The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MONDAY
ommetcuLl an
Reg.
Volume
Number
161
New
4377
U.
S.
Pat.
Office '
Price 60 Cents
York, N. Y., Monday, April 16, 1945
a
Copy
General Corporation and Investment News
RAILROAD
stockholders
will
vote
share
changing
on
to
$10
the
value
par
of
common
three
shares.—V. 161. p. 761.
new
shares
stock
held on April 17
stock from $25 per
be
to
each present share to be exchanged for
sha.e,
per
meeting
annual
the
at
two
Split-Up Proposed—
Acme Steel Co.—Stock
The
PUBLIC UTILITY
-
|'V
and
Vice-President
the
of
Eclipse-Pioneer Division
161, p. 457.
of
was
Aviation
Bendix
'
/
'
" >
i
'
i
•
«
■'
•
,
"
•••*
,
'
•
Net
irom
Net
ry.
•
»/
'1
-
1
•'
.
»_!
Vice-Presidents,
Assistant.—V.
and
160.
p.
W.
Dougherty
R.
shares
two
has
of
been
,
made
2753.
163,048
134,768
127,947
67,265
71,940
44,578
adm., research & gen. exps..._
Selling,
Profit from operations...
provided
res.
Issue
$239,498
1
'
,'.
New
York
**
Exchange
'/;■■
Gross
from
Net
ry.
—i_™^.'.
income
—V.
856,809
747,105
643,083
275,130
252,499
159,562
143,586
146,820
132,688
Stock Exchange
New York
Curb Exchange
489,683
319,058
85,386
income
oper.
Baltimore
1417.
161, p.
Stock
Boston Stock
Dispose of Its Realty Hold¬
Allied Stores Corp.—May
ings—
203,364
$8,246,260
Net
Excess
and
surtax
profits taxes
1680
r_
cities
practically all its real estate and conduct its stores on a tenant basis
in the same locations, it was reported on April 6.
Land and buildings
involved in the plan have an estimated value of about $16,000,000.
/
The motive behind the plan, it was said, is to correct a dispropor¬
tionate investment innreal estate when an organization of this type can
in its merchandising
probably use the capital to much better advantage
business.
'•
■
'■/.
.■
Department stores have been pressed to maintain inventories during
war, because of scarcity of goods, but it is explained that they
the opportunity for substantial replenishment of stocks when
the ban on civilian goods production is lifted.
The 30 store companies embraced in
the Allied .Stores system have
combined sales approaching $250,000,000 a year.
The chain includes
the Jordan Marsh Co. and the C. F. Hovey Co. in Boston; O'Neill & Co.
envison
Baltimore, and the Bon Marche in Seattle.
Pomeroy's,
vania
The
cities.
'/■■■•
1686
Exchange____J.
Utah
in
/
and
estate
would
the
payable at
portion of the proceeds from the sale of real
Allied
retire
to
its
Stores
issue
$3,818,000
The
debt.
4^2'/«
of
company
on
obtaining
notes
$2,500,000
debentures,
borrowing $4,000,000 from two banks on
funds by
rate of $300,000
the
the end
at
1688
Investments—Subs,
1688
year
a
for five years
and
Toronto
Stock
published balance sheet showed long-term debt of $20,430,000
(New York "Sun,")—V. 161, p. 665.
America National Trust & Savings Association, cotrustee, 660 South Spring St., Los Angeles, Calif., will until the close
The
of
of
Bank
business
of
which
the
1945,
19,
receive
bids
for
the
sale
to
of
it
be
higher than the price at which the bonds may be
at that time in the open market.
Accepted bonds must be
the
of
hands
co-trustee
later
not
than
the
close
of
business
Reserve
Louis
Victor
A.
Gear
aviation
Vernon,
Traxel
has
resigned
of General
Division
April 15.—V. 161,
on
pioneer,
General
and
Vice-President
Mr.
has
Traxel
p.
who
will
become
Assistant
Personnel
as
Motors Corp.
Director of
Saginaw
and will assume his new
'r
/
:
Frederick
the
Norton
H.
ACF
Sales
been
has
Department.
York.—V. 161, p.
appointed
He
will
Assistant
make
his
Vice-President
headquarters
in
1533.
stock
Bantam
Car Co.
—
To Make
Offer of
Ex¬
Int.
A
of recapitalization, approved by the directors, will be sub¬
to stockholders at a special meeting on June 25, Francis H.
plan
mitted
Fenn, President and Chairman, stated.
Under this plan,
convertible
preference stock will be offered two options,
exchange
or
for
holders of
either to
shares of common stock,
share of such stock for 4Vs.
share of 6% cumulative prior preferred $10
each
one
par
stock and
Exps.,
Prov.
of Federal
7,074,313
MUNICIPAL
Banks of
incl.
Securities Co.—-Earnings-
European
miscell.
inc.
24,598
33,661
35,177
$157,291
$140,486
$153,577
30
BROAD STREET
Telephone-
HAnover 2-2600
NEW YORK 4, N. Y.
Bell Teletype: NY 1-573
7,644
9,500
10,000
19,000
$121,802
$105,822
8,469
7,575
$121,023
in
and
gains
The
and
actual
losses
permission from the
to
cost
delivered
bonds
and
on
Dividends paid on preferred stock totaled
$73,410 in
assets
"reserve for possible losses on
of the securities, identified by
against sales, was used to de¬
securities sold or redeemed.
which was charged
1942
securities.")
certificates
1944.
,
(2)
$73,245 in 1945
the
After providing for all known liabilities,
securities of the company,
based on market quotations as of March 31, 1945, amounted to $11,529,250, equivalent to $236.11 per share of preferred stock and, after
deducting the outstanding preferred stock at its liquidating value of
$100 per share, to $18.75 per share of common stock.
net
applicable
to
Assets—Investment
$341,388;
the
outstanding
Sheet,
securities,
March 31,
at
cost,
accounts receivable, $18,963;
1945
$9,432,422;
irf banks,
cash
accrued interest, $22,361; total,
'
$9,815,134.
Liabilities—Secured
$100,000;
pense,
$2,661;
preferred
bank
loan
(instalment
accounts payable, $6,078;
bank loan
(48,830 shares),
secured
stock
payable
June
accrued taxes, $50,912;
(payable
us
an
effective market
1,
place for large
or
small
(
BLOCKS of SECURITIES
which
are
not
readily marketable.
!
inquiries invited
INCORPORATED
NASSAU
HILL, THOMPSON & CO., INC*
Association
York Security Dealers
STREET, NEW YORK 5
Philadelphia Telephone
Enterprise 0015
-
Bell Teletype
-
New York 1-576
.
1945),
ex¬
1946), $1(000,000;
common stock
^354,500
June
$4,883,000;
1;
accrued
Banks, Corporations and Individuals have found £
120
Telephone
REctor 2-3600
6,164
9,100
17,920
9,043
tax
income
Notes—(1)
Co.—Annual Report—
INDUSTRIALS
45
1942
$118,400
tax.
Kobbe, Gearhart & Company
^
Established 1922
1943
$106,825
17,880
accrued
Fed.
of
sales
RAILS"
''
1944
$132,693
1945
$119,761
accrued™
or
for
$192,429
..1700
System——_—
ELECTRONICS
New
1943, $16,-
♦Computed without regard to net profit on sales of securities in the
of $301,637
(loss of $473,431 in 1944, $163,358 in 1943, and
the plant which has operated at a loss
for over two years, rail transportation might easily be retarded.
During the year, the last of the company's 14 domestic subsidiaries, ;
Electro-Alloys and National Bearing Metals, were absorbed by merger.
Members
$51,099,655 $51,239,038
$18,351,104;
and amortization—1944,
DEPARTMENT
oAllen& Company
7,387,182
10,099,507
amount
if we were to close
Municipal Bonds
12,544,800
'
160, p. 2641.
or
paid
♦Net
1709
have endeavored to secure
FLORIDA & NEW JERSEY
9,800,000
$137,640
ree'd
—1700
reasonable price increase to meet this situation," Mr. Given
said.
"Because the established ceiling prices were not retarding the war-*effort
no
change has been allowed.
On the other hand, it is con-
SPECIALIST IX
___.
827,898
9,800,000
10,371,494
dividends
—1700
a
ceded'that
___,
750,000
12,886,225
Total
demand
June, 1943, we
5,668,442
564,159
1,032,810'
($100 par)
3 Mos. End. Mar. 31—
Cash
necessitating maximum production involving over- .time work, combined with inflexible price ceilings, reduced net earn¬
ings
William B. Given, Jr.. President, points out in the company s annual report.
Citing the case of railroad brake shoes as an example,
Mr. Given said that in one month ten plants had operated at a loss,
while one of these plants has operated at a loss for 32 consecutive ;
OPA for
4,033,715
_
termine
m°^ince
1,282,590
_______
—
Balance
American
change to Preference Stockholders—Has Record Sales—
$3,064,461
225,000
depreciation
392,609.—V.
''
'
.
1,861,060
preferred stock
stock
Heavy
.
$3,065,039
.
Earned surplus
duties
v-'f
' '■
Capital surplus,—
1693
—
American Brake Shoe
*
"
:
contingencies
Common
Steering
1193.
'?•
in
5 V4 Vo
Manager.
American Car & Foundry Co,—New Official—
NiW
Other
..1696
and Payable..
Federal Reserve
' '
excess profits taxes..
contingencies
American
Clearings.
Condition Statement of Member
the
to
■*
.
and
;
Rates
Banks
v
Total
Fund
Combined Condition Statement
Inc.—Changes in Personnel—
been appointed Personnel Director to succeed
1,206,699
$51,099,655 $51,239,038
income
Int.
American Airlines,
22,556
Offerings and Sales—1707
Capital Flotations for March, 1945
Foreign Exchange
14,808,102
40,636
i
past service cost of pension plan________
Additional costs arising out of war__
—1695
Dividends Declared
2,468,065
Net
Investment News_1649
on
1945.—V. 160, p. 1625; V. 159, p. 1546.
May 2,
U, S.
.1675
,—
Course of Bank
954,657
1,707,065
2,465,746
amortization
less
Reserves—Tax
Agencies..—1675
Redemption Calls and Sinking
The
1,312,775
389,515
;
assets
♦After
Notices
78,174
452,855
consolidated
Liabilities—
Miscellaneous Features
General Corporation and
125,387
540,766
refund
Accrued accounts
1675
Obligations of Governmental
and
18,074,331
not
Accounts payable
Exchange—1675
Averages
credit
Total
1692
United States Treasury Bills...
income
$292,470.
shall
purchased
in
April
sinking fund bonds to an amount sufficient to exhaust the
No tenders will be accepted at any price or prices
mortgage
sum
Bond
State and City Bond
Ambassador Hotel Co. of Los Angeles—Tenders—
t
and
consolidated basis.
a
.1688
...
3,093
10,105,804
™___™__™_
tax
companies
Patents,
Section—1690
Exchange—Curb
11,020,265
.......
profits
8,316,218
7,541,330
18,301
....
Goodwill
1691
Exchange
Stock
.....
...
Other
__.__.1690
-
Over-the-Counter Markets
of six years.
The last
on
Exchange
Curb
Toronto Stock
'
J
assets
♦Fixed
Montreal
5,197,291
bonds
Transactions New York Curb Exchange____1675
used
be
necessary
Exchange
St. Louis Stock Exchange..
Transactions New York Stock
that a
1 redeemed
March
excess
._i.,
$5,900,378
.
charges
Montreal Stock Exchange
$5,065,433
consolidated-..™,-.
not
1943
1944
•
,4,523,249
...
receivable
accounts
Post-war
two
four Oregon
and
$3.38
31
Dec.
V
Indebtedness of subs,
Deferred
Stock
Sheet,
hand
on
Inventories
Other
and
cities,
South Dakota.
in
one
is understood
It
Notes
1688
cities, one in Colorado,
Idaho
/ /
oh deposit and
1687
Pittsburgh
:
Balance
Assets—
1687
Exchange.:
Stock
$3,111,658
514,500
1,384,366
514,500
1,265,096
$2.77
...
__
U. S. Treasury tax notes™.
1687
Exchange
Exchange
Los Angeles Stock Exchange
Philadelphia
1,350,000
3,690,000
$2,717,174
™__i_™™™_____™_™__
dividends
'
Cash
1686
C. Anderson Stores Co/has a store in Boise
The C.
13
in
E.
A.
five stores.
branches
v
operates stores in three other Pennsyl¬
Troutman Co., in Greensburg, Pa., operates
in Reading,
Inc.,
Stock
1,400,000
1,575,000
1943)
Net earnings per common share
1685
■
the
in
Detroit
$8,151,659
(less post-war credit $175,-
$410,000 in
Preferred dividends
1685
Exchange
Cleveland Stock
earnings
1944;
Common
This corporation,
;
in
94,601
$5,692,175
_
1676
(Bonds)
Exchange
Stock
.
!
earnings
Normal
_1665
Chicago Stock Exchange.
Cincinnati
which controls 30 department store companies in 60
scattered throughout the country, is working on a plan to sell
95,380
.
189,184
Net
New York
railway
railway..
from
Net
1—
.
223,468
Total income
Page
.
(Stocks
longer
no
—$5,980,385
Other charges
(incl. loss on disposal of fixed
assets—$187,605 in 1944; $72,352 in 1943)...
288,210
//-r///
: ■>
-
Stock
years
103,168
_
000
From January
prior
in
4,766,833
7,947,515
4,988,938
5,464,565
t
subsidiaries not consolidated
from
Dividends
Stock and Bond Quotations
80,469
66,672
_
Other
This
1943
1944
sales—company & all subs, (except French
subsidiary)
*
$87,752,250 $89,070,356
Net sales—oompany & its consol. subsidiary...
69,167,768
72,049,110
Cost of sales
.,
58,714,264
59,334,762
required
In
Income Statement
Consolidated
Years Ended Dec. 31—
Net
Certain
1942
1943
$322,869'
MISCELLANEOUS
-
preferred
prior
into
RR.—Earnings—
1944
$376,363
income—
holder
,
E.
elected
' ' i'
.
1945
railway
oper.
the
Teter-
at
Corp.
$419,541
February—
irom
railway
cumulative
6%
of
for
General Manager
*•'"
•
•
Akron Canton & Youngstown
"
Gross
in
'/./-V-:'
n. j.—v.
boro,
,
The
election
the
callable
redemption at $11 a share.
March were the largest in the company's history, totaling
and sales for the third quarter of its fiscal year exceeded
Francis H. Fenn, President and Chairman, announced.
;
Beaver, Mark H. Ohl, A. W. Aspin and J. L. Lcnton have
Executive
He previously
director.
a
and
INSURANCE
-
N. J., has been elected Executive
of Hackensack,
Kenneth MacGrath,
.
at
is
$2,394,000,
John
Associates, Inc.—New Official—
stock.
common
stock,
$6,500,000,
been
Air
of
convertible
is
common
Sales
INDUSTRIAL
-
Broadway, New York 5, N. Y.
t
THE COMMERCIAL & FINANCIAL CHRONICLE
1650
option
warrants, $615; capital surplus, $9,785,010;
undistributed investment income, $2,153,267; net losses on sales of se¬
chares),
$354,500;
curities,
$8,520,909;
total,
Electric Co.
Gas &
American
♦Fed.
$
594,740
8,441,293
1,163,317
14,241,325
13,891.163
697,163
661,711
8,081,064
7,774,867
taxes-
1,710,976
1,361.362
12,795,202
898,907
872,068
10,504,196
;
2,376,742
2,053,720
25,896,179
21,905
16,161
328,768
in
23,839,372
income.-——
247,032
taxes
-——
Operating income
income.-——>
2,398,647
2,069,881
26,224,948
funded debt
600,589
599,846
7,217,425
eastern
which
3,977
49,473
the
Net
35,154
24,871
387,390
754,351
elec.
Other
int.
Bal.
and
deducts.
of
income-
190,258
31,684
1,773,799
323,692
3,584,222
for
stocks-
com,
1,085,810
13,212,639
subs,
Gas
The
Inc.
of
301,719
extensive
leases
on
pipe
Oil
scale
in
Other
fiscal
ended
year
prospective oil
30,
1944,
four
months
provision
of
203.
ended
Jan.
$981,000
31,
and
to
$920,600,
1,085,810
respectively.
Class
1,550,544
2,345,251
inc._
Gas
Richmond
and
301,719
1,085,810
1,550,544
&
Traffic
Retirement
2,345,251
service
car
1,000,000
Interest
capital
on
and
balances
(Cr)—
matured
wages
rents
259,302 '
557,690
1,041,928
41,630,526
48,444,252
1,554,718
422,702
accrued—'
8,891,406
8,421,253
360,379
353.624
13,500
1,135,688
740.611
surplus
Appropriated surplus
350,000
350.000
Earned
——_
&
320,092
54,145
981,718
liability
Other
current
liabilities
Other
deferred
liabilities
Unadjusted
9,763,037
3,076,871
accrued___
$10,986,880
,•
3,573,321
7,688,671
2,891,790
unpaid—
interest
$11,765,574
_
7,005,523
3,124,187
payable—________
payable
unpaid
matured
tax
196,700
7,005,523
stock—_
accounts
Unmatured
tax
accruals.
reserve
81,342,700
1,000,000
stock
128,543,862 140,058,227
1943
taxes
profits
Co.
196,700
assessments
accounts
Accrued
____
Petersburg RR.
debt
and
.
81,342,700
stock
term
476,762,139
.
:
1944
deductions
revenue
excess
7,856,331
476,163,461
_________
A
Long
Light Co.—Earnings—
revenues
income
Federal
4,952,860-
,
stock
Preferred
Co.—Weekly Output—
1537.
Operating
Operating
7,147,147
Liabilities—
Common
8245,000,
n.:
Gas
50,586
4,574.890
debits
Dividends
Atlanta
204,045
50,062
lands
amounted.to
1945,
9,080,347
406,040
_
assets
Audited
9,764,698
receivable—;
assets—__—
Miscellaneous
161, P.
—
2,473.862
19,785.638
„
the
4,176,290
1.757,691
16,561,442
10,595,000
Total
Sept.
*
26,119,933
2,755,703
,
receivable—
dividends
Unadjusted
recent
$
27,224,209
:
________
agents and conductors
supplies
and
current
Deferred
into
from
accounts
and
Interest
at
lines
Basin
receivable
Miscellaneous
•
tax
p.
Illinois
substantial
a
located
bal.
Material
transportation
are
and
„_
Unmatured
and
net
Amer.
acquired
on
the
Net
1943
$
Temporary cash investments—
Special deposits
out¬
the Associated Gas & Electric
Corp. report that the
output of the Associated Gas & Electric group for the week
April 6, 1945, amounted to 133,446,068 kwh., an increase of
3,440,651 kwh., or 2.6% over the corresponding week of last year.—
Company—
Undistributed
is
trustees of
Federal
Electric
expanded
in
wells
Calendar Years—
consol
American
$1,000,000
the
ended
Undistributed net inc.
of
of
electric
12,109,948
11,662,095
985,603
31
389,238,380 373,856,790
18,047,184
26,011,169
V.
1,287,322
Dec.
*
Premiums
com-
stocks
on
retirement
less than
producing
and
Associated Gas & Electric
3,884,099
earned
161,
with
Kentucky,
has
the
for
and
Ky.,
western
for
income
—v.
88,956
281,118
mon
Divs.
24,086,404-
pfd. stocks——
on
something
the
plant
adjusts.—
Reservation
Divs.
Pryse,
company
income
after
39,oW
on
of
acquisition
and
and
years.
It has also
in other areas.
7,210,035
4,206
Interest
Amort,
effect
company
$772,000,
Gross
which
will
is engaged in the production, refining,
marketing of oil and refined products.
Refineries
and
9,974,546
Other
Proceeds
company.
preferred of
Catlettsburgh
12,062,942
tax
prof,
exc.
Other
The
7,041,382
1,199,651
income
the
the balance to be available for carrying forward the com¬
pany's program of increasing its crude oil producing properties.
A. G.
Becker & Co., Inc., is named as head of the
underwriting group.
38,894,969
41,384,550
5%
Sheet,
1944
Assets—
standing,
■
.
121,343,810 113,479,241
3,276,182
Maintenance _____,—589,821
Depreciation
•Federal
$
Cash
present
1945—12 Mos.—1944
$
9,983,099
10,853,974
3,380,114
revenue—
of
Balance
Investments
holders
(& Subs.)—Earnings—
ft
$
Subsidiaries Consol.—
General
Company on April 5 filed a registration statement with the SEC for
40,000 shares of WVU
cumulative convertible preferred stock
($100
par), to be offered initially to present preferred and common stock¬
978.
p.
1945—Month—1944
Period End. February
Operating
Operation
161,
$9,815,134.—V.
Monday, April 16,Si945
Ashland Oil & Refining Co.—Registers With SEC—
48,552
88,642
57,307,162
50,878.577
9,484,511
9,484.511
—
credits
—
Unearned
2,040,435
2,908,302
131,008,961
116.585,565
476,163,461
surplus
476,762,139
—
•
Electric
subs,
Divs.
Co.
from
on
Int.
on
Utility
985,603
pfd, stocks—
11,662,095
8,173
54,165
61,879
341,709
747,296
2,457
36,532
33,840
1,361,212
taxes
and
1,205,769
14,338,176
13,555,931
21,692
17,854
306,865
282,850
1,339,520
Bal.
1,187,915
14,031,311
85,898
88,353
1,037,734
taxes—
57,909
11,295
655,836
140,767
140,767
"
pfd. stock—__
on
income
for
earned
Comparative
Howard
13,273,081
1,689,209
Accounts
post-war credit,
tCredit.—V.
9,949,613
161, p.
Period End. Feb. 28—
revenues
Uncollectible oper.
rev._
.Net
—v.
Customers'
($25
$4,127,642
197,507
1,300,638
week
less
output
ending
than
the
April
0.1%
sponding
of
7,
1945,
under
week
of
the
properties
totaled
1944.—V.
161,
of
p.
for
company
kwh.,
84,953,200
1534.
for
the
The
hae
company
convertible
of
(no
stock
''
The
or
and
F,
.'r
and
pari
50,000 shares of class A
.V Co. is named as under¬
Eberstadt
ol
and
and two companies in which the
company owns 50%
voting stock, Armstrong Tire & Rubber Co. and Lake
Rubber Co., are engaged
principally in the manufacture
pneumatic tires for passenger automobiles
and
sale
&
of
in
i
f
a
the
ernment.—V.
161,
to
)
V.
Shipments
in
have
both
increased
February
President, states in
or
25
cents
the
"The
approximately
each
on
second
backlog
month
March
letter
a
per share
for
added.
and
to
stockholders
the capital
161,
the
three
past
of
1944,
J.
"It
is
expected
iurther
a
at
the
months
C.
accompanying
stock.
quarter will show
of unfilled orders
$9,000,000."—V.
for
ahead
ran
Markey,
a
dividend
that
ship-
improvement," he
end
of
March
was
1310.
p.
1944
income
income
•Earnings
O
653,297
share————
per
During
of
the
of
the
its
common
in 1944 and
the
company
shares.
This
surplus, and the surplus to
of
payment
acquired
stock, making the total
57,050.4
company
earned
1944
year
•
73
on 449,601 shares
stock
that
held in
has
extent
been
is
Balance
Assets—Cash
ernment
demand
on
bonds, $750,000;
Joint
ventures
parts
and
(including
affiliated
and
any
The
by
net
be
remain
at
(equity
investments,
at
cost
Sse^fs f^r depreciation and depletion ><
d8eaorer^HoVableH0Hf $,55 000
paid
for
insurance
of
in
or
paid
for
out
in affiliated
of
the
?ncomT $l02ffir° ,lLnd
exPenseV $11,218;
indebtedness for purchase
wDh? Cq
annual amounts of
$24
0(5
liquidating divi¬
nominal
amount
$5 076 962-
(in-
total,
accounts
Die-
$10,238,660.
payable,
$895,-
reserve for Federal tax on
State and local taxes,
Iese»ve f°r other Federal,
J26,083
<48837"s'fi
com-
at dates of acqui¬
tangible assets
Pacific Constructors,
$6,215,938)
$l2°onJnn-earr' lncluded
'
*reserve *01;
of
stock
affiliated
company
$24,000 (after deducting portion
Inf sundry creditors aforementioned,
contingencies, $500,000; capital stock
HTl: Sis83'75*
of
sur»lu5.
•Federal
structure,
levels.
to
of
the
income
Net
total
Net
161,
1091.
p.
meeting
preferred
Income.
sales
Fiscal
and
Years
Federal
normal
excess
Total
'
income
transportation.
by
the
from
The
last
company
&
expenses
admin,
$2,315,682
808,006
906,284
$1,575,907
profits
the
itself
tax
72,082
surtax
300.000
300,000
tax__
profits
for
per
784.500
800,000
$602,020
$641,394
1
year
share
common
post-war
in
24
on
$7,400,000
reduction
of
year
share.
a
The
capital
$15.67
oi
changes
Corp.,
$13.76
during
1944,
142,696
$85,500;- 1943,
shares.—V.
of
SIOO.COO.
160,
unemployment
19.44
that
be
present
and
Baldwin
Francis
been
not
are
post-war
to
the
of
other
earnings.
gross
normal,
expected
(New
Jersey),
held
President
director
a
161,
by
of
the
the
6,000
than
those
it
and
trans¬
well
as
(employees'
insurance
pensions)
taxes
Bell Telephone Co.
Operating
revenues
states—
compared with
Director—
Midvale
voting
Co.,
trustees
$9,026,819
___
___
share
1944
of
tax
accruals
company's
of
$44,000,000
Income
5,868
7,384
$9,020,951
5,853,625
$8,214,723
5,568,015
11,911,136
1,910,510
1,471,661
4,276,738
3,362,568
$1,256,816
$1,175,047
$2,580,196
$2,427,797
725,550
1,700,475
1.515,949
taxes
13,792
Net
Net
income
operating
income
—V.
161,
815,073
1311.
p.
Baltimore
In
the
1944
the
reports
Ohio
&
annual
largest
RR.—Annual
report
business
Report—
the company,
of
in
the
Operating
also
expenses
increased
materials
$42,552,365'
*.
1,469,141
1,355,430
taxes
revenues—
expenses
1,470,536
1,840,946
has
on
Railway
$44,000,000 $51,250,000
substantially,
Calendar
Misc.
1943
1942
'Net
$
$
$
155,946,298 153,601,015 115,108,820
67,404,253
71,818,383
52,161.189
20.544,803
accruals—
44,000,000
51,250,000
27,900,000
7,650,000
income
oper.
oper.
62,947,631
This
18.112,019
20,568,383
24,261,189
12,894.803
4,439,562
4,863,526
3,065,622
1,813,850
income.
13,672,457
15,704,857
21,195,567
11,080,953
8,360,955
7,380,388
&
from
rentals,
income
Preferred
dividends
dividends
8,081,439
23,786,296
_
$36,484,401,
caused
prin¬
wage
rates
and
costs
time
high
and
were
was
at
were
1943.
Of
and
all
an
total
1944
$10,588,962
taxes,
unemployment benefits.
/
were
This
since
tax
the increased
$20,914,438,
the
B.
O.
&
1940.
or
line
18,461,341
908,200
402,038
399,366
379,621
etc.
5,507.285
5,905,971
6,565.546
6,420,669
16,101,393
17,480,959
22,619,355
11,132,472
9.835
9,835
9,835
9,835
2,470,281
2,470,281
1,646,854
823,427
made
to
65
operation
$9,595,042
264
of
than
Mr.
White
of
with
of
in
during the
permit
of
taxes,
1943.
year
to
Mr. White pointed out,
now
miles
less
made
were
bridges
on
operating expenses and
de\relop
and
im¬
efficient
more
and
road.
equipment placed in service during 1944 consisted of 44 locomo¬
hopper cars, and 64 other units, and delivery is expected
the
emphasized
the improvement
the
since
company
reduction
in
$105,674,469, and
a
1938
outstanding
being
1,000 steel
made
in
the
made in the financial struc¬
modification
debt,
other
reduction
consequent
and
cars
plan
than
in
became
effec¬
equipment
annual
interest
trusts,
charges
$5,085,375.
"
White
Mr.
reported
dollars have been
he
verted
expressed
location
He
that
invested
in
the belief
done by
also
and
of
said
that
industries in
a
the B.
by
its
much
the
B.
&
was
along
of
of
millions
of
the line of the B. & O,
this
Post-War Traffic Development
&
O.
Development
Department
Com¬
in
the
territory.
cooperating with other railroads
and
number of
of
the
he
research projects, pointed
particularly to the
burning steam locomotive, and to improved
the use of electronics.
coal
communications through
conclusion
O.
B.
hundreds
capacity would be con¬
He emphasized the importance of the
& O.'s
in
war
plants
new
that
the
Commercial
industries
new
improvement
In
during
into post-war production.
work being
mittee.
29,565,522
inc._
_
,
1,250
tive.
and
22,010,716
—
being
increase
during 1945 on 44 new locomotives, 1,200 steel box
hopper cars.
Substantial improvements are also
company's communication facilities.
46.859,449
rents
8,338,259
income
deduc.
Common
to
provements
tives,
1941
81,782,633
income
Interest
in
doubled
was
Additions
per
Years
62,112,019
tax
ry.
Total
1943.
retirement
for
the result of
as
income
net
of
Other
than
economical
93,834,279
Equip. & jt. facil.
Net
$48,984,845
than
more
more
ture
Total
in
were
1943.
over
supplies.
at
wages
Largely
2,957,118
revenues—
oper.
J
revenues
1,075,000
$
Net
and
accruals
$2,227,636
1944 than
in
more
White
B.
history.
of
14.56%,
or
4
^
President Roy
company's
38,243,092
1944
Operating
Operating
11,110,740
'
"
,.
Freight revenues were $315,418,567,
and
passenger
$51,308,473, increases respectively of 5.27% and 29.06%
New
for
16,001
$18,768,070 $16,901,105
cipally by the heavier business and the increased
equal approximately $53.44
Statement
"
$16,917,106
rev.
oper.
expenses
stock.
common
Condensed
H.
1945—2 Mos.—1944
$8,222,107 $18,781,862
important coal fields in West Virginia.
—
has
William
of Pennsylvania—Earnings—
1945—Month—1944
1943
3,073,206
—
ft-ivi.'.:
subsidiary,
a
succeed
to
$4,309,273
593,750
——
Mission
stock
Co.,
common
revenues—
Operating
improved
1,471,446
__
stock
1537.
p.
Period End. Feb. 28—
earnings will
hopes to
1,591,336
tax—
Co.
31,
portfolio
common
Oil
Pure
Silver
$3,715,629
(est.)
in
cannot
competitive situation,
(est.)——
Dec.
on
Principal
by the Fund.—V. 161, p. 763.
32,084,097
surtax
share
per
1944.
reductions
Locomotive Works—New
Harman.—V.
earnings were
post-war period.
the
period
31,
were
International
securities
retire¬
surplus.—1
greater
were
Co,
Co.
list of
Bradley,
elected
Oil
Dutch
the
$15.03
March
on
quarter
;
1945, amounted
in
Railway property, franchise, excise, license and
miscellaneous
on
these
competition
Company's
years
in
—_
to
tBased
326.
p.
March 31,
on
with
compared
share
March
Standard
to
this corporation
as
per
the
and Royal
added
Operating
$35,799,726
tax
$4.49
$4.21
credits:
share,
per
and
1944
-
Tax
retirement
235,580
•
$1,811,487
76,093
and
tax
Operating
in
realized
:—
Railroad
$2,482,197.
250,926
The net asset value of
to
Report—
company
decrease
and
Ended
rentals
Axe-Houghton Fund Inc.—Net1 Asset Value—
i
was
April
on
stock
has faith in
Federal
been
$1,507,676
gentral
capitalization
holdings
--'.i
production, processing
In the post-war
period company
locomotives and freight cars, also
adjust
cost
have
$1,758,602
excess
"After
states:
not
war
in
modern
payable
$85,339; fixed assets (after
banks' $500,000;
air
increase.
the
that
taxes
net
($206,238.52), taxes, etc., $215,216;
Sfirwv
with
will
will
will
1943-45
prepared
track
traffic
during
Income
etc., not in excess of cost,
$147,325; investments
associated companies, at cost
(equity in net tangible
rnT°,XhT I $289,000), $271,050; investment in
dend
suTnnn nV " owfned)- at cost- less initial
$150,000, other
leserves
of
the treasury
on hand,
$644,948; U. S Gov¬
receivable, $1,913,863; advances to
and profits),
$616,456; repair
liquidating dividend
in
it must be
which
expected
fees
m
annual
tax
deposit and
$367,500; investment
QU>n', a ,equlty m net tangible assets
less initial
1
the
price of $60.73
increase of
$235,643
past,
agencies
income
fairly
be
the
factors
volume
portation
as
of
year
affected
of
merchandise
normal
years.
on
——
fr^air°Xi^tely $810-000>.
sition,
their
at
report to the stockholders
While gross earnings of the
The
materials,
17
average
ah
original
machines
new
charges
Vice-President
fillet form.—V.
The
Total
accrued
Income
Federal
Uncollectible
Sheet, Dec. 31, 1944
accounts
for
activities
in
repurchase
an
in
stock
ft
;
the
at
result
machines,? the
No
-f'
credits
22,919
$24,010,335 $22,607,100
Executive
outstanding
engage
Capital
unavailable for
dividends.
the
to
11225
additional
an
now
and
shares
will
Railroad
shares
its
fish
vote
250,000
depreciated.
income
207,092
'
;
been
and
Association
will
Navy stations.
regular periods by
as
Manager
frozen
reduce
776,543
$143
_____
in*194^ °n 438,375,6 shares outstanding
has
which
locations
and
at
1944
1943
$7,960,778 $12,731,343
—
Cooley
will center
reflect
will
income
Gross
1,830,446
the future of the
territory it serves.
Railway tax accruals for 1944 aggregated $44,000,000
$51,250,000 for 1943, as follows;
(The) Arundel Corp.—Annual
Report—
Net
25,217
161, p. 875.
and
Calendar Years—
Gross
Jr.,
Army
refilled
various
J
;•
operations
207,092
Atlantic Coast Line—Annual
in
and
to
$6,800,000
preferred
Gov¬
(The) Aro Equipment
Corp.—Shipments Increased—
H.
stockholders
ment
1537.
p.
Edward
proposal
organiztrl
owned
Other
,f: Atlantic Gulf & West Indies SS. Lines—To Reduce
Capitalization—Plans Entry Into Air Transportation—
trucks,
the
replacement field.
The
Armstrong Aircraft Corp.,
shortly after the commencement of the war and over
99%
by the company, manufactures rubber life rafts for
sale
construction-
Morgan,
and
machine
bars,
machines
in
27,541
2,952,242
from
tEarned
Fellowes
largely
1941. *'
on
2,384,182
company
The
profit
Profit
989.600
26.232
3,278,012
—
distribution of
capital
the
Tire
of
Mr. Cooley has been
Massachusetts Fisheries
,-v-.
company,
more
Shore
for
i$50
par).
writer.
of
aid
been
The
installed
offices
the
approximately
owns
has
since
Sell.,; experimental,
563.
p.
and
The
registration statement with the SEC
5t),000 shares of 4%% cumulative
a
offering
preierred
stock
common
filed
proposed
a
323,478
elected Chairman of the
President.
Mr. Morgan, former Commissioner of
Markets for eight years' under
Mayor La Guardia, has been closely identified with the
fishing indus¬
try for over 30 years and has been engaged during that time in the
freezing and storing of fish.
Armstrong Rubber Co., West Haven,
Conn.—Registers
covering
161.
m
'
Sept. 30,'44 Oct. 2.'43
Atlantic Coast Fisheries Co.—Chairman and Pres—
,
William
corre¬
With SEC—
construction
;
surplus
-V.
the
decrease
a
kwh.
for
—
;
\
was
distributors of candy
beverages.
are
servicemen.
Statement
Gross
742,657
7,500
1,559,382
advances
in
;.
Offered—
(no par)
company.
2,000,000
258,313
\
......
and
uniformed
such
carbonated
"Canteen"
warehouses,
made
are
and
which
of
.7,500.000
7,500
Total
Inc.—Output-
the
84,902,000
of
preferred stock.
surplus
board
output
bonded
$6,003,625
2,000.000
7,384,000,
770,281
on
deposits
Contributions
406,617
electric
America—Stock
wholesale to
and
name
factories,
Collections
7,189
59,828
$6,603,625
accounts
Capital
$3,762,336
American Water Works & Electric
Co.,
Power
-
5,822
available
par)...
Reserves
v>V"y
•
as
$24,010,335 $22,607,100
payable
Customers'
621,973
161, p. 1310.
266,242
such
trade
the
.'V, v'_ f',
Dividends accrued
1945—2 Mos.—1944
$1,868,268
of
financing by the
sale at
nuts
gum,
bear
43,488
——;
stock
Accrued
$2,143,348
income
chewing
12.946
•
233,539
/-■V____
the purchase and
652,925
-"-13,769
'
_
Accounts
—
income
1,065,096
supplies
Earned
operating
companies
4Vt'/e preferred stock (£100 par)
First mortgage bonds, 3%
series, 1963
Operating revenues— $18,872,751 $18,993,757 $38,648,354
$38,194,059
Operating expenses
10,211,050
10,997,239
20,964,127
22,458,717
Operating taxes
6,518,353
6,128,250
13,556,585
11,973,006
Net
associated
debits
Common
Co.—Earnings-
1945—Month—1944
Co.
was Incorporated in Delaware in. 193l!
as successor to, a
first established in 1929.
Company is engaged in the pur¬
and leasing ol automatic
vending machines to distributors and
chase
1.088,286
1,112,651
.
Company
1.198
.
.
business
Company
$18,933,054 $19,075,637 $38,765,585 $38,357,939
60,303
81,880
117,231
163,880
—
-
1,568,195
1,358,050
„___
;
Liabilities—
that
American Telephone & Telegraph
Canteen
not represent new
1,600
1,055
—„——.
1194,
Products Corp.—Official Promoted—
McCully, formerly Sales Controller of American Home
subsidiary, has been appointed assistant to H. W. Roden,
company.
He succeeds Lewis G. Dutton, who was
promoted to Vice-President and General Manager of P. Duff &
Sons,
Inc., an affiliate of American Homes Foods, Inc.—V.
161, p. 1534.
Operating
from
and
Deferred
a
of
receivable.
Receivables
1943 V;
1,600
'
Temporary cash investments
567,922
1,689,209
10,648,532
—
1419.
offered April 6 at $33.75 per share by Central
Republic
Co. (Inc.) and Hornblower & Weeks. The issue does
181
__
investments
Prepayments
960,089
—
161, p.
Automatic
$911,821
1944
property.
Cash
1,066,337
v
H.
President
—V.
$19,672,166 $19,451,790
physical
Total
Poods, Inc.,
Dec,
Sheet,
—.
1,054,946
Home
Balance
Assets-—
Other
com.
deducting the 10%
American
374,528
$i,282,146
*
Materials
stock
♦After
$1,286,349
251,774
______
.
Utility plant
deducts.
income
164,957
"Total
An issue of 14,963 shares of common stock
Net
ex¬
;
misc.
and
505,819
_
deductions
Miscellaneous
Balance
Federal
$1,121,392
$1,533,920
(net)
$1,026,101
income
Income
net__—______
penses,
income—
762,165
'
income
General
income
Gross
649,978
63,337
and
Total
..
operating
9,764,698
-
3,838
bonds
advances
Divs.
t''" v'"s-"
.
Other
stks.
com.
Divs.
Int.
■'
consol.:
on
Other
.!
paid tribute to
the
16,000
B.
&
O.
employees
who
i
Volume 161
Number 4377
^HE
'
have gone into the armed forces and extended
of
have made the supreme
who
those
:
.
y
1944
•
Avge. miles operated™
i, " Ry. Oper. Revenues—
,
$
Freight
3,833,081
Express
Other
3,283,892
transport
Miscellaneous
4,126,768
lev...:..
9,222,256
revenues-
L.
President of the
Houdaille-Hershey Corp., has been elected Chairman of the board of
directors of Bendix Helicopter, Inc., to fill the vacancy created by the
1941
recent
6,283.78
$
$
299,636,856 264,566,740 201,782,937
26,795,735
13,861,068
39,755,440
3,631,401
3,415,317
3,904,816
2,429,459
1,573,219
3,092,129
3,102,180
2,933,727
3,602,734
5,728,677
3,936,753
8,150,177
writers,
of
and
founder
Barnes,
death
Robert
and
Bendix.
Vincent
was
of
the
executive
member
oper.
ry.
387,193,036 358,142,152 306,254,193
revs;_
Ry. Oper. Expenses—
)
of
Maint.
46,206,421
70,756,830
27,921,773
K.
of
committee
Barbour,
board
the
equipment---
52,191,195
6,000.423
5,509,728
5,158,867
115,462,272
3.408,607
98,045,159
74,781,971
2,870,474
1,974,176.
8,749,799
7,303,597
5,692,087
27,903
78,410,881
:2_-
6,086,976
__
130,965,610
'
Traffic
) Transportation
operations.--—
Miscell.
.
-
4,008,525
_
-
9,188,000
General.
;
ry.
oper.
from.
rev.
287,068,754 250,584,353 204,241,199
100,124,282 107,557,799 102,012,995
exps._
oper.
ry.
Other Oper. Charges—
Railway tax accruals—
;
'
Equip,
r.
\
48,652,847
46,457,959
debit)
rents
At
the
holders
annual
voted
stockholders'
to
authorized
the
split
the
7,044,370
for
1,888,002
1,660,065
32,454,277
20,287,480
of
1,815,344
55,390,331
meeting held
stock two
from
'
for
one
of
""
■
10, the stock-.'
and to change
par value to'1
Dec.
8,670,683
8,306,748
40
60,805,437
54,603,873
20,683,098
21,549,242
8,637,968
49,389,673
18,862,376
The
of
each.
$1
stockholders
also
This
voted
quarterly
new
25
cents
the
eliminate
to
share
which
a
out¬
repayment of
available
subject
cents
a
ago.—V.
year
161,
p.
bank
all
needed,
as
:
loans.
the
of the
;
roads & other
charges
^
Net profit-—:
;
:
int.
Unsecur.
}
charges.--
4,023,318
s:-).'.
■<*.
*
Sheet,
General Balance
*
.
,,
4,261,395
21,091,883
31
1944
:
Road
Equipment
Acquisition
r.
14,651
16,770
22,987
3,919
"of
and
operated
as
physical
misc.
in
Cr6,818,196
393,907,105
parts
—
held
prop,
Cr6,760,009
340,082,040
u—__
const,
company—————^
Invest,
*£.T ized (per contra)——
7,324,086
9,765,200
—
7,467,817
9,766,200
^Investment in subsidiary and affiliated
companies separately operated:
Pledged
$10,916,662
Stocks
—
—
Unpledged
$3,481,231
14,397,894
20,750
37,784,250
5,846,600
physical prop—
11,164,771
37,784.250
19,405,721
3,436,415
3,698,503
727
844,095
52,540
252,562
Bonds
Miscellaneous
misc.
in sinking funds (net)
.j•;Investment
Deposits in lieu of mortgaged prop, sold-
$
~
Stocks
Bonds
6,288,493
6,244,129;/
44,365
150,000
2,875,994
—
Miscellaneous
93,560,563
$853,607
$92,706,956
—_
.
__
3,025,994
33,000,000
Temporary cash investments
r:; Special deposits
z
Net
bal.
Material
Interest
Other
Loans
and
Deferred
receivable—-—;
20,736,233
:
72,895
165,386
—
receivable
total-—
—
''-Preferred
1,211,250
/
12,590,008
products,
$256,295,348
58,863,137
573,279,388
V.
$256,295,348
58,863,137
650
100,000
stock
capital
6,700
3,200,000
1—
and amortiz.—"
income
3,193,300
1,965,000
1,965,000
650,000
stock
Capital
Mortgage
bonds
650,000
.Traffic and car-service balance payable—
(Contingent
matured
Interest
wages
accounts
Miscellaneous
Dividends matured unpaid
*;
$608,851
141,642
paid
dividends paid
7,958^078
U.
1,000
2,736,635
*4,675,969
35,839,749
2,206,749
708.553
858,014
liabilities—-———
Premium
Accrued
funded
on
Insurance
Other
liabilities
current
Deferred
57,738
debt—
reserve-.
—
unadjusted credits———
accountsfund
reserves————-
surplus not specifically investedFunded debt retired through inc. & surp._
Additions to. prop, through inc. & surp.—
Approp.
f
•J
Premium on
sale of
common
Profit and loss balance
„
Grand
;
total
stock-^
——
-
——
516,719
144,465,741
130,406,465
10,478,849
6,737,243
11,014,141
13,765,536
8,879,037
Inter-company non-negotiable
Sinking
76,660
223,953
————
depreciation—
20,767,503
7,751,008
7,751.008
59,022,646
30,997,377
53,656,900
48,750,791
3,355,721
cess
of
39,974,919
.—-$1,324,976,749 $1,322,633,092
$577,773 contingent interest due May 1,
Patents
Prepaid
L-.
—
;
premiums.
ins,
Total
$2,496,420
141,363
1,724,746
$2,261,851
129,509
1,202,055
$630,311
$621,339
141,642
294,945
141,642
412,923
$930,287
141,642
412,923
31
1941
1942
*1943
$2,111,835
1,501,760
$969,285
1,632,952
2,341,556
1,813,570
1,536,718
2,190,924
2,134,744
1
1
$1,003,052
1,275,300
3,060,295
2,184,721
2,207,276
2,848,210
1
1
145,741
74,631
287,241
90,804
83,878
38,304
26,510
$9,905,182
$9,527,291
$7,704,081
1,200,000
2,307,355
601,200
92,214
92,204
94,066
stockholders had
will
ratified the proposal earlier in the
day.
The merger
of the stock of a new concern, under the
Corp., for 270,000 shares of Raytheon common
be effected by exchange
,.ftame of Belmont Radio
..Zfctock.—V.i 161, p. 1420,
The
Commercial
William
Dana
and
Accounts
Res.
for
inc.
tSundry reserves.
6'fc
preferred stock..
stock
SCommon
Surplus
———_
$666,769
$385,692
$573,664
394,000
1,825,000
1,870,487
*1,949,470
150,789
2,385,362
135 S. La
Salle St., Chicago
1
1,181,468
———
$1,038,257 applicable to last six months
transferred
*
z
Sheet,
Dec.
31,
$2,000,000
indebtedness,
of
cost, and $105,618 cash
income taxes, $2,105,611;;
able
accounts
receivable—trade,
including
$1,839,645
from the
Government, less.$38,000 reserve, $8,136,872; inventories, $10,611,876;
tools, dies, jigs and machinery and equipment for customer's account,
finished or in1 process, at cost less amortization (including $2,658,048
chargeable to customers), $2,725,019; other assets, $1,064,087; land,
buildings, machinery and equipment, at cost (after reserves for depre¬
ciation, $20,344,807),
$12,080,252; defense facilities being amortized
over five years
(at cost less $3,047,683 amortization), $2,579,558; pat¬
rights, $1; development of light-weight railway cars and
steel products, $1; deferred charges, $529,702; total,
patent
stainless
' Z
1
:;
//'!,
payable
(trade),
$5,816,107; salaries and wages
$752,563; miscellaneous taxes' including taxes withheld, $1,382,298; sundry accrued liabilities, $134,598; reserve for self-insurance
of workmen's compensation risks, $161,917; sinkingg fund payments on
funded debt due within one year, $2,126,000; Government contract ad¬
$4,625,000; provision for taxes on income and for renegogtiafor 1943 and 1944, $14,216,979; notes payable (due 1948),
vances,
refund
tion
reserves for possible loss on contract commitments, $75,to'return plant to peace-time operation, $1,010,000; $5
preferred shares, $14,319,400; common stock (1,656,808 shares,
no
par), $5,471,284; capital surplus, $5,194,046; undistributed profit
since June 30, 1943, $2,026,723; total, $63,835,263.
$6,523,348;
000;
reserve
prior
.
1,525,882
271,230
2,360,760
1,179,780
2,360,760
2,360,760
2,360,760
1,179,780
1,179,780
1,179,780
2,389,442
2,204,690
2,116,593
capital
'*After
——;
reserves
—
for
$7,881,743
$9,905,182
$9,527,291 $7,704,081
1944, $4,248,656 in
tlncluding renegotia¬
depreciation of $4,393,908 in
1943, $4,056,757 in 1942 and $3,915,840 in
tion,
JRevised.
§235,956 no par shares.
1941,
classes
than
upon
$25,000,000.
of the
purposes
previous settlements,
160, p. 5.
no
renegotiation refund is indi¬
1944.—V.
(Edward G.)
Budd Manufacturing Co.—An.
Report—
shareholders, states:
Not only did the year 1944 see a marked increase in output, the
largest of any 12 months in the company's history, but with intensi¬
fication of the war on all fronts and an imminent shortage of ord¬
Edward G. Budd,
President, in his remarks to
these
of
■Instead
*two
'
authorizations totaling $35,500,000, we wish to
to borrow amounts for general business
single authority
a
not to exceed $25,000,000 of total indebtedness.
has made an arrangement with the RFC under
Company
(
which we
borrow up to $16,000,000 for the refunding of bank loans and to
provide sums for new manufacturing facilities..
Under this arrange¬
ment, a sum has been borrowed sufficient to reimburse us for the re¬
cent retirement of $8,399,348 of bank loans.
The payment in full of
may
bank loans effected a
permit
unused funds.
on
fund
us
favorable, permitting payment of
more
up
substantial saving in interest charges and
payments.
The terms of our arrangement
to borrow as needed, thus saving the interest
Conditions relating to payment of dividends are also
sinking
of
the RFC
with
dividends
on
the common stock
to 50 eents per share annually, if earned.
to the war we considered a volume of $35,000,000
Prior
Xote—Renegotiation agreements for the years 1942 and 1943 under
the War Profits Control Act have been concluded and the balance
sheets, and statements of earnings reflect the adjustments.:
Based
exceed
(which may be one or more in number, may be of one or
or
kinds, and may mature or be renewable to mature
12 months after their date of-original issue, and which,
in whole or in part, may be secured by mortgage,
pledge or assign¬
ment of the company's real property, plants, equipment and personal
property, or part thereof) as in the opinion of the board of directors
may
from time to time be necessary or desirable, such authoriza¬
tion and consent to supersede any previous authorization and consent
with respect to borrowing not in excess of $25,000,000 for war produc¬
tion purposes and with respect to borrowing not in excess of $10,500,000
for general business purposes.
President Budd, in a letter explaining the need of new money, states:
In order to complete our financial program and be prepared to care
for the greatly increased business in view as soon as war conditions
permit, certain authority from the shareholders is required.
A brief summary of the financial program Is as follows:
At
the present time,
shareholders' authorization and consent has
been given with respect to the borrowing of $10,500,000 for general
business purposes and $25,000,000 for war production purposes,'under
certain terms.
We have not found it necessary to borrow any part
more
reduction
and
liabilities
on
to
obligations
these
Total
not
issuance in
and
at the annual meeting May 9, among other mat¬
increasing the indebtedness of the company to an
$25,000,000 at any one time, and the creation
connection therewith of such bonds or notes or other
stockholders
will vote
;
to $40,000,-
Our best judgment, based upon information, given
us by
our customers in the automobile body, truck trailer body and
railroad passenger car fields, indicates that our annual volume follow¬
ing reconversion to regular peacetime operations will exceed $100,000,-r
GOO; and that the increased volume will continue for such tim^ as to
warrant substantial expenditures for additional plant facilities.
000
good
a
year.
Company does not now possess
such
a
well
as
large
expansion
extension of
the financial resources necessary for
Additional capital is reused as
in business.
plant equipment.
Company is in sound financial
condition, and the contemplated indebtedness is by no means out of
line with the size of operations now and in prospect.—V. 161, p„ 1198.
Company, Publ lsbers, 25 Park Place, New York 7, N. Y„ REctor 2-9570. Herbert D. Selbert, Editor and Publisher;
twice a week [every Thursday (general news and advertising Issue) with a statistical issue on Monday].
Other
Company. Reentered as secondDominion of Canada, $27.50 per
NOTE: On account of the fluctu¬
1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright 1945 by William B. Dana
class matter February 25, 1942, at the post office at New York. N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in
year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa,
per year.
ations In the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
offices:
•
—
Treasury certificates of indebtedness at cost, $5,000,000; receiv¬
from the Government on cost and cost-plus-fixed-fee contract^
$7,213,672;
1,202,055
1,483,431
2,634,523
tax.
$481,583
831,097
payable——.
Fed.
Financial Chronicle (Reg. U. S. Patent Office) William B. Dana
President; William D. RIggs,
Business Manager.
Published
Seibert,
certificates
S.
substitute
-r
•
1,789,467
488,268
161,944
;
■•
1914,
Assets—Demand bank deposits, including $2,554,714 restricted to us®
oh Government contracts, and cash on hand, $11,788,605; U. S. Treas¬
mort
Liabilities—
cated for
Belmont Radio Corp.—Merger Ratified—
'«,*!
,The stockholders on April 6 voted approval of the merger of this
company with the Raytheon Manufacturing Co., Newton, Mass., whose
$2,535,083
230,244
1,683,500
ex¬
profits tax
3,355,721
42,696,298
1941, $834,418 due
May 1, 1942, and $615,634 due May 1, 1943, $834,135 due May 1, 1944,
Jaut not as yet collected bv those entitled thereto.—V. 161, p. 1420.
^Includes
refund
Post-war
•
Other
1941
$7,881,743
—
35,269,308
9,479,552
336,667
Balance
ters,
1942
295,141
—
*
3,414,362
40,623
—
235,956
securities-
receivable-
Property assets——_
Investments "
81,893
42,586
,
to separate account..
amount
1943
1944
Inventories
9,612,858
2,927,645
Govt.
S.
Accounts
14,578,496
—
offset cost increases.—
$776,806
6,641,872
2,974,727
7,470,000
336,667
.
period
Stock
stock
Liabilities—Accounts
—Annual Statement—
Balance Sheet, Dee.
899,350
—
liability
tax
Accrued
—
accrued—i—
rents
Unmatured
>•
accrued—
interest
''Unmatured
899,350
4,624,118
81,674
unpaid
326,437
profit—--——
dividends
Common
3,193,300
1,965,000
9,612,858
payable
payable--—■„—
.
99,350
18,194,903
payable
interest
Audited accounts and
Co
365,576
Assets—
650
6,278,000
To Vote Increase in Indebtedness—
taxes—;
Railway Co.:
900,000
pfd,
other
.
1,038,000
5,085,000
336,666
*
.
not be able to
1944
$1,300,864
Calendar Years—
Profit
Deprec,
Net
—
pfd.
-;'Z
1,211,250
CJeafield & Mahon
<
may
company
2,396,950
Pfd.
Capital stock
Mortgage bonds
for
7%
117,000
151,000
734,000
plant to
5%
The
Allegh. & Western
Railway Co.:
^
profit
350,000
725,000
6,264,000-
profs, tax
return
$63,835,263.
Co.—Earnings—
Buckeye Steel Castings
'
z
the
2,396,950
99,350
$7,471,468
$9,380,133
700,000
on
ents,
alphabetical
alphabetical
near
months this year the company
161,.p. 1311.
607,218,883
Home Ave. RR. Co.
1'
+'i \ i
the capital
1,211,250
5,000
2,401,950
Z
.
;
earned 54 cents a
stock, Clifford E. Paige, Chairman and President,
told stockholders at the annual meeting on April 5.
This equalled the
showing for the first two months of 1944,
Gas output during recent weeks has been running about 3%
ahead
of last year.
Costs are rising, however, and from this point forward,
because
of
increasing
difficulty
of raising
selling prices of by¬
first two
the
on
Federal
-
stock-
„•
Brooklyn Union Gas
For
share
RR. Co.:
\Common stock
possible.
as
$9,639,137 $11,077,029
15,435
tax—
on
U.
'
for Co.
$6,752
1,136,863
l.'Int.-bear oblig— 728,652,488 155,373,100
Dayton & Michigan
"E" pennant
the original plant has
exact
in
companies
arrange
2,171,172
accrued,
Held by or
Common stock
$256,302,100
-'Preferred stock—.
60,000,000
to
150,103
290,000
:|,Before deducting
it is not always
reasons
However, they are always as
possible
position
$1,324,976,749 $1,322,633,092
Total
Issued
mechanical
NOTE—For
:
order.
170,000
deposited with trustee for payment of Federal
the Army-Navy
■> \•./;/ZZ•,
.■
20,044
——;
income
to
Net
•
'
v.voZ':;
22,544
72,178,500
&
tax—
Divs.
ury
for
Spring Division and an addition (to
production.—V. 161, p. 763.
at
gone into
4,995,506
14,971,167
Liabilities
star
50,295
w-,,-
Divs.
16,566,805
4,9~6~6\418
-
Unadjusted debits
Grand
white
391,122
28,598
peace-time operation-
..
14,638
.
assets
fourth
a
542,694
—-
income
Federal
the material is
of
466,779
charges—
income
Prov.
tank are manufactured by
Ingersoll.
The
supplies by more than 250 firms who are
a
2,071,443
412,670
12;369
Federal excess
corporation's Spring Division, and the manufacture of "well over
5p0,000,000 ordnance units" Was made known March 28 by H. P.
Troendly, Vice President.
This was at the rate of over 1,250,000 units
daily.
\
•}
v^zO.,, z,■;./;.; v./
It was further stated that 400 employees are-working "around the
139,680
assets
is
of
18,427.532
12,995
supplies
bills
and
comprise
of
award
45,350,081
30,691,625
5,672,981
8,515,310
receivable
dividends
and
current
91,953,221
6,549,541
3,479,186
8,101,219
27,991,571
and conductors
agts.
accounts
Miscellaneous
z;
1,912,051
—:
—
__
receiv. from
it
Receives Additional Award—
The
,,
33,697,784
'»
that
remainder
clock"
Unpledged
'
prohibited,
2,603,142
debt discount
investments
Gross
.
(^Investment In. other companies;: *
Pledged
is
84,321,684
3,602,494
3,835,918
Z -i' advances.
State
-—-—
119,724,310 115,531,671 106,392,752
101,624,663
91,969,489
expense
bn
Loss
participating in the tank-building program.
-...
... i..-*
•• •.
.
The Detroit Gear Division, Detroit,
and the Mechanics Universal
Joint Division,
Rockford, are two other Borg-Warner units making
parts for .the Beachbuster.
^
,
5,318,170
in other
Investment
use
yard, the Ingersoll-Kalamazoo plant as designed supplies -'-'following"
yards with designs and specifications and purchases approximately
75% of' their material for them.
It is estimated that 2,000 of the
16,010,450
37,763,500
tv.'
j. r-y
whose
permissible to say that every
refinement adopted in the amphibian tank program has aimed to add
speed, 'maneuverability and carrying capacity." fZz zz/'ZZ/.vZ;-; //
Besides
being designated by the Bureau of Ships as a "leading"
construction
of
items
for
transportation purposes—
Invest, in perpetual leaseholds—capital-.
*
,278,787,818
4,497,684
20,231,382
'
grants———
sub.
in
Invest,
$316,509,472
290,390.348
property
adjustment
Donations
'•
tank
amphibian
new
-
106,063,176
charges
Interest
'
6,585
17,498
sold—
Miscellaneous
Beachbuster,
'■] R- C. Ingersoll, Vice-President and head of the corporation's Inger-'
Steel & Disc division, said: "Although disclosure of many details
$344,177,236
—:
leased
gen;
$
1
90,332
15,269
exps.—
products
&
and
soli
——
Improvements on
,f
1
in the Okinawa
landings has been revealed by the U. S. Navy, has been produced in
volume by this corporation for almost a year, it was announced on
April 4,
- " 1' *.
' '
y
'
1943
Investment in property-directly owned:
\a
763.
p.
Borg-Warner Corp.—Produces "The Beachbuster"—
The
45,323,597
Dec.
Assets-—-
fi.;,.
7,103,740
7,105,380
4,252,822
30,509,480
20,914,438
Net income—,.
•
161,
Adm.
1941
■,
•'
96,339
36,506
—
of
Cost
Alnoi't.- of
5,589,541
4,023,318
5,589,541
charges—
int.
—v.
i
'
Contingent Int. Chgs.—
Secured
32,458,658
56,680,159
40,122,338
30,527,297
—
•Total
1945—3 Mos.—1944
$5,080,414 $12,346,620 $10,601,762
$5,738,168
"
84,216,701
income
div.
&
§>'
•
119,666,387 115,476,645 106,289,828
——
Royalty' income
Int.
1942
1943
'
Net sales
1311.
1945—Month—1944
Period End. Mar. 31—
for Calendar Years
1944
'1
Bond Stores, Inc.—March Sales Increased 12.9%—
Sales
The balance of the $16,000,000 will be
of more than $10,500,000 is
shareholders.
Income Account
•
,'
favorable terms.
$8,467,731 was
for the recent
under
is $16,000,000, of which
borrowing
but
Miscellaneous income—
Gross income
Interest, rent for leased
:v
negotiated a long-term loan
Corporation
Finance
approval
the
to
Comparative
declared on the
outstanding, pay¬
This is equivalent
be
represented by. bank loans,
and used to reimburse the company
borrowed this month
was
will
was
management has
Reconstruction
the
from
The amount available from RFC
shares
5,000
This
$8,649,348.
was
business, .the
post-war
resolution
of which is outstanding.
none
per
stock
common
under
May 15 to stockholders of record of May 8.
dividend of 50 cents-per share on the old stock as compared with
a
22,145,215
of
dividend
shares of
change,
1944,
31,
guaranteed by the U. S. Government.
In order to take advantage of a
lower interest charge, and to provide further capital for anticipated
of common stock of no par value into 600,000
value
par
Funded Debt
' Z"
.
expansion of the company's business in the last three years
with consequent need for increased capital made it necessary to bor¬
row additional sums from time to time.
The total funded debt as ofRapid
no
This will change the presently
value.
par
April
on
shares
500,000
preferred stock previously authorized,
iA
78,229,401
7,741,295
the
share.
to
52,167,469
of
600,000
46,297,125
69,558,718
41,648,378
——
for redemption and have been cancelled.
obtained by the sale in September of 60,000
This adjustment-not only simplifies the capital
struoture but has removed the burden of accumulated dividends and
cleared the road for payment of dividends up to 50 cents per share on
the common stock, as earnings permit,
prior preferred shares,
subsequently passed by the directors, will not necessitate the surrender
or
the certificates now outstanding.
Certificates for ,the additional
shares will be mailed about May 3 to holders of record April 23, share
2,407,629
income
•
shares
able
Other
;
15,780,106
2,692,030
5,740,199
Net ry. oper. income.—
•,
-
Funds for this purpose were
,
of Reeves-Ely Labora¬
the law firm of
President
common
stock
common
standing 300,000 shares
.,
f
Ely,
Other members of the executive
Adjustment
preferred shares were called
President of The Linen Thread Co., Inc., and
of directors of Bendix Helicopter, has been
66,584,604
58,475,904
chgs.
oper.
long time.
a
refund.
Capital Stock
■
all remaining shares of the company's 7 % cumula¬
tive preferred stock which had not been exchangegd for the new prior
&: Co.—Stock Split-Up Voted—New Shares to
Receive $1 Annually—
/
(net
—
Total oth.
-
'■
: Best
160,918,418
25,054,013
7,415,428
rents (net debit)
facil.
Joint
-
for
Helicopter
over
During the year,
"
,
1,000,000 shares of $1
Total
Net
income
.
' Transp. for invest,—Cr„
;
Bendix
of
.
the
during
provision for renegotiation
21,148,023
62,590,467
way & struct. -58,408,763
jMaint. of
Net
and
tories, Inc., and Charles L. MacDonald, partner of
Tibbetts, Lewis, Lazo and Welch.—V. 161, p. 1420.
227,503,022
-
•
year 1944 amounted to $119,666,387, an in¬
the preceding year.
amounted to $1,789,467 after all charges including taxes
sales
of $4,189,742
crease
been members of the board of directors
appointed to the executive committee.
.
Total
*.
.
^committee include Laurence D.
Total
years
many
Newhouse,
Frederick
a
for
of Newhouse & Sayre, marine insurance under¬
elected Chairman of the executive committee.
Both Mr.
J.
Barnes and Mr. Newhouse have
,
contracts.
new
Claire
called upon by the Government to undertake very largo
nance, we were
Helicopter, Inc.—New Chairman, etc.—
'
$
.
51,308,473
Mail
6,148.78
•
,
315,418,567
Passenger
1943
-
6,143.75
31
" 1942
6,246.47
Bendix
?
V'
Income Account, Years Ended Dec.
'
,
sympathy to the families
sacrifice.
1651'
COMMERCIAL & FINANCIAL CHRONICLE
3, 111. (Telephone: State 0613);
$31-00
THE COMMERCIAL & FINANCIAL CHRONICLE
1652
outstanding shares (par $40) of common stock into
50,000 shares (no par) without presently making any change in the
stated capital or surplus of the company.
The proposed amendment
would reduce both the number of outstanding shares of common stock
and
the
number
of votes
represented by the common stock from
260,343 to 50,000, and would enable the company at some future date,
by reducing the stated capital represented by the outstanding shares
Budd Wheel Co.—Annual Report—
production for the U. 8. Government continued to employ fully
of the company throughout 1944.
Effective use or the
plant and manpower resulted in the highest output of the company s
history.
Total sales amounted to $52,495,082, an increase of $4,339,301
War
the
facilities
the
over
previous year,
of
Calendar Years
Income Statement for
—
Interest
income
.—.
_
Total
tCost
of
General
and
$500,000
each
sold——
products
admin,
in
compensation
extra
expense
Prov.
to
(after
could
be
for
utility
uncollectible
revenues
$4,038;
accounts
customers'
accounts
of
billed
*
returns, allowances and provision for
Government
under
the
Renegotiation Act.
refunds to
—«—
After
the
discounts,
U„
S.
pre¬
and
tion
in 1944 post-war refund.
SThe
effect to the
renegotiation
refunds for those years as fin a lly d etermincd subsequent to issuance
of tne annual reports to the shareholders.
Renegotiation proceedings
for 1944 have not commenced, but a reserve has been provided in the
1944 statements on the general basis of the settlement for 1943.
1942
in
$446,000
for
statements
and $494,400
1943,
ai.d
1942
for
1943
give
struction,
in
taxes
1942,
provided
in
$166,667
on
a
income
and
of the
accordingly, in lieu
established,
was
the
years
cf profit and
ments
At Dec.
(2)
able under
credit
of
reserve
of
$500,00
was
considered as applicable to profit and loss
1942 and 1943 and $166,666 to the year 1944.
a
reserve
which
of
of each of
The state¬
loss give effect to this revision
its net earnings for the year then ending,
and not to declare or pay dividends (except dividends payable in its
capital stock) which, with dividends declared or paid after Dec. 31,
1943, will exceed 60% of net earnings of the company subsequent to
Dec.
31,
1943.
Under these limitations
$3,602,117
of surplus
at
Dec. 31, 1944, was restricted against payment of dividends.
Com¬
pany will assign, at the request of the guarantor or of the banks,
moneys due or to become due under all war production contracts in
excess
of
$10,000, but no request for such assignment has been
subsequent year by 30%
received.
of
The
told
shareholders,
that
quarter
It
1944
earned
the
at
annual
meeting
general trend of the company's
1945 continued good
and somewhat
of
better
for
than
cost (after reserves for
patent rights, $1;
total, $26,506,375.
goodwill,
$1;
deferred charges, $235,580;
Period End. Mar. 31—
1945—Month—1944
compensation
risks,
$100,000; reserve to return plant to
peace-time operation, $500,000; capital stock (990,675 shares; no par),
$4,289,209; earned surplus, $3,662,649; capital stock in treasury (5,417
Accel,
D.
and
tax
of
$638,069
$7,425,390
$7,927,975
175,042
176,734
2,163,660
2,208,530
326,113
D.
surtax)
this
those
company from the Government on
which have expired are betwen 12%
new
and
highr than a year ago, Irving T. Bush, President and Chairman
the board,
said at the annual meeting on April 2.
Leases were
originally taken over by the Government from private tenants without
any increase in rentals, but practically all these leases have
expired
and
Net
Pfd.
74,475
74,264
tax,.
112.392
111,783
1,185,997
__
$265,540
$275,282
111,819
111,819
$3,178,528
1,341,836
income
div. requirements—
—V.
897,205
889,664
1,253,582
$3,250,086
1,341,835
161, p. 1539.
Cerro de Pasco Copper
L.
Graton has
C,
Kingcmill,
Geology
been
former
Corp.—New Directors—
elected
a
director to
Mr.
President.
Harvard
at
this
for
Graton
University
corporation
for 25
and
has
years.—V.
been
160,
the
succeed
is
it
has
been
for
necessary
Most of
said,
the-
and
$30,000
The
the
Government
to
make
new
ones
the
j
of
tenants
company
p.
of
consulting
a
Mining
geologist
724V
made
pier
one
their
desire
lease
to
a
to
new
return,
he
tenant
at
Brothers, Chicago—March Sales—
1945—Month—1944
sales
of the offering group are: Bear,
Otis & Co.; Burr & Company, Inc.; Gra¬
ham, Parsons & Co.; and Thomas & Company.
161,
for
p.
.100.317,
1945—3 Mos.—1944
The
were
Lee
and
first
mortgage bonds, series due Nov,
exchange for temporary certificates
for
1974, are now
at
the American
Co.,
C.
Bank
&
The
Feb.
100.7713,
1945
1944
$5,794,000
1
'
,
revenues
_—_
_
Maintenance
>
-
1944
_
889 135
III—I—I—II™III"
of
lieu
2,275',204
franchises—.—
and
excess
of
Federal
profits
taxes_IIIIII
income
913,127
2,380,469
35,188
Taxes, other than Federal
income
1943
$18,646,605 $17,541,477
6,630,034
6,197,012
___,
.
Depreciation
and
5,948
1,655,057
2,944,000
1,803,069
Co.
&
and
,
Shields
on
a
bid
-dated Feb.
are
and
Aug.
Redeemable
by
or
or
1
at
l,
$4,051,852
;___
IIIIIIII
.
Provision
other deductions—:
dividends
IIIIIIIIIII
I—IIIIIIIIIIIIII
for cumulative preferred
stock
dends not declared at Dec.
31, 1944
\ Proceedings Before Securities
Additional hearings in the
and
"divi¬
due Feb.
1945;
1943
whole
a
of
and
at
in
or
4,800
Vermont
&
Inc.
get,
—V.
Weeks.—__
The
&
!
Co
Securities,
1,600
Inc.—
1,600
Wisconsin Co
1,600
4,800
——
161, p.
1539.
Chesapeake
Ohio
&
Ry.—Annual
Report—Carl
;
E.
'
Chesapeake & Ohio's
knit
to
and
operations in 1944, as In 1943, were closely
All demands of the
prosecution of the war.
transportation were met when, where, and under the
requested.
Movement of
large numbers of troops
and
country's
our
for
cf
&
great
war,
supplies,
fighting
O,
Coal
In
is
and
quantities
movement
fronts,
wore
cX military material, ammunition
hospitalized veterans returning from
the outstanding contributions of
of
among
1944.
the
country.
A
ton of
every
major basic source of the electrical energy of this
ten and one-half of coal are required for the making of
steel.
It is the basis for many plastics, medicines arid
drugs.
Coal is a high-priority war material—of prime importance to
war
production.In 1944 every mine on Chesapeake & Ohio's lines
able
was
to
ship
No mineworker
to
take his
its
lost
product the day it was brought above ground.
single day's work for lack of a C. & O. coal car
a
output.
'
27,061
13,838
$4,065,690
Old
Colony
Trust
Co,,
in
moneys
of
the
the option of the com¬
maintenance
and
the
sinking or improvement
notice, at prices, starting
days'
successive
reductions
to
in
par
renewal
fund,
at
to
Class
I
pared
their
earn
fixed
charges.
1,809,802
1,767,655
$1,928,246
$2,298,035
2,420,112
4,555,504
I
roads
decreased
$667,000,000 in
Commission
rate
of
return
earned
in
1944,
net
by
com¬
income
approximately 24%—from $873,000,000 in
of
1943
1944.
The fortunes of your railroad followed the general trend.
C. & O.
operating revenues were 3.85% higher than in 1943.
They reached a
new high of
$216,536,248.
But in 1944 the operating
of your
expenses
increased
company
cipally to added
higher costs
of
charges, without
after
taxes
reported
18.97%—$21,821,585
above
1943—owing
handling the increased volume of traffic,
and
materials, and increased amortization
compensating
increase
rates.
in
1944
net
Earnings
Factors
share
per
Affecting
Major factors affecting
outside, of
are
were
$3.57
Earnings
in
1944 earnings
control.
our
in
1944/ and
and
Others
the
flow
1944
compared
Labor costs
than
volume,
alone
in
into
came
full
effect
shortages,
manpower
to
necessary
and
operations
amortization
to
on
enable
in
1944—and
necessitated
workers
much
heavy traffic
overtime
work
at
time-and-a-half
or
materials, fuel and supplies
in
substantial.
were
charges
made
for
war
the C. & O. last year were almost
$10,000,000
Wage increases granted pursuant to Government-
by
train
crews
and
maintenance
double-time rates.
Price increases
provements
outlook
from the
on
1943.
settlements
with
1945
earnings
directly
and the dense traffic volume
resulting from it.
approved
incomp
12.81%—$27,340,995 compared with the $31,358,680
1943.
with $4.04 in 1943,
1945
prin¬
of
labor
off
was
in
by
cost
Retirements, depreciation
equipment acquired and road im¬
new
C.
&
O.
to
meet
the
demands
war
put
it, and chargeable against income, increased
$4,005,402 in 1944
1943, and will increase again in 1945.
Yet, with all the factors which are increasing costs of
railroad
operation, there is no compensating rise in the price of the
upon
The
the
of
net proceeds
common
the
its
for
and
by the company from the sale of
$752,180) will reimburse the treasury
moneys expended for additions and extensions to
will
deferred
received
be
used
to
provide
funds
maintenance, replacements
and
for
working
additions
pre-Pearl
sell.
we
Harbor
protests
Jan.
of
1.
The
(Giving Effect
'
■;
'
capital
An
stock
($100
dividend
States
stock
Common
par)
(no
in
1944
The
and
took
is
subject
A summary
for
State
of
to
of
the
annual
meeting in
and
1946
cancellation
or
at any
of
these
prior
"363,000 shs.
shares
special
at
the
regular
meeting.
1943
with Twin
income
State
below.
account
of
Gas
This
the
&
Electric
estimate
company
Co.
was
and
and
related
arrived
the
at
revenues
transactions
by
combining
and
until
State
of
operating
by the
the Federal
by
as
follows:
2 274 292
Indiana
Federal
of
taxation
$1,550,329
Ohio
i^pa'trr
~ ~
"
?8n
—I—___ZiriHII""
179 198
Government
44
taxes
117
II_IIIIIII.IIIIIIIIIIII
79,910
Total
$51,154,950
railroad's
funded
debt
682.000 of bonds secured
remainder
of
expenses
are
of
the
Debt
the
end
by mortgage
unsecured
Included
at
notes,
in
and
mortgage
on
of
1944
the
road's
$44,626,000
debt
consisted
fixed
of
are
$2,679,000
During 1944 the mortgage debt
fund
operations
and
first
the
of
$166
Dropertv
equipment
owned
was
-
of
tnist
bv
a
reduced
retirement
of
the
mortgage on one of the road's branch
lines
Serial notes
amounting to $737,000 and equipment trust
certificated
totaling $2,323,000 were paid off at
maturity.
Consequently the debt
on
property owned Dec. 31, 1943, was reduced
by $3,961,000 during the
following 12 months.
;
s
During
tions
that
at
tlm
financed
were
which
Earnings—The following pro forma income statements for the years
1942 and 1943, showing the estimated effect of the merger on Dec. 28,
summarized
of
and
passes
_
$901,000
37,856 shs.
49,950 shares reacquired and held in treasury.
A con¬
order of the SEC dated April 2, 1945 requires the com¬
retirement
23%
forms
many
Kentucky
State
Other
the
over
suspension
■—
Virginia
wholly-owned subsidiary.
through sinking
$6,967,000
to use its best efforts to obtain authorization of its stockholders
the
rate
1944,
of the amounts paid or accrued in 1944 is
§£& 5 Jir?
State
of West
certificates.
$498,000
^Exclusive of
dition
12,
approximately
to
municipalities through which it
$3,060,000
500,000 shs
Dec.
on
this
Taxes
$51,154,950,
railroad
Funded
100,000 shs,
par)
made
continues
Government.
The
Outstanding
series
order
carriers,
to
Unlimited in
expressed
amount
trans¬
Commission sus¬
Commerce
previously
generally on
levels.
the
■
Financing)
Authorized
]
1st mtge. 314: bonds, Series C 1973)
1st mtge. 2% % bonds, Series D
1975J
4.15%
Present
to
Interstate
1946.
Taxes
property
necessary materials and manpower become available.
of the company as
which
emergency freight rate increases
which
it
had
and as a result present freight rates are
authorized,
revenues.
(estimated at
for
company
property
and
stock
to be
portation
pended
at
Purpose—The net proceeds to be received from the sale of the bonds
$6,950,196), will be applied, together with $365,153 from
treasury to payment of the redemption price
(excluding
accrued
Interest) of 105 upon the redemption on or about May 14, 1945, of
the entire $6,967,000 of first
mortgage 3 % % bonds, Series B, now
outstanding.
*
pany
1,850,674
The
railroqds on property investment averaged 4%
slightly more than 5%
in
1943.
Total
witn
Class
105%
1975.
(estimated at
Preferred
proceedings instituted by
the
SEC
Oct. 16, 1941, were conducted
during 1944.
In connection with these
proceedings company on Jan. 29, 1945, filed an
application requesting
authority to "hange the presently authorized
350,000 shares (par $*0)
common
stock
into
140,000
shares
(no
par^ and to change the
1944, like
1943, was for the railroads a year of greater traffic
volume, larger operating revenues and lower profits.
Total operating
revenues of the nation's railroads were
approximately 4% larger than
in
1943, but total operating expenses were up
approximately 1-1%.
Although railroad traffic reached its peak in 1944, 13 Class I railroads
more
Interest pay¬
1975.
1,
of
part at
"-''I-":.
$3,738,049
Exchange
100.31.
a
principal office
operation
least 30
at
upon
in
as
application
through
time,
1,609,000
$3,710,987
____
__
Preferred
Co.,
of
■
and
&
$18.93 per share.
Other bidders
share; Blyth & Co., Inc., $18.63;
$18.52, and Harriman Ripley & Co., Inc., $18.41
Capitalization
507,000
operating income—
Other income (net).
income
Hornblower
Corp.
581,000
Net
Gross
Putnam
submitted
April 11 offered 40,000 shares of
(no par) at $20.25 per share.
awarded
was
1
thereof.
excess
profits taxes
Interest
Other bids
and at office or agency of company in New York;
principal payable at principal office of trustee in Boston. Coupon bonds
in denom. of $1,000,
registerable as to principal only and interchange¬
able
with
fully registered bonds in denom. of $1,000 or multiples
any
Central Illinois Public Service
Co.—Income Statement
Charges in
of
Boston,
and int.
$5,731,000
Calendar Years—
Federal
bid
Langley & Co., $18.77
bonds
pany,
Earnings—
161, p. 1538.
Amortization
a
share.
fund,
Canadian Pacific Railway—Traffic
Week Ended April 7—
Traffic earnings--
Operating
Operation
Weld
Higginson Corp.,
trustee,
1,
trustee, San Francisco, Calif., or at the Chemical
Trust Co., New York
exchange agent.—V. 161, p. 1420.
—V.
White,
stock
issue
W.
able
available
2,800
2,000
6,400
Boston
over
$10,526,524 $11,281,004 $28,029,794 $27,980,297
...
California Oregon Power Co.—Definitive Bonds—
Trust
on
Common Stock Offered—A
banking group headed by
Coffin & Burr, Inc., on
1092,
Definitive
issue was awarded
bonds, all naming a 2%% interest rate, were as follows:
Lee Higginson Corp.,
100.767; Coffin & Burr, Inc., 100,549; Harriman
Ripley & Co., Inc., 100.419; F. S. Moseley & Co., 100.318; W. C. Langley
& Co., Glore, Forgan & Co. and Merrill
Lynch, Pierce, Fenner & Beane,
a
sales
Shares
Dean Witter & Co
the
common
$8,884,170 $10,091,720 $23,950,253 $24,726,622
1,642,364
1,189,284
4,079,541
3,253,675
sales
Combined
-V,
indicated
paying.
Co., a wholly-owned subsidiary, handled
during March, a record, compared with the previous
in May, 1944.—V. 160, p. 2397.
Period End. Mar. 31—
Wholesale
Retail
have
has
Name—
Whiting, Weeks & Stubbs.
to
members
cars
8,464
Butler
Other
The
that many inquiries for piers have been received.
year more than the Government is now
Bush
Terminal RR.
a
8,499 loaded
peak
former
Inc..
Chas. W. Scranton & Co.—
failed
late Harold
Professor
Stearns & Co.;
with the
company.
Mr. Bush remarked
below opposite their respective names:
6,400
122,446
(normal
Fed. excess profits
200,000
effective conduct of the war was the fulfillment of its
principal peace¬
time function—thai of moving coal from mine to destination.
90,577
$627,449
amort,
$400,000
1,250,000
•
Thomas & Co
225,012
——
of
Inc.
500,000
$7,805,529
8,554
& E,
&
180,575
$629,515
■
Fed.
Parsons
—
$7,334,813
$624,891
—
Co.
Otis & Co
Yet, with all this transportation to meet primary military require¬
ments, the greatest volume contribution of Chesapeake & Ohio to the
2,558
_
oppo¬
Amount
C.
330,029
20,319
income
Gross
Deductions
$1.36
severally
315,670
26,223
Portland
income
Graham,
1,250,000
Shares
& Burr,
First
the
26,914
227,136
have
8,000
The
prisoners
.
underwriters
Name—
$3,367,000
.
95,641
income
principal
Co.,
stock set out
86,672
oper.
Bonds—The
of Common Stock—The principal underwriters
named
severally agreed to purchase the number of shares of com¬
8,224
than
est.
by
replacing
$1.55
Underwriters
conditions
of
received
227,136
$1.55
Inc
below have
1,257,278
15%
Rentals
& Co.,
1,267,194
Central Vermont Public Service Corp. — Bonds Of¬
fered—Halsey, Stuart & Co., Inc., and associates on
April 11 offered $6,967,000 first mortgage 2%% bonds,
Series D, due Feb. 1, 1975, at
101% % and accrued inter¬
Terminal Co.—Receives Higher Rentals-
pier leases
Burr
1945—12 Mos.—1944
$1,413,185 $17,021,799 $16,909,386
chares, at cost), Dr$56,619; total, $26,506,375—V. 160, p.2397.
\ Bush
216,284
-Higher Revenues, Higher Costs—Lower Profits
payable
to banks under VT loan
agreement,
$5,950,000; accounts payable (trade), $3,309,590; salaries and wages
accrued,
$533,742;
miscellaneous
taxes,
including
taxes
withheld,
$581,949; customers' deposits on sales contracts, $147,558; sundry ac¬
crued liabilities, $42,212; net refund for 1943 under the
Renegotiation
Act, $400,000; reserve for estimated Federal taxes on income and for
renegotiation refund for 1944, $7,046,094; reserves for self-insurance;
workmen's
$728,220
requiremts.
(323,000 shs.)
—
104,589
under
of
Inc.
5,848
lease
$666,439
60,000
$716,939
.
part:
(Fed.
income)
272,000
tax
—
Bear, Stearns & Co.—
104,577
RR.
6,276
287,907
—_
profits
Halsey, Stuart &
State and munic. taxes,
Rental
7,577
286,441
,,
Government
(other
8,714
306,000
Amount
7,210,256
taxes
$1,232,622
298,000
73,000
Name—
7,822,516
Fed.
756
$1,393,238
agreed to purchase the principal amount of bonds set out below
their respective names:
624,315
taxes
$1,231,866
10,244
Newton, President, in letter to stockholders, states in
Co.^-Earnings—
State)
$1,382,994
5,825
site
521,589
Sec.
$1,372,454
_„
145,272
286,626
Underwriters
$1,283,81.9
and
333,134
deductions.—
Earns, per com. share
revenues—
Soc.
359,917
income)
income
income
excess
expenses-
Liabilities—Notes
of
Federal
revenue
income
Operating
depreciation and amortization of $5,092,694),
$4,242,595;
Net
Operating
Government
at
the
meet,
Central Maine Power
264,432
358,505
$1,378,279
than
Stone & Webster and Blod-
Assets—Demand bank deposits
and cash on hand, $3,009,015; U. S.
securities, at cost plus accrued interest, $6,929,417; ac¬
receivable, $5,522,499; inventories, $4,129,219; die and tool ex¬
penditures for current production, balance unamortized, $84,108; in¬
vestments and other assets, $2,353,940; land, buildings, machinery and
equipment, including facilities being amortized over a five-year period,
Federal
pointed
was
1,148,382
150,376
268,059
charges
Coffin
held on April 11, were
business during the first
the
Non-oper.
counts
1,292,394
income
Name—
out that the company has no reconversion problem
Following V-Day end release of further raw materials and
adequate supply of labor, production to meet civilian needs can be
immediately undertaken to 100% capacity.—V. 161, p. 1538.
to
Net
Sheet, Dec. 31,
$63,146;
corresponding period of last year.
:
Balance
surplus,
853,768
144,239
Miscellaneous
mon
until
March 31, 1947,
Under the loan agreement
the company
agrees,
among other
things, to maintain net current
assets of $1,100,COO increased at Dec. 31,
1944, and the end of each
paid-in
Celanese Corp. of America—Business Good—
31, 1944, $5,950,000 was owing on short-term notes pay¬
VT loan agreement made in 1944 which provides a bank
$7,00,000
$185,576;
surplus (after
.deducting $6,543 cost of 354 shares of reacquired preferred stock held
in treasury, $1,382,604; total, $102,359,955.—V.
161, p. 667.
Notes—(1) In J943 a reserve Of $1,000,000 was provided to return
plant to peace-time operation and for deferred maintenance,
In 1944
it was decided that a reserve of $500,000 would be sufficient to
coyer
the
estimated
cost
of reconversion
after
deduction
of
the related
reduction
$11,223,073; reserve for cumulative preferred stock dividends
declared ($6,50 per share), $1,850,674; contributions in aid of con¬
not
1942
$3,976,854
896,579
1,057,706
Federal normal and surtax
reserve,
for
1943
$4,115,631
278,032
operating
Fixed
pre¬
(par $100), $593,000; first mortgage bonds, series A, 3%%,
due
Oct, In 1971,
$38,000,000; notes payable (2%, 2%%, 3%) due
serially to Oct. 1, 1951, $7,000,000; accounts payable, $503,209; cus¬
tomers' deposits, $341,862; accrued
taxes, $4,066,810: accrued interest,
$401,950;
other,
$59,397;
deferred
liabilities,
$252,971;
depreciation
Including
1944
—
non-operating
Gross
ferred stock
1942, $839,680 in 1943, and $962,680 in 1944 for oePreciaamortization of defense facilities,
fAfter $408,000 m
in
$798,903
i
cer-,
Pro Forma
$4,361,174
.
:
power
(other
Total
and making
Pro Forma
915,550
revenues
Preferred stock dividend
Liabilities—Common stock (par $40), $10,413,720; $6 cumulative
stork (279,143 shares, no par), $26,021,965; 6% cumulative
$975,602
Dividends
Purchased
*
laaum
$1,G88,G11
$1,307,460
723,944
Twin State,
in
ferred
Profit for the year—
operating
Operation
Net
preferred
accounts
on
from
adjustments:
"
.1
Total
Depreciation
stock selling com¬
ncn-operating prop¬
$3,750,894; U. S. Government
cost or less, $69,948; cash,
$3,026,479; special
deposits,
and
Actual
Taxes
investments
estimates
Maintenance
accounts.
$993,220;
related
utilized
$71,070),
$1,067,400;
bi-monthly, $210,420;
materials and supplies, $1,081,731; prepayments, $105,950; debt dis¬
count, premium and expense in process of amortization, $3,454,758;
166,667
166,G67
166,666
tain
be required
•
——
-
_
which
the company may
plant, etc., $88,595,119;
expense,
reserves
accrued
383,000
3,672,000
nrn
operation
asset
total, $102,359,955.
plant to peace-time
return
and
erties, at
securities,
1,347,545
*>71,000
4,014,000
4,449,600
paid-in surplus
a
plicable to the properties acquired
Balance Sheet, Dec. 31, 1944
^—~—r;:::
and surtax372,500
Normal tax
create
of such amounts as
its
of
_
1,405,191
1,611,742
year
Interest
out
write
Assets—Utility
incl.
expenses,
to
writing off
missions
35,561,075
41,121,558
44,444,004
—
the
to
$52,530,275 $48,167,027 $42,105,889
_
stock,
common
for
§1943.
§1942
$52,495,082 $43,155,781 $42,103,613
35,193
11,246
2,276
1944
«.gaies
Monday, April 16, 1945
260,343 issued and
will
be
totaling
extensive
year
partly
paid
off
$15,500,000
the road's net debt
the
beginning
the
inclusive
ap¬
trust
to
of
necessary
sold during the
year
$11,539,000 higher on Dec
were
was
the
of
Chesapeake
certificates
purchases
new
by the issuance of equipment trust
serially.
Six issues of equipment
year.
In
&
Ohio
has
finance
new
with
the
31
1044
the
seven-year period'
issued $45,050,000
equipment
of
necessary
equiDment
obligations
trust obliga¬
to
198R
rtsmt
fhan
iqL
equipment
support
the
Volume
national^
to
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
161
defense
and
large
these
Despite
programs.
war
in public hands in the same
property account, net debt
reduced $23,547,000.
been
additions
period has
H
$54,000,000 first mortgage bonds, Series B, 3% at 100
and interest. Further details are given below:
,
Chesapeake
since
Ohio
&
have
1937
led
its largest stockholder, Alleghany Corp.,
movement toward competitive methods in
and
the
in
rail securities.
In last year's report mention was made of
the
inquiry instituted by
the Interstate Commerce Commission to
determine whether all railroads should be required to ren tneir bond
financing
The C. & O. lines
obtainable.
competitively for the best price
filed briels in support of competition.
issues
.
v'..
1
;
May,
1944,
issues
and the railroads
possible under former methods,
believed
than
were
have
undoubtedly received higher prices for
their bonds. In addition,
have enjoyed greater independence in the choice
railroad managements
:
This rule was put into effect at the beginning of one of the most
active periods of rail financing.
Under the new rule, 15 issues of
railroad bonds, aggregating more than $500,000,000, were floated in a
period of eight months.
The list included $42,000,000 of Nickel Fiate
bonds and $50,000,000 of Pere Marquette bonds, the sale of which at
competitive bidding greatly reduced the annual interest charges of
those
y.
consultants.
financial
of
subsidiaries of
two
company.
your
Stock
Capital
1944 in the amount of Chesapeake &
remained at 7,657,355 shares ($25 par).
As in
1943, four quarterly dividends of 75 cents each and one extra
dividend of 50 cents were paid on the common stock during the year,
a
total of $3.50 per share.
Application was made to the Interstate Commerce Commission in
1943 to issue $76,000,000 of 3%%. preference stock and distribute it as
a
dividend to common stockholders.,
The application was denied by
There
during
change
no
was
outstanding.
stock
Ohio
It
Division 4 of the Interstate Commerce
1943
matter
The
had
filed
been
application
Commission, The annual report
rehearing and reconsideration of
petition for a
with the Interstate
that a
stated
for
the
reconsideration
for
of
that
Commerce Commission.
decision was denied by
-y-.
Commission.
the
the number of stockholders increased 12,117, from 60,393
1943 to 72,510 at the end of 1944.
Total number of
stockholders at the end of each of the last four years is
year
of
end
common
shown
-helow:
1944
1943
1942
72,510
60,393
the
to
distribution
public
-
;
in number of stockholders in 1944 was*
of 704,121 shares of the company's
Alleghany Corp.
10,386 separate sales, an
its largest stockholder, the
the holdings of
stock from
Public
1941
53,664
56,035
The unusually large increase
due
shares resulted in
of approximately 69 shares per sale.
ottering
average
these
of
Income
General
of
1,579,200
express.
Miscellaneous
Total
—
1,373,274
1,200,684
1,175,952
754.898
5,586,811
628,340
4,516,955
365,232
3.642,376
208,512,535 181,809,762
revenues 216,536,248
oper.
1941
756,555
5,816,933
Transportation of mailTransport,
150,273,334
Operating Expenses—
of way & struct.
26,649,293
21,728,913
15,850,251
14,221,027
equipment-
42,853,703
35,358,969
30,547,841
25,523,449
Maint.
of
Maint.
Traffic
3,039,178
2,617,247
2,680,546
2,557,874
57,561,573
1,479,828
49,023,668
41,728,214
1,290,215
821.958
34,181,061
448,318
5,283,275
5,021,253
3,786,248
3,463,034
__—
Transportation
Miscell.
_
operations
.
General '
155,463
Transp. for invest. (Cr)
Total
exps.—
oper.
95,415,C56
(52.48% )
79,669,398
51,154,950
93.467,271
income
28,514,448
22,889,572
Equip,
rents (neti____
Jt. facil. rents, net (Dry
6,117,586
1,818,846
6,059.731
1,733,155
Y
Net
revenues—
oper.
accruals
tax
Railway
Railway
oper.
60,577,698
69,998,035
36,396,354
4,706,015
1,458,784
(55.17%-)
_______
80,239,299
(53.41% )
86,394,706
49,998,352
136,866,850 115,045,265
(63.21% )
Operating ratio
in each case with accrued
gradually
vide for
if any, and to
April l in each
exceed
Issuance—Issue
Interstate
the
interest, redemption prices thereafter
and
in
sale
applicable for the Durpose, on or
with 1946, which payments
extent
commencing
year
$270,000
any
of
and are not cumulative.
year,
these
interest), to¬
the
the
($53,627,400 exclusive of accrued
to be provided from
company's treasury to the extent required, will be applied to
redemption on July 1, 1845, of $54,364,442 of bonds, as follows:
with
sinking
hands
moneys
and
funds
of
bonds, series A,
the
plan of reorganization
at
plus interest.
104.35,
at
All
prior
or
the
of
4%
redemption
to
'
date.
due
Jan.
Jan.
due
50,319,230
2,505,968
1,266,011
1969,
l,
distribution
for
to
persons
fund will be cancelled on or before said redemption date, /
Company—Company was formed in 1859 under special Acts of the
Legislatures of the States of Wisconsin and Illinois to acquire the
railroad of Chicago, St. Paul & Fond du Lac Rail Road upon fore¬
closure sale.
In 1935, when proceedings for its reorganization were
commenced, company was a corporation organized and existing under
the
laws
States
the
of
consolidations
of
a
number
railroad
of
28,
1935,
reorganization
confirmed
was
of
notes
1,
p.
due
1945,
at
of'the
office
1539.
the
the
be
will
.
Equitable
the
and
York
New
undertaken
Restaurant
Service
Life
Assurance
Co.
its
and
ad¬
the Childs Company and Local 42,
Union, A. F. of L.
Tne com¬
by
Employees
pany is paying the entire cost of the program and will extend it to
approximately 2,600 employees throughout tne country.—V. 161, p. 876.
firmation
Chrysler Corp.—New Vice President—
of
Election
has
years.—V.
L.
Purdy
J.
a director and Vice-President in charge
division was announced on April 3.
Mr.
of the Dodge truck plant seven
as
the Dodge Corp.
trucks of
of
General
161, p. 1421.
been
Manager
City Ice & Fuel Co.—Plans Diversification—
by
meeting
annual
in¬
of
articles
approved
for diversification of the company's business, an
the office of chairman of the board and ap¬
calling
amendment
abolishing
resolution providing for indemnification of directors.
J. Sinek, President, said the company in 1944 "retired all
stock, advantageously disposed of a number of its nonoperating properties," and "operated satisfactorily in the first quarter
a
William
its
preferred
of
1945."—V.
R.
161, p. 205.
Cliffs Corp.—New Director—
(The)
J.
President
Morfa,
Securities,
Commonwealth
of
of the board of directors of The
Assistant to the Chairman
&
Inc., and
Chesapeake
March 21 was elected a director to fill a vacancy.
Commonwealth Securities, Inc., was the beneficial owner, on Feb. 15,
Ohio
Ry.,
on
Cliffs Corp. capital stock.—V. 161, p. 308.
of 48,000 shares of
1945,
Colonial Stores, Inc.—March Sales Lower—
—V.
1945—13 Wks.—1944
1945—5 Wks.—1944
Period End. Mar. 31—
Sales
$9,104,844 $23,051,430 $23,427,904
$8,735,043
—
1199.
161. p.
Commonwealth Edison Co.—Weekly Output—
Electricity output of the Commonwealth Edison group of
«
companies,
for the week ended April 7,
1945, showed a 2.0% decrease from the corresponding period in 1944.
Following are kilowatt-hour output totals of the past four weeks and
percentage comparisons with last year.
sales to other electric utilities,
excluding
189,124,000
—-
Mar.
19
161,
*2.2
0.6
191,421,000
196,287,000
192,976,000
*Decrease.—V.
2.0
193,357,000
;
192,545,000
24
Mar.
188,898,000
192,633,000
7—
Mar. 31
% Incr.
1944
1945
Week Ended—
April
thereafter
was
the
at
stockholders
The
corporation
*.
*1.7
1540.
p.
Commonwealth & Southern Corp.—Weekly Output—
The
of subsidiaries of
conditions of terri¬
weekly kilowatt-hour output of electric energy
corporation adjusted to show general business
this
April 5, 1945, amounted to- 255,070,709
as compared
with 249,300,655 for the corresponding week in 1944, an
increase of 5,770,054 or 2.31%.—V. 161, p. 1540.
.
I
v
tory served for the week ended
,
to
terminate its corporate existence under the laws of
and Illinois.
Pursuant to order of the court entered
29,
1944,
the company's properties
were
returned to it on
1, 1944, and thereafter various documents were executed, new
taken
was
Michigan
19,678,804
the
at
insurance
group
in
for
3
ministration
•" y '
company
to security holders and ether creditors, the same
the court cn June 27. 1941.
The order of con¬
affirmed on appeal to the U. S. Circuit
Court of Appeals for the Seventh Circuit and subsequently petitions
to the U. S. Supreme Court for writs of certiorari to review the latter
judgment were denied.
Further litigation established the finality of
the confirmation order, as affirmed.
Thereafter in the course of
carrying out the plan of reorganization, the company was continued,
with its charter amended,
as
a
corporation organized and existing
under the laws of
the State of Wisconsin, and appropriate action
of
April
and Illinois, as a
companies effected
Michigan
Wisconsin,
of
with
1859 to 1883.
commenced proceedings for its reor¬
ganization by filing a petition under Section 77 of the Bankruptcy Act
in
the U. S.
District Court for the Northern District of Illinois,
Eastern Division, on which date an order approving the petition was
entered by the court.
On Oct. 12, 194C*, the court entered an order
approving, with certain minor modifications, a plan of reorganization
which had
been duly approved and certified to
the court by the
Interstate Commerce Commission.
Following submission of the plan
June
On
first
the
be
divisional
outstanding in the hands of the public
entitled thereto under the plan of
reorganization, at 102.35, plus interest accrued and unpaid to the
redemption date.
An aggregate of $19,000 of bonds held in sinking
bonds,
held
or
4%
July
on
made
be
Insurance Plan, etc.—
Co.—Group
comprehensive
proved
$3,904,000
bonds,
All of the $2,481,000 first mortgage Des Plaines Valley
(3)
4%
collateral
redemption
will
and social security program, said
chain restaurant industry, was put into effect
employees of this company.
The plan provides for each eligible employee a $1,000 life insurance
policy, $1,000 accidental death and dismemberment benefits, weekly
disability benefits in the event of accident or sickness, hospitalization
and surgical reimbursement benefits and medical care.
It will cover
approximately 2,400 production employees of the company in New York.
The plan is underwritten by the Blue Cross-Associated Hospital Serv¬
to
on
An
first mortgage Sioux City & Pacific
1, 1969, outstanding in the hands of
the public or held for distribution to persons entitled thereto under
the plan of reorganization, at 102.35, plus interest accrued and unpaid
to redemption date.
An aggregate of $96,000 of bonds held in sinking
fund will be cancelled on or before redemption date.
(2)
divisional
Childs
A
Purdy
aggregate of $7,783,180 of the bonds and scrip, previously outstanding
but now held in the company's treasury, is to be surrendered for can¬
cellation
15-year
for
Payment
1,
under
thereto
called
at 111 Broadway, New York 6, N. Y.—V. 161,
1989, represented by bonds and scrip outstanding in
the public or held for distribution to persons entitled
due Jan.
the
fund
All of the $47,979,442 first and general mortgage
(1)
4%,
outstanding
been
Island.
Rhode
Purpose—Net proceed
gether
have
interest.
company
Chain
Legal Investments for Savings—In the .opinion of counsel for pur¬
chasers. these bonds will be legal investments for savings banks in
California, Maine, Massachusetts, New Hampshire, New Jersey, Ohio
and
$6,224,000
1954,
and
ice
subject to authorization by
bonds
Commission.
Commerce
the
of
1,
100.0085
»;.v
>•
'
All
Jan.
The initial redemption
scaling downward.
The supplemental indenture will pro¬
sinking fund for the series B bonds into which the company
obligated
to make annual payments out of available net
not
may
4 ''
1989.
a
be
income,
before
result
$
$
$
179,128,139 163,970,199 140,222,
21,669,414 11,493,584
4,831.741
$
redemption
the
l,
part on any interest date.
cr
through 1949 will be 102 of principal
in case of
for sinking fund for series B bonds, and 105 in case of
for debt retirement sinking fuhd or at option of com¬
redemption
will
1945;'due Jan.
all
effective
during the period
1942
1943
1944
Operating Revenues—
-
for Calendar Years
Account
Freight traffic _______ 184,876,712
Passenger traffic
23,506,846
Jan." 1,
Redeemable
.
Increase
Stockholders
Last
at the
Dated
prices
pany,
-
the Commission adopted a rule requiring that railroad
be sold by competitive methods.
As a result of this
rule the primary market for rail bond issues has been greatly broad¬
ened.
Bankers have handled rail financing on smaller profit margins
In
security
Calls 4% Notes—
Chicago & North Western Ry.—Bonds Offered—Men¬
was made
in our issue of April 6 of the offering
tion
of
Competitive Bidding
1653
May
June
mades available *or delivery to those entitled
thereto, and other action was taken to effect the consummation of
the plan of reorganization.
On March 1. 1945, a final decree was
entered
in
the
reorganization
proceedings terminating
the same,
except as jurisdiction was reserved by the court with respect to minor
matters then the subject of controversy.
'
.V.
securities
issued
were
.
Community Water Service Co. (& Subs.)—Income
count—
;yy
'
ty".
y
or
':'
.'ft
'
•'
■
'
■
' '
Ac¬
■
$6,648,908
1943
$6,471,924
3,769,457
3,439,644
386,762
5,150
406,235
5,150
1,317,988
534,i.87
8,112
1,323,117
351,915
354,107
$275,237
31—
12 Months Ended Dec.
$399,914
1944
r
earnings
Gross
' "
■ '
expenses', maintenance and taxes—
Provision for depreciation and retirements
Amortization of property account adjustments.
*Operating
•
Net
Dividend income
______
income
Other"
Interest
applic.
other
39,111,592
41,459,694
53,024,217
7,349.962
8,008,505
7,804,829
49,047
4.9,669
27,340,995
31,358,680
'-■/
v y;"
49,563
248,189
230,597
33,153,437
44,939,744
,
y
sink. &
to
-
•
Y
501,715
506,548
512,086
520,582
26,839,280
30,852,133
32,641,351
44,419,162
lunds—
reserve
Inc. balance tranrf. to
Divs.
4%
on
loss
and
profit
'
_____
dividends
Common
it
non-cum.
stock
preferred
—
457,581
610,055
609,849
26,800,739
26,800,739
26,800,979
—_
26,800,739
—
Earned per sh. on cornmen
stock ($25 par)
$4.04
$3.57
$4.25
$5.79
Comparative General Balance Sheet, Dec. 31.
Y
Cash
and
Net
road, equipment,
in
and
bills
dividends receivable
and
Interest
agents
supplies—.
and
Material
;
& conductors.
receivable—
from
accounts
Miscellaneous
_
———
____——
receivable
receiv.
balance
etc
investments—
cash
temporary
deposits
Special
Loans
1944
■
*'
Assets
Investments
Rents
receivable
Other
current
assets
assets
Deferred
Unadjusted
,
13,026,547
89,169
1,894,415
4,940,856
8,993,907
233,407
58,031
2,192,136
951,164
8,556,647
8,055,282
7,007,898
223,000
44,398
571,604
788,346,101
———
191,433 ,919
191,433,919
—
2,301 ,093
2,301,093
Liabilities—
Funded
debt
Traffic
.
capital stock
on
and
Audited
:
car-service
accounts
matured
Interest
Dividends
Unmatured
Accrued
rents
deferred
Unadjusted
Unearned
credits
Earned
—
—
surplus
surplus ____—»
,
Common
stock
-V.
161,
P.
214,368 ,000 202,739,000
Purchasers—The
89,652,672
91.452,638
—
several purchasers of
Amount
'
Lehman
Blyth & Co., Inc
2,100,000
Butcher & Sherrerd—
250,000
81,630,264
Amount
McDonald
312,898
9,937,247
748,142
630,962
5,806,332
Dominick
1,847,841
Drexel
Clark,
& Co
Dominick_
Dodge
&
399 ,963
371,455
55,118,276
4,341,154
Fahey,
1,203,359
The First
&
Co..
Eastman, Dillon &
Estabrook & Co
750,000
500,000
1,520,000
Co,_ 1,520,000
1,000,000
250,0^0
Clark & Co.
Lee
Co.
Merrill
Int.,
of
Net
&
Merrill,
-
1943
V.
160, P.
Ohio
The
Harriman
788,346,101
Harris,
_
&
Hall
(Inc.)
-
1,000,000
—
300.000
350,000
350,000
Hemohill, Noyes & Co._ 1,520,000
W. E. Hutton & Co
1,520,000
Jra
Haupt
&
Co.——
Hawlev, Shepard & Co.
Hayden, Miller & Co,— '
The
Illinois
Co
Kidder, Peabody & Co._
Co._—..—_
350,000
2,100,000
350,000
Boyce—_
&
Stein
Bros.
& Webster
350,000
and
2,100,000
Stroud & Co.,
Inc
750,000
Tucker, Anthony & Co. 1,000,000
Bloaget,
Union
Inc.
Securities
Whiting,
Weeks
Corp._
&
Dean
Wisconsin
Witter
2,100,000
&
reduced by approximately $110,000
credits arising in a prior year.—
on
Co.,
and
by the Federal Trade Commission
completed March 30 following testimony by
the complaint filed
chemical engineer employed by the American
Gordon C. Willard, Assistant Secretary of the
M. J. Seavy,
a
concern.
Instrument
respondent
,
reviewed by the trial examiner,
W. W. Sheppard, who stated March 30 that "as soon as I can, I will
have the findings".
Under the new rule of the FTC, he added, he
could render the decision, but since this was "an old case", it will
have to be decided by the Commission.
Company started using felt as backing for linoleum in 1942, Mr.
Willard explained, almost immediately after the expiration of patents
that had
been held by the Armstrong Cork Co., Inc., and SloaneBlabon, Inc., from about 1915.
These companies never really manu¬
factured any large amount of this type of product, however, he added.
The
issue involved in
the case, it was pointed out by John W.
Cassedy, trial attorney for the FTC, is the right of Congoleum-Nairn
to
advertise as linoleum a floor covering having a linoleum wear
surface
with
felt backing when linoleum
as generally known for
seventy-five years has always had a burlap backing,
Hearings in the case were started early last year.—V. 160, p. 428.
Evidence
in
the
case
will now
be
Consolidated Edison Co. of New York,
Co
Co.—"
Inc.—Output—
April 11 announced that system output of electricity
(electricity generated and purchased) for the week ended 1 April 8,
1945, amounting to 164,900,000 kwh., compared with 198,500,000 kwh.
for the corresponding week of 1944, a decrease of 16.9%.
Ijocal dis¬
tribution of electricity amounted to ] 62,000.000 kwh., compared with
197,000,000 kwh. for the corresponding week of last year, a (decrease
of 17.8%.—V. 161. p. 1640.
(
The company
on
,
750.000
750,000
Inc.—March Sales—*-
Consolidated Retail Stores,
Period End. Mar. 31—
Sales
-
1945—Month—1944
$2,810,636 $2,202,103
1945—3 MoS.—1944
$6,548,549 $5,241,403
Plan Ratified—
The stockholders
authorized
40,000
.
April 9 approved an
preferred stock of no
at the annual meeting held on
shares
of
$2.75
cumulative
will be issued.
Holder^ of the
stock, par $100, will be given the
$2.75 preferred on the basis of 2.3
share of 8% preferred.
Unsub¬
scribed shares will be offered to the public by underwriters at $50 per
share plus accrued dividends.
The corporation intends to call at $115
per share all 8% not exchanged.—See V. 161, p.11540.
f
par
value, of which 30,000 shares
presently outstanding 8% preferred
right to exchange such stock for the
shares of $2.75 preferred for each
I
1
Corning Glass
.
500,000
Stubbs
The
tax
Congoleum-Nairn, Inc.—Case Completed by FTC—
250,000
Co.— 2,100,000
&
Barney
were
certain
2293.
Hearings
250,000
Co
&
income
of
against the company were
250,000
Co.—
Stone
2,100,000
Co.
Co._
500,000
Salomon Bros & Hutzler 2,100,000
Shields &
Co.—
1,520,000
&
on
result
a
9,369
350,000
1,520,000
Minsch, Monell & Co
Smith,
139,019,909
&
—
—
taxes
as
534,389
and expenses, etc.,
—
income
*Federal
Corp. 2,100,000
Beane
Turben
parent
in
Lynch, Pierce,
Fenner
Ropley & Co.,
153,142 253
Co.______
Securities
& Co.— 2,100,000
Sachs & Co.- 2.100,000
& Co.__—„ 1,520,000
Forgan
Goldman,
500,000
&
Mellon
Hallgarten
Glore.
279,729
&
;
Reynolds
30,234,608
$250,000
1,520,000
2,100,000
Marks
M.
Laurence
Riter
281 135
_
Brothers
Boston Corp._ 2,100.000
16,430 545
C0._
Corp.
Higginson
;
the company's
Name—
Kirkpatrick-Pettis
Loeb & Co
$2,120,000
A. C. Allyn & Co., Inc.
750,000
Bacon, Whipple & Co.„
350,000
A. G, Baker & Co., Inc. 1,520,000
Kuhn,
810 ,926
1421.
of the
bonds, series B, 3%, due Jan. l, 1989. and the principal
amount of such bonds which they respectively have agreed to pur¬
chase are as follows:
y
:
>
y
;y
,r":"
v.
1,645 ,281
162,393 717 142,017,176
names
Interest
amort, of debt disct,
Minority
first mortgage
9,115 ,829
Chesapeake & Potomac Telephone Co. (Bait.)—Gains
The company had a net gain of 918 stations during March, com¬
pared with 357 in March, 1944, and 285 in the like 1943 month.
For
the
first three months of the year the company had a net
gain of 3,114 stations compared with 925 in 1944 and 9,837 in the
like period of 1943i—V. 161, p. 1312.
21,485,857
series A
par)—_—_——
(no
Inc.
Total
$54,000,000
4M2% convertible income bonds,
Preferred stock, series A, 5%».—
814,061,762
surplus
Appropriated
Refunding Operation and
mortgage
Second
amort,
Omaha Ry.
obligations
Equipment
3,073 ,778
•
liabilities——_—
&
Redemption of Collateral Notes
574 845
liability
liabilities
tax
current
Other
Minneapolis
Paul,
of deVt disct. premium (net) and
expenses,
etc., of subsidiaries
Preferred dividends of subsidiaries—,
Int.,
a
bonds, series B, 3%———
mortgage
First
49,719 ,521
accrued———
forming
Outstanding Giving Effect to
Capitalization
1,897 ,409
accrued——
Saint
part of the svstem Twin Cities-Omaha
through route; from Chicago, HI., through Madison and Elroy, Wis.,
and Winona, Minn., to Rapid City, S. Dak.: from Chicago, ill., through
Milwaukee, Fond du Lac, Oshkosh and Green Bay, Wis., to Ishpeming,
Mich.;
from
Milwaukee through Sheboygan, Manitowoc and Green
Bay to Ashland, Wis.; and from Milwaukee to Wyeville, Wis., the
connection point with the lines of the Omaha which reach St. Paul,
Minneapolis
and Duluth,
Minn.
Included in the foregoing total
mileage is approximately 50 miles owned by the company's whoilyowned
subsidiary, Escanaba, Iron Mountain & Western RR., which
is operated by the company under lease expiring March 1, 1969.
Also
included
in
the
above mentioned total mileage are
a
number of
secondary main lines and branch lines some of which interconnect the
principal main lines.
:
5,821 ,219
unpaid—_—
interest
Chicago,
City, Iowa,
652 ,328
balances
payablepayable
matured unpaid
Unmatured
Total
—
and wages
accounts
Miscellaneous
subsidiary,
Sioux
Name—
stock
Premium
pany's
at
3,021,964
5,120,889
L
Common
Mileage—Company operates approximately 8,000 miles
gauge railroad in the States of Illinois, Wisconsin, Iowa,
Michigan, North Dakota, South Dakota,
Wyoming and
Nebraska, of which approximately 950 miles are double track.
The
principal lines of railroad so operated by the company extend from
Chicago, 111., to Council Bluffs, Iowa; from Nelson (near Sterling, 111.,
on
the Chicago-Council Bluffs maine line) to De Camp, 111., the point
of connection with the Litchfield & Madison Ry. which runs to the
East
St.
LouiS;
Illinois-St. Louis,
Missouri industrial area; from
Missouri
Valley, Iowa, to Casper, Wyo.;
from California Junction
(near Missouri Valley) to the connection with the line of the com¬
standard
118.411
2,411,457
814,061,762
—
Total
-
1943
$
$
732,751,467 701,522,855
52,425,484
43,809,774
4,387,102
debits
Territory and
of
Minnesota,
_________
Disposition of net inc.— ;
Inc.
274,391
1,190,639
353,281
from
income
Net
677,993
1,138,116
49,691
323,774
deduct,
Misc.
849,084
inc.
leased roads_ v
for
Rents
debt
on
51,559,187
1,046,360
34,780,554
7,066,093
income
Gross
39,643,584
37,216,148
32,813,189
989,141;
978,224
income-
oper.
ry.
The City
Works—Transfer Agent—
Bank Farmers Trust Co. has been
agent for 3,000,000
V. 161, p. 1422.
shares
of
the
$5
par
'
.
•
i'
>
appointed sole, transfer
value common stock.—
t
1654
THE COMMERCIAL & FINANCIAL CHRONICLE
du
Crown Drug: Co.- -March Sales Increased 5.22%—
Pont
motion
Period End. Mar. 31—
Gales
1945—Month—1944
$1,012,631
—
—V.
161, p.
1945—6 Mos.—1944
$5,955,944
$962,397
have been called for redemption on May 6,
$23,800 of first mortgage bonds at par and interest.
office
of
Miami, Fla.—V. 161,
p.
Chester
James
trustee,
Donn,
1945,
total
a
17th
W.
of
will be
Payment
N.
2790
'
Hockley,
Federal
chief
On
March
solely
company
stock.
in
These
exchange
additional shares
for outstanding
prior
were
Agreement
Jan.
1,
each
share
into
10
1949
of
thereafter
(and
prior
provides that between
preferred
the discretion
at
also
stock
be
may
and
converted
In
if
1945,
directors)
1,
exchanged
"A"
stock
This
1
to
complete
/.
.
A.
B.
Newhall, Treasurer,
>
-\.r,''';
■-/
stock
for
or
♦Sales
$3,589,178
1094.
sales
of
A.
S.
Beck
chain
Period End. Mar. 31—
shoe
$721,942
tSales
with
1,118,434
V.
161,
outlets
$6,284,968
stores.—V.
a
of
811,967
Period End. Jan. 31—
Prof.
aft.
&
all
exc,
of
6,405,949
161,
the
to
is
1945—6 Mos.—1944
$7,209,215
$33,451,356
24,064,681
the
>
as
Inventory
$9,386,675
the
a
On
held
March
in
19,
the
of
the
from
railway,
three
At
that
pany's
the
then
A
thereby
the
the
shareholders
Terminal
Tower
in
of
voted
to
1,200,000
shares,
for
bringing the
/
"
was
1
the
Electric
total
holders
of
issued
the
stock
453,000
shares
906,000
will
of new
then
stock.
fcumiug of business March
\
The
outstanding shares of old $1
of the new £0-cent par
sales
stock
Earnings for Quarter
Ended
Jan.
_____________
'Iccodes for
&
Equipment
the
Co.,
Gas Construction
_
335,000
$1.62
$1.16
.
stock
for
It
year,
161.
fiwson Oil
C
C
I- uuhi
i
o
h
Backlog 'Y-/
;
$1,124,975
1943
131,425
194,162
137,364
80,040
____
of
ecu it,
the outstanding
share
per
j
£.99,688;
in
other
common
stock
on
the
103,532
banks
preferred
and
on
is
hand,
Payable, $62,716;
due
officers
to
recommend
their
changes
de
in
company's
do
97,121
•14,099
to
from
include
111,220
the
In both periods.—V.
system
161, p.
1945—Month—1944
$5,600,161
inputs
of
1541.
any
have
voted
is
It
the
company with
Nemours & Co.
Y
Co
Inc
that the directors
had
stockholders the acceptance
of an offer
the photo products
department of E. I
The
terms
were
personnel
were
contemplated,
principal product is sensitized
he
not
announced
said
photographic
The
No
Defender
papers,
which
$3,666,352 $11,819,284
recommend
the
to
outstanding
15,
$9,242;
gross
$9,123,002
1
bond
interest
physical
of
as
and
$39,637:
with
taxes
respect
properties.
Dec. 31,
'
:
1
accounts
receivable, $347; U. S. Treasury
property and equipment, less reserve for.4
prepaid insurance and deferred charges, $11,-*
'
t.
to Dec.
31, 1944 of $8,802), $56,198; $3 cumulative
value $1 eachi; $12,220; common stock (par value
ipar
capital
surplus,
accrued
$362,289;
surplus
arising
from
^
purchase
in
Dividends
$3
from
made
in
the
accumulated
cumulative
April 1,
1935
foregoing statement for this liability, f / ;■; ' V
unpaid in respect of the outstandings
but
preferred
stock
to Dec.
amounted
31,
1944.—V.
to
$239,842
157,
for
the
period
•
2041.
p.
Fire Association of Philadelphia—Stock Dividend—
The directors have declared
stock,
subject
April
18,
holders
made
to
to
approval
1945.
of
of
The
record
of
the
the
stock
June
dividend
stated.—V.
was
at
if
business
30.
20%
the
on
special
a
approved,
of
close
stockholders after
dividend of
stockholders
dividend,
of
as
stock
a
would
meeting
be
on
has
Certificates
will not
participate
161, p. 766.
in
dividends
until
i'.
1945—Month—1944
$596,414
" ■;*:
1945—3 Mos.—1944
$416,910
$1,334,526
$1,108,750
'
,
Food Machinery
Corp.—Rights to Subscribe—
Subscription warrants entitling
common stockholders of the corpo**
107,010 additional shares' ($10 par i common stock
became effective April 6.
Stockholders of record April 6 have1 the5
right to subscribe for. new shares at $52.50 a share in the ratio of-
ration
to
purchase
additional
one
privilege
by
Proceeds
and
share
for
each
four
shares held.
The
subscription;
April 18.
Unsubscribed shares will be underwrittenJ
headed by Kidder, Peabody & Co. and Mitchum, Tully & Ckx *
expires
a group
from
the
15-year 3%
accrued
financing will be applied to redemption of $3,«
sinking fund debentures due Dec. 1, 1956, at lot
interest.
The
balance
offering prospectus
the
of
proceeds
will
be
added
to
issuance~"o}J
states
that, subsequent to the
stock, directors of the corporation intend to declare a
payable in common stock at the rate of one share for each
additional
four
shares then
outstanding.
Upon the
to be
outstanding after the financing and
dividend, the corporation proposes to declare
common
668,810
common
payment
the ®
of
dividend
a
of
a
share at the next quarterly dividend
meeting.
During
four years dividends of $1.75 a share were paid
annually on
smaller number of shares then
outstanding:
40
the 1
the":
i
,
Associated
the
2-for-l
a
to
payment to boJ
distributed in pay-t
1316.
with Kidder, Peabody & Co. and
Mitchum, Tully & Co.
underwriting are Blyth & Co., Inc.; Eastman, Dillon &
the
Co.;.
Goldman, Sachs & Co.; Harriman Ripley &&'
Brothers; Merrill Lynch, Pierce, Fenner &
Beane;)
Union Securities Corp,; White,
Weld & Co.; Clark,
Dodge & Co.;
Paine, Webber, Jackson & Curtis; Folger, Nolan & Co., and
Schoellkopf, Hutton & Pomeroy, Inc.—V. 161, p. 1542.
1
The
at
on';
payable
April 18,
(M. H.) Fishman Co., Inc.—March Sales—
161, p.
.
capital1
cents
.
stockholders
common
.
it
1944
$51,020;
1944
Vision has been
shares
First
Boston
Co.,
Inc.;
Lehman
Franklin
Corp.;
Stores Corp.—March
Period End. Mar. 31—
—V.
Manufacturing Co., Inc.—New Control—
that
56,204
Mr.
President
'
common
shares
of
the
Fedders
Manufac¬
its
the
will
Quigan
be
elected
Chairman.
is
company,
slated
to
Salvatore
that
be
elected
will
range
earnings of Fedders for the March
from 35 cents to 40 cents a share of
stated
loan
31
that
Chicago on April
par) Class A stock at $10
Company
The
•March
profit
results
depreciation
Francis
H.
annual
premium
*1945
and
1944
$532,775
estimated.
tBefore
Federal
•
$558,200
and
State
1943-
,
$337,664
income
taxes,
depletion.
price" plan
of
company's earnings.
the
Government
played
He said he believes
an
important
part
in
earnings for the remain¬
5
;■/'<>
Chicago.
will continue the sale of frozen foods
formerly
Deepfreeze Distributors, Inc., and will sell
freezing cabi¬
nets to homes when they
again become available for distribution, which
i
the management believes
may be this year.
Another post-war devel-f
opment on which thtf company is now
working is a new method-ofV
ageing meat. This is being developed in cooperation with a
large pack-4
ing company.
"
by
Proceeds
from
working capital
is planning.
Capitalization
will
10,003
are
Bishop
and H.
be
the
and
financing
for
the
be
used
to
program
provide
which
W.
of
consists
of
20,000
outstanding,
Welsh'
>
company
>
and
->
shares
20,000
of
class
shares
of
Eliot
A
of
class
which
B
(Welsh.
of
Davis
Radiator
Janeway
&
General
Co.)
Co.)
is
President,
Foods
will
(economist
Corp,
be
and
Chairman.
and
lecturert;
Co.—Orders Received Up
Number
—
of
Wetmore
former
James
1%
R.
the '
t
Corp)*1'
-V'
-
1945
1944
M
$395,466,000 $391,901.000
Stockholders—
Electric
stockholders gained 5,000 in number
during the'
according to a statement made public by W. W.
Trench "
Secretary, stating that the total on March 9, 1945, was
235,742 as"
compared with 230,910 on March 10, 1944.
The present
figure is an
all time high, for this company.—V.
161, p. 1425.
past
year
*
Vice-"-?
Among
International
Minerals
&
Chemical
(Vice-President of Joyce & Co.).
received
Record
which'?
Y'*.
and
(Vice-President,
Edward Reeves
10.000 *
of
:
President
American
are
additional-
the
-
Quarter Ended March 31—
Orders
will
expansion
outstanding.
(former
General
Brownell, Chairman and President, told stockholders at
meeting, on April 9, that bonus payments under the
($10
company
new
handled
General Electric
Smelting Co.—Earnings—
shares
organized to take over certain assets of
Deepfreeze >
Distributors, Inc., among them the company's frozen foods store
ii*c
Hubbard Woods, Chicago suburb,
first in this area and one of the
first in the country.
Another store is to be opened in
LaGrange. 111., '•
as
soon
as
conditions permit, and other stores are
planned for Oak
Park and Evanston, 111., and the
Beverly Hills section of
directors
has paid off in full, the balance of its
Offered—Welsh, Davis &
12 offered 10,000
per share.
was
President
the company
1945—9 Mos.—1944
$1,643,247 $16,998,408 $14,273,612 ?
Foods, Inc.—Slock
of
William
outstanding and is entirely free of bank indebtedness. ""As of
last, this VT loan amounted to $600,000.—V. 156, p. 252.
31.7
878.
p,
Freezer
Co.
Sales Increased
1945—Month—1944
$2,165,320
161,
shares
estimated
this year
of
of
Quigan
•'
Quigan
tOperating
the
$40,612
revenue
of
respect of the outstanding 15-year 6% •
income first mortgage bonds for the
period from April 1, 1935 to Dec.
31, 1944, less amount paid thereon, amounted to $480,570.
No pro-V
dividend
Quigan, Inc., Maspeth, L. I., N. Y., manufacturers of hand¬
purchased
Quarter Ended March 31—
the
15,838,
$50,012
bonds, $446*147; surplus from operations, $56,142; total, $2,232,325.'
the
1945—3 Mos.—1944
Pays Bank Loan—
VT
33.173
7,562
past
to
splitting
118,805
32,558
mortgage
$39,840;
Note—Interest
The
an increase in the present authorized common
200,000 shares of $1 par to 500,000 of the same par value
of
$217,827
116,417
working capital.
,
the company's
on
1943;:'^
$231,951
etc
$2,232,325/
June
$1),
of
*12.7
not
capital stock.-
afc COSt)' £>$841,479; total,'
Supply
first
depreciation
preferred stock
Hodges
Co.—Merger
Dudley Field, President of the Defender
Photo
Rochester, N. Y
on
April 7, announced
Pont
y
Co.
figures
Federal Mining &
du Pont de Nemours &
L
merge
has
quarter
Dec.
Years
income
i
Mr.
384'*
Calendar
"
Giordano,
stock
iie887^llC^m°i60StpClC2,'<9446,828 Shar6S
du
Light
amended plan for reorganization
May 4, it is announced.—V. 161, p. 461.
expected
and
31, 1939, $158
of
*3.1
Y
purpose
President.
employees,
liabilities, $88,751; $1.50 cumulative convertible
pre¬
(par $20), $303,400; common stock
(par $1),
$460 520'
paid-in surplus, $1,654,012; earned
surplus since Dec.
voted
•2,810
closely associated with Mr. Quigan, head of the company, represent
a
majority of the 231.741 shares of Fedders capital stock
outstanding.
At the annual meeting of Fedders on
April 16 in Buffalo, N. Y., it
and equipment not used in business,
deferred charges,
$11,594; total, $1,887,311. 1
prepaid and
to
89,528
group
1944, after paying
stock, amounted to 29
$261,380; receivables (net),
$54,653; investments, $267,859; deferred receiv¬
investments, $85,818; property, plant and
equipment
_1Lricabilities—A_,cc°u,nt3
£.1,056; accrued
(E. I.)
86,718
The
stock
acquired by the Quigan corporation, together with
previous holdings of about 23,000 shares and the holdings of a
for
Z^'x,!960,536? ,iand' buildings
$146,283;
ferred
3.7
c
Inc., of Buffalo, N. Y„ and has received an option to buy
additional shares.
The
stock
was
purchased from Theodore
C. Fedders, President, other members of the Fedders
family and from
Warren E, Detenbeck, Executive Vice-President.
inventories,
and
6,173
Amount- Pet,
12,398
Balance Sheet, Dec. 31, 1944
Aoam—Cash
1944
165,737
turing Co.,
33,832
114,122
r___
share.
i,er
$1.50
Increase—
,1945
Is
bags,
$845,569
268,790
225,093
for
1959/56,
total,
—V.
James S. Ogsbury,
President, April 2, said in part: "The net sales
1944, after giving effect to a provision fpr renegotiation refund in
line with prior year's settlements and
adjustments resulting from final
settlement of wholly or
partially terminated contracts, should approxi¬
mate
$42,000,000 as compared with $46,780,000 in the
year
1943.—
V. 160, p. 2182.
and
Y
419,255
etc._~_.~Z
uLome
c^meuds
&
the bondsf.
on
$75,414
in
Period End. Mar. 31—
766.
Fedders
"t.iore taxes____„__
) fcjerau and State income
on
of
excess
meeting May 15
Frank J.
1944
J>
ables
1943
Vil-'
»
depletion, depreciation,
depreciation, etc
,H'ngs
in
Fairchild Camera & Instrument
Corp.—Sales—
Co.—Earnings—
Years—■
yefore
I
of
-income
vi(ety>n,
*IY
out
V:
paid
changes
Sales
1422.
p.
______
3>
aside
of
700,000
p.
from
interest
y
payable
principal amount.
for
repairs,
included
and
ment
received
person
by
oacklog of unfilled orders of $46,850,000 at Feb.
28, 1945 com¬
iavorardy with that of $38,000,000 at the
beginning of our 1945
fiscal ;vcur.~V.
securities.
directors and officers
to
for
,
pared
approved
Washing¬
totaled $894,241.
Against
$750,000 has been set
Y
The
by
understood that if the proposal is approved the-board
plans
to
consider maintenance
of
the present cash dividend of $1.20 a
share of the new stock.—V.
161, p. 1094,
at
Total
declared
so
500;
15-year
6%
income
first
mortgage
bonds
due
April
1,
1950,
13-year 6% debentures, secured by deposit and pledge of
general mortgage bonds of like amount due April 1, 1947, with Trustee '
(less proportion of annual amount due from holder
applicable to period
salary
the Gov¬
171,910
'
>
Light Corp.
directors
the
interest
$1,158,000;
1446.
p.
basis.
1944.
Renegotiation
of
1944
Eversharp, Inc.—Plans 2-for-l Split-Up—
The
time, the operations of International Derrick
Roots-Connersville Blower Corp., and Stacey Bros.
this, a total provision
1944 earnings,,,
in
the
The
appointed
are
be
must
obtain
to
>
April
Light Co.
above
hearing
annual
first
The final renegotiation
settlement on 1943 business as
the Government's War
Contracts Price Adjustment Board
ton, af>er the close of the 1944 fiscal
■
trustees
number.
own
inasmuch
totals,
a
Liabilities—Accounts payable and accrued
expenses, $8,142; prepaid,
rentals, $1,446; not payable to holder of 13-year 6% debentures, $122,-t
in
388,643
$15.
to
the
of
The
miscellaneous
tenant
Assets—Cash,
bonds
reduction of the capital stock from
a
159,
of— YY'Y
&
&
Power
jbeen set for
453,000
____________
Co., acquired Nov. 1,
of
road
1944
735,123
___________________
___
the
Equitable Office Bldg. Corp.—Hearing on Plan—
$17,905,339 $11,232,145
Net
4%
Balance Sheet
stock
31
Shares
Subs,
Power
161,
The
earnings
outstanding
Earnings per share__„_______
of
Inc.—Weekly Input—
ended
_________________
—V.
27.
1945.
income
^Available
Slate
Edison Brothers Stores, Inc.—-March Sales-
1,339,909 authorized but un¬
split was effective at the be-
order
taxes__________
rental
thereto,
long
of outstanding voting
paid
approved
period End. Mar. 31—
shares
remain
#1945
Net
•Net
Corp,.—Reduces Capitalization—
companies not appearing
Sales
previously
receive
will
There
before
•Decrease.
of
stock.
week
Note—The
„•
£,.3945, for Day & Night.
value
it
Directors'
—
board
two
was
$1,572,132.—V
Power
National
authorized
V
•/
154,091 shares of the new stock arc being utilized
acquire Day & Night Manufacturing Co., Kobe, Inc., and Payne
Co., all located in Southern California.
The acquisitioins be¬
come effective as of Feb.
l, 1945, for Kobe and Payne and as of April
par
file
i-'P'
tt>
value
to
the
American
com¬
J 'urnaee
The
to
trustees
$135,625, but no
that year.—V. 161, p. 1423.
Operating
split 2
to
depreciation, $2,129,542;
Ry.
their
whom
Cleve¬
shares of common stock, Increasing
1,200,000 shares.
The shareholders also au¬
to
it
5, 1945,
the system inputs of client
operating companies of Ebasco Services. Inc., which are subsidiaries
of American Power & Light Co., Electric Power &
Light Corp., and
National Power & Light Co., as compared with the
corresponding week
during 1944 were as follows, in vthousands cf kilowatt-hours:
'
in
or
the principal amount of the 6% bonds
to the registered holders as at the close
1945
10,
Sales
600,000
2 400,000.
maximum
in
shareholders
additional
an
meeting of
ofiices
'
authorized
number
thorized
Chares'to
annual
new
the
meeting
hoped
the
on
among
remuneration
Ebasco Services
Inc.—Quarterly Report—
the
1945,
company's
'
unless
estate
+ Net
year.
company
For
Dresser Industries,
land, O.
aggregate
$16,213,305
5.
paid
$71,400
on
$750 bond,
expenses,
Amortization of
director, he automatically becomes
a
representative
The stockholders have
$7,210,895
1,
incl.
revenue,
November, it
accounts are
after
eliminating the subsequently
provision in the fiscal year 1944 for possible future
decline and are expressed in United States currency.
price
p.
today
Real
.
Street
re-elected
one
Eastern States
above
been
is
1944
,
directors
of
$20,000 in
reversed $1,000,000
—V. 161,
construction
proxy statement accompanying
the notice of annual meeting
that E, P. Hutton & Co. were the record holders on
Jan. 31,
the
10,349,101
have
2%
March
for each
Operating
No
war.
$17,559,996
4,029,675
$3,783,582 ' $3,179,540
Note—The
it
1423.
p.
not
serve
is $6,250
The
1945—3 Mos.—1944
Net profit
plant
during the
as
list.
Hamlin
directors'
states
of
purchased for retirement $73,875
Walnut Street
1506
Results
number
of
present
directors
omitted.
The
Watson, who is Chairman of the board of directors:
Hamlin, who,
in
addition
to
being a director, is the
representative on the board of trustees, and Louis P. Leon¬
by
The
Ltd. (& Subs.)—Earnings—
for
taxes
April
on
on
amounted
•Gross
Lester
trustees
ernor,
corporation's expansion from
acquisition of Peggie Hale, Inc.—
chgs._$15,169,283
taxes
11,385,701
op.
prof,
payable
1944
year's
activities, as contained in the
that the company's plan of recapitaliza¬
1945, of 15,052 shares, or 12.94%
Distillers Corp.-Seagrams
Inc.
great
as
preparation and
Massachusetts
in
Mr.
elected
$4,198,428
These
YyyXX'1 y
M.
the
as
1945—8 Mos,—1944
and
inerest payment of
business
in
corresponding
of
ineligible
$5,218,318
7,703,472
$1,047,000
amounts
was
Boston; J. Fred Curran, in the Investment business, and Francis T.
Leahy, a Boston lawyer,
The other 12 present directors are also
161,
1315.
p.
trustee
ard,,^ director, do not appear in the list of nominees for directors
proposed by the management.
To fill these places the management
William B. Carolan, President of the Union
Savings Bank
the
the result of the
as
of
nominates
Higher—
$528,267
tReflecting
only,
company
spent on
past
Changes—
included
1945—Month—1944
♦Sales
to 45
board
T. Tierney, a trustee,
resigned.
The remaining
The management's slate of directors to be voted
upon at the annual
meeting of stockholders to be held April 23, reveals three new names,
If
•Of
the
3,
year J,
Forker
to be
Mr, Lee stated
the SEC.—V.
Shows
1945—3 Mos,—1944
of
three'
sufficient
discount.
576;
/'Y'/Z-.'Y
Diana Stores Corp.—March Sales
26
N.
of
the
\
■
be
the
process
Eastern
outstanding
$7,123,896
April
on
.X■;*>'?.. Yy.://■ '%
likely
are
reviewing
Edward
$2,636,176
held
During the past
should
with
Diamond Shoe Corp.—March Sales Increased 36.2%—
•Including
add,
in
names
1945—Month—1944
first
is
Street
one.
directors'
'Period End. Mar. 31—
12.
gas
is
-
on
in exchange for outstanding prior preferred
voting common stock,"—V. 161, p, 1200,
meeting
tion
April 6 further stated:
"All State and Federal regulations have been complied with and the
New York Curb Exchange has approved the
company's application for
listing such shares upon official notice of the issuance of any thereof
p.
for
he
While
substantial
number of such
provides the necessary additional
1
Walnut
1944 the company
year
$1,118,400.
of
necessary.
lent
any
authorization
new
.
is
An
the
annual report,
common
exchanges.
chares."
the
there
.
of
Asked by another stockholder about the
company's investment in the
Virginian Corporation, Mr. Lee said he thought that it was an excel¬
has not had available sufficient shares of
company
in
and
to a question from
that
demands
is
of
the
set
rate
yean
1945
to
was
to
15
Hundred
During the
Associates—Reduction in Board
Joseph Becker and J.
reply
money,
stock.
"Heretofore
the
continued
are
amount of 15-year 6%
income first mortgage bonds at
total cost of $42,063.
As a result the principal amount outstanding has*
been reduced to $1,158,000 as of Dec. 31, 1944.
i
The
real estate
assessment
for
1500 Walnut Street for the
a stockholder, Halfdan Lee, President,
capacity of Boston Consolidated Gas Co. was not
strained the past winter as it was a year ago.
The company, he said,
has plans for strengthening that situation but
preferred to wait and
see what happens
when the war is over, when it can be ascertained
provides
common
Fuel
&
trustees were re-elected.
stock,
for the fol¬
the
of
from
while
stated
authorized
Jan.
around
985.
p.
-
annual
the
died,
"A" common stock at the request of
the holder.
that when a holder of voting common stock sur¬
renders his stock iiv accordance with
certain regulations, he shall be
entitled
to receive in exchange an equal number of shares of "A"
It
shares
Association
of
hold
payments
161,
principal
,
At
reasons:
"The
continue
Trustees—
of
preferred
outstanding voting common stock, of the company,
lowing
r.nd
the
premium
Corp., Philadelphia,
Pa.—Pays 2% Interest to Bondholders—Results for 1944J
1%
stockholders voted to increase the
by the net addition of 200,000
voting common
of
common
for issuance
for
or
the
27
capital
"A"
will
program
Eastern Gas
executive
reduced
authorized
should
year
if
Fifteen
increase, he said.
An amended
plan for employees was approved.—V. 161, p. 1315.
bonus
Dennison Manufacturing: Co.—Stock Increased—
chares of
)
S.
the
announces
years
the
of
manpower.—V,
expansion'ana construction by the company is running
at about $2,000,000 a month, and while construction for the Govern¬
ment has been stepped up recently, it is uncertain how much
longer
Corp.—New Official—
President,
nearly 20
for
Brand,
der
months,
't.
-
Commercial
Ave,,
205,
Chemical
F.
J.
although it produces professional
industrial X-ray film and other
and
Monday, April 16, 1945,
?
appointment
of
officer and
treasurer of The National Fertilizer Association and recently retired,
as Consultant to the President, effective May 1, 1945.—V. 161, p. 565.
Charles
medical
Carpenter, Jr., President, said at the annual meeting held
April 9, that sales of the company in the first quarter were slightly
above the
$150,921,772 reported in the 1944 period, and profits also
are expected to be slightly higher.
the
Davison
film,
First Quarter Sales and Profits Slightly Higher—
Dallas Park Apartments, Miami, Fla.—Bonds Called—
the
picture
films..
1093.
There
at
manufacture
not
$5,643,168
W.
made
does
.
Volume
Number
161
revenues
$9 067,168
$9,^21,643
Equip., maint. & garage
'
t..,._,use
Other
•
Fed.
excess
13,425
13,700
163,591
113,000
$31,836
profits
$42,831
£497,159
Depi eciation
Operating income
(net
income
deductions
Irfcome
$44,364
10,702
f;
declared
p.
161.
Thomas
company.
General
Printing
$567,414 t
233,660
The
?
Of
the
shares,
preferred
new
issue of April 9
our
65,000
—V.
the
of
common
for
share,
such
of
Warrants
shares
stock
of
thereof
taken up
will be
at
before
or
office
at
3
Trust
by the
first
$21.50 per
funds
The
*
underwriters.
of
<
•
The
sion
ive
of
—V.
iv
'
-
Adjusted
4
'
Vi 7e
Effect
(par
shares
sales
Of
Cost
Great
Ended
1943
Dr.
since
William
•
income
Net
a
It is
104,466
$936,766
O'Neil
W.
by
and
of
business
E.
of
consists
effort
war
who
the
and
company
company,
the
of
prior to that time
with
the
nation's
the
tive
and
Preferred
jointly,, to
not
Stock—The
purchase
underwriters
from
the
have
company
V.
such
as
to the date
1945.
'.Name—
„
.
Name—
Percentage
14% </»
Goldman, Sachs & Co
10
First
Ball,
A.
C.
Allyn & Co.,
7Vs
R.
S.
Dickson & Co.,
7V3
Mitchum,
4
G.
Kraus
&
.
H.
2%
>
7V3
First Cleveland Corp.
&
I
Corp.—
Boston
Burge
Webber, Jackson
Curtis
_______
Brothers
Lehman
The
Paine,
Inc.__
2
Inc.
Tully & Co.___
Walker
&
Co.—
elected President to succeed Gen. Edward M.
as President and director.
Mr. Feeley has
company
since -1907, as a Vice-President
Executive Vice-President since 1941.
f
1938.
1
>
-
were
v
i.e.,
elected,
3%
Coffin
3 V3
Hallgarten & Co
The
H.
the
M.
—V.
3 Vb
Putnam
3Vb
Reinholdt
W.
E.
Hutton
Shields &
&
Co.—
Hayden,
Miller
&
&
Burr,
&
Co.__
&
Weeks & Harden-
—
Clement
A.
Evans
&
%
_
Piper, Jaffray & Hopwood
Underwriters
Sachs & Co.
of
and
Common' Stock—Kidder,
Ball,
Burge &
Kraus have
Peabody
&
%
Co..
Inc.
3
3
%
.
Co.,
%
Goldman,
agreed, severally,
and
not
jointly, to purchase from the company at $21:50 per share, the follow-
plant
26,793
25,085
760,000
144,000
585,000
405,000
±
78,264
profits
excess
taxes
16,777
200,000
200,000
100,000
$1,174,847
$1,188,469
$1,109,235
985,552
Drl 25,571
$2,160,399
for
$1,062,898
3,272,101
$1,109,235
$4,334,999
390,924
"
464,512
$4,127,537
390,924
464,512
$3,272,101
$2.45
contingencies
profit
Net profit on
disposition of
assets
business
and
'
*
Charles E.
Net
*
•*
,
*
—
profit
Earned
Trout,
beginning
surplus,
of
3,479,563
year_
company
Dividends
1937 and Mr. Brennan
since
1945—Month—1944'
Earned
$9,165,921
in
3,018,301
$595,849
designed
radio
amateur
for
are
..
—
—V.
160,
2543.
p,
,
.
The
company
Chairman
former
.
taxes
Corp.,
work,
of
a
that
Colonel
fund,
Sink.
the election
board
and
1944
lawe.
He
Inc.,
tions.—V.
is
a
is
a
member
director
157, p.
1845.
of
50,000
143,947
1,050,000
7,811,900
3,136,060
4,611,153
4,754,476
849.597
6,515,400
2,903,200
1,504,216
3,479,563
—---
$25,327,865 $18,974,977
in
$312:083
of
% After
$214,175.
1944
reserves
Bartholomew
of
tion
System—Interest-*-
A.
Brickley,
trustee
of
this
payment of two-thirds of the interest on the 6%
accrued for the six months ended April 1, 1945.
who
ment
of Colonel H. A. Toulmin, Jr.
Howard F. MacMillan,
approved the mo¬
company, for th©
debentures which had
District Court Justice Francis J. W. Ford has
U. S.
ers
gave
his decision despite opposition of counsel for hold¬
that the Court should order a full interest pay¬
161, p. 1427.
maintained
at
this
time.—V.
.
International Utilities Corp.—37%-Cent
Develop¬
research
of
Toulmin
<fe
Toulmin,
The
Univis
Lens
Engineering,
Co.,
and
Univis
various
share
lawyers, of
Corp.,
the
on
April 11 declared a dividend
stock, payable June 1 to
common
A similar distribution was made on March
an
initial of $1 on Dec. 6. 1944.
The aforementioned dividend is payable only to
Hydro-
other corpora¬
i
directors
on
May 15,
practice
of
•
—
and $197,386 in 1943.
tAfter
for depreciation of $6,799,9^1 in
and $4,082,593 in 1943.
^Represented by 313,606 shares in 19441
290,320 shares in 1943.—V. 161, p. 983.
*
reserve
of
President.
Washington, D. C., and will continue the
Commonwealth
200,000
1,450,000
50.000
—
International Hydro-Electric
1943
147,286
308,520
200,000
—___
-
"After
and
299,281
#
1,250,000
—
—-—
interest in subsidiaries—
Total
19,250
44,972
% sinking
require, in respect of 3xh
surplus
surplus
reserve
unit.
and
255,717
467,658
——
Contingency reserves
6% cumulative pfd. stock-(par $100)
(ICommon shares—
Earned
.
$1,203,693
354,900
:
debentures——--
Minority
33,700
92,404
_________________________
and commissions-.
sinking fund debentures——
—for retirement of preferred shares—
3V2%
,
has been elected President of The H-P-M
subsidiary, and will devote his attention to the
Toulmin
Dayton, Ohio,
of
the
$1,132,732
16,917
(trade)——__—
payable______—_________
!
v
$25,327,865 $18,974,977
curernt liabilities—-—
Other
President—
President,
ment
PoWer,
announces
of
637,885
_______
deposits
payrolls
Accrued
Judge Ford
as
1
4,936,426
1
581,956
_
payable
interest
Accrued
,
.'f
/,
3,041,224
4,811,996
592,059
1,171,398
17,697
Liabilities—
Customers'
662,726
•
3,673,425
6,679,069
240,259
1,103,821
27,895
56,000
——1
-
Accrued
$298,078
t$0.18
1,658,291 shares.
Hydraulic Press Manufacturing Co.—New
Fed. excess profits taxes__
Manila___
machinery and equip., etc.„_
of
Shanghai, Hongkong and
buildings,
,,
1943
$3,125,793
1
6,902,814
officers and employees
refund
Accounts
$727,712
*$0.36
tBased on
1,995,016 outstanding shares.,
on
.
1,051,379
.
companies
associated
to
$50,000 in
31
Reserve
1044
.
tax notes____;__
Total
Increase Capitalization—
post-war reserves__—__
Dec.
______
Intangible assets
charges
of
share
per
Sheet,
receivable____„_____
Deferred
at their annual meeting
on April 25 a proposal to increase the authorized $1 par common stock
from
2,000,000 to 3,000,000 shares, it was announced on April 10 by
R.' S. Geddesi President.
He said the company intended to continue
its expansion in part by acquiring other established businesses.
inpome before
notes
advances
&
in
JLand,
corporation will submit to stockholders
Earnings
and
in
tAssets
.
.
in 1944,
amortization of patents,
1944
investments
Post-war
'
'
Balance
retirement.
r"'':
$570,851
$4,955,317
Invest,
vacancy
Car Corp.—To
1942, and
in
to
amounting
Inventories
1202.
IIupp Motor
and $608,242
1943,
Comparative
"Accounts
stockholders held April 3, no director
caused by the death on March 17 of
Chairman of the board.
All directors were re-elected.
the
fill
post-war refund and
depreciation
for
U. S. Treasury certificates and
Co.—Directors Reelected—
meeting
annual
$16,000
1944,
refund and $63,000 credit for debt
outstanding,
: •
;
etc., amounting to $40,800 in 1943 and
included in cbst of goods sold and other expenses.
fund
•'•*.'
of
respect
Cash
commercial use.
produced by
Banna
$3,479,563
$2.75
Assets—
1095.
161, p.
in
<
short-wave
operators,
t$2.55
$4,754,476
designs,
1942
to concentrate its peace-time
receiving and transmitting ap¬
plans
short-wave
;___
number of shares
licenses,
Due from
plants,
in
deducting
average
Other
of
475,346
share
$2,000 post-war
1943
Note—Provision
of
410,139
shares
shares
surplus at end of year____
"After
items
to
preferred
common
Earnings per common
1945—3 Mos.—1944
$4,974,539 $10,772,975
$6,336,469
on
on
iOn
field
$5,639,962
surplus
Dividends
the
1761.
Chicago
Hanna,
The
iy3
Whipple & Co._
Baker,
of
51,284
720,000
Total
Results for 1944—
1V3
Gardner____
Bacon,
3(4
3
Co
Co.__
l'/b
Inc.____
Co
3Vb
Co.——
Union Securities Corp.___
McDonald
&
Milwaukee
67,667
6,038
demolition
&
deductions «____!
Capital
1V3
Co.___
$2 484,363
Net
1V3
3%
&
$2,632,213
60,667
53,667
828,000
office.
'
"Based
2
Co., Inc.Hornblower & Weeks...
Dillon
Hall &
Harris,
$2,484,815
,
(net)
Provision
"
the
A.)
elected
Net
•
Glore, Forgan & Co,_"
Eastman,
$2,242,746
241,617
etc.-
int.,
earnings
sale
on
Other
■
Calendar Years—
♦
2
2
26,245,355
$2,622,038
210,174
Federal income taxes_____,
a
respec¬
of delivery.
Kidder, Peabody & Co.___
p.
V
At
indicated below of 10,000 shares of the preferred
plus such number of the remaining 65,000 shares of
are
not issued pursuant to the exchange offer,
g
offered
stock
■:
•
was
purchase price of $103 per share, plus dividends accrued from March 31,
The
161.
percentages
stock
been
financing.
and
(M.
agreed,
the
29,172,887
$2,105,415
379,401
''Federal
has
Colnon
Mr,
resigned.
the company for military use are
modifications of, its standard equipment,
production will not involve any material
change in operations or techniques.
Post-war plans include the con¬
tinuing of radio gear production for marine use and to enter the air¬
craft, railroad and two-way mobile equipment fields.
Sales during
its fiscal year ended Aug. 31, 1944, were approximately $37,000,000.—
'
of
Underwriters
severally
34,042,380
._■•
debentures____—
on
assets
on
the
Since
mo¬
repair units.
bile
income
panies'
Loss
'
mainly
the samer as, or
reconversion'to peace-time
types
synthetic rubber and jet propulsion units and assemblies
pontons,
Total
Interest
this
159, p.
specially
manufac¬
company
•;
Hallicrafters Co.—Stock Offered— An under¬
in
,
effort,
war
$36,147,7951 $31,794,925 $28,488,102
less returns, allowances, etc.
goods sold, sell., adm. &
Operating profit
Inc, from invest., royal.,
was
Y.,
1095;
six
of tires and tubes, as well as airplane wheels and
brakes, barges-, parachute boats, life boats, life belts, bombs, gas masks,
all
1942
1943
of
general expenses
Green Co., Inc.—March Sales Higher—
new
listeners
tubes
connection
companies)
1944
1945—3 Mos.—1944
•
:
paratus
materials constituted the company's principal business prior
to the war, together with the manufacture of mechanical rubber goods.
In
McGuire,
Trout has been -with
activities
29,
capping
tures
'■•■V
:
'
Calendar Years
(Including wholly-owned subsidiary
May 31, 1942. Hallicrafters, a pioneer in the short-wave radio
field,
producing precision equipment primarily for use by amateur
radio
operators, has devoted its entire facilities to the manufacture
of communications supplies for
the armed forces.
Company, which
mechanical
materials
Income Account for
>Vv
Since
not directly con¬
manufacture and sale of
the
included
been
: '
Co.—Changes in Per¬
Dock
Vice-Presidents
Buffalo, N.
1926.—V.
sent
for automobiles, buses, trucks, and airplanes, rubber
goods, repair accessories for tires and tubes, tire recapping
and radio broadcasting;- The sale of tires, tubes and re¬
and
said.
Mr.
the assets, liabilities and operations of Cliftex Corp.,
subsidiary, and its wholly-owned subsidiary, Cotan Corp.,
in the consolidated financial statements for 1944.
scale,
92 %-owned
have
Inc.;'and Mason Brothers. Of the shares offered, 150,are currently outstanding and 75,000 repre¬
subsidiaries
its
a
0()0 shares
the President and th'e
respectively.
The prin¬
now
are
Sept.
In
substantial
anti¬
Frazer
and
of Scriver &
stock
April 9, offered 225,000 shares of common
stock ( par $1) at $8 per share.
Other members of the
offering group include C. L., Schmidt & Co., Inc.; Dempsev & Co.; A. G. Edwards & Sons; Sills, Minton & Co.,
Inc.; Courts & Co.; Cruttenden & Co.; Kalman & Co.,
$1,718,570
.
Ohio
in
business conducted
Fouse,
Treasurer
the
the
with
nected
tires
W.
and
Vice-President
cipal
incorporated
G.
with
additional
(The)
700,000
$1,772,974
purchased the assets and business of Murphy Varnish Co. for
the corporation acquired for cash all of the outstanding
Quinn, Inc.
view of the corporation's entry into the coated fabrics field on a
cash;
mobile
and
monthly,
no
Corp.-,
writing group headed by Doyle, O'Connor & Co., Inc.,
4,309,772
100,000
a
As of
•
\
Dredge &
Sales
556,202
was
units
12,000
the
at
.lacquers,
paints, enamels, varnishes and other coatings by the
acquisition of two existing businesses.
A subsidiary, Murphy Finishes
,
and as
(H. L.)
1,535,000
:
destroyers
of 2xh'/a sinking fund debentures shown on the bal¬
year-end have since been redeemed.
Consequently,
longer has any funded debt".
July 1, 1944, the corporation expanded it sactivities in the field
sheet
corporation
of
120,000 units
order for
were
,The $1,450,000
the
plant
future
possible
of $5 per share.The holders of 1,515 preferred
payment of the fair cash value of their shares and
purchased at $110 each and retired.
payment
demanded
shares
ance
to
161, p. 1543.
an
on
tank
from
at
Period End. Mar. 31—
27,076,540
625,630
outgrowth of
the
changes,
added
cash
such
$4,700,000
general '
and
1956,
be
to
cial
shaves
re¬
K, -Lydon was elected Executive Vice-President to succeed
Mr. Lydon has been with this company since 1925 and as
operates
1915.
and
due
is
1945—Month-—1944
.Vice-President since
.Two
since
,
2,781,903
Business—Company
and
4Vis,
balance
shares,
preferred
cumulative
4Va7r
into
redemption at $105 per share.
In connection with the re¬
preferred shareholders became entitled to receive a spe¬
to
Manager of the New York City office, and Martin H. Brennan, Manager
687,359
$2,111,878
profit
History
the underwriting group.
will be applied to the
bonds
reclassified
shareholders,
resigned
1925,
:
*3,573,810
100,000
shares of the corpora¬
19,949 common
Nov.,
Mr. Feeley.
925,975
conting
of
..
Feeley
who
associated
sihce
$8,332,801 $10,276,482
4,448,765
■
.
.
of
result
<
1935.
b6en
4,061,000
,
.
for
Prov.
P.
Markham,
to
1941
23,701,677
39,604,430
prof.
Depreciation
jprov. for Fed. taxes on
The
fired
is
Walter
Chicago,
1942
'
a
Minority interest in subsidiary com¬
director
$50,498,024 $32,034,478 $37,353,022
61,771,335
of
mortgage
1095.
succeed
30
Nov.
reported
$1,174,847
of
classification,
armor-piercing shot, a type of ammunition.r
of the highest urgency ratings of the Army
scheduled
Lakes
-Eugene
operations
from
outstanding shares increased during the year, pri¬
of the merger of Standard Coated Products Corp.
corporation in Aug., 1944.
By the merger, the outstanding
Standard Coated Products Corp. was converted into not more
subject
jAt the adjourned annual meeting of the board of directors held
April 5, certain changes were made in the personnel of the company
as follows:
'
Aaron
Colnon was elected Chairman of the boarid of directors, to
consolidated subsidiary of
bef. depr. $12,067,235 $10,893,594
Profit bef.
depr., Fed- eral taxes and conting.
6,134.143
7,198,853
Gross
161, p.
1,641,768
profit
net
1543.
p.
1,829,518
14,839 preferred shares and
the
sonnel—
V- 75,000 shs.
*614,719 shs.
a
Years
$73,838,570
goods sold
the
from
expansion
one
which
—V. 161, p.
1944
Net
plant
is
804,238
tion.
$17,324,660 $12,110,075 $38,756,293 $31,570,766
Mr.
all of the 22,000 shares of common stock
Summary of Earnings,
,
managers
pieces.
161,
—V.
had Issued and outstanding in the hands of the public
of 6% cumulative preferred stock (par $100).
company,
$603,772
1956.
Period End. Mar. 31-—
85,000 shs.
of Nov.*30, 1944, Aldora Mills,
1-Note—As
due
Sales
Outstanding.:
750,000 shs.
$5i
.
$584,697
Cost
Financing
Present
to
stock (par $100i________
stock
$207,689
Sales,
Authorized
"Assuming issuance of
officers and employees.
the
Give
series
Common
2,861
to
,
■
as
the
than
((W. T.) Grant Co.—March Sales Rose 43.06%—
dividends.
Capitalization
•
field
/Production
of
Cumul, pfd.
3s,
received-
ammunition,
tank
be devoted to the redemption of the old
accrued
1944
Department, Joseph W. Frazer, Chairman, announced.
completion in January, 1946, the order is an ex tenprevious Graham-Paige contracts for component parts of this
of
874,527
*
during 1944 is subject to renegotiation but the man¬
anticipates that no payments to the Government will be re¬
Renegotiation of 1943 war business has been concluded without
number
stock
1945
Schedulfedt'for
the 4!47r
of
sale
the
into
Jan. 1 to Mar. 31
Ordnance
proceeds to be received by the company
proceeds from
net
as
received
high-velocity,
has
$2,070,424
business
War
agement
quired.
1944
corporation has begun production
which
$2,210,137
1944, the then outstanding 6% cumulative preferred shares,
which were subject to redemption at $110 per share, were, by action of
future
76-mm.
$1,003,485
14,690,562
1317.
consolidated
marily
Days End. Mar. 31
of $21,049,000 first
for
3,959,310
$1,060,974
income
____
161, p:
refund.
^Graham-Paige Motors Corp.—New Contract—
Trust Co., New York,
Unsubscribed
Cleveland.
Co.,
cumulative preferred
to the extent
preferred stock not
so exchanged,
and will be deposited by the company in trust for such
purpose with J. P. Morgan & Co. Incorporated.
Any balance of such
proceeds, together with the proceeds from the sale of the common
stock, will be added to the general working capital.
Such working cap¬
ital will be
used to retire bank loans in part, the bank loans at
Nov. 30, 1944, being $3,628,775 and at March 31, 1945, being $5,150,000,
and
to
defray the cost of building additions, and machinery at the
Waco,
Texas,
plant, approximately $470,000 at the Akron and ap¬
proximately $165,000 at the Wabash piants, respectively.
The old pre¬
ferred stock not so exchanged is to be redeemed on or about May 19,
the redemption price in effect on that date with respect to the old
preferred stock being $105.50 per share plus accrued dividends.
The
total
redemption price of the. 65,000 shares of old preferred stock
n#W outstanding if redeemed on said date would be $6,857,500, excluu
Coast
Pacific
a
1095.
p.
acquisitions, and other corporate purposes.—V.
the rate of one share
of common stock held.
p.m.
(EWTt, on April 16,
stock not issued m exchange for old preferred stock will,
necessary,
of
income
In
be
mortgage
4,778,038
after providing a $200,000 reserve for contingencies, is equiva¬
after preferred dividends applicable to the period, to $2.55 per
share on the average number of common shares outstanding.
Goodrich Co.—Registers $35,000,000 Bonds—
to
15,140,445
lent,
$199,479
___
the statement
demption
from the sale
and exchange of the 75,000 shares of 414 'k
cumulative preferred stock
and the 87,857 shares of common stock are estimated to be $9,242,997.
In
making this computation, the shares of the old preferred stock
tendered in exchange are taken at their redemption value of $105.50
per share, exclusive of accrued dividends, and it is assumed that all of
the 22,000 shares of common stock offered to certain officers and em¬
ployees are purchased by them.
,.
t
*
»
in
to holder's
of
J Purpose—Net
formation
161,
7,321,559
1,856,791
7,417,871
—
for 1944,
J""'.;.,
•
1426.
p.
Proceeds
Common Stock to Certain Officers and Employees—
Approximately 60 officers and employees are to be offered the right,
during a period of one year, to subscribe to an aggregate of approxi¬
mately 22,000 shares of common stock at $10 per share,
These shares
are not underwritten.
«
'
Offering
.
161.
listed
at
Guaranty
of
the
"
,
operating
The
shares
eight
Cleveland
of
stock,
common
each
for
exercisable
office
the
at
or
are
surrender
upon
shares
65,857
common
10
revenues
(B. F.)
new
to Common Stockholders—Company is offering
stock of record April 5 rights to subscribe, at
'-Offering
.v
announced
33,225
Interchemical Corp.—Annual Report—
division of
of the two
a
manager
Company filed with,the Securities and Exchange Commission April 11
a
registration .'statement covering $35,000,000 first mortgage bonds,
due 1965.
Goldman, Sachs & Co. and Dillon, Reed & Co., Inc., are
The underwriters have agreed to purchase 10,000
preferred, as well as any unexchanged shares not
subscribed for by stockholders.
of
shares
also
Co.,
1945
13.
April
expired
resident
be
.
Period—
Operating
offered by the com¬
holders of its out¬
exchange privilege
being
are
will
Net
—V.
protective coating
Board, and more
the
Morrill
H.
firms.
corporation
of
Production
George
Corp.;
$20,753,521
36,408
2,138,477
taxes
Net
Georgia & Florida RR.—Earnings—
•
exchange, on a share for share basis, to
standing IV2V"
cumulative preferred stock.
The
in
pany
chief
War
1945—2 Mos.—1944
16,413
.
$10,617,322 $10,181,835 $22,128,620 $20,720,296
revenues__
expenses
The
of the offer—ing by an investment banking group headed by Kidder,
Peabody & Co., Goldman, Sachs & Co. and Ball, Burge
& Kraus of 75,000 shares of 4J/4%
($100 par) cumula¬
tive preferred stock at $105.50 per share and accrued
dividends. Further details are given below.
made in
was
the
San Francisco and Los Angeles.—V.
Offered
General Tire & Rubber Co.—Preferred Stock
former
of
the
15,888
the
6
division, .with headquarters in San Francisco, in a move to coordinate
the activities formerly handled individually by
three divisions.
The
manufacturing, research and technical facilities will be concentrated in
1425.
•^■Mention
Craig,
with
ink
April
on
bureau
associated
233,660
common
on
J.
chemicals
122,312
$426,519
$35,605
$27,108
stock
income '.
-Net
—V.
announced
Co.—Earnings-
1945—Month—1944
$10,633,210 $10,198,248 $22,165,028
—
rev._
Operating
Printing Ink Corp.—Acquisitions—
corporation
Kalamazoo
Dividends
20
—
oper.
Operating
recently
91,174
6,483
___
revenues
Uncollectible
1543.
p.
$689^726 '
$517,693
8,759
V
$33,596
___
Operating
30
:
acquisition of the E. J.
Kelly Co. arid the Michigan Research Laboratories, Kalamazoo, Mich.
E.
J.
Kelly of the E: J. Kelly Co. announced there will be no
change in the present local management, personnel or policy of the
656,471
20,533;
1,533
1,760
The
branch,
income
Gross
Period End. Feb. 28—
50$
Operating
$679,024
<
tax
161,
General
,550,450
53,499
1,313,768
661,144
surtax.
&
—V.
235,174
92,360
55,805
normal
^
Co.__.
829,969
855,849
68,013
70,204
taxes
Fed.
Other
298,058
310,245
expenses..
oper.
General
&
Peabody
Goldman, Sachs & Co
Ball, Burge & Kraus_.
,486,844
,629,236
2,028,295
3,901,838
138,043
150,387
—
Illinois Bell Telephone
common stockholders:
Kidder,
.
$727,144
$724,262
—
taken by
1945—12 Mos —1944
1945—Month—1944
1655
ing percentages of such number of the 65,857 common shares as are not
Subs.)—Earnings-
(&
Galveston-Houston Co.
Period End. February—
Operating
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
full shares
of new common
>
Dividend—
of 37V2 cents per
holders of record
1, last, as against
holders of record
stock and will not be paid to holders of
1656
'©Id
v THE COMMERCIAL & FINANCIAL CHRONICLE
-V
until
certilicates
old
these
certificates
surrendered
are
for
ex¬
Co.
change
pursuant to the plan of recapitalization.
Exchanges may te effected at the offices of either of the transfer
En.pire Trust Co.. 120 Broadway, New York, N. Y., or Guardian
Trust Co., 618 St. James Street, Montreal, Canada.—V. 161, p. 880.
Period End. Mar. 31—
1945—Month—1944
Sales
$4,637,703
—V.
161, p.
1945—2
$3,388,715
Business—Company
Higher—
under
April
Mos.—1944
$7,538,227
the
9,
1095.
Company
April 9
on
announced
the
sals
of
subsidiary,
its
the
and
Track
Manufacturing Corp., for $637,000 to Dr. Robert I. Sarbacher,
formerly a Vice-President of Maguire Industries, Inc., and Robert II.
Eailey, an officer of the First National Bank of Farmingdale, L. I.,
New York.
in
,
revenues
Maintenance
'Taxes
$131,700
56,050
16,898
16,662
11,437
14,738
8,333
8,333
~
"
—
•Retire,
reserve
accru._
$1,543,701
739,285
194,205
141,215
100,000
attached
the
Field
157,689
Other
income
(net)
935
Drl,874
Dr6,477
$39,267
$362,520
$368,376
8,477
107,251
Field
Gas
Rush
In
The
so
in
its
32
income
Income
_
deductions
Its
Net
income
Common
—V.
161,
$23,300
requirements
dividend
dividends
paid—J.
P. S.,
$30,789
$265,633
91,800
are no
Kansas
Kan.,
Power
768.
p.
Period End. Mar. 24—
1945- A Wks.—1944
Retail sales
—V.
$4,505,384
mtge. sinking
series due 1965
161, p. 1204.
$5
natural
the
Operating
Increased
fhile
The
the
substantial
of
movement
'travel
and
increased
revenues
15.52%
2.67%
1943.
over
and
000
bonds,
Passenger
the
armed
lares
their
families, as
Despite increased costs, the large volume of
traffic, together with
disposition by sale of certain items of property no
longer required
'in economical operation, enabled
company to show net income after
charges of $4,418,162,
items
or
55.10%
1943.
over
In
the
included
issue
to
/
Taxes—The
effective
rate
of
;
many
the
disposal
of
no
longer
profits taxes
for
the
required
Operation.
for
economical
excess
years 1942-1944 are subject
change when audited by the Treasury Department.
Funded Debt—To Dec.
31, 1944, the amount of company's
mortgage
bonds held by the public had been
reduced approximately
$12,000,000.
As a result, the amount of
interest payable on the bonds held
by the
-'public
debt
was
$569,470
reduction
less
per
than
annum
Railway
oper.
revenues
Railway
oper.
expenses
Fed.
from
taxes
Other
—
Net
ry.
Total
$9,700,728
payable—
3,501,117
Total
fixed
801,442
$7,339,828
718,384
686,046
$7,277,589
$5,760,446
$5,448,194
39.843
$4,769,593
43,618
44,830
2,868,296
27,676
2,878,733
2,878.640
$2,848,533
420,000
$2,541,785
$1,846,122
420,000
420,000
$2,428,533
$4,729,810
$2,121,785
Comparative General Balance
Sheet, Dpc. 31
1944
Assets—
'
-::^y
Investment
$1,426,122
_
accounts
Material
Interest
receivable.
supplies
and
dividends
current
Deferred
assets.:
assets
Unadjusted
T~~
_
____
Total
197,614
1,267,303
1,011,352
;
-_™_
Liabilities—
Preferred stock
'common stock
•Long-term
debt
Traffic1 and
Audited
and
balances
wages
unpaid.—____IIIH
matured
unpaid——II~IIIIHI
Unmatured interest accrued
Unmatured rents accruedAccrued
I
tax
liability
liabilities....
Deferred liabilities
Unadjusted credits
Unearned surplus
•Appropriated surplus
Earned
surplus
21,000,000
35,959,900
68,743,992
3,747,582
2,338,698
69,500,061
4.920,667
1,883,142
541,570
473,690
25,983
474,967
9,829,534
2,665,844
38,331
IIIIH..—HIIIIII"
I"TI~"~
underwriter,
and
the
follows:
539,343
11.453,749
$200,000
Rauscher,
Pierce
200,000
100,000
and
Inc.
75,000
415,000
Other
Years Ended March 31
Dec. 31,'44
1944
1943
$1,483,073
$1,908,802
$1,632,518
51,451
38,963
43,299
47,035
Total
Total
revenues—
$2,249,663
revenues-
$1,522,036
$1,952,101
$1,679,553
994,915
682,792
887,346
745,568
91,251
76,244
42,764
,
78,352
56.592
73,619
72.010
...
322,528
245,967
297,275
285,381
intangibles
6,493
5,617
3,503
r.o
11,378,454
348
201,336
Amortiz.
of
Amortiz.
12,785
4,262
4,262
101,705
155,250
154,450
200,000
86,950
176,243
20,053.311
shares.- ~V.
Int.
and
•Prov.
$238,377
$227,773
87,418
plant
ac¬
adjust,
other
for
acet.
deducts.
Federal
and
income
Preferred
Common
•No
V
$376,969
68,920
53,295
$278,359
61,034
155,387
—
131,931
152,454
dividends
dividends
Federal
r
profits tax. -V. 161,
excess
p.
1427.
Kansas-Nebraska Natural Gas
Co., Inc.
Bonds Of
fered—The Central Republic
Co. (Inc.),
Coffin & Burr
Inc., A. C. Allyn & Co., Inc., and
quarter
the
U.
S.
amounted
valued
corporation
Account,
9
Months
70
cents
share, with
a
share.—V.
a
160,
To
175,000 shares
of
stock.
common
the
of
preferred stock will be offered for the account of the
corporation and the remaining preferred, as well as all of the common
shares, will be sold in behalf of certain principal stockholders. Of the
proceeds,
indicated
at
$2,639,100,
approximately $930,000
will
to the corporation.
The selling stockholders subsequently will
54% and 58% of the preferred and common, respectively.
Upon completion of
the
financing, the corporation's outstanding
capitalization will consist of 80,093 Va preferred shares and 481,119
apply
own
shares
common
the
to
of
authorized
an
registration statement,
corporation
will
be
applied
preferred
aggregate
tion with
stock
of
($100
$623,900,
par)
and
of
on
March
at $110
for
of
be
of
accrued
p.
capital
number
ol
stores
in
operation
at
in
or
of
an
connec¬
Higher—
1945—3 Mos.—1944
March
31,
a
$44,512,223
totaled
1945,
including 62 in Canada, which compares with 714 stores
including 62 Canadian stores.—V. 161. p. 1095.
year
710,
did
—V.
161,
agent
1945—Month—1944
the
Trust
Co., New York City,
Registration,
$44,339
common
stock.—V.
Period End. Mar. 31—
161,
p.
121,079
141,369
2,106,763
2,330,831
18,012
24.722
14,609
$2,322,839
$2,279,881
$2,525,589
142,733
162,238
210,101
12,700
10,700
6,600
93,750
Prov.
-
44,221
for
stock
franchise,
&
miscell.
Miscellaneous
Prov.
expenses^
for Fed.
43,721
40,328
45,528
24,707
29,516
47,651
48,798
45,997
43,807
38.808
44,353
cap.
taxes
inc.
'
tax.
110,000
Net
ordinary
income.
$2,196,173
$4,489,642
—
Kebbon, McCormick
&
net
appointed transfer
net
March
an
Taxable
dividends in securities include
$141,809, the estimated
interest received as a
special dividend on 1,725
Plains Corp. stock. The
production interest is payable out
of the proceeds from the
sale of natural
gas and condensate produced
from Gulf Plains Corp.
property after Dec. 31, 1944.
At March 31;
1945, cash payments of $21,267 had been
received
on
account
of
value
of
a
production
this
production
taken
were
interest.
Other
income
into
ex-dividend
the
at
taxable
market
dividends
value
in
securities
securities
made
the
on
for
as
company
Statement of Surplus,
Capital surplus:
Balance, June 30,
Excess of cost
9 Months Ended March
1944
31, 1945
;
$81,671,927
the
over
aggregate par value of 35,300 shares
of treasury stock retired
Balance, March 31, 1945 (of which
$9,799 is applicable to
^V':
300
shares
Balance,
June
30,
$80,712,982
-
1944
the 9
Total—.
months ended
March 31, '45.
2,196,173
——
Dividends declared
during the 9
March
31,
Net realized loss
net
$6,593,731
ended
mos.
March 31,
1945
1,752,129
1945—
$4,841,602
invests, and spec, dividends
paid:
loss on invests, from
date corp.
on
realized
business, Sept. 24, 1929, to June
30, 1944____
Special dividends declared
during prev. years by reason of
profit
realized
invests,
on
Balance,
June
30,
1944
State
(debit)--
and
•This
written
municipal taxes
Balance, March 31,
$24,186,674
for the 9 mos.
real estate invest,
on
15,253,593
during those years——8,933.081
Net realized prof, on
invests,
Recovery
off
end. Mar. 31, '45
in
*4,183,949
prior year
9,935
i
1945
Dr32,000
(debit)
_t$20,024,791
net
profit has been computed on the
basis of average cost.
for Federal tax purposes,
investment profits and losses are
determined by identifying the cost
of each certificate
sold; furthermore,
the net investment losses for
the past two years
may be carried over
and deducted
from such net investment
profits as may be realized
during this fiscal year.
On this basis, the net
profit on investments,
for Federal tax
purposes, for the 9 months ended March
31, 1945, was
$3,006,519.
tThe net unrealized
appreciation of the corporation's
assets
on March
31, 1945, was
However,
$20,956,664.
Balance
Assets—Cash
in
banks,
Sheet, March 31, 1945
$1,999,016;
$634,138;
dividends receivable
Government obligations (at
and
(at
receivable
for
securities
sold,
accrued, $346,712; U
S
$7,421,507; other securities
interest
average
cost),
average
cost),
$56,991,161; miscellaneous investments and
$792,347; real estate investment,
$1; total, $68,184,881.
vances,
payable
April
9,
1945,
$584,033;
securities purchased, $29,436: reserve
for accrued
$104,342; capital stock (par $1),
$1,947,077;
treasury
stock,
investments
uted net
at
and
co*t
snecial
(300
shares),
£>r$9.799;
dividends naid
expenses
net
(debit).
ad¬
payable
capital surplus,
and
for
taxes
$80,712,982*'
realized
$20,024,791;
loss
on
undistrib¬
ordinary income, $4,841,602; total,
$68,184,881.—V. 161, p. 311.
Corp.—March Sales Increased
41.4%—
1945—Month—1944
$9,684,736
-V.
1945—2 Mos—1944
$6,694,504 $15,126,521 $11,583 782
1096.
161, p.
Net
$3,701,088
$9,905,236
Biggers.
1945
$8,037,092
'
reported
than
for
the
company's
policy of reducing
products manufactured for war
that
same
prices
$0.95
earnings
period
whenever
War production of
Libbey-Owens-Ford continued at
during the first three months of the
year in
shortage of adequate manpower, Mr.
Biggers said.
rate
value
of
$45.42
per
share
of
the
corporation
on
March
He
added
business
that
and
unit
the
shareholders
review.
purposes,
after
Such
gains
deducting
amounted
loss
to
carryovers
$3,006,518
from
for
previous
$0.1
for
last
the
year
fir
i
due
practicable
c
purposes.
assets
servicing
of
as
the
of
Jan.
the
mirror
1,
1945,
Peacock
the
161,
a
company
Laboratories
industry.—V.
in a
under
1943
$357 34
$0.75
President,
lower
are
the
1945—3 Mos.—1944
Et(
1944
$2,412,471
share..
per
of
Subs.)—Earns.,
1945
$1,90? 4(>4
profit
D.
p.
relatively hi"
spite
of
critic
disposed
Division
a
of
tl
sma
769.
Loew's, Inc.—Distribution of Stock—
The
about
company
May
9.
of
>
4,397,559
ordinary income for
Balance,
958,945
v:?|;
of
treasury stock)
Undistributed net ordinary income—
ouarter
was
tax
paid
such
Federal income tax on net ordi¬
the corporation has elected to be
taxed as a regulated
and intends to distribute
during the fiscal year
substantially all of its taxable net ordinary
income, thereby incurring
no Federal tax
liability on such Income.
income,
nary
investment
announced to stockholders April 9 by Robert Lehman,
report covering the first nine months of the corpora¬
tion's fiscal year.
This asset value compares with a figure of $44.28
per share on Dec. 31, 1944, and of $38.97 on March 31, 1944.
The report shows that substantial capital gains wee r^Kzed during
Federal
of
dates.
No provision has been
Earnings
Corp.—Quarterly Report—Higher Asset Value
asset
period
$2,130,209
realized profit on investments for
the 9 months
31. 1945 was $4,161,884.
The net unrealized appreciation
allowance for State and other taxes but
without allowance
for Federal income tax thereon)
of the corporation's assets on March
31, 1945, based on market
quotations, or, in the absence of market
quotations, on fair value in the opinion of the
directors, has increased
approximately $2,932,102 since June 30, 1944.
ended
Libbey-Owens-Ford Glass Co. (&
Up 21.3%—
1205.
Lehman
A
40,000
$1,870,157
$1,956,612
3 Months Ended March 31—
1428.
1945—Month—1944
Net sales
31, 1945,
President,
$28,667
transfer,
John
161, p.
1942
$34,027
3,084
custody
Lerner Stores
1945—3 Mos.—1944
has been
Lane Bryant, Inc.—March Sales
—V.
31
1943
93,750
Period End. Mar. 31—
Lamston, Inc.—Transfer Agent—
Colonial
for
March
of
any
1205.
p.
(M. H.)
The
repurchase
105,000
compens'n
$11,149,366 $10,042,051 $28,921,179 $27,665,956
-
not
9,500
Sales
Period End. Mar. 31—
holdings
$2,565,197
Management
earlier,
(S. H.) Kress & Co.—March Sales Increased 11%—
Sales
Petroleum,
2,155,807
fees
Liabilities—Dividend
$20,548,885 $16,280,431 $49,372,443
The
shares
2758.
1945—Month—1944
Sales
5,583
dividends,
Kresge Co.—March Sales 26.2%
Period End. Mar. 31—
Amerada
investments,
173,065
103,571
income
According
received
by the
treasury for out¬
its
working
contemplated expansion.—V. 160,
(S. S.)
to
1, last,
and
additional
shares.
600,000
proceeds
reimbursement
lays incident to the redemption,
7%
issue
the net
to
of
sec¬
88,217
commenced
be underwritten by a nationwide
banking syndicate headed by
Alstyne, Noel & Co. at prices to be supplied by amendment, 40,000
shares
•
the
The
2,140,338
the
preferred stock and
bonds,
.
1 150,850
Total
Accumulated
328.
p.
revamping of its capital structure, involving the
redemption of its outstanding ($100 par) preferred stock and the ex¬
change of its common stock for new preferred and common shares, the
latter
on
a
slx-for-one
basis,
company
operating nine department
stores and two specialty shops in Ohio and New
York, has filed a
registration statement with the SEC covering 55,781 shares ($20 par)
cumulative
and
$2,555,000.
1944
$60,005
other bonds.
Directors'
concession to dealers of
a
Kobacker Stores, Inc., Toledo,
O.—Registers With SEC
Coincident with
of
obli¬
Salaries
Net
Kearney & Trecker Corp.—Secondary Offering—Blyth
priced at $23 lA
at
Ended
1945
Govt,
income—
59,933
1318.
p.
& Co., Inc., on April 10, offered
10,000 shares of common
stock (par $3) as a secondary distribution. The stock was
16,586,576
161,
past
in securs._
142,705
of
quisition
751,336
177,379,366 178,657,189
par
On
4,640
13,851
152,305
D«prec. of gas plant
14,474
Total
•Represented by 510,000
the
Interest earned—
(3)
106,250
cper.
operation——
Maintenance
value
shares of Gulf
12 Mos. End. 9 Mos. End.
oper.
market
a
$89,346,546.
