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Reg. U. S. Pat. Office
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71 ■ 7
7 i .$i
New York, N. V., Mtonday, April 15, 1946
Number 4481
Volume 163
PJ^^777
-',lfr
i-* .!■»:.:■
,;
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77717 77777
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vV^Of
,m-'
-.
RAILROAD
.'.^i
.
s^
PUBLIC UTILITY
-
•
outstanding
of
common
will
shares
by
be
by
'
:
.,..
Net sales...
.
$37,929,521'
—
17,450,921
10,605,487
products sold (ipcl. shipping exps. & branch rents)
administrative, and general
Cost of
Selling,
1945
of
con¬
said.
the
outstanding $7, $6 and $5 preferred stocks were
offered
rights to exchange their stock on a share-fop-share -basis
for the new 4.20% preferred stock. ' In addition, holders of the $7
preferred received $10 in cash for each share and holders of all three
cl.asses of the old stock received cash dividend adjustments.
7
•Merrill
^
a'meeting on April 17," the exchange.'Will" be
the announcement
Holders
.
.
CONSOLIDATED INCOME STATEMENT YEAR ENDED DEC. 31,
stockholders at
summated,
pnly, on the basis of two for one, and will not affect the
.capital or surplus of corporation inasmuch as no amount will be
transferred from surplus account to the capital account in con¬
nection therewith.
",
'.
f p-i-'U--,'■
Lynch,
obtained
Pierce,
acceptances
Fenner
of
Of
the
old
Beane
preferred
1
shares will
and
dealer-manager
was
exchange.
'
All
&
be. redeemed
.
on
.
1946,
18,
May
the basis of $115 per share for the $7 preferred stock and $105 per
share for the $6 and $5 preferred stocks,, plus
apcrued dividends in
on
Operating
$9,873,114 ,.'
profit.
'
235,126
Income
Other
'.Total income
;:
Cost of retirement plan
Taxes on inc.
and
poss.
of
reiund
possible shrinkage in
contingencies. -—'-—
each
case.—V.
In
and equip-
»
$1;
good .will,: $i;
branch
total,
2G38
Chicago Stock Exchange—
—2038
Cincinnati Stock Exchange—————2039
Detroit
income" and
possible refund
of
Transfer books for the 7% cumulative preferred shares, the 6%
cumulative preferred shares and the common shares closed at the
termination cif business oft April 13. * - ■
•
f
It Is expected that the plan :of reorganization will become effective
on or about
April 15.—V. 163, p. 645. * "
.
''0- "Mr"r.
*
-f--
''
p.
Adam Hat Stores, Inc.—March Sales Off 3.9%—/
Period End, M&fch $ W
,
Sales'
,
1946—Month—1945
V. 163, p.
*
1946—3 Mos.—1945
$1,548,803 ; $1,401,606
—
$4,13.6,333
$3,007,481
1431.
Alabama Power Co.—Earnings—
"
^
12MonthsEndedTeb. 2'8—
~
"
Gross revenue v.™;
Wating expenses'
Proyisibft' for depreciation
/I
!—-r_
Ajncrt. of pl$n't acquisition adjustmentsGeneral taxes
i
1945 "
■ 1946
$32,420,099 $32,102,856
12,354,154, 13,104,751
—
3,470,587
* of debt "di'scfc.,
|Gtner deductions
prem.
2,8,64,373
1
64,281
"
.
I
'Net.incpme
//*
on preferred stock
Jividends
.balance
$M18,689
1,228,556
$2,814,492
l-npi/op. to special property
.$6,016,812
2,268,986
933,334
—
^
$3,421,147
reserve
■
SfT-.T——
'
<
V7V
2,268,986
J———2046
Markets
Over-the-Counter
Transactions: New York Stock: Exchange— -2028
Exchange—2028
'
«
y
:
»
I
K
...
,
.
J
J
V
,
.
.
Miscellaneous Features
Auction
Investment News-1997
-
'
/.'
Establish®# 1922
80 BROAD STREET
Telephone
^
HAnover 2-2600
;
NEW
Bell Teletype:
"
Stockholder?-—
646.
-'7^77
—7>^7 .' '
Amerada
directors
action
(It
is
placed
The
April
were
(
expected
30
grPMp
t
;
■
decided
-
1
that
after' the
r "
.
proposed
split
record
quarterly.*—V. 159,
p.-
Apiil
of-
15.
1057 7 '
*
7;'77v£7y77
f:.
Airlines,
Inc.—Stock
,
.
the new stock will be
.7 7
per share,
payable
The previous payments
^77777: ; _
: 7 7
$1
'p77•
.
;77'777'7.7";i
pfferpd Pbblicjy April H
pf
211,00a sharpy of^
T5iis- offering constitutes
Offered—Emanuel,
;
^s^k7{$&?|)ar)7at5 $99? ^ sharfe)
|' rie^isterpdi" gecpndary^ ^ Tbe;;
are issued and outstanding and are
b^ing offered by the company. They are being sold;
shares bjeing offered
which; owns , beneficially 262,538
approximately 20.3% of American Airlines,:
Xhc., common outstanding, in order to comply with an
order of the Civil Aeronautics Board directing that on
by' ' Aviatioii Corpi
t
snares# or
Aireon Mfg. jCp,—Large Juke
.It, is ftuftouftWd ihat "the corporaf.ipft'$
placed orders.amountipg to nearly
Box Orders—
$3p,.Q90#9 for
are now
six established companies in the juke box field,
mfjot/compqnles'npw tp tbg industry:
Thq first of its electronic' phonographs came off the
assemWy lines
during
vvir^
and tnree
or: before
iluly 31#- 1946) it redpce its dipldings t
'
exceeding-4% of the total, voting stock of; the company
outstanding. •
^777 777:
.
company s
the middle part of February.-t Y. 3-63, P.
1149.-
NEW
YORK
STOCKS, INC.
7
'
,
,
^
diversified
industrials
;
investment fend
*»
Kob]be, Gearhart ^ Company
Lvic.';st
Vi-'
>.
v.H
f;. tr7'7>;
•77.7
!/.-7 V-
^
\7'v•• "7
PROSPECTUS ON REQUEST
HUGH W; LONG end COMPANY
•
NY 1-573
;■ ■
to recommend to stockholders,
May 6, a 2-for-l split of the
7777
7i
?
annual dividend basis. * Talso declared "a dividend
stockholders of
to
75" cents
American
—
4
meeting on
stock.
•
.;J> p-
capital
on a $2
directors
t
April
annual
on
th.e
at
corporation's
'';' ;
■
Corp.—Plans to Split Capital Stock 2-for-l—
raids
N. *>.'
.
stock
fi
"
'
'
The
Sales—
electronics
'
'
Gulf# 'Mobilb'ife GhlO BH7 below.-^V. 163r p., 1717. •
V7-';- ••■'•■•:--«• v:7- ^7^-7
:'::777■"*
Aluminum Co. of America
Exchange Offer
for
MUNICIPAL DEPARTMENT
''
;
'
Increases Dividend— ;
Federoi Debt Limit at Feb. 28J-.-2057
March
Civil
Engineering Construction
v
Figures
——2057
Municipal Bond*
■
'
P.
Redemption Calls & Sinking Fund Notices-2047
Dividends Declared and Payable—
2051
The Course of Bank Clearings„r—
.2048
Foreign Exchange Rates
—2050
Federal Reserve Banks-——2054
Condition Statement of Member Banks of
Federal Rfeserve System--——2051
FLORIDA & NEW JERSEY
■
of preferred stock will be used to redeem •
preferred capital stock and for other \
sale
.
—2028
Stock and Bond Averages——-——
^SPECIALIST IN
qAllen & Compan y
•
7.
-
.
92,680
69,249
•
.
—2045
Toronto Stock Exchange
—2041
Toronto Stock Exchange—Curb Section—2044
—
2,947,463
92,680
<
'
outstanding through the issuance of previously author¬
ized common stock, in order that-the eventual refunding of. the pre-j
ferred stock may be more readily accomplished.
All shares of pre¬
ferred.. stock accepted for exchange will be retired and not reissued.
"The company reserves the right to limit the total amount of pre-,;
ferred stock to be exchanged durihg this period to 450,000 shares of ,
the total outstanding shares, i There are at present 1.192,366 shares
of preferred stock outstanding.
Tn the event the limitation of the ?
amouftt of preferred stock to be exchanged becomes effective, it shall •
be
applied pro-rata on all preferred stock presented for exchange. >
If less than 200,000 shares of preferred stock should be presented for »'
exchange, the company reserves the right to rescind the exchange offer ?
in its.,entirety.-7' ;
.-.rv - . ;777./j 777. - ... ■
.
.
lIt waa also announced by the company that it has no present intention to undertake to refund or redeem the entire issue of preferred
stock during the year 1946,- although it does reserve the right to"
extend the exchange offer for a period or periods not exceeding 20
days in the aggregate.— 7 *
777 '.'7 *
'
7: :
.;
The exchange agent is the Union Trust Co. of Pittsburgh.—V. 163,. r
$9,038,147 $10,028,083
and expehse__
company will have outstock and 99;000 shares
preferred
Bee
hot
Gross income
i
interest on long-term
^debt__^^_-____T—-
$2.50
7
'The purpose of the offer is to reduce the number of shares of pre- 7.
2,540,528
4,198,818
the
financing,
of
Alton RR.—Bondholders to be Polled—
ferred
3,008,029
and excess profits taxes
Ln?
3,373,520
341,362.
—
| -Federal income
.
——
Exchange
Montreal Curb
General Corporation and
893;
-
•
'The-: company- has announce# that lb will exchange seven shares of ;
itb' common-stock-fob eiaCh^ five diUstaridihk ^shaibs bf7^
lative preferred stock, the offer to expire at-noon on April 20, 1946. 7
—2041 r
2044
Stock Exchange-.—.
Montreal stock Exchange
i ....... •
Harris-Seybold-Potter Co. below.—V. 163,
the
•
issue of 1,000 shares of 6%
purposes.^-V. 163, p. 1557.
!
"■
Acme Steel Co.—To Expand Businesssee
Exchange—
from
the
•
an
Stock
Transactions New York Curb
Abitibi Power & Paper Co., Ltd.—Books Closed—
•
..
Angeles
St Lopis
.
war'contract
.
7
.
*
,
v
of
shares
stock.
Made tp Preferred
Exchange.———_2040
Los Angeles Stock Exchange for April 15—2047
Philadelphia Stock Exchange.—
-2041
Pittsburgh Stock Exchange
:
_2041'
Los
'
profits — estimated
$5,734,197;reserve for contingencies, $1,150,000; 4% preferred stock ■
^<par $100), $3,000,000; common stock (894,958 shares no par),.$15r152,445; phid-in surplus, $37,500; earned surplus, $7,865,363; total,
936,906,281.—V. 163, p. 1853.
v
"
Stock
12,000
common
:
-—2039
—2040
Exchange—
Stock
Cleveland
rsubsidiaries, $323,936; accounts payable and accrued ex¬
penses, $2,831,431; due to trustees of employees' saving fund, $781,409;
Dividends payable on A.'M cumulative preferred stock,. $30,0,00; taxeson
Stock Exchange-
1
,Proceeds
2017
2029",:
2033
2038 7
(Stocks)
■
$36,906,281.
1557.
p.
completion
standing
of
Boston Stock Exchange
(lneludih$i&^^
.
and
163,
fUpon
Quotations
Exchange
Stock
York
Baltimore
$3,888,504; marketable securities, including U. S.
Covernment bonds of $6,009,680—at cost (quoted market $5,714,779),
95,663,091;- trade notes and accounts receivable (net),
$5,337,797;
Claims under terminated war contracts, $331,959; inventories, $13,573,398; alcohol tax drawback dUe from U. S. Government, $455,508; other
atsets, $1,022,462; property, plant, and equipment (after reserves for
■depreciation of $2,540,044), $5,867,345; supplies and prepaid expenses, '
9585,944; cost of investment in subsidiary applicable to intangibles,
$180,174; trade-marks and formulae, ' $t»; deferred research and de¬
LIABILITIES—Due banks
share.
a
eluding Hawley, Shepard & Co. and Maynard H. Murch ;
"
ASSETS—Cash,
'
concession to dealers of $2.50
a
(par. $1) at $15.50 a share was made April 11 by a group
of underwriters headed by Uayden, Miller & Co., and in-
New York Stock Exchange (Bonds)New York Curb Exchange
;
CONSOLIDATED BALANCE SHEET DEC. 31, 1945
velopment expense,
;
greater diversification in Solvay American's investments.
—V.
Page
$7,865,363
the ypar amounted to $569,457.
7i
-
V
-
h$ue
Stock and Bond
New
v
This
120,000
1,869,908
NOTE—Provision fpr the depreciation of property, plant,
ap» *
cumulative
.
7,"
& Co.'
$9,855,271:
'Balance surplus at Dec. 31, 1945_i._____-_.
and
•
r
-
v
.
6,698,476 J
.
surplus
dividends paid on cumulative preferred stock
Dividends paid on common stock—
$20)
(par
1853.
These shares represent' 10% of the holdings of Solvay
American Corp. in Allied Chemical & Dye Corp. common '
stock.' The sale was made with a view to achieving,
$3,156,795
"Total
City- of New* York' has: been
siock
common
See V. 163, p.
AllianceWare, Inc.—Preferred and Common Offered—
Offering of 12,000 shares of $2.50 preferred stock at
par {$50) a share and 25,000 shares of common stock 4
350,000
profit"*
—;
Earned surplus Jan. 1, 1945
went for
"
163, p. 1557.
share, with
per
>
-•—
the
Fperes Sc Co. and Harrim^n Kipley & Co,, InC.^ at $2011
6,013,646
profits—est—
investments and
war contr.
foreign
fjhm
>"
fi7
Allied Chemical & Dye C.orp.—Secondary Offering—;
A secondary distribution oi 50,000 shares of common?
stock was made April 6 by a group headed by Lazard;
203,626't
for
.'other
'Chtisq Natlbnai" Bank of the
pointed registrar for
preferred (par $100).
7"" ' '
' ' "7
$10,108,240
384,173
($264,711) & other employee benefits
Miscellaneous deductions
Prov.
MISCELLANEOUS S3
-
.
,
split-up
',
SyfV=?^-|A.
Alexander Smith $ Sons Carpet Co.—Registrar—
The
company announces that more than 300,000 shares of its out¬
standing preferred'stock have been exchanged for the new 4.20%
preferred stock and the exchange offer has expired.
Upon approval
of
way
'
Exchange Offer Expires—Old Preferred Shares to be
"The
s
J change
INSURANCE
Redeemed—
York Stock Exchange has authorised the listing of 849,958
additional c^wmon shares (no par) on official notice of issuance
niirsuant to a split-up on the basis of two shares for one making
the total number of such common shares applied for 1,699,916.
The New
1-The
INDUSTRIAL7
-
i
' 'V'-i^":
La^or^tQriies—I.istmg of Common ^har^s—
; Abbotjt
■'j-
>>
.Msmperg New £otk Security
I. .5 "i" 41 ^
Telephone
REcter 2-3600
;
Dealert Association *
71:
YMIadeiphia
,
Enterprise 6015
,nCorporATED
48 WALL STREET
NEW YORK 5
634 $0. SPRING ST.
7 J»/.£•■;
LOS ANGELES *»
.
Monday, April
11, 1934, Jn Deiaware,
by air of
^6,*/m
and mail.
Company operates an 5ir
7 938 certificated route miles and is authorized
cities in 21 states, the District of Columbia and Canada.
the company operates international service from
San Antonio
El Paso, Texas to Monterrey and
erty
to serve b»
matelv
Jn addition,
Dallas-Fort Worth,
aid
Mexico,
over
europe*
Mexico^in
_v!3J.ele
Its
of route.
approximately 1,539 miles
subsidiary, American Overseas
of nine round-trip flights per
...... ----.
afntPS and
Airlines, Inc., has a , presenI schedu
week between the United States
operating record
'
"
i-
•'
;
'
:
3 Mos.
Dec.
.
&'<•••'.'
■■■
1945
>/ 95.3%
w."
■.
572,021,805 572,094,112
364,908
89.2%
o-io 741
435,9 ,
788,990
934,379
90.2%
929,902
89.9%
11,166,384
5,245,847
8,145,462
4,882,115
•
-—
1.37,908
with U, S.
assengeis
inaugurated an
include miles flown under war contracts
Government.
tDoes not include duplication of revenue
between routes on or after Jan. 1, 1942.
JCompany
not
Title of Class—
DEC.
Authorized
\
Outstanding
1,290,567 shs.
UNDERWRITERS—The names
the
number
of
shares
of
.agreed to purchase are as
'
V
of the principal underwriters and
stock which each has severally
common
follows:
NO. Of
'NO.
-
Shares
Shares
.
Emanuel, Deetjen & Co
Brothers——
Adamex Securities Corp.—
?Allen 6c Co.———
A. C. Allyn and Co. Inc.—
Ames, Emerich & Co., Inc.
Auchincloss, Parker & Red-
3 Lehman
Bache
&
Whipple & Co
3; Baker, Weeks & Harden—
•Beam, Stearns & Co.——
A. G. Becker & Co. Inc.—
Blair 6c Co., Inc.
William Blair & Co
—
Carl
500
11,400
Gordon Meeks & Co.
*
Newhard, Cook & Co—Pacific Co. of California—,
500
1,000
Pacific Northwest Co.——_
1,400
1,400
Paine, Webber,
Jackson &
Curtis
(Inc.)
1,400
Clark & Co.——-—
1,000
1,000
Piper, Jaffray 6c
1,400
1,000
R. W. Pressprich &-
Courts
&
—
Co.
Cruttenden & Co—
500
■
*>i »■ •
Hopwood
2,200
1,000
500
Prescott 6e Co.-.——
Putnam
6c
1,400
Co.—
Co.—
500
—,
Reinholdt 6c Gardner
'500
Reynolds 6c Cti.—i—Riter 6c Co
E. H. Rollins & Sons Inc.—
Wm. C. Roney & Co.-
1,000
1,400
2,200
L. F. Rothschild & Co.—
Schoellkopf, Hutton 6c
Pomeroy, Inc.
Schroder Rockefeller 6c Co.,
1,400
Colony Corp.———
Michigan Corp
Folger, Nolan Inc.^——.
Glore, Forgan & CO——
Goldman, Sachs 6c Co
—
,Goodbody 6c Co.—
.Graham, Parsons & Co.—
Granbery, Marache & Lord
a: Hallgarten & Co
Harriman
Ripley
&
Co.,
■
m
■'
larris, Hall 8c Co. (Inc.)—
^layden, Miller & Co.—
Hayden, Stone & Co
Hemphill, Noyes & Co..
500
inc. —
1,400
Schwabacher & Co.2,200 * Shields & Co.'-^L-^—
4,300 • I. M. Simon & Co.—
4,300
Singer, Deane 6c Scribner-
1,000
1,400
2,200
4 Carlton M. Higbie Corp.—
2,200
'
Dempsey-Tegeler & Co.
Ddminick & Dominick——
FranciS I. du Pont 6c Co—
Eastman, Dillon & Co——
Equitable Securities Corp.
Bstabrook 6c Co
Clement A. Evans
Inc.
500
2,200
1,000
4,300
2,200
2,200
Co.,
6c
—————
The First Boston Corp
First
First of
1,400
4,300
smith, Barney 6c Co
500
Stein
Johnston, Lemon 6c Co.—
Josephthal & Co
Kalman & Co., Inc.
—
Kebbon, McCormick 6c Co.
Kidder, Peabody & Co
Kirchofer & Anold, Inc.—
Kuhn, Loeb & Co
Laird, Bissell & Meeds..—
-
Bros.
1,000
500
1,400
1,000
1,000
& Boyce
Brothers & Co
1,400
Stifel, Nicolaus & Co., Inc.
1,400
2,200
2,200
Stix 6c Co.—
500
Stone 6c Webster Securities
1.
Corp.
—
4,300
1,000
1,000
...
Straus & Blosser
500
Sutro 6c Co.
500
B W. E. Hutton & Co.—
1,000
4,300
Co
Stern
Hirsch 6c Co.
—
500
Co.
&
4,300
B. HiUiard 6c Son—
Hornblower & Weeks
;
Staats
R.
Wm.
Starkweather
Taussig, Day & Co., Inc.—
500
4,300
1,400
Tucker,
2,200
500
1,000
1,000
1,400
Spencer Trask & Co
Van Alstyne, Noel 6c Co.—
G. H. Walker & Co.—
Anthony 6c
Co.—
Union Securities Corp
4,300
1,400
2,200
1,000
—
1,000
4,300
Watling, Lerchen 6c Co.—.
Westheimer
1,000
and
500
Co.
4,400
White, Weld & Co...
—
Winslow, Douglas & McEvoy
1,000
Dean Witter 6c Co
——
4,300
1,000
1,400
'
*
amendment
Powers,
would
vest
board
of
directors with
designations,
preferences and relative,
other special rights, and the
participating, optional, conversion or
qualifications, limitations or restrictions
thereof,
in
respect .to
the
that are not provided for in the certificate of iucor-
poration
addition,
presently
the
such
authorized
amendment
common
would
provide for splitting
stock five-for-one, so that each
up
the
stock-
-A SooVo sUes mapa?r0ri2ed 66aI* 01 COmmon sto<,1£
The
proposed amendment would further
tip of the 100,000 presently- authorized, buM
&Iiares
01
<
pioyees
stock (par $5) into 500,000 shares
(par $1)
convertible
heretofore three years after issuance
into common ?cVnAV°nertibie
stock on a
'
1021.
163, P.
$
•
...
.
1.946,
10,198,368
3,084,969
revenues.:——————
Maintenance
Other ."taxes
709,999
-
——
1,168,660
1,376,895
Depreciation ———
Federal income taxes—
t*Fed. excess profits tax
903,096
—
income
.r:?.."
to
Prior
($2 par)-
amendment
T
,
UNDERWRITERS—The names of the underwriters and the number
of shares of common stock to be purchased by each are as follows:
2,398,647
600,589
38,060,848
6,928,448
26,224,948
7,217,425
Watling, Lerchen & Co
Paul
35,154
190,258
281,118
36,387
income
stocks-,-
281,118
First
"387,390
1,773,799
3,584,222
11,219,654
3,373,422
1,287,322
14,919,292
11,486,945
of
Inc.
A.
301,719
Divs.
10,000
10,000
Co
Piper,
6,500
1,550,544
3,432,346
*
.
of
products
sold
Interest
985,603
8,173
61,879
-1,111,653
8,173
3,838
11,486,945
98,076
740,804
52,095
11,662,095
341,709
expense
Miscellaneous
747,296
36,532
■
-
—
deductions
misc.
Balance
*In
10,648,531
.57,909?
Internal Revenue Code,
the
Net profit
dividends paid
—V. 163, p. 1854.
-
—
and
surtax
their tax returns,
amortizing In
$1,354,103
250,000
126,000
—
—_;
672
246,310
621,975
$485,818
322,470
$486,032
322,470
—
"3,202
815,464
;
$346,056
-
396,673
322,470
655,836
NOTEr-For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position
some of the
over
$1,550,336
248,840
$722,056
—
7,591,433
1,689,209
77.
.
1,855,595
—
accordance with
21,692
140,767
for
been
12,127,571
29,666
deducts.
stock
1,054,945
1,339,520
85,897,.
stock—
earned
common
14,031,311
1,037,733
140,767
15,483,947
1,007,852
659,313
1,689,209
2,109,472
83,441
——-—7—
pfd.
5,038
$9,346,082
Profit before taxes———7
Normal income tax
14,338,176
306,865
1,361,212
Federal income taxes
on
15,810,267
326,320
2,136,932
27,460
—
and
1943
$9,341,045
$7,692,230 $11,355,840
6,536,798
9,334,792
360,958
352,207
100,000
75,000
7,253
5,290
880
2,500
—
Charitable contributions
Gen. taxes & exps. (net)
Divs.
EOR CALENDAR YEARS
,
Excess 'profits tax, less credit
Int.
4,000
& Co
.
;
<
Selling, admin, and general exp's.—
Co.
pfd. stocksInt. on bds. and advs.
61,679
Other income ——3,762
Balance
..
5,000
Jaffray 6c Hopwood
E. H. Schneider
6,500
Total
Cost
on
Total
6,000
5,000
1,550,544
3,432,346
301,719
951,665
stks.
on common
6,000
Brothers & Co
7.'
7.
■ "7 /. •
1945.'
1944
Net,,sales after fenegotiatiOh_--i—;!$7,681,604 $11,336,269
Miscellaneous income
————77; 10,626 7
19,571
from subs, consol:
Divs.
&
Stern
.
:—
& E.
G.
&
6,000
Hayden, Miller & Co
Townsend, Dabney & Tyson
Geo. P. B.. Bonbright & Co.
Sherrerd——
t
...-
of
above)
(as
Co
Dickson & Co., Inc.-
S.
Co.~
income
net
subs,
.
INCOME STATEMENT
11,662,095
951,665
—
American G. & E.
Undist.
6c
of Shs.
of Shs.
60,000
15,000
10,000
Michigan Corp
Butcher
Undist. r.et income of
subs, consol.
of
13,212-639
980,bl>3
2,063,218
1,111,653
stocks—
Davis
Reynolds
N
stocks
com.
H.
,
Cruttenden & Co
49,473
340,750
1,279,282
4,206
24,940
■
,
Number
Number
-
•
earned for com¬
on
1946,
2,977,407
569,643
debt
funded
pfd.
mon
7,
25,896,179
328,768
acquisition adjusts—
tOther int. & deducts.
Bal.
Feb.
37,761,909
298,939
Amort, of electric plant
Divs.
429,960 shs.
association,
of
authorized capital consisted of 60,000 shares of common stock ($10
par), of which 53,745 shares were outstanding as of Dec. 31, 1945.
At
the time of the amendment,
the stockholders of the company
authorized the issuance of eight shares "of the hew $2 par value
common stock in exchange for each one share of the previously out¬
standing $10 par value common stock, and $322,470 was transierred
from capital surplus and earned surplus accounts to the capital
stock account in connection with such exchange.
2,954,748
Income
on
articles
Outstanding
500,000 shs.
10,853,974 120,835,719 121,343,810
3,380,114
41,275,288
41,384,550
589,821 ; 8,947,134
8,441,293
1,199,651
13,845,224 14,241,325
697,763
9,379,855
8,081,064
1,710,976
Cr868,791
12,795,202
898,907
10,495,097
10,504,196
■;
Divs.
the
to
Authorized
2,376,742
21,905
—
Other income
Gross
t
22,659
Operating
Interest ou
-
follows:
as
.
Subsidiaries consolidated—
Operating
Operation
was
Common stock
$
.?
assemblies.
~
1946—-12 Mos.- -1945
1946—Month- •1945
airplane
different
50
CAPITALIZATION—*The capitalization of the company as of Feb. 12,
American Gas & Electric Co. (& Subs.)—EarningsPeriod End. Feb. 28-
of
Upon the termination of the. war/ the company Commenced to re¬
peacetime operations. This required the rearrange¬
ment of the company's plants, removal of government-owned machinery
•and equipment, reinstallation of
the company's own machines and
equipment/ and the acquisition of some new machinery, equipment
and
tools, all of which were carried through as expeditiously as
possible. The cancellation of the company's war production contracts
and the expense and delay caused by plant clearance and reconversion
to peacetime work resulted in operating
losses which lessened the
company's profits for the year 1945. Reconversion to normal peacetime
operations has now been completed.
}
' .
,
V
was
convert to normal
for 50-caliber
cases
1942
company
wards
,
sub¬
five-year pe¬
as
pOSStble*
riods, amounts aggregating $22,130,668, representing the cost of certain
facilities which were certified
the war effort.
by the War Department as necessary in
American
The subsidiaries had not been recording this amortiza¬
tion on their books, but,
in addition to normal depreciation on these
facilities, tjbey had been reserving amounts of net income equal to the
estimated tax reductions. In Dec.} 1945/ the subsidiaries; having elected
to terminate the amortization periods as of Sept. 30, 1945, accelerated
the
amortization
in
reserved
with
the
were
materially
1945
were filed for taxes
as
unamortized
a
Federal
result of
debt
amounts
the
increased
and
of
claims
net
for
profits
excess
allowable
discount
and
dehf
,
tax have been reduced by
from taxable income for
deductions
an
corporation is
(The) American Sugar Refining
163, p. 1558.
Calendar Years—•
ican, Home
The
directors
a
-
of
•Costs
distribution up to 8,918 shares of Amer¬
valued at almost $1,000,000 based on present
involve
Products,
Home
and
Profit
Interest
Products
'
.It %s understood the Burnett company will call a special meeting
on
or
^
oY.
are ex
1274>
(&
Suhs.)-An-
7
77*7"■ 1945
//.
expenses
from
174,084,458
167,058,378
revenue——
operations
and dividends
on
—
———
•
investments, etc—
7,026,080
338,841
+1944
201,609,35
191,621^
9,987.826
294,70a
#
approved resolutions on Feb. 28,
to conduct negotiations for acquisition of all the issued and out¬
standing stock or all the assets, property, business and goodwill
of the Burnett company.
The latter has 21,422 shares of common
capital stock outstanding, besides 280 shares in the treasury.
Its
; net profit for
Federal income/
of stockholders
goffer..
,
Net sales and miscellaneous
Boston, Mass., maker of Burnett's vanilla, according to
application statement filed with the New York Stock Exchange.
market prices.
1
negotiating for the acquisition of Joseph Eur*
of
The negotiations
,
American Propeller Corp.—Sale of Plantsee Martin-Parry Corp. below.—V. 160, p. 1074.
expense
nual Report—
Co.
President of m
Sleeper Corp,, announced on April 8.
•'
new ships are being built in Alameda, California, and
pected to be in service in the early fall of this year.—V. 162, PThe
American Home Products Corp.—Proposed Acquisition
This
Arnot,
Arnot
and redemption premium on
funded debt retired.
A portion of the unamortized debt discount and
expense and
redemption premium equal to the amount of the tax
nett
Vessels—
the "S. S. Presi¬
and "S.S. President Cleveland," of the American Presi
Lines'; -drill be the fifst'vessels to ( provide "push-button sleep
ing facilities for all passengers, Nathaniel D.
income
7
reduction has been included in income deductions.—V.
President Lines, Ltd.—New
The first cruise ships to be built since Pearl Harbor,
dent Wilson"
refunds
paid in prior years.
tThe amounts of
$933,558
that
result
before
April
16
for ratification of Home Prod-
,
's
,
Another subsidiary organized to develop and manufacture steel
ammunition has previously terminated its affairs.
days.;
—V.
practically all of the normal peacetime business of
discontinued when the manufacture of automobiles
and trucks, except for military use, was halted:
During 1942 the
company converted its facilities to the production of essential military
products and during the war received and accepted orders for up¬
in
Early
the
Total income ——————7———.
Provision for U. s. and Cuban income taxes
(no excess profits tax)
.
7,364,921
Net profit for the
Common dividends
4,539,921
Dividends
.
•
•
:;:" ■;"
.
on
per common
♦Includes
API
•
?v" -::
year——
———
.
,
2,825,000
899,998
10,282,531
4,380,000
5,902,531
1,349.997
3,!37,043
preferred,stqck-^
,
3,114,993
6S6.11
share__7$3.17
an<i
1945
provisions for -;7UvprvClaUvII of $2,070,000 in
depreciation OI J|)fl,wiw>UwU *
nn/i
p*vVioluiia
iwl
1
nVOVi$2,029,523 m 1944.M tRestated.
§After $512,950 pension fund P
sion, earnings per share amounted to $5 per share.
•/?
Earnings
as
convertible
ei\are-
for-share basis.
War Contracts—
,
.
proposed
,
'contractor, sub-contractor and Government agencies,
Although scores of special military products were manufactured by
the company much of the volume consisted of containers made on
regular factory lines, thus simplifying this phase of reconversion to
postwar operations.
.
.
' ■Final settlements of the contracts performed by the company's
wartime subsidiaries, one of which manufactured torpedoes and an¬
other made ammunition containers, are also expected in the next 90
sidiaries had
CONTEMPLATED NEW FINANCING-r-Company has given notice to
stockholders that at the annual meeting of stockholders, to be held on
April 17, 1946, at which holders of record on March 27, 1946,. may
<<vote, it is proposed, among: other things, .to consider and vote upon
an
amendment to the certificate of incorporation providing-for the
^ eiimihatloU'©fi the ipresent class ofi preferned stock and the creation, of
a
new class
of preferred stock of 600,000 shares ($100 par), which
shall differ from the existing class of preferred stock in that the
following provisions would be eliminated; (1) the restriction upon the
^ issuance of preferred stock which is
based upon the ratio of past
income to dividend requirements; (2) the provision for the election of
two or more directors by the holders of preferred stock if the company
is in default with respect to four quarterly dividends; (3) the restric¬
tion limiting the payment of dividends on common and employees'
stock, and the purchase, redemption or re-acquisition of outstanding
common
stock to earned surplus accumulated subsequent to Jan. 1,
1943; (4) the provision requiring the approval of the holders of at
; least two-thirds of the preferred shares outstanding to any increase
in the authorized number of shares of preferred stock. '
The
production prior to the war, none were manufactured on a commercial
production basis until during the war, when they were made for use
on
Army ordnance trucks.
Prior to the war, torque tubes were
delivered to the company's; customers in an unfinished condition
As a result of experience acquired during the war period, the companv
is now in a position, with new machinery and equipment which have
been acquired, to perform all machining operations and to sell torque
tubes to its customers as finished products.
R.
500
"
jr. J.
1,400
1940 the company started to manufacture a truck axle housing
of welded steel tube; but although this product was ready for
In
made
,.
•Res. of net
Smith, Hague 6c Co.
1,400
1,400
2,200
•
~
500
BUSINESS—Company was incorporated in Michigan
axle tubes, torque tubes, tubular seat frames and parts, rear frame
members,, rear license plate brackets, hood link and bracket
assemblies, hood top supports, running board reinforcements head
lamp bracket and fender assemblies,
rear lamp: brackets,' engine
supports, beadjafnp ball rings/stabilizer brackets, brake shafts grease
retainer supports, bumper impact bars, and axle housings.
'
manufactures undertaken by this com¬
pany from Jan. i, 1942, to Dec. 31, 1945, all but 80 contracts in¬
volving less than $500,000 have been successfully terminated, D. W.
Figgis, President, announced on April 5.
Mr. Figgis believed that
books could be closed on the remaining war business by June 30.
Delay in-settling a small proportion of the contracts has been due,
it was said, chiefly to time consumed in coordinating details between
1,000
2,200
1,400
,
of
cross
Co.—Acquisition—
500
4,300
Moore, Leonard 6c Lynch—
F. S. Moseley 6c Co—
Nashville Securities Co.—
cer-
Co.—Stock Offered—Men
April 8 of the offering on
April 2 of 150,000 shares of common stock ($2 par) at
$15 per share by Watling, Lerchen & Co. and associates
The stock is being sold by certain stockholders.
Furthor
details follow:'',; •;.' ■■>'/■
HISTORY AND
$300,000,000 of wartime
Of
.4,300
Mellon Securities Corp
500
Torrey
500
McDonald 6c Co
2,200
&
1,400
Marks & Co.7
Merrill Lynch, Pierce, Fenner 6c Beane
—
Brown & Sons
Byllesby and Co., Inc.
Campbell, McCarty & Co.,
Cohu
4,300
Lyons & Co
Laurence M.
2,200
1,400
1,000
4,300
H. M.
E. W.
1,000
&
———
—
1,400
1,000
1,000
1,400
Alex.
/■ Inc.
Central Republic Co.
Rhoades
Loeb,
M.
Co.
Maxwell, Marshall & Co-
Bacon,
Blyth & Co., Inc.—
J. c. Bradford 6c Co*
2,200
Higginson Corp.———
Lester 6c Co.—
——.
W. L.
77
Co.—
Co.—-—'
6c
Freres
Lee
500
-path
;
Lazard
8,000
1,000
2,200
4,100,
1,000
2,200
4,300
Langley 6c Co.*.—
C.
W.
8,000
of
numi^r
19, >1528. Business is the manufacture and fabrication of ion™!
welded steel tubular parts and tubular and stamped welded assemblies
which are sold to the automotive industry.;; These products includP
company
American Can Co.—Fast Closing
corporation
Co.,
Dec.
-v
...
announced on April 4 that it has contracted to
purchase the progressive Foundry Works, Inc., of, Rochester, N. V. If
the sale
approved by stockholders of Progressive, the new property
will be operated as a division of the American Brake Shoe Co. under
the direction of W. T. Kelly, Jr.
Howard S. Van Billiard, President of
Progressive, will remain as Manager.—V. 163, p. 1558.
The
ft" TEMPORARY FINANCING—Under date of Feb. 28, 1946, the com¬
pany borrowed from certain banks a total of $25,000,000, with interest
thereon at the rate of iy2% per annum, payable 180 days from date
pursuant to promissory notes issued for such purpose.
Said notes are
^unsecured.
Company intends to use the proceeds of said borrowings
'As part payment for purchases of equipment and additional facilities,
for which ' commitments have been or are about to be made.
The
banks to which these notes were issued have agreed with the company
fthat at its Option, upon the maturity thereof and the cancellation
and surrender of the notes they will accept renewal notes at the
same rate in the same amount for an additional period of 180 days.
■>:
American Brake Shoe
None
100,000
Employees* stock (par $5)
'
^
v
••
Burnett
Joseph
of
American Metal Products
Ib3,
appointed Secretary,—V.
has been
who
subject to the assumption by the
concern,
liabilities
tion was made in our issue of
converted into common stock.
'> •<*.1
•
Un™!?
(the only class of stock outstanding) of Joseph
making the total
shares of stock applied for 1,169,269.—V. 163, p, 14X4.
on
Jacobs,
W.
replace C.
1854. ■-
p.
Preferred stock "(par $l'00)u»—200,000..
7 Common stock (par $5)
2,400,000 shs.
hoi
a
going
tain
Vice-President and General Manager of AOA,
the board of directors.
T. C. Dnnkwater,
American Airlines, also was elected a director to
of
of
(Mass.), or; (b) the exchange, assignment; conveyance nnn 7
livery to the corporation of all of the property and assets of wit
Burnett Co. as an entirety including its goodwill and business
as
Overseas Airlines.
American
Harris,
Sewall
Mr.
Vice-President
31, H945
FUNDED DEBT,
AND
CAPITALIZATION
R.
Harold
authorized the listlna
Co.
Overseas
President of
elected
York Stock Exchange has
stock
common
the War Department, Sumner Sewall, President
Airlines and former Governor of Maine, has
been released to take over an undisclosed assignment.
C. R. Smitn,
Chairman of American Airlines, Inc., the parent compafty, has been
American
orp"
Listing of Additional Stock—
The New
additional shares of stock (par $1) upon official notice of issnqn,
connection with either (a) the acquisition of all of the outstann
request of
the
At
subsidiary
a
New President of Unit—-
•
replaced
15, 1944.
freight service on Oct.
sixth
As to requirements for equipment referred to, present commitments
and certain contemplated purchases in respect to which, contracts have
hot yet been entered into amount to approximately $96,000,000, of
which approximately $46,000,000 must be met by Dec. 31, 1946.
To
the extent; that the aforesaid financing does not meet present? com¬
mitments or contemplated purchases, the company will employ casn
available from operations or from appropriate additional financing as
may later be
required.
Further large expenditures will be required
for additional flying equipment and for ground equipment, hangars
and offices.
There is- no intention to issue any common stock in
connection with the
present financing program except insofar as
convertible preferred stock may be
transaction is consummated, the company wlif
division of American Home Foods, Inc., which last vS01?c the
operating company of American Home Products r ^ame
the
If
contemplates the sale by the company
and convertible preferred stock in tne
program
debentures
of
aggregate amount of approximately $80,000,000. The- relative amounts
(,y
wc
m.ocu
MJ.
~~ determined by the board ;
to be raised by each type qf security will l>e d
of directors with reference to market conditions and other considera¬
........
tions
immediately prior to the proposed offerings. -It is expected
that the proceeds of such financing will be applied toward commit¬
ments and contemplated .purchases and for other corporate purposes.
of
ono-
.
1,379,124
•
•Does
during; 1946
88.2%
10,662,556
4,084,976
2,663,467
Ton
860,748
4 Ton miles of air freight_
carried
566,587
*
26,397,687
95.2%
34,581,949
93.9%
miles 229,197,506
passengers
-load factor—
miles of mail carrd.
miles of exp. carrd.
tRev.
Passenger
Ton
{
--Calendar Years1944
1943
1945
34,661,659
93.2%
% scneauiea miles nuwu
:% scheduled mues flown
Revenue passenger
31,
13,326,505
flown—
•Revenue miles
'J Mos. End.
Sept. 30, '
End.
financing
The
rp
BUSINESS—Company was organized April
and has been engaged in the transportation
IS. 1946
;:
-
_
,
VWi
;tM0S
.;'
''^'T
•
'.»
"
'
1
'
-
■:
'
1
'
THE COMMERCIAL & FINANCIAL CHRONICLE ''
,
Number 4481
163
Volume
1999
—
and completed>. the program of such company for the refinancing of
consolidated balance sheet, dec. 31
1945
$
10,851,158
Government securities
s
II
—_—
marketable securities
Accounts and notes receivable, less reserve—_
Other
Inventories
•*->•———
used in operations—
to colonos, growing cane, etc..,.
estate not
Real
Advances
pension fund
0Fixed assets f
——*—«»•»#»•<»■*»•
charges
Deferred
^—
21,951,737
1,235,871
7,250,403
11,433,793
—
senior
securities which
of its 4%%
COMPARATIVE
.
charges.
INCOME
,
ACCOUNT
(COMPANY
1945
Earnings from West Penn Elec. Co. and subs.:
Interest
—.»
Dividends
From
145,134
1,670,295
156,379
1,628,523
payable
Dividends
Reserve
for
Pension
fund
—
contingencies
war
reserve.——
insurance and contingencies
cumulative preferred stock ($100 par value)
Common stock ($106 par value)
Earned surplus
Sundry reserves for
7%
—
.
V .,i\
■;
Hearing
The
——
—
Dividends
1,132,789
int.
and
longer owned
Other
from
income
subs,
"
no
liquidation
in
...
»After deducting
>■
'
*
»■
m
■
.
■.
Total
25,883
$3,439,339
$3,064,573
703,032
587,383
624,750
73,227
66,411
.
17,090
630,000
102,337
66,411
16,777
debentures
on
;
*
interest-
Amortization of debt discount and expense
deductions-—.-
Miscellaneous
Net
income
Dividends
$1,954;828
1,199,208
—
—
6%
on
preferred stock
BALANCE
$1,661,664
1,199,208
.
(formerly known as Monongahela West Penn Public Service Co.),
the refinancing of its 4V2V0 bonds, 6% debentures and 7%
preferred stock;
•
COMPARATIVE
Development of plans, which were consummated in the early part
of 1946, for refinancing the outstanding 6% and 7%
preferred stocks
of the company's subsidiary. The Potomac Edison Co.; and the
Operating
Railway
Bus
Other
Total
of
June
30,
1945.
the
operating
remaining
Maintenance
Esperanza
Taxes,
the
Prov.
agricultural properties of James Mills Orchards Corp. and
Land Corp. were sold, thus completing the disposition of
properties acquired at the time of the reorganization
in
1914.
Certain oil and gas rights were retained, however, for a
limited period.
Approximately $600,000 was realized upon such sale.
There was also a net profit from operations during the year which,
as
in previous years is not reflected in the consolidated statements.
Proceeds from the sale of the propel ties, together with net profits
from operations,
were paid
to the company in liquidation of; open
accouiu advances. L.
The company on Aug. 1, 1945, sold its investments in Cuba Water Co.
for approximately $1,900,OOP to Cuban
interests.
This former sub¬
sidiary was the only operating property of the system located outside
of
California
the United
Operating
Federal
~
Interest
expense
Portion
from
Net
indebtedness and
a
a
Monongahela
6%
gross
"•Restated.
the
bonds
$103.50
per
or
dividends
in
notes
were
The Commercial and* Financial
William Dana Seibert, President
offices: 135 S. La Salle--St., Ohlt-o-
232,341
?
value
of
A
$5,521,036
$2,816,936
2,704,100
Electric
$6,521,268
1,199,208
$5,521,036
1,199,208
DEC.
31,
sidiiar^es,. &18&859; .^ccpupjs . receivable (nqtl, ,$5,597,4?9; operating
construction materials and' supplies and appliance merchandise; at
or less.
$4,226,061; prepaid insurance, taxes, etc., $285,012; pre¬
paid royalties on coal properties, $356,444; unamortized debt discount,
premium
(net)
and expense,
$6,105,128; unamortized commission,
redemption premium and expense on capital stock, $313,088; other
deferred charges, $456,612; total, $450,171,880.
subsidiaries, $174,350,000; pre¬
$92,489,750; premium on preferred
of
of subsidiaries, $555,639; notes payable to banks, due
Dec. 28, 1947, $10,000,000; notes payable to banks (current), $160,000;
accounts payable to non-consolidated subsidiaries, $224,503;
accounts
payable to others, including payrolls of $562,035, $3,529,781; taxes
accrued,
including Federal taxes on income, $11,599,483;
interest
accrued, $1,629,685; preferred dividends accrued, $172,492; dividends
declared on preferred stocks, $1,179,583; customers' deposits, $1,323,548;
long-term debt of subsidiaries due in 1946, $416,000; other current and
accrued liabilities, $326,191; undetermined liability for Federal taxes
on
income, $4,442,029; customers' advances for construction, $1,187,837; deferred credits, $326,663; reserves for depreciation, retirements
and depletion, $64,042,823; reserve for property account adjustments,
$2,630,092; reserve for claims and other purposes,. $716,170; contribu¬
tions in aid of construction, $2,114,179; minority interests in common
stocks and surplus of subsidiaries, $2,094,016; first preferred stock
stocks
(199 868 shares, no
entire
par), $19,986,800; common stock (2,243,105 shares,
Associated
Gas
Electric
and
Co.
and
Associated
Gas
and
Corp., which became effective Jan. 1, holders of these bends
to receive, in exchange for each $100 in
principal amount
principal amount of the new debentures and cash aggregating
a
listed
shares
5.90
tice
to
not
yet
in
first
bentures
convertible into General Puolic Utilities com¬
York Stock Exchange, at the rate of
are
the New
on
each
$100 principal amount of debentures.
In a no¬
the 8%
gold bonds, urging that those who have
deposit their securities promptly with the exchange
Bank Farmers Trust Co., New York, Mr. Porter points
done
that
after
for
holders
City
agent,
out
.v
debentures
stock,
mon
1945
and
of
The
of
so
order
to
exchange
may
exercise
their
be called
at
at
decreasing rates.
demption date,—V. 163.
the
bonds
105
conversion
for
on
or
The right
p.
306.
the
privilege,
GPU
before
to convert
April
10
A.
holders
these
debentures.
Jan.
1.
t;.
The
de¬
and there¬
1947,
terminates
on
the
re¬
>
Associated Public tltijities Corp.—Sale
Richard
of
debt
the
entitled
are
plant
LIABILITIES—Long-term
,
$112.48.;A
cost
capital
of
issue of '8% 8-yerif gcd&Tfonds due
1940 has been exchanged for the 4Vi% convertible debentures of Gen¬
Public Utilities Corp., according ;>tq ah announcement by W. R.
Porter, Treasurer of the latter company.
Under tha pla'ri of reorgani¬
$2,643,330
3,877,938
the
ferred canital stocks of subsidiaries,
"
-
eral
equity of such subsidiaries at their respective dates of
as
subsequently adjusted, $23,824,956;
investments in
Community Water Service Co., a non-consolidated subsidiary, including those pledged by a subsidiary to secure a bank loan,
$1,592,377: investments in and advances to associated and other nonconsolidated subsidiary companies, and miscellaneous investments, less
reserves, $2,390,327; loans to superannuated employees secured by life
insurance policies, $170,970; cash in banks and on hand, $16,512,240;
U. S. Government securities, at cost, $16,421,063; tax refunds receiv¬
able from U. S. Government, $3,290,747; special deposits with trustees
and others, $987,001; accounts receivable from non-consolidated. sub-
'
■
of Bonds Ex¬
•
than
More
must
SHEET,
286,970 Shs.
,
Electric Corp.—75%
changed—
lying book
acquisition,
securities
.
and
serial
Associated Gas &
Such reductions will not be available in
BALANCE
Outstanding
sv
s:--:- i--.i''r
shs. offered are sold, the^net
and inventions and for general corporate
purposes.
and equipment, $367,453,567;
excess of
investments of the company and of its sub¬
sidiaries in securities of their respective subsidiaries over the under¬
Power
share for the preferred stock, plus
each case.
issued to banking institutions in New
York and Pittsburgh and the additional common stock wa» issued and
sold to The
WeiSt Penn Electric Co., a parent company. •.
This recapitalization of Monimgahela Power Co. has simplified and
improved its capital structure and has effected gross reductions of
$700,000 in its annual interest charges and $114,806 in its annual
preferred stock dividend requirements.
In the latter
part of the year, a plan was developed for the re¬
financing of the outstanding preferred stocks of Potomac Edison Co.,
consisting of $3,460,200 6% preferred stock and $2,918,250 7% pre¬
ferred stock,
through the issue of $6,378,400 3.60% preferred stock.
The plan was-consummated in the
early part of 1946.
The dividend
rate of
3.60%, initial offering price of $101.75 per share, plus accrued
dividends, and underwriting fees were determined after competitive
bidding. The refinancing" plan included an exchange offer, which was
accepted by the holders of approximately 70%- of the old 6% and 7 :Io
Preferred stocks.
The unexchanged shares of old preferred stocks were
called for
redemption.
This
refinancing of Potomac Edison Co. has effected a gross reduc°n
°f
$182,200 in its annual preferred stock dividend requirements
new
surplus—
300,000 shs.
per share
H-.-p ■
of a previous offering it is
presently estimated that approximately
$40,000 will be expended for machinery and equipment. The remainder
of such net proceeds will be available for the
development of patents
tEquivalent to 61 cents per share for 1945 and 69 cents
ASSETS—-Property,
carrying
was
debentures and
The
earned
.
CONSOLIDATED
short-term securities of the Federal
$7,29^;550'of 7%. pr«ferred stock
.
The new/bonds and-;preferred,stock were sold tounderwritefs, after
competitive bidding, at prices of 101.459% for the bonds and $101.03
per share for the preferred stock, and were subsequently offered to
the public by the underwriters at an initial offering price of 102.50%
for
to
by the Federal Government.
reduction 6f $525,000 in
1
accrued interest
transferred
financing
present
PURPOSE—Assuming that all of the
proceeds to be received, will be approximately $240,000 before deducting
the expenses of this offering.
Of such net proceeds and the proceeds
share for 1944 on the common stock after preferred dividends.
tReduction in Federal taxes on income due to amortization, on a
shortened basis, of certain facilities under Necessity Certificates issued
Co. (formerly Monongahela
recapitalized under a plan which
$22,000,000 3% first mortgage bonds,
$9,000,000 4.40 % preferred stock, $4,000,000 2 % 10-year serial notes,
and 82,500 additional shares of common stock of such company and
the retirement of $22,000,00 of 4%% first mortgage bonds, $7,500,000
year,
f.
per
v
the
income
stock, par value $1
$6,521,268
adjustment..
effect to
■
331,073
251,178
adjustment
net reduction of $4,500,000
aggregating $3,438,000 at the end of 1945, as compared
$5,782,400 at the close of the previous year.
Penn Public Service Co.)
included the issue ana sale of
Common
5,267,468
404,473
giving
Authorized
held,
Net
Government
During
capitalization
'
special tax
Preferred dividends
charges.
Despite the application by the company during the year of treasury
funds to reduce its indebtedness by the amount of $4,500",000 and to
pay premiums of $950,000 upon the redemption of its debentures, the
West
5,242,574
.
—
income before
'
.
zation
tTax
its annual interest
with
income
tNet
I
work.
the future.
during 1945 effected
and
subsidiaries
,
•
BUSINESS—Corporation has its principal office at 150 Broadway,
Y„ and leases laboratory-equipment and a shop covering approxi¬
3,000 square feet of floor area at 60 Dey Street, New York.
The corporation intends to
continue and expand the business arid
activities of the partnership
which included:
(1)
Development and
research services, (2) inventions and licenses, and (3) precision model
1,247,000
of
' i
and
mately
1,076,215
2,949,539
sale
dividends
Transfer
N.
resulting
....
lower annual rate of interest.
resources
such
reduction
tax
York.
New
corporation also acquired from Robert S. Wallach all his right,
interest in and to United States Patent Application No.
502,599—"Visible Line Electric Typewriter and Visible Line Compos¬
ing Machine" in exchange for the issuance and delivery by the corporation of 17,500 fully paid, non-assessable shares of the
capital stocjt.
Cr34,805
1,034,842
1,613,900
premium and exp. chgd. off
on sale of transportation prop¬
to
of
Manufacturers Trust Co., New York.
The
title
and
MisqellaneQus ;deductions.r.^
S,
,V
' '
THE COMPANY—£t the beginning of the year,
the company had bahk loaris outstanding in the amount of $3,500,000.
Such loans were reduced by $1,000,000 on July 24,
1945, at which
time the balance of $2,500,000 was renewed at a 2% interest rate.
In the latter part of 1945, the company retired and redeemed all of
its then outstanding indebtedness, consisting of the $2,500,000 bank
loans mentioned above,
$8,000,000 of G%- debentures and $3,000,000
of 5 %
debentures, out of treasury funds and the proceeds of $10,000,000 two-year unsecured bank loans bearing interest at the rate
of
1%:%
per annum.
The new bank loans are renewable by the
company, subject to any requisite approval of the SEC, for an addi¬
tional
three-year period at increased interest rates and may be
prepaid by the company in whole or in part at any time without
premium unless so paid out of the proceeds of other borrowings made
had cash
Cr300,898
(net)
Minority interests—————
REFINANCING* BY
company
loss
of
erties—equivalent
Preferred
construction
premium
discount,
...
Debt discount,
of gasoline rationing, their gross operating revenues in
having been $5,930,300 compared with $5,633,284 in 1944.
It is
that the existing large demand for traveling facilities by the
puolic, coupled with the limited supply of new private automobiles,
will result in a sustained high yolunie of
lousiness in . the immediate
company's
debt
.A
$1,274,923
,8951 V. 162, p. 2266.
'
_<
to
charged
of
$1,224,898
ORGANIZATIQN-Corporation is a corporation formed by Robert S.
and Irving D, Wallach on Feb. 1, 1946, In New York.
The
corporation acquired the business and assets (excluding cash and ac¬
counts receivable) of Associated Engineering & Research Companies, a
partnership consisting of Robert S. Wallach and Irving D. Wallach, in
exchange for the issuance of and delivery by the corporation of
180,000 shares of fully paid, non-assessable capital stock
of the
corporation to Robert S. Wallach and. Irving D. Wallach. The business?'
and assets so acquired
by the corporation consisted principally of
fixtures, patent applications, inventions and license agreements, all of
which had a value, in the judgment of the board of
directors, of at
least $180,000.
\
$22,146,476. $24,593,958
7,379,139
8,004,092
Amort,
1946—2 MOS.—1945
$776,158'
Wallach
Crl,613,900 Cr4,146,214
income
Interest
1946—Month—1945
t.
Registrar; .Continental Bank & Trust Co.,
agent,
$29,403,251 $30,469,191v
9,739,712
10,753,251
est
and from
!
Associated Development & Research Corp,—Common.
Stock Offerfed^mith; BaMdy & Coi are-offering 89,000
shares of common stock (par $1) at $3 per share.
$21,277,439 $23,862,154
869;038 *
731,804
Gross
1945
the
income
on
•
$734,533
—V. 163i: p.
"*1944
income.—
Non-operating income
States.
These transactions
—
income
taxes
Reduction resulting from refinancings
sale of ti asportation properties.
believed
in
account adjustments
Operating
termination
a
retirements and depletion
aeprec.,
of property
Amort,
TRANSPORTATION PROPERTIES—All of the electric railway and
bus transportation properties of Monongahela Power Co. were sold in
December, 1944.
The remaining transportation properties continue to
operate at a high level in spite of the ending of the wUr and the
at
other than Federal taxes on income
for
,
and
company
atliliates
$78,453,601 $77,702,235
28,976,562
27,669,693
6,066,299
5,895,245
6,549,065
6,533,952
6,468,030
6,517,787
990,394
616,367
revenues
Operating expenses
last
stockholders
Period End. Mar. 31—
$54,677,538 $52,571,635
16,571,455
16,641,782
1,181,616
1,104,916
1,737,111
2,909,486
4,193,219
4,394,124
92,661
80,292
Gas
such subsidiaries.
PROPERTIES—As
revenues—Electric
,
of the
Sales" of
ACCOUNT
1945
Water
completion of the reclassification of the accounts of
the
company's electric subsidiaries in order to give effect to the
"original cost"
requirements of the uniform systems of accounts
prescribed by Federal and State commissions having jurisdiction over
Substantial
OF
CONSOLIDATED INCOME
Calendar Years—
•
-
Angerman Co.; Inc.—March Sales Off 5.3%—
f
Co.
including
>i 1
American's
to
the corporation and John A. Morris, Vice-President and Treasurer.
The company's annual report showed a net
profit of $76,931 for
last ye»r, compared with $U3,734 in 1944.—V. 161, p. 1194
<lOf,
ixyt.
payable to banks, due Dec. 28, 1947, $10,000,000; accounts payable to subsidiary companies, $44,086; accounts
payable to others, $108,756; taxes accrued, including Federal taxes on
income, $173,941; interest accrued, $1,458; dividend declared on pre¬
ferred stock, $299,802; other current liabilities, $24,028; undetermined
liability for Federal taxes on income, $121,867; deferred credit, $1,811;
$6 first preferred stock (199,868 shares, no par), $19,986,800; common
stock (2,343,158 shares, no par), $23,431,580; capital surplus, $562,889;
earned surplus of American Water Works and Electric Co.,
Inc. (of
Virginia), predecessor, $1,969,101; earned surplus of American Water'
Works and Electric Co., Inc., $6,133,314; total, $62,859,434.
debentures, out of treasury funds and the proceeds
of new unsecured bank loans bearing interest at the rate of 1 3/*% per
annum;
•
;''
~ '
*
Sale by the company of
its remaining agricultural properties in
California and of its interest in the Cuba Water Co., the only foreign
subsidiary of the company;
Recapitalization of the company's subsidiary, Monongahela Power
amendments
^William C. Scott has been elected Vice-President and Secretary of
LIABILITIES—Notes
6#
seek
to
,
voted
at
their
annual meeting
to change the
company to the Henry Hudson Hotel Corp.
The change,
announced, does not necessitate that present stockholders exchange their certificates.
ASSETS—Security and notes of subsidiary companies, $53,486,613;
account advances to subsidiary ^companies,
$4,189,500; other
security investments, $462; cash in banks and on hand, $3,347,988;
Ui Si Government securities, at cost, $90,000; tax refund receivable
from U. S. Government, $95,903; accounts receivable from subsidiary
companies, $450,549; accrued Interest and dividends receivable from
subsidiary companies, $95,157; other current assets, $102,008; un¬
amortized debt discount and expense, $1,000,000; other deferred charges,
$1,255; total, $62,859,434.
Refinaiicing of the company's indebtedness, consisting of bank loans
planned
1855,
was
open
past year was an eventful one with regard to matters directly
with the business, affairs and future of the company's
system. They include the following:
Development of plans, which were filed with the SEC on Feb. 21,
1943, designed to further-the conformance of the company's holding
company system with ■ the requirements of Section 11 of the Public
Utility Holding Company Act of 1935;
they
American Woman's Realty Co., Inc.—Name Changed—
The
name
SHEET, DEC. 31, 1945 (COMPANY ONLY)
»
)
'
adjourned April 9 until
One plan calls for liqui¬
the other for segregation of its various bpsi-
company,
Co., said
plans.—V. 163, p.
"■Reclassified for purposes of comparison,
■
The
DISPOSITION
the
i V
*
*;
Commission
and Morris Forer, representing common and pre¬
stockholders,' respectively, of a subsidiary, ^Community Water
ferred
;
it
concerned
and
expenses
Other
American Water Works & Electrici Co.~Annual Re-
5%
earnings
Interest
port—The report for the year 1945 affords the following:
and
of
Exchange
two plans of company.
on
activities.
James E, Riely
126,726,326 131,191,142
depreciation and amortization reserves of $52,168.1944.—V. 161, p. 1534.
and
ness
237,465
income
Total
in 1945 and $50,435,570 in
0
031
dation
/
,
108,046
30,307
or
Plan Adjourned—
on
Securities
May 14, hearings
Service
6,183,990
4,337,267
1,613,542
2,175,057
3,374,077
3,374,077
3,118,762
3,036,884
7,664,390
7,664,390
45,000,000 45,000,000
45,000,000' 45,000,000 '
13,330,865
12,805,935
■
Total
$383
subsidiaries:
Interest
64,943,560
3,763,532
2,999,429
1,529,975
945,296
output of the electric properties of this company for\the
ending April 6, 1946 totaled 74,981,000 kwh., a decrease of 11.7%
the output of 84,902,000 kwh. for the corresponding week of
1,015,939
operating
liabilities—
including processing taxes—
Reserve for U. S. and Cuban income taxes_^__
Accrued wages, social security taxes, etc
week
under
$3,725
1,481,832
■*.
waterworks
owned
'*1944
.
—
-1——
—
directly
Dividends
Accounts payable,
Electric Power Output—,
ONLY)
Power
Calendar Years—
126,726,326 131,191,142
Total
was commenced in 1944 with the ♦efunding
bonds with 3% bonds, effecting a gross reduction
and 5%
of $314,600 in annual interest
17,574,729
14,270,411
2,635,993
12,389,148
9,925,574
3,755,981
142,798
1,383,275
3,036,884
3,754,724
75,128
2,126,394
3,118,762
63,613,892
1,314,464
investments, at cost or less-
security
its
1944
$
assets-
par), $23,431,050; capital surplus, $1,349,466; earned surplus, in¬
iy,
cluding earned surplus of predecessor company, $29,894,101; total,
$450,171,880..
no
Approved—'
Lumpkin, President, announces that the stockholders oh
by a vote of 65,379 to 300 transfer of all of the
approved
corporation's assets to General'Telephone Corp.
These assets include
two telephone operating companies, Ohio Standard
Telephone Co. and
Ashland.Home Telephone Co.
%
v
■■■>.
,• •
"v
General Telephone Corp. will also acquire the stocks of
three water
properties, one in Jackson, Ohio, one in Frankfort, Ind. and one in
Seymouri, Ind.
' "
■
•
"v.
,
Officials of General ' Telephone
Corp. state that the property of
Ohio Standard Telephone Cor,-serving abdut 25,000
teltBphones through
>.
17»exohangfes ;.im' Qhior can; welli be integrated-with: -those >pf General
Telephone Corp.'s subsidiary,' Ohio Associated Telephone Co., which
now
serves
about 31,000 telephones.
Likewise, the operation of the
Ashland Home Telephone Co.'s property,
serving about 15,000 tele¬
phones through its- Ashland, Ky., exchange and 16 other exchanges
in Kentucky, can well be integrated with those of General
Telephone
Corp.'s Kentucky
subsidiary, Lexington Telephone-Co., which now
series about 22,000-telephones.<*-V. 163, pt 1418.
v "
,
.
.
Atchison Top.ek& iS^ .Santa JFe
Clarerice
has
Ry^Proinotion---
Tucker^'Actinr General"
been
appointed Assistant Vice President
Chicago* effective" Aprilrl. ? ;!
^ >
Earle E. McCarty,
General Manager of the
with
Coast
headquarters
Lines,
who
at
has
been on leave of absence, while serving as director of the
Railway
Transport Department of the Office of Defense Transportation in
Washington, D. C. since last May, returned to duty at Los Angeles,
Calif.;: April li-^V, 163, p; 1855.
•
-
.■/>vV
Atlas Imperial Diesel Engine Co.—Plans to
Offer; New
Preferred ;Stoek and Split-IJp^^ Cprnmpn Shares—;
The
stockholders
previously
will
announced
vote
plan
at
to
the
split
annual
the
meeting
common
Edito^
19 on the
2-for-l and
April
stock
and
Publisher^
-
Issue on
Dana
-
Monday!. Other %
Company. Reentered >
year;-in Dominion of
...
"Me^to'and'cubaTwsO per'yeal-; Great Britain, Continental Europe (except Spain), Asia, Austi^a
Africri',
831.00 per
»
ii
•f n
'?:
■
/
'
'
create
,<
s
THE COMMERCIAL & FINANCIAL CHRONICLE
2000
;
'
■'
'..'
.
' "/
' "tV
'
'
'''
•' ■
:
'v''
'
*nTh?cohlmon
3"/
'
'"
''
'
',
Zv
5
-
$5
shares
value
(
^
Federal income and excess profits taxes
Other
current
i
56,480
310,000
-2,653,000
1,445,382
Contingency reserve
stock. ($10 par value each)
Earned surplus
:
•
•v
J-."-*
31—
Ended Dec.
Years
Net
sales
Cost
1945
_
._
Administrative
■ft
Gross
1/
Other
3,845
Income
132,471
Pro v.
for
additional income taxes on
extraordinary depreciation charges
—3
52,699
Redemption—
annual
and
to
special
Dividends
Earned
i.—
-
$134,506
-
151,!283
$1.72-
paid
share
per
"
—-
———
$1.42-
"
the
have
the
properties.
been
either
-
issue
.
31, 1945
AS OP DECEMBER
.
other .assets,
(net), $894,604;
total, $2,241,126;
$3,979;
.•
aggre¬
payable,' $99,922; accrued local, State, and
taxes-, $21/016;/customers' deposits and credit balances,
accrued .employees withholding taxes, $6,874; Federal income
fr. oper.__
expenses
earns,
.ri.
:
in Ohio—
DeWitt.
,
taxes.. for year 1941, .$10,879; Federal income taxes for year 1945,
$43,100; provision for possible additional income taxes on account of
extraordinary depreciation charges, $52,699; reserve. for contingencies,"
$21,115; reserve for compensation insurance, $4,058; reserve for de¬
Division
2,421,204
v
.
At
,
Baltimore Transit Co. (& Stib.)—Earnings—
/
1946—Month—1945 \*
•:Period End. Feb. 28—
revenues'
—
expenses
Operating
Operating
Taxes,.
—
$1,821,468
1,435,,621
329,671
and
$152,464
7,080
sales
$4,042,568
2,864,422
630,233
2,986,326
716,999
$170,461
$326,550
$339,241
7,145
15,127
-15,059
UA-
Co., Inc.
-
,.
(
_
W.
.
of
D.
Gordon
Vice-President
Jaschob,
Mr.
Dale's
resigned.
Mr.
Rupe,
of
The
Securities
has
.
,
approved
shares
common
mittee.—V.
the
the
to
—
plan
sell
to
'
.
the
v' Gross
the
of
operating
163,
$341,677
$354,301
3,870
70,136
7,741
103,881
Sales
$103,734
$103,598
in
the
_i_„-
—
Barker Brothers
•
"The
stockholders
stock
common
for each
.
Corp.—Split-Up Approved—
April 5 approved a 2-for-l split-up
issuance of two shares of $10 par
on
through
present
no-par
share.—V.
common
163,
of
the
common
1856.
p.
1944
Period End. March 31—
,
Sales
1
—
—V.
163, p.
1946—Month—1945
$3,279,491
-
$3,403,667
$8,019,471
$6,649,701
in
were
$5,713,079
389,440 kilowatts,
Belden Manufacturing
^
.
2
,
off in full.
ten
.
made from time to
•
,
,
shares
;
-The
.
directors
have
time
l
authorized
offered,
of
one
in
the
share
for
sale
increasing
of
both
.
will
i
-"
*
:". INCOME ACCOUNT FOR
'
/Net
<»
sales
—,
Cost of goods
sold, distribution, administrative,
and generalexpenses, and taxes Other than
Federal income and
Profit
■
from, operations
Profit from
/•■•.,
before
other income
I/:/
profits
operations
$1,458,705
236.156
•
„
_
*
•
I
"
.
$1,228,639.
59,740
'
"
for Fed. income and
excess profits taxes,
Aiiil
74o!oo6
S:":, Post-war tax refund..
■
Adjustment- of- provision for
prior years
Provision for
___
II
contingencies——/
[•
A v,,i
>
Ket income to surplus.——1
J7/ ^/Dividends paid
•Based
,
;
*
-
Cr23,659
'
$402,403
9,656,594
$1,605,07T
;
,
216,727
$1,389,349
38,762
$1,428,112
175,930
879,000
67,300
Cr31,85L
93,250
'
$379,083
304.108
■
5
Goods
Other
^
in
.
^
Securities
Post-war
V/,
-s...—
transit
current
Insurance
trade, less
reserve
^
and
_Z"
~~~
"
depositsZZZZZZZZZZZZZZZI
■ --f,,^
tax refunds
$304,424
58,400
801,118
1.536,910
88,993
59,163
154,508
.
37,393
47,386
38,948
1,919,884
257,550
1,856,948
^
equipmen?7neT)Z.~~~~""~~-
5,000
"
,44,714
."
O.
a
Vice-presidP
Tomlin
on
*
2'
who
May
2.
1
tJ
'
Co.—Sells
$16 500 000
a
Co.,
Ltd.,
Montreal
of
Radio
Refunding—
issue
par
The proceeds
$29,000,000 mortgage bonds and
preferred stock, while a bank loan
are to be used to
repay $29,240,000
1969, and $11,850,000 sinking
effect
sales of securities.
new
issues
Brooks
The
to
are
be sold
Brothers^N. Y. City—New
President, etc.—
directors have announced, the election
of
John C. Wood as
President and as a®member of
the board.
Further action of .the board
included the election of Winthrop H.
Brooks as Chairman of the
board and Clarence C
Sheffield, who is
President of Julius Garfinckel &
Cc. of Washington, and Frederick
Atkins, Inc., of New, York, as a director and
Chairman of the executive
,
committee.
Owen Winston continues
as a director and Vice-President,
Spencer Greason continues as
Treasurer, and Henry Simpson as SecreMr.
,
Wood
has
been
director and Vice-President of B. Altman &
Cq. since 1932, and
early in 1942 he went on active duty with the
Army, returning to civil life in
March, 1945 with the rank of Lieut.
a
,
Station
of outstanding
on
a
competitively, probably early in June.
The company also has
outstanding $6,000,000 bonds due 1947, for
which payment provision
already has been made.—V. 163, p. 1722.
1942
Colonel.—Y.
stock.
.1945
-
Unfinished; construction
Other
investments
163,
1722;
p.
postwar refunds
>
,
excess
profits
S.
refunds
ceivable
Accounts
Jan.
and
Materials
excess
profits
taxes,
5,749,890
1,000,000
receivable
(net)__
/_
assets—
current
Other
unadjusted
;
/
(net)
debits.
Total
59,666
.r
3,755,556
61,716,400
for
Interest
Other,
tax
due 1970
Earned
49,563,000
1,702,954
one
that
of
129 340
'
on
bonds
%
surplus
.
154 228
7,5541830
known
..
the
plan, the unified company will issue its common shares
shareholders of both' 'merging companies on a! share
in
plan
exchange
also
preferred shares in the new
present holdings.
.
additional capital will be provided hy
537,000 shares of common stock which
for
their
,
provides
„
that
^approximately
initially offered to stockholders on the basis of approximate!)
for each, five held.
The announcement states that it is expected
the
price
of
the
shares
new
market
price of the common
rights.
■
•
•
•
/ .
the
It
134,616
548,619
43 773 717
-
extensions
the
663,006
108'714
l,226',348'
_
2%%
a
be
sale-of
6.989.837
609 678
liabilities—^
for
the
53,666,000
711687
this
on
to
would be
6 413 733
deposits—
11
common
company
1,324,685
1,234,32$
deposits
of
be
Share basis.
There are 1,697,533 shares on Budd Manufacturing
and 985,258 .shares of BUdd
Wheel common outstanding, which would
make a total of
2,682,791 shares of hew common to be issued by the
merged company. The preferred stockholders of "Budd Manufacturing
would receive a like
amount ■ of similar
1 234 328
liability.,
savings
the
for
-
....
.
accrued
current ^
Under
to
61,716,40a
41,105,947
41,105 947
June
concern
eration."
2,994,054,
,15,751.
244,874
284,15L
1,676,579
< 24,024
The
—
declared
.
stockholders
vote
surviving
216,009,904 214,011,528
LIABILITIES—
Capital stock ($25 par)
Premium on-capital stock
First mortgage
bonds, Series A, 2%%
Accounts payable
Dividend
will
1,000,000.
.
Prepaid accounts
•Unamortized charges
I
below.
company and of the Budd Wheel Co.
proposal to merge the two companies, the
as
The Budd Co., it was announced
on
April 6 by. Edward G. Budd, President
of both companies, Who
said "the unification .has
long been contemplated in the interest of
unified direction, diversification
of products and more efficient op¬
5,023,028
3,300,000-
—
554,151
4,068,651
2,711,248
30,657
320,889
192,884
1,491,373
.16,183
The
.
re¬
supplies.
lor resale.
Co.
(Edward G ) Budd Mfg.
Co.—Proposed Merger to
Followed by New
Financing—
928,028
194$
notes
< 874,364
3,614,664
328,337
taxes
and
Merchandise
Other
of
1,
Edward G. Budd Mfg.
oott'
on hapd
~t
?
Treasury Tax Notes (at cost)
Certif.. 6f Ind'ebt. (at cost)
Treas.
(The) Budd Co.—Proposed
Financing—
,
See
835,421
3,330.855
328,337
—
^
of
1944
$
195,379,3*64 189,948,119.
./
—
is
also proposed that
of unsecured
debentures.
the. total proceeds,
Of
-
the
will
be
shares
merged
at
20%
approximately
the
time
company
will
of
below
the issuance
sell
$30,000,00
•
.
$24,000,000 will be applied 1
the retirement of
$4,006,000 of 2%% notes of Budd Wheel and <
$15,244,000 ten-year 4% r.f.0. loan and a. $5,000,000 bank loan 01
69,107
1,364,021'
38,391,118
140,906
7,388,936
approximately
Budd, Manufacturing. Another $11,000,000 Will be Used for the pm
chase of additional
machinery and equipment needed to expand op
erations, or reimburse the treasury for purchases already made. J company, states that, a substantial portion, of the [machinery »•-;
machinery
.
Total
—
-v.
—
1)62, p. 2514.
Brewster Aeronautical
Dissolution
holders at
The
a
^khnmers" or their
of directors of the
by
the
equipment has already been; ordered and some of it. .has been
The balance will be used for
working capital. Total working cap
of the unified
company, it is estimated by officials, will be ar
$40,000,000.
-
Voted—
voted
by
a
majority
of
stock¬
April 4.
dissenting share
voted
represented
iti favor 6t
'
nt
.The
twp companies Iiaye combined unfilled orders at the
Piesthe
approximately $150,000,000, of which $127,000,000 is on
J
Budd Manufacturing and
$23,000,000 on the books 01
Wheel Co.—V. 163, p. 462. V"
time
books
votes.
,
-
-
was
on
broYies oresent at the
which 417,4i4 were
^aLof 426,856 shares, of
di^olution. There were 4,318
Election
confirmed
216,009,604 214,011,528
Corp.—Dissolution
of this corporation
special meeting held
_
Total
sale
"
—^
1944
$356,298
245,098
•766.263
1,855,574
securities
I—Z—I
assets^
funds
* Property, plant and
charges //
Deferred
Value
par
_
receivable,
tov entories
from
.
Contributions
1945
government
Telephone
company proposes to
100,000 shares of $100
/The
$456,836 I *$319,991
$2.19
^.lS"
$2.11
tax
after
......
Unamortized premium
Depreciation reserve
.
Accounts
<
Gairi
'
Consumers'
ASSETS—
States
November 21,
$5,394,148 •$5,257,303.
4,937,312 i 4,937,312
..
ASSETS—
Employees'
J
BALANCE SHEET, DEC. 31
.
D.
In addition, authorization will be
sought for issuance of additional
mortgage bonds in reimbursement of the
company's treasury' for
current and expected system additions
and improvements.
The total
of mortgage bonds
proposed to be issued for all purposes does not
exceed $34,000,000.
Mr. Paige said that
replacement of junior debt by preferred stock
will improve the
capital structure and should have a beneficial
11,481,624 : 10,372,832
$276,835
>
Operating property & equipment
RnnHfv
Sundfy Vinri/nnorofir>o- ni"A^ai4foo '
hori-opferating properties.—
$1.57
increased shares
outstanding in 1945.
) Cash
United
Net
f2,468,656 shares of $25,00
289,856
•$1.51
oh
$165,894
.$2.07
Capital
Provision
~IIII"~
_
:
9,408,179
depreciation.
-•**222-aaaaar—
I"
-
taxes
11,742,708
$5,103,206 : $5,214,147
4,937,312
4,937,312
tPer share of stock
Postwar
$10,866,974 $11,261,671
Depreciation
..v
|l/ n.:
Income balance
Dividends paid
U.
1944
•
excess
on
1943
Cash in banks and
United States
CALENDAR YEARS 7
1945
+
12,107,234
oper._
Estim.
sales about 20%.
7
Bennett,,
by
Briggs-Weaver
BALANCE SHEET, DECEMBER 31
have a maximum
capacity .to consume approximately
27,000,000"
pounds of copper annually.
This will increase our-maxi-mum
potential
•
to
the
will
v
of
age ousn
committep
general mortgage bonds, 3V2 (f series due
fund 4% debentures due 1969.
-
;
to
1944
.
capital
our
.
additions
Report—
bef. -taxes $17,210,440 $16,956,855
$16,875,772 $15,630,135-
assign,
WEEI.
Columbia
also is held possible.
.
Net income
.
•Excludes
Chicago and
Richmond properties which will eventually cost
approximately $1,-"
150,000. for buildings and equipment.
About $800,000 of the amount
be expended during 1946.
When the additions are completed we
+
;
deductions
Taxes
each
23,753
to
The
■
$46,780,599 $46,336,591 $43,658,256*$40,593,511
19,094,364
18,919,433
17,171,416
15,526,774
3,273,059
3,483,020
2,957,947
2,828,696"
5,480,858
5,381,168
4,^40,930
4,907,943
1,721,878
1,596,115
1,712,191
1,699,963"
Balance for surplus—
during
-
stock in July in the ratio
held—at par value $10—resulted
shares or 98.3(4 of the 24,154 Shares
stock outstanding to $2,653,900.
:
,
Additional loans may be
the current jrear.
The offering of
.
.
Other
joined
Treasurer
h.,ti
meeting of stockholders has been called for
May 7 to
financing program, details of which are revealed in a
the stockholders
by Clifford E. Paige, President.
upon
letter
$5,738,168 $13,876,004 $12,346,620
and 498,540 kilowatts,
1945
revenues
Depreciation
report-for the year 1945 says in ptirt:
<
Net working capital, which is the difference between current assets
and current liabilities, at .Dec, 31, 1945 amounted to
$2,396,397/ an
Increase over. 1944 of $541,952/ This increase resulted from the ^ale
of additional stock, the. transfer of the post-war refund credit to cur-"
rent assets, and earnings added, to earned surplus.
The company borrowed $250,000 against its regular line of bank:
credit to. carry the larger inventory.; That loan has now been paid
Carrol M.
be
to
executive
s
invpa
special
vote
1946—3 Mos.—1945
on
Maintenance
Co.—Annual Report—
The
,
/ /
v
'•
A.M.
Operation
•
of
and
storaeo
.
an
Brooklyn Union Gas Co.—To Vote
A
generating stations in 1945 produced 2,059,483,578
decline of 7% from the war time record of 2,211,-
a
I
.
DeWitt and
organization,
duties
of
Canada.—V. 160, p. 2714.
1944.
at 10:30
Gross
1418.
Mr.
creation
and
h
substantially lower coupon rate
The excess funds will be used
by the company for capitai
additions.
The new issue of first
mortgage bonds was
sold, through W.
C. Pitfield &
CONDENSED SUMMARY OF EARNINGS FOR CALENDAR YEARS
1946—3 Mos.—1945
.
the
purchasing
°'
commercial
automobile
1931.
mortgage bonds at
However, after the return to Standard Time in
September, new records were established in peak, loads.
On Dec. 10,.
1945 at *4:45 P.M. a new Edison
system peak of 420,830 kilowatts :was
established, and sales to other producing companies at the same time-,
pushed the maximum peak to 536,330 kilowatts.
The comparable 1944
peaks
(A. S.) Beck Shoe Corp.—March Sales Off 3.6%—
\
1946—Month—1945
•
company's
kilowatt-hours,
785,078
of
Privately—Company operating over 164,000 tele¬
phones in the Province of British
Columbia, Canada has
just announced that it has refunded
$14,000,000 of first
mortgage bonds by the issuance of
$16,500,000 of first
*1
163, p. 1419.
The
1856.
p.
in
of
■
.
fields
Bonds
about
$206,285
$230,054
the
British
.
but
.
—V.
'
?'
airecUon
been 6hiployed as Assistant Manager of the
Dumas
plant of the American Zinc Co. of Illinois.
'
140,273
*7,741-
a.m
nf
riinL
163, p. 1718.
Boston Edison Co.—Annual
Net income
-V.
$177,606
3,870
51,940
debs
ami
operation
under the
Tomlin has
com¬
,
$159,545
income
New Pres
President
charge
'
the
engaging
announces
Rupe
assume
}
authorized
25,000
executives
six
Dallas
Rupe
posed of himself,
Bond Stores, Inc.—March Sales Show Little Change—
Period End. March 31—
Fixed charges
Int. on ser. A
as
,
'
•
in
Mr.
*
Operating income
Non-operating- income—
"sTsSV'
'v
aizvb.—v. 1g3>
charffP<!
company,
in
:
engaged in
was
banking prior-to
ness
President,
stockholders
unissued,
$4,905,239
capital
Jr.,
this
assistant
"
:
DeWitt
ment.
Sales Higher—To Sell Stock to
—
495668?
B.
C.
also
stockholders'
annual
m*
oi?i5
6,365,544
.
meeting held on April 11, Philip Le
revealed that sales since Feb. 1 were up 13%
the similar period last year and for the first six
days of April
showed a 30% increase over the like period of last April.
over
$3,821,206
*
the
BoUtillier,
1946—2 Mos.—1945
$1,935,753
1,373,690
295,313
&
Best
Executives—
.
19'46—2 mnc
$11,270,783 iq
$2,381,650
amortization
Ltd.—Earns
Dale, Fresident of the firm at the- time of
sale nf
capital stock ,|o the investment..firms, of Dallas Rupe & Son n!i,
Teka^, and Dewar, Robertson &. P^ncpast, San
Antonio
Texas as'
1945 by the Dale family,
remained in that position until
hp
nounced. his resignation effective April 15. • Mr.
Dale also ha<?
as
General Manager.
'.
"
""
acted
ferred maintenance, $8,523; capital stock
.
Revaccord.
Currency]
$2,410,336
——-
active
as
Jack
suggested that the
underwriter of a proposed public offering of the company stock with¬
draw its application for permission £0 sell the Stock in Ohio.
For full details,
see "Chronicle" of April II,
page 1939.—V. 163,p. 1560. "
' '' 1
"
•
' •
•
'
" '
(94,551 shares no par)/$567,306; capital surplus, $718,391; earned surplus, $668,947; total, $2,241,126.—V. 163, p. 187.
>
ein
.
50-year-old machinery and supply house is placed
of Mr. DCWitt..
:
State
S of
Were
./gs such
SUch
terminate
or
3,087,914
the election of
Witih
(
in
Ohio
•
Tnio
.
shareholders later in tfye year..,
The
of
Briggs-Weaver Machinery Go., Dallas, Tex
,
Benguet Consolidated Mining Co.—Sale of Stk. Barred
LIABILITIES—Accounts
$18,296;
.
the
28
-
Social Security
1
riof
nroeeerti*
"nated,
.
BALANCE SHEET
■
cancelled
nv
and
Bureau
1946—Month—1945
$5,498,250
$4,802,854
•Subject to depreciation,
p. 1419. ;
'
;
notes
ASSETS—Cash, $110,948; U. S. securities at cost, $497,500; accounts
receivable (net), $283,517; total "inventories, $450,577; total fixed assets
onee
value
figures
dissolution
settlements-with
of. physical
•Net earnings
By arrangement with the holders of the company's., V/2-year 2•
(due Aug. 1, 1947, ,but callable on or after Feb. 1, 1945, at
100%X the rate of; interest on these, notes was reduced to 2% per
annum, effective Feb. 1, 1945. '
"
At Dec, 31,
1945, the number of stockholders totaled 25,320. the
highest" figure yet recorded.
This is 298 more than a year ago and
4,736 (23%) greater than at Dec. 31, 1939.—V. 163, p. 1856.
_$153?536;
170,192
income
of
liquidating
such
[Expressed in United States
Operating
New Bonds
meeting held on Feb.
additional bonds of an
general
and
create
,
7y,
Net
Gross
on June I, next, 750 shares •
cumulative preferred stock at $105.50 per
162, p. 2387.
;
only permanent' financing in 1945 was the issue of 6,849 shares
capital stock, of a par value of $684,900,. to employees who had>
completed instalment payments on subscriptions under the Employees
Stock Plan. ■
V
-v.
;
possible
account of
i?'/
tax
contracts
)
of
■
of
Period End. Feb. 28—
The
-99,769
43,100
f>$'X6s:—«z~-z
of
99,955
,
.
said
I
By securing the authority at this meeting the company avoids the .
necessity, and consequent expense, of calling a special general meeting,
$353,260
$362,775
—
He
u06n various factors
outcome
war
the stock's
comment on
Brazilian Traction, Light & Power
Co.,
has called for redemption
.
profit---'Z~—
operating
Depreciation..,
.
stockholders.--
;
of' the purposes "for
the company's trust
indehture and mortgage, including, should it appear to be to
_the
company's advantage, the redemption of series B bonds on or after
June 1, 1947.
'
$349,414
13,020
income
All
■
gate principal amount Of $35,000,000 fOr any
which 'additional bonds may be issued under
~
65.799
$349,756
operating profit
(net).
the
to
atnd- sfitles
enue
.
•
-
outstanding, 4.Vi%
At
the
as
,
—
...
stockholders voted
1,789,453
263,997
68,965
expenses
A Total
/:/.
$2,468,663
;
contract
Bell Telephone Co. of Canada—May Issue
1944
$2,750,617
2,104,775
227,122
•
—
sales—,.——
Selling expenses includ. outward freight
its
310,000
2,415,470
1,347,088
.
■
contihgent
-
share a'nd dividends.—V.
\
of
;
coimpany-
The
39,896
y
-$5,383,374
$5,110,865
termination
claims.
fAlt®1*
$1,855,993; 1944, $1,849,065.—V. 162,
——
war
1945,
.
#
Corp.—Earnings-
Atlas Tsck
1
Bell & Howell Co.—Partial
of
distribution
ing to officials.—V. 162, p. 1884.
$101,513^ of
depreciation
for
2387.
—™——
at
declined to
■He
f
1
_/
•Includes
-
,
$337,245
443,362
132,066
85,739
•»
Total
•
J^*t8
—_—1—
Capital
p.
Exchange has authorized. the listing of 98,609
shares of cumulative convertible preferred stock ($100 par),..bearing a
dividend rate of 5% per annum until Aug. J, 1946, and 4 % per annum
thereafter, in substitution, share for
$Ja*£i
^^ ^^1559
5%.cumulative convertible.preferred stock ($100 par).—V. 163, p. 1559.
,
62,586
Advance collec. and customers credit balances.
of Preferred—
New York Stock
The
157,580
124,655
(net).
liabilities
r
.
323,691
/_
accruals
Other
reserve
Atlas Powder Co.—Listing
payable; trade
■
•
•
proceedings/ are James Work Chairma„
board; Preston Lockwood, President: William H.
Harman
■n\of the
Smith, William A. Smith find M. Robert Gallop. *
' Robei't A.
'"Mr. Lockwodd said dissolution would be started
$250,000
Accounts
.
stock would be $2.50 par,
amount, 360,810 shares would be
par
i946
trustees in liquidation
*1"'^
payable, banks
^
issued, replacing •
outstanding, ~
-v,
The purpose of the cumulative preferred
stock is to finance the
recently announced purchase of Modern Can Machinery Co. of Chicago
at a cost of around $1,250,000, to improve and acquire additionaltools for the Oakland diesel engine plant at an estimated
^cost of
$125,000, to improve the Mattoon plant at a cost of $-5,000 and
spend $50,000 for improvements to service branches.—V. 163, p. i278.
<>■
180,405
LIABILITIES—
Notes
authorized and 150,000 shares issued
this
Of
thorized.
v"
Monday, April 15,
*'''
stock $10 par value, of
cumulative preferred
of
which 300,000 shares would be
/-
-
-<'i
class
new
a
,.
of
of
•
adjourned annual meeting on Jan. 23 Was
stockholders. \ These
directors, v/ho will act as
6udd tVhecl Co.—TO Vote
See Edward G. BUdd
on
Merger--
Mfg. C6.—V, 163, p.1419.
Number -4481
163
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
(F) Burkart Manufacturing: Co.—Stock Offered—G.
Walker & Co., on April 4 offered 10,000 shares of
H
stock (par $1) at $50 per share. These secur¬
ities were sold to the principal underwriter by the four
principal officers of the company for resale to the public.
common
HISTORY AND BUSINESS—Company was incorporated as
business
a
manufacturing corporation in Missouri, Oct. 4, 1899, and has
been
engaged in business continuously since incorporation. Company
operates, manufacturing plants in St.
Louis, Mo.; Detroit, Mich.;
Philadelphia,Pa.; and Baltimore, Md.
It also owns and operates
facilities in Cairo, IlL^ intended eventually for development as a
manufacturing plant,' for which it is now being partially equipped,
but which facilites are presently employed for warehousing purposes.
and
the
1942
to
prior
company
in
engaged
was
the
manufacture
of
upholsterv padding prepared from cotton and sisal raw stocks.
Cotton
batting was made from several kinds of cotton waste, such as linters,
picker, and fly.
Sisal padding was made principally of sisal fibre.
Company also manufactured saddle girths for the saddlery industry
and various supplies for the upholstery
and mattress trades.
The
customers of the company consist entirely of other manufacturers to
which it sells various components for the finished products manu¬
factured by them. Its products are not sold at retail. Prior to the
war the company supplied a number of leading automobile manufac¬
turers with upholstery materials, as well as numerous mattress and
furniture makers, the business at that time being, roughly, on a basis
of two for one in favor of the automobile manufacturers.
During the w'ar, the demand for automobile pads was greatly cur¬
and the demand for mattresses and upholstery pads was also
greatly affected by the fact that the manufacturing companies could
not get other necessary supplies.
However, the company continued
to
manufacture merchandise for the furniture and mattress manu¬
tailed,
curtailed basis, and also maunfactured
of
pads for the automotive industry, which were used
military automotive equipment.
facturers,
a
on
the
During
the
war,
pioneered
company
in
the
a
in
the
contracts
of
a
present time the company has returned to the manufacture
original line of upholstery padding and related items.
its
March
stock
siock.
stock
ommon
Common
*
par)
(no
jjiij
$1)
shares
INCOME
None
25,800 shs.
i.pri
(par
Including 3,381
Outstanding
by
STATEMENT
the
company
YEARS
as
ENDED
*
15140,991 si
shs.
treasury stock.
30
1945
(after
sales
Gross
The
Freight, returns and allowances
$3,509,502
82,618
additional
to
share
were
for
each
share
held.
This
additional
stock
was
sold
replenish working capital, funds for improvements, etc.
CONDENSED INCOME STATEMENT,
1945
revenue
1944
'
1943
1942
$3,930,637
$3,648,465
16,957
10,614
12,840
~12~089
Tl~432
$3,958,208
$3,661,326
$3,069,271
1,821,072
1,632,381
$3,405,730
1,454,518
268,908
264,614
262,389
245,171
$3,393,641
property
Other
income
non-oper.
income
Oper. and maint. exps._
Taxes (other than Fed.
income)
for
Federal
Refund
$3,057,839
264,130
Total
outstanding
3~3~8~886
bond
163,
$3,426,884
2,660,585
475,280
475,280
473,357
429
878
to
were the most significant factors
operations.
Though the flow of
P??c^lme pursuits
affecting the year's
freight traffic derived from war
production and from
the export of war
materiel suddenly
ceased, the conversion
needs of Canadian
industry, the relief and
rehabilitation needs of devastated
Europe, and the' re¬
patriation of thousands of Canada's
fighting men pro¬
new sources of
traffic.
Notwithstanding a slight "
decline in gross
earnings, an all-time record volume of
transportation service was achieved
by this^ company
m
1945.
Net earnings from
vided
substantially less owing to increased
partially offset by an improvement in
34,551
$736,084
$766,299
Balance
Gross
Net
Total
delivery,
admin,
Gross
48,334
58,097
121,214
earnings
$2
2?1nyi944Ck amounted to $1,98
The
remarks
of
D'Alton C.
1945
are
given in our issue of
ACCOUNT
$872,729
$1,289,303
selling,
&
gen.
1945
34,727
_
Freight
303,288
Total
Other
income
normal
income
of
Net
profits
exc.
for
220,450
359,578
7,216
16,739
3,876
40,000
reconversion-
7,374,237
$276,002
$294,185
$535,599
17,711
275~220
.
275~220
309,623
1856.
p.
201,080
$94,629
Other
247,026
$62,536
208,501
1945
ASSETS—
investments and deposits
Postwar refund of excess profits tax
Government
Accounts receivable
and
Other
833~350
,—• -
(net)
deferred
charges and suspense
Burlington Mills Corp.—Rights—
share
Contributions -for extensions
the
of
second
new
close
of
business
preferred
April
for
each
share
of
held
common
at
10.
The new second preferred will be convertible into common at $50
per share for the first five years and
at $55 per share thereafter,
taking the preferred at $100 per share.
Any unsubscribed shares will be purchased by
an
underwriting
group headed by Kidder, Peabody &. Co. and will be offered to the
debt—Bonds—
Derial notes—
Other liabilities—
Miscellaneous reserves
Unamortized premium on debt
Preferred stock
(net)
—-
stock
Common
surplus
surplus
Capital
Paid-in
Earned
Bal.
~18~821
Proceeds from
the sale of the second preferred, which will amount
approximately $10,000,000, will be added initially to the company's
general
funds
additions
and
and
will
be
used,
among
other
purposes,
$11,282,000 $11,882,000
540,000
476,051
663,555
369,225
281,523
48,688
29,591
358,726
358,368
151,394
3,475,000
3,475,000
3,608,700
2,914,200
70,499
70,499
131,252
surplus since );April 30, 1939
411,406
and
438,531
loss
tlnterest
Butler Brothers, Chicago—March Sales—
Period End. Mar. 31—
Wholesale sales
Retail sales
Combined
-V.
sales
1946—Month—1945
$11,078,786
1,551,547
behalf of the underwriting group which
offered
129,242 shares ($1 par) common stoct: of the company,
announces
that the offering has been oversubscribed and the books
closed.—V. 163, p. 1857.
Total
and
Net
oper.
non-utility
$597,357
$7,207,449
$6,617,539
288,942
3,648,070
sales
113,886
860,401
802,273
$194,529
$2,698,978
15,240
$2,516,250
20,734
$2,714,218
569,393
$2,536,984
662,595
.
$199,735
(net)_
328
601
$200,063
45,803
prov. for Fed. taxes on
mc.
(incl. exc. profits
$195,130
tax)
48,525
48,800
Net income
52,008
$105,460
OPer.
oper.
$94,597
rev.
non-util.
expenses
Net oper.
$602,346
deducts
NHal
other
1946—Month—1945
revenues—
costs
309,544
756,106
salse
profit on sales
and administrative
profit
Other
on
income
$1,388,719
Gross
Other
"*•
.......
sales
$2,925,726
2,080,715
for Fed. taxes
on
"Income
Federal
—
chargse
income
$1,253,686
.
deduction
Dividends
"Includes
loss
on
-
of Matawan plant in
sale
CONSOLIDATED
BALANCE
$2,709,285
572,115
$2,538,246
685,205
Stock subscription plan
Prepaid expenses
tLand, bldgs., machinery
receivable
53,592
759,315
$107*175 ;; ;'$108*718
$1*377*855
;
595,354
S.
at
and
equipment——
cost
Treasury refunds,
Post-war excess profits
receivable
$1,257,687
L*
.
■
A f --f
Total
...
$789,738
of $75,732.
munications, hotels &
miscellaneous
...
Total
2,133,530
2,888,278
other
1,619,301
1,597,479
866,239
1942
income.. $15,106,957 $12,371,315
$16,270,751 $15,861,034
1945
:
Ocean
and
coastal
Adv. to controlled
prop.,
Deferred payments
collectible
etc
;
loans
advances to settlers-...
Insurance fund investments...
Steamship replacement fund..
Unsold land and other
props,_
deposit
Insurance prem. paid in adv..
;v* * '• *
t ft
bals..
accounts receivable.
$230,167
353.548
349,489
1,294
226,964
35,068
31,479
682,963
70,750
10,362
276.549
938,734,530
99,262,694
40,091,223
203,225,364
5,803,641
16,602,926
1,513,178
11,122,713
47,285,852
46,186,215
15,826,541
18,796.593
25,200,000
229,363
4,963,632
20,790,000
1,005,708
32,298,728
15,486,672
15,756,306
Cash
45,713,753
Total
925,424,414
97,753,968
37,767,236
200,983,930
8,701,194
20,874,776
I,-, n
iauinuwr
$2,289,127
1,811,753
4%
consol.
t Funded
Audited
debenture stock
debt
vouchers
Payrolls
traffic
balances
335,000,000
137,256,921
295,438,229
93,669,000
9,664,647
5,248,725
3,314,585
9,544,012
l.?R%A9i
Unmatured dividends declaredOther current liabilities
—
Maint. of way & renewal res-
10,387,121
33,949,193
47,879,560
19,396,391
47,161,832
2,510,109
15,623,185
25,200,000
5,188,998
5,804,934
281,528,223
3,707,306
11,122,713
335,000,000
137,256,921
295,438,229
105,883,000
12,549,238
5,079,602
3,096,323
20,553,229
■
13,45(1,000
216,051
1,110,811
17,021,872
2,906,234
"30,079,986
14,096,152
19,815,732
43,525,516
01,704,766
251,715,008
Reserve
for Investment..,.^*
Reserve
for
insurance....--..
Unadjusted credits
72,050
13,068
Prem.
Land surplus
on cap.
m 9 ">"*
....
/'* 5,785,961
4,237.461
2,521,391
21,050,660
15,220,014
61,771,203
262,772,828
Depreciation reserves....;..-...
v
3,398,302
34,458,562
....
137,256,921
295,438,220
115,917,744
10,450,212
4,771,158
2,521,391
and deb* stock.
reserve
Deferred liabilities
,339,000,600
7,897,433
1.942.070
19,950,000
5,189,633
.'»•>. 5,780,056
263,115,501
3,502,983
10,419,339
6,057,830
34,458.562
Contingent
31~344
J
2,290,803
10,419,339
1,605,895,632 1,583,077.899 1,557.280,485
587,822
$1*863*676
912,315,194
96,813,831
36,971,006
195,096,630
32,142,105
26,659,459
43,603,850
49,087,030
17,962,270
4,889,563
19,950,000
223,244
5,073,426
17,346,404
2,460,952
37,601,778
14,584,541
Piufit*and/ loss surplusuM**..*
1,294
281,730
$
LIABILITIES—
Ordinary stock
4% preference stock
Miscellaneous accounts payable
m *«,«**»»»*»•
f if frr «? it
bonds—
Accrued fixed charges, etc
$259,452
mi
Is
on
Materials and supplies
Agents' and conductors'
16,103
——
tr.
■
discount
1943
&
and
fund
1944
$
.
Ry., rolling stk., inland steam¬
ships, hotel, communication
and miscellaneous
properties
Improvement on leased prop.—
Net
1944
refund—
processes,, patents apd good will
Net
—
—
Investments
$841,016
1944
622.106
....
48,286
_
$923,979
134,241
15,920
1945
$210,596
'
$193,123
714,937
SHEET, DEC. 31
ASSETS—
♦Accounts
161,028
$1,004,581
164,565
paid
Surplus end of period
U.
;
1,126,841
2,333,877
Net earnings from com¬
Miscel.
$198,740
789,738
16,103
income
U. S. Treasury notes "C"
U. S. Treasury other war bonds
Inventories (lower of cost or market)
;
7,485,629
2,062,965
ship lines
$583,425
65,715
78,411
85,149
$827,854
214,938
7,367
for
Surplus beginning of period
Adjustments
$2,516,698
21,548
46,100
-7,886,890
1943
steam¬
Dom. of Canada securities
Other
undajusted debits
309,236
$2,693,772
15,513
T
4,991,643
& misc..
from ocean
coastal
Maintenance
97,574
profit taxes
(without
post-war refund
1944)—
$6,629,167
3,324,573
excess
;
$4,620j888
props.
earns,
and;
$562,273
21,152
taxes
Excess
1946—12 Mos.—1945
$7,190,513
3,630,997
income
$209,373
1,223
;
$4,652,852
5,942,060
—.
$809,793
18,061
787,896
:
oper.
Net
Ry.
YEARS
1944
$4,633,530
J
$845,011
282,738
_——
865,744
$197,822 >
44,547
1945
CALENDAR
inc., from interest,
exchange,
separately
Mortgages
1944
,
expenses
Net
FOR
Marie
$4,768,055
..
$1,147,846
338,053
expenses
$197,473
Gross income
income deducts...
31
$4,387,303
3,239,456
108,969
349
ENDED DEC.
YEARS
£
95,329
revenues
tax)
FOR
Cash
income (net)—.
nrrrf-?6 ,£inclProfits
ACCOUNT
620,703
&
total
rov.
$600,330
281,988
,
INCOME
Net
"
35,311,485
Minneapolis St. Paul & Sault Ste.
interest by the company.
Unexpended equip,
Net
EARNINGS FOR JANUARY AND 12 MONTH ENDED JAN. 31
Period End. Jap. 31—
37,939,936
19,882,662
bonds of
to
Dividends
Unamort,
costs
Gross income
Total income ddeuctions
Total
INCOME
-
of
Gross
3,299,016
108,544
22,957,048
profit
steamships
Acquired securities (cost).
1945
Selling
rev.
revenues
Other income
on
1946—12 Mos.—1945
$614,293
expenses
cper.
Inc.,
Co.,
Catalin Corp. of America—Annual Report—
Subs.)—Earnings—
1946—Month—1945
306,014
utility
deductions
40,354,267
5,042,782
Miscellaneous' investments
(Mexican subsidiaries not consolidated)
Period End. Feb; 28—
Total operating rev.—
Total
&
CONSOLIDATED
Cost
California Electric Power Co. (&
•,
Carpenter & Co.—Stock Oversubscribed—
(L. E.)
Burr
Net
42,982,718
5,042.782
,
22,955,503
738,953
COMPARATIVE BALANCE SHEET, DEC. 31
$12,630,333 $10,527,573 $31,673,492 $28,028,266
163, p. 1420.
to
on
ASSETS—
1946—3 Mos.—1945
$8,886,088 $27,563,209 $23,949,585
1,641,485
4,109,283
4,078,681
34,699,830
5,042,782
6,700,000
31,614,162
5,031,500
6,700,000
account—
as
163, p. 1722.
to
improvements to the company's plants and
for future acquisitions of textile businesses.—V.
163, p. 1856.
64,048,723
$20,922,941 $20,113,267
Total
-V.
finance
equipment
65,482,318
21,795,836
703,764
stock—
transf,
and
11,666
public.
to
55,530,979
20,185,720
645,429
19,289,009
258,120
———
liabilities
CuiTfcht
51,161,291
...
OTHER
Funded
48,187,689
15,861,034
__
$20,922,941 $20,113,267
-
Transferable subscription warrants Were issued
April 10 to comhion
entitling them to purchase on a pro rata basis 400,000
Of new 3%%
convertible second preferred stock ($100 pat),
at $104 per share.
The warrants, Which expire at the close of business
on
April 22, entitle stockholders to. purchase three-fiftieths of one
shares
4.9,211,567
16,270,751
dividends
ord.
on
LIABILITIES—
stockholders
43,159,664
12,371,315
revenue
guaranteed
Total
36,054,334
15,106,957
payable
Preference
Divs.
457,164
"l4~370
charges
Net
161,698
29,643
expense—
income
tlnterest
267,114
expenses
debt
Fixed
734,458
165,453
352,234
104,649
securities
receivable
refund
Tax
Unamortized
1944
22.333
(net)
supplies
Total
$19,380,659 $18,416,681
42,583
23.332
(net)
capital
earningsincome
SHEET, DEC. 31
Miscellaneous
Prepaid
4,621,039
13,177,312
$126,460
208,502
dividends
and
6,672,097
17,362,960
$63,045
201,553
CONDENSED BALANCE
Cash
6,570,745
18,826,659
_
$504,683
Balance
Fixed
""
$
233,136
7,000
$511,115
dividends
Materials
dividends
dividends
163,
$919,133
184,649
4,000
taxes
profit
Preference
$580,244
21,734
1942
$
$504,210
517,810
15,809
$483,583
18,931
taxes
reserve
Common
23,539
'
1943
$
$568,098
208,502
233,136
taxes
deducts.-
income
Common
$903,324
income, surtax and
value
Slate
Net
1950, 1951
YEARS
Total gross earnings,
316,109,358 318,871,034 297,107/791 256/164,091
Operating expenses—
Transportation
114,725,361 111,381,811
95,613,960 82,880,692
Maint. of way, etc
55,602,527 54,730,391
46,757,704
37,917,239
Maint. of equipment—.
62,552,681
62,064,275
53,339,880 45,206,614
Traffic
4,855,761
4,689,055
4,536,772
4,625,402
Miscellaneous opers.
8,578,037
7,635,259
6,439,998
5,149,530
Genera!
11,807,460
11,146,124
9,659,265
7,975,945
Railway tax accruals,
21,933,197
24,064,455
31,548,645
24,920,980
Net
deductions
Prov.
385,979
$556,705
28,204
profit
declared
316,024
$455,379
Fed.
CALENDAR
20,132,558
;;TTrrparlor Ac dining
miscellaneous,
&
car
pages
227,707,486 233,118,473 217,943,039 195,897,780
.56,854,297
56,310,130 51,168,685
39,337,893
4,040,780
4,045,027
3,961,010
3,830.067
Passenger
52SEL
Sleeping,
on
for the calendar year
1944
$
.
.
Mail
income
Preferred
N
exp.
of
refund
FOR
share
per
as «>mPaTed with
April 11,
and 1952.
bonds equal to re¬
sulting reduction and
on
was
Coleman, Chairman and
President, covering the operations
B
Miscellaneous
were
This
reduction in fixed
charges, After providing for divi¬
dends on preference stock the
premiums and
paid upon re¬
demption of 4% series
$837,196
330,893
Dr366
income
Federal
—V.
22,949
raw
from storage
income
Shipping,
Other
materials
operations
$758,667
prof. fr. sale of
income
costs.
other income and-
a
Cr594
34,551
and
economy
Portion of
$4,297,100
3,459,904
1153.
p.
Canadian Pacific Ry.—65th Annual
Report—The vic¬
expenses
$3,845,730
3,109,645
$1,863,076
torious ending of the war in
Europe and in Asia
the partial
readjustment of the Canadian
pre¬
and
discount
789,738
', 29,578
*
""
323~598
516
expenses
536,964
48,998','
$£,289,927
216,766
372,822
461,391
interest—
*
558/774
841,017
Crl04,649
354~388
T£io3
104/ reSlfor doubt£ul accounts of $15,865 In 1945 and $14,671
Jlofl r??ery* for depreciation of .'$550,735 in 1945 and
m
1944.—V.
In
1,272,036
32,223
of
•credit——
issued and
1,62
,973
13,450,000
5,105,446
6,095,943
239,234,744
17,648,41**
62,533,037
10,387,12?
5,353,560
34.5R5»f>2
231,234/218
li iii rjl
^ Total
'
.-
surplus
INCOME
funded debt
on
miums,
395,000
profits
$372,248* ' c$2ll,263
435,823
280,031
35,068
-
:
surplus
ex¬
profits tax
Depreciation
Interest
21
77,000
Federal
on
stock
vCapital
taxes
income
.
railway operations
YEARS ENDED DEC. 31
Profit from sales of real
1943
$4,372,687
75,587
1.3%
outstanding
stockholders
excess
Earned
139,000 shares of 6% preferred stock were called
given the option of exchanging their shares
for 4.4%
preferred stock before Nov. 9, 1945, or surrendering their
stock for redemption at $26.25 per share
plus accrued dividends.
The
holders of 61,454 shares of 6% preferred stock elected to convert their
holdings into 4.4% preferred stock.
The remaining 77,546 shares of
4.4% preferred stock were sold to the public.
As a; result of the refinancing, the annual interest and amortization
charges will be reduced by approximately $98,000 and $14,800, respec¬
tively, and preferred dividend requirements by $55,600 per year.
Between Oct. 20 and Nov. 9, 1945, common stockholders took advan¬
tage of the company's offer to sell additional common stock at $30 per
share and subscribed for 27,780 shares on the basis of one-fourth
and
Amort,
1944
$3,874,593
28,863
renegotiation)—
«Gapital
These notes bear interest at graduated rates ranging from
1946 maturity to 2.2% for the 1955 maturity.
par.
•
Post-war,
for the
Miscellaneous
NOV.
payable
payable
Capital surplus received—
29,
cess
ouu,uuv/ sns«
300,000 shs.
*
held
Accounts
Taxes
1945, General Water Gas & Electric Co., then owner
of all the company's 116,568 shares of common
stock, sold the entire
holding to a group of investment bankers.
On May 11,
1945, the
banking group reoffered the Stock to the public at $39 per share.
In the. latter part of the year, the company completed the refinanc¬
ing of its bonds and preferred stock.
The outstanding $11,882,000 4%
bonds were called for redemption on Nov.
6, 1945, at 105 Vi.
On
Nov. 5, 1945, $11,282,000 of
bonds were sold at 107. Notes of
$60 ),000, maturing serially over a period of
10, years, were sold at
on
Authorized
*-
on
Patterson
California Water Service Co.—Annual Report—
On
Prov.
CAPITALIZATION
preference
the
Total
terminated.
were
of
2001
LIABILITIES—
April 4 announced acquisition of all outstanding
Ballagh Corp.,. .Los Angeles, Calif.,, manu¬
facturers of oil tool specialists.—V. 162,
p, 2142.
company
stock
Operating
development
the
At
of
when
1945
,v The
quantity
making
plastic fairing made by laminating sheets of sheeting with resin for use
by a large Government prime contractor in manufacturing and assem¬
bling electric turrets for Army bomber aircraft. This business continued
until
Byron Jackson Co.—Acquisition—
il l
Ili'i «||I)||
,
j
''li'r.-
1,605,895,632 1,583,077,899 1,557,280.483
•
1945
1946
Week Ended April 7—
1945
1946
^10 Days End. March 31—
value of the new common will
account.
The parent company will also
common. at
$3(L67 per share..
the
$5,731,000
Trartic Earnings
$5,192,000
Days Ended March 31—
Trauic earnings
1946
1945
$7,908,000
$9,238,000
.10
163, p. 1857.
-
Subs.)—Annual Report—
1945
.
Railway transportation
Bus
transportation
•
Total
revenue
■
operating
revenue
17,804,518
Gross
Interest on funded
Amoitiz.
of
debti—.—.i.-^
and expense
disc,
interest
Cuier
110,302
funded
on
charges....—
118,031
-
10,939
Net income
ing Issued
8,199
Appropriations of net income:
Post-war
Property
.
requirements
adjustment
reserve
Balance of income credited to earned surplus
i
Otner credits to
Dividends
($2
$602,079
surplus, net—
share).
•
per
Dr480,Q00
4,991,054
r
at end of year
$4,991,054
aid
In
Accelerated
Federal
income
taxes
resulting
amortization, respectively.
BALANCE
~
DEC.
31,
ASSETS—Property and plant accounts,- $62,634,952; deposits in lieu
mortgaged property sold, $84,877; cash and U. S. Govt, securities
in special funds, $1,364,580; cash on hand and in
banks, $2,976,244;
U. S. Govt, securities, $2,920,925; other marketable
securities, $14,853;
U. S. Treasury tax notes, Series C, at cost,
$3,845,000; accounts receiv¬
able, trade, $36,325; other accounts and interest receivable, $114,993*,
employees' working funds, $156,435; deposits for payment of matured
interest, $68,108; material and supplies, $929,720; unamortized discount
and expense on funded
debt, $537,478; prepaid insurance and taxes,
$201,544; expense of property valuation, $162,801; miscellaneous de-ferred charges, $27,868;
total, $76,076,704.
-
.
been
accrued
prior
the
to
constitutes
distribution
:
;
the
in
interest
tax
status
Columbia Pictures
a
V
be:
•
distribution
this
of
Rock
Island
&
Pacific
the
treatment of
Estimated
-
•
'
the
represent
Net
securities of
portion
portion
payments
were
and
scrip
visions
section
of
the
unpaid
chased
22(a)
of
the
Internal, Revenue Code,
aecrued -interest.
the
with
'flat'
and
subsequently
such
interest
In
interest
bonds
default,
where
securities
at-
date
and/or stock
the payment
and
the
were
($100 par), $24,000,000; funded debt,
$15,477,396; funded debt instalments and serial note payable .within
year, $1,143,580; conditional sale contract, street cars, $534,009;
accounts payable, $670,302; accounts
payable to Potomac Electric Power
Co., affiliated company, $146,025; accrued payroll, $754,675; taxes ac-
stock
and
serin
163, p.
-V.
1723.
the effective
of
as
date
the
plan
pur¬
1
liabilities,
reserves
fare tickets
$91,942;
Plaut, $17,681,587;
a
con
580;
outstanding, $508,455; otfier
for depreciation and
for
reserve
injuries
current
and
retirement
of
income
taxes," $734,420;
Trustees'
prbp-
reserve for property adjustment, $2,6443-
undetermined
9.-V.
163,
consummated.*'—
Stockholders
at the annual meeting on
April; 10 were informed
McC. Cameron, First
Vice-Chairman, of progress being made
company's current 840,000.000 expansion
program.
This pro¬
gram will increase production at
existing plants and wiJ also extend
present
Cameron
and
pany.
The
of
expansion
level.
Summit and BeiviAmong other tilings, the program
fiber production to three times its
pointed
chemicals
stiii
staple
out
that
far
exceeds
demand
Celanese
textiles,
facilities
informed
were
that
the
first
.
of
plas¬
the
com¬
quarter
Provision
for
~~T
expenses
1111111III"
depreciation
Amort, of plant acquisition adjustments.
General
Federal
Interest
taxes
on
•Amort,
of
J
and
excess
disc.,
railroad
Lines
officials
said,
2,006,800
made
idollar)
25,
at
debentures
1946,
fht
a
price
rejection
or -
full
one
of
day and night,
export,
and
due
will
June
tenders
debentures
aud
(excluding
of
import
provide
30,
2,171,900
accrued
wi'l
accepted
3189.
1,448,365
profits
and
prem.
$2,520,780
$2,060,624
603,384
625,959
111,148
__IIIII.II
8,563
expense
1,675
$1,424,425
501,606
501,606
-
and
second
$1,303,808
0i;d^t^dlS.c.?uJnt'
„
P^mium
and
$922,819
-
expenses
thisv unit will be completed and ready for operation
next year.
The increase in our peak load last winter points
aesirabUtv and iiceu ox this adjsKional generating capacity.
The total ccst will be about $13,000,000 and is the largest single
em
Investment Corp.,
E. Hutchinson,
be
1968.
should
b?
on
time,
credit,
had
delivered
p.m. on May 2,
for
V.
To
e8Ch' a"d ^ mSetto8
1946—V. 162,
of
the
finance
1947.
2,
Ninety banks located-in
Twenty of these
were
among
States
30
com¬
Stock
.terred^tock ($100 par), at $102,489
crued dividends.
MO 929
j
per share and ac¬
awarded to the under-
3t competitive bidding April 9
W0F*ni™.
lo'ofi
Langley
was
1?
FS
»
on their bid of
50r|>" 106-519 lor a rate
?.a"1 3'70?: R H' Rolltas &
lo'l °8? a?6
of this fin®ncing,
I0M8
4%.
i
ol 3.60% ;
Sons- &>«•.
3'30%- an<i W- c-
together with other
funds
will
be
Bank
partici¬
will
donate
the:outstanding
common
to
cpntrnl
thereby reducing the stated
shares from $1,000,00d to $742 150
I J*?*je*^an$e 14,843 commoh; ihafes
a
stated
value
_of,$ <42,150 and 1,972 shares of $6 preferred
.of new common stock fpar $io)*- The common
,
$6 preferred shares
so
surrendered in
-
exchange will be
shares
Chicago,
38
So.
Dearborn
Street,
Chicago,- 111.—See
"
1860.
'
'
12 Months Ended Feb. 28—
canceled
for
Investing
Co.—Plans
Stock
Split-Up
Gross
New
and
1945
1946
$
"six-for-one
said,
the
of
President,
split-up of
"we. are
will
be
held
that
a
Amort,
special
May 2
to
vote
on
the"split-up of the cohimon stock," Mr. Dowiing
asking, the stockholders to take action with respect to
issue
of
to.provide
Dowling
added,
not
exceeding
additional
"We
incentive compensation
and employees
$5,000,000,
funds
also
are
for
the
Gross
Interest
principal amount
company."
>
plan and
seeking stockholders'
a
retirement
of the company."—V. 163,
'
bonds, due April I
the
Central
plan for the officers
190.
p.
-
The
for
The
called
of
Cleveland,
bonds
may
including April 30, 1946, into
directors
dividend
year, an
on
the
view
trustee,
308
be converted
common
at
stock.—V.
Euclid
any
Ave
time
at
a
meeting
common
held
stock
March
on
29
decided
usually
declared at
restrictions on sugar.
of,the
announced
fioLf
™
L
Manager,
25,685.147
profits taxes..
was
that
James
E.
>
this
to
omit
appointed
Vi^Pp8r^awmafS
Vice-President
time
Conner.
in
charge
C6®cretary'J* Foster
158,
p.
2249.
'
on
Net
v
-
^
——
preferred stock
deductions
51,066,861
14,647,987
of
4
subsidiaries._
6,586,622
10,080.833
..
48,457,670
15.587,97®
5,817.278
10,927,606
571,001
551.557
...
income
19,219.860
15,553,807
933,334
1,228,556
18,286,526
14,325,251
——
Appropriation to
-
special property reserve.
Balance before preferred dividends^,
I
of debt
discount, premium and expenseST^clu e
charges in the 1946 and 1945 periods of ,$5,819,195 ana
•
919,603 respectively, equivalent to net reduction in Federal^ana
^
income and Federal excess profits taxes by
reason of^eauctm
boosts incurred in refunding of securities. In accordance with gen
^
accented accounting principles,- such special charges were cla£
of
'Amortization
prior
of
^
t
tn
-(s
of
General
sales, and
Kanatzar was
:
r
-
m*.
Dec.
31,
1945
as
provision
for taxes or
reclassifications are to accord with
provision m u
not be reduced by such reduction in taxes as
'stating gross income by such amount.
,
■
requirements 01
companies an „houi(]
to operations 8
to do so results in
latory commissions but m the opinion of the
independent accountants, the taxes chargeable
.
March 31, 1946, dividend arrears of $29 per share
outstanding shares of the corporation's $6 series pfperrea
including fractional scrip), afte* taking into account diviae
be paid on April 11, 1946, amount to $42,970,025.
NOTE—At
the
on
to
(not
the
pay-'
to
rtaxes. The
the
named Vice-President; Gay P. keith,
"anuohued
appointed Vice-Presidjent.-nV.
income
long-term debt of subsidiaries
Amort, of debt d;sc., prem. arid expense!
Other
up
161, p. 2554.
present
Previously,
wereitriade at the rate of 50 cents per share each
quarter
,Sales
excess
snec'al
redemption on May 15, next, $15 000
mortgage sinking fund convertible
100 and interest.
Payment will be made
I960, at
National Bank
Cleveland, Ohio.
to arid
and
on
-Dividends
approval of
Clyde Porcelain "Steel Corp.—Partial
Redemption—
The corporation ha-s cailed
•.of its outstanding 15-year
at
92,237,939
21,476,828
8.790,104
taxes
income
.
an
—•
16,478,221
General
a
Dowling said the improvement of present
properties/the build¬
construction ^program and the acquisition of other
properties would
require substantial funds and that the proceeds of the
proposed
properties debenture issue were expected to be used for such
pur¬
poses.
«
Mr.
deprec'ation
plant acquisition adjustments
Federal
on
stock.
common
of
to*
contemplated
debentures
the
March 29 announced
on
stockholders
common
addition
for
Provision
Robert W. Dowling,
208,961,793
93,247.230
21.941,582
8,357,878
16.379,117
20,478,313
215,735,101
revenue
Operating expenses
Financing-
and
and
Subs.)- -Earns.—
-
$
Coca-Cola Bottling Co. of New York, Inc.—Omits Com¬
Dividend—Officials Promoted—
the7atte?s 4mm?n
outstanding
Commonwealth & Southern Corp. (&
the banks which participated
in 1926.—V. 163, p. 1421. '
mon
Utility Holding Company Act of 1935
.Ohio Light & Power.5,157 shares.of
par), and these shares will be canceled,
the
of
163, p.
the first credit set up by the corporation
used
86
Public
of
_
Mr.
Offered—Ridder, Peabody & Co. of New York, and
JtfcDonald & Co. of
Cleveland, on April 11 offered to
the public a new isue of
12,000 shares of 3.60% pre-
Preferred Stock
of 5%
cumulative preferred, stock
J( which have not been deposited for shares of 4% cumulative preter
stock under the corporation's exchange offer dated March 21.
have been celled for redemption on May 4, 1946 at 105 and dma
Immediate
payment
of the
full redemption price,
plus
dividends to May 4, 1943, will be made upon presentation and s
render of said certificates of 5%
preferred stock at the First N.
'
the corporation has not used up to the present
established on March 2, 1942, and was scheduled to
March
The average holding is 117 shares.
p.
Commonwealth Loan Corp.—Calls 5%
ing
rJr en'la'ir?i!0 M?'1' & Power Co.—Preferred
163,
payr
.....
Vice-President and Chairman
to
5,000 during the year.
1859.
gain of
before
which
been
until
run
meeting of
—
the pioposal fas.taken at the annual meeting held on March 12 oh
to change the capitalization from
60,009 shares par $100
The issue
Edison
Notice
or
smaller
rephicements
Tenders
interest).
mailed
The balance to be spent in 1946 will be appnea
but
nonethe ess vital additions,' extensions ana
reinforce and expand our electric and^ gas facimie.
stockholders at the end of 1945 numbered about 112,
plant budget.
various
to
April 9, announced that the company had extended until
1951, with modified commitment fees and interest rates, the
$100,000,000 revolving credit which it had previously set up with it£
depositary banks throughout the country.
"In
IBS,'
the
in cur
on
City
Los Angeles, Calif.
hoped, that
early
•March 2.
trnCilCFXainineom1946 iT0* if
Split Up Shares—
1946—Charles Y. Freeman;
said in substance:
includes
d«ct.£ofco"s'to„cS fnn?etritPoTlUaK2V^3Tm?f de'
4.2
unit and re'a ted steam electric-generating equipment at our
Ca'umeii Sh"tion in Chi"^?^
ln ?pi^fr Of' .de1av v alreadv experiencea., it
Chrysler Corp., Detroit—Revolving Credit Extended—
B.
mittee,
in
192,976,000
kilcwatt
is
All
pated in it.
Balance
4.1
to the promulgation of the restrictions imposed by the Civilian
Administration to aid the fcati°nal hous^g program, our
Veiled f**
n" pxr)°ndi<'Uro'' of r6u<*hiv $35,000,000 in
1946! Practically all of this is for needed and" long-deferred utility
biant additions.
Tnis is aimost twice the U4o ligure, but slightly less
;thar. those of 1940 and 1941.. Whether this amount will actually be
expanded depends.'not onlv on the limitations to be established for
utility- construction, but also on the availability of materials ana
equipment, and ox skilled Lbor.
,rt-,.nnnF01 some months, construction has been under way on the 107,ouu-
receive
ment-to the trust company on or before 3
p.
1
5.2
Prior
on
140 Broadway, New York, N. Y„. wH nntiL
bids for the sale to it of sinking
1945,
22,
income
be
This
T-V
Island
300,000
$1,805,415
April
the
April
on
acceptance
Apjil
.
316,600
831
L
Rock
1
long-term debt
debt
the
.
$13,044,875 $12,610,381
5,683,634
5,387,490
.1,245,000
1,242,000
...
income
freight,
5%
should
1,272,060
-
_
by
Chilean Nitrate & Iodine Sales Corp.—Tenders—
p.m.
,of
6.4
189,124,000
192,545,000
pl">*»s
The.Guuiantv Trust Co.,
1045
% Dec.
192.633,000
Production
"
to
will
which
fund
—1946
revenue
Operating
Proposed Expenditures in
report
Central Illinois Light Co.—Earnings—
12 Months Ended Feb. 28—
I
184,931,000
SOI:::::::::::
Chairman, on April 2,
delivery, at Kansas City,
and
third morning delivery
at
Houston and Galveston, Texas.,,
Similarly, the northbound freight will "arrive in Kansas Citv on
the second morning and in Minneapolis and St. Paul on the third
morning.
'
An improved Rocket Freight schedule between Chicago and Houston
and Galveston was also announced by the Rock Island.—V. 163, p. 1858.
3
Gross
Mar. 16
:
.
for
production
reflect about eight weeks of
operations of Tubize Raydn Corp.
.earlier this■ year was merged into Celanese.*—V:
163, p. 1857.
.
Mar: 23
Mar.
-
fj
1,668,961
-
Output—
1945
1946
180.339,000
179,195,000
184,731,000
'
Week Ended—
Anr
morning
,
stockholders
ihaugurated
will
and Rock. Hill (3. C.K
for
be
"
domestic
a_,n! facdities at Bridgewater (Va.),
dere
schedule,' will
4.
The-reduced schedule, effecting a saving of
expedite the,transportation of all types
W.
tics
f
high-speed "Rocket Freight"' service between the Twin Cities
the Texas Gulf ports, via Kansas City, cutting 24 hours off the
April
the
Mr.
2,323,014
-
Co.—Weekly
new
present
America—Proposed Expansion—
'
calls
897.
Edison
Commonwealth Edison group of companies,
utilities for the week ended April 6,
corresponding period last year. Foh
lowing are the kilowatt-hour output totals of the past four weeks and
percentage comparisons with last year:
Chicago Rock Island & Pacific Ry.—New Service—
A
and
Celanese Corp. of
an
p.
134,590
Commonwealth
sales to pther electric
showed 6.4% decrease from the
$799,537 $11,072,425 -$9,822,435
225,396
advised.—V. 158, p. 886.
for
reserve
reserve
.by
net
Inc.—Control—
Electricity output of the
and
damages, $1,179,994; other reserves, $2,715; earned sur¬
$6,249,650; appropriated earned surplus, post-war
requirements
$720,000; total, $76,076,704.—V. 163, p. 189,
,
plus,
$981,366
Gross-receipts
accrued
1562.
excluding
-1946—12 Mos.—1945"
-
p.
Transamerica Corp. and its
has been
purchase
Chicago North Shore & Milwaukee RR.—Earnings1946—Month—1945
163,
subsidiaries, First National Bank of
Portland and Occidental Life Insurance Co., now own 56.11% of the
outstanding capital stock of the company, the San Francisco Exchange
r
Period End. Jan. 31—
The number of common shares outstanding Dec. 29,
595,447' and the number of shares outstanding on Dec. 30,
383,401.—V.
1945.
Columbia River Packers Ass'n,
one
interest,
was
29,
received
are
is
$1.42
was
The
for
so
received applicable to the
defaulted
interest
at
the date of purchase represents
a
return of
capital to the extent of the fair market value of such bonds and/or
in
scrip
of
$950,000
1944
the extent
to
cases
stock
1945
Dec.
are
default
in
$1,295,000
"
$2.01
——7-
comparative earnings per share of common stock are calculated
the increased amount of common stock which was outstanding on
'-The
purchased prior to the default
and/or- stock
bonds
profit
"Earnings per share of common
of
on
the debtor
and
.
Operating
also
fall
last
-
-
Corp.—Earnings—
*
Dec. 29,'45 Dec. 30,'44
profit
—-------i:*
$2,250,000 $2,125,000
provision for Federal taxes (including excess profits tax)
1
955,000
1,175,000
26 Weeks Ended—
of new Milwaukee securities
the remaining claim of the
excess of the;principal amount^ Mr. Nunan said;
interest,
of
'-LIABILITIES—Capital stock
bond
Southern Ry.—-Bond Interest Payment—
Trie company has announced that interest of $32.50 per*$1^000 bow)
wiU he,paid May Ion,the general
gold bonds, series.A,
ioo« ~
This Payment wLl represent fixed. interest' at the Annual
due 1980.
% *u» iwyviwv
rate of lV»Ch for the period Nov. 1, 1945 to May 1,-1948, amounting
nrin: Wv«A-; orl#l
t
to $7.50 per $1,000 bond and COHtihgent interest of 2^%; A* <SO«
contingent interest of
or $25, for
the calendar year 1345.—:V. 163, p. *1723.: w163. v. 1723.:
y
"
received
payment for such interest, the ratio of the unpaid accrued interest
so
received up to Jan.- 1, 1944, to the aggregate face or par value
of the' bonds andjor stock and scrip received
(as determined under
the
plan), multiplied by the market value of said bonds andl/or
-stock and scrip as of the effective 'date the- plan is consummated,
represents interest income to
the security holders under the pro¬
1945
interest accrued, $71,629; matured
1946—5 Wks.-—-1945
1946—-13 Wks.—1945
$11,587,517 -$3,735,043 $20,581,722 $23,101,430
1723.
p;
'*
in
of
££^,,io $3,397,637;
163,
Colorado &
.
&
the extent the interest was accrued subr
the acquisition of. the bonds and any portion o; the--cash
which
the
"If
"
SHEET,
..........
—V.
taxable to
is
the tax
to
holder.in
in
CONSOLIDATED
Paul
St.
made by the Chicago,
specific coupons.
received
and
refinancing
from
Milwaukee,
cover
,
reduction
Period End. Mar. 30—
Reorganization of Old Road—
on
had
not
As
^Special charges of portion of refinancing cost ($762,863) and pro?
for property
adjustment
($644,580)
which are equivalent to
vision
$1.86
cause, the payment did not cover designated interest coupons as was
the case with similar
payments made by most other railroads.
£
4,975,538
$6,249,650
There
payment
Earned surplus
80.49
Continue to Rise-
Colonial Stores, Inc.—Sales
Sales
representing irterest
of, capital.
Dr29,703
Dr480,000
...
$0.34
550,000
$1-77
return
$525,224
1,136,516
earned
forecast by Mr. Janas for April.
He an¬
daily flights between Washington-Ottawa and Washing¬
that
$1,502,118
550,000
consummated
sequent-to
500,000
500,000
_
$1,479,822
o«0,000
'
Chicago,
was
reorganization
240,000
•
240,000
reserve.—.
,±oi
550,000
Pacific Ry. reorganization
recently, was a non-taxable reorganization;
ruled
Joseph D. Nunan, Commissioner of Internal Revenue,
in a
letter to the railroad, it was reported on March 28.
The Commissioner ruled that the $52,000,000 cash distribution
to
the bondholders
which
the
road made
last summer while still
in
The
which
$1,265,224
$1,342,079
year, as compared
was an increase in
...
"
15,645
60,568
debt.
ill
miles in March of. this
mcnth of 1945. . This
ton-Montreal, with service stops at Baltimore, Reading and Syracuse'
"would be inaugurated April 15—-V. 163, p. 1562.
'
Chicago Milwaukee St. Paul & Pacific RR.—Tax Rul¬
ya.xoo
.—
$286,4<u
shrs...
com.
Earn, per share
—V. 163, p. 308.
$2,007,101
638,118
„
.
nounced
$1,103,945
$2,051,705
—•
income
309,114
profit
Number of
i
1,407,443
operating revenue.Non-operating revenue
$595,584
passenger
1,748,733 for the same
with
passenger travel of 60.2%*.
Additional increases are
t
Net
1,278,752
4,146,045
$1,941,403
Net
Feb. 4,'45
$j.,y-o,uril
^60
Feb. 3,'46
laxes
Passengers,
totaled, 2,624,785
2,634,899
1,259,412
2,814,586
-
mail and express carried by this corporation, continued
to increase in the month of March, according to Sigmund Janas, Pres¬
ident.
Express increased to 20,802 pounds for March, as compared
with 12,069 pounds for February, a rise of 72.3%.
Passenger travel
—40 Weeks Ended —
Feb. 3,'46
Feb. 4/45
$3,677,699 $5,758,493
2,197,877
4,2o6,375
12 Weeks Ended —
—
after charges •—
Profit
Income
10,132,718
2,570,869
Operating expenses
t xuv.sion for depreciation
•'
•
Inc.—March Traffic Higher—
Colonial Airlines,
•
Subs.)—Earnings—
Champion Paper & Fibre Co. (&
Period—
$27,798,234 $28,101,361
—
...
'
■
a
company,
announces-
company
Ohio,
1944
-
$17,310,762 $17,264,101
10,047,048
10,338,649
440,424
498,610
revenue
park and other operating revenue.
Amusement
The
of
•
•
-
.
that its production for the four week*
enued
April
1(, 1946, amounted to 504,605 barrels, compared with
513 650 barrels in the four weeks ended March 4, 194G, and 624910
barrels in the five weeks ended Feb. 4, 1943.—V. 163. p. 1422.
The
public utility operating wholly within _the State
reported operating revenues of 81,983,334 tor the 10
ended Oet. 31, 194$, and net profit for the period of $271,740.
Upon
completion of the present tinancing and recapitalization Program, the
company will have outstanding funded debt of $4,214,000, 81,-00,000
principal amount of 3.60%
cumulative preferred stock and 84,COO
shares of Common ($10 par).—V. 163, p. 1857.
'
•
-
statement for calendar- years
income
consolidated
.
...
Capital Transit Co. (&
•
par
Ltd.—Production-
Colon Development Co.,
the cance^a shares and
be creditcu to capital surplus
purchase 9,78o shares of new
stated value of
the
between
difference
the
■\
Monday, April 15, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
2002
"
Weekly Output—
*
of
subsidiaiieSe^
weekly kilowatt hour output of electric energy of
•this corporation adjusted - to*, show general business
conditions^ u o80
ritory served for the week ended April 4, 1946 amounted to *™°q4= a
The
;as compared with 254,985,709,for the corresponding
decrease of 11,438,629 or 4.49%.—V. 163, p. I860.
week in
.'THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4481
yolume 163
Co.—Tenders Sought—
Conestoga Traction
Cribben & Sexton Co., Chicago—Stocks
Offered—Paul
H. Davis & Co. and associates oil
April 8 offered 40,000
•shares of 4V2%> ($25
Provident Trust Co., trustee, 17th aiid Chestnut Sts., Phila¬
delphia
Pa., will until 12 o'clock (Daylight Saving Time) on May 16,
!q/,- deceive bids for the sale to it oi 50-year 4% gold bonds due
jan'1,1950, at prices hot to exceed par and interest. Tenders are
subiect to acceptance or rejection by the company, in whole or in
rnrt
at any "tirtie from date of receipt until May 11, 1946.
Bonds,
The
if
par) cumulative convertible
ferred stock and 45,000 shares
($5 par)
of the company. The
preferred was
,and dividend and the
accepted must- be- presented for .payment not later than
1946, When interest will cease to accrue thereon.—V. 137,
so
any,
May116,
company and 39,305
of certain stockholders.
Consolidated Edison Co. of New York, Inc.—Output—
on
company
The
Transfer agent for both
Title & Trust Co.,
Chicago.
April 10 announced-that system output of elec¬
generated and purchased) for the week ended
Bank of
(electricity
April 7, 1946, amounted to 183,800,000 kwh., compared with 164,900,000
tricity
Local
With 162,000,000 kwh. for the corresponding week of last
for
v
.at
year,
April
on
company
issued
9
its
report
to
the
companies has risen more than 60$ in the past 10 years to
present weekly average of $53.22.
System
a
and
Files
Central
The
-
He-
having
share shall be reclassified
a
value
par
a
Consolidated
•
to
would
be determined
issue
the
to
each
for
which
share
of
issued
were
preferred,
shares of
seven
total
of
new
Central
Iholding
told
the
system of
company
it
which
desired
it
to
eliminate
Consolidated
and
itself
of
liquidated.
that Central
will
distribute
solidated
the
holders
to
August
1, 1932,
163, p. 190.
V.
in
of
kind
its
the
shares, which it
20-year,
5V2% income
outstanding in the principal amount of
the
of
bonds,
2 Months Ended Feb. 28—
Total
operating revenues
Operating, expenses
'.Taxes
_
A
.
.
—
~
the
issue
is
net
and
and
and
$989,353.
en
for
are
net
sale
of
a
rubbish
sold
.
under
incinerators,
J...
-
bonds
on
'
..
,
40,000 preferred shares
by
the
company
and 5,695
which
H.
Davis
Whipple
It
is
and
contemplated
used
real
to
estate
"
'
INCOME
has
agreed, to
the
several
the
and Compania Agraria
including furnaces,
underwriters
number
purchase
of
are
such
as
of
chase from the
the
the
shares
.
.common
Ahare .after
pfd.
$1,596,023
diV.—
*
President, etc.—
$1,262,9*13
-
$1,18
.
J
;
$0,190
>
6,000
Wertheim
"
Lazard
STATEMENT, YEARS ENDED NOV. 30
1943
$7,958,649
7,143,636
3,651,694
441,844
268,343
'
6,579
$273,934
$379,748
13,680
109,307
112,627
011,262
.
.
..
20,054
Federal
excess
surtax^-
,
100,407
profits tax
Postwar refund of excess profits tax
r
Net
Common
r
—V.
p.
,
—V.
Consolidated Grocers Corp., Chicago—Earnings—
36
Weeks Ended—
"
Mar. 9,'46
Sales
163^ p.
prov.
for taxes
Mar. 10,'45
,
286
.571
3,930
286
571
3,930
286
1,070
1,070
Weeks.
&
3,930
286
1,070
571
3,930
286
1,070
343
2,3^5
171
645
343
2,355
171
343
2,355
171
645
171
86
320
86
320
571
—
White, Weld & Co.—
Reynolds & -Co.j.__^_^_
&
e._
Co.—,
Co.—
Schollkopf St
Co.
171
171
171
1,180
1,180
1,180
1,180
1,180
171
1,180
Co.
&
171
(Incl. Compania
,
1946—6 Mos.—1945
Sugar Co.—Stocks Offered—An
320
86
320
86
320
YEARS ENDED SEPT. 30
and
1945
1944
of
i
Mfg.,
shipping
for
Provision
•
13,670,089
$14,174,748
7,327,180
8,156,175
5,377,287
233,053
204,637
174,015
$3,251,820
93,955;
and molasses purchd.
cane,
1943
11,881,931
7,907,155
$6,264,258
$1,296,264
115,794
86,272
Sales of sugar, molasses and alcohol $23,283,960 $28,295,161
Cost
un¬
320
86
86
Azucarera Atlantica del Golfo
Trading Corp.)
1281.
Cuban Atlantic
645
Soledad
$5,955,953
expenses, etc
depreciation
—
•
Other
profit —
operating income.
Other
income
Gross
Total
Other
income
for
.
U.
for
Prov.
for
Provision
,
Net
Res
U.
S.
income
tax
profits tax__
contingencies—
S.
excess
for
cont., etc*., no longer rcqd.
for
540,901
273,382
Cr480,468
Cr331,752
Crl30,942
1,144.433
2,123,571
403,982
02,266
48,422
$4,074,514
$877,986
contingencies
Balance, surplus
163, p. 1724.
—
$1,498,331*
792
2~5"500
$2,289,227
income
Provision
$3,469,501
67,846
—.——
100,613
$3,476,369
454,532
—
expenses
Provision
104,629
120.594
Adjustments with respect to opera¬
tion of prior years
Prov. for Cuban inc. 'St prof, taxes
.
,
3,930
& Co—.-
CONSOLIDATED INCOME STATEMENT,
derwriting group headed by Wertheim & Co. and Ladenburg, Thalmann & Co.,on April 10 offered to,the public
' 1,639,950
756,890
.new preferred and. additional common stock of the com¬
^ohunon shares outstanding.—*
289,164
239,164
Earned per common share—
$5.19
$2.90
pany Consisting of 30,000 shares of 5% Cumulative pre¬
-V. 163,
p; 1562.
:
ferred stock ($100 par) which were priced at $104 a
Stock Split Approved—
share ahd dividend and 175,000,shares of common stock
The stockholders on
(par $5) priced at $34,625 a share.
April 8 approved a 3-for-l split-up of the
outstanding ho par' Value common stock (stated value $4 a share).
These securities represent part of the 60,000 shares
Eresent holders "of common stock will receive- three new shares of
of preferred stock and 275,000 shares of common which
$1 par
common and the remaining $1 par share would be credited to
; are being issued by company for the purpose of acquirsurplus.—V. 163, p. 1562,
•
"ing the Hershey Cuban enterprises. ~"
Of the total securities offered 20,000 shares of pre¬
Consolidated Natural Gas Co.—Would Purchase Addi¬
tional Shares of
ferred and 137,500 shares of common were purchased by
Subsidiary—
.
The company asked
the underwriters from Cuban Atlantic and 10,000 shares
authority of the SEC to purchase 50,000 adtfifrt°n*L shares of cottimon stock of its subsidiary, East Ohio Gas Co., ; of preferred and 37,500 shares of common from the Her¬
7°r $5,000,000 to provide the latter with funds to finance its business
Ohio.
shey Trust Co., trustee for the Hershey Industrial School
Ohio plans to sell the additional stock in two
of Hershey, Pa.
.or more blocks
The shares purchased from the trustee
Ting,
latter Part of this year,'as the 'fupds are required. c.
are part of 40,000 shares of preferred "and 137,500. shares
:comPanies explained that additional funds are required ;by •'
of common issued by Cuban Atlantic to the trustee as
the large capital
expenditures which have been made during
profit after all charges inch
and
minority interest.—
571
Up 22.84%—
$78,778,529 $68,102,018
Net
Hemphill,. Noyes
& HopwoodRutty & Co., Inci—
St Co., Inc.——
Victor, Common, Dann & Co.
'
.
1,070
1,070
1,070
286
PipGr, • Jaffray
59,430
$7,205,242.
1,070
286
Sage,
$117,806
$1,012,639
2,145
1,070
286
3,930
Riter
51,692
1946—Month—1945
$1,243,904
286
3,930
Stroud
$155,395
571
571
'
1281/
sales
.
571
1,143
571
Doolittle,
14,858
Period End. Mar. 31—
■
1860.1
571
7,855
7,855
3,930
3,930
Moseley • & Co——
Paine, Webber, Jackson &
-
E.^ Wollman.—V. 163,
571
7,855
1,143
Co., Inc.—
Co.——
G. U.'Walker &
103~383
Crown Drug Co.—March Sales
571
7,855
F.- S..
.
80,573
$153,472
dividends
dividends
163, p.
8,080
,.,4,500
4,500
2,145
2,145
2,145
2,145
2,145
2,145
571
7,855
1,143
CO
&
7,855
1,143
571
Loewi
income
Preferred
..
Henry R. CoOk, .Jr. and Ralph L. Thomas have been elected Vice
Presidents. Other officers elected were: Charles P.
Crane/ Executive
vice
President, J. Theodore Wolfe and Herman L. Gruehn, Vice Presi¬
dents; and Austin E. Penn, Secretary.
Francis E. Rugemer' has been: elected Treasurer to fill the
vacancy
caused by the recent death of Charles
$206,460
1.143
Becker &
G.
Curtis
deductions
571
Hallgarten &
Hayden, Stone & Co.—.
483
$202,059
4,401
7,855
Common'
1,200
1,143
Brothers
Hornblower
$373,169
1,200
571
A.
v
9,182
16,500
16,500
Bear, Sterns & Co.—
$4,122,580
$264,751
Federal normal income' and
t
Freres
Lehman
.
purchased
from the Trustee
Preferred
2,403
2,402
1.143
-
Glore, Forgah & Co,—
Goldman, Sachs & Co.—.—.
Harriman Ripley & Co. Inc.
Kidder, Peabody & CO.-
4,500
1944
Co
&
Ladtnburg; Thalmann & Co.
Blyth & Co. Inc
6,750
4,000
....
.
Shs. to be
Common
'
.
6,750
6,000
».
Preferred
Name—
13,500
6,750
'6,750
6,000
underwriters have agreed to purTrust Co., trustee, respectively,
stock and
common
stock set
Shs. to be purchased
from the Company
Shares
6,000
Total income.— .-I—
•
.
several
company and HeVshey
shares
of
preferred
of
opposite their respective names:
Common
Co.
Gross profit
Other income
Income
<
Schmidt,
reelected. President;
number
of
'
.
$100
$100
7,495
Cubana (inactive).
UNDERWRITERS)—The
'
follows:
12,000
1945
Net sales
$7,604,496
Cost of gpods sold—6,751,184
Selling, gen. & admin, expenses
588,561
Provision for doubtful, accounts
.
66,471
Hershey Corp. owns all the stock (except a total of five directors'
qualifying shares) of Central Carmen. S.A. (a land-holding company)
that approximately $150,000
for certain items ;of machin¬
pay
improvements,
Co._
&
*
None
$100
100pesos
1,000 pesos
k
each
&
Par Value *
150,000
25,000
35,000
400
common
1
income
March
Hershey Corporation (Del.)
Hershey Sugar Sales Corp. (Del.)
Rosarlo Sugar Co. (Cuba)
Compania Azucarera Gomez Mena (Cuba)
Hershey Cuban Railway Co. (Cuba)
Hershey Terminal RR. (Cuba)
—
manufactured.
"Universal."
received
;
$1,674,866
384,188
' '27,764
21,773
be
PROPERTY—Company
securities
No. of Shs.
busi¬
were
trademark
to
Walston, Hoffman & Goodwin
$1,563,963
$1,965,635
.-347,838
and coal
same
years, although at various
rather similar nature, including
the
proceeds
Republic Co. (Inc.)
Ames, Emerich & Co., Inc
G. H. Walker &
,
„
period, the
war
60,000 shs.
1,004,000 shs.
is a holding company, in¬
1,
1J35.
Since
1935 company has
(except 10 directors' qualifying shares) of *
Compania Azucarera Atlahtica del G0L0, a Cuban corporation, and
all the securities of Soledad Trading Corp. (N. Y.).
After
consummation
of
the
agreement with Hershey Trust Co.*
trustee, company will also own all the outstanding securities (except
a
total of 30 directors' qualifying shares) of the following companies,
which
collectively own the Hershey sugar mills, refinery, railroad
and other enterprises in Cuba:
Capital Stock Outstanding
of
Central
1,621;542
110,903
the
for
number
a
products of
domestic
proceeds will be
equipment
class
Bacon,
Jr.. formerly Executive Vice President has been
elected President, succeeding Charles
M. C6hn who has been
re¬
elected Chairman of the board.
Mr. Cohn. formerly
held both offices but requested that he not
ibe
ranges
Except
ranges.
carried
the past other
in
'
$1,855,594
110,041
deductions
William
been
^
Delaware
the
all
owned
stocks
Shares
;
interest; and amortization of
premium
New
or
AND
in
corporated
Chicago-, 111.
gas
has
1,211,104
1,672,887
A —*
BUSINESS
on
date
the present time the
company is engaged in the manufacture and
domestic gas- ranges, including some combination
Paul
5,982,359
980,687
that
Preferred
399,5,38
5,558,229
-
existence since
Outstanding
bO,00u shs.
1,250,000 shs.
(par $100)_
(par $5)
'
$10,067,398 $10,378,970
■-
incorporated in Illinois
stock
*
2,527,966
.
Earnings per
in
wood-burning
each
1945 '
2,376,795
416,223
was
continuous
as
required in connection with the reconversion of the company's plant
to, peacetime operations.
The balance of such net proceeds will be
added to the working capital of the
company.
Con¬
$7,451,465
_
Operating income
Net
in
Authorized
cumul. preferred stock
Common
amended.
It succeeded to a business
1871 by Captain Henry Cribben and
Captain James Sexton.
the manufacturing facilities and'
located
of. the
datpd
$7,274,379
Depreciation and amortization
Other
been
as
60,000
5%
principal offices have
Company is licensed to do business and
of merchandise in public warehouses,
both,, in California, Colorado, Massachusetts, New Jersey, New York,
Oregon, Pennsylvania and Texas.
Company has no subsidiaries,
ery
$42,101,202.—
1946
operating revenues
Gas operating revenues v...
Steam heating operating revenues
as of Dec. 31,
adjusted to give effect as of that date to (a) the issuance
shares of preferred stock, and (b) the issuance of 275,000
additional shares of common stock,—is as follows:
($100 par) into 172,305 new
this change, the aggregate par
outstanding was decreased from
of
$287,175, which amount was
UNDERWRITERS—The names of
preferred and common shares and
Electric
CAPITALIZATION—The capitalization, of the company
1945,
of
times
shares
Consolidated Gas Electric Light & Power Co. of Bait.
<& Subs.) —Earnings—
Gross income
in
;
40*,-
or
from
-
Other income
all
has
charter
the
from
common
By
and
BUSINESS—Company
and
original
amended to authorize
shares
common
PURPOSE—Estimated
parts,
owns
1898,
its
times
that it proposes to file with the
Commission after
plan of Consolidated has been determined, a
foe dissolved and
old
(par
(par $5)
shares then
Company's products
ahd
the recapitalization
plan under Which it will
It is expected that such plan will specify
are
29,
electric
•
Commission
11,487
HISTORY AND
or
Consolidated, 1,012,377 shares
.
preferred shares.
were
net. proceeds
137,500 shares of
preferred shares (par $25), and 250,$5), and to reclassify the issued and
share.
ness
common.
,
20,000 shares of preferred stock and
stock, to t,e purchased by the underwriters
from the company, are to be applied by it, to the extent necessary,
to the cash payment of $6,125,000 required to be made by .it as part
of
the consideration payable 'to Hershey Trust
Co., trustee, under
the- price
alternative (a); any exceos of such net proceeds are to
Be applied to expenses of the acquisition and other corporate purposes;
The
Outstanding
40,000 shs.
178,000 shs.
sale of
Consolidated would then issue to its parent,
Central, in exchange fur
holdings of 68,856 shares of preferred' and" all the outstanding
shares of class A and common stocks of
new
incorporation
issued
At
•
its
Consolidated's
of
the
been
common.
FINANCING
250,000 shs.
of
«
convertible
maintains sales offices
1
.
of
conversion
shares
At
•
common
of
shares
5,208
articles
cumulative
of
founded
•
later.
1945,
a
*
for
common- shares
new
under
...
in
or
20,-1943, the
April
•
public holders of its
.
stock
share
a
PURPOSE—The 30,000 shares of preferred stock and 175,000 shares
common stock now offered form part of
60,000 shares of preferred
and 275,000 shares of common
stock which are being issued
the company for the purpose of acquiring all of the outstanding
(except directors' qualifying shares)
of the corporations
which constitute the Hershey sugar mills, refinery, railroad and other
'enterpriser in Cuba.
The properties are to be acquired for a con¬
sideration, which, at the election of the company, shall in substancb
be cither
(a) 40,000 Shares (par $100) of 5% ^cumulative preferred
.stock and 137,500 shares (par $5) of common stock, and $6,125,000
in cash; or (b) 60,000 shares of preferred stock and 275,000 shares
.of such common, stock.
Acquisition of the Hershey Cuban enterprises
was
approved by the stockholders of. the company March 5, . 1946.
Company has elected price alternative (a), and proposes .to deliver
to- the: trustee o» the closing date, the 40,000 shares of preferred
-stock, 137,500 shares of common" stock and $6,125,000 in cash, and
to provide such cash by the sale to the underwriters of 20,000 shares
of preferred stock and 137,500 shares of common stock.
r
«
On Nov. 30,
1945 the company had 11,500 old common shares (par
$100) authorized, of which
11,487 shares were outstanding. On March
'
-
Consolidated would distribute to the holders of 744 shares of its pre¬
ferred
$26
Curb
will be
securities
1946.
l,
40,4)00 shs.
.
$5)
to
$861,525, a decrease
transferred to paid-in
surplus.
114,119 shares
of preferred stock which were issued in 1932-1933, 10 shares of new
common for each sha.re of preferred or a total of 1,141,190 shares of
common.
(par
$1,148,700
2,158,775 shares of common,
as
March
PRESENT
TO
pfd. shares (par $25)
shares
value
plan provides that Consolidated's presently authorized capital
stock consisting of
400,000 shares of preferred (no par); 1,480,000
shares of class A and 1,000,000 shares of comon, each having a par
from
accrue
EFFECT
common
The
value of $1
1948;
York
by
to
prior
or
March
Authorized
conv.
outstanding
Utility Corp., parent, has filed with the SEC
the recapitalization of its subsidiary, the Con¬
of its recapitalized stock preliminary to
the liquidation of the parent concern.
,
GIVING
before
or
■
OOQ
distribution
a
on
before March
or
on
-Initial dividend will
cum.
0C0 4Vi'/e
.
Public
and
and
*60,607 shares reserved
providing for
plan
solidated
1.
Common
capitalization Plan—
a
and on
thereafter
CAPITALIZATION
.
4V2%
k
Co.—Parent
and
or
redeemed
-
1944.—V. 163, p. 1860.
Gas
thereafter
converted
729,000
New
common'stock
stock
•
l,
on
and Dec.
surplus.
&
if
1,
System companies paid a total of $76,697,000 as wages, sal¬
disability allowances and pensions during 1945, according to
report, a total about $4,000,000 larger than the sum paid In
Electric
share
common
of
1, 1948; $19.50 for each common
or prior to- March 1, 1949; $21.25
1, 1951; $25.50 a share
1, 1954; and $25 a
share if redeemed after March
l, 1954, together with accrued and
unpaid dividends to date of redemption.
Dividends on preferred shares
are
cumulative and are payable
quarterly March l, June 1, Sept. 1
The
Consolidated
prior to March
or
tif redeemed thereafter
.if
aries,
the
on
,
were
dividends
outstanding shares of common stock are
Exchange, and the 275,000 additional
listed on the Exchange, upon official
notice of issuance.
Application has been made to list the preferred
stock on the Exchange.
*
the
on
shares of
1950; $23 for each common share if converted thereafter
prior to March l, 19511 and $25 for each common share if
thereafter and prior to March 1, 1956.
1
Preferred shares are subject to
redemption at option of company as a
whole or in part at any time
upon not less than 30 days' notice at
$26.50 a share if redeemed on or before March
and
local, State and Federal taxes, 24.7 cents to purchase materials
supplies and the remainder to provide for depreciation, interest,
pay
LISTING—The
'listed"
convertible
share: $16.50 for each common share if converted on or
March l, 1947; $17.75 for each common share if converted
each
•
and
'
converted
-25,967 employees on. the payrolls of. the: Consolidated
Edison System companies at the close of 1945, compared with 23,544
at the end of the previous year.
The report attributes. th^s increase
to the
return of employees from military and wartime" leaves and
notes that it .is the
first year since 1936 that there has been an
Increase., in the number of employees over the -preceding year.•
A graphic
portrayal of the average revenue dollar is included in
the report showing that 24 cents went to pay wages, 23.6 cents to
There
•
for the account
per
to
March
the effect of the •close of World War II on'one
of employees in the metropolitan area.
A chart
report shows' that" the average pay of weekly employees of the
the largest groups
in
$25
for
employees.
pamphlet shows
The
of
for the account
are
are
and. common shares is Chicago
Registrar for both issues is First National
share if converted thereafter and on
annual
Of the
.
cumulative
thereafter and
Annual Report to Employees—
Issues
share
a
preferred
Chicago,
4 '/a %
prior
;
The
shares
pre¬
preferred shares are convertible,
at the option of the
holder, at any'time prior to March 1, 1956, into
common shares at
following conversion prices, taking preferred shares
10.9$.
increase of
an
-Th£
r-
the corresponding week of 1945, an increase' of 11.5$.
distribution of electricity amounted to 179,700,000 kwh., com¬
pared
kwh.
5,695 shares
of the
1287.
p.
31, 1957; at' $104 per share, if redeemed after Dec. 31, 1957;
plus accrued dividends in each case.' Sinking fund for preferred
stock, commencing with 1947', of 10% oi u.e excess of consolidated
met
earnings of the- preceding fiscal year : over dividends on the
preferred stock.
The sinking fund is to be used to retire stock by
purchase, or by redemption, at the foiiuwh,g redemption prices, plus
accrued dividends: $106 per share, if redeemed on or before Dec. 31,
1948; $105.50 per share, if redeemed thereafter and on or before
Dec 31, 1951; $105 per share, if redeemed thereafter and on or before
Dec. 31,
1954; $104.50 per share if redeemed thereafter and on or
"before Dec. 31, 1957; $104 per share, if redeemed after Dec. 31, 1957.
Transfer
agent,
Chase National Bank of New York. Registrar,
'Guaranty Trust Co., New York.
common stock
priced at $25
$13.50 aj share.
common at
shares offered
common
■Dec.
——
- .
•Cr21,238
350,000
$2,239,227, $3,724,514
$899,224
-V.
*
Tf.no
niLf a3mJivfe' yeays and *are being "continued'this year
v
he total Plant budget of East Ohio for 1946 is
i«o
■
lb3, p.
1724.
;
■
.
-
,
.
to its utility
$11,236,000.—
*
part, payment for certain assets of the
properties.
1 ;* \
t
.
1
'
The
-
Consolidated
SaTP(?lod End>
^
v-
Davidson Brothers, Inc.—Registers with SEG—
*
Retail Stores, Inc.—Sales Rise—
Mar, 31—:
ib3, p. 1280. M v;"
Z-
1946—3 Mos.—1945
1946—Month—1945
$3,167,527
'
.
i
.
$2,809,821
.
.
I
-
»
$7,734,848
$6,547,733
.
.
.
or
stock
is
general debhrtment and apparel stores in
in Muskegon, Mich.,, filed a registration
the Securities and Exchange Commission
covering 100,000 shares of common stock (par $1).
.The. common stock is coming. from certain members of the David¬
son
family; therefore none of the proceeds from the sale will go
to the company; I Upon' completion1 of the sale, the Davidson family
will hold a substantial amount of the common stock..
.
Company,- operating
Detroit
•
1
redeemable, other than from sinking fund,
any time on not less than 30 davs' rioticfc, at
$103 per share, if redeemed on or before D0c.'31, 1948; at $f07
per share, if redeemed thereafter and on or before Dec. 31,
1951;
at $106 pgr share, if redeemed, thereafter and an of befare Dec'. 31,
1954; at $105 per share," if redeemed thereafter, and on of before
preferred
in* whole
.
...
Hershey Cuban
L
.
in part at
-
•
and
statement
—
.Merrill
are
suburbs
April' 10
11
and
one
with
J
Lynch, Pierce,- Fenner &- Beane. and -Baker, Simonds & Co.
the principal' underwriters.-^-V. 162, p. nee.
named
THE COMMERCIAL & FINANCIAL CHRONICLE
Period End. March 31—
to vote on
pile
tifJt
hSenture
the
Sir ISi
'^T^mnanv
the
m
controlled through 100S common stock ownership
Electric Corp., which proposes soon to dispose
part of its plan to retain only natural gas properties
stock
of
the
Dayton
;
will be opened about May 20.
open
for a 14-day period,
program contemplates bids
to
stockholders will remain
offer
ending approximately
June
Co.; to the common
underwriting of that offer
an
The present
The
Light
Power ana
4.
.
The
price at which the Dayton stock will be offered to Columbia
stockholders will be determined as the result of the bidding among
<
the competing
stockholders
underwriting groups.
will
be
purchased
same
by
price
Delaware,
Lackwanna
Ready—
Western
&
/
.
first
and
week
Increased Shares—
dividend of 25 cents per share on
a
payable
April
to
30
15 and
Proposed—
will
distributed
be
to
stockholders.
Phoenix
General
f
refunding mortgage 5%
and
of
the
Burr &
of
of
Co., Inc.,
preferred
aggregate
an
par
behalf of the group which offered 50,000 shares
on
stock,
ofiering has
163, p. 1861.
the
announces
the bcoks closed.—See
and
Quarter Ended Jan.
earnings
Earnings per
(1) to issue not
exceeding $9,626,900 of first mortgage 2%% bonds, series B, to be
sold at 100.325 and accrued interest and the
proceeds applied, with
other funds, to the redemption of a like amount of
outstanding first
mortgage 4% bonds, series A; and (2) to procure the authentication
and delivers' of not exceeding
$1,000,000 of first mortgage 2%% bonds,
series B, to be exchanged for a like amount of first
mortgage, 4%
series A, bonds now in the
treasury.
The report of the Commission states:
The applicant sent invitations to bid
ment
firms, banks,
the interest
rate
and
to
company
for
the
bonds
to
102
also
V.
been
oversubscribed
cost
average
reflected
proceeds to the applicant
this
on
basis will
for
that
expenses
the new
judgment
closed
of
the Government
?! "This
said.
brings
to
consolidated
conclusion
of
one
the
corporations
were
the
Diamond
Match
Co.
special
in Federal income
of
Depreciation
in
Match
Frederick
New
Co.
assured
kfet;
Swedish
Match
all but
was
given
a
small
mar-
company.
It directed the William
Gordon
ing company of William A.
tv
ve
j
Diamond
to
stock
grant
.
"
royalty-free
3^5il*fted
issuance
match
patents
r05l iiy
it held
no
such
All
the
ernment
s
for
on
issuance
the
i be affected in
"Instead of
w,th
any
debt
discount
their
way."'
similar
use
of
its
re¬
match
-
under
-————.
requirements
4&%
on
Period End. March 31-*-
Balance before State
on dividends
pfd. stock———-
FOR
12
$3,179,351
$3,339,891
stock-
taxes
EEARNINGS
$2,070,622
Provision
and
for
income
special
tion
in
$8.93
denying
the Gov¬
decree in or-
businesses, which, they asserted, would
and
excess
profits
s
'
»654
-10,441
4,135
4
J
a^v
of
y
Interest
taxes
Net
Boat
Co.—Plans
stockholders
common
as
$51.25
on
4&%
prior, pref.
Maintenance
revenues—
Non-oper. inc.—Net
Retire,
Int.
on
and
provide 173,932 shares of
the
preferred for this purpose-.
The $3 par common, of which
there are
now
800,000 shares authorized, will be increased to
1.000.000 shares
There
are
$3,154,216
1,108,729
$2,045,487
,$5.47
,«*.
...
$8.38
.
Subs.)—Earnings-
—
$233,314
25,994
,
695,725
$312,129
•
324,316
shares
common
The
the
treasury
preferred
common
In
$259,309
61,800
36,173
$2,822,302
246
70
$2,390,851
t: >
25,718
61,800
741,600
306,385
$2,697,236
: 738,680
431,930
$215,164
$161,265
Preferred dividend deduc. B. V. G. &
E. Co
$1,623,054
Balance
Applicable to minority interest
$1,545,402
•!
'
to
stock
now
outstanding
shares.
would
The
for
be
and
the
company
additional
200,000
requirements
conversion
cover
and
shares
the
au¬
general corporate purposes.
distributed
stockholders, of whom
there
are
a
stock
over
5,000.
as
.announcing the preferred stock dividend proposal.
President, said the directors deemed
it
advisable
to
pany's strong surplus position to enable the
dividend
L.
Y.
retain
to
Spear
the
com¬
comoany to develop ad¬
ditional peacetime commercial lines
of activity.
"At the same time ''
he said,
"the board of
directors recognizes that the
stockholders
should have the greatest
possible degree of assurance with
respect
to the payment of
dividends.
Both cf these considerations
be
can
served by
capitalizing a substantial part of the earned
surplus into
preferred stock for issue as a stock dividend
to the common stock¬
holders."—V. 162, p. 878.
Electromaster, Inc.—Stock Offered—S.
R. Livingstone
Mercier, McDowell & Dolphyn of Detroit and
associates on April 9 offered
200,000 shares of common
stock (par $1) at
$4,375 per share to the public. Other
& Co. and
Blosser, and Herrick, Wad-
Co., Inc.
Detroit
Trust
PURPOSE—Net proceeds
tioned among the
Co.,
Detroit.
(approximately
Registrar,
$726,912)
will
1946
and
1947
National
be
following four purposes in the following
priority and in approximately the
following amounts:
(1) Construction of an addition to
company's new plant at
Mt. Clemens,
adding approximately 50,000 square feet of
floor space
1 '
^
'
*
'4*
(2): Cost of moving
machinery and equipment to the newplant at Mt. Clements
(3) Purchase of additional
equipment to be acquired during
$300,000
30,000'
;
CAPITALIZATION
As
of
Dec.
GIVING
EFFECT
As
of
THIS
200,000
196,912
FINANCING
Authorized Outstanding
($1 par)
31.
Dec.
TO
appor¬
order of
Balance of proceeds to be added to
working capital:.-
31,
600,000
1,000,000
1945,
capitalization
consisted of
200,000
authorized
$350,000.
1946
capitalization consisted of 200,000 authorized
stock,
($1 par), all of which was outstanding.
On Jan. 25,
1946, the shareholders authorized an increase in the
authorized capital from 200,000
shares ($1 par) to *1,000,000 shares
($1 par).
On Jan. 25, 1946, the
directors authorized the issuance
shares
of
common
200,000
shares
to shareholders of record
Feb. 14, 1946, upon the
additional share for each share
outstanding, and directed
of
$200,000 be charged against the capital surplus!
of the
company and transferred to the
company's capital stock account.
that
one
the
sum
&
Sept. 28, 1929.
and
BUSINESS—Company
other
electrical
incorporated
was
Business is the manuiacture
heaters, electric tea kettles
water
appliances
auu
oaze
with
an
in
Michigan
of electric ranges,
automatic
safety
and accessories.
:'1(
i
>1
.
■
V-
„
77,652
442,516
$1,497,975
•
77,652
...
,Z,~„
Balance available for
dicidends and
1424.
su
Corp.,
continue
has
this
method
of sales
73
to
of
sales
and
distributors
wholesale
appliance
distribution, but with a large
dealers.
Currently the com¬
and
distributors
covering all 48 states,
exclusively, and these distnouvill handle Electromaster
products.
In addition,
the company has made arrangements
J"
several large national
merchandisers to sell the' company's product
handling Electromaster
under
6000
over
:
their
Prior
to
several
the
electric ranges
retail
dealers
private,brand
who
names.,.
.
.
the company, whic
of 1941, electric ranges and pa1
70% of its total sales, and during
manufacture of
war
products by
commenced in the latter part
therefor constituted at least
year
17%
1941, of the company's total electric range sales, approximate
was
for Army, Navy and other
governmetal housing Purp°. ci
manufacturing facilities of the company during the w-ar
PeJ
were devoted
Cljr
liU
VUC
exclusively to the |JIUUUVV1VU of bombs, bomb cmproduction VI
and other war
products, except that the manufacture of service \>
The
$1,399,541
for
$1,521,931
'224,622
$1,399,541
sold
/ 213,004
Total
interest
to
pany
wuiwwtu
Non-subsidiary income
Nash-Kelvinator
company's products have for the most part been sold to and
distributed by public utilities in various
parts of the country,
balance having been sold to
distributors and dealers. Company
e?Pec
'
-18,065
to
relatively minor amount.
The
$1,521,931
not
and
service ana repair
parts have been made
the aggregate dollar
volume being of
$1,420,323
20,781
.
Applicable to E. U. A.-——
taxes
April 1937 to July 1945, Nash-Kelvinator
Corp. owned the
controlling interest in the company
through the ownership of ap¬
proximately 55% of the company's
stock.However, in July 1945<
Nash-Kelvinator Corp. sold all of its stock in the
company and is now
in open competition with
the company. During the period from 1937
to, 1940,, the company sold
electric .ranges to ^Nash-Kelvinator Corp.
in
the following
aggregate
amounts;
w
1938, o9,3w.
1939, $12,002; 1940, $6,096.
Subsequent to 1940, shipments of only
23.470
EASTERN UTILITIES
ASSOCIATES— ! ''
' V
Earnings of subs, (as shown above)
ZL—
—V. 163, p.
104,275
authorized
.tors .have
34,918
"
amortisation—
Expenses,
its
be
percentage
$2,497,986
'
—
Balance
*■»'•
in
would
device
$3,136,932
dividends
$285,557
26,572
res. accruals
and
to
stated value of
$50
first five years
a
thereatfer.
2,453,043
-
Taxes, incl. inc. taxes-
Balance
distributed
dividend.
per
electric
1946—Month—1945
1946—12 Mos.—1945
$1,111,202
$1,034,877 $11,954,167 $11,632,277
583,281.,
571,236
6,915,729
6,921,405
39,893., 4l. ■ 51,982
;
654,763
566,805
202,471
178,343
1,885,688
1,753,215
revenues
oper.
Preferred
It would be no par, cumulative as
to
dividend of
annum, and would be convertible at the rate of one
share of
for each share of preferred.It is proposed to
distribute the
stock dividend in preferred on the basis of
one share of
preferred for
each four shares of common and to
$2
4,595,526
5,448,925
$4,245,661*
1,108,729
stock—
Eastern Utilities Associates (&
Period End. Feb. 28—
Net
in
common
2,178,481
Balance before state.taxes
~
stock
a
Under the plan, the preferred stock would have
share and would be callable at $52.50 for the
HISTORY
—
Earned per share of
preferred stock
—V. 163, p. 1424.
-v"
Operating
.Operation
Distribution
From
income
Dividend require,
t
-
si.
April 4 voted to recommend to the
stockholders for
action at the annual
meeting (at the present time schedwel
for Mav
15) the creation of an issue of preferred stock to
be
4,643,840
debt discount
an
1945
2,994,798
—194
$11 HI7
•
The directors on
reduc¬
taxes
...
participating in any cartel," the
Diamond company's
statement said, "we
consistently iought the late Ivar
Kreuger's connivings for a world monopoly,
including the American market
V. 162. P. 2816.
%
,
mU
comuar^
thousand
1946—Month—1945 ^ 1946—3 Mos
1425.
Electric
of
*
$14,062,780 $15,651,710
Depreciation and depletion
+
to the
2.3
Amoun^^ptT
67,538
100,319
$5,058,118 * $5,599,274 $12,555,967
163, p.
basis of
——*
income
$5.53
MONTHS ENDED JAN. 31
charges equal to unusual
Federal
1,108,729
1946
Total consolidated income
<>
tfce United
165,464
Stock—
2,421,745
$4j448,620
1,108,729
—-—
prior pref.
...
to market it in
-,225
1945
164,810
57,097
104,454
Co._l
Light
Sales
—V.
$5,601,096
exist¬
to produce "ever-
&
1946
from Detroit Bank in
the amount of
Miscell. deductions
of
Power
Common stock
Earned per share of 6%
di-
Diamond company said that
try to be fir$t
$6,570,801
2,122,181
—
—
personal hold¬
licenses at "a
inventions conceived
principal defendants Issued
statements
charges and saying that they consented
°n
•
the
last provision, the
patent and if it knei**
on
a
of royalty-free licenses
and
under patents
gjfctel development" it would
v;
licenses
***** 0 ali aPPllcauts desiring
matches "
Commenting
:.
as
-
re-ignltable
Siting
Corp., described
Fairburn, and the B-F-D company to
in the Ohio and Lion companies, and
patents.
ing
„
.15]
Edison Bros. Stores, Inc.—March Sales Off—
4,579,416
5,456,991
American
quota, 45% of the
x&Msiness in the United
Kingdom, the entire European market and
India; Bryant & May,
largest English producers, reserved 55% of the
business in the United
Kingdom and all of the business in the rest of
jthe British
Empire, while other world markets were
divided between
Swedish Match and
Bryant & May.
.vibe decree just signed ordered
dissolution of the ailegel FairburnKreuger agreements and ordered {he
Diamond company, under cer¬
tain conditions, to make
matches available for
export, but not through
the Swedish
quired
2,731,426
4,545,105
.
minor portion of the American
a
oj,
^0,336
NOTE—The above figures do not include the
system inputs
companies not appearing in both periods.—V.
163, p. 1725.
(4)
reductions
—-—~
depletion
Net income
Div.
Atterberg of New York,
complaint alleged that the cartel was formed
40
by dominant American, Swedish and
British producers, that
key agreements were reached
by Mr. Fairburn and the late Ivar
former head of the
Swedish Match Co., in .1920 and
1929,
pat the same division Of markers was to continue after.th^e, war.
Under those
agreements, the Government asserted, the American
producers were
?
•
and
,
and
«
'•
1946
1945
$13,847,332 $15,637,503
Balance
ago
•
taxes
unusual
and
Interest and
individual defendants were
William A. Fairburn of
Ojai, Calif.,
President, and Howard F. Holman of
Mahwah, N. J., Vice-President
.amo
company; Robert G. Fairburn of New York, son of
William A
and President of
B-F-D; Paul B. Lind, of New York,
President of New York
The Government
to
profits
taxes
company.
Trans-American,
"i?r
excess
charges equal
•'
Associates—Earnings—
income
and
Clark
^Uiam Gord6n Cerp. of New York, which holds stock in
and Lion companies; Swedish Match Co.
of Jonkopings, Sweden, the world's largest
producer; Trans-American Match
Corp. and New York Match Co. of New
York, described as American
agents of the Swedish
income
cartel
major
$0.17
:
.
for
successful
a
Eastern Gas & Fuel
12 Months Ended Feb. 28—
the B-F-D, Ohio
years
$0.28
»'
York, Universal Match Corp. of St.
Louis, Ohio Match Co. of New
York, B-F-D Co. of New York and Lion
Match Co. of New
York, the
five largest domestic
producers.
President of
38,974
.
.
Prov.
markets
3 The defendant
;
1945
$1,095,000
62,786
■■
'
matches, to restrict production, or to fix
prices of matches, match
machinery and chemicals. The judgment should
open the industry to
any one desiring to produce matches."
I
1946
taxes
162, p. 3071.
Total
by the department," Attorney General Tom C.
defendants are forbidden to divide world
"The
—V.
admission of unlawful activities.
an
97,121
Prf
13,765
-Decrease.
dell &
$1,253,396
charges and the Government stipulated that
as
—IncreaseAmount
u
165,493
66,774
99,346
Power & Light Corp._.
Power & Light Co
Transfer
agent,
Bank, Detroit.
sales
Net profit after all charges and
Earned per share
trial, the defendants admitted
instituted
cases
Net
a
a
es
.
and
kilowatt-homs)0
1945
-
>ent
Corn
T
members of the
underwriting group are: Buckley Bros.,
Courts & Co. and Straus &
Corp.—Earnings—
6 Months Ended Jan. 31—
1,
the decree was not to be taken
;
production lag caused
a
were
In accepting the judgment without
none
lack of orders but resulted from
no
Duro Test
civil Suit brought by the Department of
1944, against nine companies and five individuals,
parties to international controls over the manu¬
and distribution of matches.
facture
>5
$1.16
NOTE—'For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
payable on the sale of
$773,228, giving total estimated savings of
Samuel Mandelbaum of the United States District
Court for the Southern District of New
York, on April 9 signed a
consent decree in an anti-trust
suit which, the Government asserted,
ended the American
operations of a worldwide match cartel.
The
S1.62
be in a piecemeal fashion
through the balance of this fiscal year,
then our large backlog of orders and our modern and efficient
plants
and our many new products should result in
greatly improved earnings
for the shareholders in the
coming years."—V. 163, p. 778.
Judge
charging they
——
a
annum from April
l, 1946, to June 1, 1946, $44,119, re¬
premium on the series A bonds,
$721,950, and incidental
of $38,444, less the premium to be
Justice-'on May
share
the Government permit us to pass on to the
buyers of our
a
sufficient share of our increased costs to enable us to
fair profit for our shareholders?
"If the answer to that question is
favorable, and we believe it will
Diamond Match Co.—Consent Decree
Signed—
Federal
,
1944
$388,643
"Will
period,
bonds, $31,285. or
$1,165,727.—V. 163, p. 1861.
of
56,438
thorized balance would remain
per
demption
1945
$735,123
1946
-$516,574
Nil
products
$5,213,445, the interest to be payable on the
for the same period,
giving effect in both cases to bonds
to be retired through
operation of the sinking funds, resulting in a
gross saving of $1,938,955.
From this has been deducted a total of
$804,513, representing duplicate interest on the series B bonds at
2%%
1946
151,728
has
earn
bonds
new
of—
of
Cli
subsicw
i("
corresnn,J,
(in thousands
&
Commenting on the current situation, H. N. Mallon, President of
Dresser, says in the letter:
"We are now securing materials and supplies in increasing quantities.
If the country settles down once more to
steady production, we will
soon be able
again to build up operations and output to levels com¬
mensurate with the capacities of our plants.
But volume, as things
stand today, is no longer an assurance of a profit
margin.
"At this moment, the profit outlook for Dresser
Industries, Inc. lies
chiefly in the hands of OPA.
invest¬
insurance
the
of
follows
as
by materials shortages due largely to strikes, plus the squeeze between
mounting costs and fixed ceiling prices.
be approximately 2.73% per annum.
The saving to be
accomplished by the proposed refinancing from
April 1, 1946, the closing date for the delivery of the new bonds, to
Jan. 1, 1967, the date of
maturity of the outstanding bonds, Is esti¬
mated at $1,165,727.
This figure was determined by deducting from
$7,152,400, the interest which would be payable on the outstanding
bonds
31—
cLoss.
bids were received, the most favorable of which was that of Shields &
Co., as representative of a group of ten firms.
Their offer to pur¬
chase, severally, and not jointly, at 100.325 and accrued interest, bonds
bearing interest at the rate of 2%#? per annum has been accepted.
The
are
week ended
American
Electric
the
of
orders
of
over
Stressing
the
company's
current
backlog
$30,000,000, the highest peacetime figure in the company's history, the
Quarterly letter to stockholders points out that first quarter losses
companies, the bidder to designate
borne by the bonds.
In response thereto, four
be
which
Decrease.
National
a
authorized
26
were
Operating Subsidiaries of—
preferred and class A stock will retain tneir
preferred holders of. Phoenix will receive preferred
the
Domestic
Net
March
Inc.,
..
The
Doyle Manufacturing Corp.—Stock Oversubscribed—
Detroit, Toledo & Ironton RR.—Bonds Authorized—
on
Services
Co., Electric Power &
Light
Co., as compared with the
Light
subsidiaries
Power
4,^ 1946 the System inputs
Light
March 28, 1946 the System
inputs as
corresponding week during 1945 were as follows (in
kilowatt-hours):
of
Dresser Industries, Inc.—Earnings—
ICC
Ebasco
Light Co
Electric Power & Light Corp
National Power & Light Co
Domestic
of
&
during 1945
Operating
April
of
&
with the
on
value substantially equal to
the liquidation preference of their present preferred holdings, accord¬
ing to Mr. Wills.
The preferred shares received by Phoenix holders
will be minus conversion rights.—V. 162, p. 2399
bonds, series C (New
York, Lackawanna and Western Division), due May 1, 1973, are
now
available
for delivery
at the City Bank Farmers Trust Co.,
trustee, 22 William St., New York, N. Y., upon surrender of outstanding
temporary bonds in exchange.—V. 163, p. 1724.
The
Power
American
Sept. 15.—V. 163, p. 1281.
Vice-President,
Steinmetz,
ended
Power
_
shares
stock
RR.—Definitive
t
^
Definitive
S.
holders
successful
the
underwriting group.-—V. 163, p. 1423.
Bonds
June
on
securities
The shares not taken by Columbia
the
at
on
week
companies
American
National
April 7 announced that a plan
for the merger of the General Phoenix Corporation into
Domestic
Industries, Inc., will be presented soon to stockholders.
Under the terms of the proposal, each share of the class A stock
of General Phoenix would be exchanged for 5 yh shares of the class a
stock of Domestic.
Each share of General Phoenix common will be
exchanged for 5% shares of class B stock of Domestic Industries.
All of the latter stock was acquired by General Phoenix Corp. in we
latter part of 1945, according to F. Reed Wills, President of
Phoenix,
who added that under the terms of tie merger Domestic Industries
will change its name though continuing as a corporation and
its
The Columbia Gas & Electric Corp. proposes to file an application
with the Securities and
Exchange Commission for authority to offer the
stockholders of Columbia aud to obtain
by competitive bidding.
;;
-
Domestic Industries, Inc.—Merger
•'
;
common
of
For the
Common—
Columbia Gas to Offer Dayton Power
'
•
operating
$7,623,947
~
made
E.
.
,,
Pay 25 Cents
stock,
common
&
of the Utility Holding Company Act.
V
the
For
/j#
$8,674,711
$1,119,466
the
holders of April 20.
This is equivalent to 50 cents per share on the old common stock
which was recently split-up on a two-for-one basis and on which 25
cents was paid on Jan. 31.
In 1945, payments of 25 cents each were
increased
is
f iS stMk a^
?n mitilig tcSm
:
The directors have declared
dividends on the stock; and
relating to the preferred stock
provisions
1424.
Divco Corp.—To
event
conseat of holders of two-Uurds of
tias
v
directors
163, p.
1946—Month—1945
*
$1,040,527
-v
—
.
,
of four quarterly
Davment
in
°£
of
board
.
—V.
for preferred stock¬
<1)
would provide
amendments
*«««:
Dropored
proposea
The
1
Sales
for April 30
called
of stockholders has been
amending the company s charter.
meeting
7.1%—
Diana Stores Corp.—March Sales Off
Co.—Plans Charter Aniend-
& Light
Dayton Power
Monday, April 15, 1946
$1,746,553
157,704
$1,612,545
151,449
$1,588,849
$1,461,095
its
CALAUulV
peacetime
during
products
the. war
was
period
continued.
heavy
duty*
It
also
manufactured
commercial
type
'
eiet
ranges, ovens and other cooking equipment used by the Army,
and Maritime Commission.
Upon the termination of the wa^
r01ilcompany's principal war production contracts were terminated.
^
pany has since settled with and tfaid in full all its sub-contrac
••
Company has adjusted and settled its contract termination cl-i
the amount of $728,974 with the War
Department, Chemical w a
Service, and payment in full has been made to the companj.
termination claims of the company against various governm
f.j
THE COMMERCIAL
Number 4481
163
Volume
&
FINANCIAL CHRONICLE
200S
It was added that the directors are expected to establish a quar* terly dividend rate of 10 cents a common share on the new stock
in effect, raising, the rate from the present $1 a year
to $1.60 annual r$te.—V. 163, p. 1565.
.
se
livable
boiks of account as of Dec. 31, 1945.
nany's
listing—Company has agreed to make application to
outstanding shares on th^ ^ew York Curb Exchange.
INCOME STATEMENT YEARS ENDED DEC. 31
\
:V*.
•
—
—
Shm? leneraSl°& adminTexpensesZ
accounts
Selling, gen
1QA/l
324,711
1108
2071695
4:210 990
$400 414
EKss
Excess
profits tax
orofit
Mpt
Dividends
nf
of
55,'lOO
55^000
25,650
209,000
$125,686
$197,946
45,000
58,682
48,902
,
-
—
—
^ expected that Northbound flights will
1281.
carry
®jJL
fruits, vegetables,
.
.
..
,
.
directors whose
other
_
Bids
Erie RR.— Asks
company'
returnable April
bids,
inviting
is
R
the
on $1,890,<K)o of
cost of 100 50-ton
15,
E. Woodruff, President, announced
to start May 15.
Chicago,
& Foundry Co. at
Delivery of
recently.
is expected
cars
publicly
of indebtedness under a
conditional sale
dated April 1, 1946, to
mature
quarterly over a period of ten years.
The issue and sale
of
the
notes
are
subject to approval by the Interstate Commerce
notes
be issued as evidence
agreement end are to be
to
are
freight
1,400
covering
represents the final financing
which were ordered by the Erie in 1945.
cars
^ snares OI
Cumulative preferred stock (no
par; WmcD was sold privately to 13 institutions, netting
_ TairTvr,
New York Stock Exchange,
<fc
Patterson
The
in Rockland County, N. Y.
controls the Ramapo through ownership of its
RR.
Erie
The
Passaic and Bergen Counties,
operates in
Ramapo
mereC
the Union
and
J.,
aJ!1
capi-
announced that after filing an amendihent to the company's certificate of incorporation with the Secretary
of the State of Illinois,- to make effective a proposed common stock
split on a-three-for-two basis, the said distribution woilld be made
to holders oi record April 9. 1946, on .a date to he announced.
f
^
Jayne,
wutred H.
Vice-Chancellor
cheese,
TrenLfS^
w.
at
.
J
j.,
at Trenton,
Jr<»
„
of Shick
with Eversharp, Inc., maker of pencils and pens.
Mr. Jayne reserved-decision on
the fairness of the stock arrange- •
ments
proposed under the merger plan until final hearings which
will be set upon
further application of the razor company.
Five
Canadian
securities
companies,
headed by the Imperial Trust of
Montreal,
protested: that their holdings of approximately 8%
of
Magazine common stock would be impaired by the proposed merger. - »
Mr.
Jayne said New Jersey statutes confine merger authorization
to those
companies organized "for the purpose of carrying'on any
kind of business of the same or a similar nature."—V. 163, p. 1564.
Injector
razors,
~
;
^
/
1
'
■
■
;
-
-
..*■
Airpkne Corp.—Postpones Annual
Fairchikl Engine &
\
Meeting—
•
.
„
,,
.
.
^nnAttnAAfi
announced dn
President,
Wardr Jr.,
Carlton
-■
v
.
a
ct/wvv
fA
to stoc
lettei
-
on April 10 that the annual meeting will be postponed from its
regularly scheduled date of April 24.
.
1,
Postponement was found necessary because of unusual accounting
problems arising in connection with (1) -the conversion of a costplus-a-fixed-fee to fixed price of a large government contract which
holders
recent settlement with the government covering
V-i Day from another aircraft manufacturer, and '(3settlement of terminated Contracts and subcontracts.
These problems, Mr. Ward indicated, prevent the corporation from
preparing financial statements that adequately reflect-the results of
operations- during the last fiscal year in time"-for the regular date
of the
meetings Stockholders will be advised as soon as possible of
is still
in'-force,! (2)
materials
a
taken over
after
£Cfl0vr^3Tl7Th'1S, eXPeCted t0 be
iej, p. 1/25.
uence.—v.
:
'4;—?
Farnsworth
_
.
