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ESTABLISHED 1S39
In 2 Sections
The Commercial
Financial
an
—
Section 2
d
Chronicle
Reg. U. S. Pat. Office
Volume
189
Number 5838
New
York
7, N. Y., Thursday, April 16, 1959
Price
50
k...
TEXAS
GROUP
INVESTMENT BANKERS ASSOCIATION
■
I
•
-
.
OF AMERICA
%
24th Annual Convention
SAN
ANTONIO, TEXAS
APRIL
1-3, 1959
\
Cents
a
Copy
2
TEXAS
GROUP
EXECUTIVE
C
OF
M
O
M
I
T
IBA
IT
E
E
SECRETARY-
CHAIRMAN
John P, Henderson
B. Franklin Houston
M. E. Allison A Co.,
Inc.,
San
Dallas
Antonio
ties
C
Wm. A. Beinhorn,
Russ
Inc.,
A
Jr.
Winston A
Co., Houston
M
M
I
John W. Turner
Antonio
T
T
Walter M. Sorensen
Rotan, Mosle A Co.,
E
E
Earl G.
Wilbur E. Hess
Hess
A
Company,
Houston
John W. Pancoast
Dewar, Robertson
Pancoast, San
Antonio
A
PUBLIC
Dallas
William C. Porter
I
f
Dittmar A Company,
Inc., San Antonio
SAVINGS
SECURITIES
EDUCATION
R. Brud Smith
RELATIONS
BOND
Taylor B. Almon
Rauscher,
Co.,
Pierce
Inc.,
Dallas
B. Franklin Houston
A
Dallas Union Securi¬
ties Co~
Inc., Dallas
Charles
C.
Pierce
Rauscher, Pierce A
Co., Inc., Dallas
CHAIRMEN
MUNICIPAL
LEGISLATION
Fridley
& Frederhing, Houston
EE
Newton
MEN
Fridley
Houston
COMMITT
R.
Lentz, Newton A
Co., San Antonio
Rowles,
Eppler, Guerin A
Turner, Inc., Dallas
Company,
San
0
SECRETARY
Frank
Russell R. Rowles
Union Securi¬
Co., Inc., Dallas
EXECUTIVE
TREASURER
VICE-CHAIRMAN
VICE-CHAIRMAN
John P. Henderson
M. E. Allison
Inc.,
San
MEETINGS AND
NOMINATING
A Co.,
Antonio
Nelson
Waggener
Walker, Austin A
Waggener, Dallas
MEMBERSHIP
W. C.
Jackson, Jr.
First Southwest
Company, Dallas
ENTERTAINMENT
Milton
Halpern
Rauscher, Pierce A
Co., Inc
San Antonio
Volume 189
Number 5838
The Commercial and Financial Chronicle
...
3
\
Underwriter
John
P.
Warren
Distributor
•
Dealer
Henderson, M. E. Allison & Co., San Antonio, Chairman of the Texas Group of I. B. A.;
Crowell, Crowell, Weedon <ft Co., Los Angeles, Vice-President of Investment Bankers
H.
Association
of
America;
Murray
Hansen,
General
Counsel,
Investment Bankers
Association
of
America; W. C. Jackson, Jr., First Southwest Company, Dallas
FIRST
<Sotd/lW€4t COMPANY-
mercantile bank building
dallas
Abilbne
Houston
Lubbock
Plainvibw
San Antonio
Tyler
Joseph D. Krasowich, Gregory & Sons, New York; Francis X. Coleman, Gregory & Sons, New York;
Mr.
&
Mrs.
Walter
M.
Sorensen,
Rotan, Mosle
&
Co., Houston
FIRM
BIDS
AND
OFFERINGS
"><s>4a&
UNDERWRITERS
DISTRIBUTORS
DEALERS
•
SKI
:
Municipal
FIRST
&
Mrs. M. M.
I
2.
J
BANKERS
NATIONAL
DALLAS
Mr.
Company
w
INVESTMENT
600
w
lies
BANK
BUILDING
TEXAS
Hatcher, First National Bank, Dallas; Mr. & Mrs. E. J. Alt gelt, Harris Trust &
Savings Bank, New York
SPECIALISTS
IN
SECURITIES
OF
THE
SOUTHWEST
PRIVATE
SPECIAL
PLACEMENTS
SITUATIONS
PRIVATE
WIRE
TO
STRAUSS.
BLOSSER
ft
MCDOWELL.
NEW
YORK
CITY
Teletypes DL 558 (Municipal), DL 998 (Corporate)
Telephone Riverside 8-5081
Enterprise Telephone Numbers
New York (Enterprise 6434)
BRANCH
William H. Urell, F. S. Smithers
& Company, New York; Francis J. Cunningham, Kidder, Peabody &
Co., New York; James S. Abrams, Allen & Company, New York; Wilbur H. Frederking, Fridley &
Frederhing, Houston; Russell M. Ergood, Jr., Stroud & Company, Incorporated, Philadelphia
OFFICES:
10NGYIEW
Chicago (Enterprise 6234)
•
LUBBOCK
•
SAN
ANTONIO
The Commercial and Financial Chronicle
4
.
.
.
Thursday, April 16, 1959
Rauschee, Pierce & Co., Inc.
Member
r/'.
New York Stock
Midwest Stock Exchange
Exchange
American Stock
Exchange (Associate)
Underwriters
Brokers
•
Dealers
•
Distributors
Louis
Municipal Bonds
Bank and Insurance
Pauls, Louis Pauls & Co., Galveston; Mrs. Arnold Kocurek, San Antonio;
Nongard, Nongard, Showers & Murray, Inc., Chicago
Mr.
Sc.
Mrs. R. C.
Company Stocks
Mutual Investment Funds
Public
Bonds
—
Utility, Railroad and Industrial
Preferred Stocks
Common Stocks
—
Mercantile Dallas
Building
Dallas 1, Texas
Austin
Fort Worth
•
Midland
Riverside 1-9033
•
Odessa
•
Harlingen
San Antonio
•
Houston
•
•
Tyler
•
Lubbock
Fayetteville, Ark.
•
Mr.
TEXAS
&
Mrs.
John
National Corp., San
MacKenzie, North American Securities Co., San Francisco; Gus Nelson, Texas
Antonio; Mr. & Mrs. John W. Coles, Jr., North American Securities Co., Houston
MUNICIPAL BONDS
Central Investment Company
of texas
4310 Westside Drive, Suite D
P. O. Box 1738
Dallas 21, Texas
Bell
Teletype—DL 586
LAkeside 6-3818
Edmund
San
J. Wardell, Distributors Group, Incorporated, Houston; Gus Nelson, Texas National
Corp.
Antonio; John L. Abbe, Distributors Group, Incorporated, New York; Edward H. Keller,
Texas National Corp., San Antonio
UNDERWRITERS and DISTRIBUTORS
Complete
n
Information
Southwestern
For Firm
Bids
on
Call, Wire
Issues!
Texas
or
Municipals,
Write
Bond Department
REPUBLIC
NATIONAL BANK OF DALLAS
Rl 1-5587
TEL
•
TWX-DL-418
Rl 1-5761
MEMBER F. D. I. C.
*j, Mrs.James F. Jacques, Mr.