Cash, re¬
to
$10,433,402, or 11.7%
capital stock.
Income
(2)
*
__
———IIIIIIIt"
own
(after
Lincoln, Neb._
Beecroft, Cole & Co.—
Co.,
port¬
of
utility
During
its
4%,
2,557,091
9,333,425
1,545,236
——
'
bonds
Harold E. Wood & Co.
and Co.,
with
value
a
and
Dec. 31,'44
54,230
...
current
H
—IIIIII
1,301,721
2,248,939
156,540
payable
payable—1~"
retire
Iniume Account for Stated Periods
645,057
58,320
"I"
(Cr)
3,253,884
3,577,255
180,683
1,039,605
177,379,366 178,657,189
21,000,000
35,959,900
____I__I__
.....
accounts
matured
Dividends
par).
car-service
accounts
Miscellaneous
Interest
($100
100,210
"II"~~"~
""""
——;
debits
2,843,665
3,163,946
—_
—III—1™
.IIIIIIIII
,
reecivable
imme¬
The First Trust Co. of
—
corporation's
next
constituted
Miscellaneous
up to $1,516,to principal
550,000
Allyn
the
largest single holding was 20,000 shares
at $2,280,000.
Among the public
On
be
had
bonds
Cash dividends
as
675,000
Period—
net
126,657,823 127,494,275
3,570,422
3,167,843
1,000,000
1,866,546
1,358,485
1,761,424
Investments In affiliated
companies....—I2~I™ 19,074,947 17,648,064
Other investments
1,703,060
'Reserve for adjust, of
1,356,910
invests." in"affil.~ cos7~~"~
Crl,297,619 Crl,342,878
•'Cash
5,775,193
8.388,740
Temporary cash invests. Yul si
Govt~~secUrs~)
7,104,000
4,705,000
Special deposits
Net balance receiv.
2,818,178
2,858,619
from
agents"&~con"ductors—
1,030,788
754,440
Miscellaneous
Other
Co.
Inc.—
Co
$4,083,546
1943
fO'v.
$
In
transportation property
Deposits in lieu of
mortgaged property sold
Maintenance funds
Miscellaneous physical
property.
Other
C.
Van
,
1965
$2,269,000
Burr,
companies,
31
Government
Notes—(l)The
Kebbon, McCormick &
420,000
$3,998,162
$4,418,162
—r-r,
balance
-
Republic
&
Inc.
525,000
485,000
$5,247,668
Cr254,682
Cr214,646
Crl77,931
3,416,735 Dr2,624,664 Drl.342.053
2,819,584
to
are
limit
as
a
securities
The
common
stocks, 74.4%; preferred stocks
Governments, 12.4%.
thousand shares-of General Motors common
Taxable divs.
1,
$4,484,000 bonds is to
first mortgage sinking fund
each
principal
underwritten, are
in
These
$7,059,110
771,308
deducts..
appropriation.
Income
■
A.
Net
1941
$4,989,139
charges™
;rvN<ei i"come
Dividend
the
827,542
income
miscell.
of
$6,450,047
income
Total
1942
$8,151,193
Cr250,436
income
oper.
other
Total
1943
income
income...—
oper.
rents
beginning
$17,956,764 $17,164,963 $13,024,995
6,230,000
6,990,000
4,153,000
1,118,496
1,193,965
844,600
907,540
829,805
887,567
op.
taxes....
taxes
Total
the
$44,373,030 $43,219,033 $34,316,348
$19,163,035
26,416,265
26,054,070
21,291,353
12,103,925
income—.
on
Federal
Railway
Total rent
..
ry.
without
of
name
(Inc.)
Years Ended Dec. 31
1944
'Other
at
March
on
and
system
$4,484,000
series due
series
as
of debentures of the Associated Gas &
Electric Corp. totalled $2,114,815.
Among the principal additions to the corporation's
portfolio during
the
quarter were 30,000 shares
of
Joy Manufacturing Co., 47,700
shares of Middle West Corp. and
10,000 shares of Bethlehem Steel. >•
Hugoton
line
Outstanding
the
outstanding
State income taxes—
Comparative Income Account,
rev.
of
purpose
$4,484,000
Coffin
program.
.
Net
other
Taxes, other than inc..
Income and
fto
a
.
1965, t,f which $4,484,000
bonds of
investment
$14,833,343.
valued
Natural Gas
$2,198,212
excess
property
the
pipe
14,500 shs.
3%% series due
expense
profits taxes was 4%% higher
in 1944 than in 1943.
Notwithstanding this increase in rate, company
accrued for income and excess
profits taxes in 1944 $6,230,000 and
in 1943 $6,990,000.
The decrease was due largely to losses established
through
from
the Otis
of April
stockholders
assets;
ond
served
are
293,182 shs.
as
to
than
Forty
and
350,000 shs.
dated
company
under, the
relieved of Federal income
is
on
March 31,
largest holdings
market value of $11,232,124, followed
by
of
corporation's largest single investment,
and
towns
*
—
_
.
.
Island
houses;
assets
gross
other
may
Central
and
60.28 in 1943.
the
.
It
distributed
securities.
value
merchandising
of
retail
32,000
1945, company is
aggregate of $6,000,000 first mortgage
sinking
an
Underwriters—The
increased
rates
of
pay,
higher costs
of
fuel,
supplies, etc.,. and increased charges for amortization
depreciation.
The
operating ratio was 59.53, compared with
are
materials
and
Grand
power
gas
.
gains
of
utility
securities, with
of
ceivables
combined
about
20,000 shs.
—14,500 shs.
respective amounts severally
forces
in military service,
augmented by
by members of the armed forces on
lurlough
well as their relatives and friends.
the
^11
at
gas
be issued subject to the terms of the indenture of
April 1,
1941, and "supplemental indenture of April 1, 1945.
revenue
freight 1.40%.
The revenue per freight ton
Revenue per passenger mile
averaged 2.057 cents.
increase
in
passenger ,■ travel
resulted
largely from
oil
Gross
Nebraska
The
are
connected
33/e%
*
additional
amount
and
reduced
at
in
series A, B and C.
9.22 mills.
was
in
public
market
a
securities
of
concentration
in
had
were
States
(Giving Effect to Present Financing)
fund
•By supplemental indenture,
refund
Southern Ry.—Annual Report—
of
largest
was
1945,
Light Co., and transports such natural gas
pipe line system to the various communities
its
Common stock ($5 par)
Purpose—The
Kansas City
natural
There
Kansas, from
diately issued; additional bonds of 3%%
1945—12 Wks.—1944
folio
competing gas systems in any of
of
from
and
pfd. stock (no par)
cum. prefrred stock
fund bonds,
$4,126,157 $13,707,930 $12,270,815
towns
Nebraska.
All
investment
such,
as
$8,285,371.
Authorized
1st
authorized
Jewel Tea Co., Inc.—Retail Sales Rise—
the
and
through
Capitalization
91,800
95.116
The
by it.
$369,258
$255,269
113,685
Ltd..
in
160.000.
lines.
supply
Cum.
^Preference
1927,
amount
regulated
gations
102,744
8,903
;
—
in
small
a
distributes
towns
southwestern
County,
purchased
Dr88l
$32,209
—
and
in
.■
Gross
18,
the
to
purchases
of
109,415
100,000
$368,997
and
approximately
towns.
Natural
686,329
$41,141
gas
industries
Company
$1,422,691
$31,273
distribution
produces
near Norton,
Kan., and near Kearney,
Neb.; for fuel at several central electric
various
served
Utility oper. income..
is
retail
appliances.
at wholesale to 38
Kansas
Kansas
served
and
Company
along
with natural gas and there
1945—12 Mos.—1944
$136,239
63,073
May
a
and,
capital
.
rents gas
institutions
(& Subs.)—Earnings—
1945—Month—1944
___
in
towns
in
towns
Hastings,
to
Period End. Jan. 31—
Kansas
is
Code
long-term
.r.
' "
During the nine months, sales of portfolio
securities, excluding U. S.
Government bonds, exceeded
purchases, on balance, by $3,125,802.
company's pipe line system, of which approxi¬
mately 21,000 are served at wholesale and 11,000 at rfetail.
Company
furnishes natural gas for heating, power and
cooking to large state
it was said, currently has a backlog of
about $12,000,000 of war business and plans to manufacture electronic
•and radar equipment In the future.—V.
161, p. 1318.
Operating
Operation
nine
to
21
meters
company,
Jamaica Public Service Ltd.
wholesale
and sells and
population
1
Air-Track
The
and
Nebraska.
and
Kansas
Company supplies natural
Air-
in
Revenue
net
on
"capital gain dividend."
Kansas
transmission
its
in
of
natural gas
(F. L.) Jacobs Co., Detroit—Sale of Subsidiary—
incorporated
was
Corporation
Internal
tax
Pipe Line & Gas Co,
Name was changed
1941.
Company
is an
operating
public
utility
company
in the purchase of natural gas in the State of Kansas, and
engaged
$5,792,132
of
name
Monday, April'16, 1945
years.
fund bonds, 3%% series, due 1964, at 106%% and inter¬
est. Bonds are dated April 1, 1945 and are due
April 1,
1965.
agents
Interstate Department Stores, Inc.—Sales
April 5 offered $4,484,000 first mortgage sinking
on
whl
distribute
record
See
V.
April
161,
p.
tw0
9.
The
1428.
additional
shares
distribution
will
of
be
common
made
on
1
<
,
Volume
..i. ■*''
•
share.
Years
Calendar
for
Statement
Income
*
*■
■
$22,333,835 $19,733,025
14,130,396 12,057,695
Selling & marketing exp._
—_—1,538,001
1,468,487
General ar.d administrative exps
445,749
403,569
Taxej, ouier, than income taxes———
302,768
302,919
Gross
Cost
operating income
sales and service
——
__
——
___
This
161,
with
compares
$244,462
the
for
period
same
of
for capital ex-
income before prov.
oper.
$5,916,920
1,646,039
tinguishmcnts
Depreciation and depletion-
—
—
„
$5,506,353
1,393,084
retirements
1,369,601
(Glenn L.) Martin Co.—New Product Announced—
Patent
rights
on
quick-acting,
new
a
$2,901,230
75,856
$3,395,211
53,406
$2,977,086
Interest and debt discount and exps._I_
• 224,645
Other deductions
52,134
Prov. for inc. and excess profits taxes—*1,235,638
$3,488,624
231,559
165,487
*1,713,751
$1,464,670
2,953,635
$1,377,823
2,010,899
operating income
Net
Other
income
Gross
.
for
income
Previous
r_
i—
income—
Net
—
the
surplus
year
____.
.
$4,418,305
(cash)
paid
$3,388,725
435,101
18,957
Total
Dividends
accurately the load of any cable, avoiding damage
crimped point and a consequent false breaking point.—V. 160,
to U.
$3,959,498 $2,953,63.*
Earnings per share
$3.36
$3.17
"Includes $613,704 in 1944 and $1,199,925 in 1943 for Federal excess
profits taxes,
ton first mortgage sinking fund bonds, series A, re¬
deemed prior to maturity, less $111,784 reduction of Federal income
taxes relative thereto.
V''' ^'T^■ .V'":. 'v
surplus
.
Assets—Cash
in
and
hand
on
31, 1944
June
1947,
30,
Transfer
Trust
sinking fund debentures due 1959, $6,300,000; re¬
serve
for contingencies, $200,000;
capital stock (435,806 shares, no
par),
$7,609,856;
earned
surplus, $3,959,498;
total, $21,049,683.—
V. 161, p. 1205.
/_s
Louisville Gas & Electric Co.
Electric
totaled
of
output
this
for
company
kwh.,
30,637,000
compared
as
week last year,
corresponding
(Ky.)—Weekly Outputthe week ended April 7, 1945,
with 27,702.000 kwh. for the
10.6% .—V. 161, p. 1544.
increase of
an
Luscombe Airplane Corp.—Output &
Sales Rise—
and mili¬
this corporation during the first quarter
the volume produced in the same
period of 1944, it was announced by Leopold H. P. Klotz, President.
Now
delivering war materials at the highest rate in its history,
Luscombe sales amounted to $1,937,594 in the first quarter of this
year, compared to $928,708 in the first quarter of 1944, Mr. Klotz
Production
transport aircraft
tary
of
this
was
year
said.—V.
161,
more
components for combat
precision
all-metal
oi
1%
of shares of
Chase
agent:
initial
National
series issued
Bank,
Listing—Company has agreed to
due
course
tion
of
town
Los
the
in
New
York
Registrar;
Lyons-Magnus, Inc.—To
Vote
on
Retirement Plan—
to be held on April 24
retirement plan for salaried
employees and the pension trust agreement entered into between this
corporation and American Trust Co., San Francisco, Calif., on Dec. 15,
1944, and the proposed amendments thereto,—V. 158, p. 291.
stockholders
The
vote
upon
at
their
annual meeting
the proposal to ratify the
Up Over 25%—
1945—-Month—1944
1945—3 Mos.—1944 •
$5,174,690 $15,965,565 13,775,662
Period End. Mar 31—
$6,483,369
Sales
The
company
operated 202 stores in March,
year.—V. 161, p. 1545.
1945, as against 201 in
the same month last
ended
year
the
St.
Jan.
31,
Cleveland,
Louis,
small
a
store
pany
present
in
1945—Month—194.4
Period End. Mar. 31—
:'/.■■
Sales
—V.
161,
,'<■
$3,590,073
$2,727,911
$6,304,228
$5,134,654
McQuay-Norris Mfg. Co.—Subscription
Rights—
rights entitling common stockholders to purchase an
issue of 20,000 shares of 4,/i% cumulative preferred stock ($100 par),
in the ratio of one share of preferred for each 17 shares of common
Stockholders of record April 10
share. The subscription priv¬
ilege expires April 23.
An investment banking group headed by Shields
& Co.
is underwriting the issue and public offering of any unsub¬
scribed stock is expected to be made later this month.
Proceeds from the sale will be applied in part to payment of $1,000,000 notes maturing April 26 and the balance will be added to working
capital.
The company manufactures piston rings and other engine
parts for automobiles, trucks, tractors and aircraft, as well as chassis
parts for automotive vehicles.
In addition to the piston rings, the
line of
engine parts includes water pumps,
connecting rods, main
bearings, pistons and piston pins, cylinder sleeves and sleeve assem¬
blies, and valve guides.
Chassis parts include steering knuckle bolts
and bushings, and spring bolts and bushings.
The company also manu¬
facturers a wide variety of other parts to customer blueprint specifications,".
v"
•'
v;
The preferred stock is convertible into common stock
to and in¬
cluding Dec. 31, 1950, at $25 per share of common stock, and during
the following five years at $28.50 a share.
Sinking fund provisions of the preferred shares stipulate that, com¬
mencing Jan. 1, 1947, 600 preferred shares shall be retired each year
before common dividends are paid.
For the sinking fund, the pre¬
ferred stock is redeemable at $106 a share and accrued dividends to
and including Dec. 31, 1949, and at $105 a share thereafter.
At the
option of the company the stock is redeemable at prices decreasing
periodically from $109 a share and accrued dividends if redeemed on
or before Dec. 31,
1947, to $105 after Dec. 31, 1956.
The company's profit after taxes during the last 17 years ranged
from a low of $230,440 in 1938, when distributors' and factory stocks
of piston rings were readjusted
because of the introduction of new
types, to a high of $813,722 in 1943,
Cash dividends have been paid
on the common stock in each year since 1926.
Associated with Shields & Co. in the underwriting are Hornblower &
Weeks; Newhard. Cook & Co.; Auchincloss, Parker & Redpath; Mc¬
Donald & Co.; Reinholdt & Gardner; G. H. Walker & Co.; Kebbon,
McCormick & Co.; Piper, Jaffray & Hopwood; Mitchum, Tolly & Co.;
Farwell, Chapman & Co.; Cruttenden & Co.; Daniel F. Rice & Co.;
Riter & Co., and Bacon, Whipple & Co.—V. 161, p. 1543.
stock,
have
.
became
the
effective
April
10.
right to subscribe at $105 per
stature,
be
and
The
which
the
Marine Midland
constituent
and
held
of
its
than
more
from
time
half
1944
1943
$1,031,777
$902,136
per common share—
$0.18
°
$0.15
provision of $500,000 for taxes in 1945, $388,000 in 1944 and
Earnings
♦
After
$198,000
above
to
that
general
4%
(Ohio)
the
1st
proceeds
net
funds of
the
will
to
company,
in
first
are
adjusted to minority interests as re¬
Stock Exchange.
corporation, the parent company only, during
three months of 1945 from its constituent banks and trust
companies,
received by
plus its other income,
less its expenses and a contingent
$1,573,772
805,339
732,682
1,638,771
1,482,107
stock
Preferred
(no
stock
Common
par).
has
below
named
for
either
Goldman, Sachs & Co._
Lehman
12,500
Brothers
A. C. Allyn &
________
1,000
Ball, Burge & KraUs—
1,000
2,500
6,000
Becker &
G.
Co., Inc.—
ner
ridge
Alex.
1,000
Co,
&
&
Brown
1,000
& Co
Inc..
Republic Co.,
Co.——-
Davis &
H.
Dempsey-Tegeler & Co.
.
;
Dillon
& Co.—
Boston Corp.—
Eastman,
First
Glore, Forgan & Co
Hallgarten & Co.
Harriman Ripley & Co., Inc.
Hawley, Shepard & Co
Miller & Co
Noyes & Co.
Hornblower & Weeks
Hayden,
Hemphill,
Edward
Jones
D.
1,500
1,000
Curtiss, House & Co
Paul
1,000
1,000
4.000
6,000
4,000
2,500
6,000
1,000
1,500
2,500
2,500
Co.—
&
Curtis
2,000
Sons
Cahn
Frank B.
Kidder, Peabody & Co._
Kuhn, Loeb & Co
Mackubin, Legg & Co.—_
Laurence M. Marks & Co._
1,500
6,000
7,000
J.,500
6,000
& Beane
Piper, Jaffray & HopwoodReinholdt & Gardner
Reynolds & Co
Li F. Rothschild & Co.___
Schwabacher & Co.—
I. M. Simon &. Co..
Smith, Barney & Co.——
Smith, Moore & Co,__ —
William R. Staats Co,
Stein Bros & Boyce——
Stern Brothers & Co.__—_
Stifel, Nicolaus & Co.—_
Stix & Co
—
Swiss American Corp
Spencer Trask & Co
Union Securities Corp
;%G. H. Walker & Co
Dean Witter & Co
4,000
1,000
7,000
1,000
1,500
1,500
1,500
1,000
2,000
4,000
1,500
2,500
2,000
Consolidated
1944
Oct. 31,'44
The
•
the
has
the
stock
from
Cost
on
sold—
goods
publicity, delivadmin. exp._
Selling,
and
ery
Prov. for doubt,
Gross
profit
Other income
Total
—
income
-
—
—
income
—_
Ealance
22,487,493
594,931
17,234,964
577,916
11,660,674
646,536
16,691,453
206,776
23,082,425
324,845
17,812,881
370,685
12,307.211
349,578
11,548,750
12,362,514
6,569,113
725,325
1,489,064
381,977
2,128,958
4,964,499
4,697,704
3,259,561
2,768,349
3,691,128
3,691,128
3,691,128
—
_
attributable to appropriations to retire¬
charged to earned surplus.—V. 161, p. 1545.
Melville
surplus
earned
to
Shoe Corp.—Annual
annual meeting scheduled for
the
business
to
Meeting—
April
be transacted at
2 was adjourned to April 24.
both the annual meeting and
the same day. Stockholders
special meeting will vote on a plan for reclassification
preferred stock
special meeting will be transacted on
the
the April
the
24
March Sales Up
Period End. Mar. 31—
Sales
—V.
at
161.
retail
P.
1429.
—
59.2%—
1945—Month—1944
$2,900,915
$4,617,616
of
Cost
Income
Account
(incl.
sold
goods
income
Total
&
oper.
78,722,553
1,405,770
exps,—
credits—,——
income
Income
&
Miscellaneous
income
refund
for
Prov.
charfos
461,062
414,823
52,024
Cr786,000
Cr517.000
425,000
500,000
profits
excess
arising from
war
425,000
_____________________
t319,995
Refund to U. S. Government-.
$2,868,008
$3,239,676
$2,908,852
7,459,512
6,334,460
5,221,095
$10,699,188
$8,089,103
305,383
$9,243,312
229,050
1,554,750
1,554,750
1,554,750
$8,839,055
521,758
$7,548,512
914,530
$6,334,460
914,530
$9,360,812
1,243.800
$2.36
$8,374,042
$7,248,990
621,900
$4.29
income
Net
624,220
Cr916,200
of
conting.
conditions
23,102,210
$14,178,110 $12,802,287 $17,046,482
54,576
81,523
190,059
(estimated)
taxes
54,434,959
1,103,344
$14,232,686 $12,883,810 $17,236,541
1,736,138
1,273,885
1,861,148
13,559,625
7,865,000
9,162,000
—
capital stock taxes
profits taxes
Post-war
1942
1943
1944
$89,306,433 $68,340,590 $4-1.372,912
Net profit from operations—Other
Subs.)
Domestic and Canadian
r
,
Depr. & amort, of plant & equip.—
Previous
surplus
Total
dividends
Preferred
dividends
Common
Earned
surplus
and
Paid-in
Total
capital surplus—
other
surplus
____„——
Outstanding common shares
U.
to
—.
excess
of
$4.31
199.894
„
contracts for the
(less applicable Federal excess profits taxes)
amount provided at Dec. 31, 1942.
1942
Balance
Bee. 31,
Sheet,
1944
$9,532,920;
Dominion
of Canada
bonds, at cost,
and accounts receivable (incl. unbilled charges for
Assets—Cash,
$126,126;
621,900
Government under renegotiation
S.
ended Dec. 31,
not*s
after
facilities,
reserves
$66,5^9), $9,081,576; accounts
subsidiaries,
$15,882;
sundry
for doubtful notes and accounts of
receivable from English and Swedish
accounts
receivable,
incl. emplbyees'
accounts
of
$81,288),
$228,152;
inventories,
$19,519,380;
post-war
refund of Federal excess profits taxes, $1,856,845; investment ini Eng¬
lish
and Swedish subsidiaries, $44,618;
cash value of life insurance
policies, $269,923; real estate, plants, and equipment (after reserves
for
depreciation and amortization of $3,094,094), $4,696,613; patents
amortization of $137,562), $191,731; trademarks and goodwill,
(after
deferred
etc.,
charges,
total,
$340,914;
$45,904,681.
payable,
$3,066,148;
accrcued expenses; and
and capital stock taxes, $1,875,318; income,
excess
profits, and capital stock taxes (after U. S. tax notes at cost
and accrued interest of $2,754,150). f$8,312.092; notes payable to banks
under Federal Regulation
V. $9,900,000; reserves for special contin¬
gencies, including those arising from war conditions, $1.089.91**: 4%
cumulative convertible pfd. stock, series B (30,700 shares), $3,070,000;
4'/4% cumulative preferred stock, series C (25,000 shares), $2,500,000;
4%
cumulative preferred stock, series D (30,00 shares), $3,000,000;
common stock ($3
par), $3,731,400; paid-in and other capital surplus,
$521,758; earned surplus, $8,839,055; total. $45,904,681.—V. 161, p. 111.
Liabilities—Accounts
other
than
income
Ontario Paper Co.—Proposed Refunding
Minnesota &
H.
Robinson, President, on
shareholders, at their annual meeting
R.
in
asked
mately
M.
connection
issuance
interest
extending over
Mr.
reduce
a
Robinson
annual
with
of
$6,000,000
the
bearing
1945—3 Mos.—1944
$8,704,124 $7,119,872
-
•
30,000
sales
Net
taxes
4,070,976
_
fund
that
15,578,692
one,
v
$1;
500,000
surplus
♦Credited
at
657,266
16,034,186
364,950
contingencies
Dividends
The
219,665
&
inventories
for
war
>
for
shares
preferred
Calendar Years—
plant
27,389.757
in Federal in¬
taxes
come
95,646,106
taxes
state
&
♦Savings
Prov.
.___
_____
deductions-——
Income
Federal
on
accts.—
86,276,363 115,123,697 105,870,389
.'"•V
21,938,709
30.372.476 28,625,565
Cr69,321
Cr64,355
51,773
capital
outstanding
two
•
Consolidated
in
discts. 124,179,937 167,919,311 151,782,692 134,916,203
less
sales,
of
the.
split,
was
share, thereby changing the out¬
621,900 shares (no par) to 1,243,800
per
shares of preferred stock, designated
stock, series D ipar $100) were sold to
which the company realized the net sum of $3,047,128.
additional
an
cumulative
Consolidated
Gross
stock
of $3
in
made
were
$3).v
(par
public,
Capitalization
in
common
value
par
a
common
April
changes
two
March
new
a
reached.
been
Changes
1944
In
4%
year
1942
'"
its previous smaller Regulation
arranged through a group of
of
was
contracts
assigned
In
place
credit
V
•
at
the
bank
the
of
men
the company obtained
1944
take
to
new
tRefund
1943
'
Regulation V revolving
V credit.
banks to
finance war production and terminations, in amounts as required from
> time to time by the company, up to a maximum amount of $30,000,000.
This
credit
is available until
June 30,
1947, but the company can
reduce
or
terminate
it
at
any
time
without charge.
The credit
carries the form of Government guarantee which provides protection
to company at the time of termination of war contracts, through a
provision that maturity is suspended and interest
waived on the
portion of the loan represented by terminated contracts until settleMidway in
credit
.
Statement
—-Years Ended Jan. 31
9 Mos. End.
settle¬
VT Loan
Earnings per share
Income
renegotiation
■
have
operations
1943
renegotiation refunds for that year.
any
2,000
1,000
1,500
6,000
1,000
1,500
1,500
1,000
1,000
1,000
final
including those arising from war conditions.
renegotiation for 1944 has not been concluded, it cannot be
at this time whether the company will be required to make
Since
Federal excess
2,000
1,000
all
1943
determined
shares
1,500
of
applicable Federal tax credits) was $261,088, of which
represented a reduction in post-war refunds of 1943 Federal
standing
Shares
cost
net
contingencies,
and
150,000 shs.
2,460,792 shs.
'
*
covering
the
settlements
The
(after
stock.
Merrill, Turben & Co
•
Morgan Stanley & Co.—
Maynard H. Murch & Co.—
Newhard, Cook & Co
Paine, Webber, Jackson &
Bosworth, Chanute, Lough-
a
profits taxes. - This $261,088 net cost of 1943 renegotiation has
been charged to the reserves accumulated at Dec. 31, 1943, for special
•
—
1,500
Co., Inc.
Baker, Watts & Co
Hartt,
Co.
excess
$518,100
McDonald & Co.
Mellon Securities Corp.
Merrill Lynch, Pierce, Fen-
12,500
Utilities
previously named directors,
two
Gale.
They will serve until the first
stockholders following consummation of the modi¬
161, p. 990.
renegotiation
$123,673
\ 942,500
Name—
Samuel
Jay
and
Midland
1943
concluded.
ments
agreed
Shares
of
addition to
year.
Final,
been
set opposite the name of the underwriter below:
preferred stock
in
H.
University,
Estate
are
are Leo J. Sheridan, President
Rickley, former associate pro¬
111.,
John
1944 were $89,306,433, the largest in the history of
This sales volume compared with $68,340,590 as re¬
without giving effect to renegotiation refunds for
for
company.
ported
has agreedHo sell, and each of thfc under¬
to purchase the number of shares of
Underwriters—Company
writers
sub¬
Minneapolis-Honeywell Regulator Co.—Annual Report
$8,436,600
250,000 shs.
5,000,000 shs.
^
*
(par $5)
its
Allport and Willis D.
meeting of
Net .sales
Outstanding
$8,436,600
and
company
reorganization plan.—V.
the
Effect to Present Financing)
(incl. subs.)
Chicago,
Co.;
Lehigh
the
directors
During
Funded debt
Approved—
April 5 approved three
on
this
of
ago.
com¬
the first
mtge. note due 1945-50,
of America_______
Commission
directors
of
of
&
at
of
trustee
new
_j.—2,600,000
(After Giving
Capitalization
so
*.
years
be available
Prudential Insurance Co.
by
business
annual
acquisitions being in 1927.
store in Los Angeles, located
second
Sheridan
and
figures
ported to the New York
Dividends
the
the
through
all
men,
L.
fied
these
tlonal City Bank of Cleveland—
of
in 1943.
Note—The
the
1945
$1,050,409
$0.18
$1,708,738
7,8z2,072
Utilities Co., and released all jurisdiction which
modified reorganization plan for the two com¬
the
over
of
Hamilton
»
ac¬
century
a
time by
to
expanded
and
Building Co. 4% 1st mtge. note due 1946-50,
held by Prudential Insurance Co. of America..*
'
1%% notes due 1945-48, held by Irving Trust Co. and Na-
banks, trust companies, and other affiliates)
operating earns, after taxes—
$786,587
Exchange
Midland
three
The
May-O'Neil
Corp.—Earnings—
Quarter Ended Mar. 31—
♦Net
2,352,471
$859,829
board
G.
successor
of
$180,000,000,
Angeles stores
the
and
fessor
The present business is the outgrowth
Denver
last
opened
exceeded
downtown Los
developed
intended
added
Building Co.
May
ment
(Corp.
3,167,748
—
the
for
held
had
of
in¬
for
general corporate purposes.
Company intends that portions of the
amount so added may be applied, together with other general funds
and proceeds of any further financing, to the development of retail
store operations in certain suburban areas and to the modernization
and improvement of various existing properties of the company
and
subsidiaries.
In connection with the prospective opening of three sub¬
urban stores in St. Louis and one in Los Angeles,
the company and
subsidiaries have in recent months acquired several
parcels of real
estate at a cost approximating $1,000,000.
No definite plans and con¬
tracts for further acquisitions and construction in connection with this
program of development, modernization,
and improvement have been
made, but a present estimate of the additional cost thereof, which is
merely tentative, would be $15,000,000, more or less.
In due course,
the company intends to effect the retirement, without premium, of the
following indebtedness of the company and subsidiaries:
is
Purpose—It
The
7,348,732
1,127,447
panies.
primarily in the opera¬
in St. Louis, Cleveland, down¬
certain of the cities in which its present stores are located.
Central
Subscription
_
$12,825,218 $11,743,315
3,901,225
1320.
Securities
sidiary,
outlying shopping community some distance from the main busi¬
ness section of the city.
Company proposes, as opportunity arises, to
develop other-retail store operations, particularly in suburban areas of
1945—3 Mos.—1944
1096.
P.
Irving
an
A.
Sales Up 31.6%—
161, p.
Exchange.
1945,
acquired
were
and
the company
1939,
in
stores
predecessors
or
their
In
established
other
Blyth & Co., Inc._
McLellan Stores Co.—March
$5,815,253
Midland United Co.—Nominees to Board
engaged
is
department stores located
Name—
McCrory Stores Corp.—March Sales
$3,282,813
3,923,956
1,494,028
income
income
nominees
its best efforts to list the shares
use
Authorized
will
$5,826,359 $12,842,092 $11,771,542
11,100
16,874
23,227
—
operating
The
prior to such year.
York.
New
Stock
Business—Company
counted for approximately 70%.
of
taxes
Net
Angeles, Akron, Baltimore, Denver, and an outlying shopping
Los Angeles.
These stores had a combined sales volume in
fiscal
which
the
on
and
seven
district
1428.
p.
1945—2 Mos.—1944
$6,291,129
8,313
rev,
expenses
—V.
it
by
than double
Net
Co.
stance
$81,705; 3%%
Operating
Operating
from March 1, 1943, and payable June 1, 1945,
Redeemable at company's option, in whole
at any time upon 30 days' notice, at $107.50 per
share and accrued dividends,
with reductions on July 1, 1947, and
periodically thereafter.
Sinking fund to retire for each year after
payable, $35,930; accounts payable, $1,642,126; ac¬
crued liabilities,
$1,020,567; funded debt sinking fund payment due
within one year, $200,000; advances under Government contracts (after
disbursements for which reimbursement has not been received of $68,295),
oper.
part by lot,
to
Liabilities—Notes
161, p. 1429.
'1945—Month—1944
-
revenues
Operating revenues
an
quarterly- thereafter.
in
or
valuei, $100,650; notes and accounts receiv¬
able (after reserve for doubtful notes and accounts of $100,567), $1,340,229; inventories, $2,451,876; cash value of insurance on life of
officer, $190,829; cash in banks—United States Governfent funds, $81,705; investments and advances (cost), $264,987; fixed assets (after reserves
for depreciation and depletion,
$14,865,351), $12,005,661; de¬
ferred charges, $186,626; total, $21,049,683.
(redemption
bonds
ings
earmarked for purchase of additional tim¬
plant expansion, Alvin A. Voit, President, said on April 2.
will be $2,000,000 and should complete the company's
Period End. Feb. 28—
Operating
Dividends cumulative
and
Thereafter
$4,427,120; United States sav¬
banks,
now
already
Michigan Bell Telephone Co.—Earnings—
the
2075.
undeiwriting group that offered April 8 150,030 shares
of $3.75 cumulative preferred stock (no par), at $103.50
per share, plus accrued dividends from March 1, 1945.
.
Balance Sheet, Dec.
Consolidated
fund
the proceeds from the recent sale of 14,960
preferred stock to a holding of $1,250,000
add
cumulative
bonds
May Department Stores Co.—Preferred Stock Offered
History
Earned
5%
post-war needs as now seen, he said.—V.
at
p.
Goldman, Sachs & Co. and Lehman Brothers headed
in
4,750
renegotiation, 1942
S. Govt, re
of
Uncollectible
435,090
_____
tPremium and unamortized expense.
Net refund
The
all-purpose
will
company
ber lands and
cable clamp have
just been issued to this company in the name of its inventors, James J.
Pasela and E. Stanley Knockel, machine shop employees in the Martin
engineering laboratory.
This
device
makes it
possible. at last
to
718,053
i—
other
oi leaseholds &
Amortization
The
shares
measure
Net
Mengel Co.—Plans Expansion—
1944.
671.
p.
Government
——
—
of
—V.
1943
1944
At
1657
provision of $25,000 for taxes for the period, was $267,471, or 4 cents a
(& Subs.)—Earnings—
Lion Oil Refining Co.
'>
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
Number
161
5%
a
income
thereunder
at
df
bonds, to authorize a new mortgage
$6,000,000 of new mortgage bonds
approximately
3%
period of 15 years.
further
stated
that
interest
April 10 announced that the
to be held on May 28, will be
proposal to refund the balance of approxi¬
charges
by
per
the
annum,
proposed
with
maturities
financing
would
approximately $120,000 and ueduca
THE COMMERCIAL & FINANCIAL CHRONICLE
.1658
annual
bond
the
for
which
retirements
$1,450,000
averaged
have
preceding
the next
ever
He
four
to
years,
15 years.
average
an
:
(b)
bonds
$2,500,000
maturities
the
initially
debtedness
shall
be Issued
at
be
not
at
rapid
$17,515),
less
$202,000;
first
$195,000;
reserve
solidated
fore
be
then
will
company
than
2%%<
four
and
Stores
sale
on
the
at
^'A
•
In
and
New
residents
as
$3
paid
-
and
other
The
will thereby
living
to
policyholders
in
Mutual
Life has
two States alone,
about
close
1944.—V.
OI
161,
machine has been placed
operation by this company in its mills at International Falls, Minn.,
another step in its research expansion program, it is announced by
in
f
as
Robinson.
Mr.
''
*•
».
National
■
commercial
in
•
The
•
V.
production.
currently
company
161,
882. '
p.
;
machines.—
production
.>;%% *
three
operating
is
•
.
corporation on
Corp.,
Mr.
;
dividends
verting
Marvin' D, Adams, President
of the stockholders' protective committee, and Robert D. Sanders of
Jackson, Miss., were elected directors, succeeding Harry B. Lake and
Lewis E. Pierson, both of New York, who were defeated for reelection.
Matthew S. Sloan (Chairman of the board), Frank Phillips (of Bartlesthe annual meeting of stockholders,
and
members
13-to-2
Francis
the
Olcla.)
ville,
board
of
Randolph
F.
(of
1545.
1944
when
finished
and
V.
entire
fqr
in
the
the
1944
holders
•
the
was
Charles
standpoint of
York) were reelected
management still has a
March
the
Despite
27.
•
shortage
the
the
at
,
history
order.
time,
•„
.•
•
,
personnel
•
-
,
hold lUtstandiiiV promise for peacetime markers.!
-'
April
on
5
/,
1
that
it
has
on
I;, .'
*
latter
—V.
profits
the
same
Telephone
Period End. February—
Operating
Income
Account,
1945—Month-$1944
its
of
Profit
1945—2 Mos.—1944
$3,736,872
$3,462,510
$7,560,015
(incl.
6,485
5,686
12,969
$3,730,387
$3,456,824
$7,547,046
$6,944,149
Income
Total
2,435,139
taxes_/_____
Operating
868,284
2,375,829
-687,559
income..^,
$426,964
$393,436
$860,238
an
296,266
259,793
599,000
Prov.
523,169
4,726,298
1,421,617
Ended
Interest
oper.
income
—V.
161, p.
operations—.
and
order.
is
always
alphabetical
not
as
127,627
$5,072,453
____
Munising Paper Co.—Annual Report—
the
year
1944
negotiations
U.
the
Depart-
profits
excess
-
for
contingencies....
Balance
and
<
Sheet,
hand..
on
the
1940,
years
basis
a
for
loss
a
1941
on
and
1942..
disposal of
The
timber
During
$77,000
the
on
balance
sheet
current liability and
it affects prior years' taxes.
funded debt of the company was
as
a
the
the
year
applied
to
amount
of
the
the company
and
accordance
major
lands
with
the
the
retirement
of
of
the
bonds
on
were
Accrued
Prov.
for
•r
-
and
Notes
Income Account for Calendar Years
• ; A
1944
•
.
,
sales
Cost| of products sold-__-_:____
Selling, administrative and general
2,954,643
the
Net
Operating profitInterest, dividends received and sundry
i'i
and
(net)./.
273,088
$308,930
/
*
of
Total
Loss
of
discount
and
;
15,115
6,562
expense
disposal of assets..
on
Adjustment of
Sundry
coal
—
1,178
Inventory...
...
The
-
'
4,315
p.
'
normal
income
tax
and
112
...
excess
profits
tax
(est.)
'Federal
surtax
(est.)..
82,000
-
94,000
70,000
(114,775
'
'■
&
excess
profits
•
profit...
for
deprec.
included
in
costs
and
exps...
100,108
'After credit for debt retirement.
Note—Cash dividends declared
in
on
first preferred stock totaled
$45,220 and on common stock $67,537.
The
provision
of
$250,000
for
additional
shares,
A
'
66,831
'
/
the
Weir
61.5%
of
share of
per
Investors
National
2,200,000
,.
of
With
partly
on
income
for
the
12,250,000
"
79,038
1,161,847
5,738,750
5,738,750
1,337.589
and
$1,008
by cancellation
refund
no
due.
that
agent
for the
the
1,337,589
970,792
642,156
with
"
agent
under VT loan
the
in
war
its
and
In
of
be
stockholders
will
vote
City
of
Life
$1
has been
York
par
value.—V.
ap¬
161,
:...
Insurance
should
not
on'April
19
this company,
that
as
due
*
war
far
at
as
confront
important
an
as
any
our
now
since
is'
it
en¬
considera¬
operations ace
own
National
is
time
however,
stage,
become
So
Weir
Mr.
emphasis
Steel
Corp.
with
•
Account
for
Calendar
1943
;
Years
1942
,
and
exps.
42,478,386
52.694,834
57,251,209
1,661,182
1,559,185
1,371,635
44,139.563
54,254,019
58,622,844
47,265,010
'14,463,646
13,702,076
12.521.431
8,496.454:
1,637,812
1,663,125
1,720,208
1,740,000
——
33,750
—
depletion—
■
of
bd.
on
approving
160,
p.
profit-sharing
a
disc.
the
part of
'
future
the
l,llj,f6l
etc.
86.741
90,456
117,587
102,106:
taxes
6,920,000
7,000,000
7.625,000
8,375,000
11,125,000
Federal
20,900,000
24,750,000
11,450.000
845.000
1,550,000
2,075,000
a—
750,000
2,000,000
;„
10.751,369
11.698,362
11.929,867
6,617,526
6,608,674
6,598,903
7,146,99
5,089,688
5,330,964
9 955 35
2.206.267
2,205,667
2 205 66
$5.30
$5.41
excess
tax
refund
profits
for
of
tax
ex-
,
(Cri
contingencies
and post- war adjusts.
Net
profit
—;
Dividends paid
—
———
Surplus
Shs.
stock
com,
Earnings
per
'Includes
2,206,472
outstg.
share—
A
$4.87
amortization
on
a
60
months
basis
Balance
Sheet,
17,102 35
'
$7,1
$6,166,371.
Dec,
31
1944
Assets—
U.
:
on
certificates of
S.
^Notes
hand
and
and
deposit.
on
40,820,370
accounts
25.000
receivable
18,458,111
36,515,159
4,916.251
investments
♦
17,869,853:
36,363,047
—
re¬
assets
1
■
real
certain
charges
Total
9,289,535
157,462.737
2,799,676
—-—A'---—
2,822,705
—263,881,714 258,132,279
Liabilities—
First
A :,.r
payable
liabilities
taxes
on
^___
Serial
notes
mtge.
income
(due
money
to
.
(est.)
3s,
5,054.0^
1346)
f
■
1.500.(X
—50,000.000
50,OO0,O(
4,500.000
6,000,0(
—
mortgages
326,655
A
—
—
estate
surplus
security for
-
reserves
___:
_____________
for
345,4f
14.196,905
11,851.0"]
55,159,800
55,156,61
38,673,915
(par $25)
Capital surplus
Total
7,900,0(
"1,500.000
1965_.1/_T.
■.
Capital stock
14,410,71
3.045,000
(current I
bonds
20,160,908
4.942.101
—
t
notes payable
(coll.)
'After reserves
household
4,801,185
9,536.874
150,937.385
IZ
!_____^
Properties
Deferred
g
29,346,105
indebtedness
Inventories
Other
1943'
•J;
s
Cash
Earned
2406,
'
■
in
46,152,15i
4,133,843
for
Prov.
1941
$,«'.*
$
?
$
'
256.168,340 219,851,176 200,575,863
209,879,077 203,473,506 162,599,967 154,423 713
serial notes
on
Purchase
Profit-Sharing Plan—
Co., Montpelier, Vt.—"Pack¬
-
6
decreased
refund
,
Income
profit
for Federal
Reserves
on
'
announced
refund
adjust¬
clearance
production,
much
as
problems."
income
^Federal
Agent—
New
capital stock of
April
the
the
no
the
yefcr
portion
a
Final
view
will
the
post-war
profits.
there
present
may
twelve months.
reconversion
sales
Accounts
A
v
::
;
of
The amount of
1944
on
for
for
252,357,463
profits
Serial
of
National Lead Co.—To Vote
loans made by
Of
out
earnings
completed
refunded
contingencies
effect
reconversion
charges
Prov.
76,505
1,392.640
Corp.—Transfer
Bank
./;•*
It-was
refund
pointed
1944
stock
was
be
to
company.
for
no
with
sales
Prov.
9.435.122
/2,391,214
par)
no
equipment would be considered
taxes
due
had
retired
123,722
72,827
aged" Loan Approved—
1944
to
contracts
amount
is. anticipated
next
and
$2,290,327
"
transfer
National
in
with
The Federal
post-war
Mr.
38,671,7£
.71.376,430
67,242,58
$160,565
95,123
$9.68
and
reserve
it
difficult
Premiums
59,462
128,340
taxes
plan for employees of this company.—V.
Ndt
Prov,
$845,000
equal
■
,_1
882.
The
146,000
$132,803
.
the
1943
Interest
170,000
::•••
$2,050,533
:: <\
—
12,632
________
-
Federal
$21,357,350.
were
an
war
net
Consolidated
V
payrolls—r
$1,450,000 par value deocsited
tV loan.—V. 161, p. 1246.
/
Chase
pointed
compared
$16,135,556
post-war & other contingencies
National
$426,558
6,572
____
$316,966
11,669
.....—_________
Amortization
$'3,243
was
$17,200,000.
is
from
The
1944,
in
Accrued
Bon*? interest....
local,
sales,
income
for
Deprec.
381,237
$16,349,517 $16,135,556
agreement.
21,191
employees
year.
Total
646,203
53,948
surplus
'Notes
' 3,747
of
average
3,787,689
184,000
Total
$422,811
8,036
income
net
1943.
to
Other' income
1,454,36-5
3,734,238
303,746
$16,349,517
surplus
Earned
aiike,
economic
3,829,819
™
i
reserves
Capital stock
allies
the armed forces ,of
an
commenting
Cost
1943
935,275
2,387,695
308,571
...
of
therefore,
received
cess
3,544,775
charges.....
income
Fed.
for
and
disrupting
-
possible that
$4.18
;
•-
'1,754,250
payable
Capital
$3,083,594
expenses..-
$5.72
'
1943
$3,572,145
■
payable
Operating
prdvision
1944
Harbor.
1,927,057
State, local and capital stock taxes
social security taxes__l___
Reserve
Net
properties
Liabilities—
indenture, $70,222 will be
April 1, 1945, reducing the
the
was
.
of
to
1944
$3,874,725
v
;
Accrued
and
deduction
tax
in
,
tirely
301.284
'
surplus
bonds
5
i./
tax series
notes,
assets
Accounts
state
there
subject seems rather remote since
placed on maximum production for
I
bond
enemies
on
reconversion to peacetime
sai-dr' /•-■>/.:.
820.000
$4,483,916
non-operating properties (net)
Post-war refund of excess profits tax
reduced by
1,500 shares of first preferred stock.
retired
terms
employee
post-war refund
and,
Post-war
I
__
supplies.
operating
Deferred
post-war
only of steel but also of a
regular lines, the manufac¬
our
Pearl
31
Dec.
Total
outstanding to $126,000.
During the year dividends
paid totaling $1 per share on the first preferred stock and 50
per share on the common stock.
V '
cents
and
the
the
being
$479,478
.
Investments
is adjusted because
account
In
tor
not
"The
2,420,000
1,355,368
S. Treasury
should
country
-
and
charged
In
Crl75,000
share_____._.T______.z.
common
Total
contracts in
1942.
As
a
result of this agreement, the
will be required to pay approximately $250,000,
This amount
shown
the
earnings
65,625
,
2,320,000
Crl75.0C0
570,000
taxes.
credit..
328,539
Total
timber
and
company
Is
taxes
concerned
in
slightly larger number of
a
paid partly in cash
was
was
243,447
$657,176
banks
the
of private enterprise will be
indirectly,
and
1943.
1,644,658
-
1944
Materials
concluded with
were
ment of Internal Revenue affecting the company's Federal income and
controversy
1942
1942
war.
$5,498,208
1,385,107
Receivables
During
of
increase of $6,747,116 over the payroll
an
amounted
8.5%.
Operating
profits
excess
post-war
:
in
was
in
10,633
Assets—
Cash
and
of
per
after
Federal
taxes,
ments
113.105
£>r9,087
____
per
volume,
one
;j:-u
business
on
against
at
$68,724,131
tax,
Renegotiation of
of
$5,374,469
income
.
possible.
No
employee.
very
$4,953,914
...i
1
post-war and other
>
sales
on
interests
outproduce
outside
15,584,881
_
Earnings
to arrange
companies in exact
However, they are always as near alphabetical
position
the
Amort,
it
reasons
far
defense
production
This
$2,923
profits
concerned,
17,027,787
_
____
tax
Net
mechanical
to
1944.
average
ad
held for disposal".—
prop,
income and
profits
Dividends
NOTE-—For
the
burden
undertaken
taxes, Federal,
before
1320.
possible
amounted
.provision,
per
1943
deprec. and operating properties—_ 249,484
on
notes payable
65,687
for
to
of
highest
have
Consolidated
;
;
...
uon-oper.
Excess
Prov.
return
corporation
$21,931,701 $20,959,350
warehousing
etc.)
Prov. for Fed.
Net
Net
line
•
31
Dec.
.....
income
for
States
products,
we
average of
that
1943
Repairs, renewals and maintenance
$796,234
4,955,699
1,731,109
the tax
that
fe-
j,.
the
complaint.
no
however,
1944,
of
$
from
of
modest
be
can
in
>
earnings
as.a. result,of war."
however,
in
iLf61'9!7,0*5 received by
The
12,335
Operating revenues..
Operating expenses
sell.,
expenses,
Other'income
$6,956,484
oper., rev.
revenues...,
Uncollectible
prices
the
to
our
tion within the
Years
...
sales
of
were
hoped," he said, "that when the shooting stops,
prudently to moderate the tax burden and remove
industry may earn in proportion to production.
that
other
1943.
concluded
company
renegotiation
sales
Cost
Telegraph Co.—Earns.
&
1944
1944
Net
of
employees in
.
'
ministrative
States
of
the
for
$
90,899,173
of
rate
earnings,
earnings
request'of the Government."
Wages and salaries, including the $2,000,000
provision for retroactive
awaiting determination of the final operating results
the basis of renegotiation of the 1944 profits is the
used for renegotiation of 1943 profits, the reserves for
other contingencies make adequate provision for such
and
be
United
of which
/wages,-
If
that
as
there
warned,
to
so
achieved
we
is
year.
*
1545.
161. P.
Mountain
part
Government
1944
for
steel
/
United
ture
always
not
1944
■
renegotiation.
%,.■
$
53,382,733 110,134,279
is
The
States and our allies have been the "customers"
for almost
entire output of National Steel
Corp.
"It is a matter of deep sat¬
isfaction both the
management and employees," he said, "that in 1944,
funds
bank.—
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
as possible.
A.v'"
V
1945—2 Mos.—1944
$
$
it
reasons
$11,698,362,
of
stockholders, and build adequate financial reserves.
country," he continued, "is to retain the individual economic
that made it great and gave it the industrial
system that
the
Total
mechanical
of
annual
an
balance
the
treasury
Newr, York
a
of
.
an agreement with
profits.
The effect
of this settlement reduced
1943 sales proiit by $1,833,439. but after
giving effect to the adjustment of the Federal taxes paid upon this
amount
the net cost of
the company
amounted, tc $341,680.
This
amount
was
charged to the reserve for contingencies, provision for
which was set aside out of the 1943 earnings/
Renegotiation of the
the
In
the
developed
1945—Month—1944
65,572,358
_________
with
loan
term
from
part
:
the
level
^ejr s^ted that, directly
the
.
National Enameling & Stamping Co.—Annual Report
.
past-war
Period End. Mar. 31—
converting plants..
in
1943
at
and
industry,
shares of
2,206,392
on
The
surplus.
steel
created
effects of war."
,
;
■
Montgomery Wurd & Co., Inc.—March Sftles—
Sales
own
was
$6,617,526.
earned
the
in
depre¬
taxes
liability
wage
paid
1939."
this
best
the share-
;-t
a-nnounced
mill
were
f°e9J?ate financial reserves in the hands
the
first and
years
and placed
in
production
a
new
series of " casting sealants, now used on B-29
bombers and
other military aircraft, which frees the United States
for
dependency on foreign-produced tung
oil for Impregnation of
aluminum and magnesium airplane parts.—V. 161, p, 1545.
7
Company
A
* "
*
?
r
•
New Product—
into
converted
this
of
provided
were
three-year
a
"Of
is
acquisition of Ontonagon
company,
restrictions
and
position
equipment which handicapped research, he said, the company brought
out 62 new products during the year.
All have war applications, and
many
our
freedom
tax
possible
this
of
annual meeting^ of
.
technical
of
purchase
NOTE—For
in
year
President, said
Belknap,
on
fruitful
most
"It
excess
\.
products announced for the first
new
production
in
as
reduction
a
restrictions
the
the corporation's
from
part
"
From
with
said:
require
period.
160, p. 2406.
Chemical Co.—Has Record Year—
Monsanto
the
product in
Funds
New
The
directors.
of
majority.—V. 161. p.
the
to
to
share
earnings
interest,
profits
excess
affecting
per
with
Dividends
general
same
return
acquisition of this mill, consolidated an¬
nual sales will increase by about $4,000,000, or on the basis of $21,500,000
annual sales as compared with approximately $17,600,000 for the year
Missouri-Kansas-Texas RR.—Two New Directors—
At
that
added
and
retroactive
$4.87
or
amounted
the Congress will act
.
Jersey aggregated $65,393,312 at the
7 announced
159.
required.—V.
charges including
the
directive
compares
share.
and
The
the
number
estimated
This
per
was
Weir
will
plants.
It- is
$10,751,369,
leader
'
Corp.—Acquisition—
April
to
Board
lex£tct steel
01 receive lai'8J profits
The
Ontonagon,
of
all
income
cover
commenting on the fact that
throughout the war have shown a
Mich.,-which owns and operates a kraft
pulp and board mill producing approximately 100 tons daily.
With
this acquisition, the National Container Corp. now has a daily capacity
of approximately 500
tons of kraft pulp, and board representing an
increase
of
about
100%
within
the
last
12
months.
Subject
to
Governmental regulations, the corporation intends to convert the entire
production of
this mill into shipping
containers in its. own- con¬
unit, which except for width,
new
Container
be
sales.
enabled
The
Fibre
•
is of substantially
the same design
as
the present production machines, is to provide
the company's
research department with means for producing structural insulating board under conditions similar to those encountered
the
Purpose of
,
of
If
newly constructed experimental Insulite
Labor
$5.30
991.
p.
after
year,
to
share
per
'
A
will
estate
In
of life insurance in these
203,941 individual policies.
$758,887,829
the
Federal
production.
1
represented by more than
real
,
$2,000,000
stock.
tmained
endowments,
-
Investments in New York and New
Announces New Unit—
matured
benefits.
'
or
and
benefit
was
the
,
depletion,
to
4.3 %
$25,445,173
of
total
ranger
in
Relatively low earnings resulted
from
extremely high production
sales, Mr. Weir said, because
"wages, materials and other costs of
-doing business, as well as taxes, have increased
greatly and have
moro
than
offset
the operating economies made
possible by greater
,
a
for
$4,133,843,
•
against 207
1097.
received
the
to
War
the
equal
1944 Over $25,000,000—
Jersey
article
of
amounted
payments from The Mutual Life Insurance Company of
New York in
1944, the company announced today.
Of this amount,
approximately $14,131,499 was paid In death claims, while the balance
J
thereof; and
principal amount
York
New
provide to the company $6,000,000 In cash funds*
■
by
$6,486,306 $21,098,481.,$17,009,745
161, p.
loan
■•••■••
corporation had the highest production in its history in 1944
earnings were lower than in a number of peacetime years, E. T.
chairman, points out in the company's 16th annual report;
Earnings
1945—3 Mos.—1944
1945, amounted to 208,
month last year.—V,
ments in Two States in
from
investment
operation in March,
the
*
provision
Mutual Life Insurance Co. of New York—Benefit Pay¬
the annual interest charges upon
proposed to be issued.
the maturities of the first seven ma¬
the maturity of June 1, 1960, will be
times
$2,300,000
for
in
same
of
ciation and
Murphy Co.—March Sales Up 35.82%—
1945—Month—1944
;
.
Weir,
'
$20),
$8,809,615
in the
of bonds first to mature will be pledged to secure
banks of the same amount, which borrowings will
mature and carry interest on the same date and rate as the pledged
bonds; the $3,700,000 of bonds due June 1, 1960, will be sold at private
The
borrowings
payment),
for
Sales
,
-^a AA.vA;-:#./
,3.2%,
.
in
wholly
interest rates on
be
applied
bonds, due
mortgage
(par
Period End. Mar. 31—
outstanding including those
annual
turities
the
Canada
on
less
not
bonds
The
k
based
taxes
shall
the
.
and
be
notes—to
tax
Com*
available
is submitted, will be considered as part of the real
subject to rules and regulations which -will be pre¬
the stipulation legal department, he said.
Some degree of
by
capital
and subsidiary companies in the
owned directly and indirectly be¬
income for the Immediately preceding fiscal year
of
earnings
States
stock
(G. C.)
.
United
Treasury
the
be
The
but
5%
sinking fund
July 1, 1947,
workmen's compensation, 85,782; 5% first pre¬
$916,800; common stock (par value $5 per
share), $675,370; capital surplus, $36,013; earned surplus, $641,332;
total, $2,959,943.—V. 160, p. 731.,
ferred
initially issued;
of bonds
$6,000,000
$200,000
S.
of
mortgage
would
refrigerators, for
appraisal at the time
as
included
are
and
insurance company.
appliances, such
values
Chairman
"packaged"
directors
National Steel Corp.—Annual
Report—
payable, $281,397; accrued Federal capital stock
$6,250; Federal taxes on income ($152,000 estimated year ended
31, 1944 and $250,000 additional for years 1940 through 1943—
U.
by the
of
security,
451.
Liabilities—Accounts
tax,
electric
or
affixation
p.
made
and
so-called
new
board
t-tt
Dec.
provided, further, that the
holders
of
two-thirds
in
principal amount of all bonds then out¬
standing shall consent thereto or upon a showing that the company
or
its subsidiaries whose securities are pledged under the indenture
A <other than Minnesota, Dakota & Western Ry. Co.) shall have made
i
net additions to its or their fixed properties and then only to, the
extent of 60'*
of the cost of such net additions, and that the con¬
the
of
of
the
application
scribed
inventories
(at lower of cost),
$701,450;
other
property,
plant and equipment (after reserves for
$2,516,272), $861,546; patents (at cost less amortiza¬
$1,969;
assets,
the
by
loans
reasonable
estate
of
$360,267;
depreciation
gas
Vice-President
the
said
approved
home
which
Treasury
tion), $1,768; deterred charges, $79,264; total, $2,959,943.
those
than
rate
(at
S.
all
Meredith,
Finance,
on
been
New
>
bills and certificates of in¬
cost), $299,946; accrued interest thereon, $67; accounts
U.
receivable—trade (after reserves for discount and doubtful accounts
.
time, provided that
any
more
a
\?y-}
Balance Sheet, Dec. 81, 1914
,
'
issued:
thereafter
may
thereof
Douglas
had
•"^
'
.
Assets—Cash,' $653,666;"
V
<
$6,060,000 of
on
L.
,
'
-
mittee
this additional tax.
annum
per
of $400,000 per annum
.
V .■ ,'.
■
further
stated
that while the new
mortgage will provide for
] the issuance of bonds up to a maximum of $10,000,000, it is not
presently proposed to issue more than $6,000,000,
.;v\V-f jVj
Of the $6,000,000 of new bonds to be initially Issued as of June 1,
1945, $2,300,000 will be serial maturities maturing $300,000 on June 1
in each of the years 1946 to
1950, inclusive, $400,000 on June 1 in
each of the years 1951 and 1952, and $3,700,000 will be due June 1,
1960,
retirable through a sinking fund at the rate of $400,000 on
June 1 in each of the years 1953 to 1955, inclusive, and $500,000 in
each of the years 1956 to I960, inclusive,
A % AA;^ "■
The indenture will provide that $4,000,000 of additional new bonds
may be issued under the indenture as follows:.
(a) $1,500,000 may be issued at any time, provided that the maturi¬
ties
thereof
shall not
be at a
more
rapid rate than those of the
f
Monday, April 16, 1945
1940 through 1943 as stated in the balance sheet, includes
approximately $15,000 applicable to the year ended Dec. 31, 1943.
The profit and loss statement for 1943 has not been adjusted to reflect
years
of
$1,318,286 in
—_
'■%
1944
and
—263,881,714 258,132,2
$1,296,094 in
1943.
tAfl
depreciation, amortization and depletion of $123 796 778
$111,130,543 in 1943.
f After U. S. Treasury notes (tax
serh
of $15,000,000 in 1944 and
$20,000,000 in 1943.—V. 161, p. 672,
1944 and
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
Volume 161
Sales
sales
Income
deductions
Net
>.
credit
for
income
Deprec. (prior years) disallowed lortax
income
Total
1
V
86,094
1547. '"
p.
'
•
<
-
1944
'
in
his
which sets
1
letter
forth
the
stockholders,
to
results
>
.
the companyls 1947
eliminated
the -mortgage
that
debt
road.owned
other
Now
and
consists of
all of
a
M
property.
Otis & Co. (Inc.); L. F. Rothschild & Co.;
Co.; A. C. Allyn & Co., Inc.; H. M. Byllesby
Co., Inc.;,Estabrook & Co.; Hallgarten & Co.; Paine,
Webber, Jackson & Curtis; Burr & Co., Inc.; Dick &
Merle-Smith; Ira Haupt & Co.; Hornblower & Weeks
and Hayden, Stone & Co.
,
"refunding
A
...
was
1
outstanding under this mortgage
•
the $42,000,000 of 30-year
are
Earnings
•■-♦The
benefit
share--—J
common
per
—————>——
assets
Other
—_-j;
assets
fixed
•Total
288,764
*
__;
•;
__
Liabilities—
Notes payable,
estate
Real
Accounts
•
.
banks
$32,559
credit-—-——_____'
of
letters
99,228
estate mortgages—
'•-r stock
$966,407
•J V.
;
elected
been
has
MacMillan
C.
-W.
■;
A.
payable
Interest
1975.
at the option of
redeemable
at
oil
j
the company as a
least 30 days'
prior to maturity on at
any time
proposed
certain released prop-'
plus interest in each case,
by the use,of
or
with $5,000,the sale to Niagara Hudson Powershares common stock (no par)
and
(estimated at $3,538,500)
to be ob¬
resources
of the company, are to be applied:
received
.
from, the
tained
the.
standing
cash
redemption,
bonds
and
the
the
of
of
cost
interest
of
18,
May
presently
the
out-;
3%%
the
date
to
about
or
on
first
mortgage bonds,
3%,%
series due
1964.
series due 1964 are; redeemable at 107%%,
$55,000,000
The
from
of additional
by other fupds
supplemented
maintenance
be
to
(parent),
of
redemption
thereof
redemption.
to the'
'
»
is
".
accrued
plus
$58,987,500,
;
.
:
,
..
; Summary of Earnings for Calendar Years
(Including Hudson Valley Power Corp., merged Feb. 16,
»
■■
■
~
Gas
work undertaken.
the
in
Taxes
V'
*
•
of $23,173,015. were
amount
-
12.77%
.
'
-
r
,
--
,*
end
the
of
1944
due
—4
—
less than the pre¬
,
compared with 2.93% ip 1939.
tonnage,
'
1,951,151
12,029,728
-1,657,957
1,658,224
"3,214,000
3,370,540
3,353,150
1,098,113
1,216,500
tax
2,700,000
^2,362,500,
-
taxes^r_c:tLi——
16,240,679
15,198,132
15,764,754
% '
11,500)
15,411,063^
$6,944,071
$7,602,399
*'$7,101,835-.
'
•
& surtax
Federal, excess prof,
Other
909,230-
2,012,029244,000
portion of call premium
applicable-
%' T.
•'•••'t
r
1942
-
2,973,000
Federal normal
A
Oil transported in 1944 amounted to 3,877,601 tons,
compared with 5,422,400 tons the preceding year, a decline of 28.48%.'
In.1944, however,-qil traffic still accounted jior 9.96% of total freight'
Brill,
1943
■
$32,086,080 $30,964,931 $30,651,679 $28,445,0(3-
Maintenance^
Depreciation
Shipments of oil over the road
ip part to revival of tanker
and express services.
—
Total
1945)
1941
——,L_ $26,598,814 $25,611,514 $25,445,337 $23,397,143
id—
5,487,266
5,353,417
.5,206,342
5,047,854
;V;Electric
.1944
revenues:
to
bonds
retired
401,000
transportation.
Tyson
K.
\
r.v..
previous peak
passenger, mail
declined toward
has been appointed Executive Vice-President,;
tuceeding Guy Graham. '• Other vice-presidents elected were W. H.
Shanahaja and John R. Moran.
R. L. Bosworth has been appointed
"'Secretary-Treasurer, E. F. Harrell, Assistant Secretary-Treasurer, and
H. L. Belk and E'. E. Clark, Assistant Secretaries.
Directors elected
were Dan Moran,
W. C. MacMillan, A. K. Tyson, V. A. Brill, John R.
resigned;
000
ceding, year.; Net Income was. $7,225,924, compared with $9,188,026 in*
1943, a decrease of 21.35%.
A slight reduction in freight' transpor¬
tation-compared with 1943 was more than-offset by all-time highs in
;■'■
President to succeed V. A.
will be
improvement fund,
$100,458,548 in 1944, an increase of $364,983
figure of $100,093,565 reached in 1943.
Oper¬
i'l '
V .;.
;
•
high of
new
a
the
nanee
Co.—New President, etc.— v "■/.,/•- .--v-,
Oil
Navarro
coupon
Purpose—Net proceeds (estimated $50,449,000), together
ating expenses, however, were 11.05%
higher, due to hig:her wages
and-increased prices .of material and supplies and additional mainte--
3,327,227
Dr966,407
$8,135,072.—
1943,
$8,183,149;
.
t':v-
t. ■■
.
15'
1944,
161, pp. 1430 and 1546.
iW--'.
!
depreciation:
deducting
* After
...
and
1,
erty, at the initial redemption price of 104,
Operating
peached
$19,535,623:
$18,415,391
—'
adoption
during the next few years to bring-the railroad up
required
over
—
__
and
ment
measures
the
means
March
1945; .due
1,
in "part
or
j New High in Operating Revenues—Nickel Plate's operating revenues
•
Total
■
war-induced. short¬
higher standards for equipment, tracks, signals and facilities.
Sub¬
expenditures for both maintenance and improvements will
desired standard.",,
8,250,000
4,159,524;
J————--———'---------.---;
public
2%%
by Morgan Stan- ;
stantial cash
150,362
fir966,407
stock
Treasury
services to the
improved
of
2 000,000
8,250,000
of
of 101.80.
101.027 for a
published notice, the initial redemption price being 105Vi', bonds will"
also be redeemable upon like notice, for purposes of the debt retire-,
towards
■'285,777
372,573
next,]
bid
a
of
Sept.
The bonds
f
whole
bonds
new
on
banking group led
registered bonds-are to be interchangeable.
rate
problems that will confront your railroad after the war.'
Among the objectives are freight and passenger services surpassing in
excellence those prevailing before the war.
Efficient operation of such
be
2,000,000
$58,000,000
for Equipment—Despite
its vigorous, prosecution
1,093,451:
230,167
'
—._
Reserve for self-ihsuranee
1—
'
SVi'/c preferred stock (par $10)—*
'
Common stock (660,000 shares,' no •par)———'
Earned surplus (restricted by purch. of treasury
interest
Corp.
42,335 '
1,738,743
—_____——
lower
"company expended for equipment in that period $20,713,732.-
The
and
„
a
10
price
a
investment
New
with the mapy.
2,320,247
—_
of
March
1
designed to help
win the war," said Mr. Davin, "your management has been preparing,,
through study, planning, and appropriate measures; to deal-effectively
.32,630
2,699,005
—
—
purchase
the
at
labor
v"AlQng, with
$3,000,000
•
mortgages—
liabilities
Accrued
Real
'
payable—™____—
Commercial
1941.
.
"—
—
for
4V2s
i
^-.$18,415,391 $19,535,623
-
[Bids
its
of
and materials, the road expended from treasury funds
than" $6,000,000 on
road improvements Since the beginning of
more
165,318
116,456
-
,
■>
refund
to
Spent
0041,008
of
ages
,581,681
i:
1
—
Total
the
at
expects
future.
near
", Over
39,416'
35,5817,196,196
—-
Deferred charges
charges
will bB received by the company on April 26,
241,039
,416,670
■
Goodwill
fixed
company,
the
in
234,451'
510,408
6,666,419
receivable "(net):.—____'—.—_____
Accounts
Inventories
The
$1 ,857,048
at .cost, plus accrued int..
securities,
Govt,
■U.,S.
$3,601,566
1-
annual
1943
as
1936 fixed charges-of $7,502,000,
completion of the refunding operations
April
naming
an
'
in
pany
26%.- Compared with
or
will be approximately $4,660,000."
1944
•
banks and on hand—
Cash-in
"has
$41,789,984,
bid,
from
1- at office of the trustee or agency of the com¬
York.
Coupon in denomination of $1,000 registerable
to priheipal
only, and iri fully -registered form in denomination
$1,000 and $5,000 and authorized multiples of $1,000.
Coupon and
March
debt, including
awarded
was
& Co.
Dated
a
-."Total
31
Dec,
Sheet,
Balance
Consolidated
Assets—
*
i
which *.were-sold at competitive bid--'
price,of 100.529 and $59,875,000 of 4% % bonds due in 1978.->
equipment obligations," Mr. Davin continued,
been
reduced to
$118,553,917," a net reduction since 1936 of
ding at
.
issue
competing
received
ley
refunding-mortgage 3%%• bonds
$3,327,227 $3,054,038
$0.44
•
- S0.54:
taxes actually payablerior 1944 are estimated at $700,000- after
of unused excess profits credits from prior years of $294,000.
$4,159,524
$1.58
Earned surplus at . end of year—
v
.
& Co.,
The
miles of.
1,659
Vz and accrued interest from March 1, 1945.
AsInc.; Glore, For-
&
he said, with
single
the company's
Co., Inc., on
Wertheim &
the ;
in
of another peak
"v- ■
■ '•.»
1950 maturities,
and
now
is a .first lien on
'
—
102
gan
period,
management for. the post-war
stated
iportgage which
157,414
-
155,663
//
Road's
Davin
$50,000,000 Bonds
headed by Halsey,
April 12, offered $50,000,000 first
—
group
sbciated in the offering are Blair & Co.,
the .objec-:
oi
one
Light Corp.
underwriting
mortgage 2%% bonds due in 1975. The bonds are priced
emphasized the road's strengthened financial structure
reestablished credit".
Two important financial- transactions in
result
the
56,815
-
■
78,703
73,703
____/___
W.
Power &
An
—,
Stuart &
-
Davin
its
and
$3,268,267
$3,405,930
inc. taxes, prior years—
dividends
293,770
4
John
services, is
and passenger
Nickel.Plate
the
for 1944,
in operations. ■
year
Mr.
;"
•
of
President
annual report
______
1
Common
161,
York, Chicago & St. Louis RR.—Annual Report
Improvement of freiglit
tives
2,476,248
"
$4,393,890
dividends
Preferred
$412,456
$351,892
3,054,038
...
purposes———
surplus
Addit. Fed.
,
'
$1,066,663
3,327,227
, /
//
v —.—
year
store and process
years)-——.—___
(prior
(taxes
director of the New' York Central RR. to fill the vacancy
a
the death of Leon Fraser.—V.
at
New
Cr35,696
chain
of
Adjust,
created by
290,000
-230,000
*700,000
income taxes-
adjustment
beginning of year
Earned surplus at
been elected
Offered
Vice-President, Law, New York Central System, has
Aronson.
.
___,—_
Provision for Federal
Depreciation
;
expenses
Jacob
.
$99,370,474 $91,795,090 889,951,516
89,128,716
98,088,928 91,135,352
77,846
120,644
50,580
-
~
and
Cost- of
1942
*
1943
1944
-
New York
New York Central RR.—New Director—
National Tea Co.- -Earnings—
Years Ended Dec. 31—
1659
,£ -Operating -incomeOther income
$6,722,137
__c
(fir)
14,504
7,4$5
15,447:
16,265
.
General Income Account for Calendar Years
•
.
Gross
-
t
income
$6,707,633
i™™
$6,936,616
$7,586,134
3,655,733
13,805,506
$7,086,388
3,979,987
'
t\"..
«
;
.
161, p. 672.
Henderson.—V:
and H.-D.
Moran
> •
,
'V'.,-. *'■'.*
••
.
iv*
At
Maine
of
members
?>
the
Was sold, Dec.
corporation,
L miftee;
to Omaha Electric
1944,
26,
H.
T.
ilent,
100,458,548 100,093,565
88,742,41^
amounting
-10,633,077
8,404,378
1943, and $4,156,207 for 1944.
13,381,879
6,984,222
10,597,044
1,682,470
1,608,605
1,567,299
i
f
A
379,000 cu.
)*
electric
*
kwh.,
-
month
the
por
output
2.04%
or
ft.,
cu.
of
or
March
ended
31,
1945,
the
45,723
51,946
2,306,142
1,726,286
60,618.755
54,585,405
39,839,793
45,508,061
23,173,015
26,564,020
46,470,511
42,271,902
22,827,546
16,666,778
18,944,040
19,444,356
Operating income
1
rents (net)—_________—.
Joint facility rents (net)———
*
Net
;
Other
income
income
Total
Dr532,879
Dr578,529
Interest
Net
>
of 57,211,959 kwh.
This is an increase of 1,144,462
above production of 56,067,497 kwh. for the corre¬
•
516,625
401,894
12,699,394
14,975,751
debt
on
187,043
equip.—
3,868
5,306,644
187,376
5,595,356
—
1,087,059
5,327
~j~-
3,532
•
5,830,455
9,188,026
8,690,571
—.—-
98,853
98,134
& other
_
..
7,225,924
balance
8,592,438
9,089,173
depreciation and retirement of $5,882,485 in
'•'Includes amortization,
'
\
1943
if.;
$3,192,952 in 1942.
1944, $4,909,687 in 1943 and
;" .V
v
'
'
'
A^SCtS
'•
'
1944
$
*
■'
investment In transportation
256,566,977 248.220,916
property—*—;
f
New England Power Association—Output Up 0.87%—
>
number of kilowatt-hours available for its
Mterritory for the week ended April 7, 1945, as 62,325,807, compared
with 61,,786,524 for the week ended April 8, 1944, an increase of 0.87-%.
Comparable figure for the week ended March 31, 1945, was 61,557,321,
a
decrease of 1.18% under the corresponding week of 1944—V. 161,
The
Association
reports
4,386,012
Unadjusted debits
-
1945—Month—1944
1945—2 Mos.—1944 '
$9,028,243
$8,428,282 $18,372,035 $17,089,206
Period End. Feb. 28—
v.-
Operating
revenues
_
rev._
revenues-
Operating
$9,014,595
Operating
Operating
6,619,474
expenses
taxes
Net
Net
161 p.
22,964
14,987
$8,418,751 $18,349,071 $17,074,219
5,761,986
12,922,941
11,580,996
V452,118
-v/-
1,405,658
2,145,659
2,979,151
$1,943,003
income
operating
income——
-V.
9,531
13,648
Uncollectible oper.
$1,251,107
$3,280,471
$2,514,072
744,223
1,617,762
.759,075
.
>
1,505,601
stock, series A——
fetock liability for conversion:
:
-,
Net
1945
income
l^Res.
; M
for
est.
Fed.
1944
1943
$573,805
$477,956
194?
$1,451,961
509,000
370,000
271,400
33.746,734
36,057,771
36,057,771
22,650
Common
2%%
taxes
$191,858
share-
com.
-
$203,805 '
$206,556
$0.79
$0.74
$0.80
6% cumulative preferred, series A_—--a—
200,724
200,724
Premium on 6% cumu'l. preferred stock, ser. A
119,111,917 122,678,691
Long-term debt _______
2.000,000
Loans and bills payable-—T——''
1,174,437
'Traffic and car-service balance (Cr)
7,408,054
2,976,633
Audited accounts and wages payable.--—_—
—
%
tax
liability—.—
liabilities—
current
1,382,536
93,378
35,216,409
income & surplus-
1,872,435
1.872.435
62,540,098
55,562,558
—
1
1
Total
2,773,596
38,815,640
—
—,
"Profit and loss_
25,740,267
—•*
liabilities
credits
debt retired through
Funded
•1,540.557
1.205,475
.-
1,445,263
22,267,517
accrued—1—
interest
Unmatured
1,224,500
$227,461
'•
$0.87
sAfter
1944
The
applying estimated post-war refund of $45,600 in 1945, $30,000
$19,200 in 1943.
tOn 259,120 shares.
.
*■
.-
and
for Federal income
three months ertded March 31, 1945,
provision
—'
—-
7%
upon
Revenue
estimates
Act;' the
made
at
provision
time.
that
for
The
the
1942
amount
of
upon
:
gar*
for"
T
.
•
tCommon .stock
"Stated
,
due
(no
( Giving Effect
March
Dec.
31,
1945
as
1944
of
Sideration
par)
1,
to'Present Financing)
1975_____
includes
Dec,
31,
the
of
2,504,729
"9,608,800
■___
*20,637,107
authorized.
1944
to
The
shares of
Niagara
capital
stock
amount
Hudson
of
outstanding
stock
common
Ppwer
Hudson
issued
Corn,
Fuel
Valley
con-'
Corp,
of. such
capital
stock
of
Hudson Valley
Fuel Corp. had
acquired by Niagara Hudson Power Corp. prior to Dec. 31, 1942.
"
/.As
%
soon
Stock
Proposed Changes in Stock
after the ihiie and sale
to
($100
the
pari,
and
issub
sell
proceeds
of
which
of
shares
240,000
to
are
been
:
practicable
as
proposes
a#
Feb.
in
All
company
>
14,463,900
1_"
192,105
entire
.
$50,000,000)
•
■
11,300,000
value.
of
be.
be'
$1,490,000.
preferred stoek- ($100 par)
preferred- stock-(no par)
$6
the
bonds, the
preferred
applied towards:;
of
be
new
redemption
of the outstanding shares of the 7% preferred stock
preferred stock.
Proceedings with respect thereto ars
presently pending before the New York P. S. Commission and before
and
of
the
the
SEC.
stock
$6
proposal
A
intended
is
to
authorize 300,000 shares of new preferred
presented to the annual meeing of the stock¬
to
be
holders to be held on April 19,
There
1945./
- -
with the Department
of State of New York on
certificate of change of 50,000 authorized but un¬
issued shares of $6 preferred stock (no par) into the same number of
March
will
of
1945
a
stock
common
of
bonds,
the
be
for
filed
was
16,
livery
issued
©f
cash.
to
or
before
additional
Niagara
Such
and
On
par).
50,000
sold
bonds
the
(no
such
and
$5,000,000. in
ceeds
$5,000;00p.
the
shares
Hudson
together
of
date
of
Power
the
with
de¬
stock:
common
Corp.
(parent)
the
net
pro¬
other funds
of the company/ is to be applied
company's presently outstanding $66,000,000 first mortgage bonds,. 33A% series due 1964.
towards the
„To
payment of the
Stated
Reduce
Hudson
Value
Public Service
of
cancelled
Corp.
Power
by the company.
Pursuant
to
Common—On April 10, 1945 Niagara
$20,550,000 advances then owed to it:
resolution adopted by the NeW York
a
under date of March 15, 1945, with Fespecl
the bonds, the increase in surplus resulting from.
has been credited on the company's books' to
special unearned surplus account to be used for adjustment of book
cost and depreciation of utility plant, no charges or credits td suchaccount
to
be
made
without
prior approval of the Public Service
the
Such
Commission,
issuance
of
cancellation
•Includes $13,196,000
The
5
'
resolution also
before
or
special
•
v
c
to
ment
to
resolution,
have
been
intends
SEC,
it
its
annual
Holders
Feb.
28
series
Railroad.
V.
161,
shares of this company's common stock by
in exchange the road's 4%
mortgage bonds,
2043, pursuant to offer by New York Central
At end of 1944 the number of shares outstanding was 192.—
of
all
were
B,
p.
•
due
571.
but
given
July
1,
119
stock
the
not
and
a,
to
are
to
the
of
reduce
to
June
thert
until
$7,500,000.
Commission
1,
stated
the
1945.
shall
Company
and of the
value
propofeal
A
by
1927,
the
is
held
was
the
to
organized
as
a
corpora-
consolidation
engaged
public.
on
presented !o the
April 19, 1945.
-
The
primarily
territory
of si?t con¬
in rendering
in which the
public electric or gas service, or both, is
Albany, Columbia, Essex, Fulton, Hamilton,
Montgomery, Oneida, Otsego, Rensselaer, Saratoga.
Schoharie,
company
26,
Company
counties
portions of
before
than
the
capital is intended to be
Business—Company
Oct.
service
gas
renders
the
or
continue
to
less
stockholders to be
corporations.
Schenectady,
of
on
the
York
New
and
contributions
amount
an
reduction of
meeting of
in
to
less than $65,000 to be credited to a special
acquisition of new utility plant or for retire¬
bonds of the company as provided in tho
monthly
Herkimer, Madison.
central
of
subject to the approval of
take appropriate action so
such
company
located
fqr
aside
set
will
in
electric
.
Harlem RR,—Exchange of Stock—
such
Organization
lion
not
used
common
authorize
$7,500,000
monthly from income before payment of dividends, begin¬
be
that,
credit such
and
account
of
acquisition
01*
$7,500,000
to be used for adjustment of book
utility plant, no charges or credits to the«
without
prior approval of the Commission, or
surplus
made
be
set aside
stituent
•
New York &
>
by at least
ning June L 1945,
reserve
provided that the company should either (1) on
reduce the stated value of its outstanding
1945,
depreciation
account
(2)
1,
unearned
and
cost
representing capital-stock in the hands of the
at date of merger, April 11, 1923.—■
June
stock
common
of
321,646,843 326,089,711
public contributed to the company
V. 161, p. 1547.
.
•
and excess profits taxes for the
1944 and 1943, is based upon the
period was based
such taxes de¬
pends upon earnings for the full year and, accordingly, can only be
approximated with respect to interim periods.—V. 161, p. 1546.
existing
immediately
series-bonds,
"
in
of
$3,784,800
Liability relating to Sacandaga Reservoir.
»
after
per
manufacture
1942,
on the long-term debt to
completion
of the financing
will
Commission. '
—_—_T——
'
"
Net inc.
fEarn.
the
for
$3,7.28,05:6
%
Capitalization Outstanding
(
22,650
1,450
resulting from
1S41,
_
:
inc.
& exc. profs.: taxes™
33,746,734
1;450
.——
cumulative preferred
6%
Unadjusted
$700,858
Ct.-'O. 3 Mos. End. Mar. 31—
i
Co.—Earnings—
;
stock
Common
Other
New York Air Brake
3,436,834
.
321,646',843 326,089,711
—
—
Deferred
MM
225,288
accounts
been reduced by npt .credits on
by-products
$3,230;204 for
approximately
to
Total
Accrued
1546.
4,858,220
-
388,469
—
—
expenses have
other
to
outstanding
4,537,441
5,098,262
Liabilities—
J f: New England Telephone & Telegraph Co.—Earnings
3,518,675
4,859,615
—
Deferred assets
mm'•.
1546.
p.
•34,013,236
——~
assets___
current
27,279,100
1,329,959
—————
Special deposits
Materia! and supplies
Other
30,524,668
18,492,883
Other investments
and
(c) The annual interest - requirements
shares
Comparative Condensed Balance Sheet, Dec. 31
''Z
I
the
7,225,924
—
applied to sinking
funds
Income
coke
14,711,934
i—162,958
—
—
reserve
f
reports
507,940
leased roads and
income
Income
:>
13,265,201
.1,193,925
13,222,981
900,740
11,290,714
_____——.—
—
income
for
Rent
.
Association
■Crib) Operating
9,
607,385
railway operating income
Dividend
*
reported as 621,531,000 cu. ft.., a
4.52%
below production of 650,ft. in the corresponding month a year ago.—V. 161, p. 1546.
$66,000 cu.
4,768,679 Dr5,100,310 Z)r5,688,496
Equipment
137,-
sponding month a year ago.
Gas output
for March, 1945, is
decrease of 29,435,000 cu.
ft., or
-
28,828,778 '25,543,714-
46,105
'
■
electric output
6.40% below production
ft. in the corresponding week a year ago.
8,761,000
of
87,815
Railway ta* accruals-—-—^
kwh.
This is an increase of 409,172 kwh., or 3.35%:
production of 12,222,947 kwh. for the corresponding week a
decrease
'
2,468,761
-
•
year ago.' •^.7:^"1 -V'.:V-z':•••••
Gas output for the April 6 week is reported at 128,616,000 cu. ft.,
■
^
t
the Association reports
138,324
J:
12,632,119
above
»
April 6,
.
30,757,446
.A-.-————.
operation
•——,
Transportation
Miscellaneous
.'
ended
week
the
t.
,
Mr*;.New England Gas & Electric Association—Output—
Notes—(af Net!ncome would have been approximately $464,000 anc^
f
870,739
"
.
-
4,003,827.
-
$900,000 less for-the yeaFS 1941 and 1942, respectively, except-for
Federal tax reductions resulting in those years from the cost of the*
retirement in'1939 of the company's then outstanding bonds.
1,040,243
- 101,890
161, p. 771.
por
314,379
-
314,897
1,135,553
Miscellaneous—passenger
Miscellaneous deductions
f>*.»
2,042,606"
.;
General
Glenn has been elected Treasurer, John W. Gates as
Assistant Treasurer and George C. Buchanan as Assistant Secretary.
,1>;of
3,391,892
"-•279,910
231,563
Traffic ir—-M—
Wilbur H.
I^'t—V.
<
"Maintenance, of .equipment—15,03Q,896
elected Vice-Presi-
General Sales Manager, has been
Stanley,
deductions;^*-;
J Net income ;-_4™__ $3,051,900 $3,131,U0 $3,606,147- $3,082,561,
304,531
,
Total operating expenses.—
Net operating revenue
,|orneys."
,,t' Other Nebraskans elected to the board were Emil E. Wolf, North
i j Bend banker; Dr. B. H. Baer of Ashland; and Reed O'Hanlon of Blair,
State Commander of the. American Legion. -VV;
.V
Also elected to the board were Ernest L. McLean and George H. Hunt
Of Augusta, Maine, both, of whom are lawyers.—V. 161, p. 770.
'
'
Jncome
of
.
''
4,661,218
-J '287,573
'
—
Total operating revenue's——,—
^Maintenance of way &"'structures—
5
in Personnel—
85,195,311
Mail
l
a
Nehi Corp.—Changes
v
94,975,099
% Miscellaneous—freight
Com-
non-profit corporation, chartered in Nebraska.
^
Residents of Omaha elected to the Nebraska Power Co. board were
E. Davidson,' who Is. President of
the company; T.-H. Maenner,-.'Insurance broker, currently serving as Chairman of. the board; Gerald,
Collins, gouth Omaha lawyer; Stale Senator Sidney J. Cullingham,
-j, real
estate broker; Gould Dietz, retired; Dennis Radford, Jr., State
agent for Lincoln National Life Insurance Co.; and W. C. Fraser,
W. Wenstrand, Bernard Stone and Edward F. Leary, Omaha at-.
Inc.,
1942
v
V- ^
93.920,984
Express-v--^----———
meeting of the'stockholders held on April 2, fifteen;
board of directors were elected.
The company, a
annual
the
»
1943
1944
$
%;•
Passenger—
i
Nebraska Power Co.—Elects Directors—•
-
V
.
%
Operating Revenues:;
_
and Washington in the eastern and
Electric and gas facilities
solely within the State of New York an<4
Warren
the State of New York.
located
THE COMMERCIAL & FINANCIAL CHRONICLE
1660
include
operations
Company
consumers.
serves
In
Corp.
was
yr'
1944
296,405
♦
After
all
charges and
SA
shares,
Period End. Mar. 31—
1
Amplification
ings
which the company may be a
consideration, may
assets, or other proceed¬
under
Hudson Power Corp., planned or
consolidations, mergers, transfers of
to
Purchasers—The
several amounts
to
be
Inc.
Almotcdt
1,250,000
Inc.
&
150,000
Brothers
200,000
roeder, Inc.
Atkinson, Jones & Co.
.—
Atwill
and
400,000
Nashville
Co.
1,750,000
500,000
Boettcher and Co
M.
Pacific
100,000
Paine,
Securities
City
150,000
Corp..
W. Clark & Co
E
Richard
W.
Co., Inc.
C. C. Codings &
J.
&
F.
wood
Co.,
& Co...
Dain
M.
Kendall, Inc.
Writer &
Christensen, Inc.—
Piper, Jaffray & Hop-
&
Inc.
Cooley
L.
Davis. Skaggs & Co...
Co
„
Dick & Merle-Smith...
R.
Dickson
S.
&
Co.,
duPont
L.
100,000
Clement
&
Co
A.
Schwabacher
Co., Inc.
Farwell,
Scott
100,000
Chapman
Ferris Exnicios
& Co.,
... Inc.
Field, Richards & Co.
First
First
of
Stern
400,000
1,750,000
...
Forgan
Graham,
&
Co..
Parsons
&
Brothers &
Inc.
Co.
500,000
Walter
250,000
Sutro
son
&
Thomas
200,000
Townsend,
300,000
750,000
Wachob-Bender
Inc.
Thomas
Ira
200,000
250.000
Watkins,
&
Co
Hornblower
Johnson,
&
Weeks.
Lane,
750,000
Morrow
150,000
100,000
Wertheim
100,000
Westheimer
100,000
Wheelock & Cummins,
Inc.
&
Hutchinson
Co,
Martin, Burns &
%
White,
Corbett, Inc.
Marx
&
Co
Mason-Hagan,
Inc
A.
E.
Masten
Co
&
1,750,000
100,000
Co
150,000
.
The
Inc.
F.
Metropolitan St. Louis
S.
Yantis
&
Inc.
200,000
150,000
....
Balance
Assets—Utility
Liabilities—$6
7%
(1,250,000
current
shares,
from
excess
profits
no
par).
of
deferred
Corp.
2,912,507
the
.-v.
•
i
of
(parent),
$20,550 000;
liabilities, $7,520,791; deferred credits, $1,850^480;
reserve
for depreciation of
utility plant, $24,614,060; other reserve,
$4,580; contributions in aid of construction, $845,349; earned
surplus.
$4,140,376; total, $156,740,172.—V. 161. p. 1430. 1547.
company's
for
a
other
been
to
Net
deferred
profits
earned
Over
of
the
of
tax
that
recognized
provide
of
such
and
the
possible
to
mechanical
arrange
companies
However* they
\oraer#
position
as
reasons
are
in
always
it
is
not
always
alphabetical
alphabetical
exact
as
near
times
last
bill
a
revenues
Uncollectible
oper.
...
for
credits
in
/• '
"if
debt
I
and
income
1942
rev.
27,747
31,643
67,029
'
68 442
-
Operating
Operating
revenues..
expenses
taxes
$23,152,803 $21,406,051 $48,150,740 $43 478 730
13,968,269
13,052,476
28,582,780
26'344'255
6,539,368
5,818,376
14,107,825
11 929 909
Net
—V.
operating
income
income
:
$2,645,166
$2,535,199
2,247,030
2,104,459
161, p. 1357.
$5,460,135
4,660,209
$5,204,566
22,669,051
403,319
318,959
337,744
26.870,334
18,709,349
39,949,152
14,428,721
30,952,799
14,648,882
22,331,307
13,160,985
25,520,430
16,303,917
7 757 019
2,479,710
2,479,710
paid
Road
balances
securities
had
a
market
■
'"jjj
assets
.......
stock,
Traffic
and
Audited
379 119
7,732,365
8,337,813
6,499,113
service
and
accounts
247,982,600 247,982 600
304,889,403 319i783!735
balance,
1,611,482
Unmatured
dividends
rents
Accrued
Other
tax
Deferred
'
liability.:.
current
income
25,943,534
24,908,875
_____
7,036,329
1,411,923
*
413 871
—
34%RQfi
86,765i769
385,595
34,301,740
...
265 558
23,829,764"
832,237
948,079,796
2,753,237
to
2,748,027
21,908,765
the
911,855
14,064,830
21,097,245
,
Dec.
1944
1943
V.
to
450
381
3,895,664
physical property
3,860,677
companies
6,534,298..,; 7,229,925
investments
Detroit
...
between
with
the
terminals
prosecution
at
Portland
of
the
Seattle
Paul,
Milwaukee
and
Chicago,
with
intermediate
grant Was obtained from the
Civil
Aeronautics
the extension of service between present
New
be
terminals
York.
the
Capitalization
y
u
,
Capital
' ,
stock
When
this
fourth
airline
(Giving
Effect
latter
service
rendering
a
is inaugurated
transcontinental
to
Present
Financing)
Authorized
;;
,
(no par).
'
Outstanding
*600,000 shs.
539 570 shs
company and Croil Hunter
dated Dee'
11, 1939, and extended for a further period of five
years from Feb
ft'
1944, grants to Mr. Hunter the option to purchase
10,000 shares of
the common stock.
None of his option
rights under this agreement
has
been
exercised, except that pursuant to
4An
agreement between
14,977,852
99,087,573
2,242,944
subscribed
6,261,064
4,373,502
1
693,457,269
666,650,772
4,257,653
connection
operates
-.service,--o; /,'
7,961,514
assets—
and
will
88.557,477
!
a
permitting
38,154,947
....
in
V".
Board
531,528,240
3,349,679
States
now
Minneapolis, St.
stops. Recently
r
538,384,480
3,707,375
___
United
company
company
31
Business—Company was incorporated in Minnesota
Company is engaged in air transportation with respect
and mail, and in the performance of contracts
property
war.
27,194,003
901,329
pfd.
and
1934.
persons,
with
property—
939^699
(Del.)—Weekly Output—
the shares.
865,752
4,123,548
Balance Sheet,
Co.
ance, 3,485 have been sold by the underwriters, accord¬
ing to an announcement by Auchincloss, Parker & Redpath, head of a banking group formed to underwrite
29,076,278
8,681,228
14,064,830
26,860 906
214,400,433 202,101,235
Northwest Airlines, Inc.—Common Stock Distributed
—Stockholders of the company subscribed for
174,705 of
the 178,190 shares of common stock which were
offered
them on a pro-rata basis at $23 per share.
The bal¬
29,942,030
General
1*371
40-? -mn
99,895il44
—....
Northern States Power
•
24,662,001
892,353
14,064,830
'
25,486'980
liabilities
—'i? M1.T 1847.
56,537,932
26,320,798
881,324
2 479 710
1*365
447 H73
surplus
Appropriated surplus
Profit and loss balance..—..
April 16,
V22,185,002^ 22,197,250
832
26,325;062
liabilities
Unearned
...;
—;
426 032
'777
2,479 710
i
accrued
5 312 936
405 770
declared
9 992 635
949|895
5,13oi306
payable
2 940 203
8!459|547
payable
wages
accounts
Cr
Interest matured unpaid
Unmatured interest accrued—
4,677,708
Unadjusted debits—
9,239^096
948,079,796 939,620,699
,.l.j 1
(Cr)
affiliated
469 467
5,435,036
—,——______
common—
car
Miscellaneous
bonds and
in
631
520 693
...
—...J/,
Capital
32,139,362
Deposits in lieu of mortgaged property sold
Total
.....
Long-term debt
63,638,982
-•
"
134 077
292 078
~~~
assets
Electric output of this company for the week ended
April 7, 1945;
45,51G,000 kwh., as compared with 39,157,000 kwh. for the
corresponding week last year, an increase of 16.2%.—V. 161, p. 1547.
46,096,494
assets——.
13 012 958
654
30 878
totaled
'
...
Investments
15 048 447
Liabilities-
1941
63,427,145
eouipment
5 092^228
16'276'360
—'320
receivable—
Total
■"
1942
49,198,218
dividends
5 817 377
17,330 929
receivable
dividends
Unadjusted debits
Account
1943
65,769,280
——
19,170,000
4[425[599
conductors.
supplies
and
$
5,732 359
from agents &
accounts
and
30,440,000
"
current
of
value
,
Income
funds—
Current
investments
receiv.
receivable
^
Other
—
,-
847,129,531 824,499,517
21,515,166
45,388,294
totaled
69,886,201
adjust,
1943
$
—
Deferred
1943,
76,173,018
deductions
and
■ y
Sheet, Dect 31
credits,
84,395,641
income.
Sinking
Banace
—
Unmatured
32,979,863
on
on
—
14,574/288
1944
History
Net
fixed
:
Other
Its
89,712,834
sources
paid
for
income
Interest
Gross income from all
Deferred
Net
31,271,758
Rents
159,599,035 150,164,921 139,600,164 120,176,914
oper.—
Net ry. oper.
Other income
Miscellaneous
Operating
40,352,471
avail,
Material
would
and
such
investments
from
■.
1944
2,746,272
27,383,263
512,930
Miscellaneous
fixed charges were earned
4
oper...
expenses.—
Assets—
1945—2 Mos
19 922 778
3,808,654
.
Net
making
also
51,675,032
Common
1945—Month—1944
27,463,104
3,929,015
Special deposits
been
relief.
and
excluding
*.
stock (4% )
$23,180,550 $21,437,694 $48,217,769 $43 547 172
36,423,456
4,005,143
Temporary cash
as
v
Operating
23,378,120
_____
Com¬
has
railroads
facilities
and,
10 years
1944
Condensed
Period End. Feb. 28—
income.
oper.
Cash
rental of equipment
Divs.
^ New York Telephone Co.—Earnings—
1 594 622
2,159,242
appropriations to the voluntary sinking fund
year
funded
& joint facilities
'
possible.
1,938,892
2,362,546
income—
The
NOTE—For
23,161,667
2.455,853
—
funds
reserve
necessary
the
to
their
post-war
15.48
the
investments; in
from
miscell.
16 168 915
31.791,484
2,176,119
Assets—
mainte¬
the
Federal, State and local
Int.
19,584,263
4 074 526
1,278,775
Investments
held by
were
from
rev.
5,193,166
General
fund
reserve
unfortunately,
but,
assistance
-
oper.
25 436 607
5,515,717
2,515,082
Dividends
of 13.39 times.
,,
42,081,454
13,404,070
6,086,372
rents—net Cr
ry.
Net
meet
contingencies,
for
reserve
declared
has
1944.
and
t.
59,395,710
21,517,854
6,070,871
-Charges'-——
charges _
unemployment in the post-war period.
debt
excess
in
end
rev.
48,360,122
22,704.988
taxes
taxes
Inc.
the public was $51,335,332 and repre¬
of outstanding capitalization.
With inclusion in income
retirement
.
125i450
Miscel. deduc. from inc.
■
l!095t501
rev.
Unadjusted credits
funded
charges
Total
(96,088
Power
3,390,804
'
as
has
material
taxes
and accrued
and
ICC,
rehabilitation
solution
23.99%
Total
$45,619;
$286,500;
shares, no par), $9,608,800;
outstanding, $14,463,900; common stock
$15,637,107; long-term debt, $57,504,729;
Hudson
the
Condensed
taxes,
The
war.
Senate
S.
Calendar Years—
($100 par)
Niagara
total
average
Net
stock
be
future
to
#2 ,409,000
$156,740,172.
preferred
preferred stock
advances
Federal
of
total,
for
1944
assets,
refund
debits, $19,672;
would
times
At
plant,
$145,460,745; investment and fund accounts,
$745,016; Cash, $4,723,297; U. S. Treasury savings
notes, $295,060;
notes receivable,
$99; accounts receivable (net), $2,180,088; accounts
receivable from affiliated
companies, $28,853; interest and dividends
receivable, $190; materials and supplies, $1,616,810;
prepayments (prin¬
cipally taxes), $1,333,223; other current and working
post-war
by
matter
U.
$2,503,000.
Sheet, Dec. 31.
the
purposes
Revenue
the
in
2 605 738
3,798,820
Total Income
taxes.
this
in
$4,810,000
for
Co.,
such
Internal
of
2,077^340
27 508 121
for inv.—Cr
Net
be
not
16366946
2,122,379
2,583,477
Railway cper. income
rents—net Cr__
critical
of
provided to
10 381 525
2,151,586
Equip,
the
85 346 327
40,092,276
2,956,965
Other
14,098.
The
150,000
100,000
for
authorized
been
contribute
an
Wurst, Dulles & Co.—
after
expenses
available
lack
be
must
s
expenses
Federal
profits
replacements could
1941
$
2,223,738
from railway
operations
bear
for
excess
1942
$
operations
Net
Financial—The capital stock of the company held by the public was
$162,643,900 and represented 76.01% of outstanding stock and bond
capitalization.
On Dec. 31,
1944, the company's stockholders num¬
100,000
Woodard-Elwood & Co.
Through
and
sums
provision
150,000
150,000
tear.
Substantial
adoption
13.21
Co..
&
and
wear
maintenance
standards.
introduced
fixed
Wood & Co.
greater
manpower,
assistance
of
Harold E.
accrued
and
Years
,1943
Transp.
are
unexpended profits and as such are subject to taxation.
As a
result, railroads have been unable to build up these vitally necessary
reservoirs
to
finance
future
requirements.
The
obvious
need
for
100,000
George H. Willis & Co.
150,000
income
and
missioner
100,000
—
100,000
taxes
Total
Federal
usual
has
sented
%%
securities.
which
of
Calendar
34,040,267
1,671,335
credits
will
for
General
and
Contingencies—The reserve fund for
principally for payment of future tax obli¬
$51,490,000 at the end of 1944.
This fund is
Government
for accrued
nance
150,000
White-Phillips
Co.
bonds
company
46,407,326
line.—__
credits
Appropriation of funds to be held
bered
Hattier &
Co..
Wm. J. Mericka &
Co.,
Inc.
Co.
100,000
Co...
&
Morris Mather
&
250,000
Sanford
150,000
&
Mason. Moran
S
150,000
100,000
as
&
Kalman &
Co., Inc...
Lyons & Co....
be
100,000
Weeden & Co., Inc
Weil
&
Arnold.
L.
will
&
100,000
250,000
W.
deferred
150,000
Co., Inc....
Johnston, Lemon & Co.
McMaster
these
100,000
Co.'
Space
&
to
well
Co.
Lerchen
These
years.
increased
by'the
purchase
155,978,310 151,531,732 119.310,557
way & struc.
22,804,484
19,007,449
14,988,084
equipment—
29,426,855
24,910,430
21,494,530
of
for
experiencing
Account
Fixed
subsequent
the
to
Miscell.
$41,580,000, payable in 1945.
Heavy traffic because of the war has continued, with railroad facili¬
ties
Wainwright &
Watling,
S.
made
150,000
Co.
300,000
U.
accounted
materials
&
Corp.
Co.
600,000
^
C.
for
$51,675,000,
were
200,000
Co.
Dabney
Washburn
Hill 3c Co.
H.
in
150,000
Haupt & Co....
Hayden, Stone &- Co..
Heller, Bruce & Co.
Hirsch
&
Tyson
;
..ii
invested
100,000
Co.,
under
due
was
Traffic
Taxes
aggregated
300,000
Hannahs, Ballin & Lee
Harley, Haydon & Co.,
W.
&
for
gations,
100,000
400,000
1,250,000
the sum of post-war
taxes
revenues
Transp.—rail
contingencies,
100,000
Co
Gregory & Son, Inc...
Hallgarfen & Co
E.
Co..
&
by $4,810,000,
Federal
refunding and improvement bonds at a cost
purchase and cancellation of $518 000
prior
the sinking fund provisions
of the prior lien
be
the
and
all-time
an
•'
of
Maint.
1943.
cannot
Fund
and
year
Blosser
&
Reserve
taxes
150,000
Stokes
Straus
Green, Ellis & Ander¬
account
credits
and
of hostilities
taxes
debt
the
full
•'
tion
100,000
Stix & Co—
&
interest
no
250,000
„
and
cper,
Maint.
Act of
Revenue
250,000
150,000
300,000
Co.
term
$10,515,000
bonds
Railway
negotiated, assigned or pledged until cessa¬
are not immediately available to the
xompany for dividends or for other purposes^
•••
Sterne, Agee & Leach
Stifel, Nicolaus & Co.,
Michigan
Corp.
i.
Deane
the
representing
William R. Staats Co.
200,000
Tax—The
Profits
other
S
increase of
each employee,
Excess
and
1944
an
150,000
100,000
Co
&
income
also
taxes, $6,070,871.
Federal
income
taxes
in¬
2.45% over the preceding year; railroad retire¬
or
or
The company has received U. S. Government bonds in amount of the
1942 post-war credit of $2,170,000 and eventually will receive bonds
Co.,
&
increase
to
100,000
Scribner ;
250,000
Cleveland
Corp.
Glore,
Simon
Singer.
100,000
_
The
6.28%, over
expenses
increased $5,317,000, or 6.30%.
deducting sinking and reserve funds and
the
at
for the years 1942 and
250,000
;
M.
4%
Other
1,750,000
100,000
Co.
Stringfellow.
Inc.
I.
&
Minton
Sills,
&
200,000
'
&
$9,434,000,
of such tax.
10%
$22,855,378,
state
mortgage.
rate applicable to each year was re¬
quired and the company's income statements for 1942 and 1943 re¬
flected the full tax liability.
But in 1944 the company was required
by the ICC to accrued excess profits tax at the net rate of 85.5%,
thereby establishing a post-war credit of $3,120,000 for the year and
100,000
Co
&
lien
of
refund of
200,000
....
long
$9,951,329,
Jt. facil.
150,000
Rothschild & Co.
F.
Russ
1,250,000
&
Evans
in
1944
of
corporation excess profits tax at 90%, which applied
to the years 1942 and 1943, with post-war refund of 10% of such tax.
In 1944, this tax was increased to 95%, with retention of the post-war
Robinson-
Humphrey Co.
■Co.
Estabrook
'
The
&
duction
Report—
the
Payment of tax
to
During the year
1944 long
term funded debt was decreased by
$11,033,000 and equipment obligations were decreased by
$3,861 332,
resulting in a total reduction in funded debt of $14,894,332. The re¬
300,000
Inc.
passenger miles
(passengers
above 1943,
the previous high
20.48%
amounted
unemployment insurance,
or
18.53%.
$761,353
100,000
Co
Reinholdt & Gardner.
400,000
I.
Annual
and
$425,781,
act,
in
increased
revenues
Credits—Federal
fixed
1942
100,000
Rauscher, Pierce &
Co., Inc.
1,000,000
Inc.
Francis
&
Railway—49th
$51,675,000,
to $2,314 for
were
Post-War
Co.,
.
Co.,
750,000
&
&
Ranson-Davidson
The
100,000
Dempsey
100,000
-
Putnam
Quail
150,000
150,000
Dallas Union Trust Co.
100,000
100,000
Inc.
250,000
Co
1,250,000
Peters,
200,000
Clarke
ment
$2,477,000, or 5.03%.
Taxes amounted
to $37 for each share
of common stock, to 32 cents per dollar of operating revenues, to 233%
of
balance of income after taxes and to 9%
of railway property
investment.
Federal
taxes, $46,007,000, representing 8.9.03 %
of all
tax accruals for the year, increased $2,314,000, or 5.30%.
Included in
this amount were accruals for normal tax and surtax,
$13,500,000;
excess profits tax, at the net 85,5% rate, $28,080,000; railroad retire¬
ment and unemployment insurance taxes, $3,528,000, and capital stock
tax, $876,000.
Patterson, Copeland &
3 50,000
Co.
$22,704,988,
creased
preferred
$3,120,000,
150,000
100,000
&
Vailey Plastics Corp., of
This new acquisition will be
Division," in the building
Plastics
decreased $12,000.
After deducting dividends on ad¬
stock, the balance remaining, $21,304,000, was
equivalent to $15.15 per share of common stock held by the public.
Taxes—Railway tax accruals, after excess profits tax credit of
&
150.000
B. Carroll
Connecticut
Income
operating
1,451,230,685
was
exceeding
1920,
the previous high year,
by $1,711,670
and
by $4,074,803, or 21.70%.
'
'
Railway tax accruals amounted to $28,775,859, divided Federal taxes
pur¬
Jenks, President, states:
justment
Jack¬
Curtis—
Co.
1,250,000
John
has
company
appropriations,
150,000
Co.
Park-Shaughnessy
Byllesby & Co.,
Western
&
totaled
which
revenue
1943
this
Sargent
Railway operating
Balance of income,
after
150,000
Webber,
and
Oak
at
Railway
1,750,000
Northwest
&
son
1,000,000
& Co..
Co.—_~—-
O'Gara
&
Otis
100,000
of
"Noma
1943.
100,000
Smith
200,000
assets
name,
mile)
one
Passenger
high,
that
announces
1944, the company again handled the largest volume of traffic in
history.
This was the result of continued demands of the war
its
&
Baudean
Nusloch,
fixed
the
traffic
Passenger
English
effort.
100,000
400,000
M.
Alfred
Bosworth, Chanute,
Loughridge & Co...
200,000
100,000
....
Newton & Co...
100,000
Braun, Monroe & Co.
Erush, Slocumo & Co.
Burr & Co., Inc
its';
arid
In
200.000
E.
the
of
under
Norfolk
Securities
...
all
W. J.
100,000
Newburger, Loeb & Co.
Newhard, Cook & Co.
100,000
Inc
&
Newburger & Hano—
100,000
William Blair & Co.__
$1,637,000
200,000
100,000
100,000
H.
150,000
100,000
Co
$2,239,000
year.
Sts., Holyoke, which property was pur¬
chased for cash by a wholly owned subsidiary of Noma.
Production
of the plant will be devoted entirely to the war effort.—V. 161, p. 1246.
400,000
100,000
Blair S: Co.,
located
Cabot—,—
Leary & Co..
&
£00,000
,
Moors
Tne Bankers Bond Co.
Bioren
Milwaukee Co
Mullaney, Ross & Co..
Murphoy, Favre & Co.
Eaum, Bernheimer Co.
$713,000
Holyoke, Mass., for a cash consideration.
300,000
—
Baker. Weks & Harden
Barrow,
chased
operated
100,000
Co
E. A lib & Co
A.
100,000
Minsch, Mcnel! & Co.
Moore, Leonard &
Lynch
200,000
"S~. *BleIch-
&
the stockholders states that company in 1944 handled a
volume of freight and passenger traffic than in any previous
A number of factors made it possible to hnadle this traffic—new
cars,
locomotives and facilities, the cooperation of those
served, and
the extra effort put forth by the company's officials
and employees
1945—3 Mos.—1944
Acquires Plastics Firm—
President,
666,650,772
1547
p.
Northern Pacific Ry.—Annual Report—
year.
100,000
693,457,269
161,
carried
Sadacca,
95,167,993
193,227,317 187,246,489
The report to
above figures include sales of the corporation
subsidiaries, but not those of its Canadian and
Henri
Co.
The
Ames, Emerich & Co,,
A.rnhold~
$838,000
surplus.
surplus
larger
companies.
Milhous, Martin &
McKnight, Inc.
E. W. & ft, C. Miller
$10,950,000
—
C. Allyn & Co.,
-V.
several principal purchasers and
the
of
Halsey, Stuart & Co.,
A.
party.
the
purchased by them, respectively, are as follows:
names
ISO.63
tBased
Note—The
domestic
300,092
221,532
36.2%—
1945—Month—1944
sales—
Net
subsidiaries of
corporate structures of certain
of the
involve
Niagara
—t$1.31
Increased
112,757,052
317,287
103,730,513
Total
high peak in the company's history.-
new
Sales
March
6,618
123,648,858
credits—
140,983
and reserve for renegotiation.
during the year.
IBased on
taxes
outstanding
shares
225,000
Earned
51,335,332
56,987,296
47,463
surplus
Appropriated
1943
$4,106,453
162,849,900
51,335,332
liabilities
Unearned
S $8,580,564
profit
Earnings per common share
on
58,506,599
Unadjusted
(& Subs.)—Earnings—
—
"Net
162,643,900
Deferred
Sales
merged into the company on Feb.
16, 1945.
Prior to that date Hudson Valley Fuel Corp. owned a gas
generating plant in Troy, N. Y., and sold to the company all of
the gas manufactured at that platn other than gas used in operating
the plant in the production of gas, coke and other by-products.
In
1944, the gas produced at the plant of Hudson Valley Fuel Corp.
(including gas used in
the operation of the plant)
amounted to
97.28% of the total gas produced by the company and Hudson Valley
Fuel
Valley
stock
Long-term debt——.
Current liabilities....
771.
P.
Calendar Years—
17.04%
were
Hudson
Liabilities-
Capital
1945—3 Mos.—1944
$6,766,201 $21,205,144 $18,787,563
$8,665,057
—
———
161,
Noma Electric Corp.
operating revenues were 82.96% and gas operating
of the company's total operating revenues.
electric
1944
revenues
Sales
—v.
about 790,000.
in which the company renders service is
rural territory,
1945—Month—1944
Period End. Mar. 31—
important of which
more
Newberry Co.—March Sales Up 28%—
(J. J.)
sales to residential, commercial, and industrial
widely diversified industries, among the
are the electrical equipment, steel and iron
(including locomotive manufacture), pulp and paper, cement, textile
and chemical industries.
The total population of the area, including
Its
Monday, April 16, 1945
the
rights
The
to
4,000
common
shares of
stockholders
common
on
Nov.
stock
in
thereunder
he
1944
30, 1943, authorized the board
directors to grant options to purchase not to
exceed 10 000 shares
common
stock to such officers and
employees in such'amounts
of
of
and
Volume
Number
161
yet been executed.
as
be
to
Underwriters—The
be
to
Merrill
•
Dain
Paul
■
„■
Co._
&
(2%%
McCormick
4
Paine,
Sept.
Hopwood
(par
29,
3V2%
Ser.
Corp.—Brings in Two Wells—
interest
three-fourths
a
and-
in
well,
one
half
a
Jan.
to
opportunity
for the auction.
still
date
the
Adrian
set
have
will conduct
their
up
revenues
Provision
fcr
for
Prov,
Uncollectible
oper.
Operating
Operating
Interest
and
Net
—_
taxes
$100,559
56,064
35,181
$212,914
income
interest
income
54,503
$16,644
income
V i- $9,314
revenues
Uncollectible oper, rev.
•28,583
18,817
Operating
3,415,856
expenses-
1,898,117
$910,683
$2,857,986
$3,299,462
1,866,923
1,866,923
781,375
income
Net
—V.
161,
First
2,386,000
Ripley & Co.,
Kuhn,
Securities
Drexel
&
Co
Dillon
Eastman,
Hutton
E.
Lee
844,000
Higginson
pon.
the
23/4%
bonds
mortgage
series of
awarded April 9 on a
was
and
Weld Si
White,
suance
dated
1945
bid of ICO.279 for a 2%%
and
organized July 5, 1930 by an agreement of
of Ohio
between
Pennsylvania-Ohio
was
laws
In September, 1944,
Pennsylvania Power Co.
Ohio acquired all of the common stock
zation).
and
its
rural
the
distribution and sale in 236 communities in Ohio, as well as in
and
areas,
in
the
sale
of
electric
energy
wholesale
at
to
Federal
stock
The contract
capacity up
firm
with
'capacity
to
kilowatts and
30 000
emergency
or
steam-electric
Castle
and
standby
plant.
proceeds of such
sale.
Management
at the Pennsylvania-Ohio State line,
mon
sto-k.
and
&
Control—Ohio
Southern
Under
the
Corp.
Edison
Co.
is
a
of
»
the
(Del.), which owns all of the com¬
to change the capitaliaztion of
distribute
to
now
its
pending before the SEC Commonwealth proposes to
preferred
and
common
stockholders
all of
the
com¬
Calendar
1941
$829,521
repairs-—
depreciation-
35,098
35,960
28,183
161,
p.
of
12.163
313.
1
Years Ended
Quarters Ended
Jan. 1, '44 Dec. 30, *44 4 Jan. 1,
'
' (J* .
•
1
'$V ' •'>' '
'
Dec. 30, '44
'44
share
U,486,COO tl6,488,000 (16,140,821
14,012,000
——
on
•
shares
and
interest
161,
1099.
p.
.
„
•
•
.
.
•
$4.30
$4.39
$1.19
$1.07
all
charges, including
reserves
•
:•
Sohulte
D.
has
been
elected
President,
succeeding
D.
A,
in the
Foreign
161, p. 672.
Penney Co.—March Sales Up 28%—
64,007
63,936
63,240
161, p.
87,464
84,530
80,856
'
38,481,193
119,486,935
99,634,169
1247.
Peoples Drug Stores, Inc.—March Sales—
v
1945—Month—1944
$2,901,040
Period End. Mar. 31—
$2,980,468
Sales
—V.
161,
1945—3 MOS.-J-1944
$8,378,907
$8,220,299
771.
P.
),
''
'
'
Peoples Gas Light & Coke Co.—New
62,851
than inc.)
$
$
—V.
1945—3 Mos.--1944
$
I $
1945—Month—1944
49,268,421
Sales
have
27,132
76.708
__________—
exc.
McCormick Blair, Henry T. M.
been
elected
directors
«
*'>>'
Directors-*-
Heald and James S. Knowlthe late Donald R. Mc¬
succeed
to
188,054
236.764
140,000
94,500
$272,204
$294,324
$365,558
$392,427
6,530
6,151
5,001
6,203
$278,734
income
cap.
$300,475
$3^0,559
$398,635
164,571
165,726
166,760
162,958
•
—J
$115,776
$135,904
$204,833
$231,875
share—
$0.95
$1.12
$1.68
$1.91
underwriters
the
Lennan,
V.
late
Robert F. Carr and Charles B. Goodspeed,
161, p. 1432.
,
Marquette Railway—Annual Report—
Pere
A
retired.—
plan
the
of
company
to
in operation two streamlined pas¬
put
trains on the Detroit-Lansing-Grand RaDids (Mich.) run was
announced by Pres. R. J. Bowman in his letter to stockholders. Jn the
28th annual report of the company, made public April 11.
The road
has
now
on
order, said Mr. Bowman, two Diespl; loco¬
senger
profits
Underwriters—Under
the
excess
175,903
__
per
adjustments,
Economic Administration.—V,
son
1942
income
Net
in
shares.
The initial
be made when the
outstanding
is to
the
of
less
closed.—V.
per
Arthur
Years
197,144
earnings
Earns,
not
Schulte, his father, who was elected Chairman of the board.
The
newly elected President for the past two years was
service
of
the U.
S. Government
as
an
executiye of the
motives
a
named
purchase contract dated March 30, 1945,
have severally agreed to purchase and
below
and
in
daily.
mented,
this
*
Commonwealth
for
Earnings
$874,981
...
Interest, etc. deducts..
amended plan
but
»
50.7%
or
,
(J. C.)
1943
(other
Total
surplus
Park & Tilford, Inc.—New President, Etc.—
sioned
<
1944.
Period End. Mar. 31—
213,735
inc. &
Net
over
subsidiary
—V.
.
$929,249
taxes
,
'Commonwealth
for
Prov.
Taxes
Fed.
&
in
Outstanding
250.045
Other income
Ohio,
Operation
daily
provided for con¬
tingencies and estimated provision for all Federal normal and excels
profits taxes.
(The year 1944 figure includes $1,745,000 representing
Paramount's direct and indirect net interest as a stockholder in the
combined undistributed earnings for the year of partially-owned nonconsolidated
subsidiaries.
The
previous
year's
earnings
included
$1,556,000 share of undistributed earnings of partially-owned nonconsolidated subsidiaries.
(These earnings are alter eliminating the
dividends
received
during
the
period
from
partially-owned nonconsolidated subsidiaries to the extent that such dividends represent
distribution of earnings reported as undistributed in previous quarters.
by
1944
Maint;
is
profit
*After
with
$896,872
Operating revenues
of
owned
underground
the
next winter's peak demands.
during the seven-month period
-
*Net
Earns,
66.53% of
accordance
months
summer
meet
'
William
Co.—A subsidiary of Ohio Edison Co., was or¬
ganized in Pennsylvania May 31, 1930.
Pennsylvania is engaged in the generation and purchase of electric
energy and its distribution and sale in 113 communities, as well as in
rural areas, and in the sale of electric energy at wholesale to four
municipalities, in western Pennsylvania.
Incident to its electric busi¬
ness
Pennsylvania,o subject to limitations due to the war, sells appli¬
ances. and cooperates with appliance dealers and retailers.
Pennsyl¬
vania's
transmission lines interconnect at a number of points with
these
; ■'
and
simplification
provisions of Utility
Holding
providing, among other things, for the divestment by
interest in the company and Federal is selling the
order to comply with that order.
Federal will receive the
of
Power
maximum
$777,798,
3,752,136- com.
in
to
Producing & Refining Co.—Acquisition—~
shares,
Period—
I
order
31
its
which a sub¬
stantial part of its electric energy requirements is received.
There is
also
an
e*vergency
interconnection with the transmission lines of
Duquesne Light Co. at a point south of Ellwood City,
*
an
the
Ohio
that deliveries
•
series due 1964—
Unlimited
$3,660,000
Common stock (par $10)—
125,000 shs.
12i,566shs.
Shareholders at a special meeting
held March 29, 1945, adopted
an
amendment to the articles of incorporation changing the author¬
ized shares from 100,000 shares of class A common stock
(no par)
to 125,000 shares of common stock (par $10), and converting each of
the
outstanding 40,522 shares of class A common stock
(no par)
into three shares of the newly authorized common stock
(par $10)
and transferring to capital surplus the amount of $1,940,238 repre¬
senting the resulting reduction in the stated capital applicable to
the
outstanding snares of common stock.
Pennsylvania operate
Pennsylvania
entered
March
on
Utilities Order
under
C
/ Paramount Pictures, Inc.—Earnings—
.
1st mtge. bonds 4%
extent of the
the
New
Offered—Otis
of the sale will be
Authorized
electric energy require¬
provides that Ohio shall provide Pennsylvania
in
offered 80,880 shares of
Capitalization
full present capacity of Pennsylvania's
The transmission systems of Ohio
in parallel so that electric energy can be
supplied either way.
Ohio's transmission lines interconnect with the
lines of a number cf other electric systems including those of Cleveland
Electric Illuminating Co., Ohio Power Co.. Ohio Public Service Co.,
Dayton Power and Light Co., and Marion-Reserve Power Co.
Ohio
also supplies steam heat in the business sections of Akron, Youngs¬
town and Springfield. Incident to its electric business Ohio, subject to
limitations due to the war, sells appliances and cooperates with ap¬
pliance dealers and retailers.
to
alphabetical
•
SEC
Utilities
War
in acquiring control of Stewart, plans to purchase
commitment,
Corp.
the
during
up
gas
wildcats
Panhandle,
Act,
of
in
entire
Pennsylvania Power Co., certain of the latter's
ments,
1943
of
Directive
company
common
integration
Company
ten
municipalities and four ether electric companies in Ohio.
For pur¬
poses of
operation, the territory served is divided into three geo¬
graphic divisions centering in (i) Akron, (ii) Youngstown and (iiii
Springfield, the first two divisions being interconnected.
Ohio sells
under contract at the Pennsylvania-Ohio State line to its subsidiary,
10,
Feb.
On
and purchase of electric energy
Office
Special
controlling
wells—all
always
(par value $10) at $15.25 per share.
The
Federal Water and Gas
Federal Water and Gas
■V.y..v''K
,
generation
the
in
engaged
is
.
alphabetical
Purpose—The shares offered, constituting approximately
the
issued
and outstanding stock of
the company, are
ol
has concluded negotiations to purchase, for $2,000,000,
interest in James Stewart & Co., Inc., a centuryold and world-wide construction and engineering company, it is dis¬
closed, in the annual report to stockholders.
The report also said the Stewart company has started extensive oil
drilling operations in Texas fields.
It completed four producing oil
in Ohio May 27, 1926 as Massillon Water
Service Co.
Present name adopted Feb. 6, 1928,
Company owns and operates five water systems furnishing treated
water for residential, commercial, industrial
and municipal purposes
and for fire protection to approximately 16,700 customers in Massillon,
Struthers, Washington Court House, Circleville, and Marysville, Ohio
having a total population estimated at approximately 70,000. Company
also owns and operates a system supplying untreated water to railroad
and industrial customers in the Mahoning Valley In and near Youngs¬
town, O., and at wholesale to one municipality.
It also owns and
operates an ice plant in Marysville and facilities for fishing and
boating on reservoirs supplying water to its Mahoning Valley System.
September, 1930, all of the assets of Mahoning County Light Co. (all
of the capital stock of which had been owned by Ohio since its organi¬
Ohiq
not
of
Panhandle
Company—Incorporated
Co.; Akron Steam Heating Co., and London Light & Power Co. There¬
after it acquired by purchase, in August.
1930, all of the assets of
Ohio River Edison Co. and Ohio River Transmission Co., and, as of
of
is
commencing
fund
Pipe Line Co.—Directive Issued—
Board's
specifies
Panhandle's
be
The
the
possible.
Corp. and no portion of the proceeds
received by Ohio Company.
cou¬
1.945
1.
the
under
it
sinking
prior to maturity.
issue
ground during the summer.—V. 161, p. 1547.
shares offered are being sold by
Light Co., Northern Ohio Power and Light Co., Ohio Edison
&
Power
as
stock
common
at 101 and
and Halsey, Stuart & Co., Inc.
100.18;
Co.,
April
Business--Company
consolidation
reasons
Ohio Water Service Co.—Common Stock
1C0.17.
are
mechanical
& Co. and associates on April 3
and are due April 1, 1975.
The is¬
and sale has been authorized by the P. U. Commission of Ohio.
Bonds
;;
the
of
9,000,000,000 cubic feet for the entire period.
This is estimated to be
approximately one-fifth of the quantity that gas utilities in the OhioNew York-Pennsylvania-West Virginia-Kentucky area will store under¬
337,000
337,000
255,000
""■
f
build
to
transaction
Two other bids, both naming a 2%%' coupon, were received at
competitive sale.
They were: Glore, Forgan & Co., Shields & Co.,
Associates,
|
to arrange companies
in exact
However, they are always as near
position
;'.
issue
844,000
Corp
semi-annual
a
50%
issuancce
supply
directive
shall
337,000
337,000
337,000
Wisconsin
the
is
storage
337,000
337,000
337,000
337,000
Co
Newhard, Cook & Co
The
1547.
161, p.
banking syndicate
Co., Inc., The First Boston Corp., Goldman, Sachs &
Co., Harriman Ripley & Co., Inc., Lehman Brothers and
Mellon Securities Corp. on April 8 offered $26,089,000
The
844,000
have
retire
Production
War
plained,
The
Stanley & Co. and including Blyth &
headed by Morgan
interest.
as
Securities
& Co.
844,000
Co.—
Deben¬
directing this company, to deliver to the Ohio Fuel Gas. Co., all
natural gas available in its system in excess of its customer require¬
ments.
The directive is effective April 1 through Oct. 31, 1945.
The purpose of the directive, Edward Falck, director of OWU, ex¬
$1,625,520
1,558,311
order.
first
& Co..
&
—
announced April 10 that
U-7,
$337,000
Co.
Hayden, Miller & Co.
McDonald & Co
Merrill, Turben & Co..
Maynard H. Murch &
Corp.. 2,386,000
Transport Co.
was
proceeds
Panhandle Eastern
re¬
are
Corp.
Brothers
Mellon
W.
the
underwritten
Folger, Nolan, Inc
Hawley, Shepard &
& Co.— 2,386,000
2,386,000
Loeb
Lehman
NOTE—For
Ohio Edison Co.—Bonds Offered—A
and
underwriter
will
will
which
the
The
$1,294,128
First of Michigan Corp.
2,386,000
,
—
possible
■
$1,432,539
bonds
new
Boston Corp. 2,386,000
Sachs & Co.. 2,386,000
1357.
p.
202,853
$1,760,498
principal
$6.67
1432.
p.
Privately—It
debentures
1953
$3,161,051
1,097,488
the
161,
to be derived from the sale of such debentures, at
least' $10,900,000
will be used to retire notes held by banks with
maturities ranging
up
to 1950, and the balance will be added to
working capital.—V. 161, p. 992.
v.-
Inc.
$1,795,990
1,676,452
$799,568
830,853
income-
oper.
The
in
Of
Equitable
—V.
Net
3,u76,178
Alex. Erown & Sons..—
The
$5,821,169 $12,716,362 $11,675,946
3,387,063
7,009,904 ' 6,798,759
1,634,538
3,910,468
3,251,667
$6,225,656
Operating taxes
3,076,178
302,853
152,761
each
21,332,442
20,918,125
$6.81
them for investment.
Blyth & Co., Inc.
1945—Month—1944
1945—2 Mos.—1944
$6,234,531
$5,828,736 $12,733,526 $11,690,404
&
8,875
7,561
17,164
14,458
Operating revenues-
$6,656,774
Morgan Stanley & Co.—$2,386,000
Telephone Co.—Earnings—
Bell
Ohio
$6,748,918
Cr36,069
of
21,678,000
20,302,813
$1.55
of $15,000,000 2%% sinking fund debentures
April 1, 1945, due April 1, 1965, have been placed
privately through The First Boston Corp.
The deben¬
tures were placed with certain institutions purchasing
3,172,000
—
108,623
of
5,042,169
4,921,875
$1.75
dated
5,517,600
Cr38,198
name
4,921,875
issue
an
2,377,858
1,490,900
366,038
amounts
principal
follows:
$30,074
$39,451
3,526
Purchasers—The
spective
24,463,442
3,131,000
American Petroleum &
Pan
tures Placed
premium
Goldman,
Period End. February—
—
1,608,771
;___
24,402,000
2,724,000
share
com.
announced
161, p. 1357.
Operating
660,000
2,449,212
3,025,276
Harriman
—V,
1,495,372
2,685,084
660,000
3,108,492
stock—_
5,786,304
744,135
...
.....
per
♦Estimated—V.
6,718,420
300,859
_
25,198,163
D/-734.721
$28,243,125 $25,256,403
Cr3,080
preferred
on
25,162,GOO
Dr760,000
income
Net
1942
.
6,013.508
Dr227,204
6,244,000
714,000
—
deductions
Dividends
construction—
to
(net)
income
Total
Interest
Earns.
1943
6,441,000
Drl97,000
5,530,000
income
at
1972
charges—
other
*1945—12 Mos.—1944
income
oper.
Other
Co.)
Edison
mortgage series L 3%> bonds
now be surrendered at the
Y., for
$
$
^
53,582,046 227,222,000 210,421,111
35,879,566 148,170,000 136,247,910
11,688,972
53,890,000
48,975,038
14,652,000
Net
require $28,045,675.
will
(Ohio
660,000
debt
discount,
and
charged
Dividends
110,870
61,437
;:
w
Taxes
by
1,520,596
2,708,112
(net):—
expense
Misc.
$202,381
118,960
$40,000,000
due
may
(& Subs.)—Earns.
38,111,000
1,394,727
Balance——
11,188
operating
Net
$106,254
58,612
30,998
revenues
debt
of
3,500
''"1945—3 Mos.—1944
expenses
$6,547,079
long-term
on
Amortiz.
Co...
&
& Telegraph Co.
Operating
247
rev._
expenses
Operating
if
123
Pacific Telephone
that
except
2,489,142
taxes—
income—
Gross
$202,628
257
inc.
temporary form,
—
8,638,687
amortization—
—
Fed.
1974, in
1,
59,204,000
1,781,849
2,811.864
for est. Fed. exc. profits taxes
Special chgs, equiv. to reduction in
Fed, inc. and excess profits taxes
Net
$213,171
due June
Period End. Mar. 31—
10,203,425
Prov.
1547.
$100,682
123
plant
est.
10,000
Electric Co.—Definitive Bonds—
revenues
Series of 1937
$30,605,349
depreciation—
Wood
E.
9,000
-
1547.
Operating
and
mortgage
interest,
____
taxes
General
1945—2 Mos.—1944
1945—Month—1944
$106,382
___
accrued
—______
for
Telephone Co.—Earnings—
Ohio Associated
Period End. Feb. 28—
of
—
—
Provision
Interest
Operating
exclusive
Boyce____
City Bank Farmers Trust Co., 22 William St., New York, N.
exchange for definitive bonds of that issue.—V. 161, p. 1547.
110,000 shs,
of
Maintenance
stock prior
the auction.—V. 161, p.
the
lirst mortgage bonds 3%%
revenues
Operation
The shares to be
take
to
an
Muller & Son
H.
SEC.
in
4,000
&
Blosser.....
&
Harold
4,500
:
$4,200,000
100,000 shs.
forth
4,500
3,000
Pierce & Co.,
Bros.
Straus
$
100,000 shs.
£00,000 shs.
set
Arnold, Inc..'
Inc.
Stein
Co.,
(no pari¬
indebtedness
of
&
&
Rauscher,
2,000
4,000
Pacific Gas &
j$6,368,000
) 1,825,000
*
_
as
Inc.
It is announced that first and refunding
Outstanding
19611
1961—j
par)..
except
Kirchofer
2,000
;
Moore
—v..161, p.
1944
31,
Dec.
1944
j,'./.-.V
1940.
2.
Claimants
•
of the
approval
of
Shares
Kendall, Inc
Co.—
&
Jones
Inc.
14,366,776
1944. '
Co.,
Power
Earnings for Years Ended Dec. 31
Gross
sold
.represent that portion of Ogden's common stock reserved for holders
of securities and claims against Utilities
Power & Light Corp. and
Utilities Elkhorn Coal Co., but remaining unclaimed under the plan
of reorganization of Utilities Power & Light approved by the court
the
forth
set
price
P.
;
(no
which,
;
■
lot.
has
1)
Co
T.
mortgage.
(Issuance au¬
U. Commission of Ohio
of
Dec. 29,
on
&
& MacGregor,
Berwyn
proceeds (estimated $26,044,681), together with treas¬
(estimated $2,000,994), will be used for the redemption of
$26,089,000
public auction
at 12:30 p. m.,
on April
18, appioximately 50,000 shares of common stock ($4 pari, in
parcels of 5,000 shares each, at not lesk than $3.75 per share, subject
to approval as to price by the SEC.
After noting the highest bid
for each
parcel of 5,000 shares, the corporation will then ofier the
auction
the
Authorized
——....
stock
funds
ury
Corporation announced April 10 that it will sell at
the Exchange Salesroom, 20 Vesey Street, New York,
The
shares
purchase
Patterson, Copeland &
Bonbright
B.
D.
Purpose—Net
It also owns
eight wells
107'/2,
entire
of
aggregate
i.
30,880
129,060
Pennsylvania is fixed at
the agreement of merger and consolidation,
outright
owns
Shares—
Ogden Corp.—To Sell 50,000 Common
•
in
order
Pennsylvania
stock, cumulative
authorized
the
in
interest
'
at
of
1936 due (Dec.
limited
♦Not
eighth interest in one well.—V. 161, p. 1547.
an
by
paid in advance
was
preferred
Common
Lloyd,
The company is now drilling four additional wells and
three producing oil wells and two producing gas wells.,
number
the
an
names,
3,500
Courts
Glover
2,000,000 shs.
forth
and
D.
Edward
' ''
—
set
as
Undesignated
has just brought in two more oil wells, according
Chairman of the board.
This brings the total to 15
oil and gas wells in which the company owns various interests.
The
two new wells are located in Montague County, Texas.
L.
respective
Co.
$18,000,000
!___
cf 1936 due (Dec. 1)
Ser. of
es
corporation
C.
except
Capitalization
4%
Nu-Enamel
The
$8)—
1952
Preferred
to
in
jointly,
not
Co
9,375,000
t
________
the Mortgage
by
Otis
500,000 shs.
$100)—
(par
&
George
&
of-$625,000—
preferred stock-
on
*
semi-
First Mortgage Bonds—
1431.
p.
but
Shares
Outstanding
j$30,962,000
{ 26,089,000
Feb. 26, 1945, which authorizes the issuance of $26,039,000 first
bonds.
tOn Sept. 29, 1944. Ohio borrowed $10,000,000 on
installment notes payable to banks.
The installment of $625,000 due
8
161,
their
and Gas Corp. has agreed to sell the
stock
(par $10)
to the respective under-
Water
common
$1,093,040.
mortgage
10
&
Paffray
Piper,
5
&
equal
in
cumulative
limited
5
Shields & Co.————-
15
Co.
Peabody & Co—__
Kidder,
of
writers,, severally
Authorized
(Sept. 1) 1974
t
(April 1) 1975—j
due
t
installments
Common
&
Jackson
Webber,
Federal
and
shares
80,880
dated
■Curtis
for,
pay
ap-'»
necessary
4
due
1945
2V4c/c
preferred
Premium
8%
4
due
1944
of
stock,
4.40%
thorized
Co
of
Series
annual
8
Northwest
received the
be made,
has
Bonds—•
First Mortgage
payable,
Preferred
Lynch, Pierce, Fen-
Pacific
8
Weeks—;—^
&
Hornblower
Kebbon,
—V.
Co
&
Davis
H.
Series
3%
Notes
& Beane___
7
Co.
&
ner
18%
——
Baker
L.
Debt:
■'Not
path
Alfred
J. M.
Funded
follows:
as
are
Auchincloss, Parker & Red-
plan
'
'v-,
■
all of the common stock of Penn¬
owns
opposite
entire net proceeds (estimated)
acquisition of additional equipment
.v
names
stock
unsubscribed
of
the
for
used
;/'■•••,.'.iv
■■
now
such
as
Capitalization of Ohio Edison Co., Giving Effect to This Financing
are
and
V'"''j'
of the underwriters and the percentages
purchased by each of them, respectively,
the
Purposes—Substantially
intended
facilities.
(which
and
provals and such distribution can lawfully
■
.
when
sylvania),
1944,
ments has
stock of Ohio
mon
such conditions as the board might deem advisable.
On Feb.
the board adopted a resolution authorizing the officers to
grant options to purchase various amounts of shares, now aggregating
4,800 shares, to certain officers and employees, and on Aug. 12, 1944,
the board adopted a resolution ratifying and confirming a proposed
form of "stock subscription and option agreement," adopted by the
officers for use in connection with said options.
None of said agree¬
upon
8,
1661
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
14
service
lightweight passenger cars which are to be commis¬
as two seven-car trains, affording three round trips
modern equipment and improved schedules,"
"will more adequately meet the needs for railroad
"The
area."
he com¬
sefvice in
,
freight and passenger^ traffic
high of $56,302,777 of oper¬
ating revenues^ an increase of $1,249,973, or 2.7%, over 1943.1 Net
income before railway tax accruals amounted to $10,176,875, falling
From
in
1944
its
record-breaking
Pere
Marquette
volumes
realized
a
of
new
1943 by $2,054,986, or 16.80ft, despite the fact
SI,447,542 under the accruals of the preceding
of the figures for
fihort
accruals
tax
were
4
the
in
1944
both
In
1943.
by $607,444, or 16.78ft, than that
income before tax accruals was
of $3,012,076 was less
income
Net
divided
same
net
1943
and
161, p.
v.
of the railroad.
'
r
■.
1548.
Higher
of
the
:
But
net
he
"This,"
continued
and
increase
remained substantially at
levels.
prewar
$1,360,000 Reduction in Interest Charges—Consistent with the policy
initiated by the board of directors in
1942, management continued
with
measures
for debt reduction during 1944.
By the end of the
of $12,067,665
of $562,333
year this debt reduction policy had effected a decrease
in first mortgage debt and a reduction in interest charges
on
basis.
annual
an
.
in debt
reduction
"This
and interest charges, coming
simultaneously
financing in railroad
history, made it possible for the road early in 1945 to sell an issue
of $50,000,000 of 35-year first mortgage bonds at an interest rate of
3%ft," Mr. Bowman asserted.
J
"The
proceeds, together with treasury cash, were applied to the
; i-edemption of all of the outstanding $52,467,335 of bonds, which bore
interest at rates of 4ft, 4'/ift and 5%.
The interest saving resulting
from this additional reduction in debt, combined with the substantial
cut
in
interest rate on
the remaining debt, brings annual interest
charges on all debt, including equipment obligations, down to approxi¬
mately $1,840,000, compared with more than $3,200,000 in 1941 before
with
the
of
one
began."
reduction program
the debt
for
voiced
confidence
the
over
-i
added to those already
territory served by the road, and the prospect
•prospects for the post-war period.
He said:
"With a growing number of new industries
firmly established in the
of
a
continuing proportional
.
of the road's
-/so-called
'overhead
business,' the post-war era, trafficwise, is not
viewed with pessimism.
In this connection it is interesting to recall
that following World War I your railroad carried more revenue tonmiles of freight in 1919 than in 1918 and more in 1920 than In 1919.
"It does not necessarily follow that this experience will be repeated,
but it is reasonable to assume that a great deal of the slack which
may result from the cessation of wartime manufacture will be taken
up
by the large-scale production of goods and materials to meet
pent-up civilian demands, rehabilitation and reconstruction requirements.
Because of the type of industry located in the treasury served
by Pere Marquette,'your directors believe that the future of your rail¬
road in the post-war era may be veiewed with justifiable confidence,"
growth
In
in
future
years
0f business moved by express has increased substantially recently, L.«0. Head, President, declared at the annual stockholders' meeting.;,,
Bonds—
2547.
p.
/
..
No.
our
Per
of
1944.
the
"With
7l/Q<£
»
tubes
of
PwwfoK
Uamble
traffic——
traffic-—
Transportation of mail__^—_
Transportation of express.
Freight
of 5ft preferred stock, series of Feb.
redemption on June 15, next, at 110 and
made at the company's office in the
Building, Sixth and Main Sts., Cincinnati, Ohio, or at The
Trust Co., 16 Wall St., New York, N. Y.—-V. 161, p. 1247.
Miscellaneous
of
Maint.
461,809
1,696,461
...
—
operating
Total
452,000
Bankers
and structures....
equipment...—.
way
Operating revenues
Power purchased
Gas
purchased
operation
depreciation
for
Prov.
9,453,289
8,828,874
870,864
836,109
825,163
20,089,510
18,423,801
15,388,007
Fed,
normal
176,513
1,924,811
123,907
109,653
Fed.
exc:
1,712,805
1,270,519
Traffic
Transportation
—-———
'
operations..-.--..
Miscellaneous
General
expenses.—:—....
—
Maintenance
10,222,245
of
Maintenance
SpederaTLx1sml
&
:
Net
operating
Railway
surtax_
profits
$15,855,061 $11,766,822
$13,083,005
revenue—
7,164,799
'
8,6^2,341
4,819,071
*
tax_^
$5,918,205
$7,242,720
Net
VDrl99,846
Cr43.372
765,548
1,039,786
715,844
railway operating income..
$5,010,307
$6,003,088
$6,275,279
99,275
786,444
56,802
79,133
722,343
8/Rnwn
Net
income!
3>ividend
Other
........
income
—
$6,782,232.
$5,896,026
for
for" fixed charges..
roads and
debt
on
"Earnings
$6,855,345
68,588
69,285
67,609
2,992,058
$938,617
(net)^__
income
$868,15B
'
I
16,076
$3,619,520
$3,569,066
j"'"
.
'
.
, ■
',
.
r,
2,551,927
.
■
$5.41
$5.30
$4.06/
C
Comparative General Balance Sheet, Dec. 31
/
1944
In
Gash
$
road, equipment,
in
.......—
transit
—
2,800,000
3,460,000
tax series B, 1947.——.
TT. 8. Treasury notes, tax series B, 1944...
TT. S. Treasury notes, %ft, series A, 1944
V. S. Treasury certificates, 1 'Aft, series C, 1947
;,U. S. Treasury notes,
Other
temporary cash
Bpecial deposits..
and
'
.
;
Operation
income
■
Other inc.
deducts., net
4,000,000
2,009,375
193
412
Balance
Int.
^
'' '*
and
In teres4
before
Bal.
tax
1,251,587
1,357,156
105,500
tax
1,104,889
Unadjusted debits——
Tot ai
r:
813,151
2,251,539
«;<v
held
by
Funded
.i._„
//'raffle
and
Audited
12,429,000
,
1,360
______
60,091,727
62,628,948
2,187,876
2,169,384
3,331,361
2,765,111
car-service
accounts
Miscellaneous
and
balances
wages
accounts
(Ur)_.
payable.———
payable
237,792
...
Interest matured unpaid
,
——
Unmatured interest accrued.:
.Unmatured
Accrued
Other
rents
tax
Earned
862,199
the
dividend
of
243,752
'211411
42,649,523
39.585B55
18,008,199
the
Netherlands
Npw
iNew
(Manufacturers Trust Co., New York, N. Y„ has been appointed
paying agent for the $50,000,000 first mortgage series D bonds due
p.
Ralph
of
R.
of
reduced
$2.50
rate
filed with FCC
was
Assistant
Beal,
America,
Inc.,
per
share
between
the
March 28,
on
with
value
outstanding
$10.22
p.
Dec.
March
31,
1944,
466.
1
at
share of
per
at
:
\
■;•-■
/
1944
1943
—
.•
$1,262,206;
income
109,124
-
684,235
$1,113,455
21,490
expenses
20,017
n„, fiqfi
income
m 470
S'lo?1
.^,423
S'Si
•
e*PenSCS
interest
15,750
—___
111,495
738,595
—q2qS
10o'??a
2,314
2,314
interest'eharaes
Amorti^UoTofS^
Qth
1 fiYed chlrees
funded debt
Apprepri^
' J
^9-694
$?25*2?S
^
—«
$?So'Zff'
240
400,000
—...
5,000
./V
1944
.
1943
.
.Total plant and other investments
$25,333,704 $25,544,813
Cash in banks
—..
1.000,126
1,130,521»
Special cash deposits________-__..____..„.^__
228,446
.130,662
Temporary
cash investments
350,000
z
Notes and accounts receivable..^
Materials and supplies
13, 1943, inaccordance
161. p. 1468.
Sept.
paid
!
-
Comparative Balance Sheet, Dec. 31
i-
350 000
1,012,753
279,992
800,736
335,124
N. S. Treasury bonds, at cost—
,war,.re " ° Federal exc. prof, tax
Total deferred charges
—
78,006
78,006
1,750
1,750
279,882
881,933
31,
and
1945,
$9.77
shares
was
at
of
to the
has
States
March
corporation's
which compares
31
1944
and
279,019
$28,564,659 $28,650,631
been
161,
/
*
in
V,
161
..
.
■
Charges
of RCA
Corp.
RCA Communications,
direction
New Life-
Z
■
n
Jotal tong^rm debt, etc
Armnnt/
nnvahla ~~
.£^^1
M
££
o74'aot
7.874,097
dedared""
"""
'
~
'feZ:
???'In
I02HI
nS^^lue""
/ Miscellaneous reserve
reserves..
Depreciation
President,
model
is
announced
designed
on
to
April
meet
3.
the
wartime
housing.—V.
161,
p.
1359.
I'oon'SS
'
SS'22«
o
8.224.097,
S o?SJ?'™?
Tel'lll
8,277,661
108,063
plant—208|233
7,749,03:2;
2,053,965
207,124'
300.000
1,96L222T
Contributions of telephone
Surplus reserved
_______—
Unappropriated surplus
Total ——
—v, 161, p. 1359.
:
113'.180
$28,564,659 $28,650,631
......
7
of
demand
for more
communication between victims of maritime disasters and
rescue
forces, Mr. Pannill said, and is far advanced over all previous
lifeboat radio equipment.
Its hand-driven power generator, Which replaces storage batteries, and its two-way radiotelegraph and radiotelephone facilities are combined in a single binnacle-shaped water-
proof
'
r>\c
Ruberoid Co.—Sales for Quarter—
-
operating over distances of 1,000 miles or more, new
equipment that automatically transmits SOS and radio
finder signals, has been developed by this corporation, Charles
new
stock"""
'
radio
Pannill,
ripht
1358.
p.
Corp. of America—Develops
boat Radio Outfit—
caPital
term
m' 127
Director of the Radio
elected- Vice-President of
on
lone
,
;
lifeboat
comUTstock/p/r'MSt St°Ck
Total
the
1945.-
Vice-President
of engineering.—V.
dependable
this
$10.72,
Total
Rates—
United
-
for nine years Research
and
in charge
The
Net 'asset
{
RCAC on Jan. 17,
new
Laboratories
J.
1548.
Petroleum Corp. of America—Asset Value Rises
stock
„
™
$5,470,669
*618.750
the plan for recapitalization.—V.
Virp-Prp^iHpnf
vice
inresiaeni
Capable
The
161,
•
.
$2'i9?!833 4234^52?'
operating
^f)ivhmnaS°on
$4,973,261
687,500
$456,629
paid
■
1980.—-V.
■
#
*
isorq.
.
1
- ;
4
1,259.786
14,552,099
551,106
.......
204,688,354 200,786,993
1,
National;
Commercial
requirement ot employees pension fund_____
rate per word between
20-cent
covering
Paying Agent—
March
.
1945. agreed to the adoption of a
the United States and the Netherlands.
Subsequently, again at the suggestion of FCC. RCA Communications submitted
an
informal proposal which extended the 20-cent
zone
to include
all of Western Europe, Col. Mitchell said.
A tariff
basic
1,123,047
surplus—
Total
t
oth
such payment having been made in
arrears,
Radiomarine
-
t
SSSd
935,142
»
i
...
provisions of
latter's suggestion.
7,135,377
494,637
;
surplus—.
the
Assets—
341,629
7,315i254
liabilities
credits
Appropriated
at
f°c!al security taxes
state and loc*l taxes
'
onLA^u\r,StS°u2t
311,953
liabilities
Unadjusted
185,828
785,551
357,088
accrued....^
liability.—
current
Deferred
12,429,000
...
company..
blade
45,046,000
11,200,000 1 11,200,000
unmatured...—
debt
\
$4,210,882
,
101,533
$377,830
^Exclusive
$4,038,119
RCA Communications, Inc.—Files New
45,046,000
prior preference stock...
Ijmulative preferred stock...
r
Htoek
be
Dividends on common stock
./
dividends
preference
order to reduce
t
—.J—
stock
{»;r cumulative
A.v
204,688,354 200,786,993
———
—
Liabilities—
0 mmon
Will
^ec*.era* exc®ss profits, less post-war refund—
T
$6,914,046
16,303
;z
z.;".
resulting
from
over"
of ex-
Prior
with
y
i'
Non.operatins
$6,330,555 >$6,897,743
2,292,436
2,686,860
$355,096
$377,830
inc.
Balance
456,364
2,414,833
assets
Deferred
.:
profits tax credit
23,208
42,151
388,978
assets...
been elected
PooHmntiAn
Rochester Telephone Corp.—Earnings—
Net
$6,443,912
113,357
"carry
cess
receivable
dividends
current
Partial
.Non-operating income...,--
Subs.)—Earnings
'
....
Fed.
of
193,486
special
saving
Reduction
4,162,427
receivable
Other
Tn/*
PederaftacoJSf
'■■■
•
$554,622
199,526
$571,316
amortisation
&
'
Rents
•
$557,300
2,678
$575,018
3,702
revenues—
oper.
Rrass
Ca,end„ Yearg_
1945—Month—1944~
1945—12 Mos—1944
$2,270,384 $26,851,506 $25,215,589
855,154 .10,402,357 v 9.738,775
146,679
1,687,453
1,809,976
126,887
1,567,795
1,479,792
452,545
322,908
3,804,531 . 2,480,946
268,923
261,454
2,945,455
2,792,052
taxes..
taxes
Net
1,197,828
1,381,825
;
...
Depreciation
,
„
formerly Director of Manufacture, has
Payment
•
'/
Service Corp.—Output—
1548.
p.
v.;:,
,
■ ■
$1,615,493/
■
Bank & Trust Co., corporate trustee, 46 Wall St., New York, N. Y.:—V. 161, p. 606.
'
2,923,105
$2,434,955
876,038
/ 129,485
132,943
■—./
revenues
Maintenance
5,128,653
agent & conductors
supplies
Operating
37,500
2,281,976
"
^..i.
receivable.—
accounts
neous
Material
.....
receivable from
Net balance
■Miscell
161,
1944
1945
$1,354,758
......
1,000,000
37,500
....
receivable...
bills
and.
Loans
3.9ft.—V.
/ /
r
5472,323 42,932,599 42,822,649
4530,079
Puget Sound Power & Light Co. (&
Other
1,484,975
investments
of
1
The corporation has called for redemption on May 15, next, $195,000
of first mortgage 3'/4% sinking fund bonds due Nov. 15, 1960, at 102'/2.'
■ interest.
output
increase
c
Sales Lower
-
h
F. Carpenter,
" and
companies served by this corporation for the
1945, totaled 192,365,000 kwh., as
compared with 185,197,000 kwh. for the corresponding week last year,
an
1535 and 1582.
severe copper & crass, inc.—Partial Keeamption—
of the operating
week ended April 7,
Electric
Federal
176,456,894 173,580,154
6,994,237
8,014,862
689,897
567,281
etc
treasury..—
in
$
"
Assets-—
Investment
Gash
1943
,
p.
/s
Reverp CoriTiPr Rr
$5,744,755
$5,484,527
411,910
1?^
Vice-President and AssWan. General Man^r.-Y. 161, p. 47.
87,592, V
.
$884,234
427,233
-
Period End. February—
$3,012,076
of
$5,526,000
owns:
now
.
$5,657,162
-104,677
($957,3ii
deducts..
other
&
-Ic'IST'ims:"""
3,218,670
debt-
—
it
Remington Arms Co., Inc.—Official Promoted—
jy.
AY 193.569
1,869,805
1,110,697
$5,379,849
18,695
i
income
Gross
Int.
687
share_r—...
per
92,327
2,722,821
funded
on
income—
$6,680(863
$5,804,171
equip.—
—
disc,
of
Amortiz.
Net
avail,
leased
Income
Pent
Interest
$6,947,672
101,369
91,854
income-
from
deductions
securities
Quarter Ended March 31—
Gr°:ss sales—
—V. 161, p. 314.
2,140,425
Public Utility Engineering &
Wiscell.
bonds
and associates
0tlftrfcpr Knd.ri M
593,260
Operating
the
(.opcifvind thp
proun
ana associates.
tion on next Apri' 1.—V. 161,
—'"—
■1
1
-
Income-™
oper.
Other
$6,947,751
Drl42,351
2,27!,099
1,085,396
5,&i8,680
lieu of Fed.
profits tax_.l
.
income..———.
Equipments rents, net__——_—
;xYoint facility rents, net (Dr)—i
award
Jersey Central collateral trust 4s, due 1951, will be called for redemp*-
•
Charges in
i,excess
accruals—
tax
won the
hid of IftO W «iith thp
prior lien 4'/4s.
*
Inc.—Earnings—
398,028
187,604
1,020,320
421,568 '
138,000
1,251,000
"
-
a
mortgage 4s; and $2,540,000 Philadelphia & Reading
1945—2 Mos.—1944
1945—12 Mcs.—1944
$5,610,605 ' $5,177,331 $31,028,642 $28,533,214
302,891
447,959
1,878,304 ; 2,579,651
306,067
270,718
1,444,495
1,402,965
1,490,666
1,320,646
8,515,823
7,529,885
257,739
207,061
1,693,612
1,353,920
504,057
456,838
2,941,383 , 2,695,135
Period End. February—
Other
$55,052,804 $44,311,307
6,122,269
8,647,832
9,935,830
$56,302,777
revenues
on
Funded debt of the Reading to be outstanding in the hands of the
public as of May 1, 1945, after giving effect to the present proposed
Public Service Co. of Indiana,
2,125,625
460,035
359,047
1,270,007
of
cnH:
«7d
financing, will total $108,121,164, of which $10,570,000 Reading Co.
1942
3,684,738
456,434
454,526
1,631,373
3,9-20,675
101
at
Gwynne
$49,771,833 $48,825,731 $40,096,595
Passenger
1QQS
general a"d refunding 3'/as, series C; $1,000,000 of Shamokin, Sunbury
& Lewlsburg firs:
.
1929, have been called for
Payment will be
1,
V
1943
1944
!___
1
dividends.
General Income Account for Calendar Years
Operating revenues:
17
following
•
btOCK—
of the outstanding shares
All
Hup Mav
Reading Company will use the net proceeds from the sale of the
bonds, together with treasury funds to the extent required, toward
the retirement of £81,249,700 of obligations.
These include: the
redemption of £74,272,700 general and refunding mortgage 4%s, series
A and B; payment of principal and. interest on $9,151,000 of Philadelphia & Reading RR. improvement mortgage 4s, due April 1, 1947;
and payment of principal and incciest on $826,000 Shamokin, Sunbury
& LewisburgRR. second mortgage 5s due July 1, 1945. All these/;
bonds are outstanding in the hands of the public, but remaining
securities of the three issues IteJU by Reading Co. are to be surrendered and cancelled. In addition, the company will also surrender
for
cancellation the
/
Pn
Pallc
CO.—Calls Pr^(Wrorl
Preferred
rsmihlp
Jtr
&
Procter
Halsey,
0f 100.635 for a 3!4% coupon was submitted by Morgan,
possible
high nickel content of types that it was not
a
^o4,000,000 Bonds Offered
SpHps D
oianiey oc
months
produce formerly."-—V, 161, p. 460.
to
us
f
Stanley & Co
-
for
22.14
tSl nnn onn
The underwriters
sion.
mill, we should be able to serve our oil country trade
effectively "after the war is over.
The new facility will enable
to manufacture long length alloy cracking still tubes and stainless
steel
27.02
April 1Z on a Dia OI 1UU.D» Wltn trie group specifying tne
coupon On the bonds. A competing bid naming a price
more
us
308.59
25.99
Cn
honds
aAm*m1
get from the new
-
$263.06
300.62
#
J/8 7c Donas, series U, due May 1, iy»5, at IUI.87%, SUDject to approval by the Interstate Commerce Commis-
we
six
vA*
Mar. 31/44
$243.15 :/,
270.92/ :
Feb. 28,'45
$258.85
_
■RCSUAlltig.Co.
But our sales patterns for the second quarter would
can reasonably look forward to a better performance
of this yfear than we had in the like period
'
'
increased production'of quality material that we should
that
first
the
was
Stuart & Co., Inc. and a large group of underwriters On
due to the loss of production occasioned by the replacing
seamless tube mill by a new automatic mill of xne most
3
gross
1582.
p.
April 13 offered $84,000,000 first and refunding mortgage
refl«"*t this
not
mav
161,
share
common
RAndinc
design.
modern
indicate
in
first quarter of 1945
the
for
1944
traffic
—v. 161, p. 1359.
th^ir annual meeting on April 10 elected Walter
J. Curley a director to succeed
the later Theodore W. Friend.
Mr.
Curley is President of the Pennsylvania-Conley Tank Car Co., VicePresident of General American Transportation Corp., and a director
of Pressed Steel Car Co., National Erie Co., and National Can Co.
Joseph. H. Carter, President, in addressing the meeting, said:
"The necessity for estimating taxes and making adjustments during
various months of 1944 prevented the quarterly reports from accurately
reflecting
a
comparison of one
quarter with another.
A study
eliminating non-operating items and re-allocating year-end adjustments indicated
that while the first six months showed a loss, the
last six months overcame this loss and resulted in a profit for the
Earnings
200,289,443
handled
Mar. 31,'45
,
Per preferred share
The stockholders.at
rising trend,
Express Agency
Per $100 bond—
York.—
Pittsburgh Steel Co.—New Director, Etc.—
year.
the
1944
The company reports market values of assets available for each class*
of its outstanding securities as follows:
/
.
in
up
the New
-
V
that
21,081,083 more than in 1943, while the
14.74ft.
Nearly three-quarters of this
or
were
Railway & Light Securities Co.—Asset Values—
1
office of the trustee,
at the
Peoples Pittsburgh Trust Co., Pittsburgh, or at the office of
exchange
agent,
Chemical Bank & Trust Co., New
160,
shipments,
'revenues
definitely allied to the war effort.—V.
York
V.
announced
He
bonds due 1964 are now being issued
certificates
temporary
for
exchange
the fact Of increasingly difficult operating conditions, the volume
-. jn
•
Definitive first mortgage 3'/2 ft
*
of
,
Bowman
Outlook—President
Post-War
periods
favorable
most
Express Traffic in 1944—
c^rat^ under
Pittsburgh Coke & Chemical Co.—Definitive
rates
tax
With these rates continuing unchanged during the
past year, even the peak volume of traffic did not enable the rail¬
roads to keep pace with advancing costs."
/
;
Plant—
remaining
V. 161, p. 314.
high explosives.
a *
Railway Express Agency, Inc.—Had Record Volume of i
;
■
4
™
with
the project should start immediately, DPC officials said, adding,the.
toluene
has
been ordered by army ordnance as an ingredient for
by the fact that wages and prices
were
at the highest levels in
"is explained
stated,
to
whereas freight and passenger rates
history,
.
,
$6,600,000
a
.
_
P1,ant. CoriM)^ation on March 28 authorizedI construction
"^^Borger, in The Texas will be
the plant Panhand^, for manu-
nftA
of
_
_
facturing toluene, used in explosives.
lease to Phillips Petroleum Co., title
fixed
and net income (income after
of a billion dollars
charges) by almost that amount.
one-quarter
,
,
about
declined
notwithstanding,
income,
operating
railway
Joseph V. Heffernan has been elected Vice-President and Genera?
Attorney. He had been appointed General Attorney on Jan. 2, 194$.—
V. 161, p. 1468.
•'••••>
.•
V.
.
...
v-".••
'
'
:
Wages and Prices—Mr. Bowman pointed out in
report that throughout the railroad industry net earnings have
not kept pace with increased service.
The. Class I railroads, he said,
collected gross revenues of almost nine and one-half billion dollars,
an
all-time peak and an increase of almost $400,000,000 over 1943.
Impact
Radio Corp. of America—New Vice-Pres.—
•
for
•
*
_T
Phillips Petroleum Co.—To Operate New
.
use
Output—
Monday, April 16, 1945
.
-
—
this company and its subsidiaries for the
week ended April 7, 1945, amounted to 127,254,000 kwh., an increase
of 856,000 kwh., or 0.7ft, over the corresponding week of last year.—
for the
going for taxes and 30ft
with 70ft
way,
-
1
■
■
■
i
■
output
electric
The
.
year.
■
Philadelphia Electric Co.—Weekly
_
*
of
m
i
l
that
FINANCIAL CHRONICLE
THE COMMERCIAL &
1662
Quarters Ended March „1
Gross sales
1945
$7,565,498
...
1944 „ „
$7,564,710-
The production rate of a year ago was maintained in the first threes
months of this vear despite manpower shortages and the shutting down
of some units for the installation of new machinery, it was stated.—
ov.
Vntt*
nn
Rotirpmoni
Plan
u
xveuieiuem x'idil
\ ,
The stockohlders on April 27 will vote on approving a contributory
retirement plan for the employees of this company.—V. 161, pp. 1248
and 1028.
Volume
* Rustless
Iron
Liabilities
Sears, Roebuck & Co.—March Sales Up 18.3%—
Corp.—Sells $5,000,000 Deben¬
Steel
&
Notes
'
sinking fund debentures due in 1960.
v.
V
.
<
1 ■' '
\
*.;;
■■ *
.Income Account for Calendar Years
v'■ ■;^:v * ■'1S»44
1943 ;]?: \
1942
colpe
Cost
of
*
- v
&
Omaha.
>' dross profit
Sell.,
$7,875,624 $10,664,007
1,309,087
1,232,104
sales
exp.'
on
adm.
&
gen.
:•••''
etc.
$11^269,613-. $8,630,436
•
977,415,
742,993.
U':*"
k % ,,,
150,000
35,208
20,073
for doubtful accts.
Pro v.
tions
of
Adjust,
of
owned
its
for.,
reserve
deficit
equiv.
net
-
Miscellaneous income
the
of
_—--
60,524
68,213
$6,747,474
158,694
deductions
for
adj.
depr.
of
-
$7,802,067
80,039
-•
R.
B.
lent
and purchase
Prov,
for
*Prov.
adj.
post-war
Fed.
for
Cr471,153
400,000
240,000
__j.
:—
.
-
5,387,400
7,915,000
6,912,000
4,757,000
"Net
$1,831,780
dividends
.
$2,236,492
$2,644,557
$2,334,627
91,289
91,2.90
694,919
694,906
91,290
694,655
91,2.90
555,728
$1,045,572
$1.88
profit
§1,450.296
$2.33
$1,858,611
•
$2.76
$1,687,609
$2.42
retirement
,
___
.
dividends
Common
■
Surplus
fearns.
per
share.
com.
V'lncludes
of
(after
post-war
stock in
Balance
;
tf.
Certificates
Customers'
Miscellaneous
(at
April
days from the-
15
of
profits tax
excess
class B
Emergency plant facilities
Fixed assets (net)
T
January
over
Application
been made to«the
has
active
has had an
the common stock
1944
June
this.year.
over
for
Account
Calendar
selling expenses—.
and
;
■■
deductions
v
$1.50
Net:
profit
:
Nete—Dividends
814,788,785 $20,047,385
Total
Assets—Cash, $340,487; riotes receivable;
C
payable
Accrued
(other than income)
taxes
$805,562
3% 'if
note payable
'
assets
stock
Common
Capital surplus
1,825,600
1,825,600
926,547
926,547
657,773
.7,451,539
657,773
_______
;
.
stock
in
treasury
$484,553
■:
,
Dr'29
.
$14,788,785 $20,047,385
r
1359.
161, p.
U.
(Including Domestic Subsidiaries)
736,852
126,011
administrative expenses
general &
Capital stock and miscellaneous taxes.
Net
1
profit
Other
<
v
$8,439,109
:
725,796
66,945
$7,436,612
551,408
625,040-
C___:——
income
1,150,144
495,602
1,269,271
994,512
476,566
242,828
1,744,961
____
$7,988,019
1,400,412
43,521
^Depreciation
$9,064,148
depletion, etc.___
before depreciation,
47,022
,
Depletion
Fed.
normal
Federal
income
State
for
of
Restoration
*
income
on
■*' Total
accrual
prior
years
to
transferred
in
$5,171,421
3,950,912
\
of
war
$490,061
•
Consolidated
U.
U.
Sheets,
Balance
Dec.
in banks____
and
hand
$6,755,030
—___.
1,100,000
2,700,000
anticipation notes (at cost)_________
S. Treasury certificates (at cost)_i_
S.
tax
(net)
receivable
Accounts
Total
______
4,087,909
34,506
capital assets, net_____—
•
8,714,546
___________—V 596,617
10,279,284
138,266
advances
•
——
605,485
Miscellaneous assets
Deferred
charges
Total
i
■;
.
$41,584,197 $40,930,801
,
'C'
Liabilities—
payable
$2,601,857
Accounts
Due to
subsidiary not consolidated
Wages
payable
Estimated
Accrued
Reserve
/
ity
Fed.
income
Reserve
Capital
Earned
for
and
excess
stock
2,351,294
289,753
profits.
310,161
800,000
19,754,565
14,675,618
378,216
^
____:
p.
669.
'
'
/
'
,
298,534
231,853
.
Period End. Mar. 31-^
♦—V,
1945—Month—1944
$2,505,849
161.
p.
J
672,213
500,198
1,105,184
58,855
38,469
~15~532
6.415
invest., etc.
at
Balance
470,000
1,737,000
60,000
3,283,000
110,000
Cash
$891,035
3,099,971
arising from
600,000
—
1469.
$1,578,261
—__________
$4,370,399
,
298,600
392,330
($1
dividends
per
Balance
Earnings per common <ehare__
58.77%—
Renegotiation
V
No
contract ship¬
settlement for
refund will be required for 1944.
for 1943, a refund agreement has
been signed with a Navy Department Price Adjustment Board.
After
taking into consideration the resulting reduction in taxes on income
(net), and the amount provided for renegotiation as of Dec. 31, >943,
net
profit previously reported for the year 1943 has been reduced
$116,708.
In the above, statements, the comparative figures for the
year 1943 are stated after the agreed refund.
1943,
it is believed that no
Balance
Sheet,
Dec.
1944
1
hand—
(less reserves)
...
cost or market,
Cash in bank and on
receivable
lower
is
ever
at average
'
ciation
advances, at cost—.
—
profits tax—- —
at cost,, less reserves for depre-
and
Prepaid pension
Total
—
which¬
portion of excess
assets,
amortization
to
Earnings Increase—
the
for
earnings
net
first
quarter
of
showed '%
G.. Simmons,
The increase
1945
satisfactory increase over the 1944 quarter,*' Grant
President, told stockholders at the annual meeting.
of 6.3%
in.net sales for the year 1944 over 1943 was
about evenly
" -
split between government and civilian business, he stated.
After V-E
Day,
Mr. Simmons said,
the company can
reconvert
the exception of the San Fran¬
production provided raw mate¬
fairly promptly all Its properties with
cisco plant and return to full civilian
rials are available.
■
1; ' {
company's dividend policy is conservative, Mr. Simmons said
to a stockholders' question, because the management deems
advisable to anticipate some of its funded debt, and also to keep
answer
the company in
Partial
The
$3,672,207
-5,311,610
7,256.447
3,453,538
3,473,690
—-—
contributions, insurance, etc._
2,226,649
'
,
on May 15, next, $490,500
and interest,
Payment will be
the City of New York, trustee,
Street, New York, N. Y.—V. 160, p. 2543.
Broad
11
*
has
called
for redemption
debentures due 1952 at TOl'/a
The Chase National Bank of
at
made
strong cash position.-
a
Redemption—
company
4%
of
Offered—Public
cumulative convertible
preferred stock (par $10), was made April 9 by First
Colony Corp. and Straus & Blosser.
The stock, which
was
priced at $10 per share, is being sold for the ac¬
Pattern
Simplicity
Co., Inc.—Stock
offering of 60,542 shares of 5V2%
and represents no new
of the company. The issue has
certain stockholders
of
financing on the part
been oversubscribed.
stock
be
will
Into shares of
convertible
common
stock
time to time.
Business—Company was organized in New York on Dec.
19
1927.
Company, itself or through subsidiaries, is engaged in the
business of manufacturing and selling paper patterns primarily for
women's and children's clothing, to retail merchants, as well as the
printing and publication of counter catalogues, fashion pamphlets and
other
printed material, illustrating and describing the patterns so
History and
Company manufactures all of the tissue paper
the making of the patterns, and almost all of its printing is done
company's own printing plant.
Two brands of patterns are
manufactured and sold by the company and its subsidiaries, to wit:
manufactured and sold.
used
in
the
at
"Simplicity," which retail at 15 cents and 25 cent^ each, and "Du
Barry," which retail at 10 cents and 15 cents each.
The principal
publications of
the companies are "Simplicity" and "Du
counter catalogues, fashion pamphlets called "Prevues." and a quar¬
Barry"
magazine called
monthly and contain
terly
"Modern Miss."
These publications are
illustrations of the fashions embodied
issued
in the
company's patterns.
company's patterns are
The
sold by most of the important
independent retail establishments in
depart-
the United States,
the following chain store and mail order organizations:
Montgomery Ward & Co., Sears, Roebuck and Co., S. H. Kress & Co.,
S. S. Kresge Co, and F. W. Woolworth Co.
>
as
well as by
Capitalization
,
Authorized
5>/2%
stock
Joseph
—
M.
selling
earned
->100,000 shs.
preferred stock was issued as
repi'esenting a capitalization of
surplus,
to
the holders
500,000
t800,000
and outstanding shares sold
Shapiro and James J. Shapiro, and 542
stockholders.
All of the
dividend
Outstanding
100.000 shs.
($10 par)
60,000 Issued
♦Includes
bv
pfd. stock
($1 par)_
conv.
cum.
Common
1943
$8,336,460
2,059,911
"
—-—
■(■Investments and
Refundable
end
very
other
31
Assets—
Accounts
our
renegotiation
to
reference
With
has introduced Signode's product^
large percentage of whom are likely
products after the war.'—V, 161, p. 1583.
customers, .a
ment stores and
provision has been made for renegotiation of war
ments made during 1944 as, on
the general basis of
t
shares of common stock.
of
users
Sales
1
'
Inventories,
1945—3 Mos.—1944
$4,731,985 $4,087,074
—
$2,357,052 and $2,422,692 in the respective years to The
Niles Rolling Mill Co., a partly owned subsidiary,
tlncluding repairs
and maintenance of $2,385,045 in
1944 and $2,410,730 in 1943.
______
,
$1.51
392,330
"Including
'
19,556,805
13,455,109
of year
end
at
$3,300,076
$1.97
($5 per sh.)
share)
$3,991,006
$3,679,469
preferred stock
dividends on
the 30,504 shares of preference
Preferred
Total
Common
while net income after taxes was $593,548, compared
1943.
The net income figure is equivalent to $19.45
stock and $3.48 per share
1943,
on
new
many
from
_—-—
of net profit.——.
beginning of year
share
count
453,000
$1,070,323
3,300,076
Pennsylvania
315,060
309,939
'
.
Schiff Co.—March Sales Up
Sales
'
1,129,543
Federal normal and surtax
;
—Federal excess profits (after deducting $193,00C and $364,000 in the respective years Tor
debt
retirement credit and post-war re-
Fixed
(The)
^7
499.033
taxes on income:
Appropriation for contingencies
wartime operations.
$41,584,197 $40,930,801
;
160,
1,362,589
" 2,385,802
244,985
S10)
—
$2,525,510
316,481
173,120
workmen's liabil-
life insurance & retire.
surplus
Total
.
contingencies—
(par
177,748
—
—
employees'
for
Capital surplus
—V.
'
_____.
insurance.
Reserve
-c
•
for injury claims and
______
——
^
—
retroactive wage increases
accruals
Other
estimated
for
177,749
r
and
of mlscell.
sale
on
the
to
Simmons Co.—Sales and
\'
,
'
587,832
______
-
119,714
6,318,368
12.556,005
Investments
—
administrative, and general expensesemployees' pension plan.—_
on notes payable.^
——
Provision
,
r
$35,563,407 $39,376,596
29,922,937
31,729.434
Contributions to
Loss
for
to
1943 '
,.
$35,335,389 $39,283,445
228,018
93,151
—^
for amort, of facilities over five years__
Balance
1943 7
109,016
4,968,046
13,031.239
Inventories
,
.
,•
v,
.
1944
Provision: for depreciation
interest
for
shipment in connection with the war
it
Calendar Years
and provision for re-
Total income
+Manufacturing costs
$4,126,287
2,660,000
3,436.931
__.
foreign subsidiary not consolidated—
notes and accounts receivable
•___
Due from
Other
for
-
Prov.
of more than 30% in output with a less than 10%'
and no substantial increase in equipment was
by the company, according to the annual report.
year are reported at $13,722,372,
compared with $10,-
1944
The
negotiation of war contracts in 1943
Dividends, interest and other income..——
Selling,
291,403
'
'
:
the company's post-war outlook, Mr. Leslie foresees no
reconversion problem, and he said further:
"The requirements
secure strapping of packages and of heavy uncrated material for1
in
outward freight,
discounts,
less
sales,
returns and allowances
.
31
1944
;
(Assets—
on
will
material liability
no
■
~
Cash
*
/Gross
/
$392,938 in 1944 and
transferred to .reserve
facilities,
deducting
tAfter
Account
-
$4,033,974
3,911,360
paid____
1943.
contingencies.
for
$4,033,974
surplus
amortization
♦Including
$257,576
—$5,153,355
for Federal taxes
:
f 18.066
year
over
in
dividends
Cash
and surtaxes
income
taxes.
income
Net
(less post-war refunds)
profits tax.
excess
that
772.
p.
'
.7
Corp.—Annual Report—
Income
'-.i,
Income
161,
therefrom.—V.
Sharon Steel
-
1944
1943
$49,369,908 $47,099,749
40,067,937
38,870,396
____
sales
of
believes
management
the
however,
Years Ended Dec. 31—
Selling,
been
$567,047
210,000
317,218
plant
and>-
for income
returns
not
$554,650
210,000
---
employees
$43 9,305- in
remain
for the years ended Dec. 31, 1942,
audited by the Treasury Department;
tax
have
1944
and
$47,263
Referring to
taxes
Federal
Note—The
1943
$669,118
102,070
*
$48,834
the 148,522
on
S.
result
Cost
?
-
and contingencies
(after deducting $1,200,000
Treasury Riotes—tax
savings'- series), $653,674; other taxes,
$67,227;vother accrued
liabilities, $7,876; common stock
rpar $1);'
$400,000;
capital surplus, $123,000; earned surplus, $650,414; total,
$2,110,133.
' ~ A
.
profits
excess
$663,266
108,616
—_—t
expansion
058.113
Lead Co.—Annual Report—
St. Joseph
Net sales
1944
provision
$55,827
3,564
$58,966
10,132
4—
1248,. '
p.
.in
$313,572; accounts receiva¬
.
$207,942;
7,101
'
dividends
in
with
total, $2,110,133.
payable,
7,983
Signode Steel Strapping Co.—Reports Earns. Increase
Sales
$1.21
for doubtful accounts of $22,076), $662,378;;
$164,654; accrued interest receivable, $7,900;
life insurance policies, $37,383;
post-war
$52,804;
Liabilities—Accounts
:
dividends
161,
An
profits tax (estimated), $394,909; fixed assets (after
depreciation of $3,665), $3,005; goodwill, $133,041; pre¬
paid expenses,
6,559,967
Dr48
.
Total
4-V.
640,000
:!
Earned surplus
Common
407,494
$662,017
305
(net)
income
Increase
excess
for
reserves
640,000
$1
(par
refunds of
$655,283
444
s
income *
;
Crl43,880
of
value
13,938
$55,522
13,974
*
income
deductions
Common
reserve
inventory,
surrender
cash
279,425
:
■
stock__-___-
preferred
$2.50
merchandise
1.350,000
to bank.i.
.
post-war adjustments of inventories
for
other
and
——
(after
ble—trade
150,000
sinking fund debentures
2Va %
839,910
5,560,522
(Current»
sinking fuhd debentures
yVt'/t
roll, etc.
pay
profits taxes
excess
$1,129,600
1,100,122
1)102,266
—
Reserve for Federal inc. and
Reserve
31,
Dec.
.Sheet,
Balance
:
/"Liabilities—
Accounts
250,893
268.721
H1.947
167,162
112.500
168,063
$58,521
accruals.
income
Other
Preferred
$244,813.
totaled
in "1944
paid
19,980
oper.
acheived
-
17,370
res.
Utility
1,490,000
Crl78,000
profits-tax
181,146
253,586
275,800
13,532
-
$2,559,949
931,280
'
*137,927
38,720
1,847,000
refunds of excess-
7,009
20.983
23,000
profits tax_
excess
$1,869,393
(estimated)
contingencies
23,300
21,420
&
V Gross
and
taxes
surtax.
taxes
Income
1,900,499
- 445,027
-
$600,484
profits
excess
$2,720,398
1,074,018
"■■,
9,401
i—
&
—__T_'
normal
Retire,
$4,205,518
$2,293,080
23,596
;
income
Post-war
65,104
1945—12 Mos.—1944
1945—Month—1944
$230,029
$216 970
81,909
76.536
revenues ,^-.
Fed.
$1,859,992
Earnings per share__—_—
i
$3,473,690
1943
-
19,922
profit
for
$3,453,538
—;
716,100
1901.
Fed.
—V.
Other
96,502
69,813
insur. deposits
...
160, p.
General
per
j
_■
compensation
and
Maintenance
$2,273,158
income
Total
1,956,666
96,502
86,427
28,343
company
ore
Period End. February—
7
$6,462,095
3,525,554
663,383
exp.
Operating profit
Other
1,956,666
716,100
—
Sierra Pacific Power Co.—Earnings—
'
1944
■••■
sales and advertising and publicity
admin,
$569,500
stock
associated
Operation
York Curb
New
Years
(net)
Cost of
subsidiary—
common
to
Operating
the
7
■■■
;7-7'-:
Sales
Total
,
listing
Exchange* and
7. of
Dec.31,'43
Mill Co., a
—_—$569,500
—
invests,
—V.
the
for
4,846,047
2
18,711
267,068
___________
__
January were excel¬
1944
of 27%.:
shampoo in
sales
of
279,425
,____
»__
___
value!
tonic and
Prov.
Prepaid expenses and deferred charges
(nominal
Others
Misc.
follows:
as
4,228,964
896,000
176,310
56,658
407,494
wholly-owned subs, not consol.
Investments in
substance
\
.
"IDec.31,'44
>
•
the
Income
:>'■
640,000
2,464,653
62,149
.
years.
,1
of tThe Niles Rolling
owned
Advances
4,846,115
2
___
respective
Pittsburgh. Steel. Co.—52,080 shs. of com. stk.
.
however,
v
$6,269,10P.
.
receivable
accounts
refund
Patents
than
Net
640,000
1,911,647
65,942
3,494,985
852,000
costi.
(net)..
receivable
in
4,923,522
3,300,076
Capital stocks of associated companies:
Mullins Manufacturing Corp.—177,500 shs. of
preferred
of the stock.
Subject to the approval of
the
Curb
to the effectiveness of registration under
the
Securities Exchange Act of 1934, it is expected
that the stock
will be listed on that Exchange and that trading will begin about,
1943
$2,412,891
—
—
Indebtedness
of
accounts
Inventories
Post-war
partly
share, one share of the under-'
stock by them respec¬
a
»
1944
*
Li
Cash
S.
Sheet, Dec. 31
-
said
increase
an
market.
Exchange
General
•Assets—
hair
both
in
orders
counter
refund and debt
credit of $485,000t in 1944; $6,510,000 (after debt retirement credit of
$724.000) in 1943; $7,480,000 (after debt retirement credit of $320,000):
in 1942, and $4,178,000 in 1941, for excess profits taxes.
$4,370,000
the
tlnclUdes:;
Capital stock
has been unable to step up production to
production of hair tonic, our more profitable
Item, and orders in January for hair tonic exceeded shipments byapproximately $300,000.
