
544.
Securities
Manufacturers
&
Co.—Partici¬
a participating dividend of 40 cents per
semi-annual dividend of $1 per share on the
$2 participating preferred stock, no par value, both payable April 15
to holders of
record April 11.,
Participating dividends of 50 cents
each were paid on this issue on April lS^and Oct. 15, last year.
The directors also declared the usual semi-annual dividends of 20
cents
each on the class A and class B stocks, par $1, both payable
and
the
438,002
296,727
766,992
729,791
66,667
801,666*.
and
Oct." 15,
1941.—V.
Other
the
V.
150,
p.
declared
have
a
of
25
cents
Earnings
for
the
Six
-
Ended
Feb,
the
under
under
appearing
Chronicle"
of
April
heading
this
6,
1410,
Corp."
page
"Middle States Securities
in the "Commercial Z and
should have been given?
Middle States Securities
".!
—V.
155,
p.
264.
/
"
*
•
'
■
$226,155
,
March
share
on
The
In
the
1.
company
same
in
month
1942—Month—1941
$4,372,502
March,
last
1942,
year.—V. 155,
p.
company
par
value common stock.-r-V.
203
1014.
stores,
:
$9,841,045
against
as
199
preferred
The
151,
p.
stock,
have declared
par
previous
a
$50, payable
payment was
share
dividend of $1 per
on.
:
the 8%
April 24 to holders of record April-,
one of $2.25 on Feb. 28,
1938.—
1579.
-
66.667
800,000
800,000
9,171
8,725
119,153
112,425
$68,814
$487,921
$397,820
$"77,731
applicable
from
from
ry.
Gross
•
oper.
from
Net
from
Net
rv.
income___
155,
"
■
railway.
p.
1940
1939
$673,318
$585,407
148,597
131,061
91,584
315.245
74,340
47,217
2,097,936
1,446,825
1,38.9,884
1
L——
income—
712,532
294,048
266,622
216,099
526,439
126,346
93,312
53,463
unpaid
1,251,610
t
Jan.
31,
amounted
1942,
to
Mississippi & Skuna "Valley RR,—Stock—
The
ICC
the company to issue not exceeding •
11 authorized
March
on
$40), to be exchanged, together with a
share, for a like number of shares of out¬
standing stock of the par value of $>75 a share.
.
>,»,'
•
The report of the Commission states, in part:
Due to the fact that the applicant has accumulated cash and assets
stock
capital
of
payment
$35
of
(par
a
*
that it |
finds difficulty in safely investing such excess capital with an adequate
return thereon, the applicant proposes to return to the stockholders a
part of their invested capital by reducing the par value of its common
capital stock.
It proposes to issue to each present holder of one >
readily convertible into cash In excess of its requirements, and
share
of
share
of
the
the
the par value of $75 a share, one
stock of the par value of $40 a v
capital stock of
common
capital
common
new
$35 in cash, which will result in the cancellation of
shares of outstanding
common
capital stock, and the
-
shares of common capital
>
to pay
share and
1,925.5
the proposed
therefor of
substitution
1,925.5
which provided,
of the par value
of Feb. 12, 1942, to provide for the
aggregating $77,020.» The applicant's charter,
for $150,000 of capital stock, divided into 2,000 shares
stock
of
each, has been
$75
of
$80,000
of
amended as
capital
each.—V. 150, p. 1000.
Missouri-Kansas Pipe Line
the
declared
stock,
B
class
a
of 2.000
April
par
of
10
cents
per
Like
4.
Missouri Pacific RR.—Equipment Issues
railroad
market
the
out
of
the
•
Co.—Dividends—
dividend
amounts were distributed on June
31, last year.—V. 155, p. 363.
«
r
record
shares
.
share on
and a dividend of one-half cent per share
$1, both payable April 17 to holders of
stock, par $5,
common
the
on
have
directors
The
consisting
stock,
common
of the par value of $40
,
,
12 and Oct.
,
of Four Roads
.
equipment certificate issues which had been heladed
withdrawn April 7, due to uncertainty growing
Production Board control over railroad buying of
were
War
and cabooses.
%
were submitted for four issues of Missouri Pacific RR.,
& Mexico, International Great Northern and
Missouri-Illinois
aggregating $4,550,000.
The Missouri Pacific re¬
turned
the bids unopened on the theory that it was impossible to
know for sure whether the equipment could be obtained.
While
the bids were not opened it was> learned
that the highest
was--that of Harris, Hall & Co. and associates.
They bid 100.023 for
engines
cars,
bids
Several
Brownsville
Louis
Missouri Pacific and $1,290,000 St. Louis, Brownsville &
obligations as 2'/4s and 100.16 for $390,000 Missouri-Illinois
as .ls/8S.> The other bids were:. Salomon Bros.-& Hutzler,v
$2,240,000
certificates
for
100,533
issues
•
2Vis.
After
Missouri
as
2%s;
Halsey,
2%s;
as
Pacific and fhe St. Louis, Brownsville &
First Boston Corn., 100.146 for the same
Stuart & Co., 100.535 for the same issues'
Missouri
the
bonds
Mexico
.
/ ;/
returning the
Pacific,
"',rT..
«.
unopened
bids
Guy
the wme
that
announced
immediate future following
offered, 4n
the
invitations
A.
Compton,
certifiretes
trustee
will be
of
re-
the mailing of amended-
for bids.'
•»
contain two provisions, one making the
certificates subject to-call
in-the event the new eouipment is not
delivered withift a reasonable time—probably six to 12 months—and •
the
other
authorizing substitution of equipment should
it be im-,
new
invitations
will
to secure the identical type ordered or in the event
government should establish some form of standardization.
possible
Loadings,
Week
1942
3941
Pacific
15.748
13.988
Lines
4,800
3,650
North..
1,987
1,877
No. of Cats—
Missouri
Guf
Coast
Int.-Gt.
1313.
to
required under the Revenue Act of 1941.—V. 155, p. 1313.
Ended
-
...
the
;-
April 4
Rer.'d from Conns.
Loaded Locally
.
def$5,788 /
?./; $84,313
-
and
accumulated
19,116
r
403,608
403,608
w
"
railway.™
oper.
1941
$715,543
401,912
1942
railway-
railway
the
for
stock
pref.
to
/.
2,327
$1,310,245
$353,157, after giving effect to a dividend of $1.50 a share on $6 pre*
stock, declared for payment on Feb. 2, 1942.
Dividends on this
stock
are
cumulative,
tlncludes provision
for Federal taxes $23,435
for the current month and 12 months ended Jan. 31, 1942. additional1
The
/
$1,095,032
February—
Gross
—V.
,
66,667
877 /
$1,407,074
ferred
as
From Jan. 1—
1942—3 Mos.—1941
$3,690,879 $11,930,614
operated
the
no
directors
Net
Sales
paid a liquidating dividend of $50 per
155, p. 1410.
26,
the
Miller & Sons Co.* Inc.—Resumes Pref. Drvw
(I.)
Net
McCrory Stores Corp.—March SalesPeriod End. Mar. 31—
Corp.—Liquidating Dividend
Minneapolis & St. Louis RR.—Earnings-
1942
28,
bonds
income
Balance
St.
1940.
item
The
Financial
Co.—Earnings—
Months
$144,206
.period
for
per
Middle Securities Corp.—Correction—
14.
Net profit after depreciation, interest and reserve for Federal income and excess profits taxes of $368,000.____
$153,569
Taken Off Market—
dividend
$1,406,197
127
deductions
&
•Dividends
781,667
$1,307,918
$144,079
mortgage
int.
.
46
income
on
4.66L562
$153,523
income
Gross
154,
share on
common stock,
par $1, payable May 15 to holders of record May;
A
like amount was paid on May
15 and Dec. 15, last year.—
directors
68,333
bperat. revenues-
Net
Extra dividends of 5 cents each
15
i
$7,777,665
5,250,568=
re¬
appropriations-
serve
Int.
taxes__
retirement
Property
regular
1597.
The
V.
McCord Radiator & Mfg.
amount
63,237
directors have declared
The
share
The
$637,284
current
the
35,767
pating Dividend—
48363
:____
the
to
1015.
71,039
cash
256,492
_n
(net)
income
Net
-V.
on
$942,640
for
$24,156
81,737
(Inc.)—To Add Plant—
11,943
;___
•
income
of
1942,' additional
31,
$368,977
•
.437.435
"Dividends
initial
an
Melville, President
annual meeting, held
On
Gross
taxes
Jan.
,990,825
$655,209
516,122
Net
payable May 1 to holders of record on April 17.
Like
paid on Feb. 2, 1942.
,
(
and Treasurer, told the stockholders at
just previously, that dollar sales for the
both
amounts
$930,697
________
' 990,829
1942—12 Mos.—1941
"Mexico
Net
,
ended
4,805
$1,359,802'
$8,663,425
recently announced that plans for the immedi¬
April
regular
common,
502,579
taxes.
$1,646,034
$747,185
Other
preferred stock and a quarterly dividend of 50 cents per share on the
197,967
_____
$137,865
$890,754
cluding direct
Melville Shoe Corp.—Dividends—Sales—
The
1,089,879
________
renewals and replacements
;
;
;
72,580
5,494
1942—Month—1941
etc.
ate erection of a plant to substantially increase, the supply of ammonia
and its derivatives.—V. 155, p. 827.,.
p. 960,
$3,282,002
1,607,361
75,592
157
ex¬
Four
....
taxes........
local
taxes,
Messenger Corp.—To Pay 25-Cent Dividend—
;
_____
__
profits
excess
par
April 15 to holders of record April 11.
were
made on these stocks on April
$2,938,245
343,757
1,597,951
6,742
Federal
for
months
___
.
■
1942
___________
.
Federal
and
Pay¬
20
1,
3749.
133,850
741
•
provision
12
and
to the amount
5.
expenses.
income
Federal
and
151,
1,
_______
revenues...
for depreciation,
Provision
1
cents.—V.
—
operating
Maintenance
Other
Months, Ended
——
Total
April
year-end of 40
revenues—Electric
Gas
State
follows:
as
a
County Gas & Electric Corp.—Earnings—
Luzerne
Operating
share
on
and Dec,
and
payable April 15 to holders of record April 1.—V.
President, E. M. Allen
to permit
April 1 paid a dividend of 20 cents per
stock, par $10, to holders of record March 20.
company
the
each;
application
Clock Mfg. Co.—20-Cent Dividend—
Lux
on
company's
9.74
Lehigh Valley RR.,
ments
the
$3,034,938
„
revenues
issue
Pennsylvania,
Counties,
The
denied
13
$3,314,083
applicable to pref. stocks for the period-.
expenses,
on
recently
Loyalsock RR.—Proposed Abandonment Denied—
The
1,320
$278,300
$98,204
Operating
without
privileges
directors
declared
on
$3,033,618
1,207
J
8,117
■7-;'
(cr)
Operating
•Initial Preferred Dividend—
The
Louisville & Nashville RR.—Cancels Equipment Trust
company
133,054
deduc—
&
Period End. Jan. 31-
645,493
$1.10
1014.
p.
$238,634
income
$77,020
Offering—
The
$5,852,886
par value, was stricken from un¬
the New York Curb Exchange at the
opening of business on April 10, at which time the new common
stock, without par value, was admitted to dealings.
•
$636,394
_
$3,312,876
13
Mississippi Power & Light Co.—Earnings—
Mar. 15, *41
786,967
$1.30
155, p. 158.
Mathieson Alkali Works
Balance
302,236
$0.52
356,532
the period
int.
Balance
Massey Harris Co., Ltd.—Listing—
The
$992,926
356,532
$110,988
$75,209
to pref. stock for
applicable
$1,162,971
$806,439
income
Net
$278,287
'
the following distributions were made on the preferred
15
Jan.
listed
62 Vz
Divs.
record
1941,
40 cents each.r—V.
809,513
Prop,
$236,551
83
chgd. to const,
Divs.
value, payable April
compares with 40 cents per
no
.
—28 Weeks Ended—,
$2,596,497 < $8,754,922
dividend
a
stock,
This
;
6,894 ;
7,143
mtge. ,bonds___
on
Int.
Jan. 15, last.
654,271
_
579
required under the Revenue Act of 1941.-—V., 155, p.
Light Associates—Dividend—
&
declared
preferred
April 7.
of
on
stock:
511,882
60,180
taxes_
income
taxes
Other
cumulative
During
4,350,735
5,500,816
have
directors
$2
paid
Oper.
382,463
re-
,
income
Federal
depreciation,
holders
$8,261,513
$747,058 $10,174,450
$944,463
>.
expenses, exclud.
direct taxes 1:
571
tFederal, income laxesi._ "
sh._
com.
Massachusetts Power
Power
as
Other
155, p. 639.
$5,771,903
1215.
Louisiana
per
■"After
1942—2 Mos.—1941
$8,167,662
654,167
530,245 »:
871,544
Other taxes
Sales-
$3,370,590
$4,911,025
Sales
interests
.
Int.;
*Includes
328,369
$0.54 f /
profit
Earnings
1942—Month—1941
31—
Mar.
minority
Mar. 15, '41 Mar. 14, '42
$3,846,381
Sales
■"Net
•
to
—12 Weeks Ended—
Mar. 14, '42
Period—
compares
share on
adjusted
Masonite Corp.—Earnings—
share on
of record
per
758,333
Income
month
$1, payable April 14 to holders
with 35 cents paid on July 3, 1941, and 25
Dec. 23, 1940.—V. 155, p. 504.
stock,
common
April
declared
have
directors
54,167.
./Gross;' income:
>
elected Senior Vice-President.
General Counsel.—V. 154, p. 1149.
liberty Aircraft Products Corp.—25-Cent Dividend—
The
Other
Vice-President and General Counsel, was
He also retains his position as
Jr.,
Lowry,
62,500
appro.
Net oper, revenues-
•
Maryland Casualty Co., Baltimore, Md.—PromotionG.
74,191
2,617,076
1,252,449
926,419
2,354,254
47,50f
76,395
,
are
recently
188,561
124,137
limited-term
of
Net.
Edward
324,884
*
ported to the New York Stock Exchange,—V. 155, p. 603.
p
ofk25 cents per share on
the common
stock,
no
par
value, payable June 15 to holders of
record May 29.
A similar distribution was made on March 14, last.
Payments in 1941 were as follows: March 15, June 16 and Sept. 15,
50 cents each; and Dec. 15, $2.—V. 155, pp. 1313, 1214, 826.
declared
have
directors
The
figures
above
$7,450,722
investments
trust companies, and other affiliates]
1942
1941
Net operating earnings after taxes
—_i__
$704,547
$815,843
Earnings per common share
——,-$0.12 * . \
$0.14
to Federal incbme tax.
is subject
of which
•
$8,874,290
taxes^
income
retire, res.
Amort,
Midland* Corp.—Earnings—
and constituent banks,
Quarter Ended Mar. 31—
/1942—12 Mos.—1941
$643,300
taxes
Prop,
'
[Corp.
income of $204,681 representing recovery
company of a debt previously
written off, only a
,
exclud.
taxes
*Federal
-
Inc.—V. 155, p. 1410.
Marine
$2,897,952'
$1.15
non-recurring
affiliated
an
portion
share
common
per
■"Includes
1,700,458
$534,186
$.21
___________
a
*545,130
$829,038
revenues ? _l_
expenses,
direct
"
Reese, President of Continental Motors Corp., has been "
director of the Manhattan Bond Fund, Inc., and New York
elected
6,238
v
-
Oper.
Manhattan Bond Fund, Inc.—New' Director-^-
1942—Month—1941
Period End; Jan. 31— .*
the following distributions were made on theV stock: Jan.
$1.25; April 12, $1.10; July 12, $l; and ;Oct,' 14, $1.15,—V.154,
14,
1,036,586
profit
489,612
•Minnesota Power & Light Co. —Earnings
compares
In
,3,348,373 >
3,973,464
/ *30,082
•
7.-//
stock, par $25, payable April 14 to holders of• record April
with $1.15 per share on Janr 14, last.
'
common
$4,570,671
979,482
etc.
Expenses,
Federal
$1,517,197
__
■_/-•/"-■
..
.1940 ? /. <••. 1939'• •
$1,898,494 $1,593,508
210,131 V/ *65,646
: *45,428
*329,404
)
,
297,325
762,140
income
;
,
Clarence J.
Total
' 1'94^%%%. 1941
-February—
fc,
$4,273,346
278,714
*414,114
.
Wisconsin Central Ry.)
(Including
"
-
;
Madison Square Garden Corp.—Earnings—
^
Gross from railway_:_-_
$2,717,003
$2,055,386
^
(Including Wholly Owned Subsidiaries)K~~-l Net
from railway?.■ % 615,295 . ■': "312,632
Period Ended Feb. 28—
1942—3 Mos.—1941
- 1942—9 Mos.^l941v >;
Net ry. oper. income.^ i-/, 329,748
42,522
•Net profit
From Jan/i—,:v;%
,$184,640 >; $255,675 , $378,604
$243,101
■'
■"After depreciation and other charges, including provision, for esii-pl Gross from railway^-./; •%. 5,624,791 < 4,221,676
mated Federal income and excess profits taxes.—V. 155, p. . 504.
Net from railway._--iw_ / 1,177,605
'. 650,413
Net ry. oper. income
538,755
83,555
/•Deficit.—V. 155, p. 1410.,
Maiden Electric Co.—To Pay $1 Dividend—
►
•-
453,522
$1,103,083' $5,802,143
_
/Earnings for Month of February and Year to Date
,
$4,726,868
income
situation
.
^
profit
is clarified. '■
•"./■••'''■■/'" /,.//'.,// /
/■.'%■/;//
/- 'Efforts to obtain an interest payment out of 1941 and current earn¬
ings are being continued, ./':/-L;
tax
'
This
$6,182,027
______
manufacturing
•
.> '>
a
,
p.
Net
Other
'/
1941, the following distributions were made:;'April ;15 and
15, 15 cents each; Sept. 17, 20 cents; and Dec. 23, 50 cents.—®.'
July
Opposition To Plan—v
consolidated
first
bondholder? group has decided to continue
the proposed reorganization plan, according to Arthur
Wiesenberger, Chairman. Efforts will be made to have interest on the
first mortgage/ fixed
rather than contingent, to have a'.'substantiaji
sinking fund, and to postpone the effective date of the plan until £he
,v.(",.•<>' Vv.i
;
dividend of 15 cents per share
stock, payable April 15 to holders of record March 27..;..
declared
recently
directors
the
The
its opposition to
During
^
$1,494,327
_
/Z//./P.;:././
>;•'•••■"
Z1.
♦'
The
1940
-1941
1942
31—
profit
Manufacturing
' X,•■:>'.
.
yMacmillan Petroleum Corp.—15-Cent Dividend—
The
Co.—Earnings—
Libbey-Owens-Ford Glass
-1215.
p.
^Minneapolis, St. Paul & Saul* St.-Marie Ry.—Bond¬
holders Group To Continue
1942—2 Mos.—1941'"
$3,668,706. $3,220,182
——
dividend of 45 cents per share
onthe
common
stock, par $7, payable May 1 to holders of record
April 14. This compares with 35 cents per share paid on May 31, last
year, and 50 cents per share on Aug. 15, 1940.—V. 155, p. 1409. »
directors
The
"
on
25,395,895
—_
2-
-a
___
__
surplus
'
-
•
169,626
25,395,895
6,081,966
2,766,752
178,585
•
155,
$1,753,797
$1,981,573
—
—-
—
—V.
500,000
contingencies,
stock
Paid-in
Earned
in
2,098,145
reserves
Common
1,832,029
.
330,000
v
54,506
10,127,000
2,023,820
t4,821,458
Sales
.VvVi-.n
Sales—;
1942—Month—1941 "
Period End. Mar. 31—
1,771,404
$4,133,490
Co.—March
Stores
McLellan
•'
.U
payable
Monday, April 13, 1942
CHRONICLE'
THE COMMERCIAL & FINANCIAL
1514
1942
15,373
2.713
3,073
1941
10,959
1,775
2,431
:
Total
1942 "
31,121
7.513
5,060
1941
24,947
5.475;'
4,308
Vote
Statement'Regarding
Issues
Stedman
Plan—
i;XN°
committee for the
holders of first and
bonds,- has -issued
the
following statement with regard to the vote on the Interstate
.Commerce Commission's plan for the reorganization of the system: £ ,
"The
vote
is a
vindication of the action of the ICC, the- U. S.
District Court, and the senior mortgage committees which supported
the plan; and a crushing defeat for the junior interests who opposed it.
The plan was actually accepted by all classes of securities having a
prior mortgage position and a real stake in the property (with the
exception of the Little Rock & Hot Springs Western, a small divisional,
which presents a very special and peculiar problem and which can be
dealt with without affecting the plan)
It was rejected only by those
Chairman of the protective
refunding mortgage 5%* gold
Stedman,'
W.
John
the
arc
claims
whose
securities
same
should
have
unless
the
other
r
not
appear likely.