90 dlyS
v
_
.
Radio Corp., Fort T/yayne,
Ind.—New Public Relations Director—
'
A
Television
*'
&
v •
«'
v.
Paul J.. Boxell
ta
as Director of
A. Nicholas, President.
.
Mr. Boxell succeeds Captain Pierre Boucheron,
Appointment ;of
been
announced
Fort Wayne.—V. 163, p.
i.ti,
the
'I
proceeds
the
be
to
received
*1__
from
the
200,000
sale
of
rLTViNO effect to
ppfqfwt
CAPITALIZATION, GIVING EFPECT ^PRESENT
ptnta
the board of
,
_
EFFECT
1945
Cost
income
products
accts., less
100.000 shs.
dealers,
contractors, retail, outlets, indusgovernmental agencies, transportation
manufacturers,
u
j
.
j
UNDERWRITERS—The several underwriters have agreed to purchase the number of shares oi additional common stock set after their
respective names:
alNoolNo'
T
,
Shares
,
,
u
2,500
2,500
fnnn
Ladenburg, Thalmann &
Co
Laurence M. Marks & Co.
Merrill Lynch, Pierce,
Aie?' BreoCw„r & Ions""::: l:SSo
«
.
for
Profit
Federal taxes
5,000
Pal^Wefberf jic1ion-&
L. F. Rothschild & Co.
Graham, Parsons & co.__
5,000
Schwabacher & Co.
Curtis
A
M
- 2(50o
Kidder & Co
2,500
Smith, Barney & Co
Stroud & Co., Inc.——
3,000
3,000.
Hemphill, Noyes & Co.
Hornblower & Weeks
Swiss American Corp.—_
G
•
"5 °
14,000
2,500
Shields & Co
I. M. Simon & Co
Granbery, Marache & Lord
3,000
Hallgarten & Co.
—14,000
70,998
31,875
310,331
377,415
recov.
30,070,067
4,140,730
4,045,377
Crl07,537
320,911
Cr76,468
118,947
49,670
$5,573,295
$5,220,498
3,700,000
4,190,000
4,359,548
$1,873,295
$2,005,203
$2,387,841
-
to
1942
125,000
$6,747,389
$6,195,203
income
on
Net profit
^Return
7,676
■
♦Cr243,904
taxes__
(est.)
income
of
unused
balance
of
Feb. 27;
on
in
"
The
provided
reserve
V•:
!
e<>Po»««nr
H Walker & Co
7,500
2,500
7,500
3,000
2,500
2 500
T897;>;^-,A
States.
is
the
The
-
j:
■
incorporated, in Michigan
was
largest
business
''
■
iiffr;
suance, making
««.««.
.77R8ofV^e^Ba^ruptcPr°Mt"pi"
Bankruptcy
the total amount applied for 1,210,539 shares.—V. 163,
- -
•
■
■
Food.Fate.Stores, Ittc^-Volume. at: New High—Divi-
dend Increase Expected—
amended, an order pro-
Act,, as
Exchange has-authorized the listing of 150,000
-;
'
>
:
manufacturer
done
of truck-trailers in the*
incorporation b.v the com¬
primarily of the manufacture, assince
and its subsidiaries consists
sembly, sale. fmd distribution,7 of truck-trailers, part*, and accessories
thereforIn order to meet the diverse, -requirements of different
-
customei-s
the company produces truck-trailers in numerous body and
chassis' designs' With -widely varying load capacities.
The more* im»
types of such trailers include .vam refrigerator, tank,, and
portant
heavy duty flat deck (carryall) trailers.
Company and its subsidiaries:
sell both new and used truck-trailers, the1 used trailer business
being
limited- primarily to
the sale of repossessed trailers "and trailers:
accepted as part payment in connection with the sale of the prod¬
ucts of the company.and its subsidiaries.
1
? '"
'
':
"4 '
The
the
Mich.,
products,
A
few
portion:
large
a
component
Manufacturing
and
parts
assembly
of the component parts
purchased readv for
are
oerations
carried
are
or
operated by the company Iocs ted at Detroit,
Ind., Omaha, Neb., and Kansas City, Kan., and
plants of its subsidiaries owned or operated by Fruehauf
Co.
of Calif.,
Fruehauf Trailer Co. of Canada, Ltd., and
Trailer
Wayne,
Springfield Trailer' Co.
A plant at ;* Cedar Rapids, Iowa,
certain parts for use in the manufacture of truck-trailers
therefor.
cessories
'
*'
-
-
'<•'
' fu
^
UNDERWRITERS—^The
of
number
shares
of
names
the
of
the
preferred
Brothers
15,000
Allyn and Co,; Incil^.
4,000
&* Co.—>-i.:--ii.-. ' 2,000
Bacon, Whipple & Co
^
A. G.' Becker & Co., Inc.--
2,000,
Blylh
—
-
-
-
Co.,
-
4000
several
stock
respectively-have agreed to purchase,
Watling. Lerchen & Co^-;_ 10, OOOf
A. C.
are as
a
processes:
and
and
the
a"
underwriters
which
Ac¬
;
the
Underwriters
follows:
..
; Kidder, Peabody & ,Co,—8,500
Merrill Lynch., Fierce,1
*«.
•
Fenner. $c, peane,
,
4,000
F. S. Moseley & Co;..._x.
7,000
Paine, Webber, Jackson &
; ^vcurtii^tf^iaiii
.^,4-4.000
.
Inc.—___—
8,500
Reynolds & Co._
H. F. Boynton & Co., Inc._
2,000
Riter «Sc
First of
Michigan Corp.—
Goldman, Sachs & Co.——
6,000
8,500
ShieldsVdt
Hallgarten & Co
<r—
4,000
Union, Securities Corp,-^-.
Weeks——
4,000
Wertheim
&
Hornblower
Kebbon.
—V.
on
plants owned
Fort
the
in
manufactures
company
its
&
McCormlck
163,
p.
&
Co.
I.
4,000
.
Co.
2,000
-4,000
M. Simon ft Co.-—2,000
&
Co
8.500
4,000
—
7,000
1863.
v
M
i
-
•
W.
■
.
Fyr-Fyter Co.—Acquisition—
additional shares of common stock (no par) on official notice of is-
'
enrnhr#tion
1941;
in
1918f as successor to 'a, business established ,by}August C.
company
United
Listing of Additional Common Stock—
The New York Stcck
3,542,295
$1,678,203*
longer required.
no
Fruehauf
Bache
5,000
Merle-Smith
&
-
49,742,508
-
contlngenciesbefore
Lehman
7,500
3,000
Dominick & Dominick
Dick
5,884,574
pany
companies and public utilities.
Lehman Brothers.--A. C. Allyruand Co. Inc.—
Bacon, Whipple & Co.—
«'
trnsA i
57,546,542
6,806,942
expense y:
Other deductions*
in
t
;
&
gen.
Interest
Prov.
7?
Z-1-
-
-
v'7, 1942
1943
-
doubtful notes
for
Prov.
1944
:
59,345,886
admin.,
are maintained by the company in many of the principal cities of the
United States. Sales are made to a variety of customers, including
mu
-
and
sold
; Many of the company's products are sold nationally and sales offices
Tnmrvnumrmrns
—
branch office expenses
for
distributors,
125,000 shs.
1,500,000 shs. 1,191,742.224 shs.
$72,157,122 $70,035,609 $60,607,773 $39,503,421
of
service
and
-
tr}aj c0nsumefS
*
^Outstanding
:
$71,697,757 $69,871,024 $60,394,996 $38,703,495
161,983
7
71,523
155,499
619,750
297,376
93,062
57,278
175,176
revenue
installation:
wholesalers,
J}
FINANCING
?
A125,000shs.
•
dStws ma5 dete?mine
directors may determine.
i'*-*'-
sales
Total
controlled by such subsidiary or in which such subsidiary has an
<
PRESENT
TO
SUMMARY OF EARNINGS FOR CALENDAR YEARS
the
HISTORY AND BUSINESS—Company, either directly ^or through
subsidiaries, is engaged in the manufacture or production and sale,
and in the sale either.for its own account oi- for the account of others,
ot various asphalt and asbestos-cement roofing and siding products,
structural- and decorative insulating board products, asphalt emu!-.
aions,- container boards, pip boards and box boai-ds, paperboard
containers and^boxes, *4ry and saturated felts, rubber compounds,composition tile products, timber products, certain petroleum products
and-allied products.- Company also receives income through a wholly
owned .subsidiary from the granting of licenses under patents owned
or
I
•
GIVING
•HISTORY AND BUSINESS—Company
100,000 shs.
preferred stock
be
As at Dec. 31,
1945, the company and its subsidiaries had out¬
standing funded indebtedness aggregating $663,595, secured by miscel¬
laneous mortgages on property of the company and its subsidiaries. >
' ' 600,000
'
Common stock (no par)—
^-2,500,000 shs.
1,183,921 shs.
■
shares reserved for. issuance anrhsuch oificers nn cimh fimc.
to
and employees
f
th
PomUQnv
and
xiihsidiarips nt
Hmpc
and
(Wiltshire
Street
Files Petition—
Philadelnhia
Federal
to
capitalisation
^
Walnut
Hundred
Vi
I
'
eanizationrlunder'c^ction
to
constmcUon'ind "eq^ment"^
working capital and will be used for general corporate purposes.
pp-
suant
200„
will
,
,,r:
Fifteen-
ho,
proceeds
1425.
-w
Realtv Co
TJofottAnc
Public, Relations has
E.
by
who .has-been-na^d
Farnsworth broadcast division and radio station WGL,
Manager of the
A
addition
interests
—1
net
4%
Authorized
common stock, company has received $2,775,000 from the private sale
of 25,000 shares of $4 cumulative preferred. This sum was added to
proposed
April 4, issued a preliminary injunction against the
of 'Magazine Repeating Razor Co., manufacturers
merger
estimated
the
,
4% preferred stock, cumul. (par $100)
Common stock
(par $1)___,
and
manufacture of folding boxes
$4 cum. pfd. stock (no par)
r;
Firm—-
Court Enioiris Merger With Razor
UAnjoms ivierger wun
J.
40°.0°0
~^
(«) Additional
Calif., for
In
-iThe New York Curb Exchange
.will. be made. to list
Stock;Exchange.
CAPITALIZATION
Selling,
J™
...
(7) Allowance for increase in construction costs
;>
on
600.000
.
$12,694,723. • From
such estimated net proceeds approximately $8,900,000 will be expended ;
for the construction, acquisition of, or additions
to, manufacturing
facilities for the production of truck trailers.
This amount Will be
applied to programs presently in progress at the following locations:
(1) the erection wnd equipment of a-plant located at Avon Lake, Ohio,,
about 21
miles
from
Cleveland,
approximately $7,600,000; $ (2)
an
addition to the plant and equipment in the Fort Wayne, Ind., Divi¬
sion, approximately $800,000; (3) an addition to the plant and equip¬
ment
at
Vernon, Calif,,
a
suburb
of
Los
Angeles, approximately$500,000.
Proceeds from the sale of preferred stock not required for
the purposes above stated will be -available
for general corporate
Other
WW&«>•
oWlga"cns-V'
the New York
PURPOSE-^-The
«
$400,000
r
jt
^ wp?jhKna'falld e9u*Pment at Chicago
and wall tile
manufacture of composition floor
Eversharp, Inc.—Stock Split-up
to
7f.
~
faf'2 ^,v'he U'fOU'5 CaPltf" St°Ck °"d aSSUme "S
ibJ. p. li25.
/
LISTING—Application
>
on
.
agents, Guaranty Trust" Co. of -Nbwvirork /And National •
• Detroit,
T>etroit,, Mlch.
Registrars, Chase National. 'Bank:
York and Detroit Trust Co., Detroit, Mich.
a
of
New
Finance
con-
mannfartm"'
^
SerS
of
Net
Acquisition of land, buildings and equipment and
authorized this
10
Transfer,
.
Bank
.
version of same for manufacture of dry felt at Mt.
April
on
'
,
,
in
or
LISTING—Shares ofiered have been approved for listing on the
PURPOSE—Net proceed will be applied as follows:
Mer80" & BamaP° RR' C°- and
N.
.
1New
A1Ubt
rtIi*
York
(1)
Commission
Commerce
Interstate
$2,775,000.
Transfer Agents, Bankers Trust Co., New York, and Allen O. Eaton,
Boston, Mass.
Registrar, Central Hanover Bank & Trust Co
New
Acquisition Authorized—
The
whole
Anril 3 is-
on
suea
Company
-m
Co.—Stock Offered-^Lehman Bros,
purposes.
Sale of Preferred Privately—Company
the
-
!
-...
oiigd 25 000 sharps nf $4- nimnlafi^o nrnfovro/i
rnmmksioi
This
par)
common stock (no
at $41-50 per share.
Notes—
on
promissory notes to finance less than 80% of the
all steel box cars being built by
American Car
The
Flintkote Co. — Stock Offered
An underwriting
group headed by Lehman Brothers offered
April
® a new issue of 150,000 shares of
I'--''
'.
.
•
than-30^day^*moUce,v>a(t'$104.60'pervshaW':plusja<xnrired'dividends,4;
.
.
Executive Vice-President, was elected a director, and
terms .expired , were reelected... The stockholders
number
directors fov the ensuing year at seven,
Stohr,
H.
F
.
1425.
163, P.
.
Director Elected—
• WARRANTS—Upon the receipt by the corporation of the net pro-'
ceeds of $216,000 from the sale of the entire issue of 135 000 shares
now being offered, the corporation will issue to Hoit, Rose & Troster
set of by-laws.
....*■■
^i?ia!lIe wari^"ts entitling themtopurchase 35,000 shares of!
The new" by-laws provide for an increase in the maximum numbercapital stock at any time during the period beginning April 10 1947 of directors:,frt>m seven .tonine,fa,provide for the,possible.;futupe.^hd ending April 9, 1950 at $1.60 per share.
Non-assignable warrants
election
by ,the common shareholders..of,, two. additional. directors;to^purchase 40,000 shares of capital stock at $1.60 per share exercisand for an executive committee of not/les& .thAn.tUree nor .more than,
able during the period from April 10, 1947 to April 9 1950 will be
five directors which can act on the affirmative vote,of-at least three,
issued-to certain-officers-and directors -namely R W Bowen B C
members. Another, change voted .empowers the directors to designate
McMahon, Jr., and J. L. Stenback, in proportions to'be determined either the President or Chairman
of the board as chief executive
among themselves,. •
officer of the company.*.:.
'At.-the present time:the corporation has no need for additional workIt
is presently "^pos^V1,the
company > states, to designate the: capital in excess of the amount to be realized from the present'
Chairman of theboard^mw
Shipley, as chiefsexecutive officer,
onermg.
,
;
"as
it was the des^ of the board of -directors,in.-.aceeptingj Mr., :•
^PURPOSE—Modification of 3 aircraft? insurance of aircraft, pur-^
Shipley's resignation-.as PF63id6ftt in. Septembw^,1945i}eiwfc> he should
chase of spare parts and accessories and hangar equipment working
continue to assume the duties of chief executive officer."- .''
capital and other corporate purposes.
'
in fayor
the executive committee.—V.
otherwise than through operation of the sinking fund,
part, at any time on not less than 30 days' notice,
at $108.50 per share if redeemed on or before March 1,
1948r at
$107.50 per share if redeemed thereafter and on or before March
1, 1950, at $106.50 per share if redeemed thereafter and on or before
March 1, 1952, at $105.50 per share if redeemed thereafter and on
or before March, 1, 1954, and at $104.56 per share it redeemed there¬
after, plus accrued dividends in each ease. - Redeemable through operation of. the sinking-fund subsequent to March 1, >1949, on not less
in
•
.
stockholders at their annual meeting held on April 10,
of the management's pioposal .for adoption of a new"
common
The
voted
position vacancies
.Redeemable,
u
ing,
Elliott Co.—-New
filled
men.
Watling, Lerchen & Co., headed a group of under¬
writers which offered publicly April 11 125,000 shares of
4% cumulative preferred stock (par $100) at $104.50
per share and accrued dividend.
% ^
7 -
CAPITALIZATION—300,000 shares presently stock ($1 par) are
authorized, of which 90,000 shares areof capital issued and outstand-
-
these
of
and
fre®h »owers and plants, and Southbound flights will carry publi°*Nons, manufactured articles, foods and various types of hardy
respectively, termination claims
^Including for years 1944 and 1945,
45311 565
^,311,000 and $513,500—V. 163, p.
anu »
,
f
./
The proposed operations are between airports located east of the
Mississippi RiVer and primarily in Florida, New York and New Jersey.
it
.
P. C. Wilbur, and B. C. Carter have been
Three
Fruehauf Trailer
fIying> including two-way radio equipment, de-icer equipment, etc.
17,134
120,784
454
$89,367
—
tors and of
?it^ssa<y ,fly!ng accessories for day or night, contact, or instrument
$336 310
10,728
Vice-Presidents.
brought about by the retirement of three former Vice-Presidents.
Mr, Cary, a director of the corporation, is President of the Niagara
Sprayer & Chemical Division of Food Machinery Corp.
Mr. Wilbur,
who became Director of Research for the corporation in 1942, is in
charge of the Central Research Department located at San Jose.
Mr,
Hait is Director of Engineering for the corporation.
Mr. Carter is"
Controller of the corporation and a member of both the board of direc-
civil Aeronautics Administration for cargo operations, and the indicated payload is 6,000 pounds. They are suitably equipped with all
;
17,252
--
elected
survey flight was flown from
v..
1*,$? two,of which are modified and m use, two of which are
modified and ready for use, and two of which are now in the process
modification. The'aircraft purchased have been certificated by the
.
$310,220
;
$187 370
~~~
SnrmalC income Tax"and~8urtaxIII_
haiges
h
$381,532
J. B. Cary, J, M. Halt,
to chattel mortgage to the RFC) six
C-47
_
>
-
——.
.
'233!314
<R28l 522
$162,245
income
,
_
ations March 9, 1946, when an initial
Augusta, Ga., to Fort Worth, Texas.
j
operating profit
Net
Other
in.„
nrrtfif
Food Machinery Corp.—New Vice-Presidents—
BUSINESS & EQUIPMENT—Company was organized Jan. 2, 1946
purpose of engaging in the transportation of
cargo by air on a private contract basis. Company commenced oper-
45162 245
,
for
thereby,
in Delaware for the
WA, L
$3,688,151 $4,125,381 $4,457,230
sales
provision
list its
Cd iaq ooi
4ST rrr iti
♦Net
^^te^Tiee, I„c New Y°rk-Stock Offered
—An issue of 135,000 shares of capital stock (par $1) was
publicly offered April 11'by Hoit, Rose & Troster, New '
York. The price to the public is $2 per share,
incident thereto are reflected in the com-
and all charges
: ' : •-
has acquired all outstanding common:shares of the
Buffalo
Fire
Appliance
Corp; for an undisclosed consideration,
it
was announced jointly
on April 5 by Roscoe C. Iddings and Charles
H, Stephens* Presidents of the two companies.—V. 162, p. 1639-.
The
company*
Franklin
proved-—-
County
-
Coal
-
Corp.—Recapitalization
.
,
i
Ap«
bonds ^.
ri^nnf
6'?
fpj/1 H19?'
Aup-viqac^^ ^
f
DreRented'oii
of^Fifteen
J ^ ^ri.HHpa
before^
Hundred
or
George Friedland,
President, on April- .8 announced that gross
.sales of the company's chain of-supermarkets attained a new high
weekly peak when volume 1.2 weeks <$1,600,000. in 80% last week in
exceeded of" 1946 were the greater' than
March.
Salex.. in the first,
corresponding 1945 period and operating margins were improved,
Earnings in the period; subject" to final 7audit* exceeded $1.60'
conwmm share of present capitalization.
.
r . "
.
d.
.
afrtrprtimtioned1 Court' '*
Pan+Koat
in
10
o
«
a^m.
-
•1
1946.—162^ p/134.
May 7,
on
=•
''
at;
-•
v.'
i-'
'
•••
a-s
'.
.aforementiohed. court
•
4/-?-
,
>-
.1'
.
•
fi
,i
„
,-
i
v
I
■
-
J
r.-i
>'
■_
The stockholders are expected to approve a. proposed four-for-one
f thc common .st0ck at the annual meeting oil April 30. ,:' - -
'
;
■
'' ••
.k :•
>j-
1
"
-1
.»
'1
•
'
'
•
t
* '■
>
f
•
«
4 -:"
■
;
and /employees who *j»re;ewheM.,x>tipref<rred:s.stock» oxpee.ti to<v^eoo<«itv
is their hope that the other'holders:;
pt. the company's. preferred;stock- will - promptly, deposit.their certif¬
'their stock'.immediately,*, and it
icates
'
in
order
that the
plan
ma"
be
declared operative.'*
*#*.
.If
»
the. plan .ia adopted, it is the "intention .of the board to moke
payment of a dividend of 7 Va - cents per share on the common stock
-
'
'
V-;}.
^
>
•
•
t 7
>
,
The stockholders, at the. annual meeting held on March 27. adopted
the? proposed apian -oft -yecapitalizatiom r
:
E; R. Keoleh President^on April, 3 stated that "All directors, officers
.
■
.
■■
•
-T
?■'.
Monday, April 15,
after the plan becomes operative, and, with a conearnings and barring unforeseen^contingencies,
dividend of like amount will be paid quarterly thereafter.
40
wit'iin
a
^e^are.the plan
deposited before'tire directors are authorized to
onerative. - Harris Tirut «*t savings Bank, 115 West Monroe
90
Llinois, is tne exchange agent.
Transferable
be
stmt,
Chicfgo
securities received as
s^es ^!1 ^fe 2%UeSiares'
on the basis of 2/4 snares
stock
of common stock
(scrip certificates
share of p*. eierred .suika exvaanged, if and where
operative by the board of directors. If the
Total expenses
the
of
preierred stock will be rt\ lined to tne noiaers
deposited shares of
deposit receipts.
:
fuxther details,
For
Proceeds are,
to be used by Southern Paperboard Corp., a subsidiary,
to construct a new kraft paper board mill, with an
annual capacity of 135,000 tons at Savannah, Ga.
For
further details see V. 163, p. 1282.—V. 163, pj 1863.
Co. of New York.
Subs.)—Earnings$772,010
$9,549,024
169,267
2,142,005
369,221
98,301
332,256
13,750
4,056,954
1,143,384
165,993
3.864,275
13,500
49,350
90,000
55,458
934,700
-i
taxes
and surtax
Fed.
nor.
Fed.
excess
$9,364,613
1,985,199
$791,981
196,797
expenses-
oper.
1945—12 MOS.—1944
1945—Month—1944
period End. Dec. 31—
Operating /revenues
Equip., main. & gar. «xp.
*,
—
——
SHEET, MARCH 31, 1946
profits tax_
71,029
41,802
Depreciation
$742,457; dividends receivable,
~
called, for redemption on July 1, 1946 aij
f
, gold
bonds, series L, due Jan. 1 1970
and all of the general mortgage 3%% gold
^
series M,' due Jan. 1, 1980, at 105% and interest. - •
Donds>
.
bonds, may immediately obtain
price thereof including accrued interest to July
dering such bonds fo The First National Bank
York, 2 Wall Street, New York, N. Y.—V. 163,
'
_
848,144
received
by
this
—V.
$111,775,000,
period of 1945,
1946
for the cor¬
with $395,466,000
compared
669,072
1
$504,491
19,505
$523,996
$22,759
1,269
1,645
$436,915
21,461
$24,028
$42,144
$458,376
2,811
6,649
54,272
$21,217
$35,495
of period™;
$404,103
$1,747,967
—
Other income—net
Gross income
deductions
Income
—
income
Net
Earned
beginning
surplus
income
Total
.
-
$2,152,Q71
.
surplus—net
stock
to
Dividends declared on common
Investments
1944
$8,349,359
$8,007,764
6
equipment
and
507
:
__
69
fund
Sinking
658*754
!
Cash
Replace, and def. main, fund—U. S. Gov. sec-
Special deposits
and
Material
and
54,448
236,355
58,198
receivable
214,570
supplies
between
mail
survey
Unamortized
debt
expense
a
\
1863.
P.
Instrument
General
.
*
Total
Balloting
have
directors
The
*
LIABILITIES—
H.
E.
stock
Co.
$1,46b,375
__
Loan
$1,460,375
1,200,000
i.a3ioo
H. E. Co. first & refunding mtg. bonds 5%_
Equipment notes,
Accounts payable
Taxes
r2~3~972
monthly—
payable
adopted
accrued
5,500
Other current and
accrued
liabilities
123,399
4,076,929
Reserves for depreciation
Reserves for injuries and damages
272,196
363,274
Other reserves
Earned surplus
iU
__
,
1,886,145
—
last year as a
$11,133,196 $11,018,687
163, p. 310.
amendment
1864. •'
'
\
The corporation has
submitted
"
the
If
proposal
increased
is
from
stock
common
will
be
from
975,000 shares to 2,925,000, the per share par value
of the common will be reduced from $5 to $1.66%, and the
per share
voting power from two votes to %ds of a vote, leaving the aggregate
par value and voting power of the common stock unchanged after
the
split.
Each
share
of
preferred
stock, presently convertible into
two shares of common, witf be convertible after the
split-up into six
shares of common; it will retain its
present voting power of one vote
per share.—V. 163, p. 1726.
General American Investors Co., Inc.—Earnings—
The
increase
for
of March
as
31, 1946 net assets
the
quarter, after
preferred stock, was $4,007,752.
the
dividend
.
Co.
three leased
-
company and
profit from the sale
the
intention
tp
to Build New.
must be
regulated in¬
distribute
d®d"cj£n& $6,200,000 preferred stock, the net asset value was
per
8hafe
common stock on the- 1,638,898 shares
outstanding, as
compared with $20.40 per share
outstanding
t
been
As
/
f
warrants
entitling
holders
to
Dec. 31, 1945.
If
subscribe to common
on
,been ex®rclsed, the resulting net asset
$22.41
of
share
per
March
"Federal
\
■
reorganization plan provides the G. M. & O. would take
assets and outstanding equipment obligations of the Alton.
exchange for assets, Alton refunding mortgage bondholders would
receive $22,675,000 in G.
M. & O. • general mortgage series income
bonds-and 327,787% shares of G. M.
of
Purchase
or
»
General Telephone
Corp.
Gross
1,800,220
on
1946,
held
•
^fea^Hr,y P°n(is and $742,456 cash, of which
the dividend on the preferred stock.
EARNINGS
FOR
QUARTER
$69,750
ENDED
United
1945
1946
1945
$218,225
etc.,
ir Net income
Divs.
*
on
expenses.
Exclusive of
stock—
net
1944
$207,253
$594,840
$184,420
61,869
$204,195
profit from sale of securities
:v
.
(net)
undei^surplus'60
pany
year
and
from
the
s
election
expectation
interest
and
to
98,000
dividends
$9,437,137
-
on
1945
mtm
Net
will
be
all
net
of $289 944
distributed
income
2,236,939
242,000
48,000
291,055
285,998
138,673
244,191
$1,972,489
172,377
Cr2,499
20,825
$1,341,384
173,854
$1,781,785
66,156
$1,223,960,
66,156.
$1,715,629
1,189,656
$1,157,812
752,56$;
$525,973
:
■
long-term -debt
$405,244
„
Cr2,5l9
-
income
on
preferred stock
Balance
for
Net, income
Balance.
-V.
163,
«n
;
preferred stock
^2
—.
$8,491,045,
.
; 3,652,965
/
—ZI--III3
Non-recurring amount
•.
Balance
53,918
♦Equivalent to reduction in Federal taxes due to the amortization
of cost of emergency facilities applicable to the war emergency period,
—V.
163, p, 1158.'
?
;
"$4,889,118
2,676,064 %2,676,064
$3,073,335
/
>
raphy of
narrative
this
,
company
by Mary G.
from
1833
•
Cumming,' containing , the: biog¬
to:-
1945;:■'•ihcllUi^,->jiu^•^.ooveirilig
.
stands
had
,
•
.
.
.
a
Goebel Brewing Co—Acquisition—
J.
lithographic
-riv the
p.
of
presses
Chicago,
and
effective
-
.
corporation has called for redemption on May 15, next, all of
outstanding shares of $3 cumulative preferred stock at $50, plus
accrued
and unpaid dividends
of $3 per share.
Payment will be
made at the Bankers Trust Co., redemption agent, 16 Wall St., New
York, N. Y.—V. 163, p. 1865.
tc> ithe?pUbIfeis>$15
'
$5,287,322
^
%:The 40,000 shares of - common stock were offered by the company
for -subscriptionr ot $15 per- ;
shgrc'i^ the /htUdcrs ot Jts common stocB
at therattf.cL one- of- Such 40,00ft shares of
cprnmon stock f°r eacl?
K2%^Share3 ;ofj common vstqck -held bf re«:ord\*atr/ihe. plose. of business
on-March
8,
1946.;/The
expired- April;!,' 1946.
PURPOSE—-Net
A
such stock
..'
right of stockholders to purchase
.
y
; -
at. a, minimum of
available for
general corporate purposes and will be
eompunyV working capital pending specific allocation
will
proceeds
(estimated
CAPITALIZATION,
GIVING
EFFECT
TO
PRESENT
Authorized
Common stock
($3 par)
200,000 shs.
OFFERING
outstanding
140,000 sns.
SUMMARY OF EARNINGS FOR CALENDAR YEARS
.
;
Year—
1945.
Profit;
•
Net Sales
1—
$3,029,366
1
2,867,704
2,254,846
1940
1,269,228
1939—
425,085
415,545
414,157
188,585
172,949
88,828
113,727
136,007
1,151,465
1938
859,902
1937.....
1,022,312
883,046
per
883,046
(
HISTORY AND .BUSINESS—Company
April
16,
1921.
It
was
originally
was
named
$131,385
116,036
128,081
$422,000
381,533
297,004
293,547
235,116
61,641
39,265
4
26, 1946, the directors declared a cash
share payable March 15 to holders of record
121,998
179,041
126,944
133,684
70,297
89,923
102,812
18,531
23,804
33,195
dividend of
March 1.
incorporated in
Cramer
Net
Profit
for Taxes
$553,385
497.569
2,755,883
1941
Provision
-
Bef. Taxes 1
2,776,595
,v?—
$3,652,188
added to
of sucn
•
On Feb.
'
$537,225)
be
the
Grand Union Co.—Sales Increase 44.8%—
1945
is
of
^p^oiivstock.: (par^ixiot: subscribed/fbr vby stock•
1936™
163, p. 1566.
162,
said.r-V.
OfferecMl
Fatrts /
1942™.
The
—V.
Orders for offset
capacity produc-
facilities,.;::he
group of underwriters beaded by The Wisconsin Co.
offering the' unsubscribed portion of 40,000 shares
1943.
.its
Sales
30.
wilt/ require
:
1944
1946
-.
2016.
A
Gorham, Inc.—Redemption of $3 Preferred Stock—*
Four weeks ended March 30—
■*
April
©utters
paper
company's/ jnanufacturiiig
Anderson,
President, announces the purchase by this
company
of the land, buildings and all equipment .of the Grand
Rapids Brewing Co., Muskegon, Mich., as ot April 1,
1946.
The
purchase price is reported to be $275,000.
It is contemplated that the operation of the Grand Rapids prop¬
erty will actually be taken over by the Goebel Brewing Co. on or
before June 1, 1946.—V. 162, p. 3073.
-
■.
on April 4 announced that the company
sold/Its interest in the Morrison" Wire Stitcher- business to the
.
funds.
Edwin
■
Harris-Seybold-rotter Co.—Sells Certain- Holdings—
Heiu-Weriter
•>
.
the
directors'
meetings' and stockholders' 'conventions.'
today operating under its original charter, never having.,
mortgage on its properties; never Having been - through.-a
reorganization, drawing the annual rentals " from the lessees of its
railroad'properties and the dividends from /the Georgia Railroad
Bank &" Trust Co. of which it is a majority stockholder.—V/. 157.p. 1458.
••: •'
'
It
-
'
*
$2,213,054 /
112 pages, with-numerous illustrations, has just Jaieeh -issued/:;5
The narrative of this company is taken largely from the pages' of
Its activities as recorded month "by month and year by year in. the
minutes 'of
'
.
%Y« 'Mitchell, Chairman,
1158.
historic
'
-
v,.v
Acme tJfcjeel' Co.
1
An
■;«
-fv*'
had
569 ;
196,405'.,
$5,749,399
—
,
p.
;
Georgia RR. & Banking Co.-^Issues Booklet—
in
the
*
>
.
v
^
,
3,607,940
-
—-—
Other deductions
'
substantially
1,817,591
256,000
48,000
~
adjustments
-
long-term debt
Amortization of premium on debt™™,,,,::.-:;
1944.
income tax has been made in view
be taxed as a regulated investment com¬
that
1946
revenue
Interest
t$141072
NOTE—No provision for Federal
of the company
1945
$4,398,514
—
income
on
r*.
tExclusfve of $58^313
Wh'Ch TOe Charged t0 a s'leclal
in
account
*$164,953'
95,000
1946
Other deductions
.
Gross -income,,
•
$225,005
.
83,933
*$122,551
93,000
Com¬
$592,472
„
1943
<'$220,409
69,750
™—
pref.
1945
39,242
Feb. 28—
Amortization of premium on debt
.
31
$265,504
45,095
income
Interest,
equitable."
by the Interstate
-
States
1946
Total
p.
$4,523,809
taxes
Gross
Jan. 1 to March 31
$50,722,542 $48,801 220 '
J.
24,071,992
23,393,391
Operating expenses
> 4,883,500
• 4,792,666Provision for depreciation ;• ™
Amortization of plant acquisition adjustments
2,359,007, , 2,618,919
General taxes
Federal income and excess profits taxes,.,.,,;
6,272,930
5,999,750
was required for
MARCH
and
approved
1727.
Federal income taxes
-Operating Revenues-
12 Months Ended Feb. 28-
Gross
value would have
$6,000,000
163,
"fair
was
was
revenue
Interest
shares.'
the company
Lakes.
plan
also
Operating expenses
Provision for depreciation™
Amortization of plaht acquisition
above.—V. 163, p. 1427.
10 Days End. March 31
Operating revenues
—V. 163, p. 1865,
Great
the
Alton
Commission.—V.
General
Georgia & Florida RR.
the
}
To Acquire Additional
—
Public Utilities Corp.
Period—
to
the
12 Months End.
Propertiessee Associated
of
Gulf Power Co.—Earnings—
amounted to
■r
:
,
Corp.—Weekly Output—
output of /this corporation for the week ended April
117,635,488 kwh., a decrease of 1,981,201 kwh.,
1.7 % from the corresponding week of 1945.—V. 163, p. 1865.
1946,
Mexico
Judge Barnes held
-
above.—V. 162, p. 3072.
electric
The
& O. no par common stock.
The plan separating
the Alton line from the Baltimore & Ohio RR.
was
approved Sept. 21, 1945, by the Interstate Commerce Commis¬
sion, which said it would result in a system extending from the
^
merce
{
The
In
Gulf
5,
over
obligations total $4,410,958. *'
General Phoenix Corp.—Proposed Merger—
General Public Utilities
Judge
The
aU
-
-
Alton Merger Plan—
John P. Barnes, Chicago, 111., in an opinion on
March 29,< approved a plan for purchase of the Alton RR. by the*
Gulf, Mobile & Ohio RR.
The two plants are part of a post-war expansion pvpgram of Gen¬
Mills, Inc.
,
»
Both projects will be started as soon as materials become available.
—V. 163, p. 192.
i
31,
new
polled on the consolidation:
Court Approves
l
substantially all
net
of securities (as well as
substantially all net
income from interest and
dividends), no deduction for Federal income
tax
has
been
made
from income
and profits,
or
from unrealized
appreciation in computing the net assets of the
company.
all
a
already has been approved by the Interstate Commerce Commission
Federal Judge John P. Barnes * in Chicago.
Alton bondholders'
still
,
$43,476,524.
$69,750 on the
a
directors.
fifteen
& O. and the Alton will form
M.
major railroad between Chicago, Kansas. City, St. Louis. Mobile ana
New .Orleans,.
The merger is expected to be completed in late summer
;
,
Lodi.
the three
taxed as
the
The consolidation of the G;
..
.
pividends
months, after
$289,944, ail of which was long term capital gains.
Net income from dividends and
interest for the period, after all
expenses and taxes, was $220,408.'
-
vie.w of the company's election to be
vestment
re-elected
stockholders
The
eral
were
of
common
RR.
July.—V. 163,
'
profit from the sale of securities for
/
in
RR.
James F. Bell, Chairman of the board, and Harry A. Bullis, Presi¬
dent, on March 29 announced approval by the board of directors for.
construction of two new manufacturing plants in California. .' Both
units will be part of the company's Sperry Division serving the West
Coast.
•
*
-: /
•
■■■A completely modern flour mill and elevator will be built in LosAngeles on property now belonging to General Mills, and a new cereal
plant for the production of packaged food products will be erected at
*n. ,lh! report for the quarter ended March 31, Frank Altschul,
President, states that
increase
an
to 988,635 shares.
pertaining to the assumption of leases and financing of
lines operated in connection with the Alton Railroad'
approved.
These lines are the Kansas City, St. Louis & Chicago
Co., Louisiana & Missouri River RR. Co., and Joliet & Chicago'
It
Division
General Mills, Inc.—Sperry
;
Plants in California—
.
;
authorize
to
amended
was
609,847
Georgia Power Co.—Earnings—
a proposal to its stockholders to.
It wUl be acted upon at the annual
approved, the-authorized
approved the issuance to holders of Cliicaeo
also
Co.'s 3%
Matters
were
.
split the commcn stock 3-for-l,
meeting on May 8.
The
and
Split-Up—
on
to afford a 3,000-mile raif
the Great Lakes, was bv %
St. Louis & San Francisco rv
of the larger blocks of stock, declined to vote its shares'
stockholders.
charter
The
the
.-••••
"
-
com
77.32% of shares.
'
preliminary to acquisition -and expansion , plans
preferred stock at the annual meeting to be held during
p.
one
Pividends
j Gaylord Container Corp.—To Vote
of Alton Ap¬
the purchase, designed
the Gulf of Mexico and
of
Alton RR.
stock
parried out without recourse to public financing by the.
Such costs were defrayed by. means, of 2%%. ten-year
serial notes to banks.
The* stockholders will be asked to approve the elimination of the,
194$
Total
—V.
261,510
1,724,487
5,083
93,660
3,381,051
275,120
422,874
1,747,967,
be^
,
proposing an
resolution
a
were
426,659
498,289
1,223,117
accrued
Interest
has
1866.
on
stockholders
The
company.
'
($5 par)
Bank
Y.,
p.
000 in G. M. & O.
company's
which
v
Common
N.
163,
first mortgage bonds, due in 1949, of $22 675
general mortgage series income bonds. The issuance,
of *327,787% shares of 110 par common stock also was approved.
$2,-
Eliminate
to
certificate of incorporation whereby the authorized,
issue of 100.090 shares of $20 par value convertible preferred stock
would be eliminated from the capital stiucture, Samuel Cohen,-Chair-'
man
of
the board,
announced recently.
The preferred stock was
the
of
owner
-
Corp.—Plans
$11,133,196 $11,018,687
-
-
York,
April 8 approved the acquisition by this
on
of the Alton RR. by a vote of
t
000,000 of Authorized Preferred Stock—
to
stockholders
The
pany
&
See Domestic Industries, Inc.,
,
New
stock.—V.
RR.—Acquisition
Gulf, Mobile & Ohio
link
Co.,
common
-
shipped immediately could neither be recorded as orders nor delivered,
to our customers in the
first three months of this year."—V. 163,
38,922.
4,851
52,791
Prepayments
636
:
621
—.—*
interest
537,328
1,911,861.
225,946
,
1,468,810
330,087
U. S. Government securities
Accounts
31
1945
plant
Property,
DEC.
SHEET
BALANCE
CONSOLIDATED
ASSETS—
the
proved—
$1,747,967.
Electric Co., as of Dec. 31, 1945,
$1,221,254 of Houston
is not available for dividends.
COMPARATIVE
233,660"
233,660
$1,886,145
which
*
17,724
5
period
surplus at end of
^Earned
*Of
$1,999,351
32,266
■
'
$428,272
$1,571,078
Trust
&
for
registrar
decrease of 72%, Charles E. Wilson,■■■>
President, announced on April s.
"Much of this reduction in orders
was
accounted for by the fact that all of the company s principal,
plants were closed by a strike for nine weeks during the quarter
ended March 31, 1946," Mr. Wilson stated.
"This meant that a sub-:
stahtial volume of business in those products which normally can be
responding
created
,
debits
Miscellaneous
95,723;
1946—2 Mos —194=? '
$6,336,469 $10,501,674 $10 779 07*
'
*
~
'
,"2'975
"
.
Bank
Chemical
The
■
Operating income
$40,499
1427.
Greenfield Tap & Die Corp.—Registrar—
■
163,840
1,342,107
656,553
1865.
p.
1946—Month—1945
$5,779,032
-•
4
163, p.
appointed
during the first quarter of
company
to
J
Sales
General Electric Co.—Orders Received Off 72%—
Orders
_
the full redemntm
l, 1946, by Sn
!
of the Citv of mI,"
(H. L.) Green- Co., Inc.—March Sales Lower—
Period End. Mar. 31—
1946,
$69,750; payable for securities purchased, $52,562;. reserve for taxes,T
etc., $36,000; $4.50 cumulative preferred stock (par $100), $6,200,000;
common
stock
(par $D.' $1,638,898;
capital surplus, $14,802,799;
profit on securities sold less dividends paid therefrom, $395,793; undis¬
tributed income, $517,588; total, $23,713,390.—V. 163, p. 192.
(
:
amounted
these
of
Holders
interest accrued, etc.,
preferred stock payable April 1.
on
3%,%
mortgage
and interest,
k
$169,993; receivable for securities sold, $23,886; United States Treasury
securities, $6,000,000; other securities, $16,777,054; total, $23, *13,390.
,LIABILITIES—Dividends
'b6,224
*
The eompany has
general
$895,620
279,000
458,891
$220,409
69,750
—
—
dividends
dividends
ASSETS—Cash,
(Robert) Gair Co., Inc.—Obtains Loan—Company has
$10,000,000 secured sinking fund notes.
Of these
notes, $4,000,000, maturing in installments through April1, 1954 have been sold to First National Bank Boston,
and $6,000,000 due April 1, 1966, have been sold to
Galveston-Ilouston Co. (&
$1,069,888
174,268
1284.
Great Northern Ry.—Calls Two Bond Issues—
'
sold
Other
income
Common
1426.
'
General
Net
Preferred
BALANCE
Mutual Lite Insurance
$866,275
203,613
—™
r
V. 163, p.
see
$227,166
38,338
—
-rY. 163, P,
_
105%
for*SecteSS
the plan is declaiea.
-
,
$265,504
45,095
bonds, etc.—
1946—Month—1945
1946—3 Mos ™iQd*
$1-7,096,750 $17,324,591 $40,564,083 $38 75fi 9o.
Period End. Mar. 31-
•
Sales
months; $49,921 during 12 months.
3
Interest* on
12Mos.
{incl; market value of
dividends: $5,819 during
deposit
preferred
receipts evidencing aepjfciv ul 7%
will be
exchangeable m r common
stocks
on
<W. T.) Grant Co.—March Sales Off 1,32%.
31, 1946
^,'-,3Mos.
Dividends'
outstanding shares
the
of
85%
least
At
present
PERIOD ENDED MARCH
.STATEMENT OF INCOME FOR
days
of
tinoarion
i94g
20 ce
Wiscons
Manufacturing
fVplunie 163 /
THE COMMERCIAL & FINANCIAL CHRONICLE
Number '4481
Milwaukee Circulating Pump & Manufacturing Co. In 1929
corporate name was adopted and the manufacturing
facilities moved to the city of Waukesha, Wis. .
. v
,
The company commenced its operations with the manufacture of
water and
oil pumps for gasoline engines and has continued the
manufacture of these products to the present time. These products
•ire
used principally on excavating machinery, oil well drilling and
oil pumping
equipment, road machinery, trucks, tractors, air com¬
pressors and various other industrial'equipment powered by gasolineand Diesel engines.
In 1931 the company began the development of
a
line of hydraulic jacks, which, at the present time, includes jacks,
used
for vehicles ranging from pleasure cars to large trucks, for
industrial purposes, and manually operated floor models generally
used in garages and service stations.
The . line includes jacks with
lifting capacities fr'om IV2 to 50 tons.
In 1934 and each subsequent'
vear, sales of hydraulic jacks have represented more than one-half of"
the company's annual sales.
In the year 1939, the dollar volume of
sales of jacks was as follows: 34.2%
for passenger cars, 32.6% for
and
later
rhe
present
for industrial purposes and 30.4%
2.6%
trucks,
for floor models for
passenger cars in .the 1% and two ton capacities and a line of jacks
produced for chain stores and other volume outlets was discontinued
due to material priority regulations.
had no reconversion problem upon termination of
its war contracts since its production facilities were not materially,
changed because of war work, and since substantially all of its*
inventories were immediately transferred to orders for the civilian
company
.
the termination of its war contracts the company has con¬
the manufacture of products produced during the war and
resumed the production of jacks with capacities of less than
Since
tinued
has
manufacture
tons.* Company expects to continue the
hydraulic jacks and water and oil pumps.
three
of
—V.
163,
The
is
fractional
As
will
shares
soon
as
the
lative
possible
agents.
underwriting discounts
less
to
than
Burchill
the
%
owner
feiture
date
249
Henry Hudson Hotel Corp., N. Y.—New
Inc.,
Co.,
The
War
Adnv'nistration
Assets
of
net
the
on
income
to
first"
retire¬
April
10
the
to
entire
the
agent,
stock
revealed
last
purchase
of
Peoples
each
$1,636,302
directors at
of
preferred
-
p.
stockholders
at
protracted
a
directors
proposed
annual
by
an
into 2Vz
tors in
John
212,666
450,653
117,145
112,680
$458,605
$395,320
5,476
$464,081
revenue
4,830,128
1,435,942
3,043,491
1,323,957
$4,017,226
56,575
$5,417,681
3,841
$399,161
$4,073,80.1
$5,441,275
Net
stocks
—V.
*71,875
862,500
951,188"
elected
'
nominees.
L.
"
,
1
4,441
63,321
103,016
$296,889
$358,996
163,
the
$3,054,964
$2,985,030
385,819
period
1428.
p.
RR.—Earnings—
'
Period End. Feb. 28—
1946—Manth—1945
Gross operating revenue
Oper.
&
expenses
$753,964
"
1946—2 Mos.—1945
$754,844
587,939
$1,559,219
$1,574,922
559,293
1,161,545
1,204,715
$194,671
$166,905
8,888
8,584
$397,674
17,777
$370,207
17,207
taxes
-
—
income
"Income charges
Int.
,
$203,553
132,946
$175,489
$415,451
133,014
96,045
——
94,350
266,534
192,092
the
to
give
present
preferred
following comments
said
at
the
on
that
the
exact terms of the
exchange offer could
this time, as they will have to be based
on
condi¬
the time the offer is made and the offer can not
be
$43,174
$73,458
$25,433
"Exclusive: of interest
.
on
$51,875
The directors haye voted to offer stockholders the
right to subscribe
io one share of additional stock for each seven held. Price and record
date of the rights are to be determined
charges
Net
offering
date.
A
hand
statement
declared
that
while
adequate
capital
is
"normal times and conditions," it was "deemed prudent" to
preseht working capital.
•
proposed offering, it was stated, cannot be made until after the
effective date of the registration statement, which is being prepared
for filing with the SEC and after listing applications for the additional
shares are approved by the exchanges on which the preseht stock
is listed.—V. 163, p. 193.
$1,482,373
608,366
564,172
465,461
490,487
385,547
obtain-; funds
this
for
retirement
and
for
the
p.
Hiiles,
Jr.,
Period End. Mar. 31—
of
and
corporation
1946—Month—1945
$4,112,082
$4,640,822
Sales
purchase
Vice-President
Secretary,
in
1941
p.
has
been
Assistant
as
172Sf.
•
7
Interstate Department
Stores, Inc.—March Sales Off—
—V. 163, pp. 1286 and 780.
;•
:
f
T
(
•
f
e
•
..
: v
Y
1-
* '
•
:
•'¥
*'•
v*
r
"
1946—2 Mos.—1945
$6,976,200
$7,541,339
\»9.-
*!:•>•:
'
:,7
V
.
'•
.7
...
If;'.-
(The) Investment Co, of America—Asset Value
Up-*
the
'dried: fruit, business oi Guggenhime & Co., 175,000 shares of 5% prestock and 125,000. shares of common stock were sold recently
^hrbugh'underwriters (see V. 163,
D."
Secretary.—V. 163,
as
•fenced
The net asset value per common
share of this company
at March 31,
1946, based upon the balance sheet on
securities owned adjusted to market
with
1729).«
pared with $32.62
Transfer Agent—
;
r
1946—2 Mos.—1945'
$1,924,216
760,885
238,921
a
director.
He joined the
General Attorney and Assistant
■sharei outstanding at last report.
,To
the
V
International Telephone &
Telegraph Corp.—New Dir.
Charles
Hunt Foods, Inc.—Calls 6% Preferred Stock—
The corporation has called all its 6,% preferred stock for redemption
on June 1, 1946, at,$10.25 per share and dividends.
There were 83,230
r
board,
200,380
163, p. 1286.
elected
r
-
The
date of
for
The
a
re¬
director, of
oh
augment
two-for-one stock split and also
246,175
209,385
income
—V.
Company
a
America—Earnings—
1946—Month—1945
$899,669
$751,203
\ 331,842
314,641
oper.
revenues
;Net rev. from ry. opers.
Inc. available for
fixed
-
the
nominated for
Winthrop W. Aldrich, Chairman of
International Rys, of Central
Period End. Feb. 28—.
Railway
Hudson Motor Car Co.—Holders to Get Stock Rights—
before
have been
company
nominated.
formerly 16, has been increased to
17, effective as of the
stockholders' meeting.—See. V,
163, p. 1866.
adjustment income bonds.—V. 163, p. 1567,
shortly
the
directors.
board of directors of The
Chase. National Bank and
^the company in 1943 and
1944, has also been
$387,414
266,789
194,083
adjust, inc. bds.
Deficit
,
to
on
Cannaday
special-meeting-of stockholders
a reduction
from $10 to $5 ift the .par value of the common stock.,' Shareholders
©Precord April 26 will be entitled tb vote at the mfeetingM *' • V t
■'
At annual meeting of
^stockholders, held on April 9, P. T. .Cheff,
formerly Vice-President and General Manager, was elected President;
•A. W.
Tahaiiey, ;who .was Secretary and Assistant -Treasurer; was
elected Vice-President and Secretary.
Other officers were re-elected.—
V. 162, p.
3073,'
stated
the
Gross
Holland Furnace Co.—-Stock Split-Up Proposed—New
call
Hinman
offer.
All present directors of
election to the board of
>
"
President, Etc.—
to
warrant,
made
.
President, told stockholders that the company has
a backlog of
press orders totaling $20,000,000 which assures full-time
two-shift operations for the next two years.
The company is nego¬
tiating for an additional $5,000,000 of business, he said.
All contracts accepted since the beginning of the war, Mr.
Auer
said, have so-called escalator clauses protecting the company against
increases in • labor and material costs.—V. 163, p. 1428.
a
conditions
option.
President,
.
Auer,
May 28 to recommend
if
second
a
Hinman,
.
*
The directors-have decided
position,
the stockholders have authorized
the new preferred
stock.,
He pointed out,
however, that the proposal to be voted upon
by the stockholders contemplated offering the new
preferred share for
share in exchange for old
preferred, and specified that the dividend
on the new
preferred may not exceed $4.50 a share; that it will
nof
be redeemable prior to July
1, 1949; that the initial redemption price
may not be more than $120 nor less than $105 a
share; and that if
any common stock Is to be included in the
exchange offer the amount
may not exceed one-quarter of a share of common
for each share of
preferred.
; } *
According to the proxy statement, the exact date of
any exchange
offer the company
may be able to make cannot now be determined
butt
it is expected that it will be
made soon after the
necessary authority
is obtained at the annual
meeting. However, Mr. Hinman pointed out
that conditions might make it
impracticable to make any
exchange
offer and that the directors
therefore reserved the right to
postpone
or abandon the
1,393,110
111,947
28,769
applic. to pfd.
for
a
H.
tions existing at
made until after
'
4,430
25,967
389,588
deducs.
Operating dncome
Non-operating income
meeting held on April 9
independent group which
!
71,875
Hudson & Manhattan
1866.
.
were
William
and
bonds
income
Dividends
their
an
begun a program to retire all the existing
preferred shares by calling 100,000 shares for
redemption April 4,
Mr.
23,594
J
•
1946, mailed
proposal* that shareholders authorize the board
discretion to issue 400,000 shares of a new class
a
1946.
Holders of well over 90% of the called
shares have exercised
option to convert" into common stock.
The directors feel that
preferred shareholders might be glad to have a further
option, namely,
to exchange their present preferred stock for
shares of a new preferred
issue. Approval of the proposal contained in the
proxy statement doe®
hot limit the right of the
preferred stockholders either to convert
into
common
or to accept the
call price of $105 in money if and when
his shares are called.
The proposal, however, puts the board
of direc¬
tors of the company in a position to offer
the preferred stockholder®
a further option." -
250,000
&
O
.
"The company has. already
excess
expense
int.
-
now
stockholders
5%
.
represent the class A stock
to represent the man¬
agement, and Morton Jenks as candidate of the independent group.
The two directors elected to represent the common stockholders are:
.Thornton C. McCune and Harold W. Banser, who were independent
Cullom
and
.
with or without a limited amount of
common, in
equal amount of present preferred stock.
Preferred
have the option to convert each 5%
preferred share
shares of common.
Approval of the proposal would put direc¬
stockholders
7,190,080
1,673,033
1,300,000
deductions:
Other
r
'
stock,
exchange for
2,600
Amortiz. of debt disc.
-
big
the
April 5, contains
of
Federal
mtge.
determined
also
was
not .be
on
date to be
their
Gross income
Int.
record
a
.
result
income—net
Income
of
proposal:
200
properties
.
as
.
-
of accelerated use of
.
shares owned
common
International Paper Co.—To Vote on New Preferred
Issue—New Exchange Offer May Be Made—
repairs
operating
share¬
common
announced that White, Weld & Co. will head y
group,
underwriters to handle the sale of the shares.
V' - ///H
Proceeds will be used to finance new and
expanding project/ and to
replenish working capital that has been expended in the
a:,uisitioii
and development of mines and
plants.—V. 163, p. 1729.
■;
•*
mainte-
and
five
It
*
Provision "for
that
of
$1,718,322 $20,729,528 $20,198,242
limited
invests.-
a
announced
5
Industrial
1,792,323
as
April
on
12,
plan further proposes that 14,000 shares of the aforementioned
145,834 common shares will be reserved for purchase by officers and
employees of the corporation at the market price.
1946—12 Mos.—1945
108,333
for
April
sale of
The
Co.—Earnings—
1946—Month—1945
149,174
and
President,
The proxy statement for the annual
meeting on May 8,
& Power
on.
Shares—Offering to Be Under¬
1946, will be asked on May 20 to vote on.
145,834 shares of the corporation's common
stock presently authorized and unissued.
i
If the sale is authorized, rights will be given to present shareholders
to purchase
additional shares on the basis of one new share for
by
1,573,049
nance
Ware,
the
was
7,078,260
deferred
$589,807
1285.
record
for¬
113,680
Other
week, that
Louis
.
of
property,
subject to
537,656
Prevision
$529,554
504,875
Cr24,528
.
deed
149,432
of
$562,101
for divs
avail,
163, p.
approving
1028.
Lighting
elec.
$1,100,689
504,875
66,260
$573,752
charges
holders of
to about
escrow
the
$1,143,967
504,875
76,991
$1,070,154
112,993
1,036,045
.
Corp.—Acquisition—
completed
'1 989,732
International Minerals & Chemical Corp.—To Vote
.
reorganization of
the
being under the so-called
the
1,123,275
1,061,995
Sale of 145,834 Common
written—
second
an
1,143,170
local taxes
deductions
Bal.
Street,
profits taxes
Co., Inc.—Three Directors Elected from
Hoe &
-opposed the management.
the three directors who
on
Other'
default.
a
has
with
by
deductions:
rev.
Amortiz.
Independent Slate—Backlog Placed at $20,000,000—
r
annum
per
amounted
the
1,149,022
retire¬
income
Interest
is
$4,&50 completely assembled. See also V. 163,
Joseph L.
is
held
All other taxes
of prefabricated low-cost housing units which can be produced
at a rate of 300 per day.
The new houses, to be constructed of pat¬
ented thermo-namel and thermo-con, are designed to sell for about
P.
3%
549,080
Name—
:plant
Neil
Net
D.
petition provides,
maturity date of the
Depreciation—
-
above.
Mr. Higgins said that his company also is making plans, which if
'consummated, will call for the ultimate production at the Michoud
are:
of
p.
1,207,468
1,052,181
$1,200,453
513,708
&
$3,095,932
owner's
balance
1945
and
i
11943
;
$3,285,959
deprec
or
1944
$3,436,158
.
Arthur
Maintenance
in
three
of
Operation
V;
;;
elected
the
to
of
the
together
now
revs.—electric
Oper.
Aircraft plant at Michoud, a surplus government property
size only to toe vast Willow Run planfr, will be leased to
Higgins, Inc., for a period of five years. The plant contains 2,334,000
square feet of floor space, and originally cost over $30,000,000.
The
rate
of
-
Higgins
(R.)
the
34th
on
163,
Houston
Net
second
ment
All Fed.
//
1945
$3,460,102
'
consists
years, the first
earlier reorganization
Period Ended Jan.31—
-
expected to commence mass production of camp
trailers and pleasure and commercial eraft "within two months"
at
the recently-leased Michoud
plant in New Orleans, La., Andrew J.
Higgins, President, disclosed on April 8.
In
addition, the Industrial Canal plant at New Orleans, already
actively operating with approximately 2,000 workers, has been ordered
into fufl production.
When the two plants reach full activity, some
12,000 workers are expected to be employed, Mr. Higgins said.
corporation
bonds
.
maint.
on
Higgins, Inc.—Soon Expects Mass Output—
The
mortgage.
Oper.,
1946
revenue
New
York, N. Y., according
to
an
Granbery, Marache & Lord, members
the New York Stock
Exchange, who acted as brokers in the trans¬
action.—V.
sub¬
See
paid.
be
West
1428.
later.
ten
is
event
announcement
of
term
will
and
corporation
Bank,
approximately
of
about
Under
the
163, p.
12 Mos. End. Jan. 31—
,
Gross
1%.
corporation,
income
Woman's Realty
the
Household Finance
.
American
of
with
in
This
to
non-transferable
date,
commissions
at
reorganization
Act.
deposited
2.5%
50 cents.—V.
—V.
application
pending
property within
163, p. 1728.
See
interest
bonds,
to
Indianapolis Water Co.—Earnings—
$95,000 before
and depreciation.
The 3% fixed interest on the first mort¬
bonds required the payment of about
$77,000, leaving approxi-,
inately $18,000 available for additional interest on the
bonds, equal
subscription
or
of
interest
and Savings Association, 650
South Spring St., Los Angeles 54, Calif, or at the Marine Midland
Trust Co., of New York, 120 Broadway, New York, N. Y., will act as
No
the
annexed
Earnings of the property for
America. National -Trust
The Bank of
convertible second preferred stock,
par $1, both payable
holders of record April 15.
Last year, the company paid
share on May 1 and $1 on Nov. 1 on the second preferred
stock, and the current payment on that issue includes the full payment
on arrearages
of $1.33 per share and a regular semi-annual dividend
1
$1.50 per
ment of
the first mortgage
bonds, and continuation of the present
ownership of the stock of the corporation and of the
management and
operation of the property.
scription warrants evidencing rights to subscribe as above mentioned,
will be mailed to stockholders as. of said record date.
These sub¬
-
necessary
first
committee.
The
scription warrants wilL carry an expiration
15 days subsequent to date of mailing.
cumulative
May
gage
offering
record
approaching maturity of the
to present a plan of
it
the
for
reorganization
income
Oper.
said
after
committee
to- the
mortgage
issued.
be
of
things, for an extension of the
mortgage and the bonds secured thereby to April
30, 1956, basic cumu¬
and sale
Riiey & Co
contemplated
finds
extension
other
among
stockholders of
rights to subscribe to an additional 100,000 shares of common stock,
par $1, it is announced that the directors have set April 12, 1946,
as the record date and determined
that stockholders as of that date
will have the right to subscribe to proportionate shares of the 100,000
additional shares of common stock, at the price of $2 per share, on
the basis of one new share for each full five shares held, as of said
date.
No subscriptions lor fractional snares wiii be received and po
with
connection
In
corporation
and
protective
counsel
Harvill Corp.—Further Details on Offering—
•
owner
The plan of
.
April; 5 declared the usual semi-annual dividend
of $1 per share on the' $2 cumulative convertible participating
first/
preferred stock, par $1, and a dividend of $1.83 per share on the $1 ;
.on
additional
Holmes, Chairman,- Vice-President of Douglas L. Elllman & Co., Inc.,
Joseph Pulvermacher, President of the Sterling National Bank &
Trust Co. of New
York, and Joshua Morrison, 15 William St., N. Y. C.,
who will also act as
Secretary for the committee.
Abraham N. Geller'
1428.
p.
the
reorganization
The Milwaukee Co.12.5%
Morris P. Pox & Co
5.0%
Gardner P. Dalton & Co.—
2.5%
40.0%
Bacon, Whipple & Co
12.5%
Kebbon, McCormick & Co. 12.5%
Loewi & Co.i.
12.5%
The Wisconsin Co
non-cumulative
if1
Huyler's-—Wipes Out Dividend Arrearages—
;The directors
secured
bonds
follows:
are as
of
fee
interest up to 1 Va% per annum.
They
t>y a first mortgage on the land and 22-story apartment
hotel at 666 West End
Ave., N. Y. C.
: The petition was filed by the owner
pursuant to the recently enacted
Section 122-a oi the Real
Property Law of the State of New York.
The petition states that because of
the
the
purchased by them severally,
mortgage
and
are
principal underwriters and
shares of common stock to be
UNDERWRITERS—The names of
the percentage of
the unsubscribed
•
the formation of a protective committte for the
refunding and sinking fund bonds, due April 30,
1946, was made on April 3, following the filing of a petition for re¬
organization in the Neiv York Supreme Court by The Windermere-92nd
Street Corp., the owner of the
property.
The first
mortgage bonds are outstanding in the principal amount
of. $2,565,"500, and are entitled to fixed interest at the rate of 3%
;
During^the war period the company continued the manufacture
sale of its regular peacetime products to be used principally for
military
purposes,
except that production of hydraulic jacks for
.
and
trade.
•
Announcement
first
and service stations.
garages
The
Hotel
Windermere
(The
Windermere-92nd
Street
Corp.), N. Y.'City—Protective Committee Formed—Re¬
organization Proposed—
2007'
v.
163.
p. 1429.
Feb.
on
28,
1946,
•.
outstanding
that date,
prices, was $34.82, coinand $26.97 on March 31, 1945.—
.
v.
....
*
Holly Stores, Inc., New York—Registers With SEG—
'
Company- April- 11 "filed a registration statement with the' SEC
covering 32,000 shares of 5 % cumulative convertible preferred stock,
'Par $25) and 100,00ft shares of common stock ($1 par).-Price to
.the public will be- filed
head the
by ameridment.
Carl M. Loeb, Rhoades & Co.
'
underwriting group.
'
.
Proceeds
will
be
-
used.
-
to.
reimburse
the
company
•
-
for expenditures
.The City
Bank Farmers Trust Co.,
pointed,transfer, agent for the
New York, N. Y., has been
common
stock.—V, 163,
p.
ap¬
Iowa Public Service
1866.
.
V Indiana Harbor Belt
•
Period End. Feb. 28—
•Railway oper;
■Railway - oper.
RR.—Earnings—
.1946—Month—1945
revenues
$1,144,173
expenses
-
1,207,643
$1,326,099
1,200,563
1946—2 Mos.—1945
$2,490,777
$2,702,961
2,428,561
2,515,778
in
retiring all its ,7% cumulative preferred and class A stocks at a
cost of
,$200,010; for prepayment of a - $400,000 promissory not pay-i
.able to Manufacturers. Trust Co..and on account of $153,000 spent
lor
construction
or
remodeling
of
six
store
properties.
•*:;
ry.
opers.
Railway tax accruals—
Equip, and joint facil•ity rents
,
Home Insurance Co. of New York—Promotions—
The Home Fleet of Insurance Companies announces the following
.appointments: Arthur F. Herman, formerly Assistant Secretary of The
Home Insurance
Co., has been appointed Secretary of the company
and The Home
Indemnity Co.; Walter W, Allen, formerly Manager of
Net rev..fr.
Net
ry.
$125,531
$62,216
79,383
168,026
deficit.
158,466
88,717
319,584
$425,394
6,702
$176,756
3,055
$42,569
2,910
$39,659
$418,692
6,263
83,729
$169,876
6,260
.
^burban department,, has been appointed Assistant Secretary of
^ne Home, and Kenneth H. Black, formerly in charge of the war dam°i
department of The Home Fleet, has been made Assistant Secretary
Home Indemnity Co.—V. 163, p. 1285.
The
Mi:;c..-deducts, from
Total
fixed
inc.
.3,122
41,776
charges
Federal
3,139=-
33,879
6,880
income
.
Gross
Total
Net
..
deficit
"Deficit.—V.
$348,954
1159.
—*
163, p.
$76,677
and
excess
Net
profits taxes—
324,822
723,72(5
-
688.551
859,448
.
2,888,221
627,697
865,593
v
$1,463,142
38,675
$1,501,817
charges and other deductions—
accrued
$6,663,086
608,449
operations
$1,233,015
-7
42,089
$1,275,105
—
on
preferred
stocks
747,262
616,495
$754,555
334,902
$658,610
334,902
$419,652
income
Dividends
1945
$7,109,995
3,120,075
372 328.
_—
income
interest
$323,707
67,688
Balance
?
;
Net earnings from
Other income (net)
210,453
$307,111
.
—
Total deficit
Maintenance
,
1946
-
Provision for depreciation
.Taxes, other than Federal income
$187,183
153,486
$304,056
oper.
'Other income
"$63,470
85,175
Co.—Earnings—
12MonthsEnd.Feb.28—
Operating revenues
Operation
$243,824
$508,684
'
Earnings per share
—V.
:
(J
i
163, p. 1429.
on
412,000
com.
shares
$1.01 7
<1-.
::v5r*'
$0.78
%
IK-
2008
Jewel
'
Vferfrut
R,S S
1946—4 Wks.—-1945
23—*
-1—-
-
r
3,500
Oil,
1946—12 WkS.—1945
^
ural Gas.
companies,
chandising
The
in
Enlargement
of the new
INCOME
success in fur¬
^^JSt&fSSOPSA\di
1944
$68,367
$60,005
88,217
2,140,338
2,155,807
173,065
3,084
18,012
Miscellaneous income—
«^>f w
82,714
103,571
14,609
^The
obli-
Govt,
S.
dividends
Taxable
divs.
in
$34,027
93,750
9,500
93,750
This division, Mr.
3.
45,840
44,221
43,721
40,328
Prov. for franchise, cap.
stock & miscell. taxes
16,847
24,707
29,516
47,651
Miscellaneous
53,377
45,997
43,807
38,808
$1,956,160
$2,196,173
$1,956,612
$1,870,157
194,596
fees
Management
Registration,
custody
9,600
__
compens'n
Prov.
162,238
10,700
12,700
Kansa& Gas & Electric
«
2 Mos. End. Febr 28—
^
expenses.
for Fed.
inc.
The
Operating
expenses
amortization
retirement and
Property
'
—
110,000
—V.
163, p. 312.
Federal
$266,789
(1)
—
Straus & Blosser on
■
•
IV'ft'
Inc.—Secondary Offering—Van Alstyne,
effected a secondary distribution
of 45,000 shares of common stock (par $10) at $39 per
shares.
Dealers discount 60 cents.—V. 163, p. 1730.
Hoppers Co.,
(S. S.) Kresge Co.—March
NET
p.
1429.
"
1946—Month—1945
Period End. Mar. 31—
Sales
y V
1730.
1946—3 Mos.—1945
$11,235,475 $11,149,366 $30,994,137 $23,921,185
—
—V. 163. p.
'
sue—
March
net
menced
■■■■■
company,
Special
.
'
reason
11 filed
; Lane Bryant, Inc.—March Sales Increased 7.9%—
Period End. March 31—
Net sales
1946—Month—1945
1946—3 Mos.—1945
$4,842,633
$4,489,642 $11,229,544
$9,905,236
Balance
Recovery
State
Latin American Airways, Inc.
loss
prof,
real
on
on
31,
1946
-Buys Six PlaneS-
Of the Grummans,
two
are
now
ready
for departure
expected in the next few days.—V. 163, p.
and the third
is
asset
value of $62.89 per share of the
corporation
on
estate
municipal
31, 1946—the highest in the corporation's history—was announced to
stockholders April 8 by Robert Lehman, President, in a report cover¬
ing, the first nine months Of the corporation's fiscal year.
This asset
ft- value compares with a* figure of $57.71 on Dec. 31, 1945.
The asset
value a year ago was $45.42.
A special dividend of $2.41 per share
: was paid from security profits on June 25, 1945.
The report shows that during the period under review the corpo;
ration has realized net long-term capital gains of $7;279,521,
for
Federal tax purposes.
The corporation is.a regulated investment com¬
pany under the Internal Revenue Code, and, as such, is relieved of
Federal
income tax on net long-term
capital gains distributed to
stockholders as a "capital gain dividend."
„
assets
804,129,
the
of
the
corporation
on
March
31
had
a
value
of
$123,-
of which *50 9s'no<* repr^^ted net. unrealized anorec'ation
corporation's portfolio.
Cash,:, receivables and Government
bonds amounted to $17,395,906, or 14.1*6 of gross assets,: ':
' V»'V' *
The largest single concentration of investment continued to be in
oub'Vv WU'tv ^cnritiM. With a market vine of $24,079,190.
The next
T
largest investment, amounting to $14,394,950, was in oil securities,
tbo holdings in this group having been substantially increased during
the past quarter by the purchase of 20,000 shares of Barnsdall, 9,600
?
"'
"""
6,250
STATEMENT FOR CALENDAR YEARS
1944
♦This
debit
net
Other
$6,463,843
28,077,121
$2,107,566
220,557
$5,884,508
310,125
$5,853,456
$2,328,124
profit
33,815.04 7
2,998,523
$6,194,633
$6,066,736
March
tne
profit
has
of ?^*cap
31,
1946
262,712
before
taxes
Federal income tax
316,422
587,248
$5,878,211
$5,479,488
880,000
1,122,049
(net)
arising from carry¬
back of unused exc. prof. tax. crd.
date
corp.
$9,847,153
Net
profit
dividends
Preferred
13,624,814
116,989
dividends
Common
163,
end. Mar.
31, 1946
prior year__
in
computed
the
on
<long-term)
tThe
March
on
SHEET,
basis
of
unrealized
1946
interest
t
31,
estate
total,
(300
shares),
$421,862;
U.
of
S.
shares
shaies
net
of
March
31,
1946,
a. total of $123,804,129.
appreciation amounted to $445,000
the cash
Sales,
other
and the cost of
Operating
of
June
on
1,
1945,
the
whole of the
convertible
on
or
preferred stock.
Each share
before May 21, 1945, into four
Of the 56,741 shares of preferred stock
1945,
56,124
shares
converted
were
and 617
The
INCOME
ACCOUNT
YEARS
CALENDAR
FOR
and
1944
$14,652,302
allowances
$13,378,374
9,007,712
9,659,413
1,535,983
2,364,616
1,639,453
$991,179
$366,593
2,465,727
profit
270,563
221,018
$1,261,742
S587,611
482,000
187,000
income-
Operating
Normal
Excess
profit
and
and
other
income
surtax—
profits tax
900
(subsidiary company).
Net
profit for the year before application in
of the following refund claim
for refund of prior year's Federal taxes
resulting from carryback of unused excess
profits credit,
less applicable reduction of
postwar refund of $150,000
1944
$779,742
$399,711
$779,742
$1,0.99,711
Claim
Further details follow:
rate
18,
redeemed.
less discounts
Other
was
$4 per annum, cumulative from
1,, 1946, payable quarterly March, June,
Sept. and Dec.
redeem
Manufacturing and shipping cost
Selling, admin, and general expenses
Provision for depreciation and depletion!
LeTourneau, Inc.—Preferred Stock Offered—
made in our issue of
April 1 of the offer¬
ing March 28 of 50,000 shares of $4 cumulative
preferred
stock (no par) at
$104.50 per share and dividend by a
group of underwriters headed by Alex Brown & Sons.
700,000
Voting.
Amount
or in part by lot at any time on 30 days'
and accrue(l dividends, with reductions on
Earned
£er
March 1, 1949, and
periodically thereafter.
transferred to surplus
surplus since April 1, 1936,
beginning
Redeemable for purposes of
per share. Sinking fund to provide for the retire¬
ment annually of 2% of the
maximum number of shares of
$4 cumu¬
lative preferred stock theretofore
issued.
* *
of
balance at
r
.
4,090,378
3,943,823
'$4,870,120
57,167
839,025
year
$5,043,534
-L
fund_at $105
Balance, surplus
Dividends paid on 4% preferred stock
Dividends paid on common stock
ft-
'
HlSTOlRY^'BUSINESS—Company
Snll efe* ca~rLonMr. business
a
near Stockton, Calif.
,
incorporated Nov. 19, 1929, in
begun in 1919 by R. G. LeTourneau
was
LeTourneau
business and,
Tn
i
in
connection
was
engaged
in
tfntted by 1936&
products
was
Earned
at
his
of
was
discontinued
?n
1936,
common
'
balance
$3,973,928
share—
$0.82
'
are
$4,090,378
$0.24
DEC. 31
1945
1944
$3,489,504
U. S. Govt, securities, other than those
gated below (at cost)—
Accounts'' receivable-—-
discon-
$3,572,121
5,712,785
557,367
5,821,584
segre-
,
engaged
U.
S.
excess
profits tax
refund
:
438,813
bonds, redeem¬
able Jan. 1, 1946
®
342,602
Inventories
(at cost or market, whichever is
lower).-1.
Investments and other assets: '
\
.«
.
-
4,032,065
power for many of the other
also used with tractors
manufactured by
others.
The power control units serve
as: a medium for applying the
power either from the front or rear of a
tractor or Tournapull to cable
c°nti oiling the
scraper, dozer or other
earthmoving
U
are
S.
Govt,
ket),
securities, at cost
segregated for deferred
(below
securities, at cost (below market).—
Claim for refund of prior year's Federal taxes
resulting from .carryback of unused excess
profits credit and, in 1944, estimated postWar refund of excess .profits taxes—.
1
3,000,000
1,000.000
700.000
1,037,400
construction,
ment
such
4,000,000
mar¬
rehabilitation and
plant improvements—<•;
Investments of insurance reserves in Govern¬
equipment.
3,906,805
1,000,000
.
Tournapulls^.furnish the motive
some of which
bl^.°vfmg equi.palen of the cornpany requires a power control unit
units11'
company sells equipment either with or without
n«T?,?,.K0^PainyfS PTOd»ctJ are used by contractors and others engaged
•leiiee^iraUrohds,^^ mtaes^sSp^ihS^tS1 fSds dlanddevSng8*bSdiiw
exwvationsi cantoiunenW piU^^d
226,964
726,192
■:
ft
5
.
ASSETS—
Tournapulls, scrapers, power control
units, Angledozers
bulldozers, Rooters, pushdozers, sheep's foot rollers and
tractor cranes'.
products, the
April 1,
'
tmhit' nnH^pnin bUSinfhS of. inventing- designing, developing, manufac^ Hing earthmovmg machinery. Company's principal products. include
to 4U principal
since
year
CONSOLIDATED BALANCE SHEET,
and manufac¬
begun in this plant, the manu-
Rt the Stockton plant being substantially
?a
of
Earnings per
earthmoving equin-
Company and its subsidiary, LeTourneau Co. of
Georgia
products,
surplus
end
the company engaged
a new plant ^ comPleted in Peoria, 111,
company s
yftft
-
the contracting
therewith, designed and manufactured
crt«f contract1ingf phase of ,the bas^ess
♦SLlf S? '
turing of the
The
always
1945
<R«
Entitled to dividends at the
common^ stock.
were
CONSOLIDATED
unrealized appreciation $50,967,094.
ujv»
sinking
not
conversion
of
these preferred
shares
required the issuance of 224.496 shares of common stock, thereby
increasing the total number of common shared issued from 769,985
shaies to 994,481 shares.
Of these 994,481 shares issued as of Dec.
31, 1945, 43,701 are held in the treasury, making a .total of 950,780
shares outstanding in the hands of 5,500 stockholders,
realized
Allowance for State and
to
cumulative
faas convertible
outstanding on April
$72,392,035.
$9,799;
of
elected
4%
preferred
speCial dividends paid (debit), $11,189,761;
as
directors
outstanding
for securities sold,
accrued,
investment, $1;
assetsJiujj p* 313. leaving the net
$72,392,035,
Mention
is
Lehigh Portland Cement Co.—Annual Report—
The
1946
average cost), $13,880,307; other securities
miscellaneous investments and ad¬
corporation's assets
T
it
ended
i«
or
reasons
appreciation of
$50,967,094.
was
anc! ^curities taken at market quotations, amounteu
T;3649';2?' and the assets having no market quotations, but apnnt lair value in the poinion of the directors, amounted to
$1,155,005
mechanical
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
$54'4109'621;
treasury stock
£?
450,000
possible
cost.
average
for the nine months
net
31,
MARCH
and
°$721392S035ntS
124,550
450,000
58,899
«i9ar«QS pur°based> $218,944; reserve for accrued expenses and taxes,
*an?ioLo ? (1,947'077 shares par $D, $1,947,077; capital
surplus, $80,712,982;
total
<121,619
*$7,576^563
——__t$15,901,505
Jn receivable
banks> $2,794,712; receivable
real
■■*
450,000
1730.
p.
order.
dividends
$684,872;
$2,059,380
$23,471,967
»
mos.
1946
$7,279,521.
obllSati0^ (at
vances,
10,585
$2,148,223
Dr65,000
31,
BALANCE
S. <£0
53,691
$1,299,412
com-
—V.
invest, written off
been
assets
2,394,649
Cr130,000
16,000
State income tax
from
1.014,873
2,554,247
—
ref.
for
Claim
PAID—
i gain
.was
213,280
$2,065,412
charges...
Federal income tax purposes, capital gains and losses are
by identifying the cost of each certificate
sold, and on this
corporations
2,557,586
1,752,099
taxes
March
1943
32,653,920?
2,893,261
'Total income
INVESTMENTS AND
invests,
on
the
6,250
Company
Other income
$4,711,743
ON
and
follows:
as
12,500
—
Gross
__j
are
12,500
goods sold
Selling, general and adm. expenses-
$80,712,982
31, 1946
underwriters
several
12,500
NOTE—-For
Balance,
il\¥
March
net
Sales, less disc., rets., & allowances $37,654,747 $42,698,079 $36,488,163
which
stock)
the
1945
1946
31,
of
McCormick & Co._
Shields &
$4,507,683
1,956,160
sale
Lehman Corp.—Highest Asset Value Reported—
the
S. Moseley & Co._
Kebbon,
INCOME—
nrimnJnt in the design, manufacture and
primarily i!i0Vfh § ®qu.ipment* AJter incorporation,
1429.
names
purchased by each
of. shares to be
Cost of
(of
of treasury
ORDINARY
30, 1945
invests, for 9
^eS!mafb^naoS-« whole
E. Rohlsen, President, announces that the company has
purchased 1hree Curtiss-Wright C-46-D airnlanes and three Grumman
amphibian. $ J2I?6's from the Way, Assets ^Corporation. The company
also is negotiating for the purchase ot ah additional Curtiss-Wright
C-4G-D on a part-payment basis, he added.
* ■
The Ciut'ss-wrigh'-s are now in prccess of reconversion at Tulsa,
Qklu„» Mr. Roh:sen said, and were expected to be ready bv April 13.
balance of
Dean Witter & Co. —L
'
1946
DIVIDENDS
debit June
and
March
1429.
lirnry
of
MAR.
business, Sept. 24, 1929, to June 30, 1945
declared
during previous fiscal years by
of profit realized on invests,
during those years.
Net realized
.
manufacturer of women's dresses, on April
the
Alex. Brown & Sons_.
net ordi¬
on
divs.
a
163, p.
31,
realized
NOTE—Of the
registration statement with the SEC for 130,000 shares of common
stock, (par $1).
Of the total 80,000 shares are being purchased by
tba underwriter
from the company and 50,000 shares from two
stockholders. The price to the public is $6.50 per share. Otis & Co.
heads the underwriter group. The company plans the use of approxi¬
mately $106,000 of its share of the proceeds for the purchase of
new
machinery and equipment.
A portion not exceeding $250,000
may be used to acquire an additional plant site and constructing a
new
plant thereon.
that
Federal excess profits tax
ft:'ft"
L'Aiglon Apparel, Inc., Philadelphia—Registers With
or
Shares
at
LIABILITIES—Dividend payable April
8, 1946, $584,033; payable for
Co.—March Sales Increased 0.8%—
(S. H.) Kress &
Gross
ENDED
ftft
dur. 9 months ended Mar.
REALIZED LOSS
NET
1946—3 Mos.—1945
^$18,123,209 $20,554,177 $48,170,124 $49,385,355
Sales
UNDERWRITERS—The
■
number
dates.
___
(3)
Sales 11.8% Lower-
1946—Month—1945
as
on
required for such purpose.
presently contemplates
CONSOLIDATED INCOME
MONTHS
9
U,4V>'-
SURPLUS—
Balance,
tonn
period End. March 31—
which could be
company
Profit
$200,661,
A net
into income
ex-dividend
_____
declared
X[fLe.r'
determined
.
Noel & Co. on April 4
v
FOR
Total
Divs.
SPECIAL
Dempsey-Tegeler & Co., A. G. Edwards &.Sons, Pacific
Co. of California, Jenks, Kirkland & Co., and Seligman,
Lubetkin & Co., Inc.
Proceeds will be used to repay
bank loans and for general corporate purposes.—V. 163,
1286.
market
of
absence
taken
were
the
on
Balance, June 30,
1945
ordinary income
Preferred Stock
Aparil 12 offered 60,000 shares of $1.20 cumulative con¬
vertible preferred stock (par $22.50) at $25 per share,
other
members of the offering syndicate included
—V.
securities
Net
York City firms.—V. 163, p. 781.
Offered—A syndicate headed by
ft
the
such* income.
on-
SURPLUS
UNDISTRIBUTED
Accum.
,
liability
OF
CAPITAL
(2)
operations, with particular re¬
and cost-plus-fixed-fee account-
Oil Industries, Inc.
Kerr-McGee
The
in
securities
June 30, 1945 and March
$9,799 is applicable to 300 snares
accounting capacities with Scovell, Well¬
associated in
ington & Co., and other New
163,
of such
Balance,
Lucie,
has-been
—V.
tax
STATEMENT
•
company's financial and accounting
sponsibility for taxation, renegotiation
-
in
or,
Treasurer
Assistant
p.
assets on March
the corporation's
income, as the corporation has elected to be taxed as a regulated
investment company and intends to distribute during the fiscal year
substantially all of its taxable net ordinary income, thereby incurring
166,807
$391,896
Taxable dividends paid
market value
$433,596
formerly Controller and Assistant Secretary and
of Kaiser Cargo, Inc., Bristol, N. J.
has joined
Kellett Aircraft Corp. as Executive Assistant to R. G. Kellett, Execu¬
tive Vice-President and Treasurer.
Mr. Lucie will supervise the Kellett
E.
of
quotations,
nary
Kellett Aircraft Corp.—New Officialwaiter
thereon)
market
(3) No provision has been made for Federal income tax
/y.,-f
—r—^
income—
Net
tax
on
on
F.
533,591
167,238
applied
Great Britain.
income
based
'
-
■
be
1946,
the
590,779
133,583
$559,134
operating income —_i——
(net)
*
/■' ■ i;.;
Total
will
Federal
no
Total income deductions
$5,073,000)
31,
(2)
-
which'are
of
for
$l,69i,549
133,583
409,569
(estimated
proceeds
all
.
'-v)••','ft9".' •••''
operations of the company, including approximately $350,000 for the
acquisition of land and construction of the proposed factory building
at Longview, Tex.
(2) Approximately $400,000 for investment in Le¬
Tourneau
(Great Britain) Ltd: for the purchase of machine tools to
be used in, the manufacture of variousf* of the company's products in
Co.—EarningSr-
shares,
ft;:
i'
'
proceeds, estimated at approximately $2,476,245, will be used for the
following purposes:
(1) Approximately, $2,000,000 for the purchase of
machine tools and buildings for use in the domestic
manufacturing
fair value in the opinion of the directors, has increased
approximately $23,678,805 since June 30, 1945.
632,320
63,827 Vst
determined by the number of shares thereof outstanding on
the
redemption date. Thus the amount mentioned above is the maximum
tax.
ordinary income.
quotations,
1945 f,
be
.
NOTES—(1) The net realized profit on investments for the 9 months
ended March 31, 1946 was $7,570,463.
The net unrealized appreciation
(after an allowance for State and other taxes but without allowance
world when
$1,734,60b
would
purpose.
Not exceeding $2,596,755 will be used for the redemption
amount
A
Net
Frazer declared, ex¬
r
—'i—
such
for
be
transfer,
_
the
Operating revenues*..^.
4o0,000 shs.
May 5, 1946, at $105 per share, of all outstanding shares 0f
$4.50 cumulative convertible preferred stock.
Since such stock is con
vertible until the close of business on the redemption date into
shares
of common stock, the amount ultimately required for such purpose
will
93,750
$2,370,170
Salaries
Directors'
is producing the RototiUer power tiller, multi-purpose farm
designed primarily as a one-operation tiller.
The Export Division of both Kaiser-Frazer and Graham-Paige,
al¬
though still in the process of appointing distributorships, has named
€2 automobile distributors
and 61 farm equipment distributors in 80
of April
stock
preferred
PURPOSE—Net
already
as
50,000 shs.
600,000 shs.
:^
$2,279,881
$2,322,839
142,733
machine
areas
such
of
reserved
follows:
$2,565,197
150,850
income
Total
Equipment Division of Graham-Paige is also continuing
to appoint dealers who will sell their products through a system in¬
volving 72 distributors, all of whom are already named.
The company
pects to have a total of 2,000 sales points throughout the
new marketing system is completed.—V. 163, p. 1730.
Outstanding
50,000 shs.
par)
($1
about
Farm
foreign
stock
preferred stock outstanding on Dec. 31, 1945.
The maximum number
of shares of common stock issuable through conversion of all
shared
•
other bonds
On
Cash
a
up
U.
gations
wiS"
♦Amount outstanding may be increased by the conversion of an' undP
termined number of the 25,531 shares of $4.50 cumulative convertible
121,079
2,106,763
securs.
82,182
2,102,997
33,909
$44,339
105,000
On
distributor-dealer organization for the products of both
these corporations which we believe is already the equal of any in
the industry in terms of invested capital and merchandising experience,
"We are continuing to select and appoint new dealers in many parts
of the country at the rate of up to a hundred a week.
Applications
received at the factory to date have totaled more than 35,000.'
The grand total of 3,511 was listed by Frazer as of April 3.
Of
these 146 are distributors for the Frazer automobile and direct dealers
lor the Kaiser car.
The remaining 3,365 are dealers in both automo¬
biles.
The Kaiser is set to be marketed on a direct factory-to-dealer
built
Authorized
1943
1945
distrih,.
ng
;
1946
«
through its
manufactures
.
stock (no par)__„.
$4 cumulative pref.
Common
ENDED MARCH 31
9 MONTHS
ACCOUNT,
earned—
Interest
nationwide marketing system," was an-
also
>
'
'
$13,108,455.
-
Company
purposes.
1945
CAPITALIZATION GIVING EFFECT TO PRESENT
FINANCING
corporation's portfolio changes since January 1, 1946, resulted
securities sales, on balance of $4,838,274, exclusive of Govern¬
bonds. !
'
handle the Frazer
Anoointment of 3.511 dealers and distributors ■ to
Kaiser cms and farm equipment and
"continuing
and
ther
totalling
replacement
,
net
ment
Completed--
|
'
for
tors
rods, principally for its own use.
investment wast Id the securities Of mer¬
The third most important
Corp.—New Marketing System Soon
Kaiser-Frazer
1
,
$4,505,384 $16,850,221 $13,707,930
$=.805,259
which is installed on its new equipment and sold
5,000 SkeUy, 10,000. Texas PacifidCoal &
Continental Oil, 3,000 Seaboard Oil and 500 Republic Nat¬
Standard Oil of California,
Sales ' tip 28J9%~
Tei:Co^to^
knd Maf
Monday, April is,
CHRONICLE
THE COMMERCIAL & FINANCIAL
Non-eurfent receivables; * less teserve—^—4—) 1
♦Plantr-assets (at
"
t6M1
br beiow« cost)2J-:*_a.i^-
6JJ69
19,232,526 -
$39,291,«s7
89,454
059512
Nmnber 4481
Volumfe 163
THE COMMERCIAL
& FINANCIAL CHRONICLE
200»
mm
ta'«tSr"'"Zksind
surplu8r^---^^j^---~rrr---:""~
Capital
'r~"~~; '* ao^'aoo '■
5'non'^Q
\
$55,800,- for working
capital
oaiance, estimated at
/
account,
receivable
;. fr0m subsidiary companies:
*":' '
"
®
Kedoluc^nVh7^Tn"t-^^::-::::::: ^l-.ffggg
;--.-=^~-fc-.-Si~S----------------- $39,29W54 939,042,786
Total
-for depreciation and depletion of $29,054,546 in 1945
$27,937,105 to 1944.<*$43,701% shares.-V. 161, p. 2557.
Inc.—Pays RFC Loan—"
T.ear.
Marine Midland Trust Co., New York.
^„.a
Corporationiloattto
"This
auction of
w„tlme
oro
iSS» nS^St JSJS-
'J?
off since
military equipment has been' sptematicaUy paid
wC oS? S^sinexLsof
year, the
report Xor the past
annual
2 to
l
*In
Us
_
was
was
electro-miechanical supplies and..,;radio ."equipment for the armed
Its peacetime products include Lear Home Radios, aircraft
radios
magnetic reoording, and electro-mechanical products, such as
servo
actuators, automatic temperature control for cowl flaps, fracUonat horsepower motors, etc.
V. 162, p. 783.
.
'
in
preferred
second preferred stock and the
to-^be ksued only in exchange for present
provided for under■ plan and, secondly, after
Tnder^htlon"^^
such preferred stock.-V. 163, p.
to
__
163,
p.
1730,
r\t*
i
1430.
Mumifaptuvprs
Th*
f/2S?
4
rSftS
York
New
Co
Trusf
iVopk
41
Sar
N
has been
Y
I
«
value
the capital stock, $1 pai value.
transfer agent for
appointed
on
April 4 declared a
Net profit
ovirHH™
the
underwriter,
fihnvp
thp
to
shares
beine
offered
to
shares of comthe
nublic bv
the
is offering to the warrant holders 100,000
company
stock issuable upon the exercise of stock purchase
warrants, warrants to purchase an aggregate of
75 000 shares of common stock have been sold to A. R. Perkins, President and a director of the company, at a price of lc per warrant.
of
shares
warrants.
common
such
Of
m<?TORY
Corooration
-business
k
formerly
known
as
Oneonta
Company^ was organized by_H. H.^J-unn. wno was wen^i^»wn
Mr. Linn remained with the company
originally engaged in the maimfacture of
trailers for vdight ^weight haulage and land yachts for
mobile -homes.-i> These trailers and
land yachts were attached to
standard1 passenger cars and standard trucks by which they were
drawn.
:
:
'
in the tractor and trailer
death in
his
field.
Electric output of
this
24 408 000 kwh
corresponding week 1$$'
for
pommmv
motor
Mr
iiwJStip use of the tuh^ rtttd S2e ApaSvehicle, which incorporated the f.2^the tubular steel frame.
fSures S
features, were manuiacturea
minnH
Sjns
Tnn!mSthfc'owlny 'AS&M
for the British War Reiief Sooiety
approximately 37 British Field Kitchens on lJ/2 ton Chevrolet Chassis.
In 1940-41, the company constructed on an experimental basis for the
U. s. Signal Corps 34 communication trailers, mounted on 6x6 Army
trucks and also constructed gas-proof bodies for radio operations, and
also produced for the Signal Corps 360 K-60 van bodies mounted on
6x6 Army trucks.
During this period the company constructed for
the U. S. Medical Corps 7 front-wheel-drive mobile hospital units and
7 semi-trailer hospital units.
In 1942, 7 front-wheel-drive 272 ton
radio repair shops were constructed for the U. S. Signal Corps.
In
1943, 27 K-55 trailers were built for the U. S. Signal Corps and
K-60 radio van bodies were constructed for the Army Ordnance.
1944-1945, the
company
S. Medical
750
In
built 25 front-wheel-drive ambulances for the
Corps.
period, the company also manufactured a number
of items of war products other than in the truck or trailer field.
All
war contracts Were terminated on or about VJ-day in August 1945.
During the
V
'
ioa*
m
ioak
$I>,°4J,617 $6,483,36i $16,255,514 915,965,556
~
company operated 199 stores m March, 1946, as compared with
202 in the same month last year.—V. 163, p. 1288.
Long Island Lighting Corp.—Annual Report
company
experienced
record
a
increase
of
average residential use of electricitv in 1945
Sfpffiswnd'
aZul'l
restrictions
wei-e
P
in
Rarretf
of
eliminated.
As
and
the
eas
as
had
company
3,231,364 **3,231,364 A
—a4— \■,.'4,979,320
r
348,434
348,434
153,164
>v
.
Public Utility Holding
ICt. otOCK——
x
Holders who do not convert
♦Sra'wwJsn
«•
amvnwu
„TlM d'iVu
83,468,639 $3,590,218 $M«,879 *MQ4,J7J
* D '
JJ"
MadisOll Square Garden Corp.-—Earnings—^
j
•
Period End. Feb. 28—
""Net.profit :
f
v
i94flZo
$226,656
$508,208
$128,652
authorize
,
Revenues^of the .company_ for 1945 again were the highest in the
CAPITALIZATION
GIVING
EFFECT
y
.
Two-wav
radio
Two-way^
Wg.
rommunication
Title
Common
Authorized
.
stock
(10(f
t750,000shs.
par)
demand notes to bank
Common
Elec.
gener.—net
Peak
load—(kw)
Max.
day
Cu.
stock
purchase
9,719,895
38,782
9,097
23.46%
281,562
meters
COMPARATIVE
276,364
5,198
1.88%
202,523
.
100,000
Outstanding
,t,210,000 shs.
INCOME
STATEMENT
FOR
CALENDAR
82«l£°#ffrJ nt
750,000 /shares\of common stock (10* P") and
sbares (no par) common stock outstanding into
If all of the common stock
remain
/onsoi an ^ 0
warrants are exercised, there will
$5%*
rfP
shares of common stock authorized but unissued.
New Yrdir
mand promissory notes payabie to Bankers Trust Co.,
'
?
n?fJ£^s of1JnewJCommon stock.
;;^
?7<innA
-
2;,^ese 'Ya"rants ,are outstanding, and an additional 25,000
underwiH^
u^ssued warrants will be outstanding if the
offered
*
8
of the 250'00® shares of common stock now
Presently
,,
-K
4
r
asono!£0SE~T1mestimated
Purchase. of the American Propeller Corp. war plant feat Toledo,
YEARS
the Martin-Parry Corp. of Detroit, t was announced on
The new plant is one of those put up by the Defense Plant
Corporation to serve as a model and guide for plant design, it was
stated by T. Russ Hill, President and General Manager of MartinOhio,
..
S22SSS
—
2flnnnnn
I'So^nnn
—
1
—-
019471
Maintenance
ODeratine
Nonooeratine
stand
Reserve for discharge of unsecured notes
v
.
0n
$3 323 660
16*666
and also
------
77
The produCtion buildings cover 500,000 square feet and
acres'
1,269.703
the plant at York,
0/
■
,,
,
653,050
333,000
—
$895,180
mJ
,
x
«
?
■
^
d
a
^
M
,
„
,
1946—Month—1945
1946—2 Mos.—1945
$7,311,800 $6,437,736 $13,861,900 $11,073,778
^
Stock to Be Offered for Sale—
..
$1,981,230
.
SaMci W"^868^4^
j
Mercantile Stores Co., Inc.—March Sales—
82,332
685,025
Pa.—V. 163,1-p. ■655.:;%>^.,^ii^--:^^,;''■
V. 163, p. 1288.
Period End. Mar. 31—
Sales ^
.2
2
I
Period End. Mar. 31—; 1946—Month—1945 43. 1946—3 Mos.—1945
at retail
$5,576,217 $4,617,613 $12,575,136 $8,704,121
Sales for March, 1945, included Palm and Easter weeks' business.— "
1,301,935
21,190
33,993
$1,554,372
t
,
Sales
$3,338,348
——,—.——
i:
'
Melville Shoe Corp.—March Sales Up 20.76%— 4 '/
14688
$2,960,799
14,702
39,690
-
*
'
-
Co
Mr. Hill added that E. Robert Leeder, Vice-President and Assistant
General Manager, would be In charge of operations of the new plant
1,877,671
1,260,000
"
income—net
inC0me
Interest on iong-temTebL:/-:~
other interest, less interest charged to util. pit.
Amortization of debt exp. and miscel. items
portion of charges to earned surplus occasioned
by losses on sales of proDerties, equal to the
resulting reduction In Federal taxes on Income
..
,
3
Net income for the year
i
:
i
#
Reservations by orders of P. S. Comm. to:
Reserve for sinking fund
;
*
1,951,168
p
1'295'000
$2 944133
lutumc
Gross
oro nnn
.
income
by
April 4.
^
rir'^i
816,521
b,oib,7bB
1,539,655
net proceeds will amount to approximately
Of suph
a low of $6.3772 per share.
It is expected that the rights will be
admitted to dealing on the New York Stock Exchange.—-VM62, p. 2944.
A. /it'i'
1
v
912,471
6,581,037
1,409,276
?PJLrat^^
c+nnlr
Martin-Parry Corp.—Acquires Toledo Plant—
gas purchased from Nassau & Suffolk Ltg. Co.
°p"atln? axPenses
•
-
>
-
J9*5
Provision for Federal excess profits tax
§75,000
of the 250,000 shares being presently offered for cash are
there will be 460,000 shares outstanding.
TCompany has filed certificates uinder applicable New York law,
increasing the authorized capital stock from 1,000 shares of common
210onnlw,
,
Other taxes
as
$$400,000
warrants
2.05%
.4.88%
3.24%
8.24%
47,879
{
-DirtB+c
nn
the stockholders.
1
Stockholders of record as of the close of business April 22, have a
prior right to subscribe to the offering. ,; Subscriptions may not be
made unless received by the close of business on May 15, 1946.-4« '
The stock is listed on the New York Stock Exchange and during
the ten days ending April 4,»1946 sold between a high of $6.8772 and
(1,000
sendout
ft.)
sold
®ow,8QQ.
13,974,993
7,300
6,567
801,013
*
ivr<iit.A
^araca*^0 ^^ ExploiaUpn Corp. ^Rights to Stock-
$220,000, after deduction of incidental expenses.-Alt is planned to use
the proceeds of this offering in financing the development of proven
Increase
(kwh)_. 695,338,844 681,363,851
156,900
149,600
the services.—V. 163,
'
.
or semi-proven oil projects—a type of operation which has been carried on by the company for the past five or six years.
Directors
believe that the funds can be invested profitably, to the advantage of
SUBSIDIARIES)
1944
*'
•
*; .
'
.
'e
The d^ectors have decided to offer for subscription 66,000 shares of
the unissued capital stock at $3>60 per share, I{ fully sub6eribed, this
wiu increase the cash resources of the company by approximately
ATT
1945
this corporation in January as speciai assistant
holders—
niBniy enecuve in expediting emergency wont.
Through the operation of the sinking fund, $668,000 of the company's 3% 7* debentures were acquired, increasing to $2,490,000 the
amount held alive in the sinking fund at the end of the year.
ah
-
'
u
1945, and as
follows:
rnn
«.
SYSTEM OPERATING STATISTICS (INCLUDING ALL
F0R CALENDAR YEARS
MorgaS joined
P< ^
b®^ea!h®1® JSiSna JmiJvSrv
TO FINANCING
the issuance of certain Common Stock Purchase Warrants, is
Mr-
to the President, after his discharge from
Plant
ln the
Keneratlng set
eauioment was installed
to
give effect as of the date of this Prospectus to (1) a
recapitalization authorized by its stockholders,
(2) the payment of
certain indebtedness, (3) the procurement of certain bank loans and
Col. Leon Mandel, President, on April, 3 announced the election of
Pred c. Morgan as Treasurer to replace A. P. Williams, who resigned,
7*
w
vv
thT aLnwoodGenerating
an
uu^nuins.^nww jrom ^e.ouo io ooo.iuo eiwres, w «w*«.
recently
Ss'were eioSo
b^ers^ide^acg°«SjctiS? g?0f
and to retire 50,100'
"(This ;would increase
of
',
"During 1945, the expenditures for new facilities and replacements
Sf
mt
of stockholders to
capital stock in place
three shares of new
Mandel Brothers, Inc.—New Treasurer—
"tmmt °' bonds ta 1942"
Gas
capitalization of the company as at December 31,
p
J?GnJ;945 pfrovifi°n for Federal income and excess profits taxes was
$845,000 greater, than in 1944. Previously, the company had not been
subject ,to tbe.fexcess profits tax because of smaller income, and because of credits carried over from prior years, particularly from the
roRt
of
the outstanding shares from 218,800 to 656,400 shares, he said;—V. 163»
*
duction basis.
adjusted
shares
the issuance
share of stock currently outstanding
capital stock held in the treasury.
0f each
company s^history,sin both.the electric and gas departments. Sales of
-^electricity increased $807,642 for the year to $14,220,492. Sales of gas
increased $252,793 to $3,703,670.
Total revenue, including miscellaneous, increased $1,066,555 to $18,005,548.
%'»<»«ffhA
$-65,096
* After depreciation and other charges, including provision for esttmated Federal income and excess profits taxes.
fts
in
1946 all of the
sales foe march and first two months
ommission, and hearings are now being held in connection with it.
construction
V$
by April 10 will be entitled only to the regular quarterly preferred
dividend of $1.25 per share.
Conversion and redemption will be made at the Guaranty Trust Co^
of New York, 140 Broadway, New York, N. Y. < >
Every effort is being made to expedite consolidation and recapitalization proceedings, but it is impossible at this date to predict when
the plan will become effective," Mr. Barrett states. Meanwhile, certificates of deposit were arranged for because the company was unable
issue the definitive securities called for under its previous plan of
under
,
r»vi
called for redemption on July 8,
declared on March 27' payable May 1.
dation with three subsidiary companies. This plan was filed with the
New York Public Service Commission and the Securities and Exchange
bon^r
V,;
~-
.
ko?
^
|Sho0fdr'eorgaliz^ioN„e^safes''0" ^ ^
SSlnt TK
—
Holders of preferred who convert on or before April 10 will be entitled to common dividends of 20 cents quarterly and 25 cents extra
After registration the company could not issue
_
-
/
2,786,075, 2,786,075
3,214.-.
1,681,594 ^l,343,364
ferred
Sljf
49n4d4
:
101.238&& ,101.238 ,
14,195,755,520,195,755 ^,
a
U'X
McLclI&H StOl'CS Co.——TO RCQGCHl 5%
The directors have
registered with the Securities and
the
1
«»
outstanding 57c cumulative convertible preferred stock at $110 per
share and accrued dividends; each share is convertible into common
stock at the rate of four shares of common for each share of pre-
Prices of materials.
of
•
^
was much more than offset by the
5
7,510,000,
X
-w
!i
$90,006,412 $89,858,124
P*
excess profits tax, to which the company was subject for the first
time. The showing for 1945 also was affected by higher wages and
Exchange Commission under Section
U
nnn
change Commission at the conclusion of proceedings before it.
a
territory served by the company proceeded on a limited scale, but in
gr!at.er, volume than during the earlier war years."
NfnAAnco^e fi0r the year was $1<554,372, Pederal taxes with $1,981,230
as compared
in 1944
Earnings before provision for
increased
company
^,332
'
been recorded on the books pending decision of the Securities and Ex-
war
net increase of $1,066,555 in revenues from all sources.
"The end of the war did not bring a quick return to normal operating conditions, and the year as a whole may be characterized as a
war. year>" Mr- Barrett states.
"Construction of small homes in the
During the year, the
■
....
inn'nnn
Cha"6eS PreSCribe<1 ^ ttat C°mmlSSl°n ~
^vpro fmmatalance sheet refleeting such changes which have not
(Bf °X
electricitv
result
a
<*.J
(A) Preliminary balance sheet per books without reflecting revision
of capitalization approved by stockholders and the Public Service Com-
thp
Prosi
sToSdfrf"a
uses
^
Total
m<"/„
than
morp
Edward
'tuf Mi
cu^w?rs""deVesltriCZ3Ii!-Iiri—II—ZI3 .t«'m«Mi'$fnmoM
1916'
i
iq^c
wSumimw
gales
"
Month
AOR^mnnn *1$; oonoon
"Interest and taxes accrued—
—
Customers' adv. for construe, of services
Raserves for depreciation
Special reserve for depreciation and for investments in securities of associated companies—
Miscellaneous reserves and deferred credits—
Premiums on preferred stock sold
Reserves appro, from income for sinking fund
and unsec notes by order of p s commisUnearned surplus —
Earned surplus
ioar
■
iqac
Electric meters w—-209,090
Gas produc. (1000 cu. ft.)
10,520,908
now
r
McCrory Stores Corp.—March Sales Off 6.81%—
the company has completed one Land Cruiser, and, a
number of van bodies, and has been
engaged in reconversion and
experimental and development work on-the 17a ton Front-Wheel-Drive
Panel Delivery Truck -which it proposes to manufacture on a pro-
5/2%
a™h
£SX
?n son nnn
a
war
Since VJ-day,
j4
A=ts payable^
Weekly Output
th*
comnaSd with
rear
7e=Ma^ of 2^2%
as
Period End Mar 71
<
serni-trahers'
The
$28 393
$28,393
$5,075
—
Preferred stock
r-r.$25'®JJ®
Common stock (shares no par) ——---------^ /er\, ' 5
** «Gi
Joi
^
s.inking £"
aebs<« due May 1, 1956
7,510,000
!
$5 075
$17,777
268,610
$90,006,412 989,858,124
LIABILITIES—
S 1887
B wttu iasc year' a aecrease 01 20.2*.—V. 163, p.1867,-
Company
1937.
,
U.
*
«
****
S'lMtSKSS
£ s pians sput-uP.
2Sa ISSSrtst^o^ au^n call the special meeting
«f a I»«d. on
diockhoSdm.•'
A
/
v ■« the directors had voted to
16, 1946.
until
2 350
$17 777
--
totaled
268,610
ttartt tttoo
6,808
.
Corp.—Stock Offered—Bond &
Goodwin, Inc., on April 10 offered 250,000
mon Stock (par 100) at $3 per share.
Tw
1768
*
!
Company Act of 1935.
Linn Coach & Truck
6 808
ap-
dividend of five cents per share
on the capital
stock, par 10 cents, payable May 1 to holders of record
April 15.
This compares with four cents paid on Aug. 1, last year,
and three cents on Dec. 20,
1944.—V. 156, p. 1776.
The directors
$37,552
8 134
15 100
proximately 13%, but this gain
Co.—-5-Cent Dividend—
Lincoln Petroleum
$14,978
8 033
$
,
^
940,910
219,274
219,274
——
Preliminary survey and investigation charges—
Other delerrert debits
—
TotaI
V, 163, p. 1286,
time
Liberty Magazine, Inc.—Transfer Agent—
Unamortized debt expense
$37«
etc.
and
offset by large increases in other
icq or
1946—Month—1945
1946—2 Mos.—1945
$7,881,044 $9,468,736 $13,717,032 $15,126,521
Period End. Mar. 31—
Sales
v.
c»
March Sales Off 16.8%
Corp.
Lerner Stores
u
$l4$jj
.
stock and the
"hi %£,
appifcable
$4°$?
excess profits taxes—
additional common stock are
accepted
366,481
.
.
first
31,153
Louisville Gas & Electric Co. (Ky.)
York Stock Exchange has authorized the listing upon
issuance in exchange for outstanding preferred stock pursuant to plan of recapitalization, dated Deo. 3V 1945. and effective
as
of March 30, 1946, and, to the -extent not so issued, subsequent
exchanges pursuant to the rights of conversion provided for in the
amended certificate of incorporation, of: (a) 227,409 shares of $3
non-cumulative first preferred stock (no par); (b) 227,409 shares of
Mf
non-wmnlattve second preferred stock (no par);, (c) 227,409
shaves
of common stock (par $1);
(d) 50,000 shares of preferred
stock non-cumulative (par $50), or such part thereof as may remain
undtposited and outstanding pursuant to the plan of recapitalization,
The
44,807
282,713
™
Total income
Interest on bank loans, mtges.,
Provision for Federal income
New
of
preferred stock, first, as
47,956
("
'
*
; USS S&
•■$*$».* > %•»' •'
SSwSfefcSST L«S^ii*ll«4*Sr'I. ■ • 3"
Prepayments (insurance and other expenses)—
' 46,408
46,498
-sas
$439'042
exps._
V'
J
Accounts Receiv. from customers, less reserves:
1943
•
506,953
^»"oi—*—,7
fmm
1944
$342-506
Income
Oth«
Coal Corp.—Listing of Stocks
Lehigh Valley
The
anS
489,135 -'- 489,125 . ■
--■■60,279-^^1 • 80,279* '
-
-
cksh"**** *** CertifiCftte®' at/0St- ^
31
$595,349
Admin, and general and sell.
Profit
DEC.
S9!!:m
OrtotS&T
Admin
ENDED
1945
Dlscou"ts'"^wnsssss^
forces.
notice
YEARS
9»1m
CMP^Itj^totfrt current
of 99,059,261.66.
Its net income lor-1945, helore tajes,
478,106.47.
During the war the company's major production
assets
INCOME STATEMENT
.
finSSfoSiSJi hii.$4!2h?^LmtJ !L£a
V-J
<52
,
Cmss
SkaTS.\TO^XSeSK
u
PinanM
8k«ST«Sm" ^Fw'pwment' "IntowL...
other
„,:;
^sfock^MaJtaSltan?!
Mfter reserves
and
.
'
A block of 275,000 shares of common stock is expected to be offered
for public distribution in the next few weeks. This stock will be sold
by large shareholders and does not represent Any new finanoing on
the part of the company.-v A registration statement is in the course
of preparation.} Clark, Dodge has been named prtncipalnnderwriter,—
V, 163, 9* 1288;,
g1).f nii- J
—
;„v
§S®
" :
'
2010
'
*
^r-rr-<.,
—
Capacity passenger miles flown—
Revenue passenger miles flown
Passenger load factor
'
Mail and express pounds
—
Mail and express pound miles
_______■
♦Approximate.—V« 163, p. 1431.
I
95.56 ,c
193,125
52,326,140
46,122,975
::
offices
and
serve
as
last
Canadian operations:-;
/*;: *
/
is part of the company's expansion plan announced late last
which will involve approximately $4,600,000 upon completion and
include additions to plants and machinery in Minneapolis, Chicago
and Philadelphia—V. 163. p. 1731.
,,
.
,
;
- ;
' ~
-
revenue
of
Amort,
—
plant
Amortization
Other
:
long-term
on
$1,087,405
___
debt
of premium on
debt-
Cr4,294
Cr3,283
Dividends
preferred stock
on
Balance
j
Mr.
it
not disclose first-quarter earnings, but said
"happily surprised" by a preliminary earnings
report for that period to be released in a • few days. He would not confirm nor
deny a stockholder's question on whether
first-quarter earnings amounted to $1.50 a common share.
The oompany's expansion
program will take two or-three years for
completion, he continued. Work on the new hosiery plant at Wilming¬
ton, N. C„ which will have an annual capacity of .200,000 dozen
pairs
of women's stockings, was slowed
recently by a shortage of materials
clue to the steel strike, Mr.
Voehringer said.—V. 162, p. 2151,
^
■
•
.
,
S.
Broidy, President, and George D. Burrows, Executive Vice-Presi¬
dent and Treasurer, on April 10 announced the
signing of an agreement with the Security First National
Bank of Los Angeles, Los An¬
geles, Calif,, for a loan of $3,000,000 to mature on March
1, 1949.
•
California
f
York,
and
Bank
of Los
the Bank
of
Angeles,
the
the Guaranty Trust
Manhattan
Co.
are
".
-
credit.
in
,
independent
i08 e
producers
releasing
through the Monogram organization.
a
?
'
nave
,
V,
resu*t.,ni Me recent call of all
convertible preferred stock of the
been
converted
163, p.
into
common
their
company,
the
all
but
company
i iJ
!
'
,
fund trustee,
s
1955.
•
$409,845
$242,816
$2,579,871
234,772
2,972,232
$8 045
"$59,451
26,801
103,221
$3.25
of
dividend
share
one
held;
The
The
cumulative
27,122
4,772
6,158
stock
stock of
the cpmpaay
•~'v\An underwriting
chase
and
at
a
prior
Net profit
;
'
"Deficit.—V.
Proceeds
from
to
•,
The
the
sale
Co
of
none
■
t
.
1$3,
will
-
on
or
will
;
be
new
B
"$39,854
is
of
any
Kionis
mill.
for
Clyde
$28,688
"$316,262
$18,475
•stock
Net
and
sales
1,267,868
of
the
shares
company
of
$10
and
316,967
its
par
shares
value
of
new
said
It
treasury
the
to
bfe
common
stock
cash, but
no
and
capital
Exc. profs.
stock sales
taxes
Net inc.
7,007,124
8,034,831
79.650.785
8,938,712
2,226.759
10,338 504
3,238,848
144,i93,127 :
12,530.995
4,736,297
179,603,162.
22,196 526
.291,284,188
used
for
details
that
were
on
W.
April 8.
385,800,755
Price
Dunham, was
will
named
succeed
named
Mr.
Comptroller.
to
succeed
Epperson
Mr.
as
possible
acquisition
Pearson
to
will
succeed
43,725,999
4,865,000
e'ected
a
Pearson
Mr.
|ind importing of alcoholic beverages. The principal
corporation and its subsidiaries is to produce and
types of domestic whiskies.
Corporation and certain
of
the
unsubscribed
names
of the
stock purchased
underwriters and the percent¬
by each are
The
Dean
r
named includes Fred C.
and Mr. Price.
recently.
The
new
W.
latter
own
f 0..
&
were
t'es
G.
stock which
The
unsubscribed
Brown
,,
•"
amounting to
when
restrictions
laxed, the increase of wine inventories,
volume
of
standing
imports of
timber
or
the facilities of the
warehousing and
on
G.
the
use
has
poraion
of
E.
no
&
0f8o?
Merrill, Turben & Co
Miller, Kenower & Co.—
0.6581
M'lwaukee
Riter & Co
1.316%
I. M.
Singer,
H.
Walker
Simon
Lynch. 0 658*
0.658 *
Scribner 0.658*
Corp—
Clarke Corp.
American
Swiss
1.316%
Richard
W.
Dain &
Company-
Yarnail & Co
——
J
M.
0.658*
Co.—
«•««*
& Co
Deane &
1.316%
Co..
Co
&
Northwest
Pac fic
(Inc.)
it
&
0.658*
0058*
Co.
1.316%
Noyes
0.658%
Barret, Fitch & Co., Inc.Chanute,
Loughrld?e & Co
Bos worth,
Moore, Leonard &
Co.,
Co._.
Hutton
0.658jf
0.329*
0.329*
0
Co.__— 1,316%
shares
of
Exchange has authorized
ccmmon
stock
(no
par),
of 378,982
official niotice
their ass g
for 2,ow-
the listing
upon
by stockholders and
or. sale to underwriters,
making the total amount applied
shares.—V. 163. p- 1868.
issuance
was
some
pursuant
to
subscription
National Gypsum Co.—Listing of
'Stock—
The
-
New
-additional
.
Additional
Preferred
•
York
.
are
notice
of
4,7
$4.50
•
making the total amount applied for 82,250
Stock-Privately—On Feb. .26, 1946 the direcshares oi * •
These shares are to be s
to W. E. Hutton and
who /are buying .these shares to offer and sell to
more than 25 persons who will buy with" a view to
vestment and not with a view to distribution.
totci net proceeds to be received by the company
$477,000 plus accrued dividends.
The proceeds will he
working capital and used to pay for plant improvements ana
facilities.—V. 162, p. 3077.
The
National Mallinson Fabrics
The
,
corporation and its subsidiaries for the
production,
alcoholic beverages, and the acquisition
,
,
"
Hriitional
a
Corp.—Acquisition-acquisition of t e
corporation announced on April 5 the
^
to
to
increased
the corporation
specific properties under consideration.
The cormaking from time to time additional advances
Sale of
of
cumulative preferred stock.
at $100 per share plus divs.
re-
beverages, the, purchase of additional
lands, the • extension and improvement .of
;
Exchange, has authorized the listing of
cumuiative preferred stock (no par
issuance in connection with a.'private-^a/- 01
Stock
shares
tors authorized the sale for cash of 4,77(1
shares
grain
an
Co—
.0.895%
Stiilman, Maynard & Co.. 0 895,"
Watting, Lerchen & Co.. 0.895%
&
1.316%
and
0.89o%
At Gardner—.-
Reynolds
committee
15,799
purchase
0.895%
:
Reinholdt
The
Sons
shares for cash,
of
1 316%
wood
Hop-
&
1.316%
Republic Co.
additional
W.
bottling of
contemplates
&
0.895%
0.895%
—
Jaffray
Listing of Additional Common Stock—
Sold—Glore,
°t a£dlti?nal Property, plant and equipment-although
at tnis time
*
Inc.-
;
;
2.3F9%
Inc._
C0.*
Sf
Maynard H. Murch & Co.
2.369%
The New York Stock
alcoholic
timber
Co.
Co._—— 0.895%
as
group.
the
&
Illinois
Piper,
Laird, Bissell & Meeds„ 1.316%
Lee Higginson Corp
1.316%
outstanding promissory notes to banks and financing additional receiv¬
ables, the replacement of whiskey inventories (which are now below
requirements)
Loewi
2.896%
Wepk?_.__ 2.369%
Byllesby
HemphPl,
PURPOSE—Net; proceeds will be placed in the general funds of the
corporation and used-for additional working capital and
general cor¬
porate purposes.
Such general funds may be used for the
purposes
among others, .of retiring part or all of the corporation's
presently
normal
Co.,
Emanuel
re-elected.—V. 163, p. 315.
underwriting
Ka'maa; it .Co.;. inc—0.8.95%
Kebbon. McCorm'ck it Co. 0.895%
MUler & Co.—_ 0.895%
1.316%
M.
Cent.
was
portion
The
9 89«>%
Inc.
share at the rate of one-sixth of
has been sold by the
2.896 %
2.896%
2.896%.
____
Hayden
1.316%
Alex.
H.
offered to stockholders at $62
a share for each
share held, has been subscribed for
by the stockholders.
per
_____
Granbery, Maraohe & Lord 0.895 %
Secu-
Co.^____
Becker
1.316%
1.316%
2.896%'
l.P42%
&
Co
C©._;
&
•>
Allyn and Co., Inc.
C.
A.
Witter
3.685%
3.685%
Dominick—_
Bla'r
follows:
as
Wisconsin
Bacon, ^Whipple & Co— 0.895%
Baker. Weeks & Harden. 0.895%
WJll am, Blair & Co.
0.895%
Estabrook
& Co
0.895%
2.896%
&
&
-A.
Forgan & Co/> and Harriman Ripley & Co., Inc., an¬
nounced April .10 that over 95% of the
379,894 shares of
common
Inc
Corn.
&
official
basis
Co.,
5.297%
; 3.685%
Webster
-Dominick
Heppel, J. A. Amos, Mr. Haines, Mr. Dunham
All other officers
&
Brothers
&
-Wertheim
request.
retirement
executive
Ripley
P erce,
Fenner & Beane.^
Sossong,
and
The
Seoretary.
became
eligible 4or
with the company during the
Vice-President
27,074,000
exporting
various
.Merrill Lynch.
of
remain
Mr.
is retiring at his
Epperson
Sossong
8,461,526
9,817,294
11.786,999
-
was incorporated in Virginia April 18, 1924.
is -generally engaged, directly or through subsidiaries, in
distilling, blending, rectifying, warehousing, bottling, buying, sell¬
.Hornblower
negotiating to buv a Northern
purchase probably would be
announced.—V. 163, p. 1571.
elected
was
6,896,765
9,031.500
'20,457,000
4,712,000
*
-Union. Securities Corp
2.896%
Fastman, D lion & Co.__ 2.369%
the
Mr. Epperson and Mr.
T.
6,711,962
7,099,656
$897,933
4.703,500
34,986,294
UNDERWRITERS—The
1
O.
.Chester
also
new
1945
YEARS
Normal surtax
96,814.098
Stone
war period
At,the directors',meeting following the annual stockholders' meet¬
ing, T. S. -Wright was elected a Vice-President.-, J.- L. Adank was
1
in
profit
pre¬
'
1,077.707
is
"omnanv
indicated
was
Mr.; Pearson and Mr.
time ago but remained
preference
consolidated subsidiaries
s^one
2,279,627 shs.
65,005,557
•Smith, Barnev & Co
propositions are now pending which would involve
newly authorized stock.
<
no
the
directors.
be used to the
extent of
about June 1, next, of all of
the
the
'
before
Kuhn, Loeb $ Co
'Morgan Stanley & Co.__
The F'rst.Boston
Corp.__
Goldman, Sachs
Co
Haydon, Stone. & Co
Kidder, Peabody & Co.__
W. C. Langley & Co
on
announced
will
of
Net
•Blvth
Epperson, Vice-President and Secretary, A. C. Sossong,
Treasurer,' end Horace B. Pearson, Chairman of the executive comrraitiee, havZ" retired from the company, Charles J. Haines, President,
,
consist
shs.j
shs.)
$7,861,969
7,850,506
W.
fihanoirig, "the ^titstahdlnsT Wpitaiiaai^m
will
150,000
3,000,000
Federal taxes
Inc.
National Cylinder Gas Co.—Changes in Personnel—
;
Monsanto
(auth.
par
(authorized
v
Net sales
ages of
,
the
in
properties,
made
series C preferred at $105 a share.
The balance will be added
to the
cash funds of the
company to be used for expansion and
improvement
purposes.
^
of
$100
present intention to issue any cumulative
CuOre,. Forgan & Co—5.297%
April 8 approved an increase in the authorized
from 1,000,000 to 1,300,000 shares."
-- -•• ■•
Kipnis, President, indicated that while'the additional shares
held
of
use
cumulative preferred stock of the
of $4.50 series A
series
stock,
$18,500000
1,919,102
.
stock
Samuel
Mr.
$22,675,000
outstanding
company as fellows: 50,000 shares
preferred at $110 a share; 50,000 shares- of
$4;50
preferred at $112.50 a share, and
110,000/shares of $4
redemption
pfd.
1945:
'
(payable in instaUments 1946Vk*/c-2VW —^—________
its subsidiaries are also
engaged in the production and sale of other
beverages including gins, brandies, wines and cordials, the
production, importing and sale of Scotch whiskey and the importing
,and. sale of Irish whiskey, rums, brand-'es and wines.
In addition,
subsidiaries of the corporation are
engagqd in the processing and sale
of certain food specialties and the
bottling and sale of carbonated
beverages-.
•
-
April 10 approved an amendment to the charter
authorized 400,000 shares of class B commph stock,
the
which
common
•
paper
nit
OF
alcoholic
National Container Corp.—Capitalization Increased—
the
nur-
-
AS
of
1731.
p.
The stockholders
common
•
31,
9,769,608
sell
outstanding.; They also approved a proposal to
change the date of annual meeting from the second to-fourth Wednes¬
day in April.—V. 163, p. 1731.
.
.
.
%
April 8
stock
;•
RESULTS OF OPERATIONS FOR CALENDAR
ing,
stockholders
eliminating
*
preference
v
OUTSTANDING
1945: " 7 V
notes to banks
stock.
Lehman
June
group headed by Smith, Barney &
*; J
no
business
National Cash Register Co.—Annual Meeting—
-
of
$18,500,000
BUSINESS—Corporation
'*
1, 1956, into
conversion price of $150 a share
may
publicly offer all share of
for by the common stockholders.
subscribed
for the
convertible
•'.«»,.*
common.
,
is
shares
i:
Corporation
6,158
National Distillers Products Corp.—Stock
stock of record
^
on
CAPITALIZATION
AND
par;),
-the
8
shaves
share, 316,967 shares of
stock, series A, on the
DEBT
(no
1945—
$24,641
<
preference
preference stock for each four
will expire on April 24, next.
oi
rights
preference
common
©i
common
233,333.
225,000
225,000
.
.
has
1943—
29,537
"$289,140
^ Monsanto Chemical Co.—Rightsa
450,000
City—
68.676.784
"$4,896
"$397 361
$34,846
^,n h® accepted to the extent of $15,270, the sura available in
sinking fund for the purpose.
No offer will be accepted at a price
exceeding the principal amount cf the bonds.-i-V.
163, p. 1731.
.Purchase, at $101.50
Jersey
$1,891,927
1,804,971
24,369
the
-.
Co.
.
450,000,
Cb.„—„—
$9,753,896
$1,800,075
469,295
"$35,081
Bids, at the lowest prices at which the bonds shall be
offered
company has offered to holders of
of
..
Gross income
Deduct from gross inc..
Prov. for income tax
New York, N. Y., as sinking
will accept sealed proposals up to
April 25 for the sale
mortgage sinking fund. 5% income bonds, due July l,
^
Trust
Bank
stock
1944—
1P46—8 Mos,—1944.
Non-operating income..
Ba"kers Trust Co- 16 Wall St.,
•
___^7 ~~
77
April 11 that it will
April 20 the $18,500,000 long term bank loans
interest
1940—
>■
/194^-Month—1945
Net. operating income.
also
Co.—Tenders Sought—
Union
Harriman
"James
Ceal
466,667
466,667.
466,667
466,666
450,000
450,000
~
Francisco
1939—
Inc.—Earnings—
Operating revenue
.Operating expense
1570.
Monon
Trust
San
1938—
163, PP- 1161 and 656.
Period End. Feb. 28—
Whitnell
•'
and
of
$64,806,978
operated during the war
was
<'
National Airlines,
pictures
725
Third
on
Year—
seaboard
the entire Western
is available, he said.—V.
announced.—
company
Bank
Bank
1.400,000
1,400,000
1,125,000
933,333
700,000
466,667
~~~~
717"
Z7 7
Co..
71
Trust
"Corporation
ferred
1946—3 Mos.—1945*
•by North American Aviation, Inc. ■' Recently appraised at $1,835,000, it
has 475,000 sq. ft. of floor space consisting of factory, cafeteria and
office buildings.
Mr. Mason said that the Government has 90 days from the date of
sale to clear the plant of surplus goods and machinery.
Nash-Keilvina^
tor's- special machinery and equipment will be installed as soon as it
99,000 outstanding shares of
stock,
1,400,000
Moo,ooo
^400,000
1-400.000
...
Co._.
-
Common
.
/1944 by the Defense Plant Corporation, it
company will have available a
credit
for picture production, a credit of $500,000 for its Gcvk°nd portfolio, and the right to guarantee bank loans
up to
•
&
DECEMBER
1951 >
Nash-Kelvinator Corp.—Purchases Calif. Plant—
of $2,000,000
r
^
i,
Co.—.
National
National
Trust
Cumulative
*he agreement the
v
•
$249,946
$0.94
-
$1.13
region.
According to Mr. Mason, the new plant will supplement NashKelvinator facilities in Michigan and Wisconsin.
Operations are sched¬
uled to start late this fall and it is contemplated that full operation
will furnish employment to more than 2;400.
•
^ •'
i
The new Nash plant is located on a 30-acre site and was purchased
for an undisclosed price from the War Assets Corporation.
Built in
.
•:
i
$300,344
George W. Mason, President, on March 30, announced the purchase
by this corporation of a plant at El Segundo, Calif., for the production
of Nash automobiles and trucks and Kelvinator appliances.
It will
New
of
Co.
participating
$2,525,000
1P37-.
be
Monogram Pictures Corp. — $3,000,000 Bank Loan-^Practically All of Preferred Stock Converted Into Com.
'
Funded debt and capitalization outstanding as of December 31
,
$8,8*09,615 $21,175,803 $21,C98,481
$8,197,491
Trust
National
FUNDED
625,000
1946—Month—1945
"
:
'.Total
possible.".
Voehringer would
pcctlve
~~
~7
~
Pittsburgh;...:^.;—
z The corporation, announced
in March, 1946 had 209 stores in operation, as com¬
pared with 208 in the same month last year.—V. 163, p. 1288.
.1 A two-for-one split of the common stock is under consideration
by the directors, John K, Voehringer, Jr., President, told stockholders
-at.the ,annual meeting held on April 8.
'
•
•;, ■
The company "is also
planning to enter the women's underwear
field, he disclosed, adding:
"At present we are looking for a plant
-
811,000
$251,014
-$0.94
"
1
The
Mojud Hosiery Co., Bic,—Considering a 2-for-l Split—
to make
First
Maryland
$874,946
907.
163, p.
of
'
1944
1945
«
216,000
265,517 shares.—V.
Sales
1161.
stockholders would
Fifth
The
(G. C.) Murphy Co.—March Sales Off 6.95%—
$443,233
.
First
The
prof,
exc.
Period End. Mar.'31—
227,029
$699,731
—V. 163, p.
1942
;
,
$1,111,344
...
$670,262
$820,325
120,594:
—
rpcn
Security-First National Bank of lios Angeles____„v__~Z
WeJfi Fargo. Bank & Union Trust
Whitney. National. Bank of New- GrleaaauVi—-.i^i,Z._7~
•
$906,505
277,029
Cr4,332
Cr36,454
274,657
deductions
Net income
&
Fed. inc.
profit
"''On
'483,169
**588,041
287,708
.
h
Amount
The Marine Midland Trust Co. of New York.J
'■The plant has
January.
$467,014
"Earnings per share.
3,130,230
1,350,065
680,685
229,670.
._
«
opposite their
Co
Commercial
Promissory
Net
567,543
adjustments——
-
forth
due 1946 to 1951.
1946
Feh. QA~-
&
Manufacturers
-
—
Trust Co.
Trust
Ctocker
•
Gross income
Interest
.*
taxes
$5,963jl98
421,833
^
acquisition
General taxes
Federal income taxes
three former
family use.-
for- est.
Prov.
1945
$6,141,605
2,371,946
_
expenses
for depreciation-
Provision
The
recapitalization pfan to
a
daily and expdcts to turn-out 300 in-June.
employees to about 55-workers from 30 in
income
Net
Mississippi Power Co.—Earnings-
Operating
app.u.ed
23
for
Months -Ended
serve
.
set
Co.______
Brothers,- Harriman
redeem
will, prior to May ly 1946, deposit with The Northern
Chicago, .III.-, as paying agent, a sum of money sufficient
to pay interest in full for the
year 1945 on its outstanding
first
mortgage 4Va% cumulative income bonds, series A, due Jan. 1, 1971.
Holders of said bonds which
are in
coupon form
may
obtain the
interest due thereon on May 1, 1946, by presenting coupon No. 2 oh
or after May
1, 1946, at the office of said trust company, 50 South
La Salle St., Chicago 90, 111,, or at the office of Agency Bank of
Montreal, 64 Wall St., New York 5, N. Y.
Checks will be mailed on
•or before May 1, 1946, by the trust company -for interest on the
said
bonds which are registered as to principal and interest to the record
holders of such registered bonds.
Hie company will, prior to May 1, 1946, also deposit with Harris
Trust & Savings Bank, as paying agent, 115 West Monroe St., Chicago
-SO, 111., a sum of money sufficient to pay interest in full for the year
•1945 on its outstanding general mortgage 4% income bonds, series A,
due Jan. 1, 1991.
Checks for such interest will be mailed on or
before May 1, .1946, by the said bank to all holders of the said bonds
-of record at the close of business on April 20, 1946.—V. 163, p. 1868. >
.Gross
March
on
Brown
Mueller Brass Co.—Earnings—
3
Co.,
-1946
Trust
Bank
Bankers
>
of production, r The -company, lormed,
Curtiss employees, produces a new-type
vehicle
Vehicles
The company
12 Months End. Feb. 28—
amounts
National Bank
Chemical
lo3, p.
••
■
.
-
York
Union
Mellon
for .expansion
by
year
r
increased
Minneapolis St. Paul & Sanit Ste. Marie RR.^-Interest
Trust
the
in
he
funds
s»oh%
'•
held
'
New
The
-
company
plans- to raise an additional $200,000 in
capital
through new financing, according to Stephen A. Buehoitz, nresiaen^
About $100,000 would be used for-expansion-of production facilities
$50,000 -to
redeem ^outstanding -preferred stock and $50,000. as; a
reserve
fund.
The' companyi has -1,922 common - and 672 preferred,
shares outstanding.
V.
^
Mr. Bucholtz said the company has stepped up product-on to uine
This
,
$110,134,279
month in the com¬
sales also setting a new recora,
The
•
year
r
•.
stockholders
small
for
-headquarters
The
-
'
-
provide. funds
,
executive
althn.^k
which
Bank of America National Trust & Savings
Association"
The Chase National Bank of the City of New
York
; Continental Illinois National Bank & Trust Co. of Chic"
The First National Bank of Chicago___^___Li.__
Guaranty Trust Co, of New York
~~The National City Bank of New York_^
——17
the highest for that
were
"■
I*
'
V
[ Motorette Corp., Buffalo, N. Y —New Financing—
>•
^
and
1946,
the company.—V.
to
r"'"'
'
sales
companies"/
purposes; for
;
Sales Higher—
$65,572,358 $133,684,588
.1' $78,453,828
according
by this company of a new plant which will triple Canadian
manufacturing facilities was announced on April 3 by Harold W.
Sweatt, President*
'1
J >
fuocated at Leaside on the outskirts of Toronto, Ont., Canada, the new
factory which was purchased from Small Electric Motors (Canada)'
Ltd., already is in production, and currently is employing 250 persons
on the manufacturing and assembly lines.
,
■>- '
;
The plant was purchased complete with machine tools which, Mr,
Sweatt said, are ideally suited for the manufacture of the company's
line of heating, ventilating and air conditioning control instruments.
The factory is located on approximately three acres of ground, and
%
k,
pany's history with the two months'
Purchase
house
the
-
The
1946—Month—1945
Period End. Mar. 31—
Sales
^ s.,;
Toronto Factory—
with
names:
other
or
or
at'thd present time determinable
outstanding promissory notes are
'
Minneapolis-Honeywell Regulator Co.—Purchases New
;
;
Montgomery Ward & Co., Inc.—March
r
Sales for March,
i
\
of New York has been appointed transfer
agent for $31,696,700 of 5100 par value cumulative preference stock,
series A—V. 163, p. 1731.
Wi 153,774
__
...
'58.03.%
164,265
investments
Guaranty Trust Co.
The
1,833,928
'
80.37%
such
of
banks named belotf
J
~
-
''•/.*/" '/
■
affiliates
investments 4n
or
amounts
may he used' are nbt
The' corporation's
15, 1945
*
3,160,567:
6,023.495
4,841,238
■ •■;
to
$4,869,908. In
'
Monday, April
&
,
^87;953f666 to
amounted to $5,318,003, against.
I Transfer Agent—
,">87.67/a
333,532
—
flown___——.—----
miles
with
peak oft $95,339,39V compared
new
a
1944, and net'income
the preceding year.
»
L' iiiUf^
$3,22»0/8^v«160,000
,^19/Jll loss 27^836
v
Revenue
reached
Inc.—Operating Results—
Mid-Continent "Airlines;-
''
FINANCIAL CHRONICLE
;".i THE COMMERCIAL
/ ; Month of February—Total operating
-revenues-^---—
Net profit after taxesOperating efficiency —-—
"s ''
g
fQl,
outstanding capital stock of Greeff Fabrics, I«c*. in ® n engaged
10,978 of its own shares.
Greeff Fabrics, Inc., has^ pe«»
honie
for the past 12 years in the sale of decorative fab"0
,ji further
furnishings.
Through this acquisition National
to Greeff
diversify the distribution of fabrics and will make avaiia
Fabrics, Inc., the styling department an<| trade nauMMOi.
manfor 6ver-the-counter selling.
There will tw no dnang©
agement of Greeff Fabrics,
Inc.—V. 163, p. 1731.
rw» "a
Number. 4481
Vohi«ie 1631
'mm—g!
g*1 IP! I
Shirt
National
THE COMMERCIAL & FINANCIAL CHRONICLE
1 1
■
■"""1
Shops of Delaware, Itic.
such
upon
*>•
The City Bank Farmers Trust Co., New York, N. Y., has been ap¬
pointed transfer agent and The National City Bank of New York,
the cOinmM^sfQCk.—V, 163, p. 0,43,3,
has called fox. redemption on' May 13„ next, $75;0Qp
of its outstanding 15-year dV4 %
sinkihg? fund iiebeh.tui;es^due Ojct.
1, i960, at 103 and interest.
Payment will be made at the Marine
Midland Trust: Co,., txustee, 120. Broadway, Nety. York, N„ IT.•
Dividend No. 2
-
■•-•■•
-
-
-
.
have declared a dividend (No. 2) of 20 cents per
share, payable May J,5 to stockholders of record May 1.
An initial
distribution of lilce amount was made on J,an. 30 last —V. 162, p. 3,016.
directors
The
Neisner Brothers, Inc.—March Sales OffYLO.8%—
Net sale.S.
1946—Month—1945
1946—3
$3,339,147: $3,743,460
---
-—V. 163. P..
$8.534902
1288.
a tw^;. year refinancing
interest and preferred'' dividend
th^ week ended Ap^ii
For
32,411,182 kwliY
production of
5,
Although"
<6.63%
a
This is a decrease of 166,937 kwtf., or 1.33%
12,578,119. kwh. for, the, corresponding week "a
the. industrial -loa.d dropped off late
Mr.
1946,
is
reported
at
Commenting
Power
ft.,
cu.
England
Power
Association—Hearing
five
merge
companies
into
one
the
plan
will
not
be
effective
.
the
U.
S.
District
was
''
-
-
Total
ended
the
reports
April
week
6,
ended
The
comparable figure
€0,828,301,, a decrease of
year.—V,
163, p.
number
of
kilowatt
hours
for.
the
1.18%
week
under
March
ended
not
that
definite
no
proposal had been formu¬
the Securities and Exchange Com-
consolidated
the, months
for.
net
of
equivalent to
by
a
about
291^
income
of'
Hudson
and .February,,. 1946,
January
cents per share
Niagara
effective
yet
and
that
water
hydro-electric plants
history for the months
s
of
45,939,065v
taxes
:
here
9,466,217
The
common
of
well
as
for
the
stockholders
Divs,
adjust,
(4% i
was
spend approximately
and extensions, Mr.
stock
last
GENERAL
as
income
after
well
as
Investments
Current
196,700
509,000
$262,944
$191,858
The amount *of Federal income
and. excess profits taxes depends
upon earnings for the full
year and, accordingly, can, only be
approxi¬
mated withe respect rto interim
periods.—V. 163; p. 103..
'
Y •
An additional
15 miles of single track,
between South Whitley, Ind„
Clayppol,, Tnd., on .the Nickel Plate-road, is now
being equipped
.with-Centralized Traffic, Control,.-John W-,
Davin, President, stated
on April' 12..
The new^ installation will be connected with,
the 20-miIfe
stretch of
sln$e, track already equipped with C. T. O, from a point
and
fourfmiles- west of Fort(Wayne to
South Whitley, Ind., making a total
territory.
'
The management Of the Nickel Plate has also contracted for the
'of '35 mile's "in
this
.
.
aiecessary equipment, for the installation
txol
tween Arcadia ahd St. Marys, Ohio, on
of. Centralized
The
company plans
collateral trust
bonds,
will be applied to
In
order' to. handle
the
Lake
Erie
meeting.
Operating revenues
Operating expenses
•Maintenance ■
Oepreciatioi?
:
$4,507,392
2,997,625
349,227
305,000
_
Taxes, other
than
305,763
Operating income—
Norfolk
$379,256
15,482
72,977
$1,587,804
'61,970
16,179'
48,061
on
$1,202,562
$560,847
on
advances from
associated cos.
Other int.,
amort,
of
and exp,
deducts
Net inc. before
reservation of net inc
Reservation
come
°f
29,099
99,301
114,962
bonds
or
of
9,627
49,591
46,559
$279,418
_
$74,300
$94,991
$467,341
50,000 ;
$229,418
50,000
200,000
250,000
$44,991
t$125,700
$217,341
with
1945.
JNet
loss.—
v
New York Life Insurance Co.—New
Project—
^eor§e
L.
is
Harrison; t President,
about
to
begin
Princeton, NJ. J.,
is
14 announced that the
a garden-type apartment
its postwar housing program.
On April
construction of
as
part of
Troof s ' Purchased from
S^.on.Bayard Lane on
while
it
Y
-
-
,
PrincetQh^ University, is the 17-acre Sloan
the north side of Princeton,
hoped that some units might be completed and ready
38,154,947
94,577,794
7,961,514
240,747
33,305
;
365,661
.
*
/.I'.''M;
common)—
'
n'l
..i. ,■
>■
"
Y
i.t. i'1
ijiVii
162,638,500 162,643,900
50,538,331
51,335,332
350,669
59,424,817
47,463
1,271,776
317,287
96,674,497
103,730,513
51,447,644
74,908
liabilities
credits
1,415,349
surplus
Earned
surplus
Earned
surplus
(appropriated)
(unappropriated)
203,853,718 193,227,317
'
Total
566,993,619 571,998,405
FOR
FEBRUARY
Period End. Feb. 28—
Railway
Railway,
AND
YEAR
1946—Month—1945
oper.
revenues
oper,
TO
DATE
Y/
.
.
1946—2 Mos.—1945
expensesY 6,866,348
$11,000,998 $13,135,959 $23,058,180 $27,037,848
7,542,849
14,130,548
15,318,561
.
Net ry. oper, revs;__
Railway tax accruals-.
$4,134,650:
2,260,319
$5,593,110
Railway oper, income
Equip, rents (net)—"„_
$1,874331
Cr876,013
$1,346,461 - $4,144,224 $2,735,280
Cr761,446 Crl,799,571 Crl,464,579
Dr26,158
Dr33,568
Dr.32,676
.
fatal,
rents
;
$8,927,632 $11,719,28?
4,783,408
8,983,998
4,246,649
(net)—
Or 17,157
Net ry. oper.fincome-
$2,733,186
266,335
$2,081,749,
212,217
539,983
445,398
$2,999,52.1
173,353
$2,293,966
$6,450,210
347,343
$4,612,590
352,272
$2,826,168
79,178
$2,117,830
$2)746,990
$1,793,215
Other income
Total
for
the. week
ended April
6,
compared, with 45,510,000 kwh.
dn increase, of,"3.5Vo.—V. 163,
p.
company
as
op
revenues,
or
of
•
Net
__jt
funded
on
income;
Sink.'&
:
debt
___________
fund appro.
res,
176,136
49,615
275,000
approps.
Balance of" income—_
—V,, 16.3?
•
$5,910,227
$4,167,192
the
March. 2d, stated, in parti:
were
9.23%.
$9,212,000,
,
Act of Congress, approved Dec. 12, 1945,
the land grant reduced rates were repealed, effective
GRANT ACT---By.
Thereafter, the Government will pay the full commercial
|jr^ekTox*lhec.txa;nsp6rtatioiLof"tf.oops and property.: This enactment is
of value to the land grant railroads, and is of benefit to this company.
-
$4,260,318
101,471
575JOQO
$3,575,841
$5,935,703
1162.
p.
•yrrt!1 /
:
1870".
Ry.—50th Annual Report—W. J.
$6,102)867
167,164
,Ymechanical r$q$Qn|
alwciys
possible to* arrQflge companigp in exact alphabetical
order.
However, they are always, as near alphabetical
positippi as possible.
■>
1946.
for
4.01% " earned
LAND
income
Interest
-
r 1 ^•
•
■
Norwalk Tire Ss Rubber Co,—Offers Debentures—The
company has offered holders of common stock of record
April '11 v the right to subscribe ut 101, foxv
$1,^4,50| b|
4% convertible debentures, due April 15, 1958, at the
rate of one $500 debenture for;every 70 shares, of
com?
mon heldt.
'Rights, Willi- expj^$ a| nopn o% April 27. Vjfe
derwritten by Carl M) Loeb, Rhoades & Co.* »
v
-
The debentures axe convertible into common stock at the rate of
five, shares ,;of common for each $100 principal amount'of debentures
prior to April 15, 1951, and thereafter at the rate of 4% shares of
common, fox each $100 principal amount.
*
'
"
Upon- completion of this financing, outstanding capitalization of
Norwalk Tire; &. Rubber, will consist of $1,444,500 "of 4% convertible
debentures and 202,230 shares of common stock,
Stock Increased—
.
The
stockholders, at
a specia.1 meeting held on April 8 approved
an
company's ce-tificats of incorporation increasing
stock from 202,730 shares to 315,000 shares
and. they also voted the elimination of the preferred stock, which was
called for redemption on April !. '
"■
'
^
3
;
Authorization was also given by stockholders for the company to
confer, on holders, of oariridebt or? obligation at the nime of issuanca
the right to convert,this, debt
intov cipiial sharez of any class then
to
amendment
the
the
authorized
common
■
-
authorized
such
on
directors.—V.
teritis
163, p.
'conditions
and
1732.r..
as
...
might .be
by
fixed
r'
.
,
Y
.
1, 1946.
DEBT—Total
funded
debt
at
the close
of
1945
was
$50,-
538,331.92, a decrease of $797,000,'. and represented 23.71%
of the
outstanding stock and bond, capitalization.
The. decrease, was due to
purchases, for "the sinking fund established for retirement, of direct
funded debt/of $599,000 of the company's first consolidated mortgage
•bonds, due in 1996; and of $28,000 of underlying first mortgage bondd
of The Scioto Valley & New England RR, Co., due in 1989, and to
purchase of- $170,000 of the company's first consolidated- mortgage
bonds to be held in ihe treasury for latex transfer to the sinking
fund/ '
' •'
:
Total funded debt Included, by direction of the Bureau of Accounts
of the1 Interstate Commerce Commision, $5,461,000 of bonds of City
Ohio Leather Co.—To Redeem 7% Preferred Stock—
The
' $6,086,032, which was the consideration in contract of lease and
purchase of April 2$, 1929, from the Citv of Norfolk to this company
of certain municipal terminals,
The bonds, were not assumed by the
company, nor are they a lien upon the, terminals.
Instalment purchase
baymdnts and' sinking fund accruals have reduced the original obliga¬
tions to $2,516,712;
Upon completion of payments in 1952, the com^
pany will-acquire title to these terminal properties.
,
The direct funded debt of the company held by the public, included
'in total funded debt, was $44,452,300, ox 21.47% of the direct stock
■and bond capitalization held' by the public.
Fixed charges were earned
12;04 ^imes. in 1945 apd, tix.;ayerage. of 13..8Q tidies ;gvex the last ten
YC0tl*S
Y To-
*-
'
*•
pS '
ij iJ8*
e
•
rt'st-
■
*
-
that it will call for redemption on July I,
next, all of its remaining outstanding 7% preferred stock at $110 per
company
announces
share.
of
p.
/
.
.
Under
of
this
offer
an
issue
which
G57.
which
expired
on
had been exchanged
convertible
is
into
four
March
for I'M
shares
30,
1946,
•
-*
total of 88%
each share
stock.—V. 163,
a
preferred stock,
of
common
.
.
Pacific .Airmotive Corp.—Rights to Stockholders—
Stockholders
subscribe
a
share,
for
at
Rights will
Norfolk, Va., and kn accumulated sinking fund of $625,032, a total
of
new
C05;ts reapportioned for- comparison
163; p, 1732.
•tb
^
$144,864,000, a decrease- from 1944 of
Operating expenses totaled, $98,924,000, an
ox-10.2-7,%,, and; railway, tax accrual^,i .after
credit adjustments, were $3'2,638,000,' a decrease of $19,037,000, or
36.84%, leaving net railway operating^ incojm.e of $22,767,000, a de¬
crease
of
$3,176,000," or 12.24%.
This income' was equivalent to
Increase
of
6,534,298
' 52,808,615
103,658,504
liabilities
Unearned
$50,000,000
„
of net in¬
for- acquisition
Net income
¥-
979,370
10,231
property
tit
244,842
$1,608,232
979,370
26,356
int.
and misc
$378,559.-
244,842
long-term debt_
debt dispt.
of
41,242
$1,177,646
450
-
,
2,048,868
5,578,479;
Bonds—
issue
year,
Western
&
Jenks,-President,
Operating
$14,736,000,
FUNDED
Gross income
Int.
on
the provisions for
18,444
7,374
deducts.
rev.
,
new
1,868,402
140,000
$549,777
revenues
500
2,177,316
(net)
debits
Unadjusted
the new bonds will be named by the bidders.
output" of, "this
Electric
Oct.
Non-oper.
a
\ 1,793,485
$4,665,986 $15,233,902 $15,915,267
3,043;349
9,725,766
10,029,078
408,292
1,537,005
1,289,98,3
(est.)
Non-oper.
on
*530,089
1945—12 Mos.—1944'
Fed¬
eral income—___
Ted. inc. tax
bids
1,000,000
1945—3 Mos.—1944
$
3,707,375
566,993,619 571,998,405
Deferred
Misc.
1,000,000
New York Steam Coxp^—Earnings—
property
assets
.
*305,000
.
1944-
.
upon
the company's railway propertv investment of
$567,302,000.
Non-operating income, net, was $2,990,000, a decrease
pf $4,047,000, or 57.51%- over 194.4 v/hen non-operating income included
delayed income credits of $4,810,000, representing excess profits tax
postwar credits for 1942 and 1943.
Balance of income, after deduct¬
ing sinking and reserve- funds', appropriations of-$855,000« was $22,679,000, an increase of $494,000.
After deducting dividends on ad¬
justment preferred stock, the balance remaining was $21,199,000, an
Increase of1 $496,000,'' and was equivalent to $15.50 per share of the
outstanding, common stock, compared with- $15.15 in T>4'4.
Dividends
'were paid upon the outstanding common stock in, 1945. at the annual
.rate of $10 per share, and an extra" dividend of $3 per, share was-paid
March' 9,
1946, oift of is45 earnings, making a "total distributioi?
"of $13 per share, or $18,284,000.
on single track
territory increases the
capacity of< the railroad, resulting in its ability to handle a
larger
volume of traffic, with minimum delajte.—V. 163, p. 1572.
Period End. Dec. 31—
Interest rate
^totaled ; 47,102,000. k^vh,,
'corresponding week last
.
funds
reserve
physical
-
Current
Northern States Power Co^. (Del.) —Weekly Ontpnt—
and ^Western
business during, the, war period the
Nickel Plate installed Centralized Traffic. Control
fi:om Brocton, N, Y;,
to
Thornton Junction, Pa., 56- miles; From Madison to Euclid, Ohio,
28. mUes, end from
Vermilion to Kimball, Ohio, 22 miles, or a total of
iotLwiles. which includes all of thfr? single track territory between
-Buffalo, N,. Y.r and Belleyue,, Ohio.
With the completion of the new
"work
authorized, the road, will have a total of 282- miles of single
"
on
request
r-W.163^.p;-18.79,1
1
the heavy
ttrack equipped with C. T. C.
The installation of C. T. C.
to
Cotf-
.
:
3,687,045
LIABILITIES—
Capital stocks (adj. preferred and
Long-term debt
Proceed$ of-the sale,, together with,' other funds,
redemption of $55,000,000. collateral trust. 4'/2% bonds
due 1976; C; E. Denhey, president, told the stockholders at the annual
lod»» 7f miles. andJ be¬
:
District, a.dfetance'of 62.miles,
Traffic
-
<
"
Thp
.
$15.15
radio
Northern Pacific Ry.—To Ask Bids
N?w Vork Chicago & St. Louis RR. — Track Being
Equipped With Centralized Traffic Control—
:
v
398,684,196 418,772,412
-
in
Unadjusted
;
„
(net)
assets
Deferred
-
taxes——.;
•
J 1,
■
901,329
14,064,830
:
$14.93
14,0b4,830
SHEET, DECEMBER 31
affiliated-companies
investments (book value)
Other
,
$700,858
092,333
1945
Miscellaneous
plastic parts used, in Noma's various manufacturing
capacitor division makes fixed, mica capacitors for
and electronics industries.
"I,..
,>v
;
.
The two units have
formerly been -operated separately," but have
now, been
combined, under Mr. Petretti's management in, accordance
with Noma's
policy of consolidation and coordination, of its manu¬
facturing facilities, Mr. Sadacca said.—V.' 163, p. 1870.
in
BALANCE
equipment property
Sinking funds
Capital and other
other
the
21,908,765
'!
:
881,324
14,Oo4,830..
$15,15
;"Y'
and
the
Sadacca, President, announces, the appointment of. Mario J.
as -General,.
Manager of Noma's plastics and capacitors divi¬
Holyoke, Mass.
The. plastics, division produces parts for Noma Christmas, tree lights
operations.
1945 1
4,123.548: .2,733^23.1
ASSETSRoad
ih
sions
24,662,001
26,320,798
22,185,0.02 .22,197,2.50;
22,678,923
18,28.4,279
$15,5.0
Petrettt;
,
Net
10,794)8^0
.ii
879,392
EARNINGS
elected
Henri
week
$459,644
32,979,863
pfd.
on
"
,
1869.
.Unserve, for estimated Federal income and,
1945, excess profits taxes
7,036,339
3,078,005;
Noma Electric
Corp,—New General Manager-r-
1946
_—
2,989,511
income from all
1
'
,
income
^49^13.
8,337,813
23,829,764
24,908,875
1,411,923 vY; 832,231
25,943,534
•
Gross
as
following directors: George J. Brett,
J*
George.; H. Campbell, Frank B. Cuff, John L. Haley,
William -M. Hickey,>
Harry S, Lewis, Earle J. Machold, H. Edmund
Machold, Abram. V. Morris, Otto Snyder, Charles A.
Tattersall, and
Philip, L. Warren.—V. 163, p. 1572..
<
New Yojrk Air Brake Co.—Earnings—
Ket
4^19S,?15 46,090,494
7,732 365
.
22,767,417
Other income
in the territory Where
located Were the best in ;the
January, February, and March.
Machold concluded.
62,325,80.7
'
'
1946
-
'
conditions
Niagara Hudson System companies plan to
WOO'POO. during. 1946 for plant improvements
30,
Months, ended March 31—
51,675,0.32
^427,3,45
69.8^6,201" 65;769,280
32,637,064)
)
j-
Net rental of equipment
are
.
3
1942
$
..5
,
■
150.1.64.921 139,600,164
Federal State and- local.
subsidiary
System's
corresponding
the
■$"
-$;/•"-
144,8.63,519 159,599.035
oper.„
•
.
available
19.46, as 62,523,876, compared with
April.7, 1945; an inprease of 0.32%.
from
rev,
-
*onr
Weekly Output—
for
•
1943
1944
•
•
.
week
A'
.
1945
■
25,756,928
increases in the price of coal and
other items,
W expected, during, the year, Mr. Machold added,
an enforcing
order.
'
Objections to the plant have been filed, by holders of 46,150 shares
of $2
preferred stock of Mass. Power & Light Associates, a subsidiary.
Association
•..
in thd
April; il#
of
CONDENSED INCOME ACCOUNT.
Calendar Years—
"
"V-"'
Further
■enters
The
'
,
1
-
Court
the
on
Corporation
System
holding company system.
to be known as the New England
approved by the SEC- but. approval
urvtil
Ebianciai ■ Cbrpnicle"
Total
the
The reorganized; holding company,
Electric System, has already been
tof
Page 1949-
stock
are
Judge Francis J. W. Ford in Federal Court at Boston April 9 post¬
poned from April 15 to April 25 the hearing on the proposed
simpli¬
fication plan for the Association and its
subholding companies which
will
Further remarks by Mr. Jenks will be found
<{CpfHinHrciRl nid
company and after, all preferred
requirements, Mr. Machold said that the first two months'
earnings should not be taken as an
indication of earnings for the
next ten months as
January and February are two of the best months
from the
standpoint of the company's electric and, gas operations. He
also pointed out that
substantial rate reductions had been made which
Postponed—
,
reported
reservation
oividend
Plan
on
-
customers.
after
an
increase of 14,529,000, cu. ft., or 2,34% above production of
621,531,000
cu. it. in the corresponding month a
year ago.—V. 163, p. 1869.
New
rural
Machold
which
636,060,000
frQmu investments, totaled $3,014,000,
and
investments In
securities had a market valuet of $3,177,ouo, - compared with $2,409,000
and $2,503,000,.
respectively, for 1944^
1945
meet the requirements
of
mission regarding the
corporation's'ownership in the.., common?' stock
of Buffalo- Niagara Electric
Corp.
He. added that he expected some
plan Would be formulated
by summer or early fall.
.
X.
.
.
outpjut in March,
'
--
-
ended March 31. 1946, the Association reports electric
of 53,163,610 kwh..
This is a decrease, of 3,814,349 kwh., or
below production of 56,977,959 kwh. for the corresponding month
Gas
-
lated to
Output Up—Electric Production Off—
indication^
consumption,of
in
Public Service Commission to eliminate the
$40,000 a month reservation,
from net income
by Buffalo Niagara Elcetric Corp., a subsidiary, he,
stated.
week a, year ago,
year ago,
program
During the past 15 months Niagara Hudson companies have made
electric rate reductions totaling; $3,500,000, he advised stockholders;
Applications are now. pending before the New York Public Service
Commission and the Federal Power
Commission to supply straight nat¬
ural, gas to customers in the Syracu'se-Oswego and U.tica-Rome areas
and the city of
Watertown.
A petition has also been filed with the
'
For the month
■Output
Income
The-Niagara Hudson farm
non-farm
output for the April. 5 week is reported at 146,942,000 cu. ft.,
increase
of
18,324,000 • cu-. ft., or
14.25%
above production of
March Gas
2011
.
line extension program is progressing as
rapidly as« materials are availjable, said Mr. Machold.' System com¬
panies now have. 18,000 miles of rural lines
serving. 23,6,500 farm and-
t
Association—Output—
tde. A3^ahiation, reporis electric output
ft. in the corresponding
.
point to an expanded and:
continued high, industrial
'eleetricity and gas, Mr. Machold stated.
He reported,;; tl?afc the'' Sys¬
tem''s, commercial, residential, and farm load is gaining in' substantial
Gas
128,618,000 cu.
...
■
year ago.
.an
.
that reduced the-total
'refluiremeAtX'on securities of subsidiary
companies held by the public by more, than $7,500,000. a year.- In the
same, period, he stated, the, total funded debt of subsidiary companies
was reduced by
$41,509,000. '
1
'
;
'
During 1945, said Mr. Ma.chold, the System made important changes
to further
simplify' its- corporate, structure. ■ Plans for further
simpli-,
fiqati.o.n call for the elimination of several smaller units of the System
'during 1946.
- r' • "
1 ^ • ' •
•
- •' -»•
•
• -
.
Newt England Gas & Electric.
-below
.
competed
.
•of
.
.
Period End.<March, 31-^
194$—Montl?-rl945j
1946—3, Mos.—1945>
Sales
$7,877,594 $8,666,345 $21,290,444 $21,206,433
•—V. 163, p.
1433..
;
.
.
.
■
,
'
.
.
Eerie J. Machold, President; at the annual meeting held, on Apfil 9
reported to stockholders that the Niagara Hudson System, last month
^
(J. J.) dewberry Cop—March Sales. Off 9,1%—
_
.
was said that this would depend largely
availability-of materials and,.labor.-^-V. 163;
the
<
■
proportions.
.
_.'
.
Mos!—1945*
$8,452.^33,
'
.
it
year,
as
i
v
r
Period End. Mar. 31—
'
m
Niagara Hudson Power: Corp,—Completes Refinancing
Program—Expects to Have Plan to Sell Buffalo. Niagara
Common Ready by Fall—.
'*
.
National Vulcanized Fibre Go.—Partial Redemption—.
company
factors
i.WV
."mi
...
..
:
registrar, fgj
The
;
fox occupancy* this
Transfer
—
1
The
of
ah
record
rate
expire
Union
on"
Oil
V.
163, p. 1288*
of 3/lOths of a
April. 26t
'
VI
Co.
subscription'' price
3! have befen given the right. to"
150,030 shares of capital stock at $14.50
March
additional
the
of
all
California
shares
^''" "Yv
-
issuance
shares
shares
of
cttpital
pursuani to
for
one,
in
the
each
-
share
-
•
.
held."
■
,
"
authorized the. listing of. 400,000
stockf.(no:par)
chanse
presently
a..
for
Coital Stock—
The New Yorlc Stock Exchange ha-
additional
"
agreed to purchase at the
not; subscribed 'to by
stockholders.—-
Pacific Mills^-LiEti^ig of
f
share
has
upoa official notice ot
split-up, on the basis of two
authorized and issued shares of the
ana
-
provide for" retirement of: the' company's.;.Sireet .funded debt,
which, is not callable/a sinking fund was established -in November,
1937.' At r the end of the year appropriations by the company and
will not affect the
capital, or siirpvus of tbe cmWW. or In. any way
change'tfie relative rights Of the stockholders of the company.—V, 163,.
p.
1871.
%
<
■ ■
■
:3.»p§^
K-y/ /?_ .-ft.", •
.
f
l"!
MNj^iafcy '•'•'•'•
^4«Sr.
'.v.-■
"'
..
Pacific Telephone & Telegraph Co. (& Subs.)
-1945
-1946—3 Mos
| Period End. March 31—
S
$
Taxes
——:
Net
50,186,000
——-—
6.266,000
operating Income
Inc.
28,022,000
6,458,223
Geo.
income—net Dr—
188.000
4,003,000
184,216
f.
"
747.383
Total
income
6,078.000
deductions
6,274,007
715,590
24,019,000
2.724,825
ZZ~<»
Dividends
Earns,
$6.72
163, p.
Jplftrch estimated.—V.
+
Phillips Co.—
100,000
Alfred
Corp.—
200,000
Otis
200,000
&
will be used to redeem $12,000,000 first
mortgage and first
bonds, series B, at1104, $8,250,000 first mortgage and first
bonds, series C. at 103 V« and $10,000,000 first mortgage and
JQrst lien 2^i% bonds, series
D, at 103*4.
v;
W*
••W
of the proceeds also will be used to prepay $16,000,000 promisysory notes at 100.
The balance will be added to general funds and
200,000
R. L. Day & Co
Dempsey & Co
Proceeds
240,000
R.
3%
S.
Dickson
Inc.
&
Seasongood St Mayers-
purposes, * including payment of
pari of the cost of construction work now authorized.—V.
163, p. 1732.
Foster
Marshall
&
Graham. Parsons & Co.
Panoramic Radio Corp., N. Y.—Sales Increased—
This
corporation,
1938 to operate
m
navigation,
,
a. research
in the field
made sales in
1945
fSF ,®cannill8 8
frequency
200,000
as
common
Watkins, Morrow 8c Co.
100,000
500,000
Weeden & Co.,
140,000
740,000
White, Hattier & Sanford
Wurts, Dulles 8c Co
F. S. Yantis 8c Co., Inc.
200,000
peacetime
j
;
Ml JO*"&$■''
While
'V.'
"'
tv"
•.
of the more
complicated panoramic
exclusively to other companies for use on
aircraft
applications, the company has a line cf
professional
■
and
yy
\
amateur
j-'.
share
The
company, making the total number applied
of
n?
n
P*
H; ™
45,000
shares
1373*
common
*
Pennsylvania Co.
.
of
stock
•',<
Com¬
of
Schumacher.—V.
Offered—Halsey, Stuart &
a Sr°uP that on April 9 won the award
$30,000,000 secured serial notes, and
immediately reoffered the notes, which mature
$1,500,000 annually from
;Apnl 1, 1947, to 1966, at prices to
yield 0.90% to 2.20%,
according to maturity.; The offering is
subject to ap¬
proval of the Interstate Commerce Commission.
The issue was awarded
April 9 to Halsey, Stuart &
associates
Kuhn, Loeb & Co.
est cost basis of
associates 2.01%.
1947
interest
an
cost
basis
and associates bid
of
1.65%
1954
1.55%
1.60%
1960
1.95%
1.10%
1948'
1.00%
1.70%
1955
1.20%
1949
1.10%
2.10%
1961
1.75%
1956
2.00%
1-30%
1950
1.65%
1.20%
2.15%
1962
1.85%
1957
2.05%
1951
1.75%
1.30%
2.20%
1963
1.95%
1.45%
1958
1952
1.85%
1.375%
2.25%
1964
2.00%
1959
1953
1.90%
1.45%
2.15%
1965
2.20%
2.15%
1966
2.20%
^AnrU^l
Evt^iAfiS J,' 194G' Prhicipal
*nri
AP if
$
6.345,901
13,253,351
13,488,087
1,079,038
28,575.246
986,435
33,892,501
1.434,235
1,469,826
1,282,456
1,469,993
V.
payable at office of the
and semi-annual interest,
company in Philadelphia
Definitive notes will b? S
I ™* J" denommation of $1,000, and in fully registered form
denominations of $1,000, $5,000 and any multiple of $5 000
rigistered notes will be
.interchangeable.
Notes
^e{^ecma
My thne at the option of the company as a
-»ifIf °1e °5. more maturities as a whole, on any interest
—
expenses
27,702,028
2,080,495
rvwi.
aSu?
Sit th2?r^r£if™i
««
Prtnoi
fl
f^fh
-
Wth
°J onany other datc
'
#
°f
amount
their
and accrued
principal
ere?f from the date
,
notSem£twre payment dat€
CHANCE—Issuance
i
tIS
secured
2,982,181
,2,921,173
7,356,820
15,211,898
570,000
4,438,652
19,121,543
3,920,000
926,832
1,040,893
1,943,732
taxes—
1,082,687
bal.
375,207
Jt. facil. rents—Dr. bal.
151,483
1,127,846
739,120
195,912
4,250,611
7,669,475
rev.
from
the
sale
to
the
Railroad
Equip,
retir.
rents—
i
Net ry.
—V.
Dr.
'on
Rents
and
v
'
Gross income
Int.
-
funded debt:
interest
on
on
funded
27,912,411
Div.
$9,448,467
1,004,058
debt
,
;
appropr.
of income
in
.1942
.
$8,764,006
810,316
-
224
264
305
13,761
6,424
18,039
108
878,750
ji7,463
Income
—
r-".
1,414,635
10,275
,
11,442
»
..
6,990
$8,185,588
appropr..
•Paid
„
$9,390,213
; 946,974
110
securities.
$8,185,588
112
$9,592,778
957,074
15,951
1,791,160
1,791,160
-1,330
19,602
-
$7,478,713
500,000
*5,000,000
$3,207,810
'
$6,978,713
$6,808,991
500,000
*5,000,000
$1,308,991
corporation for
the six
Asso¬
ttr-t
months'
the
period
not sufficient to pay any interest due
collateral trust income bonds due 1950.
the
Guaranty Trust Co., trustees
for
1946.
has
been
paid
the
on
bonds
since
March
1,
1934
—
50 cents
was
share
a
The shares
on
has
applied
for
the
listing
the
of
common
the New York and Chicago Stock Exchanges.
2,268,762
314,001
234,614
413,265
10,440,434
14,215,517
v
cper. income.
(J. C.) Penney Co.—March Sales Up 1.81%—
-
Period End. Mar. 31—
1946—Month—i945
$
Sales
—V.
date, July
price of the physical assets
inventory of materials and supplies
date, estimated to be approximately
1946—3 Mos.—1945
as
1946—Month—1945
$9,962,244
Mt.
1,
1946.
The balance of the pur¬
the purchase price of such
to be on hand at the take-over
Outstanding
1st mtge.
$411,000
$1,250,000
120.000 shs.
*85,955 shs.
1,280,000 shs.
tl,045,500 shs.
*85,955 shares of the 4%%
haVo
been designated as
common stock
shares
of
cumulative preferred stock outstanding
Series "A",
tin addition 171,910 shares of
have been reserved for possible issuance upon
the
conversion
outstanding preferred stock, Series "A".
BUSINESS—Company
incorporated in Pennsylvania
on July 24,
1936. From the time of its organization, the principal
business of the company has been the manufacture, sale and repair of
railway freight and passenger cars, subway and industrial cars and
1946—3 Mos.—1945
$2,980,376
the
and
gold bonds, due Jan. 1, 1948
4l,fc% cum. pref. stock (par $50)
Common stock (par $1)
Peoples Drug Stores, Inc.—March Sales Higher—
$3,498,507
of
assets
Authorized
Illinois Car & Equip. Co., 5%
HISTORY &
...
physical
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
of
Period End. Mar. 31—
the
$600,000, will be provided out of
the general funds of the
company.
Under the agreement the sum of
$3,158,333, which includes $600,000 on account of the estimated pur¬
chase price of such inventory, was payable on April 10, 1946.
163, p. 1434.
Net sales
of
chase
Stfcfun
$■
49,267.390 124,107,664 119,485,910
50,159,452
$2,650,000)
Car
an
hand on the take-over
on
;;
.
(approximately
Mfg. Co. plant at Mt. Vernon, 111. Company has entered
agreement for the purchase by the company of such physical
assets and the inventory of materials and
supplies of Mt. Vernon to be
Pennsylvania Water & Power Co.—Partial Redemption
$8,368,170
was
parts therefor.
During the month of March, 1946, the company operated 131 stores
compared with 130 in March, 1945.—V. 163, p. 1435.
Railway freight cars manufactured, sold and reo»ired included com¬
posite and steel box cars, steel automobile cars, flat cars, hopper cars
and special purpose cars.
Steel
subway
cars
manufactured and
were
sold principally, to municipalities for
rapid transit service. Industrial
cars included ore cars, air
dump cars, coal mine cars, sugar cane cars,
Net asset value per share on 881,938 shares of this
corporation out¬
standing at March 31, 1946 was $13,108, as against $12.69 at Dec. 31,
quarry cars, steel plant cars and a wide
small, for various other industrial purposes.
1945, and 610.72& at March 31, 1945.—V. 163. p. 658.
range
of
cars,
and
large
Passenger cars constituted
minor portion of the
company's production and consisted mainly of
passenger coaches.
For the most part the company's cars were bunt
a
Philadelphia Electric Co.—Weekly Output—
The
according to customers'specifications.
Two subsidiaries,
viz., Pittsburgh Allegheny & McKees Rock RR. and
Chicago & Calumet River RR. are common carriers, operating as switch¬
ing railroads for other railroads and respectively for the company s
electric
-
output of the company and its subsidiaries for the
April 6, 1946, amounted to 127,267,000 kwh., an increase
of 13,000 kwh., or 0.1% over the
corresponding week of 1945.—V. 163,
p. 1871.
,
week
ended
Philadelphia Suburban Water Co.
12 Mos. End. Jan. 31—
Gross
revenues
plants. Pressed Steel
formerly known as Koppel Sales Co., inc.,
selling and warehouse agency, with offices in Pittsburgh, Pa.,
and San Juan, Puerto Rico.
Koppel (Philippines), Inc., a subsidiary,
acts as a selling and warehouse
agency, with principal offices in
Manila, P. I.
■,»■
^
: ih
The company's export sales
averaged approximately $1,203,000 for the
years 1938, 1939 and 1940.
\
' /
.tmT,
In 1940, the company began the manufacture of armored medium
1946
V1945
or
deprec.
acts as
1944
1943
$2,961,506
—
$2,929,515
$2,901,428
$2,762,383
.
.
1,224,246
1,084,131
1,089,525
and local taxes
569,156
465,329
519,956
268.260
Interest
charges
549.341
551.621
Crl.843
CrlO.567
553,146
Cr45,561
547,887
73,831
$596,217
$696,886
$789,755
$782,881
Other
—
deductions
tanks for the
"the
Bal.
avaiL for divs
U.
Pig'n Whistle Corp.—Exchange Offer Expires
April 30
plan of reorganization approved by the stockholders on
18, 1946, each holder of participating preferred stock has
the
right to exchange shares of such stock for shares of
convertible prior
preferred stock and common stock at the rale of one
to
convertible prior preferred stock and
The Commissioner of
corporation
to
poration and
new
common
to issue
of
-
outstanding
shares of participating preferred stock make
such exchange.
The plan of reorganization
provides that the holders of
participating
preferred stock shall have the right to make the
foregoing exchange
5
p.m.
iPST)
directors to extend
Holders
of
on
such
April
time
participating
30,
in
1946,
subject
certain
preferred
cases.
to
the
"
right
v
of
the
stock
intending to m»i»» such
.exchange should .promptly fonrard„their stock certificates to
the
Bank
of America National Trust &.
Savings Association, transfer
agent, 300 Montgomery Street,. San Francisco
20, Calif.
^
Is expected, that the board of
directors will declare a regular
quarterly dividend on the convertible prior
preferred stock of 50 cents
per share payable on May
1, 1946.
This cannot be done, however
until
it
is
known
that
the
required to be exchanged
warded
to the
Application
amount
to
make
transfer agent.
will
be
made
to
list
of
the
participating preferred stock
plan effective has been for¬
the
convertible
prior
preferred
a
cost-plus-fixed-fee basis, in
contract with the
armored meanm
the
company
By reason of the current rapid expansi
Export Divisions at the company's McKees R1oc
plans to shift its passenger car division 10 1
underwriters
named betow have
en¬
tered into an agreement with the company under which the sev
underwriters have agreed, severally and not jointly, to purcnase
the company the numbers of shares of common stock set forth
opposite their respective names:
Shares
Shares
Kuhn, Loeb & Co
A.
~
on
company negotiated a
of similar
manufacture
UNDERWRITERS—The several
cer¬
be-
the
Hegewisch plant. Unless accelerated by the receipt of substantial p •
senger or subway car orders in the near future such removal 10
Hegewisch plant will not be completed until 4he latter part of l94b
early 1947. *
• (>"v*r
•.
•
stock.
the stock pursuant to the
plan.
of reorganization including the amendment to
the
incorporation and Ahe proposed exchange shall not
,come effective unless the holders of at least 75% of the
until
plant
Corporations of Caliiomia has authorized the
complete the amendment to its certificate of incor¬
plan
tificate
for
of the Industrial and
new
share of
one
Government
of 1941; the
items of equipment therefor.
share of par¬
all unpaid dividends accumulated
and
date of exchange for one share of
with
the
British
Government
together with special equipment and parts therefor.
t
The company intends to continue, at its
present McKees Rocks pia
and at the Mt. Vernon plant which is to be
acquired, to manufactt sell and repair railway
freight and industrial cars as well as vario
Under the
up
latter part
S.
tanks and until.the recent termination of the war with Japan
Pr0°, ,
substantial numbers of such tanks and other special combat venici
March
thereon
a
...
1,248,635
All Fed.
-
.
McKees Rock (Pa.) and
Hegewisch (Chicago, 111.)
Car Sales Co., a
subsidiary
Earnings—
Oper., maint. and retir.
The
-
National
Inc., on April 4 announced.
passed a resolution declaring
with
filed
was
March 23,
interest
Vernon
into
There have been called for redemption on May 10, next, $212,000 of
refunding mortgage and collateral trust bonds, 3%% series due 1964,
at 105 and interest.
Payment will be made at the New York Trust
Co., trustee, 100 Broadway, New York, N. Y.—V. 163, p. 1891.
accrued
_
„
fund
Balance
1943
...
.
the
Bonds—
the
163, p. 1435.
price
163, p. 1871.
ticipating preferred stock
212
$8,307,810
-Sinking
of 25-year 3V4%
$10,305,022 $10,466,618 $10,345,985
1,182,870
832,077
1,062,620
16,687
17,053
12,162
accruals
unfunded debt—
Amortiz.
of "disc't
on
...
of
78
Exps. of maint. organiz.
Fixed
be
may
1946
royalty from
Miscellaneous income
Interest
as
1,
13;505
—
real estate
';i
together with
June
on
LISTING—Company
by the ICC.
company
on
^1944.
$9,382,641
908,586
bonds owned
interest
or
information
stock now offered
•
notes
ACCOUNT, YEARS ENDEEf DEC. 31
stocks owned—
on
months
on which such
the notes,
redemption
sinking fund notes, series B.
Other
Tax
of
1e profiled by the
secuml notes, series A, and $20,000,000
v
premium
a
six
ne*t preceding the date
-1945
DIvs.
plus
each
of
Dec. 31, 1945, was
1, 1946, on the 6%
on
of
represent authorized but unissued stock of the company.
7,701,827
2,143,305
2,322,093
1,116,404
—V. 163, p. 1288.
applied
INCOME
Interest
for
fixed for the redemption of such
and sale subject to authorization
proceeds
2hii k/
interest,
amount
60 days' notice,
on
21
concession to dealers
28,559,585
1,989,835
68,638,378
2,782,622
3.000,698
60,176,327
°I agencjr in New Y°rt.
?h»
Dealers,
March
income
Committee
Pressed Steel Car Co, Inc.—Shares Offered—A
group
headed by Kuhn, Loeb & Co. offered April 9 100,000
shares of common stock (par $1) at $26 a share.
The
$
74,881,339 128,124,818 151,320,261
8,549,964
13,141,071
18,436,732
fr. ry. opers.
2.15%
1.55%
J*
.
net
on
Co.—Ruling
Practice
Accordingly, under Section 40(c) of the National Uniform Practice
Code, on and after March 1, 1946, bonds of this issue need, not carry
any coupons earlier than that due Sept. 1, 1946, in order to be a good
1946—2 Mos.—1945
$
-
8c struc.
2.10%
1.40%
held.
"
2.05%
directors
the issue,
Petroleum Corp. of America—Net Asset Value—
MATURITIES AND YIELDS
.90$
1946—Month—1945
59.514,417
of equipment—
inter¬
an
1.97% and Kidder, Peabody & Co. and
RATES,
1.00%
on
■
delivery in settlement of contracts under the code.
revenues
Net
-h°ii?^:Ae®ded
-1.953%.
shares
Railway taxes
Unemploy. insur. taxes.
163,
"
*
•
PURPOSE—Net proceeds will be applied on account of the purchase
vOf
and
five
each
This
accordingly be stricken from
The common stock is quoted
will
oper.
of way
Transportation
Misc. operations
Notes
_
and
19
for
Maint.
M the other stockholders
of common stock
such other stockholders, on the basis of one
ot th-e comPany for each three shares of said
?acher neld
J**
utstanding
common
Ma mt.
appu
for wU1 ^ issued
m,/x^hangi for. the 45'°°°
mil
of
$
presently holds 21,000 shares St the
outstanding 66,000
stock of Schumacher.
If and when the
merger
»
?'
,00° shares wiU be cancelled and no shares
catoci of the company will be issued in -respect thereof,
If0®!??
April
expire
Traffic
for 514,817
of Securities
March
to when issued dealings
subscribe at $30 per
Railway
common
nf
share
to
No
to
The company
shares
rights
stockholders
Uniform
National
ending
has authorized the listing of 15,000
of
-
New
(Excludes L. I. RR. and B. & E. RR.)
\r
common
stock (no par) which it
proposes
to
the taking effect of the
merger of Schumacher Wall Board
Siares!
additional
one
General
shares
500,000
Pennsylvania RR.—Earnings of Regional System—
industrial
■
The
ciation
Co.—Rights Listed—
common
Period End. Feb. 28—
Inc.—Listing of Additional
Ne,w York Stock Exchange
issue upon
to
entitle
dealings at noon on April 18, 1946.
ex rights on April 8.—V. 163, p. 1732.
r
in
vYy
>
,
Stock—
adcxtional
t
/
adaptors to be marketed
operators, Dr. Wallace said.
radio
Paraffine Companies,
mon
which
products will go
or
'
Manhattan
past,
Portland Electric Power
240,000
The
The New York Curb Exchange has admitted
rights
government officials and the aviation and science
press,
jr.*„
appointment of the. Union Trust Co
and the Fidelity Trust Co., Pittsburgh
and registrar, respectively, of its pre¬
Company and Bank of New York continue
York transfer agent and registrar, of both the
and preferred stock.—V. 163, p. 1574.
available
basis.
certain
.i'Sr
1,200,000
Inc
163, p. 1732.
Peninsular Telephone
VThe Stratoscope. upon which research was begun early in 1941
already has passed tests of the Civil Aeronautics
Administration and
tests soon will be conducted for representatives of
air lines, aircraft
manufacturers,
1.000,000
Co.
—V.
;Successfully tested early in 1946 was an aerial anti-collision
instru¬
ment, the Stratoscope, which will contribute
materially to the rapid
.increase in
operation of aircraft.
Dr, Wallace said, by protecting
planes from collision with other
planes or with mountains, bridges,
smokestacks, gas containers and high
buildings.
stock.
common
of the
the
in
agent
500,000
Weil 8c Arnold
jintelligence about all the signals on that
band, has survived the
Impact of change-over from exclusive wartime
research and produc¬
a
and
Dank
200,000
i
tion -to
ferred
E. W. Thomas and Co._
200,000
transfer
Pittsburgh
Wachob-Bender Corp—
Kean, Taylor & Co
Ladenburg, Thalmann
devices based on a technique
band and relaying simultaneously
p. 1289.
the
announces
company
Pittsburgh, Pittsburgh, Pa.,
as
200,000
Gregory & Son, Inc
Ira Haupt & Co
manufactures
radio
& Co._
Thomas
The
of
600,000
&
^The company, which
Stokes & Co—
Hill & CO
of
1944 totaled $2,066,126.
•
100,000
300,000
200,000
300,000
Green, Ellis & Anderson
$2,618,265, despite Army and Navy
-contract cancellations of
$736,505, Dr. Marcel Wallace, President, re¬
ported on April 10 at the annual
meeting of stockholders.
Sales in
*
Walter
740.000
i
Gordon Graves and Co.
and development organization formed
of communications, aerial and surface
163,
(H. K.) Porter Co., Inc., Pittsburgh—Transfer Agent—
100,000
Sills, Minton & Co., Inc.
Stern Brothers & Co—
200,000
Corp.
Robert
140,000
Steele & Co
;
-
dealer concession of 75 cents a share.—V.
100.000
Showers
240.000
300,000
Farwell, Chapman & Co.
Fauset,
The First Cleveland
corporate
'
200,000
Scott
200.000
Co—v
a
Pittsburgh Steel Co.—Secondary Offering—Mellon Se¬
secondary distribution Mar 27
block of 52,080 common shares, at $17*4 a share, with
a
a
*& StringfelTow—
200,000
&
now
curities Corp. offered as a
200,000
Elkins.
Morris
con
caustic
2685.
p.
300,000
300,000
500.000
—
Dhi
100,000
Scott, Horner & Mason,
Co.,
;
an
manufacturing budding, administration building, and a combination
employment office and gate house.
Extensive coal handling facilities
were
constructed
in
conjunction with the
power
house.—v
iw
100,000
Co—_
&
operated by the Columbia Chemical
Defense Plant Corporation under a
option to purchase.
This option has
Government's
included
plant "consists of six principal buildings, which include
manufacturing building, machine shop, power house,
The
The Robinson-Humphrey
Schwahacher
vl
'
chlorine
200,000
500,000
Francis I. duPont & Co.
.
general
Cunningham
J. M. Dain & Co
lien 3'#
for
100,000
Inc
Reinholdt & Gardner—
Corporation.
Ijccn exercised"
Peters, Writer & Cbristensen,
Co., Inc
*
available
140,000
600,000
Collins & Co.
K.
the
which
thl
of
w
plant was built and
for
tract
1,200,000
140,000
Co
Park-Shaughnessy & Co.
Patterson, Copeland &
Kendall, Inc
C. Codings and Co.,
Inc.
Julien
S.
&
The
sion
300,000
140,000
O'Gara & Co—
Colum
Division,
Reconstruction Finance
the
from
140,000
E. M. Newton & Co
200,000
C.
Co.—Registers Debs.—
registration statement with the SEC
for S50.000.000 serial debentures dated May 1, 1946.
The interest rate
and price to the public will be filed: by amendment.
The underwriters
are headed by Kidder. Pea
body & Co., Merrill Lynch, Pierce, Fenner
:<fc Beane and Halsey Stuart & Co., Inc.
,be
140,000
Clayton Securities Corp.
-$6.82
The company on April 4 filed a
lien
*Nashville Securities Co.
Newburger & Hano
City Securities
20,302.813
1573
..Panhandle Eastern Pipe Line
500,000
C. F. Cassell & Co., Inc.
Caldwell
21,706,358
20,918,125
$1.76
SI .70
shr
21,458,000
4,921.875
4.921.875
—
per com.
5,558.417
5.416.000
Chemical
large chlorine and caustic soda
200,000
Mullaney, Ross & Co—
Vice-President in charge of this company's
on April 8 announced the purchase
producing plant at Natrium,
E. T. Asplundh,
bia
200,000
Minsch, Monell <& Co—
100,000
Leary & Co.—
/ I.
Pittsburgh Plate Glass Co.—Purchases Plant—
200,000
100,000
& Co.
100,000
Monroe and Co.
Braun,
Net income
-'•
ii..■■■*■-
Baum, Bernheimer Co._
Blair & Co., Inc.
24,431,183
2,561,000
'
662,000
—
100,000
^
100,000
140,000
1,200,000
Barrow,
y "*
Interest
Inc..-i-
r*
163, p. 1732.
Burns & Cor-
bett, Inc
Mason, Moran & Co—
E. W. & R. C. Miller
The Bankers Bond Co.,
V.
200,000
& Co
Martin,
100,000
Applegate
E. Aub & Co
A.
25.178,566
*
Other
G.
each
$240,000
Laird, BisseU & Meeds_
Loewi
$10,300,000
140,000
Allison-Williams Co
1945
the San Francisco Stock Exchange effective upon the effP^
tive date of the plan of reorganization, upon which date it is
beliPVPH
that the listing of the participating preferred stock will
terminal
stock on
follows:
as
Co.
&
Stuart
Halsey,
s
59,307.216 254,223,000 227,325,212
38,164,402 179,314.000 148,223.539
46,887,000 53,923,107
64,660,000
Operating reveunes—
Operating expenses
has agreed to purchase are
Monday, April 15,
CHRONICLE
purchasers of the notes and the amount
PURCHASERS—The
Earns.