Southwest
all of First
& Mrs. William C. Jackson, and Mr. Sc Mrs. William Smallwood
Company, Dallas; Cushman McGee, R. W. Pressprich & Co., New York
Volume 189
Number 5838
...
The Commercial and Financial Chronicle
Underwriters
—
CORPORATION
Distributors
AND
—
Dealers
MUNICIPAL SECURITIES
\
TRADING
LEADING
MARKETS
SOUTHWESTERN
IN
SECURITIES
AND
TEXAS
INSURANCE STOCKS
Murray Hansen, Investment Bankers Association of America, Washington, D. C.; Mrs. Keen Ferguson;
Mr. & Mrs. H. H. Dewar, Dewar, Robertson A Pancoast, San Antonio
Russ & Company
INCORPORATED
Members
New York Stock
Exchange
American Stock Exchange
Alamo National
SAN
FORT
ANTONIO
5, TEXAS
WORTH
SAN
Bids and
Firm
Brud Smith, Executive Secretary, Texas Group, I. B. A.; Scanland Hilger, Dallas Rupe A Son, Inc.,
Dallas; R. A. Underwood, Jr., R.A. Underwood A Co., Inc., Dallas; W. E. Tinsley, Municipal Advisory
Council of Texas, Austin; Robert E. Carlson, R. A. Underwood A Co., Dallas
(Associate)
Building
TEXAS
ANGELO
Offerings
MUNICIPAL
Pli^
mP
/#«■#
-
W$m
p
-1
m
$r;
A
M
Bond
,
m
Jf
1
FIRST
.
Department
NATIONAL
m
IN
DALLAS
The Bank Wire to
Principal Markets
Telephone Rl 8-5471
Walker, Austin A Waggoner, Dallas; Mr. & Mrs. Jesse Sanders* Sanders A
Co., Dallas; Mr. A Mrs. Nelson Waggoner, Walker, Austin A Waggoner, Dallas
Mr. & Mrs. Frank Austin*
Watching Fiesta Show at River Theater
BANK
"IP
m
Dancing at La Villita
•
Teletype DL 94
6
The Commercial and Financial Chronicle
k
.
.
.
Thursday, April 16, 1959
Exdiange
John
W.
Fagan;
Turner, Eppler, Guerin A Turner, Inc., Dallas; Mrs. Walter Sorensen, Houston; Mrs. Marie
William H. Gregory III, Gregory A Sons, New York; Paul J. Fagan, National Association of
Securities Dealers; Walter Sorensen, Rotan, Mosle A Co., Houston
Dallas Union
Securities Co., Inc.
1001
Adolphus Tower
Fort Worth National Bank Bldg.
Dallas
Fort Worth
Members
New York Stock
Midwest Stock
American Stock
JOHN
M.
Exchange
Arnold J. Kocurek, Rauscher, Pierce A Co., Inc., San
Antonio; William F. Parvin, Austin, Hart A
Parvin, San Antonio; Mrs. Dorothy Siefert, Kansas City, Mo.; Lewis W. Pollok, Eddleman-Pollok
Co.,
Houston; Charles B. Benedict, R. W. Pressprich A Co., New York
Exchange
Exchange (Associate)
HAMILTON
WILLIAM
S.
HAMILTON
TEXAS MUNICIPAL BONDS
Underwriters
Local
—
Distributors
—
Dealers
Corporation Securities
Mutual
Funds Shares
Hamilton Securities
Incorporated
Company
Kirby Bldg., Dallas 1, Texas
Richard
St.
Riverside 2-8733
—
8734
Bell
Teletype
—
D.
Louis;
Bros.
DL 992
Morey, A. C. Edwards A Sons, St. Louis; Newell S. Knight, Mercantile Trust
Company,
Mr. & Mrs. James F. Rafferty, Schwabacher A Co., San Francisco; Joseph Graff, Salomon
A
Hutzler, Dallas;
Mr. &
Mrs. Harry F. Reed, Municipal Securities Company, Dallas
Dealers In
MUNICIPAL SECURITIES
711 HOUSTON STREET
FORT WORTH, TEXAS
FT 1105
Tin
EDiton 2-4301
THE FIRST
NATIONAL BANK
FORT
WORTH,
TEXAS
Bank Wire
\
T. E. Graham, The First National Bank of Ft.
Worth, Ft. Worth; Earl G. Fridley, Fridley A
Frederking, Houston; Mr. & Mrs. Douglas Hansel, Shields A
Company, New York; Clarence E. Sample,
Mercantile National Bank, Dallas;- Herman B.
Josepb, Joeeph, Mellon A Miller, Inc., Cleveland
Volume 189
Number 5838
...
The Commercial and Financial Chronicle
7
See
a
Mercantile Man
'C''
about
Mm
Municipal Bonds
m*.
W.
C. Porter,
Dittmar A Company, Inc., San Antonio}
Mrs. John Hamilton;
E. W. Franklin, Dittmar A Company, Inc., Dallas; John M. Hamilton,
Hamilton
Securities Company,
Riverside
Mrs. Ed. W. Franklin; Mrs. W. C. Porter;
Incorporated, Dallas
MERCANTILE
■liAilSifA-l.'.BSNK
Mftfnfear fe&itrtA
m
1-4181
Coirpo ration
*
*
'"i.-
■
Sanders
&
Company
Members New York Stock
republic
national
Exchange
bank
bldo.
Dallas
Mr.
&
Mrs. Jesse Sanders, Sanders A Company, Dallas;
Carl Stolle, G. A. Saxton A Co., Inc., New
York; Mr. A Mrs. Nelson Waggener, Walker, Austin A Waggener, Dallas;
Mr.
Mrs. Robert
&
R.
Gilbert, Sanders A Company, Dallas
L
Hauser, Murdoch, Rippey
Adolphus Tower
Bell
•
Teletype—DL 99
Telephone
Riverside
Direct Private Wire to New York
BROKERS
—
&
Co.
Dallas 2, Texas
1-1686
City
DISTRIBUTORS
DEALERS IN LISTED AND
Harold J. Silver, Municipal Securities
UNLISTED SECURITIES
Company, Dallas; Mr. A Mrs. Maurice M. Hatcher, First National
Bank, Dallas; Mr. A Mrs. M. A. Hagberg, Municipal Securities Company, Dallas;
Mrs. A Mrs. William A, Jeffers, Dittmar A Company, Inc., San Antonio
■
\
Dealers in United States Government Securities
And Bonds of the Federal.
Agencies
Specializing in Underwriting and Distributing
Texas Municipal Bonds
BOND
DEPARTMENT
TEXAS
and
Trust
Teletype—DL 493
Mr. A Mrs. William N. Edwards, William N. Edwards A Co* Ft. Worth;,Mrs. Louis Kocurek, San
Antonio; Mrs. MiltonS. Halpern, San Antonio; Mr. A Mrs. Charles C. Pierce, Rauscher, Fierce A Co.,
Dallas; Mr. A Mrs. E. Kelly Brown, E. Kelly Brawn Investment Co* Dallas
.
:
BANK
Company of Dallas
MAIN AT LAMAR
Wire System
—
The Bank Wire
—
Riverside 1-9141
Call DTBC
The Commercial and Financial Chronicle
One
of
our most
...