"The major effort
•
,
.
net
f
t'.'y.i
-•
'
'
•
,
• •
\'
;
The
-•
Thor
elect
J.
to
announced
the
at
the
On
1941
basis
rates,; the
estimated
of
the
would
Federal
and
income
Federal
income
net
after
excess
If
$375,000.
be
the
estimated net income for the
taxes
proposed
by
$2,296,845
—
expenses,
1942—12 Mos.—1941
$22,560,400 $20,406,867
$1,961,236
ex¬
direct taxes—
953,115
9,969,714
8,974,849
tFederal income 'taxes-
325,639
136,480
1,962,161
Other taxes
249,682
243,794
2.875,499
1.218,590
2,759,684
cluding
retirement
Property
re-
251,549
199,285
2,751,023
2,363,595
$516,860
$549,333/
$5,002,003
$5,090,149
appropriations-
serve
,■
Net
operat.
revenues.
Other
income
(net)
Interest
Other
242
241
3,604
2,716
$517,102
$549,574
$5,005,607
$5,092,865
bonds
170,848
178,778
2.066,448
2,176,054
deductions
37,628
37,857
304,898
264,687
inocme
Gross
on
mtge.
int.
&
Interest charged to
struction
832,344
.
con¬
900
(Cr.)
;
$2,652,124
$332,939
$2,635,161
applicable to pref. stock for the period..
544,586
544,586
$2,090,575
$2,107,538
Net
Divs.
income
Balance
$308,626
....
__
__
declared
have
share
per
of
20
the
on
cents
the
5%
pref.
share
per
1941.—V.
15,
151,
of
'ki'i'r: '
'•••;
class A, par $20, and a
class B stock, par $1, both
559.
p.
Federal
for
ended
months
12
taxes
31,
Jan.
of
1942,
$92,000 for the
additional to the
current
amount
required under the Revenue Act of 1941.—V. 155, p. 1216.
dividend
semi-annual
regular
stock,
the
on
provision
and
month
Corp.—Dividends—
-'V-
-V'*.
■
■,
Central
York
New
*
RR.—Earnings—
all leased lines)
(Including
•
^
.
1942—2 Mos.—1941
1942—Month—1941
Period Ended Feb. 28—
.!■
Period End. Jan. 31—
1942—Month—1941
1942—12 Mos.—1941
$221,692
$184,025
$2,575,203
109,979
8,400
7,701
94,867
12,386
136,806
144,059
11,960
Operation
$2,160,741
1,213,323
91,989
10,706
revenues
7,425
137,643
77,366
^-Maintenance ;
revenuesexpenses-
$38,158,875 $31,678,905 $77,623,485 $65,487,679
29,430,592
23,571,635
61,013,304
48,276,180
oper.
$8,728,283; $8,107,270 $16,615,181 $17,211,499
Ry.
(& Subs.)-—Earnings—
129,494
Operating
operating
Ry. operating
1,469,162
7
Net
fr.
rev.
ry.
6,103,258
3,945,321
2,975,004
7,454,728
1,123,718
1,146,922
2,322,642
2,371,948
$3,659,244
$3,985,344
$6,837,811
2,695,446
$8,736,293
2,855,407
tax accruals—
♦Railway
and
Equip,
facil.
joint
rents
'
Taxes: *
;
•
•?.
,
General
Fed.
State
&
income.
Net
ry.
Other
V
Utility operat.
V
which
before
income
retire,
$46,534
$736,725
$634,004
Dr61
$61,132
22,720
18,686
Dr83
fixed
retire,
$652,69(K
accrus.
$61,049
$46,474
$759,445
accruals
27,209
20,501
320.873
243,638
$438,572
$409,053
reserve
$9,533,257 $11,591,703
272,549
284,825
$4,918,659
3,894,187
$5,255,329
3,954,035
$9,260,708 $11,303,875
7,826,332
7,882,329
——$1,024,472
$1,301,294
$1,434,376
for
<
charges—
before
reserve
148,630
inc.
charges
fixed
Total
Retire,
150,703
from
available
Income
"
income
1,418,615
$5,403,959
deduct,
Misc.
income—net—
Gross
1,410,118
$5,069,362
income—
re¬
accruals
serve
Other
income.
oper.
income—
Total
new
a
Olson
Mr.
National Gas & Electric Corp.
reorganization plan for consideration by the Interstate
Commerce
Commission if and when the pending 'Stedman plan' is
returned by the District Court in St. Louis, in conformity with the
recent ballot of bondholders rejecting that plan." "V .
...
In addition to Mr. Young and Mr. Davis, the committee is composed
of John M. Balliet, Appleton, Wise.; Donald Carter. Dallas. Tex.; John
S.
Jenks,
Philadelphia; Walter L. Johnson, N. Y. City; Lee R. La
Rochelle, Chicago; V/. T. Murphy Jr., Texas; James Q. Newton. Denver.
Secretary of the- committee is C. Mackenzie, Chrysler Building, New
York City.—V. 155, p, 1411.
produce
revenues
Operating
payable May 1 to holders of record April 13. Distributions of 20 cents
per
share were also made on the class B stock on March 15 and
NOV.
Young,
committee
at
is
directors
cents
dividend
Chairman of- Alleghany dorp.; is the . head.of, a
has been formed to represent security holders
of the Missouri Pacific system.
Colonel T. C. Davis of New- York
City is Executive Vice-Chairman of the committee.
.
In a statement issued April 8 Mr. Davis said:
"This committee will
Robert. R.
$870,000.
taxes
income
50
f(i *'***
X
s
Operating
tlncludes
Committee For MOP. Holders—
new
-
*
•
,
need therefore feel no concern over
V "Missouri Pacific security holders
the results- of the -vote.1" " *
.
board,
National Food Products
*'■ :
note that even in the classes which
constituted but a small percentage of
the total securities embraced in those classes.
Of the secured serials
those rejecting the plan amounted to only 13.1%
of the total issue,
of the New Orleans, Texas & Mexico stock only 12.5%, of the I-GN
adjustments only 20.4%, of the general mortgage only 19%; so that
even these rejections are the expression only of
a dissatisfied minority.
Of
the
unsecured
creditors,
including the convertible 5 Vis. ... 40.6 V
rejected the plan, but if there are excluded from these rejections the
$11,152,000 of Alleghany Corp., the percentage of rejections would be
substantially similar to the percentages of the other junior issues, as
above mentioned.
the
to
Olson and Carl
and had sought
Service Inc.—Earnings—
1942—Month—1941
,
approximately 79% of the. voters
v -".
-'
stockholders
of
Haines explained that the company was doing a great deal
of work
indirectly for the armament program and was also being
called upon more and more to become directly interested in the war
.program.—V. 155, p. 603.
rejections
actual
the
prior
director
Secretary of the Treasury for this year,
first three months would be $215,000."
"Furthermore, it is important to
rejected,
by William J.
to the meeting
and
v>••■"'•
meeting
Period End. Jan. 31—
v
;; jMr.
•
,
headed
proxies
one
was
profits
opposition was addressed to the holders
refundings. and in this .they signally
of the
the plan wad accepted by
as
thftfc ' Class
Of
-
Pacific first
Missouri
the
'.failed,
;taxes
stock.
of the plan,
of the Supreme Court, in appeals now pending in
be favorable to the junior securities, which does
decision
should
the annual
at
;
meeting that because the proxies had not conformed to SEC regula¬
tions
they would not be voted.
The
minority group has opposed
salary increases made to the company's officers last yearL/jas well
as certain
provisions of the company's retirement annuity pflin.
I,':, Charles J.-Haines, President, stated in part: "For the first three
months of this year, estimated consolidated income before Federal
rejection by them was a
effect upon the consummation
cases,
presented
was
group
solicited
least
at
adverse
no
minority
had
that they
value
little
so
opposition
New Orleans Public
Reelected—
Directors
—
in its official proxy statement, and all retiring directors were reelected,
V'A
These
ol the court
foregone conclusion but
the plan;
approving
•of
of
were
fractional participation in new common
classes that are appealing from the order
offered only
were
Co.
;held April.,2 to: the, slate of directors proposed by the management
.
of
classes
Cylinder Gas
Earnings Estimated for First Quarter—
\
Vv;V':V%- '3
National
'•
ICC
on
i
,
1515
THE COMMERCIAL & FINANCIAL CHRONICLE
Number\4063
155
Volume
after fxd.
Net income
charges
$3,424,546
.
Interest
and
Net
1942
1941
$396,881
242,091
$456,697
113,326
153,160
791,936
477,168
924,208
557,169
212,120
296,855
167,100
,
•$319,470
280,380
from
Net
from
Net
ry.
—V.
1,077,961.',.;
railway
625,349
226,886
'
•
'
railway----,—
oper.
155,
p.
income—
1015.
'* 6
\
LaSalle
82,363
<
,
The
Operating
revenues
.
.tPederal
$1,708,137 $19,395,657 $17,798,195
161,700
3,312,083'
1,843,875
5,316,930
2,031.432
1,796,437
158,812
1,961,793
1,798,281
5.819.976
413,467
443,488
taxes-
390,828
224,856
160,049
181,022
taxes
——
Net
(Dr.)
income
$713,957
$749,302
2,176
8,469
Gross income t——-L
$711,238
$747,126
$6,449,461
bonds
156,501
157,170
;L"878,302
Interest
mtge.
on
int.
Other
$509,490
Divs'. applicable to pre!, stock for the period—
$474,735
>
share
This
last,
28,
1,012 as
71,815
101,784
7,573
7,807
4,716
5,461
4,745
8,513
8,270
16,186
12,289
10,206
16,783
—
155, p. 1413.
A
first
Co.—Bond Called—
1, 1954, No. 39, has been
gold bond, due Sept.
4%
mortgage
redemption April 27 at par and interest.
Payment will be
the Chase National Bank of. the City of New York, successor
at
made
158..
11 Broad St., N. Y, City.—V.
trustee,
15
'
for
called
arrearages
operation totaled
155, p. 1216.
in
87,933
New York Fire Protection
;
share
quarterly
New York & Greenwood Lake
The
U.
compared
6,412
-
$3,480,548
managers
of Erie RR. have petitioned the
for the Northern District of Ohio, Eastern Divi¬
Court
the holders of New York
deposit their bonds with
Farmers Trust Co., as depositary, in exchange for cer¬
tificates of deposit, in connection with a proposal
for the exchange
of New York & Greenwood Lake prior lien bonds for cash and securi¬
Nebraska; Power Co*---Earnings--*
$851,149
$791,794
$9,178,330
$8,684,175
385,758
326,837
4,066,223
3,818,159
128,003
70,678
70,207
1,017,135
842,987
647,567
76,507
revenues
Operating expenses,
56,700
684,100
634,200
%
taxes
;;:;.Vr'.7
Property retirement res.
appropriations
;
{.
investments
821,182
785
800
9,510
12,600
$199,296
$266,572
$2,750,467
18
83
$2,558,375
2,942
$199,314
$266,655
61,875
$2,561,317
742,500
$2,751,521
61,875
bonds.
17,500
17,500
210,000
210,000
deduct.
11,315
8,794
116,501
112,715
3,114
392
13,787
———•
7
Erie
at
or,
the
option
of the holders of New
Greenwijad Lake prior lien bonds, for cash alone.
hiffiset the petition for hearing on April 13 before
William L. wJP special master,
1501 Euclid Ave., Cleveland, Ohio.
The terms of
the proposed offer call for
the following payments
for each $1,000 bond of
the New York & Greenwood Lake: $90 in
cash; $500 Erie first cmisolidated mortgage 4% bond, series B; $250
Erie general
mortgage 4V2%
income bond, series A; $50 scrip for
Erie general
mortgage 4 V2 % income bonds, series A, and $300 par
value Erie preferred stock, series A.
'
'
In
addition, the exchange proposal offers the option of receiving
•-
60,800
1
reorganized
the
of
&
The
limited-term
of
Amort,
__
Bank
York
taxes—
tFederal taxes———
Other
ties
ex¬
cluding direct
957,534
1942—12 Mos.—1941
1942—Month—1941
Period Ended Jan. 31—
8,154
$3,962,925
957,534
earlier.—-"V.
year
a
;
reorganization
District
S.
City
1,058
'<
Ry.—Erie Offers New
Proposal To Bondholders—
1942—4 Wks.—1941
1942—12 Wks.—1941
$7,286,834
$5,226,798 $21,226,661 $14,803,224
stores
'• •>}
*•
8,379
Total
per
April
..'V.
101,311
*
Received
—V.
on
.
45,690
56,094
529.495
$2,523,014
...
,
issue
Week Ended
' Mar. 28, '42
36,479
35,333
480,904
$3,005,391
tlncludes provision for Federal taxes of $87,543 for the ; current
month and 12 months ended Jan. 31. 1942. additional to the amount
required under the Revenue Act of 1941.—V. 155, p. 922.
; Balance
this
'•
529.495
—
Operating
" Net income
,
on
dividend
,v
1940
45,708
42,227
54,924'
sion, for an order authorizing Erie to ask
& Greenwood Lake Ry.
prior lien" bonds to
2,226
-
March
with
to con-
(Cr.)
struction
38,567
made
1942:
Pittsburgh & Lake Erie—
holders of record April 20.
1 to
were
;
•
\V''';./-"
'•
1 ,-n-
—
Loaded
cumulatiye preferred
5 V2%
the
cents
1
46,387
last, and
the regular
on
Ijrtpcl
567,528
44,125
35,877
Interest charged
:
&
44.125
deductions
68%
to
account of
on
year,
——————
On
♦
debentures&
.Ipo cpH
1941
Y
and received
including leased lines and
(incl.
Loaded——*..
Sales for Four and Twelve Weeks Ended March 28
1,889,506
on
each
cents
55
last
Period End. Mar. 28—
-
$6,854,676
Interest
of
17,
Dec.
Sales
•
share
per
of
payable' May
both
$10,
par
Distributions
439
.'••<
cents
York Central
Total
addition
in
at stations
loaded
cars
revenue
for the New York Central,
Received
$22,374.99, at
dividend
a
accumulations
up all
of 13%
$6,855,115
$6,457,930
2,719
,
231 So.
trustee,
receive bids for
bonds, series A,
16.
Co.—37V2-Cent Dividend—
declared
have
directors
dividend
of
statement
is
connections
Pittsburgh & Lake Erie RR., week ended April 4,
Week Ended April 4
New
'
and
——
April
20-year 5%
on
common
clear
; to
stock,
operat, revenues.
Other
The
•
•
Property retirement and
deplet. reserve approp.
& Trust
noon,
April 1 paid a dividend of 37 V2 cents per
stock, par $1, to holders of record March 25.
company
the
$0.60
National Tea Co.—Clears Up Dividend Arrears—
ex¬
income
Below
the
an
direct taxes—
cluding
Other
—
expenses,
Operating
until
will
collateral trust
first lien
of
Co.,
compares with 50 cents each paid on Oct. 1 and Dec.. 17,
initial of 25 cents paid on July 1, 1941.—V. 154, p. 435.
.
1942—12 Mos —1941
1942-Month—1941.
$1,889,344
111.,
Chicago,
it
to
.
152,640
818,300
76,278
677,900
1942
-
.
•
National Screw & Mfg.
'
.
St.,
:■•;
.
Carloadings—
6,945
$0.68
and
profits taxes—
excess
$269,927
due Aug. 1, 1953, to an amount sufficient to exhaust
prices not to exceed 105 and interest.—V. 155, p: 1411.
Power Co.—Earnings-
Montana
Period Ended Jan. 31—
10,153
$304,393
share
per;
sale
the
on
&
684
$14,343
Continental Illinois National Bank
The
185.713
j,
From Jan. 1—•
Gross
4,266
"7,112
charges..
Tenders—
v
654,863
378,400
112,117
income.:.-
oper.
ry.
127,915
Dr355
$22,500
income
Net income
Earnings
■
1939
1940
$522,280
306,023
railway-
from
124,382
from
Monongahela Ry,—Earriings-''
February—
from railway
10,228
inc.
Fed.
•Includes
discount
L____
expense
Other
v
,
Net
debt
10,590
355
bonds.
on
of
Amort,
$25,973:
$33,840
—
,
.
Gross
income
Gross
court
.
Montgomery Ward & Co.,
Period End. Mar. 31—
—J
Sales
Net oper.
Inc.—March Sales—
155,
elected a Vice"
„
_
1,054
on
Other
bonds
mtge.
deb.
and
int.
Interest charged
struction
Net
'
1942
Quarter Ended Feb. 28—
<(After
Federal
$1.81
post-war adjustments, and after
taxes in 1941.—V. 155, ^p. 828.
Federal
1941
$297,227
$1.12
excess
and
wartime
for
and
$481,031
-
1942 nrovision of $1,525,000 for estimated
profits taxes and $100,000 for contingent
In
"depreciation,
income
/
1X*.—
profit ■—:
:
-ii
Earnings per common share—
provision of; $421,289
is conditional upon 90% of the bonds being
exchange date which will be June 1 next or some
then and July 1 next.
Erie last year disaffirmed an agreement and lease calling for opera¬
tion of the New York & Greenwood Lake and payment of principal
^
.
income
Dividends
Balance
_
$1,506,103
$178,878
$111,738
—
stocks for
pref.
to
_
499,100
provision
and
for
months
12
Federal
ended
Jan.
taxes
p. 364;
of
The
1942—Month—1941
1942—7 Mos.—1941
$4,020,829 $14,363,470,$11,030J24
Feriod Ended Mar. 31—
Sales•
a
year
Sales
in
Sales
'
f
profit from sales, before de¬
ducting provision for depreciation
\
Total
Sell,
service,
Interest
$1,312,153
26,277
9.154
23,566
4,950
$1,769,926
$1,168,556
$1,343,379
—' 456,988
deductions
>
" 52.912
502,656
464,339
duction
20.367
173,000
93,309
126,000
ago.—V.
—
gen.
& admin,
tax
miscell.
and
for
$1,101,791
.
.43,199
^4—J
income
corporate
•Prov.
income
Fed.
taxes
•
on
$5,621,556
$1,674,708
:
$4,316,550
■
New England Gas & Electric
$1,727,810
32,962
purchases.——
on
Miscellaneous
exps.
&
'■!
For
of
the
above
.year
-
525,000
ended
week
10,988,777
kwh.
production
April
' This
of
Association—Output—
this association reports electric output
an
increase of 592,068 kwh., or 5.69%
3
is
10,396,709
kwh.
for
the
corresponding
week ,a
; r:■■
ago.
Gas
cubic
income-
output for the April 3, 1942, week is reported at
feet, an increase of 11,750,000 cubic feet, or 10.88%
_6f
cubic
108,000.000
155,
p.
feet
in
the
corresponding
119.794,000
above pro¬
week a year
Earns,
J
V;
profit
per share
on
provMon
.$316,289 in
com.
stock-—
for: rf°nro-iation
"
$472,532 P- $659,731
$0.49
$0.69
$735,026
$0.77
pmounted
to
$"*19,154
1941 and $340,737 in 1940.—V, 155; p. 364.
in
New
1413.
Gain—
^
The
1942,
the
>
Billings
to
■
of
the
$1,053,444
an
Mutual
Broadcasting
increase
Cumulative
were
$513,774.
were
$3,016,141
wer*e
$1,461,162.—V.
an
Co.^-March Billings Up—
1941.
increase
155, p.
of
105.4%
time
of
sales
106.4%
1216.
.
;
for March; amounted
March, '1941 when they
for the first quarter of 1942
over a year ago when billings
System
over
1
company
month
6,029
Mutual Broadcasting
England Telephone
For
The
in
the
of
; - : reports
March.
net
Telegraph
net
—
Phone
gain of 7.367 telephones in service for
with a gain of 6,604 in March,
compared
gain in February, 1942, was 6,677
three
Co.
V-""''
a
1942,
February, last
first
&
telephones, as against
year.
months of 1942 there
was
a
gain of 21,098 tele¬
phones, as compared with 19.481 for the same period in 1941,
V ;
J. J. Robinson. President, on March 31 stated, in part: v :
:
"There are
about 75,000
more
telephones in service 011 the com¬
/
and about 450,000 more calls
1413.; - _/. •
n • ;
pany's lines than there were a year ago.
per
day are being handled."—V. 155, p.
Erie.
shortly
1,
May
1946,
have
declared
stock, payable May
a
Inc.—20-Cent Dividend-*-
dividend
of
20
cents
per
share
1 to holders of record April 20.
with 15 cents per share paid on this issue on Feb. 2,
1941, payments were made as follows: Feb. lJMay 1 and
lieu
on
This
last.
Aug.
of fractional
shares.—V.
155, p.
604.
Haven & Hartford RR.—Reorganiza¬
Advanced—Compromise Committee Files Joint Re¬
port—Recommends Old Colony and Boston & Providence
tion
Be Purchased by
A
solution
the
of
New Haven.
basic
problem
in
protracted
the
reorganization
proceedings of the New Haven and Old Colonv roads appears in
sight, in the light of the filing with the ICC April 4 of a joint report
proposing terms agreed'-upon for the purchase of the Old Colony by
the New Haven within the framework of the plan approved by the
Commission.
,
joint
report follows closely the recommendation of Judge
C. Hincks of the Federal Court in Connecticut, who in the
midst of the arguments last June on the widely divergent positions of
The
Carroll
appointed a compromise committee consisting of Edwin
Counsel for the Insurance Group, J. Burke Sullivan,
General of Massachusetts, Charles A Coolidge,
Counsel for the Old Colony, and Harrv W. Dorigan, Executive Assistant
to the New Haven trustees.