*1946—12 Mos.—1945
'>s*fr#»y*
■
THE COMMERCIAL & FINANCIAL
2012
;,
■,"(■
,,r
Lee Higginson
12,000
G. Becker &
Corp
Jackson &
Co., Inc
Union Securities Corp.
Blyth & Co., Inc.—
Glort, Forgan & Co
6,000
6 000
5,000
Paine, Webber,
& Curris
5.000
A.
Goldman, Sachs & Co
5.000,
Harriman Rjpley & Co., Inc.
Lazard Freres it Co
5,000
5,000
Lehman Brothers
5,000
Smith, Barney & Co
5.000
Stone & Webster Securities
5,000
Reynolds it Co.
Maynard H. Murch &
Grubbs, Scott & Co
Eastman, Dillon & Co.
Hemphill, Noyes it Co...
4,000
Weinress & Co
—
4,000
White. Weld & Co.———
C. All-n and Co., Inc.-
E.
H.
Rolling Sons Inc..
5 McDonald
Go. --------Kebbon. McCormick & Co-
.
&
—
Co—
4,000
4,000
4.000
3,500
1.000
3.000
1.500
1,500
1,000
1.000
1,000
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4481
163
.Volume
CONSOLIDATED INCOME STATEMENT FOR
:
■
■
sr
Balance
25,706,162
$2,724,458
"4,966,427
9,480,738
13,467,140
765,000
4,087,000
7,355,672
•
Equipment is now en route, lie said, for additional RCA
radiophoto
installations in Santiago,
Chile, Rio de Janeiro, Mexico City, Manila,
Honolulu, Tokyo, Shanghai, and Seoul, Korea.
The equipment going
into the new stations was
described as bearing the latest technical de¬
signs and improvements.—V.
163, p. 1770. y •
"
'
7- '■ *'*
$4,201,427
$5,393,738
$6,111,468
$8,336,304
$8,835,926
1,965,544
2,010,541
1,996,390
adm. and gen. expenses
$4,179,280
profit—-
Gross
$6,325,763
291,701
Sleeping Car Operations:
Total
$6,839,535
423,910
$4,358,502
536,047
$6,617,464
$3,822,455
87,800
$6,223,134
264,300
4,181,400
140,000
$927,455
$1,637,434
179,221
deductions_i————
—
•tAll
other
Income
cars—,
394,330
car
1945- -12 Mos.—1944
$
opers...
expenses
-
307,200
Federal normal inc. tax and surtaxFederal excess profits-tax (net)
Other income taxes
—
2,500,000
Total
-288,000
4,468,500
Total
..
156,000
•
JTlS.
1732.
P.
i,2I7,410-shara>v-
Murphy,
Ernest
President,..on.. April
8. stated
V
7/
that
7
;
during the
5,267,274
3,898,340
Sales, less discounts, returns and allowances——
Cost of sales and shipping expenses..,:.
2
108,521
1,458,178
6,401,641
26,150,924'
2.363,749 •' 17,105,659
1,368;934
34,658,499
23,937,871
Gross profit on sales
Selling, general and administrative
Provision for product
quarter.-...'
•'
--iv
.
—"
••
•
v-
-
5,196,870
1,129,383 : "••1,741,928
:
"
.-
^
Inc.—SEC
,
assistants-in
Month
Managing Director
of
Charges
the
of
International
January—
for
Division.—V.
.
revenues
Operating
and
income
i,„??i5ItI?J?fn:Acc<,unfc8,
balances; $55,317; accrued
SEC
and
discount
on
funded
debt
Other deductions
■"Rail transportation revenue
p.
■"Payments
1202.
to
rail
and
accrued
.^
taxes
NOTE-"The
company has brought
suits against Eversharp, Inc.,
Faber
Corporation arid others under-: the Sherman and
Acts, etc.
In
their answers
Eversharp, Inc., and certain
others
have, asserted counterclaims
asking damages of substantial
amounts.
The company's
attorneys have advised the company that
m
their opinion the
counterclaims are without merit
Eberhard
Clayton
Quarter Ended March 31-
Approves
Gross
—V.
market
A
$1,354,758
:
P,eripd,landed Feb. 28—
Taxes lather "than
1946—12
-$858,027 $10,519,994
408,221
5,176,580
404,296
shares
the
07,345 v-
101,706
Non-oper.
inc.
(net)
-
1,188,674
Gr605
Exchange has authorized
convertible
common
shares
of
preferred
stock
cumulative
($5
•"»<•
--
The Commercial
'
v
.f
-•
Natidhal Bank
& Trust Co.
agent for the
series.—V. 163, p. 1872.
New York
of
convertible
cumulative
are
income
Special
$416,077
J
•
Federal
«
inc.—
on
$3,288,021
•
81-1,956
•
89,473
w—
taxes
$4,156,537
806,658
66,394
,
Immediate
Tl!L00O
894,734
■28,300
178,946
496,600
493,033
$1,958,545
plans
$1,803,186
de
Mexico
$163,328
requirements-.-
55,816
Balance
—V.
:'i_.
163, p.
55,816
$185,211
$107,512
1871.-
669,797
-
$1,288,748
'
Public Utility Engineering & Service
Corp.—Output—
Electric .output of the operating companies served by this
corpora¬
tion for the -week., ended
April 6, 1946,; totaled 184,819,000 kwh.,: as
compared with 192,318,000: kwh. for the corresponding week, last year,
a
decrease of 3.9'/c;—tVv 163, p. 1871.
'
:
Approval
Period End-Feb. 28—
Operating revenues
-.
ha? been
preferred
-
As
an
In
Safety School Bus—
DsVSaS'S!!":'"!'
Net oper.
Other
taxes
1946 12 MoS.—1945
$2,519,956
$2,434,955 $28;831,849 $26,851,506
977,381-7 876,039 .11,218,448
10,402,358
159,543 , ".V 129»485: y 2,001,594
1,687,454
144,371'
132,944
1,654,788 .;. 1,567,795
242,000
430,502 ti 3.985,468 :: 3,802,570
287,954
268,924
3,283,488
2,945,455
revenues
and
...
$708,707
$597,061
110
3,702
(net)
amortiz,—
>
...
190,606
2,313,236
193,486
BalftnCev.i'-Z-j--.-*- \
: $517,991
$399,873
Reduction, of.Federal income tax resulting,from
"carry-over!''of^ excess profits tax credit
i
V:
a
.1. j l
£1
163, p; 1871..
•..
for
935,142
687,500.
-
-687,500
■
the
,
Rutland
.
suggested
.
the
holders
of
"
Ra
to
stock
_
_
_
_
$4,287,723
$3,605,271
_
.
KCA
Communications, Inc.—Plans World-Wide Radio-Photo
Transmission; Service^—
•;
-) ,r„f
' :
Blan«- were-disclo8ed-on>March.2B'thy,T!tomp8on:rB.nMihindL»
tive
Vice-President,.-fof..the;expan3ion ot'the:RCA.radiophoto network
»nto a
world-wide transmission service; in addition To its established
international radiotelegraph -system- which now iiiaintftihs direct bir^s^tween the United Statesand 57 foreign tenninals;
f - ' ' '.
Vwtl1 RCA, radiophoto,stations already - in- operation in Buenos -Aires^
Melbourne,- Cairo;.- Rome,^ Nuremberg, London, Paris^ and -Stockholm^
..
oper.
I
>
i
!?
i-
:
I
~
h
V
L
'■
broader
from
;
-
*
altar. ,wiHh-become: entitled -to- the
l94o>
■<
-
|s ,2.75
shares
25,659
$47,238
26,944 -v
3,064
;
Cr2,827 -J
f
10,791
.
'■
Cr3,836
ry.
loss„»^i
oper,
$55,585 V
$74,419
Cr4,059 J •*; Cr3,052
vh'j
513
913-
i
:
*
^
A*-'"
33,426'
.
.
•
,ifM
n
-iT
•
'
$49,897."
53,048. v
14,495
Cr6,407
$153,496
:
6,923
Cr4,627
$111,033
•
Cr9,608 v::
1,398 ;
,66,860
;•
'33,429"
56,009
•
.
$211,801
Cr9,282
-
,
T"'--
.'*SSuJeaioS?erest ^crued
163, p. 1872.
but
unpaids
w.-mr.
Ry.-r~E!arnings of System-^-1
1946—Month—1945
Total
oper.
revenues.—,
Total
oper.
expenses...
ry.
bonds,
" 'VIjt*
St. Lpuis*San Franciscp
Net
$270£92
L
oqtstanding
P"
.
.
1946—2 Mos.—1945 •
$9,267,930- $15,769,369 $19,303,542
0/249,787 13,303(i782 ^13,081/742
$7,486,633
6,370,029
oper.- income.
.
; $616,974
Other income
$1,492,825/ $1,481,276;45,386;.
32,967
.
95,989
*
-
$2;952,147
.
Total
income
$662,360
Deductions from income
7
'
iixed charges ;
163,
Salt Dome
!, The
1480,
'•
and
order
mineral
-
to
leases
800,000
indentui-e
certificates
of
-The». corporation, haa Jiled
above
referred
subjecu
-a
State
to
to
such
^
of
A overriding royalty
of Texas, owned
by
trustr there
interest.—each
accruing?; thereunder.
and
the
-
>
sale, of
from
Tfeag?
facilitate the sale of the above referred to
roya'tv
the
such royalty to a trustee under an
indenture
a/8V6,000t^ -undivided; interest
the
-
$3,012,250
- •
company has conveyed
trust.
Under- such
issued
7.'rr
'.
■
Oil Corp,—Rights—:
24
of
,
(,
$1,520,5671, $1,567,989
820.
67,177
-
$1,077,265
$3,019,324
9,276 '' V7,074
'
$658,237
946
^directora^have authorized the
under
interest
the company,
In
.
1907,
pp.
$1,525,792
5,225
4,123
■
Balance, available for
-V.
920
66,853
MM*
,
•
i
831,891
.
Net deficit
an.-application' for
certificates
registration
will
under' the
becoming
V.•'
be
created
certificate
tar* suchf i foyaity
the
registration^of
Securities
effective
)'
and
evidencing a
^
proceeds •
and J
Act
such
'r
v
'4
i
,
' $678,395
•
.
$1,000 debenture when the .aggregate
'?
•t:' '
,
'
f-t.i
far.- each ^$l,-O0O- debenbure.^ TJris -rate- reduces, auto-
mfttically to 20(1 shares .for
-
$793,346
843,243
-
.
/quarterly dividend, pavablc-Aug. -1,
offer.,of .exchange expires on . June- 25,. 1046. ... . . . .
,
.•»
..
Tb'e.deber4ture holders also- baye-a right to convert their! aebenturos
into comnion - stock, • $1 par -value-..• -The present -rate of- conversion
* !
1946—2 Mos.—1945
$348,758
395,996
$22,971
Railway tax accruals-._
Equip, rfents (net J3r)__
Joint facility rents (net)
the
.The
Comsecuri¬
.
$378,356
401,327
k
Period End. Feb. 28
in
the
railway
-
^
investment
type of financing,
; 1946—Month—1945
<
expenses.
operations
•
-I
v
(Includes Corporate and Trustees'
Accounts)-
i
Net loss
tus:
their
edible
-U<
;
*-■
RR.—^Earnings—
v
maintain
which
r
way oper. revenues.
Railway
Chairman of the board, on March 30 in
a
Of 10-year 5%
convertible debentures, said in
such
especially
Approval of Refunding
,
the
the company offered to exchange shares of its 6 r/c cumula¬
tive preferred. stock for the convertible preferred stock. The directors
have been considering the question of public financing in order to
redeem all or a part of its 10-year 5Vo convertible debentures.
While
plans for this have not yet been completed and the debentures are
hot now being called, the board wishes at this time to make available
to the debenture holders a similar right to exchange their debentures
for shares of the company's 6%
cumulative preferred stock.
Each $1,000 debenture may be exchanged for 234 shares of S/!c
cumulative preferred stGck, $5 par value, and each $500 debenture,
for
117 I.shares
of
such
stock.
Debentures
tendered
for
exchange
muet have all unmatured Interest coupons attached.
Shares of 6%
cumulative preferred stock issued in exchange for debentures on or
before April 20, 1946, will be entitled to the- full quarterly dividend
ipf -IVt:^centSfper share payable on-May 1, 1946. Shares issued- there-r
1575.
p.
.
Period End. Feb; 28—
_
'
.
..
holders
.
^
company,
$4,975,223:
1——
Avildsen,
the
„
more
,
$4,040,081
——
to
have
remaining stock.
Pro¬
the year..
: i"
its
first modern hot-dip
alternative,-the Commission
,
part:
I
•
Recently the company called all of its outstanding shares of con¬
vertible-preferred stock for redemption. In order to make it possible
113,357,
$4,292,771
Prior preference
dividends paid
-v.
.
2,292,436
$4,292,771
Balance''
Balance-iSi i
..
Clarence
notice
$6,445,874
$6,688,063
82,056
163,
d
.; Republic Drill & Tool Co.—Exchange Offer—
.
in
this
" 'fc'
of
carrying out
Net
10 announced
ias***-*:.
-
.
ipc.,; dediic.
interest
.
April
the
^..company to consider marketing the new
through, competitive-bidding channels.—V.-163
-p. 1575.
V.'-*
ties
for
on
is
has suggested that the
company's
comprehensive plan which would pro-"
yide. for replacement of the first
mortgage bondsy refhrancing of
short term debt of
$2,800,000-now held by banks an* also make avail¬
able- tire additional funds
which the company will need to effect
im¬
provements to its
plant.
acquisition of a manu¬
facturing and assembly plant at Leaside, Ont., Canada, near Toronto,
for the production of trucks and transit coaches.
H. E. Hund, Presi¬
dent, said conversion of the plant is nearly complete and production
will get under, way before the end of the month, with all work, previ¬
ously done at the Toronto branch to be centralized at the Leaside
(& Subs.)—Earnings
1946—Month—1945
Operation.v~B,--'—
Fed. income
Other taxes
& Light Co.
corporation
A.,
this corporation's proposal to place
privately with fi-'
nancial institutions
$6,238,000 of new 2%'% first
mortgage bonds to
refund an equal face
amount of 2%% and 3l/a%. first
mortgage bonds
has been withheld
by the New York Public Service Commission
Acquires Canadian Plant—
The
S.
and
butane containers.—V.
.
Puget Sound Power
hold
vealed.'
.
com-
asso¬
^
quarter of
Rochester Telephone Corp.
■
Required production in volume to meet the urgent need for more
uniform safety standards in pupil transportation throughout the coun¬
try, maTks* a. new and important addition to Reo's balanced and ex¬
panding program of commercial vehicle- production, it was pointed out.
First pilot modei has been built; and necessary tooling is well under
way for regular production to begin at an early date, Mr. Hund re¬
$1,133,389
-
and
third
will
Withheld—
Design details of the new Reo School Bus, as a complete, packaged
body-and-chassis unit, have been approved and soon will be announced
by the company's sales organization,, stockholders were advised.
: ;
•
669,797
;
and
•
-
241,027
_
Preferred, stock, dividend
Mexican
this
Mexican
undergoing final tests iq the Rheem Research and
Develop¬
at Pasadena,
Calif., the company will manufacture
shipping containers for petroleum, paint, chemicals
oil products and
large scale production of the first complete
Safety School Bus, ;conforming with all the new standards of the vari¬
ous
States, were disclosed on March 25 in a bulletin to stockholders
from H, E. flund, President.
de¬
non-recur.
ductions
$347,495
58,050
with
laboratories
steel
•
Gross
Deductions
mass
products
among
now
ment
9,145
Reo Motors, Inc.—Builds
are
cooperation
an
management, oonsider
co-tran?fer
stock 3Va%
in
bring to Mexico
galvanizing kettle.
In addition to the
heaters, which were
designed for the Mexican and South
American market
listing of 30,000
series, and
to the con¬
preferred stock.
3V.Yw
■"
'
recovery
factory
industrial suburb of Mexico City.
interests will hold 51% of the stock
and Rheem will
Rheem
pursuant
convertible
butane
country
directors on
the
board
duction is scheduled for the
the
stock,
par),
and
that
Tlalnepantla.
two
Co-transfer Agent—
$3,278,076
:Brl,645
..
of
*'"•ft-:,--'
1,202)198
$4,154,740
L797
Cumulative
The adoption and filing of the amendment to the articles of in¬
corporation ■ will not change the capital or surplus of the company
and except for the change in par value and increase in number of
shares of. pommon stock and elimination of
preemptive fights, the
rights of the holders of shares of common stock will not be altered.
Mos.-^1945
$9,783,525
5,302,451
$348,100
of
appointed
$417,722
of
(including
8,345 shares held in the company's treasury), of the par value of
$10 each, into two shares of common stock of the par value of $5 each.
Fed.
income1
Co.—Listing
The New York Stock Exchange also authorized the listing of 500,000
shares of common
stock
(par $5),
to
be> issued immediately upon
the change of each of the company's issued 250,000 shares
Hampshire—Earnings—
$919,363 '
Stock
cumulative
version
1770.
1946—Month—1945
Gperftting*Teven,ue8-.--r
Operatihg' expenses
of
additional
favorable the Commission has successively extended to May 15,
1946, the date in which the company could sell the preferred stock and
p.
The New York
shares
more
163,
Manufacturing
in
company, to be known as Rheem de
Mexico.
of formation
and will start construction of
a
at
Mexican
Reliance
kerosene
Rheem, President/said April 10.
new
process
163, p. 1575.
Convertible Preferred Stock and Common Stock—
.
burn
make
ciates, R. S.
1945
$1,796,103
to
will
pany
1946
sales
no
163, p. 1479.5
Rheem Mfgr. Co.—Mexican
Affiliate Being Formed—
month
150,000 shares of new pre¬
ferred for sale at competitive
bidding, but no bid was accepted. > As
the company, planned to reoffer the stock when market conditions were
outstanding preferred.—V.
and
will be had upon
them.—V.
(Robert) Reis & Co. (& Subs.)—Sales Higher-
company previously had offered the
its
$2,000,000;
reserve for product guarantee,
$50,000;
cumulative preferred stock (par value
$100), $25,000; common stock
net profit from inception of company on
July 26, 1945 to Jan 31,
1945, $1,558,608; total, $4,058,251. i
Inexpensive water heaters and
space heaters for the
approved the company's proposal to sell at comparative
bidding 150,000 shares of cumulative preferred, the exchange or re¬
demption of its outstanding 148,185.9 shares of 5 % cumulative pre¬
ferred, series A, and the solicitation of such exchanges.
The Commis¬
sion reserved
jurisdiction - with respect to the dividend rate on the
new
preferred, which is to be named by the successful bidder, sthe price
to be paid for the stock and the underwriter's
compensation.
Public Service Co. of New
income,
i
-
(par^value $1), $1,000;
The SEC has
retire
etc:, - $6^06;' total;
Payable, trade, $285,767;
6%
.
$10,701,141 $13,398,145
carriers—express privileges.—V. 163,
other
r
customers' credit
salaries, wages, commissions, etc., $68,335;
security and general taxes, $14,224; reserve for Federal
social
on
'
••
equipment, etc, (after
$2»1),., $71,455; deferred advertising ex-
of
W4; whexpireAdnsttraheew$iremlums.>
$35,310,114 $36,661,307
23,011,762 ' 21,754,649
1,478,568
1,394,691
109,444
105,858
9,199
7,964
expenses
depreciation
163,
1946
1945^ '
$34,855,407 $36,299,904
454,707
361,403
transportation
Other revenues and income
Total
for
April 10 by Edwin
Clark,
Railway Express Agency, Inc. (& Subs.)—Earnings—:"
Sale of Stock—
The
.
doubtful accounts,
reserve
the
1436.
Interest
Indiana,
:
-
:
period at the rate of 38%,
accounts'receivable; trade (after reserve
discounts and allowances of
$175,000), $1,878,272;,-inventory of finished goods, work in process, and" rawr
materials ~
(at or belcw cost),.
$23l335^dUe from officer,. $6,658; advances to r
suppliers, $70,244; land,
building^thachlnery and
for
.
-April 4 filed a registration statement with the.
SEC for 200,000 shares of common
(par $1);
The price to the public
is $3 per share.
Bond & Goodwin, Inc., is the principal underwriter.
The proceeds will be used for the payment of notes, purchase of flight
equipment, additional hangar facilities, improvement of airport prop¬
erty and- other related uses.
of
•"
:
.
ASSET^—Cash, $i;647<526i
^
foreign- trade
p.
on
Co.
•
-normal income
and surtax on the balance of
income for the
Officials—
Express taxes —'
Service
9,425,947
16,608,992
CJ'2,932,207 Cr2,743,910
have joined this corporation as executive
International Division, it Was'announced on
N.
capacity should be reflected in earnings of the company,
in view of the good car-building years ahead.—V. 163,
Public
$1,558,608
*
•
C
matters,
.
company
Cr8,374
5,002,436
'
exc.
163, p. 659.
RCA
cars,
Public Flyers, Inc., of New York—Registers with
2,000,000
——
of invested capital, the.
company's -excess profits tax credit is
negligible.
Approximately 55% ;
of the
oempany's income for the period ended Jah.
^r, L/45, has beenallocated to the calendar
year
1945 for the purpose of
computing
excess
profits tax and provision has been
made- tor Federal income;.
and
excess
profits taxes thereon at the
combined.; rate •- e£' approxi-->
mately 72%. ; Provision has been made; for Federal
10,563,520
Brigadier General William- E. Chickering, wartime Director of" the
United States Army Postal
Service'throughout The world, and Dudley
Wood, former advisor to The-Secretary of Commerce on
v
The
.1.
'
■
562,968
iv 50,000
e
Net-profit for jwiod--———
•Because of the relatively small amount
v
period 1936-1945 Mount Vernon
received orders for
while in the same period Pressed Steel's orders
totaled 46,000 cars.
Mr. Murphy said that this large addition to the
particularly
p. 1732.
475,528
f
.
BALANCE SHEET, JAN.
31, 1946
During
company's
Cr9,307
10,522,551
Crl5,462
Radio Corp. of America—New
acquisition, as of April 10, 1946,; the Mount
- Co.,
Mr. Murphy stated • that the integration of these properties with those of the company should make
possible substantial' economies in operation.. He .pointed out that
the location1 of the Mount Vernon plant is particularly advantageous
because' it serves - a' number of railroads which do pot' enter the
Pittsburgh area. ■ ■
. .
the
freight
Cr3,l49
$4,171,576
^
L—...
10,720,628
•
three
Car; Manufacturing
33,000
9,045,265
I
1946
$5,674,329
1,502,753
expenses-..'..;
guarantee..
for Federal taxes on income—
-
4,037,891
884,414
.
Commenting upoir the
Vernon
INCOME STATEMENT FOR PERIOD JULY
26, 1946 TO JAN. 31,
-.
.
-
—V.
.substantially, reduced the company's car pro¬
months, Mr.- Murphy said, but with the
resumption of Isteel-making it is hoped that this situation will be
improved by mid-year; r At the end of March the company'had car
and miscellaneous orders on-its-books-amounting to' $30,000,000.
first
the
-
675,43ftv.
'
profits..
4Incl. deferred maint
Material, shortages
in
126,701
2,690,834
T,728,684
-
Republic
1202.
33,289,565
374,150 "V
.
of
director of several producing
a
163, p.
5,278,313
3,820,135
862,149
Includes:; '
first
divisions
24,692,746
income
Pay-roll taxes .——
U. S. Govt. inc. &
:
quarter this year.1 approximately-800 freight: cars: were/shipped, and
that about 1,300 cars
are
scheduled for production in the second
duction
revenue—_
Depreciation
Deprec. adjustments-
.."'v ""
Large-Backlog—"r ..; •//•
and
Reynolds International Pen Co.—Financial
Report-—
""Includes:
•
as
and manufacturing
companies.—V.
■"Provision
The New Yorte 'Stock Exchange has authorized the listing of 160,000
additional shares of. common stock (par $1), making the total amount
Has
-
accrued.
Operating
subsidiaries
l'i'1
-v...x'V:'
Vice-President of the National Associa¬
was ; President
of
uie
rmiional
Metal
a
tion
of
Manufacturers and
Trades Association. He also served
.
Listing of Additional Common Stock—
applied for
net
the
467,318
358,797
315,248
revenue
tTaxes
all
441,948
expenses
Total
$1,921,281
of
6,293,120
revenues
Net
operations
Industries, Inc.; ••1-- •••• Capt. Pickering has been
2,564,133
-
$6,833,781
the
$
Auxiliary Operations:
profit before raxes—
the
163, p.
Republic Industries* Inc.—New Executive Vice-Pres.-r-
11,128,991
13,185,715 142,577,454 141,287,864
4,272,834
3,305,214
52,107,607
42,551,394
Crl50,620 Cr2,672,023 Crl,919,547 Cr2.518.152
3,877,178
5,753,028
60,361,260
60,921,747
565,467
506,376
7,335,388
7,043,310
maint—
Conducting
General
Total income i-—-—-
$
revenues
$7,263,446
429,665
——
income-—--.
1945—Month—1944
to
Capt, Nelson W, Pickering, U. S. N. R., has been named
Executive
Vice-President of
this
corporation, control of which was recently
acquired by the Barium Steel
Corp.. He will have complete charge
of
Co.—Earnings—
Period End. Dec. 31—
$6,144,824
income
Pullman
tendered either lor; exchange or conversion should
be
company's Treasurer, 322 South Green St., Chicago
7, 111.
1575.
,
-
Maintenance of
Other
Debentures
sent
-V.
'
Balance
Total
principal amount of debentures converted, plus one-half of the deben¬
ture^ otherwise retired,' equals $625,000;
At
present $152,000 of "
debentures'have been converted and $127,500 retired.
>
J
thq Atlantic,-
23,854,930
$2,942,566
fixed-fee contracts—
for renegotiation refund'V?'' V* y''
Selling,
Mitchell disclosed that
equipment for a station in Berlin had ar¬
rived there and stated that .the station
soon would be in a
position to
transmit and receive radiophotos across
1943
$1,943,397
———~rrr——
prov.
1944
ftftfi
from
mcome
Less
1945 '*-•
•
9.ft 0R2
"-.u
PYns
nnoi*
2013
Mr.
(less discounts, etC,)-^ $30,026,233 $28,648,729 $26,579,388
sales
nrMR
GrOSS
CALENDAR YEARS
of
1933,
certificates
-?v-r<
.i'iii
■!
Monday, April
$$$§&
2014
Offered
lor
corporation of
the
of
mock
Subs.)—Earnings—
Schenley Distillers Corp. (&
t
ait
at., depr.. etc.
13,299,000
^profit tateT-!-Ul™
28,430,000
34,688,954
25,471,000
'500,000
500,000
1,500,000
$25,773,136-$12,678,229
3,000,000
1,890,000
Net income
shareo—
No. of common
1943
$19,251,117
$8,048,158
1,260,000
$6.48
'^04
$7.15
Earnings per share.,.—_
769:000
^
$5,183,117
1,260,000
A -1 $3.77
management
belieyes that the
,
.
,
1
f
I
.
Drexel
closed
&
&
'88,023
$2,809,582
1,068,867
$230,029
81,909
"13,533
"
Fed.
-
■
Util.
265,342
303.800
cumulative
79,790
from
$9,048,727
1,477,480
2,131,216
1,710,516
$3,729,513
Cr27,324
income——.
1,848,920
265,705
$3,537,375
814,514
34,808
Cr2,874
$3,491,132
$2,690,927
$721,101
7,'830
$655,283
•7,983
13,974
^66
$58,522
445
$79,735
'9,830
$58,966
10,132
;
:
deductions.
income,.
charges
of
________i_—___i__J—
Net
funded
premium on
debt
income
BALANCE
SHEET,
$2,525,776
DECEMBER
$728,930
116,"044
1945
Plant
and
forking
$663,'266
108,616
•
-
—V.
p.
163,
317,218
funds
Mohths Ended Feb. 28—
Operating
:
Official notice of, issuance,■ making
common shares applied for. See also
" 1945
490,174
481>760
163,217
183,707
depreciation
.:
other than "Federal income taxes
Taxes
for
^Provision for estimated Federal income taxes—
Net earnings
Other
.
290,696
.
71,032
—:
706,465
—
50,748
117,979,695 114,426,871
40,000,obo
136,539
40,000,000
136,530
1,000,000
16,000,000
1,000,000
8,000,000
,1980
Advances; from American
graph Company
Telephone
&
Tele¬
2,100,000
866,185
2,725,468
5,146,405
74,"828
Advance billing and customers'
deposits
Accounts payable and other current liabiUties-
$i;277,868
133,803
$1,409,621
(net)
$1,272,447
137,173
$1,411,671
752,164
$703,155
income
•
Premium
$3,874,950
1,496,210
144.706
—
-
—
—
Maintenance
Provision
;
and
LIABILITIES—
Common stock (400,000 shares)
on capital stock
First mortgage 5s. due Dec. 1, 1948—
:______
Thirty year debenture 3'As, due April 1, 1966_
Thirty year debenture 3y4s, due April 1, 1968—
^Irty-fiVe year UebChture 2%a, due Sept. 1,
*
1946
$4,048,253
1,663,345
-166-127
——292,741
revenues
Operation
(
1
$
111.788,272 108,346,644
1,042,653
1,334,676
49,257
49,528
85,194
86,194
3,767,411
3,362,218
798,858
887,376
377,018
309,493
Potal
Sioux-City Gas & Electric Co.—Earnings—
; : 12
:
receivable
supplies—
Prepayments
Deferred charges
1481.
1944
$
investments
other
Accounts
$554,650
2io;ooo
317,218
$612,886
210,000
$48,834
dividends-,
dividends
830,000
138,574
Cr3,2l8
31
168,063
Special cash deposits
$69,905
,
Common
Preferred
Additional
Preferred—
fixed
for
;
interest
Material
t
Scranton Electric Co.—1To Reduce
available
interest
Other
Release
V. 163, p.
;
deductions
112,500
1L4~106
'
(net)—
income—
Gross
Income
on
number of
the total
1908.
871,860
par),
(no
shares
Common
c
,
Ug gg>v
1,770,311
r
income
income
Bond
181,147
253,587
275.800
197,951.
'
of
'r
:j
Stock Exchange has authorized the listing of 65,000
preferred shares (no par) and 67,065 additional
The New York
incdme—
inc'Oftie
Other
Lifting of $3.40 Cumulative Preferred and
'$3.40
operating
2,232949
3,362;757
$5,349,811
Cr36,484
—
Net
$2,720,398
1,074,918
23,300
$79,450
accruals—
oper.
Net
1
taxes—
profits
excess
5,730 323
$9,938,902
1,477,349
1,341,431
revenues
income
taxes—
Other taxes—principally State, local and social
security
-,
-
expenses
ASSETS—
.
-
profits tax_
res.
.
17,370
.35,800
excess
Retire,
Galls $4 and $4.50 Preferred Stocks—
The company has called for redemption on May 6, next, all of the
outstanding $4 preferred stock at $107.50 per Share, plus accrued
dividends, and the $4.50 preferred stock at $107 'per share, plus
accrued dividends;
Hb&ers may obtain immediate payment.
Common Shares—
,
3,940,197
115,329
3,823,339
_______
miscellaneous
operating
Net
Federal
21,420
9,084
22,233
and surtax
normal
Fed.
.'
$3.40 cumulative preferred'shares
See .V. 163, p. 1908.
343
expenses
rents
and
Federal
1946—12 MOS.—1945
$246,696
taxes_^_——
General
\
;
Operating
Income
1946—Month—'1945
:
Operation
Maintenance
Co.. Smith, Barney & Co., and Merrill Lynch, Pierce,
Bea-ne - announce that the subscription books have been
the company.
Commercial
i9f4lt
4.059,174
6,840,693
2-455,585
expense
Miscellaneous
revenues;
$659,506
sAccrued liabilities
'due
not
'
is reducing to 53,248 shares from 68,560 shares the
preferred stock which it proposes to issue as part of its
plan to refund the present outstanding 53,248 shares of its $6 pre¬
ferred Stock.
The reduction is intended to meet the ruling of the
Securities and Exchange Commission which prevents premiums on
stock being retired from being paid from proceeds of the sale of new
The
Unamortized
company
stock.—V.
160,
income
Gross
of
amount
Interest chgs.,
income
^No
excess
Sales Up 38.3%—
;
i
<
:
tv
Corp.—New Financing—
Metropolitan Life Insurance Co. has made a mortgage loan on
Broadway Building of $3,500,000 at 4% interest with 2% amor¬
tization and further amortization out of income.
Proceeds of the loan,
together With other funds of the 61 Broadway Corp. will be used for
the redemption at 105 of $3,9(6,500 of outstanding first mortgage in¬
come certificates.—V.
163, p. 1290.
V-
4
.
"
earnings
$151,663
$'660,817
$645,216
61,454
37^480
243,720
241,590
16,653
123,000
104,980
$52,739
$284,097
$298,646
819,103
3,447,997
3,103,884
84.2 c
deducts.
87.4c
86.1c
87.3C
Prov. for Fed inc. taxes
'
Net income
Quantity of
■
hfcf.
Mcf sold—
Quantity of gas made—
per
957,437
1,041,251
v
i '■
Holder
gas
3,652,490
3,355,640
29.96c
35.70c
32.06c
Provision
Cas
&
Corp.
—
Stock
Offered
—
F.
HISTORY AND BUSINESS—Corporation
Deo
Federal
923,560
Gross
Interest
organized in Delaware
was
j
;
Net
all acquired. from Cahdler-Hill Corp. (Mich.). 'The interests in
the oil leases of Candler-Hill Corp., together with piping, tools and
equipment pertinent thereto, and Cash and accounts receivable prior
to their acquisition by the Corporation,'constituted all of the assets
(he
oil
division
©f
Candler-Hill
Corp.
The acquisition by the
corporation from Candler-rHill Corp. Was made in consideration 'of
the issuance to Candler-Hill Corp, of 325,000 shares' of the corpora¬
tion's common stock and the assumption by the corporation of CandlerHill's liabilities and obligations in connection .with the operation of
the
oil
division-.
•
..
-
* V
•
v
,
T
'
*
'
The corporation operates as a producer and a
developer of acreage,
connecting oil and gas production to the pipe- lines. It is intended
that the policy of the corporation shall be to follow a conservative
.course and to make further investments only in proven .acreage or
in-sites where
the presence of oil is reasonably indicated by sur¬
rounding production and a careful study of available'geological data,
v The method of operation determined upon for future ^development}
in the interests of economy, is to contract-at fixed prices and terms
for
wells
to
be
drilled
by an independent. contractor.
Upon the
discovery of oil or gas in commercial quantities, arrangements are
to be made immediately for-pipe-line connections with one of the
established
major oil units.
It is intended that in this way the
field staff will be kept small and flexible and operations will be
at
a
minimum
of cost.
its
common
such
reasons
companies
in
always
are
it is
not always
alphabetical
exact
as
hear alphabetical
preferred Stock
Pariod End, Feb. 28—
1946—Month—1945
revenues
Operating
expense
$813,594
Takes
Prov.
Net
of
Other
.
1946—12 Mos.—1945
.
in-
62,503
68,294
63,371
68,298
397
405
$339,265
$370,871
retiremehts—
franchises
income
oper.
■
than
taxes)____
for
.
Amort,
6347,104
41922
(other
come
.
$865,494 $10,315,026 $10,056,977
312,988
4,054,658
3,858;902
44,637580,770
528,291
306,135
Maintenance
142;865
$588,172
—_
1772.
p.
Operating
$489,1969
______
163,
'Jan. 1 to March 31
Southwestern Public Service
Co.—Earnings—
46,910
$588,172
11 Days End. March 31
1946
1945
1946
1945
$7,830,219 $10,024,103 $69,911,802 $89,793,564
.
^SMwrnmg,V-
795,087
848,046
771,759
.
786,249
4,775
4,868
2
DrGll
mSm?
$4,116,811
Dr3,821
$4,021,781
<«»
income
H30M83
286,901
stock
shares
special meeting h^ld "April 9 voted to create
stock (par $1) to be issued solely,
for existing special participating stock (par $1) on the
a
exchange
basis^of four shares of new for each share of existing stock,—V. 163;
Electric
this company for the week ended April 6, 1946,
totaled 2,683,600 kwh., as compared with 2,018,000 kwh. for. the
corresponding week last year, an increase of 3.3%.—V. 163, p. 1908:
cutput Of
($1
«500,000 shs.
par)
*Ot which 50.000
the warrants.
50,000
50,000
shares
tOf
are reserved for issuance upon the
exercise
these shares, 95,000 are now being offered.
WARRANTS—1The A underwriting
underwriters
shall
t420,000shs.
shall
promptly
sell
agreement
the
thereafter
95,000
sell and
provides
that
in
shares of stock,
deliver
to
the
the
the
under-
^wrfaeturins Corp.
N0V. 30—-
n
Depreciation of
12 Months Ended Feb. 28—
Gross
Co.—Earnings—
revenue
Operating
Provision
Federal
Gross
$7,726,394
3,154,784
expenses
for Tdepreciation—-:
Amortiz.
General
-1946
-
of
plant
acquisition
$7,660,230
3,183,873
655,758
86,400
excess
profits taxes
100,800
621,984
income and
615,340
1,837,993
1,740,925
$1,431,927
252,450
and
expense
1,112
Other deductions
-
$1,266,465
252,450
1,772
24 046
4,546
$1,153,658
$1,007,696
412,296
412,296
$741,362
income
on
preferred
$595,400
stock
1202.
The ICC on April 3 authorized the
company to issue not exceeding
$25,000,000 of first-mortgage bonds, series G, to be sold at 98.319^
of par and accrued interest and the proceeds used in
connection with
the
redemption of a like principal amount of outstanding firstmortgage bonds, series A, due Jan. 1. 1961.
The company advertised for bids for the series G
bonds
and in
"addition it sent invitations to bid to 353 investment
houses, insurance
companies, and banks or bankers, the
bidders
to
s
&
^Estimated
's'
specify the rate of
553,623
635.552
equipment
166,538
149 808
149,979
$$914,593 -$3,^86,664
$2,775,490
other
inc.
70,294
Cr84,097
$4,056,958
$2,859,587
50,829
$$863,765
3,557
571,445
•
_
641,443
——
227,009
1,423,000
$665,515
$634,585
$0.19
$2.04
$1.94
———
refund—
•
*
:
V
920,000
(
profit
Earnings per
230,000
2,270,000
250,000
contirigencies__IIZI—
net
Z
/
1943
1944
$56,235
PtoviSion for
?
19145
497:588
r~zrr-r—
puVchs., int.
(& Subs.)-,Earniilgs—
t$260;467 *$4,772,024 "-$3,479,093
expenses
Expense of idle plants
ZZI-"Z
Amortization of war plan t facilities
Normal income and surtax
Excess profits tax
(net)
• •"
Net
income
Interest on long-term debt
Amortization of debt discount
-V. 163, p.
.1945
69o;373
adjustments^
plant &
"
Tbt'al income
'
taxes
on
$1,284,507 $1,316,586
——
Admi^?fiWP^S°n-SAdministrative and general
TDisc.
Southern Indiana Gas & Electric
Southern Pacific RR.—Bonds Authorized—
Outstanding
SUS!
«»
Southern Cdlorkdo Poorer Co.—Weekly Output—
capitalization
Authorized
Stock purchase warrants
the
at
Balance
.
corporation
in
(par $1) -and Warrants to purchase 35,000 shares
stock., These warrants are in addition to the 15,000
may
be sold to officers, employees, etc., of the
sell 95,000
$1|"IS
Southeastern Corp.—Split-up of Stk. Approved
stockholders
new class of Special participating
Dividends
<■
event
expense
stock
common
A Common
of
9,201
12,760
&
prem-.
—
(The)
The
a
of
to
Warrants which
corporation. Upon consummation of this financing, the
of the corporation will be as follows:
L
on
arrange
,
„
^PeriotI
—V,
733,535
822,754
Amortization
of
debt discount,, premium
and expense Includes
special charges in the 1946 and 1945 periods Of $9,201 and $235,563,'
respectively, equivalent to the reduction in Federal excess profits
tax by reason of deduction of costs incurred
in refunding of se¬
curities.—'V. 163, p. 1202.
Net
CAPITALIZATION—Corporation has agreed
of
:
$1,434,688
630,114
267,694
370;O57
income
Balance
,
Were
,
$980,191
on
Other deductions
•
.
The corporation owns interests in oil
and gas leases in Crane
County, Texas, and Seminole County, Okla. These oil properties with
the exception, of fractional interests in the Killingsworth and Grlsso
oil leases in Seminole County, Okla., acquired from W. H. Harrison,
of
income
long-term debt
"■Amortization of debt disc.,
and
.......
NOTE—For mechahical
to
Interest
for
LLLLjL.
gas
fend Texas.'
!
profits taxes______
*
1945, for the purpose «f- acquiring, ^developing and operating
leases and wells principally in the "States of Oklahoma
14,
and
oil
4,730,486
114 426 877
Southern Ry.—Estimated Gross
Earnings—
„
$,DUo,ybD
126,000
excess
iin'rT li'li
owever,.they
position as possible.
523,870
and
I
possible
$8,150,612
120,200
729,259
H.
Roller & Co., the., New York, on April 8 offered 95,000
shhres of common Stock ($1 par) at $3 per share.
j
1/1Q
567,040
*
I
*<307
4,b^ /,lUo
Amortization of plant acquisition adjustments..-..
General taxes
Dividends
Oil
Seminole
$7,957,359
expenses
for depreciation
income
'
,
1945
1946
revenue
'Operating
28,83c
1934. '
163, p.
™"
_
117 979 695
'
1
per
made
Mcf
—V.
of
cost
surplus
Co.—Earnings—
12 Months Ended Feb. 28—
Gross
sold—
gas
'
Revenue
South Carolina Power
$2,747,027
2,101,8U
$117,317
58,830
—
interest
$3,003,713
2,352,896
'
'
'
'
•-
Total
taxes
$727,230
575,567
935,440
A'-
Net
1945—12 Mos.—1944
.1945—3 Mos,—1944
$798,936
681,619
$42,834
?ross earnings
-62,106
33,376,410
208,44i
reserves-
s
$3,675,589 for taxes, $241,723
$600,000 for dividends payable.—V. 163, p. 1614.
The
Seattle Gas Co.—Earnings—
Period End. Dec.,31—
otal oper. exp. &
other
Unappropriated
the 61
1946—Month—1945
1946---? Mos.—1945
$128,600,901 $93,001,786 $223,662,045 $162,903,119
1481.
163, p.
and
Total
Period End. Mar. 31—
—V.
debt
reserves—,—
profits tax payable.—V. 163, p. 1481.
61 Broadway
Sales
funded
on
deferred credits
Depreciation and amortization
Insurance
Net
premium
Other
1443.
p.
Sears, Roebuck & Co.—March
v.
other deductions
spec. chgs. and
0J>
$32,932,351 $30,435 963
5,799,329
6,003
expenses
General
,,
the offering of 65,000.
on
Traffic
Sierra Pacific Power Co.—Earnings-
Scott Pajper Co.—Stock Oversubscribed—
tenner
Depreciation
Other
,
'
1945
Years-
.
Period End. Feb. 28—
5?;"
'
Calendar
t
Operating
5
Soiitherh NfeW Eh^nfl Tel^hhhe Co. -Annual
Report
v
Dividend—
1996— v'
f:
'
.
2*A"/c, series F, due Jan. l,
Total Operating 1 revenues
Current maintenance
discussing the saying of fixed dividend charges resulting froip
'retirement of preferred stock, Henry A. Ro'emer, Chairman and
President, stated that it is the intention of the management, con¬
ditions and earnings
permitting, to increase the dividend on _the
common stock from the current rate of $1 a share
annually.—V. 163,
1908.
wni
y W1U be
1772.
!
In
:
v
The NeW York Stock exchange has authorized the listing of: (a)
3,600,000 shares of common stock (par $1,750, on official notice of
issuance,
pursuant
to the
split-up of the outstanding shares of
common stock (par $Z.SU), and (b) 357,142 shares of cpmmon stock
(par $1.75), on Official notice of issuance, pursuant to the corpora¬
tion's employees' share purchase plan, making the total amount of
common stock applied "i or to date 3,957,142 Shares
(par $1.75).
The proposed, amend ment will effect no change in the aggregate
amount of capital represented by outstanding common stock of the
corporation.—V. 163, p. 1771..
,
:
:
P
first mortgage bonds,
000
p.
^
Sharon Steel Corp.—May Increase
^
p.
Listing of Common Stock—
;
AND
company
.•
Listing of Bonds—
;
The New York Stock Exchange has authorized the listing of $50(ino
boo first mortgage bonds, 2%%, series E due. Jan. l, i986 and $50000
REGISTRAR—The
transfer agent is
Corporation Trust Co.- of New York and Jersey "City, and the registrar
is Registrar and Transfer Co. of New York and Jersey City.
V. 163,
•p. 1908.•
•
'
•
' '
earnings will have no
_
approximately 2.38%
'
present
the
AGENT
TRANSFER
v
results of renegotiation of any
material effect on the earnings as reported after
provision for taxes ana reserves..
a
•
/
J
Noting that under the provisions of the Revenue Act of 1945 excess
profits taxes were eliminated on corporate earnings, after Dec. 31,
1945, the report explained that since the company's fiscal year ends
On Aug. 31, 1946, prOtlts for the full year are subject to two different
sets of rates.
C'OhSequehtly, it Was decided by the management that
the estimated avferage elective rate for the entire year should be
used in determining the provision for Federal-taxes for each of the
two quarters covered in the six month report.The
is
cost of the proceeds to the railroad
average annual
intention of the f°ri5oration that
the net proceeds to be received by the corporation from the sale of
the 95,000 shares of common stock festimated at $230,000) ;are to be
devoted to the below stated purposes in the following'"-order:
(a) to retirement of present indebtedness: (1) to Mercantile
Trust Co., Dallas, $30,000; > to contractors and for pay$105,000
i>
ment of other obligations, $75,,000;. totaL^-——•
(b)to machinery, equipment and pumps used to increase
25.00P
V
production oil Orwig Tract.
——
.
■.
100,000
(c) to additional Working capital
PURPOSES—It
6491'■
1945
1944
554,703,136 $47,867,183 $35,019,158
February—
End
6 Mos
Prof
: In "InuXttliles Vf • % of l% per annum
t
response thereto 'bids were Received from two groups of prosn^fi,
purchased.
The better bid, 93.319% and accrued interest based
rate of 2 lA % per annum, was made by Suhn, Loeb & Oo., on heho,?
of itself and 90 associates, and has been accepted.
On these bases n,
lhterest' W
writ'erhr. its 'designees-:35,000 ■•'Warrants lit Jhbent&'per-Variant,
warrant shall entitle the holder thereof to purchase common stock
at $3 per share at any time on or after one year?; from the date
.on which all of the 95,000 shares shall have been sold by the under¬
writer, 1)Ut not later thah£three
issuance and sale of the warrants to the underwriter, the corporation
may
issue and sell not more than 15,900 warrants to one or more
of its officers, directors, employees
or others rendering services to
the corporation.
frtrbseriptton- to ? holders;ttthe.^oittitton;^&pltal
record at the close of business April 15,
at tne price oi o«i cen.s per certificate on the basis of one certificate
for each share of said stock held.
It Is expected that the subscription
period will be for 15 days and that any certificates not purchased
by-stockholders of the company will be sold to underwriters for offering
to .the public.—V. 163, p. 1*07.
\
;• v
.
, y: ,. / ,
be
will
15, ig46
common
II
share
$
Vt. de.dUcting provision for renegotiation
of war business and
tAfter intefest paid of $3'6,492 in 1945: $23.-
manufacturing charges.
maad $16'917 in 1943- $Loss. § Estimated net refund of
Federal taxes 011 income under carry-back provisions of
?
Internal
Revenue
Code.
o0T^n >.®°hSolidated income
-so,
194b, follows:
Profit from operations
l1™,*
expenses,
statement for the six months ended Feb.
exclusive
of
depreciation,
,a"d ,e(I«iPment, $341,593;
$972,136;
loss
from
operations,
$11,170;
deprecia-
and
administrative
$1,302,559;
general
discount on
pur-
and
Federal
Revenue
t
taxes
on
^ther inc01Pe (after interest paid of $74,8761.
-s' $1-20°.073; estimated net refimd of prior^years
income under
carry-back provisions of the Internal
Code, $1,275,000; liet profit, $74,927.—V.
163, p. 1290.
Spiegel, Inc.—March Sales Increased 37.9%—
Period End. Mar. 31—
W
—V.
W
163, p. 1909.
1946—Month—1945
$9'580'175
'
Mos.—1945
1946—3
$6,946,983 $20,065,858
,
,
.
$14,554,956
fM
+lt!ti
'
fp.
''
y,!'
jvxaa.
"""
"*>/?
THE COMMERCIAL'S: FINANCIAL CHRONICLE
Number-4481
Volume 163
V*
.
'
n
'
•
7^"■.
'
'•■1 ^''fl*'
.'
)<"'-<■.*'r7 :■'^V-y!.''
'
.».
_
served
bP
o'
and
director. Until recently
Carl Spaatz's staff. Mr. Powell
General
Uolonel ^n
as
a
Mr.
of
in Richmond, Va.—V. 163, p. 1909.
law fitnl
Kennedy, Secretary; Salvatore J. Dimodica, Controller
Secretary, and Ezra J. Denerstein, Assistant Secretary
Assistant
and Assistant
-in KUntOn, Williams, Anderson, Gay and Moore, a prom*
nartner
Sneit
Jr.', has teen elected
Powell,
p.
David
urer;
SQuibb & S°ns—-New Director—
(E. R.)
Towis
*
Silbert, who for many
years has been active in the Association
Discount Companies, Inc., was recently elected Presi¬
group.—V. 163, p. 1909.
.
that
.
,
Cov—RigfitS—•
on April 10 offered to its common stockholders- A
67,731 shares of 4% convertible preferred stock (par $50).
The subscription price is $50 per share and common stockholders of
record April 8 are privileged to subscribe at the rate1 of one share
of preferred for each four, shares of common stock.they held.
Sub¬
scription warrants expire April 24, 1946, with redemption provisions
of $52.50 per share prior to April 1,
1951, and $51.25 per share
thereafter, plus all accumulated unpaid dividends to the date of
redemption
Acting as principal underwriter of the offering is the
First Boston Corp.
The new preferred stock is convertible at the
option of the holder into two share of common stock..
new
Commercial
dent of
"Stromberg'-Carlsan
The. company
Treasurer.
issue of
'
.
Standard .Chemical Co., Ltd.—Stock Sold—
shares.
tional
shares*
of betterf han93%
Samuel
of' the 150,000- sha res offered.
=rights;^ir«^f March 15 and since the expiration of the rights*
company has sold privately the remaining 10,000 shares.—V. 162,
TV,--.
174.
p.
Mr.
•
-
_£*•***>-.,-'.-rf r
Standard Gas & Electric Co.—Bank Loan Authorized
on April 8 in a supplemental order approved the Issuance
sale to. certain banks of $51,000,000 bank loan notes and to apply
the proceeds of such notes together with treasury cash to the redemp¬
tion of company's outstanding 6%
notes and debentures in the total
The SEC
and
The order however is subject to the following condition: "That all
paid to Standard Power and Light Corp., because, of the
redemption*ot the notes andudebeaxtures of Standard Gas and Electric
Co , owned byStandardPower And.Light Corp., shall be held in escrow
until -the fnrtfceer.iorder of this commission, the terms and conditions
of said .escrow agreement to be subject to the approval of this Com¬
?*v
-1.^'
Redemption—
5.—Standard Power '& Light Corp.
abovementioned
c
outset
be
may
in
the
area.—V.
163, p.
notes
Gross profit
Selling, general
respective
their
at
The
FOR- CALENDAR
Prov.
initial
161, p. 1029.
given
SEC—
*
an
r>eriodEiid.Mar.
Net
acquire
to
'
(other than
income)..^—
7,714,228
1,117;529
6,594,900
—
Provision for state and foreign income taxes—-
Provision
for Federal income taxes
Provision for Federal excess profits
Net
Other
taxes-.-
iricome
Gross
deductions
Income
8,258,107,
•
Br567,472
_—
'—
i
30,873,064
,
1
16,689,190
8,021,557
151,735
Dividends from associate
Dividends
from
companies
Others——
7,533,138:
Miscellaneous-Interest
211,965
355,212
13,137
212,451
377,420
,,
339,196
141,678
53,579
80,000
...,
-
Inc. charges of Standard Gas &
Interest on funded debt—
Amortization
7,498,999
net income—.——
<
92,756
57,752
—
Taxes assumed
on
interest——
—
net income—
STATEMENT
,
—
INCOME
OF
(1)• As
3,544,353
78,792
79,431
53,434
40,987
(a>
-(2)-
—
,
•
■
Total
—
Corporate, • fiscal and administrative expenses—
tegal service-
-i_i(_^i^—
Taxes (other than income taxes L.L*
Provision for Federal income tax——
—
$5,572,647-
.'355i2**
13*137
377,420
$5,940,996
330,196
$5*951,494
303*219
4 92.756
57,752
75,000
>
—--—
—
Interest on fuhded debt—:—
Amortizatibn of ^debt "discount ahd expense—
Taxes assuir^iin.' interest-
—~
—
$5,326;543
3,522342
78,792
53,434
7,083
Other
:
4,912,176
8,503,852
263,743
31,798
19,000
~30~H5
-v. 163, P;
_•
$1,664,892
—
$5,422,767
3,544.353
70,431
40(987
'*•
Edmund Wright,
Harry
L.
Goldstein,
"
$6,800,000
203,194
2,780,947
$8,022,508
inc. and excess profits taxes and for renegot.
Res.-, for postwar rehabil. and other conting
614% preferred stock (par $100)————^
1,781,494
1,316,264
1,334;075
1,346,193
477,800
...
Earned
2,8T8~908
surplus
*
'
312,400
2,700,250
2,770
3,819,433
•Common-stock (320,000- shares of no pal* value)
Capital surplus —
IN THE
Total
,
*
'
2,709,258
6,091
-
3,344,766
5<fr
preferred
stock
of
stock
common
of
Columbus
at
the
time
effective shall receive for eacH share of such
'1 share of
of"
to
one
cumulative
of common
snare
Roach:-Ace-rued
in
the
amount
missioner of internal
and
$3,889,503
in
3944.—V.
163;
Revenue.
^ Sylvan I. Stroock, President, on March
■v
''As a result, this year will be what we
28, said:
can well term a 'six-months'
for our books will close June 30, and then on July l, 1946, we
will begin to operate under the new plan.'
year,
,
the
$1.50
1945
to change the fiscal year of the corporation to begin
July 1 and end June'3d of each ;year has been approved by the Com¬
common
of
in
The proposal
"This
arrangement will permit of a material increase in pro¬
considerable saving of overhead.
This should result in
an increased annual profit- for the company,, since we will only have
one shutdown period instead of two each
year."—V. 162, p. 2687. :
new
duction with
"prior "preference stock of Stokely;
stoclj of Stok^y.,
■;
:
dividends
$4,759,995
(S.) Stroock & Co., Inc.—Changes Fiscal Year—
'
time
the
of
1909.
p.
at
$19,725,752 $20,059,575
...
amortization
MERGER '
Columbus
of
...
^After deducting U. ^. Treasury savings notes, series C, of $1,695,000
in 1945 and $7,575,000 in 1944.
tAfter reserves for depreciation and
on
a
%he New York Stock Exchange has authorized the listing of 1,021,*
200 shares of capital stock- (par-$12.50) to be issued and outstanding
immediately upon the change of the issued and outstanding 510,608
Shares of the common, stock (par $25): of the.company on the basi$
of two shares
of capital stock for each share of common stocks
The' name of the company has recently been changed from LooseWiles Biscuit Co,
en
u The
of
exchangeof
value
$12.50
accounts of
effective
l/15tb
of
class B stock of ^Roach at the time the merger
shall receive for each share of such class -B stock
share- of
a
of
Roaeh
common
stock
of
two
for
shares
each
will pot result in
$25
the
share
anv
of
of
capital
stock
common
each
stock
the
of
pair
of
change it* the capital,
company.—V. 163, p. 1773.
the par value
surplus or other
'
*
securities, not yet exchanged, of
Tampa Electric Co.—Earnings—
Stokely.'
reserved- for Issuance
stock
to
holders
Period-End. Feb. 28—
of
predecessor corporation- of. Roadh),
will be ^converted into 557 shares of -5 % cumulative prior preference
stock.and 384 shares of common stock of Stokely, which will continue
to be reserved by Stokely for such issuance for the period-requiredby the court having jurisdiction of the reorganization of such cor-i
.
a
General
Fed;
owns
A
12,570. shares of the preferred stock,
stdck
and
83,106-shares
of
the class B
thereof;
•
(3)
.
stock
of
(intfl jn*
;
-'
'
.
.
stock
of
oi
Roach,
*\* ■'
**o
thereof.—V, 163, i>, 177^
!
■'■■-"
,
n
,
i .i
Utility
Gross
•
x
Mos.—1945'
3,727,088M:3,799,90a^
494,981
674,221
974,300
420,000
493,668
$166,698
$106,732
$1,335,321
$1,353,030
231
586
5,701
4,810
$166,930
$1,341,022
37,954
$1,357,846
78,54$
$1,303,068
$1,279,297
56,775
87,000
accrls..
40,833
•
oper.
Net
s,
income.
(net)^._
income.—
-
deductions..—
3,237
$107,319
3,134
income..——.—
$163,692
$104,185
Income
shares of Stokely shall be issued in respect
*
54,703
53,944
1946—12
;|7,6S6,0iafiD7#4a4,553
84,200
40,833
income—
res.
Other income
As to Hoopeston: Stokely owns all of the outstanding capital
Hoopeston.
This stock shall be cancelled upon the effective
th-i
on
$655,490
315,076
$653,780;
267,164
35,307
640,668
702,308
475,000
15,704 shares
:
,
1946—Month—1945
>
....
taxes——
taxes
Retirement
predecessor.
class
Operating revenues
Operation
Maintenance
such shares owned by Stokely shall be cancelled upon the effective
date of the merger and no shares of stock shall be issued in respect
Vice-President; Edwin B. Meredith, Treas¬
LIABILITIES—
payable under loan agreements.—
Dividend payable
_J
Accounts payable and accrued liabilities..
*ProviSion for estimated-Federal and Canadian
All
Vice-
3,283,679
102,502
111,640
$19,725,752 $20,059,575
bf
the
Executive
3,113,303
in
Total
the
of
the following basis: : -'
H4 >. Each holder .of :5<fe - participating preferred; stock of Roach at
time fpe mergep-^fbecomes "effective shall receive for each share
of such.preferred stock held: one-half share of 5% cumulative prior
i»ef6*ence stock-of Steely.
,
porate
Theodore H. Silbert has been elected President to succeed Jacob R.
Schiff. who has been elected Chairman of the board.
Mr. Silbert had
President;
As
Stokely
are:
16,508
20,594
20,594
reserves
.
OP CONVERSION
of
holder
»shares
.
elected
holder
Each
becomes
1772.
officers
excess
(chEacb holder of
Standard Factors Corp.—New President, etc.—
Other
taxes..
pbllcie's—
profits taXu
—
qecathea effective shall receive'for each share of such class. A stock
held:'10/15ths qf a share of common stock of Btok^y.
-
$1,757,996
been Executive Vice-President and Treasurer.
materials, supplies, work in
Deferred. charges
'^(bhEach-holder of^Ihss A stock of Roach at the time the merger
1
.
raw
toolsk etc. (at cost)—
(unexpired insurance, etc.)^«
.
the
•■■94*
"
Net income
Each
of Roach,
;
held:
Gross income
'
(tLahd, buildings, machinery, factory equipment,
•
1944
80,000
and on hand—.!——-
;
1944
securities
Postwar refund of Canadian
outstanding share of 5f/o participating preferred stoek of Roach
will, hot be • paid and (all rightsrthereto will cease and- (ietermin^. upon
the effective date of !the ■
5 - There 'will v6e; tenable 6,048.6
shaies of 6^ eumulative prior preference stock and 4,854.6 shares
of commonrstock of Stokely to-holders (Other than. Stokely) of 12*097
shares of 5% participating preferredr stock (par value), 4*832 shares
of class A stock (par $10) and 24,500 shares of class B stock (par $1),
$5,573,133
141,678
53,579
1945
'
each
interest:
Divideudsfromothers———
Miscellahebhs Interest. —
'
Foreign bank accounts (after
Columbus: There will be issuable 38,044.25 full paid and
shares of 5</b cumulative prior preference stock (par
and 3/10thr,
4,944,504
1945
'
Dividends/from .associate companies—
from'dividendsand
to
merger becomes
(COMPANY ONLY)
:
income
"
•
Cash surrender value of life insurance
and
stock held:
3,522,342
3,837,348
.
31
the
were
organization
of
amortization
SHEET, DEC.
process and finished products.....
Claims for refund of Fed. excess profits
-
.
,
sales
$2.97
and
1,085,446
: 130,928
4,838,411
-
8,509,275
.7,083
Consolidated
•
.
month, since
net
$3,344,766
85,388
7,827,637
$2,661,1^; $1,330*409
in. which
$3,819,433
tAfter
1,085,446
1
t)ie; merger becomes f effective -shall receive for each share of such
preferred stock;-held < 1% shares of .5% cumulative prior preference
stock* of Stokely.
*
.
75,000
■
month
$3,585,588
37,628
203,194
$2^)84,|W5
Mos.—1'045}
1946—3
g55L288
-
i
^
$2.51
-
share..
common
Govt,
S.
•
7;228.5 full paid and non-assessable shares of common
stork' (par $1) -of Stokely to. holders. :of 7,$71 shares of 5%- preferred
stock (no par but stated value of $35 per share) and 24,095 shares
oL common-stock (no par) of Columbus, on the following basis:
Electric Co.:
of debt discount and expense—
per
28,331
203,194
•
..
$2,254,827
all-time
an
consecutive
TERMS
•(b)
Consolidated
dividends
Inventories of
V
Df2,770
A
.
303,219
.
2,741,981
(including postwar refund bonds),v at cost^.........v.—w...
stock.
common
$20)
$9,038,002
.
$843,607
$708,962
3,344,766
Dominion of Canada War Loan Bonds (at cost)
Notes and accts. receivable (after reserves)
noil-assessable
941
$8,113,452
Exps. and. taxes of Standard Gas. & Electric Co.:
Corporate, fiscal and administrative expenses
Legal service •
2—
—:
—
Taxes...(Other than income taxes)
Provision for Federal inoome tax_^_=—-------
Cr29,929
expenses.
$4,050,058
ASSETS—
U.
joint agreement of merger,, providing for the merger into StOkely
Of Columbus Foods Corp.. (DeL), The W. R. Roach Co. (MichJ, and
The Hooptston, Canning
Co.
(111.), and increasing the authorized
amount-of common s^ock of Stokely from l.OOO.OOO shares to 1,130;000
shaies, has been approved.
,
-
8,447,190
-
.
reached
sixth
..ft*
*
:
.
reconversion
Cash in-banks
(The New?York* Stock Exchange has. authorized the listing of 44;650
additional shares of 5% cumulative prior preference stock: ($20 pari
12,468i additional shares of common. stock ($1 par)
upon the
eff-vJiiive date -of adjoint agreement -of. merger* between Stokely,
of
8,021,557
220,443
Balance of Income of subsidiary companies— '(
Other income of Standard Gas and Electric Co.:
3,430,344
500,000
contingencies utilized to
.(Incl. Stromberg-Carlson Company Ltd., a Canadian Subsidiary);
•
Columbus Foods Corp., The W. R. Roach Co.
and The Hoopeston
Canning Co.;; makings ther total fnumber of shares applied for: 387,961
shaves of 5 % cumulative prior preference stock; and 911,928 shares
14,184,874
15,706,430
<
278,000
provision for depreciation
$612,963 in 1945 and $659,687 in 1944.
Siiokely*Van Camp, Inc.—Listing of Additional Stocks
»
Balance
250,460
1,599,500
^
for
reserve
"•Restated.
ahd
Br573,596
Divs.,,on capital stocks held by public
—
Minority interest in undistributed net incomes-
taxes
Notes
31,447,660
.'
sales
the
/
.
;
29,907,745
14,201,315
(net)—-■
$5,031,951
for est. Fed. and*Canadian income taxes-.
Earned surplus at end of year—
;
1946—Month—1945
$1,122,417
—-
highest volume• for the respective
company.—y. 163, P.. 1482.
i.
30,475,217
operating income
income
$2,556,533
Earnings
.
13,378,206
7,792,234
1,144,023
6,987,501
8,185,700
Approp. for retirement, deprec. & deple. reserve
Takes
net
V
31—
^—f
and
year
7,069,517
7,389,147
13,367.029
—
$5,282,431
Divs. paid or declared on preferred stock.
peak for any month «v the
history of the company and. was the second consecutive montfc in
Which net sales increased;, mora than 100%>■. over the same month: last
•
repairs—
Sales
March
.
and
-
expense
Common
that
Sterchi Bros. Stores, Inc.—March Sales*-
■
"Jhtiil
'
- 118,102:012 117,058,501
Operations (incl. electric power and gas pur43,258,262
40,979,253
'■) chased & amortiz. of leaseholds,. etc.)—:
Maintenance
■
$2,795,181
238,648
Total
a price to
present stockholders would
some of" the new stock.
See
intimated
was
o|>portunity
V. 163. p. 1909.
2,218,517
2,478,828
$8,107,370
3,286,699
.
$4,820,771
v
424,242
48*209 -xf;! 37,418
($353,933) of emergency war
facilities, less refunds of taxes ($263,743) and
renegot. rebates ($87,420) applic. to prior yrs,
public
It,,
be
-
—
(net)
Profit for the year transferred to surplus.,.
Earned surplus at beginning of year_»^^««.—
It is proposed^ to issue only 500,000 of the-new shares at
YEARS
-
miscellaneous" services
>"V
$2,376,035
370,937
operations
income
Portion of
;
The -stockholders on March 26 voted, to increase the authorized
capitalization from 6,600;000 to 8,000,000 shares, par 61, in. order to
provide; fuiids for an expanded ore development program; '
Subsidiary companies: Operating revenues:
■
V—93,360,464 92,884,286
22,282,720' 21,953.698
,
.
-
*1944
Prov. for postwar rehabilitation & other conting.
\
Gas
broadcasting
Excess profits
,
Other
*
3,232,364
expenses.-
CONSOLIDATED BALANCE
in*
1944
and
tProfit
Steep Rock Iron Mines, Ltd.—Stock Increased—
Subsidiaries .and other street *
railway subsidiaries of Philadelphia Co.)
1945
Canadian Subsidiary)
-
from
Interest
of
waters
offering price as well as the dividend rate will
The proceeds will be used principally for the
purpose of expanding existing facilities for the manufacture Of bump*
ers for passenger automobiles.
Among other things; thO prospectus
said, the company expects to purchase a plant at Newton Falls, Ohio;
from the War Assets Administration for
$638,000.
In addition to re¬
pairs, which are expected to cost $150>000» the new plant will be
equipped at a cost of about $2,750,000.—V. 163, p. 1201.
said
payment' (see
places of
CALENDAR YEARS
FOR
$5,608,399
sales
administrative
on
interest received and other income
1482.
above.—V.
.
1945
in
$33,144,603 $55,101,040
27,536,204
46,994,570
Balance
Profit
obtain
may
STATEMENT
——>***
he Jiled by amendment.
Guaranty Trust' Co?'
debentures
and
Electric Co.
&
profit
were
based
as
same
INCOME
first
Standard Steel Spring Co.—Registers with
(Not including .Pittsburgh Rys. .And
Electric
CONSOLIDATED
,
was
Net
1945
*
area
1944.
in
Sales, less l-eturns and allowances
Cost Of goods sold
The company filed April-11 with the SEC a registration statement
covering 100,000. shares ($50 par)
convertible preferred stock and
named GOldman, Sachs & Co, principal underwriter.
>
full'redemption plus accrued interest :to
the
EARNINGS
•
the
from
Carolina
North
$55,101,940
of
Additional amortiz.
163; p. 1772.'
dividual issue).r-V;
the
at
See Standard Gas
gold notes due May 1, 1948, at 100 and interest
at the Guaranty Trust Co. of New York, trustee. ;
oT;:^>ehtnres
in
peak
a
$708,962.
(Incl. Stromberg-Carlson Company Ltd.. a
Standard Power & Light Corp.—Debentures Called—
6% gold 4iebentures due Feb.- 1,
taredempti^n bpoh: presentation and surrender of
notes
obtained
private Owners in the
6.—20-year 6%
of
oil
for
search
reached
absorb
Y946 at 103 and interest at the
York, trustee.
the
"•
April 29, 1946.
1957;* cnv ja*M5;
payment
was
purely an exploratory well being drilled
primarily for geological information, 'the Cape Hatteras test was
by this company on a North Carolina State lease of approxi¬
mately 1,400;000 acres.
Additional
acreage
was
also leased from
.
nf
.
Sales
t
drilled
gold debentures,. series B, due Dec. 1, 1966, at .104 ahd
interest on . June 10, 1946 at the banks mentioned in the - preceding
paragraph.
£ 4.^67* debentures due Feb. 1, 1937, at 103 And interest Oh June 10,
1946, at'dl^GuAr«nty - Trust Co. of. New York, trustee,
'; Holders
the
,<
.
Total
Described
3.-6^
immediate
continue
April 9 by R. N, Keppel, Vive-President.
tb continue, exploration work; in this
It is possible that the next
location
Pamlico Sound, Mr. Keppel said.
-
,
gbld debentures, series A, due Feb. 1, 1951, at 101
and interest on Juhe .10,. 1946 at the Continental Illinois National
Bank & Trust Co. of Chicago, successor trustee, 231 So. LaSalle St.,
Chicago, ill., or. ni The First National Bank of the City of New York;
2 Wall St., iMV Ybrltf N: Y. •
Oct. 1, 1946
The conibany, a leading manufacturer of home radio receiving se&at
.telephone switchboards, instruments and sound equipment, proposes
to apply the proceeds from the financing as follows: $319,000 to the
redemption at $102 per share of the outstanding 3,124 shares of
.eVa %
preferred stock; $1,080,000 to the construction of "Rochester
Radio City" to house the company's broadcasting studios and head¬
quarters, and new transmitter; $565(000 to the erection of a fadid
cabinet shop, leaving $1,250,000 to be added to the company's working
capital.
;
■
tion.
10,
the close of business on
on
to
;
.
i
As¬
was
test well at Cape Hatteras.
known as Esso No. 1, is to be abandoned as unsuccessful,
Keppel said.
He explained that even though the first well failed to encounter
signs of oil or gas, the geological findings justify additional explora-*
■
!
Secretary and Mr. Jensen
Mr.
'. 2.—The
i
Administrative
The well,
gdld notes due May 1; 1946 at 100 and
1946 at the Guaranty Trust .Co. of mw York,
trustee, 140 Broadway, New York, N. Y. Each $500 of notes
is
convertible into hight shares of $4 cumulative preferred stock up to
of New
have
decision
information
on
on
Mky
Plans
•
The
6%' Convertible
1—The
Jensen
the Secretary.
'
April 10 called for redemption the following six
"issues-of notes and debentures:
•
interest Oh
to
announced
■
The company
C.
Purchases Additional Airplanes—
•
monies to be
J
Peter
Standard Oil Co. of New Jersey (Del.)—To Continue
Exploration Work in North Carolina—
principal ■ amount of $58,601,000.
Calls < Six Issues of Securities for
and
Plans for a fleet of seven new airplanes to be used by this company
in transacting company business were announced on
ApEU 4 by A. W. 1
Peake. President. Two planes have been delivered,, two mare have been
purchased, and three others will be bought in the near future.
Standard of Indiana became the first commercial organization to
own and operate an
airplane as part of its business equipment when
it bought its first plane in 1927.
"By using private aircraft, in addition to airlines, Standard is able
to conduct1 its business more
efficiently and help promote aviation
generally," Mr. Peake declared.—V. 163, P. 947.
Ui* ^Ktoihall has been elected a director of the corporation.
Kimball, -who is associated with Sills, Minton & Co., Inc;, of
is also Secretary, Treasurer and a director of." Ampco Metal;
Inc
of Milwaukee, and a director of The Gabriel Co., Cleveland.
—V.' 163, P- 1909.
Paul
Mr
Chicago,
.
Botsford was
sistant
Standard factors Corp.—New, Director Elected—
mission."-
Botsford
W. C. Ewald.
'•
•
K.
be^n appointed As¬
sistant Secretaries to fill vacancies created by the
promotion some
time agp-bf L. .E. Harmon to
Secretary and by the reoent death of
The
the
Standard Oil Co. (Ind.)—Officials Promoted—
.
to common stockholders for the purchase, of addi¬
-in "subscriptions for approximately 140,000
offered
Rights
—V. 163, p. 1615.
,
S"..Liu
THE COMMERCIAL & FINANCIAL
2016
^Superior Steel C©n><r—Listing of Additional
ptpf^SIS
W::M
c
shares
authorized the listing of 27,000
($100 par), making the total
These shares have been sold
of common stock
for 142,000 shares.
applied
Ffivately. See V.:163j
amount
-
!,»■<$
VK
'»*
1910 Md 1773.
pp.
"" fy'p
'' #'
,
IS}
■>%
..
<!J*3**?'
i
Transmission Co.—Securities Offered
Tennessee Gas &
Dec.
of 64 underwriters
headed by Stone & Webster Securities Corp. and White,
Weld & Co., on April 9 offered to the public securities
of the company priced at more than $55,000,000.
The
Offering comprised $35,000,000 first mortgage pipe line
bonds, 2%% series due 1966, priced at 101 Ms and accrued
interest, to yield 2.65% to maturity; 100,000 shares of
4.10% cumulative preferred stock, (par $100), priced at
$106 per share and accrued dividends, to yield 3.87%,
and 484,444 shares of common stock (par $5), priced at
$19.75 per share.
Of the common stock offered, 350,000
are new shares being issued by the company and 134,444
are outstanding shares being sold by certain stockholders
Public
to
A nationwide
—
constructed
Tennessee,
group
which was incorporated April 1, 1940,
and is operating, pursuant to certificates
COMPANY—Company,
\
(subject
of
receipt
......
The company's pipe line system, which was first put into operation
jn October, 1944, consists generally of a transmission line which is
approximately 1.265 miles Jong, 11 compressor stations, seven of
which are owned by the company and four of which are now owned
j>y the Reconstruction Finance Corporation and which the company
has contracted to purchase subject to the approval of the Federal
Power Commission, a dehydration plant and various appurtenances and
v
1945,
and used
but
resources
expansion.
During 1945,
will
facilitate
the
issue
at
its
it
Consequently,
stock
common
of
ment
and
$10,000,000
interest
accrued
of
is in
the
from
of
stock,
the
on
bonds
bonds,
at
1946)
3%
added
the
to
the
principal
and
common
the
From
Shares
Company
bonds
in
issued under the
be
series may
more
or
one
securing the bonds subject to the restrictions therein con¬
tained.
The total principal amount of bonds which may be issued
muter the mortgage is limited to $75,000,000 so long as any bonds of
the 1966 scries are outstanding.
#The 2C hank loan agreement permits the issuance of an addi¬
tional $5,000,000 of notes on or before Dec. 31, 1946.
Company is
a&o entering into a construction loan agreement which permits the
issuance by the company of up to $15,060,000 of promissory notes.
tThe
4.10 &
cumulative preferred
stock was authorized by the
QQgpmon
stockholders on April 8, 1946, in the amount of 150,000
Shares.
j'r • v
'•»
'
s& §There are 2,250,000 shares of common stock authorized.
mortgage
,
&
The First
Boston
First
81.797,129
375,678
375 678
'
•
■
81.421,451
2,281,212
1.797,129
and
than
more
(See also V.
shares
an
78%
a
from
84 7;
vote
vote
of
163, p. 1482).—V. 163, p.
th!
1910
the
first
two
Higher Rate-
a
increase of 58%
an
months of
that this program is
by
no
means
Co.—Preferred
complete.—V. 363.
Stock
1910.
p.
Sold—Blyth & Co..
Inc. on Mar. 29 offered and sold 4,600 shares of S2.50 cu¬
mulative preferred stock (par $50) at
$64 per share flat.
The stock was issued to obtain additional
The
New
plant expansion.
York
additional
(par
in
$50
an
Stock
shares
of
Exchange
such
or
aggregate offering
shares
of
has authorized
convertible
share)
per
preferred
lesser
price of
not
stock
common
of
shares
$1),
will
result
and
20,000
as
than $300,000,
more
(par
the listing of 5,000
$2.50 cumulative
stock,
number
official
upon
notice
of
issuance
upon
conversion of the
above
convertible preferred
stock,
the total amounts applied for 54,384 shares of convertible
preferred stock and 844,250 shares of common stock.—V. 163, p. 1773.
11,391
16,617
6,383
200,000
500
1,806
4,000
15,028
5,772
1,000
3,612
1,388
500,000
1,500
5,419
2,081
800
2,890
making
694
1,450,000
1,110
Third Avenue Transit
Corp.—Earnings—
(Railway and
Period End. Feb. 28—
Pan-
1,084
416
1,450,000
4,000
15,028
500
1,806
300.000
Glore, Forgan & Co.—-,—
Goldman, Sachs & Co.——
Graham, Parsons dc Co
800
2,890
1,110
4,000
15,028
300
1,084
416
1,350,000
3,900
*
"*
300,000
•
2,890
oper.
revenues
$1,583,267
$3,510,665
$3,244,371
1,350,781
3,012,471
2.819,134
$236,057
$232,486
$498,195
3425,237
Total taxes
208,234
184,46G
407,140
382,699
Total oper. income
Total non-oper. income
$27,823
$48,020
$.91,055
342,538
4,062
4,116
1,000
416
'
income-
gross
$31,885
Hawley, Shepard & Co.
Hemphill, Noyes & Co_
500,000
1,500
5.419
Loss
171,061
500,000
1,500
$139,548
200,000
500
operation.
—V. 163, p. 1616.
2,081
Kebbon, McCormick & Co._
Kidder, Petbody & Co.—
Kuhn, Loeb & Co
5,419
1,806
from
$118,925
2,061
Weeks—
400
8,340
$99,110
$52,136
"171.434
Total deductions
1,388
Hornblower
100.000
8,055
350,878
,
5,413
3,612
.
Total
1,110
1,084
3,900
400,000
„
Net
1946—2 Mos.—1945
$1,694,403
1,458,347
5,413
'
14,087
300
"
5,413
/ 14,087
800
"
50,000
1,350,000
—
7
14,087 '
3,900
1,350,000
Hallowell, Sulzberger & Co.
Harriman Ripley & Co
Harris, Hall & Co
expenses—
5,772
50,000
Co
revenues—
oper.
694
1,450,000
Corp
oper.
Total
5,772
200,000
Inc
300
Operations)
Bus
1946—Month—1945
Total
Co
Southwest
$2,938,5?9
-
stockholders
common
additional
29,653
Equitable Securities Corp.—
Estabrook
1, 661.152
computed without regard to the net
Thermoid
holders
300,000
Co.
$6,073,436
3,134,907
$2,562,851
the
tioned
Stock¬
50,000
Read &
658.281
30,522
$30.9,458
153,172
working capital
8,700
coast
Dillon,
S3
4,481
$415,831
74,113
proximately $2,500,000 in the last two years in the modernization
and streamlining of the combined
production facilities.
He also men¬
underwriters and
shares of preferred stock
4,700
(Inc.)
&
606,155
52.126
in both production and sales
1946. compared with the same period in
it was disclosed by Franklin B. Pollock, President, at the an¬
nual meeting.
He added that this improved trend is continuing
According to Mr. Pollock, the increases in both production and sales
during 1946 referred to above were obtained despite strikes at
sup¬
pliers' factories, freight car shortages, scarcity of materials and in¬
creased costs for labor, coal,, fuel
oil, raw materials and cartons
The increase in profits was substantially greater than the
sales
increase referred to.
Among the reasons for this improvement Mr
Pollock
stated, were benefits derived from the expenditure of
principal
400,000
Robertson
S3
1945,
company.
of
1,750,000
Clark, Dodge & Co
Dev;ar,
$6,042,914
670
company showed
for
will be
$2,640,310,
approximately
Bonds
Co
Co.
000,000
$304,977
848,012
ap^
$3,000,000
&
l
$415,161
preference stockholders.
Securities
White, Weld & Co.—r__
Bacon, Whipple & Co
Blyth & Co., Inc
Bosworth, Chanute, LoughRepublic
708.333
management's proposal to increase the common
318,000 to 750,000 was ratified on April 4 by more than
From
Central
83,333
$341,718
$156,286
to preferred stock for period
applic.
from
Selling
Corp.
62,500
569.167
well as to increase
as
Pfd.
Webster
927,254
income
and funds for
&
71,348
Thatcher Manufacturing Co.—Stock Increased—
amount of bonds, number of
stock to be underwritten by each, are as follows:
Name and Address—
78,523
deducts—
—Common Shares—
Stone
•028,288
The
at $61,808,090 exclusive
and- accrued dividends on the pre¬
general funds of the
names
Ocean
3,596,599
*2,612,348
—
estimated
amounting to
UNDERWRITERS—The
tel
^
•Extraordinary non-recurring tax benefits from participation with
parent in consolidated Federal income and excess profits tax return^
and from refinancing by the company.—V. 163, p. 1616.
(2) $8,100,000 to redemption of
75,000 shares of 5%
cumulative
preferred stock at $108 per share;
(3) $15,000,000
to
the repayment of
the outstanding 2%
bonk
loan; and
remainder,
j,
AtlnnH»
243,903
extraordinary non-recurring
tax beenfits and of a special charge-:
$34,043,000
series due 1965 at 104&;
(4) The
wal ?u new
shares
re«nrt
219,571
Balance
due
and
Florida
effect thereon of
redemption of $482,000 first mortgage pipe
1965 (sinking fund redemption of May 1,
first mortgage pipe line bonds, 3%
the
to
series
102 'A
of
si
*
1946—1Mos
—1S45
$1,196,175 $14,944 170* S14
051.622
492,614 ' 6,281,418
<3
482,860
(net)
Sic.
Net income
after
$36,067,780
(1)
line
basis
old
1946—Month—1945
Production and Sales at
are
well-known
it
bonds, preferred stock and 359,000 shares
the issuance under the bank loan agree¬
notes
the
$1,258,615
income
int.
Divs.
addi¬
the
the
the
owned
Co.
revenues-
income
Net
deducting estimated expenses of $225,660 of the
company in connection with the financing.
Such net proceeds will be
applied as follows:
ferred
$35,000,000
10,000,000
100,000 shs.
2,100,000 shs.
—*—
Net
equity capital at this time;
The net proceeds from the
of
ridge
trJo. bank loan, due 1948-1956
14.10% cum. pfd. stock (par $100)
§ Common stock (par S5)__
of
cper.
Gross
finance the company's
best interest of the company
to refund its senior securities and its bank loan
FINANCING
series due 1966
date
future
a
r>
•first mortgage pipe line bonds, 23/*f/r
Other
tional senior securities which will be required to
miscellaneous property.
CAPITALIZATION, GIVING EFFECT TO PRESENT
Net
cbnnection with the sale of the
in
on
development at Ponte Vedra, Fla., located on the
Augustine.—V. 162, p. 175
company
May,
Beach
Operating revenues
Operating expenses
Federal
income, excess
profit, & Fed taxesSpecial deduction
Prop, and other taxes—
Property retirement re¬
serve
appropriations.
from the com¬
presently
outstanding bonds and preferred stock.
With the increase in the
amount
of the company's equity
capital and with the outlook for
future expansion of the company's operations, it is now possible for
the company to replace the senior securities issued, and the 2% bank
loan made, in May, 1945, with new securities and loans, having less
onerous
restrictions on the payment of common stock dividends and
thus to make possible the sale of the additional common stock on
favorable
terms.
Such
sale will not only provide additional cash
in
each.
$4
Transfer books for
Texas Electric Service Co.—Earnings—
has since May, 1945, improved its capital structure.
In December, 1945, $6,900,000 of class A stock with an annual divi¬
dend requirement of $483,000 was eliminated through the issuance of
additional common stock.
The! adjusted earned surplus of the com¬
pany has increased from approximately $1,400,000 at April 30, 1945,
to $3,535,436 at Dec. 31,
1945 (in connection with the proposed re¬
financing the company intends to charge earned surplus with the
amount of approximately $1,900,000 to cover call premiums, issuance
expense,
duplicate interest and duplicate dividends).
In January,
1946, the company received $2,641,800 from the sale of 238,000 shares
of common stock.
Company now has a statement of actual earnings
for 14 months rather than the estimate of earnings which was made
The
of
value
share.
Period End. Feb. 28—
to
gas
to
par
old
Vedra
Ponte
and
the
permanently.
between Jacksonville, and St.
enabled the company to increase substantially the
be sold under ist contracts for the sale of gas
of a satisfactory certificate from the Feaeral
Power Commission).
To provide facilities for such increased demand
will require substantial plant expenditures and a substantial amount
of new capital which it is expected will be obtained through the sale
of additional common stock as well as senior securities.
of
amount
in
the company's pipe line system delivered in excess of
an average of 200,000,000 cubic feet of natural gas per day.
Early in
1946 the compressor stations presently owned by the RFC and certain
additional units in the company's own compressor stations were put
into
operation and since March 1, 1946, the system has delivered in
excess of an average of 270,000,000 cubic feet per day.
1. The company sells a major portion oi Its gas to two principal cus¬
tomers—United Fuel Gas Co., a subsidiary of Columbia Gas & Electric
Corp., and Hope Natural Gas Co., a subsidiary of Consolidated Natural
Gas Co.
Such sales are made under contracts, which in each case
expire on Jan. 1, 1965, and provide for the sale of 100,000,000 cubic
feet daily (in part firm, and in part at the option of the purchaser),
ora total of 200,000,090 cubic feet daily.
Currently and for a limited
period, Hope Natural Gas Co. has released its rights to 10,000,000
cubic feet daily to Louisville Gas and Electric Co.
Subject to the
approval of the Federal Power Commission, United Fuel Gas Co. and
Rope Natural Gas Co. have entered into amendments to the existing
oontracts increasing the amount of gas taken (in part firm, and in
part at the option of the purchaser) to 115,000,000 cubic feet daily
to I>ec. 21, 1949, and thereafter to 125,000,000 cubic feet daily in
the case of Hope Natural Gas Co. and 125,000,000 cubic feet daily in
the case of United Fuel Gas Co.
In addition, United Fuel Gas Co.
has entereo into a further amendment to its existing contract with
the company which will become operative only upon the authorization
of facilities* and contracts by the Federal Power Commission which
will increase the amount to be delivered to United Fuel Gas Co. to
200,000,000 cubic fee* of natural gas per day (in part firm, and in
part at the option of the purchaser).
The company currently purchases all of its gas requirements.
Its
two principal gas purchase contracts, which expire Sept. 1, 1970, are
with The Chicago Corp. and Gulf States Oil Co.
Company also has 11
other gas purchase contracts.
At the present time the company
purchases the major portion of its gas from Chicago Corp. which
owns
or
controls
gas
reserves
in the Stratton-Agua Dulce
and
Qarthage fields and elsewhere in Texas.
Gulf States Oil Co. owns
car controls gas reserves in the San Salvador field in Texas.
*
has
line
pany's
necessity granted by the Federal Power Com¬
mission, a natural gas transmission pipe line system, extending from
the Stratton-Agua Dulce field
(near Corpus Christi> in Texas into
West Virginia.
1945, the increase in the demand for gas
Since May,
public convenience and
•"Additional
Will bee closed
to about $877,000.
1945,
31,
of
each
for
shares
and
sion in the terms of senior
The New York Stock Exchange has
additional
the company
in
shares
new
made; the relatively small amount of equity capital
its short earnings history necessitated the inclu¬
securities and 2% bank loan of restrictions
on
the payment of dividends on the common stock which, among
other things, required the company as a condition to
the payment
of such dividends to have on hand cash and receivables equal to a
full year's requirements for interest and amortization on funded debt
and dividends on preferred stock (together amounting to about $4,680,000 for the year 1946) plus other cuirent liabilities (amounting at
-2 % bank lean was
Cpnraon
.
Monday, April IS, 1946
CHRONICLE
555
1,445
'
342,824
342,153
$243,714
3291,276
'
'
V-
-
,
FOR
EARNINGS
ENDED DEC.
MONTHS
12
31,
1945
Actual
$14,310,639 $14,310,639
3,317,431
3,317,431
Operating revenues—gas sales
Gas purchased for resale—
Operation .sut;—•——
Maintenance
i
;
Wet
v
charge
Special
etc.,
expenses,
taxes
Wet
prem.
"
received
"
L200
14,096
461,000
,
$3,032,395
requirement
on
the
shares
100,000
of
4.10%
cumulative preferred stock will be S410,000.
NOTE—The
the
bonds
new
and
bank
loan
during the
12
months
commencing
with
the date of issuance thereof;
(2) There have been excluded non-recurring
taxes
income
on
expenses
1845.
relating
special
the
reductions
of
Federal
resulting from the deduction of the premium and
to the first mortgage 4%
notes redeemed during
reduction
amortization
Jan.
has
1.
of
of
Federal
taxes
emergency
elected
1946; and
on
income'resulting from the
facilities has been excluded since
discontinue
to
such
special
amortization
,
| <*> Federal taxes
thejiew
on income have been computed on the basis of
rates (normal and surtax—38% ) effective Jan. 1, 1946.
This pro forma column does not give effect to such things as:
J: (i) Increase in delivery capacity of the svstem from 200,000,000
cubic feet per day (as operated throughout the year 1945) to the
present
delivery capacity of the system of 260,000,000 feet per day
t
«(ahoitional
194C);
facilities
were
placed
in
operation
on
or
about
Jan
31
,.
hue to the additional facilities
maintenance costs
now
in operation or
during 1945; and
$>£& for as indicated in the section captioned "Gas
FURPOSE
bonds
OF
and
•,
Sales
Contracts
•.
ISSUE—When in
preferred
stock
of
May,
the
1945,
the
company
8,669
5,419
3,331
and
2,081
4,000
None
None
800
2,890
1,110
300
1,084
416
1,450,000
4,000
15,028
5,772
directors on April 4 decided to defer action on the dividend
ordinarily declared about this time on the common stock, due to the
1,500
5,419
2,081
by strikes
100,000
Corp.;
1,500
400
1,445
555
unprofitable
Beane
& Co
Co
200,000
500
1,806
694
200,000
500
1,806
1,450,000
4,000
15,023
5,772
100.000
400
1,445
555
400,000
1,000
3,612
&
300
1.084
400
1,445
400
1,445
555
50,000
Co
300
1,084
416
2,300
300,000
8,669
*
1,110
1,084
300
3,331
2,890
800
50,000
presently outstand¬
were
issued
ar.d
the
fr
v.
'"100.000
400
200.000
500
1.806
300.000
300
2,890
1,110
1,445
555
p.
&
Co
Rotan, Mosle and Moreland
Schoellkopf, Hutton & PomScott
&
f
1,445
555
Chas. W. Scranton
&
disputes
the
will
Co.
mv£stments
cnarge
1,806
694
1,084
416
01
vin! °
300
50.000
300
400.000
1,000
3,612
1,388
3,900
14,087
Spencer Trask
5,413
&
Co
300,000
800
2,890
300,000
800
2.890
1,110
Anthony & Co
Milton R. Underwood & Co.
Union Securities Corp.
1,084
50,000
300
1,084
4,000
15,028
5,772
50,000
300
1,084
500
1.806
694
50,000
300
1.084
nf
B.
White
&
Co.
Whiting, Weeks & StUbbS—
200,000
500
1,806
XSKS2
JSfn
800
2,890
800
2,890
1,110
163, p. 1910.
31
the net effect of two adjustments, incifacilities cohstructed by the
Such adjustments consisted of <1> a
emergency
of
^ is announced that the
Beach Co. became effective
merger into
on
Acquisition Effectivethis company of Pohte Vedrar
April 4.
.
-
facilities
for •certificates
representing
accounts
capa-
excess
(2) a
for war-time production, and
m
1944.
The
withdrawal
of 33,502,000
barrels of
*
ducinc
inff
tJLt
lMwi
inc0me during 1945.
a
?f. $19,053,000 was expended in developing pro^ ac5l?irinB additional prospective acreage, and drilltotar
218,000
lg considerable,
acquired
erics
eries
H.f.L5 1945,
during.
acres
of
in
the
southeastern, states,
barrels of crude oil
compared
with
(Continued
were
Large tracts of
prospective oil lands
acreage in. Wyoming.
were processed in
54,295,000 barrels in 1944.
nf
agent,
and
en«atef durin& the
*
f«7^^i0ck?°J?ers of TeUalr have
notified that their certificates
Pn
vUe £ach,ma-v be exchanged at the United States
Co. of iL«arv
New York, transfer
T?U?
wa*'-time
war emergency facilities.
Dnrin^Q^^V',737'000 t0
—
"'management and labor"
of great prosperity for
era
P!r Z?,nes'Jand revisions, resulting in estimated total reloat cSe 011 and condensates of 393,711,000 barrels as at Dec.
Mnfriih c°"?Pany also owns large reserves of gas. the sale of
which
Telfair Stockton & Co., Inc.
Stock Split-Up—
-
an
year 1945 in response to war-time
^Sifla ?
set by the addition of 17,843,000 barrels resultdrilling tests on prospective acreage, extension of proven
1,110
300,000 '
—_
barrels
dpmflnriflf
694
300.000
Wisconsin Co.__
Dean Witter & Co
war
lcertified"
C
i
416
The
of
? °1 crude oiI of 32.361.000 barrels, the greatest volume
company in a single year, reflects an increase of
ihe 3l-166»00(> barrels produced in 1944. The
total of 1,141.000 barrels bf condensates
1?
I liquefied petroleum products) during 1945 compared
ooo
Chas.
stockholders
.
wJf
416
200,000
Walker & Co..
to the
^approximately $7,500,000 in the year's provision for estiincome-tax by reason of an allowable deduction in that
taxal>le income representing accelerated amortization
416
1,450,000
Co.
H
in
facilities installed solely
515
416
&
report
$7,555,000 against Income to relieve its investment
1,110
G.
beginning
J j? own ?unc*s-
moK
1,350,000
Dann
the.
H.i^V'nc-0me /or 1945 reflects
50,000
Co
Common,
mark
fh<■
400
&
in his
country.
500
Barney
Vietor,
President,
costs
Shield & Co
Tucker.
Humphrey,
discloses that during 1945 the
company's volume of business and pro¬
duction of crude oil reached an
all time record in its history and he
expresses confidence that the
solution of
100,000
Stringfellow
paid on the
Tide Water Associated Oil Co.—Annual
Report—
200.000
Inc
were
preference
record April 16.—
to holders of
2598.
William F.
694
Riter
J^ec^ared» payable May 1
161,
416
Reynolds & Co
•
10 cents each
stock on May 1 and Nov. 1.
The usual,
quarterly dividend of 20 cents per share on the
416
&
Inc,
Rauscher, Pierce & Co. Inc.
of
common
555
100,000
Curtis
of the company in the first quarter caused
many of its suppliers, some of which are still going on.
1,388
50,000
100,000
Co.—
Jackson
operations
in
in 1945 and 1944, two dividends
_
694
800,000
Noithwest
Webber,
n
Tung-Sol Lamp Works, Inc.—Defers Div. Action—
The
Pierce, Fen-
and
(3) Possible effect of the principal gas sales contracts which
permit
the purchasers thereunder to reduce the amount of
gas taken and
•• •*>
Jbo.000
2,300
general taxes
to possible changes
re,lRting ,t0 the facilities in operation
and Market for Gas.".•
5,772
50,000
Pitman & Co.,
—V.
aud
ing
Pacific
Paine,
5,772
15,028
500,000
Mltchum, Tully & Co
Morgan Stanley & Co
Moroney, Beissner & Co
F. S. Moseley & Co.
Mullaney, Ross & Co
Maynard H. Murch & Co._
The Ohio Company
Smith,
company
effective
&
eroy,
,
(3) The
7;
Lynch,
Phelps, Fei
column
captioned pro forma has been prepared to
illustrate the effects upon the actual earnings for such period of the
following adjustments:
<%) Annual interest and amortization of related premium and ex¬
penses have been stated at the amounts which will be required therefor
on
Merrill
The Milwaukee
$3,965,022
dividend
Securities
962,500
200,000
194,167
778.977
net of
•—
annual
Mellon
ner
Torfc Stock
Exchange has authorized the listing of $7,27/a% debentures, due March
1, 1961, all of which are issued
outstanding.—V. 163, p. 1616.
15,028
4,000
300.000
Co-
&
Mason-Hagan, Inc.——
'
694
4,000
^
500,000
Marks
Merrill, Turben
resulting from premium and
equivalent
to
reduction
in
„_
M.
Tri-Coiitinental Corp.—Listing of 2%% Debentures—
1,450,000
Brothers
676,833
income
The
Laurence
$4,196,095
indebtedness
Amort, of debt expenses,
-
272,069
2,030,000
551,388
2,019,000
Interest on—First mortgage pipe line bonds
Serial bank loan
.Refunded
Lee
Lehman
-
800,000
Langley & Co.—
Higginson Corp.—
$6,090,095
income
1,450.000
1,450,000
C.
551,388
125,000
income
operating
W.
1,924,656
1,924,656
272,069
2,030,000
Depreciation
Taxes—State," local and miscellaneous Federal—
Federal
Pro Forma
&
on
page
2054)
refin¬
Flcxl"
Volume
163
THE COMMERCIAL. & FINANCIAL CHRONICLE
Number. 4481
Stock and Bond Sales
DAILY
«»
•
New York Stock
WEEKLY
Exchange
YEARLY
■
ROTIOI—Cmih and deferred delivery aalaa axe dtangardad In the days range, anlaaa they art the only transactions oI the day. No account la taken of mob aalea in
eompntlng the
United States Government Securities
Below
we
furnish
a
the New York Stock
on
daily record of the transactions in Treasury bonds
Figures after decimal point represent
range
for tba year,
Exchange
the New York Stock Exchange during the current week,
on
one
or
more
32d of a point.
High
Low
Close
High
Low
Close
High
Low
Close
f High
2 Vi s,
] Low
1949-53
(Close
Total sales In $1,000 units—
rnign
.-{ Low
[Close
THigh
\ Low
2% s, 1950-52
[Close
[High
1
Total sales In $1,000 units
Low
[High
2 %s,
1952-54
CloBe
jjUjW
Total sales In $1,000 units
[High
-j Low
2%s, 1956-58
[Close
Total sales In $1,000 unhi*.******
fHlgh
*%*, 1963*67,
,„
4Low
[Close
High
Low
[High
Close
Total sales In $1,000 units
\ Low
2%s, 1963-1968
High
[Close
Total sales In $1,000 units
Low
,
Close
[High
1 Low
[Close
2%s, June, 1964-1969Total sales In $1,000 units
High
Low
Close
—
[High
107.19
Low
107.19
Close
107.19
High
Low
Close
[High
I
Low
[Close
NEW YORK STOCK RECORD
8TOCKS
Saturday
April 6
Monday
S per share
$ per share
119
119
April 8
120 %
120%
Thursday
April 11
tper share
Friday
Sales for
April 13
the Week
9 per share
NEW YORK
122
111%
111%
70
144
60
16 M4
1,200
16 Ms
38%
5,000
2,000
7,400
39Ma
23
x55%
*38%
16M4
Lowest
Par
Abbott Laboratories
55 Ma
100
39
900
16Mb
No par
New
500
23
Range Since January 1
Shares
121 Ms
*142
Range for Previous
STOCK
EXCHANGE
No par
A% preferred
Abraham & Straus
ACF-Brill
Motors
100
No par
2.60
Co
Acme Steel Co
——No
Address-Mutigr Corp
Admiral Corp.
Par
—10
1
100
8%
8%
7,000
Alabama & Vicksburg Ry_——100
Alaska Juneau Gold Mln
10
42%
43 Ma
3,700
Aldens
7%
92,000
64
76 Ma
77 Ma
44%
44%
*109
17,700
2,700
2,400
30
112
*23%
24 Ma
197 Ma
199 Ma
;25%
26
•
1,000
3,900
-2,500
Reduction Inc
No par
5
-
Allegheny Corp
1
5%% pf A with $30 war
100
$2.50 prior oonv preferred-No par
Alghny Lud Stl Corp
No par
AUeg A West Ry 0% gtd
100
Allied
Chemical &
1
Dye
No
Allied Kid CO.W"
-j-it -jm
1
■'■wn
par
-5
!.■"
ml'.
Feb
9 per share
60% Jan
88
lllMe Apr
115
114
60
Jan
9% Jan
1
39 Mi Apr
5
25%
24% Feb 18
13%
57
Jan 29
32%
41% Jan 28
22 Ma
20% Feb
1
17
59% Apr
838%
135
Mar 30 1
98 Ma
34% Nov
21%
26
44% Apr
9
15 Mi
Jan
Dec
Dec
Deo
Jan
31 Ms Feb
;
56
122
Jan
Jan
6 Ma
Deo
21% Deo
47% Dec
Apr
Deo
6
Deo
35
Jan
12Ma Feb
5Ma Jan
68% Jan
7
38 /, Jan
3
1051* Jan 25
21
56
Jan
2
7
1
r27:r
6
Apr
12
Jan
•''
■
i 22M« Jan
91 ■ Jan
30
210
Jan 17
29% Jan 28
t
13%
Dec
Jun
.»
74
Deo
42Ma Dec
;
Jan
108
25%
153 Ma Mar
15%Jan
11
....
Dec
6%
60%
2% Jan
Jan 28
25
5
9% Nov
Jan
109
Mar
v$ wju1
84%
48% Feb
185 Ma Jan
22% Jan
wwam.'i'fi'
,
8Ma Jan 28 *;:;
69Ma Jan 28
82
3;
3
mmm
Jun
Deo
17%
Apr
Mar
3
52% Jan
Not
*
___
Jan 24
Apr
4
.
Highest
;
9 per share
Apr 10
Apr 12
8% Jan
-
Allen Industries Inc
19
,
44% Jan
4
32
Jan
3
15"% Mar 15
50
Feb 25
122
Jan
9
133 Ma
6%
Feb 25
19% Feb 26
133%
60%
62
116
144
30Mi Feb 26
4,400
3,900
Inc
61 Ma Apr 12
lllMi Feb 19
112
Jan
2
1
Express
Adams-MUlis Corp
Air
122
15
Lowest
9 per share
4
10
Adams
58 Ma
58
t per share
82 Me Jan
Year 1945
Highest
:
■
Deo
Deo
194
Deo
24M* Peo
■
■;
0
* :Y
2019
Monday, April is, 1945
THE
NEW YORK STOCK RECORD
Range for Previous
STOCKS
April»
$ per
share
$ per
share
34i%
'105
106 %
*105%
55
55%
*36
37%
*36%
9>/4
*8%
*
"8%
55 %
37J/2
9
34%
35
34%
34%
34%
34%
2,400
59%
57%
58%
57%
58
8.200
*105%
IO61/4
*104%
106%
*104%
106
56%
57%
56%
57%
56%
57%
15,900
36%
36%
10%
62%
37%
37 »/2
101%
38
38 %
1,100
10%
11,100
163%
164%
80%
80%
25
55 J/2
25
55%
1301/2
130 V2
130%
13%
44%
43%
80%
80%
82
81
25
25
25%
25
56%
56%
57%-
56%
14%
14%
14
I4V4
97%
98%
97%
98
132
37%
38
28%
14%
5,000
*129%
132%
38%
38%
-145
145
145
144
153
-
151%
151%
150%
30%
30%
30%
30%
30%
-
75%
*75
29
106%
*104%
106
104%
*103
104%
j 360
<31%
2,800
31
*104%
106
*103%
105
;
*28%
! 400
99
*103%
104%
1041%
9%
9%
9%
9%
20%
55%
19%
20
20
20%
20%
56
57
56%
56%
12
11%
12
-55%
11%
-
11%
121%
121%
41%
39%
401/4
*108%
109%
121%
■
41%
*109
10%
*55%
10%
55 Vs.
110%
110%
-
113
*109
*14%
13
13
50
18%
37
*55 »/2
60
111%
111%
112
18%
17%
-
*109
-
14%
1,400
13%
3,100
50
50%
501/2
51
501/4
51
37%
38'%
37%
38%
37%
38
13%
51%
37%
-
*116%
117
118
*117
-
41%
18 %
41%
18%
42%
19%
40%
19%
41%
19%
40%
19%
37 %
37%
38%
37%
38%
371/4
17
17%
16%
17%
125
125
125
116
114%
124
124%.
112%
21%
21
114%-
113
186
*184
32%
104
.
37%
16%
16%
16%
124%
125%
124%
125
3,100
114
114%
3,900
32%
33%
104%
104%
*53%
-
53
55
*30%
31 Ve
31%
31V4
30%
30%
301/4
301/4
30 %
30%
51%
51J/2
51
51
50%
50%-
50
50
49%-
50
70
701/a
183%
183%
45 V*
69%
70%
186%
186%
45%
45
45 %
-
44%
44%
34
33
33'A
33%
4
33 J/4
*57
57
-
56
45%
44%
45
34%
34
33%
55
-
157%
59%
33%
55%
•
60
Amer Smelting & Refg.
970
45
2,200
,
5,800
3,100
34
33%
600
:
1,700
54%
54%
300
158
1,100
621/4
62%
Preferred
6%
t per share
$ per share
April 8
.
April 10
April#
#per share
.
.
192%
191%
■
$ per
191%
share
192%
93%
93%
93%
93%
94
93%
93
93%
931/2
94%
94%
95i%
173
173
172%
173
1731/4
172%
27%
26%
27%
27%
27%
27%
28
27%
27%
75J/2
27i/a
74%-
75
-75
75%
74%
75
74%
'
74%
118%
*118%
119
27
•
27%
-
105
26%
-
47'/2
12%
13 VB
*83
88
'83
14.5%
12%
85
26%
27%
1061/4
46%
144
1-2%
*84
47%
87
48%
47%
47%
47%
47%
47%
46%
*82%
•
51
51%
52
52VZ
52
53
50
54
50
52
52
53
46%
50
14.900
55
•
'
19
9
28%
59
59%
114%
19%
*19%
9'/a
8%
29%
19%
30%
28%
19%
8'/a
20
8%
58'%
20
8%
8%
-•
*143
*105
1st preferred,
American
40.500
200
$6 conv prior
143
*142
143
*142
142%
110
7%
60%
U2Ys
2.800
143
143
60%
61%
*110% 112%
112 %
*110
112%
145
60%
60%
60%
60%
*143
143
*110%
61%
60
112%
60%
60%
*110%
*105
112 Vis
Armstrong Cork
$3.75
—
27%
Dec
Dec
18% Jan
105%
109% Jun
Apr
12
12
Jan
11% Feb
15
3%
Jan
18
Jan
22
Apr
12
10%
Jan
19% Nov
37
Jan
57% Apr
1
27
Jan
431/4 Jun
6% Jan
14 J/4 Jan
29
Jan
124% Feb
9
43% Jan
30
Feb
6
91
9
38%
28
8
113
32% Mar 15
105
113
3
Apr
47% Feb
21
55% Jan
9% Jan
7
12% Jan
30%
2%
XI17 %
Nov
Jan
40
Nov
Mar
109%
Jan
56 y4
5
Jan
10%
Dec
Mar
58
Dec
Jan
109
Dec
54% Mar 14
47
26
xll3
Apr
12
68%
6%
18% Mar 30
22
8% Nov
Jan
Jan
28
11% Jan
Dec
20%
Jan
Feb
Dec
9%
96
63
97
57
Jan
Dec
Dec
14%
Jan
Dec
Apr
2
70
Jan
103
Nov
15% Feb
99% Jan
4
9
Jan
15
Dec
108
21
12% Feb
26
2
77a
Jan
14% Oct
Jan
11
48%
Apr
54
44'/2 Jan
15
26
Jan
118% Jan
3
108
Jan
123
Nov
21
Mar
13% Jan
11% Mar 12
51
49% Feb 26
34% Mar 13
115% Jan 15
Oct
41%
Dec
34% Feb
25
45% Mar 21
41
Nov
17
Feb
25
20% Feb
8
11% Mar
19%
Dec
3.3%
Mar
4
41% Feb
6
24%
Jan
39% Nov
10
130%
Jan
142% May
Jan
24
151-
Apr
44% Apr
3
60
Apr
10
10% Jan
3
20% Jan
24
2%
Jan
97% Jan
2
126% Apr
4
8
80%
Jan
54%
Jan
11%
Jan
140
3
Mar
23
Feb
16
7
17% Ja n
180
115-/4 Apr
2
88% Jan
186
Feb
14
176
13%
Nov
104%
Dec
95%
Dec
-
19%
Dec
184
Jan
Mar
30% Dec
271/4 Jan
3
6
15%
951/4 Feb
26
Jan
99
Oct
5
55% Apr
3
5
75--
35% Jan
18%
Jan
38
Dec
Feb
26
33% Feb
6
17%
Jan
31% Nov
52
Apr
5
32
Aug
44% Nov
73% Jan
29
40% Jan
10
164 y4 Jan
4
601/2 Mar
Feb
177
4
170
8
27%
4
Jan
Feb
164
Aug
43%
Jan
Dec
Dec
Jan
31
Dec
41
6
29
22%
16
Aug
60
Dec
151
Dec
Apr
10
128%
Jan
62% Apr
12
29%
Jan
158.
8
Dec
50% Nov
17% Jan
58% Feb
8
47% Jan
68% Dec
181
Apr
Feb
153
10
36
2
491/4 Mar 13
147
6
31
Apr
34%
2
28'/4 Jan
Jan
Jan
41 y2
50% Feb
39% Mar 13
27% Jan
Apr
50% Feb
9
Jan
Apr
188
14
44'/4 Apr
160
36% Feb
105
53% Nov
Year 1945
L
Highest
Range Since January
-
Lowest
.
$
$ per share
per
4 per
share
195
Feb
95
-
Apr
Jan
65%
% Apr
Jan
-
Mar 21
120 y8 Jan
22
Mar 14
104
Feb 27
29 Vz Jan
3
27% Jan
110% Feb
Jan
116%
Dec
69%
Dec
8%
Jan
99%
121% Mar
Sep
Jan
-
-
9
25
26%
,
-
Jan
Jan
25
31%
100 y8 Mar
15% Jan
29
5% Mar
Dec
Nov
112
Jan
9
57
3
Oct
Dec
24%
13% Mar
150
3
9% Jan
128
15
91%
161%
•
43% Mar
16
Dec
90
145% Jan
9
118-
share
196% Nov
Jan
65
Jan 14
29
7*
$ per
share
157
6
12
95% Apr 12
173V* Apr 10
22% Mar 13
Highest
Lowest
Dec
Dec
140
11% Dec
73
Jan
9
85
Apr
9
60'/2
Jan
83
Jun
50
43 Ve Jan
4
51% Feb
6
29 y8
Jan
49
Nov
Mar *4
Feb 28
Feb 28
60% Jan
14
38%
Jan
57%
Dec
55% Apr
5
XII41/2 Mar 21
24V2
Jan
45
Dec
July
113
45%
40
112
43 %
Jan
49V4 Nov
23 '/a
Nov
8
12 V2
Aug
10% Feb
5
4ys
Jan
9% Nov
33% Apr
12
23%
Sep
15% Feb
6
Jan
30% Oct
15
Dec
10
136
Feb
7
102% Mar
127% Nov
Jan
4
143
Feb
9
111
51% Feb
26
61% Apr
9
13
.5
12% Jan
3
122 % Jan
100
--—No
Dec
38% July
24% Feb
No par
No
109
3
4
8
18
Mar
7% Jan
No par
Co,,
60% Apr
7
.
26% Mar 22
,,420
____5
i
preferred
Dec
61% Feb 2=6
Mining
_
69
Apr
25
preferred
preferred
29% Nov
69
12
12
321/a Jari 28
;10
& Co M^ Illinois,,.
Armour
15 y8
Oct
13% Jan
78 Vs
73% Apr
1
Archer-Daniels-Midland
130%
14%
149
104% Apr
No par
Mining,
*128
15
112% Mar
Feb
48
No par
A P W Paper Co Inc.—
131%
Dec
156% Dec
103 J/2 Apr
No par
*
Andes
*129
Nov
42
.Jan
14
127
Jan
110
16
—21%
15%
27
1
109 Feb
.No .par
131%
Jan
5
10
Feb
Dec
31% Apr
Jan
24% Jan
Anderson, Clayton r& Co
14%
96
67%
105% Jan
No par
*129%
Oct
Dec
Jan
155% Jan
24% Jan
—12.50
15%
39
12
112%
199
Jan
Feb
150
137% Feb 25
64
183%
40% Jan
132
5
Mar 21
131
Anchor Hock Glass Corp
$4 preferred
1
131%
Dec
15
71% Apr
34% Mar. 20
Anaconda Wire & Cable!
15y8
Jan
17
80% Feb 26
15334 jan
2
45 prior conv preferred
131%
,14%
10
Mar
120
100
15%
135
10% Aug
89% Feb
210% Mar 29
571/4 Mar 13
—.100
Woolen,,
Copper
Oct
1
12% Mar 14
90% Mar 13
80% Feb 26
Preferred
Anaconda Copper
Mar
128
17% Feb
1851/4 Feb 2S
Amer Ziuc. Lead & Smelt
131%
145
*60%
$6
x41
25
.14
preferred—
Am Water WR's & Elec
-
16
Jan
136
,100
Viscose .Corp
14%
132
57% Feb
21
12
1961% Jan
23% Dec
55% Oct
106% Jan
Jan
50
„
Type Foundries Inc—4,
700
'6.900
15 % Aug
z25
<—10O
400
»
■
33%
32%
33
21
2.900
30
,,,25
preferred
*130%
15%
14%
*130
50
114
58%
*19%
59
58
8%
29%
114
114%
*114
59 %
*8%
28%
28%
28%
*114
19%
9
9
114%
X58 %
19%
19%
19
9
*114
59%
59%
59
59
114%
*114
114%
*114
420
4.100
Dec
Jun
-
.
5%
100
50
531/2
531/2 "53%
7,300
85
46%
50y2
52%-
-
600
j
12%
-
55
800
5,300
47
142
12%
47%
52,
1
41%
80
Range for Previous
-
Common class E—
6%
21,400
27
107 y8
45%
85
200
121
142
12%
*82%
American
172
26%
142
12%
2,700
-1061/8
46%
45%
13%
Amer
74%
*117%
106 %''
142
144%
27%
7
27%
26%
26%
106%
1,300
6,600
f 700
6,800
x73
119
55
47%
*50%
47Va
119
106 »/8
12%
85
85
-
47%
145%
12%
12%
27%105
47
48 %
144
144
26%
105
105
47%-
47%
147
*145
-
2-7
-
105
105
118%
118%
*118
118%
*118
'
95%
Dec
Jan
5
12
Jan 14
-
STOCK
Amer Telep & Teleg Co,
American
Tobacco,,,,,
13,000
94%
Jan
Par
95
172
173
172%
Dec
42% Jan
69%
No par
Shares
191%
Dec
43
20%
No par
No par
No par
—100
EXCHANGE
1
94 Va
,
STOCKS
NEW- YORK
94%
94
94
-
101%
161
Jan
20%-Mar 13
—100
-
-
.
.
the Week
t per share
191%
191%
Sal«s for
Friday
April 12
Thursday
April 11
$ per share
Vvednesaay
.
93
92%
173
173
75
Tuesday
-
.
191%
191
191%
921/a
92%
92%
93%
191%
1
.
Aug
28
44% Apr
129 % Apr
.25
100
Am Sumatra Tobacco,,
-
Monday
103
30
95% Mar 22
391/2 Mar
Preferred
LGW AND- HIGH SALE PRICES
Saturday
April 6
4
451/4 Jan
•
•
,100
American Sugar Refining
*
Dec
169% Apr
841/2 Apr
No par
Amer Steel foundries—
American Stores—,—,
American Stove Co__
Sep
11% Dec
71
2
No par
preferred
non-cum
35
26
No par
;
„
.,
56% Dec
Feb
27 "
American gnuff
20
.
45
158
61 J/2
v
170
*33%
1591/2
60
•
44%
55
55
'158
158
6,200
34
33%
*33 '/a
72%
187%
*165
.--<•<
34
-
320
44%
-
170
*165
167
34
59%
*58%
.
•44%
44%.
441/2
1
Jan
Jan
Jan
—10
-i-lOO
18.50
"
38%
23
33
100
Preferred
104% Dec
78
No par
Am Rad & gtand San'y
Dec
7
No par
No. par
,
1,400
..187%
1871/4
45%
-
157%.
*155%
60
-
-
33
166%
-
34
55%
-
157%
59
58
-
57
.
*155%
157%
-
-
46
33
33%
55%
58
*■
*154
170
187
71.
102%
Feb
71
No par
No par
No. par
-.-100
No par
No. par
.
30%
72
72%
71%
72
188
441/4
44%
-
71%
186 %
.
33
-
33
.
45
*168
44%
44%
33
-
186 V2.
44%
-
170
*168
172
*167
72
70%
183%
r
43% May
—50
,
50V4
63
1,200
17
No par
-100
Amer Mach & Fly Qo„
Amer MacJb & Metais,.,
Amer Metals Co Ltd,,,.
6% preferred
—
American News Co new.
Amer Power £ Light,,^
$6 preferred
$5 preferred
,,
30%
2,860
52
54
Amer Internat Corp—.
American Invest Co of 111
5% conv preferred-.,
American Locomotive-,,7% preferred
.
50%
104
52
Jan
—100
No. par
—1
preferred
American Rolling Mill".
4% % conv preferreai
American Safety Razor
American Seating Co.,
Amer Ship Building Co
32%
104
54
-
j 20
11,500
104
103%
55
44,500
21%
32%
32%
32%
27,000
186
*184
186
*184
7,600
57%
16%
21%
21%
21%
22%
186
~
114
113%
54
-
440
150
150
56%
33%
-
5,000
37%
57
55
54%
3,600
150
104-%-
32%
-
104 V2
-
*184
-
19%
56
21%
22%-
21%
.
186
32%.
1041/4
19
150
16%
125%
113%
124%
115%
-
6,500
60
-
16%
17Va
16%
125%
*115
57
57 %.
40%
151
150
151
56%
400
-
40%
37%
*150
1,170
16,100
119
*117
41
19%
150
185
36%
118%
*117
118
-
*50
3% Jan
No par
,
6%non-cum
___
14%
17
1
American Home Products
American Ice
13%
12
11% Jan
,
2,600
i
15
381/2 Apr
.
8,400
114
*103
114
*104
114
58% Jan
Amer Distilling Co stamped
20
American Encaustic Tiling
-1
Amer European Sees
—No par
American Export Llnes.Inc-L——1
Amer & Foreign Power
No par
$7 preferred
No par
S.7 2d preferred A—„
No,par
$6 preferred
No par
American Hawaiian SS Co
10
American Hide & Leather
1
6% conv preferred
—50
18
17%
4
5
1
54 % Apr
1
128% Feb 25
39 i Mar 1 >
8% Apr
100
113
X112
17%
f 300
60
*55%
15
52
32%
57%
13
37%
186
57%-
10%
10%
14%
47%
32%
10%
•
13%
37%
150
103% 105
10%
10%
51
-
51
15
47%
*183
-51%
131/2
18%
211/4
-51%
14%-
47
20%
1,000
1,100
5,500
13%
41
150
*148
109%
14%
50
117
40%
181/2
37
40
109
109
13%
36%
37%
371/4
11,400
-14%
*49%
116% 116%
421/4
13%
13%
50
41
14%
*14%
15
41%
51%
17%
18
114
*109
114
*109
40
109%
111%
111%
17%
18
17%
18%
"18
-
1,800
122
10%
10%-
3,800
17,900
55%
11%
121%
*107%
-
12
122
55
11%
2,700
22
21
56 »/2
55%
41%
,511%
55
110%
21%
11%
2,800
121
121
-
109
-
10%
110%
58 J/2
*110%
41
55
-
55%
10%
10 J/8
52
12
120%
109%-
52
52
52
52
52
109
56
11%
41-%
20%
21
54%
-
121%-
-120%
41%
110 %
121
12
21
0,800
9%
9'A
9%
9%
9%
9%
9%
*
9%
471/8 Mar
50
prior preferred
4% %
6
AO
100
sugar
preferred—
1st
10
-10
American Cxystai
60
73%
71
70%
69%
71
69%
71
70
69
67
69%
-5% conv preferred.
American Chicle
Amerj • an Colortvpe Co
4%% preferred
fit
i
'
69 J/2
American Car & Fdy
7% non-cum preferred
Am Chain At. Cable Inc
»
104%
*103% 105
-
200
78 Ye
78%
78%
28%
106
103%
540
38%
„
r-
106
*104%
103%
*104%
*104%
*103
200
2,400
31
28%
28%
28%
(
38%
144 V 144 *
150% 151%
<
151%
*77
78
*75
79
*28 %
-
10,100
*128% 132%
38%
591/2 Apr
107% Feb
100
No. par
100
No. par
100
No par
Preferred
320
-
71%
70
71%
70
71
207
207
207%
-
36% Dec
48% Dec
20% Jan
28
Mar 19
*
-28
Corp
$ per share
27% Aug
31 xk Jan
50
—-1
No par
100
American Can
Highest
$ per share
Jan 30
39
Feb 26
33
45% Feb
104
10
Bans Note
6% preferred
—
American Bosch Corp-Am Brake Shoe Co
5%% preferred
Amer Cable & Radio
20,100
98 %
151%
30%
,
141/8
96%
<
28%
75%
*28
«
14%
97%
132%
38%
39
129'/2-
129%
•
*
Year 1945
Lowest
$ per share
share
$ per
P^t
Allied Mills Co Inc
No por
AUieo «tores Oorp
No
4% preferred-100
AUu-tmanners \Mfg
-No par
Alpha Portland Cera
No par
Amalgam Leather Co Inc—
.—gl
6 % conv preferred—*—
Amerada Petroleum Corp—No par
Araer Agricultural Chemical_No par
American Airlines
—
-5
<chu
50
99
207
20.%
69%
.
14 Vs
14%
*130
'
87
131
*129%
145
30
-
76
*28
3,500
145
152%
30
*29%
•73
56%
ca
981%
70%
38%
-
151
-
150 %
150%
1.500
56'A
55%
131
207
132
132
145
*141%
143
*140%
241%
57%
83%
*24%
57%
'
98
69%
69
*128%
-
300
25
841/a
24%
25%
14
14%208
208
>. 67%
38
37%
84
84%
83%
'
*129%
130%
97%
208
208
•
68 J/2
3,300
44
25
208
431/4
43
80%
68
14.200
*42%
90%
43%
207
50%
42%
90%
42%
92
44 J/4
*128% 132
90
43%
90%
44
133
50%
91
90%
900
45
*44
44
43
•
2,200
166%
Xl66%
168%
168
1,600
66
*61
s
44%
43%
92%
<63
62
10%
___
44%
431/4
*42%
10%
166% 168 %
167
43%
91
>131
57
43
43
55%
9%
56
56
56
164 V*
166%
*164
106%
*53
57
*53
share
Sfl&T&S
share
58%
34%
58V4
'105% 106 %
55%
57%
37%
37%
9%
914
59
55
share
$ per
$ per share
34%
34%
58%
58%
$ per
EXCHANGE
the Week
57%
34%
59%
34%
April 10
Range Since January 1
Highest
Lowest
NEW<*OEK STOCK
Sole, for
Friday
April 12
Thursday
April 11
Wednesday
April 8
April 6
t per
Tuesday
Monday
Saturday
PRICES
AND HIGH SALE
LOW
132
par
107% Jan
par
112% Feb
2
.
6%
59% Nov
42 V* July
106%
Nov-
Nov
141
Mar
Nov
108
-
X
30%
62%
551/4
*105%
106
33%
33
33%
29%
30
29 »/8
29%
29
62%
63
63%
63%,
63
149
141%
'52
55'/4
*52
i
149
141
141%
♦141
♦105%
627 s
149
1491/2
*149
32%
29%
62
,
34
27%
27%
61%
33%
33%
♦27%
106
149%
141%
•149%
141%
141%
551/4
*52
*105%
149%
*52%
105%
106
J
.
6.000
28%
29%
12.100
621/4
62%
149%
149%
140
142
141
142
*52
551/4
106
--55%
*1051%
Arnold
4,100
.32
150
150
141%
32'/4
29%
63%
33
32%
142%
450
Corp—
——No
Vssociated Diy Goods,—
6%
-
7%
1st
2d
5%
100
106
preferred.—:—,
preferredi
>-
-
131% Jan
Jan
Feb
11
142 % Apr 12
142%
55% Apr
3
3
Apr
Feb
108
11%
8
9
63 '/a Apr 10
63% Apr
150
150
27
'Jan
Apr
Apr
30
-3
48
133 *
'
34
;
2
;105
100
No par
100
—
23% Mar 6
18
Jan
2
44? Feb 23
__5
par
*,1
loO
preferred,—
Assoc Investment Co,
55%
*54
106
106
•
Const?ble
Artloom. Corp
J
13
Jan
10
.18
Jan
104
117
72%
45%
1
73
45%
*88'
42%
29%
104
103
105
105 Vs
103%
116y2
117
117
119
117%
104
118%
74
73%
73%
45
44 %
90
90
43%
42 Vs
72%
45%
*88
93 %
73
73
46 Ve
93%
42%
43%
43%
45%
29%
120
120
109
109
30
119
45%
45
90
43%
98%
'
109
73%
*85
*108%
121
121
♦1081/s
'
102%
116 y»
105
117
*87
43
43%
104
*118%
105
44%
20
*85
90
43%
43
?9%
'
43
1,300
120
120
*119
121
120
109
*108
UC-9
*108
15,000
121
109
109
30'4
30%
29
11,300
'
:
*94
.
-
*131%
♦27%
f
17%'
<116%
95%
95
94%
*131
135
*28
30%
29%
16%
17%
116%
f
33% : ;33%
"•
*951/4
96
*131
135
16%
118 %
118%
30
95
135
30
16%
*117,
16%
119
'
11%
-
A69
For
"91
-
footnotes
33%
33%
34%
11%
12
33 V4 i
11%
11%
"70 Va
-69%
116
*88
see
.
page
2028.
69%
16%
420
95
135
—
!
16
117
S3%
34'/4
12%
11%
12 y8
121/4
71%
*70%
—
-
72%
~
-
*70
•-72%
Corp
zCum
bonv
Austin
30
2.900
Jan
Mar
•"
bee
108% Mar
Jan
105%
f 113% Nov
120 ! Dec
83% Dec
45 Nov
460
42.25
46% Apr
90
78% Mar
—No par
.
71% Sep
30% July
11
5
Jan
31
-Jan
48% Jan
33% Feb
5
Apr
•
123
110
Apr
;
83% Nov
42%
120
/
Nichols,,
No
30% Apr
133%
32
25% Jan -12
14%
9
07% Jan
8
Feb ! 15
conv
of
Tier
*Tbl»»
■
14% Mar 13
par
■
-<9
preferred™—-No par
108
-
*
Feb >13
26% Jan
•
93/3 jan
59% Jan
'3
,
3
3
t
Dec
Nov
109% Mar 18
24% Feb 26
-120
76%
101
16
44%. Apr
.109
100
Jan
27% Dec
94% Dec
Jan
18
60
Jan
Jan
15
113
"Jan
Feb
15
18%
130
27%
Jan
"
Oorp
-
3
28
par
.
Dec
Nov
139% Nov
52% Dec
-
33% Feb <26
__6
No
48
140
a
Jan
J13
II*45
11
12
81
11.5% Jan T4
"Mar 14
100
$5 prior A—•———„No par
Autocar Co.
5c
'44.500
1
100
pfd
Alias Tack Corp
Jan
.84% Jan
:
Jan
120 V4 Jan
110%
96
Feb '26
*115% Feb 21
65% Mar 15
100
,—
AUas; Powder—c,__——
800
•16
*1151/4
34
.
Atlas
..
_25
preferred series B
200
30%
116
.
3.60%
.
'
34
121/4
—
*30
30%
*16
118%
34%
12
'34 {
*131
135
*29%
16%
>116
94%
94%
94
*131
30%
'
'
951/4
135
m
;
37
preferred—'
Refining
i
conv prof series. A—.
n?n-cum
140
,
100
100
—100
Atlantic
280
-
29%
29%
29%
Tope! a & Santa Fe,
preferred!——1_
Atlantic Coast Line RR
Atl G & W I SS Lines
200
43%
109
Atch
1,200
3.000
73%
122
"
4.400
120
73%
*42%
19% Dec
,
Jan
s
'
■
x29% pec
~
20% Jan 14
Jan U
37%'Jan 29
1434 peb 16
83% Feb- 2
10%
77
126
1
>
14%
SY*
Jan
Jan
Jan
Jan
-
68 V8
Dec
Dec
Dec
20% Dec
131
Nov
29 '
Dec
10% Dec
63
Dee
THE COMMERCIAL & FINANCIAL
t Number 4481
163
Volume
2019
CHRONICLE
NEW YORK STOCK RECORD
JM)W AND HIGH SALE PRICES
Tuesday
April 8
April 10
$ per share
$ per share
share
I per
,
Wednesday
April 6
Monday
Thursday
j
$ per share
;
share
per
April 12
;
i
\.
$ per share
Range for Previous
STOCKS
NEW YOttK STOCK
Salesfojr"
the Week
Friday
April u
4
4"$
d
t per share
Par
Shares
v
it ear
R»pg» S|n«u7»nuary 1
Lowest
Highest
EXCHANGE
33%
33%
33%
33%
24
24%,
23.%
24-%
38%
*24%
82
38%
24%,
^
40
25
39
25
'
40%
82
41
61
;
*40% 41%
61% 62
*55
55%
29% ' 29'/a
31%
31%'
"j 82
82
60%
24%
61-81
40
40%
01
£ -".00
60%
55%
29%
29%
31%
29 Va
31%
25
56
56
106%
107
*128
13121%
2J%
131'
21%
10,600
30.500
1.70Q
25%
26%
26 3A
57
57
57%
57%
60%
60%
>107%
107%
60%
%
1.700
109
107
106%
106
106%
106 3/a
8.500
27 v2
29*/a
29%
293/4
29
29%
43%
*41%
43%
135
*40%
*131 "
43 Va"
135
243A
25
31%
31%
8,700
Bell Aircraft
31%
32%
6,900
*109V2
110%
135
*130
135
22%
>131
23%
24%
24%
31%
31%
31 %
31%
31%
31%
31 Va
31%
31
*109%
110%
*109%
110%'
*109%
25%
31%
323/4
110%
53%
52%
53%
53
'
10Q
33
33%
33
33%
32%
33
32%
33
32
32 V2
3.000
42%
42%
44%
44%
47%
45
46%
46 V
A
7,800
'28%
27%
28 %
27%
27%
46 %
273/4
27 34
10.500
106%
107%
105%
107%
106% 107%
6,900
109
166
166
107
•
107
108,%
169%
*164
169%
*164
106%
106%
-
*164
169 Va
*165
*135%
8.400
78'A
80%
82
83
83%
83 %
*81 Va
83
82 3A
82 3/4
-
39%
.39'A
39%
41
41
41%
40%
41
Va
393A
40 Va
'
27%
r
79%
40
76
*39%
27%
28%
28 Va
28%
28 Va
273/4
27%
*31%
53%
*31%
33
*51%
53%
33
27%
32%
*31%
31%
30%
68%
68 %
68
*106%
106%
106%
106%
31%
•
•
63
63%
62%
63%
43
•
43
44
44%
44%
43%
*200
220
210%
210%
203%
203%
30
68
68
44
220
*200
*195
54
53%
53%
53%
53%
53 3A
54
53 %
54
54
55%
55 %
55%
54%
55
55
*55
.
9
9
273/a
273/4
75 %-
75%
78
17%
17VB
17%
17'A
17%
17
17%
51
50
50
50
51
50 3A
51'A
64 Va
64
64
57
57%
60
*71
17%'
50%
57
56%
56%"
*112% 114
36'A
35%
*112%
113%
36 Va
35%
36%
*37%
38'A
36%
»A
34
51'/a
23%
22%
96'A
95
96%
95
24%
25 %
23 3/a
24%
23%
38%
38'A
39
38
107 Va
6414
100
58%
58 %
2.200
112 Va
64
113%
112 Va
112%
20
353A
35%
35%
35%
4,400
38 Va
*
38%
39
39%
800
213/4
22
21%
22'A
96
95
95%
94%
94%
1.560
23%
213A
22%
22'A
22 Va
16.100
107%
*
38%
37 Va
37 Va
38
38
10
lb
/ Va
'/a
1
*107% 107%
43%
43'A
43%
43
43%
43
43%
48
48
48 3/a
48 3/8
47%
48 V4
44%
443/8
*1083/4
44 Va
*108%
443/4
443A
46%
110%
*108 3/4
1
13
*97
99'A
18%
12 3A
13
09%
13
13
12%
*97
18%
98 Va
98%
100
91
91
'*90
31%
31%
91%"
30
91%
30%
*90%
92%
303A
31%
*108%
110
*108%
30%
107 %
35%
I per
30 Vs
30%
30
30
107'A
107 %
36 V4
107
107
35 %
April 8
*57%
35%
45%
46
43%
*57%
59
59
58
6
10%
9%
10
9%
43%
134
57
55
55
19%
19%
19%
19 Va
19%
68%
70
69
70
19
18%
19
18%
19 Va
*56
*56%
•57%
*135
136
*135
50
49
xl34%
136
*49
49
29%
29%
29%
58%
8%
44%
*58
.75%
135
49%
49
31%
31%
*108%
7,60p
•
110
7%
7%
30 %
293/4
X106
3,300
"
3,200
^
107
130
36
1,100
*35 3/a
$ per share
,29%
75%
58
58
-
5%
5%
53A
9%
10%
93/4
9%
37%
37%
37%
45%
130
131%
46
56
57
55
140
71,000
*67 3/4
69%
*68%
093/4
68 Va
68 %
800
-19%
*18 3/4
19%
2,000
*56% "57%
*56%
57%
19 %
*56 Va
19
193/4
57%
134
.
"49 Va
135 %
*135
*48%
493/4
136
49%
30%
9Va
9%
47
47%
*176
177%
46%
177%
47%
177%
75
753/4
76
57
20%
*59%
77%
*55
20%
9%
75
200
20%
59%
*176
2,500
130
37%
453/4
19%
31Va
47%
46
130
19%
9 Va
46
37%
2,900
19 Va
•
30%
46
70
53/4
133
*55
5,400
60
75
76
76%
77
135%
135 %
80
^
75%
*106%
107%
46%
*177
75'A
3,500
47%
14,500
180
60
*106%
107%
77
77
107
106 3/4
158%
'77%
106% 106%
1063/4
159%
*158
160
75%
107
107
500
157
158
280
29%
X28%
29%
28%
29%
21
213A
21
21
21
21%
203/4
X21
21%
21%
26%
263A
26%
26%
26%
3,700
27%
26%
26 3/a
26%
26%
26%
14%
14
14%
14%
14%
T4%
11%
17,600
14%
14%
14
14%
11%
6,700
158
•
11%
11%
115
*113%
-
158%
158
Xll%
11%
11%
*113%
11%
113
115
17%
•113%
11%
115
18
18%
■'
29%
14%
11%
29%
29%
113A
115
*113%
18
18
*173/4
*113%
17
41
39
393A
40%
40%
41V4
41
41%
41
36%
36%
*35%
3.0%
36%
36%
36%
36%
36
47%
47
47%
46%
47
473/4
46%
203/4
21%
20%
20%
21
21%
20%
20%
38%
59%
39%
37%
60%
37%
37
37%
61
60
60
*47%
47%
47
47%
19%
19%
19%
20%
.
38%
56
38%
38%
39%
56%
58
60 3A
28
111
28%
20
*19%
*111
111
27%
*19%
20
111%
EXCHANGE
3
54% Apr 10
2
113
35
Jan
18% Jan
xl08Va Mar
17'A Apr
o
Mar 26
•
73'A Jan
109% Mar 11
7
Dec
~
109
Feb
Dec
78
Dec
Jan-
67%
Dec
40 Va
Apr
24% July
114
Dec
343/e
52%
12
Jan
49 Va
95
3
112
Dec
Dec
191
Jan
Oct
5
Jan
17
36%
Apr
55
Nov
10%
Jun
56
11% Jan
8 3/a Mar 14
18
5'A Apr
42'A Jan
17 3A Mar
8
34% Jan
9
72
85
51
Mar
Jan
62
21
1
Feb
80
59% Nov
Jan
Dec
16
10 3A Mar
19%
Dec
2-t
37'/a Mar
52%
Nov
9
40»A Mar
59%
46% Feb
26
53'A Jan
53
Feb
13
64
Apr
35% Jan
10
9
115
31% Feb
26
35% Feb
26
Dec
Dec
36
Dec
July
112
Nov
357/a
Mai 26
60
110'A Jan
Apr
3
106
36% Apr
8
21
Jan
35.% Nov
Jan
40
39% J"n
1103/e Mar 18
Feb 21
Mar 15
373/4 Jan
11
23%
183A Mar 14
24 Va Apr
10
123A Mar
31
Dec
20% Feb
Xl6% Mar 14
108
-
37%
47
23
Jan
25% Mar 14
120
Nov
20 3/4
Dec
Nov
128
Jan
Feb
2
263/8 Jan
9
10 Va
Jan
3
99% Jan
6
743/a
Jan
97
Oct
21% Feb 26
28 % Feb
4
10
Jan
24%
Dec
Jan
37%
Oct
Jan
39%
Dec
Jan
25
93
par
Jpn
30% Jan
1
130
2
20 % Feb
120
105
35
Feb
38
45% Jan
20
Feb
3
4
Dec
42%
Dec
Apr
393A
Dec
Sep
111 Va
Dec
2~0%
Dec
30'A Aug
20 3A
111
10
20v
r
11
Janf
13%
9
15% Jan
25
105
Mar 22
% Apr
&Apr 11
.
16% Feb
18%
29
48% Mai1 30
46% Apr
25
108% Jan
22%
25%
108% Mar 28'
6
383/4 Jan
2
45% Feb
3
Mar
100
Jan-
•
I
10% Feb
25
90
Jan
10
75% Jan
2
25 % Jan
109
Jdn
15% Nov
29
7»A Mar
Apr
4
77% Aug-
95
Nov
95% Apr
l
59 V* Mar
81
Nov
14%
27 3A
100
4
32% Jan
29
24
109% Jab
3
Jan
3 3/a
Jan
Jan
3
9% Jan
6
24% Jan
3
35% Feb
16
15
Jan
99 Va Jan
2
Jan
7
87
Aug
36% Apr
10
6
29% Feb 26
109
Dec
Oct
110
IO53/4 July'
7 Va
.
Dec
Dec
28
Feb
101%
39
22'A Mar
Nov
Range for Previous
<•
Year 1945
Range Since January 1
Lowest
Highest
<
.
111%
111
60
111
*111
111%
$ per share
Lowest
Highest
$ per share
$ per share
$ per share
700
2,400
41,OOP
1.10Q
7,100
13,900
30%
31%
30
30
33
30%
19%
20
19%
19%
20
20'A
59%
59%
59%
60
593A
59%
5%
2,300
10,700
preferred
Checker Cab Mfg new
Chesapeake Corp of Va.
Chesapeake & Ohio Ry
$4.50
13%
13%
13%
13%
14
4,600
123/4
22%
22%
22%
Class
22%
22
2.300
22
13%
12%
12%
12%
12%
4,700
27%
.27%
27%
273/4
28
2,400
12%
273/4
27 Va
28
28
27%
27%
27%
27%
27%
26%
27 Va
28
27%
27%
273/4
26%
27%
75%
75%
76%
76%
75%
77
75%
76%
For footnotes see page
2028-
24,100
263/4
x69%
70%
II,200
i—100
Violeta Sugar Co
Co
Champion Pap & Fib Co
13 %
12
preferred—100
Chain Belt
23
12%
4%%
Lt
No par
12%
11%
—-20
No par
22%
12%
111
Ribbon Mills—
Copper
Certain-teed Products-
59%
12%
—
Century
13
123/4
——.—-
Cerro de Pasco
59%
*22%
No par
No par
—100
No par
Central
13
23%
,
Central Aguirre Assoc
59%
*22%
—...
preferred
East 111
RR Co
A___
1
No par
No par
No
5^
preferred
Series
A
Pi P vtc
preferred
par
-1.25
—^-5
—-25
No par
40
Chicago Great West RR Co—
Chic Milw St
4
Dec
123/4 Jan
28
6V4
Apr
9%
Nov
37'A Apr
11
49% Jan
17
58
class A—r
—10
'$4.75 1st preferred
1% 2d preferred
Corp-
56
Jan
473/4 Apr
7
7
7
Co
——
13
13
23%
Steel
Corp
Central
111%
20
59%
Carrier
43
Sep
IV4
2
Jan
Clinch & Ohio Ry——100
Carolina
Jan
52 %
Jan
3 Va Jan
8'A Jan
No par
Foundry Co
1
Central Hudson G & E Corp_No par
111
31%
30
Capital Administration
$3 preferred A
Carpenter
27%
10
16
39
54
1
Calumet & Hecla Cons Copper-—6
Campbell W & C Fdy—
No par
Canada Dry Ginger Ale common—5
$4.25 preferred.
—No par
Canada' Southern Ry Co
i—100
Canadian Pacific Ry—
1—25
Cannon Mills-.
No par
.
50
50
No par
-100
x30
Feb 25
41% Mar 15
124
Mar 6
53
Mar
4
16'A Mar l
55'A Feb 28
126'A
45'A
26'A
55'A
Jan 2
Mar 5
Feb 26
Feb 26
8% Mar 14
,
134.
Apr
Jati
22% Feb 16
72
Nov
21
.i«n
2
11
Jan
21
Dec
57% Mar 2.6
52
Mar
56
Oct
Jan
135
Nov
49
Dec
135% Apr
53% Feb
10
9
34
Jan
30
60
Feb
116%
32
Mar
21.
Jan
333A Nov
4
10% Jan
2
47% Apr
1Q
Jan
15
56
Feb 25
i06%Apr ll
77 V4 Apr
8
109% Jan
14
93A Jan
Dec
Jan
77
■,
Dec
56
"20%
48 Va
8
20'A Jan
128% Dec
10% Jan
8
Jan
29% Jan 7
45
Feb 26
108% Feb 26
23
Apr 4
173/8 Mar 13
54% Jan 5
9% Jan 2
Feb
Jan
Apr
183,
Mar 8
2,2% Jan 3
20% Jan 2
25 V2 Feb 26
10 Va Feb 26
10% Mar 15
112
Jan
7
- 163A Apr
1
37
Feb 25
28 3a Jan 24
42'A Feb 26
- 143/8 Jan - 3
47
70
40% Mar 13
175
Jan
3
66
Feb 26
154
31
'
32% Nov
45% Oct
Mar
113%
7
Apr
Jan
20
9
58
18
Mar 13
62 % Feb 26
Dec
8
Apr
7% Feb
par
60
preferred
Zinc-Lead
Callahan
Ctelotex
120
*19%
31%
5%
No
Packing
California
59
76%
Dec
26
Par
Chic &
76%
Dec
42 3/4
35% Feb'
Feb
STOCKS
*
YOttK STOCK
Central
16%
36
*111
8
32'A
26
—
1,500
16%
40%
37
55%
Dec
Jan
44% Feb
common—_1
100
tCent RR of Hew Jersey
40%
55%
Dec
25%
20 'A
No par
i.
5
—
I,555
16%
39%
—.
18 V*
40%
*38%
38
Jan
Jan
.<
45 V*
5,900
1,680
115
16%
*35%
Jan
13%
Apr
Celanese Corp of Amer~
400
9%
26%
14%
23
10
33%
8,700
59 V4
9
29%
11%
io
30% Feb
6
76%
59%
21%
*113%
48
413/4 Feb
54% Feb
76Va
9,500
29%
21 Va
158
723A Dec
83% Apr 10
4
3,600
800
30%
159%
29%
293/a
*157
Dec
44% Jan
-5
—10
Preferred 4% series—;
50
Carriers & General Cprp
——1
Case "(J I) Co—
'——25
Preferred
—100
Caterpillar Tractor——'.r—No par
491/2
30%
*48
'
77
27
Dec
Nov
155
Jan
9
Shares
12,500
13,000
"59%
31 Va
59%"
9%
*176
58
753/4
59%
177%
75%
75'A
44%
473/a
177%
29%
59%
*57%
47
46%
,
130%
I
76%
107%
127
98 3/a
2
179
1
6% preferred
—100
Bush Term Bldg 1% preferred—100
Butler Bros common—.
——10
4 '/a %
preferred
1
100
Butte Copper & Zinc——
_5
Byers Co (A M)_
No par
Participating preferred
—-100
Byron Jackson Co—,
No par
the Wee1>
April 13
Dec
28'A
21
60
Terminal
NEW
Dec
35%
22'/a Aug
17
Aug
65
Jan
6
Mar 22
26% Feb 26
i
•
Burroughs Adding Mach_—No par
Sales for
Friday
473A
30
9
44%
177 %
*176
57%.
6
9
9
45
44%
44 %
133
*54%
57%
47
10
36%~
36
35%
35%
44%
132
54%
58%
S per share
5%
53/4
68%
*56%
April 11
58
5%
131
*129%. 131%
18%
92%
30
210% Apr
pfd
Watch Co. Inc.—
■
463A
45%
47%
5%
35%
35%
43%
19%
35%
Thursday
Sper share
9%
10%
*66
92
Jan
3
i.
preferred
Common rights
Bush
Dec
19%
•
Nov
1133/4 Jan. ,6
168
Dec
63
C
45%
5%
.54%
*35
Wednesday
• April 10
5%
10%
30
180
SALE PRICES
$ per share
$ per share
share
59
*57
-
HIGH
AND
99%
*98
-
47%
47
7%
7%
7%
7%
36 Va
Tuesday
April 9
2,700
Apr
35
109%
Jan
3
2
109% Jan
No par
Co
Bulova
31,000
-.
"
30%
LOW
April 6
110
31%
31%
*108% 110
107%
35
Monday
Saturday
92
35%
30
107%
35
35%
99
*106%
30
107%
19 Va
29
Jan
May
Aug
Jan
No
4%
12 3/4
*90%
31%' -313A
7%
7%
73/4
30
30%
107%
110
7%
7%
7%
19%
12%
*98
92
*108%
110
*108 Va
193/4
12 3A
8
Dec
.47%
47.'A Apr 10
2
26
38% Jan
No par
Burlington Mills Corp
236,000
17
0
Dec
42
Dec
130
24% Dec
29% Nov
103% Sep
Jan
Jan
58
Jan
18
33% Apr1
13
7
Feb
29
-
8
2.600
3/a
iff
Mar
Jan
Aug
Jan
17%
12%
28
45% Mar 18
1—
co-_v_.
112
4
Apr
12 %
323% Apr 1|
363/4 Jan
Wheel
Bullard
35 % Jan
Mar 13
110
Dec
35
68
Mfg
Forge
Feb
33% Jan
—100
Buffalo
*1083/4 llOVa
Va
19
Budd
Mar 27
..
1'14
58% Mar 13
Bucyrus-Erie Co
preferred—:
(K G)
7
63% Feb
No par
i—15
No par
No par
new
8.500
'
45
44
12%
12%
100
12%
46 3A
Co Inc
$5 preferred
Jan
Dec
—15
Bruns-Balke-Coliender—
Budd
Dec
54
"*9%
-.1
—100
Union Gas.—
Shoe
J
42
22'/a Jan
(assented)-100
5
Branlff Airways Inc
—2.50
Brewing Corp. of America
15
Bridgeport Brass Co—
No par
Briggs Manufacturing
No par
Briggs & Stratton
:
No *ar
Bristol-Myers Co New—
—2.50
3% % preferred—100
Brown
Mar $
30, Apr 2
43
Jan 1»
140 % Feb 14
25% Apr H
3
6
93% Jan.
149% Jan
Roller Bearing Co
Brooklyn
30
xl06
52% Dec
110
22
Boston & Maine RR
Bower
Feb 21
Feb
7
Corp.—.—-—
Borg-Warner
110
104% Jan
(The)—:
Buff Niag El Corp $3.60
1.500
47'A
Dec
7
5
67% Feb'
4
10
26
preferred
4%%
Borden Co
200
42
46
55%
4
Feb
Bond Stores Inc common
800
41%
*108% 110 Vs
%
■ft
19%
CO er*
I83A
18'A
38.800
-
*107% 107%
47%
44%
110'/a
-
43
*42%
47%
18%
130
"
22%
48%
110'/a
10,700
23%
125
125
125
43%
44 3A
1,300
*124%
95
96
*10/%
lb I Va
33
23%
23%
23 Va
109
33
33 %
33
NOV
No par
No par
Bon Ami Co clas3 A
$3.60 preferred
*107
109
*107
48
18%
3,800
223/4
38
110'A
50%
*62%
125
"22%
23%
38%
*108%
50 %
*37%
22%
44%"
7.200
-
24"%
107 %
17%
59'A
24 Vs
23%
125
233/4
23%
96%
107%
16%
59%
109
•*107
33%
34 %
126 Va
•
400
17 Va
16%
50%
38%
*38
23%
23%
*125
126
*125
127 %
*125
*33%
237a
23'A
23%
23%
35%
109
*107
35
34%
35'A
*34%
108'/a
*107
108%
*107
6,900
78
*62%
113%
36
*112%
373A
373/4
273/8
26 Va
59
58%
36
200
64
*63
113%
*112 Va
35%
800
9
55%
*73
78
"
*633A
64 %
*62%
7.200
'
27%
*73
78
*73
•
-78-
*76
-
3.600
55%
*8%
55
27
27%
27'A
273/4
27 Va
27%
27%
200
54%
55 Va
55
55 Va
•
8%
8%
9
•
*55
55-Va
*55
57
*55
57
9
9 Va
*8%
9%
*8%
7.200
210
54
53%
53
53%
'
Deo
47
34% Jan
Bigoiow-Sanf carp inc——No par
Black S* Decker Mfg Co
No par
BlawrRnox Co—
1—No par
Bliss & Laughlin Inc.
,—
8
Bloomingdale Brothers—
No par
Blumenthal & Co preferred
100
Boeing Airplane Co
—5
Bohn Aluminum & Biasa
5
Class B
170
44
*200
54
*53%'
100
64
433A
225
800
107%
*62%
44%
44
8.900
66%
*106%
64
64
'
30%
66 Va
107%
210
112
*110
31
63 Va
63 Va
43
-
112
107 Va
10.200
"
30%
107 Va 107%
65
*63%
32V4
53%
68
*67%
69
*31%
*52
24%
50
-100
preferred—
7%
1.400
2.800
-
32 Va
30%
30%
31
23 Va
54%
53
*110
112
*110
112.
*110
54%
54%
53%
53%
11*
*110
*110% 112
31%
31%
68 %
*67%
106%
*106%
28%
*31
33
*31%
•
53%
28
14% Aug
28
——
100
168
39% Feb 18
58
Apr
4
1083/4 Jan'
•
53%
4
6
Apr
26
Bethlehem Steel (Del)—.—No par
106
27%
28%
29
28%
•52%
.
Dec
25
06
9
24
42
,53
52%
,
81
16% Jan
62
19% Mar. 14
——
No par
Cprp——J.—1
33%
53
Jun
23
4
39'A Jan'
127
Jan
43
52%
Jan
30'/a Apr
14% Jan
33
32
110%
*109%
44% Nov
55% Jan 23
104
43
29%
*109% 110%
52 %
52%
Jun
Jan
12%
-
4
49% Jan
56% Jan
Belding-Heminiyay
10.900
Dec
28%
19%
2
Feb-
84
•
106% Jan
Be» fc Howell Co;—-—10
4%% preferred-——_
IlpO
Bendix Aviation.—i.
-:_fl
Beneficial Indus Loan—
No par
Best & CO—1
Best Foods
—1
31%
35%
11% Jan-
20% Jan
Beatrice, Creamery.:;-—,-——38
$4.25 preferred—-—r-—Np par
Beek Shoe 4% % preferred—4p0
Beech Aircraft. Cijrp»pR.^-..y.9S-l
Beech Creek RR———
—50
BeeoprNut Packing CO—
-20
*41 Va
2$3A Aug
9
40% Jan
300
\
Vr/
Jan
53
■
'
'
per share
21% Jan
preferred-.--—
r---50
Barngpall Oil* • Op———————.y.——
Bath Iron Works Corp.—4
340
60
60%
if
Mar
20 V4 Aug
|7% Jan
52% Dec
Baynk Cigars- inc——r—No par
170
293/4
9
203A Feb 25
75
Jap 1 3
Burker Brother*—-w-,—No par
1
'
55%"
Mar 22
37% Mar 15
38
Jan
2
Asphal| C0IPr*r'-——-rs*iO
Barber
,
V#
31
21%
31
30%
31%
30%
■
29%
*55
36%
27%
43%
*40%
60%
"y /2
60
4>%
31Q
30
28
27'A
43%
Apr
36% Jan 3P
3D JA Jan 10
47% Jan 28
25% Mar 25
Mar|3
38
Baltimore ft Oh|a
'
5.80a
60
107
22
25.000
107% 107%
*105% 106%
107%
27%
20,000
24%
40 %
24%
29%
60.
60
107%
6Q%
60
55%
33%
56
109
106
'
55%
30%
55%
•29Ve
80
40
61
*55%
*107%
30
---100 *
preferri$_——
100
Bangor, & Arppstook-^-—-r.^50
cony 5% preferred-?
-44oo1
3.400
'40%
40%
.
26%
27%
30%
24%
81%
40%
1,300
80
80%
55%
*40%
21%
24%
81%
41%
24%
56
135
*130:
39%
23%
39
25
59%
27%
-
31%
24'/#
40
83
40
43%
27%
24%
60
31
106%"
*40%
33%
23%
39
29
107 %
*105
33%
*55
60%
r
107
,
24%
61
57%
*56
34
24%
39
(24%
'39%
;81%
.
Buhjwln Locohiptive Works—',.-13
33%
23%
33%
23%
38
■
*
V
B
33%
Highest
f per share'-
share
per
1946
Lowest
5'A
10
Jan
35%
Jan
Dec
47% Jan
71
Nov
66%
Dec
37 Va
Jan
104Va May
127
•
Jan
Tap
3
12
14% Jan
21% Feb
16
18%
29
15
Jen
14% Apr
9
13% Jan
24
Jun
159
Dec
Jan
20 Va
Apr
31%
4%
Jan
11% Nov
Jan
29
109%
17
10%
16
25
42% Feb
110
25% pec
21% Sep
23% Jan
116
Dec
175
.
29% Apr
161
Dec
48%
Jan
152
Dec
113/4 Dec
13 3/a
Nov
Jan
115%
Apr
20 %
Jun
40
Nov
Dec
Mar
Feb
3f)3/4 Apr
4
10%
Jan
51'A Jan
16
33
Jan
32%
50%
21% Apr
10
7
Jan
16% Dec
43
61
1J4
33
21% Mar
33
J* t)
31
Apr
11
28%
Jan
10S3A
Oct
112
14%
Jan
Oct
55
Jap J7
Apr
9
22
21
Jap
2
$3% Feb 10
18% Jap 23
Dec
Dec
,
Nov
Dec
47% Mar
58% Oct
15%
26
Jun
Jan
2
26% Jan
28
6% Mar
12%
Jun
2
17V4 Jan
?5
51Va
12 Va
Jun
335/8 Feb
16
27 Va Apr
9
253/4 Mar29
x69V4Apr 12
Jan
34'A Jun
24
Jan
)3% Jen 29
24%
Oct
33
Dec
2% Jan 28
66%
Oct
74
Nov
'=
A
?>f
THE COMMERCIAL &
„
^
I Monday, April
FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
LOW AND mGH
April 8
April G
*
*
share
39%
70%
33%
38% * 39
38
69%
70
70
33
33%
55
55
61%
61%
22
22
23%
22%
* per
21%
22
share
39%
39
71
71%
70%
33%
33
•;
*
*33
*54%
t
62
*61
21%
*21%
>'
*54 %
55
9
9%
,
38
37%
69%
70%
33%
33%
32%
33%
31%
55
56
56
56
56
61%
62
62
61%
61%
24%
25
24%
24%
23%
21
21 %
20%
23%
20%
*23%
21%
9%
8%
8%
8%
*21
49
*47
49
134%
*113%
57%
58
-57%
32%
32%
32%
94
93%
94%
57%
32%
93%
*113%
116
57%
103 %
-*102-
30y«
93%
198
*192
*105
108
*105
112
,111%
,♦102
,106
*57%
*57%
60
i 36%
;
37
57
57
36%
*
56%
56%
*163
65
64%
*106% 108
40
56%
50%
*1,300
50"%
105%
5,000
180
105%
54%
106%
51%
*105% 105%
50%
1,400
53%
53%
*113
114%
*113
54%
114%
18%
18
18%
18
18%
21%
21
21%
20%
20%
*33
33%
33
33%
*33
33%
110
30%
29%
29%
*29%
30
160
28
27%
27%
27%
27%
44%
42
42%
42%
43
18%
21
21%
21
33%
33%
'33
*28%
54%
55
33
30%
30
30
29%
29;
44%. .44%
28
28
*27%
44%
44%
54%
20
113
113
18%
18%
6,600
20%
21
3,400
41%
42%
42%
12%
12%
12%
12%
12%
12%
12%
12%
110%
*110%
111%
110%
111%
110%
110%
110%
*110%
110%
106%
105
106%
105%
106%
105%
105%
*105
106%
105
105
*105
43%
44%
45%
44%
45
43
44%
43%
44
42
3,700
35%
34
35 Va
33
34
33%
34
15,200
44%
44%
13
12%
-
45%
44%
*42%
43%
43%
44
43%
43%
43%
43
•
105%
105
104%
734
33%
32%
32%
31
106
56%
56%
57%
58%
*119% 122y«
22%
22
*119%
122%
*118%
56%
V 35%
22%
120
22%
23%
4%
35%
35%
4%
4%
125%
35%
127
124
61
61
61
61%
60%
36%
36%
36%
37
48%
51%
51
60
38%
48%
35%
61V*
36%
51%
48
105%
106%
58%
*119
57%
7,100
24%
23,000
4%
4%
4%
4ya
4%
186,500
1251/4
123%
124%
124 %
125%
35%
35%
35%
35%
6,900
20,900
23 V*
23%
24%
23
51%
8%
8%
35 VB
60%
60%
37%
38%
51%
35%
8%
60%
60%
38
v
35%
60%
38%
37%
37%
5,000
52%
51%
52
4,200
*52
8%
9
8%
8%
900
7,700
19,100
1,700
8%
8%
8%
8%
8%
35%
35%
35%
-35%
108 V2
108%
108%
19%
19
19 %
19%
19%
19%
19%
19%
19%
19%
19%
19%
51 v2
28%
52
52
51%
52%
52%
52%
52
52%
X50%
50%
29%
51%
28%
29%
28%
29
28%
29%
41%
41%
42
43%
42
42
42%
51
51 v4
51
*105
44%
113%
♦112%
44%
45
44%
♦112%
44%
17%
*105
110
*105
110
*113%
113%
16
15"%
16%
58%
58
58
44%
22%
27%
27%
*54
55
..
55
5
i
51 y4
51%
17%
16%
*106
110
51%
51%
*106
108%
45 %
45
45%
*113
113% 113%
116
45%
113%
4
.
16%
16%
16%
16%
16%
16
16%
58%
58%
58%
58%
58%
58%
58%
4,800
1,900
19
18%
18%
18%
18%
20,500
*54
55
55
193/a
195/8
55
55
24
24%
243/a
23%
'
*54
55
-
,
3,400
110
55
*54
24%
55-
19%
23%
233/4
3,300
23%
24%
64%
64%
64%
64%
64 Vs
64%
64%
643/4
(64
64%
560
35%
35%
35%
35%
35%
36%
35%
363/4
36%
363/4
36
36%
7,400
108%
108%
63 y4
108% 108%
63
63%
*108%
108%
63 Va
63%
108
206% 108
12%
12%
6%
6%
*205
12%
6%
12%
6%
208
*205
14
14%
6%
LOW AND
45
108%
32%
37
*36
*35
56%
55%
52
52
52
52%
108
150
38%
38
107%
108
*141
38
113
43%
27%
41%
*41
27%
28%
*57
7%
137
*132
7%
23%
47%
105
54%
2.600
52%
52%
523/4
393/4
523/4
40 V*
27
107%
107 y2
150
150
38%
39%
48%
107%
49
42%
28 %
49%
59
59
75%
8
75%
7%
23%
22%
*135
39
39
22%
41
41
26%
60
137%
76
*76%
76%
75%
391/4
7%
39
140
Jan
18
39
Jan
14
28% Jan
27% Apr 11
40'A Feb 26
38
Jan
14
25% Jan
Feb
28
7%
22
*135
*38%
39%
120
X60
200
2.200
61
1.000
21%
22%
33.700
137%
139%
300
22%
/
7%
76
,,*75%
:i
22%
7% /'• 7%
; 22
.
*135
140
39%
90O
:
"
43,500
23.200
140
*38
1
22%
38%
»-<-,•
1,200
50% Jun
46% Jun
46 %
Jun
Mar
50Va Nov
Mar
50
Jan
28
31
14
Jan
24
4V8
Jan
HV2 Dec
111% Apr
4
Jan 29
31
10
90 V*
Jan
110V4 Nov
Jan
107% Oct
105% Apr
106 y4 Apr
5
Nov
Jan
19
2% Jan
39
Jan
53 %
Sep
10
110
Dec
116%
Dec
11
15% Aug
257/a
Dec
120
6
4% Feb
2
6% Jan
61J/2 Apr
8
22
48
6
Feb
6
36
33% Jan
47
26
4
Jan
4
Jan
12% Feb 26
Apr
19% Apr
4
6
Feb 25
109% Jan
10
39% Mar 13
2
110% Jan
48 % Feb
6
113% Mar 29
18% Feb
14% Mar 13
8
Jan
5
63
Jan
18
17
Mar 20
24
Jan
29
35% Feb 26
46
Apr 12
21% Apr
22 y2 Mar
30% Feb
1
Jan
19
23% Feb
16
57 % Mar
4
56
3
5
61% Apr
38% Jan
3
199
2
Jan
10% Feb
26
5% Mar 14
11
109% Mar 15
70
Jan
29
210% Mar 30
14% Apr 10
7% Jan 29
Highest
f per share
25
(The)
Crosley Corp (The)
Crown, Cork & Seal
$2
preferred
No
—
Zelierbach
Crown
Sper share
preferred—
100
—
-100
preferred.
—10
Sugar—
preferred
Cudahv
2
preferred.
Cuneo
Press
$7 preferred
Prior preferred
Curtiss-Wrlght
Class
16
Jan
28% Dec
47%
Feb
55% Nov
12 y2
Jan
19'/a
30
Jun
Dec
53% Jun
64%
26%
38%
Dec
Oct
Oct
Dec
101% Aug
58 V* Jan
108
71
Oct
182%
199
Dec
13
Dec
Jan
6
Jan
3%
Jan
7% Dec
9 per share
9
110y4 Mar 21
Jan
99 y« Aug
Jan
43%
Dec
108% Dec
34% Dec
41
Jun
Jan
Nov
53
40y4Apr 12
20%
Jan
30% Dec
Jan
3
107
Jan
21
115
Jan
3
.62
110% Feb
150
Apr
54% Feb
42% Mar 13
109
Feb 25
115
5
12
16
Apr 10
46% Jan
37% Mar 29
22% Feb 26
14
25%
24
Highest
$ per share
49%
5
3
Cushman's Sons Inc 7% pfd
-100
'Cutler-Hammer Inc
No par
Nov
37
Jan
1
Dec
43
6
2
„
59 y4
20
,
8%
1
Mar
1
A
Oct
Jan
Jan
29% July
14
Jan
No par
No par
Dec
54% Feb
.39
Cunningham Drug Stores Inc..2.50
Curtis Pub Co (The)
No par
Dec
17%
Jan
'99%
5
113
37%
35% Jan
160
Inc
Sep
106'/a July
10% Apr
.39% Feb
:J°o
—
Dec
Jan
50
4
Mar
-100
—
Packing Co
4Va%
Dec
109%
8%
Apr 12
49% Feb 26
51
Feb 27
31
29
No par
47% Apr
Feb 26
34
No par
No par
$4.20 preferred
Cuba RR 6%
38
107% Jan
..
5
$4 2nd preferred
Cuban-American
par
Corp
Crucible Steel of Amer
5%
2
No par
No par
Jan
93% July
Lowest
Lowest
—100
Feb
17%
Range for Previous
Year 1945
Range Since January 1
STOCK
Dec
40% Nov
52% Mar
105% Feb
45
115
Apr
26 y2
67% Jan 21
33% Feb 20
1
1
preferred—,
17% Aug
Jan
108%
27% Jan 18
5
100
25
Co common
3%%
35% Dec
61% Feb 26
Par
Crane
45% Dec
22% Feb. 26
14
Jan
Dec
22
49% Jan
16% Aug
52
100
Cream of Wheat Corp
109% May
23% Mar 20
2
6
52% Mar 12,
17 Va Jan
34% Nov
Sep
Jan
46
54
No par
Jan
17% Jan
8
115% Mar 15
52
3% Mar
7% Dec
11% July
9
17
Feb
Jan
31 y4
5
26% Feb 26
Oct
Nov
24%
19% Apr
112% Jan
39%
50
106
109% Jan 28
18
Nov
26% Mar
10% Feb
4
Jan
29%
52% Apr
102
Dec
28% Jan
34 y4 Nov
16% Feb 26
37
4% Nov
124%
8
42% Jan
38
Jan
1
35% Apr
Feb 26
Mar
H Jan
89
Feb
132
2
Jan
31
9
Apr
59 y4 Apr
5
Feb
19% Mar 15
123
Dec
25% Jan
47
5
Inc
7%
4.200
Jan
Jan
18% Dec
47
3
Jan
EXCHANGE
1,500
10.700
115
47
20
9 % Jan
14
Steel. Corp new
NEW YORK
'
104%
43%
42%
76
22
22%
*135
41
Mar 13
50% Dec
16
Apr
29
1
Motors-
'
140
140
24% Feb
33
5
Preferred
40
ii
47 %J,
*103'
60.:
22%
137%
7%
20% Apr
15
Corning Glass Works common
3 Va%
preferred
Corn Products Refining
,*165
48%
104%
41%
22%
22%
Nov
8
28% Jan 10
5
-
48 *
*136%
7%
Aug
14
prior preferred
r—No par
Copperweld Steel Co—
*
—5
Conv pref 5%
series—
50
Cornell-Dubilier: Electric Corp.—1
Corn Exch Bank Trust Co
20
630
2,100
27
104%
40%
200
8,300
41
27
137
23%.
.-
118
'
59%
20%
>115
116
-
483/4
26%
104%
59
48s/8
,
*165
49
1,400
32%
41
40
136
1073/4
150
48%
*114
115
*103
110
32% Feb 26
Gas—
'
395/8
*147%
49%
*165
105
Dec
17
$3
400
39%
137
*132
38%
38%
34
54%
40
136
75%
23%
34
40
20%
19%
8
,
23%
Vs
28%
*41
Dec
106
29
107% Feb 25
Continental Oil of Del
100
55
58%
136
75%
75%
.-
113%
42
15.100
35
40
58%
20%
138
20%
105%
*39%
60
*135
48":
47%
*105
40%
113%
*165
*165
A
27%
48%
46%
108%
45
32%
39%
48%
49
Oct
Jan
23% Jan
—5
Shares
54
146
112%
*39%
Continental
the Week
35
107%
48%
Feb
34%
116% Jan
No par
_
Sales for
32 V*
107%
48
31%
101%
16
9
Coty Internat Corp
*107%
32%
Dec
12
Feb
56
11
of America
20
Continental Baking Co
-No par
$5.50 preferred —
No par
Continental Can Inc
20
$3.75 preferred
No par
Continental Diamond Fibre
5
Continental Insurance
10
Coty
56%
52%
38%
51% Apr
155
108% Mar 18
38% Apr
1
16,900
37
146
41%
48%
*52
Nov
Feb
100
28,400
32%
150
111%
105%
38%
55 Va
108
111%
*48
46%
108%
108
111%
*105
46
*108
*140
47%
27%
47%
32%
72
52% 2 Apr
pfd
7
$ per share
9 per share
108%
*36
56%
52%
Dec
STOCKS
45%
150
48%
*42
37
Oct
59%
11
7
Vultee Aircraft
14
Friday
April 12
Thursday
April U
108%
108
*140
*47%
*165
Natural
63/4
7%
183
16% Jan
Container Corp
160
206
Nov
41% Sep
53% Oct
Feb 11
Jan
67
No par
13%
14
.
8,000
Jun
59
Apr
32
Consol Laundries Corp
HIGH SALE PRICES
45%
47%
*108% 108%
32%
32%
55%
38%
7
63%
*205
205
13%
7%
9per share
55%
38%
205
14%
9per share
31%
33
-■' 37
*51%
,63%
62%
63 ya
160
108
108
1083/4
62%
Wednesday
April 10
♦108%
*32%.
*108
208
Tuesday
April 9
44
44
55%
7
108
9 per share
April C
9 per share
*36
63%
Monday
Aprils
Saturday
109
108
j
May
38% Feb 26
Cooper-Bessemer Corp
19%
Jan
100
,
130
No par
$5 preferred
3,700
64 y2
43%
V
28%
20 Va
35%
2
No par
28%
19%
Jan
34% Jan
140
No par
Congoleum-Nairn Inc
Consolidated Cigar
Consol Coppermines Corp
Consol Edison of N Y
28%
<
53%
42% Jan
Conde Nast Pub Inc
28 V*
24y8
*108%
Commonwealth Edison Co
29¥4
64%
6 y2
No par
25
$6 preferred series
28%
'
68% Nov
110% Apr
Apr
200,
Jan 23
Jan
93% Jan
•
60% Jan
162
2
4
Commonwealth & Southern—No par
29
20
4
44% Feb
26
No par
Commercial Solvents—.
Continental
24%
12%
100
$3.60 preferred
2*000
19%
3
19
112
10
Credit
Commercial
22%
23%
63
No par
pfd w w
cum
46
19%
/ 55
207%
$4.25
45%
220
44
106% Nov
Apr
108% Mar
104t" Apr
57% Jan
3
41% Oct
22,
54
Oct
71
2
28
45%
54
115
10
Dec
22%
54%
109% Jan
113% Jan
Dec
Nov
45
*54
May
26
22%
547/e
105
8
36
45%
*54
Jan
Jan
8
22%
.
Dec
89
108
72 Va
9
10
22%
•->
205
20
45
55:
Feb
35'A Apr
23%
55
Jan
45% Apr
45%
55%
49
170
106% Feb
45
*55
,
Nov
18
23
22%
27%
25
9% Jan
Jun
24% Feb 26
45%
27
Dec
105
36% Mar 15
18%
10,700
Jan
12
2
102% Jan
19
22%
28
98
Feb 27
Jan
100
18%
*22%
68% Dec
No pur
preferred
6%
Columbia Pictures new
17%
16%
30
Jan
Apr
205
42% Feb
of Cuba 6%
300
26
Feb 27
Jan
Aug
Jan
71 Va Jan
35
26
Feb
58
20%
31
1
5
108% Mar
45% Jan
Pow $4.50 pfd—No par
113
9
Apr
140% Dec
42% Jan
15
97
104% Feb
Consol RR
113
35 y* Feb
3
62
Consumers
10,300
Jan
Dec
Nov
Columbian Carbon Co. (new)-No par
Consolidated
40,100
4
178% Jan 11
950
108%
?106
45%
•?-•/ ' 44%
91%
Dec
15
48
1
9
152% Jan
3,400
3,100
X23
Jan
84
29,600
51
Feb
58% Apr
Jan
4% Jan
29%
30
Jan
114
109
Consolidated
,.
'
45%
<
4
141
35% Apr 12
50% Feb 26
42%
17%
17%
17%
109
*
16
8
18
25
56V4 Feb
17%
51%
Jan
26
99 Va Jan
par
6% preferred series A
Apr
15
49% Feb
1
57% Jan
114%
42
Y;
23
Marl3
104
113%
50%
41%
114%
Dec
100
Columbia Gas & Elec
3,300
4,900
28
27%
28%
41%
27
x40
19
19%
19%
27%
114
114% 114%
109
15% Jan
2.50
No par
Class B
45
45
22%
42%
1141/4
1091/s
35%
35%
108%
2
112
18%
18%
18%
109 y«
109
109
58
15%
58
.
51
19
18%
.19%
18%
114%
114%
51%
114%
114V2
114 y4
108%
108%
35%
109%
351%
35%
Dec
25% Jan
100
new—No par
5% cum conv preferred
20
Colorado & Southern—
100
4% non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A-—2.50
100
120
*119
64
110% Mar 20
Colo Fuel & Iron Corp
2,200
56%
58
122
Jan
105
par
par
par
—
120
105%
105%
105%
57%
120
42%
12
'
35%
35%
57%
59%
120
124%
4%
4%
125%
127
•
22%
22%
4%
4%
127
106
106
,105%
43%
54
59
par
A
Class
900
111%
12%
110%
110
2,400
1,100
61,100
*
17
19y2 Feb
No par
(The)
—No
Coca-Cola International Corp No
Coigate-Palmollve-Feet—
No
$3.50 preferred
No
Collins & Alkman
-No
5%
conv
preferred—
710
67% Jan
205
7% gtd
50
stock.
50
Climax Molybdenum—'—-No par
Cluett Peabody & Co
No par
Preferred
100
Coca-Cola Co
65%
Oct
6
102% Apr
100
preferred
5%
100
65%
*1,300
50%
10
195
195
195%
64% *65
1,700
168
*163
*192
65
36%
56%
35%
'
56%
168
59 %
68% Jan
-'Special gtd 4%
11,600
Jan
28% Jan
Clev & Pitts RR Co
60
114%
*113
34%
*28
*105%
Clev Graph Bronze
106
Dec
49
48% Feb
pfd
No par
Co (The)
1
Clev El Ilium $4.50
:
Dec
59% Jan 11
113% Mar 15
100
preferred
180
*57%.
Mar
Jun
66
37 y2
117% Feb
No par
No par
1,000
*102
Mar 21
Jan
19% Jan
41% Mar 15
Corp
70
,
6
„
5%
18%
53%
53%
21
29
50
106
105%
114%
18%
*30
56%
*163
*1300
50
49%
18%
31
111%
70
=WRSic»
57
168
195
*193
195
21
*30%
*111
70
*69
16
6% Apr
2;j
Ice & Fuel
76% Feb
37% Jan
19
City Investing Co
5%% preferred—
100
City Stores
5
Clark Equipment
—No par
O. C. C. & St. Louis Ry. Co
100
108
106
37
300
198
*105
112
111%
*192
108
162
6,800
68%
*66%
108
*105
6036%
40
198
*102"
18%
*33
32%
*192
70%
680
32% " 35
68
112
95
105
94%
*104
105
*661/2
*106%
*190
'
106
*113
113
113
•103
32%
66%
106
*57%
*1300
53%
53%
*52%
102%
32%
107
56
50
106
106%
*106
City
107
36%
65
49%
C
1,500
*102
60'
162
*1300
50
*49%
7,300
32%
4
49 y2
20% Feb 26
pfd 4Vo series—100
I T Financial Corp
No par
56%
54
t per share
25% Jan
59
Cinn G & E Co
32 V*
106
*57%
65
193
64%
64%
64%
*1300
70%
Chrysler
55%
107% 108
162
*190
196
♦193
111%
70%
*102
.
56%
56
*158
111%
70%
8,300
135
116
94%
93%
108
*105
132%
Co
Copper Co
Chile
48
*461%
Chicago Yellow.Cab
Chickasha Cotton Oil
tChllds
33
*32%
33
93%
800
13,400
9
56%
56%
58%'
198
*192
108
111
60,
36%
36%
;
162
•158,
106
v
*65%
198
*105
106% 106%
*106% -107
♦102
32
66
*192
70
70
,
102%
32
65%
111%
71
*69
93%
102%.
30%
108
*111%
93%
102%
.
66%
-198
*192
*32%
33
"
*64%
67
56%
58%
2,000
21 %
*113%
116
conv
pf ($2.50) cum div
Feb 26
17
50
par
par
par
par
—10
No par
preferred
$3
Pr
43% Jan
Mar 13
69% Jan
—No
No
No
No
Tool
670
24
21
Chicago Pneumat
Highest
$ per share
25
_„_100
preferred wi
5%
37
Northwest'n w i—No par
Chicago &
Year 1945
Lowest
9per share
share
9 per
Par
300
61
61
49
*113%
116
32%
56%
*56
133%
132%
136 "'
135
*113%
116
*47
,49
.*47
<
136%
32%
104
,
30%
*102%
.
30 %
29%
*64
8%
91/4
9
116
*113%
10,300
5,000
4,400
38
70%
135
135
'
j
37
70
134
49
134%
«
38%
*
Range Since January 1
Highest
Lowest
.
Shares
$per share
share
70%
*47
•47%
the Week
61%
9%
9%
,
t per
YORK STOCK
EXCHANGE
NEW
Sales for
April 13
April 11
,
9 per share
share
$ per
$ per
39 %
v
April 10
\ April 9
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
SALE PRICES
is, i946
35
47
Jan
.
Feb
165
50% Jan
4
9
18% Mar 13
136
Apr
8
73
Jan
106 V*
106
35%
Dev
Oct
Jan
87%
Jan
25
Aug
16
Mar
8
145 y2
Jan
14
25%
Jan
25j"
59% Dec
112
124
52 V'2
111
42
29
102
99%
Dec
29%
Apr
51
28 *
Jan
56
146% Feb
5
122%
Apr
76% Feb
15
59%
Jan
Mar
9
Mar
5% Aug
2
12% Fob
4
Apr 11
129% Jan 30
34% Feb
2
134
Mar 18
32% Mar 13
43
Jan 29
25%
Apr
22
18%
118
Jan
Sep
Dec
Nov
Nov
Nov
Nov
Dec
Dec
X150
Sep
51% Nov
43% Apr 12
X61
Apr 12
Jan 24
>26
106
17
7% Jan
Jan
28% Mar
Nov
Sep
Dec
Oct
Oct
751/2 Oct
24 y2
154
9
30 ya
125
Nov
Oct
Oct
37% Dec
),i
27%
27%
27
27%
25%
25%
*111%
112%
*111%
65%
65%
65%
112%
65%
50%
26
26
27%
27%
25%
25%
*1113/4 112%
66
66%
51
50
39%
39%
39%
40%
*403^
37%
38
37%
37%
38
45%
44%
44%
>
50%
44%
50
44%
50%
40%
38
443/4
27%
27%
27%
26%
112%
66%
26%
*111%
66%
50%
50%
26
66
50
.
For
footnotes
Delaware
&
Delaware
Lack
Detroit
*75
80
34%
34
33%
50%
50
50'
47
48
47%
Hi:
30%
31
30%
30%
30 y8
29%"
*75
80
34
34%
50%
48
3.300
11.500
50
page
Deisel-Wemmer-Gilbert
13.500
34
see
1.400
27%
49%
4f7%
333/4
1.700
38%
45%
12%
12%
27%
34%
40%
12%
12%
27%
34
"
49
*48%
29%
il
49
*75
..
V
-
30%
,
/
w
*48% .49
29%
30%
Preferred
Hudson
Edison
3.700
Devoe
1.300
Diamond
700
4.000
v'««
&
Raynolds
27 V4
Dec
4
16%
Jan
111
Jan
7
108%
Sep
45
33'
Jan
113
Mar
1
Jan
2
68% Mar 25
par*
42% Jan
5
52
37 V2 Jan
10
Apr
4i
39% Mar
11
40% Feb
5
34%
Aug
4
38% Apr
22
Aug
30% Jan
11
50 y2 Jan 29
41V2 Mar 15
A ,nfew
50
12% Mar
4
16 V4 Jan
16
25
Jan
3
27% Apr
6
75
Jan
14
28
Jan
3
40% Jan
3
100
12.50
Match—
partlr
»>H..Hi .
4
19
20
-
-——No par
preferred—
...25
Otnmohd T Motor Car Co
2028.
Feb
28% Feb
.100
Western
&
Detroit Hillsdale Sr 8 W RR Co
80
33%
-.49
29
Feb
f
—No
27%
45 y4
12%
27%
Feb 26
24
100
Inc—
Co—
12%
27%
45
13Va
,50
47%
30%: 30%
St
38%
45%
27%
49%
Records
Deere
40%
12%
34%
Decca
6.700
38%
46%
275/8
*4*%
1.600
50%
40%
12%
80
65%
50
38%
27%
*75
65
40
12%
23
1
.20
66%
50%
.
5
Davega Stores Corp, N Y
Chemical Corp (The)
Dayton Pow & Li 4%% pfd
Davison
38%
45%
27%
80
1.500
2.600
40%
12%
*75
,
38
27%
80
•
40%
12%
:
26%
26%
26%
26%
*111% 112%
26%
*111% 112%
27%
Y*75.
27%
jj
43% Jan
27
15
Mar 13
77
Jan
7% Mar
21
Jan
Jan
Feb 25
67
28
4
25%
Dec
33
Aug
35% Jan
>
34 y4
50% Apr
49% Feb
4
.40%
Jan
34% Jan
14
16%
Jan
28
28
114
49%
Dec
Dec
Dec
Nov
471/2 May
40 Va
33 %
571/2
16%
251/2
75
291/2
45%
48
35
Dec
Dec
Jun
J»n
Dec
Sep
Dec
Nov
Nov
Dec
Number 4481
163
Volume
2021
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW
$ per share
f per share
April (>
share.
93 %
94 %
1073A
*105%
HIGH SALE
Tuesday
April 9
Saturday
$ per
AND
Monday
April 8
92
Wednesday
Thursday
April 11
April 10
'
$ per share
$ per share
57
93%
91%
92%
*105%
108%
*1053/4
108%
108%
*106
108
49%
48
49
48%
48%
48
55%
50
57%
49
48%
48%
55%
56
56%
57%
57
56
56
41
56%
423A
43%
57%
92%
93%
*106
93%
93%
Corp-Seagr'a Ltdpreferred
4,000
Distil
1,300
94%
*105%
5%
Class
600
41
40%
40%
42
43
43
303/4
31%
43%
Dr.
31%
423/4
1.100
31%
31%
31%
303/4
31'A
24%
243/4
30%
303/a
3,500
24%
24%
24%
24%
24 %
24%
97%
96 %
23%
Dome Mines Ltd-
96
9,500
96%
24%
95%
96%
174
174%
174%
174%
1743/4
177%
116%
*114%
115%
*114%
115%
*114%
28%
27%
174%
174%'
115
*114%
27%
27
26%
27%
273/4
*114
116
*114
116
95%
28%
*114
97
273/4
116
*114
953/4
177
116
96%
953/4
5.400
*176
115 %
2,700
Dow Chemical Co
114%
200
114%
28
52
Mar 28
40% Apr
6
48
25
3
313/4 Apr
3
90% Jan 21
293/4 Feb
33A%
32%
32
32
32
33%
333/4
34%
33%
35
26%
Dunhlll
36%
353/4
4,900
37%
37
37
37%
36 3A
373/a
37
37
37%
37%
1.200
1053/4
205
206
205%
129
128
204
206
128%
206
204
128%
203
128%
*114% 115%
.*114%
II53/4
22%
22%
22%
223/4
122%
122%
*128
205 %
205%
129
X129
115
*128
116
114
115
116
116
128
II43/4
*113%
233/a
127 %
115
*1133A
22%
128
700
-
-
114%
130
23%
4.000
121
115
38%
38%
4.800
50
Deo
Mar
56
Deo
29%
Oct
22% Jan
29%
Nov
Mar
100%
Dec
Dec
18
4
6
Jan
65
>
1813/4 Apr
4
122%
Jan
167%
116% Feb
7
110%
Jan
115
i
116
114
;
Oct
.
Apr
Dec
Jun
113
Deo
30%
Dec
34'A
Mar
Dec
Jan
Oct
192%
208 v
Apr
155
132.
Jan
125%
Jan
129
Feb
113
Oct
117
Mar
13
Jan
12
8
116% Feb
5
12
Jan
12
«
33%
20% Aug
383/4 Jan 28
181% Feb 26
137% Apr
27:'
111%
36% Apr 12
2
Jan
30
17
Apr 12
333A Jan
23% Mar 14
,100
Internationa!
Mar
109
47
6
Mar 19
108% Mar 25
108'A Feb
8
24% Mar 12
-No par
Du P de Nemours (E I) it Co
20
$4.50 preferred—.
No par
Duquesne Light 0% 1st pfd
100
5.900
108
conv
Dec
98 *
,
Jan
113%, Mar 12
Duplan Corp-
*114
5
143% Feb 26
50c
preferred
100
32%
*36%
Jan
23 3A Apr
Jan
Sper share
17% Mar
57% Apr
—No par
14 preferred series A
Dresser Industries
10.800
28
27%
50'A Apr
No par
common.-No par
Douglas Aircraft-
178%
94 %
178%
Co
Pepper
Feb 26
No par
8
No par
Doehler-Jarvls Corp
24%
303/,
31
24%
38
105
109% Feb
39
Highest
$ per share
Jan 29
5
103
Feb 25
105% Mar 15
No par
A
40%
115
$ per share
83
No par
100
No par
Dixie Cup Co common--
108%
94%
Highest
t per share
Par
Shares
$ per share
Year 1945
Lowest
Lowest
EXCHANGE
the Week
April 12
Range Since January 1
NEW YORK STOCK
Sales for
Friday
*48%
50
Ranee for Previous
STOCKS
PRICES
i
E
38
*251
,
39
„
.
254
,
r
61%
61
1%
39%
253
123
254
'
223/4
;
,
s'
261 :
f
40
40
40
*110
112
40%
62%
1%
40
40
'
.
J
40%
*110
257
*201
205
2
383/4
113
1.400
38%
60
110
110
x41
5,300
43%
■
*112%
114
*112%
12
12%
12
73%
73%
74
33%
34%
114
12%
•
32
6%
6%
.