The same.... condition held true- in February,
with orders running substantially ahead of shipments.
LSlnce, the public offering of 101,300 shares of this company's com¬
mon
Preferred
at $25.75
of 6%
share
President,
showed
company,
equal
&
inc.
taxes__
profits
.-excess
each
for
Semler,
and
The
-
for pr. years
value)-—
5,972,000
3,974,530
$24,729,243 $22,913,577
in
000
reserved the right,1 and intends to offer 30,000
shares of the underwritten stock to preferred
record on or alter the registration date, the right to
of
5,972,000
3,974,530
4,923,522
3,679,469
♦After deducting U. S. Treasury tax notes of $1,940,000 and $4,000,-
.
ha3
(R. B.) Semler, Inc.—Annual Report—
*
and rep.
jear,
;
$26.25, for the reduction of obliga-1
and other corporate purposes^
held, to be exercised within not more
registration 'date.—V. 161," p. 1248.
tively
64,624
$9,556,182 $10,360,411
167,689
332,007
.124,610
__
income
Income
Credit
one
at
50,000
stock
Shipments
"Tctll
stock
effective
..
78,962
87.401
profit
par
will apply the'net proceeds to the retirement of 30,000
preferred
company
Stockholders
.
•
-
without
925,000
shs.
—
sUrplus
—______
surplus accumulated since Mar. 1, 1936
Earned
_
to
stk.
Com.
Capital
wholly-
sub.,
—
(59,720
:
'
$7,737,443
.
value
(392,331 shs.
par
...,
.
,
maturing within
The
.
subscribe lor
'
...
-G&.
of
shares
.
$9,396,695 $10,292,198
$6,535,464
opers.
*
company
written
Net profit from
etc
stock
preferred
cumulative
without
Boettcher
includes:
group
1,989,689
1,600,000
925,000
Total
The
shares
Special compens., empl., %/•'
1,038,735
1
contingencies,
for
Reserves
Co., Sullivan & Co. of Denver, Lawrence Brinker &
198,735
74,650
and
income
on
incl.—
1949,
to
Serial
Co., Burns, Potter & Co., Inc., and The National Co. of
16,994,940
20,847,275
The distributing
share.
per
•
•
taxes
768,044
«
notes
1946
.
of
estimated
for
$787,331
202,040
74,650
from
"
/'
y1
by
Co.
881,080
1,053,217
—
renegotiation of war contracts—_______
payable to banks, maturing from
for
2f,r
Cruttenden & Co., Chicago, and the First
Lincoln, Neb., on April 11 offered 50,000
shares ($25 par) 5% cumulative preferred stock at $25.75
$32,116,889 $25,625,376
so.d.____" 20,399.130:.22,332.887
goods
',
'
Securities Acceptance Corp.—Stock Offered—A group
Trust
:
employees for bonds and taxes.
Preferred dividend payable Jan. 1 next__^_.
Withheld
'
161, p. 1028.
headed
;
1941
»' 1 *'
•„
$28,274,754 $32,996,894
allowances
&
returns
A''
]ncc
78,623,881 162,903,119 138,769,134
93,001,786
" $400,000
-
Accrued liabilities
♦Reserves
•• ;♦
•.
'•
,r
,
Sales
Reserves—
and
to banks
payable—trade—
payable
Accounts
$
$
3
$
—V.
1945—2 Mos.—1944
1945—Month—1944
Period End. Mar. 31—
of the com-,
pany was called for redemption on Feb. 28, 1945 at $52.50
a
share plus accrued dividends. ' In order to replace
working capital used for the retirement of the preferred
stock and the former issue of debentures, and to provide
for future capital needs, the company has made arrange-,
ments for the sale of a new issue of $5,000,000 of 3V2%
Privately—All of the preferred stock
tures
1663
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
Number
161
to underwriters
shares sold by
^
.
at Feb. 15, 1945, as a stock
nearly all of the company's
of record as at Feb. 5,
1945, of the
of common stock, in the ratio of one share
preferred stock for each five shares of common stock. ( The
dividend was paid in this manner to enable the stockholders to benefit
from the earnings of
the company without reducing the company's
500,000 outstanding shares
227,839
40,750
4,988,346
6,055,441
291,539
of
such
188.393
working capital.
$24,729,243 $22,913,577
(Includes
any,
151,355
•
shares
reserved
for issuance upon
•
conversion, if
of the preferred stock.
Underwriters—The
names
of
the
principal
underwriters and tha
THE COMMERCIAL & FINANCIAL CHRONICLE
1664
shares
of
number
of
preferred
each has agreed to
stock which
chase, are as follows:
First
50,542 shs.
Consolidated
*'
v.
Colony Corp
Income
Statement,
Years
Ending
sales
of
Cost
Selling,
sold
-
—
other
taxes.™
140,928
97,578
118,271
accounts receiv..
than
Cr5,039
8,462
income
to
we
support
and
restore
by the
given
foreign trade.
favorable, we shall be prepared
operations promptly in the world
are
foreign
our
Government to Amer¬
States
Oil
Operating
profit
8611,996
—™
operates
throughout
Total
U.
S.
income
income
U. S.
$660,409
into its
re-entry
former
Consolidated
markets
Income
is
4,511
taxes
65,000
84,100
....—___
income
1
taxes
refund
of
410,000
71,700
—
460,000
46,100
profits
excess
'
and
Total
Crude
profit
Years
Ended
Loss
sale of
on
products
profit
for
year
$260,026
$181,489
Deprec.,
services
Int.
——
admin,
and
of intang.
leases
•For prior years U. S.
back of
1944
losses of
tDividend
declared
payable Feb.
income and
15,
Dec.
1945,
in
on
stock
common
at $2
Prov.
banks
Balance
and
other
Metrop.
($402,000)
and
and
hand,
on
other
U.
S.
Ins.
13,414,450
13,376,565
34,592,088
36,137,423
$757,196;
taxes,
current
customers'
credit
balances,
earned
Initial Preferred
directors
cents
interest
wholly
income,
3,861,364
47,003,849
48,943,477
23,123,069
25,433,810
22,586,942
2,500,000
excl.
in
sub¬
owned
of
88,174
foreign
204,621
have
against
American
share
per
the
on
Initial
an
5'/2%
quarterly
cumulative
advances
convertible
Southern California Edison Co., Ltd
Period End. Dec. 31—
stock,
preferred
34,809,217
25,676,144
expense
Earnings per
1944, $57,391,821
in
1943
and
for
$68,855,227
amounted
in
Dep. 31
A':V
3,618,500
17,421,600
13,032,000
1,548,922
6,587,940
6,442,976
Accounts payable
(including
Notes payable—banks
1,965,792
12,279,736
7,860,792
8,591,224
Taxes
65,451
65,451
261,806
261,806
debenture
deferred
1943
-
51,264,712
Gross
17,230,971
15,241,563
13,719,334
Total
discount and
—
Int.,
111,732
etc.,
$3,552,554
$3,265,461
1,207,272
1,213,915
4,863,811
5,017,515
$2,345,282
$2,051,546
$10,139,513
(incl.
fund
income
Preferred
Common
:
and
18-year
25-year
-
dividends
1,254,381
1,254,460
5,023,339
5,023,508
1,191,874
dividends
1,192,395
4,772,619
4,774,976
Balance
stock
on
•$395,309
outstanding
$0.34
t$0.25
•Deficit.
tAdjusted to give effect to
161, pp. 48, 1470.
V.
$343,565
»$223,389
com.
$1.60
depreciation
$1.43
change in 1943.—
Socony-Vacuum Oil Co., Inc.—Annual Report—Com¬
had net earnings of $62,300,000 in 1944, according
to
the
annual report to stockholders
B. Brewster
Jennings, President. The
alent
of
to $2
$35,900,000
Improvement
or
in
earnings
from
ductions
against
taxes
in
derived
The
net
earnings
from
domestic
d
pa
is
before
taxable
result
a
to
two
and
accrued
non-recurring de¬
before
Federal
income
of
which
collected
Net
current
assets
share.
a
Dec.
on
Cash
to
and
31,
1944
were
marketable
$178,700,000,
for
with
processed
the
in
United
flects
States
company's
of
to
the
United
of
in
in
8.6%
industries
and
United
1943.
(excluding
last
over
States Government
day Socony-Vacuum's production of
extensive
of
y.y
research
100
sales
to
the
the
report
continues.
best
^method be utilizing it.
of
which ' w.ll
installed
The
in
a
laboratory.
the
first
t'me
since
the
the
those
gaso¬
its
laboratories
by
t
bombing,
destroyed.
has
been
rJeP^rt c.0ntinuesthe
two
Of
and
undertaken
the
in
war
yet
we
transportation
Turkey,
have
r
no
has
in England,
been
in
in
France,
We have
no
information
about
once
operation
one
Near
them.
destroyed
for
many
is completely
has
informaiton
been
regarding
or Poland.
installations,
of
U.
(current)
S.
contr.
North
and
West
Africa,
Portugal
a
known
general
will
on
brought
with having
to the latter's
Corp.,
of
shares
11,400
sold
Creole
and
market
charges
Those
of
Creole
Petroleum's
inadequate
prices
for
"In
in
prices
such
the
this
prod¬
light
of
complaint
of
wrongdoing and improper
charges are coupled with and
general
161, p.
1583.
(Ohio)—Partial Redemption—
called
will
for
redemption
on
May 17,
preferred stock
convertible
be
made
at
the
Chase
1945,
at
National
25.000
105
Bank
and
of
the
11
Broad St., New York, N. Y.
the option of converting these
have
basis of
5.825
50,000,000
2,820,757
6,817,256
757,066
899,056
less
1,247,740
1,317,548
381,502
exp._
(affecting foreign
substation.
'-•*•>"'
—
V.
shares into
common
as
taxes
value,
the
exchange for
The
plan
19,850,000
19,850,000
1,291,289
2,537,327
475,626,780
106,694,225
84,330,686
,
1945—3 Mos.—1944
$451,412
$1,339,413
$1,170,985
$103,541,558
of
reserves
in
to
2,000,000
of
the
tional
of
shares
shares,
of
$10
President.
the
of
par
Under
stock
new
in
by the
board of directors and will be
stockholders
at
the
annual
meeting,
the
approve
stock
new
now
the
change,"
be
Mr.
needed
to
While
Hill
said.
effect
the
"3,749,456
exchange
retraction
no
of
is
presently
the use of the addi¬
the management believes it desirable that the
which
authorized
the business."—V.
the
would
outstanding.
authorized shares,
of
two
receive
approved
contemplated
or
authorized
April 6 by James Hill, Jr.,
would
vote
a
1,874,728 shares
remainder
of
present
would
shares
require
be
available
for
future
expansion
161, p. 1470.
Dr4,567,170
1943
$1,200,000
and
(James)
in
Stewart & Co., Inc.
(N. J.)—Control—
See Panhandle Producing &
Refining Co.
above,—V. 117,
1943
and
1471.
p.
$130,-
$1,114,127 in 1943 and $1,115,664 in
1944.
§Less indebtedness of
$25,000,000.
TIAfter deducting reserves of
$25,908,060 in 1943 and $26,346,044 in 1944.
6*After deducting reserves
for
depletion, depreciation and amortization of
$516,639,614 in 1943 and
$546,739,717 in 1944.
ttDue on 18-year 2?/s%
sinking fund debentures.
SfrAt cost, 530,129
shares,—V. 160, p. 2760.
Stewart-Warner Corp.—Extra Distribution—
The
share
par
directors
and
the
value
May
2.
on
April
usual
Like
year.—V.
161,
4
declared
semi-annual
stock,
common
amounts
both
an
extra
dividend
payable
disbursed
were
dividend
of
like
June
June
on
of
25
amount
to
1
cents
1
and
of
Dec.
per
the
on
holders
$5
record
1,
last
1029.
p.
Steinway & Sons—New Director—
NOTE——For
mechanical
arrange
reasons
companies
However, they
in
always
are
it
is
exact
as
near
not always
alphabetical
alphabetical
Theodore
Controller
V.
possible.
as
1945—Month—1944
on
been
shareholders
pending
1,057,969,363 1,030,440,701
value,
779,508 in 1944),
tAfter deducting
1944.» + After deducting reserves of
position
1
"
•'
14.
"If
shares
....
to
the expenditure
of the present, the? balance remaining in the
treasury.
one
has
submitted
June
8,000,000
the
the
stockholders
20,556,823
Dr4,567,170
with
announced
was
plan,
69,658,595
on
§§Treasury stock
possible
on
plan to change the capital structure of Sterling Drug, Inc.,
through
of 5,000,000 shares of common
stock, of $5 par value,
compared
106,694,225
(market
each
authorization
475,626,780
income
$15).
cost
for
business
Victory Boulevard, Travis,
of $4,000,000
on
*
.
of
Sterling Drug, Inc.—Proposes Stock Split-Up—
8,000,000
surplus
amort:zed
'"j
,
close
1470.
p.
69,658,595
surplus
Total
'<
.
stock
common
the
Corp.—Expansion—
$551,292
161.
123,296,500
(par
%
par
until
161, p. 1584.
sales
22,190,797
assets)
inventory val
Federal
$10
stock
corporation has purchased a plot
Island, N. Y., on which it plans
new
—V.
387,993
....
in
shares of
convertible
preferred
1945,—V. 161, p. 1583.
Period End. Mar. 31—
Net
A
Govern¬
(non-curr.)
premium
reduct.
Earned
Electric
totaled
output
2,018,000
of
this
kwh.,
company
E.
Steinway,
and
President,
Assistant
that
announces
Treasurer,
has
been
Edwin
elected
a
B.
Orcutt,
director.—
156, p. 262.
Superior Oil Co. (Calif.)- -Semi-Annual Report-
as
Co.—Weekly Output—
for
the
compared
week
ended
with
April
kwh,
1,877,000
corresponding week last year, an increase of 7.5% .—V.
161, p.
Gross
—V.
for
the
and
and
Net
production,
Oper.
and
Jan. 1 to Mar. 31
1944
$9,821,813
1583.
1945
1944
$9,114,493 $89,663,001 $84,629,170
Southwestern Bell Telephone
Co.—Earnings—
Period End. Feb. 28—
Operating
1945—Month—1944
revenues
oper.
22,737
Feb. 29,'44
Feb. 28.'43
$12,783,697
$11,495,740
$8,906,575
4,462,123
4.018,534
2,945,474
$8,321,574
reV,r_.
$7,477,206
$5,961,101
;;
Prov.
(net)—
185,088
of
178.457
89,042
$8,505,662
$7,655,663
$6,050,143
1,343,025
846.020
5,969,144
3,456,550
1,623,477
908,347
610,680
$2,537.5)8
$1,635,241
$2,707,466
$6.00
$3.93
$5.93
interest..;
for
Rents
—
income
Debenture
deplet. and
develop,
262,500
deprec
expenditures—
1945—2 Mos.—1944
25,848
45,461
52,868
Operating revenues.. $13,157,913 $11,998,460
$26,903,117 $23,923,277
Operating expenses
7,862,900
7,350,211
16,055,714
14,755,002
Operating taxes
3,644,647
3,098,901
Net
Net
profit before taxes
profit
—'V.
161,
262.500
undeyelop. leases & prop¬
abandoned
erties
$13,180,650 $12,024,308 $26,948,578 $23,976,145
rev,.
Feb. 28,*45
oper.
expenses
profit...
income
Total
Intangible
Uncollectible
etc.,
general
1583.
Miscell.
io Doys End. Mar. 31
p.
Six Months Ended—
1945,
Ry.—Earnings-
earnings
161.
7,
Operating
Period—
per
p.
share..'
1471.
...
7,494,170
$3,113,097
Sylvania Electric Products Inc.—Annual Report—
6,055,178
$3,353,233
At
Net
operating income
Net
—V.
$1,650,366
$1,549,348
1,372,773
1,266,994
income
161, p. 1360.
2,775,961
2,497,740
the
1944
authorized
to
annual
common
1,200.000
the
meeting,
stock
total
of
the
the
stockholders
company
by
number
of
authorized
voted
295,000
shares.
to
increase
shares,
The
the
bringing
number
of
outstanding shares
was increased in May by the sale to underwriters
100,000 shares and the issuance of 50,526 shares to the stockholders
of Colonial Radio Corp. as part of the
purchase price of
of
Spiegel, Inc.—March Net Sales—
Period Ended March 31—
Month
Consolidated net sales..
;
Note—These figures include
Inc.,
No
East,
the
cumulative
York,
Court
suit
a
company
Govern¬
60%
occuoied bv Russ'a,
We have lost some
as bulk stora8e plants, marketing
facilities.
the
a
information of how hostilities
that part of the world,
in
Germany, Austr'a, Czechoslovakia,
Hungary
producing properties in Poland are in the area
as
is
Europe, Socony-
"The ref'nery at Naples
refineries
the refineries
and
of
some
estroyed and the other damaged.
Our
ex¬
v
has
company
outbreak
repaired
■
in
the
fuel for jet propulsion and the
military is providing a jet burner
special
building at
the
Paulsboro
the company's operations in
comP®urldi,ng P*ant and warehouse
Mmu
v.
S.
contracts
agencies
future
Southern
aviation
of
Vacuum Is able to give stockholders
U.
1945
^
Among various projects which
study to determ ne the best type
For
re¬
activity.
over
Supreme
dismiss
oil
petroleum industry
at
2,501,882
per
Paulsboro, N. J., and Brooklyn, N. Y., have been of
great value in
development of special war products and are now being further
panded,"
of
..v
facilities
3,000,000
288,130
insurance
order.
This
..
30%
octane
the entire
38,376,799
3,000,000
_■
credits
Capital
States
company's
Sterchi Bros. Stores, Inc.—March Sales—
7,611,995
debenture
stock
to
Crude
civilian
were
36,943,080
taxes)
recovery
of foreign
investments
Minority interest in subsidiary companies..
"At
the
,
5,207,158
69,000,000
conting.
for
lor
62,633,748
5,544,686
future
■
have
Payment
the
of
-M
67,375,687
obligations
for
1944
barrels
year.
essential
liabil.)
3,069,699
income
construe,
Reserve
for
accrued
sinking fund debentures..
64,500,000
sinking fund debentures..50,000,000
deferred
for
1943.
,-r-:
company's
1,057,969,363 1,030,440,701
Southern Colorado Power
line exceeds the total daily
production
as of December.
1941.
"The
end
374,000
1943..
Each
the
averaged
products
increased
war
equivalent
the
at
1943.
petroleum
needs of
Domestic sales
refineries
over
Government)
increased
under
Reserve
York
to
the
Petroleum
by factual assertions."—V.
New
on
The
various states.
$167,950,000
Socony-Vacuum's crude oil
production
within
averaged 168,600 barrels per day, 9% higher than
day, an increase of 11%
Domestic sales of all
the
$280,500,000,
securities
comoared
as
was
from foreign.
$142,100,000 in taxes,
collected
$9
$71,000,000
$14,500,000
or
including $60,900,000 of gasoline taxes
amounted
factors—increased
certain
Earnings
$85,500,000,
operations
out,
of
and
taxes
income.
amounted
company
April 2 by
as
operations
1944
issued
earnings are equiv¬
compared with earnings in 1943
$1.15 per share.
share
a
3%
Unamortized
Other
New
charged
Creole
Staten Island Edison
2,717,324
(current)
construe,
from
Purchase
Capital
pany
stock
long-term debt—
Res.
•$100,972
sh.
per
City of
857,926
3,261,675
2%%
Advances
Res.
Earned
743,274
...
agencies
under
ment
Net
mere
4J/4%
dividends.
4,644,470
expense..
payments..
from
$15,003,324 $14,592,609
than
'
obligations
$9,575,095
deductions
of
Holders
—
Purchase
Funded
less
control.
directors
shares
^
payable
ttSinking
revenue..
The
54,695,627
105,247,163
Liabilities—
income
the
who
subsidiaries
Standard Oil Co.
47,532,881
39,704,099
109,798,147
13,519,284
items...
Advances
Net non-oper.
the
loss.
to
or
than
and
accompanied
$
Staten
ment
was
to any
for
499,503,866
1,715,275
$3,249,337 $14,336,582 $14,039,407
16,124
666,742
553,202
of
the company
by
the
financial
itself
more
producing properties, etc
511,462,505
royalties, taxes, rents, etc..3,834,735
4,000,600
$3,440,772
Shientag
motion
subsidiary,
and
domination
64,630,382
103,319,820
estate,
3,021,787
rev
a
L,
a
stockholder
a
reviewing the complaint Justice Shientag said:
foregoing allegations, It seems clear that we have
share
3,115,047
oper.
by
to
May 17,
755,625
Net
as
renegotiation
In
24,922,993
823,451
acquisition
denied
it
substantially
much
2,482,496
of
and
62,407,609
2,311,718
adjustments
of
had
30,999,743
596,022
'
S4.98
basis
but are subject
year
completion
unfair
62,407,608
587,275
Amortiz.
$4.36
general
same
"at
24,505.689
Commercial expense.™
Adm. and gen. exp._™
depreciation.
5,527,651
$2,186,505
share..
common
Oil
41,503,154
Unamort.
for
$7,714,156
4,455,000
$1,919,083
products
owned)
Co,
50%
Other
Prov.
profits taxes.
holder
com.)..
Oil
other
1,036,162
on
excess
plaintiff, Raymond B. Price,
Petroleum, charged that Standard
(50%
(incl.
3,038.915
taxes
and
The
owned
SStandard-Vacuum
tlMiscell.
1,352,995
...
■|'
11943
$6,374,083
income
Bernard
30
dominated
the
130,392,378
advances
3,159,718
taxes.—.—__
Justice
$60,863,764 in
48,341,131
...
821,370
for Fed.
385,136
$1,922,612
*1944
ucts:"
to
1942.
...
229,600
income
373,616
$1,316,588
stock
common
V.
Fisher, of Cranford, N. J., manager of
Chemical Products division, has been elected a director.
detriment
States
securities
697,548
Prov.
to
Standard Oil Co. of New Jersey (Del.)—New Director
15,589,161
$0.99
$
901,655
Other
cumulative preferred stk._
on
Harold
$1.15
tAccounts and notes receivable
Due from dept. & agencies of the U.
S. Govt.
Crude oil, refined prod. & miscell.
mchdse.
Materials and supplies
Prepaid
1,856,556
$2,307,748
amounts are
after provision for re¬
negotiation in accordance with agreement for that
year.—V. 161, p. 247.
15,589,161
__
and
2,618,480
change which may result upon
year 1944.
fAs revised.
These
against
on
investments
$4,164,304
taxes...
per
5,132,253
Assets—
•Marketable
475,576
$4,308,683
•After provision for
renegotiation on the
applied in the settlement for the preceding
30,808,397
1944
••Real
Earnings
1,135,766
Comparative Consolidated Balance Sheet,
Cash in banks and
286,902
$329,521
profit
$2.00
Note—Gasoline taxes collected
12,719
$370,200
applicable
for Fed.
35,944,983
share
common
expense...
Distribution
5,939
$3,688,728
$1,690,204
before
Prov.
62,349,556
•Payments to Metropolitan Life Insurance Co. for
funding past ser¬
vice annuity
obligations, less dividend,
tlncludes $6,635,906 applicable
to prior years and is after
provision of $4,103,620 against advances
to South American subsidiaries.
1944—12 Mos.—1943
Profit
tl4,451,200
income—
expense—.
Transmission
$4,021,782
income
23,383,742
net
paid
1 Domestic
$16,288,490 $15,198,244 $64,020,200 $57,274,827
2,090,670
2,033,680
7,612,002
5,328,053
$316,802
Dr671
Square D Co.—Earnings—
to
Foreign investments and advancesSubsidiaries and branches not consol
,—Earnings-—
1944—3 Mos.—1943
revenue
Production
133/4
of
$370,871
Court Refuses to Dismiss Suit—
subsidiaries
consolidated
Dividends
16 to holders of record April 12.—V. 161, p. 1136.
payable April
Operating
dividend
revs..__™
693,457
'911,931
y
161, p. 1583.
'>;v.y 3-;'
March
Total
$13,035;
Dividend Declared—
declared
4,868
Balance
229,284
47,898,356
inc.
from
South
surplus, $63,494; total, $3,850,303.
The
4,276,353
58,120,822
local and mis¬
reduction in inven¬
not
liabilities,
$74,195;
mortgage
loans
payable, $26,170;
pattern discards and returns, $577,592; reserve for con¬
tingencies, $20,000; dividend payable in new preferred stock, $1,000,000;
common
stock
($1
par),
$500,000;
capital surplus, $593,516;
848,047
406
income
Net
for
reserve
73,856
406
Accrued dividends
funded & other
on
minority
provision
payable
(trade),
$117,900;
accrued payrolls,
employees' taxes withheld, $10,605; accrued taxes other than
taxes, $64,823; provision for U. S. and foreign income and
profits
excess
other
68,298
franchises..
•1,208,063
foreign subsidiaries and
income from foreign branches less
$662,277;
and
Liabilities—Accounts
income
795,087
income
Net
—V.
39,126,871
Co.
values
for
Divs.
$3,850,303.
$31,776;
1
•
17,057,536
amort.
Life
taxes—.—.......
for future
Net
U. 8. Series C Sav¬
foreign government securi¬
ties, at cost, $446,450; accounts receivable (net), $748,683; .due from
officers, $9,580; inventories, $705,195; amounts receivable from sale
of plant of liquidated subsidiary, $152,000; refund receivable for prior
years' income and excess profits taxes, due to carry-back of
1944
losses of liquidated subsidiaries, $320,335; miscellaneous investments,
$2,215; post-war refund of excess profits taxes (est.), $100,438; land,
buildings, machinery
and
equipment (net),
$663,909;
patents
and
trademarks, at nominal value, $1; deferred charges, $39,220; total,
ings Notes
"
>
3,000,000
income
sidiaries
1944
Sheet, Dec. 31,
1,302,431
4,072,774
tory
Prov.
share,
per
<422,102
inc.
Calendar Years—
—
to
and discount
Federal
excess
in preferred stock.
Consolidated
Assets—Cash
1944,
4,
than
Income deductions
developm't costs
Federal excise, State,
cellaneous taxes
profits taxes due to carry¬
liquidated subsidiaries, $320,335, less related
post-war refund of excess profits taxes, etc., $18,340.
of
adjustments
$181,489
$260,026
tl,000,000
—™
1942
534,673,396 420,842,866 319,138,146
92,767,061
82,898,159
83,899,640
expenses.
-
retire,
Payments
$264,715
_
__
528,291
64,616
oper.
Gross
V
abandonments and amorti¬
$160,360
301,994
.31
1,533,785
*''
debt
Net
Dividends
34,873
$
ma-
gen.
zation
197,639
$9,096,162
3,374.005
44,637
68,294
of
Net
816,928,059 666,475,413 557,557,048
__
purchased,
terial, labor and
Cr30,000
plants of subs
3,858,903
retirements..
for
Amort,
815,059.775 664,941,628 556,254,617
1,868,284
_
Dec.
1943
$
1
'
Sel'ing,
Cr46,500
:
t
—
interest
income
Cr49,700
_
receivable.,
:
'
•
services™—
and
oil,
and
Net
•Refund
East
Prov.
possible.
Account,
Peplet.,
'
——
••
•
^
taxes
$10,056,978
287,880
W
(other
Other
J
'
Sales
$534,290
2,044
64,029
305,000
v
11,727
$808,238
3,049
_
....
profits taxes.
excess
Other
Post-war
_________
___
Far
in
Dividends
Deductions
the
which Socony-Vacuum has a half interest, is not paying its net
in dividends to the parent companies.
Its income is being
retained to finance the rehabilitation of its
far-flung properties when
$497,627
36,663
42,969
—
Maintenance
Taxes
1945—2 Mos.—1944
$778,433
312,988
income
10,969
$765,269
48,414
—
income
1945—Month—1944
$865,495
revenues
expense
taxes)
which
Co.
1944
Other
Southwestern Public Service Co.—Earnings—
Period End. Feb. 28—
Operating
Operating
>
Standard-Vacuum
and
United
If conditions
expand
Monday, April 16, 1945
full
in
are
market."
337,104
94,306
416,674
depreciation
for doubtful
Prov.
436,595
-
,
for
ican
:
98,390
post
Provision
Taxes
1,822,845
and admin, exps.:
freight, express and par-
of
measure
V' 1942
$7,903,491
$5,483,650
5,097,744
3,317,662
1,399,495
1,136,775
5.663,219
—
31
1943
$8,768,934
—
—
gen.
Outward
eel
-
.™
-
goods
!
Dec.
Britain,
operation, but in Continental Europe,
the re-establishment of our business, country by country, will depend
upon
the nature of the peace
terms,
the economic and
financial
policies of the United Nations and of the local governments and the
10,000 shs.
Straus & Blosser
1944
Net
y
.
.
Great
pur¬
sales
and
$6,946,983
mail
order
and
retail
subsidiaries.
comparison with
1944
were
1944.—V.
reported
in
sales
is
161,
submitted
p.
1583,
because
sales
3 Mos.
$14,554,956
of
Spiegel,
only mail order
approximately
$3,250,000 paid
by Sylvania for full ownership of Colonial.
The out¬
stock of the Svlvania company was thereby increased from
854,474
shares outstanding Dec. 31,
1943 to
1,005,000 shares out¬
standing Dec. 31, 1944.
standing
The
sale
of
100,000
shares
of
(Continued
stock
on
was
page
for
1703)
additional
working
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
161
Volume
Stock and Bond Sales
DAILY
dtUTery Mlta ere
NOTICE—-Cash and deferred
«»
New York Stock Exchange
WEEKLY
-
1665
YEARLY
-
taken of inch sale* in computing the range for the year.
disregarded in the day** range, unless they are the only transaction* of the day. No account la
r\<
York Stock Exchange
United States Government Securities on the New
Below
Apr. 7
Bond Prloes
Daily Record of U. S.
Apr. 10
Apr. 9
Anr. 11
4%s, 1947-52
Apr. 12
:
Oai.j
Apr. 13
2V2s
sales in $1,000
Total
units
'
'
.
XrXX'X''.-';x
Total
Low
[Close
Total
sales in
$1,000 units
2% 8, 1952-55
[Close
[Close
Total
sales
in $1,000
units
fHigh
2% 8, 1954-56
Close
(Close
Total sales in $1,000 units
113.28
[Close
114
113.28
LoU
•
114
113.28
High
114
[Close
Total sales in
■
Low
■v-rVX;'(High
j Low
Total
(Close
units
Total sales In $1,000
X.X
[ High
la,
[ Low
[Close
1949-1951.
Dec.,
Total sales In $1,000
Close
units———
units
;■
..
'
—J
1945-
X ';.','.,
Low
•
[High
2s, March, 1950-1952——Low
[High
,
.
Low
In $1,000 units.
Total sales
[High
L°w
Total sales In $1,000
[High
■{
1949-1951
[Close
units———
2%B, 1960-65
'
.
Sept.,
l>,
Close
Total sales In $1,000
sales In $1,000 units
>
[High
Low
•.-V'
[High
[ Low
[Close
Total
units
2%8, 1958-63
>
Is, June, 1949-51
[Close
Total sales In $1,000
units
sales In $1,000
-
—
[High
1 Low
2%S, 1956-59
■{ Low
(Close
1948-50
2s, Dec.
[High
/V,.;-;
(close
•
units
Total sales In $1,000
[Close
—L
1951-54
| High
Jbow
]
1948-50
.
jLow
units
Total sales In $1,000
-
,
1
[High
[ Low
[Close
sales In $1,000 units
2s, March
[ Higb
a%s, 1948-51
.'::
Total
In $1,000 units
X,;
$1,000 units
:
[Close
102.18
102.18
15
1947.
2b.
High
2%S, 1945-47
102.16
102.16
[ Low
1956-59
10
1
units
Total sales In $1,000
2%S
102.18
102.16
[High
units
——
Low
■
.
Uj
Low
■
Low
Total sales in $1,000
2%s,
High
.
3s, 1951-55—
2%S,
Low
[Close
units
[High
[Hign
-1:
6
4
\
sales in $1,000
2%s, 1951-53
Higb
Total sales
101.11
101.11
units
Total sales in $1,000
27/8s, 1955-60-
101.13
101.16
units
j Low
3s, 1946-48
101.12
101.13
7
2%s, 1967-72
Low
Low
[Close
•
101.11
101.16
101.13
(High
[High
"
,
3
Low
Total sales in $1,000
units—
Total sales In $1,000
101.14
units
$1,000
[Close
-.-V
Total sales In $1,000 units
x?i
Close
102.30
[High
Total
Close
units
Higb
1
sales In $1,000 units
[High
[ Low
[Close
2s, 1951-1953
107.15
Low
107.15
,
S%8. 1949-53——-
Close
Total sales
107.15
:
Total
2s,
I Close
[Close
In $1,000
units
4
101.14
101.14
Home
101.12
101.12
Loan
Owners
101.12
101.14
Low
|Clos*
Total sales in $1,000 units—
5
[High
[ Low
[Close
iy2s, 1945-1947
1 -V.X:
&
Total sales in
[High
{ Low
lot
'''Odd
[Close
units
sales
Total
101.20
[High
2y2S, Dec., 1964-1969
j Low
1948
101.20
[Close
In $1,000 units—
•{
in $1,000 units
[High
l%s
101.20
[High
< Low
1964-1969
{ Low
[Close
sales
Total
units.
1963-1968
102.22
1
1953-55
2s
fHigh
Total sales in $1,000
102.22
102.22
Low
•
I High
•( LOW
i
1952-54
Dec.,
Total sales in $1,000 units
[Close
In $1,000 units
Total sales in $1,000
35
$1,000 units
Close
] Low
I%S, 1956-58
—
102.16
102.16
[High
units
f High
Itts, 1962-07
102.16
} Low
(Close
Total sales In
Close
Total sales In $1,000
2%s, June,
$1,000 units
1952-54
2s, June,
Low
Sftfl, 1952-54
Total sales
sales In
[High
units
[High
1%S,
-
[High
[ Low
I Close
[High
j Low
[Close
Total sales
$1,000 units
1951-55
2s.
Sttf, 1950-52
Total sales In $1,000
In
1
units
Total sales In $1,000
102.30
[Close
Low
1948—
Total sales in $1,000
102.30
[ Low
1950-1952
Sept.,
2s,
High
2%S.
Apr. 13
Apr. 12
...
(Close
[Close
3y8S, 1949-52
.
sales in
fHigh
[High
J
.101.12
2y2s, 1966-71
Low
units
—•
101.14
Low
Apr. 11
Apr. 10
Apr. 9
Apr. 7
fHigh
1965-70
Total
[Close
3yBs, 1946-49
Prices
Bond
d.
Close
5
[High
Total sales in $1,000
U.
ui
Treasury
109.9
[Close
J
4ecurd
109.9
units
3%S, 1946-56
the New York Stock Exchange during the current
,
109.9
,
[High
] Low
Treasury
Total sales in $1,000
32d of a point.
decimal point represent one or more
Figures after
week.
of the transactions in Treasury and Home Owners' Loan coupon bonds on
furnish a daily record
we
at
$1,000 units
transaction
sales,
registered
of
bond.
ffOn April 3, $1,000 bond sold registered
102.2.
—
NEW YORK STOCK RECORD
LOW AND
Apr. 7
share
$
Apr
SALE
Tuesday
Apr. 9
Saturday
$ per
HIGH
Monday
per
$ per
share
10
$ per share
share
64
64%
63 Va
63 Va
*62%
64 y2
*63
111%
111%
111%
112
112
*111%
112
66
66
66
*63%
66
11%
11%
11%
11%
11%
73
73
73%
66
*63
11%
11%
73
*72%
14 Va
14
*64
11%
*72
*72
73
14%
*35%
38
*23 Va
23%
*23%
23%
23%
46%
46%
44
44
44
105
105
*105
3
*2%
40%
40%
65%
*63
30 y2
30 Vt
99
*95
16
'15%
6%
207
For
2%
41
*63
30%
*96%
16
*16%
31%
206
207
40%
155%
*31
6%
3
17 y2
*16%
6%
2%
157%
*155
14%
14
43%
207
*73
36
14
23%
207
11%
*35%
V\
23.
6%
x64
14
22%
107
64%
♦111%
36
36
6%
-■:j>■
13%
*34%
43%
f per share
*35%
*22
*105
64%
31%
45
44%
107
*105
6%
6%
207
*205
3
3
Apr. 13
Apr. 12
14%
107
6%
208
3%
♦36%
105%
6%
*205
3
64 Vz
;•
112
I per share
64'A
mi1/*
800
64%
120
112
30
65
II >4
11%
7,500
74
72%
72%
800
14%
38
23%
46%
105%
7
208
3%
14 Va
*37
4,200
14%
*64%
65 %
65%
30
30%
99
*96%
16
16%
156%
156
17%
.
31%
footnotes see page
1675.
41%
41%
*16%
46%
8,400
Air
2%
31%
17
31%
42%
41%
40
■*.
4,400
7
V
20,100
3
42
90
10,300
Reduction
No
Alabama
Alaska
&
Gold
100
—10
Min
100
1
100
Albany & Susquehanna RR
Allegheny Corp
5%% pf A with $30 war
64%
64
64%
63%
63%
800
31%
31%
31%
31
31%
7,500
98%
*86%
98%
♦96%
98%
preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
17
*16%
17
3,100
Allen
157%
1,600
16%
156
*17
32%
17
16%
156%
157%
156%
17%
17%
17%
*16%
33
32%
32%
156%
32
17%
100
32%
3,300
$2.50 prior conv
Allied
1
Industries Inc—
Chemical
6c
Allied Kid Co
Allied Mills Co Inc
Dye
Jan 15
9% Jan 2
68
Jan 2
60
13% Mar 26
*96%
—
9
32% Jan 24
22 % Apr 6
39% Jan
2
98% Jan 22
6'A Jan
2
173V2 Jan 22
2% Jan 24
34% Jan 22
56
Jan 23
28 Va Jan 24
91
Jan 11
No par
Vicksburg Ry
Juneau
60% Jan 22
111% Apr
Par
10
Corp
Inc
$ per share
1
-
30%
98%
156%
42
Express
Corp
*64%
31
17
42%
Adams
45%
105
Co
Steel Co
Address-Mutigr
■
40%
Acme
Motors
Adams-Millis
37%
207
No par
2.50
—23
Abraham & Straus
ACF-Brill
i.ioo
6%
-100
preferred
4%
23%
104
No par
Abbott Laboratories
No
par
„_8
No par
Year
1
13% Jan
2
153% Mar 26
15% Jan
2
31
Mar 31
t per
share
x65% Mar
114
66
14
14
13% Feb
80
7
Feb
Mar
19
52%
64%
Feb
114
108% Nov
64
Jan
Dec
Nov
14
Dec
15% Mar
10%
Jan
35
26 V2
Jan
33
19%
Jan
24 y2
Apr
26%, Mar
37% May
48
Mar
106
Mar
26
8
Feb
28
211
Feb
75
Jan
5%
Apr
.
43
100
7%
181
Dec
Oct
July
Dec
July
Hov
20
124
4Va Mar
2
2
Mar
5
23%
Jan
36
Dec
1
37
Jan
62
Dec
7
24 V*
Apr
29% July
70
Jan
91
49
68% Mar
34"% Mar
100
.
Mar 22
17% Mar
165% Mar
18% Feb
347% Mar
7
6
23
1
'
9 V*
141
Jan
Dec
10%
Jan
'
Jun
Jun
66
8y8 Aug
53
Jan
S per share
$ per share
47
1944
Highest
Lowest
Highest
Lowest
Par
23 %
207
Range Since January
STOCK
Shares
65
.
YORK
EXCHANGE
the Week
11%
64
NEW
Sales for
Friday
Thursday
Apr. 11
*111%!
Range for Previous
STOCKS
PRICES
Wednesday
Mar
Jan
Apr
3V*
T5%
157
Dec
Dec
Oct
Dec
13% Mar
16%
Feb
29
35 y*
Mar
Aug
LOW AND
$ per
24%
25%
24%
*101%
102
102
S per
24%
24%
*101%
103
f per
share
243/4
f per share
share
24%
''44
43%
43 "/a
43%
43%
43%
*116%
117 %
*1163/a
117%
117
117'/a
"24%
24%
"24%
24%
24
24'/a
4%
44
44%
117
29
29
29
48%
48%
483/4
115%
24'/a
73%
18%
18%
44
24%
24%
73%
44
*132%
18%
*132%
11%
93%
93%
93%
193%
43%
100%
100
101
*114
115
115
*125%
32%
33
33
*4%
434
4%
5,000
American
43%
2,300
Am
11%
94
3%
3%
33/a
"91%
98%
98%
22
22%
73%
8
8
f
*76
*7%
¥
79
74
A
22 ¥a
12¥a
21 Va
17
17%
11%
20%
20%
20%
109%
*107
32%
4%
4%
*107
109
*107
32%
13 %
13%
313/a
3%
3%
3%
3%
24%
94
94
94%
95
42
42
42
42
9%
8 Va '
*75
76 ¥2
*74%
-
*9%
9%
*
-8Vs
8¥a
8¥s
-
8
8
42
42
5%
K*45
8 Va
8%
79
10
110%
225/a
23 V8
12 ¥4
273/4
12%
123/a
400
136%
*135
45
45%
45
45 ¥2
12%
125/a
23%'
12%
125/a'
12 ¥2
12 ¥4
J,
45 ¥2
28 ¥4
28
28%
1363/4
*133
1363/4
*133
1363/4
46 ¥4
46
46 ¥4
45%
453/4
46%
46 ¥4
■
•
4%
4%
4 ¥2
4%
4%
4%
71%
70 ¥2
71
70
70%
705/8
713/a
71 ¥2
-72%
65%
65 3/8
65a/8
64
65 Va
65%
65%
66'/a
G63/e
4 ¥2
4%
•
12%,
13 Va
;
*179%
181 ¥2
*179%
181 ¥2
173/4
17
173/8
17%
17%
17 ¥2
18 ¥4
84 ¥2
85
84
85
84
84%
84 5/a
85
22%
23
12%,
123/4
13
17%
35 ¥4
¥2
13
13 ¥4
24%
24%
24%
21%
21%
21'%
21 ¥2
*34%
34%
34%
35 ¥4
343/4
35
44 ¥2
44 ¥4
45
45
1653/4
165 ¥4
166
*167
168
*41 ¥2
41%
41%
41%
423/4
*42
;:v'V
43
v
45
*157 ¥2
*1563/4
160
30
29%
30
20%
20%
21 ¥4
160
24%
25 ¥a
47
136%
*132
1351/8
*32
*69 ¥4
:
"
*47%
163
•
26
V
26
48
48
32
*69
*159
30%
'213/4
*25%
49%
136
*134
135
134
134
32
32
32
32
162%
162%,
1625/8
163
162%
69 ¥2
68%
69
69%
*132 ¥4
-ap
/
,70
71
71 ¥2
163 ¥»
12,000
Amer
70 ¥2
"1,500
American
72
72 ¥4
153
153 ¥4
71 ¥4
70 ¥2
70%
152 %'
1523/4
153 ¥4
1523/4
153%
153%
133/4
13%
13%
13%
13%
14
13%
143/s
14
14 ¥4
14%
45 Va
45%
45%
45%
45%
46%
46%
47%
473/4
47%
X46%
*118%
120
11%
9%
9 ¥2
5%
.
*5%
5%
105
105 Va
5%
5%
673/4
*65
*65
,*
V'
120
*119 %
11%
11%
*104
105
93/,
9%
105
105
67%
*65
11%
11%
105
*102
105
105
•'
v*
105
9 ¥2
120
*119
113/4
11 VB
*102
119%
-
1193/4
106
53/4
..
673/4
.!.
119%
119%
118 ¥4
11%
113/4
1053/4
48
107 ¥4
12%:..."
66
5%
108
,
5%
6
*65
67%
108
/
6
67 ¥4
*65
31 ¥2
32
31%
32
31%
31%,
31%
32%
32
32%
31%
32%
41%
41'/a
41%(:
40 ¥2
41
41
42%
X42
42%
42
42 %
840
*31
3.1%'
31
31%
31 ¥4
31%
33%
33%
33 %
109%
111
r
'•
7
*109%
-
*109%
111
-313/4
111
*1-10%
33%
112
33%
*111
*12 ¥2
¥2
4%
43/4
43/4
*51%
52%
52%
*12%
13%
52%
*4
7 ¥4
7
7 ¥4
107
107
113
113
43 ¥4
107
'
'
*112
*433/b
43%
*12 ¥4
13
*10 ¥2
10:,4
20%
*12
10%
20 3b
115%
114%
114%
20%
*45 Va
107%
53
108 ¥2
66
84%
109
109
*77%
79%
15 ¥2
15 ¥«
*56 ¥4
56%
*56 %
66 ¥4
66 ¥4
66 ¥4
119
117
*18%
*117
*19%
20
12
12
11¥4
*90
02
*90 ¥2
V9
7 ¥4
7 ¥2
17,900
107 %
107 ¥2
600
*113%
113
433/4
44
44
114
*113
45
12%
12 ¥2
12%
11
11-
11
11
20
20%
¥2
21
20¥B
13
21%
122
120
121
114%
115
115
115%
*45 Va
53
53
*45%
*107%
109 ¥2
86
84%
87%,
109
108 ¥4
109 Va
109 ¥2
*77
337/a
¥2
33
79
53
*1073/4
21
110
45%
11
1,100
Artloom
21 ¥2
5,500
>114%
45 %
>107%
120
*114 V2
*45 ¥a
*107%
91%
89%
109
109
109
109%
68%
073/4
68%
36
36
*77%
79%
77%
77%
*109
1
*77
1103/a
110 ¥4
15%
15%
15%
16 Va
15%
57'/»
56
56
¥4
56 ¥4
66
¥2
119
663/4
67
117
117
*18%
20
*56
*117
51%
*56
67
67 %
118%
117
07%
92'/a
92%
19
18%
.19%
6
5%
Jan
13
21
65
Mar
par
6% Jan
5
10 ¥8 Feb
8
V-:4
Jan
6
61
Jan
6
*91
15
89 ¥2 Feb
Jan
3
ll¥a Mar
7
IVa
Apr
93/8 July
7% Jan
3
8% Feb
13
6¥a
Jan
9 ¥4 Aug
Jan
11
46
Jan
50
Jun
Jan
22
34¥4 Mar
1
14%
Feb
28 ¥s
Dec
Jan
30
112 ¥2 Feb
26
Jan
111¥4
Dec
Dec
50
2
48 ¥2 Apr
par
108
27
80 ¥2
par
21
Mar 26
253/b Feb
7
143/a
Feb
24 ¥2
par
11% Mar 27
14% Jan
9
8%
Jan
12% July
par
24 ¥2 Jan
31
24
46
¥4 Apr
26
130
Oct
32
Jan
43
Dec
6
2
Jun
20
6
115 ¥4
14¥4 Feb
14
Mar
16
163
Jan
11 ¥2 Jan
2
2
91 ¥2 Feb
23
183/s Jan
4
24% Apr
11
13%
Jan
18 ¥2
17% Jan
par
15
23 ¥2 Feb
15
13 ¥2
Feb
19% Dec
Feb
15
26 ¥4
Jan
37 ¥4
3 4 ¥2
Apr
40 ¥4 Jan
40
2
164 ¥4 Jan
3
41 ¥2 Apr
9
Feb
9
153
100
par
27 ¥2 Jan
17 ¥2 Jan
483/4 Mar
No
¥22% Jan
par
Apr
12
173/a July
Jan
773/4
26% Apr
120 ¥2 Jan
12
par
293/a Jan
2
34 ¥4 Mar
I643/4 Jan
8
455/a
Dec
Nov
152 ¥2
Dec
Jun
28 5/s
Dec
15
Jan
193/a juiy
16%
Jan
25%
29
Feb
56
Dec
111
Jan
132
/ Dec
26s/8 May
6
Jan
Jan
31
65
Jan
2
73
Feb
20
563/4
Jan
65 ¥4 Jan
2
74
Mar
7
57%
Jan
75
100
10
14
100
145 ¥4 Jan
3
156
Mar
17
No
16 % Mar
1
8%
11
39 ¥2
121 ¥2 Mar
15
116%
Apr
Apr
12 ¥2 Apr
13
6 ¥4
Jan
7
84 ¥2
Jan
11
6¥a
Jan
Jan
11
67%
Jan
4
Jan
Feb
1173/4 Jan
22
¥4 Jan
23
99% Jan
11
8
par
9
No par
Jan
107 ¥a Mar
12¥4 Jan
2
116
100 Va Mar 26
Feb
21
25
60 ¥2 Jan
23
693/4 Mar
1
44
7 ¥4
5% Mar 27
1
preferred
6
24%
Jan
Mar
6
25
Jan
A
12.50
24 ¥2 Jan
6
33 ¥2 Apr
11
20V
Jan
Mar 29
114 ¥2 Feb
17
Mldl'd
No
13
"93/4
No
8
2
87/a Jan
30
4%
102 ¥2 Mar 27
115 ¥1 Feb
14
74 ¥2
Jan
107 ¥2
Dec
Feb
2
85
Jan
119
Jan
43% Mar .26
473/, Feb
21
35 ¥4
Apr
11 ¥2 Jan
14¥a Feb
21
9 ¥4
Feb
8 ¥2
Jan
Mar
26
6 3/8 Jan
111
•
$5
50
par
56
Mar 27
126
2
42
Jan
18
Jan
111
Jan
:
Apr
A
Jun
-v
6% July
Jun
46%
12% July
A
Jun
133/4
.
19%
Dec
12%
Jan
122
Apr
10
90
Jan
113
u
Dec
4'
117
Feb
14
85 ¥2
Jan
113 ¥2
Nov
19
33
May
453/4
Mar.
Sep
103% Jan
1
21 ¥2 Mar
9/
45 % Jan
Jan
12
108 ¥2
Nov
18% Jan
31
92% Apr
13
53,¥2
Jan
83 ¥2
Dec
109 ¥2 Apr
106 ¥4
108 ¥2 Mar 23
Dec
Jan
30
12
82-
Jan
48 Va Jan
22
Mar
16
25s/8
Jan
55
Dec
33 ¥1 Feb
1
39 ¥4 Jan
5
25
Feb
38%
Nov
100
-25
-—TOO
5
50
j
74 ¥2 Jan
5
80
Feb
7
59 ¥4
JUn
76
Nov
36% Feb
15
101
-30% Jan
75
2
110% Apr
22
■553/4 Feb
,
19■
60
Jan
2
———100
No par
113
Jan
25
No
18 ¥2 Jan
10% Jan
par1'
-~"5y4 Jan
24
13
"25 ¥a Jan
.——._5c
Co.
2 ':
~'-2
3
No par
prior A
67
22
77 > Jan
14% Jan
(The)
;
24% Jan-
V.
.
32%-May-
114
107 3/3
11%
Jan"'
173/a
Dec
Jan
23
53 ¥4
Jan
57 Va
Oct
69 ¥2 Feb
23
17¥2 Mar
58
118
24
Mar 17
Feb
2
Feb
Oct
3
-1
113 ¥2 Jan
6
14% Jan
;—.—No par
ot Del
5
57
3
20.
Jan
113
-
12% Feb
2.
.
.
Jan
1
preferred
Aviation Corp
Autocar
10
-
45
Nichols
2,100
Aug
Feb
50
-100
_
Atlas Tack Corp
30,300
Dec
43/4
14
106
Line RR
preferred
6
14%
6
57/8 Feb
—i,—100
100
100
pref series A
19
Jan
15 ¥4 Mar
2
—No par
._
Jan
2¥a
1
5
Corp
Dec
117 ¥2 May
Nov/:.
Fen
par
No par
100
No par
Co—
110 ¥2 Apr
13
Dec
28% July
4¥a Jan
13
5
preferred
29 ¥»
-K
47
Dec
39
343/4 Mar
110 ¥2 Apr
Dec
65
6
No par
20
5
Dec
6¥b July
2
112
Nov
107
38 ¥4 Jan
110
Aug
9 ¥2
29% Jan
SS Lines
93
16 ¥4
100
50
No par
Dec
Jun
120% July
No par
& Santa Fe
;
155/a
49
Jan
49 ¥2 Jan
13 ¥2 Mar
July
July
1523/4 July
Jan
139
27
433/4 Mar 27
,
No par
—
Dec
75
——25
& Cable
Jun
166%
156
157
25
Eiec
Dec
31 ¥2
100
B„—
Dec
165 ¥2
22%
13
7
43 ¥2 July
Jan
146
A 56% Jan ■ v: 3 v
Mar
Sep
Dec
Jan
7
142
Dec
393/a May
147
15
Mar
100
No
Jan
36 ¥e
6
333/8 Feb
3
"
21
25
463/4 Mar 26
100
Refining
6
Feb
158
16
12 Va
62 ¥2
6 -
453/4 Mar
170
2
No par
&
193/4 Mar
5
25
Co
Aug
2
100
No
180
2
No par
No par
preferred
Dec
Jan
Jan
184
3¥a Aug
75
18,50
—No
53/8 Mar
153/a Jan
176
25
100
*
5%
Dec
Feb
Feb
11
Mar
138 ¥2 Mar 22
130 ¥2 Jan 26
100
-
—
of Illinois
18%
Dec
Jan
9
Dec
preferred
Austin
79%
70
Aug
Refining
conv
Oct
7% Aug
12%
Corp„-
5%
76 ¥2
60%
Atlas Powder—
30
Nov
46
393% Mar
74% Feb
66 ¥4
non-cum
T
52 ¥4
112'
62
Apr
--
May
.
7 "'
Apr' 12
Mar
24
66 V
21
/.■
■
Dec
20
*14% May
13
95
A- Jun
•120%-Aug
Jan
13 ¥2 May
Apr
84 Va May
Feb
13
14¥2
Dec
6% Feb
8
3%
Jan
15% Nov
-
Dec
6
B
27%
27%
.14%
27%
*14%
273/4
27%
28
-
27%
28%
28%
28%
27%
28 ¥2
14,300
14%
14!%
15%
14%
15%
15%
15%
15%
15
15
15%
26,600
Baltimore & Ohio
28
27%
28%
27%
28%
28%
28%
28
29%
27%
28%
14%
14%
14%
13
15%
15%
15%
15%
153%
143/4
15
4,200
67
87%
69
70
70
140
36¥a
37 ¥2
68
*35%
353/4
*22 %
23
*51
52
*66 %
68
*66 %
"
35%
35%
35%
35%
36
36%
36%
3634
-22%
'
67%
68
22%
23
23
23
23
23
23
*51
52
.«
3,000 *
23
52
52
52%
52
22%
22%
21%
22%
22
22%
22
22%
22
22 ¥a
19%
19%
193/4
19%
19%
19%
20
19%
20
19%
193/4'
*51%
52
*52
*7Q
*1)08%
10%
*36
*115
36%
*35%
40
*38%
40
303/4
109
*108 %
109
36%,
39
353/4
36%.
*35%
36%
35 3/4
39%
39%
*39%
39%
*39%
108 ¥4
108%
*108%
109 %
*108%
109%
*108 ¥4
10%
10%
10%
10%
10%
10%
10%
10%
10%
10 34
37%
*36 %
37%
*36 %
37%
*36%
37%
37%
38
*37 ¥4
*115%
118
♦115%
118
*115
118
^ For footnotes see page-1675.
*115
118
*115
118
353/4
39 %
109
¥4
10%;
38 ¥2
118
5%%
110
,
Corp,
300
Oil
Bath Iron
3,800
-
preferred
Barnsdall
12,800
'
*35%
Barber Asphalt
17% Mar
6
No par
Barker Brothers—;
600
52 ¥2
22%
19 %
36%
preferred—
& Aroostook—
Conv 5%
preferred
Bangor
22
31
,*
300
160.
Inc
Creamery
$4.25 preferred
1,300
Beech
Aircraft
30
Beech
Creek
Corp
RR
Beech-Nut Paoking Co
12% Jan 24
Mar 27
"'66
6
313/4 Mar
IS3/* Apr
72
Mar
10
-
26%
Apr
5%' Jan
-
%
9%
9 ¥•
Jan
Dec
133/4
Dec
14¥»
Jan
Dec
23%
•
Dec
'
60 '
1
Jan
68 V2
Dec
30% Jan
2
39% Feb
28
21%
Apr
23 ¥s
17 ¥2 Jan
3
24
Feb
16
12
Jan
18
July
52% Feb
21
43
Jan .1
53
Aug
Feb
28
14%
50% Jan
9
Dec
5"
No
16 ¥8 Jan
2
Sep
183/, Mar
1
Co—.
Works Corp
Bayuk Cigars
Beatrice
50
-
18
19
Jan
19 ¥2 Jan
v
*22%
21%
*353%
4%
11,700
30 ¥4 Feb
ri%
100
50
100
10.
Baldwin Loco Works ▼ t c
22
100
27%
*66
1
51
Mar
Aug*
'
.
«
1
2
.
conv
6%
200
92%
6 ¥4
3 ¥2
27
Feb
Mining—
Co Inc
W I
Atlantic
4,100
5%
-6
600
13
1834
¥2
5%
673/4
20
*91%
5%
600
12%
18¥4
18%
5%
Atlas
*18%
18
18%
5%
2,900
13
12
18 %
16
20
20
12
53,4
4%
12%
20
12
92 ¥2
%
673/4
350
*18%
20
Jan
6% Feb
Apr
Feb
Coast
&
5%
200
10,400
118
11%
G
110%
*116%
92
,
34
117
92
113/4
Atl
800
56
110%
57
Dec
Jan
preferred
Atlantic
12,400
*
34%
34 %
110%
15%
36%:
79%
3334
34%
40 ¥2
9
preferred
5%
1,000
69 ¥2
¥4
110%
34
Apr
,
443/8
Corp
Atch Topeka
22,700
109 ¥4
67
36
Dec
33
Mar 15
40
1st
5%
92%
36%
943/4
20
Assoc Investment Co
109 ¥2
90
34%
¥2
■
53
109%
90
111 ¥4
15
240
88
'67%
25%
68 % Jan
Dry Goods——
1
preferred
100
-1% '2d preferred
i—_—100
6%
120
115
120
53
3
47
Jan
Jan
44
24
Jan
15%
59
1
Associated
115%
38% Jan
13
13
'
21
120
*
Mar
5
Jun
102
Jan
68
13
25 ¥4 Apr
965/a Apr
20% Jan
20
Constable
Arnold
800
133/4
1013/a Apr
Jan
96
91
Dec
Mar
5% Mar
Oct
1%
5
Feb
preferred
Cork
13%
¥4
15%
r
4 Va Mar
Dec
72
Armstrong
11
111 ¥4
111
1%
¥
90
r 1,700
Aug
78 ¥4 Feb
$6 conv prior
11
*36%
79%
114
45
21%
120
*
114
453/4
Jan
2¥a Jan
100
Co
4%
22
Wks
&
Dec
2 ¥4 Mar
22
Daniels
Armour
36¥4
543/4 Jan
Woolen—
13
*10%
122
¥■
114
45%
13
10 3/4
jl8%
j
73/8
13
66
Archer
100%
67 ¥2
15%
900
55
107 ¥4
Sep
29
103/4 Jan
27
No par
No par
Tobacco
oopper
Feb
21 ¥4
11%
——
W Paper
P
Dec
101 ¥2
60 ¥2 Jan
preferred
A
7%
113
44
$4
Aiiaes
200
106%
36
111
"i0
•
;
7%
36
110%
543/4
543/4
5
106%
65 ¥4
33¥4
33 ¥2
33
*4%
7%
36%
110%
110%
1074
a
5
106%
66 ¥4
79
543/4
*
lo%
7 ¥4
65 Vs
36%
54%
,
107 ¥2
*35%
66
*35 ¥4
114
114%
*45 ¥b
*4%
54%
53 ¥2
43/4
\'tn%
7%
118
*1073/4
109%
86
86
4%
5
1j%
*106 ¥4
7 ¥4
114%
-
*4%
53%
107
117%
117
>
*
*12%
13 ¥2
Aug
2
Anchor Hock Glass Corp
¥ ,«5 div nreferred-
112%
110%
13%
*13
Nov
15
20 3/a
Jan
14
2% Jan
Anaconda Wire
4,400
,
131 Va
Mar
Jan
Anaconda Copper Mining
20,200
41
Feb
10 ¥4
Mar 29
2
$5 prior conv
100
108 ¥2
12
Apr
Amer Zinc Lead & Smelt
4,400
•
12
8
Preferred—
1,000
Apr
173/s Apr
21
No
preferred
American
4,800
115% July
23
preferred
1st
128
27% July
Nov
5
Viscose Corp
Water
$6
100
ioy4
<
Am
149,100
9
Jan
107
20
Type Foundries Inc
5%
600
105 ¥4
10
1073/4
1073/4
5%
66
10 3/8
American
119 ¥2
*104%
10
6,800
:
112 ¥2 Mar
23
19
15 ¥2 Feb
preferred
Amer
par
1
Feb
31 ¥4 Mar
3434 Mar
Tobacco
6,500
119
14
Telep & Teleg Co
6%
750
.
3
41% Jan
Common class
4,700
;
143/4
113/8
*1043/4
9%
5%
*
11%
<9%
.
153%
105 y4
107 ¥4
9%,
72
153 y«
2
Jan
4% Feb
preferred
Sumatra
70 ¥2
'
71 ¥4
153%
Am
400
Jan
No
Foundries
Preferred
100
^
;
Dec
27
110
par
American Sugar
700
July
993/4
2
Co———No
Stove
American
2,100
,
162 3/a
70
70 ¥4
32 ¥2
152'/4
'
>
134%
*32
163
683/4
26%'
48
42 3/s
Jan
3% Jan
———
Steel
Nov
Apr
68%
par
—100
American Stores
1,100
183 ¥2
33 ¥a
1
Mar 21
107
100
,
non-cum
Amer
12.300
31
26 ¥2
.
6%
20
Jan
19
Mar
8
15
No
Safety Razor
Seating Co
Preferred
~
170 ¥a
45% Feb
20
Jan
27
American Snuff
800
22 ¥2
48
263/8
*48%
"I
■
194
Jan
—J00
Ship Building Co
Smelting & Refg
Arner
370
161
22
31 ¥4
'
Amer
310
18,900
V
43
163
70
47
43
30 5/8
21 ¥2
•
353/8
45 ¥4
158
31
253/8
American
5
39
96
36 ¥2 Feb
No
—
conv
183% Jan
109% Jan
Rolling Mill
American
1,000
43
158
21 ¥4
48
2,700
168
¥2
30%
■;
21 ¥4
4%%
168
70
162%,
-
70 Va
^
160 ¥2
1,880
168
32
*132%
32%
*32
162%
25%
^
32%
*134 ¥2
-
42
4
22
35
463/4
203/4
30 ¥2
*21
25%
47 -
■•'■■■
*157 ¥2
160
30
48
24
*47
423/4
46
1673/4
Preferred
American
95 ¥2 July
——1
.—50
Am Rad <te Stand San'y
20
12,300
Mar
Light,———No par
—No par
preferred
preferred
24%
*21
35%
35
46
1653/4
30
24 ¥2
24
$5
36,300
8 5 ¥2
23%
44 ¥2
*20 ¥2
8 4 ¥2
21
165 ¥2
*1563/4
86 ¥4
23%
$6
8.300
82
Apr
No par
Ltd
News
Amer Power &
: 5,400
13
50
Metais—
&
preferred
American
56,400
'
18 Vs
21
44 ¥4
!
180
17 ¥a
21%
165 ¥2
:
13 ¥2
13
18%"
23%
510
68 ¥2
84%
;
i
Mach
6%
98
5
—
Amer Metals Co
10
74
180
181
'
r
10
I
Fdv Co
&
89 ¥2 Feb
Oct
24
Co of. Ill
preferred
Mach
Amer
2,100
c
5 ¥4
71 ¥1
66 ¥2
173/4
23 ¥2
35 ¥4
r"
13%
*180
*21V4
21%
*21
12%,
13
179
179
180
*179
28
4%"'
45/B
71
65 Va
4%
12%
27 ¥2
28
*133
1%
Amer
July
30 ¥4 Jan
Leather
5% conv preferred
American Locomotive
11,000
23%
23 ¥4
"
14
106 ¥2 Feb
¥
■7,400
'3,500
110
110
110 3/4
23 ¥4
28
135
1363/4
/
135
27%
273/4
*135
110 ¥2
?-
1,100
18,900
32%
May
—10
preferred
Corp
Amer
33 ¥4
49%
32 ¥2
8
20
No
American Invest
49%
49
32%,
12
3
Products—
1,200
32
49
32%
13% Jan
No par
No par
No par
Ice
Internat
Sep
11 ¥4 Mar 26
130
100
1
22
preferred
conv
6%non-cum
300
78
*75
49%
49
110%
American
8%
49 V:.
22%
1,600
8%
32%
1103/4
•
10%
31 ¥4
22%
8¥a
6%
8%
48%
*110%,
American Home
9%
32 Va
&
2,200
10%
*8¥a
8%
:'
79
*75
10
8
Hide
American
133
18¥a Jan
American Hawaiian SS Co
48
74%
Power-
preferred
1,300
Apr
1
No par
1
No par
Tiling
$6 preferred
700
A
Encaustic
$7 2d preferred A
2,800
126 ¥2
100
Export Lines Inc
743/8
*45
74%
$7
2,700
8
135
20
13% Jan
stamped
Co
Amer & Foreign
30,300
,'
5%
53/8
48
X74%
22%
12'/a
41%
74%
110 3/4
27 Va
96%
5%
5%
110 ¥a
22%
25 %
96
101
Jan
Feb
10
European Sees
American
11,900
101%
23%
96
41%
22 ¥2
*
101%
24%
94%
8 ¥4
74%
4
23%
101
,
.
48
*45
73%
8
76
*5%
53,4
48
Amer
Jun
46
4
Jan
10
preferred
American
2,400
900
No
Distilling
'4,000
313/4
3%
1st
Amer
8,900
14
31%
6%
-
50
/
4%
13%
100%
8¥a
Colortype Co
Crystal Sugar
31%
99%
5%
American
13%
23%
73%
Chicle
American
31%
94 %
*45
American
13%
23%
5%
4%
4%
4%
4%
540
34
19%
Jan
Mar 21
100
No
Inc
preferred
700
*30%
13%
31
Cable
&
conv
1,400
109%
32%
333/8
483/4
313/4
110%
32%
33%
Chain
Dec
Jan
X41
par
No par
100
Fdy
preferred
non-cum
5%
160
&
203/4
Va
;
Can
17%
20
108%
Am
2,300
128
*17
20%
99%
8 Va
32
*109 ¥4
■-
*48
49
16%
22 %
74
29%
115
128
128
127%
127
114
1%
1,500
103
72 ¥2
73/4
¥ 37 ¥4
25
No
V
Radio Corp
Car
Jan
7
100
Co
preferred
Cable &
American
/
17
1
Corp
Shoe
Preferred
.
4,900
6
110a/4 July
47 ¥4 Feb
50
Bosch
American
2,900
44%
283/4
29%
116
20%
98%
8%'
8%
29
*114
22%
9%,
49
29
102%
103
102%
103
5 ¥4%
■| 290
43%
99
9%
31 ¥2
1923/4
44%
3%
9 ¥2 >
9 ¥2
'
98
95%
193%
433/4
preferred
Brake
Amer
14,800
194
96
95%
1933/a
115
28%
12%
443/a
6%
10
134
95%
3%<
47
*45
12
193%
42
5%
5%
47
*132
12%
16%
4%
3%
73%
102%
29
13
*5%
43%
102%
*30
73%
-
43%
20%
12%
*45
V
193
i
133%
12
12
95
j
'
*132
133%
11
193
32%
31%
42
21 % Mar
19%
44%
*132
60
75
24
18%
44
132%
Dec
23 ¥a July
30
19%
44
43%'
Jan
45 ¥2
Apr
16% Jan
19 %
43%
43%
31 ¥2
Dec
16
69¥a Jan
72%
350
May
40
19
19%
74%
26
12
28 ¥4 Feb
73
74
Mar
50% Apr
18%
73%
Mar
31
73
Nov
28%
2
18%
Dec
423/4
Jan
Dec
82
24
74
4 ¥4
20
24
28
Jan
2
24 ¥4
21
Jan
Not®—,
Apr
Feb
203/4 Jan
Bank
July
118
Apr
173/a
Feb
42 ¥4 Jan
American
40% July
49
2.
10
2,600
;
105
Dec
July
103
126
2
43% Jan
Corp
No par
Agricultural Chemical_No par
Airlines (new)
5
25%
12%
*92%
1
50
preferred
27
6
107 ¥2 Jan
25%
*30%
42%
23
Petroleum
25%
12%
93%
6% conv
253/4
31%
*42
1,200
Amerada
25%
123/4
*92%
Amalgam Leather Co Inc
24%
*3034
213/4
X118
No
1,000
4%
45%.
118
>
25
*
*107
4%
1
Amer
126
32%
57/8 Mar
Mfg
American
126
20 %
6
1,300
*16%
108 %
3¥a Jan
7,600
126
20'/a
10
50%
115
108%
8
Feb
28%
1143/4
20%
122 ¥2 Mar
19
48
114%
108%
20 %
*107
2
Jan
28%
*28%
16%
113 ¥2 Jan
29%
43%
125%
100
No par
conv
503/4
28 3/4
16 3/4
17
*43
118
117
1153/4
4%
4%
45%
*43
1.200
50
101
125%
125%
*16%
115%
114%
28%
28%
*28%
4% V,
4%
45%
preferred
4%
600
.
29%
193
101
25%
50
93%
193%
43%
44
118%
*24%
463/4 Mar
30
11%
93%
193%
4334
*117%
25%
2
483/4
132%
193 %
118%
25%
Apr
38 Va Jan
*29%
43
11%
118%
118 %
33 ¥s
100
par
preferred
Allls-Chalmers
share
223/4
Jan
Alpha Portland Cem
10.400
48%
18%
134
45
29%
*73
18%
44
*43
11%
11%
24%
4%
*43
115
102
44%
44
Corp
Highest
$ per
Jan
24
20
29
J 24%
74
*73
134
..
*101%
443/i
101%
14 ¥2
96 ¥4
25 ¥2 Apr
20 Va Jan
100 ¥2 Feb
5%
48
\
■
24
45
*42115
115
29
47%
115%
118%
4%
4%
4%
*41'/a
4%
*4%
*42
101 %
103
44%
24%
*101%
103
43%
13
102% Mar 26
No par
Allied Stores
200
1944
S per share
$ per share
S per share
Par
'/'•
26,100
25%
24%
25%
24%
25
Shares
t per share
I per share
share
Year
Lowest
Highest
Lowest
EXCHANGE
the Week
Apr. 13
Apr. 12
Apr. 1L
Range Since January 1
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
Apr. 10
Apr. i>
Apr. 7
Range for Previous
STOCKS
HIGH SALE PRICES
Tuesday
Salotday
'
Monday, April 16, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
1666
18 ¥a Jan
22
22¥a Mar
7
143/4 Aug
19% Dec
par
32 ¥2 Jan
19
37 ¥2 Feb
8
25%
Feb
34 V2 Nov
36
Jan
23
41% Feb
19
108
Jan
4
10 ¥4 Apr
6
23
No par
1
50
36
20
114
25
Jan
11
14% Jan
2
110
Mar
17
38
Jan
19
Jan
20
118
Jan
3
Dec
Jan
38
105 ¥2
Jun
111
73/4
Jun
143% Dec
Jan
38
my* Jun
121
31
i
31
Oct
Dec
•
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
.Volume 161
RECORD
NEW YORK STOCK
L
Saturday
Apr.
Wednesday
Tuesday
Monday
Apr. 11
Apr. 10
Apr. 9
Thursday
$
share
*12%.
12%
$ per share
12%
share
per
12%
12%
13%
13%
13%
49V4
49 ft
13%
49%
23%
23%
*55
56
*47 ft
48
23
18
18%
72%
72%
,."r
136 Va
>
49
136%
72
17%'
<
72%
135 ft
12%
14 Va
13%
14
50 ft
51ft
23%
50
17%
18
73'A'
75 ft
73 ft
:w-
135V2
55 ft
25
25
13%
13
13%
I3V2
13 ft
13%
14
14%
14
14 ft
21%
*21 'ft
21%
*21 %
21%
21%
21%
20
*19%
20 ft
21
21
135
55%
24%
18 %
18%
55
55 ft
*96 ft
55%
97
*52 ft
53 ft
45 ft
*119'A
56
56
98
99
*97
54 ft
*52
56
98
98
52%
53
45%
*119 ft
'
(Del)———No par
65
Jan
2
7 7 Va Mar
7
56 V*
Jan
127
2
139ft Mar
7
115%
Feb
23
57 ft Mar
19
37%
Feb
51ft
Oct
2
27% Mar
8
16ft
Jan
25 Va
Aug
13ft Jan 22
15% Feb
14
7%
Jan
15
Dec
22 ft
Dec
.
120
*119%
121
Bohn
Bon
46
Bond
1,100-
35%
36
35%
36
35 ft
36
5,000
Borden Co
38 ft'V
37 7'a
38%
38%
39
39%
39%
39
39%
6,700
Borg-Warner
*51/4
5%
*5 ft
5%
48
*47
48
*46%
£7
5%
5%
*51/2
5%
47
100
>•
47
18ft
18 ft
*50 >/4
51
18%
18 !4
18 ft
19%
51
51
*50y4
51
*50>/4
51
18%
18%
18 ft
19
51
"
r
*50%
Bower
39
11
111/8
lift
ft
11%
<
53 ft
lift
41%
■
*41
38%
52
38%
41
41
51ft
51ft
38%
42
38y2
*41
42
*51%
51 'ft
51ft
26%
265„
491/8
481ft
481/4
*48%
49%
26 %
26%
27
27
13 ft
13%
131/4
13 ft
*48 ft
*121%
*121% 122
1221/2
10%
10 ft
13 ft
78%
27%
48%
48%
*48 ft
10%
11
78%
78%
79
12%
12ft
12%
12ft
12%
24%
24%
24 y8
24%
24 7
a
*24%
21%
*211/4
21%
21 ft-
21%
21%
22%
57 ft
57 ft
57 ft
57%
57%
57
58
20%
20%
20%
20%
*107ft. 111%
*107ift
111%
141ft
141/4
141/4
14%
14%
7ft
7'ft
7%
7%
7%
20%
*82
83 ft
64'ft
15%
*107
3ft
*107
64
63 ft
17%
17 ft
17 ft
96
96
96
31
55
»':•
1
lft
54%
22 ft
22
ft
221/2
221/z
22%
22%
23%
33%
33%
34%
34'/2
34%
-34ft
34%
118ft
120
118ft
1181/2
50
*47ft
50
12%
12
*1181/2
'
•/;■'* 471/2
12 ft
ft
49
49%
49%
54
%
32%
25 ft
26
37 ft
371ft
37%
168 V2
168%
47
105%
132 ft
15%
133
X20
20%
133 ft
15%
15%
20
20%
•
33%
26 ft
27ft
'
20%
'4
i
/
'
8,500
20
20
20
20%
21%
20%
;
5%
5%
*5%
5ft
5%
5ft
*1121/4
112%
*112%
112%
112%
112%
10%
5%
2,400
251/s
11'ft
*24%
251/4
*llft
351/2
35 ft
35 ft
"
8
8 i
*22 ft
!
31ft
113
*112
a
8%
8ft
8%
*145
148
*145
23
23
*23
23 ft
23%
31
31%
31 y8
y;3iLy;:
1121/4 112ft
32
*31
31
112
112
451/4
45'/4
*46
15
*14%
45
*44 %
15
*14%
15
15
49%
50
49%
501/4
6ft
6ft
61/4
6%
6ft
17!4
17 ft
6%
-
6%
6ft
*24%
30 ft
30%
'611/4
61ft
6%
6%
6%
6%
18%
18%
6%
2,700
25
25%.
1,600
6ft
6%
6ft
6%
25%
25%
25 ft
25%
181/8
18%
6%
30
31
31
31ft
31
31ft
30%
31%
61ft
61ft
62
62
62%
61ft
62%
60 ft
62
20 Va
20%
20%
20%
207/a
21
20%
22%
1,600'
24 ft
24 ft
24%
25
25
25%,
25 ft
25.%
25 ft
1,500
52 ft
52 ft
*51 ft
53ft
100
18,500
*52
54 ft
*52
53
*51%
53
58
*57%
58
58
58
*58
58%
*58
58%
*58
58%
16%
*16
16%
16 ft
16 ft
*16%
16%
*16 ft
16 7/s
*16 ft
16%
100
*16%
17 ft
17 ft
17 ft
17ft
17ft
*61/4
6%
6%
6%
6%
6%
,
90
*16
54 ft
*52
57%
16%
6%
*32
33
*32
*17
16%
6%
\
6%
*32
33
33
33
98%
98%
98
98%
97%
99%
99%
22
22
22
22%
*22%
36 ft
36 ft
36 ft
36 ft
*101
101%
*101
.11%
53!
*11%
11%
53
98
54
*
185
96
12
54%
*180
ft
101%
12%
55
185
38
*101
97%
111ft
1111/4
:
12%
13 ft
111
100%
22%
22%
37 --
37
*36 %
13
ft
*1081/4
109
*97»/2
98
*561/4
*56
ft
*971/2
*56'ft
38
38%
39 ft
*108 ft
60
ft
38
38 ft
*38 ft
98
*97*/2
ft
47
109 ;
♦108'A
60
38 ft
47
*46
47
'
38%
'
38 'ft
*39
*141
47
46%
109
98
*108%
ft
60
38'%
39 ft
*140
1411/2
140
142
*133
135
132 ft
132 ft
133%
133%
63 ft
*631/2
64%
63
64 ft
*63 ft
33
ft
-
1051/2'
37%
32%
105 ft
37 ft
37%
113
*110
32 ft
*104%
33%
ft
105 ft
-
_
37 ft
112
*110
32%
*104%
37%
*110
*56 ft
381/4
39 ft
*141
46%
109
98 ft
60
38%
55
40
33
105 ft
97
*110 ft
111
..v,:
37%
112
99
*
*56 ft
38%
39 ft
,*63 ft
64%
*
*63 ft
-
112
33
105%
39%
*
38 ft
391/2*'
39
*142
-
64%
63 ft
63ft
39%
39
♦110ft
2,500
34
40
,
25%
25
25
25 ft
26
25 ft
26%
26%
20
26
34 ft
34 ft
341/4
35%
34 ft
35%
*34 ft
35
33
35
31ft
32 ft
32
32
3iy2
32
32
32
32ft
30y2
30 ft
*29 ft
31
30 ft
30 ft
30 ft
30 ft
For
footnotes
see
page
1675.
*29%
30 ft
*29%
2%
12 ft
21
20
20
Apr
26%
24%
Jan
-
30% July
3
53%
Feb
-
57
%
Jan
Feb
6
23
15 Va
24% Feb- 6
24
'Feb
36
-
14
30 ft
.
.
4%
118ft Mar 17
8
47
Jan
4
10%
Jan
23
48 ft Jan
2
11
Jan
5.
52'
,
Mar 26
116% Jan
33%
Jan 5
150
*
4%
47ft
Dec
49% Jan
13
14
Feb
19
8%
Jan
12% July
52
Feb
19
42%
Apr
51ft July
15% Feb
-
20
6%
1
43ft
Jan
97
Jan
55 ft Mar
126% Apr
2
13
Feb
lift
Dec
54 ft
*
Dec
119
Dec
27ft
Jun
18%
Oct
56ft Nov
—1
-5% Jan
2
7 ft Feb
19
35% Jan
26
40% Feb
1
Jan
3
47% Jan
22
No par
No par
37 Va Jan
15
49 ft Apr
13
31%
Apr
105% Jan
5
107 ft Feb
6
96%
Jun
106
Dec
Jan «
129 ft
Nov
15 Va
Jun
19 ft
July
July
X61%
152
35 ft Mar
*
169
6
Apr
v
17ft Mar
Nov
2%
23
114
Sep
12
8ft
Apr
15
Mar
30
Jan
18
20%
Apr
28% Nov
13
Mar
7
22
Jan
24
Jan
2
*
1
Jan
8,
21% Mar 28
153ft Feb
28
28 ft Jan
x35% Feb
.129
'
41
ft
15 ft Feb
9
Jan
11
14 Vb
Dec
Apr
50%
Dec
5%
18% Mar
•11%
4ft
7% Jan
-18
Corp
Jan;
25% Mar
Apr
30% Nov
43ft
Sep
65 Va
Feb *
21%
16 Vb
Jan
21% July
54'A Mar
Jan
38%
Jan
49 ft
47
Jan
13
Jan '
58
Jan
-
ft Mar 26
18
Feb
23
-14% May
1% Jan
18ft Feb 23
Jan
8% Feb
19
36 Va Jan
18
24
19
77%
91% Jan
24
104% Feb
20% J an
2
23ft Jan
31
Jan
2
98
Jan
2
15
xl3ft Apr
27
Jan
2
170
Feb
Jan
26
Mar
non-cum
98ft
Jan
'
Jun
Oct
July
Jun
25 Va July
31%
Dec
96 ft
Oct
13
10%
Jan
1
35%
Feb
51
Dec
Jan
185
Jun
90
Jun
148
Nov *
12
10
76
Jan
114ft Feb 27
110
Nov
115ft
Apr
45 Va
109% Jan
2
Jan
22
50
Mar
5
107 ft Jan 24
109
Jan
15
106
Apr 12
92
•
37 ft
„
Jan
Jun
Mar
109
Jan
Jun
96
Aug
"
99.
Nov
July
Jan
,
Apr
185
Dec
Nov
6%
95
'97ft Apr
20
89
60
6%
30
Feb
25% Nov :
13
•
9% Jan
19 ft
May
14%
.
43 ft Jan 18
*
103ft Feb
57
17 Va
-
July
50
93 ft Jan
3
50
53 ft Jan
17
—No par
No par
100
No par
34% Jan
35% Jan
140
Apr
9
150
Jan
30
145
Feb
152
132
Apr
2
140% Jan
3
111
Feb
146 Va July
gtd
par
No par
No par
100
No par
100
preferred—100
2nd preferred—100
1st
7% Mar
Jan
15%
Mar
23
4% Jan
29% Jan
44
18% Mar
Jan 1
27% Mar
63% Mar
1
15 ft Jan
:
9Va Mar
Sep
21ft
32% Mar
2
49
Feb
44
27% Mar*
22
22
16
Jan
7% Jan
*
114ft July
46% July
27%
54% Mar
22,
19% Jan
54
Jan
5
19 ft Jan
49
Deo
108
Jan
54% aJn 22
y
Dec
31ft
17
22
24
Nov
23
20
25% Jan
May
57 ;
Dec
Jan
134
52 ft Feb
5% Jan
50
Jun
Jan
115ft Jan
22
9
37J/2
-
Apr
3
15 ft Jan
Apr
23
13
No par
Feb
'17ft
7
Mar
6 Vb Mar 26
Jan
20
Mar
Jan
Xlllft
14
25
3
12 V2
7ft
4%
•
Oft Mar
Jan
30 ft
38% Feb 23
47% Mar 27
No par
Southern
non-cum
4% July
14% Jan
—25
No
preferred
;
115ft Feb
7
107
23
Jan
Jan
13
10% Jan
100
A
Jan
19
July
16
Mar 26
33
No par
No par
1
100
Louis Ry. Co
(The)
54
40 Va
Oct
Dec
10% Apr
25
No par
——-No par
100
7%
152 Va
Deo
Mar
109 ft Jan
100
No par
—100
5
5
39
Jan
17'
V
14
Dec
5%
-
-
Apr
11
Deo
65
Jan
113
1
6ft Feb
33 Va
22%
*
143ft July
44ft Jan
11
139% Feb 23
14% Jan
4-*
33
52% Mar 19
Jan
127
-—5
Pitts RR Co
&
35 ft Dec
,
"
!
25
5
Colo Fuel & Iron
2,380
Dec
21% July
Jan i
20
preferred
Colorado
940
,
7%
23ft 'Feb
■
Nov
lft Jun
May:
20
—No par
100
—100
El Ilium $4.50 pfd——No par
Graph Bronze Co (The)
1
conv
Sep
73 ft Feb
Corp.
Co
Dec
6
9
Mar 26
113% Feb
Deo
Feb 23
.2
'
Jan
July
55% Jan
4
31V
Feb
s
,
33% Mar
fc
2
20
3%
25
Jan
96
Apr
67 ft
17%
Apr
6
28
3
Jan
.4ft Feb 23
20% Mar
.,
22
29% Feb
Co
Colgate-Palmollve-Peet
.$4.25 preferred
5%
3,900
26%
34%
ft
Jan
6% Apr
—40
Collins & Alkman
1,000
40
114
331/4
.
80
105ft
32 ft
32
Dec
I
62 ft Jan
52 ft Mar
53%
2
40% Mar
6
30% May
38 ft Mar
5
40% Mar
6
34V2
39 ft July
2
65
Jan
22
2
34% Jan
8
104 ft Mar 21
108% Feb
19
31V8 Feb
34% Jan
111
Jan
23% Jan
Oct
56 ft Mar 31
Apr
2
29
67 ft
Jan
3~3~ft
Dec
103% Mar
108ft
Jun
23
23 ft
38
Sep
116
Dec
6
Jan
9
109%
Feb
29ft Mar
6
14%
Apr
40% Mar
11%
Jun
Apr
25%
115
July
59 ft July
Coca-Cola International Corp No par
34 ft
25%
15%
101ft Feb
2
Jan 22
1% Jan
preferred
Class
*1000
114
Jan
Dec
Dec
15
A
Coca-Cola
100
32%
,3% Jan
53
—No par
Preferred
.
700
105ft
-39%
70
134 ft
33%
17
109
9%
—No par
Special gtd 4% stock
Molybdenum
Cluett Peabody & Co
1,400
146
Dec
8%
7
6
6
92
10
50
—
Climax
'3,400
..
70ft
8
Mar;
83
Apr
3
Mar
Jan
43 ft
16
72% Jan
>
22
prior preferred
Clev &
60
38%
133ft
135
5%
20
105ft
*110%
Clev
70
33 ft
39
700
47%'
Clev
99
*104%
112
1201
110ft
109
*56 ft
60
39%
*1000
32%
47%
5%
Jun
Jan
Jan
Products—
O. c. c; & St.
10
40
*98
99
143
143
135
110ft
•z
109
109
109
146
39
47ft'
47ft
134 ft
*104%
1,200'
185
*94
Dec
15%
■
ft Jan
4
54
82 ft Jan
15,
100
preferred
City Stores
:
Clark Equipment
4,700
55
*175
134%
*1000
*1000
*1000
1000
146
*97 ft
13ft
97
preferred
Copper
Dec
111%
'J2
Feb *23
26
Feb
14% Jan
No par
5 ft %,
101%
56
~
*45
*101
185
*97 ft
30
3
107% Apr
100
City Investing Co
160
37 ft
xl3
101%
Apr
Dec
25
City Ice & Fuel—.
1,000
22%,
107f
Dec
49 %
•
Jun
20%
;
Mar 26
Corp——
Chrysler
20,600
102ft
56
97
*1101/2
101%
Jan
59% Mar 27
par
preferred—«—
—50
Chicago & Northwest'n w i„No par
5% preferred wi
■—100
Chicago Mail Order Co„
5
Chicago Pneumat Tool——No par
$3 conv preferred
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
—No par
Chlckasha Cotton Oil
10
IChllds Co
——No par
Chile
100
32
185
185
97
31ft
12%
-
56
*180
32%
*101
101%
*55
'
971/4
*1111/4 112
112
112
ft
*931/4
185
*93ft
12
*175
53 '/a
a
*175
*101
101%
38
2,600
22%
22%
^
400
6%
101
101%
22%
37 ft
17 ft
*32
33
*21 ft
*36 ft
7
17ft
6%
17 ft
May
Dec
11%
22 ft
Sep s
31'
6
9% Jan
78
5%
8,300
20 ft
24 ft
25
30 ft
ft
16
2
7% Mar 28
A—1
10
Chicago Great West RR Co
'
20 ft
.'
111ft
27
27 ft Jan
2d preferred
Class
-
Jan
16%
.
77 ft
Jan
Chic & East 111 RR Co
2,200
10,300
251/4
>
60%
21
*24%
■
■"
25
27,800
\
Dec
July
21
Chesapeake Corp of Va.—
Chesapeake & Ohio Ry
400
15
49%
29%
-
*20y2
14%
6%
17%
6%
6%
24%
500
Apr
17
Dec
12 ft
-
32
Champion Pap & Fib Co
6% preferred
Checker Cab Mfg
400
18%
6ft
6%
1,800
47
49
18%
6%
18
:>
15%
49%
*
6ft
24%.
47
13% Jan
5
Chain Belt Co
500
113ft
*113
24%
18
32
Mar
110
por
*
Dec
22% Mar 19
22% Mar 26
Co
Certain-teed
100
50
*15
15%
50%
31%
48
48
48
50
31%
1
6
,
Jan
Dec
25%
47 ft
19
Oct
49 Va
Jan
19
27% Feb
20% Apr
:—
Century Ribbon Mills
Cerro de Pasco Copper
39,600
24 ft
24
113
9
149
23%
112%
*112% 113
49%
451/4
150
145
147
*145
14% Feb
3
Mar
Co_.
1,200
36%
8ft
2
July
53 ft
7%
Jan
61
50
22'A July
-
5%
-
83% Mar* 6
24
ICent RR of New Jersey
Central Violeta Sugar Co
11%
36
11
47 ft Jan
class
2,800 \
261/4
*11%
36%
23
15
-16%
26%
11%
147
49%
*44ft
25%
36%
*22'/4
23
*30 »/4
8ft-
8
25 ft
*11%
26
36
145 ft
150
*146
*lli/4
35 ft
8
8ft
8
25 ft
lift
35 ft
lift
36%
251/4
*11 ft
129
12 ft Feb
2
Oct
14
Jan
ft Mar4 i
Central
40
10%
-v/"
Jan
Jan
.
116
5
2,300
5%
11%
,-■*
Jan
8ft
Jan *
20 ft Maris
112%
12
17%
16
15% Feb '14
125
24 Va Jan 10
5%
25%
Jan
2
4% Jan
11 »/4
361/4
39 %
Mar
18 ft Jan
*1121/4
*11%
Jan
20 ft Apr
5ft
25
Jan
14%
20
lift
11
40 ft
22 ft Jan
Ohio Ry—-100
preferred
I)
39
28 ft Feb
22
2
10
53
20
No par
112%
11
Oct
21% Aug
20
Foundry Co
1
Central 111 Lt 4J/2 % preferred—100
112%
11%
&
Jan
/->
Feb
Central Agulrre Assoc
*10%
11
Clinch
(J
Celotex
780
21
11%
*5
7% July
45
,
Feb
5,300
'201/4
112%
5»/a
"
Jan 1
47.
74% Jan
Ale—1
$4.75 1st preferred——
7%
300
*10%
■
;
2,300 1
*112 ft
5
Dec
41% July
53-
No par
Caterpillar Tractor
Celanese Corp of Amer
,
200
15%
20%
Jan
27
24
Preferred
6,200
106
136 ft
21 If:
20%
Case
230
15%
44% Aug
1
22
Carriers & General Corp-
?
"
5,000
136ft
12% July
Jan
Oct
34%
28ft Apr *13
17
10ft Jan.
50
Administration
preferred A
4ft %
1,300
2,000
491/2.
47
Jan
17
18% Jan
No
Carpenter Steel
Carrier Corp
51%
50%
$3
6,000'
171
*104%
Feb
8%
12ft Feb
12% Mar 27
100
Mills.
7001
'
:
15ft
135
15 ft
151/2
ft
106
134
134
"
48
48
*105%
40%
34 Va
No par
No par
(new)
Capital
*
15
No
Dry Ginger
Carolina
39
*168
V
52
51
51ft
48
15^2
172
*169
105%
134
■■
38 ft
Jan
41% Mar
120
Zinc-Lead
Cannon
.
30
68
12%
25
——.
390!
»
6ft'
6%
38%
13ft
54
X66%
6%
38'A
38 %r
169
105%
67 ft
*6%
6%
47
'V
67%
67
*20
20
v
20%
20%
20%
33%
27 'A
51
47%
15%
33%
26%
37%
105%
133
Xl5ft
20 ft y
20 ft
105'>4
*33ft
27
169
51
46%
*1051/4
47,
;
*132!'4
:•
50 ft
50%
50 ft
105'/4
33%
'
126%
6%
1681/2
46%
126%
66 ft
37 ft
50 ft
13 ft
*53 ft
-61/8
6%
168ft
371/2
170
*20
6%
13%
.
1,000
1,3001
,
53 ft
13
'
20
50
126 ft
•
-
Sep
4
ft Jan
51' Apr '12
23% Jan
par
.---5
$4.25 preferred
No par
Canada Southern Ry Co———100
Canadian! Pacilic Ry——1
25
17,600'
'
53 ft
13'/4
54
117
20
9
50
preferred—
Canada
50
.
12%'
*49
50%
■
48%
12%
126ft
66 ft
*66
66i/4
Va
6
118
.'48%
>
12%
33
32%
25%
661/4
2,200
//J
26%
32%
61/4
2,400-
35
,
1261/2
13%
126%
25%
661/4
49%
*53ft
53 ft
126
126
50
12ft
497/a
22%
34
118
119
*47 ft
12%
491/4
13
531/2
-
XI25% 125%
*118
50
12%
49%
*12%
13
'*53 ft
12 ft
22 ft
Jan
49% Jan
1
Calumet & Hecla Cons Copper—_5
Campbell W & C Fdy
—No par
10,300'
33%
5%
9,200
6%
32%
151/8
Callahan
1%
V
109% May
28% Jan
Jan
8
Packing:
California
6%
%
48
3%
Jan
—
Watch
3,800
50'
1%
25%
132 ft
55 ft
6%
32%
*1051/4
300'
'A..;
lft
»
Sep
Jan
37ft
45
preferred:
Byron Jackson Co
lft
*12%
45 ft
32%
*55
Dec
55 Va
33 ft
8
Mar
2
-Participating
170
6ft
13
50 ft
31
55 ft
3,100
lft
-
54 /-:■/.■
37 ft
23ft
31%
*
6%
25%
*167
23 ft
1,100
,
'
y
1%
*321/4
,
*54%
.
18%
97 ft
6 ft
126ft
6ft
23 ft
-
3ft
18
4 *96 ft
ft
•
100-
6ft
126 ft
•i 661/4
3ft
3ft
18%
97
4,900
1%
49%
*53 ft
16%
107%
—31%
31%
54%
20
430
1%
■12ft
*12 ft
31%
54%
84
65
16%
98
46ft Jan
9
x50
40'A Mar 27
—
6%
*46
--49%
31ft
1,500
,
65
107%
Apr
88 ft
16
7% Jan
5
10% Mar 27
preferred —
——i_100
Burroughs Adding Mach
No par
Bush
Terminal
1
1
preferred
i
—100
Bush Term Bldg 1% preferred—100
Butler Bros
10
4ft cfo preferred
—,——100
Butte Copper & Zinc—
S
Byers Co (A M)
—„—No par
8,600
;
Jun
2
37% Mar 27
5%
7%.
16%
Co—
Burlington Mills Corp
7,000
47
—
Co
Bulova
6%
50
12 ft
31
Bullard
1,200
14%
107%
23 ft
*54
Buffalo
900
-
Mfg
Wheel
Forge
Budd
1.000
,
17% Mar
—L—S
100
No par
No par
No par
——-—1
Co
preferred
8,300
*81
65%
18 "4
24
22%
-
1%
119'ft
*46
7%
97 ft
96
$5
118ft
•
22
*118 ft
14ft
7ft
52%
41% Mar'
26
-—No par
preferred
1%
Budd (E G)
111%
14%
82
-
221/4
61/2
22 ft
33% / 33%
14ft.
Jan
.
9
Jan
Bruns-Balke-Collender——No
920
,
;
45
12
21
Bucyrus-Erie
1 ft
:/■' 61/2
lft
6%
*54
*110
3ft
-
18%
*23 ft
21%
21%
ie%-
3%
3%
:
22
Nov
Apr
No par
Brown Shoe Co
7,000
,
58
*106%
18
v
96
56
65ft
-
108
96
17%
V
•
58
-5% Apr
Oct
19%
36% Apr
42% Jan 24
5
8,400
21ft
•*80
<-
-
22%
31%
55; /
311/4
31
*54
17 ft
*95
24
*231/4
24
*23 ft
*
3%
3ft
31/2
17 ft
96
21ft
7%
161/a
*106%
108%
*107
.
81ft
65
16
16
15%
108%
3ft
3ft
82
*62
16 i/s
15%
157/a
108%
*80
64
64
:
7%
82%
*82
64
22%
*
par
•_
2,400
y
13
*110
14%
yv ■ 7ft
811/2
7%
200
•
25
21%
21%
14%
14 ft
12%
25 /
--58
111%
*110
12%
!—No
Co_:
Brooklyn Union Gas—
7,800
-
78%
22 ft
-
;
lift
25
2
36 ft Mar
—.5
Co
& Stratton
Briggs
Bristol-Myers
10
25
(assented) _100
RR
3
Dec
Jun
47% Feb '24
120•
Jan
33ft Jan
Airways Inc
20C
14%
78%
114
5
;
56ft Jan
20
109
.
12%
9
8
' Apr'12
99
% Mar
93 ft Mar
61% Mar
43% Mar 27
100
la
Bearing
500
123
10%
79
>12%
12%
25
211/4
21%
111%
*110
14
*122
11
78%
78 i/a
*57
7,400-
-
27 ft
27%
14%
123
10%
/>
12%
.
13 ft
*122
78 ft
*21 ft
27 ft
27 ft
13%
12 ft
*
49%
10%
78 y8
4,100
1
28 ft
24%
78
51 ft
27%
123
*122
122
10%
42%
*51%
27 ft
27 ft
26%
13 ft
122
10%
10ft
27
13 ft
*42
52
49%
*48 ft
27
■v
42
*51 ft
27%
27
26%
/
27
39%
3
-.2.50
Brewing Corp. of America
-15
Bridgeport Brass Co——
No par
Briggs Manufacturing—No par
100
lift
39
51ft
*51
26%
*26%
11%
39 ft
42
39%
lift
39%
lift
38%
40%
11
19
1
Corp
Roller
Branlff
8,200
'
lift
38 ft
Feb
52 ft Apt
95
No par
.
Dec
'
/
19%.
2
(The)
& Maine
Boston
400
5%
46 Va
49ft Jan
4ft %■ preferred
-
20% Jan
22
Inc
Stores
6
130
Jan
14
7
22Va Mar*
110% Mar 12
17% Jan
z—No par
16
23% Mar*
26
18ft Jan 23
*—5
Brass,
-
35%
48
&
Ami' Co class A
35%
*46%
lift
Aluminum
20% Jan
Xl08ft Mar 26
5
Airplane Co_
Class B
,
200
46
preferred
7%
Boeing
70
47
Steel
Jan
200
'
•
*50%
Jan
36 ft
*5ft
5%
48
181/2
15%
Jan
1,800
981/a
54
120
-
119%
119%
561/4
ft
47
46
46
125
*53 ft
7
35%
37%
*5 ft
56
18ft
Oct
20'A July
66% Julv
19 ft Mar
.
Jan
10
5,500
»
41%
48
490
'
Jan
Mar 19
22
38
36
37%
•
45%
125
17 ft
98
*52 ft
45%
18%
112'/a
Jan
33%
51
23
300
„
-
211/4
*109%
7,700
56 ft
Blgelow-Sanf Carp Inc
700
-
21ft ,21 ft'
*20
21ft
112
18
56
56
*97
21%
14
18%
52%
56
97
53
*451/2
451/2
36
*47
55%
96i'2
13 ft
Dec
53% Nov
9
Black & Decker Mfg Co.
1,600
„
20%
Jan
-
1,200
y
;
Jan
17
v—,
Bethlehem
20,600
25%
18 Ve
18%
*52 ft
125
*119'A
18
18%
18%
109%
109%
112ft
*109%
21%
X21ft
*109%
56
25
Dec
24% Jan 30
100
No par
No par
Blaw-Knox Co
No par
Bliss & Laughlln Inc
5
Bloomlngdale Brothers—
No par
Blumenthal & Co preferred—100
•
135%"
55%
;
Jan
49%
8
136%
55 ft
15%
Jan
38 ft Feb
136 ft
136
1
Apr
17
X
Foods
July
10%
33ft
55ft Jan
76
13
1
8
—
$ per share
Jan
5
54% Feb
74ft
.
10 ft
16 Va Jan
12
Pr
Highest
per share
55% Mar
v
19% Jan
75ft
24%
II2V2
6
74%
54 Va
*109%
22
Best
57
111ft
56
Jan
per share
par
No
Loan
Indus
Beneiiclal
2,000-
13
47% Jan
5,100
25
*109%
Aviation
18%,.
25
<
x
8
Corp
Aircraft
18
*55
21
Bendix
1944
Lowest
13ft Feb 28
15
18
ft
17
55 ft
20 ft
Bell
8,000
$
12ft Jan
No par
Belding-Heminway
Year
Highest
$ per share
Par
.
2,800
25
•
1
V
25
19%
'
;
49
55V4
*21%
.•
Lowest
49
49
55%
ft-.
Range Since January 1
....
49
A-
25
•
:
2,300-
'
Range for Previous
STOCK
'EXCHANGE
500
-
'.
23%
*55ft
*24V2
55%
V
14
51
23%
STOCKS
YORK
NEW
pfd $2.50 div series *38_No par
Best & Co
No par
''
136
v
13%
56
*55!4
Shares
12%
50
■
23 ft
231/4
49%
17%
1351/2
135 ft
13
51
56
49 ft
$ per share'
share
*12%
*55ft
72
18%
12%
23 Va
56
49
$ per
13 Va
•
23%
*55ft
L
for
the Week
Apr. 13
50 Va
13%
50%
23
56
48
>/:
•
23 Va
*55
12 Va
12%
49%
13%
49
$ per share
Sales
Friday
Apr. 12
>y
"
$ per
•
•
,
Jan
26 ft
29 ft
Dec
Dec
28
Jan
2
36 V2 Jan
11
28
% Jan
2
35% Jan
11
12ft
Jan
30
Dec
11
13
Jan
27 Va
Dec
25% Jan
2
33
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
1668
Monday, April 16, 1945
NEW YORK STOCK RECORD
$ per
I per share
share
*35V4
36
35%
35%
•35%
36
35%
36
•34%
35%
*34%
35% >v*
35%
4%
4%
4%
36%
35%
4%
4%
„■/ 4%
4%
96%
97
87%
87%
98
97
98
.
v
97
•86%
97
•/':
98%
88%
88%
97%
22%
49%
41%
41%
41 %
41%
41%
41%
41%
•107%
108%
•107%
108%
*107%
108%
*107%
97%
98
23
23
700
49%
200
43%
4,000
•4034
46
46%
46%
46%
46%
16
16
16%
15%
16%
16%
%
42%
108%
47%
107%
47
48
16%
16%
46%
16%
u
%
\h
u
%
94%
29%
29%
94%
94%
95
94%
95%
95%
95%
95%
29%
30
29 7s
30 %
29%
30%
30%
30%
*23%
24
24%
24
24%
23%
24
28%
28%
29%
29%
29%
27%
104
•31
31%
*103%
28%
*32
31%
*3%
3%
104
26%
26%
26%
26%
27
26%
107%
107%
107%
107%
107%
108
107%
108
4%
4%
4%
•4%
4%
*4%
4%
4%
4%
5
'
•30
37%
30%
30%
31%
30
30%
13%
13%
14
13%
13%
37%
37
37%
36%
37
19%
19%
19%
19%
19%
18%
19%
27%
27
27
26%
27
27%
27%
20%
21
*29%
13%
37%
37
19
19
19%
19
x; 27%
27%
27%
27%
*27
20%
20%
20
20
20%
20%
19
20
20%
*20%
20%
20%
20%
51%
51%
51%
51%
52
*51
26%
112%
112
*111% 112%
9% ;ci0s;:
109%
;
109%
40
11
*10%
48%
40
10%
48%
49
10 %
10%
10%
31%
33%
33%
*32%
18%
18%
18%
49%
49%
18%
10%
11
11%
1,600
49%
3,600
10%
10%
10%
10%
10%
10%
23,200
Continental
32%
32%
33
33
33%
33
34
14,000
Continental
32%
33%
*34
*51%
18%
19
2,200
49%
49%
49%
510
13%
14
51%
51%
4%
4%
4%
4%
28%
28%
28%
29%
29%
29%
107%
107%
♦107%
108%
108%
108%
108
107%
27%
•26%
27%
27
32%
32%
32%
33
33%
41%
40%
49%
41
41%
41%
49%
50
50
21%
21%
21%
21%
oo
103%
103%
103%
103%
103%
103%
42%
42%
41%
42%
41%
42%
43%
96%
96%
96
28
28%
28%
16%
16%
97
-a:
28%
;
7" *16%
16%
*145%
150
*145%
28%
*145%
7 61
20
122
Dec
Dec
24
Jan
53%
108% Jan 24
8% Jan
29%
9%
150
108%
►106%
31%
31%
31%
10
10%
9%
62
5%
19%
19%
19%
20%
5%
20
125
400
*106%
10%
62
5%
2,300
31
108%
;3l7y7:
62
5%
30
31
130
5%
150
29%
*30%
29%
*125
61%
»145%
29
30%
130
61%
150
♦145%
29%
30%
128
32
1,600
10%
21,400
200
130
130
130
108%
62%
60%
5%
5%
5%
13,800
19%
19%
19%
•120
125
27
27
27%
27%
*13
13%
13%
13%
13
13
*24
253/8
•120
125
27%
20
10% Apr
13
7
13
Feb
53
Marl6
Jan
20
14
7%
32%
10
10
Dec
Mar
112% Aug
43 Vt
Feb
Jun
13 % Mar
May
41%
Jun
12% Mar
30% Jan 24
Oct
Dec
Nov
29%
105 Va May
Oct
Dec
112
Jan
Feb
49%
Dec
5>/8
Jan
9j/4
Dec
36
Mar
26%
Sep
33 Vb
Jan
Mar
24%
Apr
Aug
31%
Dec
12 V*
38%
Feb
48
29% Jan
2
37
16
Jan
2
20% Mar
47% Feb
5
50
Jan
__5
12% Jan
2
15 % Feb
10%
50
49% Jan
16
51% Apr
47
19% July
Jan
Dec
13% July
Mar
52
July
17% Mar 26
22% Jan
58% Jan
15%
Jan
25% July
52% Mar 27
44 %
Jan
57
Dec
58% Jan
2
63% Mar
52%
Apr
61%
Oct
xl82% Jan
4
195% Apr
173%
Apr
184% July
5
Jan
7y4 July
Bank
Trust
Corp
Co
Refining
—1
;
conv
6
Jan
2
3% Jan
2
4% Feb
1
1%
Jan
,__25
2 5% Jan
5
31% Feb
15
18%
Feb
preferred
—100
(The)
107
Crown Cork & Seal
No
Mar
2
Jan
6
2
28% Mar
5
20
Jan
25% July
38% Feb
6
13%
Jan
32
Dec
6
46% Mar
7
27% Feb
39
Aug
18
51% Mar
7
45
Jan
49% Aug
24
Mar
1
15%
Feb
22%
105
Feb
1
97%
Jan
28
Jan
par
37
Jan
47
Jan
20% Jan
22
-5
-No par
No par
preferred-—
103
Jan
35% Jan
5
87% Jan
Cunningham
100
preferred
No
Cushman's Sons Inc 7%
Cutler-Hammer Inc
Davega Stores Corp
Davison
pfd
105
Oct
Dec
Dec
37% Nov
101 % Mar
7
69
Jan
89%
Dec
30% Jan
8
20%
Jan
29%
Dec
19% Jan
8
11%
Feb
19 y8
Dec
145% Jan
23
9
Mar 26
23
4
Jan
31
Mar 26
32% Mar 15
33
Mar
6
108 % Jan
19
32
Apr 13
11% Jan 25
112
Jan
22%
22 y2
101
144
Dec
Jan
29% Mar
Jan
30%
Jan
Dec
109% NOV
5% Aug
97
Apr
n y8
Aug
122% Apr
6
135
Jan
59% Jan
16
63
Mar
5% Jan
22
6% Jan
3
4%
Jun
7% Nov
18% Jan
2
21% Mar
7
14%
Jun
19y4 Nov
par
'A————*—LLLLLL41
111
2
28
Curtiss-Wrlght1V
Class
47% Mar/ 6
104% Jan
16
Drug Stores Inc__2.50
preferred
2
110/
25% Mar 27
—100
Curtis Pub Co (The)——No par
$7 preferred—————
No par
Prior
Aug
Jan
24
$2.25 ''preferred———No par
$5 conv preferred—
Crucible Steel of Amer
5
27% Jun
28% Mar 26
2
Crown Zellerbach Corp—
5%
7% Jan 19
—1
-
Co—
1,600
13
17
102%
2
Feb
43% Mar
114
8% Jan
5
No par
1,800
27%
9
10% Apr
No par
2,600
125
*120
23
46
No par
3,300
26%
115
July
1
5%
600
Xl9%
20
60%
5%
5%
62%
Feb
30% Jan
26 Vb Apr
2
*106%
26%
24
Jun
45
10
9%
*120
Aug
14%
53% Jan 11
31
25% Jan
29%
*61%
12
23% Mar
Jan
29% Apr
106% Jan
OQ
108%
•125
25% Jan
18% Jan 20
145% Jan
*145%
K-
Mar
28% Mar
18% Mar 26
Cudahy Packing Co
30
Cuneo Press Inc——
5
4% % preferred——100
•
23
24
50
Cuban-American Sugar
10
7% preferred ———100
9%
26%
Dec
25%
Cuba RR 6%
29%
125
11% Jan
18% Jan
20 y8
2
3,100
*106%
26%
24
25% Jan
1,500
9%
*120
17% Jan
par
2,120
29%
26%
32%
16%
108%
122
26
Jan
97
9%
7
37% Apr
29%
*28%
20
/
3
10%
*106%
5%
13 %
31 % Jan
96%
*29%
5% ;
30 % Nov
Jan
29
29
61
Jan
7%
16%
29%
124
16%
29 %
29%
124
1
6
16%
29
124
32% Feb
28
97%
6,700
Oct
14% Mar
16%
150
j
*122%
44%
28
29
29%
•
42%
: 44%
97%
Jun
37% Jan
Co
Cream of Wheat Corp
800
290
6 Vb
i
4% July
4
Crosley Corp (The)
3,400
104
Jan
16%
29
9%
104
104
2%
29
9%
*28%
104
2
13
16%
108%
*106%
22%
Oct
6% Feb
4% Apr
29%
30%
29
50
25%
108%
44
*29%
28%
104%
630
42%
50
22%
42%
Dec
20
Exch
Crane
3,000
41%
22%
22%
Dec
103
Jan
Feb
No par
—
1,600
50
42
•49%
:
31
Jun
21%
16
—
Coty Inc
Coty Internat Corp—
200
34
Jan
95 Vz
Jan
44%
96% 7'9TM
31%
; *30
27%
Dec
20'%
10
Feb
96
:
150
108%
29'A
18
Preferred —w——--100
500
*33%
13
34% Jan
23
Corn
/Corn Products
23,700
108%
27
32%.
50
40%
*49%
4%
29%
27%
*26%
7
33
*4%
29%
-
29% Apr
104 Va Mar
3%
——1
pref 5% series
Co rnell-Du oilier Electric
600
4%
21%
27%
16%
6%
28%
21%
103%
97
6%
6%
Dec
2
109% Apr
Conv
110
*6%
*26% f277:, ;>7
50
■
194%
194%
*32
41%
>
*193%
194%
32%
21%
•193% 194%
6%
6%
4%
4»/4
194%
6%
27
*49%
2,700
Steel
26
2iy8
5
prior preferred
Copperweld
240
63%
62%
*4%
:
107%
*40
54%
62%
*54%
62%
28%
4%
28%
4,600
18%
54
18%
55
*6%
19%
19
19
54%
62%
6%
170
$3
Feb
102%
10
Cooper-Bessemer Corp
.
Nov
8y4
3
No par
Continental Steel Corp
2,100
55
18%
54%
62%
•
14%
51%
*51
62%
18%
*193%
13%
14%
51%
62
*6%
18%
13%
51%
52
54%
193%
32%
800'
19
55
193%
*26
35
18%
49%
18%
195%
107%
34%
18%
49%
62%
62%
*4%
34
18%
49%
32%
18%
7750777
13%
13%
Dec
29 y4
27
20
Continental Insurance
Del
95%
Jan
Jan
Continental Diamond Fibre
48%
of
iy« July
Jan
24%
13
__20
Motors
Feb
79
30% Apr 13
25% Mar
2
2
Jan
100
Oil
%
Jun
4% Jan
No par
Inc
Can
18%
28% Apr
25
preferred
48%
10%
54%
28%
8%
Apr
19
13
50 y8 July
14%
108% Feb
100
Pow
Continental
Oct
40% Feb
2
—80
10%
62%
6%
8,400
Feb
Apr
98
108
11% Jan
;
48%
62%
*6%
pfd
10%
54
*193
6%
48%
18%
51%
•54
Cuba
$4.50 pfd
Container Corp of America
Continental Baking C'o
200
42%
of
10%
32%
13%
18%
18%
No
preferred
Consumers
28,000
110%
41%
RR
$2.50
12
Apr 13
43% Jun
Feb
1
pfd
conv
48%
50
13%
10%
*109%
42
40%
Dec
Feb
13
10%
18%
51%
51%
40%
49%
Jan
93
Dec
5
Gas
48%
50
14
*51%
110%
110
:
Jan
37%
105
16
3% Mar 23
No par
—-
10%
31%
32
*32%
10%
*109%
10%
10
Natural
Jan
24% Jan
1
10%
10%
31%
10%
10
40
$1.25
2,800
27%
39 y8
Apr 11
97%
X106% Mar 28
par
No par
$2 partic preferred
Consol Laundries Corp—
2
29% Jan
101
5
Y
48%
:3
31%
28
27%
110
N
Consolidation Coal Co
27%
10%
of
Jan 24
26% Mar 31
par
No
Edison
$5 preferred
Consol Film Industries
290
22
No par
Consol
27%
40%
39%
40%
No
Consol
1,200
112
Dec
18% Feb
2
28% Jan
23
No par
400
26%
110%
9%
.
*110
10%
48%
40
89
Co
No par
2,800
112%
HJan
——No par
2,000
112%
Dec
23
2
21%
112%
98%
Apr
42% Jan
21%
112%
Feb
16%
15% Mar 26
Consolidated
112
Feb
84
10
8
Consolidated Vultee Aircraft
52
70
Feb
13
6,200
*50
52
26%
26%
10
9%
109%;
*109%
21%
*51
15
Mar 17
43% Apr
Edison
Deo
Jan
107% Feb
48
Dec
5% Mar
76
2
21
21
21
21
51%
35 Va
8
7,800
a
50
35%
Jan
3% Nov
13
Apr
25% Feb
47% Jan 24
Jan
25%
Jan
21
20%
20%
51%
C
36%
*36
112%
112
26%
26%
26%
,30
30%
13%
90
104
15
26 y4
Jan
preferred
Consol Coppermines
Corp
1,400
30%
13%
37
37%
,
9
Jan
$ per share
1
19
39
$4.75
3,000
13%
30%
13%
13%
30%
•13%
4%
21
Highest
$ per share
23
107
Consolidated Cigar
1,500
•4%
95% Jan
par
preferred
Congoleum-Nalrn Inc
1,600
27
99
Jan 27
par
No
Conde Nast Pub Inc
52,000
26%
107%
84
No
86 preferred series
3,000
28%
*4
4
26%
107%
90% Jan ' 8
100
Co
Credit
conv
Commonwealth
160
26%
100
No par
No par
Commonwealth & 8outhern__No par
600
107%
Mar
5% Feb
Commercial Solvents.
600
26%
Feb
37
2
Comm'l Invest Trust
3,300
107%
38
Mar 27
4% Jan
10
4,900
104%
4%
Mar 26
31
100
4%%
16,100
11
*32%
*103%
104
3%
4
Commercial
176,100
32%
32%
32%
104
104
105
3%
4
4
4
4
*24
28%
31%
103%
103%
104
27%
28
28
31%
27%
•31
24
•23
24
%
31
par
'•/
1944
Year
Lowest
$ per share
2,50
82,75 preferred--—........No par
/;
7,500
5,100
98
29%
16%
5 per share
2.50
No
preferred series A
5% preferred
Columbian Carbon
Columbia Pictures
100-
107%
16%
iI
■'
n
94%
•23
42
42%
46%
\i
*49%
50
•107%
42
108%.
46%
15%
29%
6%
800
23
46
94
Columbia Br'd Sys Inc cl A
Class B
90
89%
88%
98%
89
98
r
Range Since January 1
Highest
Lowest
Columbia Gas & Elec
3,100
23
50
50
49%
99
22%
22%
Range for Freviou
STOCK
Par
97,900
99
*97%
22%
YORK
EXCHANGE
1,200
5%
99
NEW
2,300
37
4%
98%
97%
49%
;
for
Shares
37%
36%
4%
98%
98%
•49%
37
36%
4%
:
98
,
88
•87
88
;
88
97%
23
98%
•22
22%
•49%, 49%
•22%
4%
the Week
S per share
36%
*35%
36%
•34%
Sales
Apr. 13
j
$ per share
$ per share
$ per share
;
Friday
Apr. 12
Apr. 11
Apr. 10
<
Thursday
Wednesday
Tuesday
Apr. 9
Apr. 7
STOCKS
HIGH SALE PRICES
LOW AND
Monday
Rntnrday
.
100
120
No par
Mar
29
5
7
123% Feb
21
6
25% Apr
29 J/4 Feb
20
41
140
Apr
61%
114% May
21 Va
127
28%
Apr
July
Dec
Nov
Dec
D
*,.13
13
25%
*24
*16%
37
40%
41%
37
37
/:'>
■/•':
*22%
44%
8%
21 y4
21%
68
68
*110%
36 y2
23%
*8%
;
41
45%
45
17
37%
36%
37%
*22%
253/8
% ■: 17
*110% in
41
.
/
17
Ill
37%
13
*24
■17
*110%
13 '
.
*37
40%
*36%
/
23
8%
44%
i
21%
*67%
253/a v
*24
17%
17%
111
110%
110%
*110%
38
*37%
40%
41%
37
*36%
37
8%
8%
21%
*65
42
*41 %
*
42%
19 r
19%
443/4
45
108 -V.-\
21%
Jan
4iy8
36 y2
Apr
45%
Jun
32 y4
24
23%
23%
Apr
36%
22% Mar 27
26 y4 Feb
19
17%
Jan
453/4
45%
45%
Delaware
&
22% July
34% Jan
48 % Feb
19
17%
Jan
37%
Lack 81 Western
10% Jan
9
8%
8%
21%
68
68
42
42
41%
400
500
,
6,800
423/4
34%
343/4
34%
34%
*41%
451/8
♦105
108
'
42%
•
Records
*41% ;/42.'S/-
413/4
'
•
780
1,000
42
400
20
19%
191/2
3,200
45'/2
44
463/4
11,000
*105
108
*105
18%
18%
18%
*48y8
48%
*48%
19%
19%
19%
20%
24 y8
24%
24
243/s
24
24
24
243/8
:■"■•■,
70%
703/B
132
133
113%
*112
113%
*112y8
70%
133
113
*105
108
18%
69%
Delaware
19%
48%
18%
*18%
.
1,200
48%;
193/4
203/b
20
203/4
,3,500
24'/4
24%;;
■■'$1 24 V*
24%
5,800
/.703/4
711/4
70 3/2
-•
134% 134%
Dixie
300
5,700
1,200
i
134 v, 135
112%
1121/8
200
2 8'A
283/2
273/4
28 3/8
7,000
Dresser
14%
14
14
14
14
22
2,300
Dunhill
22%
*22
*21%
22%
*21%
160%
160%
159%
127
127
127
127
*127
1271/4
115%
115%
115%
116%
116%
115%
116
*115
116
161
■•
161
221% ■;:■
163
22 3/2
22%
300
'
164
1641/2
127
127
116
180
2iy4
Feb
65
36
Jan
23
46% Feb
28
33% Apr
40% Jan
6
38% Jan
3
$4.50
Oct
28%
35%
Dec
43% Jan
31
2
20% Feb
20
33y4
Jan
17% July
Jan
22
46% Apr
13
x27%
Feb
38%
100
105
Jan
25
No
par
5
17% Mar 26
No par
(new)
50c
International
I
9
95
8
Feb
1
23 % Jan
42
15 y* Jan
43% Jan
Sep
Dec
5
49
18
Jan
22% Jan
preferred
65
2
Mar 26
105
Apr
Dec
20%
Sep
49
Nov
27
Apr
12
26% Feb
72
No
1st pfd
July
114%
Apr
1131
Jan
2
114 J/4 Jan
17
106%
Jan
113
Aug
6
47
May
,
72% Nov
29 % Mar 29
21
4
Jan
2
par
125% Jan
9
129
113% Jan
6
117
155
27%
6
Mar
20
21% May
3
137% Mar
20% Jan
par
23
Jan
4
100
No
(E I) 8s Co
Duquesne Light 5%
Mar
Mar 20
2
38 y4 Mar
21% Jan
109
47
f
Jun
*
series A
Nemours
4
16% Jan
No par
———
Industries
de
Oct
41%
38
2
Duplan Corp
Du P
Dec
29% Jan
par
25
Co
$4 preferred
800
*115
4,900
Jan
52
110% Jan
1123/8
28%;
14%
127 v
18 y2
4
No par
112%
273/B
160%
7
Jan
122% Jan
14
160 y4
23% Feb
68
No par
273/a
9% Mar
2
31
No par
13%
Jan
Jan
Jan
Dow Chemical Co
27
5%
21
67
Douglas Aircraft
14
*126%
Mar 29
Oct
Dec
No
preferred
Doehler-Jarvls Corp
Dome Mines Ltd
27%
128%
7%
19
Feb
par
preferred
Cup
13%
161
,
Jan
No
Class A——
27%
*160y4
Match-
partic
14%
*127
50
Corp-Seagr's Ltd
5%
19
48%
•
6%
,
Distil
27%
".I
100
_
Diamond T Motor Car Co.
108
48%;
70 %
Diamond
14
■
33
20
Detroit Hillsdale & 8 W RR Co__100
Devoe 8s Raynolds A
No par'
27%
115%
1
Detroit Edison
110
45
17%
132
12,700
14,600
70
19%
48%
693%
8%
22%
45y4
19%
134
8%
19%
18%
22
Inc
Hudson
21%
*65
.
44%
f
48%
22
9
Oct
28
19%
*21
113%
13
48
69%
Dec
38% Mar 26
19%
134
109 %
44
18%
*112
16
38% Apr
48%
69%
Oct
112% Feb
35% Jan 24
19%
113%
16 y4
10
100
39% Mar 29
*47%
134
Dayton Pow & Lt 4%* pfd
13% Nov
23%
Decca
*17%
69%
10
Jan
Deere & Co——No par
Preferred
i
20
Delsel-Wemmer-Gilbert
10
21%
34%
'
*112
Jun
6»/4
1,000
8%
43
*13iy8
13 Va
19 % Mar
9,200
68
34%
*17%
8
Mar 10
37
21%
43
*105
19% Feb
38%
8%
*65
413/4
108
25
42%
21%
68
•343/4
*105
14% Feb 28
8
37
45%
21%
68
19
12
12
16% Jan
Jdn
110
38
*23 y4
343/4
/
12% Jan
23% Jan
1
(The)
41%
45%
413/4
19
112
Corp
37
23 Vb
41%
43%
*110%
Chemical
38
45%
343%
/ *41
8
23
preferred
41%
23
41
19%
112
*36%
45%
34%
43%
5%
17%
Apr
Oct
23
34
41%
253/a
41V4
413/s
41
19 J/4
17%
17%
38
39
33%
41%
*24
,
'
17%
*40%
»43»/4
253/4
-
'
8%
21%
*22%
,
'
44%
*24
17
■
15% Apr
2
8'/4
Apr
25
Jan
5
11%
Feb
20 y4
Dec
165% Mar
6
137,
Feb
162%
Jun
Feb
1
123%
Jun
128%
Dec
Mar
6
113
Dec
120%
Jan
14%
Nov
•'
r;r:<
: :t'l4%
14%
14%
14%
*14%
14%
51%
7 523/4
752
51%
50%
51%
19 %
20
20
20
'
176
176
(88
192
►53%
46
r
10
46%
47
14%
*24
10
15
6
6;
■
"
473/4
48%
48
15 Va
15%
14%
109
53/8
119
109
■
5%
119
109%
6
5%
119%
110
*53/4
53/8
119
*110
6
55/8
120
111%
*53/4
5%
200
10
105%
17%
1,500
700
6%
119%
111
104,600
121
111
473/4
37%
37%
105%
18%
24%
24%
21
21%
213/8
64
64
64
106
105
105%
173/4
18
102
•102
105
102%
102%
*103
1043/4
103
103
105
*103%
105
17%
18 %
1023/4
1023/4
24%
22
22%
64%
*104%
173/4
102
106
18%
1023/4
24
24%
21%
21%
*64
*104
173/4
♦102
64%
106
1675.
Emerson
Emerson
Radio
400
Endicott
130
130
103
103%
103%
103%
103%
105
104%
104 %
104
104
1%
1%
1%
1%
*%
1%
70
14,600
4%
Public
195
Sep
Feb
175
Jan
57
Mar
41
Jan
9% Feb
1
4
16 3/4 May
12*% Mar
83/4
42% Jan
20
51% Feb
14
20
16% Mar 16
Jan
3% Jan
103
No par
L —5
9
2
13
13
Jan
3
121
Jan
3
112% Mar
7
50% Feb
44% Mar 26
34
6% Feb
6ya Apr
19
% Mar 21
22 %
9
Apr
13
$5% preferred
No par
No par
No
par
3
151/4
Jan
10
Apr
453/4 Aug
153/i Dec
3%
Jan
33% Nov
63/2
Oct
53% July
81%
Apr
114
Dec
78
Apr
1033/2
Dec
;
Apr
47% July
Feb
343/4 Nov
29% Jan
18
70% Jan 20
104% Jan
Sep
Dec
371/2
273/4
25
I
Dec
39'/4
62
par
Dec
7
20% Mar 27
.100
52
241/2
16
.—5
Mar 26
Dec
Mar
38
—50
Service—
Bldg
178
26% Mar
No
Office
Feb
190
$5 preferred
tEquitable
157
6
5% Mar
Phonograph
$6 preferred
Dec
182% Jan
15
109
preferred
Engineers
Dec
253/a
22
No par
Johnson Corp
&
14 Va July
41
Jan
Jan
5
Electric Mfg Co
2,100
450
103
Gas
6,300
,
23,600
*103%
1%
Natural
19%
104%
1%
Storage Battery
El
22
6%
Feb
Apr
10%
33
Jan
No par
Electric
1023/4
*103%
1%
page
105%
243/k
*64
49
Jan
3
21% Jan
No par
1,300
Paso
185
shares
$7 preferred
$6 preferred
1,100
v
174
—3
Electric Power & Light
1,000
48%
38
par
Jan
1
Boat
Ind Am
20
56 Va Mar 28
23
4
Elastic
Elec & Mus
16% Feb
22
26
—2
Eaton Manufacturing Co
Edison Bros Stores Inc
2,600
22
18 % Jan
100
preferred
cum
Jan
39% Jan
5
No
Electric
473/4
24%
Co
3,100
47%
20%
6%
Kodak
4,400
37
23%
Eastman
13
1
15%
36
*62
__10
Corp
48%
v-6
47
104 %
1%
;
Co
Stop Nut Co
Electric Auto-Lite (The)
47
23%
Eagle-Picher
Eastern Airlines Inc
Eastern Stainless Steel
30
900
26%
36
20%
see
*93/4
1,300
54
35%
63
1%
10
600
188
47%
233/4
footnotes
10
53%
35%
63
For
10
188
*25%
*46%
20%
1%
25%
463/4
24%
*
54
25%
2,300
6,000
21
35%
46 3/4
*35
18
192
54
25
15%
5%
21%
17%
*188%
53%
14%
52%
175% 175%
47%
*117%
64
*103
176
*53/4
53/8
*20%
•-.102
10
175%
143/4
110
105%
10
*20
47
118 3/4
*62
105%
53%
*24
51
203/s
5%
5%
47%
175
192
14%
52%
,
15%
110
"35%
175
25%
15%
51
20
*188%
53%
15
46%
118%
'*
24
175%
192
15%
52
203/4
5%
5%
*46%
515/8
*203/8
46
•
119%
-*34%
14%
3%
14%
6
110
5
110
*103
53%
24%
10
15
*118%
,
175
•188
54
24%
46%
5%
».
*53
10
-<i15
*
176%
24%
*9%
'V • -
176
*188 V 192
54
*24
•
*
20
.*19%
107
Mar
Feb
15
Sep
223/4
Dec
57%
Jan
68 y8
Dec
101%
Jan
6
26
108 V2
Jun
Jan
4
19% Mar
1
100% Jan
5
103% Jan
29
87
Jan
104
Dec
102
Jan
5
105
23
89
Jan
105
Nov
104
Feb
1
106% Jan
11
92%
Jan
107
1% Apr
11
3/8
Apr
16
Jan
2% Jan
20
8%
Jan
17%
13/4
Dec
Dec
Dec
Volume
Number
161
AND
LOW
S
per share
14%
92
13%
,13%
15
15
73
*88%
14%
14%
is
72
71%
71%
92
*88%
*88%
92
;
"
■
Apr. 13
$ per share
share
151/4
73
-73
*88%
92
14%
15%
39,700
Erie
RR
Erie
'
13%'
13%
13%
13%
16%
17
17
17
17
16 Vs
17
17%
17%
16%
17%
2,500
2,000
Eureka
16%
46%
46%
46
46%
47V4
47%
47%
47%
48
1,500
Ex-Cell-O
6%
6%
6%
6%
6%
6%
*6%
481%
7 •;
Exchange
*46%
47>/4
"*6%
7
13%
13%
13%
13%
•
13%
131/4
*6%
V
6%
600
49 ¥2
^
12% Jan
22
15% Mar 14
9%
Jan
14
19
75% Mar
1
46%
Jan
70
Dec
Jan
27
88
Mar
16
78%
Feb
84 ¥2
Aug
15% Feb
19
6%
Apr
493/4
493/4
49%
29 3/8
29 ¥2
297/8
29%
50%
30%
3,800
29 ¥4
2,100
Fajardo Sug Co of Pr Rico
137/s
13%
14 ¥4
143%
14%
14 ¥s
14%
6,200
Parnsworth Televis'n & Rad
Federal
19 ¥B
33 ¥2
333/4
333/4
*24 ¥2
32 ¥B
32%
*106 ¥2
107 ¥2
100
-
3 3 ¥2
333/4
23%
33%
33%
25
253/4
26 ¥4
26 ¥4
27
27
10%
103/4
10%
103/4
10%
10%
♦
32%
31%
32 ¥4
32 ¥2
32%
107 ¥2
32
107 ¥2
107 ¥2
1,500
33 ¥4
10
10
323/4
32 ¥2
*107
203/4
104%
25
*24 ¥4
10 ¥4
20
*103
20
104 ¥2
33 ¥B
33 ¥a
•
25
10
10 ¥4
20
*103
104 ¥2
*103
104
104
33 ¥2
*24'%
25
10%
*19%
193/4
19%
19%
104 ¥2
107 ¥2
107 ¥2
107 ¥1
107 ¥4
32%
33%
Federated
4%%
70
*24 ¥4
2 5 ¥4
25
25
2 5 ¥2
25 ¥2
25 ¥2
25%
253/4
26%
1,500
517/a
513/4
513/4
513/4
52
513/4
52
52 ¥»
52%
53
53%
2,400
60%
6,300
*45%
/
46%
25%
*44
45
32 3/8
*30 ¥2
32 3/s
*30
32%
6%
63/4
6 ¥2
6 ¥2
6%
50%
51%
51 ¥2
51 ¥2
51%
54%
17%
65
2%
173/B
173/B
17 ¥B
62 ¥2
64 ¥4 /
64 ,«■;
a;
*14%
34 ¥4
333/a
25%
25%
14
14%
14%
135
353/4
44 ¥4
353/4
353/4
*44
45
7
Florence
Florsheim Shoe class A
55%
57
3 ¥2
3 ¥»
18
67%
3 ¥4
3%
14 ¥a
34
34%
333/4
343/4
253/4
25%
25%
210
143%
35%
135
38
45
115
7 ¥4
7 ¥2
7%
7%
8%
'/V
5 ¥2
5 ¥2
5%
5 ¥2
5%
//■
73/8
7 ¥4
7 ¥4
5 ¥2
5%
5 ¥4
5 ¥2
,¥¥■;
7 ¥4
W* 53/8
16%
165/8
16 ¥2
16 5/8
16%
16 ¥2
14 ¥4
14%
143/a
143/8
15
15
.
47 ■
46
44%
114%
7%
16 Va
16 ¥2
16 Va
15
>'
*17 ¥4
75
*72
25
*57
-
-
-7
59
13%
59
♦56
•
*106
Gabriel Co
Galr
16%
16
52%
53
53%
9 ¥2
9%
9 ¥2
♦172% 174 V,/
174
20%
20 ¥4
20%
20 ¥4
20 ¥2
20%
*6
6 ¥4
*6Va
6 3/8
6%
6 Vb
6 Vs
20 ¥4
122
28%
28%
*28%
21
123
*164
165
122%
29
164
40%
41%
40%
41%
41
¥4
413/4
41%
41%
42
41%
42
413/4
7-
4
*129 ¥2
130 ¥2
64 ¥2
64%
64%
58%
131
¥2
66%
1277/8
13%
263/4
12%
13
26 ¥2
27 VB
10 ¥4
10 ¥4
*10%
10%
107 ¥2
*106 3/8
107 ¥2
*106%
107 ¥2
*106 3/8
23/s
2 ¥2
2 ¥2
2%
107%
2%
33 ¥2
33%
107 ¥2
107 ¥2
107 ¥2
*106%
23/a
23/a
23%
23/8
23/a
33 ¥2
32 5/s
4¥a
*22 ¥2
'
4¥a
4%
4%
3%
23%
23 ¥4
23%
*29 ¥2
21 ¥2
21
21
IOI3/4
101
26 ¥2
26
*29%
26 ¥2
30%
303/4
267/a
277/a
27%
107
%
14 ¥2
5/s
u
14%
;
98 ¥2
*97 ¥2
263/4
54
54
263/4
54
4 Va
4%
4%
*153
154 ¥2
26%
26%
58%
103 ¥4
103 ¥2
52
52
523/8
*111 ¥1
112
*111 ¥4
14%
23¥a
23 ¥4
23%
233%
24
23%
24%
97%
98
98
97 ¥2
97%
97 ¥2
97%
27%
27%
27 5/s
28
273/4
28%
54
54
*53 ¥2
55
*53 ¥2
58 ¥»
52
1'/ 6 ¥2
6%
63/4
26 ¥2
26%
58 ¥2
583/4
58 ¥2
1033/4
*102 ¥2
*102 ¥2
52%
112
14
14 ¥4
263/4
58 ¥4
103
14%
6=/8
7
523/s
112
.■.'F
7 V'
7%-
43/4
47/8
22%
22%
15 ¥4
15%
5
47/«
22 ¥2
/
43
*24 Va
15
41 ¥2
*24 Va
24%
5%
*22 ¥2
15%
15 ¥2
41 ¥2
42
24 ¥4
*24
16
16
15%
16 ¥s
49 ¥4
49 ¥2
49%
49
293/4
293/4
29%
*163 ¥2
164 %
v/
53%
54%
22%
23 ¥a
*107%
164 ¥2
*67
68 ¥2
54 ¥4
'
7 Va
7 ¥4
7
-
5%
5
5 Va
5
*22
22%
*22
23
*107%
33%
35 Va:
333/4
5%
5%
6
*173 ¥2
177
177
,
145/8
*61 ¥2
62
*61%
52%
53
53^4
*43
43
43
24 ¥4
24 ¥4
*24 Va
400
16%
5,000
44
400
24%
200
16 ¥1
157/s
157/a
16
16 Va
2,700
52 Vs
53
51 ¥2
52%
26,000
30%
5,400
30 3/8
53%
35%
423/4
4,200
5
22%
52%
68%
-
*42
15%
63,800
7%
51%
523/4
23%
16%
15%
16 ¥4
-
16
68 ¥2
108 ¥2
16
•
24 ¥4
54
23 V8
5
22 ¥2
600
16
68 ¥2
*53/4
14%
300
513/4
164 ¥2
35 ¥4
14%
15%
164 ¥2
*1073/8
108 ¥2
*173 ¥2
9,400
14%
24%
¥2
30
30
22%
42
16
48 Va
*67
55
112
•
43/4
¥2
143/a
.
200
53 ¥4
*14
22%
'
/ 22%
*41
V
6
*174 ¥2
165
30%
*164
24%
30%
166
*67
68 ¥2
53 ¥2
54 ¥4
30 Vs
303/a
164 ¥2
165 ¥2
¥2
68 ¥2
68
~
233/4
23%
23%
23%
*1073/8
108 ¥2
*1073/8
56 ¥2
23%
108
35%
6
176
34 ¥4
343/4
34 V8
63/8
6 ¥4
179 ¥2
33%
63/s
V
*106
343/4
6¥a
176
6
*177
180
180
Jan
38% !Mar
8
30%
Jan
29%
Jan
Jan
34
50
Jan 27
119
24
10,300
,
63/a
4,200
16%
Dec
18%
Dec
19
15%
Sep
18 %
Jun
Mar 27
62%
Oct
66
Nov
2
4%
Jan
7%
Dec
13%
Feb
23 %
Dec
51
Jan
58%
Dec
10%
Feb
16%
Dec
72
16
7% Jan
2
8"% Mar
23
Jan
2
28% Feb
58
Jan
2
61
12% Jan
22
20.,
Jan
5
14% Feb
20
106% Mar 22
106% Mar 29
41%
55% Mar
Jan
2
par
2
17% Jan
22
1
174
Apr
Jan
22% Mar
1
6%
7% Feb
19
4%
Jan
Jan
22
24% Feb
19
11%
Jan
114% Jan
22
Apr
13
81%
Jan
29% Feb
7
25 %
19%
Jan
Mar 21
Apr
19
126
27% Mar 20
156% Jan
4
37% Jan
40
Feb
3% Jan
1
2
124
Dec
Dec
29 % July
155
Dec
140
Feb
35
Feb
40%
42% Feb
28
40
Nov
43% July
Jan
26
V.: 2% Feb
Jan
3% Aug
140
Sep
4
Sep
Dec
25
115
Feb
9
102
Jan
120
Mar
6
128
Mar
134%
Nov
68% Mar
1
51%
Feb
66
July
143
134% Jan
4
113
6
124
134
Jan
Dec
7% July
22 %
1
43 % Mar
I.
Nov
'
Mar 20
170
24
Oct
9% July
161
Feb
143
9
54%
Apr
7%
19
10 % Mar
31
8% Jan
160% Jan
Dec
129
Apr
4
62
Jan
22
127
Apr
130
Mar
6
125%
Jan
130%
Oct
53
Jan
11
60
Feb
28
36%
Jan
56%
Nov
10
Jan
16
13% Apr
11
4%
Jan
22% Jan
2
30% Mar
6
18%
Apr
9% Mar 27
11% Feb
19
6%
Jan
No par
1
No par
106 % Feb
7
7
1% Jan
3
28% Jan
No par
1001
10c
24
10
Feb
123
3% Jan
3
Feb
20
23%
1%
Apr
Mar
6
127
Jan
26
5'A Feb
14
3%
31%
124
Apr
112
NOV
2% July
Apr
19%
37
Jun
11% Aug
107%
Oct
106
14
2% Feb
108
13% July
4%
Nov
Dec
Nov
Oct
74%
Sep
110%
Dec
7
22%
Jan
27
Dec
19
Jan
31%
Dec
8
19%
Feb"
2~6~% "Dec
1
99
Feb
Tire
preferred
Safety
Razor
No
2
2
6
% Apr
12
17% Jan
15
Jan
6
No par
2
28% Feb
19
55
Feb
19
No par
(B F)
No
Goodyear Tire & Rubb
No
$5 convertible preferred—No
Gotham Hosiery.;
No
par
par
par
1'
Motors
Graham-Paige
par
25%
Dec
Apr
45
$5 preferred
Dec
Jan
18%
4
3% Jan
2
4% Feb
Apr
5
165% Jan
25% Feb
1
153
Dec
Jan
11%
25% Jan
-10
Dec
90%
22%
52
Aug
98% Mar 23
52% Jan
1
100
16%
Jan
69
Mar 20
105% Aug
Jan
7%
50
Goodall-Sanford Inc
Co
26
Jan
Gold & Stock Telegraph Co
Goodrich
23
21
97% Mar 28
tGoebel Brewing Co
'
95
Mar
preferred
conv
9
90
.
Feb
109
No par
(The)
Co
4% %
32% Feb
Jan
No par
preferred
$4.50
Mar 12
13% Mar 27
par
No par
preferred
conv
32% Mar
111
Jan
26
105
—
———
22
15
,96 Apr
5
100
Rubber Co
&
27% Jan
107% Jan
100
preferred
28% Mar
25% Mar 29
Telephone
Glidden
49% Mar 26
30
61
Feb
Feb
2%
12
15•
85%
Jan
28
40
"Feb
6
98
19
9
50'% Mar 21
105% Mar
15
23
112% Mar
102% Jan
4% May
Jan
175
Dec
54%
Jun
Jan
104%
Nov
Deo
.
36%
Feb
51%
8
104%
Jan
112¥s
12% Mar 26
16
Jan
2
8%
Jan
17%
2
8
Jan
15
1%
Jan
7
3%
Jan
5% July
110% Jan
5% Jan
x57% Feb
•
Jun
Oct
Aug
—5
4% Jan
5% Jan
11
No par
18% Jan
3
23% Feb
17
15% May
Grand Union Co—
17% Mar
32%
Jan
Dec
22
2
43% Mar
42 ¥2
36% Jan
6
8
10
16
23
Feb
No par
10
20
14% Jan
9%
Granite
23%
Jun
25 ¥2
Mar
14%
Dec
17 ¥4
Nov
Consol M S & P
Granby
v
City Steel
(W T)
Grant
Co
preferred—.
5%
Great
Iron
Nor
Ore
25%
Jan
30% Mar
7
24%
Jan
30
Dec
2
12
143%
Feb
163
Nov
161% Mar 16
64
Jan 20
165% Apr
May
67
100
100
1
Co Inc
8%
preferred—
Gulf Mobile & Ohio RR
15
14%
153/8
15 Va
153/8
15%
6,800
62 ¥2
63 ¥2
623/4
63 ¥2
*623/4
63 %
1,300
$5
53 ¥2
53%
54%
54 ¥2
55
54 ¥4
543/4
54 ¥4
54¥4
5,200
Gulf
Oil
2
22% Jan
104% Jan
12
28 % Jan
24
100
;
No par
No
preferred
25
100
.1
No par
Guantanamo Sugar
62
52% Jan
No par
preferred
Grumman Aircraft Corp
14%
1
12
2
24
Grevhound Corp (The)
61 ¥2
17% Mar
14% Jan
28% Jan
Bay & West RR_
4% %
24% Jan
Dec
July
46% Jan
Preferred
L)
Jan
19%
pfd—No par
.No par
Western Sugar
(H
24
2
Prop—No par
Great Northern Ry 6%
Great
143/4
"
Dec
12
5% July
7
90
181
17%
3
62
15
Jan
109% Jan
"':T~-
17,200
Jan
12%
Mar 26
Green
347/B
2%
20
99
Green
108
20
19% Feb
66% Feb
6
July
27
Feb
18% Jan
14% Apr
16% Mar
„
7
Jan
Sep
Nov
3,600
■
2%
Deo
447/a
116
Apr
9 % Feb
7
Jan
49
103
19
25% July
40
57
'Feb
363/b July
18% Feb
6% Jan
4% Jan
16
| Feb 13
Sep
Dec
135
19%
200
167
*68 ¥2
24
108 ¥2
30
*165
55
X543/4
70
Apr
Gimbel Brothers
4,300
*111%
54 ¥2
*14 Va
14%
*14
31
135
Jan
$5
20
597/B
*102
112
112
Jan
Mar
14%
Gillette
2,300
1033/4
583/4
59
1033/4
533/4
53 ¥2
112
Dec
17 ¥8
19%
Rights
1,300
4'/a
27%
263/4
27
26%
25 ¥2
Jan
1
158
*155
158
*155
Jan
13%
16
200
55
4 VB
4¥a
4 Va
4%
20
8
27
4%%
3,800
54
158
19
18% Jan
25% Feb
1,200
27%
4%
Dec
26% Feb
24% Feb
General
3,300
♦154
29~
22
400
4%
Jan
24
4'A %
3,900
923/4
156
16
Jan
120,900
14 ¥2
■
7
Jan
630
%
:
*91 ¥2
112
63/4
106%
m
Dec
37% Mar
*
143/4
52%
14 ¥4
rl06 ¥2
69
13
.1
preferred—No par
Corp
20
Gen Time Instrument Corp—No par
12,900
28%
28
,
923/4
112 ¥B
14 ¥2
1
*
14%
103
103 ¥4
14%
3/4
%
*91 ¥2
263/4
58 ¥4
*103
107 ¥4
3/4
143/4
155
26 ¥2
583/4
28%
107 ¥4
Nov
Jan
3% Apr
Aug
19
40
923/4
4 Vs
4 Vs
58
28 Ve
107 ¥4
28
108
*106
108
*106
108
16
53%
21
General
200
.
14 Vs
*53 ¥2
154 ¥2
26%
31%
27
27
*53 ¥2
*303/4
97 ¥2
9 8 ¥2
26%
31
,
11% May
15
General Shoe Corp
1,100
*91 ¥2
23
23
*97 ¥2
" 303/4
u
143/8
X23
30%
%
93
923/4
*29 ¥2
-
27%
14%
233/a
*153
:t;
13
Gen Steel Cast $6
920
28 Va
Mar
No par
General Refractories
1,400
102
28%
107 Vs
923/4
923/4
;
*22
100
28
27 ¥4
923/4
233/a
X21%
:
102 ¥2
27 ¥2
107 ¥4
i°c
22 VB
22
101 ¥2
27 ¥2
583/4
23
10c
Railway Signal
6% preferred
Gen Realty & Utilities new
2,400
Dec
8% July
5% May
Feb
57
9
Gen Public Service
Gen
15,400
102 ¥2
*106
14 ¥2
143/a
22
4Va
23 ¥4
*263/4
.102
108
107
n
*92
.
31 /
26 ¥4
27 ¥2
107 ¥2
107
107
*21 ¥2
215/a
101 ¥2
26%
108
109
*108
111
*108
,
¥4
*295/8
"
37/a
23 ¥4
J
4%
22 ¥2
$4.50 series A preferred
10
2
par
No par
No par
Gen Precision Equip Corp
900
Mar
8
42 % Mar 26
No
Outdoor Adv A
General Printing Ink
1,900
/•//•''•---
33 ¥2
100
10
1,100
v
Dec
Apr
113
No par
1,300
.
129
♦125
129
♦125
129
22%
*26 ¥4
101
101
*26
333/4
34
3%
22
r
21%
21%
101
*125
129
'
213/4
33 ¥3
333/4
213/4
4%;
4
4%
*21 ¥2
*125
129
•125
33%
2%
2 ¥2
.
"V
24%
Mar
118
No par
No par
Corp
Common
10,000
13
%
Gen
6
18
Jan
Apr
No par
100
No par
preferred
$5
800
<;;^/';lod!
58 ¥2
*55 ¥2
Dec
33% Mar
75
Jan
a
General Motors Corp
46,100
-
127
127
58 ¥2
263/4
*106%
129
67
653/4
67
127%
10%
103/8,
*125
66 3%
127%
*56 Va
58
V
Dec
42%
9
7
24
4
10
9
5
25
14
-1
preferred
5%
50
132
*129
133/a
12 ¥2
26 ¥2
10 ¥4
323/4
132
111%
Jan
13
25
100
General Mills
200
'
Jan
34%
18% May
43 %
2% Apr
'
263/4
12¥8
26 ¥2
103/8
33
♦130
119%
'*115 ¥2
104%
21
15% Jan
$6 conv preferred series A-No par
50
140
140
119 ¥2
Jun
15
Feb
62 % Apr
No par
Foods
26 ¥4
Feb
46
6% Mar 20
47% Jan 24
No par
Gen Gas & Electric A
11,000
4
3%
.
142
*117
12 ¥2
12 Va
263/8
103/a
32 ¥2
4
3%
♦140
119 ¥2
10 ¥4
12 ¥8
263/a
10 ¥4
v-
4
par
cum
General
Dec
57 ¥4
14
No
General Electric Co
7,600
42
41%
263/4
12
;/■'
30
28.100
423A
41 Va
42
1,400
165
*163
42
-
64%
*56 ¥2
57%
26 ¥2
*26
■
165
413/4
41
127%
/¥
65%
128
128
*56
*130
10 ¥4
12
v
*163
283/4
28%
Dec
110
5
preferred
General Cigar Inc
1% preferred
7%
Feb
2
23% Jan 16
109
Jan 19
41
Jan
4
30'A Feb
2
100
A
Class
780
126
Nov
29% Feb
_
General Cable Corp
1,900
22%
21S/8
1233/4
132
119 ¥2
131
643/a
65
J'S6/¥/'
56
>
213/4
53 ¥2
5
preferred
$8
Jan
Jun
General Bronze Corp.—
•
45
50
1,300
63/4
17
1
4,900
21 ¥2
63/4
142
*140
119%
128 ¥2
*127%
127%
*55
-
3%
3%
142
*118
142
131
127
37/a
*140
120
131
*118
21%
r
3%
3%
*140
142
174
*1723/4
0'
57% Feb
Aug
General Baking
29
42
120 ¥2
Gen
4,300
29
:./■
42
4
1,600
93/4
1233/4
21 ¥4
123
164
413/8
*140
533/4
9%
213/s
6 ¥4
123
41 ¥4
*118 ¥2
523/4
6%,:.- /V
21
■
29
29
166
*283/4
6%
2
Jan
44
Transportation
Amer
Aug
109
preferred
9%
50
27%
Apr
$4.50 preferred
•'
Jan
20
Investors
Amer
Gen
4,600
¥
Jan
17
Jan
Industries Inc
conv
Dec
93
38%
preferred
5%%
108
6
16
35%
Gaylord Container Corp
107
*106
174
174
;':'V
21
21 ¥4
21
21
122
29
165
167
*165
203/4
1223/4
20 3/4
203/8
121
120 ¥2
2,000
13%
13 VB
-
Gar
10
Aug
32
103%
20
2,800
59
Dec
10 3/s
Jan
7
Ao par
No par
25%
73/4
24
Jan
28 % Jan
No par
1
Co
2,100
Wood
Apr
22%
Nov
3
1
7%
$3
27 ¥2
107% Apr
42'A Jan
10
(The)
Co
Apr
5
19
13
.
Dec
19%
17
Feb
33 % Apr
12
Jan
Aug-
28% Jan 23
Jan 22
23% Mar 27
100
Gardner-Denver
'
*20
19
No par
pfd—100
(The) cl A
(Robert)
53 ¥2
53
X9¥a
9%
174.
174
13%
28% Feb
105
Jan
13
preferred
Gamewell
700
18 3/4
25
107
*106
7
10
25
Inc
Co
6%
2,000
733/8
*56
59
133/a
107 ¥2
38% Mar
100
60% Apr
Co
Trailer
8,400
18%
26 ¥4
*56
13%
107 ¥2
2
„
preferred
4% %
2,100
7%
7%
Fruehauf
5%
*72
733/8
26
59
13 ¥1
13%
7%
25
8
49% Mar
Freeport Sulphur Co
180
16
19
18 7/8
*72
52 ¥2
9%
174
174
*172
7%
24%
13 Va
53
93/8
7%
24%
*106
107 ¥2
*52 ¥2
9%
7%
59
18%
75
*72
24%
//
13 ¥4
*106
53
9%
1
-
106% Jan
Jan
5
Mar 28
17
104
110% Mar
Corp
3,300
16%
15%
17%
75
59
13 ¥4
1073/B
52 ¥2
18
*72
25
243/4
*56
13%
'
*106
■
*17 ¥4
73/4
73/4
75/a
7%
25
17 ¥4
75
17 ¥4
173/4
*72
17%
10
F'k'n Simon & Co Inc 7%
8 Va
8
'
•
Jan
53% Mar 26
;.
5%
.
163/4
153%
14%
10
100
1
Inc
4,100
'
115% /
115 ¥2
116
*15 \
1
No par
prior preferred
Francisco Sugar Co
80
363/4
36%
45%
45
44%
115
Mar
22
107% Jan 26
6%
2,000
140
*130
114%
/
14%
14%
14%
135
37
37
Dec
143/8
par
Machinery Corp
Foster-Wheeler
3,500
25%
14%
Dec
47 ¥2
Jan
"
26
¥ 135
*130
443/4
Jan
9%
50
Corp
Rights
98,800
Jan
21%
2
103
preferred
conv
Food
8,500
34 ¥2
34
Steel
Food Fair Stores
900
17%
66¥a
33%
653/4
5%
1,030
18
66 ¥4
*17%
Stove
Follansbee
1,400
33%
7
5
No
Co
200
200
7
13
16% Feb
No par
No par
32
6%
50% Apr
33% Mar
25
(The)
45%
56
55
17 ¥2
*253/4
36
/
7%
667/a
Co
*44 ¥2
33
2
4
12% Mar 26
100
preferred
$4.50
Dec
22
No
Stores
*31
45 ¥4
114%
44%
115
*114 ¥2
115
*
135
*130
45 ¥4
*31
55
3 %
34 ¥4
26
133
36%
*35%
♦44
3%
14 ¥4
133
*114 ¥2
23/4
33 ¥2
143/4
*125
2%
*25%
26
150
6%
9% Jan
preferred
Flintkote
11,000
65
■
2¥2
34%
34
*25%
27%
105%
17
66 ¥2
2%
26%
1053/4
7
53
17%
65
*17%
273/8
1053/4
Jan
10
Corp
National
First
600
263/4
33
6%
4%%
400
¥4
46
1053/4
45
323/8
678
108
4 6 ¥4
267/a
*44
*30 ¥2
*>.
453/4
1053/i
1053/4
44 ¥2
•
597/8
108
453/4
453/4
1053/4
26
26
1053/4
106 ¥B
44%
•
*453/a
45 ¥4
25 ¥2
26
*1053/4
44 ¥2
106 ¥2
*43 ¥2
45 ¥4
46 ¥2
*45
26
25%
*1053/4
60
108%
*108
2%
23% Jan
Firestone Tire & Rubber
593/4
593/4
»-» O CO
108 7/a
109 ¥a
*108
1093/B
59 ¥a
59
59
59
583/4
23
25% Jan
Fidel Phen Fire Ins N Y
*108
7% Feb
No par
100
1
Stores
preferred
Dept
conv
Enamel
25 ¥2
59
2
3
51%
108 %
Jan
6
No par
*24 ¥2
58 ¥4
Dec
Corp_l
Corp
Ferro
1C8%
Dec
47 Vs
2
Federal Motor Truck
4,400
108
*107
Federal-Mogul
700
2,900
177/s
Jan
15
No par
& Traction
Light
$6 preferred
Federal Min & Smelt Co
1,500
Apr
21%
42% Jan
49 ¥4
29
133/4
*103
9%
21
2
25% Jan
50 ¥b
283/4
13%
20
5
Feb
20
49 ¥2
283/4
13 ¥2
104 ¥2
19 % Feb
52
No par
49%
283/4
13%
*19
24
24
& Co
Fairbanks Morse
49¥2
29 ¥2
*103
Oct
15% Jan
2.50
49%
20
13 ¥2
11% Jan
42% Jan
Buffet Corp
¥4
'
Dec
3
13 ¥2
-/
86
5
5
Co
Corp
*28%
49
$ per share
68% Jan
50
Cleaner
Vacuum
Products
Evans
Highest
$ per share
$ per share
100
i
RR Co
Pitts
&
1044
Lowest
"
No par
common
5% pref series A
' 1,100
.
Year
Highest
$ per share
Par
Shares
73
92
*88 7%
Lowest
EXCHANGE
the Week
73,
14%
721%
92
14%
72%
$ per
Range Since January 1
J
STOCK
YORK
NEW
for
Sales
Friday
Apr. 12
$ per snare
$ per vtiare
share
per
72
14%
72%
*88%
Apr. 10
Apr. 9
Apr. 7
S
Thursday
■" ;
Apr. 1L
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Monday
Saturday
1669
CHRONICLE
THE COMMERCIAL & FINANCIAL
4377
par
53
71
Apr
Feb
2
Feb
55%
Dec
8
19%
Feb
24 ¥4
July
108% Mar 13
105%
Dec
105 7/a
Dec
Apr
32 ¥4
Dec
Apr
6 ¥2
25% Mar
36% Apr
2
7
Feb
7
26
Feb
7
14% Mar 27
18% Jan
11
23
64% Jan
8
Jan
Jan
Feb
43%
182
58
Dec
57% Mar 16
5% Mar 26
167
57
49 ¥a
11
3%
123
Jan
Aug
189 ¥2 Dec
Jan
16 ¥4 May
33
Jan
62 ¥2
Dec
42%
Sep
50 ¥a
Dec
Dec
6%
2#
49% Jan
6
57% Mar 16
33
Jan
2
38
Feb
2
27
Apr
33%
28
10
Corp
2
24% Feb
7
15% Mar
22 ¥4
20% Jan
11%
16 ¥4 July
H
*35
*21%
.
..
37
37
22
*21%
19%
*19
19%
20
*19
19%
107%
*107
108
20%
30%
x30
8%
8%
8%
*107%
108%
*106%
For
footnotes
see
*37
21%
22
19%
*37
19%
183/4
19 ¥4
22
400
19
22
39
22
37 ¥2
22
19
*107
108
*107 ¥2
108
107 ¥2
107
*106 ¥2
107
106 ¥2
106 ¥2
30%
30%
8%
1675.
8%
108%
8%
109
108%
21
21
21
155
21
155
*153
30%
*8%
*107
30%
30 ¥2
21
21 Vs
Printing Co
Hamilton Watch Co
6%
Hanna
100
3,300
21 ¥4
*153
30
,
303/8
10
1,500
8%
83/4
83/4
83/4
87/s
700
109%
♦107 ¥2
109 ¥2
♦105%
109 ¥2
10
No par
100
preferred
(MA) Co $4.25 pfd—No par
Harbison-Walk
'■
..
303/4
.
Water
Hall
30
107 ¥2
*106%
20%
Hackensack
2,000
107
♦153
37 ¥2
22
108
30
page
18%
37%
107
.
30%
*153
*153
37%
*107
108
*107
20%
*30
21%
22
108
107%
*107
*37
37
200
Refrac
No
par
15% Jan
2
106% Apr
13
110% Jan
12
106
Apr
Feb
28
110% Jan
12
102
Jun
18% Jan
2
107
17
100
154
Feb
x30
Apr
9
7% Jan
4
preferred
Mar 19
111
Hart, Schaffner & Marx
10
Hat Corp of Amer class A
1
6%% preferred (modified)...100
6%
22
Apr
107
Jan
13
22% Mar
155
Apr
6
2
33% Mar 19
15%
138
109
Dec
Apr
21
July
Jan
152
Dec
10% Feb
16
"5%
Jan
Jan
6
104%
Jan
110
Dec
July
~8%
110
Jun
July
THE COMMERCIAL & FINANCIAL CHRONICLE
1670
NEW YORK STOCK
Saturday
t per share
11%
llVa
6%
109
11
10%
110
21%
75%
6%
21'/a
21%
*75
*75
76
110
110
28%
*75
76
*175
*83
83%
*132
83
.
83%
*132
143
*76
76
79
*130
143
132
*76
76
XXV 300
*175
176%
30 VB
11,800
82%
82%
82
82%
83%
83%
XX 1.400
■x;xx.;
10
*130%
132
♦130%
132
132
,
135
76%
76%
79 ::-'X/
*76
79
*76
79
*130%
*132
135
*132
135
*132
*130%
'
v'"x'.\' x;.-,7
27%
*26
26%
26%
26%
26%
*26%
27%
25%
26
*25%
27
*25%
26
26
*26
26%
*42%
X 42%
26%
42%
43
43%
*43%
441/2
43
18%
*18
18%
*18
18%
18
18
22%
X22%
22%
22
22%
*42
43
18
18
18
22%
22%
22
22
22%
22%
47
*118%
46%
46%
46%
47
47
47
47
47
47%
20%
20%
26%
27
*118
118
46%
*46%
20
47
47
47%
*46%
20 %■
20%
*26%
26%
27
109%
*71%
72%
16%
16%
*39%
39%
27
72%
2%
11%
30%
30%
30%
30%
29%
21%
22
21%
22%
22
2%
2%
21%
27
90% Mar
6
75
'
130
Feb
15
10
128
Jan
7%
preferred
2
50% Mar
6
39
47% Apr
11
42
16% Jan
2
B
Household
5%
Finance
(new)...
2,800
Howe Sound Co
2%
2,100
Hudson
200
30
30
30%
30%
30%
29%
24
23%
24»A
23%
241/4
22%
4%
4%
4%
4%
5
18% Mar
34% Jan
20
43% Feb
A
Manhattan
non-cum
*32%
32%
33
26%
32%
32%
27%
32%
33
33
33
26%
32%
27%
28%
28
28%
27%
28%
57
58
58
58%
58%
58j/2
571/2
81
79%
79%
79%
79%
793,4
81
.'X; 24%
24%
*24%
25
24%
24%
*23%
23%
23%
23%
23%
24 3/8
27
*56%
57
*80
81
*79%
81
*23%
24
23%
23 %
24
24
*23%
23%
23%
23%
23%
23%
40
41%
40 %
109
109
112%
89
12%
6%
6%
76%
20
31%
84
6
32
6%
83
136%
22%
22%
22%
90
89%
40
40
*109
10%
">26
80%
79%
44 %
46%
*441/2
40
40
112%
112%
*116%
10%
80
*
137%
*10i/4
39%
*108
112%
•117% 137%
26%
25%
"6%
26%
*25»/2
26
22%
22%
22%
:S7%
34%
*881/2
39%
*81%
97%
26
26%
37%
83%
32%
32%
32%
136%
136%
*136'/4
136%
6 %
6
>.■
31%
136%
1361%
23%
24-
23%
24%
90%
90%
90%
10%
10%
IOV2
82
84%
83
*45
46
45
45
40%
40
401/4
41
41
60
.
83
461/4
10%
*40%
10%
-'26%
27%
>'
27%
27%
28%
3,700
22%
23%
22%
23
*23
23%
37%
*36%
37%
*36%
*149'/a
37%
<■110
34
34
112
95
30
"82
37%
*37%
112
34
95
*92
I'
30
81 »/4
96 3/4
30
81%
82
97
97%
97
26%
26
26%
•>
38
*22%
*37
38%
'
46
Jan
77%
Dec
27
8
Dec
2
24
11% Mar 26
20
8% Jan
25
3
38%
*110
114%
8% Mar 26
19
74% Mar 21
178% Jan
35
111%
111%
34%
X
r
96
30%
*111
31%
*93
X 700
39
115
5
4
1,100
Johnson
112%
:U0
97
30%
/•
4 c/o
&
26,000
'
*
Chicago
RR
X
82%
82%
900
981/4
/
98%
98%
-1,400
26%
261/2
26%
26V2
26»/8
26%
4,500
5% pref series B conv
Joy Mfg Co
25%
25%
26
26 V;X.:
26
27
800
122
122
pref
series
A
67%
Apr
82%
1
165%
Jan
180 %
Dec
Feb
21
1%
Jan
3%
Aug
15% Jan
18%
Jun
65
80
Dec
5
Dec
Apr
32% July
136% Apr
25% Feb
28
13%
Feb
21%
Dec
Mar
19
66
Feb
94
Dec
Feb
23
9% Mar 26
39
Feb
2
92
Jan
2
Mar 2?
94
9
130
Jan"~2
No
par
18% Jan
No
par
par
19
7%
Feb
21
68%
Jan
4
391/2
Jan
Jan
15
351/2
Jan
121% Mar
6
56%
Jan
93
Feb
135
Oct
11%
Jan
20
Dec
11%
Jan
20%" Aug
42
28%
Mar" 15'
17% Jan
2
24% Mar
19 % Jan
24
Jan
12
34% Jan 22
111
Jan
23
101
Jan
2
^.12 %
31
Jan
25
109% Jan 27
90 v.- Jan
10
271/8 Jan 24
Oct
Feb
28% Mar 16
145
■136
Jan
13% Feb
88
2
36% Mar 27
Jan
45% Apr
117
18%
12%
Jun
92
X
Jun
47
-
Aug
43
Sep
Dec
15
Apr
201/4 July
Mar
17
15
Jan
20%
41% Jan
9
29
Jan
45
July
138i/* Jan
144
Dec
24
147
Mar
1
5
41% Mar
6
113% Feb 15
115
Apr
13
37% Mar
1
1113/4 Mar 20
93
Jan
32% Mar
9'
27
Dec
Apr
38%
Aug
1073/4
Jan
112%
Nov
84%
Feb
105
30
Nov
1073/4
,90
Dec
343/4
Sep
Sep
May
111-
Dec
95
May
,
:
20%
Jan
28
Dec
100
79
8
58
Jan
80
Dec
J.00
1
Kalamazoo Stove & Turn
5%
/
Nov
7
183 % Feb
25%
15
No par
82%
8% July
10% July
188
7
79
100
X'
34% Mar
42% Jan
stamped__100
98
Feb
6 % * Jun
parX
Jones & Laughllrr Steele
82
Jan
Jan
100
82
Jan
6%
154%
6
4%
No
2nd preferred ser A
Joliet '&
31
6%
1
8
Oct
Dec
1
'
:
105%
Nov
5
..No par
Johnson
8%
40% July
Apr
Mar
82
12% July
19
par
No par
29%
104
Jan
lO'/a Mar
188
____100
:
Aug
7% Feb
No
35%
8 % Feb
Sep
x87
22% Feb
129
50
preferred
6
11:
Nov
165
Feb
9% May
7% Jan
15
Feb
Apr
111%
Jan
Mar
84% Mar
19% Jan 26
l
71%
Dec
2
84% Jan 26
1
88%
158
Oct
42% July
-106%
Jun
28% Jan 24
No par
preferred
4%%
9
July
6
44% Mar
109
35 %
100
2
100
Johns Manville Corp
14% Mar
20'/4
2
15
Jewel Tea Co Inc
7
7
22
Apr
Jan
100
Silver
5
Apr
Jan
15%
5% Jan
No par
3,500
16'
Mar
:
75% Jan
17
"
100
.
No
/
119% Feb
2% Jan 23
100
1
Island Creek Coal
114%
16
6% Mar 28
173% Jan
25
Intertype Corp
$6
109 V8 Mar
6
37% Jan
104% Jan
.
300
13
89
Salt
400}
48% Apr
171
No par
preferred
V
19
20
2
:
t
.
Feb
2
Jan
3
25 % Feb
26
par
No par
7% preferred
Intem'l Telep & Teleg.'
Foreign share ctfs—
Interstate Dept Stores-'.
4,400
39% Jan
1
97%
•
81% Mar 21
Feb
conv
International
*148%
114 »/a
114%
*92
X 30%
24
100
/
23'/2
37%
:X38XXX
♦110
35
112%
95
-
23%
37%
113
X 35
*34
*111%
29%
26%
38%
112
r
23
Dec
72% Jan
"
*23
*149%
"114%
*110
110
112%
*92
23
*149%
114%
109%
22%
23
Dec
56
Jan
Paper Co
preferred
Inter Rys of Cent Am
87;5oo
26%
23%
Jan
82
International Shoe
28%
Jan
No par
Preferred
V 200
Nov
Feb
10%
104% Jan
International
5%
32%
24
25%
166
preferred^.
5%
Aug
6
100
1,400
27%
X
4%
6
16
par
41
28
27
Jan
61% Feb
No
International
27%
t
1%
par
430
27%
23
6
29% Jan
par
'200
26
,X
5% Feb
34% Mar
No
y.
2,500
1
2
par
No
Int Nickel of Canada
1,500
83%
;
Feb
2
International Mining Corp
27,100
90
801/2
*44
46%
81/4
28% July
161/2 Aug
301/8 Mar
No
y
19,700
90
*10%
81
200
23%
23»/8-
11
22
Int Hydro-Elec Sys class A
International Min & Chem
1,100
32%
24»/4 Apr
19% Jan
Preferred
2,700
•
/'■/
26%
113
26%
20%
*81%
0%
OQ
109%
96%
■
20%
83%
61/8
137%
*81%
82%
*:'6
20%
6»/e
115
29%
30%
20
*82
83%
6
22% Mar
3
International Harvester..
6,500
*108
*88%
95
4%
*117%
X'X 26
114%
34
1121/4
3%
,
137%
*112%
34%
112%
/
28
30
Interlake Iron
380
■
!
Co
Intercont'l Rubber
6,800
25%
V
37%
20
/,
79%
183
117
•V'.
109%
4
•
183
*117%
>*■'
*110
3%
4
78%
78%
Dec
32% Feb
19% Jan 24
Int Business Machines
700
*110%
23%
'
183
10,200
Jun
2
105
Interchemlcal Corp
4%% preferred...
1,100
9%
181
137%
37%
37%
77%
182%
6%
9%
*178
2%
11.%
47% Jan
Insuransharpe Ctfs Inc
30
112%
*23
114%
78
183
*89%'
10%
*6%
9%
181
100
1,700
XX,
112%
*36%
109%. 109'/2
180
9
42%
108
*1171/4
22%
*110
6%
9%
9%
42%
108
137%
26%
;148
6%
6%
180
*8%
.
112%
36%
*117%
8%
42%
109
:*117%
.,
23
'22%
42%
*108
31%
90
10%
3%
43
Jan
Jan
Jan
18% Jan
Inspiration Cons Copper
6'/e-
23 %
90
44%
3,500
',20
136%
22%
80
12%
109
July
1%
15
par
preferred......
Steel
37%
Feb
July
6
6
14% Feb
..100
12%
6%
30%
3 % Mar
19
__No par
No par
12%
3%
31%
10%
1
Inger soli-Rand
*168
21
13'/4 July
16
1000
A
12%
*82
31%
80
Rayon
preferred
12%
1
6
136%
44%
$4.50
Inland
9%
§3
91
22%
100
400
6%
19%
r
XXX 6
32
Industrial
X
1,000
77%
136%
31%
X
Sep
70 %
Feb
Jan
No
8,300
48ai
108%
7%
Jan
No
Indianapolis Power & Lt
87%
3%
191/4
■XX
*110%
ctfs series A.
2,300
112%
183
137%
*90
;
3%
20
19%
*83
RR Bee
Aug
100
4%
86%
180
78
3%
112%
•168
42%
183
6%
*136%
y
77
*182
3%
83
*6
250
lines
18%
114
100
Co
87
6%
77%
20
83
Leased
Jun
100
RR
87
9%
182%
3%
180
■v
Apr
47% July
45
Feb
63
1
3% Jan
20
Central
13
Apr
14% Jan
preferred series A
87%
109
178%
77%
183
3%
6%
91/8
178%
182%
77%
*182%
*111%
112%
*8% X 9 -X
9
42%
108%
9%
181
*107%
XX
XX'-v
6%
12%
12%
41%
6%
6%
*178%
45
46%
108%
Illinois
1,000
75
27
Idaho Power Co
1,000
20,200
(
*86%
*168
88
108%
109
9%
181
112%
112
*8%
40%
*108%
9%
9%
*178%
9
*8%
39 %!
39%
109
45%
108%
109%
XX
33
'
87%
12%
12%
*32%
45
41%
*108%
*168
89%
12%
9
*8%
*39
-
41%
109%
112
112%
*87
12%
*108%
,
41%
*168
89
•
*108%
109%
*112
112%
*79%
41%.
*108%
*168
X!
Dec
117
Nov
2
Hupp Motor Car Corp..
58%
26%
57
,
Sep
Nov-
191/4
Jan
10
preferred..
18,700
X
4%
*56%
.26%
5
4%
13%
Dec
47%
21'A
i-
Oct
107%
Aug
23%
3
18
2
5%
1.500
1
Mar
Apr
22
69",600
%
4
'4%
4%
23
28
111% Jan
12% Jan
t C.
"
4%
4
66% Jan
v
Hud Bay Min & Sm Ltd
Hudson Motor Car
X
'
Apr
Houston Oil of Texas
22,000
24
103
Houston Light & Power Co..
1,000
30
Mar 29
26
preferred
11
Apr
Dec
25%
May
Class
900
125
X
Jan
4
11%
2%
115
26
Jan
44% Jan
40%
*11
119
Jan
42
17%
2%
Jan
117
39%
10%
131/4
Houdallle-Hershey cl A
39%
2%
22% Mar 31
15
16%
10%
Jan
17% Jan
75
39%
13%
July
36% Mar
19
7
17%
„
26
Apr
74
2%
Feb
20% Feb
43
18
■
Mar
73
Jan
41% Jan 23
16%
11%
201/4
2
74
401%
28
23% Jan
17
2%
29% Feb
Jun
134
Feb
Mar
Feb
89
Apr
19%
78
131
Nov
27%
X
Jan
114
25
73%
40
63
4
12
15
15
Jan
72%
*10%;
11%
2
Apr
Feb
Feb
Sep
Dec
170
Mar
26% Mar
72
160
75
134% Apr
Dec
22% July
75% Feb
Apr
25
4.700
*
8
112
Apr
Jan
160
Homes take Mining
300
108% ,108%
20%
82
108%
2%
.2%
*10
11%
t
■
39%
39%
39%
39%
2%
20%
27
108%
13
123
20
63%
4
30 Vb Apr
Holly Sugar Corp
5,500
"
.
Sep
Jan
76% Mar
16%
16%
*10%
48%
27
21%
27
108 Vo
X;
48%
20%
176% Apr
Jan
Hollander & Sons (A)__
900
9%
8%
Mar
preferred
conv
X
Jan
99
2
170
2
21%
I per share
Apr
4
preferred
$4
4,400
117
13
Hlnde & Dauch Paper Co
Hires Co (C E) The
Holland Furnace (Del)
1,100
X
;
8
6%
8
Feb
22% Feb
10
71% Apr
15
8 "/a Feb
118
Highest
$ per share
22% Jan 22
preferred-
Hershey Chocolate
x^X'iX.
400
V
.
W)
Motors
108 »/2
72%
161/4
47%
*47
48
21
21
*115%
—
48%
47
*47
27
27
"
*108%
108
*10
20%
20%
109%
72%
72%
16%
108
*116%
119
119
16%
109 %
22%
XX X:
Mar 13
12% F*'a
-
Lowest
,
t per shc.re
Mar 26
108
Co
Hercules Powder..
100
46
*18
43
13
'
6
Glass
non-cum
6%
4
20% Jan
(G
7%
Hercules
200
132
*27
*26
9% Jan
Co.
Helme
50
29
26%
118
Hecht
30
176%
*26
'
Hazel-Atlas
29
—.1
1944
Year
Highest
1 per share
Mfg Corp
240
29%
134% 134%
132
*130%
Hayes
"
28%
26%
*26
Hayes Industries Inc.
82%
*82
\
X.
76
*74%
75
75
175
Par
900
110%
21%
21%
Range Since January 1
Lowest
6)500
7
6%
6%
110
21%
21%
175
76
176%
28%
29%
6%
Range for Previous
STOCK
2,600
10%
29%
♦175
176%
28%
29%
10%
••••••
110
110
21%
*21%
'
*175
6%
6%
6%
6%
109%
11
YORK
EXCHANGE
Shares
S per share
share
11
11%
10%
109%
21%
♦175
S per
11
10%
-
110
21%
176%
75'/a
t per share
I per share
6%
6%
6%
109%
21%
XV.
S per share
NEW
the Week
Apr. 13
Apr. 12
for
Sales
Friday
Thursday
Apr. 11
Apr 10
Apr. 9
Apr. 7
RECORD
STOCKS
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
Monday
Monday, April 16, 1945
91% Jan
2
1033/4 Mar
6
66%
Jan
93
Dec
19% Jan
9
273/4 Mar
19
10%
Jan
20%
Dec
21%
Aug
Mar 27
85% Mar
6
K
XX %.
*122
26
XX *24%
124
*122
17%
39 %
*24%
124
*122
123
*122
123
rX
>■
*122
123
17%
21
17%,
17%
17%
18
,
18%
18%
18%
39%
39%
VO
26
39%
401%
40%
40%
41%
41
41%
21
19%
19%
*191/4
*273/8
27%
*27%
28%
28%
26%
*26
26%
26%
26%
26%
22'%
22%
22%
21
*19%
10
21
17%
18%
41
28%
*26
28%
26%
28%
27
V:%
*19%
27%
27%
V6
X KJ
*
.
41
15,900
1,500
X
*19%
20%
28%
'X
Kan City P & L Df ser B
Kansas
28'/4
.
263/8
27
"500
City Southern
non-cum
100
Kaufmann
500
Kayser
&
22%
22%
22%
233/a
23%
23%
23%
112
111%
111%
*111%
112%
111%
111%
111%
111%
X 600
:'X 60
Kendall Co
38
371/4
377/8
37%
38%
38%
38%
373/,
'Vi y8
24
♦23%
24
38%
17,300
24
24
43%
*43
433/4
9%
*9
9%
t
-
rj
112
.;
43
24
*23%
%
43%
*9i%
9%
7'i"
73%
733/4
73
301/2
30%
30%
30%
109%
109%
109 %
109%
*1091%
110
27%
26%
27%
26%
*9
74
30%
:«%
•
73
•0%
43%
27
*73
<
30%
*109'%
24
,i
7 :/g
X8%-
k%
4
9
*8%
38
93/4
-
*9
9%
XX:'.
*23%
25
43%
*42%
43%
*42%
43%
9%
*9%
93/4
'V-9%
9%
74%
*73
30%
31
73%
31%
73
31
73'/2
*109%
110
109%
27
26%
27
26%
.
*9
10
*9
*9
10
10
■
37%
37%.
373/4
37%
37%
373/4
37%
38%
38%
37%
38%
38
38%
38
39
4%
5
4%
5
4%
5
4%
5
5
78 % Jan
15
30
Apr
1083/b Jan
6
34% Jan
3
600
26,500
4% %
Kresge
preferred.
Co.
(S
H)
__1
& Co
39
Dec
37%
Nov
100
No par
434 Apr
31% Jan
3
35% Jan
19
26
Apr
x31%
No
Gas Lt
par
30
Jan
24
443% Apr
12
17%
Jan
311/4
Dec
5
47
Jan
22
543,4 Mar
2
38
Apr
491/4
Dec
10
12
Jan
4
151% Feb
15
Jan
12%
20
■/21
Apr
6
113
Jan
Co
12%
12%
Lee
12%
12%
13
13%
13%
34
34
34%
13%
34%
*34%
6,600
35
Lehigh Coal & Navigation Co
3^1/4
34%
35%
1,600
Portland Cement
preferred
Lehigh Valley RR
Lehigh Valley Coal
*21 %
1*734
57%
22%
18
2%
2%
41i%
42
4,900
39'%
39%
393/4
40
40
40%
39%
40%
3,000
22%
221/4
22%
223%
21%
213%
800
18 %
18'/a
18
181/4
18i%
18'/a
18
18i%
57%
57%
58
58%
58%
58%
591%
59
60 3%
57%
8 3/4
*48%
86%
85 >/8
85
85%
86%
34
2%
42%
*21 %
8%
193
4,400
2%
40%
18%
57%
193
5,000
2%
2%
40%
21%
48%
*33%
8%
2%
40V4
21%
8%
85
8%
2%
40%
*18V8
.48%
*84
83%
2%
39%
39%
192%
34
9
8%
8%
8%
9
49%
48 'a
48%
*46V2
48
85%
*84%
87
*84
86
85%
86
85
193
192%
34
*34
192%
35
192%
*34'%
853%
194
*213%
8%
48%
*84
85
194
9
8%
9
(The)
Bryant
Rubber & Tire
Lerner
Corp
48%
*48%
86
*85
194
84%
*192
49%
300
Liggett & Myers Tobacco
4%
Jan
8%
Dec
2
1%
Jan
2%
Dec
20
15%
Feb
39%
36% Jan 22
42% Mar
1
29%
Jan
38%
Dec
20% Jan
23% Mar
7
18%
Jan
21%
Jun
35% Jan
30
3
10% Mar
3
1
17% Jan
22
19i% Feb
28
17%
par
51% Jan
24
603% Apr
13
42
7% Jan
2
9% Mar
2
6%
1931/2
160
9
39
Dec
19%
Dec
Jan
53%
Aug
8% July
49% Dec
47% Mar 28
52
Feb
1
78
Jan
2
87% Mar
13
68%
Jan
25
78
Jan
3
873% Mar 12
67%
Jan
100
Preferred
181
Jan
5
Jan
194
Apr
11
174%
21
26%
Dec
Apr
23
;
Spries B
Oct
Dec
Dec
Jan
6% Jan
X 2Vs Mar 26
7
No
Life Savers Corp
1.800
■
45% Feb
(new)—No par
Libby McNeill & Libby:
200
86
85%
127 '
22
var
-
85%
31%
.*
Dec
5
Corp (The)—
Lehn & Fink Prod Corp
Libbey Owens Ford Glass
Feb
Mar
2
1
Lehman
Stores
37
143
50
2,000
23,000
29% Jan 24
123% Jan 29
50
No
preferred
3,400
,
7% Feb
25
conv
conv
5
100
Lehigh
6%
Oct
Jan
200
40
10%
Jan
513%
2%
Jan
Dec
273/4
*51
391/2
Nov
31%
513%
*39»/2
Dec
27%
2
*51
2%
63/4
34%
108%
Feb
7
51%
39%
13
Dec
Dec
39 % Jan
*50V2
40
Feb
22
41% Mar
13
2%
11
39
108%
Dec
19
Lane
39 »/8
6
Dec
24
Lambert Co
40
7
5
78%
Jan
800
4%
8 3/4 Apr
Mar
27% Feb
112
Jan
Jan
600
145
6
Mar 26
Oct
9%
37
34
35%
26
54%
Feb
36
443%
*137
73
3
par
No par
Kroger Grocery & Bak——No
Laclede
100
.10
Kresge Dept Stores
Kress
par
.10
....