Thursday, April 16, 1959
important services to
York; Keith Reed, Arthur Wiesenberger &
Mr. & Mrs. Daniel C. Kennedy, Jr., Lord, Abbett & Co., Chicago; Mr. & Mrs. D.
Acheson Keeler, Lord, Abbett & Co., Chicago
Arthur J. C. Underhill, Arthur Wietenberger A Co., New
Co., Dallas;
Chicago Telephone to Bond Department Dial ill Kequeet EnterprUe 9479
MILUON
OVER *000
RESOURCES
Investment
Quality
Stocks and Bonds
Texas
Municipal Bonds
Dallas
metropolitan
membf c»
mium si
stock
corporation
( xchangk
Mr. & Mrs. William E.
•
Jauer, Lentz, Newton A Co., San Antonio; Mr. & Mrs. Thomas Pawel, Lentz,
Newton A Co., San Antonio; Mr. & Mrs. Harold J. Sigler, Lentz, Newton A Co., San Antonio;
Mr. & Mrs. Ernest L. Brown 3rd, Lentz, Newton A Co., San Antonio
Rlvereide 8-8661
MERCANTILE BANK BUILDING ARCADE
DALLAS, TEXAS
SCHNEIDER, BERNET & HICKMAN, INC.
1505 ELM STREET
DALLAS 1, TEXAS
riverside
Teletype DL
8-1201
286
Mr,
&
Mrs. Ed Muir, Muir Investment Corp., San Antonio;
Houston;
Mr.
&
Mrs.
John
H.
Kramer,
Earl G. Fridley, Fridley A Frederking,
Harriman Ripley A Co. Incorporated, Chicago;
Trust Company, St. Louis
Newell S. Knight, Mercantile
UNDERWRITERS
DISTRIBUTORS
—
—
DEALERS
TEXAS
MUNICIPAL
BONDS
CORPORATE
STOCKS
UNLISTED
LOCAL SECURITIES
&
&
BONDS
R. A. UNDERWOOD & CO.
Incorporated
MERCANTILE BANK BLDG* DALLAS 1, TEXAS
Bell
Teletype DL 492
Representatives
Riverside 1-9295
—
Bdton
—
Edinburg
Charles
San
H. Poulton, Texas National Corp., San Antonio; John Jockusch, Dittmar A
Company, Inc^
Antonio; Edmund J, War dell, Distributors Group, Incorporated, Houston; George E. Dulling,
Texas Nations! Corp* San Antonio
Volume 189
Number 5838
.
.
.
The Commercial and Financial Chronicle
EXPERIENCE
YEARS
in the Texas
Securities Market
Underwriters, distributors
'n
and dealers
Municipal and Corporate Securities
& Company .
Mr. &
§^-1
Co., Kansas City, Mo.; Mr. & Mrs. William A.
Jr., Russ A Company, Inc., San Antonio
Mrs. Russell Siefert, Stern Brothers A
I,:?
''i
P
h % W^
j§f
Beinhorn,
1|| W- j
*
|
201
MEMBERS
•
DALLAS, TEXAS
ANTONIO, TEXAS
SAN
Dnc
Dallas Federal Savings
North St. Mary's Street
NEW YORK STOCK EXCHANGE
AMERICAN STOCK EXCHANGE
MIDWEST
STOCK
(ASSOC.)
EXCHANGE
TEXAS^FUND
A
MUTUAL FUND
INVESTING IN
SECURITIES OF THE SOUTHWEST
Prospectus
may
be obtained from
local investment dealer
Joseph M. Luby, Commerce Trust Company, Kansas City, Mo.; Warner
A McDowell, Chicago; William S. Shanks, The Bond Buyer, New
Wm. E. Pollock A Co., Inc., New York
your
or
TEXAS FUND MANAGEMENT
A. Rosenthal, Straus, Blosser
York; George W. Hall,
COMPANY
;
Principal Underwriter
423 Texas National Bank Bid?.,
Houston 2, Texas
Bell Teletype: HO 566
Telephone: CApitoI 7-0211
#
DEALERS
DISTRIBUTORS
UNDERWRITERS
TEXAS
MUNICIPAL BONDS
Murray W. Moore & Company
Mr.
&
Mrs.
Leslie
L.
Lentz, Newton A Co^ San Antonio; Mrs. Isa
Mr. & Mrs. Pleas J. McNeel, Lentz, Newton
San Antonio;
Garrett, Lentz, Newton A Co.,
A Co., San Antonio
FIRST
Fhone Riverside 1-6475
■
NATIONAL
BANK
DALLAS 1,
BUILDING
TEXAS
Bell Teletype
DL-160
•'
r/wijfenw
A. C. AUyn A Co^ Chicago; Charles B.
City; Mrs. Ernest L. Brown III, San Antonio; E. Budd
Sanford C. Miller,
Benedict, R. W. Pressprich A Co., New York
Laughlin, Harry Downs A Co., New York
Bldg.
1
10
The Commercial and Financial Chronicle
.
.
.
Thursday, April 16,1959
I
Rotan, Mosle & Co.
/
MEMBERS
NEW
YORK
■
.
I
EXCHANGE
STOCK
AMERICAN STOCK
EXCHANGE
i
.
i
OUR PRIMARY BUSINESS IS THE
i
RETAIL DISTRIBUTION OF
BETTER GRADE SECURITIES
OF ALL TYPES.
HOUSTON
BEAUMONT
GALVESTON
Norval
VICTORIA
New
DALLAS
Keith, Schneider, Bernet A Hickman, Inc., Dallas; Avery Rockefeller, Jr., Dominick A Dominick,
York; Draper Hill, Harness A Hill, Incorporated, Boston; A. Baker Duncan, Rotan, Mosle A Co.,
Houston; Carter Johnston, Raxxscher, Pierce A Co., Inc., San Antonio
Direct Private Wires to:
Clark, Dodge A Co., New York, Gregory A Sons, New York,
and
☆
leading Texas Cities.
☆
In
Specializing
Te xas Municipal
Bonds
☆
☆
John
Alex
I
☆
I
☆
We offer facilities developed
by many
of serving buyer and seller of these
securities. Offerings substantiated by
comprehensive portfolio of ou# own
investigation.
Bayne, Rotan, Mosle & Co., Houston; William M. Parks, Charles J. Eubank Co., Inc., Waco;
Stevenson, Vance, Sanders & Company, Nashville, Tenn.; James W. Pope, Glore, Forgan & Co.,
Chicago; Floyd R. Westerman, M. E. Allison & Co., Inc., San Antonio
years
Established 1923
☆
☆
McCLUNG & KNICKERBOCKER
505 Texas National Bank Building
1
HOUSTON 2, TEXAS
Bell
Teletype HO 298
CApltol 3-4583
☆
E*
John
W. Turner, Eppler, Cuerin A Turner, Inc., Dallas;
Eugene D. Vinyard, Eppler, Guerin A
Turner, Inc., Dallas; Mr. A Mrs. A. Ray Edsel, Smith, Barney A Co., Chicago; Mr. A Mrs. E. James
Seal, M. E. Allison A Co., Inc., San Antonio; Mr. A Mrs. Edward W. Holland, Creston H. Funk,
v
t .1
Hobbs A Co., San Antonio
i,
„
,
^
iI,.