25%
26
76
25%
169
169%
168
154%
154%
253/4'-
253/a:
26
169
*168
155%
155%
*153
54
54
54
75 :
74%
32
6%
25,3/4
167%
*153
155%
-
24%
155%
54
-
Electric
63A
26,200
25 %
23.400
Electric Power Ss Light-
243/4
167
170
154
155%
54
2.000
Boat
1,100
54
54%
54%
55
4,700
El Paso Natural Gas
24%
24'A
24 3A
24
24'A
7.200
Emerson Electric
32%
33
35%
34%
35%
34
34 %
33
33 %
32%
33
5.200
Mfg Co
Emerson Radio & Phonograph
Endlcott
86%
87%
106
39%
106
40%
39%
*101%
103
90
41
41
102 3/4
102%
*105
108
108
108
107%
107%
'4%
3%
40%
41%
102%
103
1033/4
*1023/8
108
104
105
105%
107
17%
17%
163/4
17%
163A
17%
17%
77%
77%
77
77%
77%
77%
78
78
*92
94
94
*92
*92
94
*92
18%
3%
4
*173/4
94
.
105
105
106
370
370
106
*105'A
107
20,800
220
107
Johnson Corp.
preferred
Engineers Publle Service
$5 preferred
$5% preferred-
17
17'/a
17%
77%
79>A
*92
tEquitable
17%
24.400
2,000
*92
94
18
19'
18'A
183/4
18%
18%
4.500
Eureka Williams Corp-—
29
29%
30
30%
30'/a
31%
315/8
323/4
6.300
Evans
53%
53%
53%
53%
53%
543A
53
53
53
53 %
1.800
Ex-Cell-0
10%
10%
10%
10%
10 y8
103/a
*9%
10 %
*93/4
10%
3,300
Exchange Buffet Corp
18
28%
53%
28%
53%
*9%
10%
-
Products
Co.
Corp
Dec
4Va Aug
;7aA
Dec
2
37/e
Jan
65% NOV
11
34% Mar
:48%/Oer
2
,75
Jan
i043A Apr
4
6
9,
20% Mar
Apr
1
111
Jan
24
103
32
Feb
25
9
16
102
% Apr
9
29%
21% Aug
Feb
90
Jan
41% Apr
11
105 % Jan 31
37
100%
Jan
100%
Sep
Dec
100
Jan
8
Mar
Deo
107% Dec
Sep
v
Jan
27% Dec
81
/.Mar
62
106% Jan 15
110
104% Apr
Dec
43% Aug
37 Va
July
July
108
July
109
6
101
Sep
3% Jan
2
53/4 Jan 30
1
May
16% Apr
1
3
23% Jan 28
12%
Jan
17
Jan 29
68%
Jan
86
Jun
Dec
86
Jan
92
Nov.
77
100
50
-5
—8
3
Erie <fe Pitts RR Co
94
18%
18%
24%
146
No par
29
18%
28%
Dec,
Jan
14
30% Feb
No par
-
Dec
Dec
Jan
No par
5% pref series A
42*% Jan
71
5
—1
Erie RR common;
793/4
/ Dec
55
24
No par
No par
Bldg
Office
19.200
4
13
39%
46% Jan
100
$6 preferred—
4]/a
79%
4 »/3
112
8% May
Jan
,22% Mar 15
-4
5
.50
4%
Aug
Jan
'
3%
3%
17%
33/4
360
102 3/8
v
105
107
107
1.100
1053/4
40%
89
106
40%
104 %
107%
*107
4
89%
105%
40%
90
105%
40%
107
107
41%
102%
108
*107
4
106
*88
90
90-
90
106
893/4.
106
July
103
137
3
—
Sep
24
106
109
Mar
24%
109% .Dec
104
9
158
53
Oct
66%
8
18
172% Mar
3
24
Jun
200-
55% Jan
3
54
Jan
49% Mar 13
7
Jan
23%
Jan
49
19% Deo
158
Dec
17% Jan
533/8
185
/Dec
35% Rov
pec
229
July
26% Jan 28
148% Jan
24
170
5
7% Jan 24'
No par
53%
24% Deo
134
18% Jan
353/4 Apr
—No par
No par
Battery.—No par
23%
86%
:3
67 % Jan
193/4 Jan 21
'
—
52%
54
,
$7 preferred——
$6 preferred
Electric Storage
500
4
Mar
33
Apr
8
41% Mar 26
261
Apr
9
205Apr
5
71 /.Feb
2
2% Mar 27
40'A Apr 10
111.
Mar 14
X43% Apr 12
114
Feb 25
16% Jan 28
80% Feb
5
5% Mar 14
24
106
9
xlll'/s Apr 12
11 : Jan
3
3
;
52%
*32
Feb
Elec it Mus Ind Am shares-
155%
533/4
54
.2,100
15.900
23%.
54-
3
108% Jan 11
5
52%
54
3
Apr
28
100
1
—S
preferred
Elastic Stop Nut Co
Electric Auto-Lite (The)
533/4
54%
54
8
1
100
preferred
4% %
32%
167
*153
4%%
73%
6%
10.000
,
.
26
?
191
,
Edison Bros Stores Inc com new—1
Ekco Products CO
32
25%
167
168
112
Feb
Jan
;58% Apr
215
—
13%
63A
6%
...
Rights
73%'
32%
25 '
-
169'
-
76
32%
120
Co__
2
30% Jan
39% Jan
125
'98,, Feb 13
V
100.
_4
preferred
13
13%
75
32%
.
•
.
63A
6%
12%
xlll%
6%
,
32% : 33%
6%
..
12%
12%
74%
33%
5%
.
12
;a74%.
,
114
*112%
turn
•
74.700
2%
*38%
112
41
50
•:
yfrQ|iihii'-| JII
y
- r- 1 II V
Eastern Stainless steel Corp
9
-Eastman Kodak Co
..No par
;
22,000V ,Eaton.Manufacturing
63%
r2
*112
112%.
123/8
62%
62%
*110
40
403/4
112
257
203
383A
112
40
253
1
61%
rl3A
.
2.600
24% Jan 18
19% Feb 26
1Q
Co
Eagle-Picher
■
3,100
256%
2%
40%
39
Ir
203
.
v..
6i3A
123
38%
'
22%.
233/a
121%
.
161:
-*200% 203
2
111
38%
.v.
38%Vi»;>
261 f-
-•
»
62%
1%
124
:
38%
;
200 n 200 h-
.60%.
122
.
38%
38%
61
39%
38%
122%
13/4
111
111.
23
-
203
;
1%
39%
.
38
r
38%
60%
,
1%
*110%
125
123;
37%
252
*200
203
*200
22%
Apr
111% Mar
Jan
93
95
93% Mar 15
v,
4% Nov
20%
16% Mar 21
23% Jan
29
11% Jan
20 %
Dec
23% Jan
3
323/4 Apr
283/a
Dec
63% Jan
12
15
15%
45% Mar 14
42% Jan
2.50
8% Jan
9
61% Jan
3
75
62% Nov
9%
Jan
6
10% Jan 28
No par
Jan
Dec
F
74'/8
74%
74%
74%
75
75
301/4
30%
29%
30%
293/4
29%
29%
74
73%
73%
1.200
29%
293/8
293/8
1.800
Fajardo Bug Co of Pr Rico
_20
Farnsworth Televis'n & Rad Corp.l
27 s/8 Mar 13
363A Feb
29%
14% Mar 13
193/4 Jan
9
13
21% Mar 14
26% Jan
10
16%
111%
15%
16%
16%
16%
15%
16%
24%
24%
24%
24%
24
24
*
114
15%
8,600
23%
500
113%
10
15%
153/4
15%
*23%
*93
24
111 %
114
*111%
1133/a
*111%
113%
1113/4
1113/4
*111%
Federal Light &
Traction—
500
700
Federal-Mogul Corp
112 % Feb
Mar
543/4 Feb
7
253A Jan
42%
Dec
Oct
Dec
11
23% Jan
32%
NOV
18
Dec
13.
483/4
*473/4
*473/4
48%
47%
473/4
47%
47%
*47%
48
34
34%
34%
*33%
34
34% Apr
*33%
34%
4
26
33%
34%
Feb
33%
—2
—3
41% Jan
49
32%
163/4
16%
16%
16%
16%
16 %
17%
8.400
Federal Motor Truck
No par
26
16%
16%
14% Feb
16%
70
70%
70%'
70%
703A
72 %
71%
72
x70%
71%
70
71
5.300
Federated Dept Stores
50% Feb
*106%
107%
106%
107%
*105%
106%
106%
106%
106%
No par
100
104
18% Jan 14
16%
31
31%
31%
31%
32
32%
32
32%
30%
32%
64
64%
643/4
64 3A
65
65
65
83
833/e
82%
83%
82%
823/4
108 %
1081/4
*108
*63%
65%
40%
113
53 '■
*108 5/8
64
64
623/4
63%
41%
42%
41%~ *42%
*113
113%
*113%:ll3%
42%
41%
:
113
i'
110
110
108%
65%
42!
40%
113 ■'$ 113%
113%
113
108%
108%
108%
V /"
fU
62
62
Fidel Phen Fire Ins N Y
3,500
Firestone Tire & Rubber
300
108%
*63%
700
65
f'42 3/g
43%
24.800
30
53%
53%
54
54
54%
54%-
54%
^■54."
19%
193/4
19%
193/4
19%
19%
19%'
19%
H
19 %
49
49
1,400
54
19%
18.600
4%% preferred
National Stores.,
Flintkote Co
(The)
Florida
49%
45%
45%
49%
49%
*48%
%
49%
49%
51
1.200
Fiorsneim snoe class a
173A
173/4
173/a
17%
17
17%
17 »A
17%
17%
17 %
171/a
17%
1.800
94
95
93%
93%
93%
93%
93%
94
91
92
*91
58
58
59
59%
593/4
61
60%
63
63
65
62
92
95
92
93%
94
47
47
46
463/4
263/4
*90%
46
92%
'
27
91
46
46
27
33
46%
*26%
27
32%
33%
146
91
156
33
156
46
47
32%
33%
142
93%
*26%
263A
*26%
33%
*146
93%
*150
156
263/4
*26%
323/4
31%
156
56%
57
57%
57%
59
583A
59
59
42%
43%
42%
42%
43
44%
43%
LOW
AND
Tuesday
April 0
$ per share
f per share
$ per share
13
13%
13
13
10%
10%
10%
10%
*20%
20%
20%
20%
25
25%
25%
25%
24%
24%
24%
25
.
20%
1,900
31%
10
170
593A
1.600
43%
43
10.100
21
April 12
iw
123/4
10%
10%
*12 3A
13
10J/4
20%
21
25
16.300
1.500
203A
20%
20%
20%
2.300
13
10%
.
10%
.
24%
243/4
24%
24%
700
25%
'
25%
253/s
26%
20.800
76%
80
253/4
*243/8
263/8
253/4
26%
773/4
79
*76%
15%
,14% .'14%,
-
.
"
*73%
25
-
*60%
74%
74
74
75%
76
15%
15
15
15%
15
15%
60%
JB2
59
59
*115
120
19%
*105%
69%
14%
195
19%
108
23%
14%
44%
150
*180
193/4
1053/a
108
69
68%
13%
14%
14%
*194
197
>194
*115
19%
*1053/8
109
603/4
60%
122
193/4
109
69%
69
69
143/a
13
13%
194
197
194
24
15
44%
24%
24%
243A
24%
26»/4
15
,233/4
153/a
15%
163/8
14
16%
36
,.
*115
19%
109
*106%
69%
69%
1.800
13%
13%
12,000
13%
13%
26%
27%
14
53
47%
48 '
48%
11.700
473A
48
149
182
182
180
184%
7,500
383/4
110
180
28,900
49%
48%
49%
1.040
150
37%
37%
483/a
*131%
47
*46%
132
116%
*131%
119
73%
128%
74%
74%
129
128
128%
128%
26
26%
37%
74%
733/4
26
36%
5%
5%
5 3/4
22%
22%
22 %.
22%
22%
45
44%.
44%
45%
453A
'150
152
5%
*150
/
9%
9%
9%
30%
303/4
30%
For footnotes
see
152
9%
*150
9%
31
31
page
,
2028.
93A
32%
132
120
119
>117%
119
118%
118%
600
75%
1283/4
128%
25%
25%
76
*128%
129
1,200
253A
26
3,700
3,300
253A
39'A
38%
39
6
21%
22%.
45
45
129
5%
6
21%
l22
*44%
44%
,
*150
9
152
93/8
152
"150
9%
8%
'
32%
33
32
33
38,100
75%
75%
76%
6
6
152.
132
383A
22%
45
37%
132
25%
383A
37
473A
47%
483/4
5,700
1,700
54
53%
54%
53%
47%
"131%
128%
26
37%
5%
54
47%
132
75%
128 3A
26
119
76 3A
253/4
—.
47
47%
132
*117'A
132
116%
533/4
533A
131%
132
116%
116
53%
53%
47
Gaylord Container Corp
5%<#> conv preferred
Gen Amer Investors
$4.50 preferred
Gen Amer Transportation
General Baking—
$8 preferred—
General Cable Corp
150%
"180
(Robert)
preferred
Gamewell Co (The)
Gardner-Denver Co
$3 preferred —
Gar Wood Industries Inc
}
4%% conv preferred
20.000
46
53
,
26
Feb
42
115'-.-Jan
2 '
Jan
383A Dec
107
July
111% Nov
16%
10
6
Apr 12
51
Jan
11
2
21% Feb
67% Jan
4
95
26
49% Jan
0
2
65
26
95,
37% Feb
Apr
Apr
Feb
26
28k Feb
353/4 Jan
156
Apr
60% Apr
34% Jan
4
45% Jan
26
% Jan
27
2
Jan
142
Jan
47
19
.
,
39%
39
4,300
6
5%
21%
22%
68,900
45
45%
1,000
10
150 r.; 150
8%
32 /
,
9%
32%
,
,
18,600
5,900
Class A
7%
Cum
preferred
General Cigar Inc
7%
prelerred
General Electric Co.
Feb
Pec
13'/a Dec
75
Jun
15% Jan
35%
Dec
59% Aug
80% Jun
47%
29
33% Jan
72% Feb
18% Dec
44
6% Mar
6
11
9
17
9
28
11
11
Apr
Dec
30%
16
Oct
53
4i: Jan
11% Jan
41
110% Mar
60
Oct
Jan
19% Apr
3
Dec
Nov
Mar
Apr
54% Apr
26
16% Jan
18
63 %
70%
Jan
53%
105%
42%
23%
Jan
25
Jan
44%
25
Jan
43% t>ec
14
Apr
27
Dec
Dec
118
Mar
148
May
34
Jan
51% Nov
35
Dec
36
Dec
Range for Previous
Year 1945
$ per share
3
8% Feb
26
Jan
2
21
Feb
27
26
22
Ao par
No par
—
15 Vt Feb
10% Jan
19
71
20
,
12% Jan
,
5.
Jan
Jan
85
Mar 23
54% Jan
1
6%
3
.
*
Jan
12%
Dec
4%
16
Jan
103A
Dec
16
2
19% Nov
k Jan
Apr
2934
Nov
163/4 Mar
283/4
86 h
Dec
14%
15
293A Jan 29
223A Mar 13
$ per share
tper share
11% Jan 29
Apr
Highest
Lowest
Highest
I per share
-1
X
20
6%
14%
'
52%
25
34 % Feb
Lowest
Gabriel Co (The) common
General Bronze Corp
149
49%
54% Feb
7
6
109% Jan 17
65 % Apr
5
43% Apr 12
Range Since January 1
Galr Co Inc
90
51
483/a
50
Par
12.100
37
49%
Feb
YORK STOCK
23
151
37%
70
3
EXCHANGE
13%
143/a
353/4
NEW
197
46
182
9
Jan
—10
,.X
Co
27
>
36
48%
Freenort Sulphur
Fruehauf Trailer Co new
197
197
197
150
36
10.400
193/8
69
48
182
30
109
151
483/4
3,300
69
47
182
48%
600
*106
150
37%
363/4
9.300
t
119
19%
193/8
,
593/4
58%
59
120
710
60
60
60
60
58%
*115
im. ,.14%
47%
180
483/4
77%
150 %
45
150%
182
48%
19%
19%
'60%
59%
60%
118%
68%
150
35 %
593A
118%
>105%
14%
61% /•
60
19%
69%
195
*60%
60%
*
'
120
58 3/4
*116
"14%
Jan
prior preferred—
Shares
$ per share
$ per share
13
lu~,4.
21% July
110'A Jan
10
—$9
Francisco Sugar Co—
No par
F'k'n Simon ft Co Inc 7% pfd—100
Sales for
the Week
Friday
April 11
io%
13%
*24%
3,100
27
6%
Feb 16
103
STOCKS
tper share
13
46'/a
*58%
Thursday
Wednesday
April 10
i,U%
1,900
SALE PRICES
HIGH
Monday
April 8
April 6
94%
Food Machinery Corp
Foster-Vfhegler Corp—.
31%
44%
Saturday
Food Fair Stores Inc
250
34
—10
100
_1
10
preferred
5.900
643A
*156
60%
42%
conv
263A
32
42
5%
Mar 14
—No par
46 Vb
156 V 156 "
56%
410
93
28
7%
Follansbee Steel Corp-
*45
7
No -oar
Power Corp.
Nov
4
Feb
107% Mar 20
No parv
preferred
Florence Stove Oo:
Apr
343/8
Apr
4
No par
$4
107%
73
108
No par
com
Jan
26
Mar 14
83% Apr
Dec
28% Jan
59%
61
-1,0
25
100
First
Jan
x66
Corp
1.000
9%
105
<
Ferro
,113% 113%
*
Enamel
preferred
1.800
53%
53 Va
19% '19%
■
110
65%
41
81
82
conv
64
813/4
*63%
83%
64
81
64%
83%
4%%
31
30%
64
130
106%
Dec
26 V4
110%
16%
107
20%
Jan
17
32%
107
36% Nov
123A Mar
*47 aA
26
65
Jan
2
110% Jan
No par
$6 preferred
Federal Mln & Smelt Co
5
Jan
25%
74
29%
253/a
16
*24%
Nov
42'A
Jan 28
74%
*73
Fairbanks Morse ft Oo
66%
28
,7%
51%
16% Feb 18 /
18'
653/s Feb
•
Feb
Jan
,14%
S
Dec
Dec
158- .£
Dec
40%
1
Nov
Nov
—50
<—,5
35% Jan
4
60% Apr
9
23
Jan
Jan
8
118 % Apr
9
58
Jan
80%
Dec
—50
1
17% Feb
26
5
12%
Jan
24'A
Dec
100
107% Feb
5
19% Apr
108
Jan
14
104 3A
Apr
109%
5
5
60
12% Feb
26
No par
0
No par
No par
100
No par
182
Jan
28
198
22
Apr
2
28
78
Jan
61%
Dec
6
83A
Jan
14%
Dec
Apr
4
12
16% Apr
9
51
Apr 10
160%
Jan
185%
Apr
17%
Jan
27%
Dec
15
Deo
11% Feb
26
3
Jan
2
152% Jan
383/4 Apr
49
•:
Mar
19 /
Jan
1143/4
Jan
6
8
Mar 13
12
31
Dec
'
38% Nov
145%
Oct
27 % Mar
36//., Oct
Oct
May
153
172;
171
Jan
2
182
Feb
26
52
Apr
Feb
8
45
8
37%
Jan
49%
Sep
49% Feb
20
56% Feb
6
40
Feb
56
Nov
43
Feb
20
51
Feb
4
130
100
Feb
4
135% Jan
8
No par
No par
No par
preferred
100
3%% conv preferred
——100
General Motors Corp
10
$5 preferred
No par
Gen Outdoor Adv common—No par
Gen Precision Equip Corp.
No par
Gen Public Service
10c
Gen Public Utilities Corp
5
Gen Raiiway Signal:
Nu par ;
6% preferred
Gen Realty & Utilities
10c ,
General Refractories
—No par
3
333/4 Jan
139
Dec
Apr
143/4 Apr
70
Feb 26
General Foods Corp
General Mills common
5%
115% Mar
70% Feb
X128
20
Jan
,
.
2
43/4 Feb
18% Mar
"V
38 %
132
4
Mar
Mar
261
4
4
62
Feb
52% Aug
Aug
134
Oct
123
Jan
Mar
Dec
77% Dec
125,: May
5
130
Mar
10
Jan
23
Deo
40% Jan
14
22%
Jan
36%
Dec
73/, Jan
15
1%
Jan
/ 28%
Jan
: 123
Feb
263/s Mar 26
,
7%- Deo
22% Apr
47% Jan
150
142% Feb
27
> 7% Jan
3
11% Feb
Mar 13
333/4 Jan
: 261%
1143/4
14
803/sJan 30
26
33% Mar 13
Jan
123
29
43% Aug
127
v
Apr
.
3%
21
Jan
Jan
46 y$
Dec
Oct
8% Deo
140
34
Dec
f"
Monday, April 15,1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2022
I
1'iitifnTigln
Saturday
April 8
$ per share
S
pet share
39
119%
*44
42%
44%
*168
110%
44%
38%
39%
62
*105
62%
43%
55
105%
44%
6%
6%
149%
43%
*145%
41
87%
103%
86
76%
6%
76-?■
111%
*111%
111%
39%
39%
40%
41
41%
12%
11%
12%
11%
12%
9
9%
*9
42%
-23%
*38%
*108
39%
43
.
22%
'*
9
43
;
23%
39%
108
110
.
9%
i
43
-
110% 111%
39%
»
22%
38 %
11%
110^
19%
19%
183%
19%
59%
32
58
59%
58
58%
184%
182
313/a
73
89%
31%
*62
89%
43%
42%
"43
112%
43
73
90
-
42%
•
18%
31%
*62
89%'
112%
48%
483/4
47%
48
12%
12%
12%
12%
100%
100%
101
100%
-
8%
11%
11%
8%
43%
43%
*106
39
24%
25
24%
713/fi
67%
70%
67%
713/4
67
38%
.5,400
110
Grant
.
19%
59 %
8,500
31%
31
31%
31
73
92
91%
40%
*110%
*62
X92
40%
42%
41%
*110V4
111
111
•
:
.
-
51%
48%
49%
18,800
12
11%
12%
12
12%
•6,900
99
24
24%
100%
24
'4,000
72
72
72
67%
68%
67%
68%
68
37%
37%
37%
37%
37%
*37
38
35
35
35
26%
25%
26
*71
72
68%
•
37%
37
*35%
24 v.
35%
35%
24
27%
*34%
25%
; 113'.
27%
*186
14%
103
3434
25%
/ 1083/4
24%
27%
14
34%
•24%
113
50
14
35%
24%
*108
27
50
*101
„
109%
*156
49%
•
35
24%
113%
*108
*156
*37
35%
.
pi
*113% 116
*108
109%
27%
37
*101
103
119
*114%
117
*108
109%
50
28%
28
*i56
28%
'6,300
27%
14%
14%
14%
14%
14%
*101%
14%
12%
12%
12%
12%
12%
148%
148%
149%
149*%
150
39%
39%
*383/4
39%
40
*85
*191%
196
34%
*191%
-34%
139%
339%
*137%
85
32%
*35%
86%
142
:
*191%
353/4
32%
142
32%
a
33%
54%
*13%
*1013/4
16%
102%
53%
53%
i3%
13%
12%
12%
150
40
16%
12%
*84
12%
39%
*106
*84
85
191%
*191
193
,35%
142%
35%
36
*141
143
,
*137%
*137% 139
A
6,600
320
191
200
191
36
2,400
143
140%
3*%
34%
85%
142
35%
390
34%
34%
'36%
36
40%
35%
36%
41%
*35
40
40
80
80
36
39
*3S
39
38
81
37%
77
*75
78
78
78
25%
293/4
25%
26
800
29%
29%
48
24.
.60%
30%
30%
*25
25%
*301/4 "30%
49% '49%
25
48
25
*59%.;
r
60%
3i
31
*109%
30%
ilo
48%
%
59%
,a ;89
28%
29%
108%
2934
29%
29%
48%
48
%
49%
48
24
24
*60%
61
23%
60 y.
3o%
30%
30%
108%
*25%
x29
116
llO
90%
91
29
30
90%
29
2«%
28%
50
50%
48
49
91
10
22%
22%
20%
21
2i
39%
39%
39%
40
31%
31%
46%
40%
40%
31%
8%
32%
31%
8%
32%
3i%
10%
22%
40%
31%
8%
8%
8%
8%
8%
8%
9%
April 6
*43
I per share
44
43
35%
36%
43%
33%
74%
*97
73%
73
73%
98
98
98
32
31%
12%
32.
12%
32%
32%
*97
33
*12%
*31
13
32%
19%
48%
.
12%
13
>
32%. 32%
19%
19%
32%
20
48%
*107
43
,
48
47%
*107
108%
.
108%
*134% 137
136%
*175
137
18%
4b %
*167
136
180 V:
,
120%
i2o%
120%
19%
19%
19%
10%
10%
10%
121
19aA
?
136
10%
*175
180
121%
19%
19%
*10%
11%
1?1 '
*48%
.49%
49%
49%
108%
108%
108 Va
16%
16% ,16%
' 2i5
212
215
,95%
95
95%
200%
200Va
200
201%
13%
13%
13
13%
29%
,29% .30
98%' 98%
30
*97
,
9%
9%
39%
98%
*136
..
213%
62
*200
115
*60
62
136
48%
120%
30
.
13%
29%
98%
97%
97%
200%
201"
13%
47%
*198
200
*140% 200
204
136%
49%
122
137
138
48%
*60
*59
46%
*195
62
47%
203%
*140% 2ua,
25%
26%
23
"
47%
*199
*1^2.
62
A
.
5
202%
d&UU
10%
93%
11
.4
Feb
32
Mar 14
105
ft
:Feb
8
10
16
17% Feb
Apr
Mar 13
40
y4 Apr
103% Jan
4
Mar
82
38% Jan
Mar
134% Nov
20% Jan
100% Oct
: 71% ;Apr
103% Dec
*
22% Jan
70
.
1.300
.
;
4
10.000
222
12
82
3
130
Jan
29
72
90
123
138
Dec
32
Dec
81.
241/4 Mar
27
35% Apr 10
37
9
,Jan
15
41% Apr
Apr
6
9
Jan
16
34
Jan
55% Mar 14
271% Jan
3
106% Jan
3
Mar
,Jan 20
62
Jan
.Jan
Jan
25
102
Sep
41% Feb
4
34% Mar 25
10'/« Jan 30
3% Jan
9
12
60% Feb
5
'2
25
4
Feb
26
8% Jan
-
12% Jan 25
Mar 13
3
27
17
Jan
49
121
121%
22%
22%
39
114%
114%
113
60%
47%
60%
•59
47%
202y2 210
*149
200
2R%
?*%
26%
26%
27%
47%
48%
29
29%
45%
29%
45%
29%
45%
28%
29
46
45%
45%
-
,
47%
28%
27%
47
27%
*160
Int Nickel of Canada..
24,800
'
280
5%
34% Dec
Apr
.10%
Jan
;.
International Silver.—..
7 % preferred
107% Jan
9% Jan
3
4.000
2,900
700
1.300
5
54% Jan 14
110
Feb 26
13% Feb 16
20% Feb
2
-
220
Apr
2
Jan
17
98% Jan
7
5
136,
Mar
148
6
6
Feb
5
0
4
50
Apr 5
125% Apr
6
25ya,Jan 29
loo
106'/a Jan
21
115% Jan 28
par
55% Jan
43VaJan
175
Jan
2
•
19% Mar
62
3
Apr
3
49% Jan 30
3
210
Apr
11
31% Feb
"2
31% Feb
2
ioo
22% Mar
22% Mar 13
37
Feb 26
Intertype Corp..
No
6
23% Mar 13
l
40
1
148
Mar
Jan
6
3
.
-
pec
Jun
Dec
19% Dec
165
10%
pec
57
N°y
109% Oct
12%
pec
14%
Dec
100%
Dec
193
Dec
13% Nov
34%
50
Apr
291/4 Apr
461/2 Apr
162
Apr
.
28%
129
.
19%
84%
79
Dec
Dec
39%
Jan
Feb
141
Jan
Jan
123
,
48%
pec
Dec
Pec
Dec
9% Mar
24
Mar
116
Dec
57
Dec
Dec
Dec
Nov
41% July
Feb
39
45%
Jan
175
137% Apr
18% Jan
151
92
18%
Jan
9
19%
Jan
Jan
4
36
Aug
5
145
4
Nov
11%
Jan
Jan
5% Jan
Dec
99
75%
11% Feb
42"% Feb
13
par
Jan
2%
33% Jan 11
39% Mar
No pat
50
74% Mar
178%
Apr 11
14% Jan 28
2
liO%'Mar
No par
109% Mar
140
.
30
Jan
Jun
174
.
.202
35% Mar 15
.
38
II
160% Feb
103
Sep
.104% .Jan
166
Feb
82
-Jan
.11% Mar
8% Jan
37%: Jan
104% Jan
6% Mar
8% Mar
7% Mar 13
.95%
No pat
No par
Island Creek Coal
86 preferred
9
22% Feb 6
11% Jan 26
.
Mar 13
29% Apr
Mar 27
121% Apr
Jan 30
No par
r
*
29
46
175:
86% Mar 15
10
4
Jan 18
144% Jan 14
,9
14
131/4 Jan
92
54%Apr
107/
7
Intern'l Telep &.Teleg
Foreign share Ctfs—
Interstate Dept Stores
57.800
45%
2
6
pec
Dec
Dec
Dec
44
22% Jan 18
2
7
100
.No
'
32% Apr
13
_15
conv
International Salt—
International Shoe.,
100
-
No par
International
.
6.400
*28%
*160
li% jan
Jan
5
37,% Jan
9
16% Jan 28
Mar 22
8
ioo
Paper Co
preferred.
Inter Rys of Cent Am
5% preferred J.
3.100
*
47
98% Apr
8
Jan
.1
Preferred
*
196%
271/4
84
Jan
Jan
72% Jan
18% Jan
'17%, Jan
ioo
...
500
28
47V2
liiterhatibnal Mining COrp:
2.100
23
46%
International Min jk .Chem
4%. preferred^
'
200
48
27%
404Va
47%
/||%Jdari4
—
200
•
&
27%
29% Jan
19% Jan
14
.44;
108■
Int Hydro-Elec Sys class A-..—28
5.300
*212% 225
*153
9
16
I9OV2 Jan
,
48%
62,
43 '/a Apr
85
International Harvester—No
pat
Preferred ——..
_ioo
*
Highest
t per share
45 Va Jan
168% Mar 13
100, Feb 20
J
t per share
21
129%
»9n
&ec
May
9% Dec
34
Mar is
l7%Mar
,
[
36%
Lowest
$ per share
29,
Mar 15
12,% Mar 14
26% Feb 25.
pat;
..
570
'
121% 122
22%
92
RR See ctfs series A.
..*1000.
Terminal RR Coxi—
i_8 •
interchemlcal COfp—a—i..No Jdf
4%% preferred———.
100
fhtercont'l Rubber^
x..No pat
Interiake Iron__^___..—„,.No
pat
22.000
146.
48%
_lO0
,
4.900
k
13%
140
72
8'A Dec
23% Jun
Mar 13
38% Jan
32
.
22.300
39%
140
20
195,
39%
39%
$ per share
Iht Business Mafchines new—No
par
5.900
13
Par
Dec
54
Range for Previous
Year 1945
Range Since January 1
Lowest
Highest
r
109% July
23% Dec
2
Apr
33% Jan
29% Dec
871/2 Nov
Feb
30
18,
pec
Nov
63
Aug
12% Jan
34% Jan
2
Jan
10 ' "Jan
26% Aug
14% Jan
93
3
47% Apr
8% Jan
100
25
.
66% Jan
7
19% Jan
8
25 %
16% Jan
55% Oct
30
111
Jan
42
Nov
Nov
60% Jun
35
17% .Jan
,
14
33
631/4
26% Nov
Jan
17
6
.
32% Dec
23% Jan
41% Jari
11
28% Feb
.33% Nov
Jan
25
July
Nov
138
Feb
Feb
Feb
21% Aug
148% Jan 21
56
800
95%
97%
201% 261%
Jan
Apr
Apr
2
^
189
Aug
39% Dec
115% Dec
Jan
170
9
2
x—
92 % Nov
94
561% Jan 22
'83
Dec
35
143
32% Jan
2
29y2Feb 26
Apr
21% Jan
Dec
14
139
5
135
Jan
2
-25% Feb 26
pat
Dec
16% Dec
6
191 y2 Apr 10
48
Vn
104%
"
31% Feb 26
113% Jan 21
130
Jan 28
28% Feb 20
um.
-
108
2
9
109% Mar 26
00
Jan
2
""821/2 Mar 27
184
Jan 15
29% Dec
Jan
Mar
9%
15% Jap 28
150
DCc
Dec
Jail
165
Apr
43% Dec
14
Nov
Apr
7% Jan
Oct
98
4
.
110%
18% Jan
Oct
106% Jan 24
1
121
Dec
152
2
Jan
27%
x30
16% Jan
i
Jun
39
431/2 Nov
:
54% Apr
2
12% Apr
Apr 1L
,a_—_No pat
^.12.50
Insuradsharfs Ctfs inc
700
200
Dec
30% Jun
82
Jun
61% Dec
Jan
15% Jan
103% Aug
ft
160
19
121
—
Inspiration Cons Copper-
Dec
12% Dec
20%
4
Jan
28% Jan
Mar 15
13% Apr
Industrial Rayon hew.xx^'.
1
84.50 preferred Ax.__x-i.JVo pa*
ingersbll-Randx..—.
No pat
6% preferred^——.-—
160
Inland Steel Co
—No pat
1
*
49
9%
48%
*215
3.900
97%
48%
*166
.
'
551/2
100
Jan
33
HI-
17
102
-
4.100
,
31%
26%
*160
19y8
*16%
119%
19%
Dec
108% Mar
;
,
,
119
26
.13% Jan
Industria ElectriCa be Mex, S A
i
Oct
Dec
x35
114% Mar
58
Jan
.49% Jan
Jan 23
39
10
Potret'.'ft
May
75
86 *
.
Oct
82
12.
26%
_8
thdiahapoli8-
500
8%
26%
28%
139
30%
48
46%
.,
25
com j—No pat
Co—..—
175
Jan
104;% Jan
28% Jan
5% Mar
4
35% Apr
10
.^.1
'
100
*96%
26%
•162
Jan
Feb
23:
Hlinois
4,400
*
9%
26
28%
45%
i8
107%
Fower
Jan
22%
5
68% Apr
.
.5
1
?
2.400
4?%
97%
46=%
28%
.
.
3.100
30%
26%
46%
490
13%
49%
,
32
16%
16%
26%
40%
156:
37
100
Leased lines 4%
10
107% 167%
10% .16%
16%
16%
48%
*28%
■
HllnOls Central Rft Co
loO
.0% preferred series A——100
2.900
16.$%
26 5/s
*162
/
Idaho
-•
300
30%
12%
32%
*48-.
26%
r
-
NEW YORK STOCK
700
8.300
8%
~
5.
Jan
65% Nov
39% Nov
52.% Jan
:
30y4'.Jan 28
78% Jan 28
:
.22: Mar 13
111 % Feb 26
105% Jan 16
160
.—.No
Corp..:
26
_'25
r-"
30%
*96%
126%
122%
23%
114% 114%
,
19%
202
*138%
48%
49
preferred
108
64
5.
13% Jan 25:
,
21% Dec
Jan
161% Mar
10
•44% Apr
ill; Apr
52% Apr
26,
28% Feb 26
Motors—
Shares
12%
30%
23
21%
113
115
'
203
*140%
26%
138
113
47
*97
266
13%
99
97%
9%
21%
47%
29%
201 %
•
126%
218% 220
f-
39%
21 %
473/a
13%
98
9%
49%
123
*58%
16%
39%
48%
122
115
16%
217%
Feb
Apr
25
18
7% ■ AOn-cum preferred—
EXCHANGE
99%
12%
"49
16%
9%
125%
;
49
16%
39%
*136%
21%
19%
10%
16%
9%
50
123
"119%
10%
215
79
92
14
25
—
——
Sales for
*175
•
16%
39%
138
493,4
*113
.39
m
11
200
*97
107
*175
U
Co—
the Week
74
*135% 139
49%
7
£5
25
*
3,500
,
9%
9%
•
32%
19
39%
•
39
32%
107
io&% 108%
Feb
Feb
Jkf
5% ■ non-cum preferred—
100
Hud Hay Mln & Sm Ltd..^.No par
HUdsbh Motor Car.—No par
Hupp Motor Car Corp—
—1
19,200
35%
30%
46%
*10%
*48%
Mar
42
_
13,700
45
35%
*73
12%
19%
120,
121%
19%
19%
97%
*43
99%
12%
11
95%
t per share
74
II
32%
14
'
109% Nov
;
Howe Sound Go—s^.-—
Hudson & Manhattan—^
'
9
Friday
April 13
"
12%
136%
31%
8%
35%
*167%
16%
215
31%
43
35%
31
*175
108%
11%
43
*73
io8 y8
74
.
40
t per share
48
.49%
O1!
18%
8,400
1,200
21%
40%
21%
Jan
KTOrkQ
99%
*107
2,200
9%
.»
Thursday
April 11
74
32?'«
18,700
28%
108%. Jan
No pat
-
36%
1*
•
48
108%
109%
11%
11
22
43%,
35%
19 V*
;
*48'/2
*211
43%
*97
*108%
*11%
16%
9%
21%
*73
,
1: >180
9%
f per share
43%
36%
73%
98
*31
?*175
t per share
36%
36
*73%
?%
LOW AND HIGH SALE PRICES
Tuesday
Wednesday
April»
April 10
Monday
April 8
S per share
9%
900
-
28
301/a Feb
—15
4,000
29 Va
46
34% Jan
172
82.25 preferred
150
Household Finance com.—.^.No par
I 3%% preferred
—106
Houston Light & Power Co.—No par
Houston Oil of Texas f t c—-26
48%
16.
27
1
H'":: *•
wator—-.1
1,600
91%
47%
631/2 Jan
Feb
35% Feb
No
^
Hbiidaiile-Hershey
60
26
30
Mar 22
Dec
Aug
.54% Feb
1
31
91
*9%
Prop—Mo pit
7% Nov
,
14% Jan
3,200
iio
21% Dec
33% Dec
4
Holly Siigar COrp—
flomestake Mining
1,000
33%
18
77
,
Jan
Feb
.65
Nov
Dec
12% Aug
Jan
Feb
(2
cohv
39
Jan
.21
26
84
115
14%
10
186
Oct
Oct
18%
•
8/
112
Holland Furnace (Del)—.
Hollander^ SOnb (A).——
6,000
*
39% Apr
63%
-4%
Mar 29
3
60%
29%
50%
*107
29
26
74%
Jan
8
Hlnde As Dauch Paper Co—
Hires CO (C E) the:
600
-
48%
23%
50
Saturday
3B
,.
25%
90%
'
49%
*35
'25%
593/4
30%
36
25%
,
2a
*108% 110"
89
49%
24%
59%
"•
27% Feb
57% Feb
Hewitt Rubber
1,100
25%
81
25%
.
19
45
70% Apr
•
1,000
78,
36
.12% Jan
4
3
5%
Oct
Nov
105 % Mar
.
107% May
12% Mar
18
30
5
40
July
Apr
...
5,900
-
Feb
Jan
.30% Mar
-
600
142
43
16
.19% Jan
...No pat
Hercules Powder—
..——No pat
5%
preferred /w*—
.100
Hershey» Chocolate..
„No pat
40
.
86
July
3
-21
Hercules
600
t*l38% 138%
86%
86%
140% 142
6% Jan
7%
Apr
48
3
par
_
*86%
: Mar 22
10%, Jan
3
70
36
143
M
102
Mar
10.
Apr
3
113% Jan
Oct
May
165% Jan
Feb
: Jan
Co.
3%% preferred—.—
Heimft (G
J
84
53
6
77
34% Jan
Jan
3
107
3
;22% Jan
Hecht
2,100
.
3%
88% Apr
4
107
39
57
1
147% July
251/a
Dec
104% Dec
Jan
8
Mar
105%
*/2 Jan
10
26
par
Glass
52
5
8% Jan 29
Feb
par
■
25.%
16
111
46
Dec
111% Dec
26'/4 Dec
.
13i/aMar
44% Apr
.58% Jan
68
Jun
151% Jan
3
10% Feb
91% Feb
Hazel-Atlas
310
-
i07%
84
Mar 21
102'A Jan
oorp of Amer class A—
—1
4%% preferred (modified)—100
Hayes Industries Inc
—1
Hayes Mfg Corp—
9
29,100
149%
38%
39%
40
i06Va 108
Mar 25
-Hat
800
17%
148%
150
6
35 % Jan
Harblsoh-Walk Refrac—No pat
*8 % 1 preferred—
100
Hart, Sdhaffner & Mafx
10
102%
*100
17%
4,300
14
4
145
4%. cOftv.: preferred.^—
.100
ftennil 1147thGo iN^rpfliNO/pd^
>
53%
108
196
•
13%
1493/4
.
36
36%
1423/4 1423/4
137% 137'At
88
♦86%
142
142
3J
34%
86%
142,:
17
12%
85
141% 141%
*137% 139 *
139
84%
*141
196
35
153/4
40%
108% 108 y2
106% 108 v
*84%
86ya
86 y8
150-
-27%
*156
.11*
102%
15%
12%
*107'% 108%
28%
54%
14%
*1013/4 102%
45, Feb
56% Feb
-3
:
Jan
17
Printing CO—t
Hamilton Watch Oo.^
;
330
r-
Mar
Apr
38% Dec
.
Nov
108
/Hall
760
108%
*150-
54%
14%
-
117
27%
'
53%
52%
14%
36% Jan
Western
Hackensack
7,900
108
108
Sep
x63
105%
———■=—100
,
•
706
108
•
96
85 preferred—,..—
Gdlf Oil Corp
a—'
600
6,800
:
.
114% 115
'
Mar
105% Jan 25
$5 conv preferred
No
Gulf Mobile & Ohio RR_i;_:-No
.
44% Nov
25% Sep
105
Sep
preferred
::
*36%
90
54
Jan
29% Feb
Guantahamo Sugar common
600
24%
100%
100
68 '
*7li
—
49%
24%
4
12
9
4
Jan
2
39% Feb 26
104
Jan
9
.
1,700
12,700
51%
99%
40 Ye Apr
106% Apr
1
22 '/a Jan
Preferred
.
*
92.
Great
.
170
73
92
107
Sugar——..No pat
*mi
160
Green Bay & West RR-—
100
.Green (H L) Co.Ino—_ —'
—1
Greyhound Corp (The)_.._—No par
,;s.4 % % iP
—1M
Grumman Aircraft Cortl^—
1
3,600
186%
73
*62
43%
*184%
186%
9
Great Northern Ry 8% pld—No par
.
*
*184%
Jan
Co——
Great Nor Iron Ore
5,300
58%
(W T)
3%%
100
19
?4%
243/4
70%
3,200
19
99
25
72
23
*107%
23%
35,700
1,9Q0
2,000
8%
22%
38%
110
22%
39
2,800
11%
83/4
43
43
800
>
41%
58%
40%
11%
101.
*24%
68%
11%
1
'
*71
68
111%
*41
58Va
*iio% v>i/2
101
111%
118
Mar
103
No par
iGoodyear Tire &.ttubb——i-No pat
85. convertible preferred-—No por
; Gotham
Hosiery——.—a
No par
Graham-Fenge Motors.^-—1.—
1
Grahby Consol M 8 « P——-9
.Grand Gnlon Co—
No par
i Gtanite City Steel.-—^-^No par
6,800
18%
41%
12%
.
111%
26
Jan
Dec
*
'27% Aug
4
4
•
110
$5 preferred
200
"
19 %
92
43%
*110%
49
12
:
75%
76
41
41
9
*02
*■"
90%
48%
111%
-
5,300
103%
76 i
58%
58%
31%
31%
184% 184%
■
; 184
*181
73
89%
*110%
31%
182%
75%
110
4,800
85 %
m39%
-
43%
84%
*102%
28
Feb
Apr
tGoebel Brewing Co——^
-1
iGold As Stock Telegraph Co——100
Goodall-Sanford Inc
10
Goodrich Co (B F)
No par
10
31
I331/4 Dec
f
46
..
5,800
43%
87%
233/4
*106
59 %
*62
100
Jan
Mar
49
04.50 preferred a.—:
—No par
iGUdden Co (The)_^——No par
4% % conv preferred—^
50
2,700
-
6%
148
*143
103%
43%
:
6%
6%
44
*102%
12
.
39%
19%
*182
.
Sper share
25% Mar
111
preferred..——^.No par
brothers new
—-No pat
Gimbel
100
19
99
10
26
1Q0
pat
cOnv.
$5
.
7,400
56%
85%
8%
43%
9%
23%
*i06
108
87
-
43%
19
31%
200
44
*55
148
43%
44%
87
*144
.103% 103%
77
75%
111
111 •
42
41%
76%
12
145%
44%
104
*
*39
23%
106
43%
43%
56%
6%
6%
145%
44%
86%
85%
*103
103%
75%
6%
149'
43%
86%
103%
76%
42%
9,900
*105
106
43%
*55
56
109%
39%
39%
106% 106%
61%
60%
5
10
22
36% Feb
108
-^5
4»A% preferred
Gillette Safety Razor—x*xNo
10
*109
40
61%
*105
44
•
4,200
6
Highest
Sper share
;
•37% Feb 26
100
4% % preferred—
--*•
.General Tire & Rubber Co,
i
48
47%
47%
■1,800
11 i%
40
Apr
130% Jan
45'A Apr
Jan 14
36% Mar
Year 1945
Lowest
^
t per share
112% Mar 23
Telephone Corp—,.
20
/Gen Time- Instrument Cotp.-No par
Geherai
7,000
.
pat
•
8 per share
29
.Gen Steel Cast $6 preferred—No
590
45
45
106
59
106
'43%
*55
45
44%'
*108
Par
»
General Shoe Corp—
2,000
-
'
6%
*146%
*110%
.
44%
110
39%
106
63
♦105
44%
57
6%
41
76%
110
40
62
107
149%
87
47%
107
63
43%"
6%
*103
45
110%
44%
-
*55
*145%
41
44
*103
112
39
*106
39%
*105
57
39%
120%
48%
*110
112
107
39%
120%
'
110%
:
39%
39%
....
Shares
r
121% 121%
39%
48
X62%
62%
*55
48%
39%
*106
43%
43%
55
*108
-
*110
107
62%
105%
106
45
the Week
$ per share
t per share
120/ 121%
44%
45%
44%
45
110%
48 %
39%
*106
39%
.
.
43%
45
112
39%
107
42%
48%
*110
$ per share
119%
*108
110%
47%
40
119
45
;
*108
*47%
48%
*110
112
*106
3g3/4
118% 119%
43
J
43
April 11
Range Since January 1
Lowest
Highest
YORK STOCK
;EXCHANGE
NEW
Sates for
Friday
April 12
Thursday
April 10
tper share
39%
119%
43%
April 9
Range for Previous
STOCKS
lOW AN0 HIGH SALE PRICES
Tuesday
1 Wednesday
Monday
April 6
39
NEW YORK STOCK RECORD
hmhhiw
17%
r
Jan
Number 4481
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
IOW
Monday
Saturday
April ft
19%
19 %
19%
162 y2
162%
147%
533/4
113%
147%
55%
55%
112
"110
19%
53%
"112%
1
162%
v
148
"110
"146
1653/4
151
56%
146%
"137
$ per share
112 "
$ per share
19
19%
19
54
54%
"112% 1133/4
165.3/4 167%
109
167%
$ per share
167%
£>6j/2
110
18%
54
"148
57%
"109
"150
103%
103%
139
140
141
46%
47%
57
57%
103/4
%
"138
29%
29%
29%.
29%
30
32%
34%
120
33%
34%
32%
33
"108%
"119
47%
103/4
142
30
"137
"56%
1.900
600
110
45%
103%
103%
103%
140
"135
30 5/a
16.500
•
1.200
500'
.
3C%
30%
18% Feb
3
Apt
10
54% Apr
113% Apr
No par
138
Feb
26
167% Apr
-.100
4.200
153
134 % Mar 12
lava
63
110
Johnson..
&
24% Jan 17
26
46% Jan
109
9
3
9
Apr • 9
$ per share
$ per share
22% Dec
19% Nov
34% Jan
109% Aug
Nov
145
Jan
101
Nov
47
114% May
Dec
137%
118% Aug
5
Apr
58% Jan
14
31
Jan
61
Nov
9
Mar
115% Feb
15
109
Sep
Jan
116
Dec
140,
Mar 20
150
40
Mar 13
90
53% Feb
2
107% Feb ; 6
100% Jan
8
Feb 25
Feb
160
Mar 13
120.
Highest
Lowest
$ per share
100
—
—
$ per share
4% 2nd preferred set A
-.100
Joiiet & Chicago' RR stamped__lOO
Jones & LaughUh Steel—..
No par
5% pref series A—
—100
5% pref series B cony—
..100
Joy Mfg Co—.
Johnson
60*
46%
3%% preferred
;
700
57%
110
46%
142
30%
303/4
164
150
—1
No par
"4% % preferred———
Johns Manville Corp.
310
"150
45%
103%
33
120
57
110
Jacobs (F L) Co———
Jewel Tea Co lnc—
600
110%
"146%
"150
46%
29%
"162
Par
4.900
.
53%
109
164
164
"146% 150
"150
46%
"52
109
Shares
19
18%
54
109
111
57
19%
"52
153
110
$ per share
Year
Range Since January 1
Lowest
Highest
EXCHANGE
the Week
April 12
Range for
NEW YORK STOCK
Sales for
Friday
April 11
19%
54
153
103%
137
Thursday
112%
•45%
141
ctrtrtra
April 10
"102%
104
PRICES
Wednesday
152%
06%
"146
46%
104
SALE
April 9
$ per share
"52%
54
"112% 113%
HIGH
Tuesday
April 8
share
$ per
AND
4
24% Mar 14
31% Jan 10
26
34% Apr
8
122% Jan * 3
32% Jan 29
65
Jan
9
Dec
140
46% Nov
27% Jan
79
Mar
91% Jan
19% Jan
105
Dec
139
Nov
30% May
K
>119
26%
"59
-119
26%
120
-25%
*119
26%
25%
26 %
571/,
57%
33%
1/0
26%
26%
60
58%
59
"40%
41%
41%
x40%
40%
40%
23%
22%
22%
24%
24%
31
25%
30%
30%
30%
30%
"30%
31
24
23%
24%
23%
235/8
24
56%
23%
57%
56%
56"%
56%
39%
39%
"38
41
"62
63%
62
62
63
64
21
21%
94
21%
223/4
22%
23
94
95
96
97
26
41
23%
41%
22%
•
"30%
24
92%
"38%
56%
56%
41%
21
21%
22
22%
24
24%
57
56
56%
56%
56%
593/4
58%
59%
58%
59%
38%
"109%
58
803/4
803/4
82%
"78
81
81,
15%
15
"47%
12%
5%
"60
"78
37%
800
1.900'
(
11.700
"
67
22%"
96
39%
1093/4
38
4.600"
110%
60
42%
25%
41%
42%
403/4
41%
25
25%
25
26
55%
57
55%
55%
56
56%
2.600
58%
59%
58%
59%
58%
58%
3,100
7%
7%
24.600
"57%
58%
77/a
8%
2.600
7%
59
50%
8
57%
50%
51
83%
7%
57
58%
54
86%
83%
-48
81
82
81
81 %
12.50O"
4.300
!*»/„
15%
15%
15/4
15
47%
5%.
47%,
47%
48
48
48%
12%
13%
123/4
12%
13%.
13%
13%--
5%
4%
5:
5%
"60
66
37%
5
"60
37%
66
36%
"58
37%
12%
4%
"55
65
36
36 %
14
14%
13%
14
13%
13%
13
57%
58%
59"
59%
60%
59
60
28%
28%
28%
28%
29%
29%
29%
13%
14
x89%
91
80%
47%
47%
123/4
13
4%
4%
"55
65
36
35%
1,200
28,000
:
36%
22
26%
Jan
'
6
39% Apr
3
58% Mar 13
15% Feb 26
86% Feb 26
Jan
Jan
Jan
124
31%
Dec
Jan
18% Jan
67
Deo
Dec
13
34
6
42
110% Jan
8
6
7
14% Mar
7
26
44
Jan
3
57
44% Jan
3
61% Apr
6% Jan
2
No par
43% Jan
7
107
Mar
•
8% Apr
35% July
12
Apr 10
Apr
14
13%
14
59%
583/4
593/41
283/4
283/4
39%
39%
39%
39%
30%
39%
39
69
69%
69
69%
693/4
70
13"%
13%
13%
13%
14
13%
13%
34%
14%
14% «
13%
34%
95%
"95%
"96
98
207
207
34%'
"343/4
35
97%
"93%
'95%
95%
98%
95%
205%
205%
oa
98:
206%
206%
65
64"
64
75
73%
75
76%
.62
;62
62%
62%
62%
34
34%
383/8
119
36
36%
39%
"61
38 %
31%
>119% 119
34%
"34%
1
35%
95
95%
96
96
96%
95%'
96 %!
205%
205%
64%
64%
61%
65%.
77
77
76
76%
204 %
205
204%
63%
63
63%
34
33
33%
33%
33%
32%
38%
39%
38%
39
37
39
"119
119
119
119
*119
63%'
"623/4
63%
121
35%
36%
353/8
36%
36%
37%
36
36%
353/8
36
39%
38%
39%
39
39%
393/4
40%
40%
41
393/4
79%
79%
79%
793/4
81
803/4
30%
81%
80%
80%
80%
80 %;
30%
303/4
31
30%
31%
30%
31%
30%
30%
30
30%'
29%
29%
197
194%
293/8
29
29%
*195
197
29
29%
*195
197
"195
29%
-
Co——NO par
LkrvIO CArhnnic Corp——No
3%% Preferred
—
100
.
Lone Star Cement
Corp.
No par
Long Bell Lumber A.
in .—NO par
Lorillard (P) Co
L
—10
1% preferred———
-100
Louisville Gas St El A—
No par
3,300!
•
3,500"
i
3,10020
30
30
30%
30%
303/s
30%
30
30% <•
643/4
65%
§5%
663/4
66
66
64%
66
65%
65/a
23%
2,800
23%
23
233/4
23
23%
23%
23%
22%
23
23/a
23%
3,000
LOW AND
Monday
April ft
$ per share
HIGH
Tuesday
SALE
$ per share
1,200:
Louisville & Nashville.—,
Lukens Steel Co——
•
Wednesday
April 10
$ per share
$ per share
—.50
-10
33% Jan
65% Apr 11
88
Jan
8
-
66
■
64
Jan
•
Feb 27
Jan
3
61% Mar 13
17% Jan
35
Jan 14
Thursday
$ per share
YORK
181
13% Dec
33% Dec
Mar
t
/
Dec
84% Dec
Dec
36% Dec
40
NOV
50
60
19% Jan
29% Jan
32% Mar 22
3
42% Deo
15% Jan
18% Jan
160
Jan
23% Jan
52
Mar
13% Aug
Lowest
Par
>
'.
47% Jan
41% Jan
Jan 18
Jan 30
17
6
Jan
Feb
Jan 14
37% Dec
66% Oct
32% Dec
X32ya Nov
190
I
f per share
per share
$ per
Nov
68
Dec
20
Deo
Frevioui
1945
Highest
Lowest
Highest
Dec
31
v
Year
Range Since January 1
Shares
106
Oct
101% Oct
19§
Deo
r
Jan
32
Nov
68
Deo
Range for
STOCK
EXCHANGE
the Week
April 12
$ per share '
.
NEW
Sales for
Friday
April 11
•
19% Jan
25% Aug
50'
Jan
31%
195%
32%
72%
30%
26% Feb 26
28
54% Dec
27% NOV
35% Dec
-
51% Jan
7% Jan
45% Jan 14
41
Apr 11
81% Apr 10
25
186
Feb -13
43% Jan 29
Apr 10
3
Feb
36% Jan
Jan
im Jan
20%
33
Dec
60
119
3
25
17% Jun
5% Dec
2% Mar
35% Jan
Jan
Jan
STOCKS
PRICES
April 9
April 8
•
NO par
.
.
Jan
35% Feb 26
Lockheed Aircraft Corp.
Loews lnc
———•
29,700
Dec
78
Feb 26
116
Oct
Dec
.78
27% Feb 26
■•>*% Jnn
3
Lime Belt Co.
Lion Oil Refining
72
44
28
101-
3
Jan
47
63% Deo
17%
-103% Jan 24
210% Mar 29
68% Mar 13
58
Jan
2
653/8
Saturday
Mar 13
86% Mar 15
194% Jan -4
No par
—No pat
17,800
'
14% Apr 12
37% Jan 81
Mar 13
86-
No par
30%
"30%
.100
preferred
31
Lima Locomotive Wks...
65%
30%
.—.—..25
Series- B—
74% Jan 28
-
3
11% Jan
4
i 5
15
; 9
9
'
12
5
60% Apr
29% Apr
40
Apr ' 5
.
9
Lily Tuflp Cup Corpi—j
196
"194%
•
(
29%'
29%
29%
195
—.3
Liggett & Myers Tobacco—.—..28
3,700
40%
197
Life Savers Corp new—"i
26 % Jan
Apr
38% Apr
15% Apr
,
62% Mar 15
100
79%
35% Apr 11
13'
Apr 10
30% Feb 26
1,100
7,400
"
'
64
3
49% Jan
1,100'
121
1118%
"62%
17% Jan 28
5% Jan 15
1,300'
-
33/a
383/4
48 % Apr t
3
Lerner Stores Corp (new)—NO par
-
76
32%
3
Jan
Dec
Dec
Jan
29% Jan
6% Jan
12
4% Mar'15'
48 V*
39%
Jan
47
39% Jan
Libbey Owens Ford Glass
tibby McNeill 'St Libby—
.1,600'
380,
65%'
38
54%
82
Apr
9
17% Jan 28
26
49% Feb 20
500
.
'
205
65%
"75
91
Feb
-—7
Oct
5
61% Jan
——1
5
36,500'
Jan
Sep
55% Apr
Mar 13
No par
11
Apr 42
7% Dec
Apr
31%
Jan
4
Jan
Lebmanr Corp (The)—*:
Lehn St Fink Prod Corp..
500
343/4
95
96
763/4
—50
37
4,400
-
"
95%
64%
65
"73
34%
34%
"93
par
5,000
39%'
693/4
14%
No
4%
14
9% Jan 24
59
24%
1,600
*
€9%
34%
Co.
preferred —i.
i__ 50
$3 non-cum 1st pfd
No par
50c non-cum 2nd pfd___—_No par
4,000
29%
693/4
13%
Light
(The).
14
8,000
59
...
Gas
Jan
37
4
Dec
Nov
19
96% Dec
40% Dec
112
Mar
35% NOV
17% Oct
*49% Nov
50% Oct
.
Aug
26
42% Apr 10
Nov
67
Jan
8%
Dec
35
72% May
28 "
Aug
9
Jan 15
Apr
Dec
31
5i
38% Jan
97
34% Feb 26
35%
22% Jan
18% Jan
•35% Jan
22% Mar
68% Jan 14
23% Apr 10
'■
38
4
58% Feb '
•
)$
32% Jan
Feb
34% Jan 29
Jan
9
30
2
MaT
31% Dec
Mar
20
117
41% Apr ; 8
27
21% Feb 26
29% Feb 28
65
4,800
"29
39%
"30
Feb
35
12
33% Jari
Non-cum
69
293%
Apr
,
——5
'
38%
"195
24% Mar 13
55
Lehigh Coal & Navigation Co.—-10
Lehigh: Portland Cement.
>—25
Lehigh Valley RR
k»
—50
Lehigh Valley Coal—
No par
5,500
4%i
693/4
11118%
10
No par
No par
Bryant—
Preferred
tee Rubber & Tire—
1,600
48
13
693/4
34
Jan
107% Feb
1
Lane
11,900
•
39%
343/4
Laclede
1,000
15%
15
39%
"373/4
No par
Jt
1
No par
10
..100
—10
Lambert Co
2,800
X80%
63
35%
-
54%
89%
15%
X47%
-
5
54%
82
"80
153/a
' "
55%
88%
80%
7%
58
54
15
57%.
95%
No par
.-—
260
38%
"109%
.100
Kimberly-Clark Corp.—
Kinney (G R) Co$5 prior preferred
Koppers Co Inc.—.
-4%% preferred;
Kresge (S S) Co.—
Kresge Dept Stores...
Kress (S E) St CoKroger Grocery St Bak.
1.500
3.700"
-
preierrted—
Keystonp Steel & Wire Co
100
67
21%
noa-cum,
Kaufman Dept Stores.
—10
Kayser (Julius) & Co new
—5:
Kefsey Hayes Wh'l conv cl A——I
Class B—
,,—1
Kennecott Copper.
No par
500
8,400'
57%
42
"95
109%
80%
38%
"28
56%
*4%
28% Feb
119.
~
66
38
39
110%
41
"38
97
41
8%
57%
41
66%
39
57%
50 %
56%
"38
22%
110
7%
24
96
39
56%
493/4
23%
22%
38%
83/a
24
24
65%
"109%
57%
493/4
31%
98
40
8%
24%;
31
23%
39%
21%
"56%
493/4
24%
31
"40
No par
Kansas City Southern—No pat
700'
24%
—10
Kan City P St L pf ser B
6.900,
-
57
41
66
110%
'
24
22%
39%
•
2t>%
26
55
65%
"96
39%
"58%
%
L
1
41
40%
109%
"06
2u
Kalamazoo Stove & Furn
2,600'
120
"119
53
"30%
57%
38%
39
"56
58
"38%
41
39%
110%
%
•» *
120
*
"56
109%
39-
"
*119
120
$ per share
share
M
"37%
"159
"75
50 %
"110
38%
*37%
»1< n
—
76
75%
51%
50%
111%
*108'%
55
54
29
29
28Y8
16
24%
9%
15%
6%
51%
110
38%
"
57
54
28%
38
76
54%
553/4
*110
56
55%
28%
16%
153/4
24%
24%
24%
243/4.
1,500.
41%
413%
41%
41%
1,200
6%
6%
6%
65/a
6%
6%
63/4
6%
5,900
Maracaibo Oil Exploration
9%
10%
10/a
9%
10%
15%
15%
15%
15%
15%
9%
15%
10
15%
6%
10
*15%
10
15%
523/4
53%
53%
53%
523/4
"112%
116 %
*112%
116%
423/4
41%
41%
41/a
41%
26
26
25%
26%
253/4
26%
25%
253/4
63
64%
64 %
67%
42-
42
42
42
36 Vs
36%
36%
363/4
*15%
53%
116%
62%
.
.
,
r
"201
*201
67%
•
67
112
15
513/4
68
>•
"201
y
66%
-
42%
36 %
36%
41
52%
52
X51%
'
520
*201
68%
7,400
Martin
25
25 %_
3,700
Martin-Parry Corp-—
Masonite Corp.———
25%
673/4
423/4-
42% ■"*'
35%
■
67 5/a
68%
*1103/4
14%
14%
14%
145/a
14%
51
51
52
52
52
52
*115
118
*115
118
*115
118
112
112
36
?
41%
35
*201
.
5,200
68
67%
-
67%
673/4
67%
*1103/4
111%
*1103/4
14%
14%
14%
52%
*115
t
preferred
(Glenn Lf Co—
41%
25%
—
•
4%%
116%
41%
*201
14%
112
Marshall Field ft Co
6,300.
:
*112%
42
116%
67%
67%
42%
*112%
-
900
41%
8,900
35%
—
—•
—
52%
118
*51
*113%
4,100"
67%
111
40
,
^
143/4
4,600
600.
54
118
I
— 5
ICO
—
Marine Midland Corp—
Market St Ry 6% prior pfd
"
1103/4 1103/4
118
52
—
;23,200,
•
68
— —
6,700
16
15%
I53/4
—
-
10%
413/4
"115
2
25
41%
530
*495
530
Master Eleo Co—
6
39
44% Jan
Mar 14
9% Mar 13
15% Mar 30
Feb
25
20
par
20
11% Feb
.
No
par
Jan
Feb
54% Apr
5
112% Mar 25
„
16%
17
Jart
12
112
Jan
Corp.—————J*
—1
Jan
4
28
118
7
50
' Jan 29
9
Mar 26
68% Apr
2
112
Apr 10
16
Jan 15
52% Apr 11
13% Feb 26
48
Feb 26
.—No pat
.
36% Apr
50% Feb 26
108% Jan
6
Apr 12
201
8
25%
Jun
7% May
14.
Jan
24
Jan
3% Jan
'
7%
Dec
11%
Dec
18%
Jan
18% Jan
42%
Dec
Oct
46% Dec
111
Mar
6
109
27%
i
Jan
22% Aug
Jan
34% July
104% Sep
t
8% Jan
40% Jan
60%
38%
"118
60%
603%
603%
39%
38%
39
119%
119%
120
60%
383/4
122
60%
61%
61%
39
39
122
*120
122
39%
61%
38%
*120
613/4
383/4
122
X60 %
383/4
*120
3,200
4,200
61%
•.
393/4
220
122
38
38%
39
39'
40
42
41
42
40
40%
40%
41
41%
42%
42
43
42 3/4
43
43%
433/4
42
43%.
62%
61%
613/4
60
61
61
61
613%
613/4
61
4,200
53%
"105
34%
1363/4
26
26
"106%
"106
"51
54
523/4
108%
*105
26%
26%
26/a
28%
26%
*106%
108
108%
*106
108%
513/4
51
283/4
86
-111%
139%
108
84%
58
35%
138%
26%
28
"49
108
35
34%
1363/4
53%
52
58
112
.
283/4
86
V
*47%
58
111%
51%
29%
87%
51%
58%
112
53%
*105
x34%
X138
29
26%
*107
107%
54
1083/4
34%
138
29 5/a
263/4
108
108
51
52%
29
29%
87
90
*47/a
59
111%
50%
59
112
53%
"105
34%
136%
29%
26%
107%
*106
54
108%
34%
138
29%
27
263%
*106
30
"111%
"29
107%
28%
59
34
134/a
107
52%
89
*105
107%
52
*47%
52
89
50%
59%
113
53%
108%
34
29%
29%
26%
263/4
.
McGraw-Hill Pub Co.—
Mclntyre Porcupine Mines
'
-
3,700
9,800
27%
*106%
107%
50
50
59%
113
30%
4,300
52 3/8
32%
18
preferred ———
100
McQuay-Norris Mfg. Co.———10
Mead Corp———
No par
$S preferred series A.^-.-No par
$5.50 pfd ser B w w
No par
Melville Shoe Corp
-1
Mengel Co (The)
—1
5% conv 1st preferred
50
$4
107%
883/4
—8
McLellan
40
29%
.31% Jan
1,160
108
88
No par
4,000
34
*107
52
14
■
24,800
1,750
preferred
Stores Co
No par
1
5%
90
95%
*49
50%
Merch & Min Trans Co—i..No par
583/4
59
Mesta
111%
112
1,800
110
Machine Co——
39% Apr 12
2
109% Jan
McKesson & Robbins lnc
107%
134%
29% "
—
Jan
100
-1
5,300
52%
107
28 %
*111%
*33%
134%
52%
59
*105
134%
51%
*47%
51%
'
McGraw Elec Co..
5,700
61
"613,4
McCrory Stores Corp—.
3% % conv. preferred
1,700
41%
41
McCall
—5
Metropolitan Edison 3.90% pfd—100
33% Mar
122
42
1.
*
22
14
.
43 %
Apr
48
Nov
33% Dec
May
53% Dec
195
109% Nov
16% Dec
55
Oct
114
Aug
Jan
19% Jan
Jun
63% Dec
Mar
176%
110
24%
,
Sep
55% Dec
*
62% Feb
Dec
Oct
15% Nov
32% Dec
39% Dec
7% Mar
15% Apr
40.
45
26'
2
Nov
34
525
* Sep
21% Jan
9/8 Mar
45% Feb
Dec
52
Dec
110% Nov
Feb
68
2
Dec
May
72
Mar
29% Feb
■'
28% Feb 26
195
4
20% Jan 23
52% Feb 26 :
34
15
Jan 28
8
4
37% Feb
Apr~8
26% Jan .14
•
26
109% Jan
—No par
Mathieson Alkali Wks—
100
1% preferred———.
May Department Stores. .........5
$3.75 : preferred. ——....NO par
No par
Maytag Co.——•
preferred———
$6 1st cum preferred.
16%
19% Mar 13.
36% Feb
-.1
No par
.........1
$3
FeiT~26
39
155
Jan
Jan
47% Jan
31% Jan
106% Jan
28%
147
425
12%
No par
100
—_Na
10
62% Apr 12
30% Marie
29% Jan
x22% Feb
25
*490
55% Apr
111% Apr 12
Madison Bquare Garden.——No par
243/4
'
*112 %
513%
.100
pfd series A.
4%%
S
18
2,500
:
76% Jan 30
44% Feb 20
108% Jan
9,600.
28%
41
163/4
530
423/4
14%
.
62%.
283/4
41
16
'54%
67
60
28%
245/a
*490
116%
"110%
61
28%
No per
24%
41
530
16%
42 a/4
36%
111%.
111%
111%
58
200
159
5
26
Macy (R H) Co lnc—
10,200
42% Jan 22
Mar 27
27
65% Feb
40%
*490
163%
53%
36
553/8
Feb
154% Jan'
6%
.
15%
*42%
1,500.
75
54%
36
—100
—No par
24%
530
"112 %
62%
743/4
55
Forbes———10
Mack Trucks Inc..
24%
.
10
"41
75%
St
preferred—
6%
54%
283/4
300
'
*160
75%
*110
111%
573/4
29
38
38
38
*160
75%
53%
110
29/a
38%
"160
—
75%
16
41
6%
—
75%
MacAndrews
Magma Copper—
—
—.10
Mahoning Coal RR Co..
—.50
Manatl Sugar .Co.——
—1
Mande) Bros.——........—No. par
Manhattan Shirt
5
*490
16%
"24
..
51
111/a
38%
40%
530
"403/j
*37%
*160
75
48
"480
38%
27%
i
32% Dec
9
Apr
9
Apr 11
30% Jan
43
Nov
19% Jan
36
Dec
Dec
Apr
9
69
Jan
10
52
Jan
70%
41 % Jan
2
54
Apr
6
24
Apr
41% Dec
Sep
Jan
109/4 Nov
60
106
Jan
10
108% Mar 21
23% Jan
3
35% Apr
Jan
17
139%-Apr
4
5
25
29% Jan
17
116*
24
Feb
19% Feb 26
103% Mar 13
103
Jan
31
43
Feb
25
27/8 Apr
108
Mar
13 Vo
109% Jan
17 y8
Jan
27
Dec
119
Dec
30y8 Dec
25
Dec
12
12% Mar
5
98% Jan
109%
Oct
94
Jan
108%
Oct
35
>Jan
108% Mar 29
52% Apr
104
12
47% Dec
32% Apr
95% Apr
12
14% Mar'
29% Nov
12
54%
52% Apr
2
Jan
33% Mar
87% Nov
2
51% Feb 26
60% Jan
9
37
22% Mar 14
70
Feb
38^
Jan
108% Jan
26
11
112
Mar 22
45% May
Jan
56
Dec
106% May
111
Jun
Monday, April 15,
THECOMMERCIAE&FINANCIAL CHRONICLE
2024
1945
NEW YORK STOCK RECORD
AND
LOW
Monday
April 8
Tuesday
tper share
$ per share
'Saturday
April G
;
HIGH SALE
t per snare
April 9
;
Wednesday
i April 10
April 11
16%
16%
16%
16%
16%
16%
16%
16%
16
16%
16%
16%
39%
40%
39'A
39%
39%
40%
39%
40
39%
40
54%
55%
56
56
55%
57
57%
58
57
58
563/4
57
164%
164%
♦163
871/4
*20%
21 'A
67
!
67
115
19
20%
19%
21%
67
67%
68%
67%
67%
113% 113%
44%
14%
*124
14%
37
13%
14%
*114
117
115
*115
15%
15
15%
15%
*125
129
*125
37%
37%
42%
43
38%
38%
13%
13%
14
43% '
43%
44%
17,100
68%
673/4
68%
4,000
483/4
46%
48%
453/4
463/4
11,900
43%
43
46
47%
49
48%
39
r
.'V
112%
'*
*111%
*114-
112%
*111%
"114%
39%
39
1593/4
5%
162%
yl49
5%
6%.
*111%
39%
112%
112%
114%
114%
114%
106%
106%
106%
106%
106%
153%
5"%
1113/4
*114%
114%
*106%
107
943%
95
29%
30%
94%
95%
95
29%
.
29%
28%
58
18 y,
*106
30%
30%
18%
18
1C7
*49
57
t'
43
113
18
*53
64
64
22%
22%
27
,v
,
16,800-
6,300
28
31%
31%
30%
31%
313%
31%
30%
30%
1,600
57
57%
58
60
59
61
58%
58%
2,500
18
3,600
■
18%
17%
106%
18%
53%
43%
*51
443/8
44%
113
*112
112
*17%
17%
17%
105%
106
51%
17%
51
13%
54
54
*62
65
18%
18%
443/4
5,300
*112% 112%
180
18%
18%
55
533/4
54
11,100
1,100
66
*63%
65
200
45
44%
443/4
112
112%
112%
18%
19%
54%
*54
66
54%
*62
66
*62%
19%
700
51
44
51
150
107%
*106
106
51
s
53%
*62
105%
51
51
43%
112%
18%
17%
18
106%
2,000
$2.50
68% Apr
13
Aug
42% Mar
5
58%
Dec
Dec
Mar
Oct
109
Mar 12
116
Jan
16
109
May
110
Feb
4
115
Apr
5
108
Oct
114
Mar
115
108% Aug
112
Dec
115%
Dec
Apr
9
42% Mar
6
49% Jan
16
11% Jan
3
16% Feb
8
~7%
Mar
Jan
3
Mar 25
109%
Jan
124
22% Jan
37
Dec
16%
Jun
49%
Jun
109% Mar 19
119
129
10
23
Jan
52
5%
16%
13%
Jan
Jan
Dec
Dec
38% Feb
25
Feb
27
70
Apr
8
36
Jan
52%
Dec
29% Jan
2
49
Apr
9
26
Nov
34%
Dec
32% Jan
2
43% Jan
29
36
Dec
x45
25% Jan
Jan
2
Apr
5
9
6% Apr
9
111% Mar 11
116 / Jan
8
Feb
26
116
165
116
29
79% Jan
13
97 % Apr
3
30% Apr
3
54% Jail
7.
62
Jan
47% Mar
4
56
Dec
116
Jun
113
July
106% July
47% Jan
10
Jan
117
Sep
119
Apr
113
Jun
76
Dec
lli;«
111% Feb 21
1
72% Jan
21
Dec
24%
29
53%
Dec
61
Dec
Jan
15
41
Mar
54
Dec
25% Feb 26
34% Jan
16
21%
33%
Dec
3
28% Feb 26
33% Feb
6
44
~—50
No par
No par
Mueller Brass Co
:
500
Dec
9
14% Nov
1
32
52
Oct
26%
Feb
26% Mar 18
Apr
9
51% Feb 25
22
(
60
*49
75
Moore-McCormack Lines Inc__—10
31%
*57
52
Mar
93
Mar
31%
60
*49
53
2
Jan
Jan
31
*57
52
160
106
31
61
52
Jan
112
31%
*59
52
137
No par
31%
50
43
55
93 ;
28%
62
1073/4
V
112%
18
95%
Mar 14
165
No par
No par
Preferred series B
30%
57.
493/4
43
*112
V
*106%
49%
94%
273/4
63%
No par
$4 preferred series 0™
Montgomery Ward ft Co
31%
52%
*56%
97%
28%
52
62
*51%
29%
96
28
1,140
30%
*59
52
31
96%
29
*58
62
52
30%
106%
Jan
5% Apr
pfd
Morrell (John) & Co
Motor Products Corp
Motor Wheel Corp
*60
29%
Z
106%
36
35
19
——
■-
107
92
25% Aug
9
70
No par
10
Mach Tool
Rights
$4.50 preferred ser A
50
-
~
*106%
6
62% Jan
26
156% Jan 24
100
20
2.50
Monsanto Chemical Co
111%
40% Apr
Feb
50
17% Jan 24
Carpet Mills
Mojud Hosiery Co Inc
■
7% Jan
12% Mar 13
7% preferred series A
Monarch
16
38% Apr
Mohawk
800
3,400
319,500
156
5%/
'*111% 112% i
114% 114% V
'
39%
*39
39%
155., 156
6
5%
6
(*1113/4
114
106%
*39
153
*114%
114
5,200
13%
18% Feb
29% Mar 13
Corp
Highest
t per share
3
No par
Mo-Kan-Texas RR
673/4
*68%
$ per share
10
6,500
38
41%
70
—
37%
38%
Mission
14
13%
41%
69
39%
38
400
122
120
69
13%
40
70
39%
38%
17,700
15%
15
15%
127
43%
13%
41
68
163- 163
*
13%
12%
40%
/
15%
*122
4,700
43%
43
43%
40%
13%
'
15%
50
*115
43%
129
50
115
115
*115,
43
100
114%
*113%
115%
*115
42%
129
37%
39%
1,200
117
42%
161%
6,300
67
114%
67
159%
20
67
*115
65
/:/ 39%
20
68
*113%
411/4
43
500
115
*124
: 37%
84
Lowest
31% Feb 26
10
No par
8% cum 1st preferred
100
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
Minn-Honeywell Regulator
--3
4% conv pfd series B
100
4%% preferred series C
100
4% preferred series D
100
Minn Min ft Mfg
—No par
Minn Mollne Power Impl
1
$6.50 preferred
No par
Steel Products
Midland
110
84
*84
117
43%
43
128%
163
86%
20%
163%
*115
117
*
*114
;44
163
19%
87
163%
68
163
87
115
115
*115
*114
163
86%
87%
20
67%
*112%
163%
86%
20%
*85%
*115
163%
165
$ per share
12% Jan
-3
Miami Copper
Mid-Continent Petroleum
8,500
1,900
Year 1945
Highest
$ per share
Par
5,500
40%
I
Lowest
Shares
$ per share
S per share
fper share
Range Since January
STOCK
EXCHANGE
the Week
April 13
YORK
NEW
Sales for
Friday
Thursday
40
87%
Range for Previous
STOCKS
PRICES
cum
Jan
Dec
Jan
6
6
22.
45
Jan
Dec
109 % Nov
;
43
Dec
Apr 10
114% Jan
2
18%
97% Mar
Feb
51
3
36% Mar 21
109% Feb
Oct
47%
9%
16
32%
Jan
109% Feb
105% Feb 26
38% Jan
Feb
20
16% Feb 26
1
No par
—No par
1
100
Murray Corp of America
—10
4% preferred
50
Myers (F X) ft Bro
No par
Mullins Mfg Co class B—
$7 preferred
...
Munslngwear Inc
Murphy Co (GC) new
4%% preferred
23% Mar
31%
Apr 11
61
25
Jan
Dec
109% Jun
2
Jan
115
Jan
16% Mar
4
22
Jan
30
13
21 %
Dec
50
Jan
3
55% Feb
15
48% Nov
52
Dec
61
Jan
18
53
Jan
66 Va Nov
20% Feb
20
25% Jan 15
15%
Jan
25%
Dec
52% Jan
16
35%
Jan
56
Nov
Feb
5
20%
Jan
37%
65
1
Apr
N
22%
23%
23%
23%
23%
23%
233/a
23
223/4
23%
20,300
Corp
—5
Nashville Chatt ft St.
Louis—>100
Nash-Kelvinator
45
45
*44%
45
45
45.
44
44%
44%
44%
44
44%
220
36
36
35%
36%
36%
37%
37
373/g
36%
37
35%
363/4
4,600
National Acme Co
26%
26%
26%
26%
25%
27
26%
26%
25
25%
25
25%
7,600
18%
19
18%
19%
19%
19%
19%
19%
19
19%
19%
193/8
7,000
26%
*30
26%
25%
30%
35%
*204
18%
26%
263%
26%
26
26%
26
26%
30%
35%
32
31%
32%
31%
3P/4
32%
33%
36%
*205
32%
26%
31%
35%
207
*31
26%
*31
36
205
207
*30%
31%
*31
36
343%
205
*203
313/4
31%
36
*203
31%
313/4
35%
35%
207
35%
36
207
3,600
2,800
13,500
204%
204%
200
32
*31%
18%
18%
18%
18
18%
18%
18%
18%
18%
18%
19%
8,600
39%
40
40
40
40%
41
41%
42%
43
43%
42%
43%
4,500
30%
31
30%
31%
31%
32%
32%
34%
33%
-19%
19%
19%
20
20
203/4
20
20%
20
20%
42%
42%
42%
42
20%
42%
20%
42'A
42%
43
42
43
42%
44
12,800
50%
50%
50%
51
50%
51
50%
50%
49%
50
49%
50
3,200
71%
72%
70
72%
71%
72%
713/4
723/4
71%
73%
tV/i
1%
*59
rl%
62
«
*59
28%
39%
National Airlines
—1
24% Mar 13
34% Jan
2
16% Mar
41%
Dec
Nat Automotive Fibres Inc
—1
16% Jan
3
22% Mar 14
20% Jan 15
9% Mar
19%
Nov
Jan
32 %
Dec
23% Mar
x34%
National
7,200
73 3/8
X72%
70,400
National
58%
28 3A
*105
39%
39%
58%
28%
59%
28%
107%
105
39%
39%
58%
58%
29%
593/8
29%
105
39%
<
..
20
No par
20
National Can Corp
10
No par
21% Feb
5
13%
Jan
20%
Dec
37
Feb
25
45% Jan
29
31%
Apr
41%
Nov
1
24
Feb
26
34% Apr
10
12% Mar
32%
Dec
17% Jan
4
Nat Cash
Register
National Container
National Cylinder Gas Co
21% Jan
16
13
19%
Dec
44
Apr
12
24% Jan
38
Nov
37% Jan
51 % Apr
4
20% July
40%
Dec
Nat Distillers Products
No par
65
Feb
84% Jan
35%
Jan
76
Dec
67% Jan 29
37
Jan
54%
Nov
30
13
Jan
26%
Dec
Rights
1% Apr
*204
206
*204
206
204
204
*203
204
204
50
*170
*203
7%
173
*170
173
*170
173
172
173
!172
174
*172
174
50
6%
24
*23%
23%
23%
23%
23%
23%
23%
23
34%
23%
23
34%
34%
34%
35%
36
36
65
36%
35%
35%
34%
34%
1,800
Nat Mall ft SCI Cast Co
65
64%
64%
63
63
62%
62%
60
60
61
61%
1,000
49,400
2,100
3,000
89%
10%
89%
10%
10%
10%
89
89%
89
89%
89%
89 %
89
89 y2
89
89%
34%
35%
*35%
36
35%
35%
35%
35%
35
35
35
35
22%
22%
23%
23%
24%
23%
24%
28% - 28%
*04 - ^104
23%
23%
22%
23%
28%
29%
29%
29%
29%
29%
104%
104%
33%
29%
104"
22%
33
12%
18
104% 104%
104
104
29%
22,900
2,000
29%
29%
National Linen Service Corp.
34
34%
37%
37%
38%
38
38%
5,100
18%
18
18%
17%
17%
18%
5,000
Nat Vulcanized
12%
17%
12%
13
12%
13
12%
13
131/4
13%
13%
13%
2,100
LOW AND HIGH SALE PRICES
Saturday
Monday
April 8
$ per share
30%
*62
30%
Tuesday
April 10
$ per share
$ per share
30
29%
30
30
641/4
108%
39%
*63
64%
108%
*107
108%
39%
39%
63%
*107
39%
38%
30
64%
64%
108%
• 107
39%
38%
Thursday
April 11
$ per share
30%
29%
65%
66
108%
*106
40
108
109%
>108
110
*108
110
* 109
*110
111%
111%
*110
111%
« 110
111%
38%
110%
>110
*47%
48%
37%
104%
47%
37%
104%
33%
48%
37
47%
37%
104%
34%
37%
104%
34%
341%
104
33%
48
47%
37%
37
104
.
37
26%
27%
27%
28%
45
46
46%
47%
31%
30%
31%
32
32%
*31%
31%
125%
*60
62
*295
325
>295
*110%
111%
124%
>110% 111%
26%
26j/4
26
26%
49%
286
*60%
491%
127
34%
31
110%
48%
*61
62
*61
*295
325
*295
*110%
111%
26%
24%
110%
25%
23
127
127
*48%
128%
34%
35%
13%
120
13%
*114% 120
34%
13%
*114%
*127%
35%
34%
13%
31%
30%
13%
110%
110%
*114%
31%
110%
110%
275
120
30%
4,200
3,700
37%
4,500
320
30%
61
*60
18,200
61%
500
57,100
1,300
1,600
3,600
27%
27%
27%
47
46
46
32%
122%
32%
*29
"
122%
32%
33
400
200
62
62
325
*295
325
110%
*110
111%
61%
24%
23%
24%
150
*
9,800
110%
30%
110%
49%
48%
48%
400
279
272
275
129%
127
127%
200
34%
21,700
28,000
34%
13%
120
31
U0%
34%
13%
*114%
13%
120
1,070
10
30%
31%
110%
110%
790
48%
4,700
27,900
50
~
501%
49
50%
49
49%
49
50
49%
50
48%
49
49%
49%
47
48%
49%
49%
50
18%
49%
19%
19
49%
48%
19%
49%
780
19
19
19%
*18%
19%
2,500
22%
22%
22%
22%
5,100
18%
18%
23%
24
23%
23%
22%
23%
22
Dec
59
24
15
26
18
91% Feb
29 % Feb
25
36% Apr
19% Mar 13
Jan
32
Jan 29
—>40
27% Mar 28
101% Jan 24
26% Jan 19
1
16% Mar 15
12% Mar 15
15
conv serial
.19
22%
14%
Nov
85%
Nov
18
36
Dec
24%
Dec
33% Mar
2
102% Nov
107%
Dec
38% Jan
11
10% Jan
29%
Dec
20% Feb
11
106% Mar
Feb
10%
2
Jaii
14% Nov
Range for Previous
STOCK
Nehl Corp———
Nelsner Bros Inc
4% %
Dec
Jan
Apr
22% Aug
15 ,'
Jan
26% July
7%
65
4
25
$ per share
No par
26% Jan
l
preferred
Newberry Co (J J) New
3%% preferred—
New Jersey Pr ft Lt Co 4%
'
Newmont Mining Corp
Newport Industries.
Year 1945
Range Since January 1
Lowest
Highest
53% Jan
3
106
No par
100
107
pfd-100
32% Jan 30
110% Jan 17
32
10
-
Feb
8
Jan
$ per share
4
15% Mar
66
4
100
Lowest
$ per share
30
Apr 11
108% Apr
40% Jan
109% Jan
Mar 14
40% Feb 26
Jan
Highest
$ per share
28%
6iy2
103
Feb
35
Dec
8
106
Oct
109
105%
Jan
110
6
49% Feb
Dec
Dec
108 % Mar
17
111% Jan 30
32
Aug
18%
8
Dec
Nov
Nov
47% Dec
37
Jan
38 %
Dec
xl6% Aug
27%
Dec
Mar
58%
Oct
I
29
Feb
26
38% Mar 30
100
104
Apr
9
105% Mar 19
Newport News Ship ft Dry Dock—l
24% Jan
4
34% Apr
5
New York Air Brake
54
26
69% Jan
18
45
4%%
preferred
No par
No par
New York Central—
26
Mar 13
35% Jah
16
21% Jan
35%
Dec
100
44
Mar 13
59
Jan
17
32
Jan
751/4
jun
100
120
134
Jan
29
103%
Jan
37% Feb
16
28%
Jan
N Y Chic ft St. Louis Co_
Feb
6% preferred series A
N Y City Omnibus Corp.
York Dock
No par
17
Jan
$5 non-cum preferred-
No par
57
Jan
7
62
Jan
17
41
Mar
65
Nov
_S0
325
Feb
19
325
Feb
19
162
Mar
410
Sep
110
Oct
Dec
New
No par
N Y ft Harlem RR Oo>„
N Y Power ft Light 3.90%
pfd—100
N Y SMpbldg
Corp part stk—..±.1
Feb
20
30% Apr
.8
24% Feb 27
$107% Jail 14
*
19% Jan
2
32
Apr
4
102%
113% Mar 18
H 28% Feb 08
2%
48%
281
*126
39%
48%
32%
62
48%
38%
37%
123%
*29
110%
279
35
Jan
9% Mar 14
Par
20
48%
32%
33
325
48%
Nov
Jan
33
80% Feb
EXCHANGE
•
104% 105
29%
30%
37%
123%
32%
278
30%
110%
27%
*46
126
274
13%
30%
111%
26
35%
13
*114%
31%
110%
125%
127%
34%
13%
114%
*29%
.
284%
126%
35%
12%
114%
32%
32
*302
48%
280
32
32
*60%
325
*48%
286
*126
62
125
30%
,
48 %
61
27%
124%
900
69
111%
61%
45
45%
126%
1,200
108%
*110
29%
*61
,
111%
32%
45
45%
60
*66
*106
*110
30%
61%
30
30
110%
104%
26%
25
21
11
Feb
26
41% Feb
Shares
$ per share
*109
*103%
27%
16% Jan
4
Jan
12% Jan
13
10
NEW YORK
Sales for
the Week
110%
48
37%
62%
*125%
31%
39
Friday
April 12
*109
48%
27%
60
66
108%
104%
*60%
62%
29%
104%
34%
152
10
STOCKS
Wednesday
April 9
tper share
April G
Dec
Nov
Apr
68
Natomas Co
Dec
199%
167
173
51% Feb 26
Co
Jun
Sep
Sep
177
8
—100
Fibre
37%
Jan
12
30% Mar 14
—
108
24
Mar 19
.No pai
33%
17%
370
xl01% Aug
12
204
4
$2 conv preferred—
18
33%
'
104
104
22% Feb
1
28
40% Apr
No par
National Steel Corp_
25
National Sugar Ref Co
No par
National Supply (The) Pa»
>10
4%% preferred
National Tea Co
104 '
Jan
Jan
—No par
National Power ft Lt_
17%
33%
*17%
*
195% Jan
165
14
Jan
Mar 26
108% Jan 24
32% Jan
National Oil Products Co
10%
Jan
Mar
100
100
preferred A
preferred B
2
24% Jan
105
10
24
10%
48
No par
1
No par
National Lead Co
205
10%
Dec
34% Jan
40%
10%
Dec
30
1
No par
No par
1053/4
10%
195
2Q% Jan
31% Apr 10
17% Mar 13
Oct
181%
Nat Dairy Products
National Dept Stores
40%
10%
Dec
Feb
$4.50 conv preferred
10%
3
28
Feb
Nat Enam ft Stamning
National Gypsum Co
10%
8
205% Apr
26
27
70
900
33% Jan
36% Apr
13%
193
*203
*
Feb 26
30% Feb 26
4
preferred
300
5,600
28% Jan 29
Dec
.100
1%
9,600
,
39
3
Nat Bond ft Share Corp
59%
,
5
>10
293/8
*58
29%
105%
40
Corp
Battery Co
1053/4
(
29%
105%
393/4
Aviation
National Biscuit Co
109,200
60%
28%
40%
12,500
34
'
*106% 107%
39%
33%
1%
*106% 107%
28i/e
34%
<
Mar 21
32% Jan
300
31%
44
—1
-
V;*,
i,
14% Aug
—3
loo
246
Jan
3
100
121
Jan
11
128% Apr
29% Feb 26
35% Apr
3
19%
Jan
12% Apr
16% Feb
16
9%
Jan
&
Western Ry
Adjust 4%
non-cum
pfd-
North American Co
North American Aviation
io
l
Northern Central Ry Co
>50
Northern Pacific Ry
_ioo
Northern States Pow $5 pfd-No
par
Northwest Airlines
No par
Northwestern
Telegraph™
Norwalk Tire ft Rubber—
Norwich Pbarmacal Co_>:
__50
No par
2.3Q
1111
Mar 13
Jan
53
3
19
5
115
28% Mar 13
110% Apr
Jan
288% Apr
5
36
37%
3
Jan
24 ye Mar
Jan
126 %
105% Jan
17%
Jan
July
110
31%
15%
112
38%
116%
9
114% Mar 13
45
Feb
7
56% Jan 11
26% Mar
45
Apr
1
55% Jan
3
46
4
5
12% Jan
21%
19
107% Jan
26% Apr 10
16% Aug
24% Jan
112
23%
13% Jan
7
19%/Apr
Feb
26
24% Apr
111% Jan
15
18
-
Oct
258% Nov
Aug
118
11
50%
Jan
219
10
Apr
Ju°
39% Nov
29
Nov
/
Noblitt-Sparks Industries-Norfolk
45!
148
63%
>
Apr
57
6%
Jan
15
Nov
Dec
Dec
Dec
Dec
Mar
Dec
Nov
Dec
Dec
0
*110%
112%
*110%
112%
*116%
112
*111%
112
25
-
25 %
25%
25%
25%
26%
30%
26%
26%
30%
30%
30%
30%
30
31%
32
118
118%
t 15 % s 15%
*116
117%
.
*111%
*40%
36%
105
105
40%
36%
175%
*30%
*174
32
*103 ^ 105
97%
see
15
116%
40%
36%
175%
For footnotes
116%
117
40 ;
36
175 f* 175
31
31
117%
15%
*116;'
41%
36%
117%
<15
31%
-
<
98%
page
118
15%
116%
40%
116%
15%
*39%
37
36
*174
31%
105
105
97
97
*31%
104%
94
104%
96
26
26%
31
31%
14%
40%
32
26%
31%
116
41%
36%
179
111%
26%
116%
179
*111%
31%
117%
116%
15
116
112
35%
r
s1?4
31%
*103
93%
117%
15%
116
41%
36%
179
31%
105
94
39,600
9,500
X115%
116%
260
/
15%
6,700
15
116%
36%
•
*30%
105
93
pfd
-
100
No par
Oliver Corp. No par
4%% convertible preferred
100
Omnibus Corp (The)
e
8% conv preferred A—
>100
...
116%
110
45%
179
.41%
*174
Ohio Edison Co 4.40%
Ohio Oil Co
2,700
5,400
V
20
32
500
Outboard Marine ft Mfg
105
110
Outlet Co
36%
93%
2,700
Oppenheim Collins
—10
Otis Elevator—
6%
No par
preferred—
—^
OwAfje-nilnols
2028.
WWW
——loo
Glass
27% Feb 26
112% Mar 7
14% Apr
11.5
Jan
11
2
27% Feb
26
32% Feb
25
;
Jan
34% Jan
15
XI19% Jan
14
17% Jan
18
120
106%
45% Apr
2
2
176
2 50
;28
Jan
2
34
Jan
25
par
12.50
91
Jan
30
1105
Apr
75
Jan
7
100
4
5
Mar
Apr
7
Jan
Jan
13%
12
39% Feb
Jan
Jan
11%
107
Feb 11
166
No
Co
112
19% Feb 26
*
Jan
23%
Jan
155
Jan
22 y*
Jan
74
Jan
58
Jan
34%
119
18%
Oct
Dec
Dec
Nov
Dec
Xll8% Dec
34% Nov
36% Dec
168
Dec
32% Nov
95
Dec
79%
Dec
THE COMMERCIAL
Number 4481
Volume-163
& FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW AND
Monday
Saturday
April 6
$ per
Tuesday
April 9
April 8
$ per share
share
HIGH SALE PRICES
$ per share
.
Wednesday
$ per share
*17%
17%
17
17 %
*21
22 y2
*21
22%
*21
83 y2
44%
44%
44% >44%
*80
83%
*80
*43!/2
45%
44 %
44
59%
597/b
*59%
59%
59%
88'A
149%
90 y2
88j/2
88%
149%
180
86%
86%
*80
*178%
44
149%
149%
*179
180
'
-
8%
> 9
9
*29%
Thursday
April 10
16%
-
43%
16%
$ per share
16%
22 y2
21
83%
*80
43%
149%
8%
9
86
149%
*180
8%
10%
10%
io%
io y8
10%
22%
21%
22'A
22%
23%
22%
19 ya
50%
*18%
19%
20'A
20%
*19y8
49%
50%
50
50%
50%
*110 >A
*110% 112
11%
II
11%
80
80
112
*110
11%
*78
77%
11%
85%
*109
30
10
49%
*110
11%
40%
Par
I per share
$ per share
*85
180%
6
5%
76%
44%
X43%
*31
32
31%
31%
*31
34%
19%
18%
19%
18%
18%
18%
20%
21
20%
20%
20
,
*76%
78
56%
56%
57%
56%
57
39%
56%
40 y8
38 %
38%
37%
14
137/8
13%
28
29
29
29%
31
31%
30%
14"
*13%
27%
30%
*112%
26%
43%
46
54
*108%
109
36
36%
27%
126%
27%
27%
126%
126%
100
*99
43%
*112%
*42
109
*106%
12%
13%
*34 y8
109
13%
13%
57%
41%
4iy8
41%
72
71%
112 y8
112%
13
113
29%
29%
29%
29%
120%
*119%
30
29%
36%
120%
115
29%
*119
16%
16%
16%
16
16%
15%
16 y4
16
38%
38%
38%
38%
37%
38%
36%
37
50%
51 y8
50%
51%
50%
51%
51
51%
50 »A
50%
110%
109%
109%
110%
*109
110%
109%
122
16 y8
38%
109 J/2
103%
103%
*103
103%
103%
103%
*103
103%
*33
34 »A
*33
34 »A
*33
34
*127% 129y2
*126
129%
*126
129
62 y2
61%
35%
35%
62%
62%
*36
35%
*102%
38
34%
34%
108%
108%
108%
12%
13
*102y2
*102%
103
103%
*102%
22%
22 lA
26%
26 y4
27
27
*207
—
43%
43%
43%
11%
12
11%
12
17
17%
17%
*107%
84%
84%
84%
84%
*26%
84
27%
*198%
25%
25%
29%
30
24%
84%
*27
27%
*198%
—
*59'A
67
16%
17
*107%
140
83%
84
*107% 140
83
83%
86
*26%
86
*84
27%
*26%
*198%
__
27 y4
28
29%
29%
29%
25%
24%
37
23%
26%
26
23%
26%
61
61
61
66%
68%
27%
30
25 y4
23%
23%
23%
23%
26
26%
61
67%
25%
26
24%
*36%
*57%
67%
*60
67%
91
28%
*21%
25 y4
*60
67%
23
67%
39
38%
39 y4
29%
30
114%
29%
112%
113%
109%
111%
125%
124%
125
124%
124%
125
137%
136%
138%
136%
125%
138
136%
146%
146%
146%
146%
146 y8
146%
146
137%
146%
*115%
116%
116%
116%
115%
115%
*115%
64%
26 >A
64%
64%
64
65
64
64%
64
64%
26
26%
26%
26%
25%
26%
25%
26 Vb
113%
*110%
35%
35%
26
116
*113
38
<
38%
38
113
Monday
39
29
112
35%
39
29%
38%
29
39
29%
110%
Xl235/8
136%
137 'A
146 J/a
27% Nov
123%
146%
111%
115%
April 9
t per share
17%
'
*112
'
25%
*38%
*27%
*52
46%
26%
38y4
17%
25%
*112
112%
46%
46%
r 26%
27%
38 JA
38%
*27%
28%
118
'
"
>28%
35
Wednesday
April 10
Thursday
Friday
Sales for
April 11
April 12
the Week
t per share
$ per share
S per share
NEW YORK
STOCK
46%
28%
27%
27%
38%
39
28'A
28
38%
27
27%
*52
55
*51
53%
46%
*45%
46
*45%
46 T
mm
46%
26
26 y4
27
27%
28
27%
*111% 112
*111%
112
*lliy8
112
*111%
107%
107%
*38%
39%
Reliable Stores Corp
24%
24%
Reliance
39%
25%
39
116%
39%
25%
39%
*103
106
39%
/
24%
39
t-
*103
39%
25%
.
24%
30%
30%
31%
31
24;
24%
-24%
24%
23%
*2 •■•y;tWi6%*; 17%
17%
feQ%
25
39%
*103%
30%
20%
39%
39%
39
39
106
110
110
112
106
20% / 20%
For footnotes see
page 2028.
105
20%
v
24%
39
25
39%
*103% 105
39%
*103
27%
112
39%
105%
Preferred
Reis
$ per share
$ per share
11
19% Feb 20
1
...100
(Robt) & Co 1st pfd
Mfg Co new
Remington-Rand
Preferred with warrants
32%
31%
32
31%
31%
Reo
24'A
17%
23%
24%
17%
22%
23%
17
16%
16%
Republic Aviation Corp.
Republic Pictures
-21%
20%
20%
19%
19%
-a
Highest
Ralston Purina Co 3%% pfd—loo
Raybestos Manhattan
No par
Rayonter Inc
1
$2 preferred
25
Reading Company
50
4 % non-cum 1st preferred
50
\% non-cum 2nd preferred
50
Real Bilk Hosiery
5
*25
*113
Lowest
Par
Shares
*45
*45%
Range Since January 1
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
112%
46%
27%
38%
~
EXCHANGE
Radlo-Keith-Orp"
55
52
55
*112
Oct
Dec
112% Nov
STOCKS
25%
Jan
65%
24%
36%
95
25
Nov
*148% Nov
116
17%
17 y8
*93
95
24 y4
112%
*46
*93%
Dec
138
Quaker State Oil Ref Corp
17%
Dec
126
HIGH SALE PRICES
Tuesday
t per share
116
37%
36%
April 8
30%
*115% 116%
*112
113
LOW AND
24%
Deo
66% Nov
116%
64 y4
94%
Dec
26%
63
136%
17%
Dec
25%
25%
125%
94%
23%
Jun
22
30% Deo
27% Dec
33% Dec
113%
38%
Jun
198
28
29%
29
!
43% Jun
__
114%
38%
$ per share
Dec
117% Oct
69 % Jun
87
114%
Saturday
April 6
Dec
15%
38
67%
Deo
12%
25
62
Dec
44 y4
30
25 y8
37
23
25%
11%
17%
Dec
205% July
44%
11%
17
27%
67
25%
43%
Dec
23% Nov
*204%
429 %
25%
27%
106
24
Feb
Sep
11%
*198
25%
36%
36
*22%
102%
44%
12
*198%
__
108%
126
*26%
27'A
Nov
12%
11%
17%
140
84%
*107%
140
85%
108%
Dec
37%
33%
102%
22%
103%
22%
Dec
35
•
12%
Dec
59% Dec
37%
,x
*107%
*207
43%
43%
34%
*135
13%
Sep
Apr
124
64%
33%
*198
*198
*197
~
13
22%
22%
*207
12%
*102%
103
22%
22%
34%
110
*135
12%
12%
26 JA
22%
34%
*108%
*135
*135
12%
34%
108%
34
34%
107%
Dec
74 ;
.113
34
*35%
/
Apr
44%
129%
63%
Nov
»19% NOV
104
*32%
*126
63%
Oct
29% Nov
29 %
120%
16%
Dec
40% Dec
71% Dec
29%
29%
38%
*109
Dec
15% Nov
,
30
29%
Xl20%
Mar
'
112%
29%
Jun
41% Deo
108
72
112 %
Jun
116%
42
71%
Nov
43%
57%
41%
71%
29%
29 7/8
38%
13%
58%
Nov
119% Nov
13%
13%
57
Dec
Nov
43%
.
13%
Nov
96%
106%
13%
Dec
46
41
106%
13%
33% Dec
49
100%
41
May,
49% Deo,
17% Jun
30%
28
*99
43
Deo
Apr
24% Deo
46% NOV
126%
59
112%
112%
i
35%
27%
126%
Deo:
24% Mar
35%
35 y8
100%
1207/a
29%
29%
*120
*135
'
;
17%
55%
107%. 108
41 y8
*34
Dec
> 30
55%
109%
36
71
107%
Dec
5%
113
27
13%
*34
73'A
39% Nov
72
__
57%
62
July
57% Deo
Jan
46%
109
35%
12%
*109
•
43%
35%
*106%
29%
119
32
46 y8
47 y4
55%
Dec
Oct
2'9y8
42%
55%
100
29%
k Oct
14%
x80% Dec
13 7/8
28%
43%
*46
34
*42
*13%
*112%
26%
126
1207/a
111
Jan
,
*30 y4
„
35%
29%
X39% Nov
78
26%
34
*26%
*76%
43
43%
54
78
26%
26%
*44
*29%
Deo
38%
27 y4
*120
Deo
20
Jan
57
39%
*76%
Deo
Dec
21% Jan
39%
*112%
112%
32%
6% Mar
Xl8
Oct
78
*13%
*112
Aug
12
2%
56%
78%
Jun
10
29% Feb
78
56%
175
32% Jan
20%
56
Jan
Mar
>27% Mar
18%
21%
Dec
29
106%
44%,
19%
Dec
149%
Jan
56
6%
43%
Oct
75%
Jan
29% Apr
106% Sep
4% Mar
69%
43%
Nov
13%
77%
5%
Dec
46
X60%
16% Mar
87
69
42
Jan
16% Jan
12%
6%
Jan
38% Mar
50
78%
Nov
121%
111
69 JA
Nov
89%
34% Jan
10%
6%
Dec
23%
24
22%
77%
22%
Jan
48
20
69%
Jan
11%
9
6%
Highest
t per share
13%
30%
21%
*77
t per share
45% Mar
181
78%
42%
31
31
Shares
87
69%
6
42%
S per share
*109
■
6y8
'-Lowest-'
,
149%
69%
70%
i
6
Range Since January 1
Lowest' ,4.
Highest
43%
77
77%
70%
111
*83%
*109
*109
30%
11%
80
Range for Previous
STOCK
61%
22
*18%
STOCKS
YORK
EXCHANGE
44%
61
180%
30
"
NEW
16%
44%
180
30
Sales for
the Week
21
60
30%
10%
30%
Friday
April 12
83%
42%
44 y8
148%
9%
April 11
$1
Motors.
conv
lac
preferred.
100
No par
5
1
25
1
1
50o
10
Nov
Range for Previous
Year 1945
Lowest
$ per share
/Highest
$ per share
;"'
COMMERCIAL & FINANCIAL CHRONICLE
^i-
2026
$ w*>-'t
^
*
;.
i946.
,
-,vy' *:.*'*• :,''r"
'
? 4«*H
'f:,f,.' ;> '■"'•?
,»
HIGH SALE
LOW AND
f'
per share
I
# per share
34%
i
!
24%
*113%
24%
*107%
,
,
108%
42%
25%
25%
44
44%
45
>45
;
44 y8
*24%
24%.
33%
S;
10%
*26%
1
27%
i 5.
26%
v
49%
•
10%
*49
49% ; 49%
iff
28
30
30%
'.
,'
'
<••''* #■
Bange for Preview®
Range Since January 1
Lowest
Highest
YORK
'
EXCHANGE
*24
443/a
-44%
44Va'
47
*451%
60
•
16%
105%
25%" 25%"
16Va
17 i Civ
33%
331/4
105%
,
11%; 113/4
26%. 26%
8,000
Reynolds (R J)
*104%
,
.
,
"
106
25%
17%
,
33%
11%
61%.
301/4
52
23'/2
61
11%
Rheetii
it
Mlg CO——
loan
1
i,4oo
Ruberoid
Co.
Rupperf,
:
2,900
8t Joseph
15
Nov
Jan
37
Jan
16
98
Dec
•
Jan
28% Feb
16
14 y8
il7% Dec
Jan
23% Dec
Feb
44% Apr
5
31% Jan
Jan
29
37% Mar
25
99% Sepf
47
4
;16%
Mar>
13% Feb
29 % Jan
53
.
33 i. Mar
Apr
.'
81
34% Jan
Oct
•31
Dec
12% Dec
^63% Aug
19% Apr
.
24% Mar 14:
40
46% Nov
106 / pee
26% pec
18% Nov
10% Jan16% Jan
"
2
43% Mar 12
Feb-
28
17% Jan
•34% Apr
26
Mar 13
25
•
108% Feb
2,
10% Apr.
-,.
pa4:
No
110
..Feb 20
26
Jac-b__„w—i-—,— —5
"The/ftT-.——
Jan
15 y8
19
14
3
ftoyal Typewriter—
600
87%
2^/4 Mar 11
Company
-a—No pat:
Antelope Copper Mines—
5,900
-
.
<28%.
■
-
Ritter
18,900
-
series^—x-
Nov
3
136
2
38 y8 Feb
w'lifleld Oil Corp—*w——Wo
,
.700 ^
r
52
*28%
<
;
27
52
f
28 3/4
'2,800
15,600
,
1
37% Jan
115
.24% Oct
3
104% Jan.
33% Dec
Jan
11% Jan
45% Jan
7
2
———
preferred 3.60%
500
,
-
*26%
*51%
,
25%
11%
30%
.
33%
26%
523%
313/4 Jan
113% Jan
2t)5/« 4an
Tob elass B-— IlO
Common
102%
15
110% Jan
3 per share
19% Jan
113 % Mar 28
26 y* Jan
est
$ per share
16
40% Feb
2
4
106:% Mar 11,
.
,110
46
17
,
331/4
11%
613/4
.
44%
44%
Lowest
18 % Mar 14.
fieynol(Je Spring—
26%
-
52%:29 y4
;
30
1,500
46
16%
'11%
53
24%
-
,
29% Jan.
110% Jan
.
12",500
41
,-v
10
.1,110
25
33%.
/-26%~
:
*'
25% -253%
16 Va
29'/a
.
:
108%
126%
47
*46
13>200
,
24 V4
25
128%
.
Republic Steel Corp
No par
.100
8% conv prior pfd ger ARevere Copper & Brass—
par
5 % %, preferred———1.—»— .100
Reynolds Metals Co—
__No par.
5 % >» cony preferred——;— .100
100
23%
.
126%
r25
.33%.
50
40
17,400
;
113%
23%
*106%
-134%
105% 106
11%
.
128 %
Par
i Year 1945
■
u
$ per share
1 per share
Shares
34%
33%
113%
,
108%
,4iy4
41%
41%-43%
106 Va
26%
,
34%
134
44%
33Va
,
31
59%
*106%
*106%
-
16%
10%
ill
,23%
108%
i
114%
23%
24% * 25%
33%
10%
26%
?
34
*ii3y2
24'/4
443/8
47
106 Va
16%
,34%
(:F
.353/8
114%
25%
43%
*46
24%
,
24%
.
16%
*33%
24%
44%
46 y*
•
>106% ,106%
106% 106 Ya
i
NEW
the Week
$ per share
tper share
34%
23%-
%■
*106% j08%
42'A A3V*.
130
136
f
1241131
*24%
25%
124
45
S&i*on
Friday
,
April 12
*113%
35
114%
-24
108 Va
40%
39%
,,
34
*113%
114%
$ per share
share
23%.,,; 24%
108%
38
S per
34% 34%
34%
124
ft-
April 11
-1#
'
114%
•113
April 9
Thursday
.,
.
;
STOCKS
STOCK
>
PRICES
Wednesday
April 10
Tuesday
April 6
.
!
.l^yVKp
N EW YORK STOCK RECORD
T ■
Monday
April 8
|Ji..
>.
■
29% Nov
48 ' pet
:
Sep
;34
Dec
if.
.
f|
!!
p:.
59%
•
'29%
'
15%
85%
87%
'
56%
'62
'30%
60%
•
29%
*115 r-115%
15%
15%
15%
85%
85
66%
ft
-29%
29%
U115 y*
•>ii5
•115% 116.
15%
:
'
29%
29%
■v
f
59%
115
'16
30%
15%
16..;
;
-
■
115
H14
ft
563/i '
56%
A
* A
'
83%
56%'
85%
821/4
84
57
57
57%
A
'*
•
.is'
:
•••:-•
Va
Vx
:
'
;
<
30 %
<
>
83%
'
4]800
•1^500
r%
ft
18.300
«
57Va
56%
y.
>il,6oo
15%
—_ft—I
l«ead.
10
:
52% Jan-
i
,113
12% Jan
■
•
19%: July
110% July
115% Mar
8% Mar
^14% Dec
,60?
*
%-Apr
Jan
v
28
90% Mar 23.
,.
ft^Jan 23'
53
-
\
Mar 30 >#
18
3"
80% Mar 19
-
-
■'
"30% Mar 29
116
.Jan ~ 3'
.
37
•63% Jan 24
3:
> 24% Feb 26 v
Bafeway Stores———0 <
*8% igeferreC /i.s.-f..'
Savage Arms .r*iro<.—I—*•.' —-i— .*
Schenley Distillers Corp new_—1.75
ucott Paper Co—,
-Wo po#
Rights. -.1
—
9,000
:/ *60
v
113
\ '16%
82%
'
56%
29%
113
15%
56 3/a
85%
843/4
.
15%
-
29%
115
60%
59
-
'61%
'
.
Jan
,
56 ft
Oct
"ft
Feb^
Mar 26 ' 4
6
\
'
ft Apr
3
.: Nov
'28
61% Nov
'
347
*
34
s-34%
*13%
•
'■
'35
34
72%
73
35
'34»/2'
73
34%
37%
34%
35
72%
72%
T9
37
37
37
34%
13%
14%
14%
143/a
14%
14%
'49%
48%:
21%
491/2
471/4
48Va
;
36
73%
'
47 y®
46%
>
V
21%
22
21%
-32
2iy*
21%
*111% 112
21%
22
21%
*
'
!•
21%
*
s;' 112
112
112 ft".*
28%
t
28%
21%
-
21 ya
21%
*111%
113%
213/a
21 y2
21%
II33/4
*111%
113%
28%
:293/a
Ocfrp:——j
-JS
& Co.4-—--No par.
Seeger-Sunbeam Corp
iJ__—£r
Sears
•5,000
10,500
21%.
t
38%
«
29%'
38%
39%
33%
34%'
83
83
*80%
'
.
86
86
31%
■•104%
38 y2
104%
39
383/4
-
104% ■104%
33
:: 34%
29%
29%
-29
l
39
38%
'104% 104%
104%'
C:
32 5'.' 33
*83
23%
:
23%
36
52%
23% '
74
•
36%
;
35%
'
1043/4
32 y2
84
83
23,600
2,900
32% ,32%
*81
•
104%
32%
•
19%
6; 100
200
83
12%
12%
12%
Sherpe A Dbhmeft%.^..^
53%
54%:
43
43
43
16%
7%
23
74
74%
38%
37%
38
16%
16%
16%
16%
-7%
6%
•7%
7
57
«
47%
67
•
31
'
11
17% Feb
22% Aug
;
8
55
;
81%
81%
2,800
39 y2
40
39%
40
16%
16%
7
17
77,800
13,500
"
:
*185
7
7%
45%
45%'
45%
56 3/a
56%
490
56%
*190
56%
-190
—
57%
190
7y«
-
45 %
<
'
36%
36%'.
363%
"363/4
37
37
36%
30y4
31%
30
-303/4
29%
30%
30
59%
61
60
61%
59%
60 3A
59%
543/4
95 V2
56
86%
86
*
'86%s
55
1
55
55%
r
'
-55-
-
85
86
86 ^
54%'
96
95%
*92*/2
24%
"24%
24
24%
24%
11%
11%
2!
83 L
jMEar'2 /
Jan
4;
»% Mar
12% Dec
9,
32%
Jan
46% Dec
30%
Feb
£44% Nov
11
;65V» Dec
15
—No pat
22% Jan
5
Southeastern Greyhound Lines
22:
24'
Jan
30
Jan
15
48%
Feb
40
Apr
11
20
175
25
115
Jan
5
,4%. Aug'
190 '
8
Apr.
20% Aug
1
40 Yb
Southern
Railway
pat.
prAferredSi.ift_.ilOd
Mobile & Ohio stk-tr ctfs^ft—100
Dec
Dec
180
Nov
•37
Nov
8
17
6
Apr
66% Feb.
Dec.
'60%
26%. Jan
39% Jan. 28
32
Oct
Dec
Apr
Apr
155
4
22 y2 Jan
3
Dec
40y4
18%
1
7%"
•'36%
.33% Feb 26
54% Mar 13
'96
29% July
13% Jan
47% Apr
59% Feb
'
f / 8 % preferred————k^^.100
9
8% Feb-
,
24% Jun
Jan
17% Jan.
Dec
22% Dec
22% Jun
91'
% Mar 14
' 6% Mar 13:
ft 30% Mar 2''
53% Feb 26 ;
0
21 Va
Aug
Mar 14 l
.15
South Porto Rico Sugar——No par
Nov
Nov
36% Dec
14% Aug
41% Jan
15
f
Nov
7
16
South Am Gold & Platinum——
6%
Aug
6
Oct
Nov
20% Jan
26
.
•34
i
July
24
72% Apr. 11
par
\
45% red
81
Jan
71
•
59-
12
,
f
Dec
25%
79%
;
22%
"70%
13% Jan
8
Apr
27 % F6b
10
i;4oo
6
Feb
.
1.4% Feb
54 V2 Apr
3
•
Jun
21% Dec
May
7
Corp——.1.^—u.
96
-
14
-
35% Feb
77
/ 38
Feb
T
Smith k Corona Typewriter_No
Qoeohy Vacuum Oil Co InC—
6,000
24%
Jan
19% Jan
Southern Oallfornla Fdison
55y8
11
38% Jan
Southern Natural Gas Co.^
-7.50
Southern Pacific Co——par
24%
-
Smttlf (A 0>:
20,100
85%
24%
>
Apr
20
—IS
4,200
.
60%
34 Vt
■
11#
'7% Sep
Iron—_20
•2,900
30:
*84%
,-.#'-193 •
85%
*93
*92%
95%
37
>
-70
•
4
;
——No pr.r
A
Steel
$1.20 preferred
>
3,400
2;i00
195
Jan
r
^34% C~ct
9
23
-41% Feb 26
ft.
14%
ft.
16% Jahft'.-ft';
:20ft
ft78 ftvjan
' ^fOO
7
106 -
-
.'
•:
;
16
;
-llVa Jan
Sloss-Sheffield
•
31% Apr, 12
Feb
,
7 ft1
."17% Ma"r
107% Oct
Dec
71% Dec
,30%. Nov
•
9
'40% Feb
.
7*
-98% Jan
60
J?n
4
-27% Feb 26
Sinclair Oil Corp-—
8kelly Oil CO—
..
•
3
Silvet King Coailtlop MJnes—,—8
3,400
16 3/4
60
55%
86
22%
32
*92 Va
95 V2
22%
81%
7%
46%
57
48,100
2,000
17
:
•:
46
21%
22%
;
-7
20
72%
78
:77%
16%
190
22%
1
21%
2oy8 Jan
26% Jan i 2
37
,
35% oct vft:
49% Apr
9
23'
Maf 27
113 % Jan
Nov
65% Oct
•
24% Jan' 17
19% Wtcr 13 .
111% Jan
3'
;
Simmons Ooi_—par
Slmonds Saw & Steele.—-,-_Wo par
5
500
>
1,700
?60
23%
•
38%
•
19%
72%
*20%
72%
21 y4
36%
.
59%
54!/a
*"
86Va
21 v. Apr
Shatiuck (Frank Q|—'
'.-jl.No pal
Sheaffea IW A) Pen Co---^—No par
Shell Union Oil
lJf-.
>12,100
:
5,900
.
39%
<
74%
'
373/4
373/4
'72
72%'
*23
57%:
57
190
19%
19%
46%
45%
190
36%
60Va
"
„
46%
;
31 Va
59%
V
.
23
«
36%
30%
86
20
73%
*185
36%
54%
19 y2
23'A
<
.
190
•92%
-
2iy2: 22%
57%
.
-
13%
44
'72
"
3r300
54'
22%'
73
7%
46%
46%
12%
53%
44
*227/a
36"
16%
*56%
13
44
19%
'72
2
23%
9;300
54%
71V4
75%
*185
19%
"
12%
22
!
n
72
■
180
38
433A
22%
19%.
24
80
53%
*37%
/
ft
19%
-
22%
71
23
74%
J
par.
—No par
-$3.50 eonv pref eer A.
'
80
37%
12%:: 13%
54
:54%
43%- 43%
13%>
54
24
*76
24%
*75
373/4
37
53%
Ji^
4'.
24
*7'3
37
'
*22%
:
'
Shamrock Oll &
Gasl^—
t
Sharon Steel Corpji- ...:—No par
$5 eonv preferred.,
—^.:-Wo par
*
310
-
'
23% ' 24%
'■ :76
75%
-
:*42%
13%
43
*42%
38
23%'
23%
'
7
36%
'■
•
*23
23%
75%
<
53%
71
'
.75-
75
35%
12%
2
29
16
.77% Feb
8
38' Apr 10
8
36 '. Jan
•
"
coftimon,—L
$4.50 preferred -k±-^--Ll--No pat
'
'
*73
12% Jan
;
Roebuck
Servel hrc
50
.
37% Jan
.
.3
26% Feb 25^
Seatrrave
73*200
21%
►111%
112
<■
38. ft.
104%
104% 104%
32
32 %
66:
*83
21
'
Jan
67
'
Na pajb
'
'
28%
38%
:
21%
21%
213/4
/
5% preferred serieis A w
Beabdarti Oil Co ol Deiw-ft
1.000
.
47%
30% I^eb 28
ctjfs w: i—tio par.
l.—100
Seaboard Alt Line
....
14,100
.
.
14
14
'46%
"6,900
1,300
-
<
37
'
i
•21%
28%
35
72%
38
3?
'
38%
""
35
*72
47%
13%
13%.
14^
46%
!
44%
"•
33%
33%
•*71%
>
73
73
34%
38% Jan
Jan
-
24% Dec
62
.
Nov
48% Mar 13
62
Jan
17
32% Jan
60% Dec
81
non-cum
88'
Jan
29
64% Jan
:87% Dec
96
Feb
15
80% Jan
93
11%
Jan
21% Dec
J6 V4 Mar
•12% Dec
'
91
i Feb
26
1 Jan • 4'
,
Dec
'
25
11%
•i
35%
35%
.
.
"*
;
-47%
«
35 !
34%
-
85
100%
36%
383/4
106%
68%
68
46%
*45 '
:
*113%
.39%
115
20
98%
*97
47%
473/4
i
'11%
11%
f
<
34%
33%-
86 V2
86%
86%
37%
-
86%
•38y8
37%
39%
39 %
106%
108
'
106
34%-
115
/
69
68
-46-
45
•45%
'
114
114%
300
<
67%-
*114%
•
$5.5J preferred.^——J-
19
-Gonv
$4.50
>
aio
$4
13% Jan
5
ft
20"
'
73% Feb
13
20% Feb
3
'7%
98V2 Apr, 1
47% Apr
9
40% ^an 30
86 y2 Apr 1
Mar 13 1
33
29
22% Apr
3-
15 y# Mar
40% Feb
26
-
51%'
52%
•
114%
50% i5l%
fft
133%
52
48%
'132
149%
'148%
148%
52 y4
52'/a
52%
52 5/8
43%
44
71%
71%
25%
25%
'
44 V
'
44%
'
71%
70%
25%
•
25%
*107
y
*52
*114-
50 %
48%
-
'
'■
!
133%
148 v
Ift
52%
114 Va
*114
108*
21%
''
•44% iv45»
5
>
.
:
Nq Pat'
27%
47%
25%
26%
26
108
•
*107
'
21%
33% Feb
Apr! 10
*45
45%
45%'
52%
51%
108%
76%
Jan
37%
Jan
39
Dec
75% Jan
21
•47'
Jan
314
41% Feb
26'
110% /Apr
108%:
108%
108%
"108%
223/4
22%
22%
22 y8
32%
33%
32%
32%
32%
33%
22%
22
22
22 Va
22%
22%
31%
23
18%
18%
18%
*107%
75
75%
120
*116%
8%
9%
8%
20%
32%
•
134
51%
18%
12;
30% Jan
3-
116"
16
Mar 12
Mar
32 y4
22 y*
22 Va
22%
32
31 Va
31%
20%
32%
50%
20%
43%
43
47
46
47
47
47
46%
*45%
ft
46%
46%
46%
44%
39%".;
39y»:
39%
39%
33%
34
39%
39
39%
38%
39%
*107
108 Va
1073/8
107%
14%
14
14
14%
39
,14%
.14
14%
Monday
Tuesday
April 9
April' 8
t per share
•
>
$ per share
•
13%
•
•'
Wednesday
April 10
*11%-11%
13%
13%
11
10%
'
18%
27 %
28
19%
108 34
62 "
18%
1C9
62%
62%
23y*
*105
24
106%
For
18 %:
17% Jan
—1
<The» R. S
:
—No pat
...5
41
3
25
Feb
16
.100
...5
—1
Feb
26
49% Feb
7
Jan
3
52% Apr
10
Jan
9
20 y8 Feb
:
26
41%
105%
24 yB Jan
109:
25
7
23
16
6
13%
10%
11%.
19
Jan
22
Oct
;24
NOV
28
18%
Jan
20%
' 110
63.400
Sun
737/a
119
5.300
32
2,800
135
^ 43
) *46
1.800
r
600
f:
300
39%
34
^4.400
34%
7.000
38%
38
"3.700
'
*105
108
-137/a
•
1.700
47
39 y4
^
43
47
*45%
?
Class A pfd
100
13%
-6,500
**unrav
16% Feb 26-
cum)
.100
Inc
—
_
Sweets Co of Amer
ll50
■'
■■
.
:
f
$4
preferred:—————No
Symington. Gould Corp...—t
.ft
1
the Week
STOCKS:
YORK STOfcK
.
WEW
'
;
Dec
■73% Nov
Apr
12
Oct
127% Mar
26
38
Jan
1
r
35V* Jan
.
_j
-
m
48% Apr
"
25
Jan
14
109
Feb
■
9
2.
•
29
16% Jan 28
55%
54%
'
28%
55%
28%
.21%
20%
2Q%
2'8%
20%
footnotes
see
page
2028.
25%
108% Mar
63%
12%
28%
*105
5~%~pf<Ooo
109%
20%
106%
10%-Mar
17
Jan
13
27%
*105
g
63%
.19%
47%
61%
5
Tennessee Corp
109%
20
*38%
Telautograph Corp..——
12%
"28
.
11% Jan
l»20O
4.300
63
19%
48%
g
11%
19%
13 %
*-; 27%
49
40
61%
29%
106%'
*48%
39
*61%,
29%
*105
.
29
49
'
47 yo
43%
40
39
39
61%
61%
61 y2
29 y4
30%
106 %
*28%
"105
lnc (James):
•.
106%
109%
1,930
63%-
12,500
13 Va
20,300
54%
55%
:
3.800
28%
20%
v
-
28%;
21%
48%.'
10,400
*47%
•
39
v.
*61%
28%
•105
>
39%
61%
29%
106%
28,200
~
800
••
-
2.200
\40
4,700
*
Tennessee Gas & Trans
Texas Co (Thel
Texas
^
ft_
)
25
Producing.—.—.ft—._i
Texas Gulf Sulphur..ft—No
par
Texas Pacific Coal,Ac OiL.i..
10
Texas Pacific, Land Trusts
i
Texas 81 Pacific Ry.Co.ft—;
100
Thatcher Mfg Co.,
_N<t par
$3,60.conv preferred—No par
The Fair..:—•
—-No par
.
6%
52
Gulf
preferred
;
io0
Feb
9% Mar
■
!
48
Jan
•>22% Feb
16% Jan
25
Lowest
2
8
111 % ,lan
12
63% Apr
10
10
11
13% Apr
3'
3'
26
Jan
7
7
Mar 14
Feb
105% July,
48%
27
21% Feb,
51% Jan
40
Apr
8
64% Jan 2R
30% Apr 10
105
Jan
13%
1
17
10
Jan
'6% Jan
36% Jan
18% Aug
55% Apr
29% Jan 16
Feb
16
6
4.
25
42
59% Jan
7% Jan
.7% Jan
11% Jan
26
■27
103
4
\'19% Feb
>
':ftl3%- Dec.
Jan.
30%
Jan
14% Mar
44% Mar
8%
«
Highest
t per-share
•'
Ja n ' 15
15% Feb
<13.
4
:
Range for Frtvteus
;
Year 1940
t per share
$ per share1
••ft-43%'Nbv
Apr
<-7% Jan
Range Since January 1
Lowest
? Highest
$ per share„
19%
63%
109%
Talcott
^24% Dec
•
11
*11%
12 Va
55
2,300
14%
63%
12%
.55%
>40
•14
63%
11%
'*6iya "61%
25 Va
25
19
14
Dec
Dec
Dec
'62
Dec
Jan »~39% Nov
Apr /
31% Mar / 5:> t38%-May..
•
Par
40
Aug
17%
28
41
33
137
•.
.
30%
,5
36% Jan
Jan
31"
5
60% Jan< 18
41% Feb
Aug
79f. Jan
4
,
'
Dec
25% Dec
Mar:
22
.
Mar 29
51% Feb
34% Mac.- 4
107% Apr
12% Jan
-
9%
5% Aug
15
138
■
109
3
4
31% Mar - .8
«*•
i
•
4
119%
17
23% Feb
26
f
-
'
i
9V4Jan
53% Apr
,
21
41.Feb
EXCHANGE
Shares
25
Jan.. 3
37% Mar
par
•
Aug
36
25
Swift International Ltd——
Sylvania Eler Prod's Int..
*'0
Dec
57
28% Mar 14
115
Mar
5 ">
12%
'
109
75% Apr
9
123% Mar 25
1,7% Feb
in
!:/■•
5
26'
L
44% Apr -1
100
(Thei—ft
A.'Otf...:
108 % Feb
Feb
118
Corn
Superior Steel Corp..
Sutherland Paper Co
.
>18% Dec
16% Nov
Mar 18
64
Mining do..—...
iUw>
Superheater Co (The)——No par
Superior Oil of Calif—1.-25'
;
20%.'Apr 12
33% Dec
7% Feb
(4%%
Sunshine Biscuits,
Rwtft
Jan
106
supshlne
Sates lor
•
Oil
f
par
ft.— __i.—rNo par
Sun Oil- Co..
90
31,600
Corp (The);..ft
Chemical Corp___>._L___;.
,$4.50 serie^ A preferred—-No
10
1;700
I per share
11%
Jan
34% Jan
April 11
11%
25% Dec
-.28% Dec
26
tper share
19%
Nov
26% Feb
109%
54%
,39%
'
Oct
106
Studebaker
:
13%
Dec
Sep
16,300
Friday
April 12
13%
Dec
•45
Jan
101%
16
35% Feb
8'
47
Aug
34% July
Mar 13
Feb
20%
34
13%
109%
12%
'*47'I
39%
61%
11%
54 %
'
'
Jari
Nov
Jan
109 y4,
54
1
20,
*61%
14
•; 12%
54
H
18%
108%
62%
12%/12%
' 54%
5; •
U:,>
55 39%
9%
Oct
108
Dec
c
13%
11
18% : 18%
108% 108%
62%
105%
'
'£'%/..«?*
;
27
19% Aug
18%
19.200,
Thursday
-
Sper share
12
Dec
:68% Nov
10%
9y8
'
14
Jan
26% Apr
9
108% Jan-17
Jan
•
15
.
13% 1 13%
i
?
107
49% Dec
44%
Jan
56
23% Jan
21%
38
108
8
33%
Vi Apr 11
13
50 Va
34
38
"105
108
20% Mar
.100
Sterling Drug Inc common.
s
3%. preferred
Stew art'Warner .Cbrpfti-ft-»
Stokley-Van Camp Inc..
LOW AND HIGH SALE PRICES
,
tper share
H
33%
39%
"105%
74
38% Jan
44% Jan 11
26*
Feb
20%
^-31%
39%
35
26'
26
;
34%
35 %
- Feb
.
121
Dec
134% Dec
18% Feb
135
46%
45
*45
39%
*
39%
50
39%
34%
f'
35%
1
43
-
26
33% Nov
67% Jan
78% Jan
5
149% Apr
6
54% Apr 12
62% Feb
37
Jan
Jan
21
50%
^
135
43%
April G
%
•32
43
Satnrday
15
31%
134
42%
42 Va Feb
..
49% Dec
115% Aug
Jan
2%
5%
prior preferred—
-20
Stone At Webster.ft
1 -No par
87/a
31
20
32%
26l
•
111%
5
! 1.200
118
9Va
21 Va
51% Apr
135% Apr
13,700
737/8
52
-
Feb
OS
1151/# Mar 21
Feb 28
-125: "
5
19%
119%
132%
•If
H
i-ift?
8%
42
108%
-
119
135
6,400
Dec
40% Dec
116
Dec
2%
*108
51
132%
32%
61
31%
74
32
134%-
8,600
•
Sep
Dec
Nov
Dec
Nov
22V4
22%
20%
*46%
50
32Va>
*22
110
20%
-
22%
.
9%
-
■
-
*73
134
"
14
V'.-l-'
"108
120
9
52
19%
'
74%
41%
•
41%
47
.
19%
110
"116%
9%
'
32%
22
74%
108%'
21%
startett Co
^700
5.100
700
-114
52% Apr
-10.
Standard 8teel Sprlngft
'8.800
••
107% July
9
..25
Standard Oil of New Jersey
Standard Oil of Ohio.'..-...
.3%%' preferred series A.
13,200
45%,
50%
108%
22%
23
.18%
120
50%
110
22%
"108
75%
20%
5C%
31%
110
32
?
45%
15,000
30-.300
20% v 21%
52
22%
*22
32
*39
.
50%-
21V4
•
pref. -No pat
Standard OH of Calif—— -No pat.
Standard Oil of Indiana...
..25
24.900
'
'
26 V •/ 26%
*106% 108
45%
*45
22
*107
ii'..
<•
22%
31%
26%
108
21-
45%
52%
31%
T
26 Vt
iHoo
-
^39
83%
23%
99%
12% Mar
Apr 10
Dec
'
$6 prior preferred.^. 1— -NO
par
$7- prior preferred
.No par
400
-
'
■
21%
51
<-
•
53% .54%.
44% > 44%
73%
74%
--
74%
*107
21
-
145
'
Standard G & E Cd $4
15,800
129
145
53%
■44%--
--
73%
26%
45
*118
39% ,39%
*
-44
108
51%
50%
35
73%
45
20%
*45
44 %
73%
110
20%
•s'32%
134
44 V»
20%
20
47
44%
74
'
400
Jan
39%
-
95
.44% Nov
Jan
109 %
93-% Feb 26
55% 3an
5'
112
Standard Brands, ; Iriei—• .-No pa#
$4.50 nrefferred.ft—/ft
oat
;
-'5,400
1
49%
129
145%
53%
'•
110%
48%
127
145%
53%
*107
51 %»
'51%
"41%
147
53%
74%
9%
*132
147
*108%
120
32
'
533%
51%
110%
49%
*126
71%
21
31
18%
18%
108% 108%
74%
74%
9
147
49
130
22
1
31%
*118
*128
51 %S
112
21%
22%
31%
493/4
49
-
52
*110
44
*108% 108%
22%
22%
50%
131
*146
■'
■51%
52%
50
33%
*22
51% '
1-12% '114
i
j
20%
50
50%
*108% 108%
22%
22%
33
•
52%
1143%>
131
108
*107
I.
20%
132
.
'
Feb
Mar:
32
■■■.
'
52%
♦113
20
Jan
:
80
-
preferred
preferred
Jab
25% Jan 29
3
.92% Jan 14'
-
No par/
^vquare D Co..v
Li
:.__ft
Squibb <E R) .A Sons New.-^ft- —1
3,'100
i;ooo
Jan
10 %
:
.
No pa^
Spencer Kellogg k Bona——No Pat
Bperry Corp (The) k_—L.._—.
Spicer Mfg Co..
——^—No pat
3plegel IUC—ft—
,..2
34,400
-1,300
-
114
46%
■
9(600
<
107%
69 -1
-
10
1.200
•
*44
69
-
oparss Wlthingtons—ii.._No par
Spear. -& Cq.^........
1
'
473/4
47%
Spalding (A G) & Bros Inc—. ..-1
11,300
-1,000
ft
;
98%-
34 Va :
109%
115
2,500
2o
*
/
35%'
107
46%
2oya
■
87
*86%
v
'
46%
i46V4
ni3% w
*113% 116
87
47%
34%
102%
68 :
-
1
68
5
67
1
-
-11%
*96%
-473/4
*96
473/4-
11%
20 y2
.98%
-21
20%
98%'
35%
34%
101%
■
11%
21%
,
*84
34% t. 36%
!
102
11
21
,98%
'47%'
35%
85 "■
1
ft 68%
-;i4&
68
•
98%
r
87
34%
100%
21%
'*47 '
47%
*85
11%
21%
*
*96 '
100
*47
25
11%.
11%
21%
21%
*96
<6
24%
•
25
Apr
x93% July
14
Dec
-13% Dec
19% Dec
110
co
Oct
Dec
10% Dec
>
51% Nov
31% Nov
'20% J"11
55% Nov
31% Dec
<61% Dec
18% Dec
104
Oct
Volume 163 ;
COMMERCIAL
THE
Number 4481
I
'
2027
new york stock ricord
LOW AND
Saturday
April 6
$ per
.
66
13%
61
107«
11
.
„
^16% * 16%
1072
1674
663/4
66%
6.67a
66
66
12%
187a
1374
127a
137.
123/4
18 7a
1874
61
£1%
' 61,-:
110%
10%
X 22%
*1083/4
55
23
223/4
<
109%
23
.
1083/4
627i
10872
107a
1074
55
183%:
227a
62.
*53%
56
223/4
1083/4
467a
467a
4674
467a
467a
467a
4574
61
60%
61
61
613/4
607a
60%
61
61
19%
19%
19%
193/a
19%
19%
19%
20
58%
56
57
26%
5274
26%
12%
117a
11%
117a
112,
577a
55%
58
57%
26%
27
26%
26%
26a^
11%
11%
113/4
11%
12
11%
*111
112%
♦17% - 18
:
1127a
1774
*1117a •112
17%
17%
60%
61
59 3A
60%
6072
75%
76
74%
!753/a
75%
*103
1047s
10474
19
19
187a
59%
597a
597b
223/4
730
112
*11172
111-
' 26%
12
112
>
25,600
80
17%
17%
18
18
18
18
:
6Q3/a
617a
593/4
607a
593/4
60%
•
7574
76
74%
75
743/4
743/a
10374
10374
18%
*10374 1047a
18%
18%
19%
593/4
227a
59
18
104%
18
1874
59
23%
227a
227a
2272
76
72%
•
49
73.7a
2,500
-
N< par
-10
No par;
preferred
-Tlmken Detroit Axle—j
<
" $6
107
No par
No par
•
July
667a
Oct
4%
Jan
68
Jan
23
Feb
3l
5
,
.'50% Jan 29
<
Jan
101
20
Jan
•50
Apr
66
Oct
9
10
Mar
23
Dec
Jan
9
26
Jan
79
Dec
7
18%
Jari
'
71
;
33% Feb
33
Dec
5
Jan
10%
103
Jah
112%
Dec
Dec
12% Jan 29
114
Mar
8
2074 Feb
6
1074 Mar
3
61% Apr
49% Jan
3
76% Apr
5
4
347a Mar
10374 Apr 12
; 147a Jan
4
1067a Jan
10
19% Apr
8
Feb
5
50
7.
Jan
Dec
52
2174 Jan
167b Jan
393/4 Jan
——50
—:-l
-Dec
25
1077s. Nov
Sep
34%
6674 Jan 15
Nov
112% Nov
9% Dec
61% Jun
Jan
16%
29
Apr
112
Apr 12
Mar 13
647a
Jan
45
10674
-13% Jan 29
9% Jah
3
111
Mar 20
■
par.
'13
Jah 29
23% Mar 15
•
par
No
5%, conv prior pfd—
Twin Coach Co—
15% Dec
Dec
15 7a Mar
1974 Dec
5374 July
107s Aug
19
Jah 28
68% Jan 28
112
51% Mar 13
.
No Par
.
.
"
16% Feb 26
No par
No
4
56
No par
-2
Truax-Traer" Corp___i.:
20th Cen Pox Film Corp
$1.50 preferred—
*
$4.50 prior pid—
Twin- City Rapid Transit
Highest
I per share
9% Mar
16
40% Mar 14 '
-10
-preferred—u..,*—.,!—
8
Mar 13
8% Jan : 2
5174 Mar 13
>18% Feb 26
par;
Transcont'l & West Air Inc~—3
-Transue & Willlama St'l:
No par;
Trt-ContinenlraJ Corp
'
—,1——1
2,800;
410
$3.$0 cum preferred-;
Tide Water Associated Oil-
Tlmken Roller Bearing—
Transamerlca Corp——
700
•
No
Feb
70
.
Mar 14 /
108
Thorapson-Starrett Co^
.$3.75
X
$ per share
v
153/4 Jan
8
Jan
.17
.
.
19,500
2,100-
59;
*59
Feb 20
»
*.
17% Feb 18
5
Jan
-
•
"
12
100r
1874
597a
2272
597a
-
22%
2374
*10374
'133/4 Jan
Xear 1945
Lowest
$ per share
60
l,40o
17%
1047b
Thermoid Co common—
i
.1
$2% div conv preferred
—50
Third -Avenue Transit Corp.-No par
Thompson (J. Rl—
JL
,23
Thompson Products com—No par
'
4% preferred———
100
4,200
-
26%
*111
Sper share
-
;
2,600;
20,600'
:
76
*59
23
■
Por
-
6,400
613%
1
"
*103
19%
59%
23%
200
55 Va
267a
567a
27
<
Range Since January 1
Lowest
£•
Highest
*
x
•
15,300
:
21%'
1-
Raiige for Previous
.
exchange
-
46a/8
6074
„
3,000
:
v
19%
,
7,500
" 580
10872
46%
-
1,100
_
227e
107
46
57%
,23%
19,
62
23
IO83/4
-
3,600
1874
56
.
223/4
1097a
til 7b
♦103
"53
23
*10872
450r
j
13
10874 109
r 1074' 107a
'103/4"
1083/4
♦26%
♦111
im
66 r
'12%
'
4,800
-
stocks.
new York stock w
?
~
Shares
16
*64%
109%
10%
55
6474
1097a
55
103/4
•
c
63
f
157s
127a
183/4
647*
109
,
.
1093/a
1074
55
*53
62
,
10974
the Week
$ per share-
1672
667a
no%
V
23 v
109%
*46
r
46V*
,61
61 ,
19%
19%
'
163/a'
13%
.22%
57
t per share
66
♦108%
!
$ per share
Saleafot
April 12
!
,xx;
&
...
Friday
April 11
-187B
109%
55
:
•
Thursday
.
13%
110
'53
,
April 10
16%
66
*
18
60
Wednesday
„
$ per share
16%
13%
.18
April 0,
.
/173/4
66
110
SALE PRICES
Tuesday
$ per share
share
16V*', 16%
,
i* Monday
April 8;
HIGH
3
60
20% Feb 26
26% Mar
102
Dec
17
-
45%
Dec
56
Dec
May
1067a
Jan
Oct
16
Dec
42>
52%
147a
Jan
25%
Dec
Dec
58%
Jan
77
Oct
1474
78%
Jan
93/b
267a Jan 29
jan
U
75
75
757b
77%
76
77
76
76
75
18%
18%
1872
183/4
18%
183/4
18%
187a
32%
317a
32%
31%
3272
31%
327a
187a
31%
120
119
120
112%
111%
111%
*111%
1193/4
1127a
*114
115
*114
1147a
114
114
*114
114%
*1083/4
110
*1083/4
110
*108 3/4
110
*10874
110
27
x267a
27
2674
*11172
*114
-
115
*108%
110
263/4
267b
118
160% 160%
159
160
158
160
119%
*118
119%
118%
118 3/4
*118
187b
31%
32
*11172
1167a
112%
26%
18 3/4
112%
116% 1167b
*111%
117
-
119
.
26%
160
207a
9,109
12,009
327a
11974 "
1197a
*1117a
9,200
1127a
114
-2
1,800
20
•
114(
O 00
30
159%
1607a
1593/4
1593/4
160'
2,300
1207a
119
119'
39
39
39
39%
39%
39%
397a
393/4
39-%
40
40
29%
29%
297b
29%
31%
30%
31%
29%
303/8
297a
3074
114%
45%
114%
112%
1127a
11074
11274
43%
457b
11,509
40%
287s
112
49%
49%
*108
4974
38
147s
44%
50%
497a
88
88
87
37%
37%
38
157a
273/a
16%
'26
147b
£6
57a
.
157a
26%
,
487a
600
1107a
873/4
18.100
4874
*108 7B
*37
153/4
*27
2772
53/4
49%
1037a
53/4
38
3,700
-
30
88
88
*36%
167a
16%
27%
X277a
1,800
38
300
1774
28c
6%
57B
6%
57a
55/b
533/a
53%
543/a
35%
343/4
537a
35%
54
35
35%
38%
547a
37%
387a
5474
3774
547a
387a
543%
37%
13%
13%
13%
13
13%
13
13%
13
1374
147a
*73%
75
73
73
74%
74%
*7474
76
7474
1374
7474
*18%
19
183/4
187a
183/4
183/4
183/4
18 3/4
18%
183/4
*18%
*53
54
53
537a
533/4
54
*527a
537a
5272
53
5272
145
147
145
151
14972
3.509
377B
13%
108,200
53/4
53%
6
6
150
;47
6
54%
'
150
1497a 1517a
1537a
77
64,000
55
8.400
19,300
4,000
79%
130
19
2,000
5272
1,100
150
29%
29%
29%
29%
293/4
30%
303/a
30%
293/4
307b
29%
62%
59%
613/4
59%
62
603/4
627a
6072
6072
5972
6,700
29%
61
603/4
109!
109
109
109
109
24,000
6,800
10974
10974
1087a
11%
11%
11%
11%
11%
11%
11%
*1174
1172
11%
113/4
1,300
30%
*108%
29%
30
30
31%
303/4
323/s
30%
31%
30%
317a
8,300
108
107
109
1087a
*11
3074
108
109
*108
23%
237a
23%
*120 7a
123
124
2057a
204
1247a
2057a
3974
107
24%
*204
39
108
125
*204
204.
38%
24%
124%
125
*204
*107
107
23%
23%
2474
*247o
109
107
126
125
2057a
204
204
237b
1257a
125
J
170
107
107
24%
450
24
2,400
1,300
125,
60
*204
"
387a
387a
*7672
387a
37%
*76
79
*75%
*7674
787a
77
77
79
*76
783A
10
*55
56
55
55
543/4
553/8
56
56%
X55%
553/B
3,000
107a
107a
11
11
11%
56%
11%
557a
103/4
11%
117a
*11
11%
38
38
38%
38%
40
40%
41%
4074
407a
20
197b
20
1974
197b
19
193/4
187b
1974
1,800
2,400
21,400
103/4
*37
197b
777b
3974
387a
38
377a
383/4
397a
183/4
2,900
40
19%
11%
113%
117a
11%
11%
117a
11%
11%
11%
*11%
113/4
500
57%
58
*57 7a
573/4
57
5774
567b
567b
57
57
573/4
573/4
1,000
7a
85
*7874
84
78%
787a
*8074
84
817a
81%
200
*76
62%
617a
53/4
763/4
X6074
57a
53/4
75
183
597s
183
693/4
69
697a
69
6974
69%
69%
*84
85%
*84
85%
85
85
843/4
85
8j5 7a
.
'
16274
27
27%
27%
8%
8%
19%
77b
*1117a
*200
45%
2074
*103
473/4
88
277b
277a
54
54
8
20%
237a
*23
203/4
X10274
20
*102
103
*200%
477a
4974
19%
*112
115
,
237a
19%
.101
100
7%
87s
197a
*112
--
473A
100
100
68
53
237a
203/4
1043/4
*2007a
46
46
BB¬
277a
20
*23%
20%
104
71%
2774
.
*2007a
4772
__
483/a
1003/8
101
101
57b
697a
527a
8
2374
53/4
70
1617b
85
112
20
*102
400
867a
8
1974
*200
183
27%
112
23
—
-
*182
54
27%
8
183%
162:7a
88%
1627a
*53
113
3,500
8,200
9,200
1627a
857a
193/4
19%
20
*111% 113
23%
23%
187b
207a
163
103
77
*867a
847a
1627a
27%
55%
*53
55
*53
85 7b
84%
1623/4 16274
60
75
6974
v
85,7b
*161"
59%
57a
767a
1837b
183
69
597a
53/4
757a
6
777a
76
183
183
*8074
607b
53/4
57b
77
75%
85
60
6074
53/4
76
183
185
*183
613/4
60%
53/4
76%
*11%
-
SS
837b
162
1607a
27 A
*53
7fl/4
■
20
7%
2372
1972
102%
103
*2007a
—
-
85
161%
MOO
27%
3,500
150
77b
19%
115
115
23%
20%
4,400
1,200
24,000
54
1972
115
2372
20
1027s
■
44OO
21.400
300
900
24,000
100
No
12
327a Apr
4
120
Apt
1157a Feb
5
115% Jah
17
98% Feb 26
_23
237a Feb 26
par
No par
100
preferred
non-cum
207b Apr
No par
Union Pacific RR Co
4%
8
3
3:
Jan
1117a Apr
1
112 74 Feb 25
106
Feb 25
Union Oil of California
1407a Jan
No par
United Aircraft Corp—
;
Oct
Dec
Jan
116
Jan x
x11074
7
:
20%
Jan
10974
Jan
151
1003/4
.
12074 Mar 11
Jan
9
29
Aug
25
Aug
104
Sep
4274 Jan
u"
112% Dec
45%- NoV
373/8 Jan 28
377a Feb 26
,267b
2
13
1687a Feb
2
1027a
1177b
9:
27% Jan
if
Jan
Apr
llt3/4 July
1
108% Apr
:
1127a Jan 24
i_100
Union Tank Car
No
par
273/a Apr
2
1103/4 Apr 11
4174 Apr 12
3374 Feb 25.
100
1087a Apr
1
115
No
par
73
Feb
26
88
No par
United Cigar-Whelan Stores-—30c
Prior preferred
——20
30
Feb 26
38
5%
;
preferred—
conv
United Air Lines-Inc—
United
Biscuit
Co-
5% conv preferred—i
United Carbon Co
3
—100
10
United-Carr Fast Corp
United
$3
2
Corporation
Drug
Co
Preferred
USA; Foreign Secur
$4.50 preferred
Dec
.27%
Nov v?
Leather
Partic &
No
Co
——
Preferred
U S
Plywood Corp——
8%
non-cum
U S Steel Corp—
Preferred
1%
Laboratories
Universal Leaf Tob
No
4872
11,200
10074
450
Universal
474%
par
11
Oct
112
Nov
1067b
23
10
11%
Jan
21
1037b
Oct
2
Apr 10
16%
Apr
28
Nov
77
Jan
115
Dec
1157a
Dec
Jan
126
67b Mar
137b
26%
Dec
Dec, i
1077a Nov
80474 Mar
4
77
Jan
3974 Apr
4
13%
Jan
50
Dec
55%
Dec
44
Jan
29
3074 Mar
39
Dec
20'
Apr
6
7%
16%
Dec
12% Jan
11
9%
Jan
11%
Jun
60
16
35
Jan
57
Dec
817a Apr 12
62% Apr
5
46
Jan
67
Nov
27%
Jun
487a
Dec
774
Dec
2
2
Mar 13
Feb 26
Apr
Feb
10*
274 Mar
73/4 Feb
51%
Jan
144%
Jan
777a Apr
4
187
Mar 19
Jan
12%
Feb
737a
.176
Dec
Oct
Oct
677a Mar 13;
847a Feb
52
Jan
77 7b
84
.
89
Feb
72
Jan
89
97% Feb
58%
Jan
Feb
1357a
Jan
160
nov
29% Jan
237b Aug
32
Nov
54
46
Sep
5074 Dec
4
Jan
Jan 22
79% Jan
Jan
3
21
-
Mar 15
Jan
4
Mar 25
21
Feb
166
Api-
20% Apr
.
128
Jan
8%
Dec
43/a
Jan
167a
Dec
987a
Jan
12174
Dec
16
Jan
25
Jan
9
Jan
110
Dec
Mar
200
Nov
25
7
87a Jan 31
20% Apr
6
947a Feb 26
Jan
3
39
Feb
25
100
100
Apr
8
110% Jan
200
Apr
53/8
7574
10
Mar
49% Jan
101
Oct
85% Dec
10
2774 Feb
188
Dec
24
93/4 Jan 28
774 Mar 20
13
153/£ Mar
106
/
•-:
343/4 Nov
70%
1
preferred
Dec
Jan
100
Pictures Conine
Nov
52
387a Jan
63/* Mar
50
.—1
Oct
25
2
'27
Inc
120
Jan
Mar
89% Mar
29
171
United Stockyards Corp—
Universal
Jun
Dec
Dec
1772
13% Jan
23
1
$4.26 non-c 2d pfd-5
preferred———No par
Universal-Cyclops Steel Corp
1
527a
59% Feb
No par
conv
8872
29
297a Feb
53/8 Mar 13
United Stores
$6
Jan
10% May
Jan
66
33%
77
154
preferred
non-cum
Jun
Jan
108
26
Jan
—100
U S Tobacco Co—
143a
32% Apr
4
647b Mar
Nopar
—
Dec
Jan
»
13% Jan
110
Feb 26
41
50
30
293/8
97b
,
22
607a Jan 12
100
U S Smelting Ref & Min_.
Preferred
503/4 Nov
Jan
13 3/4
Feb
51
10
1st preferred
Jan
15%
9
3
10% Jan
No par
V S Rubber Co
3872
5
13% Jan
20
10
——1
tU S Realty A Impt
Jan
10
Feb
Nov
1%
473/4 Mar 13
97a Mar 14
367b Apr
2
10
i
U S Pipe A Foundry
U S Playing Card Co
16
23
Dec
.2574 Nov
593/4 Feb 28
par
No par
—1
cl A—
conv
U S Lines Co—
17
Jan
July
10
227» Mar 14
26
22
/
62% Apr
Jan-
199
Dec
13
30% Apr
6
108
Dec
36
153% Apr
93/4 Mar 13-
106
Jan
Feb
3
1067a Mar
No par
—20
«
7% preferred———.——100
U S Hoffman Mach Corp
1
5
5% % conv preferred.
50
U S Industrial Chemicals
No par
Dec
82
7
2374 Jan
47% Mar
23
,40
6
11074 Jan
No par
No par
Jan
Dec
114
267a
213/a Feb
56
r
Dec
62%
73/4 July
Apr
Apr
85
3
Dec
38%
120
2272 Mar
1674 Jan 23
453/8 Mar 11
Jan
109% May
66
Jan
Jan
55
Apr 12
387a Apr 10
Mar 13.
16% Jan
U S Freight Co
U S Gypsum Co—
U S
7
717a Mar 16
United Electric Coal Cos
5
United Engineering & Fdy
S
United Fruit Co.
No par
United Gas Improvement Co.—137a
United Merch & Mfrs Inc com
1
5% preferred
100
United Faperboard:
10
31%
1774 Apr 12
x28
Apr 12
77b Jan 2 *
3
12
18
507a Apr
3
47% Jan
Jan
5474 Jan
12.
Jan
257a Jan
100
119
2
4% Jan
United Dyewood Corp-————I
preferred
4772
24
No par
No pat
5
preferred1-—i
United
.
117a Jan
.
—
1007b
48
10072
No par
77% Apr
17% Apr
5
No par
■
27.600
437t
8774
109
1,700
'
1121
41%
4974
38
11072
*110
4374
1087a
873/4
15
.26
-4-3%-
507b
109
*108
38
143/4
26 ;
*25%
113
4374
873/4
*36
15%
49%
*112
11072
877a
87%
*36
.4574
49%
*108
110'/a
*86%
112
433/4
45 3/4
Co—
Union El Co of Mo $5 pfd
preferred $4.50 series:
609
*119
'
267B
663/4 Mar 15
23
No par
—
Rubber
Preferrd $3.70 series
26%
267a
Asbestos
Union Bag & Pftper
i
i Union Carbide & Oarb—
110
2674
*11872 1207a
Underwood Corp
Union
1
178
233/4 Aug
10
487a
Dec
Dec
Dec
9
\
LOW AND
April G
$ per share
Tuesda
$ per share
$ per share
April
STOCKS
PRICES
HIGH SALE
Monday
April 8
Saturday
Wednesday
April 10
$ per share
if
Thursday
April II
$ per share
Friday
April 12
$ per share
NEW
Sales for
Par
33%
327s
337a
33
333/4
3374
33%
327a
33
32%
32%
1.900
237a
23%
237a
23%
233/a
22%
233/a
23
23
23
23 3/8
2.200
443/4
111
113
49
*47%
*106% 1073/4
10%
10%
*90
927a
*122
*49 7a
*43%
443/4
55%
247a
55
*113
*98
"
23 3/*
56
123
48
113
483/4
122
'
A-
<
507a
44%
443/4
*98
493/4
43%
23%
443/4
111
*10674 1073/4
103/a
1074
927a
*90
122
*54
105
493/4
4374
443/4
,
112
557a
557a
55
55
55
55
247B
233/a
237a
443/»
237a
23%
3.80O
Vertientes-Camaguey
44%
1.200
Vick
*113
inrr-
*47
48
*91
50
437a
;
10
*90
4774
.
*95
50
507a
443/4
•
88
92
44%
12274
*100
105
50
5074
*44
44%>
~
443/8
4434
443^
4774
*10674 107%
10
107b
10%
1237a 1237a
;
105
.
113%
*11374 11374
—
47%
*10674 1073/4
927B
1237a
*112
113%
47%
*1067* 1073/4
10%
107a
*122
*4474
447«
44%
*112
*
43
44%
,
,
•112
»
*113 7a
46 3/8
112
«...
48%
50
30
600
89
9.10O
400
12274
122
122
50
105
*95
105
20
50
1.400
89
97B
887b
50%
*49%
447a
4474
X44
*43%
107B
443/8
1(400
44
1,200
45
X44
*151
170
*151
170
*151
170
*151
170
*151
170
*151
168
*178
190
*178
190
*17674
190
*17674
190
*17674
190
*1767i
190
*7674
77
447B
.
Sugar Co_6%
Lowest
$ per share
$ per share
Highest
$ per share
293/4 Mar 13
39
Feb
8
Mar
Jan
507a Nov
137s
Apr
2474
19% Mar 13
24% Jan 10
Jan
2
Jan
16
115
Feb
15
Victor Chemical Works—
8
3774 Feb 26
50
Apr
2
Va-Carolina
6%
Chemical
100
No
dlv partic preferred
par
100
107
Mar 28
Mar
6% Jan
777a Jan
3
12% Jan 29
6
99% jin
25
123% Apr
pfd—-100
Virginian Ry Co
20
6$
preferred-'—
—i
25
Vis-king Corp (The) class A
—5
Vulcan Detinning Co
100
80
Jan 21
47
Feb
A
Pow
$5 pref
Va Iron Coal & Coke 5%
Jan
39% Jan43'
Apr
xl61
Dec
Dec
105
Apr
28
10,
9
867a Mar
9072 Jan
2474
104
Dec
103
Dec
Jan
4574
37a Mar
8%
Dec
"
Dec
Jan
81
Dec
118
Sep
124
Nov
57
Jan
83
Dec;
Nov
597a
26
51% Feb
18
4574 Jan
55
4
4574 Jan
30
367a Jan
437a Nov
4
45
Apr
1
170
Mar 29
120
Mar
165
Dec
2
175
Jan
15
145
Mar
173
Dec
Apr
4
22
86
207a
4572
111
Feb 21
Jan
78
20
42
110%
110
2072
Nov
Deo
Deo
Sep
Mar
7
100
172
Feb
100
No par
No par
100
73
18
39
105
No par
98
Feb
26
No par
20
Jan
3
No
13
Jan
3
Preferred
9
1083/4 Mar 18
120
El
112% Apr
1
100
Va
2278
44% Mar 29
44
104
preferred™
Dec
13
32
110
new—
343/4
4
5
2.50
Co
non-cum
Jan
237a Feb
567* Apr
2
—100
100
5%
21%
18% Feb 26
467a Jan
preferred
Chemical
Vlcks Shreve & Pao Ry.^i
3 % % cum
*10674 1073/i
2.50
.10
237a
443/4
No par
Van Raalte Co Inc.
24
*113
105
600
Vanadium Corp of Am
Van Norman Co
56
112%
$ per share
v
33%
243/a
447*
443/4
*111
112%
Year 1945
Range Since January 1
Lowest
Highest
Shares
23
56
Range for Previous
STOCK
EXCHANGE
the Week
(
247a
YORK
W
*737a
193/4
75%
197b
43
43
*108
109
115
11574
*20%
20%
16
16%
15
1574
10674 10674
45
42%
41
*4074
767a
7674
20 7b
193/4
20%
20
457a
45
4574
447a
767a
75
76%
*75 7a
19%
193/4
l°3/4
197a
193/4
43
42%
43
443/8
427a
7674
767a
*108
109
114
1,500
Wabash RR 47a%
20
2.600
4,500
Walgreen Co
106
108
105
105
50
112
113
112
112
1,800
ion
*108
1147a
114%
*112
*20%
20%
20%
20%
*20%
207a
*2074
20%
*2074
20%
100
16%
16%
11%
163/4
177a
16%
163/4
163/4
177a
18,200
*K8
16
109
114
114
4%
preferred
Walker
(Hiram)
Walworth
Co.
Ward Baking
Co
143/4
1574
147b
147a
14%
143/4
1474
143/4
14%
147B
1067a
*10674
1067a
10674
1067a
1067a
1067a
106%
1067a
130
5%%
457b
487a
48%
49
4774
487a
47
48%
487a
67,200
Warner
Bros
407b
41
41
41
42
42
41
41
4P/4
900
Warren
Fdy &
*40 7a
10,200
g & w
Div redeem preferred
*10674
48
preferred
Waldorf System
45
preferred
Pictures
Pipe
par
1
100
2
Apr 12
Jan
x117b Mar 15
103v* Jan
3
Feb
6
Anr 10
Mar 26'
11772 Jan 14
2174 Feb 21
18% Feb
16
157< Apr
5
107% Feb 20
5
31
Jan
3
49
Apr
9
No par
35
Mar 15
50
Jan
16
64
135/a
3072
105
6172
Sep
Jan
Jan
Aug
Mar
19
Sep
83/4 Jan
83/4
913/4
13
2972
Oct
Oct
Mar
Apr
,Dec
Feb
Dec
163/a Dec
105% Dec
35% Dec
50
Dec
147/a
1
*V*<5"ft'Jrt"-wi^, 'J*
••Jiw« Mfcfi''J'/1" •>' V t
^
v
Vi'
K
Monday, April is, i946
CHRONICLE
THE COMMERCIAL & FINANCIAL
^ Wii1^"v'*-
YORK STOCK RECORD
I per
tper share
share
-
-
/"
April 9
f
"
I per share
<
Friday
April 12
$ per share
$ per share
S per share
5
23%
24
23%
23%
23%
23%
35
35
34%
34%
34% -34%
34%
23
32
32
24
23%
24%
24
24%
34%
*34%
32%
31%
3iya
34%
31
*34%
35
EXCHANGE
the Week
31
400
32%
♦43y4
43%
43%
43% : 44
43%
43%
43
43
14%
14%
14%
15
15%
15%
15%
15%
15%
39
39%
39
39%
38%
38%
38%
2,000
39%
■
88 ■•'
'£ 42%
42
♦114
88
42%
113
111%
115%
115%
46%
46%
47
88
*87
88
42%
43%
42%
43%
116%
115%
115%
60
119%
110%
120
120
113
113
113
111%
112
116%
116%
117
117
116
116 V*
51
48
48%
48%
48%
48
90
116%
116%
30%
30%
29%
30%
29%
29%
28%
28%
2,200
73%
♦71
72
73%
72
73
72
72%
72%
73%
74
74
2,500
10
25%
10
10%
9%
9%
10%
3.000
253/4
25%
53%
993/4
38%
22%
*24%
25%
*24%
25%
1,000
52%
53%
51
52
2,900
99%
99%
99%
100
1.400
37%
38
*22%
24
9%
25%
25 %
♦25
253/4
25
53%
53%
53%
53
98%
99
99
99%
36%
36%
.10,600
'35%
33,400
Westinghouse Electric
43%
43%
500
42%
42
433/4
43%
44%
43%
42%
42%
104
103%
40%
38%
40%
16%
15%
*85
11%
26
11%
11%
11%
11%
11%
25%
24%
25%
11,600
100%
100%
19%
19%
19%
44%
44%
44%
58
58%
45
65%
66%
•
66%
65%
44
60%
*98
100
*98
100%
♦98
100
100%
*98
100%
*98
100%
/100%
*98
*98
100
100
*91
f 94
*92
93
93
*93
94
80
80
80
80
40%
43
42%
42%
52%
52%
53
54
54%
57%
25%
24%
25%
24%
25%
30%
25%
31%
*31
31%
31%
71
71%
70
70%
70%
27%
27 V*
27
27%
13%
♦Bid and
2
5%
43%
800
60%
61%
21,600
68%
69%
100
*100
*92
94..
94
M'
56%
53%
54%
24%
24%
York Corp
31%
31%
30%
30%
72
71%
72%
72%
73
72%
74 V*
9,400
27
27%
27
27%
27
27
26%
27
2,800
38%
38%
13%
2,200
9,600
New Stock,
r Cash
ml*.
ic-r
•ic.
M
Stocks,
Railroad
Number of
Week Ended
and Miscel.
Shares
April 12,1946
Saturday
Monday.
Tuesday
Wednesday
Thursday—
691,780
1,246,410
$1,744,000
3,503,200
1,705,770
Friday———
Total
4,915,100
1,578,450
5,003,800
1,208,910
1,235,080
————
7,131,500
7,666,400
6,049,200
$28,346,800
Week
1946
Stocks—No. of shares...
7,666,400
Bonds
United States
Total
Foreign
Government
Bond
Bond*
Bonds
Bonds
$137,000
2,130,500
28,346,800
Railroad ft industrial
TotaL
on
$30,614,300
$305,000
284,500
435,000
464,000
403,000
239,000
$15,000
14,500
39,500
22,500
11,000
34,500
$2,130,500
$2,064,000
3,802,200
5,389,600
5,490,300
7,545,500
6,322,700
$137,000
Ended April 12
$30,614,300
f.|
Jan. 1 to
•
30
20
Indus¬
Rail-
1946
Jan
100
Nov
80
Jan
100% Nov
75
Jan
110
Nov
Oct
7
99
9
100
Apr
3
106
Feb
Mar
2
82% Apr
1
69% Mar
84
4
44% Apr
4
13
Jan
233/4 Dec
32% Jan
473/4 Dec
4
423/a Mar 14
57% Apr
9
21% Feb 26
27% Jan
31
13% Jan
27% Mar 13
35% Jan
17
19%
613/4 Mar 13
74% Feb
5
25
31
243/a Oct
Jan
31%
Dec
39% Jan
703/a Dec
Jan
29
20
Mar
27%
Sep
42% Jan
15
Dec
4
34% July
5% Jan
44%
14% Apr
Jan
wd When distributed.
2
3
x-Ex-dlvldends.
123/4 Dec
y Ex-rights.
Bonds (Par Value)
oj
Week Ended April 12,1946
Foreign
Shares)
Saturday
Tuesday
Wednesday
Thursday
Friday
_
Total
Domestic
Government
362,075
680,660
661,035
593,870
522,990
487,350
$198,000
317,000
298,000
279,000
198,000
266,000
$64,000
$1,556,000
3,307,980
Foreign
Corporate
$110,000
; 1,532,500
.41,021,800
$2,609,600
Domestic.
443,744,700
$1,999,550
33,586,400
783,130,700
$42,664,300
$474,804,000
$818,116,650
Total
$276,000
52,000
$14,000
1,000
6,000
3,000
9,000
1,000
$272,000
$34,000
$1,862,000
72,000
22,000
39,000
23,000
Week Ended April 12
1946
1945
1945
Stocks—No. of shares
•
trials
roads
204.98
64.32
11
4
Total
10
Utili¬
65
Indus¬
ties
Btocke
April
6
8
63.74
43.05
April
9
208.03
64.27
43.13
April 10
208.02
64.19
42.75
t
206.93
64.06'
42.73
;
76.75
Nov
79
Nov
53% Dec
Feb
April 12
IV
.
28,449,700
,
390,000
326,000
321,000
230,000
319,000
Jan. 1 to
1946
April 12
1945
3,307,980
1,588,714
58,581,200
33,979,262
$1,556,000
272,000
34,000
$3,607,000
20,000
$28,136,000
5,117,000
i
220,00 0
$48,790,000
19,645,000
343,000
$1,862,000
-
Foreign government
Foreign corporate
TotaL
$3,829,000
$33,473,000
$68,778,000
63.63*
43.00
76.46
First
Grade
trials
Ralls
106.18
119.64
s
10
Total
Utili¬
40
ties
Bonds
109.73
109.56
52
134
Central Hanover Bank ft Trust 20
Chase National Bank
15
115
119
Chemical Bank ft Trust
10
Commercial National Bank ft
Trust
Co
JI00
Grace National
43%
45%
Lawvprc Trust.
50
52
Manufacturers Trust Co
Morgan
iJ
Pi
*00
344
11
—10
19%
—100 1,950
:">c
20
ft Co Inc—_100
49
62
317
48%
51%
21%
22%
New
25
110
63%
66
Public Nat'l Bank ft Trust— 1*u
45
Sterling National
96
26%
109.67
109.53
Continental
102.50
109.71
109.53
Corn
119.66
102.52
109.57
109.49
-
Bank
ft
ErrnUrp Trust
102.26
109.51
109.40
102.11
Fiduciary Trust
109.54
109.33
First National Bank.,,
5r
10
121
41%
100 1,860
126
44%
1,920
National City Bank
York
12%
Trust——
Title Guarantee ft
——
.25
Trust—-12
United States Trust—;
&ik
215
190
—100
———
Guaranty Trust
Irving Trust
"
Kings County Trust
200
Trust__'_10
102.51
119.64
106.19
119.63
—20
Bid
Par
Fulton
Exchange Bank ft Trust-20
119.72
106.26
106.04'
452
50
106.25
76.62
440
ask
35%
129
77.04
119.60
100
Rid
33%
._10
77.16
106.21,
10
—100
76.39
r
42.70
Second
Grade
Rails
Bank of New York
Brooklyn Trust
10
102.79
Bank of the Manhattan Co
202,000
City Banks & Trust/Cos.
Par
Bankers Trust
-Bonds—-
April
206.96
70
Stocks
107,901,873
10
"
Jan
<Number
126,369,877
-Stocks-
April 11
April 12
37
38
34% Mar 14
are
205.43
22% Jan
40% Jan
69% Apr
10
Apr
4
Apr 10
20% Jan
f
.
>*.$613,830
the daily closing averages of
represehtatiVe stocks andbondi
the New York Stock Exchange as
compiled by Dow, Jones & Co.
Data—
Apr
9
61% Apr 12
26
10% Jan
New York
listed
45
Feb
Bonds
U. 8. Government.
Foreign
Below
Dec
1383/4 Dec
Daily, Weekly and
>vO»V X
?
Sales
:/!_,//1945
Special sales,
22
Jan
Transactions al the New York Curb Exchange
Daily, Weekly and Yearly
■
•
13% Jan
128
142
77
Zonite Products Corp.
n
Feb
5
Mar
5
26
Mar
89
Zenith Radio Corp.
13%
this day.
tin receivership
a Deferred delivery,
until Aug. 1, 1946, 4% per annum thereafter.
7
93
Young Spring ft Wire
No par
Youngstown Sheet & Tube—No par
Youngstown Steel Door
No par
,
10% Jan
5
21
91% Jan
28
1
31%
24%
31%
5,000
4,000
1,500
Tale ft Towns Mfg. Co
24%
31
Oct
12
Dec
26% Jun
19% Nov
6% Mar
16% Mar
19% Feb
50
No par
55
Jan
16
263/4 Jan
50% Feb 26
No par
56%
Jun
35
213/4 Feb
34
10
25%
94
30
100% Feb
-10
24%
Dec
833/4 Jan
17
142
55
18
24
29
18% Mar 19
993/a Jan
pfd—100
(Del)
Jan
Jan
Jan
12% Jan 29
16% Mar 13
par
1
•
17
No par
No
Oct
35
Mar 23
9% Mar 14
10
Tr
19% Jan 30
103
95
13% Mar 13
84
19% Mar 15
Wrlsrlev
asked prices; no sales on
U
•.
8%
x33% Jan
Wyandotte Worsted Co
'
47% Dec
Jan
1,400
13%
*78
Feb
107% Jan
26%
4,800
39
Jan
1013/4 Aug
31% Jan
28
79%
13%
64,
_
16
16
Jan
42%
38%
11
Jan
44
79
13%
Jan
583/4 Feb
26
41%
39
72
106
3
Jan
35% Feb
80
13%
26
Mar 26
45
31% Dec
47% Dec
41
38%
Feb
101
Jan
79%
13%
43
Dec
105% Dec
107% Jan 31
5
Jan
41
39%
28
103% Jan
70
50% May
45% Dec
11
Jan
21%
80
13%
48% Feb
42
87%
42%
39%
25
12
9
80
13%
Mar 22
36% Mar 21
Jun
35% Apr
Co
'Wml
Feb
40
3
Wright Aeronautical
20
Transactions at the New York Stock
'
•
32% Mar-13
40
Worthington P & M (Del)—No par
Prior pfd 4% % series
;—100
Prior pfd 4%% Conv series—100
300
92
104% Apr
Woodward Iron Co
.3,200
10
64% Jan
21
41%
I
39%
annum
100%
*92
94
13%
per
69
Jan
373/4 Jun
57 Va
July
26
Woolworth (F W) Co
100
*98
99% 100
39 Va
39%
13%
39%
43
61%
'30%
—1
Wisconsin El Pow Co S%
43
*98
'
Wilson-Jones
165
4
Dec
14% Jun
Feb
98 % Jan
Motors
preferred
$4.25
13%
27% Feb
Wilson & Co Inc—
1,200
*147
68
preferred
Willys-Overland
800
19%
165
*147
69%
67%
18
99%
.
19%
60%
44
58%
67
17%
99%
*19%
18%
100
42%
165
58%
58
65%
19%
*147'
45
58%
99%
19%
•
*145
58
100%
19%
18
19%
*43
18%
100%
100%
19%
17
20
Oil Co
Wilcox
2,900
45,700
24%
17%
32% Jan
81
Jan
1
No par
—20
Corp
preferred
conv
Prior
200
26%
100%
*145
35
35
36
White Sewing Mach
11%
100%
19%
*34
4,800
$4
4%
1
16%
10
16
32% Mar 14
100
,—100
No par
No par
White Motor Co
25%
18%
18
18%
18
35
35
690
3,000
87
87
90
preferred-
39%
16
16%
*87
conv
Wheeling Steel Corp
$5 conv prior pref
White Dental Mfg (The S S)
600
11%
1
25%
■
90
35
5% %
2,700
26%
11%
11%
24%
36
16%
16%
16%
*87
90
*34
36
11%
*145
38%
40%
24%
18%
39%
40
11%
18%
38%
35%
24%
*100
104%
104%
35%
*34
36
103%
*34%
103%
35%
Wheeling & Lake Erie Ry
50
35%
104%
35%
$3.75 preferred
100
35%
103%
35%
15%
72%
103%
49%
88
60
49%
51%
15%
1,200
49%
50%
*84
Weston
Westvaco Chlorine Prod
105%
v
Dec
13% Jan
36% Mar 15
12%
12.50
No Par
No par
Elec Instrument
7,500
49%
104%
51%
40%
*70
*103%
Jan
3
32% Jan
23% Mar 30
Corp-—12%
105
105
72%
106
50%
*34%
*34
*70%
*103%
106
103%
103%
35 %
15%
72%
*103%
40%
103%
87/
*70%
70%
106
104
'
52
51%
51%
15%
70%
72%
*70%
*103
"•
106
9% Mar 15
No par
Preferred
38
*37%
38
9
Apr 12
Oct
34%
105%
Jan
74
Oct
43%
38
11
35
38% Dec
37% May
36%'"
105%
116% Apr
Dec
29
35%
38
2
118% Dec
40
Dec
115
Dec
3% Dec
56
42%
105
25
Jan
112
Sep
223/4 Mar
35
35%
37%
Feb
57
Jan
113%
10
14
36%
104%
7
27
101
18
Apr
22% Apr
43%
'
112% Jan
51
9
263/4
38
119% Feb
26
Jan
14
.35%
108%
3
35% Feb
110
11
Feb
42%
37%
115% Apr
Nov
Jan
Apr
35%
*105
23
113% Feb
37
113% Nov
118% Oct
109%
56
36%
38
100% Jan
6
53% Jan
35%
43%
'43
23% Mar
11
122% Feb
100
43%
-:i
5
116% Apr
2
36
;
43% Feb
3
4
2
35%
36%
2
Jan
46% Mar
42
"
16% Dec
38% Nov
89% Nov
Jan
.
87% Jan
36% *
51%
40%
,
100
May
24
84% Apr
100
class A-No par
A
35%
38
72%
*84
24%
*22%
series
ti
piqqq
11
Dec
333,4 Dec
47% Dec
—Novar
Preferred
Western Union Teleg
19,900
/10
1
■
Jan
Western Pacific RR Co com—No par
Westinghouse Air Brake
r«
106% 106%
104
35
:t)
38
87% Feb
—100
42%
'•
*70%
22%
-
25
-
37%
41% Feb
36
Lines,
42
106%
*103
*22%
10
16% Jan 31
3
62
112
Inc———I
Western Auto Supply Co
-10
Western .Maryland Ry
—100
4 % non-cum 2nd preferred—100
Air
Western
36
38%
38
♦106%
f>
37%
38%
116
34%
42%
V-T43.:'/'
>
25
♦22
1*22% V 25 -<-:
36%
36%
34% .34%
43%
42%
99%
100
37%
38%
38
38%
—
53%
53%
53%.
98%
38 %
*116%'
—
9%
9%
10
10
*116%
30% Jan
100
No par
4%% »fd
4%% preferred
100
30%
—
31
21% Nov
Jan
Mar
115% Jan
—
West Penn Power
24%
20
47% Jan
12% Mar 14
S per
share
14% Aug
100
100
West va Pulp & Pap Co
4,600
116%
30%
*116%
preferred
preferred
1%
6%
250
30%
♦116%
.30%
West Penh Electric
220
Highest
$ per share
16
85% Mar 15
Corp
*
1
class A—No per
West Indies Sugar
9,600
116%
119%
*112
117%
50%
*87
Lowest
35% Mar 14
25
33% Jan
No par
No par
Snowdrift
Year 1945
II
34% Feb
9
Feb
g
24% Apr 11
28% Mar 14
?
Inc
Tobacco
Webster
Wesson Oil &
,$4 conv preferred
43%
119%
112
116%
47%
46%
119%
■112
88
40
Range for Previous
''
*
tper share
share
Jan
30
Wayne Pump Co
800
116%
*115
115
119
116
/
'42%
43
115
112
115%
♦111%
;'
I 42%
'
a
44
•:
*87
88
*87
•
43
115
119% 119%
118% 119%
/
*86
*114
115
•:
44
■
No
par
5
1
Washington Gas Lt Co—.
Waukesha Motor Co
10.700
39 %
15%
38%
15%
M '38%
h»86%
15%
39%
"
Highest
- ■
18% Jan 24
5
Petroleum Corp—
Warren
'
1,800
32
-
t per
Par
6,000
31%,
44 ::
31%
•
Lowest
-
<HV'y
Shares
32
A
Range Since January 13
NEW YORK STOCK
Sales for
ti
i'
STOCKS
.Wt i
SALE PRICES H
Thursday
Wednesday
/
April 11
April 10
i tow AND HIGH
I^;!i#^»e8dayv
Monday
April 8
Saturday
April 6
100
47%
775
353
20%
2,000
53
64
323
49 %
114
47
100
28
805
THE COMMERCIAL &
; Number , 4481
Volume 463
Bond Record
are
WEEKLY
-
range are shown
In a footnote In the week
'
,
•
-
■
1
.
disregarded In the week's range, unless they are the only traauneviena of
No account is taken af such sales In oomputing the range tor the year.
/
|
Stock
Friday
Week's Range
Interest
Last
Period
Exchange
Sale Price
or
U. 8. Government
3%s±:
Treasury
...
Treasury .3 Vis
s
3s.i——
—
Treasury 3s
——
Treasury 2%s~~—^——
Treasury
2%s,2 % s.
Treasury
Treasury
...
1956-1959
Treasury 234a.
.1958-1963
Treasury • 2 %s
—
1960-1969
Treasury-->3V&8^«.WM.A....M.. .'...all949
.
*105.12
*108.5
Treasury 2 %s.
;—,—
1949-1953
•Treatur^a^e^-i?^ 'Mrffaoooffosa^
Treasuty^ttB^.;;.*;, ■l.^.,-,-;»-1952-1954r ■■;
*110.26
M-S
M-S
100.28
115.8
Range Since
115.10
*103.23
Low
High
II
100.15
100.30
II
100.25
101
111.9
111.18
3%s
115.8
115.26
3%s
3%s
Series
3%s
Series
No.
3
II
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury 2s
Treasury 2s —
Treasury 2s..
...
1951-1953
1951-1959
June 1952-1954
Dec 1952-1954
—1953-1955
June 15 1948
—
2s
Treasury 2s
Treasury 2s
Treasury
.
Treasury l%s
lVaS
Treasury
1950
—
-•
M-S
J-D
J-D
M-S
__
118.15
118.23
Series
No.
No.
21
No.
*105.26 105.28
*106.26 106.28
„
II
—
106
-
107.7el07.10
—
107.2
107.27
104.9
106.19
103
107.9
Series
No.
—
■
29
4
102.22
107.9
4
102.11
107.9
107.7 - el07.5
107.9
16
102.11
107.9
21
101.16
106.15
6
108.30
109.15
106.16
3%
106.1
106.15
109.7
109.7
106.1
106.3
106.16
*107.5
*109.21
29
101.15
105.24
external
*107.6
107.8
104
104.6
104
104
—
12
104.5
*102.2
Canada
106.20
107.14
100.29
104.16
*101.29
AChlle
101.4
104.7
M-S
103.6
M-S
*95% 110
*102.31
103.1
M-S
M-S
*103.17
103.7
103122
103.19
103.27
103.30
97%
33
94'
96
23
A-O
95%
95%
17
J 979
M-N
99% 100
2
J-J
77
77
1
95%
88%
90%;,100
78
34%
A-0
*104.14
104.19
104.16
104.19
104.14
104.23
a 6s
104.26
104.10
107.2
*101.20
101.22
101.30
101.31
*101.24
101.24
101.17
102.17
el 24% 125%
125%
38
120%
24%
.1960
A-O
30
287/e
30%
57
21 %
1901
F-A
30%
30%
30%
1
22%
30%
30%
17
21%
30%
21 y4
30%
Feb
F-A
..Jan
1961
1961
J-J
.1962
A-0
29%
M-N
30%
A-O
*79%
*79%
104%
—
—
—
79%
77
79%
13
97%
104%
J-J
37 y4
36%
37%
10
36 y4
23%
28%
A-O
21
29
M-N
23%
28 %
M-N
29
21%
29
.1969
M-s
*23
.1960
M-s
28
.1991
J-D
*28%
1961
A-0
*82
J-J
A-0
A-O
loan
.1949
21
91
94
40
88%
32
36
39
106
108
*106
*103
J-D
*167%
A-O
100
191
A-0
101
113% 113%
J-J
A-O
97
22
36 %
37%
5A2d
series sink fund 5y2s__.— .1940
A-O
37%
4
36%
37%
13
36 y4
37%
Customs Admin 5%s 2d series.— .1061
.1969
5V2S 1st series'J.
M-s
37%
A External
s
A-0
32%
30%
32%
14
30%
32%
.1069
A-O
A-0
32
30%
32
16
30%
32
30%
32%
Apr__—...1972
(Commonw'lth) 5s of '25.1955
8 f extl conv loan 4s
Australia
External
5s
1927——-—-—1957
of
External g 4%s of 1928
.1956
-1949
Belgium external 6%s—
External
s
s
:—1955
1955
1941
f 6s..—
External
f 7s——
lABrazil (U 8 of) external 8s
Stamped pursuant to Plan A
102% 103
M-iV
104%
s
2
104% 104%
14
100%
111
96%
100%
A-O
100
100%
28
96%
100%
J-J
109%
109% 109%
M-S
104y8
104 y8 104%
14
103%
42
101
103%
107
108%
102
M-S
——
J-J
——
J-D
*108%
*108%
__
—
72%
75
105
108%
111%
115
3
64%
75
65
62%
78
—
A-0
78
A-0
A-0
66
—
A-0
J-D
J-D
78
78
69
~1
58
69
—
*78
62%
66
—
—
68
15
58
77
11
65
65
59
69%
—
69%
69%
69%
1
65%
64%
65%
44
61
65%
13
61%
61%
61%
61
3
64%
65%
68
No.
4—
64%
65%
39
65 %
65%
1
5
6
7—
*69%
*77%
*77%
No.
9
Series
No.
10
3%s Series No.
12.
3%s Series
3%s Series
3%s Series
3%s series
15.
No
16—
For footnotes
see
page
68
81%
78
79%
77%
80
79'/8
80
79%
77
80
64%
60%
-
60%
64%
63%
61
*34%
M-S
*105
J-D
50
102%
__
50
50%
*101%
105
„
part paid—
—.—1964
part paid
1968
(Republic) s f 6s series A—1952
Helsingfors (City) ext 6%s
,1960
Irish Free State extl s f 5s
..J.880
18%
-
A6s
18%
16%
17%
100% 100%
£g
2
111
17%
9
16
5
100
*96
22
19%
102
95%
A Jugoslavia
M-N
(State Mtge Bk) 7s.—1957
*103
A-O
102
16%
32%
16%
1
31
32%
24
1954
J-D
(Prov) 4s readjusted—,—1954
Mexican Irrigation—
■
A4Vas stamped assented
1043
A Assented to Nov. 5. 1942, agree
AMexico (US) extl 5s of 1899 £—1945
AAssenting 5s of 1899....
1945
J-D
*98% 100
M-N
*13%
AMedellln
(Colombia)
6%s
Mendoza
95%
A Assented
to
Nov.
5,
Q-J
*21%
Q-J
*16%
31%
11
64%
60%
64%
17%
—
15%
securities
iwfarhs & <70- bw.'
foreign securities specialists
50 Broad St. New York 4, n. y.
64 %
60%
64%
64%
64%
60%
64%
Telephone HAnover 2-0050
:
11%
21%
__
FIRM TRADING MARKETS
pabl
I,
__
For Financial Institutions
foreign
24
98%
—
*21%
1942, agree
14%
30
96%
-J'
*11
*
104%
—
63%
64%
64%
64%
...
2033,
J-J
64%
70
*64%
14
No.
67
64%
*64%
No. 13—
No.
103
102%
65%
79%
64%
11
»%s
63
81%
*77%
,
Series
102%
9
66%
No.