The court, while disapproving last Decem¬
ber
the
ICC's plan as discriminatory
against New Haven creditors,„
appended to his opinion the compromise committee's report made to
him last Fall and commended it to the Commission.
That report dealt
with fundamental problems of local passenger service and high terminal
charges which had been impeding the Old Colony and Boston & Pro¬
vidence reorganizations, but did not arrive at terms with the security¬
holders of these roads for including them
in the reorganized New
the
Net
.
directors
New York, New
1942—3 Mos.—1941
1942—Month—1941
31—
—$2,075,714
1016.
p.
Feb. 28,'42 Feb. 28,'41 Feb. 29,'40
'
Gross
Discounts
Mar.
_J
—V.' 155,
by
1937,
Neisner Brothers, Inc.^-March SalesPeriod End.
6 Mos. Ended—1
1,
1, 15 cents each; Nov. 1, 25 cents; and Dec. 15. 15 cents.
On June 10, last year,, the company also
distributed one share of
Universal Slide Fastener Co. common stock for each five shares of
N. Y. Merchandise common stock held.
Scrip certificates were issued
,
Murray Corp. of Ameriea—Earnings—
:
$4,206,953 $13,888,151 $11,433,018
$4,987,794
_____
bonds
mature
V. 154, p. 1923.
the common
.
1942—3 Mos.—1941
1942—Month—1941
.—V. 155, p. 1123.
against
the company had ?06 stores in operation, as
earlier.—V. 155, p. 1123.
<
March 31,
At
204
$5,090,630
—
Newberry Co.—March Sales—
Period End. Mar. 31—
;
its
Nov.
bonds
compares
In
(J. J.)
(G. C.) Murphy Co.—March Sales--
.
on
due
New York Merchandise Co.,
1942,
31,
The
$1,191,074
$30,071 for the current
additional to the amount
required under the Revenue Act of 1941.—V. 155, p. 1016.
tlncludes
month
fell
tion.
$1,690,174
439,100
period
between
interest
which
3,868
$1,007,003
applicable
proposal
by- the
Last interest payment was that
before Erie filed for reorganiza¬
and of the total issue of
$1,484,800, the public holds $1,471,600 and Erie owns $13,200.—V. 155,
and
7.
bond.
$1,000
exchange
date
other
to con¬
( Cr)_—
each
deposited
742,500
Mueller Brass Co.—Earnings—
•Net
for
$750
The
on
Interest
general operating manager, has been
p. 1313,
R; Prswl,
President.—V.
...
Gross income
j
Interest
New Vice-President—
B.
•
income
Other
1942—Month—1941
1942—2 Mos —.1941 , .
$55,856,457 $44,484,704 $93,825,352 $78,325,264
revenues.—
S.
parties,
S. Sunderland,
Assistant
Haven.
Attorney
•
•'
1516
THE COMMERCIAL & FINANCIAL CHRONICLE
.
the
Net
of savings banks and John L. Hall, Counsel for the New Haven,
indicated to the Commission, at the reopened hearings in February,
Tax
The
of
group
holding
companies
insurance
bonds,
Haven
New
group
Commission
if
holders
provided on
encouragement were
whose reorganization is pending in another
be
last
delayed
longer
no
The
that
on
forthwith.
joint
Fall
Net
from unfund. secur.
Inc.
from
Miscell.
South
The New
Old
leased
Total
Deductions—
has been
in
to
it,
Net
Old
of
Court
in
When
the
to
•
V-
the New
and
Haven
the
which
disapproved
Court
to which the parties
as
were
Deferred
plan,
under
from
Operating
Traffic
and
1941
-
3,531,328
13,316.603
number
per
457,235
6,885,091
Premium
bills
and
Traffic
373,132
253,758,190
23,679,163
24.045,623
3,599,740
3,196,609
5,022,110
balances
service
Matured
accounts
1,400,884
payable.—_—
—
.
7,395,127
Accrued tax-liability
Unmatured
Other
a.
and
interest
rents
liabilities
L.
17.843,749
-V.
155,
1,791,899
529,643,963
f
of
^■»>
19,937,241
^' ■ v •
• j
,
^
mile
per
train
/
Aver.
amt.
of
—
of
of
$25,703
rev.
14,388,420
15,794,216
<■
....
19,056,697
19.691,493
20.487,472
page
36,713,912
36.197,090
1,371,825.004
rev.
oper.
1.440.943
1,399,655
$26,342,490
$27,381,782
$26,329,579
--x
■
.:■■
-
rec'd
each
per
train
1.840 cts.
rev.
train
'
'
oper.—
1.833 cts.
'/**-'
•
-
1.9i9
1.993 cts.
'
'
<
-
'
'•
$35,000,246
$30,524,462
$31,554,287
'
J
f
Net
1938
j
j
57,580.323
93,115,128
51,118,388
77,162,942
46,370,719
56,537,932
47,648,297
41,996,740
$2.2116
$1.7459
$1.6805
"
1,848 '
Average miles operated,
32,139,362
—„
Gross
$1.0449
y:
1940
1939
:
1,864
t
>
y?
1,873
1938
.
.
•
Int.
3,773,879
29,076,278
865,752
33,254,232
888,031
—
income from all
paid
bonds
on
•: *:
'
.—
Traffic
4.891,804
4,839,302
•
34,142,263
& struct.
equipment
2,855.270
2,758,661
887,089
816,444
831,225
-
26.329.579
operations
rw»ne~»l
—...
...
for
—•
31,383,976
-V1
913,380
21,097,245
preferred
Carloadings—
Week Ended—
.Cars
31,659,216
1,136,349
„
$4,673,169
10,630
32,795,565
22,764,558
13,737,396
».
2,794,327
•
2,750,871
1.512.304
1.365.729
1.315.023
1.276 155
32,187.263
31,010.775
30 387.192
Total
-'
-
l;__—t—
Year to—' •>'
"
'
■
-
loaded
2.204.319
2,754.361
1.909.287 :■
1,816.622
1.757.598
Cars
2.621,716
2,557.479
2,648.196
Received
,118
109
70
20,013,687
913,720
916,500
21,097,245
-14,064,830
'
1941
• ;
Mar. 28,
Increase..
1942 '
5,735
12,212
1,308
115.07%
22.81%
23,139
6,895
" 16,348
-
13,520
82.70%
30,034
-
29,868
April 4. 1942 April 5. 1941
289,487286,082 '-
1942,
.
$74,867,757 $62,199,236
—V.
$61,459,160 $59,798,120*
i
t
Connects.
85,401
374,888
155,
(•{
e
p.
?
•
1414.
*■'' <
21,028
18,248
$9,376,938
$8,396,773
.
$8,415,021
$4,173,521
2,789,286
2,433,012
5,567,622
4,888,734
$1,873,253
$1,740,509
-'
*984,751 '
712,472
$3,809,316
$3,508,039
1,417,809
,
-
*$888,502
*2,018,905
$1,028,037 *$1,790,411
894,166 "1.030.911 *S
reports
8,835,
was
last
month
same
against
as
current
the
year,
$2,090,230
1.799,536
2.085.102
j
tax rates now in effect.
'
that the v gain in
as compared with
In
year.
February,
•
>
-
number of stations
increase of 8,928
in
in
an
1942,
the
gain
was
8,434
8,892. in February, 1941.
For the first quarter
station gains totaled 25,370 as compared with
year.—V.
the like period last
in
155, p. 1414.
Subs.)VAnnual
(&
Report—f
"
Comparative Consolidated Income .Account
Calendar Years—
/ *
Other
r
——_•— ^—- .
taxes
income-'—.•-•J_'_—J:
on
for
depreciation
-
——
——
,
retirements.-—
and
.
'' 1940 \
$320,527
113,992
1941
$339,627
116,284
—J---——————-
taxes
Federal
,
revenue
Operating expenses
9,176
36,898'
32,198
21,389
$123,681
income
Gross
./
Deductions,
-
13,469
11;945
30,484
15,408
-—
$135,225
-
"
_—i——93,906
Cities Water Corp.^'jiri;-_ii.-a—• y-";;
1,815
:-v
Net
X
•
'
-V; y
y;1-""
income
•
;
81,590
367,672
^
Increase
investments,
■■
■
.
$27,958
; :
:
$12,703
i ;
plant and Equipment, incl.' intangibles, $3,322,273;
special deposits for preferred stock dividend,
$1;
.payable after Dec. 31, 1941, $7,726; cash in banks and on hand, $69,385; U. S. Treasury tax notes,- $1,200; customers' accounts receivable,
$27,759; miscellaneous accounts receivable, $691; materials and supplies,
at cost or less, $14,328; prepaid insurance and taxes, $5,076; deferred
'charges, $1,549;
stock
of
total, $3,449,988.
subsidiaries,
$52,300-;* accounts
1.19%
rpayable*to
•dividends
7,216
1.96%
1
*''fX y
.v.
—-
Assets—Property,
4.67%
"•
•;
.
Consolidated Balance Sheet, Dec. 31, 1941
^
other
43,201
79,317
subsidiaries
Deductions/ Ohio
3,811 i
3,405
226
invest.Cr.
from
$9,397,966
8,456
,,
$4,662,539
Liabilities—Funded debt of
12.5fii.567
38.853.998
,7,043
30,001,238
April 5,
10.613.
22.825
from
connects.
1942—2 MOS.—1941
$4,181,977
v
revenues
company
*
V
21,722,288
1,042,269
.
..
April 4,
-
loaded-
Rec'd
Total
Total
,
.
1912
$12.69.5.363 $10,597,580 $11,021,935 $11,167,818
13.517.769
2,758,287
27,194,003
—
on
$83,418,476 $73,080,141
>
16.847.540
—
„_
Miscell.
The
27,198
2,415,096
.
•>'
2,748,027-
stock (4%).
911,855
dividends——J 21,097,245
4.350,738 '. Common
2,970.023
__L—$107,541,356 $85,604,108
Transp'n
11,485,030
3,121,813
and
deductions—
adjustment
on
4.874.805
Operating Expenses—
Trn.psnortation
rev.
-
.
29,942,030
—
income
Net
Divs.
27,381,782
c
;
Co.—Earnings-
1942—Month—1941
revenues—
1,940
26.342,490
920,046
wav
920,682
•"*:
3.488,265
etc
—
of
$1,036,813
985,100
——
'Operating
4,677,708
income.
oper.
miscell.
-
$67,409,034 $50,512,702 $47,525,678 $38,809,938
facility
.Maint.
$960,497
504,170
Maintenance
Net .ry.
30.849,206
•Maint. of
.•
-
Cr
Other income
Operating Revenues—
Passenger
Total
income
-Provision
1941
.
$552,019
611,955
operating income
30,792,223
'/•,
18,167,944
13,459,336
'
X
of
Cts.
'
$30,141,273
Comparative Income Statement for Calendar Years
Joint
$486,566
-
expenses—
stations,
-
•
63,638,982
—
rental of equipment
and joint facilities,
sources—
express,
licorrie.L
1217.
Gain in Phones—
/
the
1939
j
t
per
mile.
Incidental
$1,935,971
899.158
*
"Federal taxes for 1942 have been accrued at
Account
120,176,914 105,228,621
oper.i-
taxes
-
69.83 cfBTs.
75.65 cts.
•
'
Freight
$1,944,499
984,002
operat.
March,
1940
Federal, State and local
.
'r>
service
revenue,-
oper.
rev.
71.75 cts.
•
pass. y y
mile
per
77.96 cts.
;
pass.
.
Income
1941
expenses—
Net rev. from
1.277.019
$30,849,206
amt-.'
$996,952
444,933
Ohio Cities Water Corp.
1.688.334
rev...
from
:Mail,
Net
mile
mile of road
pass.
<t
from
Total
Total
1,437,484,656 1,373.887,509
495,353
....
155, p.
Net
1941—Extracts from the remarks of
Condensed
„.
income
Net
April 9,
(
-$981,919
$6,0*3,255
4.077,284
—
taxes
Operating
account,
Calendar Years—
.
j
'
1
.
Operating taxes
Jenks, together With income
J.
37,705,865
y'-.
$6,285,011
4,340,512
revenues.
operat.
Operating
155, p. 1216.
published in the "Chronicle" Thursday,
1437<
was
20,649,745
$2,973,759
1,976.807
Operating revenues
Uncollectible oper.
March 31 announced the election of Harry J.
station operation and assistant to the Vice-Presi¬
Mr. Bauer was made a director
Year Ended Dec. 31,
W.
$3,097,093
2,115,174
_
Corp.—Official Promoted-—
last year.;—V.
company
—
revenues..
period End. Feb. 28—
Assistant Vice-President.
an
>
$6,029,448
' 16,193
*
.
on
of
manager
or
report.—
$6,308,675
23,664
Ohio Bell Telephone
161,696
Norfolk & Western Kyf—Summary of Annual Report-—
pass,
one
.Total' pass,
t.
V;
"
corporation
as
the
1,261,904
15,515,045
of
$20,253
1,321,198
-1,676,684,131
of
Av.. rev.
Net
$27,449
1,507,374
39,570,667
carried
•Aver,
,
dent,
rev.
mile
.
The
Eauer,
pass.
of
no.
carried
per
117,123
•
pass,
-
1.714 cts.
President
carried
Total
1.764 cts.
18,258,067
—.1—
*:rev.
Total
•
'
1.743 cts.
$36,935
passengers
carried
No.
333.075
264.191
7,425
$2,347
commuta¬
tion
V
19,331
155, p. 1123.
rev.
carried—.
pass.
;
$2,385
2,255,903
carried
local
-
.Total
$2,368
in
10,975
rev._
expenses
Net operat.
Net
—V.
interline
of
No.
&
£
23,199
13,911
income
New York Steam
'>
1.741 cts.
•
——•>;?.
mile
rev. pass,
No.
Net
"
.
$2,450 yC
covered
re¬
accruals
reserve
Net
—V.
667
$38,835,874
per
road
No.
tire.
713
$47,550,857
...
ton
per
mile
j
period
$2,984,734
oper.
^Operating
1942—12 Mos.—1941
$1,267,761
$1,241,412
1942—Month—1941
$112,608
$105,106
for
accrues
$3,110,857
13,764
Operating revenues
Richmond Gas Co.—Earnings—
&
after
income
Gross
730
.
of
ton
rev.
New York
Period End. Feb, 28—
Operating revenues
.'-i
610
$50,532,376
——
rev.
'
•
655
$67,409,034
rec'd
per
'
677
•
799
rev..
Aver.
1,158,444
per
freight
Aver.
750
__
Total
freight
1,428,790
depreciation, amortization, and contingent reserve.
of losses in
prior years, no Federal income
war
.
;
,,
'
tons
mile
each
1,545,133
*
>
mile„
of
no
for
troop trains and a large tonnage of essential
material? has altered the sitnation-.-r-V. 155, p. 1413.
handling
raw
—
—
^
.
however, that the fact that the road
It believes,
it.
get
-
3 Months ' 6 Month's
$282,408
$326,717
1942—
31,
Period End. Feb. 28—
applied to the Interstate Commerce Commission April 7
tons
freight
freight
train
not
Jan.
Northwestern Bell Telephone. Co.—Earnings—*
1942—Month—1941
1942—2 Mosi—1941
''£k
Operating
2,082,07^2
of
no.
rev.
all.
and
•
,
road
of
Aver,
RFC
For
mile of
per
Aver.-
did
now
,
freight carried 1
;
16,544,761
-
(Del.)—Weekly Output-**
the
'excess
profits tax liability
;V. 154, p. 1416.
.
Operating
21,336,909
; ^• v-,l
share
per
result
a
but
*.
of
profit
Note—As
is
27,516,111
carried
*
one
Tons
.
"After taxes,
revenue
Ditto
cents
holders of record
to
Aircraft, Inc.—Earnings
Period Ended
•
*Net
for
*
*
15
,
110,160,721
541,911,768
York, Ontario & Western Ry.- -Asks
The company
1938
.
15
of
April
with 20 cents per share paid on April
Northern States Power Co. system for the
week ended April 4, 1942, totaled 33,795,000 kwh., as compared with
31,642,000 kwh. for the corresponding week last year, an increase of
6.8% .—V. 155, p. 1414.
Northrop
700.346
.
*
^
*
.
dividend
a
payable
$10,
compares
States Power Co.
output
Uncollectible
~
,
declared
par
This
date.
Electric
1,771,722
1413.
p.
have
stock,
common
13,138.960
109,110,526
—
York,
directors
same
Northern
r
51.457,856
—
deficit
Total
New
15, July 15 and Oct. 15, iast year; none since.—V. 152, p. 127.
4,479,419
property through income & surplus
to
,payable
is
Co;,
the
the
55,604,632
53,933,006
...——_—
Sinking fund reserve
is being made on presentation for stamping of
Co. first mortgage
5%
gold bonds, due 1945.
were
coupons
The
on
2.685.889
5,346,099
52,102,791
depreciation 'j——2__—Jk.-__
Additions
4,881,273
2,145.984
:
'
-
Unadjusted credits
&
-
liabilities
fcurrent
Deferred
Ry.
1,264.362
2,631.724
dividends—
and
interest
payable
bonds,
2,352,445
1,816.943
payable.—
car
gold
5%
Northern Ohio Telephone Co.—Smaller Dividend-—
12,538,037
254,469,451
Audited accounts and wages payable.—
Miscellaneous
mortgage
formerly appurtenant.
on bonds at office of Central Hanover Bank &
and on certificates of deposit at officp of
National State Bank, Newark, N. J.—V. 155, p.-1315.
49,036,700
551,170
■
———
first
157,118.600
12,538,038
...——
debt
and
49,036,700
157,118,600
—i.—
aid of construction
Grants in
Long-term
Loans
stock
Ohio
Interest
,r
————;—
capital
on
bond),
$1,000
Trust
;————
of
guaranteed, stamped as to cancellation of guaranty and certificates of
;deposit thereforThe couoons due April 1, 1935, to Oct. 1, 1938,
inclusive, in respect of which the above payment is made have been
retained and held for the account of the holders of the bonds to which
541,911,768 529,643,963
———
holders
to
Northern Ohio Ry. Co. ($10 per $1,000 bond), and to
complete sets- of eight coupons bearing the same
the bond dated April 1, 1935, to Oct. 1, 1938, inclusive ($2
detached
Northern
2,880,219
-
issuable
A,
as
7,739
.086,126
on
of
of
9,756
stock
New
1939
series
1945,
authority to sell to the Reconstruction Finance Corporation at par
$2,000,000 of trustees' certificates.
The
road
said
it
applied to
the RFC for a loan last August,
revenue
freight carried.,
,
1940
4%,
holders
8,088,080
29,986
to March
1941,
due
Years
Calendar
for
1,
1,689~016
assets
inc.
amounts equal to interest which, under the plan of
of the company would have accrued for the period
31, 1942, on the consolidated mortgage bonds,
Payment of
reorganization
Oct.
956,727
*$77,104
33,276
$195,697
$7,194
bonds—3%
Northern Ohio Railway—Interest Payments—
14,610,098
8,064,963
$16,524
lien
1216.
155, p.
mile-.3,871,923.797 2,899,666,726 2,695,354,202 2,665,968,000
Tons^of
*
Statistics
—V.
3,226,888
—
-
collateral
first
on
if Net income —
Dividends declared
88,594,176
__
stock
Common
Report Year Ended. Dec. 31, 1941—
equip, notes, etc.
on
14,343.843
—
$19,776
lien
fixed
Balance before deducInterest
year.-.
Annual
Int.
such
which fixed charges are being
$19,000,000 to about $6,000,000 a
coll.
1st
on
bonds—3%
700,788
r
supplies
receivable
——
P.
two-thirds,
Gross income --i-L—'
Int.
i
232,000
Liabilities—
Preferred
$255,903
depr.
„———
22,720,843
assets
Total
unfair
expressly author¬
bef.
2,319,058
——
Unadjusted debits
remedying of the major causes which precipitated the reorganiza¬
tion, it makes possible prompt progress toward consummating a con¬
about
'
1,070,659
14,422,279
_■£;•••
.
investments
bills
current
Other
as
(net)
inc.
Depreciation
1940
,
dividends and rents
Interest,
the
capitalized
and
and
Accrued
by
income
14,250,497
———_
miscellaneous
receivable
Materials
by the Commission to file this joint report of their recommenda¬
tions.
The report thus embodies the unanimity of agreement which
has now been achieved by the parties thereto; and by providing for
reduced
768
taxes—
17,996,085
Accounts
ized
servatively
.170
ex
tion of inc. interest
1941
-•
442
563,882
21,566,333
————
Loans
to the U. S. Supreme. Court,
which developed shortly after the proceedings
plan
yy-y
1942—12 Mos.—1941
'1942—Month—1941
-
.797
and
profits
Other
339,774,028 336,512,380
12,260,574
12,184,868
railway property
-
Temporary cash
Colony, for the reorganization of the N. Y.,
the Connecticut Co., the Providence, Warren
modified
this
was
(& Subs.)—-Earnings—*
28-
697,566
..
—-----——
_
Special deposits
of
view
Co.