DIRECT PRIVATE WIRES TO
TO
DEWAR,
NEW YORK
ROBERTSON
f
HANSEATIC CORPORATION
&
PANCOAST.
SAN
NEW
ANTONIO
YORK AND
Frank
J.
R.
\
r;,X
t....
,
..
.
J. Ronan, New York Hanseatic Corporation, New York; Mr. A Mrs. John S. Weathers
ton,
Phillips Investment Company, Incorporated, Houston; Jesse R. Phillips, Jr., J. R. Phillips
Investment Company, Incorporated, Houston; Mr. A Mrs. Leon Walthall, Jr.,
Dewar, Robertson A Pancoast, San Antonio
Volume 189
Number 5838
...
The Commercial and Financial Chronicle
11
B. F. Houston,
Bob
Spence,
Dallas Union Securities Co., Inc., Dallas; M. M. Hatcher, First National Bank, Dallas;
Gibson, Spence A Gibson, Dallas; William King. State Securities Commissioner, Austin
Underwood, Neuhaus
&
Co.
INCORPORATED
HOUSTON CLUB BUILDING
-
V.'
MEMBER-NEW
YORK
CORPORATE
Henry E. Jensen, Calvin Bullock, Ltd., Kansas City, Mo.; Tom Ball, Jr., Brown, Wareing, Ball A Co.,
Houston; Marsotn B. Pratt, Estabrook A Co., Boston; Thomas E. Leahy, Underwood, Neuhaus A Co.,
HOUSTON, TEXAS
•
STOCK
AND
EXCHANGE
MUNICIPAL
.
SECURITIES
jVridley <£.
Incorporated, Houston
Frederkirtcj
INVESTMENT
BANKERS
Afembers Midwest Stock Exchange
TEXAS
NATIONAL
HOUSTON
2,
Telephone CApitol 8-8221
BANK
BLDG.
TEXAS
Teletype HO 42
Richard
A
Morey, A. G. Edwards & Sons, St. Louis; W. Perry McPherson, Merrill Lynch, Pierce, Fenner
Smith, Incorporated, Dallas; Francis I. Abshire, Moroney, Beissner A Co., Houston; Fred Bolton,
Muir Investment Corp., San Antonio; Harry
Ratliff, Lovett Abercrombie A Co., Houston
UNDERWRITERS
♦
DISTRIBUTORS
DEALERS
•
TEXAS
•
Municipal Bonds
•
Corporate Securities
Members Midwest Stock Exchange
TELEPHONE
CApitol 2-9944
TELETYPE
VJlNSfON
1130
John
M.
Greer, McClung A Knickerbocker, Houston; A. Gene Owen, Rauscher, Pierce A Co., Inc.,
John S. Davis, Republic National Bank, Dallas; Philip F. McManus, New York Hanseatic
Corporation, New York; B. W. Lucas, Fort Worth National Bank, Ft. Worth, Texas'
Houston;
HO 395
BANK
OF THE SOUTHWEST
HOUSTON 2, TEXAS
BLDG.
The Commercial and
12
Financial Chronicle
...
Thursday, April 16,1969
TEXAS
MUNICIPALS
—
CORPORATES
BANK & INSURANCE STOCKS
'ddleman-JLolIok
JEddleman -]Eoll Co.
Bank of the Southwest
Building
HOUSTON 2, TEXAS
CApitol 8-1427
Teletype HO 261
Mr.
&
Mrs.
Charles
Co., Inc., New York;
C. Pierce, Rauscher, Pierce
& Co* Inc., Dallas; Emmett H. Eaton, Wdistort A
Mrs. Milton Halpern, San Antonio; Francis J. Cuningham, Kidder, Peabody A
Co., New York; H. L. Flynn, McDonald A Company,
Cleveland; Louis J. Kocurek,
Rauscher, Pierce A Co., Inc., San Antonio
BROWN, WAREING, BALL & CO.
BANK
SOUTHWEST
THE
OF
BUILDING
HOUSTON
40 Years
Specializing in
Southwestern
Corporates and Municipals
:
,
Mr. & Mrs. W. Lewis Hart, Austin,
A
Hart A Parvin, San Antonio; William A. Halpern, Rauscher, Pierce
Co., Inc., San Antonio; James Rowley, Chemical Corn Exchange Bank, New York;
Mr. & Mrs. Bedell Moore, Austin, Hart A Parvin, San Antonio
■:; v
MORONEY, BEISSNER & CO.
Investment Bankers
Bank of the Southwest
HOUSTON
Bldg.
2, TEXAS
Convention pictures appearing in this issue
available from
Zavell
SMITH
PHOTOGRAPHERS
at
2118
N.
$1.50
MAIN AVE.,
Mr. & Mrs. John P.
a copy
Henderson, M. E. Allison A Co., Inc., San Antonio; Mr. & Mrs. Landon A. Freear,
William E. Edwards A Co., Ft. Worth; John C. Senholzi, Chase Manhattan Bank, New York
SAN ANTONIO 12, TEXAS
PErshing 5-5245
u
WHITE, MSTERSOH SCO.
Rusk Building
HOUSTON 2, TEXAS
Bell
Teletype
HO 322
Telephone
CApitol 4-7643
John H.
Kramer, Harriman Ripley A Co. Incorporated, Chicago; Milton Halpern, Rauscher, Pierce A
Co., Inc., San Antonio; Robert R. Brinker, John Nuveen A Co* Chicago; Jack C. Payne, Dallas Union
Securities Co* Inc., Dallas; John S. Weathers ton, J. R. Phillips Investment Company, Incorporated,
Houston; Glenn R. Schultz, Continental IUinoie National Bank A Trust Company, Chicago
Volume 189
Number 5838
...
13
The Commercial and Financial Chronicle
First Of Texas Corporation
w.
Wallace
Payne,
President
Texas Municipal Bonds
Richard
C.
Nongard,
Nongard,
Showers
&
Murray,
Inc.,
Chicago;
Mr.
&
Mrs. Shelby
Friedrlchs,
Howard, Weil, Labouisse, Friedrichs & Co., New Orleans; Mrs. Charles C. Pierce, Dallas;
Mr. & Mrs. Louis Kocurek, Rauscher, Pierce & Co., Inc., San Antonio
Suite 804—201 No. St. Marys St.
SAN
ANTONIO
5, TEXAS
Teletype SA 13
CApitol 7-9253
Dealers
Distributors
Underwriters
Lentz, Newton & Co.
Members
New
York
American Stock Exchange
Stock Exchange
(Assoc.)
Corporate and Municipal Securities
Alamo
SAN
Mr. & Mrs. Robert M.
Ayres, Jr., Russ & Company, Inc., San Antonio; Miss Olga Kocurek, Rauscher,
Pierce & Co., Inc., San Antonio; Mr. & Mrs. Jake Martin, Mercantile National Bank, Dallas
National Building
ANTONIO
5, TEXAS
Bell
Telephone: CApitol 7-2361
Gregory & Sons Private Wire
&
Mrs. John W. Pancoast, Dewar, Robertson & Pancoast, San Antonio; Mr. & Mrs. Neill
Masterson, White, Masterson & Co., Houston; Mr. & Mrs. Jack P. Brown, Dallas Union
Securities Co., Inc., Dallas
BRANCH
114 E. Constitution St.
Center
Hlllcrest 5-1469
TAylor 4-3244
Mr.