Series
8
"5
*102% 105
67
Series
No.
102%
65%
e64%
3%s
No.
97%
102%
—
77
59
*71
3%s
No.
90%
68
68
65%
Series
104
33
69
7
2
Series
100
102% 102%
102% 102%
A-O
A7s
Haiti
1
*71
.
No.
No.
110
3
—
Series
Series
106%
60%
—
114% 114%
J-D
7
0%-s
Series
98
4
105%
102%
M-N
(Int reduced to 3.375% )—.1979
External $ bonds of 1944 (PlanB)—
3%s Series No. 1
3%s
103
104%
100
A-0
Series No.
100%
101
F-A
J-D
3%s
*%s
3%s
3%s
101
96
Greek Government—
M-N
(inReduced to 3.5%)
1978
AExternal s f b%s of 1926——1957
Stamped pursuant to Plan A
(Int reduced to 3.375% )——1979
AExternal s f 6vis of 1927
1957
Stamped pursuant to Plan A
(Int reduced to 3.375% )
1979
A7s (Central Ry)
——1952
Stamped pursuant to Plan A
(Int reduced to 3.5%)
1978
5% funding bonds of 1931
Stamped pursuant to Plan A
1
3%s
7s_—— 1967
.1949
French Republic 7s stamped
1949
7s unstamped.
98%
22
*101%
371/e
(Republic of)
101
1
98
*101%
37%
A Estonia
166%
98
*102%
36%
—
113
162
2
97
A-O
36%
5%s 2d series
108%
112% 115
101
M-S
.1940
108%
2
__
102% 102%
102%
94%
112
97%
F-A
37>/4
32%
109
.1945
37%
120
96%
96%
36%
(Rep of ) 8s ser A. .1951
.1952
ASinklng fund 8s series B
1942
lADenmirk 20-year extl 6s
External gold 5 %s
.1955
.1962
External gold 4%s.
.1942
lADominican Rep Cust Ad 5%s
37%
30%
52%
*109
J-J
109
51%
95%
j-D
J-J
12
52
1
36
J-J
5A 1st series 5%s of 1926.—.
52%
83
F-A
debt
82%
65%
51%
52%
.1953
external
J-J
13
81%
152
58%
51%
65%
94
M-N
M-S
1945
114% 115
85
37
83
96%
M-N
bv.
28
30
36%
J-D
i
1991
27
18%
81%
52%
F-A
1952
4 %a.
29%
*52
.1953
.....
11
28
63%
65
23y*
22 %■
*52
M-N
~1
29
*82
1961
6
29
29
.1947
;
,,
Rica
30
.1970
Jan
f $ bonds
29
A-O
.1962
1927
20 %
.1962
Oct
*29
.1961
1928
J-D
.1961
__
28%
1061
1949
32%
25%
1981
1949
115
30%
21%
23 »/4
f 7s series B
A-0
21%
*18
f 7s series C
J-D
19
21
29%
*29
f 7s series D_
(City) external 5s_
,1958
Argentine (National Government)—
S f external 4%s__——1941
8 t conv loan 4%s—...1971
8 f extl conv loan 4s Feb.—.—.1972
30%
J-D
s
A Antwerp
30%
24%
J-D
s
1st series.....1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
22%
5
M-N
External
f 7s
25%
~4
30%
30%
30%
J-D
AExternal
s
30
30%
24%
.1949
.1977
37%
104% 104%
30%
21%
1957
(Rep of) 7s—.
Cuba (Republic of) 5e of 1914
77
20
30%
1963
Copenhagen (City) 5s
25-year gold 4%s
__
21%
30%
1957
A Czechoslovakia
——
29%
30
A-0
1963
(Hukuang Ry) 5s
(Republic of)—
External
91
.30
,30%
24%
M-s
sinking fund 7s of 1926———..1948
ASinklng fund 7s of 1927—. .1947 ??>•
1-1603
30%
29
30
M-S
A
NY
30
Sep 1961
Sep 1961
1962
AColombia Mtge Bank 6%s
Teletype
29%
J-J
Jan
s ! ba-
1961
assented.
A Costa
5
21%
1
assented.—..
s
23
22
5
6s assented
of
102%
63%
M-N
63%
59%
30
fund 6%s
a 63
*—
30%
assented
3s external
114%
101%
J-J
28%
30%
Feb
sinking fund 6s
of
111%
5
-
30%
A6%s assented
a
11
102
A-O
AChlle Mortgage Bank 6%s
A6%s assented
125%
110% 112%
.114
102
111%
M-N
assented—
a 6s
11
114
J-J
1942
AExternal sinking fund 6s.
104.29
*107
111% 112%
J-J
1942
Sinking fund 5%s
a Public wks 5 % S—
A External
r1
—1960
assented
AExternal
4%s
A
87
1948
15
f 7s
a
assented
a 6s
*104.12 104.14
Broadway, New.York
M-S
05%
|;67%'
94
195*
assented
a 6s
104.14
Members New York Stock Exchange
4s—.1968
—1949
95%
-86%
M-S
i960
AExtl sinking fund 6s
104.3
104.6
104.6
Wertheim & Co.
coll 7s A
102%
,104
1981
ARy external
103.11
Foreign Securities
(Dept)
102%
'
F-A
(City) 8s
a 6s
(Xing of Norway)
100
.1984
Sinking fund 6s
a 6s
Colombia
AAntloquia
102
103
.1978
—,
assented
AExtl
103.9
a Chinese
Akershus
101
103
*102
.1979
Jan
(Rep) External
A 6s
103.9
103.6
——1941
:
101%
101
F-A
Ms assented
a 7s
AGtd sink fund 6s
62 y4
61
.1977
f $bonds_
a
63%
BO%
64
69
64
60%
#
65
101
62%
>63%
60%
63%
.1961
AExternal sinking fund 6s
101.31
*103.4
7
*102.27 102.29
f-a
63%
60%
J-D
3%s
ACarlsbad
102.4
104
*103.9
Foreign Govt. & Municipal
Agricultural Mtge Bank (Colombia)—
AGtd sink fund 6s—;
1947
,64%
1950
A Chilean Cons Muiilc 7s
120
60%
61
1958
(Dom of) 30-yr 4a
25-year
2%a
a 6s
REctor 2-2300
3
64
1997
AGuaranteed sink fund 6s
Telephone
64%
'
109.23
*103.4
J-D
64%
-*64%
A Guaranteed sink fund 6s
1980
60%
107,7
*105.22
107.19
63%
—
External &.f 4%-4%s
106.1
109.7
__
5
-*64%
_
(City) s f 5s
Sinking fund, gold 5s
Sinking fund gold 6s
Buenos Aires (Province of)A 6s stamped.
External s f 4%-4%s
Refunding :a f 4%-4%s
External read) 4% -4% s
Issue—
Corporate Stock
64%
••
**64%
Brisbane
II
107.19
J-D
J-D
61
•64%
64%
64%
....
30
107.7
__
63
60%
60 y«
64%
64
29
107.8
—
107.7
__
63
1
e63% e63%
64%
—
28
3%s Series No.
.
3%
No.
3%s Series No.
107.5
106.25
Series
3%s
106
107.15 107.15
York City
Transit Unification
60% .64%
22
A Sinking
New
2
65%
20
Series
3%a Series No. 26
3%s Series No. 27
,
104.5
*104.3
J-D
M-S
J-D
J-D
J-D
J-D
19
*64%
J-D
J-D
M-S
jf-B
J-I>
M-S
j-d
J-D
J-D
Treasury
64%
18—
No.
*64%
Treasury
Treasury
Treasury
J-D
MrS
J-D
J-D
J-D
No.
Series
23
107.25
.1954-1956
......1956-1959
June 1959-1962
—Dec 1959-1962
-—:—1947
Mar 1948-1950
Dec 1948-1950
.....Jun 1949-1951
Sep 1949-1951
Dec. 1949-1951
Mar 1950-1952
'—.Sept 1950-1952
Series
3%s
25—————
*107.23
2%s——
2%S
2%si,
2 %s„
2s—«—
2s
—
2S.»««
2s——
2s
2s—
2S
64%
64%
17
24
J-D
Treasury
High
60%
*64%
Series No.
No.
108.6
-
tov$
2
No.
(Continued)—
3%s
3%s
107.2
—
Range Since
January 1
i
Sold
64%
High
3%s Series No.
*118.14 118.16
—
Bonds
64%
Low
(Continued)
External $ bonds
109.22
109.8
110.4
..
Friday's
116.13
*108.4
;»^1966-1971
Treasury B%s.
...June 1967-1972
Treasury. 2% s.
Sept 1967-1972
Treasury 2%s_.
Dec 1967-1972
Treasury 2 %s———j—1951-1953
Treasury-2 Vis
1952-1959
or
Bid & Asked
Brazil
3%s
__
Last
Sale Price
109.5
*110.2
..
Exchange
*116.11
*107
Treasury 2 %a.
Frtday- WW*1* Range
Interest
Period
103.25
M's
—1962-1967
—.—1963-1968
2%S—^Oune 1964-1969
2%8 —-iBec. ,4964-1969
2%s
——.—.1965-1970
Stock
115.27
J-D
?95!H?fg
.
York
*109.3
Treasury : 2 Vis
Treasury 2%s
Treasury 2%s.,.>
New
January 1
*115.25
J-D
•
Sold
108.7
100.14
BONDS
Bonds
105.14
100.15
*100.12
M-S
-
High
*100.13
A-O
J-D
J-D
J-D
M-S
M-S
M-S
j-D
m-s
J-D
j-d
..1951-1959
.1955-1960
—1948-1951
1951-1954
—
Treasury. 2%s_-^
Friday's
Bid & Asked
Low
_1947-19Bl
-.1946-1949
1949-1952
.1946-1949
Treasury
:;
RANGE FOB WEEK ENDING APRIL 13
B ONDS
York
New
Exchange
are
in which they occur.
The itoHo letters in the column headed 'Interest Period" Indicate In each case the month when tba hands .nature*
>
2029
YEARLY
■
"and^ interest"-—except or Income and defaulted bonds. Cash and deferred delivery sales
and when outside of the regular weekly
the week,
CHRONICLE
New York Stock
«»
FRIDAY
NOTICE—Prices
FINANCIAL
Teletype N. Y. 1-971
16%
Monday, April 15, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
2030
YORK BOND RECORD
NEW
RANGE TO* WEEK ENDING APRU.
to
;
BONDS
Friday
.
Interest
Last
Period
Exchange
Stock
New, York
Sale Price
Week's Range
or Friday's
Bid & Asked
Low
Railroad
101
A-O
American
PFLUGFELDER, BAMPTON & RUST
*
61
Broadway 1
New York 6 /
J
debentures--
.
Teletype—NY 1-810
New
York
Stock
Interest
Exchange
Period
Sale Price
Mexico—(Continued)—
AAssenting 4s oi 19U4
AAssented
to
Nov.
AAssentlng 4s oi
lATreasury 6s
AAssented
A Sec
1910
3-D
Nov.
5,
,fu
J-J
agree
1933
1942,
f-
tStatej—
..
J-J
*18%
'mm—
15
10%
'
'
15
-
1
*243A
~
M-S
—.1939
M-S
reduced
AMontevideo
A6s
(City)
series A
New Sou til
s
s
2.125%);
2008
7s
—
—
1952
F-A
1958
A-O
__1956
MS
1063/4
1968
A-O
106%
1963
F-A
-1970
J-D
.
joan
fund extl
Municipal Bink ex'tt
f 5s
s
Oslo (City) sink fund 4M»s—
a
1MB
(Rep) extl a I 5s aerA-1963
A Stamped assented 5s
1963
Stamp mod 3 Vis ext to_
1994
Ext
ref-3%8 series B-^
sec
APernambuco
•
(State of)
7s
Atlantic
46
(Int
reduced
to
APeru
a
(Rep oi) external 7sNat loan extl s f 6s 1st 3er-.
Loan extl * f 6s 2d ser..
J1*
M-S
' •
36
103%
107%
1
mi—
'
107 Vi
i03y2
i07y4
991/2
—
104%
■
103%
1
106
:
1961
-1940
A-O
A-O
101 »/2
—
'
'
mm—
48
to
dc
Janeiro
4
J-J
M-N
1947
—1946
8s
A-O
Stamped pursuant to Plan A
103
25
30%
Toledo Cin Div rM 4s A—1
~6
22
32%
19% ' 23
2
22
6
30
31%
18 Vi
(Int reduced to 2.375%)-;
2001
AExternal sec 6Vis
:
-—1953
F-A
Stamped pursuant to
(Int reduced
A6s external sink
to
Plan
—
42
—
A
2.5% )
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2'As———1950'
102
101
3
'
50
8
41
401/2
48
48
45
4
•
136
50
to
municipal loan
;
Stamped pursuant to Plan A
tint reduced to 2.25%
1907
(Int
reduced
to
A6M»6 extl secured
s
A
> •
reduced
fs JASan Paulo
(State)
2.375%)
50
A7s extl water
^
r
p.
ASUesia
(Prov of)
A4%s assented
1940
44
'«
i
Vi
40%
Bush Terminal 1st 4s—
s
39
External
;
External
2
951/4
—
43
42
96%
96%
*47
s
J
41
'
41
71
*
'
71
i
:
r
1
■
37%
4
57
S.-i
..
-!*-
....
.
>
>';•
J-J
1
M
- f
41
/uabama
For
Great
Power
Southern
1st
footnotes
mtge
see
* ' •;
1958
1958
133%
102
102 3A
102%
105%
1073/4
21
—
*106%
100'A
J-J
108'%
106'/a
106%
106%
1063/4
46
•
100 'A
104
—
—
100'A 1013%
104%
33
*105
106
106 %
M-N
106%
1053/a
1
106'%
1053/4
1073/4
106
22
107'/a
105%
—
106% 106%
85
1053/4
106%
mm —
1053A106
*106'/a 106%
84%
104
1
106% 106%
F-A
106%
923/4
M-N
92 3A
92
923/4
142
853A
A-O
57%
54
573A
162
48%
*__
A-O
60
>106
J-J
...I960
A-O
77
12
69
r,
77
67%
69
10.
mm
*15'A
■
153/4
*23
16%
61
35
*19
23
103
—
103
—
102'A 103
108
108
573%
54
4
106
98
20
108 Yo
55
104
107 s-
*110
*110
—
J-D
913/4
t
i
71%
77
64
Cart ft' Adir 1st
■
6?
103
1043A
108'/a
13
20%
25
\
'
863/4
90
90
83
—
\
^
(
j
18
21%
18
14
18
87
86
.
96
"3
J-D
1091/4
109
109V4
1946
F-A
1967
*102Vi 102%
100 Vi 100 Vi
M-N
18
*1045/8
J-D
1972
J-J
100 Vi
~9
*1045/4 108
108% 108%
"l
105%
104%
102%
100%
1051%
107:
4
1003/4
1003/4 100 7/a
16
119%
1193/4 120'A
54
122'A m
" 1233A
•
121
114%
116%
100'A
;
102%
"108% 121
-J-J
*96%
F-A
A-O
..
107%
*1073/4 109
*88'A
106%
88
91%
106% 107
16
,
108%
91
107
90%
96
105%
J-D
*92'/a
26
99'/a
£2
1053/4 106%
1945
m-n
87%
86
87%
118
743A
1959
A-O
33
29 3/a
337/8
260
23%
33%
1?59
A-O
32%
29'/a
335A
84
421
22%
33%
J-D
76
84
44 »A
26
Nov
1966
A 3s
A 4s
'
J-J
J,J
^1987
registered
J
«
_.i.1987
Central N Y Power 3s
f._——1974
Central Pacific 1st r$f gtd
gold 4sll949
Guaranteed gold 5s
i__
'.I960
1st ft ref series A
>
>
<
SACentral RR
-
Jp
"
;/ v":
.
..
•
«
J
Potts Creek Br lst 4s—.1—1946
R ft A Div 1st
cons gold 4s
1989
'2d consoi grid 4s—.198B
26
■
1053/4
13
105% 105%
37
44'A
109'/a
100%
1053/4
6l3/a
133
44'A
48
97
42 3A
60 '/a
43%
15
393/4
56
44
44
87
44
108
48 3/8
108
47%
45%
43'A
43
•44
A-O
49%
F-A
108%
105%
*112'% 113'A
108'A
108%
110
76
105
107'A
112%
113
5
105 3/8 106'/a
—
■
—*
'
49
*105%
J-J
49
2
aL
M-S
151
151
M-N
105%
105% 106
F-A
106
106
J-J
*100'A
J-J
*125'A
106
*129y8
J-J
1513/a
52
107
11
108% 108 3A
F-A
F-A
108
87%
108
*109%
*
General gold 4y2s^
i
.1992
Ref & impt mtge 3%s D—......1996
Ref ft impt M 3%s series E——1996
953/1
k'
& Banking Go—'
'
stamp (partial redemption).'. 1942
*
82
45 5/a
•
J*V*% to Aug 4-1949)——-.—1974
'
43
"
.1961
4s—
83
J-J
A-O
registered -——..j_—i..il987
Champion Paper & Fibre deb 3s—H965
Chesapeake ft Ohio Ry—
1091/4
105%
103%
101%
1053/4
108%
:
F-A
*
.
M-S
11
-
J-D
gtd gold 4s_.^^...1981
Central Illinois Light 3%s
t A Cent New Eng 1st gtd 4s
tACentral of N J gen gold
83
18
93%
123
F-A
5s.—.1987
25
96
115% 115%
1945
■
*13
93%
*92
__
i
"5
1233/8 1233/4
123
F-A
AChatt Div pur money-gold'4^—1951
A Mobile Div 1st
gold 5s
—•!
1946
\
20
104
*117% 118'A
M-S
.1965
19
'
123%
125
125%
116'A 118
117% 119
122
117
ARef ft gen 5'As series B__—A Ref ft gen 5s series C_
-j
'
*84
-
—
J-J
F-A
102
117
A-O
w^l968
I ACdnsol gold 5sl
21
24%
17%
J-J
117
109
108
1183/4
*124% 1253/a
J-J
1063/4
107%
...
11
1948
AGeneral
56
124'A 1243A
A 1st mtge 5s.
.
mm
92%
*107'/a 108'A
*108
108%
A-O
Celanese Corp 3s debs
ACerit Branch U P lst
gold 4s.ICenVral of Georgia Ry—
' <
i
93%
95% ;
93% I
95%
*91
__
F-A
F-A
'
A-O
M-N
56
1
mm
..
.1968
-,.—1974
gtd 5s A—^962
Carolina Qinch & Ohio
*115
M-N
M-N
1
3%sj_
3%s-
cons
60
;
693A
f13%
16
Power
64
,
,
15%
Elec
Soucnern
54
r •"
76
1947
2033.
.
*106'/a 107
A-O
J-D
i
A-O
M-N
3Vis
*108
M-s
M-N
Guhranteedrgold:|si^.i.^—.*1970
,
.
55, v; .■59 v? .' •/
60
*61
wm*m
M-N
—1984
page
130%
101% 101'%
—
1043A 104%
J-J
I
•
A-O
I960
3Vis
7
3
101% 101%
*101'A 103'/a
J-J
Canadian National gold 4%a——*1957
Guaranteed gold 55—......Oct 1969
5s
Alabama
105'/a
104
„
132% 133
101%
A-O
Canada
;:'i,
70
60
11
J-J
-1964
10-year deb 4 Vis stamped
98
5
104
103
A-O
..^.1955
Calif Oregon-Power
'
F-A
-
5s
'
71
1
Railroad and Industrial Companies
fAbitibi Power ft Paper—
5 A5s
series, A stamped
1953
.Mams Express coll tr gold 4s
1948
.Toll trust 4s of 1907
—1952
.4-^
54%
'
•
J-J
F-A
7s
104'A
*102%
J-D
t
7"
•.
69%
.
1948
—
103%
-of::depositJ:^>..«*.i—
Guaranteed gold 4%sLi.u.—^1955
Guaranteed gold
1955
Guaranteed, gold 4%s-_-i_*_.—.1951
Canadian Northern' ,Ry deb B'AS—L1946
Can Pac Ry 4% deb stk perpetualLt—_
IIA Carolina Central '1st gtd 4s_—.1949
Certificates "of deposit—__
*
16
t-'i'i.«■''*
-
60
m—
(
M-S
-1955
1979
external
J-J
A-O
I
■
71
65
J-J
J-D
extl conv
—1978
readjustment
1978
(Cityi
California
v
\
'
J-D
bonds of 1937)—
readjustment
1979
A4Vis assented
983/a
'
I
-
1958
3Vie extl readjustment
AWarsaw
13
50
*39
..
J-J
M-N
4-4Vi-4 Vis extl
.
ACertificatea
Consolidated
.—
42
($
3%-4V'8-4ft
102%
98
■
i
M-N
conversion
101
10
42
40
*42
45
49%
J-J
1958
A Br t emal §lnk fund 6s
3%s 4-4%%
45
1023/4 103'A
M-S
Stamped modified (interest at
3% to,May 1, 1947) due...
1957
JBurlington Cedar Rap ft Nor—
SAlst ft coll 5s__—.....
—1934
*39
..
J-J
1962
Sydrev 'City! s f 5Vis
AUi-ukW (Republic) extl 8s
/>E*te»nal sink fund 6s
i
103 %
103
103
M-S
36
*43
—
1962
extl 7s
104%
88'A
103% 104 \
J-J
—1969
361/2
42%
.
.——1908
A8s secured external—
A7p series B sec extl
103
J-J
.—1969
Buffalo Niagara ^1 Tst/mtge 2%8rl975
'
1999
(Int reduced to 3.5% )
1978
Serbr Croats & Slovenes
(Kingdom)—
(
101 Ya
101 'A 104
M-N
mtge s f 3%s—
50
*40
M-N
Stamped pursuant to Plan A
1
34
80 3/a
104
100
--
,
7s_
;
25
-
104
Gen
„
f
F-A
95'A
80 '"82%
93'A
M-N
44
•
.1950
Stamped pursuant to Plan A ;.
(Int reduced to 2%)
.---—2012
«
96%
"267
i
.
'
Bklyn Union Gas €s/serles A——1947
-
i
—1950
Stamped pursuant to Plan A K
(Int reduced to 2.25%
)
2004
IA Secured
98%
91%
75%
93'A
96'A
94%
Buffalo Rochester ft Pgh Ry—
M-N
8s
loan
93%
; 94%
74%
50
—mm
2012
loan
AOs extl dollar
90
'
M-S
19
45
45 1
1
'
Stamped pursuant to Plan A
(Int reduced to 2.5%)—.
103
75
45
M-S
1957
;
97-%
75
45
2001
A8s external
66
75
Bush Term Bldgs 5s gtd.^..
—1938
Stamped pursuant to Plan A 3
(Int reduced to 2.5%)
1999
if
99
99% 1,02%
•
f
to 2%)—
92%
99%
c
90
F-A
40
<■Stamped pursuant to Plan A
(Int.
J-D
96%
76'A
7
—
-
Stamped puisuant to Plan
p
102% 105
94
Bklyn Edison cons M 3 %s——
1966
Bklyn Union El 1st gold 5s——1950
,
Santa To external sink fund
48—1964
#ASan Paulo
-1952
(City) 8s
44
94
77
3
—
J-D
102% 103%
103%
/
83
50
—
2004
A-O
J-D
80%
43
M-N
•
80%
45
;2004
A7I
1960
45
A
2.25%)
—1961
44
J-D
—I960
107%
M-N
.
reduced
^.—1970
I—
50
__
(Int
,
Alncrotge4%sserA.—.^Julyl970
50
38
ser
—
J-D
1043/4
JABoston & N Y Air L 1st 4s——1955
Ii ■ •
,
50
45
mtge 23As
1st gold 4%s series JJ
1st mtge 4s series RR
Vi 103!/a
45
...1956
Boston & Maine 1st 5s AC.——.1967
1st M 5s series II
—1955
85
1
debentures.^—
Cons
43
49%
42
—
31
Bethlehem Steel Gorp—
42
80
—
4
:2012
Plan
Bell
'
45
41
82
—
;._1999
(Int reduced to 2%)
A7s external loan of 1926-
42
44
A-O
1043/4 105
104 3A
A-O
- -
stamped———————-1951
4s s f debentures—
fund gold
—1908
Stamped pursuant to Plan A
Stamped pursuant to
"4s
35%
24
45
43
f
Beech Creek Extension 1st 3%s—.1951
1
-—1940
-
38 %
105 y4
'
19%
14
—
45%
F-A
46%
33 y4
104'A
*
%
A-O
(Int reduced to 2%)-^—;2012
Rio Grande do Sui iState
of)—
1921
24
—1959
v
>
1—.1951
Con ref 4s—1—. 1
321/a
49%
Stamped pursuant to Plan A
A 8s extl loan of
-
'
26
Jmrnm
23
—
>
;;
.423/4
5
42
105'A
105
103 %
1;
27'A
102
—
118
36
34%
36
105
J-J.
33
30%
*70%
F-A
107
113
112%
12
46
45
45%
J-J
J-J
J-J
S'west Dlv.lst M (int at 3%% •
rto Jan 111947) ^ due.—-1-1-1950 5
44
26j/4
*39
—
104%
109 »/4
43
'
101'A
39
431/2
1952
131'A
21
1173A 118
M-N
25
*46
—
141
124
125 »/8
26
'
112% 113
117%
J-D
—Feb 11960
—
1
2
i960
2008
due
111
20
—2001
2.25% )
City of)
AConv
27%
*44
—
105%
113
M-S
Pgh L E 4 W Vft System—
:■
Ref gold 4s Extended- to——1951
28%
31%
J-J
105
M-N
131%
124
"5
131
J-D
*
55
—
131
*'
44
20%
*25
J-D
*127'/a
r
23As
Queensland (State) extl 6s
A Rio
103%
42
42
—
22
31%
108
RR—
Bangor ft Aroostook' RR—
A-O
105%
140'A 141
140'/2
mm —
rr
A-O
96
104
'
IOIV4 102
99% 100
-
-
-
99%
Stamped pursuant to Plan A
reduced
ft Ohio
l
100
A-O
J-J
92%
100
■
26'A
26%
26'A
Stamped pursuant to Plan A
(Int
•>
•
44
26'A
APrague (City ol Greater) 7 Vis
107
'
1948
—
28%
M-S
(Int reduced to 2.375%)
AExternal loan 7Vis
107
MS
'm^L
*42
'
--
M-S
—1947
5
,
.
—1968
-
1033/4
*
AExternal sink fund gold 8s-,.—1950
A4Vis assented—
1963
APorto Alegre (City of) 8s
—j.—1961
7
104
96
M-N
4s_——1948
1st "mtge gold 4s—
.July 4048
Stamped modified bonds—
1st -mtge gold" (int at '4% to'
v
Oct 1 1946) due
—July 1048
Ref :& gen ser A (int at 1 % to
•
Dec T 1946)' due_
1—1.1095
Ref ft gen ser C (int at 1%%
to Dec 1 1946) due—
--1995
Ref.ft gen ser D (int atrl^ to
'
> Sep 1 1946) due.—-—.1.2000
Ref.ft gen jser TT (int at 1% to*. :
103
101%
*1057/a
J-D
loan s f 7s
lA4Vis assented
101%
1
*983/4
.I960
gold 6s
A4Vis assented
A Stabilisation
*.
,-—1958
(Rep of)
6
*101'A
*ioiy4
i
.1959
A Nat
S A Poland
102%
*ii;-
M-S
2008
96
104
M-S
debs—1966
2%s
Refining
(
.y:
2.125%)
96
Q-J
105%
107'A
40
102
106
M-N
1947
Stamped pursuant to Plan A
105%
—
106% 106 3A
106% 106 %
M-N
1967
,
103%
42
,
B
—
*1013%
J-D
,
67
106% 107'/a
107 3/a
:
unified 4%s A——-.1984
Atlantic & Danville Ry 1st
Second mortgage 4s
102
A-O
Panama
104% 105%
107'/a
A-O
40
102
-L
-
107%
1073A
104%
-i
Nov
Baltimore
J957
1
103'A
107
*125
*120
——
153 5/a
103
g8
107'A 107 V2
107%
F-A
Jan
_
gold
46
(State)—
I 5s„__
5s__,...
Norway (Kingdom ,pi) 4Vis
External stnx fund 4Vis_—
4s sink
J-D
M-N
43
*41%
—
ipfto
*
Wales
External
External
to
143'A
48
107%
A-O
.
——1595
4s
Stamped pursuant to Plan A
(Int
107% 1083A
A-O
Bta'mped 4s
40
—
'
Topeka ft Santa Fe—
44
42%
303.
,
1964
39Vi
—
*43
3'As series E
39%
*43
79
150%.J515/a
4s_—July 1 1995
^July 11995
Atl Knox ft Nor 1st gold 5s_
^.-1946
Atlanta &
Charlotte Air tine Ry—
1st mortgage 3%e_
—1963
Atlantic Coast. -1st -cons 4s—..July 1952
—
*41%
—
2008
108'A 108%
(111)—
Adjustment
€
mm —
*18%
—
1951
f 6 Vis
133/4
ll3/4
18 3/4
Atchison
General
Stamped pursuant to Plan A
(Int reduced to 2.125%)
s
16
1st mtge
High
143/4
15
11'A-
15
agree
external s t 6 Vis
ASec external
Low
'12%
*123A
*10 3/4
...
1943
1942,
1913 assent
oi
to
5,
Range Since
January 1
Sold
No.
,
Co
&
General
1954
agree
r
Nov.
to
High
>
.
1942,
.
AAssented
Mlnas Ueraes
5,
Bonds
Bid & Asked
Low
Armour
108%
151 <
,
Nitrate deb^.—^.196r;
1st,gold 4s
—1995
Arbor
Ann
Friday Week's Range
Last
or Friday's
116'A
102 5A
A-O
1
A Anglo-Chilean
BONDS
114
"
—
Bell
105
M-S
Co.-^,
1956
2 3/48 debentures,
1980
23/4 debentures
«—
.——1975
Airier Tobacco Co deb' 3s——l——1962
3s debentures
1969
Member* New York Stock Exchange
Telephone—DIgby 4-4933
Telephone & Telegraph
3s conv
116'A 116%
High
1023/4
100
M-S
2030
Am & Foreign Pow deb 5s
.
100
6
1
101%
*103%
A-O
Range Since
January 1
3
101% 101 y%
A-O
4'/2S__1975
1998
Albany ft Susquehanna RR
,
„Low
100'A
A-O
1948
Alleghany & West 1st gtd 4S
Sold
No.
High
1948
Albany Perfor Wrap Pap 6s
6s with warrants assented
Reorganization Securities
Bonds
48'%
49 3A
103%
106
9
144
151%
8
105
107'A
20
1043/4 1073/a
—
135
—
135'A
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4481
Volume 163
NEW YORK BOND RECORD
v
BONDS
York
New
Stock
-a
K;:,.
■
W
!
■)" "i'
,
*
Friday
Exchange
Week's Sang*
Interest
Last
Period
Sale Price
or
Bid & Asked
1949
A-0
61%
Sold
61%
High
54'A
310
62%
York
Stock
Interest
Exchange
Last
Period
New
*
Sale Price
January 1
Low
No.
High
Range Since
Week's Rang*
Friday
BONDS
Bonds
Friday's
Low
& Alton RR ref 3s
tACLlcago
'IV..
.
RANGE FOR WEEK ENDING APRIL IS
.
or
Bonds
Friday's
Low
Range Since
Sold
Bid & Asked
January 1
•
High
Low
No.
High
/*!
64%
.
Chicago Burlington & Quincy RR—
General 4s
1st ft ref 4yas series B
1st & ref
1958
—
J-J
119 Va
6
116% 119'/a
10
117% 119y8
F-A
1985
F-A
106
105% 106
—1970
1st & ref mtge 2%sr_
F-A
102%
102% 103 %
Eastern 111 RR—
AGen mtge inc (conv)
.-1997
1st mtge 3%s ser B——
—1985
Chicago & Erie 1st gold 5s_—
1982
Chicago Gt West 1st 4S series A
l»«8
AGen inc mtge 4»/2S-—1—Jan 1 2038
__
El Paso & s W 1st 5s—
5s stamped-,
i
119'/a 119%
119
—
1977
mtge 3yas
105
106 %
101%
7
87
;
i
103%
!
-
■
-
■>
,,'
-4
j.
;
J-J
1st ft gen 6s series
Geu mtge inc 4V2s series A.
1st cons mtge 3%s ser B—.
1st cons mtge 3%s ser F__.
J-J
99
88
104 i/a
t
f
cons
mtge 3%s
102%
cons
2s ser H
__
96 %
__
98
*72
—
74
9
106
1st
1st
75
78
*
Ohio
75%
Div
1st
ser
97% "103%
106%
103% 106
G—.
106
—
mtge
3%b.
'
*
*120
130%
118%
116
118%
111
106% 111
21%
1956
23%
Firestone Tire ft Rub 3s deb—.
26%
23%
B—May 1966
ft Sou 50-year 4s
Chicago Ind
74
104% 104 y8
*140
—
J-J
tChicago Ind & Louisville Ry—
A Refund wig 6s ser A—1947
ARefunding gold 5s series B—1947
A Refunding 4s series C
—1947
a 1st ft gen 5s series A
—1968
.A
74
—
M-N
162
100%
i
Erie Railroad Co—
Chicago &
Jfcr-N
117% 127%
Empire Gas ft Fuel 3%s
26%
tAFiorlda Cent
*110'A
—
ft Peninsular 5s.
Certificates of deposit
fFlorida East Coast 1st 4%s—.
107%
110
105%
105%
•;
100% 107%
—
s
Chic Milw St Paul ft Fac RR—
A
1st mtge 4s ser A—
1994
105%
105% 105%
38
mtge 4%,s inc ser A Jan 1 2019
ioo y2
iooyaioiy2
141
•4%s conv inc ser B—_Jan 1 2044
88%
88%
90%
233
86%
96%
96%
96'A
97%
260
93%
ACertificates
104
100
1st & ref 6s series A_:—
90
80
98 'A
Gen
Chicago ft North Western Ry—
f2nd mtge -conv inc i%6i-Jan 1 1999
1st mtge 3s. ser
.1989'
tIAChicago Railways 1st 5s stpd
*106%
—
25%
AGeneral 4s
of
deposit
I ARefunding gold 4s_
fASecured 4%s series A
1952
Chicago St L ft New Orleans 5s
Gold 3%s—
70
i960
38%
271
89%
Gas ft Elec of Berg Co cons 5a
General .Realty &
1
9iy8
1,008
59%
72%
66
81
67%
71%
104
1,425
1
100% 100%
1
ioo%
,
100
103'A
107%
debs
..1949
1969"
—
—Oct 11945
1934
Certificates of deposit.
——
Goodrich (B F) Co. 1st mtge 2%s_1965
Grays P0nt Term 1st gtd 5s—
.1947
Great Northern Ry Co—" '
ioo y2
2
107% 107%
100%
1951
..1951
inc
Certificates of deposit
t§AGa Caro ft Nor 1st ext 6s
39%
28
105%
conv
tAGeorgla ft Ala Ry 5s
92 Va
39%
:
General 5 %s "series B——
1st
&
ref
M
1994
5
106%
—
14
96'%
99'%
Chicago Union station—
1st mtge 3%s series F.
1st mtge 2%s ser G
Chic ft West Indiana
1st ft ref
Gen
mtge
Gen mtge
Gen mtge
Gen mtge
.
1963
111%
4%s series D.
108
105%
1962
13
108%
111% 112
108%
.—.1952
4s
com
3
108
108
1963
15
107
104% 108'A
UO'A 112 Va
17
105%
60%
3
60%
24
56%
56%
105% 106
108%
107
60'/a
1943
5^Debentures 5s part paid--....1957
1AChoctaw Gk ft Gulf cons 5s
Cine Gas & Elec 1st mtge 2%s
Union
Cincinnati
60 Va
JRCi
•
-.1952'
II
1975
.
Q'fi"
*
2
'
.1
*106% 107%
88
60%
100
,
103% 107%
General 5s series B
112% 112%
—
Ref ft impt 4%s series E
Cin Wab ft M Div 1st 4s
111%
98%
121
98%
96%
IOO
117
1991
93
207
98%
96%
97
92%
—
89'/a
107%
if
105%
109
If
M
ser
——.1990
ser
N_
ser
O
ctfs B
105%
109
104 y2107
2000
Bay ft West deb ctfa A
Debentures
106% 108
1980
,i|
j-;.
—
15
!
17%
103%
104%
!?
105%
106%
)
Gen, mtge inc 5s series A
1st A ref 3%s series D_—!
Onlf States Utu 3%» series D.
2015
102%
1041/4
1969
103
104
1969
108%
1101/4 I!
4
109%
Budseu Coal 1st-
s
*104%
82'/a
gold 5s
; ,*9*0
£
85
*1131/4
—
77 ya
79
39%
43
*
f 5s series A—1962
Hudson Co Gas 1st
—.1949
,
150
104%
100% 104%,
80 n 85
100%
—
*103% 104%
Budsop'ft Manhattan 1st 5s A—1957
AAdi income 5i
——Feb 1957
140%
*
150
150
Bocklng VaBey Rj 1st 4%s
1999
UAHousatonip Ry con* gold 5s—.1937
household Finance Corp 2%s
1976
93%
105%
16
93
*110%
if Div 1st coll tr gold 4s——1990
106
..1970
107%
8
—1960
L—
112%
103%
*130:
..1977
Cleveland EleelUum
112
10
117
117
.1893
_
1
106% 1071/s
—1969
1st mtge 2%* ser O—...4.197ft
Cleve Cln Chfe ft St Louis Ry—
'
General gold 4s—
—1993
K
ser
Greyhound Corp 3s debs—
—1959
Quit Mobile ft Ohio 4s Series B—1978
60%
Terminal—
1st mtge gtd 3%s series E.;
St
60'%
1977
ser
3%s
3%s
W&s
A
t§AChilds Co deb 5s part paid;
1976
3y8s
Gen mtge 3yas
A Green
136'/a
_1973
General 4%s series D
General 4%s series E
107%
^1994
2%-4'As
2%-4lAs
121% 122% fv:
140% ?
127% 134% «
109
110 3la ii
1952
General 5s series C
Chicago Terre Haute & S'eastern Ry
Income
88 '/a
106%
Utilities-Corp—
106 i/a
91'/a
103% 103%
1951
Memphis Div 1st gold 4s—.
92%
91'/a
65%
69%
35%
66%
———1934
ACon* gold 4%s
104
,
71
90%
92
-
deposit-
:;;
107
66%
5
67%
81%
Francisco Sugar coll trust 6s
A4s
—1988
—
ACertificates
106'/a
—
—
66%
partial redemption-"
xl927
tChicago Bock Island ft Pacific Ry—
of
'
123
^
;
v;
il2% ll3%
75
105
.
343
;
80%
37
45
Cleveland
ft Pittsburgh RR—
Series C 3 VuB gtd—l.—
3%s gtd—
Lipe 1st gtd 4%*
Series D
.
Cleve Short
*104%
.11948
..1950
—1961
..1972
—1973
....U977.
Oleve Union Term gtd5%s
1st s f 5s series B gtd—
1st s t 4%s series C_—
Colorado & Southern Ry.—
4%s (stamped modified)
—
*106%..—
„
*114
115% 116
-
106%
110
106% 107
106
108%
;
Illinois Bell Telep 2%s series A
105% 106
105
108'A
v
Illinois
108
107
106%
.
105%
—1980
Columbia Gas & Elec deb 5s
78
79%
78
84%
104 y2
»
*106%.
106%
106%
i
*110% 110%
109%
111 %
|
Columbus ft Tol 1st extl 4s
*115
116
116
1
1961
163 % 103%
1959.
Collateral trust gold 4s
Refunding 48.1
;
—i.—
Puwhased lines 3%s
Collateral trust gold ,4s
.•
Commonwealth Edison Co—
1st
mtge
3s
-.—1977.
series jL—
Conn Rjr & L 1st ft ref 4%s—
Conn! River Power
s
A Debenture
A Debenture
Consumers
105%
104%
105%
104%
106%
105
65
65
——,.1956.
1st
67
68'/a
65
65
67%
68%. 70
8t. Louis Div ft Term
76
Registered
.
.
...1955
jl95B,"
...1950
•
;—1951
1
Baking
3s debs
Crucible Steel 3%s s f debs—
I a Cuba Northern Ry 1st 5 %s
F'A-
-
/
v
—
.1963~ *
103%
58%
58%
57%
59%
ind
-47%
49%
46
50
fAlnd ft Louisville 1st gtd 4s
*83
85%
84%
86
42
49
45%
42
48%
Indianapolis Union Ry 3%s ser B-1988
Inland: Steel 1st mtge 3s series F.^19dl
45
-
A 6s
ser
B
-
1
1st
49»A
53%
48
53
:
•
*103.%
105%
—
'
105% 106%
Delaware, Luck fft: West RR Co—
Y, Lack & Western div !
1st ft
.
ref-M 5s
ser
>
,
-
fAConsol
*
•••
;l
65
-S67 k' "v 107
65
67%
T 5s
—1953
'
.
'
■
28%
27%
-
......
'
;
•^:Genrftt:wef£3s:;series-B^(ii^iij^l970.
Detroit ft Mackinac lst iien gold 4s'1995
k "ASecond. f[n1H
005
Detroit ..Term ft Tunnel 4yas.
._19b1
Dul Miss ft Iron
Range Ry 3%s—1962
»ADU Sou Shore ft Atl gold 5s
1937
Doqueme Light 1st M 3%s
.1966
-"rr
»
...
68'A
8
-
•
23
61'A
•-
'
1.237
82
63'/»
'•••
106%
\
1071'■" '
•
-107%107i/2 '' ': f
109 % '4' 1WI•109%.*'•
'*ilri:k-;74%
:/•
51% .'51%
8
1
: 5
—
„
■
437
29V4
-iv
v-
106%
'
•
29'A
22%
62%
Detroit Edison 4s series F____
.1965
Gen ft ref mtge 3%»iseries G_._1966
East Tmm Va ft Ga DlV lst 5SLU-1956
Ed EI HI: (NY) 1st cons
gold 5s—.1998
■to** Auto-Lite 2%s debs
Elg— Juliet ft East Ry 3'As—
footnotes
see
»>
'{■
100
96
102,
114%
106'A
y,
107%
'
106
106ya
«/2 106%
V'
88%
49'A
88
l
—
'
82%
97%
-.-s-
'
108
»
103
--•«
-
49
*82%
82%
97%.
—
82%
98
47
54%
76%
2
97%
i02-
,
77%
175
»93%
i
rj
t|
92
92
991/4
103%
n
105% 108%
306 ^ 103
H
102
4;
--
?r2
-i-
101% 103
78
305, ; J06Va
k
|
101% 103%
Ipp^'iop^^'- klM
108
<..*103%
*
63
128
90
50
84 k
82%
.• :,
page
2033.
—
•
__
:-X *120 '•■■■'■'
II"
-5
-
—'
'•
-106% 106%
48%
48%
-105"
105%
121 %
1
30
49
105%
.
:
F
102%
*155
*102%
.1970
..
/
—
„
.
*105% 106%
—
'
—
3%s
registered.
1
_
/
.
'
f
J-J
J-J
i
82%
%
83%
r*82k'82:r.
jo7yelo7yc
104-104%
*107
...
107% 107%
—
£
■ ■
A-0< a
A-O
,
If-Sit-y
81
J
80%
;
85%
83%
105% 107% 1 i
103% 104% 81
104% 105%
-
i22>/422"/.:.k
*71%
75%
108% 108%
J-J
—
2
-
J-J
Kentucky ft Ind Term 4%f—.—-1961
Stamped —J,
1961
1961
Plain' *»»«»
4%» unguaranteed,
1901.
Kings County Ei L ft F 6s.—...—.1992
Koppers Co 1st mtge 3s——
.1964.
tAKreuger ft Toll 5s ctfs
—.1969.
*107 %
_
.
26
,121% 121%
—
.1950
'
98
J-D t
-
Kanawha ft Mleh 1st gtd gold 4s—1990
r
A-O x
Kansaa City Fort Scott ft Mem Ry—
/,
y I ARefunding gtd 4s—-——.1936
k-O';.
ACertificates ot depositj..—i...\
Kansaa City Southern By 1st 3s—j-1950
A-O < >:
1st mtge 4s" ser A..—A————1976
A
Kansas City Terminal Ry 2%al—^1974
A-O
•Kentucky Central goid-4s^L*A^^987r r ^;J-J.'•«
1
For
--
—
110% 112
Paperv5a:seriea A & B—.194T»
.
s
103%
104% 106%
105% 106
105'A 105%
*105%
--
112
V
92%
*
gold: .4 % s—..—...il936
A Assented
M-3
A-0
96
95
103% 105 ya
{Denver ft Rio Grande Western RR—
AG«i«ral
J-J \
J-J *
J-J r
-
-1950
James frankl.ft Clear 1st 4s—1959
|Atst;consq| 4s.—^—L.—:—..1936
,
100
99
931/4
C———1973
■IncQme/mtge due^...,,..^.—1993.Morris ft Essex division I
poll: tr 4-.6s:.-.——May r2042
|Denter-:ft:,RmlGrhhdrBll^v,(«--1.
£
—
.
-
.
.
gold 48—1956*
Mnlc fund m serieft A^44il955'" .. X4
Int Rys Cent Amer 1st 5s, B—
—1972"; V Af-H
Int Telep<ft Tbleg detr.gold 4%s.—1952
J-J
V Debentures--, fa—-,,;, 195|^ -:--F«AA
*lO5%105%
105 % /
|i
105% 106% k
105% 105%
98'A
987/u
95
1051/4
J-D
"
^International Great Northern RR-r.
Alst 6s series A
—
——1952 '
J-J >
AAdjustment" 6s series "A,—Jul? 1952'A-Oy
Alst 5s series B
i
———1956; .
J-J
Aifit gold 5s series CL—————1958~ '
J-J
IAlnternat Hydro El deh 6s...—.1944
A-O
nRel
.107%
107,
__
Delaware & Hudson 4s extended___1963
N
111 ft lowk 1st
V
J-D
ref mtge 4s ser D———1963"
|nternat
Dayton Pr & Lt 1st mj:ge 2%s_—1975
Dayton Union: Ry 3%s. series B-^-1963.
DeerdiftiCo 2%s: debSi^—
^.1965
105 7/8
•
101% 103%
101%
J-D.
Illinois Terminal Ry 4s ser A——.1976
104
52
*51
*105%
—
'
53
51%
1946
deposit rets
i'i;
'
.
103% 103%
receipts——
A Cuba RR 1st 5s gold
1952
A Deposit a receipts^,
———
A7%s'ser A-deposit rcts_
il946
ADeposit
104
*105%
—__
102%
y
|f
106
101% 102
101
102% k
104% 104%
F-A
—_
97
103
*102'A 105
J-J
J-J
.
102%
—
101% 101%
—
J-J
102% 106
1955
*102y8
*105
-
1951
104%
.1942
-
•;
108%
193%
*105% 111%
J-J
J-J
:|.
105%
95%
95
n
102%
102
108
108
;
105%
.100%
104% 104%
1951
107 % 108'A
107%
1965
102% 102%
*103 Va
105% 105%
mtge 2%s__ 1975
J-D
?-
1st ft ref 4 %s series C————.1963 •
Continental
105% 106'A
102%
M-N
F-A95
...I960
j|
U
104%
105 Va
'
104%
103% 106%
103
106%
—
105% 106%
^
M-N
}
—
105%
J-J/
?
1951:
Joint 1st ref 5s series A—.
*66
M-N
^
il952
gold 3s—.1951'
111 Cent and Chic St L ft N O—
75
108%
—
*104'/#
A-O
.—1953
Springfield Div 1st gold 3 %s
Western Lines 1st gold 4s
76
*104%
104% 108%
—
A-O
Jtf-S
—1952
Gold 3%s—
*105%
J-J
Louisville Div ft Term gold 3%s.l983
Omaha Div 1st gold 3s._^
4.1951"
101% 103
101%
68%
1955
4s
105% 105%
<
101% 101%
1954
4s
,
Power
106%
101% 102%
101%
—1958
Ry non-conv deb 4s
tAConsol
105%
106%
106
*104% 105
,
debentures.
-112%
*111
1961
Consolidated Cigar Corp 3'A6
—1965
Consolidated Edison of New York—
i
3%s debentures..
—1948
3%s debentures
—..1956
3%s
Refunding 5s
40-year 4%s
...
Cairo Bridge gold 4s_
s
Litchfield Div 1st gold 3s_.
109'A 109%
.1951
f 3%s A
*108
J-J
,
102%
columbos & H V 1st extl gold 4s_. 1948
Columbus ft Sou Ohio El 3y«s
1970
108%
J-J
198)
Central RR—
gold 4s
:
198)
1st gold 3%8_,
195)
Extended 1st gold
Sfte..—195) *
1st gold 3s sterling——^.4—1951, >
1st
*111 '/a
*105%
—
*106
188 >
106%
5
5%
*182
,
65%
.72
108% 108%
:U
it
Monday, April 15,
i946
COMMERCIAL & FINANCIAL CHRONICLE
-v
,••>•■.
:
,.
'
NEW YORK BOND RECORD
■
.
RANGE FOR WEEK
:
Friday
-
York
Stock
Interest
Exchange
Last
Sale Price
9>v
\\
'
.
Bid ft Asked
Low
Sold
No.
High
Period
1978
Deo
1970
A-0
1st ft ref sink fund Os.'......—w-19S4
5s stamped—1954
1st ft ref sink fund 5s—-—,—1964
LA
,
stamped
1964
1st ft ref sink fund 3S..........19741
stamped
;
__
98
f-A %
Af-S
3%8..«,.>.*»1954
A-O
65
ANon-conv
deb
4s
j-j
69
deb
4s......—^—.1959
Jf-N
3S
67%
66
X64%
Jf*/
76%:
X74%
A-O
84%
84%
1959
100%
95%
98
99%
93%
99%
99
24
94
98
5 A Collateral
trust 6s
ADebenture
*99
1956
.—1948
6s
deb
AConv
94
93
certificates SMiS
ADebenture
101%
18
12
99% 101%
*98
__
1947
..
98
98
1974
1947
3V28
deb
ANon-conv
104% 106%
85
•98
5s
5s
*101%
..
,
Range Since
Sold
January
Ho,
X65% x67
Jf-S
4s_.—
deb
ANon-conv
76%
66
78
deb
ANon-conv
76%
106% 106%
f-A
Bonds
Asked
High
l
Low
High
65%
7734
IN Y New Haven ft Hartford RR—
Lehigh Valley Coal Co—
,
v
Friday's
ANon-conv
75
75
or
Bid ft
Low
Lautaro Nitrate Co Ltd-~
Alst mtge Income reg,..,.,
Lehigh Coal ft Navigation Co.—
S F mtge 3%s ser A
Week's Rango
Last
Sale Price
High
Low
'
Interest
Exchange
Stock
York
New
Range Sine#
January 1
Bonds
Friday's
or
,
Friday
BONDS.
Week's Range
Period
New
ENDING APRIL 13
<
;V.vB'OND8-
1940
—
—1957
4s————•.
Alst ft ref 4%s series of 1927—1967
9
68%
X64%
68%
69
47
*64%
x68
;
73
62
67 V4
78
72%
66
67%
78
70%
96
64%
75
80%
318
72%
83
92%
118
84 V4
93
34%
71%
81
67%
6
K-N
49%
44
50%
'757
3-D
73%
X72
77%
64
260
>
-
4
;
75
75'4
50%
IA Harlem River ft Port Chester—
Leh Val Harbor Term gtd 5s_
Lehigh Valley N Y 4%r ext.
Lenign Valley RR—
4s stamped modified—
4s registered-——
-•'••••>4%s stamped modified..^—
t
4%« registered.—
5s stamped -modified———
.1954
f-a
-1950
.2003
55 %
S'n
59
52
Little
Miami gen 4s series
Long Island unified 4s
Mi
,
88%
66%
A^O
89%
-
66%
119
Af-8
60
69
N Y Queens el Lt ft Pow 3%s_.—1965
M-N
65
92
55
83%
3
133%
118%
$92
1
107%
1
106% 107%
a-o
Louisiana ft Ark
f
106
106
9
j-j
103% 103%
.1966
US
106;;
106 "106
1st ft tef M 3%8 series P—"
2003
1st & ref M 2%s ser G
2003
St Louis Div -2d gold 3s——.1980
Atl Knox ft Cine DIV 4<
.—1951
A-O
112%
112
104%
104% 105
103%
13
"i
Gen ft ref 4%s series. A
Gen
14
112%
Af-S
*105-
'
Af-N
*118%
100%
98
102%
—
'
-
105
.
M
A——1960
3-D
mtge & coll 4s ser B—
1954
Manatl Sugar 4a sink fund—Feb 11957
J-D
ser
1st
AManila'RR (Southern Lines) 4a
(Chic)
~
Prior
lien
ACum
4%s
series
*103
103%
101%
103%
27%
26%
28%
Af-N
J-J
105% 105%
Af-S
v:'
A-O
88%
J-J
1991
j-j
j-j
j-j
Jan 1967
95%
13
99% 100%
94
95lA
143%
126
93%
93%
132
■
109
94%
63
133%
127%
122%
85%
8
120
115%
>
91
*90'
94%
82
109%
111% 112
j-j
1
126%
123
24
^ 8
*
90%
105% 110
107
112
j-j
111%
111% 112
13
107%
112
US
105
104% 105 y4
85
104%
106 V2
A-0
*106 "
102%
106% 106%
106%
Jf-S
105%
102% 106%
—
*108%
32
106%
—
108 Va
26
j-j
22%
99
95
26
97
US
107% 107%
5
107%
108%
A-O
105% 105%
19
101 Va
106
1975
F-A
101%
105 Va
1946
j-d
100%
101
gold 4s
con
1st cons
104% 104%
j-j
ioi%
*8
100%
101%
1
100%
101%
104% 105 Va
100%
30
*100% 103%
100% 100%
100% 100%
j-j
46
104%
107%
HOO
100%
A—1960
A-0
1st gold 8s—1946
J-D
*—
1st ft ref mtge 3%s series I.—..1966
1st ft ref mtge 3s series J—.1970
j-d
108% 108%
j-d
107% 107%
1st ft fef M 3s series K——1971
j-d
*109% 109%
ser
98
15
105
P
84
Pacific
;ioi
96%
89
92%
98%
104%
,
*
108%
106%
100%
F-a
...1975
Af-S
57%
—1977
Af-S
98%
M-N
Alst ft ref gold 5s aeries H—1980
Alst ft ref 5a aeries I
....1981
100
114%
1st
Gas
&
Electric
ft
116
93
ref M 3s series L
.1974
-
1979
ref mtge 3s ser N_
.—1977
Pacific Tel ft Tel 2%s debs
1985
Faducah & 111 1st s f gold 4%s—195b
610
51%
285
93;
103
99%
98% 100%
99% 100%
146
93
103
Af-N
42%
40%
45
695
37
a-o
99
99
99%
50
93
f-a
99
99
123
93
1st &
102%
64%
100%
—
Co—
1st & ref M 3s series M
.
99% 100%
56%
59
100
Coast Co
Pacific
96
53
96V*
107
A-O
101%
67
94
Alst ft ref "9s aeries G——1978
AConv gold 6 Mis———.1949
'
77%
198
!i
—
71
143
138%
1975
2%s
Oregon-Washington RR 3s
97
>>
Alst ft ref 5s series F
i
v
74
100%
100
100%
j-j
1978
100%
1985
4fti
89%
105% 105%
80 ys 82
81%
j-d
ion*
ft. ref 5s series a
AGeneral
59%
135%
,*•
*115
109
j-j
1975
gold 5s
1946
Guaranteed stpd cons 5S——1946
110% 113
*111% 112
36
;7i: 7...;
1974
mtge.
Ore Short Line
107
103
11
108%
100% 103%
Oklahoma Gas ft Electric 2%s
107% 108
1
65%
143
133% 133 Vt
126
;
F-A
1964
•6
'
Oregon RR ft Nav
102
102
__
108
49
—
D
adjust 5s beries a
108
63%
142
Q-A
1974
Ohio Edison 1st mtge 3s
■
1971
.
1st mtge 2%s—
1st mtge 2%s
(Wise) 1st mtge 3%a—
lOgdensburg ft Lake Champlaln Ry—
Alst guaranteed 4s.
1948
108%
—.1962
,,
T.
^Missouri Pacific RR Co—
A 1st
105%
*100%
■
108
43%
100
75
109
*27%
1
,
32%
95
75
*108
;
97
>
102%
87%
93%
28
701
89%
,
101
*65'/a 100
;
1st
Mo Kansas & Texas 1st 4s.——1990
4o-year 4s series B—i.
92%
M-Jt
f-a
—-
Missouri-Kansas-Texas RR—
Prior lien 5s aeries a
82
19
88%
A-O
Aiicmgan Central—
Jack Lans ft Sag 3%b.»....J,»^.196I
1st gold 3%«.
—1952
Ref Ar impt 4%a series
Q
1979
Michigan Cons Gas 1st mtge 3%s_1969
■If AMidland of n J 1st ext 5a^iil940
Alst mtge 4%s Inc ser A^.Jan
A Gen mtge-4s inc ser A—Jan
87%
*102%
Jf-N
48—1938
Minn St Paul ft Sault Ste Marie—
87%
M-N
1959
Metropolitan Edison 1st mtge 2%s.l974
I Metrop Wat Sew ft Drain 5%s
1950
tfAMet West Side El
;
49
■■
>
*142
Jf-S
ft Id gold 38...Jlan 2047
3s registered
2047
Ref-ft lmpt 4%8 series A.——2047
Ref ft impt 5s series C-—2047
Ref ft impt 5s series D.———2047
Coll
trust 4%s___
1975
Norchera States Power Co—
"119
118
—
105
!
63y2
143
A-0
q-j
q-j
ry
''
15
103% 103%
Jf-S
lien
'.1
,
28
108% 108%
-'
A-0
..—1974
48 registered.^—1997
•
A-O
2
100
42
47%k
y
Pacific-Ry prior lien 4s—1997
Northern
106%
105% 107%
3
28
>97
Jf-N
3-3:
AGen-mtge 5s conv lno.——^.201ft
Norfolk ft Western Ry 1st gold 48.1996
•North Central gen ft ref 5s.U
.1974
'
118% 120
105
106%
2
102%
,
•
120
11%
20
89
40% .40%
F-A
F-A
j-j
US
.
1067/a 1077/a
'
120
26%
1534
106%
86%
90%
105% 107 y4
104% 108%
66%
75
42
39%
68
.
105% 105%,,.
:;> 9:
104% 105% ; : V 31
66%
68 i .;,> ;,i- '44
68
Norfolk Southern Ry Co—
1st mtge 4%8- series A...———.1998
***•
107
,
V 88%
109% 111
&-2UV$ v2VA
■
j-j
IfAN Y West & Bost 1st 4%S
1946,'
Niagara Falls Power 3 % s——..1966
120 Va
8
1940
1943:
ATerminal 1st gold 5s
d.\
136%
*—1963
1937
.1937
I5AN Y Susq & W 1st ref 5s
f A2d gold 4%8
I AGeneral gold 5s
i
73%
t
107% 107%
107% 107%
88%i.
A-0
110% 110%
22% 237/a
11% 12%
106 y4 106%
'
62%
13
.
j-j
39
119%
•
■
Af-S
N Y Steam Corp 1st 3%s—
•
P-A
1955
—
54%
62
•118
Af-S
Af-S
~~1949
4%s
12 y»?:
4s_
50
5
61%
136%
119
M-N
1949
Lorillard (P) Co deb 5s,„^,
1951
3s debentures ———.i.——1963
Maine Central RR
23
j-d
4s
N Y Power & Light 1st mtge 2%s_1975
N Y & Putnam 1st cons gtd 4s.—-1993
51%
208
67%
136
A-0
1st 5s series A^—1969
Jf-N
M-S
1st
.
95
60
89%
a-o
1949
Louisville Gas ft Eiec 3%s...
Louisville ft Nashville RR—
1954
IAN Y Ont & West ref 4s—June 1992
87%
AGeneral
52 %
v
*50
Af-N
—1963
Guaranteed ref gold 4s...—,
80
9
57 %
59
1
.
__
Lehigh Valley Terminal By ext 58.1951
V' Lex ft Eastern 1st
50-yr 5s gtd. ___1965
1951
Liggett ft Myers Tobacco St—.
stamped..
55%
2003
2003
& 95
94
Af-N
2003
44
87'A
84%
';.4,
2003
.
4s
85
j -j
&
;
,'1:
108%
1
'
109 Va
107%
109%
108%
5
110 Va
108% 109%
j-d
111%
26
107%
110%
111% 111%
28
107%
111%
110% 110%
J-D
2
107%
111
5
104%
107%
j-d
j-d
107% 107%
j-j
*107
—
I960
M-N
*104
105
105%
Paterson ft Passaic G ft E cons 58.1949.
M-S
*111
111
111
112 Va
125%
111%
113%
Panhandle East P L 3s B
46%
—
Pennsylvania-Central Airlines—
103
3j/2S conv inc
'I!02%
debs
.1960
M-S
114%
114% 116'/a
129
Pennsylvania Co—
Moh'k
ft Malone 1st
gtd gold 4a
1991
Monongahela Ry 3V*a series B—.1968
Montreal Tramways 5s ext.—...1951
Morrell (John) & Co 3s debs...
>
US
M-N
;
Constr M 4%«
f-a
1958
Mountain States T
ft T 3%S—.
94
24
89
*105%
94
106
*103
102%
102%
70
71
94
69%
82
83%
47
82
77%
44
74%
3
105%
107 Va
74%
:
109%
N
series
A
1978
3
104%
106'/a
7
107%
110
j-j
...1945
j-j
England Tel ft Tel 5s A.
1952
v 1st gtd 4%s -series B____
—1961
N J Junction RR gtd 1st 4s—....1086
New
Jersey P & L 1st mtge 3s
■"i, New Orleans Great Nor 5s A
*-> N O
ft N E 1st ref ft
imp 4%s
New
f
Orleans Term 1st gtd 4s
ACertificates
Alst
5s
series
of
A 1st- 5s
series
ACertificates
Alst
deposit
—
.—•—1956
ACertificates
N Y
Central RR
of
4s
deposit
..
101
108
106%
111
5
fund 4%s
130%
j-d
127%
J.
86
3
84%
98% 101
,
23
92%
11
83
>
j-d
137%
133%
133% 134
j-j
133 %
deb
3%s
1952
ft Eastern 4s ext
99%
96%
V
99
100.
T-o
102%
95
21
96%
series
:
101
^
98
34
*—
..
103
4s
cons
95%
103%
Series
96%
102
Series I cons
Series
H
J cons
1998
f-a
94%
94%
96%
266
a-0
94%
99%
94 Va
94
96 V4
661
94
Gen mtge 5s series
98%
Gen
99% 100%
203
99%
Gen
110% 111%
19
mtge 3%s
3 Vas
f
Lake
-
3MiS
1997
registered
—
New
■
registered
York
N
Y
Connecting RR 2%s
Dock
lien
F-a
1975
*86%
j-j
1st
gold
ser
1980
B. ,—1975
ft
4s
7
951
...
ref
Purchase money eold 4s..
N Y ft Harlem gold 3%s.
*91
j-d
105%
.2000
103%
A-O
j-d
Jf-N
—2043
j-j
N Y
Lack
ft West
4s
series a
For
footnotes
see
page
—1973
Af-N
Jf-N
2033.
118%
f
—1973
4%s series B_-
90
*■
92%
92
106
-
100
guaranteed
89
Pittsburgh
-
3%s
93%
ser
E
*
106
103%
1st
105%
107% 107%
118% 118%.
107
114%
"3
.
•
.
107%
1
117%
*115%
»
95
S
95
103
95%
103/,:
-
,
,
9- >•$&
117
:n7d
90
:>1Q^.
.
-
97%
108
107
105
103%
106
103% 104%
*106%
j-j
19%
~
7"a
S
19%
29
18%
'
18 Va
1
19
104%
18
17 Va
107
26
21
106%
117%
80
104 V*
106%
104% 104%
105 Va
F-A
*106%
J-D
*116%....
m-n
122%
F-A
*123%
F-a
•133 rC,--
Af-N
•my*
j-d
..1950
r,n'
141% 141%
A-0 '
M-N
106%
106 % 106 %
*104
s
1950
j-j
1
j-d
t
104,,, 104%
18
71
103%
105%
2
98%
8
-198%
102 u
102%
100% 101%
30
103% 103%
101% 101%
101
I960
A-0
1948
j-d
*305 %
F-A
*127 ;> i-S
ser
series
C
A
1974
101
j-d
:
104 Va
106
101%
,
:
j-d
A-0 >
101%
100 Vt
105%
*105%
j-d :
1959
4%s series D
5s
127% 134%
126% 330
133% 138%
134% 141%
105 % 109
103% 104
*138 %
A-O
1958
1st mtge 4%s series C
Pitts Young ft Ash 1st 4s
: lit gen 58 series
gen
'
122% 122%
>127.
98 %
105
102%
105 Va
".I
..
1977
j-d s
-iPittston Co 5% inc deb—
Potomac El Pwr 1st M 3y48
h
1st mortgage 3%s
*117%
1964
j-j
*iooy8
99
102
1966
j-j
*105%
106
107
1977
*113
113
109
F-A \
J A Providence Securities 4s
1957
118%
Af-N
t A Providence
1956
Af-S
1968
j-j
115% 115 y«
119% 119%
108%
106%
1965
mtge 4%s
ist
104 7/8
3
134%
105 7/8
Coal—
debentures
1st
104%
103%
11
"5
—
B———.1962
•.
lOlya 106%
r
110%
103% 104%
106% 106%
106% 106%
*107%
141%
105 %
1975
Consolidation
—
104%
106%
j-d
137
103%
.—1975
1st mtge 4%t series B
Pitts & W Va 1st 4Y2S series A
?
1st mtga 4%s series B
107
30
j-j
..
105%
12
l%s—1964
Pitts Steel
6
105% 106
2
*134%
83
104%
104%
141% 141%
F-A
30
107 %
131
104% 105 y4
j-j
94
106
f'..
Af-S
A—.^,...1970
97%
106
104%
64
Af-N
v-1963
95
8
*109% 114
F-A
Mtge 4s series B
96%
r-y».v.
*106
87
6
104%
Pittsb Coke & Chem 1st
mtge 3VaS_1964
.
a-0
j-j
114%
109%
15
.•
105% 106%
104% 104%
F-a
—2043
106%
57
94%
94%. ;
106
106
a-o
Mtge 4s series a
98%
106%
6
1967
.
■
—1949
102%
107
111
-
92
f-a
f-a
series D
1965
3%s series E—. —1968
N Y Gas El Lt H ft Pow
gold 5s. —1948
1st
-
97
Chicago ft fit Louis—
N Y. Edison 3V+s
v
*98
F-a
1999
;ti-» Ref mtge 3%s series D.._
3: Ref mtge 3%b ser E
N Y
110%
j-j
.1998
3 %s registered
...1998
Mich Cent coll gold 3%s.*-«,.^.1998
3%s
j-j
1997
Shore coll gold 3%s..
99%
105 Va
89%
104 VB
.1957
mtge 5s series B.
a-0
65
10
guaranteed 4s—1960
2013
River
107 V*
1963
4%s—,
2013
Hud
III74
105%
" 67%
88%
-
135 Va
107%
6
"7
...
guaranteed
imot
ft
67%
128%
69
106
Series E 3%s gtd gold.———.1949
F 4s guaranteed gold—.1953
impt 4M»s series A
Cent
7
.
106% 106%
Seriis
ft
Y
139 Va
135 Va
Pittsburgh Cine Chi ft St Louis-
ft
series C__
133%
127%
M-N
—
Ref
5s
-~
12
M-N
tSAPhilippine* fty 1st s f 4s^—u.1937
ACertificates of deposit..———.
Phillips petroleum 2%s debs—.1964
i?
r99
128%
—1974
1st and ref 2%s
Philip Morris Ltd deb 3s
Series G
102% 102%
88%
•
94%
131%
124%
*105y« 105%
A-O'
M-S
B—.1974
series C—1977
debentures
US
1980
%
105% 106
F-A
—
86
89%
22
5s
108% 109
127
'-
39
•
133 Ye 134%
108%
Apr
..1974
tr 4%s—1961
Phila Electric '1st ft ref 2%s
1971
1st & ref M 2%s
1967
101%
"94%
F-a,
ft Pekin Union Ry 5MiS
Ref
N
1960
—Apr 1990
A-O
j-j
106%
21
137% 137%
A-O
series
Genera! gold 4%s
.88
& 100
107
106 Va
92
130% 130%
127% 128 %
3s
88
105 Va
106
13
Philadelphia Co coll
107% 108%
107% 111%
96
F^A
106
1960
General
110
106%
•;
107%
104
—
106% 106 y8
Marquette Ry 3%S ser D
Fhila Bait ft Wash 1st gold 4*—
118
86
-
A
series
V
*105% 105%
102 Va
106
9
M-N
Pere
125%'127%
118
107%
111
88
deposit——.
of
2'
107% 107%
111
a-o
€—^.———..^.1956::
4%s series D
103%
86
—1954
—
of
A-0
A———.1965
Peoria
114%
..
*106%
107%
A-O
ACertificates Of deposit
Alst 5%s series A_.
.—.—1954
■
:
deposit—....
B
ACertificates
97%
111%
.>>110
j-j
tNew Orleans Te?as ft Mexico Ry—
SANon-cum inc 5s series A.
.1938
y
*118
j-j
3
16
113
-
127% "127% 127%
;
j-j
1953
113
..
.
F-A
1983
107%
107
F-A
Peoria
99% 105%
45
103% 103%
Af-N
1952
110
104% 105%
113
Af-S
A-O.
102%
—
,
Jf-N
AIncome 4s
105
j-d
1974
*103%
1948
Peoples Gas L ft O ref 5s.*——1947
j-d
1945
J-D
6
dollar——.May 1^1948,
Gen mtge 3VoS ser F———.—1985
105%
110
Af-N
1948
New
.
103J, 106
104%
104% 105
1 ANaugatuck RR 1st gold 43—1954
•
4
36
a-o
fANew England RR gtd 5s
A Consol gtd 4s
Cons sinking
General 4Mis
Conv
.
105% 105%
105% 105%
j-d
Newark Consol Gas cons 5s
f
Conso! gold 4s
: Assterl stpd
Gen mtge 4y«s series E...—.1984
F-a
National Dairy Products 2%s debs_197o
National Steel 1st mtge
3s.—1065
1965
113% 113%
General 5s series B——1968
General 4Mis series
«.1981
M-N
:
Nash Chatt ft St L 4s
debentures
f
s
Jf-N
Pennsylvania RR—
89'A
83%
105% 105%
74%
j-d
1947
3s
74%
82
M-N
1968
"ffnistfmtge 3s—,.—1975
103%
70%
M-N
..1952
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power & Light Co.—
106%
100
101% 101%
j-d
series B—1955
Mutual Fuel Gas 1st gtd 5s
92%
j-j
Morris ft Essex' 1st gtd 3%a—
2000
Const* N 5a series a...........1055
•
93%
Gtd 4s series E trust ctfs
4s
Public 8ervtce El ft Gas 3y48
1st ft ref mtge 3s_
119%
>
1972
m-n
1st
96
103%
Terminal
ft
ref
mtge 5s
2037
j-j
V. 1st
ft
ref mtge 8s
2037
j-d
v
44%
: >42
:
-45%
77
>108
111%
32
113
45%
108
111% my8
"2
109
"5
109%
108
109
112 Va
108
110%
*161%
160
165
*245%
250
250 Va
THE COMMERCIAL &
Number 4481
163
Volume
2033
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
BANGS FOR WEEK ENDING ■AFRIL,l?"V-<^
Friday
bonds
;y:
,
Last
Period
Sale Price
1964
2%s deb_
Quaker Oats
Bonds
Bid & Asked
Low
Low
Last
Low
105%
Gas & Transmission—
line 3s
1965
Tennessee
R
3%s ser D —1995
..I960
severe Copper & Brass 3%s_
ISARio Grande West 1st gold 4s. .1939
A 1st eons & coll trust 4s *-, ■, -1949
Rochester Gas Si Elec Corp—
-1977
Gen mtge 4%s series D_
.1967
Gen mtge 3%s series H.__,
.1967
Gen mtge 3%s series I.__—
Gen mtge 3V«s series J—.—..L. .1969
||AR I. Ark. & Louis 1st 4%S— .1934
.1949
lARut-Canadian 4s stpd
tiARutland RR 4%s stamped.—, .1941
19
105
105%
104%104 y4
-1
103
104 y4
107% 109%
M-N
107 %
J-J
105 %
40
105
A-O
M-S
*125%
MS
..
77
107V4 115
87 ya
75
7
*108
77'/a
108 »/a
108%
109%
81
61
74
isya
12
181/4
201/4
19%
19%
J-J
66
18%
J-J
Texas ft Pacific 1st gold 5s
Gen & ref M 37/as ser E
Pac Tenn RR of New
108%
64%
65
M-S
2%s series D
4
M-N
103%
105%
50
105%
108
105'/a 105%
105 %
125
20y2
33
19%
24
A Ad J
income 5s
*105%
*
—
A-O 1
64%
—
J-D
98%
51%
66%
m-S
*109%
__
..;
U
;
•
i'i.
Bt Lawr & Adir 1st gold
J-J
*100%*101%
.......1950
J-J
—
97% 1001/4
-i
A-O
J-J
..ipoa.
& P 5s stpd_
991/4
APrlor lien 4s. ser
A Certificates
A Certificates
A Cons M
A.
of: deposit.—..,.,—.;
series
APrior lien 5s
of
4%s series A
59%
63%
447
56%
73%
59
59
62%
15
56%
73
J-J
65
67%
78
61%
78%
65%
1950
B.
deposit...—
59%
;
Ma,M
66%
10
63%
77%
47%
47%
48%
1,429
45%
47
47
14
46
120
M-S
1978
ACertificates of deposit stpd
120
7
115
'
:—
M-N
98%
98
98%
11
93
98%
J-J
90
88
90
48
86
91
lAlst term & unifying 5s
—„
1952
A Gen & ref gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s.l968
J-D
15ASt P & K C Sh L gtd 4%s
1941
1971
F-A
A-O
*106%
1989
M-N
*132
St Paul Union Depot
3%s B—
Scioto V Si N E 1st gtd 4s
ISeaboard Air Line Ry—
114% 114%
*112
—
;
—
—
—
—
14
55
61
56
7
54
60%
75%
MS
57
56
73
75%
23
69
80%
73
73%
Gen
10
107
107
r
i||
-
87%
21
21%
M-N
106%
106% 106%
J-J
,101%
101% 101%
1961
1941
J-J
debs
1965
Socony-Vacuum Oil 3s debs.*—..1964
J-J
J-J
South & Nor Ala RR gtd 5s
A-O
2%s sinking fund debentures
tSASilesian-Ara Corp coll fcr 7s;
Skelly Oil 2%s
1963
108
101%
104
105%
102
*102
73%
77
*73
F-A
_.
25%
106
18
debs
90%
19%
57
-
101%
80
349
89%
21
1954
104%
104% 104%
104%
102
3
*129%
105
104%
42
104% 104%
78
107%
__
Southern Bell Tel & Tel Co—
3s debentures
;
J-J
112% 112%
1091/4
112%
107%
107% 108
85
104
108
M-S
—1985
—
112%
F-A
1979
—
2%s debentures
105%
105% 106
143
104
106'A
9
Bouthern Pacific Co—
1st 4%s
(Oregon Lines) A
1977
Gold 4yas.
1968
M-S
105'/4
1051/4 105%
42
1021/4
105%
Gold 4%s
1969
M-N
105%
1051/4 1051/2
86
102
105%
; Gold 4%S—
1981
M-N
108
108
109%
59
104% 109%
1950
A-O
106
106
106%
32
106
San Fran Term
1st 4s
Southern
Pacific RR Co—
v
%*
1st mtge 2%$ ser A
.1961
series B—..
....LL.—.—1986
1st mtge 2%s ser E—
J-J
Southern Ry 1st cons gold
Devel & gen 4s series A
Devel & gen 6s_—
Devel ft gen 6%s
•
102
,
102%
48
136%
145
29
104%
108%
1950
gold 5s
8t Louis Div 1st gold 4s
A-O
106
106
107%
...1955
—1960
_
1st
Southwestern Bell Tel 2%s
...
144
142
142
J-J
1994
5s
101% 103%
106%
1
102%
*..
106%
..i'^103%:
..
-.
J-J
1986
I0t!#'
101%
J-J
3 %s
Mem Div
mmmm
.1967
J-J
mmmm
2%s debentures
Union Pacific KR—
-1970
J-D
A-O
121
121
121
7
117%
123 J/4
123
124
11
122%
128
*135% 138%
126%
1951
109%
103
107%
J-J
1985
A-O
debs
Southwestern Public Service 3y8s—1974
M-N
Spokane Internal 1st gold 4%s_.2013
1986
Standard Oil N J deb 3s.—„1961
Apr
Sunray Oil Corp 3% debs
Superior Oil 3%s debs
1959
J-D
1956
M-N
*105%
Swift & Co 2%s debs
1961
M-N
16
*104% 105
58
58
60%
58%
22
105%
67%
107%
86
101%
105%
105%
107%
102% 102%
1021/4
J-D
13
107%
-
107
F-A
Stand Oil of Calif 2%s debs__
*
106 %
1
--
In
a
••••<;
--
.
'••'34-;^ 34
6
92
103%
-
103% 103%
104
104
Universal Pictures 3%s debs—
.1959
,
104%
105 y2
103%
102%
f
103% 104%
105 »A
-104
I
104
7
103%
103%
M-S
104 y»
26
103%
106%
104
103% 104
Vandalla RR oons g 4s series
Cons
s
f-a
*114%
M-N
A—1956
f 4s series B——... .........1957
*115%
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E——1975
Va Iron Coal & Coke 1st gold 5S..1949
Va & Southwest 1st gtd 5s—
2003
M-S
1958
A-O
1st
5s
cons
i
AND
—
106%
106
M-S
*104
103%
*119
mmmm
122% 122%
J-J
'
109
111%
106% 113
*110% 111%
95,
Ul7/a 112
lll7/a
M-N
1995
Virginian Ry 3s ser B
__
W
Wabash RR Co—
Ward
Baking
5y2s
Co
(subordinated)
A-O
1970
Westchester
Gen mtge
Western
Western
Faclfic 4%s inc ser
Called
bonds
Q-M
•103
J-D
110%
104 %
.
A-O
110
May
113
^
151
-
102
'102-/V
84
104%
135
101
102
100% 104%
126
1007/a
M-S
102'/a
100% 104%
265 '
100%
108%
m.
102%
103%
*102% 103%
M-N
J-J
90%
90%
91%
86
86
88
25
2
109% 109%
*103% 104%
106% 107%
A-O
*104% 105%
-1980
J-J
n
117%
.83%
90
87%
96
56
175
37%
"4
106%
108 y8
109
110
107% 107%
107%
A-O
*109%
J-J
Under-the-rule
51
—
•
d Ex-interest.
year's range.
56
36%
*54
Deferred delivery sale not Included In the
in the year's range,
108
105%
90
53%
54%
ACertificates
a
106%
V84%
M-N
div & term 1st 4s—1936
of deposit
Wisconsin Elec Power 3%s
1968
Wisconsin Public Bervloe 3%a„.—1971
104
103%
104%
7
..
—
iASu & Du
109%
—
87
90-
94%.
91
86
109%
117%
*118
J-J
1941
—
108
90
84
J-J
M-S
not included
102 ^
102
-rl00% 109
102
M-S
Included in the year's range
107% 111
104 ty 116%
J-D
1951'
1960
deposit—
106% 109
M-N
M-S
of
106
54
..1992
ACertificates
115%
4
"
■>
112% 114%
»
102
1950
Central 1st 4s—
117%
,2-; 107%
4
•
-1949
t A Wisconsin
104
5
•
-1970
Wheeling Steel 3% series C
Wilson & Co 1st mortgage 3s— ..1958
Winston-Salem S B 1st 4s
104 VA
102%
..
-
107% 1077/a
110
110%
;
J-J
-.2361
Wheeling Si Lake Erie RR 4s
Gen & ref M 2%s series A
6i%
64%
>4
2y8s—. ..1951
guaranteed— -2361
-
106
3
A._
116% 117%
106% 106%
U7 %
J-D
Westinghouse El & Mfg
Registered
19
66
*104%
F-A
Union
West Shore 1st 4s
102'%
w
"
65
—,
Telegraph Co—
Funding & real estate 4V2s
25-year gold 5s
30-year 5s
Western
.•
100
k
1966
1952
A—2014
Maryland 1st 4s
99
93
104% 106 V4
15 '
107% 108
*103
65
F-A
3Vas series I
West Penn Power
107%
M-S
3%s
1955
1st ref gtd gold 3y2s—2000
Central Ry 1st 4s
1948
Terminal 2%s ser A—1970
Ltg 5s stpd gtd
1950
3%s
1907
Washington
Washington
100
102
97
v
12
100%
100
A-O
debs
—
33
:
99
105% 105%
F-A
Petroleum
Warren
98%
Apr
r...
101
*__
Apr
mtge 4s inc ser A
Jan 1981
AGen mtge inc 4y2s ser B—Jan 1991
1st mtge 3%s ser B
1971
Walworth Co 1st mtge 4s
1955
A Gen
sale not included in
Odd-lot sale not
rCasb sale
the year's range.
y Ex-coupon.
§Negotiability impaired by maturity.
tThe
pound unit of bonds. Accrued interest payable
price represented Is the dollar quotation per
at the exchange rate of $4.8484. *'
v -
200-
reorganized under Sectkm 77 of
■
!
sales being transacted during current week.
{Companies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
prices; no
•Friday's bid and asked
ABonds selling flat.
1
•
«'
'
,
*
«,
^
EXCHANGE i
RECORD
YEARLY
transactions of the week, and when selling outside
for the year.
•
'
the regular weekly range are shown
-
•
transactions on the New York Curb Exchange for the week beginning on Saturday
present Friday (April 12, 19^6), ^ It i$ compiled from the daily, reports of the Curb Exchange itself, and is intended to include every
or bond, in which any dealings have occurred duripg the current year.
following extensive list
security, whether stock
<112%
107
104
Tmmmi ''
:
10
A-O
deferred
April 6 and ending the
lio
-:
.
104% 104%
J-J
delivery sales are disregarded in tbe week's range unless they are the only
footnote in the week in which they occur.
No account is taken of such sales In computing the range
In the
~
103% 104 Va
._
-1955
105% 106
104 4
106
__
WEEKLY
and
'
34%
.1947
NEW YORK CURB
NOTICE—Cash
—
•._
•
grant 4s.
Si land
1st
135%
*108%;— ;.V
107% 107%
*107
107%
107%
A-O
J-J
1996
—
;
United Biscuit 3yas debs
Warren RR
88%
F-A
—1935
& Sons 3%s.l965
Oil 2%s
Union
110
99%
8
Seagram (Joseph E)
81%
105
107
14
100% 100%
100%
lii||
•mtmm
tASeahoard All Fla 6s A ctfs
Shell
81%
69
105
Co—
A wi—
ser
107
—
4s ser A wi
mtge 4%s
122
76%
'Ciw*.-
M-S
deposit
69
27
76
76
76%
RR
61%
56
•mm mm
1945
(Guaranty Trust)
dep (Chemical Bank)
1 § A Atl Si Birm 1st gtd 4s_—.1933
Line
129%
51
56
of
Air
A-O
15'
111
110
•106%
A-O
.1945
122
118
5
57
of dep
mtge
132%
121
65
ACtfs
Seaboard
63%
106%
132%
—
121
a
ACtfs
of
-
--
121
——
A-O
ACtfs of dep (N Y Trust)_.
ACtfs of dep (Chemical Bank)...
series A
—
——
■*>•»«»
1959
ACertificates
54%
105%
180
60%
58%
60%
102
97%
25
99% 100%
100%
A-O
.—1950
§ A Refunding 4s
6s
M-N
t? 2%s^..ww^.-— .1975
<
$Ads gold stamped.
—
A Certificate of deposit:
cons
of Mo 3%s— .1971
Co
& coll
h:i:
■
52%
120
J-J
J-J
Electric
M
1st
w&w
C
;
v
52%
47
65
.
.
ISt Louis-Southwestern Ry—
'
1st 4s bond certificates-,:
iQflf
A 2d 4s inc bond ctfs.—Nov 1989
1st
101%
San Francisco Ry
JSt Louis
A 1st
98
:
t§AUnion Elev Ry (Chic) 5s
Union Oil of Calif 3s debs
.-
95
97
1965
%]■ 2d gold 6s—..
Bt L Rocky Mt
97
Union
1021/4
102
*102
J-J
toat
mow
:
.*,«•
:
.
4r;:
110
110
r
;
104%
v
100% 100% m
..1
..
.
jr.;
103
21
*100
3% s—1960
1st gold 4S..1946
Trenton Gas St Elec 1st gold 5s—1949
:
/ 88 y8
443
103% 103%
-
J-D
Toronto Ham St Buff
;
}
146
66
64%
"•
Tol Si Ohio Cent ref St impt
'■%<.
104% 305%
98%
96
98
J-J
..I960
Jan 1960
|#
152%
103% 106
142'A
*146
J-D
Orl 3%S—1974
Third Ave Ry 1st ref 4s
109
107%
2
105% 106%
149 %
105%
J-D
J-J
105%
129% 137% m
v-
27
*
Ft Job & Grand Island 1st *«
6
108% 108%
103% 104%
104%
A-O
;. 104
29"
A-O
——195»
1968
2000
1985
High
Low
Texas Pacific-Missouri—
*109% 110%
M-8
Ref & imp
Texas Company 3s deb
3s debentures
__
108%
MS
2019
1985
imp M 4s ser C
Ref &
105
M-N
Reading Co 1st & ref
January 1
104% 105%
104%
Terminal RR Assn of St Louis—
J-J
Range Since
Sold
NO.
High
135% 135%
M-N
1st mtge pipe
Bonds
Bid & Asked
Sale Price
Period
High
104%
Week's Range
or Friday's
Friday
Interest
Exchange
January 1
No.
High
Stock
York
New
Range Since
Sold
*104% 104%
j-j
-
bonds;.
Week's Range
or Friday's
Interest
Stock Exchange
York
New
-
•
>
furnish a complete record of the
we
;
...
^^
t.
RANGE FOR WEEK ENDING
■
;?
.
.
APRIL 12
.
•'
v....
.
W
York
Curb
Week's 1
Friday
;: STOCKS
New
i
Par
ACF-Brill
Acme
A
D
Aero
F
co
8
Co.
5%
1
Alabama
50
preferred
Great Southern
Alabama Power Co $7 preferred
preferred
Products
Aitorfer Bros Co
For
——.1
conv
pfd
(Mich).
footnotes
see
page
•
10
.*
common
2038.
'
6%
5%
5%
12%
16%
8
12%
16%
8%
—
105
„
—
;
Jan
5%
700
Feb
Jan
23% Mar
Jan
'15Jan
100
Jan
•
r-;7%
Feb
19 a; Jan
-23% Feb
;
v.'i
-
5%
Feb
17,700
3,100
:!
•'14% Mar
—
58
6%
preferred
22%
Jan
Jan
10
American Beverage common
Book
^
58 '
Convertible
..r—;
9%
Jan
Jan
Class
119%
Feb
Class B
Jan
.40-t--Fe#.-;
48
48 ;
62% Mar
Jan
13% Mar
15
Mar
•
Mfg
Cities Power Si Light—
class A
American
133%
Apr '; 109% Jan
12% Mar -i v: Al4%";Jan.;
v
50
Co
Central
American
Jan
los;
100
114%
A
24
Cyanamid Co common
10
Foreign Power warrantsAmerican Fork Si Hoe common
•
American Gas & Electric
10
4% %
&
preferred
100
f
3,300
300
23
Mar
700
21
Jan
25%
■
•
Feb
Jan
Apr
191
110
Fefc
112% Mar
19%
1,700
16%
Feb
22 V4
750
50%
Jan
55
47%
Jan
57
.Mar
r:
49%
60-*;
"700
10%
10,800
7% Jan
9,000
;r 47% Jan
14,700
1% Jan
;, 21% Mar
9%
76
Aor
Jan
' "■"
55
'
5% Feb
'
180
.
*
4% Jan
900
5
•
55%
3%
243/4
243/4
25%
1,000
48%
48%
493/4
7,600
x40%
Feb
111% 112%
475
110%
Jan
lllVa
Feb
26
Jan
53%
*
Apr
116%
3,100
3Va
'-
?
76
112
4%
50
6i
25%
18%
53%
10%
121
74
'
19
*
High
82 %
63%! Jan.
113 ; Apr
23%
*
—
:
150
4%
—
'1 T
25
25
1
3,600
82%
118
January 1
•KXoufl;
■
112
1
100
1
Range Since
Shares
Hish
186% 191
188
American
American
113
23
Mfg————•
Aluminum Industries common
•
Aluminium Ltd common
•
6%
preferred
100
Jan
7% Mar
10
....
79%
79%
Goods
Aluminum
116%
105
—
17%
*
Aluminum Co common—
128%
500
<
w-
—
58
U% Mar
Low
Par
American
129% 129%'
—
5%
3,700
*
•
•
Jan
16%
3,200
7%
18 f ,
19%
•
12%
16%
8%
30%
'
Feb
13%
Jan,
21% Mar
17%
19%
5%
.
1,300
6%
..
*
•
Alios St Fisher common
Allied Int'l Investing $3
1
6%
177/8
19%
Air-Way Electric Appliance...
AJied
.
1
convertible
5%
6%
__
...B
1
B
10
3
$6
1,900
9%
11%
8% Mar
27%
2
Convertible preferred—..—10
•ilreon Mfg Corp
—*
50c
60c
High
for Week
Range-]
of Prices
Sale Price
High
LOW
*
Last
Curb Exchange
New York
Range Since January 1
Shares
10
Ainsworth Mfg common
Air Associates Inc (N
J)
Air Investors common.
■
8%
8%
warrant!
common
Supply Mfg class A
Class
-
Motors
V.'ire
Low
Friday
STOCKS—
Salet^
for Week
Range
of Prices
Last
Sale Price
Exchange
Bale*
Week'i'
Apr
51% Jan
10%
Apr
61Apr
5% Jan
26%
Jar
49%
Anr
113
Jan
NEW YORK CURB EXCHANGE
RANGE FOB WEEK ENDING AI'RIL 12
,STOCKS—
York
Curb
Last
Week's
Bangs
for Week
Sale Prico
New
of Prices
Shares
Friday
Exchange
Par
American
$2
General, Corp
convertible
$2.50
preferred
convertible preferred
American
Light & Trac
preferred
American
Mfg
American
Maracaibo
Co
$6
Anchor
Post
45%
3,500
2,100
407a Mar
46
4,000
24%
297a
Apr
1,500
12,400
30V4
30%
29%
307a
21%
21 %
22%
4%
472
:'47a
45%
45%
457v
100
41
43
48 %
850
21%
8,500
15%
Jan
2172
10%
11%
83/»
Jan
1172
Apr
Apr
2%
27a
38,500
274
3%
Jan
Chicago Rivet
——•
119% 119%
60% 65
500
1197a
60%
900
8
7%
6%
7%
*
11 %
103/4
8
10
1074
Jan
Jan
121
Feb
Jan
43
65
Apr
Jan
15%
11%
9
Jan
12%
Feb
117a
15%
1,700
974 Jan
15%
Feb
700
1374 Feb
£1
53/4
45%
39%
127a
*
Clark
Feb
Claude
35
Mar
4872
112
Jan
115%
Jan
Clayton & Lambert
Cleveland Electric
10% Feb
1474
Jan
Clinchfield
774
774
7%
7%
12%
114
5%
7%
Apr
Feb
874
12%
Apr
10% Mar
1,700
115
Feb
5%
7,900
38,500
87a
10%
Apr
21%
223A
1,100
12
12%
1,800
112% Jan
21
Apr
1074 Mar
£1
11 %
107a
1172
300
10% Jan
*
27a
23/4
30
Clinton
Cluh
.
Apr
115% Feb
277a
Colon
Jan
Coal
Co
•
10%
10
33/4
Feb
9% Apr
11%
Jan
10%
575
1
4,000
150'
78
warrants—,
Plywood Corp
Automatic Products
40,600
6,800
8
Jan
1174
Jan
24
Jan
3574
Apr
13
Apr
872 Mar
10%
12%
12%
1374
84
8272
84
11%
Atlas
—1
1
Machine
103/a
1174
34%
32
3574
13
13
1474
1,000
400
874
874
JJ
187»
1674 Jan
Mar
91
Jan
—
17
Feb
2272
25 7a
Feb
2772
Jan
1
2674
Jan
3772
Feb
1 preferred
Baldwin Rubber
Banco
.1
Mfg-*-
$1.20 convertible A
<
-
./
•
•
4272
Feb
15%
20
Jan
Brummet Ties
Beaunit Mills Inc new
200
18%
1,400
10%
2074
-1
117a
2074
9%
9%
1072
19
125
16
common—2.50
Corp
1
common—....
1
20
common
125
17
Jan
21
Apr
10
125
Feb
125
Feb
14
Jan
6,300
22
Apr
31%
2172
Jan
29%
Apr
6% Jan
972
5%
common
Feb
50
165
.100
...
Borne Scrymser Co
Bourjois Inc.—
4%
Mfg
•U/ Class
Co
Feb
6%
Jan
;
Cuban
65
Apr
Atlantic
j
Tobacco
33
3374
3174
27%
Apr
22
Mar
Feb
34
Feb
25
Jan
21
6%
6%
27%
' 7
607a
10%
ioy8
10%
44
44
18%
1474
19
50
15
19%
20%
2%
3,200
4,100
30,600
-7,600
6,400
4
300
11%
900
29
B
9%
14%
2.50
20
23/4
10/
—a
—12%«
common
7%
2772
25o
2%
9%
•>
14%
-
10%
16%-
11%
50e
Voting trust certificates.
Cables: Ar-Wireleas—'
••
American dep: rets 5%
8O0
Tungsten
Camden
Fire
Insurance..
,
.
Capital: .-Cityi
-■ '
,
voting
Canadian.- Maw.mii
»T.:.' .v
Products.—,—
;.i i
pfd
Carter
_
16%
tn--:v:
ti:
—•
8%. Jan
41
13
6%
Mar
62
674
1,400
16<A"<
—•
14%
31,
950
100
6%
6
"
397s
37%
1074
1074
-307a
6772
Jan
Feb
Apr
7V2
109
Jan
4%
Apr
374 Feb
572 Mar
4,400
40
1074
3174
,
.
Jan
Apr
6%
Jan
Jan
225 -
.,
37% Feb
43
Jan
100
1074
11
Jan
337a
Jan
Apr
3174
8,400
37a
372
13,300
19
1774
1974
3,600
13
Jan
207< Jan
1674
1674
177a
2,800
1474
Feb
18
8%
874
37a
'
24% Mar
2% Mar
23,500
207a
8%
II,100
478
_5y» Feb
1874
20% Jan
Jan
47a
Jan
"8%
Mar
6%
300
33%
35
32 y2
100
25
Apr
Jan
5% Jan
Apr
Jan
58
Apr
-30% Jan
17,500
30
Jan
9% Jan
774 Mar
300
73/4
36% Feb
38%
Mar
Jan
8%
,
"
1772
Gray Iron Foundry—
Stove
Steel
Products
Feb
Co
1
common
Jan
1372
Feb
1672
'■
Jan
v-
Feb
1274 Jan
16% Apr
6
Feb
4%
Feb
5
Jan
H7e Mar
10% Jan
13%
Jan
:;9
11%
Feb
20
Feb
Am
Divco
173/4
.
400
50
Jan
64
Apr
8,400
21
Feb
33
Apr
Jan
3874 Mar
13
Jan
197a Apr
1774
1674
1972
18 3/8
1674
164:
4,700
9,500
137a
180
350
140
Jan
187
177
50
145
Feb
177
12%
12%
13%
5%
572
1174
3874
new
4% Jan
7,200
1,200
Jan
1274
Feb
3172 Mar
3874
Apr
37
5074
10%
1174
3774
4872
3874
493/4
2472
257a
8%
470
2,900
17%
24%
26%
4,900
21
3,700
672
18%
: 6 7a
£8/1574
157a
1672
7
;
•
.
""
■
■»
*•
10,100
*
"
••
•
53/a
48
r
,
.9274
95
700
83
1672
100
54;'
JTNinlEP
Mar
108
25
9872
Jan
22%
-
:.
.
2372
83/a :
'.;
8%
:
200
<
:
9%,-Mar
16
Feb
"96
65
Feb
108
Apr
V5'^i0%
Mar
.
-
,24% Mar
:;'.10%
600
•-
Feb
Apr
8772 Mar
Apr
,
Mar
60
Mar
Mar
4174 Jan
Jan
60
Duval
.; 8%
83% Jan
9274
10
27
>21
"
•11% Mar
.
Am dep rets ord
reg .———£1
Durham Hosiery class B
common—*
Duro Test Corp <
.
„
Jan
108
Duke Power Co.
2472 Feb
-
17% Mar
>
36,400
;
•
—.
Dominion Steel A Coal B.
Dominion Tar <fe Chem Co Lt8
Dominion Textile Co Ltd—.
T P "
Draper Corp
Driver Harris Co.
Jan
-
2672
1
2574 Apr
2272 Feb
207a Mar
2072
Domestic Industries class A com
Dominion. Bridge Co Ltd
Apr
1274 Mar
Jan
113/4 Mar
*
.1
Apr
2174 Jan
774 Feb
5,900
——£1
...
Apr
26
Jan
11
5%
.18
common^..i/.,
137a
Jan
20%
2,600
Feb
23%
1
—
1974 Apr
Apr
Apr
Jan
163
177
10
dep rets ord reg—
Corp new common.
Dobeokmun. Co
64
33
36%
Jan
25
50
25%
3174
-10
1%
preferred.
Diana Stores Corp
%
!
1772
1
——
Mich
Feb
n. lGTi
FeJ
Jan
li;*' -:f^-
':^S"
3774
Jan
1,500
I,800
109
11172 Mar
1%
6772
674
Jan
Apr
5,400
20
Apr
4
'AW'-Jan,
'
''
Feb
Mar
2%
'
5%
Distillers Co Ltd—
23
47. Feb
3% Mar '
3,800
v
f*.
-
107
—100
Detroit
15% Jan
6% Feb,
7% Mar
?
47
57
preferred
Jam
19
.8% Feb
17% Apr
Mar
<i^:l157a
900
.14% Jan
.6%
.774
9972 101%
7574
8172
4 5,500
-6^ Jan
.^•350
97%, Jan
65' i Feb
;,
mmm*
x35/a
3%
600
.
"
100
3474
1272
1474
20%
20%
42%
15%
457a
460
17 7a
East Gas * Fuel Assoc
common
4% 9t> prior preferred
6%
Jan
35
Jan
Eastern States
34
Jan
27%
Feb
$7 preferred series A
$6 preferred series B
Eastern Sugar Associates—
Jan
Jan
11% Mar
4%
6274 Apr
11772 Mar
i
1474
Apr
17% Mar
100
17,900
Jan
preferred.
Eastern Malleable. Iron
..
52% Feb1
700
•
400
Jan
lb%
20
100
6274
2774
6274
2LV*
30/" .Jan:
"200
2774
58%
15% Feb
1374 Jan
3% Mar
32% Feb
9,300
34
45%
177«
62
53/b
..50c
Derby Oil & Ref Corp——'
Detroit Gasket &
Mfg—:—
Jan
272 Mar-
117
10
-'"'2
29
50
45
<
-
18% Mar
;
16%
133/4
—•
2
343/4
debenture
12 y*
Mar
1674 Mar
SfT
; •
Jan'
117e
26
>■
.2.50
De Vilbiss Co common—
1474
•
8%
Detroit
3474
viiiiii'l*
4,700
11072
—50o
Jan
'
13%
"3%
1,050
12
11%
43/a
Dennison Mfg class A
common.——5
16 prior preferred—
Jan/
■
(J W) Co com
Product*
i
•.
16V,
373/4
117s
'
52
Detroit
•
:
•
•
Carman -It Co class
A-..
Olflf T*-V-V-r
.
Feb
20%
common—
33
1,000
13:^ 1372
107) U 10%
mmmm
V.
\
;
Carnation Co common
Carolina P Sc L $5
Casco
1674
Alconoi—
irqtog
Class B non
'l -t
Feb
33
34
29
Jan
24y* Jan
ioyA
.
Canada Bread
Co, Ltd.
Canada Cement Co Ltd
cemmorr—
•
6% 56 preferred
100
Canadian Industrial
E;A
Dejay Stores
68%
v
1374
12%
Jan
——35
1027a
^
10
Jan
x8%
new com
Jan
1,^00
.1
_
9%
257a
8
convertible—
Jan
4%
.4
pfd——£1
Estate..
California Electric
Power..
A
Apr
5
// •/;v:
Calamba:. Sugar
Calllte
4%
400
2,300
-
»
5
Jan
4,800
—;—1
Feb
12
C
Cable Electric Products
common.
Class
Apr*
4%
Jan
Jan
Dayton Rubber Mfg
"
28
300
Feb
Apr
63/4
11%
Mills.
100
4,300
83 y2
39
Apr
D
Davenport Hosiery
200
<
Jan
Jan
4%
417s
8
2,500
*•
717a
22
3678
je
common.
44
•
-
Lighting Inc
Curtis Mfg Co (Mo)
Feb
12% Jan
29%
Feb
2174 Apr
247a Jan
57s Apr
59
—
& Sullivan
Apr
Apr
2572 Jan
3% Mar
CO
:
Feb
100
27%
\
Mar
6,300
27%
3%
10%
287a
m'm
974 Jan
1174
Feb
11%
1,800
;
Curtis
Jan
112
Jan
Feb
31
preferred
91
118% Jan
10874
Jan
31%
5%
107/8
Feb
1157a Jan
10
Apr
33
50
Jan
7% Mar
20% Feb
11,400
65
237s Apr
II3/4
—I
(EL) Co common....,
Jan
Jan
22 3A Mar
21% Jan
4% Jan
—
Brown Rubber Co
common...
Brack Silk Mills Ltd
Buckeye Pipe Line
—
i
150
31
•
prior preferred
Feb
Mar
$6
82
210
24% Jan
287a
common
10%
2,700
.100
Sugar-
Cuban
53/8
Jan
Apr
2,500
118
40
•
common.
Jan
21
5
46
preferred-
3972
1,600
1,800
1,500
8,500
33/8 Mar
'
(Md>
Crystal Oil Refining
Apr
113/8
common
convertible
Feb
27%
173/4 "Jan
447i Jan
16% Feb
4%
Cork International A—
*%
f
Petrol
257a Jan
30%
*
Cent
600
2572
10s
?
Jan
Apr
9
287a '
preferred—_—___8G
37
574
II
Crown
Jan
29%
21
preferred
Brown Forman
Distillers..
Burma Corp Am
dep rets
Burry Biscuit Corp—
Butler (P H)
48*%
40
%1
42
Jan
200
1072
107
Jan
£1
A
HiU
Crown Drug Co
Jan
Jan
39
3%
88%
88
43/4
100% Feb
aV Jan
.
1,850
3%
Jan
21
117
1072
1
56%
29%
~5%
_•
Bunker
Crown
6
23% Feb
5% Jan
50
27%
Jan
3774 Mar
5,000
11072 1107a
Petroleum—
—*
Brewing Co..
———1
Crosley Motors Inc———
—-*
Crowley Milner:& Co
.1
30
53
97
500
474
19%
117
1
receipts (ord reg)—£1
Feb
45
774
145,600
42
26
88
:
Feb
257a
2574
74
3%
Croft
Jan
135
450
3%
2074
.
common
convertible
Creole
Apr
4072
40
Feb
99% 10072
27
106
—:
Petroleum
Courtaulds Ltd^American dep
Jam
400
Jan
Apr
39% Jan
700
Feb
65
Jan
12%
48
8,300
3,500
1,400
21%
14372
16% Jan
6% Jan
43
5,400
55
3174
Brown Fence & Wire
common__.__.__4
Bruce
142
:
14% Mar
4% Mar
26
8%
40
Apr
3,400
4472
87a
42
9%
2,600
574
30
5
100
48
Co_____.__.__...*
British Columbia
Power class A—
Class B
$5
637»
142
5
26
82
56
25
...
5.'
3572
*
Amer dep rets ord
reg
Class
553/4
3572
Mar
1,400
39
16%
4,900
Apr
38
163/s
80
Apr
11,900
105
Jan
37
4% Mar
19% Jan
'
6
29
—*
American Tobacco—
Am dep rects ord
bearer
Am dep rets
ord
British Celanese Ltd—
,
56
A—.——.—.—*
British
28%
55/a
*
common
British American Oil
42
26
53
1
Bridgeport Gas Light Co.——
Bridgeport Oil Co.
184
34%
,
1,825
35
817s
12
150
105
3874
450
403/4
.
6
71,600
Jan
8
2,100
•
Brazilian Traction
Lgt lie Pwr.—*
Breeze Corp
common——
1
Brewster Aeronautical
Brillo
53/4
2074
15
98
—
—
Jan
37% Jan
80
207»
2674
optional convertible
preferred
•
Blumenthal (S) & Co
.*
Bohack s(H CI Co
common—*-/—-—•
1% Ut preferred
40
1374
4174
.1
S%
Apr
3,000
1,400
18074 184
Mar
49
Apr
%
-—-—
Cosden
Jan
2774 Apr?!
1
common
Ridge Corp
177a
29%
7%
Feb
20
Mar
17 74
Jarf
4172
10
——*'
Inc
Con-oon & Reynolds...
$6 preferred A.——.
Feb
29*78
774
40
•
$3
12
600
17%
9
Feb
38
1
Coro
Apr
Jan
73/4
87a
Cornucopia Gpftf' Mines
21V* Jan
28
*
.1
Birdsboro Steei
Fdy & Mach Co com..*
Bliss (E W)
Feb
Apr
13
32
3272
44
—
Co
19%
Jan
Jan
Jan
1,000
500
Mining & Smelt Ltd
Textile
145
2674 Mar
6% Mar
\
Retail
Continental Fdy & Machine
Co
Continental Gas & Electric
Co-—
1%
prior preferred
Cook Paint & Varnish Co.
Copper Range Co
Mar
15
28
"77a
100
common..—..
—*
preferred—
•
Berkey A Gay vnwihut
lf., „|
Bickfords Inc common..
Blue
Apr
12
19% Feb
8% Jan
2,200
20
125
1
—
700
Convertible
Blauner's
Jan
10% Jan
87e Jan
13,500
20%
aoo
—
Bell Tel of Canada
Benson fe Hedges
x54%
Consol
4274
10%
common—— .8
Beau
Shoe
4172 Jan
4172
17%
:11
„
Feb
14%
Jan
143/s Mar
16,600
Apr
155
Feb
60
26
1
—
Baumann (L)
common.——...
7% 1st preferred
Aircraft
393/4 Feb
Feb
900
—..—1
Stores—
35%
3,300
(new)—
Royalty QU
Steel Corp—
Feb
972
4
Co
Feb
: Mar
83/4
J
Consolidated
Consolidated
Consolidated
Consolidated
,
Basic Refractories
Inc..
(AS)
6,100
18
common.
Barium Steel Corp.
Barlow to Seelig
Bellanca
x54%
4274
Co
de
los Andes—
American shares.—
Beck
51
26%
Jan
4
3272
100
Biscuit
17%
175
Jan
1574
Consol G E L P Bait
common.—-—*
47a% series B preferred—
100
4% preferred series C.
100
B
53%
Apr
274 Jan
972
~57a
Consolidated Gas Utilities.
Babcock ft Wilcox Co—Baldwin Locomotive—
14%
1,300
1,300
17774 Apr
3374
1
wrnts
Jan
150
12,900
4872
79
102
Development ordinary
Consolidated
Jan
„
Feb
142
:
Jan
25
—
18
V t c extended to
l£j46——
-I
Conn Gas & Coke
Secur common.!.—•
$3 preferred *
•
187a Jan
Feb
800
4574
6%,
•
Community Water Seivice
Compo Shoe Machinery—
(
900
972
1872
.*
Averv (B F) A Sons
common
6% preferred
127a Feb
Jan
22
2274
850
28%
77a
18%
6%
4872
-
Patent Fire Arm*--—
25
Columbia Gas & Electric—
,.ib% preference
———-—100
Commonwealth & Southern wan
antsCommunity Public Service-—...—25
pfd..l00
JIO
123/a
—
Jan
23/a
2,400
29
8,800
1972
13
2772
100.
;
Jan
1672 Mar
207a Mar
125
35%
1874
12%
common
Colonial Airlines...
Colorado Fuel & Iron
1172 Mar
16%
150
200
140
-*
Corp.—.
Feb
140
2772
1
Mfg—
Feb
10 V8
110
1
Illuminating—-—*
49%
Jan
15272 15472
19
•
Feb
Jan
674
25,700
1,650
10
Colt's
3
-*
*
;
13%
Industries Inc——.
.—1
Utensil Co-»r*•
Plow
36
14072 142%
Aluminum
Cockshutt
Jan
137a
15372
Apr
49 7i
1,100
.
174
3478
*
Lights Inc—
160
12%
dep rects reg
Ayrshire Collieries Corp
Neon
2,400
107a
•
Feb
150
Jan
—•
Controller Co
13,900
21%
Associated Laundries of
America
Atlantic Coast Fisheries
Atlantic Coast Line
Atlas Corp
Jan
6%
..1
& Refining Co
Electric Industries—
Associated Tel & Tel
class A
Atlanta Birm & Coast
RR Co
1972
Mar
4872
7%
*
Jan
5
800
357a
48
Jan
37
100
15%
2%
272
165
10
Jan
106
6,000
176
157a
274
172
37
80
21
172
157a
1
City Auto Stamping.—
City & Suburban Homes..
114% U5%
12%
13%
pfd—100
non-voting
678
72
21% Jan
117V2 Feb
13% Jan
20
19
2072
174
100
preferred B__
18
1
•
17% Feb
1872
on
—4
$6 preferred BB—
1674
27
5
Jan
11772 Feb
1074 Jan
1,425
;
4372
8%
27%
874
10
Cities Service, common
$6 preferred..,
Feb
45
43
43
—-8.
Mach
674
18
13,200
14572
43
872
—25
4,000
2,900
7%
43
—
J
Consolidated Mining...
{Childs Co preferred
60c
-.1
&
300
12%
144
'
100
Chief
•
.
Fence
Voting
100
Chesebrough Mfg
4,600
2%
43%
144%
100
Charis Corp common..
Cherry-Burrell common
10%
Oil
Automatic
Feb
1972
12
12 /a
100
common
Jan
Bange Since
January l
Low
High
,
High
19
50c
29
46%
Jan
Shares
.
.100
Chamberlin Co of America
-2
10'
Arkansas Power &
Light $7 preferred.*
Aro Equipment
Corp
2.50
American
ser
Cessna Aircraft Co
lOo
preferred
Paper common
preferred
Ashland
Jan
pfd
56
4274 Apr
20%
Low
1
West Utilities
.57a Jan
374 Mar
21
Products
Conv pfd opt div
Jan
24
Jan
20
47%
Arkansas Natural Oas
common
Common class A
Associated
323/4
28% Jan
it South
com
common——
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4 %*
\
300
3572
Jan
Jan
X0
.
Angostura-Wupperman
6%
24
Steel
Central Pow & Lt
4%
Jan
28%
25
Anger man Co Inc common
Anglo-Iranian Oil Co Ltd—
Am dep rets ord
reg
'
{Cent States Elec 6%
preferred
1%
preferred
.'i.
Conv pfd opt div ser
35%
42%
5%
Writing
Apr
29%
44%
—1
Co——
preferred
American
Central
28%
—25
$6 series preferred
Thread
Feb
52
Ohio
I
8eal-Kap
American
54
47
25
20
common
Superpower Corp
1st
J/
Jan
750
25
common
Republics—
American
Amer
Feb
50%
54
3474
for Week
Par
Central
Jan
Sales
Bange
of Prices
Friday
High
14
Week's
Last
Sale Price
1674 Apr
5072 Apr
900
54
1
25
American Meter Co
American Potash & Chem class
A_—*
American
Low
16%
49%
497a
STOCKS
>
York Curb Exchange
New
Bange Since January 1
High.
15Va
—1
American Hard Rubber Co
American Laundry Mach
6% '
Low
common—10c
Sales
22%
Jan
34% Jaa
4572
13% Jan
120
Jan
Apr
177a Apr
12074 Mar
$5
Easy Washing Machine B.
Economy Grocery Stores—
Electric Bond A Share
pfd formerly
6%
100
8072
.
377a Mar
preferred
$3.50
—*
JL08<
common.
$5_——
3%
79/*52
3%
'474
8272
79
80%
•/
85
—
51
li7/«
.925
13
2674
*
73
7772
r
it
5,000
50
136,400
rJy
100
1,500
33AMat69
1,250
-
34%
237a
73.':.,
7572
;
425
53
347b
4,100
Mar
..
6§/,rMar
8
Jan
104% Feb
8172 Apr
42% Jan
6
Jan
Apr
>80% Apr
85
Jan
56% Jan
11% Mar
14% Jan
3572 Mar
51
;
Jan
25
18% Jan
20V4
Apr
Jan
7772 Mar
7574 Mar
78% Jan
72
;
7
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4481
Volume 163
ir
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING APRIL 13
STOCKS
Friday
Last
Cork Kxek»n««
N«v York
Week's
1
Par
Light 2d pfd
Electric Power A
158%
VHUiVi*
Option .'V.
warrants.
EiMtroRraphic Corp—
5%
200
15
1,700
25
27
29%
28%
29 %
—
37%
6,300
52»/4
125
33%
-50
Equity Corp cominon...
$3 convertible preferred
Esquire Inc.
. Eureka Pipe Line common—_
Eversharp Inc new common
-10a
51%
.100
^.1
111
14%
111
14%
3%
14%
3%
1
53
.—.1
18
18
Jan
39%
Feb
Feb
Feb
Imperial Tobacco of
Feb
27
Apr
29%
24%
Jan
50% Mar
500
Jan
13
111%
Mar
28,000
3%
49%
Feb
15
Jan
950
"Apr
Apr
Jan
Feb
Apr
Apr
33
33%
350
30 %
Jan
34
61%
64%
65%
5,500
x41%
Jan
65%
15%
15%
7%
7%
$2.50 conv pfd-.—...—
Palstaff
22
*
—
Fedders-Quigan Corp
Association
Jan
5%
Jan
8%
Jan
-115
Feb
21% Mar
26 %
Jan
40 %
Apr
38%
4,550
14
15
26%
67%
170
7%
8Va
31% Mar
40
66 %
14%
66%
78
100
26%
1
& Warehouse Co—21
(Phlla)
.It
Federal Compress
Fire
35%
37
1
13%
60,700
1,075
22
i
17% Feb
2,900
8
103% 110
Brewing.
Fansteel Metallurgical
16%
3,100
Feb
Feb
Am
rets: otd reg
dep
Motor of
SI
Pord Motor of
5%
dep rets bearer.
7%
8
100
5%
8
'
29% Jan
35
Jan
•
•
•
26
Jan
33"% Jan
67%
69%
2,900
58
Mar
69% Apr
30
30%
28% Jan
30% Apr
21%
22
21
21%
175
■
21
*
14%
14%
2%
10%
3,800
2,300
:Jahl';:,fe
Feb
36%
42%
2,000
2%
4,800
575
26
1,200
1,200
Feb
11%
2%
2%
2%
Jan
2Va
>
2%
7%Mar
•
Jan
11
■
ii ya
i
/■
;
Apr
;
41 a Apr
42% Apr
30% Mar
31%
2Va
15 Va
.4% Jan
"900
11%
1
*
,'V* 19% jrant--->
in"-1
6%
■"
30%
trust etfs—*
,
24% Jan
24% Jan
19% Mar :::r
6,900
•
15 %
Royalty———————I
,,
25% Jan
Feb
21,
1,300
'
39 ya
Irving Air Chute..
Italian Superpower ft
Jan
■■
3% Feb
Feb
13% Jan
3% Apr
w
32
-
Apr
:
:
,
l;:V:
28%
29%
12%
27%
9%
2,000
Feb
15%
Jan
Jeannette Glass
Jersey
6%
1%
Julian
Jan
22%
X22%
23%
3,600
19
Mar
24
Apr
common.
43
X43
45%
650
30
Jan
49
Jan
1
Grain A Malt
(Geo A) Cd
30
29
30V2
400
28
Mar
34%
87
Mar
100%
Feb
Feb
115
Mar
131
,
■ ■■
,
,
■-
38
40%
io7y4io7y4
17
60
107%
100
41
Apr
Jan
111% Mar
112% Jan
31% Apr
Jan
106
Jan
900
109% 110%
39
-r---*
108
Jan
$3 conv stock....—t—
convertible
1
Jan
33
11% Mar
300
12 <
7% Mar
5% Apr
7% Mar
200
28%
12%
.1M
Stores
Froedtert
25% Mar
112
Jan
France—
(Peter) Brewing
Franklin Co Distilling—
Franklin
900
27%
Jan
107
500
41%
Investors
Apr
Apt
94
.'V- •
41
Jan
Mar
110
116 "
28%
5%
8%
7
28 % Mar
Fort Pitt Brewing Co
4*
27 %
27 %
Fox
Fuller
'
92% Jan
230
105% 108%
39%
International
Iron Fireman Mfg voting
Class A non-voting.
Class B voting..
Amer
7%
70
150
500
'
110
108
5%
International Safety
Feb
S'&r $
14% Jan
40%
Feb
70%
I
30% Jan
10
*
IB
—*
29
Canada-
12% Jan
26% Apr
112 % Apr
90
Jan
27%
.vy,-
Products
Razor B
Utilities Corp com
Interstate Power $7 preferred
17%
Jan
Ford Motor Co Ltd—
Ford
100
150
*
International
Jan
Feb
15% Jan
15% Jan
13%
105% 107
110"
shs—*
;r
■
Apr
28
112% 112%
112%
—
coupon
,■
.
7%
Jan
*
,
,
Warrants
25
64% Mar
-
International Minerals and Chemicals
Registered
High
-
87
28
International Metal Industries A—*
International Petroleum
•'
JO
1
International Cigar Machine
International Hydro Electrtfc—
Preferred $3.50 series
11%
10,000
£1
....
i
preferred—100
—100
International Investment Co
Palrchlld Camera A Inst Co
Fairchild Engine A Airplane
.
13%
preferred..
Insurance Co of North America—10
22
?/'
Jan
13% Mar
1,800
14%
14%
28
Indianapolis P ft L 5%% pfeferred.100
Jan
25
3,650
13% Jan
Indiana Service 6%
7%
Low
37
7%
Great Britain ft
i-
Range Since January 1
High
35
35%
14%
Jan
14%
900
UCinuu
Ireland
Shares
Jll
Jan
4%
56
for Week
Low
•
Co
Imperial Chemical IndustriesAm dep rets regis.
Imperial Oil (Can) coupon.
Registered
Imperial Tobacco of Canada
19 %
109
Zinc
Illinois
28%
4
18%
Apr
53
Jan
53
•
51%
;
10
•
158%
12%
Feb
6%
1,800
2,450
36 %
Empire District Electric b% pfd.
Emsco Derrick & Equipment
139
Sales
;w^Raa«t«:
of Prices
Fir
High
.
Week's
rv
Sale Frlee
Range Since January 1
Low
157 % 158%
10
11%
10
Co commonpreferred
Elliott
Shares
mah
25%
National Watch Co new com
Elgin
Low
Last
New Ink Curt Exchange
far Week
of Prices
Friday
STOCKS
Sales
Rang*
Sale Price
•
—
120
.IN
preferred
120
10
Central Pwr ft U &%% pfd—100
preferred
——.100
preferred
.———100
160
111
110
25
31%
31%
*
ft Kokenge Co
109% Feb
109 V* Mar
Jan
x26
K
71$ preferred—100
Kawneer Co ——————
Kennedy's Inc
—
B
*
Ken-Rad Tube ft Lamp A
Garrett
tfowei
cu
preferred.
17
common
Nf mi. an
t
16%
Gellman Mfg Co common
1
General Alloys Co.
Gen Electric Co Ltd—
6%
General Shareholdings Corp com..—1
$6 convertible preferred—
—•
Geoigia Power $6 preferred—
"
Gilchrist
7%
Glen
14%
1.4%
10
10
15
10%
10%
300
1,200
24
20
19%
4,800
15
.
,125
•
18%
t
125
7% ■j 7%
".6%
5%
.6%
106% 108
113
113%
;
113
11'/a
110
Corp,
SJ0
Coal..
20%
7%
66%
30%
—...
$4.50 prior preferred—
Consolidated Mines..
27
u
109
;
115
200
-1
Mfg Co.
21%
7%
32
104% 104%
2%
.2%
.2%
Jan
Jan
15%
13%
,
15%
35%
35%
-36%
1,600
12
12 ""
12 %
22%
21%
23
30%
29%
31%
700
-
7,900
10,400
Apr " ;
44
Feb
105
Jan
4
Jan
Jan
48% Jan
10% Mar
51
Jan
58% Apr
31% Jan
11
Mar,
17% Feb
21
:
Mar.''
2
300
Graham-Paige Motors $5 conv pfd—25
Grand Rapids Varnish...-.,.
A
Gray Mfg Co
Grayson-Robinson Stores^
—1
69
103
3,000
60%
24% Jan
8% Feb
30%
40
58%
Jan
Jan
6%
45,100
58%
25% Feb
Mar
19
400
—io
!Apr.
Jan
'
30
65
50
.....*
common.—.
27
Jan
Feb
21% Jan
JM
Gorham Inc class*
$3 preferred™
111
Jan
43% Jan
55
Feb
Jan
19%
3,000
67
%^ Jan
Feb
5p% Mar
•
15%
52
'
Apr
Feb
71
Jan
47%
13%
23%
37%
Jan
Jan
Jan
Feb
Great Atlantic ftPaclfic Tea—
Non-voting common
1st preferred.:
stock
7%
Paper
Greenfield Tap A Die.
—•
—..—100
21
Great Northern
'
Xl23 % 126
125
140% 141
Products common—25e
Gulf State Utilities $4.40 pfd—
100
Gypsum Lime A Alabastlne
20
43%
22%
16%
16%
44%
650
19%
43%
21%
Grocery Stores
1,000
18
5,800
1,200
114% 114%
14% 15
——-•
20
325
24
Kidde
Lamp
Co
Hamilton
Bridge Co Ltd
Hammermill Paper—
38%
Hartford Electric Light—
Hartford Rayon' voting trust
mm
m
i.
■
*...*
—
common.——
■
5%%
preferred w w
Holt ft Co,-common
800
109% Mar
126
Apr
Mar
141
Apr
38% Mar
45
Jan
134
17%
13%
113%
12%
850
~6%
4%
4%
12%
12
22%
21%
preferred
Howard Stores Corp..
X
16
Hydro Electric Securities.:
...
Hygrade Food Products——
500
Jan
21% Jan
18
Jan
Feb
116
Jan
Mar
15
Apr
8%
35% Mar
,
Apr
100
i5%
500",
19
.
.19%
62%
69
69%
15%
27%
•
15%
27
70
70%
15%
27%
(
20
175
2,300
1,400
6,200
250
'
41%
43
280
41%
43
42
375
72%
7%
7%
14%
26%
Apr
42
39
7,400
26% Jan
70
Jan
65
Feb
13%
Jan
22% Jan
20% Jan
40% Apr
37%
Feb
Feb
32%
Feb
32
32%
300
61%
4,300
15%
14
15%
27%
29
48
48
325
45%
16
450
15
6,700
8
Jan
750
43
Jan
500
5
Jan
1
11%
1
X57%
;49
17%
10% 11%
54% X57%
6%
.6%
32
32
600
100
Feb
Apr
18% Mar
15% Mar
60
16
Jan
40
37% Mar
61%
16,900
Feb
Jan
Jan
•.14% Mar
107% Feb
Feb
113% Mar
40%
23%
Jan
19% Feb
48
Apr
16% Jan
17 . ; Jan
111
Feb
140
100
41%
Mar
4%
10%
15 %
16
.
17% Feb
11% Feb
6% Mar
4,100
475
109 " 109
Jan
Apr
20% Mar
15 % Feb
600
48
"
Mar
6,000
41%
^15.:.
70
$2.25 preferred.
Com stk purch warrants.
^
3,400
3,700
16
4.4
1
Hubbell (Harvey) Inc
Humble Oil A Refinln;
Hummel-Ross Fibre Corp
Hussmann Ligonler Co.,
Huyler's common.
1st preferred
23%
17%
•
16s/s
17
Horn & Hardart Baking CoHorn A Hardart common———
5%
23
21
.
.100
A Co common—
14
67
•"6%
—9
Heyder. Chemical common.
Hoe (R) A Co class A.
Hollinger Consolidated G
Holophane Co common—
Horder's Inc.
(Geo A)
40
6%
|Hi
—
Hormei
600
4%
Hat Corp of America B noti-rot com—1
Hazeltine .Corp..
piiaiiMi
^•
Hearn Dept Stores common
Hecla Mining Co
200
Helena Rubinstein.,
r
*
Henry'
15
9%
—
cits—A
Harvard Brewing Co,...
Class A
Heller Co
9%
9%
113
Krueger Brewing Co—,
^■ j
Jan ?
Apr.,
100
78%
24%
8ya
10%
80
25%
8%
11 y4
III
38
32%
35%
16%
14%
2
42
34y4
35%
17%
14%
19%
34%
*16%
86
90
76
90
Jan
Uan
1,600
II,400
«8,600
22,200
400
29
23
29
Feb
12
2% Feb
Apr M
34% Apr
35% Apr
17% Apr
16% Feb
Jan
300
;||vf;
11% Feb
42
Jans
1,200
?
Aptf
25% Apr
9% Feb
,7% Jan
8% Jan
l'/a Jan
Jan
4,400.
Apr
80
18% Mar
12% Mar
200
preferred
Prior
19
5,000
4,000
2,700
13
19%
19%
34%
34%
12% •
13%
19% ;
34%
17%
18
200
10% Jan
19%
19%
9%
200
18
800
9% Jan
Jan
37% Jan
2% Feb
42 - Jan
20% Mar
12%
>iVv
9%
9%
"
8% Jan
Jan
17% Feb
11
800
,
SC 25
31
.
3
3ya
30
39
38
——,
Leonard Oil Development
.
16,'400
3V4
43%
42%
44
1,600
Line Material Co
21%
20%
21%
1,200
9,800
250
Lionel VW*F
Corp
UlUilCA
———
26%
32
3oya
31%
•
Llpton (Thos J) Ino 619 preferred—25
Lit Brothers common
——•
Loblaw Groceterias Class A—_•
31
18%
16
18%
?
"
20
Locke Uivvi Chain..
Steel
12
8,400
3oy2
125
200
25
1
18%
18%
18%
4,700
18 y4
10
18 ya
18%
19
3,600
15%
of dep—..
7% preferred A ctfs of dep——,
6% preferred B ctfs of dep
——
Louisiana Land ft Exploration ,
■
.1
Louisiana Power ft Light $6 pfd—*
Lynch Corp new common
2
2%
2%
108%
Logansport Distilling Co
Lighting Co—
Long Island
,
•
ctfs
Common
111
12%
300
30% Apr *
30
Apr
18% Apr
Jan
19 ya
2,100
92 y2
111%
111
Jan
90
Apr
•
102% Apr
12% Apr
Jan
117 v Apr
24% Apr
21'A Mar
1,600
Jan
3% Feb
Feb
10%
"ft
Feb
Feb
26
Mar
22,800
■
Apr
31 ; Mar
18% Apr
2% Jan
96% Feb
32,400
3
111
,98% 102%
12 ya
12%
115% 117.
23
24%
102%
26% Jan
26% Feb
25% Mar
26%
15% Feb
20% Jan
34 y2 Mar
18% Apr
21% Jan
11% Feb
82% Feb
41
Jan
>
3% Jan
50
" Feb
,32
Feb
26%
26%
»
Mar
28
——
Lone Star Gas Corp common
Mar
29 Ms Mar
——————
B
Class
Jan
73
Le Tourneau (R G) Ino,
'
23% Feb
14
Feb
Mar
19%
12%
12%
19%
1
Lake Shore Mines Ltd...
Lakey Foundry ft Machine——1
Lamson Corp of Delaware
II
Lane Wells Co common—
—.I
Langendorf United Bakeries class A—*
Class
B—
•
•
5
Lanston Monotype Machine—
Lefcourt Realty common
Convertible preferred.
80
Apr
Jan
17% Feb
31
Feb
22% .Jan
44% Jan
152
Mar
43% Jan
115% Mar
42
Apr
27% Mar
33% Jan
48%
Jan
61%
Mar
15%
Apr
23% Mar
30%
Jan
10
22%
Apr
Jan
50% Mar
Mar
17% Jan
11% Apr
57% Apr
Jan
7% Feb
33
Mar
Mapes Consolidated Mfg
Marconi Internat Marine
Co.
39%
11,800
31
Feb
39%
72%
81
4,000
66% Mar
81
20
23
7,100
18%
23
'
Jan
Apr
Apr
Apr
*
16%
18
1
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co—
45%
100
29%
29
8%
30%
20 J/4
20
$2 non-cum
dividend shares
Co
Wohl
Co
common—
preferred—
Mining Corp of Canada
Minnesota „P ft L. 9% Pf<J—
5%
conv
25
11
21%
.
19
3,100
:109%
11%
500
9% Jan
59 y4
60
~8
-
16%
11%
11%
11%
1
24%
22%
24%
17%
17%
17%
300
3%
3%
28%
3%
2,500
28%
14%
15%
275
31%
31 Va
50
43
44%
1
28 y2
$
• '
30
*6%
12
11%
1
12 y4
31
37 "
38 %
:
5%
300
3,700
34%
34 y4
5%
35
-*2,200
**9
"8% "i%
3,400
36 y4
■
—
?
•
Feb
Jan
Jan
Jan
Apr
Mar
Feb
29% Apr,
16
Jan
35
Jani
Jan
47
Feb
9% Jan
11
'!$
Feb
12%
33
Jan
39% Feb
4% Mar
24%
Jan
73
i;
iiT-f:
Mar
Mar
6% Mar
1,050
:..:2,ooo
~5%
Feb
3% Jan
20% Jan
13
Mar
150';.'
7%
19
15% Feb
"
9%
17%
5%
13%
24%
18%
4%
■
11% Mar
;
21,600
6%
*
.....1•
v
Feb
4 i Mar
5,100
1,600
1,200
4%
4%
62
Jan
7% Mar
14
900
4%
15
58
60
700
8%
8
16%
•
Jan
Apr
26% Jan
12% Jan
111% Mar
11% Jan
12% Jan
6% Jan
10%
11 : i
Apr
Mar
10
Jan
125
Feb
Jan
Jan
31
8% Jan
300 "
15,700
Jan
30% Jan
Feb
8%
Jan
24
Feb
Feb
7%
Apr
Mar
46
Jan
8% Mar
2,800
4,400
.
Mar
110% 110%
~7%
10
Abrasive.—
6%
19%
4%
17%
94%
22%
16% Jan
5,000
,
20%
10%
, .
42
75
9%
29%
Midland Steel Products—
Oil
29%
8%
A V t c.l
Class B v t c—_.—
1
Middle West Corp common
0
Midland Oil Corp $2 conv preferred—*
Midi ale Co common—
51
13% Jan
94% Jan
15% Feb
2,600
10
Preferred
3
-
1,600
21%
30%
——1
————25o
15
—— 1
2.50
—•
Mlcromatic Hone Corp—.—
Middle States Petroleum class
Mid-West
>
46
20%
———
———
A preferred
-26 f
12% Jan
900
2,100
1,200
19%
20%
—
Dredgjng.
Metal Textile Corp
Participating preferred
17%
..
Mead Johnson & Co
——-1
Memphis Natural Gas common...
0
Mercantile Stores common—■„
Merrltt Chapman ft Scott
——*
6%%
3%
3
3
.'
16%
15%
15%
48
.
8% Feb
Corp common—.—.—*
$2.50 preferred —
.....—*
Warrants
Feb
8% Jan
Jan
Mar
40% Jan
..
McCord
Messabi Iron Co
6
36
26w -Jan
•-
Communication,Co Ltd
Marion Steam Shovel.....
Mass Utilities Association v t
MBS»ey natun vum., ■
Massey Harris common— .
McColl-Frontenac Oil Co 6% pfd—LOO
McWilliams
47
44
46
Mangel Stores common
,
■
1
Manlschewltz (The B) Co——*
4,100
2,500
8%
7%
optional warrants
Manatl Sugar
Midwest
34%
■
;
I
L
Miller
1
10
90
V,'\r\ ^ly:'
Piping ft Supply
Mid-West Refineries
113
89
1
Midwest
Illinois Power Co common.
0# conv preferred£»
Dividend arrear ctfs.
114% Jan
22 y4
t
M
14%
,
114% Jan
9%
700
.
H
Rail
Jan
6%
I,100
2,175
Jan
27
2,100
3,400
-24
30%
104%
Goldfield
Gotham "Mfg
22%
7%
B-.i»n
Goodman
23%
21%
Gobel (Adolf) Inc common
Godchaux Sugars.class A
Class
Feb
104
80
100
27x
26%
Apr
;
9%
6%
Jan
Feb
53
26%
125
Jan
111% Jan
800
33
Kob acker stores new common
Jan
19%
Jan
,
Apr
,.4% Mar
3,000
36%
.
6%
100
Apr
109
9%
23%
123% Apr
23 Va Feb
26
Apr
9% Feb
15% Jan
-29% Jan
»Feb
* 19
500
24
7%
14
24%
7
13%
700
22
23%
23%
•
Knott Corp
Apr
12% Feb
31%
104% Feb
100
Jan
10%
Jan
Mar
,
Jan
9% Jan
Jan
9
31%
'•
Key Co common
(Walter) ft Co
tm——■
Kimberly-Clark Corp—
4% % preferred—
—.—100
Kings Co Lighting 75$ pfd B—,100
519 preferred D.
100
King Seeley Corp.
Kingston Products
Kiiby Petroleum
Kirkland Lake G M Co
Klein (D Emil) Co common
10
Kleinert (1 B) Rubber Co
Jan
18% F(eb
17% Feb
Jan
9%
350
10%
107% 107%
125
14%
12% Jan
4,400
30%
34
Co
Alden
Mar
6% .Apr
W:,.,
Harvester
17
99% Mar
9% Mar
1,700
2,600
Gladding McBean ft Co.
Gleaner
Apr
Jan
Jan
Jan
110
preferred(AC) common
Gilbert
Pi»ofA»rAii
10%
20,500
17%
.
General FJreproofing common.-..,—*
General Outdoor Adv 6% pfd.
.100
General • Plywood Corp...;
i,—J—.1
General Public Service $6: preferred—*
General Rayon Co A stock—
—*
11%
11
11%
7
Amer dep rets ord reg.,
General Finance Corp common....
5% preferred series A—.
—--10
$5
18%
■*
-
■•Mi*
18%
14
.97
Corp common.
oatiueau
21%
21%
121V* Jan
18% Jan
10
123% 123%
123%
Kansas Gas ft Eles
Jan
8%
Jan
105% Mar
6
Jan
Jan
36% Apr
Apr
11% Jan
107% Feb
106
V
-
.'I.:.,:■'
jr'
-Ji -r
4
v
Monday, April
CHRONICLE
THE COMMERCIAL & FINANCIAL
J
" <
.
,*>/'•
•"
L:
' ■'
■
■
is
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING APRIL 13
Week's
Range
of Prices
'Friday
STOCKS
Last
curb Exchange
New fork
Sale Price
■
36
_•
Missouri Public Seyvice cozamon—...
Montgomery
Ward A— —-U--——.^
—•
Montreal Light Heat & Power.
20%
£J*'.
partic pfd———.
America-——,100
X
\
Mountain City Copper common—,..
Mountain
Producers
Mountain
States
.10
160%
2%
.15
197
Jan
Jan
Feb
Powdrell
Jan
Apr
Power
205
'46
Feb
20
-
1
i'i }.
Pratt & Lambert
y
Prentice-Hall
-.a•
Pressed
5% Feb
10% Jatt
.14
4-
144% Jan
America
—
Gas
Providence
——
Public Service of Colorado—
preferred
6%
Jan
1st
7ft
20% Mar
17
common—-—
of
of Nevada
Corp
Prosperity Co class B
160% Apr
30% Apr
25% Mar
Co
Inc
Metals
Producers
Feb
32
1,000
18 M Feb
1,400 ^14"! Mar
•>"
1st
22%
com.
new
of Canada—i.
preferred
Premier Gold Mining——-——
10% Jan
'
,
3% Apr
8% Mar
28V« Jan
400
8%
Alexander
&
Corp
6%
Jan
50
'
,*
21%
common—
23% Feb
Mar
8
1st preferred
Puget Sound Power A Light—
preferred
$5 prior
National
Bellas
•
National Breweries common
7%
preferred
;
City Lines common
25
_50o
National
Transit
National
'
'
-
1
3%
11%
^
'
'
t*
»*•■->
l f
-
>
'
-
Nebraska Power 1% preferred^^^lOO
Meter
tissue
109% 110%
19%
Co class A
Mur
L,e
Radlo-Kelth-Orpheum option warrants.
Railway A Light Securities
Voting common
——10
Railway A Utility Investment A——. 1
Rath Packing Co. common10
.18%
20%
•
common
16%
——-•
21%
17%
"
New
Power Associates-
England
11%
•
•2
33%
New
preferred.-.——————*
England Tel St Tel
100
New
Hayen'^Clock:Co——*.:
New Idea
New
40%
29
Reed Roller Bit
Land
Rice
1
Y
N
Y
City
N
Y
&
N
Y
Co common
Auction
Omnibus warrants
—-
Honduras Rosario
FoundersN
Y State
N
Y
-V
't £
:/"•1
Service 6%
*;rJ'J -V"'
Am
1
100
100
13'A
Nipissing
NomaNorth
$6
—
3%
1
26 %
1
35
Ainer Light St Power common__l
preferred—
6%
Indiana Pub Serv 5%
Noriiem
Feb
11%
Apr
21%
Airlines ..................1
"*< \h >
^
'
Jan
105%<j>Feb
pfd—100
111
J...—.——20
Northern Natural Gas
Feb
12%
North, PennRRCo—-—-w—50
Northern
Apr
56%
15%
25
Northrop Aircraft Inc
Novadei-Agene Corp..
Apr
Apr
Apr
39
States Power class A_.
£1
9
common
Works
5
Root
Petroleum
5
Co
1
Rotary Electric Steel Co
Royalite Oil Co Ltd
10
•
Russeks Fifth Ave
2%
Ryan Aeronautical Co
.1
Ryan' Consolidated Petroleum*——*
Ryerson A Haynes common————!
Apr
Apr
Apr
54
preferred
50
Utility Securities
•
Northern Central Texas Oil—.——...8
ji
Feb
56
American
Northeast
Corp
Metal
12% Mar
56%
prior
tv
Art
Jan
153.
'
North
Feb
Jan
5%
North American Rayon class A—i.—*
Class B common.-.——^-——--—.*
■
Feb
Feb
20
5
Electric
Feb
Apr
13
....1•
....
Mines
Apr
123%
117
5
Corp B—-
Nineteen Hundred
100
——•
Roosevelt Field Inc
........
Niles-Bement-Pond
Cable
Ronson
"^.
Niagara Hudson Power common
5Vo 1st preferred
0 7c
zo pieierred
—
.Class.B optional warrants
Niagara Share Corp class B com
1
1
dep rets for ord reg
Rome
pfd.100
100
pfd
—
Rolls Royce Ltd—
—I
Electric & Gas $5.10
Water
5
•
pfd F
Roeser & Pendleton Inc
—10
Y Shipbuilding Corp—
shares
S
Engineering
Rochester Gas &; Elec. 4%
—.—10
Merchandise
•
A
Dry Goods
Rio Grande Valley Gas Co v t c
•
—
Stix
Richfield Oil Corp. warrants
Richmond Radiator
New Process Co common——
N
Co
Reliance Electric
1—25
& Arizona
Mexico
42
29
Zinc
Raymond Concrete Pile common
•
$3 convertible preferred
-•
Raytheon Manuf acturing common—6O0
34%
129% 131
Jnc common———.
New Jersey
11%
101% 105%
preferred——.......—.1—100
6%
Quaker Oats common.
6%
preferred
Quebec Power Co—
3%
11%
Nelson .< Herman)•• Corp—,44.—,—8
Neptune
I
I
13" V 14%
12.50
—
union
"
22%
Radio—.—30e
National Tunnel & Mines common
1
15%
23
21%
*
.
National
15%
1
i—*
National: RuDber Machinery....
National Steel Car Ltd
37%
32
23
—•
National Fuel Gas__—
National Mfg & Stores common
^
Puget Sound Pulp A Timber—
Pyle-Natlonal Co common.
Pyrene Manufacturing
Corp ——————
Hess common..
1
Nachman
Jan
67%
1
Bt Lawrence Corp Ltd
Class A $2 conv pref—
*
50
Bt Regis Paper common
Bait Dome Oil Co
—5
1
Samson United Corp common
Bavoy
Oil
x^chif £ fcp
Schulte
Bcovill
Co..*
■
ur
.1
—9
*
nevsf, jjpoiqgnob—
A) Inc.-^_
30*4
(D
,ul
Manufacturing.
-25
pfd
—*
Bcranton Spring Brook Water Service—
$6 preferred
Bcranton
Elec
$6
Bcullin Steel Co
*
common
Securities Corp General
1
Seeman Bros Inc_
Ohio
4
preferred
100
Ohio Public Service 7ft 1st pfd,—.100
6ft 1st preferred.——————.100
Oklahoma
Natural Gas common
Oliver United Filters B
Omat
116
117
49
1
1
Semler
..5
(R
B)
25
Inc
1
Sentinel Radio Corp common
1
—
common
common
<15.50 prior stock
Allotment certificates
49
....1
Qverseaa Securities
new
Convertible stock
110% 110%
•
...
Inc—
Seiberling Rubber
Belby Shoe Co—;
Selected Industries Inc
39
115% 115%
.15
—
1
4%
38
Power 4%%
•
Segal Lock A Hardware
Ogden Corp common
—4
Ohio Bra at. Co class B common
*
Sentry
Safety Control
1
1
—
Berrick Corp class B
Pacific
can
Co
common
Pacific Gas A Elec 6ft
5% ft
«
_.
1st pfd
Pacific
preferred—
Lighting $5 preferred
Pacific
Power A
A-g Pacific
Public
IV/*
11%
12%
44
29
1st
43%
44%
.....29
•
Light 7ft pfd...
Service...—
106% 107%
.1
100
115
—
■
$1.30 -1st, preferred
Page-Hersey Tubes
«
::
.
new
<<
commonl
II*
•
2.
:
^
.
9%
Z~
50%
26%
26%
28%
•
70
68
70
Patchogue
Plymoutn Mills
Telephone
*'
4n
ureferred
Rights,
»
;
,»
w
common—..*
A
;
Oorp
49'A
r2*8%
_..25
l—
v
common
4.'
%
;|M
|
Penn-Dixie Cement warrants
1
if.
;Fenn Power
A
A
.;■
*
,
tvPharis Tire A Rubber
Philadelphia Co
Phila
j
common:--:
Electric Power 5ft
Packing
j
P<Arre
v
Pittchln Johnson Ltd Am
Governor
—
P fct»
Bess
V
04%
zL
—
RR
A Lake
—
Erie
50
new
com
5
47
21
4,000
Jan
21%
4,700
9
21%
84
14^2 Jan
28'A Feb
\
,
4,300
15% Feb
Solar 1 Aircraft
Solar
jan
Sonotcne
JaS
jln
% a"
86%
Jan
^ '
62
Jan
\y
50,
-Jan
21%
Apr
20%
,
(Howard)
Feb
Apr
54% Jan
9
Jan
115
Jan
16% Mar
200
850
Amer dep rets ord regis
City Gas & Elec Co—
3.90% preferred—
Smith
3%
Mar
46% Apr
Jai
29
Mar
Ui2
2Jfj» 29
20% 24%
x
Sioux
"
53% Mar
Apr
7% Jan
76
49%
150
Apr
34
Jan
footnotes
see
page
2038.
1
.J
common
South Coast Corp common....
South Penn Oil
Southwest
Southern
5%
6%
24% Apr
30% Jan
Pa
Pipe Line
California
:
5%ft
Southern
Pipe
Line_._
Southland
Standard Brewing
101/
Standard Cap A Seal common
Convertible preferred
743/.
ij,/a
"
23
Mar
t
1
28
10
..29
29
preferred series C.
..25
New England
Telephone..100
Southern Phosphate ■ Co————.10
Southern
11%
;:3
700
-■
Edison—
original preferred.
preferred B
Royalty Co
Spencer Shoe Corp
Stahl-Meyer Inc
,
•
.1
Corp
Manufacturing
c.n
.
Standard Dredging Corp common..
$1.60 convertible preferred
Oil (Ky)
Standard
For
Mills-J
;
Jan
^32%
Boss
Paper
Co
£1
100
Manufacturing Co
"53^
I
II;
J50
46%
24%, 25%
o
Pittsburgh Metallurgical
ny
or3a
ShsZ.
Inc
ALE
21%
.
Simplicity Pattern common^.
1
Singer Manufacturing Co——!i.—i_100
Singer Manufacturing Co Ltd—
70
113% Jan
•
Jan
Apr
Jan
Jan
"
Ltd
common.——.—^—*
Simmons-Boardman Publications—
(3 convertible preferred
•
20'"t
Mar
3%
Jan
; Jan
Breweries
Co
52
49
Mar.y
6^8 Peb
250
59%; r
Feb
14
Feb
15
6,700
-750
54
28Ya
•
*;4 t;l3% Mar
73% Mar
•
500
300
nu
iill*
„!* Ill*
76%
<8%
76%
1
~2B
Jan
8
700
_"*•
common
Gold Mines Ltd
Aircraft Corp com
*><♦«• «ihnreh
i
>
"
1,300
74%
•
114% 114%
S
Pioneer
Piper
i.j Pitney-Bowes
5,400
,
18%
9%
■■:
•
•
8ilex
-8'/2 Jan
28
Jan
20,400
cs/
•
pfd
Co
;
8%
74
Pepperell Mfg Co new common
20
59%
Peueci circle Co:—^
Pnillips
37/a
itAu
2 9ft
..
Sherwin-Williams of Canada
Slck's
61%
450
1,380
3%
16%
100
;
Water A- Power Co.
Feb
24
90
74%
"
-..IT*
com
Light. 4% ft pfd
Traffio Co
renn
2,100
K8 tVS
01?
—100
Apr
39%
100
8
-
preferred
Jan
9% Mar
17%
Pennsylvania Edison Co $5 series
pfd.*
$2.80 series preferred
«
t:;: p*nr r** A Elec class
00
3%
eya
.
•
29
28
10% Jan
'
4ft
9
common
117%
25,600
52
\
Denn Mining
Shawinigfin Water A Power..
-14%
Jan
15
Is
Shattuck
Bberwin-Williams
Jan
26%
,27
■
•
11% Jan
39,600
,
13,;
Rig A Reel
Peninsular
;113%
;
--
10%
12JA
41% Feb
108
Mar
105% Jan
.V-
—
14% Feb
44% Mar
,, Jan
38% Jan
60
•
Parser Pen Co new—...
^HiKeraourg
11% Apr
42 :
110
.4X
llSVa
.
a
•
1,200
.1,300
"—
—
Pan American
Airways warrants
~9%
Pantepcc Oil of Venezuela Am ahsiu—12%
"•tamnnnt Motors Corpi,-:,
i(z
—
1
Seton Leather common
,
for Week
of Prices
Shares
7%
—
Mining Co
Polaris
6
-
Scale
Pneumatic
14
Jan
20% Jan
50
- '"
Apr
20% Feb
10% -Jan
*7% Jan
4
Pleasant Valley Wine Co
36
Sales
Ranee
,
Ioto
High
^,11% Jan
:2,400
30 Va
*
Urt
Bale Price
Since January I
Jan
;5
31
:
19% 20
" 15%' 15%
19%
■
Will m*
-
9,200
9%
>'■*
160% 160%
—15%
common..—.———
Co
'?•
9
*31
20
19,800
4,400
2,300
•
80
400
125
3,700
4
*: 30
Murray Ohio. Mfg CO
Muskegon Piston Ring.. —mm mmmmXmmrn
Muskogee
9
3%
9
100
48
'''
^
Power common.—.
-
-.''f-
3%
_5o
Mountain States Tel & Tel—
■'*'
1
,,
——
46%
8%
9
" V^V*
300
2,200
36
Week's
Friday
Curb Exchange
New York
Low
17% 18%
9% 10%
4%
5%
13V* 14
204
204 •
20% 21%
U
17%
Molybuenhm uorp.**.*.—
10%
Monogram Pictures common———,
—1
5%
Monroe Loan Society A—
—5"- 13%
Montana Dakota .Utilities new bom-.
Moody mve&iorb
Morris Plan Corppf
High
Low
Par
Sales
forWeek
Shares ^fe'^rRanfe
.
STOCKS
21%
8%
20
.14
High
Low
7%v^300
21%
25
9%
8,000
3,500
22%
*14
Range Since
50:;
6%
Iiig
8% i
2?v 5Jar
173/2
Januar;
4' "
Jan :v
JJar
17% Mar
12% Mar
:
271/2
10%
22%
14 ia
$i
■'
.
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■/<<%
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.
2037
■
NEW YORK CURB
L
•'^r!
EXCHANGE
Si$|f
RANGE FOR WEEK ENDING APRIL 13
.11"";'.' -m,
H'lnt
Friday
Week's
La«t
Range
Sales
for Week
Sale Price
of Prices
Shares
STOCKS
Curb Exchange
New York
Low
•5%
5%
150
Stmnes
Stroock
7
Jan
Feb
160
Jan
Apr
.23%
Jan
Jan
Amer Writing. Paper 6s
Appalachian Eleo Pow
Appalachian Pow deb 6s
6% Jan
1961
^
m-S
1964
M-S
1957
J-D
1960
Af-N
108% 109%
*118
119%
1962
A-0
1970
J-D
Jan
4% Feb
9% Jan
7%
Jan
Jan
76
60 V*
2,150
29
Jan
60% Apr
42%
2,700
24
Jan
Apr
Bickford's Inc CVaS
30%
1,000
1,400
18
Jan
42%
30%
Apr
Boston
10
123
102%
105%
102% 102%
104% 105%
108
108
I
101%
Feb
!
-1
104%
103%
85
s
105Va
14% Feb
8%
7%
7%
16%
21
3
7
•
850
200
2%
,
7% Mar
6,900
18,800
14%
20
series
5s
J-J
105%
5,950
32
M-S
106%
106
MS
68
1966
M- S
1950
40
43%
950
x38
38%
41
800
28
Service
48
Jan
Debenture
5s
42
;Jan
Debenture
5c
Mar
Jan
"
110% h.1
108%
•
117%
119%
115
105
2
108%
'if 1 ■'t '
'•
J
/
•"
■
80% 108
126
109%
82
108
92
68
80
66V4
105
104% 105
2
104%
106%
F-A
103 Va
103% 104;
103
1021J
10213 1021S
.104%
103 43
A-O
104%
104Vt 104%
31
104V4
IO6V2
A-0
106% 106%
2
105%
106%
4
105%
—
—
|i|
'
113
1958
Jan
:
5s
deb
Conv
44
7 '
1969
5s
Jan
Jan
■Wvl'i'j
;
105% 108
1954
Cities
41%
107% 108
108; ' 108
1948
Jan
38%
2%s
A5%s
Feb
3%
.
108
§AChicago Rys 5s ctfs (part paid).1927
Apr
25
Apr
i
lACentral States Electric 5s—
16"%
18'% Mar
2%
>•,-
,
C
Edison
,
J
8% Jan
Jan
City Elec 3ViS.
Bell Telephone of Canada—
-1st M 5s series B
Feb
11% Mar
40%
'
66%
.144
73
■vr-iimm 102
:V V
•-
28%
27%
1,200
29
r->26
is
Oil Corp.
Mar
■
14
34%> Jan
Mar
15%
-
(Salt)—
Consol Gas El Lt & P*
3%s series N.
Feb
Gen
9%
9%
Taggart Corp common.
Tampa Electric Co common.
800
10
35
36%
j-d
6,200
10
Textron Inc
~9%
10%
21
Land Co.
20%
21%
37
A-0
Feb
29
Apr
122
Delaware Lackawanna & Western RR—
Lackawanna of N J Division—
1st mtge 4s .ser A
1993
Jan
118% Mar
pfd.
Feb
32% Mar
23
2,000
8"% Mar
15,300
$10,7% 108%
$121
105
-
128
109%
Jim
107%
„
120-/8
__
126
10% Jan
8 % Mar
1,500
28%
27%
28
Technicolor Inc common
$108% 110
J-J
—..1954
mtge 4%s
105% 105%
j-d
—1971
1969
1st ret mtge 2%s set Q—.~...1976
Consolidated Gas (Bait City)"?*
Texon Oil &
V« 104%
109% 111%
123
124
%
$113% 114%
6%
3,700
7%
41
Power & Light 7%
~2
tC
195S
1,300
123
High
101
-
Atlantic
4%s
1st ref mtge 3s ser P
Texas
:
J-J
Elec
11
7%
common
Swan Finch
Low
No.
-V;;; $111% 111%
1953
Associated
30
Superior Portland Cement, Inc—
,,
J-J
;
i
January 1
■
f
Called bonds
Ray
ri03Va
-
Sold
High
Absoc T & T deb 5%s A
\
38 V*
Corp
Drug Co.
Sunbeam
Sun
Low
>,
A-0
72%
41%
k
;.|
Range Since
Bonds
Bid & Asked
2024
59
Aluminum Products
Brewers Inc
Engine Co
Ino.—
(J B) Co common
(Hugo) Corp
(S) & Co common
Stetson
Jan
18%
1,000
9%
(A) & Co common
Sterchi Bros Stores common.
Sterling
20
Jan
3%
138
Par
High
3%
120
7%
9%
Stein
Sterling
42,700
1,800
Canada
Bteel Co of
V
Low
••
Sale Price
j'l' \ •
-A%'"Pi.*
Week's Range
or Friday's
Last
Period
Range Since January 1
160
19%
Starrett (The) Corp
Sterling
5%
Friday
Interest
New York Curb Exchange
1%
Standard Power St Light.
Common class B. ■
preferred K«i
Standard Products Co_
Btandard Silver LeadStandard Tube class B
Sterling
5%
BONDS
t'f.
High
'1
■
"^/'£•'!/ w>
17 % Mar
1st
10% Jan
24
74%
76%
43%
45%
'
42
M-S
3
106% 106%
129% 129%
J -J
...1965
MS
Water Lt & RR 5s—1—1956
Elmira
■■
.
AT-S
4s ser B————1993
mtge
Eastern Gas & Fuel 3%s
Jan
■"■l
'81%
72
49.%
39%
2,
4
187"
105%
128%
129% |
,
,
Thew Shovel
Tilo
& Allied Stocks..
18%
~7% ~8
7%
Product Exports
Tobacco Security Trust Co Ltd—
Tobacco
25
17
Realty & Construction.
Tishman
Tobacco
40%
21%
24%
350
37
Mar
43
Feb
7,200
1,300
16
Jan
25
Apr
15 Va
Jan
19% Jan
64%
40
Co common.
Inc
Roofing
Apr
71 Va
7
Feb
9
2,500
14%
dep rets ord regis.
Amer dep recs del regAmer
1%/ preferred
7%
7%
.]
Trans Lux Corp
3
3
1
50
10
Transwestern Oil Co.
"4%
warrants—
4%
24%
Inc.
Trunz
570
11%
Tung-Sol Lamp Works
80c convertible preferred—
11%
16
3%
142
Jan
111%
114
Jan
116%
Jan
2,100
3
Apr
6%
Jan
-
Udylite Corp.
Ulen Realization Corp.
Unexcelled Manufacturing Co
Union Gas of Canada
Union Investment Co.
Union Stk Yds of Omaha.
5,100
3%
Apr
Feb
5%
Illinois
Feb
52 Va
Jan
20
100
Indiana
30
Jan
10% Mar
900
14 Va
15 %
5,400
Aircraft
United
Corp
United Light &
.10
10%
10%
10 Va
600
8% Mar
11% Jan
87/a
63%
—
9
300
8% Mar
8%
8%
100
7%
63%
63%
10
23 V*
24%
4,600
"l%
46%
46
47
19
.10
"l% "l%
18%
19%
Mar
18,400
1
Jan
600
32
Feb
15
Jan
2 Va
Jan
30%
60
50
—
Apr
Feb
Jan
47
18,300
19%
31 Va
Jan
60
Apr
Mar
100
Va Feb
284
3%
Sharing
Profit
%
Preferred
.
82%
48
——
23'/a
United Specialties common
U S Foil Co class B._.
U
a*-.
S
Graphite common
U S and International Securities..
•» —
3%
2,800
10%
82%
47%
82%
1,125
48 V*
130
19%
24%
24
26'A
5,600
13,000
16
16%
650
5%
6
84
3%
'
.1970
89%
91%
14%
14%
14%
1,50a
12 Va
Feb
500
4Va
5
Feb
Feb
9
Jan
12%
22
Feb
107% 107%
J-D
$48
.1952
J-J
.1968
J-J
Lt 3%s_.
11965
m-s
46%
65
50
48
60
52
48
63
50
52
J-J
5s.
8s—
50
47
99
99
105
\
105
J-D
$104%
M-S
.1970
J-J
$114% 116
110% 111
106 Va 106%
.1955
f-a
.1963
103
deb
Conv
New
.1950
5s
England
$4
70%'
I
106
-
108%
106%
107%
ma
114
U
S
4%
6%
10%
Wallpaper, Inc
Consolidated Oil-
United
6
Reclaiming
Rubber
United Stores common
5
6%
5,600
11%
9,100
10 V2
Universal
Universal
Insurance
.Feb
7% Jan
105
■'I
30
98%
17
98%
101%
102%
;
100% 101 Va
33
99 /
101%
5 /
108%
jZ-'Htyovi
108% |i
107Va
2
101% 102%
28
Feb
.
46%
5%
47%
100
36
47 V2
38
101
105
|
28
103%
105%
107 Va
6%
7%
Jan
25%
16,400
6,300
Jan
x24%
21
Feb
25 Va
5%
5%
200
4
Jan
100
100
25
100
Jan
.2004
.•k,
I
101 y* 103%
}
Utility Equities common.
stock.
Jan
5%
J-J
1948
J-J
1968
Ohio Power 1st mtge 3%s.
lst
Ohio
1962
Public Service rs.
Light 5s—,
1955
Vogt
11%
11%
common.
12%
9%
121
130
9%
17%
3,200
17%
Manufacturing.
13% Jan
10% Mar
4,000
119
9%
119
preferred..
Petroleum.
M-N
.1979
M-N}
19% Jan
Feb
15
100
Jan
12%
8Va Jan
W
Waco
Aircraft
Co.*
7%
preferred—
Waitt
8%
CoI-.IIIIIZIIIIIlIIl
Watch
Knitting
—
Mvlla
.*0
Wpitworth Manufacturing
..
Va
Coal
A
1.2B
Coke...—
8
wiiison
(Wm
River
Williams
(R
Products
f'rnipee Elec
10
2,300
P
W>i,verin*
Portland
&
L
114% 115
15%
38
W)
Harrr^nvpA
43
1
10%
Jan
12% Mar
Feb
,
40
50
•.
16%
21%
30
31
28
32--
13%
13%
"9%
"9%
800
14
14%
400
13%
15%
4,600
1,500 '■r
1,675
1,000
20
,
-4*
'
-
55 4
Apr
-
30
»Jan
32
16%
12 Va Mar
-Mar
Conv
Jan
11%
17%
Jan
10%
Feb
15%
Apr
Jan
.
6s
15% Jan
.88
7
JE1
"4%
T.tid
5
13,600
•
-
Feb
4% Jan
^
Stinnes
Power
&
gee* page
1
102 %
102 Va.
4
'
J
v
M-S
..
J-J
$106%
..
J-J
.315
F-A
$108%
..
M-N
104
104
H
104% 108%
4
125
126
103
98% 101%
107
108%
105% 109
/ 103
i
100% 100%
107% 107%
108
108%
172%
105% 107
J"
105Va 105 Va
$126
$104 fe.;
:
107%
A-0
May 1948
...—May 1948
1951
101% 104
167
171% 171%-
A-0
1
2
"
-
19
—
6
__
„
20
104
105
73
101%
4
100%
101
103%
102%
«
;
103
28
105
''
105
105
108% 115%
108% 108%
—
115V2
104%
A-0
100% 100%
F-A
i..-..-
J-D
.
^
F-A
15
13
'
'
.
30
+or
$85
J-J
103
5
-
A-0
..—.-...1946
101% 101%
103% 304%
103% 103%
F-A
.1957
*1980,
i
..102% 102%
:41
41%
J
oft.1'.
89%
-
.
7o
78
•
A
101%'?//
102% ■;{
104%
104
/
...
96
96
41-5148 fell
42
1i
;rJ;
i
For footnotes
106
108
^
Light 6s
A7-4s 3d stamped.
,
..
A-O
Inc 5s
(Bugo> Corp—•
106%
102
.102?
_
J-D 'i
1989
AStarrett Corp
.17%. Mar
7
Feb
6% Feb
105%
101%
$106% 107%
J-D
6s.— —.—Deo 1 1966
gold debentures.-—
Standard
-
receipts—»
6s
103
—
M-S
Debenture
Jan
Apr
8%
stamped.
Debenture
111% Mar
.
14
6s
——
101
102
A-0
1952
A
(stamped)
108
113
106
M-N
mtge
6s
107%
$101
..
J-D
certificate^
Spalding (AG) 5s—
Standard Gas St Electric—
Jan
A Apr
jApr
105%
106%
J-D
Jan
29 j V
Feb
2
,
3s_——-1971
Southern Indiana Ry 2%s—
1994
Southwestern Gas & Elec
—1970
1st
Feb
24%
197/a
Feb.?.
Apr
•
18
ill
pfd.
39 ?5 Mar
49 v3 Mar
■.?
Apr
35
100
22%
•
Jan
22% Mar
100
35.--
22%
15%
>
Apr
155
•.
series
108
33
M-S
Safe Harbor Water 4%8^> . .i .M... .1979
San Joaquin Lt St Pwr 6s B
1952
ASchulte Real Estate 6s_..1951
Scuilln Steel tnc mtge 3s
1951
Southern California Edison 3s
1965
Southern California Gas 3%s^... 1970
Southern Counties Gas (Calif)-—
16% Feb
;
Feb
k
33Va Feb?
25
Jan
j
115r
140
10
5%s
107%
104
6
106% 106 Va
$105 i 107%
106%.
J-J
87
104%
14
106% 107%
?V.:
F-A
106%
81
90
105% 106
105% 106%
....
J-J
Queens Borough Gas St Electric—
Apr
Jan.
112% Mar
50
23
B
...
Ltd
19%
24% Apr
63
,
8%
6,800
35
—
Wrieh*
38-
10% Mar
Jan
49
perpetual
6«
Jan
39
5Va Feb
;
.
20
22%
Cement.
Woodlev Petroleum
(F
15%
143
4,900
30
4%%
American deposit
6%
preference
14%
143
Woodall Industries Inc.
Woolworth
7;
Jan
Apr
22
11.400
10%
19%
common
114
$87
105%
J-D
1st mtge
.1964
'Sinking fund deb 4s
—...1949
Public Service of New Jersey—
9% Feb
»32% Apr
Feb
6Va
.
Inc.
Wisconsin
24%
10
6%
43
Co.
-
,
Feb
30
2,100
^
Corp.
&
4
19 ya Febi'
>
100
63
& Co...
Oil
C)
6V4 Jan
-
800
8%
22
Wavpnberg Shoe Mfg.
Wichita
35%
57
Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com...—•
Whitman
700,
7,700
23%
6%
Western
Westmoreland Coal.
Westmoreland Inc
8%
32%;
63
West Texas Utilities $6 preferred-^-.*
West
7%
28%
33
Baking Co warrants.
5s
-
113% Mar
'■
Waltham
Ward
31
a
U
Wavne
r-
&
Public Service, Co of Colorado—*
..100
j
Bond
&
'■
7%
•
WagDer Baking voting trust ctfs ext..•-
Power
Pennsylvania Water & Power 3%s_1964
3%s
1970
Philadelphia Elec Power 5%s
1972
Portland Gas & Coke Co—
5s stamped extended...M.m.^...1950
Power Corp (Canl 4VaS B
1959
Jan
145
Mar
109
108%
103%
104% 104%
J-J,/,
1977
1st
convert! ole
108
106
104% 106%
104% 105
F-A
1964
Penn Central Lt St Pwr 4VaS
$4
104 Va
F-A
Park Lexington 1st mtge 3s_
Venezuelan
107
107% 107 Va
$107% 108%
A-0
A
46%
45%
46
Feb
104
Pacific
Vafcg&r Corp
45 Va
M
Y -"''-'V-l?
A-0
1971
3s
mtge
106%
ii #
V*.
I
Apr
5% Feb
103% 104
$106% 108
$102% 106
M-N
Apr
6
47%
Utah Power & Light common.
—
,1964
3%s——
N Y & Westchester Ltg 4s
North Continental Utility Corp—
A5%s series A (part paid),
101%
103%
A-0
,1954
j
!
107% 107%
M-N
.1948
5s——
N Y State Elec & Gas
Jan
25
Utah-Iaano nugar
New England Power Assn
Debenture 5%s
5% Feb
24%. Jan
.
Universal Proaucts Co
85.50 priority
17
|
i.#
115
■■
U S Radiator common
I
.i
78
5
7
..
M-N
.1961
3%s.
Power
78
i
104
102%
21
100% 102%
j-d
,
115%
111 Va
105% 106%
l.T;
$104
100% 100%
100%
M-S
-1948
115
109 1
12
103
76
106%
J-J
.1947
-
106 J/4 106%
M-S
.1948
Amsterdam Gas 5s—
El Assn 5s.
55%
107
114
J-D?
.2022
A—
series
-105
106% 106%
M-S
.1981
':
77
A-0
.19671
50
10
105%
J-J
106%
99%
1
-50--60
t
103%
95%
41
99%
60
100%
-22-
102% 103%
103 %
.1969
Gas Light 4%s—
59%
52
52
52
.1957
Superpower 6s.
65
-
52
50
.1957
i
108%
48
48
Ka
/
107%
66%
.1955
New Eng Gas St
23% Jan
Mar
89.
m-n
.1955
.2022
New
7% Jan
95% Feb
91
:
105%
105
.1966
6s
17% Feb
Jfen
103%
105
Nebraska Power 4%s.
Jan
3,500
1,100
106
103%
Valley RR^Exlended at 4% to
27% Jan
Mar
102%
105
102%
McCord Corp deb 4%s.
l8%",:pet^^if- 24%''Apr
15
102% 103
103% 103%
f-a
J-J
Milwaukee
105%
105%
m-s
3%s.
48% Feb
•
105
Midland
12% Jan
•
105
Electric 6s—
Kansas Power & Light 3%s.
Kentucky Utilities 4s_
4% Jan
2% Mar .Apr*1 ^
78% Jan
46%'Jan
.
*•*10%
50
5%
with warrants
85 1st preferred
3
10%
preferred.—
United Shoe Machinery common
<: 10
2
2
J-J
Kansas Gas &
Mar
292
Jan
71
-1963
Kansas Electric Power
Feb
9%
8V4 Jan
dep rets ord regis.
United NJ RR & Canal...
Amer
102%
75
14
-
105% 105%
.1952
Jersey Cent PoW &
48% Mar
Jan
25 Va
8,000
74
105% 105%
.1957
a Italian
101%
—
105%
A-0
.1952
Debenture
Jan
30
95
29%
56
30%
-7
Railways-
29 Va
22% Mar
62
104%
.1950
F
Interstate Power
63% Apr
Feb
59
107
60%
A-0
(July 1941 coupon).
A7s
107% 108%
.1957
B.
5s.
1941 coupon).
(Aug
series
A 7s
Feb
8%
Jan
27
common—
A7s
13% Jan
Jan
United Molasses Co Ltd—
United
,
& L 3%s__
International Power Sec—
A6 Va s series C—
A6%S (Deo 1 1941 coup).
A 7s
series E_
—
Jan
3%
participating preferred.
$3
5%
600
Products
United Milk
Service
1st lien & ref 5s.
Jan
3%
United Elastic Corp..
Gas
13%
11% Mar
1,700
3%
United Chemicals common,,..:...
United corp warrants.
United
12%
104%
3
-
~
108% 108%
Co—
Power
1st & ref 5%s series
Jan
37/a
Products.
$101%
72%
Jan 1949
17% Jan
Feb
lOfl
8%
J-J
Jan 1949
6s series B
U
12
J-D
$62%
108%
R2
5
$104%
.1958
Indlanapolis P
12
J-D
.1953
Hygrade Food 6s ser A.
4% Feb
9% Feb
Feb
42
2,100
5%
13
16%
.1963
3%.
J -J
Feb
52%
25
Green Mountain Pow
J-D
.1950
Grocery Store Prod 6s—
Guantanamo & West 6s.
A-0
.1948
A.
80
-
104% 105
.1969
3%s
Power
AGeneral Rayon Co 6s ser
West 4s_—
Grand Trunk
Mar
Jan
100
4,000
8
Gatineau
3% Feb
Jan
190
114% 115
100
.
Tonopah Mining of Nevada.
Tri-Continental
2%
2,000
79
Jan
14% Feb
Jan
$72
.1961
stamped
5s
Va Jan
108
131
.160
preferred
6%
Toledo Edison
2%
135%
2%
2%
135
Todd Shipyards Corp
^
Residential Mtge Bank-
Finland
2038.
,........
»
■,
>
>
■
:
^
V '•*
n
V
*
3r
*
I
urS
-VI
y*At i -k
^
*-<9
^
F J *
****
•+
,^V'
«
*
CHRONICLE
THE COMMERCIAL & FINANCIAL
2038
Monday. April 15,
1946
I
EXCHANGE
NEW YORK CURB
%
APRitI*f,:'fi
RANGE FOR WEEK ENDING'
Week's Range
Friday
Last':
Interest
Curb ExehABf*
Period
Sale Price
Bid & Asked
J,
Low
0ttones (Hugo) Industries—
A 7-4s 2nd
j
Toledo
Electric
United
,,;
N
J
A-0
1948
3Vis——
Low
No.
Period
40%
J-J
——1968
105%
High
Danish
1949
4s
United
40 %
11
105%
1
108% 108%,
w*-'" i>
Light & Power Co—
•
let lien & cons 5 % s.« »..»1950
15
41
105% 105%
108,,
A-0
Extended
48
ALima City
110
!-
104% 105
104%
13
106
107% 107%
107%
109%
114%
3
Af-N
114%
-114% 114%
10
*
A 5s
debs.
$16
A7s
i
•/
M-S
1964
J-D
uo9% 110%
107%
109
West Penn Electric 8s—.,.203(11
West Penn, Traction 5a———1930
A-O
tl08%
108
122
108%
123%
101%
106%
—
83%
83
84
%
72 %
67
—
f
s
debentures
J-D
$123
F-A
1959
$104% 106
129
•
.
Period
Sale Price
Bid & Asked
Low
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A 20-year 7s———Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1941
Sold
33%
35 »/2
50%
50 y2
20%
J51 Va
$42
35%
35%
M-N
35%
A-O
$51%
$51%
$28
35
J-D
93
93
M-S
—
—
5lVa
23%
value,
sale,
x
J-J
41
41
"
1919
J-D
11
11
41
10%
J-J
10%
d Ex-interest,
Deferred delivery sale,
a
90
149
n
41
7%
7V4
108
e Odd-lot sale,
39-
37
1
11%
11%
96
37%
$44
1921
6Vis
Under-tht-ruls
141/4
14
sals,
Ex-divldend.
January 1
A Bonds
Low
{Reported in receivership,
High
being traded flat.
HEx liquidating cash dividend of $22.50, plus
A-0
$80
78%
78%
j-j
$80
—
80
80
J-D
$26
30%
26%
27%
—
32
23 Va
$Frlday's bid and asked prices; no sales being transacted during Q&mnt week.
Range Since
No.
High
27
\
■
Government
•No par
Bonds
94
21
24%
J-D
1947
1931
Rio de Janeiro stamped (Plan A)
interest reduced to 2%
-2012
rCash
Friday's
10
96
89
*
-
••
Interest reduced to 2%s——.-2008
;
Week's Range
or
J-D
*
Bank of Chile 6s
»*,v
.
Foreign Governments & Municipalities
Last
M-tf
1951
Mortgage Bank of Denmark 5s—-1972
Parana stamped (Plan A)
=
Interest
$22%
2008
A5%S
Friday
28
i
High
94
•
(Plan A)
stamped
(issue of Oct. 1927)—
ARussian
bonds
New York Curb Exchange
28
M-S
Low
84%
Western Newspaper Union**-~
conv
-
of May 1927)—-—1947
A7s (issue
..1954
income
,,
rX':.
A Mortgage
Wash Water Power 3Vis.
*
■
January
.
Mortgage Bank of Bogota—
v—.
202a
7s
i
F-A
•
,'-
®ftnge Since
Sold
No.
92
91 -'91%
J -J
,
Bonds
r
High
$91.;
91%
F-A '
'm
1959
Interest reduced to 2y«s—
;
6s
;U
Maranhao
Waldorf-Astoria Hotel—
«
•
"
6%s stamped-1958
(Peru)
*'■»"
stamped
'
v
.1953
5s_——
Danzig Port b Waterways-?AExternal 6%s stamped—
107%
AMedellin
'
Utah Power & Light Co— ;;■/;:•//•
Debenture 6s series A——
104 y«
Friday's
Bid* Asked
M-N
.1955
5%s—
.
trotted Light ft Railway* (Maiae)-*
6e series iu——..»«,i.l953
or
.
Sale Price
Low
ill".-
stamped.....—
Edison
Range Since
January 1
Sold
High
Interest .i'w.iLast..
Exchange
Curb
York
New
Bonds
Friday's
or
Week's Range
Friday
'BOND!
BONDS
York
New
stock distribution.
Abbreviations used above—"cod," certificates of deposit;
"cons," consolidated; "eum,"
cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust
"w i." when issued;
oertlflcstesi
"w w," with warrants; "x w," without warrants.
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING APRIL 12
Last
Baltimore Stock
Friday
Week's
Last
Range
of Prices
Shares
Pat
Arundel Corporation
Bait Transit Co
Preferred
.
'
- v. .'v.'-, '
v..
28%
7%
28%
40
4%% pfd B.100
/
-
•.
;4>.t
300
25
1,326
2,194
8%
41
118
28
High
Jan
29%
4% Feb
41
Associates
Alkali
v
t c
1
—
Narragansett Rac'g
Nash-Kelvinator
118
14
116%
Jan
118
Apr
25
168
Jan
178
Apr
2
300
Mar
305
National
305
•
Mar
300
305
National
Bank-—
Marine
Amsterdam
New
North
5%%
Oil
North
31
35
102V*
-30
Casualty
American
36
548
102 y4102%
56
-
2
Co,
Service
Fidelity & Guar
*
1.10
16%
Jan
36
i.;M&
•
5s
Mt
—50
''f:
1
Bonds—
Baltimore
.
10
1.20
53
Mar
56
Feb
81
35
98% Mar
31% Mar
37
Jan
935
,
70c
102 Vz
52%'
52%
54
526
93%
Feb
94
$29,000
18,000
.47%
Jan
87
Jan
94
99
99%
102% 102%
94
6,450
Jan
99% Jan
Stone. &
Apr
Boston Stock
99% Apr
Week's
102% Feb
Last
Range
Sugar Refining.—.....
Low
Zwo
American
Tel
-100
American
Woolen
Anaconda
Copper
Tei____________
——
191%
46%
-•
pfd„ -100
Inc
Elevated Ry
-100
Herald Traveler Corp..*.
24
147
i
.100
6%
preferred stamped
.100
7%
class C
pfd stamped
10% class D 1st pfd stamped..
Boston Personal Prop Trust.^..
Boston 0b Providence RR„,..
Eastern
1st
Fuel
-100
30
143%
Jan
960
23
115
136
Jan
44
Mar
83
41%
83%
■■
78%
78
ccnv
Inc
common
preferred.—
Employers Group &***<*
16%
lay,
16%
Public
(|r
Electric
19
9
Hathaway
72%
67%
9%
Maine
100
•
100
——
RR common—.
5%
16
903/a
1%
Apr
Jan
Jan
132
Feb
133 y4
Jan
2%
Feb
75C
Jan
3
90
42%
42%
Jan
16
Mar
Apr
35
90% Apr
41%
300
23/4
72% Feb
1,724
4%
15%
2%
2%
433/4
4%
15%
4%
47%
250
Feb
3% Jan
14% Mar
2
6%
Feb
Feb
17% Jan
Jan
6%
Feb
37
Feb
67
Jan
8
Jan
13% Jan
16
14
Jan
Jan
4
.•
Jan
Holding Corp
..
152
24
'
Jan
6
Mar
Feb
19
19
19%
49
49
/-: 41
i40%
44
135
*
42
41%44
5
~
325-
:V. 52
20
61%
65%
523
48%
49 Ya
43 y4
Adams
91
1,521
&
Co
Athey Products capital-.-
12%
Feb
35%
103%
80
7%
115
Feb
-Apr
Jan
Feb
'II4
—
—8
3
(W H) common—
Seelig class A com
Bastian-Blessmg
'
Co
Belden Mfg Co common-—^
Berghoff Brewing Corp—:
Mfg Co capital
Bliss & Laughlin Inc
common
Borg
Feb
Brach & Sons (E J)
capital
Brown Fence & Wire class A
pfd
41% Apr
v.
.
44
Apr
65% Apr
51% Feb
734
22 %
Jan
41
10%
Feb
IT
500
Apr
1%
Jan
3
Jan
58%
Feb
■
'.••
394
643/a Mar
77%
Apr
70%
185
83%
Feb
1%
1%
100
2%
Jan
153
153
153
Apr
1% Mar
11
151
Jan
20%
210
18
Jan
34%
35%
279
32% Mar
14
ya Mar
Week's
155
20%
Jan
Feb
39% Jan
Sales
Range
for Week
of Prices
Shares
V "
Common
Burd
Piston Ring
4%% pfd
16%
400
10%
400
113/4
123/4
1,500
23
23%
126% 127
300
123/4
>
15
r
14%
5%
5%
54
f
16
15%
common
...5
——
103/4
14%
Jan
Mar
25
134
12%
51/8
47
550
155/a
Jan
54
19% Feb
8% Jan
6% Mar
*
93/8
Feb
7% Feb
Apr
Jan
Mar
15 < r Mar
950
3,700
Feb
Feb
Feb
14% Feb
Jan
<
—.
13%
10
•
l
•
■mm
21% Jan
42% Apv
23%
233/4
■
200'
31%
26% Jan
"
3,900
-
*
17%
Jan
Feb
Feb
27 %
29
-
■
100
18%
Mar
22
12% Mar
20 Ya
2,100
1,100
15%
Jan
'
Jan
35% Feb
22
Feb
43
43
50
40 V2 Mar
49% Jan
29
50
29
Apr
Jan
33% Feb
Mar
45%
10%
14%
110
Jan
44
11
400
44
300
13%
22
MM-to
Jan
34%
16%
11
..
25% Jan
19%
350
29
.
44
—100
24% Apr
390
31%
'
18
31%
20
20%
421/4
13% •13%
24% 251/4
—
—
243/4
20%
43
m
Castle & Co (A M) common—
Central Illinois Pub Serv $6
.pfd—
Central HI Secur
Corp common—
Convertible preferred
20% Jan
13% Jan
19
50
73%
Feb
125% Mar
2,350
16
19%
93/s Mar
1,600
6
12%
243/4
29
12%
..
15%
Jan
16
170
54
Feb
173/4
20
7%
20%
*
1
-
19
11%
«...
12%
High
Lou
10%
*
-
Range Since January 1
High
16
1
;
Burton-Dixie Corp
Hrof.hers
Low
19
10
Bruce Co (E L) common
Burlpr
>56% Jan
*
Corp
—
<
.
143/4
22
22%
303/8
109
43
31%
109
45
109% 110
4%
22
5
22%
9%
39
550
,
10
950
160
700
150
•
10% Jan
Apr
700
1,300
J
ii'iiilifcl'iw »W|W"W
67%
20
20%
•'■
•
(George W)
Feb
Apr
1
1
Jan
Mar
77%
69%
41
"lO
-
Binks
46
49
Feb
74%
70%
1
—5
58
^11% Jan
48
common—.
Apr
775
14
83%
Jan
„
Apr
40
13%
Jan
46%
1
Mar
48
78%
107
*
Automatic Washer common
Aviation Corp (Delaware)
17
57%
925
48
•
—5
Apr
14
56%
83
100
common
73
38%
2%
l
pfd
22% Jan
39%
2%
*
Allied Laboratories common
American Public Service
Jan
40
Feb
Apr
Jan
47% Apr
38% Apt-
47
5
49
44%
153%
81 %
16
25
Jan
38% Jari
25% Jan
1103/s Jan
155
19
Advanced Alum CastingsAetna Ball Bearing common-.
Jan
11% Jan
21
(J D) Mfg common—
Corp common
Apr
Jan
54% Jan
Apr
43% Jan
82%
For
Jan
41
35
1,560
Last
30% Jan
18% Mar
32% Feb
1,130
Sale Price
STOCKS—
Barlow &
103%
75
Jan
8%
Mar
48
Friday
Apr
Va Jan
84 Ya Apr
8% Jan
26% Feb
150
47%
39
Chicago Stock Exchange
Apr
Jan
300
19% Feb
23 y4
Jan
Feb
56% Jan
51% Feb
56
7
41
115
45%
Zl2%
Asbestos Mfg Co common
Associates Invest" Co common
Jan
7
±
•
Armour
Feb
37
*
—
Jan
70
"
393/4
35% 38%
1453/a 153%
47%
149%
1
100
Jan
108% 111
•
50
corn-
Jan
99
393%
10
Smelting Ref & Min
Feb
7
Jan
17
100
25
25
50
41
>
common—;
-
23
100
7
111
11—25
preferred
20
80
17
18% Feb
100
'
•
393
101 ya
80
275
281
8%
5
Feb
215
173/8
22 5/s
8%
—5
Co—
19% Apr
297
17%
22
31*
—
17
10%
17%
22%
m
451
35%
100
—
.»
class
Copper
127
6,500
1,739
86%
——•
com
102
.
9%
2%
Central
509
34%
—1
—
76
290
1%
10%
•
Shoe Mach
Barher Co
Class B
Kennecott
Mar
80
'
80
229
17%
-41%
—
Bakeries
720
10
20%
18%
73 ' &
•
Service
Gillette Safety Razor Co.—.—
,
430
18%
181/8
Filene's (Wm) Sons Co
First National Stores...^MM^.MMM..«
General
232
83%
17%
,
$2
42
19%
100
—
Inc
Elec Securities
49
49%
84y4
171/a
—
Lines
16
-.-10
148
2,201
48
18%
Eastern Mass Street Ry common.—100
6%
1st preferred series A
.,.100
pfd adjustment
100
Engineers
195%
152
20%
-100
,..,100
->'5%
SS
Feb
Associates—
4%%' prior preferred
6% preferred
Eastern
185 y8
Jan
-5
-10
—
b
1,339
Jan
loo
Hecla—J
Gas
28 %
25% Jan
Mar
58% Feb
43%
-100
&
45%
30%
-100
class A 1st pfd stamped—
class B 1st pfd stamped—
Service
1%
—
Machine
Fruit
Auimrai
8%
Calumet
Jan
1
High
Mar
49% Mar
RR—
5%
Cities
103
43
49%
•
38%
337
152
..
•
Low
80
23% 24
146% 148
—50
prior preferred
Feb
Apr
77% Feb
Feb
20%
250
123
129% 130%
iy4
*
Westinghouse Electric Corp-.
Range Since January 1
High
42% 43%
54% 56%
190% 192%
45% 47%
463/8 48
"
Boston b Albany RR——— -100
Boston
Edison
—25
7%
17
1,780
119
129%
Vermont & Mass Ry Co
Waldorf System Inc
Shares
American Agri Chemical Co—.
Maine
119
11-50
Drug Inc
Venezuela
for Week
of Prices
Par
? a■
b
1,500
-.—25
Union Twist Drill
Sales
Sale Price
stocks—
Boston
325
l'/a
Mach—
Torrington Co
Exchange
Friday
•
Boston
23%
1
——J*
—
Hole
Webster
Suburban
U S
Boston
28%
223/4
1^5
—100
RR
Button
Reece Folding
54
,
Son
223/4
23%
*
...
Pennsylvania
U S Rubber
6t
Jan
100
Quincy Mining Co
1.30 Mar
United
Bigelow-Sanford Carpet 6%
71
2.50
Pacific Mills
United
Biro
106
28%
preferred
United
ft
77
1
Shawmut Association'
1975
A—_—.—
Vernon-Woodbury Mills Inc—
20-yr debentures (subordinated).
American
36%
76
.
1975
4%
Wi
c*l
4
Feb
Jan
</.
Transit Co 48
series
Apr
29%
-1
Inc—
Mining
Old Colony RR
Apr
20
56
35
-——25c
,
23/4
135
5
Assn
Cos
Butte
Reece
U S
200
77
New England Tel & Tel
.
High
23/4
36%
New England Gas & Elec Assn—
Mt
Vernon-Woodbury Mills—
Common
—.—20
6.75% cum prior pfd—
—
100
Low
2%
36%
Apr
Apr
176 % 178
__
Sales
High
m-mm
*
Works
Mergenthaler Linotype
8j/4 Apr
Feb
Util
Mathieson
Range Since January 1
CKIAB
Week's
Low
t
«
20 '
Finance Co of Amer A com—.—.100
Fidelity & Deposit Co
Mass
Range Since January 1
Low
29
7
Shares
1X7AAL)m
Par
High
41
•
100
Consol G E L & Power
•;
vtc
common
t c_
v
Low
_•
for Week
of Prices
Friday
for Week
Sale Fries
STOCKS
Range
Sale Price
STOCKS—
Sales
-
3
Exchange
22
■?
:
25% Jan
109
Apr
33 V2
X107
Mar
Jan
16% Jan
27% Jan
32
Jan
109
APr
Jan
•43-
Apr
Feb
113
Jafl
3% Mar
21
12
Jan
5% Feb
25
Feb
8:
i
{''4'
p
ppmm
r\-y
*■
p^gp- pg
Vdlume"' 163 Niteibef 4481
Friday
•
'
^
LW common.