Texas
Operating income
1,566,335
Cash
ceedings, and in February, 1941, modified its plan so as to require
the purchase and inclusion of the Old Colony and the Boston & Providehc6: properties.,
,,
It
1,589,070
vy,; 646,558
—
and
Advances
the
that
1939
cents
Other taxes
—
Bonds
differences,
in
equipment
Notes
reorganization of the New Haven proper be
the substantial agreement prevailing among its
larger securityholders, to go forward, without prejudice to a continu¬
ation of the Old Colony and Boston & Providence reorganizations in
their own
proceedings.
This recommendation was approved by the
Commission's Division 4,
presided over by Commissioner Charles D.
Mahaffie.
The full Commission, however, again reopened the pro¬
in
allowed,
declared
50
revenues
income
cess
'
—
began six years ago, were seen to remain acute after the second open¬
ing of the record, Commission Examiner Harvey H. Wilkinson pro¬
posed
Federal
721,749 '
1,059,887
11,145,184
11,232,459
Deposits in lieu of mortgaged property sold—
Miscellaneous physical property——-i—
Stocks
„—————86,208,347
and
particularly the mutual claims arising out of the
rejection of leases and the operation for their account required there¬
after of the New Haven, have given rise to protracted litigation.
Five
of the suits have gone
$2,416,007
2,933,054
Hartford & Connecticut Western RR., Provi¬
and Boston & Providence RR. Corp. leases
Colony RR.,
Sinking funds
and
,•
■
....
Improvements on leased
reorganiza¬
the Boston
Co. owning
the South Station are pending in the Federal
Massachusetts.
The former
relationships of these various
companies,
.
"V
-
Operation
$6,012,378 '$2,003,174 *$2,914,114*$11,623,193
income
?:•;
Road and
under Section 77 of the Bankruptcy Act.
have been complicated by the complexity of the many
and
133,938
$2,725,526
11,188,448
721,146
11,268,218
1,331,722
626,444
Assets—
and the Hartford & Connecticut Western.
The
the formerly leased Boston & Providence and of
Terminal
v
139,812
•
opened four times and Judge Hincks has been called on
on
perhaps the greatest variety of reorganization
Haven
New
*
v
•
-
■
payable
with
Ended Feb.
Period
Operating
Condensed Balance Sheet, Dec. 31
Westchester & Boston Ry.,
Bristol,
1.320
rejected by the trustees June 2, 1936; July 31, 1936; Feb. 11, 1937, and
July 19,
1938, respectively, but results, of operations are included.
Charges for rejected lease rentals ($2,076,136 in 1941) are excluded.
subsidiary and affiliated situations involved, and also by the pendency
before the Connecticut Court of proceedings, in addition to those of
tion
,
Note—Old
go
which have arisen
problems
the
—.
corporate
"Deficit.
decisions
The proceedings
stock,
compares
North
15,912
1,615,260
.
dence Warren & Bristol RR.,
1935,
■
026,633
1,320
1,552,776
.V
.
$22,944
■
18,810
,,
y-.-\
■
abpve.—V. 152, p. 686.
...
Lighting Properties—Smaller Dividend
have
directors
common
Gross
and Boston & Providence lines, which were formerly
since shortly thereafter.
The record before the Commis¬
been
render
&
unfunded debt—
Int. on
which were worked out
reorganization since October,
$517,047
V.
809,973
.
$2,670,003
11,944,356
693,296
11,148,853
1,473,711
549,957
debt—
funded
on
Miscellaneous
>
Haven
the
'■'
roads..
leased
for
Rent
Int.
$2,953,260
19,878,195
inc..
1—
non-oper.
income
Gross
Colony
sion ,has
to
766,380
23,410
1,320
1,509,172
168,167
:
..
•
a
dividend of 40 cents per share on
April 15 to holders of record April 7.
per share paid on Jan. 15, last, and on
July 15 and Oct. 15,
1941; and 75 cents per share in preceding
quarters.—V. 155, p. 159.
■, "
XX
The
4,555,361
,
$202,834
Inc.,
Fund,
*.
Boston
North
158,269
Bond
■....
Maintenance
losses from the operation of local commuter service,
Station.'■'
Manhattan
-
1,961,075
.
Stocks, Inc.—New Director—
New York
;-i
$7,191,752
$8,462,922
$201,554
losses to certain
senger
the
income—.
Miscellaneous
and
to
rent
road
of
lease
$9,274,354
:
$238,415
812,692
136,281
1,320
1,567,957
196,595
.
Inc.
from Boston.
These provisions limit future pas¬
critical figures which will permit'a substantial
further period for the accomplishment of savings in addition to those
which will be achieved through the limit placed by the report on the
payment of bond service charges for use of the Boston Terminal Co.'s
principally
income
Inc. from funded securs.
solving
the large passenger
income. $16,924,935
oper.
ry.
Non-operating Income—
juris¬
to
6,090,268
..
equip, (net);
rents (net)
Dividend
court committee with public authorities in Massa¬
the Old Colony difficultiies arising mainly from
the
for
;'
incorporates the provisions
report
by
chusetts
but shall be permitted
: .^'7:.,.•f.V'-V.-'
account
•:
13,282,021
6,192,386
This
diction, the reorganization of the New Haven and the Old Colony shall
forward
21,959,316
6,607,654
$25,946,172 $16,797,219 $15,766,930
3,683,967
2,504,768
2,304,302
202,174
219,983
171,256
5,135,096
4,798,114 i
4,828,449
facil.
Joint
23,404,873
See
freight cars..—
of
Rent
a
Boston & Providence,
of
Hire
party to the negotiations, the New Haven and Old
Colony parties included in the report their joint conclusion as to fair
and equitable terms for that road.
The report, however, is expressly
on the condition that if the terms are not approved with respect to the
not
were
—
—
Operating income
the basis of the
compromise committee report, they believed it might be possible to *
work out a complete agreement to include terms of acquisition.
The :' ';
joint report filed April 4 follows intensive negotiations during the past
weeks between the principal securityholders involved, Harry C. Hagerty,
Vice Chairman of the insurance group, representing large holdings of
New Haven bonds, and Myron F. Converse, Chairman of the savings
bank group, for wb^ch Major Fred N. Oliver and Willard P. Scott are
counsel,
representing a large part of the outstanding Old Colony
bonds.
The joint report is signed by them, by James H. Brewster, Jr.,
Chairman of {he insurance group, by counsel for the New Haven and
Old Colony plan committees, and by the court's compromise committee.
Under
the joint
report, mutual claims are offset and terms are
agreed to whereby the Old Colony bondholders will receive 20% of their
principal amount in fixed interest bonds and 15% in income bonds
of the reorganized New Haven.
The report further proposes the issu¬
ance
of $2,314,000 of
fixed interest bonds and $1,735,000 of income
bonds for
the Boston
&
Providence properties.
While its security¬
that
accruals
32,673,599
6,727,427
revenue
oper.
1 Monday, April 13, 1942
.
others,
and
r
•,
•
:
subsidiaries, $1,300,000; preferred capital
advances, from affiliated companies.
$641-,500;-
payable to affiliated companies, $7,693; accounts
incl; payroll' of $1,216,'$1,876; ^ accrued intercit,
$88,574; dividends declared on preferred stock,
taxes,
payable after Dec. 31, 1941, $7,726; other current and accrued libilities,
customers' deposits, $1,873; reserves for depreciation and retire¬
$790;
ments,
$260,140; reserves for doubtful accounts receivable, $2,322;
un-
THE COMMERCIAL & FINANCIAL CHRONICLE
155" Number 4063
Volume
amortized premium and
Liabilities—Funded
contritions
bonds (net), $21,295;
expense on
accrued
preferred stock series A
par), $440,000; common stock (12,000 shares no par), $300,000;.
capital' surplus, $310,860;
earned surplus, $9,966; total, $3,449,988. •
—V. 154, p. 1006.
,■
'
•./'
• '
in
of construction,
aid
$6 cumulative
$3,051;
'
accumulations
of
account
on
payable April 15 to holders of record April 7.
Distributions of
per share were made on this issue on April 15,'July 15 and Nov.
last
year;
since.—V. 154, p. 799.
none
.
;
$1
Ended Jan.
Months
William
Total
stores
^'Nct
sales.-
net
—a-
289,266
profit
-^* After charges but before Federal■ taxes.—V.
Pacific Telephone & Telegraph
>:
155, p. 1124.
a
like
.
.
Co.—New
elected
month
the
of
preceding
it
year,
Brands,
50
over
has
Inc.,
machines
wrapping
tinfoil
from
640.
p.
-
to
I
paper.—V.
wax
April
dividend
addition to the regular quarterly dividend of 30
the common stock, par $1, both payable April 15
March 31.
(For offering,• see V. 155, p. 265.)—V.
s
directors have
The
declared
extra
an
1
J
—V.
Davis
the
1929
actual
involved.—V.
loss
155,
p.
tax
direct
Direct
taxes
1,752,425
21,730,520
336,910
-198,204
237,500
2,850,000
profit
1,353
1,276
15,566
for
in
in
and
3,252
on
1941,
and 20
/
2,278
stocks
15
Int.
$397,257
int.
has
made
been
U.
for
Sheet,
Balance
and
bonds
have
stock,
The
20,
<:> '
277,083
■
1937.—V.
1,282,500
S.
:
—
the
Feb.
1,137,074
10,441
70,502
Divs.
income
-
$917,768
$6,553,664
applicable to pref.
stocks for the period-
3,846,532
accounts
;;y
"Includes
:
provision
and
for
required under the
Jan.
.—
-
—
Federal
months- '£fided
12
taxes
31,
of
1942,
$2,707,132
191,720
847,794
229,551
249,877
Gross
Net
Net
from
from
40,000,000
;
debt
1,511,387
11,252,613
;
—
Bills
283,905
ry.
"76,609
and
income—
oper.
:§
Total
stock
and
stock
(Dr)
12,934,000
Gross
Bond
Gross
4,002
130,328
,>
402,782
818,915
69,334
'
—
2,092,893
54,913,714
19,999,772
319,833
:
in
depreciation
(Dividends
of
have
Total
Allow,
675,833
debt
"411,559
Provision
Pennsylvania State Water Corp. (& Subs.)—Earnings
Ended Dec. 31—
V
1941
1940
1939
Gross
income
Deductions,
$624,971
subsidiaries
2,736
.———
Deductions, parent company
„
319,820
$631,699
1,492
331,366
income
$302,413
Consolidated
Assets—Property,
Balance
Sheet,
Dec.
$298,840
profits
$2,182,639
$1,554,416
$785,249
$425,193
20,000
20,000
20,000
debs.,
"
com.
stk.
302,757
$1.48
$1.45
shr.
per
$1,015,211
—
on
com.
declared
-
and
on
accounts
Deposit
$267,430
in
Long-term
^
—
$0.70
Sheet,
Balance
receivable—:
Deferred
Other
buildings,
consolidated—
3,872,809
2,815,573
4
Total
—
79,871
906,760
911,379
.4,406
58,263
63,002
40,847
666,650
*330,714
$2,280,100
$2,059,486
.3,981
:
;
.
$161,327
58,361
1,082
14,626
8,796
14,239
15,610
116,459
118,255
.1
$143,231
$86,274
55,821
55,821
for
v
Federal
allowable
of
Federal
for
street
railway
ended Dec.
-
Drl6,192;
$2,263,908 i $2,063,467
700.337
700,338
income
$1,432,485 '
$1,236,079
669,797
669,797
for calendar year
tax
1940 reflects a
certain deductions claimed to
purposes arising out of abandon¬
tax
income
all
property,
of
31, 1940.—V. 154, p.
which is reflected
1600.
'
12
In the
<,
,
,
•
Puget Sound Power & Light Co. (& Subs.)—Earnings
Period End. Dec. 5l—
Operating
Operation
1942—Month—1941
655,596
——
Maintenance
"
Depreciation
(Federal
Net
income taxes—
operat.
1942—12 MOS.—1941
*
$1,495,897 $18,630,792 $16,754,168
6,900,638
6,280,806
550,132
1,034,130
1,155,414
126,079
99,076
1,462,207
1,561,183
137,071
121,404
318,066
663,561
64,258
49,234
2,408,557
2,227,289
189,768'
187,397
$1,762,867
revenues
$5,431,670
$590,095
$488,654
$5,941,439
13,702
Dr7,892
7,694
Drl22,116
$603,797
$480,762
$5,949,133
$5,309,554
279,647
282,200
3,352,535
3,385,174
$324,150
$198,562
Prior preference dividend requirements
$2,596,597
550,000
$1,924,380
$2,046,597
$1,374,380
revenues-
income—net
Interest
&
amortization
Balance
——
—
dividend
"Deficiency.
(The
^p.ooo
1,583,970
do
companies
not
consider
1,583,970
$462,627
requirements
——
*$209,590
that
have
they
any
liability for excess .profits taxes under the 1941 or 1940 Acts.
Comparative Balance
Total
Sheet, Deo. 31
1941
-
•
V;
]940
——
-
—
—
Special deposits
less
receivable,
and supplies
.
14
—:
receivable
warrants
and
Accounts
Total
133,742,564 130,278,591
2,101,049
2,318,275
43,884
15,131
plant and other investments-.
;
reserve—
46,646
73,990
1,854,631
2,108,922
780,703
-
—
—:
—
579,713
91,035
64,009
1,936,097
2,093,112
140,785,082
137,343,277
34,446,848
14,000,000
34,446,848
36,039,500
8,850,000
13.995,000
65,709
36,040,000
243,834
332,850
1,028,663
———
deferred debits
Total
—_—
equipment,
etc—
stock
—
—
First and
-1-^*--
——
stock
Common
—
—
refunding mortgage bonds:
5%.%, due 1949
Series
A
Series
C
5%, due 1950——
Series
D
4M»%, due
1950
;—
——
Notes
payable to banks, due 1943
payable to banks, due within one year—
pa'yable
Accounts
—
Dividends
Customers'
595,857
Taxes
current
Total
Total
reserves
10,377,651
213,487
$19,039,347 $16,573,074
90,858
2,193,905
1,685,574
301,743
liabilities
307,555
surplus
——
surplus
—
—
8.161
137.544
—
_—.—:
.
200.675
13,906,694
—
——;
Earned
155, p. 1416.
5,410
—
credits
Capital
-V.
137.500
77,364
:
deferred
1 41,365
(627,059
118,334
137.500
accrued
Other
u
8.850,000
13,995,000
—-—
—
deposits
accrued
14,000,000
————
declared
47,250
60,685
10,498,620
166,488
l
—
Total
■;
713,716
requirements-
div.
Interest
172,469
320,900
897,420
;
machinery,
charges
1940
$1,164,366
1,286,323
.
not
investments
assets
(Land,
—
—
subsidiaries
•
$1,276,533
1,773,423
receivables
in
761,120
Notes
Dec. 31
hand
bank_;
$0.19w
in
I
Investments
$216,773
99,676
$542,759
(136,813,
1941
banks and
in
"Notes
434,486
89,522
Liabilities—
depletion.
(Includes dividend of $30,418
1939, but payable on March 1, 1940.
depreciation and
share)
Consolidated
Cash
37,715
66,940
*
460,000
Assets—
$611,508
1,243
342,834
31, 1941
372,000
519,000
taxes
$1,000,624
90,852
152,004
per
419,995
'
taxes
117,065
"Includes
150,233
34,263
Prepayments
150,705
155,550
161,792
168,428
stk.
($1.25
2,173,249
161,775
338
Materials
'
pref.
Earns,
$604,479
$6,836,265
2,389,078
58,361
___
deductions
months
Notes
on
supplies, $64,463; prepaid insurance and taxes, $6,560; unamortized debt
discount, premium (net) and expense, $270,380; other deferred charges,
$12,033; total, $13,035,554.
\
1938
$5,393,241
re¬
Divs. paid on
.
$7,643,741
'188,179:
$216,169
Balance
$390,842
34,351
sink.
profits
paid
1941—12 Mos.—1940
$612,277
15,057
income
interest—net
Preferred
Net
Divs.
equipment,
.
1939
$7,912,782
31
20,000
of
&
income
exc.
1416.
p.
Drl,043
5,002,399
for Federal &
Miscellaneous
and
Dec.
$735,828
49,421
182,991
——_
mtge.
$12,254,455; cash in banks
and on hand, $168,759;
U. S. Treasury tax notes, $14,400; accounts
receivable, $243,827; due from parent company, $676; materials and
plant
1940
Ended
7,176,954
Inventories
Net
Years
155,
■;
7,029
__
for
11,532,102
disc't & expense
State
Years
incom^
30,
on Dec.
403.
p.
in
on
$1,506,222
48,194
parts
bonds
fund
Fed.
$631,699
per
$162,370
Other
$1,999,648
,
obsol.
1st
on
"150,220
$624,971
cents
319,833
1941 and
preferred
shares of preferred
$28,943,516
accumulated
$16,093,594 $13,038,325
income
income
for
759,509
—
five
$233,936
21,793,390
14,093,946
profit
placement
*465,227
$1,275,730
671,251
of
4)
4,533
Net'income
Pref.
Cash
"183,262
Operating income
Non-operating
Account
1941
allowances
&
other
789,368
■
(No.
70,814
Other taxes
goods sold and
*377,309
$1,315,740
684,040
Income
sales, less disc'ts,
"122,206
$1,394,667
769,696
\
Drl7,767 :
2,445,000
1,312,057
54,913,713
127,833,130 127,600:733
-
(After
1940.
Jan. 1, 1926.
^Represented by 530Vb
shares of common.—V. 155, p. 1102.
returns
"Cost of
•70,413
revenues
on
(record
was,: made
12,819
_
income—net
Preferred
1,024,966
Total expenses
of
share,
73,654
interest
Other
Other
..
Pittsburgh Coke & Iroii Co. (& Subs.)—Annual Report
income™
*402,198
•Deficit.—V. 155, p. 1018.
Operating
share
per
holders
266,257
38,676
from
2,668
Int.
oper.
cents
to
34,598
__
operating income
Non-oper.
ment
524,676
827,302
—
-
-
railway—U
from
from
i%.
$12.75
'•'** ' V'* -'* '•'* }
Co.-—V.
Gas
be
172,167
claims
——;i,
depletion.
railway—.™
Gross
Net
similar
to
14,234
_
municipal-
—
1,245,400
;
.
"After
From Jan. 1—
Net
amount
cents per
155,
40,000,000
/
126,449
payable
payable
surplus
$29,026,492
"193,975
"213,960
1.
including Jan.' 15,
non-recurring credit of $105,200 due to
1,469,717
•
taxes—™—
payroll
compensation
$ Treasury
"62,999
"217,319
A
25
12
dividend
35,000,000
4,097123,383
Deficit
$336,321
$384,858
*43,189
"166,809
of
1941—Month—1940
(incl,. inc. tax).
Net
/
1939
$400,063
April
to
security—Fed.
Assets—
"56,563
said
no-
2,618,539
267,829
———_
fund
Miscell.
$481,803
railway
railway
stock,
stock, payable in Canadian funds, on
A similar distribution was
April 15.
267,940 "
_
State
"Provision
35,000,000
expenses
1940
?->
account
on
preferred
record
25
$714,766
_
and
Fed.
127,833,130 127,600,733
Accounts
$125,000 for the current
additional to the amount
1941
share
per
since and
19.41.—V.
&
depreciation-
and
.i;
fund
lor
State
5,244,392
2,465,791'
r.
—-
interest
Pension
Pennsylvania-Reading Seashore Lines- -Earnings1942
$1
May
also
a
5,
;
power
Social
6,771,391
5,193,908
stock
Gross
'
25,
April
on
Taxes:
405,947
8,452,422
stock
Accrued
Revenue'Ac^ of 1941.—V. 155, p. 159.
February
paid
y. v f
record
revenues
■
1,785,203
211,005
50,000
176,581
251,991
fund
receivable—
notes
Prov.
56,591
887,212
1,983,051,,
211,005
:
.
„-
Accrued
$4,709,849
,
holders
to
•
share
of record
per
1383.
p.
Electric
Maintenance
1940 .:•
2,100,070
—-*
and
:
Liabilites—
$8,556,381
3,846,532
Balance' .J——
cents
28, last, and compares with eight cents paid
—
Purchased
2,101,962
—-^
receivable—:—.
notes
Consolidated
month
of
were
dividend
a
common
of
Period End. Dec. 31—
^'
interest in subsidiaries™.:—
Workmen's compensation
adjustments-
41,211
$422,013
—_
.
i-,L^ <
payment,
cents on Nov.
Balance
Net
of
quarter
1942,
declared
par
Consolidated
Operation
22,336,300
Minority
1,238,380
95,109
2,163
25
cumulative
payable
$1,
154,
have
no
holders
to
Operating
84,747,874
_\_
.
•——
Long-term
1,282,500
93,449
;
(cr)
1415*
Public Service Co. of New Hampshire—Earnings—L
profits
excess
82,269,865
Long-term debt due currently—
3,325,000
::
$6
•V-'VvV5'. :YV.j?,
directors
See
.
84,689
3,325,000
106,875
12V2
share
per
holders
each
declared
par
previous
•;.»
•
The
31
Dec.
_—
.
securities
and
Total
$1,386,394 $12,227,736 $14,361,050
106,875
deduc
&
chgd. to const,
•
277,083
bonds
debentures
on
Other
Int.
mtge.
on
Int.
since
company
1730.
p.
dividend
a
to
made
Balance
income
Gross
of
Proprietary Mines Ltd.—5-Cent Dividend—
includes profit of the company's
of $24,871 after providing
for
development
patent
Miscellaneous
.