(S S)
51%.
35
Dec
21
No
*50
142
Dec
Feb
140
Jun
May
37%
42
50%
8%
115
Jun
Jun
24
50%
*136
19%
Jan
May
Dec
Aug
293/4
Jan
33%
8%
13%
111
19%
*44i%
142
28
31% Mar
44%
8%
24% Feb
115
14
33%
*136
7
20
44
8%
2
20%
24%
23
33%
142
18% Jan
110% Mar
Feb
X26
453/4 Feb
33%.
7%
Jan
10% Feb
43%
*134
Jan
24% Feb
33%
8%
Feb
17
20
7
8
43%'
142
13%
14
27
15
33%
7%
Mar
29% Feb
28% Feb
8% Jan
43%
*137
21
22
223/8 Jan 23
38% Jan
*33V2
8%
18% Jan 26
23% Jan
...1
22% Mar 10
*42%
140
Mar
par
43
8%
39%
1
33%
*144%
Jan
10
33%
13%
193/4
Feb
*413/4
13%
15
39% Mar
43
13%
Mar
35% Jan 24
34
X35
44
No par
43%
52
22
No par
■42%
*51
Jan
...1
3,500
5%
Dec
34
124
No par
4,100
37%
38 %
14%
Dec
No
200
37%
Jan
117
Kimberly-Clark Corp
Kinney (G R) Co
$5 prior preferred
Koppers Co Inc
2,400
XX 50
26%
110
38i/4
4%
-
6%
Mar 26
Keystone Steel & Wire Co
200
■
Apr
19
124
100
'
32
110
*37%
38%
X
pt pfd A.
16%
183/8 Mar
—1
$6~
1
22
300
.
27
*
«%
24
28% Mar
3
Jan
...5
Co
Kennecott Copper.
*23%
*42
:
112%
7%
3
Jan
13
...1
Dept Stores
(Julius)
Jan
117
par
.100
Kelsey Hayes Wh'l conv cl A
37%
:
■
20
preferred
38
*112
..10
No par
No
Jan
83%
86%
182
Jun
Jun
Nov
35
54
54%
53%
*34%
351%
35
54%
35
54
Mar 28
54
38% Feb
54%
56
56%
57
48
48
47 3/4
48%
56%
56%
2,300
Lima Locomotive Wks
48
No par
47% Jan 25
591/a Mar
1
36
48
Apr
52
Dec
48%
49i%
50
50
50
50
2,200
Linic Belt
No
41% Jan
51
7
37
Jan
44
Dec
For
footnotes
see
page
1675.
-
„
200
Lily Tulip Cup Corp
Co
No
par
par
32
22
Mar
Feb
32%
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
^Volume 161
Apr.
Apr. 9
Apr. 7
$ per
$
share
21
21
21
31%
31%
31%
20%
20%
20%
32
"
21%
22 V4
22'A
33
33
333/e
333A
33%
20%
21%
20%
2IV4
20%
21%
77'%
78
77
771/4
76'%
V'
33%
20%
'
223%
32%
22 %
77%
77%
77%
77%
511/4
51'A
51%
51%
*51%
52
52
52 3%
52%
52%
52%
17
17.
171/4
17'A
17%
17%
is
77%
4
17%
17%
17%
17 Va
16%
*44%
45'/2
*44%
45%
45
45
22
22
22'A
21%
21%
21%
,
174
172 %
26%
26%
26
46
22%
22%
*45%
54%
54'
173
26
26'A
26'A \
54%
54%
54
54%
*148%
33
*31%
33
*31%
33
*148%
153
*148%
153
*148%
153
*32
:;;/c
34
54%
54%
51%
52%
52'/2
53%
53 %
323e
32%
32%
32%
32%
32%
109%
109V2
*17%
18'/2
*17%
18
18%
*17%
18%
18%
17 %
17%
18
25%
25%
251/4
*25%
26
3%
3%
3%
m
7%
7%
7%
8
20%
16 »/4
24%
24%
31
24%
*36
36 %
8%
43
*30
<
31%
30%
20%
20%
*112%
114%
*112%
33
20%
57% .57%
56
24% ::.24%
24%
113%
*111
*110%
TQ
39
24%
25 Va
24%
*110%
113
*110%
*105
96
95
95
*'i% -}f.'
*43%
■'v
16
*15%
111
108 %
53»%
53%
54
*53
>v55;v.
6%
15%
41%
41%
*27%
28%
88%
87
114%
26%
*113
25
114%
114%
11%
11%
99%
99%
*25%
"25%
*82%
83%
*82%'
15%.
23
47/s
Jan
12
6
37%
Apr
51% May
13
25 %
May
28,200
,
28%
29
29
-
;
88%
88%
89
115
*114%
115
118%'
*110
58
*41%
41%
41%
41%
*41%
42%
38%
38%
38%
38%
38%
38%
-
/•'it
.
41-
38%'
•
:
27%j
26
25%
86
*112%
15%
53'A
v-
26
85%
*•112%
X15 %
15%
55
*53
/
26
86
113
86
113
15%
26V4
*25%
25'%
85%
*112%
11%
53%
85%
113
15%
15%
55
*53
/
11%
11%
*25%
86
:
iU
I51/2 4
55
*53
112-
8
Jan
13
13
82
Jan
100
Mar
6
70
Jan
94
13
31%
Apr
381/4
Nov
8%
Jan
16'/4
Dec
Apr
100
3
Jan
2
403/a Apr
14% Mar 10
17% Apr
58% Apr
11
Apr ,13
3
331/8 Mar 10'
44
37-
3
1063/4 Jan
4
109
2
Jan
24
Jan
3
45
20;/
Jan
551%
Dec
Mar
39
Aug
Jan
38
Dec
30
107
Dec
107
Dec
1
6
Apr
8'A July
23%
Sep
6
27%
Jan
28 'A July
39
Aug
6
1161/2
Jan
•
1
Mar
,
46
Apr
583/4 May
191/4 Feb
19
16
12%
Oct
19'/4
Dec
4
2%
Dec
vl% Mar 27
?
2% Jan
/
471/8 Mar.
Jan
30
110% Jan
19
114
IIOV4 Jan
13
1
II31/2 Jan
111% Mar
-
5
2
30
6%
Jan
5
931/2
Jan
8
17%
Feb
21/4
Jan
8%
51/2 Jan
22
9% Mar 19
22
31% Mar 19
4
119
Apr
2
923% Mar
6
Dec
39%
Jun
193/4
Sep
25
Apr
88 7/8
Jan
114
119%
Sep
113
Aug
Nov
12
107%
Jan
13
41%
Apr
537/8 Nov
Feb
21
35%
Jan
42
2
211/4
Jan
353/8
Dec
273/4 Apr
13
151/2
Jan
247/8
Jun
Jan
25%
Dec
*
1
16 3/4
7
26%
Apr
6
13% Feb
19
4%
Jan
971/8 Mar 27
101% Apr
11
72
Jan
Jan
8
273/4 Feb
17
20
Aug
x821/4 Feb
15
86
Jan
16
70
110% Feb
1
115
Jan
i
4
110
1
No par
—No par
No par
22
-
Oct
117
36 % Mar
9 % Jan
Oct
1113/4 May
6
31% Jan
Dec
187/a
Jan
39% Apr
28% Mar
23% Mar 27
5
,—1
Murphy Co (G C)
1
4P/4 % >preferred*.100
Murray Corp of America—
10
Myers (F E) & Bro
—No per
61/4
Jan
Apr
1113% Apr
20
41
Oct
Jun
23% July
743/4
114% Jan
.
9%
111
29
13
B
Dec
Jan
Apr
Co..
112
Sep
31% Mar
16% Jan
Dec
Nov
116% Mar
9
Dec
113
4
115
Corp
114
108% May
2
7% Mar 26
5
Brass
46
Apr
22% Jan
2
Wheel
Oct
Mar
107
Mar 13
79% Jan
Essex——;
l3/4
36'A
105
109% Jan
-36
Oct
12
421/4 Mar 26
111,
144%
Jan
68
Mar 24
151/4 Jan
Oct
37
Mar
160
Sep
27
293A Mar
Jan
*
Jan
Dec
25
9 % Mar
7% Jan 23
193/8 July
2
44% Mar
Jan
:
16% Aug
11
543/8 Jan
53
Oct
Dec
27
105
12
35
—10
Dec
137/8
111
7
Jan
26
1043/j
Feb
Sep
Nov
5
94 i
-
Apr
10
103
Dec
553A July
Apr
111% Jan
preferred
Munslngwear Inc...
500
97
9
22
283/4
14% Feb
•
12% Mar 27
983A Jan
Apr
20 Ve Feb
3
17% Jan
Mar
14% Feb 28
24:
10
$7
6,800
lOO:
15%
108
4
25
8
Mulllns Mfg Co class
2,700
200
26
*85
*112%-113
21% May
Feb
4,600;
290
101
101
2
23
Motor
101%
28% Jan
33
Mueller
11%
6
213/4 Jan
3,100 c
101
Apr
32% Jan
4,100
11%
24-
50
No par
26'A
101%
Mar
2
&
35% v
11%
47
25'/4 Jan
Motor Products Corp+—
25%
101%
6
44
34-%
11%
61% Mar
60
35
IOOV4
2
112%. Apr
323/4 Oct
Feb
Jan
12
26%
11%
14
52
27
27
100%
27
13
Morris
Jun
Feb
13
43% Apr
7.500
Oct
21
20
13% Jan
D<*
Jan
23'% Feb
1043/4 Jan
July
29%
35% Apr
Mar 26
26
•
7
47% Jan
26%
■26%
223% Mar
3
'
11% July
44
110%
Jan
2
No par
series C
Dec
Nov
16
;1
193/4 Jan
^—3
100
,-100
100
1
—No; par
10
247/8
176%
Mar
30% Jan 25
1093/4 Jan
Jun
193/4
35% Mar
108% Feb
34%
26
25%
32%
1061/2 Mar
1093/a
pfd__100
5
Chemical Co
Mar
4% Mar
6
12
Mar 15
No par
34%
25%
170
10% Feb
112
25
Sep
29
9
Jan
preferred
$4
200
41
37%
16
Montgomery Ward & Co.i—No par
Morrell (John) & Co
No par
110;
19% May
16
Mar
43% Apr
4
15
19% Jan
Preferred series B
.
273% Feb
36% Apr
118
6
preferred ser A..-—No par
No par
$4.50
/
'
.
33,400
60
Corp
Monsanto
40
111%;
114%
115
58%
,
Apr.
8% Jan
preferred series A—
-.100
Carpet Mills.—
20
Monarch Mach Tool———No par
900;
;
'
40% Jan
1%
2,000
:E
32'/a Feb
1101/2 Jan 29
271/4 Jaa 22
,
Mohawk
1,300
29
87%
:V
87 ;:v
.
46% Mar
Mar 26
36
--18
Mo-Kan-Texas RR
37,500
-
40
No par
preferred
$6.50
?
26%
55
*53
55
*53
Mission
25%
15%
12% Feb
—5
impl
Minn Moline Power
1
34%
85%
Dec
9% Mar 26
—
3,900
25%
113
Dec
253/4
Products
;
34%
25%
*25%
15%
,
25
100
*112%
113
t
32%
11%
11%
99'%
May
20
Jan
Co_—
Regulator
4% conv pfd series B„
41/4% preferred series O
4% preferred series D
25%
33
21
Apr
161/4
—1
—50
vtc
B
33
25
J 25
Jan
131/2
1
—1
Minn-Honeywell
300
43% '
42%
42%
42%
119
25%
15%
7%
25%
<!, 111%
;
113
7%
24%
56
38%
;
7%
villi
42%
3,106
27%"
25%
56
38%
25%
12%
271/4 Mar
35
,
7%
111
*41%
33
183/4 Jan
211/3 Mar 16
137
Class
•
11
No par
50
7%
24%
120
38%
50
>
us:.:-/.
27'/2
27%
27
55
42%
;•
Aug
8% Jun
22
8% cum 1st preferred
.100
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
3,700
4
22
No par
Steel
Apr
16'A Apr
5
Copper.
Midland
8
18% Jan
No par
*—1
100
10
*
111
38%
'
6
10 3/4 Jan
21% Jan
;/
111
7%
*113%
*116
*41%
25%
*114%
114%
*108%
7%
114%
7%
7%
28%
112
111
*109
42
87
: 1,700
112%
55
*110
y? 54%
:
Jan
Mid-Continent .Petroleum—/
,
190
800
112%
*114
26
*27%
■>
1,400
/
*111
111
54%
25%
/
Miami
9,600 ;
2
*111
120
•54%
32%
6%
—*
—I
100
Metropolitan Edison 3.90%
220
44
*118
54%
*25
20
Co.:
Machine
800
112
*118
*116
120
,
27
41%
28
111
111
7%
7%
87
*110
8% Feb
-
Trans
Min
Mesta
3,900 /
>
16%
16
43%
>
conv
;
"
*111
25%
86%
*116
111%
44%
5%
&
55
2
44%
*111
26%
41%
•
112
113%
7%
27%
111
9
'7% Mar
(The)—
1st preferred
Mengel Co
V
Merch
:
3
44
54
:•**.. 2-H
7%
26%
87%
120
'
Jan
Co
Melville Shoe Cor pi
t
157'/4
1571/4
16%
16%
17
;/'-44/:/
113%
7%.
41%
54%
*110
*109
111
113
28
.
111%
112
41'%
*41%
•111
26%
7%
8'A
28
*87%
7%
28
2%
No par
1,200
28%
43 %
43%
43%
*1% r- 2
44
44
111% 111%
112%
26%
6%
16%
16'%
2
2
:?/*43/v-
7%
24%
"118
53
115 '
26%
26%
25%
*113
157
;
8
No par
Mfg.
230
-
8
28%
28%
156
*108%
6%
7%
8%
6,300
/>: 1,040
:;X
108
*106
108
8
28%
28%
27%
27
:
43
in
7%
26%
8
157
115
*112%
25%
8
39%
*108
108
8
41%
•108%
'
7%
40%
1561/4
*1111/2
113%
39%
39%
42%
112
7%
44
157%
*111%
*112%
58'%
44
26%
2
4% Mar
preferred series A—.—No par
$5.50 pfd ser B w w
No par
1,700;
17%
57
157%
43%
*117%
112
*111%
107%
.'=>17
57%
43
39%
39%
108
17%
38%
*41%
16%
*1%
43%
115
111 %
7%
54%
16
2
43%
.
39
39
17%
57 %
4iy2
*53
Oct
2
$6
100
40%
39%
40%
-A&
58%
*38'/4
107%
96
96
17%
57%
38%
157
157
54%
*53
57'%
V 39%
27%
27%
41%
42%
157
17%
8
Dec
Jan
3%
1
j._. 5
100
Mead Corp
10;
39
17%
16%
56%
39%
Dec
16
243A
Co—
Stores
McQuay-Norris
2,200
:
/:
105
105
VVf^-
*96
i,
13
12%
13
109
*105
39%
39
38%
108%
8
27%
26%
157
,
57
39
7%
7%
*95
97
39
17
10'/4
preferred
5%
300
6%
Feb
preferred
McLellan
900
19 'A
Oct
Dec
Jun
Feb
*
12%
12%
109
38%
39
*108
108%
*41%
19%
$4
100 V-
14%
*19
-19 'A
19
•
4,100
25'A '
*no3Aai3
113
*110%
113-
*105
109
-
*
24%
109
16%
39
*108
*
241/4
12%
*38%
;
24%
108
19
22%
391
10%
Mclntyre Porcupine Mines
McKesson & Robbins Inc
14'A
Jan
18 a/4
1
2,500
*18%
57
-
57
*107VB
Jun
6
'
57
143/4
Jan
143/4
Dec
2
Corp__*.
57
108
14
Dec
38 7/8 May
IO81/4
15% Mar
McCrory' Stores Corp..—;
5% conv preferred w w
56'/2
12%
*38%
McCall
56%
14%
Jun
26% Mar
No par
—No par
—No par
56%
108
2
104
17
McGraw-Hill Pub Co
14%
Oct
20
McGraw Elec Co
108%
27
Mar 26
8
-
preferred.
preferred
$3
1,100
-
Feb
19
12
1,300
7
1
26
20%
14%
Nov
48
X26% Aug
-5
221/4 Jan
23% Jan
35V4
*108
Dec
148
Jan
34%
Mar
Mar 28
1761/2 Jan
20%
14%
30
Feb
135
343/4 Mar
110
par
35
-
Apr
247/a
Jan
,-No
$6 1st cum
<
1(600
114%
*112%
t
6
-100
(new)-:—5
Wks
Alkali
20%
l
253/4
27
4
20%
19%
17
20'A
Feb
Mar
55% Feb 15
27% Jan
u*.
Maytag Co
-
800
32Va '
Co
20%
56%
12%
57
''
32'%
Elec
preferred
7%
20
20 Va
33
152
315
No par
---1
May. Department Stores
600
'
,
3
Jan-16
28% Jan
147
.'.No par
Corp
Corp-
Mathieson
2,400 t
•
L*'
33'A
351%
Jan
—1
35
*18%
17
57
4.
20'A
114'%
Dec
20%
1
57% Mar 19
Mar 27
No par
20%
108%
•38
•
20%
*35
165
Jan
Co
34
19%
39 & .39
*
»
9% '
111 %
'*32%
*112%
27% Mar
Jan
14
prior pfd
L)
33%
*14
95
*
—
151
4
24
;
20%
12%
99
Master
2,200
Corp
Ry 6%
Martin-Parry
3,800
43%
x43%
43%
—
2
52 J
Apr
5
r
Field & Co
(Glenn
Masonite
*
20%
12%
*104
St
1,500
/
r_
L
Midland
Market
■*
'
36%
9'A
9%
9%
43%
'
•
36%
36%
36%
♦lit
20%
*112% 114%
Marine
-
2,000 7
*185%
.
4
8
No par
3.400
7
•
24%
24%
—
174
Jan
23% Jan
100
Oil Exploration.
Maracaioo
630
"
31
*30
245/a
24%
9%
*18%
109
*103'%
v,?;,'
31
31
43%
12%
i2y8
166'
_10
Co Inc
Manhattan Shirt
24'/4
36%
33
^
Martin
*186
8%
,32%
*108
113
20% July
23% Mar
2
22 A May
-
Marshall
31V4
' —/
*43%
::
19%
*19
■'
36'%
14%
xl4%
Apr
50
Bros
b.ouu
241/2
24
108%
*
14%
Dec
17%
18% Jan
No par
24%
24%
*108
108%'
14%
44
r
56%
57
*108
*3a%
*185%
114%
*20
.
Jan.
46% Mar 14
3
7,400
7
:
20 Va
33%
20%
Dec
28
40% Feb 20
16% Feb
24%
.
31%
*112%
33
20%
20%
Dec
16%
17
163/8
10%
*111
20%
114%
33
*32%
53
Jan
Copper
21
42i%
36%
31%
20%
20%
Feb
8%
24
16'A
10 3%
*111
30%
403/4
2
55
22
20%
42
8%
111%
7
20% Mar
311/4 Jan
25
10%
43%
111%
Mar
6
106% Jan
16%
43
8%
111%
23
100
21
42%
43%
111%
Jan
15% Jan
—No per
Mandel
1,400
10%
9
43
Dec
50
Garden__„_No par
;
1_10
Mahoning Coal RR Co
50
Manatl Sugar Co
1
—
19,100
v
43%
43
8%
9
*42%
7%
10%
24%
36%
36%
73/4
'
10%
*185'/a
36%
81'/4
.10
ilOO
Inc
pfd series A
24%
%
25
33/4
3%
42'A
31
.
24
_
100
42%
41%
*185%
May
Magma
400
10%
10 %
30%
245'8
24%
185 'A
24%
.;
7%
16%
20%
41%
58
2
X20%
16%
20%
30%
30%
30
*24%
*
16i%
20%
10%
*41%
42
*41%
16%
20%
■j
7
80% Mar
Madison Square
•
1
2,400
•
26
*25
3%
.
7%
16%
10'/8
10%
*10%
*3%
20%
24%?
*
8%
7%
24%
22
22
47% Jan
4%%
100
s
450
CO -3 O
14'A
3%
24 Vs
Nov
73% Jan
Forbes
Trucks
Macy (R H)
'
2,000
8%
7%
r
Dec
23 %
new
preferred
6%
Mack
*
14'A
4
24
30 'A
Jun
—No par
Nashville
&
MacAndrews
100
'
8%
7%
20 %
;
6,400
-v
17%
143/4
3%
*16%
18%
17%
450
8%
4%
17
*17%
4*
'
"
110
*108%
*14
20%
.
Jan
14%
;>;;/// M
'
20
3,400
33%
33
33 •%
109%
*370
8%
*24%
4
100
,
J
*14
25%
*24%
193/4
1
.1
8,400
!
14%
8%
8%
14%
*25
25%
^2%
*109
450
*370
8%
14%
14
14
450
*370
8%
8%
8%
14%
18
18
17%
450
*370
450
'8%
"14
18%
*17%
17%
18
*370
110
*109
110
*108%
110
Nov
13
23% Mar
25
Louisville
543A
531/4
543/4
52
17 %
173/4
34% Feb
31
19% Jan
•
-
32%
*17%
7
2
191/2 Jan
Co
Louisville Gas & El A
'
*
24'A Feb
291/4 Jan
Biscuit-
(P)
1,000
-
.
148
148
32%
108
-
Cement Corp—.,
preferred
7%
240
34
*32'A
7.
Lorillard
t per share
No par
c
Loose-Wiles
300
Highest
I per share
'•
\A
153
*148%
52
*
174
I per share
No par
;
Long Bell Lumber A
-11,400
26
*172'A
Lone Star
,
54%
:
•i' *31%
32%
153
23'A
26
26
'■
32 >A
1,200
1
'
46
22'%
t per share
No par
Loew'p
3,000
r
■
Highest
No par
No par
1
Refining Co
Liquid Carbonic CorpLockheed Aircraft Corp
Inc
1944
Lowest
Lowest
4,700
77
173
173%
173
53%
451%
22%
22%
26%
*26
54'A
54'A
54'A
54
46
*45"
172'A
172'A
172 %
26
172%
,
'
Lion Oil
3,700
,7,300
Year
Range Since January 1
*
Par
800
'
/
M'
53'% '
77
STOCK
EXCHANGE
Shares
$ per share
share
21
,
20%
;
$ per
the Week
20%
21'
21
31
20%
$ per share
Sales
Apr. 13
Apr. 12
NEW YORK
for
Friday
Thursday
Apr. 1L
$ per share
share
per
Wednesday
10
Range for Prevloii
STOCKS
PRICES
SALE
Tuesday
Monday
Saturday
Oct
,333/4 Dec
10%
100
Oct
Oct
24% July
84
May
Nov
Nov
1163/4
Feb
Jan
143/8
Aug
Jan
;
531/4
Oct
13
Jan
5
16% Mar
6
8%
53
Jan
5
55'/4 Mar
8
43%
15% Jan
20
6
11%
Apr
N
*
,16% \16%
40%
22 %
22%
17%
17%
;f.*9%
12
17%
39%
40%
40%
40%
40%
42
40%
41'/a
490
23
22%
23%
23%
23%
23%
23%
4,700
National
22%
3.400
National Airlines
8,300-
Nat Automotive Fibres Inc
16%
10%
IO1/4
10 %
10%
12
11%
11%
11%
11%
14%
15
15
15
15%
15%
24
24
10
24 Ve
24
189%
190
189%
190
V
:
24V4
24
24'/a
*190%
190
21%
21 %
21
/
21
*20%
21
14%
14%
15
14%
15
192
21%
21
14%
14%
15%
15%
10%
12
11%
12
15%
15%
1,000
National
Aviation
24%
6,300
National
24
191
191
21%
"20%
24%
,191
;■
400'
21%
15%
15%
15%
151/2
15%
15%
151/4
14%
15'/a
4,100
4,200
14
10,800-
'
14
13%
13%
13%
14
14'/a
14
14
28 ]/4
28%
28%
29
29%
29%
29
29%
29%
29%
23%
23
23%
23%
24%
24
25
*11%
38
183
183
*156%
*17
*32%
*
17%
•,
24 %
,
34%
;
104
•
26%
14%
14%
103%
*102%
26'A
26%
156 %
158%
156%
24
34%
*156%
158%
17%
*17
17%
23%
17%
*23%
*32%
1831/4
183
23%
*33
23%
*34
34%
12%
39%
40
14%
15
14% *"15.
103
26%
102%
184 -' ■
158%
158%
..
17%
'24%
34%
103
27%
26%
184
184
158%
*17
17%
*103
25
'27%'
24
8.000
180-
5,300,.
,.-,2701
;
90
17 %
100
*. 158
34
8
■
.
"483%^
*17%
34%
24%
*34
400,.
'.ii03%;
27
183
*155
9,300
40:/'
40
*
1,500,.
24
34%'
%
National
300*
Nat
8%
8%
8%
8%
8%
8%
8%
8%
8%
66 %
66%
*66%
66%
66%
6 7'A
67%
67%
66%
68
J
16%
16%'
16
15%
16
16%
16%
29
29
29%
29 %
29%
97%
97%
97%
97%
98
102%
102%
18%
103
103%
*102'%
11%
*11
*29'/a
29'%
96%
18%
*11
16%
*16
*34%
35%
109%'
*108
75
*70
18%
-*16
35%
*108
*70
18%
111/8
16'%
*16
35%
36
109%
*108
108
*107%
108
*107
108
footnotes see page
103
103
29%
29'/4
29
29%'
'97%
97%
96%
97
*102
103
103
-t
103
18%
18%
18%
18%
17%
18
U'/a
11%
11%
11%
11%
11%
{
'
'
11%
16%
16%
*35%
36
*108
109%
*72
75
108
*107% 108
1675.
103
J
29%
98
18%
108
108
*107
'
*70
75
*107%
For
18%
*11
97%
'
*107%
108
16%
36%
109%
75
16V2
35%
*108
*72
"
16%
16%
.
17r
2,600
4,300
700
1
1,400
500
35%
*35
36
«
109%
*105
109
'
75
*72
108%
*107%
108%
108%
108
*107»/2
108%
*107%
•
•
conv
5%%
prior
6%
Natomas
20
—No pa)
Co—i.
Nehl Corp
—
conv
5%
6
9
Jan
13% July
13% Feb
14
No par
Jan
9%
7
25% Mar
191
5
23 £
137/8 July
10% Nov
16% Mar 19
24
Dec
Jan
157/8
20% May
243/4
Dec
Dec
12
Feb
165
Mar
181
Dec
24
Apr
18
Feb
21
Dec
17%
81/4 Jan
Apr
13% Jan
2
16% Mar 13
6
353/4 Feb
20
26
Apr
34
Dec
12% Mar
9
15% Apr
14% Feb
9
X10
Sep
Feb
23%
Aug
14%
Dec
13
Jan
24% Jan
v
2
Jan
4
37
Jan
4
Jan
16
243/4
Jan
113/4
301/4
Feb
Mar
6
26
Jan
16% Feb
;i9
9
Feb
Feb :17
12
87%
Jan
Jan
377/8 May
37
|Dec
25%
Jun
106
7
19
184
Apr
-n
164
Feb
181
159
Jant.
3
141
Jan
159
Feb
5
16
Dec
221/4
Jan
Jan
16'% Jan
4
27% Mar
.
18
*
20
173^
Apr
23
Feb.15
28%
Apr
34
Feb
21V
Jan
27% Feb
33
Jan
37
Dec
14% July
104%
5
2
24
Dec
Dec
Mar
'
177% Jan
5
155
Feb 28
102 '
v
j
i
253/4
Jan
13'A
42
2
Jan
19%
28
39% Feb
353/8 Jan 22
.13
29% Mar 17
123/a Mar 14
213/4 Jan 22
12
Xll%
26% Feb
4
16
73/4
Dec
Dec
puly
Jun
'Jun
;Dec
1
53/4
65
Apr
72'A Jan. 11
57%
Feb
70
15
Jan
18% Feb
11%
Feb
173/4 ^uly
30% Mar
9% Feb
7% Jan
28
:,33% Mar. 16
27% Jan
23
79'/4
Feb
95
'Dec
831/2
Jan
98'A
sDec
Jan
ll%;Nov
15
17
10% Jan
3
22% Mar
6
10% Jan
3
12 % Feb
24
153/4 Mar 26
jJuly
Mar 16
99'% Feb
921/2 Jan
97% Jan
104 '
24% Nov
17% Jan
.
5%
9
Mar
11%
(July
183/4 July
3
13%
Jan
22
Jan
96%
Jan
56
Jan
68
'Nov
32%
Dec
1
30
Jan
22
36% Mar
8
serial preferred—100
103
Feb
6
108'/2 Mar
12
No par
100
pfd.100
66
Jan
4
75
Mar
3
107
Apr
3
110
Jan
26
106%
Dec
110
Jan
105% Jan
4
108
Feb
19
104
Dec
106
Dec
Neisner Bros Inc
43/a%
120
1—No par
<■—25
—10
Pa
preferred.—
a—40
conv preferred
10
prior preferred.—
—100
National Tea Co..
...—No par
$2
•
Newberry Co
75
109
108%
National Steel Corp.
National Supply (The)
680;
170
i-100
Service Corp..^.—1
National Power & Lt
Feb
12
Mar 15
31% Apr
..100
Nat Malf & St'l Cast Co_I__No par
"National Oil Products Co
—4
5,700'
16
16%
16
16
16%
Dec
20% Jan 23
10
—
Linen
193/8
182
Co————1
preferred
N® par i
preferred A—
National
Dec
231/4 Mar 26
; 1 .No par
No par
■[ '€% preferred B_—:—.1
2,000'
66%
7%
18
9% Mar 26
Gypsum
.
'•
57,100
9'/4
8%
66 %
Cylinder G»s Co
$4.50 conv
National Lead
2
13% Jan
preferred—
J..10
Distillers Products
:__No par
Enam & Stamoing——.No par
National
Dec
19% Jan
45
11% Mar 21
6%
Nat
2
201/4
16% Mar 27
.—10
No par
1
1
Corp
Register.
ational Dept Stores.
Sat Dairy Products
•
39%
x37%
40
14%
26%
*182%
*11%
•; 38%
40
14%
182 'A
*17
12%
38%
*38
6,500
12%
*11%
39
*11%
12
38'%
40
182%
■"«.
158%
;
*23%
14%
26
26%
37%
103'%
14%
104,
104
*11%
*38
40
*38
14%
14%
26%
38'/4
37%
38 %
39
*102%
12%
*11%
12% v
;
39
*22'%
■"
Can
Cash
41%
Jan
20'/a Jan
No par
Share Corp
National Container
151/4
33
15%
&
National
14%
32%
32%
Bond
Nat
—
Nat
15%
32%
32
preferred
Jan
13%
10
5
.—10
100
Corp—.
17% July
28
7
1—1
preferred
5,200
14%
32%
*
conv
5,500
15
32
7%
500
191
*20%
6%
2,200
__—...
18% Feb
25% Mar
353/s Jan 23
100
1
1#
Biscuit Co
321%
23%
1
15%
24%
32%
23 %
Co
10%
11%
28%;
23%
Louis
St.
10%
*15
13%
23%
Acme
&
17%
10%
'
13%
Chatt
17%
28
%
Nashville
17%
32%
,
18%
17%
15%
32 %
32
■
17%
17%
17%
9%
/.IS;:-/;-
190
17%
11%
9%
23%
17%
17%
17%
;i2
•'.v-15
17%
22%
22%
,
—5
Corp
16%
40
*39%
*40
Nash-Kelvlnator
35,200'
18%
17%
16%
16%
(J J)
preferred series A
New Jersey Pr
& Lt Co 4%
105'A; Oct
!
AND
LOW
g
9 per share
35 Va
35 Va
34%
20%
-
20%
20%
17%
47%
22%
22%
17%
17%
*110%
47
47%
*47%
473/4
47%
47%
22%
23%
23%
23%
23%
24
453/0
46%
124%
463/4
49
48%
123%
126
124%
45%
122
20
*43
£•■■■
20%
*43
164
21%
22%
22
56%
56%
*56
*123%
124
*55
10%
9%
10
113%
29%
29%
213/4
114
29%
46%
47%
*47
.
7
7%
*7
*49%
50%
*493/8
13%
13%
13%
*123%
*493/8
50
/•K 13%
13%
*108%
—
22%
29%
7%
*49%
13%
13%
10
9%
10
55%
*108%
22%
*114
293/4
29%
*46%
73/8
7%
*49%
50
13%
13%
22%
Jan
29%
par
17
Jan
2
22% Feb
14
11%
Jan
18 Va July
41
Mar 26
47
Feb
10
30%
Jan
44%
Dec
162
Mar 26
169
Jan
114%
113%
41,100
22 3%
60
114
293/4
29%
30%
8,900
47%
47%
47%
310
73A
1,070
7%
7%
,
*493/4
50
Northwestern
500 V
198 Va
Jun
23%
Dec
21
33%
Jan
47 %
Jan
2
236
Jan
8
4 193%
Jan
218
Dec
121
Jan
8
124
Mar
2
116%
Jun
122%
Dec
19%
Dec
23% Apr
13
15%
Jan
58% Feb
23
52
Jan
56
Oct
Mar
6
51%
Jun
54%
Dec
11% Mar
1
7%
Jun
11%
19% Jan
53% Jan
6
53% Jan
16
56
9% Jan
20
2
50
105% Jan
9
100
17% Jan
31
pfd_No par
113% Jan
No
9
108% Mar 29
23
35% Mar
46
52
No par
50
Norwalk Tire & Rubber
50
Apr
6% Jan
Mar
2.50
12% Jan
100
Norwich Pharmacal Co
107% Jan
11
Jan
22%
112
Jan
115%
Apr
Jan
31%
Dec
37% Feb
50 %
Dec
1
17%
11
Jan
8% Feb
2
Oct
Jan
xl3%
3
c)116% Mar
26% Mar 27
106
100
1
Mar
50
par
Telegraph
Sep
219
1
Preferred
13%
Jan
14% Jan
44% Feb
50
Airlines
Northwest
129
Dec
24% Mar 14
20
10
Pow $5
Northern States
13
Dec
118
37% Jan
50
Ry Co
13
126
19% Jan 22
1
Northern Pacific Ry
50
*13%
13%
Co
Aviation
—
Dec
Jan
—50
preferred
American
North
35%
49% Apr
Dec
Jan
No
Northern Central
*108%
213/4
—
6,800
10
Dec
19%
6% preferred series
5%% preferred series.,
400
23%
62
North American Co
1,000
'56
9%
22%
53,400
233/4
22%
553/4
55%
463/4
46
7%
50
22%
Jan
24 V8
42
57%
15%
8
SLtpbldg Corp part stk
124%
11
11
& Harlem RR
110-
26% Jan
Dec
Apr
39% Jan
N Y
124%
Aug
2
N
*123%
50 Va
109
23
Noblitt-Sparks Industries——
5
Norfolk & Western Ry
100
Adjust 4% non-cum pfd
100
760
Apr
22
1,000
230
Jan
35%
July
18%
Jan
4,500
228
97
15
32
42%
228
12
22
28% Jan
22%
Y
110% Apr
51% Feb
Mar 22
Dec
Apr
Jan
No par
Dock
non-cum
9
Jan
Apr
35
103% Jan
100
No par
42%
56
—
$5
200
13
22
100
preferred series A
Omnibus Corp
York
16 %
11
21% Jan
par
22%
*55%
114
114
47
22%
*56
6%
13
18% Jan
45
22%
55
55
56
29%
*113%
29%
228
123%
55%
113%
113%
29%
41%
41%
22%
21%
•113%
21%
229
123%
22%
7%
164
*157
56 %
21%
47%
*157
223/a
*108%
*7
164
:/
22
56 %
9%
*47
164
22%
*1083/4
22
44
I
Central
N Y City
New
20
44
226
124
10
*18%
43
41 %
41%
110
1,600
22% Apr
22
109
N Y Chic & 8t. Louis Co
2,800
20
21%
225
9%
6,600
33%
*160
.
21%
*108%
493/4
125%
33%
*41%
56
9%
48%
34
*18%
56
3%
York
44
22%
22
New
20%
57%
55%
56
224%
225
*123%
124%
22
41%
41%
*41
225
*123%
164
21%
21%
34
60,300
1243/4
49
125%
25
16% Jan
No
York Air Brake
44
*19
45
*160
45
*160
33%
33%
*18%
*18%
33%
34%
33
27%
No par
New
23%
.
28
Jan
No par
$5 conv pi eferred
200
1,400
47.
22%
122
3,000
111
*109
Highest
9 per share
share
39% Feb
18% Jan
1
1
Newport News Ship & Dry Dock
I per
22
33
10
Newport Industries
1944
Lowest
9 per share
f per share
Par
Newmont Mining Corp
7,700
173/a
17%
17%
115
47%
*33%
225
21%
173/a
*110%
115
23
122
41%
*55%
36
21%
110%
46
224%
3 5 5/s
21%
.
21%
*41
35%
21
17%
165
v.
21%
35%
21%
173/a
110%
20
*43
35%
203/4
17%
33%
*18%
35%
20%
47
45%
46
123%
33%
35%
22%
23%
44%
35%
203/4
900
Year
Range Since January 1
Highest
Lowest
Shares
9 per share
per snare
47%
47%
123
*160
*110
HO'/a
g
snare
20%
/
4
35
110%
17%
17%
•110
'
9 per
per share
g
snare
par
STOCK
YORK
EXCHANGE
the Week
Apr. 13
Apr. VI
NEW
Sales for
Friday
Thursday
Apr. 11
Apr. 10
Apr. 9
Apr. 7
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
T"esday
Monday
Saturday
Monday, April 16, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1672
Dec
Dec
7
6
4%
Jan
Jan
10
40%
Jan
53
3
14% Feb
19
12% May
16
Jan
12
111% Mar
7
104% Nov
109
Dec
54
17
:
July
.
Oct
O
*109
110
*109
110
*109
1093/4
•109
110
*109
Ohio
110
*109
110%
18
18%
17%
18%
17%
18%
18
/■
18%
18%
18%
18
18%
17,800
25%
26%
26%
263/4
26
263/4
263/4
263/4
263/4
27
26%
27%
2,500
*112
112%
♦112
112%
112
15
15%
15
15%
15
114 /
113
113%
♦112%
15
15%
*15%
253/4
26%
112
112
15%
15%
*113%
114
114%
•15
26%
*161%
163%
*23
*161%
14%
14%
*14
13%
*23
*75
*161%
113
113
113
113
8,600
150
15%
14%
15%
15%
16
15%
15%
1,600
263/a
26%
26%
26%
5,500
163%
*161%
*23
*75
*161%
164
164
23
78
200
23
*75
78
23%
693/4
693/4
683/4
14%
14
14%
14
14%
14%
14%
13%
56%
56
56%
55 V
2,700
14%
13%
56
69%
69%
*14'/a
14%
*14%
13%
13%
14 %
56%
56 Va
56%
v
Oil Co
No par
17
Oliver Corp.
No par
24% Jan
24
Co
100
106% Jan
3
8
8% conv
100
Oppenheim Collins
.10
Otis Elevator—par
6%
preferred
100
Outboard Marine & Mfg
2.50
11% Jan
4.40%
pfd
convertible preferred
4%%
Omnibus Corp
(The)
preferred A
Outlet
69%
69%
Ohio
390
112
112
112
15%
78
*75
78
113%
23%
*23
23%
143/4
26%
26
163%
X112
153/a
69%
693/4
69
13%
*161%
163%
78
*75
78
69%
v-
23%
*23
69%
15%
26%
26
23%
*75
.
*143/4
15%
*26%
112
Edison
13% Jan
17
Co
*55%
56
56%
56
r
>14%
14 44
32
32
32%
35%
35%
35%
32
50 Va
51%
*38%
39% /
'
50%
39
39
124
*50%
n
124
32
35%
35 Va
51
32%
35%
V
51
*39%
*124
357/a
125
167 Va
*166 Va
167%
167%
6Va
6%
6%
6%
19%
19 Va
19%
m 19%
30
51
42
42%
42%
125
125
125% 4
168
167
167
6%
19%
*19%
6%
6%
19%
20
69% Apr
r
'
6Va
6%
6 Va
6%
17 Va
17%
17 Va
15
15
30%
30%
30%
30"%
:
>
6 Va
6 V4
6%
17 Va
17%
15%
17%
-,
*14%
6%.
6%
42,100
Packard
17%
17,500
Pan American Airways Corp new
200
31%
30
313/a
8,400
110%
110
1103/a
30
17%
'
15%
15%
31
303/4
6% ;
6%
17%
17%
15%
.
Motor Car
par
15%
17%
Petrol
Pan-Amer
No
&
Dec
3
17% Jan
25%
6
30
Jan
35 %
Mar
12
39%
Jan
48
Dec
44% Jan
18
25 Va
Jan
42%
Dec
Mar
7
117%
Apr
123%
Dec
149
Jan
163
'121%
32% Apr
Jan
3
129
160% Jan
3
167% Mar 27
6
Mar
16% Jan
17
22% Mar
3
4%
Jan
7
7% Jan
8
12%
.
Feb
Dec
Sep
7% July
17'/a
Dec
'
7% Feb
18% Feb
17% Mar
Jan
6% Aug
Feb
19% July
109 %
Jan
2%
Jan
114% July
5% Dec
6
5% Jan
5
3%
26
13% Jan
2%
~8%
6
16% Mar 26
par
Transp
Apr
Jan
52
Pacific
1,100
Sep
13
48 Va
37% Mar
38% Mar 27
preferred
,14%
Jan
Sep
3
No
6%
Jun
2
Mills
Pacific Tin Congol'd Corp
Pacific Western Oil Corp
64
Jan
8%
39
17
Mar
Dec
24
Pacific
100
100
—_1
10
Sep
75%
Jan
2,200
;
Aug
Jan
48
Telep & Teleg
Dec
24 Va
157
34% Jan
24
& Electric
14%
Jan
107/8
2
15% Mar 17
60
9
par
25
preferred non-cum___No
*15
6%
17%
20
Oct
Dec
19
15% Mar
2
11% Jan
45% Mar
No par
4,400
20
*19%
19%
*15%
15
6%
6%
13% Jan
B
10
Gas
40
<•>'
167
*166%
6%
'
*14%
125%
125
;
:
55% Feb
2
Lighting Corp
2nd
3
Jan
Pacific
650
Jan
58
Pacific
?
64
Feb
Mar
390
42%
50%
41%
.
5
108
Apr
8%
Oct
11% July
May
24
No par
non-cum
Aug
18
79
Co
Coast
preferred
99 Va
147
7
1,200
52
51%
1st
28
16
30
11,500
37%
51%
Pacific
108 Va
Apr
28
Feb
Pacific Amer Fisheries Inc
360
/
31
36%
*167
6%
*19%
31%
36%
125
167%
6%
31
..." ij 35%
39%
125
*124
36
*50%
39%
*166Va
32
*31
700
850
;
28%
Dec
8%
Feb
74
fill p iiiiiii
13%
105
5
28% Feb
26
22% Jan
Sep
161% Mar 27
2
Jan
20 Va Mar
23% Nov
115% Feb
22
23% Jan
15%
16
16% Mar
4
155
28
29% Feb
113% Mar 14
2'
Jan
20% Feb
par
No
Glass
'
12.50
Co
Owens-Illinois
107
'
Mar 27
2
31
Panhandle East Pipe Line—
110%
i* 110
*110%
110%
5%
5%
5%
i
J.
♦1103/a
5%
30%
633/4
64
*62
110%
1103/4
5
5%
*63
633/4
*109
*109%
30%
303/4
64
*62%
29
28%
29%
28%
39
39%
39
393/4
39
39%
2%
23/a
*8
8
20%
203/4
*62%
63%
*62
63%
110%
1103/4
30%
*24
8%
20%
20%
*62
110%
24%
8
8%
20%
23/e
30%
233/4
-
2%
30%
2%
30%
243/4
*1103/8
5%
4%
633/4
;
23/a
29%
13,600
39%
40%
39
40
39
40%
2,600
21/4
2%
31
23/a
X30%
2%
30%
24%
24%
*24%
25
8
8
20%
20%
8
8
21
20 3/4
63%
63%
63%
110 3/4
24%
24%
*63
111
110%
24%
24%
133/a
13%
133/4
133/4
13%
133/4
-13%
14
4%
4%
4%
4%
4%
4%
4%
*43/4
5
65%
65%
65%
65%
65
25
35%
35%
353/4
65%
24
65
24
*112%
35%
i,;V 35%
*22
36%
36%
65%
26
*112%
*24
38
38
37%
37%
*373/4
38
38
38
35%
36%
37%
37%
*37
38
37
37
76
76
75%
76
76
76
77
77
*15
16
15%
36%
15%
*15
*15
153/4
22%
23
27%
23%
27
*106
107
87%
105%
87%
26
28%
105 %
*105%
87
*26
8%
8%
106
87%
87%
27
1073/4
*26%
*107
*8%
8%
700
Peoples G L & Coke
16
100
Peoria
23%
23%
19,600
27%
28%
6,400
89
27
*26
*107
8%*
83/4
87%
107
107
9%
5%
27
*26%
27
107%
1,300
1,700
9
10%
10%
10%
66
66
653/4
66
66
66%
27
27%
263/4
273/a
273/a
273/4
27%
60
60
61%
60%
61%
60 %
60%
60%
109%
109 %
109%
109%
24%
24%
25
273/4
28
28%
*
*10%
66%
66%
27%
69
69%
1,400
273/8
28%
13,700
23%
2 4'/8
24
24%
24 %
243/B
273/4
27%
273/4
273/4
273/4
273/4
28
28%
273/4
XI19%
119%
*1193/4
125
*119%
34V4
33%
1021%
102%
333/4
34%
101%
*101%
102%
*112
113
*112
113
*112
113
♦112
16
16
*15
16
*15
16
*15
34
*111%
333/4
102
*111%
493/4
49%
49%
11%
11%
11%
*111%
114
49%
114
49%
*11%
50
*11
50%
*11
12
125
34%
106
112%
16
114
51%
12
600
103/4
23%
7
10 3/4
*120
343/8
106%
*112 %
*15 %
114
51%
*11
125
34%
513/4
12
35
34%
107
106
*110
112%
115
125
*119%
110
16
61
109%
'
930
16
*112
116
513/4
52 3%
17,300
2,200
60
5,200
2,400'
'■kV ioo
30
5,800
27%
27%
108%
*107%
108%
*107%
108%
*107
108
*116
135
*116
135
*116
135
*116
135
*117
135
♦117
135
7
7
843/4
83%
9
*86
89
173/4
83A
*86
*6%
84
8%
89
*17%
173/4
*179
84%
*8%
843/4
*8%
63/4
18%
*86
17%
*179
198%
198%
7%
7%
Q
104
6 5/a
84%
8%
84
83/4
89
6%
6%
6%
600
86'/a
85%
85%
1,700
8%
8%
8%
8%
8%
700
88
18
18%
*8%
*90
89
10
18
18
700
*198%
*198
73/8
7%
7%
0
7%
9
*92
99
9%
104
9%
7%
9%
99
99
51%
51%
523/8
52%
53
*73
73%
733/4
74%
733/4
733/4
29%
*28
29
29
293/8
293/4
29%
__
*181%
513/4
*181%
*143/8
15
*143/4
14%
*85
87
*85
87
22%
*86
*198
74
22%
18%
*197%
__
52
__
89
*179
73%
♦181%
18%
*179
513/a
*28%
*86%
*179
22%
*14%
►
22%
*85
223/8
/
143/4
*14%
52
*72%
30
7%
9%
104
14%
14%
*86
"lO
*185
143/4
143/4
*86
89
400
20
22%
23%
7,300
26
26
26
26%
26%
*25%
14%
14%
14%
14%
14%
143/4
15%
14%
27%
15
1,600
18%
18%
18%
183/4
183/4
19
183/4
19%
18%
18%
12,400
19
*18%
19
19
19
*18%
58
*56
58%
*56
58
*56%
563/8
56
19
57
57
*18%
*55
19
*18%
58%
*55
56%
57
56%
-563/4
56%
*11033
112
11032
11032
*11032
18%
56%
112
56%
*1103!
112
*110 Si
18%
18%
18%
18%
18%
18%
183/4
*104
1043/4
104%
1043/4
103%
104%
104%
104%
111
111%
110%
111%
110%
110%
1103/4
1103/4
xl09%
112%
112%
112%
1123/4
113
112%
112%
112%
112%
124%
124%
12a Vr
124%
i-
124%
124%
124%
W
■
For
footnotes
see
page
1675.
4
18%
56%
112
23
56%
*1103/4
19
.
300
Chic Ry
preferred.
200
58%
100
56 %
7,000
112
50
preferred class A_.
1st ser conv pr pfd
5%
conv
5%
conv
Procter
5%
&
pfd
19 3/8
20%
32,400
103%
104%
850
1103/8
110%
110%
830
25% Mar
37% Mar 28
40
Jan
18
37% Apr
9
69
,
Jan
6
77% Apr
1123/4
112%
1123/4
1,060
1%
l/a
V/Al/,
1243/4
420
8%
Nov
18%
Dec
Jan
23
19% Feb
2
92% Jan
19
9%
Jan
33%
Dec
Jan
32~
Dec
Jan
70 %
Dec
5%
Jan
17%
Dec
'
Jan
63
'
55
13
19%
112
21%
13
14%
21% Mar 27
i
X70%
29
30% Jan
:
Jan
2
22 Va
Dec
26 Va
28% Apr
109
t Apr
12
10%
Jan
19%
Dec
3
54 Va
Jan
96
Dec
22
33%
Jan
65%
Dec
26
90
Mar
5
23% Mar
29% Mar 17
108
Dec
28 Va July
105%
Oct
107 Va
7
Sep
J 9%
3
7%
Jan
10
July
Mar 22
Nov
Jan
Feb
1
75% Feb
13
40%
Apr
71
Dec
Jan
23
29% Mar
1
20%
Feb
26%
Dec
Jan
25
63 Va Mar
19
49 %
Jun
59%
par
106% Jan
2
110 % Mar
20
88 %
Jan
108%
Dec
21% Jan
2
25% Mrar
7
May
21%
Jan
Jan
2
28'/a Apr
12
23% May
26%
Oct
xl 19% Apr
9
25
31% Mar 27
90
Jan
107% Feb
14% Jan
111
117
Mar 23
36% Feb
4
110
6
113
119%
Apr
24%
Jan
37
82
Feb
96
U%
20
Apr
Feb
Dec
Oct
July
Oct
Apr
20
Mar 29
44% Jan
120
19
2
17% Jan
120
55
13
x98
Mar
9
Feb
Jan
23
25
Jan
2
28% Mar
107% Jan
3
108% Feb
9
Jan
42%
Mar
11
8% Jan
Sep
Apr
,,
16%
117
July
Nov
48% July
14 % July
23%
Feb
28
July
105 Va
Nov
108
Dec
5
Jan
8%
61
28
100
No par
1
—100
100
6% Mar
82
Feb
26
8% Mar 22
85% Jan
15
15% Jan
31
94
96
Mar
19
•
Feb
/.
Dec
Jan
92 Va
Dec
7%
Apr
10%
Nov
68%
Mar
10% Feb
Feb
90
Nov
Jan
6% Jan
2
8% Jan
Mar
4
2
10
49% Mar 27
11%
9
17
Dec
Jan
171
Mar
183
198 % Apr
Jan
164%
190
Apr
190
Aug
4%
Jan
6%
Feb
10% Mar
Apr
Jan
82
58% Jan
45
103
75
Mar 21
32% Mar
1
Sep
12% Jan
19
17% Feb
23
74% Jan
17
87% Feb
20
23% Mar 29
6% July
9% July
100 Va
Dec
Sep
57% May
73
Dec
11%
22%
Aug
175
1
Jan
Nov
8%
61%
175
Jan
Nov
Jan
14%
Oct
May
69
83%
Nov
16%
Sep
19% July
19 %
5
17% Jan
par
24 % Jan
Feb
27
Jan
25
12% Jan
16% Feb
15
8%
Apr
13 Va
Dec
1
16% Jan
20% Mar
7
11%
Apr
18 Va
Dec
5
50
17% Jan
19% Feb
11% May
35% May
18 %
Dec
No
Co Inc
1st preferred
2d preferred
Gamble
(ser of Feb 1 '29*
No
par
100
No par
50% Jan
27
22
60% Mar
Mar 27
1101J Mar 16
52% May
60% Feb
120% Jan
55
17
Jan
2
116
Mar
13%
20 % Feb
102% Feb
16
106% Jan
87
106% Jan
30
111% Apr
96
preferred
No par
100
100
Jan
4
115'/a Feb
preferred
100
121% Jan
3
127
$5 preferred
6%
preferred
Feb \
Mar
No par
Pocahontas
class B
Pub Serv Corp of N J
19%
104%
16
10
100
Steel Car
37%
57
Plymouth Oil Co
Pressed
10
Aug
25
Preferred
Creek
Dec
5
65
Co—No par
preferred
& Co
Dec
Nov
25
50
Pittsburgh & West Va
Pitts Young & Ash pfd
Pittston Co.
(The)
Poor
73% Jan
26% Mar 19
11% Mar
5% %
Pond
Jan
Jan
2
2
1,000
Jan
2%
38
33 % Jan
Jan
30%
9Va
8
110Mar
21
30 %
" 8
15
100
100
30
Jan
5% Feb
16
112% Jan
20
14%
*183/4
3
15
Feb
18%
*25
Jan
68
14%
26
Mar 26
19
100
18%
*25
62
112% J an
99
5%
113
*
No par
14%
26
17% July
2
No par
100
100
22%
*25
13
Jan
4
Screw & Bolt
320
14%
12% Apr
4
Pittsburgh Steel Co
7% preferred class B
1,240
23%
24%
2
100
—100
Pittsburgh Forglngs Co
7%
Apr
9
Jan
25
——;—No par
Chemical
Ft Wayne &
13%
Pitts
20
52%
88
conv
20
1,300
,743/4
22%
$5
26% Feb
.
28
St Louis RR
&
10
15
9% Feb
5
preferred
Coke
Dec
21% Jan
6,300
73%
87
6%
59 Va
111% Feb
Feb
No par
Pittsburgh Coal of Pa
Pitts
20%
9
64
1
com
—:
8% July
Jan
Apr
15%
Mar
7%
104
52
87
C &
4%
51% Apr
93% Feb
,24% Mar 12
5
2
Hoslerv
preferred
8
22
Jan
6
preference com
C
6% Mar
18% Jan
83/4
7%
83/4
*99%
52%
22%
15
...
Pitts
73%
*182
*181%
87
7%
9
*99%
$1
$4
6%
86%
9% Feb
—No par
4.4%
preferred
J00
Philco
Corp
3
Philip Morris & Co Ltd
10
4% preferred ————————100
Phillips Jones Corp
No par
7% preferred—.—;
100
Phillips Petroleum
No par
•
Pitts
6%
853/4
88
18%
26%
*179
*197%
7%
9
*90
63/4
Electric Co.
Pillsbury Mills Inc
*26%
*107%
Jun
26
Apr
106% Jan
8
' Jan
————No
preferred—
700
26 %
108%
Aug
23 Va
100
5
& Co Inc
12
26%
*107%
6%
(Chas)
27%
*11%
26%
108%
27
Phila
Dec
31 %
Feb
3
2
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
$6
2%
Apr
18 %
2% Jan
No par
Co
Phoenix
26%
27
Pfizer
1% Apr
26%
No par
Brewing
37% July
Jan
America
100
*107%
27
Pfeiffer
Sep
28
par
2nd preferred
Corp of
27
27% Feb
33 %c
100
100
100
Ry Co
Milk Co
4%%
Petroleum
370
112%
15%
Pet
10
*10%
23%
110
100
1,200
10%
109%
<
(Chic)
Ry Co—
prior preferred
preferred
5%
Dec
5
32% Mar 20
100
50
10
5
.100
100
Co new
Pere Marquette
88
106
107%
89%
Pepsi-Cola
106
10%
*10%
109%
243/o
114
77%
283/4
1093/4
*111%
Peoples Drug Stores Inc.
24
109%
333/4
500
Eastern
30
5
No par
400
&
Jan
1
No par
Sand Corp
38
28
105%
—No
38%
77%
Dec
23%
,6
24
10
Corp
*37
•
38
18,700
37
36%
July
109
6
45 V2 Mar
22
103
61
Jan
31% Mar
109% Apr
2% Jan
106
Cement
Glass
Jan
-
21% Jan
par
5%
*15%
■
Coke
45
29% Feb
-No par
Corp
1
oref ser A
conv
Penn
Co
Airlines
&
Jan
9
67% Mar 19
1
59
*37%
36%
38%
$7
Coal
17
32%
10
No
preferred
Pennsylvania RR
Pennsylvania Salt Mfg Co
77%
109%
1017/a
100
16%
109%
125
600
26
60
60
*120
65%;
*112%
23%
■n
89
107%
Penn-Dixie
*21%
253/4
*76
105%
106
*107
27%
593/4
273/8
26%
653/4
27%
27%
1073/4
8%
10%
653/4
27
Penn
1,000
5
Penn-Central
(J C)
;
Mar 12
5% Jan
16
27% Mar 26
No par
Enterprises
Ford
&
4,700
4,000
13'%
—No
Co
Transportation
Patino Mines &
Penney
*64%
65%
Parmelee
Penick
Jan
113
par
Mines
& Co
Davis
2
20
2.50
Consolidated
Utah
Parker Rust Proof
1,700
25%
12%
*16
■
23%
*26
8%
*10%
23%
♦107
1073/4
*8%
23%
87
86
26
*107
23
27
23
27
153/4
38%
*37
200
64
43/4
•112%
363/4
9,400
110%
25
*
1,700
8
64
2 53/a
800
20%
20%
110
133/B
*22
Parke
64
24%
*64%
Park
Ill
4%
*112%
2,600
3,900
25
73/4
8%
21
13%
25
2%
303/4
*24%
31% Apr 12
3
Mar
108% Jan
1
ex-privilege—1
Feb
56
100
Inc
Apr
4%
par
preferred
Pictures
.
1
No
& Tilford Inc
30%
23/8
30%
100
Ref—
&
Inc
Cos
conv
Park
24%
25
4%
28%
24%
Prod.
Paramount
29%
31
preferred
Paraffine
29
30
110
—————————No par
New
5.60%
Panhandle
*109
*109
24%
*22
300
62
62
63
24%
*112%
6,300
29%
110%
110
110%
63
.
4% :.y 43/4
5
283/4
29%
30%
1103/4
♦109
♦109
28%
*24
//
110
Feb
Va
Jan
55 Va
May
Dec
59
July
121
July
18%
Dec
Jan
18%
Dec
Jan
109%
Oct
104 V4
13
Jan
113%
Nov
113%
Jan
122%
Dec
Volume
161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
HIGH 8ALE PRICES
LOW AND
Monday
Saturday
,
t
f
per share
116 3/4
■"116
49%
19 Ve
109
*116%
116%
116%
116'/a
49%
49%
49%
49%
19
19 %
t per
13%
thare
1153/4
S
per
115%
50 3/a
43%
11534
501/4
19%
19 %
Range for Previous
STOCK
YORK
Range Since January 1
Lowest
EXCHANGE
193/4
I
Par
70
*
9,200
Pullman Inc
share
S
share
per
I
share
per
Highest
I
per
share
20
22
521/4 Feb
19
37%
Jan
52 % July
24
21
7
147s
Sep
18
12
47% Jan
Jan
118
1944
Lowest
,.
Jan
115% Apr
No par
—No par
Pub Ser El & Gas pfd $5
per
Year
Highest
H
Shares
share
1153/4
50
NEW
r
the Week
Apr. 13
113% Nov
119%
Feb
'
19%
19%
16,7w).4
Pure Oil (The)
19%
19%
115%
115%
*1123/8
115
*112%
115
*112%
114
114
100
6%
*107%
108 %
*107%
103%
*1071%
lOSJ/a
*107 J/a
108J/4
1071%
107%
100
5%
26
26%
263/4
*25%
263/4
17
*16%
17
*161/2
17
115%
■"108
share
49%
49%
19%
"112%
per
for
Sales
Friday
Apr. 12
116%
*116
49%
S
V per share
per share
Thursday
Apr. 11
Apr. 10
STOCKS
,
Wednesday
Tuesday
,
Apr. 9
Apr. 7
1673
26
26%
*1123%
25%
*.5 %
25%
25%
26
16%
17
16 V4
16%
*16
11
11%
11
11%
10%
11%
11 'A
11%
11%
11%
11
11%
27,900
84
83%
83%
*84%
85%
*841/4
85%
84%
64%
85%
85%
600
8%
8%
81/4
8%
8%
*161/4
17
,
/
2,500
300
17
No par
Mar
Mar.
100
111% Mar 26
115% Apr
9
109%
Jan
115% Nov
100
preferred
preferred
conv
107
Mar 21
108% Jan
6
103
Jan
108 Ve
Dec
27
Feb
8
19%
Jan
24%
Oct
18 '
Feb
16
12%
Jan
16% Aug
23% Jan
No par
Purity Bakeries Corp
15% Jan 22
.19
Quaker State Oil Ref Corp__.
2
R
*83
8%
*95%
35%
8
8%
8
8%
95%
953/4
95%
96 %
96%
97 %
96 5/a
*34%
35%
35%
35%
35%
35%
*351/4
96
35%
96%
961/2
35%
35%
10% Jan
2
12% Feb
5
8%
Apr
12
$3.50 conv 1st preferred—No par
.__1
Radlo-Keith-Orp" 'um
.100
6% conv preferred
78% Jan
15
85% Apr
13
69'/a
Jan
80%
7% Mar 26
9% Feb.
6
77/e
Apr
10% July
20
85 %
Jan
107%
800
97
par
440
8 3/a
8
Raybestos Manhattan
10,800
36
•
Radio
No
Corp of Amer
No
165/8
175/B
2,200
36
36
1,400
26%
27
26%
26%
26 %
26%
x27
27%
27
27%
26%
27%
3,400
46%
45%
453/4
45%
45%
*4534
461/2
453/4
453/4
46%
46%
900
4%
non-cum
1st preferred
40%
401/2
40%
1,000
4%
non-cum
2nd preferred- -50
12%
*113/4
74%
40%
12%
*ll3/4
118%
"116%
74%
74%
73%
74%'
40%
*113/4
"116 1/4
119
30
73
90
18 3/a
700
Reliable Stores Corp
400
Reliance
*73%
75
73%
74
19 5/8
*19
193/4
19
19
72%
183%
*27%
283/4
27%
27% ■(,:
25%
25%
243/4
25%
19
26%
26%
26%
26%
26%
26%
27
24%
24%
24%
24 5/8
24%
253/8
25%
25%
*100%
101%
*100%
101%
"100%
23 Ve
23 %
*223/4
23%
101%
22 3/4
*106%
14
107
107
"106%
107
13%
7 •14
14
;!/■
21%
213/4
14%
14%
"104%
1043/4
104%
105%
Xl04%
104%
16%
16%
16%
16%
163/4
101%
101%
100%
100%
17
17
16%
■
102
101%
'
225%
109
30
107%
108
600
15%
16%
23,100
"104%
105%
r> 260
17
102
16%
*100%
16%
4,600
>
102
110
13%
18%
18%
18%
18%
18%
18%
19
19
19
19%
323/i,
32%
325/s
32 Ve
323/4
33
33%
33%
33
335/8
33
33%
*37%
.38%
*373/4
38%
*373/4
*373/4
381/4
38%
39%
*39
39%
17%
17%
17%
17%
18%
18%
18%
18
18%
*18
12
19%
38%
18
12%
19%
*7%
7%
*75/8
19%
*34%
35%
18%
18%
*18%
18%
42
42
*41%
63%
64
*7%
19%
*34%
19%
35%
19
*18%
7%
19%
18
18
12%
*19
12
12
*19
'
33,600
"1081/8
102
16%
102
.
4,900
1041/2
104%
7%
12%
123/s
12%
123/a
20%
19%
1 19%
600
*7%
>
7%
*7%
7%
•
7%
I
19%
19%
19%
20
35%
35%
35
18%
18%
18%
19%
19
19%
42
42%
42%
64
633/4
64
64
20%
351%
42%
20%
42%
.
64%
*36
18%
42
115
115
8 5/s
8 J/4
115%
83/4
115%
8%
83/4
8%
463/s
46 %
45%
463/4
46%
46%
46%
*107
*43%
115
115
114%
*107%
109 %
*107%
109 J%
*43%
109
44%
44%
44%
44 J/4
*110
112%
*110 ./•'
112%
*110
112%
*109%
112
*109%
112
*109%
112
24%
24%
24
24%
24
24%
*7%
7%
*7%
73/4
7%
7%
103%
103 %
103 %
104%
102%
103%
19%
*112%
19%
193/8
*112%
8%
8%
8%
19%
19%
19%
86
12%
19
12%
8%
/
193/4
86%
87
*86
86
12%
114
8%
8%
19%
193/s
19%
193/8
114
*112%
114
87
12%
125/s
12%
*74
76
14
*133/4
13%
62%
*60
62
*74
76
*74
*13%
14
*133%
A
76
109%
8%
'C47//
109%
*108%
45
45
.
*114%
8%
47 v;/
46
.
42%
114%
115%
8%
8%.
47%
"46%
f
108
110
46
46
■;.
114%
8%
50
109 %
24%
*7%
103
108
600
46%
*110
112%
*110
19%
110%
*109%
112%
*24%
7%
7%
104
19%
19%
114
88
*24%
25
7% :
8%
:>'/ *8%
20%
88
*7%
v
'
1047/a
105
19%
19%
;
♦112% 114
20%
*8%
>20
700
112
*1091/4
24%
8%
*112 %
8%
;
/:•/'
21
20
88
•"*30
900
25
7%
300
105%
7,000
19%
6,200
114
8%
21
1,100
3,000
130
88
*88
90
13
13
13
76
*74
76
14
14
14
14
13%
14
700
*60
62
62
60
60
20
12%
*74
'/..
12%
*74
12%
4,800
61
61
26%
26%
*26
26%
6 3%
6%.
6%
6%
35%
35%
35%
36
31%
31%
32%
32%
16%
*23
26%
26%
26%
27
26%
6%
6%
6%
6%
6%
36%
36%
37%
37%
33
33
33
33
33
6%
38%
163/4
16%
16%
16%
495/8
50
50
50%
16%
16 3/a
16%
17
23
23%
66
66
65;
31
31%
31%
16%
16%
66
65
v
*23
16%
66
*31
31%
16%
163/8
V
,16
16 % Apr
13
87% Jan
2
15% Jan
5
Jan
2
14% Jan
2
21% Mar
31% Jan
2
34% Mar
28
Jan
15% July
35% July
37% Mar 13
39% Jan
36
May
39% Nov
16% Mar 27
20% Feb
13
IO1/4 Jan
2
13% Feb
161/4 Jan
2
22% Feb
6% Jan
22
19 % Apr
10
par
66
*31
16%
4%
Jan
23
2
27% May
38%
Dec
6
43%
Jan
55%
Dec
Jan
45% Mar
23
54% Jan
21% Apr
13
112% Jan
68% Mar
2
—5
17
22
Apr
13
110%
Jan
115%
Dec
5
7
Jan
91/4
Dec
2
50
Apr
13
30
Sep
39%
Dec
Jan
4
111
Feb
23
105
Jan
109%
par
x42% Feb
23
46% Apr
13
par
112
Feb
5
113% Jan
29
109
Feb
115
Nov
par
No
No
No
109
108
Jan
110
Jan
115% Mar
10% Feb
8% Mar 27
106
7
par
112% Feb
15
8% Apr
'" 9
16% Jan
22
No
No
No
78
Jan
113%
3
preferred
9
pref ser A
Shattuck (Frank G)
Sheaffer (W A) Pen Co
conv
66
67%
31%'//
31
31%
400
16%
16%
16%
38,800
Mar 17
10% Feb
23% Mar
90% Feb
14% Jan
14
7
26
5
6,200
&
•£
28%
28%
28 3/8
28
19
18%
18%
183/,
28%
&8%
19
19
28%
28%
28%
28%
29%
2.900
19%
42%
19%
20
2,000
43
19%
42%
-42%
40
40%
39%
40%
74%
74%
74%
74%
1,500
40%'
41%
40%
41%
40 34
41%
41%
42%
39%
38%
39%
385/s
39%
39%
40%
73%
73%
73%
74%
73%
73%
73%
74
*81
84
*81
84
12
12
12
12
12%
6%
6%
*11%
123/4
*113/4
*78%
83
63/4
123/4
83
6%
11
*78 5/8
83;
63/4
*81%
12
7
Jan
15%
Oct
59% Feb
24
67% Jan
3
48%
Jan
61%
Dec
Sep
28 %
Apr
7%
Dec
78% Mar 10
32% Jan
2
28% Mar 8
8% Jan 17
38% Mar
24%
Apr
35%
30% Feb
1
34
23
Apr
31%
Dec
15
17% Mar
10%
Feb
16
Dec
35-;
13 %
Sep
42%
Apr
18 %
Jan
22
Jan
23 %
Jun
29%
Feb
54%
5% Mar 21
Mar 26
No par
Mar
Smith
&
-10
—.
13%
86 3/s
10
34%
1.100
29%
283/4
293/8
29
29%
133/4
80%
80%
81
41%
*40%
41%
114
114
115
59%
59
573/a
55%
55%
57%
*57%
293/8
293/4
29%
29%
6.000
57
57%
58%
573/a
573/a
58%
*573/8
59%
573/4
1,100
573/4
14%
11,600
990
13%
14
143/a
14%
141/2
13%
80%
13%
80%
*40 %
13%
*54
400
12%
*78 5/a
28%
82
82
83
83%
84
84%
85%
860
*40%
42
41%
42
42
42
42
423/4
2,600
133/8
*114
59%
*57
117
60%
*114
*59
1143/4
60
114
*59%
114
114
59%
60
114%
100
59'/a
700
*110
111
*110
111
*110
111
*110
111
*110
111
*1083/4
*113%
*113%
115
114
114
*113
115
*113
115
*113
30%
31
30 s/8
31
30%
115
*114%
115
*114%
4%
4%
*713/4
73%
4%
4%
*71%
4%
30%
115
45/8
30%
*114%
4%
30%
115
45%
31
*114%
4%
30%
31%
115
45/8
•
*114%
43/4
31%
200
75
75%
85%
85%
75%
86%
42
41
42
15,000
37
373/8
36%
37
6,700
583/4
59
58 3/8
59%
563%
*128
132
*128
1313/4
1313/4
1313%
4,200
21,300
2,200
l^'/z
133
22%
*129
preferred
Jan
2
2
22%
i,300
18
56%
15% Feb
6
Feb
19
No
41/4 %
100
preferred
18%
13%
141/4
13%
141%
133/4
14%
7,200
Stokley-Van
19
18%
18%
19
19
1,400
Starrett Co
(The)
17%
17%
18
17%
18%
13%
13%
13J/s
133/a
18%
18%
18%
*18%
11%
113/4
12
11%
12
12
12%
12%
123/4
12%
133/8
17,000
Stone
23%
23%
23%
24%
24%
253%
25%
*593/4
25%
243/4
25%
50,000
Studebaker Corp
61
60
61
12%
12%
12%
*24
24%
111
111%
12%
24%
111
12%
13
25
24%
111
111%
13%
24%
116
13%
24%
117
14 Ve
25%
119
133%
*315/a
32
31J/2
315/a
31
*17%
18%
*17%
18%
*17%
18%
18
18
*18
31%
31
311/4
31%
31%
31%
31%
footnotes
31
see
page
1675.
31
31
31
31%
18%
100
32%
6,500
Dec
Jan
Feb
33% July
116
Sep
4% July
74%
Dec
118% Jan
24
137
12
Apr
Feb
58 % July
Jan
49
Dec
lid
Dec
Feb
13
110%
Sep
14
6%
Jan
11% July
9% Jan
22
20
2
28%
Jan.
37%
2
7l% Apr
7
61
Dec
67% May
Jan
22
18% Feb
14
11%
Jan
17% July
16
38% Mar
1
9%
Feb
13% July
6
15%
Feb
19
Dec
20
7%
Apr
12%
Dec
2
25% Apr
12
13%
Apr
20 % July
57% Jan
4
61
13
54
Jun
64
Oct
122% Jan
11
127% Mar 24
121
Jan
128
Oct
par
24
—1
18% Jan
-100
6
2
Mar 27
15% Mar
19% Mar
14
Apr
7% Jan
14% Apr
10
Mar
par
23
Mar 26
79
Jan
3
.100
25
Jan
22
31% Mar
Sutherland Paper Co
—10
31
11
Sweets Co of Amer (The).
.12%
Apr
17% Jan
35
—25
30% Apr
Co
No
Dec
Feb
2
10% Jan
1
Superheater Co (The)
Oil of Calif
Swift & Co
50% Sep
40'A
62% Jan
—25
Mining
Dec
Jan
35% Jan
-10c
Sunshine
85 %
12
10% Jan
Corp
500
31
13
18% Jan
pfd (4%% cum)
Oil
Superior Steel Corp.
18%
31%
Class A
Sunray
1,400
32%
28%
7
59% Feb
23
No par
Sun Oil Co
Superior
*31%
273/,
61% Mar
2
13
1
(The)
2,500
28%
19
Jan
—20
No
3,500
28%
Dec
par
5
Camp Inc
preferred
Webster
25
*26%
27 J/2
prior
&
117
28%
29
113
—1
.No
Corp
24
28%
283/4
47.200
5%
L S
116
28%
*303/4
28%
14%
May
—10
Standard Steel Spring
13%
6%
July
24
13
6 3%
33%
Feb
115
2% Nov
19
Dec,
Apr
Jan
17%
60
27%
110
Feb
22% Apr
Stewart-Warner
6,400
6
108
64%
49
8,000
3/a
114% Mar 16
111%
-
56
18%
125
28
2
Sep
25
18
6%
5
57
25
183/a
63/8
113% Jan
1
115
Jan
Standard Oil of New Jersey
Standard Oil of Ohio
18
6 3/a
Mar
Jun
39 Ve July
18
6%
Mar 23
62
Feb
34%
No par
Sterling Drug Inc
6%
20
50%
33%
110
Feb
2,500
6%
Jan
8
Sep
69%
6%
6
58
43% Mar
Sep
10%
373/4
6
111
89
115% Mar 20
34%
683/4
6%
9
10
Feb
31
*36%
*124'
76% Jan
37% Jan
40%
693%
125
par
6
1
693/8
124
Dec
61% Jan
8
69%
59%
Nov
4
12% Mar 27
38% Mar
10%
1261/4
79%
38%
x56% Apr
7
43% Mar
36%
593/4
Dec
13
92% Feb
69%
"125
Dec
13%
59% Apr
2
103/4
800
62
Jan
31% Mar
12
2
36%
900
Sep
Jan
24
47% Jan
5,000
300
133
48
27% Jan
23
70
60
Dec
29% Nov
22% May
36 % Jan
33% Jan
103/4
126'%
Dec
35
25
35%
593/4
75
May
5%
Standard Oil of Indiana
10 3/a
"125
Jun
Feb
28
23
691/4
59%
9
55
1
78% Jan
353/4
125
Jan
1
28
67% Jan
71
59%
Mar
38% Jan
35%
X125
15% Mar
86
35% Feb
7% Aug
Jan
par
10%
60
Dec
4%
No
70%
24
13 %
7
Mar .27
No
prior preferred
prior preferred
35%
*18%
Nov
No par
$6
$7
10%
19
12
8% Feb
No par
Standard Oil of Calif
71%
10 3%
Dec
80
36
10%
Dec
85
82%
6% Mar 2.7
1
100
preferred-
10%
37
69
Jan
1
Square D Co
5% conv preferred
Squibb (E R) & Sons
36
;
703/4
10%
Jan
54
14
2
10%
*36
40%
1
41%
23
Jan
6
Mar 12
14% Feb
Feb
Spiegel Inc
$4.50
20
Mar
5
80
Dec
6
77
No par
Nc par
Sperry Corp (The)
Spicer Mfg Co
$3 conv preferred A
Conv
34%
41% Mar
5
85
22%
Spencer Kellogg & Sons
Dec
24
32
Oct
Aug
11% Jan
7:7%
Dec
Dec
26%
Apr
17 %
80% Jan
No par
No par
Dec
43 %
6% Mar
*73
591/s
preferred
45 %
Jan
32% Mar
41%
583/4
$5.5)
22%
21%
162
Jan
Jan
1
No par
1
Jan
13%
.100
ctfs
Dec
28%
141
23%
114% Mar
73%
56%
tr
20'/a
5% July
Jan
13
2
84%
36%
stk
(A G) & Bros Inc
3%
11
2
73%
59
Ohio
22
64% Jan 22
Apr
44% Jan
2
413/a
55%
.100
20
16
Jan
83
36%
Railway
preferred
30% Feb
2% Jan
73%
55
20
9
Mar 12
111% Jan
413/4
363/a
Jan
Jan
oar
821%
58 5/8
2
46
165
No par
81%
56
26% Jan
17
23% Mar 19
►
pref—No par
41 J/a
593/8
4
Inc
*72 J/4
36%
4
Apr
Standard G & E Co $4
413/4
55%
3
Mar 26
40% Apr
7,400
82
583/4
1
7.50
Co
Spear & Co
$4.50
53/o
82
36%
5% Feb
7,300
115
41%
.
4% Jan
111% Jan
81%
36%
July
No par
41%
56%
Dec
14%
No par
81%
363/4
31%
Jan
$4.25 preferred
Standard Brands,
403/4
73
Apr
12
110
115
*114%
23
21
$5 pref series A
110
115
7
Feb
-25
Edison
Sparks Wlthlngton
12%
34%
Mar
17
1
non-cum
&
Dec
35
2
159
Gas
26
Jan
3
.100
California
Feb
Sep
Jan
30
21
Spalding
86 3/«
343/4
77
May
13% Jan
par
& Platinum
1,900
12%
343/4
22
32% Jan
*78 s/a
V
48% Jan
5
Greyhound LinesNo par
2,700
7
19% Mar
23% Jan 18
No par
12%
29%
57%
6%
1
Southern
8 6 3/a
343/4
54%
7%
54% Mar
2
14,900
*11%
34%
57
12%
2
15% Jan
22% Mar
3
-15
Typewrlter.No
Southern Natural
Mobile
11%
41% Jan
37,800
83
Oct
20%
25% Mar 27
38% Jan 31
*78%
343/a
54%
6%
11%
14% Mar
76%
9%
No par
12%
34%
57
12
*81
83
Sep
Jan
20
Socony Vacuum Oil Co Inc
5%
11%
72
15% Feb
Iron—.-20
(A O) Corp
Southern
Dec
3
Southern Pacific Co
86%
343/s
54%
*81
:
7
34%
57
* /
83%
12
34
54
159
-19%
39
86
*154
159
9
23
—5
preferred
*154
159
78% July
12% Mar 27
-15
Am Gold
18% July
Jan
No par
Smith
South
Dec
May
No par
Steel
Corona
8
13
63%
13% Jan
Skelly Oil Co
67
Dec
24% July
75% Jan
Mines
Sinclair Oil Corp
$1.20
Dec
106%
No par
Slmonds Saw & Steel
150
8%
par
-15
500
23
25% May
par
Union Oil
23
par
Dec
45% Nov
37% Mar
No par
No par
Sharpe & Dohme
23%
Feb
38% Jan
5
—1
'159
For
14%
No par
*154
*154
159
154
159
31%
6
-3%
Corp
Southeastern
*18
Mar
pa*
South Porto Rico Sugar
8% preferred
24%
21
Sharon
1,700
112
18% Jan 22
No par
2,000
24
34% July
—J
Inc
22%
12%
Jan
$4.50 preferred
Shamrock Oil & Gas
41%
110%
25
Feb
22
*6%
24% July
7
Feb.
41%
125
Jan
Feb
16%
22
*59%
17%
39
84
Bloss-Sheffield
Jun
Apr
23
Mar 26
37
8% Mar
9
5%
22% Feb
33
2
1,700
Dec
pat
'.III
3
Steel
Oct
11% July
17%
8
conv
Dec
Jan
21% Feb
Silver King Coalition
Simmons Co
5
19%
Jan
8% Jan
41%
*124
13
100
Feb
106% Jan
41
23%
8%
9
2,700
5
Jan
8
18
5
Apr
17% Mar 26
22
5
Dec
Jan
Mar
16%
16%
4%
16%
Dec
16%
10
85%
8%
8
99% Mar
50%
*31
88
5
1
16%
66
67
31%
Jan
No
5
11%
19
Mar
63
8ears Roebuck & Co
41
*18%
18% Feb
106-
12% July
Seagrave Corp
22
132
5
Jan
Jan
4%
*129
98
Apr
106
6%
Sep
41
5 :■/;
4%
*18%
.
11% Jan
2%
21%
58%
Dec
21% July
par
20%
40%
58%
Dec
102%
19
21%
36%
105
Jan
Apr
•
17
40%
56%
Jun
87
Feb
21%
59
99%
Jan
40%
*114
16
2
28
21%
13%
6
111
$5
Aug
18
3
Shell
1,900
16
109% Mar
26
Bervel
Dec
99% Nov
Apr
Jan
40%
*28
.
Mar
8V4
23% Jan
21%
5
29%
24
7
No par
—5
21%
*333/4
25% Mar
23%
-10
preferred
40%
6%
Dec
14% Apr
x837/a Mar
108% Jan
.100
;
40%
12%
24
4
-IOU
21%
*82
Feb
3
No
$4 preferred
50%
17%
*22%
/ *23
■
*154
18
8
'
*23
5
29% Mar
22
-
3,500
34,600
3
Dec
.100
Seaboard Oil Co of Del
18
>
Nov
.100
Paper Co
51
16%
18
19 % Jan
Corp.—
2,800
33
Feb
22% Jan
-10
8,300
*32
;
11%
102% Jan
.No
—
6%
38
20% Mar 16
104"% Jan
No
27%
37
9
par
Corp
17%
17%
23%
>
Dec
Jan
1
Distillers
preferred
50%
xl6%
17
50
*16%
31
16%
*31%
26%
/
16%
16%
23%
16%
6%
35%
50
16%
50%
*50
26%
*60
Scott
85%
3
No
(The)
Arms
6 J/2 %
155
Jan
15% Jan
preferred
5%
Jan
50%
30
—
$3.50
76
'
60
Co
Schenley
13
90
2
.100
New
Ravage
Jan
14
82% Jan
20
No par
No par
Joseph Lead.
Safeway Stores
•
27
129 % Feb
2
.100
Typewriter
$4.50
110
104
*112%
90
6,900
Dec
13% Jan
17
Jan
St
21,900
5%
22
Feb
Tob class B
2,600
\V;
Dec
Jan
27
Rustless Iron & Steel Corp
900
Dec
1
1,500
22
112%
*110
;
2,400
■
8%
19%
36%
-10
Oil
Ruberoid
Jan
102
No
Co
Corp
Mfg
Royal
27 %
1
Company
Antelope Copper Mines
Roan
600
65
'
\
100
2,900
36%
21%
42%
64%
7%
20%
Ritter
12
5
Common
5,600
20%
Dec
41% Apr
22
Spring
(R J)
Richfield
42%
22% Jan
conv
Rheem
Jan
99% Jan
conv
Reynolds
Reynolds
21%
32%
1
preferred
prior pfd ser A
Revere Copper & Brass
5% % preferred
Reynolds Metals Co
5%% conv preferred
6%
Jan
4
-25
Republic Steel Corp
6%
Dec
15%
Apr
29 % Mar 19
47
5
31
17
-10
Lie
Motors,
1,700
12%
.
*113%
Reo
Dec
July
70% Apr
par
Mfg Co
Mar
Hi/4 Jan
.100
No
Jan
34%
118
.100
1st pfd
& Co
Remington-Rand
310
C
20 J/2
42%
64
7,000
12
35%
19%
•35
2,000
<
20%
/
Hosiery
(Robt)
Preferred with warrants
24
15%
15
Silk
Preferred
Rels
IOI1/2
107
107
104%
211%
22%
7,000
109
*108%
15
23
24i/8
99
225/8
109
"100%
101%
233/4
106 7/b
106%
107
*101
24
*1081/8
14
105%
100%
23 3/4
108 %
108
108
*106%
IOIV2
*100
24
21%
21%
21%
21%
108
Real
12%
Feb
36% Mar 28
36% Jan
—5
12
119
19
21%
413/4
*113/4
*116%
26%
*106
*41i/4
41'A
Reading Company
12
73%
*19
19%
*19
403/4
Inc
preferred
119
119
119
28
30
17%
36
40%
18
Dec
33%
Feb
19% Jan
17%
36
118"%
Jan
12 %
43
17%
36
*11%
28%
-50
173/8
36
12%
3
20
—50
17%
36 %
40%
Feb
19% Feb
2
17 Ve
36%
119
37
34% Jan
17%
36%
40%
15
Mar 26
._25
17%
36%
119
Feb
—1
17%
*11%
99
16
36%
*45%
2
34% Jan
par
17
$2
Jan
91
36%
Rayonler
July
9
9
5%
Feb
7% July
12
5%
Jan
10% July
25%
Dec
27% Feb
14
17%
Jan
Feb
23
66 %
Nov
84%
6
19%
Apr
26
Dec
Jan
4
29
Sep
34
Dec
2
20% Jan
5
6
34% Feb
7
121
8%
Jan
27% Jan
Feb
20%
Sep
33
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
1674
LOW
Apr. 1
t per share
HIGH SALE PRICES
Tuesday
Apr. 10
STOCKS
Wednesday
f per sfcar#
33 %
33%
33%
34
33%
34
33%
30
*23%
29%
30
29%
30
30'4
30 34
30%
8 3/8
8%
8%
8%
8%
8%
8%
8%
8%
Sales
Apr. 13
the Week
Apr. 13
« per share
w per
Friday
Thursday
Apr. 11
33%
33*8
6
AND
Monday
Apr. 9
S»tnrd»7
Monday, April 16, 1945
iff'
31
30%
8%
8%
I per share
Swift International Ltd
Sylvania Elec Prod's Inc
5,200
31
Symington Gould
Year
Lowest
f/fPar
6,700
34%
Range Since January 1
Y Highest
..-.v"
-'f
'
Range for Previous
8TOCK
YORK
EXCHANGE
3,500
34
33%
8%
NEW
Shares
I per share
f per share
share
for
t per share
31% Mar 21
Jan
< per share
9
273/4
Apr
6
32% Jan
17
2
; 10% Feb
15
S
7% Jan
16
50% Jan
Highest
I per share
263/4
7% Jan
50
No
Corp
1944
Lowest
29
par
1
_
35
Jan
33%
Apr
5% May
33%
Jun
Jan
8
Dec
8"%
Jun
'
8%
*8
*12%
9%
*54%
8%
*8
13
*8%
55
*54%
8%
*12%
9%
*8%
9%
55
*52%
9%
*54%
8%
8%
12%
13
*83/4
55
12%
9%
55
53%
53%
53%
7%
7%
8%
8'A
8'A
8%
8%
800
12%
12 3A
12%
12%
12%
12%
1,200
53'A
54
54
54%
53%
54%
7%
7%
7%
Y'
39%
39
39%
22 3/a
21'A
21%
7%
38%
38%
39
38%
21%
21%
21%
21%
14%
15
14%
14%
14%
15%
15%
15%
14%
15'A
35%
35%
35%
35%
36
36%
36%
37
37
15%
15%
15%
15%
15%
15'A
15'A
15%
37'%
15%
36%
15%
37%
*15%
14%
,
7%
7%
7%
39
38%
39
39
22
21%
22%
22
Y
Y: Y
Texas Gulf
49
49
*8%
48
*8%
8%
48
48%
8%
*130%
139
*130%
102
*99%
*8%
102
9%
*136
102
48%
8%
8%
139
*99%
49%
48%
8%
*136
139
*99%
48%
*9
139
*99%
49
*136
139
*99 '/a
49
9%
9%
*136
102
48%
102
V
113/4 Jan
2
14% Mar
1
48% Jan
2
55
2.
10
10%
10'A
10'A
10'A
10%
10 3/s
10%
*55
55%
55'A
113A
55'A
12'A
55%
55%
55%
*55'A
55%
55%
55%
12
12 V*
12%
12%
*11%
12
11%
113A
11%
12
14%
14%
14%
♦14%
14%
14%
14%
*14%
15
*14'A
15
50%
50%
50%
50%
*49%
50%
50'A
50%
51
50%
51
4%
4%
4%
4%
4%
43/4
43A
34
4%
33%
34
33
33%
34
34
18%
18
18%
18%
18%
18'A
18%
105%
105%
105 %
105%
105%
3,100
*14%
*33%
17%
106
36
52
105%
36
*105%
36%
52
37
51%
10%
10%
*30%
31
*20%
21
*20%
5%
6
5%
*108
108%
*33%
18%
18%
105%
37%
1053A
105%
105%
37%
36%
37%
533/4
54
53'A
52%
533/4
10%
10%
10%
10%
10%
10%
1C%
34%
10 3/4
32%
31
313A
22
*
Y!
31
31
31%
31%
32
21
20%
21
21
21 %
22
5%
6
*108
6%
108
108%
6'A
6'A
108
*21%
6% Jan
36% Jan
2
40% Mar
5
323/4
Apr
37% July
20% Jan
22
25% Mar
7
14 %
Feb
29%
1
•
107%
*11%
$4.50
13% Jan 22
'
2,500
108
•*
107%
107%
*11%
11%
*11%
11%
13%
11%
113/a
113/«
11%
11%
11'A
500
19%
19%
19%
19%
19%
19%
19%
19%
20%
20%
20%
4,500
103%
103%
*103%
104%
1033/a
103 3/a
103 3/a
1033/a
27%
27%
27%
28%
28
28'A
27%
28%
35%
27%
34%
28
35
34%
34%
35
343/4
35'A
34%
34%
*104%
105'A
105'A
*103A
105 %
105
27%
27%
34%
35 %
*104%
•
105%
*10%
*10-%
*117
118%
16%
16%
105%
11%
*304%
118%
*104%
11
*117
*13.7
16%
16%
105%
*10%
104
104
*104%
11
105%
11
11
*11
118%
118%
16%
16%
11'A
118
16%
16%
118%
i
17
118
*117
.
300
*10,900
83/4
Feb
16% Nov
17%
Jan
35
10
123/4
Jan
par
44% Mar 29
24% July
593% Jan 24
50%
Feb
58
par
100
83/4 Apr
6
12
Jan
3
136
8
10
52% Jan
*
Feb
28
2
92
Jan
122
Dec
2
81%
Oct
94
Dec
19
7
Apr
103A
30
43
Jan
54
Jan
12 Va
Jan
5%
15% Mar
-4%
Jan
Jan
3
153/4 Mar
11%
Jun
13 % Mar
par
45 % Jan
23
53% Mar
32%
Jan
49 %
par
4% Jan
2
5% Mar
par
-No
par
Oil—
31
—
22
2
105
10
-No
Jan
16% Jan
ao
Axle..—
37
2
Mar
Jan
20% Mar
Dec
Feb
13
34
V
17
July
15
Jan
109
Dec
39% Feb
16
25
Jan
38
Dec
52%
Aug
Dec
100%
50
Apr
6
563/4 Feb
16
43%
Apr
10
par
2
Mar 26
113/4 Jan
9
8%
Jan
11%
Jan
3
17%
Apr
29
8
12%
Jan
18aA July
20
3%
Feb
5'A
4%%
Jan
20th
100
Z
11%
200
17
5,200
Coach
7% Feb
103
Jan
13
109% Mar 15
10% Mar 22
13% Jan
21% Feb
-No
—
106% Feb
21
101% Jan
3
;v
Dec
Dec
105'A
Dec
Jan
11%
Nov
15% Mar
20
No par
Corp
85
20 %
Dec
17
183,8 Mar 28
-
8%
102
Dec
102%
Dec
26% Mar 21:
-No Par
29% Jan
3
21%
Feb
28%
Dec
34% Mar 27
par
36% Jan
3
26%
Jan
35 %
Dec
85
Jan
105'A
Dec
9%
Dec
105% Apr
9% Jan
Transit-— .No par
7% preferred—..
100
Twin
32% Apr
24% Mar
2
1
Twin City Rapid
70
2
Jan
par
100
Film
Fox
#1.50 preferred—
$4,50 prior ptd
15
5
18% Jan
-No par
.No
Corp.-.
preferred
Cen
26
5
,
Oct
5% Aug
18% Mar
108% Jan
Mar 15
34% Jan 22
-No par
1
Corp
Corp
Rayon
Dec
.N(
Roller
Truax-Traer
Dec
July
No
$6 preferred
..
Tubize
93/4 Nov
.No
——.
13
Dec
July
56
2
10% Jan-11
—25
■
Apr
99% Apr
11% Feb
93/8 Mar 27
Corp. -No par
preferred
Detroit
30
93 3/i Jan
125
100
preferred
Transcont'l & West Air Inc
4,700
-
119
16%
17'A
«
Dec
Dec
38% Mar 16
Transue & Williams St'l
500
*103%
•
63A
21% Jan
1
Tri-Contfnental
15,500
-
*19
*
3
Feb
'
600
6%
Y'T6';." Jan
4%
143/4 Mar 31
Bearing
Transamerica Corp.—
5.300
14
30% Jan
preferred
conv
Tlmken
93/b Feb
par
Co
conv
Timken
1,900
22
6'A
63A
"610
Oct
Jan
.-No
cum
3.200
50'A
par
—
Avenue. Transit.
$3.50
Sep
"
.No
Tide Water Associated
5,900
44%
100
Thompson (J R)
Thompson Products
Thompson-Starrett Co
800
'
51%
•
6,
108%
200
1,900
19
37
Third
2,000
34'A
34'A
18%
31%
*108
Y:
'34
Y
5
$3 dlv
70
19
4- .No
preferred
Thermoid
1,600
4%
37%
37
•
•
a'/.:,:/:
4%
4%'
51%
10%
31
4%
36%
52
10%
>
51
••
Dec
Y 123/4 July
par
preferred
6%
10%
55 %
Feb
10% Mar
8a/4
10
preferred
conv
1%
___
51
Jan
_No
The Fair
200
9%
139
102
*99 '/a
10
9%
$3.60
1,160
Jan
4%
_No
Pacific Coal & Oil
Texas & Pacific Ey Co
Thatcher Mfg Co
3,600
1,000
Jan
42
7
•
Texas Pacific Land Trust—
15,100
"
7
5
9% Feb
'
16
Mar
3
25
Producing
Sulphur-
Texas Gulf
Texas
56
7% Jan
5
Corp
Texas Co (The)—,
4.3C0
7%
21%
14%
10% Feb 16
6
'
5
Tennessee
8,200
2,500
4,500
•
'
38%
■
5%% partlc preferred
Telautograph Corp
——
8%
53% .53%
7% Y 7%
'if.
Talcott Inc (James)
300
9%
55
*54%
55
1
53
9%
9%
*54%
106 % Jan
13
13
3
13
Feb
27
5%
Jan
Feb
2
125
Feb
26
68 %
Jan
14% Jan
3
19% Feb
16
8%
Jan
16'A
Dec
64% Feb
16
51%
Jan
66
Jun
9%
115
Co
118
Dec
U
'
62%
63
63
63
63
63%
64 %
62%
62%
63%
64
15%
15%
15%
16
15%
16%
16
16
16%
.
15%
16
84
84%
84%
85
83%
84%
84%
85%
153/4
84%
85%
v
85%
86 34
11,200
*113
113%
113%
113%
113%
*112%
113%
30
114%
*1143/4
*112%
*11434
*114%
113%
*113
115
x22%
29
*71%
*12%
•111
*28%
17"
*
11%
73
*71%
12%
*12%
12%
;if 36%
29 %
100
1%
1%
112,400
41%
43%
if
17%
106%
*106%
10%
10%
17%
106 %
106
*10%
10%
10%
11
11
11%
73
73
73
73%
71%
71%
71%
71%
12%
12%
12%
12 5/a
12%
36
35%
36
16%
22%
22%
22%
22%
108%
108%
*107%
6 %
6%
£*
16'/a
16%
16%
23 >vf.
23
23% ;
109
108
6%
f
;
108
12%
195
*52%
52%
52%
45%
45%
46
7%
7
*30%
*112
31
%
113%
8%
*7
31%
31%
*112
8%
113
8%
8%
53
*52%
46
*112
8%
.191
f-:
53
7%
32%
7
*52%
*10%
10%
10%
10%
10%
10%
10%
10%
*38%
39%
38%
38%
38%
38%
39
%
50
*48%
50
50%
50%
X50%
51
2%
2%
*48%
51
2%
2%
'.
50
*483/8
51%
2%
2%
•
51%
•2%
55%
56%
56%
56%
157%
157 %
*156%
157%
*156%
60%
60%
*60
60%
59%
82
82
*81%
82%
*81%
82%
63%
63%
62%
63%
62%
63%
142%
142 Vt
142%
142%
143 %
25%
25%
142
24%
25
*47%
50
4%
4%
101
*47%
4%
4%
6%
6%
*45
24
4%
4%!
101
101
17%
*86
4%
*4%
101
*17%
•*174
50
46%
87%
182
'
7
7
*45
24%
87%
182
24
25
24
57%
157
7%
*3134
50
4%
143
24
13%
35%
*34%
*13%
13%
*13%
13%
13%
13%
49%
49%
*49%
50%
49%
91
*88%
91
90
90
*89%
91
*89%
91%
29%
29%
29
3%
%
29
3%
.
3%
3%
60%
60 %
*60%
61%
120%
120%
120%
120%
*69%
74%
*69
74%
*'45%
46%
*46
46
*39%
40
-128%
134
145
39%
*129
%
39%
134
*88
4
61%
61
61%
81%
64%
81'%
65'4
143%
143%
25
65%
144
f/
60%
4%
3,100
4%
4%
43/4
4%
101%
*100%
101'%
500
4%
*100%
*1734
19
6%
45%
45
86
86 34
182
25%
6%
45
87%
178
178
25
25%
13%
13%
13%
*34'%.,
35%
*34%
35%
13'%
13%
13%
18
6%
*45
87%
*178
24%
13 Mi
2,900
*
18
Y
182
25%
4,300
.2,000
13%
133/a
200
Vick Chemical
40
92%
30
30%
1,700
91%
29%
4
62
62
*1193/4
120%
4
4
623/4
6234
1193/4^1193/4
74%
70
70
*69%
46%
46%
*46
39%
39%
39%
...
*127
134
*145
4
62%
121
4
900
62.%
500
121
74%
„
39%:
*127
29%
*69'/a
46%
x38%
220
74
46%
46%
39%
134
*145
♦127
20
'V
38 3/s
130
300
1,650
i;
5%
Va
Va
dlv
*145
Feb
Apr
97% Jan
143/4
Jan
12% July
1073/4
Dec
21%
Feb
1
70
Mar
88
Jun
12
170
Jan
186
Dec
17% Feb
15%
Oct
53% Feb
19
42
Jan
51 •%
Nov
47
Feb
28
34 %
Apr
43% July
9% Feb
21
'
Mar 26
19
34% Mar
114
8%
5
1
16%
Jan
Jan
Jan
9
33%
Dec
Dec
7% Jan
23
10% Mar
1
5%
Apr
9%
Sep
9% Jan
2
10% Feb
6
8%
Jan
193/a
Dec
2
42% Feb
13
35
Jan
46
Jan
Jan
•2% Mar 26
Jan
Jan
4
Jan
Apr
37%
Jun
40%
Jan
48
Nov
Apr
48
Dec
2
19
40
Feb
130
Jan
65 ',4 Feb
21
•
1
48%
Mar 19
67'% Mar
144
Apr
69
50%
XH93/4
Jan
22
May
50% Feb
2
Dec
May
7
1
6
44%
Y 5% Feb
28
5% Mar
Feb
12
26% Mar
5
Jan
30%
24
23
16
23/4
2
2 'A
Apr
Apr
Jan
4%
63% July
1363/s
4% Nov
Apr
5%
Oct
Mar
2
76
Jan
1063/4
Dec
20% Mar
6
14%
Jan
104%
*
18% July
2
8
Jan
25
J an
5
47
Jan
24
31
Jan
413/4
75%
Jan
24
93% Mar 19
68
Apr
81%
162
Mar
Mar 27
178
100
21% Jan
185
28
2
Feb
v
Mar
6
6
Y
3 % Jan
Jan
14%
52
Sep
12% May
41% Jan
16
Dec
51
Oct
63%
Jan
85
Dec
70
Feb
853A July
21'%
Jan
25'/a
3%
Sep
Sep
62aA July
39
Mar
8
28
Co. -6%
13% Apr
6
17
Jan
8
49% Jan
23
52
Mar
7
91
Jan
.100
86% Mar 26
L .100
Works
*
.'—5
Chemical
No
90% Jan
24% Jan
20
29
7
30% Apr
-
13
"
8
3% Mar 27
par
x92% Mar
5% Feb
20
Feb
20
'
partiq preferred
.100
59% Jan
.100
118% Jan
pfd—. .100
—25
preferred-
-25
Detinnirig Co
57
,,
9
69
8
123
16
Nov
Aug
5'A Mar
Feb
19
113%
120
Aug
75
Feb
23
38%
Feb
63
No.v
Feb
13
37
Jan
45
Dec
39% Apr
25
36% Jan
50
23% July
48
Jan '22
45% Jan
Dec
Oct
Feb
22
—5
preferred-
Dec
Nov
Jan
15%
Jan
Co
176
July
9'A
Mar '27
32
20
6
17%
13
-10
Sugar
Dec
27% Aug
Dec
48%
39
53% Jan
Dec
613/4 July
Dec
78
par
,
Dec
543A Julv
150
par
1
Sep
35'A
85
24
4% Jan
98% Jan
113
3
Mar
Jan
18
par
Feb
5
4
2
72
110
C0% Feb
160% Feb
6
12
52
10
55% Mar
23
51% Jan
144% Jan
Jan
55
2
46 '
No par
El & Pow $5 pref
Iron Coal & Coke 5%
Vulcan
7%
/
7%. Sep
No
Virginian Ry Co
6 %
Dec
Feb
2.50
Victor Chemical
6%
109%
4
-No
Cd
non-cum
Va-Carolina
Jan
Dec
2
__1
Vicks Shreve & Pac Ry
■
98 3/4
19
47% Mar 27
Inc
Corp of Am
Vertientes-Camaguey
93
91%
29%
Dec
Jun
10
2
;
600
*90
90%
29%
913/4
15%
17
5
preferred;
13%
49%
36 Va
Jan
6% Mar 27
__l
*
Norman
*88
26
191
Jan
Oct
20
24
No
Laboratories
Vanadium
Feb
108 % Jan
86% Mar
17
58% Jan
Raalte Co Inc
*49
.
78% Aug
11% Dec
5
19% Feb
5
24% Mar 29
Corp
Van
93
18
24
Apr
11%
21
Feb
%
llTa Aug
26% May
75% Jan
16
Feb
25
preferred
Van
49%
4
.
Stockyards
100
*88
Jan
8
"
35%
*49
110
135% Jan
preferred
Preferred
8%
2
par
*
*35
93
29%
non-cum
Universal Leaf Tob
10
Jan
100
Universal
400
x25% Mar
Feb
8
6
9
par
Universal-Cyclops Steel Corp
10
87%
Mar
Mar
No
500
46 %
13% Feb 20
94% Mar 17
17% Mar 7
20
No
Co
200
6 34
49%
*90
*
Corp
conv
Jan
39
9
50
United Stores class A
$6
45
.30%
100
Preferred
United
26
50
U S Tobacco
300
Dec
77
13% Jan
10
,
1st preferred
Smelting Ref & Min
7%
Dec
106%
5
Jan
50
No par
Co
npn-cum
Preferred
60
.
>
J. 17%
Jan
38% Jan
1
U 8 Steel
Apr
6
180% Jan
10
U S
12%
95 %
3
11% Jan
-20
Rubber
Dec
1% July
22
U S
S
42%
111% Jan
U S
2,600
50
4%
46 %
*145
700
51,700
*89
121
134
50
4%
101%
*69 %
/
2,500
f
25
50
4%
25
Preferred
8%
Oct
Apr
7
108
16% Apr lo
Jan 22
77
par
U S
400
143%
25%
50
*46
39
63%
143
157%
*49
-
4-
60%
*119%
*127
*145
29%
100
59
82%
*13%
91%
29%
U
157%
13%
.
49%
88 %
9,300
57%
157%
61%
24%
13%
13
2,100
58%
86
35 %
*
58
50
19 % Mar
28
Jan
1
2%
52%
2%
Jan
1%
31%
11
105
-No par
Pipe & Foundry
Playing Card Co
Plywood Corp
tU 8 Realty & Imp-t
*48 3/a
'
22
7
10
3.00U
*
9
6% Mar 26
par
Co__.
52 3/4
50
*156%
*178
24%
13%
*34%
Lines
Apr
1% Feb 21
44% Mar
Dec
Jun
70% July
Jan
107
100
1,200
82
*45
No
2,300
2%
v-i"
S
29
2
24 %
114
13% Feb
22
50
cl A
%
52%
7
U
May
13% Jan
..5
Co
conv
Mar
61
2
No par
preferred
10%
2%
1734
Leather
41
82%
17%
S
Partlc Si
10%
64%
*6%
86%
8,400
Corp
preferred--
conv
41%
52%
~4%
U
Prior
9%
4%
182
13
800
1,500
*100'%
7
35 %
7%
32 34
5%%
U S Industrial Chemicals
113%
61
*4%
434
2,800
20% May
110
7
31
100
;
9
6
11% Jan
No par
No
U 8 Hoffman Mach
20
>
24% Jan
Mar
89% Mar
No par
20
preferred
Dec
Jan
33 % Jan
par
10
10%
*48%
25%
7%
Dec
123%
5
100
Foreign Secur
preferred--—
Sep
36%
Jan
6
1
1st
110%
Apr
102%
Feb
66
Improvement Co.-_13%
Paperboard
Feb
22%
Mar 19
73
5
Freight CoGypsum Co
1003/4
36% Mar 19
125
114
5
No
41%
2 S/8
*50
17 3/4
13
1,900
157
25
4%
35%
9%
U S
30
17
82%
46 %
*85
7%
32%
9%
.
*45
*174
V
53
*112
$6
U 8
3,100
46%
73/a
103/«
260
1,400
68%
101
*17%
U 8 &
*52%
53%
57%
11,400
17
Cos..;
preferred
17%
106 %
x45
32%
Gas
United
61
50%
4%
50
16%
113%
9%
:.
.
5%
300
157
60%
25
*6%
46%
87%
*174
56%
101
17%
*17%
56
80
6%
53
40%
50
109
47
*112
93/s
•6%
17
47
113%
8%
191
17
16%
47
73/a
32:
7
31%
113
8%.
*108%
195
195
163/4
;46
.
31%
*112
United Merch & Mfrs Inc
•190
*190
16%
1
3,800
86
83
7%
United
109
'17
52%
8.800
82
16%
8234
46
16%
24%
17
106%
16%
82
*51%
16%
24%
106
*106'/a
163/4
82
*45
Engineering & Fdy
17%
106%
16%
82
100
Coal
109% Feb 13
22
Preferred
Electric
Nov
9% Jan
105
par
1
United
Nov
33%
2
15% Jan
5
United Fruit Co
Dec
30
1
No
•United
104
Jun
2
Corp
800
83
106'/a
16%
82%
Dyewood
1,700
106%
106%
16%
82%
Drug Co
preferred
$4.75
Feb
Jun
24
26 % Feb
Dec
Dec
92%
Jan
1% Jan
38% J an
par
No par
Oct
20 3/4
25%
8
Jan
66..
No par
1,900
16
106 %
United
111
115
26
22
No
$3 preferred
United
par
11
Feb
11
22% Mar 22
100
United-Carr Fast Corp
United Corporation
Jan
Jan
33% Mar
31% Jan 22
118
par
No
Co
36
16%
16%
Carbon
94:%
16%
106%
16%
No
35%
6%
15%
Co
preferred
conv
United
230
12%
Biscuit
8
106% Mar 20
10
100
94%
6'/a
15%
16%
f
100
Inc
2434
16
24%
83
*6%
5%
Lines
preferred
United
400
1,100
Air
4%%
36
*10734
15%
*190
12%
7,600
110
6%
15%
16%
17% f 17%
*106%
■
*6%
15%
16%
United
5
94%
16%
94%
16%
*
I.73/4
110
No par
United Aircraft Corp
5% conv preferred
13,100
94
16%
*28%
500
preferred
Union Tank Car
40
72%
1%
83
*16
113
42 %
36
190
200
1%
94
;
23
413/4
17%
16
190'
11,900
1%
*93%
*190
700
35'/a
4P4
MS
,;V *6
109%
1%
16%
106
32% Jan
40%
93%
15%
109% Apr
1%
36%
6%
24
29% Jan 19
27% Mar 26
17%
93%
16 \
109
100% Jan
41%
106
10%
10%
73
i
'.f
106
*105%
106
100
1,000
non-cum
Jan
Dec
Jun
Nov
118
17
41 y«
17%
41
109%
Sep
41%
1%
1%
•
41%
29
Jan
4%
700
7134
29
116
119
17%
*111
7134
29
113
93%
23
113
*70%
39
23
1
123
*121%
23'4
♦111
71 a4
34
35%
122
23%
113
713/4
30
*6%
106
111%
72
94
15
111
*28%
1%
109%
109
3434
23%
*22%
*71
37
109
113
23%
30
93%
22%
*22%
71%
*36%
16
23%
109
122
No
117% Jan
2
1,300
*28%
.
109
12,900
35%
series
113% Mar 16
25% Mar
2934
109
Preferred $4.50
pfd___No par
125% Mar
31%
121
Feb
Union El Co of Mo $5
22
29
34%
82 3/4
24
31%
121
15%
Sep
20% Jan
30a4
109
Feb
76
113
29%
34%
7
6
109 % Jan
29%
125
Mar
90% Mar
100
3034
108%
17
24
par
par
25
29%
34%
24
par
Union Oil of California
31'/a
*121
3
14% Jan
78% Jan
Carb—
&
Union Pacific RR Co
29%
34%
583/4 Jan
No par
No
90
-.31%
*71
1%
ifI09f/-
109
No
Union Bag & Paper
6.700
•
125
109%
Under Elliott Fisher Co
Union Carbide
2,700
23%
124
29%
124
*111%
17%
-
115
125
31%
30
1%
22 34
235/b
124
28%
71%
41%V 17%
*10%
1093/a
115
23%
23%
30%
*22%
113
71%
*23%
*105%
109
22 34
108 %
34%
23%
*111 %
109%
114%
28%
*121%
125
*22%
125
30%
28%
109
110%
34'%
34
124 %
91
113%
1,400
5,500
109 fa
*29%
29%
*121
114%
124%
*109
109
30%
*29%
*109
114%
22%
121%
109
*62%
123
22%
121 %
109
f
*113
114%
114%
23
120%
22%
120
109
f
6
33
Apr
383A Nov
Jun
*
.100
Mar " 2
127
Mar 27
102
Jan
125
Oct
.100
145
Mar
147
% Mar 26
149
Feb
155
July
ljpO
Preferred
120
66
40
Jan
68
Dec
10%
Jan
14'A
Dec
26 Va
Apr
31'A
Dec
5
W
*68%
15
68
15
*34%
*109%
For
32
110%
footnotes
*66%
15
68
68
63-
66%
15
15
15
15'4
32
32
32%
32%
*32'%
109
110
>108%
109%
109'%
see
page
1675.
»
66%
15%
33
109%
67%
67%
*66%
67%
500
*15 '4
15%
1,200
32%
15%
32%
15%
32%
*109
110
110
33
600
110
120
Wabash RR
4%%
preferred
Waldorf
System
Walgreen Co
4%
preferred
Jan
2
76% Mar
7
No
par
13% Jan
10
16% Mar lo
—No
par
30% Jan
24
33 %
100
106% Jan
2
;
Mar
110'A Apr
6
6
xl05
Nov
1083/4 Nqv
Volume
161
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
NEW YORK STOCK
LOW
Monday
Apr. 10
'
Apr. 7
,;"
$ per
*62%
63Mi
*19%
t
share
20
t
63
62%
191/2
20
*19%
10%
10%
10%
101/4
10'A
9%
2%
2%
'2%
10 %
*2 %
*62
63 %
63%
63%
19%
19%
19%
*19%
10%
10%
*10%
10%
10%
10%
9%
*10
10 y4
.10%,
2%
2%
2%
2%
63
63 V2
63%
63 Va
10
10
63%
*62
63%
*62
*19%
20
10
13%
13%
13%
13%
13%
30%
29%
29%
30
26%
*26
26%
26%
20%
20 %
34
34
*26
t
20%
20%
vv:-'20%
13%.
14,400
Warner
-31%
900
26%
X25%
26%-
400
22
34%
35%
35%
36
36%--
35%
'
22
•21%
21%
36%
36%
36%
36%
9%
-: 9%
91/2
9%
9%
9%
91/2
9%
*25%,
25%
25%
25%
25%
251/2
25%
26
*84%
85%
-
85%
85%
85%
23%
24 Va
24
24
24%
.
*103%
104 V*
104%
-
104%
104%
105
105
111%
111%
111%
-
111%
113
112
112
105
105%
104%
104%
117%
*117%
117%
23%
23%
i
>
85%
-*83%.
24%
104%
1041/4
1041/4
111%
111
111%
105%
117%
*104%
105 %
*104%
,105%
*104
117%
117%
*117'/4
117%
*117%
*23
111
•
23%
*23
23%
111
<"■
23%
*111
112
19%
19
19
18%
18%
38%
39
39
39
39%
6
6
6
r
20
.
20%
-
>29
*112
46
45%
46
45
27%
*26%
150
*149%
34
34
34%
29%.
;
30
*29%
•
28%
29%'
130
-29%
34%
110%
110%
i
*70
73
V,: *70
103%
35%
35%
91
112%'
150
23%
..
110 Va
110
110
110%
110%
310
preferred
$4.25 preferred
73%
;
,'V
103%
367/a
36 Va
36%%-
91%
90%
91
90%
90%
91%~
92%
9OV2- 92 %
1
820
Wheeling Steel Corp.
$5 conv prior preL.
/
.
23
23%
23%
23
23
22%:
23
23% -J 23%
1
700
White Dental Mfg
28%
28%
29%
27%
::./ 27%
10
v-
•84
87
*84
87
•31V.
31%
*31 Va
31%
*31
31%
7%
*7
'••;. 7%
7%
11%
17%
17%
V'
11%
/ft-
11%
//;■/11%.
K.: 100
100
102
v-::
15% Y 15%
.
43%
*27%
87
87
90%
*87
71%
52 V4
..
*100%
102
:-/
16
•44%
53 %
*86%
89 Va
53%
89%
89
*88
*71
'
-*14%
U4%
14%
147/«
36%
35%
36%
37%
37%
14%
14%
-14%
14%
*14%
15
14%
14%
*36
37%
36%
,
*£&
14%
15
38
.
38
i
.
14%
14%
22
*211%
14%
21
46 %
106 Va
21%
45%
46%
106 «/a
211/2
211%
46%
,
46%
22
*107
*106 ft 108
21%
*21%- 21%
107'/2
21%
21%
107
15
46%
61/4
•Bid
and
6%;
asked prices;
no
39%
39%
6%
6%
6%
IBSM
.
i'
*
Dec
Mar 19
20
32% Jan
13
41% Apr 13
7% Mar 2
26%
Apr
22
3%
Jan
6% July
2
23% Mar 19
7 %
Jan
16% July
2
41% Mar 22
29%
Dec
31%
Dec
65
Dec
66 %
Dec
41
Feb
53% July
,
Mar 22
78
49% Mar
Mar 26
8
29 Va Mar
22%
15
21
Apr
13
x91
Feb
151
Jan
3
36% Feb
16
6
8
Dec
31% July
Apr
134
37~Va
Jan
x31% Feb
Mar 26
Feb
.1
32% Jan
20
31%
Dec
126
Dec
151%
127% Mar
Dec
29%
36 Va
Dec
Dec
31% Feb
27% Feb
16
106% Jan
25%
Jan
32
July
17
105%
Jan
111
Dec
110% Apr
4
19
113% Jan
5
,3
108 % Feb
-
107% Nov
101% May
ft
64
Jan
77
Feb
19
59%
Feb
15
97%
Jan
6
20%
Feb
32%
92%
78
7
31% Jan
?4
39% Mar
24
"87%
»
107% Jan
19
103 % Apr
July
104% Aug
Dec
Dec
15
66% Jan
18
Feb
22
"26% Jan
22
31% Feb
16
20
Feb
29% July
11% Feb
15
5
Jan
8% Jan
■83% Jan
15
Jan
23
30
*16%
*.1
Oct
87%
31%
Dec
4%
Jan
9%
Apr
6
Feb
20 Va
July
24
2
Feb
13
19% Jan
15
14% Feb
2
101
Apr
12
100
Apr ; 2
Jan •. 2
100
Apr
Jan
130 /.
128
"22% Jan
30
17% Mar
Nov
Sep
125
Sep
19%
Apr
24
July
8
36%
Jan
44%
Oct
13
20%
Jan
41 Va
Nov
47% Jan
82 Va
Nov
"38
Jan
15
56% Apr
*79
Jan
3
80
"~75
Jan ;
Jan
84
Nov
91%
Dec
74 Va
Nov
14
Dec
7
Mar
99 % Feb
27
Feb
19
74
9
Jan
49
89% Mar 16
5
24
69% Mar
123
2
Apr
46% Mar
pa*
14 % July
10% Jan
2
Feb
24
88
80%
7
28
6
Jan
*40%
No par
11% July
99 %
2
"13%
.10
Jan
Jan
8
8
15
100
No
9% July
Jan
Jan
x64%
3
Jan
.10
'Del)
Jr
9
Mar 26
10% Jan
10
pfd
Feb
34% Mar
'97%
100
i—
87
•
6% Mar 26
No par
(F W) Co.
3
*
.5
<
July,
~
«1
called-.
Co
Jan
par
No
z.——No par
d
69% Jun
58
Apr
•
19
13
Dec
19
27% Mar
Jan
22
16% Feb
28
1
32% Jan
24
40
13 Yb Jan
13
16% Feb
17
9%
Apr
15% July
Young Spring ft Wire
Youngstown Sheet ft Tube
5%% preferred series A
No par
No par
100
19% Jan
17
25
Feb
19
14%
Jan
20% July
39 Yb Jan
22
-50% Mar
7
33%
Apr
42% July
105 % Jan
19
110
Youngstown Steel Door
No par
Y, 13
5
Wyandotte Worsted Co_—
.
i
1.900
Yale ft Towne Mfg. Co
•'
5,300
3,700
York
?
110
15
Wright Aeronautical
1,100
.
Feb
103
Mar 26
26% Feb
u
<WmI
July
94% Feb
Motors-—
preferred
Wrlalev
Sep
28
144
Worthineton P & M '(Del)—No par
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
300
20
9,500
100
107
-fti 3,000
Corp
20
Mar 26
Feb
36 % July
96
Jan
106%
Nov
24% Feb
14
13
Jan
20%
Deo
Feb
15
33%
Jan
44% July
7% Feb
8
3%
Jan
6% July
Mar 21
6%
a
r--v -■ ■■
40%
6%;
6%
| 2,000
12,000
Zonlte Products Corp.
n New
Deferred delivery,
Stock,
5% Jan
wd When distributed.
• Special sales,
sale.
r Cash
36% Mar 26
—No par
1
Zenith Radio Oorp—
7%
40
40%
39
$ln receivership,
sales on this day.
EST
,
39 Va
6%
6%
$6
111
10
Dec
16% Jan
i,
39%.
39%
38%
39%
6%
'
21% -•"22%
l<
39%
■
Jan
26% Jan
6,600
700
*
%'
48%
107
22%
:
if i
■
f 23
22
107
•
22%
22%
14% '
47%:
'.'47%
48
37%
23%
22%
22%
.22%
,46%.
45%
-
21%
-107
107
,14%
23
9
Wisconsin ElPow Co 6%
200
i
.
37%
15%
•14%
26% Feb
.:
Woodward Iron Co__
*
...
'
■Ji
118%
"21% Jan
—
—t-".
«
71%
*14%.„.147/a
,
Apr
'28
Woolworth
1
■
90%
.
71%
113%
115% Jail 24
7,600
-f "
Y
87%
89
*90
73
_■
800
'
t
•
■.•';
'" 56%
89
89 '••••••••
90%
*71J/a
10
'
20
preferred
Qil Co
;; Preferred
Wilson-Jones
ty 900
v/
*
•
-
-j
16
87%
117% Feb
__No par
20
Wilson & Co Inc
'
.28
W 55
2
_s.l
Willys-Overland
300
>
/:
44%*>45V8
89
90 v2
73
K
56%
*88%
90%
73
-
•/•///
45
*87
88 Va
.15%
28
'
103
•
"
(The 8 S)
Mach Corp
preferred.
conv
Wilcox
j45,600
^1011/4
$4
Prior
10,500
*131
28
*
400
Y-
.
*99% "102
44%
i
'7%,
>18%
*99%
'
-
200
.
'
White Sewing
1,300
■
12Vs\l2%
15%
157'8
27%
32%
18
Apr
30% Jan
100
100
No par
White Motor Co
120
*7Va
V'
102
*131%
28
10
87
*31%
12%
12%
101- - 101-
100»%
90%
*71
73
*71
71%
18%
52
52%
'*87
90%
*87
18 Va
I2V4
44
88
.
*86%.
87
87
,
.
87
-
18%
*27%
/
44
,51%
'
87
*86
7%
':>■ *131 v2
27%
43%,.
51%
52%
87 :'v'Z
*85%
7%
*151/4
15%
27%
44%
7%
*100V4
102
i5%.
-
28 Vs
1
44
437/«
52%
;
*131%
.
28%
32%
100%
*131%.
'
*131%
*9%
17%
,.
100%
>100%
102
.
i 6.7Q0
87
,
12 Va
18%
r 5,000
29%'
29%
10
*31%
»rj
ioa%
35% -,-37
87
31%
31%
12 Vb
*100.
100
*100%
16
17%
—103%
29%
97/a
87
87
*84
/
29%
9%
9%
9%
9%
9%
T
*7
17%
11%
28%
9% V
7 %
17%
*15
120
103%
103%
'
..
Wheeling ft Lake Erie Ry5%% conv preferred
70
i
'
85%
86%
*27%
:'/!■
-/.''.ft
•>
*103 s/4
28
*100'/.
75
1
'
35%
*9%
*99%
*72
75
"•74
y
103 V2
86%
28
74
73%
.
85%
'64% Jan ;2
No par
—No par
35
*103%
103%
15
'
£4.50
Dec
106% Feb
Westvaco Chlorine Prod.—_No Par
112%
Dec
8
12.50
700
30
114
102%
113
^, 44
50
.50
30
30
Jan
13% Feb
No par
Instrument—
Elec
Dec
83
Mar 12
4% Jan
—1QO
preferred—...
partic
Dec
28
Feb
100
Weston
23
91
*23
*70
73%
:
1st
85%
Feb
17% Mar. 9
*
Westinghouse Air Brake.—No par
*
Jan
18%
96%
106
10
100
Ry__,
2nd preferred
.
77
8
28
__..l
•.
Supply Co
Maryland
Class B
28
27% Jan
22% Mar 21
100
A__
Jun
Feb
87
Feb
116% Jan
series
25%
115
100
non-cum
10% July
Jan
26
Jan
Auto
Dec
Jan
106
-
31%
Jan
6%
22%
.8
pfd
23
2
IOOI/2 Jan
101
4%%
19
.
20
par
100
35% / 35%
*103%
.
20
preferred
Power
Dec
15% Apr
25
Aug
22% Dec
11% Mar
23% Mar 26
109 % Jan
Penn
Jan
Jun
28 V8 Feb
\2
84% Jan
"
__1
45
10 V»
20
39% Feb
6
Jan
1
24% Feb
3
9 % Apr
24
No par
Corp__
90%
103%
/.
preferred—
600
*112
30
30% Jan
,
27
2
Mar 26"
20
par
Westlnghouse El & Mig—
,
.
No
«
35
r
112%
''
Apr
Ll
Eisenlohr
Preferred
60
110
112
22 Va
Western Union Teleg class A_No par
7,700
150
34%
Mar 12
24 % Jan
par.'
♦
9 *
6%
.
.
.134
*149
150
July
36%
Western Pacific RR Co com„No par
.
.
10,700
■ft 100.,
I 5,400
112%
112
110
110
v
291%
114
*110%
.
'
29%
150
34%
'
29%
131%
15
Feb
100
4 %
900
-46%
*27%
28
29 %
130%
-
149
149
*33%
35
*27%
29%
Apr
22%
West Va Pulp ft Pap Co—__No par
.
f 3,100
45%
27%
May
11%
20
Western
45%
130%
62
14
35% Feb
6%
M.50Q
29%
14
15% Feb
Mar 27
Western
*39%
128
66% Feb
Mar 26
3,600
76%" 77
29%
15
13
30
1,100
39
127%
57% Jan
5
par
2,600
77
28%
147%
29%
114
5%
39%
126
50
No
—No
preferred
,lJ.
Western Air Lines, Inc.--
:
41V*
-
2% Aug
s,
/ 19%
5%
Feb
preferred
West
30
■
77
*26%
29%
*34
41
1%
I
112
39%
27%
127 V*
147%
I
40
130
l,30p
77
44%
34%
29%
23%
19
40%
6%
'
,
39%
45%
149%
19
<
I
117%
76
44%
34%
6
11
7 %
-
39%
45%
*147%
104
77
*75
2 9 Va
Xl04
-
39%
45%
*26%
40
2% Apr
„
.
38%
38%
75
126%
i3o
20% A21%
75
29%
19
6%
-
2
West Penn Electric class A_-_No
60
;
21%
38%
271/4
6%
1
112
21%
75
128
18%
40 %
39%
,
105%
*111
1% Jan
Pictures
Indies Sugar
West
8,300
X112
112
*111
Bros
$4 conv
300
J
21
39
28%
112
par
Webster
*104
*23
11% Mar
Wesson Oil & Snowdrlft__—No par
20 %
75
27%
23
Jan
3,800
'
117%
8
1,700
*84%
85%
23% r -24%
1
11% Mar
Wayne Pump Co
2,500
i
9%
21
39
127%
25'
2
Waukesha Motor- Co__
1,200"
25% *'26
84%
24%
r
20
■■
20%
*19%
:
.
6 *
6
84%
24%
Nov
9% Jan
No
Fdy & Pipe
Washington Gas LtrCO
*
.9%'
'
85%
18%
39%
*5%
*18%
9%
26%
23
23%
23%
*111
112
"111
*117%
9%
26
-
Nov
x20
Jan
No par
Warren
21%
68
Jan
7%
preferred
13%
31%
1
21%
•
$7
300
13%
32
-
Feb
17%
14
No par
Class B
13%
*25%
48
24
11% Feb
preferred
Baking Co cl A
30%
25%
20
20 % Feb
2
Ward
22-
26'/2
68% Feb
4
par
13%
*29
Highest
f per share
.8% Jan
par
No
26%
30
1944
I per share
19% Jan
No
Dlv redeem
Walworth Co
.4.600
t per share
61% Mar 27
G & W
(Hiram)
100
600
Year
Lowest
Highest
6 per share
4,900
2%
-.*63%
*62
63%
Walker
•2,300
-2%,/
•
Par
30%
13%
13%
*28%
64%
1
,
Lowest
Shares
19%
10%
2%
lOVs
t per share
Range for Previous
Range Since January 1
EXCHANGE
the Week
ft.
63
63
9%
2%
S per share
Apr. 13
STOCK
NEW YORK
Sales for
Friday
Apr. 12
f per snare
62%
62%
*
9%
STOCKS
Thursday
Apr. 11
share
e per
per share
RECORD
PRICES
Wednesday
Tuesday
Apr. 9
Saturday
SALE
AND HIGH
1675
42
2
yEx-rlghta.
x-Ex-dividends.
SS
1
Transactions at the New York Garb Exchange
Transactions at the New York Stock
k
Exchange
Daily, Weekly and Yearly
'
Stocks
Bonds (Par
(Number
Daily, Weekly and Yearly
Week Ended April
United States
Foreign
and Mis cel.
Government
Week Ended April 13,1945
Saturday
$65,000
$2,805,000
372,420
Saturday
Sales
Bonds
Shares
,
*130,000
Bond
Bonds
Railroad
Number of
Total
Bonds
Stocks,
Foreign
Government
Corporate
Total
$360,000
Shares)
13^1945
$2,906,000
$36,000
5,181,700
6,843,500
Monday
565,230
4,970,700
182,000
29,000
Tuesday
756,190
1,060,210
6,611,000
221,500
8,735,700
321,500
11,000
7,000
$29,000
$1,000
*$390,000
*700,000
1,055,880
9,289,400
412,500
7,000
8,610,000
330,000
20,000
*190,000
553,000
*290,000
*270,000
508,000
VeTooo
6,000
803,000
47,000
*850,000
*500,000
;
686,000
104,000
*790,000
1,590,000
$3,598,000
$202,000
.
Thursday
9,708,900
1,803,900
6,000
6,000
688,000
*210,000
Wednesday
9,064,200
8,960,000
Wednesday
Thursday
i
.
Friday
Value)
Foreign
Domestlo
of
?
Total
1945
5,613,830
Bonds
Week Ended
Jan. 1 to
April 13
1944
3,517,-780
107,901,873
69,190,994
$110,000
$193,350
$1,999,550
4,054,000
33,586,400
Foreign government
32,943,000
5,613,830
Bonds
TJ. S. Government
Foreign
Railroad & industrial
41,021,800
48,032,300
$42,664,300
Total
$52,279,650
783,130,700
1,007,925,600
A"
*
Unofficial
$48,781,000
19,645,000
$58,591,000
16,000
'"
343,000
300,000
20,000
figures.
The
next Monday's
actual totals were
not available at press
issue.
2,365,000
$61,256,000
time. We intend to publish
$3,933,000 *$68,769,000
*$3,820,000
'
Total
f
them in
18,367,030
477,000
$3,588,000
'202,000
.
1944
1945
*33,980,548
$3,440,000
: •.
;
1_—;
Foreign corporate
$2,042,700
1,532,500
Stocks—No. of shares
"
April 13
1945
1944
1945
•
$818,716,650 $1,042,911,300
Obligations Of Governmental Agencies
3%s
Federal Home Loan
Stock And Bond Averages
are
the
daily closing
averages
of representative stocks and
10
30
20
15
Total
10
Indu»*
!
Rail¬
Utili¬
65
Indus¬
trials
roads
156.33
—
51.35
27.92
156.10
51.19
156.51
bonds
3s
Jan.
1,
1956-1940—;
Mav
1,
1956-1946
2%s Feb.
1,
,085s
1955-1953
—
100.18
101/31
100ft
100.19
102.1
102.29, 102.31
102%
103
July
Bank—
Ask
0.75%
1945..
16,
Issues
Other
U S Conversion 3s__
U S Conversion
•
3s
Panama Canal 3s
1946
1947
1961
1011?
1011*
104%
104 Va
133 %
134%
—Bonds—
Stocks
•
——
8s
-
„
——.100 7/64
1955-1945—
3s July 1955-1945—
••
Bid
b0.90
Ask
Bid
Federal Land Bank Bonds—
Below
April 13
989,285
*1,590,000
Stocks—No. of shares
$3,820,000
Jan. 1 to
1944
^
$42,664,300
$110,000
$1,532,500
$41,021,800
*530,000
$20,000
Week Ended April 13
'
Total
*560,000
7,000
ties
First
Grade
10
Second
10
Utili¬
40
Rails
ties
Bonds
trials
Ralls
57.89
106.81
115.21
95.71
109.38
106.77
Stocks
United States Treasury
Total
Grade
Rates
Bid
27.85
57.77
107.06
115.19
95.76
109.30
106.82
52.08
28.06
58.18
106.99
115.22
96.07
109.42
106.92
April 26, 1945
28.29
58.83
106.99
115.35
96.26
109.39
107.00
52.74
28.24
58.87
106.89
115.43
96.38
109.39
107.02
May
May
53.19
29.25
59.53
106.92
115.21
109.27
106.28
are
April
19,
1945
3. 1945
10. 1945
May 17, 1945
May
24,
1945
for discount
at
May
;
Bills
purchase
RM
Ask
b0.375 0.28%
b0.379 0.32%
b0.375 0.32%
June
7,
June
14,
b0.375 0.32%
June
b0.375 0.33%
July 5,
b0.375 0.33(
July 12,
June
1945
1945
21,
28,
b0.375
1945
31,
Treasury bill?
52.91
96.14
quoted
1945
1945
1945
1945.
—
Ask
0.33%
b0.375 9'?? .5
b0.375
b0.375
,
0.34%
0.35%
^
frO-375 0.35%
b0.375
0.35%
b0.375 0.35(
THE COMMERCIAL & FINANCIAL CHRONICLE
1676
Bond Record
New York Stock Exchange
«»
FRIDAY
WEEKLY
-
YEARLY
-
and defaulted bonds. Cash and deferred delivery sales
the week, and when outside of the regular weekly range are shown in a footnote In the week in which they occur.
Prices
NOTICE
column headed "Interest Period"
italic letters In the
The
interest"—except for Income
"and
are
Interest
Exchange
Period
A-O
3%8
Treasury 3'/a8
Treasury 3'/as
Treasury 3s
1946 -1950
1946 -1949
1949 -1952
1946 1648
1951 1953
1955 1960
1945 1947
M-S
Treasury
3s
27/aS
2%s
2%s„
2%s_
2%s.
2%s
23/4S
2%s
2V2S
2Vis
2Vis
2 Vis
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.1948 1951
1951
J-D
*103.7
*110.12
J-D
*103.2
103.4
M-S
*111.29
111.31
113.23
114
I
Brazil
103.27
103.20
II
*105.29
105.31
112.27
„
__
J-D
*110.13
113.27
3-D
*114.27
3-D
*101.15
*105.30
110.14
*103.14
J-D
*102.11
lt&~A
101.20 101.20
4
100.18
101.14
6
100.17
102.4
101.13
100.15
101.25
101.11
101.14
~3
100.10
102.2
101.11
101.16
27
100.18
J-D
*108.28
Treasury 2 Vis
1956
102.16
102.18
2s
Treasury
Treasury 2s
Treasury 2s
Treasury 2s
2s
Treasury
Treasury 2s
2s
2s
Treasury
Treasury
Owners'
1 Vis
York
New
Unification
Transit
3%
3-D
*103.28
MS
*102.13
3-D
*104.17
104.19
1951
J-3
*102.29
M-S
*102.29
3-D
*102.30
MS
*102.31
MS
102.30
102.30
*102.25
102.27
100.25
1954
1954
J-D
102.16
3-D
102.22
25
60
60
7
51%
60
No.
26
*60
62
52
59%
No.
27
51%
59%
No.
59 Vi
28
(City)
f 5s
s
1957
ipsi
102.22
1
J-D
*107.6
3-D
*101.27
101.29
3-D
*106.6
100.13
107.8
1948
f 4%-4%s
112%
Agricultural
A
Bank
Mtge
6s
1947
F -A
1948
A-O
*63
MS
*73%
Akershus
(King id Norway) 4s
AAntloquia (Dept) coll 7s A
1968
1940
J-J
External
s
f 7s series B
1945
s
f 7s series C
1945
35%
J-J
A External
3-J
A
s
f 7s series D
A External
s
f 7s
A External
sec
s
f 7s 2d
AExternal
sec
s
f 7s 3rd series__1957
A External
1st
series
series
8
f
conv
8
f
extl
1945
3-J
1957
A-O
*30
*30
8
f extl
Australia
5s
35%
A-O
*30
J-D
91
89%
105%
J-3
i'/AijA'A'A? 105%
104
105 %
195*
J-3
(City) 8s
(Rep) External
1942
sinking fund 6s
assented
A-O
Feb
1961
1961
F-A
Jan
1961
__Jan
1961
J-J
Sep
1901
Sep
assented
1901
1902
F- A
971/2
A-O
97
97 Vi
97%
97%
1061/2
104%
104
1041/2
12
101%
101% 1021/4
17
95 %
100%
102
5
100 i/a
lOlVa
7
105%
106%
9
59%
67%
53
60
57%
66%
M-S
J-3
1955
J-D
106%
J-D
67
100% 100%
106% 106%
66
Stamped pursuant to Plan A
1978
J-D
1957
A-O
J
(Int reduced to 3.375%)
AExternal s f 6Vis of 1927
1 Stamped pursuant to Plan A
-
/»■
(Int reduced to 3.375%)
A7s
(Central
60
60
—
63%
66%
(Int reduced
A-O
1957
A-O
1979
J-D
to 3.5%)
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (Plan B)—
1
3%s Series No. 1
'
1
funding bonds of
Stamped pursuant to
33As
Series
No.
*
No.
No.
5
3%s
Series
No.
Series
No.
Ho.
No.
61%
60%
61%
Series
No.
63
I
10
Series
No.
63
60
I
58%
Sereis
No.
13
Series
No.
No.
-
;
No.
—
17
18
3"is
Series
No.
19
footnotes
see
page
61%
52
19%
18%
19 %
18%
18%
_2
17%
18%
19%
18%
18%
~1
17%
19
18%
18%
18%
J-D
1961
18
18%
r
•
18
17%
11
?:
"3
1901
18%
1
17%
18%
18
7
17%
18y4
J-J
A-O
17%
A-O
1901
6
60
61
29
17%
16%
17%
40
26
30
1028
1927
externa]
Oct
Jan
sf $
bonds
1947
Rica
(Rep
J-D
1953
of)
1951
1977
A-1951
A-O
20-year extl 6s
1942
lADominican Rep Cust Ad 5Vis
§Alst series 5Vis of 1926
series
sink
fund
A-O
1942
1940
41%
35%
52%
61
60%
52%
-
61
7
51%
61
.
51%
60
11
51%
108
•^w
•!
•—»
6
51%
60
35
60
58%
61%
60
51%
*75%
90
*91%
87
87
72
84
91
59
60
*60
60
—
5
51%
61
51%
59 %
—
:
*
!
*
,82
82
81%
„{
91%
95%
77
r5
j
155%
80
45
94
87%
.
74
•
■
*100%
A-O
in
154
*821%
90%
108 ya
110
88
100%
100%
I
4
A-O
*100%
—
"
Customs Admin 5Vis 2d series
5Vis
1st
AEstonia
Finland
(Republic of)
(Rep of)
M-S
101
J-J
1945
unstamped
101%
100
'*101
M-S
1949
stamped
100%
*101
A-O
1967
7s
ext 6s
*100%
A-O
1969
.
French Republic 7s
1961
1969
series
5Vis 2d series
J-D
*50
60
*97
100
*108%
44%
98
106%
60
98
-VA
108
4';
1949
Greek Government—
A78
A6s
Haiti
part
paid
part
paid
(Republic)
Helslngfors
1964
(City)
f 8s series A
ext
Irish Free State extl
s
Mexican
(Prov)
A
19%
A-O
A-O
*83%
M-N
100 % 100%
16%
7s___l957
A-O
*24
1954
j-d
1954
j-d
1943
M-N
82%
.
86
100%
102
__
25
12%
31
31
34%
94
100%
*18%
27
*19
q-j
23%
99
*12
Q-J
25
14%
96
*98% 101
;.G60
4s readjusted
31
100%
99
100%
Irrigation—
,A4Vis stamped
A Mexico
21
1952
1960
6Vis
f 5s
AJugoslavla (State Mtge Bk)
AMedellln
(Colombia) 6Vis
Mendoza
*20
*18%
1968
s
(US)
assented
to Nov. 5, 1942, agree
extl 5s of 1899 £___1945
Assenting 5s of 1899
to
Nov.
1945
5,
1942,
agree
5,
1942,
agree
AAssentlng 4s of 1904
AAssented
to
Nov.
1954
AAssentlng 4s of 1910
1945
1 !
11%
AAssented
to
Nov.
5,
1942,
agree
17%
16
17
*11
14%
10%
13
10%
9%
11
*9%
j-j
17
*13%
17
T4%
SECURITIES
FIRM TRADING MARKETS
r.ARL marks & TO. mc.
FOREIGN SECURITIES SPECIALISTS
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
*H ° £
18%
*15%
j-d
For Financial Institutions
FOREIGN
10%
18%
61%
3
41
108
105%
...
■
61
__
60
83%
31%
16
60
59%
84%
70
7
43
42
72%
2
*155%
MS
1940
5 Vis
81
*109%
F-A
1962
gold 5 Vis
External gold 4Vis
J-3
1955
External
81
*106%
A-O
1952
83%
*108
J-D
ser
A!
*107
J-3
1945
46
42
«*-*•
35
!
J-D
1953
5 Vis
' '
77
55%
41%
■
'
83
F-A
debt
wks
I4.I.
76
69
48%
*42
MS
1949
32
*42
M-N
1949
2
53%
*42
M-N
7s
5s of 1914
(Republic of)
external
F-A
1952
75%
51
M-N
1947
68%
73%
A-O
1940
K;
*72%
53%
59%
52
__
18
*16%
*28%
60%
i
60-
1680.
72
53
51%
18%
18
17%
J-D
1970
18 %
18%
M-S
i960
18%
17%
"5
18%
17%
18
18
18
M-S
1951
18%
18
*16%
M-N
i960
19
19%
17%
M-N
1902
17%
17%
17%
A-O
1901
~1
21
*18
A-O
1962
18%
18%
*16%
J-D
1961
18%
61
11
19%
18%
J-D
61%
52
-
—
For
63
60%
60
16
No.
No.
52
-W
60
—
Series
Series
19
17%
61
60
59%
—
Series
17
17
•
*60
—
.
3%s
61%
-
15
33As
52
■
60
14
Series
52
28
*60
—
12—
3%s
57
29
*60
—
11
3%s
•
*60%
—
33As
33As
■'■■..-•
61
61
__
""**
52
—
61%
—
33As
18%
9
59%
58%
9
5'As
54
65
61
_
8
Series
?%s Series No.
67%
58%
7
Series
33As
,
60
59%
*51
—
6
33As
1
52
61
4
Series
33As
1
9
17%
1
18'%
Plan A
61
Series
65%
67%
61
33As
60
60
*59%
—
2
33As
*
57%
10
18%
18%
(Republic of)—
of
AAssented
52
1931
I 3%s Series No. 3
'
'
A
65%
A-O
1
4
20
60
—
J-D
5%
65%
Plan A
1978
}
20
60
64
105
103
18%
18%
J-D
1957
(Hukuang Ry) 5s
AAssented
6
;
59
—
A-O
1952
Ry)
Stamped pursuant to
-
1979
67%
__
Stamped pursuant to Plan A
-
100
*102% 108
1955
to 3.5%)
98
99%
M-N
f 6Vis of 1926
90
-90'/8
f 7s
s
54
101
67
f 6s
(Int reduced
98
95
36
M-S
1941
101
IOOV2 102%
19%
18%
18%
M-N
1957
Cons Munlc 7s
of
7s
97%
1950
external 8s
91
106 Vi
106
„_1949
33%
106
3-J
s
'
4
36
1957
1928
external 0Vis
AExternal
•:
33%
30
86%
35
91
100
s
>
30
19%
M-N
1961
6%s
18%
A-O
1963
assented
5 A 2d
19%
18%
M-S
1963
•
A6s assented
33
38
17%
20
M-S
1962
19%
18%
A-O
assented
47
18%
18%
J-J
6s
f 6s
s
«17
F-A
Feb
fund
assented
102%
36
—
A-O
i960
sinking
Chinese
M-N
I960
7s
*40
M-N
194a
f
s
AGuaranteed sink fund 6s
37%
30
—
M-N
External
•
34
2
—
17
External
I ABrazil (U 8 of)
35%
101% 102%
1972
1927
External g 4Vis of
Belgium
37%
1971
loan 4s Feb
of
38
34
M-N
conv loan 4s Apr
1972
(Commonw'lth) 5s of '25-1955
External
35
35
35
35%
80
2
35
A-O
67%
8
,
1948
loan 4Vis
conv
35%
35%
37
1957
AAntwerp (City) external 5s
1958
Argentine (National Government)—
S f external 4Vis
35%
*35
66
62%
■■■
106%
1958
4Vis
79
;
106%
102 %
15
lADenmark
*
102%
9
jan
.External loan 4Vis
61
_
;.T-5 'A
—'
"7
105%
3s
25-year gold 4 Vis
*63
6s
fund
105%
105
104
ACosta
(Colombia)-—
sink fund
sink
105
*_v vi/ 105 %
(Rep of) 8s
ASinking fund 8s series B
AGtd
A
108%
J-J
ACzechoslovakia
AGtd
64
106%
*108% 108%
111
1953
Cuba
Municipal
93
109%
15
A Public
Govt.
83
63
34
jan
Sinking fund 5Vis
Foreign
35
75
102
AColornbla Mtge Bank 6Vis
1-1693
93
*102% 1021/4
3s
NY
91%
IIOV2 110"%
J-3
A 68
Broadway, New York
90
M-N
ASinking fund 7s of 1926
ASinking fund 7s of 1927_„_
Copenhagen (City) 5s
120
90
80%
1968
A 6s
2-2300
90
80%
90
1948
Colombia
REctor
80%
16
12
*66%
92
110%
J-J
3s
Mortgage Bank 6%S:
A6Vis assented
A
Teletype
A-O
46
90
90
✓
15
A 7s
York Stock Exchange
101
88%
89
J-J
A6s assented
Membera New
101%
103%
89%
J-J
1961
AGuaranteed sink fund 6s
Wertheim & Co.
M-N
3s—iar7
A Chilean
Telephone
A-O
I960
A Chile
122
Foreign Securities
95%
101
4
Jan
Issue—
31
90
1975
of) 30-yr 4s
3Vis
ASinking fund
121 Vi
59%
97%
5
17
101
103% 103%
89
..1984
(Dora
A6%s assented
121
MS
F-A
1970
s
A6s assented
City
J-D
60
59%
53
—
*90»/«
1977
AExternal sinking fund 6s
A 6s assented
100.8
1980
51%
52i/4
—
101
103%
1970
s
AExternal sinking fund 6s
102.22
10L23
2
61 Vi
(Province of)—
f 4i/2-4%s
external s f g bonds
A6s
1
10ll9
60
A
100% 101%
M-S
gold 6s
stamped
a 6s
100.17 102.16
35
1953
Corporate Stock
M-S
F-A
J-D
fund
AExtl sinking fund 6s
♦
102.16
13
*60
*60
59%
60
29
30__
ARy external
102.14
102.30
61%
51%
No.
A 6s
102ll0 IO2I3O
M-S
60
51%
7
No.
AExternal
101.29
J-D
60
51%
26
Series
A6s
1953
61
52
70
61%
Series
s
High
61 %
Series
AExtl
1953
Low
51%
61 Vi
^7s assented.
103.1
*102.28
Series
A Chile
10*4l24
101.29
January 1
59 Vi
61%
1950
103.28
104.17
103.9
1952
"HI
102.26
103.28
__
Range Since
,
7
1958
102.31
1951
100.27
Sold
No.
59%
A Carlsbad
102.31
1951
A
16
Bonds
3s
107.26
102.15
1950
107.19
103.30
1950
1952
Series
30-year
30-year
2%s
102.19
Loan Corp—
M
series
M-S
1945-1947
Treasury l%s
Home
•1959
.1947
2s
No.
25-year
108.30
Treasury
Series
3%
102.3
100.30
103.20
1954 •1956
Treasury
24
Canada
104.9
1948
1949
1949
1949
1950
1950
1951
1951
June 15 1952
Dec 15 1952'
—1953
June 15
23
No.
Externa]
101.20
101.12
*104.7
Dec
Jun
Sep
Dec
March
Sept
of
58%
f 4%-4%s
External read J 4%-4%s
102.7
100.28
*101.11
J-3
2s
2s
No.
Series
External
107.27
Treasury
Series
Refunding
J-D
*107.25
Mar 1948
22
Buenos Aires
101.15
J-D
J-D
Treasury 2s
No.
A 6s
102.13
1951 ■1953
1952 ■1953
Treasury 2s
*60
Series
Sinking fund gold 5s
"l
Low
*60
21
Brisbane
114.2
106.16
2 Vis
Treasury 2Vis
Treasury 2 Vis
Treasury
20
No.
3 %s
105.30
*103
No.
Series
3%s
103.16
*105.28
*106.14
101.11
transactions
—
Series
3%s
110.15
113.7
113.2
„
107.15
MS
MS
(Continued)
Sinking
107.15
M-S
bonds
3%s
106.11
112.21112.23
_
114.29
M-S
1966 •1971
—
2 Vis
$
Friday's
3%s
101.17
106
MS
only
for the yea*.
Bid & Asked
High
3%s
101.17
M-S
or
3%s
114.3
112.10
113.16
*113.25
„
110.15
*113.14
3-D
range
Week's Range
Last
Sale Price
3%s
111.9
106.6
M-S
J-D
Interest
3%s
103ll9
111.4
101.11
101.4
M-S
the
axe
3%s
103.20
103T9
11
114
M-S
Friday
Stock Exchange
(Continued)
External
109.24
103.25
__
*101.2
3-D
they
13
Period
High
109.9
__
M-S1
1967 ■1972
Treasury PVis
APRIL
New York
110.14
MS
unless
3%s
103.9
3-D
1963
1949 1953
1950 1952
1952 1954
1956 -1958
1962 1067
1963 1968
June 1964 1969
Dec. 1964 -1969
1965 -1970
2Vis
Treasury
A-
1948
Treasury 2 Vis
Treasury
103.6
Low
5
*103.4
__
109.9
1943
2Vis
2Vis
Treasury
ENDING
January 1
No.
109.9
__
..I960 1963
Treasury 2Vis
Treasury
1954
WEEK
Range Since
Sold
low
..1956 1959
1958
FOR
BONDS
Bonds
Friday's
High
1947 -1931
Treasury
or
Bid & Asked
Government
4%s
Treasury
Last
*
S.
U.
;
Sale Price
range,
No account is taken of such sales in computing the
Week's Range
Friday
BONDS
York Stock
disregarded In the week's
are
Indicate in each case the month when the *»©nd# matureRANGE
New
Monday, April 16, 1945
Teletype N. Y. 1-971
16
17
12%
14%
:
Number
161
Volume
.THE COMMERCIAL & FINANCIAL CHRONICLE
4377
RECORD
NEW YORK BOND
RANGE
Interest
Exchange
Last
Period
Stock
York
New
WEEK
APRIL
ENDING
Sale Prise
or
Bonds
Friday's
Range Since
Bid & Asked
Sold
January 1
Low
No.
Low
High,
High
Mexico—(Continued)—
6s 01
SATreasury
AAssented
Minas
Nov.
to
1933
assent
5, 1942,
agree
external
ASec
*22%
;.f:/
—
*18
external
AMontevlaeu
A 6s
*43%
Norway
f
s
External
fund
fund extl
sink
loan
98%
98%
98%
6
98 %
90
90
3
88
1994
_1967
1947
M-S
M-S
2008
1959
M-S
M-S
1960
1961
J-D
A-O
1940
A-O
*25
A-O
A-O
A-O
J-J
J-J
J-D
25
3 Vis
mod
ext
1970
1958
A_i9bj
1963
*91%
*92
APernambuco
7s
of)
(State
Stamped pursuant to Plan A
(Int reduced to 2.125%)
APeru tRep ox) external 7s
6s 1st ser
loan extl s f
ANat
A Nat
extl
Loan
f 6s 2d
s
ser
6s
of) .gold
(Rep
§ A Poland
1958
1947
1968
1950
1963
1961
assented
n4'/-jn
AStabillzation loan s f 7s
a 4
%
assented
s
sink fund gold 8s
AExternal
assented
a4 V2 s
Alegre (City of) 8s
A Porto
Stamped pursuant to Plan A
(Int reduced to 2.375%)
97
97
2
95
98
(Int
105%
105%
38%
(City of Greater)
(State) extl 6s
(C1tv of»
APrague
A Rio
40
104%
109 %
106% 107%
102
96%
109%
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
1948
J-J
44%
44%
1
44
1948
J-J
39%
40
3
39%
Atlantic Refining deb 3s
1953
M-S
103% 103%
1
103%
July 1948
a-o
103
103
103%
368
98%
103%
a-o
103%
103
103%
104%
40%
24%
23 %
21 Vi
21
21'/a
51
18%
23%
1st
14%
24
8tamped modified bonds—
1st mtge gold
(int at 4%
28 Va
*23%
45%
14%
24%
44 Vi
45%
3
45%
Ref
24
*104%
A-O
46j/2
2001
A-O
F-A
1953
41
2004
■;
49
497/e
40%
AVA
*37
743%
42
42
50%
J-J
50%
82%
80
82%
325
66%
821/4
70 %
69
71%
688
55
71 %
99%
97%
99
143
94%
94%
95%
143
86%
Toledo Cin Div ref 4s A
1959
J-J
100%
(int at 3%%
i
41%
39
J-J
J-J
Bell
A-O
1951
stamped
20
36%
41%
35
Consol
39%
45
Consol
36
36
1st
39%
44
1st gold
2%s
>;
40
9
45
"2
43
36
10
Indus
1950
96
45%
1
96
45%
42%
37%
42
—1959
—I960
G
mtge 3s series
mtge 3 Vis series H
1st 5s A C
45%
50'A
j,
50%
43%
43%
50%
50%
45%
1965
42
42
45
47
40%
43%
39
40
42Vi
37
42%
40%
40%
36
78
J-J
A-O
80
80%
66%
A Silesia
1958
1958
extl 7s
of)
(Prov
A4Vis assented
A
Uruguay (Republic) extl 8s
1948
AExternal sink fund 6s——1960
External
1978
extl conv
_
readjustment
July 1970
mtge 4%s ser A
lien & ref
external 7s
(City)
A4Vis assented
modified
Stamped
■
105
*82
83 '/a
87
'"I:
Consolidated
22
16%
'.*4
17
84
1940
F-A
3Vis
1972
mtge
*104%
103
103
M-N
1967
v.
M-S
1949
A-O
77%
78%
246
73%
34
37
288
31%'-38%
33
33
2
1952
a-o
j-j
95
•'.*5
86%
1960
a-o
3
97%
120%
117%
gold
4%s_
1955
gold
4Vis
1950
86
103%
Certificates
Carolina
22
Cart
13
18%
of
Adir 1st
&
.
'
F-A
__
j-j
*108 % 109
*80
104
103
j-d
77%
80
1945
f-a
93%
94%
54%
P
1st
gold 4s_.
j-j
83%
104
106%
5
103
1948
U
of Georgia Ry—
1st mtge 5s
110%
37
104%
103
1955
Branch
1962
115
113%
78
83%
104
Corp 3%s debs
Celotex Corp 3%s debs.
11
96%
105
Nov
8 A Consol gold 5s
i_1945
m-n
—
—
104%
104%
A Ref &
gen
5%s series B
1959
a-o
103%
ARef &
gen
5s series C
1959
a-o
15%
15%
15%
103
„
~1
103
103%
AChatt Div pur money gold 4s__1951
j-d
104%
3
103
104 Vi
AMobile
103
104%
4
73
4
86%
94%
56
70
53%
65%
15%
21
14%
109
Central
JACent
New
gold
1940
5s
Illinois
102%
1st
100
102
102
102%
1960
a-o
1961
1987
Light 3Vis
1st gtd 4s
JACentral of N J gen gold 5s
Eng
"j-j
j-j
__
102
A 5s
registered
AGeneral
.1987
—
.1987
—
4s
j-j
"7.
14%
16
67
}
j-j
Div
97 Vi
101 Vi
97%
100
99
-7
102
6
99
89%
94
99
102
103%
104%
108% 109
56
108
109%
108 % 109
7
108
6
registered...
N
Guaranteed
1st &
-
.—1987
1974
Power 3s
Y
Central Pacific
109%
103% 103%
108 %
A4s
Central
67%
*31
109%
1st ref
gold
80
109% 109%
Q-J
-
100%
M-S
110% 100%
4
17
71
94
105%
"104%
(4%%
1964
M-S
106%
106% 107%
1975
M-N
102%
102% 103
8
104%
to Aug 1
102%
38
47%
40"%
39%
41
391
36%
44
38 v4
37
38 %
99
34%
1995
A-O
Nov
M-N
1
4s
122
1955
•
J-D
-
1955
1909—;
-
J-D
111
111%
111
111%
1960
gold 5s
page
1680.
J-D
*110%
1946
1910
J-D
*—
~6
107%
109
129
96%
5
108 7/a
85%
110
85%
1003!! 101 Va
9
—
85
104%
110
87
1QP% 103%
144
144
140%
144
105 %
105% 105%
105
106%
104
107%
100%
105%
Potts Creek Br 1st 4s
1940
j-j
103
103
105%
1989
j-j
128%
128%
Ref &
107%
&
A
Div
2d consol
1st cons gold 4s
1989
1949
gold 4s
103%
f-a
105%
—
—
144
*103
*128%
*125
j-j
a-o
105
42%
37%
128
42%
Chicago Burlington & Quincy RR—
—
129%
132
1st
Chicago
112%
112% 114
1977
F-A
115%
115
—1974
f-a
105 7/s
105% 106
1st & ref 4%s series B
121%
j-j
.—1958
&
ref mtge 3%s
& Eastern 111 RR—
mtge inc (conv)
117
122%
1
110%
111
2
110%
111%
Chicago & Erie
110
110%
Chicago Gt West 1st 4s series A
A Gen inc mtge 4%s
:
—
84
m-s
5%s A
111
108
108%
m-n
Prod
111%
121% 122
'
1905
33
*120
106%
102% 104%
m-n
38
103%
f-a
110
41%
40
105% 106
1974
115%
131% 132
132
35%
105%
108 %
General 4s
1995
1995
4s
*32
r*
38
100
1992
1996
1996
Topeka & Santa Fe—
4s
109%
96
224
103
1949)
106%
8
42
F-A
tACLicago & Alton RR ref 3s
59
2
99 Vi
40%
impt mtge 3 Vis D
Ref & impt M 3%s series E
87%
debs
due
35
m-s
R
3Vis series E
?9%
1948
(Del)—
"
72%
98%
F-A
Chesapeake & Ohio Ry—
General gold 4%s
87
17%
63%
42
1960
115%
87
Jan
13%
16
98%
gtd gold 4s_1949
5s
19%
156
ref series A
103%
/
—
A-O
;
33
108
110%
see
107%
108%
*115
m-s
.—1981
gtd gold 4s
107%
111%
j-j
1965
& Ohio 4s
100%
footnotes
•'
deposit
Celanese
Clinch
m-S
iy49
t#ACarolina Central 1st gtd 4s
72
6
For
115
105%
1960
164
1st
120%
112%
103%
4Vis
103% 103%
111
111%
& Nor
121%
115%
1
9
trust
111%
gold 4s of
116%
9
103% 103%
Pac Ry 4%
Collateral
103%
.1969
—
Conv
3
119% 119%
Can
M-N
Atl Knox
121% 121%
96%
A-O
of
118
106%
87
:
/"A,"
Wks & Elec 6s series A—1975
gold 4s of
117%
116%
7
SACentral RR & Banking 5s stmp.1942
4s
116%
6
60
Certain-teed
Stamped
6
106% 106%
103% 103%
124%
Conv
121
117% 117%
106%
104%
Conv
117%
116%
6
103%
116
gold
107%
112
12
114%
101%
Adjustment
103%
16
j-d
4%s
Ry deb 6%s
1946
deb stk perpetual
60
General
108%
F-A
gold
173
Atchison
!"
106%
114% 114%
121% 122%
income
''t."
117% 117%
F-A
103% 103 %
cum
__
A-O
1951
95
103%
120% 121
■
J-J
Guaranteed
'
103
115% 116%
106% 107
a-o
j-j
Oct
3
108% 108%
j-j
103%
(Subordinated)
103%
v
1957
4%s
35%
.
m-n
122 %
Anglo-Chilean Nitrate deb
1967
Ann Arbor 1st gold 4s
1995
Ark & Memphis Ry Edge & Term 5s 1964
4Vis
103
1974
1962
.
gtd 5s A
cons
109
mtge
94%
a-o
M-S
A
1st
31
101%
*103
1968
3%s
A-O
Co
85%
77%
36%
J-D
&
111%
M-N
1962
Armour
1071/4
109%
a-o
1956
3s
;
108%
105%
J-D
;1966
Wat
110 83,
107%
1
deb
Co
101ft
109 A
111% 111%
debentures
debentures...-—..-^
Tobacco
100
106 % 106%
J-D
107
102
M-N
Telephone & Telegraph Co.—
_»„1961
debentures
3s
Am
2030
5s
5 Vis
conv
Amer
A-O
debentures
3Vis
3s
1998
Foreign Pow deb
conv
•
8
f-a
•,
Alleghany & West 1st gtd 4s
Chem
75
11
m-s
1970
100
*100%
G
~1
100
A 109%
107 % 108
3
1969
107
A-O
I
100
109 i9o
m-n
Guaranteed gold 5s
108
A-O
3%s
Soucnern
107
Albany & Susquehanna RR 3Vis—1946
American
IO6V4
109
m-n
deposit
Power
*106
A-O
Amer
Elec
*100% 101
J-J
Albany Perfor Wrap Pap 6s
J 948
6s with warrants assented_„„__1948
&
1061/4
801/4
1955
of
5s
National gold
Guaranteed gold 5s
A
10-year deb 4%s stamped
Alabama Great Southern 3 Vis
Am
108%
.V.i-'"
78%
*140
103% 103%
1907
'
1071/2
!*■ c
18%
76
•17
J-D
*
5
1934
Bush Terminal 1st 4s
70
25
87
*71%
88
72
24
85
75%
74%
84%
1947
•
63%
*106%
m-s
at
1957
(interest
§ A 1st & coll 5s
Guaranteed
1948
coll tr gold 4s
1st
F-A
9
108% 108 %
m-n
65%
1967
series C
3% to May 1, 1947) due
JBurlington Cedar Rap & Nor—
—
'101% 102%
Power
64 %
Canadian Northern
*100
J-D
J-D
M-S
Aiabama
65%
70%
A Cent
1953
1953
series A plain
Coll trust 4s of
f-a
234
ICeDtral
AStamped
Adams Express
78
Guaranteed
26%
JAbitibi Power & Paper—
§A5s
76
1981
Calif Oregon Power 3%s
Industrial (/ompaniet
and
Railroad
77
Buffalo Rochester & Pgh Ry—
Canadian
105
103%
M-N
F-A
J-J
F-A
F-A
m-n
1969
4s s f debentures————
Niag Elec 3%s
52
102%
102
1947
A
3%s
Canada
103%
1031/4
107 %
*106
102
1969
6s series
mtge s f
32
100
106%
98
j-j
27%
17%
—
*100
J-D
:
1978
1984
1958
1958
3 Vis extl readjustment
AWarsaw
103
38
106%
104
1960
27%
*100
M-N
1979
conversion
37/8-4V8-4A
4-4V4-4Vis extl
*23%
M-N
M-N
1964
1937)—
1979
AExternal sink fund 6s—
3%s-4-4%% ($ bonds of
External readjustment
*31
106%
105%
4s series RR
mtge
12
25
104
a-o
12
25%
24
107%
1961
22
24
24
105%
4%s series JJ
California
F-A
F-A
—1955
(City) s f 5 Vis
8ydney
M-N
M-N
J-D
J-D
104
105%
5
76
64
107%
5
2
108
10
Bush Term Bldgs 5s gtd
73
106%
104% 104%
*107
104%
106 % 106 %
80%
73
A-O
101%
106% 106 %
v
Stamped pursuant to Plan A
(Int reduced to 3.5% )_
1978
Serbs Croats & Slovenes (Kingdom)—
A 8s secured external
1962
A 7s series B sec extl
1962
101%
101%
106 % 106%
j-j
F-A
f-a
40%
401/2
100%
„
m-s
A Certificates
*38
1311/4
„
t
m-n
Buffalo Gen Elec 4%s B
50%
42
97%
102%
129%
U
1955
1st 4s
1955
Bklyn Edison cons M 3 Vis
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5s_1945
37%
*102
97%
86%
102%
1967
series II
M 5s
1st
15
*101%
71.
86%
20
__
130% 130%
a-o
tABoston & N Y Air L
42
37%
37%
97
101
Steel
Corporation—
C'onsol mtge 3 Vis series F_.
AInc
97%
97%
*102%
j-d
1956
2Vis
Loan
debentures
Bethlehem
36%
90%
97
97
97%
A-O
Telephone of Pa 5s series C—1960
100% 101
97%
1951
1951
ref 4s
4s
49%
45
41 Vi
91
70
Bangor & Aroostook RR—
J-J
M-S
1940
m-s
f-a
95%
Buffalo
*441/2
82%
97%
1947)
41
J-J
J-J
J-J
66%
M-N
45%
*42
J-J
236
79%
J-J
Gen
*—
90
82%
82%
1950
1
37
41
—
M-N
Stamped pursuant to Plan A
(Int reduced to 2%)
—2012
7s
45%
m-s
83
1998
gold 4s extended to
Jan
6
39%
M-N
75%
to
S'west Div 1st M
1st
96
198
87%
Feb 11960
Boston & Maine
43
90
88%
1951
46%
35
49%
40
M-S
extl water loan————1956
2000
F (int at 1%
due
due
Beneficial
*_-■
7
j-d
83
to
35%
3
41
—
1999
1993
(int at 1%
due
ser
99%
66%
80
83
due
Ref
104%
42%
Con
J-D
Stamped pursuant to Plan A
(Int reduced to 2.25% )
.2004
A 6s extl dollar loan
—1968
f
~6
38
/•
——_—
s
gen
j-d
due
1946)
Beech Creek Extension 1st 3%s
J-D
sink fund 48—1964
Stamped pursuant to Plan A
(Int reduced to 2.5% )
8 A Secured
101%
—
46%
41
J-D
M-N
1960
1993
(int at 1%%
C
ser
155
440
to
Pgh L E & W Va System—
—
*36
___
2012
..July 1948
(int at 1%
due
41
A-O
(City) 8s
1952
Stamped pursuant to Plan A
(Int reduced to 2.375% )—2001
A6Vas extl secured s f———1957
Stamped pursuant to Plan A
(Int. reduced to 2%)—2012
IA San Paulo (State) 8s
1938
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1999
A8s external
1950
A7s
gen
Ref &
46%
to
F-A
Paulo
§ASan
due
1946)
Dec 1
to
A Conv
A
Stamped pursuant to Plari A
(Int reduced to 2.25%)
Fe external
*56%
F-A
(Int reduced to 2.25%)
2004
A7* municipal loan.—1967
Santa
&
Ref
38
Plan A
pursuant to
Stamped
*__
J-J
M-N
Stamped pursuant to Plan A
(Int reduced to 2.5% )——1999
A6s external sink fund gold
1968
Stamped pursuant to Plan
(Int reduced to 2%)
A7s external loan of 1926
1946)
1
to
Ref & gen ser D
46 Vi
46%
RR—
& gen ser A
Dec
-
Ohio
gold 4s
1
Oct
36
_2
&
mtge
32
24%
50
105
B
Baltimore
24"%
29
107%
107 % 108%
18%
29
High
105
5
105% 105%
106%
19%
16
January 1
Low
107%
38%
25%
Range Since
Sold
No.
J-D
8
32
Bonds
M-S
44 Vi
24 Vi
High
1964
A
121
—
Friday's
Bid & Asked
Ry—
July 1952
4s
cons
4%s
21%
*23%
or
M-N
22%
*31 Va
Week's Range
Last
Sale Price
1963
21 Va
451/4
Stamped pursuant to Plan A
(Int reduced to 2% )
.—2012
Rio Grande do Sul (State of)—
A8s extl loan of 1921..
1940
Line
21%
1947
Stamped pursuant to Plan A
(Int reduced to 2.375%)
AExternal sec 6%s
Air
21 Vi
1940
8s
Janeiro
de
1st
unified
Sep 1 1946)
2006
7Vis—1952
Queensland
1 y,
4
Friday
Interest
Exchange
mortgage 3%s
General
A
'
v
44%
Charlotte
&
Sep 1 1946)
Stamped
'
43
1960
pursuant to Plan
reduced to 2.25%)
1st
97
2001/
loan 7Vis
AExternal
Atlanta
Atlantic Coast
95
—
Stock
Low
91
2
'
Bell Teletype—NY 1-310
Period
— -
*•*.
York
New
" 90
97
*105%
Exchange
99
97
'
Ext sec ref
Stock
New York 6
100%
88Vi
93
York
BONDS
101
27
*23 Vi
5s ser
extl s I
AStamped assented 5s
Stamp
103 %
2
6
New
Broadway
102%
97
100%
to
(Rep)
APsnama
97%
4
100% 100%
A-O
F-A
61
120
Telephone—DIgby 4-4933
6
3%s series B
sink fund 4%s
tCity)
118
—
—■
J-D
A-O
M-N
M-N
J-D
Municipal Bank extl s f 5s
Oslo
~1
7:^
" 120
101% 102%
101% 103 v*
103 Vi
M-S
1965
1963
4V4S
PFLUGFELDER, BAMPTON & RUST
42%
37 7
100% 100%
F-A
A-O
5s
sink
';/>
*105
M-N
,,
f 5s
s
External
37
38%
37
—
'
(State)—
42%
Memberi
UO
J-D
'
•
.———1957
;
1958
(Kingdom of) 4%s_
1956
External
4s
A
Wales
45
*37
1952
__1959
7s
38%
37
—
42%
—
M-S
195a
i, b%s__.
s
(City)
series
South
—■
t>
Stamped pursuant to Plan A
(Int reduced to 2.125%)—2003
New
'
Railroad Reorganization Securities
'
—
•43 %
M-S
1958
f 6%s—
s
Stamped pursuant to Plan A
(Int reduced to 2.125%)—2008
>
7Vv!i_
J-J
(State) —
Geraes
ASec
iyl3
13
Week's Range
Friday
BONDS
;
FOR
16 77
A Gen
1st gold 5s
67%
1997
1982
1988
j-j
j-j
98
2038
j-j
70%
66%
*138
m-n
98
70
115%
68%
2,570
29
111%
44%
114
76
112%
115%
12
104%
106%
221
60
132
140
98"%
71%
32
25
90%
37
65%
75
134%
100
75%
.1678
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 16, 1945»
NEW YORK BOND RECORD
RANGE
BONDS
New Ywrk
Friday
Week's Range
or Friday's
Interest
Exchange
Last
Period
Stock
Sale Price
IChicago
Ind
&
Louisville
AReiunding 6s ser
,
ft
A 1st
ft gen
87
87
3
84
80%
83
13
79
1947
J-J
74%
78
13
72
80
M-N
16
16 %
11
15%
J-J
17Vi
17 Vi
1
16%
106% 107 Vi
9
110% 113%
240
AGen
11989
1 J989
1 1989
11989
gold 3%s series B__May
4%s series C
May
AGen 4%s series E—,„__May
AGen 43/<s series P
May
tChic MJlw St Paul ft Pac RR—
AMtge gold 5s series A
J-J
J-J
112%
J-J
107% 111
J-J
114
116%
117%
113% 116%
1183/a
116
119
,
F- A
A-0
90
Ohio
21
21%
__1989
J-J
104%
income 4Vis
1999
Valley Div 4s
1969
Sioux City & Pacific Div 4s
1969
Jj&Chicago Railways 1st 5s stpd
25% part paid__
±
1927
tChicago Rock Island & Pacific Ry—
J-J
88%
2nd
mtge
Des
conv
Piaines
A General
-
——1988
4s
Firestone Tire ft Rub 3s deb
Fllotkote Co 3s debs
1961
1958
X A Florida Cent & Peninsular
5s
1943
116%
119
Certificates of deposit
JFlorida East Coast 1st
1959
deposit
gold 4s_._,
I ARefunding
J-J
*10234
M-S
F-A
82
82
85
88%
; 32
J-J
88%
94
103 7/a
68%
82%
261
54
55%
55%
78%
General. Realty
A4s
Gen
JASecured 4l/2S series A_
1952
M-S
AConv
I960
1951
1951
J-D
1951
J-D
5s—1960
J-D
gold 4%8
Gold
3%s
Memphis Div 1st gold 4s
61 Va
M-N
59
61%
502
15
15 S/8
105% 105%
15%
Ww.-'
'
J,"
'
56%
52%
62%
13%
18%
105%
183
102
i
■
.
'
'
■
■***+
•'
*96
96%
95
96%
96%
97
99%
99%
95
91
1
99%
'
Income
A
Dec 1 1960
guaranteed 5s_;
M-S
93%
1st
Union
2%s
mtge
1963
.1963
G
ser
Chic ft West Indiana
1st ft ref 4 Vis
1§AChllds Co
90
92
J-J
A-0
5s
Cincinnati Gas
1957
Elec
Si
A-0
Union
mtge gtd
1952
3 Vis
mtge 3 Vis—
•
■
83
92
A
/;•
F-A
1967
3%s series E
*; '/
..V
'103%
1974
F-A
1993
J-D
General 5s series B
1993
J-D
,
Ref & impt 4Vis series E
1977
J-J
,
L__
1073/8
109
106%
108%
1st
ser
mtge 3%s
&
Gulf
*1123/8
111%
103% 103%
27
/;
ft
1st
112%
102
„
112
112
.
'
112
*121%
104
107
2
S/jVT
_
Wab ft M Div
L Div
St
coll tr
1st
Cleveland Elec Ilium
1991
Corp
ref
3s
Terra
1990
4s
gold 4s
3s
119%
137
121%
123%
J-J
111% 111%
17
110%
111%
■
122%
105
106
5s
1980
J-J
111%
Feb
1959
J-J
1969
A-O
1952
M-N
Series
Series
Cleve
ft
m. mm
*103
3 Vis
D
gtd
Short Line
Cleve Union
1948
1999
97
' 98%
103% 103%
1937
—
M-N
.104%
104
1954
M-N
1962
J-D
1949
*109%
/.
1950
1st
Term
5 Vis
gtd
Coal River Ry
*107%
111
A-O
.111
108
'A
1973
A-0
107
1977
A-0
106%
1945
J-D
1st gtd 4s
(stamped
104%
107 >/4
54
102%
107
M-N
104 Vi
104% 105
J-J
105
104% 105
1961
Vi
79
*110%
M-S
F-A
1938
J-J
ST"*
Commonwealth Edison Co—
debs
mtge
3 Vis
3s
L—
series
Conn Ry ft L 1st & ref
-1977
4 Vis
80
*107%
1970 '
extl 4s
1st
73%
A-0
1953
.121
23
*114%
F-A
108
*111%
8
—
Consolidated Edison of New York—
3 Vis
debentures
1948
A-O
102 34
3Vis
debentures-
1950
A-O
'104%
3Vis
debentures
1958
J-J
105%
Consolidated Oil
jAConsol Ry
deb 3Vis_—1951
conv
deb 4a
J-D
1954
,1043/4
59%
J-J
.
4a
ADebenture
4s
1950
J-J
1st
mtge 3Vis
1965
1st
mtge 3Vis
1970
mtge 3%s
mtge 3 Vis
1968
M-N
1969
M-N
1st
1st
/
M-N
Crane
Co 2Vis
f debs
s
1950
debs
*142%
A
Deposit
A7Vis
A
series
A
106 %
104 % 104 3/4
34
103
60
"
15
57
6
58%
65
104%
108%
107%
108%
109
102
102%
57%
83
6
48%
5
83
48%
71
*48
50
48
102% 103
101
71%
r*yton Union Ry 3%s
Delaware ft Hudson
are,
.
Lack
K Y» Lack
1st
Income
Unaware
M
5s
mtge
Power
tDenver ft Rio
B_—1965
RR
1963
gold
4Vis
AGeneral
A
.
s
Western
J-J
Edison
4s
series
64%
F-A
1978
9%
A-O
50 »/2
57.
A-0
&
ref
mtge 3 Vis series G
1960
ft
ref
2s
1970
Detroit & Mackinac 1st lien
gold 4s 1995
ASecond gold 4s
J-D
—1995
Tunnel
4Vis
19bl
Dow Chemical deb
2%s
Dul Miss & Iron
1950
Range Ry 3Vis
tSADul Sou Shore ft Atl
gold 5s
Duquesne Light 1st M 3 Vis
East Tenn Va Si
Ga Div
Ed El 111
(NY)
1st
1st
a*
d 5
gee Auto-Lite 2%s
g^ln Joliet & East
El Paso
For
footnotes
1962
3%s_III
page
62%
63%
63%
64%
9%
56
10%
10
57%
1680.
107
108
109
109%
108%
54
105%
293
33
100
57%
106
Div
i960
93%
92%
J-D
93
103%
M-N
-1995
J-D
89%
96
120
88%
98%
71
84%
40
84
71
94%
94
94
•
■
'103% 104%
84
85%
107%
54
55
74
87
100
105
100% 100%
99
100%
*101% 102
90%
883/4
95%
102 %
90%
F-A
88
1951
J-J
1951
J-J
Western Lines 1st gold 4s__
F-A
104
18
83%
90 %
90
13
82%
90
13
89
96
"2
99%
104
97
101%
•96
1951
307
95 %
94
ref 4%s series C
ref
mtge 4s
ft Iowa
ser
1st
1963
J-D
91 %
90%
220
76%
22
73 %
J-D
85%
84%
86 3/4
J-D
80%
79
81
J-J
•105%
1956
gtd 4s
J-J
76%
B_1986
M-S
A-O
ser
/
—
1st
Adjustment 6s series A—-July 1952
6s
5s
series
L
A
series
•111
'106%
105%
77 %
61
35
5%
1956
—
gold 5s series C
—1956
J-J
5%
10%
48
54%
63 Va
5
106 %
108%
22
107%
J-J
82
10
106%
79
107%
J-J
A-O
J-J
1955
"
73%
164
62%
75%
30%
31%'
129
28%
34%
66
69
32
58%
69%
72
31%
; 69
1947
ft
*67
70
58%
•
793/4
79
80%
104
104%
743/4
77
104 %
10
M-S
M-N
J-J
101%
101
1955
F-A
103%
103% 104
1951
M-S
102
111%
102
44
101%
*5
'
■
105
107%
11
109% 110
1972
1952
T*~- :V,
102 %
95%
/
102 V8
99
107
5%
69
88
104
104%
5
63/4
'
1959
J-D
1961
4s-
Laughlin Steel 3%s
J-J
943/4
39
106
7
48
56
28
30%
109
110%
1133/4
102%
103%
12
52
107% 108%
—'
__
39
74
106%
45
*103% 103%
95%
65
88%
95%
104 Va
94%
104
104
11
103%
104 %
103
103%
K
Kansas
.
ft Mich
1st gtd
gold 4s__1990
A-O
104%
Ref
1936
;
of
deposit
ft
impt
5s
Apr 1950
—_1987
87%
89 %
87
88
2
A-O
99%
98 % 100
156
93
100
104 %
100% 105
184
92%
105
4%s
J-J
J-J
unguaranteed
J-J
J-J
J-J
*105%
J-J
*
1961
,
Kings County El L & P 6s
Kings Co Lighting 1st 5s
1st ft ref 6 %s—'—
1997
J-J
1954
J-J
Koppers Co 1st mtge 3s___
Kresge Foundation 3% notes_^_
1964
A-O
1950
109%
58%
JAKreuger ft Toll 5s ctfs_
1959
119%
151
156
M-S
1997
J-D
1997
J-D
%
118%
75%
104
—
104
102
—
103
102
173%
*182
175
1073/4
*109%
__
104% 105 %
6'%
33
110
102 5's
107% 107%
109
108 5/8
105%
102
107%
103%
4%
,
8
108%
116%
105
68
88%
101
—
M-S
.