Convertible preferred
Chicago
Towel Co—
capital
Common,
196
16%
16 »/4
9Vp '9%'
—•——v 80
,133%
Co common
—
10
»
■
--
35%
20
9
'.14
'Do&ge
Mfg Corp common new-U-xxslO
14
Dothler-Jarvts Corp'_„—'
31%
-• -
17
Feb
Jan
10
Watch Co new——-—15
Elgin Hat
As Cimnell^Driedge'&
Fits Slipbns
DoCk
Co. common——
I
-10;
General Candy class A—
GeneralFinance. Corp
-
—'
-~P,<
Goldblatt Bros Iric cdhpfion-—x——•
11%
.
InC
Brick
Illinois
—5
Warrants
Interstate
common
Prod
X.
$6
Power
x—
—
1,400
2,700
.
Jan
71/4
Drug Co
commion.
6%
22 y«
33
46%
—100
46%
47%
~
19%
21%
12%
12%
18%
18%
7%
7%
»
48%
48%
49
1
11%
11%
16'A
12%
16%
7%
8%
—SttdMfasidfefcattfiift—■
Electric
lit
m
■ m ■
Corp
iron
(Glenn L)
...
•
common-^—
I
Jan
Jan
22
Mar
Feb
10 y4
.•
~7%
Co common
1
41%
23
22%
41%
23%
27%
26%
.-—10
1,000
1,300
2,900
"
:
17
Feb
21% Jan
22% Jan.
20% Jan
17% Apr
Jan
27% Jan
8% Mar
10%
22
22%
800
77%
200
y4
17
Kellogg Switchboard common--——•
Kentucky Util jr cum pia
50
6%- preferred —:
1
^>_i00
La
Leatb.
Co
&
*
common
Cumulative preferred
•
-x—
1
21
35%
42%
16% Jan
55% Jan
20
200
2,350
100
32%
17% Feb
33% Mar
33
Jan
850
100
500
560
130
t
21
—
13
6
Jan
Jan
Mar
27
14%
—
26%
58
30
50
34%
29% 35
Co Com——;—*
(--•
•
McWilliams- Dredging
West Corp capital
Hfert Ind common
$1
prior
Modine
•
preferred
*
common.a.
Pressure
Standard
CooKer
25 %
1,000
American Car
Northwest
•
Bancorp
7%
preferred
Uu.iL
.1
Co
&
Wilson
30
6,700
17
15
16%
5
Mijj
comment—;
Parker-Pen1 Co
23V4
__
,176
•
(The*)"common new—25
-
—
Co
<
—1
*
—
common
—
72 /8 Jan
32 - . Apr
35
1
———
70
50
;?
SO
32
184
178
560
;
:
*
8,850
40
200
H%
_
m
108% Jan
22%Mar
41% Feb
60
102% Jan
80
•
108
Low
^ CorP
Corp common-
24
^
——*
'
•
--
200
150
431%
J* ™
*7i5o.
llioo
;39<>4 39%
; 39'A
liSS
.1.350,
44% 44%
;
vSunbeam
m■
;
Co
(The)
common
TT_,,
.
.
6
—
208 South La Salle Street "Corp
.
?•
;
54
"
..
5 clg
—
com-*
-
30% 34
53% 54%
;
23%
v38
Ma?
Vj?^?0?nor~— Inc
stores
Wieboldt
"-12 \
*
common
T'-■ .•
...
"For footnot-wr
me
,
page- 2046;
■
-"-"-■"f
linr'
47%
Feb
60
15%
30
12%
Jan
15 y4
Apr
Apr
18
18
75
15
20
Jan
7
225
5% Mar
114
78
111% Jan
115
106
106
106
110
Jan
17
Jan
6%
17
100
683
14
Jan
279
89
Mar
16%
22 %
124
•
7% Mar
Apr
17
104% 105
10
participating preferred
Mar
114"
114
:i-*
75
19%
80 y4
38%
Feb
Jan
Feb
12 y2
Jan
65
23%
12
Jan
24'A Jan
Apr
125
95
57
Jan
71
70
70
15
65%
Jan
70
56
———»
Feb
,
105% Mar
13% Jan,
10% Apr
34% Apr
737
125
56
60
55
Jan
67
70
100
—-*
67%
11%
Mar
Apr
56% Mar
*
Mar
50
100
49
Mar
51%
Jan
58%
58%
11
50
100
*—"
pfd
59%
480
44%
Jan
61%
Apr
6
8%
12
77
6
U
6
25
13%
Jan
Jan
9Y8
:
Feb
8
28%
Jan
34% Jan
40
12
Apr
14
Apr
214
9
Jan
11%
Jan
10%
51
9
Feb
11
Jan
68%
627
Feb
70%
Feb
250%
250
.
40%
10
78%
81%
49
11
250
8
41
61%
232
250
32% Mar
41
Jan
Feb
Apr
81%
102
62% Mar
81%
Apr
45
49
405
32%
Jan
49
Apr
53
53
10
50
Jan
12%
>-10
Bank
164
"
66%
67%
*
50
Printing—
32
12
10
100
*
preferred
Western
10%
*
Gamble
&
Preferred
<
...
10
Playing Card
S
30
12
*
Pumps
Rapid
U S
30
.—100
preferred
*
Procter
12%
15
12
53% Mar
13% Feb
220
.
Jan
Unlisted-
:
City
Ice
&
—
Fuel
•
33 %
33
75
12%
12%
36
12%
18%
57
238
18%
•
—
—
32 y«
34%
76%
76%
438
32 %
33
28
Service—
Cities
32%
—
Mill
—
American Rolling
-^
28%
•
—
—-—10
Motors
75%
•
60%
26%
Aircraft
Bearing-^—
«/—x—
26%
24
Jan
15%
36% Feb
Feb
20
•
"
41%
36
Apr
14
Jan
19% Feb
I
Mar
Feb
Apr
■■■■
.
Cleveland Slock
4»
-
34
83%
83%
85%
^
600
79% Jan
32% Mar
33
Jan
Exchange
Week'a
."Sale*,
Last
Range
for Week
Sale Price
of Prices
Shares
:
STOCKS—
Feb
Friday
Apr
Addressb-Multigraph (Un)
Aaron Brass
,
Allegheny
Mtg——
Corp
American Coach & Body
American Tel & Telx-—
,97% Feb
,-10
50c
1
—-x—5
38% Apr
Cleveland Graphite Bronze (Un)
1
v
8%
tow
120
a39%
8%
I
32
450
Mar
150
19
580
16% Mar
klfl.%0192%:
76
185 % Feb
010 I'aio-:'-
30
18
?
.99
98% 100
a70% a70%
: y,
High
Jan
8
a7
a6y2
1
Cleveland Cliffs Iron, preferred—«,—•
Range Stnee January 1
LOW' "high
a39
^.—100
—
39y» Jan
'
,
226
,25
5%
V8%/Jan:>
"
96
41% Jan
9
Jan
Feb
57% Jan
.
<
®Janm
65
24
■
1—s—
;
Ja»
26%iApr
52% Affif ^
23
Mar
,
90
58% Mar
30
>
34 Va Mar
s,
Feb
70
8
24
Jan
28%
-v9%; Jair-;
116
60%
27%
26% Mar
126
52 V8
60%
——
;
-
12
51%
Oil
Apr
34% Jan
24»/2 Apr
109
272
176
48% Feb
-
"
25% Feb
20 * Jan
38'A
Mar
60
325
Preferred
54% Jan
600
400 "
*
24
12%
44% Jan
,
"
38
Jan
36%
National
Feb
51% Jan
24'A
5a %
38/2
17%
15%
7
746
12
Art
46%, Jan
'
Feb
25% Jan
,,,,
■
Mar
..
24
33%
Meteor
Feb
700
.90
soo
6
33%
——
Lunkenheimer
Apr
- r
353A
Jan
23%
Drug
Leonard
Apr
108
81%. im
30%
34%
3%
47% Feb
37% Feb
,^18%. Feb
a
High
10
—*
Corp
Crosley
'
4%
40% Mar
1 S •' 1% Mar
5S
16% Apr
17%
21
& Mfg—
LOW y:;
583
56
5u
Basic Refractories
WesUnghouse Elee
Apr
45%
12
m^ •
23
1
ey# Apr
86 y4 Apr
18% Apr
RangeSlnce January 1
High
11%
General
30Vb
y W
17
Jan
9% Apr
4%
Pat
Trane
34
Apr
Apr
5%
42%
44%
12
1st
-tov|;wi-t, -J4&5U;;
1* .1%
16% 17
Feb
.
Sales
—*
United
w.
?
21% Apr
9
Shares
Cincinnati- Union Stock Yards—
Tttiken? Roller
16%
II
Apr
,
for Week
of Prices
104%
Pure
s^^ed8^"ferred----"--2?
Apr
Apr
17
74*
Exchange
-50
Kahn
V
37
400
Week's
-20
-
Kroger
Feb
52
11 A
118y4
- 24%
Feb
18 Vb
Range
8
Hobart class A
13 A Feb
8% Mar
900
43%
U
Apr
Apr
66% Jan
Standard Brands
5
Jan
25%
Feb
27%
400
Telephone
Gibson
Feb
Apr
Apr
27
P
T.
&
O.
Hatfield
24% Apr
10% Apr
700
20
N.
Columbia Gas
:
19
Jan
20%
2,000
18 Vo
—*
i
Eagle-Picher
Early & Daniel
Jan
4,450
—
Crosley Motors
■
.
JrtD
Apr 0.
16
.
20
Machinery—
i
Cincinnati
Dow
Mar
Jan
48
Mar
19% Mar
Products
C.
28% Jan
{
'
IHn h
i
62%
600
91/8
6V8
Sale Price
Cincinnati Street
;
94 /a Apr
36' -Feb
,
32
9
—-
Champion Paper & Fibre-—.*
Churngold
Cincinnati Advertising Prod
51
Ciiidinnati Ball Crank——5
Cincinnati Gas & Electric preferred-100
8/2 Apr
40
Jan
4l/4 Feb
11% i--S»9P0'
tSSSSl-
200
5%
5%
*
Baldwin
Jan
50
•
Laundry
American
29% Apr
W
r
23%
21%
31%
~9
—50
common-
common
STOCKS—
Apr
24% Mar
550
100
116
107
6% Jan
210
23%
—
300
21
—
——1
1
*
common
American
23% Feb
Apr
28
Jan
171A Jan
Jan
23% Jan
42 %
—
eapital————50
74
Last
Apr
Apr
10R
:
52
97%
67
26%
_
Friday
22
Mar
53 % Apr
45% Mar
.
300
.70
29
29%
183 % 183 J/4
175 Va 178
26 •
27
50
•
350
24%
116
penSrn Uttch" ciiis" A3:::::C::.IO
Quaker Oats
—
49%
TO A
10'Va
11%
Peat>ooy Coai Co crass B oom—^—.0
6% nreferred
100
RR
•
150
-
70
47%
22%
■
'.x263/4
2%
i
25 V4
47%
24
t
Pennsylvania
30
50
20% Jan
5,600
94%
33/a
;
68
—
—•
pfd—-—100
:
.TOO
48%.
17
72%
—
Cincinnati Stock
14% Apr
20
1,050
;47%
69%
comSnon
,
32
51
16% Jan
30% Feb
100
8Q0
*
^8%
-25y4
—*
20
Bush Shoe 'common'
Nunu
94
32
94
—
common
West Util prior lien
Nor
&Vi
36
.
15% Feb
22% Apr
1,300
Steel Spring—
U S Rubber Co
Apr
Apr
Apr
48Vz
1—10
Nobhtt-Sparks Ind Ihc capital--.
North
•
11
Jan
13
£ 1,910
28%
1,000
17
•
Surtray Oil Corp—
United Corp
9',.-?
15% 15%
550
14 A Jan
16% Jan
—
common—-2
commoh
28%
—
Springfi-lled common--—*
Nnuonai
National
40
,
2OV2
53%
17%
32
Feb
I
Apr
Apr
Apt
Apr
78
.
Apr
Feb
20 :
35
Apr
15%
Montgomery Ward & Co com
*
Muskegcn Mot Spec class "A
1——ff
NaChman
20
59%
400
24
—25
Mar
Mar
Apr
48'A
10
:
Mfg common——-—;
Monroe .Chemical'Co
<
—-1
20%
i
28%
vtci—9%
eom
2,900
.
100
26%
33%
j_—
Btudebaker Corp
66% Apr
111% Feb
11% Jan
11V4 Mar
35
Feb
3,600
2 ; -
2OV2
x51%.
—
*52
Field; common—
A.
320
1
28
21% Apr
58% Jan
64
y4 Apr
35
"
18% Apr
ISVst Mar
7Y« Jan
19
Jan
46
Jan
600
1,250
11
32
51
0
MicteibertyV Fdod Proa
Middle
loy4
25 %
49%_
10%
Apr
24%
common
Jan
Apr
10
38
14% Jan
.12% Jan
55V4 Jan
110 " Feb
.750
170
10
13%
Lipasay^ Light & Chemical com-—*
Millei
:
Jan
Apr
44%
42%
32%
18y4
28% Mar
2,750
14%
preferred
MarshaU
18%
...7
—1
Libby McNeil & Ltbby Common-.
Lincoln Prihting Co common
$3.50
10y4
32
——5
Ext Univ common
Salle
—
.
8% Apr
33% Feb
lOVC Jan
22
.14y2Xl4%
55y4 55%
110% llOYa
14%
55y4
.
Sm FWtt ;
12% Apr T
riaW'Vait
Jan
33%
N
of
.'-xl6%ivApt-.,>
44
35 y4
,
•
>
10
200
/
12% Feb
26% Mar
34% Apr
3,300
"f
Apr
Mar
1
Oil
..
21% Apr
I2y# Apr
19
35
1,700
35
*
Feb
21
•
Standard
29
Jan
24% Feb
23% Jan
72% Apr
22% Jan
38%
1,000
26
Socony Vacuum Oil Co Inc
y
Apr
64
Standard Brands
27
Apr
27
Apr
25% Jan
50
1,400
4,013
60
100
50
...
200
*
10
—
Radio-Keith-Orpheum
Republic Steel cofjp common
V
13% Jan
-33%
Incorporated
(The)
/
Jan :im
7%
22
-2%
Feb
Apr
;6l%( Feb
49% Feb
1,300
76%
Airways Corp—
*'■
.:Tl%:"Apr;^
400
-
34%
Radio Corp of America common.—,—•
79% Feb
14% Jan
40% Apr
•
Apr
%
_
,;;s;
17% Apr
7% Apr
2,050
ioy8
Car
Pure Oil Co
Apr
1,800
28
Motor
Apr
'Jan
18% Apr11% Apr
900
500
400
—•
Pepsi-Cola Co
Feb
a
12 y* Jan
.
..
4,200
'
'
8
-
—_B
Corp
York Central RR capital
Paramount Pictures toe.
16% Feb
T
15% Apr •
4
North American Co———«
600
1
Co—
Motors---
Pullman
Jan
Jan
17%
.
<Apr
94%
New
Feb
Feb
Feb
y
.
6%
18
32.
__
18%
Laclede Gas Light-—--i
j
19 ;i
IHt/iJan^^'
12%
_
.
400
20%
Martin
Jan
—
*
Standard
8%
316%
18y4
1
i
Mar
21V4
Fir
Katz
10
32%
—
&o
i
Graham-Paige
33% -Feb
•
Apr
24% Jan
700
.
.38
,—*
pfd—
1115% Apr,.
19
12%
9%
70%
11%
16% 16%
8l/4
8%
36%. _38
-
18
10%
27
9% Mar
50
27%
.18%
22
2.
72 V*
39
32%
—
15% Jan
100
700
11%
40
31%
Apr
600
__
29% Apr
Apr
28
19%
35y2
21
t—
1
—
21% Jart
150
8%
•—.40%
*
Pr & Lt common.——•
Steel
Indiana
.
8%
RR
Indep Pneum Tool' vtc ,hew
SSapapoHs
—
,
1
capital10
common—.-^-loo
Co
Central
__
*
common
Hubbeli ..Harvey Inc common^
Hupp Motors common (new)
Illinois
22
.
•
—10
Farnsworth Television & Radio—
f
29
50
' 350
.1,600
76
27%
18%
18%,
71
21%
31%.
^8%"
;
"
22
".27
'300
10%
1
General
J
74
Apr
28% Feb
.
450
27 23%, ,24%
—
25
BartlCtt common
26
26
26
26%
24%
;
—
Horders
-
T4%'> 15
1*0%
11%
39%
—
W)
Harnischfeger. Corp common—_10
Heiicihan Brewing-Co: G capital'-—1
Hein WCfder Motor Parts
a.——1.8
>
7—10%
75%
74
common—•——•
Great Lakes D & D common
_*
Spencer
48% Jan
130
2,100 '
29J/4
22
,5
—x--——x-100
General Motors Corp common.10
Gibson Refrigerator Co common
-1
Gillette Safety Razor common
—•
Hibo
/
--
,
?
x.
Gossard Co? (H
Feb
Apr
8% Feb
-
141/5,
14
Naeh-Keivinator
17
17
•' 9%
9%
15% -16
28
29
^...
—
con
—_;
Interlkke
16
31%
5,700
1,300
17
l
Cutties-Wright
>
' Apr
28% Mar
7%
.High.
2 400
,
•
Pan Amer
*
Brewing c6nimoh____--l1A
Preferred-
.
47%, Apr
22% Apr
i2
10%
10%
17%
Continental Motors
m
..
Four-meel Drive
(Peter)
Jan
14
Columbia Gas & Electric-
J
Low
171/0
„
—1
bhii
Certain-teed Products
-
Range Since January 1
:
Stocks—
Radiator A tit
Packard
Afciib oi America fflBgSSSL&S&P:'
Flow
Fox
—
Apr
High
I7y„
5
Fe Ry com
Bethlehem Bteel Corp common
-
100
27%
Jan
25
.
400 '
'.
'74 '
74
26%
29
capital
Atch Top & Santa
20
Jan
^.<39%;iiar»• 46 Va Apr- 9 -<Jah
12%:*Feb
J
•.
30
31
25%
•
31% Feb
45
100
,
Machine
Low
•
Rolling Mill—
Anaconda Copper Mining—
Jan
35%
-
5%, Jan
' 74
27%
American
35% Apr
9% Apr
18%: Feb
10
•
140
Shares
•
common—
common
Alleghany Corp
;
Jan
82
26% Feb
7% Jan'
peinftfttejlnfluatam*:>to
Eddy Paper CCrp (The)__——
*
Electric Household tRC; Obrp__---l---5 '
Unlisted
10% Jan
65% Mar
,
Jan
950
22%
46%
9
46%
....
_i
*
"400 :
"TSflh
14,900' -
47%
22%
__
:——_25
Cuitis Lighting Inc. common—
2%
Crane Co common—
Yates-American
16% Jan
120% Mar
400
-
•
21%-
<
47%
_x
79
200
35%
8%. "9%:
20% 21%
'35%v 35%'
9%
■ -
40
35
—
(The) €0 fee
__x
_5
commonwealth Edison. common
25
Consolidated. BisciUt common
x.1
Consumers Co vtc partic pfd——50
Common partic shs vtc class B
*
Coleman
Mar
Bankshares
Woodall Industries
American
133% 135%
;
Feb
198% Mar
8% Feb
59
Jan
•
Wisconsin
Jan
.
82 "
:
13
20,550
1,050
<65%'■"65%'|65%
13%
Jan
for Week
of Prices
Par
124%
Feb
184
60
*•
—,—
115
2,890
•
High
10'A Jan
50
.
Aluminum Xlten CO com—
Club
~
400
197%
16
9%
i
—
—x.-—x-x-*
;.•/
Chrysler Corp commpn-x-—5
Cities Service
196
Low
Sales
Rang*
Sale Price
STOCKS—
Week's
Last
Range Since January 1
High
12*/4 12%
119
120
& Light pref—*
Central States Power
'
Friday
Shares
119
,
—•
u—
low
.
2039"
for Week
of Prices
22%
——*
Preferred
Chicago
,
,
.-50c
preferred
lien
Par
.
'
Sales
fcmf#
Sale Price
Central S W Util commonPrior
Week's
Urt
„
■
-
y-:
STOCKIEXCHANGES
JRAJtfGE FOR WEEK ENDING APRIL
-
{'<
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OTHER
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M|l|®||
Feb
8% Jan
rt Apt
'19-
195
Feb
12
Jan
102% Jan
711 Apr
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
2040
Monday, April.ls,
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING APRIL 13
Week's
Range
for Week
of Prices
Shares
Friday
if Cliffs Corp
Low1'
30%
767
15
a51% a52%
a607/8 a61%
42%
110
Gas
Jan
Apr
71
\
Tivoli
Brewing
Udylite Co
Union Investment
34% Feb
52% Apr
58%
'
Feb
f
'
•
Shirt Distributors
United
1
50
United Specialties
al6% al7
(UN).
Railroad
Erie
Faultless Rubber
145
16%
31
210
23%
Jan
31
28% Jan
31
—
General Electric
(Un)
——
Co
Glidden
(UN)
common
«
48%
48%
-*
10
5
*
—
Motors
General T & R Co common-
Radiator pfd
U S
Class
B
36% Jan
45
37%
a43% a43%
59
5%
r.ntn
Low
5%
1.900
12
12
12
8%
8
8
10
10
10
24%
59
39
59
5
200
«•»
.
High
vMar
8
11% Mar
950'
8
9
% Mar
24%
100
22
Jan
59
306
58
39
100
39
Jan
13%
8%
10%
24%
Jan
160
Jan
Jan
Jan
Apr
14%
14%
63
Feb
Jail
39
Jan
225
13%
Jan
6%
6%
6%
4,485
4%
Jan
13%
12%
13%
4,535
9
Jan
—————
——
Feb
-
1
Warner Aircraft common
Wayne Screw Products
52
70% Feb
155
Range Since January 1
4
i
Feb
80% Jan
49
Jan
301
Shares
Lov>; High
*
Feb
45
255
a48% a48%
a73% a76
Bales
V for Week
Jan
Apr
Walker & Co class A
General
Range
of Prices
Par
High
26% Jan
56
—4
Natural
Mfg
Last
Sale Price
STOCKS—
Range Since January 1
High
30
-5
-—
Consolidated
Eaton
Low
' par
■
Week's
Friday
Sales
Last
Sale Price
STOCKS—
15
Apr
6% Jan
Apr
*
Apr
14
Feb
>
>r
F) commonGoodyear Tire & Rubber comGray Drug Stores
Lakes Towing
Preferred
Great
'
Bros
*
Jan
77
Apr
22%
Jan
27
Apr
35
<27
35.
100
54
30%
Feb
35% Mar
68
Feb
75
..
50
,—__
Rayon new com
Interlake Steamship
.
..
75
56
72
Mar
59
255
53
Jan
59
39
63
,31
,54«
25
54
245
44
197
"41
54
,
'v
(Un)——1
*
.
43%
44%
Jan;
Feb,.,
Apr Jan
_
COMPLETE INVESTMENT
Jan
78
59
38%
A--——.*
common.—
Preferred
Industrial
27
100
Grelf Bros Cooperage class
Balls
Apr
58%
220
5
a75% a75%
•
common
88%
10
27
a857/e a85%
*
(B
Goodrich
Apr
•
39
Apr./',
55 5 Mar $
60
Apr
45% Feb
«-
„
...
FAIRMAN & CO.
'
>
'
-
*
.,7'Vv.
iV
'ff
'
'
AND BROKERAGE
FACILITIES
'rt
'
Member Los Angeles Stocklxchange
Listed
Unlisted
~
Issdes
■
•%
27%
*
Jones
Jaeger Machine
& Laughlin
*
Kelley Island Lime & Trans
*
ifiH- 'V ''
Medusa Portland
-V*
'
•
Ohio
53%
Jan
15%
900
14%
Jan
17% Feb
49
343
40
Jan
50
Apr
18%
16% Jan
19
Feb
36%
1,093
60
27%
25%
25%
26%
50
a42% a43%
194
50
19%
26%
Jan
40%
Feb
Bantiml
29%
56
57%
828
51%
Feb
60
Jan
20%
20%
125
15
Feb
22
Feb
26%
a61 % a63%
795
20% Mar
26%
290
49
68%
Jan
a85% a86%
65
Mfg
—-*
Thompson Products Inc
U S Steel (Un)
25%
—
*
Petroleum Co
Barker
Bros.
Mar
79%
Jan
Van
Dorn
—
Refining & Chem
White Motor
28%
29%
500
28%
Apr
34%
14%
275
14
Jan
15%
Range Sin
High
Low
4%
646
a38% a38%
1
a71% a72%
45
4% Mar
35%
1—50
Feb
High
12% Apr
3%Mar
a60%
950
17% Jan
397
42
Jan
531/2 Mar
18
54
Jan
54%
75c
54%
70c
400
70c
Apr
5%
5
5%
1.900
8%
7
8%
13.342
5%
5%
5%
4.830
Central Investment Corp
Cessna Aircraft Co
155
Chica
Corp
Oil
59% 61%
a35% a35 %
—
6*% Jan
54%
a59% a61%
—
44
Jan
74%
Feb
100
1
Chryslfer Corp
5%
5
*
new
preferred
20
Consolidated Steel Corp
Preferred
WATLING, LERCHEN & CO.
i.
of
Inc
1
Cot
Aircraft
Dresser
Industries
•
(new)
50o
Electrical Products
New York Stock Exchangs
4% Mar
6
8%
Feb
Jan
Apr
6% Jan
5% Mar
48
Jan
62
31%
50
Apr
1.00 Feb
6%
1.568
Chicago Stock Exchange
—
Feb
31%
Apr
Derrick &
Exeter Oil Co, Ltd class A
Farmers
1
114
461
Jan
50
6%- Jan
125
—
120% Mar
17% Jan
Feb
«...
21
21
165
21
40
40
41 y2
775
45% Feb
Apr
Jan
24
Feb
32%
320
29%
550
22%
Feb
31
Apr
a95% a96%
a95%
32%
29
—
84
98%
Apr
98%
Apr
32% Mar
28i/4
28%
418
24
16
—
16
907
14% Mar
20%
13% Mar
15
14
15
324
95c
95c
1.05
6,000
Mar
85c
Mar
Natl
Bk
100
360
365
& Radio
1
15%
15%
16%
1.224
1
9%
9%
10
2.875
...2
16%
16%
75%
17%
1.260
75%
895
70% Mar
24
23%
24%
a30% a30y8
350
21%
A
23%
34% Jan
30% Jan
Television
class
Apr
250
Merchants
Stores
9% Feb
136%
18%
&
Fitzsimmons
Jan
18%
Parnsworth
DETROIT
176
—.
5
Corp
Equipment Co
155
a8%
a8%
al32% al32% al36%
4
Emsco
New York Curb Associate *
Detroit Stock Exchange
154
•
America,
Douglas
<
•
—
Creameries
Ford Building
100
4%
1
Diamond
Colorado Fuel & Iron
h
12%
4
mmm
5% Jan
61% Mar
Members
12%
—•»
2
Corp
1
Broadway Dept Stores Inc common..*
Byron Jackson Co0
Jan
4%
*
Corp. common
Corp 5Vt% pfd
Berkey & Gay Furniture Co
Feb
14%
4%
Youngstown Sheet & Tube common—
Low
1
Blue
97% Feb
14%
28%
*
*
2
1
Iron Works
Vlchek Tool
;
1
Barnhart-Morrow Consolidated—,
Bolsa
Warren
.—50c
Corp
Barker Bros
—10
Shares
Apr
57%
Ohio
for Week
Par
Aireon
339
(Un).
Seiberling Rubber
Standard
Oil
of
4121
Sales
Range
of Prices
Friday
Jan
al7%
Week's
Last
Sale Price
STOCKS—
19
Mar
15
TRrnity
Angeles Stock Exchange
Apr
Feb
a34% a34%
Corp
Bros
Los
47% Feb
Feb
—
v
Jan
27
Feb
23% Mar
41%
West 7th Street—LOS ANGELES 14
210
35% Jan
Mar
SCHWABACHER & CO., SAN FRANCISCO
7% Jan
19
Jan
36
a 17%
Richman
ALLEN & CO., NEW YORK
Feb
39
Jan
Apr
26
336
26
6
12%
230
26
-•
32%
20
^ 6%
6
.
Steel
1,258
al6% al6%
27%
Pennsylvania RR ' (Un)—
Republic
Direct Private Wires to
Feb
17%
~6%
"II—I*
Patterson Sargent
Radio
Mar
14% Mar
a47%
a36%
(Un)
Oil
40
691
17 %
Central RR (Un).—
y
160
15
49
18 ^
*
National Acme
n
Jan
32
14%
•
Cement
Metropolitan Paving Brick-
Nestle LeMur class A—
Mar
.
■
National Tile & Mfg——
26
14%
a46
14%
—-—10
Lamson & Sessions—
454
28%
t
359
25
Mar
14% Mar
32% Jan
1.25
385
Feb
Apr
Jan
Jan
19%
Jan
Jan
10
Apr
Jan
8
17% Apr
79% Feb
Telephone: Randolph 5530
Garrett
Corp
General
Motors
General
Paint
Corp
Gladding McBean
Hancock
Friday
Exchange
Week's
Last
STOCKS—
,
pf/r
Allen
1
Electric
Baldwin Rubber
$| Brown, McLaren
4
3%
18%
•
Consolidated Paper
10
''/s Deisel-Wemmer-Gilbert
J-:\ Detroit & Cleve Navigation
it % Detroit Edison common
** Detroit
Gray Iron
21%
10
38
—
10
8%
20
27%
5
fM Detroit-Michigan Stove
8
27%
5%
«,
1
<P Detroit Steel Corp common
Federal
6
i1,
■
Wood
Gemmer
i
5
Feb
4
500
3% Jan
19
523
16% Mar
406
21% Jan
23
38
100
57/3
Menasco
35% Mar
626
8%
28
7% Mar
1,335
70(f
25
38
Apr
9% Mar
Jan
23
5Va
Jan
7
Jan'
12
Feb
24%
880
23
Max-
27%
17%
17%
390
15
Mar
5
4%
42
—
15
—
«
'{/']>;, '
I
V'' 'h '
Hoover Ball & Bearing
5
900
4% Mar
42
254
4
34% Jan
15
135
75%
6%
1
12% Jan
36
Mar
22%
14%
210
13
Jan
16%
Feb
75%
6
1
7
6%
11%
..
1,219
9,455
6%
71% Mar,
5
12
860
.c <.
Jan
6
100
Mar
|' Hurd Lock & Mfg
*
r*ui King Seeley Corp
i Kingston Products common
8%
Drug
:; Kresge
;• ■?LaSalle
Wines
•
*
!
1
15% Jan
Corp
270
23
Feb
19
25 Vi
Jan
260
17% Mar
9
19%
2,518
Apr
8
Jan
10
Jan
Safeway
Security
100
20
Mar
Apr
8%
—
3
3
39%
6%
—
—2
25
;
8%
360
3%
2,000
3
Mar
40%
428
35
Jan
25
6%
960
4%
7% Feb
1,205
14,425
6%
9% Feb.
4
>
40%
Apr
8
3% Jan
2% Apr
Stores,
Solar
5
Aircraft
Mar
1.75 Apr
8% Jan
60c
10%
Apr
20c
Apr
37c
Jan
11%
Feb
15% Apr
55c
55c
500
1.35
1.80
17,965
44%
712
41
45c Mar
75c
Mar
Jan
Apr
2.70 Feb
Jan
1.35
44% Jan
44
44
100-
42% Feb
44
63%
S9%
63%
100
63
Feb
65
61
1,034
59
Feb
63%
Feb
14% 14%
a30% a30%
100
14%
Jan
14%
Apr
...
—
—
--
.
10%
;
10%
10%
Mar
Jan
10
>«.(
1.650
: 15,500
:
8% Jan
11%
Apr
Inc
75c
65c
75c
17%
15%
3%
8
8
17%
3%
8%
-2.235
3%
•
30
30
326
61
51
25% Feb
53 % Jan
30%
60
a36% a37%
85
31%
34% Mar
14c
Feb
•
__30
15
—
137%
25c
i
Corn
Jan-
210
Jan
1.35
_lo
Jan
Jan
Feb
2.425
*
42%
8
15%
44
Feb
Jan
1.50 Jan
37c
14%
mmm
Oil
1.085
15
l
Company
Sinclair
6%
400
10%
27.500
10
Signal Petroleum Co Calif
Apr
8,184
49c
10
Jan
1.05 Jan
26c
•
Co.
52%cMar
a
75c
Apr
14% Feb
17%
Apr
645
.
3% Mar
450
8
Feb
Jan
4% Jan
Feb
10
65
Apr
Feb
9c
9c
1,500
9c
Mar
24c
22c
25c
6.800
19c
Mar
20
19%
20
1.150'
17%
Feb
20%
Jan
21
Feb
26
Apr
—
.
Jan
8%
49c
200
20c
_1
Shell Union Oil Corp
Sierra Trading Corp
8%
25
17
4,500
7%
10%
25
Ryan Aeronautical Co
24
210
1.75
20c
Warrants
24
25
7%
25
common
19
8%
1
1
210
1.60
—«-
1
Rice Ranch Oil Co......
Oil
207/a
1
>
Richfield
30c
Feb
210
Republic Petroleum Co common——1
Feb
Feb
17%
1
.V;
■
.«
10
common
>
•
20c
470
Apr
—
1.55 Feb
2.500
35%
Corp
Jan
Mar
29c
471
1
1.90
33
19%
35%
common
...
1
(SS)
Jan
10% Jan
m
i; Kinsel
-
7 r- Feb
-
10
2%
80
27c
100
Pacific Public Service Co common
Pacific Western Oil Corp
Feb
8% Mar
1.05 Jan
35%
preferred
Indemnity Company
Pacific Lighting Corp common
-
270
2.650
35%
1
& Elec
10% Jan
9
1.15
1
Pacific
15% Feb
240
Gas
39% Feb
Feb
Co
1st
Apr
19
73%
1
Pacific
6% Feb
42
.
& Hoskins Mfg common
Jan
14%
1
—
2% Mar
Jan
39%
91% Jan
19%
1
Petroleum
27
Mar
1.35 Mar
1.15
1
Oil
4,484
1.10
Co
Occidental
Mar
83
12.950
Pictures
Oceanic
19
...
10
common
800
28
1.50
18% Jan
3
100
9
—~
Feb
400
1.45
Manufacturing Co
Petroleum
303
1.35
1.10
Corp
Nordon Corporation, Ltd
Northrop Aircraft, Inc
Feb
9
39%
88%
35%
8%
1
Monogram
Apr
1.45
Co
Merchants
Apr
320
Oil
Jan
76
Feb
10c
Angeles Investment Co
Mascot
31
61%
88
1
Co
Feb
27% Mar
89
1.35
10c
Petroleum
26
70
a31% a317/8
—-
1
Co—
Jan
a76
10c
Lockheed Aircraft Corp
Los
Jan
24 Ye
3
Mfg class B
Lincoln
19% Jan
21%
10
10%
a75%
*
Lane Wells Co
Jan
17%
1
Inc
% Gerlty Michigan Die Casting
'0 Goebel Brewing
•iff Graham-Paige common —
•
Feb
19
24%
1
v:
'I'Vy
7%
Jan
•
Finance
General
4% Jan
15%
n
3
v" General Motors
;
1,935
610
1
Petroleum Corp
Oil
a75%
*
common
Co
Motor Car Co
Intercoast
Jade
2
Motor Truck
Frankenmuth Brewing
Fruehauf Trailer common
Gar
;
).
6
1034
tWl Friars Ale
**
Range Since January 1
Low
High
High
18%
A
*
Hupp Motor Car Corp—
Shares
17%
—1
Burroughs Adding Machine
//'
6
1
—
class
*
...
com
Hunt Foods Inc common
for Week
of Prices
Loio
Oil
Development
Hudson
Sales
Range
Sale Price
*ar
•>'
Holly
*
—
Goodyear Tire & Rubber Co
Detroit Stock
10
common
Corp common
__i
—
a25% a25%
5
30c
Mar
T
Screw
Products
v
Masco
?
I
McClanahan Oil common
1
Packard Motor Car
Park
Parke,
Chemical Co
•
4% "
2%
"
*
common
Davis
Peninsular
1
common
Metal Products
10
1
V
6
4%
2%
10
6
•
Prudential Investment
—
10%
1,720
6%
4434
677
10
900
40%
'
1
6%
6%
6%
1
4%
43/a
850
4%
7%
4%
300
7%
480
Mar
Bouthern Calif Edison Co Ltd
6% preferred class B
Jan
3% Jan
r4
5% Jan
36
1,420
4%
■
:
2%
Jan
5%%
Bouthern
12% Feb
7% Jan
44% Apr
5% Jan
7
4%
Textron
Rickel
(H W)
River Raisin
,
Co——.
Paper
8cotten-DiIlon
Sheller Mi* n6w
Standard
2
•
10
—
7%
—.
^
11%
1134
common—v—-^14%,'
Tube class B com——
'
7% £.7%
790 1
1.719
241-
4% Mar
rti
6% Jan
11% Apr i.
10
6%
Mar
Jan
'
6% Feb
8%
13%
Feb
Jan
14% Apr
9% Jan
Co
Inc
Company
i
•
Transcon
Union
■
Oil
Universal
'
-k
Van
&
de
Western
39% Jan
30% Mar
307
29% Mar
32% Feb
31% Jan
60
60
625
55 % Mar
65% Feb
52%
53%
2.072
42%
Feb
53% Apr
8%
8%
9%
630
7%
Feb
9% Jan
50c
21
21
21%
430
18% Mar
19% 21%
a52% a53%
7.838
16% Feb
22% Jan
21% Apr
Corporation
2
Air Inc
California
Consolidated
Lines
33 % Feht
1.129
53%
•
Oil
5
21
a52%
25
Co
10
26%
27
Kamp's H D Bakers' Ino—„
Air
1.488
31%
30%
,36%-
j
Western
of
37
31
30%
•
of Calif
common
Transamerica
1
'
Oil
37
31%
25
Sunray Oil Corp
Jan
Jan
Pacific
Standard
Jan
4
25
25
preferred class C
Inc
12
26%
700
21
'200
16
a28% a28%
100
27-1
27
27% Apr
17% Feb
33% Jan
'
l
a28%
Jan
Feb
Feb
23%
275
16%
26%
# 16%
'
Jan
33% Jan
:; km. y*. *yi'K.- Iff
!' ■■Vf jv '•"
Xf SjA't-j. V;
1631 Number
yolume
>.;•:' »\•■■ ■: v? ?.„<?••
v^v:-'.f \\''!
2041
JHE COMMERCIAL & FINANCIAL CHRONICLE
4481
OTHER STOCK EXCHANGES
RANGE FOR
^ f v
tria*j
rveok.
A
Last
^
Range
of Prices
Last
Shares
Par
.
Low
STOCKS—
Range Since January 1
Mining
ioc
106
10c
1
1
25c
25o
12c
2.000
12c
Jan
18c
Feb
i6c
__
16c
1.000
15c
Feb
21c
Mar
10c
Apr
20c
Jan
a 14
al4
200
2.50
2.50
2.50
800
7c
12c
7c
14c
1.000
6c
Feb
8c
Jan
6.350
12c
Apr
24c
__
Apr
25
^-25
Co—
a53%
Co
common
Oil
Dome
Corp.—
__
*
10
Corp—-—•
Commercial Solvents Corpj-*
Commonwealth Edison Company
25
Caterpillar Tractor Co.—:
Service Co——.
Columbia Gas & Electric
23%
a35%
4%
_*
Commonwealth & Southern Corp
109
15% Feb
39'/a Mar
Feb
9%
Jan
109
Jan
34 Va
Feb
51
30% Mar
38% Jan
70
22% >Jan
29 y4 Mar
45
112%
Feb
98
1
1
Vultee Aircraft Corp.—
Continental Motors Corp—
Continental Oil Co (Del)
Zellerbach Corp—
Crown
Curtiss-Wright Corp
Class A ;
Electric Bond & Share Co
Electric Power & Light Corp
40
Feb
Paper common
Rights
Sun
•
General Electric Co
1
Class
participating
A
Tonopah
Transit
Mining
Corp
Invest
•
common
__
•
Libby, McNeill & Llbby
1
$3
*
Montgomery Ward & Co, Inc
Mountain City Copper Co
Westmoreland
Coal
New
Central
York
52% Jan
54
1.975
18 y2 Mar
22%
North
American
Oil
Ohio
Packard
Inc
Co
Co—
Car
Motor
Pictures, Inc
Pennsylvania Railroad Co
100
149'
26%
34
Phelps Dodge Corp
25
13%
Jan
23%
Apr
31%
Feb
35 Va
2%
Jan
4Va
119
3.914
•
Corp of America
Republic Steel Corp.
•
Radio
of
Co
144
27%
Feb
32%
Jan
865
17% Mar
23%
Socohy-Vacuum Oil Co
Southern Ry Co
Standard Brands, Inc
—*—
\
Standard Oil Co
(Ind)
Standard Oil Co
(N J)
30%
377
Nat
Arkansas
&
Stone
Webster,
Studebaker
Swift
*
1
25
Inc
Corp
& Co
Texas
25
Co
•
Gulf Sulphur Co
Texas
Union Carbide & Carbon
Feb
Blaw-Knox
Feb
Pacific Railroad
Union
United
United
Lines, Inc
Aircraft Corp..
United
Corporation
U
S
Rubber
U
S
Steel
Warner
Western
(Del.)
50 y4
Feb
50 y4
Feb
Fort
Pitt
325
11 Va
Jan
15%
Jan
Lone
Star Gas
320
59%
Apr
59% Mar
250
13j/2
Jan
20 Va
Jan
Ohio
95
36 % Mar
41%
Feb
Penn
a26
10
23% Mar
31%
10
*
Company
Pictures
Bros
Union
Co
Tel
5
*
Inc
A
12%
1
Westinghouse Elec & Mfg Co
Willys-Overland Motors, Inc—
Woolworth Company (F W)
240
50%
Jan
760
31%
40y2
400
50
50
a34 V*
__
Corp
Fireproofing
Oil & Gas
14%
Feb
33%
Jan
40 y2
Apr
47
Jan
50
Jan
Renner
80
76%
Jan
3%
Apr
3%
Apr
Jan
28
600
26
Mar
175
13% Mar
16 V»
Jan
31% Mar
35 V*
Apr
19%
26%
Apr
65
540
Feb
12%
Feb
40
60 Va
Jan
78
42%
415
42%
Apr
47
175
37%
Feb
42%
Feb
26%
Feb
Jan
18%
39%
49 V2
17 y2
35
1.616
15%
1.718
31
46%
49 y2
2,275
17
1,177
16y2
17
a54% a54%
a51% a52 Va
a43% a44%
a54%
__
15% Mar
120
47% Jan
47%
190
38
Feb
44
346
65%
18%
Feb
Feb
73%
125
-
Oil
&
120
23
845
30 V4
Feb
33%
Gas
38 y2
Jan
39%
62%
62%
Mar
53
80
Delaware
Power
Electric Storage
General Motors
Gimbel
&
23
19%
Feb
100%
Feb
119%
I6OV4 Apr
160 y4
Feb
51 y4
285
48%
„
—
a61J/a
205
42%
473
29%
Feb
1%
3%
9%
19%
16%
9%
2%
3%
Jan
Jan
Apr
Jan
Jan
Apr
5%
720
4% Jan
96%
Feb
620
31%
Jan
48%
37 V2
460
37% Mar
51%
Apr
Feb
420
33% Mar
39 Va
Jan
American
550
20%
26 V2
Jan
Bank
'
16
7%
1%
3%
__
„
—
5%
5%
1
3
65
70
70
'
Mar
Feb
370
70
878
1%
100
35c
—
—
w
13Vi
—
12%
—
14
43»/2
44%
36Va 36%
34V4 35%
36'/a
35V4
104
550
650
520
130
953
Jan
10% Apr
2% Feb
60c
Jan
29 Va
30c Mar
22% Feb
18% Jan
5% Jan
5% Jan
Apr
32% Mar
32% Mar
57
24%
Feb
13%
Apr
34
Apr
46 '
Jan
40
Jan
39%
Mar
40
Feb
Jan
14 Va
1% Mar
27,583
•
,
48%
40Va Feb
9
Feb
7'/2 Jan
30c
35c
29Vs 29.Va
21
21%
12V4 13V2
—
Feb
6%
80
Jan
67
44%
11%
10 V2
43 V2
11V2
10
1%
44V4
liy2
10 V2
53
200
of Prices
Low
Feb
Feb
57% Mar
Jan
4th
North
1871
St., St. Louis 2, Missouri
Phone
CEntral 7600
Bell Teletype SL
512
854
27%
Jan
185 Va
34Va
Feb
,
Apr
1955/a Jan
v;>'V-
•••
•
'..
38% Feb
104% Apr
v 26% Jan
28 V4 Feb
,430
-30% Mar
-
446
83% Jan
:
21%
23%
1,034
-20%
Feb
24 Va
85
21%
Feb
132% 136%
301
117 Va
Feb
22%
1,209
-25%
26%
1,590
26%
Apr
53%
54Va
162
55%
Jan
73%
76%'
1,321
80%
Jan
59%
59%
2
61%
Jan
19%
19;% Mar
14% Mar
10%
10 Va
8%
7%
12
,
Jan
9% Mar
11*
7%
8%
Apr
•
140%
Jan
26 y8 Jan
17%
Jan
17
Jan
12%
Jan
■; :9%
jari
SOS
Feb.
27%
41%
Feb
47% Feb
—
page 2046.
••
■
...
Sales
Range
for Week
of Prices
Shares
Friday
Par
A
Aloe
S
Co
20
1
3
common
Investment common
Building Equipment com
—
common
Bottling common
Brewing common
9
50%
10
1
1
Mfg
13%
9
1
Burkhart
5
92
13
9
50%
High
Low
85
11
Jan
50
48
Jan
Apr
13%
Mar
8
92
Feb
450
180
92
13%
1
Range Since January
Hiah
Low
Jan
i
9 V2 Mar
;
!:
Apr
50%
p...
.
}'
v
Jan
10 V2
Jan
33%
35
320
33
Jan
40
Jan
;
33
33%
150
32%
35%
Feb
I
24
Feb
\
9%
33
.
9%
130
8%
50
17
Jan
Apr
42 %
42%
5
35
Jan
22%
100
17
5
—
:
17
46% Mar
Feb
26
21% Mar
v
~
l
22%
22
55
53%
55
135
50
Mar
68
Feb
I
28
25%
28
626
22%, Mar
28
Apr
|
22%
406
22 V4
32
Jan
,
24
24
5%
6
156
5%
8
Jan
6
125
I
...vf-:'■■ryiy-y-''.
Preferred
100
———
*
1
International Shoe commonJohansen Shoe common—
Key
Co
—
*
*
common
Knapp Monarch common-
Laclede-Christy Clay Prod com
Laclede
Mo
20
25
Steel common
Portland Cement com
Rjce-Stix Dry Goods 2nd pfd
St
Louis Car
common
St
Louis Pub
Serv cl A com
Steel
16
1
5
*
*
Stix, Baer & Fuller
Wagner Electric
"'■•V:-
r
"
-v
46
48
47%
47%
47%
13
11
78
43%
13%
•
•
i
•
*■'.
Jan
50
Jan
Jan
5
Jan
9
Jan
656
10
Mar
15
Jan
24
Apr
23
18
52%
Mar
5
7
7
46
24
134
20
Feb
18
18%
867
15
Mar
18% Feb
Mar
27%
50
24
Jan
28
26
50
24%
29
150
150
7
Jan
Apr
46
40
20%
85
85
19%
27
26
*
146
17
19%
32
30%
50
IS
MS
45%
IS
St
32%
30
4214 Mar
32%
Mar
Apr
IM
/
inc—1964
,
Feb
49
,
.
_,
St Louis Pub Serv 25-yr conv
,.
19Va Apr
Jan
Jan
,32?
Feb
Apr
150
Jan
32
'
44%
common-
Investment
Aluminum
Securities
Sterling
100
46
Apr
Apr
49%
Scruggs-V-B Inc common—
Scullin
—5
Jan
22Va
—.60
Week's
Sale Price
STOCKS—
High
Low
22%
■■■
..:
5
—4
Hydraulic Pressed Brick common—100
33%
95
76
*'
'-JX:.
Huttig S & D common
Hyde Park Brewing common
104%
31%
53%
"T.T-
.
1
Griesedieck-Western Brew common—*
Range Since January 1
High
32%
34 Va
190% 192%
22%
'
Last
Sales
..
Mar
St. Louis Stock Exchange
80% Feb
for Week
Shares
l:
—
'
Chicago Stock Exch.
Chicago Board of Trade
New York Curb Exchange Associate
Jan
National Powe* & Dighv—*
Pennroad Corp
——J
Penna Power & Light——
10V2
22%
9%
2%
4o
Louis Stock Exchange
Jan
-*
50
For. footnotes see
25
11 - Jan
31 ; Feb
15% Feb
3y2 Apr
26
Apr
34
10
15%
Pennsylvania RR—
Jan
Jan
Jan
24% Mar
7% Mar
15% Jan
10% Jan
6% Jan
\
Members
7Va
Apr
4% Jan.
735
Range
#
Lehigh Valley RR—
669
421
134
York Stock Exchange
New
36%
Week's
i
Dehigh Coal & Navigation——.
10V2
27%
12 y4
3%
Established
35% 35%
25 25%
a58% a6iya
__
133%
—10
—;
High
48y8 Feb
25 Va Mar
•
Apr
Jan
__
34 Vs
Battery
Brothers
198
Apr
220
37 y4
a76Va
a84%
191%
<•
45%
Apr
100
277
46%
__
„
•V'S
300
Apr
a84% a86%
__
13%
Light
Low
37% Jan
High
44%
Edward D. Jones &
50% Mar
50% Mar
119% 119%
I60y4 160y4
42% 43'/a
29% 30%
5%
,6
a76y8 a76Va
__
'
St.
209
62%
•
Range Since January 1
St. Louis Listed and Unlisted Securities
Feb
73%
a54Va a55y2
23
23
5
for Week
Shares
Range
of Prices
400
50
6,635
3,047
100
100
common
Jan
98
__
21%
common
^
Sales
Week's
,
533
Springs
Steel
Jaii
31%
31%
«
—
Feb
47 y2 Mar
40 V8 Mar
8
18%
16%
8V2
Mar
a39% a39%
__
31%
Curtis Pub Co
35
8
18%
13%
Mining.:
Standard
17% Jan
,
a22% a227/a
„
a39%
104%
Chrysler Corp
42
8
1
1
1
United States Glass common——1
Common vtc
1
1
Vanadium Alloys Steel
•
Westinghouse Air Brake—
-•
Westinghouse Electric Corp com
12%
San Toy
Apr
J&n
73%
__
...»
25 y4
27 Va
1
Apr
17 %
34
Sale Price
Mfg Co common
Co—ii
Jan
25%
Co
Jan
Feb
885
.
(E G)
22%
Apr
Par
Wheel
106
50
26l/2
Last
Budd
24
Feb
20%
42
26 V4
Friday
Budd
Feb
30% 'Apr
Apr
Feb
Mar
10
795
10 V4
a63% a63%
—50
58%
Jan
26%
10
•
Pittsburgh Steel Foundry common—*
Shamrock
35 Va
41
—13
Jan
23 Va
Feb
175
42%
preferred
47%
5,763
__
Pittsburgh Plate Glass new
Pittsburgh Screw Ac Bolt Corp
100
10
Baldwin Locomotive Works v t c_
332
36%
*
Jan
Philadelphia Stock Exchange
Bankers Securities Corp
54%
29 y8
__
Preferred
Falstaff Brewing common
American Tel & Tel
Jan
53 y8
:
__
•
Feb
a76y8 a76y8
.100
4% Feb
7Va
26
common
55%
Columbia
—
Jan
Jan
27%
12 V4
*
Dr Pepper common
Stores
3%
4
1
—10
Federal Corp common
Coca-Cola
American
1,375
1,401
Low
10
10
•
5
Mountain Fuel Supply
Pittsburgh Brewing
3%
27 %
,
Brewing
National
al3V4al3%
a34 J/4 a35 V\
25% 26%
•
4%
6Va
44%
•
Duquesne Brewing
a94% a95%
3%
Oil
Century Electric Co.
STOCKS—
4
5%
42
Clinton Industries common—
10
4% Feb
Feb
43»/a
Corp.
Jan
23%
•
Co
145
„
-10
;—5
*
—
4% Feb
1
Feb
119%
Co
Air
Y
Apr
3% Mar
473
10V2
27%
12%
3V2
26
Columbia Gas & Electric common
51%
27%
•
100
Corp
60
150
2%
1
Apr
12 Va
33%
46 y4 Mar
__
10
Tide Water Assoc Oil.
Jan
10
3%
5
pfd
Co
Gas
40
Jan
7% Mar
1.267
__
25
52
4%
■
100
Continental Commercial Corp com
__
25
*
60
Apr
3%
Par
Steel
Ludlum
Allegheny
Devonian
__
15
01
*
—4.
Feb
Jan
45
Apr
__
——.—*
Del
Apr
64%
Last
■"
Oil
Seaboard
%
438
i
%
2%
Friday
Apr
__
•
38,893
75 Va
Sale Price
25
40y2
__
%
73%
I
59% Mar
Jan
Pittsburgh Stock Exchange
23%
__
*
Co
Oil
Pure
7% Mar
52%
Feb
9% Mar
33%
27% Mar
36
60
Apr
Feb
20
Feb
10 %
200
Feb
__
Inc
Pullman
Jan
Apr
Jan
Mar
383
Feb
a26
a76%
Apr
73% Mar
21
10
1
50
Jan
Jan
45
73% Mar
19%
—
•
Co
Paramount
898
118%
Feb
47
Feb
170
141
a93%
•
1
10
•
RR
Aviation
American
North
125
57%
56
20
;
Apr
__
*
5c
9Va
•
22 y8
__
<-—18
Inc
27%
8%
5%
54%
29 Va
preferred
780
14%
& Robbins
27%
United -Gas Improvement--—u——.13%
Westmoreland Inc
10
1.150
__
McKesson
46%,. Jan
•
United Corp common
7%
__
Kennecott Copper Corp
Loew's Inc common
32%
36%
25
Preferred
a53% a53%
__
Corp
Iron
28Vn, Feb
545
*
1
25
a56% a57'/4
13% 14%
„
•
International Nickel Co of Canada—•
International Tel & Tel Corp
•
Interlake
348
38%
Tacony-Palmyra Bridge—
16% 16%
a39y8 a39%
__
¥
28%
36%
73%
•
48% 48%
a52% a53%
liy2 11%
a58a59y4
__
-*
General Foods Corp
Graham-Paige Motors Corp
Great Northern Ry Co pfd
Feb
121
473
28'/2
%
Oil
22%
23
a25 a26y8
a25'/2 a25y2
—
I
Jan
120
a56
7%
7%
22%
|
40
27% 29%
18 Va
19
a45y4a45%
38%
40
__
18'/a
a453/a
-5
5
1
1
5
——*
4
Feb
Jan
118% 120 Va
-
215
Apr
31
28% Mar
9'/a
STOCKS—
Cons
2,029
30%
Mar
Feb
14%
Jan
279
a75% a75%
a34% a35y2
al2'/4 al2%
23% 23%
a35y2
a36
4 Va
4%
__
a35
Cities
29%
High
47
40 Va Mar
20
27%
Feb
Jan
940
19'A 20%
a45% a457/8
20y2
Apr
12% Jan
200
__
Canadian Pacific Railway Co
iiy2
20
__
__
68 Vj
80
855
13
#33% 33%
Barnsdall Oil Co—~
4
*—5^a29%
a29% a29%
Bendix Aviation Corp—:—
5
a52V4 a53Va
Bethlehem Steel Corp——
.*
I07ya al06y8 al07%
Borden Company ■—
»;—
15
&54
a53%
54
5
Feb
194%
Feb
1.277
„
——
186 V*
520
__
Borg-Warner Corp
23
66 y4 Mar
240
__
Baldwin Locomotive Works vtc
29%
56%
11,247
28%
•
30 Va
37 Va
50
1
47
29%
118%
25
3
Low
385
45
47
29%
29%
Range Since January 1
High
'
Reading
Jan
17%
1.775
__
I
50
•
•
100
Scott
Rad & Stan San Corp
•
21 22 Va
American Smelting & Refining Co—•
a72%
a693/4 a72%
American Tel & Tel Co
100 al91% al91'/a al92V8
American Viscose Corp
14
a74%
a74% a75>/a
Anaconda Copper Mining Co
50
46% 47%
Armour & Co (ID)
-5
14%
15Va
AT ft SPBy Co
—100
a 104% al04%
Atlantic Refining Co_
25
43 Va
a43% a43%
Aviation Corporation —,
3
12%
12 12y8
J
2.80
2.05 Mar
Salt
Amer
Case
Salt Manufacturing
Philadelphia Electric Co common
$1 preference common
4.4% preferred
Phila Elec Power 8% pfd
Philco Corp
Shares
Jan
__
Stocks—
Unlisted
Low
Par
High
Low
High
8aie»
for Week
Range
of Price*
Sale Price
Penna
Stocks—
Black Mammoth Cons Mng Co
Calumet Gold Mines Co
Cardinal Gold Mng Co—
Cons Chollar G & S Mining
Imperial Development Co
Zenda Gold Mining Co
Week'*
Friday S:
for Week
Sale Price
8TOCK8—
"
WEEK ENDING APRIL 12
baica
b
f
f*
THE
2042
CANADIAN LISTED
'
WEEK ENDING
RANGE FOR
'
Monday, April 15, 1945
FINANCIAL CHRONICLE
COMMERCIAL. &
MARKETS
APRIL 13
Week's
Sales
LMi
Range
tor Week
Sale Price
of Prices
Shares
friuaj,
STOCKS—
Toronto Stock Exchange
Low
Par
Range Since January 1
Low
High
High
•
Canadian Fonda
Week's
Sales
Last
Range
of Prices
for Week
Sale Price
Abitlbi Power & Paper
8%
New
—20
Sugar
Acadla-Atlantlc
Preferred
Z20
—
preferred
$2.50
New
common—.
,
605
109
50
2.00
12,520
38c
33,240
25c
Feb
1.20
14,900
95c
Mar
Mining
Mines
78c
83c
63,000
61c
Mar
85c
19c
21c
9,600
18c
Mar
93/4
10
1,100
100%
101
165
27b
83A Mar
761
43C
12,900
85,000
Mar
15
Jan
Davies
87c
Feb
42c
41c
47c
53,110
v32c
Jan
50c
Apr
Mar
55c
Jan
11,200
35c
1,082,900
57c
1.22
1.19
1.35
6.10
6.15
3,360
37%
26c
26,150
22%
23
125
7
7
Mar
15c
25c
Feb
Jan
58c
27c
14,625
16,733
.10
Mar
24c
Jan
27
25
—.—
8
21%
Yellowknife
1
23% Apr
7% Jan
1.64 Jan
Mar
190
39
Jan
305
31
Jan
2.00
2.18
522,023
45c
Jan
198
200
543
187
150
12
39
36%
76c
39
70C
90c
2,695
725
80c
7,900
30
bbc
Mar
Jan
200
Mar
1
Blltmore
Blue
*
preferred—.
18
50
32c
36c
17
18%
59%
32c
1
—
Hats
Ribbon
59%
15%
1.45 Jan
Apr
A>r
39
Feb
Mar
Jan
92c
•
•
•
•
•
-V
23c
23c
...........
1
36c
36c 43 %c
Bonville Gold Mines.............
.1
19c
19c
Bonetal
Gold
—
„
Mines
Boy con Pershing Gold Mines
22c
•
25c
21c
24c
14
18%
Feb
69
56
Mar
31c
30c
Mar
4,700
15c
Mar
20c
4,300
Apr
Feb
Feb
Jan
Feb
60
Jan
2ic
19,500
29,400
Jaft
50c
30c
30%:C Jan
Mar
Magnesium
—
32
155
60
8,200
50c
Mar
70c
Feb
Mar
86c
Feb
'
58
67c
1.40
1.50
27,500
6,300
97c
95c
1.00
19,200
86c
2
2%
350
72c
Jan
1.65 Jan
500
14 %c
715
29 y2
Apr
Jan
280
14%C14%C
31% J31%
15% 153/4
14
Jan
& Chemical
East
Jan
5
116% Apr
126
Feb
.
5c
1.45 Mar
1.16 Apt
Crest
"92C
1.10
95,785
Jan
27 3%
927
267b Mar
32% Feb
28%
480
14%
15%
15 y4
560
24% Jan
133/4 Jan
28>/2 Apr
15% Jan
15%
10
15 %
Apr
34%
343%
1,145
39
Jan
12% 13%
1053/a 1053/a
5
57b
775
Mar
31 y4 Jan
7% Jan
34%
13
49%
49%
18
27
24%
27
.
""350
32,000
12,800
87,200
15%
16
1.20
1.30
1.38
49c
43c
Jan
50c
48C
7%c
6.600
9.009
50c
9c
9%c
2.40
2.60
12,300
3.80'
3.70
4.00
133/4
123/4
14
24,100
7,945
14%
70
2.45
-1
—
46
Gold
46
1.09
i;oo
1.17
1.04
English Electric class B
1.02
1.10
76,300
37,350
10
10 y4
183
Class
British
25% Mar
855
...—_—4%
B
Dominion
Broulan Porcupine Mines,
43/4
41c
50c
60c
60c
61c
52%
Jan
31%
Apr
Feb
Falconbridge Nickel
—
Famous Players new common.
Fanny Farmer Candy Shops—
5
Jan
Federal Grain
35c
Mar
55c
Jan
Preferred
55c
Mar
72c
Jan
3% Mar
1,511
44c
1
Ltd
4%
•
Oil
Jan
Jan
28
2,555
1,095
31%
28%
38
27
523/4
94,950
6,250
common
——...
•
•
.1
*
100
1
1.54
l
Buffalo Ankerite Gold Mines
1.40
1.64
19 7b
18%
19 y»
59%
59
63
9
22,750
3,650
32,100
27,068
1.64 Apr
1.20 Jan
Fleury-Bissell • common
11
Feb
28c
Mar
45c
Jan
Foundation Co
300
Mar
97c
Feb
Francoeur
6.10 Jan
•
7.15
7.15
7.40
•
37c
33c
37c
Buffalo
1
34c
34c
40c
32
32 7b
Jan
8c
1,255
5,000
23 V2
7c
4c
Jan
143/4
15
1,140
13
26 '/a
26%
85
14%
16%
2,242
9%
133
87b
117
1157b
1,410
6,337
3.601
7.010
270
18c
18c
23c
126,600
6
6
6
100
*
«.*
1.75
1.75
2.00
200
30%
'
Buffalo Canadian Gold Mines
Red Lake Mines
5.50
*
Federal Kirkland Mining..,..
Fleet Aircraft
Gold Mines
Buffadison
5.25
5.25
*
50
Feb
Apr
Jan
27
Apr
Feb
36% Feb
23
26
Apr
25 XU
Apr
25%
Apr
13
Jan
1.05
Mar
17% Jan
1.85 Jan
23 Vi Mar
1.15 Mar
1.60 Jan
29c
Apr
57 %c Apr
38c
Jafi
62c
Feb
7%c Apr
15c
Jan
2.40 Apr3.50 Jan
10 3/4 Mar
3.35
Jan
14
Mar
% Mar
90c
Mar
1.00 Jan
Mar
7
5.10 Mar
12
48 3/4
...
Mar
Jan
53/4 Jan
Jan
90
14c
Mar
Jan
5%
1.50 Mar
30%
30 y8
1,227
'31%
31%
32 y2
270
55c
60c
12,400
•
Bunker Hill
•
Burlington Steel
Burns
—•
A
class
Co
__
•
..
Feb
Jan
15
4.80
5.00
1,400
19
18%
19%
720
109%
110
95
14 j
105
22% Feb
26
55
108
Jan
41
9
Mar
Jan
16%
Apr
•
15
Calder Bousquet Gold
Caldwell Linen common
•
2.40
Caiman Plin Flon
>
*
Calgary & Edmonton
l
41c
Calmont Oils
1
35c
38c
1
__
Mar
11
39c
14
14%
103
113/4 Jan
2.25
2.55
16,350
2.10 Mar
37c
44c
58,275
35c
36c
5,224
28c
78,700
Feb
44c
Mar
34 %c
14% Apr
2.95 Jan
31c
Mar
44c
Mar
31o
Mar
56c
common.
19
Giant Yellowknife Gold Mines.
Gillies Lake-Porcupine Gold
1
.1
7.50
19 %C
1
10c
9c
•
61c
61c
Canada Bread
1
•
common
Canada Cement common
3.05
_
_
2.90
8%
3.20
30,400
.1
35c
33C
8%
150
*
19%
19%
20
702
100
148
145
148
135
...
Preferred
Products
Mfg
class
A
Products
Mfg
class
B
General Steel Wares
2.40
3.30 Feb
Jan
Jan
9%
6% Jan
143/4
131
Jan
20
Jan
148
Apr
Mar
Gold
Glenora
—
God's Lake Mines Ltd
Goldale Mine
.J
Goldcrest
1
Gold Eagle
Canada Foundry class A
*•-
-Canada;' Northern Power
Canada
Packers
•
v.-—
*
class A
Class, B
—
Canada' Permanent Mortgage
Canada
*.
Steamship
Preferred
•
100
Canners
Canadian
—
Jan
30
Jan
Golden
52 y* Mar
62
Jan
12
300
9% Mar
14%
42
5
21
21
275
199%
200
500
20
20%
309
53
200
52
•
25%
Jan
23
Jan
47 %
53
94
Mar
5
84
Jan
23
Mar
1,365
25
26
23%
253/4
.
28^
Jan
183/4 Jan
233/4 Mar
Mar
28% Feb
22%
Jan
253/4
375
25
Jan
26% Jan
935
22
Jan
253/4
Apr
Apr
19
18%
19
480
16% Mar
20% Jan
——
•
22%
22%
22%
1,835
177/a Mar
23
•
67
65%
67
133
59%
Jan
68
Feb
43
43
80
40%
Jan
common
...
100
Dredge
*
Gate
Class
A
Canadian
Canadian
•
—«—*
General
Electric
Industrial
p: Class B
p Canadian Locomotive
Alcohol
28%
30
520
17%
16
17%
5,395
21%
203/4
22 %
2,409
24%! Jan
12
Jan
19'A Jan
275
Apr
17% Feb
275
275
20
A..*
18%
18
18%
1,770
*
15
15
15
10
15
Mar
39 V2
38%
40%
1,385
33
Feb
50
com
Mar
14
Apr
Apr
7.80
3,974
7.00
Mar
I8c
22c
24,650
59,700
18c
Jan
8%c Apr
22c
10,930
5,500
57c
Jail
Feb
88c
Jan
28c
39c
Mar
87c
Feb
Feb
67c
12c
.
67c
35c
71c
15C 17% C
1.05
1.08
Feb
Feb
Feb
58c
90c
Mar
79c
Jan
Mar
40y2c
Jan
Jan
9c
Jan
57c
23,850
34c
32c
36c
2.40
68,824
4,150
24c
2.30
21c
24c
3,150
19c
Mar
95c
87c
1.17
380,500
59c
Mar
8y2c
10c
6,000
115
115
20
55
57
386
20c
21c
6,200
15c
Jan
17c
18c
1,600
15c
Jan
52c
8.75
25c
10,400
2.40
52 %c
20% Feb
26,200
10,500
1
Mining—
Mines
__1
Goldvue Mines
1
Goldora
Goodfish Mining
Goodyear Tire & Rubber
1
*
common
'
Preferred
50
Graham Bousquet
Grsndoro Mines ——
Jan
2.00
56
.1
:
.*
18c
7c
Jan
99% Mar
53 y2
Jan
31
33
1,225
15
Jan
Preferred
*
55
53%
-55
205
42
Jan
♦
32
30%. 32%
55
52%'
18,988
Great Lakes
t
V t
c
Paper
common..
common—
preferred..—
Greening Wire.——,
c
Gunnar
Gold Mines Ltd
*
32%
*
55
•
*.
1,010
6%
6%
200
59c
48c
59c
16,900
167/a
.1
Gypsum Lime & Alabastine
Hahn
Brass
preferred.
15%
17
2,905
20
20
50
iiy4c 12 %c
8,8b0
*
43% Mar
.1
Apr
.J
30
Hallnor
Canadian Food Products common
111
13
7.50
15V4
Jan
42
Jan
53/8
Jan
45c
Mar
14
Mar
Feb
*.i—,
Feb
Jan
18%
Apr
V
20
•
Celanese
75c
25c
Jan
1.30 Feb
2.65 Jan
35c
Jan
1.17 Apr
12>/2c Mar
Apr
Jan
65
253/4
Feb
17% Jan
1,883
25
Apr
Mar
90
10,885
213/4
205
22%
25
42
Apr
Jan
26%
233/4
——
14 %
90
25
...20
36
178
26%
22
25%
Feb
Jan
Feb
22%
•
common
Apr
14
15%
.1
Golden Manitou Mines
Car to Fdry common.—
//Preferred
Canadian
..
24 y8
195
•
||//;Conv preferred
Class A
—
52
*
;-:%/Tst preferred
Canadian
21
110
60
3
Apr
8
47c
1
28%
58%
ll7/a
42
7%
Jan
Jan
20
15c
1.08
24c
14
71c
1
27%
10
Commerce
Canadian Breweries common
Canadian
—.
20
•
—...
Bank
12
50
...
Canada Wire class A
Canadian
--
•
common
..........
///Class B
28%
*
;
Canada Malting.'.—
,
120
19
14
..1
Mines
Goldhawk
Golden Arrow Mines
,
13
10
Jan
Jan
"
Campbell Red Lake—i
110110 y4
100
*
*
.*
—
General
General
Class B
Apr
Apr
9%
19% Apr
110% Mar
4.80
100
19 lk
63
Jan
•
.*
5% preferred
5%% preferred
Feb
Feb
4.15
Exploration
Power
Jan
Jan
6.35
5.55 Feb
Gatineau
common
1.45 Jan
13
33
Mar
45c
34% Mar
9c
Jan
Feb
i.38 Jan
32% Jan
Frobisher
Building Products
Jan
15%
46
Jan
30
57c
4.60 Jan
15%
Feb
28
*
^
Gold
Apr
7y8 Feb
18
*
Ford Co of Canada class A—
Feb
106
Jan
42
14
*
25
i
I
14
10%
—
Eldona .Gold Mines....
15%' Apr
865
1.39
1.32
49c
Economic Investors—
273/4
270
25%
.16l/2
.*
1
30 y2
-403
26
25%
.
Jan
21
26
25%
104% Jail
45
2,835
28
253/a
26%
15
12% Mar
12,415
100
14
4%
30
163/a
Eastern Steel new common
Mar
20
"290
16%
East Sullivan Mines
Mar
71c
*
49%
East Malartia Mines^.——
13
26
Apr
263/4
*
26% Mar
30%
Jan
1.48
i.90 Apr
15
III*'
II-*
IlOO
I
Oil—
25
51%
1.90
28
Amphi Gold Mines
East
130
31
16 y4
310
1.21
340
52
20V2C Jan
313/4 Feb
101103%
1
>1
7,154
263/4
Feb
Feb
116% 116%
102%
_
27
•
3
113
1.40
Mining Co.
Duvay Gold Mines—
15%
•
1.15
91% Feb
1.59
1.Y0
L--
28%
common
1.67 Jan
Feb
3.05 Feb
1.50
common—•
—
15
Packers
Columbia
Feb
lOVac Feb
1.35
•
27
British Columbia Power class A
32
Mar
8VzC
■
British
Apr
1.85 Feb
7C
——
27%
British American Oft—
19
5,400
4,100
14,000
117,000
3.00
2.80
7c
preferred —
Dominion Woollens common—
Elder
1.35 Mar
-28
vja.-*
28
15%
5
-——
18%
Apr
15%
Jan
28%
1.40
2.80.
New
Donalda Mines
Jan
8
60c
'
Feb
Jan
Distillers
&
50
—50
—
Light & Pwr com—*
Brazilian Traction
Brewers
173/4
.25
Malting preferred.-i
—
Feb
173/4
common
Preferred
VTC
Apr
1.95
92C
Dohtlhfon Foundries & Steel com~
Dominion Tar
1.20 Jan
Apr
91% Feb
188%
9,450
..10
Stores
Jan
1.50
1.51
Bank
Dominion
156%
21
31%
—
15%
3,900
78
178
Apr
8% Mar
2.75 Feb
263/4
Mining
Dominion Fabrics
Jan !
Jan
16%
914
*
1.05 Jan
1.38
1.40
.100
16%
17%
Jan
173/4
Mines Ltd.-
Dominion
67 %c Mar
950
21
—1
•
25
Ltd
Brantford Cordage preferred—i
Mines,
Jan
18%
1.40
1
———
Diversified
Dome
,
90 y2
183 188 y2
20
87%
185
Discovery Yellowknife'
———Distillers
Seagrams
common-
Easy Washing Machine
Bralorne
Apr
5.00
'
1.95 Mar
89
«
45c
293/4cM!ar
12,929
1,415
—I
Bobjo Mines Ltd
2,300
31%
Duquesne
.
Jan
43c
7% Mar
2.25
8
2.20;
21
Dominion Steel class B
2,30 Apr
Jan
13c
5
kf *k •«
Bevcourt Gold
Bidgood Kirlcland Gold
8
320
Dominion Scottish Inv common— —1
40
1.05
Jan
35c
Mar
12,918
100,700
•
Apr
Apr
48
40
95c
64c
74c
135
8
Feb
1.76
1.29
48
40
l.OO
Mar
116
«
Jan
13c
————.1
Feb
1.90 Jan
22
3.90 Mar
15
•67C
*
Dominion Coal preferred —I
47
199'A
100
Bell Telephone of Canada—...
Belleteire Quebec Mines
18
.—I
Jan
2.12
.Class B... ........ ......
4.60
27
70c
—
27c
l.llMar
52,850
5,400
1.40
1.90 Jan
Feb
29c
1,900
6,800 "
2,170
40
4.30
v
—
Dominion
40
1.35
Jan
Mar
2.15
Mar
15c
117
'*
—.—
Ap r
47
1.40
-.1
—
63c
Jan
18%
27.500
-*
—.——
Dominion
1.24
1.15
1.22
-1
'BeattYi-BroS'ClasSv
«* — m mm
22
27C
40
1
3 7%
32% Mar
19 %c Mar
19
Feb
5 V*
Mar
'
Bear
B
Preferred
325
Class
Feb
7.25 Feb
1.55
Mar
4.50 Jan
136,100
6.10
1.02
Mar
1.15
360
—
22
21c
18
1
Dickenson Red Lake
43c
1.02
25 %c
3.00 Jan
44 %c
1.Q0 Apr
15
4.40
i %
Denison Nickel Mines-
Apr
40c
85c
27
Sons.
)
Petroleum
Class
36
&
15
22
Delnite Mines
...
2.10 Feb
'
"
21c
--J
Davis Leather class A
26 y«
Bertram
1.00
Apr
22c
Jan
10
Berens River Mines
80C
1.78
1.00
1
—
Jan
19c
Beaulieu
70c
1.65
67C
52c
Base Metals
Apr
———
Cub Aircraft
Jan
62c
Mar
12
40c
Exploration & Radium.
Beattle Gold Mines Ltd
Mar
Crestaurum Mines
12c
15c
•!'■>
Jan
1.41
Croinor Pershing Mines
281,675
—
J
*
Apr
1.70
72c
33c
•
43c
75c
1.00
♦
65c
17c
V'
10,600
8,718
3.80
1.67
*
1
70c
39c
i;
Mar
Mining—.—-—
21,000
1,885
7,800
.1
!.'*
Jan
^2o
Corrugated Box common
Cournor
15
Bank of Montreal
'<
30c
1,700
Cosmos Imperial Mills
1
18C
.1
Bathurst Power class A—
10.142
38C
Conwest Exploration
14c
—1
of Toronto
35C
36C
—•
37c
-1
Bank
32c
Crowshore Patricia Gold
Bankfield Consolidated Mines.
Mines
55c
Mar
40c
Auraaque Gold Mines
Geld Mines
Bagamac
3%
Mar
68c
Feb
Feb
Jan
101
Jan
25c
.
24%c Feb
12
Jan
1.90 Jan
96c
Aunor
Feb
36c
•
Smelting—-.8
(Toronto)——
100
143/4
Mines
Yellowknife
4
Feb
2.80
32c
Mines.
15
Auhelle Mines Ltd
Feb
1
2.20
37C
.1
29%
1
Consolidated Mining &
Consumers Gas
V
'
:•
25y2. Jan
1.50 Mar
Mines
-1
——
Feb
15
2.35 Mar
Consolidated Bakeries
Jan
Mar
40c
24
3,045
*
Coniaurum
,
Jan
Mar
78c
1
1
Feb
2,400
5,200
'
t
.•
v
110
class A
—
,7/
1.75 Jan
30c
15c
98%
f
35c
...
...
21v
1.84
Conduits National
26,325
1.63
.c
,/
Colomac Yellowknife
18C
*
96
2.70
Lake
Feb
15c
39c
,j'-.
.
Coin
16 %C
27b
29%
1.65
3.60
Feb
Jan
'2.60
Mines--".---*
Willans Gold
Cockshutt Plow Co
Jan
23c
1.33
Apr
24%
26,.
.
1.84
Coastal Oils
Apr
177
2.60
J
Cochenour
13C
1.30 Mar
43c
28 y2
Jan
Jan
iy% Mar
150
.
Mines —
Circle Bar Knitting.
Citralam Malartic Mines—
1.36
15c5 Mar
1.58
28%
Chromium
Apr
38c
10y8c Mar
540
19,700
1
21
18
"
10,700
c
145
Gold Mines—1
Apr
Feb
2.40
1.90 Mar
2.16
10
30
——
Jfan
54c
109
30c
Research
Apr
210
1.10
100%
2%
29%
mil
Gold Mines.
Mines
Gold Mines—
Chesterville Larder Lake
2.20 Mar
Jan
-
17c
«
30
1.35 Feb
Jan
....1
Feb
40
Mar
34c
106
1.55
IIIoo
22%
9,133
Patricia
Centremaque
Chemical
120% Jan
15c
Astoria Quebec Mines
Atlas
209
—1
Ashley Gold
Athona
37c
108
1.50
—.——
Hardware
Ashdown
35
19c
5
223/a
Central Porcupine
113/4
28
Jan
1.58 Jan
15C
—...
Mines
210
9,845
24,700
1.50
Mines
Arntfleld
40
1
1
—
5,600
10 %c 10 %C
177
21
*
Gold Quartz
Central
Apr
Apr
24
Jan
106% Mar
Jan
207
35c
177
21
Trethewey
19%
Jan
8'%
—1
.1
Armistice Gold
103 y2
2.05
38%
177
■--<
40%
20% Jan
20
10c
8%C
10 %c
PorcuDine Gold!.
Argus Corp Ltd common
4%% conv preference—
755
23%
106% 106%
22%
34c
mkmmt m
•xntrntmm #*■*«*
50
1.10
.
163/4
18% Mar
38% Mar
2.00
...l
Apex Consolidated Resources
Gold
3,460
)
«
Warrants
2,265
193/4
40
207
—i
Anglo-Rouyn Mines:*.^———
Ansley Gold Mines
•
163/4
19 y»
.100
Anglo Canadian
Arjon
16 'A
2.00
-O
,
_
Amalgamated Larder Mines
Yellowknife
Area
Castle
40
mmmm
—«
of
American
Aquarius
Cariboo
Apr
40
m
13%
*
class B.
Wirebound Boxes-
Canadian
Apr
IZi
AJax
m
Apr
199
8%C
III*
Surpass Shoe common—
Oil & Gas
*————
Alger Gold Mines—
—•—
Agnew
Anglo Huronian
109
Jan
Mar
14
106%
*
Ltd common
Canada pfd~
Feb
176
22%
>
~
_
Aluminium
92
250
—
«
Acme Gas Co
Aluminum
900
198
191/4
common
$1.50 preferred
.New
108
16'A
*
1.84 Mar
1,220
Canadian Wallpaper
107
107
-100
-
4,600
17
—-—
Tire
Canadian
Jan
9%
63/4 Mar
3,828
January 1
High
195
.100
—
preferred——
1%
Range Since
Low
8%
1.14
16%
...25
—
preferred
Canadian Pacific Ry<
Old
High
8%
common¬
er preferred
Canadian Ons
Shares
Low
Par
1.04
17
——
M
Friday
STOCKS—
1.04
"100
Malartic
Canadian
Apr
22 y2 Apr
275
Apr
22
m
Apr
6c
6%c
6c
5.25
5.35
705
4.70
93/4
93/4
10%
1,030
9%
21
21
60
183A
7c
*
Harrlcana
Gold Mines.
127/8
12%
133/4
4,140
1.00
l.OO
1.09
10,000
23c
Carpet
•
.1
Harding
Jan
40 y2
6,300
193/4 Mai¬
ne
Mar
Mar
Jan
Jan
23c
26c
58,000
31 %c
24c
35c
152,029
11
Jan
Mar
017.
Cotton
Hamilton
Jan
18%
—
5.25
Mines
17%
■
A/ror
115
57
Jan
Apr
26c
Jan
20c
Feb
Feb
34
55% Mar
60c
Feb
Feb
Feb
Feb
17%
Feb
34
55
7
20
Apr
18c
Jan
Jan
10c
6.00
Feb
19%
Feb
Volume
163.: Number 4481
!THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
204|
-
LISTED MARKETS
RANGE FOR WEEK ENDING APRIL 12
Friday
Last
STOCKS—
Week's
Inca
Northland
Mines—
Mines
Northern Canada
Mines
Preferred
Gold
Mines—..
Oils
18,000
«•
1.10
800
2.30
5,800
9V2
585
-
6
6
100
2.75
2.75
5,925
27,800
Apr
500
Apr
Mar
82c
3,710
90o
Jan
25c
28c
25c
Mar
37c
Jan
26c
26C
29c
11,500
19,616
24c
24c
26c
30,000
21c
15%
155
28c
•
15%
*
15%
14
14%
40c
50c
1
60o
57c
63c
Osisko
1
1.45
1.41
—
7%
•
11c
9%o
11c
,,,1
90c
90c
95c
33
34
-
1.90
2.15
Jan
Pacalta
Mar
Pacific
137/8 Jan
7 Ma Mar
14
.——
******
Car
15
*
Oils
Petroleum
6% Mar
82c
43c
26
5% Jan
55c
1
MWes
Lake
Feb
9V» Mar
2.90
/
1
Ottawa
Feb
Feb
56c
50c
W»Mk
common—_—
Gold
7%
Jan
140
2 50
-*
50o
74o
*
Orlac Red Lake Mines.,
Orenada
"
«—
Page
Hersey (new)
Pamour Porcupine Mines Ltd——-
.
•
2.00
2.62 Mar
55c;
21c
3.85
Apr
43c
14M> Jan
45
13%
1.60
7%
100
U
^.w(
15,724.
10,300 >
—■
.
>
225
7%
85o
>
i
Feb
2.59
-
Mar{J-
Feb
8% Feb
^V18C
'
Mar
25
v
Feb
Jan
71c
?
7%c Jan
.
13,534
.
1.25 Mar
&
Jan
15
57c
Mar
48c
Jan
17
Apr
Mar
41,800
23,600
Feb
30c
Mar
72,700 1- 3lc
...,
Jan
Jan
1.65 Jan
-ttK"
Jan
35
*-1.88 Mar
Feb
2.85
Jan
Apr
Mar
46c
9 Mi
Pandora Cadillac
Jan
Paramaque
1.10 Mar
Parbec
21
Apr
30
—1
.———
GOld
*****
Malartic
35c
30%c
36c
40,323
1
—
Mines
Malartic
Partanen
30%c Apr
20c
20c
24c
65,100
17c
Mar
46c
35c
1
22c
21c
24c
52,100
190
Jan
29o
Feb?
8c
6%cJan
11c
Jan
750
1
8c
7c
1
84c
83o
90c '
12,000
23,850
75
80 !
10
Jan
Paymaster Cons Mines Ltd
20s/, .Mar
Penmans Ltd common—
102% Jan
39
Mar
21
Mar
Perron
*
.«
Pen-Ray Gold Mines—.
Peoples Credit Securities
—
1
.
28c
*
27o
29c
8%
1.50
1.60
Mines——1
33c
32%C
35c
23,800
1
Pioneer Gold MineB of B C..———1
4.00
4.00
4.20
3,550
6.35
6.95
52c
54c
1,700
6,800
5,600
—
Mar.
1'eb
Feb
4Apr
40c
8
8,250
—
80
21o
300
1.56
—
Mines*
Mar
Feb
Jan
1.06
71
17,700
8%
-1
Gold
Jan
*
Jan
9%^Feb
1.43 Mar
1.95
Jan
1.20 Mar
x.ao
Feb
PIcadilly
Porcupine Gold
Pickle-Crow Gold MittSS.
—.
—
Porcupine Peninsular ———1
Porcupine Reef Gold Mines
—1
Powell
River
—
Power
Corporation
PreSton
East
Dome
40
Macdonald
——.*1
35
1,815
3,600
—
.
1.20
1.35
7,600
15%
15%
10
2.31
2.35
5,250
18
15
15J/a
—
14c
18o
14
14
15%
53 y2
54
305
2.00
2.05
—
85o
826
1.05
18
17
—
—
7%,
1.40
34c
41o
1
33c
22C
30c
1
1
85c
776
19
39
*
—
Jan
19 %
4c
Riverside
Jaii
38%
Jan
54
1.40 Jan
Robertson
(P L)
Preferred
Jan
ROche
1.03 Mar
common
*
.
2.10 Mar
Mar
1.00
Jan
860
Mar
1.25
Jan
lS'AMar
23 Mi
Jan
7y4
Feb
5 Mi
Jan
60C
JaiV ^
28c
Apr
7%c Jan
610
34
255
11
11
50
47
47
20
Feb
Jan
9% Fep
•
5
1.70 Feb
40c. J Jan
24%c
r
v
11
48% Feb
Jan
49% Feb
22c ifjan
48
15c
15c
8,800
14c
Mar
34c
36c
Mar
38c
59c
14,200
78,400
240
53o
45o
Mar
640
1
—
Rouyn Merger Gold Mines
1
56c
•
10
46
Apr
^ Apr
Jan
48
15c
Rochette Gold Mines
2.55 Ma t
42
48
1
—
*
Apr
I Apr
97c
39%
—*
——.
Loilg Lac—
—
Apr
Mar
696
42,850'
39 Mi
Feb
15 y4
Feb
Mar
1.35 Feb
20o
Silk Mills class A
Class B
f Feb
22%C
8,800
97c
Jan
3.45
17.
Apr
6,800
15c24%c
Jan
3.30 Feb
22% Jan
11 r
300
Regcourt Gold Mines—
Jan
51
200
1.40
1.65
17%
Mar
140
12,200 #
19,899
9,665
7y*.
1.75 Jan
14% Jan
).
1,300
*
18
Richmac Gold Mines———
Mar
Apr
Apr
36
.2.65 Apr
200
8,800
;
1.10
——•
7,900
85c
1.05
—-1
57c
.
2.31 Apr
17
Jan
1,114
54
2.75.
.
1.00 Mar
13
375
2.65
15
Reno Gold
14c
19
2.65
.......1
>»-**--*
Jan
1.06 Mar
54c
Jan
7.70 Mar
^;?76c
v
29%oFeb
1.40
*—******
Mines
Mar
52c
—
—1
Mittes--*——1
Preferred
Reeves
40c
'
Mar
1.30
—
—1
Proprietary Mines
*
Purdy Mica Mines————1
Purity Flour Mills common
id
Quebec Gold
Quebec Manitou——
Queenston Gold Mines
Quemont Mining
Quinte Milk Products
45c
Feb
4.93
»
.
Feb
,
34%
1.25
Tremier Gbld Mining Co
Pressed Metals
47c
.><3.83 Mar,
52c
——•
—
Mar
34%
1
Rouyn Gold—
mm*
Voting trust certificates——
•
30o
—
Co—*
Powell
-
Jan
? Jan
27% Jan
Roxana Oils Co.
26% Jan
1.35 Mar
40c
32c
Royal Bank
Royalite Oil
Feb
Mar
...
—.—
—
————
Rush Lake Gold Mine—
Russell Industries common.
3.95 Mar
Ryanor Mining
—
3.10 Mar
2.80 Mar
St
4.00 Mar
650
4c
Lawrence
Class
Mar
St
2.85 Mar
common
»
Bah Antonio
Feb
Corp
A
Lawrence
Sand River
preferred*.
Gold Mines Ltd.*.....
Paper
Gold.
Sannorm Mines
14
...—
Jan
9c
986
28o
22c
14%
Apr
Jan
Scythes Ltd new common
Benator Rouyn, Ltd
Apr
Mar
Shawinlgan
Jan
76
Brewery
67
Apr
1.25 Mar
5%cMar
'
37% Jan
—
35%
«■<
14% Jan
Western
Dairies
B
17% Jan
v
Jan
91o
Feb
10,410
83c
34,100
27%
Jail
27% Jan
345
27%
50
11,500
Mar
23
10
—
1.25
1.40
1.25
12,978
12%
13 y4
1,485
102% 102%
10
IOO
-1,150
1,265
7
Stadacofta Mines
Standard Chemical common—*.
......
79
Apr
Apr
5% preferred
7
Apr
Feb
Standard Paving
Preferred
*********
—...
9
——
Standard Radio—.—
49
Apr
18
Apr
20%
22
8
1.34
1.50
63
Starratt Olson Co. ****** mm*im*******M*i.mmmm
--
18
Jan
Mar
1,00 Jan
10
Mar
Jan
Jan
18% Jan
150
-
63%
112,400
6%
-656
Jan
-Jan
Jan
30%
9%
7y8
common
—
Jan
Mar
10,700
1.10
Feb
Feb
45c
6c
—«—
Sturgeon.
Spfingef
45c
25
23
Southam Co
305
16%c Feb
82
Mar
30% Apr
3.25 Mar
Stedman Brothers—
Steel
Sturgeon River Gold
Sudbury Contact—-—
Surf
cons
Inlet
Mines.....
Consol
Gold
Sylvanlte Gold Mines—
(G)
Preferred
common
—
eo27c
3.30
3.50
10
-
Jan
Mar
3.00 Jan
7 ;•
Jan
.
—
——.
*******
32c
Mar
45c
Jan
10c
******
Jan
21c
Apr
Jan
2.65
48o
Apr
3.25
Jan
1.09 Mar
3.30 Mar
4.10 Feb
1.94 Feb
26
*
*******
Teck-Hughes Gold Mines
78% Jan
93
30c
89
......
Taku River Gold Mines
Tamblyn
90
93
10
——...
Steeloy Mining Corp....
steep Rock Iron Mines
Sullivan
4B% Jan
28c
Canada common
Co of
Preferred
Sterling Coal
—
,
Thompson-Lund Mark Gold Mixes..
Jan
101 %
108
1.14
11 %c 12 %c
Petroleum
End
6ic
2046.
24
77c
Mines
25%
page
1,540
1,482
107
Slater (N) Co
101
see
101
28
95c
.—
Malartic
Bladen
16% Apr
footnotes
20
30%
27'/a
Slscoe Gold Mines—
South
For
102
29%
Jaii
Apr
Feb
Feb
ioi%
new
Preferred new
Mar
Jan
10
—
Simpsons Ltd class A new
Class
Jan
13%
.......
preferred
New
30c Mar
25%cMar
9c
mm**
—
Silverwood Davies new preferred
Silverwood
22c
common..
Voting trust
Sigma Mines ——
Silknit Ltd common—
Apr
126
Gold Mines
Sherritt-Gordon
Sicks'
—
———
...
Creek
Sheep
16% Jaft
104% Jan
...—
1——————
Shawkey
27% Feb
38
,
Apr
220
2 10 Jan
9
,,
75c
1,00 Apr
2.25
—•
mm
High
45o**Feb
Mar
12c
1.07
1
O'Leary Malartic Mines
Omega Gold Mines I* *k mmrnrn
Omnitrans Exploration
Preferred
110,500
9J/«
1
*
,
Orange Crush
95c
14c
—
5
Ogama-Rockland Gold
Okalta
Low
80o
12c
2.30
1
*
...
Bange Since January 1
>
High
80c
•
Northern Empire Mines
Shares
13'/ac
•
.
North Star Oil common—
O'Brien
Low
1
—»
far Weak
of Prices
Par
North
Sales
Range
t
Sale Fries
Apt
54% Mar
5.35 Feb
790
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
MARKETS
LISTED
RANGE FOR WEEK ENDING APRIL 12
44
Friday
—
Tip Top laiion>
Toourn
Goia*
Toronto
Toronto
A
Traders
—1
Trust
v/orks
—*
Mining
20%
20%
20%
10
10
1
32c
United Fuel
"A"
class
United
Steel
—,
Villbona
Geld
n-'i/';y
■
Mines
2.85
•
Ltd
1 0L
Weite-Amulet Mines, LtdWalker-Gcoderham & Worts
9>/2
12'A
2.85.
2.95
Wasa Lake Gold Mines
4.50
124
1
9,910
6,580
4
4.65
22
1.20
1.30
1.39
'
■
,JLv. :
Western
common
Preferred—
Products
Westons
Ltd
-100:
6,550-
——
common
Preferred
--*'
—
Whtsey-Cognian Mines
Winnipeg Electric common
'
*;fe"
Mines
5.10 Feb
1.69 Jan
"rpl: >'U
Apr
Mar
190
190
220 :
145
220
5
155
29
265
25
33%
955
27
107%
Jan,
-
108
20
19c
20c
9,100
17c
15
:
15%
1,780
13%
105
135
94%
36c
11,200
34c
—
-
30
Jan
Apr
Jan;
33% Apr
108% Feb
•
Mar
26c
Apr..
220
•
Jan
Feb
103%.
Jan
195
Feb
104%
Mar
60c
Mar
-
55c
....
Jan
Jan
32
104
1
235
28
>
Jan
23%Mar0
•
30c
19c
.
Feb*;
Jan
129
•
40c
15%
100' ;
Gold
•
25,500
10,300
—
i
—
Preferred
Winora
.
48c
36c
100
-
Jan
40c
'
'
40c"
34c
#
29
32%
• :
—-
-
87c
-
Feb
*.< 67c
1.15 Mar
220
:
3.98 Jan
1 16%
Feb
190
—
4 13% Feb
Mar
44c.
.
14%c Jan'i
Jan
4
21
34c
Grocers
Westeel
Jan 4
109
r
Consolidated-
Malartic
f Feb
9% Feb
,/
Apr;
Apr
Apr
25c
22c
.908
'
Wekusko
West
50
Jan
Mar 40
41c-
580-
22%
29 $\Feb
2.55 Jan
1,000
6,492
Jan
31% Feb
-
.13% Mat
-
Apr
Jan
45c
■
:
Jan
'
8%
-
-
3,000
~
123 125%
22:
6
10,700
28c
22c
20%
Jan
40%
7c
1.80 Jan
h
f12
24 4-; Jan
2,356
46c
,
25c
22c
:
—4.55
•:
14
43c
25c
*....
Feb
Mar
.
Mar
26%
.»
30
0105
Jan
.27c
:
Apr
Jan
4 Apr
32
,
-
9Va Mar
6,100
.
22c
com——•
Preferred
-15%
15
10c
asiv
•
•
———1
——--
•
1,615
6%
' 13%
*
v
6%
;•
•
50
-
Feb
,
13%
39c
'
1,20 Mar i
46
9%c
11%
-
28'
49 %
—
0,,•
j.r.u
:y
-1
50
10c
..
•
—
24
Apr
Apr
13
-
-Apr
0423% Mar
35
25
.
Ppper Canada Mines
Vulcan .Oils
31%
27%
_•
—
Vicour
31'A
—
—50
1
oin>
32c
—
*
—-
Class B„
United
30c
•
-
M
50
-
-
Feb
160
5640 1030 Feb
1,748
50,216
—
Class B
25c
5,300
10%
Jan
2.40
Jan
11% Mar
100
■
>
1.35
1.25 Mar
22%
11% Jan
; :
"•••-
215
:
.
30
1.25
■*
-
Corp class A
;
230
104104%
1.26
—•
common.
Gas Co———»m
United
104
—•
—.
142
3,810
32
.
30 ;
—
.100 '
—
Kesources
13
Mar
1.70 Mar
70
29c
32
<
—
300
~
;
High
Mar
20
"
13% 4 4 1,495
27c
*
B
City Rapid Transit
Union
12%
29c
Loto
73c
10
160
12%
1
class A
Preferred
Twin
13
..
—*
-—-—
1.70
160
.
Range Since January 1
,
100,450
21 %'-'
1.70
—
—•
common
kxuioration
TrHnhcuuwiieuiHi
Onion
1.20
—
.100
———————————————
Finance
Class
1.03
21%
—
Iron
Class
Towaginac
Shares
High
%
1.18
—
General
Range
■
—
•! '
Sales
for Week
Low
1
—
$'■
of Prices
Last
Sale Price
Par
Thurbols Mines
Week's
Monday, April is,
ig46
30c
Jan
17% Jan
105
Apr
43c
Feb
Wool
Combing
Wright Hargreaves Mines.
Yellorex
Mines
Ymlr Yankee Girl
York Knitting common
Bonds—
Uchi
6s
—
Toronto Stock
Exchange-Cork Section
OtMliM Fundi
'.-Friday
Range
Sale Price
v
Par
Andian
National
Asbestos Curp
coiumbia
Co
Bruck
Silk
Mills
Canada
&
Canada
Dominion
Vinegars
Marconi
Canadian
Western
Preferred
Dominion
645
Jan
104%
19%
Apr
23%
19% Mar
24
Feb
25%
27%
740
25
29
15
Feb
15%
650
14
Apr
4
Mar
58%
58%
59%
2.45
2.45
2.45
100
21
19"%
21
38,151
common
100
100
16
18
45
7
jan
18
Apr
n8
Apr
120
45
Mar
! Jan
160
39%
102
130
1.69
9is/8
1,300
1.60
Feb
29%
460
23%
Jan
1,360
&
54
53%
54%
132
132
25
5
121
24%
24%
24%
3.65
3.75
5,635
1,400
is
3.60
Ontario Paper
*
Grain
preferred-—
Investment
Southmount
67 *
100
56
104
1,035
_*
3%
3%
15c
14c
15c
9,500
Montreal Stock
<rfrCanadian
Jan
Apr
2.15 Jan
39
Jan
55% Apr
135
Mar
Jan
24% ADr
5.00 Feb
Feb
Feb
2%
13c
67
ADr
Jan
22c
75
1
Mining
3%
Jan
102
Mar
-
2.60
40
27c
>•
44% Mar
100
111 '
22c
„
Temiskainihg
67
110%
__
•
Stop & Shop
85c
Feb
1.70
107
Feb
101
1.70
132
Oreille
Apr
25
118
15
Price Bros common
:
Jan
100
-
21
Jan
1
_
Apr
4.00 Jan
*
40c
43%
29
Apr
71
118
•
Jan
Jan
(
60%
Jan
42!/2
•
International Paper common
2.1.0
42%
101%
-
5
.
56% Mar
2,150
„
16%
.
15% Mar
5
50c
Mar
2.80 Mar.,3.85
35
45c
—
45c
•
Apr
Jan
84
25
150
•
Apr
50
17,100
100
Apr
Mar
8%
20%
4
*
78
185
Mar
5% Mar '
21'A
3.55
common
""
Feb '
Jan
20%
„
•
23
21'A
25%
100
—
.Preferred
Reliance
170
101% 104 %
—
—
„
Minnesota
56
260
4
Foothills Oil & Gas
Pend
415
20,302
5
preferred
Textiles
77
180
8'A
•
——
—
Hayes Steei
75
3.40
Bridge
Dominion
Feb
•
—
Aircraft
62
4
Oil
deHavilland
Mar
3.45
—
Dalhousie
55
180
•
Westinghouse
Coast Copper
—4——4,—^
Sand
500
2
Lumber-.
Canadian
Consolidated
Jan
58%
1
—
consolidated Paper
36
58
Apr
Apr
104
•
———
Canadian
19
23
7%
5
Sugar—
10
185
180
——*
————
High
19
33
7%.
,
1
——100
Bulolo Gold
Low
19
32%
76%
100
Preferred
Range Since January 1
58
Pulp & Paper com—•
&
common
Shares
'
—
*
Preferred
Biowu
High
19
•
Atlas Steel
bntisii
for Week
of Prices--
Low
*
^.^Sales-"-;-
Week's
Last
STOCKS—
ill
28c
Apr
Feb
Mar
Feb
Mar
,,
3% Mar
33c
Jan
Exchange
Fnnds
.
>s
•
.
'^4V-
Friday
Dir„^,rti
STOCKS—
^
Last
v
^
Sale Price
Par
Acadia
5'/*
and Atlantic Sugar A
preferred
com
6%%
steel
Aluminium
Aluminum
Ltd
Co.
Amalgamated
Argus
Corp
fr'c4%%
Canada
Electric
pfd
Corp-
common
convertible
preferred
Associated Tel & Tel preferred
bathurst
Power &
Paper class A
Corp A
._«•
•
22%
'
,
28%
26%
'
731/.
15
1,179
32% -
22 Vi
^
1041
l0
23
1 726
200
275
17
25
•
i
—
2046,
5
17%
2 {
109
30
Jan
Feb
c
Jan
;;
.
17
Apr
25% Mar
30%
27
Jan
825
21
3Vse Mar
joo
20
285
23%
Jan
20%
Jan
2iy4
953
5% preierred
Provincial Transport
Quebec Power
>
—
—.
Regent Knitting common———,
Paper common
Rolland
Preferred
Feb
5
23%
.
Co
vr
Jan
Apr
3iy4 Feb
Jan
33 ya
18%
26%
-r\
Development—
River
Mar
30%
v
4 Jan
240
4'A
Feb
200"
common
Placer
.
Power Corp of Canada
Price Bros & Co Ltd
common.
35'/v. Jan
73% Apr
23% Apr
«
19
20
Feb
12
181%
22
Penmans Ltd
Powell
101% Mar
3ya Feb
Jan
Feb
60
Page-Hersey Tubes—
;
Mar
20
>
Jan
300
32
Jan
2104, Apr
8% Mar
98 y2
11,769
;
^Feb
103
;
Jan
28%
4%i
Feb
Mar
Jan
26%
>
21V*
17
105
126
.
Jan
106
26%
30%
41/4
32
130
"
27%
.
20
Bulolo
page
2115
199
30%
•
see
250
101
731/,
199
'
•
Mills
Building Products class A
Gold Dredging—
•'
2% 4 2%
32%
25
67
Jan
Jan
;
i
Jan.
106% Feb
20% Mar
102% Feb
204
17
B
footnotes
2%
32%
*
iq
•
Tuf II8? Tra® Li,gllt,
For
•
100
?
British Amer Bank Note P°wer
Co
British Columbia Pr
Silk
101
—
•.
20
934
-
Telephone
Class
19
10
V
103
24
Jan
14%
?nn
108% 108%
*
Braiorne Mines Limited
Brurk
103
Jan
loo ;
5
*
205% 210
20
100
—
23
20%
103
415
105
22%
108%
*
Corp
10
16%
103
*
Range Since January 1
Low
High
680
207
100
| Warrants
Asbestos
Bell
23
•
of
Shares
22%
105
•
100
•
for Week
High
16%
100
common
Preferred
,
106% 106 %
16%
preferred
Algoma
Range
22%
106%
*
Acme Glove Works Ltd
common
-
22%
Sales
-
of Prices
Low
•
—100
—
Week's
A 34 i
24 y4
jan
Jan
Mar
Feb
Saguenay Power preferred
•
6t
Lawrence Corporation common.
A preferred
St
Lawrence Flour
Mills
com
St
Rights
Lawrence
.7% Mar
Feb
30
35
•
-
103% Jan
—4—•—
Paper
Shawinigan Water
preferred.
& Power
Apr
; 3% Apr
'i 83
Feb
2l%r Jan
163|Number,4481J
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
....
CANADIAN
r^'V '• r/"•V-'1 [«w>^
-V)
*f. '<• •'*'v
LISTED MARKETS
RANGE FOR WEEK ENDING APRIL 18
Week's
Friday
•
Shares
Low
<
1
160
Mar
895
37%
50
100
33
33
25
27%
—
51
49%
33
*
Preferred -i—————
Jan
49%
(H) & Sons common..-——•
—
29
27%
500
Feb
Godfrey Realty Corp
165%
Apr
Great
Jan
51
36
Jan
50
31
Mar
33
Jan
25
Jan
29
Feb
105
15
25
840
18%
Jan
25
14%
Jan
16
16
Tuck'ett Tobacco preferredUnited Steel Corp
15%
102% Jan
125
13%
4,653
131
15
11%
12%
16
16
89
11%
79
90
182
89%
182
»
*
Biscuit common
Viau
15%
12%
100
Paper
Insurance
Co
•
Walker Gooderham & Worts com
Preferred
•
90
107% Mar
90
Jan
165
7
182
*
———
Western Grocers preferred
Weston
13%
Jan
195
Ltd
•
Winnipeg Electric common
75
22
5
33
33
195
»
JLOO
„
Apr
95
24
13
195
33
325
34
27
28%
28%
305
28
Mar
20
22%
22%
90
20
23
28%
—10
Imperial
Scotia
38%
f;|
29%
1,385
21% Jan
27%
16
15%
21%
30'A
20%
21%
29%
30%
9
9
*
common
10
& Ontario Paper Co
Corporation Ltd
Jan
39
20
Jan
25
United
Mar
24%
1,935
$28,000
50
50
20 m Apr
28%
Feb
8
150
Jan
4
16%
337
24%
4,980
18
/
leb
77
375
70%
Jan
15
61
11%
12%
12%
110 1
56%
56%
14%
14%
15% Mar
1,469
8
15
32
36%
13
,
,
110 110%
30
•
110
145
46
700
56%
32
11
92
*
110%
110 110%
*
100
125%
125 125%
Class
50
49% Feb
12
20
:
416
12%
71
28c
30c
46,181
13
13
20
16%
16%
25
*
28%
28%
8
*
25
25
*
27
27
5
•
16%
17
450
28c
class A
B
class B
United Distillers of Canada Ltd
Products
16%
1
*
27
28
28
13
12%
13
424
1
Ltd
27
*
Corp
Windsor Hotel Ltd
notes
14% Jan
216
1,080
14%
14%
*
Amusement Corp
Westeel
Power
1,360
•<
16
*
United Corporation
Bonds—
Montreal
16%
,15
' Jan
34
77
10
Clay—;
Thrift Stores Ltd
Apr
24%
Feb. <
Apr
24%
24%
red pfd—100
Standard
Apr
33%
24%
10
Royal
Feb
60
12
2,860
»
Reliance Grain Co Ltd preferred
Feb
720
41%
10
100
Purity Flour Mills Co Ltd
23% Mar
Mar
27%
39%
Royal Hotel Co Ltd
•
Nuclear Enterprises
*
Pow Corp of Can 6% cum 1st pfd—100
6% N C Part 2nd pfd
50
22% Feb
28
39
41
10%
75
675
"
Jan
1,520
37
14"%
*
Apr
30
28%
39
—10
...
V Jan
Apr
16% Jan
19% Jan
1,075
27
Nova
75
55
80
12
•
Sarnia Bridge Co, Ltd
Southern Canada Power 6% pfd
Southmount Invest. Co. Ltd
20
79%
5
17% Jan
Jan
—..10
Jan
6% Mar
10
14
13%
14
Mount
Apr
IQ,8.% Mar
/i
Banks
Commerce
Mar
16%
1,700
14%
Moore
Apr
Mar
38%
10
26
V: 25
79 i
79
'
Apr'
25% Mar
Feb
Jan
776
-
15
38%
Canadienne
-
*
*
Power
Minnesota
Mar
23
Jan
,103
25
preferred
6%
*—
'
■
20
7%
•
Paper «&
Melchers Distilleries Ltd
127% Jan
Apr
Apr
„•
common
295
2,182
•
20
100?
Ltd
Quebec Pulp & Paper 7%
Ltd
Zellers
32%
26
Feb
92
Feb
27
235
104
"
15
7%
Maritime Tel & Tel 7% pfd—
Massey-Harris Co Ltd 5% pfd
16% Feb
Apr
109
195
103
•
74%
215
22%
33
•
common—
Br^ferred
Wilsils
1
—
345
103.
(Geo)
,
22
22
32%
:•
10
MacLaren Power & Paper Co
Maule Leaf Milling Co Ltd common
Apr
Jan
16
John
St
Lowney Co
Apr
90% Apr
Jan
8%
2,520
122% 125%
122%
31
low'
26
30%
32 %
Range Since
High
26
32%
Preferred
Wabasso Cotton
Low
26
•
common
Hydro-Electric Securities Corp—
Inter-City Baking Company Ltd
International Paints (Can) Ltd A
Jan
15%
12%
89%
*'•'
*
*
Jan
10% Mar
Lakes
Halifax
Lake
Standard Chemicals common
Steel Co of Canada common
Shares
Preferred
Apr
Apr
23
23
—1
1
1
'
for Week
of Prices
Par '
32
105
100
Southam Press Co—.——.
Southern Canada Power
Range
Sale Price
<
High
60
165% 165%
—
Last
Low
31
Sales
Week'.
"Friday
-
STOCKS—
Range Since January 1
High
31
Sicks* Breweries common
—•
preferred
————*
Ltd class B
..tv.
for Week
Par
Simpsons
.
Range
of Prices
Sherwin Williams of Can common
*
Preferred ------——————100
Simon
Sales
Last
Sale Price
STOCKS—
36c
Mar
Mining Stocks
Astoria Quebec Mines Ltd
Athona Mines
Week's
Sales
Last
Range
for Week
of Prices
Shares
Friday
22c
Mar
5,300
7c
Jan
Ma?
5,000
54c
4,720
69,200
33c
Jan
1.00
61c
Mar
10,100
70c
1
26c
25c
29c
1.38
1.38
1.38
1
45c
45c
46c
8,000
2.10
1.99
2.15
14,000
1
Ltd
20c
18c
21c
15c
16c.
500
Mines—
New
com—».
of
,
15
•
2
118
1,009
7%
6%
5
Industries Ltd
preferred
140
Jan
160
30
15
14%
162
20
125
15
15
13
preferred
38
Jan
175
55
Mar
182
182
7%;
100%
8
104
9%
9%
520
25%
25%
27
1,190
12
class
210
6%
•
mjz
12
235
15%
245
109
109
10
28%
153
26
178
Jan
185
-
6%
1,270
6%
4% Jan
12% Apr
13
30
4%
2,345
1,899
245
13%
Jan
19%
21
4,810
12%
Feb
21
129
135
292
98
Jan
135
17,475
2.40
Apr
57
Jan
Preferred
..
15%
25
12%
200
*
53C
65C
——
Civ Sec class A
Preferred 1
65
65
79
5
4%
5
663
7%
7%
5
.21
21
*
—*
David & Frere, Lim. class A__
26
*
Engineering
Dominion
Malting
Works
Co Ltd
Ltd
Dom Oilcloth & Linoleum Co. Ltd
Square
15%
7
41
*
Dominion
Woollens
Donnacona
Paper
—A
-„w
-*
•
Co Ltd—_
Eastern Steel Products Ltd new com—*
Patrchild
Aircraft
Fanny Farmer
5
Ltd
*
16%
19
13%
4%
Federal Grain Co class A
3.90
1.02
1.16
1.05
1.05
3,300
18,600
4,000
20c
16c
20c
9,000
Ford
Aircraft
Motor
Co
Ltd—
of
*
-
Canada
class
A.—*
Foreign Power Sec Corp Ltd com
6 %.
red
pfd—
Fraser Companies —--——
cum
5%
30%
•
100
•
15
69
Apr
40c
see
page 2046,
Jan
Mar
1.35
1.00 Mar
1.45
16
66,400
74,500
Mar,
Jan.Ij;/.
1.50
2,250
20c
24c
4,600
20c
94c
1.05
126,100
60c
56C
62c
10,200
5,210
1,923
48c
47,100
2,500
3,300
32,900
16%
17
50c
60c
75c
75c
79c
26c
27c
6C
7c
1.23
1.42
167/a
1
Apr
Mar
(•£
•2.05
Jan
35c
Jan
Mar
50c
-1
Jan
1.45
Mar
1.35
Jan
68c
Mar
84 %c
1
Jan
49c
28c
1.35
Jan
36c
80c
95,500
24c
Feb
5
Apr
34c
-1.50
,
Apr
3.60 Mar
3.55
1.45
36c
55c
98c
30c
—1
60
90o
Feb
75
4% Mar
7
Feb
107
16% Jan
85c
*
1.50
New
135
15%
Jan
Feb
325
340
23
Apr
Apr
1.15
63c
Apr
Jan
15% Jan
19% Feb
50c
Apr
65c
61c
Jan
5
125
4
Jan
54
250
Apr
15
128
38% Jan
25
15%
25
40
19% Jan
16%
916
17%
20
12%
13%.
0,145
1,465
13%
15
22
2U0
1.16
1.25
II,600
13,900
40c
Mar
9c
Jan
1.05
Jan
2.24
Feb
Feb
36c
1.60
1
4.20
4.80
12,500
3
5
69
69
100
69
35c
35c
5,600
32
35c
500
V
1.75
1.80
I,300
1
25c
26c
12,000
2.75
2.90
26c
26c
32c
36c
2.75
-1
I
—
Jan
2.07 Feb
Feb
32c
Mar
46c
Feb
37 %c
42c
51,600
17
17
500
Red Crest Gold MineB Ltd
*
1
15c
17c
35c
Mar
29c
39c
24c
7.00
35c
Jan
41c
Jan
1
—
Jan
75%
24c
Quebec Yellowknife .—
Quemont
——
21c*
6.75
<
7.50
Apr
6,000
33c
„
Mar
1.09
Jan
Mar
300
28 %C
1
1
Feb
Jan
1.65
2.65
;
28%c
,
Pato Cons Gold
Piccadilly Gold Mines Ltd.*
Pitt Gold Mines
43c
Jan
Mar
1
Mines
Dredging Ltd
Paramaque
35c
1
Feb
1.45
22c
16,166
7,500
3,925
1,000
9,000
Gold Mines Ltd
28c
Jan
Feb
1.41
Mar
1
—
11
26%
Apr
1.05 Mar
33c
*
Cadallic
7.25 Mar
2i V2
1.55
Mines
Pandora
Apr
5
Apr
54
Apr
24% Feb
51
Apr
22% Mar
41
Feb
Apr
6c
21c
31c
3.85
Apr
Jan
Jan
24c
6,25
Feb
Apr
7.30 Jan
35c
Apr
35c
Apr
23c
Mar
37c
Jan
24c
Feb
42c
Apr
Apr
17
Apr
Jan
;r 17
26
44% Mar
22%
41
.
1.10
26c
1
Mines
Omnitrans
Apr
2% Feb
Apr
1.85 Jan
200
8
22
1
Ltd
O'Brien Gold Mines Ltd
21
2
9
8
1.16
34c
1
Normetal Mining Corp Ltd
18% Mar
15%
26
Mines
Louvre
Norseman
Jan
56,955
2
.
1.23
—1
Mclntyre-Porcupine Mines Ltd—
flVj.21,:;Apr
21
25
6c
—1
Ltd
Mines
Shore
Macdonald
8% Feb
<
1
1
Lingman Lake Gold Mines Ltd
Lingside Gold Mines
Louvicourt Goldfields
Jan
17%
:
Consolidated Gold Mines Ltd
Lake
Jan
6%
Mar
,
Jan
19%
...
1
Labrador Mining & Explor Co Ltd
,
16% Jan
Mar
Rochette
Mar..
Jan
17%
Jan
Feb
20
11 y4 Mar
w-
Mines
Gold
Sherritt-Gordon
Siscoe
26%
*
Gold
Mines
Mines
Sladen-Malartic
Ltd
Ltd—.
Mines
Ltd—
Soma-Duvernay Gold
1
—I
1
32c
97c
--
23 %c
,
32c
36c
6,125
16,000
2.08
15c
2.30
850
95c
14c
Mar
23c
25c
Mar
38c
Jan
3.65
Jan
1.45
Jan
1.07- Apr
1.03
5,050
95c
78c
78c
Jan
24c
2,200
8,300
65c
22c
21c
Mar
Feb
1.15
Jan
90c
Apr
I.49
Jan
42c
Jan
Apr
14%
Feb
5%
Jan
4%
4%
275
4
Ma?':
60%
61
75
54
Jan
9%
960
6
Jan
5%
6%
1,725
5%
Apr
'8...'
30%
890
27% Mar
32%
1.25
Jan
Mines
1944 Ltd—.
1.13
1.10
1.20
II,548
1.00 Mar
27c
2.75
25 %c
27c
14.20Q
20c
2.70
2.90
8,200
29c
—•
1
1
27c
29c
23,000
7%c
7%c
20%
6,500
.
Mar
Jan
75c
Stadacona
Feb
30
v
61
Apr
9s/a
1,050
60c
Mar
14
15
255
12
Apr
66
69
4,909
53
Feb
!
Standard
Gold
Mines
Sullivan Cons Mines Ltd
v,;
-j, V
2.70 Ma?
•
:5:3O;^0.
Apr
OH
25c
32c
Mar
Mar
10c
Jan
Mar
25%
Jan
Apr
Stocks
Feb
Homestead Oil & Gas Ltd.
.1
Apr
17%
69
4
Por footnotes
Apr
2.43 Mar
22c
1
—
43c
1.10
—1
Westville Mines
Fleet
ti
Apr
33c
1
34c
Mines
26 %
1.40
——1,
Waite
Jack
J-M
Feb
75c
*
3.85
Jack Lake Mines—
•Apr
Apr
3.80
*
,
Jan
9
60%
——
Jan
Jan
5%
Jan
52
—*
Corp
3.85
f 1.10
5: 1.05
.1
(1945) Ltd
Hudson Rand
<$<•
Dominion
100
•
Heva Cadillac Gold Mines Ltd
62', Feb
18% Apr
16% Apr
22%
•
20
72,600
-1
Goldora Mines Ltd
Goldvue
49c
2.43
—1
Mines
Goldbeam
3% Apr
18 % Jan
'
.
11% Jan
560
21
90c
15
Mar
5
2
*
Class B.~
20
90c
IOO
4
1.75 Jan
17%
2.50
———
5,310
65
*
Consolidated Paper Corp Ltd.
Cub Aircraft Corp Ltd
Dominion
66
310
17
15%
Consolidated Bakeries of Canada—.*,4
Consolidated
16
12%
100
43C
2.43
47c
—
—I
Limited
Joliet-Quebec Mines Ltd
20
Alcohols Ltd common—-•
200
Found Lake Gold—
Feb
9
3%
16%
—;—•
Preferred
26%
Fojmaque Gold Mines Ltd——
Apr
3.50
Commercial
26%
Mines
Gold
Fontana Mines
Jan
185
15% Jan
4%
55c
Mar
Feb
59%
com
54c
Eldridge Gold Mines—
Mar
2.40
Adv
29%
18
59%
General
Jan
212
59 %
Neon
25
2%
16
16
5,325
Mines
Jan
Jan
13
1
15
60c
Eldona Gold Mines Ltd
Mar
163
*
Claude
16%
111
57c
...
Sullivan
Elder
Mar
175
Canadian
Ltd
12
Apr
14% Apr
109
Apr
—
East
v
Apr
235
134
Wines
10
Apr
57c
*
Mines
29% Feb
17
3.45
common—
Catelli Food Products 5% pfd—
'
23c
;
Malartic
Apr
210
2
Limited
'■
35c
9,300
5
East
Mar
104 v,
9%
5,000
28c
Ltd
Mines
Duvay
Apr
•
209
100
Westinghouse Co Ltd
Mar
Mar
39c
Hollinger Consolidated Gold
Canadian Western Lumber Co
preferred
77
8% Mar
25
Mar
Mar
32c
23c
'
Dome
5%.Mar
16,-.'Jan
9c
33c
3,600
38c
Mining
,
Apr
■"#,v,Mar u182
01
31,510
4%
3%
16
*
common-
52%
185
.•
100
Ltd
Cournor
28% Jan
17
Ltd—*
B
100
1
Pap Inv Ltd com—*
•
Vickers
10
,
28%
"l09
Light fe Power Co.
Company
Pow &
117
•
Int'l Inv Trust Ltd
Chateau-Gal
25% Mar
1,177
77
7,100
43,150
38c
23c
Century Mining Corp Ltd
Jan
Apr
Apr
15% Feb
20% Apr
15
Apr
Jan
10c
' 50c
38c
Mines—
Cheskirk
7%
160
13
Apr
18% Feb
52%
14%
—
Canadian Marconi
111
Mar
9c
35c
1
1
——1
Gold
Centremaque
Apr
Jan
5c
47c
1
1
Cartier-Malartic
Apr
26%
104
pfd-. Too
Investments
General
Canadian
Cassidy's
19%
40
118
Apr
Mar
6,800
8c
48c
Gold Mines Ltd
Central Cadillac Gold Mines Ltd
Apr
18% Mar
Mar
iou
Jan
9
16%
38
26%
Ltd..,
Cable 6 % %
Canadian
7%
75
7%
,.100
..
Canadian Dredge & Dock Co Ltd
5%
6,035
40
9%
Vinegars
Canadian
19%
182
i
——...
Canada Wire &
Canadian
Apr
51%
com..
—
Canadian
199
76
*
Canada & Dominion Sugar,.,,—....
Canada Starch Co Ltd common— Too
Canadian
Jan
54
—.
Preferred
7%
177
26%
IT*
Ltd
Company common
Canada
20
20
14
-Too.
Preferred
Apr
195
160
*
Ltd.. —&
Van
British Columbia p & p Ltd
Butterfly
7
'-20
—
Packers
Columbia
Brown
109
•
»
!ioo
—
.....
British American Oil Co Ltd-——
British
Jan
,
Belding-Corticelli Limited
Belgium Glove & Hosiery
Distillers
Mar
93
118
.100
Bathurst Power & Paper class B—.
&
14
1,605
40
preferred
$1.50 preferred
preferred
Aluminum Ltd, 6% pfd
New
Brewers
5,525
8
16%
106
New $2.50
preferred
Jan
9,284
19%
—
—-
preferred
7%
5%
7*
8%
16%
195
common
cumulative
Apr
Mar
:
11c
10c
1
Brazil Gold & Diamond M Corp
106 108%
8%
16%
Abitibi Power & Paper common
6%
High
Apr
v
v
Low
High
Low
Apr
WoK
I,500
18 c
1.38
•30^
3,000
16c
18c
Mines
Gold
Gold
100
1
Bonville Gold Mines Ltd
Bouzan
71c
49C
85c
(Quebec) Ltd—-1
Gold Mines
Bouscadillac
Range Since January 1
Apr
46 %c
71c
97c
Beaulieu
Sale Price
STOCKS—
36c
500
8c
1
Gold
Gold Mines
Beaucourt
Canadian Funds
Lake
Red
Beatrice
Beattie
3,000
23c
7%c
1
1
(1937) Ltd
Aubelle Mines Limited
Montreal Curb Market
37c
23c
*
Ltd
Arno Mines
36c
1
Mines Ltd
Alger Gold
Alta
Royalite Oil Co Ltd
.»
—
20%
20%
50
7c
20
-
COMMERCIAL «: FINANCIAL CHRONICI®
THE
2046
Monday, April is,
over-the-counter markets
Jr
Quotation* fpf
r
pfldajvAprU
■"
Far
Specialists
Qaaialiots
V'ft-ssotSI-ssi •'...
Exchange
Members New York Curb Exchange - *
Firm Trading Markets
Xftabliahed
1926
40
active issues
Exchange Place, New York 5, N, Y.
Tel: Dlgby 4-4950
120 Broadway# New York
C o.
&
Co.;
Members New York Stock
:
Wahii
Real Estate Roads
Shaskan &
over-the-counter securities
250
01
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Member New York Security Dealert Association
Direct
Wires to
CHICAGO
•—
PHILADELPHIA
Reorganization Rails
~
'
(When, as and If Issued)
Bond*—
Investing Companies
Par
3 Mutual Funds—
Aeronautical aecurltlea
Affiliated
Amerex
3 Bid
1
Fund Inc.—
10.06
1V«
Holding Corp
American Business Shares—.1
American
Standard
Oil
Beneficial Corp—
Blair & Co
Tr
lnv
Bond
Boston
of
Fund
1
8%
lOVa
Loomis Sayles Mutual Fund-...*
131.71
Loomis Sayles Second Fund—10
59.98
0%'
107.64
Series
Series
28.41
4 51;42
Bullock
24.16
26.49
Fund Ltd
—1
Ltd.
—1
4.90
«
Century Shares Trusts
Fund
Commonwealth Invest..,M-1
Fund——f
&
5.60
4
& San
1st
151
7.53
:
2,06
29.86
1993
29.90
101%
50-yeat 4s—
75-year 4%s—_——
17.65
2.83
17.18
1
13.38
14.46
7.50
8.24
6.48
8.40
Inc
10
35.50
38.90
10
Aetna
10
60%
——
Life
Automobile
Chemical
11.41
American
Alliance
8.87
American
9.77
10.79
5.21
—
18.14
19.09
Agriculture
1
15.58
10.94
11.27
12.97
Railroad equipment
10.56
11.60
Steel
13.62
7.11
Petroleum
7.72
8.49
Putnam
&
Trading-.
(Geo)
6.02
8.38
Standard
X
1.30
1.50
————100
Incorporated Investors——..8
1.98
2.04
32.45
48.88
*:}<
'
*
Trusteed Industry Shares
Bond Fund series
Union
1.01
1.12
1.21
8.90
25a
A—.
1.04
1.14
,
63
66
1.11
18.32
Investment Co of America—10
35.98
39.11
17,32
24.85
17.67
j
—I
21.87
9.64
Series
Series
29.22
28.13
21.09
...
20.81
—J
78
81
—10
54%
57%
38%
Standard Accident
13%
101%
36%
..10
31%
123%
33%
U S Guarantee—.
Westchester Fire
Hartford
Fire
10
40
Travelers
U S
128%
Recent
-**100
660
Fidelity & Guaranty 00-2
52
-•
9.15
2.94
Cent
3.29
8.05
&
Lt
SYaS—1974
Erie
Vt
Pub
&
RR
Serv
1974
2s
Houston
Kans Okla & Gulf Ry
3%s_1980
Laclede Gas Lt 3%s
—.1965
—.
23 %
Lt &
Pow
2%s
106%
1, 1956-1946
1, 1950-1948
1, 1955-1953.
1%S Jan. 1, 1953-1951.
Texas
100.2
101%
0.90%
;
101
105%
101.2
108,%
103%
April 15,
Other
q|iolafien3 For 0,
Figures after decimal point represent
tDec
15. 1946.
tMar 15 1947
-
tSept.
-
15.
Int. Bate
m*'
1%%
<-4
-
1946—
b0.90
1947
105%
108%
more
32ds of
133
a
100.27
100.28
IV*%
100.17
100.18
1%%
101.7
101.8
'
—
t7/aS Oct.
1, 1946
t%s Nov. 1, 1946-t7/as Dec. 1, 1946
t7/as Jan. 1, 1947
$7/aS Feb. 1, 1947
t%s March 1,
1947
V/aS April 1, 1947
983i
98%
99
1975
106%
Light 2%s_1975
27/Bs
..—1986
105
105%
107%
108 y4
101%
101%
1975
104%
&
100%
&
Tel 3s
Central
Power .2yBs
—1975
Serv
105%
105%
110%
107%
1081/4
105%
106
104%
;
111
107%
&
Lt
Par
4%—
100
(M) & Sons^A—
—.100
Merck & Co $3.50_—...—*
Monongahela Power 4.40%
100
106%
107%
Pow
104%
4V2s
ser
—
108%
109%
104%
105 V*
107
112%
Potomac Edison $3.60..—ilOO;.
Ruppert (Jacob) 4%%
100
Sioux City .G & E 3.90%
100
107
108
109
110
106%
107'%
Union4 Oil
107
107%
(Cal)
$3.75—
•
Ask
0.80%
United States Treasury Bills
Rate* quoted
134
Treasury bills—
April 1'8. 1946__
April 25, 1946
May 2. 1946—
May 9, 1946
May 16, 1946—.
May 23, 1946
Plus
Bid
.0079
.0143
Isk
are
for discount at
purchase
Ask
Bid
Ask
May 31, 1946.
b0.375
b0.375 0.35%
13.
1946
bO.375
1946—
June 20, 1946
im
June 27, 1946————.
mm _
b0.375 0.33%
b0.375 0,34%
mm
f-
mm mm
July 5, 1946
July 11, 1946.——w
bO.375 0.34%
.0127
6,
June
t).33%
bO.375 0.34%
June
b0.375 0.28%
1)0:375 0:33%
—
point
Maturity—
t7/as Aug 1, 1946
t7/as Sept. 1. 1946
98%
Lowenstein
,1975
Mountain States Power 38—1975
Narragansett Elec 3s
1974
Portland Gen Elec. 3 %s—1975
Treasury Notes
one or
A«k
F-1996
ser
Preferred Stocks—
105%
108i/2
101.26
1961
.
-
43%
C
ser
Western Lt
108
Issue*
^Certificates of Indebtedness—
t%s May 1, 1946—
t%s June 1. 1946—
1.09% July 1, 1946
1947
tSept. 15.
K8
tSept. 15. 1948
Bid ; Ask
100.13 -100.14
10041
10042
(
41
104%
Bid
Maturity—
94
Banks—
U S Conversion 3s—,
Panama Canal 8s
,105%
; 101.6
90
,.——,1961
Pacific
,2%s
102%
108
1974
(Indiana) 3%s__ 1975
Public Serv (Okla) 2%s..—1975
Sioux City Gas & EI
2%s__.1975
Bid
100.4
100%
54
62%
—10
.1991
Power
Union
—
108
Montana
Page 2028
2%s
G
ser
Monongahela Power 3s
Ask
Federal Home Loan
.
675
—2:50
....
Texas Elec Service 2%s
112%
112%
..1953
4.07
3.52
Obligations Of Governmental Agencies
l%s Oct
39%
106%
111%
105%
Pwr 3s ser K—1980
2%s
109%
106
—19.75
1
U S El Lt & Pwr Shares A
109
2%s_—. 1975
...I
Pub
2V4s Feb.
40%
132%
59%
Bid
Southern Pacific
Pow
Conn Lt
shares—
Series 1956
FOR NEW YORK CITY BANKS & TRUST
COS.—See
3s May
i
Aik
Minnesota Pow & Lt 3%s—1975
Bid
128
"36%
Security Issues
Bid
Bonds—
Birmingham Electric 3s
California Water 3%s
2.86
North Amer Trust
Series 1955
Federal Land Bank Bonds—
—..10
U S Fire—
Arkansas
D
22.83
B-3
-12%
Security New Haven.
-10
Springfield Fire & Marine .—.25
"
27
97%
i
8
33%
25
Fire
37
Hanover
7y8
31%
10
—...—
(Paul)
34%
23.00
30.85
43%
Corp (NY)— .—2
10
(Texas)
Republic
8
American
13.04
Diversified Trustee Shares—
30.60
——.
41
Reinsurance
Globe & Rutgers Fire com,
15
2nd preferred —
—15
28.92
Independence Trust Shares
B-l
B-2
15%
—10
181
Great
10.54
11.93
Unit Type Trusts—
Keystone CustCian Funds-
—
65
98%
14%
23.91
C
.-rf-
Series
Providence-Washington
62
94%
25.62
B
26.46
20.08
Investors Fund C—
59%
.
—10
—8
—
1.24
1.34
Stock and Bond Grouo shares.
-■
17.08
Wellington Fund—..,
20.14
„
Preferred Accident
61
Union Common Stock Fund B—
Union Preferred Stock Fund
Institutional
V
73%
58%
11%
Series
18.38
104%
22%
Series
"
Securities Ltd—
Group shares
Bank Group shares
Insurance Group shares
100%
Phoenix
Glens -Falls Fire—..
Globe & Republic
8.13
8%
:
Paciflq Fire.—,——. -—23
Pacific Indemnity Co_
-^—10
St Paul Fire & Marine
Seaboard Surety
15.66
Utilities
27%
•
43%
57%
—.8
.17
37%
.
176
—.5
"56%
15%
9.6%
40%
118.56
34%
54
7%
27%
116.22
37%
61%
35%
——10
8
220
35%
33%
26
—-
25%
5:31
—
——100
State Street Investment Corp.—
Fund Ino
Aviation
59%
210
93%
-
20%
18.98
34
*,12.50
-
38%
3.29
Sovereign Investors
7.62
V
River.—
Northern
Franklin
Fire
—8
General Reinsurance Corp....10
Gibraltar Fire & Marine—...10
*
103%
7%
Northeastern
7.7
Revere
•
Selected Amer Shares
6.96
5.47
i.■■■/''.ft/j
69%
North
23%
74.
16%
17.65
—
——
••
41%
25%
.
21%
68.%
1
Fund, Inc.—
—.
^
24
65%
113%
15%
Bcudder, Stevens & Clark
7.38
^
Fife
—8
City of New York
.10
Connepticut General Life—.
10
Continental Casualty^
8
Crum & Forster Inc
10
Fire Assn of Phila—
—JLO
Fireman's Fd of San Fran,.—10
Firemen's of Newark
B
12.20
2%
6.93
Foundation
New Hampshire Fire.— —vie
New York Fire
.8
Fidelity & Deposit of Md——20
1
6.71
Common
New Brunswick
7?
9.11
..1
6.30
Income
Camden
85.
73%
15.10
10.56
r.2.
81
10
—
8
Federal
18
Fund
RR Equipment shares
Railroad stock shares**—
— — *,»«
10
7%
10.76
9.61
Republic Invest Fund
..
National Union Fire—
New Amsterdam Casualty
20
—2%
—.28
20.14
11.10
4.30
.
-2
Casualty
9.79
14.95
Railroad
3.90
.
73
Liberty
8.28
9.96
Railroad Bond shares
■••••
32%
70
10
National
Employees Group—
Employers Reinsurance —.10
—a.
6.46
Huron Holding Corp w.—Km m —
;
:
30%
National
National Fire
v
13.76
.
10.74
6.33
(Detroit)—10
24'A
18.35
_—
11.81
shares-
6
80
15.41
Metals
9
5%
48
22%
13.51
Merchandising
8
77
14.03
stock
4
4
Fire
45
12.30
10.60
shares
Merch & Mfra Fire N Y
28
13.02
Machinery
19
32
—10
18.45
9.65
TTtllitv
—10
/„
11.85
Insurance
Steel shares-
Reserve
Surety
16.81
7.28
Tobacco
American
15.93
10.15
17%
99
8
Automobile
13.30
14.79
1
12%
Monarch
14%
38%
12.11
—
Casualty
22%
36%
14,51
9.24
shares—
13%
20%
10
Diversified Investment FundDiversified Speculative
equipment
43
25%
2Va
Re-Insurance
18.09
6.62
Petroleum
Massacnusetts Bonding
Merchant Fire Assur
16.48
13.48
,
Maryland
13
Boston
Electrical
—.
17%
109%
40
12.92
8.57
Merchandise shares..
Mining shares-
16
106
37
13.03
7.80
LowPrice Shares
10
10
20
Fire
27%
17.48
9.60
.Investing
Homestead
Insur Co of North America
25JA
11.76
Electrical Equipment—,——.
-
56
11%
11.86
—
35%
34%
Chemical
10.88
Ask
49
33%
S
23%
15.92
———
—
stock—
Bank
Building supply—
Business
Equipment...
12.11
Industrial Machinery sharesInstitutional bond shares—
10.41
_
Bid
46
Home
17.11
9.47
Par
Hartford Steamboiler Inspect..lO
63%
4
American
i
——,—
Aviation
6.76
11.29
shares—
--
10
Baltimore American
Bankers & Shippers.
8.74
bond
-
88%
American
Food shares—.——.——..—..
General
...
Companies
100%
American of Newark
5.78
8.52
Fully
-
-
Casualty
—5
American Equitable—.
_5
American Fidelity & Casualty-8
5.77
5.20
7.70
series
11.03
shares...
61
T—.
,
54
American
10.28
Administered
27
^
85
Automobile
7.08
shares.
shares.
25
59
«««
—
Jersey Insurance of N Y
6.33
shares—
Aviation
Building shares—
71
10
8.08
series
New York Stocks Inc—
50.07
9.90
34
69
28
Agricultural
10.28
stock
New England Fund
Group Securities-
shares,
32
Ask
97
Aetna
Speculative series
8.01
Bio
Aetna Casual & Surety
Low priced bond series
Low priced stock common—-
Automobile
Agricultural
corn-
87
85
Par
—
9.33
Fundamental Investors Inc—.2
6.43
103%
7.17
Fund
Securities-
shares
Stock
61
7.03
Grande
79 y4
——.———.
e„«
Bt Louis & San Francisco com—
Insurance
19.29
16.01
Invest
Preferred stock series
32.20
2.58
General Capital Corp—
General Investors Trust-.
103
a.
45
77%
10.31
Industrial
19.19
Fidelity Fund Inc..
——*
financial Industrial Fund, Inc.
First Boston Corp
—10
First Mutual Trust Fund——.6
Fundamental Trust shares A—2
101
& Rio
TTefpwed
Tn,,r«
43
Francisco—
19.12
—
58%
.
83
*
,
,100
34.75
—-
25.60
1.87
17.95
Denver
99
•
81
,
.—
—
9.38
National Investors Corp...
27.93
1
97
.
■
preferred
61.20
National Security SeriesBond series
Income series
———
3,250
1
Fund
Stock
Common
Preferred
Louis
Income
17.78
Balanced
.
>
Chicago Rock Island & Pacific—
5%
2018
4V2s
1st 3-4s income
8t
9.45
32.32
Natlon-Wide
25o
—
Fund
107
~income"4%s—II1—2019
Income
8.45
1C0
Mutual
Howard—
Balanced
105
1994
Selected series
Eaton
1
85
Denver & Rio Grande—
7.63
Common
16.95
6.93
83
Ask
—
Manhattan Bond Fund Inc—
38.59
23.68
.1
—2003
—
—
8.51
Fund
Mass Investors Trust—
A
Mass Investors 2d Fund—I
35.89
Christiana Securities com—-100 3,150.
Preferred —————,**100
144
Dividena Shares
6-4
15.65
1
„
S-8
102
112.13
47.56
Delaware
17.48
Knickerbocker
7%
America
Fund
20.59
15.88
44.47
20,42
lnv
18.73
—
21.35
—8
Chemical
——•
12.87
9'A
Broad Street Invest Co Ine——8
Canadian
36.41
19.86
——1
Inc—
33.15
5.89
Series B-l—
Series
8-2
Cony
24.63
34.16
41.36
1
12.83
22.46
—
8%
Houghton Fund B—
1st 4s
31.07
K-l
K-2
11.86
shares..
Axe-Houghton Fund Inc.—
Axe
Series
Series
5.38
Foreign Investlng-100
Assoc'ted
8.07
Bid
Stocks
100
Chicago Rock Island & Pacific—
Keystone Custodian Funds (Cont. )11.68
Scries B-4—.
42
40
Ask
.
——1983
2nd 4V2s
Alk
Bit
Par
11.04
7.38
—10
1st 4s
Ask
^
Bid
Chic Indianapolis & Louisville—
0.35%
bO.375 0.35%
bO.375
0.35%
bO.375
0.35%
0.35%
bO.375
.0196
.0186
.0250
.0189
.0278
.0241
.0316
.0297
.0389
.0351
.0529
.0456
.0598
.0512
.0673
.0562
.0738
issue,
.0459
.0403
fcHpS,?vpH ti s/Si, J™dPrice-„c Cash sale, d Deferred delivery,
t fi stnnt
t Ex-stock dividend.
/Canadian market, s Cash sale—not
(Un) Unlisted
V
,
.0620
.0811
Formerly
•No
HEx-50%
•
§Stock
Auto
Co.
the
par value,
stock
Chicago
Shaft
Ex-dividend,
y
Ex-interest.
fFlat pnce.
included in range for year-
e
Ex-rights.
Corp.
tThese bonds
are
subject to all Federal taxes.
dividend.
distribution
for each
Flexible
tin default.
x
two
of
one
additional share
shares held
issued
March
of
$10
29,
par
1946.
capital
stock
of
Four
Wheel Drive
i946
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING APRIL 5
Last
Range
Sale*
for Week
Sale Price
of Prices
Shares
Week'*
Friday
STOCKS—
7:
.
.
:
Friday; ;•
s-
Week's
Bale*
-
Par
Lust
r•';>
for Week
Sale Price
STOCKS—
Range
of Prices
Shares
; '
far
Bandini Petroleum Co.j,
——I
Barker Bros. Corp. common——
*
Berkey & Gay Furniture Co.—I
Blue Diamond Corp—
Bolsa Chica Oil Corp——
Low
"
California Packing Corp. common.—*
„
Investment Corp
—100
Aircraft Co.1
Chrysler. Corp
_———5
Colorado Fuei fit Iron. Corp common..'*
Preferred
;—
20
Consolidated Steel Corp. common
*
,.155
9
,
,
__
al8
21
—
Creameries of America,
Inc
1
30
Aircraft Co., Inc
♦,
98%'
Industries, Inc
50c
27% '
Electrical Products Corp-,*
4•>..-» 15%
Emsco Derrick fit Equipment Co
5
—
Exeter*Oil Co., Ltd. "A",——1
1.05
Farnsworth Television fit Radio Corp. 1 5
...
Fitzsimmons Stores, class A1 \
9%
Fnods,
Hunt
27 27%
15V4 ,15%
13"% 13%
1.00 1.10
ilfi 16%
8%
9%
Oil
Jade
Co
—
1.50
a37y8
1-60
8y8
GOA-^^—--——-——-^-1
Menasco Manufacturing Co
1
Merchants Petroleum Coj—1
Oil
Mascot
—
Pictures Corp.
——1
Corporation, Ltd—1
Nordon
1
Oceanic
Inc
Aircraft,
Occidental
-1
--1
Corp——
Petroleum
Co—————
Oil
Products—...
Pacilic Finance Corp. common
Pacific Gas & Electric common
Pacific
5%% 1st
pfd
Pacific Lighting Corp.
5% %
Warrants
qo—
59_%
10%
1,
65c
15 %
Safeway Stores, Inc_i._
Company
1<
,--5
.30
15;
.
—
Shell Union Oil Corp——
Sierra
grading Corp..—
Signal
Petroleum . Co.
Calif—
-
...——
.
.
__
30
31%.
8%
19%
Jan
f
.
1,319
.
2,744
9%
20%
3iy8
15"%
104
&
26
Feb
Jan
27% Mar
31
76
1.90
1.35 Mar
28
Mar
27
33
Jan
39%
10 y8
20c
Feb
30c
Feb
207/8
1,50
42 y2
Jan
1.05
Jan
Feb
Feb
60c
8
Jan
10%
Apr
37c
Feb
14%
I
■
.
Mining Stocks-,-. /
,
Gold Mng. Co
Black Mammoth Cons,
footnotes
Jan
Co of
Tel
2.80
6c
:
al7c
.
.
fit
12
Feb
16 V2
Redemption Galls and Sinking Fund
16%
common
41
Jan
44%
Jan
Jan
40%
Feb
I
Feb
59
63%
called
redemption,
for
NOTICES
TENDER
OF
RR„ & Navigation
Apr 22
-May 6
Feb
Co.—
>
due 1946
1st
St-
morteaee
>'
Louis
Public
•
;
PARTIAL
-
17%
4%
1st mortgage 3%
s,
Feb"
10
Feb
25%
Feb
30 y4
53 %
Jan
31 y2
Jan
Feb
3% Mar
8
American
Aviation,
American
..
Jan
'
Feb
Jan
23%
30%
35
Jan
r*.
U*;
VmmXH
Jan
7% Mar
Mar
23%
Apr
101
19%
Feb
23% Apr
12%
Feb
"
*33% Feb
24%
25
200
21
Feb
25
a49
661
46%
Jan
51% Feb
a52% a53%
84
60%
Feb
50%
Jan
Apr
Feb
a84% a84y«
4
11%
12%
725
11%
59%
59%
275
59%
Apr
15%
a39J/4
16%
265
13%
Jan
20%
Jan
15% Jan
'
59% Mar
36% Mar
41%
Feb
170
23% Mar
31%
Feb
a55% a56%
193
50%
55%
Feb
13% 14 %
a38% a38%
__
60
a25V4 a26%
__
1,000
Apr
13
,100
13
49%
168
47
193
76%
3%
3%
1,125
27%
27%
28 %
1,158
al3%
14%
Jan
13
5c
1
11% Jan
49%
__
■»
Jan
33%
25
a9Q% a927/8
__
__
10
.
a377/8 a39y4
__
■»
Inc
50
Jan
"80
3% Apr
26
Feb
13% Mar
Jan
v
Feb
>39
Jan
Feb
;
3% Apr
Mar
35%
Jan
al3 al3%
185
13% Mar
16%
Jan
35
35%
826
31% Mar
35% Apr
19%
25% Apr
__
Company..
■*
25%
24%
25%
482
Motor Car
*
...1
10%
10
78
10%
2,895
175
Apr
Oil
Pure
Company
__
50
9c
Mar
19c
Mar
30c.
Mar
17%
Feb
20%
Feb
26
Apr
Sears, Roebuck fit Company
Jan
Feb
Standard Brands, Inc
Jan
Standard
Feb
Standard Oil Company (N J)—
Studebaker Corporation
17%
365
a4G% a4iy«
a62% a62%
25V4 26%
—
Feb
' Mar
10
60%
12*/» Feh
Jan
43
-
266
36
37%
78
Apr•
47"
-
Feb
'
Jan
Feb
42% Feb
1,232
20%
Peb~
16%
33%
18
35(4
1,363
15%
Feb
18%
Jan
31.
Jan
39%
Feb
43%
26%
437/a
1,211
36%
Jan
44% Feb
17% Jan
■
Jan
21
a41V»
*
*
:
78
44
44
25
♦
-1*
65., Feb
34% Mar
14c, Feb
'
.
33% Feb
32 y4
31%
29% Mar
-
55% Mar
65%
'
—
Swift
16%
a52
27
Jan
27
Jan
Union
33%
Jam
12%
Apr
15% Mar
130
47% Jan
44
243
38
298
65% Feb
68%
31
940
30%
Feb
33% Jan
a38% a39%
145
38% Jan
39% Feb
160
53. Mar
50% Mar
-
—25
..
Co
Oil Co
10
..
Carbide
fit
Carbon
all6%
Aircraft Corporation
Corporation (Del)
U S Rubber Company
i,
■,
United
United
Jan
Steel
S
^
*
,—.5
<■
..10
Corporation..
Bros.
Pictures,
.15
Itfc
Western
Apr
8c.
Jan
24c.
•
47%" Jan
Feb
-1
.
44
Mar
Jan
58% Feb
50% Mar
.
385
19%
Feb
182
100%
Feb
36~
Jan"
22%
all6 all6%
al60% al61%
Apr
a28%
80
a30
6%
a77
1,025
a82% a86%
7
110 Mar
395
80%
31% Jan
v
5%
a70%-
85
4%
36%
Jan
7%
Jan
Jan
204
Feb"
96% Feb
Feb
Warner
Jan
'
Union Tel
Co.
a40%
a42
175
..
Westinghouse Electric Corporation-12V?
Willys-Overland Motors, Inc.——....I
Woolworth Company (F W)
10
20c.
.
20
•
;
," f
Feb
18c.
Jan,
a28%
6%
a76V2
*
Jan
dan,
12c
2.05 Mar
30%
a59%
a61
a53% a53%
;22% 22%
..25
Assoc
2.80
120
Jan
1,781
a52
Corp
*
Union Pacific Railroad Co...__.__.100
35% Mar
Feb
16%
a7Q% J a68% a70%
25
.1
16
44
Jan
y2
Apr
17% Feb
Mar
Water
825
a50
Gulf Sulphur
Feb
14c
15
*
25
...
(Ind)
Company
Texas
21
6c
Company
.*£26% Apr
,
*
Company—
Texas
23%
8%
&
America
Company
Jan
22%
Tide
33%
Oil
; f 21% Jan
Feb
16
Oil
Socony-Vacuum
"
■
•
Corporation of
Republic Steel Corp
Apr
.9% Jan
18"% Mar
30
,
Radio
52 y8
Feb
7% Feb
42 %
16%
..
39%
.
30% Mar
38
38%
390
37% Mar
51%- Feb
35%
407
33% Mar
39%
25%
?4%
25%
25%
a57% a58%
352
...
class A—*
Page
Date
debentures due
conv.
1
.Jun
debentures due 1950
conv.
:
.
'
annnm.
.
•
.
1863
1
due. 1952. .May
1
1730
1
1570
1961
.Jun
S
due 1970
....—
.May
1869
t
a57%
20%
'
Feb
53
92
40% Mar
Feb
Jan
26%Jarf
57% Mar
19P7
Date
,
1
1
1
1
———
.Apr 20
stock
.May
.May
Co.—
1871
1732
1909
1910
1617
-
income bonds, series A, due
2014_ _May
f—1912-
CALLED
$5 preferred stocks
Superpower Corp., first preferred stock,
Power
Co., $7, $6 fit
Date
May 18
Jun 1
i-Jun- 1
.Corp., 5 % preferred stock—Apr
Certain-teed Products Corp., 6% prior pref. stock—.-Jan
Cherry-Burrell Corp., 5
preferred stock—1——Apr
o_.
*853
Commdnwealth
——------—i -Jun
.
1
Gas
Corp.—
.
>#856
1
income
25
1
^0
y
debentures due 1948
Commonwealth Loan Corp., 5% preferred stock
Consolidated Steel Corp., $1.75 preferred stock
3%
1718
—
May b
May 4
July 1
Page
*
1718
Ry.—
1856
1723
1859
•
1562
1726
1865
-
July 1. '47
July 1
.^July 1
gen.
1st mtge. 3%s, series A,
Hartford Times, Inc.—
6%%
due 1968
___Jun
cumulative preferred stock
10-year serial 2.15%-3%%
debentures due
preferred stock—
Hunt Foods, Inc., 6%
Hydro-Electric Bond fit Share Corp.—
30-year 5% 1st collat. trust bonds,
Lake
Shore Gas
51513
/. *
*
3
1866>
1
1866
1
1866
_May
1940-50—May
jun
1
;
May
1
1285
May
1
1
series A
May
J
1966
•
May
—
1286
.1286
<■"
y
1
Mountain* States Telephone & Telegrahh Co.-<~
■
,
2V4% 4ehentures due--1960!#>—.——Jun ; £
Clock
Co,—
#nV;'
.
>
,
1867
McLellan Stores Co., 5% convertible preferred stock
July 8
Merck fit Co., Inc., 5%% and 4%% preferred stock
Jun 17
Miller-Wohl Co., Inc., 5% convertible preferred stock—May 1
Haven
♦
•
1st mtge. 5%s due 1950
Ry., 1st mtge. 8s due 1959
Co.,
Litchfield & Madison
Lowell Gas Light Co.—
"1st mortgage 4%s, sefies A: due
1570
1431
v
;
1868
V1
6%%
cumul. convertible preferred stock, series A—Apr 20
Nineteen Hundred Corp., class A stock—
—May 15
Northern New York Utilities, Inc.—
1572
1870
**
<
1st lien &
18*7
1723
1861
1157
1863
Hackensack Water Co.—
New
52142
Pag*
Northern
7^
bonds, series A, due 1946««^-,Any time
52822
4uft#947#^^Any^^time
J2822
1
1732
^ *°nd!^aeries
Utilities Co.,
Ohio leather Co., 7%
1st mtge.
conv.
bonds due 1968—May
preferred stocks—v
.inly
Pennsylvania Sugar Co., 4% debentures due 1952
^jruly
Potomac Edison Co., 7% and 6% preferred stocks
May
Quebec Power Co.—
—,
^
*
1
945
1
819
d»'eT96S-Apr 29
1778
'
I
1723
1858
———May
due 1951—Any time
Central New York Power
,w.
—May; 1
Date
mtge. gold bonds, series E. due 1977
General mortgage 3%% bonds, due 1970—
General mbrtgage 3%% bonds ,due I960
uj._
1732
1615
1
.May
series due 1965
Transit Co.—
5% debentures, series B, due 1975
Btitte Electric fit Power Co.. 1st mtge. 5s
11^9
t,
1.
—May
Northern
Great
r
ft
3%% debentures due 1959. Apr 15
pipe line bonds, 3%
mtge. 4%%
American
Page
—,—Apr 30
Company and Issue—
Detroit, ^Toledo ft Iron ton RR.—
1st mortgage 4s, series A, due 1967
Jun
1
Elastic Stop Nut Corp. of America—
15-year 5%
debentures
;
—Apr 15
Fair, 6% preferred stock
May 15
Gardner-Denver Co., $3 curaul. conv. preferred stock—May 1
Gorham, Inc., $3 preferred stock
May 15
4%%
.May 10
.May
Company and Issue—
■
•
•
Foods; Inc^ 5% debentures due i960——.-May 1
vnesarpeake ft Ohio Ry.—v ?. ^:
•;
--r
' ; '•.T
Ref. ft
fnprov. mtge. HYz'fr bonds, ser. D, due 1996_Mayvl
*
.May
& Transmission Co.—
Gas
mtge.
Alabama
Apr 22
>
-
series A, due 1967.,
Corp.,-1 prefer red stock.
1858
bonds due 1960 .May 15
Pennsylvania Water & Fower Co.—
ReL mtge. fit collat. trust bonds, 3%% ser.
Ref. mtge. fit collat. trust 3%s due 1964.
Philip Morris & Co., Ltd., Inc.—
20-year 3% debentures due 1962
20-year 3% • debentures due 1963
Squibb (E. R.) & Sons, $4 preferred stock
Standard Cap & Seal Coip., convertible pref.
Gen.
-
5%
Western Pacific RR.
Anv time
REDEMPTION
^ Howejl Co., '4% % preferred stock
"lcaeo
4%
32%
Feb
17% Mar * "
753
__
18
Company
Company
Paramount Pictures, Inc...
Pennsylvania Railroad Co
Phelps Dodge Cormporation
Pullman Incorporated—
ENTIRE ISSTJE8
income bonds—.
Atlanta fit Charlotte! Air Line Ry.—
1st mtge.:
3%s due 1963——
WG
27%
'
1,045
8
Packard
Jan
14 y4
'
1st
^2822
•/
Ajreon Mfg.? Corp.! preferred stock—
,
530
Ohio Oil
Jam
"
,
T
Alabama Great Southern RR.—
22% Feb
35%- Apr
-
.
Jan
Universal Pictures Co., Inc,,
'
and Issue— u
Feb.
2% Jan
24
__
1
fit
Baltimore
Company
201
6,695 '
10
a46%
<
__
*
§2822
1947—....
Service Co.,'4%
*
..Any time
———
,
4^1 bonds due
*
1730
*
1946-—————.Anytime
Short Line RKr-
:
Con8ol. 1st mtge...5# bonds due
pt. Joseph fie Grand Island. Ry.-r
•
31%
-■1
23%
12%
7
North
Apr
65c
-52%c Mar
Tennessee
dua 1950.—...Apr 15
bonds due 1955—Apr 25
cortsol. mortgage ooncts
Oregon
Apr
13% Jan
,
Page
Date
(dollar)
let mtge. leasehold 6%
bonds:
Monon Coal Co., 1st
mtge., 5% income
4%
34
Jan
Mar~"
23%
6
.May 1
series A, due 1953
National Vulcanized Fibre Co., 4%% debs, due 1960— .May 13
-
♦
,
Marcyv
Oregon
Feb
10%
20
Jari
,
7%
23%
a52%
*
1st lien eollat. trust 5s,
.
.
debentures due 1968
Conestoga Traction Co., 4& bonds due 1950.—
incwne
54
22% Feb
73% Mar
65
__
♦
National Gas & Electric Corp.—
Chilean Nitrate & Iodine Sales Corp.—
5%
Canada
North
Feb
11%
54
8"% Jan
51
20-year 3%
stocks
Company add issue— /:>■'
26%
248
__
*
Central Railroad Co
N. Y.
Macy (R. H.) fit Co., Inc., 2%#• debentures
Minnesota Transfer Ry., 1st mtge., 3%s
including those called under sinking-fund provisions.
The d^te indicates the redemption/pr. last date tor tnakfng tenders, nnd tlie page numbPF gives the loc^itiont to
which the details were given to the "Chronicle."
:
a45
23%
■>
Company.
Robbins, Inc
Ward fit Co., Inc
Mountain City Copper Co
Clyde Porcelain Steel Corp., 5%%
Firestone Tire & Rubber Co.—
be found a list of corporate bonds, notes,
and
a44%
__
1
Montgomery
Feb
Cities Service Co.,
Notices
preferred
a28
19 %
a35a38y8
a48%
Libby
fit
Company and Issue—
Below will
a28
17%
._
1
Inc
McKesson
Jan
Jan
39%
300
1,000
2,000
1,180
5,000
700
35%
4%
a38V8
5
Corp
McNeill
Libby,
Loew's.
2.70 Feb
t
•
4'/a
__
5
Co pfd
^ 35%
Jan
73% Mar
22
Feb
33% Mar
an
2046.
page
see
n
9%
14c
12c
8%
,14c
,12c
2.80
2.40
.• 6c
—
a!7c
—
57
__
Kennecott Copper Corp
Mar
13
,
1,275
—
1
Magnavox
i
12%
4%
Corp^.
Tel
U
-
.
10
Mng Co—..10;.
Cardinal Gold Mng. Co—
1,
cons. Chollar G.}& S, Mng Co
1,
Imperial Development Co.,> Ltd
25, .
Zenda Gold Mining Company.;
25c
Alaska Juneau
_25
.*
Co...
Nickel
Jan
Mar
1.40
:
11%
365
''' >^.
29% Mar
112%
18% Mar
203
12%
a22%
»
:
•
*
■
Corp
34
a20% a22%
*
<■
»
f
Corp
a75
34
-
—
...1
Company
19%
J
52%
74
19%
: ';ft737/8
10
&
Northern Ry
187
a53a53%
.
-*
__
■*
Apr
75c
11%
"
a53%
l_._25
Electric
Int'l
Jan
45c
:
33
115
_
Power
Int'l
Apr
21c
6%
,
50
a52% a52%
a31%
1
Interlake Iron
1,55 Apr
8% Jan
37c
:
a31%a31%
i
38% Jan
Jan
5
Great
Jan
a30
14 %
30% Mar
h
Jan
1,15 Feb
37% Feb
39% Mar
Feb
5
Co
Graham-Paige Motors Corp
Jan
17%
.
a29V4
482
98
5
Zellerbach
(B F)
34
22%
Goodrich
Feb
Jan
Jan
115
Light Corp
Company.
General Foods Corp
Jan
1.55
1.05
Feb
9%
229
Electric
Feb
34%
a52% a52%
General
Mar
32
a30
Electric Bond & Share Co
Jan
..
8% Mar
.
Feb
15% ^"0
Jan
85
275
12%
12%
al06% al02% al08%
15
Class A__
Jan
Feb
Mar
109
80
51
-
Jan
♦
Corp
(Del)
Co
12%
5
Cforp
Curtiss-Wright Corp. common
Apr
91 y8
Oil
Crown
Jan
61%
83
.
Continental
Feb
Aircraft
Motors
;.\v
43% Jan
75
1,145
-
5
Southern
Cons Vultee
Apr
79%
21%
69
-
Edison
Commonwealth
Apr
194% Feh
45
15%
a!02% al05%
a40 a413/4
13
Corp
Corp—^—
Solvents
a71 a72%
14%
__
fit Electric
Commonwealth
Jan
Jan
.155
2,206
1,650
300
31 %
a29 % a307/8
9%
70% Mar
695
420
1,634
.
Commercial
19% Jan
Jan
10%
344
:
Jan
Mar
14% Mar
Gas
Continental
.713
~
Feb
1.25
Columbia
Feb
14%
8
40
132
15,000
1,033
100
1,238
20%
85c
.
vtc
...
Pacific Railway
Caterpillar Tractor Co
Cities Service Company
186% Feb
Feb
68%
66 % Mar
724
23
•
'
Corp
Canadian
Apr
13% Mar
J}0
210
-
.
14% Mar
4,300
,1,918
'
100
19 y4 19%...
a57%a59%
.
26 26%
*
27 27% 16%*
17
.
For
Apr
33 y4
50
820
8,143
31%
—I
.mJ
—50c
—
2 . 19%
Inc-.S ~a58%
Union Oil Co. of Calif, common
25
26%
Universal Consolidated Oil -Go^10
-Van de Kamp's H. D>Rakers, Inc
*"
—
Weber Showcase & Fixture 1st pfd—*
•
31%
Westieyh Air Lines, Inc.—4
1
—
A
98%
657
19%
26
37%
297/a
.
Sunray Oil Corporation
.
Apr
Mar.
24
200
16,850
120
100
16,323
60% 60%
51% -52%
.
31,
98%
100
; 31
•
Textron, Inc—,
Transamerica Corporation-—
Transcontinental
Western Air,
45% Feb
32% Mar
1,331
19%
; 26
36%
—
.37
31%
Jan
160
191
*
•
—
3
Company—.
Corp
Steel
68%
a46% a47%
__
25
Boeing Airplane Company
Borden Company (The)
Borg-Warner Corp.
Feb
22%. Feb
Oil
Works
68%
15%
100
Aviation
Bethlehem
Jan
24
34%
.
23%
30% Jan
-
Bendix
Apr
Apr
16,200
:
136 J/4
Locomotive
Barnsdall
Feb
Jan
1,249
;
9%
17 y4
7,999
12,954
400
-
Jan
Jan
Apr
21
'
.
6%
120% Mar
13,275
43
65c
Southern Pacific Co.—60%
Standard Oil Co. of Calif——J
—-52
■
Jan
30% 30%
-25 '.
-25,
—-
176
6%
3,700
485
.
.60
61
a35%
a36
, 9c
10c
28c ^SOc
.61
a35%
*
Solar Aircraft Cq,.——
1
So/Calif. Edison Co;, Ltd;—,—25,
,
Jan
•
Siirclair Oil Corp^.
-"6.^,.pfd. class B5-%-% -pfd class. C~.
114
351
522
300
95
1,604
.
25c
1,
:
-
16%
3%
.3%
V
^4
Baldwin
1,030
1,028
400
506
11%
r: 53
10 %
53
57,%c
16
.
*;
--
Aeronautical Co——;
Security
—
*
1
50
«
Richfield'Oil Corp. common—!
Ryan
—
a44y4
common—.—
pfd
Ranch Oil
Rice
-
common
Republic petroleum CO
>
50c
50c
1.80 1.95
15
15
15
15
a42% a44%
a40% a40%
59 .59%-
1.80
10
25
25
s
9'% 10%
21c
27c
14 14%
—
Clay
Jan
212
—
Northrop
45
-
.5
fit
345
__
50
Armour
Jan
High
Jan
20%
190%
..
14
Anaconda
Jan
7%
Feb
5% Mar
48
3,700
10
21c
Monogram
Jan
8%
8%
28c
<
41
1.15 1.20
27c
30c
10%
20
1,40 1.50
a37y8 a397/a"
1.45
1.60
7%
8y8
47c
49c
8%
1.20
.
1
10c
—1
Corp
Aircraft
Lockheed
35
10c
Co___i
Petroleum
Lincoln
—
—10c
Co
Lane-Wells
—
31% Feb
-
29%
72'%
,86
1.45 1.50
a31 a337/s
35
35
1.50
Viscose
62
6%
6
low
17%
20%
__
^__I00
Feb
53% Mar
207/8
*
Co
Jan
192
379
1,160
60
5,400
608
1,010
-
15%
72%
23y4
30
76
88
72
.23
30
76
1
Hupp Motor Car Corp—r
-Intercoast--Petroleum Corp
14(4
—
*
6.66%
Inc.. common
31
,
Amer
Tel
31%
Jan
4% Mar
805
500
3,130
«-v
15%
1,
;
32%
-
Amer Tel &
Jan
•
Corp
Copper Mining Co
Company (111.)
A T & S F Ry Co
Atlantic Refining Co (The)
Aviation Corporation
42
370
98% "98%
Douglas
Dresser
Corporation (The)
2
General Motors Corp., common
10
General Paint Corp. common
*
Gladding, McBean & Co.—
*
Goodyear Tire & Rubber Co. common."*
Hancock Oil Co. class A common
*
*
41%
32%
27
__
Garrett
al8
21%
40%
—
•
Amer Rad & Stand San Corp
Amer Smelting fit Refining Co
High
6%
3% Mar
Range Sine* January 1
High
'
104
,
.
a42% a42%
155
155
9
9V4
135% 136%
__
tow
:
Low
Stocks—
50
129
520
396
30
7
5%
-62
5% '
§7
Range Since January 1
2,905
380
; 500
4,300
3,280
1,881-
"
a34% a35%
central
'
■
5
6%
7
5%
61
Store, Inc. common..1*
Byron. J ackspn ,Cp.———*
Holly Development Co
Hudson Motor Car Co
Utah
5
—.
2
1
Preferred
•
4% "
4
4V4
a60%
a52% a60%
Broadway. Dept.
Cessna
*
■
Unlisted
Crescent
Public
Service Co.—1
income bonds, series B, due
Collat. trust 6%
Dennison Mfg.
Co., prior preferred stock
1954—.May
1
—July
1
1861
1861
collat.^^
trust;feonds,; ser/
(Contirmed
on page
2050)
THE COMMERCIAL & FINANCIAL CHRONICLE
2048
:S3^Jih>:'
'
■»;:
Monday, April 15, 1946
'CrivO-
April 6
Week Ended
Federal Reserve Districts
1st Boston
—
York_—__—
2d
New
3d
Philadelphia
4th Cleveland
5th Richmond
6th Atlanta
;
—
—
7th Chicago
8th St. Louis—•
9th Minneapolis
10th Kansas
11th Dallas
City
—
12th San Francisco
——
We also furnish
the
month
today
a summary of the clearings for
For that month there was an
March.
of
Richmond Reserve District by 11.8% and in the Atlanta
Reserve District by 15.1%.
The Chicago Reserve District records a decrease of 1.9%, but the St. Louis Reserve District registers an increase of 11.4% and the
Minneapolis Reserve District of 20.7%.
In the Kansas
increase for the entire body of clearing houses of 9.3%,
the 1946 aggregate of clearings having been
$57,590,-
871,734 and the 1945 aggregate $52,687,778,009.
In the
New York Reserve District the totals register a gain of
City Reserve District, the totals show an improvement
of 12.6%, in the Dallas Reserve District of 15.4% and
in
1.6%, in the Boston Reserve District of 9.0% and in the
Philadelphia Reserve District of 9.0%.
In the Cleveland
Reserve District the totals are larger by 4.9%, in the
Month of March—
1946
1945
$
$
Federal Reserve Districts
1st
Boston
14 cities
2d''
New York
14
"
3d
Philadelphia
Cleveland /*
Richmond,
16
"
4th
5th
6th
St. Louis
"
8
Chicago
8th
2,090,920,806
31,834,838,508
3,488,254,423
2,898,325,845
1,507,212,493
2,292,888,082
4,594,105,923
1,613,396,150
1,145,588,964
1,987,715,620
i
17
Atlanta
7th
16
"
31
—
"
7
"
9th
Minneapolis
10th Kansas City
16
"
15
"
11th Dallas
11
"
12th San Francisco
19
"
Outside N.
—
Y.
the San Francisco Reserve District of
—
1944
or
Dec. %
1,917,658,549
28,519,264,624
3,199,553,294
3,048,635,066
1,347,955,855
1,992,004,000
4,682,539,043
1943
$
$
9.0
1,781,844,089
+11.6
25,920,328,646
+
9.0
3,060,212,617
+
4.9
2,853,847,378
1,252,000,115
1,862,404,447/
4,586,078,826
1,328,850,585
907,052,374*
1,671,329,301
1.124,814,875
2.264,398.371
+
+11.8
+15.1
1.9
—
1,448,074,983
+11.4
948,940,109
1,765,445,409
1,306,218,174
2,511,488,903
1,507,435,333
2,630,189,587
City.
Inc.
4.7%.
+20.7
+12.6*
+15.4
4.7
+
1,863,636,467
21,600,225,687
2,957,057,254
2,723,120,451
1,185,255,796
1,618,546,199
4,224,365,339
1,234,587,933
871,266,657
1,583,637,928
1,012,596,337
2,192,416,446
26,389,409,**3
We append another table showing clearings by Federal Reserve
Districts in the three months for four years:
_
,
Three Months
.
Federal Reserve Districts
1
Three Months
Boston
-14 Cities
2d
New York
-14
3d
Philadelphia
4th
Cleveland
5th
6th
Atlanta
7th
St. Louis
Minneapolis
10th Kansas
"i
-
«.
5,787,005,180
+11.0
13,294,588,179
13,361,834,348
I'iw'liS'inn
4,093,166,307
2,729,118,120
«
City_.
Total
—
0.5
+10.4
+ 28.1
4,948,356,453
+13.6
3,725,621,394
+16.4
7,081,311,604
+
167,711,880,646
151,702,590,084
70,892,631,032
«.
184 cities
City
1.8
+11.8
76,454,078,586
-19
—
following compilation
$
7.9
1943
%
5,321,701,922
73,029,585,976
8,600,794,519 8,155,329,681
3,596,803,043
5,349,468,811
13,097,220,211 3,849,471,282
2,691,99 4,215
4,774,364,596
3,232,804,171^
+12.6
£337,259,505
7,638,330,246
«.
12th San Francisco
Outside N. Y.
+11.7
—
Three Months
1944
'-•••
+10.5
+
I
11th Dallas
The
8,916,190,738
8,484,462,064
3,888,748,439
4,346,672,546
•~i?
-31
Chicago—
8th
9th
or
8,330,763,178
8
-
Three Months
Inc.
Dec. %
5,477,909,093
83,268,866,344
«
-17
-
$
6,120,678,349
93,726,707,627
"
"JS
.
Richmond
1945
$
1st
1946
$
4,976,597,890
58,436,914,141
7,922,617,698
7,293,655,916
3,235,771,351
4,404,706,088
11,407,311,569
3,400,551,622
2,266,336,591
4,201,917,279
2,756,544,498
6,6j07,945,291
5,864,291,912
+10.5
138,307,483,718
116,167,216,561
7.8
67.596 768 723
59.732,326,002
+
the clearings by months since Jan.
1,1946 and 1945
covers
MONTHLY CLEARINGS
•
.
Clearings, Total AH—
.
Months—••
;
'
194S
'
.
January
February
:/
,
„.
March™
>
;
$
1
'
60,323,687,259
49,797,321,653
—
167,711,880,646
17,739,219
12,312,983
'•
?
17,504,630
,
9,062,707
7,642,170
18,309,629
72,140,586
42,984,080
4,711,922,832
13,742,969
+97
+9.3
151,762,590.084
+10 5
April 6 for four
209,340,741
84,496,224.
-21,628,000
276.798.200
240.800 100
12,485,430
9,463,523
6,120,675,349
"~495~588
-Tsule
1,712,163:
1,334,503
4,326,156
3,241,067
it
: 5,477,909,093
7.6
+ 21.0
+ 30.3
4,596,319
23,520,899
+ 18.8
+ 28.3/
+14.9
+ 31.9
749,174
607,587
-
+ 24.0
or^
3,568,975
351,194,938
.
+ 37.0
+
Inc.
992,422
3,568,437
369,173,387
y4 ■ 1,117,868
+ 16.0
59,641,649
41,351,212
•
1,930,225.
3,886,505
years? v
Week Ended April 6-
1945
100,145.503
1,409,740
+ 27.4
6,614,271
•
{
8.3
+ 10.5
6,590,174
17,020,335
.
53,878,131
248,742,530
104,788,694- v
27,740,200 >;>■
>
+ 44.1
+
,
+12 4
1346
46,531,004
••
Dec. %
week ended
6,207,315,219
■Clearings Outside New York^
1945-.:;
!V.T inc.or
53,673,338,763
45,401,473,312
52,687,778,009
57,590,871,734
Total Three Months-
/
1945 i
•
»/
V-
833,798
.
1,096,485
3,997,513
2,668,649
18,370,896
f> 5,730,480
"
18,890,769
7,751,661-
•
21,007/600
1,268,465
;,t
17,~805~900
,s;v
808,460
74,708,221429,506,218
+ 18.0
+
56.9
15^544^10®
850,336
405,086,460
-Month of March
1946
at—
Clearings
t Albany
y-™Jron
•*
in
9,423,124
264,925,000
5,044,790
-
" '«
—
""
SSown'"-—Ne^
er
,
-
mica
i
„
6,942,785
-—
-----
35,978,806
l
lfitamford
S°njn^MonTclair
Third
cities)
Chester
112,758,218
+18.6
21,609,680
+13.7
114,569,225
+34.7
7,678,239
+19.0
6,464,792,439
15,580,253
14,033,977
+ 26.3
8,241,052
6,238,555
+ 12.8
+ 18.7
:
,
59,100,000
1,173,364
1,233,081
4.3
—13.8
+ 11.0
1,516,561
5,144,805,513
12,819,899
+ 32.1
6,307,821
ll,360~578
8,280^133
+ 33.3
726,719
31,995,175
40,440,665
523,048
+
38.9
31,545,252
+
1.4
40,366,228
+
0.2
10,102,270,361
6,697,862,950
661,981
T,524,995
890,036
—15.1
9,519,061
1,231,319
1,037,228
+ 24.0
46,313,770
36,876,462
30,994,194
25,087,727
+ 23.5
+ 12.1
9,099,282
8,499,485
+
+ 31.5
10,924,102
8,685,027
+ 25.8
+
+
-9,~72~7~546
329,994
-"
+ 25.6
+ 16.0
+ 11.9
5.4
+
13,359,858
+ 12.6
3,878,329
12,900,399
9,360,157
5,304,461,649
+ 50.8
5.046,674,219
9.3
—
2,719,476 '
2,949,627"
3,073,000,000
r
.
*
Fourth Federal Reserve
______-------
*
1,6j2,428
'
.y
8.8
9,436,000,000
31.0
29,327,366
8,561,000,000 "v
22,163,095
+ 32.3
+ 20.5
47,942,171
40,828,252
+ 17.4
+ 13.4
24,474,039
20,214,166
+ 21.1
3.5
26,359,471
24,117,101
+
3,272,268
13,943,666
+
4.6
81,050,995
2,329,783
10,679,066
73,336,074
+ 10.5
t6,769,893
21.1
66,636,000
52,531,900
+ 26.9
4,843,200
5,605,800
+
9.0
9,855,712,497
8,916,190,738
+ 10.5
811,271,351
707,504,204
+ 14.7
4,389,281
+
—
+ 37.4
3,199,553,294
+
0.3
57,755,431
+
19,843,841
546,094,815
1,018,523,033
19,899,454
579,562,149
964,210,022
.
——————
+ 10.2
790,000,000
:
686,000,000
2,413,466
2,145,374
3,771,527
2,120,067
2,250,643
+15.2
"""
9.3
1,474,799
—11.1
3
1,953,235
2,144,131
...
3,472,393
3,197,642
3,193,022
8.5
5.0
+
+
——■
?.
Vv
+ 30.6
x-.\.rrW
-
.
4,78^6oo
5,5
557,284,352
.
6.1
1,684,080,667
1,602,404,583
5.3
2,795,646,249
2,835,941,857
—
+
9.0
+
52,974,785
5.1
125,266,715
1.4
214,238,436
4,321,705
117,150,308
209,313,168
13.7
19,565,400
33,852,200
—
1.6
+
—
8.7
258,217,800
227,005,200
4,133,732
1,606,295
+ 23.3
12,969,536
11,261,316
2.4
..
7,239,775
4,552,162
+
***
11,601,238
+ 20.8
38,624,030
31,250,819
+
9.7
57,184,727
47,771,067
+19.7
12,641,058
+
2.4
35,696,722
29,908,404
+ 19.4
51,060,689
58,924,029
+
0.3
138,567,591
131,821,641
'+
5.1
1,612,284
1,446,090
869,205
+ 11.5
4,819,880
4,331,199
+
11.3
573,003
—34.1
2,951,484
2,536,364
+
16.4
1,076,841,434
1,219,141,434
—11.7
14,545,070
12,833,493
+ 13.3
3,051,965,158
41.905,136
3,324,957,685
35,690,052
15,642,625
—15.7
45,730,087
49,496,899
12,935,079
18,561,824
14,311,837
12,941,832
11,858,665
2,898,325,845
3,048,635,066
——-
Greensburg
Erie
——
-—
—
3,272,179
4,923,681
2,860,808
+ 14.4
2,367,660
4,122,241
+ 19.4
3,451,144
255,588,393
264,734,286
+ 23.6
'
t.
9.6
—
33,582,143
8,330,763,178
3.5
—
227,136^155
212,795~H£.
riy
+ 17.4
7.6
—
58,975,887
39,056,528
4.9
+
58,352,377
9.1
—
r*r-
8.2
—
2,038,588
3,068,066
8,484,462,064
1.1
—
—'
+ 16.3
1.8
—
1.4
636,354,716
627,244,085
542,575,276
490,347,573
..
Fifth
18,779,255
+ 30.6
29,786,000
+ 14.2
97,102,000
85,551,000
+13.5
7,829,000
1,526,457
6,444,000
+ 37.2
34,009,000
406,191,509
366,813,410
+
10.7
1,178,259,773
1,053,649,553
+
11.8
90,049,310
68,305,354
+ 31.8
12.382,139
11,891,173
+
4.1
35,474,967
33,461,444
+
6.0
3,035,927
3,014,361
25.865,891
17,683,915
714,846,328
+ 46.3
65,458,326
50,693,623
+ 29.1
7.7
2,217,447,069
2,053,900,681
178,841,496
168,897,312
2,561,119
+ 22.5
8,928,322
7,423,547
+ 20.3
58,552,795
46,578,097
340,402,242
294,765,581
B. C.—Charleston
1————•
Frederick
D.
770,013,720
3,136,163
———
—
-—
247,190,294
24,533,406
719,468,683
585,289,336
11.8
4,346,672,546
3,888,748,439
239,123,804
243,072,978
10,799,403
31,424,828
131,600,000
2,456,838
8,810,092
33,197,208
111,100,000
-
+ 18.7
+ 15.7
+ 16.3
3,124,138
723,612,993
2,060,912.993
11,715,743
10,011,460
+ 15.5
9,981,646
8,724,883
+14.4
323,757,813
4.—————*>*•«•
19,893,348
—
25,589,724
4,798,879
Meridian
448,050,632
——————
;•
27,457,523
iv.
,
4.0
725,119,701
+
23.1
r>
A
2,762,573
+ 15.8
+
*
,
"f-,-
2,504,101
69,432,364
6.0
892,512,549
56,703,430
54,963,020
+
134^613; 667
-
:
752,806,484
+
13.1
71,591,254
0.4
61,644,294
30,138,821
65,621,072
6.1
5,189,406
23,878,683
39,259,000
+
75,324,470
m,
134
+
M-,:«
,
.
,
2,253,071
r;
•
11920,978A;:
1»932^865-
+ 30.4
8 1 I y
174
Al^Ol*
+ 26.2
43,292,000
:^
—
3.2
851,367,930
1,992,004,000
2,292,888,082
—
—
30,131,916
26,410,344
io,,+34,902,095
•
-
+ 22.4
.
1,329,316
Vicksburg -L ————————
(■
,v
•
21,499,817
7,279,925
13,136,000
19,529,381
3,260,791
1,315,581
395,886,502
15,089,000
Jackson
34,208,603
39,799,707
+ 19.3
+
252,379,584
*
10,061,094
-———-—-
174,606,327
4.9
—
263,645,338 A
18,768,501
•
308,996,445
21,423,705
Ida.—Birmingham
(16 cities)
+15.5
—12.0
-'
42,424,828
+18.7
2,218,200,000
Tamoa
Total
38,407,968
+!>;At, 14,414,029
524,427,928
8.9
Mactm-'—
U.—New Orleans
38,923^464
-.A; U 4151,100,000
—11.4
622,401,304
+
11,558,085
Montgomery
Iliss.—HatMesburf
1257737,269
12,678,810
-50,339,030
197,001,821
+ 30.1
Augusta
—
5.9
174,800,000
66,528,415
174,709,086
13,973,584
0».—Atlanta
Mobile
^2,468,123
+ 25.7
+
7.6
63,249,078
—
,.
Via.—Jacksonville
60,C4 3,447
'it*?-
+ 11.8
227,235,733
787,900,000
i
—
Nashville
5,444,000
..
2,102,91,4;
0.7
+
1,033,774
.
.
—
+ 22.9
+
1,220,691
7,114,000
64,025,466
21.5
+
District—Atlanta—
Sixth Federal Reserve
lenn.—Knoxville
2,093,714
8.0
+
+ 24.8
1,347,955,855
——
Total (8 cities).
+
198,030,379
1,507,212,493
C.—Washington
+ 32.8
6,343,531
8,423,777
W. Va.—Huntington————
Va.—Norfolk
—
Columbia
j'f
'
.
District—Richmond
Federal Reserve
Md.—Baltimore
'
———r-
.
17,819,777
Newark ——i.r———
Toledo —
——
(17 cities)-
—42.2
169,748,245
" 14,376,600
+ 59.0
+
12,949,242
Mansfield ———-———
Youngstown v —
—
-J,pu,017,180
v
_
186,061,758
15,341,100
+15.2
+ 82.2
86,424,700
93,967,700
5,094,823
2,926,953
14,016,283
19,547,203
1,303,'
3,709,
6.9
+
•
-----—
Va.—Wheeling
~
t5,554,254
+
8,842,226
853,956
4,024,098
27,393,708
16,953,000
'
541,1
+ 40.5
+ 11.1
7,830,054
District—Cleveland-
Cincinnati
#
473,260
1,361,178
626,06'
2,981,957
14,779,975
.
3,488,254,423
Ohio—Canton
Co.
'
.
7.1
7,461,466
10,256,921
17,806,908
8,463,666
v 8,528,834
1,173,586
4,471,851
.
ii-'
532,421
~
'
28,642,483
20,531,000
cities)—
315,904
20,941,873
30,814,064
+ 21.7
83,268,866,344
;
,
21,791,981
35,235,548
•
1*1
+
—
pel.—Wilmington: -—
IT. j.—"Trentog;.;,'• r" v.
-
644,993
+ 33.0
—18.0
2,740,561
1,047,684
1,275,829
:
4,914,913,973
10,707,112
5,054,145
1,047,970
1,030,819
7,787,675
11,554,633
10,500,292
—-A-—~
—"——
/
+ 19.2
9,470,469
•:
5,948.320
1,232,742
47,700,000
953,643
+ 18.3
+ 13.2
10,385,643
.A;
————
—
1943
14,154,139
1,619.004
55,200,000
52.8
+
—
*
fy.—Lexington
1944
u
~+~3~7~2
+ 27.6
8.9
0.8
—
3,866,262
3,344,000,000
Du^BoIS
Pittsburgh
;
+ 52.4
2.6
—
38.0
189,386,598
3,520,437
3,293,167
*16,000,000
10,857,485
3,047,388
3,877,384
—-
Hazleton-
Total
192,812,236
13,927,825
80,869,959,052
174,003,250
89,280,322
18,124,821
101,244,304
5,759,607
366,282,092
532,495,504
+
56,586,000
1,011,139
1,458,143
9,850,621,951
)3,726,707,627
——~
ReadingBcrantott
Wilkes-Barre
or,
6.5
+25.0
1,463,834
+11.6
Philadelphia
Oil City
91,257,802,060
69,113,039
+ 10.8
15,080,752
17,770,313
+11.9
82,012,402
•2,236,284
.
+15.2
=*
Pa.—Beaver
-Dec. %
„
5.8
—
4,729,197
-LlifV—r
Harrlsburg
Hamilton
.
District—Philadelphia—
Lancaster
Lorain
14,684,460
+56.2
3,783,313
Cleveland
Columbus
•
+18.8
•
31,834,838,508
—
Federal
Total (16
—12.1
214,789,885
24,401,647
830,157,425
28,519,264,624
•».—Altoona
Bethlehem
Lebanon
Norrlstown
$
5,445,765
—
-
Total (14
Week Ended April 6Inc. or
1945
409,983,283
561,252,998
16,263,196
187,921,436
Oranges
781,713,502
—12.4
2,494,067
140,889,591
-
N. J.
NorUiern
r<
1946
$
Inc. or
Dec. %
$
188,814,251
28,995,966
125,078,802
39,570,955
-
+18.2
+16.8
1,851,265
63,292,930
_
~
1945
$
—10.8
5,762,025
3,784,460
27,699,557,359
59,426,903
31,666,756
5,852,622
31,653,777
5,910,803
31,001,466,022
-
-
R01
1946 '
Dec. c/o
55,453,418
8,069,280
296,992,162
65,532,434
—
"I
BinJ?
B, S
Inc.or
$
District-New York-
Federal Reserve
™ond
If.
—Jan. 1 to March 31-
....
1945
$
,
.
+ 22.8
+
—
+ 38.2
.
:
'
+14.9
.+
—
o
r -
-
49,966417
,.,
.
+
...
:;5,122,523.
:
43,743,353.
13
4,888,620
+
,,
10.3
38,938,023
43,248,101
+ 43.3
..
33,281,296
.
4,691,322
A——-
57,525,351
+ 30.9
.13,312,274
9,881,386
+ 34.7
1.0
4,136,944
3,865,478
+
7.0
363,004
+ 13.2
1,276,070,533
1,180,991,400
+
8.1
103,144,658
+ 15.1
6,421,870,201
5,787,005,180
+ 11.0
+ 31.0
+ 47.2
+
r.
•
'
287,863
493,166,765
+264
259,731
202,028
88,471,064..,
+ 16.6
67,462,586
77,244,794
415,768,57^;
-
+18.6
311,560,546
337,816,325
Seventh Federal Reserve District—Chicago—
'
3,112,619
+ 68.0
12,524,107
5,229,041
1,244,544,000
11,902,828
31,152,772
4,747,736
17,775,303
8,041,421
4,913,476
14,822,299
..
Detroit
—24.1
3,540,833,183
+ 22.1
1.5
33,201,075
89,625,245
14,597,797
Flint
Grand Rapids':**..*
Jackson
——;———
1.6
56,661,916
Lansing ——
Muskegon —
Bay City
—
4,595,704,367
25,206,145
76,556,281
13,670.947
52,507,173
1.1
23,318,321
8.9
14,122,060
Ind,—Ft.