34,308^
24.
Oct.
on
$1,255,893
23,309,914
Cash
$1,384,116 $12,193,428 $14,276,361
$894,005
of
April
cents
the
on
.
20,166
charges
Accounts
«
(net)—„
April
been
directors
common
April
amount
Capital
income
payable
10
declared
dividends
•/
Pressed Steel Car Co., Inc.—Resumes DividendThe
' '
$2,425,449
have
has
made
57,631
.
$1,
with
Arrearages at Jan. 15,
per share.-—V. 154, p. 547.
on.
,
dividend
a
1940.
29
4
Vice-President
a
22, 1941.—V. 154,
payable
distribution
April
256
1941
the
Workmen's
Net oper. revenues™
value,
par
share
f
receivable
Deferred
14,396
Other
directors
328,332
i94i
Inventory
2,850,000
investments
-
148,454
.92,088
•' ■
Co.-j-Promotion—
been
par
compares
accumulated
1,668,565
46,917
-
($35,354).
/V
^
Portland Gas Light Co.—Accumulated Dividend—
of
661,057
.
equipment
Marketable
Prop,
Amor, of limited-term
—■;.•<
declared
stock,
This
and Dec.
1,733,917
3,857
>
—
and
Patents
1,797,795
184,663
237,500
15.
Aug. 25
649,680
^
has
have
common
•'7,
1
Miscellaneous liabilities
taxes
Other
'
who
directors
the
April
excess profits credit of the companies exceeds the
subject to such tax.'
Mortgage
1,853,915
retire, reserve
appropriations
The
on
839,941
1,312,798
income
Sinking fund and reinvestment fund
Pension fund inventory—
Workmen's compensation excess casualty
20,325,158
835,655
•
1940 shares of common at cost
13,466 in
'■
Higgins,
$5,678,698
expense
on
1940.
Pleasant Valley Wine Co.—12^-Cent Dividend—
the indicated
as
Investment
1942—12 Mos.—1941
2,032,906
and
taxes
——
subsidiaries
Insurance
taxes
1940
profit of subsidiary accruing
(!)—Net
JPreferred
4,768,600
2,079,914
income
B.
552,505
Assets—
taxes:
"Fed.
patents——:
discount
Canadian
profit
tPlant
deductions:
expenses,
excl.
"■
cents;
20
equipment,
"Coal lands
rev.
Oper.
H.
$7,204,823
191,820
;
plant,
Consolidated
$3,910,431 $43,638,028 $41,117,625
-$4,186,082
revenues
of
in
1928, has been elected Executive Vice-President.-rV. 155, p.
$5,017,641
■>'
1124.
1942—Month—'1941
and
1941
$6,428,948
775,875
provincial taxes——
Common
Operating
_
;
exchange fluctuations.
Note
(2)—No provision
Pennsylvania Power & Light Co.- -Earnings—
Perlod End. Jan. 31—
$3,817,796
Public Service Co. of Indiana, Inc.— Acquisition-^'
Net
•I
Oper.
debt
in
1,555,250
debt
minority interests
Note
of Boston & Maine stock for $20,138,700 vio¬
lated the corporate laws of New York and Massachusetts.
The laws,
he said,
limited a holding or Investment company to ownership of
10% of any corporation organized under either State's laws.
Judge Welsh held that neither the New York nor Massachusetts
statutes applied to the Pennroad purchases and that Mr. Steckler had
not
proved Pennroad suffered any actual loss in the - transaction.
He also absolved 17 officers and directors, many of whom have since
died, of any violation of their duties.
The suit was filed in 1939.
Last December Judge
Welsh held the Pennsylvania RR. liable, for
Pennroad losses in a decision on a suit by two groups of Pennroad
stockholders, who charged the railroad was responsible for Pennroad
losses
of $95,000,000.
He also directed an accounting to determine
the
28,
1941
income
and amortization of
and
and
Pittsburgh Plate Glass
$43,-222,626 $40,588,697
34,293,207 : 33,320,937;,
2,077,672
1,916,022
422,800
334,097
—
Proportion of net
19.5%
Pennroad of
by
115,838
$19,039,347 $16,573,074
—
155, p. 640.
The
——
long-term
States
1941
16,346
quarterly
»
_j.
depreciation
Sales and
14 Penn¬
and 1931
owns
2,895,772
173,287
—
in
—V.
dividend of $1.10
preferred stock, par $100, payable
April 10.—V. 155, p. 1316.
on
for
etc.,
Cleared In U. S. Court—
of New York, who
acquisition between
Steckler
that
initial
an
-
taxes
profit
on
United
Over Stock Deals Dismissed—
contended
(Dr)„
^Represented by 24,752 in 1941 and 23,675 in 1940 no par shares.'
'IRepresented by 621,460 in 1941 and 621,455 in 1940 no par shares.
""1,583 in 1941 and 1,077 in 1940 shares of preferred at cost and
•
•
insurance
Judge A. Welsh dismissed April 7 a
shares,
June
follows:
as
deductions
Canadian
stockholder,
The
stock
cumulative
Years—
Amortization of
stockholder's suit that
sought to have officers and directors'of the corporation held liable
for
losses the stockholder computed
at more than $9,000,000 from
the purchase by Pennroad of Boston & Maine RE. stock.
road
1941
income
income
Federal
„t
special
a
depletion
1942—3 Mos.—1941.
1942—Month—1941
Pennroad Corp.—Directors
in
declared
4.4%
Provision
155, p. 1415.
Stockholder's Suit
have
for
$32,347,867 $22,772,828 $88,361,604 $61,396,640
—
declared
paid
Provision
Penney Co.—March Sales—
(J. C.)
Period End. Mar. 31—
6
income
Interest
to
—■
reserve of
$72,185 in 1941 and $78,029 in 1940.
(Bailment
Inventories, incomplete construction contracts and equipment
upon liquidation
of Hunter Steel Co., at estimated amount
realizable.
(After reserves for depreciation and depletion of $4,211,-
the
Block of
stock
Total
Oil
*
Total
Anaconda Copper Mining Co.—See
above.—V. 154, p. 1303.
Sales
133,890
stock
leases,
Co.—To Acquire Pref.—
Park Utah Consolidated Mining Co.—Large
2,917,650
6,124,444
1415.
155, p.
(less disc'ts, returns & allowances)
goods sold-
Operating
Stock Acquired by
that company
April
were
other than
Other
3,661,250
'
2,329,523
preferred
097
preferred stock.—V.
holders of record
Compensation
and Exchange
Securities
22,750
—
"After
Mr. Forsythe will retain the
and
export
operations.—V. 155,
sales
Taxes,
Commission has issued an order per¬
mitting company to acquire such amount of its 5.6Vo
cumulative
preferred stock as may be necessary to meet the sinking fund require¬
ments for 1942 and 1943.—V. 155, p, 1414.
The
on
the
on
Calendar
Cost of
of $1 per share in
cents per share on
to holders of record
155, p. 1124.
—
debt——J
relining blast furnace—
""Treasury
opera¬
18, 25 cents.—V. 155, p. 640.
to
Gross
Dividend—
396,964
60,608
Export
Pittsburgh Coal Co.—Earnings—
4
ti128,350
taxes„_—„932,573
2,329,523
,
English
349,494
186,750
( '
year——
a
243,907
Farmers Trust Co. has been appointed transfer agent
directors
Other
Panhandle Eastern Pipe Line
of
Consolidated
share
May
as
Panama Coca-Cola Bottling Co.—Extra
•
company
the
Vice-Presidency,
cumulative
dividends
The
.
President of this company, effective
1, because of ill health.—V. 155, p. 1217.
-y.''y ;V;
has resigned
Gilman
of
Philadelphia Electric Co.—Initial Preferred Dividend
155,
-
Packard Motor Car Co.—Resignation—..
M.
charge
„
the
direectors
of
and Dec.
per
Max
in
export
$1,352,216
426,085
■
Income
long-term
v
$1,660,431
— .
received
Cash
company on April
for war production,
foil
:■
this
?
;
:
———6,124,444
Earned surplus accumulated since Jan. 31, 1936
3,624,921
distribution of one
Corp. common stock for each -five shares
of capital stock
ofJPetroleum Corp. of America outstanding, payable
May 15, 1942, to holders of record April 17, 1942.
Fractional interests
will be paid in cash.
Special distributions of like amount were made
on May 16, 1941, and on Dec. 20, 1940.
>
2 announced that in order to conserve tin¬
The Fleischman Yeast division of Standard
ordered new equipment parts designed to adapt
The
r
and
HCommon
Petroleum Corp. of America—-Stock Dividend—
share
Conserved—
Package Machinery Co.—Tinfoil
to
directorship
4'A %
The
.
stated.—V. 155, p. 1217.
was
Vice-President—
Vice-President
v>
The City Bank
.
;
.
—
—
liabilities-
current
for
§$5
" ;Vv'v V
Pet Milk Co.—Transfer Agent—
;
Co.—Gain in Phones—
.
''' ;;V':'V
■,
addition
for the
company
11,839
„.
Federal
Reserve
1415.
P.
reports a net. stationgain, of 13,179. for- March • as.,
In March, 1941.
-v
1
.
For the first quarter the gain was 36,545 stations as against 39,332
in the like 1941 period; r. March is the first month this year toi top
The
•
against
Other
for
Funded
205,555
r-
-
payable
liabilities
Reserve
contribu-*
.v
been
,
$5,241,951
$697;
Forsythe, who has been associated with
1938, as managing director of English and
managing
A94*
'.~
„
subsidiary,
a
B.
July,
tions,
has
In
1942
$5,942,062
31—
surplus of
construction, $7,5yl; preferred stock, $1,910,200; com¬
$950,000;
earned
surplus,
$737,911;
total,
$13,035,554.
Pepsi-Cola
•
Oppenheim, Collins & Co., Inc.—Earnings—
Six
Accounts
of
Department.V
and
1006.
p.
since
'
■
aid
stock,
154,
stock
common,
'"i
15,
,
in
in
tions
—V.
a
Liabilities—
$97,131;
Sinking fund payments, due within
interest
^
dividend of $1.75 per share on
the 7%
cumulative preferred stock,
declared
have
directors
The
payable,
accounts
$28,934;
mon
'
$7,600,000;
and taxes, $210,615; other current and
$4,856; customers' security and construction deposits,
reserve for depreciation and retirements, $1,487,618; minority
Accrued
...
Ltd.—Accumulated Dividend—
Ontario Silknit,
debt,
dividends
accrued liabilities,
(no
..,
interest,
1517
13,205,723
7.021.871
8,333,498
6,306,472
7.021,871
140,785,082 137,343,277
THE COMMERCIAL & FINANCIAL CHRONICLE
1518
Ended
Dec.
1941
31—
sales
Net
'Net
Earnings
per
"After
V.
of
taxes
606.
'
in
$2,046,931
Ended
1941
of
total
A
1,
$32,000
1964,
trustee, State
of
1940.-
profit from operations
—____.uMMxzikt
charges
Other charges, less other income
in
$665,000
Federal
Congress Sts., Boston,
tax—.
.liabilities
for
Res.
foiv Federal 4hc:'arid
Note
V
payable
ties
340,000
—
L—__
.__
630,051
Earned
Cash
Month of
January—1942
1941
Charges for transportation
$17,372,045 $13,614,629
Other revenues and income
222,480
220,295
surplus
'
convertible 2nd
qn
$1,411,170
I 25,000
■
——
declared
dividend
preferred
stock
surplus,
Dec.
common
per
„i—
31, 1941—!
share
1
I—_'1™_:_—
Total
11,002,351
637,966
93,600
> 88,847
*.
7,503
$17,594,525
income
i.*
*
$13,834,924
9,382,807
752,062
and
revenues
Express taxes
discount
Interest and
funded debt
on
deductions
Other
5,191
:
Balance
-
Sheet,
Dec.
Assets—
Cash
Restricted
and
,
p.
"Rail
$5,741,321
$3,717,801
carriers—express privileges.—V. 155,
transportation revenue
and other
rail
to
"Payments
1021.
Account
Income
Calendar
for
1,43$
«
payable to bank
Accounts
1,451
express..
1,003,272
1,660,220
operations
Incidental & joint facil.
1,237,663
Government
(paid in
Ry. Oper. Expenses:
Maint. of way & struct.:
6,538,561
5,231,824
12,596,089
10,227,524
858,105
841,105
841,772
27,556,101
239,911
1,601,958
3,411
23,643,642
217,141
1,529,470
7,294
22,157,418
214,132
-
Transportation
Miscell. operations
General
expenses
stock_L_iiiL.___f__^L—.
preferred
on
invest,
for
Transp.
Cr<
~
—
-
from
received
U. S.
oper.
26,644,588
19,745,998
Railway tax accruals—
9,318,064
5,540,321
from
rev.
ry.
Total ry. oper. inc.— $17,326,524 $14,205,677
Other Oper. Income:
II
on
contract
Other
34,333
40,028
—' $1,173,985
Total
65,701^
Dr5,163
Dr3,189
equip, rents, netfacility rents, net
Joint
\
$744,871
Dr$720,493 '
200,000
982,408
Miscell.
393,721
Miscell. non-oper.
I
from
Inc.
475,473
225,566
188,243
fund,
T-k*
offering of 2,780 shares of-5'A% preferred stock (par
.sponsored by ,J. & W. Seligman & ■Co:**April 1, was withdrawn
April 4.—V. 155, p. 1417.
Rochester Telephone
Feb.
End.
406,872
455,592
Operating
765,569
727,511
729,390
789,125
Uncollectible oper.
134,681
149,162
26,595
13,012
44,119
1942—Month—1941
$494,373
$469,489
875
1,074
Deductions:
Miscell.
Int.
tax
13,852,816
12,369,494
3,211,332
3,214,071
$468,415
$1,004,839
319,067
298,750
rev._
139,109
137,828
138,288
170,324
161,492
166,108
funded debt.—
on
Miscell.
f
>
;vh'-.
Net
6,769
6,910
622,740
;
412,322
491,204
$9,029,070
$9,131,165
$9,074,185
9,330,204
6,427,217
4,721,651
3,295,303
1,120,000
1,120,000
1,120,000
1,120,000
1,680,000
1,680,000
1,680,000
1,680,000
(2) 1,400,000(2) 1,400,000 (2) 1,400,000(3) 1,750,000
(4%)
divs.
(4%)
dividends
of
_,
i::/
1,399,782
$2.59
1,399,782
$1.37
Balance
Sheet,
Dec.
31
1941
in
road
and
equipment
$
in
Investments
affiliated
companies—Stocks..
45,507,580
883,459
48,499,146
866,551
13,029,996
45,700,945
13,781,843
Advances
investments
Special deposits
Net
receiv.
Miscellaneous
Materials
Interest
Other
and
and
from
1,666^559
receivable
& conductors
506,177
c&r
unpaid
dividends
interest
Unmatured
rents
tax
balance
wages
,_!
accrued
accrued
debt
retired
loss
2,672,917
3,179,204
78,857
1,753,928
9,748
769,595
397,586
403,309
4,354,283
1,102,272
1,526,197
83,157,001
90,428,990
1,738,000
1,638,343
476,777
.
...
liabilities
property
1,824,236
4,612,434
45,171
1,768,750
11,741
376,970
—
—
..2
9,156,891
374,635
3,441,163
credits
to
and
—
declared
liabilities
Unadjusted
Additions
—
liability
current
113,304,968
5,359,736
2,219,054
27,991,150
41,970,600
69,989,100
124,058,968
81,322
2,224,767
769,595
payable-.™—
payable
payable
unpaid
matured
Unmatured
Deferred
and
accounts
matured
Unmatured
Accrued
service
accounts
Dividends
„_
of construction
Miscellaneous
$179,789
$187,052
■
132,850
;; if;
126,660
85,334,158
through income & surp.
through income 4c surp.
balance.
90,464,264
1,738,000
—5,797,676
155, p.
other
$3,403;
"n1'
a
dividend
May
1
to
of
12
holders
Feb.
Aug.
on
1,
1,
1941.—V.
1941;
cents
the
and
earned
surplus,
total,
$82;177;
$700,000; common stock,
$5,608,102.—V. 155, p. 739*
of 50 cents
dividend
extra
an
?
share
per
regular quarterly dividend of 35 cents per share on the
stock, both payable May 1 to holders of record April 20.
The
payment
cents per
was
share
quarterly of 35 cents made on Feb. 2, 1942;
was paid quarterly.
In addition, an extra of
disbursed on May 1; last year.—V. 155, p. 268.
a
was
February—
.<
from
Gross
'
Ry.—Earnings—
1942
■:<
MM
1941
<
,
v:
1939
1940
:
^ 276,043
$3,146,944
209,794
"16,783
"56,655
7,162,771
782,331
6,562,872
469,952
$3,333,722.
$5,060,640
$4,059,320
1,217,619'•
939,741
1,036,871. < 692,397
railway^-!Net from railway_r——
Net ry. oper. income—_
'
;
from
record
of
v
on
10,480,879
2,047,916
2,031,337-
_
8,446,358
•2,487,843
railways _.
froriiJ railway—'
1,525,375
Net ry. oper. income™
April
15.
To Pay
<
1942, and on
155,
May. 1,
160.
p.
:
.
1941,
-<1
.
"121,812
217,936"
1941
31—
Dec.
The
1938
$2,292,009
sold_____
of goods
16,994,940
8,127,537
4,357,210
1,827,035
sales
$8,630,436
742,993
$3,456,387
542,466
$2,031,286
377,649
$464,974
150,000
148,251
119,829
GrosS profit
& adm.
officers
gen.
Prov.
on
for
exp.„
311,453
patent expense,
returned
and
Certificates
83,513
.
Net profit from opers.
Miscellaneous incomeTotal
of
such
Y.
$7,737,443
$2,682,156
$1,469,600
$97,154
64,624
35,067
24,232
9,441
profits taxes—
excess
Net
profit
dividends
Preferred
$1,493,832
167,230
131,956
3,485
"5,387,400
"1,274,000
271,000
22,000
—
$1,275,993
$2,334,627
91,290
provided
Note—Depreciation
of goods
&
gen.
See t
sold
adm. exp.
"Includes
$4,178,000
tProvisions
to
for
$370,593
has
corporation
91,292
A
2,889
$116,988
2,795
$124,050
$343,044
$119,783
in 1941 and $668,000 in 1940 excess profits
depreciation and amortization of fixed assets
and $270,527, respectively.
tDeficit. .
or
in fully registered form
should be presented to C. W.
coupon
and
pursuant
payment,
stamping
should be presented
Bankers Trust Co.,
'
"
'
provides for interest payment
$1.05
in
1939.
*
.
on
payment
St.,
for
16
...
Wall
.
...
'Frisco prior
1,
$16.51
and
$16.87 on
series B.
bondholders'
Savannah Electric & Power Co.—Earnings—
1942—Month—1941
Period Ended Dec. 31—
1942—12 Mos.—1941
$302,010
$227,013
$2,939,840
135,332
83,289
1,121,988
17,250
14,675
179,124
177,891,
—'
32,504
29,708
370,609
324,783
"Federal income taxes—
22,056
15,635
179,072
30,035
24,889
Operating
v
revenues
Operation
Depreciation
>
taxes;——*—
Qther
'
Net
Other
income, .-net**-—■
$2,471,998
927,401
72,701
.
302,153
264,293,
-
"
$58,814
Dr2,555 5 '
revenues™
oper.
:
1>489
$64,831 ~
$786,891
'
and
1940,
order,'
court
and consolidated mortgage bonds.
-
in
the
to
v
recommending payments on dates ahead of other unpaid coupons,
committees deemed it advisable to handle the dis¬
bursement in that manner, stating, however, that the specified dates
of the payment
should not be construed as a waiver of unpaid*
interest prior thereto.—V. 155, p. 1417.
■«
.
1941, $1.28
Note—Earnings per common shares amounted to $2.42 in
-
dated
order,
In
1938
$121,644 '
2,407
$340,155
court
prior lien bondholders will receive on account of interest due
1942, per $1,000 bond, $14.68 on series A, $15.54 on series B
on
series C.
Consolidated mortgage bondholders will re¬
ceive on interest due Match T, 1942, per $1,000 bond, $15.44 on series
charged
1939
1940
with
The
t$10,182
been
in
however,
to
deposit,
Maintenance
See f
amounted
$778,022
the
See t
Total
taxes.
221,562
1941
follows:
Sell.,
by
$81,110
$1,090,876
91,292
$628,967
$1,687,609
Surplus
Cost
91,291
of
interest
City...
Jan.
the
555,735
-
555,728
dividends
Common
$106,595
$2,717,223
inc. &
such
of
to the holders,
The court order also
56,368
64,209
$7,802,067
80,039
income
deductions
whether
letter of transmittal),
*
and
Prov. for Federal
bonds,
notation
appropriate
lien
Income
actual
N.