SA 45
System
VICTORIA
SUBURBAN OFFICE
Petroleum
Teletype:
T.
Texas
National Corp.
Retail is Our Outlet
GUS
NELSON
EDWARD H. KELLER
TRANSIT TOWER
Telephone CApitol 7-3401
Mr. & Mrs. Henry Keller, Jr., First of Texas Corporation, Ft. Worth; Creston H. Funk, Creston H.
Funk, Hobbs & Co., San Antonio; Mr. & Mrs. Edward W. Holland, Creston H. Funks, Hobbs & Co.,
San
Antonio
■
SAN ANTONIO
Bill
5, TEXAS
Talttype SA At
14
The Commercial and Financial Chronicle
LEWIS
LYNE,
Mercantile
In Attendance at Texas IBA
Allen
8c
Crockett
Company
York
New
CROCKETT,
S.
Meeting
Co.
North
New
Bank
Dallas, Texas
Texas
M. R.*
Dallas,
ALLISON,
Allison
E.
M.
&
Inc.
Co.,
Antonio
San
New
ALSBUBY, ED*
Merrill
Lynch,
Fenner
Pierce
E.
ALTGELT,
J.,
Trust
Harris
Bank
First
Currie
Texas Corp.
of
Louis
Antonio,
ARNESON, RICHARD O.*
Dittmar
& Company,
Antonio, Texas
San
I
Inc.
,
h
Austin
Walker,
Waggoner
8c
Dallas
ROBERT M„
8c Co., Inc.
Russ
San
JR.*
JR.
Wareing,
TOM,
BALL,
Brown,
Ball
8c
DULLNIG,
Co.
Texas
Houston
San
DAVE
BARNES,
&
Ranson
Drexel
DUSON,
Co.
&
SAM J., JR.*
BEARD,
Equitable
BEAUDRY, ROFLE W.
Fridley
Frederking
8c
Moroney, Beissner 8c
Texas
Houston,
BELL,
Bank
National
Antonio, Texas
CHARLES B.
R. W. Pressprich
|
New York City
Muir
National Assn.
Trust
Fort
Co.
BURKHOLDER,
New
Co., Inc.
Management
San
Corp.
New
O.
Fenner & Smith,
Management Corp.
8c
Hickman,
Inc.
Company
JOHN B., JR.
Co.
E.
Pollock 8c Co.,
Inc.
Trust 8c Savings Bank
Inc.
Louis,
New
Mo.
Securities
Co.
Columbian
Securities
Corp.
Antonio
Exec.
THOMAS
DOUGLAS
A;
R.*
Co.
MURRAY
Secretary of I. B. A.
Washington
B.
Fort
Worth
Fort
Bank
8c
Company
J. R., JR.
Phillips Investment
CHARLES
E.
Investment
Co.
Antonio
Walker, Austin
8c
C.*
<
New
Parvin
York
Dewar,
LEON N.,
Robertson
8c
JR.*
Pancoast
San Antonio
Antonio
Company
Houston
WALTON, D. EDWARD
Municipal Securities Company
Dallas
WARDELL, EDMUND J.
POPE, JAMES W.
Glore, Forgan 8c
Distributors
Co.
WATSON,
WILLIAM
8c
C.*
Company,
Value
Inc.
San Antonio
New
Line
8c
JR.
Wells
SMILEY
National
Bank
WHITE, WILLIAM f.
Blyth & Co., Inc.
Chicago
WHITLOCK,
Co.
R.
E.
Tucker
&
Co., Inc.
Austin
Abercrombie
Co.
WILSON, WILL*
„
Attorney
RAUSCHER, JOHN H., JR.
Dallas
Distributors, Inc
GRADY,
York
Frost
Francisco
New
Fund
HENRY
San Antonio
Mass.
Rauscher,
Inc.
H.
York
WHITE, L.
Co.
&
GAVIN
Andrews
Corp.
San Antonio
&
New
WELLS,
National
Group,
Houston
Chicago
Dittmar
Waggoner
L.
Cruttenden, Podesta 8c Company
Chicago
WALKER, GRAHAM
Dempsey-Tegeler 8c Co.
Cq.
Company
Eddleman-Pollok
PORTER,
8c
San Antonio
WALTHALL,
Houston
D.
Inc.
S.*
FLOYD R.«
Allison 8c Co., Inc.
WALCOWICH, B.
Austin, Hart &
Rauscher, Pierce 8c Co.
Lovett
JOHN
WALES, DONALD
Kidder, Peabody 8c Co.
York
Phillips
James C.
National
DAVID
Friedrichs
RATLIFF, HARRY
Worth
LYNCH,
R.
M.
R.
Stewart
Schwabacher
W.*
Co.
&
WAGGONER, NELSON*
Houston
San
Smithers
York
WESTERMAN,
RAFFERTY, JAMES F.
Co.
City
Co., Inc.
Dallas
S.
Boston,
LUBY JOSEPH M.
LUCAS,
J.
Inc.
San
ALLISON
Estabrook
Antonio
Trust
Co.,
PRATT, MARSOM B.»
LESLIE L.*
Lentz, Newton & Co.
Commerce
Securities
WALLACE*
Orleans
Texas
&
Dallas
Co.
R.
R. A., JR.*
WEATHERSTON,
POULTON, CHARLES H.
E.
LENTZ,
Kansas
York
HANSEN,
COX, MORGAN K.*
J.
York
LEAHY,
San
HAMILTON, JOHN M.»
Shields
Antonio
C.
WILLIAM
S.
New
POLLOK, LEWIS W.*
Co.
J.
VINYARD, EUGENE D.
Eppler, Guerin 8c Turner,
Paso
San
Antonio
WILLIAM
Company
Texas Corp.
of
Pitman
Corp.
Houston
Co.,
Antonio
HANSEL,
San
F.
PITMAN, B. F., JR.*
J.
National
8c
Dallas
Underwood, Neuhaus 8c Co., Incorporated
HALPERN, MILTON*
Rauscher, Pierce &
San
/
EUGENE
Texas
New
W.
Dallas
COX, CLARK*
LAMM,
URELL,
Antonio
Harold
J.
Turner, Inc.
Houston
PEIRCE.
El
&
riAiiflfl
Union
PIERCE.
D.
York
M. Dain 8c Co., Inc.
Minneapolis
LAUGHLIN, E. BUDD
Harry Downs & Co.
York
Hamilton
Bros.
Dallas
•
LAU,
Dallas
Wm.
JR.*
Worth
J.
New
Houston
Lehman
Fort
New
of Texas
W.
R. A. Underwood
PHILLIPS,
Chicago
KRASOWICH, JOSEPH
San
Renshaw
HALL, GEORGE
W.,
Antonio
LACKEY, BILL
Municipal Securities
Municipal Securities
D.*
Bernet
North American Securities
San
Sons
York
&
8c
Inc.
Gregory 8c Sons
Chicago
COLEMAN, FRANCIS X.
Gregory & Sons
New York City
St.