Wayne
—
—
Bend
———-—-
Terre
Haute
140,955,422
39,767,332
8.5
568,777,356
13,254,352
95,154,633
42,960,756
1,475,828
...——
taty".
4,142,698
—..P———
'
■
Bloomington
'Chicago'
Decatur::
—
!
3,698,832
2,538,523,023
:
~
9,014,078
*
Feorla
31,254,143
—...L—.
•
'Rocklord
.
Springfield
Sterling
Total <31
180,681,992
3,078,919
4:—
.
•
v
114,007,011
10,342,656
1,333,245
—
+
4.8
+ 28.9
17,984,420
3,108,370
35,954,054
1,130,036
3,255,659
2,652,404
,
+ 19.5
2,332,886,255
8,151,469
30,618,308
10,838,174
8,925,082
1,047,386
—
+ 37.9
+
9.1
8.1
*
35,698,180
264,374,427
+ 30.6
+ 27.2
+
1.2
+
+
15.4
+
3,596,711
+
13,294,588,179
At
3,731,988
3,652,701
7,450,163
7,748,643
+39.0
32^9ST79S
30,765280
j'.r—-j-f
,
*
y'LL~
+-V
7-,
''V-"
WstH ..A j k»
4.1
rrr«A"'' ?
2,506,993
V- 16,166,729
9,721,498
+ 24.7
:;- a
:
+ 10.9
>A\.
+ 45.9 a:
2,186,766
.
<
.
7,401,179
f4^v
A
15,382,470
•t
+ 31.4
4
8,288,421
:
1,838,363
11,543,919?:
6.675,417
i;.
+ 18.2
13,361,834,348
7.2
.5 7
8,011,617
"<
+ 28.4
-
763,336 .'A;
565,049,136
2,140,131
;; 2,115,123 i
+ 14.7
547,641
2.8
1.2.-,
412,813,336
v.i
7,929,711 f ^ •+sl,0,-*-.
A *2,904,039 f
+ 21.9
k
2,385,027
2,570,656
.
—
,,r
'-3,538,799
;
+ 37.9 t;.
+
A-A:
+
7.8
427 ^.305
1,858,927
v
A:
r^:A4,359,36fe::
1,988,224
1,814,689
.v
'
•-
1,297.234
^'^4,642,303r:.
,A..;l,934,42%.;|:a<
*, .1,732,329
,l
;
:
+ 22.5
—5
4,594,105,923
cities)^.
4,682,539,043
—
—
0.5
740,517,041
702,666,468;
,
.
?,
>
:+ >5.4
530,461,791
;i
"
•
*
•
.:!X
v
-
"if:
yp
"
.
®ghtb Federal
•to.—St.
"A.
36.8
+
2,935,605
1.9
: ; 2,865,381
+ 10.9
8.3
'
+
29,808,466
•.'
10,195,707
—
...
89,832,335
27.3
2,857,94^
30,455,210
580,593.654
+ 15.9
3,0~6~3~36i
«
27,03~5~000
i.A 899,645
30,460,117
25,980,015
:v
1.3
+ 34.8
+ 16.6
■
..* A
23,57X6o0
7
42,324,330
+ 10.0
39,099,358
-h-\
+ 26.9
24,218,326
+ 29.2
..
4,035,717
3,579,041
11,307,840
1.6
—
6,755,593,526
96,294,341
4,034,582
—11.3
v
...
.
"+H.5'^^M'
3,305,295
37,055,000
+ 41.2
2.1
+
3,698,298
33,992,000
+ 35.9i
,
2.4 Mi'
.+
9.8
+ 16.8
3,041,054
9,724,752
.7,609,361
28.250,805
+
6.0
+
5.664,312
mml
—mmJm
'
j\
2,779,243
8.8
543,390
'
11.4
+
+ 19.5
'
3,451,456
23,592,553
+ 10.6
871,595
v
0.1
+
3,535,146
+ 10.1
-
+ 18.0
j
5,866,504
At.— <r*£ 'Aw'
7.9
+ 26.6
10,741,135
7,432,880,528
+
7,012,683
6.8
32,409,503
11,498,007
+ 39.5
+ 17.1
+
208,816,258
98,224,078
122,476,600
4,131,832
1,055,298
31.7
+
6,905,656
7,188,185
+
+ 26.7
+
46,172,612
143,180,249
31,331,731
492,861,554
8,575,412
43,340,258
2,272,693
8,689,035
'44,504,188
788,516
2,375,525
12,261,443
75.108.510
'
dmes'
.
46,729,710
9.2
•
Sioux
6.2
+
+ 28.6
5,808,081'
1,087,412
2,591,639
~
Watertown
Manitowoc
11—Aurora
83,393,021
469,035,326
11,292,213
2,930,215
'v
—'———-
la.—Cedar Rapids————
w
7.8
21.2
+>
+
1,244,915
43.2
—23.0
23,318,308
12,675,113
42,304,666
75,979,284
401,683,605
45,225,907
1.9
+
47.354.509
195,991,339
—
—
————————
Des Moines
+
15,616,707
\
———
—
—
27,801,839
136,626,431
16,642,071
165,599,434
*
-
Oshkosh.
+
14,516,767
Bouth
Wis.—Madison
Milwaukee
+ 15.6
—
51,710,030
————
Sheboygan
4,676,714
18,064,878
8,131,903
4,513,390
14,542,213
29,964,168
Gary
:
Indianapolis
+
8,743,344
1,G38,819,802
9,747,776
26,954,765
■
Arbor
Hlch.—Ann
Reserve District—St. Lou is—
Louis
—
Cape Girardeau
—
independence+.
^
E^&MsviUeji^
J®®k~"Meniphls
^Jacksonville
Caw9
-
"
—
931,805.538
7,748,169
1,190,936
387,771,796
278,412,437
V 1,099,708 V
5,367,566
881,912,565
5,495,572
779,183
345,127,037
208,697,401
ik
697,665
5,365,560
+
5.7
2,555,469,103
22,386,046
+ 41.0
52,9
3,303,596
+.12.4
1,133,375,873
+
787,836,872
+ 33.4
+
57.6
•>+ 0.1
•r.
2,837,580
15,281,518
2,379,346,194
.1,613,396,150
1,448,074,983
+11,4^
4,520,490,588
i
y'lCAt
+ 21.4
69,091,237
+17.4
,7::
r62,534,398
46,743,840 A
+33.9
r;,;
32,71,9,883
152,600,000
18,098,740
2.316,137
.
1,047,704,635
629,595,568
1,980,313
14,124,720
r
.
,
81,093,468
-
62,579,957
A
», *
;
4,093,166,307
,5777">197T
;•
-
•
34,914,948
,
'
•.
1^9^258;:t+'• ^{e.6
•,--A;T,326,453A"'
;
Total (7 cities).
»J
172,600,000
209,500,000
i
+10.4;,' 354,499,878
;
"A'.
?
290,026,335
V\
i: 4i>
.
tri v§
;1«»It »'vr
+ 22.2 -
"p'oXooo
;
249,005,281
■■
^
v
^37'412,919
/J
■
f.y+v
'
r
2050
^Lw
nlii.'iiimTiiiiiniiiniiTirniiwiViilirttiiiiri
rnmmmrnm
_
-Month of March-
Clearing* »4—
'-'194$""
Ninth Fetoti .KMtwe
1945
inc. or
Rochester
St.
3,592,198
.
Paul
•
•
Winona V
Fergus Falls
Grand
0.
C
_.
D.—Aberdeen
Sioux
Falls
1
.
Huron
Mont.—Billings
—■
Great Falls
Helena
Lewlstown.
57,709,772
2,420,219,954
+ 33.0
2,176,761
+ 28.7
7,027,053
+ 35.5
$
-1945
1946
7DML;J0r.v;VV
'
1944"
1943
'
Dec. %
$
Dec. %
vv. ••
$
•;
;
a
$
14,442,190
1,571,173
V'J 6,964,117
+ 23.1
+ 27.4
-
:
•
+14.1
+ 17.4
+ 31.5
+ 20.9
1.1
+
1
5,919,164
21,900,565
481,554
+ 13.2
+ 50.7
+1,145,588,964
+ 20.7
3,496,110,323
3,509,558
3,016,431.
+16.7
1.3
+18.6
+30,2
+29.2
-
•
3.018,346
3.796.995
116,551,339
OepiiSoii
A3,590,171
..
-J":
'
3,"107,749
"v-
'
1,378,393
1,304,276
k
;
'
65,237,270'.^;^.-.+18^
+
.
T45~0
■*y:
.
'
7"64"906
fi"-.'
.
+31.4
.
+ $1.3.
19,294; lea+lMui:: +42'.7v
18,291,431'
+24.4
-1,407,847
~
*-Z'i.
•
.
1,57101
~f>.
+ 24.2
-■
■:
+
2,729,118,120
+ 24.0
+"€"7
+ 10.4
"46,370,679
8,518,000 ty?
6,561,136 r
20,398,191?: S41,444,667 tii ^
3,774,974.. :,. ....
-
+ 41.1
3,791,357
109,974,631
.
,•.
53,536,983
6,089,813
27,536,526
22,763,068
77,290,408
2,123,,976
\
-
+ 11.3
? #44#*
7,501,880
948,940,109
'
«
+ 31.9
3,277,119
145,850,240
4,322,255
162,368,347
+20.1
+33.4+39.0
+«
48*056,292 1,814,224,120
7,246,800
619,235,684-
26,558,794
V
-
Total W Ctttoi)
+ 20.5
+ 22.6
10,073,251
711,396,607
.8,285,346
2,018,762
54,101,781
8,627,000
7,778,282
.
.Forks
Mlnot
16,456,483
621,962,152
2,700,288
226,084,410
» 2,429,099
554,600
15,145,500
" 3,125,000
..
^
:
257,923,134
2,851,154 $
729,394
18,308,989
3,159,000
2,801,346 ;
9,523,136
17,775,44T i 2,000,922
9,825,959 *
s 6,703,275 p
27,153,592
v 725,717
-
.
■
inc. or
1945
$
'
-
19,828,411 &
>762,687/290-
Minneapolis
1946
Dec. %
Dtittlgt^MiBnMpoIli V
Minn.—Duluth
^
Jan. 1 to March 31-—-'
$
>,
y
-'■
-vV
pj .^; ;H\; •
•l
'
Ij463,507
79.9
+12.3
1,092,856
Cc
4,139,878
+107,615
159,537/734
+
'6;833,984
V''^"
50;9
'•
'
212,365,389
238,493,339
+ 28.1
173,551,001
Tenth
Federal B^sen^HIstriet-^ansas Cltr—
Neb.—Fremont'
1,112,126-
1,000,110
+ 11,2
+16.3
-
.
...
ZZZIZZIZZIIIIIII-IZII
Llncoln
23,218" 186
Omaha
u
^4PM—Mtai
Topeka.
Vv lchltej
,,
-
,
r-'i-i
i
Nr-ri-
-I
1,848,786+
983,970
."20,165,960
■.
*
"'
"
'
•>/
4
-35,063,860
— mm*
Mo.-—Joplln
Kansas City
i .at. ■*
*
Carthage
r»»—«
•
:t'.
Springs
Denver
V
***
-
Total (Idcities)JL..—
^
<uF-*V?»
1,117,518
.-81,445,258
733,637
;346,830,573
*
5,898,339
v
•
PUBbil»
-
.1,026,908,627-.30,671,200? ^
_
Gok>.—Colorado
1,967,715,620
:
+ 52.7
+ 51.1
3.2
16,327,754
2,936,306,333
97,127,592
0.1
+
•
'+7.5
+ 36.1
+ 33.6
+ 12.6
1,765,445,409
4,201,193
70,548,592
'
^£009,-210
: ;
89,188,311
•<4,691,376
lOO^^'SSIfsiP?^
11,559*619
+17.2
+ 26.4
-
187,700
319,700
4,083,703
,
4,570,282.
^ 75,862,324
•
+412.
;
..'
.';:'6,954,a(r^J'
"
''*%074;472:"
■
;i+63^ ;
.
-
—
r-
C9.365.224
■•.:,.i;-2,7ai352^^
:
?
"1.7
212,€95^786
ft
U9S06I81
4,230929"
11.299,734^
■„
+"^r"J
5,704,138
ic£ 141777"
2,656,841,331
84,961,333
V\ +14.3
3,341,074 .,
+215
193,670,855 +
+ 8.5
14,064,507
+f!it2hkSt
788,605; 156 +22.6
12,775,9641 *
+33.2
1,534,695
1,179,453
911447
'■>;
+3(4^346
656,641
+848~453
4,948,356,453;
'328,636,909
291,290,378
5,622,697,407
+ 21.7
+14.1
.196,445
+ iQ.7 ;.:... 335,805
.
435,619
...
-
206,213,407
20,844,586
966,595,833
17,020,855
+ 30.5
258,039
294,386
482,154
4,923,809
3,382,13l4;;;:;+39.6.
4,116,212
—23.B'
..
4,059,641
+ 25.9
+ 15J0
978,170,52
,170,521
106,404,950
+22.2
—
''
Li
-
4,720,181
3,169,052
49,684,706
—26.0
.",+T9~i;
53,752*691
63,999,888
1,126,713,671
+11.6
,
.
5,430,041 J
..
.
Okla.—iTulsa
■
19,308,624
358,529,342
1,210,976
1,330,078
13,343,343
-36,237,605V '
4,442,370
041,506,452. +*
28,536,982
821,312
64,685,966' - '
5,161,800
284,915,606
4,414,841
400,287,543
.*Nan»#*yManhattan+»,>i,i>i»+-<fci
+ 293
6,527,846
+ 13.6
H
6,476,241
-
.
•
+
0.8
+
172,735^73
6^532,423
+128,
5,540,053.
1.053,397
1.076*575
271,480,642
-
264,302,192
Deventh Federal Reserve District—Dallas—
VMS1'mil/
Texas—Austin
Beaumont
23,744,873
——
t.
Dallas
XI
■
Ft.
■
+
Paso
-.
60,994,990
+73,189,264
—__-————
Worth
r
Galveston
-
082,106,620
Arthur
4,597,518
9,541,951
3,532,956
28,925,022
Wichita Falls
Texarkana^
>
la.—Bhreveportr'*-***.
+ 77.7
?
1,507,435,333
-iTirelfthFederal l^
'
"A
Ma.—Boise
Ore.—Eugene^-.
+ 12.7
+
Portland
.
Bait Lake, City
Arir.—Phoenix
+15.5
—.
„
,
+ 15.4
.
,
mmmmrnrn
'
Modesto
•
Pasadena
Riverside
-
-
■
Santa
-
'
-
Barbara
Btookton
Total (19 cities)
3
;
26,369,405,712
included in totals.
tNot
I——————————
—
1.2
+
2.7
■■i mm
+19.8+'+
148,241,65*
189,312,403k'
39,839,000;+
1,479,854,450. "
<
11,889,59B:
—1«— ■»
3,154,195
23.4
101335^600
-iii^wiooo
+
3,083,357
....
93^216,161.
+21.7
+13.1
.
-
;14,67~£240+-
+13.4
3,080,000
16,640,066
4,185,000
31.7:
+
+ 35.9
^+""'-12388,011;
8.3
;+
11,755,054
2,855,000
-33mp0a;t.
+11.6
-
^
76,274;05h..^.r:rv..+
■
+ 113.5
3,302,776
lV;.
iit+a—i
146;592,OO0
.»6,8.72^30^- -;".-ft+10t.l
^
5;094,697
^
'•
416.*
'
+ '5.3
+ 34.0
+
;
-ikt *
.1,539,938
;
+
,.{f
,,
i02,162;505 +*
•
^146^874,939
.-
.+
'
16.9;
6.8
"
1,077,407
'+3^391
_„4,'348i746^
+24.0 •^
i
^
Hi-t.1,359,318
-
+ 126,905,270
.
;!116,329,370
23,773,891
."
+ 21.2
+ 21.8
+*5.1
+ 20,0
25,535,030
4,280,274,705
105,765,546
37,942,517
79,332,366
4.7
7,638,330,246
'•
--
29,781,421
+ 29.3
10,367,131
23,192,476
+ 23.5
'
<■
*
52,687,778,009
+
24,988,220,650
+
* 4|.
9.3
+60.4
1
-
;
-
.•'
'74,099,84*
■
«'»i
1
2+^25G;"'+^^iaI
i
r 1
itimi
i'iTi
am
>
1
>
'
*-"•
';
^027804^'
"
'
75/71^46+
25.20U44
+ "3.6
+24.9
,
,
-
.
..
+.111 ■!
— »■» —
iii'mit
'
mm
«.
—19.0
7,992,090
14,938,742
•
C4&i
-
;■ v;
10,256~612
„
+30.6
>;i,?i5,6l2
+22.8.
-
6,569,034
,
67,737,963
+17.1
7,081,311,604
+ T.9
545,691,053
499,308,277
V 151,762,590,084
+ ld;5
' 15,239,065,750
11,324,294,030
+ 34.6
5,388,443,799
4^859,501,591
+J:0.9
+ 29.0
70',892,631,032
+
3,128,205
•
t—i
+26.6
v
,
7,174,210
3,956,403V"
;
+25.6
+10,4
;
83,529,073
29,410,985
■.
...
'
"
76,454,078,386
+1^68,755
.i:•
"'^65^051:. :;
;^i7i^j096+vv,. '.+""3.i";
-
.
7.8
267/449,000
6,120,054
2,258,032
5,124,633
+20.6
250,701,000
+27.3
5,370,970
'+,29.'2
.
J
•
+
9.3
-
451,509,585
-
203,685,890
3,821,9151,483,6203,769,531
-*+-■
1,904,793
.4,157,371
+16.4 "
-
ill ———————————immrn
88j9*o"9i
'; 2,085;2»lv
—
__—
31,634,166
;,+
.
'<■
f,
■'•.
,.83^36afT'rfc+^
,-3rl6<«
•
*"■
•'
322,640,000
7,792,146
2,916,790
-5,966,691
:
167,711,880,646
6.4
98,385.857
2,294,573
•
•.-+36.0
€9,433,443
20.331,031
3,876,884,602.
v
,—
:
103,580,456
06,688,94*
39,245,043 +
137,933,080 Vr
26,608,004 •'
.
"3«€«9661-
+23.3
21,997,638
05,292,511
6,919,006
1,396,821/363
^"-r82f®53',053^
+ 27.8
374,935,«20rV''+;v;+'16.i:
34,744,899
*.
+21.1
—1.*
v
.
982,436,797JM.VV++0.5
111,722,132
+ 28.4
n+v'
33,229,350 " ''
30,006,997 V
10,509,000
434,954,080
135,011,333
38,002,356
49,000,088
.
+ 41.8
'
10,968,727
1,126,244,642
25,510,920
+ 19.1
2,311.488,903
57,590,871,734.
+35,3
"•
V
2,630,189,587
thand Total (184 cities)
>
,
9;344,-l75
-
—
•Estimated..
7,050,542
6.7
t:
13,284,778
1,110,742,945
42,473,216
36,990,422
14,294,000
977,456,402
4.2
+ 22.2
<*6,751,780
V
•
Baa FranciscoBan Jose
+ 29.4
+ 26.2
129,019,907
+32,800; 132
+ 12,169,795
13,023,682
■.
?
—
4,337,259,605
—
7,511,57*
-
Long Beach
.
12,879,744
27,711,561
9,881,917
83,814,128
"
+ 19.1
11,481,387
10,525,927
3,855,000
343,383,925
,
Oattt
.
0.2
+ 31.5
+ 57.3
-
"
?
52,455,000
1,652,164,817
8.0
—
397,004,982
'
14,488,502+
12,864,010
5,215,000
339,329,368 7,712,591
153,690,502'
+
46,507,688 i
v
-12,818,465
.,vv,
17^49i53B'"vi;"'
38,006,809
-12,001,402
+28,820,91^
8,425,030 i
1,468,615,155
>
38,509,518
12,799,543
27,821,922
,
tah—Ogde:
-
1,678,590,285
+22.0
3,761,340
:
380,247,329 V
—1
Taklma
,
2,010,537,467
180,452,438
214,096,455
+ 42.3
1,306,218,174
^*,866,291'
'
Seattle
29,147,671
42,014,838-
-
©istrlet*-8a« Franel»««M»»
Wash.—Brflfngham
.
27,180,985
+
"
Total <11 cities)
66,084,993
4.4
+ 20.0
9,160,492
575,724,281
50,010,505
64,943,428
14,194,000
538,954,743
4,607,455
7,254,805
2,967,406
25,039,459
20,197,000
Houston
Port
13,361,800
6,563,366
691,039,708+
-
v
"
'
'414,952,897
9,146^99,570
8,837,375,676
4,001/794,057
-
3,922,461,903
1
MMi
#!
|r+<?"
f the Federal Reserve Bank is
(Continued
,
from
page
Company and lssse^
Rensselaer
&
Saratoga
VVr-
R.R.—
'
2047)
>.
world.
Date
.
We give below a record for; the week
just passed
Page
mortgage 4.7^+5%% bonds due 1975
-May
2
"
mortgage 4Vif« bonds, series A & B, due 1966a -May
6
by
FEDERAL
APRIL
1872
1907
Saguenay Power Cb.. Ltd.—•
1st
Exchange xtATEB certified
foreign
•.
"
General
5,
Paper 'MiUaLtd., Q% pref, stock+^^i^l&ty
Aprils
mortgagef. 3%xr aeries. Cr due 1996.-—
teentina, peso—
1481
• -
15
136TV
V/2% bonds, series B, due 1964—^^Juri;
1
1909
Official..
:
convertible gold-notes'due 1948—
May lO
gold debentures, series A, „.dne -'-19510;
.
1772
■■,20-year- &%■ goldnotesttue 1948——w-A
-A
.Ocft
:/v
fiffi
<
2022—-*_July 1, *4T
Thrift»Storfi&.Ltd.,Lst^C\uniil..-red. .conv...pref. .stofik-«_July
l
Trt-CfenthMmtaLCo#.*. 3% %, debentures: due. i960
Apr 15
w ,Twih'Citr:Rapid;Ttaaait Co., 7% 2d preferred
stock„_Apr 20
Tyler Building Co., gen. mtge. income bonds due 1953-May 15
•#
Utah Power &
Light Co., 1st mtge. 3%s, due 1968—^
Virginia
Dare Stores,
V
5%
'
Inc.,
preferred
stock
Corp., Ltd.—•
general mortgage bonds, .series A__—.—
,
series
.-
-
debenture
t
Woolworth (F. W.)
tadia. (British),
-
HiC|r«*
-*■+•:
S2BNF
1773
texlcor
1616
.*
.377892
,\-
•Announcement in this issue.
—
-
v
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3:226666".
Norway, krone.
,
"
>.091323
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4.005000
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lln.VolumaL61.^. JIa Voluma^l62.
.004435
.205800
•'
.909090
1618
-;do+:: 2 % 9^.
.301215
;,00500p
New Zealand, pound,
Uruguay,
t
-May Jl
^
.004434
s
"
8$f.v A
.008410
f
Sweden, krona^,
1774
'
.051902'
,
.
.020060
•
-
4.033750
*
;
.301213
.00443.4
Spain, peseta^«
..
.020060
.208766
.008410
.205800
Official___.__—______
1617
4.033780
J01215
Netherlands/guilder.
1484
'
.022861"
.060602'
.909090
;
.569800*
yi
peso^.1
8
.020060
.2512+?*
3.213780
.060602*.
..
^907500^?:!
W
,
-
.909090
i
..
$
.297733''
.051902*
-
.051902*
.569800*
•
.298766'
.008410/
•-
April 11
.022845
;
.060602*
-V
.907500
,
.251247*
3.213780
'
.022845
•
^
Free—
1911
.569800*
.208766
Newfoundland, dollar—
'
.909090
-
.907500
4.033593
Italy, lira—
1773
1036
May 30
.022845
-
.909090
;
■
■.020060.v
rupee.
"L"_Apr 15
May
f
$
.297733*
.251247*
3.213780
.
.051902*
.907500
Fttnce (Metropolitan) franc,
*
,y,
stock;
B———•—.—
>
^Rutland* pound sterling
-*
1
6
Products
Winnipeg Electric CO.—
Gen. mtge;: bonds hftd/or
and
Czechoslovakia^, koruno.
..Mar 31
series notes, series "K" and
.251247*
3,214113
.051902*
.
April 10
'
$
.297733*
;
.060602*
;569800*"
Portugal, escudo.
Collateral trust 5%
Western Steel
J
peso.
Denmark, kronen.
1615
Virginian Corp.—
3
r.-,
.060602*
.909090
*
■
Union-PacUhr RR.~*;
35-year- SMi% debenture bonds due May 1,
197l-*_M«y
3% refunding roortgage>bonds,'series B, due 1990
May
.251247*
.022845.
-
.051902*-
....
Free.
-
6% gold debentures bonds* aeries A, due
'-.Free
Colomhia,
fttandardiPower
Texas Power &. Light Co,—.
$
.297733*
3,214113
•
April 9.
'
$
.060602*
Official..
1
A; Light Corp., 6% gold debs, due
1957-Jun: 10
Stanley..Works,*. 5% >profemd-&tock.»M»^>««^>-i'i^1^y.l5;
Temblyn (G.), Ltd., 5% preferred stock_.A.»—.-i.
^May I
>
Canada, dollar-
•6% gold debentures,.)amies B, due 1986-!-,
—Jun 10
6debentures .dueA>.1937w——Jun^lO-
?
•
.
Brskil, cruzeiro^-
-
Standard. Gas &r Electric en.—
6%
'
April 8
.207733*
3,213780
1.022845
■
6%
■
-
•251247*
'tetndla^- pound.
%dgium,fraho.
1614
April 6
.297733*
Free.
South-western Bell Telephone Co.—
Southwestern Public Settlce Co.—
$
Offi
fficial.
1461
8
Paoifi<rRJK; -lstr"mtge.-8%&rser.'B,dua-l986:Mayra
1st tc ref. mtge.
TREARURT UNDER TARIFF ACT OF 1930
INCLUSIVE
Money
■
1st
11, 1946,
Noon Buying Rate for Cable Transfers in New
York
Value in United States
Country and Monetary tJnit
Scott Paper Co., $4 and $4.50
preferred Stocks.
Southerrr
APRIL
••
Shawinlgan Water
FoweriJo.-^- ~
?
-r
I 1st mtge.. & cohat.itrust*fundV4s,"serie* F, due
1961—Apr 15
Smith (Howard)
RESERVE BANk TO
1946 TO
now cer-
rate for cable transfers in the different countries of the
.562900*
.091323*
.238520
.233626
4.005000
.658300',
.562900*
THE COMMERCIAL & FINANCIAL CHRONICLE
-163 § NUmbfer 4481
Volunft
Warns Of Cbmpany
Best
Api'd 3:
16
50
40
20
4
:
Products,
1st mtg.
Inc.,
7s,
Nov.
Booth Fisheries
$16
$2 lot
$38%
$26'A
5-
1
4-15
75 c
6-
1
5-10
»
Corp.,
25c
5-
1
4-20
5-
1
5-
1
(initial)—.
Extra
Silk
68%c
5-15
5-
;i2Ce
6-15
Wireless
5%%
2%%
(s-a)
Calgary Power. Co., Ltd.,
Canadian
.Class
6% pfd. (quar.)—'
Products, Ltd., com. (quar.)
Food
,
t$1.50
tl2%c
A
(quar.)...*
Investment Fund, Ltd
Estates, Inc
Carpenter Paper Co.,
condition statement of weekly reporting member
t&nks of the Federal Reserve System in 101 leading
cities shdws the''following principal changes for the
The
ended April 3: Decrease of $491,000,000 in loans to
dealers for purchasing or carrying United
States Government obligations, $599,000,000 in holdings
bf Treasury certificates of indebtedness, and $527,000,000
in United States Government deposits; these changes
partly reflected-the redemption of maturing certificates;
dteiftarii deposits adjusted ^Iso^dreased $563^600^)00.
^ Deans to brokers and dealers for purchasing or carry¬
ing United States Government obligations declined $477,000,000 in New York City and. $491,000,060 at all report-
week
brokers and
ittg'member banks. Commercial loans increased $42,000,&'
■:'wrv?
:
■;
.
.
;
Common
4% %
$437,000,000 in the
Chicago District, $68,000,000 in New York City, $48,000,San. Francisco District, and $5$3;600,000 at all
000 in the
reporting member banks. United States Government de¬
posits declined in all districts. Deposits credited to dorivestic banks ittcrieased $132-4)00,000 in New York City,
$162,000,660 in the Chicago District, and $278,000,000 at
all
:
reporting member banks.
Borrowings declined $H4,00'Oy009 in New "York City
1
4-26
7-
1
6-20
$1.50
&
Aircraft
Varnish,
4-15
4-19
5- 1
XfittiUw <+) or
Decreasef—VBlnci
Mar. 27,
1946
Apr. 4,
1945
$
$
$
Assets—
Loans and
65,247
—728
—418
7,898
4,280
+
15,272
4&?estmenfc>-t6t;ia]—
Loans—total-.
+
—
{Commercial, industrial, and agricultural
$2.50
$1.06%
itoans
to'hrokerrjrad
for
dealers
+1,462
42
+
pur¬
U. S. Government
.
+
+
1,575
obligations.
Other securities-^.-
779
..
purchasing or carrying:
U. sr. Oovernmcnt obligations—
Other securities—
22
+
826
20
Other loans for
..
1,917
tq banks
—
1,835
Other loans————-
1,039
11,345
7,057
0. S. bonds
27,088
—~—
ObHgationeguaranteed by U. S. Government
•
Reserve with Federal Reserve Banks—-——
ZIZL*——
116
-+
7
544
+
807
—
63
+
364
—
4,887
+
Ul
,
337
—
—
2,116
+
+
33
366
+
64
196
26
—
45
3
—
Liabilities—
..
tfetntnd deposits adjusted---------------
—588
+
19
—527
36,553
Titne'deposits----
9,728
14;056
0. S. Government
.—s————.-—-
depdsits—————
$31
—,
+
1,86.7
(N. J.)
+8,218
Jctaestic banks—
9,659
14
628
Ofebits
to
231
391
18
Foreign banks.
demand deposit accounts except
and
V.
S.
Gov't
accounts,
-
•Interbank
during week-.
18,768
4-10
4-27
$1.25
5-4
'4-11
3c
4-30
T-r-
25c
4-30
15 c
6-
1
5-
1
6%
5-
1
6-
1
1
U.
1
:$i.
$1.75
35 c
$1.75
40C
1
1
4-
4-
1
5-
4-13
4-
25c
4-15
50c
$1.50
5-15
4-27
,;;v2
15c
$1
5-
6
5-
1
Acme
1
4-15
4-25
1
4-30
4-15
5-15
5-4
87%c
5-20
5-1
$1.50
55-
6-
1
$1.50
7-
1
6-14
$1.75
8-
1
7-15
$3
5-
1
'4-30
:-
25c
6-10
5-13
1
4-15
0-10
5-24
9-10
$1.10
$1
12^0
>5%
9-23
12-10
5-
1
1
4-20
5- 1
4-13
$1.50
4-
1
4-15
'6-1
5-15
1
4-17
25c
1 r.
|m
bring
we
current week..
j
!
sepafat^'t^hleS. lii
all the dividends mmotmeed the
tbgSher
Then
we
—-
5-
Bedbhd table in
follow with a
announced, But
wfckhvtei^
which have not Vet been paid.? Further detailsand recoft of past dividend payments in many caSOs are given
Wder the company name in our "General Corporation
m Investment
frews Department" in the Week
when
declared.
week are:
par
Name! of
[American
"regular
25c
10c
5-16
5-
8-15
Oil Corp.
Co.,
Ltd.
e^3, (A- S.)
Shoe Corp.,
preferred
4-22
8%c
1
4-
4-11
00
9
£0c
5-
6
4-19
5-11
4-27
5-14
4-15
-
6%
National
4%%
National
National
National
New
North
4-16
1
4-15
5-
1
4-23
Overseas
$1,18%
common
1
5-
6-
1
5-15
Pacific
$3.75
States
r
"1 ,1.
.
to.Awi
;
4»4
4-: 3.-,
3"21
>
3-15
4-15
84c
50c
$1.75
(quar.)____
Utilities Corp.—
'5%%
3-15
,'81 L,«
5- 3
4-5
1
,
fjreferred ^s-a);
,^3-^2#
••.
5-31
4-30
W'lOc
08%c
$io;00
Amerlcan^Superpower Corpse $6 "Istspfd——
'
4-15
4- 1
4-15
4- 1
6- 1
**#»
American
'Telephone Co, (Abilene Kansas)5% preferred (quar.)
American Telephone & Telegraph
(quar.,
American Viscose Corp., common (quar;)___
■5%
preferred
(quar.)__—
American .Zinc Lead & Smelting Co.—
$5 prior preferred (quar.)
Amoskeag Co.,' common («*a)*—
$4.50 preferred fs-a)—i.«—
4-15
5-
1
4-15
5-
1
4-15
5-15
5- 1
6-1
5-27
3
8-27
12- 2
11-26
6-28
6-20
Anchor
preferred
(quar.)
preferred (quar.)
prior preferred (quar.)
'0% prior preferred (quar.)_,
Anderson Clayton & Co.
(quar.)
5-
9-
$1.50
$1.50
9-28
9-19
12-28
12-19
1
4-22
25c
20c
$1.06
l%c
25c
6c
20c
5-
5-10*
6-10
6-
1
5-10*
5-
1
4-20
4-
4-26
5-15
1
4-
4-10
5
5-1
'
50c
6-
1
5-15
25c
5-15
4-30
x—
—
_
-
Anaconda 'Wire
—
50c
$1.25
:^_jx**
5-1
5-1
..
$1.25
—
& CableL***^—i.
75c
'1'
-
25c
30c
4-13
prior
——„_i_
$1.50
prior
xx—„*
$1.50
$1.50
6%
4-20
7-20
10-22
1-21
;
Ahglo-Cahadiah Telephone Co.^
5 % % preferred X quar. )-.-i*"-**-r*—$68%c '
Appalachian Electric Power Co.—
4%%
preferred
(quar. )__***
Arcade Cotton
Mills, common—*_*
(s-a)
—_*—*****.
preferred
4-10
4-4
6-29
$3
6-19
6-1
4-30
$1
4-15
4^,5 i:
79c
4-8
6-20
Ordinary, registered (annual)—.—I—10%
Associate^ Telephone, ^Ltd^' v
n "
#,
15c
'•
1
4-19
5-17
5-10
54%%
$22'%c
Alison 'ToO'ek« M
i:
+
4-17
"
-x
.
5
r
,
„
,
:
■
—
18-28
/•
-
5- 1
6- 1
...
$1.60
.
"
-
pfeferredn(qtfarJ-*-*--***^ii*4.-v
''
6-19
6-29-
$$1.12%
4-15
5-
4-10
5- 1
-5-1
$1.12%
$1
*
4-
7-1'
mt,
.
4-15
$1.25
4-3
5- 1
8- 1
60c
Securities Co.
4-12.
.
11- 1
$1.50 1-31-47
,40c
4-19
x*.*_x*x*
Argus Corp., 4%% preferred (quar.)*_
Arlington-Mills (quar,)***,
Associated Electrical Industries, Ltd.-— -
8
6-22?
6-22
.
6%
6%
4-15
4-15;
4-12 '
4-22
6%
:
.
5- 1
.7-5
7- 5
'
'$2.25
Anchor Hocking Glass Corp.; com. (increased)
Post Fence Co.—
...
«
•,
4-19
7-1
.
V «•,
'
12%
4-lS
•:
tf
8-30
4-4
,'4-15.(
3,30
25c
,
4-15*
4-15
15c
"
'V?:
v>v— «K
,"V#i
3-30
4-12
..
1-15
(quar.)..*,
4-15
93%c
Products-
4-15
$1.50
cOmmon
1
preferred (quar.)
Clay
5-1
5p
$1
$1
$1
Co.
(irreg.)
'148*
445
4-15"
20c
—_
75c
Corp.-
—— *
$1.12%
$1.75
Inc.—
5- 1
$1.50
$3 preferred (quar.)
Northland Greyhound Lines—
5-
56%'c
.J,
,
445
.
,
,
$1.50
*
(irreg.)
.
$1.28
(irreg.)-
'
—
Brake
•
60c
6
Boston-Lighting Properties—
20c
(quar.)
Air
Electric
4-10
■
Co.
Cylinder Gas (Del.), com. (quar.)
preferred (quar.)—
:
Electric Welding Machine (extra)Money Corp., $1.20 pfd. (quar.)—
Radiator Co. (initial)
Vulcanized Fibre
York
Noma
t25c
-
preferred
American
of America—
preferred (quar.)
preferred (quar.)
preferred (quar.)
Common
25c
(s-a)_
3-30
$5c
(interim)
feiSteels' Ltd- (War.)—
Ration Corp., $2.25 preferred (quar.)
'*Alo
6%
5-1
75c
Co.-^
$1.75
$1.50
$1.50
,
Mutual Chemical Co.
AliW
4-19*
Corp. of Del.
^merican'.Service:Co.,>$3rVfd.#pkrticip'atihg
AmericanVSmelting
-Refining, common
8-5
National
Co. (quar.)
Oil
of Reo.
—
Products Co., 5% prior pfd. (quar.)
ngl°-Canadian
Bolder1
4-15
40c
(Florida)
*
JJencan Stove
}$?
When
Payable
Hydraulics,
4-30
National Battery
20c
Asphalt Roof (quar.)__
«nerican Fire & Casualty Co.
j^erican
Share
Company
American
,
5-15
;
American Beal-Kah
"4-3
6%
The dividends announced this
Ameriean
3-28
4- 3
.
"
(qubr.)__
Home Products "(monthly)
7% preferred
4-15
Michigan GasElectric Co.—
1% prior lien (quar.)
$6 prior lien (quar.)
$6 preferred (accum.)——;
6% preferred (accum.)—
Moody's Investors 'Service—
43 partic; preferred (quar.)
Morris Plan Insurance Society (quar.-XQuarterly
—
Quarterly
—*
16o
75c
■
4-16
4-15
3-20
—I.
4-15
4-15
545;
20c
Xquar.)„,—
Se Hbe
4-10
4-10
4-10
Aanerican^Safety ftazor Corp^fquar.)
■
grouped in two
12%c'
$1
25c
.*
,
6- ll
4-30,
..
$$1.25
4%% 1 preferred Xquar.)
American Furniture, 7% v^ferred
7- 8
'
40c
,
-
4-15
,4-20\
5- 1
2%c
—
Co.
preferred
•4%%
5-15
•**_*_,
25c
Gas
&
*lM
5-15
$1.75
Ektra
50c
>25c
—
:.,$l.sj.
4-8
6-1
94c
$1.50
(quar.)—
4-10
6-20
9-20
4- 3
20c
3-29
50c
50c
McLellan Stores, 5 % preferred-—
McNeel Marble Co., 6% 1st preferred (quar )
preferred
445
4-20
7- 3
10-5
4-15
4-25
4-26
4-6
93 %c
Marquette Cement Mfg, 6% pfd. (quar.)—_
Massachuset'te Pow'er & Light Assbciation—
-$2 preferred (accum.)—-.-—
May. Department Stores, com. (increased) _ _
Oil
4 % ?pfeferred new #(initial)
American. MaizO-Products Co.,
4-17
$1.35
——
$1.50
8- I
3o
20c
4-20
5-
i8%0
*.
;
AmeWcan^ork
5-24
9-10
4rIE
:>50o
Br';##-
.
•
24-47
0-10
4-15#
5- 1
5- 1
'
.
(qOar.l
American Cities Power &Xfght Corp~32.75 clhts A optional dividend ht tktb Of
A of one sharA of class B stock or c&^h.
Aeriqan^DibtricV^feraph Co. (N. J.)-~
1 W&'
-16^47
l$c
,10c
given In thd
27 %c
(quar.
Aircraft Corp.—
American Can
8-23
$1.10
50c
4-20
Inc.—
preferred
,
4-22
$1.10
4-20
6- 1
4-25
Amalgamated Sugar, 5% preferred (quar.)_
Amerada Pestroleum pprp. (increased quar.)
American Alliance lnsiiran.ee (N. Y.) (quar.)
American xAsphait Roof («
American iBarge Line Co.
5-27
60c
5-
6- 1
irowii;
(quar.)—*—*
Allied Stores Corp—*
Altmiinuih Co. of cknada, 5% pfd. (accum.)
5-21
5-10
6-12
50c
5c
Alloys,
convertible
Ail-Penri.
4-11
1
40c
■*
o--
87%c
.Extra:
45-15
1
5-1
8- 1
•
40c
50c
;
4-20
4-20
"4-15
*4-15
5- 1
-5- 1
■#:
05c;convertible ■preferred (qua'r,)(.—
6-1
13 %c
■
Affiliated Fund
Ainsworth Manufacturing Corp.
(quar)
Quarterly
Air Investors, $2 ixon-cum. conv. pfd...
Air Reduction Co. (quar.).***.******..*
4-15
6-15
$1
Aluminum
$110
Adams-Mlllis Corp.
5-
5-
>
5-10
5-10
6-15
"50c
50c
15c
$1.25
(accum.)
Etraus, Inc
Aeronca
5-20
.
\
*
4-15
50c
fecial guaranteed (quar.)
(quar.)—
'I
4-15
,
1
>•
4-19
6-15
.
(qtibr.)
4-:
Naif# of Company
Abraham ;&
11-22,.
50c 3-10-47 2-24-47
Louisiana'Potoer & Light, $6 pfd.
5- 6
dends Hnrtounted this week, these being
^;A-3o
6-1
5-
$1.33
50c
i-
$2
t$l
t25c
*;
6
5c
(quar.)_
1
4-27
50c
1—1
50c
(accum.)
GOOderham & Worts—
(quar.)
3-27
5-15
*
preceding table.
4-25
1
25c
LdeW's Bb$toh Thfeaters (quar.)—*
(quar.)
pfd.
$6
15c
^;:4^20
5-15
...4-15
J
'
• •
4-12 ##8-29
5- 1
4-15
[1
ili irirrri «n 1
1 1 1 m) immii m n.
Helo^f iye giVO :the' iiivihuhced In prevldtift
#e6ks and not yet paid. The lidt does not include divi¬
9
4-
40 c
<
Corp.,
preferred
mm*—A
1
4-10
——
f37c
Service, common (quar.)—
5% preferred (quar. )___****__****.—.**—
WooiVorth (F. W.) Go., common (quar.)**—
Extra
i
**_*—*._***-*„»*
4-16
4-15
5-
35c
—
Insurance Co.
(Hiram)
$4 convertible preference
4-19
4-30
4-20
(quar.)
5-1
5-1
4-20
4-20
4-15
$0,777
.
50c
Wisconsin Public
4-15
5-
*4- 6
5-1
'
4-15
4-22
4-15
58%c
White Sewing Machine Corp.—
$2 prior preferbhde (quar.)
4-16
5-15
Fire
Common
4-15
4-30
S.
Walker
3-22
5-
':
$1.50
41%c
—
United Stores
4-20
4-1
5-
V-000': :
''
Corb., Ltd., Glass A (quar.)—*.,
Corp.-rNbn-cum. participating preferred (irreg )_
5-15
75C
-
preferred
preferred
5- 1
5-15 &B4-19
5-20 >
4-30
4-15 :v 4-"4 '
5-1 -f ;»4-25
"
United National
4-20
$1.25
'
pfd:
(quar.)____
pfd. (monthly)
(monthly)
(monthly)
5- 1
-
40c
-37%c
Edisbn Co.. 8%
3-20
$14,4
10c
Mahtif.acturing .Co.
i%
5-21
20 c
^380
Coj,
;
:#7- 2
35c
$1.50
«9c
preferred
United
4-20
35c
—
4-11
"4-16 V-;,
'*)
#7-10
> 6-10•
4-16
:
4-16
1
r 8-
4$1.75
*
Toledo
4-17
(quar.)__—
Stores, 7%
(quar.)
PoWer
Towle
$1
Messenger Corporation
are
Pacific
5-17
Mercantile
Dividends
preferred
8-1f
<
U5o
>
5-17
5-15
—
97%0
>
Canada—
of
6-1
20c
113175 preferred tquar.)
McGraw fcle^fcric Co. (quar.)
,*March 27 figures-revised (Chicago District).
Co.
(quar.)*—
6-1
$1
Nralden Electric
.
Williams
Thiatrcher
3
25c
Iftc., $6 preferred (s-a)___
Elbb0y-Owen$-Ford Glass *****
Libby McNeil & Libby (increased)
Lincoln Petroleum: Co. 1 irreg. )*
Little Miami RR. Co., original capital
Otigiriai capital *—*!..*
*
Original "capital .,***
Original capital r_*J
Special > guaranteed (quar,) *
4-25
4-25
'
'4-30
1-4-15
7-1
>6-10
7- 1 *#8-10
? 4" 5-'k6
$1.05%
5-
5-1
_
L&mston (M. H.)
'
.^'^y
4-18
25c
10c
41'Ac
$4 preferred
4-24
4-20
*
^S^lieciftl^lttibr.anteid-
Foods, Inc. (quar.)-..^****-*-.
(Omaha), com-
.4-24
$1
J20c
(s-a)
—
4-11
4-25
5-15
5-15
20c
—
1
$1.50
(quar.)__
-
35c
quar.)
1
$142
%
"E&ra
U7-15
r;,;4-jl3 '
,
5-
75c
Kentucky Util. Co., 7% junior pfd. (quar.)
Kingan &. Co:, 4% preferred ( quar.)
.Kokomo Water Works, 6% pfd. (quar.)
Kresge (S. S.) Cblripahy (increased),*
Kroger Company,: common .(quar,)_**
: *6%
1st. preferred Xquar. >
7 % 2nd preferred- (quar.)—__
i
8- 1
,,
35c
75C
(qhar.)
preferred (quar.)
Barbizon, Inc., (quar.)—
Htffti, Foods, 6% ^refertecL—
Huyler's, $2 1st preferred (s-a)
$12d |pfd. (this payment iclears all arrears)
$1 2nd /preferred (s-a)—
Co.
4-18
7-15
20c
6%
Hotel
Battery
8- 1
5-15
4-15
,
W.
4-15
4-30
5-
1
(quar.)
preferred (initial)
GOheral Cable Corp., 7% pfd. (accum.)
General Shoe'Corp. "(increased quar.)
Georgia R. R. '& Banking (quar.)
doMifen & De'ckerstoWn RR. (ahhtial)
CtfPal; Sofithfern Life Insur. Co. (Texas)—
K.
4-20
5-1
6c
—15c
15c
Inc., com. (irreg.)
50c
5-
Special 'guaranteed (quar.)
1"##.
;7%
Sierra
4-15
(quar.)_
preferred
(quar.)
Intertype Corporation
5- 1
50c
Co., common (quar.)**
(quar.)—
Southam Co., Ltd. (quar.)
Sovereign Investors (quar.)
Springfield Gas Light Co. (MftSs.) (quar.)—
Sterling, Inc., $1.60 conv.. pfd. (quar.)*—
$1.50
Co., common
5- 6
50c
90c
9-14
:
■:< '■ 4-15
(Del.)—
50c
■
—
B
536
Balances with domestic banks
+
54
+
3,437
9,807
Other securities
+
+
ifwtsury bhls^-—Treasury certificates of indebtedness
—
Treasury notes-.——
———
1,233
72
+
,18
+ 26*
+ 254
—599
+
8
86
*
31
9*
.5
+
1,157
Real estate loans——
.loans
—
417
5-1
50c
Gabriel Co., 5%
Power
Paper,
XCommon
4- 2
5-15
1
dorp._
Ironfite Ironer Co., 55c conv. pfd.
chasing or carrying:.
4-15
5-
River
Idaho
Fine
Sherwins
5- 4
37%c
Electric Light (irreg.)
Products, inc.—
-8% prior preferred (quar.)
Fidelity & Deposit Co. Of Maryland (quar.)
4
7,506
4-11
37 %C
—
<
4-20
5- 1
47 %c.:
(The), 6preferred
Li*
$1.58%
quar.)
Sharp & Dohme, Ific.—
$3.50 cohv. pref, A (quar.)
Fibreboard
Corp.
4-30
5-1
5-15
***_^
Funb, Inc.
Berg
& W.
6%
HineS (Edwkrp) Lumber Co. (irreg.)
Hormel (<5eO¥ge A.) & Co., common
dollars)
5-1
t3c
,
Stores
50c
(initial
(quar.)
(iuterim
,
v
4-15
.
Corpnado Hotel (St. Louis)
class A vtc
Cbrporate Investors, Ltd., Class A (irreg.)—
Dallas Power & Light, 4% % pfd. (quar,)
Davenport Water, 5% preferred (quar.)
Dickey (W. S.) Clay Mfg., 6% class A—
Divco Corporation, new common (initial)
Elow • Drug (quar.)
Electrical Products Consolidated (quar.)
Elmira & Williamsport RR.
(s-a)
Empire District Elec. Co., 5% pfd. (quar.)
FrOnklin
B
*
4-30
Securities Acceptance Corp.
5 To preferred A "(quar.)
1
$3 prior preferred (quar.),—,.
Firemen's Insurance Co.
A
5-15+i
4-5
10- 1
(quar.)
S.
(Mass.)—
,
Co.
4-15
1
1
EfeJiTe Brothers Co.
Ustverhill ElOctric (irreg.).:
millions" of
Class
Scott
„
preferred
Russell
5-
$1.62%
'.
common
6-1
5-15
"4-13
10c
6% preferred B (quar.)
Reynolds (R. J. Tobacco—
Commoil (interim guar.)
9-20
5-
-
Vultee
rQttai'teriy
(In
5-
Gamble
Prentice
6%
1
50c
(quar.)
•Extra
Fall
1
5-
$1.75
—
Co.
Consolidated
Fair
10-
35c
Ltd.
3-22
;
Corp.*,
R.^public Investors Fund,
5-31
5-
Rt~d
4-15
$1.12%
Consolidated Chemical Industries—
$1 partic. preferred Class A (quar.)
,$! ,partic. preferred Class B (quar. )
Consolidated Dry Goods Co
Holdings of Treasury certificates of
Demand deposits adjusted declined
1
25c
25c
(quar.)
Columbia Pictures, $4.25 preferred (quar.)
Commonwealth Loan Co., 5%. preferred
4-20
10c
Railway & Light Securities Co.
6% preferred A™
Randall Co., class A (quar.)
5-31
1
Quarterly
Breweries
4-15
5-15
4- 1
75c
Edison, 3.60%
Procter &
4-10
1
7-
x
Chain Store Real Estate Trust
Cook Paint
indebtedness de¬
clined substantially in all districts. Holdings of Treasury
bills increased $200,000,000 in New York City, $40,000,A in the >BostOh District, and $254,000^000 at all report¬
ing member banks, arid declined $46,000,060 in the Chi¬
cago District. Holdings of United States Government
bonds increased ?$54,000,000.
(quar.)
1
7-
15c
preferred
Collins
Potomac
4-16
5-
5-
(quar.)
common
5-21
J5c
(quar.)
Central Arizona Light & Power—
$6 preferred (quar.)_
$7 preferred (quar.)
Cierro de Pasco Copper
Chain Store Investment Corp.—
$6.50 preferred (quar.)—
Coast
1
125c
Canadian
Capital
5- 1
75c
—
4-15
(Holding), Ltd.—
preference
$1.25
Pleasant Valley Wine
Polaris Minipg Co.^^,
5-15
4-25
Company
&
Quarterly A-
4-20
■
of Reo.s
■
31'Ao
Peabody Coal Co., 6% preferred (accpin.)-^
$2
Telephone, $1.40 class A pfd.—.
35c
Pennsylvania Gas Co. (quar.)__.25c
Pittsburgh Bessemer & Lake Erie RR. Co.—
4-20
5-20
i
(quar.)
Payable
)~
(quar.)_^
Lighting Corp. (quar.
Parker-Youftg, 5% preferred fquar.)—
4-30
20c
Mills
Calih;
preferred
Pacific
16c
Bourjois, Inc., $2.75 preferred (quar.)
Bruck
Share
;
Peninsular
_
common
,;5%
6
^ 'HoWeri
[v Name of Company
Fkclhe Fiiii^ce
4-15
$1.75
$6 preferred (quarj
Boston Fund,' Inc. (quar.)
1,
<2—-$500 bonds) $21 flat
:
1
XC'L-' *■<
;'
4-25
4-
5-
$1.50
cash)—
or
Cable
i
5-15
4-13
25c
stock
mon
$151
—
40c
25c
preferred
Buda
1, 1931 and sub. on
1937 coupon Nov.
»
.
$75
BONDS
Steel
Mayhew
ooo
«1
$115
D.
Baxter
of Rec.
"
(quar.)
(quar.)
Blue Ridge Corp., $3 conv. preferred
(quar.).
Optional payment (l/32nd share of com¬
Per Share
($.100 par)
——
Whitney & Son, 1st pfd. ($100 par)
Madison Woolen CO. —
——.**
South Street Trust, $15 paid in liq. ($85 par)
American Wpod Products Corp., common
Units Thompson Spa
American Locker Co., class B ($1 par)
somerville Trust Co.
Holders
.
95c
(increased)—
'
$7
STOCK
"
*
V
46°
•
Company
When
Payable
Skate
Birtman Electric Co., common
....
Shares
&
Beverly Gas & Electric
D&3T& Co:,Boston/On'Wddnesdayi
•fransadfcd
X
Per
Auction Sales
2051'
^
1«|5^
5* 3
1™ 194«
April
tm
Atlantic
:4
$1 % 5- l|
City Electric, 4% preferred (quar.)
Atlantic Refining Co.—
"li
5
1
,4% preferred A; iquar.)V---r*^.--»V»-—
$1
5
90c
■V $3.60 preferred B (initial).......—
1
25C izmmx
Atlas Plywood Corp. (quar.)
5- I
Atlas Powder Co., 5% conv. pfd, (quar.)__
$1.25
Ault & Wiborg Proprietary, Ltd.—
5- 1
6%% preferred (quar.)
—
$$1.37%
1
Aunor Gold Mines. Ltd. (quar.)
—
15c
4-25
Austin Nichols. $5 class A (accum.)——
$1.25
5-1
Avondale Mills, commott (monthly)—1
5c
$4.50 preferred (quar.)
61.12 4:4 5- I
4-30
Axe-Houghton Fund, Inc._
100%
B,
Inc.
100% ; f4-30
i'ytik*
8:
■
p
Babcock
pf
Wilcbx,
&
Baldwin Co.,
Co.
Uo.
.
__———
4-24
4-15
II
I
4-15
4-20
4-20
3-30
4-15
&
"/
6-11
1
9-10
1-2-47
12-10
♦-4-20
4-15
4-1
&
4-15
5-1
4-20.
75c
5-1
V 4-20.
J$2
4-15
4-20
4-15
Boeipg Airplane CO. (resumed);—
$1
4-19
Bon "Ami Co., class A (quar.).—»——-L-;
; Class
B (quar.)
$1
'ii 4-30
'k 4-30
Borg
.Mines:
W.)
,$62%0
20c
—
Brantford
Cordage,
3-30
,
(interim)
—
4-15
4'15
3-20
4-15
3-20.
I
Annual
6-20
$50c
-
6-20
$20C
Pulp & Paper—
.7% preferred (accum.)
British Columbia Telephone—
6% 2nd preferred (quar.)
Broadw-.y Department Store,
$ Common
(irreg.)
6%
preferred (quar.)_
Brockton Gas Light
-
-
"
$$1.50
—
1
4-19
;
22c
t
$25c.
.
•
40c
f
20C
6-
$1.12%
(auar.)
4-
65-
8
\
-
5-1
1
Mills, Ltd.—
(quar.)—
participating (quar.)
Calgary & Edmonton Corp., Ltd
California Electric Power, $3 pfd. (quar.)_—
California Oregon Power, commonu 6%
preferred (quar.)————
6% preferred (1927 series) (quar.),
7% preferred (quar.)_—
California
Packing Corp.> com, (quar.)___
5%
preferred (quar.)———-—
California Water & Telephone—
$1.20 preferred (quar.)________
;
Camderi Fire Insurance Association (s-a)—
$37c
5-
5-
1
1
•-
$5c
75c
,
4-16
5-
l
4-15
r
37 %C
4-20
3-30
$1.50
4-15
3-30
—
$1.50
4-15
$1.75
Canada Northern
5-15
62 %C
Power
Canada
Steamship
5-15
4-30
4-30
50c
•
5-
5-
,
1
(s-a) —L—
4-15
4-1
4-15
4-
6-28
1
.6-10
$$1.75
4-15
$$1.25
$31c
———
common
3-21
5-
$37 %c
>20
4-15-
$50c
(quar,)
Ltd.,
4-10
1
Dixie
5-
1
5-22
4-29
4-30
4-
s—
$$1.50
2
:
•5%
Associates
Central Hudson Gas
•
Central
(quar,)
4 4%%
preferred
.-4%
Chase
Inc.
;4.5%
5%
4
iu»:
4-15
$1.17
-J6%
Corp. (quar.)Eastern Magnesia Talc
4- 6
4-25,
$i
.
i—-
•
,
5-
15c
i
Sl/„v
40c
■
,
3-30
$1,25
.
1
4-15
A;■*increased)——
,
(quar~)i.^
i.—
$5
1
5-
4-25
5-15
4-23
4-13
3- 6
6-
1
6-15
9-
2
8-13
(buer.)
Share
J*-
20c
•15ft-
:
R-" T
4-1T-7
4-20
:
Qiurfonlv
.Quarterly
Quarterly
4-15/
:^38'VV4
.
r:
5- 1
"
5-
4-15
1
<
1
3r-28
:
'
4-30?
3-30
.
t
4%%
.
t:
5-
1
■
N.
'
preferred
4-15
i
4-
4-15
3-30
4-15
3-30
4-30
4-15
1
4-25
$4
-
5-15
On
5V14-19
5-
4-15:
4-6.
25C
5- 7
15C
$1.25
$1.25
/
:;5-
11-15
4-16
1
4-45*
-.:30C
/4-15
20c
4-15
7
4-15
*
4-
$1;50
v6-.
;
$1.50
Y~)
3-14
■
i»'
;5-' I '
Corp.
(monthly)
9-16
V
La
Halle,
Finance
new
10c
vSl sr;
•
.
37
%£
4-15
4->l5
-
v
.
3^0. 'Mi
-
30
$1.06% V
4-13
30
4-20
5-15
4-25
5-15
4-25
15c
4-26
4-16
25c
4-15
4*
—
V
•
;
lc
::i
I
"'V.-A
1
9- 1
8-21
12-1
11-21
5-21
5-15
4-10
25c
5-
1
4-15
40c
5-
1
4-11
$15c
4-15
3-29
35 c
4-15
3-30*
93 %C
4-15
3-30*
:25c
(quar.V----__^^—
$1
5-
1
4-15
$1.50
6-
1
5-17
..v
preferred
5- 1
15c
4-10
•
(accum.)
:
-
75c
______
V" *
-
(quar.)
(quar.
6-29
$1.23
and.
Bond
*
$1.25
25c
Group
of
5-20
convertible
*
4-30
3-28
4-15
4-2
50C
6-
1
4-30
20c
Canada,
6-1
4-30
5-
1
4-19
5-
1
4-19
•40Q:
$1.12%
$20c
4-15
.
4-15
$37%0
-
4-15
3-16
$1
Ltd.—
4-15
3-30
-
J
•
5-
5-
(quar,)._
35c
-
:
iouar.)^.;^
V
■
30c
30o,
*
(quar.)__
30c
V":
iuVJ.,
f'/
,
■
'
''
"4-20
.8c
,
:
V
,4-15
13c.,
.
?
445
$75oj
.
Dommen tquar.)_--_^_-_^___i_____s
Common
1
■4-15
£ _v
Iron-EireaupaiManufacturing Co<—v,.
Common
1
5-
7%c
——
1
■-
_______
)6% •,convertible :t>ref_. (quaii)___,
layestora »Fund_ VC". Inc
Investors Mutual (irrer,
.
3-15
3-15
4-15
5-
65c
'
(quar.)
1
25c
'
preferred
5- 1*
20c
shares
.
Co.
9-20
12-20
30C
/
.Corp., common (quar.)
preferred
(quar.)_.—
Nickel
6-19
9-30
12-30
$1.25
■
-..ioc.-v;
-V -V/ <?•'
1
6-
:
'
V. zi'tz;
•4-15
5-
25c
7 25c
■
'HiU-'-i '■
3-30
25 c
.
l'-4
4-15
4-25
25c
;
■
m
i
1
5-
$1.25
■
(quar.)____
Inc.___________________Corp., common___
Department Stores, Inc.
Ihvestmeht: Foundation^ Ltd.-**
3-30
.
5- 3
>75c
par value stock
preferred
"€%'
^
56e
n
3-29
$1.25
(N. Y.)
International. Resisting Co.—
3.-20v
.
4- 9
4-15
5-15
preferred ($100 par)
(quar.)
$1.75
7% preferred ($5 par)
(quar.)——8%0
'
;
6-15:
V4-25
4-9
4-30
.
.7%
4-19;
.
4- 1
4-30
5-
-93%c
100%
,
Interstate
-10c
/
(quar.)
preferred
International
4
4-15
4-15
4-16
'•
;
•
3-14 *
:
v
1
5c
30c
Lighting & Power Co.—
preferred (quar.)_
4%%
5-17
4-23
50c
*
International Bronze Powders, Ltd.—
Common (quar*)
6% participating preferred (quar.)
International Detrola Corp. (quar.)
international Harvester Co, (quar.)__
International Milling Co., Ltd,—
4% preferred (guar,)
8-16
12-1
35C
do
Stock
4-5.
1
68%0> 7'o®- 1
Interchemical
4-16
6- 1
9-
Sugar
5%
4-0
4-30 1
$1.25
-
•
;4-15
-
4-15
(quar.)—j.___Institutional .Securities,. Ltd.r~
Ayiation Group shares—
4- 6 :
'■/ 35c
4- 4
5- 1
$1.12%
Incorporated Investors
Indianapolis Power & Light
5-
1
3-29
4-24
—
i^f?fred -(quar.)
Illinois. Zinc Co. (^uar.).
4-15
1
4-15
40o
68%c
v
5»
3-30
:
4- 6
■/V $1
5%
...
4-10
.v't-V:
5-10
4-20
$1.50
$1.75
common
Investing, $7 pfd.
Huttig Sash; & Door Co.—
6-20
5-
preferred (quar.)
Hutchins
0-20
5- IV-
4- 8
1
6-
Refractories Co.—
preferred; (quar4__^_.
Huron Holding Corp.-V-'
"
3-15-
4-15
60c
$22%c
Hummel-Ross Fibre Corp.—
5- 1
6-29
$2.40 preferred (quar.)
Cotton, Ltd, (quar.)__
Houston
4-10
9-30
Canada—
Bros.,
3%-"%--
:
1
4-15
.
Realty~CoTof
preferred
Household
r
4-1
4-25.
$2.50
(quar.)______
3-30
V':v $$4
Hotel
3-15>
.
V$2^0i^ LO' I
convertible
4-15
Horn & Hardart Co.
-5-1
.
_
'stores^:-lnc,r -common
9-25
$$1.50
,
:4ft 2
4-15
--62:50.
yr^rrfeSelvniift
4-10
4-2
1
$1.05
(quar.)_^
A-.:,v '
6
r~v
3.6%. cWafe»eA5 fpuat^:
preferred
....
3-30:
5-
30c
.
'
6-29
1
(Henry) & Co., $1 class A (quar.)_
$1 class A (quar.)—
61 class A (quar.)
Home Oil Go.-; Ltd.
(annual)_.
Horder'Si
Inc
(quar.),
*
.
1
Holt
3-31
25c
V——'"
(quar^—^
Ins. (Syracuse,
'
7-
10-
Holly
3-31
4-30
$1.12:%
~~"
3-30
—
3-26
€-30
6-1
$1.50
(quar.)
3-20
4-15
_______
Migbee fpojpttiumn' (ouafv)i-_j___________
:• 9^% •preferred $quar.)w___.___A-w***-W
HOlly Development Co. (qt»r.)____—
12-21-/ 12,-9:
■''■■
7-24
4-15
$1.25
Hibbard Spencer Bartlett k Co.
4-15.
5-1
$1.50
-
8-
(Montreal)
| vti
6- 6:n
fteaace
,
V
-
4-15
4-15
$1.50
-
4-14
7-24
!
Mercutes pnwcler Co.; com; (stock-dividend)
d5% preferred (quar.)
Hershey Chocolate Corp., common (quar.)__
4-15
1':.
4-24
8-
30c
(quar.)
'
3 %% .-./preferred' (quar.')____7__2_/_Vai:a
3-30
5- T
4-20
5-
$1.25
*
3-30
;
50c
n-
19
iir,'-„
-4-15,
4-20
3-30*
4-25
5c
«
(quar.)Fair (The). 6 % preferred.
(quar.)___,^._
:> Fairbanks Co. 6%
pfd.
•
5-
Western
Hecht" Company,
V:
87 %C
.Extra.
Farmers & Traders Life
4-17- :"'J
-%v•
25c"
4- I
•
4*1,
$1.25
4^15/
$l.i75<
3-30/
4-15
Co.—
_______
5v.
4-15.
'
4-15
6-28
5-
(quar.)
BaJ^fovd Timefl. Jnc., 5%%
Hat, Corp ol America, 4%%" pfd. (quar;) _:_
Barvard /Brewing^Co
4-15'
4-30
1
$$1.75
Y.)
Schaffner & Marx
1_
Hartford. Electric Light (quar.)
6- lv *'!
4^15
5-15
5-
30c
Hart
4-13
*
5-15
6-15
5-15
30c
.Harrisburg Gas Co., 7% preferred (quar.)
,4-10
-yj H'c
5- 1
4-10
3-29
6-15
4-15
4-6
8-12
4-15
'
Co., $6 pfd.
■
"
4-25
4-15
5-15
6%
4- 6:
4-15
(quar.)
:
____________________—_________
Harbison-Walker
9-3
$1
common————
Esquire, Inc.-.
Eureka pipe:. Line_^__
Eversharp, Inc., common
3-22
4-10
1
Hamilton
4-16
4-17
4- 8
4- 1
4-25
6-
'
Exeter &;Hampton Electric
20a
4-5
4-20
$1.12%
Phonograph Corp, (quar.)
Group
Associates
(quar*)J *._
Erie Railroad
Co., $5 pfd. A (quar.)____r
85 preferred A
;(quar.)__
;
$5 preferred A (quar.)
4-15*
4-25
5- 1
34%c
8-6
:
4-16
4-10
1
5-6
8-15
.5- 1
Emerson Radio &
4-15
250
4-10
.
4-15
5-25
4-30
4-20
5-
7%
50c
Employers*
4-1*
1
Inc.
-
preferred
Guardian
15c
(quar.)
4-12*
4-15
.
&
3-30
4-15
$5
$1.25
Co.,
preferred
5-30
4- 3
4-20
Halle
3-29
50C
(quar.)
Products
5- 1
4-20
(accum.)
$50c
Gurd (Chas.) & Co., Ltd., 7%
preferred--—$$37.33 %
5-14
25c
5-10
3-30
4-10*
30c
Quarterly
20c
———
Electrolux; Corp.
4-15
$1.25
Clint«r WorkS CO.;-7% pfd.
(atiar.Vw''<■
Coca-Col» Bottling Co. 6f St." Louis (quar.)_
•
1
4-15
—--i—
Electric Bond
r 4f30
'
•
Co.,
—
4V2% : Preferred
4- J
$1>
■
(Increased-quarsji.1
preferred (quar.)
6-
30c
A;
—
Quarterly/
Ekco
4-11
6-1
5-
.
s.
6c
darbstat M^nufaeturing Cov - (initial)—
CIewela*»''*. Cine. Chicago & St. LbUiS'Ry.-i.
50c
75c
Eastern
Extra
5-10
75c
6-15
V
-*
4- |
$1.25
common__i._-__-.__—
Brewery Co.—
5y2% conv. preferred
(quar.)
Griggs Cooper & Co.—
5% 1st preferred (quar.)
5% 1st preferred (quar.)
5-15
1
^
4- 9
$1.25
v
common
4*. 9-
$1.25:
(N.- Y.-)
1
7-
—
Quarterly-
1
•5- 1
.^r-i25c-
(quar.)
3-25
4-17
1.25:'":
Guarantee Co. of North America
$12V2c
4-30
,
commonv(iquar,) vV*f-.20c-
Brewery/(Rochester); -Classr{V;V25cr
Griesedieck
4-18
6-
$$1.25
6-3
41-30 it
♦5- 1
(quar.)^
Green (H. L.) Company
(quar.)
4-18
1
25c
Ltd. (quar)
(quar.)—
;
—
1
5-
$20c
T- 2
3-29
5-25
-
«.
Clasa*.B.;
$7
7- 1
.V
$1.12%
; $4.50
preferred (quar.)—
Duquesne Light Co., 5% 1st pfd.
(quar.)
Duro-Test Cprp.
(s-a)
Dwight Manufacturing Co. (increased
quar.)
t
—
4 City- Tiife- Insurance-Co.
'
4-10
New Orleans &. Texas
Pacific
Co., common.
5-
$2
-
Eastern Massachusetts Street
Ry.
6%
preferred B (accum.)
Eastern Township Telephone
(quar.);,
Cla^s
4-20
■.:? 4-15, ;
$1.25. h 4-21
;
(quar.)
(lrreg.>——
(quar.)
Co.,
•
Preferred
preferred
4* t
4-15
75c
——
^
Co.-—.,--«-_■
preferred
Stores
4-30
4-20
$1.75
——
3-30
u
•
Citv
3-30
3-30
-15C
vsArJb
-
(quar.)-*--—;
Cincinnati
4-15
25c
$4 preferred A (quar.)
DuPont (E. I.) deNemours & Co.—-
1
5-25
4-20
Great American Insurance (N.
Great Lakes Power Co., Ltd.—
4-15
(quar.)—
5- 1
i.
Chicago. Milwaukee, St. Paul & Pacific RR.—
5% participating preferred A
(initial)—-*
Chicago & North Western Ry., 5% pfd. A—
Chickasha Cotton Oil
•
5-
.
;
4—
Chicago & Fastern Illinois RR. Co.—
V $2. class A
,
Chemical
4-15
Eo
(Boston). (ir$eg.)
Quarterly
7-10
*
—
1
10-10
«
50C
•
4-20
3-25
30c
4-10
$1.50
4-4
-
3-15
5C
4-10
25c
4-15
-
---
Fund,
4-25
4-25
17%c
—
5-15
■
4-15
4-2.5
25c
Co.—
13c
•,V;r
(quar.)-i
Wire
Products
Dominion Woolens &
Worsteds,
5- 1
;
$5.25
Products, 6% 'prior preferred-
Cherrv-RUrwoU
.
'
■
6-15
50o
—
Corp.
National Bank
Chemical
4-15
.
*c
•
7%c
25c
—
37 »/2C
preferred
Central St^e1
Co
12 %c
Central New York Power, 5% preferred
Central Power & Light Co. (Texas)—
Certainteed
3-31
•
4-8
/
<
.
$1.25
£5c
;
Yard
—
••
Central Kansas Power Co.—
4-15
.
50c
—
(quar.)
& Electric—
Investment
4-20
5-1
4-15
(quar.)--—
$30c
Extra'. ■
ri—■ $10c
Dominion Tar &
Chemical, common (quar.)
$25c
Voting trust certificates (initial)--—
"
$25c
Dominion Textile Co„, 7% preferred
(quar.)
$$1.75
' 3-29
3-29
5-
tl5c
Common (increased
r
.
"
6-1
■
$2%C
-
-
Aguine
13
4-15 ' V 3-15
/.
,
Ry.
Corporation, common
preferred
(quar.)
Central
'
4-30'
quar.)
Ohio
5-15
Co.
Common
Dow
(quar.).
Carrier Com.. 4% preferred
(initial)..
Cassidy's, Ltd., 7% preferred (accum.)
Celotex
•
4-30
$$1.75
$10c
$4e
—,
——
&
V
•
$$1.50
—
(increased
-4'
Clinchfield
87 %c
'
5* 1
25C
$4.50- preferred (quar.)_.——/ $1.12 %
State Co., common40c
Goodyear Tire & Rubber, com. (increased)75c
$5 convertible preferred (quar.)—______
$1.25
Gorham, Inc., $3 preferred——.. $3
Gotham Hosiery Co., Inc. (quar.)—t
25c
Grace National Bank (N. Y.) (stock 4iv.)*»
9.09%
Graham-Paige Motor Corp.—
- >
"V : /:
5% conv. preferred (quar.)
31 %c
Granltevilie Co, (quar.)
30c
2
20c
(quar.)
5%
preferred
(quar.)—
Dominion Oilcloth & Linoleum
•
■:
Golden
4-20
—
4-15
$$1.50
—
Marconi Co.
Canadian Oil Cos.—
Common
3-30
4-15
•
Canadian
Carolina
4-
—
$15c
$25c
Canadian Industries, Ltd.—
Common A
(increased.)
•Common
B
(increased);J 7 % preferred (quar.)
Canadian Investors Corp. (quar.)
'4$--' Extra
4-15
Ltd.—
^Regular (quar.)1 ——
-——%
If;;' Extra
•
4-15
iquar.)
4-lf
3-30
u/4-20
/. 4^22
30c
Gimbel Brothers,^ Inc.,
6-14;
V 5- 1
Co., Inc, (resumed)——
! ioc
Mines; Ltd.$30c <
Dominion Dairies, Ltd., 6%
pfd. (quar.)_„
$43c
Dominion; Engineering Works, Ltd.-.
;
$$2
Dominion Fabrics, Ltd., common
iquar.
$20c
«% 1st redeemable? pref>
fguar,).—$75c.
Second cumulative
-preference (quar,)—
$37
Dominion Glass Co., Ltd., com.
(quar.)
$$1.25 7% preferred (quar.)—
$$1.75
Dominion Malting Co., common
(quar.)
$20c
*1
•
6-29
37 %c
Dome
4-29
5-22
-$i
<quaLv)i^~---i_-^£:-^_3 ,37%xx
Inc.
$5 preferred
4- 1
$1.12%
Dodge Cork
4-10
$18%c
—
iili
4-15
6-18
.
Stock
Home Stores
25c
T5c
u
4-15
5- 1
4-15
.
-
—
$25c
——
6%
preferred
(quar.)—:
Canadian General Investment,
Steel
4-30
.
30c
(S. A.) Co., preferred (s-a)__--—25c
Gibson Refrigerator Co. (quar.)_
^
15c
Giddlngs & Lewis-Machine Tool Co.______,__
25c
Gillette Safety Razor com (increased.*juar.)..,
50c
..
4- 2
~
Converters Co., Ltd.—
Class A Vquar.y:
Canadian Fairbanks-Morse Co., Ltd.—
V.M
v
ft
—■
Canadian
1
8-22
'
?15c ••'V: 4-25:'' 3-20
V
Ltd.————
Canadian Car & Foundry Co,,
New Class A (initial)-
30c
Dewey & Almy Chemical, $4.25 pfd. (quar.)
$1.06%
Diamond Match Co., 6% partic.
pfd. (s-a)
75c
Dlckerson (Walter T.);Co. (s-a)
$1
Discount Corp of. New York
$2
Distillers Corp.-Seagrams—
*.*f-tv-i.il'
; 5%
preferred /(quar.)
i,—$$1:25
Dividend Shores,
Inc.
2c
Corp., Ltd.—
,
;',4- 5
4-15
——
4-10
$40c
$30c
$50c
j
—
•Canadian' Bronze Co„. Ltd., nam.
5% preferred (quar.)
Edison
65c
^c
Gerrard
4-25
'7- 1
/
4-15
3-30
4-15
4-15
5-10
___.
Genesee
4-5,
4-15
Mills,
General Steel Wares, Ltd.,
5%
preferred' (quar.)
4-19
30c
1
4-15
1
General
4- 1
$1.75
(quar.)—.
:
Detroit Gasket & Mfg. Co.—
;
Detroit-Michigan Stove Co.—————
'5% preferred (quar.)
5% preferred (quar.)—
3*30
'
UniOn
Detroit
Detroit
30c
Ltd., common—
Lines,
'
4-15
$2
-
Common
iouar.)
»
7% preferred 4quar.)——l—1.^
i
4-25
/ 25c
$1.12%
1
ioo %
______
preferred
Denver
3-30
4-15
37 %C
—
Ltd.
5- I
—
.
3- 9*
5-
6-15
9-16
3-30
4-30
*
(quar.)—
$6 conv. prior preferred (quar.)
;
6%
convertible prior preferred
Dentist's Supply of N. Y.—
New
common
(initial)
Denver, Dry Goods Co., 4»/2% pfd.
(quar.)—
-
1
Foundries,
4-15
,f:5c,?>
V
,
4-10
4-25
5- I
1
25c
non-cum. j»fd._-.
class A 4guar.)—_—
6 % preferred B (s-a)
General-Investors4 Trust
5-4
'
-
4-10
5-
$20c
—
preferred ts-a)
Canada Machinery Corp.,
'
Delaware Power & Light Co. (quar.)—;
Delaware Rayon, 7% non-cum.
pfd. (quar.)
Dennison Mfg. Co., $8 deb. stock
t
'
2nd
6%
i;-'
5-20
$1.31% '
—
M 4-15
;$1.50
$&0c
V;
General Finance. Corp: (quar.).»...._i_.._
5% preferred.A <s-a>*M...^.—....
4-10'
-6-14
^
•
"
———
"':' 4-26
1
$1.50 1st preferred
.
'
DeVilbiss
Caldwell Linen
Canada Iron
5-21 '
-20o-
(Alfred) «fc Cohn (quar.)———
Quarterly 1—
Company, common (increased) —
7%
preferred
(quar.)
-u—
4-11
4-18
'
7-
3-30
65c
—
-
(quar.)
$2, Class A
5-15
10- 1
:$85o
4-10
4-10
60c
—
4-18
4-lg
4-20
7c
__
Decker
4-19
v
1
$1.75
__
1*
4-
5- 1
Brothers
Common
ioc
4- 5
1
1
4-22
v
—
Dayton Rubber Manufacturing Co.—
3-22
;
.:/-l5ov1' /t 4- 5
-
80£
'
5-
4-15
?-•
40c
.
4-15
5-
4-15
4-25
;
3-30
5-15'
6-1
'
8-20
11-20
3-29:
6c
•
l
37V2c
37Vjjc
.
5-20
1
4-15
5-15
50c
-
-
6- 1
9-
12-
$25o
15c
V 25c
iscv
-
3-31
4- 4
5- 1
43%o
~<quar;)—
' "
*
Gardner Denver Co., common (quar.)
/
A3 nenvertible preferred :(quar^—-7___;General Airtline-A Filip:.Corp.-^ciasS Atirreg;)/
4-15
"5-1
4-15
17%c
l7yao
17%c
,
Fulton Iron Works Co., <6%
fsrt-FyieirVci.,
"
.
-
(quar.)-
preferred
Davidson
4
4-
4-15
4-15
4-30
$1
common——.
„
4-19
'&%»:■
•«
$1.02'
,
;
5- 1
4-15
.
50c
i
preferred (quar.)—-Burroughs Adding Machine Co. (increased)
'
-
-
4-16
50c
Bullock's, Inc., 4%
si
'
Cudahy Packing Co., common (quar.)4%% preferred (quar.)
Cuneo Press, Inc., common (quar.)
3%% preferred (initial quar.)
Cunningham Drug Stores, Inc—
Curtiss Candy Co,, preferred (quar,)——
4-15
5- 1
$1.25
_____
preferred (quar.)
Co., 7% preferred
3-30.
-
'
Byers (A, M.)
4-15
12VtC'
,"$1.75'\
(quar.)—
Cuban-American Sugar Co.—
7% preferred (quar.)
Inc.—
Brompton Pulp &. Paper Co., Ltd. (quar.)—
County Trust Co. (s-a)
Brooklyn Union Gas Co. (quar.)——--—
Brown Shoe Co.. Inc. $3.60 pfd. (initial)—
4%%
8%
^
——
Brothers,
'5-
$$1.75
1-
Bronx
Butler
5-15
.
(quar.)——
preferred
7%
7%
4- 6
4-15
69c
—
9-10
-
,
1
$5.25
3-30
—-
British Columbia
preferred
Cornell-Dubilier Electric Corp.—
4- 1
6-10
6-15
4-15
3-20
4-20
12c
,
6 -'I
Crown Drug Co. (s-a)_
.———
Crum & Forster Insurance Shares Corp.—
<
Common (quar.)
4-15
—
4-30
12-10
——.—-
common
50o
6%
.;
7%
4-19
4-4
5-15
' 25c
-
Quarterly*
3-30
-
4-15
9-15
(quar.)
Corn1 Products Refining;
4-19
Bridgeport Hydraufic Co. (quar.>—w—— •,r. iJi:350i > 4-15 r
4-25
100% s
Briggs & Stratton Corp. (stock dividend)
Bristol-Myers Corp.—;
•
3%% participating preferred (quar.)-—
93%0
4-13
British Columbia Power Corp., Ltd.—
Class A
(quar.)$40C V 4-15
.<&*
,
4-
12-15
New common (Initial)"----------.—Corn Exchange Bank Trust Co? -(N.* Y.)—-*
,
3-23.
4 '
4-15
$$1.50
■
Continental Steel Dorp:—
:
4- 3
1
5-
<
4-15
;
6% preferred (quar.);.
preferred (quar,)
FoundationDo. of Donado; Ltd.
Franklin Telegraph (s-a)
Fraser Co., JM. (quar.)
—s?
Froedtert Grain & Malting, com. (quar.)—
Dominion .(stock dividend)
62.20" preferred. $quar.)—
4-1
4-25
Shares
Foster Wheeler Corp.,
4- 1
4-10
4-15
4-25
1, 75c
Fort Pitt Brewing Co.-—
Foster & Kleiser Co, (irreg.)
3-30
4-10
$$1,50
,
Consolidated Paper Co;
(Vancouver)—
'*
I
I-
5-1
4-20
.
$$1.50
—
Consolidated Royalty Oil Co
Consolidated Bteel Corp., $1.75 pref. (quar.)
Container Corp Of America——————
$32%o
"
Ltd., com.
Brewers A bistillfers
'S
2
420c
tnyaC
|$li36-preferredK (quar.)—
.-Extra
1
4-
;
,
3-30
4-10
(quar.)
$1.25
Consolidated ^Natural Gas Co.- (s^ft).-.--f -50c
4-10
60c
,
4r
t
4-15
4-15
% 4-16
"/Vi*
16C
(Boston) —
Quarterly;
-----;
Brajorne Mines. Ltd. (quar.)
,
-
'
5c
;:
'
Corp
Boston Edison Co.
(quar.)
Boston Personal Property Trust
(Geo.
4-15
/
,
4-15
$5' preferred
4-v4
,
3-30
4-15
4-15
,
Fund
4-15
*
10c
25c
,
.u—
-
4-12:
4-15
1
Trust
Mutual
-
J
lloratri
o/fieo,
"
preferred (quar.)--.--»^-«-*^«-v
preferred (quar.)
Fleet Aircraft, Ltd. (interim)-,
Fleming-Hall Tobacco, 6%
pfd. (quar.) *«,
Foote Bros. Gear &' Machine Corp., common
600 convertible,,preferred (quar.)
—&
;
4-24
(Toronto)-
Quarterly
Connecticut River.Power, 6% pfd. (quar.)-Consolidated Car Heating Co. <quar.
Consolidated Dearborn? Corp; "(Initial/quar.)Consolidated Edison cov of New York, Jno.r*'
4-25 V.-: 4-15
\$62%c'
.
.iQuarterly:
Quarterly
A- ili.
■
5-
:
4-20
"
"■
4-10
;-u
4-20
5-15
Payable
$1.75
Fitchburg Gas & Electric Light________^_//
Fitzsiramona Stores, Ltd.—v
1 ■
7 % preferred (quar.
4-20
5- 9
-
4-18.
-415c
—
Confederation Life Association
3-23
5r 1
*22%c
.•
4-15
5-15
—
3-30
$1
........
"
4-»15
/
50C
Bloomingdale
i
%
4-30
1
4-30
$L50
Hedges. $2 conv.;pref. (quar.)——
Biddeford. & Saco Water Co. (quar.).—.
Biltmore Hats, Ltd* •<quar.).—
•'Bonanza
3-20
35c
Benson &.
I
V'
35C
Associates, common ———.—
Beaux-Arts Apartments, $6 1st pfd. (quar.)_
f
$3 prior preferred (quar.)
Bel! Telephone of:Canada (.quar.)
Bros;; Inc.——
Blue! Ribbon Corp., Ltd.; 5% pfd.- (quar.)
>
$26C
/■'
Beacon
3-31
/5-15'
'
3.0C
—
%■
4-15
8
4•
4-15
First
5% pref. (quar.)$1.25
6% preferred series A (quar,)———-—$1.50
Cum. preferred 5%. series {quar.)——.—'
$1.25
Columbia-Pictures Corp. (stock dividend)-2Va%
Columbus & Southern Ohio -Electric—
f
^ f
4% %^ preferred' (quar.)^- $1.06% •
Combined Enterprises, Ltd., 5% pfd. (quar.)
i$1.25
Commercial Alcohols, Ltd.,- common (quar.)
|5C
^
8%
preferred (quar.)- $10q
Commercial Discount (Los Angeles)—
1
;
7% preferred (quar.)——17^0
I'8% preferred (quar.20c
Commonwealth Edison Co. .-(quar.).—*—,
^5c
Concord Electric Co., commott (quar.)——.
60c
v6% preferred (quar.)—
:—
$1.50
Concord Gas Co., 7% preferred (accum.)
$1
"
5c
4-15
4-15
5-1
100%
—
Columbia Gas & Electric,
4-13
10-
4-19
V 3-20
'
8%C
8%C
dividend
Stock
4-11
7-1
8%C
pfd. (quar.)_
7% preferred Uiuar.)——-—
7% preferred (quar) —
——
Bangor Hydro-Electric Co. (increased)--——
Bartgls::Brothers
Bathurst Power As Paper, class A (quar.)—Baystate "Corp. J
;
250 }>
t$5
preferred (quar.)—,
Ferry Cap & Set Screw Co. (irreg.)_'__-__^_Filene's (Wm.) Sons Co, (quar.)—
1.^
Fireman's Fund Insurance Co. (San Francisco)
(quar.)
Firestone Tire & Rubber
7%
ll- 1
,5-15
1
'1
*61.75.'-y
—
5-10
4-30
v
25c
25c
When
Share
Fenton United Cleaners & Dyers—
Je¬
12- 1
+25c
'
.
■■.yPbr.-:":
Name, ot Company
of Rec
*6- 1
r
{250
.
4-19
17%C m 4-22
(quar.)
Baltimore Poreclain Steel, 7%
(s-a)
Colgate-Palmolive-Peet Co.—Common (quar,)
■
7% preferred (quar.)—
—Colonial Mills (initial 'quar.)
Colonial Steamships, Ltd. (interim)
'
Columbia Airci aft Products, Inc.—
4- 5
4-6
4
.—:—_—
preferred (quar.).,
6%
Rubber
Baldwin
Co.. Ltd,
Ltd.
Plow
Semi-annual
-
■
Cockshutt
t
■
Holdert
When
Payable
Share
Name ot CoiManM^/rp-'"-
4- 4
•
.
'i : ,•
of Reo
Payable
Share.
Per
Holder*
When
Per
Hame of Company
ft )•'
6-10
9-3
12- 2
4-
8
3-25
3-153-30
3-30
5-10
8-1°
11-9
n'r>
,,Af
,
'SiSic
,>**^*i?
..**
*•
*
-
•«
«.*w
■•-'•
;^"&'<>5V
'V*'.'
:■■•'
Number 4481
163
Volume
:>:•
Company
Name of
■
';'■
Mk
Per
,
Trust Co. (Providence)—
preferred (quar.)
(John) Shoe (resumed)
™,v.—
(P. L.) Co., 5% preferred (quar.)™
Lobs
& «Johnson—
2nd prexerred
4%
•
S-3
Series
4-30
5-1
4-15
5-
1
4-17
5-
1
4-11
$1,061/4
•87i/2C
Power
&
4-1
National
4-15
3-18
National Electric Welding
'
5-1
$1
4-15
3-30.
4-27.
4-30
,4-9
$1.25
4-30
4- 9
20c
4-20
4-
311/40
4-15
3-31
■
$1.50
4-15
$5c
4-26
3-29
4-15
3-30
3-30
42ci
i.
5*
v
25C
12-23
12-2
8C
5-20
4-20
4c
5-20
4-30
$1,121/2
$1.75
4-15
4-16
Lit Bros.,
25c
1
5-15
4- 5
8-15
7-5
25c
11-15
10- 5
1
4-15
561/4C
5-
6%
50c
4-15
preferred
Class
3-30
8c
4-15
3-30
75c
4-15
3-30
37 %c
4-25
4-15
4-15
4-
5-
4-15*
1
1
4-15
37 %c
4-
$7
1
25c
5-
1
9c
$1.12%
5-
1
4-19
4-15
4- 4
311/4C
Northern Indiana
5%
(Fort
30C
5- 1
30c
811-
30c
6-
6-21
$3
....
$5
5
4-25
4-20
7- 1
preferred
6-21
Nunn-Bush
3-30
Ohio
37 %c
4-25
3-30
Ohio
$1.25
4-15
3-30'
311/4C
4-15
3-30
88c
6-13
5-1
par)
(quar.)
Louisville & Nashville RR. Co. (quar.)
Luzerne City Gas & Electric.—
4%% preferred (quar.).
$1.18%
$1
$12C
'
5%
Shoe
Inc:...—,™JL*
Match
(Minn.)
4-15
'9o
4-15
:4t-
4-H5 "
-3-31
3-31
1 a*
v
4-15
3-20
5}" er (I.)
Miller
3-20
30c
4-30
4-15
22c
4-20
" *
.
4-15
3-30
t25c
4-15
3-20
50c
6-1
5-
1
1
4-15
5-1
5-29
8-31
8-30
11-30
$$1.50
4-15
.
Mission
American
3-30
20c
5-
25c
7 !o
preferred
5-
1
•
$1
$2.08%
$2.43%
"
6-17
5-.1
5-
1
4-19
4-19
4-15
6-1
50c
4-15
4- 5
$18.51
4t25
^ontana Power Co.,
J}^JS°mery
Montreal
4-15
Oil
Mining
&
—
——
4-15
3-25
5-1
4-15
4-15
4-
4-15
4- 6
1
6- 1
6-
$2
5-10
5-10
6-1
'
5-
4-11
1
4-15
.
4-15
$48c
4-15
50c
4-30
3-18
3-15
6- 3
.
5-15
MniL Pre:ferred
17 nreierre^
1? Kerre^
preferred
& Telegraph
———
3-30
4-20
3-30
I*
$1.50
3-30
(quar.)
6- 1
3-15
6-
1
5-15
$1.75
9- 1
8-15
1
4-20
6- 1
5-15
25c
5-
50C
Co.—
r«
Inc.
(quar.)
—
.
5-15
$$1.75
5-15
IOC
4-15
3-30
(G.
E.)
5-1
3-30
5-1
4-22
4-15
4- 1
,
$1
5-
1
4-15
4-15
^"15:
12c
25c
15c
$1.75
37 %C
50c
$1
$40c
—
{25c
4-15
3-22
$$1.75
$75c
5- 1
3-30
4-15
3-22
20c
25c
4-15
3-30
6-30
6-15
4-15
•
$1
3-30
4-20*
5-10
50c'"
$1.12%
—
3-30.
4-15
75c
(s-a).-
5-
1
4-19*
5-
1
4-19*
4-20
3-3X;
6- f
$1
20c
25c
$1.25
3-30
3-26
62 %c
4-15
3-30
—.
f
Can
——
(quar.)
t
'
—
4-15
3-30
•
4-15
4-20
32 %c
5- 1
4-15
$1.50
4-15
4-15
4-
5-25
5-31
40c
6-15
6- 8
4-15
3-30
4-15
4-1
4-25
4- 8
"
$3
6-29
;
,
$1.25
5-1
4-
United
4-15
$$1.50
1
1
.
$1.10
6-
1
5-
$1.06%
$1
$1
5-
1
3-22
$1.25
5-1
4-20.
4-15
3-31
3-31
4-15
12 %c
4-15
3-30
35c
7-15
,7-11 '
75c
4-15
4- 5
$1.12%
6-15
5-31
$1
$1.12%
$X
5-
4-15*
1
5- 1
4-10
5-
4-18
50C
1
1
4-25
4- 5
5-
50C
3-2T
2%c;-';4-16
iHtjl
>
"ft*
4-18-
8%
2-15
4-18
11%%
-
.
3-30
4-25
f;4-25
62 %C
2-15
$lc
5-22
25c
5-15
5-3
$1
4-15
4-
25o
5-15
5-10
25c
8-15
8-10,
25c
11-15
11- 9
$$1.75
4-15
3-29
4-22K
5
,20C
5- 1
4-16
$51.14
4-20
--—
92 %C
5-15
4-30
$1.12%
$1.25
5-15
4-30.
5-15
4-30
25c
-
5-10
4-10
32c
-
-
prior preferred (quar,)™^—
& Tool, class A (quar.) ™„™
B
(quar.)
Fruit Co., common (quar.)™.J__—
5- 1
4-15
,
5%
preferred
5-
15C
•
•
4-16.
1
IOC
■
5- 1
4-16
'-$1
-
United Gas Corp. _____—-.™™w™™™™ •
United Merchants & Mfrs.—.
1 "•'
!
'f
3-22
4-15
5-15
'"■>
37%c
Drill
Class
United
4-15
4-15
4-10
United Cigar-Whelan Stores Corp.—
6-20
5-15
1
37 %c
Electric of Mo., $3.70 pfd. (quar.)_
$4.50 preferred (qujar.)
$$ preferred (quar.) .-™,™i...™™™.™
Union Oil of California' (quar.)__.
1
4-1
4-30
35c
$75c
3-25
5■I.-"' '
Union
4-10
5-10
$lc
4-25
;
„
4-12
50C
6
4-18
••
37 %C
.
4-25
5-
4-30
5-25
$ic
$30c
dep. rets. ord. reg. (interim.)American dep. rets. def. reg. (interim.) ™
Toburn Goid Mines, Ltd.™—
Tokheim Oil Tank & Pump Co. (quar.)
Traders Bldg. Association (quar.)
Trinity Universal Insurance (Dallas) (quar.)
Quarterly
£
Quarterly ™k™™™™-™™™.
Tuckett Tobacco. Ltd., 7% pfd. (quar.)
Tung-Sol Lamp Works, 80c pref. (quar.)™..
Twin City Rapid Transit Co.—
7% preferred
5
6-15
$25c
—
American
3-30
50c
Mines
Tintic Standard Mining (quar.)™_™™.Ji™
Tobacco Securities^Trust Co., Ltd.—
3-26
4-29
Premier
Thermoid Corp., $2.50 conv. pfd. (quar,)—
Thew Shovel Co^™
3-29*
30c
4-15
3-21
20c
4-30
4-10
.
$1.25
(quar.)
U, S. Air Conditioner, $7 preferred (quar:-
$1.75
<"
$1.75
preferred (quar.)
U. S. Fidelity & Guaranty Co.
$7
250
(quar.)—
25c
: 12%C
4-25; ■,
4- 5*
,
r,i
5- 1
35c
4-15
3-22
50C
4-20
4--
8
40c
4-22
4-
1
,50c
4-22
4-1
50c
10-12
10- 1
37%C
4rl5
4-1
$1
90O
$1.75
i.i.
5-
1
4-20
4-15
5-.1
4-
10c
4-20
3-11
4-15
25c
1
3-20
100%
Manufacturing Co.
Mines (quar.)
—
6-1
4-15
50c
4-20
3-30
/ SC
4-20
4-15
5-
1
4-15
3-20
$75c
4-15
3-20
50c
.4-15
4-1
4-15
Proprietary MineS, Ltd.—
Prosperity Co., Inc., 5% preferred (quar.)™
Public Service Co. (Colorado), com. (quar.)
preferred (monthly)
preferred (monthly)
7% preferred (monthly)
—
$$1.50 "
■v':
$2
3-15
5-1
4-10
4-15
3-25*
'
$5c
-5-8
4-
8
$1.25
4-15
4-
5
41V4C
41%c
5-
1
5-
1
4-15
50c
5-
1
4-15
5- 1
4-15
'i
4-17
Pictures
4-10
6-10
17 %C
(quar;).*
(quar.)»-.-.™..i-,™—.t::
5-
3-26
,4-U
1
4-15
^4*3®
50c
i#»
«,75q
6-28
7-j1.
10-1
;
1-1-47
75c
0v0
3-29
4-15.
*i475o
■
5-2Q
4-15
87 %C
;
Knitting Co.—
,v.,
5% prior preferred (quar.)™™.
.5% prior: preferred (quar.)
Van
$$1.50
4-20
\llf3Q*
a
,
9-28
12-29
'X.,
Utica
■
5%
(quar.)
& Co.. 'Ltd.. common
—
Procter & Gamble Co., 8% pfd. (quar.)-*.-'
Bros.
Universal
.
5- 1
20c
Upper Michigan Power & Light—
(
$3 preferred (quar.) —
I n. $3 preferred (qUar.) ——.l-™.™™-4'™ /
;,$3 preferred (quar.) ._„™.,™k™,™^_.™ f
i*"?'
Utah Power & Light Co. (initial) ™™.
4- 5
$1.50
$1.75
12-20 ;
•
3-30
$1.25
400
Universal Leaf Tobacco Co., com.
A- 1
8%c
8-31*
400'%s 9-20
Quarterly —.i™™
Quarterly
U. S. Plywood Corp., common (quar.) ™—
U. S. Rubber Co., 8% 1st pfd. (quar.),™™.
U, Si Smelting Refining & Mining Uo,^ t;
;., 7%
preferred ■ (quar.)
United S.tockyards^. 70c preferred, (quar.>~™
4-15
1
5-31*
6-20
U. S. Pipe & Foundry
4-15
5-
,
?
;-$l
■
Corp.'
4-10
5-1
•
-
Machinery
4-1
5-1
$1.10
:
U. S. Hoffman
4? 1
$1.50
—
.
r-n
4-28
Spicer
4-15
$35c
$25C
»Preston East Dome
Price
$1.75
r' 5^' lat preferred (quar.)—
eJ*on Motor Specialties
Mutual
A (qUarJ
4-15
Co.™.
dividend
v,
9.rWt
6rl5;
4-15
Manufacturing Corp.™
Standard Brands, $4.50 preferred (quar.) ™
Suburban Electric Securities—
$4 preferred (accum.)
Sun Oil Co., 4%% class A pfd. (quar.) —
Sunshine Biscuits, Inc. (initial)
Super Mold Corp. (Cal.) (quar,).
6-20
4-15
75C
Light Co., $5 pfd. (quar.)
Potomac Edison Co., 6% preferred
7%
preferred —
Power Corp of Canada, Ltd.—
6%
1st preferred (quar.)
6 % non-cum. partic. pfd. (quar.)-.
Prentice
:ivl'
•
$1.75
(quar')——
<quar-)
Investment Fund,
5-15
4-20
62 %c
ptanv^states Telephone
jMuhins Manufacturing—
c
6- 3
37 %c
common
7- 2
$1
Portland Gas
4-13
lc
Power,
(quar.)
_
50C
Plymouth Cordage Co. (quar.)———
Employees stock (quar.)
—~
3-30
;
Tool
Stock
20c
>
Marquette Ry. Co.—
-Plomb
.
lc
States
,
6-20
$2.50
Pillsbury Mills, Inc., $4 preferred (quar.)—
Pioneer Petroleum, prior pfd. (quar.)
Pittsburgh Screw & Bolt Corp. (quar.)
5-10
.
1,
Development
Quar.)
MuSceinn
J
4-15
50c
$25C
(extra)
Co- (6uar.)
Extra
a>7
1
$1.10
50c
Mofmt Diablo & Co- (quar.)
H0"?11
mint
ountain
5-
$1.50
-
Mortgage Co.
$15c
,4-15
.
$1
6%
preferred (s-a)
Philadelphia Electric. 4.4% pfd. (quar.)—.
Philadelphia National Insurance Co. (s-a)™
Philadelohia & Reading Coal & Iron (initial)
Philadelphia Transportation Co., common™ i
Participating preferred
Participating preferred
Philip Morris & Co., common (quar.)
4%
preferred
(quar.)
—
—
3.60% preferred (initial quar.)™™-™..™
Phillips-Jones Corp., ,7% preferred (accum.)
4-25
X-15,
.
7- 1
J 25C
Quarterly
—.——.
Southern California Gas, pfd. A (quar.)—
6%
preferred (quar.)™.™™
Southern Colorado Power (quar.)™
Southwestern Life Insurance
(quar.)
Service Co.—
Philadelphia, ;Co., cojpmon (quar.)
4-1
$1.50
&
4-30
7- 2
$1.25
5-31
4-15
'
10-1
(N.) Co. (quar.)
———
Southern California Edison Co., Ltd.—
4-15
$1.12%
5f& prior preferred (accum.)-—
$1
$6 preferred (quar.)..
Loan
4-30
2-28
shares
10- 1
Slater
100%
4- 5
Ward & Co., Inc., .;com. (quar.)
Clfw TTulegraph
jl!
Pere
Fibre
Silbak
50c
Extra
'5- %
$2.25
....
4-15
$1.25
Casualty Co., common (s-a)
—
preferred (s-a)
Penman's, Ltd.* common (quar.)
6% preferred (quar.)
Pennsylvania Electric Co.—
4.40% preferred B (quar.)—
Pennsylvania Power Co., A Va Vo pfd. (quar.)_
Peoples Gas Light & Coke Co
—
6-17
•
$2.25
...
.
9-14
1
4-15
6%
Co.—
$4.50 preferred A (s-a)
$4.50 preferred B (s-a)_
$4 preferred C
(s-a)—
1
5-
3-30
Peerless
4-I0:
4-10
1
5-1
$1.75
5c'
i.;
Class A (quar.)
10-
4-15
-
Co.—
(quar.) -
Monsanto, Chemical
6-15
$1.12%
4-10
5- 1
50c
...
S«!oe.Lo^ Society,
1
-
$1:25
10c
—
3-30
7-
1
(irreg.)
'
7-1
$1.75
•
.
*
$ 1.75 ;
$1.75 /
$1.75
p
,
iir.
k4$||
I..
"
prior preferred (quar.)
Segal Lock & Hardware—
$2.50 preferred (initial quar.)
Shawinigan Water & Power Co. (quar.)
4-15
4-
(reduced)
Paymaster Consolidated Mines, Ltd.—
Interim.
———
$2.50
Mohawk Rubber Co
Monongahela Power Co., 4.4% pfd. (quar.).
Monongahela Valley Water Co.—
(Del.)
4-30
>
5-
5- 1
Co.—
25c
4- 1
4-15
$1
Dry" Corp""""""""
Mississippi Power & Light
„56 1st preferred (quar.)
Seaboard Oil Co.
Sefton
Patino Mines & Enterprises Consol., Inc.—
11-29
(irreg.)
—
3-30
10c
preferred (quar.)
Park & Tllford, Inc. (quar.)
Parke Davis & Co—
4-15
5-31
■ii
———
.
3-30
20C
:
4-22
4-25
50c
-
(quar.)
4-20
$ 15c
Public
4-ii*
1
*
pfd. (quar.)(quar.)—.
Remedial Loan Assn.
Co.
Map
4-20
$1.25
Co—;
9
5-
40C
(quar.)
Schenley Distillers Corp. (quar.)—
Scott Paper, $4.50 preferred (quar.)
$4 preferred (quar.)—
Seaboard Finance Co. (increased)
3-30
4-11
5%
St. Paul & Sault St. Marie-
Initial ":
Sanborn
(quar.)
preferred (s-a)
Panama Coca-Cola Eottling Co.
Paraffine Companies, Inc.—•
4-15
5-
Mfg. Co., bony. Class A (quar.)
Minneapolis- & str Lbuis Railway Co.——
Mtaneapolis,"
San Francisco
4-15
5%
5-17
75c
$1.50
50c
...
4-15
1
50c
preferred
(quar.)
Pacific Telephone & Telegraph Co.—
6% preferred (quar.)—
Packer Corp; (quar.)
Pacolet Manufacturing Co., common (quar.)
3-29
'
:
Petroleum
Inc.
1
5-
5%
4-20
5-
500
—
6%
Gas & Electric, com.
preferred (quar.)
San Diego
25C
$1.30
$25c
Sons Co., 8% preferred.
5-
25c
'
Midwest Piping & Supply Co.,
1
1
25c
J
5-
Co., Ltd.—
7%
preferred
(quar.)
St. Lawrence Paper Mills,
25c
—
Pacific
4-15
convertible preferred
A
5-15
$1.25
Pacific Portland Cement Co.—
6%%
preferred' (accum.).
$20c
class
6-1
Pacific
$17%c
...
...
4%
St. Lawrence Flour Mills
37 %c
pacific Lighting Qorifc; $5 pfd. (quar.)
Mills
(stoek dividend)
37%c
43 %C
(increased)
4-10
$1
Pacific
'
50c
—
4-17
5-24
Co
4-20,
1
5-1
75C
■
Corp.—
4-
(quar.)
5-
25 c
25 c
5%
4%% conv. preferred (initial quar.)
Pacific Coast Co., $5 1st preferred
Gas & Electric (quar.)
5- 1
50p
43 %C
McLelian Stores Co., common (quar.)—.
Extra
j.
5 % preferred
(quar,)...................
Melville Shoe
Corp., common (quar.)
4% preferred
(quar.)
Merck & Co.,
Inc., 4%% pfd,5% preferred
St. Lawrence
Pacific Coast Aggregates—
43 %c
McColl-Frontenac Oil, Ltd., 6% pfd. (quar.)
McKesson & Robbins, $4 pfd. (quar.)
1
—
3-30
62 %c
(quar.)
11-
$1.75
4- 9
™
preferred (quar.).—
1% preferred (quar.)
11-15
$1.50
5- 1
Massey-Harris Co., Ltd., common (Initial)
May McEwen Kaiser Co. (increased quar,)..
Maytag Co., $3 preferred (accum.).
1%
Saginaw & Manistee Lumber Co—
Croix Paper Co, (quar.)
i.
St. Lawrence Flour Mills (increased quar)
4-15
3-30
St.
6-10
'Extra
_
.....
1
Service—
4-15
5-
$1,567
(quar.)—
1
4-30
4-25
5c
8-
$1.25
3-30
$1.50
25c
5-
$1.50
4-25
25c
3-30
4-15
(quar.)™
3-31
25c
(quar.)™—.
8-14
5-10
4-ii
4-20
(N. Y.) —
5-15
4-20
'
T-i"-.#';;' fg
^
4-10
5c
Steel Products, common (quar.)
7%
preferred
(quar.)
Orange Crush, Ltd.* 70c conv, pref. (s-a)™
Outlet Co.
(irreg.)-,
,
(quar.) ..............
preferred B (quar.)
Marshall Field & Co. (quar.)...
Massachusetts Investors Trust (irreg.)...__
Massachusetts Utilities Associates—
Mid-Contlhent
4-15
5
-3-30/
20c
Rose's 5
25c
4-15
'
7%
Mercury Mills, Ltd.
1
Co., common
(quar.)—
Discount
t25c
™—i-.-——....——.
$1.75
3-30
Common
pfd.
1
$1
Corp., 4%% preferred (quar.)—™
Ontario Beauty Supply, com. (initial quar.)
?
McClatchy Newspapers, 1%
5-
(quar.)
$1.50
Calculating Machine Co. (quar.)
Maritime Telegraph & Telpehone Co., Ltd.—
$6 1st preferred (quar.)
McCali Corp. (quar.)
&
;
Rockland Light & Power .(quar.)™™™—_
10 & 25c Stores, Inc. (quar.),™™.
Royal Typewriter: CO., common-™™™
7%
preferred
(quar.)———
Russeks Fifth Avenue, Inc. (increased)—
4-20
Corp., class A™
$1.06%
Marchant
preferred
4-
1
4-
■
■
15c
50c
1
.....
Maple Leaf Milling, Ltd. (initial):..
partic.
4-15
5-
$1
(quar.)
preferred
Loan
Extra
n,
.5-31
5-25
$1.50
- ™„™:———
50c
Co.
Public
-
3-28^
4-15
5-
4-20
Quarterly ; ™™™L
-
•'
3-15
4-15
S1.25
Metal; Products-.---™.™™i™-.----Markets, Inc.™.
—
Rochester Button Co.
(quar.)
Ontario
Macy (R. H.) Co., 414% pfd. A (quar.)—
Madison Gas & Electric, 6%% preferred...
Mahon (R. C.) Co., $2 class A pfd. (quar.).
5%
3-30
3-30
4-20
*
4-15
common*..
Fund.
4-15
4-15
$1.45
Co.—
35 c
$1,061/4
™™
Bond
Rochester-American Insurance
Quarterly
4-15
5-15
$62V2C
Roberts Public
Rieke
Oliver
5-
$2
...
'
4-13
1
50c
(quar.)
New Hampshire
Quarterly
Engineering
3-30
4-17
Manhattan
Extra:
5- 6
(quar.)
Northwest
1
.
5-15
5-
53»/8C
$1,50
class A
Northern Indiana Transit
4-15
4-30
$2
.
3-31
4-15
:
..
preferred (accum.)
4-15
(quar.)*.
3-31
-
97%C
Northern States Power Co,
5- 4
6-
$1
....
.
7%
10-26
1
50c
50O
....
4-25
1
of
./■-■r.■■■■■
50c
"
3-31
Northern States Power (Del.)—
6% preferred (accum.)
7-26
1
preferred
4-15
preferred
4-15
.5-15
:
50c
"
3-15
Ry., adj. pfd. (quar.)
Insurance
Northern RR.
50c
0%
.1-21
Ir31.-47,•
5-15
1
Public Service-
4-15
J.
preferred
River
$1.25
A
(quar.)preferred (quar.)—.——_—
Rice-StixcDry Goods. Go,--.
•/7% 1stl preferred (quar.) ™™™™r™—..™
7% 1st preferred (quar.)—v™,—.™—™
7% 2nd preferred (quar.)
7% 2nd preferred (quar.)——
Richmond Insurance Co. of New York—
4-15
1
Western
—
Class
10c
Water, $4 preferred (quar.)
Northern Illinois Corp., common
$1.50 convertible preferred (quar.)
4-13
—
&
Island
ol Reo
6-
,
$37%C
™
Northeastern
5
....
,
Forbes,
7-31
10c
(quar.)
(quar.)
A
(quar.)
prior
North
20c
&
8-15
15c
A
Norfolk
(quar.)..
Andrews
1
Co
North American Acceptance
North Penn Gas Co.—
4-15
5-
Merchandise
Nineteen.Hundred Corp.,
Class
75c
(accum.)
York
:
!
Taylor, 8% 2nd preferred (quar.)™
Louisville Gas & Electric Co. (Ky.), com—
$5 preferred
($100 par)
(quar.)—
Mac
1
4-
$1.50.
3.90%
preferred
(quar.)
Newark (Ohio) Telephone—
Co., common (monthly)
($25
4-
4-15
quar.)
(quar.)—
$2
York, Chicago & St. Louis RR.
6%
preferred (accum.)
4-23,
.
preferred
4-15
amor*
45c
lsl preferreclt (quar,).
6%
Rhode
New
6-
Lord &
5%
>
'
$1.25
Light Co. (quar.)
Ltd. (quar.)
preferred
Telephone,
J5c
50c
Inc.
4-ia
■'
New York Power & Light—
...
preferred
Gas & Edison
New
(quar.).
6%
4-30
$1.25
Clock Co., 6%%
3-22
....
preferred
(quar.)
Loomis-Sayles Mutual Fund,
Second Fund (quar.)
,
25c
$1
v
3-29
10c
8%
4-15
■■:
(increased
preferred
When
Payable
.
Indiana-
of
Raymond Concrete Pile Co., com. (quar.)™
V-V. Extra
—
$3 preferred (quar.)———
Reading Company (quar.)™—
Reed (C. A.) Co., $2 preferred A (quar.)™
Republic Natural Gas Co
3-30
.
(quar.)
4-15
...
Lock Joint Pipe
Brunswick
:
5-1
™™™—™™
4-15
—
Co
7-22
10-22
4-15
shares—™
$25c
,™_
Co.
Bedford
4- 9
Co.
Match
8- X
Co.
Raiiroad Employees Corp., 80c pfd. (quar.)™
Railway Equipment & Realty Co., Ltd., com.
4-20
10-30
Service
Quaker Oats Co., 6% preferred (quar.)™—
Power Co. (quar.)™™™—.™—™
Researcji/Cprp.j—r .j,; ,"0'
$50c
Realty Corp., prior preferred,
Lehigh Portland Cement (quar.)
Ldrner Stores Corp., 4%% pfd. (quar.)
Common (quar.)
Link-Belt
5- 1
r«»
Share
Quebec
4-15*
20c
(quar.)
(quar.)-—™.
3.
Insurance
i
$1,50
(quar.)
Bros., Inc.—
conv.
preferred
4%%
New
5-1
Co.
bond ..series
New
12% C
Lefcourt
Lion
Neisner
4-29
-
Gas
prjor
New Haven
—
......
Fuel
—
4-15
1
(quar.)
Speculative series shares
4-15
5-
5-
2c
Low-priced common stock shares
National Steel Car Corp., Ltd. (increased)
National Tea Co., 4%% pfd. (quar.)
4-20
13V4c
34%c
-
2c
Low-pricedi
9-20
25c
.
10-1
75c
4-10
4- 2
,
2c
preferred
National Securities &'
6-20
25c
—
National Lead Co., 6% Class B pfd.
National Mallinson Fabrics (initial)
6%
3*29/
«
I
1
Products Corp,—
$2 preferred (initial s-a)
$2.50 non-cum. Class A (s-a)
National Paper & Type Co.—
5% preferred (s-a)
National Pumps Corp.—
3-30
4-15
5-
4-15
'/v-**1
/
\jrri
preferred (monthly)™6% preferred (monthly)
—^^—™™™
Puget Sound Power & Light Co.—
"""
$5 prior preferred (quar.)™_™
Purity Flour Milts, Ltd., preferred (quar.)
Putnam (George) Fund of Boston (irreg.) ™
4-30
25c
•'
6%
4-15
National Manufacture & Stores—
6
56c
Valley Gas, 6% pfd. (quar.)
Quarterly
Quarterly
Quarterly
Distillers
National
4-10
15C
5-15
5-1
$0.2968
Quarterly
Quarterly
4-17
40c
—
Life
$1
15c
'
JPubIiQ:BeWi$a;-GO^
Chemical & Manufacturing Co.—
Quarterly
4-15
20c
Inc.. 4%%
National
National
Increased quarterly
preferred (quar )_
Langendorf United Bakeries, Inc.—
$2 class A (quar.)..,
Class B
(quar.).
.™™
6% preferred (quar.)
Lazarus (F. & R.) & Co.
(quar.)
Lincoln
1
3-29
$17c
^
(quar.)
4-
4-15
4-12
25c
Lee Rubber & Tire
4-15
4-20
™
Leece-Neville
15c
25c
common, (quaf.)™
National Bond & Share Corp. (quar.)
National Cash Register Co. (quar.)™_
National Casket Co.,
Inc., common.—
1
™
Common
Lebanon
8*
™™,
Paper
Lamaque Gold Mines (interim)
Landis Machine Co., common.—,T
Lane Bryant,
5%
3-
5-
L—.
Ltd. (quar.)
John
4-20
$1.50
.
Labatt (John),
Common
1
4-15
Public
•
Name of Company
■
,
30c
5-
•lV'*
^
'
4.
4-15
2c
Kobacker Stores, inc., common—
$1.37% " preferred
(quar.)™„™—.
Kroehler Manufacturing Co.—
41/2% preferred (quar.)
Kroger Grocery & Baking Co.—
7% 2nd preferred (quar*),,—;
Krueger (G.) Brewing Co
—.1.—™™
Lake St.
F'O/l
>
■
vj Reo.
3-31
National Container. Corp., 4%%
preferredNational Department Stores
(quar.)
,™.
.——
Bolder*
5- 1
1
———
JL.-L-—
When
Share\1
5-
25c
(quar.)
Per
,.m
tf,"
$1
Quarterly
Quarterly ——
,—————,,,,,,
Knickerbocker Fund (quar.)™™™™
Extra
.?y,ja
...
,,
4-15
.
•
■
•'
National Biscuit Co.,
4-15
Series A (quar.)
Co.
.
r
iii4
37 %c
System, Inc., 6% preferred (quar.)-'
Electric, 4%%? pfd. (quar.)™
r 56%C
Nathan Strauss-Duparquet
(irreg.)
f
20c
4-15
4-30
common
(D. Emil)
n.1 .<,(ri /
■
.
J
2053
Narragansett
4-17
15f»
Kirkland Lake Gold Mining (s-a)—:—&—^
Klein
i{x'
■
Name of Company
™™_>_«.
(irreg.)
$125 convertible preferred
(quar.)
Kentucky Utilities, 6% preferred (quar.)_„
Kerr-Addison Gold Mines, Ltd.,:—
Keystone Custodian Fund Series B-2—
..
1
15s
Ranch Royalty Co., Inc. (s-a)™™
Sin Water Works Co;, 6% pfd. (quar.)__
journal Publisher CO. of Ottawa, Ltd.— •
Quarterly ™™.™.™™k,,i.
—
Kalamazoo'Stove & Furnace (quar.)™™—
Kansas City" Southern Ry. Co., 4% pfd.r—
Kaufmann Department Stores,
Inc—™.™
Kellogg Switchboard & Supply Co., com.™
3f0 preferred (quar.) ™™.™-,;,,™
™,
Inc.,
5-
'62140
Tohnson
Kennedy's,
w.
of Reo.
,
1
rj
•
.
■■
Mutual
v.
r, ;^^,v
'
■
..'•"
.
Holder*
Payable
6214c
common
(Increased quar.)
,u™,'
tawpI Tea Co., Inc., 4%•% preferred (quar.)
johns-Manville Corp., 3%% pfd. (quar.),mhnson
When
,
Share
ffwa KnlttW Mills-
.
THE COMMERCIAL & FINANCIAL CHRONICLE
partic.
*,ng
:
.
,*..
;; ,^,/::&.
v
-ft.
■:<■»
investors
1
S so
■
Sciver
62 %c
Class
B
(monthly)™,
(monthly)..™.
(monthly)....
(monthly)
Class B (monthly).™.
B
Class
a :
4-15
4-
1
4-15
4-
1
$1.75
6-10
6-1
$1.75
9-1
9-10
v
'
12-10
12- 1
*5-1
$1.75
37 %C
4-15
8-1
7-15
4-15
4-10
13%C
4-15
4-10
13 %C
5-15
37 %c
V
7 13 %0
A
a
Class
9-20
'
26c
Class B preferred.—
Vapor Car Heating Co., Inc.—
o
*
7%
preferred
(quar.)....——
7% preferred (quar.)
7%
preferred; (quar.)—_._.™„._™-™
Virginian Railway, 6 % preferred (quar.)..
•!
6% < preferred-fquar.)
Visking Corp., clkss A (monthly)._.L__'—™
Class
6-26-
io-:i:.
$1.25
(J. B.) Co., 5% CI. A pfd. (quar.)
non-cum.
7-1
'62y2ft
'
-
*
5-10
13y4C
5-15
5-10
13 %C
6-15
6-10
13 %C
6-15
6-10
THE COMMERCIAL & FINANCIAL CHHONIOLE
.
FavabH.
Shot*
4-20.
$1.75
| ofJB«e.>
.
•
*
4-10-
23,921.714
15.771.862
3,788,909
8,162,212
14,695,460
125,335
15.000
28,319,442
3,647,630
16,327,623
28,760,626
156,274
4.546,125
4,546jl25
11,574,203
7,267,094
2,604
29,645,190
140,459,899 147,485,770
1,770,053
2,215,961
233,071,243 260,133,868
Statement of Condition of tho 12 Federal
Reserve Banks Combined
(In
thousands
of
dollars)
Increase (+) or Decrease
(—) Since
Apr. 10,
Assets—
,
j
for
P.
744,872
gold ctf.
reserves
Other
cash.Discounts and
Industrial
advances
loans
Acceptances purchased
XT, 8. Govt, securities:
18,098,932
316,191
352,946
1,538
4,919
Bills
13,479,433
Certificates
Notes
-
30,005
—
31,105
—
1,100
11,765
—333,667
—
—
253,205
26
98,630
154,575
+
62,448
+
30,217
2,762
2,930
+
4,919
+263,115
+
+
902,942
.
+
—
—
—
6,386,696
1,463,300
.
Bonds
.
1945
+
R.
notes
Total
Apr. 11,
1946
17,354,060
Redemption fund;
•
Apr. 3,
1946
Gold certificates
738,853
+1,152,685
+
471,450
221,450
—
*
Total tJ. S. Govt, securities
22,232,371
Total loans and securities..
from foreign banks
22,591,774 *
Due
F. R.
notes
of other banks
Uncollected items
Bank premises
Other assets
s
V. S.
Total
;
1
—
—
43,057,845
Reserve notes
Treasurer—gen.
acct..
—
deposits
llabs., incl. accrd. divs._.
liabilities
Capital AccountsCapital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other
t
capital
Total
Ratio
of
'
serves
note
accounts
liabilities
& bap. accts._
gold certificate reto deposit and F. R,
liabilities
Commitments
ttfal loapg,:
to
+
1,595
Deferred availability items
Total
+
—
+
Other
Other
6,895
—125,414
+
£ ' Member bank—reserve acct.
Foreign
—
33,160
Deposits::
>
+2,173,912
110
126,709
1,845,682
Liabilities-
Federal
•
+2,141,538
67,648
45,287.
Total assets
,v;
+263,115
—
combined
make
indus; v,
,
*1
—
—211,226
6
34,362
74,183
1,146
3,500
+2.185.678
'
Mtmday;aApril 15-1946
(Del.)—Plans Retirement of $3 Prefer-.
United Corp.
Ctfirk
enCMHam M
^fheld
mee
*
r
THE COMMERCIAL A FINANCIAL' CHRONICLE
Number 4481
163-
Unlumg
-i "'-
s,
,r*i
>
- ••
■
.
•
told stockholders at the annual
to the opposition,of this company
Hipkpy. President,
April, 10 that due
on
proposed by the management of the Columbia
the eapua
Corp> wag withdrawn in favor of a substitute plan
lias «
orotects the common stockholders of Columbia.
w
iid that, through the Columbia Gas plan United Corp. should
•vp
some good operating companies'
stocks which "we propose to
r£celn the retirement of some more of our $3 preference stock."
us? addition he pointed out that while awaiting completion of that
united sold in the open market for cash approximately 325,000
f", 0f its holding of Columbia Gas common. As a result of these
other sales of stock, United has -built its cash resources up to,
/win nnn now in preparation for additional steps towards retire-
Laiization
plan
Trust
Co.
of
York
New
of
cash sufficient
in
amount
an
to
redeem
dependent upon tho con¬
summation of financing arrangements which are now pending,
v
This notice, accordingly, Is subject tp the receipt of said redemption
moneys by said corporate trustee on or before May 8; 1946, the date
fixed for redemption, and it shall be of no effect unless such moneys
are so received on or before such date.—V» 163, p. 1774.
of
all
the
called
bonds
for
redemption are
,
n
Sfof
stock.-—V. 163, p. 1616.
its preference
United
Split-up
Dart, President; announced that at a meeting held April 6r'
directors passed a resolution to propose to the stockholders that
nanle of this corporation be changed to United-Rexall Drug Inc.
board also voted to seek permission of the stockholders to split'
the
the
The
the common
stock ori "a twd-for-one basis, reduce the par value of the
stock from' $5 to $2.50 per share and to increase the
the company to 5,000,000 shares. • At the
common
capital stock of
ized
proposals are to be voted on at a meeting of the stock*
on May-.14, next in Wilmington, Delaware.
contemplated change of the company's name to United-Rexall
Drug Inc. follows by about one year the change in name of the oper¬
ating subsidiary- of the company to United-Rexall Drug Co.
This
onfinn
was
taken
in
order
company's trade
action was taken in
order to make the comoanv's trade mark—
to make
V. 163, p. 234.
Rexall—a part of the corporate name.
these
The
United Fruit Co.—To Split-up Shares—
on April 8 voted, to recommend to the stockholders
company's capital stock be split 3-for-l by issuing two
additional shares of stock for each share now held and to call a
special meeting of the stockholders to be held on May 29, 1946, to
authorize the amendment of the certificate of incorporation incerasing
the authorized capital stock from 3,000,000 shares to 9,000,000 shares.
directors,
the
.
-V.
162,
.
June
l, 1946.
:
1r
Application will be made to list the preferred and common shares
tne New York Curb Exchange.—V. 163, p. 1912.
r
Transfer Agents and Registrar—
Harri.s
Bank
At
special
a
asked
the
May 2, the stockholders will be
convertible long-term debentures
for
of
issuance
preferred stock of no par value.
an increase in the authorized
convertible
and
to
approve
They will also be
amount of common
debentures
of nonpar value to provide for the conversion of the
and the preferred stock, and for other corporate purposes.
exceeding
aphorize the preferred stock, the issuance of not
not
do
$6,500,000 of such debentures.
Tho -financing program was arranged
>
Net
expansion, ' Among the. underwriters who will participate in
offering are Morgan Stanley & Co.; Blyth & Co., Inc.; The First
Corp.; Goldman, Sachs & Co.; Harriman Ripley & Co., Inc.:
Lehman Brothers; Mellon, Securities Corp.; Smith, Barney & Co. and
Union Securities Corp.—V.
163, p. 1773.
of_|wo.new warehouses.
recently filed with the Securities and Exchange Com¬
statement covering the proposed convertible
debentures and convertible preferred stock.
The company has had
preliminary discussions with Paine, Webber, Jackson & Curtis and
The
company
mission, a
registration
Ji. Rollins & Sons, Inc., in regard to underwriting.—V. 163, p. 1912.
E.
1945
1946
divi¬
dends from foreign subs, and Fed. income tax
Divs. received from English subsidiary company
Federal
Estimated'
income
$197,471
Net
income
Earned
offering of 99,000 shares of common stock (par 50(5)
per share.
The issue has been oversubscribed.
These securities are offered as a speculation.
$197,471
70,000
taxes
Total
$149,207
39,000
finders,
telegraph
llmiters,
"equipment,
frequency
high
equipment,
test
noise
etc.
Since
August 1945 the company has been engaged in changing over
to peacetime
production.
A shortage of component parts normally
obtained from others has somewhat limited its production resulting
in operations at a loss estimated to be approximately $27,000 during
the first quarter of this year.
Parts are now more readily available
and the management anticipate profitable operations commencing in
the'second quarter.
- *;
CAPITALIZATION—The capitalization of the company consists of
500,000 shares of common stock (par 50 cents)." The original author¬
ized capital stock was
150,000 common shares
(par $1)
of which
110,000 common shares were issued and outstanding. The certificate
of incorporation
was
amended in March, 1946 to provide for the
present capitalization. Giving effect to present offering capitalization
is
follows:
as
Authorized
Capital
stock
*55,000
stock
500,000 shs.
.
shares
in
additinon
are
being reserved for
approved
PURCHASE
stockholders March
WARRANTS—The
the- issuance
of
55,000 stock purchase warrants.
May
share
cents
and
l,
of
to
1947,
to
per
;:u. .xhe
May
the
1,
to
expenses
430,526
Maintenance
OF
ISSUE—Entire
proceeds will be
additional test and production equipment, and to
working capital for the corporation. *
•
COMPARATIVE INCOME
'
'
r*
"
'
'
STATEMENT
~§Fed.
Int.
filing expense.....
*L
advances
on
associated
Refund
ENDED
DEC.
31
1944
$568,217
445,847
22,363
.,,
*$34,624
$109,940
37,103
....
427,300
debt
20,139
*$71,726
$89,801
Cr57,098
61,889
*$14,628
10,000
on
531,000
1,341,000
200,000
9,000
profits taxes
1942 income taxes-
i~8O"6O6
—
.18,000
—
5,Q0O
11,000
31,000
1,259,000
33,000
6,000
$5,198,000
$5,108,000
notes and accounts..
profits taxes
(net)
excess
equipment
charges
less amortization..
Total
1,296,666
..
LIABILITIES—
Accounts
and
payable
Provision
federal
for
income
taxes—
stock (par $10)..
Capital surplus
Earned surplus since August
1932—
31,
$312,000
117,000
2,635,000
1,492,000
552,000
$307,000
;
180,000
2,635,000
1,492,000
584,00ft
accruals
Capital
.
$5,108,000
$5,198,000
Total
163, p.
113.
it is
not always
to arrange companies in exact
However, they are always as near
alphabetical
mechanical
NOTE—For
reasons
%
possible,
as
i
!
o
:
alphabetical
;
»
from
3,770
companiee_
1,493
*31,200
40,000
9,767
.
125,000
Net income..^-.—.
*$64,561
*$328,440
$874,867
CONSOLIDATED
Other
§See
1945.
11 Representing portion of certain
to estimated resulting reduction
5, 1946, the company filed an application with
Service Commission for permission to reduce
Feb.
capital as represented by its common
make.—V. 163, p. 949.
it may be necessary to
II
Total income
products sold
Selling,-administrative and general expenses
Research engineering expenses.
of
goodwill
were
and
235
$4,044,000 $22,213,000 $11,084,000
units in operation March 31, 1946 and
respectively.
Wholesale accounts were 1,548
retail
239.
respectively,
1,490,
p.
of
number
The
$8,322,000
sales
Combined
for March 31,
1946 and March 31,
1945
and
1945.—V. 163,
1617.
Western Pacific
The
RR.—Reapplies to ICC for Bond Issue
authority to issue $10,-
has reapplied to the icp for
company
mortgage bonds.
An ICC examiner had recommended that the original application be
refused on the grounds that company had cash and liquid assets suf¬
ficient to pay in full $10,000,000 of first mortgage 4% bonds without
resorting to refinancing.
of
000.000
first
The company
declared the exam¬
of the road's oil posi¬
issued a reply on March 15 which
report was based on a faulty analysis
tion.
The
bonds
the
road
particulars from
now
seeks
authority to
issue will differ in
those it proposed to issue under
its original
application.
1, 1946, instead of July, 1945. They
will mature on Jan. 1,
1981, instead of Jan. 1, 1974. Interest rate
will be left blank, to be determined by competitive bidding, instead of
bonds
—
6»144i
.......
loss
$381,514
reconversion of plants re-
postwar
for
—T—
Cr200,000
carry-back of net operating loss
and unused excess profits credit for the period.
Normal income tax, surtax and excess profits tax—subsid.
Cr310,000
19,700
.
turned to income..,—
Taxes
due
recoverable
Net
on
-
....
earned
$108,786
,
1,751,884
surplus—...
less applicable Federal taxes
for prior years
income
($34,900)
Adjustments
13,571
—.
will be dated Jan.
Transfer
dividends
to
Tovision for- reserve
for
contingencies
The
value
Balance surplus
earned deficit Jan. I
.
;
„
Earned surplus Dec; 31
Loss.—v, 163, p. 1911;
1
*$24,628
prof.1,778
$17,911
16,133
*$22,850
Utah Power & Light Co.—Redemption of 3%% Bonds
.
MJhe company on April 5 announced that it intends to redeem on
at 104% and interest, all of its outstanding first mortgage
Trii^i
series du€ 1968, Payment is to be made at the Guaranty
N usc Lo. of New York, corporate trustee, 140 Broadway, New York,
bor>H<?
The. completion of
thijs redemption and tho deposit with Guaranty
of $5,000,000.
1. —V.
$1,778
also told the ICC that it had set aside $5,300,000 to
general mortgage
% income bonds, due in 2014, with a face
The call for redemption will take effect on May
company
redeem
163,
p.
1912.
,»i~.
—
.—
equal to par value of
account,
stock
common
100,000 shares of common stock issued as stock split-up
aud adjustment of capital structure.....—..—....
Underwriting
commission
($150,000) and estimated ex¬
Bal
earned surplus at Feb. 28,
ance
$1,344,471
1946-.-
Attorney—
Waters, Assistant General Attorney, has been elected Gen¬
eral Attorney to succeed the late Homer Brockett, who died on March
26.—V.
H.
163,
p.
1774.
CONSOLIDATED BALANCE SHEET
'
ASSETS—
Feb 28, '46 Aug. 31, '45
*r
$1,573,857
hand and on deposit
securities
Accounts receivable, less reserves
Claims for contract termination
Cash
on
Marketable
Refundable Federal taxes under
Internal
of
vision
Revenue
Inventories
Cash
Other*
1,280,513
1,910,670
314,592
1,281,366
102,792
19,028
551,714
100,359
12,550
1,466,871
549,822
carry-back proCode
^
—
of life insurance
assets
*
—
Property, plant, and equipment, less
for depreciation and amortization
reserves
Patents
Weyerhaeuser
Timber
Co.— Secondary
Offering —
-
-
195,601
...
1
70,863
53,921
817,777
w.—-
$7,228,889
$7,362,285
$1,727,009
$2,500,000
2,001,832
593,615
171,026
paybale on properties acquired (less
.
$22,500 payable within one year, included in
current liabilities at Feb. 28, 1946)—126,250
;;K..——
Deferred charges
Purchased
—
goodwill
'
v
Total
LIABILITIES—
Notes
payable—"V"
loan
Treasury tax notes of
renegot...
less U. S.
$794,498 at Feb. 28, '46
.
Mortgages
2,500.000
cumul. conv. preferred stock (par $25)....
stock (par $2).—...
Capital surplus
——
——
Earned surplus
^
:—
800,000 ,> 600,000
'
137,543
£37,543
; -1,344,474 ^
1,951,884
Common
-
$2,783,205
,
...
surrender value
;
855,310
465,687
5%
Blyth & Co., Inc., on March 25 offered in a secondary
distribution 10,000 common shares, at $69 V2 a share, with;
a concession to dealers of $1.50 a share.—V. 163, p. 1618.
in costs
Federal
*Equal to estimated reconversion costs ($580,000) included
and
expenses
for the period, less applicable reduction in
taxes
($380,000).
Accounts pay., accruals and res. for
taxes on income—estimated,
Western Union Telegraph Co.—New Gen.
v
185,000
2,896
($35,000) on sale of preferred stock
in acquisition, of other companies
penses
'
■
200,000
Expenses incurred
Federal
John
$1,874,242.
120,000
21,875
—
being fixed at 3%.
Net profit
'
to
profit
Previous
Preferred
1946—Month—1945
1946—3 Mos.—1945
$1,865,000 $10,633,000 $5,773,000
4,262,000
2,179,000
11,580,000'
5,311,000
sales
21,129'
/
surplus
Common dividends
$4,060,000
sales
"»LH
.
—
Miscellaneous deductions
Net
■>'«.!»■'
3,572,843
524,721
£8,937
—...—
—
.....——
I
$3,807,680
——
.
Total
Supply Co.—March Sales Higher-
Western Auto
$3,787,144
20,536
the
its
stock from $36,784,000 to
$29,260,000 with a concurrent credit to unearned suvplus of $7,524,000
in order to provide for adjustments in balance sheet accounts which
Public
York
1946
-—-—
*Portion of reserve
opposite "special charge."
items charged to surplus equivalent
in provision for Federal income tax.
NOTE—On
28,
income
Amortization
"A"
stated
PROFIT STATEMENT,
sales
Net
Interest paid
*Deficit.V $1944'costs reapportioned for comparison with
New
."
..
(& Sub.)—Earnings—
MONTHS ENDED FEB.
6
$233,801
note
,
.....
Wootlall Industries, Inc.
Cost of
52,504
$27,911
10,000
212,000
688.000
1,400.000
29,000
177,000
"124,000
excess
refund of
-1945
$1,304,000
594,000
investments
Officers' and employees'
1,771,700
51,292
The
Net profit
Provision for income tax
427,300
2,944
1,709,200
24,123
several
income
deductions from income
618
2,777,394
85,000
8,556
20,304
iner's
'Total
*21,300
979
2,853,443
500,000
40000
12,902
$109,469
*
471
of
from Govt,
due
and
"
$858,000
Sundry
$15,086
charge
Other interest, amortiz.
of
debt
exp.
(after
premium
raise.
.
*$38,256
3,632
Operating profit
.
125,000
—
674,148
_—
11 Special
used to purchase
provide additional
. -i
1945
$359,842
•
cost of work billed
ether income
(est.)
tax
inc.
"Non-operating loss
Int. on long-term
Retail
375,735
'■■
Contract billings
.
YEARS
v
.
refund
Post-war
28
1946
Inventories,
1945—12 Mos.—1944
$5,202,315 $21,588;139 $20,209,705
3,113,722
11,610,682 11,046,814
624,574
1,594,218
1,749,165
*610,000
2,350,000
2,350,00o
668,832
income
war¬
at
$0.50
FEB.
Fed.
than.
*
Wholesale
warrant.
PURPOSE
610,000
Depreciation
..Taxes, other
1946
designates,,
$552,000
$0.42
deposits—.
U. S. Treasury certificates and tax notes
Accounts and notes receivable, less reserve....
1945—3 Mos.—1944
$5,446,442
3,188,062
revenues
any time subsequent
persons, it
$716,000
164,000
$584,000
COMPARATIVE BALANCE SHEET,
order.
Period End. Dec. 31—
Operating
Operating
1951,
or
164,000
$748,000
cash
hand and demand
ou
position
company.
underwriter
$133,000
583,000
638,000
Westchester Lighting Co.—Earnings-
the
at $3.50 per share, one
25,000 warrants are being
Hamilton Hoge,
John Hoge and Francis H. Hoae, Jr., at
per warrant.
The remaining 30,000 warrants will be sold
of
stock
common
delivered
5 cents
prior
and
18,
Each
$110,000
...
per
possible
period End. Mar. 31—
rant entitles, the holder thereof to purchase, at
to
5
of
months
beginning of fiscal year,
$12,323
2,763
*319,000 shs.
exercise
70,000
115,000
ASSETS—
Cash
—V. 163, P, 1076.
warrants.
STOCK
sold
Outstanding
$318,000
73,000
surplus since August 31, 1932
common share
Earned
1945
$14,955
5,760
subsidiary
subsidiary
.
•
i(".
81,000
-
(est.)
taxes
surplus
Earned
-V.
Brazilian
$3
Transfer agent, Colonial Trust Co., New- York; Registrar! Guaranty
Trust Co., New York.
'
• -•
1
'
.
CORPORATION—Incorporated in-New York in May, 1939.
Corpo¬
ration engaged- in laboratory and research work in television and
radio during the, years 1939-40.
It engineered and constructed pn-.
marily large screen, direct viewing television receiving sets.
Before"
the war,
UST was one of the very few manufacturers which had'
developed, produced and actually sold television sets to the public.*"
In the period 1941 to August 1945 UST produced FM mobile radio
transmitters and receivers for tanks and jeeps, radar units, direction
income
six
for
surplus,
Dividends paid in
50,313
1946
the
at
.!■
.
27,000
$98,894
$20,715
States Television Manufacturing Corp.—Stock.
Offered—Willis E. Burnside & Co. on April 8 announced
United
Federal
for
r.i
$291,000
4
deductions
Patents,
follows:
English
2,553,000
$264,000
income
Total
Other
,
$2,844,000
'
$235,000
20,000
"
income
Deferred
$110,207
Net...profit for the period
$127,471
Based upon information received from our foreign subsidiary com¬
panies, the. net earnings of those companies for the three months'
period ended Feb. 28 and which are not included in the above, are
as
1945
1946
$2,953,900
2,718,000
goods sold and expenses—
Post-war
the
1
• '
profit from operations
Other
f
company
Boston
York
•
to effect redemption of the
presently^- outstanding $4,500,000 of first mortgage 4%
bonds, due
April 1, 1955; to restore to working capital the $619,120 expended
for redemption on April
1, 1946, of all of the outstanding 61,912
shares of 6%
preferred stock of $10 par, and to provide funds for
improved foundry and finishing equipment and for the acquisition
Total
financial
of Chicago and the
have been Appointed
Co.
Trust
New
the
to
3 Months Ended Feb. 28—
filed a registration statement with SEC April 11
covering $40,000,000 ' 2 % %
debentures due May 1, 1976.
It is ex¬
pected the debentures will be publicly offered in the near future
by a banking group of 80 underwriters headed by Kuhn, Loeb & Co.
Proceeds
will be used
to
provide , additional working capital and
of
...
Provision
company's proxy statement sent to stockholders
the financing program for which the authorization of the stockholders
is being sought involves the issue of $4,500,000 in aggregate principal
amount
of convertible long-term
debentures and 20,000 shares of
convertible preferred stock, or in the event that the
stockholders
According
bentures—
The
&
City
the
of
.
called
meeting
authorize
to
Profit after all credits and charges except
States Rubber Co.- -Registers $40,000,000 De-
Bank
Net sales
Plant
United
•
Bank
National
Continental
National
Cost of
ible Securities—
United-Rexall Drug, Inc.—Proposed New Name—
Inc. above.
been
6 Months Ended Feb. 28—
Convert¬
Issuance of New
on
Wayne Pump Co.—Earnings—
See United Drug,
,
Bank of Chicago and the National City
appointed transfer agents for the pre*
• '
'
,
Savings
Wilson Jones Co.—Earnings—*
'.
...
&
York have
New
registrars of both issues.—V. 163, p. 1912.
$28,026,455
$9,972,978 $32,695,383
Trust
of
ferced and common shares.
Chase
1946—3 Mos.—1945
1946—Month—1945
$11,489,081
163, p. 1484.
Walworth Co.—To Vote
2313.
p.
\.v,
The. directors have declared an initial' dividend of 20: cent? per s&are
the $1 par common stock, payable June l to holder* of record May
15.
The board also has declared a pro rata dividend (initial) on tho
5% cumulative $25 par preferred, stock, covering the period April '2 to
The
15.2% Higher—.
stock
holders
The
—V.
asked
shares of common stock outstanding.
is acted upon favorably by the stockholders
the number of ,outstanding
shares would be increased to 2,801,120
leaving an additional 2,198,880 shares authorized but unissued, avail*
able for future requirements of the company.
that
6
Walgreen Co.—March Sales
■
present
there are 1,400,560
providing the proposal
All
April
on
from
author¬
time
-Wilson Brothers, Chicago—Initial Dividends-^
on
Tex—Increases Stock—
approved an increase of the capital
$300,000 to $600,000 through the declaration of a 100%
stock dividend.—V. 148, p. '2136. ,
•
stockholders
stock
Period End. Mar. 31—
w
j
Vanette Hosiery Mils, Dallas,
The
Sales
Drug, Inc.—Proposes Change in Name and
in Shares—
- \
-
on
u
i
2055,
$7,228,889
Total
—V.
163, p. 1078.
'
^
.-.
-...'.x:
-
-
$7,362,285
i
x
sialic?:;'
LE'Sfeg/
CHRONICLE
ass
••'• (F. W.)«Wdolworth CO-^Declares Extra
Dividend of
Redeem Balance of Debentures-f
.
«• wewtf
ISO Cents—To
bank loan.of $450,000-Repayable in iseml-aunual
instalments
period of not more than seven years. I'H'i'Vf.i
w-*,v.*r«
«wj
m a
company i™
«^«^.,^^,MMttM>:,(^l> par)■'-•
°nd
m .*? "
over a
weWn* awdentls ra »■ «*>**
d The directors
,
to Pennsylvania Gas. & .Electric Corp. of 3,680 shares (out.
1
^ (second) preferred
s
contemplated sale
Sale
(3)
on April lo declared an extra dividend
share and the regular quarterly of 40 cents per
"
stofck both payable June 1 to holders of record
?
•
-
-
^
.
IWir
quarterly payments of 40 cents each
The
\
directors
also
voted
to
retire
the
made.
were
balance
nit,,
r\ft A
Period End. Mar. 31—
'
•
2%%
.......
^
:
•
163, p. 1485.
Assets Realization
F.
&
Corp.—No Payments to
Holders of Participation. Certificates After Sept. 30—
to
said
certificates will be
Pursuant
standing
forever
to
the
from
the
aforesaid
certificates
Series
all
and
holders of
C
are
Co.,
holders
claim
or
said
of
or
1213.
on
before
Sept.
certificates
collecting
30,
will
1946,
be
forever
distribution
any
and
barred
said
on
failure
upon
out¬
;
to
so
,
A year
ago
company had
for
arrears
7%
making any
certificates.—V. 162, p.
preferred
several
stock
and
years,
Byrnes Statement
on
which
$1,200,000
on
of
would
funds
organization,
as
Byrnes,
as
given in the Washington dispatch
of
the
Press:
President's Message
r
To
Associated
the
-
Congress of
the
United
States:
I transmit herewith for the in¬
formation of the Congress a
copy
of the report on the
activities of
the first part of the first
session
of
the
General Assembly of the
Nations in London, Eng¬
United
land, Jan. 10-Feb. 14, 1946, sub¬
mitted by the
Secretary of State
to the President of
tie United
States under date of March
;i946.
The
1,
*
imple¬
anything less
ican representatives in the actual
.establishment
of the institutions
provided in the charter of the
United Nations, and in the initial
work of the General
Assembly
regarding the urgent problems
confronting
the
fifty-one
mem¬
bers of the United Nations
is vital to all Americans.
today
The United States
supports the
charter. The United States
sup¬
ports the fullest implementation
of
the principles of the
charter.
The United States
seeks to achieve
the purposes of the
charter. And
the United States seeks
to perfect
the charter as
experience
lights
the way. To do less
than our ut¬
most in this essential
effort of
peace-loving
nations,
whatever
may be the obstacles and difficul¬
ties, would be a betrayal of the
trust of those who
fought to win
the opportunity to have a
world
at last with peace and
and
security,
well-being, for all. To
utmost will
be to
give
do our
new
and
full expression to the
meaning of
"America" to the world.
I commend to the
attention of
the Congress the enclosed
report
as
constituting the record, briefly
told, of the part taken by our repi
you may
wish to forward it to the
Congress
for its information and for
the
of
the
American
The first formal session of the
fifty-one nations united under the
charter adopted at the San Fran¬
cisco Conference last June
ends
a
long chapter of preparation for
peace
carried
midst
of
out
It
war.
even
opens
in
the
a
new
chapter of active collaboration
of
the United Nations for
the main¬
tenance of the peace
finally won
after that conference and
for the
encouragement of relations
the promotion of
conditions
ducive to peace
and
con¬
throughout
the
world.
participation of the Amer¬
resentatives in the progress so
far
made by the United
Nations, now
established and at work.
amounted
retire
The
first
step along this road
took place
only three weeks after
Pearl Harbor
when, on Jan. 1,
1942, the United Nations decla¬
ration
was
House
signed at the White
pledging
the
twenty-six
governments then
signatory to the
declaration to co-operate to win
the
war.
Next began a series of
special
United Nations
conferences called
on specific
matters which seemed
ripe for discussion, such
and
agriculture,
relief
habilitation, monetary
as
food
and
re¬
and finan¬
cial
date
has
resulted in
the
March
on
Dec.
|lrihOctobei^
sity of
establishing
a
general
or¬
ganization for the maintenance of
international peace and
was
recognized at
conference of the
security
the
Moscow
of,
cisive
measure
of
agreement
in
principle, in which China joined,
was announced in
the declaration
of Moscow.
adjustments
taxes
for
all
of
the
present
debt
income
taxes
83,057
,
—-—:
income
Gross
Total
Net
84,957
$297,872
7,291
$263,315
$305,163
146,653
$263,887
157,686
# $158,509
$106,201
~
v
—-—---
income
1945
31,
<
the
and
secure
upon
— ,
—
deductions
interest
——
—
income
—-—--—- -
Dividends paid
571
30,000
———.
—
DECEMBER 31, 1945
BALANCE SHEET,
investments and special
deposits
..ASSETS—Utility plant, $4,358,907;
$585,392; cash, $282,637; U. S. Government securities, at cost, $75
000*
accounts receivable, $93,969; materials and supplies,
$86,062; prepaid
$50,000
insurance,, etc., $6,096; deferred charges, $113,583; total, $5,601,646.
LIABILITIES—Common
stock
(par $20), $600,000; capital
surplus
from recapitalization, less charges, $635,490; earned
surplus
31,
1944, $115,537; long-term debt, $2,482,300;
current
liabilities
(exclusive of redemption and maturity of long-term
debt)
$259,703; deferred liabilities, $2,036; depreciation reserve,
$1,453 626*
miscellaneous reserves, $13,847; contributions in aid of
arising
Dec.
since
the necessary
from the following sources:
agreed
Federal
25,742
34,021
27,348
--rr-r—■——
estimated
earnings
Other
625,134
63,509
86,702
85,113
utility; plant
of
$39,108; total, $5,601,646.—V.
each of the members of the dele¬
construction'
163, p. 698.
ems
were
*
v
faced
gation to carry out your general
and resolution.
instruction
with
nations
wholehearted support
United
the
demonstrate
to
States
which
The
frankness
participating
demonstrated
by their
firmness of expression in the
dis¬
the
was
cussion, the weight they attached
to the organization and to the
de¬
cisions reached.
a nine-week
conference at
San Francisco beginning
April
step
1945,
is
and
and in
25,
unanimous
reached
United
upon
the
agreement
was
charter of the
Nations, which
was
signed
June 26 and
mitted for
immediately sub¬
ratification. During the
government
commended
more
the terms of the charter into
de¬
tailed recommendations for the
establishment of the various or¬
gans of the organization. With the
charter in effect Oct.
24, and rati¬
fied by all fifty-one members
by
adequately
I
wish, also, to
deep appreciation of the
entire delegation for the excep¬
tional efforts made by the British
people,
representa¬
tion at this first part of the
first
of the General
Assembly
in London
continued, as at San
peace
been
strong
The next one can take
■
low well
way will
we can
depend,
peace
bring to
can
That step, though
has
one,
constructive
modest
a
and
sure.
further.
us
advance
on
the
I said to the
14, upon the
as
Assembly ori Jan.
support given the United Nations
oy the governments and peoples
which compose it. Their support
should
be forthcoming because
ing created by the war, to provide
every possible comfort and con¬
venience for the great assemblage
of delegates from
many lands and
to
extend
to
the
us
hospitality
and welcome for which the Brit¬
States
that
a
long road to
despite
ish Isles
United
all
taken
the
the shortage of supplies and hous¬
Dec.
The
have
on
man.
particularly
voice the
was
27, the General Assembly
called" for Jan. 10 to take
final action to
bring the. organi¬
zation into being. "
:
We
by the record of accomplishment
than it could be by words here.
succeeding summer and autumn,
preparatory commission and its
executive committee
translated government and
a
are
famous.
The first part of
sion in London
je
V:
the first
was
primarily organizational:
main purpose was
various organs of
ses¬
intended tb
Its
;heir
common
interests
far
out¬
weigh any conflict in interest that
might divide them.
V, The United Nations is now a
going concern. Its principal or¬
gans
and
their
working
bodies
have begun to function. The gen¬
eral area of its home site in the
the United States has been fixed, and
continuing col- its permanent staff is even now
"aboration provided for in the arriving on our shores to estab¬
Francisco, to be broadly repre¬ charter; it, .was, not
ahtio^t&d: lish the temporary/ headquarters
sentative
and
non-partisan.
It that many matters; otfi substance in New York City and to plan for
contained members both of
the would be considered at the same the permanent, headquarters in
Senate and House of
Represen¬ time as the work of establishment the area of Westchester and Fair¬
tatives and officials of the
various was being undertaken. It was felt field counties.
The rhythm of
executive departments
concerned, that substantive problems could regular activities and meetings is
as well
as important
persons in be handled in a more orderly and beginning.
•
the two principal
political parties. effective way, after careful
prepa¬
During tho meetings in London,
The delegation,
appointed by you. ration, in the second
part pf the the following organs and suborsession
with
the
consent
of
the
Senate, first session.
headed by me as senior
rep¬
resentative until my departure on
Jan. 25, and thereafter
by the
Hon. Edward R. Stettinus
Jr., the
representative
of
the
United
States at the.seat of the United
was
Nations, who also represented the
States on the Security
Council. Senator Tom
Connally,
Senator Arthur H. Yandenberg
United
Mrs.
Franklin D. Roosevelt
served
as
representatives.
The five alternate
representatives
to
set
■.
the
provided for in the charter
duly established:
V The
General
Assembly, the
gans
However, the profound
tions which
up
war
had
disloca¬
caused
throughout
were
human society per¬
such systematic devel¬
meeting At least annually of all
member states, elected its officers,
approved its provisional rules or
procedure, and in thirty-three
ganized by problems of two
types: public plenary sessions served
First, broad problems of concern both as a constituent
body to can
to many states or to the whole
into being the other organs and as
world, such as the food crisis, the a deliberative
body to discuss
control of atomic
energy, trade matters of general policy and mand
employment,
health,
and terest./
■
refugees;
and
second,
specific
The Security Council, the or¬
problems such as Spain and the
gan composed of eleven members,
country problems dealt with by
with primary responsibility
thb
mitted
no
opment.
The
organization was
confronted even before it was or¬
on the delegation:
after. .Jan..^
^onc^Yniiag: the maintenance of, international
Representative diaries A. Eatoii, Iran,
Greece,' Indonesia; and Syria
Mr. Frank Walker, former
Sehr and Lebanon. Constructive prac¬ peace and security, and so or¬
ator John G. Townsend
Jr., and tical actions had to be considered ganized as to function continu¬
Mr.
John
Foster
Dulles.
The and agreed upon. These circum¬ ously, was confronted almost im¬
United States was represented on stances
demonstrated in fact how mediately with problems concern¬
the Economic and Social
Council thoroughly justified had been the ing Iran, Greece, Indonesia, Syi
and Lebanon, and dealt with tne
by the Hon. John G. Winant, Am¬ long-held
feeling that it was im¬
as well as with certain organs
bassador to the United
Kingdom, peratively urgent to establish the
Foreign Min¬
the;.!United States, the
United Kingdom and
the Soviet
Union, and their wide and de¬ who
isters
depreciationamortization
<np excess profits
Net
5'/a fo
1, 1946, the funded debt
deducting
establishment of a group of spe¬ were
Representative Sol Bloom,
cialized
international
organiza¬ who served as a representative
tions.
for
acquisition
Provision
1944
$1,183,465
pledged to give the United Na¬
tions Organization/ The devotion
of all to the full discharge of the
responsibilities of the delegation
co-operation, civil aviation,
educational, scientific and cul¬ and
tural
co-operation, which by the also
and
present
redemption
At
dom and the Soviet
Union, and
subsequently China.
Shortly thereafter the meeting
of the United Nations was
called,
on
information
people. 1.
•
General
reduced by $310,000 and $60,409
property additions.
to $2,482,300.
After
by
the
United States, the United •King¬
had fought for a world at
peace' London from Jan. 10 to Feb. 14.
with security. Following are the I also
enclose a copy of this
report
complete texts of the President's with the suggestion that
message and of the letter of trans¬
mittal of Secretary
was,
gross
Council
F.
betrayal of those whof
for
for
-
„
,
■
1945
$1,218,094
debt
funded
voting procedure in the Security
UNO London Meeting
tors that the United States was
obligated to do its utmost to
ment and support the charter of the
a
Provision
(1) An issue of $1,700,009 jiew first mortgage bonds.
Byrnes on the
first meeting of the United Nations
Organization, together with the
Secretary's covering letter, were transmitted to
Congress on March 19
toy President Truman who, in his letter of transmittal
told the legisla¬
would be
the
f
664,137
60,565
s
for the purpose
had
stock.
Secretary of State James
c
As the market for public utility securities
appears to afford ft favor¬
able opportunity to place the
company's finances on a more satisfac¬
tory basis the directors have approved a tentative financing program
Truman submits report to
Congress, along
with covering letter
A report prepared by
Until
.
bonds called for
which
common
$2,000,000.
totaled only $2,432,300;
con¬
dividends
v,,--,''';.
revenues—gas
Maintenance
Provision
-
(2)
exceed
expended
series
a
outstanding $2,700,000 capital stock,
-
Operating
to expend $60,000 annually for gross property addi¬
for still further funded debt reduction until the funded debt
debt
'•
= ■
•
rnncipax
Principal
•.
PennfGas Co.
funded
County Gas Co, — Annual
Report—Financing
Plah Approved— C
:"
sisting of $1,500,000 of
,'i^i
balance
its
During. 1945. the funded debt
■
was
do,
York
bean in
not
North
to
from
■
CONSOLIDATED INCOME ACCOUNT YEARS ENDED DEC. 31
!*'?;v,T.
actually reaches
requirements are
may be accomplished out of the
proeeeda. from any sale of physical property pledged under the mort¬
gage or from any sale of the company's investment in common stock
of Peoples Light Co. of Pittston or the
(second) preferred stock of
or
required
or
does
>
order,
B
p
the $2,000,000 amount,
however, the annual minimum
exclusive of bond retirements which
do, holders
making any claim
said certificates.
of
terms
participation
barred
on
tions
present their certificates for collection of the final distribution
of 2%"
and the affixing of an allonge
thereto, at the office of The New York
Trust
to
$2,000,000 and
present their certificates for cancellation and surrender and the
collection of any distribution payable, on or before
Sept. 30, 1946 at
the office of the Agent of the
corporation, The New York Trust Co.,
100 Broadway, New York 15, N. Y., and upon failure so
collecting any distribution
Dre.
to connw^
fftcftfcitfttt^ton,, cp»P>tt3Mg.
(1) to reduce its funded debt at the minimum rate of $100,000 annu¬
ally until Jan. 1, 1953 or until the funded debt does not exceed
required
•
-,j
om
^
Pursuant to an. order of the Supreme Court, New York
County, nil
holders of outstanding participation certificates series A are
to
.th
,,
42,911,839 106,979,618 105,905,169
40,000,689
Z.
©f
«»-—.
each shareoftne
Simultaneously the company
sheetsM^ quired: by;
among mese #ujuanuu»»™
among these hdjujstments^ was a reduction, of
"T"rT~«^tivoi
$1,537,002 In utility plant account to restate thfet
cost
when first devoted to public service.
With these
adjuamjaws
ttLLv/iupwoucvt
accomplished IV became possible shortly thereafter to initiate amit MCVOlllC pvooiMiv
*
i\A
dends on the new common stock with a quarterly declaration °i 5Uf
per share payable Nov. 1,
1945.
A like amount was paid on F.eD,
l, 1946.
,r;
-
-
»*v«
common.stock for
ferrect stpck.
ments
.
1946—3 Mos.—1945
wuveiwujuw
new
V*.v*v—
Bales
r-V.
of, two shares of
sinking
next. .Interest
>\'~»^.:;*-v.J.:4C^.w^^'k«».::?v--..vommission,
Commission.
1946—Month—1945
**■
-
**»»
of the
lunddehentures intheamount of $17,COO,000 on the
date
July 15, 1946.' I
'
'
P
March. Sales Off fi 8 <7—•
6.o%—
'/#&£$!&>
Monday, April 15, 1946
v
ing
was
the
appointed to serve dur¬
organizing meetings of
this council in London.
The
representatives were as¬
sisted by five
advisers, Mr. Ben
jamin V. Cohen, Mr. James Clem¬
United
Nations Organization at
the earliest possible moment.
It is difficult and even hazard¬
ous to
attempt an immediate as¬
tionat
matters
TYlAPtiTlffC!
ij'
in
twenty-tnr
v
Military Staff Committee,
military body cons^ng g
Chiefs of Staff of
The
the
the
sessment of such a large under¬
taking which inevitably covered permanent members of the bet
Dunn, Mr. Green H. Hack- many subjects and touched
If AERY S. TRUMAN.
Dumbarton Oaks and
upon ity Council or their representa
agreed upon worth, Mr. Leo
Pasvolsky and wide and complicated considera¬ tives, which is to advise
definite proposals for a
rV
general Mr. Adlai E.
Byrnes's Letter
Stevenson; by, i tions. J believe, however, and
curity ^Council on all mi1
international
organization
to principal
The President:
adviser, Mr. Alger Hiss, think my views are widely
maintain international
shared, matters, took the necessary
t(p
I have the honor to
peace and and by a number of
transmit security and
highly qual¬ that these unexpectedly hard tests to organize itself and is ready
to promote the
d
gen¬ ified general and special
my report on the activities of the
advisers encountered even before organiz¬ proceed to substantive work as
eral welfare.;
and assistants; from the
delegation representing the United
Depart¬ ing problems
could
be
solved directed by the council^
Then .followed the Yalta
Con* ments of
H States at the first part of the first
State, War and the Navy were met with courage, with suc¬
The Economic arid Sociaico
ference.in February, 1945. There
and other parts of the
session of the General
govern¬
Assembly the Dumbarton Oaks
cess, and with hope for the future
'■TT
cil, a principal organ comP
^uuiuai^uii
v/aiv&
pxupusciis
mem,
proposals ment.
The organization was
P\> w TOtea-'Rations hel^ i$
effectively of eighteen members
^
established and substantive prob- great possibilities* f°r ^
*
In the autumn of
1944, repre¬
sentatives of these powers
met at
ent
-
*
W^wwww*^^
163
I yolume
THE CQMMERCIAL & FINANCIALCHRONlCLEi
Number ;4481
well-being,
I peace-
in thirteen meetings
I center
important commis0
»"mand committees and began
Sf first substantive work with
? i!!nn<3 to call two; world con-
The
international
activity immediately in prospect
is heavy, and will demand a wide
range
of participation > by
the
(Sees
United States. The
human
Ivf^hed
briber
of
nations a
of co-operation.
working
of
program
Statutory Debt Limitation
2057
of Feb. 28,1946
as
The Treasury Department made public on March 7 its
monthly
report showing that the face amount of public debt obligations issued
under the Second Liberty Bond Act (as amended)
outstanding oh
! Teh.
.28, 1946 totaled $289,590,774,437, thus leaving the face amount
Security Coun¬ Of obligations which may be issued subject to the $300,000,000,000
to establish permanent
international organizations in the cil is expected to resume its meet¬ statutory debt limitation at $10,409,225,563, In another table in the
ings about March 21 at the tem¬ report, the Treasury indicates that from the total
Hields of health and trade.
gross public debt
The
international Court of porary site in New York City; and guaranteed obligations of $279,764,369,348 should be subtracted
the military staff committee will
$989,924,902 (outstanding public debt obligations not subject to debt
i,slice, the principal judicial or®
meet at the same time and
place;
imitation), and to this figure should be added $10,816,329,991 (the
of the United Natrons, corns
the Economic and Social Council unearned discount on U. S.
Savings Bonds). Thus the grand total of
f"d of fifteen judges ■ duly
Ked
Id
the General Assembly.
Security Council, with
by
the
seat at The Hague,
is scheduled to convene on April
permanent
3
next.
Secretariat, the permanent
international staff of the organi¬
sation with its provisional struc¬
ture
regulations and budget ap¬
proved by the General Assembly,
is already in process of building
The
organization under the first
|b
secretary-general.
the charter which it was
not possible to set up at this first
nart of the first session was the
for in
due
not to lack of desire but to the
fact that, although necessary ne¬
gotiating steps by the states di¬
rectly concerned are under way
relative to certain mandated ter¬
ritories, these negotiations have
not yet reached the point where
the terms of the charter for the
trusteeship council. This was
establishment of the council can
be fulfilled.
There is reason to
that
however,
expect,
soon
this can
the
done. Furthermore,
be
has shown ac¬
tive interest in information to be
received in the mean time from
all states administering non-selfgoverning territories relating to
General Assembly
economic, social and educa¬
tional conditions in such of these
territories as are not trust terri¬
the
tories.
not. named in the
principal organ—the
Age had not been en¬
Although
charter
tered when the-charter was pre¬
pared—the commission on atomic
energy calls for special mention,
ft is with
May 25; the Inter¬
on
Court
convene
of
Justice
will
public debt obligations outstanding as of Feb. 28, 1946 amounted to
$289,590,774,437.
April 3; the commission
Section 21 of the Second Liberty Bond Act, as amended, provides
that the face amount of obligations issued under
authority of that
early
date;
the
international
health conference will
later
first
session
not
convene
than June
20; the interna¬
tional trade and employment con¬
ference will be called during the
year; and the second part of the
the
of
General
Act, and the face amount of obligations guaranteed as
and interest by the United States (except such guaranteed obligations
as may be held
by the Secretary of the Treasury), "shall not exceed
in the aggregate $300,000,000,000 outstanding at any one time."
number of the commissions and
the
of
Assembly and
of the Economic and Social Coun¬
cil,
is
on which the United States
represented, will be at work
the
here
a
a
feeling of gratification,
indeed with a feeling that a great
step forward has • been achieved,
that I can say that the proposal
agreed upon in the meeting of
the Foreign Ministers. of United
States, the United Kingdom, and
the Soviet
Union
Moscow
at
Savings (maturity value)—
Depositary
Adjusted service
r
of
rest
Certificates
Bearing
for
only to be
not
us
Debentures:
Demand
relations.
Grand
Balance
of
each and all of
and
after
The
death
17
Mar.
at
the Economic and Social Coun¬
cil, and, with full details, in the
Publications
tions.
■
of
the
United
Na¬
We
are entitled to feel encour¬
aged by this constituent meeting
the General Assembly of the
United Nations. Though inevitably
nation was iiAl^ coritent with
everything done, Call seemed to
[®el that substantial progress had
announced
was
85 years
was
:
.
Throughout
OF
THE
PUBLIC
DEBT—FEB
28,
1946)
1946
1946:
public
debt
obligations not owned
effort
tireless
behalf
in
of
.
by
$279,213,558,897
550,810,451
the Treasury
$279,764,369,348
States
each
alize
J to provide for the
of
attorneys and
documents
destined
to
power
other
Syria.
:.
»,
n.,
.
"I take this
opportunity to as¬
that we shall be J very
glad to furnish you with any in¬
formation regarding trade
regula¬
tions, customs duties, and other
you
was
held for her devotion
Private
member of the central commit¬
tee, many persons high in official
life commended her for her ser¬
The report issued on April 4, added
for
construction
March
on
a
weekly
basis is
$23,351,000, 76% higher than February, 1946 and 690% higher than
March, 1945. Federal construction, $10,820,000 average per week is
63% higher than February, 1946 but 53% below March, 1945.
is
engineering construction volume for March, 1946, February,
Civil
1946 and March,
1945 are:
'
r
,
.
;
...
Total U.S
•-
.
i
$383,981,000 $248,025,000
$182,498,000
247,297,000, 168,630,000.,
52,508,000
136,684,000
79,395,000
129,990,000
93,405,000
52,922,000
14,783,000
43,279,000
26,473,000
115,207,900
Construction
Private Construction
Public
Construction
State &
Federal
March, 1946
Feb., 1946
March, 1945
-(four wks.) ***(four wks;)^??(five wk's.)s
Municipal
—
vice to the Red Cross and to hu¬
For the first quarter, engineering construction reported by "En¬
Letters from President
and ; Charles ; Evans gineering News-Record" totals $980,283,000, a 158% gain over 1945
of which $326,893,000, is public, a 23% gain in spite of the fact that
Hughes, former. Chief Justice of
manity;
Roosevelt
the United States Supreme Court,
were
read
Vice-President
by
^ ~
;
tor Miss
*'
federal
construction
has
dropped 52%
from its 1945 rate.
engineering construction for the! quarter
gain over 1945.
,
f
By classes of construction, the first
l
ml
W
,
„Arimrorfn
AQOfj*
miVilin
Private
is $653,390,000, a-475%
quarter shows .gains in
Kvi rlctac
«
odvtVi.irnvlr
Boardman's
cut
Reconversion
had
recommended*
to
President
Truman, Admiral
Chester W. Nimitz, Chief of Naval
Operations, told the House Naval
Affairs Committee on Mar. 19 that
a &
average
Public construction in March on a weekly average basis is $34,-
to
"In 1944, when she retired as
Secretary of the Red Cross and as
weekly average.
171,000. the highest since August, 1944. It is 72% above February,
1946 and 31% higher than March 1945.
State and municipal construction on a weekly average basis
For
t
opposition to thein the Navy's 1947
construction
budget which the
Office of War Mobilization and
This is the highest weekly
$61,824,000, the highest private volume since March, 1930. It is a gain
of 46% over February 1946 and of 488% over March 1945.
she had
received
acknowledgment from
persons in high office of the great
work she was engaged in.
The
Associated Press stated:
of the month.
in part:
grateful
a
totals
of the four weeks
Opposes Navy Cut
proposed
construction volume in the continental United
$383,981,000 for March, an average of $95,995,000 for
since November, 1942 and 27%. higher than the average todate in 1946 through March, according to "Engineering News-Record."
It is 55% above the February average in 1946 and 163% higher than
years
many
Nimitz
Expressing
memory were paid at her death
gathering by President Truman; Chief Juswhere representatives of most of tice Harlan F. Stone of the U. S. struction, 369% over 1945.
New Capital
lie
world's nations met in almost Supreme Court, Basil O'Connor,
New capital for construction purposes for the four weeks of
constant session all day and many Na$onal Chairman of the. Amerwenmgs. thr6ufeh^but {five: .weeks, J/»an:RedC^sSv Harvey p.'Gibsoh/ Marcfc£ 1946 itbta^; $55,565,000, or .a^weeklyiaverage of' $18,891,000t
that is 91% above the average for February, 1946 and 78% below
me net
result of this initial ses- National Chairman of the 1946
the average for March, 1945. *"'\ '"••'"7 ; " •
8l°n has
been
campaign, and many others.
a
"The. Consulate will also issue
transit and entry visas to
persons
traveling to Syria, and will leg¬
average
Red
Tributes
large
New York.
Civil engineering
the
luncheon."
so
thankful if you will make
note d£ this and inform inter¬
persons and institutions of
the opening of our
Consulate in
Totals $383,981,000
>
of
years
Despite all the difficulties,
differences and sometimes irrita¬
in
foreign Con¬
ested
Approximate face or maturity value; current redemption value, $48,692,150,159.
the March 1945
her
all
Henry A; Wallace at a testimonial
tions
other
be very
March Civil Engineering Construction
Miss Boardman
amongst na¬
tions.
no
C., which has jurisdiction over
the other states. I shall, therefore,
$289,590,774,437
of age.
Peen made toward
orderly human
peace
10,409,225,563
sure
oh
relations
and
28,
gross
Washington, of Mabe"
the work of the Red Cross.
on
*
economic matters."
she
the General
Assembly, in the sepa¬
rate reports to be transmitted later
by the United States representa¬
tives on the Security Council and
17, 1945,:
temporary offices at the HoBiltmore, 43rd. Street .and;
Madison Ave., Room 240.
Phone,
Murray Hill 9-7920.
;
«
"All shippers to .Syria through¬
tel
9,826,405,089
Mabel T. Boardman Dies &
minimum of detail in the follow¬
ing pages of this report relating to
session.
STATEMENT
public debt and guaranteed obligations
Add—Unearned discount on U. S. Savings Bonds:
(Difference between maturity value and current
redemption value)__—-a,
—
$10,816,329,991
Deduct—Other outstanding public debt obligations
not subject to debt limitation
989,924,902
*
organization, will-be found with a
five-weeks
WITH
history's
views
expressed
by
the
United States delegation, as well
as
the positions
to. which the
United States was elected in the
the
its duties as of Dec.
Government in this or
countries. We also have a
Consulate General in
Washington,
obligations issuable under above authority
Total gross
Cross, Miss Boardman de¬
clined to accept pay for her work
and paid her own traveling ex¬
penses for the organization.
Mes¬
sages from all over the country
testified to the regard in which
The
amount of
Guaranteed
action
JAMES F. BYRNES.
most of her life.
during
(a.i.). The Consulate has entered
other
289,590,774,437
most terrible war.
Many other decisions essential
taken
shire, New Jersey, New> York,
Ohio, Pennsylvania, Rhode Island
and Vermont, and ; that I
have
Syyrian
12,045,850
(Daily Statement of the United States Treasury, March 1,
responsibility in order that we
make our fullest contribution
toward assuring that the peoples
of the world may have the peace
and
well-being which they so
crave
over
the
sulate is authorized to act for the
outstanding
Outstand Feb.
match this
us
Consulate General in
a
may
desperately
face
Total
thought
a
New York with jurisdiction
D.
total
RECONCILEMENT
-
May 'the
established
the fact that
39,317,636
499,446,965
obligations: CCC
550,810,451
pitality and understanding in our
.
(not held by Treasury):
FHA
Matured, interest-ceased-
part of
a
New
legalization' of documents applies
both to freight and
parcel post
shipments.
"May I bring to your attention*
538,764,601
organization
of
world-wide co-operation. We will
want to be generous in our hos¬
States.
were
bonds,
Interest-bearing:
Washington, where she had lived
cific fields of interest
refund
Guaranteed obligations
permanent
a
United
orderly working of the new
organization 0? important in spe¬
tax
289,039,963,986
still more to be the host to,
but
in
to the
profits
Total
also
mission
the
231,418,582
116,854,512
142,565,136
Stamps
It will be a new experience
tion.
General,
"X have the honor to inform you
hat the Syrian Government has
,
bers of Commerce or of any of¬
ficial Institution recognized in this
country.
The fee for legalizing
certificates of origin is $2.30. Th$:
288,549,125,756
interest:
Savings
Exc.
Thorp Boardman, former nationa
secretary of the American Red
Cross, and a leader of the organi¬
zation for over forty years, the
Associated
Press reported from
in
no
War
and finest in the American tradi¬
was
meet
interest-bearing
Matured, interest-ceased
American people
a great responsibility, which will
require us to live up to the best
accepted
the United Na¬
tions
Assembly, and that the
carrying out of the great respon¬
sibilities of the commission will
now begin as soon as the
com¬
can
39,380,802,200
50,022,389,000
17,031,826,000
indebtedness
106,435,017,200
Total
throws upon the
1945, for
a
special
commission to deal with this awe¬
problem,
unanimously by
of
Treasury bills
This
It
Syrian Consulate
York City:
quired to present certificates of
origin, Form No. 9, and invoices
in duplicate for legalizing the sig¬
nature of the secretaries of Cham¬
500,157,956
Treasury notes
permanent
world.
the
of New York has
received the following letter from*
:itafik. Asha, Consul General (a.i.),
out the United States will be re¬
$182,114,108,556
yesterday, as history is written,
virgin territory unknown to
the
in New York that the Federal
;ee
Reserve Bank
-
$121,634,582,450
*50,508,480,150
470,888,000
Treasury
was
December,
some
$300,000,000,000
Bonds—
an
honor for
'7
at its
Obligations issued under Second Liberty Bond Act, as amended:
Interest-bearing:
unprecedented
country which only
represents
-
Total face amount that may be outstanding at any one time—
Outstanding Feb. 28, 1946—
particular, there will be
established
on
on
Not only will many of the above-
home of the United Nations.
made
limitation:
mentioned meetings and activities
take place in the United States
in
was
been appointed as Consul General
throughout the coming months.
but,
Announcement
Jan. 16 by R. F. Loree, Chairman*
of the Foreign Exchange Commit-
The following table shows the face amount of obligations out¬
standing and the face amount which can still be issued under this
As¬
sembly w^l open Sept. 3, while
a
Establishes
Consulate General in N. Y.
following states: Connecticut,"
Illinois,. Indiana,. Maine, Massa-*
to principal
chusetts, Michigan, New Hamp-
atomic energy will meet at an
on
a
as
Atomic
national
committees
.
major organ provided
The only
will meet
Syrian liovt.
-\0t.
"minimum
of
six
months"
would- be
required to bring the
Navy back to its 1945 fighting
strength in the event of an emer¬
gency.
The suggested cut of $2,100,000,000 in Navy funds, he
said, would "jeopardize the influ¬
ence of our nation in world
affairs
and; thedefense: ':r6f^Tsur home¬
land." :v'
"
The Admiral told the Congress¬
according to the Associated
men,
Press accounts
;froin Washington,
$
j^atpnder- its original bhdget ;re*^
quest of $6,325,000,000 for the fis¬
cal ; year beginning July
1 the
Navy had planned a fleet of 500,000 men and 1,079 fighting
ships,
including 319 vessels on active
status, 73 in reserve with; 30%
crews, and 687 inactive.
"He declared the budget cut, if.
approved. by Congress," will mean
the Navy will have this strength?;
47,000
*
by March
1947, and
965 combatant vessels, including
291 on active status, 42 in reserve
men
and 632 inactive.
"The Budget Bureau cut Navy
from $6,325,000,000 to $4.-
funds
225,000,000 for the twelve-month
beginning
on
July, 1.
period
Nimitz said
the} bureau; had. cut si
ihe^hllocatiorif to V $3,960 000,00^'#
hut raised it to $4,£25,000,000; effer
the Navy had protested*" f.-f*
r *
4W (W
!%■
■
.
'.a'.-
.
2058
"
THE COMMERCIAL & FINANCIAL CHRONICLE
State and
MondayV April 15;
l&4ft
City Department
BOND PROPOSALS AND NEGOTIATIONS
tax limit.
ARIZONA
the
Maricopa County (P. O. Phoenix),
'
U. S. Supreme Court—The United
States Supreme Court, on April 1,
denied the application for a writ
of certiorari
in the
Washington
case
of
In
February,
the
1943,
State
Commission, on behalf of
the county, received and accepted
a bid for ah issue of
$4,100,000 re¬
funding bonds, as 2%s, at a price
of
100.019.
Included
in the
bid¬
ding group wereTL H. Moulton &
Co., Boettcher & Co., and the
Bank of Ahierlca N. T. & S A>
.
Maricopa County Elementary
Phoenix), Ariz.
Bond
Offering^.
E. DeSouza,
Clerk of the Board of Supervisors,
will receive sealed bids until 2
■
a master sewage dis¬
posal plan proposed under the
East
Bay
Sewage
District
Project.
vs.
Loan
-
.
tion for
State
Maricopa
County,; Ariz., thus ending the
four-year fight carried on by the
bondholders, who challenged the
right of the county to call certain
of its bonds in advance of stipu¬
lated maturity dates. The action
was
instituted by the State .of
Washington and the . Equitable
Life Insurance Col, of Iowa, fol¬
lowing a decision of the Supreme
Court of Arizona
that certain
highway bonds of the county were
callable
to maturity date*
■
$730,000 No. 1—Sewers, compris¬
ing proposed separation of
storm
and
sanitary sewers
within the city in prepara¬
Bondholders Denied Review by
of
The bond proposals for
total are described as
follows: V '•••'■';;';■:'■
■
Ariz.
above
and
the
bonds
for high
school
shall be considered as
separate issues. Each bid shall be
for
the
bonds
entire
and
amount
shall
be
at
t
single
rate
of interest for each issue,
and any bid for less than the en¬
tire amount of said bonds, or for
varying rates of interest on one
issue will be rejected. Enclose a
certified check for 3%
of the
proved playground
date of
areas.
and offered for sale on April 16
435,000 No. 7—New parks and v.
163, p. 1917—were awarded to
playgrounds.
a syndicate composed of Weeden
390,000 No. 8—City Hall, addi¬ &
Co.,* American Trust Co., both
tions, improvements and re¬ of San
Francisco, Stranahan, Har¬
modeling.
ris & Co., of Toledo, Heller, Bruce
100,000 No. 9—Purchase of a &
Co., of San Francisco, Paine
site for a community building
Webber, Jackson & Curtis, of Chi¬
as a living war memorial.
cago, First of Michigan Corp., of
Contra
Costa
County,
Danville New York, Piper, Jaffray & HopUnion Sch. Dist. (P. O.
wood, of Minneapolis, and Walter,
Woody & Heimerdinger, of Cincin¬
Martinez), Calif.
Bond Offering—W. T. Paasch, nati, at a price of 100.0012, a net
County Clerk, will receive sealed interest cost of 1.303%, as follows:
bids until 11 a.m. on April 22 for for
$300,000
maturing
$1,00(
the
purchase
of
school
bonds March 1, 1947 to 1949 as 4s, and
amounting to $85,000, not exceed¬ $1,700,000 maturing March 1, $75,ing 5% interest. Dated June 1, 000 in 1950 to 1971, and $50,000 in
1946. Denomination
$1,000. These 1972 as iy4s. Dated May 1, 1946.
bonds are due $5,000 in 1947 to Denom.
$1,000.
Interest
M-S.
1963. Principal and interest pay¬ Other bidders were as follows:
Issued under
35.
37.
date of Dec.
Issued under
and
Im¬
bids,
sidered
not
Petaluma, Calif.
or
Offering—Gladys R. Wal-
4%
as
respec
which-shall be
informative^ only
binding
City.
on
for
con"
and
either the
bidder
Enclose
a
certified
$5,000, payable
to
the
South Sacramento (P. O.
Sacra¬
purchase of municipal im¬
exceeding
re
City Treasurer.
mento), Calif.
provement of 1945 coupon or reg¬
istered bonds amounting to $420,-
not
requested (but not
the
check
lin, City Clerk, will receive sealed
bids until 11 a.m. (PST) on May 1
000,
are
.
tive
1939.
for the
bo
quired) to supply an
estimate of
the total net interest
cost to the
City on the basis of their
provement District No. 38. Is¬
sued under date of June 5,
Bond
estimated will
July 1, 1946.:, All
bids
unconditional and for nm
less than par and
accrued interest
Bidders
13, 1937.
Acquisition
is
must be
July 24, 1939.
District No.
17,162.32
it
about
or
6,868.00 Municipal Improvement
a
amount of the bonds, payable to
880,000 No. 2—Streets.
195,000 No. 3—Fire Department, the Chairman Board of Super¬
visors.
addition and improvements.
235,000 No. 4—Electrical system.
Los Angeles County Sanitation
105.000 No.. 5—Corporation Yard,
Dist. No. 3 (P. O..
buildings and equipment.
■Los Angeles), Calif,
130,000 No. 6—Existing parks arid
Bond Sale—The sewage dispo¬
playgrounds, buildings, im¬ sal bonds
amounting to $2,000,000
No.
District
said
of
which
$6,431.07 Municipal Improvement
purposes,
Sewer
System
Bond
Pending—A proposal to
interest.
.
Issue
form a
1, 1946. Denomination county sanitary district and to
$1,000.' Due June 1, as follows: have the voters pass on the issu¬
$15,000 in 1947 to 1949, $20,000 in ance of $1,000,000 in sewer sys¬
1950 to 1954, and $25,000 in 1955 tem construction bonds is said
to
to 1965.
Bidders must specify the be slated for an early, election.
Dated June
rate
of
shall
interest
mitted
to
interest
which the
Bidders
bear.
bid
bonds
will be
different
Tulare
per¬
rates
Bond Sale
.
to
and
split rates, irre¬
spective of the maturities of said
bonds.
or
one-tenth
of
a
per
Association, of San Francisco, as
Is, at a price of 100.25, a basis of
about 0.93%. Dated April
1, 1946.
Denomination $1,000. These
bonds
are due on April
1, 1947 to 1951,
The next highest bidder was the
Principal
and interest payable at the City
Treasurer's
held
office.
authorized
on
,-The
June 12,
bonds,
These
at
an
The school
bonds
Savings
annum,
payable semi-annually.
were
Visalia), Calif.
—were
awarded to the Bank
of
America National Trust &
multiple of
1%
—
amounting to $23,000 and offered
for sale on April 9—v.
163, p. 1917
The interest rate stated, in
the bid must be in
County, Farmersville Sch.
Dist. (P. O.
of
bonds
election
1945.
general obliga¬ First National
Bank, Orosi, for Is,
£.m; on June 3 for the purchase of
tions of the City, and the Council at
a price of 100.00.
construction
coupon
bonds
thereof has power and is obligated
amounting to $1,750,000.
Dated able at the
to levy, ad valorem taxes for. the C Ventura County Flood Control
County Treasurer's
Bidder
Price Bid
July 1,1946. Denomination $1,000. office. Enclose a certified check
District Zone 1 (P. O. San
payment of said bonds and the in¬
Bank of America National
These bonds are due oh July;!, as
or 5 % of the, bonds bid
terest. thereon upon all
Buenaventura), Calif.
for,. pay¬
property
Trust & Savings Asso¬
follows: $50,000 in 1947 to 1949,
able to the County Treasurer.
Bond Offering—L, E.
within the City subject to taxa¬
Hallowell,
ciation, San Francisco,
and $100,000 in 1950 tor 1965. Bidtion by said City (except certain County Clerk, will receive sealed
Chase National Bank,
: ders to name the rate of interest. Fresno County, Easterby Sch. Dist.
bids until 11 a.m. on April 23 for
intangible personal property,
New York,
These are the bonds authorized
fP. O. Fresno), Calif*
the'
which is taxable at limited
purchase* of
construction
Bond Sale
The school bonds Seattle-First National Bank,
rates)
atthe election held: bn4&archY9,
without
bonds amounting to $3,400,000, not
limitation
of
rate
or
Seattle,
Principal knd interest payable at amounting to $40,00Q and offered
amount.
In the event that
3%
interest.
for sale on April 2—v.
Dated
prior exceeding
the
163, p. 1621 Anglo California National
County Treasurer's office;
to the delivery of the bonds the June
1,
1946.
Denom.
were awarded to the Bank of
$1,000.
! Legality to be approved by pur¬
Bank, San Francisco,
income received by private holders These bonds are due $100,000 June
chaser's attorneys. Enclose a cer^ America National Trust and Sav¬ Ira Haupt & Co., and
from bonds of the same
Rate of interest
type and 1, 1947 to 1980.
j tiffed check for 5% Of the amount. ings Association, of San Francisco, Ryan, Sutherland & Co.,
,:a''
character shall be declared to be to be in multiples of V4 of 1%. No
at a price of 100.202, ■a net inter¬
jointly,
taxable under any Federal income more than two interest rates may
;(MaricopaCountySch.Dist.No.SJ est cost of 1.126%, as follows: for
For $300,000, 4 y2 Si and
tax laws, either
(P,Of Phoenix), Ariz. •••
by the terms of be named.- No' bond shall bear
$8,000 maturing $4,000 April 1,
$1,700,000, iy4s
100.0069
such laws or by
ruling of a Fed¬ more than one rate of interest,
J Bond Sale—The $20,000 school 1947 and 1948, as 4s, and $32,000 (Net interest cost 1.325%.).
bonds offered for sale on April 1
eral' income tax
maturing $4,000 April 1, 1949 to
authority or offi¬ Principal and interest payable at
Halsey, Stuart & Co., —v.
the
cial vyhicfi is followed
163, p. 1334—were awarded 1956, as Is. Interest A-O. Dated Blair
County
Treasurer's
office.
tby the Bu¬
& Co., Inc., «
reau ,of Internal
^ to
Kenneth'f A; Ellis di Co., of April 1, 1946. Denom. $1,000. The C. F. Childs &
Revenue, or by •These bonds were authorized at
Co.,
decision of any Federal
the election held on Oct. 16, 1945.