——
;
-
accordance
interest
(accompanied by
executive
employees'
special compensationdevelop, and
in
Michel, executive Eastern representative for the trustees. Room 1949,>
120 Broadway, N. Y. City, or to the Treasurer for the trustees, Room
912 Frisco Building, St. Louis, Mo.
The bonds will be stamped with
and
Research,
that
16,956
.
payable April 1, 1942, and Oct,-1, 1941, and $9 on accourit
due April 1,
1941, in respect of Kansas City, Fort
Memphis Railway, refunding mortgage 4%
bonds due 1936.
and
the
The
$6,388,496
16,829
Overdue Interest—
April 5,'41
14,134
'
Mar. 28,'42
April 4,'42
trustees-announce
Scott -&
1939
1940
'*
-
April 8, 1942, they will be prepared to pay on and after April-20, 1942,
the full amount of. the interest installments of $20 each, which became
of
Report-
Ended—
loaded
Cars
i
7,668
$704,92?
9,582
•
,
*
"
Balance
Sheet, Dec.
Assets—
Cash
1—
—
"Receivables;
-
i
-
Invest,
:■
not current—
Emergency plant
facilities (contra)
Fixed assets^
(nominal value)—
1,338,380
2,265,996
104,635
■
—
72,452
!■•'-. 200,048
—
<;
-YWV.\
$1,170,203
746,609
wholly
'-
1940
,
85,208
owned subs, not consolidated
to U. S. Chrome Mines, Inc.(not affil.)
in
Advance
31
v
1941, ;
—$3,005,504
2,089,440
4,061,018
_
__———
Inventories
Prepaid and deferred items
Notes and accounts receivable,
Balance
Interest
Total
—'
Balance
Preferred
J
dividend
Balance for
4,643,994
$30,693
$714,509
$419,458
$339,717
149,114
374,792
149,114
requirements--——
'
"
—1 *
requirements^_;___________
'
698,561
;.,4,755,567
t
•
2
.<
$794339
375,101
$28,890
31,583
amortiz.—
Debenture dividend
30,376
$15,472,285
and
$60,304"
31,414
$62,276
'
*1—
.'( Balance
i
"The
common
stock and surplus.—
-amounts'shown
-
above
include
$270,344
"M
$190,602
60,000
60,000
$210,344
$130,602
;
$3,58f Accrued for
estimated
profits tax in December, 1941; $7,649 for the 12 months ended
31, 1941. The company does not consider that it has any liability
excess
*
$9,795,711
for exoess
m
■"■r
From Jan. 1—'
Week
share
per
cents on
17
allowances $25,625,376 $11,583,924
&
Sell.,
:
preferred stock,
construction, $30,879;
directors have declared
The
Dividend—
467,027,069 459,526,137
1416.
expense,
St. Lawrence Flour Mills, Ltd.—Extra Dividend—
'
Dec.
Total
and
$5,608,102.
"Deficit
sales, less disc'ts,
Patents
-V.
cents
on
End.
Years
891,344
69,989,100
.
—
Profit
452,837
41,970,600
Long-term debt
Non-negotiable debt to affiliated companies.:—
Funded
8,889
27,991,150
stock...
and
cents
returns
as
preferred stock
Second preferred stock
Interest
payable
*
First
Grants in aid
of
aid
due
467,027,069 459,526,137
Liabilities—
Other
263,970
-916,821
?_
.
Total
Audited
declared
have
stock,
1941;
18
4,472,885
14,578
assets
Unadjusted debits
•fraffic
-■
70,007
Rustless Iron & Steel Corp.- -Annual
1,052,464
215,587
receivable
1,326,377
1,564,829
supplies
2,082,098
5,933,930
agents
receivable
dividends
assets
Common
directors
1,
and
216,296
80,347
balances
accounts
current
Deferred
service
car
balances
7,274,335
10,652,203
receivable
bills
and
6,431,356
7,400,242
15,648,741
—
and
$97,267-
62,698
18
2,000,000
387,006
—
Traffic
12,557,843
2,000,000
3,828,821
Notes
commission
total,
debt, f$2,600,000;
;
Nov.
12,166,000
45,732,791
;
,,,
liabilities, $2^168;,;(fustbmers'^security.%rid construction; deposits,: $30,-
139,628
.
307,565,562 302,972,793
Improvements on leased railway property
Deposited in lieu of mortgaged property sold—
Miscellaneous
physical property
Loans
168,743
with 13 cents per share paid on Feb. 2,
Cost
1940
$
Assets—
Investments
Other
72,398
$90,026
income
1126.
p.
common
Gross
General
'
;
Cash
$326,680
This compares
•
i
$348,532
84,405
___—
operating
The
1,399,782
$0.35
'
1941
31,
Dec.
$168,135
Carloadings—
stock
com.
"Figures revised,
.
taxes
155,
Sheet,
'
•
351,420
$8,763,258
outstanding (par $50) ;< 1,399,782
Earns, per shr. on com.
$4.66
•
$169,665
$174,431
7,058
-
stock
$2,869;
St. Louis-San Francisco
income
Net
—V.
107,0.10
106,791
$153,235
945; reserve for depreciation and retirements, $628,352; contributions in
Net
the
pref.
Common
Shares
5,140,215
55,941
Balance
$275,145
accounts payable,. $20,268; ac¬
crued interest, dividends and taxes, $35,310; other current and accrued
/
pref? divs.
Second
38,628
-
i
Total deductions..
First
6,632
445,588
charges
Net income
CW
5,081,031
41,717
■
preferred
J
charges,
Liabilities—Funded
.
Rockland Light & Power Co.—12-Cent
debt
income
unamortized
$949,420
656,307
J
discount
of
funded
on
5,047,496
4,999,157
52,322
Int. on unfunded debt—
96,574
J,. $195,391
Consolidated
•
deferred
Gross
rents
993.
-
$260,027
*' $895; unamortized,debt.discount, premium (net) and expense, $59,640;
'
revfenues.-
oper.
Operating
v
$291,965
5
_.
"
Net
$274,151
$291,965
2,143
3,215,155
accruals.*.
Amortizat.
$1,921,812
$260,027
.i.*
income
Net
;•
50
,
,
for leased roads—
Miscellaneous
;Ki
15,456,287
2,957,149
137,254
165,155
Gross 1 income—.....
Rent
$1,995,481
279,525
—
i
$951,563
$1,006,593
1,754
$493,498
revenues
Operating revenues-.
Operating expenses
$2,176,405
$1,940,923
18,093,462
...
,
—
prior to which 25 cents
1942- -2 Mos.—1941
Total other non-oper.
income
< $553,677
293,782
.
Tot&l deductions
previous
Corp.—Earnings—
28—
„_
•
.Gross income
&v
t.
133,923
1939
$559,809
265,257
•
.
special
31,084
26,681
1940
•?* ■ $557,222
Copper & Brass, Inc.—Offering Withdrawn—
Revere
44,752
28,440
year
a
cash with trustee, $25; U. S..Treasury tax notes, $11,200; accounts
$41,356; jhaterfa4s- and •;|uppiiesi> $r5,675; prepayments,.
following distributions; pn;. the
and April 15,^ July 15 and^Get. 15,
'
'''
: -
$2.50;
15,
Jan.
55,635
402,035
income—
3,001
receivable,
a dividend-vof $1 per share on account
cumulative preferred-stock; )no par. valuef
154, p. 547.
410,843
securs.
<
Operating, income;. -.—___!
Non-operating, income
j
•
declared
the $7
on
stock:
Period
against
2,784,
1941
„
.
revenues——
$1,478,000;
The
totaled
year
.
$18,049,008k.
——
the company made the
1941,
each.—V.
this
1317.
p.
expenses
i
common
and accounts..
secur.
accumulations
During
Total
r.
—i;
A
«
unfunded
Miscellaneous
1939———————————
payable April 15 to holders of recordvAprtlA-*:' V'-Thias compares\viith
$5 per share paid on Jan. 15, this year, which left ^arrearages at: $8.50
per share.
$1
operation
-w.Ti in vestments, $1; cash in banks and!, on hand,; $17,748; special deposits
,.
T
1 The directors have
of
231,851
79,174
from
Income
404,862
'
with
merger
.r^Assets-rrPropertyic.';plantt.,and equipment,.:$5,455,280; miscellaneous
property
income™
Dividend
Mr
"•
in
Operating
527,845
1,386,178
phys.
property
Separate oper.
profit
424,216
236,495
income..
rent
—_
——_
$1001
Non-Oper. Income:
;
$102,352,794
50,000
95,354
$172,060
$135,524,476
1941, in the
St. Joseph Water Co.—Earnings-
2,996,380
5,923,289
,Reserve Investing -Corp>—Accumulated Dividend—
86,499
982
stores
,l< .'
":
1942—12 Weeks—1941
$35,078,152
acquired in August,
for
925.
p.
preferred
Br9,793
Dr787,176
—Jr."—
—
155,
;■
$12,651,497 $10,021,028
Dr779,736
of freight cars, net Drl,205,129
Hire
($1 par)
Total
-V.
'
i
:
1942—4 Weeks—1941
$45,239,768
Years Ended Dec. 31—
687,837
Government
Capital surplus
Earned surplus since April 30,
901,943
$39,612,689 $35,618,159
17,131.860
12,861,839
4,480,363
2,840,811
$52,921,507 $44,051,977
Total
Net
i
stock
Common
8,934,959
«1,597
:
—
$32,072
for
Stores
-V* 25,000
profits taxes.Iii._-.L
excess
airplanes and spare parts
to banks in connect, with emergency plant facil.
Reserve for contingencies
Convertible second preferred stock ($1
20,723,999^
218,771
1,566,801
2,649
1,584,453
and
Inc., and sales of the 84 stores acquired on Oct. 6,
the National Grocery Co., have been included in the
the four weeks ended March 28, 1942.' Sales figures and
number of stores operated during the comparable period a year ago
have been adjusted to include the Reeves operation.
A
1,986,603
489,265
1
zx
Notes pay.
3,274,335
4,588,987
16,130,282
——
Traffic
1941
Reeves,
figures
.1,184,224
————————
declared
Advances
$56,744,549. $48,479,998
equipment...
of
Maint.
in
of
$1,609,986
__
$79,566,095 $63,797,976
Total
$59,479
1941',"'from
1
v
the
of
Daniel
985,085
19421
t...
...
Reserve for Federal income and
973,130
1,101,756
5,939,283
—
payable
Dividend
: 3,203,917 <3,248,055
, 806,082
710,751
633,707
540,193
3,137,989
819,128
820,593
3,626,088
813,179-
i
and
Miscell.
Sales
%ago.—V. 155,
to Swedish
Due
"1938
1,450
$31,007,950 $26,582,809 $24,169,386 $21,307,133
41,455,385
31,199,79$ 26,829,700 21,700,736
Merchandise
Mail
1,890,876
„
'
Sales:
————.I. $18,049,008
—
Accrued liabilities
—
Passenger
1939
of
shares of common
in retiring stock
Safeway Stores, Inc.—Sales Increase—
i*
627,509
nominal value—.——^___
accounts
doubtful
1940
accumulated
Period End. Mar. 28—
Liabilities—
Notes
1,449
1,050,177:
4,065,221
.c.—'.... 2,000
::
$9,795,711-
;
.
Total
Years
1940
1941
Average miles operated
By. Oper. Revenues:
cost
and patent rights—at
Patent
Scheer,
together with income account, are given in
this issue of the "Chronicle", page 1501.
President,
Coal
!
—
Emergency plant facilities contracts with the U. S. Govt.
Land, buildings and fixtures, machinery and equip., etc.—
Investments—at
v
lii™L—!——'£-™, ; i" 2,655,145
™__
;Drl,570
$15,472,285
$833,711
Deposits with vendors against unfilled orders for materials
Deferred
charges
_____J—*_<;„
Reading Co.—44th Annual Report, Year Ended Dec. 31,
1941—Extracts from the remarks of Edward W.
''
•
™——1—™—
receivable
Accounts
'
>
•
<!
deposits'——.:
bank
Inventories
'
•
hand
on
1,608
______
stock representing frac¬
predecessor company.
jAfter deducting U. S. Treasury tax notes and accrued interest thereon,
$2,004,000.—V. 155, p. 366.
' • •
r
;
shares
tional
1941
31,
*
•
in banks
J '1,635,550
—__—
in;; 1940.
*
Operating expenses
3,323,158
stock
for
926,547
1,351,420
1, 1936__:_Jii__—__'_
surplus since Jan.
t327: in
1,189,088
>
1,219,843
.
reserve
:J
'
2,050,000
300,000
$1)_______—926,547
(par
Total
$1,386,170
' $0.69
'
;
-698,561
—
surplus
"After
Earned
Earnings
1,289,670
; 'v
1,189,088
stock
Capital
tTreasury
Total
Railway* Express Agency, Inc. (& Subs.)—Earnings—
•
3,413,053
.
facili-
icontra)<__...
___1—
i
2,400,000
plant
Preferred- stock
25,000
;
profits taxest
excess
debentures—.:
(emergency
loan
$781,120
—„j
bank
to
contract
Bank
Common
profit for the year—
Earned surplus, Dec. 31, 1940—,-——'
uncomplete sales orders.
on
:
652,346
335,741
__216,918
545,040
15-year 3'A- sinking fund
v, 290,000
1™—_
$150,000
$150,000.
__™
20,427
...
<
—1'';.>^1,158,603
payable
,
62,009-
•;
„„
profits tax
contingencies
Net
1218.
Mass.—V. 155, p.
excess
Provision
Payment will be made at the State Street Trust Co.,
and
income
Federal
5% 50-year gold bonds due
redemption as of May 1, 1942, at
for
Accrued
Deposit
mortgage
called
Accounts
$10,793,021
Net
one.year
Deb; due within yearii.—150,000
$1,518,556
and
etc
Interest
first
been
have
and interest.
Bankyio^n^1^ exci: .of: lnstal^due, after,
<:<•,
9,274,465
Quincy Market Realty Co.—Bonds Called—
105
;; *'•"
1941 •'
Operating costs and expenses applicable to products sold—
airplanes, spare parts,
.
May
31,
Dec.
795,553
$2.40
of
Sales
:
-•
Year
1,076,178
$3.08
share
common
Federal
155, p.
Income,
$6,022,583
™—
—
of
Statement
1940
■1.
$8,379,128
—
profit
Republic Aviation Corp.—Annual1 Report^:;^::5-^
;
Puget Sound Pulp & Timber Co.—Earnings—
Years
Monday, April 13, 1942
profits tax under the 1940 Act.
*
.*•'
t-Volume 155
ASS^S"*"** '» i'/V/' i /V^rV^ ;V.':^; v t /' •-\'■ "j•••«•%''
Total plant arid--other."irivestrrients:;^
Cash '
.
>■
Comparative" Balance • Shcet^Decv-St'^
I•
•
|2f4p
hjX941"'_. ?' ');■ $15,228,884'
140,697 *•;
.
less .reserve".
and
suppliesi_-_-----v-r---r-,-r---w-
i. ,si.
Savannah
% due
E.ec.
1955
5 %,
bonds, series F 5%; due
cons,
rhtge. bonds,
Co.,
•
accrued
Interest
Other
Total
cn
Feb.
Uncollectible
oper.
-V
Net oper.
Operating
■K
Net
76,429
•
'
'-
Net
from
Net
ry.
4
railway
$178,777
57,702
22,b84
...
income
cper.
..From Jan. 1—
1941 -•
$121,473
22,680
"10,737
"1942
■
railway.—
.«■•!1.
Pacific
ry.
;
•
scheduled
is
Louis 011
St.
for
Net
by June
"30,240
3,186
•210,741
.
•:
306,003
360,003
:
7
"49,690
On Plan—
4,280,054
'
1939
1940
$11,920,559 $10,352,312
2,339,683
1,662,553
534,872
"40,029
1,434,003
in
&
dividends
accrued
equipment.
.
...;
The report of
be
to
Annuities,
Granting
in
con.iecnon
1942,
for
to
,
..
Co.—March Sales—
Sears Roebuck &
1942—2 Mos.—1941 j,.
$76,038,022 $66,381,385 $137,708,985
!
—V.
1942—Month—1941
Mar. 31—
Period End.
Sales
«
Railway
oper.
•
the
on
rents
Other
inc.,
Total
Co.—10-Cent Dividend—
misc.
to
583.
fixed
,.
fixed
conting.
6,445,628
2,802,301
;
of
866,174
135,755
287,674
97,777
Oct.
$56,400
general
of
152,
690.
p.
8,291
$1,094,098
$7,109,245
$2,255,173
P.
S.
34,613
15,313
34,274
15,839
:
revenues
mortgage
$208,571
'
.
bonds dated
1. 1942, at par
National Bank,
155, p. 1219.
155,
50,113
income
8,889»
and
1942—12 Mos.—1941
'
.
'
*
935,079
.V
21,018
113;714
270,011
Retire.
bef.
f- .y
•;V
*
DrllO
Drill-
•
'
3,628
Operating
13,785
u,
'
13,875
•
-
$952,023
$85,526
■
$986,385
Telephone
Associated
165,744
145,357
: v:
Operating
$56,426
$71,651
$786,283
$841,028
8,125
6,229
90,164
108,803
'
income—
Gross
-
of
Amortiz.
debt
debt
less
Other
debt-
long-term
on
25
cents
50
and
517
,
Dividends
923
7;'.:..
Dividends
declared on common
155, p. 1317.
.
•7,839
'
1,200
$150,287
rev.
oper.
$141,433
300
$141,133
$304,119
77,616
190,712
The
Period End. Feb. 28—
-
•
$7,783,186
'27.Q66
..
<
directors
$6,870,987 $15,821,965 $13,802,628
.26,822;
54,236 1 .. 53,311
From
made
revenues-
$7,756,120
expenses—
5,067,208
4,274,794
operat. revenues.
taxes ___I—
$2,688,912
"1,383,029
$2,569,571
$5,416,986
$5,042,055
1,097,853
"2,766,567
2,154,046
Operating
Net
<
Operating
rv'
••/
Net
Net
$13,749,317
10,350,743
8,707,262
$6,844,365 $15,767,729
"
1
operating
income
"Federal taxes for 1942
March
'31,
for
>
V
a
was
1942,
the
gain
May
on
1,
1.
to
1939.
quarterly
stock.
Period End.
$65,635
7
Other
as
fSoutherii: Canada Power Co,j
Period End. Feb. 28—
:•
:
net^gain of 17,589
•
.
Ltd.—fEarniiigs---.
1942—Month—1941
;,v,$236,699
;\ .;/i94,012
,' r. 75,972
$259,799
Gross earnings
Operating expenses—1__
a
v
1
•
•
v
Int.
.
•
"j$ 165,787: •
155,
Mar.
v<
after
1317.
129,227
122,494
3,547
42,760
47,547
$18,707
$167,280
$200,836
702,359
Dr462
109
Dr3,192
$18,245
Dr440
$167,389
$197,644
5,450
5,450
84.449
84,055
Cr5,895
C'rll4
$10,701
$83,385
$108,253
to pref. stocks for period-.
35,000
35,000
$48,385
$73,253
mtge. bonds
,
454;.
,
454
7,090
7,691
deduct.-
and
charged to constr._
income..'—_
$3,046
..
_
-
Balance
March 31
12
months
C.
Arthur,
Pa.,
plant
W.
Erie,
•
and
for Federal taxes of $6,600 for the current
ended Jan. 31. 1942, additional to the amount
Talon, Inc.—WPB Order
1942—3 Mos.—1941
$4,825,496 $10,672,555 $10,889,254
1942—Month—1941
$4,602,138
provision
■(•Includes
month
required under the Revenue Act of
1941.—V. 155, p. 1023.
Causes Heavy Layoff—
1
President, on April 2 announced the company's
employing 800, had been closed and 1,500 of 4,000
the Meadville, Pa., plants had been furloughed as the
Production Board order prohibiting the use of copper
for slide fasteners.
It was said that the War Production Board's order may result'in
further layoffs.
It was added, however, that the company is con¬
verting its facilities to W8r-tirae production-as rapidly as possible.
In recent months two Meadville plants were purchased for exclusive
•
Ended—
•
manufacturing
Subs.)—Earnings—
Feb. 28/42
$7,232,758
*
charges
877,181
307,454
—
Feb. 28/41
$2,886,581
532,896
and
Feb, 29/40
$2,030,249
446,675
$6,048,123
278,363
331,879
$2,075,322
110,472
$1,251,695
115,886
income
$6,157,835
7,779
——
Idle1 plant expense
"
Provision for 'contingencies--!-----:
Amortization defense plant facilities
Excess
•
income
profits
:
•
•
v^-*.Net;''profit':"'!i'!--i!--—
Esrnictts per common
—V.
155,
p.-
1318.
; :
share-
500,000
$2,185,794
7,495
$1,367,581
'>
>
9,203
135.000
322,343
35.867
973,500
517.000
2,745,500
toxes-;"—
'■
.....
!
27,000
$1,608,713
$1,463,432
$5.01
$4.53
'.
tax_^i;_-—
'
■
109,712
at
245,500
.
$1,112,878
:
-
$3.36
copper
allov
production
purposes
and
one
(Wm.) Taylor Son & Co.,
;""
Federal
-
months to
29,802
11,306
$11,191
Dividends applicable
Jan. 31, 1942, the company
15^ cents per share on the
and Three Months Ended
31—
1127.
p.
Months
Six
Total
$160,727.v V $860,166 ; ,:, $806,448
89,633
$11,631
_____
income
int.