8c
Co.,
8c Co.
Wiesenberger 8c Co.
UNDERWOOD,
PEDRICK, PARKS B., JR.
Howard,
Weil,
Labouisse,
KOCUREK, OLGA
Rauscher, Pierce 8c Co., Inc.
New
HAGBERG, M. A.*
City
Dallas
CORNELL,
of
GREGORY, WILLIAM H., IH
Rodman
Bros.
JOHN
Bank
f
HACKBERT, PAUL L.»
Dallas
COAKLEY, VINCENT P., JR.
Harris
National
Arthur
Inc.
Dallas
Harriman Ripley 8c Co., Inc.
Houston
Gregory
8c
Russ 8c
Company, Inc.
San
Antonio, Texas
STOTLER, ROGER G.*
Dallas
TOM E.*
Dallas
KRAMER, JOHN H.*
Worth
New
National Bank
COLES.
8c Hutzler
E.
Pauls
PAYNE, W.
J.*
Inc.
H.*
UNDERHILL, ARTHUR,
Antonio
First
Co.,
Austin
LOUIS
PAWEL,
San
8c
GEORGE
TURNER, JOHN
Eppler, Guerin
JOHN W.*
Lentz, Newton 8c Company
Antonio
San
McClung 8c Knickerbocker, Inc.
Chicago
EDWARD
T.
First
Fort
CLAYTON, JOHN B., in*
Schneider,
LOUIS
'Rauscher, Pierce
>
Pierce & Co., Inc.
PAYNE, JACK C.*
Antonio
San
Company
Antonio
San
Co.
Corp.
KOCUREK,
GREER, JOHN M.
WILLIAM G.
York
San
Dallas
The
Corp.
Chicago
Lehman
D.
Bros.
GRAHAM,
Trust
Chicago
KOCUREK, ARNOLD J.*
Rauscher, Pierce 8c Co.
York
Bros.
Pancoast
Louis
Boston
&
City
GENE*
Galveston
&
KNOWLES, WALTER E., Ill
Investment Corp.
Salomon
CHAPPELL, WILLIAM B.*
Shares
t>
GRAFF, JOSEPH C.
Inc.
Television
St.
First
RICHARD
Robertson
CARL
Saxton
York
New York
Louis
Antonio
D.
1
Houston
Dewar, Robertson 8c Pancoast
San Antonio
San
Co.
TAAFFE, ROBERT J.
Blyth 8c Company, Inc.
Chicago
TINSLEY, W. E.
Municipal Advisory Council
R.*
PARVIN, WILLIAM F.
Commission
Trust
Rowles, Winston
Commerce
EDGAR
ODpenheim
PAULS,
Mercantile
Inc.
Waco
KNIGHT, NEWELL S.
,
Sanders & Company
Dallas
HARLEY*
Securities Co.
Boston
San
of
A.
STOLTE,
Austin, Hart & Parvin
Securities
Dewar,
G.
Murray,
8c
WILLIAM M.*
Charles J. Eubank Co.,
KING, CRESTON A.*
GILBERT, BOB*
Antonio
Lynch, Pierce,
Funk, Hobbs & Co.
Bank
PANCOAST,
Texas
Company
York
New
PARKS,
Co.
& Gibson, Austin,
ALEC.
Sanders &
STOLLE,
R., JR.*
Houston
JR.*
Houston
W.
STEVENSON, STUART
Antonio
Rauscher,
Co.,
WeCWS & 8earlS' H0U8t0n
STEVENSON,
Vance,
Worth
M.»
New York
Showers
Oklahoma
JR.
&
&
GEORGE
SPENCE,' BOB08'
oil™011' Spence
CY.
A.
P.*
Dallas
ALAN C.
Mosle
SPARKS,
RICHARD C.*
OPPENFEIM.
Leo
BILL*
State
Rotan
Corp.
New
OWEN.
Austin
Antonio
Lehman
Dallas
Merrill,
KING,
I
Antonio
Muir
E.
R. A. Underwood 8c Co., Inc.
CARTWRIGHT, E.
Friedrichs
&
GIBSON,
ROBERT
Municipal
Labouisse,
GATTI, JOHN*
San
Corp.
Antonio
Inc
Corporation
Forgan
Chicago
Howard, Inc.
Boston, Mass.
GARRETT, ISA (MRS.)
Lentz, Newton & Co.
Corp.
CADWALLADER, A. H., JR.*
CARSWELL,
H.
Hickman,
Co.,
SORENSEN, WALTER
Bankers
Nongard,
Antonio
Glore,
Antonio
Eaton
Chicago
CARLSON,
Frederking
Weil,
&
KENNEDY, DANIEL C.,
Lord, Abbett 8c Co.
Chicago
KEVIN, THOMAS L.*
CRESTON H.
San
CABELL, LANDON
Investment
Co.
&
G.*
FURBER, DONALD E.
FRANK
Shares
8c
Creston
Nashville
Television
Edwards
EARL
Texas
Southwest
The First National Bank
of Forth
Fort Worth
Chicaeo
Corp.
HENRY,
SMALLWOOD, WlLLIAM
SNODGRASS,
philip R.*
National
National
of
Investment
norman.
Co.
SMITH, BRUD
Antonio
San
Bernet
&
Secretary Texas I.B.A. Dallas
NONGARD,
Co.
J.
Lentz, Newton & Co., San Antonio
SILVER, HAROLD J.
Municipal Securities Company, Dallas
First
Sons
&
Lentz, Newton 8c Company
San Antonio
Antonio
San
Orleans
FUNK,
&
KELLER,
Worth
Howard,
Equitable Securities
COBB,
San
Frederking
\
Edwards
NEWTON, FRANK
KELLER, EDWARD H.
FRIEDRICHS, G. SHELBY*
JACK P.*
Union Securities
Dallas
New
Co., Inc.
N.
Inc.
Dallas
Houston
BROWN, KELLY E.*
E. Kelly Brown Investment Co.
First
Schneider,
Parvin
Houston
ACHESON*
D.
Abbett
8c
Brothers
Underwood, Neuhaus 8c Co.
Company,
First
Fridley
Dallas
CHORN,
8c
FRIDLEY,
Antonio
First
Company
BEDELL*
Hart
Bank, New York,
S.
Buyer, New York
Kansas City, Mo.
SIGLER, HAROLD J.*
C.
Antonio
San
Chicago
JCEITH, NORVAL
Texas
William
CLAYTON F.
BROWN, ERNEST L., Ill*
Lentz, Newton & Co.
San
Lord,
Houston
Co.
&
Stern
SANFORD
NEUHAUS,
JOHN
Cleveland
FREEAR, LANDON A.*
Northern
Muir
8c
Fridley
ROBERT P.*
&
&
J.
Antonio
KEELER,
Dittmar
Chicago
San
Corp.
D&IlflS
Chicago
Dallas
8an
Bond
Shawell 8c
Company, Houston
SIEFERT, RUSSELL E.*
Inc.
ARTHUR P.*
The Parker Corporation
Boston, Mass.
NELSON, GUS
Texas National Corp.
JOSEPH, HERMAN B.
Joseph Mellen 8c Miller & Co.
FREDERKING, WILBUR H.