Phoenix,; at a price of 100.055, a next highest bidder was Weeden John
Court, the
Nuveen & Co.,
bet interest cost of- 1.853%, for &
The approving opinion of O'Melsuccessful bidder may, at his
Co., for $8,000 3%s, and $32,000 Milwaukee
op¬
Co.,
bonds bearing interest at 3*/4%
tion, prior to .the tender of said veny & Meyers, of Los Angeles,
Is, at a net interest cost of 1.15%.
Milwaukee,
to
June
bonds by the City, be relieved of will be furnished.
I,
1947
and
Enclose a cer¬
1%%
Cruttenden & Co., and
Long Beach, Calif.
his obligation under the contract tified check for 3% of the bonds
^thereafter to maturity. Dated June
Bond Election—An issue of sta¬ Thomas Kemp & Co., jointly,
i, 1945. Denomination $1,000. The
to purchase the bonds and in
such bid for, payable to the Board of
For $450,000, 3s and
dium bonds amounting to
next highest bidder was
case the deposit
$550,000,
Kirby L.
accompanying his Supervisors.
$1,550,000, iy4s I
100.0045 bid
Vidrine & Co., for $20,0QQ l-4s^
airport bonds amounting to $2,will be returned.
The legal
The objects, and purposes for
500,000, and incinerator bonds (Net interest cost 1.336%.)
opinion of O'rick, Dahlquist, Neff, which the indebtedness of $3,Maricopa County, Tolleton Union
amounting to between $250,000 Blyth & Co.,
Brown &
Herrington, of San Fran¬ 400,000 is proposed to be incurred
High Sch. Dist. (P. O.
and $300,000, will be submitted to Security-First National
cisco, approving the validity of in Zone One, Ventura County
p Phoenix),. Ariz.; [ •.
the voters at the election to be
Bank of Los Angeles,
said bonds will be furnished to Flood
Bond Offering--J» ;E.
Control District, are the
DeSouza, held on June 18.
R. H. Moulton & Co.,
the
successful
bidder
without acquisition and construction of a
\ Clerk of the Board of Supervisors,
Wm. R. Staats Co.,
Los Angeles
charge.
will receive sealed bids, until 10
.work and improvement to control
County, Burbank
Redfield & Co., and
a.m. on May 6 for the
Unified Sch. Dist. (P.
The bonds will be awarded to the flood and storm waters in
purchase of
O,
Hannaford & Talbot,
school coupon bonds
Los Angeles), Calif.
the highest and best bidder
Zone. One of the district and to
amounting to
con¬
jointly,
$150,000, not exceeding; 4% inter¬
Bond Offering—J. F.
sidering the interest rate or rates conserve the/same for beneficial
For $300,000, 6s and
Moroney,
est.
Dated Jan. 1, 1946. Denom.
specified and the premium
County Clerk, will receive sealed
offered, use, said work and improvement
$1,700,000, iy4s-:—.
100.52
if any.
$1,000.
These bonds are due on bids until 10 a.m. on
The highest bid will be being briefly and generally de¬
April 23 for (Net interest cost 1.356%.)
Jan. 1, as follows:
determined
$8,000 in 1948 the. purchase of the following
by
deducting 'the scribed as follows, to-wit:
M 1965, and $6,000 in: I960: Pur¬ bonds
Los Angeles County Sanitation.
amount' :of the premiuin;
A concrete arch type dam and
amounting to $3,500,000,
,bi&
chaser to pay for printing of the not
(Pi O. Los Angeles),
exceeding 5% interest:
I
any) from the total amount$£Sh- reservoir on Matilija Creek Jfisi
!
ootids*JNW4 bids for less than
Calif.
# Y.y
above the junction of North J* one,
$2,000,000 high school bonds. Due
t^rest
^
and accrued interest will be con¬
Bond Election-*-The
following required to; pqy ^rpiu July 4,; 1946, to create a reservoir of 7,000 acr
$80,000. July 1, 194T to: 1971;
sidered. The successful bidder will
Distrt<HrwilI-elec¬ to the -respective, maturity dates feet capacity; an earthfill type
1,500,000 elementary school
be furnished with, i a certified
tions On April 16, to submit; to th^ at the coupon rate or
rates speci¬ !dam on Coyote ^ Crqek just below
.bonds.
Due $60,000 July L
check, copy of the transcript of
voters
2% sanitation bonds fied in the ,bi
and the awardi will thejunction
1947 to 1971.
£reek Jf
'
f; the proceedings so that the same
amounting to $6,529,000: \
'
: be made on the basis of the
lowest Santfr Ana .Creek to create a res¬
Dated. July..l,..1946, Denomina*
may be passed-upon by the attor¬
iiet interestvcost lo the
$?,547,000-$anitati6n; District No.]
CitjTi .The ervoir of 22,000 acre feet capaci¬
tion $1,000. These are the bonds
neys for such bidder. The
analysis
lowest net interest cost
bonds. shall be ty; a main conduit to extendIff
;
1:;j
of such transcript
shall-be'com¬ authorized at the election held on
computed between the dates afore¬
pleted within a period of 10 days Feb. 5, 1946. Principal and inter¬ ;!OOOl ^Sanitation, District No. i
said according to standard,
bond to the reservoir on Coyote tr
fe;i6 bonds.
j
est payable at the
from the acceptance of the bid
County Treas¬
by
796,000 Sanitation District No. i interest tables. The purchaser capable of delivering 20 cubic sec
the Board of Supervisors.
Enclose ury or at the fiscal agency of the
must pay accriiOd- interest
17 'bonds.
'
•; v.vQ;V
frOm ond feet of water at-such Coyoi.
a
certified check for 5% of
' / ■.'
i
the County in New York City. The
the date of the bonds to the
These bonds^ ar^aU
date Creek Reservoir; lateral :.rondurtj
bid, payable to the County Treas- bonds wilt be Sold for. cash Only
jdue- in 40 0£
delivery.
Thet City reserves and the^aoquistioh
and at not less than par and ac¬ years; urer.
;
fthej:ightrJn its discretion;1 to re¬ rights of way and easements n
crued
interest.
Each bid must
Los Angeles Municipal
Improve' < ject any and all bids and to waive essary therefor, v.
CALIFORNIA
state that the bidder offers
ment
are
-
_
—
,
,.
■
-
.
•
v
,
...
^
■
-
.
,
"
,,
,
and
par
V, Berkeley, Calif..
Bond Election—The
City Coun¬
cil has scheduled a special elec¬
tion for April 30 on the
:
of
$3,200,000 bonds,
and
accrued
interest to the
date
Acquisition Dists.
Calif.
?
any
any
irregularity
bid.
or
informality in
The
Council will take
delivery, and state separately
Bond Proposals Wanted?—L. V.
action
awarding the bonds or re¬
the premium, if any, and the rate
McCardle, City - Treasurer,- wilL jecting all. bids
not later than May
of interest offered on each
of
of the
issuance separate issues of said
bonds. For
the re¬ the
purpose of bidding, the bonds
moval of the General Fund
dollar
and
-
•
for
elementary school
purposes,
receive
sealed
proposals ^untiL
2^4946pfDeUveryiib£ &aM|&nds
May 13 for the pur¬ will
be made to the successful
chase and cancellation.of the fol¬
bidder at the-office.ef.the
City
lowing District refunding bonds:
Treasurer as soon as
10:30
a. m. on
The Ventura County
trol
District
was
created
oy
°an
Legislature of the
California, approved June
act of the
of
app^oximat
170.080 acres oMand within s
district, which includes
practicable, corporated cities of' San B
1944.
There
.
are
_
a
action
Sveral'- school districts of Ven¬
tura
County ■ and portions of
hat
by several communities that have
voted
also
bonds were authorized
election ..duly-called, held
and conducted within Zone One
of «aid district on the 16th day of
October, 1945, at which time there
were 5,186 votes cast, of which
3,537 votes were in favor of issu¬
and
other
*° obtain $64,000,000 from motor
fuel gas funds during the next
is
six
not
case
was
concurred
Justices,
an
revised
but
or new
Stone Mountain,
is
in
the
a
Water
C.
the
by
Supreme
constitution and is
provision that no county,
municipality or subdivision shall
incur any new debt, except a tem¬
porary loan, without the assent
of■. a majority of the qualified
voters therein voting in an elec-
litigation pending
formation of the
the validity of these
or
concerning the
iv
held
ion
for
that
by law, as contained in
such revised constitution, requires
COLORADO'
Alfred O'Gara & Co.,
only that a majority of those acually voting shall vote in favor
the
Of
White-Phillips Co.,
Baum, Bernheimer Co.,
Kalman & Co.,
Fahey, Clark & Co.,
$45,000,000 to be spent
•'£"•
(TC
com-fc
sue
f^e""ei UcZses"
-nTfrom Slate and^deraf^
one nC under consideration was
°n|Lf'®"eToi df to
The
road bonds.
of $675,000
issue will be voted on at an elecon
May 3.
1
J
(Territory of)
Call—It
is
Co.,
J.
Fox, Reusch & Co.,
re¬
Kline, Lynch & Co., and
L. •"
: 1"
....102.643
C. S. Ashmun Co.,
jointly ,r...—;
city
000,000 already authorized by the
Harriman Ripley &
park district. #
by W.
stated
Co.,.
Einhorn &
.playgrounds in addition to $24,- Blyth & Co.,
..
Hawan
be
Harold E. Wood &
«°red from the fees and licenses
tireairomtneleesanancenses.
The o seven-year-program 4 re¬
port provided $4,000,000 for
HAWAII
Bond
Co.,
Weil, Roth & Irving Co.,
McDougal & Condon,
H. C. Speer & Sons Co.,
S'f'ASS.
J?™?
has purchased an is-
tion to be held
&
McDonald-Moore & Co.,
posed of Brooke, Tindali & Co,
scribed
krapahoe County, Englewood Sch
Dili. No. 1 (P* O. Engl**
wood),\Colo.
endum.
and the Trust Co. of Georgia, both
pre¬
purpose
H. V. Sattley & Co.,
issue of $15,-1 for improvements on the Douglas
certificates.
Airport, Mayor Kelly said $15,-
Urn*,
of Atlanta,
"The
Co.,
First Cleveland Corp.,
mitting a $70,000,000 super-high¬
way bond issue to a June refer¬
Ga.
"Ti
old
the
Co.,
E. Lowber Stokes
existing
completely
&
Roosevelt & Cross,
county has been considering sub
Brooke, Tindali & Co., of Atlanta,
000 water revenue
W. H. Newbold's Son
The
taxes, might be considered.
Certificates Sold
have purchased an
Co.,
McDonald & Co.,
seven years, it was assumed that
Ryan, Sutherland & Co.,
a bond .^ue anticipating those R. S. Dickson &
cates.
valid.
defaults in
&
Space & Co., Inc., both of Atlanta, has purchased an issue of
$300,000 water revenue certifi-
decided.
amendment to
constitution
.
dall
Bond houses
Court opinion stated:
"The constitution now
payment of any r obligations of
district and there is no con¬
district or
bonds.
-a
composed of Brooks, TinCo., and Johnson, Lane,
count
delaying purchases until
Written by Chief Justice R.
Bell
this
troversy
issues.
bond
were
the Decatur
an.
have been no
constitution had been awaited
new
These
bonds.
majority of the registered
a
C. F. Childs &
the new airport.
Because the city does not expect
I expressway to
Smyrna. Ga.
taken despite the fact
municipality did not
participate in the election.
Outcome of the case testing the
estimated population is
97 500
There is no bonded in¬
debtedness in this district.
The
Messed valuation of the property
Sn the district is $68,476,900
and the estimated true valuation
Sthe property-is $309,136,800.
ing said
There
was
voters in the
0tThe
bv
Water Certificates Sold—An ac-
by the voters last September. This
whole of
and Ojai, the
t^ntura
2059
the Commercial & financial chronicle
163; Number ,4481
Volume
Ackerman,
Jr.,
Territorial
Treasurer, that all of the issue of
4M>% semi-annual Territory of
were:
program
Surface
>
#
14 Co., Inc., c;j
Also among the items in the
D.
Lazard Freres &
streets,
Co.,
Illinois Co;, Chicago,
<
,
$39,700,000; bridges, viaducts, and Mercantile-Commerce Bank
Hawaii
public
improvement, grade
separations, ; $18,000,000;
& Trust Co., St. Louis,
thereof, in order to authorize a
Bonds Sold—It is stated by Mar¬
Series A bonds of 1926,
num.- street lighting, $8,000,000; waste Lee
Higginson Corp.,
proposed bond issue.
tha Loose, Secretary of the Board
bered 1 to 1,540, is called for pay- disposal equipment, garages, and
"The quoted provision does not
Kebbon, McCormick & Co.,
of Education, that she will receive
ment on May 1.
Dated May 1, shops, $2,500,000; slum clearance, A, G. Becker & Co.,
require a new statute for the pur¬
sealed bids until 8 p.m. on May 1,
1926. Denomination $1,000.
Due $5,000,000, and police and fire First National Bank,
pose of putting it into effect, since
for the purchase of $525,000 school
buildings, $3,200,000.
he existing statute, which pro¬ May 1, 1956.
Minneapolis,
bonds, approved by the voters at vides for bond issue elections un¬
On and after date called the
Mayor Kelly explained that the First National
Bank,
the election held on April 2.
.
of Hawaii will pay, city's housing needs were'not
der the former constitution, re¬ Territory
st« Paul, :
;
\
either at the Territorial Treas- public housing activities of the Wisconsin
mains of force and effect, subject
Co., Milwaukee,
Denver County,' Lakewood Sch.
urer's office in Hoholulu, Oahu, Chicago Housing Authority.
He Milwaukee Co., Milwaukee,
to the changes made by such new
Diet. (P. O. Laketvood), Colo.
provisions,
and T.- H., or at the Bankers Trust Co., further observed that necessary Farwell, Chapman & Co.,
Bonds-Sold—It is stated by F.M constitutional
New York City, the principal of improvements in the city water
Bacon, Whipple & Co.,
Miller, Superintendent of Schools, must be construed in harmony
said bonds upon presentation and system
will be financed from Martin, Burns & Corbett,
therewith."
that
\
■
$200,000 construction bonds
have been
sola.11;
Grand County,
approved
The Decatur election
1
the issuance pf $300,000 in school
Cranby Sch. Diet.
bonds, $120,000 in park bonds,
Granby), Colo.
in library bonds, and
Voted—An issue of con¬ $25,000
$155,000 in sewerage and drain¬
struction bonds amounting, to $40,
age bonds.
000 was favorably voted at the
There
were
3,431
registered
election held recently.
voters at the time of the election,
(F. O.
Bonds
but only
FLORIDA
Daytona
the
bonds
water revenues,
accom-
ILLINOIS
,
•
construction and Impfovei
ftent bonds amounting to $750,000
will probably be submitted to. the
Voters at the election ftrbe held bn
April 30.
These bonds failed to
carry
at the -election held on
*
.r.
.•/..
Voted—'The-^fbllowihg
bonds amounting to $700,000 Were,
favorably ;.;votea at
the
election
field
in
constitutional
.
*v
$40$ ,000** water.: storage reserVoft
an^^tenmfdn bonds. v ::
300,000- parking area, tbonds.J:
•
.
.
indicate what he
with the
provision,
which
harmony
^
'
|
from
nanced
present
existing laws of the State.
C«.
w
*
Ass£ciation>
revenue
onSan Francisco,
schoo
i i
Cobb
Courtly-CP^ Marietta),
Bonds
and
Water
Ga.
Certificates
jWd--Bro6k£^Tihdail $ ■Cd;*
anc
tne^TrusttCompahy?bf "Georgia
both
; •
jointly
National City
Bank, :
S "New
York,
Smith, Barney & Co.,
Kidder, Peabody 8c Co.,
R. W. Pressprich & Co.,
Salomon Bros. & Hutzler,
-v,,./"
'
■
.
•
J
Paine, Webber, Jackson 8c
Ciirtis,
F. S, Moseley &
•!
Co., V
{
Graham, Parsons 8c Co.,
Hornblower & Weeks,
.
Chas. E. Weigoid 8c Co., -and
Charles Clark 8t Co., "
Jointly
called:
for / completion
of
& C°-
JJW
New York,
the
Washington Street tunnel ln l948
and the Jackson Boulevard tun;
nel in 1950. Comprising part of
civic improvement program will the city subway program, they
be submitted to the voters in the are intended to relieve loop traffin
hv
rnutine street car lines
near future, it is said. Included
ire by routing street car lines
Trust Co.,
Bond
I
I
Edwardeville,. III. a - # }.'
Eleotien
An-.issue of
"
102 88
Bond
I L"?se national nana,
Election —A
$300,000
bond issue to finance a proposed
;
■
'J;'
.
'
#and
; Piper, Jai'fray & Hopwood,
.
yAlso seheduled for early con- I Wm E IVIacKinnonCo„
PoUock & & Co
revealed, are
SJS M
sue
{Hapewlle, Ga.
Atlanta* in joint account;"#
Bros. & Co.,
Mullaney, Ross & Co.,
Bid
striiction, the report
of $37,000 water-revenue cer4
bonds has
been£ purchased by tifcatesv has been purchased Jby will cost $9,600,000 and taketwo
BrookCv Tindal4> &vrG^
the Brooke, Tindali & Co., of Atlanta. [vears to complete. The schedule
Education
Atlanta,
Stern
bidders were as follows:
,
of
Michigan Corp.,
Sons,
Hemphill, Noyes & Co.,
Otis & Co.,
# ^ ,
Eldredge & Co.,
Trust Co. of Georgia, "
;
E. H. Rollins &
_
J°»ds Sold-^-An lssue bf $225;
Board
Chicago,
Co., City National Bank & Trust
Co., and the American National
Bank, all of Chicago, at a price
Prepared by the aty engineerNational Bank,
provision
*
portland
2. Requires only that a majority •ing board of review, the report
was submitted to the Council for I National Bank of
of those actually voting in an
City
Commerce, Seattle,
election for that purpose shall further committee study.
Aldermen said that the
have voted in favor of bonds.
super-1 EquUab"ie~ Securities Corp
i In other words, a simple ma¬ highway and sewer construction Haunt & Co
jority of those voting in an elec¬ programs bothregarded as necee- First National Bank,
jyiemphis
tion for that purpose is sufficient sary in the next few years, would ,
Hannahs, BaHin & Lee,
to carry a bond issue under the require bond issues.
*■
Co., Inc.,
First of
..
had in mind for
sources.
•
Vlayton County? (P. O.
2# Georgia£3?' C #.•
Blair &
First National Bank, Harris Trust
& Savings Bank, Northern Trust
87-201,
Bidder
Price
1933) corporate and revenue bond isprovided the machinery for the sues. He said a "veryBank of America National
amount" of the work could be fiTrust and Savings
v:
issuance ; of
bonds, but must be
abling acts (Code Sections
to 87-204, inclusive, Code
construed
MiamiBfach,Fla.
'
000
imw
Bond Sale—The \Vz% park
provement of 1946 bonds amount- Phelps, Fenn & Co.,
ing to $6,000,000 and offered for Stone & Webster Securities,
S£de on April 9—v. 163, p;1917—
Corp.,
were
awarded to
a -syndicate Braun, Bosworth &
=
composed of the Continental IlliCo., Inc.,
nojs National Bank & Trust Co." Central Republic Co.,
-
March 19.
Bonds
Legislature to pass an
tional enabling act in order
Corp.,
Pittsburgh,
of 103.267, a net interest cost of
addi¬ subway extensions.
Other than observing that new 1.1975%, Dated Jan. 1, 1946. Defor a
financing" might be needed for nomination $1,000,4 These bonds
municipality to issue bonds and
Other
therefore that the existing en¬ some items, Mayor Kelly did not are due on Jan. 1, 1966,
the
Bond Election. Planned^-An is
Chicago Park Dist., III.
u
Co.,
York,
Mellon Securities
J
.
•
New
services and facilities."
Chicago, III.
The following
sue of
Chemical Bank & Trust
and modernizing our municipal
(UAia
1,647 actually voted.
Comment on Bond
Issue Balloting—Brooke, Tindali &
Certificates Voted—
102.56
<
■
Mayor Submits Public Works
Co., of Atlanta, have provided us Program—Mayor Kelly submitted
bonds and certifi¬ with the following text of a let¬ recently to the City Council a
cates amounting to $3,865,000 were
ter received by them under date program which calls for expenfavorably voted at the election of April 4, from their counsel, ditujres aggregating4 $293,600,000
held on April 9:
for public works by the city over
Sumter Kelley:
This day the Supreme Court a seven-year period. Major items
$1,115,000 storm sewer genera
of Georgia handed down a de¬ in the program include $64,000,obligation bonds.
2,750,000 sewer and water rev¬ cision, the effect of which was 000 for the city s share of superenue certificates.
to hold that under the new Con¬ highway
costs; $60,000,000 for
sewers; $45,000,000 for the Dougstitution, adopted August, 1945:
Leon Co-unty Sch. Diet. No. I
las Airport, and $44,200,000 for
1. There was no necessity for
(P. O. Tallahassee), Fla. ^
Bonds and
J. M. Dain & Co., and
"Chicago is on the threshold of Field, Richards & Co.,
a period of expansion in manujointly
facturing, trade and commerce,"
upon presentation and surrender the Mayor declared.
"This ex- Halsey, Stuart & Co.,
First National Bank,
of any matured coupons. Interest pansion can and should be enNew York,
ceases on date called.
couraged and aided by improving
by all appurtenant coupons
maturing after said date,
and the interest accrued thereon,
Attorneys
Fla.
Beach,
of
surrender
panied
WW^xorK,
A-<;• A"yh « C°
r
New York,
2V4 %
,
>■
street
-
^flchs & Co.,
bonds
amounting to $25,000 will be sub¬
mitted to; the Voters at the elec¬
tion to be
Corp.,
lighting
Bond
held
on
May^ 26.
Hebron, 111.
Election —An
^
issue
of
improvement
bonds
amounting to $10,000 iwill be sub¬
mitted to the voters at the eleci
tion to be held on May 1.
y\ ir;
sewage
City National Bank &
of Atlanta, joined in purthe
proposed improvements are from the west, northwest and
Trust Co.,
chasing.an issue of $lyi00,000 road
$175,000 for a municipal building, southwest into the tunnels. Each
Kansas City,
and
$60,000
for a
recreation tunnel would have a turnaround
Jbd hospital bonds; The first
named
Bear, Stearns & Co.,
firm, acting alone, has building and gymnasium.
McLean County (P. O. Blooming*
just east of Michigan Boulevhrd Daniel F. Rice & Co.,
Purchased an issue -of $300,000
ton), III,
An outlay of $25,000,000 to ex-.
Locust Grove, Ga.
; water revenue certificates.
Bonds Defeated — An issue of;
tend the west side subway by WUn Collins & Co
Water Certificates Sold—Brooke,
road improvement bonds amount¬
mo, also is called for by the
Decatur, Ga.
& Co
Tindali & Co., and Wyatt, Neal &
ing to $1,800,000 was defeated at
State Supreme
and
Court
Ruling Waggoner, both of Atlanta, joint¬
the election held on April 9.
The
proposed $64,000,000 for Union Trust Co.,
JfUrms Bond Issue Validity—Up- ly, have purchased an issue of superhighways was listed as the
ldmg the State's new constituIndianapolis, jointly —.102.719 Naahvill* Township ' (P* O. : Nash*
$35,000 water revenue certificates. city's share of a program in which
re-1
r.fn> which changed the law with
terence
to
bond
elections,
the
nn°rsia Supreme Court affirmed
nnnupril ? the validity of a $600,mp,
issue for Public improve¬
rs in
the above city,
approved
Montezuma,
Ga.
the State
and county each are
to John Nuveen & Co.,
Certificates Sold—An is¬ pay one-third of the costs. While Glore, Forgan & Co.,
details were not given, it was as- Stranahan, Harris &
sue of $50,000 water revenue cer¬
sumed that one of the super-1
Co., Inc.,.
;
tificates has been sold to Brooke,
highways would be the northwest Hallgarten & Co.,
Tindali & Co., of Atlanta. .
Water
-
•./.■■>■/
itill*), 111.
Bonds Voted—-An issue of
road
improvement bonds amounting to
$60,000 was favorably voted at the
I election held recently.
THE COMMERCIAL &
2060
necessary
appropriations in fu¬
; c0,*,.
issue^ox stree ture yearStIrichidedin.the forest
will be cabins, trails, lakes and
Bondsimouhting tO^$i;220;00( 1 irepalr bonds amounting to $20,Q0£1
was favorably voted at the flec¬ other recreational features, which
rrwere. defeated at the election helc
may make history.
The amount
tion held,on April ,2,
on April 9.
i
•</'
X;XXX:,XX;:
V'
of the proposed bond issue for the
Norton, Kan.
Robin,on. III.
Jefferson County memorial park
Bonds Sold—An issue of water
Bond
Election—An
issue
of
is stated as $500,000.'
'
street
improvement
bonds softening plant bonds amounting
;
Paducah, Ky.
Amounting to $70,000/will be sub¬ to $65,000 has been sold as 134s
Bonds Offered to
Public—An
mitted to the voters at the" elec¬ and 1% si : These bonds were au¬
thorized at the election held on issue of $98,000 2% coupon mu¬
tion to be held on April 23.
nicipal hospital revenue refunding
April 2.
Rock ford Sanitary District, III.
bonds is being offered by Stein
i
I v
1
)
i
\
cLj
Osawatomie, Kan.
Bonds Voted—An issue of sani-
&
Bros.
Boyce,
Almstedt Bros.,
Bonds Voted—An issue of mu¬
and; disposal plant imand
the Bankers Bond Co.
of
tprovement, bonds amounting to nicipal building construction Louisville, for general subscrip¬
bonds amounting to $235,000 was
$1,500,000 pvas: favorably voted at
tion. Denom. $1,000. Dated April 1,
favorably voted • at the election 1946. Due serially from Oct. 1,
the election held on April 9.
held on April
1946 to 1957, incl. Prin. and int.
Salem, III.
Wichita, Kan.
(A-O) payable at the Citizens
Bond Ordinance Passed
The
City Council passed an ordinance
Maturity .S&' ^mmctiOii with Savings Bank, Paducah. Legality
repeiitly formUssue^Of^water and the sale of the ,$243,831.59 various to be approved by Stites & Stites
> ■)
seWer bonds amounting to $200,- internal improvement bonds to of Louisville,
K."/ .^X&
©00.
the Dunne-Israel Co. of Wichita,
LOUISIANA
as*. %s, " at a price Of : 100.135
i
:'0
ri.y
■X':
IJSalem Township Road Dist. Afo^Z
Alexandria, JLai
—vk 163, p. 1918—--it is how report¬
r
! (P.O.West Salem), III?; /
Bond* Electlort -^ City ^officials
ed bye; C.Ellis,.City Clerk, that
vnj Bonds;Voted-^An issue of Zroad
iave announced that, a. special
the bonds, mature- as. follows^" i
improvement bonds amounting to
$221,831.59 curb and gutter, series 'election will -be? held on, May 14
$25,000 was favorably,voted at the
•"
No. 512 bonds; due April 1: on a proposed $3,000,000 bond is¬
election held recently.
$22,831.59 in 1947; $23,000 in sue to cover the cost of five civic
Springfield, III.
:: 1948; and $22,000 in 1949 to improvement projects; including
Bdhd^D^eatedv%nAn<issue*of
a $1,500,000 drainage program.
1956.
city hall, civic center and fire sta¬
22,000 park, series No. 511 bonds, Caddo
Parisks(P^XShreityori),
tion construction bonds r amount*
due April 1: $3,000 in 1947 and
Louisiana
;
ing to $1,200,0p0( was defeated at
i
1948, and $2,000 in 1949 to
Bond
Election —An issue of
the election held on April 9.
1956.
%ry
W
5,1''
-f;:;
i-
sewer
,,,
te1
i)
l|S
- •
.
.
,
■
i
-
i;'
:o
r
I?
¥-v
!•>
■>
;
■
■
feasible663
traffic
'
♦
v
»
tion, but the offer from
'
Parish (P. O.
Pointe Coupee
Boston
La.
New Roads)
iZ
l^Ugh
thT$es~
came wa5'
Corporation
the committee
conducted a s„
on; .'an. .alternate
Additional Information—In con¬
nection with the sale of the
noma
t!!*'
Crane.
•
jg^
•
?»The committee
heard a
of proponents of
the
$50,000,000 f State: and
nanced arterial
highway
Boston to reUeve
highest bidder was Glas &
next
r
revenue
is
from toll
would make the
plan
Savings Bank,, of Plaquenune.
Dated May 1, 1946; Denomina¬
tion $1,000. These bonds are due
on Oct. 1, from 1947 to 1966.
The
,
>
that
Iberville Trust &
awarded to the
McPherson,Kan??* \
i-i Bonds potedr~An
hal
Bonds Defeated—-The city
:»W
n
i-
Peoria, III,
f/lj
Monday, April
CHROftlCLE
FINANCIAL
$400,- hearing,
JS
l?®1
sponsored by.William J.
McDnn"
aid, Boston real estate man
public improvement bonds to
Scharff & Jones; of New Orleans
~^V.v 163, p. 1622—it is how re*
porte4 that the National Bank of
Commerce; and Weil & Arnold,
both of New Orleans, were asso¬
ciated with the above named in
the purchase of the bonds, paying
a price of 100.006, a net interest
cost of about 1.22%, on the issue
000
; * After outlining his plan ww
include, a toll bridge m
Donald declareddhat
tons
u
would
^
make it possible to
finance
project entirely with
private
cap!
He
introduced Elmus M km
loch, Assistant Vice-President it
divffled; as ';follpwsi " $96,000 as
the First Boston
Corporation,
wh9
2%s, maturing from April 1,1948 read a letter he said
had hw!
1952; $233,000 as 134 s; due from approved by both the
Boston ms
Aprifl, 1953'td 1063,-and$7f,000 New York
^offices,
as Is; due oifeApril' l #ih4964Z# him to
say that the firm
to
authorizing
.
Second, best bid
1966.
of¬
was an
wmS,
be
willing to write bonds un td
fer irbm a group, headed by the $40,000,000. The only
Ernest M, Loeb C6; of 100.003 Kalloch
explained, lay in a study
for $205,000 as iy4s, $138,000 as Is, to determine t whether
reven....
contingend
and;$57J^OOvas4s.
under
would
Park Road District
Vermillion
No. 2 (P. O.
Abbeville), La.
workable.
J
■
Bond
Sale—The
trict- No.
sub-road
dis¬
McDonald
sufficient to
project
make it
-
■
■
-JH&r-l*<• ',»• Xy- f -r>•
V y' .'
?■?> ;•*■> <%'
^v.
.S'-i
Bristol
'•
:•.
County (P. O. Taunton)
bonds: hmounting^to
5
the
be
W-fyM.ass.
$110j)0(f Zand offered for sale on
Note Offering—Ernest W
Kil.
construction bonds amounting to ApriL 94i^[ 463;: p^ 4918—*werfe
roy, County Treasurer, will re.
Dated April 1, 1946. Principal
Winnetka Park District, III.
! 11,500,000 will • be submitted 'to awardedsto < thh^Equit^l^Securi
ceive bids until 9:30 a.m.
and interest
(A-O) payable at i;he voters at the election tov be Ities
(EST)
Corp., at a net interest cost oii
^ Bond Election ^ An issue of
April 2 for the purchase at dis¬
he Fiscal Agency, Topeka.
Net tield on
of 1.333%.
park improvement bonds amount¬
These bonds are due
May 28.
5 >
count of $160,000 tuberculosis hosincome basis of about 0.72%.
on May i, from 1948 to 1966.
ing to $200,000 will be submitted
La Fourche Parish Consolidated
pital ^maintenance notes. Dated
to the voters at the election to be
KENTUCKY
The $$6^000 sub-road district April 3, 1946 and due
Sch. Dist. No. I (P. O.
April 3,
field on April 2.
No. 3 bonds also offered for sale
1947, at the -National Shawmut
Thibodaux), La..
Covington$ Ky,
on
^
.
".50
^
:{Il»
fT
I
IN/
IOWA
i
•
Bond Issue
•;{
fe?;.!-)
\J ■'.'[*
•'f
held
>
'A
**}J
March 25.
of New
Orleans, at
of
cost
due
163,
9—v.
1918—
p.
awarded to Scharff & Jones,
were
1.37%.
net interest
a
These
bonds
are
May 1, from 1948 to 1966.
on
National Bank of Commerce, Nus-
*
f
'1
Iowa
•
City Indep, Sch. Dist.
,.
Plans
Bank of Boston. The notes will be
certified as to genuineness and
validity by the aforementioned
bank, under advice of Ropes,
Gray, Best, Coolidge & Rugg of
Boston.
MARYLAND
loch, Baudean & Smith, Newman,
Brown & Co.,
Maryland (State of)
Weil & Arnold,
Howard, Labouisse, Friedrichs &
Toll Bridge Bonds to Be Great¬
Co., Lamar & Kingston; all of New ly Reduced By^^ Juhe--^hh State
Fulton
County (P. O.
Hickman), Ky.
Refunding—Application
(P. O. Iowa City) Iowa
Iras been made to W. L. Knuckles,
Orleans, -;C. F. Childs. & C,o.» of Roads Commission by June 1,
Bonds Defeated—It is stated by
State Local Finance Officer, for, Chicago; John
6anei: Of New Qtk will have cut the $6,000,00(1 of toll
the
Superintendent of Schools
permission to refund $79,000 334%; leans; Felix M. Rives, of Shrevethat at the election held on March
bridge bonds to $3,650,000, ac¬
road and bridge refunding bonds
port, and M. A. Bgunderg7&:trCb., cording to, William A. Codd; chief
11, the voters defeated the pro¬ which become
optional on July 1, of Memphis, at a price of 100.011,
auditor of the' Conhnission., He is
posal to isuie $300,000 in construc¬ 1946. A
hearing on the county's a net interest cost of 1.1693%, as
tion bonds.
also statedjd; havo taken prelim*
;
application will be held at Mr. follows:
}■>
x
inary steps toward redeeming an
Knuckles' office in Frankfort at
Jena, Iowa? 1
.
For $298,000 maturing May 1, additional $350,000 of the bonds
Bond Sale-^The waiter vworks 10 a. m. on April 24.
$73,000 in 1948, $74,000 in 1949, before maturity,' Besides meeting
system bonds; amouhting to $58,*
Kentucky (State of)
$75,000 in 1950, $76,000 in 1951, the, regularly-scheduled
annual
000 and; offered for sale ,on April
Governor
Approves
Revenue as 2V2s, $982,000 maturing May 1, maturity on thpJxmds floated to
40—v. 163, p. 1918—were awarded
Bond
Issue
Bill
Representing $77,000 in 1952, $78,000 in 1953,t finance
erection of structures
4o Whiter Battier .feSanfordj ,pf
the culmination of a year and a; $79,000 in 1954, $80,000 in 195.5 over the,; Suspuehanna and Potor
jNew-f Orleans^ at Vh 1 nef ^interest
half s work on the part of spon¬ and 1956, $81,000 in 1957, $82,000 'mac rivehs; which; to date have
IS
-
on
April
school bonds
The
$1,550,000 and of¬
April l8^y»^63,
p. 1623—were awarded to a syndi¬
cate composed of Scharff & Jones,
sue of bonds
Cedar Rapids, Iowa
OCT.' x:
—
amounting to
fered for sale
amounting to $690,000 was approved recently by the
.n Bonds Voted^-An issue of me¬
Court
of
Appeals to acquire
morial
building and equipment
bonds amounting to $215,000 was rights-of-way and pay damages
due to floods.
favorably voted at the election
W
Sale
Bond
Approved —An is¬
,
Dartmouth, Mass.
Note
Offering
—
The
County
Treasurer will receive sealed bids
until 11:45
a. m. (EST) on April
purchase of water main
coupon notes amounting to $200,000. Dated May 1, 1946. Denom.
$1,000.
Due May 1, as follows:
$14,000 in 1947 to 1951, and $13,-
16 for the
t
000
in
1952
1961.
to
Bidder to
<
name
one
rate
of
interest
in a
!
ft
—
of
cost
1946.
1^88%;
Denom.
due
hre>
Dated: April 4,
$1,000. These bonds
from 1948 to
oh
run
to $650,p0Q, toll collections
a Jefferson
County Me-; in 1958, $83,000 in 195^ $84,000 ini
Park, the Kentucky Gen-r 1960, $85,000 in 1961, $86,000 in haye been so inuch higher than
was,, anticipated
that the State
;eral Assembly at the regular ses-; 1962, $87,000 in 1963, as iy8s, and
'sion of 1946 passed, and the Gov¬ $270,000 maturing May I, $89,000 has purchased $1,300,000 of the
sors
of
.
morial
,
.
1966. The next highest bid was a
net interest cost of
Malvern
l.352%".
•
No. 469.
it
is
approved
in
Bill
House
April 22.
works
projects, if and
appropriations are made for
such projects, and also Kentucky
terestkCps|^pf 4i40%i? ■, Other ,bid*!
ply for advances of Federal Works
ders
of
revenue
bonds
in
Sidney Consolidated Sch. Dist.,
lotva
v
■'
'
ThO
construction
FWA
public
were
as
."•!
follows:
funds for. planning of
Bidder
'
public works projects. Henry J. Halsey, Stuart &
Co.,
Stites, of SUte^&rStites^ attorney^ John Nuveen & Co.,
of Louisville; one of the original Hibernia National
Carleton
D.
Beh
Bank,
Co., of Des
New Orleans,
,Moines, as iy4s, at a price of 100.- groups spohsoringf the Jefferson
County forest project, to whom Barrow, Leary. &
jD076. Th& bonds- were; author¬
Co., v
w^are indebteii for a copjr^of H; First National
ized at the election held on
bonds
ambunting to $75,000 and
Offered for sale at public auction
On April 9, were awarded to the
Feb.
|
:'2|
^iy4946i^ThdMe3tt' hiihostbid^r
y
ThomaSvOra*
ham, President of The Bankers
Savings Bond
Combahy^^of iLhiiisvilie^ is
Bank. Sidney, for 134s, at a price
designated by both the Adjutant
of 100,007.
v;-d
General of Kentucky ; and -Ihe
Fiscal Court of Jefferson County,
Bond
Election—An
organize a syndicate which
issue
of to
tnuhicibal airport ?bohds amount*. will jointly underwrite twO prb*
Ing to $25,000 will be submitted posed bond issues. All investment
fo; the voters at the.primary elec¬ bankers in Kentucky, possibly in¬
cluding Cincinnati, Indianapolis,
tion to be held in June.
Cplumbus and; Nashville, -will be
Woodbine, towa
invited to join the syndicate; One
Bonds Voted^-An issue of town is the
was
41
Agency
Bv .469; advised that
hall
construction
ing to $23,000
was
at the election held
i*
»
armory
bonds
amount¬
favorably voted
.VS;?.
■
March 25.
on
-
yv
-•
••
include'
issue,
which will
reftondng" the existing
$300,000
1939 ' Kentucky armory
bond issue. Within the immediate
•.
tqtmOi all c.ivi.c; blubs, churches
KANSAS m;
Price Bid
Memphis,
Z
?
Co., and;;
;
Codd revealed.
-
their genuineness
chusetts.
Hblyoke, Mass.
.
Other Bids
—
group
composed 01
Jc- Weeks, Coffin &
Burr, and Stone 8c Webster Secur¬
anticipates that when,
on
Dec, 1;
to
a
Hornblower
ities Corp;, as Is, at a price «
101.449, a basis of about 0.846%.
bridge;' bonds.Zmatufd;! if mayZ bei
Second high bid of 101.359 for Is
possible
to
purchase
another was made
by Halsey, Stuart «
block1 of $320,p00 rof the bonds; !
Co.,4 and Additional bids, also for
Commenting oh the recommen- Is, were the following:
■
;
-__100.071
*
;
C. F. Childs &
Co.,
and
&
Co., jointly—- 101-w
Estabrook &
Co., and
^s:;;,:'fa*-xxx E.4U;,Day 8c C6;>
son
n
jointly-100^
First National Bank,
MASSACHUSETTS
/
•
Private r
Funds
Available
to
Traffic Artery Plan— An
official of the First Boston Cor¬
poration told the legislative com-
■
Back
.
I
mittee
Boston,
Kidder,• Peabody & Co.,
F. S. Moseley & Co.,
-
and:
iTx'Axx'
Lee Higginson
Corp.,
71
1UU<
jointly
Harriman. Ripley
on
and other-
Abilene? Kaft.i?i
„nQ
^
101•3U1,
—
Sherwood & Co.,
Lobdell
Boston, Mass.
Co.,,.
New York-
,Q
——101-35
Bankft Chicago;
Bankers Trust Co.,
.indicate/the rate of
tolls, subject to approval of the
commission."
^ •
.Cr/t
1
Paine; Webber, .Jackson &
Curtis, and.
'
en¬
Bid
■
Harris Trust, & Savings
v'j
two structures is the J. E.
Greiner
'
■
price
^^Bidder
8c
highways and; motor
organizations in Jeffer¬ $1,252,000, lVis -l--—100.039 vehicles at
'V.V
^ S'-XX
the State House Re¬
Co., Inc. -u-,———-County , under leadership - of
Plaquemines La.
cently that his corporation would Laidjaw.!&. Co-*.,- <, • ■
BfcftdsfVoted^Ah issue of "Street the County Council of the AmeriBond rSala^TheT gas system be
willing to finance bond issues Braun,:Bosworth & v°-»
repair homfe;amounting tofc $17,000! can Legion, will;commem;ceseaUr.-*
revenue ^' bonds ^ amounting;
to $40,9GO;OQtt. to! build: a
-to
was favorably voted at the elec- •
high
ing
resolutions > advocating.; the $250.000-and: offered for sale on
level traffic bridge and nrterv in W. E, Hutton & Co.,
tion held on April 2.
forest project, thereby cinching
Apnl 9-T-v. l63; p. 1623
were' Boston. If a study determined
jointly
»•
of
In our issue
.
ahaddRionaL;$175,Q06oflhetoli
Co.;;
Z Chicago, jointly,
;; For,$29gJ)00^teand
by
Depart¬
ment of Corporations and Taxa¬
tion, Commonwealth of Massa¬
to
as
the Director of Accounts,
bonds
current high rate of toll
collections continues, Mr. Codd
that/.•'"only/, the consulting
Blyth & Co.,
Lee Higginson Corp.,
First of Michigan Corp., •
Channer Securities
..
If the
gineer may
Harriman Ripley & Co.;
;
fied
1, page >1776, we reported
the award of $396,000 incinerator
M
Weil &
-
Prin-
considered.
Second National Bank of Boston.
as;well
rhajority - ,c4I thoseslated; foZ mature ia i960, - Mr, April
>
i
Co., jointly,.
For $222,000, 2s
$1,237,000, iy4s, and
$91,000, Is
be
These notes will be prepared un¬
der the supervision of and certi¬
purchased,
[
pjatiph^ pf f^vefnor ;o;ck>hdyfhaf
1 tolls, on ;.thh .State-owned stfuctoes be; cut,.,Mr. C^d, pointed
.
Kohlmeyer, Newburger &
'
terest will
cipal. and interest payable at the
.
Bank,
.
.
the Fremont County
,
■
Thus,
ture in 1961 have been
table Securities
Corp.,.Stranahan,
Harris & Co., Inc., White, Hattier
8c Sanford, and Stern Bros. & Co.,
jointly, for $375,000 2y2S, $818,000
iy8s, and $357,000 is, at a net in-
ance
bonds.
- all. of w.the
^toii, bridge
The bonds scheduled originally to ma¬
Denomination $1,000.
1946.
possible for Kentucky
and political subdivisions thereof
to participate through the issu¬
now
when
Bondl
1964;" $90,000 in X965» and, $91r
1966> as Is,; Dated May 1,
000 in
With this law approved
and its subdivisionis may now ap¬
$52,000 will be submitted to the
voters at the election to be held
ion
has
ernor
Independent School •
Disrtictf/otVa
'■■■
t Bond
Electlon-^-An Issue ■ of
Construction bonds amounting to
"
multiple of 34 of 1%, and no bid
of le,ss than par and accrued in¬
loo
63
Q
52
"
*■ *
—
.
X
j-f
x >i
i
;
r *> -a
yr
-
•"
-
:t-->
1
>
V 1v
•t >.•
'
v
1
* •''
f
?:»:
■hY\
-
r
i
i 5:./; <
'i
r
Y>.
;
-&V,
t'-1
i
5
.
•
,
fi.
L
'['lWil.i[-).jir>i'.ifuilt;-rili;i.
j.n
[
'
-I
'
>.
>
i'
0MII
V*
'**■
f'$ i«r^ ii'J k? ^M* W W~>i.:;: ^f
^
sk
ft 3
>**(
y>;
riM&i
i®gNwig|gia|
Volume
Hancock Mutual Life intur-
t.U.
'°
THE COMMERCIAL & FINANCIAL CHRONICLE
aZ
i.
Portfolio
noo jersey
honds
litCIS8*
/
V
'/ '*
I
Note Sale—The
V/.i
to the Bristol
discount
a
account headed
000.
Forgari, & Co., New: York;
104.30.; Dated. Oct. 1,
1911 and due Oct 1, 1961;
For
additional details, including list of
other bids, see under "Jersey City,
N. J.," on a subsequent page.
7,
price of
Lynn, Mass. • ■;$> -<<;
..
are
due
Other bidders
struction
of
Bidder
March 25.
Bidder—
Beltrami County, Northern Sch.
Dist. No. 48 (P. O.
$241,000 fand offered for
April 5 —v. 163,i p^l776
'■
v.
• /
awarded
tional
/
notes
Bate
March
Dated
notes
Marshfield, Mass.,
Awarded
Notes
—
extension
main
The
Other
bidders
,
were
12, 1946.
These
April 11, 1947.
highest bidder was the
due
on
Second National
notes
a
Bank, Boston, at
rate of 0.41%.
MICHIGAN
Detroit, Mich.
Bids
Rejected
25—v.
163,
for
equip¬
sale, on
1489—were
Next
bid
best
100.037 for
Prescott
p.
was
an
offer
of
iy2s, tendered by E.J.
&
Co.,'Minneapolis., J
Chisago County Consolidated Sch.
Dist. No. I (P. O.
Taylors Falls), Minn.
Bond Offering—R. C. Berg,
Clerk,
will
receive,
—
considered.
Principal and interest payable at
any bank or trust company in St.
Paul
1%
100.00
designated
District, has an¬ by the purchaser. The approving
nounced that all bids received for opinion of Dorsey, Colman, Bar¬
the
11 lots of the above City, ker, Scott & Barber, of Minneapo¬
amounting to $1,781,000 were re¬ lis, will be furnished. Enclose a
jected, due to a technicality. These certified check for $3,500, pay¬
VA%
VA%
101.51
bonds
101.15
on
Hornblower & Weeks__-_.
1>A%
101.01
Laidlaw
VA%
100.08
as
follows:
of
Bidder
Rate Price Bid
Tyler & Co
R, L. Day & Co
Rockland
Trust
&
Co
Higginson Corp
Co.
&
100.55
1%
Co.,
L
Rockland
Robert Hawkins
Lee
1%
100.08
Methuen, Mass,
,
,
Bank
to
of
0.448%.
the
First
and
1946*
Other bidders
lows*
/.
are
are
$
Bidder
:
J
J^Kate|
\
Boston
Bay Trust Co., Boston
1!
.
0.45%
___
-^0.46%
Bedford, Mass.
Note Sale—An issue
of tempo-
rar7 n£tes amounting to
and
offered for sale
of
on
$700,000
April 9
Boston,
?nSCS S.f
at
°,W%> :
detaD
April
Macomb
County (P. O. Mount,
Clemens), Mich.
c
°"Nov. 14, 1946. The only,
iGr was the National
,
Bank, Boston, at
of 057%
a rate
Debt
Suit
drain
i
t
bonds
Court at Detroit,
demanding that
the county general fund disburse
more than $400,000 in settlement
unpaid bond principal and in¬
A hearing ;on
holders' petition for an
terest.
/;/■/
of
Filed—Holders
defaulted
have filed suit in Federal District
of
Norfolk County
(P. O.
Mass.
the bond¬
immediate
Offering:—Ralph D. Pet- payment is scheduled for 10 a, m.
X ' c?unty Treasurer, will re-; on April 15. Various county, of¬
Anin1 Se?M bids «ntil 11a™. oh. ficials are named parties; in the
J® .tor the; purchase of suit which was instituted by
nntfo 0SIS ^Pttal maintenance Messrs. Dethmers, Jones & Wheat,
lSV
:V
v
a?ounting tO; $25p,000, at a of Detroit.
The suit
^Tnt,tPated AP^1 16, 1946. of Mound concerns defaulted bonds
Park Drain District and
000 % $50)0(10' $25,000 and $10,Branches Drain District,- Warren
1Q47 T5ese POtes are due^April 9,
Issued
"
nu.
under authority
of
paapifr llJ of Generat taws,
of
1Q4R
moni
•
Township,
on
structures
com¬
pleted during the 1928-30 drain
construction spree.. f,
^
"In case
the ahldtint available
the First National Bgnk
and will be ready for in
the drain fund shall be insuf¬
I on. dr about April 17,
said bank againSt 'pay- ficient to, pay the .principal or in¬
?
n
dPi.v
wfn Vm Boston funds. The notes
inoi
autBeriticated as to genuSss ,and validity by the First
advin
*
Banlc ef Boston, under
Cool~
%e &
1°R pesiGray' Best»
Rugg, of Boston.
,
terest of this, bond
total debt of the. county to
exceed
r
±or.*\
Mass.
tiri®*? Sold-^iyissuepliai jan?
$25o
«
are
nftft11
»
notes
was sold
amounting
on
2
of °-369%.
due
on
awarded
at
com¬
House Bill No. 277
issue
of
to
system bonds
voters
the
held
on
at the election to
be
April 22.
election held
on
taJity
after
This/Act shall iafee
April 1, 1946.
Sunflower
Coun'y (P. O. Indian^^K^Aota^Missii t;''.-
m
Bonds Purchased
-~-
An issue of
county bonds amounting to $60,ooo ¥wa$ ;purch|sed^ Irecei^iyf
Harrington & Co., of Jackson, as
bonds
These
$5,000
due
are
May 1, 1947 to 1958. Interest M-N.
Tupelo,YMiss.
City: Clerk, w ill receive sealed
bids until 10 a»m/ 6h April 30!for
advertised as provided herein, and the..purchase of> industrial plant
prescribing penalties
the VidV bonds
amdUniing
tb •; $200,600.
lation hereof*>
XV
*
Dated April 2, 1946.
Denomina¬
Section^Ti* Be ilena^ei
tion $1,000/ Due'$5,000 ih'T947
Legislature of the State of Missis¬ to 1951, $10;000 in 1952 to ;1954/
sippi, that all bonds issued pursu¬ $11,000 in 1955 to 1959/$12,000 lii
ant to any laws of this State and
1960 to 1962, $13,000 in 1963 arid
hereafter sold by the governing 1964, and $14,000 in 1965 and 1966.
authority of or on behalf of any These are the bonds authorised at
county, road district, school dis¬ the election held on March/4,
trict, drainage district, or other 1946, by a .vote of 774 to 14, f
and if no newspaper is published
in such county, then a newspaper
published in an adjoining county;
the first publication in each case
to be made at least ten (10) days
preceding the date fixed for the
reception of bids; and such notice
to give the time and place of sale.
The
governing authority may
and all bids, whether
any
stated in the notice of sale or
If
not.
the
bonds
be
not
sold
pursuant to such advertisement,
they may be sold by the governing
authority by private sale at any
time within sixty (69) days after
MISSOURI
-Afiton, Me* v
/ -V
Fire District Incorporation
Granted — A decree, of incorpor¬
ation as a Ihr dish:|et,we$S^riteg:
to the
tion of
no such private
sale shall be made at a prices less
such advertisement.
at
If not
so
of the
area
Court Judge Amandus
Brackmari
in Clayton.; Judge Brackman or¬
dered an election within 60 days
on
to issue $25,000
^purchase'^quipment^
proposal
a
bonds
build
to
.
,y.
/
-
•
...
operate
and
station
fire
a
the department.
..
Columbia, Mo.
'/
Voted — The following
Bonds
bonds amounting to
favorably voted
held on April 2:
$150,000
at
.
Sewage
$250,000 were
the election
v
/
.
line extension
and disposal plant bonds.
100,000 storm sewer line exten¬
sion bonds.
•
At the same time the memorial
bids, but
than the highest bid which shall
have been received pursuant to
unincorporated
above'^eity/'Vecehllyv/^
the date advertised for the recep¬
March 25.
'1
^Section 3.,
effect and be in force from' and
Is.
•
An Act
so
amounting
$300,000 will be submitted to
sewage
community
building- bonds
amounting to $400,000, failed to
carry.
^
sold
Jefferson
private sale, said bonds shall be.
Voted
Bonds
City, Mo.
The following
readvertised in the manner herein
td
"
f
Bonds
Voted
April 5, at a water main
These notes $36,000 was
Nov. 15. 1946.
'•>
Sault Ste* Marie', Mich.
the city
—
bonds
.
issue
Of
amounting to
An
favorably
voted
at
election held on April 2.
of such bonds shall be accom¬
panied by a cashier's check, certi¬
fied check, or exchange, payable
to the proper governing authority,
issued or certified by a bank lo¬
any
$700,000 will be submitted to the
voters at the election to be held
on
April 22.
Steele County
No.
1
Indep. Sch. Dist.
(P. O. Owatonna), Minn.
Bond Offering—Sealed bids
will
cated in this
State^im the amount
of not less than ;2%itpf the
par
offered for
be received until 7:30 p.m. on
sale, as a guaranty thai the bidder
April 18, by Mrs. Vera Hinder- will
carry out his contract and
man, .District Clerk, for the pur¬
purchase the bonds if the bid is
chase of $800,000 coupon building
accepted. If the successful bidder
boncis. Dated April 1, 1946. De¬
fails to purchase the bonds-puflsu-*
nomination $1,000.
Due Jan. 1,
ant to his bid and contract, the
as follows: $25,000 in 1948, $30,000
amount of such good faith check
in 1949 to 1952, $35,000 in 1953 to
shall be retained tby vthe govern?
1962, $40,000 in 1963 to 1969, and
ing authority and covered into the
$25,000 in 1970. Bidders to name
proper fund as liquidated damages
the rate of interest in a multiple
for such failure.
;;
of Vs or l/10th of 1%.
Bids will
This Act shall not apply to the
be preferred first, according to the
sale of bonds by the State Of Mis-,
lowest interest cost computed at
the rate or rates specified ih: the sis'sippi'through.1 the- State,-Bond
Coinniissioii;
v,}
V
bids, and second, according to the
Section 2. A failure to comply
highest amount of premium. Prin-.
cipal and interest payable at any with any provision of this Act
suitable bank or trust company shall!not invalidate such'bonds,
in Minneapolis or St. Paul, desig¬ but any member oi the governing
nated by the purchaser.
Regis- board, commission, or other gov¬
terable as to principal only. .The erning authority who shall wil¬
approving opinion of Dorsey, Col¬ fully violate any of the provisions
man, Barker, Scott & Barber, of of this Act. and shall wilfully fail
Minneapolis, .will .be furnished. to give the notices herein required
Enclose a certified check for $16,- Shall be liable personally and on
000, payable to the District Treas¬ his, offi^al bond for a penalty ip
each* case of Five Hundred Dollars
urer.
value
of the, bonds
$124,000 street bonds.
34,000 bridge bonds.
Missouri
Zumbrota Sch.
Dist/. No. 68, Minn.
Bonds Voted—An issue
struction
and
equipment
of con¬
bonds
($500.00), and, in addition thereto,
for all financial loss that may re¬
sult
to
the
county, municipality,
-
(State of)
-
Governor Receives Bill for State
Revenue Department Centraliza¬
tion
The State Legislature ap¬
—
proved recently and forwarded to
the Governor for signature a con¬
troversial bill creating a
in
central¬
State Revenue Department,
ized
conformity
with
the
Missouri constitution.
The
,
new
■, >•
v
sets up a depart¬
measure
collection /of, all
and fees. It
will be headed/hy
^direetor ahpoirited by the/ Gbverhoi^ "wiiji
ment
for
s
the
State taxes, licenses
divisional heads
,
whenidue, .the
County of Macopib will advance
and pay the same out of its gen¬
eral
funds,, provided such ad¬
vancement would not cause the
th$
Southbridge,
be
We give here¬
with the text of the new law, as
it passed the House:
h *
reject
to
after, and $100,008 maturing Jan.
1, $15,000 in 1959 to 1964, and
$10,000 in 1965, callable Jan. 1,
1951, as 3/4s, to call date, Is,
thereafter to Jan. 1, 1956, and 2s,
thereafter to maturity.
Dated Jan. 1, 1946. Denomina¬
tion $1,000. Interest J-J.
a
im lni
Shi
plant bonds amount¬
awarded
Election—An
Bond
light
$250,000 and offered for
March 18—v. 163, p. 1489
'
Denoms. $25,000,,
$50,000,
$ 0,000 and
$5,000. These notes are various
nth
able to the District Treasurer.
Columbia Heights, Minn.
$15,000 Jan.;l, 1954^.1956, as. ls,;
55- aw,ar^ed to the Merchants
Bank
on
must
political subdivision or instrumen-
.
National Shawmut
Bank,
National
sale
.
electric
Law-rln our issue of April 8, page
1919, we gave a report on the
adoption of House Bill No. 277 by
the
Legislature, requiring that
bonds sold by all local political
ipsion in -any court of competent
jurisdiction/lor thetiseandbene^
of the; county / or; other such
fit
bonds amounting td *$158,000 were
$30,000 maturing $10;000 Jan:" 1,! jted Wing .Special Sch. Dist., Minn.
prescribed.
/! 1957
favorably voted at* the '£■ electioh
'fte& 1958, callable7 Jan. 41;,|
^--^0.45# 1956, as Is, to call date, 2s, there-! i-,. Bond Election^An, issue of conEvery, bid for the purchase of held oh April 2:
/
struction
bonds
amounting
to
Second National
Bank,
Boston (Plus $l.(f0)
New
for
Braun, BosKoochiching County Sch. Dist
Worth & Co., Inc., at a price of
No. 7 (P. O. Holler), Minn.
100.032, a net interest cost of
Bonds Voted—An issue of con¬
0.857%, as follows: For $75,000
struction bonds amounting to $19,maturing $15,000 Jan. 1, 1949 to
1953, as %s, $45,000 maturing 000 was favorably voted at the
fol¬
as
power
sale
at a rate of
April
8,
1946.
due on Dec. 5,
notes
reoffered
Sale—The
—were
National
Boston,
Dated
These
be
April 18.
ing to
amounting to $175,000
offered for sale recently, was
and
will
Hillsdale, Mich.
Note Sale—An issue of tempo¬
Minneapolis,
or
School
Bond
j
rary notes
awarded
the
&*■
Dis¬
sealed
bids until 8 p.m. on April 22 for
the purchase of building bonds
amounting to $175,000, not ex¬
political subdivision or instrumen¬
ceeding 2% interest.
tality of this State shall be pub¬
Dated Feb. 1, iy46. Denomina¬ lished at least two times in a
tion $1,000. Due Feb. 1, as follows:
newspaper published in the coun¬
$6,000 in 1949, $7,000 in 1950 to ty in which the political subdi¬
1957, $8,000 in 1958 to 1964, $9,000 vision, instrumentality, or a part
in 1965 to 1968, $10,000 in. 1969, thereof is
situated, or county in
and $11,000 in 1970. No bids for which the bonds are to be sold;
trict
less than par will be
Augustus J.
Christie, Jr., Executive Secretary
of Employees Retirement System
,
1961.
/
April
are
The next
amounting to $45,000 and offered
for sale on April 10, were award¬
ed to Kidder, Peabody & Co., of
Boston, as Is, at a price of 101.221. Dated May 1, 1946.
These
notes are due $3,000 May 1, 1947
to
hospital
nomination $6,000.
0.45%
-i-i.
Water
These
follows:
as
6,000 hospital funding bonds. De¬
Merchants National Bank,
water
Na¬
tuberculosis
$5,000.
Security Trust Co., Lynn-0.447%
Boston
on1
were
Boston.
$8,000
offered
■
Competitive Bid Sale
requiring that all bonds
awarded
to
the
First National hereafter sold by or on behalf of
Bank of Bemidji, as Is at par, a
county, municipality, or other
according to the District Clerk. political subdivision or instrument
Due $2,000 in 1947 to 1950 incl.
tality of the State shall first be
maintenance bonds.
Denom¬
inations $25,000, $10,000 and
—0.44%
———
of
bonds
ment
—
described
Sale—The
Mississippi (State of)
Text of
units
Bemidji), Minn.
Bond
Merchants
the
Bank,
are
$235,000
First National Bank,
Boston
to
sale
1951 to 19$9*
petitive bidding.
.
Boston
-
Co., Bbstori-/-.-0.438%
Day Trust
'.
;
MINNESOTA
o.42 %
Merchants National
Bank,
Boston
——.0.423%
,,
|v/>;
'!!">-
;
and
as
Rate
First National Bank,
0.434%. Dated -April 12, 1940.
These notes ere due on Nov. 14,
1946. Other; bidders/were as fol¬
■;:
'
Nov.
on
were
temporary Kennedy-Peterson, Inc. —0.553%
notes amounting to $500,000 and
Worcester County (P. O.
offered for sale on April 11, were
Worcester), Mass.
awarded to the Second National
Note Sale—Notes
amounting to
Bank, of Boston, at a rate of
io ws:
■
equipment bonds
amounting to $25,000 was favor¬
ably voted at the election held on
Sale —The
Note
■
, •
follows:
'
■
These notes
'i
Bonds Voted—An issue of con¬
Dated
1946.
(A Of. Utica), Mtch•
;
April i;
Interest A-O.:
"r These bonds are due on
Fractional
■
April 11, 1946
by Denoms. $25,000, $10,000 and $5,-
Glore,
at a
at
0.42%.
rington & Co., of Jackson, as Is.
Shelby and Sterling Townships
County Trust Co.,
offered by the company on ^
awarded to an
'
temporary notes
amounting to $200,000 and offered
for sale on
April 9 were awarded
il' jj
Award—The ;$1,000,~
City, ^J.,4^% water
April
Mass.
iy
Co. (P. O. Boston).
: 2061
,
also^^mamed^y jfte
chief executive,
The
new
^
department also will
take/river Zth©i pur<?basirig
departmentjd wh^# iWilii/^^
charge of C Stath /printing/ noyr
handled by a;! printing! ,Vpmmi|^
sion. -!
Also
/
taken
Revenue
oyer
by the new
Department will be the
'custody and supervision bf . State
buildings, mow under: the perma¬
nent seat Of; Goverrimerit^^^^/.
(P. O.
|
Sedalia), Mo.
Pre-Election Sale-Jt is stated
that $800,000* school bondS' Were*
purchased / recently- by -G* ,5 H.
Sedalia Sch. Dist.
Walker- &
Co., of St. Louis, and
associates, subject7 to the outcome
of
an
election /scheduled
for
road district/school district, drain¬
May 7, paying a price of 100.22 for
age district, or other political sub¬
ably voted at the election held on division or instrumentality of the bonds maturing/ iri 1947 to 1950,
March 26.
State of county' resulting from as 4s, and bonds maturing,in/J95l:
to 1966, as Is.
•
such wilful failure to comply here¬
V,
MISSISSIPPI
Seneca, Mo.
with; and sucll penalty hnd dam^
Bonds Voted—rAt the election
Clarksdate, Miss.*
&ges may be "recovered by suit of
Bonds Purchased—An issue of the Attorney General, a district held on April 2, an issue of (fire
station bonds amounting to $7,500
city bonds amounting to $95,009 attorney/ or of any citizen of such
other political subdi- was favorably voted.
was purchased recently by Har¬ 'county or
amounting to $230,000 was favor¬
■'
-V .V;
/
fr
at
THE COMMERCIAL.
ft
s
Ik
If•#
purchaser will be required to
Defeated^An^issuev of pay^/theic>f^^and:-expenses/;mKJ tax.
■■
:h'"■■■
also the expense of printing the
bonds amounting to debentures
Mr. Van Dusen said that the
on
steel-engraved
$20,000 was defeated at the elec
borders.
In the event that prior best way to submit the question
tion. held on April 2.
to the delivery of the;debentures to the courts would be for the city
Bond Election
?-*
by> private to sue MUD to collect the tax.
holders from obligations of the Mayor Leeman had earlier said
same type and character shall- be such a suit would be filed.
Omaha's City Council has levied
taxable by the terms of any Fed¬
received
the Income
i
Billings, Mont.
I 111
■
An issue ot
eral income tax
law, the success¬
treatment plant bonds
mounting to $700,000 will be sub* ful bidder may, at his election,
mitted to the voters at the elec* berelieved ofhis^ bbUgatiohs tuw
der the. contract topurchase the
tioft to be held on May 6.
sewage
debentures and ih such case the
/
i
©
Chester, Mont.
II
system
age
r
^
se#l
and treatment plant
BondsVoted-^ii
ifti
issue of
amounting to $35,000 tyaS
the election
bonds
favorably voted at
held recently.
deposit accompanying his bid will
be returned.
Each bid must be
unconditional and must be ac-*
companieci by a certified check
$3,000, payable to the State
for
Treasurer.
Lake County Sch.
Diet. No. 23
(P. O. Poison), Mont.
It
a
m
Neb.
■
m
••#• St,
:C; '
i
f.fe*
1»
:
>'-'L
•rft
ll
4
•:iM
if
,'r.m
W'l
I;
i
offered will be entertained, The
debentures now offered are the
Bond
Election
swimming
pool
—
An issue of
purchase • bonds
will be sub¬
amounting to $5,000
mitted to the voters
at/the elec*
April 2.
SeWard School District,
••m
/:4
is?
■
I-
ib'K'*
issue of
the purposes of the negotiable instruments law as said law is now
hereafter be in force in
Copies of said Act and
information relative to the rev¬
enues applicable to the payment
or
.
may
the State.
of the debentures may be had up¬
on
i
on
April 2.
Neb.
Bonds
$ North
Platte, Neb.
Bonds Voted—An issue of Civic
the previous plan.
"The facts appear
some
application to the State Treas¬
The
urer.
Act under which the
debentures are
been
being issued has
the State Su¬
sustained by
Court. The debentures will
be issued subject to the approv¬
preme
ing
legal
opinion of Masslich &
Mitchell, of New York City, and
-'J'P
"P;' - '
V
be
Lyons & Shafto,
In lieu
-
of^ tax
.
assessments the
development companies would
pay
municipalities 12% of gross
municipal, school and
the;
rentals for-
county. services.
The bill pro¬
vides for control* over maximum
.
.
room
rentals, based on a minimum
of 4% on capital invested
return
and
maximum Of 6%.
a
Ten per
cent of
rentals may set aside for
reserve
against vacancies and oth¬
contingencies.
er
.
Where the net return exceeded
4% of investment, one-half of the
excess
to 6%
up
would
go to the
municipality.All over 6% would
go to the municipality.
Lease of
,
land
development companies
a period of not over
to
would be for
40
with
years,
a
renewal clause
not to exceed 20 years.
Large insurance companies were
behind the
Jersey
and
to
Harris, Hall & Co.,
jointly
-
billi| The earlier New
rehabilitation law, designed
encourage
investment of
the
private capital in the rehabilita¬
tion of blighted urban areas, was
not satisfactory to some of the
insurance companies because of a
_140.159
Stranahan, Harris & Co., Inc.,
Ira Haupt & Co.,
Campbell, Phelps & Co.,
question as to its constitutionality.
A companion bill provided the
Ryan, Sutherland & Co.,
Dolphin & Co., and
Schmidt, Poole & Co.,
method
which municipalities
by
could finance the property
_140.096
jointly
Union Securties Corp.,
sition.
,
York,
Fidelity Union Trust Co.,
Newark, and
Julius A. Rippel, Inc., V
.
acqui¬
.
Legislature Re¬
Veteransr Tax Exemption
Frogram—Taking the wholly jus¬
tifiable viewpoint that if 200,000
veterans of the State were to claim
Board Suggests
New
open
,
.
,
.
jointly J—139.869
-
an
redevelopment law enacted
in .1944/." '
jomtly__-140.186
Dick & Merle-Smith,
$500 " pro|)erty "tax exemptions, it
would remove $100,000,000 of val¬
uations from taxation, New Jer¬
i
sey's* State
Local 4* Government
139.689 Board, in its annual report, April
3, "suggested legislative re-exam¬
ination of the whole subject.
BraUn, Bosworth & Co., Inc.,
Co., and
Charles; Clark & Co.,
.
Laidlaw &
jointly-
^
—
New York,
that
86% of the old bonds have
Blair &
been
Mr.
Van Dusen said that such for ^^unexchanged bonds as at
broad questions of policy should the beginning of the year 1956.
be
determined
by
the
courts The fiscal agent indicated that ex*
rather than the MUD board.
Ad¬ changes would be consummated
vising the board - not to pay the from. time to time during the
tax, he.said that if it paid and the present year and it was generally
tax were
subsequently declared agreed ndformal action would be
illegal, board members might be in order at this time inasmuch as
|
f supplements
measure
urban
Blyth & Co.,
Eldredge & Co.,
Goldman, Sachs & Co.,
F. S. MoSeley & Co., and
on other pub¬
determine the procedure. Therelicly-owned utilities in the State, was discussion as to -the ap¬
he added, millions of dollars are
propriations required to service
involved."
the unexchanged bonds and it was
While conceding that the city's indicated that adequate provision
revenue
need is great and that must be made to the extent thatthe MUD board could pay the tax, there would be funds available
bum-*-:
house construction
The
Co.,
National City Bank,
to
for apartment
Bid
Price
Bidder
Governo^
Legislature a bill
authorizing: New Jersey munici
palities to buy land and lease it to
private .development companies
J.
Bond
Sale—The 4%%' water
bonds amounting to $1,000,000 and
offered for sale, on April 9 by the
John Hancock Mutual Life» In¬
surance Co.—v. 163,,p. 1776—were
awarded to Glore, Forgan & Co.,
of New
York, Mercantile-Com¬
merce Bank & Trust Co., of
St.
Louis, National State Bank, of
Newark, Stroud & Co., of Phil¬
adelphia, and Donald MacKinnon
& Co., of New York, jointly, at a
price of 140.30. Dated Oct. 1, 1911.
These bonds are due Oct. 1, 1961.
B. J. Van Ingen &
—
from the State
\
follows:
he
Edge has received for his approval
Jersey City, N.
Other bidders were as
Measure
velopment
■
facts and the effect
'
for l%s.
Bank, Toms River,
exchanged and while the re*
Center bonds amounting to $12,000
funding agents hope to complete
$12,000,000 debentures authorized was
favorably voted at the elec¬ the exchange 100% there is no
by the State Highway Treasury
tion held on April 2.
guarantee that this can be done
Anticipation Debenture Act of 1945
before the end of. 1946, and there
(Chapter 39 of the 1945 Daws),
Omaha, Neb.
may be some few of the old bonds
which was approved at a special
Suit Entered for Tax on Utility
outstanding for some years. The
State-wide election held on June District—It was stated
recently by
5, 1945, and are being issued for Dana Van Dusen, general counsel Borough officials thus sought in¬
formation from the Municipal Fir
the purpose of providing funds,
of the Metropolitan Utilities Dis¬
nance Commission as to the extent
with other funds available for
trict, that a forthcoming court
to which they might seek relief
Such purpose, for the redemption test of the above
city's proposed
from certain restrictions relative
of all of the outstanding State
tax on the District, will make Im¬
Highway Treasury Anticipation portant new law of great signifi¬ to use of surplus, etc., in future
debentures dated March 15, 1939,
budgets. It was pointed out that
cance to the entire State.
the question did not apply to 1946
and July 1, 1939, and of providing
Pointing out that thisIs the first as the budget already adopted
funds for highway purposes, as set
time in the Nebraska history that
was in strict accord with the ori¬
forth in said Act. The debentures
a city has attempted to tax a pub¬
Issued under said Act are payable
ginal plan.
'
'
'
licly-owned institution, Mr. Van
"The Municipal Finance Com¬
solely from the proceeds of the
Dusen said that the precedent set
mission Considered the problem
five-cent gasoline tax authorized
in the case will determine the law
arid indicated it would make &
by said Act, reference to which
with regard to taxation of pub*
definite determination when the
Act is hereby made for the provi¬
licly-owned utilities in the State, the 1947
budget came before it for
sions ivith referehce46 the coliec*
including the great Nebraska pub¬ consideration.
The
Commission
tion and the application of the
lic power system.
Mr. Van Dusen
pointed but that the question was
proceeds of said five-cent gasoline said
he expects others to enter the
not one that could be ruled on at
tax, the provisions for the pay¬
suit at least when it reaches the
this time, but would be considered
ment and for the redemption of
Nebraska Supreme Court.
In due and regular course in re¬
the debentures, and the form of
Although the Omaha tax this viewing the budget of 1947.
the debentures and the interest
"There was discussion as to the
coupons to be thereto attached year would amount to only about
$160,000, it would be a continuing exact procedure to be followed
Said Act provides that the deben¬
tax and might be increased, he and the Chairman1 indicated that
tures shall be fully negotiable
within the meaning ofand for all pointed-out*Considering these the l947 budget would .properly
first installment of a total
■'i,
tion held
April 9—v.
on
15, 1947 to 1961. The next high¬
the First National
contained the following:
for less than all of the debentures
sale
for
thl
Governor Receives Urban
Rede
est bidder was
highest price, riot less than amounting to $75,000 was defeated
"Mayor Qreenan, Commissioner
par and accrued interest, at'the at the election held on April 25.
Peterson, Borough Solicitor Bell,
lowest interest rate bid upon,1 not
Minden, Neb.
Auditor Bowman and Mr. Leon¬
exceeding 4% per annum, in a
Bonds Voted—An issue of air¬ ard Hanauer appeared before the
multiple of )A or one-tenth of
Commission to discuss the refund¬
1%. All debentures will bear the port bonds amounting to $12,000
was favorably voted at the elec¬
ing plan of 1945 and its effect on
same rate of interest and no bid
at the
—
163, p.
Boland,
••
•
Sale
offered
,
M
Association of New Jersey in
revision of the law.
The
sanitation
bonds amounting to $30,000 and
Voted—All issue of con¬
Maturity—It is stated by the
to
Bond
Election—An
issue
of struction bonds amounting
District Clerk that the $65,000
aviation field acquirement bonds $168,000 was favorably voted at
building bonds sold to J. M. Dain
amounting to $12,000. not exceed¬ the election held on April 2.
& Co/ of Minneapolis, as 1.20s, at
ing 2% interest will be submitted
Sutton, Neb.
a
price of 100.538, are due on to the voters at the election to be
Bonds Voted — The following
June 1 as follows: $2,300 in 1947
held on April 23.
bonds amounting to $19,000 were
and $3,300 in 1948 to 1966. All
bonds maturing from June 1, 1957, Custer County Sch, Dist. No. 180 favorably voted at the election
held on April 2:
(P. O. Callaway), Neb.
through June 1, 1966, to be re¬
deemable in full on June 1, 1956.
Bond
Election—An
issue
of $10,000 memorial field bonds.
9,000 water system improvement
gymnasium-auditorium and visual
Montana (P. O. Helenajt Mont.
bonds.
educational building bonds
Treasury Debentures^ Offeredr* amounting to $35,000, not exceed¬
Tecumseh, Neb.
George P. Porter, State Treasurer, ing 3% interest, will be submit¬
Bonds Defeated — An issue of
will receive sealed bids until May ted to the voters at the election to
20 for the purchase of State High¬ be held on April 2. Dated July 1, airport site bonds amounting to
way Treasury anticipation deben¬
1946. These bonds are due in not $12,000 was defeated at the elec¬
tion held on April 2.
tures amounting, to $1,500,000, not more than 30 years.
exceeding 4%
interest/ Dated
Washoe County Sch. Dist. No. 10
Fairbury, Neb.
Juiie 15;< 1946; Due June 15, 1956,
(P. O. Reno), Neb.
Bonds VotcdAAn Issue of fire
subject to redemption at the op¬
Bond
Offering — Sealed
bids
tion of the State Treasurer, at par station bonds amounting to $27,will be received until 2 p.m. on
500 was favorably voted at the
plus accrued interest either in
May 3 for the purchase of build¬
whole or in part on June 15, 1951, election held oh April 2.
ing bonds amounting to $1,500,000.
or on any interest payment date
These bonds were authorized at
Fairbury Sch. Dist., Neb.
thereafter. Principal and interest
Bonds Voted—An issue of con¬ the elction held on March 2, 1946.
payable at the State Treasurer's
struction
bonds
amounting
to
office or at the fiscal agency of
NEW JERSEY
the State in New York City. The $285,000 was favorably voted at
Avalon, N. J.
the election held on April 2.
debentures will be issued in coU*
Refunding
Discussed — The
pon form, subject to registration
Hastings, Neb.
as to principal alone.
*
Bonds Defeated—An
issue of minutes of the April 1 meeting of
State- Funding
Commission
The debentures will be awarded municipal swimming pool bonds the
Cr eight on,
Merle-Smith, NeVr-York, who col
laborated -with _the
Investment
Commitee of the
Savihgs Bank?
Toms
Township (P. O.
River), N. J.
Bond
Scribner, Neb.
tion, to be held on
NEBRASKA
•
ments."
Dover
ig46
Theidea°nwhichthetiew law
ir based was developed by
Geore»
M. Gnnnell of the firm of
Dick I
the 1947 budget would be the first
year in which there would be any
change in debt service require¬
1919—were awarded to
a tax of 4V2% on the gross reve¬
Saffin & Co., of New
nue of MUD water and gas de¬
York, as Is, at a price of 100.06,
Dated
partments^ The first quarterly a basis of about 0.978%.
payment, which the MUD* board April 15, 1946.
Denom. $1,000.
voted not to pay, was due April 1. These bonds are due $6,000 April
■
j«j &
#
liable on their bonds. The board
yoted unanimously not to pay the
Bonds
MONTANA
Monday, April is,
FINANCIAL CHRONICLE
electric light
®|
§
if
i'fl
the
Seymour, Mo.
'
&
Co., Inc., and
•
' " '
MacBride, Miller & Co.,
jointly
_/_i>_._139.65
Lobdell &
j
.
'
.
riA,jpintlylL-^--^^*-/u-i-r140.00 '
j
Braum, .Bosworth & Co., Inc.,
First National Bank,
;
: '
Portland,,
;
-
?
*
New Jersey (State
Amends
Law—On
of
Railroad
'
••'
of)
Investment
The boai-d said
questions have
concerning ex¬
emptions for veterans who are
delinquent in taxes or where the
property has changed ownership.
As for reduced revenues, the board
April 5 Governor Edge
pointed to_ the subsidies in other
- act,,
States, but did not recommend
the
New- Jersey signed an
had been passed by
which
districts through
exemptions/' the board
said,: expressing belief that the
statutes
"heed'
redrafting and
veterans'
continually arisen
--139.689
»
municipali¬
lost to the taxing
:
jointly
;
fiscal.condi¬
explored'.
"Applying On: average tax rate
of $4 on $100. wilt find that
$4,000,009 of tax- revenues will be
clarification.".'
Laidlaw & Co., and
Charles Clark & Co.,
f
(and): the
ties must be
-
'•
..»
tion of the individual
•
Phelps, Fenn & Co.,
Tripp & Co., and
Roosevelt & Cross,
one," the board said, "ques¬
to the exemptions
effect on-individual tax
but the
jointly --l—.>.-139.356
r
"No
tions the right
rates,,
Co., and
Co.,
R. D, White &
^>
-
•
legislature)ending
I$w qpn*'
'
them." //
/'
.
.
Walter R. Darby, the
Board reported that the gross cap¬
bonds by savings banks, of that.
ital debt bf 0 NeW Jersey munic¬
State. The law as amended is a
and counties declin
radical departure from previous ipalities
from a 1931 peak of $1,970,000,00
laws and is probably the most ad-*
to $712,000,000 at the beginning or
vanced law covering the invest¬
trolling the investment in railroad*
'
Headed by
.
ment
of funds
in railroad
bonds
by thrift institutions in the United
States.
,
-
1945 and that the
net
debt
was
present
ave^f
approximately
of the assessed
valuations of i
property. '-/■;/
>;; \
.. fln
is to
The report said that more; th
permit the mutual savings banks 160
municipalities in the State ar
of New Jersey to purchase bonds,
over the statutory;
^®bt iw
of only the stronger railroads, and
ahd could -only incur indebtedn
to permit them to purchase such;
within certain fixed limits, ba
bonds not only in periods of pros¬
aggregate indebtedness for 1
perity when prices are high, but
Jersey counties and
4hP
also in periods of depression when
should not exceed $285,000,000,
prices^ are
board
estimate, 'concluding
act railroad bonds may be purpost-war construction r e y
ehased ohly if the coverage /for
$159,000,000 'should: therefore re
fixed charges -for the three pre-,
ceive special study.,
ceding years shall haye been belk
lev than the average- coverage for
■\tU>'--:prahge,;N^Jh^
n_
Bond Offering —Ovid C. ^
the period of all Class I railroads
r
in the United StateS/;
^
chi) Director of/ the
The object of the new law
Departme11
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4481
163,
Volume
and Finance, will re-,
p.m. on
16 for the purchase of fire
Revenue
f
SiVe sealed bids until 8
Aoril
registered
amounting to $21,000, not
or
coupon
onbaratus
8hS
Lceedtogfe%vinterest.
.
4946. Denomina¬
Dated May
^ Interest cost 1.87%
$1,000. Due May 1, as fol¬
lows* $4,000 in 1947 to 1950,* and
SoOO in 1951, Principal and in¬
vest payable at the Orange; First
Sal "Bank, Orange. -Rate of
interest to be In a multiple of %
;;
~
LOughridge, Denver
_-_
exceed $22,000;
The
law to levy on
all property tax¬
to pay
the bonds-and the; interest there¬
limitation
on
without
or
amount.
The
as
to
rate
enactment,
at
time prior to the delivery
of the bonds, of Federal legisla¬
tion which in terms, by the repeal
or
omission
of
exemptions or
any
otherwise,
subjects to a Federal
interest on bonds
income tax the
of
class or
a
char&cte^
eludes; these bonds, will, at the
election of the purchaser^* relieve
the purchaser from his obliga¬
tions under the terthO
0| thq con¬
tract of sale and entitle the pur¬
April
18, by E. J. McLaughlin, Jr., Town
Clerk, for the purchase of $11,000
coupon
or
registered garage
bonds. Interest rate
is not to
ex¬
March 1 as follows: $2,000
in 1947 to 1950, and $3,000 in 1951.
on
Rate of interest to be in
multiples
of y4 or one-tenth of 1%.
If two
bidders offer to purchase
said bonds at the same lowest rate
or more
interest then such
award
will
be made to the bidder
the
are
Town
Finance
the
and
Local
or
acquisition of a
parcel of land situated
the
the
struction
Town
Town' garage.
thority
for
acquire
the
and
the
site
said
on
con¬
of
the
au¬
powers
to
land
Town
to the delivery of the bonds the
income received by private hold¬
;v;
of
1946v
bopds
offered for sale
April 8—v. 163, p. 1777—were
on
awarded
Co.
of
to
the
Riverside
Riverside,:; as1 %s,
a
1.685%.
on
basis
of
Trust
at
from bonds of the same type
and character shall be taxable by
the terms of any Federal income
tax
may,
law, the successful bidder
at his election, be relieved
of his obligations under
the
con¬
the indebtedness is to be contract¬
ed
is
15
years.
The approving
opinion of Hawkins, Delafield &
Wood, of New York City, will be
furnished to the purchaser with¬
out- cost. Enclose a certified check
for 2% of the amount of bonds
bid for,
payable to the Town.
-
Buffalo, N. Y.
Borrowing
Margin
to
April 1 over the signature of City
Comptroller George W. Wanamaker:
Margin—On
;
July 1, 1946 the City's borrowing
Bonds Voted—An issue of water
margin will increase from $35,"water system
improvement bonds 544,470.85 to $43,060,381.81.
The
amounting to $500,000 was favor¬ Mayor's Budget provides for pay¬
ably; voted at the election held on/ ing off non-exempt debt of $7,April 12.
k^
693,024.60.
From
this
figure
(which would otherwise be the
S™!*/* O. SantaSanta Fe $ch, net Increase in our borrowing
County,
Oist. (P.
Fe), N. Mex.
Bon&£lection Planned^Ah is-. margin) we deduct $6,672.58 for
reduetioh in sinking
^5? cjmstruction- bonds amouht- $170,441.06 representing loss due
Expanding
'Raton, N. Mex.
j
nei«
0 $4?®>000 will be submitted
e
at the election to be
sometime in May.
City, N. Mex.
J^^Ms^The^ $S5;oofe water
ES!
were awarded on
.
to_the Soden-Zahner Co.
_« Kansas cityi as l%s and ,l%s,
inierest cost bf : Obout
fni
* P- 1624. Unsuccesslowsare °ffidklly list?d fo1"
nf
tr
Lucas-Farrell
Debt
valuations. This leaves
net increase in borrowing mar¬
gin of $7,515,910.96.
Expenses of Registration Agents
Comptroller has ruled
that .Section 70.00 (c) of the Local
—The State
Finance Law makes it mandatory
for
a
Comptroller (or other."Reg¬
collect the
istration. Agent"), to
"actual
for
the
and
necessary/ ' expenses
mailing, shipping or the
of
obligations"
as
to
Co.,
Kansas City, Mo.___;„_i00.63 which services have been rendered
at the - request of the holder. In
All bonds
bearing 1% %
the future, therefore, * we shall
Interest cost 1.72%
have
K. A.
Ellis Co.,
Rhoenix, Ariz.
w
ds^ue
cost
result
net
ber
of
Tuberculosis
our
Write
bill
marked
the
"free"
are
that
for
old
dollars
in
Service.
about
Local
Law
but
of
no
near
In¬
in
Mayor's
$54,000
inside
of
requests
choice but to return Buf¬
amount for which the
sold is the amount of the tax, plus
1%
Rensselaer:
Geo.
B.
•
taxes
town
county,
in
above
the
and
the tax at the tax sale
.
County Treasurer:
In view of the
the
15,
these towns
same
penalties
as are
Collection—In the Towns of the
Tax Foreclosure
When
Second
In the
in¬
10
each
on
or
year.
March
or about Feb. 15 of
Up to and including
15, a fee of 1%
collected, unless
this
must be
1%
fee is
waived by resolution of
the Town
Board. From March 16 to May, 1,
a fee of 5% is added;; and begin¬
Cdunty of Efie—How Divided
pounty of Erie, is divided
lhto;toree cities, six towns of the
first class, and 19 towns of the ning
V'. The
In Rem Tax Foreclosures
Under the Erie County tax law,
the County of Erie is also vested
With the power to foreclose tax
liens under the In Rem provision
of this'act.
on
May 1, in addition to the
for
a
period of at least five years,
foreclosed by filing a list
delinquent properties in
may be
of such
the
county clerk's office, county
office, etc., publishing
treasurer's
a
notice that such
roli, that If the taxes are
paid by the return date, the
owner
will be forever foreclosed
of all interest in the said
Nov. 1.
County taxes become a lien on
Erie County on
penalties and interest col¬
lected Jby the County Treasurer
on all taxes are deposited by the
County taxes on properties lo¬
cated in: the cities of Buffalo, Ton- County Treasurer in the general
funds of the county; The fees col¬
awanda; and Lackawanna, and the
lected by the city treasurers of
six- towns of the first class,, are
Lackawanna and Tonawanda, the
payable on Jan. 15. County taxes
County Taxes—When Payable
the
towns
receivers of taxes in the towns of
of the second class
are
the* First Class, and the town tax
collectors in the towns of the Sec¬
town
ond Class, are all turned in to the
treasuries
of. these
cities
and
payable on or about Feb. 15 of
each yearj the law requiring the
tax collector to begin his
collection 10 days: after / receiving
his tax roll,
"
'
'
'
;
;
towns.
The 1% interest added on
property.
Assessments
Penalties, Interest, Fees
The
<
list of delin¬
the tax
not
is added each
total of 12% on
a
quent properties has been filed;
and mailing a notice to the owner
of the property as it appears on
month, making a
County Taxes—When a Lien
in
f
sued on any tax sale is outstanding
unredeemed, and Unpaid for not
5% fee, 1% interest
"v
<
.
Class
days after the receipt of the tax
roll,
pertaining thereto, the Treasurer
this method of giving this
information in pamphlet form.
property in
;
tax sale certificate is*
19 towns of tthe Second
lection of the current county taxes
takes
Jan. L of each year,
a
(Chapter 812, Laws
1942, Amended/ by Chapter 562;
Laws 194$.) Real property, upon
Class, the law requires the Town which the county owns a tax sale
Tax Collectors to begin the col¬
certificate or certificates unpaid
has
quiries received from time to time
regarding the collection of County
taxes in Erie County and the law
the
under
and
charged by the
County Treasurer on property lo¬
cated in the City of Buffalo.
of
school
numerous
can
tho law institute# tax foreclosure
at the expiration of the two-year
redemption period. ,
y
'
interest are added to the taxes in
Tax
county
from the date of sale by
paying to the County Treasures
the'amount of sale for which the
years
less than two/ years, the holder,
including the County of Erie, may
bring an; action to foreclose thq
law allowed to collect same until
property, (This tax foreclosure is
Feb. 15 without penalties. After
similar to a mortgage
foreclosure.!
Feb.
Frank A. Slade,
been furnished by
Redemption
property was <sold;i% %: Jntey^
Buffalo, who cbllects "est per mqnthw The purchaser vol
esting report on the collection
State,
property is
12%
collection of current county taxes
on Jan. 15 each year, and are ;by
(P. O. Buffalo), N. Y.
on
month,
namely, Amherst, Cheektowaga,
Hamburg, Lancaster, Tonawanda,
and West. Seneca, the receivers of
taxes and assessments begin the
100.16
collated
of Lackawanna to collect 1%\
First Class
100.00
1.20%
accumulated
In the Towns of the First Class
&
.
The sale is
Nov. 28.
The
year.
on
Property sold for taxes may be
redeemed any time within two
Collection—In the Towns of the
100.11
1%
i"r&-
Gibbons
Inc.
Co.,
each
held
penalties,
plus the cost of advertising.
the taxes after that date.
100.13
1%
Buffalo
the
30
Feb. 16, March 1,
on
Treasurer in
Rate Price Bid
Inc.-.Rensselaer Trust' Co.,
County, Buffalo, N. Y.
returns the tax roll to the County
April
Other bidders were
Trast Co..
of Erie
usually
beginning May 1,
About July 1, the City Treasurer
These
April 15, from
& Co.;
urer
16, April 1, and April 16,
a total of 5%.
On May
1, in addition to the 5% penalty,
the law requires the City Treas¬
follows:
Marine
f.ounty back taxes, or in
other words, taxes prior to the
current year, are in the possession
and are collected by the County
Treasurer.
Requests
for "bills
making
1946. Denomination $1,000.
Blair
Back Taxes
All
March
0.80s, at a price of 100.04, a basis
of about 0.786%. Dated April 15,
•
Assess¬
Nov.
1% is added
the
163, p. 1920—were awarded
Tilney & Co., of New York, as
Bidder
1%
each
He is allowed to
these taxes without pen¬
alties until Feb. 15. A penalty of
9—v.
as
and
15 of each year.
Sale—The fire apparatus
on
Taxes
accept
of 1946 bonds amounting to $16,-
due
of
lector of the current county taxes
each
1951.
Receivers
and begins the collection on Jan.
urer
are
treashtoto cS the cities of
Tax Sale
(P. O. Rensselaer), N. Y.
1947 to
the tax col¬
The
Tonawanda and Lackawanna,; the
All taxes remaining unpaid must
be sold by the Treasurer prior to
East Greenbush Fire District No. 1
bonds
your property.
For
properties located in'
the towns of the Second; Classy
write to the Town Tax Collector
about Feb. 15, of each year.
on
The City Treasurer of the City
of Lackawanna acts as the tax col¬
orious the various purposes.
to
giving full de¬
scription of
Lackawanna
made
000 and offered for sale on
Jan. 15 each year,
should be addressed to the Treas¬
Mayor's appropriations cannot be
granted, no matter how merit¬
Bond
as
of the City
Collection—In the City of
future.
increase
to
of > Tonawanda
and
Lackawanna, and the Receivers of
Taxes
and
Assessments, about
.
alty.
that
being
now
Council
the
tax
month, beginning
May 1, in addition to the 5% pen¬
Limitation. It is evident that the
to
furnishes
Buffalo, who collects the taxes
The law requires
interest
is
the
the
as
the County Treasurer to add
about
2% Tax
Budget
Treasurer
tax
your
15,
after that date.
Tax Limitation and Our Budget
—The
County Treasurer, the City
ments, and the Town Tax Collec¬
tors, return their tax rolls to the
15 of each year. He is allowed to County Treasurer between May 1
accept these taxes without penal¬ and Sept.,1 of each year (the law
ties until Feb. 15. A penalty of requires that these tax rolls be
1 % is added on Feb. 16, March I; returned not later than Sept. 15).
March 16*; April ,i, and April 16, After the roils are returned, the
making a total of 5%, About May taxes are collected by the County
Treasurer in Buffalo, N. Y.
■"'&
1, the City Treasurer returns the
tax roll to the County Treasurer
Tax
or
to the
Treasurers
lector of the current county taxes
and begins the collection on Jan.
from
assume
we
will be done in the
Jan.
of Tonawanda acts
the 2% Utility Tax could be used
only for Debt Service
Anticipation Certificates
debtedness,
about
The City Treasurer
Under
received
money
for
phone
or
or
properties
Town Tax Rolls—When Returned
million
a
your tax bill on
in the cities of Buffalo*
Tonawanda and; Lackawanna,
and
the towns of the First
CIasst .write
Collection—In City of Tonawanda
the
Debt
on
For
located
tax bills
bills only on request.
ear¬
system
of
monies
total of 12%
a
and
part of them is
no
on
County
remembered, too, that all of the
revenues
to be paid under the
"Moore" Commission per capita
sense
1, making
that date.
Public Health services. It must be
of assessed
insuring
&
The
legislation is going
beneficial to Buffalo.
be very
to decrease in the 5-year average
a
on
1, and April 16, making a total of
5%. On and after May 1, in addi¬
Collections—The following inter¬
Increase
April 1 in 1947 to 1974. Second
—The information presented here¬
bid was an offer
by B. J. with was issued under date of
trv
effect.
Information
about
Dated April 1.1946.) Due
NEW MEXICO
'/"* X-t"'
its report, will require the State
to take over about 50% of the
a
^ & C°'iL of I00-14"for
'I'
^
'
new
Erie County
best
190s
\
'•
- i
is added
first of each month until Novem¬
ers
ing his bid will be returned. The
period of probable usefulness of
the object or purpose for which
.
;
A penalty of 1%
How to Secure Your. Tax Bill
year,
tion to the accumulated, 5% pen¬
alty, 1% interest is added on the
many
The statutory
said
a
and con¬
garage
is the
Town Law. In the event that prior
the
struct
of each
Saturday, March 30th, Governor
Dewey signed the various Bills
putting the "Moore" Commission
Law, for the purpose of
financing
within
issued pursuant to
Law
deposited with the bid. Enclose a
certified -check for $500, payable
to the City. * *
r
*
;
.
tract to purchase the bonds and in
such case the deposit accompany¬
Bond Sale—-The; $38,000
coupon
or
registered semi-annual water
'
'
i(
offering the
highest premium. Principal and
1% Local Utility Tax and Mort¬
interest payable"at the Central Na¬ gage
Tax
The
Governor
has
tional Bank of Washingtonville.. signed the Bill permitting cities
The bonds will be delivered at the to levy a 1% Utility Tax as in the
office of the successful bidder or, past. To clear up a misunderstand¬
at the option of the successful bid¬
ing we mention that the City will
der, at the office of Hawkins, continue to collect the Mortgage
Delafield & Wood, of New York Tax.
In
the
case
of
the
1%
City, on or about May 15, 1946. Utility Tax the City must pass a
Said bonds
15
Fefe j6;/Matoh^% ManpfrT6;; April
J
ceed 4%, payable M-S. Denomina¬
tion $1,000. Dated March 1, 1946.! basis
chaser to the return of the amount
Pemberton Twp. (P, O, Browns'
i-Mills), N.
a
as
Legislation not originally contem¬
plated when the Commission filed
'Bond Offering—Sealed bids will
be received until 3 p.m. on
piece
able by tteCity;
taxes as may be necessary
disbursements
Jan.
on
holders—but the law is the law!
of all this
YURK
.
sold cannot
Buffalo
and is allowed by law to accept
same without
penalties until Feb.
pay
Plan into
Par
w
of
to
"Moore" Commission Plan—On
Blooming Grove, N. Y.
Due
afford
15.
to
NEW
little
„
All bonds bearing 2V2%
Interest cost 2.50%
or
purchaser 'must pay accrued in¬
terest from the date of the bonds
to the date of deliveryr The successful bidder will be furnished
with the opinion of Reed, Hoyt &
Washburn, of New York, that the
bonds are valid and binding obli¬
gations of the City'and that the
City is authorized and required by
.100.14
State of New Mexico
•i
opinion is that, a
well
service; to bond houses and bond
Interest cost 2.15%*"J
-
could
these
Bonds due 1961/76 at 2J/4%
.
Our. private
City
Bonds due 1947/60 at 2%
tion
one-tenth of 1 % r and must be
the samefor • all of thh horidSi N6
broposalS^lFhe CohBid#:ed haih^
fng a rate higher than the lowest
rate named in any; iegaRy;;acceptaffle proposal, received by the
above Director.
If two or ptore
proposals name the lowest inter¬
est- rate," the bonds will be sold to
the bidder offering to pay the' sum
bf $21,000, and to accept there¬
fore the least amount hf bonds, the
bonds id be accepted being; those
first maturing, and if two or more
of such bidders offer to accept the
same least hmount of I?bttds; tbe
proposal of the bidder offering to
pay therefor the highest addition¬
al price will> be accepted. - The
price for which the bonds may be
102.05
Boswrrth-Chanute-
.
,
,
Otis & Co., Cleveland
All bonds bearing 2%
2063
There
is
no
County
Board of
Assessors for, Erie County,
; On properties in the cities of ^
Buffalo, Lackawanna and Tona*
wanda, the assessments for county
taxes are established by the City
Boards of Assessors of the respec¬
tive cities, and these boards
prepare
also
the county tax roll.
On property
located in the city
Buffalo, the county tax is
spread on the same assessed valu¬
ations as those used by the city
of Buffalo Tor the city tax in July
of the previous year.
of
May 1 and on the first of each
__10Q.03
month
thereafter,
however,
is
cluding insurance collect. Our let¬
In the towns of the First Class,
1947/66 at 1%%
:The GountyTreasurer begins the forwarded to the County, Treas¬
ter of transmittal will go forward
.
the boards of assessors (consisting
1967/76 at 2% .
by /mail as it is illegal to send collection of. the county; tax on urer and deposited in the general
of one to three members) are ap*
property located in:the City of ; funds, of the county.
any message, by express.
falo
____;
borid^ by express, charges in¬
Collection—In the City of Buffalo
J-V.j
¥
THE COMMERCIAL &
t'
pointed by' the - town boards," and
,«i:
in the towns of the
"•
,.V.
">&
&«V.
County Treasurer must accept as
A
Property should be assessed to
the Record
owner,{ Therefore,
when property changes ownership
i;<f
to?
fc
U
the deed should be recorded in the
county clerk's office^ as the asses¬
sors have no authority to change
5* I-*
is
the
m
deed is
name
of the
unless the
owner
record;
on
(t
*
Nochange of name or descrip-
U
lion can be made
-
the tax rolls
on
by the county treasurer's office,
'
if
.7
^ny of the oollecting officials,
fit
Board
the
II
II
can
be
made at the office of the Board of
w
Assessors,
City
Hall,
Buffalo,
N. Y*, during the month of Decem¬
ber Of
Hempstead Union Free Sch. Dist.
Ho, 17 (P. O. Franklin Square),
■*#
Hew York
\
.
•'
•
•
Bond Offering—William B. Bry¬
Akt
IVM
District
an,
will
Clerk,
receive
April
sealed bids until 2 p.m. on
for the; purchase of elementary
School building construction cou¬
pon or
M)
■•sii
registered bonds amount¬
ing to $780,000, not exceeding 4%/
'•
interest.
Dated April 1,1946.
Denomina¬
as follows:
$20,000 in 1947 to 1953, $25,000 in
1954 to 1957, and $30,000 in 1958
•
i
tion
m
w
V-Vlt
m
$1,000. Due Oct. 1,
Kate of interest to be in
to 1975.
W
multiples of Va
and must be
one-tenth of 1%
or
Governor: Dewey has
also ap¬
proved the Senate Rules Commit¬
tee Bill XS^Int; 2433) {introduced
at the request- of: Mr. Wicks); to
amend the Public Authorities Law,
thority ;fo?{such;cbnsiderati^
may be determined, any unappro¬
priated State lands and lands un¬
der water, as Chapter 371, of the
Laws of 1946.
In
approving these bills Gov¬
Dewey said:
ernor
bonds
issued
are
to
the
sold
and
Local
Finance
Law for the purpose of construct¬
ing an elementary school build¬
ing on the North Side of Washing¬
ton
Street, in said District. The
statutory authority for the power
to spend money for the construc¬
tion of said building is the Educa¬
tion Law.
The period of probable
usefulness of the
object
or purpose
for which the indebtedness is to
&
be contracted is 30 years.
In the
event that prior to the delivery of
the bonds the income received by
private holders from bonds of the
same type and character shall be
r->
■
*;4
f
4.
1
the successful bidder without cost.
Enclose a certified check for 2%
of
the
amount
of
the
bonds
bid
Mamaroneck, N. Y.
Note Sale—The tax anticipation
'A
m
s
Yiotes amounting! to $300,000 and
offered for sale on April 10—v.
163, p. 1920—were awarded to the
A*
>
I
r
Boston, at
bills
a rate of. 0.39%.
AAHow\ York City Airport Authority,
•
<
*; V
New York
i
'
.
Governor Approves Legislation
construct
a
to
finance
and
bus terminal in mid-
Manhattan, estimated by its spon¬
sors to benefit some 60,000 New
Jersey residents who daily com¬
in
tho
jold
were
yesterday
-that
:
^
the
n?
cZmbt
at
.State
Tax
Commission {.cannot
approve t
1976, as lVf. In¬
terest
Dated April 1, 1946. proposed vote on' May 7 on t
$100,000 bond issue for a new
Denom. $1^)00.
The next highest
swimming pool.: >;
bidder was the R. S. Dickson &
7 The); Commission
is
willing
Co;; Firs^pf i^ichiganfCorp;; McDaniet LCwis* & ,Cb^y and- ; Vance. however, to approve a vote on a
proposed $995,000 bond issue for
Securities
Corp.,
Greensboro,
a
new school
building which if
jointly, for $50,000 3s, $150,000
built will be located
immediately
l%s; and $300,000 1V4S, at a price
north of the present
school buildof 100.001, a net interest cost of
ing:
A*
1.35%.
Other bidders were as
As a result, it was
believed to¬
'follows: {
vl
day that the voters will vote on
1 Bidder
Price Bid
000 in 1957 to
,
May 7, only
Co.,
John Nuveen &
the school bond
on
issue and that the
Mercantile-Commerce Bank
issue
bond
swimming
probably will
pool
not be
Co^St. Louis,v.,
-77 2 on- the ballot.
..School officials
v
and"r
;
The
still were { seeking*
bill, now awaiting Gov.
authoritative
Wachovia Bank &Trust Co.;
Walter E. Edge's signature before
answers to some of the
questions
AsheviHe, jointly,that have arisen as a result of
becoming law, passed the Senate
the
For $500,000, l%s
100.07; report given at Columbus
by a 12 to 5 vote after an. hour
yes¬
jong debate during which oppo¬ (Net interest cost 1.496%.)
terday.
^
/
mute to New York City.
charged; that-the; measure
delegated too broad a power to
the Port; Authority, was a "hav¬
en"
those
for
seeking
an
,
*
•.
*
nents
& .Trust;
-!-
.
escape
from
That report was given to
Southern Pines, N* C,
J. I
/ Bond Sale—The $150,000 bonds King, Avon Lake School super¬
M.
Boehm
(offered: for sale on April 9—v. 163, intendent, 7 Joseph
would create
for
192-iwere awarded to the Peo¬
p.
Lake { school
Avon
board
clerk!
funds
remove
from
the
capital
budget for that purpose. By these
jills the city would be permitted
to borrow the necessary funds for
40th
and
41st
Streets, west of
eighth Avenue, connected by over¬
head ramps to the Lincoln Tunnel
Scars dale,
It is repre¬
City of New York.
sented that this is the only means
by which the airport can be com¬
pleted.
"The original -legislative pro¬
N. Y.
$180,000, tax
/
anticipation notes
April 8 to the County
Trust Co. of White Plains, on its
interest bid of 0.22%, plus $1.50
premium. The "notes mature Aug.
12, 1946.
sold
me
present¬
by these bills, however,
is whether the
city shall be
au¬
thorized to complete Idlewild Air¬
port
in
the
only
its
way
elected representatives say
be done.
four yearsjand
Laurance ? v S«v -Rockefeller - two'
Doolittle,
years.
New York (State
State Temporary Commission to
Continue
Study
of
Municipal
Laws—Governor
Dewey has
proved the/Desniohd Bill
ap¬
Port of New York
Measure
—
$1,000. The next highest bidders
for %% bonds were Geo. B. Gib¬
bons &Co.,
Inc., and. Brown
Brothers Harriman & Co., jointly,
at
a
price of 100.108, and Salomon
Hutzler, at) a price of
Bros.- &
100.08. Other bidders Were
Bidder
%%
as
fol-
Price Bid
Bankers Trust Co.,.
New Ybrk %«j.-.^ii«.i^l00.0799
Halsey, Stuart & C6i™^-100.076
National .Bronze Bank,\
{
York
For
.80% Bonds
extension
works
water
300,000 sanitary sewer system extension
•
Ohio
;
7
.
of
of
pany,
price
bond$.
?30bj)00 street p^ngbohds*
were
Columbus, as Is, at a
100.68.
Other bidders
follows:
as
^;,bondsJr''x;v{-7:V'{;
A'A
1
1%
Winchester
Bank—
100.58
Vio
Stranahan, Harris & Co.,
{Inc.
J.
White
A.
&
Bld
Rate
„'
Co.—
7
B&wmm Twin Matt* Sch. Dist*
Ntt li N* Hatft 77" - '7't
Y!o
100.29
100.23
Ryan, -Sutherland & Co.—
Weil, Roth & Irving Co.—
A77
NORTH DAKOTA
Bidder
Price
77
v
35,000 stotm drainage bonds. 7
23,000 fire alarm system bonds.
7
20,000 fhre $ighting^{equipment
l'A 7
VA%
100.56
100.34
Assel, Kreimer & Co.
Vk'/o
100.06
—
Canal
,
,
-
t
,
Attica Local Sch, Dist,,
will receive sealed bids until
on
NORTH CAROLINA
Lexington, N, C,
Bond Sale—The water and sew¬
bonds amounting to $500,000
er
1049),
and offered for sale
are
noon
building bonds amounting to
$100,000. -Dated May 1,
1948.
Denom. $1,000.
These bonds are
due on Oct. 1, as follows; $4,000
in 1947 to 1966, and $5,000 in
1967 to 1970.
Bidders may bid
different rate of interest in
part of
the
authorized at
election
in
1944.
April 20 for the {purchaselof;
a
bonds
$2,000,000 issue
the/) November
3%
for
,
Ohio
Bond Offering-—Henry H. Cook,
Clerk of the Board of Education,
50,000 playground and recreation
center improvements bonds.
Due Sept. 1, as follows: $4,000 in 1947 to 1951, and $3,000 in) 1952 to 1961. Jlhef6
:
bonds are part of the $1,000,000 issue authorized at tne
November election in 1944.
„
:
These bonds
are
dated April I,
1946.
multiple of ^4 of 1% The Board
.
Education to furnish blank
Purchase? to furnish legal
bonds.
opinion at his
Bank, Chicago —.^.i-i.100.1399 certified check
E. H. Rollins & Sons 7-.-.^100.139
C. J, Devine & Co., and
These
OHIO
of
100.17
Harris Trust & Savings;
Governor
Chapter
May 29:
on
bonds.
a
Bond
Dewey has
(S, Int.
352, Laws of
'
•
.
approved the Wicks Bill
as
$325,000
to the Board of
as
New
v'W --v/V
;v'.
,
Authority, N, Y,
Signs
A)
Canal Winchester Local Sch. Dist,
Bond Sale—An issue of school
bonds amounting to $42,000 was
sold recently to the Ohio Com¬
Roosevelt
Coffin & Burr
of)
bonds amounting to $10,000. Dated
April 1, 1946. Denomination $500.
v
AAA:.
,
;
.
■*
Cincinnati, Ohio
Drdinkn^e Passed — The City
Wdqd;{Btruthetfi! A Ctmh M
Council recently!{passed an or¬
New York, jointly^ as %s, at a
favorably voted at" the election dinance .calling for the issuance
price of 100.109. a basis -of about held on March
29;
of
the
following
2%% honds
0.728%;
$55,000
gymnasium - auditorium Amounting to $96,000:
$110,000 series A bonds. Due on
bonds.
*
:
$46,000 University of Cincinnati
*'{April 1 from 1947 to 1951 incl.
10,000 school ishop-and vocation¬
building 7 construction and
7 24,000 series) B bonds. Due on
al) agriculture
department
equipment bonds. Due $2,April 1 from 1947 to 1951 incl.
bonds.
•) 000 ) Sept.
1, 1947 to 1969.
Dated April 1, 1946.
Denom.
awarded to
"The ultimate question
ed to
r'
election to be held
on
posals . have been
substantially
changed. The main bill has gone
Warren County \p, (X Glens
through four different amendatory
Falls), N.Y.
printings.
There is still contro¬
Bond Sale—The following air¬
versy concerning its terms
and port of 1946 bonds
amounting to
many of the provisions may give
$134,000^nd
the City of New York new diffi¬
April 10—v. If®, p. 102#—wet!
culties in the future.
*
'
be submitted to the voters at the
'
Village Sells Notes—An issue of
was
Wilmington, N. C.
Bond
Election—The following
bonds amounting to $1,003,000 will
•■■
/
Enclose
Avon Lake, Ohio
a
Avon Lake School
of
District, Ohio
Election—An
issue
of
construction bonds amounting to
$955,000 will be submitted to the
voters at -the primary election to
on
May 7., >
,3
Bond Sale —An issue
struction
awarded
.
issue
swimming pool bonds amounting
to $100,000 will be submitted to
the voters at the primary election
to be held on May 7.
be held
Ohio
of con¬
amounting ™
ior $5,000 payable $260,000 and offered for sale on
Education.
April 8— v.1163, p. 1625 -7
expense.
Bond- Election—Ah
Bond
Gallipolis Sch. Dist,,
^
^/.
.
bonds
to
Braun,
Boswortn
Co., Inc., as l^s, at price of 10W• •
Dated May . 1, 1946.
The next
highest bidder ^■' was Stranahan,
Harris & Co., Ine., and Ryan'
Sutherland & Co., for l^s, at a
price of 101.44. f Other bidders i
r
iy4% bonds were as follows:
> Bidder
—lOLgJ
——100.^
First of Michigan Corp.
Halsey, Stuart & Co.
Green Local School
R. D, No, 2,
District
Unipntown), Ohto
Avon Lake Sch, Dist, (P,0,
April 9—
7 Bond Sale—The building bond
Dewey approved re¬ 1946, to provide that the States of v.
163, p. 1920—were awarded to
Avon Lake), Ohio-'
amounting to $125,000 and offe
cently the Halpern Bill (S. Int. New York and New
Jersey agree Halsey, Stuart & Co., and Phelps, A Swimming Pool Bonds Ruled for< sale on April 8—v. W, P*
667), as Chapter 370, of the Laws that obligation of the Port of New Fenn &
Co;, of New York, jointly, Out—An adverse decision on cer¬ 1778—were awarded to Bra »
-of 1946. adding new Sections 1444 York
Authority 7 to pay back at a price Of 100.017, a net inter¬ tain ;bonds of the above; district Bosworth ,&
Co., Inc., as
i
to 1462, Public Authorities Law, moneys Advanced for
stucjies of est cost of 1.3001%, as follows; for by; the State Tax Commission price :pf; 101^87,basis of aboU
—Governor
■A
Authority
ficials.)
•*•■'
Governor
{
York
Chap¬ Tilney A Co., jointly ^.^100.131
ter 228, Laws Of 1946,' to continue Lehman
Bros., and
to Feb. 1, 1947,' the temporary
Laidlow &{Co^^jointlyl j[-166.I29
County Trust Co., of White Plains^ State Commission for the study, C. F. Childs & Co.^ and
:
at a« rate of 0.27%, plus a pre- codification and revision of the Sherwood &
Co^ jointly^-100.039
laws relating to municipal finance
mium of $2.25. Dated April
12,
For .90% Bonds
1946.
These notes are due on and making an appropriation for
R. D. White & Co
^_100.186
Zuly 12,1946. The only other bid- the. expenses of such commission.
der was the First National Dank,
,
of New
bill authorizing the Port
a
—
April 2 passed
follows
as
"Cronicle-Telegram''
■
March. 30: { Avon Lake
school
"
for, payable to the Board of Edu¬
cation.
on
reported
Elyria
1951, as 6s,
i946
and C. A. Gibbens,
taxation; and an attempt'to
county school
ples National Bank, and C. F. Casthe City of New York an Authori¬ "dry Up" the railroads.
sell & Co., both of Charlottesville, superintendent, while they were
Senator David Van Alstyne (R.¬
in Columbus yesterday.
ty to complete the construction of
jointly, as 1Y4S, at a price of
Idlewild Airport and to operate it. Bergen), who moved the measure,
They were told at the State Tax
100.603, a net interest cost of
The Authority is also authorized said it would be a "tremendous
Commission office that the two
1.22%. These bonds are described
by these bills to take over the benefit to many thousands" of as follows:
proposed bond issues, added to
bonds already outstanding, would
operation of LaGuardia Field and North Jersey residents ' who daily
$70,000 sewer bonds. Due March exceed the maximum of 6% of
to construct and operate any other commute to New York City.
1, from 1949 to 1968.
He said a similar measure pro¬
the tax valuation which is al¬
airports in the City of New York.
80,000 public improvement bonds. lowed by law.
"The Mayor of the City of New viding for the terminal passed the
f
y' \
' Vs*vy
'
Due May 1, from 1949 to 1966.
York has represented to me and to New York State Legislature with
Cambridge, Ohio
Dated May 1,1946. Denom. $1,000.
the legislative leaders that this is only one dissenting vote.•;
/ Bond)Offering—Fred
The bill would permit the Port The next highest bidder was R. S.*
L. Glagthe only means of financing the
completion of the Idlewild Airport Authority to issue bonds to fi¬ Dickson & Co., .for $15,000 4s, and ett, City {Auditor, will receive
sealed bids until noon on April
which is now under construction nance the terminal, which is ex¬ $135,000 f%s,Caprice: of 100.004,
16 for the
purchase of airport
and the City Council has voted to pected to be constructed between a net interest cost of 1.329%.
"These
duly
it can
Obviously the airport is
essential for the growth and de¬
ful bidder may, at his election, be
velopment of the City of New
^frelieved of his obligation under York. The city administration is
the contract to purchase the bonds
entitled to the opportunity to com¬
and in such case the deposit ac¬
plete the airport in the manner
companying his bid will be re¬ which it considers the
only one
turned.
The bonds will be valid
available. Despite the well ground¬
and legally binding obligations of
ed {criticisms {of some aspects of
:
the District, and all the taxable these
bills, therefore, I am con¬
property within said District will strained to
approve them.",
be subject to the levy of ad valoMembers—The following have
rem taxes to
pay said bonds and
been chosen by Mayor O'Dwyer
interest thereon without limita¬
as members of the hew
agency;
tion of rate or amount. The opin¬
F. Guggenheim,; (Chair¬
ion of Hawkins, Delafield & Wood, Harry
man), six-year term; Gen. James
of
New; York, will be furnished to H,
taxable by the terms of any Fed¬
eral income tax law, the success¬
Bus Terminal Issue
The State Senate
the constitutional debt limit of the
pursuant
'W
iff
:
>
Legislature Approves N. Y. Port
Authority
completion of the airport, outside
The
■M
City for airport au¬
for all of
same
the bonds.
M
I
and property for
acquired
Principal and interest
payable at the Franklin Square
National Bank, Franklin Square.
'II
31
the
airports,
outside of the city; shall require
consent" of the municipality.
to New York
la the.city of Buffalo, examina¬
tion of the assessment rolls
such*
other airports; property
as
Inspection of Tax Rolls
\
therefor; city may convey turers Trust Co., of New York, has
Authority LaGuardia and Idle- been appointed paying agent for
the 11th series 1Ya% general and
airports, subject
agreements made by city affecting refunding bonds of. 19861
/
to
wild
or
of
Assessors are the
only ones who have that author¬
ity.
'
■tf
liable
Section 1450, to provide State land
office commissioners may convey
'
iyr
to
1949 to
are
assessors
tof the ^appraised value* of the
i.-i
■
Authority
was
W00 April .1,
and $476,000
maturing April 1, $12,000 in l052;
$14,000 in 1953, $16,000 in 1954
and 1955, $18^)00 in 1956 and $20,$24,000 'maturing
City Airport interstate vehicular bridges known
acquire, construct as Outerbridge Crossing, Goethals
to create New York
chosentM\the and operate airports therein, and Bridge and Bayonne Bridge, may
be satisfied by delivery to the two
regular elections, and these boards issue bonds not exceeding $250,•fof the respective towns establish 000,000 outstanding. at any one States of bonds or moneys or both
)
* '
the assessments and prepare the time; bonds shall be tax-exempt equal to appropriations. Faying*';; Agent^-The, Manufac¬
county tax rolls, which rolls the arid: city and Statet shalf iidf be
T/lthe
'
Second Class,
Monday, April 15,
FINANCIAL CHRONICLE
on
THE COMMERCIAL &
FINANCIAL CHRONICLE
Number 4481
i63
VoIume
ticipated income assured the
2065
,«t%.
Dated Aprtt-% 1946.
Fairland Sth. Dist.
(P. O. Fair*
TienoW. $w°°* These bonds are tirement; of $115,000. of these
^
land),
■
K/lWto 1967.; The next bonds pri April :1^ 19'40< This will vBonfc ^Offered ;^;$eaiedU:-l>fa$,' rjr : / Offef^ Okla,
Bonds
hfohest bjdder 'was Ryan, Suther- leave only $174,000 still to be were received Until April" 11, by were received by -u; Sealed bids
M. D. Souter,
•: tend & Co, for 1>M at a price of paid^ off^ 5 or" P %■ of "the original Stanley Sloneker, District Clerk, Clerk of the Board of Educatioh.
bOnd issue.
for the purchase of
|
^ '
$75,000 not until April! 0, for the
100.461. ; " ':
purchase of
Of the $350,000 in bonds, issued |p ..exceed 2%,
;
payable/. J-Dy the .^following bonds aggregatthg
Other bidders were as follows:
in
1936
to
buy the Pomeroy- building
bonds.
Denominations $11,500:
• '
i
■ ''
? 'Rate
Mason Bridge,.only
$96,000 were $1,000 and $500. Dated Feb. 1,
stimerimi* Co:- mu lfo.ie
$6,000 transportation; equipment
outstanding at the end of. 1945. 1946. Due as follows: $1,S00 Dec.
Funds on hand and
bpnds? / Due $1,000 in 1949 tQ
early 1946 lr 1,947,' $2,09O dhbe and. Dec. 1;;
1954, incl.
revenue asstired fhe retirement of
1948, $2,000 June arid $1,500 Dec.
5,500
<»» '.**»•» $40,000
building
and
furniture
of
these
re¬
Sevw Mile Lbcal Sth; Dt*i;
(P; Oi
:
Seven ■ Mile)*■ Ohio •;
* *
'
N
,
.
.
.
.
•v; 163; p. 1779—it is now
stated
by the Towh Clerk that the bonds
were
sold at par: $2;800 street
equipment; $1,800 water works re¬
pair; $1,800
600
sewer
and
equipment
bonds.
■h-jripr
;
>
,
V?iorfin?°---
the- prlhiary: election
on May 7.
tq
at
behead
1-
'
i:
EleCtiOn'-t An isstie of
construction
and. :recreational
ffl&s- amounting to. $70,600 will
be submitted to the voters at the
Boiifl
ptiinaff
•
.
0. Middletown), Ohio
•
1946..
1,.
.
-.
Madison Township LocalSch• pifc
P.
April
on
,
eleCtfori to be hOId oit
May1?.
1L1949, $2,000 Juihe aha^fiec. fj-
"This I960,, $2,000 June and $1,500 Dec.
would leave only $56,000 still to 1* 1951*
$2,000'-June and Dec. 1,
be.
paid off, or only 16% of the l85fc $2,000 -June arid $1)560 Dec.
original issue. And this iS the 1, 1953^ $2,0QO Jiine-and fees* 1,
bridge which, prior to the war, 1954, $2,000 ^ppAl^^$1.50(f;Vpec«
seemed headed for default in 1956 1, T955, $2,000 Juhe and; Dec.
1,
When its bonds befcame due; Due 1956^ $2,000 June and $lj500 Dec.
to the ^ar 'boom,, it will become
^J,957it $21)00lr
a free' bridge; nearly
10 years 1966, $2,600 June, and ^$l,50Q Dec.
ahead of -schedule.
/
1,-1959^^^ $2^00(1; JunA ^^6nd; Dec.? 1,
j
Ohijr one ,factof f restrains the 1960, $2,OQO June and; $1,500 Dec.
1, 1961, $2,000 June and Dec. 1,
Commission at this lirrie from setlipgrtfte;'apprpximate4ime^of the 1962, $2,000 June and $1,500 Dec.
freeing of these two bridges. This 1, 1963, $2,000 June arid T)ec^ 1*
is^ the maintenaricd ythich mukt 1964, ;$2^000/vJurie and $1,500'Dec.
be c^afried^^otit^ during the: spring ti ;1965,- $2,0q6 June. arid ;Dec. 1,
1966, arid. $2J)06 June ly: 1967.
and summer to put both
bridges
authorized; at
in fjErst elass conditio^ bOfofe These bonds
the general election held on Nov.
turning them oyer 16 the. Stafe
;
Highway Depattlhehf as provided 7, 1944.
bonds
Bdnd Election—An issue of con¬
struction bonds amototingfq^S,000 will be submitted to the voters
.
outstanding
.
Local Sch, tiist*, Ohib
Hani den
i
bonds. Due $1,000 in 1949 to
1953, and $500 in 1954.
Hollis, Okla.
; .v
Bonds
,
y
,
Sand
Springs Sch. Dist., Okla;
Borida
Approved—An, issue ;<>f
coristructiori
$175,000
was
tion held
on
,#oftd/Gftotf ngM*
Clerk of the Board of Education,
will receive sealed
cfcase Jw
bids until rioo'n
rioouport
•fadtotmir to
by faWv;:Biahs^cothbonds plete repairing Of both -bridges
United Local Sch.
Disi,
(P. O.
tiounty, Wisoti Cons. Sth,
Disi, .No, 2 (P. O* Davidson),
j-Okta,
.
Approved—The folloWr
Bonds
bffered
Sealed bids
ing bonds: amoimting(: to. $40,000, were received until
April 12, by
not ;excbeaing 0%;^
interest/ wete theJ Clerk of the Botod of Eduea—
approved at the election held
April 2:
I
7
on
tiort,: for the' purchase of $11,000
transportation equipment
•
Bond
Election
—
An
$2yooo
to 1949 td 1952, and $3,000 in 1953..
6f
issue
Waggoner; Okla.
swimming pool bonds, together
with; an issue of sewer improve¬
Bonds Voted—The
$6,000 in 1967 and 1968. Rate
and
inte'f^st
$ i%» ^rhes^
of
engineers.
The
fh^ " bonds
are-
riish his own,approving opinion at
his own cost. Enclose a certified
1945.
C10fk*Treasurer,
April 2.
term bonds called for
for
". Ohio'
Osborli, Ohio
Bond Election—An issue of mu¬
nicipal building bonds amounting
//municipals
to
f efigtnOhed' a blt'fhVthef durlrig
to
voters Ut the election to be
held on May 7.
'
/
highs today. The yield on 20 Ohio
bonds stapds. today at 1.12%, com¬
pared with the level of 1.13 % at
Which it held thO pastthree
.
(P. OrMouttl Eaten), Ohio
v
Bond
Election
—
An
issue
of
construction bonds
now
stands at
a
yield
'W§6k> arid ^he^ihde^ fo^;'J0;''ibwb^;
gfade ridmes isr today. a yield Of
Compared With-1.20% !a
week ago; v; /; V-y; >- ; .•, *
}.
Offering—The.
Secretary
the .Public Employees Retire¬
ment System has
announced that
fie will .receive sealed bids until
-
11 am.
(EST)
on
April 18 for thO
Wjhase, of lahyAr all ofST
of
items
Ohio, Municipal bonds amount¬
ing to $417,000.
■
;■
,:
.
pklb SlWtb Bridge CotHrHlssibh
*»j^^^^pbtkub);rOhik ^
Sttbmttted
1970. The next highest bidder was
Ryan, Sutherland & Co., for l^'s,
at
Parkman Local Sch. Dist.,
Tfee
Bonfd
Bond Election
—
The
following
bonds amounting to $190,000 will
be submitted to the voters at the
primary election
May 7:
$50,000
May 17.
city
to
be
held
rC^a^s/:-D^Ayrri^/;Secre^
i the State Board of Higher EdUca-
in 1951
$1,500 in 1960.
to
1959,
and
tion,-1 for/the $l5p,p00 dbrmit6ry
buildirig additionbonds,prigirially
offered for sale
on
March 9.
Cratil CbdHl)
Nfc 2 (Pi O. Cairiyoti
Bonds
£ityi); Or**
Called—The
above
Dis¬
trict called for payment on April
Medford, Okla.
Bond Offering—Rhea Hersch- 1, ;ari iSsue of 3% revenue bonds
berger, Town Clerk, will receive airioriritiflg ta $375,000;
sealed bids until 10 a.m.
16 for the
on
of
April
on
purchase of the follow¬
ing bonds amounting to. $79,000;
:
Oregon (State of)
Governor May R 0 o n to rn fe tt A
Changes to Tax Limit Law—Gov¬
construction
hall
$31,000 water works bonds. Due ernor Earl Snell's Tax Study Com$2,000 in 1951 to 1965, and tolssioh may'.fecoirimend changes
140,000 playground acquirement
;
$1,000 in l966vr
i! to Oregon's 6%. State constitubonds.
Due in 20 years.
48,000 community building tidrial
property tax limitation,' or
bonds. Due $3,000 in 1951 to
repeal of the entire ariieridment.
Willoughbp Toidriship Local
1966.
This was indicated by a prelim¬
Sch. Dist. (P. O. Willoughby),
The bonds will be awarded to inary report niade; totohq reeetoiyD
Ohio
the
bidder offering the lowest by S. J. Barrick, Commission Di¬
Bond Offering—R. C. Farquhar,
rate of Infeest ;artd agreeing to rector. Scheduled for further con¬
-
.
bonds.
on
OAlis
Due in 10 years.
April
27
for
the
close
pur¬
amounting to $64,000 and offered 1, 1940. Denomination $1,000. Due
on April 8—v. 163, p. 1625"
$7,000 May and Nov. 1, 1947, $7,r^were awa'rded to jPaine, Web¬ 000 May and $8,000 Nov. 1, 1948,
ber,; rfackshn & Curtisr v6f ^ ChR $7,000 May and Nov. 1, 1949, $7,for sale
,
ari^s; aia pifce ofl0l/p74r
cago,
000 Mar and. $6,000 Nov; 1, 1950,
April 8,1946. Denomination $7,600 May ahd Now 1, 1951, $7,*
$1,000. -These bonds are due 6n 000 May -and $S,O00 Nov.i, 1952,
Sept. i; from 1947 to 1971.
The $7,000 May and Nov. 1, 1953, $7,next highest bidder was Fahey, 000
May and $8,000 Nov. 1, 1954,
Clark & Co., for l%s, at a price
$7,000 May and Nov. 1, 1955, $7,of 100.35. ^
w
v
000 May and $8,000 Nov. X, 1956,
:
'
T
; ^
1
$7,000 May and NOV, 1, 1957, and
Peebles ScKdoi District, Ohib
$7,060 May aim $6,000;N6W.1
Dated
.
_
>
.•
:1.
-
L
O
-iAti
•
'■
,|L
thorized at the general
3? 5A>r 194$ is one Whi(:h
Nov.
1^46;
6,
election 6n
No bids M less.
.
backward with pride and
Dated A^ll fi \f940.;;|7eik^hh-;: than pit
forward With ariticipatibri.
It jig tidhs
$1,000. ThesAbOnds are duh
5/£p?rKlft which the ppld figtfres froiht 1047 to 1971;" The; ndgt 740, payable to the Board of Edu¬
2Lthe Jter's end point uhmistak- highest ,;bfdddE t;,
v/
^/stfanahah/ cation.' ;;
^^
gOUl ' fo^ "WhiCh the' Harris & Co., Inc., for l^s, at a
OKLAHOMA
Vv^tnissioh 'Was ^dreated;:--i* the
price of 100.062.
" '
"
'.
V
TKa't gdal
>:i/;X
Chouteau, Okla.
^
:
*;.
Sight/ Befolrd.-th^ /
antiuai ^e®cS
the
certified check for 2%
amount.
a
Okldtioina
f.
•
■,
v.
•
r
x
(Statb
of
Bond
issues
for
prdyai^InRCcentMonths
factors
back
which
.public
had
The
holding
con'structibri
have
befti eliriririfated and
are
now
variety of fmbHo
heW
;
After- reviewing
maze
of
conflicting
at length a
official de¬
cisions, opinions and rulings, the
Cofnmission found that the list of
pro¬
than
on
a
wmka/ including
buildings, highways,
bridges, fife atoti6fis;iwatey W6rks^
disposal plants and sOwer systems
':
legal meaning has been and still
more exhaustive
embarking
scfio'61
first.
is that its
amendment
titieA towns^ exemptions to the limitation
counties and school districts of the
State
•
is confusing."
Ap
—
been
by the Coritoiissiorii at
April meeting, the report said
the "'outstanding criticism of the
limitation
of):
Beg al/s Bepartmeht Bedeivbd
Numerous
sideration
its
'
were
the list of specific objective^ :1
Four possible alternatives were
disCtrssed, as follows:
1—Provide
re*
drastic
more
strictions on proper
placing mi
•
.
t
Since the Government eased
vision
re¬
tax levies by
oymvail Jtoto on the
total levy. • ■ * t
' * • ■,i
•: ■■
>"
2—AbOlish'thfe 6% limitation.
3—Amend the State constitution
,
strictions
building materials
and equipment, Randell S. Cobb,
Assistant Attorney-General, has
on
received bond issues for approval
from 58 subdivisions of local gov¬
to
give taxing districts the power
with-
to meet changing conditions
Itoicertairi; limitations.
ernment since Ndv. is.
4—^-Ariiend thev constitution to
Hardly a community in the State provide for over-all budget control within ^ bounty subject ^tq
creased demands, tot pOblid serv- ceftairi limitations;
t1' (•
ice; to thq postwar; eta; The un¬
PtocedUre of other States in re¬
happy situatfoh was a Wartime
stricting tax levies was discussed
"babyy- Which hotoe folk corildri't at considerable
,
length in the Com¬
Pitsburg, Ohio
pondsissue of wafer spank, under rigid Government mission's
report. It was noted that
Offering—Alired; t* systehl bohds amouiiting to $60,000 restrictions, notwithstanding that
around,' it is qiiite-likely
the State of Washington now re¬
money was mbre plentiful and
one, perhaps two, of Ohio's Oakelv yiilage .Clerk, will receive
stricts* its qvef-all limits on the
wal |a^^^/^ofed ait the 'elec¬ easier; to
sealed i;bids ihtil nOOii
another
mat
on
Eastern Oregon College
Davis,
.
chase/' 6f ° 4%
bbpds
bhilding bonds amounting td $174,000. Dated May
looks
rolls
will be submitted to the voters at
the' election to be held
\
University Heights, Ohio
buiMirig bbhidkf i958, Brdd^rs may bid for a, difaiihual^rephtttori the
ahioiihting to $107j6oO^hd offend tfetentX* tJi of interest;in a
^te +A 1SL Thee* Khfm
/ending, Dec. 01,: 1945.
We
for* sale oh April
8—y; 163, p. tiple bf M of jfe These bbnds
gaote mpattas follows* from'this
are part of the $294,000 issue au¬
1776^wefe awatdea to4 Bfaiw,
mformative; document:: j ;;o-.
«def^e!^;ifi
™e
*
the
,
$1,000
price of 100.86.
a
noon
v
.
at
sanitary
sewer
bonds.
DUO $3,000 iri 1949 to
1966,
and $2,500 in 1967.
10,500 water works bonds. Due
These bonds are due from 1947 to
,
year
voters
March 26.
—
Michigan Corp., jointly, as iy4S, Tulsa:
a
price, of 101.043, a basis, of
about 1.158%.
Dated Dec. 1, 1946. $56,500
'
2£&;
CommissiOhsrib*
patted,:., recently •■■^v^iyQfb^enibr
the
on
Lathont, Okla.
,
j
to
election held
amounting to
$5,500 will be submitted to the
voters at the primary election to
Clerk of the Board of Education,
be held on May 7.
will
receive
sealed
bids
until pay par and accrtied interest, Eh-
.98%, compared with ,99% last
of
;
m
Pdirtf TJaWfi&hip LotbA Scfc DUt.
Weeks. *$He.
grade bonds
$1^600 will /bb submitted
the
past week, and all of our iricks MDhtOS rose
/to1%W ;yectod
e
of
redemption.
Asioria, Ore.
works dinprbvemerii
Bond Etoctidri—A proposal-to
bonds ;am6imtipg, tq :$1O5,6O0 was tot up' a municipal
power system
of ; Water;
of
$455,000 On April 1, 1946 by the
further retirement / of $75^)00; in
;.
,
This figure will be reduced
OREGON
ptia*
of Eduea*
Bond
Sale
The
tion (P, D* Corvallis), Ore.
following
'
bonds amounting to $67,000 and
; BondOfrertog-^Sealed bid$ Will
—were awarded to Fahey, Clafk
offered for sale on April 9, weie ,be
received .until May 6,
by
& Co., of Cleveland, and the
First awarded to Evan L.
to
.<
S^^^etbperated^dbir^bridges
will be
free
bridges. Free bridges;
,v
pond-
April
20 for the
purchase of 3% fire de¬
partment bonds amounting to $5,500. Dated April 1, 1946. Denom¬
ination $550. These bonds are due
tion held
on
get for public imprdye-*
total ta£ leVy.
time to the last
April 2.
merits than at any
20 years,
:
-
-
meeting Of the Ore¬
huge welcoming
uand across
This situation is being corrected gon study group one or two mem-;
the great water bar-^
Bond
bers were reported to have
iridi-,^
rapidly, arid almost every commu¬
riers.p;
cated. they Would favor repeal of *
$550 pri pet. 1, 1946 to 1955; Bid¬ amounting to' $73,000 hpd bffbre<^ nity; of the State wifl have som'e
the 6% limitation amendment as
ders may bid foh a different rate for sale on April 8-^v. 163,
p. 1625 capital improvement project under
in sight are the Sana
means/ Of clarifying the tax
of interest in a! multiple of Vt of —were awarded to the
City Na- eonstructiott to; the nestt tow strUcture. Bay
stretching like
a
Bridge,- purchased iri
pf 1936, and the Bom^hyrMasoh ^Bridgd acquifed ' in
the fan pf
the same ^earl
t^ .swipg
1^5, ici the Slr'
~^5»00y hi^ bondf issued td;bu^lthe
struction
bonds
amounting; -to
<:9ft&)vAAy- Bay Bridge', Only $120,000'will be submitted to the
Wei^ outstanding. Year- vmhrj4^af thd prfmafryeiehtion $Ph
balances and parly 1946 • hh^
6f Kan¬
Towhshtp Local Scft. Dist. sas City, at a net interest cost; of
(P. O. Wbbstbr), Ohio
1,21%. These bonds are due $4,600
"Bond Election—Ah issue of con¬ In 1949
to 1964, arid $1,000 in 1965.
Plairi
®r,5 2
cnct
jbirtticti Okltt*
Bale—The building bonds
Cldrdnribrd Sthabl
iidhal Bank & Tiust
.
of
-
$110,000 were favorably voted at
the election field on April 2.
Bond Election Held—An issue
at
buyf this bridge, $630,000
outstanding^^
^ the, ehd
6f
were
Ohio' (State of)
IBond Market Comment—J. A.
White & Co., of1 Cincinnati, reported on. April 10 as follows:
\i
Bids
in
1936 to
check for 1 % of the bonds bid for,
,
includes
picfurd a free SteubenvilleWeirton Bridge in 1948.
Out of
the $1,600,000 in bonds issued in
tion in
payable to the
.
me
authorized at the. November elec¬
Board of Education. 1
"
look
.
forward
Hugo,
dis-;
sewage
posal system bonds amounting to
ment bonds amounting to
$30,000,
will be submitted to the voters at
the el€5Ctioh to be held oh
bonds.
Due .on July X as follows:
,
$33,000 park improvement bonds.
7,000 Sewer extension bonds, f;
submitted
Kensington), Ohio
this'year^ whateye^; other mathBond Sale-^The
.building bonds
ceeding- 4% interest; Bated April fenance is heededaWail the
1 1946.t>eriorn. $1,000. Due Dec. 1,
annual gehefal ihspecxion in April amounting to $206,995 and offered
for sale oh Aprfi -fC-fvw 103,
as follows: $5,000 in -1047 to 1966,
p. W78
by ihe • CobcPttiSsiotf a consulting
bonds amounting >to
approved at the elec¬
April 2.
Tillman
.
i
repair, arid $13,-
station
.
'
■
fire
be held On May
7; *-5
The next: highest
Small-MilbUrnu
bidder was the
Cd.y at
est cosfbf 1.229%.
a "net
inter¬
-
■-
At ai rOcent
"
months.
Hush Springs,
nection
PENNSYLVANIA
(jkla.
Information—In
con¬
with the sale Of the
fol¬
Additional
lowing bonds aggregating $20,000
Cambria County
,
Bond
(P. O, Ebens*
butg), Pa.
-
\
Offering
Elmer Davis,;
Controller, will receive
to the First National Bank Of Rush
County
Springs, and the First National
Bank of Chickasha, joiritly, as l^s
sealed bids until 2 p.m.
(DST)
on
April 30 for the purchase of %, 1,
;
THE COMMERCIAL &
purchaser will be furnished with-1 provided such bid is not less than
out charge the opinion of Burgwin par and accrued interest.
The
& Churchill, of Pittsburgh, that highest responsible bidder shall be
the bonds are valid, general obli- the one
who, having complied
gations of the City. Enclose a cer- with the conditions of sale, offers
tified check for $2,200, payable to to take the whole amount of the
the Citv
^
issue at the lowest interest cost
m, M/i, 1%, or 2%; coupon re¬
funding bonds.
Dated May 15,
1946. Denom. $1,000, These bonds
are due $50,000 May 15, 1947 to
1851.
Bids will be received for
the entire issue at any of the
above rates of interest, but no bid
combining
two
different rates
of
interest
will
be
accepted.
.
.
succession
taxes
now v or
eIection to
be held
br inher¬
hereafter
on
May 21.
Parkside
(P. O, Chester), Pa.
•
Offerlng-^ohn M, Techton, Borough Secretary; will re*
Bond
levied or assessed; thereon : under
present or future' laws. of the
Commonwealth, all of which taxes
the County assumes and agrees to
pay.
The bonds - will be: sold > to
the
highest responsible bidder,
provided such bid is not less than
par and accrued interest. The high¬
est responsible bidder shall be the
One who, having complied with
the conditions of sale, offers to
any
ceive
bids
sealed
-
(DST)
on
until
8
-
p.m.
May 1 for the purchase
of
1, 1%, 1^,1% or;paving: coupon- bonds amounting to
$25,000. Dated May 1, 1946. Denomination $1,000. Due May 1, as
follows: $2,000 in 1948 to 1952,
and $3,000 in 1953 to 1957.
Bids
will be received for the entire is-
at any of the above rates] of
interest?, but no bid combining
two different rates of interest will
the County, which shall be deter¬
be: accepted;
Registered as to
mined by deducting froni the total
principal pnly.
The bondsc .and
amount of interest to be paid bn
and the ^interest thereon will be
account of such bonds during the
payable
without deduction for
life thereof, the amount of premi¬
any tax or taxes, 4except succesum offered, if any, over and above
sion or inheritance
sue
take the whole amount of the is-
!sue at
the lowest interest cost to
amount of the, issue.
or
hereafter levied
obligations will be payable
thereon under any
from unlimited ad valorem taxes. |
the
face
These
future
taxes, now
assessed
or
present
or
of the Commonwealth, all of which taxes the
Borough assumes and agrees to
Federal legislation which in terms,
pay.
The bonds will be sold to
;by the repeal or omissions of ex¬ the
highest responsible bidder,
emptions or otherwise, subjects to
The enactment, at any time prior
to! the delivery of the bonds of
a
bonds of
class
a
or
law.
provided such bid is not less than
and accrued interest.
The
Federal income tax the interest
on
^t^S
from the
jjdinterest 1o be paid
^
du?fi g
$200,000 will be submitted to the
.
except
of
An issue
be
duction
itance
—
street, sewer, playground and improvement bonds amounting to
payable without de¬
for any tax or taxes,
will
Election
Bond
Registered as to principal only.
The bonds and the interest there¬
on
FINANCIAL CHRONICLE
the
Scranton, Pa,
par
character
amount
any,™
premium tffered, if
ver and
above the face amount of the issue.
These obligations 'will, be
payable from unlimited ad valorem taxes. The enactment,; ht any
time prior to the delivery of the
bonds of Federal legislation which
in terms by the repeal or omission
of exemptions or otherwise, subjects to a Federal income tax the
interest on bonds of a class or
character which includes .these
bonds, will, at the election of the
purchaser, relieve the purchaser
from* his obligations under the
terms of the contract of sale and
entitle the purchaser to the *eturn of the amount deposited with
-the bid. These bonds are; issued
subject to the favorable 7 opinion
ofTownsend, Elliott & Munson of
Philadelphia, and:will be deliv?
ered to the purchaser only if and
after the proceedings authorizing
the issuance thereof have been approved by the Department of Internal Affairs. Enclose a certified
check for 2% of the face amount
of the bonds, payable to the
Township Treasurer,
\
* W
v
responsible bidder shall
Proposed Bond Issue ~~ Mayor
will, be the one
who, having complied James T. Hanlon and the City
at the election of. the .purchaser,
with the conditions of sale, offers Council are said to be expediting
relieve the purchaser from his
to take the whole amount of the. legislation for the submission of a
Obligations under the terms of the issue at the lowest interest cost to
$200,000 bond issue in the near
Contract of * sale and entitle the
the County, which shall be de- future.
The funds would be used
^purchaser to the^^yeturbf^of^ the termined by deducting from the for flood elimination, sanitary
.amount deposited with the bid.
total amount of interest to be ^sewer lines and ' street improveThese bonds are issued subject to
paid on account of i such bonds ment.
highest
which includes these bonds,
the
favorable opinion of
Towns-
s
end, Elliott & Munson, of Phila¬ amount of
premium offered, if
delphia, and will be delivered to
any,
over, and
above the face
the purchaser only if and after the
amount of the issue. These obproceedings authorizing the issuTance
thereof have been
will
ligations
approved
be
payable
Scranton)
_
Lewiston
certified
a
Federal
Municipal Housing
on
water
:
relieve
stated
as
that
1,
revenue
contract of
sale
and
as
$1,000, and
These
ma¬
to
follows; $20,000 in
1956, $40,000 in 1957
1959, $42,000 in 1960 and 1961,
E45,000 in 1962 to 1965, $47,000 in
entitle
the
to the return of the
deposited with the bid.
bonds
the
are
ternal Affairs.
Enclose
a
certified
check for 2% of the face amount
the bonds,
payable ^to ^he
of
Borough Treasurer.
Bond Offering—Roy W. Hocker,
Secretary of the Board of Town-
ate Dec. 1,1955, at ship _Commissioners, will receive
sealed bids until" 8 p.m. on May? 1
for the purchase of 3/4, 1,1
1 %,
1% or 2% street, sewer and funding coupon bonds amounting to
Bond Offering — John C. Ler- $160,000.
mann, City Clerk, f will receive
Dated June 1, 1946! Denominasealed bids Until 10 a.m. (EST) tion
$1,000. i Due $8,000 June 1,
fon April 24 for the purchase of 1947 to 1966. Bids
iwUl be received
general
obligation city coupon only for the entire issue at any
bonds amounting to $110,000, not of the above rates of interest but
exceeding 2% interest. Dated May no bid combining two different
I, 1946. Denomination $1,000. Due rates of interest will be consid$10,000 May 1, 1948 to 1958. Rate ered. Registered as to pirncipal
of interest to be in
multiples of
Monessen, Pa,
'
same
of
^
?°t less than par and ^accrued inThese obligations will be
-al
2*?^ *a.xes
wBmn the taxing limitations imby law upon school districts
of this class. The enactment, at
time prior to the delivery of
the obligations of Federal legislation which in terms, by the repeal
°f. omission of exemption or
otherwise, subjects to a Federal
mcomo ta,X\the interest, on obllga|*oas of "a class of character which
memoes these obligations, will at
the election of the purchaser, re-
heve the purchaser from his obligations under the terms of the
ourSer^to^the^etnrn^nf thf
KSsTtawtad th the h.M
w
The^ temnorart
™
Sd-3ert
opinion
of
Munson of
Townspmf fIrm?
PhiladelphW
and wiU
JL
oniv ** and
thereon^^iU0^^3p^Me withmt authorizing the issuance thereof
^^Wior^aiSa^r texes^ havf b^.^PProved/by fhe Deexcept succession or inheritance close a^ertified^he^ fcJr S2
a certllied Check for 2% of
assessed Uiereo^fimder any presSS*10"16
for
all of the bonds. Registerable as to
principal only, the bonds will be
sold to the highest responsible
bidder subject to the approval of
the authorizing proceedings by the
Department
J?1C*S. w
any
,
Ridley Township (P, O, Folsom),
Pennsylvania
■par, plus a premium of 3Y4%; said
premium reducing y4% each year.
% of 1 % and must be the
sai(* iobligations^,-^t pa^ .abC acc^ued interest at any, time on or
^g. 1, 1946, upon 48 hours
Bate of interest to beJn
P
one-eighth of 1%.
subject
opinion
of
proved by the Department of In-
in
1970, $53,000 in
$55,000 in 1972 and 1973,
$59,000 in 1974, $60,000 in 1975,
$61,000 in 1976.J $63,000 in 1977,
$65,000 in 1978, $70,000 in 1979 and
>1980, and $75,000 in 1981 and 1982.
Bonds maturing Jan. 1, 1959 to
*1982, will be subject to call, in
Jwhole or in part in inverse order,
*on any interest date on 30
days'
f}:::
Due on Nov. 1,1946; subject, howto the righj; of the School
issued
favorable
the issuance thereof have been ap-.
,;1966 and 1967, $50,000 in 1968 and
on and
...
,k1(*s
Aor the purchase of
$775,000 temporary general obli^a*10!?8'
and $75,000. Dated May 1, 1946.
^
to
$51,000
,
be received for the entire issue at any of the above rates
?
r\.^es but no bid combining
Townsend, Elliott & Munson, of
different rates of interest will
Philadelphia, and will be deliv- be accepted. These obligations
ered to the purchaser only if and
be sold to the highest vesponafter the proceedings authorizing sible bidder, provided such ,bid is
the bonds are in the
000 in 1953 to
;,ho(tice
the
amount
1948, $25,000 in 1949 to 1952; $35,-
1969,
1971,
interest
character
noted here, it is now purchaser
denomination of
ture Jan.
the
or
purchaser from his
Obligations under ;the terms of the
rbonds to Harrison & Co. of Phila¬
delphia,
tax
class
a
.
Secretary of the Board of
uj1*1* 8_p.m. (EST), on
which includes these' bonds£4yiU,
at the election of the purchaser,
tynhPa,
Bond Sale Details r— In connec¬
tion with the sale of $1,650,000
V
semi-arin.
income
bonds of
«'
—
Will be received by Jacob Ecker-
check
Authority (P, Q• Lewis*
Pa
■
.
The
enactment, at any time prior to
the delivery of the bonds of FedTfor 2% of the face amount of the
eral legislation which in terms, by
Tbbnds, payable to the County the
repeal or omission of exemp^Treasurer.
lions or otherwise, subjects to a
Enclose
AM
from
unlimited ad valorem taxes.
>by the Department of Internal Af¬
fairs.
.
X0Je Offering
taxP*
nnw
nr
hnrnafter
IpvipH
nr
ent or future law of the Common-
Internal Affairs.
of
7,
1 Ar?a?urer-
which .taxes the
•;• *'-•' * Sharon, ^ Pa,
J:
ac¬
Township assumes and -agrees ito ' Bond~ Sal e
Tbe< refunding
crued interest or for "less than all
pay.
The bonds will be: Sold to bonds amounting to $67,000 and
Of the bonds will be accepted. The the highest responsible bidder, offered for sale on
April 9—v
No
wealth,
bid for less than par and
all .of
—
.
yolum
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4481
163
e
Such opinion
to the purchaser
be
existing laws.
.
„
0"t1 be furnished
willbe:iu
wlU
Nq bidg
-
less
Wn5idered' offering- to pay and
c? fnar olus accrued interest, anc
al.
above
cover
offered;
First National Bank*
and $66,000 is to
the refunding
.
..
-
< rv
Maverick County Water Control 1
and Improvement Dist. No. 1
(f; O, Eagle Pass), Texas
;
Bond Issue
>
of outstand¬
ing bonded indebtedness on an
existing dormitory and cafeteria
known as Mayo Hall. The new
dormitory
construction
bonds
CQ.,
McClung & Knickerbocker,
thesprenuum, are
therefrom
specified in the bid.
Bids
.
be
which Delivery
will
desired on forms
Vz %. Split interest rate bids will
accepted, but the rate rhust be
in multiples of one-tenth of 1%,
and no bid will be considered at
less than par and accrued inter¬
furnished by the City,
the
of the bonds will be made at
New est. Enclose a certified check for
Chemical Bank & Trust Co., J the
2% of the par value of the bonds,'
York, on May 29, 1946, and
*at- payable/to the Board of Regents.
successful bidder
shall be obligat
pay
Gaines County, Loop Rural High
take delivery of and ^
unless
Sch. Dist. (P* O. Seminole),
for the bonds on said date,
agreed
Texas'.^'Kj'
another date of delivery is
the,;
i rBbiid issue r^pprov0A-^An ,is-<
upon, between the City.) and,,
it
successful bidder.
In the event sue of 2 %and 2%% construction
the
bonds amounting to $40,000 was
that prior to the delivery of th<
pribonds the income received by pri
approved on March 22 by the At¬
the
vate holders from bonds of ^
torney-General.'
be
came type and character shall
Hallettsville Indep. Sch. Dist.,
taxable by the terms of any Fed¬
Texas
eral income tax law hereafter en¬
Bonds Purchased—An issue of
acted, the successful bidder may,
ed to
,
electioil, be relieved of his
at his
obligations under the contract to
purchase the bonds and in such
case the deposit accompanying his
bid will be returned.
Enclose a
certified check for 2% of the
amount of said bonds, payable to
the City Treasurer.
Tex.
and Defeated ^
Canadian,
,
Voted
following bonds amounting
$104,000 were favorably voted
the election held on March 26:
rhe
to
it
$74,000 sewer bonds,
30,000 paving bonds.
At
the
same
v '
the park
time
bonds
amounting
failed to carry.
$20,000,
to
Colorado City* Texas
Bonds Voted—An issue of water,
improvement and street
improvement bonds amounting to
$325,000 was favorably voted at
the election held on April 2.
sewage
Cottle
County (P. O* Paducah),
Texas ■
Bonds Approved-^An issue of
Vk% and 3^ % Court house bonds
amounting to $121,000 was ap¬
proved on March 20 by the At¬
.
,
torney-General,
•:
Cuero
;>
Indep, School
.
l3/4%
amounting
proved
on
construction
bonds
to $110,000 was ap¬
March 22 by the Attor¬
ney-General;
(•
$00$.
Dallas County Shady Grove Commuhity Sch. Diet. No. 3
(P* O. Dallas), Texas
®OHds Approved — On March
22 the
the
Attorney-General approved
3%%
tion held oh Feb. 27, 1946.
Hamlin Indep. Sch. Dist., Texas
3V2 % series of 1946, school house
bonds amounting to $125,000 was
purchased recently by R. A. Un¬
derwood & Co., of Dallas.
Dated
March 1,1946. Legality approved
by McCall, Parhhurst & Crowe, of
Dallas*.
' '
^
construction
bonds
amounting to $10,000, authorized
at the election held last
August.
East Texas State Teachers Col-
held
authorized
at
the
Bids — In
Feb. 23.
on
/ ' Raymondville, Texas ) •r
bonds amounting to $35,000
Bonds Offered for Investment^.
was
purchased recently by the The Ranson-Davidson Co., Inc., of
Louis B. Henry Investments, of Wichita, is offering for general
Gruntal & Co.,
Dallas.
Dated
March
1,
1946. subscription $300,000 2y2% coupon
Harvey Fiske & Sons,
Legality approved by McCall, water works and sewer systems;;
Parkhurst & Crowe, bf Dallas.
Mullaney, Ross & Cq,,~
improvement revenue bonds, Se¬
J. R. Williston & Co.,
ries 1946, at prices to yield from
Newton, Texas
Allison-Williams Co., and y
:;
Bond Sale. Details ^--.In, connec¬ 1.25% to 2.30%, according to ma*
Dempsey & Cb., jointly '; - J*
Dated
tion with the sale of the $114,500 turity.v < Denom.., $1,000.
For $2,150,000, l*As; and
March 1, 1946. Due on March 1 as
(not $120,000) electric light and
follows: $4,000 in 1949; $7,000, 1950
$400,000, 1S----1--—-—100.057 power system
improvement bonds
and 1951; $8,000, 1952 to 1957;
(Net interest cost 1.20639%.)
to the Ballard-Hassett Co. of Des
Moines, as noted here, it is now $9,000, 1958 to 1961; $10,000, 1962
Kidder, peabody & Co.,
reported :by. the City Secretary, to-1966; $11,000,1967 to 1969; $12,*'
JOhri NuVeen & Co\, ^
that the; bonds were sold as fol-: 000, 1970 .to 1973;. $13,000, 1974 to
White, Weld & Co., ■
lows: $78,000 maturing Jan. 15, 1976, and $14,000 in 1977 and 1978.
Alex. Brown & Sons,
Prin, and int. <M-S) payable at.
$3,500 in 1947 to 1951, $5,500 in
Newhard, Cook "& Co.,
the Chase National Bank of New
1952, $6,500 in 1953, $7,500 in 1954
Mackey, Dunn & Co.,
to 1957, $8,500 in 1958 and 1959, York City, or the First National
Boettcher & Co., and
Bank of Raymondville, at the op¬
$1,500 in 1960, as 4*4s, and $36,500
J. R. Phillips Investment Co.,
tion of the holder. • Legality ap¬
maturing Jan. 15, $7,000 in 1961,
Houston, jointly,
proved by McCall, Parkhurst &
For $2,550,000, 1 y4S-—100.40 $8,500 in 1962 and 1963, $9,000 in
Crowe, Dallas, and by the Attor¬
1964, and $3,500 in 1965, as 33As.
(Net interest cost 1.2192%.)
ney General of the State of Texas.
vH'i •••"•?• ;-v-'
■
V-;
Overton, Texas
■
Lehman Bros.,HH
Sunray, Texas
Bond Sale — The following ^
Glore, Forgan & Co.,
bonds amounting to $100,000 and
Bonds Voted—At a recent elec¬
Stone & Webster Securities
offered for sale on April 6—v.. 163, tion the voters are said to have
Corp.,
p. 1627^-were awarded to the Co¬ approved the issuance of the fol¬
Salomon Bros. & Hutzler,
lumbian
Securities
Corp.,
of lowing bonds aggregationg $137,Estabrook & Co., '
Texas, of Sari Antonio:
000: $64,000 water works; $61,000
Chas. E. Weigold & Co.,
.
.
,
v-
,t
'
City National Bank & Trust
Co., Kansas City,
Dallas Union Trusts Co.,
Dallas,
'
:
Stern Bros. & Co., and
♦
Chas. B. White & Co.,
jointly,
For $2,550,000, iy4s
100.40
were
as
Union Securities
follows:
New
Price Bid
City Bank,
HI New York,
'
-• ,l"
Federal Public Housing Authority
Numerous Local Housing Units Seek Bids on
•
Corp.,
Milton R. Underwood &
Co.,
jointly,
<-:• "
For $2,000,000 iy4s and
V
$550,000 Is
.—100.20
(Net interest cost of 1.18069%.)
Lazard Freres & Co.,
B. V.Christie &
! jointly,
For
Local Authority
jfe;'
•
Y
15-27-1947
380.000
5-27-1947
5-27-1947
5-27-1947
,
5-27-1947
I 2-25-1947
170,000
4,457,00Q,V ^ 5-27-1947
1,047,000
5-27-1947
461,000
*^'5i27-1947
519,000
446,000
5-27-1947
5-27-1947
5-27-1947
619,000
182,000
———
5-27-1947
$14,545,000
(Net interest cost 1.242%.)
-
Son & Co.,
& Co.,
Inc., and
R.N. Eddleman & Co.,
R. J. Edwards,
jointly,
$500,000, iy2S, and
For
-,100.04
{Net interestco^t h?95%,,.
on
April 9.
For details see next
(Notes dated April 30, 1946 and maturing as indicated)
Authority
•'
Amount
A.
:
?
Uolyoke, Mass. w™.—--1,060,000
Houston, Texas
2,300,000
Lakeland, Fla.
—v
194,000
Los Angeles, Calif. (City).
-—. 14,136,000
Mesa, Ariz.
223.000Y
Mississippi Reg. No. 1 (Tupelo)—454,000 .
Mplin^vllh
;
Montgomery 'County, Pd——
Texas New
Orleans, La
Bond Election Held—An issue Rock Island, 111.
of construction bonds amounting Seattle, Wash.
to $200,000 was submitted to the
voters at the election held on
Humble Indep. Sch. Diet*,
sold
BrownwOod, Texas --.V—————I'
$335,000
Burlington, N. J————
397,000
Camden, N.
1,446,000
Greenville, S. C.-—
420,000
Hamtramcki Mich* -—1,356,000
Co., Inc.,
Miller, Kenower
were
page.
Local
W. H. Newbold's
•
5-27-1947
2-25-1947
4,399,000
1,091,000*
i—
-
NOTE:—Issues below
$2,550,000, lJ/4s—100.098
.$2,050,000,
The
930,000
2,327,000
1,365,000
Co.,
Braun, Bosworth &
C. F. Childs & Co.,
housing
Maturity
$112,000
City, NY J—————
Contra Costa County, Calif
Dallas, Texas
—
Denver, Colo. (City 8c County)Dothan, Ala..
—
Hartford, Conn..
—
'
& Co.,
A. G. Becker & Co.,
Pittsburgh,
Graham, Parsons & Co.,
local
Amount
v
^
Atlantic
Tarrant, Ala.
Co.,
B. J. Vanlngen
Daniel F. Rice & Co., and
15
loan notes.
-Bid Opening April 30, 1946
Fox, Reusch & Co. and
First National Bunk, Chicago,
Mellon Securities Corp.,
temporary
——————
Kerner,
Wm.E. Pollock &
$14,545,000
Pittsburgh, Pa. Wi
———
Sacramento, Calif. (City)
Sacramento, Calif, (County)—
—Selma, Ala.
———
Southwest Georgia Reg. (Thomasville)—Superior, Wis. ——————
Co.,
Barcus, Kindred & Co.,
Lobdell & Co., and
of
—
Close &
Keen,
total
Johnstown, Pa.
King County, Wash.——
Strdud&<5o:p
Rambo,
a
$14,545,000 Tempo¬
been invited by
(Notes dated May 21, 1946 and maturing as indicated)
Y
York,
Francis I. duPont &
Loans—Sealed bids have
-
.,
Pomeroy,
■*. ^
Trust Co., of Georgia, Atlanta,
Weeden & Co., •
UNITED STATES
shown in the tabulation below:
Stranahan, Harris & Co., Inc.,
A. C. Allyn & Co.,
$
Kean, Taylor & Co.,
Hornblowfeb & Weeks,
National
system sewer system, and $12,000 city hall
$1,000. and fire station bonds.
sewer
Denomination
dates, maturities and other details of all of these note offerings are
1
Bidder
bonds.
authoritiesv for
syndicate headed by Smith, Bar¬ Kebbon, McCormick & Co.,
Cruttenden & Co., and
ney & Co., was second high bidder;
on
a
1.151% basis.
Below we Neuhaus & Co., jointly,
For $2,550,000, 1%S
show the other bids submitted for
—100.267
the bonds:
(Net interest cost 1.229%.)
Other bidders
$75,000 water and
rary
issue
our
?634>O0O! dbrtnitdry;' cdnstrufctiofy Hempill; Noyes
Co., f
»*
Series
1946
bonds.
Dated First Natl Bank, Memphis,
April 23, 1946; ? Due on Oct. McDonald & Co.,
23, as follows:' $31,000 in 1947 Bacon, Stevenson & Co.,
to
1952, and $32,000 in 1953 Fort Worth National Bank,
—
*
-
^689,000,
583,00(5
480,000
1,060,000*
1,434,000
,
.
Maturity
5* 6-1947
5- 6-1947
5- 6-1947
5- 6-1947
5- 6-1947
5- 6-1947
5- 6-1947
5- 6-1947
5- 6-1947
5? 6-1947
5- 6-1947
6-1947
5-6-1947
2-25-1947
12-25-1947
2-25-1947
1966; with the option of Dittman & Co.,
'$26,567,000 J, '
redemption four years after C. Edgar Honnold, and
April 6.
Public participation in the temporary financing of the USHA
date of
issue, at a graduated McDonald-Moore & Co.,
La Grange, Texas
premium of not to exceed a
program which is now being administered by the Federal Public
jointly,
Bonds Soldi—It is stated by El¬
total amount of 3y2%.
For $2,000,000 1 y4s, and
mousing Authority with all the powers, duties and functions for¬
vira Sexton, City Secretary^ that
$550,000 Is—.-——----.100.108
merly exercised by the USHA, was initiated about five years ago,
'00 000
$225,000 2% semi-ann. water
refunding, Series 1946 (Net interest cost 1.18777%.)
with the first sale of local authorities' notes. In all, $2,162,467,000
works revenue bonds have been
bonds. Dated April 23, 1946.
Harriman Ripley & Co., Inc.,
Due $28,000
sold locally. Dated April 1, 1946: of these/notes have been placed through public competitive sale. Of
Oct.'23, 1947 to Blyth & CoM
•
*
•
She also reports that $53,500 1%%
1971, with the option of re¬ Mercantile-Commerce Bank
this total amount of temporary loan notes sold, about $1,932,927,000
semi-ann. refunding bonds, Series
demption, four; years after
& Trust Co., St. Louis,
have been retired and there are now outstanding approximately
date of
1945, have been purchased by Russ
issue, at a graduated Lee Higginson Corp.,
With part of. the funds thus /Obtained, each Local
& Co. of San Antonio, as follows: $229,540,000.
Premium of not to exceed a
W. E. Button & Co., >
;
total amount of 3%%.:
$23,000
park; $16,000 sanitary Housing Authority will retire its maturing Temporary Loan Notes,
Eldridge & Co.p;
| . :i, % drainage and street improvement- if .any, and will repay to the FPHA ail moneys already advanced to
flrm
?e ^ternative sale of $700,- H, V.* Sattley &*Co., $8,000 sewer improvement, and it with accrued interest. With the remainder, it will meet the cost
Z" bo.nds offered' $634,000 ;in A. W. Snyder &Xo.,
water
main
extension
$6,500
of construction, of its FPHA-aided projects.
mitni? ls~the same as the Dor- First National Bank, ;
.
Dated May 1* 1945.
bonds.
t°ry Construction
' :'|
:;
rIssue, .first ■.Minneapolis,
-
election
ing
of First Boston Corp.,
March 18, page 1492, we reported Northern Trust Co.,
Chicago,
the award of $2,550,000 various
bonds to Phelps, Fenn & Co., New E. H. Rollins & Sons,
York, and associates, at a net cost R. W. Pressprich & Co.,
of 1.147%, and the fact that a Illinois Co., Chicago, '
Other
lcge(P, O. Commerce), Texas
Louis B. Henry Investments,
Bond Offering — Sealed bids
Dallas, jointly,
wlU be received until 2
For $2,550,000 iy4s
p.m. on
100.809
g?*1* 26, by S. H. Whitley, (Net interest cost of 1.18776%.)
President of the Board of Re¬
Halsey, Stuart & Co.,
gents, for either or both of the
Blair & Co., Inc.,; -t
following issues of bonds:
Geo. B.' Gibbons &' Co., Inc., -« ♦
to
Dated Jan. 15; 1946. These bonds
were
Mineral Wells, Texas
Bonds Purchased—An issue of
series Of 1946, 4% airport refund¬
(Net interest cost 1.2192%,)
Houston, Texas
Dist,,V(e^as
Bond Issue Approved—An issue
of
Rauscher, Pierce & Co., Of Dallas,
jointly, at a price of par. These
bonds were authorized at the elec¬
jv/ I
v/
tions' $1,000 and $500.
Due
Jan. 15, from 1948 to 1951.
'
$98,000 was purchased recently by
Russ & Co., of San AntOnio, and
Bonds Purchased—An issue of
TEXAS
BondS
construction- bonds / amounting to
.
25,000 hospital bonds. Denomina¬
ApprovedpAn issue
refunding bonds amount¬
ing to $50,000 was approved re¬
cently by the Attorney-General.
bf 4%
be
$5,000 Jan. 15, 1952 to
1966.
„
be
in£
Due
.
J. M. Dain &.
Moroney, Beeissner & Co.,
11' bids must be ;/ unconditional were authorized at a meeting of Jointly,
be
The award of the bonds will
the Board of Regents of the State
For $2,550,000, iy4s.lowest
100.589
made on the basis of the low
The Teachers Colleges of Texas, held (Net interest cost 1,19%.)
-■
net interest cost to the City, shall in Austin on Feb. 8 and 9, 1946.
Shields & Co.,
interest cost on said bonds
the
Bidders are invited to name the
Laurence M. Marks & Co.*
He determined by aggregating
rate of interest the bonds are to
over
Commerce Union Bank,
annual interest requirements (
deduct- bear, not exceeding, if possible,
♦he life of the bonds and de
"Nashville,
if 2
any,
2067
-
•
-
-
'
.
nI:|;
fife-
ji
total
m
rary
$26,667,000 local unit tempoloan notes offered for sale on
^April
9, :
yP; notes
was
IE
group of banks
the National City
a
IE;
which includes
Bank, Bankers
ft/;
4
mi
Trust
Co:, both of New York; Bank
§ of America National Trust & Sav¬
kfrh
*i
>
tffev
ings Association, of San Francisco;
National Bank of Detroit; Union
Trust
Co., of Pittsburgh;; Brown
Harriman & Co., New
Trust Co.,
both of New
Brothers
Kir/
York
$■}.
York; Northern Trust Co., of Chi¬
National City
Bank, of
Cleveland; First National Bank, of
St. Louis; First National Bank, of
^ Boston; Riggs National Bank, of
Washington, D. €.; First National
Bank, of Portland, and
many
'banks in other .cities, asv. follows:
cago;
ft
pj
'i-M
,
k-i
I®i
i' M
$14,136,000 Los Angeles Housing
Authority, Calif., notes, at 063%;
and $335,000 Brownwood Housing
Authority, Tex., $397,000 Burling¬
ton ^ Housing
Authority,
;
•
m
5#
$194,000 4 Lakeland Housing Au¬
thority, Fla., $223,000 Mesa Hous¬
w] VL v
*,f'J
ing Authority, Ariz., $454,000 Mississipi Regional Housing Authori¬
#11
s*
hi
*•
till
ty No. 1, and $£80,000 New Or*
leans
Housing. Authority,
La.,
The
from
.
gineers
and'attorneys, conducted
the inspection trip.
purchase
....
...
Authorized ^
on
Adhi
loca,
price °f
WheeUr, XVi..
tT.nmqmr,
.
District No. 4051,
t.HenryBoyd andR. M.Schmidt of
Creighton Riepe
Fearsoh/ Alex. Brown &
Sons; Paris: Scott^Riissell^ Jr.^of
Blyth & Co.; J.
and S. B,
-w»
issue of
mi.
wcipal building bonds amounting
to
$1,00.0
the
was
favorably
voted
filectfon held ori April
at:
2.
UMi# i
I
,
Nos. 51
Clore^ Forg^ri^ XS^;;F, iKenhoth Ordiriated* efforts of'42 municipali¬
Stephenson, Groldmuu,. Sachs ? & ties' and the. Washington State
Co.;
Barron
Rockwell, Halsey, (prpyernment, u program has been
Stuart & Co.; Winftold F. Step¬
developed for
^cphsto^c^dn (pf
Hemphill,
modern
Noyes & Co.; Frank H. Morse add
other representatives of Lehman
treatment
sewage
costing
plants
than $20,00.0,000.
I The American Public Works As¬
more
sociation reports that
is
directed by the
State Pollution
sion
Co.
^Alberta: (Province?, of
\rruvmce
otJ
)
mucin*
I
^
Expects $3,658,152 Beficit-Al
berta's 1946
budget, submitted bv
Premier Manning to the
rLegisfil .!«
turo,r calls - for n expenditures of
the program $32,931;325:to too 1946-51947 fiscal
Washington jman -ahd^contemplates" a deficit
Control
Commis¬
created
by the Legislature
year with, a $125,00.0' appro-;
pf$3,658,152.- • :
.'I: The "deficit is: to;bd
-
.
by re-'
iejwes: nccifointeted ^^in -the war'
mtetionfeThe vftornhiisstotoisbom? year^ghd WBI bhtdnYolve any ad-!
posed of : the> directors tof. five ditional borrowing^ Puri'ng toe
4'The: existence • jot ■"$?■ large r
Williamsburg, Va.
group of public agencies with no
Other Bids—The $35,0,000 water
State departments of conservation, current fiscap year' the
plans in preparation would seem
miums.
f ,,
province:
Works bonds awarded on April 4
Salomon Bros. & Hutzler, of to point to the inadequacy .of the
fisheries,. game, health and; agri¬ budgeted fpt: a-deficit of. $702,284
•y$ 1
to the Harfia Trust
Savings
culture. .yy
New York, Were the successful metho4 adopted to stimulate the
ij; but li oow expects; a surplus of
Bank, of Chicago, as Is, at a Price
MM
The Commission's progress re^ $3.5 millions.
of
bidders for the $1,300,000,. Tweiir planning
p 0 si w ay- public 6f
i
'
100.329,. a net interest cost of
$#!!
'ty-fourth Series, Houston Housing Works;?, .Senator Murray com¬ 0.979%-f-v. 163, p. 1923—also re¬ port disclosed that many munici¬ j The budget represents the big-'
•' v.
'
Authority, Tex.., notes, at 0.58 %, mented.
palities haye already submitted gest demand "onI 4he people's
ceived the following bids:
:S''|
plus a premium of $11.00; $1,plans for the construction of dis¬ purses made by anyAlberta Gov¬
w,,
Bidder
UTAH
Price Bid
356,000 Hamtramck Housing Com¬
posal Systems. Thirty-six Wash- ernment, -buf it, involves'no new
w
Laidlaw & Co., and
taxes. Actual amount to be
ingtorr
frp
mission, Mich., notes, at 0.59%,
voted»
Springville City, Utah
Mercantile-Commerce Bank >' ^ modern communities how have for; the .fiscal year,;
Bonds Called —Glenn Hansen,
sewage disposal facilities,
wib be $36,t
plus, a total premium of $23.Q0;
I & Trust Co<j St. Louis, ;
$1,0.00,000 Fifteenth Series, Cam-, City Recorder,
has announced
pf thps6> six have been ratjed in¬ 926,325, but this includes $3,995,- ';
jointly,*
:
/• - '
den
adequate
Housing Authority, N:. J.; that the 2%%, 2z/±% and 3%,
by v the^ Commission 000 'for; the Albpta Government i
For $25,000, 4s, and
#,
notes, at 0.61%, plus a- premium electric and water revenue bonds,
which; has forwarded recommen¬ telephones. A commercial project,
$325,000 Is
100.01
of
fh.e .telephone system dpes not'
dations forr improvements,
$1660;
$1,060,000
Holyoke Nos: 39 to 150, amounting to $12,;,iy> I
(Net interest cost 1.04%.)
Housing Authority, Mass., $689,000 600^ are palled tor payment ;bn
rfotepsifxeetion of ;W^s^ihgtdn's piake a dtoectVdemand.;oh, th,er
:Moline Housing; Authority, - 111., VTarCh 1,. 1947.
Dated Sept. 1, Bankers Trust Qo., /
pollution probiemsin Puget Sound .phbllc. * 'Chief cdhtributing causes
'
is said: to be due to industrial ex¬ in the deficit are increased pub¬
New York, and
notes, at 0.63%, plus premiums of 194f: Denomination- $1,000. - Due
•
)
lic works and/ teducatiom costs.
$13.00 and $li.00^ respectively; Sept.. I-: as /follows; $10,000 in R. S. Dickson & Co.;" ?
pansion during the Wgr, Although
:
$583,000
Montgomery County 19477 $11,006 Jin 1948 to 1951, $12,jointly,; ^ ;
re-'.
:.
T^ma/hdw dumps raw sewage Rjeflectmg?/a startrbh;Alhei^s
Housing Authority^~Pa., notes, at 000' in l952 to 11955, and $10,000
For $25,000, -4%'s, and
directly into the Bound, a $3,- announced " five *year ^highway v
J
0.65%, plus a premium of $5.00; in 1956. Said bonds may be pre¬
program,
the Public
r $325,000, Is
000,000 bond issue has been voted buidling
fc_100.01
sented at. any time at the place (Net interest cost
$446,000 Fourteenth Series, Cam¬
recently .for new xewnge facilities, Works Department Will get $3,-;
1.045%.)
den Housing Authority, N. J., and wh^e
In .Seattle, conferences
U>\
iheyiaye^^ payable by their .F. Ws
pf clty of¬ 905,681 'frbm income account and i
Craigie &
$420,000 Greenville Housing Au¬ terms ur .to. the First Security
ficials / and; ponmjissipbers 'hiave $5,712,438 from capital account.
Trust Co., Salt Lake City, and re¬ |Netinterest cost 1.07%.)
thority, S. C., notes at 0.66%, plus
resulted in plans for pollution Total of $3,362,840 Was earmarked
a premium of
■■M
$4.00 on each issue. ceive payment in full of $1,000 for C. F. Cassell & Co.
pontrol construction..
foi^^^ highway /constrikifon, an in-,
' •
/
*w'j r
(v
The Central Hanover Bank' & each. $1^000 hondK plus a premium
Ppllutioii fcdntrol in the Colum¬ crease; of $2.3. millions over, last;
(Net interest cost 1.076%.)
My,
Trust Co., of New York, was the oL $10 plus, interest in full to
bia River- is beingj effected by year." Grants to schools are te.t;
Mason
successful bidder for the $1,060,- March 1, 1947, on which date in¬ Scott, Horner
joint action of Washington and at $3.7 millions, an' increase .of;
(Net interest cost 1.078%.)
If presented for
000 Rock Island Housing Authori¬ terest ceases.
Or ego,n.
On the Oregon /side, $568*,000.J "
fgg ;
■w..
payment prior to Sept h 1946, Halsey,' Stuart;■&
ty, 111., notes, at 0.60%; and the
Portland lias started the Columbia 1 Mr. Manning annouhced a vig-/
Co., and
the coupon due
$1434,000 Seattle Housing Author¬
Sep.t:l, 1946, and First of Michigan Corp.t
River cleanup with funds from a ^tbus goveri^ent/polfcy bf pro*/
all subsequent coupons must be
ity, Wash., notes, at 0.61%, ~
moling; industrial
development.
I jointly^
recent $12,000,000 bond issue.
H. W. Pressprich & Co., of-New attached to ssid: bonds, / and if
Abi industrial; • development my
P For $35,QA0, 3s, ajid
presented tor payment dftor Sept; :; $315,000, 1.10s
WISCONSIN
"
,JYork, were the successful bidders
potation will he established!
;
—,1
>100.089
for the: $1,000,000 • Twenty-third 1, 1946, the, coupon jiue March. 1, (Net interest
cpst l,ld%.)
powebiQ^^/is^ /(tobentmes) up to.
Amherst, Wis.
1947, -.and'-all- subsequent coupons
Series, Houston Housing AuthorShields & Co.- and
:
ypted -r Tbe following $5 millions. Bonds will be issuedity, Tex., notes, at 0.62%; plus a must be attached to said bonds.
Coffin & Burr, jointly,
by. the corporation and backed hy i
premium at $17.00. %
mortgage revenue bpnds amountr
h
*
For $50,000, 1$,. and,
VERMONT
the Government. The corporation
i"v|
mgtp. $265,000 : were favorably
United States
$300,000;
100:20
Proctorsville, Yf,
Federal Works
ypted at the election held on will, not be restricted' to sale of
".fta ■
Agency Reports
Bond Sale — The water "bonds (Net interest cost 1.22%.)
debentures in the
| on Advances Made for Public
April 2:
Pr?whce.
' v
\' 1 J ^
,
Works Planning—Less than half amounting to $75,00.0 and bffered
WASHINGTON
| Progress in the debt reorganifor galelqd^iH
$100,000 water works bonds.' 463, p. Iif2$ 'L:/
of the
zation program was outlined. Be-1
$30,000,000 appropriated ftff
—were .awarded, to Robert Haw- Port of fort .Angeles (P. O. Port
1100,000 sewage treatment plant
■ft if
advances, to State and local gOyoehtUres-and stock Amounting to *
kins & Co., of Boston, as l%s, at }
Angeles)* Wwht
} y
-1;
bonds;
: ]■
ernments for public works
;j|;/
-bit '■ 95;28%^bi the
plan-1 a
price of 101.25, a basis of about I Additional Information ^11 is
*]
\
Black Earthy Wis. ■.
nihg had been disbursed as of
$ 119)253,109* total ' invo^ted iif the
■;" %;
<■*/
1.608%, Dated May 1, 194$. De- ljiow reported by the Manager of
Pec. 31, 1945, ij was revealed re¬
yetedr—An issue of water Scheme, hay a been deposited.
nc»nta8tto $liTO,: These bonds toe Board of Cpmm^sioners that
!
cently^ a report oh the statusof are due
^Treasury branches were re¬
from 1947 to 1966. The toe $175,000 terminal bonds sold
to $80,000
advance planning for
non-Federal other bidders
was favprably yoied ported to have yielded fb,eir first
tjo the National: Bank of Com¬
were as follows;
at the election
public works,' issued by the Fedheld on April 2.
surplus. Deposits from the public
Bidder:;
;
^Tv/
Price Bid merce, of Seattle, at a net inter¬
>'t "
era! Works Agency.
at the end of January reached
est
mAdams Utown Bbrp.,
cosf of about 1:15 %—v.; 163, ||. v Fennim<?ref YYi$, \ '';y ;.
"This survey; made by the Fed¬
4*'
ftom 0|>eratJdns /
p. 1923-~were awarded at 'pa^is- | ..Bonds ypted*-*ALn issup of mu¬ $22,090.
Burlington,.
eral Works
Agency at my: re?
m
toliows;' $104,000 as: Is, due on nicipal memorial building bonds totaled $,8Q4,000 which will ussdre
For
100.05
•Vk!5quest," said Senator James E.
a
s.urpfus pyer'; operatiohs
May f : in: 1948 to 1956r the to- mnounting to $85,000 was fayorm
Tyler & Co.; :
Murray (D. Mont.) Chairman of
a\
ably voted" af the election held on maintenance costs.
"
For 2s
toatotog .$71^000 as,l
due from
^-^-100.33
«
the Senate Small Business Com¬
May 1, 1957 to 1961. Interest: pay* April 2. ' /, r \ y
mittee, "discloses that the reserve
VIRGINIA
MI?
able M-N.
ONTARIO:
,
S
Second-best bid was Grant County (Pm - O.
Lancaster)t
.|k
/shelf of planned public works
an ^fer
Etobicoke: Township (P- &•
by toe Seattle First Na/Karapfon Roads Sanitation Pisjt*
Wisconsin
/pj-v xjfalls far short of that which,
tional Bank, and
wto
Islington), Ont.z
Assbciatos, bf
Tntod -r" The following
be needed to utilize the
potential
If/:;
Bond
Bond : Sale *1-The 2%
Financing Imminent- 100.91 for the entire $175,000 as
pubjic
■?
^onds . amounting to $2,61.8jioo
supply of manpower and materiLehman Bros,:, and' Hemphill, iy*s.
Were favorably Wote4 at tbe elec- scljibp); ^nd •' istorm iewer bonds
als.'
Npyes & Co.; bbt^ of
Uon held on April 2:
amounting ^0 $146,776'^>
Ne^ Y^
Seattle, Wash.
y
Title Y of the War Mobilization
UT
have been retained as fiscal
fered for - sale on; Aptil
lp. *
Streamlined
agents
City Chart e r
series D bonds..
and Reconversion Act of
1944 pro¬ t>y
tod Bistrict Commission tp
py 1923-~were awarded to Fair2,100,000 series. E bonds#
vided for a program of
ha$;tadopted';a
advance render; expert adyice. in connec¬
clptoto & jdo:i of Totonto, an<i As'" |
pew, city ' toiter " toat tocreases
La Farge, Wif.
planning for public works to be
tion with the
if
\
•
notes,, at 0.66%.,
Plus small pre¬
i
.
■
.
■
-
»
,
1
,
%
4-
'
-
^
^
i?
,
,
.
.
.
„
.
.......
.
—
>
• ■
ft
l
,
f
.
...
■
(
,
:
.
.
...
■
<
.
;.%/
'
.
.
1
'
Svvy
$518,000
^aipto^r^Seattle.
administered by the Federal Works
proposed issue of
j Bonds Voted-r-An
$bciates7|ft|;^^i^
issue of vil¬ basis
<>i
a./
v/1.387%. ; These
system; reduce frequency of lage haU c
Agency. Public Law 296 of the Wil
p| ft n e t i on bonds bonds" are due on April 34
.portly be:bffered;for sale aj; elections,
|
79th Congress authorized the Fed^geperaf provides ^mounting to $15,000 was favor7.
competitive
bidding. The issue a more streapdihed
j.947 to' 19567
eral Works Administrator to
municipal ad¬ ably voted at the
ad- was approved at an
election held on bidder was Nesbitt, Thomson &
election held
ministration,.
'
April 2, \
y
C6,;at .a price of 103.302.
J6^500,00p
revenue
bonds; which
merit
about
The-next;hi|he^^
.
,
.
4
c
r
,
„
v
the
a
bo B3; District No, 3672, No.' 40/:''
$nd / unless\ construction of the
project has commenced. The form Brother; Robert T^Veit; Shields
of the advance has uhdoubtedly is Company;' Ralph M« Winter
operated to keep the smail gov¬ Stranahan,. Harris & 'Co.and
ernmental unit from participating George Kountz, B. J. Van Ingen &
in the program.
-
Canada. (Dominion of)
Bills Sold—Aji
issueof treasury'
bills amounting to
$75,000,00.0 was i
sold on March '29, -at an
Washington (State of)
averasa
yield ef 0.37i%. Dated March
1 CRies- Join in - Sewage; plan
29
Program—As a resulf of the cb- ^946 and due on June,28,
194fi. " '
bonds:
Who participated to^he trip Were:
even;, though the loans, bear no
interest and do not fall, due until
to
is, 1945
Wis.
/Bond? Vi?te^Ai>
Xpply on the following matured
Among those
hens and Paul Omer of
2,
asjtv
[Seattle Lpcfil Improvement Pist.
vNa* 54411 Wash,, ■
j
tho-data necessary to a complete j. Bonds CaHed—H. L. Collier,
City/Treasurer, called for pay¬
understanding of the bond issue. ment on March
28, at his office,
Reid
W; Diggs, Manager,' and
the above District's bonds NoS. 45
Charles B. - Bortond,r'ChairoWn^
to 51.
Interest ceased on. date
the Commission, as well as en¬
called. Cash is also available to
surv.ey
.
■
of
all
officials
commission
simplified
Merrill,
l^ond - Purchase
The City was
authorized
Id ch&t'torBwas last revised* in
89,6.
make an
On the ground inspection of the
proposed project and to obtain
$961,144,000.
in
haseplegy, the ^^ American 1 MuicipaT Association^^ reports. > The
tered plane, in order to
i
f :
r4
cQvered a total M
33,990 governmental units; only
8,272 of which submitted detailed
reports.
Of the units reporting,
4,883 had ho plans for:. public
works projects in preparation. Of
2,911 counties: surveyed, i,2Q2 re¬
ported no plans.
Sixty-si:*: per¬
cent of the; cities7 and towns of
less than 50,00.0 population report¬
ed no plans.
; One of the difficplties encoun¬
tered thus far, the report indicates,
has been the legal objection to the
acceptance of advances from the
Federal
Government, as; loans,
'
is" 'writton
^nd
ering the issue.
In this connec¬
tion, a group of bankers left from
New York on April 12, via a char¬
works in the estimated amount of
Monday, April
; The new Seattle- chartei\is Just
about half as long as the old .one
It is believed that
1942.
banking groups have been
formed for the purpose of consid¬
I The report shows that as of the
end of 1945, plans have been com¬
pleted by the states and their po¬
litical
subdivisions
lot
public
block of $16,219,000
awarded to The Chem¬
a
.
ical Bank & Trust Co., as head of
'
in July,
five
funds for non-federal pub¬
agencies to aid in the prepara¬
tion of plans for their postwar
public works:
Public Housing Authority
Housing Notes Awarded—-Of the
mi
$
jS.
vance
lic
Federal
"
it
THE COMMERCIAL & FINANCIAL CHRONICLE
2068
tl
•
@FedFRASER