105%
*104%
80%
118%
75 %
75
75
A-0
1954
69
*104% 105
1961
1961
—'
90
89
1961
Stamped
Plain
1950
81%
A-0
;
1st 3s
Kentucky Central gold 4sr_,
Kentucky ft Ind Term 4V2S_
,
—
City Fort Scott & Mem Ry—
5ARefunding gtd 4s
Kansas City Southern Ry
109%
'
—
89
106%
—
106% 107
73%
A-0
1944
Hydro. El deb 6s
Paper 5s series A ft B
ACertificates
12
15
*118%
75
U
93%
'
1952
B
James Frankl ft Clear 1st
68%
69%
6
*154%
81%
290
1950
gold 4s
2
93%
1963
mtge 3s series F_1961
1st
104
1963
D_„_
1st
%
101% 101%
A
Kanawha
59%
173
33
51
94
943/4
104%
*104% 104%
85%
J-J
Lake Sh
52
.
J-J
—1950
68
98%
'■
'100%
J-J
60%
107% 107%
J-J
75
95%
97%
93%
F-A
109
103 % 103%
A-O
J-J
-1970
J-J
1950
103 %
75
77
94
98%
M-N
gold 3%s_1953
gold 3s
1951
1st
<!
M-N
——"1951
103
103% 103%
*103
100%
112% 113%
M-S
1937
108% 109
*30
v
M-N
1968
102%
103%
M-S
1965
106%
106% 106%
A-O
105 Vi
107
111
111
-1965
A-O
111%
106%
111%
110
110
—1962
J-J
106%
110
101
101
100
103%
—
see
■
J-D
-1950
-
debs—_
Ry 3%s
& S W 1st
5s
5s stamped
Empire Gas ft Fuel
12
109
J-D
Detroit Term &
194
107
M-S
Gen
H_
M-S
105%
104
108%
98
,
1963
Gen
series
12
60%
10
F-A
F
A-O
102%
103
3
*103% —
-
1955
.
:
ARef ft impt 5s series B
Cos Piaines Valley Ry—> "/
V See Chic & N'western Ry.
Detroit
62%
100%
59
RR—
f 5s
Assented
J-J
1955
Ref sink fund 6s series A—
Int Rys Cent Amer 1st 5s B
Int Telep ft Teleg deb gold 4%s
71%
107
38
100
59
'
J-J
—1936
104 % 105%
•'■r
107'/a
105% 105%
108% 108%
A-O
1936
t.' lenver & Rio Grande
100
M-N
1973
3s__
RR—
f A.tst consol 4s
5AConsoi
*104
105%
M-N
1993
Light
••
J-J
Jones
1973
J-J
5 AInternat
103
div
due
&
Grande
*107% 108%
M-N
Co—
C
ser
40%
;
J-D
series
30%
J-J
1952
tAIowa Cent Ry 1st & ref 4s
J-J
extended
West
Western
&
ft. ref
4s
&
145
Internat
D
——1970
36
—1953
Debentures 5s
P & L 1st mtge 3s
34%
1951
A 1st
51%
*67
36
fftftf
A
52
~A-0
__
1953
3%s
Litchfiefd Div 1st gold 3s
Louisville Div ft Term
A 1st
71
50
75%
A-O
^International Great Northern RR—
1■
85Vi
48
*67
J-D
1940
receipts
Publishing Co 3s deb
lines
Refunding 5s
40-year 43/4s
Cairo Bridge gold 4s
Inland Steel
50%
48%
104
64%
1951
4s_.ii
tAInd ft Louisville
60
48%
83
J-D
100
157
A-O
Ind 111
103%
~6
53
*48
extended to
115%
115%
M-N
1st
103
49
59%
81%
115%
813%
96
75%
—1955
1st ft
110%
49
103
72%
77%
-
71%
1951
111 Cent and Chic St L & N O—
Joint 1st ref 5s series A
106
107%
,
237
81%
Ci Registered
65%
4
103
J-J
1940
57
:
16
"i
102%
Springfield Div 1st gold 3%s
65%
59%
110
1423/s
65
41
75%
1951
St. Louis Div ft Term
gold 3s»
Gold 3%s
1051%
58%
*57%
receipts
Deposit
Curtis
J-D
49
extended to
A
Deposit
105V4
*103
receipts
AOs series B
3
tm-m
139%
__
99% 100
102 7/e 103
'
103
F-A
—1952
Omaha
104%
110
J-D
-1952
103%
-•
Indianapolis Union Ry 3%s
1942
ACuba RR 1st 5s gold
"
*
102% 103%
*107% 108%
A-0
1955
lACuba Northern Ry 1st 5%3
A Deposit
receipts
107%
14
" f
•
.
Collateral trust gold '40
A
112%
107% 108%
,1
Manhattan 1st 5s A
1957
Income 5s
Feb 1957
Purchased
108%
*1053/4 105%
M-N
4 —
Crucible Steel 3 Vis s f
105%
112%
56
60
gold 5s
Refunding
121
103% 104%
105% 105%
■
A
,
114
U
102 34 103
*57%
—
Co—
Power
116
59
J-J
1955
non-cony
ADebenture
series
1st gold 3%s
1st gold 3s
sterling
Collateral trust gold 4s„—
110%
106%
—
*106%
1st
5s
% Extended
108%
114
108% 108%
J-J
F-A
f
s
1st gold'4a—.--j
106 %
116
debs
1st gold 3%s
105%
—
Gas
gold 5s
Illinois Bell Telep 2%s eerie* A_—1981
Illinois Central RR—
,t
82%
103
103%
•109%
118% 121
1961
74%
14
—
98%
98%
108% 109
108%
31
v
^
1951
Conn River Power s f 33/4s A
Consumers
105%
—
1952
deb 5s
extl gold 4s__1948
1st
Columbus 81 Tol
1st
44
M-N
Columbus ft Sou Ohio El 3%s
Conv
108% 108%
106% 107%
8
4%s
cons
ft
A Ad J
6
106% 107
*100
98%
104
111%
—
111%
1980
Debenture 5s—
Columbus & H V
.»
107
109%
Co
Hudson
4
modified)
Columbia Gas ft Elec
Oil
Hudson Coal 1st
Southern Ry.—
Colorado &
4Vis
A-O
1972
gtd
1 4Vis series C
s
F-A
1961
gtd 4Vis
1st s f 5s series B
1st
109 Va
107
91
98
—
M-N
Houston
104%
108
105%
18
J-J
t§AHousatonic Ry
*107
1043/8
101%
8
*98
Hocking Valley Ry 1st 4%s
M-N
18%
103%
105% 105%
103 %
84
13%
1033/4
98%
94
Hudson
gtd
111%
74
•
35
.
105%
90
Pittsburgh RR—
3Vis
C
14
H
■
108
107
109
106
5
—.Ji
__
13%
J-J
I960
stpd
106 Va
103%
106
23
lll'/4 1113/8
*74%
J-J
2015
5
122%
•
13%
A-0
1975
105;
25
.
108% 108%
Feb
Gulf States Util 3%* series D
I
105 »/4
106
80
6
—
128 V8
25
108 3/4 109
*
122% 122%
98
106%
—
10
87
—
91%
103%
20
85
J-J
3
19
:
__
41
83
101%
98%
136% 137
224
■,
Cleveland
97%
103% 105%
*101%
—
47
47
89 Va
~6
98%
128% 128%
93
8
105%
40
J-J
91%
104%
73
104%
1
973/4
'
■
J-J
86%
M-N
—
68
39%
J-D
112
■*
45
J-J
debs
M
7
45
J-J
33/4s series D—
ref
56
104% 105%
104%
Ship Island RR—
ft
—
—
69%
sJ-J
M_
ser
■
92%
J-J
1970
1st
104
68
'
Cin
103%
68%
<
gold 4s
68
104%
—1970
K_
3%s
Gulf Mobile & Ohio 4s series B
Gen mtge inc 5s series A
'.87
:
69%
101%
J-J
19«7
3%s-ser
mtge
Greyhound
76
101%
55%
57
i960
mtge
Gen
953/4
.
101
-—
J-D
,
1977
Geri
■■>
-
1947
AGreen Bay ft West deb ctfs A
A Debentures
ctfs B
4
993/4
69%
973/4
1950
1952
973/4
4
69 Va
1970
110%
15
124
1973
106%
90%
104%
128 %
103% 103%
J-J
1934
90%
1073/8 107%
V'
•,
F-A
87
103
1173/4
120 Va
68%
J-J
108
26
12
„
101% 101%
J-J
105%
108% 108%
.'C-
'
95
85%
87
1949
t
5
22
95
104%
*67
683/4
J-D
15
106%
94
J-D
1969
105
95
105%
104
128% 128%
M-S
—Oct 11945
Castings 5%s
ft Ala-Ry 5s
Gen
107%
102%
106
'■!
'
M-N
1960
—
105%
13
-
v* '-
•
Terminal—
1st mtge 2%s ser G
Cleve Cm Chic & St Louis Ry—
General
i
19
10934 110%
110%
-
M-S
1943
JAChoctaw Ok ft Gulf cons 5s
1st
35
94%
.105% 106%
'
1st
83%
1043/4 104%
J-J
-—1962
series D_
105%
,
J-J
-1952
4s
com
deb 5s
§ADebenture
Cincinnati
102
Steel
1949
General 4%s series D„
General 4%s series E__
Gen mtge 33A« series I
Station—
mtge 3 Vis series P
1st
94%
92
Certificates of deposit
Chicago
91%
104
97%
__
*103%
M-N
1969
debs
General 5%s series B
General 5s series C
97
94%
11
104
J-D
1950
Goodrich (B F) 1st 4%s
Grays Point Term 1st gtd 5s—
Great Northern Ry Co-
'
J-D
1950
Certificates of deposit-$8AGa Caro & Nor 1st ext 6s
Certificates of deposit
-
Chicago St L ft New Orleans 5s
104%
& Utilities Corp—
inc
conv
lAGeorgia
88%
85
47%
1,730
102
*50
Gas ft Elec of
Berg Co cons 5s_„
*
A-0
88
3
.
102%
80%
1934
Chic T H & Southeastern 1st
A 1st
ft.ref 5s. series A
Certificates of deposit
Machinery Corp 3s debs
Francisco Sugar coll trust 6s
1033/4
—
106
>
118
105%
773/4
10234
5
High
105%
*125%
4%s
Pood
22%
O
M-N
A
9034
17%
—
24
97%
*106%
.
J-D
1974
69
•W.IW
—
J-J
96
629
__
95
Low
104% 104%
*
M-N
117%
96%
20
90%
*102 34
M-S
105% 105%
96 %
January 1
No.
21%
•
of
A Certificates
88%
J-J
1971
3 Vis
mtge
105%
-■
'
95%
1,823
104% 104%
1st
A-O
-
Range Since
Sold
High
107%
Chicago ft North Western Ry—
1st ft gen mtge 4s ser A
i964
111
1.478
21%
Div
J-J
J-J
113%
164
90%
88
1995
2015
mtge inc 4%s series A_^
1st cons mtge 3%s ser E
.
1973
series B
Bonds
Bid ft Asked
Co—
M 4s
92 3/4
93
116 '/a
cons
88
320
J-J
Last
Sale Price
Low
Gen
21
105
8
J-J
Jan 1 2000
5s
1st
86%
1960
Week's Range
or Friday's
Interest
Period
91%
J-J
78
Friday
Exchange
High
B—1&47
6s series B
adjustment
Low
New York Stock
Erie Railroad
May 1960
Chicago Ind ft £>ju 60-year 4s
1960
tChicago Milwaukee Si St Paul—
A Gen 4s series A
May 11989
ACouv
No.
High
J-J
AGen
13
January 1
1947
5s series A
gen
APRIL
Range Since
"Sold
Ry-—
A
ARefunding gold 5s series
ARefunding 4s series C—
A 1st
ENDING
BONDS
Bonds
Bid ft Asked
Low
WEEK
FOR
ft Mich
Sou
gold 3%s
3%s registered-,
,
Lautaro Nitrate Co Ltd—
A
1st
mtge income
109%
reg
1975
Dec
f
1954
J-J
1954
J-J
Lehigh & New Eng RR 4s A__
1965
A-O
♦1043/4
Lehigh & N Y 1st gtd gold
1945
M-S
9934
—
*104%
Lehigh Coal & Nav
s
4%s A
Cons sink fund 4%s series C—
4s
55
105%
54%
105
55
5
109%
102 34
109% 109%
*106%
105
__
99%
23
50
60
1043/4
1053/a
104%
105%
105%
104
104%
9934
100
Volume
Number
161
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
NEW
YORK
RANGE
Friday
BONDS
York
Stock
Interest
Exchange
Last
Sale Price
or
Low
ref sink fund
5s
•
stamped.___.__
1st &
ref srnk fund
5s
5s
1964
1974
5s
99
High
1954
gtd 5s
Lehigh
Valley N Y 4%s ext
Lehigh
7
98
93,.
90
F-A
3A
93
89
*88
87'A
81'A
83
,,
J-J
84
4s
2003
modified
stamped
57
74
registered-
55'A
57'A
53%;
53
53%
M-N
58%
57 'A
59'A
53%
55 3A
M-N
64 'A
63
65'A
2003
;
modified——2003
registered
—2003
modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
stamped
4 %s
5s stamped
& Eastern
Lex
1st 50-yr
5s gtd
1965
Miami
47
310
MS
1949
—1949
A
ms
Long Island unified 4s
ref
Guaranteed
4s
Louisiana
&
Louisville
Gas
Louisville
A—1969
5s series
1st
EJec
&
—1966
3'%s_
Nashville RR—
./r
&
ref
3%s
M
series
107
—2003
F
3%s
deb
3y2s
deb
4s
deb
4s
certificates
6s
deb
§ A Collateral
90
65
j-j
59%
59'A
60'/2
102
57'%
65%
M-N
60'A
59'A
141
57
1950
j-j
59
58
60'/2
59'A
72
56'%
65%
1948
j-j
66%
64%
66'/2
292
63'A
72%
6s___
1940
yl-O
86'A
87
59
84
93%
i.
1957
M-N
26
25%
26%
96
25
1967
j-d
63
62%
64'A
210
61
1955
;
1958
trust
4s^
3'%s
1927
1st
4s
1954
106 %
107%
119
119%
1031/2
105 Va
Putnam
1st
& Pow 3%s
105%
105%
fA General
107
i
107%
4%s
gold
A
103
gold
1st gold
Terminal
Y
..1963
5s
5s j
Telephone 3y4s series B_
*§AN
Y
West & Bost
1st
^
4Vis
107%
■'
~
107
102
102'/8
Niagara Falls Power 3Vis.^<
Nlag Lock & Ont Pow 1st 5s A
1980
M-S
*101'/8 104
100
100%
Norfolk
1945
M-S
*101 'A
101'A
101'A
1st
1952
J-J
1955
M-N
105'A 105'A
104%
107
114'%
*114'/8
114%
Southern
Norfolk
North
1st
coll 4s
mtge &
Manati
4'/is
RR
1960
1954
B
ser
4s sink
sugar
A_
ser
fund—Feb 11957
J-D
72'A
74
Eley RR & Lt s f 5s
1953
1959
82%
M-N
1955
—
Wat Sew & Drain
t§AMet
Side
West
El
4s„1938
*105'A
'*
92.;
104
—
99'/a
M-S
M-N
*106
J-J
104'A
104'A 105
16
98%
M-S
110'/a
110'/a 110%
20
107%
f§ AMidland of N J 1st ext 5s
1940
A-O
tSAMilw & Northern 1st ext 4%s__1939
J-D
116
116V2
1939
J-D
120
120
1949
M-S
§ Con sol ext 4'/as
80 %
ref
&
A Ref
&
ext
50-yr 5s
St Paul
Minn
A 1st
A Gen
Sault
&
series A
Ste
mtge 4s
inc
Mo Kansas & Texas
lien 5s
series
lien
Prior
ACum
4%s
J-J
J-J
*5
97'%
31
11%
14
A 1st
103
8
128
73
81
86%
89%
138
J-J
92
91%
92'A
99
J-J
84 »A
85
30
87
«V5
74%
64'%
84'A
J-J
85
85'A
A-O
!■:
81%
-81%
84%
,»
"*
90%
F-A
79
81'A
M-S
36
34%
36
80%
79%
81'A
661
79%
81%
201
1977
M-S
1978
■M-N
G
gold 5'%s
1949
-1980
1st & ref gold 5s series H—
1st
——1981
91
18
.16%
18'A
A-O
80%
79'A
81 '/a
73
80 %
79
81%
453
M-S
Monongahela Ry 3 Vis series B
1966
F-A
I960
84 ; ;
85
82
3%s
3-D
Montreal
Tramways 5s ext——1951
Morrell (John) & Co 3s debs
1958
&
1st
Essex
Constr
M 5s
2000
gtd 3V2s
14%
20
Mountain
106%
1968
1947
97%
*102%
•
70
J-D
2
Dairy
Nat
Distillers
Prod 3V4S
Prod
Steel
National
76
72
series A
1978
70"
('•
..
107
'
1
96
...fe-
98 3A
101%
102'%
62%
72'%
r/ 78%
81
69%
72%
64 3A
v
v
,
1st &
108
108
108
-
102% 102%
a-o
105
1948
gtd 5s
gtd 4s
1945
——-1945
J Junction
RR
;
*108
--
99
gtd 1st 4s
M-N
11
5s
\
101%
32
93%
102%
101%
39
93'A
102
105%
107
*106
F-A
103
107
103
V
M-S
103
102
103%
108%
4
*109
110
j-j
81
20%
j-j
107% 108
7
107%
109'%
M-S
105% 106
32
103 7/a
106'%
101%
101%
1945
22
22
23
;•
M-N
1946
j-d
j-j
1946
gold 5s
125 3A
i
j-j
104%
A-O
105%
A..1960
ser
*104% 105%
29
103'%
3
104 %
105'A
104 % 104%
.
103'/a
104% 104%
8
104'%
105%
31
104%
106'a
ref
&
1st
4'%s
&'ref
4%s
&
sterl
ser
115
4'%s
General
5s
5
101
1
106
102'%
105% A06'%
■
108%
■
15
29
105
107'A
46
104%
108
2
108% 108%
*1091/4
105%
107'A
108%
110%
105%
112'%
114
109%
111
105%
105%
108'A
'
109
109
105%
V-—
—
108%
•
*107
110
*103V4 105
— -.
.
'
'
-—
M-N
series
series
deb
Peoria
4s
~2
105%
13
107%
108%
106% 106%
30
106'A
107'A
;■
—.
■
108%
M-N
M-N
■
9
108% 1087%
107%
1087%
108'% 108'%
17
107%
108%
104'% 105
108%
.
A-O
107%
58
104%
105%
1960
F-A
127'A 127%
15
124'A
128%
1965
....
;
J-D
123'%
122% 123'A
25
1187%
124'A
J-D
132%
132'A 132'%
17
126%
133'A
53
118%
126%
1981
A-O
125'%
:
M-S
A-O
1960
1047%
105'%
J-J
1947
127%
124%
/ A-O
..1952
ext..
•
J-J
....1984
3 'As—„—.—
Eastern
&
107
107% 108
107
107%
,
1968
A.
B
1
*108
•
F-A
1948
-
105% 105%
F-A
May 11948
1970
'
*110%
'
/
■
89
124% 125'A
45
118%
56
103%
105%
105%
29
1037%
105%
108% 108%
1
108%
109'A
124 7%
125'A
•"
-104% 105'A
105
87%
39
89
"
126%
78'%
89 %
126
99%
AIncome 4s..._
*
& Pekin
Peoria
100 %
Phelps
107'%
108%
Phila
105'%
106%
106% 106%
2
104%
106'%
107% 107%
13
104%
107%
105% 106
-
■
*
'
J-D
mtge 3'As ser F.___....—1985
100
108
105%
—-
106% 107
106% 107'A
,r
■107'A
.
J-J
1974
mtge 4'As series E_.
6
108
——
106% 107
107
^
;
A-O
-J-D
-
1969
3%s series C
sinking fund 4'%s
Cons
Gen
123%
1
-
J-J
Conv
100%
■
•
.r
J-J
Gen
95
i
..
~
J-D
1981
B.
General 4'As series D__
114
"
Dj—.......1968
stpd dollar
General
20
100'%
J-J
J-J
series
Light 3'/as
108'A
1
■-
107% 107%
-/ J-D
1952
:
mtge
100'% 100'%
108%
F-A
M-S
J-J
cons
ctfs
105
7
•'
•
J-D
1966
debentures
■i
104
trust
106%
96
11
■
:
1960
f gold 4'%s_ ...1955
s
3%s
Power
27
1986
1953
1st
4s series E
125% 126
Jersey P & L 1st mtge 3s_—1974
1952
.
1970
1974-
3'As series C
102'% 102'%
3-D
J-D
1971
3s^ser L
M
105 % 106
1
J-D
—
1966
Pennsylvania RR—
Consul gold 4s
—
99
Orleans Great Nor 5s A
1983
1st
102%
U
114% 115-
New
imp 4%s
gtd 4s~
107%
101
1946
gold 4s
cons
105 /
-107
-
18
"
100% 100%
J-J
J-D
1961
•
A
96%
'■/'
New
O & N E 1st ref &
1st
con
Peoples Gas L & C ref 5s
;;
J-J
1952
>
105 %
3-d
England RR
99 %
101
M-S
>
19
103%
ms
Newark
A Consol
76%
98%
236
•'
101%'-
M-N
1st
110
103
M-N
JANew
81
71
87
101%
58.1949
i■
1083A
109%
1949
New England Tel & Tel 5s A
1st gtd 4'As series B
8
94
98%
j-j
...I960
Penna
108%
—1965
1954
Co
-i
3-d
tANaugatuck RR 1st gold 4s
ref
mtge
Gtd
73%
208
3s__
5s
75'A
97%
106% 107
F-A
'
•Pennsylvania Glass Sand:3'%s
1960
Pennsylvania Ohio & Detroit RR—
79
90
70
debs
cons
72%
Pennsylvania Co—
113'%
106'%
3
97%
3'As
Consol Gas
116%
113%
181
79%
75
*:'■
106%
Panhandle East P L 3s B__
108%
105%
■■>■",,; 3
*109'% 112%
F-A
1960
debs
78%
"98%
Paterson & Passaic G & E
*109'% 110
;
M-N
69%
77%
v
'
mtge
1st
79%
1972
1st & ref mtge 3s series J
1st Si ref M 3s series K
Ref
107
N
Nat
Transmission
Coast
4s
4s
124
108 34
106'/2
j-j
.
1974
...
& ref mtge 3'/as series I__
Gen
&*St L
124
8
,
'
.
Nash Chatt
.
135%
149
114'A 116%
113% 113%
Q-A
/;
60%
48
133'%
—
*121%
115%
113%
Q-F
.
100
48
*135
q-j
,
47
-
1948
3%s
3s__
Paducah & 111
85'%
111%
105% 106
——
J-D
1955
3'A^
States T & T
M-N
M-N
Mutual Fuel Gas 1st gtd 5s
55
*1347/a
q-j
.1964
Pacific Tel & Tel 3'As series B_
82'a
79'%
113'% 113'%
"V-
t
M-N
:% Constr M 4%s series B—...
108%
89%
64
54
M-S
*.—1974
£
1964
:t
82
72%
4
85
107% 108'A
.
-
J-J
—1955
A—
series
107
14
99'/a
*34%
M-S'
*■"
...1946
/
72'%
•
>104%
A-O
1966
—
ref
A-O
1965
mtge 4%s
debentures—
Morris
54%
98
A-O
1967
gold 5s
1st
Monongahela W Penn Pub Serv—
1st &
2047
4s.._
1st intge
mtge
Pacific
82%
72%
n V
184
F-A
1991
Power
guaranteed
<;•'
7282
33 4
40'a
»
382
M-N
Moh'k Si Malone 1st gtd gold 4s
1st
109%
•
1st & ref mtge 3%s
/ Guaranteed stpd cons 5s
Oregon-Washington RR 3s
,
ref 5s series I
34%
109
—
107% 108%
98
......2047
Pacific Gas & El 4s series G
'•
458
ref
6s
*109'A
97
25'%
61
27'A
20
110
86'
,'■*
1965
ref 5s series F
series
25%
108
92%
70'%
:y
77'A
82
v
■■■ ■!
———1973
&
Montana
26'A
j-j
Ore Short Line 1st
95%
Jan 1967
&
&
108'A
87
55
1978
r
A
A 1st
A 1st
93%
impt 5s series C
Ontario
105%
87'A
A 1st
AConv
6
97
;
tOgdensburg & Lake Champlaln Ry—
e
J-D
"
A
97
2047
1st mtge 2%sa
(Wise) 1st mtge 3%s
-Alst
1962
D
series
4s——
5s
97
O
116 Vi
1962
ref 5s series A
&
5%
13
80
11%
impt 6s series B
(Minn)
120
7%
78'%
.
37
j-j
Oregon RR & Nav
80
19
111%
104%
3
104'/a 104%
104%
tMissourl Pacific RR Co—
A General
&
18'A
105
1990
A
series
adjust 5s
■Ref
33
19
RR—
B_J
40-year 4s series
Q-F
1991
1st 4s
Missouri-Kansas-Texas
Prior
1962
1971
A
ser
&
64
26
2047
Ref & impt 5s series D
Northern States Power Co—
Marie—
4%s inc ser A
mge
Jan 2047
A
52'%
35
F-A
..2047
impt 4%s series
88
29
A-O
•
-
1974
registered
107'A
64
28
A-O
1997
&
1,08
105%
3
106'/2 106'/2
105%
25
11%
1961:
5s
77%
82'%
106
~
60
75 V.: 81%
15
81
11%
11%
ref
74%
?8'/2'
j-j
-
2014
Id gold 3s
ry &
.Ohio Edison
gold 4s
&
1
23%
4%
38
•
Ry 1st gold 4s_1996
gen
21
,*106% 107
M-S
-
-
1998
A
159
5'A
81%
63%
j-j
1955
1
• -
V
23'A
^Minneapolis & St Louis RR—
A 1st
lien
3s
;
105%
.107
Ref & impt 4l/2s series C
1979
Michigan Cons Gas 1st mtge 3y2S_1969
A
106'/a
102
*100%;.
1952
I6I/4
30
23'A
22%
Western
Ref
104%
102%
15
—
'
registered
Gen
84%
75
106'/a
106
1951
.
4s
„
*102%
23'A
80'A
-/.
&
Central
Ref
__
*60%
106
;
F-A
3%s
gold
A-O
A-O
Micnigan CentralJack Lans & Sag 3y2s
1st
__
M-N
1950
5%s
(Chic)
*88%
>
•
~4
82%
82%
M-S
RR (Southern Lines) 4s
Metrop
74%
v
M-N
A Manila
Metropolitan Edison 1st mtge 27/eS-1974
74
3-d
A Manila
McCrory Stores deb 3V%
68%
52
Co—
I960
Gen & ref 4'is series A
1974
Northern Pacific Ry prior lien 4S..1997
M
Central
Maine
Ry
mtge 4'%s series A
t
AGen mtge 5s conv inc
HA Norfolk Southern RR 5s
17 %
19','2
5
j-j
110%
104'/2
Ry joint monon 4s
71
108
F-A
-
1946
♦104'A 105%
Atl Knox & Cine Div 4s
N
3.967
107'A
-M-N
-
1943
j
*10118
South
34%
F-A
.
1940
F-A
*
V%
66
j-j
1937
J-J.,
'i
-
79
5%
>' j-j
•
1937
^
1960
_
65
2
108
18%
19%
A-O
M-N
■
,
Y Steam Corp 1st 3%s__
*§AN Y Susq & W 1st ref 5s
§A2d
-
1965
f?
;
108
M-S*
"j-d
1955
gtd 4s
cons
Mob Si
N
M-N
N Y Queens El Lt
i
St Louis Div 2d gold 3s
;
-
■
56
5
fAHarlem River & Port Chester—
129%
1946
Montg 1st gold 4%s
65
56%
108
39
97%
58'%
101
106%
—
59%
59'A
12
109% 110%
59%
58
mtge 4s series B ext
Paducah & Mem Div 4s_.
Unif
59%
58
1993;
-
91%
91%
•
58
1992
106
113%
84'%
5
24
97%
59
N Y &
8
110%
8
91%
97%
4-0
1954
—
7
106
90
M-S
v-
$AN Y Ont & West ref gold 4s
A General
4s___
«
3
4
91%
97%
M-S
1947
106%
21
High
110%
II2V4 113
M-N
1947
—
Alst & ref 4'%s series of
N
A-O
4s
deb
109'A
104'A
106
3 06
deb
120%
6
January 1
Low
108%
M-N
106%
105 'A
Range Since
Sold
No.
*107%
j-j
«'•
1973
A
'
1973
ADebenture
>
^
A-O
series
109V4
107
104
,
4s
1191/2
106'A 106'A
104
West
Si
AConv
66%
1271/4
119% 119%
M-S
Lack
-
Bonds
High
*110%
j-j
2043
ADebenture
61 Vi
57
79
72
107'A
*105
J-J
2003
1st Si ret 3%s series E——
1st
119%
A-O
:
Ark
&
F-A
1963
:
(P) Co deb 5s
debentures
3s
107
Y
M-N
2043
;
ANon-conv
55
55 Vi
—
107
series B
ANon-conv
90'A
47
107"
*__
ms
35'
117
■
*111%
series A
4s
ANon-conv
59%
; 45'A
50 "7.
119'A 119%
119%
1951
stamped
Lorillard
*
gold 4s
49290
90
88 y8
♦129
M-N
1949
series
4s
gen
89 %
A-O
.—1951
1962
Liggett & Myers Tobacco 5s
Litie
A-0
A-O
4s
2000
ANon-conv
84
80%
41
Range
Friday's
Bid & Asked
tN Y New Haven & Hartford RR—
■
4s
4%s
gold 3%s
4Vis series B
«
M-N
Harlem
ANon-conv
98
90'A
88
90'A
N
!
Valley RR—
1950
&
Mtge
__
90'A
Y
Mtge
1
90'/2
100%
or
Sale Price
Low
N
93
~6
90 3A
90
F-A
100%
Week's
Last
Period
"l
100
F-A
——1974
Term
Harbor
100%
.——1964
stamped-
Leh Val
F-A
1954
5s_
stamped-—
& ref sink fund
1st
1954
5s
Interest
January 1
No.
High
Friday
New York Stock Exchange
Range Since
Sold
,
Lehigh Valley Coal Co—
&
13
bonds
Bonds
Friday's
Bid & Asked
low
1st
RECORD
ENDING APRIL
Week's Range
Period
N«w
BOND
WEEK
FOR
1679
1
'
Apr 1990
Union
Wash
1952
deb
105%
J-D
•
1st gold 4s—
B
—.—1974
series
5s
F-A
3%s
Dodge conv
Bait &
General
50%
*107%
Apr
Ry 5'%s_.—1974
.
..
*130%
57%
106'A
106'A
136%
128%
88
105%
131'%
105% 106
*126
F-A
49'A
106'A
37
51'%
...
1st
tNew Orleans Texas & Mexico Ry—
SANon-cum inc 5s series A
1933
ACertilicates
A 1st
series
5s
of
A 1st
5s
130
ACertificates
*
of
ACertificates
A 1st
:
79%
■
96%
19
80
95
F-A
94
*85
1950
F-A
92%
70
107'% 107%
37
1C57%
104
104
104'A
17
102%
104'A
1967
M-N
103%
103% 104'%
23
101%
104'A
1974
M-N
103% 104
23
101%
104%
238% 248
141
203'%
248
A-O
99%
deposit
96%
N
Y Central RR
series
J-J
F-A
100
89
Ref
N
&
impt 4 Vis series A
2013
A-O
86%
Ref
&
imDt
2013
A-O
94%
1997
J-J
1997
J-J
5s
series
C
Y Cent Si Hud River 3Vis
3'As
registered
Lake Shore coll gold 3Vis
3'As
registered
—1998
77
77
Philadelphia &
96%
94%
AGen mtge 6s income
Philip Morris Ltd deb 3s
96
53
80
%
80
88
__
"4
92%
si
40 "
99%
3s
;; 92%
83%
99%
83
3Vis
New York
Ref
4Vis
mtge 3%s
series
C
series
D
81
82%
201
897%
87
476
94%
261
106% 107%
44
33
28
87
.78%.
94
87,.
..
F-A
j-L-i'
■
92
— -
104'%
95
89%
91
92
*88
8
89%
90
106
__
A
100%
107%
Series
97%
104%
Gen
J
cons
cons
4%s.
guaranteed 4'%s—1964
82%
94
1970
Gen mtge 5s series B
1975
Gen mtge 3%s ser E
1975
Pittsb Coke&Chem 1st mtge 3%s_1964
81%
87%
Pitts
83
j
97
i
94
Steel
1st
4%s
mtge
'
M-S
103
1C6 %
103
103%
141
105% 106'/a
103
103%
47
mtge 4%s series B
Pitts & W Va 1st 4%s series A
105'%
106%
106 'A
109
100%
104'A
Pitts
3'As series D
1965
A-O
106%
106'% 106%
3
105'/a
106%
lit
1960
A-O
107% 107%
4
107'A
109
1st
gen
1948
3-D
112% 112%
7
112%
113%
1st
4%s
1949
F-A
109%
1
109%
110%
107% 108
__
.
—
109%
1680.
I
1st
1st
gen
1st 4s
5s series B
5s
series
C
series D
APittston Co
5%
inc deb
J-D
125
23%
21
103%.
102
102
107
107
113%
106
106'%
8
11
1,24%
128%
134'% 135
125
124%
*123
113%
123
125
*133%
134%
129%
133%
135
105
107%
102'% 103'%
8
101'%
105'%
13
104%
106'A
104%
106%
!98
105
*105'%
92
91'A
93%
32
92
93
44
92'A
93'A
91
A-O
92%
1960
ser
15'%
*112%
*114'%
J-D
1958
101'A
*112'A
J-D
..1950
29
108
1959
mtge 4'%s series B
mtge 4'%s series C
Young & Ash
m-N
J-D
A-O
A-O
M-N
107
15%
20
102% 103
104%
106
23
*101%
m-N
1950
1st
7
4s
mtge 5s series A
29
page
...
21
10
1
F-A
95%
103 Ve 104'A
see
*
...1949
guaranteed
102%
20'A
*17%
—
1963
*
87
104%
footnotes
F-A
Series I
91%
F-A
3'As series E
1964
20%
1953
1957
1960
A-O
ref
J-J
guaranteed gold
Series G 4s guaranteed
Series H cons guaranteed 4s
F
J-J
A
1937
SeriJS
100%
1973
1st
N Y Gas El Lt H & Pow gold 5s
Purchase money gold 4s
For
100
107%
104'%
—
106% 107
M-S
F-A
J-D
m-N
F-A
1965
Dock
lien
2
100
*105%
M-N
1963
Ry
4s
248
...
1949 %
1.951
Connecting RR 3Vis
Y
Y Edison
D
gold 4s
Y
N
1st
*88%'
84%
94
1978
N
N
100
Chicago & St Louis—
Ref
,
—Apr 1964
196?
Pittsburgh Cine Chi & St Louis—
Series
—
Coal—
1st s f 4s
ACertificates of deposit
Phillips Petroleum 2%s debs
91%
104
107
F-A
1998
registered
F-A
1998
Mich Cent coll gold 3'As
Reading
debentures
t5 A Philippine
?
F-A
1998
.
2%s
Series E 3%s gtd gold
1998
A
2%s
M
ref
80
•(
1943
4s
ref
81
'
gtd 4'/2s
and
5
'
Newport & Cincinnati Bridge Co—
General
&
1st
80
2%s
ref
&
27
•'
■■
deposit
1954
J-J
J-J
J-D
1st
96%
94%
A—.
94%
5Vas series A
of
A-O
deposit
of
ACertificates
79%
'
A 1st 4%s series D
i
A-O
deposit
1956
1977
1961
1971
Electric
1st
■„
1954
of
C
series
--
deposit
B
ACertificates
■
General gold 4%s series C
Philadelphia Co coll tr 4'As
Phila
Orleans Term
New
J A-O
■82%
A—1948
J-D
*106
1962
F-A
J-D
1964
J-J
98
J-D
1977
84'%
*122%
1974
84%
103%
84%
106
98
106
*111
98%
99
13
94%
99%
THE COMMERCIAL & FINANCIAL CHRONICLE
1680
Monday, April 16, 1945
NEW YORK BOND RECORD
RANGE
Interest
Last
Period
Exchange
Sale Price
or
1960
Utah
extended to—
3 st 5f
El
Potomac
1977
1951
1957
IA Providence Securities 4s
1st & ref mtge
&
& ref
107%
103%
25%
M-N
*100%
103%
110
debenture
107%
J-D
1953
J-D
1961
M-N
debs
J.J
*151%
J-D
*230%
II'
Terminal
224% 230%
Gen
RR Assn
of St
s f gold 43
1953
mtge 3%s series B..1974
imp M 4s ser C
2019
1964
100%
12
101% 101%
J-J
101%
3s
106% 107%
107%
102%
20
105%
105% 105%
38
105%
105%
105% 105%
17
105%
-19M
Grand Island 1st 4s
1947
Bt Lawr & Adir 1st gold 5s1990
2d gold 6s
1990
tst Louis Iron Mountain & SouthernRiver & Gulf Division
..1933
8 A 1st 4s stamped
ACertificates of deposit
..1950
St L Rocky Mt & P 5s stpd_.
St Jos &
Francisco Ry
San
..1950
A
J.J
107
106% 107%
25
106%
107%
107%
107% 107%
38
104%
107%
*102%
M-N
103%
—
103% 104%
104%
J-J
54
98%
73%
17
71
73
73%
>4-0
110% 110%
M-S
*109%
109
60
184
■
59%
17%
20%
J-J
18%
11
16
20%
48
17%.
A-O
90
11
84
84
2
A'O
•: 81
100%
101%
105% 105%
19
100%
100
J-D
105%
105%
99%
*103
"
105%
103
J-J
90 YB
90%
91
Jan 1960
A-O
52
51%
52%
J-D
income 5s
& Elec 1st
debentures
*102
F-A
44
94%
51
4
> ;
103
89%
258
-104
105
;
M-S
J-J
1960
_
105
J-D
1949
1°**
gold 5s
deb A
conv
60%
105
"
102%
mmmm
106
111%
'
103
103 &
-*■
113%
•
.'•—A
„
»103J2 104
V
*105
—
59
J-J
59%
.1959
51
land
51
1
1,479
37%
15
37%
108
94%
94%
2
76%
75%
77%
52
72
82%
81%
83%
115
72
87%
J-J
106%
106% 106%
1955
A-O
1958
F-A
1959
M-S
;
A-0
cons
f 4s
8
40%
104'A
>4-0
6
108
'45%
/
M-S
39%
1
39%
39%
F-A
37%
*111
*113%
Iron Coal
Coke
&
1st gold 5s_.1949
M-S
2003
A-0
.—I960
inc
4s
mtge
series
A
M-S
3
104'%
1st
mtge
103%
104
118
106
106%
1991
118
101%
108%
11
107
106% 106%
Western
1st
Si
Maryland 1st 4s
ref 5%s series A
106%
109
90
20
84%
89%
267
99%
101%
101% 102
64%
Q-M
5
100
3
60
70
102
67%
102
F-A
102
J-D
102
>117% 118
J-D
117%
>106% 107%
110%
110% 110%
6
109
A-0
105%
105% 106%
105
105
33
106%
108%
92%
103%
1950
M-N
107%
107% 107"%
11
106%
107%
1951
J-D
107
106% 107%
1960
M-S
107%
107% 108
5s
..1951
2361
2361
1st 4s guaranteed
M-N
33
82%
81
108
14
101%
103
98
78%
83
44
102% 103%
102%
78%
79%
J-J
80
72
1966
1958
M-S
A-O
105 ?
1
1960
J-J
1949
J-J
82
80%
83%
194
F-A
*103
103%
103
J-J
*106% 107 %
106
1930
M-N
28%
28%
28%
42
A-0
*130
A-0
108
108
110%
J-J
109%
109% 109'/2
1977
M-S
101%
100% 102
231
92%
M-S
96%
94%
96%
226
85%
M-N
96
94%
96%
386
85
M-N
98
96
98%
398
84
98%
San Fran Term 1st 4s
—1950
A-O
106%
106% 106%
6
105%
107
J-J
106%
106% 106%
164
104%
105
81%
104
104%
105%
117%
*117%
117%
:•
79
*26%
85%
19
30
88
79%
1st 4s
deposit
Wisconsin Public Service
96%
—
1968
1969
1981
of
..
deposit
Wisconsin Elec Power 3%s
108%
4
1970
of
ACertificates
130
-
106 %
4s
5 ASu & Du div & term
lb7%
126
5
1st
B
ACertificates
103 7/a
108 %
S
Central 1st 4s
IA Wisconsin
*110%
110%
102%
M-S
74%
109%
•
1949
Wheeling Steel 1st 3%s series B
Wilson & Co 1st mortgage 3s
104%
85
-
Wheeling & Lake Erie RR 4s
75
107%
105%
102% 102%
J-J
105
101
Winston-Salem
103%
106%
59
Registered
103
102%
A-0
?
102% 103%
West Shore
66
107%
,110%
107% 108%
41
•
117%
106%
J-J
108%
29%
.
102%
>102% 103
103%
Westinghouse El & Mfg 2%s
;
r
J-J
ser
86
80
100
May
inc
82
101%
12
87%
1977
4%s
gold
101%
99%
87
Telegraph
5s
1
67%
99%
100% 101%
2014
Union
25-year
16
101%
F-A
99%
A
Pacific
Western
30-year
102% 102%
*72%
:
.
Co—
Funding & real estate 4%s
Western
63%
102% 102%
101%
1952
87%
102%
87%
F-A
Ltg 5s stpd gtd
1950
Gen mtge 3%s
,
1967
Power 3%s series 1—1966
78%
102%
Apr
1971
A-O
53%
J-J
Apr
4s
12
J-J
F-A
115
15
*121
1981
mtge inc 4%s series B
mtge 3'As ser B
124
50
104
J-J
1958
5s
cons
87%
37%
112%
__
106%
62%
36%
;
108
63%
——
109%
106
104%
52%
— —
102%
1
36
87
,.98%
107% 107%
64%
61%
M-S
107%
; 13
-
A-O
'53%
62
102 %
104%
109%
102
13
1974
189
60%
102%
F-A
West Penn
45%
62
109%
104%
105% 105%
M-N
Westchester
»
46%
16
62%
1071
*104% 106
1957
Warren RR 1st ref gtd gold 3%s..2000
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—1970
47%
44%
61%
107
107
1st & ref mtge 3s series D
Walworth Co
104%
45%
62%
104
104
8
105%
1st
102
45
45
5
'29
.
104% 104%
108
108%
3
Gen
104'A
86%
42
45%
:
W
103%
89%
86
100
100% 102%
a-o
87%
3
,
102
106%
Wabash RR Co-
131%
100% 101
106
105% 105%
1st
106
130%
100
105
M-S
105%
103%
1
101
103%
...1968
Va & Bouthwest 1st gtd 5s
46%
5
A-O
104% 105
104%
1958
g 4s series A
series B
95%
12
101
27
104% .106%
159
M-N
Va
J-D
A-O
>:
6
J-D
Gen
185
20%
7Vi~4
104'A
1980
v
86%
46%
__
__
104% 104%
104
77%
J-J
43
X
116
94%
J-J
46%
'
104
1971
43%
J-J
F-A
•'>
J-J
1970
Cons
44%
41%
23
113%
*26%
.■
Va Elec Si Pwr 3%s series B
59
58%
42%
115% 116
*113
*
.1947
grant 4s.
United Drug 3%s debs
Universal Pictures 3%s debs.
60%
41%
M-N
F-A
.1967
Ref mtge 3%s series A
United Biscuit 3%s debs..
56
41%
—
42%
A-0
99
58%
■
M-S
M-N
.1945
Pacific RR—
Vandalla RR
54%
J-J
.1971
35-year 3 %s deb
56%
48
54
58%
48%
433
54%
53%
695
33
53%
92%
105% 105%
Skelly Oil 3s debentures
1950
Socony-Vacuum Oil 3s debs
1964
South & Nor Ala RR gtd 5s—_——1963
South Bell Tel & Tel 3y4S
1982
105%
102%
5
99
'*.*•
Union
A-O
107%
103
44%
2%s sinking
140
34-year 3Vis deb
84
105% 105%
1935
1954
1961
1941
1952
108%
130
2
28
106%
89%
79%
103
99
J-J
—-
Oil 2 Vis debs
fund debentures
18ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Sioux City & Pacific Div—
See Chic & Northwestern Ry
Shell
.
61
101% 102%
--
A ctfs
106%
140
U
„
*87
deposit
of
ACertificates
tASeaboard All Fla 6s
105
15
107%
1067/a 107%
140
59
,
*103%
M-N
104%
10
105% 106
106
J-J
J-J
131% 131%
1950
10
106%
140
105% 105%
Union Electric Co of Mo 3%s.
tSAUnion Elev Ry (Chic) 5s_
Union Oil of Calif 3s deb
r 38 debentures..
26
M-N
(Chemical Bank)..Alst cons 6s series A
1948
ACtfs of dep (Guaranty Trust)—
ACtfs of dep (Chemical Bank)—
18 a Atl & Birm 1st gtd 4s
193j
107
M-N
105% 105%
Trenton Gas
21%
20%
J-J
dep
of
ACtfs
107
A-O
J-D
105%
series D
Tri-Cont Corn 5s
60
1950
| A Refunding 4s
ACtfs of dep (N Y Trust)—
105
109
M-S
195o
14
108%
51
1989
J A 4s gold stamped
ACertificate of deposit
*
107% 108%
Tol & Ohio Cent ref & impt 3%s_.l960
Toronto Ham & Buff 1st gold 48—1940
79%
1952
tSeaboard Air Line Ry—
J A 1st gold 4s unstamped
ACertificates of deposit
109%
107%
1977
Virginian Ry 3%s series A
Schenley Distillers 4s s i deb
St N E 1st gtd 4s
106%
127%
105%
5s
112
106%
126
A-O
A Ad J
105%
108 %
2
57
ISt
-—1980
Nov 1989
IA 1st term & unifying 5s—
1952
AGen & ref gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1908
t{ASt P & K C Sh L gtd 4Vis
1941
<8t Paul Union Depot 3Vis B
1971
110%
10
..
Texas Pacific-Missouri—
106
108%
—
109
MS
—-
Louis-Southwestern Ry—
1st 4s bond certificates
A 2d 4s inc bond ctfs__
5
127% 127%
—
MS
...
.1978
Scioto V
■
*110
M-S
*107'/a
'
—A.
J-D
3%
*125%
M-S
— im
.1950
lien 5s series B
A Prior
106
1979
1st &
lien 4s ser A
ACertificates of deposit.
104'A
—
.
Pac Tenn RR of New Orl 3%s__1974
Third Ave Ry 1st ref 4s
..i960
107%
(4.7%
Prior
106%
1959
1960
ref 5s series C
& ref
Union
A
105%
107%
105%
2000
debentures
Gen
107%
J-J
for 1945) due_1975
Revere Copper & Brass 3Vis—. -—J960
IfARio Grande West 1st gold 4S..1939
a 1st cons & coll trust 4s A
1949
Rochester Gas & Elec Corp—
Gen mtge 4%» series D—
1977
Gen mtge 3%s series H
1987
Gen mtge 3%s series I
1967
Gen mtge 3 Vis series J---——1969
*JAR I Ark & Louis 1st 4%s
1934
f A Rut-Canadian 4s stpd
1949
JIARutland RR 4Vis stamped
1941
tOt Louis
103%
105%
5
1980
107%
J-J
1997
1997
Ltd 1st M 4 Vi».
1
5
106
F-A
1950
Texas & Pacific 1st gold 5s
Gen Si ref 5s series B
>4-0
1981
Remington Rand deb 3%s..
—1956
Rensselaer & Saratoga RR Co—
fiaguenay Pwr
106%
106% 106%
J-J
Gen &
mtge
105%
*104% 105%
J-J"
Ttxarkana & Ft Smith 5%s A
Texas Company 3s deb
R
Gen
105%
10
104% 104%
106
J-J
Ref &
4s
High
103%
Louis-
refund
Ref & impt
Reading Co Jersey Cent coU
Gen & ref 4%s series A
G*n & ref 4'As series B
Low
10
108%
•/M-N
2037
Quaker Oats 2%s deb
January 1
No.
106
—
__
M-N
Range Since
Sold
Uiah
105% 106
„
J-J
1959
1950
Corp 3%
Oil
Bonds
Bid & Asked
110%
*108%
Week's Range
or Friday's
105% 105%
...
103%
"110
1961
Swift & Co 2%s debs
31%
25
__
MS
2037
mtge 8s
2%s
F-A
Superior Oil 3Vis debs
Sunray
~4
103%
103
103%
1960
debs
Standard Oil N J deb 3s
108%
101
—
Stand Oil of Calif 2%s
*113
F-A
J-J
J-J
1973
3s—.
5s
—
ref mtge
1st
*108%
J-J
•"
Last
Sale Price
Lot*
103
1956
Public Service El St Gas 3Vis—
1st
100%
Interest
Period
104
1968
Terminal 4s
i A Providence
103%
9
J-J
1966
M 3%s„.
1st
Pwr
mortgage 3Vis
1st
Pressed Steel Car deb 5s
No
Friday
New York Stock Exchange
Range Since
January 1
Lorn
High
Sold
103% 103%
103%
M-S
1950
1st 4%s_
13
BONDS
Bonds
Friday's
Bid & Asked
Low
Portland Gen Elec
WEEK ENDING APRIL
Week's Range
Friday
BONDS
York Stock
New
FOR
31%;
20
30
1968
A-0
*1071/2 108%
106
108%
1971
J-J
*108'A 110
109
110%
1960
3'As
M-N
104%
106%
104 3l2
104 &
106%
3s
debentures
Southern Pacific Co—
(Oregon Lines) A
1st 4Vis
Gold 4 Vis
Gold 4Vis
Gold 4 Vis-
South Pac RR 1st ref gtd 4s—
Stamped
Southern
1955
Ry 1st cons gold 5s-.
Devel &
96%
Youngstown Sheet & Tube—
1st mtge s f 3%s series D
-1994
4s series A—
•
J-J
130% 131
123
40
131
-1956
A-O
99%
Devel
&
gen
6s—
1950
A-O
112%
112% 113
23
111
&
gen
6%s_.
1950
A-O
118%
118
36
117
(May
1)
105%
105
31
105%
*__
:
104'A
Deferred
delivery sale not Included In the years range,
d Ex-interest,
e Odd-lot sale not
Included in the year's range,
n Under-the-rule sale not included In the years range,
t Cash sals
a
115
Devel
bonds
Called
J-J
—
—
102
119%
gen
Mem Div
1st
gold 5s—
i990
1st
&
ref
3s
J-J
1964
series C——;
J-J
1951
—
8t Louis Div 1st gold 4s
Bell Tel 3 Vis B
Southwestern
J-D
-1968
ASpokane Internat 1st gold 4Vis__2013
99%
99
160
118%
95%
*122
116%
106% 106%
J-J
9
8
108
3
107
13
58
109
107% 107%
Apr
58%
59
59
not Included in the year's
y Ex-coupon.
^Companies reported as being in bankruptcy, receivership, or reorganised under Beetlon IT of
107%
v
range,
SNegotiabillty Impaired by maturity.
tThe price represented 1s the dollar quotation per 101Accrued Interest payable at the exchange rate of $4.8484.
pound unit of bonds.
121
106
108
108
99%
the Bankruptcy Act, or securities assumed bv such companies
109%
"Friday's bid and asked prices;
107%
ABonds
65
selling flat.
no
^
:
sales being transacted during current week.
;
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
m
a
footnote
In the
and
in
deferred
the
week
in
delivery sales
following extensive list
April 7, and
AND
ending the
present
we
furnish
Friday
a
April
complete record of the transactions
13,
include every security, whether stock or
bond, in
1945).
It
is
compiled
STOCKS
New York Curb
Exchange
Friday
Week's
V'/
■
Acme_wire oo
Aero
Class
B
Range
Shares
Par
l
A-I
Low
4%
Mfg
Investors
Convertible
Low
2,800
2%
Jan
Feb
Jan
29
Jan
21% Mar
Feb
preferred
see
12%
13%
Jan
13 %
Feb
12%
12%
(NJ)
4%
12%
800
12% Mar
13%
Jan
3%
1,100
2% Mar
37%
100
3
HIHHIIIio
page
1685.
37%
1,900
4% Mar
9%
37%
Apr
5'A
:
Sales
Last
Exchange
Curb
I.
Aireon Mfg
Air-Way
Alabama
Corp
Electric
Great
'/- 'I
/;'/.■
—
—
Appliance
Range
for Week
of Prices
Shares
Low
Far
50c
3
Southern
8
400
3%
Jan
5%
10
99%
Jan
115
6%
6,100
4%
115
High
Low
5% Mar
5%
115
50
Range Since Janoary 1
High
4%
•
Jan
Feb
Mar
Feb
3'A Mar
37 %
Week's
Friday
Sale Price
York
High
6
19
400
intended to
13
STOCKS—
High
4%
APRIL
New
4%
common...
For footnotes
4%
1
common.
ENDING
Range Since January 1
27%
,
Air Associates Inc
FOR WEEK
for Week
of Prices
IIIlO
common
Supply Mfg class
A ins worth
Air
warrants..;
Saturday,
the New York Curb Exchange for the week beginning on
Sales
Last
Sale Price
Motors
on
entirely from the daily reports of the Curb Exchange itself, and is
Skowa
which any dealings have occurred during the current year.
RANGE
ACF-Brlll
RECORD
YEARLY
disregarded In the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are
which they occur. No account is taken of such sales in
computing the range for the year.
are
Apr
Alabama Power Co $7 preferred
$6
preferred....
Alles & Fisher
Allied
Intl
—
common
Investing S3 conv r»fd
•
*
_1
•
116
116
116%
106
106
6%
6%
80
116
Feb
117 % Mar
20
106
Jan
107%
100
6%
41
Jan
Apr
10
Feb
Jan
48
Feb
;
Volume
Number
161
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
NEW YORK CURB
RANGE
New
York
Curb
Week's
Friday
8TOCKH—
Last
Exchange
Range
Products
Shares
Class
A
conv
Altorfer Bros
6%
40%
6%
32%
Apr
375
30
Jan
32
Apr
Jan
9
Jan
Ltd
39 y8
40 y2
6,200
36y4
Jan
115% 115%
300
112%
Jan
Jan
15%
115%
Jan
Mfg
Industries
Aluminium
Jan
33
19%
common
Goods
Aluminum
29
81/4
preferred..
common
94
common
96%
1,500
86%
preferred
American Beverage common
Book
American
Central
American
Cities
*
Jan
1%
100
99
Mar
Power
&
1% Mar
2%
100
46
Mar
50%
Feb
14
700
11% 'Jan
16%
HERBERT E. STERN & CO.
Jan
49%
Feb
MEMBERS
juiight—
OF THE
49%
50%
46%
50
5%
6y4
4,500
39%
42%
4,200
%
class
A
is
5,800
6%
Cyanamid Co
&
American
Fork
American
Gas
4% %
warrants-
Hoe
300
•
19
19%
47
Jan
43i/a
52
33
34%
Jan
Jan
7'/8 Mar
38y4
Jan
441/4 Mar
3*2
13,528
Corp
Hard
42%
Jan
1/2 Mar
American
Laundry Mach
Light & Trac common
preferred
American Mfg Co common
-
.
20%
25
25
Preferred
III1/4
Jan
10'/8
44'A
25
48i/4 Mar
51
Feb
18
24%
Jan
250
.
57%
36
Voting
Feb
American
100
Jan
21
Feb
Apr
28
Mar
California
Jan
70
Mar
Callite
Jan
105
Mar
100 y8
Calamba
Maracaibo
Potash
American
Republics
8eal-Kap
American
&
Chemical
.*
Corp com.
preferred
$6 series preferred
American Thread 5% preferred
American
Writing
Paper
Camden
Am
31/8
Feb
6i/2%
Jan
34%
Feb
Canadian
650
41%
Jan
47%
Feb
14 »/2
7,000
13%
Jan
16»/2
Mar
5%
600
43/4
Jan
61/4
Feb
%
-
37,200
n
\
127»/4
•
25%
22%
25 y2
4%
4%
600
8%
9>/2
5%
5%
Jan
%
Feb
127'A
Apr
26%
Feb
1
•
V
5%
Jan
5
6,500 /•
5%
Jan
9%
3%
Jan
6%
Feb
£1
1
3%
3%
1,200
•
23%
23%
300
Natural Gas
Common
class
pfd
100
—1
common
113%
113% 114
7%
•
preferred
6%
is y8
,•
non-voting
A
10
&
Aro
Works
Art Metal
Oil
Ashland
Associated
&
7%
non
&
90
8%
3%
10%
1,900
20
Feb
4
i
Feb
26
Feb
Associated Tel
Atlanta
& Tel
Birm
class
& Coast
RR
Jan
•
$6
Atlantic
Coast
Carter
114% Mar
Co
Coast
Line
(J
W)
Jan
9%
Jan
Casco
4%
Jan
Castle
(A
Jan
5%
Jan
Catalin
10%
1,100
103/a Mar
M)
11
Feb
Central
113
Atlas Corp
Atlas
Jan
Central
Atlas
Plywood
18 Vs
xl7
1,500
Mar
23'A
200
12%
Jan
16'/4
Feb
Central
73/4
Apr
91/2
Jan
Central
&
1%
1%
1%
8'/4
;
Feb
3/4
Jan
500
*9
175
Jan
10
Central
Mar
Apr
6%
Jan
5%
X2%
Ohio
2%
_i
;
IVo
Jan
Gas
&
Elec
7%
preferred
7%
100
100
50o
preferred—.100
133/4
14
25
100'
1
•
■■
Jan
23
Feb
122%
50
23/b
2 3/4
26
18%
16 '/a Mar
-Feb
26%
2,250
21
26
'
;
32%x33%
293/4
2,200
Jan
Jan
35
Cities Service
w
$6
warrants
Purchase
5
;
4%
Baldwin
13%
los
American
Steel
Barlow
&
Basic
Co
1
common
common
87/a
Feb
12 y2
100
107/a
Jan
12>/2
18%
20 >/«■■
20 V*
900
16 y4
Jan
20 y4
_*
—
36
12 3
•
8
10
125
115
116
*
10
Seelig
7%
(L)
A
Tel
16%
1
6J/4
Jan
12%
Feb
Cleveland
Clayton
3%
3'/4
2,000
.
15%
6
113
12%
Feb
Club
Feb
3%
Feb
common
1
Canada
Cockshutt
Apr
18'A
Feb
Colonial
53/4
Jan
7%
Feb
Colorado Fuel &
11%
Jan
Colt's
106
20
4'A
200
Mar
Jan
4
4'A
500
4
50
146% 146%
18%
Jan
^ Jan
145
Jan
•
31
31%
200
30
Mar
*
38
38
100
36% Mar
preferred
Berkey & Gay Furniture
1
Bickfords Inc
1
2%
2'A
* 2%
1%
11,700
Jan
125
Blauner's
Bliss
(E
Fdy & Mach Co corn—•
Patent
Columbia
Mar
5 %
10% Feb
24'/4 Mar
Fire
Gas
common
W)
Southern
1
Ridge Corp common
$3 optional convertible preferred
Blumenthal
Bohack
7 %
(S)
(H
1st
Cl
& Co
Co
Feb
46%
Feb
Jan
2%
V
t
c
extended
Conn Gas
Feb
&
to
•
common
preferred..
2d
common
41/4
4%
5,200
3%
Jan
5% Mar
53%
54%
200
51
Jan
57%
Feb
Consolidated
Gas
18
19
300
153/B
Jan
20%
Feb
Consolidated
Mining
Retail
10%
10%
111
33
•
—100
•
Tract'on
Corp
Brewster
23% Mar
U
400
9%
Jan
Consolidated
Feb
Consol G E L P Bait
■; 13
12%
40
110
Jan
32
Jan
35%
^
12%
Jan
14
~i%
2,700
%
Jan
,38%
200
3%
1,900
1
38
3
~lVe
38
3
■
V
•
37
Apr
115
1%
48
Jan
preferred
Consolidated Royalty
Feb
Consolidated
Mar
Am
Oil
Am
dep
British
4%
4%
Jaix
17
Class
£1
Power
class A
common
I
Bruce
(E L)
Co
Bruck
Silk
Bunker
Burma
Burrv
common
Butler
2%
6 %
Hill
&
(P
For
Hi
4%
2%
50
6%
800
700
24
Jan
27
Feb
1,400
20
Feb
23i/a
Jan
22 »/4
'
4%
4,100
2%
Apr
53/8
Jan*,
91
33/8
Feb
2%
Feb
7'A
Feb
93
5%
Jan
33
33
33
200
11%
11%
700
A—.'"
21
22%
113
22%
1131/4
33
9%
10
Mar
36%
Jan
22,300
20%
Jan
10%
Feb
Jan
12%
Feb
Jan
24
200
iny4
Jan
114%
12%
13'/4
2,100
10%
Jan
131/4
1%
1%
8,400
1%
Jan
12%c
3'/4
3%
1,600
25c
common
page
1685.
Mar
Jan
1%
;
Jan
Mar
26 y2
21%
4
5%
21
12%
6%
6%
700
.2.50
dep rets
see
6
'
_•
Sullivan
footnotes
22 »/4
•
25
Corp
2%
25%
*
preferred
'"orp Am
Feb
Mar
Smelt
3
Jan
4%
,Jan
Jan
6y8
Feb
8%
8%
600
8y8
Jan
9%
5%
6Va
5,200
5%
Jan
7>/4 Mar
1,200
78%
77
79
1,500
Feb
34% Mar
39 y2
Jan
71
420
30%
31 Vt
79
Feb
Jan
1%
1%
1%
1,900
14
Jan
2% Mar
13%
13%
13%
1,100
11%
Jan
13% Mar
8»/4
500
71%
1,900
1
69 y4
71%
Feb
43
8
8
% Mar
7'/a
67%
Jan
Jan
2%
2
4
6%
Feb
43 % Mar
8 3/4 Mar
723/4 Mar
117
117
50
116
Jan
118
Jan
110
110
10
108
Jan
110
Jan
6'/4
5%
6V4
9,800
5%
Apr
7y8
Jan
5
Ltd
54%
52%
55%
2,675
43%
Jan
55%
Apr
9%
1,000
8%
Jan
103/a Mar
Feb
1153/4 Mar
1
9
9
115
10
*3%
"3
~3%
1,100
2%
Jan
•
Co
19%
19
20
3,000
18%
Jan
1,400
4%
Jan
6,200
133/4
Jan
18% Mar
60
108%
Jan
112% Mar
5
1
15%
17%
111-
100
18
111%
•
17%
17%-
17%
8%
8%
8%
2,700
16%
16%
100
3>/8
3»/4
15
200
•
Co——
Co
Cornucopia Gold Mines
———i.
&
3% Mar
25 y2
Jan
6%
Feb
300
Jan
8%
17%
Feb
Jan
9%
Jan
1
!—
convertible
U
Feb
16%
Jan
i7«
*
A
Petroleum
J a.1
14% Mar
—50
„
Reynolds
preferred
Cosden
3%
a
102%
common
preferred
102 % 103
2
120
84
175
33
2 3/4
—I
—50
Jan
4
Jan
109
Jan
Jan
3%
38
Feb
Feb
Feb
Mar
35%
36
28%
27'/8
28%
8,100
\,1%
1%
IV2
10,700
1
Jan
1%
9%
10
8%
500
9
Mar
liy2
Jan
73/8 Mar
9%
Jan
19%
Feb
4%
Feb
Courtaulds Ltd—
American
Croft
receipts (ord reg)
dep
Petroleum
Brewing
Crowley
Crown
Milner
1
Co
•
& Co
Cent
Petrol
Crown
Cork
International
Crown
Drug Co
n%
(Md)
—5
1
8
_25o
17%
"334
38
2,700
**3% "3%
common
Atlantic
Sugar
Cuban
Tobacco
300
Inc
Mfg Co
—
common.
Mar
Jan
.
Jan
3'/8
Jan
Apr
2%
Jan
35
Jan
27
Feb
Feb
43/8 Mar
48
Mar
5
23%
23%
24
22% Mar
28 3/4
Jan
13%
5,300
common
Lighting
9%
283/4
15
100
1,000
—10
Curtis
Cuban
Jan
26 Vb
X3%v X3%
—25
preferred
Crystal Oil Refining
$6
preferred
~8 %
•
A
common
convertible
9%
25% Mar
£1
5
Curtis
fl
Ltd
preferred
Biscuit
Jan
20'A
5% Mar
•».*'
1
Buckeye Pipe Line
Buffalo Niagara & East Power—
1st
20%
21
*
common—
Mills
Feb
Jan
-•
•
prior preferred
$5
t
preferred
$1.60
22% Mar
19 V*
50
•
Forman Distillers
Brown Rubber Co
20%
Range
Cor? ton
Creole
*
A
20%
10s
B
Class
17% Mar
Jan
19%
£1
reg
Ltd—
Brown Fence & Wire
Brown
Mar
21
300
Jan
4 %
46% Mar
1
Coro Inc d—
$t>
22
Feb
12%
Jan
10%
'
21%
43A
Jan
403/4 Mar
8%
35%
*
preferred
Copper
5 %
dep rets ord reg
Columbia
prior
Cook Paint & Varnish
Feb
Tobacco-
ord
rets
Celanese
Amer
7%
Feb
•
dep rects ord bearer
British
$5
Co
Jan
Continental Gas & Electric Co-
•
American
Jan
100
& Machine
Jan
Apr
Jan
28 y2
100
Feb
Fdy
4%
3%
35 y4
4%
34%
1
Continental
19
"73/4
.
4%
35%
—10c
23 %
600
44
150
,113/4
40%
44
375
33/4
39%
44
•
common
Oil
Jan
5,600
Feb
Jan
Jan
1
Corp
Apr
V
2y8
12
1
Co
Jan
—■
A
American
Steel
Textile
3
"7% "i
22%
Jan
8% Jan
•k Jan
Jan
•
Class
Consol
15
*7%
Jan
1%
.
100
10
100
20
•
1%
10
32% Mar
8 %
Mar
1,800 \
•
16,000
Feb
19%
200
2%
Feb
9%
Jan
C
&
1,300;
Co.,
21%
11%
Jan
Jan
Stores
16%
common
9
1/64
Utilities
22%
Feb
87/a Jan
27y4
common—
16
4%
600
300
31%
preferred
series
21%
Brillo
British
B
16%
Bridgeport Oil
British
series
preferred
21%
Bridgeport Gas Light Co_—
Co
4%
•
4%
Feb
25
Co
l
Aeronautical
Mfg
tVi>7o
Biscuit
1
Lgt & Pwr
common—.
Jan
123%
•
Jan
100
33%
Feb
12%
110 3/4 Mar
500
preferred
Mar
14%
'*
1%
$3
17
•
111
•
preferred
Brazilian
Breeze
Jan
25
1st preferred
$5
Jan
15%
100
Inc
Bowman-Biltmore
1%
10%
12,100
19
131%
Jan
100
..
1,800
1946™
Coke Secur
22%
,"l.
Jan
Feb
peb
Compo Shoe Machinery—
46
147
Jan
21%
•
•
Borne Scrymser Co
Bourjois
.1
117
21%
Feb
peb^
warrants—
Community Public Service
Community Water Service
5%
221/4
4%
•
common
Blue
Jan
119
Electric—
&
16
Mar
Jan
11
1,900
;
9%
100
&
12%
15
Jan
16%
18,900
10
.—25
preference
Commonwealth
16
11
85
6
warrants
Arms
12%
150
1%
21%
2
—:
1
Iron
16
800
14%
•
Airlines
32%
.
Apr
iS Jan
•
common
Consolidated
common
Birdsboro Steel
12 >/4
6,800
9%
•
100
Co
Development ordinary
15%
A
.
9%
«
Illuminating
Co
600
21%
1
;
Corp
Plow
650
115
114,
I
Inc
Mfg
Utensil
6'/4
9
100
common
Convertible
Coal
Aluminum
16%
21
Apr
37
— —
10
Co
Lights
Lambert
Electric
Apr
-c
3
1
10
Hedges
&
8% Mar
100
Ties
common
&
10 Vb
.*
Inc
of
Benson
3%
5
Aircraft
Bellanca
Jan
15 % Feb
Colon
common
1st preferred
Mills
Neon
42%
Mfg—
common
Brummel
Beaunit
Controller
Claude
Jan
Jan
Clinchfield
1
Mar
Feb
250
123 s/8 125
♦
Apr
122
34%
"
19%
•
10%
103/4
...
102
18%
19%
Feb
Jan
225
1V*
•
400
'
112
450
12%
100
100
150
37
1%
1%
</.
117%
B
41
ils-"r ".
Refractories Inc
Beau
12
$
/
12
•
116
100
common.,
preferred
100
11,300
.
Corp
convertible
Baumann
11%
11%
13%
41
Andes—
shares—
Barium
$1.20
12%
41
30
Rubber
de
Banco
Bell
common
4V8 Mar
4,100
Mar
12
25
preferred
Clark
for
preferred
Mar
32
Apr
Feb
Baldwin Locomotive—
77c
21
■
City Auto Stamping
City & Suburban Homes
33
Feb
Apr
23/4 Mar
"
B
•
14%
122 y2
Jan
Apr
4%
/
5
Consolidated
60c
Babcock & Wilcox Co
Jan
Feb
li
Jan
4%
$6 preferred BB
——
12l/4
118
,14,900
'
10
Mining
{Childs Co preferred
-ne
200
122 J/a
■
Mar
1
1
13%
14
.
2%
~
4
6
Feb
1063/4 Mar
5y4
Co common
Chief
Jan
9'%
Jan
Jan
.
Mar
Chicago Rivet & Mach
Jan
7%
104 V2
.
30 y2
Feb
5%
10%
"•
200
25
25
X106
Apr
Jan
300
12
100
Feb
22
18y2
5%
5%
1,700
Feb
10%
400
Apr
12
8%
1063/4
19%
26% Mar
26
20%
•
_5
8%
Jan
Jan
7% Mar
22
Jan
Voting
14%
3,500
..
26
Mar
Automatic
8'%
100
29
17 V*
13
16
8
76
Feb
300
Mar
303/4
12%
4,900
Jan
10
Apr
Feb
13%
1,000
Jan
Apr.:
10%
20'A
8V2
__
65
600
13%
114% Mar
22
121/4
191/4
115
520
11%
13%
f
'265
Cherry-Burrell common
Chesebrough Mfg
Chicago Flexible Shaft Co
20
■
693/4
Jan
1
Mar
Feb
Feb
26
23/a
1
46 y2
42%
112
65
3,200
Corp
Mar
22
2%
Feb
15
67%
2%
3
Jan
26
100
common
oory
Feb
Mar
100
;
Chamberlin Co of America
Omuis
106%
1
pfd
—
ser
Feb
Feb
30
112 V2 Mar
105
...10
k
•18%
24
153/4
15%
8%
pxd
Utilities
div
n>/4
'
..1
3%
Jan
Marl
12
.*>■».>
u
-
Jan
•
28
,...
-
!
100
b%
Proaucts
Light
West
pfd opt
83 % Mar
Jan
'
&
South
Conv
Jan
46 %
4b %
113% 1133/4
*i%
com
pfd
Power
Feb
Apr
[
16 %
-,-t
....
•
1%
..:;
375
•
'mh*
.
..1
ser
58%
■'*
-
4,900
.....
.1
10
div
17
2%
18 V*
18
113% 113%
Co
Steel
100
5%
~1
pfd opt
~7%
Products
Ayrshire Collieries Corp
Jan
5%
26
inn
com
Conv
125
Automatic
—
6%
_*
l7/a Mar
5,100
;• 75
74
2%
Machine
Jan
•
Cessna Aircraft
~7% ~8%
7%
75
5
Avery (B F) & Sons common
6% preferred—
Jan
6
;
§Cent States Elec 6%
9%
1
common
26
•
Power
Power
3,800
8% Jan
V
.
;
York
8»A
..
Jan
25
America
Hudson
New
14%
50
8%
Alcohol—
.
of
7%
warrants
Drop Forge
17%
Feb
Feb
Jan
•
&
Corp
Jan
21j/4
♦
Products
Jan
|Apr
8%
20
'
33/4
9% Mar
9'/2
6% Mar
800
Jan
Jan
Foundry Ltd—
Co
14%
—
•
Co
6%
5
common
IV*
Co pfd—100
Fisheries
Atlantic
6%
preferred
7%
.
6%
Carolina Power & Light $7
prefer
3%
110%
•
A
1
«...
Carnation
3% Mar
Jan
6%
2,500
■
2,500
4%
10%
niy8
£1
,
~9%
class
7,800
4
3%
4%;
Jan
Jan
Industries—
dep rects reg
"9%-
voting
Co
14%
Associated Laundries of America
_9%
is y4
Carman
3%
7%
10
preferred
1
Co
-*
1
Industries Ltd—
5
common
Refining
Electric
American
2.50
;
3 y4 Mar
100
Canadian Marconi
.i Mar '
Jan
3
20 V*
preferred.*
Equipment Corp
3% Mar
Jan
£1
preference
Central Maine
Arkansas Power & Light $7
Jan
1%
Class B
dep rets ord reg
Appalachian Elec Pwr 4%%
Argus Inc
2
1,300
Apr
1,000
Class B
-
Apex-Elec Mfg Co common
Arkansas
Jan
4ya
1,400
3
voting
Canadian
18
3%
Ltd
Industrial
.Class A
Jan
i;v.'
Co
Participating
3/a
7,500
"4%
"9%
i
Range Since January 1
Low
High
High
2%
Corp
Insurance
Car
Canadian
r
pfd_
Power
preferred
120%
150
5
common
Low
2%
Estate:
Cement
Jan
Angostura-Wupperman
,
1%
dep rets 5%
Electric
Fire
31
-
43 »/2
127-
Shares
50e
Tungsten
100
5%
•
Anglo-Iranian Oil Co Ltd—
>>.
9,700
13%
10c
Fence
Post
2%
33
.
43 y8
13%,
2
$6
Anchor
2%
33
_10
common
Superpower
1st
2%
_•
American
Amer
1
Meter Co
American
,
Co
for Week
50e
certificates
Sugar
Canada
American
Range
of Prices
Wireless—
51
.
Products common
trust
&
25%
150
.
Jan
Cable Electric
Cables
17%
200
57
Mar
32%
8,300
26 :v;
57
Sales
Last
Par
Feb
100
21
Week's
Friday
Sale Price
Exchange
Feb
Jan
20
34
Curb
Feb
8i/a
.25%
100
113%
York
Feb
41V2
49%
19%
Jan
New
20% Mar
34%
50
33%
20
American
Jan
Jan
300
43
20
1
25
17%
31
100
9'A
42%
49%
1
Rubber Co
6%
9'/a
10c
common
preferred
$2.50 convertible preferred
American
112% 112%
-100
General
convertible
EXCHANGE
Jan
48%
Jan
4
350
10
common
Electric
preferred
American
$2
&
&
10
common
Foreign Power
CURB
New York 5, N. Y.
STOCKS
American
YORK
NEW
30 Pine Street
Class B
American
request
on
r
,
Feb
110
13%
Mfg
46%
Convertible
Class
1%
Jan
Long Dividend Records
Feb
26
with
Feb
21
49
Co—
List of
New York Curb Exchange Common Stocks
-
42i/4 Mar
117
"
Jan
108
American
13
High
700
Co common
Aluminum Co
Aluminum
Low
327a
31
common
APRIL
Range Since January 1
,
Hijh
31 %
(Mich)_
EXCHANGE
ENDING
for Week
Low
Allied
WEEK
Sales
of Prices
Sale Price
FOR
1681
18
Jan
Feb
4% Mar
2L50
12
(Mo)
12
50
6%
Jan
10%
Jan
13%
Feb
Feb
Feb
Mar
Feb
D
Apr
Hosiery Mills
Rubber Mfg
Jan
Davenport
Feb
Dayton
Mar
Class
A
convertible
31
Jan
31%
900
22%
Jan
29
10
35%
Feb
40 y2 Mar
•
1
35
26%
X26
37
26%
37
THE
COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 16, 1945
NEW YORK CURB EXCHANGE
RANGE FOR
of Price*
Sale Price
Low
Par
i
8
Mig class A common
utunison
7%
7%
—50
$6 prior preferred—
debenture--—
8%
84
-100
140
—
uasKet
6%
Mlg
.
Feb
40
82
Apr
92
Feb
140
Apr
140
Apr
Hazeltlne
1,500
9
Jan
11%
Jan
Hearn
Jan
18%
Apr
; Apr
21%
Jan
9%
5%
18%
100
16
21%
100
21
.
8
Apr
Jan
Apr
9%
Jan
Jan
27
Jan
34% Mar
253/4
Jan
26%
Feb
10%
Feb
11%
Apr
1%
1%
6,700
6%
6%
3,700
5'%
31%
31%
400
common
22
22
22
100
18
Jan
22
Diana Stores Corp——
18%
183/8
18%
300
133/4
Jan
Heller
Co
Apr
_1
13%
11%
27
200
29
Feb
Chemical Ltd—
Ltd———
75%
44
93
lio
75%
44
'75%
Corp.
Driver Karris Co—
Duke Power Co.
Durham Hosiery class B common.
Draper
74
93
50
Jan
84
Apr
Hormel {Geo A)
Feb
Horn
(A C)
&
Feb
Jan
5%
-l
Duro Test Corp common
Jan
93
Apr
100
8% Mar
10
Jan
Hummel-Ross
3 3/»
4
Feb
•Hussmann
Feb
Huyler's common
1st preferred
Hydro Electric Securities
14%
11% Jan
Sulphur
Jan
—
51
50%
20
11%
11%
3,500
8% Jan
25
550
20% Mar
25
Jan
14% Jan
15
Jan
11
Jan
13
Mar
Jan
106
Mar
105%
70
~6%
~6%
100
203/4'
20%
21
600
21
21
21%
38 %
40
1,600
10
10%
3,100
15%
50
105
105
86
17
55
Fibre
Ligonier
Corp
Co
37% Mar
l3/a
Jan
2
48% Mar
58
1,100
$7
51%
50%
51%
425
(6
50%
493/4
503/4
375
41%
41%
42:)/4
810
93/4
9%
Electric Bond
$5
$6
57
98%
99%
90
Jan
Feb
8
Jan
11%
Jan
20% Mar
140,200
9%
12%
Jan
951/4
Jan
94
Feb
100
Mar
973/8
Jan
Jan
37%
37%
:
/
3,000
15
Jan
25%
Feb
1,350
49
Jan
70
Feb
-60
Eureka Fipe Line common—
1
Eversharp Inc common—
105%
'
11%
11%
2%
37,900
8%
■'
51
53
1,800
105%
Jan
7%
Jan
of North
Co
International
Feb
International Hydro Electric—-
47%
Feb
29%
Preferred
1
1
1
Fansteel Metallurgical—
•
Fodders Mfg Co
—-6
Federal Compress & Warehouse Co—28
Fire Association (Phila)
10
Ford Motor Co Ltd—
Am dep rets ord Teg-
12%
1,900
3%
3%
7,500
16%
12
16%
300
11%
3%
Brewing-
443/4
443/4
46 3/4
15
13%
15
,
Jan
International
Feb
72
1,100
4,900
Warrants
Metal Industries
„
24
24%
mmm
24%
Class B voting
rets bearer
{Peter) Brewing new
Franklin Co Distilling
Froedtert
1
1
Grain ft Malt common—1
—
—
Co——————————1
Fuller (Geo A)
Jan
38%
Feb
52%
Jan
9%
Jan
15
Feb
75
Jan
■
22%
Jan
24% Mar
22 %
Jan
25% Mar
--
300
5%
700
30
5
Jan
Mar
7
Jan
Feb
34
5% Mar
29
Jan
4%
4%
3%
Jan
12%
12%
13
900
12%
Apr
13% Mar
18
18
18%
500
17 5/a
Jan
19%
22%
22
22%
450
17%
Jan
23
4%
1,700
4%
Apr
"
Petroleum
coupon
shs—•
shares
•
10
Products
Safety
International
Utilities
5%
preferred—
66
10
553/4
Jan
66
Apr
90
10
77
Jan
92
Mar
Razor B
Corp
16%
...1
•
General
Alloys Co.
—
3%
700
2%
2%
Jacobs
Co
(F L)
—
6%
preferred
7%
,—
20%
20%
20%
preferred
98
98
~3% "3%
(3
300
4% Mar
Gilbert
(AC)
1%
Jan
3%
Feb
16%
Jan
Gilchrist
Klein
(D
Co
Kleinert
Knott Corp common
Feb
Kobacker
Jan
Kresge Dept Stores—
4% convertible 1st preferred
Jan
23%
Jan
Jan
2%
400
Jan
•
Coal—
Gobel (Adolf)
Inc common—.
Godchaux Sugars
25
500
class A
-
1
•
—
—
20
19%
2,800
20
4%
700
59%
50
19%
pfeferrprt
4%
59%
4%
20
$7
50
92
Jan
13%
52
Jan
Jan
145
104%
Feb
100
.
Mar
2%
103
2%
.
Apr
53
Mar
112%
Jan
Jan
110
Jan
Jan
20
19%
Feb
Consolidated
Goodman
—1
Mfg Co
Mines
%
%
%
50
Gorham Inc class A
*
—
11%
Kreuger
13
Jan
24
Jan
109
Jan
113
Jan
4,900
11%
100
46%
8
Stores
Brewing
11
11%
97%
99
Great Northern Paper.
Products
12%
11%
12%
1,300
25o
common
Gulf State Utilities $4.40 pfd
Gypsum Lime ft Alabastine.—
100
113
—
114
30
Feb
Hamilton
Bridge Co
,,
For footnotes
see
page
1685.
Jan
Mar
3
'65
Jan
96
Mar
2%
Feb
Jan
19% Mar
22%
Feb
19
31%
Feb
20%
20%
20%
3,900
18%
Jan
22
20%
20%
1,000
19 Va
Jan
21% Mar
Jan
22
20% Feb
—
~9%
9
29%
28
30
52%
53
9% Jan
800
150
10
Mar
1
%
13
3%
Jan
Feb
Mar
Jan
Feb
23
Jan
30
51%
Jan
53% Mar
Apr
1%
Jan
1%
Feb
2,700
17%
Jan
29%
Apr
500
29%
22%
14%
Mar
2%
1,600
%
Jan
1%
Feb
„
V—'
28
9
1,200
2%
2%
21%
22%
550
9%
9%
300
3%
3%
2,600
r
53%
11,700
^ 5
11%
;v
;
19
Jan
23% Mar
9% Jan
10% Feb
" 4% Mar
1
Jan
4
Jan
.
5%
Apr
l65"105%
275
108% 110%
150
110% lll3/4
100
11'/4
Jan
12% Mar
43/4
2,800
12
j- ■;
—
'
Jan
6% Feb
104
Jan
107 %
Feb
108
Jan
110%
Apr
114
Feb
22
Feb
Feb
118
Jan
xl08% Mar
116%
14%
143%
300
13
32%
33'%
800
28% Mar
9
Jan
12
Feb
18
Apr
25%
Jan
15% Mar
33%
Apr
18
19%
400
61%
61%
61%
20
52%
Jan
63
Feb
51%
51 %
10
4334
Jan
52
Mar
4%
5,500
33%
Jan
~4%
7%
7
1
1
4
5%
Feb
7%
500
'.U
9%
Jan
U
Jan
1 %
Mar
15%
i't
Jan
17%
Feb
Mar
17%
Jan
173/4
Jan
7
1,700
Apr
17
14% Mar
180
62
•
9%
9
—
300
48
Mar
62
Apr
99
57
Jan
100
Jan
9
Jan
11-%
Feb
40
58
73
Jan
Mar
70%
70%
70%
160
57%
Jan
72% Mar
20%
4.200
15 %
Jan
22% Mar
4%
4 3/4
1,300
3%
Jan
9%
9%
400
65%
Jan
14%
15%
400
19%
4%
Class
15%
4
Oil
Le Tourneau
55
preferred
Convertible
Leonard
Feb
17
28
57
r
100
Feb
7%
Jan
62%
Mar
iMar
48
Feb
Feb
7%
Jan
Loblaw. Groceterias
;
Class
28%
Feb
35%
Feb
200
-■13%
Feb
14%
Jan
16%
17%
700
14
Jan
19
Feb
27%
Feb
30 %
Apr
"3%
/'/
-
2%
200
14 Va
"3%
2,000
2%
Jan
4%
1%
-8
.10
Corp
Jan
34
14" *
1%
—
—:—
l3/8
33%
Development
(R G) Inc
Line Material Co—
Lionel
Jan
6% Mar
Lefcourt Realty common
/
5%
11% Mar
13% Mar
25%
B
Feb
9%
Jan
18
Langendorf United Bakeries class
l3/«
6,300
.29
;•
3%
•
A
24
Jan
Feb
Mar
24
Mar
Jan
*
Feb
'
"a
10%
Apr
15%
Jan
Locke Steel Chain—
86
Jan
103%
Feb
Lone Star Gas Corp common.
Louisiana Land ft Exploration
Feb
Louisiana Power & Light $6
38%
Feb
Lynch Corp
10 3/i Mar
14%
10
.10
9%
Feb
19%
n%
12
8%
9%
112
' 112
100
18%
Jan
22
5.900
19%
11%
10%
Jan
12%
3,500
8% Jan
40
110
Feb
100
32
Jan
Feb
11% Feb
112
Mar
Feb
Jan
Jan
1103/4 Jan
Feb
140
common
9% Jan
—
,
9%
Feb
12% Feb
33%
1-
—_—__
34
"*
.r'
36 % Mar
M
Manati Sugar
optional warrants———*
convertible
Marconi
—.—.—1
———
(The B)
2%
21
2%
20%
23/a
21
700
400
2 Ve Mar
14%
Jan
Co
Mfg Co
3
Jan
Mar
Mar
18
Mar
Jan
38
Mar
Jan
17
:•
33
•
22% Mar
135
104
:*
preferred
Internat Marine
Co
Jan
31*3/4
Feb
Margay Oil Corp
53% Jan
55%
Jan
Marion Steam Shovel
27%
pfd—.
114% Mar
Communication
Paper
—.——10
Hartford Electric Light—
■
28
3
1,200
—
50
Jan
Ltd-.
Hammermlll
2% Mar
55% Mar
2,300
110
Lane Wells Co common
Manischewitz
1,200
Feb
preferred
Mapes Consolidated
11%
Feb
71
70
Lipton (Thos J) Inc 6% preferred-
1
H
10%
.
Jan
12
—
20%
Lit Brothers common—
8
11%.
Feb
68
11%
27%
105%
Lakey Foundry ft Machine
Corp of Delaware
$5
Lamp Co——
Jan
Jan
85
'
350
--
--
.
—
...
50
...
.100
Lamson
Mangel Stores
HaU
115%
,
Mar
'
Feb
7%
-•
27%
Jan
12
70%
50
135
—28
—
—
I100
(N J)
35% Mar
100
Greenfield Tap ft Die-;
Grocery Stores
200
—
93
of
IS3/* Mar
1,100
11%
98%
64
Great Atlantic ft Pacific Tea—
Non-voting common stock.
1%
1st preferred
12
25
5%
deposit
Lake Shore Mines Ltd...
Certificates
7% Jan
7% Mar
Mgr
13% Mar
L
RR
Lackawanna
393/4 Feb
39% Jan
14
;
27'/;
11%
-1
Co
Feb
150
26%
200
58
—
Jan /■
Jan
52
2%
"
.
6% Mar
Jan
xll3 % Mar
.100
Jan
200
2%
58
«
Inc
%
8%
47
Feb
11
79
1
393/4
Jan
17%
■
Feb
43/4 Mar
10
47
8%
21%
———
Jan
—
II
3% Mar
-
483/4
$3
preferred
—•
Gorham Mfg common————•—10
Grand Rapids Varnish—
Gray Mfg CO—
153/4 Mar
—w
Jan
900
110% 110%
Goldfield
Jan
Apr
57%
92%
Mar
19%
Jan
17%
Apr
17%
12%
■
Mar
15
123/4
Apr
56
.113/4
62%
Feb
4
111%
—
.
,
IIIo
(I B) Rubber Co
Feb
Feb
Jan
19%
Jan
Mar
13%-Mar
,
1
7%
84
Jan
15
200
-•
common
9
101
14"%
.
62%
—3
G M Co Ltd
Emil)
Lane Bryant 1%
•
—*
Co
Gladding McBean ft Co
Alden
153/4
Apr
53
-
1,700 /
.
27%
1
Feb
18%
."4.-
27 %.
.100
Apr
110
15
Feb
16%
.100
pfd B
6%
•
Preferred
Glen
52%
112% 112%
—
common
52%
Feb
31%
1—5
5% preferred D
Kingston Products
Kliby Petroleum
10
—
-
43/4
/
Mar
6% Jan
12:
•
Co
88% Mar
Jan
180
101% 103
1
_•
•
——•
•
preferred—
Geoigia Power $6 preferred—
$5 preferred
Jan
Feb
143% Mar
550
*
&
Jan
1,300
,
13
:
*
Gen Water Gas b Electric common
3%
Feb
83/4 Mar
14%
Jan
K
Inc
Jan
1%
"3%
50
/
>■
12
preferred- .100
—8
:
Kansas Gas ft Elec 1%
Kennedy's
33/8
80
103% 1033/4
Mar
28
1,000
Julian ft Kokenge Co
87%
132
98
12%
12
1
-100
8%
6%
Jan
Jan
213/4 Feb
Jersey Central Pwr ft Lt 5%% pfd.
"
Kirkland Lake
6%
34
113
73% Mar
12,500
15%
—
_•
Jeannette Glass Co
Kings CO Lighting 7%
1,300
Amer dep rets
~6%
15 '
1
Jacobs Aircraft Engine Co—
16% Jan
—
3%
2%
Feb
43
10%
'
11,800
19%
17%
•
15
com
preferred #£
;
50
Home Equipment
1
Interstate Power $7 preferred
-•
Investors
Royalty.!
1,
Iron Fireman Mfg voting trust ctfs—•1
Irving Air Chute-1
Italian Superpower A
*
10% Mar
Gen Electric Co Ltd—
JE1
ord reg
General Finance Corp common
1
5% preferred series A
—10
General Fireproofing common
•
Gen Gas b Elee $6 preferred B——*
General Outdoor Adv 8% pfd
—
100
■General Public Service $6 preferred—*
'General Rayon Co A stock—
•
General Shareholdings Corp com——1
$6 convertible preferred
•
Feb
28% Feb
1,100
56
$3.50
Jan
9%
—100
-
Gellman Mfg Co common
11
Jan
150
55%
Mar
66
*
common
Jan
Jan
Mar
1,200
..
17
Interstate
Key Co common
Kidde
(Walter)
Power Co
4
283/4
•
amm——m—
Ken-Fad Tube ft Lamp A
Gatineau
40%
Feb
90
convertible preferred——100
Mar
6% Mar
1,000
3"%
5%
29%
66
$3 conv stock
4%
Jan
17%
53/4 Jan
—
1
1.28
Port Pitt Brewing Co—
Fox
Stores
Feb
4%
Apr
65% Jan
Ford Motor of France—
Franklin
13%
Apr
'V
Class A non-voting-—
dep
Apr
3'/a
60
6%
Ford Motor of Canada^—
Amer
11%
A
—
-
International
1,400
/■ 72
6%
Feb
15%
International Minerals and Chemicals-
Jan
9%
46% Jan
16
50
32%
i
"1
Feb
18%
Jan
.
series—
54
Apr
International
Falrchfld Camera ft Inst Co
200
16%
_•
Cigar Machine
$3.50
International
Falstaff
11%
Jan
30 % Jan
600
55%
10
America
Feb
Registered
Fairchild Engine b Airplane
Jan
110
1,600
7%
14%
3%
100
preferred
2%
12
73/4 Mar
200
——
53
43
225
46
8%
.8
r
463/4
28%
1
Common
Insurance
Jan
1%
1
common
c
Jan
Jan
11
100
1%
*»«■»
Feb
23
7%
£1
Industrial Finance v t
65%
—1
Esquire Inc
Ireland
Feb
233/4
45%
Apr
37
.
Feb
'
40
»
40%
_■..
22% Mar
Jan
9%
—
14%
_•
Co
Chemical Industries—
14
37%
46
Zinc
ctfs
Jan
21
—1
arrear
Jan
36%
2%
.
45%
45%
:> 7%
19%
11%
59%
.100
Jan
14%
——
£1
•
Registered
•
Imperial Tobacco of Canada
-8
Imperial Tobacco of Great Britain ft
Apr
23%
—8
23%
19 3%
450
x32 %
.
17%
35%
f<s Jan
4,900
64
.100
pfd—
Derrick ft Equipment
Equity Corp cominon
$3 convertible preferred
Jan
33
i.
110
373/4
32
50
—
100
%
425
37%
Jan
18%
500
16%
14
14
Jan
9
v
—
Am dep rets regis—r.
Imperial Oil (Can) coupon
943/4 Mar
—50
conv
Illinois
,
1017/« Mar
70
1,300
400
%
18
Mar-
53% Jan
8
153%
Indianapolis P & L 5% % preferred. 100
Indiana Service 6% preferred
100
7%
preferred
100
%
%
Feb
14
10%
common.
preferred
conv
Imperial
97
94
5%
Dividend
Feb
473/4
-10
common
preferred
Empire District Electric 5%
Emsco
12%
963/8
99%
Light 2d pfd A—
Option warrants..
.1
AICV b
I cap ww
w***—— ■ in,
Electrographic Corp.
—18
Elgin National Watch Co
——,
Co
48 % Mar
500
10%
97
Illinois Power Co
.
Feb
39% Jan
1,600
12%
& Share common
Electric Power ft
51/2%
Feb
17
preferred—
preferred--.
Elliott
Jan
a
Eastern .Sugar
10
Apr
Feb
Jan
1%
preferred series A
preferred aeries B
Associates—
$5 preferred
—
Easy Washing Machine B
Economy Grocery Stores
1
12%
Apr
Feb
"1%
•
Corp
Eastern States
103%
50 %
Apr
Feb
46%
51%
28
Eastern Malleable Iron
3%
78%
1,600
86
50%
.
2%
475
3%
83
86
-100
-
6,500
33 %
2%
-•
-100
prior preferred
preferred——
4 %%
6%
8% Mar
23
flygrade Food Products
East Gas ft Fuel Assoo common.
Feb
36% Jan
U%
100
5
•
5
—*
1
1
Hubbell (Harvey) Inc
Humble Oil ft Refining
100
Jan
48%
83/4
30% Mar
25
•
Hardart
preferred
8%
-
50%
4% Mar
Jan
•
1
*
Co common
Horn ft Hardart Baking Co
3%
25
■6%
8
*
M
& Co common
3%
93
800
10
8%
_«
7%
*
50
>
73/,
2.60
Inc
Horder's
82%
Apr
38%
200
100
7%
8
ft Co class A
7%
6% Mar
Jan
4%
31%
•
common
Feb
27
7
4%
100
Holllnger Consolidated G
Holophane Co common
Mar
53/4
Jan
253/1 Mar
25
27
27
Ltd
Dominion Textile Co
Duval Texas
14%
Jan
4%
900
4%
Jan
31%
—1
Horn
~4%
A corn-
4%
Dominion Steel & Coal B—.
Dominion Tar de
Jan
20
1,000
13%
26%
13%
-1
Domestic Industries class
Dominion Bridge Co
preferred w w
(R)
High
2% Mar
13% Jan
4
3
common
Hewitt Rubber
Hoe
100
*
Co
5%%
3,100
31%
*
Heyden Chemical common
common
Low
2%
2Va
80
25o
Common
_£1
rets ord reg_.
Corporation
Range Since January 1
High
8
common
Henry Holt ft Co participating A
Distillers Co Ltd—
Am dep
Low
1
X
Class A
20% Mar
Dobeckmun
Shares
•
Helena Rubinstein
7% Mar
1%'
ctfs
Corp
Dept Stores
6% preferred
Hecia Mining Co
2% Mar
1% preferred—.
Diamond Shoe common.
Divco
for Week
Hat Corp of America B non-vot com—1
10
1%
Detroit Steel Products
De Viibiss Co
900
Sales
Range
of Prices
/'<•
Par
.:
7%
7%
6%
Iron Foundry
Detroit Mich* Stove Co common—..
Detroit Gray
Last
Hartford Rayon voting trust
Harvard Brewing Co
400
8
18%
preferred
Week's
Friday
Exchange
Sale Price
High
Low
21
ft
Detroit
Curb
York
Range Since January 1
Shares
High
140
9%
Derby Oil ft Bef Corp
New
84%
7%
-50e
Dejay Stores new common-*
STOCKS o.i'
for Week
Range
Last
Curb Exchange
fc'.
13
Sales
Week's
Friday
STOCKS
York
New
APRIL
WEEK ENDING
Ltd-
;
6
£1
-
•
25%
*
83/4
29
8%
800
100
^
22
8%
Jan
Mar
Jan
6 3/4
29
Feb
Mar
11% Mar
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
161
1683
NEW YORK CURB EXCHANGE
.
Friday
STOCKS»
Exchange
Range
of Prices
Low
Par
1%
Mass Utilities Association v t c—
Harris
Massey
McCord
Co 6%
•
Johnson
*
8 y4
-a%'
9
\
14%
:
15
~~
15%
5
Chapman
&
1
Messabi Iron Co
Metal Textile
preferred
Participating
Michigan
15
1
2.50
•
.
Bumper Corp—
Steel Tube
Preferred
Micromatic Hone Corp.
Middle States Petroleum class A
Class
B
v
v t
common—
Midland Oil Corp $2
■^.X
$2 non-cum dividend
8%
: 1%
9%
1
c.l
17'A
i7y2
18
!6.
Midwest
Oil
Midwest
Piping
Co—
9
Minnesota
Pwr
pfd
& Light 7%
Montana
Mountain
Producers
Mountain
States
Power
Muskogee
Co
common
preferred
6%
10
%I
Corp
preferred
Ltd
National Transit
12.50
Radio
preferred
Feb
7%
25%,
8%
800
7% Jan
8% Feb
.ft
•
(
100
Feb
3% Jan
1,200
8'/2
Jan
10% Mar.
Jan
34
Y Power &
Y
Land
Jan
Jan
111
Mar
Jan
116
Feb
150
600
13
Jan
Apr
Jan
.
17 V2
xl4%
Feb
9'A
Apr
2,600
3
Feb
2%
liy4 Mar
3V'2
Jan
10 %
100
100
Jan
2% Mar
11
Feb
shares
1
Y State Electric & Gas $5.10
N
Y
100
B
Producers
81/8
Apr
26% Mar
Feb
134
Jan
23
16
17%
Feb
89
Jan
92%
Apr
400
19%
Mar
...
Feb
9,600
Mar
24
Jan
2 JA
Jan
19
$6
43i/4
Jan
59%
151/4
Jan
20 % Mar
Jan
12%
Feb
8%
Feb
9%
16%
141/2
Jan
11
Jan
Jan
22%
Jan
26 y8
Jan
12
26%
Ci
1,600
108
11%
Apr
14%': Mar '
100
1%
Jan
2% Mar
5%
400
130
Northeast
5 % Mar
Jan
107
Jan
■
6% Jan
47
Jan
Mar
109
300
91/3
Apr
l"l"%
Mar
Utility Securities
1%
10,100
31
Jan
13%
400
ft
5,600
%
1,500
10%
8%
Jan
30
11
8%
51
Jan
12
,
10
108
161/8
Mar
14%: Feb
Jan
% Jan
/ Feb
9%' Feb
Jan
109% Feb
Jan
115
Feb
107
250
400
18%
16% Jan
Feb
110%
Jan
16% Jan
18% Feb
17
Feb
14
18
17%
Jan
Mar
-
63
Mar
2% Mar
Mar
40
x5
30%l5i
Mar
Jan
3%
Feb
Feb
40% Mar
6%
22
150
117
Feb
Apr
19 ft3
19
300
19%
Jan
17
20
107%
Jan
110
73%v75 %
310
64%
Jan
78
5
Apr
5
76,000
31/4
Jan
94%«*B6
1,800
891/2
Jan
41/4
88
10
88
f
1,400
5,700
2%
2%^
20 VeuX&O %
29% Feb
Raytheon Manufacturing common—500
1
1%
1%
1%
8,700
1% Mar
Reed Roller Bit Co
4
1,500
3,900
57,100
127
126
1%
1%
Cable
Root
pfd p
Petroleum
United Filters B
82
Jan
6% Mar
91%
Feb
ft Feb
8%
Jan
OTA
550
Jan
171/8
Feb
13%
Jan
13%
Jan
2%
Apr
19% Mar
23%
Jan
4!/a
Apr
2
iy8
121
Jan
Mar
8t
130
Jan
Lawrence Con.
Class
97% Mar
St
1% Feb
xl06ya Feb
108% Feb
-
12
Jan
14
17
Apr
22%
5%
3%
500
2% Jan
4%. Feb
6%
7
500
6% Mar
8% Mar
3
—
I
6%
10
20
20%
1,600
n
11
11
100
•
500
iy4
5%
12
37
16%
7'A
7%f
31%
Feb
22%
Jan
19% Mar
Mar
121/4 Mar
11
7%
2,000
7%
400
7
3%
3%
400
3% Mar
17%
17%
18%
275
16% Jan
5
6'/b
5%
61/e
5% Mar
5% Mar
Jan
40y4 Mar
Jan
Jan
30
.
7%
1,600
11% Mar
ft£ 31%
700
7
26'/8
9%
10%
6%
10 '/a
..1
6%
300
Co
5
3%
3%
common
•
29%
27%
1
3%
3%
(D
A)
Convertible
Scovill
common
....
preferred
Scranton
Elec
$6
—25
pfd
3%
1,400
500
6,400
83%
.25
Manufacturing
3%
30
36
84 L'
150
36
36
800
—*
....
Scranton Spring Brook Water Service—
preferred—
Steel Co
—•
—
13%
Jan
99%
Apr
Jan
Jan
17%
Feb
9i/4 Mar
32
Mar
4%
5,000
4%
Apr
5% Mar
300
22%
Jan
400
114%
Jan
117%
III
88%
Jan
100% Mar
500
10%
Jan
14% r°!b
4% Mar
2%
19%
III
2
2%
2%
3,800
10%
10%
19%
500
19%
1%
2
250
13,900
$5.50 prior stock
Allotment certificates
—
18'/4
.25
16
18%
2,700
84%
85%
150
86
..5
Convertible stock—
(R
B)
Hi
Inc
86
14%
15%
11/8
1%
116
Jan
119% Mar
111% 111%
30
111
Jan
1151/2 Mar
Sherwin-Williams
~
500
293/a
Jan
35
Apr
6%
,250
14%
15
500
6
Jan
7
Mar
9%
6%
—
2
Feb
Jan
Jan
10
Shattuck
10%
Jan
16JA Mar
Denn
Deposit
1%
$3
common
3% Mar
Co
common
—
12
21% Mar
1% Jan
Jan
12
82% Mar
2V4
Feb
14%
Jan
17
40
40%
1,500
38
Jan
40% Feb
36
36%
400
36
Jan
37
Jan
107% lb8%
80
107
Jan
109
jPeb
convertible
83%
Jan
89% Feb
14%
Apr
Jan
15%
1%
Apr
Feb
61/4
Jan
...5
123
3%
U
11% Mar
10%
500
10 Ya
Jan
3%
3%
700
3%
Jan
15%
300
15%
Apr
16%
Jan
Jan
113 V*
113%
Apr
110
1131/2
700
102%
110
100
13
13
100
III
common
.100
Feb
113»/2
Apr
Apr
Apr
rets ord regis..
—
£1
279
289
70
20 Ya
12% Mar
16
Jan
Jan
36
Mar
3% Mar
286
112% Jan
Jan
32
Manufacturing Co
Singer Manufacturing Co Ltd—
Jan
111% Mar
20 Ya
II*
——
Jan
5
21%
20%
113% 113%
•
Singer
Amer dep
Mar
50
preferred
Simplicity Pattern
Feb
18% Feb
89
1,500
1,100
.100
Ltd
common
Feb
Jan
Jan
9"%
19
15%
—
receipts
Breweries
Sick's
Feb
5% Mar
15
.1
5% cum pfd series AAA
Sherwin-Williams of Canada
Jan
\
5% Jan
47
10%
140
35
-1
Seton Leather common
117% 117%
Jan
Mar
38% Feb
113% Feb
300
42V4
Segal Lock & Hardware..
Seiberling Rubber common
Selby Shoe Co—
Selected Industries Inc common
100
34%
85
-
27% Mar
26
116%
Jan
34% Mar
41/4 Mar
121/s
Seeman Bros Inc
Safety Control.
Serrick Corp class B
4%
701/2
^
Jan
.
gentry
26 ft
30
Jan
3ya
Feb
4%, Feb
Apr
3y4 Jan
22
Feb
10% Jan
81/4 Feb
8% Jan
95%
-1
Securities Corp General
Semler
"I'
7
95
.
i
3% FeB
20 Ya
12
95%
•
common
Mining
Shawinigfin Water & Power
107%
Jan
4% Feb
Jan
111% Mar
1% Feb
7% Mar
___1
Corp common.
-4,900
33,100
Simmons-Boardman Publications—
1685.
9
Apr
2%
•
Oil Co.
United
Schulte
Bilex
page
10% Jan
6% Jan
7
7%
3%
50
Wd
prei
116%
40'A
Feb
18%
"71/4
1
*
1
Jan
18%
20%
•
2%
•
18% Mar
18% Feb
20
Co
Scullin
& Elec 6% 1st
pfd—25
5%%
1st
preferred.
25
Pacific Lighting $5 preferred!"!
Mar
50
1,000
Oil
Savoy
Schiff
Mar
1
Pacific Gas
Feb
5% Mar
14
Paper common—
Salt Dome
Samson
56
Jan
$2 conv
A
Regis
53
15
1%
Jan
17%
Ryan Aeronautical Co
Ryan Consolidated Petroleum.
Ryerson & Haynes common
$6
1
Mar
% Jan
3%
9,200
50
25
Jan
% Jan
3,500
2,400
*-
9% Mar
7% Jan
14
$1.20 convertible preferred
Jan
*
Securities
14% Jan
19
Feb
18
17
Co
100
Omar Inc
1,300
Feb
26% Mar
Jan
•
Rotary Electric Steel Co
40
35
107% 108%
100
10,200
24
2%
—5
Corp common
Roosevelt Field Inc
36% Feb
15
8%
23
4%
35%
_ioo
8
21
1%
500
.
common
8
23
1%
700
4%
1st preferred
100
Jan
55
Feb
O
pfd
400
16
41/8
Rochester Gas Si Elec 6%
52
26
1%
Radiator...
221/2
130
25%
1%
3&wS9 y4
■
1st
1
•
33% Apr
500
16
26
4%
38%&%
26
•
——1
39'A
*
preferred
——
Rio Grande Valley Gas Co v t c—...1
39%
common
Jail
Feb
42% Feb
23% Feb
•
Ogden Corp common.
200
Mar
20%
•
2
1% Jan
*
21% Mar
108%:t08%
75
25
18%
,15% Jan
Jan
Royalite Oil Co Ltd
107%
"
Apr
18% Mar
Russeks Fifth Ave
Jan
50'
9,400
231/8 Mar
Feb
1% Feb
% Jan
6,100
19%
33'/8 Mar
115%
—
1%
54
Apr
30%
1%
X171/8 Xl7i/s"
27
Feb
Jan
105
■:4
ulf
18%
16% Jan
—
11/4
52
70% Mar
—
Mar
14% Feb
25%
Rome
500
.Feb
160
191/4
Roeser & Pendleton Inc
__
Jan
54
26% Mar
;;±
81-
Jan
13
27
25%
1,300
Jan
156
35
,Ian
->641/4
2%
3
76ya
10
34
Jan
63
64'A
80
78%
160
34
141/2
—
77
160
r
Radlo-Kelth-Orpheum option warrant!.
Railway & Light Securities
)
Voting common
10
Railway & Utility Investment A———1
Rath Packing Co. common
10
Raymond Concrete Pile common
—*
$3 convertible preferred
•
20%
,|I16%
%
1
Inc
see
Mar
13
14% Jan
*
Richmond
117% Mar
14% Mar
A
Corp
For footnotes
73
108
14,200
108% 109%.
.100
Feb
3,300
Co
Feb
1% ;Mar
Apr
100
15%
16
78%
Quaker Oats common
6%
preferred
Quebec Power Co
IIO1/4
Feb
Apr
161/416%
Pacific Can
Feb
37%
lft Jan
72
.10
330
115
115%
7%
39% Mar
Oliver
600
131/4 Mar
71% Mar
Mar
Overseas
Apr
7% Feb
111%
18'/4
23%
35
Oklahoma Natural Gas
34%
108
109
$5 prior preferred.
Puget Sound Pulp & Timber.
Pyle-National Co common.
Pyrene Manufacturing—
Jan
Jan
,
1,050
Power class
7%
10
—
-
Jan
6
35%|t37%
6%
Common
21'A
63
110% Mar
Service
4%
16%
6% Jan
-100
75
Apr
Public
50
12%,
-100
1st preferred
1st preferred..;
7%
1,000
Jap
Ohio
6%
69%
-^
68
99%
Ohio Power 4%%
17%, Mar
Jan
70
Reliance Electric & Engineering——5
106 y4
B
Jan
Puget Sound Power & Light—
Republic
Feb
10
_
class
6%
8%
14% Mar
125
Co
,Mar
6»/a! Apr
17% Apr
3%
1,900
10%
10%
4,200
Ohio Brass
130
Jan
127/s Jan
5,700
15%
1%
1%
....—
Aviation...
Rice Stix Dry Goods—
Richfield Oil Corp. warrants
5
1
Aircraft
Jan
Public Service of Colorado—
Jan
mua2V4
99%T99%
Northrop
Jan
4
Feb
131/4
%
Jan
108%>i08%
Novadel-Agene
117
100
33%
34%
0,
7%
50
States
1
<
8%
5
Airlines
Northern
1,800
6%
HIIi
100
50
RR Co
1,400
6
14
Prosperity Co class B_
Gas
130
16%
Corp of Nevada
Providence
•
Central Texas Oil
Penn
II
America
1,100
8.%j 8%
Northern Indiana PubServ 5% pfd__l00
Northern Natural Gas
__20
North
of
23<;%j 23%
69%
5
•
common
American
Metals
Red Bank Oil Co
~9%
12Vd 13
13
Apr
"Feb
800
%Jl08 %
~9%l
(
xl7% Mar
2
11%
1
prior preferred
Northern
9%. Mar
161/2
Feb
100
600
5
preferred
North
20% Jan
Jan
'
Feb
16
15%
38
95
common._l
North American Rayon class A__
6%
71% Mar
4%- Jan
Jan
11
5,300
Apr
12% Mar
Mines.—
B
Jan
14% Mar
39% Mar
500
ft Jan
Electric
Class
641/4
100
Jan
3% Mar
3% Feb
2,300
t' 59%
•
North Amer Light St Power
»
Feb
.
10
com..
Nile%-Bement-Pond
Noma
43
560
15%
"4% "4%
4%
•
2%
Jan
Nineteen Hundred Corp B
Nipissing
Feb
70'A
5%
15%
Power Corp of Canada
Jan
warrants
class
x8%
16%
.5
Pressed
Jan
5%*
100
Corp
1,400
125
6
-250
Premier Gold Mining
Prentice-Hall Inc common
Jan
Feb
9 »/e
4
—10
common
Alexander
&
Apr
Jan
2
100
common
preferred
optional
Powdrell
Apr
192%
Jan
Jan
6%
2,000
43
130
Pratt & Lambert Co
18
Ii%£
11%
pfd.100
pfd
2d preferred
B
Scale
Pneumatic
Apr
24 y2
37%
Apr
14,800
3%
15%
1
41
6%
7,900
25%
5%
69
70
25
1%
1,000
Jan
8%
"91/8
.7.50
21
Feb
Apr
177% Mar
Jan
3%
10
Jan
10
.10
N
Class
•
-
500
27
41/4 Feb
68%
4%
5%
l
Polaris Mining Co
Apr
10
3
26
.1
18% Mar
179
700
22
•
Ltd
—50
13
•
Niagara Share
Mines
151%
150
.—50
67'%
13%
25
Light 7% preferred__100
1st
Gold
8
Pittsburgh St Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Plough Inc common
Mar
12
preferred
5%
Pioneer
Piper Aircraft Corp com
Pitney-Bowes Postage Meter
1,000
35
•
Pitts Bess & L E RR.-
60
106%
10
5%
Packing
68%
165 Y2 170
170
25
Co..
Governor common.....i
Pierce
66%
68%
Mar
16%
•
Rosario
Niagara Hudson Power
pfd
3% Feb
114y4
warrants
6%
Phila Electric Power 6%
5% Mar
100
•
common
Water Service
common
Jan
Shipbuilding Corp—
Founders
100
Jan
13%. 13%
1
Co common
Merchandise
$6
Co..
1%
225
•
25
Honduras
Feb
650
•
common
Y
N
100
Clock Co
N
N
Tel
Jersey Zinc
Co
39
Mfg
•
3Ya
2,900
14,200
131
15%;
•
City Omnibus
29% Feb
Jan
2%
2,300
HI 12%
•
preferred
preferred
&
Mar
28 y2
*
5
England Power Associates
Auction
26
425
39% Mar
.
Y
Penn Water & Power Co
Phillips
:
15
•
•
Y
Mar
900
21
2%
•
Y
Mar
;
Feb
192%
-
21 / '
100
Nestle Le Mur Co class A
N
Jan
Jan
32% Mar
16
I
1
Neptune Meter class A
N
112
Jan
3
57
Jan
5
13%
.
22
•
Nehi Corp 1st pfd
Nelson
(Herman) Corp
N
107%
111
30
10
30c
Co
Arizona
100
111,
2.50
50
10
National Tunnel & Mines common.
&
preferred
Penn Traffic Co
Feb
31%
14%
26%
Mexico
113% Mar
31%
92%
•
New Process
2% Feb
Jan
Mar
f
Jan
14/
Sugar Refining
Tea 5%% preferred
New
Jan
109%
1121/4
•
13%
92%
National
Inc
1%
340
2%
•
•
81
51
14%
141/2
13%
Haven
1,000
Feb
Mar
Mar
37
92%
•
•
New Idea
2%
77/a
78
47
Jan
~2>3S ~2%
7% 8VB
1
New
2%
111% 112%
31%i Jan
11% Jan
300
common
New
100
42% Mar
Jan
11
Jan
14%
Rubber Machinery
Tel &
48%
Mar
5% Jan
900
•
Feb
—'A
22. I
Steel
England
481%
40
29
_•
Light $7 preferred
38%
National
New
11,500
1,00a
3%
20%
National
$2
50
6%
11%
'ft 11
12%
6%
40%
12%
•
New
40%
6%
11 y8
— —
•
& Stores common
Union
Mar
U>2
1% Feb
10%
Jan
Jan
9%
-
National Fuel Gas
Oil
Feb
1
11%
14
National
Navarro
•
51
11%
9%i
3%
18%
Nebraska Power 7f$
22
Jan
•
13%.
57
National
Jan
44i/a
1
9%
18%
National
18 >/4
20
Pharis Tire 81 Rubber....
13 %
59%
Car
500
Philadelphia Co
17%
2%
19%
49%
Feb
if J
22
19
49%
Apr
3'/a
11
~~"
»
•
City Lines common
Refining
$6
Apr
19 y4
•
10
50o
Candy Co
National
National
Mar
j
Perfect Circle Co
25
National
Mfg
10
Feb
9%, Feb
45
Pepperell
T
8
*
29
1
& Elec class A com.
&
Jan
•
National Breweries common
7%
Power
33%
19% Mar
65
2%
1
Hess common
Gas
Penn
Jan
200
19
62y*
188
8'/a
45
Apr
13%
Jan
5%
11
•
:
Bellas
National
Peon
Jan
Jan
3%
N
Nachman
Feb
Feb
8%
Mar
15%
5%
—
45
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
•
4
31,800
Feb
100
49%
1
—
50
12'A
Mar
12%
3%*-
3%
Patchogue
Jan
27
5'A
11%
Mar
241/2
900
3
9%
ft
97
1
Parkersburg
Jan
X22% Jan
1,500
35%
2%
3
"3%
•
2%
.—*
100
Ohio Mfg Co
Murray
34
34%
100
Muskegon Piston Ring
5 % Mar
200
Jan
...ft/
*
common
Mountain States Tel & Tel
7% Feb
Jan
12% Mar
10
Investors partic pfd
Mountain City Copper common
Moody
Jan
24%
Jan
1,900
•
•
•
5o
Ward A
Light Heat & Power
Montreal
51/4
110
8»A Mar
18,400
10
Montgomery
17 y4 Mar
Jan
8
1 %
37/B
1
Society A
Dakota Utilities
Loan
Pennroad Corp common
Apr
Jan
8 »A
13%
2.50
1
1
Jan
Jan
113
7
1,100
3%>
•
Mojud Hosiery Co Inc..
Molybdenum Corp
Monogram Pictures common
Feb
Rig St Reel—
Plymouth Mills
Peninsular Telephone common..
$1.40 preferred A
Jan
300
241/4
..10
—
High
110
2,200
12%"
•
•
.100
10C
Mfg
&
Mining
Minnesota
Feb
98% Mar
Low
30
77
—
12
Motors Corp
Range Since January 1
WaK
1%
13%
1
Mississippi River Power 0% pfd
Missouri Public Service common
6
Jan
Jan
Low
111% 112
9%
~~3%
*
Cupply
&
Refineries
Mining Corp of Canada
Monroe
550
16'A
•
Parker Pen Co——
3
200
9
1%
9%
50
10
Paramount
Jan
45
■
•
shares
common—
Feb
3»/2
3'A
■
Abrasive
Mid-West
i
3%
Midland Steel Products—
Midi ale Co
18
155
3%
9,700
__
preferred—*
conv
Jan
Jan
3V2
600
1
Corp
Mar
13 Ya
■,'1,700
*
5
t c_.
West
Mid-West
*S|
10
Michigan Sugar Co
39
'
Shares
_•
-•
preferred
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Apr
100
5%
a*
1st
9
91
•••$'
~E%
t—25o
Corp____
Michigan
Middle
V 15%
41/4
,.3%;
--
—•
1.
for Week
100
Mar
4%
150
15
4'A
—100
$1.30
pfd
Mar
144
Sales
Range
of Prices
Par
Pacific Power .& Light 7 %
Pacific Public Service.;
95
12%
1,800
96
94%
15
Scott
A preferred
6%%
1,000
5'A
96
Warrants
8% Feb
Mar
7%
10
~5y»
•
Merntt
N
152% 152 "A
Mercantile
common
1% Mar
Week's
Last
.High
1
Jan
7% Mar
36% Mar
700
9
'■~h"
Memphis Natural Gas common
Stores
1,100
.
,
•
Co
&
Low
1,000
95
*
$2.50 preferred _—
McWjlliams Dredging
Mead
High
;j73/i
Friday
Sale Price
Exchange
Range Since January 1
pfd—100
!
Corp
STOCKS
New York Curb
Shares
<•
1%
8%
common
McColl-FrontWac Oil
\
.
APRIL IS
for Week
Last
Sale Price
York Corb
New
FOR WEEK ENDING
RANGE
Sales
Week's
2671/2 Mar
4%
Jan
6% Jan
292
Feb
5% Feb
/
THE COMMERCIAL & FINANCIAL CHRONICLE
1684
NEW YORK CURB
FOR
RANGE
Range
Last
Curb Exchange
of Prices
Sale Price
Par
(Howard)
Smith
Airciait
Solar
Manufacturing Co
Corp
Oil
Penn
7%
Spalding
.4%
4
preferred
$1.60 convertible
(Ky)
(Ohio)—5% pfd
Standard Power & Light
Oil
Standard
Standard Oil
Common class B
Stroock
Run
Drue
Rav
Apr
11
Jan
Jan
10%
12% Mar
14%
Jan
56
Feb
Feb
x51%
Apr
Jan
5%
7Op
5
Jan
7
100
5
Jan
6% Feb
1% Feb
19%
4%
200
1%
19%
30
300
4%
22%
19%
4%
20
3%
300
20 %
27%
1,300
22%
34
Jan
ft
Jan
Feb
Feb
5% Mar
Jan
23% Mar
18%
150
%
23%
21
3,100
109% 110
Jan
Mar
17
1,900
30%
18 y4
12
Jan
20%
Apr
Mar
110%
Jan
X109
Waco
Aircraft
Co...
ft
300
13%
800
11%
Jan
iff
%
4,800
%
Jan
1%
Wait.t
&r
Bond
claus
Western
Inc
Willson
C)
3%
3%
3%
600
3%
3%
3%
500
ft
Jan
%
2%
Jan
4%
Wolverine
Portland
&
Hargreaves
13%
54
Apr
Jan
16
Feb
Apr
2%s
Jan
14%
Feb
5%
Jan
6%
Feb
3%
Feb
6%
Feb
Amer
15
350
16%
Feb
Amer
Writing
14
600
2%
2%
>11%
Jan
1%
ft
3
Jan
Toledo
Edison
6%
7%
preferred
Tonopah Mining of Nevada
Trans Lux
Tri-Continental
Trunz
MM
11%
~9
100
11%
11%
900
Feb
13
6
Jan
Jan
mmm
MMM
Jan
5
~9
8% Mar
Jan
Jan
6
6%
10%
Feb
10%
8% Mar
•
Jan
12% Feb
Jan
11
'mm
313
3%
313
3
8,000
13%
Feb
4&
Jan
Feb
Jan
Apr
Apr
45
Apr
50
Elec
Appalachian
Jan
20
Feb
Gas
29%
27%
2,800
—.
Jan
Jan
29%
25%
7%
Jan
33
10%
11%
100
8
8
L
ft 4%
5%
Feb
9%
;MM
1%
•
78
110
4%
29 ft'
29%
29
37
F-A
36%
34
36%
54
29
36%
101% 101%
55
99
101%
—1977
1955
J-D
1960
M-N
56%
1%
—1998
—
6%s
—1962
Northern
El &
Power
M-N
1948
—————1954
———
1927
7%
1,200
Jan
1%
Feb
Jan
5%
Feb
35%
.V 1
Jan
12
Apr
12%
200
47
58%
105%
83%
75%
77
114
59
M-S
82 %
81
82%
275
168
Jan
8
12% Mar
13
Jan
56%
1%
.
3%s
Feb
1st
Apr
•
Jan
.
series N
ref mtge 3s ser P
mtge 2%s ser Q
Consolidated Gas (Bait City)—
1st ref
-1971
1969
1978
1954
mtge 4%s
Gen
Jan
102% 102%
102%
J-D
M-S
$104
mm
106
mm
104%
103%
105
134
104
105%
46
104%
106%
104% 104%
—
■
102"%
103%
104% 105 %
MM
.
101%
104% 104%
104%
F-A
83
1
mm
>
$103% 106%
A-O
83%
-
40
104%
106%
108
110
(Bait)—
Consol Gas El Lt & Pr
Apr
12
7%
104%
73
A-O
'
3
72%
1969
'
105
102%
77
5s
1%
112%
102%
101
75%
Debenture
4
112%
9
104% 104%
__
A-O
MM
1
10
M-S
1958
5s
175
J-J
5s
Service
121
170
101%
101
101%
J-D
5s
Apr
B—
series
6s
Cities
113%
119%
112% 112%
J-D
1953
1964
5s_
3%s
Gas
112
7
mm
104% 104%
A-O
1970
2%s—
Rys 5s ctfs
Cincinnati St Ry 5%s A
1% Mar
82% Mar
Jan
108
3
112% 112%
119% 120%
$170
175
120
Q-F
Debenture
10,900
2,000
'
107
J108% 110
36%
of Canada—
Feb
12%
...
M-S
1957
101%
M-S
1964
5%s A
116%
7%
«
36%
195
360
476
113%
Jan
'
"7%
35%
10
600
MM
36
deb
71%
5,300
1%
29
Conv
1%
52%
11
Jan
4%
1%
36
111
12%
1% Mar
260
1%
54%
35
Feb
12% Mar
900
4
•
97%
36
107% Mar
1%
110
113% 113%
1%
92%
1952
1955
Jan 1966
1950
900
79%
78
110
30
37
SACentral States Electric 5s
5%
97
36%
Central
Jan
1
96
36%
Edison
%s
126
124
96
34
Canada
A5
123
124
J-J
33%
Feb
Jan
111%
33%
36% Mar
Mar
102
108%
36%
11%
12%
107
100
36%
Jan
65%
110%
105%
A-0
C
111
108
107%
45
1968
Steel 6s
Blckford's Inc
Boston
106%
15
105% 106
—1949
1950
——
series B
5s
series
6
109% 109%
M-S
J-J
F-A
City Elec 3%s
M
1st
106% 106 %
1948
Telephone
5s
30
102% 102%
10
12%
12%
'
103%
102%
Elec Co—
5%s
Jan
Jan
3%
High
102%
J-J
J-J
A-0
3%s
Pow
&
5s
deb
Bethlehem
20% Mar
7% Mar
900
:
9%
61
MM
mm
4%
:
January 1
Low
1
Jan
26
300
3,100
Range Since
Sold
No.
Low
4%s
deb
Jan
118
Jan
Jan
32 %
Bell
Jan
116
MM
Bonds
Friday's
15
deb 5s
AConv
A Debenture
Apr
20% Mar
800
22%
"
or
Bid & Asked
4%s
deb
AConv
11% Mar
5%
200
6
Week's Range
Last
Sale Price
100% 100%
4%s
Elec
lAssoclated
Feb
14%
6%
.
Friday
Interest
110% 111%
25% Mar
12%
1
preferred
11%
J-D
Jan
700
J
5%
125
1961
.-197C
2024
1953
19%
2,900
100
Tung-Sol Lamp Works
500
6s
Paper
550
8%
warrants
7
12
105%
23
19%
1
convertible
•
Appalachian Pow deb 6s
8%
10
15% Mar
106%
Associated
29%
•
Inc
80c
Bs
5 A Chicago
Transwestern Oil Co......
13%■ Jan
J-J
31
—
1
Corp
100
J-J
M-S
13% Mar
21%
1
...
Jan
15
2016
Jan
18%
ft
21
6s_
deb
Jan
400
8%
IIIIlOO
preferred
Feb
15% Mar
10
deos
& Lt
12
..
.......
14"%
200
1960
1970
f
f
23%
29%
ftl
Feb
16%
MM
MM
debs
s
s
Pow
3%s
3%s
1,300
18%
j.
12
16%
MM
1950
12%
6
'
Feb
6%
Exchange
31
10% Mar
•
Apr
19%
11%
1
22
'
35
Feb
Jan
-
12%
•
Jan
19%
1,050
35
MM
MM
receipts
Ltd
29
29%
1
:
Feb
27%
32
MM
debs
f
s
14%
"""
30
Gas & Electric Co.—
American
200
500
.2
8
Jan
Apr
Mar
High
1,100
22
...
29
—
Feb
5%
,1
common.
150
12
2
Curb
Assoc T & T deb
Co
Feb
..
Mar
19
Atlantic
Shovel
135
MM
Period
AConv
Roofing Inc.
Tlshman Realty & Construction
Tobacco Si Allied Stocks.......
Tobacco Product Exports..
^Tobacco Security Trust Co LtdAmer dep rets ord regis
Amer dep recs def reg
Todd Shipyards Corp...
11%
15
MM
•16%
BONDS
York
New
6
13%
100
Tilo
112%
Mar
~7
Jan
5%
375
Thew
Jan
9
MM
33%
6% Feb
Jan
111
MM
20
4%
40
3,900
MM
Cement
deposit
5%
13
18%
Light 1%
•
900
11%
9%
pfd—100
Light 7%
Petroleum
(F W) Ltd
5%
45%
Textron Inc
MM
5%
"£
5%
Jan
112% 112%
1
Woolworth
5%
18%
Texon Oil & Land Co
11
_•
Woodall Industries Inc
American
MM
MM
•
Heating
Inc
Power
Jan
63%
16% Mar
100
17%
15%
•
Mar
•
common B
3% Mar
Jan
Jan
3%
53% Mar
pfd__ IIIIlOO
Feb
24
23%
Jan
10%
17%
common
4
Jan
19%
Feb
129
Jan
61
45%
&
Jan
18
10
Co
Wisconsin
Wright
3
100
1
Oil-O-Matic
Wooaley
200
,__io
&
Products
Winnipeg Elec
Apr
Mar
Mar
3
1st pfd__100
River Oil Corp
Williams
17
Jan
24
1.28
Weyenberg Shoe Mfg
(R
550
13
111
Mar
3
i...- "
Western Tablet & Stationery con
Westmoreland Coal
Williams
107
24
8
Maryland Ry 7%
Wichita
10
10
8
Coke
&
Westmoreland
8% Mar
Jan
1,200
19
MAls
Wentworth Manufacturing
West Texas Utility $6 preferred
Coal
5
1,500
•
;
Va
7%
13
107
12%
107
A
Class B
Wayne *Knitting
West
12%
100
preferred
"
•
Power
High
% Jan
13
105
70
118
115
•
Texas
Low
14% Mar
ft
ft
13%
If
Technicolor Inc
Range Since January 1
High
7%
•
Wagner 3tkin« voting trust ctfs ext..-
AConv
Taggart Corp common
Tampa Electric Co common
Low
% Mar
Jan
11,600
Shares
W
Feb
53
common
"B"
134%
Jan
110
Finch Oil Corp
Class
Swan
Feb
Mar
8%
200
1%
1
Superior Portland Cement—
; $3.30 "A" part
2%
88
5%
1%
•
Co—;
Jan
Jan
5%
*
.
31% Jan
31
5%
•
fl
Machinery
45% Feb
Jan
12%
X51%
X51%
1
1
1
(S) & Co common
Sullivan
Feb
1%
20
Corp
(Hugo)
8r.innes
32
100
8%
12%
*
1
1
Standard Tube class B
1
Starrett (The) Corp voting trust ctfs__l
Steel Co of Canada
•
Stein (A) & Co common
•
Sterchi Bros Stores
1
6% 1st preferred
a.
50
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Inc
8tetson (J B) Co common
Jan
9%
Products Co
Standard Silver Lead
preferred
Feb
500
for Week
Par
Feb
49%
134%
Preferred
2d
5%
Jan
30% Jan
500
31
8%
Standard
5%
Jan
81%
1
20
10
100
1
•
Standard Dredging Corp common
Apr
42%
500
"l% *1%
.1
-10
preferred
Convertible
8% Mar
29% Mar
2.78
Standard Cap & seal common
Jan
400
45%
30%
30%
50
"
iA G) & Bros pfd
Shoe Corp—
3
41% Jan
5%
Stahl-Meyer Inc
Standard Brewing Co
9% Mar
Jan
7%
Southern
ttpepcer
Jan
2%
29
4%
Sales
Range
Apr
14% Jan
10% Jan
2,300
45%
45%
Pa Pipe Line
California Edison—
original preferred
28
6% preferred B
25
5%% preferred series C__—--—25
Southern Colorado Power class A—25
1% preferred —;
100
Southern New England Telephone—100
Southern phosphate Co
10
Southern Pipe Line——
10
Southland Royalty Co
-8
Southwest
8%
113
Week's
of Prices
Friday
Exchange
High
Feb
110
3,700
1,200
4,500
8
8%
Low
ft'"
3
8%
1
1
28
10
South Coast Corp common
South
7%
2%
Curb
Last
Sale Price
York
Range Since January 1
10
11%
11%
3
*
'
High
7%
STOCKS
New
for Week
Shares
113
113
11%
1
Manufacturing common
Boss
ft
\
Co
totiiAr
Sonotone
VLow
.100
pf<t
Paper Mills-.
City Gas & Elec 7%
Sioux
.
EXCHANGE
WEEK ENDING APRIL 13
Sales
Week's
Friday
STOCKS
York
New
Monday, April 16, 1945
109
109"
J-D
J-D
MM
J-J
$108
--
'
2
110
108%
"
*
$121% 124
A-O
107
mm
109%
103%
mm
$105% 105%
105%
120%
123
Continental Gas & El
U
Udyllte Corp
Ulen
_1
Realization
6
5%
6
5% Mar
7%
Feb
10c
Corp
ft._
3%
3%
300
2%
4
Feb
4%
4%
300
4% Mar
5%
Jan
7%
7%
100
7%
8%
Feb
10%
10%
900
Unexcelled
Manufacturing Co
10
Union
of
_♦
Gas
Canada
Union Stk Yds of Omaha
United
Aircraft
United
Chemicals
United
Cigar-Whelan
—100
Products
oorp
United
United
,
$6
United
$3
:
23%
3aa
23%
32
32
4,600
•
21%
21%
21%
250
10
11%
10%
11%
3,000
•
};{•
%
ill
common
class
common A
B
_
preferred
—
Molasses
•
700
76
80%
2,200
16 %
15%
16%
35,800
Profit
common—
U
U
...
9%
Jan
12%
Feb
i\
Jan
%
Jan
%
Jan
Jan
275
1%
common
1%
100
Feb
2%
Jan
Apr
x79%
48%
106
105 % 106
48
104
106%
__
124%
124%
103%
104%
Pub
General
A
20
44
Feb
500
9
Mar
1%
8%
13%
1%
84
7
\
1%
84
6%
9%
1%
8% Mar
450
13% Mar
3,600
85
100
7
1,600
^
Insurance
Products Co
1
Utah Power it Light $7 preferredR«dio Products-
x23%
4%
•
771/0
1
93/.
1
7
Jan
5
2%
Feb
1 %
Mar
3,600
4%
Jan
5%
Feb
24 %
Apr
15
900
23%
100
22% x23%
7,500
76
9%
3
95
95
3%
Jan
21%
20%
250
26
3
.
/
Feb
Feb
23%
Feb
Jan
25 %
Jan
30
Mar
3%
78
775
65%
Jan
78
10
1,800
7%
Jan
10%
3
700
1%
Jan
95
25
92
Feb
6%
4% Mar
9,800
28
A__
Light 5s
Power &
Georgia
West 4s
Great Nor Power 5s stpd
Green Mountain Pow 3%
:
1969
1953
1948
1978
1950
1950
1963
$126
M-S
M-N
77
$78%
39
105% 106
105%
A-O
6
103% 103%
—
MM
104%
105% 105%
104%
F-A
104%
104% 104%
104%
106%
106%
J-D
106%
106% 106%
105 %
106%
J-J
1st
Jan
Feb
Feb
Jan
Feb
69%
67
Service
A7s
P
A-O
$105
104%
105
1957
1950
1963
1970
B
5s
3Vis
L
&
3
103% 103%
105%
102 %
103
4
102% 103
103%
F-A
102%
19
103% 103%
M-S
J-J
102%
104%
107%
109
$108% 110
M-N
—
1955
1955
J-D
45
45
2
45
46
20
28%
48
1957
E__
1941
(Aug
F
series
(July
A7s
Interstate
1941
Power
Debenture
F-A
46.
47
12
37
49%
MM
31
49
coupon)—
1957
—1952
coupon)——1952
Jersey Cent Pow & Lt
Kansas Electric
Corp
common
-1
preferred
-5
Petroleum
Vntr*
-1
Manufacturing
For
footnotes
see
-•
page
1685.
.at
-"«•
t
5%
4%
5%
66%
65%
67 %
11%
11%
12
12
11%
—-
3,700
3
Jan
280
54
5% Mar
Jan
72 %
Mar
3,200
10% Mar
12%
1965
Kentucky Utilities 4s—
3%s
stamped
Superior Dist Pow
McCord
Corp 6s
37
46%
47
22
31
49%
98 %
98
99%
93
97
100%
88
84
89%
59
71
53
M-S
3%s
Midland Valley RR—
Extended at 4% to
1966
.2022
J-J
■
55
11
37
37
106
107% 107%
107%
J-D
$103
M-S
$116
120
111
111%
107
105%
11% Mar
13%
Feb
105
1970
J-J
$106
1966
A-O
$106% 118
106%
106%
1948
F-A
$102% 104%
102
104%
1963
1987
5
75
J-D
$103% 103%
MM
J-D
J-D
1948
J-J
1947
M-S
—
9
105 % 106
106
1955
1981
2022
94%
64
1
107% 107%
M-S
1978
73%
73%
A-O
Gas Light 4%s
5s
105
116%
111
P & L 4%s
ref
108
119
111%
J-J
Minnesota
&
89%
61
107%
1969
Milwaukee
1st
•ft
5
46%
46
J-J
3%s—f
Power
MM'-
48
46%
j-J
Kansas Power & Light 3%s
107%
75
106
»
108
103%
106
104%
107
11
106
108
1
114
'
Nebraska
6s
4%s
Power
series
A—
107% 107%
■
.
114
M-S
114
115%
'
New
New
New
Jan
100
«
30
46
J-J
1963
6s
Kansas Gas & Electric 6s
L.akp
M—
—.—1957
—1952
5s—
6s
Superpowei
Altalian
72
106
5s
& ref
series
A7s
98
104%
••
3% Mar
96
92
J-J
68
"
Mar
Feb
98
$104%
jlnternational Power Sec—
A 6%8
series C
A6%s (Dec 1 1941 coup)
A 7s
96
Jan 1949
5%s series
ref
&
1st iien
J-D
Amsterdam
Gas
5s
El Assn 5s
$107
93%
110%
94%
__
deb
England Power 3 Vis
England Power Assn 5s
88%
94%
88
94%
Debenture 5%s
N
Y State
Elec & Gas
94%
93
94 %
32
M-N
94%
93%
94%
106
1961
M-N
1948
A-O
1954
3%s
1964
.
102%
1105%
M-N
—
$108% 110
102% 103%
104% 105
$107
109%
110%
88
1950
5s
110
74
J-D
convertiole
45
103%
Co—
Power
Indiana
Conv
-T
102
45
103% 104
104
J-D
A-O
B
series
6s
New Eng Gas &
<4
78%
106%
101%
$35
J-D
1047/e
103%
$101% 102%
J-J
-
——Jan 1949
Hygrade Food 6s ser A
Illinois
1958
6s
West
&
Guantanamo
-1953
Prod 6s
Grocery Store
Apr
Jan
5%
3%
'
$5.50 priority stock
Feb
Jan
5%
27 y4
IlOc
common
91%
11
23%
5
'Utah
Feb
12%
"53/3
•
Utah-Idaho Sugar
4%
Feb
800
1%
5s
Serv
Grand Trunk
Jan
2%
18% Mar
5
10
common
83
10%
20"%
Jan
Jan
1%
1%
"l
•
•
74 %
2,700
15
A
General Rayon Co 6s ser
Feb
48%
9%
1
3%s
Power
Gatineau
Apr
11
48 %
——10
_
Universal
103
F-A
Feb
48%
2
Consolidated Oil
Universal Cooler class A
Class
B
Pictures
101%
Feb
1,225
9%
Mar
11%
76%
•
Universal
279
Jan
Mar
74%
50o
Wallpaper, Inc
6%
1% Mar
76
1
Reclaiming
Universal
1031/s
51
16% Mar
Jan
Jan
10
•
Utility Equities
82% Mar
14%. Mar
25
preferred with warrants
Universal
59
102% 102%
Jan
67
40
8
United Stores common
United
Feb
103% 104%
102%
89% Mar
•
Rubber
S
24 %
Jan
Securities
Radiator
S
Jan
Feb
1
common
and International
1st
Feb
86
10
Foil Co class B
$5
Jan
23%
20
25
Graphite
110
5/32 Mar
6%
United Specialties common
S
Jan
38
regis
-f.Preferred
S
3% Mar
3/64 Jan
i7«
80%
25o
S
Jan
Jan
104%
M-S
5s
1958
Fuel 4s ser A
.—1956
Electric Power & Light 5s
2030
Elmira Water Lt & RR bs
1956
Federal Water Service 5%s
1954
Finland Residential Mtge Bank—
5s stamped.
1961
Indianapolis
10%
U
%
18%
Jan
•
Sharing
preferred—
United Shoe Machinery
•>
23%
100
U
Jan
Feb
12%
Co Ltd—
Amer dep rets ord
U
2
„
7
United
"
41,300
71
25
•
preferred
United NJ RR & Canal
tr,
Feb
Feb
95
•
Muk Products
participating
Jan
9% Mar
2,600
"3%
•
United Light & Railways
United
"5
——20
Light & Power
1st.
"3%
10c
:
Jan
22
warrants
Gas Corp
Common
>
io%
•
Stores
United Elastic Corp
,
67
1
common.
$5 preferred
"Prior preferred
United
4%
1,100
F-A
Eastern Gas &
__
42
15
107%
101%
94%
108
103%
102%
105
107
109%
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
161
Volume
NEW YORK CURB
RANGE
Interest
Last
Period
Sale Price
N
& Westchester Ltg
Y
North Continental Utility
A5%s series A
Power
1st
mtge
i
$100
United Light & Railways
F-A
1955
1964
F-A
104
J-J
$63%
1977
M-N
1979
Oklahoma Power Si Water 5s
F -A
1948
4s
M-N
:-
101
109%
107
109
22
104y2
14
1952
.2022
.
.
-A5s
West
income
Pacific
&
Power
Park Lexington
Light
5s
1st mtge 3s
Penn Central Lt
4%s
& Pwr
5s
1st
Pennsylvania Water & Power 3%s_1964
1970
1972
1962
Elec Power 5%s
Rapid Transit 6s
Portland
Coke
Gas &
High
111%
111% 112
4
111%
112%
115%
115% 115%
6
115%
116%
107
108%
M-S
1954
1964
2030
A-O
6s
Newspaper
conv
f
s
1960
;
10
F-A
$117% 119
65«
108
110
117%
—
109%
107%
2
109
119
Union—
debentures
1937
stpd
J-D
101
4
$101% 101 Va
105%
100%
105v
109
108%
23
5s
105%
105
J-D
1947
Co
,
—
53%
69
53%
108
V.
—
J-D
1959
5s
54%
109% 109 %
54%*
'
J-D
5s
5s
101%
,
'
12
101% 101%
99%
101%
108%
109
110%
106%
109
3
101%
102%
4
101%
105%
1
107
109
$107% 109
Co—■«
101% 101%
101%
1950
J-J
1959
M-S
1964
J-D
1949
J-D
104%
104% 104%
13
103
M-N
156
156%
11
151
Foreign Governments & Municipalities
104%
156
158%
105
105%
107
.105%
107%
...
of Colorado—
Public Service Co
mtge 3 % s—
1st
January 1
Low
M-N
3%s
Traction
Penn
Western
Rys
AStamped
108
106%
__
109 y2110%
Range Since
bold
NO.
Low
F-A
.
|A York
106%
1
$109%
no y2
F-A
M-S
63%
1
$1(59
J-J
3%s.
'•
5
107
107
J-D
Philadelphia
Philadelphia
63
66
107% 107%
107%
105
debs.
Power
Electric
Penn
West
103%
Bonds
Friday's
or
Bid & Asked
—
A
series
Wash Water
105% ,107%
101% 102 y4
105 y2106 y4
$102
104
106 %
Last
Sale Price
Waldorf-Astoria Hotel—
100 y«
14
$106y2 108
(Maine)
Utah Power & Light CoDebenture 6s series A
95%
107%
103
A-O
Exchange
High
103
92%
109% 109%
109 %
A-0
1968
1971
Curb
High
101%
95
1962
mtge 3%.s
Service
Public
Ohio
104%
94
94
M-N
.1945
3s
1st
Low
Corp—
Ogden Gas 1st 5s
Ohio
No.
Low
$104
J-J
Friday
Interest
Period
York
January 1
6s
redeemed)-1948
(8%
13
New
Range Since
Sold
Friday's
or
J-J
2004
4s
APRIL
BONDS
Bonds
Bid & Asked
High
Exchange
Curb
York
New
EXCHANGE
ENDING
Week's Range
Friday
BONDS
WEEK
FOR
1685
Sinking fund deb 4s
107
BONDS
New
York
Friday
Week's Range
Interest
Last
Period
Curb
Sale Price
New
Jersey—
^
...
Queens Borough Gas & Electric—
5%s series A
1952
Safe Harbor Water 4V2s
1979
1952
1951
Joaquin Lt & Pwr 6s 3—
Real Estate 6s
San
ASchulte
10
106%
109
127
90
96
99
20-year
ACauca
Wyoming Coal 6s
1947
Southern California Edison 3s.—...1965
Southern California Gas 3yiS
1970
Southern Counties Gas
(Calif)—
3s_.
1st mtge
5%S—,
Spalding
(A G)
Standard
Gas &
106
107%
1
108
109%
105%
City
Stamped
98
Plan
pursuant to
Interest
reduced
101%
__
M-N
$42%
A-O
$17%
103%
A-O
F-A
102%
102
102 y2
108
96%
103%
AMortgage Bank of Chile 6s
1931
Mortgage Bank of Denmark 5s_—1972
102%
102
102%
68
96%
103%
AParana
J-D
102 'A
101% 102 y4
21
96%
103%
F-A
F-A
A-O
102%
101% 102%
139
96%
103%
102*4
101% 102%
45
96%
103%
60%
27
58
1927)-—.—.1947
.1950
58%
71
(issue of May
A7s
iy57
(issue of Oct. 1927)-*
(State*
$32
J-J
30%
35
ICK.
1946
A-0
Texas
Electric Service 58—
.—I960
J-J
103 A
103
A 103 A
11
103 A
106%
Texas
Power
M-N
J-J
J-J
J-D
104%
103% 104%
28
103%
107 JA
1
116%
118
35
36
„
22
22
22
$79%
82%
75
81
$42%
:
45
38%
43%
M-S
reduced
1959
42%
37%
42
$35
37%
36%
37%
1919
6%s
Government
$41%
J-J
J-D
8%
9
124
5JA
22-
J-J
8'/a
9
73
5%
,2.1%
A
2%
to
J-J
2012
.
pursuant to Plan
A5%S
Industries—
stamped
35
1921
6%s
Janeiro
de
ARussian
—
J-D
M-S
1958
7s
Interest
Stamped
37
1947
pursuant to Plan A
reduced to 2'As——2008
Stamped
ARio
Interest
deposit
20%
42%
$42%
J-D
96%
1957
37
16%
38%
(Hugo)
Stinnes
A7-4s 2nd
35
35%
27
35
•No
Toledo
1950
2022
1968
1949
& Light 5s
A
series
6s
19%
$42.%
$34
42
6s
82
M-N
101% 102%
1946
3d stamped
of
A Certificates
$18
M-N
J-D
A-0
debentures
& Light
AStarrett Corp inc 5s
Stinnes (Hugo) Corp—
A7-4s
M-S
2008
stamped
22
Power
33%
33%
Mortgage Bank of Bogota—
7s
101% 101%
gold
6s
Standard
19
84-
.
..
M-N
6s__.
80
34%
32
76-
82
A
Dec 1 1966
6s
Debenture
J-J
—May 1948
—___May 1948
—■*— 1-951
stamped
6s
Debenture
82
$78%
i.961
100
AMeaeilin
A7s
Conv
1952
2%s*.i
to
107%
I—
28%
•
6y2s stamped.1958
1958
(Peru)
7s
165 y4
.
107
Electric—
(stamped)
6s
High
„
30
82
F-A
1989
5s
Low
63
■
$28'/a
M-N
1953
Danzig Port & Waterways—
AExternal 6%s stamped
ALima
$63%
J-D
—1955
106%
2
107
106
.
$63%
J-J
1948
104%
$107%
106
M-S
105%
89%
96%
95%
96%
F-A
F-A
4s
Rys
105
19
106% 107
108 y2 108%
106%
J-J
1951
Indiana
105
'
^
$105% 107
Southwestern Gas & Elec 3'As—1970
Southwestern P & L 8s—„_2022
Southern
-
January ;1
Low
of)
5s__.
AMaranho
———1971
—
$105
J-J
M-S
A-0
Bank
Valley 7s
Extended
Sheridan
Range Since
Sold
No.
Friday's
A-0
April 1946
Jan 1947
7s
A20-year 7s
Bogota (see Mortgage
Danish
14
98
97
98
A
126
107
127
$90
Bonds
or
Agricultural Mortgage Bank (Col)—
107
90
107
$126
__
A-0
1951
3s
Scullin Steel lnc mtge
J-D
104%
5
106
106
A-O
J-D
M-S
Exchange
Bid & Asked
High
of
Service
Public
3%s
Edison
4s
United Light & Power Co—
1st lien & cons 5y2s
Electric
United
N
J
117
107% 107%
2
106
107%
110% 110 y4
1
110
..
105% 105%
>* t
'•\
: u
.
SReported in receivership.
103
,
\
stock; "v t c," voting trust certiflqiteii
"x w," without warrants.
tive; "conv," convertible; "M," mortgage; "n-v," non-voting
104% 106
106%
103
60
103%
"
certificates of deposit; "cons," consolidated; "cum," cumula¬
used above—"cod,"
Abbreviations
103
Under-the-rule tale.
transacted during current week.
111
1
n
.
$Friday's bid and asked prices; no sales being
ABonds being traded flat.
.
A-O
A-O
1959
5%s_1952
(Delaware)
United Lt & Rys
117
d Ex-interest., e Odd-lot sale,
value,
a Deferred delivery sale,
x Ex-dividend.
par
sale,
rCash
"w
"w w," with warrants;
i," when Issued;
FOR WEEK
RANGE
ENDING APRIL
T,
v
OTHER STOCK EXCHANGES
13
'-•jy.C
Baltimore Stock Exchange
VVV-V
V ;:y .■"/.V:.-.:; /
v.
vV:V;V:
V
Week's
Sales
Last
Range
for Week
;■:VvV
■
STOCKS
of Prices
Sale Price
Par
Low
Arundel Corporation
Atlantic
Bait Transit Co
Preferred
v
common
t
v
'■
V-
pfd
Houston Oil of Texas 6%
Mt
v:
5
—
100
25
pfd vtc.
Central
y
■
__
.
—
66
Mar
74
Apr
3.65
370
845
20
Feb
27
25
69
Jan
71% Mar
13%
,yy
7
50
55
29%
475
100%
100
52
108% 108% y/.yy,"'
39
.50
38%
5
115
39
-
-v
Mar
13% Feb
14
Mar
35
Febv
55
Apr
28%
Jan
29%
Feb
87% Feb
100%
Apr
108%
Apr
106%
38
Jan
40% Mar
Mar
series
5s
72%
Georgia South & Fla 5s
80%
1945
73%
$4,500
78%
80%
34,400
76
Apr
85
91
7,000
91
Apr
*91
Apr
Apr
Range Since January 1
*
8%
8%
195:
"
50
16% Mar
57% Feb
Jan
41
Feb
6%
315
8%
/
High
Low
13%
1,150
6%
6%
4Va %
200
2%
Jan
3
.100
85
100
78 y2
Feb
85
1 Apr
51%
51%
51%
150
47%
Jan
52%\Mar
225
Eastern Mass Street Ry
6%
pfd
1st
series
100
A
104
104
conv
*
*
1
preferred
National
First
—*
Stores
Electric
General
*
Co
104
■<
101 %
14%
Jan
12%
Apr
21% Mar
13%
39
39
35%
35%
535
31%
Jan
35 3/i
18
282
16
Jan
19"% Mar
17%
—
39
10
14
40
Apr
Copper
Exchange
Week's
Maine
Sales
..
STOCKS—
Sale Price
Par
American
&
American
Woolen
Anaconda
Copper
Bird &
&
163%
*
Boston
Edison
Boston
Herald
—
__
Ry__
Traveler
125%
25
40
100
—
162% 163%
2,587
156%
9%
42%
Jan
49% Mar
42%
1,925
37%
Feb
43%
14%
14%
235
2%
1,625
1%
Jan
00 tf
723
35%
Jan
9%
100
6%
Jan
17
13% Mar
&
Maine
RR—
v
7
,
100
7%
prior preferred
Jan
12%
Jan
National
34% Mar
New
Feb
New
553
29
Jan
18%
150
17
Jan
19
230
115%
Jan
130
Mar
37
Jan
41
Apr
76
545
69 Va
Jan
77
25%
205
23%
Jan
27% Mar
6%
preferred stamped
5%
class A 1st pfd
.100
-
100
Stamped
8%
class B 1st pfd.
—
7 % class C 1st pfd stamped
55/a
653
25
5
60%
Jan
5% Mar
10
Apr
10
10
12
137/a
868
10% -Jan
12%
100
12
12%
Butte
Jan
\ v
•*
71% Mar
8
Jan
14%
Jan
13
see
page
1692.
Mining
(N
—
H)—
12%
—
-100
5%
185
41%
39
'
16%
18
35c
150
235
3,400
115
44c
118
40c
118
150
48
116%
44c
118
280
2,175
12
2%
50
36%
49%. Jan
Jan
64%
Apr
70 %
7%
Jan
12%
15%
Jan
18%
25c
Jan
15
Jan
100
10% Mar
15
Jan
Stone
11%
11%
10
11%
Apr
17%
Jan
Suburban
14
Apr
17%
Jan
$4
&
2nd
Webster
Inc
Elec Securities com.
preferred
Mar
.1%
49c
42
Mar
50 Va
Jan
109%
Jan
30c
119
Jan
115
Mar
2%
375
■J.
Apr
Feb
Feb
72c
118
41%
15
35%
37 Va
1,874
2%
120
2%
4%
Jan
44%
Jan
33%
Jan
38 Va
Jan
1%
Jan
3%
Feb
100
1%
Feb
15
250
14%
Apr
13'/a
11%
13%
769
10%
Jan
5Va
5'/a
245
95 Va
95 y8
5
1%
Feb
Apr
38% Mar
14%
1%
10
Feb
Mar
Jan
30c
14%
Assn
10% Mar
.—25
2%
39%
RR
Feb
7%
Jan
Jan
1
100
•'
G '
■
115
100
Qulncy Mining Co
Reece Folding Machine
305
347
66
45
Jan
259
16
_100
RR
Pennsylvania
13%
14
64%
48
.2.50
360
-
'
■/
Pacific Mills
13
16
7
T
11% Mar
*
Old Colony
12%
——
1%
30c
18
Jan
14
RR
Northern
12%
13%
& Elec Assn—
England Tel & Tel
North
5
1
Cos
England Gas
5%% preferred
Shawmut
100
Stamped
footnotes
"
13%
100
100
class D 1st preferred
For
•*-—
70
43 %
12%
1
-—
Service
100
Stamped
10%
5%
-100
'
•
t
65%
1%
Mar
75
69
42
Apr
39% Mar
t
7%
7%
--
Nash-Kelvinator
Jan
2 %'•
"
........—
Jan
32%
■
CO
Mar
;
V
—1
Associates vtc
164%
'
Boston
9%
■
—
Linotype
2
37%
.100
common
Jan
43
1,509
Mass Util
Mergenthaler
yv
"
/
' 5
115
40%
14%
.100
;
Narragansett Rac'g Assn Inc
25%
—
Central RR
preferred
5%
Jan
10%
40%
t.; •
55%
46% Mar
6
125% 126
. . ..
(Del) common
Feb
46%
Hight
Low
48%
39%
76
•
Corp—
*
Range Since January 1
High
18%
103
Elevated
Boston
^
31%
—
•
i
.
9%
50
Albany RR
Shares
48%
—
—j.
Son Inc
Boston
—
—100
Tel
Tel
of Prices
.
for Week
Low
100
Sugar Refining™
American
Range
Corp
'Jan
45%
46%
5
.
.
Lamson
j Jan
l;
15
Royale Copper—
Feb
109
Jan
15
325
■
17%'
12%
*
,
Gillette Safety Razor
<
17%
preferred adjustment———100
Eastern SS Lines Inc common
—•
5%
$2
■
Apr
85
.100
6%
prior preferred
preferred „..—
3
3
—
—
Kennecott
Last
'.-iCJ'
Associates—
& Fuel
Common
-
Friday
Mr
9%
:
Gas
Eastern
Isle
Boston Stock
Feb
9
Apr
8 y4 Mar
'
Jan
91
1975
1975
A
79% Mar
70 y2
6%
Co—
Copper Range
Employers Group Assoc
Engineers Public Service
Bonds—
Baltimore Transit Co 4s
15%
50%
49
5
Hecla
&
Calumet
Jan
3.15
69 %
29%
■■
50
Ry
U S Fidelity & Guar
ioo
26%
55
Vernon-Woodbury Mills pfd— —100
Northern
20% Mar
2.90 Mar
15%
15%
lioo
RR
Providence
&
Shares
High
"
Jan
13%
""
common-
Sou & Fla 1st
Georgia
3.00
•y:y
16
69%
26%
»
-
Co of Amer A
Finance
74
Boston
•
Trust
Prop
for Week
Low
High
Low
233
25
.
■
IIlOO
—
com.——
Range Since January 1
Shares
18
74
V-'i-*1'
•
t c.
c
Gas E L & Pr
Consol
'—50
(Conn)„
Coast Line
Personal
Boston
High
17%
18
Range
of Prices
Last
Sale Price
Par
Friday
V
>
STOCKS—
Sales
Week's
Friday
4%
95
Jan
Mar
1% Mar
.16%
14
Jan
Feb
5% Mar
95 Ya
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
1686
Monday, April 16, 1945
OTHER STOCK EXCHANGES
RANGE
Week's
■••■■'<
Last
WEEK
ENDING
APRIL
13
T
Sales
Range
Friday
FOR
for Week
Friday
Sale Price
STOCKS—
Par
Torrlngton
Union
United
United
■,'.,6%
31%
150
30
17%
17%
6
18% Mar
Mar
Inc
94%
673
90
Apr
Middle
75%
100
74%
Apr
78
Jan
Midland
48%
48%
30
43%
Feb
48%
56
58
265
51%
Jan
60%
Apr
Feb
.,94%
West
15%
„50
Westinghouse Elec & Mfg—
14%
15%
110
40%
41
155
36
115%
534
126% 131%
—
41
Jan
Apr
131 %
Jan
Miller
1
Util
$1
&
Hart
capital
35%
Feb
38"
20%
21
800
18%
Jan
21% Mar
42%
42%
100
41%
Jan
45% Mar
250
*'
9
.
9%
:
Jan
5,150
8% Apr
10% Jan
14%
13%
13%
Apr
34
I'l35%
35%
1,550
28%
Apr
'■
..100
■/ 3%
II10
3%
02%
200
Apr
1
•
" •
;
"12 %
Tel
&
122% 122%
3s——1956
conv
$200
118%
Feb
123%
Jan
^Nachman
Springfield
Northern
Illinois Corp
Northwest
Nor
Chicago Stock Exchange
Week's
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
LOW
par
Admiral
Corp
Advanced
Aluminum
Aetna
Ball
Allied
Allied
Products
18%
common—_ —10
Mfg
Public
32%
*
Co
Service
American Tel & Tel Co
9%
.9%
..
•
common
Corp
Chalmers
American
1
Bearing common
32%
44%
II100
pfd
y '.y.
capital.^. —100
i
43%
125
■ -
r
.
:
.
12
10%
2,450
High
Jan
15%
Feb
common
Equipment
Asbestos Mfg
Corp
5
Co common
Poor & Co
500
7%
Jan
10%
9%
Jan
11%
Jan
Automatic
Washer
•4:2%
4
100
16%
Feb
Jan
59%
600
48%
Jan
59%
21
100
19%
Feb
21
Apr
40
350
36%
Jan
40
Mar
18%
150
17%
Jan
18%
18%
Feb
32%
100
32 %
Apr
44%
200
common
29
39%
■
Feb
Jan
45%
Barber
Co
Jan
135
Feb
158%
,y 200
7%
800
18
Jan
164
Mar
(W
H)
common
2%
2%
8
17
250
4,250
5
4%
5
5%
6
1%
Seelig class A common
Bastian-Blessing Co common.—
Belden
Mfg
Belmont
Co
5
10
Corp
♦
Bendix Aviation Corp common
Berghoff Brewing Corp
12
Mfg Co capital
Borg-Warner Corp common
Brach
&
Brown
Sons
Fence
(E J)
&
1
capital
Wire
class
19
pfd
Jan
Jan
5
Co
Burd
(E L)
5
common
6%
Feb
34%
& Co
Central
Cent
(A M)
Schwitzer
Co
19%
Jan
30% Mar
18%
650
16%
Jan
18
Roebuck
&
111
Secur
Corp
17%
Mar
Co
Common
Convertible
Prior
South
Bend
Lathe
Works
.Common
Standard Oil
Stein
&
Co
of
Indiana
class
55
Feb
Stewart-Warner Corp
Feb
Sundstrand Machine Tool
8%
800
200
21
Feb
7%
Jan
8%
Feb
Mar
37
41%
lien
preferred
A
Chain
Belt
120
Co
17%
y--ir-y ■:
common...
II5
Cherry Burrell Corp common—.
Chicago Corp common
Convertible
117%
preferred
&
Swift
International
t
c
for
Preferred
Jan
Texas
Corp
Feb
Trane
Co
Feb
208 South La Salle Street
Corp
Chicago Towel Co
Cities
'Club
•
37
Service
Co
Aluminum
common
Co
<*
capital.
IlO I
Corp
Crane Co
common
1
II
Electric Household Utll
Corp
Elgin National Watch Co...
Feb
36
36%
450
35
Jan
37
Mar
5
115
....
Gillette
Safety
Goldblatt
Gossard
Adv
Bros
25%
Jan
32% Mar
54%
Jan
71
71
Jan
72% Mar
18%
19%
2,500
16%
Jan
21%
4%
4%
250
3%
Jan
Inc
Co
&
Harnischfeger Corp
30%
9,200
8%
250
40
Jan
7% Jan
36
26%
19%
30%
27%
200
29%
1,300
26
104
40
Jan
180
Jan
26%
26%
fe:
Apr
8% Mar
Jan
28%
Feb
4% Mar
28%
110
27
26% Mar
30
Mar
Union
Apr
23
•ife
17
Jan
20
Feb
15
Jan
18%
20%
400
18%
Jan
23
Jan
4%
4%
1,150
4%
Jan
14%
5% Mar
15
550
37%
2,300
51%
13% Mar
100
16%
Feb
35% Jan
40%
Apr
51%
13%
Jan
18%
29 /
Jan
34%
17%
50
16%
Feb
17%
6%
950
7%
Carbon
6%
Apr
42
100
40% Mar
12% Mar
15%
Feb
26%
Apr
35
Feb
22
22
50
20%
Jan
23 /
Feb
'if.
4%
67
600
62
Jan
Utah Radio Products
12%
800
10%
Jan
12 %
300
13% Mar
14%
12
52%
100
16%
171/8
550
Walgreen
Wieboldt
Co
common
Stores
Williams
Inc
Wisconsin
Yates-Amer
capital-
Mach
17
Apr
300
16
Mar
18%
Feb
950
14% Mar
16%
Feb
2,500
31
31
32%
33%
34
54
.....
19
19%
1,650
Martin
Iron
(Glen L)
Co common
Nash-Kelvinator
17%
Feb
10%
Jan
13
Jan
57% Mar
20%
21
50
•
14%
Jan
17
17
Jan
22% Mar
200
16%
3,550
14% Mar
16% Mar
65'/8
1,000
58%
67
9%
9%
1,000
32%
16%
I6V2
150
6%
'
i
6%
200
13 %
13%
6%
cum
13%
8
&
Co
&
101
*
i00
Libby
Line Material Co
'For footnotes
see
page
4.
1692.
jam
Jmtum
Jan
450
7%
Jan
Pullman
110
7
28
(The)
5
7% Jan
89% Mar
Mar
10% Mar
31% Mar
.
32%
Jan
14%
100
16%
Apr
Jan
6
Jan
2,050
11% Jan
100
8 V2 Mar
7%
8
250
7%
8% Mar
14
Jan
10%
Jan
9% Jan
Jan
'
.
I
13%
i27/a
13%
32%
200
11% Jan
•• •«
14%
"Iv
Feb
31%
32%
91
85%
91
—
—
5%
5%
200
41%
41%
900
38
Jan
43% Mar
9%
9%
600
9
Mar
10% Mar
700
24%
29'A
Jan
34% Mar
200
yy-;
76%
Jan
91
Apr
67%
Jan
77
Mar
__
5%
23%
Jan
6%
Jan
24%
300
27
Feb
17%
16%
18%
3,200
15% Jan
18%
Feb
23%
23%
23%
1,200
22
26%
Jan
29%
350
28
Jan
Jan
....1
•
28%
•
Jan
31% Mar
48%
Jan
52 ya
17
Jan
21
1,400
10%
Jan
12%
1,800
19%
Jan
24
"
'
*
common
19%
19
19%
900
11%
11
11%
22%
.
21%
22%
31
31
100
29% Jan
58%
58%
100
56%
Jan
61
24 >.
25%
1,800
18%
Jan
25%
Feb
Mar
■
Corp of America common—
Standard
Brands
common
.
LT S
Co
y'v-
*
1125
1
Corp common
Rubber
•
...
Standard Oil of N J
Feb
■
>n:.
25%
—10
common
—•
».k-
Mar
32% Mar
Mar
—
Apr
■
Cincinnati Stock Exchange
Friday
Feb
5%
Jan
11% Mar
Participating
for Week
Shares
pfd
preferred *
Low
20,
-33%
..7
Baldwin
Cincinnati
Crank—I...
—5
Cincinnati Gas & Electric pfd—
.100
-50
-
-
Cincinnati Telephone
Cincinnati Union Stock
.50
20
Jan
30
Mar
26
Apr
29
Feb
Crosley
Apr
Feb
Dow
8%
101
8%
1,200
6%
Jan
8%
8%
101
800
7%
Jan
9% Mar
33
54%
110
110
5%
10
150
96
Jan
101
Apr
28% Mar
33
52%
Feb
10
107%
Jan
4% Mar
10
150
7%
Jan
8%
9
4,200
7%
Jan
13%
Apr
6
Jan
Formica
Gibson
50
13% Mar
10%
.... .....
2.
.
.100
-10
Jan
Kahn
1st
Jan
7
Mar
120
10
Jan
15% Mar
239
10
Jan
12%
Feb
3%
Feb
18
2% Mar
108
61
107%
Jan
109
Feb
12
180
8%
Jan
14
Feb
78%
Jan
83
Mar
13
Apr
82
%
13
%
33
25
10
50
9%
Jan
11
Feb
50
-7%
Apr
9
% Mar
Jan
107
Apr
81
8%
105% 107
44
14%
15%
26%
14%
Insulation
Art
27
44
.
7%
class
Jan
4%
13%
A
'46
45
7%
46
Feb
9% Mar
14%
Hobart
5
13
81
Yards.
Hatfield
100
9%
13%
54 % Mar
110
High
36% Feb
Jan
-12%
2%
2%
<12
7%
Eagle-Picher
Jan
5
10 k
.
Drug
Preferred
175
11%
Corp
Apr
30
7
108
Crystal Tissue
24
; y. 12.
32%
33
500
450
Jan
34%
5
13%
12
Ball
Low
250
5
8
Range Since January 1
High
7
Churngold
26%
12%
Sales
Range
of Prices
Pat
28%
20
Week's
Last
Sale Price
8TOCKS—
24
5%
9
Jan
•
Incorporated
Oil Co
26%
54
9%
common
3%
9%
33
5
common
300
8
common
Libby McNeill
400
4%
8%
50
LaSalle Ext Unlv
common
Leath
A
Jan
9
•
1
Paramount Pictures Inc
24
100
common
pfd
preferred
79
9
...
Cincinnati Street
;
4%
Ken-Rad Tube &
Lamp
Feb
Mar
85%
Feb
48
8%
21
41% Mar
3
Corp
New York Central RR capital
prior
50
Kentucky Util jr
Jan
41%
Products
Feb
30
•
Jan
17
36% Jan
15%
•
common
American
Feb
11%
—1
54%
49%
160
32%
Co
Corp
21%
18%
17
;
600
300
16%
•
com.
Machine
56
common
-
39%
63%
1
Electric
Laundry
17
preferred
54
20%
'
12%
—5
niirHfis-Wripht.
General
Interlake
American
11%
5%
Jan
20
III2
Feb
54
Kellogg Switchboard
Feb
34%
84%
Copper Mining
1150
Atch Topeka & Santa Fe Ry com..100
Bethlehem Steel Corp common
19% Mar
-.25
common
34%
S-
Anaconda
57%
—8
26%
Feb
Apr
y
American Radiator & St San
Jan
common
28%
18%
32% Mar
200
39%
1
0 £
■
Jan
Parts.II..I
-10
38 % Mar
18%
Stocks—
16
Hibb Spencer Bartlett
Horders Inc common
20%
Jan
14%
i
Unlisted
Feb
13% Mar
Co
30
5% Mar
14%
32%
*
common
common
Jan
Apr
Katz Drug
17
23%
Apr
17%
34
■
Bankshares
Woodall Industries
13%
Jan
*
17
3% Jan
'•
*
16%
13%
-100
200
iii*
common
Jan
9
11%
new...1
36%
25
14%
.•
com
Oil-O-Matic
52%
50
100
preferred..
400
Jan
V-
nil
Apr
500
$6
4%
36%
H-
capital- lit*
common
68 % Mar
15%
Power
4%
22%
65
42 % Mar
65
11%
Indep Pneum Tool vtc
•/
440
i
w
Feb
6%
42
14%
Interstate
'
Jan
Apr
17% Mar
Mar
Feb
•
11%
Illinois Brick Co
capital
Illinois Central RR
common
f
15
Feb
17%
52%
B
1,000
Feb
150
850
-10
class
17
Apr
17
30
14%
common
30
Feb
51%
—1
Houdaille-Hershey
Jan
250
500
'
Studebaker
Helleman Brew Co G
cap
Hein Werner Motor
Hupp Motors
20%
29
Feb
16%
19%
38
350
•
com
Republic Steel Corp common
100
300
29%
17-
Feb
14%
common
Radio
18
12
common...
&
Light & Rys
Steel
S
Feb
19%
51%
6%
Feb
36%
32
—25
27%
19%
37
66%
Jan
6%
20
25
-25 k'
•
common
Jan
20%
4%
,
....
capital
(The)
Carbide
United
Pure
50
22% Mar
105%
Jan
Jan
31 % Mar
108%
17%
common
com
63
12
common
Dk
8%
106% 108
common
(H W)
Great Lakes Dr
29%
39 %
30
Jan
Mar
5%
;
63% Mar
*
common
& Rubber
Feb
100
19%
100
Apr
9%
1,300
common
Razor
Goodyear Tire
—1
common
Outdoor
19%
Jan
60%
—5
IlO
Corp
Jan
31%
'
18%
200
450
38
'
27% Mar
16
60%
„____i
General Finance
Corp common..
General Foods common
Motors
21% Mar
30%
Four-Wheel Drive Auto
—
10
Fox (Peter)
Brewing common..—II1%
General
Apr
60
*
Domestic Industries Inc class A
General
Mar
20
Jan
5
...
A
120
Jan
53%
100
common
Candy class
Jan
Jan
8%
450
8%
Dpdge Mfg Corp common
Doehler-Jarvis Corp
General
131
82%
59%
25
pfd
common—
Jan
80
1,260
58%
30%
2
Inc
Mar
7%
1
Diamond T Motor Car common
Eversharp
120
b 2%
100
25
common
.
20
16% Mar
Jan
8,150
20
Dayton Rubber Mfg
122
116% 117%
17%
20
2% Mar
Jan
li
\
1,200
.—
Container
cum
Jan
14
8%
50
Cudahy Packing Co 7%
%
250
300
6%
108% Mar
19%
*
com
Amer
Jan
Mar
23%
-
Commonwealth Edison common
Consolidated Biscuit common
Consumers Co vtc partic pfd
of
99%
28
60%
common
Uten
Jan
400
Feb
26% Mar
Jan
31%
!
1
.
22
7,150
5%
Jan
23% Jan
30%
15
.
7%
8%
y' vj
common
1%
20%
104
16%
-
432
—25
27%
180
2%
Feb
Jan
14%
Hl5
capital
28
100
16
4%
81
46%
24%
1120
capital
Jan
17%
36
Co
Jan
23%
•
Chicago Flexible Shaft common
Chicago & North Western Ry—
V
kk
25%
106
50
300
6%
y
300
34%
5
26
104
*
Jan
8%
'
...1
Jan
14%
common- —5
5%
19%
...
13%
24%
•
common
24
7% Mar
•
100 '
5
common
23%
16% Mar
•
Jan
15
.20%
.v:
16%
capital- —25
50
200
;6%
Jan
*
Preferred
Central States Power &
Light pfd
Apr
15%
Mar
Feb
Apr
1%
77
'
28%
cap
650
27
26
2%
Jan
38
1
13
15%
69%
"
—
Stockyards capital
Dredge preferred
Jan
Jan
1%
100
2
Jan
6%
~2%
Jan
77
nn.
—30
common
14%
13%
50c
38
'
■
—
10% Mar
39%
,
m
48%
32%
preferred
Central S W Util common
107
Jan
5
•
—
100
400
!
Jan
33%
15
"20%
-
•
Sinclair Oil Corp.
500
1,150
1
8% Mar
98
800
25%
III 1
common
4,750
25%
Jan
80
37
—
IIIi
.
capital
Corp class B
49%
7%
common—
capital
12
105
15
*
common
Cummins
Standard
Apr
16%
25%
4%
104
'
Sangamo Electric
Apr
16
26
7%
105%
2,800
Feb
77
■
St Louis Nat
15%
•
7
Feb
35%
76% Apr
Apr
7%
Illinois Pub Berv 86 pfd.
6%
147
g33% Apr
19
16%
10
common
44% Mar
430
CJ
Castle
57%
Jan
2bo
Jan
100
32%
Jan
33%
35%
16%
1
common
Brothers
43
100
104
:
10
Piston Ring
Butler
160
44%
■
104
"37
Apr
Jan
Feb
150
6
52
44%
Jan
78%
Feb
19%
26
6
49%
,
136
77%
2%
9%
Feb
40
33%
Jan
29%
26
1
16
146
73%
Signode Steel Strap Co pfd—
16;
7%
*
Mar
'33%
Jan
3
50
38%
•
A
Common
Bruce
8%
5
:
Packing common
-.10
Raytheon Mfg Co 6% preferred—
5
Swift
Blnks
142
-52
common.—.—.
49%
1
Feb
u
11%
5
Feb
25%
-100
capital
21%
.17
16%
18%
34%
23% Jan
5
Mar
29%
,
•
common
Radio
19
27% Mar
.50
,
Serrick
5%
800
1
13
100
100
—10
B com
Jan
7%
2,250
6
-
100
100
8%
6% Jan
300
3
&
'
29%
23%
«
Spiegel Inc
Barlow
13%
29%
Feb
124
10
3
(Delaware)
13%
Jan
23%
Rath
8
8
*43%
146
B__
Quaker Oats Co
18%
Apr
10%
Feb
100
125
17%
class
Feb
50
*
common
Coke
Feb
13%
,•
12%
*
100
Peoples Gas Lt &
97/s
7%
18
1
Athey Truss Wheel capital
Aviation Corp
7%
1
common
0
pfd
capital
14
18%
100
(The)
6% preferred
Pennsylvania RR
Sears
Armour & Co
Aro
Co
Jan
39%
i
20
preferred
Pen
Feb
56%
59
10
common
lien
pr
9%
■
162 % 162%
—
Low
11%
Util
Peabody Coal Co class
Range Since January 1
High
11
11%
5
Castings
Laboratories
A llis
1
common
1%
Parker
Sales
Friday
West
Feb
Jan
'
Airlines, Inc common
Bancorp common
Northwest
Feb
4%
2%
21
•
National Standard Capital stock
North American Car common
11%
12%
__<*
common
11%
9
Bonds—
American Tel
35%
1,700
12%
Jan
Feb
8% Apr
50
150
V-
-
Minneapolis Brewing Co common..
Montgomery Ward & Co common
9
9
1
vtc.
common
9
9
3%
12%
.100
preferred
Mar
12%
*13%
•
■
prior lien
Inc
High
30
y"'42%
•
lien
prior
Low
38
Co—
6%
prior
Range Since January 1
High
38
i 21
Convertible preferred A
16% Mar
13% Jan
41
*
...
Corp
Shares
vj 38
common
United
Midland
1%
—
Field
for Week
Low
capital
Masonite Corp common...
Mickelberry's Food Prod com
k'''
Co
Di
Marshall
75
10
System
Mapes Consol Mfg
Mar
33
Jan
Par
Feb
Sales
Range
of Prices
Sale Price
High
38%
;
Jan"
15%
STOCKS—
93%
94%
25
Wk kk' ':
(S
31
25
common
preferred--
?
Waldorf
36% Mar
5
U 9 Rubber
Warren
920
37%
Co——
United Shoe Mach
■"
37%
-
Inc
Fruit
Low
High
36%
—•
;
Drill—
Drug
Low
Range Since January 1
5
Co
Twist
Shares
of Prices
; Week's
»Last
,
•
*
:
preferred
—
100
57
20
12
28 5/if Mar
105
16
Jan
39
Feb
177
13%
Jan
16%
Feb
72
26%
Apr
33%
Jan
Jan
45
Apr
65
40
70
6
Jan
43
45
Mar
12%
12%
45
48
48%
135
7%
Feb
46% Mar
12%
Apr
13%
Jan
48
Apr
50
Jan
•
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
Number
161
1687
OTHER STOCK EXCHANGES
RANGE
Week's
Friday
8TOCKS—
,
Range
Kroger
Lunkenheimer
National
—_
Shares
Pumps
Low
"
—•————.*
*
Low
36%
Jan
41% Mar
Gar
166
27
Jan
32
Mar
General
62
3
Mar
4
Jan
55% Mar
61
Jan
Hoover
8%
preferred
29
29*
3
3,
Jan
r;
s
U
S
Printing common
Graham-Paige
.
Feb
4%
Columbia
General
I
45%
Mar
Hudson
Jan
56
14 %
Jan
18%
43
3
Jan
46
Gas
Motor
Standard
Timken
18
241
153/a
Jan
95
20%
Jan
22%
*
~5%
5%
585
Jan
53/a
66%
64%
67%
235
62 %
Jan
68
30%
31%
75
26'A
Jan
51%
51%
20
51 %
Jan
56%
*
Bearing
—
—
Drug
Screw
Apr
Micromatic
Feb
Y
Range
of Prices
Akron Brass Mfg
&
l
—
—
Ice
Fuel
&
.*
———„.
Controller
Clark
Corp
Cliffs Corp
Rubber
Faultless
General
Tire
Goodyear
Interlake
Jones
Acme
Refining
National
Nestle
80%
Jan
21%
2,156
18%
Jan
20%
23%
922
22%
a28 % a28 %
78
26
Richman
%
ft
a57%
(;•!
a59%
a54
20%
39
White
4%
125
3%
Jan
5%
Feb
1%
Jan
1%
Feb
1%
13/8
200
263/4
26%
165
26'A Mar
1
4%
4%
100
4% Jan
53/a
1
1%
1%
1,100
iy4
1%
1
■
__
26%
Mtl
45 c
a
23
Jan
107
S
13'A
Jan
17%
Apr
2%
Feb
3%
Jan
—10
15%
153/4
470-
13%
Jan
—1
3%
3%
200
3%
Feb
6%
*•
*•
common
14
33
Jan
Co
3%
3%
950-
2%
Jan
2%
2%
505
2%
Jan
3
3%
33A
3%
725
3%
Apr
33/4
Jan
12%
Feb
Interlake
Rayon
*
*
Iron
—
Ohio
S
6%
190
6%
6%
200
5%
Jan
7
2,489
43A
Jan
1%
2
1,700
13/8
Jan
5%
5%
•
•'
'
•
—1
1
6%
7.