Houston
San
First Boston
McDonald
RICHARD L.*
Equitable Securities Corp.
BROWN,
Dealers
t
Cleveland, Ohio
FRANKLIN, ED. W.*
BRADLEY,
The
Securities
FERGUSON, KEEN (MRS.)
FLYNN, H. L.
Corp.
Dallas
BROWN,
of
Chicago
FRED*
Investment
Nuveen
Dittmar
Co.,
York
San
Antonio
JOCKUSCH,
paiifts
The
EDWARD
San
<
SHANKS, WILLIAM
NAZRO,
Chicago
,
8c
Allyn 8c Co.
Muir
E.
City
JOHNSTON, CARTER*
Rauscher, Pierce & Co.
Co.
FAIRCIIILD, PAUL W.
Antonio, Texas
BOOTHMAN, CLAUD O.*
Dumas, Huguenin 8c Boothman
John
8c
Smith,
MUIR, EDWARD D.*
Ira Haupt & Co.
Philadelphia, Pa.
FAGAN, PAUL J.*
San
BRINKER,
JILEK.
8c
Louis
New
Bullock, Ltd.
Kansas
Fenner
Antonio
St.
Co.
HENRY
Calvin
Pierce,
MOUNTCASTLE, KENNETH F., JR.
Reynolds 8c Co.
Antonio
JENSEN,
C.
The Chase Manhattan
SHAWELL, WILLIAM
G.
8c
SENHOLZI, JOHN
Antonio
San
Bank
E- Allison 8c Co., Inc., San Antonio
v
MOREY, RICHARD
A.
&
Co.
The
MOORE,
Antonio
San
8c
Chicago
Co.
National
B.
First National City Bank of New
York
w. perry*
Lynch,
Austin,
Dittmar
Co.
Antonio
Stroud
Antonio
BOLTON,
&
.
.
BENNETT, DELTON, JR.*
Creston H. Funk, Hobbs & Co.
San
Edwards
ERGOOD, RUSSELL M., JR.
Commerce
of
San
8c
JEFFERS, WILLIAM A.*
Antonio
San
ED
BENEDICT,
N.
James
Illinois
SEAL, E. JAMES (JIM)*
Antonio
C.
A.
Dallas
New York
j.*
PLEAS
Newton
MILLER,
at
Chicago
SCUDDER, DANA
York
San
Co.
JAUER, WILLIAM E.*
Lentz, Newton & Co.
San
PHILIP F.*
Hanseatic Corp.
McROBERTS, JIM
First Southwest Securities
ENGELKE, ALBERT*
Municipal Securities Co.
Co.
Co.
Bank
.
Continental
Trust,
York
Merrill
National
Sanders &
Company, Dallas
SCHULTZ, GLENN R.
nollaft
"PftllflS
RAY*
New
San
JANECEK, LADDIE T.
Inc.
Worth
San
HENRY
BEISSNER,
Co.,
Company
York
Lentz,
Texas
S.
8c
Pressprich
Mcpherson,
Dallas
ELLSWORTH, BRUCE*
First of Texas Corporation
Co.
&
Antonio
San
A.
Fort
BEINHORN, WILLIAM A., JR.*
Russ
8c
William
Texas
Houston,
Bank
F.*
J.
Mercantile
Inc.
Southwest
Judson
Co.
W.
Ranson
First
Smith, Barney & Co.
Chicago
EDWARDS, WILLIAM N.*
Dallas
Inc.
Bank
SANDERS, W. T., (TUG)
R. J. Edwards,
Inc., San Antonio
SANDERS, JESSE*
CUSHMAN
McNEEL,
National
Southwest
Dallas,
York
EDSEL,
Corp.
Securities
&
McCulloch
McGEE,
McMANUS,
Co.,
JAMES, JUDSON S., JR.*
Mosle
Walston
New
F.*
Securities
Exchange
LEWIS*
D&IIes
New
JACQUES,
EATON, EMMETT H.
Texas
B.
Dallas
Houston
JOHN
Mosle & Company
Rotan,
Houston,
8*
Antonio
First
C. PHARR
Rotan,
York
BAYNE,
E.
Corp.
Houston
BARTOW, PHILIP K.
New
GEORGE
National
DUNCAN, A. BAKER*
Rotan, Mosle & Co.
Inc.
Company,
Antonio
San
McCall
Corn
JAY
Bache & Company, San Antonio
SAMPLE, CLARENCE E.
Worth
Fort
Crowe,
JACKSON, W. C., JR.*
Antonio
RUBIN,
McCULLOCH, BARRON
Austin, Texas
HOWARD, VAN H., JR.
Dobbins, Howard & Smith
San
Chemical
New York
Attorney General
Parkhurst, Crowe, McCall 8c
Barron
Union
American
Antonio
Inc.
Dallas
HOUSER, WILLARD C.
Antonio
San
Co.
Dallas
;
;
•
DOBBINS, ELMER W."
Austin, Hart 8c Parvin
Antonio
San
8c
Hobbs
New
Dallas
Antonio
Co.,
Horton
Funk,
R.
HOUSTON,
DEWAR, H. H.*
Dewar, Robertson 8c Pancoast
8c
McCall,
Horton
York
San
Co.
Dallas
DENISON, RAY*
Municipal Securities Corp.
Hart 8c Parvin
AUSTIN, FRANK E., JR.*
AYRES,
-New
H.
HORTON, PAUL B.*
McCall, Parkhurst,
Co.
8c
&
,
S.
Metropolitan Dallas Corp.
Chicago
ROWLES, RUSSELL R.
Rowles, Winston & Co., Houston
ROWLEY, JAMES
McCALL, HOBBY*
Hobbs
Antonio
San
Bank
MARQUETTE
Smithers
S.
G.
Funk,
HOLLAND, EDWARD W.*
,
deBARY,
F.
Antonio
San
Co.
H.
York
Straus, Blosser 8c McDowell,
Antonio
Assistant
Antonio
Creston
Dallas
AUSTIN, EDWARD H.*
Austin,
&
DAVIS, JOHN S.*
Republic National
Texas
WILLIAM
Creston
San
New
Corporation
ROSENTHAL, WARNER A.
Co.
8c
Austin
HOBBS,
Pauls
Dittmar
Inc.
JR.
Dallas
NEILL T., JR.*
Masterson
MAYS, HOWARD*
Boston
Galveston
ANDERSON, DAVID F.
Muir Investment Corp.
San
8c
DARST, H. W.
Antonio
San
Johnston
Hanseatic
GEORGE
Guest of
Houston
Inc.
AVERY,
Dominick,
8c
York
ROOKER,
MATHIS, WALTER N.
San
HILL, DRAPER*
Harkness & Hill,
Chronicle
FRANK
New York
Houston
MASTERSON,
Dallas
Brandenberger,
Dominick
RONAN,
New
White,
Financial
&
San Antonio
Dallas
WILBUR E.
VINCENT
ROCKEFELLER,
MASTERSON, TOM*
Underwood, Neuhaus 8c Co.
Inc.
Houston, Texas
HILGER, SCANLAND*
Dallas Rupe 8c Son,
(
j.*
Co.
Mercantile National Bank
JOHN*
Allison 8c Co.,
Antonio
San
8c
JAKE*
MARTIN,
Hess 8c Company
Galveston
ANDERLITCH, TOM*
JR.