Net
'
V;,.
$1,220,068
i;-'.\483,836 ;
413,620
Note—Operating exjienses for February and for, the ;five
Feb. 28 do not include income and profit taxes.—V. 155, p.
707,076
5,433
3,543
revenues
income
on
Int.
war,
-
y;v
'
oper.
Other
155, p. 1419.
{
Operating, profit :
Othef dncome (net)_;::_:_-/_——
$1,344,002
,
62,146
—
Other
$79,579
regular quarterly dividend of
declared the
Depreciation
;
,
61,885
res.
Common Div.—March Sales—
Expenses
,
1942—^5 Mos.—194V /,
1942—12 Mos.—1941
$1,135,976 $1,103,038
$101,139
10,855
—.
appropriations
Co.—Registers With SEC
and including
distributions of
—
Profit
;
against
Co.—Earnings—
1942—Month—1941
result of a War
.
_15§^p.^92.^
155, p. 308.
16,213
retire,
employees
Telephone Co^Gairi in Rhones—
the net gahDwas 12;015
period a year ago,—V.
1, 1942,
ex¬
taxes—
taxes
taxes
with May
$104,127
expenses,
tFederal
reports
of
1, 1956,
38,974
$44,876
due Nov.
attached are now available at the Citv Bank
William Street. N. Y. City, for exchange for the
22
revenues
$118,553
47,772
Spicer Manufacturing Corp. (&
\
like
Net earnings-
April
on
Sales
1,235,468
net gain of/4,368 units in March, 1942, as
4,731 in March, 1941.
The total at the end of
872,397 stations:.
For the three months ended March
company
$113,407
18,641
$33,767
:
Sales for Month
$2,888,009
"$2,650,419
2,444.43$
2,140,275
have been accrued at tax rates now in effect.
Southern. California
The,
against
$63,517
23,785
(of Calif.)—Definitive Debentures—•
coupons
Operating
$1,471,718
i7tV; 155, p. 1418.
•;
paid
Aug.
regular
common
—V.
"$1,305,883
1,044,712
income
„,
on
per
normally
.
Accumulated Div.—
Co.—25-Cent Dividend—
debentures,
3'/a %
Operating
share on the $4.50 preferred stock, payable June 15 to
holders of record June 1, but took no action on the common dividends
1942—2 Mos.—1941
1942—Month—1941
,
Operating revenues
Uncollectible ■ oper.;" rev.
Operating
$57,552
revenues
taxes
"Chronicle," Thursday, April 9.—V.
$1.12V2
the
record
a
Superior Water, Light & Power
161,851
Spiegel, Inc.—Omits
Co;—Earnings—
Sputhern BeH Telephone & Telegraph
paid
was
Period Ended Jan. 31^-
$280,404
v
.
revenues!!"
Southwestern Public Service
•
paid
outstanding temporary bonds.—V.
$281,004
600
,$150,887
600
<___
operating income
p. 1127. :
./
452,838
" : '
.
1
155,
See
holders of
payable May
Trust Co.,
Gross
210,000
361,344
stock."———-
—V.
$713,217
:210,000
■
Net
11,164
V
$690,071
•
$64,616
stock—x—_x..
declared on preferred
—V.
Crl,892
7,940
Crll7
;W<:
$47,961
income-—
Net
;
Crl77
>
to
declared
have
stock,
subsequent
Farmers
1942—2 Mos—1941
$305,319
expenses
oper.
15
194.
p.
Superior Oil Co.
Definitive
Net
prem.,
(CDcharges--
exps.
income
Net
Operating
April
a dividend of
25 cents per share pn.
25 to holders of record May 15. - A
Feb. 25, last, as against 50 cents each on
and Nov. 25, 1941.
The previous payment was also one of
on Oct.
15, 1940.—V. 155, p. 607.
Property
Int.
155',
directors
amount
Co.—Earnings—
92.735
revenues
Operating
payable
plant manager, has been elected a director^—
April
on
30.—V.
common
Aug.
.
28—1942—Month—1941
Feb;
End.
-'Period
•
3,303
1942
1941
$4,653,098 $53,146,904 $41,244,918
$6,928,008
Southwestern
-
$983,079
v.
dividend of 50 cents per share pn
a
value,
par
no
cluding direct
'
$70,211
accruals
reserve
;
•
Stock Trust Certificates—
on
retire,
accruals-
res.
March 31,
15j$l.—V. 155, p; • 1419.
Dec.
company
like
—Jan. 1 to Mar. 31 —
amounting to a total of 18 cents per certificate, were re¬
for payment on April
12 to stockholders of record April 7.
payment amounted to $4.18 per certificate.—V. 155, p. 1418.
Uncollectible
inc.
to holders of
$25,
follows:
3214.
p.
The
1942,
Total
242,840
$948,400
$85,637
$70,321
each,
$2
leased
161,200
$-*307,252
'
24,609
Othef fbc:, 'net i lots)--•
ment
■
Payments during 1941 were as follows: April 15, July 15 and
50 cents each; and Dec. 22, a year-end of $1.60.—V. 155,
the
of the court, dividends due April 1 and Oct. 1, 1941, on
Ry.-Mobile & Ohio stock trust certificates, amounting
which were held in escrow, plus interest thereon to April
order
to
1,
20,050
28,666,
.
.
—1—
Utility oper. inc. be' fore retir. res. aedf.
Gross
par
as
Doane Anderson Jr.,
March
Southern
the
794,852
110,439
6,076
.
By
$2,295,684
$2,571,181
763,217!
•v.*
v
■
dividend of 50 cents per 'share
record March 17.
Divi¬
June 30 and Sept. 30, 60
March 31- paid a
Sullivan Machinery
(net)
earnings
stock,
15,
125,
1418.
p,
.
excess
taxes-
taxes
>
amount to $19.25. per
• ,*:
;i
\
41,424
Southern Ry.—Earnings—
4th Week of March
Period—
1942
1941
Dividend
$195,998
,
'
76,086
Maintenance
profits
on
were
dividend of $5 per share on ac¬
count of accumulations
on
the 6%
cumulative preferred stock, par
$100, to holders of record March 30.
This clears up all accumula¬
tions on the stock to Jan. 1, 1942.
During 1941, payments on account
of accruals were made as follows: Jan.. 2, $1.50; April 1, $2.50; .July
1, $5.50; Oct. 1, $1.50; and Dec. 29, $6.50.
The company also on April 1, 1942, ;paid a regular Quarterly divi¬
dend of $1.50 per share on the preferred stock to holders of record
Apr. G,'42 Mar. 29, '42 Apr. 7,
•
income
4%
'
Operation
Fed.
•
Strathmorc Paper Co.—Clears Up
'41
30,072
11,352
49,926
I
received
Gross
Other
1942, were said to
directors have declared
The
'
loaded
Cars
-V.
Sierra Pacific Power Co.—EarningsPeriod Ended Feb. 28—
- 1942—Month—1941
Operating
paid
was
No distributions
1127.
$7,225,547
4,962,082
5,402
4,234
Week Ended—
New Orleans, La.—V.
Hibernia Bldg.,
trustee,
amount
Steinway & Sons—New Director—
Carloadings of System—
have been called for redemption May
Payment will be made at The Hibernia
interest.'
cumulative
A. like
last year.
25.
27,
Arrearages after the April 1, 1942. payment, it was
to $6.87V2 per share.—V. 154, p. 757.
were
each;*and
The
J.
$3,565,531 $11,947,655
2,467,198
4,833,007
System-
Transport.
Shreveport Rys. Co.—Bonds Called—
and
1941
common
2,042,684
Total
of
March
.
$1.75 per share on
preferred stock, par
of
on
stock,
common
in
cents
$6,788,770
644,993
208,217
1,051,268
$3,356,156
charges-
income
Net
..
"Chronicle," Thursday, April 9.- -V.
1937,
7%
the
on
and Dec.
1
dividend
a
/V
on
company
the
dends
3,035,030
$5,773,492
2,414,632
2,704
charges—
Cars
1,
paid
company on
The
V.
charges
Total
Shenango Valley Water Co.- -Registers With SEC-
total
155,
Stanley Works—Pays Smaller Dividend—
for
available
Income
Shaler Co.—10-Cent Dividend—
The Company on
April 1 paid a dividend of 10 cents per share
on
the no par class B stock to folders of record March 24.
During
1941, the following distributions were made on/\this -issue: April 1,
fti July 1 and Oct. 1, 10 cents each; and Dec. 27, 20 cents.—V.' 154,
A
4;
kVh.
•
stated, amounted
1
Jan.
an
1940.
previous quarters.
$40,079,121
23,232,636
$3,375,635 $11,217,236
68,674
deductions-
oper.
ry.
Total
See
year,
the
April
ended
March 31.
$5,236,190
605,977
inc.—
incl. divs.„
•'
p.
in
companies
week
April 1 paid a dividend of $1 per share on account
the 6V?.Vr
cumulative preferred stock, par $100,
holders of record March 16.
A similar distribution was made in
P.
paid a dividend of 10 cents per share on
the common stock, par $1, to holders of record March 20.\ An initial
distribution of 15 cents per share was made on Oct. 1, last, which
ii was followed by a similar payment on Jan. 2, 1942.—V. 154, p. 1531.
h
1
record
of
Oct.
accumulations
of
1942—2 Mos.—1941
1,501,805
1,434,463
(net)
April 1
on
company
tax
Net
Seneca Falls Machine
The
the
with 137,486,000
increase of 11.1% .—V.
•
$5,928,708 $20,465,166 $11,866,485
$10,624,585
3,953,932
accruals—
& joint facility
Equip.
share,
paid quarterly dividends of four cents per
company
150, p. 3987.
—V.
v
operating
for
compared
as
Standard Fuel Co., Ltd.—Accumulated Dividend—
The
rail¬
from
rev.
operations
way
Railway
March 31 paid a dividend of two cents per share
stock, par $1, to holders of record March 21.
Previ¬
on
common
ously, (he
Malting Co.-—Smaller Dividend—
Brewing &
company
utility
system
State Street Investment Corp.—50-Cent Dividend—
.Net
Tne
accumulations
holders
in
April
Arrearages as at April 1,
154, p. 438." v
155,- p. 1127.
Seattle
Y
expenses
Co.
kwh.
share.—V.
on
$29,263,257 $19,698,901 $59,077,768
18,638,671
13,770,193
38,612,602
oper. - revenues
Railway
$116,372,664
of
to
not less than 99%
1942—Month—1941
public
Electric
on
1, July 1,
.
28—
and
Electric Co.—Weekly Output—
the
corresponding week last
company
made
the Commission states:
-Period End. Feb.
of
&
April
*
-
Etc.—
that portion of the line, of railroad of
Louis Ry. extending from the junction
& St.
152,699.000
$100,
Earnings of Transportation System
:
the
account
trustee, and sold at 100.009
with the procurement of certain
as
2.50%.
mately
Gas
totaled
The
and accrued dividends, to be paid for the
certificates. and to specify the rate or rates of dividends to be borne
thereby, f In response to the invitations two bids were received repre¬
senting 18 parties.
The most favorable bid, 100.009 for certificates
of all* maturities bearing dividends at the rate of 2'/2% per annum,
was
received from Salomon Brothers & Hutzler acting for itself and
Dick & Merle-Smith and Stroud & Co., Inc., and has been accepted.
On this basis the average annual cost to the applicant will be approxi¬
this company expire and become
void at the close of business on May -1.
Dealings in said warrants
on
the New York Curb Exchange. will cease at the close oS> business
on
April 29. Transactions in the warrants on April 28 and April 29
will be lor cash only.—V. 155, p. 1219.
•
1,
1419.
obligation
assume
applicant invited 123 banks, bankers, insurance companies, and
houses to bid for the certificates, the bidder to designate
The
Nov.
Standard National Corp.—Accumulated Dividend—
•
,
investment
the price,
from
stock
certificate authorizing acquisition
a
of
company
Springfield
output
Standard
p.
;
■
,
the
issued
16
Standard Gas &
not exceeding $5,660,000 equipment trust
issued by the Pennsylvania Co. for Insur¬
of
respect
series T,
Lives
on
'
March 25 authorized the company
on
by
Chicago,
Electric
22,086,117
3,951,603
568,739
24,841,866
5,182,725
30,081,085
9,008,986
5,145,481
9,114,404
income.._
preferred
RR.—Acquisition,
Southwestern
&
March
on
;
16,112,155
certificates,
-X■
Void May 2—
V,; 679,575
v '
-
4,396,677
2,457,938
8,274,074
railway----..
liability
ances
1417..'.,,'./^ [
554,175;
1941
46,979,417
oper.
ry.
and
warrants- of
purchase
stock
$826,543
railway—.
:The:IGC
22,175
15 before Federal Judge Charles B.
Commission's modified
objections thereto, which must be xiled
Seullin Steel Co.—Warrents
The
vv,
$760,183
1942
first
$3 per share on the
value, payable May 1
covers
all dividends
with the tracks of the Baltimore & Ohio RR. near Cox St., in Springfield, to a point 100 feet south of the south end of the passing track
south
of Curran,
approximately 7.781 miles of main-line track and
5.6741 miles of side track, in Sangamon County, 111.
The ICC also approved the acquisition by the company of trackage
rights over certain tracks of the Baltimore & Ohio RR.
'
The company also was granted authority to issue at par not exceed¬
ing $55,000 of- unsecured non-negotiable promissory notes and $5,000
of common stock (par $100), the notes to be delivered to the SchiavoneBonomo Corp. in connection with the acquisition of a part of the line
of railroad of the Chicago, Springfield & St. Louis Ry. Co., and the
stock to be sold and the pioceeds used for organization expenses and
working capital.
; . :• •-»;*' •, /'
Deficit. -
228,030
•
.840
"66,535
,
*
394,190
$433,093
Equipment Trust Certificates—
June
next.—V. 155, p.
1,
665,233
$408,975
income
oper.
from
Net
Interstate Commerce
the
$1,425,422
$23,159,047 $14,673,604
railway
from
Gross
1939
•
and
at
$1,220,733
the
■
201,068
Co.—Earnings—
the
on
payment
,
Springfield
operation
2,313,044
$634,161
-
From Jan. I—
.
Davis
$3,533,777
rai.way_J—
from
-
♦plan of reorganization and on
$1,752,694 ' $4,023,367
2,597,345
1,118,533
'•
covered
The ICC
9,000
!'
from
Gross
.
•Hearing
2,500
$739,046
income
accrued
This
An initial distribution of $1.50
March 16 of the current year,
accumulations from Nov. 1, 1939, to and including Oct.
155, p. 926.
,
•
*
1940.—V.
'
1220.
p.
Southern
1,283,947
<■30,503
St. Louis-Southwestern Ry.—Hearing
which
31,
1,141,649
;■
$103,054
railway—348,653 /
243,943
Net from railway
102,907
y , ; 43,073
Net ry. oper. income—
33,284
"22,224
/./ ("Deficit.—V. 155, p.* 1021.
D.■•■
|
4,500
_
be
a
17.
1940, to and including Oct. 31, 1942.
share was made on this issue on
$3,542,777
330,071
revenues.!
to
or
April
1942—2 Mos.—1941
$4,025,867
1,258,842
record
per
.
—v; 155,
2,183
$103,461
2,621
from
Gross
accrued
,
'
$1,757,194
taxes
operating
Net
from
■*:
months'
Notes are to be issued from
1943.—V. 155, p. 1022.
$1,997,888
income
Net
6,643
Ki.-
St. Louis San Francisco & Texas Ry.- -EarningsFebruary—
12
of
dividend of
stock, no par
declared
preferred
have
first
cumulative
holders
to
.
•
126,060
155, p. 238.
Gross
each
*:-i i.ooo
Operating ' revenue's—
Operating expenses.
Net
'
end of
$1,998,888
rev.
'
$16,490,650 $16,145,873
1940
the
1942—Month—1941
28-
y;£:>■ •'
;
V 88^400'
'1,494,29F
Total
at
$50,000
prior to April 30,
or
February—
-V.
of
their
the first day of
any such notes
are
on
'
1...;r;l,004,060
_
surplus
month
the
the "rate
bear interest from
to
$50,000
in which
mature
Southern Ne>v England Telephone Co.—Earnings
.753,204
*. •} '—---
credits
reserves
Earned
!..
liabllitie3.-_i.--i-x-n-i-_Xii_'--i.
current
Deferred
time
to
Period End.
1,872,000
'257,546
'75,980
5,928
accrued
Taxes
at
Operating revenues. -I-
4,462;000
;
.100,000
-128,873
56,616
■
deposits
following
and
be
,
.996,000
..
"
1,872,000
Noted payable
Accounts .'payable,
Customers'
time
$6,037;355
-
1952.
month
issue
the First Preferred Stock—
on
directors
$1.50
period thereafter until all notes are paid.
$16,145,8^3 ^
$6,037,355.
s9S,000
4,462,000
4%, due 1947
mtge. bonds, series D
First & ref. mtge.
and "to
of
The
;
228,938
...
capital
First & ref,
to
dates
first 'issued
v;
"10,616
214,143
$16;490,660
' ,'V.
Liabilities—
dated and
The" notes are
19th
/the
148,247
•
.
:*>•
•••
$500,000."
..'.respective
262ll08
:
lations
';;sidiary, certain 3% serial notes in a maximum amount not exceeding
2,908;
••'
2,°2.685
•
Tot'ai'^-'----;
Total
;::
•
Prepayments
--->5
Total deferred 'debits.-..^---———-—'•
^
,
Company, in an application to the Securities and Exchange Commis^
proposes to purchase from Southern Production Co., Inc., a sub-
sion;
258,402.;
>28,313 '
:
Special; deposits _ _r!—_ _!_..-- ..
'Warrants', receivable
J'
Accounts' roceivab.e,
incl. instalment accounts,
(A. G.) Spalding & Bros., Inc.—To Clear Up Accumu¬
-^Southern Natural Gas Co.—To Buy Notes from Subs.
v;
r-.i'::-'5,771
•
Materials
1519
THE COMMERCIAL & FINANCIAL CHRONICLE
*• r;
Number 4063
?.
.
already is in operation.—V.
154,
Cleveland—Readjusts Capital
in sa'es volume of this company, 72-year-old depart¬
running ahead of the average increase of Cleveland's
department stores as indicated by Federal Reserve Board figures, Maj.
C. H. Strong, President of the companv said on Feb. 27, in a state¬
ment announcing a capital adjustment program.
The statement, in part, follows:
"Because of heavv losses during the depression and. consequently,
reduction in working capital, the large amount involved in b^ck divi¬
dends could not now be paid in cash without seriously impairing our
.
The
ment
upturn
store,
working
is
capital and financial
position.
v
'
4 dtMrMmMMrl *n*t >
HI
have authorized an issue of $2,760,000 of 4% first
stock which they propose to offer in exchange for the
issue of $2,000,000 of Oft stock, thus canceling the accrued':',
dividends on the present stock.. Each holder of present stock would./
"The
directors
1.38 khares of
receive
■
•:
stock."
new
^'K
'
■
<
■
fractions,
1941
in
were
as
X '
Pec, -31/ $1.;X
' rv:.
X
'"
no
Sept.
were
share
said
March 30 paid a dividend of 25 cents per share on
stock to holders of record March 13. Pre¬
The company on
the
no
.
'
of
the
paid quarterly dividends of 20 cents per share.
company
At
chaise of sales and purchases,
P.
superintendent of
as
1023.
'
*
■
,
the
1
-
.
the appointment of J. L. LonerEaston, Pa., plant.—V. 155,
and
to
company's
Dividend—
Oil Corp.—Stock
April 1 paid to holders of record March 28 a
dividend of 15/1,000 ol a share of common stock for each share held.
A
like amount was distributed on Jan. 2,
1942, and in each ofHhe
company
four quarters
on
Co.,
Ry.
of
the
SijCl'■»
v—' ,■>:'/ J'j V? '*
•
of
Consolidated
Investment
Period End. Jan. 31—
.
1942—12 Mos.—1941
$788,337 $10,088,295. $8,916,568
Direct
revenues
v/v'
295,393
3,917,814
3,412,661
79,930
'58,335
1,511,626
763,794
838,604
705,001
Other taxes
—
83,333
60,746-
—
retirement re¬
appropriations.
Property
serve
1,000,000
1,000,000
kwh.
155,
83,333
operat.
Other
income
(net)
$244,569
$271,346
$2,895,061
900
/ 22,118
14.081
____
income
Gross
$246,187.
$272^46
$2,917,179
$2,974,383
140,542
3,645-
....
140,542
2,772
1,686,500
34,952
1,686,500
33,368
mtge. bonds '
on
$102,000
income
Net
Divs.
United
375,678
375,678
$820,049
___.
Note—tlncludes
and
month
rent
provision for Federal
months
12
ended
Jan.
on
♦After
taxes of $15,126 for the cur¬
31,
1942. additional to the
155, p. 927.
The
The
rayon
1933, and bonds of
$4,728,000
$1,000,000
Division second mortgage bonds,
due June 1, 1935, and
of Galveston-Victoria Division first mortgage bonds, due
bonds, due July 1,
Extension first mortgage
pasas
the Galveston, Harrisburg & San Antonio Ry. Co. as follows:
Eastern Division first mortgage bonds, due Aug. 1, 1935;
of
Eastern
$10,000,000
'
June
1940.—V.