2
common
4
Products
/:
v
Sale Price
STOCKS—
Par
Feb
10%
Feb
Co__—__ ——1
Petroleum
Bandini
Bros
5%%
Corp
common
Low
YY
V-1'11'
■
'
'
——50
preferred __—Y——
Apr
Jan
5%
Jan
Bolsa
Jan
25% Mar
15%
7
15%
Feb
17
2%
8%
500
2
7%
Feb
Oil
Chica
Corp
10
Central
Investment
Cessna
%l Feb
20
16%
Jan
57
14%
Jan
16%
Jan
39% Mar
42%
Jan
12
Feb
Jan
49
Jan
59%
45%
188
50
Jan
112
18 %
24%
Jan
7%
14
10%
Jan
Mar
17%
Jan
31%
26'A
25'A Jan
59%
53% Mar
37%
220
a9%
Aircraft
-Y;
.
Corp
t
Co
1
1
r-i O O
—
—
/
80
'
^
1
5
Corporation
220
18'A
15
a21% a22%
281
a65
a623/4 a65%
183
a
,f
101%
28%
45
Jan
21%
17
■'
20 y4
Mar
Jan
58%
Jan
Feb
Mar
10% Mar
26%
Jan
19%
Feb
43% Mar
Y
Y
24
Jan
Feb
Mar
67 % Mar
/
Hudson
Hunt
Corp
&
Radio—
Consolidated
Continental
Shares
Detroit
Detroit
&
Cleveland
Edison
Detroit
Gray
Detroit
Steel
Frankenmuth
For
Nav
5
Corp common
—.—2
1
Brewing
footnotes
see
page
1692.
Jan
300
125
1%
500
14%
387
20
10%
10%
22%
So
Range Since January 1
High
Low
'IOV2
11%'
1%
—
209
430
6%
100
37% Mar
1% Apr
14
Jan
Jan
18
8%
Jan
6
2%
12
Feb
Apr
Feb
5%' Jan
Jan~
.
97%
Apr
Apr
25%
28%
Jan
13'A
Apr
71
Jan
71
Jan
a70% a70%
13%
249
13%
1,905
515
14%
1
511
7
■
64%
13%
Feb
13
Jan
100
17
6%
Jan
697
•••
66%
16%
510
235
14%
;
12% Mar
26
515
14
7
Jan
62%
Jan
Feb
13%
Feb
Jan
18%
Mar
Apr
573/8 Mar
500
77%c Jan
20
300
10%
10%
200
934
Jan
Y 4'A
1,000
3%
Jan
1,279
5
30c
7%
95c
Mar
24 %
Apr
20
Apr
10%
Apr
5% Feb
14%
Jan
16%
Feb
Jan
60c
Jan
19%
Jan
23'A Mar
900
67 %c
Feb
1,300
1.65
20c
18c
30c
Jan
45c
1,000
21
72 %c 72 %c
20c
15%
16% Mar
305
550
14%
52%c 52%C
1
—
67% Mar
12 3A
80c
1.60
Feb
Feb
8
51%
24%
1.65
16%
16%
19%
20%
Feb
Mar
30
80c
14
525
151
23%
24
15%
100
:
a52% a53%
83,500
4HO
7%
2,400
32c
1.45*Jan
Jan
8c
6%
Jan
Jan
30c
75c
Feb
2.00 Mar
23c
9 %
40c
83/4
Apr
Mar
Jan
Feb
8%
8%
8%
175
6%
Jan
25
37%
35%
37%
1,305
34%
Jan
37% Mar
40
40
285
38%
Jan
40%
55%
Elep
&
common
preferred—.A-.——-———25
1st
123A
Lighting Corp common
Ranch
Oil
Oil
•
Aeronautical
Co
Company
Trading
1
~7%
Jan
58
Feb
483A
Jan
51
Mar
7%
550
14c
.25
Corp..
16%
!—
Company..
Calif Edison Co Ltd
Jan
8 3/4
Jan
43c
400
33c
Mar
42c
Mar
12%
296
10%
Jan
13%
Mar
950
6%
Jan
160
62%
Apr
63%
Apr
99
41%
Jan
44
%
Feb
4c
Jan
13c
7%
7%
633A
43
.30
—;
5%
43c
63%
Corp
Aircraft
51%
161
12%
43c
*
Inc
Stores
Oil
common
140
7%
1
——-1
Co
Corp
Feb
55 3A
a50% a51%
Indemnity Company———10
43
lie
16%
14c
16%
.
37,500
845
15% Mar
9% Jt* a
Apr
17% Mar
14%
Jan
-1
11 %
11%
11%
650
11
Jan
.25
29%
28
29%
2,655
26%
Jan
30
Feb
30%
30%
983
30 Va
Jan
32%
Jan
Mar
3IV4
Jan
.25
v
30%
.25
31'
30%
119
30
Feb
2'A
Feb
15% Mar
21%
12
Mar
23%
pfd cl A—_25
*
Co of Calif
Pacific
Standard
Oil
—
a38% a38%
39 %
39%
39%
42%
42%
42
41%
42
160
433
1,098
6%
1
6%
150
16%
Oil Corp——.
Sunray
•
Company—
16%
275
Taylor Milling Corp
2
10 3A
Western Air Inc———5
a31%
Corporation—.
Transamerica
&
10'A
103A
1,840
a31% a32
172
Union
Oil
Western
California—
Oil
of
Consolidated
Pipe
Co
& Steel Co
25
10
23%
23
23%
1,885
38
Jan
39%
39 %
Jan
44%
39
Jan
43
6%
15
20 Va
Jan
Jan
7'A
Jan
Jan
16 %
Apr
11%
Jan
10% Mar
28
Apr
Mar
Feb
30 Va Mar
Jan
25%
Mar
21
21%
300
153/4
Jan
28
Mar
10
273/4
27%
120
27%
Apr
31
Mar
10
a6%
a6%
Apr
2%
Mar
23%
1,845
21%
Jan
1%
800
1%
Jan
16%
158
15%
Jan
Jan
17% Mar
Mining Stocks—
Alaska
4%
25
pfd
Calif Gas 6 %
Southern
Feb
7%
1%
225
Co 6Y
Calif Gas
Southern
5
41% Mar
Mar
16%
4%
4%
Products————*
Gas
Universal
4%
-
94
Jan
1
—1
Ltd
Aircraft Inc.———
Transcon
21%
-
Jan
—1
Co.———
preferred class B——
5%% preferred class C—
Jan
20
■
350 ■*>
18%
_1
6%
2%
39%
6%
.
A 180
10%
*10ic
Co——
Corporation
Southern
200
10%
20
common
/
14%
common—10
common
Iron
High
14%
1
common
4%
4%
a98%al01%
263/4
—„—_1
Richfield
for Week
of Prices
11%
10
Paper
Motors
Apr
Sales
39%
,
88
—I
Company
Aircraft
Mfg
Safeway
Range
39%
Mar
10
Republic Petroleum Co common
Detroit Stock Exchange
*
Brown, McLaren Y
————1
Burroughs Adding Machine
—*
77
460
1
Ryan
——————1
35
1,923
Corp
Pacific
DETROIT
common
80
.1,610
*
—1
Petroleum
Lincoln
Lockheed
Solar
Rubber
24
10
Packing Co common
Lane-Wells
Sinclair
Briggs Mfg
Jan
13%
Hupp Motor Car Corp——
Sierra
Balwdwin
21
13%
10
common
Preferred
Pacific
2%
880'
28%
•
Co
Car
Motor
Pacific Clay
Chicago Stock Exchange
2%
Jan
2.75 Mar
24
20
McBean & Co.
Bros
New York Curb Associate
——T
Jan
22%
19%
class A———1
Stores,
Motors
Security
—
1.75
540
Feb
2% Mar
4%
28%
Holly Development Co——-1
Pacific
Telephone: Randolph 0330
Electric
Jan
3
12%
—*
Goodyear Tire & Rubber Co com
*
Rice
Allen
1% Mar
100
19%
III—4
Corp
Television
Farnsworth
Fitzsimmons
6%
Low
52%
12%
Merchants Nat'l Bank__100
&
Farmers
Feb
Members
Last
23%' Feb
Feb
28%
II—Ii
America
Douglas Aircraft Co, Inc—
Feb
WATLING, LERCHEN & CO.
Sale Price
Jan
Jan
50 %
m
——
—
of
Oceanic Oil Co
Week's
5%
*/.
—!
Preferred
Creameries
Apr
Feb
v
8% Mar
65
a23 % a23%
Jan
39 %
310
Building
Jan
53'A Mar
165
Exchange
5%
Feb
9%
75
Dotrolt Stock Exchango
2% Mar
783/4
♦
Consolidated Steel Corp
* Mar
43
150
a
Apr
17%
'
1,109
2.70
2.60
2.70
—
'
330
a&%
Apr
7
Jan
2% Mar
Jan
Corporation
Broadway Dept Store Inc com—
Nordon
stocks—
30
4%
288
Friday
80
51%
20 %
Northrop
Ford
a22% 123 %
190
a48%
Y'.
High
3% Mar
700
100
Diamond
Menasco
New York Stock
4%
4%
8%
18%
Low
High
4
4
21%
6%
Range Since January 1
Shares
2%
55
43A Mar
51%
■
2%
,
6% Mar
Jan
Sales
Range
3%
400
6'A
200
of Prices
2
a
Jan
53/4 Mar
950
for Week
Last
1
17%
a41
2,492
Y
Week's
Friday
Berkey & Gay Furniture Co—
45
a
common.——
•
Angeles Slock Exchange
Blue
a22%
s
Steel
Jan
6%
•
■
Mascot Oil Company—
U
Feb
7%
6%
Apr
41%
'•'-Wi-/ '. v"
__u„
5
4%
5%
11%
a27% a27% "
common..
Steel
3%
4%
27%
a41% a42
*
Oil
Republic
Jan
Jan
6%
Jan
a23%
—,——
Neiv York Central RR corn-
5
Mar
3%
Apr
a59% a60
a48%
/'•
Jan
4
375
4%
:'/-
>»
Mar
14%
13% Mar
a60
_—*
Mar
13 V4
1,775
3%
'
Feb
3%
2% Jan
12 3/a
..
_1
common
Apr
30
32%
a42
'
Industrial
310
5
5
12 %
.
1
common...
Feb
Jan
a28 % a28 %
>——
Jan
4%
10
Los
Gladding,
common
14%
2%
General Paint Corp common
Glidden
Jan
Jan
8%.
27%
13
7%
2,1%
a
572
3 %
common
Feb
39%
Jan
842
16
25
31% Mar
2
J—.
*
Electrical Products
Rubber.
Feb
1
common
Dist
Screw
General
&
Feb
Jan
291/4
11'A
16
—————
Tire
Mar
7'A
5%
758
IIZi
common
B
3%
2,243
31
6%
•30%
14%-
16% Mar
14%
6%
30%
I
Aircraft
Warner
UnlistedFirestone
Feb
100
Mar
23%
:
19%
55
ueneral Electric common—
3%
450
a23%
15%
41
1
Feb
Mar
Jan
3%
common
Radiator
Barker
a50% a50%
_Y-_.
55c
2%
17%
110% Jan
Jan
alO% al0%
Drug Stores
Jan
500
2%
23%
16
Inc
Feb
17%
50
19%
125
32c
2,955
3%
185
2%
-5
3
Jan
50c
_
Pr
46c
43c
3
1
common
Paper
Shirt
Chrysler
~
27%' Jan
Feb
16%
410
8%
Motor
Jan
4%
—1
27%
a23
%
2%
Works
Tool
Apr
7%
Feb
61
57%
689
4%
41
Iron
Dorn
•*64
'
49% Mar
14%
27
__
Jan
27%
9"%
—————-
Van
Vlchek
Jan
6'A Mar
ft' Apr
113
11%
Rubber Y_—-—i
Weinberger
15 %
560
Mar
32%
Y?;;Y 7
9%
„
53%
140
26
11'A
a 23
24
Apr
38
a29% a30%
A—
Products
1,813
7
Mar
129
39%
14
■57
281
__Y
common.—
Thompson
-
ft
159
2L%
26:
__
a30%
Oil of Ohio
Standard
24
63/4
"
—"V
■
4,946
108
108
Bros
Seiberling
21%
«
5
7% Jhn
Jan
:;i4%
—
Mar
Feb
24 % Mar
Apr
IIII5
——-
Electric
Reliance
U
Mar
114%
Jan
——.
Patterson-Sargent'
r
Apr
9%
Tile,
93
Jan
39
LeMur class
13% Mar
23
common
United
6
Cement
National
Union
Feb
109%
Metropolitan Paving Brick——_
National
Jan
22 %
49
(new)___
Portland
Medusa
23 %
Jan
40
Sessions——
&
Jan
19%
8
pfd—_
Jan
Jan
Car
Investment
20%
240
21%
25
Jan
Tlvoli Brewing common
81
345
Steamship
Electric
Jan
common
Raisin
500
•
21%
a52
cum
23%
Apr
6%
Kelley Island Lime & Tr
Lamson
Feb
50%
6
&
Leland
7%
Jan
47
a53% a53%
Machine ——_—
Laughlin——
Jaeger
Jan
Y,
4
common
414%
241
16%
common
Wolverine
Wayne
F)
Ai
5%
10
89%
Tire- & Rubber
iM
25
a59%
(B
Hanna
6%
22%
Goodrich
Feb
25
243A
25
13% Mar
-5
Co—
1%
12%
common
Standard Tube class
7% Feb
Jan
88
21%
5
;
________
Jan
common
Co
Motor
Udylite
88%
•
_______
Bros
Jan
12%
21
—„
Rights
Halle
6%
110
a22% a22%
pfd
Rubber
&
510
all0%a110%
common———
Manufacturing
Eaton
7.
6%
21%
_*
& Cleveland Navigation
Detroit
1%
175
common
Scotten-Dillon
a50% a50%
22%
500
'
Cleveland Cliffs Iron preferred
Cleveland Elec 111 4%%
a
.1
—.
„.
Hone
Davis
River
High
12%
6%
••
Brewing Corp of Anierica y»———-i&YY.yy<Y;
City
Low
6%
*
6%
5
Body
Refractories
Basic
Range Since January 1
12%
Y
50
;
Coach
American
Shares
High
1%
Mar
100
,
Prudential Investing
Rickel (H W) common
for Week
Low
1%
10
Abrasive
Peninsular
Sales
Last
..
Jan
1%
common
Chemical
Parker
Cleveland Slock Exchange
Sale Price
Prod
Michigan Die Casting
Parke,
Par
8
12%
Mach—
&
McClanahan Oil
Feb
Packard
•TOCKS—
Jan
Jan
Park
Week's
53/4
20%
common
Foundry
Murray
Friday
8,665
12%
•
S)
(S
Mid-West
"
7%
203A
common
Products common
Masco
32 % Mar
*
Brands
Roller
Car
Lakey
19% Mar
22%
4
6%
*
B—
Hurd Lock & Mfg common
Apr
17%
—
Motors
Mar
1,343
7
68
Mar
21%
43A
*
_
663/4
Jan
.2%
Hoskins Mfg common
Houdaille-Hershey class
17%
25
Mill
Fuel
High
8%
73/a Mar
62 3/a
10
Bearing
Mar
10
Rolling
&
common—
27-
Kresge
&
Brewing
23% Jan.
i.
116
Y.yY
46
3%
Ball
Kinsel
Ice
Low
'200
7%
663/4
1
„
12
18%
46
Apr
Unlisted-
City
73/4
64%
1
common
Valley
Kingston
American
Range since January 1
High
7%
10
Motors
35
50%
18
50
Preferred
57
26.
50%
18
234
2
26
.26
633
4%
4%
—*
10
-*
—
Playing Card
:
57%
234
234
—*
Rapid
U
**
56
5614
100
—
class B
Shares
Low
3
Industries common
Wood
Grand
Randall
for Week
of Prices
Feb
235
Sales
Range
Par
High
291
38%
Week's
Last
Bale Price
STOCKS—
"
r
•
Procter & Gamble
13
Range Since January 1
High
37%
38%
.Y
—
APRIL
for Week
of Prices
Par
,
ENDING
Friday
Last
Sale Price
■
,•
WEEK
FOR
Sales
Jan
5%
Feb
Juneau
Gold Mining Co.
Imperial Development Co Ltd
-25c
3%C
3%C
20
6%
1,000
2%e
Jan
7%
Feb
Jan
5c
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1688
Monday, April 16, 1945
OTHER STOCK EXCHANGES
Last
•
Sales
Range
Par
Unlisted
Shares
bmeit
American
Tel & Tel
American
Viscose
0
cu
Barnsdall
Bendix
Oil
m'im-
Co—
Service
Columbia
&
Commercial
Coris
Electric
Bond
«
&
&
Goodrich
(Del)
Share
Int'l
Tel
Iron
&
Co
IIIIl
27%
•
IIII7
mm
,„
a
—50
29%
16%
Jan
428
29% Mar
30
•
.
Company —*
Sulphur Co
22%
12'A
34% Mar
Apr
Jan
6%
Jan
50
19 %
Jan
20%
12%
4'%
Railroad
Corp
•
Company
United Air Lines Inc
Jan
5%
Pictures Inc
Co
—
a9%
Westinghouse Elec & Mfg Co
Willys-Overland Motors, Inc.,,
9
10%
Feb
Jan
34%
Mar
Jan
28V4 Mar
35% Mar
80
7%
890
.
39'/s
Feb
9% Mar
Jan
Clark
(D
9%
Co
Candy—
&
Electric
Baldwin Locomotive
Works
Wheel
v
c_, —13
—10
Curtis
Pub
Prior
Co
common
preferred
Delaware
Power
Light
Electric Storage Battery
General
.13%
Jacobs Aircraft
Jan
13 Va
13%
117
13
Jan
15%
Feb
10
10
10% Mar
5%
5
4
:
.1.25
*
Renner Co
7%
1
San Toy Mining
Steel
Glass
_
50 %
26
45
Jan
Mar
19%
145
17%
Jan
11%
602
10 Va
Jan
22 %
720
a
I6V1
19% Jan
Feb
Mar
28%
12%
24
Feb
Vanadium
\tl
1
_
101% Jan
13%
Jan
29%
612
Jan
31%
25%
34
55
39% Mar
39% Mar
17% Jan
20
85 '/4
559
Jan
1%
Jan
2%
Apr
1%
Jan
2%
Apr
37
38
28%
'J'
29%
400
34
213
127% 131
—
Jan
38
27% Mar
235
116%
•
Jan
31%
131
Apr
Feb
Apr
84% Apr
North
4th
1871
St., St. Louis 2, Missouri
Members
85%
Apr
117%
Jan
50
117%
Jan
50
33%
Feb
35
395
28%
Apr
32V4
1%
Chicago Board of Trade
New York Curb Exchange Associate
Bell Teletype SL 693
Jan
1% Jan
Phone
CEntral 7600
Chicago Stock Exch.
Feb
l7/a
500
759
59% Jan
100
13%
225
44%
13%
18%
Feb
92
123
210
67
15%
Jan?'
48
Feb
St. Louis Stock
Mar
Apr
Feb
123
17%
Jan
18%
41
Jan
41
Jan
Low
22%
Inv
Huttig
—
Low
455
17%
157%
Jan
50
16%
25
D
&
28%
253
25 Va
Jan
30% Mar
Johnson
37%
:■/:/ 50
33%
Jan
39% Mar
Knapp
11%
220
10%
Jan
12%
Feb
Laclede
115
10%
Jan
14%
Feb
Laclede
Gas
Laclede
Steel
10
9%
10 Va
62%
4
20%
19%
21%
48%
104%
Feb
11%
Jan
59 V8
454
Jan
16
1,650.
46%
Jan
9% Jan
445
62%
Jan
5Vi
Apr
Feb
12%
St
35%
37 Va
1,911
38%
37%
38%
260
24%
23%
25
28
27%
28%
32%
Jan
Car
Scruggs-V-B
Sterling
Jan
25% Mar
Stix, Baer & Fuller
24%
Jan
28 V4
Wagner Electric
Apr
-100
it
LISTED
WEEK ENDING
Inc
5
common
Aluminum
common
Range
Shares
common
Low
3
common
-100
46%
46
46%
-100
148
148
148
10
10c
9%c
11c
27,600
114
114
200
420
2%
Feb
42% Mar
140
7%c
114
Feb
Jan
Apr
High
Jan
Feb
40
41
169
39Va
Feb
41%
Feb
14%
20
14
Jan
14%
Apr
14
50
11%
Jan
14
Apr
9%
Jan
75
12
12
12
19%
19%
19%
19
19
19
10
31
,;/3tv/
31
200
5
19
60 Va
54%
290
.19//"/
10
60%
1,053
12% Mar
v
.
Mar
5
17% Jan
19%
19
Apr
19
Apr
27%
Jan
34'
Mar
17%
Jan
42%
i
90
5
Jan.
5% Mar
/■
21
60%
Apr
Feb
Apr
22%
—15
t
3
140
Apr
140
Apr
125
V
140
125
7
121%
Jan
125
Apr
21
65
5
12
12
12
30%
30
30%
13
13
16%
16%
37
39
38%
/;•
V
.
Jan
134
Mar
50
136
5
19
12
22%
136
136
4
Jan
9
Jan
12
50
24% Mar
136
'I
Apr
5% Mar
Mar
200
■
27%
Feb
30%
100
11%
Jan
13% Mar
60
13
Jan
16%
Apr
443
:
35
Jan
40
Feb
Apr
13
Ajax Oil & Gas
Low
560
2%
27%
MARKETS
APRIL
Alberta
High
2%
Feb
Jan
50
—10
Week's
Sales
Range
for Week
Sale Price
of Prices
Shares
Par
•
Range Since January 1
-1%
23
100
Last
Sales
Feb
2
1
STOCKS—
for Week
of Prices
Mar
47%
25
3
—10
Funds
Week's
50
■
25
Friday
;
Apr
Jan
14% Mar
140
common..
Jan
Toronto Stock Exchange
Friday
105
14%
n
.100
Feb
CANADIAN
Canadian
20
Apr
2
—_
Bldg Equip common
41
FOR
Jan
—
—25
com
1st preferred
39%
RANGE
/
14%
U 105
1
tf
common-
Rice-Stix Dry Goods common^.
Louis
Apr
38% Mar
Mar
41
.——————
37% Mar
590
Jan
10
«
Cement
21
4,263
lOVa
140
49
—
preferred
Feb
:
34
150
49
*
National Candy common,—,
Mar
2nd
Jan
135
14%
—10
—20
22 V4
Jan
4
36 %
15
II_5
Portland
Feb
62
250
26
26
40
,100
Missouri
68%
1,251
Jan
23%
25%
18
common
1st preferred
5%
Mar
14
62% Mar
Feb
67%
Mar
25%
105
common
McQuay-Norris common
Midwest Piping & Supply
51
64%
10
Jan
18
common
44% Mar
;
Feb
24
105
common
Light
Jan
8
30
_100
Christy
12%
34
;
common
Shoe
High
8% Mar
;■
250
8%
25
1—5
common
Shoe
S)
Jan
Jail
14%
-100
(S
'
35 V2
26
—_
Monarch
30
65
*
com
common
International
27%
35%
92%
8%
33
25
common—
Preferred
28%
60
1%
10
Hydraulic Pressed Brick common- ,100
Mar
37%
98% 101%
33
''
164% Jan
20% Feb
Jan
S
Low
7%
285
8Vs
*
common
Park Brewing
Hyde
High
Jan
1,296
100%
Range Since January 1
High
-
—1
Preferred
Range Since January 1
22 Va
18%
Pepper
8
1 v
Electric Co—
Bottling common
Hussmann-Ligonier
Low
Illil
common
Grlesedieck-Western Brew
162% 163%
18%
Shares
Par
Dr
High
20%
for Week
of Prices
Feb
190
Sales
Range
Sale Price
btocks—
Week's
Last
Feb
430
Exchange
Friday
Mar
7%
Feb
300
100
New York Stock Exchange
St. Louis Stock Exchange
Mar
5% Jan
1692.
9%
2%
Feb
49%
470
8,189
page
12
150
Jan
Mar
2%
Established
<6%
see
Jan
10%
1%
8c
2 Va
29%
—50
300
6%
footnotes
10% Feb
Feb
31% Mar
230
al24
mm-
•
Brake
Apr
Jan
6%
For
Apr
Edward D. Jones & Co.
Feb
18%
Shares
114
Jan
8%
Feb
38
60% Mar
18%
36%
preferred—
Jan
5c
Feb
St Louis Bank
Shoe
90c
St. Louis Listed and Unlisted Securities
Jan
17
Feb
Agnew-Surpass
800
500
Mar
1061/4
for Week
...
Jan
Apr
9'/a Feb
Feb
35% Jan
571/2 Jan
75
Steel
Air
9%
•
2 % Mar
Feb
30
121
Alloys
Westlnehouse
Jan
.
Feb
11% Mar
:
2'/4
——
*
Westinghouse Elec & Mfg
7%
Oil
12%
!
3,500
7c
8%
10%
mm
2%
1
1%
7c
8%
1
common.
vtc
lVa
8%
mm•
1
common
Springs
States
Common
l'/a
1
Oil & Gas
1,569
&
6% Feb
22% Mar
129%
9%
Gas
Apr
Jan
8%
preferred
5%
18% Jan
50
Jan
15 Va
preferred
20
Feb
Jan
21% Mar
Jan
10 % Mar
1%
100
20
5%
2 Va
Jan
2%
Jan
Acme
5j/4
5%
XXH
Mar
18%
6Va
United
Range
2%
120
118%
Jan
*
21%
50
Standard
a44Va a45
Par
21%
mm..-
158
6%
6%
Jan
1V» Mar
305
Feb
al26%al33Va
Sale Price
Feb
4Va
200
.
7%
12%
8TOCKS—
9%
1%
7%
Feb
Jan
a56% a56%
641/2 65 Va
Last
100
1,210
5 Va
1%
■
■si
:;M0>:'/-
4%
mm
3%
129% 129%
5
common
10%
34%
Jan
431
preference
Feb
Jan
8%
Si
10%
Feb
13%
common-
Jan
12
■
1%
8'/a
Pennsylvania Salt Mfg
Philadelphia Electric Co
4%
10%
'
J1
mm
9%
~9%
Corp
Pennsylvania RR
Apr
10%
13%
"
Jan
10%
13%
Pennroad
3%
28%
402
Shamrock
5%
Light——tilT"
12
276
Coal & Navigation
Lehigh Valley RR_
&
150
3%
391
National
Power
2-V
31%
3%
2%
Apr
1,362
Co
Lehigh
i
30%
3%
11%
7'/4
25 V2
66%
Engine
/;7'"/ LOW
12
20%
48%
Motors
Range Since January t
High
2Va
3%
23V4
35
*
&
Low
31
v
1
10%
•
Shares
•
12%
5
for Week
11%
Jan
5%
80
jj
Chrysler Corp
Sales
Range
11 Va
19%
123
common
Co
20 Va Mar
2Va
17Va Mar
of Prices
:
17% Mar
HVa
Feb
Sales
.
Jan
19% Mar
12
Jan
51%
—5c
t
13%
630
l/i-V/f;;
325
1%
163
2,378
19%
II10
370
Week's
::
16%
19%
—10
3,675
18
-100
Barber Asphalt Corp
Budd (E G) Mfg Co
Budd
—♦
„
common..
15%
-*-■
common.
Fuel Supply
Fireproofing Corp
Pittsburgh Brewing common
Pittsburgh Plate Glhss
Pittsburgh Screw & Bolt Corp
6%
Last
,>•
1% Feb
44% Mai-
National
18 Va
Sale Price
& Tel
Jan
1% Jan
20% Mar
Friday
Tel
38%
Mountain
55
Philadelphia Stock Exchange
Company
314
Week's
..
*
-
Coca-Cola
American
Jan
395
,Lone Star Gas
Century
American Stores
; -• 2%
1%
of Prices
•
Co
Burkart Mfg common
Autocar
Jan
43%
■
Brewing
26%
a28% a297/a
Par
Jan
Apr
Apr
1
16%
XiX*'.
Walker Refractories
American
//:'■'
/'
Jan
1%
—
common-
Brewing
Pitt
11% Mar
c
STOCKS—
1%
10%
41 Vs
■'yvHr'%
II100
L)
Harbison
23%
84%
a45
Gas
Gas
Jan
48% Jan
22
230
a447/8 a45
10
Nat
Preferred
Jan
240
990
48% Mar
'
al33Va
.'Apr X
25
295
1
Woolworth Company (P W)
9% Jan
23%
13%
—50
1,694
8%
43%
Sale Price
Allegheny Ludlum Steel
Arkansas
Fort
18%
50
962
18
*
r. Mar
Jan
29%
5
class A
651
2%
Par
Jan
8
52V4 Apr
30
10
27%
a38% a39%
65'/a
%
2Va
Last
Duquesne
a35Vs a35Va
*
16
2 Vs
Friday
Feb
54'%
Jan
a31% a31%
-10
60%
Continental Commercial Corp com.!II_i
37
1%
Company
Corporation——„,
46%
Columbia
Jan
50 V4
25
a29%
Feb
57% Jan
Feb
41%
Jan
875
242
al24
5
Rubber
54%
32
7%
52%
a58% a59Va
-10
_
42%
117
Apr
33%
18%
--
120
211
60%
Mar
43
40% Mar
88
a36% a37Va
.100
Aircraft Corp
United Corporation (Del)
Tel
•
10%
6'/a
Jan
38j/8
a30V4 a31%
a38%
Apr
"
46%
12%
Jan
745
398
465
•
_10
Carbon
9%
600
6V«
842%
21%
«
56/;;
Apr
41%
59%
STOCKS—
Jan
a20
a21% a217/a
„
__
46%
25 Va Mar
>
44%
10
Mar
al027/8al05
a367/a
>,
Jan
15% Jan;
Feb
Jan
_25
i
.,
Gulf
Western Union
Jan
9
5%
I6V4
25
Water Assoc Oil
Warner Bros
18
28V4 Mar
22 %
a31%
Pacific
54
355
11 Va
25
&
18%
170
—15
—
Feb
36%
so
421
Pittsburgh Stock Exchange
it Feb
331/4
al9%
a21%
,
Feb
50
al9%
a 105
43%
45%
41%
Mar
10 V8
Apr
10%
a
a49%
•
,
ii
1,050
30
400
25 %
Carbide
%
Inc
Feb
163
a50
•
Co
&
:
17
a28% a29%
r»
..
29 Va Mar
Apr
5%
*
.
America
United
-
210
16%
»
Brands, Inc,,
Steel
Feb
827
'
--
il
S
5%
a36% 836%
!827%
a36%
Studebaker Corp
Swift & Co—,—,
S
Jan
6V8
■
—25
25
U
41/4
18 '/a
Oil Co (Ind)
Standard Oil Co (N J)
U
Feb
752
5
22%
6%
:n_ 1
Inc
Standard
Union
20%
22%
23%
Jan
Feb
50%
a9% alOVa
•
_•
*
Socony-Vacuum Oil Co
Union
40
Jan
Feb
a54% a57%
#
■
10
_
Co—
Pictures,
-
^
V
—
Roebuck
Texas
Jan
481/2
20'/8
a76% a78Vs
mil
Inc.
Republic Steel Corp—
Bafeway Stores new——
Tide
39%
7
8%
•
•
RR
Car
Corp of
Texas
10
20
a37% a38%
9
19%
.
Feb
25%
a37%
-
Co
Standard
13%
a31% a31%
Oil Co
Sears,
Jan
a9%
mm
•
Pullman Inc
Radio
10%
7«/b '
Canada
Pennsylvania Railroad Co
Phelps Dodge Corp
Pure
186.
50%
7Vs
-mm:
'.'mm
Paramount
12%
a41% a42
•
Motor
Westmoreland
5%
"V :
'■
175 "
60%
113%
United Gas Improvement
Feb
11
'■
Corp
Central
Oil
35% Mar
40%
a41
*
American Aviation,
North American Co
Ohio
Jan
a58% a58%
North
Packard
'mm
,
36% Mar
1%
Apr
Blaw-Knox
12%
Mar
46%
*
34%
—
6%
Inc
York
Corp common
preferred
$3
39%
5%
a42%
: / 32%
'
United
45
a32 V4 a32%
;
'
25
185
a20
;
*
Montgomery Ward & Co, Inc
New
r
10
24
1—25
common.....
39%
mm
•
Kennecott Copper Corp
Libby. McNeill & Llbby
Loew's
•
5.
—
Corp
Tel
Corp
a36'/8
10%
Co
Int'i Nickel Co of
Feb
al8%
•
1
Corp
(B F)
Apr
20
%
'
mm,
5
—
Graham-Paige Motors Corp
Great Northern Ry Co pfd
Interlake
l\i.
& Light Corp
Foods
75»/4
%
1
General Electric Co
General
Jan
Jan
30
——1
Power
631/4
17%
16
1—25;
Co—
A
Electric
Transit Invest
20
4%
16%
34%
*
common—
Preferred
30
5
0
Corp
32 Va
m
Paper
Oil
al8% al8V2
mm-'
__0
Corp—
Continental Oil Company
Curtiss-Wright Corp
Electric
Feb
J
1
Scott
Sun
a5lV8 a51'/8
mm
Continental Motors Corp
Class
24%
Feb
Salt Dome Oil Corp—*,—
a37% a37%
—
'
IIIio
Southern Corp.
IIII1
Aircraft Corp
Vultee
Jan
Jan
27 Va
45%
30%
40 Vs
—
High,.
.
506
23%
X: ' l
1
12%
*
Edison
Commonwealth
17%
Apr
6%
250
a36
a36 Va
25
Solvents
Commonwealth
200
90
75%
a
25
i
Company
Gas
30% Mar
Jan
34%
27
—_50
39%
Pacific Railway Co—
(J I)
Jan
*
18% a 18%
75%
•
—
Caterpillar Tractor Co
Cities
26 Va
34%
Low
/i
31%
—
preferred
High
31%
50
Motors
Range Since January 1
'
Low
'mm
Jan
a49% a49%
*
15
Case
480
305
Jan
Shares
3
Co common—
preferred
i
1st
Reo
Mar
8%
for Week
25
pfd
Corp
2nd
34%
Jan
Jan
Pow 8%
Reading
164% Mar
310
22%
22%
Company—..II—5
Borg-Warner Corp
Feb
6
a27% a28%
28%
5
Corp
Feb
29%
6%
77V4
5%
5%
a
47 V2
90
90
.
3
lj
vtc—
Jan
Elec
Philco
Feb
161
1,900
5
Aviation
Canadian
7%
14%
42%
629
7% V:.:; 7%
Jan
50
32%
Sales
Range
of Prices
Par
High
12
1,052
163
31%
100
Works
Co
Airplane
75
a47% a47%
.v'jVfe;
do
5
Bethlehem Steel Corp
Boeing
a 46%
163
_14
—
Corporation
Locomotive
245
a45J/8
846%
:::i5o
Co
Corp
% F Ry Co
Aviation
13%
Corp——
Helm
Copper Mjuuiug Co
Armour & Co (III)
A T &
Low
Week's
Last
High
13 Vs
Anaconda
Baldwin
Low
Friday
Sale Price
STOCKS—
Phila
Amer Rad «fe Stan San
J 3
Range Since January 1
Stocks—
American
APRIL
for Week
'
Sale Price
ENDING
'
Week's
of Prices
Friday
STOCKS
WEEK
FOR
RANGE
Pacific
Aldermac
Algoma
„
_i
Copper
Steel
1
.
Consol—
Aluminium
Jan
Aluminum
Apr
Anglo
Canadian
Apr
Anglo
Huronian
21,700
15c
1,000
12c
Feb
19c
Mar
15c
Feb
20c
Jan
Low
16 %c
15 %c
19c
105,700
*
15%
15%
15%
1,950
100
„
—
Jan
1.69
99
98
99
15
1.25 Mar
High
1.69
14%
Jan
97
Feb
100
18%
Apr
Jan
Mar
Feb
51%
1.45
15c
1.45
1
High
•
common
Preferred
3%
Range Since January 1
Low
159
11c
114
Ltd
Co.
common™
of
Canada
Oil
—_
5%
•
104%
pfd._100
103%
•
95c
.
I
*
103%
105
102% 103%
350
150
89 %c
97c
19,330
9.00
9.00
220
Jan
108% Mar
100%
Jan
103 V2
73c
95
Jan
1.13 Mar
Jan
9.50 Mar
7.60
Mar
.Volume 161
THE COMMERCIAL &
Number 4377
.
Range
Sale Price
Shares
1
of
Bank
of Nova Scotia
of Toronto
Bank
Exploration & Radium
Beattie Gold Mines Ltd
Bear
A
6c
preferred
of Canada
Belleterre Gold Mining
15%c 22V4C
50
Roofing
;Brantford
Jan
24c
64c
26c
4,113,684
73,766
13,800
11c
31,000
21c
*
1
61c
26c
13%c
56c
24%c
1
10%c
10c
1
21c
15c
22c
1
98c
85c
1.05
Apr
18
Mar
God's
26% Mar
Jan
35
27% Mar
30%
.
12 %c
17,300
25,400
20c
1.73
1.60
1.87
40,347
34
33%
34
120
Feb
24%c Mar
1.87
1.55 Mar
Feb
22%
34 %
Feb
29%
11
163
165
270
10
10
300
Jan
161
3,100
141,953
34c
Apr
Apr
Goodyear Tire & Rubber common
Mining
__
54%
50
Graham
Jan
Grandoro Mines
Feb :
Great
1.30
Lakes
Vtc
preferred
Jan
48c
Common
Jan
52
Apr
24c
24c
27c
33,700
12c
Jan
32c
Mar
Greening
28c
35c
202,500
15 %c
Jan
35c
Apr
Gunnar
29c
17
17
17
745
14%
Jan
18
Feb
•
8
8
125
Mar
8
Feb
8
Halcrow Swayze
3,990
22%
Feb
26
I,282
23%
Jan
25% Mar
Hallnor Mines
•
25
25
25
135
25
Jan
26% Mar
Hamilton
25
22%
22%
100
21
Jan
54
2%
2%
45c
52c
24,500
45c
Mar
69c
Jan
78c
Feb
Harker
Jan
6.50
Jan
Harricana
Apr
Buffalo
•
•
46c
-
Bunker
72c
72c
78c
32,450
5.65
5.65
5.85
1,060
40c
51c
436,592
'45c
•
class
Bros
Class B
Caldwell
Calmont Oils
Canada Bread Co
Malting
B
13
84,500
11c
10c
Apr
12
Mar
.21
Jan
24
Feb
Holiinger Consolidated Gold Mines
Home
110
14
10%
Jan
15%
Jan
11%
Jan
13
Apr
13
100
1.75
1.80
8,400
25c
30c
16,833
6
6%
545
6
Feb
112
112
50
111%
Mar
10
167
9%
/■/f/,/: 5
118
10
20
Jan
22
Feb
225
48%
Apr
52
Jan
—«—•
33%
33%
33%
12%
13
175
175
175
12%
Apr
15
Jan
8
.
:/
158%
Jan
175
Mar
12
6
12%
42
43
140
6
6
!
Dredge
:
Canadian Food Products
Industrial Alcohol
com
.
47%
365
44
Jan
47%
Apr
220
15
Mar
17
Jan
Mar
25%
Feb
19
Feb
Jj
16
25
24%
183/4
1,145
10
10
25
28
283/4
165
47
20
25.
140
21
59
,
59
25
63/4
6%
63/4
300
Mining
Consolidated
&
13%
5
.100
•
—__1
100
—*
(Toronto)
Consumers Gas
Conwest Exploration
Croinor Pershing
Cub
Mines
Coal
Nest
Crow's
Aircraft
Pass—
;
—
*
Petroleum
Davies
Jacknife Gold Mines
Jacola Mines
Jason
M
-
Mines
—————
Mar
13
Jan
Jan
30
Jan
45%
Jan
48
Feb
Kelvinator Co
20%
Mar
23%
Feb
Kerr-Addison
Jan
59
Mar
7%
Jan
1.35
Gold
Kirkland Hudson
Townsite
Labrador
Mining & Exploration.
Jan
19
Jan
21
Mar
150
Jan
160
Feb
Lake
13%
5,428
Jan
15%
Feb
Lake Fortune
13%
2.85
2,800
1.80
Jan
2.90
Apr
Lake
2.60
1.10
3,000
1.00
Jan
1.25
Jan
Lamaque
1.99
Jan
2.53
Feb
4,670
20c
27c
84,100
50c
10,406
12%c Jan
32c
Apr
Jan
60c
1.78
1.90
9,943
1.56
Jan
3.30
3.45
14,300
2.94
Jan
13%
Jan
13
Jan
55,600
43c
Jan
62c
Jan
2,000
Z2c
Apr
43c
Mar
2.00
2.00
2.10
550
1.33
Jan
2.25
1.60
1.55
1.60
4,700
1.45
Jan
1.74 Jan
3,753
Mines
Gold
Jan
60%
145% Mar
149%
49
Apr
Gold Mines, Ltd
Gold Mines Ltd
Groceterias class A
Loblaw
Class "B"
Goldfields
Louvicourt
"•art
Mining Co
Cr^st
....
1.15
Jan
6,300
3%c
Jan
13c
42%
Feb
50%
1
1
25
1
East
Sullivan
Elder
Gold
Eldona
Mines
Gold
Falconbridge
Famous
Pannv
Mines
Investments
Candv
Kirkland
1.85
Mar
Apr
28%c Mar
Mining...
'
Red
McKenzie
Lake
Red
McWatters
Gold
40
Mills
7
8 %
Jan
Mid-Continental Oil
14
Jan
16%
Feb
15%
60
13
Jan
15%
Feb
Mining Corp
Monarch Knitting
8%
Apr
7%
Jan
8
8
325
1.75
2.06
270,800
98c
Jan
2.50 Mar
75c
403,436
22c
Jan
75c
40c
71,500
35%
36%
40
70c
65c
84c
95c
2.05
50c
4.85
4.90
10c
Apr
8c
10c
216,100
1.33
1.33
1.42
12,950
1.15
Jan
1.50
1.40
7,750
1.23
Jan
1.60
300
1.36
1.35
26%
26'A.
27%
25%
25%
1.53
1.71
3c
is
1.71
16
44,900
:
Jan
27
Feb
25
Mar
89c
Jan
2.09 Mar
Jan
4.40
'
■V
Feb
Feb
28
26% Mar
3.85
5,995
Jan
Apr
Moneta
12
Monre
Corp
Class
11c
2.26
Jan
Jan
21c
3.00
Apr
Light
&
—.
Mosher Long Lac—
—
Feb
National
Grocers
201,200
53c
Apr
84c
Apr
2,374,000
16c
Jan
2.05
Apr
29
10
27% Mar
38
60
37
13c
10c
15C
122,400
5%c
Jan
Jan
30
39%
15c
9%
10 %
160
8%
Jan
105%
105'A
106
57
105%
Feb
61%
63
2,140
59%
Jan
'
Feb
common..
—
National Steel Car
Apr
Neeus
New
Apr
9%
Jan
Jan
Feb
12
Feb
107
67% Mar
1.42
1.58
35,425
7c
5'Ac
7'Ac
103,000
31
29c
33c
52,755
16c
Jan
45c
Mar
1.35 Mar
4'Ac Jan
1.65
Jan
Apr
7'Ac
35c
52,556
22%c
Jan
35c
Apr
13%
225
12%
Jan
14
Feb
29c
26c
34c
326,300
17c
Jan
34c
37,948
30c
5.85
6.35
1.25
1.25
1.25
74c
74c
79c
.
101
22%
24
7,100
2,455
58
59
390
.100
230
230
230
10
...1
27c
27c
28c
10,600
—
40
18
1
Jan
Feb
53c
Jan
6.35
126
1.10
20% Mar
24
Jan
60
225'A Mar
230
57
Apr
Apr
Mar
Feb
Apr
Jan
Apr
20c
Jan,,
30c
Mar
Mar
40
40
100
40
40
Mar
12%
'29'A
500
12 'A
Feb
13
Jan
275
28
Mar
30
Jan
17% Mar
20
Jan
Jan
215
Apr
29
18
18
220
215
215
5
1.65
1.50
1.75
38,200
68c
5
1.99
92
12%
-*
*
—20
Bidlamaque
Nipissing Mines
15c
24%
1
—100
Trust
Mines
Jan,
63
Feb
Mar
8% Mar
21 %
1.55
*
38
29
480
Feb
Jan
38
Jan
435
9%
common
35%
38
8c
39,250
58
Breweries common
29
Feb
Feb
23
& Power..
National
5.65
16%
20
15c
—1
Heat
Feb
Jan
Jan
Apr
8%
Too
preferred
63c
4.30
35
12c
,
5.95
Mar
4.85
'
8%
.100
Gas
A
Preferred
12
12%
465
12%
17%
22'A
14c
8%
22%
32c
Porcupine
Montreal
4c
17%
Feb
13%
38c
650
Apr
Jan
9c
1
1
•
•
*
1
•
630
Mar
Gold
Mar
1,005
21,600
Apr
17
475
...
15
151,800
22c
Jan
17
Mines
—
7%
21c
18% Mar
Jan
16%
1
——
Lake
McMarmac
2%
7%
60c
Jan
9c
16%
...1
Mines
Gold Mines
14%
2.67
15%
75
—5
Mclntyre Porcupine Mines
Mercury
Apr
18c
Apr
-
'-
""202,900
5%c
._—
Jan
35%
2.60
8.25 Mar
18
common-
Preferred
Apr
Mar
8
2.60
24% Mar
Jan
22c
Oil common..
Frontenac
McColl
Mar
2%
1.90
18%C
Jan
6.15
18
1
27
14%
33 3/4 c
17%
15c
.20
15
63c
522
338
1,365,720
19 %c
common
17
24%
75
1
Shops
8.00
3.45 Mar
1.60 Feb
22c
Apr
Feb
550
17
1
Players
22%
I
I,
Apr
6c
Feb
26
17
•
Mines..
22
7.75
Jan
1.05 Mar
13c
Jan
McLellan
*
Nickel
22%
2.35
5,200
22c
2c
National
Farmer
Federal
10
25
2.03
•
Oh
East Malartic Mines
Economic
I
:
4,210
1.30
13c
169,300
Milling Co
Preferred
18,900
8c
Feb
Mines
2.95
1.15
6c
Malartic
Apr
1.85
7c
11%
Duquesne
2.80
Feb
Massey-nams
11%
Donaldo
Mar
Feb
Jan
Dominion Woollens common
,A',. 30c
3.80
Maralgo Mines
Jan
Dominion Tar & Chemical common
Apr
1.25 Mar
Jan
Jan
Jan
Mar
11%
15
1.00
14c
1.17
Mar
1.60
7%
4,500
3.25
17c
19%
25
*
•
•
1
25,550
25c
18,600
75c
Feb
Stores
1.15
3.55
Jan
Jan
Steel class B
1.07
Feb
Apr
1.30
3.40
Apr
18
Dominion
1.07
14%
2.30
60c
25%
Dominion
Mar
3.55
12%c
25
10,000
26
19'A
Apr
Jan
50c
1
Apr
16c
38
17
22,350
1
40%
60c
2%
Apr
Mines—
Lake Gold
Gold Fields
Red
Madsen
Feb
14c
2%
Apr
11c
2.86
38%
60c
35%
13c
Jan
2.76
50
2%
Jan
3c
11%
1.30
Apr
5'Ac
Jan
40%
50
Jan
40c
Jan
Jan
40%
240
—
Apr
18c
2.25
Maple Leaf
Preferred
470
Preferred
Feb
13c
28c
55
2.95
Manitoba & Eastern Mines—.
Feb
19'/a
Dominion
39c
Jan
2.17
1.60 Mar
100
Mar
3c
11,425
1.92 Mar
25%
25c
12,950
Jan
273/4
•
Jan
2.44
1.21
50%
_*
Scottish Investors common_l
Apr
10c
2.82
1.55 Mar
—
Apr
4.10
16.099
183/4
Malting
Feb
1.60
•
1.45
2.30
48.100
473/4
Foundries & Steel com
37%
24% Mar
2.65
147
26%
Dominion
Feb
Jan
Jan
4.00
1.75
18%
Dominion
106
31%
21%
2.75
1.40
100
Jan
105
4.00
1.60
11%
Apr
1
1.24
50%
common
Bank
28
1
Ltd
Mines,
Macassa
145%
Ltd
Mines
Apr
Jan
-3
Mines
Oro
Jan
1.40
Jan
18
1.30
•
10
Dominion Dairies common——*
Seagrams
Distillers
Dominion
9'A
Jan
12,126
19
14%
Apr
Jan
8
MacLeod-Cocxshutt Gold Mines—
1,090
Dome
13%
._1
Apr
1
»
Denison Gold Mines..
15% Mar
Jan
Mar
22'A
95c
—
1.70
7c
Jan
-
Feb
71c
19c
145%
14c
Jan
8v
8.00
58
100
Jan
19'A
Jan
7
-1
1
Ltd
60
'■/•
25'A
12%
—1
Little Long Lac
59c
12%
-1
Lapa Cadillac Gold Mines
Laura Secord Candy—
Leitch
38c
35%
13%
21c
-I'-
Gold Mines—
Mines.
Shore
Jan
38c
Mar
Apr
18%
*
Lebel
53 %c
425
——
Dufault Mines Ltd
Jan
3.70
46c
- •
Jan
18,500
28,900
56,000
20,964
57,082
43,981
-
Apr
Apr
19'A
745
15
3,420
2,295
2,515
15c
29c
13c
40c
13c
11c
15c
-
30
200
105.700
8%
1.40
-Jan
Feb
39c
50c
Jan
34c
Feb
4.30 Mar
—
Mar
25c
Mar
Mar
12%
Apr
■
1.05
Lang & Sons
2.42
13%
19
Jan
70c
25
2.35
12c
He
13%c
25c
5c
36c
10c
5%c
14%
1
—
Lake
60
2.30
—
•
III
Mines
Kirkland
II,100
11%
-
14c
28'Ac
8c
Jan
•
21
'
1
*
'.l
1
1
1
*
160
603/4
—1
Mines
Consolidated
1.05
13
Mining—.;——1
Uranium
Jack Waite Mining
J
—
35%
22%
1.50
•
_•
20
Jan
150
27 27'A
105
105
34% 35%
22% 227/a
1.45 1.60
27'A
Jan
3'Ac
1,225
7%
60c
25c
500
2,715
7%
Apr
Apr
27'Ac
*[
Apr
3.05
35
12% 13%
Feb
75c
10%
<
Apr
Apr
1.00
Jan
18
1,225
20
19 19%
14'A 14'A
—68%
1
1.35
1.12
Petroleum
International
19
14 %
13
—
A
common
.—
21
99 c
£1
'International Nickel Co common
Jellicoe
54c
1
Delnite Mines
Preferred
..
•
————100
International Metals
19 "A
65c
Mar
20c
17,850
40c 44c
33 33'A
33
Feb
14c
Jan
43'Ac Jan
43,150
56,300
557,900
—
;■
Inglis, John
Inspiration Mln & Devel-
10
6% Jan
34
15c
50
Feb
90c
•
Apr
21c
2,150
30
12%c
40
8
54'Ac
4,140
3.80
44c
/
*
*
—
28%
49 %
,
.10
_
*
Imperial Tobacco of Canada ordinary_5
Imperial Bank of Canada
Imperial Oil
International
38c
.
—
17% Feb
1
1
1
Mines
:
Mining & Smelting
Bay
Hunts Ltd class B
160
--
1.78
3,35
Smelting
Gold
Hudson
_.
Kirkland
42c
—•
■;
—
Gold Mines—
1.10
99c
21
160
2.30
25 %c
i
24
415
25
18%
Gas
&
Mar
46 3A
——
Mines
13
8
20
.*
*
A—»
•
1
Commonwealth Petroleum —...—*
Coniagas Mines
—5
Coniaurum
Jan
1,475
47
Lake
Coin
Jan
1,970
Co
Plow
Cockshutt
15
12
•
Mines
Jan
15
r
Central Patricia Gold Mines
1
Central Porcupine Mines
1
Chemical Research
—
1
Chesterville Larder Lake Gold Mines—1
Gold
Mar
12%
28
common...
Willans
Feb
6%
143/B
15%
*
.„—*
Preferred
100
Canadian Pacific Ry
25
Cariboo Gold Quartz Mines——
1
Castle Trethewey Mines
..1
Cochenour
46%
Jan
47
Malartic
Oils
14
Jan
14
•
.
Jan
12%
25
common
•
14%
20
common
-
39%
5%
50
■
Feb
11%
969
-
;
Oil
11 11%
3.60
34
12%c
47
Yellowknife
Homestead
18'A,
11
Apr
Apr
5'Ac
75c
17,334
60c 2,080,300
20
395
3.65
Feb
7%
•71c
62,605
90c
71c
28c
>.
Apr
3.85
Feb
6 '/a
1,660
75c
,
Apr
15c
Jan
3.10 Jan
1,795
71c
60c
19
5
Feb
12c
J an
3c
Apr
Apr
11%
6'A
80c
_*
_
34% Mar
Jan
•.
Paper
Oil
Homer
Hosco
.
Dauch
&
Preferred
33
35
if'iv
12
42%■'v.
Jan
125
260
vav:.'
Cadillac
Hinde
13
51c
Jan
5c
75c - 32,550
14c
220,900
65c 2,300,550
73c
9c
V 27c
Jan
10%
49
Foundry
Canadian
Jan
20
18 %
Canadian
6% Mar
112
120
Celanese
Canadian
Feb
30c
Heva
Howey
*
Canadian
Jan
21c
Feb
2.15
20
Conv
Canadian
Jan
1.70
120
♦
Car &
Jan
8%
1
Jan
48%
preferred
Mar
22'Ac Jan
1
1
*
—
Heath Gold Mines
17%
49
•
Preferred _———»——ii—i—•
Canadian Canners common
——•
New
Mines
10%
20
—
Mar
30
637,650
200
6%'/.' 6%
75c
12c
56c
Feb
6
Jan
"430
7%
7
7%
J
15c.
3.60
Feb
Jan
30
Jan
26,000 *
12c
9c
8c
3.60
—
6%
Mines
Gold
3%c Jan
112
Breweries common
Canadian
Gold
140
120
preferred
preferred
Apr
12%
40
51c
ll%c
Apr
6'A
5 %
13
-
Apr
27'A
25
10
Apr
Mar
17c
Feb
26'A
40'Ac
9%
Jan
15c
Jan
5%
—•
10
Apr
57
Jan
11c
44'Ac
1
1
1
600
.100
;
4'Ac
5%
28
—
22c
53'A Mar
5%
28
—
5%
•
—*
Harding Carpets
!——
Rock Gold Mines
45,600
6%
Mortgage.—-HOO
Canada Steamship Lines common..—•
Preferred
*—*;——50
Canadian Bakeries common———.*
Canadian Bank Commerce
10
1st
Mar
21
Forging A—*
•
—
97c
50
45
150
Hard
12
29c
Permanent
Canadian
51c
Apr
Feb
Canada Packers class A
Class
Feb
2%
10c
.
——
Canada Foundry &
Canada
•
73Vac Jan
4c
9%
Class A
Canada
8%c Jan
1.75
*
100
common
Canada Cement common
Preferred
5.20
13
*
*
1
;
Apr
5'A
26%
*
12
14
pfd
90c
5V4
26%
Co__
18% Jan
21
Edmonton Corp Ltd
rcaigary &
Feb
Bridge
200
_
Mills 2nd
8c
5%.,;
1
—
20%
—i
Linen
1.05
Jan
2,000
1
1;
Mines-—
Gold
9c
A
Jan
73,200
•
12
Burlington Steel
Burns
Jan
3c
1
20
Extension
Hill
2%
45
.
•
Products
Building
Halliwell
1
Gold Mines
Canadian
9c
16c
Mines
Hasaga Mines
British Dominion. Oil—
Jan
14c Mar
83c
15c
24% Mar
•
Columbia Packers
i Broulan Porcupine Mines, Ltd
Buffalo Ankerite Gold Mines
Mar
28c
110,600
9c
Gypsum Lime & Alabastine
25
—
85c
Jan
656,900
—*
Ltd
Mines
24
Columbia Power class A
Apr
Jan
Jan
15c
*
Wire
Gold
24
Class "B"
24c
4c
15c
*
24
British
Jan
Mar
50
25
52
52
__
———*
i British American Oil
Mar
27c
13c
~Nv;
—
—
24%
-British
Jan
28c
21'Ao
*
Preferred
Jan
75c
Jan
3%c
*
Paper vtc common
11%
Apr
9c
1
Bousquet
Mac
6.50 Mar
Apr
Jan
Jan
105
Feb
8c
130,700
97 35
54%
96
5vec
95
6%c
1
*
Co
Preferred
165
10%
Mar
Mining
111%
Jan
90c
Gate
Goodfish
Apr
Feb
9.50
Mines
Eagle
Golden
,-
Golden Manitou Mines
26
111% Mar
111% 111%
Mines Ltd
Lake
Goldale Mine
Feb
2.35
Mar
1.52
75
26
1.20
v
Feb
17
.
19c
Jan
Jan
16
Gold
44c
Mar
Mar
101%
5
1
30
1.70
35'Ac
100
105
5,670
17c
Mar
Jan
Apr
•15
8,525
112,500
12
97
35c
20c
Gold
9.25 Feb
102
7.30
Brazilian Traction Light & Pwr com—•
'
16%
1
22c
1.60
37c
52'/ac Apr
1
Co_
*
common—
19c
19c
290
29
1.06
50
40
10
290
Rights
Gillies Lake-Porcupine Gold
Mar
10 %c
16'Ac
10
Jan
12
19c
Wares
Giant Yellowknife Gold Mines
Glenora
18c
164
Jan
13c
96,849
16%
l
Ltd
98
7.00
4.25
276,917
26
10%
12
98 99%
102% 102%
__
1.25 Mar
Jan
3.60
38c 52%C
50
Mines,
:Bralorne
*
7.25
Jan
74c
6,667
29%
Feb
6.75
—1
Preferred
50,500
29
77c
Apr
17
105
General Steel
Feb
159,700
28%
Jan
6.20
6.50
—100
100
;
Feb
59c
3,050
70c
27
15
101%
Apr
46c
1.63
preferred
Ribbon
Blue
65c
Jan
—
62c
Mar
39c
28%
1
rflobjo Mines Ltd
Bonetal Gold Mines
660
High
Low
175
19,300
27
24%
—————_100
Apr
1.20
16%
Gold
Bldgood Kirkland
'i
common
preferred
49c
4.10
:—1-1
1
Mines
Apr
Power
preferred
5%%
67,000
v
90c
35c
*
River
Berens
62c
3.90
—100
100
Class B
2nd
Bell Telephone
16c
356,850
27c
5%
26%
•
Exploration
Gatineau
35c
*
Brothers Class
Beatty
Jan
65,400
18c
10
*
1
1
.
Mining
Metals
Base
Mar
27c
18,000
17c
38c
1
10
10
Montreal
Bank
21c
42c
27
•
Mines
Apr
Jan
Gold
•
class A
Canada
of
Co
Range Since January 1
High
Low
_
1
Eagamac Mines
—
Bankfield Consolidated Mines
Apr
42c
12c
37c
Frobisher
25c
1.10
1
1
Mines
Geld
Francoeur
Jan
4.05
1
—
Gold Mines
Aumaque
Feb
Mar
35c
49c
Ford
10c
28c
20c
Apr
164,350
25c
62c
;>
————————
Aubelle Mines Ltd
Aunor
Apr
20c
1
,
16c
14c
1
Yellowknife
10,100
■
90c
25c
Jan
36c
1
Atlas
75c
16c
25c
Armistice Gold
2,400
16c 19'Ac
17 %c
1
Ashley Gold
Astoria Quebec Mines
Shares
Par
High
Low
90c
84c
88c
STOCKS—
1
Range Since January
High
Low
———————1
Mines
Gold
Arjon
for Week
for Week
of Prices
Par
Aquarius Porcupine Gold
Area Gold Mines Ltd
Sales
Range
of Prices
Friday,
Last
STOCKS—
Week's
Last
Sale Price
bales
Week's
Friday
APRIL 13
WEEK ENDING
FOR
RANGE
MARKETS
LISTED
CANADIAN
1689
FINANCIAL CHRONICLE
60c
71c
209,001
2.90
2.78
2.90
460
185
1:26
39c
2.35
Jan
1.85
Feb
Jan
71c
Jan
3.00 Mar
Apr
I
For
footnotes see
page
1692.
THE COMMERCIAL & FINANCIAL CHRONICLE
1690
CANADIAN
Week's
Range
Shares
Friday
Par
Noranda Mines
Norbenite
Nordon
Low
Oil
53
54
1,840
1.15
1.12
1.30
32,900
l
18c 19
Norgold Mines Ltd
'
*
.
Low
53%
—
%c
Normetal
Mining
Northland
Northern
Corp
Mines
North Star Oil
.
Apr
19 %c
Apr
Ymir Yankee
6%C
Jan
15%c
Apr
York
Mines
Feb
85c
Jan
27C
Apr
1.10
Jan
6
6%
120
5%
5%
1
3.25
3.90
3.45
Z>Z
120
5
100
.Feb
16%
4.00
4,345
3.30
Jan
4.60
19c
23c
73,500
3%c
Jan
25c
12
110
9%
Feb
12
Mar
34
$2,300
33%
Feb
35'A
Jan
Girl
Knitting
common
5'A
.
Jan
Jan
7%
VV
?
2.26 Mar
238,620
3.90
52c
6,900
42c
Jan
58c
6s
Feb
24c
30c
83,400
22c
Jan
30c
Feb
1
49c
57c
57c
195,982
34c
Jan
8%
9%
300
6
Jan
5%
25
5
Jan
7% Mar
43c
•
Toronto Stock Exchange-Curb Section
Apr
9% Mar
5%
*
--
•
15c
24,100
60c
60c 67 %c
50,000
53c
53c
1,000
109
109
110
14c
•
Pacific Oil & Refining—
Pacific Petroleum
Canadian
Funds
13c
IIIII1
•
Jan
10c
47c
Feb
50C
85„
Mar
99
18c
Feb
Feb
67 %c
60c
Porcupine
Mines
•
Ltd
H
Pandora Cadillac
Paramaque
Partanen
1.45
i
1.41
1.50
8,675
1.19
stocks—
Apr
Columbia
1.75
Pulp
&
Low
38'%
38%
-1
100
18c
16c
30c
165,465
8c
Jan
30c
Gold
40c
85,000
28c
Mar
44c
Mar
7c
12c
181,200
4c
Feb
12c
Apr
Canadian Marconi Co
—1
54c
52 %c
63c
477,524
37c
Jan
63c
Apr
Coast Copper
Canada
5%
Consolidated
5%
205
5%
Apr
1.64
1.52
L68
35,460
1.06
Jan
1.68
3.40
3.30
3.50
2,805
2.40
Jan
3.90
Feb
Dalhousie
—i
6.00
5.40
6.10
3,618
4.35
Jan
6.75 Mar
Dominion
5'/a
Jan
Gold Mines
Co.
Powell
River
Powell
Rouyn
—i
32c
107,500
18%
665
1.60
1.40
1.64
1.22
1.38
—
i
32c
18%
1.35
Gold
Voting trust certificates
Corporation
27c
18%
—
7
7
115
*
Power
•
25C
Mar
Premier
1.70
Trust
Preston
East
Dome
Mines—
-1
International
Ontario
1.64
Jan
1.38
7
Feb
9
1.70
Jan
——
Jan
3%
65c
Jan
1.00
Apr
8%
8%
2,060
8
Jan
9%
Jan
11%
11%
100
Jan
35c
2,716
10
48
Mar
300
14
Mar
16
Feb
1.15
8,800
3.25
46,050
2.45
Jan
3.25
Apr
Reliance
2,125
11%
Apr
12%
Apr
45c
60c
15,700
60c
18c
20c
36c
15,800
6%
7
246
41%
110
90c
1.10
22,000
1.09
1.00
1.00
1.11
9.25
Mar
8%c
9c
5,000
36
37
130
15c
18c
43c
14,000
8c
38,000
1
8'Ac
common
18c
—1
Feb
40c
6'% Mar
101,778
7%c
15c
41
17,243
7.90
Roche Long Lac
Rouyn Merger Gold Mines.
—1
Royal Bank
„10
San Antonio Gold Mines Ltd
Sand River Gold
Scythes Ltd
Mining
1.00
Jan
Sberntt-Goraon
1.39
Grain
4'/4C
Jan
97/aC
Mines
Silverwoods Dairies
9%c
34
Mar
37
Jan
18c
Preferred
Siscoe
Gold
Bladen
South
Southwest
Springer
Co
90c
1,45
1,354,830
4.90
31c
1.45
Jan
16%
Feb
18
3C
Jan
17c
75c
13,286
65C
Jan
82c
Associated
14
14%
1,140
12%
Jan
15% Mar
10
10
10%
197
9
9
9
509
18
18
18
680
;
10
Apr
13
9
Apr
10 V*
101
100%
101
195
70c
70c
75c
12,250
58C
Jan
53c
63c
74,600
50c
Mar
64c
7'Ac
9c
101,000
3c
Jan
9c
25c
25c
500
15c
1.45
1.68
—
8,700
7%
10
4
4
4
400
10%
100
Feb
Mar
14
101
85c
Feb
30c
1.25
Jan
1.84
7
Apr
8
3%
Feb
5%
4%
100
7
Mar
8
68
Feb
74
Feb
40
Feb
76
22,200
20c
Feb
27c
-1
lie
8c
12c
42,000
4%c
Jan
12c
-1
2.90
Mines.
New
B
Finance
rights.
4.45
1.30
—.
...L
"A"
w
ii *
1
Ventures, Ltd.
i
•
Oils
1
-
Waite-Amulet Mines, Ltd
Walker-Gooderham & Worts
corn-
5,400
51c
25,520
90c
Jan
28%
15
28%
Feb
38c
35c
48c
102
102
18
200
1.80
2.01
80,800
8%
685
8'/4
Jan
30
30
20
27%
Jan
17%
17%
17%
75
17
Feb
44
44
44
335
44
46%
5%
Apr
Apr
6
Feb
11c
5%
"5%
25
10c
2,000
4
2.02
14'
17%c
2.00
13 >/4
4%
2.20
578
14,700
14'/a
2,516
17c 20%c
4.80
4.95
2.50
Apr
Apr
102
15
Feb
18
3%
Jan
3.15
18
Apr
2.60
Jan
26c
Feb
5.00
514
Mar
75'%
21V*
Jan
22%
Feb
1.51
27,200
1.20
Jan
18%
common
4% % preferred
100%
__
Wiltsey-Coghlan Mines
Winnipeg Electric common
37c
.100
see
page
115
160
99
Feb
1692.
25c
38c
1,923,650
6
Preferred
footnotes
19
100 100%
6%
170
77
78
40
Jan
1.75 Mar
15%
Jan
18
Jan
'
1.63
18%
20
101%
Jan
6
68%
9%
10
1,040
9%
Jan
35
119%
Feb
123
Jan
Feb
16
Apr
10 % Jan
12
Apr
Feb
385
i6
12
12
2% Mar
100
12%
12
12%
8%
2%
Feb
11
Jan
32
Jan
18%
25
12'A
47
Jan
21
Mar
15
10%
Jan
130
7'/a
Jan
10%
Jan
282
11%
Jan',
133/4
Feb
121
40
Jan
46 3/4
8%
Jan
13
V
3,680
46%
47%
541
44%
Jan
38%
38%
10
38'A
Apr
10%
'
■r
Feb
Mar
47%
Apr
403/e Mar
10
210
10
Mar
13
Jan
28
,28
28%
165
28
Apr
30
Jan
47
47
47%
270
46
Jan
47%
V,:;—
160% 160%
30
160
Jan
:
,
IIII*:
'•
.
Apr
47
Mar
%•:. 7%
6% Apr
15% Mar
7%
Jan
173/4
Jan
Jan
6% £ 6%
100
16%
450
13%
13%
4,273
11%
Feb
15 %
Feb
12%
13
25
12%
Apr
133/4
Jan
Apr
;
~
58
60%
4,533
49
Jan
60%
34%
34%
35
115
33
Jan
35
Feb
50
,48
50
966
423/4
Jan
50
Apr
29% ,30%
265
29
Feb
31%
Jan
12
12
725
11% Mar
12%
Jan
11
11%
396
9Va
Jan
11%
Jan
29
29
2
27%
Jan
30
Jan
Jan
131
Mar
60%.
•
'
'
III25
12
,
v>"
11%.
,'•1-
--
f*.
1:7%
—100
.-is-—
120
Apr
12%
:
25
B
Apr
Jan
6%
13%
common
Coal
33
Feb
Mar
16%
'
•
*
Ltd
120
10
725
163
16%
—
Stores
10
44
6%
i44
1—25
pfd
120
120
6%
m
•ii;
—
130
130
7%
7%
3,510
14
15
49,250
14%
15
.
•
15
IIlOO
<r'. •' ^;
•
common
109% 109%
.172
Ilioo
s„
55
124
7% Mar
8%
Jan
14
Jan
15%
Feb
1,835
123/4
Jan
15%
Feb
72
72
140
109%
Feb
186
1*6% 116%
72
5
Jan
Dryden Paper
—
Corp
.
9
9
13'A
13
v
—
1
-
4.
Enamel1
& Heating, Products
English Electric class "A"
Foundation Co of Canada—
9
Jan
103/4
Jan
Jan
14%
Feb
Gatineau Power
•
common
.
,
7%
—
•
8
125
•
.
...
"
Jan
.
12%
6%
Jan
8
Jan
24%
25
24 'A
Apr
28'%
Jan
290
20%
Jan
22 %
Apr
24%
"
75
510
Jan
163%
21%; 22%
,
.22'%
*.*
13%
74
Feb
■-/
;
i
*
.
.9
110% Mar
161%
"
•
117%
11%
100
100
50
10%
Jan
11% Mar
-
5%
preferred
—100
„—
,*
s.
100
30
97
Feb
95
102
Mar
104%
15% Mar
17%
100
Mar
■*
-5%%- preferred
100
Wares
'
102% 102%
v
Preferred
"
15%
15%
16
546
.100
common
104
104
104
45
102
5
54
Jan
105
Jan
Jan
Mar
Feb
Mar
Feb
Goodyear Tire
Gurd
Pfd
(Charles)
Inc
1927—
common
Gypsum, Lime & Alabastine
8c
15
400
.
42%
—
Glass
General Steel
1.15
common—
Preferred
Jan
1,270
Mar
25 y8 Mar
20
—100
preferred
Preferred
Jan
71
21%
1.43
165
2%
42
«
Dominion. Textile
Jan
70»/4
22% Feb
5,263
11%
8%
_*
Plow
Dairies
Electrolux
4.60
Feb
161
111
25
Apr
—100
Dominion Tar & Chemical com.
Jan
12c
25
Feb
23%
"
Jan
18,449
10,600
173/4
Mar
85,900
1.35
Jan
Mar
*
Locomotive
Coal
Dominion
16% Mar
17%
14%
12%
1—25
Dominion Steel &
Mar
Jan
17
340
120% 120'A
—
Preferred
Feb
12
1.15
Feb
16%
42%
____
common
Alcohol
Dominion
Mar
21%
1.24
55
Zi:-r
Feb
70
Products
Apr
16
•
—
Dominion
Apr
1.46
Malartic
53%
20
19%
Dominion Bridge
Apr
5%
1.85 Mar
69
common
Dominion Glass common
9%
30
50
;
Distillers Seagrams com
Jan
102
2,610
53%
*
common
1%
Ind
Consumers
Mar
48c
24%c Jan
1.60
Jan
30
23'A
10
Consolidated Mining & Smelting— IIII&
Mar
5%
88c
103% Mar
162 164 'A
t-Z^'iPZ
."B'%^————s———_
Cockshutt
Mar
6c
8%
50,45^
Jan
Jan
8%
Canadian Pacific Railway
Jan
21%
Preferred
Class
Apr
1.40
64c
4.90
Wasa Lake Gold Mines
For
4.75
8%C
..25
Ltd
Jan
1.25 Mar
2.50
•
.50
Upper Canada Mines Ltd.
Westons
3.60
100
100'%
Foreign Investments—
Canadian
Jan
23,220
1.30
60c
•
"A"_.
*
Western Steel
17%
4.75
2.00
Steel
Vermilata
Apr
2.50
Oils
United
16%
1.90
.
I
class
240
®
45
23%
—
*
Celanese
Canadian
Feb
18
Class B
West
4.65
3.15
Jan
108'% Mar
50
Canadian Fairbanks
Apr
102
1
preferred
Class M
United
17
2.45
1.85
Jan
2%
Power
preferred
Canada
28%
Union Gas Co
United Fuel
9,805
16%
——
Corp class
2.95
17
common.
Transcontinental Resources
United
2.85
,1.50 Jan
94'%
11%
S
u
I
Jan
Jan
227
16%
24
*
—
High
19
14%
162
100
common-
;
Breweries
Preferred
3.38 Mar
60c
1
Towagmac Exploration
Traders
15,800
Jan
Low
ZZ
53'A
;•
Foundries
Range Since January 1
High
22%
•
Northern
Canadian
Apr
2.40
Exchange
728
*
class "B"
Power
Canadian Car & Foundry common
Mar
Sudbury Contact
1.80
Jan
'
Feb
19,495
1.61
Jan
18%c
7%c Jan
Mar
104 105%
23%
•
Preferred
Jan
45
75
i
23c
102% 103%
—100
preferred
Canadian
Jan
7
70
1.70
99
Feb
Sales
—
Canadian Bronze
7
-1
Jan
21c
Shares
Mar
26c
-5
Jan
95%
for Week
16%
of Canada
4
Feb
2.99
III
Mar
1.55
Fnnds
12%
Canada
Mar
24c
Teck-Hughes Gold Mines
37,000
Range
*
—
Iron
Preferred
Apr
2.75
Texas Canadian Oil
17c
of Prices
.
Feb
74
73
Columbia
Canada
Jan
25c
Elevators
Teleg preferred..
Mar
70
—
•
15
400
105
Canada Cement common
Mar
74
7
common-
V
7%
0.
„
99
23c
13c
preferred—1Q0;
Preferred
2.90
Toronto
60c
—
Building Products 'A*
18% Mar
520
.
f
Thompson-Lund Mark Gold
Feb
1.30 Jan
9,795..
Last
*
Tel &
Telephone Co
British
Jan
Feb
15%
13%
Toburn Gold
s
.
Brazilian Traction Lt & Pwr——
Feb
12%
common
24c
52c
1.54
Sale Price
Bruck Silk Mills
Zi
(G)
76,400
46c
1.43
Week's
Bathurst Power & Paper class A.
Mar
Sturgeon River Gold Mines
Tamblyn
Apr
16c
Asbestos Corp
Mar
14
1.45
Sylvanite Gold Mines
9%c
Apr
.
Mines
Feb
15%. 15%
Ltd
Aluminium
Bell
45
85,150
-25
Cons
3%c
Low
Apr
17c
Steep Rock Iron Mines
Sullivan
207,500
Algoma Steel
Mar
17%
Petroleum
Canada
9%e
Friday
Mar
8%c
Preferred
Feb
7c
99
'
Jan
18c
12'%
72c
Petroleum
of
Jan
Jan
12% Mar
54c
s
14%
Mining.
Aluminum Co of Canada
8%c
Mines
Chemical
27%
Feb
Canadian
Feb
17%
Standard Paving common
Standard Radio
Steel
4.05
5%c
265
29%
15c
Sturgeon
Standard
Jan
12 %
Montreal Stock
Feb
100
—
23
2,200
Apr
17
13
Mines
End
4.70
63c
Jan
28% Feb
.225
.
Jan
l
preferred
Malartic
15
2,655
'
"I~« /
"B"
4%%
28%
36%c
15,100
*
Simpsons Ltd class "A"
New
,625
13c
'II*'
—
Feb
26
13%
23c
Feb
1
common
100
26
.
,
—
Apr
10c
12%
*
Jan
49c
Feb
72c
r
17%
1.50
Feb
4%c Jan
166,200
4.50
—
Sigma
Mar
Feb
12c
!■
16
—100
preferred—
Invest
Apr
1
Mines
85
Feb
9.25
1.05
...1
Gold
Feb
17
1.15 Mar
Apr
12%
—*
Shawkey Gold Mining
Jan
1.58
Jan
Jan-
13c
IIIl
31%
2,001
Jan
7%
42%
Mar
18c
12%
#
*
Shawinigan
63c
16'%
28%
4.50
—1
common—
45c
16 %
28%
1
Senator Rouyn, Ltd
Class
49c
16%
._10
common
Jan
Mar
1.28 Jan
1.40
13
-i—&
stocks—
Russell Industries
40c
Apr
8.10
L
26
1
■
.
Southmount
41
1
13'%
25%
165
Apr
Jan
13%
Pend Oreille*
12%
1
.....
.15
Paper.
Selections
3.05
•
—
11%
28c
1.36
~
54% Mar
14
18c
1
Mining
P
Feb
8%
&
Osisko Lake
1.95 Mar
48
Queenston Gold Mines
Robertson,
Apr
2
725
Jan
11%
-
-
15
700
16
Paper common.
Minnesota
Jan
81c
Quemont
Gold
Jan
30
2%
1.00
30 %- 30%
Apr
98c
13,100
6%
common
-
Quebec Gold Mining
Reno
11
14%
1.36
Apr
39,500
3.20
1
—
Reeves-Macdonald
Mar
11%
A
Hayes Steel
51c
new
56
75C
Bridge Co
Temiskaming
preferred
Jan
2%
Oil
12 %
*
Prospectors Airways
New
Jan
45'A
90c
—5
-
Feb
14
——.
Purdy Mica
Purity Flour Mills
145
3.30 Mar
Apr
48
Zi
—.;—
Proprietary Mines
High
46
33c
Press
32c
Apr
1.63
.
Metals
Jan
8%
20
16%
Oil
Premier Gold Mining Co
Pressed
55
-1
——
—
Oil
Foothills
Porcupine Reef
Jan
2.25
2,750
52%
__
3.00
Apr
i
Mines
Gold Mines of B C
Pioneer
2.85
Vinegars
miii
Mines
Gold
35
Apr
30c
10c
Peoples Credit Securities.
Pickle-Crow
Low
50
.
14%
Preferred
Feb
3.00
Consolidated-Paper
Perron
Range Since January 1
High
com—
Paper
common
39c
Mines-
Paymaster Cons Mines Ltd
Shares
'
Co
1
Gold
for Week
Par
British
Mar
1
Mines
Malartic
Sales
Range
of Prices
Jan
110
Jan
Week's
Sale Price
Friday
Brown
Pamour
Feb
Apr
48c
28c
_
Page Hersey Tubes
Feb
Feb
.6
.;
48c
Aircraft
Oils
Feb
Feb
Last
Pacalta
16
Bond*—
Uchi
1.63 Mar
•
Omega Gold Mines
Orange Crush common
High
,
16
3.85
Feb
12 %c
14,800
'6Z
•
Oils
Car &
63c
1,748,500
I—II5
O'Leary Malartic Mines
Ottawa
16,000
27c
1.32
70c
•
common
„————.
O'Brien Gold
81c
14c
Low
Z16
...
Jan
1.15
Range Since January 1
High
4.00
Combing Corp
Wright Hargreaves Mines.
7c
34,800
Low
34
Jan
1.35
23c
80c
——
Shares
12
55%
1.26
•
_
•
Mines
Preferred
Okalta
Ltd
—
Canada
for Week
20c
Wool
Feb
9
»
Sales
Range
of Prices
Par
High
~;;.y1
1.00 Mar
50
9,300
12C 15 %C
15c
Week's
Last
Sale Price
stocks—
Range Since January 1
High
i
Mines
J3
Friday
_____•
Malartic
APRIL
for Week
ef Prices
MARKETS
ENDING
Sales
Last
Sale Price
STOCKS—
LISTED
FOR WEEK
RANGE
Monday, April 16, 1945
55
50
55
Apr
56
Mar
*
6
6
6%
115
6
Apr
_•
10%
9%
10 %
515
8%
Jan
6%
Feb
7%
Jan
Mar
12%
Jan
38c
8
Jan
Hamilton Bridge
•
7
7
7%
2,156
Jan
83
Jan
Hollinger Gold Mines
5
11
11
11
1,820
Feb
Feb
Apr
Apr
6%
11
11
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
161
1691
*A
CANADIAN
RANGE
Last
STOCKS—
.
Low
Smith
Howard
Paper
High
Low
i
21
270
110
24
Can
80
.
Apr
112
30%
Jan
35
Mar
i4%')ilvz
1,125
13 Vz
Jan
15Vz Mar
13.;-13%
2,156
12%
Jan
13 Vz
71/4-'f1/4
200
7%
Feb
127
300
24%
Jan
27
Apr
103% 103 Vz
6
Jan
104
common
13%
£1
._i__
Bronze
^
Canadian
Inter
Invest
Trust
101
175
>^31
17%
280
.
Canadian Pow & Pap
33%
34%. 35%
983
26%
24% mvt
2,076
98%
207
22 Mr .22%
3,440
98%
100
.
v
Jan
18%
Apr
31 Vz
Jan
32% Mar
International
Power
*
common
22%
•
Ltd
Co
—
100
Preferred
25
47
$2 %
767
100
108 i 108
10
121
32
32
Utilities
International
\i28
110 Va UOVz
28
__
102
27
Lake
of
pfd
Mar
26%
*
25%
$26
100
150
152
3
16%
>1$%
the Woods common
Preferred
Laura Secord Candy
_
£
;
•
Massey-Harris
McColJ-Frontenac Oil
Mitchell
Mar
35
Jan
32'A
Jan
25%
common...——100
Cottons
80
Montreal
Ht
Lt
Montreal
Pr
&
Telegraph
Montreal
Cons
Catelli
Apr
Food
Breweries
50
50 Va
95
50
Mar
62
51
329
50
Mar
55
8V2
40
National
Steel
Car
Corp
Div
Ltd
Sec
common
class
"A"
Steel
Products
Electric
Ottawa
L
Jan
Ltd
Penmans
Power
Corp
5c/c
50c
14
18
Consolidated Paper Corp Ltd
•
8V2
8%
8%
3,657
David & Frere Limitee
*
Dominion
Donnacona
Quebec
St
18
18
10
18
Jan
20
Feb
39
39'%
390
35 Vz
Feb
39 Vz
Apr
8Vz
8V2
1
7 Vz
Jan
8V2
Feb
9% Mar
11%
Jan
10
Fairchild
Aircraft
Aircraft
Limited
2Va
5
Ltd
Class
A
Sicks'
A
(H)
Steel
of
22 V2
Apr
281/2
Jan
International Paints
(Can)
class "A"_*
4V2
4Va
400
4 Vz
22
Jan
&
23Vz Mar
Lake St John
Jan-
411/8
Feb
Lambert
46
10
T-;
j
V
f
880
20/.:
j20
"*
154
,i.
17% Mar
19%
50
20
.Apr
:*
__
30
32
134
—___*
__
7%
7%
100
Paper
Inc.—;
50
Jan
Jan
Preferred "A"
24% Mar
168 V2
Jan
Jan
Minnesota
&
Ontario
12
Jan
16
4
18
Jan
v
19 Vz
22Vz
9%
12%
23 %
275
22
Mar
9V2
13 %
1,760
12%
24
23 V2
24
2,685
__
Jan
17Vz
Jan
W Feb
Apr
Molson
llVz
Jan
Montreal
Island
Refrig & Stoarge Ltd corn—*
591/2
18 % Mar
20
Feb
Jan
9
Jan
765
,
200
9
'Feb
24 Vv" Jan
9%
Mar
Jan
14
Jan
23% Mar
26%
Feb
25c
40c
Feb
Jan
351/2
Jan
7
1st
Apr
•
Brewery Ltd
*
*-
Co_
Power
2nd
preferred
Mount
Royal
Hotel
Ltd
Co
Aviation Ltd—
Noorduyn
1,690
32
Feb
30
100
Mar
103
Feb
Nova
Apr
10
Feb
Power Corp
16
Jan
Reliance Grain
—
15%
Feb
37% Mar
106
Feb
Lt
Scotia
&
pfd
Apr
3%
Apr
Apr
14
Apr
26%
14
12
IOV2
23
10 Vz
Apr
12%
26
<
Feb
Apr
2%
6V2
Jan
14
3%
Jan
225
5
Apr
Mar
Vz' Mar
5%
5%
107
25
108
Feb
109
Jan
102
40
99
Jan
105
Jan
43
45 V2
509
36%
Jan
17
18
19
Feb
—
<•' 8%
8%
25
6
—
100
107
108
55
107
22c
24c
8,667
__
of Can 6 % cum 1st pfd.100
43
Co Ltd common.
2
14
107
102
*
6%
Pow
IOV2
•'
25c
3%
26
__
Quebec Pulp & Paper pr
Jan
9%
25c
3%
26
12
—
___30
20
*
preferred
105 V2
HVz
Jan
12Vz
*
Sarnia
Bridge
Ltd
Company
3
1,405
2%
Apr
3%
Feb
Southmount Invest
Standard
19 Vz
19%
145
18%
Jan
22
Feb
60%
;;M%
285
58%
Jan
68
25
48 Vz
19
Mar
!' Feb
*
Clay
Ltd
Co
__
Ltd
100
10
10
24
common..
*
7
7
25
Products
8%
Jan
Jan
Apr
109
Jan
Jan
24c 'Apr
"10
Jan
10
5
Mar
7
Feb
30
22c
Jan
Jan
100
*
.
•772
16%
;"I50
35
145 Vz
::$3
190
iJU
5
149 Vz
22%
22%
.
•
HI
—
Thrift Stores
%%
17
17 %
•
•
.
11"
11
69 Va
—\
999
Feb
Jan
22 Vz Mar
111
Mar
10 Vz
Jan
Ltd
150
23%
111
llVz
Jan
United
Corporations
(Apr
18%
United
Feb
Jan
69
Jan
73
Apr
76
Jan
16%
Jan
22
Mar
Ashley
Jan
Astoria
Mines
Apr
5%
Mar
3%
59 V2
Jan
75
4
Jan
•
17
17
11
17
Apr
17 Vz
Jan
22%
Feb
70
Mar
21 Vz
Jan
31
100
5
78
Jan
77
19%
Jan
6%
Jan
128
78
26Vz'^z
100
460
r.
6% *WVz
6Va
15 Vz
10
.
15 Vz'
15 Vz
IIIIIIio
Jan
100
20% Mar
8
Aldermac
90
Jan
75
Jan
83
26%
Feb
26 V2 Mar
Feb
15
15% Mar
477
15
14
Jan
15
Jan
16%
Apr
18
15% Jan
16 Vz Mar
13,600
19c
Jan
9Vzc
72,900
3c
Jan
10c
Mar
13c
13c
25Vzc25VzC
500
13c
Apr
13c
Mar
17c
Feb
25 VzC
Apr
37VzC Feb
45%c
Jan
1
Gold
Mines
Bralorne
$44,000
49%
Jan
1
Cartier-Malartic Gold Mines Ltd—.
Central Cadillac Gold
Mines Ltd
Corp
1
Duquesne Mines Co Ltd
East Sullivan Mines
Paper common..
1.66
100
Apr
14c i 28c
14c
19c
16% 16%
121,925
8c
Jan
28c
Apr
51,150
6c
Jan
19c
Apr
15%
Jan
17% Mar
—
9VzC
9VzC
10c
14c
13c
17c
15c
23c
26'A
1.90
26%
2.05
Fund^'
Sales
Ranfb
for Week
Shares
Low
2%
495
45%
255
148
35
50,600
Jan
6c
Mar
14c
534,355
4c
Jan
18c
Mar
36,500
10c
Jan
23c
.Apr
80
14,500
25%
Apr
1.18 Mar
5,500
28%
Feb
2.40 Mar
Jan
23c
65c
52c
Apr
—
39c
65c
52c
52c
500
52c
—
Apr
55c
,65c
2.00
73c
69,900
20c
Mar
3,500
62c
Jan
29c
60c
87,000
25c
Mar
1*15
1.40
15,700
90c
Feb
1.40
Apr
5%c
61c
11c
73c
58,043
3 %c
Jan
11c
Apr
*
*
2.00
68c
1
Gold Mines Ltd
59c
Ltd—_—1
Consolidated Gold Mines Ltd—1
1
—1
—
•
10c
65c
18c
28c
22 ,4 22/z
9%c 9%c
1.55 1.75
144,060
7%c Jan
Apr
2.00
Apr
73c
Apr
32 %c Ma?
1.15 Mar
Jan
28c
18
Jan
24% Mar
1,500
9V2C
Apr
9%c
Apr
7,500
92c
Jan
2.05
May
155,106
7c
Apr
1
——1
*
20c
22%
9%c
1.55
6.00
6.00
100
3.00
Feb
6.00 Mar
—
3.40
3.30
3.80
52,800
2.25
Jan
3.80
25c
5.10
13,600
5.10
17c
5.10
—
58c
58c
Pato
Range Since Jannary 1
fijigh
*
200
1
Cadillac
Mines Ltd___4—
Shore
Goldfields
Cadallic
Pandora
100
/
Jan
2.24
—1
—
O'Brien
100
—
1.66
1.66
—
19c
14c
Mining Corp of Canada Ltd———*
Gold Mines Ltd—
1
Montreal Curb JMarket
preferred
1.15
23c
Mines
Gold
Francoeur
Louvieourt
of Priwes
1.20 Mar
Jan
1.15
26%
1.95
Lebel Oro Mines Ltd—
Last
1,000
75c
1.15
—1
Ltd—
Ltd
Mines
Donolda
Lake
Sale Price
1,000
39c
——*
-—1
Mining
Mines
1
Kirkland Gold Rand Ltd
J5JSSis.
Low
39c
—
*
Ltd
Joliet-Quebec Mines Ltd
Week's
500
15c
'
J.-M.
zpsx.
Par
—
49% Feb
■
Canadian
^
1
1
Ltd
Mines
Bouscadillac Gold Mines Ltd
Inspiration Min & Dev Co
'
A%
18c
6V2C
—
1
Ltd
Exploration & Radium Ltd
Bear
Heva
49%
16c
8 VzC
1
1
—
Aumague Gold Mines Ltd
Eldona
Notes.
18c
1
Ltd
Jan
659
a
16%
.10
STOCKS—
Jan
•
Ltd
Corp
Copper
—
Jan
730
14%..
.10
Friday
Feb
8
Jan
58
105
100
'.Royal
50
Quebec
50
70
Montreal
100
6V2
•
Feb
74
—__*
_L—__
Mar
30
6V2
Mines—
98
■65
26 V2
"A"
Western Steel Products Corp Ltd
105
20
25
Apr
<
,30
100
class
Mar
74 Vz
110
common
28Vz
-
__._*
Securities Ltd
69 Vz
;
preferred
__
Southern Canada Pwr 6% cum pfd—100
2%
3
Dome
Power &
1
26 Vz Mar
400
__10
Jan
900
.
\ V
22 Vz
17
pfd
Paper
Vz
Century
6%
8"% Mar
17
—
23%
8V2
57 Vz Mar
220
_____100
7%
: Mar
35
7% Mar
255
__10f«
Melchers Distillers Limited
Banks—
Abitibi
Jan
24
24'%
12 %
pfd
5%
Feb
27%
172
Jan
preferred
Power
Jan
24'%
12
24V2
__*
;
Massey-Harris Co Ltd
20%
Bonds—
Jan
5%
Mar
551/2 Mar
105
Winnipeg Electric common
.
4%
13
•
Maple Leaf Milling Co Ltd common—*
23 »/z Mar
476
17%;% is
53 Ve
Power
(Alfred)
MacLaren Power & Paper Co
420
Wilsils Ltd
Montreal
16% Mar
.
25
pfd__100
Commerce
34%
Jan
i
Beaufor
Canadienne
Apr
Apr
»
Ltd
3
Mar
35
;
Preferred
Mar
Apr
4
Limited
Corp____
Jan
(George) preferred.—
Zellers-
42
3
15
106
Preferred
Weston
Jan
6
50
100
:
1,473
3
125
Feb
.J___—__*
Wabgssa Cotton %
(Hiram) G & W
40 Va
15
4
130
common
Walker
39 V2
15
4
Apr
18
»
Steel Corp_____
Jan
6
Arno Wlines
United
75
Corp
875
25
Brothers
Jan
Hydro-Electric Secur
105
Preferred
Tooke-
30
Halifax Insurance Company
25
Power..
Canada
100
Apr
Aubelle
Co.
75
Apr
101
& Sons preferred
Canada
75
•
42V2
40
34 Vz
common
Southern
Mar
3
Ltd
23 Va
43 %
20
___100
Canada
27
40
50
of
Jan
*
Realty
Feb
25
__
30
Paper preferred
Breweries
Simon
4%
640
*
Companies,
Feb
3
Mar
3% Mar
350
27
Foreign Power Sec Corp Ltd
50
7
common
Williams
Sherwins
2
4
27
Feb
_—__*
Water & Pow«r
Shawinigan
425
3%
11%
Motor of Canada
Jan
16
preferred
St Lawrence
2%
4
27
»
Ford
42
1,325
preferred...
Corp
1,080
20% Mar
;•
Power
10%
2
•
Jan
100
Lawrence
Jan
8Va
Godfrey
28
Preferred
Saguenay
9%
39 Va
9%
200
__*
common...^.
Feb
14
Jan
Fraser
152
Transport
Paper
8
Jan
Jan
50c
Jan
Apr
50
Power
Rolland
Jan
*
"A"
Linoleum
Paper Co Ltd
365
100
_.
Mar
13 Vz
80
9
Feb
Jan
] Jan
*
&
Woollens
^tJ40
•
_____:
25c
705
14
26% Mar
:
18%
preferred
Provincial
3%
Apr
___*;.
Price Bros & Co Ltd
49%
Jan
Mar
244
Canada
Feb
3%
825
24 Vz
*
common—
of
.
50c
-*S3 %
53'A
Powell River Co
VaJ
45c
Apr
16% Feb
Feb
Jan
__*
100
common
common
5
Apr
75
•
Rwys
Power
H &
10
44
3Va
*
Montreal
Ontario
Ottawa
44
31/2
Jan
'
Feb
42
4
44
15
4
14% Jan
50
3V2
Jan
'
IIV2" Feb
20c
25
17,760
■
_100
Preferred
15
20c
14
40
•
Ogilvie Flour Mills common
20c
4Va
20c
15
com.*
6% ,Jan
v25
40
^80
43%,y43% '
•
15
4Vz
pfd
2.50
23 Vz
._*
Noranaa Mines Ltd
5%
Preferred
40
.
Niagara Wire Weaving
Feb
Feb
8%
100
Alcohols
%123
—25
—.—
152
8% Mar
9%
3%
8%
50V2
1
Preferred
Commercial
23 Va
•
common
Preferred
300
Vz
50
Ltd
Co
common.
Products
23
Murphy Paint Co common____.__.___'
National
9
42%£4|%
100
Tramways
26%
Feb
15%
Mar
108
24% Mar
150
Feb
Jan
Jan
2
5OV2
1%
Celtic Knitting Co Ltd
Fleer
22,'23%
22%
"
.40
—______
50
1,001
,
25
,
20
Feb
;
9%>JlO
;_*
*
(Robert)
Montreal
8%&|
9
'
6
1
112V4 Mar
Jan
107
25
•
Limited
Dominion Oilcloth
Jamaica Pub Serv Co Ltd
800
8
100
Westinghouse
24 Vz Mar
Jan
108 Vz
2%
8
28 Vz Mar
Jan
Mar *
21Vz
2%
1.00
preferred
Vickers
Cassidy's
37 Vz Mar
Jan
21 Vz
98
30
pfd—*
Canadian
Consolidated
International Petroleum
High
2
Feb
2
Invest 6%
Claude Neon General Advert Ltd
•
;
Low
2
2
;/
,
Apr
7 Vz
29%, Jan
15
Paper common
_—
30%
com____*
Canadian Marconi Company
17%v&7Vz
,
Int Nickel of Canada common
Preferred
27 f
27
____25
—
International
.
common.
Preferred
Range Since January I
High
Mar
•
9
Industrial Acceptance Corp common..'
Preferred
..100
International
Low
Feb
134
galea
for Week
Shares '
of Prices
Par
Canadian
Preferred
Sale Price
Feb
noio
Week'*
Range
Last
High
Jan
•
of
13
STOCKS—
23 %. ,25 Vz
Bay Mining.
Imperial Oil Ltd
Imperial Tobacco
APRIL
Range Since January 1
100
Preferred
Hudson
ENDING
Friday
Shares
21%^,&%
•
common
WEEK
lot Week
Range
of Prices
Sale Price
Par
FOR
Sales
Week's
Friday
MARKETS
LISTED
"4
•-
2% Mar
44
144
Mar
Jan
Cons Gold
Gold Mines Ltd
Dredging Ltd
1
Cons Mines Ltd_^
Paymaster
1
1
—
,
High
3V2
511/4
159
Jan
Jan.
Jan
Pickle
Crow
.—
1.65
3.40
1.65
25c
1 05
15c
90c
8c
1.45
--
Mining Co Ltd
1.65
Gold
Crest
1.55
3.40
1.65
20c
1>63
Gold Mines Ltd
Premier Gold
Red
1
1
1
Mines Ltd——_——*
Mines Ltd
Gold
Perron
425
100
500
4,400
11c
4.75
40c
1.20
Feb
Feb
Mar
Jan
450
2.50
500
1.55
Feb
6c
Jan
11,900
Jan
Apr
25c
Apr
Jan
5.40
58c
Apr
1.65
Apr
Feb
3.60
1.91 Mar
25c
Apr
'
Bathurst
Power &
Belding-Corticelli
Brewers
Paper class B
•
3
3
common__.__100
Ltd
100
100
& Distillers of
159
3
''tOO
10
100
91/2
9%
&}/2
55
8%
Feb
17
17
*#17
275
15%
Jan
17
Feb
24Vz:34%
304
231/2
Jan
25%
Jan
Mar
26 Vz
Jan
British
American
Bank Note Co
*
British
American
Oil Co
•
British
Columbia
Co
Brown
common
Preferred
Canada
Canada
1
Power
1%
*
Gen
Industries
Ltd
Ltd
"B"
footnotes
page
1692.
__
25
2.90
3.00
13,500
54
56
23
23%
855
49%
75
49
Apr
104% 104V4
33
100
Jan
14
14
5
131/4
13%
135
__.._*
__
160% 160%
172
172
Jan
Mar
9%
Feb
Ltd
Gold Mining Co LtdMines (Quebec) Ltd
Gold Mines Ltd
Senator Rouyn
Slscoe
2.30
45
Jan
Jan
22% Mar
11
13
Feb
Jan
3.30 Mar
56%
Apr
26
Mines
Stadacona
—
V*
70c
70c
85c
1.05
1-70
1.70
1.78
36c
1
1944 Ltd
27c
37c
1
Gold
Sullivan Cons Mines
:—1
Ltd
Coghlon Mines
Wiltsey
1
1
15c
14
74c
86c
Shawkey
Standard
*
100
see
25
49
23%
4
105
Sigma
_—*
—
Investments
125
Jan
Feb
53
3.00
_*
.__
preferred.100
preferred
For
25;
100
Vinegars Ltd
Canadian
*
:
& Dominion Sugar
Malting Co Ltd
Canadian
7
Ltd
_!
Canada North
Canada
Ltd
Packers
■;:?& 3
5
Vancouver
1.45
Apr
34c
Jan
52,250
5 VzC
Jan
10c
100
11%
Jan
14
Apr
6,300
61c
Jan
75c
Jan
52,125
60c
Mar
299,500
43c
Apr
6,,600
14,800
21,600
1.50
Jan
10c
Feb
Mar
1.05
68c
1.83
37c
Apr
Apr
Apr
Apr
Jan
51 Vz
106
Jan
Oils-
Jan
15
Apr
Anglo-Canadian Oil Co Ltd—
East Crest Oil Co Ltd—
13%
Feb
Home Oil
__
15
159
Jan
168
Mar
Homestead
12
168%'Mar
172
Apr
Okalta
Oils
Oil & Gas Ltd——
Ltd
Feb
3.65
200
3.10
Jan
13cl4'/zc
19,700
4%c
Jan
14VzC
Apr
51c
200
51c
Apr
60c
Feb
3.65
13 VzC
51c
—
Apr
Feb
I2V2C
21c
Co Ltd-
1.07
86c
1,000
87 Vze 87VzC
21c
500
21c
Apr
4.25 Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1692
Monday, April 16, 1945
OVER-THE-COUNTER MARKETS
Quotations for
Friday
April
13
For
Quotations
on
Real Estate Bonds
Over-the-Counter Quotation Services
\
Shaskan
FOR SECURITY DEALERS AND
FINANCIAL INSTITUTIONS
1
.
.
Call
.
or
;/
v/r
Co.
&
Members New York Stock Exchange
Members New York Curb Exchange
•
>''/'■
Write for Free Trial
40 Exchange Place, New York 5, N. Y.
'
Tel:
NATIONAL QUOTATION BUREAU, Inc.
•i
46 Front
t
DIgby 4-4950
Bell Teletype
Street, New York 4, N. Y.
(When,
Bonds—
Investing Companies
Bid
7.79
Aeronautical Securities
Affiliated Fund Inc
Canton
series
4%s
Chic
1983
86
88
2003
65
67
23.26
11.48
12.63
1st 4s
19.65
21.55
Gen
income
4%s
24.77
27.26
Gen
Income
26.14
28.74
Series
B-3
14.71
Scries
B-4
17.39
Series
K-l
K-2
-
—
Nat Investing—
4%s
of
Tr
Fund
5
8
1
Street Invest Co Inc
Broad
Ltd
Fund
Bullock
16.28
6-3
12.39
13.66
S-4
5.88
6.53
Denver
Knickerbocker
St
Loomis
1
3.50
4.10
•
30.88
10.49
103.49
105.60
Loomis
Sayles Second Fund-
44.39
45.30
33.20
1
Fund Ltd
Canadian Inv
Sayles Mutual Fund—
—10c
Mass
Christiana
•
i.
Preferred
2019
80%
82%
,
Louis
&
Securities com—100 2,640
100
142
•—
106
108
2019
86
Investors
Mutual
21%
56%
58%
23
25
76%
—1993
97%
99%
5%
preferred
Denver
Grande
com
101
St Louis & San Francisco com—
81
"
56%
Preferred
17%
49%
24%
common
15%
47 %
Seaboard Ry
103
79
*
59%
24%
54 %
Preferred
1st 50-year 4s
57%
22%
100
Rio
&
Preferred
Francisco—
Income 75-year 4%s
•
26%
6.11
Nation-Wide
61%
63%
26.58
1
12.41
13.34
10
13.47
14.72
Inc
51%
53%
19.14
20.69
Securities—
Insurance
4.30
1.46
1.57
1
8.65
9.35
7.43
8.17
Life
Bid
Pat
78%
Home
54
10
Aetna
Companies
Ask
74%
Aetna
25c
voting shares
(Md)
Bit
Aetna Casual & Surety new
series B shares—_—-•
(Colo)
1
—
10.75
24.72
Fund
2d
Fund
Invest
9.79
1
Trust
Investors
Mass
2,740
147
5.62
1
Consol Investment Trusfc
86
19%
Common
88
74%
Par
Commonwealth Invest—
53%
Chicago Milw St Paul & Pacific
Grande-
San
51'A
—
Chicago Rock Island & Pacific—
2018
4%s
Rio
Youngstown—
Preferred
100%
4%s B
&
preferred
Manhattan Bond Fund Inc—
Common
Fund
98%
Canton
11.35
Century Shares TrustChemical
2019
1st 3-4S income
7.66
6.89
Fund———
19.56
A
4%s
80'A
—
Common
106%
income
&
Income
21.12
35.57
104%
1994
Conv
Series
110.13
105.72
19.64
32.90
17.85
America—.—
Inc
14.81
102%
78%
84
5 %
1994
1st 4s
S-2
Ask
100%
Common
Chicago Rock Island & Pacific—
Series
6%
Akron
Chicago Milw St Paul & Pacific
Series
Inv
5%
1
Stocks
1st 4s
31.65
1st 4s
4%s
102%
2nd
29.76
28.86
21.19
4.47
Bid
Income
100%
100%
1988'
28.41
Series S-l
A Common
B
97%
Indianapolis & Louisville—
B-l
—
and if issued)
Seaboard Ry
1988
series
as
Ask
"
Youngstown—
B-2
16.17
f
&
A
Series
Series
Bankers
Bid
Series
13.56
Axe-Houghton Fund Inc
Ask
Bid
Keystone Oustr'tan Funds—
29%
4.08
Foreign Investing.
American
4s
Par
5.04
28%
Akron
Ask
8.54
4.60
—
Holding Corp
American Business Shares—
AAmerex
Bond
1-953
Reorganization Rails
San Francisco
Chicago
.
.
Boston
NY
Established 1913
:
56%
Homestead
5
26%
10
Fire
Ask
15%
28%
National Security Series—
Bond seHes—
Diversified Trustee Shares—
I
2.50
6.20
7.05
25c
D
>
National Investors Corp
xl.42
1.56
50%
Insur Co of North America
10
91%
93%
20
77%
81
Jersey Insurance of N Y
20
36'A
39%
American
10
22'A
24%
Maryland
1
8%
9%
11%
13%
74%
77%
16%
17%
Massacr.usetts Bonding
Merchant Fire Assur
12%
5
9
47%
50%
4
5%
6%
10
Alliance
American Casualty
series—
Income
49
Agricultural
—1
Fund
Delaware
—
5.93
5.36
American
Equitable
American
Fidelity & Casualty_5
series
7.07
7.87
American of Newark
Low
priced bond series
7.78
8.56
American
Re-Insurance
Low
priced stock common—_
3.96
4.45
American
8.49
9.39
American
stock
Industrial
Dividend Shares
&
Eaton
23.94
—
25.60
14.99
1
1
Fund
Fund—
Stock
Mutual
2.01
2.21
6.38
7.10
Agriculture
2
26.87
29.45
1
6.67
14.86
12.55
24.70
Automobile
Invest Inc
Fundamental
New York Stocks Inc—
General Capital Corp
38.30
•
General Investors Trust
1
21%
20
60%
22%
National
Casualty
63
5,Bank
National
Union
7.51
8.26
36%
39%
7%
8%
100
25
Fire
79'A
stock—
—.
2
Electrical
Food
29%
32
45 %
47%
5
12%
13%
22
23%
Fire
20%
59%
North
Continental Casualty
Crum & Forster Inc
48%
Northeastern
10
31%
Northern
New York—.
5
'
46
29%
River—
2.50
5
Indemnity Co
25
Industrial
8.52
11.07
8.31
Price Shares-
Phoenix
50%
Preferred Accident
10.19
11.20
Fidelity & Deposit of Md
20
154
10.15
11.16
Fire Assn of Phlla
10
70
7.41
8.15
Fireman's Fd of San Fran
10
11.47
12.60
7.65
8.42
Railroad equipment
8.68
9.55
Steel
7.25
7.98
stock
—
7.45
•
Amer
Series
Trust
5.84
6.65
4.18
4.61
Equipment shares
5.02
5.53
5.70
5.44
-
Mining shares
shares.
Petroleum
Railroad
stock
Railroad
Steei
shares
shares
Tobacco
(Utlllty
shares
1955
1
3.09
Series 1956
1
2.97
1
15.46
Putnam
Fund
(Geo)
13%
33%
35%
Reinsurance
13"%
Republic
22%
24%
Revere
Corp
(NY)
2
(Texas)
(Paul)
5%
St Paul Fire & Marine
27
31
10
23'A
25%
80 %
12%
x77%
8
52%
55%
Seaboard Surety-.*
10
50%
20%
22%
Security New Haven
10
33%
5
48%
51
Springfield Fire & Marine
25
115%
'■
—
'■/
Globe
&
0
8%
Standard Accident
10
34%
&
Fire
&
Corp
Marine
Republic
Rutgers Fire Ins.
9%
7%
10
Fire
10
General Reinsurance
Republic Invest Fund
Holding Corp
Income
Foundation Fund
Common
•
2%
Sovereign Investors
State Street Investment
52c
1.58
1.73
Incorporated investors
8
25.90
2.51
2.83
4.13
52%
35%
121' V
37%
26 %
com.
Bond
Series
99.56
11.48
series
250
Aviation
Bank
12.64
Group shares
Insurance
13.85
93c
C
85c
23.83
Group shares
7.81
8.54
23.33
18.80
__
18.25
19.91
14.86
Co
of America
10
-
27.86
ABlalr
Investors Fund C
14.42
14.73
&
AFlrst
Boston
Co
Westchester
45 %
48%
590
40%
51%
78
2.50
Fire
73
31"%
34%
Ask
*«k
106%
Oklahoma Gas & Elec 2%s_1975
100%
101
104%
Pacific Gas & Elec 3s__.
1979
106%
106%
Chicago & Northwestern 3s 1989
102%
103
Pere
1980
99%
100
1974
106%
107
Public Serv of Indiana 3'As 1973
108%
109
&
Lt
Bid
106%
3%s__1974
Light & Power 3s
108%
108%
Florida
1974
108%
Florida Power & Light 3%s_1974
110%
Power
3%s
4%
10
39%
41'/8
109%
Puget Sound Pow & Lt—
4%s
111
1979
Lt &
Pow
2%s
Power
&
107%
108
San
1974
4 VsS
Houston
106
106%
South
2%s_1974
Light 3%s__1974
1972
Diego Gas & EJ 3%s__1970
Carolina
Sou'western
103%
106%
Pub
Pow
3s
Serv
—1975
3%s_1974
108%
109%
111
113
101 %
101%
104
104%
<
3s
'
107
1974
108
108%
Tri-Continental Corp 3'As
1960
105%
Wheeling Steel 3%s__.
1970
104%
104%
1974
Elec
Public
Orleans
107
107%
York
1958
105
105%
100%
101 %
Service
3 VaS
4%
Marquette 3%s
Potomac Edison 3s_
1974
Empire District Elec. 3%s__1969
Narragansett
1
Corp
42'A
10
38%
104%
Pow
Birmingham Electric 3s
New
Corporations
30.28
U S Guarantee—
106%
575
1974
Arkansas
Miss
Investment Banking
Investment
102
4
Recent Bond Issues
Kansas City Term Ry
1.17
13.56
Stock and Bond Group shares.
l
1.03
1.06
10
Fidelity & Guaranty Co..2
Conn
10.06
21.34
Union Preferred Stock Fund
100
U S Fire
96c
25.90
9.20
„
28%
Bid
B
Wellington Fund
U S
26%
*7.20
Ltd—
Group shares
Fire
30%
10
Hanover
28"%
54.75
25.12
A
U S El Lt & Pwr Shares A
Securities
0
12.52
6.58
21.80
Fund
Travelers
85
American
101.58
51.75
Union Common Stock Fund B
Institutional
preferred
Hartford Steamboller Inspect.,10
27.85
•
1
Corp
Trusteed Industry Shares
'Series
Independence Trust Shares
3.75
:iL.;
Selected Amer Shares
Union
10c
..
Fund, Inc
5.16
40c
1
1
Scudder, Stevens & Clark
6.07
Inc
2nd
Hartford
5.51
shares
16.62
Great
4.68
A Huron
i
96
xl2%
5
92
56%
88%
12%
10
Providence-Washington
54%
84%
6
74
5
Newark..-.
10
6.27
4.95
of
Fire..
Gibraltar
7.31
Bond shares
Franklin
6%
92
104
10
Glens Falls Fire
shares—
8.24
5.30
Firemen's
160
'
99
Globe
North
9.13
6.77
7.49
—
Merchandise shares
BB
Pacific
63%
47
Railroad
8.54
10.28
7.75
Investing
Low
37%
59%
10
-
6.65
5.91
10.55
Machinery shares—
Institutional bond shares
*
x34%
10
Federal
Metals
9.36
bond shares
General
Employees Group
Employers Reinsurance
10.41
Speculative
equipment
Machinery
7.77
shares—
Administered
Fully
13.14
14.56
9.47
9.27
12.27
87%
Fire
11.96
8.03
6.04
5%
12.50
:
Pacific
13.26
Electrical
28%
22%
City of
9.86
Insurance
5.37
178
10
York
57%
9.28
7.54
11.17
Equipment—
shares
8
174
10
New
21%
10
11.39
7.30
Chemical shares
7
20
26%
10
8.44
8.43
shares
Aviation
Building 6hares
,
61%
2
Connecticut General Life
8.97
6.86
shares
Automobile
32
Casualty
Diversified
shares—
Agricultural
29%
58%
Fire
Diversified Investment Fund-
Group Securities—
6'A
(Detroit)—10
10
Amsterdam
8.49
10.36
—
5%
New Hampshire Fire
660
20%
Ins
New Brunswick
84 %
635
0
New
12.42
Chemical
5.99
Y
Liberty
10
2%
7.72
Building supply
5.92
Automobile
Baltimore American
Camden
N
National Fire
11.30
Aviation
i
10
Surety
Fire
Fire
Bankers & Shippers
Boston
—
England Fund
•
Fund
Trust
6.01
14.71
11.42
series
Stock
Inc.
B
Financial Industrial Fund,
First
stock series
22.93
Inc
Fund
Fidelity
5
Reserve
Mfrs
Monarch
16.03
New
'
58%
&
18%
55%
3%
National
Preferred
Howard-
Balanced
Merch
12%
11%
17
10
Casualty
Northern States Power 2%s_1975
Corp. 4%s
105%
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds of a point
Int. Bate
Maturity—
New York
Par
Bank of the Manhattan Co
Bank of New York
_
•
,
,
25%
438
10
Brooklyn Trust
l
Rid
10
100
Bankers Trust
46%
100
„
„
Ask
26%
450
49
123
107%
111%
40%
Co
National
100
Guaranty Trust
100
343
57'A
Irving Trust
10
iiicl
100.17
100.18
15,
1947.
1%%
101.3
101.4
15,
1947.
1%%
100.19
100.20
tSept.
15,
1948.
1 %%
101.5
101.6
.
& Co
Bank
94%
Public Nat'l Bank & Trust__17%
xitie Guarantee & Trust
12
90%
337/3
1,810
357/8
1,850
United States Trust
Ask
.0912
.0877
.0978
.0926
.1044
.0876
.0988
t0.90s
1946
.1055
.1196
1, 1946
1, 1946
April 1, 1946
.0827
.0985
.0823
.0995
.0809
.1000
t7As
Jan.
1,
.0891
Feb.
t7/ss
—
.0982
.0964
t%s March
290
(J P)
New
York Trust
Bid
.0812
—
t%s Sept. 1. 1945
t%s Oct. 1, 1945
t%s Dec. 1, 1945^
45%
280
Morgan
National City
1%%
tSept.
t%S June 1 1945
t%s Aug. 1, 1945
/
1,800
100
51%
56%
100
100.31
.1089
52
22%
Bank
100.30
17%
50
54 %
National
351
20
preferred
21 %
Plrst
tMar 15 1947
1%%
.
60%
48%
Fiduciary Trust
.
Dollar Price 100 Pins
Certificates of Indebtedness—
t%s May 1, 1945
100.7
tSept.
200
57%
20
&
1946...
Maturity—
Ask
100.1
100.6
%
•
Manufactures Trust Co com__20
Trust—10
Bank
16%
100 1,750
25
42%
Lawyers Trust
Conv
„orn
Ask
200
100
Exchange Bank «fe Trust_20
Snpire Trust
50
Continental
_—
185
Trust
Grace
15.
Rid
100
1
42%
55
Commercial National Bank &
Trust
Bid
Par
Fulton
Kings County Trust
,
tDec
%%
.
'
118
,
Central Hanover Bank & Trust 20
Chase National Bank
15
Chemical Bank & Trust
10
tDec. 15, 1945tMar 15. 1946-
City Banks & Trust Cos.
12%
40%
42%
25
101%
105 %
41
12
100 1,485
43Va
12%
1,530
a
Odd lot
sales,
b Yield
price,
c
Result of the
Casting Co. with the W. B. Jarvis Co.
to Stock Exchange,
y
r
Canadian market,
'
Ex-rights.
♦No
par
merger, effective Jan. 1, 1945, of Doehler Die
d Deferred delivery,
e Ex-interest,
f Flat price,
k Removed
s Cash sale—not included in range for year,
x Ex-dividend,
value,
tin default.
furnished by sponsor; or issuer.
tThese bonds
are
subject to all Federal taxes.
AQuotations not
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
Number
161
COURSE
THE
J t Bank clearings this week will show
based upon
of the country,
indicate that for the week ended Satur¬
day, April
clearings from all cities of the
14,
year.
able at time of
above those for the
corresponding
Our comparative summary for
the week follows:
,•
.
$4,017,300,410
ifc-nilaueiphia
435,169,704
528,000,000
443,044,089
522,000,000
+
Boston
323,613,484
287,872,849
155,267,287
157,500,000
+ 12.4
Chicago
Kansas
164,508,874
City
'+■
151,800,000
Louis
238,940,000
Pittsburgh
195,774,082
223,570,639
Cleveland
181,358,307
184,904,714
Baltimore
128,808,041
128,876,556
$6,888,241,082
1,893,808,110
$6,341,727,544
$8,782,049,192
$7,846,542,319
1,756,409,838
1,639,697,143
$10,538,459,030
$9,486,239,462
2d
cities, five days
Other cities, five days—
Tot. all cities,
All
cities,
five days
day
one
•
Total ail cities for week
Our usual
■■
+
+
1,504,814,775
25.9
Outside
results
for
542,575,276
239,123,804
—10
"
415,768,575
337,816,325
+17.3
+23.3
+20.1
"
702,666,468
530,461,791
+32.5
"
249,005,281
+16.5
7
——————————10
"
"
290,026,335
212,365,389
159,537,734
285,290,378
271.480,642
"
146,874,939
126,905,270
10
"
498,883,644
451,509,585
+33.1
+ 5.1
+24.5
+ 10.5
13,317.869,397
9,146,687,625
+45.6
_111 cities
—
Y. City
for
Cleveland
Reserve
For that month there
an
Richmond
Reserve
increase for the
was
1944 follow:
Description
,
1945
27,492,243
99,100,023
27,643,038
1944
62,555,204
1944
Stock, number of
184,532 and the 1944 aggregate
;
shares
Bonds
1
'
,
ment of 10.0%,
' 1
„
bonds
bonds
$1,816,350
$708,170,100
$197,882,800 $249,255,000
Foreign govern't
and in the
8,307,900
-.
27,042,000
30,544,500
10,806,000
March—
of
Month
v
585,750
r-
Total bonds— $206,776,450 $260,533,000
The volume of transactions in share
properties on the
New York Stock Exchange for the three months of 1942
1945 is indicated in the
1945
18,032,142
27,643,038
36,997,243
8,587,828
99,100,023
62,555,204
79,463,469
29,507,254
with
in
March
each
of
four
last
the
CLEARINGS
AT
LEADING
$
omitted)
York-
New
Chicago
1943
$
1945
1942
$
$
$
0
80,869
70,710
56,534
6,755
6,265
5,460
1,617
1,319
4,711
4,595
4,303
3,915
2,482
8,561
8,240
7,609
7,122
2d
New
735
594
2,379
2,293
1,974
1,672
3d
1,219
1,168
1,090
906
3,324
3,293
2,949
2,540
4th
1,396
1,230
1,117*
903
3,876
3,525
3,025
2,577
5th
684
658
521
2,053
511
490
413
1,602
1,940
;
1,465
1,753
1,453
1,312
-
1,160
941
877
862
621
2,656
2,505
2,294
1,759
1,018
943
910
739
2,835
2,719
2,437
2,080
'
621
638
580
418
1,814
1,813
1,487
1,202
395
—_
Orl.__
Omaha
"
399
374
278
1,180
1,155
1,002
792
1,578
968
4,585
4,932
4,234
2,704
1,724
1,638
345
319
300
238
362
335
201
978
933
Providence
83
73
169
160
72
76
180
!, 492
870
727
858
: fc
2.1
1,285,668,871
5
1,234,587,933
5.8
998, i31,212
Z-
659,349,087
1,583,637,928
+ 16.1
1,012,596,337
1,671,329,301
1,306,218,174
0
*
871,266,657
4.6
+
1,768,034,183
'
;f
+
907,052,374
948,940,009
;
v
3,28^,466,742
4,224,365,339
9.0
•
— / 1,124,814,875
V
2,511,488,540
"
1,128,590,267
821,488,728
1,720,557,436
2,192,416,446
+ 10.9
2,264,398,371
•
+
8.4
?
+
6.4
203
23,497,275,956
24,994,627,173
33,410,972,447
22,203,814,341
17,873,299,281
..
Federal Reserve
3 Months
in
Districts
the
t
1945
'*
1944
.
■ •
_
^
•' ;j. 'X ■
•
;
v
+
14.0
58,436,914,141
+
3.7
7,922,617,698 '
8,155,329,681
+
4.0
7,293,655,916
6,320,249,085
2,802,012,759
3,596,803,043
+
8.1
5,787,005,180
5,349,468,811
8.2
13,097,220,211
+
2.0
7,448,988,523
4,404,706,088
13,353,767,469
47,81^7,314,956
3,235,771,351
+
11,407,311,569
3,888,748,443
3,849,471,282
4,093,166,307
u
1
8,600,794,519
8,484,462,067
—
|
$
4,579,643,683
73,029,585,976
8,921,359,455
———————■—rr?18
7th Chicago
31 "
8th St.
Louis
;
1
0th Minneapolis
——^8
10th Kansas City
15 >
11th Dallas
**
12th Ban Francisco —*
——
~19
■:i,
4,976,597,896
83,268,866,344
^
1942
> +
.
2.9
—
8
/•'•V;
,
$
%
•,
Months
+
5,321,701,922
"
ii
r
1943
or
Dec.
$
$
York
3 Months
Inc.
*
-
months for four
three
\
I
5,477,909,093
6th' Atlanta
:
2,729,118,020
+
6.3
+
1.4
2,266,336,591
2,905,317,728
3,400,551,622
2,691,994,215
3,676,981,852
9,396,714,605
,
,
1,893,742,585
,
4,955,619,626
4,774,364,596
+
3.8
4,201,917,279
3,209,511,977
3,725,621,394
3,232,804,171
+ 15.6
2,756,544,498
2,396:346,677
+ 20.9
^
7,081,564,538
6,607,945,291
5,864,291,912
4,820,935,268
151,767,207,936
138,307,483,718
+
9 7
116,167,216,561
97,267,759,698
70,897,248,884
67,596,763,721
+
4.9
57,732,326,002
51,286,347,077
,o
200
427
-
1
1
i
43,066,712,494
48,613,161,624
52,694,184,532
561
478
240
136
;
1,018
214
1,047
358
_
___
977,046,377
—
1,618,546,199
■
ii
Richmond
Detroit
7.0
+
4,586,078,826
1,328,850,585
"
-19
Cleveland
City
"
15
Philadelphia
Cleveland-
2,251,554,867
1,185,255,796
+
4,684,474,164
1,448,074,983
14 c"leB
14
2,843
546
Louisville
16
Boston
812
714
Minn.
"
Districts
1,539
Cine.
New
+
3 Months
2,939
Baltimore.
Kans.
6.8
1,862,404,447
185 cities
881
Fran-
2,599,331,859
+
2,723,120,451
—————
1,650
—_
16;139,913,250
2,957,057,254
1,992,004,000
——-
Francisco
3,073
Pitts.
$
r
"
Federal Reserve
1st
( f 1942
.
21,600,225,687
"
7
5,169
?
St. Louis
■''t.1
,
$
4.6
1,252,000,115
years.
45,981
1,776
Phila,
10.9%.'
,
+ 10.0
1,347,955,855
$
15,537
2,198
..,,-.1943
V,
7.2
"
he clearings by
1942
1943
1944
2,011
2,332
and in the Minneapolis Reserve
+ 16.6
FOR 4 YEARS
27,699 25,115 20,862
„
Boston—
San
1944
the,. Atlanta
-Jan. 1 to Mar. 31-
-Month of March1945
(000,000
i
MARCH
and
In the Chicago Reserve Dis¬
1,544,873,751
+
2,853,847,378
3,048,635,065
Outside N. Y. City
IN
CITIES
gain of 6.8%, the
a
16.6%
1,863,636,467
+
3,060,212,617
is
years
of
Dec. %
;
25,920,328,646
—11
Total
shown in the subjoined statement.
BANK
Minneapolis
12th San
'
1,781,844,089
3,201,436,386
-i—
10th Kansas City
clearings at leading cities of the
country for the month of March and the three months
ended
Louis
11th Dallas
of bank
course
;";X
8
Chicago
St.
9th
3,287,098,101
—
7th
7,925,761
r3l3,097,333
6,264,332,395
larger by 2.1%, in the St. Louis Re¬
31
Atlanta
8th
12,993,665
24,434,084
27,492,243
March
quarter
The
17,811,394
17,100,772
38,995,195
February
1st
>
1942
No. Shares
32,612,585
of January
;K
1943
No. Shares
.
28,519,264,624
Richmond
6th
+>1944
No. Shares
No. Shares
District
16
5th
following:
$
v
M
"
...
3,690,926,444
Inc. or
•*
17
Cleveland
195,317,439
,136,693,895
187,873,595
88,301,569
..
5.8%, in the Dallas Reserve District 16.1%
1944
14
New
Philadelphia
4th
—;V:
17
York
2d
$352,428,150
$740,483,250
'
.
^29,487,795
,.191,683,291
-..4260,718,314
497,202,187
and in the San Francisco Reserve District
1,917,658,549
—14 cities
Boston
3d
j
$
923,569,800
1,768,650
472,000
1st
:
'
,
543,976,061
.
.
In the Kansas City Reserve District
4.6%.
the increase is
The
1945
Federal Reserve Districts
bonds
Month
are
.
U. S. government
to
District by
7.2%
in the Boston Reserve District of
Philadelphia Reserve District of 4.6%.
'
District by 9.0%
serve
In the
$48,613,161,624.
District the totals show an improve¬
New York Reserve
Railroad & misc.
trict the totals
$52,694,-
aggregate of clearings having been
1945
the
-Three Months
Month of March——■
1945
i
.
243,072,978./
Reserve District of 7.0%.
8.4%,
entire body of clearing houses of
.
490,347,572*
District enjoys
today a summary of the clearings
March.
of
month
the
.
+71.2
4,001,794,057
6,853,076,958
*
-
We also furnish
monthly detailed statement of transactions
York Stock Exchange is appended.
The
March and the three months of 1945 and
3,100,262,465
.
8,605,840,417
—.
-————
City_
.
311,560,546
539,153,562
237,412,919
173,551,001
264,302,192
116,329,370
414,952,897
Francisco
N.
,557,284,352
S
636,354,716
—
Total
the New
on
Kansas
+ 11.0
5,304.461,649
294,765,581
-
Minneapolis
7.1
+
8,697,862,950
319,718,451
405,085,460
5,046,674,219
594,932,160,
"
Louis
St.
12th San
$
+14.1
+64.0
+27.0
376,437,861
1942
1943
Dec. %
$
'
/
I
.
Inc.or
1944
"
..
11th Dallas
+10.5
CLEARINGS
4
Atlanta
10th
BANK
;
Districts:
Reserve
.6
J
Chicago
8th
8.6
and in the San Francisco
"
—
9th
Ten
Dallas Reserve District 24.5%
707,504,204
In the Kan¬
Reserve District 10.5%.
,
429,506,218
"
its
City Reserve District the increase is 5.1%, in the
6
6th
o.i
Minneapolis Reserve District by 33.1%.
sas
17
Richmond
7th
1.9
—
the
7
-
—
to
Chicago Reserve District the totals are larger by
32.5%, in the St. Louis Reserve District by 16.5% and in
—10
■
Cleveland
5th
—10.5
4.
12
Philadelphia
has
District
Reserve
the
$
12 cities
4th
8.1
Cleveland
gain of 17.3%, the Richmond Reserve District of
and the Atlanta Reserve District of 20.1%.
In
a
23.3%
1945
7
York
New
3d
3.6
+
April
Boston
1st
6.0
+
221,391,000
Francisco
Ban
1.1
—
Ended
Federal Reserve Districts
The
27.0%.
credit
OF
SUMMARY
Week
1.8
—
of
statement
In the following we furnish a summary by Federal
+ 13.0
$4,540,268,590
£t.
Accordingly, in the above
Cent
1944
1945
Ending April 14—
Per
TELEGRAPH
BY
CLEARINGS—RETURNS
In the elaborate detailed
.
stand at $10,-
__4_
press.
however, which
we present further below we are able to give the final
and complete results for the week previous—the week
ended April 7. For that week Inhere was an increase of
45.6% the aggregate of clearings for the whole country
having amounted to $13,317,869,397, against $9,146,687,625 in the same week in 1944.
Outside of this city there
was
an
increase of 71.2%, the bank clearings at this
center having recorded an increase of 25.7%.
We group
ended Friday at 13.0%.
Week
going to
according to the Federal Reserve Districts in
they are located and from this it appears that in
York District (including this city) the totals
show an expansion of 64.0%, in the Boston Reserve Dis¬
trict of 14.1% and in the Philadelphia Reserve District
the last day of the week in all cases has to be estimated.
538,459,030, against $9,486,239,462 for the same week in
1944.
At this center there is an increase for the week
New York
the New
which
week
avail¬
United
Our preliminary totals
ings will be 11.0%
the cities
possible to obtain weekly clear¬
States from which it is
week last
CLEARINGS
BANK
We cannot furnish them today, in as much as the
ends Saturday and the Saturday figures are not
compiled by
telegraphic advices from the chief cities
pared with a year ago. Preliminary figures
us,
OF
Complete and exact details for the 'Week covered by
the foregoing will appear in our issues of next week.
increase com¬
an
1693
363
Total
185 cities
—
~
Milwaukee-
,
865
717
645
593
522
Outside N. Y. City
469
296
303
264
221
226
172
196
164
Denver
284
263
230
177
Ind'apolis-
136
130
136
123
401
Richmond-
366
339
307
240
.1,033
976
866
714
Memphis—
208
185
187
156
629
587
528
478
Seattle
397
379
427
321
1,126
1,127
1,100
852
Salt L. C'y
129
123
121
93
374
363
333
280
74
68
68
63
209
207
183
189
Buffalo
St,
Paul-
Hartford
Total
_
;
830
■V
47,205 43,662 38,534 29,680
„
Oth. cities-
5,489
4,951
4,532
;
619
-
788
741
623
510
386
.
365
348
135,966 123,938
15,801
3,730
14,370
103,868
86,462
12,299
10,805
MONTHLY
V/.;
52,694 48,613 43,066 33,410
Out. N.Y.C.
24,994 23,497 22,203
17,873
151,767 138,308
70,897
,
67,597
116,167
now
add
our
detailed statement showing the figures
24,724,776,875
43,591,816,956
+
4.2
21,177,844,835
21,290,328,895
48,613,161,624
+
8.4
24,994.627,173
23,497,275,956
+
6.4
138,307,483,718
+
9.7
70,897,248,884
67,596,763,721
+
4.9
151,767,207,936
months
for the month
of March and the
k ended April 7
1944
1945
Dec.
$
Me.—Bangor
}
4,055,830
14,219,807
1,539,202,000
-
Mass.—Boston
Fall River
y
3,749,630
15,696,375
1,650,106,005
4,767,531
Portland
Holyoke
f.:
-
12,312,983
42,984,080
+
7.2
4,711,922,832
+
15.7
+
8.2
+
19.7
5,427,701
+
2.2
18,811,727
+
8.5
12,574,781
68,902,732
25,648,242
+
17.0
2,239,853
Worcester
14,695,647
Conn.—Hartford
-74,553,416
Haven
28,485,820
~
+
8.1
+
11.1
3.4
13,742,969
6,614,271
6,590,174
17,020,335
59,641,649
41,351,212
209,340,741
84,496,224
21,628,000
240,800,100
9,463,523
Inc. or
11,109,994
45,130,166
4,595,488,269
12,525,595
6,657,278
6,145,506
15,588,956
58,044,401
36,548,670
207,145,882
81,483,232
22,774,700
214,580,400
8,478,873
-
'
+
10.8
R.
H.—Manchester
*otal
(U
7,611,900
85,728,100
I.—Providence
N.
7,350,000
73,293,900
+
17.0
3,212,344
2,936,999
+
9.4
•
—
cities)
'
1944
$
April
Ended
1943
749,174
4.4
950,669
+
+
1.1
+
14.0
1,117,868
495,588
432,811
+
+
1.8
—
+
7.2
9.2
2.8
4,326,156
13.1
3,241,067
+
+
1,141,384
1,334,503
+
—
+ 23.5
833,798
14.5
481,116
$
621,105
3,274,028
272,379,357
'r:+857,266
351,194,938
i'kl
■
+
+
---
-
I n
■
•i-
3,568,975
0.6
4.8
1942
$
3,530,414
3,568,437
369,173,387
+
0.5
7
Inc. or
Dec. %
324,708,367
905,440
992,422
2.5
—
+
16.9
i.v.
T
1,096,485
!_
455,086
811,991
3,859,306
2,499,854
1.5
3,997,513
2,610,519
+
24.2
1-1
18,890,769
15,716,827
+
20.2
2,668,649
18,370,896
2.5
7,751,661
5,257,115
+
47.4
5,730,480
6,366,351
15,981,700
+
11.4
15,544,100
12,882^300
376,437,861
4,393,767
'
*
'
—
+
7.5
+
11.6
17,805,900
808,460
2.9
429,506,218
.
809,848
■*
15,157,554
s_
7.2
+
Waterbury
—
/'
1945
$
Dec. %
/
9.4
8.2
20,407,835
Lowell
j New
Bedford
[ ! Springfield
New
4,111,358
V
+
—
2,124,395
1,871,406
5,308,584
2,408,660
'
•
/
%
Mar. 311944
1945
—
"""
for four years:
-Week
Inc. or
+13.3
+ 16.4
52,694,184,532
for each city
-Month of March-
at—
First Federal Reserve District—Boston-
Dec. %
46,102,505,138
Jan. 1 to
Clearings
Jnc. or
^
22,809,158,872
wee
We
New York
1944
%
Dec.
45,405,094,471
February—.——~—-
Three
Clearings Outside
1945
Inc. or
53,667,928,932
January
51,286
Total All—
$
$
1944.
CLEARINGS
1944
1945
97,267
59,732
Clearings,
.
Months-
March-—-.
.Total alt
clearings by months since Jan. 1, 1945 and
compilation covers the
The following
—
+
0.2
850,336
554,253
14.1
405,085,460
319,718,451
THE COMMERCIAL & FINANCIAL CHRONICLE
1694
$
Federal Reserve District—New
Second
II.
Y.—Albany.
$
—
—
Buffalo
Elmira
8,069,280
6,108,980
296,992,162
303,438,659
Rochester
Syracuse
24,401,647
3.2
830,157,425
13.4
+
15,080,752
::.
:
7
Inc. or
1943
1942
$
Dec. %
S
8
—21.4
13,927,825
80,869,959,052
70,710,714,995
+ 18.7
174,003,250
157,850,606
8.8
89,280,322
93,014,186
+ 10.3
18,124,821
15,837,468
50,046,625
59,426,903
-
34,736,233
31,666,756
-
5,852,622
f
—
5,305,481
7.1
—
15,869,058
+ 10.3
69,113,039
14,154,139
1,463,834
5.1
59,100,000
0.1
+
—
15,101,642
4,751,645
32.3
+
865,510,822
25,115,885,668
—.
Utica *
April
1945
Dec. %
-
154,791,020
21,744,223
3,784,460
«.—
York
1
;
27,699,557,359
Jamestown
New
20.3
+
—
5,082,869
5,762,025
-
;
$
214,789,885
+ 11.9
49,563,976
55,453,418
—
Binghamton
$
Dec. (/o
Week- Ended
Inc. or
1944
York—
-
_
1945
Inc. or
1944
(gearings at—
Monday, April 16, 1945
-Jan. 1 to Mar. 31-
-Month of March1945
He-
1,173,364
+ 388.3
5,948.320
5,653,640
9.6
'■:>■■■:.:•; 1,232,742
1,094.959
55,200,000
+
7.1
47,700,000
43,700,000
953,643
+
23.0
1,047,684
1,619,004
«ypy
CT
—
737,327
-
—13.2
1,233,081
1,516,561
—18.7
1,275,829
854,7?5
14.4
6,464,792,439
£,'{'5,144,805,513
+ 25.7
4,914,913,973
2,977,234,294
+ 10.2
14,033,977
18.5
10,707,112
8,435,926
4.0
6,238,555
1.1
5,054,145
4.232,051
6,722,§73
5,71+639
+
—
+14.4
y;y
.%
+
12,819,899
■fyiJ;
*Jf V
—
6,307,821
'
,
'J#
*
'
-
Conn.—Stamford
N.
J.—Montclalr
101,244,304
95,572,051
5,332,573
4.3
5,759,607
122,301,138
+ 19.5
366,282,092
+
4.1
532,495,504
5.9
+
8.0
523,048
329,994
+59.2
+
3.0
31,545,252
21,791,981
+ 44.8
+
4.6
40,366,228
; 35,235,548
+ 14.6
8,697,862,950
6,304,461,649
+ 64.0
509,038,494
1,775,675
8.0
13,359,858
83,268,866,344
; >
73,029,595,976
+
25,920,328,646
-
13,719,213
+10.0
4,378,829
4,729,197
(14 cities).
9,727~546
+
355,484,625
181,860,637
1,851,265
J.
Oranges
Total
+
■j!
125,078,802
—
N.
8.2
■
189,386,598
Newark
Northern
—
34,493,231
31,653,777
—
8,280,133
%'
—14.9
*
315,904
436,015
20,941,873
.
21,036,017
30,814,064
31,167,826
5,046,674,219
3,100,262,465
v
2.6
+ 14.0
'
Federal
Third
Reserve
/!'•
District—Philadelphia-
Pa.—Altoona
+
7.6
7,787,675
+
4.3
11,554,633
12,004,819
1.6
10,500,292
12,345,532
2,548,061
2,740,561
Bethlehem
3,866,262
3,705,330
Chester
3,878,329
3,901.051
12,900,399
—
7,493,460
3.9
+
—
661,981
532,421
+ 24.3
473,260
430,027
3.7
—
1,524,995
1,047,970
+ 45.5
1,361,178
6.0
1,030,819
644,993
+ 59.8
626,067
1,442,782
581,548
2,9~76~755
1,910,844
+ 55.8
1,692,428
36,876,462
36,755,104
+
0.3
9,360,157
12,002,827
8,025,397
+ 16.0
Lancaster
+
16.6
25,087,727
21,936,666
+
9.8
Lebanon
2,719,476
2,515,950
+
8.1
8,499,485
7,292,967
+ 17.3
Norrlstown
2,949,627
2,707,059
2,939,000,000
+
9.0
8,685,027
7,976,005
+
Harrisburg
Philadelphia
4.6
8,561,000,000
+ 30.6
22,163,095
8,240,000,000
18,621,730
3.5
40,828,252
6,570,023
+ 13.6
20,214,166
8,842,226
7,617,376
+ 16.1
1,883,092
1,601,606
+ 17.6
853,956
Scranton
846,762
0.8
+
5,995,156
14,779,975
14,278,437
Wllkes-Barre
7,461,466
York
Pottsville
Bois
Du
Hazleton
4,024,098
Del.—Wilmington
26,251,813
16,953,000
Fourth
Federal
Reserve
+
18,692,700
3,201,436,386
Total (17 cities)
+
3,953,069
27,393,708
3,060,212,617
J.—Trenton.
N.
+
—
+
19,843,841
17,239,063
546,094,815
511,634,922
.+
1,018,523,033
943,400,036
:■+
86,424,700
1,606,295
78,242,200
3,243,912
1,498,929
Mansfield
11,601,238
9,995,409
Youngstown
17,819,777
12,641,058
Cleveland
Columbus
Hamilton
4,133,732
Lorain
__
Newark
869,205
1,219,141,434
1
19,759,913
+
2.3
1,953,235
m
23,239,007
+
3.8
2,144,131
5,168,717
4,562,666
+ 11.1
2,329,783
2,321,437
+
0.4
+
4.9
10,679,066
10,184,002
,
73/336,074
72,095,524
52,531,900
66,843,500
8,921,359,455
8,600,794,519
i
+ 26.8
1,474,799
'
•
577,000,000
529,000,000
+ 63.7
1,361,473
3.3
3,472,393
1,195,323
+ 63.4
1,341,573
1,069,488
1,499,760
+ 43.0
2,088,588
1,955,430
3,197,642
—
1,266,221
■
'
2,356,941
T
—21.4
4.6
541,000,000
'yyy +1.7
9.4
.+
+ 36.3
3.7
12,833,493
Erie
City
18,561,824
fcy.—Lexington
W. Va.—Wheeling
14,311,837
+ 27.0
3.2
+
9.3
8.0
2,835,941,857
227,005,200
2,719,619,048
+
3,839,200
5,515,200
543,976,061
594,932,160
4,313,009
6.1
31,250,819
+ 18.4
47,771,067
43,981,927
1.5
29,908,404
26,652,089
+ 16.9
131,821,641
v..\ +
+ 10.1
7
4.4
3,324,957,685
2.5
35,690,052
49,496,903
45,555,619
+ 62.6
58,975,887
!"
151,624,077
0.6
15,341,100
169,748,245
14,376.600
+■
.+
3,100,857
12,231,100
20.8
2.038,588
2,147,256
+ 19.4
3,068,066
2,932,453
V21.4
212,795,146
179,859,423
+ 17.3
490,347,572"
429,487,795
+
8.0
+
—14.7
+
0.9
—
8.1
+
8.7
39,238,315
+ 50.3
30,115,200
+ 11.5
8,484,462,067
6.8
+120.7*.
8.6
33,582,143
8,155,329,681
*
(17 cities).
+12.5
+ 15.0
3,293,472,028
38,837,145
,+ 14.7
77,592,619
^.186,061,758
+ 12.2
2,971,983
+
85,017,180
+ 11.0
.:*v
4,008,724
—
3,303,747
+12.1
5.5
+
123,329,539
.
2,536,364
;
4.4
+16.5
r,
5.7
—
27,256,410 "
4,331,199
+
"
3,709,641
104,507,818
4.3
—
10,878,054
4,552,162
+
2,853,847,378
,
.
228,364,000
11,261,316
7.2
10,218,137
3,048,635,065
'+
1,465,526,853
+ 27.8
8,800,241
11,858,664
51,209,738
1,602,404,583
+
13,163,720
16,181,553
1,446,090
.
52,974,785
6.7
+ 10.5
*
-
1,168,092,980
50,924,029
Co.
Greensburg
Pittsburgh
Total
E
,3,193,022
+ 15.1
15,054,162
i
11,370,978
43,565,469
1,312,808
832,859
Toledo
Oil
686,000,000
2,413,466
9.3
+
District—Cleveland—
—
..
Pa.—Beaver
,
-vi
vjphio—Canton
Cinr.lrinflH
Cincinnati
3.9
+
24,117,101
1.8
2,034",424
■
+19.0
/
4.4
+
y
8.9
i
37,352,187
3,073,000,000
7,830,054
Reading
**
'
-■+
4.0
</
Fifth
W.
XXyy^Xyft^'X
Federal
Va.—Huntington
6,343,531
Va.—Norfolk
8.
366,813,410
C.—Charleston
11,891,173
17,683,915
714,846,328
Columbia
Md.—Baltimore
Frederick
O.
•A
Total (8 cities).
i
•
•-
■
5,408,312
26,956,000
339,595,047
10,713,964
15,162,074
684,872,299
2,489,047
+ 17.3
18,779,255
'
+ 10.5
+
1.7
80,251,000
-
+
6.6
6.6
29,542,049
+ 13.3
|
2,102,914
+
43.3
+
43.1
+
19.7
39,4071968
35,769~663
+ 23.3
243,072,978
191,683,291
-i
J-;
43,857.207
+
+
2.9
:
1,940,938,945
7,327,000
502,330,716
+
1.3
+
16.5
3,596,803,043
+
8.1
3,888,748,443
+15.6
5.8
g'125,737,269 ;yy
^ 38,923,464
294,765,581
^239,123,804
-
Tenn.—Knoxvllle
Mobile
Montgomery
Vicksburg
+40.7
+ "2.6
42,424,828
31,424,828
+ 11.6
131,600,000
1.6
34,208,603
30,246,748
+ 13.1
151,100,000
2,762,573
4.8
1,920~978
1,932~865
..+ 10,9
59,298,600
30,131,916
13.6
54,963,020
+
0.9
752,806,484
+
1.0
65,621,072
61,353,078
4.4
23,878,683
22,986,672
1.9
39,259,000,
38,385,000
+ 29.6
57,525,351'
+
—
+
3,032,015
+
14,414,029
43,248,101
+ 37.1
38,938,023
24,932,000
"+~14~2
33,28+296
35,~427"643
4.8
4,691,322
43,743,353
5,122,523
4,888,620
2,332,512
;
i,~763~504
.
287,863
88,471,064
259,731
202,028
67,462,586
77,244,794
+
.
4,531,061
2.3
yy+37.9
9,049,753
i+
0.9
1,180,991,400
+
7.3
7.0
5,787,005,180
5,349,468,811
+
8.2
8,743,344.
4,585,704,367
4,932,113,042
76,556,280
13,670,947
1,842,012
49,966" U7
2,940,530
1,155,756,634
26,954,764
2,253,071
0.6
—
4.4
+
42,510,248
25,206,145
+ 12.4
2,456,838
6.8
9,881,386
+ 21.9
95,900,000
5.3
3,865,478
!+21,2
6,344.515
28,862,491
+
7.5
7,994,061
8,810,092
33,197,908
111,100.000
+
8.6
2,485,651
1,724,983,488
+ 33.5
+ 35.0
-+14.8
»=■
.-+
h.
+
,+
10,799^403
+ 14.2
+
1,862,404,447
3,112,619
__
9.2
^
+ 31.5
•
4.4
213,581
60,411,007
"
415,768,575
337,816,325
+ 20.1
311,560,546
260,718,314
1,055,298
871,595
+ 21.1
543,390
516,016
+ 14.7
7,686,224
—
7.0
+ 15.5
3,977,401
+ 17.6
13,238,749
+
+
8.3
54,442,295
52,606,852
+
3.5
7,545,728
3,970,040
+
7.8
23,318,308
22,422,073
—
0.5
+ 13.7
12,675,113
12,557,912
+
8.9
13,308,347
24,695,376
130,855,717
17,644,700
33,123,687
10,075,584
169,422,117
2,926,658
4,242,619
927,585
2,574,521
11,024,021
75,848,104
37,350,633
+
4,513,390
14,542,213
27,801,839
136,626,431
Gary
Indianapolis
Bend
16,642,071
Haute
47,354,509
Wis.—Madison
11,292,213
Milwaukee
180,681,992
Oshkosh
3,078,919
Sheboygan
1
Watertown
4,504,188
788,516
Manitowoc
J
la.—Cedar Rapids..
1
2,375,525
City
Ames
HI.—Aurora
Bloomlngton
—
Chicago
Decatur
Peoria
Rockford
1
Springfield
Sterling
Total (31 cities).
12,261,443
75,108,510
35,954,054
1,130,036
3,255,659
2,652,404
2,332,886,255
Reserve.
District—St.
5,664,312
3.6
4,034.582
3,6307270
3,451,456
+07+151
15~.3
3706X361
2732X631
2,857,949
+ 15.7
+
Li
,
"r-w-r-
!
—-i'
2,865,581
27767,777
37,055,000
23,~57T66o
27,08X665
25,425,666
9.4
4,035,717
3,731,988
3,652,701
+ 40.7
41,037,348
75,979,284
10,195,707
7,450,163
7,748,843
2,560,889
7,491,093
30,455,210
32,99X795
36,7~6X280
2376327816
2.8
+
72,922,333
+
+
3,305,295
7.0
386,572,865
3.9
5.7
143,180,249
101,776,948
2.2
31,331,731
28,769,316
+
6.6
492,861,554
478,339,487
+
3.0
5.2
8,575,412
8,224,329
+
6.2
13,340,258
12,880,377
+
i
5.5
+
>'i.
5.4
+
4.5
—13.7
-
50,940,038
2,272,693
—
8.7
6,905,656
7,583,821
+
1.2
30,282,805
+
7.0
1.0
32,409,503
208,816,258
202,168,998
+
3.3
3.7
98,224,078
99,972,924
—
1.7
—
+
5.2
3,041,054
6.2
9,724,752
7,609,361
+ 17.5
6,755,593,526
6,265,974,511
—11.1
24,218,326
23,719,647
t
+ 21.1
!
89,832,335
30,460,117
9.9
2,506,993
+
4.6
+
2,186,766
16,166,729
15,382,470
7,401,179
5
9.243,271
3.6
—
2,906,471
+
—
6.4
—11.1
2,556,590
—
—
25,277,005
10,183,906
8,309,255
1,004,390
4,586,078,826
42,304,666
401,681,625
46,172,612
+
1,073,784
5,866,504
9.0
+
+
9,057,018
4,684,474,164
1
+ 43.0
3,066,262
;
9.3
3.2
+
2,751,489
2,198,580,036
30,618,308
10,838,174
8,925,082
1,047,386
70,240,458
'
+ 12.8
—
v
8,151,469
Moines
;
3.3
18,467,545
8,131,903
s.
23,332,098
4,676,714
_
.y .t,-;'
+ 11.3
22,837,283
*20,000,000
Lansing
Muskegon
Bfhth Federal
•
'
Flint
City
Wayne
X-v
District—Chicago—
Arbor
*
Ind.—Ft.
25,210,650
653,009,893
48,109,041
724,448,578
—
1,193,154
399,454,849
9,747,776
Federal
Grand Rapids
Jackson
1,814,744
!'
T01,198~204
4,1)12" 667
+ 15.9
26,004,701
+ 14.7
1,638,819,802
Seventh
-
26,410,344
725,119,701
1,992,004,000
(16 cities)
Detroit
Sioux
140,026,222
521,131,063
1,847,500,000
1,315,581
395,886,502
Orleans
";
524,427,928
2,060,912,993
6.3
+
20,299,411
7,612,544
12,900,000
15,070,595
19,529,381
3,260,791
„
197,001,821
3.9
11.5
—46.3
250,243,504
13,136,000
Meridian
Des
'
7,279,925
Jackson
Mich.—Ann
2,468*122
13
'
•"
•
8,304,588
252,379,584
21,499,817
Miss.—Hattiesburg
Terre
■-.::■■+
+ 43.2
—
8,210,794
232,052,845
16,363,096
18,768,501
...
Ala.—^Birmingham
South
10,551,371
8,724,883
263,645,338
Fla.—Jacksonville
Bay
+
46,467,054
181,748,627
10,011,460
Macon
•
648,900,000
11,715,743
Augusta
Columbus
Total
47,153,408
y"'-1
66,528,415
174,709,086
723,612,993
.
Nashville
Ga.—Atlanta
La.—New
60,046,447
v;
yv,
Sixth Federal Reserve District—Atlanta—
Tampa
4,921,0P0
,
.+
50,693,623
+ 16.6
5,444,000
64,025,466
33,461,444
1,252,000,115
826,272
1,093,774
9.4 "
—
+
2.9
+ 18.7
+ 26.0
7,114,000
—56.7
+ 16.6
•
1,220,691
!>;-v.
976,987,209
+
,
t
+ 20.7
15,562,917
.
1,053,649,557
166,803,372
1,347,955,855
/
85,551,000
8.0
2,053,900,681
7,423,547
585,289,336
2,561,119
198,030,379
C.—Washington
!:
-
29,786,000
Richmond
8,288,421
+
14.6
1,838,363
1,531,410
+
5.1
13,548,919
13,176,195
—10.0
6,675,417
4,917,303
6.3
________
1.6
763,336
423,671
46~1~176
9.4
565,049,136
547,641
412,813,336
+ 39.4
+
+ 36.9
427,293,365
398,233.845
+
7,732,233
2.1
2.140,131
1,858,927
+ 15.1
1,297,234
1,574,002
7.929,711
4,359,364
+ 81.9
—
73,874,114
*
21.6
5.4
4,642,303
5,008,520
+
4.9
2,904,039
1,988.224
+ 46.1
7.4
1,934,424
25,980,015
2,071,447
24,360,876
+
6.7
2,385,027
1,814,689
+ 31.4
+
.
+
+
+
4.3
1,732,328
2,935,605
2,635,587
11.4
1,874,797
+
+
2.1
13,353,767,469
13,097,220,211
+
2.0
702,666,468
530,461,791
+ 32.5
539,153,562
497,202,187
2,293,208,268
+
9.3
172,600,000
152,600,000
+ 13.1
143,800,000
115,500,000
r'
•
29,042,729
-
Louis
Mo.—St. Louis
Cape Girardeau
Independence
Ky.—Louisville
Tenn.—Memphis
S21—Jacksonville
Qulncy
f
11111
."
881,112,565
5,495,572
812,325,716
779,183
"*
"
Total (7 cities).
1
5,150,733
976,190
345,127,037
208,697,401
+
7.2
2,379,346,194
+
6.7
18,098,740
—20.8
:
15.968,032
+13.3
2,698,620
—14.2
319,024,003
+
3.5
2,316,137
1,047,704,635
933,894,594
+ 12.2
69,091,237
185,480,026
603,917
+ 12.5
62,534,398
+ 12.1
629,595,568
57,794,971
587,241,397
+
7.2
46,271.247
697,665
46,743,840
+ 15.5
32,719,883
+ 46.3
1,980,313
34,914,948
32,531,192
5,365,560
1,731,371
5,290,000
+
1.6
14,124,720
14,729,000
4.1
17591,258
1X5X660
"+~3~8~2
"90X000
1,015,666
1,448,074,983
1,328,850,585
+
9.0
4,093,166,307
3,849,471,282
6.3
290,026,335
249,005,281
+ 16.5
237,412,919
195,317,439
+ 14.3
—
+
$
Ninth
16,456,483
17,634,471
621,962,152
Minneapolis
638,271,929
3,277,119
3,791,357
0.1
145,850,240
53^40,405
3,018,346
%
April
Inc.
$
3.9
497,411
,15,145.500
14,745,450
2,518,000
+
3,124,900
1,846,711
+
7,027,053
14.442,190
5,972,711
15,819,227
1,571,173
1,455.453
—
—-—
Huron
*—
7
1943
or
Dec. %
1942
$
$
4.6
7,501,880
7,346,922
1,554,981
1,482,076
'•
109,074,631
+ 33.7
116,551,339
89,166,832
38/125^062
~+36~5
437590,171
37/243,736
764,906
+ 294.5
3,107,749
+ 14.0
1,304,276
4.9
2.7
46,370,679
44,753,652
3.6
+ 20.1
8,517,900
7,839,000
8.7
12.5
6,561,136
6,445,269
1.8
+ 17.7
20,398,191
17,982,375
+
8.8
41,444,667
43,145,823
+
7.9
3,774,974
4,615,370
—18.2
+ 13.4
3.9
—
1/708",565
14,873,119
18,291,431
16,991,184
+
65,237,270
61,567,443
+
403,758
+ 19.3
1,407,847
1,253,107
+
4.6
2,729,118,020
2,691,994,215
+
4.3
3,016,431
2,850,650
+
1.0
53,752,691
57,446,684
1,092,856
iTo~7~615
212,365,389
159,537,734
+ 33.1
173,551,001
4.2
907,052,374
16.7
-T.5
7.6
+ 11.7
4,139,875
+ 29.7
+18.2
1,463,507
3/799,143
+ 26.0
948,940,009
cities)
3,021,428
2.1
+ 11.5
+
5,526,538
5,008,429
Lewistown
(16
3,796,995
1,378,393
4.4
+
19,598,235
5,919,164
—.
Total
—13.6
+ 12.3
21,900,565
481,554
6,964,117
Falls
Helena
+
593,414,048
2,518,762
—
6,950,384
619,235,684
Falls
Great
19,294,168
+
988,311
+ 20.4
+
ia
+
5.8
258,039
435,619
335,805
+ 29.7
319,700
200, -.00
—
6.4
4,201,193
4,570,282
—10.3
4,083,703
3,273,018
3.9
70,548,592
75,862,324
7.0
69,365/224
43,350.687
3.1
4,230,929
2,119,194
^
Lincoln
Parsons
;
Wichita
City
—*
Joseph
Carthage
bt.
Dkla.—Tulsa
Denver
Springs
__
Pueblo
a-.v
136,693,895
Eleventh Federal
El
V
4,607,455
;
Falls
v
'
———
7,254,805
2,967,406
168,141,777
+ 17.3
172,735,773
128,~567~565
6,476,241
6,532,423
0.9
5,540,053
+
95,220,388
—10.8
3,014,628
+
+ 11.5
159,634,074
+ 21.3
84,961,333
14,688,938
788,605,156
741,024,506
12,266,896
1,179,453
6,405,747
+
4,955,619,625
4,774,364,596
+
3.8
+18.4
1,058,397
848,453
+ 12.8
1,076,575
1,044,646
13.2
5.8
911,447
956,641
+ 13.1
7,253,170
4,028,678
+ 12.8
12,775,964
—
t
4.8
14,064,507
8.2
3.2
1.1
v
—
I
285,290,378 /
<,
+
5.1
+
271,480,642
v
264,302,192
3,302,776
3,154,195
4.7
187,873,595
3,083,357
118,757,000
101,885^000
~+~16~6
93,216^161
+ 12.0
14,~677~240
12,588,011
~+~2~5~5
11/755^054
9.8
3,080,000
3,570,000
—13.7
2,855,000
25,704,499
+ 13.4
1,451,645,628
+ 15.6
3.7
+ 15.6
189,312,401
165,972,672
3.3
39,839,000
44,158,000
+ 22.7
1,479,854,450
1,266,667,536
+ 17.0
7.4
11,889,598
13,723,475
2,048,879
*
•
29,147,671
1,678,590/285
148,241,654
—20.7
+
+
—
—
+
21,484,813
8,972,630
3,232,804,171
/
6,780,709
9,6487704
•'
2,338,000
1,539,938
1,359,318
+13.3
1,077,407
l7o28,357
5,517~985
4,348/746
'+2679
4,3427391
4,501,619
146,874,939
126,905,270
+ 24.5
+ 11.1
18,430,854
3,725,621,394
+ 16.r
—
66,614,882
5.9 v
+
68773676i<«
8.4
+
136,692,389
76,274,054
22.0
+ 92.5
1,124,814,875
+32.3
+ 14.5
+ 15.6
116,329,370
88,301,569
/
Yakima
+ 22.2
3,085,000
+
25.0
10,509,000
8,619,000
+
4.7
948,870,334
+
19.6
982,496,797
21,997,838
7,511,574
6,285,449
Otah—Ogden
Salt
Lake
City
Ariz.—Phoenix
32,800,132
—
12,169,795
Calif.—Bakersfield
Berkeley-.
46,751,780
/
Long Beach
//Modesto
San
Jose
6,919,006
—
Total
Grand Total
71,862,096
65,423,053
767719,464
24,306,256
24,0277804
25,207~,344
14,930742
10,2567612
22.0
+ 22.1
3.5
+
,=•<•
50,710,943
1
•Si.
+ 13.5
19,389,240
+
3.1
+
8.4
30,653,474
+ 19.7
47,118,177
—16.7
0.4
137,933,080
: >
95,578,085
138,535,482
u
'
0.4
—
23,899,079
+ 22.3
7,"1747210
6,411,799
+ 13.3
56,789,883
■
12.2
20,331,031
18,067,620
+ 12.5
.6,567,634
3,956,403
+14.6
f
26,608,004
69,433,443
+
20,542,936
25.7
26.7
3,876,884,239
+ 10.0
267^449,000
250/7Ql7b00
83,529,073
3,525,116,237
61,809,222
+ 35.1
6,120,054
5,370,970
+ 12.1
29,604,282
25,211,525
+ 17.4
2,258,032
1,904,793
+ 18.5
1,483,620
1,361,582
67,737,963
56,023,444
+ 20.9
H,700,000
4,157,371
+ 12.8
3,769,531
2,902,188
+
21.8
+ 23.8
19,034,248
2,264,398,371
+
••
21.8
»
7
L
+
'
3,128,205
/
3,481,30.9
203,6887890
6.7
166,3597000
3,821,915
2,801,665
/
48,613,161,624
+
23,497,275,956
+
6,607,945,291
+
7.2
498,883,644
451,509,585
+ 10.5
414,952,897
313,097,333
138,307,483,718
+
9.7
13,317,869,397
9,146,687,625
+ 45.6
8,605,840,417
6,264,332,395
70,897;248,884
67,596,763,721
+
4.9
6,853,076,958
4,001,794,057
+ 71.2
3,690,926,444
3,287,098,101
•
CO
24,994,627,173 d
7,081,564,538
151,767,207,936
+10.9
52,694,184,532
(186 cities)
Outside New York
1,190,564
+
,
2,511,488,540
—
'59,~3227l68
1,568,755
+
10,367,131
cities)
(19
88,390,963
+ 10.0
36,688,944
39,245,043
17.3.
—
23,192,476
Barbara
+ 17.5
2,085,271
363,104,274
+
8,377,826
Stockton
83,714,363
2,294,573
374,535,629
103,580,456
4.4
+ 28.4
1,230,747,437 /
1,396,821,000
29,781,421
Francisco
Santa
/
23,773,891
/:
„—
San
'l '
98,385,857
—24.1
7,430,837
18,763,476
6,256,779
9,344,175
—.
.
Pasadena
Riverside
*
k
13,023.682
':
1.8
+
24,605,267
30,006,997
+
123,736,915
27,957,313
9,481,098
17,148,914
46,952,990
/
129,019,907
...
25,946,107
8,610,345
343,383,925
*
y'
•
+ 28.1
1,127,553,544
317,481,069
/•
3,855,000
4—
1,126,244,642
,
■
'
.'/)•
0.8
—
—
9,341,645
10,525,927
Ore.—Eugene
11,052,297
;i
+ 22.9
11,481,387
Ida.—Boise
V:
33,229,350
4.7.
+
379,101,669
397,004,982
Seattle
:
')
i
,
:
10,968,727
7.3
—
4,055,920
3,761,349
t
-
Twelfth Federal Reserve District—San Francisco—
Wash.—Bellingham
Portland
62L757
I
+ I5t4
36,413,577
8.2
+ 13.5
1,541,501
1,306,218,174
...
42,014,838
8.6
—
23,633,576
—
—
'(//■///'7'7.7'' //:/. -V;
197,290,918
2,505,119,594
3,361,076
+
/
4,976,778
5,947,741
-
25,039,459
.
La.—Shreveport
(11 cities)
4,528,716
6.1
2,656,841,331
+ 29.1
56,162,159
14,679,000
439,106,389
14,194,000
s
Arthur
Total
5,704,138
+
8,480,854
507,455,896
48,206,399
538,954,743
—
—37.4
193,670,855
+
14,624,582
64,943,428
Texarkana
11,299,734
5.8
+
—
+
1,671,329,301
50,010,505
'
Galveston
'•Wichita
2,781,952
7,074,472
+
5.9
2,005,408
575,724,281
,
Worth
Houston
2,869,210
0.3
10,925,198
+18.3
-
4,170,695
9,160,492
Paso
/Port
14.3
34,436,750
101,035,423
+ 11.4
V.
-
13,361,600
—
—
—
Dallas
'/ .Ft.
4.9
+
11,559,819
-
/•
—
139,334
187,700
District—Dallas—
Reserve
Texas—Austin
Beaumont
7.3
+ 31.3
196,445
1.5
—
39,367,718
17.4
—
—
100,730,710
13.1
5,103,508 ,•/:./
1,768,034,183
{\6 cities).
T4U1
3,818,704
16.8
263,356,007
2,588,774
Wyouing—Casper
4,106,212
+
54,678,392
64,685,968
/.// 5,161,800
284,915,606
4,414,841
_
Colo.—Colorado
3.8
+
737,333
■
821,312
-
3,432,892
+
,
3,783,624
877,796,677 //
30,327,264 ,/•
28,536,982
,,—
1,018,043,524
3,382,131
+
32,136,132
4,442,370
941,506,45?
Mo.—jQpUri__—„——.
978,170,521
19.2
+
1,015,511
1,283,282
12,302,625
36,237,605
—
1.1
+
—
362,554,627
1,330,078
13,343,343
-
Topeka
Kansas
19,119,560
19,308,624
358,529.342
1,210,976
—
Omaha
•i
958,656
1,000,110
—
Kans.—Manhattan
v
1/742^181
'
City— «
—
Hastings
•
>
?
I.''
Federal Reserve District—Kansas
Tenth
Neb.—Fremont
i
1,813,339,990
7,246,800
+ 30.7
Mont.—Billings
i
1,814,224,120
+ 22.1
554,600
D.—Aberdeen
,i
3.6
—
2,294,878
2,176,761
Sioux
/
49,994,453
172,940,411
Minot
;
48,056,292
2,429.099
Fergus Falls
N. D—Fargo
Grand Forks
*.
6.7
—
226,084,410
Paul
Winona
B.
Ended
1944
$
Dec.
2,700,288
Rochester
•
$
Federal Reserve District—Minneapolis—
Minn.—Duluth
St.
194*
$
Dec. %
1945
Inc. or
1945
Inc. or
1944
$
■
-Week
-Jan. 1 to Mar. 31-
-Month of March1945
'*
(Searings at—
1695
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
161
Volume
6.4
•Jtstimated.
;
Redemption Calls and Sinking Fundand common stocks called for redemption,?
those called under sinking fund provisions.
The date indicafes the redemption or last date for mak¬
dated June
Hotel
Income
mtge.
Date
&
Co-Ordinated
Service
7
Transport
Alabama
due
1st;
Great
RR.,
1967
of
Fathers
Franciscan
l'st & ref. mtge. serial
nois,
Atlanta
&
Charlotte
Ry.,
State
ser. A,
i—
—
A,
"
3%s
.
Blackstone Valley Gas &
trust
1
1417
1
San Jose
1
'
7% debentures due 1949—May
Buffalo Creek RR.,.lst mtge. 33/4S, ser. A, due 1965—.May
v
Celotex Corp.,
l
1420
1
Maine Power Co.,
Central
series
J,
debentures due 1955——May
12-yr. 3%%
due
& Ohio Ry., ref. & improv.
series D, due 1996——
due
1st & gen.
mtge.
1975
Dallas
Park
H538<
•,,
,
1539
—4——.May
1
.1421
May 10
667
1093
mtge.
3'/2%
May 10
3'/4S, series C,
1
1467
1
1467
due 1951
May 1
Inc., 1st mtge. 3'As, due I960..May 15
Water Works, 1st mtge. 33As, ser. A, due 1961-Jun
1
1548
*
1469
?
Youngstown
Sheet & Tube Co.,
due ^1960
Denver Tramway Corp.,
due 1950
1st
gen.
mtge.
& ref.
..May
1
1540
bonds
May
6
*
July
1
1540
May 15
1094
mortgage serial bonds dated 1941
1360
1
1473
1031
1473
Co. Louisville & Nashville, col——May
ri++fAtlantie-Coast Line RR
1419
1419
1537
May
1
1311
563
Bishop and Trustees of the Protestant Episcopal Church
of the Diocese of Chicago, ser. A 5 7c notes dated 1938-May
1
1538
collat. trust
—,—May
1
1538
—Apr 19
1312
bonds, due 1952
Plywood Corp., convertible preferred
Northern
bonds,- series
due
^1948
1
Power
A
Products
Corp.
57c
Ltd.,
1953—
due
Corp.,
*
debentures, ser. A,
20-yr.
—
—
-
stock
Chicago & North Western Ry.—
collateral 4%
Consolidated
lien
5s due
1
1
1094
1424
6s
due
—May 15
series
A
$6 preferred stock
Lower
Apr
§
—_
25
1426
5s due
1958
1095
19
1427
4
1427
16
1427
Apr
—Apr
...
Power Co.,
Lawrence
and
C,
B,
1st mtge.
5s due
Field
&
ferred stock,
1544
J2075
2P
1
May
May
preferred stock and 6%
second series
State
1319
May 25
6%
Co.,
989
l;.'/
1955,
D
Metropolitan Edison Co.—
1st mortgage 4% bonds, series G, due 1965
Mid-City Cold Storage Co., 1st mtge. 5s due 1951
1545
pre¬
Apr 23
—
7
1428
Water Co.—
Mountain State
New
1
July
A,
l"*! 7
Apr 10
1947—
St.
1424
Apr30'f
stock
—
series
1541
77c
Kingston Elevator Co., Ltd., first mtge. 6s due 1950
May
Los Angeles Pacific Co., 1st ref. mtge. 4%
bonds, due
1950
984
Utilities Corp.,
1st mtge.
6s,
ser.
A_.May
1
'
1545
'
York, Chicago & St. Louis RR.—
Toledo, St. Louis & West. RR., 1st mtge. 4s, due 1950_Oct
1t 313
preferred stock__May
1,
due
Jun
1
Jun
1
1431
Northern Pennsylvania Power Co.—
and
ref.
1964
series A,
mortgage 5s,
1956.,
•/
1246
1st & ref. mtge, 4s, series G,
—!
1547
Corp.—
Apr 30
472%. collateral trust bonds...
Apr 30
/'^Arthur Apartments (Chicago), real estate bonds..^—Jun 1.
Canada
and
...
1st mtge.
Pacific Gas & Electric Co.,
4+27,. debentures due 1963
Atlas
Bakeries Corp.,
Mountain
1470
ENTIRE ISSUES CALLED
American Railways
lateral 47c
preferred
North American Acceptance Corp., 7%
May
1954
Kentucky Ohio Gas Co., 6% bonds due 1950—
May
Keystone Printing Service of Libertyville, 111., 1st mtge.
due
..
77c
Corp.,
Corp., preferred stock.!
Holeproof Hosiery Co., Preferred
1st
15-year
mtge. bonds, ser. A,
Evangelical Mission Covenant Church of America—
1st
—-———-—
July
due
May
Apr 27
& Gas Corp., 572 7c debs.,
Co., $4.50 preferred stock—
15-year 37c debentures due 1958
Marshall
1st mtge. S'As, ser. B,
—
Certain-teed
-
....
Apartments,
debentures
'
—
...
3
Collins & Aikman Corp., convertible preferred stock
Collins & Aikman Corp., 5% conv. preferred stock
Connecticut Power Co.,
.1420
.
May
Chesapeake
bonds,
-1538
1
bonds,
1968——
1548
May
:
debentures due 1956---.
—May 1
Wilson & Co., Inc., $6 preferred stock
—May 31
Windspr Gas Co., Ltd., 1st and ref. 5s, due 1966—„—May
1
,
1st & gdn. mtge. 3'/2%
1430
1431
1098
1419
May-1
Sand & Gravel Co.,
Boston
1429
-May
1962
due
:
1
Revere, Copper & Brass,
1537
Electric Co., 1st mtge. & collat.
3s, due 1973——.
37e
1
1
1
Superior Oil Co., 3'A7c;
7
V
May
1
collat.
May
bonds, series B
Water
Flintkote
Power
Page
and first collat.
Hajoca
Co.,/ 47c, debentures, due 1952—
May 15
Squibb (E. R.) & -Sons, $4.25 preferred stock, series B..May 1
Standard. Gil Co; (Ohio), 4'A 7"' conv, preferred stock..May 17
Pages
IUi-
^
-.May
—
—
Ltd., Inc., 20-yr.
Co.
&
1545
Simmons
>,1584
.
_^_aMay
of
Morris
1
1
mtge. 5%
Federal
Interstate
1st mtge. conv. bonds dated 1935_May
Inc., 1st mtge. 4V2s, series A—Jun
20-year 2% debentures due 1963
Pressed Steel Car Co., Inc., 57c debentures
.
1963
Jun
1
1st lien collat. trust 5s,
Corp.,
Water & Power Co., ref. mtge. &
bonds due 1970;—--—
due
,
dated 1942__May
1st mtge.
& Electric
Utilities.
Philip
*
1541
2
Date
ser.
...
of the
bondg,
Line
Air
"
7
3'As,
mtge.
i...
Association
i
7
1st
1953
trust 3V4%
v
' .,yfr-'f
..Apr 16
1548 •/;
REDEMPTION
.
Southern
preferred stocks —
Georgia Power & Light Co.,
Pennsylvania
ref
and
—
PARTIAL
-
,
'/
;
convertible debentures due 1959--^—Apr 20
Company and Issue—
Florida
1428
■v
May
•
bonds due 1990
mtge.
Textron, Inc., 5%
Page
//?., .)
i.___„Apr 19
______
——
Public
due
Gloversville/RR. 1st mtge. 4s due
1991
989
1428
Northwestern
Los Angeles,—
of
1
Northern Utilities Co.,
TENDER
/
bonds.........
Johnstown
Fonda
Co.
989
1936———
1,
National Gas
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Ambassador
1426
1
(R. H.) & Co., Inc., 2V2 % debentures due 1952—May
McCrory Stores Corp., 3% % debentures due 1955_-i.__-.May
Minnesota Transfer Ry., 1st mtge. 3%% coupon bonds
including
Company and Issue—,
1
Macy
preferred
OF
May
1st mtge. 5s, due 1978
& Navigation Co., 4% fund. & improve.
bonds ——
—July
Litchfield & Madison Ry., 1st mtge. 5s, due 1959——.May
Louisville Transmission Corp., 1st mtge. bonds due 1967-May
Below will be found a list of corporate bonds, notes,
NOTICES
1541
mortgage
7-
Date
1
Coal
Lehigh
Issue—
Eastern Oregon Light & Power Co., ref.
JtubbeiiCbTj 3% debentures due 1961—May
Georgia Power & Light Co.,
Notices
and
Company
Data
and Issue—
Company
Firestone Tire •&
Cities
July
notes, due 1954
Light,
Power
&
Traction
stock
Marquette
Ry.—
1
bonds, series A, due 1956
1st mortgage 4% bonds, series B, due 1956
1st mortgage 5%
1st mortgage
Portland
Procter
&
RR.,
4'/a7c
1st
bonds, series C, due 1980
consol.
Gamble, 5%
mtge. 372S, due
1
1540
1
1540
1247
1247
May 11.
1951
July
stock
preferred
1
1247
•
211
1247
May
1
1582
July
1
60'.
1st mtge. 5 72 s, due 1960
May
Springfield Gas St Elec. Co., 1st mtge. 5s ser. A, due '57_May
1
1
102°
1*70
debs., ser. A, due 1953-Apr 16
774
Rolph-Clark-Stone,
Ltd.,
South Carolina Power
1st lien & ref. mtge.
1st mtge.
Jun
4s
Co.—
57*
bonds, due 1957
Southern Utah Power Co.,
Tri-Continental Corp., 57e
conv.
Washington Ry. & Electric Co.—
I
609
1961__Apr 23
May 3
136)
15^4
.Jun
mortgage 4s, due 1951
West Virginia Water Service Co., 1st mtge. 4s, due
July
..May 11
May 11^
15
Consol.
1
1st
July
1962
DiGiorgio Fruit Corp., 77c preferred
Co.,
Pere
Wheeling Steel Corp.,
•Announcement
1st
mtge. 3 V28, ser B, due 1966
in this issue,
tin volume 160.
§Upon presentation.
THE COMMERCIAL & FINANCIAL CHRONICLE
1696
The Capital
Monday, April 16, 1945
Flotations in the United States During the Month of March
And for the Three Months of the Calendar Year 1945
New capital issues for the month of March totaled
$357,810,201, and were the largest for any month this
year.
This compares with $188,257,290 reported in Feb¬
ruary and $148,990,455 in March, 1944.
The March fig¬
ures were exceeded by those of September, October and
November, 1943 and with these exceptions were the biggst in amount for any month since August, 1941.
The
financing for the month followed the trend of the previ¬
ous 15 months, with the greater portion falling under
the refunding column.
Of the month's financing, $295,766,014 or 82.7% was for refunding purposes and $62,044,187 or 17.3% for new money.
Of the total, public
utilities accounted for $219,715,000, or 62%; other indus¬
trial and manufacturing, $64,469,001, or 18%; iron, steel,
etc., $29,100,000, or 8%; railroads, $13,926,200, or
all other categories, $30,600,000, or 9%.
issues of the month were $100,000,000
Commonwealth Edison Co. 3% bonds; $80,000,000 Paci¬
fic Gas & Electric Co. 1st & ref. 3s; $24,000,000 Wheeling
Steel Corp. 1st & ref. 3V4S, all issued for refunding pur¬
poses, also $15,375,000 (150,000 shares) $3.75 cumulative
preferred stock (no par) of Continental Can Co., Inc.,
issued for general corporate purposes and $15,000,000
4y4% cumulative preferred stock (par $100) of Marshall
Field & Co., issued to refund existing preferred issues.
Private issues for the month comprised 14 separate
The
,
3% and
largest
44% of the total.
15.7% so placed in
issues, aggregating $157,275,000, or
This compares with $29,600,000, or
•INTRA-GOVERNMENT
February and $56,414,000 or 17.9% of the total recorded
"
CORPORATE
OF
Notes
Total
.«
for
First
26,925,290
——
quarter
161,332,000
188,257,290
62,044,187
February
March—
295,766,014
357,810,201
131,710,408
—
729,377,786
2,798,000
7,517,000
442,576,000
243,000,000
Total
for
Total for
11,570,000
193,430,000.
443,000,000
11,570,000
436,430,000
1,311,697,000
70,710,000
1,240,987,000
March
months..
three
sales of special series certificates and notes; certificates
Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal Old Age and Survivors Insurance Trust Account,
Civil
Service
Retirement
Fund,
Retirement
Fund,
Foreign Service
•Comprise
sold to
Canal Zone Retirement Fund. Alaska Railroad Retirement Fund,
Savings
Life
Federal
Savings
&
Loan
Insurance
36,373,283
give complete details of the capital flota¬
we
118,900,457
95,686,940
73,364,291
125,811,993
74,902,000
44,743,680
95,812,568
Second quarter-.
142,453,492
375,731,367
518,184,859
79,404,976
215,458,248
288,298,364
698,005,295
986,393,659
150,476,205
263,287,476
57,327,813
153,916,988
211,244,801
246,180,985
429,924,540
19,174,700
140,608,034
400,716,820
22,403,704
65,579,800
79,311,000
55,165,000
84,754,500
101,714,704
65,040,000
695,241.842
September
9,875,000
887,350,326
51,453,404
200,055,800
201,929,609
463,343,276
748,153,755
358,709,844
132,785,499
40,673,226
86,662,467
121,032,738
69,861,543
83,128,500
97,365,272
172,115,497 1,067,533,601 1,239,649,098
175,942,736
239,652,510
&
Omaha Ry.
2V2%'.
July 1, 1945-56.
PurPurchased from the RFC
by Halsey, Stuart & Co., Inc. and offered at prices to
yield from 0.75% to 2.10% according to maturity.
127,335,693
190,894,281
14,236,772
415,595,246
480,406,848
....
1,344,000 Chicago,
St.
Paul, Minneapolis
equipment trust certificates, due
665,272,885
192,108,484
Nine monthsOctober
617,535,452
335,894,097
114,104,052
130,618,303
November——
22,815,747
December
18,681,447
-
&
>:v;.%77-%%%.pose, purchase of equipment.
251,509,204
1,393,337,137 1,873,743,985
Third quarter—.
Years)
RAILROADS
413,763,681
105,572,951
29,207,720
(Issues Maturing Later
Five
Maine RR. 4% 1st mtge. bonds, series RR, due
July 1, 1960.
Purpose, refunding.
Purchased from the
RFC at 103 and int. by Kidder, Peabody & Co. and The
First Boston Corp. and placed privately.
294,863,224
Six months
—
1,397,000 Seaboard Air Line Ry. 3% equipment trust certificates
series JJ,
due $127,000 annually to Jan. 1, 1956.
Pur¬
pose, purchase
of equipment.
Purchased from RFC by
Halsey, Stuart & Co., Inc. at 105.45 and int. and reoffered at prices ranging from 0.85% to 2.15% acording
to maturity.
1
'
,
.
Fourth quarter-.
m
During March, 1945
Long-Term Bonds and Notes
*$10,COO,000 Boston
August—
;
Details of New Capital Flotations
95,390,457
47,829,228
20,784,940
28,620,611
29,999,425
120,377,691
Corporation.
during March, including every issue of any kind
13,195,000
71,071,229
181,100,006
216,707,162
107,635,665
184,091,294
84,004,408
73,464,341
32,615,868
June
Postal
Government Life Insurance Fund, National Service
Fund,
Federal Deposit Insurance Corporation,
and
System,
Insurance
Than
April.
May.
243,000,000
205,000,000
——.
10,315,000
1,865,000
38,447,228
56,943,229
468,208,800
322,363,928
145,844,872
861,088,194
14,115,000
brought out in that month.
11,330,000
160,450,350
158,761,995
148,990,455
122,683,000
96,146,215
103,534,713
37,773,350
62,615,780
45,455.742
456,691,000
February-
219,476,000
Certificates
$
315,020,703
272,279,772
223,100,000
14,115,000
Total
Refunding
$
$
42,740,931
January
361,981,000
March—
tions
Capital
45,025,000
233,591,000
Total
-1943New
Total
298,591,000
223,100.000
—
Notes
1945, 1944 AND 1943
Refunding
12,015,000
February—
Notes
Capital
63,390,000
407,006,000
for January
33,010,000
310,606,000
.....