Corp.
E.
HESS,
York
Moreland,
York
New
M.
Houston, Texas
CURRIE, JACK T.
JR.*
Savings
&
HENDERSON,
CURRY, FRED*
Equitable Securities
Smith,
&
Inc.
Houston
PAUL,
National
Antonio
San
CROWELL, WARREN H.
Crowell, Weedon 8c Co.
Los Angeles 14, California
CUNNINGHAM, FRANCIS J.
Kidder, Peabody & Co.
Co.
Trust
8c
Texas
&
Dallas
ROBERTSON, ALTON E.*
Dewar, Robertson & Pancoast
York
New
F.
Commercial
EDWIN
Wertheim
8c Co.,
Standard 8c Poor's Corp., New York
Company
MARKHAM,
Bank
1
HELMCAMP,
McCall
Horton
ALEXANDER, TED R.
M.*
8c
Dallas
Company,
Wiesenberger
REILLY,
Antonio
San
M.
National
Co.
E.
S.
f.*
KEITH
Arthur
Francisco
Emerson
Dallas
CROWE, CLARENCE E.*
McCall, Parkhurst, Crowe,
JOHN L.
Group, Inc.
York City
Distributors
Texas
First
JOHN*
American Securities
MACLIN,
Antonio
San
HATCHER,
Houston
Houston
AHBE,
Co.
HARRY
Municipal Securities
REED,
MacKENZIE,
HART, W. LEWIS*
Austin, Hart 8c Parvin
CROCKETT, GORDON A.*
Dempsey-Tegeler & Co.
I.*
Belssner 8c
Moroney,
8c
T.
Houston
City
FRANCIS
ABSHEBE-.
CLAUDE
Bank
Dallas
San
ABRAMS, JAMES
REED,
National
Thursday, April 16, 1959
...
Pierce
8c
Co.,
General
Austin
Inc.
*
Denotes Mr. & Mrs.
|
Volume 189
Number 5838
.
..
15
The Commercial and Financial Chronicle
UNDERWRITERS • DEALERS • DISTRIBUTORS
CORPORATE AND MUNICIPAL SECURITIES
Trading Market* in
-v
Texas and Other Southwestern Securities
Sc. Mrs. Tom Ball., Jr., Brown, Warcing. Ball & Co., Houston; William J. Lau, J. M. Dain
Company, Inc., Minneapolis; Mr. Sc Mrs. William M. King, State Securities Commission, Austin
Mr.
.
A
CRESTON H. FUNK, HOBBS & CO.
INVESTMENT SECURITIES
MEMBERS MIDWEST STOCK EXCHANGE
FROST NATIONAL BANK BLDG.
CA 7-6215
SAN ANTONIO,
TWX SA11
TEXAS
WE KNOW THE
LONE STAR
and
STATE...
an
we
provide
experienced
service for these
and the
markets and
our
dealer friends
"state" of
who
U Own
Texas
Crown
interested
are
CrownZi
Crown Z
securities
Mr. A Mrs. William P. Smallwood, Mr. St Mrs. William C. Jackson, and
all of First Southwest Company, Dallas
ic
in them.
Stl
*rr m
fcn Sut
Mr. & Mrs. James Jacques,
YiewM, Y&Mkzfam & \jmeoa6f
MEMBERS
NEW
YORK
STOCK
11TH
EXCHANGE— AMERICAN
FLOOR,
MILAM BUILDING
AUSTIN
SAN
—
STOCK
EXCHANGE
SAN ANTONIO,
ANGELO
SAN
Corp.
Muir Investment
101 N. ST.
ANTONIO
DEALERS
DISTRIBUTORS
UNDERWRITERS
{ASSOC.}
TEXAS
SAN ANTONIO 5, TEXAS
MARYS ST.
Corporate
and
Municipal
Mr.
St
Mrs. Frank Newton, Lentz,
Newton A Co., San Antonio; William H. Gregory III, Gregory A
Securities
Sons, New York; Mr. A Mrs. Leslie L. Lentz, Lentz, Newton A Co., San Antonio
Teletypes: SA 172 (Corporate)
Direct
FIRM
Wires
to
SA 116 (Municipal)
Gregory A Sons, New
York
RETAIL MARKETS
BIDS
MUNICIPAL BONDS
OVER-THE-COUNTER STOCKS
Austin, Hart & Parvin
MEMBERS MIDWEST STOCK EXCHANGE
USAA Bldg.
SAN
Phone
4119 Broadway
ANTONIO, TEXAS
Direct and Connecting
Austin, Hart A Parvin, San Antonio; Mr. A Mrs. John P. Henderson, Mu E. Allison A
Antonio; Wilbur E. Hess, Hess A Company, Houston; John Gatti, Muir Investment
Corp., San Antonio; Edward H. Keller, Texas National Corp., San Antonio;
H. Wilson Arnold, Arnold A Crane, New Orleans
W. Lewis Hart,
Co., Inc., San
Bell Teletype SA 71
TAylor 4-2493
Wires to
Dallas, Houston, Chicago, New York
and Los Angeles
The Commercial and Financial
16
Morgan K. Cox, Columbian Securities
Corp. of Texas, San Antonio
Mr. & Mrs.
Alton E.
San
Robertson, Dewar, Robertson & Pancoast,
Antonio;
Edward J. Jilek, Ira
Chicago
George S. Rooker, Metropolitan Dallas Corporation, Dallas; Claude T.
Crockett, Crockett & Co., Houston; F. Vincent Reilly, Commercial
& Financial Chronicle and Standard & Poor's Corporation, New York
.
Mr. &
'
v
v
Mrs.^Wallace Payne, First of Texas Corporation, San Antonio;
C. Pharr
Duson, Rotan, Mosle & Co., Houston
Mr.
A
Mrs.
William B. Chappell, First
Corporation, New York
Boston
Haupt
&
Co.,
Mr.
Mrs. Edwin
J. Markham,
New
Wertheim & Co.
&
Bruce Ellsworth, First of Texas Corporation, San Antonio
Thursday, April 16,1959
Company, Incorporated, Philadelphia
Laddie T. Janecek, First Southwest Company, San Antonio; S. E.
Maclin, Emerson & Company, San Antonio; John Hamilton, Hamilton
Securities Company, Dallas; Lewis F. Lyne, Mercantile National Bank,
Dallas
■
Russell R. Rowles, Rowles, Winston & Co., Houston; Mr. & Mrs.
...
Frank Burkholder, Equitable Securities Corpo¬
ration, Nashville; Russell M. Ergood Jr., Stroud
York
Edward H. Austin, Austin, Hart £ Parvin, San Antonio; David D.
Lynch, Kidder, Peabody & Co., New York; John Rauscher, Jr.,
,
Rauscher, Pierce & Co., Inc., Dallas
••
■' „*
'..':,v
."i '
Chronicle
•
,
Mr. & Mrs. Ray Denison, Municipcd Securities Company, San
Antonio*
D. Edward Walton, Municipal Securities Company, Dallas
'
Mr.
A Mrs. G. Shelby Friedrichs,' Howard, Weil,
Labouisse, Friedrichs A Co., New Orleans
@FedFRASER