1,
155,
1420.
p.
offices
to
155,
A
$0.55
Total
profits
excess
taxes,
depreciation,
will add
company
in
dividend
a
to
paid
holders
in
of
of
Dec.,
$1
share
per
record
March
many
South
Thermoid Co.
Mar.,'42
Mar.,'41
$1,031,518
X
Sales
—V.
Feb..'42
the textile industry.—V.
155,
$1,165,563
The
Columbia
Corp.,
amortized
deferred
total,
Period
End.
Operating
Operating
Feb.
1942—Month—1941
28—
$1,253,874
their
oper.
7,854,447
$292,603
$266,373
$2,315,650
$2,316,153
146,421
1,273,790
1,202,674
$129,972
$119,952
$1,041,859
$1,113,479
19,142
18,162
$149,114
$138,114
$1,195,964
$1,257,538
241,660
revenue..
Taxes
846,672
214,845
1,904,508
1,711,902
$92,546
$76,731
$708,544
$454,364
at
154,105-
144,060
income
_____
The
deductions
Combined
i
net
loss—
railway and bus...
Note—The
above
; r
figures
not include any provision for income
or
excess
profits taxes and in the opinion bf the management no
substantial amount of income or excels profits taxes will have to be
paid from the income of the period.—V. 155, p. 1221.
do
■
The
r»-
and
directors have
the
Like amounts
April 22.
In
declared
extra dividend
an
of
one
cent
addition
the
to
were
paid
quarterly
on
Feb.
on
the
record
last.
23,
payments
share
per
three
of
each
cents
made
during
1941, the company paid the following extra dividends during
period: Feb. 22 and Mav 22, two cents each, and Aug. 22 and
one cent each.—V. 151, p. 3578.
that
Nov.
Tonopah Belmont Development Co.—May Dissolve—
Park
G.
Jr.,
President,
states:
"Owing
to
the
lack
of
working capital and the present difficulties of operation directors and
officers are seriously considering plans for the dissolution of company.
It
is the opinion of the officers that there will be no
liquidating
dividend paid to stockholders."
The
Dec.
was
company reported a net loss from operations of the 3'ear ended
31, 1941, of $16,120 after expenses and taxes.
A loss of $7,850
for 1940.—V. 147, p. 586.
built
was fined
to
its
S.
Steel
sentenced.to two years in prisdn and fined $10,000, March 26,
Federal Judge George H. Moore at St. Louis, Mo.
by
violate provisions
case.—V.
155,
of the Act.
Union Pacific
Period
Total
Ended
Penalties
were
the
maximum
in each
1420.
p.
RR.—Earnings—
Feb.
/
;
v.
28—
demands.
Net from operations
the
for
Columbia
Works
F.
other
21,465,616
$5,857,400
Taxes
4,832,999
3,016,355
Equipment and joint facility rents—net charge
1,347,792
1,138,805
Net
income from
Income
from
Income
from
ail
$4,772,085
transportation operations—
983,668
531,800
operations—net__~—____—
Investments
and
other
sources..
$1,702,240
547,051
547,386
„
The
income
$6,287,553
charges——
2,327,710
$3,885,380
.
$2,796,677
2,402,173
—
___
Harris,
States
items
for
and
electric
improvements
with
the
The
"The
income
♦Includes
for. 19*1.
year.—V.
t
t
*
*
o «
«
from
Federal
wo
ail
income
liahiuty
155, ,p.
sources__^
$468,967
f0r
taxes
excess
1421. •
I
i»
of
$2,074,158
profits
tax
for
is
1942
and
indicated
~
$600,000
for
either
of
'*
Sheet,
premium
stock
199,018
198,567
'
,$91,787
.
Dec.
(net)
commission
$17,613;
income
debt,
$92,788
lf)4t
31,
and
and
accrued
$3,000,000;
customers'
$47,882;
expense,
$3,690;
expense,
under
contract,
accounts
payable,
security and construction
depreciation
construction,
fur¬
corporation's
Steel
these
on
un¬
other
$464,236;
$811,324;
ac¬
deposits, $84,-
retirements,
and
$377,851; contributions
stock, $350,000;
common'
preferred
$8,863;
surplus arising from
income accrued
under
total, $7,529,836.—V.
contract,
152, p. 3364.
Feb.
the
U.
of
Steel's
iron
in
various
localities
projects
is
to
Oil
Well
announced
Supply
on
Co.,
April
essential
the
to
guns,
and
9
A
2,600,000
record
made
in
the
by
forward.
subsidiary
the
approximately
tons
of
of
nut
been
appointed
Prior to his appointment,
division
of
General
832.
p.
has
he
Sales
Foods
•"
'
in
Woodward Iron
directors
•The
the
756
have
an
executive
Inc.,
of
New
of
in
this
compared
as
stock
declared
stock,
a
special
payable
dividend
April
16
to
of
25
holders
cents
of
sustained
1941.—V.
in
155,
1224.
p.
«
1942—Month—1941
31—
1942—2 Mos.—1941
/
The
*
-
h%ve declared a dividend of 40 cents per share on the
capital stock, payable June 1 to holders of record April 20.
A like
amount was paid on March 2, last, and on Sept. 2 and Dec. 1. 1941,
which compares with 60 cents per share in previous quarters.—V. 155,
p. 740, 1128.
yy-yy
''y directors
Yazoo & Mississippi Valley RR.—Earnings—
-
railway-—
income.—
,
from
ry.
railway
•Deficit.—Y. 155, p.
.$1,026,699
236,421
♦111.237
232,209
41,309
2,429,261
2,132,339
716,007
484,933
295,838
79,615
-
2,262,140
501,210
-
76,937
1024,*/ :.
Zenith. Radio Corp.
per
1939
$1,244,167
432,053
l,9b4,419
1,4A5,966
—
income___
oper.
7/
1940
v
.
4,275,871
railway-...
from
Net
Net
1,
,
102,537
$959,192
881,382
From Jan, 1—
Gross
1941
1942
$2,229,865
1,103,470
,
railway—.
from
from
(& SubSi)rrtEarnings---r
»■
record
Feb.
p.
1,
132o!
Months Ended Jan.
Nine
♦Profit
depreciation,
31—,1942
$1,598,450
excise taxes and
1941
$1,465,377
1940
-
reserves
but
$598,852
before Federal
income taxes^
Note—For
the
1942
period
profits taxes was
excess
the
profit
after
$1,033,343
-
Federal
income
and
fe,/■
\
Percival E.
interest
while
recapitalization proceedings are
Securities and Exchange Commission, and while
equitable distribution of voting rights.
Counsel also charges that present directors illegally hold office and
give notice that officers and directors will be held liable for losses
before
directors fail
$110,108
Mar.
Net ry. oper.
the grounds that preferred stockholders received no notice of such
meeting.
They likewise protested the recognition of voting rights of
common
to
February—
Jackson, counsel, representing cer¬
tain preferred stockholders of the company, protested April 8 to W. E.
Wood. Chairman, against the holding of the company's annual meeting
defunct
$1.65
?
$30,266,063 $26,436,274 $86,077,190 $72,110,930
•After
and
$551,897
$1.18
and Federal income and excess profits taxes.
Pro¬
excess
profits taxes in 1942 amounted to $350,-
155,
•
Virginia Public Service Co.-—Protests Holding Annual
Meeting—
Jackson
1941
1942
$397,337
.
______
cor¬
the edible
York—V.
'
W.
share on ac¬
stock,
payable
estimated
Period End.
1422.
p.
April 6.
This compares with 20 cents per share paid on
last, and 10 cents each on Feb. 1 and Aug. 1, 1941.—V. 155,
Irma
per
preferred
31—
share_____
common
Sales.
Comptrolfer—
comptroller
was
Co.,
155,
have
common
$1.75
of
first
Co.—Earnings—
March
charges
for
class A
directors
on
1%
April 15.
40-Cent Dividend—
Vertientes-Camaguey Sugar Co.—25-Cent Dividend—
share
Aug. 1, 1941, to Oct. 31,
r_
per
♦After
was
declared initial quarterly dividends of $1.25
per
preferred stock, 26 cents per share on the class
B preferred stock and $1.75 per share on the class C
preferred stock,
all payable April 15 to holders of record April 1.
the
on
dividend
a
the
on
profit
vision
when
March
Van Sciver Co.—Initial Dividends—
(J. B.)
The
1941,
1,
:
Quarter Ended
♦Net
Gross
share
declared
have
accumulations
to holders of record
Earnings
ingots and castings.
plates, vital to the war effort,
tons rolled off these mills.—V.
Heitman
directors
1
p. 698.
steel
%ates Steel subsidiaries
United Wallpaper Factories, Inc.—New
Gordon
Nov.
on
(F. W.) Woolworth Co.—March Sales—
production
300,000
$3
the period from
covers
368.
p.
of
company
the machining of larger size shells.
United
with
compared
A similar distribution was made
on Feb.
1, last, and in preceding quarters.
Arrearages after' the cur¬
rent payment will amount to $38.50 per share, it is stated.—V.
154,
May
Production—
almost
new
the $6 cumulative preferred stock, payable May 1
April 17.
A similar distribution was made on
on
as
155,
of
count
Benjamin F. Fairless, President, on April 8 announced that the sub¬
companies of the corporation in March established all-time
records in producing nearly 2,000,000 tons of blast furnace products
also
~
Wood, Alexander & James, Ltd.—Accumulated Div.—•
The
war-time
going
a
Dividend—
dividend of $1.50 per share on account
a
steel pro¬
meet
that
1224.
record
of
last,
2,
The current dividend
sidiary
and
holders
1941.—V.
in
effort, the announcement added.
war
acquisitions
to
being
are
embrace,
and
rapidly
similar payment was made on
14, May 15, June 25, Aug. 15,
A
18, last, and on Feb.
Co., Inc.—Accumulated
&
of
ingot
defense
Feb.
new
respectively.
8,
16 and March
The directors have declared
part,
steel
Government
the Government,
vast
May
Sept. 15, Nov. 15 and Dec. 27, 1941.—V. 155, p.
of
S.
10,000,000-ton
by
April 8 declared two dividends of 10 cents each on
payable April 15 and May 15 to holders of record
on
stock,
and
be
expansion
additional
year
program,
of
Corp.,
10
own
will
the major part of which
various
President
directors
common
April
finishing
in
installation
complete
last
account
facilities
Steel
large Navy
pending
Net
discount,
$2,272,000;
The
expansion
on
Total
Fixed and other
165,486
' 1
for
reserve
the
Among other Army and Navy articles under production at Oil Well
Supply Co. plants are breach and firing mechanisms; tank rings;
ship and airplane castings; diesel-ariven centrifugal pumps; housings
;
$10,952,876
•
effort.
its
has completed Army orders for 1,009,000 anti-aircraft
projectiles 62
days ahead of schedule.
Speeding its production schedules, the com¬
pany will continue the manufacture of these shells as well as numerous
1942—2 Mos.—1941
28,151,187
_______
375
$290,805 'f $291,355
•
Will & Baumer Candle Co., Inc.—Dividends—
Steel
to
materially
Subsidiary Completes Army Orders Ahead of "Schedule
$39,104,063 $27,323,016
revenues
Total expenses
$290,980
interest, dividends and taxes, $99,977; other current and accrued
aid
Net
The utility had been convicted on
eight counts of violating and con¬
spiring to violate the corrupt practices provisions of the Holding Com¬
pany Act.
Mr. Egan had been convicted on one count of conspiring
debt
preferred
charges,
Wilson
adds:
facilities,
and
expense
manufacturing
poration.
$80,000 and its former President. Louis H. Egan,
was
to
U.
new
the
at
A.
Company
Balance
$464,236; earned surplus, $36,919;
ducing facilities in the Pittsburgh, Pa., and Chicago, 111., districts, and
the construction of new iron and steel producing and
finishing facilities
in Utah and California.
In addition, the U. S. Steel
Corp. has numer¬
ous other projects providing substantial additions and
improvements to
reported
/Union Electric Co. of Mo.—Fined $30,000 Limit—
v
States
increase
hearth
open
$8,500,000.
further
22,
Richard
;
United
improvements
will
war
and
entirely
of
cost
recommended
program
Record
:
nation's
additional
undertaken
and
which
steel-making facilities will
to more than one-third, in
expansion
United
regular quarterly dividend of three cents per share
stock, par $1, both payable May 22 to holders of
common
*i
$290,805
,
$152,184
■
liabilities, $24,315;
authorities.
B.
Toburn Gold Mines, Ltd.—Extra Dividend—
the
the
of
additions
plants
alterations
as
announcement
Columbia's
addition
Total
305,790
'
:
$7,529,836.
crued
155,
completed with all possible speed.
These
Gross
for
provide
well
be
Cal.,
steel
will
as
subsidiary
a
announced
estimated
an
amounting
Operating income
Non-operating income.
of
which
capacity
facilities,
will
funds
Co.,
31
Torrance,
nace
$9,494,022
7,177,868
162,631
Net
expenses
$1,113,045 $10,170,097
and
production
program,
1942—8 Mos.—1941
961,271
revenue
1939
$596,770
$317,670
-
Liabilities—Funded
Steel Corp.- -Columbia Steel Cq. Plants
Steel
March
on
Pittsburgh
Third Avenue Railway System—Earnings-
1940
$607,992
yy.317,186
to Increase Production—
$932,851
1318.
p.
•:
______
deductions
stock,
States
'
1941
$317,670
income
unamortized
department to handle sales of
marketsi it was announced
a
.v
r
328,226
income
348:
United
(& Subs.)—Sales—
of—
- '
—
$645,897
Consolidated
American
associated with
years
s
Aj>sets—Property, plant and equipment, $6,658,367;. miscellaneous in¬
vestments, $1; cash in banks and on hand, $163,255; accounts receiv¬
able, $89,530; materials and supplies, $84,101; prepayments, $1,156;
19^1.
in
Month
*
income
This
1128.
p.
!■
•:*/,>iV'.,// / ''
■
revenues
the
on
26,
$6,005,000
/ 5,304,000
•
$4,1?4,000 $14,943,000 $11,309,000
,
5
■-
•
expenses
Net
by L. C. Boos, head of the export division.
John D. Clarke, as director of sales for U. S. Rubber Export Co.,
Ltd., will direct activities with August W. Kops as rayon sales man¬
ager.
Mr. Kops is President of the Textiles Salesmen Association and
for
6,895,000
$5,576,000
v
Gross
Corp.—$1 Dividend—
immediately
the Central and
has been
$8,048,000
1,943,000
Non-operating income-_____.
in¬
^
$2,181,000
1128.
■
$2.21
paid
share
'X 1942—3 Mos.—1941
2,450,000
Years Ended Dec. 31—
$1.35
1
'
• cents "per
Cou—March Sales—"
1942—Month—1941
$376,259
share
$i9,739,089
759.
p.
sales
155, p.
Operating
$94,331
value,
par
per
were
pic.—Pays Smaller Div.—
404.
April
no
$2
16,770
"
cars
$22,26S,767
$3,128,000
Operating
p.
on
stock,
with
$6,933,849
Wichita Water Co.—Earnings—
$229,734
and
16,406
^^v-i y,
quarterly- •disthbutibns- 'df25
154,
sales
Combined
—V.
$0.21
income
$7i527,39fe
sales
Madi¬
285
United States Rubber Co.—Adds New Department—
The
of
its
1942—6 Mos.—1941
States Radium
company
common
compares
authorized the company to assume obligation
recently
kwh.,
7,984,240
Total
United
liability in respect of $450,000 of Houston & Texas Central RR., Lam¬
,
etc.—V.
terest,
and
ICC
Federal
of
,,^
Western Auto Supply
shrs.
170,000
;
'17,254
total
a
'
regular
>
made.—V.
Wholesale
outstanding
Texas & New Orleans RR.—Assumption of Bonds—
,
of
1942—3 Mos.—1941
28—
1942
6,093
10,672/
on April 1 paid 1 dividend of 12'/8 cents per share
stock, no par value, to holders of record March 26.
common
Retail
common
shr.
$878,837
required under the Revenue Act of 1941.—V.
amount
increase
an
$36,283
Feb.
28,
Apr. 5,'41
5,763
11,491
16,762
March
Period End. Mar. 31—
102,399,700
Specialties Co.—Earnings-
♦Net profit
Earnings
per
$1,254,515
$1,195,727
$128,932
applicable to pref. stocks for the period..
Balance
year,
against
as
4
corporation announces the removal of
Ave., New York, N. Y.—V. 155, p. 928.
now
interest
Other
last
1421.
p.
5,875
10.887
1128.
p.
Pteviously,
United Paperboard Co., Inc.—Moves Offices—
period End.
Interest
week
same
Mar. 7,'42
corporation
the
$2,960,302
1,618
revenues.
the
kwh.,
110,383,940
to
The
son
Net
in
amounted
'
/
Apr. 4,'42
Co.—Weekly Output—
U G I system companies for the week
the same week last year are as follows:
figures for
ended
Weinberger Drug Stores,
The
on
the
for
output
the
1942
7.8'/ .—V. 155,
or
150,337
and
April 4,
t&xes*
tFederal income taxes
,
■//■.<ji•;
electric
The
ended
week
:
—V.
r,
United Gas Improvement
1942—Month—1941;
<
•
—$907,050
Operating expenses, exv';. .•
eluding direct taxes—
•
368,065
Operating
-
connections_______'_
Sales
Trust
,
Co.—Earnings—
•
—1—
the
were
Texas Electric Service
Co.—Carloadings—
/ Pefiod
is also a director of American Felt
Co., Daniel Green Co., Mitchell &
Inc.,
Almy
&
President
and
Chemical
Fund,
Boston
Dewey
to
_
from
&
is
Anderson
Mr.
and
Co.,
X
this
Pkynteht$'"bh.
Walgreen Co.—March Sales—
Frederic
and
seven
Trustee
a
Boston
of 1941.—V. 154, p. 663.
;v>
to
of Amoskeag Co., a director of Boston
Maine RR., Maine Central RR., Springfield
Co. and Suncook Mills.
is
Dumaine
Edison
Street
.The
five
Dumaine,
Mr.
Texamerica
from
directors
Jr., and O. Kelley Anderson, both of Boston, Mass., were
elected directors to fill the vacancies created by such increase.
:;;' v
-
of
number
the
increase
C.
;
stock,
April 6 the by-laws were amended
meeting of the directors on
a
recordair:
'of,
loacjed.r-y., 155,, tp.,,J422. v
.United.Corp.—New-Director—...v,
.
'
gan
Dec.
Total
250.
154, p.
For
George .R.. Hanks, President, on April 6 announced the promotion
J. A. Krugler from General Sale's' Manager to Vice-President in
;
$4.50^,/cumulative/preferred--
folloWi(:' March ' 3i; $l,25;> Juhe 30,v $1.37 Vi;-31, $1.25 @&cft.XiAi'reftrages. alt*Dec. 31, 1941,
$3.87& per share;—V. 154,-p. 583. •• -XTX'
as
amount
the;
on
locally
Received
value common
par
viously,
—V.
j
and
to
•
Week Ended—
Loaded
Taylor-Wharton Iron & Steel Co.—Promotions—
,
30
holders
to
were
Wabash RR.
Co.—25-Cent Dividend—
Union Wire Rope
1.
the new stock would be paid July
on
*
>
above.—V. 155, p. 1420.
be
a
accumulations
par value,
in
1.941
and
See International Minerals & Chemical Corp.,
of
issue
*
;<;Unioh\Potash7& Chemical Co.~Merger Consummate^
on
/;:;//• first dividend of $1
account
on
and
dividend
This will
y
X'-The > tympany-on/Marc^
March 31 paid a dividend of 50 cents per share on
par $25, to holders of record March 23.
Payments
follows: March 31, July 1 and Sept. 30, 50 cents each,
stock,
common
•and
if the plan is put into effect there will be an interim
the old preferred from Feb. 1 to April 1 of $1 a share.
paid in cash.
The preferred stockholders approved the proposal on March 4.
The
•
Vulcan Corp.—AccumulatedDividend—
.
The company on-
the
The plan also provides for reduction of the par value of the common stock from $100 to $5 a share, thus creating a substantial capital
surplus after the issuance of the additional $760,000 or new preferred.
To avoid fractional shares there will be a payment in cash for such
'.
/■//■:•
f
..
"
present
"
Monday, April 13, 1942
"
.Torringrton Mfgr. Co^Pays 50»Cent Dividend—
/
preferred
-X
& FINANCIAL CHRONICLE
THE COMMERCIAL
1520
the
to effect
through inaction
on
their part.—>V. 155, p.* 928. Zrr
;
t
To Pay
The
no
A
directors on
and
similar distribution
April
24,
,
April 8 declared a dividend of $1 per share
value capital stock,
par
20.
$1 Dividend—
F.
of
on
the
made on April 30, 1941, April 25, 1940,
1939.
McDonald
.
payable April 30 to holders of record April
was
Jr., President, said
government business, on
company's volume "for the fiscal year
than triple that of the current period
E.
amount
,
./■.
:
V::'/v~
that in view of the substantial
the books and anticipated, the
beginning May 1 may be more
—V. 154, p. 1732.
@FedFRASER