$24,001,899 was for new money and $149,982,000 was for
refunding purposes.
For the first quarter of 1945 municipal issues footed
up $309,918,487, as compared with $99,979,064 for the
first three months of 1944 and $156,142,104 in 1943.
Of
the 1945 total new capital accounted for $129,039,987 and
refunding operations $180,878,500.
Below we present a tabulation of figures since Janu¬
ary,
1943, showing the different monthly amounts of
corporate financing. Revisions of the 1944 and 1943 fig¬
ures may be necessary, particularly as additional private
financing is brought to light.
-1944New
Total
Refunding
Capital
96,400,000
Certificates
-1945New
Net Issued
$
Certificates
Municipal issues for the month of March aggregated
$173,983,899, the largest for any month since March,
1941, when $178,648,561 was recorded.
The large show¬
ing for March is attributed to the floating of $110,000,000
bonds of the Triborough Bridge Authority and $12,000,000 obligations of Port of New York Authority, both is¬
sues being for refunding purposes.
Of the March total
FIGURES BY MONTHS
Retired
January-
Below
SUMMARY
FINANCING
Issued
1945—
'"'.J-'- •
:■
For the first quarter of 1945 total corporate emissions
footed up $861,088,194 as compared with $468,208,000 for
the first quarter of 1943.
Of the 1945 total, public util¬
ities aggregated $349,715,000 or 40.6%; railroads, $282,440,500, or 32.8%; other industrial and manufacturing,
$148,325,694, or 17.2%, and all other categories, $80,607,000, or 9.4%.
y
77,7.- 7Z77/;
1
for January..
Pacific
•1,185,20a1 Western
general
RR.
income
4%%
mortgage
bonds series A,
Twelve months..
702,995,786 1,080,868,131
377,872,345
652,522,345 2,460,870,738 3,113,393,083
incident
claims.
and
Offered
Dated
1&, the Treasury Department announced the
offering of %% 1-year Treasury Certificates of Indebt¬
Accepted
Applied for
Due
On Feb.
Mar 16
Mar 22
91 days
Mar 23
Mar 29
91 days
Feb
19
Mar
1
ma¬
Feb
19
Mar
1
1 year
1 year
turing March 1, 1945, %% Treasury Notes of Series A-
Feb
19
Mar
1
1 year
B-1946, dated March 1,
1945,
in
ex¬
change for 0.90% Treasury Notes of Series D-1945,
1945, maturing March 15, 1945 and P/4% Treasury Notes
Mar 1-31 Mar
10-12 yrs
889,075,198
Mar 1-31 Mar
12 years
10,421,000
of Series
Mar 1-31 Mar
2 years
233,055,900
C-1945, maturing March 15, 1945, the results of
Total
The Treasury also made the usual
weekly offering of
Treasury bills, the sale
of
Savings
bonds,
depositary
On March
22, the
offering of % %
1-year Treasury Certificates of Indebtedness of Series
C-1946, in exchange for %%
Treasury
Certificates
Indebtedness of Series B-1945, maturing March
results of which will be reported in
our
of
1, the
refunded
present
UNITED
$1,-
STATES
TREASURY
FINANCING
Dated
Due
Applied for
DURING
Dec 26
Jan
4
91
Jan
5
Jan
11
91
Jan
12
Jan
18
Jan 19
Jan
25
Jan 1-31 Jan
l
days
days
91 days
91 days
Jan 1-31 Jan
10-12 yrs
12 yrs
Jan 1-31 Jan
2 years
Feb
1
Feb
Feb
8
91 days
91 days
1 year
1 year
10-12 yrs
12 yrs
7.915,500
2 yrs
212,396,300
Feb
9
Feb
15
91
16
Feb
23
90
Jan 22
Feb
1
Jan
Feb
1
Feb 1-28
Feb
1
Feb 1-28
Feb
three
♦Average rate
rate
series,
ity,
are
have
months..
on
a
11,835,723,098
sold
at
on
a
....
series
E
have
a
10-year
Comprised of three sepa¬
maturity, are sold on a
maturity, are sold at 100, and bear 2J/2% interest,
of separate issues, designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947. Series A earn
about 1.92% a year and series C, about 1.07%.
a
12-year
b Comprised
USE
OF
FUNDS
Total Amount
Security
Ballou,
Price
Jan
Accepted
4
91
day Treas. bills
Jan
11
91
18
91
&
&
*
New
Indebtedness
*0.375
99.905
•0.375
99.905
•0.375
a
a
9,351,000 100
2
257,710,200 100
b
days
days
1,315,758,000
1,309,856,000
1,300,100,000
1,308,371,000
4,646,075,000
394,552,000
847,990,142
7,915,500
212,396,300
&
*3,000,000 Laclede
March
St.
U. S. Savings Bds.
Depositary bonds.
1.074,179,535
9,351,000
1,074,179,535
9,351,000
Tax
257,710,200
257,710,200
February
Mar
1
91 days
1,308,901,000
6,765,000
January.—.—
♦0.375
99.905
99.905
99.906
100
5,118,980,000
1,348,005,735
91
8
91
day Treas. bills
day Treas. bills
Feb
15
91
day Treas. bills
Feb
23
90
day Treas. bills
Ctfs.
of
indebt
4,646,075,000
4,646,075,000
Ctfs.
of
indebt....
394,552,000
394,552,000
Feb
1
U.
Savings Bds.
Feb
*
Depositary bonds..
847,990,142
7,915,500
212,396,300
Feb
S.
Tax
for
Antic'n
notes
February
Mar
8
91
Mar 15
91
*0.376
Mar 22
91
%
Mar 29
91
%
day Treas. bills
day Treas. bills
day Treas. bills
Mar
1
a
a
Mar
1
Ctfs.
of
indebt
100
2
Mar
1
Ctfs.
of
indebt
100
b
Mar
1
U. S. Savings Bds.
Depositary bonds..
Mar
Tax
91 days
1,314.147,000
1,309,916,000
*0.375
8
2,065,776,000
2,436,231,000
99.905
Mar
99.905
91 days
2,085,514,000
1,315,908,000
99.905
*0.375
7,915,500
212,396,300
notes
1,314,147,000
1,309,916,000
1,315,908,000
1,302,532,000
1,313,993,000
1,073,031,942
1,203,676,000
1,204,896,000
105,020,000
1,207,016,000
108,892,000
1,217,168,000
85,364,000
111,837,000
1,202,156,000
2,108,139.000
&
Equitable
Torrey;
&
Gardner;
L.
Rothschild
F.
is
Gas
1,
&
Light
Co.
314%
Co.
1948-1955.
Insurance
Co.
serial
Bank
and
debentures,
refunding.
Purpose,
Commerce
&
Boatmen's
Sold
Trust
Co.,
National
due
privately
Mutual
Bank
of
Louis.
4,000,000 Northern Pennsylvania Power Co. 1st mtge. bonds 2%%
series, due 1975.
Purpose, refunding
($3,641,500), new
construction
by
W.
&
Co.,
C.
($358,500).
Price,
101
and
int.
Offered
Langley & Co.; Glore, Forgan & Co.; F. S.
Coffin & Burr, Inc. and A. C. Allyn
& Co.;
Inc.
7777,' V
■
Total
for
March
Gas & Electric Co. 1st & ref. mtge. 3% bonds,
M, due Dec. 1, 1979.
Purpose, refunding.
Price,
107% and int.
Offered by BIyth & Co., Inc.; Almstedt
Brothers; Ames, Emerich & Co., Inc.; Atkinson, Jones
& Co.; Atwill and Company; Auchincloss, Parker & Redpath;
Bacon,
Whipple &
Co.;
Baker, Watts & Co.;
Baker, Weeks & Harden; A. G. Becker & Co., Inc.;
William
Blair & Company; George D. B. Bonbright is
Co.; Bosworth, Chanute, Loughridge & Company; Alex.
Brown & Sons; Brush, Slocumb & Co.; H. M. Byllesby
& Co., Inc.;, Central Republic Co.
(Inc.); Chace, White¬
side & Warren, Inc.; E. W. Clark & Co.; Clark,
Dodge
& Co.;
Coffin & Burr, Inc.; Cohu & Torrey; Cooley is
Company; Courts & Co.; Curtiss, House & Co.; J. M.
Dain & Company; Paul H. Davis & Co.; Davis,
Skaggs
series
&
Co.;
Smith;
Dewar,
R.
Dominick
S.
is
Robertson
Dickson
&
Dominick;
&
Co.,
Pancoast;
Inc.;
Drexel
&
Dick
&
Merle-
Dillon, Read & Co.;
Co.; Eastman, Dillon
&
889,075,198
Co.; Elworthy & Co.; Equitable Securities Corp.; Esta&
Co.;
Clement A. Evans & Co., Inc.;
Fahey
& Co.; Farwell, Chapman & Co.;
Field, Richards
& Co.; The First Boston Corp.; First of
Michigan Corp ;
10,421,000
233,055,900
Inc.;
2,108,139,000
492,396,200
1,546,139,800
889,075,198
10,421,000
233,055,900
110,471,000
492,396,200
1,546,139,800
brook
Clark
*0.375
Mar 15
Antic'n
847,990,142
11,343,013,942 10,269,982,000
*0.375
2
4,730,000
1,308,371,000
1
*0.375
9
1,300,100,000
1
91 day Treas. bills
Mar
1,311,028,000
1,309,856,000
1,300,100,000
1,308,371,000
Feb
1
Mar
1,315,758,000
1,309,856,000
Feb
Mar
11,343,013,942
Cohu
Graham,
80,000,000 Pacific
1
day Treas. bills
Ctfs. of indebt....
100
6,466,985,735
Co.,
Inc.;
Burr,
Reinholdt
Mercantile
Life
notes
&
Corp.;
Schoellkopf, Hutton & Pomeroy, Inc.; Schwabacher
Co.; I. M. Simon & Co.; Stix & Co.; Walter Stokes
Co.;
Spencer Trask &
Co.;
Wertheim & Co.
and
1,204,847,000
Antic'n
Co.;
Coffin
10214 and int. Offered
C. Allyn and Co., Inc.;
Bankers Bond
Co.;
Inc.; Central Republic Co.,
The
Co.;
&
1,302,998,000
1,302,234,000
1,315,666,000
Inc.;
Inc.;
Co.,
1,302,998,000
Total
99.905
&
Co.,
Blair &
&
E. M. Newton & Co.; Otis & Co.; Paine, Webber,
& Curtis; H. M.
Payson & Co.; F. L. Putnam
Co.;
1,204,847,000
l
1st mtge. bonds 314% series, due
&
1,302,234,000
25
.
Jackson
day Treas. bills
Feb
*0.373
99.905
Adams
Woodard-Elwood
■
Refunding
Yield
99,906
par
Meeds, Merrill Lynch, Pierce, Fenner & Beane; Metro¬
politan St. Louis Co.; The Milwaukee Co.; Newhard, Cook
day Treas. bills
91 day Treas. bills
Feb
1,204,847,000
1,302,998,000
1,302,234,000
1,315,666,000
1,074,179,535
Co. at
Parsons &
Co.;
Hallgarten
Co.; Hayden, Stone & Co.; Hirsch & Co.; Hornblower
Weeks; Edward D. Jones and Co.; Laird, Bissell &
to
Total for
Amount
Accepted
Steams &
1965.
Purpose, refunding.
Price,
by Halsey, Stuart & Co., Inc.; A.
&
75, and yield 2.90%; series F have a 12-year matur¬
discount basis, at 74, and yield 2.53 %; and series G
UTILITIES
19,000,000 Laclede Gas Light Co.
(Inc.);
29,645,722,775
bank discount basis,
of which
Mar
Feb 1-28 Feb
23
2,464,903,000
2,157,434,000
2,197,862,000
2,195,034,000
1,074,179,535
9,351,000
257,710,200
2,056,718,000
2,027,564,000
1,891,825,000
1,887,678,000
4,646,075,000
394,552,000
847,990,142
Feb
Feb
b
I
Moseley
January...——6,466,985,735
Jan 26
for
a
2
1945
$
Total
Total for
Jan
usual tabulation.
Amount
22
7/s
%
Securities
Jan.
our
Date
Total for
PUBLIC
Jan
leaving
654,136,098 additional working capital.
2
_
Jan
$10,181,587,000,
Bear,
*$100,000,000 Commonwealth Edison Co. 3% bonds, due April 1, 1985.
Purpose, refund 314 % bonds. Exchanged for 314 % bonds
held by 14 insurance companies.
'/a'
Jan
$11,835,723,098,
to
$13,926,200
*0.375
889,075,198
a
10,421,000 100
233,055,900 100
Type of
By £11 of its operations the Treasury in March raised
Offered
March—.—.
Dated
now
99.905
tabulation next
month.
We
for
discount basis
Treasury Department announced the
by RFC
privately.
*0.375
Bioren
which appear in our tabulation below.
bonds and Tax Anticipation Notes.
Yield
99.905
2,108,139,000 100
492,396,200 100
1,546,139,800 100
1,546,139,800
Series
Price
1,302,532,000
1,313,993,000
2,108,139,000
492,396,200
of
Awarded
placed
$
2.075,162,000
2,022,045,000
edness
to
Amount
Amount
Date
Treasury Financing in March
due Jan. X, 2014. Purpose, issued to RFC
reorganization of system
in settlement of
11,835,723,098 10,181,587,000
1,654,136,098
Total for three months— 29,645,722,775
25,570,549,000
4,075,173,775
The
First Trust Co. of Lincoln,
Nebraska; Folger, Nolan
Glore, Forgan & Co.; Goldman, Sachs &
Co.;
Graham, Parsons & Co.; Gregory & Son, Inc.; Hallgarten
&
Co.;
Hannahs, Ballin & Lee;
Harriman
Ripley
is
Co., Inc.;
Harris. Hall & Co., Inc.;
Hawley, Shepard
&
Co.;
Hayden,
Miller
&
Co.;
Hayden,
Stone
&
Co.;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
[Volume 161
Heller, Bruce & Co.; Hemphill, Noyes & Co.; Henry Herr& Co.; Hill, Richards & Co.; J. J. B. Hilliard &
man
STOCKS
& Co.; The
Illinois
Lane, Space
&
Co., Inc.; Johnston, Lemon & Co.; Robert C. Jones
& Co.; Kalman & Co., Inc.; Kebbon, McCormick ,& Co.;
A. M. Kidder & Co.; Kidder, Peabody & Co;; KirkpatrickPettis Co.; Prank Knowlton & Co.; Kuhn, Loeb & Co.;
Laird, Bissell & Meeds; W. C. Langley & Co.; Lazard
Preres & Co.;
Lee Higginson Corp.; Lehman Brothers;
Carl M. Loeb, Rhoades & Co.; Laurence M. Marks & Co.;
A. E. Masten & Co.; McDonald & Co.; Mellon Securities
Corp.; Merrill Lynch, Pierce, Fenner & Beane; Merrill,
Turben & Co.;
The Milwaukee Co.; Minsch, Moneil &
Co.; Moore, Leonard & Lynch; Morgan Stanley & Co.;
F. S. Moseley & Co.; Maynard H. Murch & Co.; W. H.
Newbold's Son
&
Co.;
Newhard,
Cook & Co.; E. M.
Newton & Co.; The Ohio Company; Pacific Company of
Calif.;
Paciiic
Northwest Co.;
Paine, Webber, Jackson
& Curtis; Perrin, West & Winslow, Inc.; Phelps, Fenn &
Co.; Piper, Jaffray & Hop wood; R. W. Pressprich & Co.;
Putnam
&
Co.;
Reynolds
&
Co.;
Riter & Co.; The
Robison-Humphrey Co.; Schmidt, Poole & Co.; Schwabacher & Co.; Chas. W. Scranton & Co.; Shields & Co.;
Shuman, Agnew & Co.; Singer, Deane & Scribner; Smith,
Barney & Co.; Smith, Moore & Co.; William R. Staats
Co.; Starkweather & Co.; Stein Bros, & Boyce; Stifel,
Nicolaus & Co., Inc.; Stix & Co.; Stone & Webster and
Blodget, Inc.; Stroud & Co., Inc.; Sutro & Co.; Swiss
American Corp.;
Townsend, Dabney & Tyson; Spencer
Trask & Co.;
Tucker, Anthony & Co.; Union Securities
Corp.; Vietor, Common, Dann & Co.; Wagenseller &
Durst, Inc.; G. H. Walker & Co.; Walston, Hoffman &
Goodwin; Watling, Lerchen & Co.; Walston, Hoffman &
•
t
& Weeks; W. E. Hutton
Company; Janney & Co.; Johnson,
Weeden
&
Witter
Dean
Elwood
Wertheim
Co.;
Weeks
Whiting,
Co.
&
Yarnall
and
.
f
;
.
cumulative
-
&
E.
Allen
Co.
&
and
Shea
&
6,250
$1.00).
$100
Scott Radio Laboratories, Inc. 148,150 shares of
stock (par $1).
Purpose, working capital. Price,
share. Offered by Brailsford & Co.; Shillinglaw, Crowder & Co., Inc.; Link, Gorman & Co.. Inc.;
Baker, Simons & Co.; Straus & Blosser; Sills, Minton &
Co., Inc.; p. H. Wibbing & Co.; Kalman & Co., Inc.;
Allman, Moreland & Co.; Boettcher & Co.; Fusz-Schmelzle
& Co.; Herrick, Waddell Co., Inc.; Hill, Richards &
Co.;
Frank
Knowlton
&
Co.;
Lester & Co.;
Mason Bros.;
Alfred O'Gara & Co.;
Reinholdt & Gardner and Irving
(E.
$3,125
acquisi-
Offered
Chisholm & Co.,
&
Arnold,
J.
H.
Inc.;
Hilsman
by
stock
mon
Gas
Co.
J.
Milhous,
Co., Inc.
Augustine
(par
bonds,
Gas
Co.
30,000
shares
of
com¬
$10).
Purpose,
(refund St. Augustine
$108,150), new construction, etc. ($341,-
850).
Price, $15 per share. Offered by Clement A. Evans
Co., Inc.; Johnson, Lane, Space & Co., Inc.; Courts
Co.; The Robinson-Humphrey Co.; Varnedoe, Chisholm
Co., Inc.; Putnam & Co.; Kirchofer & Arnold, Inc.;
&
&
&
Milhous, Martin
&
Co., Inc.
.
&
McKnight,
Inc.
and
J.
H.
MISCELLANEOUS
Hilsman
$104
per
share and div.
Offered in exchange for 6%
preferred stock and 6% cumulative preferred
stock, 2nd series. Underwritten by Glore, Forgan & Co.;
Lee Higginson Corp.; Shields & Co.; Blyth & Co., Inc.;
The First Boston Corp.; Goldman, Sachs & Co.; Harriman
Ripley & Co., Inc.; Lehman Brothers; Smith, Barney
& Co.; Bacon, Whipple & Co.; A. G. Becker & Co.,
Inc.;
Central
Republic
Co.,
Inc.;
Kidder,
Peabody & Co.;
cumulative
AND
MANUFACTURING
lative convertible preferred stock
;7
$17.50). Purpose,
working capital.
Price, $20.75 per share.
Offered by
Reynolds & Co.; Gillen & Co.; The Ohio Company; J. C.
1
1
&
(par
,
1
Chicago; W. D.
Gradison
&
Co.;
Kirchofer & Arnold,
Inc.;
Peltason,
Tenenbaum Co.;
Irving J. Rice & Co.; Stein Bros. &
Boyce, Straus & Blosser; Bateman, Eichler & Co.; Herrick, Waddell & Co., Inc.; Henry C. Robinson & Co., Inc.
;
;
INDUSTRIAL
$700,000 Acme Aluminum Alloys, Inc. 40,000 shares of $1.10 cumu-
Bradford
Co.;
First
Securities
Co.
Stone
&
Webster
and
Blodget, Inc.; Union Securities
Corp.; A. C. Allyn and Co., Inc.; William Blair & Co.;
Clark, Dodge & Co.; Eastman, Dillon & Co.; Harris, Hall
& Co., Inc.; The Illinois Co.; Kebbon, McCormick &
Co.;
Merrill Lynch,
Pierce, Fenner & Beane; F. S. Moseley
& Co.; Paine, Webber, Jackson & Curtis; Wisconsin.
Co.;
Ames, Emerlch & Co., Inc.; Paul H. Davis & Co.; Farwell, Chapman & Co.; First of Michigan Corp.; Loewi
of
-
.
Co.
Aluminum
Inc. 40,000 shares of common
stock
(par
$1).
Purpose,
working capital.
Price,
$8
per
share.
Offered by same bankers who offered the
preferred stock.
V
320,000 Acme
$214,640,000
STEEL,
IRON,
$100,000 National
Roll
Price,
100.
*5,000,000 Rustless
Iron
Steel
&
Feb.
dUe
tures,
COAL,
COPPER, ETC.
Foundry
&
Co.
Corp.
1960.
1,
sinking
3(4%
Manufacturing Corp. 150,000 shares of 60 cents
convertible preferred stock
(par $10).
Pur¬
working capital. Price, $11,375 per share. Offered
by Reynolds & Co.; Burr & Co., Inc.; First Securities
Co.
of
Chicago; Herrick, Waddell & Co., Inc.; R. H.
Johnson & Co.; Stein Bros. & Boyce; Henry F. Swift &
Co.; J. C. Bradford & Co.; Richard W. Clarke & Co.;
Gillen & Co.; Johnson, Lane, Space and Co., Inc.; A. M.
Kidder & Co.;
Mackubin, Legg & Co.; Merrill, Turben
Placed
7-v '
int.
and
'
&
William
Inc.;
Co.,
Brown
&
Republic Co.,
&
Co.; Dick
The
Corp.;
Co.;
&
Blyth
&
Inc.;
Co.,
Central
Inc.;
^
:v
Curtiss, House
Co.; Eastman,
Co.;
First
Cleveland
Glover
Corp.;
Parsons
Co.,
Miller
&
Co.;
Co.;
J.
E.
Price,
4,
Co.;
The
Illinois
.
Kebbon,
McCormick &
Co.; Kidder, Peabody & Co.; Ladenburg,
Thalmann & Co.; Lazard Freres & Co.; Mackubin, Legg
& Co.; Laurence M. Marks & Co.; A. E. Masten & Co.;
Company;
McDonald
& Co.; Mellon Securities Corp.; Merrill Lynch,
Fenner & Beane; Merrill, Turben & Co.; Moore,
Leonard
&
Lynch; F. S. Moseley & Co.; Maynard H.
Murch
&
Co.;
Pacific
Northwest
Co.;
Paine,
Webber,
Pierce,
Jackson
&
Curtis;
Schwabacher
Scribner;
Riter
& Co.; L. F.
Shields & Co.;
Co.;
Barney & Co.;
&
Co.; Stone &
Brothers
Stern
Inc.;
&
Smith,
Rothschild
Singer,
Stein
Bros.
Webster
&
Co.;
Deane
&
and
ferred
Witter
&
Co.
Corp. 30,000
convertible
5%'
stock,
by
&
INDUSTRIAL
AND
shares
of
2,000,000 Continental-Diamond
MANUFACTURING
■*;:
debentures/due
of
plants
Hayden,
Weeks
and
&
I,
int.
1962.
&
Allyn
Co.,
Chapman &
*500,000 Interstate
1,
1955.
Aid
1960.
1,
convertible
Purpose,
4%
rehabilitation
Co.;
Bakeries
1,
Offered
15-year
Price, 100 and int. Offered by
Graham, Parsons & Co.; Whiting,
Auchincloss, Parker & Redpath and
&
Stubbs;
du Pont
2,500,000 Interstate
March
March
Co.
property.
Stone
Francis
Fibre
Co.
.^77:'>;v'
1st mtge. 4(4%
bonds,
due
refunding.
Price,
103
and
Byllesby & Co.
(Inc.); A.
C.
Central Republic Co. (Inc.); Farwell,
Co.
'
Inc.;
and
Stern
Corp.
Purpose, working
for
Brothers
■
System
Gypsum
Co.,
Mutual
of
Appleton,
of
Milwaukee,
Wis.
and
through
W.
Co.;
Trust
Insurance
Co.,
Central
National
Bank
Co.
$19,000,000
A.
Hanna
stock
ing
*$10,000,000 Panhandle Eastern Pipe Line Co. 1st mtge. bonds, series
D,
due May
1,
1965.
Purpose, expansion of facilities.
Placed privately with five insurance
companies.
3,000,000 Warren Petroleum Co. 10-year 314% Sinking fund deben¬
tures, due March
1,
1955.
Purpose,
working capital,
discharge bank
loan.
Price,
102 (4
and
int.
Offered
($2,000,000) by Merrill Lynch, Pierce, Fenner & Beane
sold
direct
to
'
stockholders.
$13,000,000
*
1
LAND,
BUILDINGS,
ETC.
I
$100,000 Belmont
Community
Hospital Association, Chicago
1st
ref. mtge. <3-3(4-3(4%)
serial and sinking fund bonds,
due
1945-1955.
Purpose,
refunding.
Price,
101-101(4
according to maturity. Offered by B. C. Ziegler & Co.
MISCELLANEOUS
*$2,500,000 Schiff
Co.
314%
Placed
New
12-year
loan.
privately with Mutual Life Insurance
England Mutual Life Insurance Co.
expansion.
Co.
and
Co.
for
investment
purposes.
*
.
Co.
(no
par).
Wertheim & Co. and White, Weld & Co,
1,000,000 Heyden Chemical Corp. 10,000 shares of 4% cumulative
preferred stock series B (par $100).
Purpose, working
capital.
Price,
$103 per share and
div.
Offered by
A.
G.
Becker
&
Co.,
Inc.; Lehman Brothers; Merrill
Lynch, Pierce, Fenner & Beane; Hornblower & Weeks
and Ladenburg, Thalmann Corp.
Manufacturing Co. 100,000 shares of common stock
$1).
Purpose, acquisition, working capital.
Sold
private'v for a net amount of $2.4*0.000 to Ad^m* Ex¬
press Co.; American International Corp; Lehman Corp.;
(par
Insurance
$4).
(par
Peabody
Walker
Price,
Co.
$22
Huff,
Co.;
&
75,000
shares
share.
per
Geyer
&
of
Offered
Hecht
and
Co.
&
Co.
Equipment
Corp.
20,000'
of
shares
stock
common
(par $2.50).
Price, $19 per share.
Offered by Central
Republic
Co.
(Inc.);
Kebbon, McCormick & Co.; Lee
Higginson Corp.; A. C. Allyn & Co., Inc.; Bacon, Whipple
& Co.; Paul H. Davis & Co.;
Dean Witter & Co.; Ball,
Burge & Kraus; Grubbs, Scott & Co. and Merrill, Turben
&
Co.
'
■;
'^
■
(
■
990,000 Burton-Dixie Corp. 60,000 shares of common stock (par
$12.50).
Price, $16.50 per share.
Offered by Paul H.
)
Davis & Co.; Bacon, Whipple & Co. and Ames, Emerich
& Co.
' ■
\
.7 7:7
V7' •■'■■■ 7
,
.
400,000 Canadian National Ry. guaranteed 5% bonds, due Oct. 1,
1969.
Priced to yield 1.93%
to first optional call date.
Offered by Smith, Barney & Co.
7
,
tl,027,500 Celotex
Price,
Corp.
60,000
of
shares
common
$17(4
per share.
Originated
Weeks.' '■
1,908,262
General
Foods
par).
Sachs
Price,
with
stock
(no par).
Hornblower &
Corp. 45,300 scares of common stock
$42(4 per share. Offered by Goldman,
Co.
&
•
■
t206,886 General Tire & Rubber Co. 6,594 shares of common stock
(par $5). Price, $31% per share. Originated with Kidder,
Peabody & Co. and Ball, Burge & Kraus.
1,437,500 Great
(no
Western Sugar Co. 50,000 shares of common stock
Price, $28% per share. Offered by Harriman
par).
Ripley & .Co.
600,000 Herff
Jones
Co.
ence
stock
City
Securities
*1,100,000 Hudson
Placed
ments
(par
60,000
$1).
shares of non-cumulative prefer¬
Price, $10 per share.
Offered by
Corp.
Hosiery
Co.
5%
cumulative preferred stock.
privately with several institutions under arrange¬
Goldman, Sachs & Co.
through
72,600 Iron Fireman Manufacturing Co. 3,300 shares of common
stock
(vtc.)
(no par).
Price, $22 per share.
Offered
by Blyth & Co., Inc.
'
.
Baking Co. 8,000 shares of capital
par). Price, $38(4 per share. Originated witl*
Paine, Webber, Jackson & Curtis.
1308,000 Kroger
capital
*2,450,000 Joy
Purpose,
H.
380,000 Aro
k
,
75,000 shares of $4 cumulative preferred
Purpose, refunding ($6,864,704), work¬
($1,160,296). Price, $107 per share and div.
Offered by Lehman Brothers; A. C. Allyn & Co., Inc.;
Bacon, Whipple & Co.; Bear, Stearns & Co.; A. G. Becker
& Co., Inc.; Alex. Brown & Sons;
Dick & Merle-Smith;
Dominick & Dominick; Graham, Parsons & Co.; Granbery,
Marache & Lord; Hallgarten & Co.;
Hemphill,
Noyes & Co.; Hornblower & Weeks; A. M. Kidder & Co.;
Ladenburg, Thalmann & Co.;
Laurence M.
Marks &
Co.;
Merrill
Lynch,
Pierce, Fenner & Beane; Paine,
Webber,
Jackson & Curtis; LF. Rothschild & Co.;
Schoellkopf, Hutton & Pomeroy, Inc.;
Schwabacher &
Co.; Shields & Co.; I. M. Simon & Co.; Smith, Barney
&
Co.;
Stroud
&
Co.,
Inc.;
Swiss
American Corp,;
8,025,000 Flintkote
OIL
($1,000,000)
;
2,123,032 Durez Plastics & Chemicals, Inc. 73,208 shares of common
stock
(par
$5).
Purpose,
developments
in
post-war
period. Price, $29 per share. Offered for subscription to
common
stockholders.
Unsubscribed
shares
taken
by
and
M.
and
Co.
NEW FINANCING
2,177 shares of $6 convertible prior pre¬
ferred stock (no par).
Price, $114 per share. Originated
with
Sterling, Grace & Co.
C.
Wisconsin
Automobile
G.
Co.; Hall¬
Forgan &
Co.
Union
Life
Glore,
Weeks; W. E. Hutton & Co.; Kidder,
Kuhn, Loeb & Co.; Ladenburg, Thalmann
Langley & Co.;
Lee Higginson Corp.;
Mellon
Securities Corp.; Morgan Stanley & Co.; F. S.
Moseley & Co.; Piper, Jaffray & Hopwood; Riter & Co.;
Schwabacher
&
Co.;
Smith, Barney & Co.;
Stone &
Webster
and
Blodget, Inc.; Swiss American Corp. and
&
15-year serial
(2(4-3%)
loan.
Purpose, refunding ($5,700,000), plant expansion ($4,300,CGO).
Placed
privately with Manufacturers & Traders
Trust
& Co.;
Peabody & Co.;
The
*10,000,000 National
Nolan
REPRESENTING
Kidder,
f248,178 Armour &
]
Hornblower &
Co.;
Co.
debentures, due March
capital. Placed privately with
ISSUES
0.90%
consolidated,
1945, due Jan. 2, 1946. Purpose, refunding.
by Charles R. Dunn, fiscal agent,
stock
by
pre¬
Purpose,
.V.'-'V-1
NOT
common
v
garten & Co.; Harriman Ripley & Co., Inc.; Harris, Hall
& Co., Inc.;
Hayden, Stone & Co.; Hemphill, Noyes &
4(4 %
Lutherans
Employees' Retirement
H. M. Byllesby & Co.
&
Folger,
Corp.;
M.
AGENCY
Banks
Aluminum
1,650,000 American
(no
Corp.
H.
Bakeries
Association
7;7;;77"7;::;vv:'
Credit
Alloys, Inc. 40,000 shares of common
(par $1). Price, $8 per share. Offered by Reynolds
& Co.; Gillen & Co.; The Ohio Company; J. C. Bradford
& Co.; First Securities Co. of Chicago; W. D. Gradison
& Co.;
Kirchofer & Arnold, Inc.; Peltason, Tenenbaum
Co.; Irving J. Rice & Co.; Stein Bros. & Boyce; 3traus
&
Blosser; Bateman, Eichler & Co.; Herrick, Waddell
& Co., Inc.; Henry C. Robinson & Co., Inc.
preference stocks. Any shares unsubscribed for purchased
by Tobacco & Allied Stocks, Inc.
,/
GOVERNMENT
stock
15,375,000 Continental Can Co., Inc. 150,000 shares of $3.75 cumu¬
lative preferred stock
(no par).
Purpose, general corpo¬
rate purposes.
Price, $102.50 per share and div. Offered
by Goldman, Sachs & Co.; Lehman Brothers; Arrowsmith,
Post &
Welch; Baker, Weeks & Harden; Blair & Co.,
Inc.; Blyth & Co., Inc.; Bosworth, Chanute, Loughridge
&
Co.;
Dillon,
Read & Co.;
Dominick & Dominick;
Drexel & Co.; The First Boston Corp.; First of Michigan
Purpose,
by
Co.
&
Pips*.
Juli&I"
Mullaney, Ross &
& Co.; Harold E.
York.
ISSUES
cumulative
(par. $50).
series
& Hedges 30,000 shares of common stock
(no
par).
Purpose, working capital.
Price, $25 per share.
Offered
for
subscription
to
holders
of common
and
*$4,000,000 Certain-teed Products Corp. 15-year 3 (4s.
Purpose, re¬
funding. Placed privately with Equitable Life Assurance
Society of the U. S.
&
Offered
par.
$320,000 Acme
Kidder,
750,000 Benson
OTHER
New
Grubbs, Scott & Co. and Merrill, Turben
Burge & Kraus;
$29,100,000
AND
Intermediate
dated April 2,
of manufacturing facilities and research for
post-war period.
Price, $52 per share. Offered by Cen¬
tral Republic Co., Inc.; Kebbon, McCormick & Co.; Lee
Higginson Corp.; A. C. Allyn & Co., Inc.; Bacon, Whipple
& Co.;
Paul H. Davis & Co.; Dean Witter & Co.; Ball,
Blodget,
LOAN
Price,
expansion
Stroud & Co., Inc.; Spencer Trask & Co.; Union
Corp.; G. H. Walker & Co.; White, Weld &
Whiting, Weeks & Stubbs; The Wisconsin Co. and
Dean
FARM
$25,475,000 Federal
Offered in exchange for $5 pre¬
Underwritten
shares.
Equipment
1,500,000 Aro
&
Boyce;
Securities
Co.;
share.
per
Peabody & Co.;
Hayden,
Miller & Co.; Blyth & Co., Inc.;
Goldman,
'Sachs
&
Co.;
Harttman Ripley & Co., Inc.; Lehman
Brothers;
Mellon Securities
Corp.;
Eastman,
Dillon &
Co.; F. S. Moseley & Co.; Stone & Webster and Blodget,
Inc.; Wertheim & Co.; McDonald & Co.; Collin, Norton
& Co.;
Hawley. Shepard & Co.; Merrill, Turben & Co.;
Baker, Watts & Co.; Curtiss, House & Co.; Fahey, Clark
&
Co.;
Field,
Richards
&
Co.;
Folger,
Nolan, Inc.;
Maynard H. Murch & Co.; Ball, Burge & Kraus; The
Ohio Co. and Lowry Sweeney, Inc.
B.
&
$107
ferred
Hayden, Stone & Co.;
Hemphill, Noyes
Hilliard & Son;. Hornblower & Weeks;
J.
Hutton
Kalman
Co., Inc.;
Co.;
& Gardner;
Sullivan
Wood & Co. and Kuhn, Loeb & Co.
7,490,000 Anchor Hocking Glass Corp. 70,000 shares of $4 cumu¬
lative preferred stock
(no par).
Purpose, retire $5 pre¬
ferred
stock
($3,787,960),'working capital ($3,702,040).
Mac-
&
Goldman,
Sachs * &
Co.;
Graham,
&
Co.;
Hallgarten
&
Co.; Harriman Ripley
Inc.;
Harris,
Hall
&
Co.,
Inc.;
Hayden,
Inc.;
Gregor,
W.
&
Byllesby & Co.,
Dodge
&
Co.;
Reinholdt
Ohio Company; H. O. Peet & Co.; Piper,
Jaffray & Hopwood;
lrying J- Rice
& Co.;
Scherck,
Richter Co.;'Van Alstyne, Noel & Co.; Du Bosque & Co.;
W.
D.
Gradison &
Co.; Grubbs,
Scott & Co.; Henry
Herrman
&
Co.;
Kirchofer &
Arnold, Inc.;
Mitchell,
Hutchins & Co.; Reinholdt & Gardner; Henry C. Robinson
& Co., Inc.; I. M. Simon & Co.; Woodard-Elwood & Co.
and Kuhn, Loeb & Co.
&
Co.;
&
Blair
H. M.
Clark,
& Merle-Smith;
Drexel &
Co.;
Equitable Securities Corp.; Estabrook &
Field,
Richards
&
Co.;
The
First
Boston
Dillon
&
Sons;
Inc.;
Milwaukee Co.; Maynard H. Murch & Co.;
& Hopwood; Whiting, Weeks & Stubbs;
The
co.;
Offered
by Kuhn, Loeb & Co.; Lee Higgin¬
son
Corp.; A. C. Allyn & Co., Inc.; Bacon, Whipple &
Co.; Baker, Watts & Co.; A. G. Becker & Co., Inc.; Blair
Alex.
Co.;
Jaffray
pose,
24,000,000 Wheeling Steel Corp. 1st mtge. sinking fund 3(4% bonds,
series C, due March 1, 1970.
Purpose, refunding. Price,
103
&
Collins
cumulative
deben¬
fund
refunding.
Purpose,
privately.
Alloys,
1,500,000 Aireon
sinking fund
capital.
5%
15-year
due Oct. 1, 1959.
Purpose, working
Offered by Warren W. York & Co.
debentures,
Co.
&
$15,000,000 Marshall Field & Co. 150,000 shares of 4)4% cumulative
preferred shares (par $100).
Purpose, refunding;
Price,
$5,075,000
i
Rice
$45,469,001
.
OTHER
per
775,000 Sprague Electric Co.
50,000 shares
of common
stock
(par $2.50).
Purpose, refunding. Price, $15.50 per share.
Offered by F, S. Moseley & Co.; Paine, Webber, Jackson
& Curtis; Paul H. Davis & Co.; Kidder, Peabody &
Co.;
R. W. Pressprich & Co.; Reynolds & Co. and
Mackubin,
Legg & Co.
Inc.; Putnam & Co.; Kirchofer
Martin & McKnight, Inc. and
&
450,000 Savannah-St.
H.)
common
5%
of
shares
Purpose,
share.
per
Cooker Co, 150,000 shares of common
Purpose, working, capital.
Price, $15
Offered for subscriptioni to stockholders. Not
underwritten,
.;
462,969
Co.
&
Service Co. 1st mtge. 3(4% bonds,
refunding.
Placed privately through
Water
Purpose,
Co.
.
A.
Evans
&
Co., Inc.; Johnson, Lane, Space
Inc.; Courts & Co.; The Robinson-Humphrey Co.;
Co.,
Varnedoe
White, Weld & Co.;
Wisconsin Company;
Wood & Co.; Woodard-
with Mutual Life Insurance Co.
Virginia
1975.
due
Gas
stock (par
Price,
and
$2).
(par
share.
per
Clement
*840,000 Southern Utah Power Co. 1st mtge. 4% 25-year sinking
fund bonds, due May 1, 1970.
Purpose, refunding ($603,500),
construction ($236,500).
Price, 101.
Placed pri¬
vately
Augustine
preferred
tion of properties.
Trust
.
stock
•
,
Investors
2,250,000 National Pressure
shares of 4%
cumulative
Purpose, refunding.
Price,
101.25 per share and div.
Offered by Kidder, Peabody
&
Co.; White, Weld & Co.; Harris, Hall & Co., Inc.;
Hornblower
&
Weeks;
F.
S.
Moseley
&
Co.; L.
F.
Rothschild & Co.;
Spencer Trask & Co.; Alex. Brown
& Sons;
Hallgarten & Co.; Laurence M. Marks & Co.;
Stroud
&
Company;
Bacon,
Whipple & Co.;
Johnson,
Lane, Space and Co., Inc.; Cohu & Torrey; Courts & Cot;
R.
S.
Dickson
&
Co., Inc. apd Clement A. Evans &
Co., Inc.
1
625,000 Savannah-St.
Massachusetts
748>000 Mengel Co. 14,960 shares of 5% cumulative convertible
1st preferred stock (par $50). Purpose, general corporate
purposes.;
Price, $55.50 per share and div.
Offered by
F. S. Moseley & Co.
40,000
$100).
Power Corp.
stock (par
preferred
Corp.;
General American Investors Corp.
par
PUBLIC UTILITIES
V"
.
*1,300,000 Savannah-St. Augustine Gas Co. 1st mtge. 3(4% bonds,
series A, due
1975.
Purpose, acquisition of properties.
Placed privately with Connecticut Mutual Life Insurance
Co.
and
Wilmington Savings Fund Society.
*6,500,000 West
stated
a
The
& Stubbs;
Co.; Harold
&
of
$4^000,000 Florida
Co.;
&
Pennroad
I
value are taken at par, while
preferred stocks of no par value and all classes of common stock
are
computed at their offering prices).
stocks
(Preferred
Hornblower
Son;
1697
stock
Grocery
&
(no
10,826,480 Laclede Gas Light Co. 2,165,296 shares of common stock
(par
$4).
Price, $5
per
share.
Offered by Lehman
Brothers; Goldman, Sachs & Co.; The First Boston Corp.;
J. S. Bache & Co.; Baker, Weeks & Harden; Ball, Burge,
&
Kraus;
J. C. Bradford & Co.;
Burr & Company;
Richard W. Clarke, & Co.; Julien Collins & Co.; Courts
& Co.; Eastman, Dillon & Co.; A. G. Edwards & Sons;
Farwell, Chapman & Co.; Hamlin & Lunt;
Harriman
•
Ripley & Co., Inc.; Kidder, Peabody & Co.; Lee Higgin¬
son
Corp.; W. L. Lyons & Co.; Laurence M. Marks &
,
Co.;
Maxwell,
& Co.;
Marshall
&
Co.;
Mullaney, Ross & Co.;
(Continued
on
page
In
the
comprehensive
next
two
pages we
E.
year
R.
C.
Miller
tables on the
the March
compare
with those
corresponding periods in the four
preceding,
comparison.
years
&
1700
and the three months* figures
for the
W.
Piper, Jaffray & Hopwood;
thus affording
a
five
Total
4,0 ,0 20,56.0 179,64851
139,6520 61705.2 1,95,0
$
4,0 ,0 1 . 250 92, 73.041
Refundi g 83,602 31,60745
$
—1941
5,971.80 29746,570 1,95,0
Capit l
New
Total
$
.
10,7950
15,03960 2,53,20
Capit l 61,502 15,03960 2,53,20
$
New
67,32 0 12,0 0 6,50,0 7,317,457 2,50, 0
$
Refundi g 31,94728 6,50,0
$
-1943
201,95 406,1358
816,53,2487760 12823,~7,4895690
Total
30,1750 48, 934
Refundi g 32, 5780 6,0 ,0 973 50
79,085120 8,60, 0 21,804 16
~
2,0 0 18,0 0
NCaepiwtl $ 5,60 15,802
11099,,78436326
Total
38,4728 54,830 16,9450 10,91728
14,780. 25, 0 2,50, 0
$
275,2 8
Capitl
103,54713 16,453 0 30,5 0 12,53140 152,9635
Capitl 28,053.0 12,59 87 4,809,75
45, 742 12,589421 58,045163
Capitl 9,460, 0 3,50,0
357,8102 25,47 0 173,98 9 57,26910
Total
$
-194
$
New
Total
$
■
-1945
CORPATE,
-
Refundig 265,302 297652, 4 8 3,150
295,76014 25,47 0 149,820 471,23014
27,036 0 26,310 36 8,697,851
62,04 187 24,0189 86,04 86
$
Capitl
SOUMFARY
29,620 57963,0 9,581,01
New
$
AGONRNEUPFDWI
8,2 ,10
1538093,,926770102
Pref red Com on Long-term Pref red Com on Long-term Pref red Com on
Other
Can dian Other
Farm
3,0• 67.245 30,
3,120. 0 39,6097
1,6950
v
30,6257
2,53,20 17,54920 5,6 0. 0 56,30810
6,817,50
—
8,2 ,10
61,502
69,5730
12,0 0
12,0 0
6,817,50
2,53 , 20 17,54920 5,6 0, 0 24,07230
26,1 60 10670 17 35,80 86,34 70
"
34,81750 18.0 ,0 973,50 2^53~,20 18,294 0
--
973,50
13,4862
12,0 0
37,6257
28.17,50 18,0 0 2,53,20
muz.
13,8745 14,780 25, 0 2,50, 0 50,9862 2,518,795
6,50 , 0
31,94728
39.20,30
493,0
6,50 , 0 10, 0 21,790
468»795 —ZI
493,0
6,7 5,2 8
7-,31745 4,780, 0 4,071,0 2,50, 0 43,2 43 27518,795
12,0 0
201,9 5
15,28765
79,08512
95,30457
38,47.28
56,94329
Total
35,460 56,0 0 3,50,0
S
60 ,0 0 450, 0
2,957,0 84,9570
19,20
28,053 0
6,120, 0
13,926.0 214,60 29,10 0 19,0 0 13,0 0 10 ,0 0 2,50,0 29,6 20
5,075,0
Refundi g 26,0 0 56,0 0
$
-194
S
,
60 .0 450, 0
New
•V.
$
10 ,0 0
Refundig 1,8520 21,7450 29,0 0 12,0 0
CHAR TE
Capitl 2,7410 1,895,0
S
10 ,0 0
New
13,0 0
14,03
$
-1945
560, 0
17,0 0 13,0 0
6,80 0 13,0 0
16,3045'
560, 0
2,957,0
9,460, 0 6,120, 0 3,50 , 0 1,32 742 450, 0
103.54713
45, 742
14,603~
15,0 0 65,4 01 13,926 0 219,750 29,10 0 64, 901 13,0 0 10 ,0 0
1,42764
17,50 357,8102
15,0 0 30,5 814 1,8520 216,85310 29,0 0 23,67 64
45,6901
96 ,850
265,30
2,50 , 0 27,036 0
35,460 712.0
f
18,57 13 26,0 0 69,0 .0 5,7,13
v150,,772143 17,402
4,108,150
*' 17,5;60 148,90.45
3.50 , 0 16,90 45 450, 0
35,98045
295,76014
34,0137
35,0817 2,741,0 2,861.850 10 ,0 40.81,37 13,0 0
*'■
2,50,0 62,04 187
fuobntadies — manufctrig hoeldtcin.g, manufctrig- hoeldticng., cceootpa.lr,,mnuf acesori.indmauansufntcrtrdigl—x.bueildtncgs, —«—, thtrroauelddstiincngg.,,, .ccoopae.l,r,manuft acesori.indaumasnnutfrcitdrilg. bueildtcn.gs, tthrraoueldsdtiincngg.,,, securit
&c.
Grand
Total
26,1 60
309,20
1,50 , 0 10, 0 2,876,0
31,60745
32, 580 6,0 ,0
MOFARCH Lboonagnn-tdedrsmShort-em stock. stock— bonanoddts Short-em stock stock foreign- boannontdedss.Short-em stock. stock-. corpate-. toal. fidingnculurooedste OFMARCH LNBoonotgae-nTsed-rms
Governmt-.forgeoivgernnLGooaagaenvncndti,s•Municpal—Stes,,Staes u:tiles secctotoepa.ll,,,Eqmuainpufmcterenst anodi indausntrdl —.bueildtncgs, —_ Ittnrrvaeusdtsminng,,Miscelanous SNBhoootaretn-Tnsde-dsm utiles. scectotoepa.llr,,,Eqmuainpufmen-t aacensordi indausntrdl :bueildtncgs,;; Inttvrreausdtsminng,,Miscelanous
MONTH
28,1 60 10, 0 2,982,0 17,450
°
Refundig 58,970 18,57 13 26,0 0
;
493,0 0
New
148,90.45 16,453 0 3075~,06 24,72561 210,4516
-
493,0 0
4,780, 0 4,071 0 2, 50, 0
$
56,94329 32,701672 89,64 901
2,05 ,0
24,750
Refundi'g 10, 0 21,790
$
-1943
'$•> 87.01,0. 3l7 0,7 4,809,75 26,0 0
Total
2,365,970
$
-1942
FYEIVARS Staes.
New
31,60745
28,0 0 18,0 0 973,50
5.6 0, 0 48,06 0
$
6.120, 107,26345 30, 0
.
15,408
Capitl 3,120, 0 37,05 0
New
1,695,0 62,70 25
3,963425 26,1 60
i
309,20
$
IUSCTFTMOFSYONRAEHHIPIRVNECADES
FIFTNMGLFAOFOAOUHAVRECERRIPNEGCMGDNT, bSftCOFGMiUrombtaeavhuoolpnndgrigrcnapmevtycelfdatsyedsys.l
Capitl
35,7 2 12,0 7,31745 2,50
$
15,70 139,6520
rw
9,4 0. 0 86,75 20
95,30457 54.830, 49,61 72
6,120, 0 73, 0 0 30, 0 1,50 , 0 10, 0 2,982,0
$
39,20 30 21,350 27,085328 87,609 28
$
$
Refundi g 3.0 ,0 35,9 0 30, 0 1.50,0 10, 0 2,876.0
-194
18,2940 197,35864
-1942 Refundi g 39,20 3 0
Total
Total
United
•These
MONTH
Railroads Public Iron,
Total
Motors Other Land, Rub er Ship ing
Oil
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Oil
Total
Stocks—
utiles. - ■„
Railroad—s Public Irsoten,l,Equipment Maotnords Other Land, Rub—e—r Ship ing Investmn Miscelanous
Oil
Total
Total-
— Ship—in.gInvestmn Miscelanous corpate
Utiles
Railroad_s Public Irsoten,l,Equipment Moatonrds Other
Total
Oil
Land, Rub er
Total
4,0 ,0
679,15380 34,10. 85,6 325 5,14,12
$
$
'
Capit l
Total
$
271, 650
18,2944,0512306
421,875
138,590 209,61576 70,1634
Total
$
2,92,80 3,5 0 326,0
5,0 ,0 9 0, 0 7,0 ,0
5,183,0 18,730
15,846105
2,380,327 38,974 12 51,250 56,902 40 5,0 ,0 34,81245 3,53,0 326,0
„
9576 5
19,30 0 16,5810 2,0 ,0 32,50 0 49,0 0 3,0 50 3,650, 0
$
15,03 0 425,16975 70, 0 3,498,0 41750 15 70,150 18,290 60,43 27
51,83 52 63,508 0 368,2 5 65,0 0 3,498,0 6,7592^670 6,82 0 17,9630 26,3 895
49,28 5 2,542,670
15,9670 15,9670 4,7 940 31,89645
6183180574,9,9223 51423771,399,882065540.
New
2,380,327 90,86437
21,50 34,10 54,063795 34,62315
♦
$
Capitl 51,250 52,180 5,0 0
r
74,06^308 6,340,2
36,90 0 679,15380 5,0 ,0 9 0, 0 7,0 ,0
y___
Refundig 58,0 0 317,98 0 58,0 0 3,498,0 4,150, 0 6,82 0 17,9630 21,053895
-194
19,7-60 164,3942 370,51479
13,7095 15,9670 34,7380 4,601 2
New
10,3" 370,160 63,0 0 3,4980 7,T4_2765 70,150 18,290
y
4,0 ,0 58j 0 . 0 143,52691
;
$
78,2650 308,16385
$
b
Refundi g 547,982 5 18,730 51,29 52 540, 0
-194
Total
34,19342
—957O O
25,0970 37,65940 15,0 0 2,53,20 421,875 80,26385 19,30 0 186,790 2,0 ,0 70,15940 64,0 0 3,0 50 2,53,20 4,071,875
t
Refundi g $ 139,85 40 3,402~84
-1942
81,670 73,68237 298,5701
V.'~
v
421,875
Capit l 13,29056 70,^6148 6,3402
New
Refundig 197s"0,86 6,49,140 12,65 0 1,20 50
143,2876 56,920:
Capitl s 19,30 0 42,0720 2,0 ,0 26,0 860 36,7450 1,80 0
208,7142 135,9739
""
-1943
90,83 0 12,0 0 6,50,0 7,31 457 2,50, 0
$
Total
$
113
13,29056
2,460 28,750 3,250, 0 3,250 17530765 2,05,0 17937560 93,08 0
12,0 0
12,0 0
13,4862
Refundi g 10, 0 2,1790 5,97,28 1,380 1,793,0 41,329 8
$
-1943—
468,795
13,8745 2,460 28,750 3,250, 0 58,9 62 1753075 2,518,795 1,793,0
12,47 28 17380", 0 1,793,0
6,50 , 0 10, 0 2,1790
6,50 , 0
"
47,829 8 90, 0 13,50 73,01 0
7.7
6,49 140 12,65 0 1,20 50
12,93624
-
18,90457 90, 0 jTio o 156,4210
Refundi g $ 41.329, 8 6,~50(h 0
3,40284
—9-5,5 5
21,8069 37,65940 15,0 0 2,53,20 421,875 7,423561 19,30 63,87 16 2,0 ,0 ,602 1,37450 1,80,0 2,53,20 4,071,875
95~6 o 3,"650765
New
*•
Total
3,402,84
$
-1942
iUSpltnacesd. 860147,923
4071618547,593,2,625003.198_QtPO?iUSrCuhbfMotGtlFOeprngvmoaahbeouvlndggicfcrarnpesmdfl.yesys. YFEM3STFCTIUNSOAIOHNVRRADHPICESRADE 138586742,6421709934,16,28350,'970978Btfo$f-$i"mi"camnoiwhurgflnucat"rigcesoeuancdnewoldlmm.s
MYFET3GFLAMFOANOIHUIVRVNADE1RCCNRDMSPGT,
—-
104
49,50372 12,0 0 7,317,457 2,50, 0
Capit l
New
*
Capit l 12,460 6,571,0 3,250, 0 27, 27 ~T5~o",6o 2,05,0
71,0 29
12,0 0
51,73 2
$
New
6,84,62
12,0 0
468,795
7,317,457 12,460 6,5710 3,250 46,12 43 "150,6 6 2,518795
'IT
9,053,0
Total 315,760 17,~395",80 26.0 ,0
468,20 16,453 0 20, .0
Refundi g 213,857.0 82,506928 26,0 0
32,63928 16,453 0 1*0.74 7,290, 0
$
.
,
$
-194
Total
i1!
■
Total
-1945
CFOORRPEIGANT,
OSUMFARY
Co
$
708,1250 108^35,40 19.640,294 25.0 0
Capit l
New
$
6,93.0 45^960,24 18,75 14
New
Total
729,3786 15,0 0
$
19,20 51,629 0 10,3890 ~0,540 0
8,057,0
560, 0
13,0 0 24,506928 45,0 0
239,8570
6,120, 0
27,1 972 10,3890
"7
126,48 0 45,10 23,80 3,90,0 67,329 0 50,8 90 45760,6 32,06 0
82,506928 26,0 0 216,80 40 ,0 0 26,10 928 45,0 0 8,057,0
560, 0
43,91872 19,50 7,02,0 3,50,0 41,2 972 50,8 90
24,03 0
y
861.0894 15,0 0
Refundi g 641, 950 62735,136 8 3,150 25,0 . 0
'7.- 40 ,0 0
Refundi g 26,0 .0 203,8 0 1,60,0
31,50 0 341,760
90 ,0
Capitl $ 19,50 3,50.0 14,0 0 40,50 23,4 0
12,70
145,8 72
$
New
45,10 204,7 0 3,90,0 15,70 0 40,5 0
S
-194
r8p
Capit l >')$ 10,930 34,8 72 9,0530
$
11,2,4036654,432r1889 AGONRNEUPFWDI
270,953
13,70.48
bStanyeds
-1945
10 .0
28,40.5 39.640, 29,10 0 56,0 0 13,0 .0
9,23,0 3,0 ,0
10,93
10,750 91,725694 1,75,0 25,0 0 127,9564 28,405 349,715.0 29,10 0 *148,325694 13.0 ,0 10 ,0 0 1, 75,0 9,23,0 ►28,0 0
73,1250
23,9827 63,258 6 25,74250 346,85 10 29,0 0 ►72,951864 ~To "6o 4,32,0 *23,9827
Refundi g 25,742.50 37,450 29,0 .0 42,0 0 "iocTo 4,32,5 6 ,1950
9,108,150
30,751.864
10 ,0
29,680 1.895.0 14,0. 0 13,0 .0 4.90,0 3.0 ,0 6,930
96 ,850
10 ,0
60.973,80 1,"75,0 i~601~728 64,71 408 29.68,0 2,861.850 ♦75,3 .80 13,0 0 irwioO 490,0 ♦4,601728
$
Capitl
New
CHAR TE
$
S
13,7048 indaustrl
ME3ANRD1CH boanndds stock. stock bonanontedsds. Presftockd stockforeign— bLoonnagon-ttedesrsm. stock. stock— corpate-.Governmt-.forgeinGoaagevnncitds.-U♦&Municpal—Stes,SPostaeien—s iffdnuignocbultaodroienseest ME3NARD1CH NBootaens-ds — utile.s-,; ecco•otpalr,,mnuf acesori—;inmdaaununsftcrtdrilg beuitlcd—ngs, htteorraludtcisn.g,, NBootaens-ds utileseccotoparl,,manuf acesori inmdaaunusnftcrtdrilg bueildtncgs, httroreaulddtscin.g,, — utiles eccbotpalr,,manuf acesori inamdaunnusftrdctrlig beuildt—.cngs, ,httroeraludtiscng., utileseccotpoarl,,manuft acesori minaandufuncsttdrrigl beuildtcngs, hetortlardtucins.g,, seccourrpitate "otidnutcnhloudesore
id
MONTHS Domestic Long-term Short-em Pref red Com on Long-term Short-em Com n Short-em Prefred Com on Candian Loan United toal ♦These
Grand
Total
Other
3
j
Other Farm
%
>
MONTHS Long-Term Railroads ste l, Equipment Maontodrs
3
Public Iron,
Other Land,
Short-Tem Railroads ste l, Equipment and
Ship ing Investmn Miscelanous
Public Iron, Motors Other Land,
Ship ing Investmn Miscelanous
Stocks-
ste l, Equipment and
Public Iron, Motors Other Land,
Ship ing Investmn Miscelanous
otal—■
T
ste l, Equipment and
Public Iron, Mot rs Other Land, Rub er
Investmn Miscelanous
Total
♦Revison
THE COMMERCIAL & FINANCIAL CHRONICLE
1700
(Continued from page 1697)
Prescott
&
21,173,447
Co.';
&
Louisville
stock
C.
Wm.
Foreign Exchange Rates
Co.; Stifel, Nicolaus
and Blodget, Inc.
&
Roney
and Stone & Webster
Co., Inc.
Pursuant to the requirements
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
:
;
;
Nashville RR. 369,973 shares of capital
Price, $57.50 per shares Offered by
&
$50),
(par
;' Morgan Stanley & Co.
434 975
New
(no
Blyth
I
Blyth
by
stock
inc.
stock
(no
Blyth
.
&
par).
'
'
;
Pulp & Timber Co. 2,500 shares
Price, $18Mi per share.^
Sound
46,250 Puget
'
by
Australia, pound
Brazil, cruzeiro—
A.
Lynch,
240 156
Laboratories, Inc. 76,850 shares of
common stock
(par $1).
Price, $3,125 per share. Offered
by Brailsford & Co.; Shillinglaw, Crowder & Co., Inc.;
Link, Gorman & Co., Inc.; Baker, Simons & Co.; Straus
&
Biosser; Sills, Minton & Co.. Inc.; O. H. Wiobing &
Co.;
Kalman
&
Co.,
Inc.;
Allman, Moreland & Co.;
Boettcher & Co.; Fusz-Schmelzle & Co.; Herrick, Waddell
Co., Inc.; Hill, Richards & Co.; Frank Knowlton & Co.;
Lester & Co.; Mason Bros.; Alfred O'Gara & Co.; Reinholdt & Gardner and Irving J. Rice & Co.
(E.
II.)
425,000 Solar Manufacturing Corp. 50,000 shares
A-;AA
'
.
1
v
'
<
I
McAHster,
Smith
ties Corp.
j
t271,Q00 Spencer
stock
shares of common
share. Originated with
Trubee, Collins & Co.
Sons,
&
par).
Price,
Fahnestock & Co. and
Moseley
&
Price,
Paine,
Co.;
t778,692 Twentieth
stock
(no
with
E.
Hutton
7852,^10 Union
(no
F.
7252,000 U.
F.
S.
1,251,250 Universal
per
Shields
Co.
&
Shields
Refining
&
&
Co.
Mining
Co.
4,000
$1),
Co.,
2,250,000 Warren
Co.,
Pictures
Inc,
Co.
150,000
Price, $15 per share.
Fenner
&
Beane;
shares
55,000
Price,
$22.75
and Graham,
Petroleum
(par $5),
Inc.
of
share.
per
shares
of
Origi¬
common
Offered
&
Parsons
of
shares
(par $50).
Price, $63 per share.
Paine, Webber, Jackson & Curtis,
(par
&
Pierce,
and
stock
with
Blyth
$28%
Co.
and
Co.
&
Smelting,
common
stock
&
shares of com¬
share. Originated
28,571
& Carbon Corp. 9,925 shares of capital
Price, $85% per share. Originated with
par).
Hutton
nated
Corp.
Price,
par).
Carbide
stock
E.
Film
Century-Fox
mon
by
Co.
common
stock
Offered by Merrill Lynch,
Blyth
Co., Inc.; Eastman,
Dillon
&
Co.;
Glore, Forgan
& Co.; Goldman,
Sachs
& Co.; Hemphill, Noyes & Co.; Lehman Brothers; Shields
& Company; Stein Bros. & Boyce; Pacific Co. of Calif,;
v
>
per
Electric
$2.50).
(par
t'
,?
8,000
Inc.
$33%
Co. 80,009 shares of
common
stock
$15.50 per share. Offered by F. S.
Webber, Jackson & Curtis; Paul
H.
Davis & Co.; Kidder, Peabody & Co.; R. W. Pressprich & Co.; Reynolds <fe Co. and Mackubin, Legg & Co.
1,250,000 Spraguc
■
:
Free
;
&
Value
.297733*
.251247*
.251247*
.251247*
.251247*
.251247*
A
,;„v.
3.228000
A';
and
;
Stix
7465,000 Western
stock
&
Cohu
♦Indicates
Torrey;
par).
Webber,
Telegraph
Edward D.
Co.
10,000
Jones
shares
Price, $46% per share.
Jackson & Curtis.
'
$52,313,953
&
Co.
&
Co.
Union
(no
Paine,
Co.;
-
of
class
A
Originated with
VV
.901875
.901875
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.909090
.909090
.909090
.909090
.909030
.899375
.899375
.900625
3.244203
3.244203
3.980000
3.980000
pound
Union of South Africa, pound-
New Zealand,
Uruguay, peso—
Controlled
and
3.980000
R. notes_
Other cash
646,242
+
—
1,539
.658300*
.658300*
.658300*
.658300*
.542533*
.542533*
.542533*
.542533*
the following principal changes for the
April 4: Decreases of $188,000,000 in loans,
$279,000,000 in holdings of United States Government
obligations of which $236,000,000 was in Treasury bills,
and $428,000,000 in United States Government deposits.
Commercial, industrial and agricultural loans de¬
clined $17,000,000
in New York .City and $44,000,000 at
reporting member banks. Loans to brokers and deal¬
ers for purchasing or
carrying United States Government
obligations declined $89,000,000, and other loans for the
same purpose declined
$57,000,000, both largely in New
York City.
;aH.A:'A'a V,
Holdings of Treasury bills declined $343,000,000 in the
Chicago District, and increased $149,000,000 in New York
City; the net decrease at all reporting member banks
was $236,000,000.
Holdings of Treasury notes declined
$53,000,000 in New York City and increased $40,000,000
all
in the Cleveland
American
American
6%
$29,000,000.
Demand deposits adjusted declined $327,000,000 in the
Chicago District and increased in most of the other dis¬
was
Deposits credited to domestic banks increased $42,000,000 in the Chicago District, $32,000,000 in New York
City, $23,000,000 in the Kansas City District, and $145,000,000 at all reporting member banks.
A summary of the assets and liabilities of
reporting
<
millions
Class
Assets—
+■/■+ v+,:
a'■ V'-Va
Apr. 5,
1945
reserves
18,507,250
Discounts and advances.
Industrial loans
57,349
::
v
10,992
;
;
industrial,
and
+
322,729
4JJ00
.
—
9,091
+102,730
501
+
+
—
or
and
Bills—_
12,740,580
Notes
+717,153
5,234,011
Certificates
—156,500
—
46,500
991,850
Bonds
1,124,392
—
3,760
7,834
+ 5,708,298
+
—
—
2,226,571
167,914
324,375
&
guar. sec.)._
dealers
for
+510,393
+7,442,580
20,417,362
+
613,624
.+ 7,702,111
116
92,347
1,771,499
—
—
2~555
—160,533
34,306
.
Other assets
48,787
Canadian
+
—
759
A
1,041
Loans to banks
142
+
151
+
-
—
$2
—
+
1~594
—
20
660
+
5
+
81
1,846
11,282
V +— 30
+
2,349
29
+
191
17
+ 4,394
7,421
;
—
22,401
+
336
—
—1,291
1
—
318
Other securities
3,071
+
19
+
169
Reserve with Federal Reserve Banks
9,611
+
68
+
1,163
Cash in vault
564
Balances with domestic banks
—
2,119
+
43
+
46
9
+
113
9,644
40,872,167
+443,039
—163
37,184
8,141
U. S. Government deposits
Interbank deposits:
8,838
Domestic banks
+ 4,312
12
deposit
and
U.
accounts
S.
Gov't
—
856
+ 145
926
+
+
,237
+
22
;
85
+
170
+
14,593.429
+
240,853
+
1,989,493
408,931
+
73,511
+
135,196
1,194,886
Member bank—reserve acct
U. 8.
Treasurer—gen. acct
Foreign
Other
~__I
+
19.501
t—
255,974
Total deposits
Deferred
availability items
Other liabs., Incl. accrd. dlvs
Total liabilities
357,858
16,555,104
1,426,531
10,535
40,360,222
47,293-.
Cook
$4
except
accounts,
+ 113.535
+
—
+
—
Paint
pfd.
Coon
447,400
54,419
+
—
672
+
+440,946
first
which
1,854,355
11,755
2,032
+6,505,367
and
Surplus (Section 7)
349
+
27,165
10,768
+
228,153
Other capital accounts
we
we
follow with
show the dividends
a
second
40,056
+
89,132
previously announced, but
Investment
News
Department" in the week when
The dividends announced this week
19,912
P. R. note liabilities combined
Commitments
trial loans
to
make
40,872,167
+
443,039
o] Company
Abraham & Strauss.
47.5%
—
.7%
—
indus¬
.
Name
12.9%
Acme
On
3,139
—
433
—
.Bit U
6,202
On
Aluminum
stock
are:
stock issued
Share
Inc.—
Alloys,
issued
87Vic
March
B.'t i
5-
1
4-16
5-10
A:.-6- 1A
5-
8
4-21
1
5-15
5-
1
He
5-1
shrs.
5-
4-16
5-
1
4-16
tlOo
5-
1
4-
36Vic
5-
1
,4-16
5-
1
4-20
5-25
A 5-10
$1
5- 5
5
4-23*
t3c
5-
1
4-14
Corp.
25c
5-28
5-10
(quar.)
i
(quar.)
68%c
Co.
20c
6-
1
5-18
$1
6-
1
5-18
5-
1
4-14
—___
com.
$1.75
5-
(quar.)—
25c
com
(quar.)
Investors,
4-17
$1.75
;: 4-17
$2
.A 4-23
75c
4-23
*
(quar.)—
pfd. quar.)—*
Mfg. 6%
Corp.
Investment
Co.
:fA
is-al
Trust
5-
5-
5-12
4-20
30c
9c
62V2C
25c
(quar.)
(monthly)
5
4-17
1
$1
-
(quar.)
Co., $2.50 class A
5-15
30c
(quar.)_
(Walter T.)
Dixie Cup
4-28
5-15
(quar.)
preferred (quar.I*
conv,
Manufacturing 8% deb.
prior pfd.
(quar.)—
Dickerson
4-14
Light Co., $6 pfd. (quar.)
Seal
Shoe
1
5-15
tl7c
t50c
43%c
$1.50
Ltd., class A (irreg.)—
Co., Ltd. (quar.)„*
conv.
Diamond
5-1
5-15
—
Varnish
&
preferred
A,. 4-
5-
1
7-2
4-30
2
'4-14
6-
9
4-17
5c
5-
1
4-25
$1.25
Esquire, Inc. ————-A—***—*:A"A-V: 25c
6-
1
5-15
4-23
4-16
4-30
4-17
6-30
4-18
Corp.
Empire District Telegraph, 5%
pfd. (quar.)—
V.q \i
$1
(quar.)——
Fire
Association of Philadelphia (stock div.)
subject to approval of stockholders at meet¬
ing April 18
Firemen's Insurance Co.
First
Mutual Trust
Franklin
Telegraph
General
(Newark, N. J.)
Fund
20%
20c
pfd.
7%
Georgia RR. & Banking Co.
Quarterly
(quar.)
*
•
-
Gordon & Belyea, Ltd., class A com. (quar.)_
Class B common (quar.)—_—A.
+—,—
Goshen
Great
&
Deckertown
Herbrand
&
A.)
preferred
Home
common
(Tom)
preferred (quar.)—
6% pfd. (accum.)__
Peanuts
preferred
(qnar.)
7%
S.)
2nd
5%
•
4-25
4-15
32c
5-
1
4-13
7^
5-
1
4-13
$1
: ,.1 it i- f >i
i
:ti">
11
4-16
4-10
3-31
Co.
preferred
—
3-31
5-
5
4-14
4-
9
5-21
4-25
5-
1
4-16
6-
1
5-15
6-
1
5-15
7- 2
6-15
5-
4-20
1
6-12
5-18
6-
1
5-11
7-
2
6-15
8-
1
7-13
5-14
4-23
5^c
25c
—
6-11
5-25
$1.62V2
7-
2
6-15
25c
(quar.)______
5-
1
4-21
1
4-21
25 c
5-15
5-
25c
5-15
5-
1
30c
4-16
4-
9
25c
5-
1
4-16
c
.___
5-
50c
:
(s-a
(quar.)—
('quar.)—
(quar.)
common
6-
1
1
5-
1
37%c
4-30
7-
6-15
15c
;
pref.
5-15
62Vi>c
2
,
4-18
5-
1
4-13
25c
—
(quar.)—
4-30
$1.75
com
\.t
4-23
Light Associates—
(nna'*.),
i
1
5-15
$1.75
———___—
Mines
prior
5-
4-16
50c
r,
(s-ai
Bakeries
ncn-cum.
4-28
$1.50
(quar.)
(accum. 1
Te'enhon*1.
5-15
l%c
(quar.)
Porcuoine
3-31
4-28
$1.50
.__
(quar.)——
Electric Co.
Electric
4-10
5-15
':AAAV\;'A;A:A;AA\v
common
preferred
Biscuit
preferred
I
4-30
1
5-
25c
—
pfd.
4-10
5-15
25c
i.
Mclntvre
4-20
40c
-
Glass———
6 V2.%
Ice &
MeadviUe
4-24
37VpC
fs-al
Extra
of Rec
1
SI
Libby McNeil & Libbv_
Link-Belt Co.,
Holiert
5-
75c
:
(quar.)—
Libby-Owens-Ford
Louisiana
4-24
25c
—
Royalty
Co.
preferred
Loose-Wiles
1
1
7!/2C
Corp
(quar.)
Kroger Grocery & Baking Co.,
>6% 1st preferred (quar.)
1
1
7-
5-
$1.50
—
(quar.)
Utilities
Ranch
(S.
4-
7-15
50c
(quar.)
(quar.)
(Joseph), 6%
Kresge
4-16
$1.75
$1.50
Co.,
House of Westmore, Inc.,
Huston
4-20
6V4C
—
(Geo.
1
4-30
40c
(quar.)
preferred (quar.)
Corp.
Extra
Hormel
5-
4-15
25c
68%c
12J/2C
(annual).,—.
RR.
4-14
t$'2
?40c
Lakes Dredge & Dock
Times, 5%%
4-23
5-1
$1.75
(accum.)—
(quar.)_*
4-16
4-2G
$1.25
$1.75
25c
A
5-15
20c
(s-a)
——_
—
(s-a)
Cable Corp.
General Shoe Corp.
Michigan
—
8th
;
4-16
(quar.)__
preferred
B.)
Dennison
16c
16th__
4-23
1
Iron
Drug Co., 7%
McGraw
When
Payable
preferred— '
Jan.
3
5-
Ltd.
Massachusetts Power &
Industrial and Miscellaneous Companies
+ 6,576,303
5-
5-
4-10
,
preferred
7%
$2
200
+
1,744
,
5-15
4-30
preferred (quar.)
Extra
Per
Total liabilities <Sfc cap. accts._
Ratio of total res. to deposit &
table in
declared.
167.495
Surplus (Section 13b)
grouped in two separate tables.
In the
bring together all the dividends announced the
Then
4-20
4-11
(quar.)
Jamestown Telephone Corp.—
6% 1st preferred (quar.t—__.
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
Capital Accounts—
Capital paid In
we
6
4-20
75c
Ltd.
Corp.,
(quar.).
(W.
7%
4%
are
current week.
4-
1
5- 1
5-
Pictures Corp.—
conv.
Johnson
14,360
5-15
4-16
t$1.50
ord.
Ltd.
5- 5
9
6-
1
$1.25
—
DIVIDENDS
Dividends
Fund,
68%c
Co
Fuel &
Corporate
14,877
+4,660,735
$1.50
(quar.)_
A__
International
22,368,052
75c
(quar.)
Copper Corp.—
Intertype Corp.
Deposits:..
$1.75
pfd.
conv.
Hutebins Investing Corp., $7 pfd. (accum.I__
Idaho Power Co., common (quar.):
LiabilitiesFederal Reserve notes_
25c
5-15
t4c
Breweries,
$2.75
+1,687
—428
938
■
durine week
+6,576,303
—
9,089
Foreign banksdemand
25c
:
25c
Pasco
Class
6%
Borrowings
to
$3
Corp., $6 preferred
Corp., 4%%
Belt
4-24
100%
shares
Hartford
Demand deposits-adjusted
Debits
(initial)
common
dividend)..—
Investors
Columbia
37
16
—I.
+
—236
Obligations guaranteed by U. S. Government
56,718
3-31
3-31
1
Chicago & Eastern Illinois RR.—
47
+A 1
79
1,291
Treasury bills
Treasury certificates of indebtedness
Treasury notes
+
2
+
4
57
—
345
+
17
—
684
Real estate loans
'21,615
I'
4-10
5-
Fidelity & Deposit Co. of Md.
A—A 89A"
749
-
U. S. bonds
4-10
20c
Co., common (quar.)
Investment
Special
Canadian
Chain
4-20
$3.50
15c
$1.75
Bourjois, Inc., $2.75 preferred (quar.)
Bullock's, Inc., 5% preferred (quar.)
Calgary Power, 6% preferred (quar.)
de
4-17
A'' 5- 1
25c
(quar.)—
Fisheries
Duro-Test
obligations
new
(stock
Electric
preferred
Carrier
I
7
50c
A
A—
(increased)—..
Dominguez Oil Fields
pur¬
Other securities
Interbank
Total assets
171
—
carrying:
Time deposits
Uncollected items
Bank premises
44
—
Liabilities—
20,090,833
F. R, notes of other banks
222
+
Class
4-20
55-
60c
(quar.)—..
Ridge Corp.,
$6
5,716
4-18
60c
-
10c
Co., Inc.,
Diocesan
Other loans for purchasing or carrying:
U. S. Government obligations
Total U. S. Govt, securities
Total loans and securities
Due from foreign banks
+
1
5-
2
30c
(quar.)
(quar.)—.
(quar.)
Co.
Detroit Gasket &
$
agricultural
Other securities™
33,566
267,365
—188
6,044
brokers
to
U. S. Government
358,395
—1,080,381
—448
.»
Loans and Investments—total
—1,405,210
O. S. Govt, securities:
Xincl.
Oil
Common
1944
.'A;,
$
4-18
37Vi>c
Goods
Co.
Corp.
Dallas Power &
Mar. 28,
t
5-1
Corp.
Birtman
Cerro
4-20
30c
America, 7% pfd. (accum.)
Eerland Shoe Stores, Inc., common
7% preferred (quar.)—*—-—
+
$7
1
(quar.)
com.
Bearings Co. of
Booth
5-19
4-
5-
50c
Barnsdall
Blue
9
5
B
Plywood
Aviation
Best
64-
20c
(quar.)
Paper
Stove
Company
Armstrong Rubber,
Atlas
$1
Traction,
Appleton
Crown
dollars)
&
preferred
American
American
Crown Cork &
,
of
Other loans
Total
Light
of Rec.
Payable
$1.75
7% pfd. (quar.)_—
Manufacturing Corp
Filter,
Central
American
Share
Inc.——
Air
Holders
When
Per
Name of Company
District; the net decrease at all report¬
ing member banks
or Decrease
—
3.980000
.658300*
shows
loans
1.448
253,743
Redemption fund—F.
3.980000
.542533*
week ended
1944
9,000
3.980000
.658300*
The condition statement of weekly reporting member
banks of the Federal Reserve System in 101 leading
Commercial,
1945
—-
.902500
3.244203
3.244203
Condition Statement of Member Banks
chasing
1945
17,607,265
.909090
.901250
3.244203
•Nominal rate.
(—) Since
Apr. 4,
Apr. 12,
Apr. 11,
hand
on
Treasury
.901250
3.244203
.542533"
■
Noncontrolled
Loans
certificates
.905000 "
.569800*
Official
thousands of dollars)
Assets—
.903750
.563800*
Free
Reserve Banks Combined
due from U. S.
.903750
.563800*
.205820
Loans—total
Gold
.909030
.903125
.569800*
V
.301215
Increase (+) or
Increase ( + )
.051802*
.909090
4.035000
(In
;
.051802*
.205820
1945
(In
.051802*
•9090°0
.301215
Apr. 4,
'
A .060602*
.051802*
.569800*
Decrease (—) Since
*■
.060602*
4.035000
placed privately.
special offerings.
Statement of Condition of the 12 Federal
3.223000
3.228000
—
issues
vindicates
$
—
India (British), rupee
member banks follows:
|
A
'vvv
.909090
Colorado
Northwest
$
:: .060602*
.060602*
.909090
"A"
Apr. 12
Apr. 11
•
'T[*-
3.228000
3.228C00
.060602*
.051802*
Coast
!
Money
.297733*
declined in all districts.
1
States
$
Turben
,
United
.297733*
tricts; the net decrease at all reporting member banks
was
$163,000,000.
United States Government deposits
Co.;| The Ohio Co.; Otis & Co.; Courts & Co.;
Cruttenden & Co.;
Granbery, Marache & Lord; Pacific
In
.297733*
Reinholdt & Gardner; Stern Brothers & Co.; G. H. Walker
& Co.; Hawley
Shepard & Co.; McDonald & Co.; Merrill,
&
1930
.297733*
.569800*
—
England, pound sterling
cities
Kellogg
(no
OF
Buying Rate for Cable Transfers in New York
Allied Mills,
share,
per
ACT
Apr. 10
.909090
Mexico, peso
Newfoundland, dollar—
Inc.
of common stock (par
Offered by Mellon Securi-
TARIFF
Apr. 9
.060602*
.051802*
—
Colombia, peso
of common stock
3,920 shares
Co.
$46%
Price,
Pate,
&
Oil
Penn
$25).
>
■A
Price, $8.50 per share.
$1),
182,280 South
V
Official
Offered by Van Alstyne,
Noel
& Co.;
Butcher & Sherrerd; First Securities Co.
of Chicago;
Newburger & Hano; Hill, Richards & Co.;
Courts & Co.; Johnston, Lemon & Co.; Straus & Biosser;
Taussig, Day & Co., Inc.; J. C. Bradford & Co.; E. W.
Clucas & Co.; Cohu & Torrey; Mead,Irvine & Co.; Berwyn
T. Moore & Co., Inc.; Doolittle, Schoellkopf & Co. and
(par
UNDER
Canada, dollar-
Radio
Scott
TREASURY
Apr. 7
3.228000
Official—
•
Inc. 4,500 shares of common stock (no
$63% per share.
Originated with Merrill
Pierce, Fenner & Beane.
AA-'A A'' A
Price,
par).
TO
INCLUSIVE
.297733*
;
-
Free
A
BANK
1945,
.251247*
Official-
Stores,
t284,062 Safeway
12,
-
Apr. 6
■$ A AAA:
Argentina, peso—
of common
Offered
Inc.
Co.,
RESERVE
APRIL
Noon
1,800 shares of 5% prior preference
Price, $100. Offered by Blyth & Co.,
A"'-'V'v;V,:'"'1.'
.
TO
Country and Monetary Unit
Ry.
$100).
(par
FEDERAL
1345
6,
Inc.
Co.,
&
Marquette
180,000 Pere
'
(par
BY
APRIL
Manufacturing Co. 13,000 shares of
$10). Price, $38% per share. Offered
Salt
stock
common
CERTIFIED
RATES
share.
Offered by
v.P-:AA AA'-'
per
Inc.
502,125 Pennsylvania
EXCHANGE
FOREIGN
12,700 shares of capital
Corp.
$34%
Price,
par).
Co.,
&
Omnibus
City
York
stock
Monday, April 16, 1945
5-
1
4-18
*1
*r:t.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4377
.Volume 161
Name of Company
Payable
Share
•
American
5- 1
Low-priced Bond Series——™-™—-™
10c
12c
4-26
4-26
4-23
4-23
Preferred
16c
4-26
4-23
——;—-
10c
4-26
________________——__™._
13c
4-26
4-23
4-23
15c
4-26
4-23
15c
4-26
4-23
—._——
Mid-Continent Petroleum Corp.
50c
50c
iy2c
(irregularis-
Morrell
(John) & Co. (quar.)
National Electric Welding Machine
/
——.
(extra)—
57c
Stock Series..
_____—
Income Series
Series
Series
Stock
Industrial
—_—
Low-priced Common Stock Series
Neon Products of Western Canada—
6%
Bedford
New
York
Rayon class
Brake Co.
Air
(quar.)__—
Moffat & Co
Class
B
AA
6- 1
5-15
5-16
4-16
4-16
4-15
7- 2
4- 9
4- 9
3-29
6-15
5-15
5-15
6-1
5-15
5- 1
6-9
4-30
4-30
5-1
4-20
4-16
6-1
8772c
37Vs>C
12J/2C
$3
...
(s-a)
Lighting
Pacific
Public Service Co.,
Corp.
—
(quar.)
75c
—
$1.30 pfd.
32Vic
(quar.)
20c
& Co—
'
The above payment is on new stock after
p
3
for
1
7V$.%
pfd.
6%
A
B
62Vic
15c
Cement
$5
pfd.
6%
Co.,
Gold
!—
i
2.
Valley Co.
Toledo
Oil
Tank
fz
Co.,' 5%
Edison
pfd.
67c
preferred
preferred
Avondale
4-25
Mills
Co.,
4-30
5-1
4-17
Biddeford & Saco Water Co.
5-10
4-20
Biltmore
6-28
5-23
Bloomingdale
Blue
Hats,
Ribbon
Boeing
4-12
Bon
Class
4-25
4-30
Boston
6- 9
5- 1
5-19
Boston Fund
4-21
Boston
4-16
4-
5
Brantford
*$3.25
5-15
5-
1
Brazilian Traction
SI
Edison
Personal
5- 1
4-20
Bridgeport
4-20
4*20
4-
6 %
Bronx
Trust
County
4-18
58V3C
6-
53c
7- 2
6-15
—r—
50c
5- 1
4-18
Byers (A. M.)
!__
50c
6-
1
5-15
Cable
50c
7-2
6-15
572%
$1.75
4-10
4-
Amer. dep.
preferred
Brothers,
472%
Watch, 77? preferred (quar,)___—
Wayne Knitting Mills common
6% preferred (s-a)
Westgate-Greenland Oil (monthly.)
Wheeling & Lake Erie Ry. Co.—
572% conv. preferred (quar.)
&
Co., 7% preferred (quar.)
(Holding) Ltd.—
(s-a)
1
4-20
Miscellaneous
6%
preferred
5-
1
4-20
6-
1
4-20
1
4-11
$1
10c
—
13 %C
3c
*30c
;
Industries, Ltd., class A (quar.)__
B (quar.)__
preferred
Canadian
(quar.)
Insurance Shares, Ltd
Marconi Co. (irregular),
Canadian
Oil
Allied
&
Stores Corp.,
Oil
All-Penn
Aluminum
&
Co.
Celotex Corp.,
5%
American
$3
Class
stock
or
conv.
payable
B
$2.75
A
l/8th
opt.
of
—
stock
or
4-13 :
4-20
4-10
5-
4-15
1
4-20
4-
6-
4-16
44-
4-13
1
2%C
4-16
4-
*$1.25
5-
1
12 7ZC
5-
1
4-
5
Chickasha
Mines, Ltd. (quar.)__
Dominion & Anglo Investment
Corp.,
5% ' preferred (quar.)_
cum.
,
4-30
4-16*-
13-31 '
15c'1
5-15
4-30
5-15
4-30
75c
5-15
4-19*
Semi-annual
Columbia
4-17
Dominion Fabrics
5-
1
4-16
5-3
5-
1
4-16
5-
I
4-17
5-
1
1
4-10
4-16
3-10*
75c
37Vic
5- 1
4-15*
4-20
3-31
5-15
4-30
Ltd.,
common
(quar.)
*20c
(quar.)
*75c
'■
*3772c
''
2nd
'
preference
7%
(quar.)
4-30
____
5-
1
4-10
4-16
3-28
*$1.75
4-16
3-28
1
Malting, common (quar.)__
Common, (quar.)
_»._j
Y
5% ' preferred (quar.j
_i__
Dominion
Oilcloth
&
Linoleum
IO
H
4-10
4-16
3-31
preferred
Dominion
Aircraft
Products,
cumulative
Inc.
Pictures
Corp.
Columbus & Southern
preferred
(resumed)
Chemical
preferred
(quar.)—
(quar.)
—
dividend)
Ltd., common (quar.)_
(quar.)
Commonwealth
Telephone,
4-
(quar.)
*$1.75
4-16
3-15
(quar.)
(quar.)____
*1272(5
1
4-14
Ltd., 7%
pfd.
Worsteds,
Ltd.
common
(quar.)_
preferred
(quar.)__
Co._
5-
5-25
5-
7
4-20
$1.25
5-
1"'
4-
$1.50
5-
1
4*6
4-19
4-' 5
Emerson
3-15
5-11
4-30
Employers Group Associates (quar.)
Engineers Public Service, $5 pfd. (quar.)
$5.50 preferred (quar.)
$6 preferred
(quar.)
:
$6 preferred
$1.25
4-20
4-10
5-
1
4-10
5%
5-
1
4-10
5%
4-16
3-31
5%
3-31
(quar.)_
Vacuum
Radio
!—
Cleaner
&
(quar.)
$5 pfd. (quar.)—
50c
Phonograph Corp. (quar.)
5-
1
4-21
5
4-
$1.50"
Railroad
5-
1
4-10
Exeter & Hampton Electric
1
4-14
Fair
4-14
7-14
6-
10-15
9- 6
$1.25
6- 1
5-15
$1.25
9- 1
8-15
12- 1
11-15
4-15
4- 6
Federal
5- 1
4-16
Federal Services
1
4-16
4-20
4-15
12-
4- 2
5- 1
1
11-2
5-15
4-19
1
1
12-
1
5-
1
4-15 ;
4-15
,Po 14
preferred
preferred
(quar.)
(quar.)_
$5
preferred
(quar.)—
8-17
11-16
"4-16*
5-
il: r
1'
$1.75
5-
1
$1.50
5-
1
6-30
4-20
4-20
-
>
12-20
4-20
:
Vl5
,
'9-15
9-29
$1.25
;
12-15
(Syracuse,
$2.50
of Canada
(s-a)_
7-
2
$2.50
(quar.)
Fire Insurance Co.
"4*' 5
"
4-16
$1.50
$1.25
Farmers & Traders Life Insurance
,
:tj5-17 '
$2.50
(quar.)____
10-
1
-6-16
„
9-15
*$1.50
8-15
8-11
50c
4-15
3-31
$1.50
4-15
3-31,
3772C
4-30
4-20
Finance Corp. (Wash., D. C.)
____—:——
6%
preferred (quar.)
„_™___1____
Department Stores, common
,474% convertible preferred (quar.)
Federated
4-19
1
9-
5%
Quarterly
4-30-
6-
$1.25
$5
15c
'5-14
$1.25
r
—
25c
Common
2
2
30c
67c preferred,
■___
7% preferred (accum.)
Fairbanks Co., 6% preferred (quar.)___—_
Fansteel Metallurgical Corp.—
5-18
5-
-6^14
77-
50c
(The),
Y.)
7- 2
$1.3772
$1.25
5- 1
'
5
4-16
$1.25
" 5-
N.
•
$1.25
(quar.)
preferred (quar.).^
preferred (quar.)_.
6- 1
6
4-
1
Co.—
Pipe Line Co
Eversharp, Inc., common
(qua'*,)
Common
(stock dividend)
$5
4-16
4-30-
1
$1.50
___
—
preferred
$1.75
7
;
15c
25c
Eureka
12c
Erie
; •3-15/
4-16
20c
3-29
1
2
(increased) ™i,__,_™
& Share, $5 preferred (quar.)
4-15
4-16
: 4.-
4-25,!' /4-10
6-12
4-30
5-
$1.25
^4-.2
,
7
5-15'
3-29
1
4-16
50c
3-31
6-
4-16
$1
2
25c
3-31
5-15
5-
s-a)™
(initial
4-16
f
!.'
75c
$1.1272
_______
$1.0674
4-30 r;.4-20
Feltman & Curme Shoe Stores—
$7
preferred
Fenton
(accum.)
United
7%
preferred
Cleaning
$4
&
Dyeing
4-15
4-
5-15
4-20
$1.25
5-15
4-20
434%
$1.25
5-15
4-20
Fireman's
2727«>
5- 9
4-24
cisco,
5- 1"
4-16
*5c
*10c
4-16
3-31
Fitchburg Gas & Electric Light™_
4-16
3-31
Fitzimmons Stores,
35c
5-1
4-6
7%
$1.25
6- 1
5-15
7% 1 preferred
Fibreboard
Sons
preferred
Fund
Calif.)
4-15
1
$1.50
5-
4-10
(quar.)
Insurance
Co.
(San
1
"4-16
4-16
4-25
4-16
4-16
/ 3-31
50c
(quar.)__
4-25
75c
Co., common
25c
$1.18%
Products, 6% preferred <quar.)_
(Marshall), see Marshall Field & Co.—
(Wm.)
1
$1.75
5c
Filene's
5-
Co.—
(quar.)__.
$1.63
series
(stock
Co.
3-30
5-1
4-30
Electric Bond
*10C
de Nemours & Co.—
$4.50 preferred
Electric
3-30
*30c
,
(quar.)___™_™_________.
(E. I.)
6-30
4-30
3-31
*
*$1.3772
Ltd.—
4-16
Ohio Electric Co.—
Edison
&
Co.,
preferred
Field
(quar.)
Commercial Alcohols,
Co.,
8
1
4-30
Co.,
$1.50
preference
*20c
(quar.)__
Woolens
5-
:*'t$i.25
_________
Chemical
Dominion Textile
$4
*20c
(quar.)_____
Extra
Dominion Tar &
572%
4-16
*$1.25
(quar.)_
preferred
t$1.25
*$1.25
*$1.75
25c
Commonwealth
$2.75
*$1.50
*15c
25c
6%
8%
A
opt.
div. series of
1936
l/4th of a share of Class B
$37V2C
*$1.25
'
Columbia Gas & Electric Corp.—
672%
75C
4-16
;
Co., Ltd., common (quar.)
Dominion
.
6-
1st redeemable preference
6%
4-10
5-
~
$1.25 ' 1
(quar.)
preferred A (quar.)
Cumulative preferred 5%
*$1.25
5-3
5-21
1272c
—1—:
Colgate-Paimolive-Peet
Ltd.—
1
$1.25
preferred lquar.)™__
6
3-29
n
5-15
$1.6272
1272c
(quar.)™
4-30
3-31
7^-pfd.>.(quar.)?_'J <' $1.75/" 4-16
pockshutt Plow Co., Ltd.25c
6- 1
Columbia
4-10
5%
*30c
1
Co.—
City Title Insurance Co. (N. Y.) (quar.)_
Cleveland
Cincinnati Chicago
& St.
Louis
5%
1
A
4-14
4-
5-11
Clinton Water Works Co.,
4-16
5-
class
1
1
4-16
25c
—_____—
4-14
55-
I $2
4-16
$1.25
New Orl. & Texas Pac. Ry. Co.—
preferred (quar.)—
1
2c
*43c
4-17
1
'
6-
$1.25
(quar.)
5-
$1.25
9
Dominion Dairies, Ltd., 5% preferred (quar.)
Dominion Engineering Works
25c
Oil
Cotton
8-10
6-1
37V2c
preferred (quar.)
6-
1
4-19
Corp.—
6%
1
9-
5-22
5-15
*37c
*20c
$5c
7-
",75c
1
5- 1
(quar.)____
(quar.)
3-31
1
23/4%
Chicago Yellow Cab Co., Inc. (quar.)
Ry.-Co.,
1
20c
$3
Electric
Power
Central Power & Light,
6%
6 i
4-14
York
preferred
&
Corp._____—______
Realty
preferred (quar.)__
:
City Stores Co., common (quar.)_,
.75c-
^
Gas
4-15
25c
(quar.)
common
Dome
25c
672%
3-29
•
4-19
Cup.
1272C
Associates (quar.)—
Investment
5%
Co. (quar.)_
6
8-
3-31
5-
*4<i
(quar.)
5
8-15
4-15
6-
$1.1272
(quar.)
5% preferred (quar.).
—
5% preferred (quar.)
Cincinnati Postal Terminal '&
2
5-
series of 1928,
share of class
cash
4-7
5-1
'
*$1
common
preferred
Hudson
5%
2
4-16
6-
—
div.
5
Cincinnati
9
Light Corp.—
A nd
$1.25
.
5-1
*25c
Quarterly
4-30
1
4-20
——
stock
Class
2
div. series of 1928
a share of Class B
cash
class A opt.
in cash or
(accum.)
4-
10c
(quar.)
Cities Power &
conv.
(accum.)
$3
Co.
1
6-15
—'
Extra
4- 1*
—____
7% preferred (quar.)___—_______________
Ltd.—
preferred
American Can
5-
of Rec.
25c
(quar.)
7
1:
Amalgamated Sugar, 5% preferred (quar.)__
Amerada petroleum Corp. (quar.}— ________
American Asphalt Roof Corp.
(quar.)_
American Barge Line Co. (quar.)______i._-_
5%
4-16
Holdert
40c
——_—
of Canada,
Payable
25c
$1.25
common
Gas_;
4-15
Ltd., common (quar,)_—
Cos.,
Carolina Clinchfield & Ohio Ry.
Central New
25c
;
—'
$5 preferred (quar.)—
Baldwin, Ltd
Power Co.,
Alexander
Dixie
■->
*17c
~
Central
When
25c
__
(quar.)—__
Canadian
(quar.)__
preferred
______
Investments
Extra
5-
Companies
common
——---.
4-
»
,
*75c
(quar.)_™,—
General
Canadian
50c
Share
(quar.)—
4-16
-
Corp.
5-
—.—™
■
1
4-16
18c
$$1.50 ;.r ,5- 1
Eastern
50c
Agnew-Surpass Shoe Stores, Ltd., common—
Now on a quarterly dividend basis.
•
3-31
Airlines
Per
Reduction Co.
4-16
Manufacturing
——
(quar.)
7
5-
$1.50
participating preferred (s-a)
Distillers Corp.-Seagrams, Ltd.—
5% preferred (quar.) (pay. in U. S. funds) r
Dividend Shares, Inc. (quar.)™__^________
Eastern
Converters
4-
5-15
1772C
67c
Duquesne Light Co., 57c
preferred
3-30
Diamond Match Co.—
4-19
Dwight
5%
40c
Name of Company
Extra
4-19
5-21
Canadian Fairbanks-Morse Co., Ltd.—
Central
Alabama
4-13
5-21
3-15
Canadian
4-21
4-16
4-25
25c
6-1
4-10
4-21
1
1
3-28
50c
i$l
1
1
5-
2
25c
preferred (quar.)__™____.
Di Giorgio Fruit
Corp,, $3 partic. pfd. (s-a)_
4-30
5-
$1
(quar.)
1
-
4-15
____!
7%
.
5-
$1.3772
Ltd., common
(quar.)_
Bronze,
2
7-
10-
2
50c
4-10
Canadian
7-
:
1
4-10
9-30
4-
12-24
common
5-
4-16
lc
■;
10-
(quar.)
Co.,
du Pont
Central Aguirre
Air
preferred
Vilbiss
Dow
Canadian
7
5%
De
3-20
3-20
preferred
5e
(quar.)_.
3-20
3-20
we
Fund
3-20
4-16
(quar.)
Steamship Lines, Ltd——__________
give the dividends announced in previous
paid.
The list does not include divi¬
dends announced this week, these being given in the
preceding table.
-
Affiliated
4-15
4-15
4-25
Northern Power, Ltd., com. (quar.)_
7%
Canada
(quar.)
Aircraft Corp.,
J12V2C
t50c
Canada
6-15
weeks and not yet
convertible
3-31
(quar.)
*15c
t$1.75
6-15
6-15
7%
55c
4-20
Co.
5-15
Class
Aeronca
16c
Edison
7-1
1
4-30
30c
Detroit
62V2C
7-
10-10
12-24
Detroit Gasket & Manufacturing
0(quar.)
Detroit-Michigan Stove Co.—
5% preferred (quar.)_
37V2C
7- 2
25c
'
$1.75
4-30
California Water & Telephone, 6% pfd. (quar.)
* '•
,6-30
$1.75
:
_L;
4-16
4-21
50c
4-10
7-10
25c
4-10
5-1
$1.75
4-10
4-25
25c
37V2C
(quar.)______
4-25
(initial)
(quar.)—
preferred
4-11
4-14
50c
(quar.)
California Packing
Corp., common
1
25c
1
2%7o
Co., $3 pfd. (quar.)
.4-14^.
5-
$1.75
(quar.)_
California-Oregon Power, common
(accum.)—___________
preferred
preferred
preferred
Dominion Glass
preference
5
1
4-25
(quar.)
5-21
$1.75
______—
rets, for 572%
$1.25
44-
4-30
50c
(quar.)
5-11
Consolidated Gold Fields
Adams-Millis Corp.
preferred
Derby Oil Co.
Wireless
preference
1
4-20
4-16
$1.1272
Co.__™____;
of New York—
5-11
prior lien (quar.)
White Sewing Machine, $2 prior pfd. (quar.)
Abbott Laboratories, 4%
________
6-
772C
5-
15c
(quar.)„_
4-20
6-15
25c
;___
Light
6-15
47
and
&
6-15
$1.50
...
5
$1.1272
r
Power
75c
Waltham
6
1
•
1$1
5%
8-
11-
(quar.)
t25c
————
$1
8-15
11-1$
'5-
4-30
(quar.)
common
preferred
California Electric Power
(quar.)
preferred (quar.)
Walker Manufacturing Co. of Wise.—
$3 preferred (accum.)
7%
7%
25c
Mills,. $1.50 1st pfd. (quar.)_
partic. preferred (quar.)
Calgary & Edmonton Corp., Ltd. (interim)—
meeting April 27)
(H.) Gooderham & Worts, Ltd.—
4-14
5-
$1.50
:
Mfg. Co., $5 preferred™
80c 2nd
special
4-25
25c
Caldwell Linen
5- 2
1272c
3772C
50c
(quar.)_._^__
(Edward G.)
2
"
77c
Buckeye Steel Castings, common
58V3C
4-20
(s-a)_
Quarterly
4-4
Brooklyn Union Gas Co
1007c
Dentists' Supply Co.
4-16
L
5- 1
7*
Delaware
4-
4-16
1'
(s-a)
4-20
_________
com.
35c
(quar.)____™™_»_._.™_
Light.__.____™—
1
1
25c
\
Cohn
&
4-10
3
4-
55-
(quar.)
(Alfred)
3-23
4-30
(quar.)_
587jC
;
Co.,
(quar.)
*50c
Vancouver, Ltd
preferred
(monthly).
Industrial
of
Hydraulic' Co.
Brockton Gas
7
Decker
4-19:!'
—:,™_..w___™w_
Distillers
Extra
6-19
4-16
Inc
;
Manufacturing Co.—
Bros.,
Rubber
$2 preferred class
4-16
$1
British Columbia Telephone Co.—
1
5- 1
4-16
5;,
Dayton
4-30
1
3-31
4-14
$3
U0c
41%c
50c
Davidson
2
Common
Light & Power Co., Ltd.—
Interim
Brewers &
prior preferred
Below
common
(quar.)
5-
Butler
Co.
(quar.)___^
(interim)__
2-16
$1.50
RR.
Stores.™,
Drug
4-14
t62V2c
4-20
4-25
6-30
30c
*32720
Property Trust
2-16
5-15
W.)
__
3-22
1272C
4-16
22V2C
6
4-154
$3.50
Clinton
4-20
;
$1
6
4-
1
5c
(s-a)'
16c
5-15
1
(F.
4-
*$2
4-
4-15
5
$2
50c
4-13
6-
preferred
5-16
4-20
1
4-20
4-25
$1.3174
Candy. Co,, 472Vo preferred (quar.)_
Curtis Wright Corp., $2 non-conv. class A__
Davenport Water, 57c preferred (quar.)
fe2V2c
4-13
53c
conv.
4-14
5-31
a
25c
(monthly I
$4
4-21
$1.25
1
5-
65c
5c
Inc., common
preferred (quar.)
15c
(quar.)
60c
(s-a)
Cunningham
4-30
4-16
$1.75
Curtiss
(quar.)
Cordage Co.,
prior preferred
Woolworth
pfd.
24%c
....
Port
5-15
6-
4-16
4-23
:_™L
Press
4-15
(quar.)
preferred
6.367?
-
Co.
Inc.
&
Extra
Cuneo
4-16
30c
5-
4-23
_J.
preferred
1
$25c
5-21
$2
60c
Drug Cfi., common
1
....
Ltd., 5%
25c
America
6-
"
.'"'•V.;,'" '7
;
4-30
&
6-1
*i5c
243/sC
3
1
4
5-15
5-31
Forster, 8% preferred (quar.)__
Cudahy Packing Co., common
6%
preferred (s-a)
$1
5-21
,
Company
5-
1
*50c
preferred (quar.)
Cornell-Dubilier Electric Corp,—^
$5.25 preferred A (quar.)__
5-
(quar.)
(quar.)
Brothers
5- 9
10c
1
4-15
5-15
317»C
Exchange Bank Trust Co. (N. Y.) (quar.)
Products Refining, common (quar.)™
5.-
class A (quar.)__
B * (quar.)—i
:_™
6.36 %
Yuba
Crum
Co.,
G%
Common
Crown
3-23
10c
Airplane
Ami
Budd
at
3-27
4-16
Ltd.
Corp.,
4-18
stkholdrs.
4-19
(increased)
9
4-
4-16
Plywood Corp. (stock divid.)
split (subject to approval of
4-14
Bathurst Power & Paper Co., Ltd.—
6-15
one
5-15
Class A common (quar.) ——:™_______
Baystate Corp. (quar.)
Bell Telephone Co. of Canada (quar.)
5-15
States
4-14
common
9
1
Walker
vtc.
9
1
for
5-15
of
5-21
50C
common
(quar.)_.
(quar.)
7%
*$1.3772
9
5-
Two
Corn
6-20
472%
4-
7- 2
United
Corn
6-20
6-30
Cross
4-
4-16
preferred (quar.)
4-4
6-30
10c
4-
58 Vac
77c
5-1
$1
Corp.
4-16
1
6c
Aircraft,
Ltd,
5-15
6-
4-25
25c
Rubber Co., $2 preferred____
special preferred,,,
60c
17V2c
com.
Hydro-Electric
53c
United States Foil Co.,
$1.12 7a
50c
(quar.)
Oil
Converse
4-10
7c
Building, Inc.,
$1.30
prior preferred (monthly)—
prior preferred (monthly)
prior preferred (monthly)
Container
4-13
5-1
Co.
preferred
Glass,
7c
Balfour
(monthly)
6%
6-23
4-23
Baldwin Rubber Co...
prior preferred
6%
7- 6
$3
4-30
10c
conv.
25c
4-30
45c
$1.25
*68%c
___
6.367c
6%
Consumers
(monthly)
Monthly
5- 1
(monthly)
77c
(monthly)
77c prior preferred (monthly)
6-23
'
Culver
5- 1
prior preferred
prior preferred
4-13
6
4-20
35c
(monthly)
Vultee
1
7-
4-5
13Vic
Manufacturing Co. (quar.)
United Light & Railways Co. (Del.)—
7%
Consolidated
5-
75c
4-30
40c
(monthly).
77c
Royalty
(s-a)___
Extra
4-4
7.$1.50
Towle
Paper
Consolidated
1
4-16
(monthly)
Consolidated
4-16
5-
Bangor
Co
Pump
4-16
1
10%
12 7>c
Tobacco Securities Trust Co., Ltd., ADR
American dep. rets, for ord. reg. (final)
3-15
1
5-
$1.25
S3
Springfield Gas Light Co. (quar.)
Thrift Stores, Ltd.—
672% conv. 1st pfd. (accum.)
4-16
5-
5-1
4-16
_
4-16
5-
4-20
_
5-15
$1
5- 1
(quar.)
(liquidating)
1
5-15
$1
5- 1
Platinum Co
&
Investors
6-
Corp
Gas
$1,25
Industries, Ltd.—
87Vac
-
3-30
25c
50c
Laundries
Consolidated Natural
$1.25
75c
(initial quar.)
1
7%
4-25
*2c
5-
preferred (quar.)
5-4
5-15
common—___
pfd.
3-31
4-24
$1.25
$5
4-16
4-14
5-15
—
4-15
;
3-31
4-16
3-31
Corp
5-15
4-16
1
.
,
3-31
4-16
(annual)
1
4-16
6-
$1
1
50c
Wiborg Proprietary, Ltd.—
preference <quar.)__
class A
$1.50
1
1
&
pfd. (quar.)__
Inc._
5-
6-
5V2Vo
Co.,
5-
5-
Ault
preference
6 7c
50c
$1.50
9
Heating
3772C
$1.25
7-16
8
1
(quar.)___
8- 1
3-28
5-
Atlantic City Electric Co., 4 7c pfd. (quar.)__
Atlantic Reiining Co., 47c preferred (quar.)
Atlas Powder Co., 5 7c conv. pfd. (quar.)
$1.25
.
4-16
$2.25
Topeka & Santa Fe Ry.
4-16
3772C
Atchison
4-
Spencer Kellogg & Sons., Inc.
Tokheim
2
10c
(quar.)
25c
Utilities
b-
Class B (quar.)
Consolidated Dry Goods (irregular).
Consolidated Edison Co. of N. Y., Inc.—
6
(s-a)___
Public
Power,
Car
partic.
4-16
7-16
,
$4
4
4-
Telephone Co., Ltd.—
$1.25 preferred (quar.)_____—
4-19
15c
5-
4-30
(quar.)
$3
(quar.)
American
Sovereign
Spring
4-
5-31
1
$1
preferred
3-16
Associated
35c
'
(s-a)—
Simplicity Pattern, 5V2%
South
4-25*
4-16
$1
35c
Sharp & Dohme, Inc., $3.50 pfd. (quar.)_
Shattuck Denn Mining lirreg.)
Sherritt Gordon Mines, Ltd
——
Power
4-20
7-
River
Consolidated
__
6-28
Consolidated Chemical Industries—
(s-a)
(s-a)__
Electrical
(Ordinary)
8- 1
Extra
Pacific
Consolidated
6-1
_____™—
Associated
4-30
W
(quar.)——
pfd.
4-20
1
Cable.........
—
;4c
5-15
$1.25
(quar.)
9-25
12-24
Connecticut Investment Management Corp.—
Semi-annual
Connecticut
15c
;
6-25
12-31
(s-a)
12-15
68%c
$1
participating
Sierra
Extra
3-31
5- 1
Extra
6%
&
Ltd.
Mines,
9.15
50c
(s-a)
preferred
9-15
5c
& Cold Storage—
Wire
1
15c
Investing Corp., $7 pfd. (accum.)—
Reynolds (R. J.) Tobacco com. (quar. interim)
Class B (quar. interim)
Rich's, Inc. (quar.)
Louis Refrigeration
Common
(s-a)
5
6-30
9-29
*81.50
$2.25
common
Argo Oil Corp.
•
$1.56
*
(quar.)—
St.
Anaconda
5-1
5- 1
..,
50c
Reserve
Riverside
9-
4-30
*$1.50
12-15
$1.75
Anglo-Canadian Telephone, 572.% pfd. (quar.)
Appalachian Electric Power, 4 Va 7c pfd. (quar.)
Arcade Cotton Mills Co., common
Associated
(quar.)
(quar.)—™.
Co.
.
G'.'e
preferred A (quar.)
Republic Investors Fund com—
pfd.
Tel.
$4.50 preferred
4-16
5-15
10-
75c
Purity Flour Mills, 6% preferred (quar.)™
Railway & Light Securities, common (quar.)
6%
5
5
5-15
*$1.50
15c
(quar.)__,
4-17
5-24
25c
common
6-
Quarterly
Quarterly
Quarterly
■
Co. (Abilene, Kansas)—
(quar.).——i
&
Amoskeag Co.,
67c
Co.—
—
Gamble Co.,
&
6-15
$0,843
American Zinc Lead & Smelling Co.—
$5 conv. prior preferred
•
Semi-annual
Co
5
~
75c
(participating)
Viscose Corp., common
preferred (quar.)™____
57c
.
.
Pittsburgh Bessemer & Like Erie RR.
Tool
3
5-
1
5
4-
75c
(accum.)
(Toronto)—
$1.75
American
:
,
Johnson & Co.—
Ordinary registered (final)
Procter
,
split-up.
Pinchin,
Plomb
4-
5-15
7-
4-
4-16
preferred
$1.75
_________
Telephone
preferred
Tel.
4-16
Coniaurum
_
57c
Confederation Life Assn.
$1.75
1st preferred
American
4-14*
1
77c
of Rec.
4-16
$1.50
5-
Gas,
Holdert
60c
(quar.)
Concord
35c
«iuar.)—:
American States Utilities
Corp., common
5Vz7c preferred (s-a)
—
Paciiic
Pfizer (Charles)
77c
preferred
Whent
Payable
Share
(quar.)_
common
25c
Seal-Kap Corp. of Delaware
American Smelting & Refining
Co., common.
4-16
4-20
Electric,
3-15
Goods—
Service, $3 pfd.
American
(quar.)
(quar.)
Ontario & Quebec Ry.
5- 1
4-30
Concord
4-16
$1.25
preferred
American
30c
75c
15c
N.orwalk Tire & Rubber Co., 7% pfd. (quar.)
$1.50
Paper
Name of Company
3
4-
20c
Corp. (monthly)
(quar.)
(quar.)_
77c preferred (quar.)
77c
preferred (quar.)
American Safety Razor..
6- 1
(irregular) — _________
S3 preferred <quar.)______
-—___—_
Northern Ohio Telephone Co.—
...—_
Class
77c
50c
(quar.)
Common
O'Connor,
American
$1.25
____
Newberry (J. J.) Co., 5% preferred A
North Boston Lighting Properties—
...
$1.25
Manufacturing Co., 5% preferred.
News
Co.
(bi-monthly)
American
Per
of Rec.
4-23
6 7c
,.
Products
1701
Holdert
Payable
50c
_
(quar.)
Home
When
Share
Allegany County.
Telegraph Co. (N. J.)—
American Maize-Products Co.
$1
$$1.50
1
A
Company
of
American
(s-a).—_______^————
preferred
(
New
preferred
American
Bond Series——-—. r
Co.
District
American
National Securities Series—
Stock
Coal
American
4-30
5-1
4-16
4-21
preferred (quar.)
Tk
Per
j
Name of
of Rec.
j; 5-31
6-15
5-15
6-1
4-30
50c
$1.75
Mercantile Storey Co., Inc., common
Holdert
When
per
4-20
8c
4-15
3-31
62c
4-16
4-
Fran¬
(quar.)
,
Firestone
First
Tire
&
Rubber
Mutual Trust
preferred
Co
Fund Shares
Ltd., 7% pfd.
(quar.)
(quar.)
<irreg.)
(quar.)
1772C
4-
5
5
6-
1
17%c
9-
1
8-20
17 %C
12-
1
11-20
5-20
THE COMMERCIAL & FINANCIAL CHRONICLE
1702
Per
Flintkote
+25c
Co.,
$4 preferred (Initial quar.)——
Florida Power, 7%
preferred..——.
•
convertible
Fraser
4-20
1
4-20
Leath
6-15
preferred (quar.)
Lebanon Valley Gas Co., 6%
pfd.
Lee Rubber & Tire (quar,)——
iquar.)
(quar.)—
.*
Class
(quar.)
—•
(year-end)—
50c
5-31
5-26
Lehigh
8
4-25
3-31
4-30
4-15
Lerney Stores,
3-31
Lexington
common
5-
1
15C
5-
1
Co.
Corp., common
(increased
—...
6% preferred B (s-a)
General Mills Inc., common
Motors Corp.,
preferred
Gerrard
Co., preferred
(S. A.)
Gillette Safety Razor Co.,
$5 preferred (quar.).
Gimbel
,
Brothers,
(s-a)
1
4-10*
1
4-
Liquid Carbonic Corp.,
Lock Joint
preferred
$5
1
4-20
1
4-20
;
44-
2
—
1
25c
4-25
4-25
50c
6-15
Great Lakes Power Co.,
5-15
4-16
50c
<
"5%%.
preferred
1
-1
6%
Hajoca Corp.,
5-16
50c
4-30
60c
preferred—
Halle Bros. Co., $2.40 conv. preferred (quar.)
4-16
6' 1
Hart Schaffner
Co.—
'♦
(quar,)—
pfd. (quar.)—
•
Eleetric
4-16
6-15
6-
4-30
4-
9
5-
5-15
5-15
4-25
4-27
4-17
4-
7
6-
12-
5
30c
12-15
lc
4-25
25c
5-
V
,
$1.75
5-
1
4-13
$1
25c
>_—-
„
class -A——,
|1 class A_,
—
Home Oil Co., Ltd. (Interim).—'
Horder'S, Ihc. (quar.)
j.
Horn & Hardart (N. Y.) (quar.)______
."
—
77
l
;•
preferred
-
_
4-15
4-20
6-30
9-29
9-20
12-30
12-20
5-
1
4-16
5-
1
4-16
3-29
5-
6-
1
4-30
4-20
4-20
(quar.)—— /;•
1st
—
class
5-
r
;
3-31
4-
1
2 1
4-16
7 5-
7 4-10
*
1
4-
5
f>
3-15
4-16
3-20
5-
1
4-10
$4.50 preferred
A
(s-a)
5-
1
4-10
$4.50 preferred
B
(s-a)
5-
1
4-
3
5-
1
4-
5-
1
4-20*
3
$75c
4-16
3-16
13C
4-16
3-31
10c
7%
4-16
3-31
9-
5
9-1 /
3-31 V
5-
3-31
4-16
3-31;
30c
4-30
4-14
«.•
50c
50c v
4-
6
5-
1
4-19
ISC
4-15
4- 4
It
7vfV
5-15
5-1
10c
1
1
77:-:/
(s-a)
$2
7/7 $1.50
Power, $6 preferred (quar.)„,
50c
Montgomery Ward & Co., Inc., com. (quar.)
6-
1
5-10
5-
1
4-12
——
1
6-15
*
1
9-15
'
1-2-46
12-15
4-1-46
5-15
5-
5
8-15
8-
4
35c
11-15
11-
5
——___—35c
2-15-46
"
(quar.)—
t75c
•
pr. preference
(resumed)
A
5-1
"
5-1
4-16
25c
6-
1
5-12
6-
1
5-12
6-
1
9-
1
8-11
12-
1
11-10
5-
1
4-20
5-
1
4-20
4-24
4-12
1
8-10
$7 preferred (quar.)—
$1.75
11-10
$7 preferred (quar.)
$1.75
1
4-15
$7 preferred (quar.)
$1.75
6-
1
5-25
Munising Paper Co.,
25c
5% 1st preferred (quar.)——
Murray Corp. of America——
Muskegon Motor Specialties Co.—
5-15
Mutual
v1 •'
6-
5
5-23
1
4-18
Chemical Co.
—
25c
50c
6-28
6%
preferred
(quar.)
$1.50
9-28
6%
preferred
(quar.)
$1.50
12-28
12-
5
National
3-31
25c
4-28
4-10
<
—
10c
37 %c
4-16
5-
1
convertible
4-14
7
convertible
preferred
7
$1.25
4-30
4-
3
National Bond & Shares
20c
4-20
4-
7
National
Casket Co.,
31%c
4-15
3-31
National
Chemical
3-31
1
(quar.)
Kerr-Addison Gold Mines, Ltd.
(interim)
Klldun Mining Corp. (liquidating)
$5c
4-28
10c
6-15
5c
5-
1
4-15
4-30
3-29
$1.50
—
Kirkland Lake Gold Mining Co., Ltd.
(s-a)
Kokomo Water Works, 6% pfd. (quar.)
5-
1
4-11
$1.75
5-
1
1
Common
Inc.,
1
5-
1
15c
'
4-16
"
Kroger Grocery & Baking—
National
4-30 '
IOC
Krueger (G.) Brewing Co.—.
Lamaque Gold Mines, Ltd, (interim)
12 %c
....
4-16
4-
4-30
9
$5C
6-
25c
5-15
5-
5
25c
(quar.)
(quar.)
8-15
8-
4
11-15
11-
5
1
•
(quar.)
25c
preferred
(quar.)
—
$1.75
5-
1
4-16
1
1
(quar.)
,
,,
-
4-16
5-
50c
(George)
of "New
Fund
Co.
2c
1
(s-a)_
(quar.)
$2.50
class
A
(s-a)
$5.50 prior preferred
Stores
1
(s-a)
1
4-11
5-
7/
-
6
1
7 4-11
4-16
3-20
■
-7/: 4-16
3-20
«
4-15
25c
6-
1
4-
2
5-
-
-
1
-
6-15
,
6-1
5-15
7-
2
6-15
5-1
4-16
6-1
50c
4-
5
-
5-15
6-15 *
5-*
1
4-16
6-
1
5-15
58'/3c
7-
2
6-15'
25c
6-
1
5-15
i
$1.25
(quar.)_
com.
7-2
6-
1
5-15
-
Jersey—
of
50c
non-cum.
5-15
4-19.
4-16
3-30
15c
4-16
4-16 *
3-31
$1.50
5-
5-25
4-19
5-
1
4-20
•
4-20
3-31
-
4-25
3-31
25c
5-
1
4-20
•
25c
5-
1
4-20
-
75c
5-
1
4-20
25c.
5-10
4-12 !
5r
4-21
$1.50
20c
7^
:
(quar.)
.50c
.
•;//7•
(quar.)
* $40c
non-cum.
preferred, (quar.)
non-cum.
preferred
1
^' 7'
•
/,
,
9-
1
12-
1
5-
1
$40c
(quar.)
Manufacturing Co. (111.)
6-
J40c
(quar.)
.
..
1
'
7
$1.50
—
preferred
5-31
J25c
(quar.)
common
5-15
30c
$1.25
Boston
7
1
*
8-
1
-
11-
1
7:
'
$1.25
5-
"30c
5-
1
4-20 Z
133/tc
5-
1
4-10
15c
5-
1
4-16
15c
55c conv. pfd. (quar.)
6%
4-16*
preferred class A
(quar.)
67c
4-2
20c
preferred class B
(quar.)
5-
1
4-21
Rheem
8-
r
1
7-21
Rhode
5-
1
4-18
20c
4-16
3-31
5-
4-16
National Lead Co.—
National Manufacture &
5-
3-30
4-16
:
Copper &
Brass,
5 'A %
Manufacturing Co., 5%
Island
Public
Service
'
preferred class B
4-
5-1
(quar.)
7
preferred
Revere
2c
6%
3-21
4-15
..
-
58V3C
Indiana,
Republic Drill & Tool,
National Electric Welding Machine Co.—
National Food Products Corp., class B
National Fuel Gas Co. (quar.)
4-20
58V3C
Reliance Electric & Engineering—
/
$5 convertible preferred
4-14
12 %c
Products
4-20
r
4-~3
;•/
Power
Reliance
4-16
5-
3-30
5-
1
4-16
$1.31%
5-
1
i
4-18
Republic Investors Fund—
Quarterly
,
_
5-
4-20
■
5-3
4-15
(quar.)—
$1.60
8 >
4-18*
50c
(quar.)
Distillers
of
Co.
$1.60
3-29
;—
Manufacturing Co
Service
$1.60
12-
5-15
7V
(quar.)—;
common
9
3-12
41%c
/ 41%c
!
(C. A.) Co., $2 preferred A_
Regeot Knitting Mills, Ltd.—, ■
8-10
15c
4-14
$2c
—
&
4-
4-21
J5c
$1.25
Reed
5-10-
9-
50c
National City Lines, class A (quar.)
National Department Stores Corp.—
Corp.
6-
11-
2
4-25
41%C
.
i5c
:
preferred
Reading Co.,
15c
(quar.)
preferred (quar.)
6%
convertible preferred (quar.)
National Battery Co
Co.
Extra
Automotive Fibres. Inc.—
6%
6%
4-
$1.25
$1.50
$1.75
O^s Co., 6% preferred (quar.)__
$3
3-31
56 %c
•
4-16
lOc
Radio-Keith-Orpheum Corp., 6% pfd. (quar.)
Railroad Employees Corp., 80c pfd. (quar.)
Railway Equipment & Realty Co., Ltd.—
6%, 1st preferred (accum.)
Raymond Concrete Pile, common (quar,).
/
"
common
4-16
4-20
."/. $1.25
Quaker
3-31
System, Inc., 6% pfd. (quar.)—
Narragansett Electric, 4V2 7g pfd. (quar.)_— ;
4-16
1
1
15c
!
(monthly)
Service
Putnam
12-20
4-16
5
3-30
5-
50c
Quebec
9-20
9-
3-30
"
6-21
Fund
3-31
10-1
5-
$1.50
6%
preferred
(monthly)
Puget Sound Power & Light Co., common
$5 prior preferred (quar.)
5-15
$1.50
Mutual
preferred
5%
America—
9-15
12-15
1 "
(quar.)
15c
15c
6-
preferred
Investment
7 3-31
$1
(monthly)
Public
5-12
6%
Mutual
50c
•
25c
...
—
of
preferred
77c
3-31
<
'
3-23
10c
(monthly)—
7%
Public
1
5-J 5
4-10
$1
6% preferred (monthly)
6% preferred (monthly)
7%. preferred (monthly)
5-15
25c
(quar.)
4- 2 7,
7- 4- 2
50c
preferred
4
5*
50c
67c
$1.50
9-
A
4-
$1
preferred (quar.)__
57c
6-
-
3-31!
Colorado—
4-18 7
3-31
5-
5%
1' V
4-16
-
4-16
$1.75
Inc
3-15
3-31 z
12-
class
/'• 5-
I
$75o
preferred
3-19
1
4-20
7 7
common
"V- i- 2 •
1
5-
,
of
.
$$1.50
preferred (monthly)—
preferred (monthly)—.
preferred (monthly)
4-20
(special)—
5%
,
5%
5%
62 %C
(special)———
B
$2
Prosperity Co., Inc.,
Corp.—
class
America,
Gamble Co
Public Service Co.
37 %c
—
&
7
5,7
4-16
6-
*
partic. preferred (quar.)
Mfg. Co. (quar.)__i—
of
5-
7/777, lc
class
/
•
(quar.)___i
4-16
148c
$1.50
Mountain
Manufactured
2-
5-15
$1.25
Proprietary Mines, Ltd
'
Montreal Telegraph Co.
(quar.)
Moore Drop Forging, Class A (quar.)
Mount Diablo Oil Mining & Development Co.—
E.)
/
3-15.:
35p
4-16
—
—
.
(G.
Metals
Procter
preferred C
Quarterly
Pressed
•'
7-
35c
Corp. of Canada, Ltd.—
preferred (quar.):
Prentice
:
.
50c
—
1st
non-cum.
5
50c
-
(quar.)
preferred
6%
5-10
Common
$46.78
77o
5-10
6-
Common
2
<
67c
6-
1
4-
4-15
5-
:
$2.25
6-
4-16
4-16
1
Power
—
5-10
$1.50
(quar.).
4-26
$1.50
;
Montana
4-
10-
__
1
4-16
7
Co.—
6-15
4-12
4-15
1
$2.25
Chemical
6-
4-17
_
5-
9
Mullins
1
1
4-23
lQc
./•»!
Marquette, 57c
7
4-16
4-15
-
common,
4-27
25c
50c
4% preferred (initial quar.)—
Phillips-Jones Corp., 7% preferred (accum.)
Pillsbury Mills, $4 preferred (quar.)—
Pittsburgh Coal, 6% partic. pfd. (accum.)
Pittsburgh Screw & Bolt Corp. (quar.)
Plymouth Cordage Co. (quar.)
Employees stock (quar.)
Polaris Mining Co
Portland Gas Light Co., $5 preferred
(quar.)
Potomac Edison, 6 %
preferred (quar;) -!!_!
:
2
1
1
12-
4-
1
5-
Common (quar.)
Kansas City Southern
Railway Co.—4% preferred (irregular)
Kaufmann Department
Stores, Inc. (quar.;.
Kellogg Switchboard & Supply—
12- 5
4-
6-
5-
1
4-16
6-
$1
1
9-
50C
(quar.)
6-15
$1.06%
6-
5
5-15
$1.25
(quar.)_
1
5
9-
25C
10c
(quar.)
12-
6-
4-16
A
6-15
15C
common
3-30*
_____
30c
common
12- 5
25c
5c
common
$1.95
1
1
$1.75
Society,
$1.80
30c
6-
30c
States Power, common (quar.)
preferred (quar.)
Mountain States Tel. & Tel. (quar.)—.
$2.10
4-20,.
5
30c
(quar.).
4-14
4-16
4-16
—
preferred (accum.)
Monroe Loan
5%
(accum.)
1
6-
Co.—
4-15
t8%c
-
5-
/
4-17
.
4-20 /
30c
*
7 4-20
1
Philade^ihia Co., common (irregular)./.^
;
12%c
7,4-25
6%-preferred (6-a)
i'_—,
$1.50
5- 1
Philadelphia'Electric Co., 4.4%rpfd! (quar.),/.,7, $1.10
7 5- 1
Philadelphia National Insurance (Phila.)—^ 77/ 7 7 "
tSemi-annual;
/
30c
4-16
Philadelphia Transportation Co., common
40c
4-21
Participating preferred (s-a) 50c
4-21
•Participating preferred (s-a)
50c
10-22
Philip Morris & Co., Ltd., Inc. (quar,)____
/ 750 "
4-16
7 Extra _•
_'___
:
$1.50
4-16
4-10
•
-
•
.
•
1
1
5-
"
3-31
-9-
5-1
common iquar.)
(quar.)?___^
Pere
4-15
5.
preferred (quar.)^
,t$l/50
Pennsylvania Electric, 4.407c,' pfd. B (quar.)
$1.10
Pennsylvania Power Co., $5 pfd. .(quar;)_^5.\;' $1.25
Peoples Telephone Corp. (quar.)__—
7 /, $2
t:
11-28
f»
1
5-
5-29
25C
(quar.)
Common
11-30.
-
.
"
4-15;
•
$6
8-30
^
-
4-12
1
5-15
$1.25
(quar.)<
Penmans, Ltd.,
30c
A
3-15
$133.27
Lane Bryant, Inc., 7%
'/ v 5-31
•
3
5-
1
-
Manufacturing
4-15
87 %C
(quar.)
,
Inc
5-
4-14
1
$1.25
!
—_—
5
Co.,
A
$20c
6-
Common
class
:25c
6-15
Landis Machine
$1.40
5-
4-14
50c
(quar.)—
25c
(quar.)————
Minneapolis & St. Louis Ry,
:
Mission Dry Corp
i,!,—
Mississippi Power & Light Co.—
$6 first preferred (quar.)
Monongahela Valley Water Co.—
$4
Plantation
preferred
A
50C
-
——
5-
2nd
class
$1
15C
7%
$1.40
7 5-15
4-16
5-15
'
$1
(quar.)
(quar.)—..
4-18
"
1
1
(quar.)___
A
15c
Common
.
A
$1.25
20C
Kinner Motors,
class
class
Co.,
Common
4-16
"
.
V;:7f
$1.40
1
3-15
4-30
$1.25
^
$1.40
4-15
—
5%
t $1-75
preferred A
preferred
Co."
5-21
5-
4-14
5-
$1
,i 5-19
iii 5- 1
/
5-
•
6-1
.
'
6-15
4-14
4-16
*
4-14
4-30
-
-
(quar.
6» 1
4-16
—
(quar.)
Inc.,
•
Peninsular Telephone
Common (quar.):
i.
1
6-30
10-
Bottling (irregular)—___
Producing & Refining Co
3-31
.
5-
$70c
(accum.
4-16
.'i.c
.
i25c
(quar.i
3-29
_
6-20
4-30
*25c
Coca-Cola
&
"
2
Cement Co.—
preferred
Corporation
Davis
3-31
7-
$1.25
pfd.
4-12
3-31
4-20
25c
.
4-20 ;•
62 %c
Common
conv.
Portland
Packer
Parke
43%C. 7; 8-31
7
—
Monsanto
preferred B
preferred
(quar.)
pref. (accum.)
Ltd.—
;
$5
4-16
4-30
20c
conv.
4-23
:;77 43%e-
preferred (quar,)
Acceptance Corp. of California:—
6%v preferred (quar,-)——————
6%
preferred (quar.)——
6% preferred (quar.)
5% 1st preferred (quar.)_
$$1.50
,
Kalamazoo Stove & Furnace (quar.)
Kalamazoo Vegetable Parchment Co.—
5%
&
4-16
1
4-20
—$1.25
21c
$1.50
—
5%
$$1.50
-
4% 2nd preferred series A (quar.)
Joplin Water Works Co., 6% pfd. (quar.)
$1.25
V
Mercantile
65c
,
(quar.)
Jewel Tea Co., Inc., 4%% preferred
Johngon & Johnson—
Kennedy's
Pacific
6%%
3-20
4-23
'
6% 1st preferred (quar.)I— 77 $1.50 7
$37 %C
preferred
Sugar
3
1
•
Kahuku
1
4-15
1
(quar.)
Mills, 7%
,'7
7.^
20C
7:7-.; 40c
(qua*.)— 717 43 %C
Miller
4-28
5-
preferred arrear ctfs. (accum.)
6%% preferred arrear ctfs. (accum.)
7%
iquar.;
(quar.)
Electric Co.
'
1
5-
$$1.75
Aircraft,
.
/
'
■
•.
Panhandle
—
4-10
5-
5-
6%
Judson
&
-
5-15
5-
$1.31)4
com.
1
6-1
'
$1.50
-1
■
(quar.)
Common
4-
1
5-21
7
Inc
Quarterly
Quarterly
Jantzen Knitting Mills,
7
40c
(quar.)
7% preferred arrear ctfs.
Iron Fireman Mfg. Co.
Products,
Gas
4-15
(quar,)i_—
common
-
7-
Lighting Corp.,
4-30
(quar.)—
common
(quar.)—-
—
Pacific
.
Panama
preferred (quar.),—
5% 1st preferred (quar.)
Mercury Mills; Ltd! (interim)—
Messenger Corp.
Midwest Piping & Supply
Midwest Rubber Reclaiming Co. (quar.)_.—
$1.12%
Investors Mutual, Inc. (quar.)-.—
Iowa Southern Utilities Co.—
5%
6-20
Canada, Ltd.—
preferred
"C"
Co.,
$20c
Nickel Co. of
Fund
Stores
preferred
Convertible
__
Investment Foundation Ltd.—
Investors
1
1
50c
7 %
preferred $100 par (quar.)_
7% preferred $5 par (quar.)
Int'l Utilities Corp., $3.50 preferred
convertible
5-
5-
30c
*
,6%
6%
McNeel Marble,
$1.25
—
Shares
International
.
McLellan
Melville Shoe Corp.,
'
convertible preferred A (quar.)—
convertible preference (quar.)
6%
7
"•
4-18
20c
—
,
6%
,
4-16
25c
(Del.)—
3-20
...
5-24
37y2C
Coast Co., $5 1st pld. (resumed)
Finance Corp. of California
4-16
20c
38c
6-9
5-
5
>
<quar.)„—
Pacific
4-30
3-31
v.:
3-30
25c
(Del.)—
38c
McCrory Stores, 5% preferred (quar.)
McKesson & Bobbins, Inc., $4 pfd. (quar.)
4-11
777 25c
6% participating preferred (quar.)
International Harvester Co., com. (quar.)
International Metal Industries—
•
McClatchy Newspapers, 7% pfd.
7^0a. preferred (quar.).
7% preferred (quar.)——
1
$1.50
Investors
(quar.)
(quar.
1
$1
Interchemical Corp., common (quar.).
4%% preferred (quar.)
International Bronze Powders, Ltd.—
Common
/
McCall Corporation
5-
$1.25
Indianapolis Power & Light, commonInstitutional Securities, Ltd.—
>
3-30
7
7-21
4-16
25c
—
Hampshire
common
Co.
Pacific
Pacific
7
</
preferred
5-
$1.25
—
Indiana Associated Telephone—
$5 preferred
(quar.)—
Aviation
4-10
$1.25
__
•
11-21
:
$1
partic. 1st pfd. (s-a)—__
Accumulated
Illinois Zinc Co.—
Incorporated
1
5-15
25c
15C
(quar.)
cqnv.
12-
-
8-21
J15C
________________
————__—4—
Investors Trust———
40c
pfd. (quar.)—
preferred'(quar,)preferred (quar.)
5%
1
/
Car
4-16
—
1st
New
Co.
Steel
7'
,77
(quar.)—
(quar.)——
McBryde Sugar Co., Ltd.
5-21
9-
—*—r
7; 25Q
Hussman-Ligonier Co. (quar.)
Huttigf Sash & Door Co.—
Huyler's, $2
1
4-16
8-1
$1.75
.
Houston Lighting <fc Power, $4
Wo
6-
25C
$1 class A—
•
3-31
Outlet
2
5-10
3-31
$3.50
-
(quar.)
(quar.)
Orange Crush, Ltd., 70c
Ottawa
.
2
4-
4-20
(s-a)
(accum.)
preferred
'
$17%c
(quar.)
Marshall Field & Co., common
$6
4-13
__________
——_______
Holly Developments Co. (quar.)—
Holly Sugar Corp., common (quar.)—
7% preferred (qyar.)--__
Holt (Henry) & Co., Inc,—
v
4-17
4-
37 %C
preferred (quar.)
62 %C
Maui Agricultural Co.—
7, 77 30c
1
May McEwan Kaiser Co. (increased)
35c.
Maytag Co., $3 preferred (accum.)—— 77;':! 75c
5
——
>.■
7%
4-16
25c
5 %
5
9-
Oliver
Massachusetts Utilities Associates—
2
9-15
4-27
7
3-31
Company '(quar.)$1.50/.
Corp., 4%% preferred (quar.)—,
S1.12V2
United Filters, class A (quar.)
/
50c
Ontario
9
7 4-16
of
Shoe,
Match
$17%C
B
preferred
v:
4-
4-20
Okonite
4-20
4-
4-15
(quar.)
(quar.)
Massachusetts
4-16
6-15
30c
30c
:
—
4-15
1
1
1
4-15
90c
82V2c
.common
preferred
5% >'preferred
"4-14 7
5-
50c
2nd preferred
4
5-
common
preferred
6%
4-25
75C
V'
7
9
5-15
$1.25
—
Common.
4-
75c
—-
—
Light, common..
__
6
Nunn-Bush
4-13
5-
...
/
2V2C
57c preferred
(quar.X
—
Common
4-
15c
Corp.,
7%
$1
*
preferred
conv.
5
4-25
——
Higbee Co., common...—
*'■$% preferred (quar,)Common
5-1
30c
(4 convertible preferred & Co., (monthly).
bard, Spencer Bartlett (quar.)——
Bilo
Marathon
Marchant Calculating Machine Co. (quar.)
Maritime Telegraph & Telephone Co., Ltd.—
$1.50
7
(N. Y.)—
4-14
4-30
1
*
6% preferred (accum.
)_i—$1.12% '
Northland Greyhound Lines, Inc.— :/v■"...
$6.50 preferred (quar.)
$1.62y2 "
Northwest Engineering Co
500
Nu-Enamel Corp. (quar.)_—7%c
12-22
1
5-
5C
4-10
$1.06%
9-21
5-
$1.50
——-—
1
'/
% 6-21
1
5-15
5-
25c
Hayes Industries, Inc
—
Hecht Company, common
4%% preferred (quar.)...
Hercules Powder Co., 6%- pfd. (quar.)
Hershey Chocolate Corp., com. (quar.)
2
3-31
4-27
7
7-
10-
7;
4-15
4-25
$2
.
3-31
5-28
3-29
50c
9
3-31
4-20
4-18
•
$1
Illinois Corp.,
conv.
preferred
Oliver
7;7
(quar.)—
•
Manufacturers Trust Co.
7%
3-31
1-2-46
,
Extra
$1.50
Ohio
1
$1.62%
!,
4-25
.$1.31%
4-16
(quar.).
4-
,
4-16
$1.62%
$1.75
Hat Corp. of America, 6%%
9
7, 4-16
$1.62%
5-
68%c
5-
50c
20c,
—,—
40c
Hawaiian Commercial & Sugar
■
(quar.)_
$1.75
Maibc..
&
200%
Inc.
Fund,
Northern
.
1
(quar.)—
States Power Co.
—
4- 6
Hartford Electric Light
Northern
Inc. (reduced)„__________
25c
Manhattan Bond Fund, Inc.———— 7/7:'/ 10c
5-10
4-20
(quar.)
9-21
12-22
—
'$1.50
Ltd.
Refractories
preferred
RR.
1
Mandel Brothers,
$22 %c
6%
Northern
10-
1-2-46
4. 9
A—
Harbison-Walker
Fund,
3-31*
3-31*.
5-
5-10
common——.—..
6-22
—
-v
(quar.)
Harris (A.) & Co., 7% preferred (quar.)
Harrisburg Gas Co., 7% preferred (quar.)..
Hamilton Cotton Co.,
Water,
$4 prior preferred
4-14
Lyons-Magnus, Inc., partic. class A (accum.)
50c
Macy (R. H.), 4>4% preferred A (quar.)
$1.06%'!
Madison Square Garden Corp—
77.7 25c
Mahon (R. C.) Co., $2 class A pfd. (quar.)
SOc
'
"
Northeastern
2
$2
Lyon Metal Products, Inc.—.
6% participating preferred
4-14
6
34%C
(quar.)—
5
4-14
4-16
$1
prior pfd, (quar.)_
Co.
-
4-20
4-14
1
5-1
15c
•
Co., 7%^ preferred
Co., 7%
7-
$2
—.
preferred (quar.)
preferred (quar.)___
Luzerne County Gas & Electric Corp.—
5%% preferred (quar.)
Griesedieck Western Brewery—
'
Gas
1
6Vz%
3-31
5-
$$1.75
(quar.).
Penn
5-
6%%
Ltd.—
$2 class A participating preferred
Green (H. L.) Co., Inc. (quar.)—
North
North". River Insurance
1
1
5-
„
(accum.)
North Carolina RR.
!
3-31
5-
$1.25
Investment Corp.—
(accum.)
t
preferred
3-31
♦
5-
-7
$1.50
$1.62Va
Drydock—
-V
4-14
4-16
4-16
$1.62Vz
Co.^
4-16
(Ky.), com— .37 %c
Lunkenheimer Co., 6'/?% preferred (quar.)
$1.62%
5-15
6-15
Merchandise
Ameriean
5Vz'Ic
5
6-
York
&
*
5-19
5-1
$1
J12c
;
4-16
$2
—
Inc. (quar.)
Louisville Gas & Electric Co,
3-20
—-
(quar,)
Second
4-10
$1.50
common—
7
6-15
6-21
Shipbuilding
(quar.)
25c
8%
9
5-
5-
(quar.)__' $1.1834
North
4-20
.
1
2
News
preferred
6% ..preferred
10-26
4-30
1
7
1
6-
Norfolk & Western Ry
Co., adj. pfd. (quar.)
North American Acceptance, Class A
7-26
1
pfd.
5-
$1.25
7
4-25
6-
$1.12%
(quar.)
(quar.)
preferred
Loomis-Sayles Mutual
5-
$1.25
Inc.,
Pipe Co., 8%
5-26
1
(quar.)
pfd. 'A
4%%
4-18
5-30
4-25
$1.25
11-
50c
——
preferred (quar.)
8% preferred (quar.)
Loew's, Inc. (stock dividend)
25c
(quar.).:
$6 preferred
1
5-
3
20c
Goodyear Tire & Rubber Co., common
-
5-
5-
:/:
1
4%%
13%c
7
4-20
7-
9
4-17
4-
25c
—
Machine Tool Co.—
common (quar.)..
Giddings & Lewis
•
Refining Co., common
$5
New
3-31
1
8-
Inc.,
10c
5-
25c
Co., Inc., class A
——
5-
$$1.25
(quar.)
'/ 5-
30c
—
Oil
Newport
7
5' 1
30c
Lion
(initial
Belt
6%%
5-15
25c
7%
Genesee Brewing
.
5-10
5-25
t2Qc
>
5c
Link
Park Industries
Lincoln
2
5-10
i
4-16 7
4-20
;
1
4-16
/■•
50c
9
4-
5-25
$1.25
(quar.)
(reduced)
7.
%-t
(quar.).
quar7)TJ___
3-
4-16
$1
(quar.)
$5 pfd.
General Steel Wares, Ltd., common
5-
3-15
—
Haven Clock Co., 672% pfd. ,(quar.)_
Newberry (J. J.) Realty, 6% pfd. B (quar.)_
6Wo preferred A (quar.)____
4-14
5-15
6-
4-15
(quar.)—
preferred
1
7-31
6-21
^
New
4-16*
1
Co., common (quar.)—_________
preferred (quar.)—,
Lion Match Co., Inc.—
4-25
5c
(quar.)
Ind.
Wayne,
(Fort
25c
40c
quar.)
1
30c
4- .6 7/
30c
Electric
Finance
-
5-
87 %C
4-14
—
4-13
—
4-20
'7
1
Brothers,
5%
of Rec.
8-15
$25c
•
New Bedford Gas & Edison Light
iquar.)
New Brunswick Telephone Co. Ltd.
<quar.)_
V
5-
$1.30
Liberty Loan Corp.,
Lincoln National Life Insurance Co
4-20'
6-15
1
Tea,
Neisner
,
6-15
i
*
$1.12%
Telephone Co., 5.2% pfd, (quar.)
$3.50 preferred (quar.)_
3-31
4-15 :
2
5-
4-14
2
7-
$2c
3-31
10c
National
Holder*
Payable
$1.25
25c
Car, Ltd. (quar.)
5J/2% preferred.:
Neiman-Marcus Co.,
When
Share
preferred (s-a)
Machinery——,
5-21
25c
(quarj
4-16
75c
General
(s-a)
preferred
Rubber
National Steel
50c
4-15
25c
General
preferred A
4%%
National
3-31
7-
75c
Gold
2c
:—
Co.,
•
__
/- 3-31
4-25
7
62 %c
-
."
3-31
5%
Type,
5-31
10c
;■
—_
50c
'
(quar.)
B
Name of Company
National Paper &
4-15
37 %c
——r—
Portland Cement, common
Mines, Ltd. (quar.)
Leitch
25c
A—.;
$3 convertible preferred (quar.)
General Baking Co., common..!—.,
General
6-15
•
$1
_____
Co., common
J 50c
——
Gardner-Denver
&
6-
$3
Monotype
$2.50
3-31
4-20
$35c
;
5%
l
5-
Per
of Rec.
4-15
75c
1
(quar.)—
2'
common—_________
Class
preferred
5-
7
Monday, April 16, 1945
Holdert
4-15
!
8c
_——
7-
&
Company,
Fyr-Fyter
67e
Lanston
50c
—
15c
(quar.)—
Malting Co., Inc. (quar.)
Schmidt Brewing Co,
Fuhrmann &
4-25
25c
Ltd,
Cos.,
Froedtert Grain
Payable
Machine Co
Lazarus (F. & R.) & Co. (quar.)——
Street
6th
West
Four Wheel Drive Auto,
(quar.)
B
4-25
—
37'/2C
preferred (quar/)—.———
6% prior pfd. (quar.)
(Canada)
Co.
Four-Twelve
Class
5
6-
6-15
Class A (quar.)—
$2
____
54c
Foster Wheeler Corp.,
Foundation
Share
Name of Company
$1.07
7% preferred A
—
........j—;
Foote Bros. Gear & Machine Corp., common
60c
4-2J
$1
—
When
Langendorf United Bakeries, Inc.—
1
5-
5-15
52»/2C
(resumed)
$4.50 preferred——.:!—
Ltd,
of Rec.
Payable
Share
Name of Company
Fleet Aircraft,
Per
Holdert
When
$1.50
1
Class
,
.
"$2
A
preferred
$1.25
4-16
$2.75
4-16
3-31
3-31
2nd
7%
1st
(quar.)
77c
preferred
preferred
2nd preferred
(quar.)
pfd. (quar.)_
Co.—.
.
3IV4C
5-1
(quar.)
(quar.)
(quar.)
r
4-10 '
4-10
.
,
$1
Rice-Stix Dry Goods Co.—
77c
1st
preferred (quar.)
77c
Corp.-^*
(quar.)
pfd.
5.
j
4-16
50c
5-
1
4-16
$1.75
7-
l
6-15
$1.75
7-
1
6-15
$1.75
10-
1
9-15
$1.75
iq_
1
9-15
'
Volume
Number
161
THE COMMERCIAL &
4377
Holders
When
Per
FINANCIAL CHRONICLE
Per
When
15c
12c
Co.,.Ltd., common (quar.).-—
$15c
6%
preferred (quarJ
—r;
$$1.50
Rose's 5, 19 and 25c Stores (quar)™.™—.
25c
Royal Typewriter Co., common..._—
15c
7% preferred (quar.).——$1.75
Russek's Fifth
Avenue
(s-a)__„—
25c
5-15
6- 1
5- 1
4-16
4-16
15c
$$1.37%
4-20
5- 1
5- 1
Rockland
Light
Power
&
—_ —,——
Rolland Paper
•
Aeronautical Co. (irreg.)
1—
Saguenay-Power Co., Ltd., 5%% pfd. (quar.)
Ryan
Lawrence Flour Mills
St.
Extra
.
Sanborn, Map
San
San
(quar.)—
$$1.75
$1
—_
preferred
(quar.)_
com.
:
(quar.)
'
.
'
■
75c
75c
(s-a)—
Francisco Remedial Loan Assn.
'
Payable
0] Rec.
Semi-annual
(D.
Schulte
—
Inc.—
A.)
>
'
,
Seaboard
Oil
Delaware
of
Co.
Premier
Silbak
Oil
Sinclair
<
Common
(quar.)
•Skenandoa
•Slater
(quar.)
Corp., common
Ltd. (quar.)
Co.,
(quar.)—
preferred
6%
common
55c
(quar.)
preferred
4%%
y
—
•
Common
(quar.)
5-15
1
6%
4-15
4-15
5-15
1%
4
(quar.)
partic. preferred
6%
yy-y
Indiana Gas & Electric Co.—
Southern
(quar.)
preferred
4.8%
;
[ Southern New
England
Co..:
Railway Co.—
Southern
$1.20
$1.50 ■
———
...
Telephone
(quar.)
$1.25
5%
(quar.) —— V $1.25
Southwestern Life Insur. Co. (Dallas) (quar.)
35c
Southwestern Public Service, common (quar.)
25c
v
4%% preferred (initial)
$1.18%
! Spalding (A. G.) & Bros.j pfd. (initial s-a)—
$1.12%
Bpicer Manufacturing Corp., cpmmon.—y 75c
i
$3 preference
(quari)——
•- 75c
Spiegel. Inc., $4.50 preferred (quar.)—2.
$1.12%
/ Squibb (E. R.) & Sons, $5 pfd. series A (quar.)
$1.25
$4.25 preferred Series B (quar.)
$1.06%
Standard Brands, Inc., .$4.50 pfd. (quar.) __
$1.12%
6-15
9-15-1;;;
7-13
6- 1;
5- 1
preferred
non-cumulative preferred
$1.25
5-15
$1.25
8-15
11-15
preferred
$1.25
.
.
'
.
Standard
Products
Standard
Tube
Co.——
Westvaco Chlorine Products, $4.50 pfd. (quar.)
Whiting Corp. (quar.)
;
Co.,
Class B,
common———
Acid Works—
Standard Wholesale Phosphate &
Water,
&
Co.,
k
...
5-1
30c
4-15
4-15
$1.75
4-16
Co.,
5- 1
37%c
'
$1.50
Common
Extra
———W.-;—--.-..;
preferred (quar.)
State Street Invest. Corp. (Boston; (quar.)_
Stecher-Traung Lithograph Corp.—
Wisconsin Gas &
i
5%
,
;
•
preferred (quar.)
Canada,
of
Co.
.
common
.
'
.
'
; 6-15
6-30
12-29
$75c
5- 1
(quar.)
9-15
9-29'
$75c
5-1
Stein (A.) Si Co. (quar.) ——25c *
5-15
,-Sfcewart-*Warner .Corp. (s-a)
25c •/ 6-1
$20c
$31 %c
$37%c
$1
(quar.)
(initial quar.)
common
5%
preferred
6%
preferred (quar.)
Radio
Zenith
Zion's
Corp
Co-operative Mercantile
Suburban Electric Securities Co.—
'
$4 2nd preferred (accum.)——
—
class A preferred (quar.)-
;
-
:
Sain Ray
Drug Co., common
37%c
50c
25c
preferred (quar.)
Super Mold Corp. of California (quar.)
;Superheater Co. (quar.)
6%
Syracuse Transit Corp.,
common..
50c
-
6- 1
5-15
50c
—
Common
•
9- 1
12- 1
8-15
11-15
50c
Common
Tacony-Palmyra Bridge Co.— t
•
V: ;y .■''
5fa preferred (quar.);
—
,
$1.25 ..
Tampax, Inc.
1
10c ;;
Teck-Hughes Gold Mines, Ltd
.__
$5c
•Texamerica Oil, common (resumed)
l%c
Texas Power & Light Co., $6 pfd. (quar.)—
$1.50
7% preferred (quar.)
$1.75
Texas Water Co., 6% preferred (quar,)____
>
30c
Textron Incorporated, $2.50 pr. pref (quar.)
62%c v.
i../v
3-17
4T10*
4-30
•
.
,
v
$2.50 prior
preference
(quar.)——
62%e
$2.50
,
preference
(quar.)_______
'
62%c
prior
•
Thermatomic Carbon Co.—
$5
Thew Shovel
Gold
Toburn
.
Oil
:
&
Quarterly
Quarterly
5c
——
(quar.)
25c
25c
25c
10c
20c
-
—
Tung-Sol Lamp Works, Inc., common..—
.
;
3-24
4-25
•
4-20
4- 2
5-15
5-10
8-15'"' " '8-10
11-15
11-10
5- 1
4-13
5- 1 , 4-13
Oil
Union
Co.
—
—
(quar.)___
of California
5-15
$1.25
$1.12%
5-15
25c
preferred (quar.I
$4.50 preferred <quar.)L_
4-30
5-10
4-30
4-10
•
preferred (quar.)
preferred (accum.)
$1.25
.
$5
.
5-.1
5- 1
—31c
—
$1.25
United Corporations. Ltd.—
■
4-14
4-14
,
„
4-14
4-16
4-17
4-17
4-10
7- 2
6-16
Co.—f■'
6-15
4% non-cumulative class A
50c
9-15
U. 3. Fidelity & Guaranty Co. (Md.)_—
25c
4-16
U. S. Fire Insurance )quar.)—_—______—
50c
5- 1
.
.
5-10
8-10
3-31
4-14
(quar.)
United Merchants
5%
preferred
&
Manufacturers—
$1.25
(quar.)__
U. S. Casualty
4%
non-cumulative class A—50c
—.___«
,
U. S. Hoffman
.
5%%
.U.
S.
(quar.)_^_
(quar.)
_____
U.
S.
Pipe & Foundry
(quar.)__—-—
—
Quarterly
S.
Plywood Corp.,
United
'
States
common
(quar.)
tion
tother
40c
40c
40c
30c
■-
5- 1
5- 1
5- 1
6-20
9-20
12-20
4-20
non-cumulative
1st
——
$2
$1.25
$1.25
40c
6-11
4-16
7-16
6-11
♦♦Unamortized balance.
;
v v.; •
1943.
-
31,
with
agreements,
than dividends payable
respect
the
to
in stock).—V.
payment
161,
p.
of
of
6t: dividei\d3
1584.,/,/,, /
4-16
"!
Income Account for Years Ended Dec. 31
;
;
/
1944
;
^
1943
f
returns, ,fellowances and agents' discount™-.™
—$12,665,97? $14,105,"38
10,371,217
Cost of sales, operating and engineering expense
9,564,031
Selling expenses
1,230,685 :;;4,213,611
General and administrative expenses,—
441,516 ;U .474,688
Sales
Institution—
•
Sullivan Machinery Co.—Annual Report—
;
4-15
4-15
4-18
and
operating
less
revenue,
w ■—
Net
profit
operating
Other
$1,533,816 .$2,178. .795
925,113 ...1,518,102
profits taxes-
excess
132,573
104,076.
_______
income and
for Fed.
$2,045,
$1,429,740
______
(net)
Income
*
In
Variation
losses
for
reserve
profit
5-21
4- 2
7- 2
5-26
**
•
16,302 ./
;
'
♦
sub¬
foreign
sale
and
of
its
company's post-war produc¬
the Sylvanla
and
products,
additional
for
facilities,
post-war
to surplus
carried
Dividends—cash
and working capital for Colonial Radio Corp.
On Aug, 31,
1944, the Sylvania company entered into a regulation
VT loan agreement with two banks providing for a maximum borrow¬
ing of ,$20,000,000. based on -its investment in war production con¬
tracts.
This supersedes a regulation V agreement which had been in
effect since Jan. 14, 1943, and which had a maximum borrowing limit
of $10,000,000.
Colonial has a V loan agreement with a $10,000,000
limit.
borrowing
at
$1.75
per
25.800
$625,006 17 $686,033
326,849'
326.849
$3.35 •
$3^67
—
share per annum,
share™,.™—,
per.
including amortization of war facilities charged
1944 aggregated $268,615 and In 1943; $233,302.
Note—Depreciation,
to costs and expenses In
based
of
experience
on
and
tNotes
and
V
of
stockholders
common
of
5,908
was
on
Jan.
2,
1945
1,374.333
-'4,571,041
foreign subsid¬
603,465
excess
660.256
206,697
(net)
profits taxes
branches
Post-war refund
to
advances
130.637
assets
{(Fixed
cost.—
72,8-16
2,050,146
'2,243,355
124,005
113,699
$11,982,^07
—
—
at
57,982
$10,846,356
Sundry assets
—
———
Prepaid expense and deferred charges
Total
Liabilities—
,
.
payable
'f
-
$555,152
$453,394
—_——
355,687 - ; 512,774
♦Accrued "Fed. income and excess profits taxes1,434,224
2,562,706
Other accrued taxes
115,830
/ 139,436
Accrued commissions and wages
_———;
94,049
100,721
Other accrued liabilities-.————2,829 ;/
3,655
Reserves for post-war adjustments
200,000
200,000
Reserves for contingencies—
21,860
52,647
Reserves for self-insurance™—^—--—™—
76,997
- 61,787
Capital stock (186,774.3 shares of no par value
5,229,680
'5,229,680
Advances on customers'
Stockholders
"
-
number
The
and
700.000
1,111,381
—
—
—
in
>
$2,115,510
4,224,116
receivable—-,-—_____
accounts
JInventorles
" 1943
"
1,100,000
Government securities and tax notes
S.
Accounts
:
1944
$1,368,564
U.
iaries
been made
sales by an amount reasonably-believed refundable
for prior years.
If this provision for renegotia¬
tion should prove, inadequate,
the excess, if any, will be charged to
the reserve for post-war adjustments and other contingencies.
The final renegotiation of Sylvania's 1943 business was completed
subsequent to the release of the annual report for that year and on
the basis which was anticipated and described in that report.
reduction
by
banks
in
Renegotiation of War Contracts
renegotiation of Government contracts has
for
••■(•v.
Balance Sheet, Dec. 31
'■•■•.'•■' '•
'••
and on hand
Assets—
.
Cash
Investment
^
,
Provision
orders—„—
—_
—__^—
1944.
4,941 on Jan. 2,
compared with
Account
Income
Ended
Years
for
31
Dec.
1943
51944
■
.'
sales
♦Gross
administrative expenses,-
48,027,076
534,231
1,216,245
3,345,424
82,888,005
649,503
5,025,617
of
goods sold
general
Selling,
and
—
$101,527,015 $60,473,821
-
(other than depr. & taxes)
Depreciation and amortization—
Taxes (other than Federal taxes on income)—
1,632,030
4
Operating
Other
—__—_____
$11,331,861
surplus since Dec.
Earned
$7,350,845
______
413,030
215,404
$11,744,891
126.804
income
income
$7,566,249
129,610
338,257
143,358
5,512
4,647
15,802
198,468
6,516
166,000
16,765
9,195
—j____
Total
income
Interest
debt—
funded
on
notes payable—
—___—,
Amort, of discount and expense on funded debt
Interest on
Net
loss
securities sold.
on
x
—
account of past-service benefits,
savings and retirement plan___j;_
prior pfd. stock of Colonial Radio Corp.
Payment
on
employees'
Prov.
profits
income
Net
taxes
on
Common
♦Including
provision
notes ahd
doubtful
$2,053,235
year
paid
on
4%%
per
♦After
of
common
$1,567,936
cumul.
for
$802,890
in
1943.
1944
SAfter
in
$10,846,356 $11,982,267
—
1 After reserve for
and $265,878 in 1943.
of $162,707 in 1944 and $136,211 in
depreciation .of $4,780,306 in 1944 and $4,renegotiation
refund.
in 1944
obsolescence
reserve
for
1943.
•
Note—Renegotiation proceedings for the year 1943 have been com¬
pleted with the local price adjustment board and a refund agreed upon
which is subject to final approval by the Government.
•
'
The
accounts
income
above)
have been
adjusted to reflect the
tax,
as
the proposed settlement for 1943.
•'
•
providing maximum credit
date) the
has agreed to maintain net current assets of not less than
the
terms
$1,500,000
company
(as
upon
general basis
Under
of
1943
for
amounting to $830,000. which, after applicch^
reduced the net profit for that year by $150,7r9.
has been made for renegotiation in the 1944 accounts on the
agreed
Federal
of
a
T
loan
agreement
(under which there have been no advances to
$3,000,000.—V.
161, p.
1471.
;
"•
"}
$35,880
1,218,619
984,528
$2.04
$1.79
stock
deducting returns and allowances and provision fo,r renego¬
Government contracts.
tAfter deducting post-war refund
Note—The
1943.
486,508
Provision
4,846,500
1940_——
accounts of $295,312
for
reserve
683,200
7,226,012
and
tAfter
same
dividends
Earnings
5,
,
preferred stock
conv.
tiation
for
;
income
tax
declared
Dividends
June
normal
31,
—
refund
940,000
adjust, and other conting.__
Federal
for
surtax
and
of
income
833,322
for post-war
Provision
from
deductions
Miscellaneous
1,112,232 ■' 1,112,232
1,749,572
1,451.416
surplus
Capital
Total
4-16
5-31*
8-31*
11-30*
4-10 *
of
branches™™;
and
sidiaries
equipment
4-19
4-16*
$660,2.93
$608,703
Corporation and
with
connection
in
capital
Rubber Co.—
preferred
U. S. Sugar, $5 preferred (quar.)_
$5 preferred (quar.)
6.4% preferred A (quar.).
8%
25c
50 c
Quarterly
U.
68%c
,
credit
Net
(Excess
convertible preferred
Industrial Chemicals
{(Subject to Government
and amortization
1943.
1944 all of the capital surplus and $3,39^,904
earned surplus is restricted, under the provisions
Dec.
consolidated
Earnings
Div. on
Machinery Corp.—
Extra
in
$198,337
-
5-15
_5- 1
'5- 1
5-1
4-30
t37c
United Drug Co., $4.75 preferred (quar.)
$1.18%
United Drill & Tool, class B___
10c
Class A
(quar.I5c
United Gas Corporation
_____—
15c
A
and
1.944
5-19
'
$1.50 Class
$55,512,036/$35,744,968
11 After provision for depreciation, obsolescence
bank
United Cigar-Whelan Stores Corp.—
.
3.7674U
Investment News
Cost
$5
•
.
Electric Co. of Missouri—
Union
1
(quar.)___.
preference
80c
,
5-15
5-1
4-16
tic
Ltd.
(initial)
Mines,
Gas
4-15
the
(Continued from page 1664)
;
5- 5
5c
Universal Insurance Co.
Trinity
.
4-10
4-10
4-10
- 3-31
.
4-21
7-21
10-22
r.
f-'/' ■
6-1
5-28
50c
(resumed)
'
Trico
$2.50
Co._______^
Aircraft
Timm
.
•;
(s-a
preferred
5- 1
4-30
6- 1
4-16
5- 1
5- 1
4-16
5-. 1"
8- 1
11- 1
.
.
General
%'
4-15
4-10
4-16
4-16
4-204-3
4-16
4- 5
5- 1
^5- l;:-';
5- 1
5-1
•
,4,319,968
-•
4,557,332 /,
in
$207,872
Prov.
4-6
1
5-2
.
1
$1
$1.12%
3c
Sun Oil Co., 4 % %
,
7,275,488
'
Note—At
$Payable in Canadian funds, (tax deductible at the source.
Non¬
resident tax; 15%; resident tax, 7%.
a Less British Income tax.
6- ly/' 5- 2
25c
—_——
6,408,555
7,537,500
4- 6
.—
Extra
-
5- 1
5- 1
5- 1
4-30
.
Zeller's, Ltd.,
3-31
4-16
4-16
4-14
:
:
value________—
par
$5,456,545 in 1944 and $4,100,767 in
$$Incl. Colonial Radio Corp.
- .
12-15
.
'
preferred (quar.)
7%
4-15
5- 1
5- 1
5- 1
6- 1
4-30
$1.12%
Wisconsin Public Service Corp., common
15c
5% preferred (quar.)
$1.25
Wood (Alex & James), 1% pfd. (accum.)$$1.75
Wrigley (Wm.), Jr., Co., common
50c
Wyandotte Worsted Co. (quar.)_;
20c '
(quar,)
200,000
Electric Products Inc.
without
of
.
".
$1.25
$1.25
--—$1.25
5% preferred (quar.)
•Steel
of
4-16
Electric Co.—
preferred
4% %
•
60,080
1,458,503
other
and
adjustments
post-war
♦Represented by 1,005,000 shares in 1944 and 854,474 shares in 1843.
tAfter deducting U. S. Treasury notes, tax series C, of $9,077,846 Jn
1944 and $5,507,281 in 1943.
.(After provision for doubtful accounts
10-15
10-15
4-30
$1.50
(quar.)_T_^____^
214,838
3,928,000
56,038
Total
.
5% preferred (quar.)—__———y__™—-
.
.
760,320
254,908;;
3,770,000 v
surplus
audit.
6% preferred series .1897
•
.
Irregiflar
J,Stanley Works, 5%
:
1
.4,143,874
1,259,969
other Federal and State taxes—
stock,
♦Common
7-16
1
11-
contracts—
pensions
for
Earned
618,033
4,117,177
and
Income
on
Government
of
1,419,395
834,038
allowances-
taxes
Capital surp. of Sylvania
Wisconsin Electric Power—
•.
for
-
1,649,664
—
Federal
for
contingencies
7-16
11-
$1
_—
2,105,474
155,416
___—
payroll, royalties, interest and
renegotiation
Reserve
4-16
••;, 8- 1
$1.50'/,
Extra
contracts
4-16
1
$7,799,196
4,586,002t
items
Reserve
4-17
8-
$1
_____
Common
1
11,250
1
•
$18,000,000
Employees funds, U. S. war sav. bonds (contra)
sink, fund debentures, due June 1, 1957
4-5
5-1
$1
,
$55,512,036 $35,744,963
Provisions for
4- 5
5- 1
5-
$1.50
—
9,660
1
patent
_____________
3 V4 %
4-16
(quar.)_i_'_
(quar.)
common
_______:
for
4-10
'
v
.
4,942,901 -3,342,365
43,805,- , 49,317
payable to banks
payable
tProvision
4-2
$1.50
(quar.)
(interim).
Hosiery
Extra
preferred
of
use
2,041,761 «
655,737
\ 2,500-
and
debentures—,
—
other
3-23
4-15
■'
30c
Inc., $6 preferred
Co;
Wilson-Jones
Winsted
7%
1
$1.12%
_—____________—
for
Reserves for returns and
2-15-46 2- 1
5-
3% %
on.
—
Prov. for accrued
5^1
8- 1
11-1
4-16
50c
$25c
expense
license
and
ernment
4-10
Quarterly■
.'.75c'
4-154- 5
4-16 - 4- 5 ■'<
'
:•
/'yyy
x Less 30%
Jamaica income tax.
'
r ;
'
/
<;■••• ^
$1
* 6-14
6- 1
,"/'/■ ' V
3IV4C * 5-15:
5- ly /■;/ ^Transfer books not closed for this dividend.
25c
4-16
3-31
tPayable in U. S. funds, less 1&% Canadian non-residents' tax.
4-25
25c
5c
—
"
.
4-16
4-5
4- 5
6- 1
4-16
4-16
6- 1
4-30
4-16
4-16
6-15
5- 1
y 5- 1
6-15
$1.25
(quar.)__
Union
machinery
buildings,
(land,
and
Accounts
11-1
2-15-46 2- 1
preferred A (initial quar.)___
preferred A (quar.)
preferred A (quar.);
Wilson
-
Claims of subcontractors under terminated Gov¬
11-15
75c
Wichita
•
Notes
8-1
75c
Extra :
—
162.I44
756,200
407,774
2,000
Liabilities-
5-1
Telegraph Co., class A______
Westminster Paper Co., Ltd. (s-a l
,,
5-15
8-15
7-11
5-15
4-15
j
5-15
5%
••
assets
"Discount
♦♦Patents
3-15
75c
(quar.)__
(quar.)___
A
charges
owned subsidiaries
Goodwill
3-15
4-15
(quar.)_
Western
-
non-cumulative
-5%
*...
4-15
5%
•
4-16
3-31
:
,
$$2'
8-15
5%
in wholly
4- 2
$$1.75
75c
5%
;
5- 1
4-16
-
5-
$75c
(quar.)__r__
__
(quar.)
Pacific RR,<(initial com.)
t
equipment at cost
*
3-19
"
214,838
y
199,309
3-15
tiFixed
Total
37%c
Common
4-20
3-20
5-15
4-16
$20c
$$1.50
4-15
r
254,908
required
and deferred
expenses
Investment
4-20
$20c
(quar.)
•
(quar.)
1
banks
in
3,771,230
470,5.98
employes,
bonds,
(contra)
account
cash
of
-Prepaid
4-14
'
Common
...
i
:
5- 1
4-16
$1.50
Common
.
Common
4-16
savings
war
sions, due July 1, 1945 and 1944______
Post-war refund of excess profits taxes, est.___
4-16
75c
S.
483,703
for acquisition of debentures under sinking fund provi-
4-16
$1.12%
U.
purchase
Portion
8-11
5-15
6-
$$1.75
(quar.)__:
common
and
4,865,937
6,493,559 .,
5,884,521'
goods
materials, goods in process and supplies
value of life insur. policies™
Cash
5-15
5-15
$2.50
(s-a)
pfd. (quar.)
4%% pfd. (quar.)
Ltd.,
___—i
preferred
Western
V
Ltd.—
Southern Canada Power Co.,
Grocers,
Extra
•
3-20
3-20
4-20
-
1
8-15
652,068
^
surrender
5-15
$1.75
6%
(quar.)
preferred
conv.
Western
4-15
.
„
4- 2
$1.25
terminated Govt, contracts
(at the lower of cost or market values:
Raw
4-14
4-25
4-25
6-
5-
Manufacturing Co. (quar.)
Brewereis, Ltd. (irregular)
Western Department Stores—
.
1
1
5-10
5-10
20c
2,698,253
Govt.
Finished
9-15
37%c
$1.12%
S.
3,411,862
6,007,457
Cash
12-15
Western
_
6-1
37%c
34%c>.
37%c
10- 1
1-2-46
West Point
• 5- 1
35c
-4% %
preferred
West Penn Power Co.,
$1.18%
Greyhound Lines, Inc.; com.—
preferred Jquar.)
Southern California Edison—
5% original preferred (quar.)
5%% preferred C (quar.)—
Southeastern
•
1%
5-15
4-16 •
3-31
$1.75
3,633,156.
U.
expenditures under
receiv. under
Invent,
4-10
3-31
4-20
S. Govt, agencies
and trade acceptances
U.
notes
contracts
7-16
4-20
receivable,
accounts,
SReimbursable
4-16
4-20
$1.75
;
West Penn Electric Co.,
-
tic
25c
$1.75
40c
25c
t30c
t25c
$1.50
$1.12%
(quar.)
(quar.)
preferred (quar.)_
Washington Ry. & Elec., 5% preferred
Wellington Fire Insurance Co.____
4-19
'/'i"//
preferred
$5
4„_
„
1
8-1
$4.50
preferred
$4.50 preferred
4-16
3-31
5-1
4-10
4-25
3-23
5-15
4-14
5-10
4-30
5-10
4-30
5- 1
4-14
5- 1
' 4-10
4-30
3-31
4-20 *
3-31
Pittsburgh Water Co.—
5-
$1.75
$1
(quar.)
$8,218,5.14
3,970.5*0
3,392,135
receivable, customers and others
1
37%c
common
i
(quar.)—__—_
preferred
vonv.
cum.
South
Accounts
12- 1
37 %c
pfd.
Corp. (initial)
Washington Gas Light Co., common (quar.)_
4-10
Solar Manufacturing Corp.—
(quar.)_
(quar.)
Warren Petroleum
13%c
—:
'Smith'(-Howard) Paper Mills, Ltd.,
4-20
6-20
9-20
:
™—:
______
Rayon
(N.)
Treasury oblig, at cost and after interest
$Other
9-
1943
$12,094,070
6,570,097
5,542,822
(incl. time deposit of $25,000)
S.
Claims
Co., 7%
$$1944
Cash
6-1
;;Waltham Watch Co., 7% preferred (quar.)__
6-1
—
6- 9
9-10
7%
6-30
9-30
5-25
Electric Co., 7% pfd. (quar.)
Sioux City Gas &
5-10
;
6-15
Ltd.__——__——
Mines,
Corp.
6-15
12-15
25c
(quar.)
$1.75
12-10
preferred
Dec. 31
Sheet,
U.
6-21
$1.75
preferred
the seven months ended Dec. 31, 1944 (date
Sylvania Electric Products, Inc., May 25, 1944).
for
by
Balance
12-22
$1.75
4%%
4"2®
4-20
■
•
3-31
5-1
5- 1
6- 1
5% preferred (quar.)
—
5.% preferred (quar.)
—
'Shawinigan Water Power Co. (quar.) —
Sheep Creek Gold Mines, Ltd. (quar.)——
•Sherwin Williams (Canada), com. (interim)
7- 2
1-2-46
(quar.)
6%
Radio, Corp.
acquisition
Assets
'r
.
62%c
(quar.)
Wabash RR. Co.,
,
5- 1
Seagrave Corp.,
.
62 %c
(quar.)__;
Vulcan Detinning
$1.25
$1.25
$22c
t3c
$15q
preferred
...
...
,
preferred
6%
v
$2.50
"
$1
$1.12 %
$19c
conv.
Paper Co.,
$4.50
'
its
4-16
'
"
preferred (quar,) ——_—
§4 preferred (quar.)
(quar.)
-Scythes & Co., Ltd. (initial)
—
$2.50-$5
Scott
4-20
Virginian Railway—•
.
2-2*
5- 1
4-30
7% preferred
6-30
12-31
$2.50
10c
,,
prior preferred
7%
S'2®
'
conv. preferred (accum.) —v
above payment clears all arrears.
$2.50-$5
The
•
4-16
50c ."
Distillers Corp.
Schenley
50c
common
of
4-18
$1
Inc.___
Co.,
5- 1
4-30
(quar.)
5% prior preferred (quar.)
Vapor Car Heating Co., Inc.—
7% preferred (quar.)
.
4-16
-
5%
*-
3-31
3-31
3-31
4
Pictures
Radio
Products,
Utica Knitting Co.—
4-16
20c
25c
Universal
j Utah
3-26
4-17
5-1
5- 1
$50c
—-
(quar.)
Co.
Diego Gas & Electric Co.,
'V 5%
$35c
(quar.)_r
—
—
preferred
•7%
•
4-16
Universal Leaf Tobacco Co.
•
4-13
5-5
5-15
4-20
4- 6
4-6
4- 3
x
Name of Company
k
:
4-20
5-1
5- 1
York (quar.)
Richmond Insurance Co. of New
!
of Rec.
Colonial
Holders
Share
f
Payable
Share
Name of Company
-
1703
and
^Includes
consolidated
$538,500
Colonial
in
1943.
Radio
statement
for
$Called
for
redemption
Corp.
1944
includes
operations
of
TACA Airways—Has
New Flight Schedules—
Inauguration by TACA Airways of new and
span
the distance between Mexico City
faster flight schedules
and Panama in one
announced by John M. Lockhart, Executive VicePresident.
Similar speed-up has
been accomplished on the flight
between Havana
and Panama, according to Mr. Lockhart.
Both "of
which
day
have just
these
flights
been
make
intermediate
stops
in Central American
capitals
THE COMMERCIAL & FINANCIAL CHRONICLE
1704
British
and
between
Honduras-
flights
Service
TACA
operates
a
charter service
laneous
further
increased
in
the
future
near
four
when
New
Affiliate
first
from
Colombia
de
is
etc., $1;
deferred charges
and
profit
before
Federal
Material
Estimated
,—
$313,200
$283,800
cost
V.
1335.
p.
1
112,000
93.000
41,000
———
refund
postwar
of
United
of
Corp.,
the
Chemicals
ganic
Net
vanadium
ex¬
Cr4,100
—,—
■
.
J.
—
$170,300
share-———
$171,800
A.
$0.76
Balance
Dec. 31,
Sheet,
demand deposit and on
on
1944
!
'
Liabilities—Accounts payable, $7,603;
taxes
for
Approximately
April
15,
of
duced
$250,000;
April
3
in
1944
the
been
that
been
named
named
was
Chairman.
President,
Herman
and
President and Controller.
E.
D.
F.
Bohr
Hedges,
Other officers
of
also
Chattanooga,
of
first
stock
$50
shares;
975,000
($3
value
par
re-classify
cumulative)
with
$10
an-
the
value
par
annual
present
into
Vice
dividend
convertible
rate
of
the conversion privileges, redemption prices,
price with respect to such stock.—V. 161, p. 1471.
change
and
Water
Associated
Oil
Co.
Shares of Preferred Stock—
Pa.,
V.
also
to
rate
the
of
statement
shares
new
contemplates
will
that
be
announced
under
300,000
1945-54.
company's
funded
the
of
from
represents
debt
since
preferred
contemplated
stock
This
amounts
a
later.
shares
30,
1941.
in
Consummation
member
of
the
Eastern
Division
Treasurer,
has
been
appointed
Operating Committee,
»'■
r.
Both Messrs. Chase
and Hines have had more than 22
years of
continuous service with the
company.
Mr. Hines has also been
appointed Vice-Chairman of the Eastern
Division
Operating Committee, of which B. I. Graves is Chairman.—
V.
161,
1360.
p.
"
Tung-Sol Lamp Works Inc. (&
Subs.)—Annual Report
Calendar Years—
1944
-
for
Income
Gain
on
from
operations
treasury
140 442
12^264
$1,718,817
,
stock
common
$1,355,346
198 627
$1,202,640
____
distributed
as
compensation
Provision
Federal
for
excess
post-war
Net
post-war
income
tFederal
^Crl,238
readjustments!!!!!!!!"
tax..
tax
(after" d'ediiction
profit
123,664
1,077,950
665,117
of
amounting to $119,772)____
common
on
$359,445
$306,843
$0.77
$0.59
137,302
137,302
57,218
"
preference stock
.!!__!!"
andR$73 677 ^1943 deduction of Posfc~*ar
sisted
lore,
of
urc
Sec "22
22,
Dec.
the
refund of $119,772 in 1944
provision
for
calculation
The
exact
until
our
ment
business
during
1944
con¬
SdWhLmhde t0charged against of1944
Hthe T/easurer
the
has been
and
Federal
made
amount
of
statements
Board
and
income
before
any
and
excess
adjustment
profits
for
profits
are
United States
operations
taxes
possible
The
a
uoniracts Fnce Adjust-
completed.
Consolidated
Balance Sheet, Dec.
31, 1944
Assets—Cash, $1,280,705; U. S.
Government securities at
market), $1,500,000; accrued interest on U.
notes
bad
S.
receivable
debt
Josses
(trade),
of
Govt
cost
90,774,209
50,023,209
19,477,505
18,160,260
13,849,344
11,865,041
13,467,113
393,826
12,975,042
289,776
280,119
13,264,818
9,688,573
:
_
Provision
for
*Provision
wartime
for
9,408,454
1,277,945
1,295,619
value
of
life
J.
the
reelected.
were
'
.
'
..
-
Harley, In the employ of the company since 1920,
appointed Assistant to the Executive Vice-President.
Following the annual meeting the
Drake,
President;
B.
C.
Graves,
directors
of
in July,
1944„%
reelected
L.
J.
Executive
Vice-President;
J.
J.
Eustice, Vice-President and Treasurer,
W. Hochette, Secretary.—V.
160, p. 1234.
Jr.,
and
board
C.
Vice-President;
R.
C.
United Aircraft Corp.—Annual
Report—
Development
by
annual
The
corporation
to
type of
new
for
of
with
use
fighter
in
use
the
radical
first
in
the
engines,
an
en¬
"
and
new
a
aircraft
time
2.
jet propulsion
plane,
engines,
and further
post-war
and
new
for
April
and
turbine
gas
air-cooled engine,
helicopter for
released
turbine
gas
Navy
several
outlined
were
stockholders
projects include
radial
the
utilization
and
the
report
a
improved propeller
3,000
new
indications of
commercial
air
horsepower
adaptability of
the
transport.
While maintaining a high rate of
production of military aircraft,
engines, and propellers during 1944 each of the four divisions of United
Aircraft—-Pratt &
Whitney Aircraft, Hamilton Standard
Propellers,
Vought Aircraft and Sikorsky Aircraft—was busily
engaged in
changing over to newly developed and highly advanced
military models.
changeovers will go on in 1945 so as to continue to insure su¬
Chance
These
premacy in the performance of combat and
transport airplanes.
'
The Pratt & Whitney Double
Wasp R-2800-C, using water injection, "
in combat in the
European theatre in the
has been
Army's Republic ."
engine in any
Thunderbolt at the
highest horsepower ever used in any
in combat.
This engine has reached
quantity
the East Hartford and Kansas
City plants.
In
airplane
both
under
license
agreement,
the latter part of 1944.
put
the
same
engine
production
at
addition, Chevrolet ;
production during
into
,*
••
Recently the Army and Navy disclosed that their overseas
transport
were flying more than a million
miles every 24 hours and that
of those miles were flown
by planes equipped with Pratt & Whit-ney engines. The report points out that "This extensive and
almost ex¬
96%
r
clusive
of
use
is
Pratt
naturally
postwar
&
Whitney engines in Army and Navy air trans¬
importance in the light of contemplated
of
transport
great
operations."
v,
;C
Pratt &
Whitney Aircraft Corp. of Missouri, the corporation's
wholly
subsidiary, reached quantity production of aircraft engines dur¬
1944, shipments approximating $90,000,000.
This subsidiary is
ing
operated
to
or
under
United
Sales
of
Navy
contracts
Aircraft
United
without
Corp.
%
Aircraft
Corp.
profit
1,500,000
2,650,000
3,209,000
2,700,000
8.932,994
7,269,199
5,537,329
the
1944,
year
Earningsg
*No
per
4,666.270
4,666,270
4,666.270
$1.91
$1.56
$1.19
share
common
provision for
profits taxes
excess
Consolidated Balance
Net
a
on
Assets™"-*
Cash
in
and
on
'•■Accounts and notes receivable
Crude and refined oil products
Materials and supplies
Investments
tOil
and
lands and
21,117,408
4,502,074
4,260,655
586,916
U. S. Government securities, at cost.;
Marketable securities, at cost
$
13,196,387
hand
901.000
18,342,361
-
—
16,620,511
13,534,698
.
16,623,316
4,562,260
advances.-.—
3,138,779
636,288
594,910
81,985,932
70,007,483
86,613,582
74,955,003
_
development
_.
JOther properties
Taxes and insurance in advance_______
Other deferred charges
—1,661,990
1,537,756
843,037
788,353
______
Total
226,465,575 210,545,174
,
payable
Accrued
Motor
10,838.717
___
payrolls
and
sales
y. S. Government-.—
Reserve for property
for
and
Reserve
—
for
stock
1,490,975
wartime
contingencies—
2,500,030
1,500,000
53,700,000
42,554,000
___
$25)—
116,656,750 116,656,750
Capital surplus
3,699,117
Earned surplus
.
Total
4,773,220
718,623
992,439
„
(par
1,249,713
3,709,890
._
___________
debt
Capital
_________
148,748
reserve
in
3,699,117
28,549,649
23,826,289
226,465,575 210,545,174
for
1943.
1944,
amortization
—V.
161,
p.
doubtful
tAfter
and
receivables
reserves
of
in
$71,669,762
316.
1943.
in
1944,
tAfter
and
•
Co.
(&
.
of
depreciation
$64,345,960
in
and
1943.
••
income
from
operations
expenses
Pratt
Federal
income
duction
were
powerplant developments in
the
turbine
gas
In
addition this division is
tooling up to
Westinghouse jet propulsion engines for the
••
Whitney
of
such
assumed
The
report
established
by the
types
several
announced
as
still
were
needed
licensees.
for
the
by
the military
.
first
time
a
new
engine, the Wasp
Major, which has passed successfully an official type test at an
initial
base rating of 3,000
horsepower, the highest rating ever achieved in a
standard type test.
This engine is now
going into production at East
More than half the aircraft
engines
1944 were produced
by Pratt &
and
Kansas
1943
1942
profits
tax____
—
;
tax
income
contingencies
$13,760,660 $17,242,094 $15,595,099
793,948
844,231
694,748
10,618,536
13,323,690
12,199,065
Crl,061,854 Crl,331,093 Crl,219,907
1,061,854
1,331,093
1,219,907
$2,348,176
Dividends
i,
share
$3,074,173
$2.701,286
2,153,595
2,422,794
2,066.465
$2.18
$2.85
$2.51
City and
half
again
this
and
built
for
the
Army
Jacobs.
This
total
output
country.
In
like
great
as
in
manner
the
as
the
and Navy ir»
Whitney in the plants at East Hartford
licensees—Ford, Buick, Chevrolet, Nash-
six
its
Kelvinator, Continental
output of engines of
propeller
field
the
was
more
than
other designer in
any
Hamilton
pellers division and its
Standard
Pro¬
licensees—-Nash-Kelvinator, Frigidaire and Rem¬
country, de Havilland in England and Australia
and Canadian Propellers in
Canada continued in 1944 to
produce the
vast majority of propellers used
by the United States and its Allies.
ington
Rand
This
first
in
itself, delivered more propellers and spare parts
than
single manufacturer in the world.
At the same time
of
rotors
propeller
suitable
all
Sikorsky helicopters was undertaken and the
tooling program for the new "Super-Hydrocompleted.
This propeller is described as
being
1944
by
with
use
turbines
gas
than
any
Vought Aircraft division increased
more
than
fighters have proved
the
the
was
for
The Chance
in
pro¬
for
major phase of
more
in
this
division
other
any
duction
one-half
themselves
1943.
over
both
as
other
land
type.
its output
These
Navy
based and
of Corsairs
and
Marine
carrier
planes
Pacific and have been used
extensively on British carriers.
A
Navy statement described them as the fasters
shipboard fighting;
in
the
creased
the
world.
maintaining
production
Navy
schedules
on
a
new
the production
materially
of
with
an
entirely
of
one
on
the
one
model, the division late in 1944
fighter and at the request
newest Corsair is
being in¬
and
improved
rate
of
that of
over
Chance Vought has also
production
equipped
post-war refund
per
&
While
$13,581,059 $17,116,766 $15,488,039
179,601
125,327
107,060
j.
income
Earnings
,
during the year discontinued production of 12
types of engines and placed in production 12 models of
three new types of
engines.
This permitted concentration of produc¬
tion on the newer and
more powerful types of
engines while the pro¬
started
$26,623,926 $30,402,225 $26,750,453
13,042,867
13,285,458
11,262,413
—
income
Total
Net
new
1944.
divisions in detail the report
prohibit details, Pratt & Whitney
negotiation with the Navy experimental
under
certain
through
various
reasons
.
recent
Income
1944
Net income from operations.
Excess
for
has
years
the
models of five
Subs.)—Earnings—
Statement
Period Ended Dec. 31—
Other
division
Navy.
planes
Operating
all
of
jet propulsion fields.
manufacture a quantity of
of
$346,002 in 1944, and
depletion and depreciation reserves of $108,-'
$101,555,413
Union Tank Car
Gross
for
record
although military
and
matic"
"After
the
up
that
Aircraft
1,499,555
__
other taxes
insurance—.
Funded
344,425
506,968
taxes_
funded debt
on
Reserve for income taxes—
Reserve
excise
1,166,567
893,831
345,750
and
725,288
1,166,567
1,645,896
___________________________
other
Interest accrued
from
10,937,796
662,807
payable
fuel
The
Hartford.
Liabilities—
Accounts
net
corporation has received formal clearance from
the Navy Price Adjustment Board that
no excessive
profits were made
during 1944 and accordingly has been
discharged of any liability under
contracts
$
bank
stock after
providing for preferred dividends. This
profit of $15,396,114 for the year 1943, or $5.30
per
common
share.
Taking
1943
itself
of
profit for the year ended Dec.
31, 1944, amounted to $15,562,335
income and excess profits taxes, or at the rate of
$5.37
common
notes
1944
to
Federal
share
the Renegotiation Act
required.
Sheet, Dec. 31
either
exclusive
the
subsidiary, amounted to $743,527,683 as compared with $733,for 1943 after taking into account
price reductions applying to
the respective years.
Over 99%
of shipments were for the account of
the U. S. Government and net
profit on such sales approximated 1.7%
as compared with
approximately 1.6% in 1943.
compares with
Profit for year
Cash dividends declared
loss
or
'
for
590,668
after
1,000,000
taxes______
.
,1
.
Mr,
was
1,451,244
contingencies
income
below
$2 500*
to
.
2,885,050
13,860,939
Provision for post-war
1,651; accounts receivable
(afterresWveio;
$36,748), $1,220,420; cash surrender
87,889,159
17,988,262
,___
Interest
Less
securities
meeting, held on April 11, two new directors were.,
board:
J. E.
Harley was elected in place of J. P.
deceased, and A. E. Bristol replaces A. E. Smith, retired.
Drake, B. C. Graves, J. J, Root Jr., R. C. Eustice and C. W.
ports
$
? 17,159,294
renegotiation
and taxes cannot
be finally determined
reviewed by the War
Contracts Price Ad lust
renegotiations
1942
on
represents
$42,635,840 $40,940,619
____
depreciation of $69,816,661 in 1944 and
for U. S. Treasury tax notes of
and $13,670,000 in 1943.
allowing
planes
Years
1,820,516
——
tAfter
annual
the
Hochette
of
supplying of war material.
Profits for the vear
theresubject to provisions of the
Renegotiation Act. A volunntarv
1944
1944,
Calendar
.
-
Consolidated
P°.rtion of the company's
for
56,611
share
dividends...:
company.—•
(& Subs.)—Earnings-
2,639,491
income
$353,745 in
per
Dividfends
Common
100,000
182,660
profit
Earnings
Dr7,017
100,000
—
profits
refund
*1943
26!799
____
chemical
125,103,616 108,484,011
deple,, depre. & amort
Advances
$1,944,243
———_
inf^noM
paid'(net),.
Ir.toM
Interest
important
operating Income
127,743,107 110,304,527
sold and oper, expA 78,956,440
65,491,879
Dividend
Operating Income—"Depreciation and amortization
another
the
directors,
a
by
the
petroleum products, etc.___
operating revenues
Total
•
and
operated
of
Non-operating income
financing would reduce the preferred
300,000 shares.
The 6,397,000 shares of
common stock have a present market value
Hankinson, Vice-President
is
the
of
$18,000,000
Directors—
R.
At
elected
$24,500,000 of serial
of
H.
S. Chase,
Vice-President in charge of
Manufacturing, Eastern
Division, and Drew L. Hines, Vice-President in
charge of Transporta¬
tion
and Supplies
Department, Eastern Division, have been elected
K.
plants
The
approximately $114,346,000,
New
large
1944
V"! 1943 ;
'$
*'•'
••••'
Gross
to
company's outstanding
v
blueprints
8,397,713
8,203,132
Dr2,986,923 Dr2,936,923
(123,202 shares)
Missouri
stock
500.000
June
v.
Prov.
the
to
reduction
18,
out the desperate need for rubber
which had been selected by Rubber Reserve
processes to be used in their program.
.:
161, p. 1250.
Gross
the
conipany's present funded debt
Feb.
pointed
Cost of products
price of the present stock and the
offering price of the new.
Such s'nares of the $4.50
preferred stock as are not exchanged will be
redeemed at the call
price of $105 each and accrued dividends per
share.
due
V.,
Selling, adm. & gen. exp
call
The
W.
report
—______
427,524
30,000,000 I
owned
exchange will be on a share-foradjustment for any difference between
notes
the
and
Other
exchange offer
present preferred stockholders will have the
right to exchange their
shaies for new shares subject to
allocation on a pro rata basis, if
the
made by the alcohol process
Carbide-built, Carbide-operated
1943—just five months after the
Sales of
the
necessary.
It is expected that
share basis,
with appropriate
butadiene
Consolidated Income Account
underwritten
dividend
of
Government's
Union Oil Co. of California
by a group headed by Kuhn, Loeb & Co. and Lehman
Brothers, with the latter firm handling the underwriting books.
The
1944
tirely
by other processes.
pre¬
Company filed a <-egistration statement April 8 with the SEC cover¬
ing 300,000 shares of preferred stock, to be offered in exchange to
holders of the 500,000 shares of $4.50
preferred stock, presently out¬
standing, with the balance of 200,00 shares to be called from the
company's treasury funds.
It is expected that the offering will be
registration
produced
progress had
using Carbide's alcohol process—and
Institute plant—are in full produc¬
tion.
One, with a rated capacity of 60,000 tons of butadiene a year,
is operated for the Government by Carbide at Louisville,
Ky.
The
other, with a rated capacity of 80,000 tons a year, is located at Kobuta,
A-%V'!%
,
the
good
shares)—______
:
406,294
541,862
30,000,000
reserves for
in
projects
.
butadiene
that
fact
rubber
2,550,999
;
New Directors—
suitable
load
car
from
additional
liquidation
Registers
—
the
GR-S
the
all
a
from
y-v
Tide
tank
Committee
Two
preferred
$2.50;
despite
for
of
3,612,853
par
no
—
deducting
1943.
Root
rated capacity of 80,000 tons per year* the Institute plant
enough butadiene for 90,000 long tons of rubber in its first
year of operation.
158, p. 94,
convertible
last
approved this process,
With
special meeting in lieu of the annual meeting will be held on or
about April 25, 1945, to consider increasing the authorized convertible
preferred stock from 36,787 to 50,000 shares, and common stock from
to
made
was
made
738,654
437,053
(1,200,000
in
L.
64%
736,477
Robertson,
the
of
510,038
annuities
—
"After
;
produced
Thermoid Co.—To Increase Capitalization—
stock
all
record
Company, as one of the
A
ferred
Total
1,040,901
.___
reserves
$68,012,968
Gailey, Manager.
rubber,
of all the butadiene
Institute,
at
built
775,000
J.
«
the production of butadiene
shipped
and
Tenn.,
Chattanooga,
re-elected.—V.
were
in
made
Baruch
Presi¬
dent for the past 16 years, has declined
re-election, and that Miles C.
Kennedy of New York, a partner in the firm of Coverdale & Colpitts,
has
of
production
country
The
George H; Burgess,
75%
over
The
was
announced
A.
.
Government's original plan for producing synthetic rubber pro¬
that about one-third of the required butadiene would be made
plants employing the alcohol process pioneered in Carbide & Carbon
Chemicals Corp., which is a unit of Union Carbide & Carbon Corp.
In 1943, the first year of operation, the alcohol-process
plants pro¬
Tennessee, Alabama & Georgia Ry.—New Pres., Etc.—
on
64%
synthetic
GR-S
taxes
■■■'),'l
,.
772,484
profits taxes
Pro¬
The
plant
company
direction of
excess
surplus
Reacquired capital stock
in
$3,584,958.—V. 161, p. 774.
The
,
&
post-war contingencies—:
Reserve for
States
division.
110,472
1,174,321
________
inc.
other
for
vided
accrued taxes, other than Fed¬
$25,000
1954,
new
Carbide's process operated at over 164% rated capacity
year to attain a record production of 361,000 tons of butadiene.
note payable, 4 %, due serially in
commencing April 15, 1946, balance
deferred income (service charges),
$138,630; common stock, par value $5 per share), $1,143,800; capital
surplus, $941,792; earned surplus, $935,911; less cost of common stock
reacquired
and
held
in
treasury
(2,160
shares), Dr$10,916; total,
payable
the
under
this
of
using
income, $17,490; other accrued liabilities, $13,650; reserve
on
be
charge
;
$10,640,000
molybdenum,
United
of
2,550,999 '
124,331
—
^.
payable
Reserves for
field.
1
3,612,853
—
$42,685,840 $40,940,619%
Reserve
inor¬
1,530,559
1
—
profits taxes
excess
—
Metal
market
butadiene, the basic chemical for
produced last year for military and
essential civilian rubber requirements was made by the alcohol process
developed by this corporation, it was announced on April 2.
Plants
Federal income taxes, $147,000;
instalments
will
the
as
and
tungsten,
Vice-President
a
assumed
Butadiene Output—
making
obligations, at realizable amount, $354,765; accounts receivable, after
($1,8001 for doubtful accounts, $125,007; sundry debtors, $1,320;
inventories, $5,434; prepaid expenses, $12,347; estimated post-war re¬
fund of excess profits tax,
$4,100; fixed assets
(after reserves for
depreciation of $937,532), $1,217,658; intangibles, patents, contracts and
goodwill, $1,657,368; total, $3,584,958.
annual
has
known
be
including
industrial
elected
to
manufacture
etc.—
of
tReserve for Fed.
■
U. S. Govt,
hand, $206,959;
reserve
eral
sales
the
been
and
will
metals,
______
Liabilities—
$0.64
—
•,
Assets—Cash
Corp.
and
in
has
division
new
a
division
certain
others
and
on
of
This
of
Holladay
duction
$144,500
$0.75
profit after taxes—
per
patents,
Earned
April 6 by J. R. Van Fleet, President of
Corp., a unit of Union Carbide & Carbon
formation
Division.
compounds
______
Total
Other
Vanadium
States
Vanadium
Earnings
1,090,95S
22,705,027
Accounts
■
made
was
4,415,584
1,368,656
Goodwill,
shares), $584,895; common stock ($1 par), $317,788; capital sur¬
$456,621; earned surplus, $1,747,034; deduct treasury stock at
(common stock, 30,533% shares), Dr$188,866; total, $7,137,741.—
160,
5,120,012
4,274,268
supplies—
Post-war refund
par
$3,417,008 1
7,116,678
(net)
Deferred charges
plus,
$237,500
106,000
~
profits taxes—-
cess
and
1943
$3,926,937
securities
____a—1,529,706
♦Tank cars, plant, equipment and fixtures
20,732,410
readjustments (increased $100,000 during year), $300,000; reserves for
extraordinary bad debts (no change during year), $66,216; reserves
for general contingencies (reduced
by charge of $150 during year),
$72,461; 80 cent cumulative convertible preference stock (171,628 no
1942
surtax.-
and
1944
hand
on
Government
Investments
expiring Dec. 31, 1945), $1,500,000; accounts payable, $330,598;
payrolls, expenses, etc., $204,077; miscellaneous Federal and
taxes, $203,217; provision for Federal income and excess profits
taxes, $1,401,566; unclaimed dividends, $9,634; reserves for post-war
Announcement
1943
taxes-
taxes
8.
bank and
Capital stock
1944
profits tax
in
Accounts receivable—
161, p. 774.
Calendar Years—
Net
U.
$7,137,741.
Union Carbide & Carbon Corp.—New Unit-
Normal
Cash
accrued
TelAutograph Corp.—Annual Report-
Excess
Consolidated Balance Sheet, Dec. 31
Assets—
assets
ment
a
Brazil.—V.
and
fixed
$600;
State
to
entrance
newly organized Colombian aviation com¬
pany associated with the original TACA airlines of Central America,
now
controlled
by
U.
S.
interests,
including
Transcontinental
Western Air, Inc.
Other airlines associated with TACA are flying in
Venezuela
total,
$1,600),
amortization of $1,216,920), $1,319.-
rights,
patent
$95,097;
of
reserve
payable (due serially from Jan. 1, 1945 to July 1,
notes payable (under provisions of "VT" loan agree¬
$132,500;
1946),
Bogota to Miami.
TACA
less
Liabilities—Notes
the United States
from the South American Republic of Colombia is TACA de Colombia
which has applied to the Civil Aeronautics Board, Washington, D. C.
Routes are sought from the capital of Colombia, Bogota, to Panama
and thence through Central America to New Orleans as well as direct
seek
to
company
licenses,
prepaid expenses,
Organized—
airline
franchises,
577;
21-
DC-3 transports will be added to TACA's fleet.
recently allocated these planes by the Foreign Economic
Administration, according to Mr. Lockhart.
was
The
(cost,
investments
(after reserve for depreciation and
Douglas
passenger
TACA
Monday, April 16, 1945
$69,084; inventories, at lower of cost or market,
post-war refund of excess profits tax, $202,622; miscel¬
policies,
$1,445,485;
Miami-
are now made between
Mexico and Panama
Panama with twin-engine Lockheed transports.
be
will
addition,
insurance
'week
a
and
Havana
and
and
Havana
Pour
In
this
the earlier
undertaken
model.
an
type
of
experimental contract for the
Navy fighter which will be
type powerplants.
new
new
The Sikorsky Aircraft division
delivered two types
helicopters ordered by the Army and completed its
tracts of
earlier type.
an
in
of
experimental
production
con¬
Sikorsky helicopters, still the only such craft
quantity production in the world, have been used to train
hundreds
of pilots
and are now in initial operating use on several
fronts.
The
is
They
R-6,
an
are
also being operated
improved
in
quantity
assistance
version
of
the
fighting
by the
R-4,
contract.
now
Sikorsky
research
production
and
by
Navy
first
Nash-Kelvinator
engineering
larger types of helicopters for the
the
has
armed
and
Coast
production
under
a
Guard.
model
technical
been directed toVard
still
forces and from the
progress
would
it
made
mercial
that adaptations of such craft will have com¬
shortly after the war, but the report points out
the immediate use of the helicopter as a
presage
Ended
Years
Account;
Income
Consolidated
.
banks
in
S.
and
hand
on
1943
notes,
Treasury
Customers'
'
accounts
tax
and
Miscellaneous
accounts
Inventories
notes
7,100,000
;
: ;y
parts & service
aeronautical products,
of
$
$
743,527,684 733,590,668
notes
269,203
487,471
1,986,633
2,560,844
Royalties and other income from licensees—
•Other
income
t
-
—--—
Goodwill,
1_.
——
for
Provision
695,348
28,308,686
29,152,868
trative
expenses
Normal
and
—
profits
excess
6,644,713
15,396,114
1,300,330
7,970,103
-
$5.30
share
common
purchases, dividends from Canadian subsid¬
(After deducting $3,384,962 in 1944 and
$3,502,583 in 1943 for retirement reserve, and excluding amortization
of $749,013 in 1944 and $2,496,221 in 1943, equivalent to reimbursement
from
U.
S.
Government under emergency
plant facilities contracts.
fAfter debt retirement credit of $14,184,534 in 1944 and $4,100,184 in
discount
•Including
on
iary of $21,000 in both years.
1943
::'y ' '
V .:
".j'
Accrued
in
interest
debentures
on
8,030
256,872
Preferred
stock
for
Fed.
__
payable
profits taxes
;
est. purchase obligations,
—
income
Real
year
stock
of
with
settlement
7,386,181
19,333,000
Inc.
3,072,118
2,592,954
10,000,000
10,000,000
7,002,800
Co
7,002,800
$5)__
(par
393,275
392,305
11,317,678
12,096,456
Dr524,097
Dr529,490
«
surplus
Capital stock of
United
held by United
Drug,
Inc.,
acquired &
Drug Co
—V.
$72,734,734 $69,062,975
——
United States Pipe & Foundry
receivable, etc.—*———1,196,961
——————64,372,505
and other assets—_
4,445,341
assets
13,118,114
5,346,282
also,
sold
68,854,628
4,149,078
21,198,967
slag
dump.
1,355,425
-1,398,770
Duraloy Company.
———
(less res.)
___—
accounts
—
Deferred
charges
-———
—-
_
Total
the
__———
payable
Contract
termination
Accrued
wages,
Accrued
incentive
taxes,
for Fed. inc.
Advances
that
contracts
payable to bank—
Reserves
($5
the
t$100 par)
—
—
——
_____
_
June
Booklet—
Issues
pictorial
•
;
25,886,500
13,283,855
process
201,594,597 232,797,500
,
.
booklet which tells
the
of the
The
directors
will
in
discuss
the
the
the differ¬
of such debentures, was applied in
Income Account for Calendar Years
Net
the issuance on Dec. 27, 1944, of Idinterest at the annual rate of %7«.
amount of $1,500,000 semi-annually
1945.
after
all
discounts,
sales,
cise
sales
and
$
at
the
annual
meeting,
last
that the present 50 cents
earnings which he
termed
"abnormally high" because of war conditions.
"Immediately after the war we will have to spend from $35,000,000
week.
he
However,
will
rate
annual
gave
be
assurance
no
despite
increased,
for new and modern equipment incorporating the inven¬
developed during the war," Mr. Patterson said.
"Therefore,
to $55,000,000
tions
we
now
have approximately
conservative dividend policy is likely in
although
announced
He
share
in
that
the
value
book
of
$15,000,000 in free cash, a
of our post-war needs."
view
the
company
1944.—V. 161, p. 1584.
increased
$4
a
1944
*1943
allowances
$20,226,751 $15,595,292
Manufac. costs, sell, and adminis. exps., etc.—
18,096,694
13,423,860
Provision for depreciation and amortization
564,404
634,676
—.
$1,565,653
$1,536,756
—_—-
319,755
505,972
:
$1,885,408
and
surtaxes.;
2,716,533
,
income
Prem.
250,748
Vice-President,
Keane,
the
acquired
had
' 1,219,595
2,264,640
bonds redeem.,
prov."
before
inc.
and
Other
"
_
47,893,808
wiring.—V.
on
1472.
16, p.
Crt365,901
$1,552,609
1,113,477
share—$2.23
$1,608,671
1,391,846
* $2.31
Balance surplus
;
,
Earnings
per
.——
Consolidated
income tax of $137,040.
44,392,005
Fed,
for
for
—
banks and
•Accounts
amounts not
at
of cost
lower
—
______
1,250,000
15,487*414
1,400,000
15,902,514
14,209,273
8,420,955
13,751,172
in
Equity
earnings
plicable
45,718
39,944
88,514
8,381,011
2,604,364
13,662,658
5,208.728
3,436,229
15 832,613
14,163,554
w-
5,208,728
—.
3,517,813
5,208,728
1,758.891
$6.04
$5.09
sumlus_
dividends
dividends
Earnings
Income Statement for Calendar Years
1943
share
per
"
for
1944. $8,443,760 for 1943, $7,694,760
tAiter credit adjustment of 1943
1941.
5,431,300
67,188
158,000
adjustment of prior years' Federal taxes—
subsid. unconsolidated (at cost).
Est.
946,986
500,765
31,183
31,183
(at cost)--—-—__—
369,271
177,885
income
i——
—s
tax
'
13,698,839
_
_
13,881,103
11,333,472
85,564
operations.—;
127,250
Total
Other
Loss
!
income
amort,
exp.
interest
from
Payments
on
est.
made
in
operation
modification
1,603,641
12,844
11,457
14,557
124,824
283,958
1,386,000
—
of
leaseholds,
during
etc.,
payable
in
———
157,587
.
86,428
Federal
income
Federal
excess
tax
and
profits tax &
Canadian
income
&
Prov.
excess
possible
1,625,000
7,466,000
6,315,000
3,375,000
213,000
252,000
tion
Addition
to
conversion
general
res.
for
500,000
500,000
500,000
————.
on
pfd.
335,000
300,000
2,610,650
2,301,230
of
United
Earnings
per
•Includes
—
475,000
225,625
applic. to capital stock
Drug, Inc.—
share
—
depreciation.
2,191,530
$1.56
2,385,025
$1.70
2,301,230
$1.64
—
558,558
2,506,026
1,680,672
plants and equipment
and deferred assets—.—
—
63,708,626
1,205,177
48,619,341
779,944
—
—
—
406,627
685,182
20,725,278
16,171,233
3,000,000
contract.—10,787,686
Accrued taxes
—**
24,526,102
Other accrued liabilities—-15,225,797
13,521,758
21,023,034
8,190,764
3% %
31,725,000
payable
27n
bank
serial
under
Advance
—-
notes—..
Government
„
series A, 1958—;—_—J.__——
loans (1946-54)—i,————
bonds,
27,000,000
for
for
pensions—
reserves
—_
——
Capital
for
687,000
13,918,460
13,918.460
———
of
2,000,882
13,837,729
1944 and $139,393
the common shares and 42.6%
in
(Repre¬
1943.
of the total voting
(at cost).
fAfter reserves for depreciation and amortization of
in 1944 and $8,165,754 in 1943.
§After deducting treasury
notes at cost and accrued interest of $5,216 in 1944 and $5,120 in
708.
161, p.
surplus
corporation
been
York
18, N.
moved
Y.,
April
on
to
the
9
announced
that
Building,
55
its
executive
West
44th
offices
St.,
New
—
corporation
warehouse
$2,095,670 for 1943.
f°r
at
the
New York, N. Y.
latter address will continue
recently announced the creation
in
of an export
John Frank, former General Manager of
Omni Products Corp., New York, exporters and manufacturers' foreign
representatives.
S., W.
Antoville,
U.
S. Plywood's General Sales
Manager,
states that the export department "will develop foreign
markets
for
the
post-war era which we expect will produce sub¬
stantial demand for certain types of American plywoods and other
relpted products such as glue, plastics, teakwood, doors, etc."—V. 161,
department
i).
1122.
managed
for
for 1944 and
in 1944 and
Privately
—
Thurlow J.
Campbell, President of the corporation, has announced
that
arrangements
have
been
concluded
through
Schroder Rockefeller & Co., Inc., for the sale to the
Mutual Life Insurance Co., New York, of $1,200,000 4%
notes to mature through operation of a sinking fund in
The notes will refund outstanding bank notes
and will constitute the corporation's
like amount
a
only funded debt.
The
Its
—V.
which has been in business over 100 years, makes
paints, varnishes, and special protective coatings of all kinds.
names "Valentine" and
"Valspar" are widely known.
Prin¬
corporation,
sells
trade
cipal
also
239,881,183 221,926,376
JAfter reserves of $95,219
1943.
§After depreciation of $122,640,669
$114,429,376 in 1943.—V. 161, p. 1472.
and
from 616 West 46th St.,
company's
operation.
11,827,164
27,786,330
after reserve for doubtful accounts: $2,120,010
customers,
and
1944
of
Corp.—Moves Offices—
Weldwood
405,918
34,892,402
——
(From
15 years.
United States Plywood
5,945,355
65,109,100
17,590,920
13,398,597
$8,652,978
1943.—V.
—
Earned surplus
$93,210
$34,415,632 $36,321,502
in
5,917,432
65,109,100
17,590,920
11.827,166
($10 par)
4,500,000
067,000
debentures—.—
$145,393
982,701
405,565
Minority int. in cap. stock &c .surp. of sub. cos.
non-cumulative preferred stock ($100 par)
stock
1,650,000
1,223,737
insurance—..
——
1,650,000
bank
serial
——
—
—
Total
4,000,000
__
._
reserves
239,681,183 221,926,376
Liabilities-
\
——
The
stock of United Drug
—
Net profit
471,272
769,069
share)—___
primarily through the
convertible
$724,754
annually
—
The
2,666,530
profit
Co.
arising
of
Total
The
Divs.
$732,102
excess
surplus
have
other
3,512.295
739,324
5,682,285
1,287,461
19,018,429
——___
investments
Total
47,855,054
2,020,922
4,379,428
bonds—;
refund of excess profits taxes—.—___
properties,
General
power
150,000
possible future losses, etc
Net
SNet
13,521.758
51,604,830
16,712,648
15,376,444
33,979,394
—
—
of Canada
34,803,321
15,249,028
36,778,213
—_
manufacture——
—
Prepaid
$
2,561,042
goods
materials
Raw
1943
22,479,654
5,000,000
10,787,686
—
receivable
notes
Valspar Corp.—Notes Placed
-
losses incident to
—
and
Goods in orocess of
Reserve
(par value $20 per
surDlus
Capital
Earned
tax
contemplated post-war reconstruc,
Finished
116,138
profits
-
—
for
94,716
883,000
renego¬
——
taxes
153,662
1,376,000
surtax
tiation
stock
Common
senting 54.87%
654,548
—
receivable
notes
accounts
tOther
17,923,163
Dec.,
•After
rearrangement exp.,
etc.
and
(Accounts
117,860
and expenses
——
profits taxes——
wages
and
income
payable to banks, due $500,000
balance in Dec., 1950
for contingencies..
Notes
purchased
year—
Plant moving &
1,160,546
bonds, at cost——
Cash, receivables and other assets—
of
leases
Cost
11,408,648
1,350,332
102,856
—
.
real
14,008,353
635,038
debs
I
Treasury 27c
S.
Common
Accrued salaries,
75,176
13,784,403
_„
of
U.
*
$
;
15,371,381
Liabilities—
Accounts
31
1944
'
87c
Reserve
Int. &
Sheet, Dec.
Consolidated Balance
•
r
Cash
Reserve
$34,415,632 $36,321,502
for 1942, and $8,649,919 for
renegotiation of $1,277,890.
Assets—
2%
^
Total
$4.86
$1.82
provision for renegotiation of war contracts.
includes
Accounts
shares of Sloss-
Co...
of excess profits
refund
—_
•Including depreciation of active plants and plantations of $9,724,195
3,830,217
5,431,300
& Iron
Sheffield Steel
Federal
Other
2,483,168
3,876,174
1942
——_
from
157,500
—.
equipment and intangibles, at
cost in cash or capital stock
Prepaid expenses and deferred charges—
$
$
$
Sales, less returns, allowances, etc.. 147,793,341 138,913,407 121,997,977
•Cost of sales, sell,, gen. & adm.
expenses
—_
134,094,502 125,032,304 110,664,505
Profit
2,550,865
228,500
.
69,900
transferred
earned
to
Preferred
;
,
subs.:
inc.
Common
ap¬
minority
to
in
interest
in excess of the
market.—
or
■(Investment in 272,500 common
Post-war
'
..
$2,961,318
2,500,000
—
receivable
notes
and
Inventories,
on
(at cost)
unconsolidated (at cost)—___
subsid.
in
$Land, buildings,
(& Subs.)—Annual Report—
1944
,
$2,369,416
Government obligations
S.
Invest,
9,764,613
Net inc. for the period
Miscellaneous
3,306,373
hand
in
U.
9,131,431
4,157,977
post-war
contingencies
Post-war
1943
1944
7,442,432
—_
excess
taxes
Provision
34,047,216
Federal
foreign inc. taxes (36,146,578 <144,425,840
and
Prov.
<
7,657,087Crl 1,991,305
;
revenue
for
Supplies
31
Investment in
"
■
11, 1943.
(Alter
JAfter deducting applicable
subsidiary dissolved Oct.
•Including wholly-owned
applying Federal
——
——
Cash dividends paid
Miscellaneous investment
United Drug, Inc.
___.
______
"
35,508,778
<
adjustments—
oper.
tProvision
Dominion
exclusive
36,209,332
711,862
1,450,254
\
563,286
1,112,890
funded
on
Net
7,226
—^
,
205,560
Cr500,765
Cash
A.
34,756,675
1,452,757^
37,572,283
731,136
1,332,369
49,676,688
48,020,283
charges—
indebt..
income
on
,
profits
Assets—
April 9 announced that this com¬
manufacturing and sales rights of
the PiB Chemical Co., makers of PiB liquid insulation.
He
said that PiB is extensively used in the automotive field and
provides all-around protection as a corrosion preventatives," supple¬
mentary insulation and water-proofing agent for motor boats, tractors,
farm machinery and pumps, as well as other contrivances powered by
internal combustion engines or electric motors,
He added that other
uses are being developed for PiB, including water-proofing for exposed
L.
pany
$
36,401,087
1,171,196
48,420,638
1,256,050
45,303,750
___
722,036
„—
taxes (subsid, only in 1943)—
(Property loss,-Superior, Wis.——ww-——--Estimated adjustment of prior years' Fed. tax__
Excess
Chemicals, Inc.—Acquisition—
Industrial
S.
1941
.
,
'
taxes,
credits^
income
$2,042,728
698,700
—
____—
Normal
Balance Sheet, Dec.
U.
,'
allowances 443,077,453 422,271,343 294,014,268 315,345,328
362,028,257 341,382,934 231,170,391 245,92o,JM)0
& gen. exp.
35,745,447
32,467,770
26,442,790 34,667,854
adm.
Total
Provision for Federal taxes on income:
post-war credit of $80,320.
f
'
.
ex¬
Profit from opers.
HAlso
held
$
v
re-
,
stockholders
told
President,
1942
1943
$
goods sold
of
Sell.,
:'Y,
increasing the dividend rate on the common stock, William A. Patter¬
son,
Calendar Years
Account for
Income
&
transp.
•Cost
Net
.
less returns and
Sales,
Total
of
27,
the
-
granted
been
have
patents
Operating profit
possibility
in
mature
1944
profits
account.
property
pipe under your centrifugal
to Altos Hornos de Mexico, S. A.,
and to the Glamorgan Pipe & Foundry Co, of Lynchburg, Va.
•
The directors, at a meeting on Jan. 18, 1945, declared a dividend for
the year of $1.60 per share, payable quarterly on March 20, June 20,
Sept. 20 and Dec. 20 to stockholders of record at the close of business
on Feb, 28, May 31, Aug. 31 and Nov, 3G.
Outlays—
future
near
$1,500,000 payable in 1950.
primarily through the con¬
and representing
During the year, licenses to manufacture
Other income
United Air Lines, Inc.—Plans Large
stock
consideration received and the par value of the com¬
between the
stock issued for the conversion
reduction
its achievements in meeting
products.—V. 161, p. 1250.
some
of
needs for its
form
wartime
common
mon
corporation has issued a 20-page illustrated
brief
tremendous
into
debentures
of
ence
for • depreciation,
reserves
year 1945, 1946, 1947, 1948, 1949 and
The capital surplus of $2,000,882, arising
1,329,567
9,895,904
21,020,433
bearing
notes
will
'
11,793,796
amortization and retirement of
$28,257,215 in 1944 and $28,650,533 in 1943.
tlncludes 1,744 shares in
1944 and 2,122 shares in 1943 issuable for shares of common stocks of
United
Aircraft
&
Transport
Corp. when presented for exchange.
•After
$500,000 per year in 1943, 1944, 1945 and 1946, with $3,000,000 pay¬
in 1947.
The payment of $3,000,000, due in 1947, has been ex¬
and the balance of the original loan is now payable $500,000
30,205,767
9,895,904
bank
.
tended
version
27,318,341
refinancing, in the amount of $30,000,000, were
the banks with which the company maintains
able
per
13,283,855
of
Consolidated
Other
25,886,500
—
par)—.—.——_
this
33
report for the year
1,332,460
Paid-in surplus _
—
—.
,—
Earned surplus——————
Total
certain lands in Scottdale, Pa,, purchased originally for a
Immediately after the end of the year the company dis¬
payment in full for the company investment, mortgage and loans to the
16,414,758
1,074,250
452,754
a
1944
posed of its interest in the Duraloy Company at Scottdale and received
35,202,170
———
stock
930,784
1943, there was outstanding
and collateral trust 35/e%
of the company.
During
for
notes
turns,
necessary.
During the year the company disposed of real estate in Chattanooga,
44,537,327
—-—~
——.
is
Tenn., formerly occupied by what was called the Whiteside Street plant;
1,395,750
8,290,299
———
cumul. preferred stock
tCommon
com¬
advised by the War Contracts Price Adjustment Board
adjustment
no
sales for 1943, and for the year 1943 the
profits on
has been
48,592,567
etc.——————
compensation
& excess profits taxes
sales
on
756,039
(contra).—.
Empl. funds—War Savings bonds
of
rate
pany
of
2,955,113
2,278,494
charged against operations
were
debt
from
beginning
Int.
2,394,409
aggregating $57,584,271
banking relations through
Other
—
reductions made
for renegotiation
price
F.
originally total $5,000,000 and were payable over five years at the rate
subcontractors.
claims of
voluntary
of
not necessary to make provision
was
31,
serial
53,469,445
—
_
Employees' Fed. taxes withheld——
representing the
net income $1,277,891
the
because
and
1943,
funds
obtained
201,594,597 232,797,500
24,515,055
with $11,991,305 in 1943.
mortgage
funded
1942 it was noted that the company had
made arrangements with three banks for loans to finance the purchase
of common stock of the Sloss-Sheffield Steel & Iron Co.
These loans
Liabilities
cost-plus-fixed-fee
a
balance of $31,725,000
bonds, which constituted
$3,417,000 of these
bonds
were
retired
at
par
in
accordance with sinking fund pro¬
visions.
The
remainder, or $28,308,000, was called for redemption
and paid as of Dec. 31, 1944, together with the required call premium
of 87c, or $2,264,640 ($328,373 after taxes).
first
of
No
In
Accounts
on
of
it
taxes
Dec.
On
These
Co.—Annual Report—
company
during 1944 in. comparison with $59,193,095 for the previous year,
active
160, p. 2655.
in
1944,
The
Total
the
by
1944.
Direct
202,525
18,666,000
_____
Drug,
for
after
194,435
United Drug
United
of
Capital surplus
Earned
maturing
___.
preferred stock
Capital
ment
—
Drug Company
Reserves
$4.75
143,500
10,921,356
compares
the provision for renegotiation of war contracts,
relating to 1943 business.
This resulted from an agree¬
the Government
in 1944.
Based on
the terms of the
taxes,
118,750
operated
included in
also
is
alter
during
excess
This
$443,077,453.
amounted to more than $490,000,000.
Net
operating these separate war plants was $7,657,087,
for
portion
263,697
and
to
production
compares
unused
118,750
___
__
Canadian
&
Funded debt of United
which
310,575
dividend
est.
7,696
3,221*086
52,309,496
—
and
This
basis.
There
'
—...
13,776,549
1,616,931
;
——
The
year.
duction
with¬
maturing
930,784
30,000,000
Investments
In
$10,996,882 $10,052,601
expenses.—
Sinking fund payment.—
N.
$
42,433,297
.
Inventories
5%
accrued
obligations,
—_—_——_
756,039
55,580,500
(contract
*—
savings bonds (contra)—
Other trade accounts rec.
Notes
year
the
taxes
Treasury
Prov.
and
purchase
one
2,955,113
$
43,097,737
tax notes
Accounts receivable U. S. Govt
.
payable
est,
in
amounted
sales
net
1943, which had been the all-time high up until
These sales do not include the substantial volume of pro¬
the munitions and synthetic rubber plants owned by the
$422,271,343 ior
last
remuneration
2,278,494
Fed.
Cash—employees' war
•Fixed
Consolidated
with
S. Russell, President, on March 7, said in part as follows:
provision for renegotiation has been made for the year 1944, as
the rate of profit on sales under war contracts for 1944 was less than
Cash—employees'
Sundry
reported
was
year
1943
1944
■
•'
Cash
S.
$72,734,734 $69,062,975
*
Assets—
U.
Accounts
Real
Wholly Owned Sub.)
Comparative Balance Sheet, Dec. 31 (incl.
etc.:
._
$7,010 in 1943.
refund of $286,410 in 1944 and
and post-war
—
Liabilities—
one
dividends
per
36,937,245
15,562,336
1,294,325
7,970,103
•
dividends
Earnings
6,624,026
40,228,611
____
taxes
3,000,000
of company for the year 1944 was $15,832,613, after all
including provision for Federal and foreign income taxes, it
by F. B. Davis Jr., Chairman of the board, In the fiftythird annual report.
After allowing for $8 a share or. the preferred
stock, this was equal to $6.04 a share on the common stock.
Net for
1943 was $14,163,554, or $5.09 a common share.
income
charges,
Government
taxes:
$5.37
surtaxes
818,847
1
___
Net
829,531
13,749,517
1,026,616
—
__
trade-marks,
Reserves
income
Preferred
33,147,417
372,060
39,995,095
133,831
—
loans, etc
and
profits
Common
1,377,336
1,531,321
2,231,188
amortization-
and
—
bank
income
J Excess
2,201,303
development, selling and adminis¬
on
Federal
Net
depreciation
for
Engineering,
Interest
525,458
1,890,525
retirement losses
2,098,073
13,326,811
__
Total
4,107,194
inventories
tool and supply
expendable
Plant rearrangement and
tProvision
4,470,944
conditions
write-off of proportion of excess
to post-war
for transformation
Prov.
745,783,519 736,638,984
634,103,817 634,944,967
;
Total
Cost of sales-.
advances, etc
charges
633,833
4,979,650
1,375,813
Property accounts
Deferred
4,000,000
608,483
receivable
—
Investments and
United States Rubber Co.—Annual Report—
4,732,206
—
receivable
:
and
■
Sales
1705
1943
$14,158,045 $11,203,381
series
Marketable security and call loans—,
31
Dec.
1944
1944
Assets—
Cash
U.
plane.
"personal"
r
not
does
& FINANCIAL CHRONICLE
Consolidated Balance Sheet, Dec. 31
appear
possibilities
this
that
THE COMMERCIAL
Number 4377
kVolume 161
plants
are
in
New
York,
New
Jersey,
Michigan and Missouri.
159, p. 978.
by
Virginian Ry.—Asks Bids on $60,000,000 Bonds—
of the board, has issued a notice of an,,
of the * company's first lien and
series B, 37c. to be dated May 1, 1945,
and
to be
due May
l, 1995.
Bids must be received by 12 noon,
EWT, on April 24,' 1945, and should be directed to the company,"
G
D.
invitation
refunding
Brooke.
to
bid
Chairman
for
mortgage
$60,000,000
bonds,
*
THE COMMERCIAL & FINANCIAL CHRONICLE
1706
attention
of William
;
,
Assets1
Virginian plans to apply the proceeds from
the sale of the bonds, together with the proceeds of a bank loan of
not more than $3,000,000, and additional treasury funds as required,
to the redemption of the entire issue of its first lien and refunding
Cash
The
approval,
there
1344
of
(less
active
mines
coal
Norfolk,
will
good
65,024,273
plant—
Equalization of development..
corporation
Webster
to
of
$5
Tobacco
value.—V.
par
2
sell,, admin.
sales,
Depreciation
fr6m
Profit
Other
Total
$2,761,899
$3,243,214
$5,140,012
420,534
operations.......
income
196,782
187,116
....
.....
income
$3,182,433
Interest
$3,439,996
$5,327,128
161,665
110,215
92,461
__
Federal
<fc
State
profits
i—tfexcess
income
Federal
&
1,830,000
2,172,000
3,800.000
$1,190,768
$1,157,781
$1,434,667
taxes.....——
profit
t
—
dividends
Preferred
584,000
584,000
584,000
291,565
291,565
$315,203
$282,216
Surplus
Earnings
per
$0.98
$1.46
share
common
Consolidated
Assets—Cash
banks
in
and
Sheet, March
3,
sales
hand, $6,825,757; U. S. Government
securities (including accrued interest), $2,010,083; accounts and notes
receivable, less reserves, $8,756,856; inventories, $34,742,440; loans to
ginners and others, secured, less reserves,. $1,646,557; cash surrender
value of life Insurance,
$44,242, post-war refund of Federal excess
on
profits taxes (estimated), $224,606;
profits taxes, $800,215; deposits in
$36,045;
in
investments
and
claim for refund of Federal excess
banks in liquidation, less reserves,
advances
to
allied
and
affiliated
com¬
panies, at cost, less reserves, $337,888; miscellaneous investments, at
cost,
less
reserves,
$91,117;
land,
at
cost,
$1,410,229;
buildings,
machinery and equipment, at cost (after reserves for depreciation of
$12,668,349),
$15,595,024;
process,
patents
and
trade-marks,
net,
$99,534;
prepaid
and
expenses
$72,780,533.
deferred
charges,
$159,940;
total,
r
'Liabilities—Notes
and
payable to banks, $19,660,000; accounts payable
liabilities, $5,074,127; common dividend payable April 2,
$145,782; reserve for Federal ^income and excess profits taxes
accrued
1945,
and State income taxes, $4,265,373; reserve for
post-war adjustments,
$800,000;
$4. convertible preferred stock (300,000 shares,
no
par),
$17,813,036; common stock (600,000 shares, no par), $2,758,750; paidin
surplus,
$3,200,000;
capital
surplus, $5,805,751; earned
surplus,
$13,983,965;
convertible
preferred stock in treasury
(8,000 shares),
Dr$480,840;
common
stock
total, $72,780,533,—V. 161,
in
p.
treasury
(16,871
the
the
for
Sales
history
1943.
Sales
of
the
company's
orders
on
$788,860,000,
record
which
peacetime
amounted
to
total
sales
in
1929.
from
1944
Unfilled
Government
and
Government
the year
for
business,
re¬
1943 has not yet
Calendar
Years
'
1944
Govt,
business:
contracts.
(Subcontracts
business:
Total
sales
Total
—
.....
...
gross
...
income.—
Wages and salaries...
Payments to trustee of
$8,558,000
for
to
income,
charges
Federal
Less
oeot
excess
credits
for
15,475,100
after
r_
714,337,614 573,956,447
3,085,061
3,525,361
1,193,020
post-war
14,459,800
6,583,158
2,232,377
rS! Sr personal
8nd 8U,rtaxstock,
real
prop.,
<fc def'd maint.
C0StS~~
borrowings
C«fofn,irntinJent0frief-"r------
SSrgMPtorerv"s?!"r.!l<?:!;;
Income carried
to
surplus—
_
"n 3 in"
and
#
f
of
£l
f
Teletype
good
6,702~794
6,69~7~133
lo',0631760
5,323,626
4,123,999
4,232,323
11.764,980
10,466,166
9,866,319
285 R?4
9 979 nai
5,269,117
1 814 207
wooiooo
4;6OK
1,030 749
233 099
1 189 176
'
A
Corp,
patents
will
"ff01
13,857,704
26,602,495
26,308i969
24,760,575
39,611,895
32,308,969
12,000,000
12,000,000
ultimate
basis.
year
1945—2 Mos.—1944
....
/.et earnings per share of
cap. stock
79,660.780
dividends.
,
stock...
111,660
-
69,065,164
319,896
319,896
319,896
stock.
12,502,669
12,502.665
12,502,662
of
80,603,022
66,838,219
56,242,606
26,928,192
26,928,192
26,928,192
107,531,214
93,766,411
83,170,798
at end
year..
1
for
%-'i.
Assets—
renegotiation.
^Provision
2,901,488
Due
3,586,032
Balance
v.',' V.''v '■ '■
for
Sheet,
'.r,
plant
Dec.
and
equipment
31
'
1944
7v.r
"V
A""
■/:■
■'
"1943
1,281,282
750,000
531,282
1,903,526
*
from
less
1,488,000
its
regular
transmission
less
of
its
March
on
traffic,
carrier
common
170,175,656
2,412,050
2.662
2,107
2,893.988
L
reserves
officers
and
5,044,998
employees...
and fees, U. S. Govt, contracts..
....
;
1,562,841
392,120,225
advance billings on contrasts 43,542,110
Progress and
current
-
:
1,427,847
435,142,677
.
49,497,996
assets
391,600,567 342,622,229
Investments:
Commission
commercial
-
<
99,059,527
subsidiary companies
to
costs
Total
pro-
'ii
102,838.041
reserves
Total
Less:
tAfter
1945.
;
72,705,601
41,292,439
tl,075,926
1,221,526
in
tax
,
3,115,815
receiv.—trade,
2,563,926
682,000
$
62,300,000
:
Miscellaneous
716,016
"247,000
$
,:V
165,481.664
securities, less reserved
accounts
Advances
20
granted
Associated
Other
ap¬
Fixed
company
for authority to make experiments to
practicability of the use of radio relay circuts for the
of
»
tAfter price redactions ?'•
settlement.
96,947,666
and
Inventories,
$29,536,106 $30,061,273
1,816,470
with
view
a
traffic
upon
to
Other
In
not
consolidated.__
18,828,242
4,722,756
3,301,780
3,363,122
80,524,625
(net)
18,618,943
4,719,656
investments..
charters,
charges
Post-war
regular
a
assets
Patents,
the
companies
companies
security
Deferred
granting the applications, the Commission authorized the
to conduct certain experiments for the purpose of developing
an
ultra-high and super-high frequency wide-band beamed communi¬
cation system by means of a chain of radio
relay stations extending
from
85,897,657
franchises...
and
of
excess
profits
tax....
\
5
17,867,134
;
'
2,401,044
10,727,385
1,724,011
refund
5
2,141,202
...
assets
Total
1,374,504
radio
stations
repeater
period
of
two
Bordentown
as
in
years
which
to
waived
prohibits, the
New
Brunswick,
the
N.
construction
'
In order that the exact
Commission
and
complete
.
J.
Bank
loans—regulation V
Accounts
payable—trade
A
was
Accrued Federal
au¬
Accrued
,
operating conditions may be ascertained, the
Section
5.14
transmission
of
its
Experimental
Rules
to
2.65
be
of
used,
its
of
the
General
Commission
Rules
waived
the
requirement
;
26,264.609
etc
77,618,429
15,180,745
prof, taxes.
excess
22,453,228
83,606,332
:
...
and
other taxes,
wages,
30,000.000
17.478,545
24,200,000
6,035,662
4,133,494
2,/e%
(which
regular commercial traffic by means
experimental radio stations), thus permitting the handling of reg¬
ular telegraph traffic
by means of these stations.
However, the com¬
pany is required to maintain its regular wire circuits as a standby for
such traffic, and the rates and
charges must be the same as those
legally filed.
Also,
in
view
of
the difficulties of monitoring
the
frequencies
income
30,000,000
Accrual for renegotiation of U. S. Govt, contracts
Other current liabilities
of
Section
520,707,222 469,727,645
...
Liabilities—
Cfynden, N. J. to New York, N. Y,, with intermediate unattended
thorized.
20,000,000
20,000,000
188.638
185,672
debentures, due Nov. 1,
Other
1951
income
Deferred
—
_J
liabilities
,'i
Reserves:
operating
645.859
contingencies
contingencies
Other
7%
18,946.668
$50)
(par
'
13,950,131
12,011,681
14,609,142
i
cumulative participating prefered stock....
Common stock
•
621,475
13,170,603
.^
...
Post-war
of
and
4,962,586
,
.
General
Regulations regarding periodic
transmission of call letters.
Special permission also was granted to
operate the intermediate relay stations at Bordentown and New Bruns¬
wick without the presence of a
duly licensed radio operator.—V. 161,
p.
1361.
'■■■■ r
'
12,218,243
-
3,998,700
3,998,700
156,329,050 156,329,050
...
Earned
surplus
_______________________________
80,603,022
66,838,219
Paid-in
surplus
—_
26,928,192
26,928,192 r:
V.
7
"Revised
922.
161, p.
'
.
7;;-
and
of
Stock
&
.
April 11
on
and
common
26,602,495
26,308,969
$2.22
$1.26
renegotiation settlement.-
Being Dissolved—
L. Spray has been elected Vice-President in charge of elevator
air-conditjoning activities.
.
.
<1
It is announced that the Westinghouse Electric Elevator Co. is being
Mfg. Co.—Change in Name
dissolved
approved
preferred
stocks
voted
also
to
change
3,920,000
shares
stock
each.
There
of
stock,
common
the
and
15,680,000
Until
of
being
"Reclassification of the stock will not in any way change the prefer¬
or relative
rights of the stockholders and there will be no change
the terms of eitner the
preferred or the common," he said. , * ■
"The
reclassification
structure, surplus
1
will
not
in
result
change
any
the
in
Annual Report for Year 1944—
The
1944
annual
report stated
Wickwire
't*.
''
;
'
/
,
year
1943,
Wartime
and
for
the
stock
the
research
and
22%.
by
1944
in
the
ingenuity of these
tions
vital
to
This
the
the
represents
the
were
$8.11
share
per
on
1,100
fields
of
research
engineers
2,400
departments, supple¬
stated. "From the skill
engineering
come
it
remarkable
a
series
of
contribu¬
effort."
war
and
,
,
The
report listed the company's development of the first all-Amerijet propulsion engine; the building of 34 Power Trains, each a
complete power plant on wheels designed to rush electricity to liber¬
can
ated
and
devastated
American
absolute
war
to
gunners
altimeter
the
areas;
aim
which
directly
gunsight
into
the
which
lamp
of
rays
the
enables
the
sun;
the
the
high-speed
new
armor,
and
development
the
of
X-ray
the
geared
which
development
of
turbines' for
photographs
synthetic
bullets
resins
they
pierce
plastics.
plans,"
heavy
outlook
the
in
a
"When
our
tax
more
stockholders
period
laws,
than
to
time
more
be
of
and
40%
vitally
were
great
comes,
Company
leading
same
taxes
on
peace
for
a
merger
had
to
in a statement issued on April 3 denied
consideration for a merger with Colorado
Under Delaware laws, applicable to the company,
a two-thirds vote of stockholders would be required
sale.
or
officials'
opposition
'
denial
told.
"The
the
levels
have
also
be
work
able
deliver
if
to
to
it
the
provide
paid
greater
less
value
of
been
the
necessarily
simplification
on
taxes,
and
lower
income
Nation
manufacturing
for
Wickwire
'i
that "
•
Springfield,
from
to
Mass.,
Spencer
by-laws
developed among stockholders in that area.
The prediction was
that they would make their attitude known at the annual meet¬
ing in New York
on
stockholders
the
majority
(New
felt
and
proposed
instead
vote
York
April 24.
transactions
"Herald"
of
of
The Springfield reports said that some '
in by-laws, which would make '*
the corporation legal if ratified by a
change
two-thirds vote, is an initial
161, p. 1473.
a
step.
merger
Tribune".)—V.
Wisconsin Public Service Corp.—Weekly Output—
of
this corporation for the week ended April 7,
1945,
totaled
10,674,000
kwh., as compared with 10,280,000 kwh. for the
corresponding week last year, an increase of 3.8%.—V. 161, p. 1584.
....
Woodall Industries, Inc.—Officials Promoted—
C.
Baya-rd
Johnson,: factory
(F. W.)
1945—Month—1944
"
$
—V.
Higher—
1945—3 Mos.—1944
$
$
*
34,527,354
42,906,585
...
161. p.
161, p. 508.
Woolworth Co.—March Sales 24.3%
Sales
;
E. R. Chatham has been made Assistant
Secretary and J. J. Neuman Assistant Treasurer.—V.
Period End. Mar. 31—
*
of the Detroit plant, has been
manager
elected Second Vice-President.
$
105,899,927
94,900,353
'
1139.
'
Worthington Pump & Machinery Corp.—New Official
A.
Packard has
Mr.
Packard
and
Chairman
Allied
been
Vice-President
is
of
Products
the
elected Vice-President
of
Accounting
Institute.—V.
Wyandotte
Worsted
Earnings
benefit
°
;
reports
amendment
>■
»
the
Controller
Council
161, p.
of
the
and
Comptroller.
Institute
machinery
of
America
section
of
1473.
post-war
Company's
sincerely believe
that
a
limitation of corporate taxes
r
followed
proposed
a
*
;
made
emergency.
employment
to
affects
we
would
would
able
was
Charles
Booming wartime taxes took $31.96 for each share of stock of
Westinghouse in 1944—nearly fourtimes the amount of
profit, per
share.
The total 1944 tax bill was $102,466,050.
"The
161,
locomotives;
as
and
and
Steel Co.^—Merger Denied—
under
tells
airplane pilots the exact distance to
the
ground at
any
given point;
the magnetic torquemeter
Which
enables
pilots to accurately determine the power output of their
Spray was Vice President
Electric Elevator Co.—V.
Mr.
Westinghouse
company
Corp.
pointed out,
Electric output
than
draftsmen,"
has
the
report.
more
company's
men
in
company
in
there
than
more
of
outlined
are
of
end
scientists
mented
was
of
achievements
development
"At
$21,401,568
$26,019,097, compared with
year
outstanding.
post,
new
the
Spencer
are
Iron
contracts
increase
an
capital
&
The
were
of
this
of
proposals
Fuel
capital
$835,737,004, an all-time high. The report, issued by A. W. Robertson,
Chairman, and G. H. Bucher, President, to 48,362 stockholders, dis¬
closed that the net sales billed in 1.944 were
$26,394,287 higher than
the billings for 1943, an increase of 18%.
in
Officials
it
net sales billed last
that
Vv."
his
to
Manager
that
other accounts of the company."-
or
entity.
The work handled by this unit will
and air-conditioning divisions of the parent
The Bank of the Manhattan Co.,
New York, N. Y.. has been appointed paying agent for the payment of interest and principal at maturity
for
$24,000,000
first
mortgage .3'/4%
bonds,
series
C,
due
March 1, 1970.—V. 161, p. 1584.
are
is
elevator
v
Wheeling Steel Corp.—Paying Agent—
common
stock
corporate
election
General
outstandang 79,974 shares of preferred and 3,132,816
stock, par $50, outstanding.
split up to broaden the base of Westinghouse
ownership by making it available at a lower price, A. W. Robertson,
Chairman, explained.
shares
a
the
as
.company.,
320,000 shares of
stock, par $12J/2
$50 each, to
shares of common
par
as
continue
four-for-one stock split-up
a
and
t
and
company's name to Westinghouse Electric Corp.
The authorized capi¬
talization will be changed from 80,000 shares of preferred stock and
whole.
$2.31
520,707,222 469,727,645
:
reflect
New Vice-President—Elevator Unit
7.''.
Split-Up Approved—
stockholders
the
not
27,450,799
to
Ellis
Westinghouse Electric
7 548 394
1,009,400
..—J
Total
New Name—
Westinghouse Electric & Mfg. Co., below
1031.
p.
of
1,009,400
of
93,425,587
4,947,510
;
company
6,000,000
13,302,926
-
end
68,953,504
2,016,606
reflect renegotiation
provision
Notes
all
engines;
4on 60s
^9'370,46Lr48,52M00Cr40,J5U42
.
Surplus at
Cr3 670 501
f0,460,199
Surplus at beginning of
year.r
D i v id p n d
77,644,174
568,271
common
to
Marketable
this
transmission
2,807,295
65,910,388
63,981,909
refund Cr8,410,306
Cr6,591,039 Cr2,359,183
Provisio^for-11" taXeS™—EmmlSnHnn of J*1"?'
7~~—
Equalization
development
£lant reconversion
TnSSS deferred on
Interest expense
5,078,705
.
85,277,154
__
Amnrf
Amort,
of
12,222,975
5,195,881
1,411,764
....
Capital
92,857,316
surplus
Unbilled
Communications
the
the
3,314,742
2,556,270
purchased— 492,288.349
417,098,145 315,913 466
retirement
Net
Federal
plications
in' behalf
tax
51,586,663
preferred
Wholly-owned
The
104,196,199 248,158,948
14,029,398
16,784,920
1,892,758
profits
56,242,606
year..
-V-;;
Co.—Earnings—
liability indicated for excess profits
viding $858,000 for excess profits tax.-
Net income
payments..
or
^ e,mplTeS "I
Materials and services
122,515.831
17,710,200
layoff
payments
716,311,594 524,606,785 277,306,958
72,548,360
71,505,232
31,705,621
278,266,279 224,952,941 189,216,254
Security taxes
Other
66,838,219
of
22,314,351 ;
6,761,372
'
"No
in
pension
c„fVn,dl
Social
Provision
17,366,841
'
4,438,259 *
depreciation and amortization for 1944 amounted to $12,919,473, com-*
pared with $12,932,738 for 1943 and $9,566,903 for 1942.
ence
-
930,375,921 717,422,675 577,481,808
Employment Costs—
•-
1942
'
926,850,885
3,525,036
.
Sundry income
1945—3 Mos.—1944
7'
telephone companies
customers
1943
V
—_______
Bell
21,401,568
before
surplus
7.
469,016
Net
v
The
Statement of Consolidated Income for
Other
*
$2,978,000 $11,088,000
income-
on
preferred
quired by law, has not been started for
been concluded.
Other
26,019,097
year....
credits.
surplus
"Revised
and
4,399,000
Westinghouse Electric Corp.-
prime and subcontracts comprised 85%
and were nearly twice as great as, the
to $747,000,000
by Dec. 31.
Renegotiation of earnings resulting
Prime
Paid-in
$4,159,000
.....
taxes
See
$1,119,000,000 at the beginning of
declined
Sales—U. S.
on
5,773,000
$4,049,000
....
income
Fed.
The
or
on
$5,315,000
Operating income
Net
inc., aft. charges,
except Fed. taxes on
Forces.
the Government
total,
28,162,940
surplus
surplus
Dividends
1,467,000
Period End. February—
1945—Month—1944
'
Gross oper.
revs.
$13,894,144 $14,732,902
Report—
amounting to $926,851,000 were the greatest in the company's
and 30%
greater than the previous record of $714,338,000
to
the
Armed
32,954,083
6,934,986
Cash
successive
year, the company continued to serve as
largest producer of electronic and communications equip¬
nation's
ment
in
third
Dr$245,411;
6,718.175
.
Western Electric Co., Inc.—Annual
For
shares),
776.
7,335,251
begin.
at
earned
Dividends
1472.
P.
determine
1915
17,876,092
21,444,765
profits tax
exc.
the
adjustment
Earned
Radio Relay Stations for Experiments Authorized—
$1.04
Balance
for
surplus
603,554
$1,511,000
Western Union Telegraph
$559,102
dividends
Common
629,361
Total
291,565
—
44,382,591
contingencies..
of
post-war
142,500,000 142,500,000
27,450,799
26,602,495
value)
par
1,866,000
.
...
Net
9*574^7
67,181,754
25,618,832
income
Total
6,000,000
$2,183,000
sales
161.
10.438*75
73,352,512
•
4,758,835
!
no
1945—Month—1944
sales
Combined
—V.
71,916,140
.
Consolidated
(& Subs.)—Earnings
'45 Feb. 26, '44 Feb. 27, "43
$68,904,932 $61,138,503 $61,833,469
exps...
65,638,867
57,407,265
56,235,340
504,166
488,024
458,117
for
Net
Western Auto Supply Co.—March Sales—
Retail
99,063.194
68,089,828
508.
p.
Wholesale
Mar. 3,
-
_
of
8,861,609
9,980,118
11,966,943
etc
shares,
Period End. Mar. 31—
2655.
p.
Wesson Oil & Snowdrift Co., Inc.
sales
(6,000,000
3,826,312
109,225,164
taxes....
tax
refund
522,107,60^ 503,850,124
161,
Federal
Total
Total
provisions
the
eliminate
Inc.;
Co.,
160,
6 Months Ended—
Cost
10,273,373
maintenance
—
compensation,
stock
4,861,220
income
■Earned
relating to the issuance of preferred stock; and change the par value
of the authorized common stock from shares without par value into
shares
;
deferred
costs
war
94,201,974
7,539,327
10.253,820
profits
Prov.
April 25 will consider changing the name of this
on
before
Post-war
459,870
101,685,837
tax
Excess
101,047,173
17,776,002
17,810,752
Total
—V.
Capitalization—
The stockholders
Income
sales______._._.__
income——;
80,971,822
...
and
.1942
109,353,825
.....
deferred
Capital
Proposes Change in Name
—
Income
Earned
of
reconversion
Workmen's
$28,625,389
44,234,014
70,000,000
186,727
Surplus
Webster Eisenlohr, Inc.
and
20,000,000
Co.)—
,
Depreciation
1139.
p.
& Tel.
...—....—
Plant
$9,972,977 $10,162,503 $28,026,454
£
...
101.
Tel.
for—
Other
—V.
(Am.
income
Provision
from
other
14,131,331
106,966,183
payable
Layoff payments
Sales
Profit
Total
' '.-'"V
'
notes
Deferred
1945—3 Mos.—1944
154,738,559
13,121,931
...
payable
Demand
Walgreen Co.—March Sales Fell Off 1.5%—
1945—Month—1944
159,211,826
—-
Corp
Accrued taxes
peake & Ohio Ry. main line at Deepwater, W. Va.—V. 161, p. 1584.
Period End. Mar. 31—
-
of Teletype
.*1943
$
$
j
$
i
—.±.1835,737,004 709,342,717 487,274,551
costs— 734,051,167 615,140,743 419,184,723
——
tManufacturing & engin.
Net
Accounts
Va.,
18,096,996
522,107,604 503,850,124
Liabilities—
branches.
and
line
main
the
on
—
and
1,856,991
17,421,077
....—,
Statement
1944
.
Net sales
526,874
1,499,476
Total
Sewall-Point, located on Hampton Roads,
from
8,950,222
507,685
reserve)
.....
Plant
Patents
11,156,783
profits taxes.—17,360,528
excess
receivables
Income
Yeani Ended Dec. 3i—
6,749,950
49,950
110,939,438 108,459,640
176,869,832 186,240,293
—*—_
Prepaid charges
obtain
extends
line
and market—_—
cost,
::
Post-war refunds
proposes,
to
61
were
main
Net
at
receivables
Deferred
through Roanoke, Va., to a connection with the New
York Central System at West Deepwater, W. Va., and with the Chesa¬
in
securities
Marketable
subject to Interstate Commerce Com¬
the
authentication
and
delivery
of
$9,544,000 additional principal amount of series B bonds in exchange
lor a like principal amount of series A bonds now held in the com¬
pany's treasury.
f
Virginian's principal business is the transportation of bituminous
coal produced in the coal fields of southern West Virginia.
During
also
company
Consolidated
.
1943
• ■
18,068,346
deposits—
Total investments
mission
"
.
!($
1
Merchandise
date.
The
and
Total
and accrued interest to the redemption
amount, plus a premium of 6%
•»
1944
•*
-
the series A bonds Is to be at their principal
Redemption of
Sheet, Dec. 31
\
'■
~
-
mortgage bonds, series A, 3%%, due March l, i960, of which there are
now
outtsanding in the
bands of the public $60,044,000 principal
amount.
Balance
Consolidated
Rogers Coe, Vice-President and Treasurer, 44 Wall
Street, New York City
According to the notice,
Monday, April 16, 1945
to
as
would
at
for
income.
Federal
Co.—Earnings—
Quarter
Ended
Feb.
and
excess
28,
1945
$503,379
—
income
profits taxes
1
345.183
a
equipment
prices."
Net
the
Net
profit
$158,196
Earnings per sh. on 300,000 shs.
—V.
161, p.
1251.
com.
stk
gO 52
-
T"
Volume
Number
161
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
State and
■
ALASKA
,V::-
Offering—It
Bond
March against the
in
1944
an¬
was
recently
by
the City
Clerk that the City Council will
receive sealed bids until May 16,
for the purchase
of $150,000 bonds,
issued to finance in part the cost
of the Beaver Falls hydro-electric
Denomination $1,000.
1, 1945. Due on June
project.
Dated June
1
in
1953
inclusive.
1972
to
In¬
semi-annually.
terest payable
Town
for pay¬
30, the
Town's $34,000 6% water bonds.
Dated May 1, 1925.
These bonds
are due on May 1,
1955, and are
redeemable on May 1, 1945.
Pay¬
able at the Valley National Bank,
ment
April
on
par,
that
sources
in both
March
nine-month period
School District,
Dermott
were
the
Investment
W.
R.
of
Little
contracted
to
re¬
Stephens
Rock,
purchase
the
wliich appeared in
on
v.
1474. ;
Little
is
Contract—It
ported that T-
Ark.
Sch. Dist.,
Rock
Sale
Bond
J.
of
Little
to
purchase,.. $975,000
Rock,
re¬
Baney & Sons,
have contracted
refunding
bonds.
Union
School and
College District (P. O.
Junior
High
Phoenix), Ariz.
Bond Election—On
April 21 the
the proposed
issuance
of
$300,000
in school
building and improvement bonds.
will
pass
on
will-be submitted to the voters at
election
an
Utility
Asked—The
Traction
Federal
and
Light
Company recently asked
the Securities and Exchange Com¬
mission
for
a
year's delay of the
sale to the City
of the Tucson
of Tucson, Ariz.,
Voted—At
proved
bonds
for
the
C.
C.
Old
of
count
of
extension
an
an SEC order
the
Tucson
for di¬
utility
by Federal, C. H. Nich¬
president of Federal, esti¬
mated it would take "considerable
time for the city to carry
the procedure
leading to consum¬
purchase." He said
that the city has not yet decided
whether or not to buy the prop¬
rW■ ■
^
Early preparations for the move
to
municipal
ownership
were
made by a citizens public utilities
Show Increase-—The State's gross
collections
for
totaled
March
increase of $177,429
from collections of $2,573,524 in
the
corresponding
1944
month,
Otho
A. Cook,
commissioner of
the state revenue department, re¬
ported.
an
For the first nine months of the
from last July 1, tax
receipts
aggregated
$27,626,437,
a rise
of $579,673 from the com¬
parable period of the preceding
fiscal year, when receipts totaled
$27,028,764.
Total gross collec¬
tions for the calendar year 1944
year,
$36,330,369.
Gasoline tax
receipts increased
in March to $835,192 from $796,457 in the same 1944 month.
For
the
first nine
months of
the fis¬
cal year, gasoline revenues were
$8,283,402, up from $8,069,809 in
the
same
Auto
1943-44 months.
license
fees
up
to
$148,816 in March from $130,923,
and were $3,607,774 and $3,464,205 in the comparable part of the
fiscal years.
Yields from sales
taxes also rose in March, going to
$811,185 from $726,885, and to
$7,884,618 from $7,554,313
in the
nine-month period.
Another
source
collections
that increased in both periods was
the
liquor
severance
tax,
while
taxes showed
1,
Due
1946
"-V
to
\
2,300,000 storm drain bonds. Due
$230,000', On May 1, 1946 to
1 ifOD.
Dated
Maipl, 1945.
Denomina¬
tion $1,000.
;^5fhese are the bonds
authorized afcjhe November elec¬
tion
in
terest
1944:s
Principal
in¬
and
payapeat the City Treas¬
urer's
office,5rEach bid shall state
bidder offers par and accrued
<$5te
to
interest
of
rate
4%
delivery,
1901.
issues of the bonds
basis,
such
or
beer
and
increases
referred
no
will
on
none
or
issue
or
bid for
be
all
on
each
on
limitation,
only, but
or
the
without
issue
one
part of an
a
considered.
bidders whose bid
The
two
issues
or
result
bids
in
the
lowest total cost to the City.
The
opinion of O'Melveny & Myers, of
Los Angeles, approving the val¬
idity of said bonds will be fur¬
nished
the
successful
bidder
or
bidders at
or prior to the date of
delivery of the bonds, at the ex¬
pense of the City.
Payment for
and delivery of said bonds shall
be made in
Treasurer.
all
bids
larity
the, office of the City
The City Council re¬
right to reject any or
the
serves
to
or
waive
irregu¬
bid.
any
informality in
or
Enclose
any
certified check for
3%
principal amount of
bonds, payable to the City.
the
a
the
per
annum,
of
rates miust be in
or
V4 of l%33Not
interest
bonds
of
The
rate.
the
more
rate
than
bonds
No
interest
one
pijgniums, if
rates
or
of
Bond Tenders Invited—Clifford
Steele, City Treasurer, has an¬
nounced that the sum of $19,115.92
is available for tfee purchase and
cancellation by
tfye City, of bonds
issued under date of June 5, 1939,
for the refunding of the indebted¬
ness of Acquisition and Improve¬
ment District No. 38 of the City,
under the Refunding Assessment
Bond Act of 1935, and that sealed
proposals will be received until
May 14, at 10:30 A.M.
Los
Angeles
any, and
interest on
Bond
Bonds
election
issue
Defeated—At
date
of
delivery.
bonds of
subject to
call and re<M!ption on May
1.
1946, or on aay interest payment
date thereafter prior to maturity,
each of said
to
notice
upon
service between Ben Lomond and
Boulder Creek in the Santa Cruz
prior to the
bonds of
deemed
50
|p||jjlished
once a
week
f§$lmption date.
The
eacbQssue are to be re¬
in
i^erse order of ma¬
maturing May 1, 1955.
than
bonds of
be
the
a
series of
fo'r
One, two
bonds
called for
of
issue may
issue
redemption
■
called,
at one
may
be
at the same
for
redemption
the redemption dates here¬
par
bonds
value
principal
of
said
accrued unpaid interest to
redemption date, and
a
premium
lack
ma¬
be
State
were as
follows:
•
<
Int. Rate Rate Bid
Bidder—-
Gaynor, Clemence & Co._
0.50%
100.135
Union Securities
Corp.__
0.50
100.059
Salomon Bros.
Hutzler
0.50
&
Cooley & Co
100.032
.
100.264
0.75
New Britain, Conn.
Bond Sale—The $100,000 sewer
fund, 18th series, third issue bonds
offered for sale on April 11—v.
161, p. 1590—were awarded to
Tyler & Co. of Boston, as .70s, at
a price of 100.299, a basis of about
654%. Dated May 1, 1945. These
bonds are due $10,000 on May 1,
from 1947
to
1956 inclusive.
bidder
highest
Day,
%s, at a
bidders
was
Stoddard & Williams, for
price
100.53.
of
The
Other
cle IX
Int. Rate Price Bid
John Nuveen & Co
.70%
100.219
Equitable Securities Corp.
Scott,. Horner & Mason—
.70
.70
100.189
100.161
_____
.70
100.159
Higginson Corp.—
.70
100.146
Co._———
%
100.314
Hutzler
%
100.18
Halsey, Stuart & Co.——
Harris Tr. & Savs. Bank,
%
100.169
%
100.129
Securities
Union
New York
Lee
Barr
&
Bros.
Salomon
Corp.,
___
Bros.
&
Chicago
Estabrook
&
Putnam
First
&
Boston
and
Co.,
Co.,
%
%
jointly.
Corp.-,—
100.092
100.07
Constitution of the
of the
State, and pursuant to the appli¬
statutes of the
State and a
adopted by said
duly
and
Board
will
validated
be
by
judicial decree.
Reference to said
provision,' statutes;
and resolution may be had for. a
more detailed description of said
bonds.
The approving opinion of
Giles J. Patterson, of Jacksonville,
Constitutional
effect that such boflds
the
to
valid
and
tions
of
are
legally binding obliga¬
the
State
of Ad-
Board
ministration,
acting for and on
County and, if re¬
quested, a copy of the transcript
of the proceedings involved wii",'
be delivered to the purchasers of
said bonds, without charge.: En¬
close a certified check for 2% pf
behalf
of said
the par value of the bonds bid for,
payable to the State Board of Ad¬
ministration.
Certified checks
re¬
quire Documentary Stamp Tax at
the
rate
of
10
cents
fraction thereof.
should
if
tax
or
such tax
cover
each
such
not at¬
accompany
check
$10(J
per
Separate bank¬
able remittances to
stamps
are:
tached.
Lake Placid, Fla.
*
Purchased—A
Bonds
Bidder—
the
corporate composed of the
Governor, Comptroller and Treas¬
urer of the State, created by and
existing under Section 16: of Arti¬
follows:
were as
sold; by
body
cable
Other bids
1950 inclusive.
and
issued
Board of Administration, a
resolution
of
total
$3,000
series A bonds was pur¬
chased by the town via tepders
on
April 3, at 90.00, plus; accrued,
interest.
Lakeland Housing
Authority, Fla,
Notes Re-offered—Offering of a
new
issue of $198,000 of ,49%
Temporary Loan Notes, due May
7, 1946, of the above Authority
made April 12 by Wm. E. Pol¬
was
lock &
Co., Inc., New York City,
are priced to yield ,40%
exempt from all present
The motes
FLORIDA
and
Bond Offering—J. M; Lee, Sec¬
retary, State Board of Adminis¬
tration, will receive sealed bids
until 3 P. M. on April 24 at his
for the pur¬
$42,000 series 1945, SBA
coupon refunding
bonds.
Dated
June
1,
1945.
Denomination
$1,000.
Due June 1, 1960.
Prin¬
cipal and interest payable at the
Exchange National Bank, Tampa.
chase of
Bonds
to
multi¬
in
interest
bear
are
Federal income
Hillsborough County (P. O.
Tampa), Fla.
and 196
ples of lk, one-tenth
tieth of
against.
taxes.
Ocoee, Fla.
Refunding
B ond
Validation
Sought — Attorneys for the city
said to have filed
a
petition
recently for validation of
Refund¬
are
ing bonds in the sum of $307,According to a court order
with
the
petition, Judge
037.98.
filed
,
Frank
A.
Smith
will
conduct
a
hearing in the matter May 7, in
the judge's chambers at 10 a.m.
Okeechobee County
(P. O, Okee*
chobee), Fla.
•
• {
"
3%
Colorado Springs, Colo.
Bonds Voted—On
April 3, at the
primary election, the following
bonds amounting to $765,000 were
favorably
voted
for
post-war
work:
police
$315,000
fire
station
280,000
memorial
home
nurses
105,000
hospital
and
facilities
bonds.
65,000 comfort station bonds.
Las Animas
County School District
No. 1, Colo.
Call—The County Treas¬
calls
for payment
of the
Bond
urer
district
No.
122
11, 12 and 13, for $1QQ
each.
Pagosa Springs, Colo.
Bonds
Treasurer
his of ice
Called
calls
—
for
The
Town
payment
at
Oct. 1, the Town's 5%
water extension bonds Nos. 25 to
on
at
par,
or
at
will pay the highest price there¬
for, the Board reserving the ex¬
clusive and unqualified right to
determine who is the best bidder
and to
reject any
of said
payment
by
a
credit
bonds.
recreational
sold
when
when sold to the bidder who
interest
and
construction bonds.
one-twen¬
or
1%, at the lowest rate ob¬
tainable
bonds Nos.
after stated shall be redeemed at
the
measure
County's school
:'.\s
for
two-thirds
a
COLORADO
series of
or more
an
time.
Bonds
an
redemption
defeated
The tabulation showed 243
for the
alljof the outstanding
called
time.
Not
for
the
on
,
jority.
turity beginning with the series of
bonds
was
votes
are
for four weekae the first publica¬
tion to be "srtP least thirty days
recent
buy and extend
The
issues
act
office in Tallahassee,
a
proposed $300,000 bond
a water
a
Mountains
ojgly and for not less
ancQfficrued interest to
Another
Milford, Conn.
Bond Sale—The $75,000 school
bonds of 1945 offered April 11—
v. 161, p. 1590—were awarded to
Day, Stoddard & Williams of New
Haven, as 0.50s, at a price of
100.26, a basis of about 0.413%.
Dated
April 2,
1945
and due
$15,000 on April 2 from 1946 to
of
Santa Cruz, Calif.
of
par
issue
$8,500,000 construction and equip¬
ment bonds were favorably voted
at the election held on April 6.
rately stated. «>The bonds shall be
than
bonds.
previous law authoriz¬
town to issue smaller
a
Long
Voted —An
each issue of bonds shall be sepa¬
sold for cash
County,
ing
Beach
School District (P. O. Los
Angeles), Calif.
than two
more
issue.
one
Angeles
multiples
rateSynay be bid for the
shall bear
construction
next
Acquisition and Im¬
provement District No. 38, Cal.
and
rates, not to
payable
or
at which the bid¬
to-^uy said bonds. Said
der offers
rate
upon
of
bonds.
May
1955.
less
were
"on
3
semi-annual!^
Collections
Tax
Gross
follows:
bridge
$2,250,000
$225,(
exceed
(State of)
act sometimes
an
K.
the
Arkansas
y4%
are
the Municipal Bond Act of
Bids may be made for both
as
of
Vickers,
E.
will
recently
acts authorizing bond issues, as
follows:
$250,000
for
school
building, and $525,000 in sewerage
approved
amounts of bonds.
to
described
as
have
repeals
Los
interest
ARKANSAS
Hamden, Conn.
Legislature Approves Bond Is¬
State Legislature is
to
of¬
any,
the
premium,
will not be considered as
deductible in determining the net
interest cost.
In determining the
net interest cost, interest will be
computed to the -maturity date
from June 1, 1945.
Said bonds
suance—The
said
Interest
if any,
CONNECTICUT
1V2%
iy4%
1%
%%
V2%
May 1,1954
ducting the premium, if
fered.
date called.
2Vz%
2V4%
2%
1%%
,
27, dated Oct. 1, 1936. Denomina¬
tion $500. These bonds are due on
Oct. 1, 1946.
Interest ceases on
general obliga¬
tions of the City issued pursuant
to the charter of said City and
City Manage*'; will received sealed
bids until 11 A.M. on April 24 for
the purchase of $4,550,000 bonds,
the
were
School, by a
15, according to
president of the
Offering—S.
Daily Star.
fiscal
to
Gowdy,
committee, headed by William R.
Matthews, editor of the Arizona
$2,750,953,
classrooms
River
241
Bond
through
mation of the
March
ap¬
$40,000
School District Board of Trustees.
to
company
erty. vf'';;
of
Long Beach, Calif.
for
vestment
an
additional
for
J J
election
the voters
23
issuance
the
May 8.
on
Gas, Electric Light
March 20,1946, of the sale in com¬
pliance with
March
on
Power Co.
Asking
be held
to
Downey, Calif.
held
Extension
Sale
Premium
May 1,1947
May 1,1948
May 1,1949
May 1,1950
May 1,1951
May 1,1952
May 1,1953
bonds
for
\
Bond
Election—An / issue
of
$750,000 sewer system and treat¬
ment
plant
construction
bonds
Bonds
Tucson, Ariz.
""Public
tax
The
Date
bonds will be awarded to the bid¬
Arcadia, Calif.
ols,
Redemption
May 1,1946
Nov. 1,1946;
Nov. 1,1947;
Nov. 1,1948;
Nov. 1,1949;
Nov. 1,1950;
Nov. 1,1951;
Nov. 1,1952;
Nov. 1,1953;
Nov. 1,1954
der
Phoenix
and
percentage of the principal
as follows, to wit:
issue
CALIFORNIA
of Mesa.
voters
in the
amount
under
bonds—
23A%f refunding
p.
North
is
vQp.,
that
ported
Ark.
Contract—It
Sale
Bond
calls
Treasurer,
at
;
those
cigaret and income taxes.
161,
-
McConnell,
C.
qine months of the
in
decreases
the
report
Gilbert, Ariz.
Call—W.
and
$86,000
ARIZONA
Bond
showed
down
were
fiscal ^ear.
Included
has
,
first
current
nounced
comparably
month, but both
the
in
City Department
BOND PROPOSALS AND NEGOTIATIONS
Ji-r.i
Ketchikan, Alaska
1707
thereon
all bids. The
bonds and the
or
will
be
secured
pledge of the full faith,
and taxing power of said
Bonds
Called—Roy R. Rauler-
Clerk Board of County Com¬
missioners, has announced that all
outstanding County general re¬
funding bonds of the issue dated
June 1,
1940, maturing June 1,
1970, being Nos. 1 to 7, 30, 31, 34,
35, 106 to 109, 224 to 251, 378, and
419 to 436, for $1,000. each, No.
376 for $205.41, No. 377 for $68.36,
and No. 437 for $179.00, are called
for payment on June 1.
son,
additional pledge
Said bonds will be redeemed at
distributive share
of a tax of two cents per gallon
on sales of gasoline or other like
products of petroleum accruing
plus that accrued interest evi¬
due on June 1,
1945, upon presentation with -all
subsequent
unmatured
coupons
attached, at the Manufacturers
County, and an
of said County's
under Section
16 of Article IX of
Constitution of the
State, by
Legislature
of the State is required to con¬
tinue the levy of said tax for a
period of 50 years from Jan. 1,
1943, and is prohibited from with¬
drawing
the
proceeds
thereof
from the operation of said Consti¬
tutional provision during said pe¬
the
the terms of which the
riod.
The bonds will be awarded
to the bidder whose bid
produces
the lowest interest cost after de¬
par
denced by coupons
Trust
Co., New York City.
terest
ceases
Pinellas
sale
In¬
date called.
County (P. O. Clearwater), Fla.
Certificates
A
on
Sale
of wate!*
Considered—
system
revenue
certificates, to the amount of from
$100,000 to $130,000, is being
sidered by the Board of
sioners,
con¬
Commis¬
,
*1
THE COMMERCIAL & FINANCIAL CHRONICLE
1708
Warsaw, III.
ILLINOIS
Bloomington, Bloomington Normal
Sanitary District, III.
Bonds
Voted
An issue of
Defeated
Bonds
&
;
An issue of
—
$15,000 City Hall purchase bonds
was defeated at the election held
—
improvement
$680,0Q0
sewer
bonds
April 3.
on
favorably voted at the
on April 3.
was
/V,
'
yy Yyy: "y:--
,■
Son,
of Louisville—v.
161, |
1591—were purchased by the
said firm at a price of 102.50. Due
Nov. 1 in 1946 to 1951.
M-N.
payable
Kenton
Champaign, III.
Planned
Issuance
$35,000 street paving bonds may
be issued by the City in the near
future.
Authorized—Proceedings
Bonds
The
—
for
the
bonds
issuance
city
school
the
by
in
$165,000
of
were
Board
authorized recently by the
Trustees, for the city's
share in school construction.
of School
Election
Bond
Scheduled—City
Council is said to have agreed to
have
of May in the amount
latter part
of
$19,000,
equipment
replace antiquated
three city depart¬
to
in
Signed
authorizing the creation
bill
Authority for
of acquiring the pri¬
vately owned surface lines and
elevated system operating in the
City of Chicago was signed by
Gov. Dwight H. Green on April 12.
The Authority is empowered to
borrow up to $87,000,000 revenue
bonds ito finance the project. The
of
Metropolitan
a
the purpose
proposition must now be approved
by voters of the city.
—
J.
William
Droege,
Covington,
recently in the Kenton
suit
filed
Challenged
Circuit
Court
challenging
the
right of the Kenton County Fiscal
of
(CWT)
purchase of
until
for
noon
the
interest
1%, and each bidder shall
one interest rate. The
Board shall determine the high¬
est and best bid or bids by deter¬
y4
of
only
name
bidder or bidders
mining which
interest cost.
have bid the lowest
Principal and interest (A-O) pay¬
able at the Treasury of the Board
passed
Order
a
which
callable
became
The
petition asserts that the
county has no authority to issue
the $360,000 worth of bonds to be
the
and
the
bonds
will
be
a
debt
issue of $21,000
will
bonds
Planned
at
voters
road improvement
submitted
be
election
an
An
—
county and violates the
It is also
finance
con¬
charged that the state
officer
has
not
approved
bonds, and no court of com¬
petent jurisdiction has ruled on
the legality of the issue. An in¬
junction is asked for by Droege.
the
to
with
Kalb), III.
issue of $100,000
bonds,
will
voters
at
in the
election
Election
Bond
will
issue
'
of
voters
Bond
$$,000
bonds
will
submitted
be
the
to
voters, at an election to be held
April 17.
on
Bonds Voted—An issue of
$35,municipal airport bonds was
favorably voted at the election
held on April 3.
000
,
KENTUCKY
Galesburg, III.
Bonds Defeated
An
—
issue of
Bell
$500,000 memorial coliseum bonds
was
defeated
election
as
held
the result of the
April 3.
on
'
Heyworth, III.
Bond
Election
Planned
—
An
issue of $25,000 road improvement
bonds will be submitted to the
voters
Lee
<
at
thd
in
election
an
to
held
be
future.
near
County (P. O. Dixon), III.
Bond Election Discussed
April
25,
Board
of
decided
—
On
at a meeting of the
Supervisors, it will be
whether
not
or
issue
an
of
i4 $1,500,000
road
construction
bonds will be submitted at a bond
election.
Nameoki Twnp. (P. O. Nameoki),
9,
Bonds Voted—An issue of
$50,000 road improvement bonds will
be sold as a result of the election
held
on
Bond
Nashville, III.
Election
Planned
—
An
is^ue pf $20,000 road construction
bppds will be voted at
an
to be held in the
future.
near
election
Oregon, III.
Bond Election—An issue of
000
Street
will
at
be
!
$12,lighting system bonds
submitted
to
the
election to be held
an
voters
on
April
!|
Tftzewell County (P. O. Pekin), III.
:(Bond
Election
issue of road
will, be
at
.
an
near
Planned
—
An
improvement bonds
submitted
election
to
to
be
the
held
voters
in
the
future.
of 3%
road and bridge
refunding bonds, Series A, dated
June 1/1941, are . being advised
that a hearing will be held at the
office
of
W.
L.
Knuckles, Jr.,
State Local Finance Ofifcer, at
Frankfort, on April 21, at 10
o'clock a.m. (CWT), to consider
the petition of the County for the
These notes
1945.
due
are
Township (P. O.
Good Hope), III.
to
refund
pur¬
chased
by
the
Union
Bank, of Macomb.
bonds
authorized
election.
the
National
These
at
the
i
.
are
the
Spring
a
to Halsey, Stuart
price of 100.014, a net
cost
of
1.37769%.
Dated
Trust
M. A.
which
sue
are
callable
on
June
1,
1945.
,
Fleming County (P. O. Flemingsburg), Ky.
Bond Offering—R. S. Stokely,
County Judge will receive sealed
until
10.30
April 20
for the purchase of $90,000 214%
public school building revenue
refunding bonds. Dated May 1,
a.m.
as
follows:
on
are
$2,000
due
in
on
May
1946
to
1951; $3,000 in 1952; $2,000 in
1953; $3,000 in 1954; $2,000 in
1955; $3,000 in 1956 to 1958; $2,000
in 1959; $6,000 in
1962; $7,000 in
1963; $6,000 in 1964;' $7,000 in
1965 to 1967; $8,000 in 1968; $7,000 in 1969, and $2,000 in 1970.
The bonds will be subject to re¬
demption on 30 days' notice on
Nov.
1, 1946, and any interest
date thereafter through May
1,
1951, at 103, on Nov. 1, 1951, and
>v/Y'Y
was:
Co.,
Walton-Hamp Jones Co.,
Rives,
Co., and
Deposit Guaranty Bank &
Trust Co., Jackson,
jointly for 2V2S and
net interest
/
..
On
April 5 a bill was passed author¬
izing the Mayor and City Council
to issue not more than $3,500,000
certificates of indebtedness, for
the erection of a City Jail, and
for Court House improvements.
Bond Tenders Invited—It is
an¬
William
A.
Codd,
Commission,
that according to the terms of the
trust
indenture
dated
June
1,
1941,
securing State of Maryland
(Baltimore, Md.) Bridge Revenue
Refunding bonds, the State Roads
may
apply
purchase of bonds of this issue.
be
received
for
principal
$128,000
State
will
amount
of
any
101.
M.
interest date thereafter at
The approving opinion of J.
Mclntyre, of Flemingsburg,
be
Enclose
furnished
a
the
purchaser.
certified check for
$1,-
Price
Paid
formed that
tem
sold
be for those maturing in 1960, or
those maturing in 1959, the Com¬
mission
reserving
purchase all of
any
right to
part of those
the
offered.
revenue
on
We
—
the
are
now
$60,000
refunding
gas
in¬
sys¬
bonds
April 2 to J. J. B. Hilliard
Corp., at .367%.
Sinking Fund at the lowest price
offered, together with accrued in¬
terest.
The
-
.
Commission
further
re¬
the right to reject any and
all offers.
•
serves
'•
at
England Mutual Life Insur¬
ance Co.,
Boston, Mass.
C.
Devine
J.
Trenton,
(Registered),
following
the
&
135.12
100,000
Interest
re¬
School
bonds.
J.,
4y>%
N.
F-A.
Oct.
Due
1,
$50,000 Febi
1,
1955 and 1961.
No legal opin1945.
Due
' / •>.- y*7'Y-/. ■ yyyy\
y,ion.
To
Halsey, Stuart & Co., Blair &
Co.,
Co., of New
Otis
Inc.,
Field,
Co.,
&
Richards &
3V2%
bonds.
Oct. 1,
S.
Dickson
&
A-O.
bonds.
Mich.,
134.42
lows:
in
To
.
142.12
M-S. / Due
Y
Due
May 15,
fol-
as
in 1953, $5,000
1955, and $30,000 in 1957.
$15,000
Stuart
Halsey,
Co.,
&
Smith
Barney & Co., Blair & Co., Inc.,
Union
New
Securities
and
York,
bold's
Son
&
Corp.,
W.
Mich.,
Water,
J-D.
of
all
H.
New-
Co., of Philadel¬
phia, jointly:
Interest
Due Dec. 15, 1960.
v
,/
at 116.713
$650,000 New York, N. Y., School
Various
and
119.40
3%
bonds.
In¬
terest J-J. Due
July 1, as fol¬
$265,000 in 1956, $100,000 in 1957, $160,000 in 1958,
$100,000 in 1960, and $25,000
lows:
550,000 New York, N. Y., Cor¬
porate
Stock
(Registered),
3V2% bonds.
Interest M-N.
Due
Interest
est M-N.
Refund¬
100,000
Detroit,
Mich., Public
Utility, Street Railway, 4 y4%.
Interest M-N.
Due May 15,
1958.
;
at
130.87
50,000
Detroit,
Mich.,
Street
Railway, 4y4% bonds. Inter¬
118.71
110,000, Detroit,
4V2 % bonds.
Ross
V/\V/v:-y;y at 128.697
•
at
Mullaney,
Sept. 15, 1957.
ing, Series F, 33/4% bonds. In¬
terest F-A.
Due Feb. 1, 1953.
at
of
Co.,
Co., of Chicago, jointly:
at
1956.
Detroit,
&
$55,000 Detroit, Mich., Water 4%
120.39
Detroit, Mich., Refund¬
Series G, 3y2% bonds.
Interest A-O.
Due April 1,
at
and
1949.
ing,
160.000
S.
R.
Charlotte,
C., Paving,
Interest
Co., both of Cleve¬
land,
at 112.41
Columbia,
$10,000
in
May 1, 1954.
1965.
117.07
at
jjg 329
150,000 New York, N. Y., Cor¬
porate
Stock
(Registered),
Zl/z% bonds.
Interest M-N.
Due Nov.
1, 1952.
at
Nov.
M-N/
Due
in
1,
as
1,
V
follows: $150,000 in
as
(Registered) 3y4% bonds. In¬
126.10
follows:
122.36
50,000 New York, N. Y., Various
terest F-A. Due
at
450,000 New York, N. Y., Cor¬
porate
Stock
(Registered),
4% bonds. Interest M-N. Due
Nov.
?
bonds. Interest A-O. Due
at
1,1954.
at
3%
Oct.
120.03
Interest
:
350,000 New York, N. Y., Water,
1961, and $200,000 in 1965.
100,000 New York, N. Y., Rapid
Transit
(Registered),
3V2%
bonds.
Purchases will be made for the
Henderson, Ky.
Due July 1, as follows:
$28,000 in 1959, and $33,000 in
1960 and 1961.
No legal opinion. yy
•*'.
":'v
y >•
'■
Offer of bonds of this issue must
on
First Boston
New
of
thereafter
date
J-J.
Bank, at .329%, the First Na¬
Bank, at .34%, and the
excess
funds, in the sinking fund, to the
Tenders
Other
tional
Maryland State Roads Commission
Commission
16, 1945.
The Second Nation¬
*200,000
—
through May 1, 1956, at 102, and
interest
Nov.
on
were:
Due
Baltimore, Md.
by
ous,
York
Maryland Bridge Reve¬
nue Refunding
bonds, on or before
3 o'clock p.m., April 13.
any
bidders
at
nounced
Antonio, Tex., Vari¬
4y2%
bonds.
Interest
J-J.
Due Jan. 1, 1951.
94,000 San Antonio, Tex., Fund¬
ing, 41/2%
bonds.
Interest
awarded to the Mer¬
National Bank, of Boston,
was
due
'
-y
50,000 San
discount of .30%. These notes
a
are
al
on
M-N.
Interest
1, 1957.
at 128.91
...
April 11
132.60
bonds.
Due Nov.
$50,000
notes offered for sale
'
1.3886%.
Chief Auditor of the
at
J
issue of
Sale—An
J-J.
150,000 New York, N. Y., Cor¬
porate
Stock
(Registered),
41/2%
Note
N. Y., Cor¬
Rapid Transit
4y2%
bonds.
Due
July
1,
1967.
Millbury, Mass.
To
MARYLAND
Authorized
Interest
discount of .303%.
revenue
/
New York,
porate Stock,
(Registered),
The next highest bidder
Bank, Bos¬
a
1,
141.13
Nov.
prices paid for the $10,023,500 various blocks of State and
municipal bonds sold by the com¬
pany on April 6:
Felix M.
Certificates
235,000
9,
June
Due
.y yyy'Y
at
ported
J. S. Love
| cost of
on
bonds.
4y2%
J-D.
1965.
the First National
ton at
139.05
at
was
—
April
shows the purchasers and
Saunders &
a
Dated
Portfolio Award—The
highest bidder
iy4s, at
.298%.
of
1945. These notes are due
at
The next
coupon.
470,000 New York, N. Y., Cor¬
porate Stock, Rapid Transit
County
Co., of Brookline, at a dis¬
chants
1, 1945.
These bonds are
April 1, as follows: $246,000 maturing April 1, $21,000 in
1946 to 1948, $22,000 in 1949 to
1951, $23,000 in 1952 to 1954, $24,000 in 1955 and 1956, as IV2S, and
$104,000 maturing April 1, $25,000
in 1957, $26,000 in 1958 and 1959,
and $27,000 in 1960, as iy4s. In¬
on
portions of the is¬
800.
Bond Sale—An issue of
$33,000
road improvement bonds was
Co., at
interest
v. 161, p. 1592
to the Norfolk
—
1,
135.71
(Registered),
awarded
awarded
were
&
$350,000 court
jail bonds offered for
April 10—v. 161, p. 1591-—
on
000
Interest
April 9
March
Due
yyyy
500,000 New York, N. Y., Cor¬
porate Stock, 4y4% bonds. In¬
terest A-O. Due April 1, 1966.
$475,000 registered and $25,-
on
Higginson Corp.
M-S.
at
Brookline, Mass.
Note Sale—An issue of $500,000
revenue notes offered for sale on
was
Sale—The
approval of the issuance of bonds
will
Walnut Grove
Scheduled—The
holders
1,
.ft yi.,j.
Bond
Hearing
1945. These bonds
April 3.
sale
Interest
y,y- 1964. ",v
as
Nov. 13, 1945. Other bidders were
the
Second
National
Bank
at
7, 1945.
and
terest A-O.
County (P. O. Pineville), Ky.
bids
III.
house
134.13
at
for sale
reported in—v. 161,
p. 1592— was awarded to the Na¬
tional Shawmut Bank, of Boston,
at a rate of .335%.
Dated April
April 9
due
Beloit, Kan.
of
system
(P. O. Rayville),
M-S.
210,000 New York, N. Y., Rapid
Transit, Water and General
(Registered),
4y4%
bonds.
temporary notes offered
count
Parish
N. Y., Various
4y4%
bonds.
Due Sept.
1,
*
Braintree, Mass.
Note Sale—An issue of $200,000
April
April
issue
lighting
.street
Bond
KANSAS
An
—
Richland
on
La.
March 26.
.
Election
$15,-
election held
an
,
municipal airport construction
and equipment bonds was favor¬
ably voted at the election held on
Forreston, III.
.
ably voted at
April 3/
Oskaloosa, la.
bonds
the
to
at the election to be held on
.....
being discussed.
000
purchase'
submitted
18.
$2,500,000 bonds to be
for post-war construction is
Bonds Voted—An issue of $60,-
An
—
' softener
be
used
An
—
of
y
Findlay, III.
water
issue
held
be
to
future.
near
An
—
road construction
submitted to the
be
an
Bonds Voted—An issue of
Bond Issuance Discussed
Planned
Interest
new
a
132.21
York',
1960.
at 339%.
000 construction bonds was favor¬
Dubuque, lb.
at
(Registered),
bridges.
.337%, and Lee
LOUISIANA
Rapides Parish, Big Island School
District No. SO (P. O.
Alexandria), La.
IOWA
.
DeKalb Township (P. O. De
Election
Commissioners.
Board of School
in the;near future.
Bond
the
to
payable
for,
held
be
to
bid
wT'"
'
Construction
200,000 New
and the balance will be em¬
ployed in repairing various other
on
the
of the
check for 3%
certified
a
bonds
N.
Y.,
(Regis¬
tered), 4J/4% bonds. Interest
F-A.
Due Feb. 15, 1955.
School
span,
of
stitution of Kentucky.
Chelsea
Interest
at 126.87
New
York,
;
50,000
total, about $1,800,000 will
be used to replace the Meridian
street
drawbridge between East
and
N.
Y.,
(Regis¬
F-A. Due eb. 15, 1953.
Of the
Boston
York, '
Construction
tered), 4y4% bonds.
between
airport.
122.86
New
School
proval is necessary before the
Legislature can consider the bill.
The council gave a final reading
to
a
$2,500,000 loan order for
bridge construction and repairs.
of School Commissioners. Enclose
Cowden, III.
Election
at
The council's ap¬
1954.
and
Due
100,000
Kerrigan authoriz¬
ing the city to borrow up to $16,500,000 this year for refunding its
Sumner
traffic
tunnel
bonds,
bonds.
Interest
May 1, 1959. *
4%
M-N.
ture by Mayor
'
Bond
tered),
Authorized—
Council on March 26
resolution approving a
Court to issue bonds for the local
on
multiples of
in
be
to
City
1949
April used to erect the administration
$162,000
building on the airport in Boone
building bonds, not exceeding 5%
County.
interest.
Dated April 30,
1945.
It is alleged that the county in¬
Denomination $1,000.
Due April
tends to use the tax money of
1, as follows: $8,000 in 1946 to
the county to operate the airport
1964, and $10,000 in 1965.
Rate
20
Chicago, III.
Authority Bill
Traction
—
Commissioners will receive sealed
bids
ments.
—A
A. B. Good,
Business Director Board of School
Offering
Bond
Legality
William Dupree, Covington at¬
torney, represents Droege.
Indianapolis School City, Ind*
during the
election
bond
a
Bond
Ind.
Bridge Loan
bill recently filed in the Legisla¬
Ky.
Gary Sch. City (P. O. Gary),
.150,000 New York, N. Y., Cor¬
porate Stock, Water (Regis¬
Boston, Mass.
Tunnel Bond Bill Approved—
The
<
County (P. O. Covington),
INDIANA
election held
Bond
Interest
y.
128.80
at
MASSACHUSETTS
p.
on
Monday, April 16, 1945,
$200,000
1955, and $250,000 in 1956.
Aug. 1, 1966.
122.63
400,000 New York, N. Y., Various
(Registered) 3V2% bonds. In¬
terest
1960.
M-S.
•
Due
*
March
1,
VY
:
Volume
Number
161
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
To Glore, Forgan & Co.* of
Interest A-O. Due Oct. 1, as
follows: $50,000 in 1950, 1952
and
1953, and $100,000 in
New
York, Newman, Brown & Co.,
of New Orleans, and the Trust
Co.
.
Georgia,
of
1954. Optional at 105.
Atlanta,
of
at 136.761
jointly, at 137.692:
$200,000 Louisiana, Port Commis¬
Canal
sion
J-J.
est
1956
To
bonds.
565,000 New York, N. Y., Cor¬
porate
Stock
(Registered)
4%%
bonds.' Interest M-S.
Due March 1, 1963.
Inter¬
$50,000 July 1,
1959.
to
John
5%
Due
Nuveen
&
Chi¬
Co., of
Hutzler, of
New York, at 131.60:
To
at 133.27r
cago,
$30,000 Boston, Mass., Rapid Tran¬
sit
(Registered) 4% bonds.
Interest A-O. Due April 1,
V
&
Sons, of New
To the Commerce Union National
York, at 102.36:
$10,000 Spartanburg, S. C., Im¬
provement 4%%' bonds. In¬
terest A-O. Due Oct. 1, 1945.
3^% bonds. Interest J-J. Due
Jan.
To
1, 1953, optional 1946.
Chase National
the
Bank, of
To B. J. Van Ingen &
New York:
at 115.C85
;
$87,500 Asheville, N. C., General
Refunding
l%-4 %
bonds
Interest J-J. Due July 1, 1976.
No
at 130.265
Chicago, 111., Refunding,
Series 1935, 4V2% bonds. In¬
terest J-J. Due July 1, 1954.
No legal opinion.
;
To
Harris
the
Trust
&
at 106.48
*
$150,000 Chicago, 111., Playground,
r
Bridge and Street Improve4%
ment
>
bonds. Interest J-J.
Due Jan.
-
1, 1947.
,
,
,
at 109.836
To
and
-v-':
Union
the
Smith,
New
Securities
Barney
&
Corp.,
Co.,
of
York, jointly, at 136.6449:
$100,000 Detroit,
Mich., Public
Utility, Water, 4% bonds. In-
$250,000 Detroit, Mich., Refunding
Series G, 2J/2% bonds.
In¬
terest J-D. Due $125,000 June
1, 1959 and 1960.
To Barr Bros. & Co. of New York:
$25,000 Newark, N. J., School 4%
•
County Indep. Sch. Dist.
(P. O. Akeley), Minn.
No. 20
Bonds Voted—An issue of
struction
bonds
voted
the
at
was
con¬
favorably
election
held
on
March 29.
Krain, Minn.
Offering — Edward Vos,
Bond
Town
Clerk
will
P.M.
1
receive
sealed
April 16 for
on
MONTANA
bridge coupon bonds, not exceed¬
ing 3% interest.
Dated May 1,
1945.
Denomination $1,000 and
$500.
These bends are due $2,500 on July 1, 1947 to 1964.
No
split rate bidding.
Principal and
interest (J-J) payable at a place
designated by the purchaser. No
bids for less than par will be con¬
All
bids
be
must
un¬
conditional
except as to legality
which may be made conditional
upon the legal opinion of Dorsey,
Colman, Barker, Scott & Barber,
of Minneapolis, whose opinion as
to legality must be accepted by
the
purchaser.
Bidders are re¬
quested to use bid forms fur¬
nished
the Town.
Delivery
days after the sale, or
by
within
30
thereafter
option of the
Enclose a certified
purchaser.
check
the
at
for
$900,
payable
the
to
Town Treasurer.
Little Falls
Independent Sch. Dist.,
Minn.
Bond
Offering
:■
.
April 24 for the
a.m. on
pur¬
chase of
law, the succesful bidder may, at
his election, be relieved of his ob¬
ligations under the contract to
purchase the bonds and in such
case the deposit
accompanying his
awarded to
the
of
Trust & Savings Association, of
v
.San Francisco and First Nation-
tii al Bank, of Portland, jointly:
,
,
at 126.838
$50,000 Metropolitan Water Dis¬
trict,
Cal.,
Colorado
River
Water Works Refunding 4^4%
-
Works 4%%
J-J.
1, 1954.
at 128.713
4
50,000 Metropolitan Water District., Cal.,
Colorado
River
X
Water Works Refunding ^ %
bonds. Interest F-A. Due Feb.
1, 1955,
,
*
at 131.697
U—V
200,000 Metropolitan Water Dis¬
trict,
Cal.,
Water Works
Colorado
River
Refunding 4J/4%
bonds. Interest F-A. Due Feb.
r I
at 136.107
100,000 Metropolitan Water Dis¬
trict,
Cal.,
Colorado
River
Water Works Refunding 4% %
bonds. Interest F-A. Due Feb.
,
i
"
■£,. 1, 1961.
at 138.922
Metropolitan Water District,
Cal.,
Colorado
River
«•''*>* Water Works Refunding 4%%
bonds. Interest F-A. Due Feb.
chants
Bank, and the
National Bank,
both of
Second
Boston.
The
only
other
bidder
the First National Bank at
was
a
Worcester County
(P. O. Worces¬
ter), Mass.
Note
count
&
L.
Robbins &
of
.26%
Co., at
and
*
a
235,000
Association,
of San Francisco, at 114.15:
$250,000 Port of New York Authority, N. Y., General Re"y.1 funding, Fifth Series (Regis\;vf tered), 3J/4% bonds. Interest
A-O. Due Aug. 15, 1977, op¬
tuberculosis
hospital
maintenance notes.
Other
bidders
the
were
$12,000 Fort Worth, Tex., Street
Improvement Series 45, 4^2%
Interest
bonds.
M-S.
Due
"
Sept.
1, 1949. No legal opin¬
ion.
„
at
.30%; Worcester County Trust
Co., at .31%, and the Second Na¬
tional Bank, of Boston, at .325%.
MICHIGAN
Clawson, Mich.
Interest Coupons Payable—The
April 1, 1945 interest coupons on
refunding bonds will now be paid
presentation.
temporarily
Payment was
delayed but funds
have since been made available to
port.
•
.
,
MINNESOTA
Jan.
bonds. Interest J-J. Due
.
{
1
1955.
50,000 Fort Worth, Tex., Street
Improvement and Extension
5% bonds. Interest J-J. Due
V '
.
$25,000 Jan. 1, 1956 and 1957.
To the Equitable Securities
at 106.933
Corp.
Belt
Railroad
4%
Holding, Minn.
Bond Sale —The $35,000 semi¬
annual road and bridge bonds of¬
fered for sale on April 9—v. 161,
p.
1592—were awarded
Dain
&
1.10s, at
$250,000 New Orleans, La., Pub¬
lic
opinion of Dorsey, Colman, Bar¬
ker, Scott & Barber,
of Min¬
neapolis, whose opinion must be
accepted by the purchaser. These
bonds.
of
held
election
of
vote
280
March
on
81.
to
not
made
be
authorized
bonds
the
are
at
20,
the
by
a
Delivery will
later
than
June
1,
thereafter at the option
of the purchaser. Enclose a certi¬
fied check for $6,000, payable to
1945,
or
District Treasurer.
the
Loretto, Minn.
Bonds Voted—An issue of $25,-
bonds will be
the result of the election
water
000
sold
as
held
on
St.
system
April 3.
Park, Indep. Sch. Dist.,
Louis
$45,-
000 construction bonds was favor¬
ably voted at the election held on
March 26.
MISSISSIPPI
$16,000 1%% semi-annual refund¬
ing bonds has been approved as to
legality by Charles & Trauer-
to J.
about
held
May
1,
$1,000. These
—
were
the
to
following
$1,000,000
voted:
bonds
memorial
building
bonds
bonds will be
connection with
i gram.
opinion of Hawkins, Delqfield
Longfellow, of New. York,', .that
the
bonds
Election
Planned
An
—
issue of $10,000 water plant bonds
will be submitted to the voters
at
election
an
near
to
be
Twp. School Dist. P. O.
Trenton), N. J,
held in
the
$15,purchase im¬
provement and equipment ,bonds
was favorably voted at
the/election held on March 27.
,
000
,
Refunding
Elections
—
An issue
of
$480,000 memorial stadium bonds
will be submitted to the voters at
the
primary election to be held
April 17. Following this elec¬
tion, another will be held on May
15 to present to the voters an is¬
sue
of $1,250,000 municipal air¬
port improvement bonds.
on
Sidney, Neb.
Bond
Sale
Arranged
—
An is¬
of $250,000 2% electric system
refunding bonds will be
purchased by the KirkpatrickPettis Co., of Omaha. These bonds
are due on Nov.
1, 1948 to 1959.
revenue
Interest M-N.
Valley, Neb.
Bonds
Voted—An issue of $5,-
000 memorial
park bonds was fa¬
vorably voted as a result of the
election April 3.
NEW
HAMPSHIRE
Berlin, N. H.
Note
porary
field
Jersey City, N.J.
Omaha, Neb.
sue
athletic
future.
Bond
and legally
Bonds Voted—An issue of
Herman, Neb.
Bond
valid
are
binding obligations of the Town¬
ship., .Enclose a certified, check
for $1,500, payable to the
.Town¬
ship.
sale—The
$100,000
tem¬
notes offered for sale on
10—v. 161, p. 1593—were
'
Planned—Th6
State
Funding Commission reviewed on
April 3, a copy of an ordinance
authorizing the isuance of.$5,567,500 refunding bonds. Action was
deferred pending the receipt of
appropriate financial information.
Mount
Ephraim, N. Jin ■ .
Details—The $110,refunding bonds of¬
fered for sale recently and 1 pur¬
chased by the State Sinking Fund ^
Commission
as
reported., in
v.
161, p. 1364, bear interest at
3% and are dated Jan. 1, 1945.
These bonds mature Sept. 1, as
follows: $3,000 in 1946 and 1947;
$4,000 in 1948 to 1962; $5,000 in
1963 to 1967; $6,000 in 1968
,to
1969, and $7,000 in 1970.'
1
Bond
000
-
Sale
general
North
Bond
Bergen, Township* ft.,J,.
Refunding
Considered—
At the April 2 meeting of the Lo¬
cal
Government
Commission^ a
proposal looking toward the issu¬
ance of $5,534,000 refunding bonds
of the Township was
considered.
We quote from minutes as fbUpy/s:
"Certified copy of an ordinance
authorizing the issuance of $#,534,000 refunding bonds of 0945
Bank, of Boston, at a discount of
of the Township of North feergen
.45%. Dated May 1, 1945. These
was submitted together with com¬
notes are due on June 30.. 1945.
munication bearing date of March
28, 1945, signed by Mr. Tuthill
NEW JERSEY
Ketcham for Stifel, Nicolaus >&
Delaware Twp. (P. O. Ellisburg),
Co., Inc. Mr. Wainwright, speak¬
N. J.
ing for the Township, submitted
Bond Offering — Margaret E. a
schedule outlining in some de¬
Wermuth, Township Clerk, will tail what was proposed in con¬
April
awarded to the National Shawmut
.
receive
sealed
bids
until
8
p.m.
April 23 for the pur¬
$75,000 sewer assessment
coupon or registered bonds, not
exceeding 6% interest.
(EWT)
on
chase of
Dated May
1, 1945. Denomina¬
$1,000. Due May 1, as fol¬
lows: $8,000 in 1947 to 1951, and
$7,000 in 1952 to 1956. The bonds
maturing in 1952 to 1956, are sub¬
tion
ject to prior redemption in the in¬
verse order of their numbers, at
the
option of the Township, on
May 1, 1947, or any interest pay¬
date thereafter, at par and
accrued interest.
Rate of interest
or
in multiples of one-eighth
one-twentieth of 1% and must
be
be the same for all of the bonds.
Principal
and
interest
(M-N)
payable at the First Camden Na¬
tional Bank & Trust Co., Cam¬
nection
with
indicated
the
that he
refunding.;^ He
acting for
that the ^ plan
submitting was
based
on
certain
requiremehts,
laid down by the Township Com¬
missioners.
These requirements
in substance were: first, that*-the
refunding agents would absorb all
of
the premium
on
the bonds
presently
outstanding;
second,
that they would absorb all issuing
expenses and would also agreettto
purchase all of the refunding
bonds about to be issued,
Mr.
Ketcham
which
he
"The
was
and
was
hew
coupon rates
bonds
would
parry
of.%l/z%, 23/4%,;ajrid
3% based on maturities, would ,pe
callable
in
their
entirety
and
would mature in substantially the
same manner
in which the
bonds mature.
At the
presfent
time,
Wainwright pointed outr that
proposed plan would provide
an over-all saving of some $927,700,
legally acceptable proposal. Each and would produce a substantial
proposal must state the amount annual debt service reduction. The
bid for the bonds, which shall not new bonds will be callable at par
be less than $75,000 nor more than beginning
with the year 1946,
consid¬
specifes a rate higher
than the lowest rate stated in any
the
when
same
Mr.
ered which
No proposal will be
be
sold to
the bidder com¬
plying with the terms of the sale
and offering to
accept for the
amount
bid
the
least
amount
$480,000 may be called with
amounts called until
additional
1955, after which time all of the
Mr. Wain¬
bonds will be callable.
wright in discussing the proposal
indicated that the average inter¬
est
cost would be
approximately
bonds,
the
bonds
to
be 2.7702%."
'
accepted being those first matur¬
The matter was taken under
ing, and if two or more bidders advisement and will be further
offer to
accept the same least considered at an early date^
of
$300,000 park bond
250,000 sewer bonds
150,000 streets, alleys and high¬
way bonds
90,000 public library bonds
50,000
garbage
disposal plant
war
&
Hamilton
will
At the election
April 3
amounting
These
Dated
Issued
on
bonds
Co., of Minneapolis, as
price of 100.248, a basis
1.07%.
These bonds
1, 1945.
Clayton, Mo.
Bonds
160,000
1945. Denomination
Louis.
MISSOURI
M.
a
St.
the
$76,000. As between legally ac¬
ceptable proposals specifying the
same rate of interest, the bonds
Water Valley, Miss.
Legality Approved—An issue of
of
bid will be returned. The success¬
ful bidder will be furnished with
NEBRASKA
den.
dated April
State
101.333.
to
Bonds Voted—An issue of
are
Montana
Big Sandy,
Citizens
Bank
of
Montana,
of
Havre,
Piper, Jaffray & Hopwood, of
Minneapolis, and Associates, as
l%s, at a price of 101.361. Dated
July 1, 1945.
The next highest
bidder was J. M. Dain & Co., and
Associates for l%s, at a price of
of
ment
t
the paying agent, according to re¬
40,000 Fort Worth, Tex., Water
and Sewer Improvement 5%
ex¬
conditional
Mer¬
chants National Bank, of'Boston,
on
all
and
unconditional
be
to legality, which may be
upon the legal
as
made
nicht
York, at 130.607:
?V
cept
bonds
printed
Minn.
tional at 104.
To Goldman, Sachs & Co., of New
f
the
must
'
$8,000 hospital funding notes, Act
Savings
nish
bids
dis¬
described
are
follows:
as
terest date. The District will fur¬
Sale—The
$243,000 notes
dated April 16, 1945 and due April
12, 1946, offered for sale on April
10—v. 161, p. 1592—was awarded
To the Bank of America National
.
National
of 1932.
1, 1964.
Trust
$250,000
temporary notes was awarded on
April 6, at a discount of .31%, as
follows: $125,000 each to the Mer¬
to H.
50,000
:f>
Note Sale—An issue of
rate of .325%.
1, 1957.
V:
Interest
Winthrop, Mass.
,
■hi.
bonds.
Due
July 2, as follows:
$10,000 in 1951, $25,000 in
1953, and $15,000 in 1955. No
legal opinion.
bonds. Interest F-A. Due Feb.
1
syndicate composed
a
Northern
Bank,
.
To>,the Bank of America National
type and
ing bonds offered for sale on
April 6 — V. 161, p. 927 — were
—
tion will receive sealed bids until
same
character shall be taxable by the
terms of any Federal income tkx
County High Sch. Dist.
No. 2 (P. O. Big Sandy), Mont.
Bond Sale-^-The $180,000 build¬
;;
Stanley P.
Wielinski, Clerk Board of Educa¬
11.30
from bonds of the
Chouteau
the purchase of $45,000 road and
$300,000 building bonds,
not exceeding 2% interest. Dated
1, 1966.
•'
April 1, 1945. Denomination $1,~
To Boettcher & Co., Denver:
000. Due April 1, as follows: $10,$110,000
Phoenix,
Ariz., Water 000 in 1947 to 1952, $15,000 in
Works, 3%% bonds. Interest 1953 to 1958, and $25,000 in 1959
J-J. Due July 2, as follows:
to 1964. ' All bonds maturing on
;
$65,000 in 1956, and $45,000 April 1, 1961, and, thereafter are
in 1957.
No legal opinion.
subject to prepayment on April
50,000
Phoenix,
Ariz.,
Water 1, 1948, and on any subsequent in¬
bonds. Interest J-D. Due June
terest M-N. Due May 1, 1961.
/
Hubbard
Pittsburgh:
bonds. Interest J-J. Due Jan.
1,1948.
1951.
To the Mellon Securities Corp., of
Chicago, 111., Bridge, 4%
50,000
1985, optional
2,
1,000,000 Detroit, Mich., Refund¬
ing Series G, 2 3A% bonds. In¬
terest J-D. Due June 1, as
follows: $300,000 in 1955, and
$700,000 in 1956.
35,000 Detroit, Mich., Water Sup¬
ply 4% bonds. Interest M-N.
Due May 15, 1956.
Savings
May 1, as fol¬
1956, and
on
$3,000 in 1957 to 1961. The second
highest bidder was Piper, Jaffray
& Hop wood, and Caldwell-Phil¬
lips Co., jointly, for lVss, at a
price of 100.006.
sidered.
of New York:
$250,000 California, San Francisco
Harbor
Improvement
4%
bonds. Interest J-J. Due July
Bank, of Chicago:
f
legal opinion.
To BIyth & Co.,
100,000
*
Co., of New
York, at 90.81:
$100,000 Chicago, 111., Refunding
*-'L: 31/2% bonds, Interest J-J. Due
V"
Jan. 1, 1955, optional 1951.
due
are
lows: $2,000 in 1947. to
bids until
Bank, of Nashville, at 102.18:
Chicago, 111., Refunding
$100,000
&
$100,000 New York, N. Y., Cor¬
porate
Stock (Registered)
4%% bonds.
Interest M-N.
Due May 1, 1957.
1961.
To Harvey Fisk
Bros.
Salomon
bonds
1709
a
issued
post-war
in
pro-
amount, then to the bidder offer¬
ing to pay therefor the highest
price.
The purchaser must.also
pay an amount equal to the inter¬
est On the bonds accrued to the
Perth Amboy, N. J.
Refunding Bonds Proposed—On
April 2* Harry Braverman, fiscal
agent for the City, appeared be¬
fore the New Jersey Local Gov¬
date of payment of the purchase
ernment Board to discuss a pro¬
price. In the event that prior to
the delivery of the bonds the in- posal involving $750,000 refunding
come received by private holders bonds, representing unexchanged
/
THE COMMERCIAL & FINANCIAL CHRONICLE
1710
portion of a $2,000,000 issue ap¬
proved by the Funding Commis¬
sion on Oet. 4, 1943.
Mr. Braverman stated that while he felt that
it
possible to complete the re¬
was
funding
in accordance
plan, the im¬
program
the
with
original
provement in the credit of the city
v/as
such that in the opinion of
the city'officials advantage might
be
taken
of
the
provisions
of
Chapter 48, P. L. 1942.
The plan
considered by the city was out¬
lined and the Funding Commis¬
sion
It
asked to consider it.
was
to amend the ordinance orig¬
inally adopted in order that provi¬
sion might be made for the issu¬
sary
of
$750,000 bonds, which at
same
time would provide a
ance
the
considerable saving to the city, in
addition to permitting the plan to
further
without
consummated
be
Mr. Braverman agreed to
delay.
discuss this matter with the bond¬
ing
matter
Cancellation
cancellation
Approved—
$37,000 unis¬
sued bonds of the Borough was
approved on April 2 by the State
Funding Commission.
NEW
7*
;
Buffalo, N.
•
Sale
Bond
Y.
Frank
—
Fort Edward Housing
N.
Authority,
Y.
Dated
Public
Authorities
establish the above
Law
bidders
Offering
Bracken,
Mamaroneck, N. Y.
9
*
10
%
Co.,
rate of .30%,
plus a premium of $3.75.
Dated
April 13, 1945.
These notes are
due July 16, 1945. The next high¬
est bidder was the First National
payable
and
at
the
Sale—An
Bond
interest
water
of
issue
are
in
bonds
system
due
price
Stuart & Co., for Is, at a
of 100.28.
Other bidders
follows:
as
<
-
100.096
_
Salomon Bros. & Hutzler_._100.08
National
Bronx
Bank,
100.047
Co., New York. The
R. D. White &
erty
within
ject
to
which
will
taxes
terest
thereon, without limitation
to rate
or
amount. Issued pur¬
suant, to
the
Village Law and
Municipal Law for the
purpose of purchasing land for a
public park and Village building,
the j period of probable usefulness
General
of
which is
30
years.
has been made for the
down
payment
Provision
necessary
required
as
by
Section 6 of the General Munici¬
pal Law, as amended. In the event
that prior to the
delivery of the
bonds the income received
by pri¬
vate holders from bonds of the
type and character shall be
taxable by the terms of
any Fed¬
same
eral income tax
law, the
success¬
ful bidder may, at his
election, be
relieved of his obligations under
the Contract to purchase the bonds
and in such case the
deposit ac¬
companying
turned. The
his
bid
will
be
re¬
approving opinion of
Vandewater, Sykes & Heckler, of
New York City, will be furnished
to
the
Enclose
purchaser
a
without
certified check for
cost.
$120,
payable to the Village.
Long Beach, N. Y,
To Call Bonds—A resolution di¬
i
.currently
a
balance of $37,082.72
out
of
the
Interest
Twp. Local School
(P. O. Grove City), O.
Co., Inc.100.561
(S.
Int.
1533,
printed No.
2643).
Wanted
H.
tenders
will
be
re¬
scribed
on April 23,
the Sinking
Fund of the following bonds:
Refunding bonds dated July 1,
1936 and payable on July 1, 1976.
Registered i, interest
funding
the
bonds dated July 1, 1936 and pay¬
able on July 1, 1976.
of
be
considered
days following date
opening,
otherwise
unless
has
A. Jones,
County Commis¬
announced that he
of
receive
tenders
sealed
par
and
ac¬
Bidders
of
rate
Manor
Central
Dist. No. 2, N.
Bonds Defeated
election the voters
count
of
787
—
Council.
as
recent
defeated, by
a
to
bonds.
Funding Bonds Approved—Un¬
provisions of Chapter 661,
der
Laws of
1945, the city is author¬
approximately $346,-
These'
1955.
March 28.
:
■}
•
Kingfisher, Okla.
Bond
Election—An
issue
of
$50,000 municipal light and power
plant bonds, not exceeding l1/2%,
,
will be submitted to the voters at
election to be held
an
These
bonds
due
are
on
April 24.
in
10 years.
Mangum, Okla.
City
Clerk,
bids
until
will
3 p.m.
Wilson,"
receive
sealed
April 16 for
$100,000. power
plant equipment bonds. Due $10,the
purchase
on
of
-
bonds.
1945.
Due
Dated May 1,
$12,000 from Sept.
1, 1946 to 1950.
40,000 214%
recreation
Dated
May
$8,000
from
bonds.
1,
1945.
Due
Sept. 1, 1946 to
1950.
third
ordinance
was
passed
determining to issue installment
sum
of
$1,000,000,
as
authorized by popular vote in No¬
vember, 1944, the proceeds to be
used for
purchasing and condemn¬
ing necessary real estate for parks,
boulevards and parkways.
bonds
which
$23,000
are
Rural
.
Fire
Protection
in
Board
different
a
a
.
issue
Delayed
—
The
$390,000
memorial hospital and
home building bonds that
the
at
Ohio
Municipals
general
April 11
Ohio
election
as
Demand—J,
follows:
municipal
rise.
Our
and
now
1.05% and 1.37%
Demand
bonds
con¬
index
of
the
10
pn
are
lower
1.03%
and
a
week ago.
an.,
and'
County Consolidated School
(P. O. Florence), Ore.
the
to
voters
election to be held
Morrow
on
at
,
an
April 17.
'
County (P. O. Heppner),
Ore.
-
of
$60,000
struction
hospital
county
bonds
was
con¬
proposed by
the Hospital Commission recently.
Port of
The
Dalles, Ore.
$135,000
offered
April 2—v. 161, p. 1479
—was awarded to Blyth & Co. of
Seattle, and associates. Dated Jan.
for sale
obligation bonds
on
1, 1945.
These bonds are due
$5,000 on Jan. 1 and July 1, from
1946 to 1958 inclusive, and $5,000
on
Jan.
Interest payable
1, 1959.
J-J.
PENNSYLVANIA
Beaver
Bond
Details—The
Falls, Pa.
Election
Scheduled—City
placing a
$250,000 bond issue on the ballot
at the June 19 primary.
If ap¬
proved by the voters, the funds
Council
will
has
authorized
used
be
for
post-war
*
provements.
Coal
im¬
•
Township (P. O. Shamokin),
Pa.
Bond Issue Approved—An issue
of
Quaker City, O.
Sale
station
Bond Election—An issue of $50,000
construction bonds will
be
1.34%, respectively, compared with
Bond
on
Dist. No. 97
A.
on
grade bonds
grade bonds
on
election
an
$6,000 fire
equipment bonds.
Cincinnati, reported
tinues to be keen and prices con¬
to
The
(State of)
in
White & Co.,
—
decided
Directors
of
general
Lima, Ohio
carried
of
March 29 to call
,
Planned
Bond Sale—An issue of
Issuance
nurses'
Election
$18,000 21/2% refunding bonds
approved by the Department
was
$1,500
of Internal Affairs
on
March 14.
fire
tation
ments
Utica, N. Y.
described
are
$60,000 2i/4% fire station rehabili¬
A
529, the proposal
to
isue
$1,800,000
Sewanhaka
High
School
Expansion
Plan
ized to issue
The bonds
bonds in the
a
Passed—Or¬
follows:
Law to
Y.
At
Ordinances
calling for the issuance
of bonds amounting to
$100,000
were passed recently by the City
High Sch.
name
20 Ohio bonds now stands
at 1.19% compared with 1.21% a
week ago. The yield on 10 high-
dinances
establish above authority.
may
interest
multiple of
14 of 1%.
Enclose a certified
check for not. less than 1% of the
yield
Cincinnati, O.
Bond
Chapter 504, Laws
of 1945, adding new Section 1281
Stewart
$1,000 in
Bond Issue Proposed—An issue
1945, due to difficulty in obtain¬
ing priority.
of
100.515
Authorities
and
sealed
April 17 i for
bonds carried at the election held
on
v
p.m. for the pur¬
refunding and funding
bonds, dated Jan. 1, 1940, and is
interested in buying bonds from
the sum of $16,000 in funds now
available for that purpose.
The
as
to the Public
Dated
held in 1944 may not be issued in
and
Bill has been approved by Gover*
Dewey
1954,
Vise,;
receive
on
of $15,000 airport
$2,000 im 1948 to
Due
submitted
^1;
Oct. 1, 1946 and 1947.
\
Bond
OHIO
Colville
1944.
Denomination
$300 on April 1,
on
Oswego Housing Authority, N. Y.
nor
purchase
bonds.,
Lane
April 1, 1945. Denomination
$175. Due $175 on April and
N. C.
Bonds
The
will
until 8 P.M.
the
bonds to be cold.
.
—
$3,700 and de¬
700 fire apparatus bonds.
tinue
Co., St. Louis,
Adams, McEntee & Co.,
jointly
__.100.089
1,
1946 to 1955.
received, at less than
Trust
on
follows;;.
Clay County (P. O. Hayesville),
sioners,
re¬
noon:
$300. ' Due
crued interest.
Ingen & Co.,
jointly
100.18
Mercantile-Commerce Bank
as
Dec.'
purchase by
must
ufttil
$3,000 fire apparatus bonds. Dated
ceived until 7:30 P.M.
for
will
18 for the purchase of 5%
bids
bonds amounting to
Alex
—
Kizer, Town Clerk, has announced
sealed
Clerk,
Village
April
CAROLINA
Brevard, N. C.
that
Houser
sealed
jointly
100.39
Chas. E. Weigold & Co.___100.33
Barr Bros. & Co.
___.100.31
Approved
A \
Offering—Frank
Clerk,
bids
Bond
Offering—Leona
Bratton,
for
B. J. Van
2%
District, Ore.
ceive
NORTH
Tenders
Bond
on
Bill
Bond
City
Gratis, O.-
Board will purchase bonds at the
—
27.
for
Erick, Okla.
':
lowest prices offered in the order
in which such tenders shall
be
&
Feb.
Dated
check
Bond Offering—Basil R.
Offering—Sara
bonds.
March
on
of the amount bid.
Dist.
Ely, Dis¬
trict
Clerk, will receive sealed
bids until noon on April 25 for the
purchase of $278,000 3% building
by Westchester County.
chase
& Sons,
date called.
ceases on
to be
May 7 until 2
Francis I. duPont & Co
iv"©'?
Franklin
Nashville, and
Sherwood & Co.,
E. H. Rollins
■
1, 1905: Denomina¬
tional,000. Due July 1, 1965, op¬
tional July 1, 1945. v.
'
refunded
will
100.085
1 H%
■
held
certified
a
recon¬
money
Tenders Wanted—W.
1.20% Bonds
For
election
Enclose
burn
post-war
fund, such
Clerk Board
.100.20
Co.,
Geo. B. Gibbons &
Cincinnati.
C. F. Childs & Co.,
Commerce Union Bank,
recting the City Treasurer to call
$33,000 Series B, City's general
refunding bonds has been adopted
by the City Council.
There is
ated
struction
£
.100.22
——
For
<
sub-i
be
the
levy of ad valorem
to pay said bonds and in¬
as
jointly
Signed—Gov¬
specified.
Marine Trust Co.,
bonds will be valid and
legally
binding general obligations of the
.Village, all the taxable real prop¬
has
the
4, 1945.
De¬ 000 in 1948 to 1957.
The bonds*
Dewey has approved the
nomination $1,000.
These bonds will be sold to the bidder offer¬
Williamson Bill as Chapter 594,
are due $5,000 June and $6,000 on
Laws of 1945, to authorize West¬
ing the lowest rate of interest and
Dec. 1, 1946 to 1952; $6,000 June
chester County to collect tolls for
agreeing to pay par and accrued'
and Dec. 1, 1953; $5,000 June and
interest. These are the bonds au-:
passage of motor vehicles on and
$6,000 on Dec. 1, 1954 to 1960; thorized at the election held on'
over certain portions of Hutchin¬
$6,000
June
and
Dec. •
1, March 27.
Enclose
a
certifiedson
River
and
Saw Mill
River
1961;
$5,000
June
and
$6,000 check for 2% of the amount bid.
parkways; tolls shall not exceed
Dec. 1, 1962 to 1969; and $6,000
10 cents for each vehicle adapted
June and Dec. 1, 1970.
Bidders Washington School District, Okla.
for not more than seven passen¬
Bonds Voted—An issue of $8,000;
may
bid for a different rate of
gers, to be fixed by supervisors;
interest in a multiple of 14 of 1%. school bus garage bonds was voted
as a
prerequisite, the county su¬ No bid for less than:
par and ac¬ by a large majority at the election,
pervisors must file with the State
crued
interest.
These
are
the held recently.
•
■
Comptroller a copy of resolution
bonds authorized at the Novem¬
requesting State to pay all ad¬
OREGON
ber, 1944, election. Enclose a cer¬
vances made by the Federal Gov¬
tified check for $3,000, payable to Gold Beach, Gold Beach-Wedderernment; $2,500,000 is appropri¬
the Board of Education.
firm for five
.100.529
Bros., and
Kean, Taylor & Co.,
jointly
H. L. Allen & Co., and
Minsch, Monell & Co.,
jointly
Hanover
the
York City, or at the Provi¬
Savings Bank and Trust. Co.,
Bond
Legislation
Tenders
1.10% Bonds
Trust Co.,
Buffalo, and
Bank & Trust
2351)
County (P. O. White
Plains), N. Y.
1, as follows:
1948, $9,000 in
1946 to
Print.
therefor.
Oct.
Lehman
(M-N)
1944,
.
$160,offered
for sale on April 10 — v. 161,
p.
1477—was awarded to A. G.
Becker & Co., of New York, as
.90s, at a price of 100.069, a basis
of about .892%.
Dated April 1,
1945. Denomination $1,000. These
000
New York
multiples of
Central
(P. O.
Manhasset), N. Y.
Bankers
the
Principal
Manhasset Lake-
Water District
ville
2116,
Bacon Bill
Westchester
For
one-tenth of 1% and must
same for
all the bonds.
or
be
in
be
on
awarded to the County Trust
New York
1, 1945. Denomination $1,000. Due
$2,000 May 1, 1946 to 1948. Rate
to
sale
1593—was
p.
of White Plains, at a
a.m.
pon or registered bonds, not ex¬
ceeding 4% interest.
Dated May
interest
161,
v.
—
Coffin & Burr
(EWT) on April 18 for the pur¬
chase of $6,000 land purchase cou¬
of
for
offered
notes
were
Edward
until
in
after
Dated July
Int.
Toll
Note Sale—An issue of $300,000
sey,
Treasurer, will,
bids
until
-■
ernor
'For 1% Bonds
W.
—
Village
sealed
receive
sold
500, 3 l/i%, aggregating $500,000, are called for- payment on
July 1 at the Irving Trust Co.,
New
Plains, at .44%.
Larchmont, N. Y.
Bond
be
1 to
dent
bonds
Bank, of Boston at .37%, and the
County
Trust
Co.,
of
White
1949, and $10,000 in 1950 to 1962.
The next highest bidder was Hal-
authority.
"
property
(A.
National
First
the
were
of real
as¬
Dewey as
Chapter 618, Laws of 1945, au¬
thorizing the City to construct a
sewage disposal plant and to issue
April 16, 1945. These notes
on July 1,
1945.
Other
$7,000
to
not
been approved by Gov.
due
are
valuation
of
survey
Bill Approved—The
April 9—v. 161, p. 1593
on
for
purposes.
awarded to the First National
bonds
Bill Approved—The Neddo Bill
has been approved by Governor
Dewey as Chapter 505, Laws of
1945, adding new Section 1282 to
will
war.
establishing a uniform system
for determining valuations for tax
Bank, of Mount Vernon, at .34%
M.
inclusive.
sessed
issue of $55,000
North Hempstead,
'
Davis,
City Controller, has announced
that
the
Water
Bond
Sinking
Fund purchased on March 21, an
issue of $237,500 4% street equip¬
ment purchase bonds.
Due $59,375 on March 21,
1947 to 1950
the
sale
was
bonds
and
notes offered for
tax anticipation
in
000
N.Y.
Sale—An
Note
of
1945, to authorize the
City to issue not exceeding $100,-
O. Mamaroneck)
Mamaroneck (P.
Bank, of Boston at .39%.
YORK
Laws
series, issue of June 1, 1940, as of
June 1, 1945, in accordance with
the call provisions of the bonds.
April
of
$33,000 of this
call
authorized to
tax
meeting.
at the November election
A total of
Bond Call—It Is stated by Ar¬
nold E. Majoesky, Secretary of the
$133,000, series B, general refund¬
Bacon Bill Approved—The Ba¬ Board of Sinking Fund
ing bonds, due in 1964 is said to
Trustees,
be outstanding.
They are callable con Bill (A. Int. 662, Print 673), that
City
of Cincinnati,
Ohio,
by lot on Dec. 1 or June 1 in any has been approved by Governor Southern Railway Terminal and
year.
The Treasurer has been Dewey as Chapter 639, of the Betterment bonds, series D, Nos.
quisition assessments.
advise¬
Sea Bright, N. J.
/
Bond
The
■
senting the collection of beach ac¬
will be considered fur¬
at the next
ther
The
city.
under
taken
was
ment and
the
for
attorneys
of pay¬
ing its deficiency contributions,
plus interest, to the State Em¬
ployees' Retirement System, due
as of July 1, 1944 and July
1, 1945.
count, according to report, repre¬
stated that it would be neces¬
was
000 bonds for the purpose
beach acquisition cash ac¬
in the
Monday, April 16, 1945
to
as
will
be
with
in
the
the
interest
first
amount
at
April 2 a resolution was passed by
City Council calling for the
issuance
of
$724,500 refunding
the
bonds.
of
of
2%%,
Bond
Ordinance
March
12
Passed
—
On
the
Borough Council
pased an ordinance calling for an
issue of $51,000 314%
judgment
funding bonds.
Dated Dec.
1,
1944.
OKLAHOMA
These
bonds
are
due
on
Dec.
1, as follows: $5,000 in 1946
to 1954, and $6,000 in 1955. Inter¬
Duncan, Okla.
These
be issued in install¬
required,
appartus bonds offered for Dreher Township School Dist. (P.
sale and purchased by the Quaker
O. Newfoundland), Pa.
City National Bank—v. 161, p.
1143—were sold as 4s, at a price of ■{ Bond Issue Approved—An issue ;.
of $7,500 3% construction,
erec-(
102.50, a basis of 3.93%.
Dated
tion
and equipment
bonds was
Dec. 15,
1944.
These bonds are
approved by. the Department of
due $250 on Oct. 1, 1946 to 1951.
Internal Affairs on April 3.
;
'
Toledo, O.
Dunmore, Pa.
/
Refunding
Bonds
Issued—On
Bond Offering—J. J. Davis,
Clerk,
until
8
City
receive sealed bids
P.M. on April 17 for the
will
est
J-D.
Luzerne
County (P. O. WilkesBarre), Pa.
purchase of $30,000 airport coupon
Bond
Sale
The
$1,500,000
bonds, not exceeding 6% interest.
Post-War Bonds—The
Due $5,000 funding and investment bonds of- :
$16,000,- Denomination $5,000.
000 various issues of
fered for sale on April 10—v.
Authorized at
bonds, voted in 1948 to 1953.
161,
payable semi-annually.
—
Volume
Numbet
161
THE COMMERCIAL & FINANCIAL CHRONICLE
4377
such bonds during the life thereof,
the amount of premium offered,
1479—were awarded to a syn¬
Halsey, Stuart
& Co., Blair & Co., Inc., Otis &
Co., of Cleveland, Dolphin & Co.,
and A. Webster Dougherty & Co.,
both of Philadelphia, as Is, at a
price of 100.91, a basis of about
.91%.
Dated May 1, 1945. De¬
nomination $1,000.
These bonds
are
due on May 1, as follows:
$80,000 in 1947 to 1964, and $60,p.
dicate composed of
000 in 1965.
Peabody
&
Lynch,
Fenner & Beane,
Co.;
,
Bank
Chemical
Co.,
Securities
100.517
Yfo
/.v/-'/. V
Trust
&
York;
New
table
Pierce
jointly
EquiCorp.;
Braun, Bosworth & Co.,
.
Inc.; Thomas & Co., and
National
First
Wilkes-Barre,
Bank,
100.289
1V*
Jointly—
First Boston Corp.; W. H.
Newbold's Son & Co.;
Peoples-Pittsburgh
Tr.
Co.; Newburger & Hano,
and
Singer,
Deane
&
H.
Rollins
Stroud
&
&
101.287
Sons;
sale
of
thereof
fied "check
amount
Bank, Nashville;
Childs
&
*
McDougal & Con¬
•
V/a
don, jointly
:
Sought—A pro¬
$75,000 refunding bond
filed
recently
with
was
George
Schafer,
Courts.
It
the
of
Clerk
is said that the bonds
will bear interest at
.
a
for
•.'
ap¬
2%
of
face
the
rate not to
Available
For
Bond
Flotation—Approximately $150,000
will be available for
a
this
Foster
recently
Controller
year,
Nauman
bond issue
declared
checking preliminary figures
financial
statement.
W.
in
:,
This borrowing leeway is to be
in providing funds for re¬
.
placing the doomed Green Ridge
Street Bridge, a $100,000 project,
and in resurfacing and recondi¬
tioning streets.
^
period of 10 years.
v
Senate Passes Debt Limit Bill—
The State Senate
has passed the
Bill, which proposes a
constitutional amendment to give
Woodward
Philadelphia
a
more
stable debt
the
If the bill is passed by
limit.
'•s House, it will be ready for the
second
*
legislative approval when
the 1947 Legislature meets in regular session, and if that Legisla¬
ture
promptly
approves
the
amendment, it can be submitted
to the voters of the
proval in 1947.
•
State for ap-
'
r,
The
ments
bridge
will
April 9
v.
to
101.184.
,
.
Pa.
Bond Offering—Gordon L. Gar-
ling, Secretary Board of Commis¬
will
receive
leeway
before
report.
the
of $165,000, %, 1,
2%, refunding coupon
bonds.
Dated June 15, 1945. De¬
nomination $1,000.
These bonds
are. due $11,000 on June 15, 1946
to
i960.
or
issue
at
of
any
rebuilding the
asked thoroughfares is $50,000 if
Council authorizes
interest
thereon
will
be
payable without deduction for any
tax or taxes, except succession or
inheritance
after
a
bond issue to
the full amount of the leeway.
taxes,
levied
or
now
or
assessed
?
here¬
thereon
of $10,000 3%
ment bonds
highway improve¬
was
approved by the
Department of Internal Affairs on
Feb. 20.
RHODE ISLAND
discount of .37%.
31, 1945.
was
Due Aug.
only other bidder
Co., at .383%.
13, 1945. Denomina¬
The
Leavitt &
April
to
take
the
interest cost to
the municipality,
DAKOTA
in
standpoint of yield and security.
Complete information regarding
the terms and method of exchange
may be obtained by bondholders
local
from
bond dealers
Bond Election—A
will
tion
held
be
special elec¬
in
connection
with the regular city election on
April 17, to have the voters pass
on
the issuance
of
$20,000 in
and sewerage
waterworks
Tennessee
bonds.
(State of)
Four Cities Discuss Joint Power
Action—We
Bond
from
follows
as
which
appeared
in part
quote
story
news
a
the
in
Johnson
City "Press-Chronicle" of April 4:
Collective contracting for an en¬
gineering, report to facilitate sale
of bonds for the purchase of East
Tennessee Light & Power Com¬
pany properties was discussed by
representatives of Johnson City,
the two Bristols, and Erwin at a
meeting here yesterday.
Adjourning at noon, the town
officials agreed to meet again with
representatives of Chapman and
Cutler, firm of bond attorneys,
and, if possible, with representa¬
tives of an engineering company,
Webster of New York
and Boston. The firms—which the
talks
yesterday indicated might be
contracted with—would be able to
give
concise
municipalities
the
•
the
of
their
of
costs
upstate
concerned with
mu¬
the
transaction—Johnson
TVA
City,
Tennessee and Virginia Bristols,
and Erwin—are anticipating they
will secure the services of Chap¬
man and Cutler of Chicago,
It is believed that,
after the
next
joint
town-bond attorneymeeting,
information
referendum.
enable mak¬
for
bond
a
000
with their shift to TVA power, it
landing field purchase
$8,bonds
will be submitted to the voters at
an
election to be held
on
South Dakota (State
Creation,
April 17.
believed
in
an
electricity,
gas
and water to
districts would
not
towns in. the
Chattanooga, Tenn,
31—Wainwright, Ramsey & Lan¬
caster of New York, fiscal agents
for the City of Chattanooga, an¬
that holders of the follow¬
may
an
Bonds Voted—An issue of
ar¬
still
$200,-
approved
by
the
voters
the
at
election held recently.
Weakley County (P. O. Dresden),
Tenn.
Bonds
$400,000
Sold—It
2V4S, at
bonds
lJ/4%
stated
that
semi-annual
road
syndicate composed
Securities Co.,
W. N. Estes & Co., both of Nash¬
ville, the First National Bank of
Memphis, C. H. Little & Co. of
Jackson, and Barcus, Kindred &
recently by
of
the
of
a
Nashville
Chicago,
a
basis
at
of
a
price
about
of
1.24%.
April 1, 1945. Due April 1,
as follows: $11,000 in 1947, $19/000 in 1948, $20,000 in 1949 to 1951,
$21,000 in 1952 to 1955, $22,000 in
1956 to 1958, $23,000 in 1959 to
1961, $24,000 in 1962 to 1964, and
$19,000 in 1965. Principal and in¬
price of 101.248.
a
Kermit, Tex.
Bonds
County (P. O. San Antonio),
Tex,
Bond
proposal
held
County road and bridge bonds has
been approved by the County
Commissioners Court.
election
the
the
following
were
$125,000 water and sewer bonds.
45,000 city hall bonds..
15,000 street, cemetery and park
bonds.
in 1948 to 1961. Legality approved
by W. P. Dumas, of Dallas.
Corpus Christi Indep. School Dist.,
La
Grange, Tex.
Bond
Call—Elvira Saxon, City
Secretary announces that all out¬
standing bonds
issue
of
called
are
the
for
following
payment
at
her office:
On May 1
General Drainage and Street
Improvement, Nos. 1 to 20, aggre¬
gating $20,000. Dated'May 1, 1940.
Denomination $1,000.
Due $1,000
May 1, 1942 to 1961, optional, in
5 years.
Tex.
Bond Sale—An issue of $800,000
public school bonds offered for
sale recently was awarded to Dewar, Robertson & Pancoast, of San
Antonio, and Associates, at par, as
follows:
$275,000
maturing in
1946 to 1950, as l^s, $275,000 ma¬
turing in 1951 to 1955, as l%s, and
$250,000 maturing in 1956 to 1960,
as
l3/4s.
Dated March 1, 1945.
These bonds are the balance of the
$1,500,000 issue, authorized at the
election held on Nov. 18, 1944.
Eastland Free School Incorporation
Tenders Wanted—C. A. Hertig,
announces
sealed
24
amounting to $185,000
'i
Bond Sale—An issue of $30,000
2%%, series of 1945, electric light
refunding bonds was purchased
recently by Crummer & Co., of
Dallas, at par.
Dated Feb. 10,
1945. Denomination $1,000. These
bonds are due Feb. 10, as follows:
$1,000 in 1946 and 19,47, and $2,000
P.M.
March
voted:
Canadian, Tex.
receive
Voted—At
on
bonds
Refunding Approved—A
to refund $121,000 in
Secretary,
These
due serially in 20 years.
The next highest bid was 100.376,
for 2y4s.
are
TEXAS
Bexar
that he will
tenders
until
8
April 30 for the purchase
of series Aug. 1, 1941, free school
incorporation bonds.
Funds
amounting to approximately
$7,000 are available for purchase.
on
Freeport, Texas
Bond Sale—An issue of $250,000
Sewer Improvement, Nos.
1 to
Dated
May 1, 1940. Denomination $500.
Due $500 May 1, 1942 to 1961,
optional in 5 years.
-
20,
aggregating
improvement bonds was
April 9 to McClung &
Knickerbocker of Houston and the
On May 10
refunding Nos. 1 to 52,
aggregating $26,000.
Dated May
10, 1939. Denomination $500. Due
May 1, as follows: $500 in 1940^
1948, $1,000 in 1949 to 1965, and
$1,500 in 1966 to 1968, optional in
5 years.
Interest
tonio, jointly, as 2V4S, at
price
a
ceases
on
dates called.
Bonds Voted—On March 14 the
,
City Council favorably voted is¬
sue
of the following I % % re¬
funding bonds amounting to $53,500:
$23,000 park refunding bonds.
16,000 sanitary
drainage
and
street
improvement bonds.
8,000 sewer improvement bonds.
6,500 water
main extension
bonds.
awarded
Ranson-Davidson Co. of San An¬
$10,000.
Park
street
<•
Lindale, Texas
Sale Details—The $7,500
4% water works bonds awarded
March 29 to J. B. White & Co. of
Bond
of 100.197, a basis of about 2.23%.
Dallas,
Dated April 1, 1945. Interest A-O..
as
previously noted in
161, p. 1595, were SQld at a
price of 100.666, a basis of about
3,92%.
Dated Feb. 1, 1945 anu
due Feb. 1, as follows: $400 from
1946 to 1950 inclusive; $500 from
1951 to 1955 inclusive, and $600
from 1956 to 1960 inclusive.
v.
Due
April 1,
follows: $10,000
in 1950 to 1953, $15,000 in 1954 to
1957, $20,000 in 1958 to 1964, and
$10,000 in 1965. Optional on or
10
interest
as
from date, on any
years
payment date.
Principal
and interest payable at the Free-
Legality ap¬
proved by John D. McCall of Dal¬
McAllen, Texas
port National Bank.
These
las.
ized
are
the
at
the bonds author¬
election
held
March
Grand
Prairie Independent
on
24.
Bond
School
School
District, Texas
Offering—L. A. Roberts,
Superintendent,
sealed
bids
until
will
8:30
re¬
P.M.
(CWT), on April 23, for the pur¬
chase of $300,000 building bonds.
Due $15,000 in 1946 to 1965. Bid¬
ders to
name
the rate of interest,
in multiples of Vi of 1%.
are
the bonds authorized
election held
on
These
at
the
March 31.
Howard County
(P. O, Big
Spring), Tex.
Bond Sale—The $150,000 road
bonds offered for sale on April 9
—v. 161, p. 1595—were awarded to
R. J. Edwards, Inc., and the First
National Bank, both of Oklahoma
City, jointly, as Is, at a price of
100.015.
Dated on or about May
1945, and due in one to ten
years.
Principal and interest pay¬
able in Big Spring, or at any other
place at the option of the pur¬
chaser.
Legality approved by J.
P. Gibson, of Austin.
The next
15,
is
and bridge bonds were purchased
100.112,
Bond Exchange Offer Ends May
ing maturities and bonds
out
taken
000 school gymnasium bonds were
Dated
interest to be paid on account of
work
to
be
Trenton, Tenn.
Co.
TENNESSEE
nounce
will
rangement to have all six cities
unite in arranging for the engi¬
levy
bonds
or
steps
effort
of
municipalities in the district has
been introduced in the South Da¬
kota Legislature.
It is proposed
that the
is
neering report.
of)
Municipal Utility
Districts Proposed—A bill to pro¬
vide fpr the creation of
municipal
utility districts to furnish whole¬
sale
contracts with
bonding companies in connection
Howard S. D.
irrevocably levied against all tax¬
able property in the County. Le¬
gality approved by Chapman &
Cutler, of Chicago,
ceive
,
April 10—w. 161, p. 1480—was
on
awarded to the Columbian Securi¬
ties Corp., of San Antonio,
as
after
six
the
of
Said
Dresden.
secured by and payable
from
or
Wainwright, Ramsey & Lancaster.
vilie already have
Bond Election—As issue of
ducting from the total amount of
bonds
While Elizabethton and Greene-
SOUTH
whole
which shall be determined by de¬
the
arrangements
area.
offers
of
ing
anticipation of the revenue for
the year ending March
31, 1946.
quest .of the cities
amount of the issue at the lowest
holders
in
less than par and accrued interest.
sale,
the
question to profit both from the
be available to
The
complied
for
opportunity
an
will
Commonwealth, all of which
exempted from lo¬
taxes the Township assumes and cal and State taxation. The areas
agrees to pay.
The bonds will be composing the districts would be
sold
to
the highest responsible set up and defined by the State
bidder, provided such bid is not Utilities Commission upon the re¬
be
stated, represents
engineer
revenue
shall
bonds cannot be exchanged af¬
that date. The offer, it is
tion $50,000 and $25,000. Due Aug.
31, 1945.
These bonds are issued
ad valorem taxes but would issue
responsible bidder
the one
who, having
with the conditions of
ter
nicipalities
Note Sale—An issue of $500,000
temporary notes was sold to the
First National Bank on April 12,
a
as
Four
Newport, R. I.
at
the matter prior to May 31, 1945,
services.
the
highest
ex¬
obligations will complete the pro¬
gram. However, they must act in
estimates
under any present or future law of
.
88,000
Trustee,
are
from unlimited ad valorem taxes
above-mentioned
Stone and
Bond Issue Approved—An issue
the
combining two different rates of
interest will be accepted.
Registerable as to principal. Said bonds
the
his
;'y; );■?■;£, -"v''
Bids will be received for
entire
above rates of interest, but no bid
and
completes
At present the amount available
purchase
the
he
to be allocated for
until 8 P.M. (EWT) on May 23 for
114, 1%,
contem¬
extensive street program
Nauman
uncovers
items
will increase the borrowing
that
bids
sealed
the
plated
Dated
.v-.:,
Ridley Township (P. O. Folsom),
sioners
reduce
require¬
Shrewsbury, Pa.
161, p. 1479 — was
Singer^ Deane
&
Scribner, of Pittsburgh, as 114s,
at a price of 101.188, a basis of
about
1.138%.
Dated
April
1,
1945.
Denom.
$1,000.
These
bonds are due on April 1, as fol¬
lows: $4,000 in 1948 to 1958; $5,000'in 1959 and 1960; $4,000 in
1961 to 1964, and $5,000 in 1965,
The next highest bidder was Blair
& Co., Inc., for 114s, at a price of
—
awarded
financing
unless
Rankin School District, Pa.
Bond Sale^-An' issue of $75,000
school bonds offered for sale on
96,000
bonds available in
new
:
able
Philadelphia, Pa.
196,000
on a
■.
used
a
Amount
$106,500
1, 1949 to May 1, 19501, 1955 to May 1, 1956
Aug. 1, 1956 to July 1, 1957
Aug, 1, 1959 to June 2, I960-,,
Nashville, Tenn.
exceed 31/2 % and will be redeem¬
over
Maturity—
Aug.
The
County
bonds
Aug.
Scranion, Pa.;•
;
$150,000
Bond Approval
issue
been
of the
100.327
New Philadelphia Sch. Dist., Pa.
posal for a
have
bonds, payable to
the Township Treasurer.
Co.;
Newburger, Loeb & Co.,
and
the
proved by the Department of In¬
Affairs.
Enclose a certi¬
Union
F.
entitle
and
purchaser to the return of the
amount deposited with the bid.
These bonds are issued subject to
the favorable opinion of Townsend, Elliott. & Munson, of Phila¬
delphia, and will be delivered to
the purchaser only if and after
the proceedings authorizing the
Clark & Co.; Commerce
C.
The
taxes.
ternal
Charles
Co.;
valorem
un¬
tion bonds until May 31:
change for the foregoing include
$106,500 series F, due 1961 or 1962,
and $380,000 series G, due 1965 to
tions or otherwise, subjects to a
1966. WainWright, Ramsey & Lan¬
Federal income tax the interest
caster, whose offices are at 70
on bonds
of a class or character
Pine Street, New York City 5,
which includes these bonds, will,
point out that holders of $5,648,500
at the election of the purchaser,
bonds have already exchanged and
relieve
the purchaser from his
that acceptance of the offer by
obligations under the terms of the holders of the
issuance
1 Vi
Scribner, jointly
E.
ad
contract
;■--V;
'.-j;t
.
These obli¬
exchange them for debt equaliza¬
enactment, at any time prior to
the delivery of the bonds, of Fed¬
eral legislation which in terms, by
the repeal or omission of exemp¬
Inc.; Yarnall & Co., and
Merrill
and above the face
over
limited
Int. Rate Price Bid
Harriman, Ripley & Co.,
any,
amount of the issue.
gations will be payable from
Other bidders were:
-
Bidder—
Kidder,
if
1711
highest bidder was the Columbian
Corporation, of San An¬
tonio, as IV4S, at a price of 100.382.
Securities
Jefferson County (P. O. Beau¬
mont ),
Tex.
Bond Election Planned—An is¬
sue
of drainage bonds will be sub¬
mitted to the voters at an election
to be held late in Max.
Karnes
City Independent School
District, Texas
Bond Sale—An issue of $25,000
terest payable at the office of the1
refunding bonds offered for sale
Sold
Bonds
—
An
of
issue
semi-annual water sys¬
tem revenue bonds was awarded
recently to Stifel, Nicolaus & Co.,
of
Chicago, and the E. Kelly
Brown Investment Co., of Dallas,
jointly, at a price of lQO.OO^a net
$605,000
interest
cost
of
about
2.81%,
as
follows:
$65,000 maturing Feb. 1,
$10,000 in 1946 to 1950, $15,000 in
1951, as 2V2S $365,000 maturing
Feb. I,' $15,000 in 1952 to 1963,
$20,000 in 1966 to 1969, $15,000 in
1970 to 1974, as 2%s, and $175,000
maturing Feb. 1, 1975, as 3s.
Dated Feb. 1, 1945. Denomina¬
All of said bonds will
tion $1,000.
be
redeemable prior to maturity
at the option
numerical
of the City in inverse
on any interest
order
date, on 30 days' pub¬
notice, at the principal
amount thereof, plus such pre¬
mium not greater than 5% for
each bond redeemed as will be
payment
lished
equivalent of V\ of 1% for each
year or fraction thereof between
the date fixed for redemption and
date. Principal and
(F-A) payable at the City
Treasurer's office, or at the Chem¬
ical Bank & Trust Co., New York.
These1 bonds, authorized at th^
election held on Jan. 29, 1945, are
issued under and pursuant to
Constitution and the Laws of the
the maturity
interest
State, including the City Charter
and Articles 1111 et seq., Texas
Revised Civil Statutes, 1925, as
amended, in the opinion of coun¬
sel, are payable as to principal
and interest solely from the net
revenues derived from the opera¬
tion of the waterworks
system
including all additions, extensions
and
improvements thereto.
The
THE COMMERCIAL & FINANCIAL CHRONICLE
1712
City,
and
make
ordinance,
that it will
by
and
law
by
covenants
agrees
collect
and
and
rates
charges for all water and services
supplied by said system fully
efficient to pay the expenses of
operating and maintaining said
system, to provide an adequate
contingencies fund, and to pay
principal of and interest on said
bonds.
Legality
approved
by
Chapman & Cutler, of Chicago.
Mount Selman
t
Bond
Indep, Sch. Dist.,
Tex.
.
M. Vinning,
Offering—J.
Acting Secretary, Board of Edu¬
will receive sealed bids
April 24 for the purchase of
$16,000 refunding bonds.
These
bonds are due serially in 20 years.
cation,
until
Bidders
to
name
rate of
the
in¬
terest.
Raymondville Indep. School Dist.,
Bond
sealed
L.
Offering —H.
Business
will
Manager,
until 8 p.m.
bids
Snow,
receive
on April
of $40,tf00
school house bonds, not exceeding
3%% interest. Dated May 1, 1945.
Denomination $1,000. These bonds
are due $2,000 on May 1, 1946 to
1965.
Alternate proposals will be
17
for
the
bonds
on
payable
Rate of interest
ville State Bank.
to be in
*1%:
It
10-
a
Principal and in¬
at the Raymond¬
option.
year
terest
with
New
the
at
for
wood
lowest
interest
.
Harriman
Bidders
interest.
crued
quired to
are
re¬
the rate or com¬
two
rates which is
name
bination
of
nearest par and accrued interest.
These bonds carried by a vote of
48
8
to
March
submitted
1945.
to
reject
All
on
be
blanks furnished by
on
the District.
held
bids to
election
the
at
10,
The right is reserved
all
bids,
part
any
or
The District will furnish
thereof.
the printed bonds, a
of the
proceedings, the approving opin¬
ion of J. P. Gibson, of Austin, or
Chapman & Cutler, of Chicago,
copy
& Co., Inc.,
bidders, for
Ripley
successful
the
were
the $500,000 Ninth Series,
Holyoke
Housing Authority, Mass., notes,
at .45%, plus a premium of $5.
Wm. E. Pollock & Co., Inc., of
New
successful
were
the
bidders for the $198,000
York,
Lakeland
Housing Authority, Fla., notes, at
.49%, plus premium of $11.
VIRGINIA
Virginia (State of)
that
cost
Tex,,
Authority,
Housing
notes, at .48%, plus a premium of
$4.
*
V "
multiples of one-eighth of
is the intention of the
bring a price of approximate¬
ly, but not less than, par and ac¬
were
the successful
the $340,000 Brown-
York,
Board of Trustees to sell the bonds
will
at
Bill
Proposes
Certain
County
Road Bond
Refinancing—Delegate
E. O. McCue, Jr. of Charlottesville
and
Albemarle
County,
intro¬
duced in the House of Delegates
a
bill which would permit Albe¬
marle, or any other county with
~
the
vote of approval
a
electorate
The
of
the
Albemarle
be effect¬
ed before May 15, 1945.
a certified check for $800,
the
to
Van
Enclose
payable
District.
•
Independent Sch. Dist., Texas
Bond
S%£e—An issue of $80,000
school
hoyse bonds offered for
April 10—v. 161, p. 1480—
sale
on
was
awarded to the Dallas Union
Trust
the
on
Other
shall
order
the county at
the
bidder
was
election
an
of
the
order,
f
:
\
for
is
the
the
road
Election
Held —At
on
UNITED STATES
Federal Public Housing Authority
the
$23,402,000
the
Co.,
as
Chemical
head of
a
Bank
group
&
Trust
of banks
'which includes the National City
Bank, Bankers Trust Co., both of
of
such
be
re¬
invested
but
later
not
date the district bonds
mature.
to
The
levy
bill
taxes
the
sched¬
-
enables
tax in
a
than
are
the
excess
county to
of all other
property subject to local
on
taxation to refund such bonds is¬
out
the
county.
County
Issued
York; Bank of America
National Trust & Savings Associ¬
ation of San Francisco; National
Bank Of
Detroit, Union Trust Co.
of Pittsburgh, Brown Bros. Harriman &
Co., New York Trust Co.,
both of New York; Northern Trust
Chicago, National City Bank
as
situations
in
•
road bonds
due
the
Scottsville
and
being de¬
in
small
of the
districts,
and
of
Miller
of
bonds
the
City's
dated
ment
amended,
are
May
1,
1938,
advised, that
as
1948, with
represents the amount owing to bondholders by
province, in June, 1935, in reducing pay¬
ment of bond interest to 50% of the contractual rate.
The failure
the holders
mand
in
of
certificates
withdrawals.
Wash.
Bond Sale—An issue of $100,000
building bonds was awarded 1 on
April 5 to Blyth & Co., of Seatle,
as
IV2S, at
of St. Louis, First National Bank of
San Francisco; National Bank of
due
a
price of 101.25,
1.38%.
a
basis
These bonds
are
Jan.
J.
H.
Bolton,
Street, Seattle, Wash.
de¬
217
Pine
WYOMING
Rawlins, Wyo.
Bond Call—The
comparison
their
announced
intention
to
a block of $2,000,000 2Vz7o electric
Rico Water Resources Authority were
Puerto
is
given
in
the
below of all
table
.
(U.
"Temporary loans
Bonds
U.
S.
(U.
the various
1942
1943
1944
1941
$
$
loans
headed
group
a
the last five years:
1945^
March—
Permanent
'
S.)___
173,983,899
24,742,561
49,616,172
S.)„
93,936,000
29,062,171
68,881,771
48,889,344 179,648,561
184,030,853
60,862,425
None
None
None
None
None
22,033,028
50,373,000
5,542,879
58,900
1,049,529
None
None
None
Possessions—™
'
Canadian loans (permanent):
Placed in
Canada
Placed
U.
in
Total
•»
S.^——None
6,453,500
289,952,927
110,631,232
—
122,950,822 232,979,097 241,560,515
"Includes temporary securities issued by New York City in March: $80,000,000
1945; None in 1944; $40,000,000 in 1943; $60,000,000 in 1942; None in 1941.,
The
number
in
of
places in the United States selling permanent
of separate issues made during March were
113 and 135 respectively.
This contrasts with 82-93 for February.
For comparative purposes we add the following table showing
the aggregate for March and the three months for a series of years.
In these figures temporary loans, New York City's "general fund"
bonds and the number
bon^s and also issues by Canadian municipalities are excluded:
'=
-'
'
.
.
March
1944
99,979,064
1929
156,142,104
1928
48,889,344
1941_—_
3 Months
1930——$125,428,605
49,616,172
209,615,576
1927—
179,648,561
308,163,858'
__
_
For the
March
3 Months
$309,918,487
1943
1942
Month of
For the
Month of
•_
1945—a..—
—
/105,775,676
$316,829,935
'
251,388,122
—129,832,864
88,605,561
116,898,902
—
111,067,656
101,135,402
364,000,414
372,613,765
83,570,146
340,253,337
1926
1925
119,325,184
276,948,227
1924
221,339,709
1923
128,568,023
309,562,106
316,137,054
1922
1921
150,313,900
300,921,678
1920
98,012,229
218,265,914
1919
13,928,639
67,335,063
1918
28,376,235
75,130,589
109,163,071
282,703,824
1917
35,017,852
101,047,293
1931
279,508,181
449,603,589
Street
Drainage and Bituminous
Surfacing Dist. No. 1, bonds Nos.
169 to
180.
-
109,859,180
59,345,983
_
1937
1936_
1935
1933
,
-
Refunding
of
is
of the Province's
pons
next
SASKATCHEWAN
Saskatchewan (Province
T. C.
on presentation
City Treasurer with cou¬
atached.
Interest ceases on
the
date called.
«.
326,297,507
295,559,537
69,575,262
246,574,494
116,816,422
292,061,290
51,570,797
204,456,916
58,838,866
174,073,118
50,221,395
i—.
106,239,269
(List of the individual bond issues sold during March will be
All dated April 1, 1938.
Due
April 1, 1948, optional on any in¬
terest payment date.
Said bonds
to
.
359,623,721
—
given in next Monday's issue.)
Discussed—It
Interest
Paine-Rice Co.
-
1940
33 and 34.
1965.
The
have
month, although
bonds of the
securities placed in March in
following bonds
called for payment on April 1:
Street Drainage and Bituminous
are
will be redeemed
J-J.
recent
1934
1, as follows: $5,000 in
1960, and $6,000 in 1961 to
was
bodies
two
by the Banco de Fomento de Puerto Rico to
by Stranahan, Harris & Co., Inc.,, Toledo.
1938
is
1947 to
highest bidder
latter
acceptance of the refunding offer by bondholders.
Canadian municipal financing in March, this involved
for
the
the Bondholders' Protective Com¬
mittee
very
County, Clarkston Sch. Dist.
(P. O. Asotin),
The
oppose
sold
1939
-
250
ac¬
aggregating $22,033,028, with the Province of Quebec
for $15,000,000.
No new United States Possession financing was accomplished
Surfacing Dist. No. 2, bonds Nos.
No.
Manning's offer to recognize the full amount of the
Investment Dealers Association and the Bondholders' Protective Com¬
Secretary of
WASHINGTON
Asotin
sum
of the action of the
cumulated interest debt has been severely criticized by J. L. Ilsley,
Minister of Finance of the Dominion of Canada, and by the Canadian
on
May 7, 1945, unless prior there¬
come
sinking funds for retirement
bonds.
;' -
of about
Detroit, Union Trust Co. of Pitts¬
burgh, Brown Bros. Harriman &
This latter
reason
March
where
scheduled to
are
1947
care
Samuel
new 3V2%
debentures to mature in 33 years and contain¬
callable feature.
It also commits the province to make a cash
payment of about $8,500,000 in settlement of delinquent bond interest
of about $25,000,000.
a
1932,
observers interpret the
signed particularly to take
of Cleveland, First National Bank
for
local improvement districts, under
a Bondholders' Protective
Agree¬
to
J'
proposed legislation
bonds of
ing
A
on
must
The $6,200,000
Districts
-
New
Co. of
100.00
-
p
tion will be in full force and effect
bonds
in Federal government obligations
redeemable at the option of the
Unit Notes Awarded—Of
temporary loan
notes offered for sale on April 10,
as
noted here—v. 161, p. 1595—
a total of
$22,364,000 was awarded
to
•
sued to retire road debts and spe¬
sale
funding
the
April 12 the fol¬
lowing bonds amounting to $950,C0Q were submitted: $700,000 road
bonds and $250,000 airport bonds.
Local
$200,000, 1%S,
on
from
bonds of 1975 which
the
revenue
For
31, 1945, the committee
odged with the First Trust Com¬
pany of St. Paul, as depositary,
and
with
the
secretary of the
committee a resolution extending
the term of the agreement for a
period of five years commencing
May 1,
1945,
and
which
also
amends the agreement as to the
time
of
filing the
committee's
annual accounts.
A copy of the
resolution is being mailed to the
holders of certificates of deposit
affected thereby and the resolu¬
uled
Texas
/
;
Bond
$49,000, 3s, and
$151,000, iy2s
-—100.52
State
county to
debt
a record low interest cost to the
by-State
Aside from the bopd sale, the authority effected private
sale of $14,000,000 1%
nv§yyear serial notes to the Chase National
Bank and the National City Bank, both of New
York, each instiution taking $7,000,000.
This raised the Port Authority financing
figure for the month to $26,000,000, all of which was to provide for
the redemption of $28,422,000 3% sixth series general and refunding
agency.
accounting
Protective Agreement Amended
Holders of certificates of deposit
retire
by the underwriting group.
terms which reflected
on
As
For
districts.
Provision
distributed
were
sale of issues
trict
either
bonds
*
actively
Longview Local Improvement
county,
Winkler County (P. O. Kermit),
election held
Portland,
Fordyce & Co., and
Wm. P, Harper & Son
& Co., jointly,
whether the county should assume
the road indebtedness of any dis¬
or
the
However, the Triborough loan was particularly distinguished by
the fact that it represented the largest municipal
issue, revenue or
otherwise, ever to reach the market via public offering. Notwith¬
standing this, the underwriting syndicate, headed by Dillon, Read &
Co., was speedily terminated in consequence of the strong demand
that had developed for the bonds prior ,to the formal
re-offering.
An equally fine performance characterized
marketing of the $12,000,000 Port of New York Authority refundings, which were ac¬
quired by Blyth & Co., Inc., and Associates, via competitive bidding,
mittee.
cifically provides that such taxes
Corp., San Antonio, for $20,000, l%s, and $60,000, l%s, at a
,.
Bank,
shall be uniformly levied through¬
the Columbian Securi¬
ties
,
100.26
—
First National
large, either at the
time
with which
In saying this, we are not unmindful of the significance and investor
interest that attached to the other issues also mentioned above.
of Premier
& Marshall, 1
$36,000, 3s, and
$164,000, iy4S
by
as
price of 100.043.
;
Foster
application
1Y4S, at a price of
surpluses in the county's general
100.251.
Dated May 1, 1945.
De¬
funds, or by the issuance of county
nomination $1,000.
These bonds bonds at
any time within three
are
due on .May 1, as follows:
years
prior to the date of ma¬
$5,000 in 1946 to 1951, $13,000 in
turity, or the optional redemption
1952 and 1953, and $12,000 in 1954
date, of the district bonds.
Pro¬
and
1955.
The
second
highest ceeds from the
Co.,
were:
Bank,
Kirkland, and
National Bank of Commerce,
Seattle, jointly,
For $24,000, 3s, and
$176,000, iy4s
100.39
next general election or on a spe¬
cial date not less than 30 days
from
bidders
may
First National
majority of the supervisors,
judge of the county circuit
court
financing by States and municipalities
during the month of March reached a level reminiscent of pre-war
days, awards in the period having aggregated no less than $173,983,899.
However, this result was due largely to the disposal of a num¬
ber of issues of great size, such as $110,000,000 by the
Triborough
Bridge Authority, N. Y., $26,000,000 by the Port of New York Au¬
thority, $6,200,000 by Springfield, Mo., $3,940,000 by Chicago, 111.,
and $3,335,000 by High Point, N. C.
As has been true of most of
the wartime municipal financing, the bulk of the
offerings in the
recent month were for refunding purposes, loans of this character
having accounted for $149,982,000 of the month's grand output of
$173,983,899.
The Triborough bridge offering constituted the
principal item of
interest during the month both by reason of its size and the rapidity
are callable Dec.
1, 1945, at 103.
Springfield, Mo., issue brought out in March under
auspices of Harriman, Ripley & Co., Inc., New York, was sold
be redeemed at par, on any inter¬
by the city to finance municipal acquisition of the local transporta¬
est payment date in inverse nu¬
tion, gas and electric systems.
/ ;;
merical order, or, as a whole after
The City of New York accounted for the major part of the $93,5 years from date of issue. Prinj 936,000 of temporary municipal financing effected in March, having
cipal and interest (M-N) payable disposed of an issue of
$80,000,000 revenue bills to local institutions.
at the County Treasurer's office.
Of principal interest in the Canadian municipal market last
Legality
approved
by
Preston, month was the deft
refunding proposal offered to creditors of the
Thorgrimson, Turner, Horowitz & Province of Alberta
by Premier Ernest Manning.
The plan calls for
Stephan, of Seattle.
the voluntary acceptance by holders of both matured and unmatured
standing bonds of said issue
ap¬
of
a
National
to 1954, $15,000 in 1955
1956, $16,000 in 1957 and 1958,
and $17,000 in 1959 and 1960.
All
or any of the unmatured and out¬
County
bank
the
$200,000
awarded recent¬
For
bill, which carries the
proval
was
1952
in
:l\i
that
can
On
and
by
provides
pated that delivery
—
Bank,
both
of
Seattle, jointly, as 114s, at a price
of 100.68, a net interest cost of
1.174%.
Dated May 1, 1945.
De¬
nomination $1,000.. Due May 1, as
follows: $12,000 in 1947 to 1949,
$13,000 in 1950 and 1951, $14,000
for
and will deliver the bonds to the
.It is antici¬
Passed
ly to Blyth & Co., and the Seattle
retirement,
either by direct appropriations or
the issuance of county refunding
-bonds.
bonds
First
Supervisors, specifically
designated by the purchaser
Ordinance
Bond Sale—An issue of
school
debtedness of its magisterial dis¬
tricts after
Municipal Bond Sales in March
The volume of long-term
Kalama, Wash.
-
Bond
the executive form of government,
to take over the bonded road in¬
Board of
without cost to him.
$76,000, iy2s, and $24,000 iy4S,
price of 100.03.
a
Louis, First National Bank of March 7 an ordinance was
passed
Boston, and many banks in other
by the Town Council calling for
cities, as follows: $14,262,000 Los an issue of
$75,000 water refund¬
Angeles Housing Authority, Cal.;
ing bonds, not exceeding 3V2%.
$2,760,000 Norfolk Housing Au¬ Dated
May 1, 1945.
Denomina¬
thority, Va., notes, at .44%; $406,- tion
$500. These bonds are due on
000 Burlington Housing Authority,
May 1, as follows: $1,000 in 1947
N. J.; $1,478,000 Camden Housing
and 1948; $1,500 in 1949 and 1950,
Authority, N. J.; $503,000 Tenth
$2,000 in 1951 to 1955; $2,500 in
Series, Holyoke Housing Author¬ 1956 to
1961; $3,000 in 1962 to
ity, Mass.; $719,000 Moline Hous¬
1965; $3,500 in 1966 to 1969; $4,000
ing Authority, 111., $1,470,000 Seat¬ in
1970, and $5,000 in 1971 to 1973.
tle
Housing
Authority,
Wash., Redeemable on and after 10
years
notes, at .46%, and $665,000 Alex¬ from date.
Principal and interest
andria
Housing Authority, La.,
(M-N)
payable
at
the
Town
and
$101,000 Tuckahoe Housing Treasurer's office.
Authority, N. Y,, notes, at .47%,
All plus small premiums.
King County Sch. Dist. No. 414
Salomon
Bros.
& Hutzler, of
(P. O. Seattle), Wash.
purchase
considered
for
St.
bidders
Tex.
of
of
of
of
Co., New York Trust Co., both
York; Northern Trust Co.
Chicago, National City Bank
Cleveland, First National Bank
New
onday, April 16, 1945
1945
of)
Maturities
understood
that
Douglas, Provincial Premier,
Fines, Provincial Treas¬
are discussing the refunding
and C. M.
urer,
1945
with dealers in Toronto
maturities
and New
Canadian funds and $3,000,000 of
4^2% bonds due Sept. 15 and pay¬
able in Canadian funds only. Last
year
institutional holders of
turing
bonds
bonds
in
chewan
maturities
consist
of
$2,-
took
order to
to
Institutional
York.
The
250,000 of 41/2% bonds due July 2,
and payable in United States or
maturities
meet
new
enable
its
ma¬
3%%
Saskat¬
maturities.
holdings of the 1945
are
thought to be small.
@FedFRASER